Dec 02 2009

Much better day with few calls (I tend to get careful after getting my behind kicked) but all of them being winners, one turning into nice 40 cents runner (ATHR).

Session Time: Wed Dec 02 00:00:00 2009

[07:50] {nemo} hi folks

[07:51] {strider} morning nemo, patience.

[07:51] {strider} jmb

[07:51] {patience} good chilly morning :)

[07:51] {nemo} yeah, cold here too

[07:53] {strider} 40 degrees here...supposed to rain all day.

[07:53] {nemo} 20's here

[07:53] {nemo} sunny

[08:08] {Threei} RSOL signed a large multi-site contract to design and install 790 kW DC of solar electricity in CA (3.03, 0.00, 0.00%)

[08:11] {Threei} BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)

[08:14] {Les} hello.

[08:14] {Les} frozen fingers working in garden this morning

[08:15] {Les} couple of glasses of wine and I'm warmed up to trade

[08:15] {Threei} Les :)

[08:16] {Threei} *(US) ADP NOV EMPLOYMENT CHANGE: -169K V -150KE

[08:16] {Threei} - Prior revised from -203K to -195K

[08:16] {Threei} - Sept revised to -227 from -254

[08:19] {nemo} Hi Raven

[08:20] {Raven} mourn

[08:20] {nemo} morn or mourn

[08:20] {Raven} cosmo says mourn

[08:20] {Les} AIG in playful mood this morn

[08:21] {Threei} R :)

[08:22] {Raven} T:)

[08:22] {nemo} cute

[08:22] {Raven} lol

[08:25] {Threei} Raven... I guess this is first time ever someone thought you and I were cute

[08:25] {Threei} well... certainly first for me

[08:25] {nemo} responses were cute

[08:25] {Threei} oh don't ruin it for me

[08:26] {nemo} fine...

[08:26] {Raven} {}

[08:26] {Threei} but don' go any further that road either

[08:26] {nemo} [08:21] {&Threei} R :)

[08:26] {nemo} [08:22] {+Raven} T:)

[08:26] {nemo} [08:22] {nemo} cute

[08:27] {Threei} RSOL daily looks interesting

[08:27] {Threei} don't know how influential news is

[08:27] {Threei} it's some strange arrangement

[08:28] {Les} what you refering to?

[08:28] {Les} the recent buying?

[08:29] {Threei} real goods solar Signed large multi-site contract to design and install 790 kW DC of solar electricity in CA

[08:29] {Threei} - Signed a large multi-site contract to design and install 790 kW DC of solar electricity across fourseparate affordable housing communities: three in San Francisco and one in Richmond, CA.

[08:29] {Threei} - The PV systems will be financed through a Power Purchase Agreement (PPA), enabling these properties to use solar-generated power without the upfront capital costs or operational expenses. Upfront installation costs have been significantly reduced by San Francisco Mayor Gavin Newsoms GoSolarSF solar energy incentive program, and the California Solar Initiative Multi-Family Affordable Solar Housing (MASH) Rebate Program.

[08:29] {Threei} - This multi-million dollar investment is expected to generate 1,090,311 kWhrs (1.1 MWhrs) of electricity for the residents of these communities, ensuring lower electricity rates for years to come. Californias new Virtual Net Metering tariff will allow the electricity and cost savings to be shared among the resident families as well as the common areas, a first for California.

[08:29] {Threei} - Through the San Francisco City Build and Solar Richmond workforce training programs, approximately 36 workers who were previously unemployed now have jobs installing the systems.

[08:30] {Threei} CYTR Announces That FDA Lifts Clinical Hold of Arimoclomol in ALS (1.00, 0.00, 0.00%)

[08:31] {Threei} so if I understood it right, RSOL installs equipment at its own expense, albeit reduced by rebates,

[08:32] {Threei} and hopes to recover it and profit by selling energy

[08:33] {Threei} KERX

[08:33] {Threei} Keryx Biopharmaceuticals Inc Receives FDA Fast Track Designation for KRX-0401 (Perifosine) for the Treatment of Relapsed/Refractory Multiple Myeloma

[08:33] {Threei} - A Phase 3 trial investigating perifosine in combination with bortezomib (VELCADE) and dexamethasone for the treatment of patients with relapsed/refractory multiple myeloma is expected to commence by year-end under a Special Protocol Assessment (SPA) with the FDA.

[08:33] {Threei} - In addition, in September, the Company announced that perifosine had received Orphan-Drug designation in the United States for the treatment of multiple myeloma.

[08:35] {Threei} Analysts at Credit Suisse update China investment strategy; Growing cautious in construction and capital goods names that are overly exposed to infrastructure/industrial development

[08:35] {strider} KERX has gap up to 5.

[08:36] {Threei} AEZS Receives FDA Fast Track Designation for the Treatment of Relapsed/Refractory Multiple Myeloma (1.00, 0.00, 0.00%)

[08:39] {Les} nice cup developed, wonder if it can pull of handle as well KERX

[08:41] {Threei} on what chart?

[08:50] {Les} daily, last 3 months. No?

[08:50] {Les} or is that shallow pullback?

[08:51] {Threei} so far it's a cup

[08:51] {Threei} it's just that such time frame doesn't give you any options for today

[08:51] {Les} so can it be played as breakout of present price, given the consolidation?

[08:52] {Les} or would waiting for handle be way to go?

[08:52] {Threei} if you want to play C&H on daily chart, there is no such play today

[08:52] {Threei} it just completes the cup

[08:52] {Threei} whatever you want to play today would have to come from intraday chart

[08:53] {Les} sure

[08:54] {strider} NVAX

[08:55] {ese} morning

[08:55] {Threei} strider, ese :)

[08:55] {Threei} NVAX had news...

[08:55] {Threei} H1N1 trials

[08:55] {strider} morning 3i, ese:)

[08:55] {Threei} isn't it horribly late for that?

[08:56] {ese} ST vad

[09:01] {Threei} DRYS is knocking on yest high

[09:01] {fernp} Good morning everybody

[09:01] {Threei} [08:11] {Alert} Threei BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)

[09:01] {Threei} fern :)

[09:01] {strider} morning fern:)

[09:02] {Les} hey fern

[09:02] {fernp} strider, les :)

[09:03] {larisa} gm :)

[09:05] {Threei} larisa :)

[09:05] {larisa} :)

[09:05] {nemo} lari :)

[09:06] {larisa} nemo :)

[09:06] {strider} larisa:)

[09:06] {strider} rubbi, tomg:)

[09:06] {nemo} goodnight john-boy

[09:08] {strider} Anybody using the History Board view in Laser?

[09:09] {tomg} i use it

[09:09] {Moose} gm all

[09:09] {Threei} tom, moose :)

[09:09] {tomg} gm :)

[09:09] {strider} I'm having trouble with it sometimes overwriting previous entries, when I type a new sym into the linked chart.......have you seen that?

[09:09] {tomg} yes

[09:09] {strider} know how to prevent it?

[09:10] {nemo} wait for laser brain to show up and then hammer him with the question

[09:10] {tomg} i figured it out, but forgot....let me look

[09:10] {ese} snts......another drug company moving this morning

[09:10] {strider} thx

[09:11] {tomg} right click over it, look at settings

[09:11] {strider} k

[09:11] {tomg} what do you have for stock depth (lower right corner)

[09:11] {Threei} SNTS yesterday after hours news

[09:11] {Threei} Tuesday, December 01, 2009 5:20:43 PM

[09:11] {Threei} Santarus Inc Confirms FDA Approval of Schering-Plough HealthCare Products ZEGERID OTC

[09:11] {strider} 10, but it's replacing at 4 right now.

[09:12] {tomg} i set mine at 20.

[09:12] {strider} Dos cursor have to be set in a specific place in board?

[09:12] {tomg} i don't think that's the answer though

[09:12] {Threei} Reminder: Treasury Secretary Geithner to testify before the Senate Agriculture Committee on reform of the OTC derivatives market at 9:30amET

[09:12] {tomg} do you have dynamically sort checked?

[09:13] {strider} no. but I will.

[09:14] {strider} that seems to help

[09:14] {nemo} save your layout strider

[09:14] {tomg} ok, i did something, and whatever it was it fixed it. just don't remember exactly. maybe that's it

[09:14] {strider} will do.

[09:15] {strider} It's a good feature.

[09:15] {nemo} how did you link it to charts...I tried to figure that out

[09:15] {strider} Unfortunately, I overwrote most of my stocks for this morning.

[09:16] {strider} nemo..just as you link any thing else...under Window, set link

[09:16] {nemo} yeah, I tried that

[09:16] {strider} try it again...:)

[09:17] {strider} If you have the chart in another set of links....add it to that set.

[09:17] {nemo} I did, then when I click on the symbol in board view it doesn't do anything

[09:18] {strider} You're doing something wrong...works for me.

[09:18] {nemo} thanks Howard

[09:18] {strider} who's Howard?

[09:19] {nemo} Howard Cosell...master of the obvious (sorry Vad...came well before you)...no kidding...I'm doing something wrong (surprise!)

[09:20] {strider} Might be best to start with new board view history, and link it before you put in any syms.

[09:21] {nemo} Yeah...I was afraid of that

[09:22] {strider} WAG gap down

[09:25] {ese} me thinks that kerx is a good bet this morning.......fast track desination for a lukemia drug......

[09:25] {nemo} thou art funny

[09:26] {Threei} (US) Moody's: Outlook for US banks continues to be Negative (post Q3), substantial asset quality issues remain for rated US banks (related XLF )

[09:28] {strider} Regional Bank sector upgraded to Overweight from Market Weight at Credit Suisse

[09:28] {strider} Credit Suisse upgraded the Regional Bank sector as they expects NPA's, NCO's and provisions to improve in 2010. The firm upgraded SunTrust (STI) to Outperform from Neutral and BB&T (BBT)to Neutral from Underperform and sees the most upside in Fifth Third Bancorp (FITB) and First Horizon (FHN).

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {strider} long kerx 3.00

[09:30] {Threei} NANO

[09:31] {ese} l kerx .08

[09:32] {nemo} gld

[09:32] {nemo} sorry

[09:33] {Threei} no idea what happens with NANO but it's a momo candidate

[09:33] {dino} gm all

[09:33] {nemo} dino :)

[09:33] {Threei} dino :)

[09:34] {strider} nothing on the fly

[09:34] {strider} dino:)

[09:35] {Threei} AIG is getting sold off hard

[09:35] {Les} KERX about to do a salmon?

[09:35] {ese} out kerx .12 +,04

[09:35] {Threei} I doubt it Les

[09:35] {Les} ah no

[09:36] {Threei} where is magooo... he would already be up 50 cents on NANO

[09:37] {Moose} 3i.. did you trade NANO?

[09:37] {nemo} communing with the fauna

[09:37] {Threei} scalped

[09:37] {Moose} k

[09:37] {Threei} US Rep Frank: Aiming to vote on financial reform bill in the House by 12/9 (related XLF IXG )

[09:37] {fernp} ATHR 30 break, Vad?

[09:37] {Threei} I like the chart fern

[09:37] {Threei} a bit too thin

[09:38] {Threei} but has nice potentiasl

[09:38] {fernp} ok

[09:39] {Les} drys upon consolidation?

[09:39] {Threei} feels so

[09:39] {Threei} won't be fast, but that's not the nature of this stock

[09:39] {Threei} .40 break prooably worth a try

[09:40] {Threei} ATHR 30 is yesterday's high too

[09:41] {Threei} and a lot of offers

[09:41] {Threei} so break will put it on 2 days break scanners, annual hgh scanners

[09:41] {fernp} that's good

[09:41] {Les} drys .40

[09:44] {nemo} seed coughing up the furball

[09:45] {nemo} no short shares...phoooey!!

[09:45] {strider} never are.

[09:45] {nemo} they'll show up some day

[09:45] {nemo} nano

[09:45] {nemo} oops

[09:45] {strider} buy some, and then borrow them from yourself.

[09:46] {Moose} AIG

[09:46] {nemo} ha.....ha........ha.....

[09:46] {strider} KERX ain't acting right.

[09:47] {Threei} NANO will probably cut through 13

[09:47] {ese} not yet ST

[09:47] {strider} I'm still in small.

[09:48] {strider} still no news NANO?

[09:48] {ese} made .04 but am looking to get back in

[09:48] {Threei} not that I see

[09:50] {ese} waiting for a higher low type thing

[09:50] {Threei} ATHR launch

[09:50] {fernp} i am in

[09:50] {fernp} stop under .90

[09:51] {Les} l drys .46

[09:51] {fernp} i am out 1:1 ATHR

[09:51] {strider} good move fern.

[09:51] {Threei} chewing sound ATHR

[09:51] {fernp} ty

[09:51] {Threei} why .46 Les

[09:52] {Threei} .40 was break level

[09:52] {ese} a little pullback to say .92 st and then away we go

[09:52] {Les} wasn't sufficient consolidation before breaking new high?

[09:53] {Threei} not the point Les... point is, trigger for atrade was .40

[09:53] {Threei} why skip that and then buy .45 break?

[09:54] {Les} figure 12.2, p.126

[09:54] {strider} AIG

[09:55] {strider} no pullback ese

[09:55] {ese} l kerx .99

[09:55] {ese} yup it's strong

[09:57] {Threei} some day we will stumble onto dice with AIG letters on it

[09:58] {Threei} what a weirdo

[09:58] {nemo} who...Les? :)

[09:58] {Threei} well, let's not make it personal because some may find themselves in a glass house {G}

[09:58] {strider} RIMM

[09:58] {Les} oooh in fine form today nemo

[09:59] {nemo} oh yeah...and I throw the stones from the inside

[09:59] {nemo} sorry les...when Vad sticks YOUR chin out like that, I have too

[09:59] {nemo} I'll expect payback

[10:00] {Les} yeh 1 letterbomb express mail

[10:00] {strider} lotsa sellers, KERX

[10:00] {Threei} ATHR, if anyone is holding for more, stategy at this point is:

[10:00] {Threei} stop under 30, offer 1.4 more just above .20

[10:01] {dino} hmmm, i see they dumped the ed's while i was away

[10:01] {Threei} yeah

[10:01] {ese} yup

[10:02] {Threei} 1:2 ATHR

[10:02] {Threei} stop to under .10

[10:02] {ese} lots of buyers too

[10:02] {ese} kerx

[10:02] {Threei} last portion is a choice between exiting at 1:3 or trailing from now on

[10:04] {BillyD} SOMX action

[10:05] {ese} sure ....now i get my pullback

[10:06] {strider} short CBAK .87

[10:07] {strider} stop .95

[10:07] {ese} higher low st.....wha...da ...ya figer

[10:07] {strider} I dunno. I'm about ready to bail.

[10:07] {ese} where you in at

[10:07] {strider} I think there's so much for sale at 3.,

[10:07] {strider} 3.00

[10:07] {ese} could be

[10:08] {strider} I'll wait for a higher low also.

[10:08] {nemo} watching wag, for break of .80

[10:08] {strider} stop 2.87 for me, KERX

[10:09] {nemo} Les...you want my address?

[10:09] {ese} ya ....if it puts it in here....it'll make the high of the day i think.....more times than not with this pattern they do........but.......stocks go up except when they don't and down except when they don't

[10:10] {Les} Vad's already given it me...

[10:10] {Threei} with map attached

[10:10] {Threei} ATHR 1:3

[10:10] {Threei} beautiful setup, textbook

[10:10] {fernp} JWN long .80 stop under .70

[10:10] {Threei} now, textbook says:

[10:10] {fernp} out ...and late post

[10:11] {Threei} 1:3 if taken more often than not leads to fast 1:4

[10:11] {ese} hmmmmm .99 give me .15 .84 for me

[10:11] {nemo} trail above the 13 ma

[10:11] {Threei} if trailing, trail under .20

[10:11] {ese} here we go........theres a good little stock

[10:12] {nemo} what stock ese?

[10:12] {ese} kerx

[10:13] {Threei} DRYS over 1:1

[10:13] {Les} from your .40 break, yeh

[10:13] {Threei} right

[10:13] {Threei} your .45 break has two variations

[10:14] {Les} you'll have to show me where I should have entered when things have quietened down

[10:14] {Threei} one is if trade was taken as scalp type 1

[10:14] {Threei} then stop would be under .40, so it's at 1:1 as well

[10:14] {Les} ok

[10:14] {Threei} or as a scalp type II or a day trade, then your stop is under .35

[10:14] {ese} move day for drys.....like the third round of a golf tournament

[10:14] {Threei} and you have a few more cents till 1:1

[10:15] {ese} i think were lookin good here st

[10:15] {Threei} I told the entry when you first asked Les... and even before that

[10:15] {Threei} .40 break

[10:15] {Threei} ATHR 1:4

[10:15] {Threei} my a$$ is out

[10:16] {ese} no vad........not that

[10:16] {strider} oh, lord...another trading log that can't be posted.

[10:16] {ese} higher low st.....lets make the high

[10:17] {strider} I was hoping for an all day trade, but doesn't look like it now.

[10:17] {ese} all day trade in what

[10:18] {strider} kerx/....thought it might really take off.

[10:18] {ese} auch nuu aye man........

[10:18] {strider} boutght snmall with the idea of partialling in with confirmation.

[10:19] {ese} good plan.....might be better than mine still

[10:19] {ese} i plan on gettin out at the highs

[10:19] {strider} Now all I got is two stocks dead in the water.....

[10:19] {ese} if it ever bloody gets there

[10:19] {strider} and I think vad has retired.

[10:20] {nemo} sqnm

[10:21] {ese} naaaaaahhhhhh! He just watches us....shaking his head thinkin......."what am i doing here....what am i doing"

[10:21] {Threei} don't see any news SQNM

[10:21] {Threei} some rumor somewhere probably

[10:22] {strider} RIMM?

[10:22] {strider} too late

[10:22] {nemo} it's right at support

[10:23] {strider} now lower high, ese. volume dropped to zip.

[10:23] {BillyD} Vad, your hover trick makes a big difference

[10:23] {ese} maybe

[10:24] {Threei} good to hear Billy

[10:24] {Threei} me useful

[10:24] {Threei} me glad

[10:24] {ese} what the hover trick

[10:24] {Threei} that's for Laser ese

[10:24] {ese} ahhhhh

[10:24] {BillyD} have ot get ese a pigeon trick

[10:25] {BillyD} a fast pigeon that is

[10:25] {ese} so your sstill just sitting there shaking your head wondering....."what am i doing here"?

[10:26] {ese} we ove ya vad!!! well at least i do

[10:26] {ese} love

[10:26] {nemo} manlove...wonderful

[10:27] {Threei} ummm

[10:27] {nemo} speechless

[10:27] {Threei} sorry ese, we will have to settle on a handshake

[10:27] {ese} done

[10:27] {Threei} I am very limited in my gender prefeences

[10:27] {nemo} what about species?

[10:28] {Threei} that too

[10:28] {Threei} humans and green men (well, women) from Mars

[10:28] {ese} st.....we may get the all day consolidation at 3.00 quell drag

[10:28] {strider} DOE inventory numbers at 10:30

[10:28] {Threei} or is it ZVenus

[10:28] {dino} gme hl l .00

[10:28] {strider} fwiw

[10:29] {fernp} have to install a samba server. i'll be back in a couple of hours

[10:29] {ese} dino.....your back

[10:30] {Threei} *DOE CRUDE: +2.1M V 0.0E; GASOLINE: +4M V +750KE

[10:30] {Threei} DISTILLATE: -1.1M V -500KE; CAPACITY UTILIZATION: 79.7% V 80.8%E

[10:30] {nemo} wow

[10:31] {dino} lol es

[10:31] {Threei} Update: Tiger Woods issues statement: says he has "let his family down" with his "trangressions"

[10:31] {strider} whatever.

[10:31] {nemo} well...there goes the sponsorship money

[10:31] {ese} huh your kidding

[10:31] {ese} where did you read that vad

[10:32] {Les} like he needs sponsor money anymore

[10:32] {nemo} not the point les

[10:32] {dino} leave the guy alone

[10:32] {BillyD} things stuck right now

[10:33] {Les} CAT b/d .50 trigger?

[10:35] {Threei} i the news ese

[10:35] {Threei} I like CAT chart

[10:35] {Threei} hopefully it stays under .60

[10:36] {Threei} for a tight stop

[10:36] {Threei} its nature is not very conducive to tight stop plays

[10:36] {Threei} but if market drops, this break should be nice

[10:36] {Threei} thing is red while market is strong

[10:37] {Threei} volume dris up on bounces

[10:37] {Threei} dries

[10:37] {nemo} aig short .04?

[10:37] {nemo} stop a bit wide

[10:38] {Threei} nah

[10:38] {Threei} not my kind of setup

[10:38] {ese} kerx....looking dud ish st

[10:38] {nemo} could just be trend continuation

[10:40] {dino} ced hl l .65

[10:40] {nemo} ced dino?

[10:40] {strider} ced?

[10:41] {nemo} think amzn will ever stop?

[10:42] {dino} opps cedc

[10:43] {dino} acl

[10:44] {nemo} patience, you in kgc?

[10:48] {strider} out CBAK +.01...what a dog.

[10:48] {patience} no nemo, i am only hgu

[10:48] {patience} big day for me yesterday

[10:48] {patience} so i am just quietly going with hgu today...letting it trade

[10:51] {patience} out hgu, macd just flipped +.82

[10:52] {larisa} gj

[10:54] {strider} damn kerx.....huge offer

[10:54] {nemo} 3.01 also

[10:55] {strider} yeah...doesn't look like it's going anywhere.

[10:55] {strider} well, it's getting eaten up.

[10:55] {strider} whoa.

[10:55] {strider} jeez.

[10:56] {BillyD} watching SOMX

[10:56] {BillyD} can be a toughie though

[10:57] {Les} still watching CAT. AIG b/d .80 trigger?

06[10:57] * strider slaps Threei around a bit with a large alarm clock.....time to get up!

[10:58] {nemo} Dino, gmcr, maybe bear flag

[10:58] {strider} out KERX +.07

[10:58] {ese} nice one

[10:59] {Threei} CAT just doesn't set up

[10:59] {Les} not yet

[10:59] {Les} .20 stop doable?

[11:00] {Threei} and AIG, for the world of me I can't tell whether it's breakdown, or sit at the low then spike

[11:01] {Threei} I'd prefer aggressive entry on CAT

[11:01] {Threei} .70 is closest resistance

[11:02] {Threei} no clear trigger for now

[11:02] {nemo} .66 is pivot

[11:03] {strider} there goes the market.

[11:04] {Les} so we're not permitted to play CAT. by invitation only?

[11:04] {Threei} huh?

[11:04] {Threei} see how .50 entry would put you in a very uncertain position now?

[11:05] {Les} y

[11:05] {Threei} because it would be done at the end on vertical drop

[11:05] {Les} that's what I meant by invitation only

[11:05] {Threei} but any kind of aggressive entrey would already be in a very nice profit

[11:05] {Les} hmm

[11:05] {Les} aig too

[11:05] {Threei} market drop takes them all down

[11:06] {dino} sm s acl .20

[11:09] {dino} stopped -.35

[11:09] {ese} what the h is this drop all about

[11:09] {BillyD} does it need a reason

[11:09] {Threei} maybe this:

[11:09] {Threei} US House approves plans to create first Federal Insurance industry regulator (related AIG MET GNW PRU HIG PFG LNC UNM GNW AFL )

[11:10] {Threei} or this

[11:10] {Threei} UA) IMF: Dubai's direct effects on international banks appear contained, sees no need to provide Dubai with financial support

[11:10] {Threei} - Calls on UAE to communicate with investors to ensure timely resolution of debt issue

[11:10] {Threei} or it's just time for markert to roll over and die

[11:11] {ilana} did these news just come out?

[11:12] {larisa} this rally already got a name "most hated" :)

[11:12] {ese} you know....i keep reading that there is still lots of uncommitted money out there.....can't see it but maybe there is

[11:12] {strider} long AIG .44

[11:13] {Threei} yes ilana

[11:13] {Les} yes, someone jerking traders chains today

[11:13] {Threei} because most everyone missed it larisa... and waited in vain for price to return for entry, or even shorted it

[11:15] {larisa} hubby got in in march. i told him to get out at DOW 9900 :) now he is very angry with me :)

[11:16] {strider} out AIG +.14

[11:16] {strider} +.16

[11:16] {Threei} wtg

[11:17] {strider} thx vad

[11:18] {dino} gj

[11:19] {Les} cat did its big drop again

[11:19] {strider} SSTEC

[11:19] {strider} STEC

[11:20] {strider} missed it

[11:22] {dino} dgw

[11:23] {strider} : STEC declines after Micron announces plans to enter solid state drive market

[11:25] {Les} another short entry on CAT coming? .20?

[11:25] {Threei} CAT follows the market right now

[11:26] {Threei} market drops, so will CAT

[11:30] {Threei} Barclays is reportedly ending its bets on EUR rising v USD (related EUR/USD )

[11:31] {Threei} another contributing factor to market weakness

[11:31] {Threei} if USD is bottoming out, we are to see market dump

[11:31] {larisa} AMZN exploded

[11:32] {larisa} interesting stock. it is either up all day or down all day. I seldom can catch good bounces on it.

[11:33] {larisa} against the trend it is

[11:34] {strider} ese, you still in KERX?

[11:38] {dino} gme stopped -.35

[11:41] {strider} Favorite quote from our favorite author:

[11:41] {strider} And what is it a trader needs to control? We know we cannot control the market. All we need to control is ourselves, our own behaviour. And this self-control is what enables us to win in the market. It's just uncomfortable. It requires discipline; unclouded, unbiased thinking; and the willingness to admit mistakes without ego intervention. Discomfort and profit go hand in hand.

[11:41] {Threei} sounds familiar...

[11:42] {Threei} I have read it somewhere

[11:42] {Moose} !

[11:42] {dino} in the zone?

06[11:42] * Threei slaps dino around a bit with a large book of Techniques of Tape Reading

[11:42] {strider} But this board of nails is a little excessive. Do all newbies in the room have to use it?

[11:42] {dino} busting you buddy

[11:42] {BillyD} lol

[11:42] {Threei} :)

[11:43] {BillyD} Vad, did you write TTR before the Zone?

[11:43] {Threei} hmmm

[11:43] {Threei} I don't remember... gotta look what year Zone was published

[11:43] {larisa} discomfort and profit.. pain and loss.. can we ever be happy at work ? :)

[11:44] {BillyD} 2000

[11:44] {dino} nvo

[11:44] {strider} long STEC .76

[11:44] {Threei} my copy is 2001... so TTR was mostlywritten

[11:45] {strider} out +.08

[11:46] {Threei} not taking any chances eh

[11:46] {strider} stretchy candle scared me

[11:46] {Threei} and volume spike

[11:48] {BillyD} have confession Vad

[11:49] {strider} uh-oh.

[11:49] {BillyD} took NVAx this morning on .50 break

[11:49] {BillyD} only to be denied once again

[11:49] {BillyD} with same thoughts of "what am I doing in this stock"

[11:49] {Threei} no kidding

[11:50] {BillyD} denied by couple pennies of winning trade

[11:50] {dino} acl nonstop

[11:50] {Moose} i'm thinking that one could almost make a living just trading FAS and FAZ

[11:50] {Threei} it wasn't much of a player on most of it swine flu news when swine flu was a future threat

[11:50] {nemo} cat on the edge again

[11:50] {strider} no news on acl

[11:50] {BillyD} the risk was .10 as low of day

[11:50] {nemo} I'll go for coffee...should trigger

[11:52] {Threei} what do you want from it nemo? }16 as shor trigger?

[11:52] {Threei} short

[11:52] {Threei} GM Chairman Lutz: GM is poised to be profitable in "anything close" to a normal market

[11:52] {BillyD} lol

[11:52] {Threei} Notes GM management was surprised by CEO Henderson's decision to step down.

[11:52] {Threei} huh?

[11:53] {Threei} wasn't he "fired" by autobuilder-in-chief?

[11:53] {Moose} bbl

[11:55] {strider} dbl top, moose?

[11:55] {Threei} market looks breakdownish

[11:55] {dino} yes

[11:55] {Threei} and CAT triues to follow

[11:56] {strider} double bubble?

[11:56] {Threei} anyone takes this short, stop is around .30

[11:57] {strider} acl, wow...moves in dollars

[11:57] {Threei} look at its spread

[11:58] {strider} yeah.

[11:58] {strider} That's why dino like it. :)

[11:58] {nemo} dino flosses with barbed wire

[11:58] {Threei} CAT works

[11:58] {Threei} a bit too slow for CAT...

[11:59] {nemo} hah, I went for coffee...what I tell ya'

[11:59] {Les} so why did you go for coffee?

[11:59] {nemo} needed a cup...expensive cup

[11:59] {nemo} well, maybe

[12:00] {nemo} .07 is support for cat

[12:00] {nemo} pivot support that is

[12:01] {strider} folken, I gotta go....

[12:01] {strider} I'll leave acl to you.

[12:01] {BillyD} cya ST

[12:01] {strider} a la manana.

[12:01] {strider} or banana

[12:01] {Threei} take care strider

[12:01] {strider} :)

[12:07] {dino} later stride

[12:08] {Threei} over 1:1 CAT

[12:08] {BillyD} RIMM in its own world today

[12:10] {nemo} aig at resistance

[12:11] {dino} cat to .00, thks 3i

[12:12] {Threei} credits to les and nemo

[12:12] {Threei} I just provided running commentary

[12:12] {dino} alrighty then thx les, cosmo

[12:12] {nemo} yeah...when I went for coffee it triggered

[12:12] {larisa} lol

[12:12] {dino} took .15

[12:13] {larisa} cosmo is in Tibet

[12:13] {nemo} australia

[12:13] {dino} opps nemo, sorry about that

[12:13] {nemo} seeing the DL

[12:13] {nemo} sorry about what?

[12:13] {larisa} must be the same for real american :)

[12:13] {dino} thx nemo

[12:15] {dino} bstop to .95

[12:15] {BillyD} nice trail dino

[12:15] {dino} to .91

[12:15] {dino} ty

[12:17] {Threei} Just 21% Favor Bernankes Reappointment As Fed Chairman

[12:17] {Threei} throw the bum out

[12:17] {Threei} and abolish the fed while at it

[12:18] {dino} cyber crashed, did my bstop hit?

[12:18] {Threei} no

[12:18] {BillyD} at .83 x .85

[12:18] {dino} ty

[12:19] {Threei} sharp drop now

[12:19] {Threei} .74

[12:19] {nemo} .72 dino

[12:19] {Threei} cover if you can

[12:19] {dino} still not in

[12:19] {dino} cyber issue, other computers working

[12:19] {nemo} call broker

[12:21] {nemo} .67 dino

[12:21] {dino} cov. .70 thru phone, +.45 thx again

[12:21] {Threei} whew

[12:21] {Threei} wtg

[12:21] {nemo} cool

[12:22] {Threei} would be a real shame to run into sharp bounce and let such nice one evaporate

[12:22] {nemo} better than a sharp stick...huh vad

[12:22] {dino} appreciate the updates and call, fl

[12:22] {dino} ok, back into trade sys.

[12:22] {Threei} AIG is holding strangely well

[12:24] {Threei} Long Setup: .80 break AIG

[12:24] {Threei} stop under .70

[12:25] {dino} jst drop

[12:25] {Threei} not every day this animal shows setup with just 10 cents risk

[12:25] {Threei} gotta try it when it does

[12:26] {nemo} becomes a fade on failure

[12:26] {dino} acl spikes again

[12:30] {Threei} let's trail to under .75

[12:30] {Threei} a bit too long stall

[12:39] {ese} st.......was on the phone to the czeck republic....yup i'm still in kerx....stop is .84 just gonna let it ride

[12:40] {ese} czech

[12:40] {ilana} suspiciously slow, aig

[12:41] {ese} and Belgium

[12:42] {nemo} lunch time

[12:42] {ilana} i knew you would say it :-)

[12:43] {dino} acl sm s ..20 ave risky

[12:43] {ilana} wow, if you say risky, it must be a hell

[12:44] {dino} lol, .17 spread

[12:45] {Threei} 1"1

[12:46] {Threei} 1:2

[12:46] {Threei} me out

[12:46] {Threei} thank you AIG

[12:46] {dino} gj

[12:48] {Threei} that's 4 for 4

[12:48] {dino} smokin'

[12:48] {Threei} had bad day yesterday dino

[12:48] {Threei} just digging my way back

[12:49] {dino} cov acl .88

[12:49] {dino} 155.88 that is wow!

[12:50] {dino} +3.32

[12:50] {dino} lucky

[12:50] {Threei} wtg

06[12:50] * nemo slaps dino around a bit with a large roll of cash

[12:50] {ilana} gj!

[12:50] {dino} thing collapsed

[12:54] {patience} .

[12:56] {ilana} WFC .45 break?

[12:57] {nemo} hard to tell, chart right though, volume characteristics iffy

[12:57] {ilana} plus the lunch time...

[12:57] {nemo} hey! that's my line...

[12:58] {ilana} i just borrowed it, ok

[12:58] {nemo} life is plagiarism

[12:58] {BillyD} play nice nemo

[12:58] {Threei} that's why I love living I guess

[12:58] {nemo} I was watching cat for .85 abreak but volume weird

[13:02] {dino} acl bounces again

[13:07] {BillyD} gern stem

[13:09] {Moose} lol... there was just an ad above on Mibbit about catching plagiarism

[13:10] {Moose} timely

[13:11] {Threei} it's not mibbit Moose

[13:11] {Moose} :D

[13:11] {Threei} it's me

[13:11] {dino} i see it

[13:11] {Moose} lol ic

06[13:11] * nemo slaps Moose around a bit with a large trout

[13:11] {Threei} [12:58] {nemo} life is plagiarism

[13:11] {Threei} [12:58] {BillyD} play nice nemo

[13:11] {Threei} [12:58] {Threei} that's why I love living I guess

[13:11] {Threei} this exzchange moved me to come up with that :)

[13:11] {dino} acl crazy again

[13:11] {Moose} ahhh ic

[13:11] {Moose} :O

[13:11] {nemo} didn't notice billy's comment...play nice? what's wrong with that?

[13:12] {Threei} nothing, Billy just still has this illusion that you can be reigned

[13:12] {BillyD} you are getting slow

[13:12] {Threei} a few more months and he will make his peace with the fact that you are incorrigible

[13:12] {BillyD} lol

[13:13] {Threei} after all, he gave up on me, didn't he

[13:13] {nemo} no, I subconsciously don't pay attention to you

[13:14] {BillyD} you are right vad, he won't behave

[13:14] {BillyD} I accept it

[13:15] {Threei} I did

[13:15] {Threei} and my life became easier

[13:15] {Threei} and I am all for "make your life simpler"

[13:15] {BillyD} feeling more peaceful already

[13:16] {nemo} now we can't have that

[13:17] {ilana} 1:1 WFC

[13:17] {Threei} :)

[13:18] {Threei} btw on WFC

[13:18] {Threei} where did you enter it Ilana?

[13:18] {ilana} .45

[13:19] {Threei} ok, little comment:

[13:19] {Threei} look at its chart starting from it's bottoming around 12:22,

[13:19] {Threei} see this ladder withing an ascending channel?

[13:20] {ilana} yes

[13:20] {Threei} it did two such moves before it got your attention

[13:20] {Threei} and when it starts uptrending like this,

[13:20] {Threei} the best entry is off lower envelop of this ascending channel

[13:20] {Threei} with exit into higher envelop

[13:20] {ilana} .40?

[13:20] {ilana} entry

[13:21] {Threei} in this case it means, your best entry was on plullback to .40

[13:21] {Threei} right

[13:21] {Threei} around 13:06 - 13:08

[13:21] {ilana} k thx

[13:21] {Threei} smaller stop, better reward

[13:21] {nemo} yeah, volume wasn't giving an idication of what was happening

[13:22] {Threei} right, and I hate breakouts when the pace is so evenly distributed'

[13:22] {nemo} ty

[13:22] {ilana} r u ok nemo?

[13:23] {nemo} o.k. I'll bite...why do you ask ilana?

[13:23] {ilana} being out of your image

[13:24] {Threei} lol

[13:24] {nemo} I say thank you...especially after you let me knaw on your arm for a while

[13:24] {BillyD} rflol

[13:24] {ilana} lol

06[13:24] * nemo thinks he should give up the coffee

[13:25] {ilana} anytime

[13:25] {nemo} too far away I'm sure

[13:25] {nemo} besides, they only let me out for a couple of hours each day

[13:26] {ilana} at lunch time i guess

[13:26] {ilana} that's you fav one

[13:27] {nemo} seed doing the same thing it did yesterday, dance in a range for most of the day

[13:28] {nemo} looking at Qs and spy, are we getting bear flags, or?

[13:28] {ilana} why do you hate evenly distributed pace, Vad?

[13:29] {nemo} can't read it

[13:29] {nemo} when you were looking at that C&H I was looking for volume pattern to confirm the C&H and the break you were looking for. It wasn't there

[13:29] {Threei} when the pace changes from upward to downward move, I can get rythm

[13:30] {Threei} and I can undertand which direction is favored

[13:30] {Threei} when it's just steady up and down with the same volume/pace, it's too random

[13:30] {ilana} i see

[13:30] {nemo} ilana, copy and paste that chart and save it

[13:31] {ilana} a little paradox but true

[13:31] {ilana} what chart nemo?

[13:31] {nemo} next time I see a good example of C&H volume pattern or pullback volume pattern confirming a break, I'll point it out

[13:31] {nemo} wfc

[13:31] {ilana} ok

[13:33] {ilana} where did you see C&H on WFC chart when i posted it?

[13:34] {nemo} it wasn't perfect, but you could make the argument for 12:32 to 12:59

[13:35] {ilana} oh ok, didn't refer to it as C&H, just resistane break

[13:36] {nemo} yes, but the pull back still should have shown a pullback and then a rise in volume toward the breakout point

[13:37] {nemo} you actually had a drop in volume which is a non-confimration

[13:51] {Les} vad, comments you made to Ilana vis a vis WFC trade earlier. does this apply to DRYS this morning?

[13:53] {Threei} well, DRYS was simply a matter of breaking first resistance as a trigger

[13:53] {Threei} vs waiting for some reason for another resistance

[13:53] {Threei} look it this way:

[13:54] {Threei} yeasterday's high on DRYS and today's first morning range showed .40 as a trigger

[13:54] {Threei} that became an etry

[13:54] {Threei} entry

[13:54] {Threei} what is the point of waiting for it to form another range, .40 - .45, and buying .45 break?

[13:55] {larisa} when you posted this morning my quote showed .44 on DRYS already. Not sure if it was my quotes or your MIRC

[13:56] {larisa} or my MIRC or your quotes :)

[13:56] {Les} well in your book entering at the lower end of the envelope is an aggressive trade

[13:56] {Threei} I talked about .40 earlier,

[13:56] {larisa} missed it then

[13:56] {Threei} at the moment of question I didn't look at it, was busy with something else,

[13:56] {Les} but here I read of caveat that "when the stock is uptrending"

[13:56] {Threei} but it did pull back to .40

[13:57] {Les} so one can be a little more aggressive in an uptrend?

[13:57] {Threei} wait a second

[13:57] {Threei} stock broke .40,

[13:57] {Threei} which was an origanl tyrigger,

[13:57] {Threei} then aftet moving up pulled back to .40

[13:57] {Threei} that's not agressive entry

[13:58] {Threei} that's conservative entry

[13:58] {ese} gonna hit the trail.......see ya tomorow

[13:58] {Threei} take care ese

[13:58] {ese} still L kerx

[13:58] {ese} see ya vad

[13:58] {Threei} but without regard to this particular trade yes, in a strong uptrending environment aggresive entries often prove the best

[13:59] {Les} missed several trades today as trending environment enabled stock to jump over entry point

[13:59] {Threei} ATHR was easy to get

[13:59] {Threei} it sat around .02 long enough fore entry

[13:59] {Les} that i wasn't following unfortunately

[14:00] {Les} I chose that loser DRYS instead

[14:00] {Threei} and even DRYS was winner...

[14:00] {Les} hmmm

[14:00] {Threei} FED'S BEIGE BOOK: BANKS FELT ECONOMIC CONDITIONS IMPROVED MODESTLY

[14:01] {Threei} US) Fed's Lacker: US fiscal deficit is a huge challenge, Fed will not allow inflation to rise in order to reduce deficit

[14:01] {Threei} wow... those are fighting words

[14:01] {Threei} dino, do you believe him?

[14:01] {nemo} liar

[14:01] {dino} no

[14:01] {dino} inflation is the only way out, imo

[14:02] {nemo} no it isn't

[14:02] {dino} ?

[14:02] {nemo} default

[14:02] {Les} touché

[14:03] {dino} well, devaluation and inflation will be less painful

[14:03] {nemo} wow, accent and everything

[14:03] {nemo} oh, and they care about the serfs

[14:03] {Les} http://www.thedailycrux.com/content/3455/Porter_Stansberry

[14:04] {Les} don't have accents on English language keyboards?

[14:05] {nemo} no

[14:05] {BillyD} Vad, WFC short idea?, it seems not consistent w/ my memory on standard setups working at good %

[14:06] {BillyD} lately

[14:06] {Les} I'll text santa to send you a swiss logitech keyboard nemo

[14:06] {Les} WFC vad. b/d from here?

[14:06] {Les} .30 trigger

[14:06] {Les} ?

[14:06] {Threei} nor right away

[14:07] {Threei} need little bounce, then break

[14:08] {Threei} ideally, forming inverted C&H

[14:08] {BillyD} ASIA on my radar for 2 days now, w/ low volume and range hard to be convinced to enter

[14:08] {nemo} mon tempting short

[14:09] {nemo} vwap at .70 though

[14:15] {nemo} yeah, that .70 area a bit too important

[14:15] {dino} tsl

[14:15] {nemo} there's your jbe

[14:16] {Les} handle forming on WFC

[14:16] {Threei} .35 resistance so far

[14:21] {nemo} wf, looking long now

[14:21] {nemo} wfc

[14:22] {nemo} holding well against the market

[14:23] {Threei} market doesn't really do anything

[14:23] {Threei} 4 points NW move?

[14:23] {Threei} NQ

[14:23] {nemo} yeah, but that last drop wfc strengthened

[14:27] {BillyD} out WFC -.07

[14:27] {dino} jst sm l .75

[14:31] {Threei} oh my god

[14:31] {nemo} for you to say that...sheesh

[14:31] {Threei} let me go puke, then I'll post it

[14:31] {nemo} he's on tv again

[14:32] {Threei} here:

[14:32] {Threei} (US) White House: President Obama has asked economic team to "do whatever possible" to create conditions that encourage hiring

[14:32] {nemo} oh no...

[14:32] {Les} good soundbit

[14:32] {Les} soundbite

[14:33] {nemo} seed crashing

[14:33] {Threei} I can't make my choice between "no clue" and "I give up, I have no idea what to do"

[14:33] {ilana} isn't it the same?

[14:33] {Threei} well, have to describe that soundbite somehow

[14:34] {Threei} "someone do something!"

[14:34] {Threei} no news SEEF

[14:34] {Threei} SEED

[14:34] {dino} pretty basic what needs to be done

[14:34] {Threei} cut frigin taxes

[14:34] {Threei} create financial room for businesses to hire

[14:34] {nemo} anybody find it interesting that last week the fed talked about testing that reverse repo system, then Plosser talked about having to raise interest rates, then the leveraged etf's getting the leveraged pulled out of them

[14:35] {Threei} they are trying to jawbone the dollar

[14:35] {nemo} well #2 yes

[14:35] {nemo} numbers 1 and 3...something else

[14:35] {Threei} #1 too

[14:35] {Threei} sucking out liquidity

[14:35] {dino} right 3i

[14:36] {nemo} kinda' but, they start that, market goes down the sh%$!!er

[14:36] {Threei} yes,

[14:36] {nemo} and everybody hops on the leveraged shorts

[14:36] {Threei} so they are trying to do it sopftly,

[14:36] {Les} yeh but Obama needs to be elected when?

[14:36] {nemo} yeah, it's starting sooner than we think

[14:36] {Les} 2012?

[14:36] {nemo} 2012

[14:36] {Les} suck it out now

[14:36] {nemo} we'll all be dead

[14:36] {Les} reinject it 2011

[14:36] {nemo} right after election day

[14:36] {Threei} if jawboning succeeds, it will have much less effect than actrual implementation of measures

[14:37] {nemo} jawboning isn't working anymore, especially when you have multiple trillions to refinance

[14:37] {Les} so obama jawbones for the public

[14:37] {Threei} (US) Fed's Lacker: Looking for "well established" growth before tightening rates, real interest rates clearly need to rise

[14:37] {Threei} - Tightening is more about the expected pace of growth

[14:37] {Threei} - Exit strategy should start with asset sales

[14:37] {Threei} - Sees value in getting the Fed out of the housing market

[14:38] {Les} while the fed pulls the switch

[14:38] {Les} on this economy

[14:40] {fernp} im back. good day today?

[14:40] {fernp} scrolling up, I only see one official call on AIG

[14:40] {nemo} 4 for 4

[14:40] {fernp} nice

[14:40] {Threei} most of them were in running comentary

[14:41] {Threei} not leaving me time to type the script

[14:41] {fernp} i will read tonight

[14:42] {Les} WFC coming back to support

[14:42] {Les} that ugly handle qualify WFC as C&H?

[14:42] {nemo} crissakes Les, you see C&H in everything?

[14:43] {Les} belt up

[14:43] {Les} :) i mean that in a nice way

[14:43] {nemo} I don't take it that way

[14:43] {Les} WFC was rounding out its cup nicely. Wondering if handle is valid or is that too far removed from cup?

[14:44] {Les} it has bounced as Vad was looking for

[14:44] {nemo} Les...did I ever tell you about my Disgruntled Postal Worker Fantasy List?

[14:44] {Les} ain't I already on it?

[14:44] {nemo} nice one

[14:45] {nemo} actually no, as a Swiss citizen you are required by law to have an automatic weapon on the premises...I'll skip you

[14:45] {Threei} wrong sequence les

[14:45] {Threei} you don't get on that list

[14:45] {Threei} by default weveryone is on it,

[14:45] {Threei} you can either remain on it on get off of it

[14:45] {nemo} I thought that was DP's list?

[14:46] {Les} oh right I get it

[14:46] {Les} nemo is disgruntled postal worker

[14:46] {nemo} Actually Vad, if I do it that way, I'll have to get warheads

[14:46] {Les} lol

[14:46] {BillyD} notuse to GERN maintaining its gain

[14:47] {Les} sorry, office massacres not part of swiss culture. didn't understand the joke

[14:47] {Les} or should I take Nemo in all seriousness?

[14:48] {nemo} oh sorry, cross-cultural nuance

[14:48] {nemo} no...nobody else does

[14:49] {Threei} I don't believe GERN Billy

[14:49] {larisa} i try to see good in everybody.. you can train yourself to do that.. hard but possible

[14:49] {BillyD} too many memories vad

[14:49] {Threei} serial disappointer

[14:49] {nemo} Oh I see the good...then...I just ignore it

[14:50] {BillyD} yes, but if takes .20 with daily it is compelling

[14:50] {Threei} larisa... can I guess who you are having molst troubles with? {G}

[14:50] {nemo} sure

[14:50] {larisa} you will be wrong :)

[14:50] {nemo} who you talking to Larisa?

[14:51] {larisa} answering vad :)

[14:51] {nemo} mos very strong today

[14:53] {BillyD} unless SOMX gets electric shock, it's not gonna make an eod run

[14:53] {BillyD} it has pending FDA approval or disapproval for friday

[14:54] {dino} pot too

[14:55] {nemo} yeah

[14:58] {dino} mos

[14:58] {dino} whole group is running

[14:58] {nemo} mon related, been running for a month

[15:01] {nemo} mos momo

[15:10] {nemo} look at the day long downward wedge on fcx

[15:12] {Moose} no i'm not

[15:12] {Les} yes you are

[15:12] {Moose} heh

[15:13] {Les} hmm would like to short fcx overnight, but who knows where market is tomorrow?

[15:13] {nemo} you have a macd divergence les

[15:13] {BillyD} SQNM news Vad?

[15:13] {Threei} why woud tou want to keep it short overnight?

[15:14] {nemo} his middle name is Soros?

[15:14] {Threei} rumors Billy

[15:14] {Threei} Sequenom, Inc Ticking higher; hearing vague chatter company could announce a resolution to its mishandled test data issues from April

[15:14] {Threei} - Note: SQNM delayed launch of SEQureDx Trisomy 21 Test on 4/29 due to information an employee mishandled test data and results

[15:14] {BillyD} TY

[15:15] {Threei} keeping half eye on NANO

[15:16] {Threei} trying to see whether it has a chance to go alive again

[15:17] {ilana} .35 break?

[15:18] {Threei} I doubt it has any technicals behind it

[15:18] {Threei} until someone shows me how to use technicals on momos :)

[15:18] {nemo} np

[15:18] {BillyD} yeah, if anything I would take .30, pray and keep .10 stop

[15:18] {ilana} isn't it db on 5 in chart with resistance at .35?

[15:19] {nemo} throw out structure on momos ilana

[15:19] {Threei} it sure is... but the point is, they do not obey these formations

[15:20] {Threei} they are easily break, drop under support, spike over resistance and take your stops in all directions if you try to play standard formations

[15:20] {ilana} why is it momo

[15:20] {nemo} moves fast without technicals

[15:20] {nemo} gotta' read T&S

[15:21] {Threei} why does it become a momo, orhow to tell the momo?

[15:21] {nemo} why? what why?

[15:21] {ilana} you mean this morning?

[15:21] {Threei} yes

[15:24] {Threei} daily chart SQNM... 4.50 is important resistance to break

[15:24] {nemo} wow, yeah

[15:25] {nemo} lotta' confluence there

[15:27] {Threei} I like the chart,

[15:27] {Threei} I like the gaop above resistance to fill,

[15:27] {Threei} what I don't like is rumors-based movement

[15:27] {Threei} don't know guys, discretionary thing

[15:27] {Threei} you likey - tyou takie

[15:28] {nemo} at end of day no less

[15:28] {nemo} where's Mags?

[15:28] {Threei} well, it may come to break tomorrow

[15:28] {Threei} mags decided to sit out all momos

[15:28] {Threei} SEED yesterday, NANO today

[15:28] {Threei} then he will come and cry about nothing to ttrade

[15:29] {nemo} yeah...

[15:29] {nemo} whiney bastid

[15:29] {Threei} and I will secretlt send dino boxes of beer so he puts his elbow in mags rbicage on my behalf

[15:29] {Moose} geeze

[15:29] {nemo} I know I know

[15:29] {nemo} glass houses

[15:32] {nemo} every drunk and his uncle has to be looking at that fcx wedge

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

[15:32] {Threei} - NYSE volume 760M shares, about 17% below its three-month average; advancers lead decliners by 1.4:1.

[15:32] {Threei} - NASDAQ volume 1.74B shares, about 6% below its three-month average; advancers lead decliners by 1.4:1.

[15:32] {Threei} - VIX index -3.1% to just over 21.00

[15:34] {dino} i'll glady accept the beer vad

[15:34] {dino} magoo's still hunting, back friday

[15:34] {Threei} I know... beer AND pleasure of hitting magoo with elbow

[15:34] {dino} bwx

[15:34] {Threei} who could resist

[15:34] {nemo} not me

[15:35] {dino} won't be the first (or last) time

[15:35] {ilana} RIMM

[15:36] {nemo} look at Qs Ilana

[15:37] {ilana} i did

[15:37] {Threei} whe these momo movers finish this close to high, they usxusally gao up next day.. unless something bad hiots the wires overnight

[15:39] {Threei} notice interesting thing guys

[15:39] {Threei} remember how every day would end up with run to the dayu high?

[15:39] {Threei} second day in row today we finish with selloff

[15:40] {Threei} big or not, doesn't matter

[15:40] {Threei} it's a mood changer

[15:40] {larisa} 20 more minutes

[15:41] {Threei} yeah, range is narrow and we still could rally back up

[15:41] {nemo} upward wedge on aig top at 31.16 ramping from open

[15:41] {Threei} but doesn't dfeel like it's going to happen

[15:41] {Les} would like to see greater trend based mood change vad.

[15:41] {Threei} me too

[15:41] {Les} night all

[15:41] {nemo} digesting yesterday Vad

[15:42] {Threei} take care Les

[15:42] {dino} cya les

[15:42] {nemo} les ...

[15:43] {nemo} will still positive for the day

[15:47] {Threei} I can't resist the temtation

[15:47] {Moose} adios amigos

[15:47] {Threei} half lot of NANO

[15:47] {Threei} 13.05

[15:47] {Threei} stop under 12.80

[15:47] {Threei} and intend to hold it

[15:47] {Moose} see yous later

[15:47] {Threei} take vare moose

[15:48] {Threei} unless it goes back to day high today

[15:48] {ilana} overnight?

[15:48] {dino} cya moose

[15:50] {nemo} here's the rally

[15:50] {Threei} ummm

[15:50] {nemo} albeit tepid

[15:50] {Threei} modern rallies are degernerates then, lol

[15:51] {nemo} given the volume today

[15:56] {ilana} take care all

[15:56] {Threei} thank tou all

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {BillyD} cya

[15:56] {nemo} P&Q

[15:56] {larisa} bye :)

[15:57] {dino} cga

[15:57] {dino} cya larisa

[15:58] {larisa} bye dino, welcome back btw :)

[15:58] {dino} thx

[15:59] {dino} ut jst ave .69, -.06

[15:59] {dino} ut=out

[16:02] {dino} thx all, gn

[16:02] {dino} sigm drop

Dec 01 2009

One of those days when things just don't work out. Well, not exactly, some trades work and some don't but at the end of the day stops still outweigh wins.

Session Time: Tue Dec 01 00:00:00 2009

[07:12] {Threei} 06:38 NVAX Piper Jaffray Initiates NVAX with Buy, price target: $4.50

[08:02] {Threei} SVA Obtains 4th order from Chineses Govt (7.40, 0.00, 0.00%)

[08:02] {Threei} SEED, ever the ball of fire

[08:16] {Threei} BLTXX Baltic Dry Bulk Index: falls just over 1% (8th straight decline

[08:17] {nemo} morning comrades

[08:21] {Threei} nemo :)

[08:21] {strider} FITB upgrade

[08:21] {Threei} 06:26 FITB CitiGroup Raised FITB to Buy from Hold, price target: $13

[08:21] {nemo} wow, Japan launched gold

[08:22] {Threei} another bubble in the making

[08:23] {nemo} Frankly, i think the world economy is a bubble in the making, and when it pops...well, I have no aphorism for it

[08:31] {Threei} and SEED continues

[08:31] {Moose} gm all

[08:31] {Threei} moose :)

[08:32] {Moose} :D

[08:32] {nemo} well, everything has jumped on the Japan news

[08:33] {Threei} CPST Signs $1.8 Million in New Long-Term Service Contracts; Service Backlog Increases to Over $17 Million (1.27, 0.00, 0.00%)

[08:34] {nemo} blast from...well...recent past...a whole $17 million backlog...wow

[08:35] {Threei} it used to be a player

[08:35] {Threei} now it's so pennyish

[08:35] {nemo} yep...had quite a run

[08:36] {strider} ovti

[08:37] {nemo} aig up almost $2

[08:38] {strider} IOC

[08:38] {nemo} Olympic Committee?

[08:39] {strider} Interoil corp

[08:39] {strider} morning nemo:)

[08:39] {nemo} yes...just playing my part..yuk yuk

[08:39] {nemo} strider :)

[08:39] {nemo} kinda' comes naturally, actually

[08:41] {strider} I figgered

[08:48] {ese} morning.........

[08:49] {nemo} dude

[08:49] {ese} dude

[08:50] {ese} hows the weather on the east coast nemo?

[08:51] {ese} stopped raining for the first time in a bloody month yesterday

[08:51] {ese} here

[08:51] {ese} started wishing for snow and sunshine

[08:52] {Threei} ese :)

[08:53] {ese} morning vad......almost a day without rain yesterday

[08:53] {Threei} actually, second in a row

[08:53] {Threei} my palm tree finally ca dry out a little

[08:54] {ese} not in oak bay.....we got drizzled in the morning

[08:54] {ese} didn't know you have a palm tree.....we got one too

[08:54] {Threei} well, we had such a fantastic stretch of a summer

[08:54] {Threei} payback was coming

[08:54] {ese} lol

[08:57] {Threei} btw ese, needham likes you

[08:57] {Threei} 06:39 ESE Needham Initiates ESE with Buy, price target: $38

[08:57] {ese} well how bout that........

[08:58] {ese} up .45 to boot

[08:59] {fernp} Good morning everybody

[08:59] {strider} morning all

[08:59] {Threei} fern, strider :)

[08:59] {Threei} fern, how was the movie?

[09:00] {strider} vad:)

[09:00] {ese} ST fern

[09:00] {fernp} I didn't like it

[09:00] {strider} ese:)

[09:00] {Threei} warned you... :)

[09:00] {fernp} was always the same...

[09:01] {ese} what was the movie

[09:02] {Threei} 2012

[09:02] {fernp} 2012

[09:02] {ese} hmmmmmmm

[09:05] {ese} don't forget to open up your trading advent calendars everyone.......should be a good trade or 2 in there today

[09:06] {fernp} Im long FITB from yesterday at 9.95

[09:06] {Threei} nice!

[09:06] {fernp} :-)

[09:06] {ese} i'm thinking hban or fitb

[09:06] {strider} good deal fern

[09:06] {Threei} you knew about Japan overnighjt announcement...

[09:06] {ese} nice one fern

[09:07] {ese} 60k fern?

[09:07] {fernp} 500

[09:07] {ese} haven't seen that yet vad....whats the announcement

[09:08] {Threei} essentially, they debase their currency in the same way US does

[09:09] {ese} hmmm hows that?

[09:09] {Threei} VNDA $200M payment triggered from Novartis due to anti trust approval for Fanapt

[09:09] {Threei} - waiting period has expired under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 wi... (10.56, 0.00, 0.00%) more... (related NVS )

[09:10] {Threei} the Bank of Japan emergency meeting resulted in a decision to print Yen in hopes of weakening it

[09:11] {nemo} that's the strategy, fiat world, get everybody to debase...screw the citizens, and pay your sovereign debts

[09:11] {ese} you following anything this morning vad

[09:11] {Threei} SEED

[09:11] {Threei} FITB

[09:11] {Threei} AIG

[09:11] {Threei} NVAX

[09:11] {ese} tks

[09:12] {Threei} keeping an eye on HIG, to see if it becomes a player again

[09:13] {ese} seed is very interesting......the news is not stellar.......whats driving that thing.....greed

[09:13] {BillyD} GM everyone

[09:13] {Threei} turned into toy for traders

[09:13] {Moose} seed greed

[09:13] {Threei} it's no longer about company

[09:13] {Threei} it's about who outsmarts who

[09:13] {nemo} nice moose

[09:13] {ese} billy

[09:14] {BillyD} true Vad

[09:14] {Moose} brb

[09:14] {ese} interesting way to look at that

[09:16] {larisa} gm

[09:16] {Threei} larisa :)

[09:17] {larisa} vad :)

[09:17] {nemo} lari :)

[09:17] {larisa} nemo :)

[09:17] {ese} laris

[09:18] {larisa} hi ese

[09:19] {Threei} SEED retreats

[09:20] {ese} things went negative all of a sudden.....what happened there

[09:20] {Threei} nothing really

[09:20] {Threei} just little pullback

[09:21] {ese} now that was interesting......screens are green.....then white to red...everything......

[09:22] {ese} now back to green

[09:22] {Threei} must be quotes fluke

[09:22] {Threei} nothing like that here

[09:22] {ese} or something....

[09:22] {lasertrev} morning

[09:23] {Threei} trev :)

[09:23] {ese} LT

[09:24] {BillyD} Vad, thinking possible QLTI continuation

[09:24] {BillyD} over 5

[09:25] {Threei} I'd like to see some consolidation first

[09:25] {Threei} need clearly defined stop level

[09:26] {BillyD} .90 would be from yesterday

[09:26] {BillyD} we'll see

[09:26] {Moose} AIG moose dropping

[09:26] {nemo} moose droppings?

[09:26] {Moose} slammed

[09:28] {Moose} nemo.. sorry, AIG dropped like .60 in a blink

[09:28] {Moose} or more

[09:28] {nemo} yes I seee...your phrasing caught me by surprise

[09:28] {Moose} lol

[09:29] {ese} i like that phrasing

[09:29] {fernp} at 10:00am a lot of numbers

[09:30] {Threei} 10:00 Nov ISM Manufacturing (last 55.7), Nov ISM Prices Paid (last 65), Oct Construction Spending m/m (last 0.8%), Oct Pending Home Sales (last m/m 6.1%, y/y 19.8%)

[09:31] {Threei} (UK) BOE's Posen: To use taxes to curb bubble in house prices; Targeting assets with monetary policy will not work

[09:31] {Threei} bubble in house prices?

[09:31] {nemo} they see bubbles everywhere

[09:32] {Threei} SEED, pullback should come now

[09:32] {Threei} AIG like a rock

[09:33] {Moose} thats Prudential :)

[09:33] {strider} long aig .13

06[09:33] * nemo slaps Moose around a bit with a large trout

[09:34] {nemo} nice strider

[09:34] {strider} fly on the wall reported an erroneous downgrade announced by CNBC

[09:35] {Threei} I hate to do it but

[09:35] {Threei} Long Setup: SEED .50 break

[09:35] {Threei} half ot

[09:35] {Threei} strop under .30

[09:36] {Threei} no worky

[09:36] {fernp} out

[09:36] {BillyD} it's deceiving Vad

[09:36] {Threei} still pullback stock, not a breakout

[09:36] {Threei} but really looked like this time was going to work

[09:37] {BillyD} agree

[09:37] {strider} seed out -.29

[09:38] {strider} AIG out +.67

[09:38] {ese} L rimm .96

[09:38] {Threei} nice AIG

[09:38] {strider} thanks.

[09:39] {Moose} geeze AIG nutzo

[09:40] {BillyD} look at the spike tails on SEED

[09:40] {BillyD} all over the plavce

[09:40] {nemo} look at the triangle on fcx

[09:41] {Threei} Short Setup: WFC 28 if stays under 28.10

[09:41] {ese} stopped rimm .84 -.12

[09:42] {ese} don't know how mags does it with that stock

[09:42] {Threei} NUVA... grrr

[09:43] {Threei} missed short alert earlier, just watching it dropping

[09:43] {nemo} frig...I had the support line break on that

[09:43] {BillyD} CAT short possibly

[09:44] {fernp} WFC still valid, no?

[09:44] {Threei} if bounces off 28 and stays under .10 this time, yes

[09:44] {fernp} ok

[09:44] {Threei} right away, not sure

[09:44] {Threei} can turn a trap easily

[09:46] {Threei} valid now

[09:46] {Threei} 28 break

[09:48] {Threei} Long Setup: RIMM59 break if holding above .90

[09:48] {Threei} Long Setup: RIMM 59 break if holding above .90

[09:49] {ese} l uaua pullback .02

[09:50] {strider} in .02

[09:50] {Moose} me too .02

[09:50] {Threei} RIMM 1:1

[09:51] {fernp} missed rimm

[09:51] {Moose} out RIMM +.10

[09:51] {Threei} WFC stopped

[09:51] {fernp} and stopped WFC

[09:52] {strider} out RIMM +.11

[09:53] {Moose} guess we were too hasty on exit

[09:54] {strider} I sure was.

[09:54] {ese} no....that thing reverses in a heart beat

[09:54] {strider} on RIMM

[09:55] {Threei} watching HIG for pullback with possible entry around .60

[09:56] {Threei} will try to alert in time, keep finger on the trigger if it drops close to .60

[09:57] {Threei} break of .75 is a valid trade if market spikes... just not what worked on HIG lately

[09:57] {strider} numbers may affect it.....2 minutes.

[09:58] {Threei} yeah

[09:58] {Threei} let's wait them out

[09:58] {Threei} ty for reminder

[09:58] {strider} :)

[10:00] {Threei} *OCT PENDING HOME SALES (M/M): +3.7% V -1.0%E; (Y/Y): +28.6% V 19.8% PRIOR

[10:00] {Threei} NOV ISM MANUFACTURING INDEX: 53.6 V 55.0E; PRICES PAID: 55.0 V 65.0E

[10:00] {Threei} OCT CONSTRUCTION SPENDING (M/M): 0.0% V -0.5%E

[10:01] {ese} uaua fighting market reversal.....i like that in a stock....

[10:01] {Threei} weird reaction

[10:01] {Threei} hesitated on HIG .60 entry because of it

[10:02] {Threei} look at the precision of bounce

[10:02] {fernp} LOW consolidating hod

[10:02] {nemo} how's the shoulder

[10:02] {Threei} useless

[10:02] {strider} out HIG +.10

[10:02] {Threei} if I bought it... would be different matter

[10:03] {Threei} lol... good job

06[10:03] * nemo slaps strider around a bit with a large roll of cash

[10:03] {strider} in at .63 as numbers were being read.

[10:03] {strider} yeah I made a pile on that.......1/4 lot.

[10:03] {nemo} don't forget aig

[10:03] {Threei} so as I was out of commission copying and pasting them...

[10:04] {nemo} yeah, strideball took advantage...profit sharing time

[10:04] {Threei} HIG is holdiong vert well near .75 so far

[10:04] {strider} 1/4 lot there, too.....but I'm back in the green anyway.

[10:04] {Threei} better than poke in the eye

[10:04] {strider} absolutely.

[10:04] {ese} uaua stop is .97

[10:05] {nemo} Who was that king that got killed jousting when he got a Lance in the eye?

[10:05] {nemo} Henry II?

[10:06] {strider} yes.

[10:06] {Moose} extra eye very handy

[10:08] {BillyD} OPTT

[10:10] {strider} AMZN wacko today...

[10:12] {ese} stopped uaua .98 -.05

[10:12] {nemo} tricky tuesday

[10:12] {ese} soooooooo it's gonna be one of those type of days is it

[10:15] {fernp} and WFC aggressivily short here, Vad?

[10:15] {Threei} really looks like short to me

[10:16] {Threei} but these market jumps are ruining norla setups

[10:16] {nemo} it's a conspiracy

[10:16] {Threei} lol

[10:16] {Threei} must be

[10:17] {Moose} AIG scalpie +.08

[10:18] {ese} beginning of the "seed slide maybe

[10:18] {Moose} AIG active again

[10:20] {ese} uaua....hense the reason for well placed stops

[10:22] {fernp} shorted a ridiculous lot at 27.98 and covering here +.10

[10:23] {Threei} ridiculous lot - 13 shares?

[10:23] {nemo} ridiculously big, or ridiculously small?

[10:24] {fernp} 100

[10:24] {ese} what did you short fern?

[10:24] {fernp} wfc

[10:25] {Threei} sheesh... is it a dream or wat

[10:25] {Threei} AIG breakout worked

[10:26] {Threei} this is something I haven;t seen in quite a while

[10:26] {Threei} didn't want even to think of calling it

[10:26] {Moose} i walked away and missed it

[10:26] {ese} hig vad ...thoughts any

[10:27] {BillyD} I got 200 shares of AIG .51 and sold .65 & .68

[10:27] {ese} nice billy

[10:27] {BillyD} yes, but my stops at larger shares :)

[10:27] {BillyD} ty though

[10:28] {Threei} wtg Billy

[10:28] {fernp} gj Billy

[10:28] {BillyD} thx

[10:28] {strider} vad, OVTI?

[10:29] {Threei} thinking .40 break?

[10:29] {strider} actually thinking bear flag and short

[10:30] {Threei} .35 breakdown then

[10:30] {Threei} if stays under .40

[10:30] {strider} thx

[10:30] {ese} l hig .69

[10:30] {Threei} FITB

[10:30] {Threei} Long Setup: FITB .15 break if stays above .10

[10:32] {nemo} in

[10:32] {strider} in .16

[10:32] {strider} should have waited.

[10:33] {nemo} aig, sheesh

[10:33] {Moose} yeah

[10:33] {Moose} was just on CNBC

[10:33] {nemo} what

[10:33] {Moose} AIG

[10:33] {nemo} oh

[10:34] {Moose} mentioned that AIG had payed back money prior to spin off or something

[10:34] {nemo} the energy trading part?

[10:34] {Moose} no clue

[10:34] {Moose} CNBC is mostly noise to me

[10:35] {Moose} and annoying

[10:35] {nemo} now fitb is trading by appointment

[10:37] {Threei} it usually is

[10:37] {Threei} it's not AIG by any means

[10:37] {nemo} where's ese on this one?

[10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:40] {ese} ya know what....what the H am i thinking today....out hig .71 +.02

[10:41] {ese} i have .11 in hig and i let it ride....i have to be out of my friggin mind

[10:41] {ese} watching it go up and dn

[10:42] {Moose} another AIG scalp +.13

[10:42] {ese} done for the day all until i get my act together

[10:42] {Threei} I have to aree with magoo... AIG looks capable of big run

[10:42] {nemo} magoo's not here, Vad

[10:42] {ese} just watchin from here on in..........destructive thought process goin on

[10:43] {Threei} 10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:43] {nemo} out fitb vad?

[10:43] {Threei} if loses .10

[10:45] {Moose} beginning to think waiting on AIG pullback is fruitless

[10:45] {fernp} was thinking the same...

[10:51] {Threei} Short Setup: GLD 117 break

[10:51] {Threei} half lot

[10:51] {Threei} if stays under .10

[10:51] {Threei} actually... stop is small enough for full lot

[10:51] {Threei} sme slippage is possible though

[10:51] {Threei} so 3/4 lot

[10:52] {Threei} aggressive entry maybe better idea

[10:53] {strider} with aggressive entry is stop still at .10?

[10:53] {Threei} a few cents above

[10:55] {ese} more like it in and out rimm .89 to .99

[10:55] {ese} 4k

[10:55] {Threei} gj

[10:55] {Threei} ese taming RIMM

[10:55] {fernp} stopped GLD

[10:56] {fernp} took aggressive entry

[10:56] {ese} naw that was an angry trade.....really ticked at myself for bit this morning

[10:56] {Threei} was wrth a try for a few cents

[10:56] {nemo} yeah, but great setup

[10:56] {ilana} it's time to say it, Vad

[10:57] {Threei} say what?

[10:57] {ilana} "I hate GLD"

[10:57] {Threei} oh

[10:57] {Threei} okay... I do

[10:57] {Threei} but I have hard time finding what I like today, lol

[10:58] {nemo} or what likes you

[10:58] {Threei} that's easy

[10:58] {nemo} sorry

[10:58] {Threei} lol

[10:58] {nemo} well, not really

[10:58] {Threei} very... answer is, not much at best

[10:58] {nemo} doesn't say much for me then :)

[10:59] {Threei} AIG picks up pace again

[11:00] {Threei} shouldn't break this time...

[11:01] {Threei} let's see if we get double top with readable short trigger

[11:01] {Threei} on AIG

[11:01] {nemo} might it take fitb with it?

[11:02] {Threei} I don't think they are connected much

[11:03] {Threei} sigh

[11:03] {Threei} double top and drop is there, trigger is not

[11:05] {BillyD} keep eye on ASIA

[11:05] {ese} l hban .78

[11:07] {ese} l drys avg .23

[11:09] {nemo} DE Vad?

[11:09] {Threei} looks like short to me

[11:09] {Threei} but for some reason everything looks like short to me

[11:10] {BillyD} how tall are you Vad

[11:10] {nemo} fitb didn't

[11:10] {strider} did you grow taller last night?

[11:10] {nemo} hehehehe

[11:11] {Threei} sigh... how did I get myself in this company, lol

[11:11] {Threei} OK, AIG

[11:11] {Threei} if moves somewhere in .60 area, will become a short on bounce

[11:12] {Threei} stop would have to be above .80

[11:12] {nemo} fitb trying for a quasimodo

[11:14] {Threei} {FITB} you... you...

[11:15] {Threei} youy know what

[11:15] {Threei} AIG changed

[11:15] {Threei} .50 break is long trigger

[11:15] {Threei} if stays above .35

[11:15] {Threei} and risky as hell

[11:15] {nemo} magoo's in

[11:15] {Threei} like 5 times already

[11:16] {nemo} yeah...he must be hunting

[11:17] {nemo} DE long here? .10 break, stays above 54?

[11:17] {Threei} probaly

[11:18] {Threei} .09 is nice barrier

[11:18] {Threei} if broken, ashould jump

[11:19] {Threei} jumped

[11:19] {nemo} got buy me and I was order at .12

[11:19] {nemo} bohica

[11:20] {BillyD} same here newmo

[11:20] {fernp} didn't get my fill at .12 DE

[11:20] {nemo} nemo or newman?

[11:20] {BillyD} no, it's newmo

[11:20] {nemo} I feel better, we're all fubar

[11:20] {nemo} great

[11:20] {BillyD} :)

[11:21] {Threei} I got lousy 200 shares at .11

[11:22] {strider} AIG

[11:22] {nemo} I got zero shares at .12

[11:23] {fernp} and what is your stop nemo? lol

06[11:23] * nemo slaps fernp around a bit with a large a box of Techniques of Tape Reading

[11:23] {strider} remember. Let you're winners run.

[11:23] {strider} your

[11:25] {strider} AIG looks like a short, but I don't believe it.

[11:27] {nemo} ty fitb

[11:28] {Threei} {FITB} and you called me ugly

[11:28] {ese} 1/2 out hban .83 +.05

[11:28] {ese} that red candle there is me i guess knocking it dn

[11:29] {strider} OK so that's not the most right I've ever been. AIG

[11:30] {Threei} this I hate

[11:30] {nemo} what now

[11:30] {Threei} to get right read on something, and never find entry

[11:30] {Threei} AIG double top

[11:31] {strider} then a cup and handle...20 break.

[11:31] {strider} .20

[11:33] {ese} out in full hban .81 +.03

[11:34] {larisa} AIG it was actually not double but 4th top try. why did you think it will not break 31.80 ?

[11:34] {strider} ese, your broker must love you.

[11:34] {Threei} second test was on lower volume

[11:34] {Threei} and overall felt like fizzling out

[11:37] {ese} definitely

[11:38] {ese} skys the limit for drys if it can solidly get past .25

[11:39] {ese} eventual plan is to get with vads broker

[11:41] {strider} AMZN read, vad?

[11:41] {Threei} not much here

[11:41] {Threei} I am useless today, ain't I

[11:42] {ese} auch du miya......drys.....get up there

[11:42] {Threei} severe lack of sleep

[11:42] {strider} why don't you just go..............oh, never mind. Nemo says you can't.

[11:42] {Threei} full moon... for some reason I can'rt sleep on these nights

[11:42] {Threei} not that I have anything wereworfy in me

[11:44] {BillyD} go see Twilight late night if can't sllep

[11:44] {BillyD} sllep

[11:44] {BillyD} sleep

[11:45] {ese} no sllep is the word......we have our own language here.....we understand that

[11:45] {Threei} lol

[11:45] {BillyD} lol

[11:45] {strider} Vadish?

[11:45] {nemo} Threeish

[11:47] {ese} look at that sloth uaua........hits me for a stop and then what........sheesh

[11:49] {ese} the same with rimm.........if it wasn't for my ahhhhhhh big deal theres jore where that came from attitude.........i'd be pulling my hair out......and definitely breaking into vads vodka cabinet

[11:50] {ese} jore.........hmmmmmmm ya that works

[11:51] {nemo} glad I took the fitb scalp

[11:51] {Threei} yeah, water torture

[11:51] {nemo} in more ways than one, trying to wait that out got painful

[11:51] {ese} what did you take it for nemo?

[11:51] {nemo} got in at .15 out at 20

[11:52] {ese} nice.......huge lot

[11:52] {ese} 20k or so?

[11:52] {nemo} no ese, I trade small

[11:53] {ese} this is an ok thing......

[11:53] {strider} AIG long at .40 break?

[11:54] {Threei} getting interested

[11:54] {nemo} .25 stop

[11:54] {Threei} why not

[11:54] {strider} conservative eentry for me.

[11:55] {nemo} lunch time

[11:59] {strider} AIG gonna d**k around for awhile, imo

[12:00] {nemo} lunch time

[12:01] {Threei} JCI to Supply the Battery for Transit Connect Electric Vehicle

[12:02] {Threei} Market Internals update at 12:00pmET

[12:02] {Threei} - NYSE volume 415M shares, about 15% below its three-month average; advancers lead decliners by 5.2:1.

[12:02] {Threei} - NASDAQ volume 920M shares, about 7% below its three-month average; advancers lead decliners by 2.3:1.

[12:02] {Threei} - VIX index -9% to just under 22.50

[12:03] {fernp} I've saw the pic of your desk, Vad

[12:03] {fernp} a bit cluttered, no? :-)

[12:03] {nemo} sign of a brilliant mind

[12:03] {Threei} I guess

[12:04] {fernp} have you ever upload to the blog, the picture that you have hanged at the top right on your wall?. seems nice

[12:04] {Threei} taje certain effort to fend off attempts to "clean it"

[12:04] {Threei} I think so

[12:05] {Threei} yup

[12:05] {Threei} http://www.realitytrader.com/photography/uploaded_images/PB144227_1-750483.jpg

[12:05] {fernp} yes, very nice

[12:05] {Moose} Buchart Gardens

[12:05] {Threei} ty

[12:05] {Moose} nice

[12:05] {strider} AIG ...crap

[12:05] {BillyD} GSIT fiesty

[12:06] {Threei} ultgra wide angle lens creates these amazing sweeping landscapes

[12:06] {Threei} AIG 1:3

[12:07] {fernp} missed AIG call

[12:07] {strider} Didn't trust my own idea.

[12:07] {strider} for conservative entry.. was perfect.

[12:07] {strider} sigh.

[12:09] {nemo} gold about to break 1200

[12:10] {strider} must be time to short.

[12:10] {Threei} watch for pullback toward .55-.60 AIG, strider

[12:10] {Threei} will be an entry candidate there again

[12:10] {strider} k

[12:11] {nemo} actually, 1200 might be the catalyst for the next leg up

[12:12] {ilana} RIMM break?

[12:13] {Threei} .45 brteak if market helps, yes

[12:14] {Threei} AIG is getting there

[12:19] {Threei} keep AIG stop under .50 for scalpers

[12:20] {Threei} day traders too actually

[12:20] {Threei} US) Fed's Plosser: Fed needs to raise rates to protect its credibility and prices

[12:20] {Threei} hmmm

[12:20] {nemo} what credibility?

[12:21] {Threei} such remark casn send market down a lot of points

[12:21] {Threei} especially if there is a timeline attached to it

[12:21] {Threei} but we can only dream

[12:21] {Threei} - May need higher rates before unemployment returns to appropriate levels

[12:21] {Threei} - Economy is in recovery, expects to see 3% GDP growth over next two years.

[12:21] {Threei} - Housing is stable but risks remain in commercial real estate

[12:22] {strider} long .52 AIG

[12:22] {Threei} well, with 3 cents stop you are already over 1:2

[12:22] {Threei} lol

[12:22] {Threei} 1:3

[12:25] {strider} out +.12

[12:26] {Threei} nice and easy

[12:26] {Threei} wuth ridiculously small risak

[12:26] {Threei} wtg

[12:26] {strider} :)

[12:27] {strider} Now if I can just develop the stomach for hanging on a little longer.

[12:27] {Threei} there is a time for everything

[12:27] {strider} Even fruit cake?

[12:28] {Threei} only with some grinded meat in it

[12:28] {strider} BECN

[12:28] {Threei} ground?

[12:29] {strider} yeah

[12:29] {Threei} nah

[12:29] {Threei} I like grinded

[12:29] {strider} whatever.

[12:32] {strider} DRYS moving up nicely. Against the Baltic dry index.

[12:36] {ese} ya......all 12 dry bulk carriers that i follow are up

[12:36] {ese} if drys manages to get an oil drilling contract before the end of this month it will spike up......

[12:37] {ese} they were shooting for a couple......whether that happens or not...who knows

[12:37] {strider} thx for info.

[12:38] {strider} Guess I need to read up on my swing trades.

[12:38] {strider} PEIX rides again.

[12:40] {Threei} (IA) Iranian Oil Minister: Oil exports may be halted if embargo continues (related USO UNG )

[12:41] {BillyD} RIMM may go if holds .40 and takes .50

[12:41] {BillyD} then again, b/o at lunch

[12:42] {nemo} yep, aig did,but it's a momo today

[12:43] {nemo} volume looking right on rimm though

[12:43] {nemo} big offer .50

[12:43] {Threei} looks very tempting

[12:44] {nemo} yeah, which means somebody watching...me paranoid?

[12:44] {Threei} yes but it doesn't mean they are not after you

[12:45] {nemo} high is .52

[12:47] {nemo} frig

[12:48] {nemo} didn't get fill

[12:48] {Threei} you are kidding

[12:48] {nemo} no

[12:48] {Threei} that was easy in

[12:48] {nemo} too tight at .41

[12:48] {nemo} .51

[12:48] {Threei} half out

[12:49] {BillyD} full out

[12:49] {Threei} Ilana is over 1:1 solidly if took .45 entry

[12:49] {Threei} full out now

[12:49] {fernp} neither me, i tried .52 but not filled

[12:49] {Threei} you guys don't do the hover trick

[12:49] {BillyD} got it at .50

[12:49] {Threei} me too

[12:49] {Threei} grabbed last shares, literallyt

[12:49] {strider} {-------------oh ye of little faith.

[12:50] {nemo} what's that...depress the buy button, but don't release, and then move it off the button if it doesn't trip?

[12:50] {Threei} right

[12:51] {BillyD} CLWT, can't find entry on it

[13:00] {nemo} what's cat going to do from here?

[13:02] {Threei} drop

[13:02] {BillyD} I don't think that way....lol

[13:02] {BillyD} hehe

[13:03] {Threei} no but I can answer without thinking {G}

[13:03] {BillyD} :)

[13:03] {nemo} comes naturally to him

[13:07] {BillyD} would like for ASIA to consolidate here

[13:07] {strider} kind of like Europe?

[13:07] {nemo} oy

[13:08] {larisa} lol

[13:08] {ilana} CHINA is better

[13:08] {BillyD} good one S

[13:08] {Threei} not all ASIA thinks so

[13:09] {strider} heck with em...shove it down their throats...they'll get used to it.

[13:10] {Threei} boy I can't wait for magoo to return from hunting and see moose next to him

[13:10] {BillyD} slap happy

[13:10] {Threei} I swear he will think it's a practical joke on him

[13:11] {strider} Now if magoo is here but Moose is gone...........

[13:12] {Threei} if only pterodactyl started with d, we would get dino too

[13:12] {nemo} you have too much time on our hans

[13:13] {nemo} hands

[13:13] {larisa} this is too funny

[13:13] {nemo} so much for cat going down

[13:13] {Threei} which part?

[13:13] {BillyD} unless your Moose Larisa

[13:14] {larisa} true :)

[13:14] {Threei} (US) Los Angeles Mayor announces electric car incentives; to help upgrade 400 charging stations and build 100 more (related JCI AONE CARBX )

[13:14] {Threei} didn't AONE lose those contracts?

[13:14] {strider} It looks pretty happy today.

[13:16] {Threei} TM Reports Nov US vehicle sales +11.5% (unadjusted) v +4.5%e (adj) at 133K units

[13:17] {nemo} nuva almost completely recovered

[13:17] {larisa} Moose needs to change nick to Mousse, sounds kinda the same, but magoo will never guess :)

[13:17] {larisa} was just looking at NUVA

[13:17] {Threei} let's see if AUDC finds new interest at some point

[13:17] {Threei} news earlier

[13:17] {Threei} AUDC Hearing positive chatter circulating on prospects for Audiocodes newest VoIP product to be included in the Apple iPhone or other smartphone products

[13:17] {Threei} - speculation is based on AudioCodes release of a new VoIP mobile access solution this morning

[13:21] {BillyD} AMZN

[13:21] {nemo} yeah...nuts today

[13:21] {BillyD} it's on a good run

[13:23] {ese} outa here.....concert at the Bay Center here in Victoria.......commin Vad?

[13:24] {ese} pick ya up on the way......ehhhhhhh?

[13:24] {Threei} on the way?? :)

[13:24] {Threei} it would be like 15 km hook for you, lol

[13:24] {ese} thought you'd pick up on that one

[13:24] {ese} that got your attention

[13:24] {Threei} take care, see you tomorrow :)

[13:25] {ese} ya.......a mere 15 to 20 k detour

[13:25] {BillyD} cya ese

[13:25] {ese} whats distance among friends

[13:25] {ese} cya

[13:25] {strider} missed a good AIG setup

[13:29] {Threei} .50 break?

[13:29] {strider} .45

[13:30] {strider} little inverse h&s pattern

[13:31] {strider} Actually I guess .48 would have been the technical break.

[13:36] {strider} bounced off .45 again.

[13:37] {Les} howdy

[13:37] {Les} AWIAV?

[13:37] {fernp} nope

[13:38] {strider} what is AWOA

[13:38] {strider} AWIAV

[13:39] {nemo} Are We In Anything Vad

[13:39] {Threei} hi les

[13:39] {strider} ah

[13:40] {Les} last minute work with landscapers for the year. Snow threatening these last 24 hours

[13:41] {Les} SEED is a little eveready bunny, just keeps on going

[13:41] {Threei} so is AIG

[13:43] {Threei} Short Setup: AIG .50 break

[13:43] {Threei} stop above .60 for scalpers

[13:43] {Threei} .65 for day traders

[13:44] {Threei} Fed's Plosser: recent drop in the USD reflects the unwinding of a "flight to safety" trade; recent drop must be seen in the context of the dollar's rise during the financial crisis

[13:45] {Threei} what a convoluted explanation

[13:45] {strider} in

[13:45] {nemo} yeah...taurine excrement

[13:45] {Les} well I'm impressed. I imagine the average punter is too.

[13:46] {Threei} NSANY Reports Nov US vehicle sales +30% v +8.5%e (adj) (15.10, +0.67, 4.64%)

[13:46] {Threei} wow Nissan

[13:47] {Threei} I picked right car manufacturer

[13:50] {Threei} come on market, time for little pullback

[13:50] {Threei} don't ya think

[13:51] {nemo} well, if this works, first stop should be 31, and then 30.75

[13:52] {nemo} you've got support and the 200 ma just under .50

[13:52] {larisa} AIG is just angry with you, you compared it to a bunny :)

[13:52] {ilana} what was the setup, vad?

[13:52] {Threei} .50 break

[13:52] {ilana} yeah, but why?

[13:52] {strider} out -.13

[13:52] {Threei} break of support

[13:53] {Threei} lower high

[13:53] {Threei} market reversing

[13:53] {ilana} didn't consolidate

[13:54] {Threei} stayed under .65 long enough to validate a break

[13:54] {ilana} oh ok

[13:56] {ilana} i officially declare " I hate AIG"

[13:58] {Les} ilaanaaa.

[13:59] {Threei} that sounds Estonian

[13:59] {Les} let's call it "lunchtime misdemeanour"

[14:00] {Threei} die mrket

[14:00] {ilana} it's not this time only

[14:00] {Threei} die AIG

[14:00] {strider} are you still in AIG?

[14:00] {Threei} yeah

[14:02] {Threei} Fed Discount Meeting Minutes: Bankers are seeing positive economic growth trends; accomodative policy still appropriate

[14:02] {Threei} - inflation expectations currently at modest levels

[14:02] {Threei} - have not seen evidence that foreshadows a decline in excess capacity

[14:04] {nemo} was looking at rimm break of .65 short,,what a trap

[14:05] {Threei} out AIG

[14:05] {fernp} stopped

[14:07] {fernp} my day is over. Tomorrow will be better (I hope) :-)

[14:07] {fernp} Have a nice evening everybody. See you all tomorrow.

[14:07] {Threei} take care fern

[14:07] {Threei} you know it wikll

[14:07] {Threei} not a first time

[14:07] {fernp} yeah

[14:08] {nemo} pru...I'd say short, but...

[14:10] {strider} I'm out here too...see you in the morning.

[14:10] {Threei} take care strider

[14:10] {strider} you too...

[14:11] {ilana} WFC

[14:11] {ilana} which way?

[14:11] {Threei} no setup either way

[14:11] {Threei} toss a coin

[14:12] {fernp} before I go, some pics of my desk:

[14:12] {fernp} http://i33.tinypic.com/o91u0n.jpg

[14:13] {fernp} http://i36.tinypic.com/16029p0.jpg

[14:13] {fernp} the last one http://i47.tinypic.com/2zylaw2.png

[14:13] {fernp} see you :-)

[14:13] {Threei} that's scary clean desk

[14:13] {ilana} lol

[14:14] {ilana} can you find anythig in there?

[14:14] {fernp} lol

[14:14] {BillyD} my kind of desk fern....well mine a little messier

[14:15] {Threei} mine stays in such state for a few hours after major cleanup

[14:18] {Threei} IA) Iran Pres Ahmadinejad: There is no need for more nuclear talks; the issue is 'resolved'

[14:19] {nemo} well, pru idea was good

[14:20] {Les} CLEAN! that ain't clean. this is clean.http://up.widget.mibbit.com/up/O3nytvQF.jpg

[14:20] {Les} maybe unhealthily clean, but I'm not willing to admit it

[14:21] {Threei} ok, this is sick

[14:21] {ilana} you just admitted it

[14:21] {Les} it's my wife's influence

[14:21] {Les} I once used to be like Vad

[14:22] {Threei} you don't "used to be like this"

[14:22] {Threei} you come to it through years of fighting

[14:22] {Threei} for your independence

[14:22] {Threei} liberty

[14:22] {nemo} yeah, he's whipped

[14:22] {Threei} right to stay messy

[14:22] {ilana} don't give up, Vad

[14:22] {Threei} never

[14:22] {Threei} I won the right to have desk like this over decades

[14:23] {nemo} Remember...if it weren't for THEM, we'd still be in The Garden of Eden

[14:23] {ilana} yeah yeah yeah

[14:23] {nemo} yeah the story leaves out what Eve actually said to Adam

[14:24] {Les} Vad - dcc

[14:24] {ilana} how would you know if it left out

[14:25] {nemo} I have connections

[14:25] {ilana} and?

[14:25] {nemo} "you don't eat this, you don't get this. Get it?"

[14:25] {Moose} and AIG again making new highs

[14:26] {Les} lol Nemo!

[14:26] {nemo} hig flirting w new highs

[14:26] {nemo} Plu cest change plu cest le meme chose, Les

[14:27] {Raven} sigh

[14:27] {nemo} amazing what it takes to get him to pipe up

[14:28] {Raven} ---{}---

[14:29] {nemo} ahhh...Raven......what exactly is that supposed to represent?

[14:29] {Raven} I cannot reveal such thangs

[14:30] {Threei} AIG gears up for 32 and above

[14:31] {Threei} US) Senator Baucus (D-MT): Costs for the pharmaceutical industry could be more under healthcare reform, discussions are ongoing

[14:32] {Threei} BCRX Ticking higher; JMP securities making positive comments on yesterday's Japanese approval of peramivir

[14:33] {nemo} SEED huge volume and small range today

[14:33] {Threei} SEED actually looks like ready to reverse

[14:34] {Threei} if doesn't lose 14 anymore and breaks this .07 - .08 level

[14:48] {Threei} HEAT lost its mind again

[14:48] {Les} Wow, RIMM's been playing some lovely breakout setups today

[14:49] {BillyD} bye all, gott a go, have a good one

[14:49] {Threei} look at AIG

[14:49] {nemo} ig tankr

[14:49] {larisa} bye BIlly

[14:50] {Threei} take care billy

[14:50] {Moose} cliff diving

[14:50] {Les} billy

[14:50] {Threei} piece of crap... this is what it had to do before stopping us out

[14:50] {Les} would have been nice

[14:53] {Threei} jeez

[14:53] {Les} talk about the nuclear option

[15:02] {larisa} .

[15:03] {Les} what was the score for the day Vad? Opening provide good opportunities today?

[15:03] {Les} what is the score

[15:03] {Threei} not really

[15:03] {Threei} slightly down

[15:03] {Les} what? stops taken?

[15:04] {Threei} how else you find yourself down?

[15:04] {Les} thought you meant market opening.

[15:04] {Les} i can see that is down

[15:05] {Les} ok. well with that cheery note I will hit the sack. got more garden work waiting for me tomorrow. 3 degrees outside. yuk

[15:06] {Threei} yuk is right

[15:07] {Threei} AIG just as fast in another direction now

[15:07] {Threei} what the deuce

[15:12] {ilana} RIMM .30 break?

[15:13] {ilana} with market's help

[15:13] {Threei} if OK with stop under .15

[15:13] {ilana} wow, wide...

[15:14] {Threei} that's closest support

[15:28] {nemo} cat vad

[15:28] {Threei} ?

[15:28] {nemo} dancing along support

[15:30] {ilana} is there a volume at all?

[15:31] {Threei} not much

[15:33] {ilana} did you take it nemo?

[15:34] {nemo} no I didn't

[15:38] {Threei} Long Setup: FAZ .60 break

[15:39] {Threei} if stays above .55

[15:41] {nemo} in and out

[15:42] {Threei} ?

[15:42] {Threei} did it ever trigger?

[15:42] {nemo} yes, I got a print

[15:42] {Threei} I haven't seen offer going above .60

[15:42] {ilana} i think there was .61

[15:42] {nemo} yes

[15:43] {Threei} I blinked then

[15:43] {nemo} my reflexes are great on stops

[15:50] {ilana} FAZ is going nuts, against the market

[15:50] {nemo} faz is financials short...so it should

[15:50] {Threei} it always is

[15:51] {Threei} it's a short ETF

[15:51] {ilana} oh

[15:51] {Moose} inverse of FAZ is FAS

[15:51] {ilana} i thought FAS is

[15:51] {ilana} oh ok :)

[15:51] {Moose} FAS is bull

[15:53] {Moose} btw... new margins going into effect for leverged ETFs... 3x (like FAS FAZ) will be something like 80 or 90%

[15:53] {Threei} not very happy with today

[15:54] {Threei} a few too many stops, a few too few wins

[15:55] {ilana} there must be these days sometimes

[15:55] {nemo} once every week or two

[15:55] {Threei} yeah

[15:56] {Threei} just stating the fact that this was one of them

[15:56] {ilana} gn, see you tomorrow

[15:56] {Threei} take care ilana

[15:57] {Moose} me too... adios all

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {larisa} bye all!

[15:57] {nemo} c u

[15:58] {larisa} a lot of selling on AAPL. First to reverse and take market with it ? :)

[15:58] {Threei} hopefully

[15:58] {Threei} we should get some selling some day, no??

[15:58] {Threei} really becomes very hard to squeeze something

[16:01] {Threei} AAPL Hearing recent weakness being attributed to rumor of potential partnership with T-Mobile