Dec 08 2009

That was mind-numbingly boring day. Between some scalps and stops, just slightly up thanks to GLD short; narrow range for the most of the day just didn't provide enough opportunities.

Session Time: Tue Dec 08 00:00:00 2009

[07:52] {Threei} JASO UPDATE: Weisel Raised JASO to Market Weight from Underweight, price target: $4

[08:04] {Threei} XLNX Guides Q4 +16-20% q/q (+6-10% prior) (23.24, 0.00, 0.00%)

[08:05] {Threei} (US) Meredith Whitney: Underlying earnings power will flag in Q1 of 2010, there is no demand at middle to low end as there is no access to credit in this segment - CNBC (related EUR/USD XLF )

[08:12] {nemo} Hi Raven

[08:12] {Raven} hello

[08:12] {nemo} mornin' fern

[08:12] {nemo} day strider

[08:13] {nemo} you going to get pummelled with snow out there in Michigan?

[08:14] {Raven} possibly ... but there is going to be a mix of rain and snow in some areas so it is not a sure thang

[08:15] {nemo} you seem to have quite the affinity for certain vernacular

[08:15] {Raven} lol ... it amuses me

[08:16] {nemo} me too

[08:18] {Threei} who is that vernacular?

[08:18] {nemo} it's a "what" specifically "thang"

[08:31] {strider} AIG estimates lowered due to P&C segment weakness at UBS

[08:38] {Les} I disagree with this notion Vad. survival may well be wired into human beings, so suggests evolutionary psychology and biology.

[08:39] {Les} and good morning

[08:39] {Threei} good morning

[08:39] {Les} thank heavens learning is not compulsory.

[08:39] {Les} otherwise I'd have to get a real job

[08:39] {nemo} maybe les, but then free will can get in the way

[08:40] {Threei} Ayn Rand: humans are the only beings whose means of survival--reason--is not automatic

[08:40] {Les} not sure about free will nemo

[08:40] {nemo} Some people just give up and die

[08:40] {nemo} they make a choice

[08:41] {Threei} anyway, that was a half joke

[08:41] {Les} yeh i understood that

[08:41] {Threei} with meaning of learning necessary for surviavl

[08:41] {nemo} 1/4 joke if lucky

[08:42] {strider} KR gap down

[08:43] {Les} fcx too

[08:44] {nemo} pessimists

[08:45] {Les} prefer pressimism than coma

[08:45] {Les} pessimism too

[08:48] {strider} long KR 20.15, stop below 20.

[08:50] {Moose} :P

[08:51] {Les} AZO in red despite positive earnings. Judging from yesterday's trading range this is worth watching

[08:51] {Les} hey moose back at ya

[08:57] {fernp} Good morning everybody

[08:57] {Moose} hi fernp

[08:57] {Threei} fern, moose :)

[08:59] {Threei} (IA) Iranian Spokesperson: Claims that nuclear scientist has been abducted by US (related GLD USD/GCC )

[08:59] {strider} out KR +.16

[09:02] {Moose} wtg Strider

[09:03] {strider} morning Moose, how is the great state of Tennessee this morning?

[09:03] {Moose} wet

[09:03] {Moose} 2nd day of rain

[09:04] {Moose} brb

[09:04] {strider} KR now in c&h

[09:05] {strider} left most of the money on the table.

[09:06] {strider} looks like rain here, too, moose.

[09:10] {Moose} back... where are you strider?

[09:10] {strider} Hickory, NC

[09:10] {strider} east side of the foothills.

[09:10] {Moose} oh, thats right... yup, its moving your way

[09:19] {Threei} keeping eye on WFC

[09:20] {ese} morning

[09:20] {Threei} ese :)

[09:20] {fernp} ese

[09:20] {ese} whats new and exciting in the world of trading

[09:20] {ese} fern vad

[09:21] {BillyD} GM everyone

[09:21] {ese} billy

[09:21] {Threei} UAUA UPDATE: Jesup & Lamont Raised UAUA to Buy from Hold, price target: $15

[09:21] {Threei} Billy :)

[09:22] {BillyD} ese, you gonna wrestle GERN today

[09:22] {ese} still am......L 6.03

[09:22] {BillyD} from the other day?

[09:22] {ese} just kept that position from last week

[09:22] {BillyD} got it

[09:23] {lasertrev} morning

[09:23] {BillyD} hi trev

[09:23] {ese} not much though 1/2 lot

[09:23] {Threei} trev :)

[09:23] {BillyD} 20k for you then...lol

[09:23] {Threei} GERN had some news

[09:24] {ese} will check that out

[09:24] {BillyD} yes

[09:24] {Threei} 5:55:29 AM

[09:24] {Threei} UAL Corp Expects to announce orders for 50 wide-body aircraft - WSJ

[09:24] {Threei} - Article noted that the company was expected to spilt the order for 25 787 aircraft and 25 A350s.

[09:25] {Threei} 7:57:52 AM

[09:25] {Threei} UAL Corp Confirms order for 25 Airbus and 25 Boeing units

[09:25] {Threei} - United ordered 25 Airbus A350 XWB aircraft and 25 Boeing 787 Dreamliner aircraft and has future purchase rights for 50 of each aircraft.

[09:25] {Threei} - United expects to take delivery of the aircraft between 2016 and 2019; at the same time it will retire its international Boeing 747s and 767s.

[09:26] {Threei} UAUA daily looks interesting for 10 break

[09:26] {dino} gm all

[09:26] {Threei} dino :)

[09:27] {Threei} WFC no bounce with market

[09:29] {strider} KR broke major support

[09:29] {larisa} gm all :)

[09:29] {strider} mmorning everybody.

[09:29] {BillyD} larisa :)

[09:29] {BillyD} Strider :)

[09:29] {Threei} larisa, strider :)

[09:29] {larisa} billy, vad :)

[09:29] {ese} dino ST laris

[09:30] {strider} :)

[09:31] {Threei} Short Setup: WFC .95

[09:31] {Threei} stop above 26.10

[09:31] {strider} in

[09:31] {Threei} 26.05 for scalpers

[09:32] {Threei} should be good for more... morning volatility is a concern though

[09:32] {Threei} could be a trade we will revisit

[09:32] {Threei} ugh, missed UAUA

[09:33] {Threei} .90 should send WFC down screaming

[09:34] {nemo} cat crash fever

[09:35] {dino} nugent

[09:35] {nemo} yeah

[09:36] {Threei} let's trail WFC to above .05

[09:40] {Threei} out WFC

[09:40] {strider} out

[09:40] {Moose} ditto

[09:40] {Les} ditto

[09:40] {fernp} out

[09:40] {strider} that one looked really good, too.

[09:40] {Threei} yes, and still does

[09:41] {Threei} let's sit out this opening uncertainty

[09:41] {Threei} it remains solid short candidate

[09:42] {dino} mtn

[09:42] {Threei} (US) Preview: Dec IBD/TIPP Economic Optimism due out at 10amET

[09:42] {Threei} **consensus expectation: 48.8e v 47.9 prior

[09:43] {Threei} F Nov Russian car sales seen down 48% y/y (8.85, -0.06, -0.67%) (related RSX )

[09:44] {Les} CAT setting up for b/d?

[09:44] {Threei} can't tell

[09:46] {Threei} feels like bounce to me at the moment

[09:46] {Les} its following market

[09:46] {Threei} Long Setup: CAT .60 break

[09:46] {Threei} if stays above .50

[09:47] {magoo} hey

[09:47] {Threei} mags

[09:48] {dino} meli sm l .01

[09:48] {dino} stop lod

[09:49] {Moose} in CAT

[09:49] {Threei} took aggresicely?

[09:49] {Moose} what what?

[09:49] {strider} in .61

[09:50] {Threei} 1:1

[09:50] {Moose} out +.13

[09:50] {Moose} .12

[09:50] {ese} out gern .19 +.16

[09:51] {ese} added another 500shs at 6.02....so was a good profit

[09:51] {Threei} wtg ese, this is not an easy one to profit from

[09:51] {dino} gj

[09:52] {ese} definitely......

[09:52] {Threei} GERN's path in the market over last 10 years is marked with many tumbstones

[09:53] {ese} having a 1/2 from before helped......was able to give it a wide berth so it could move and i wasn't too woried about it....might have been dn $230.00 at most

[09:54] {Threei} that's a good dinner in Paprika Bistro

[09:54] {ese} because i was in i'd been watching it and so it was easy to see the momo

[09:54] {Threei} wasn't too keen on CALLIN WFC long on .10 break

[09:54] {ese} definitely......

[09:54] {dino} meli to .41

[09:54] {Threei} volume looked strange

[09:55] {Threei} in retrospect, I need to think less

[09:55] {Moose} i heard that their Cowichan Bay Duck Breast is wonderful

[09:56] {Threei} like you'd never believe

[09:56] {dino} out mei .82, +.81

[09:56] {fernp} gj dino

[09:56] {Threei} who partialled CAT, get out here

[09:56] {dino} ty

[09:58] {fernp} HIG hod

[09:58] {BillyD} Vad, you partial CAT? I was going to but it broke .60 so got out on the bounce back into .68

[09:59] {Threei} I didbn't but I got in aggressively

[10:00] {BillyD} ok

[10:00] {Threei} just know that strider often partials them so I threw in a comment

[10:00] {fernp} TGT short, Vad?

[10:00] {Threei} I think so fern

[10:00] {Threei} .50 break, stop above .60

[10:00] {fernp} ok

[10:01] {strider} Hey vad...yeah I partialled CAt...

[10:01] {Threei} cool beans

[10:01] {strider} was on my DSL....get a fax...and it friggin' disconnected me.

[10:01] {nemo} jeezus rimm

[10:02] {strider} worked to my advantage with CAT, but golly......

[10:02] {Threei} MITI Data from Phase 2 Study Confirm High Response Rate of Micromet''s Blinatumomab in Patients with Acute Lymphoblastic Leukemia (6.93, +0.06, 0.87%)

[10:02] {Threei} (US) IBD/TIPP Economic Optimism: 46.8 v 48.8e

[10:02] {Threei} no one cares

[10:02] {Threei} market didn't react in any way

[10:03] {Moose} is TGT offical call or just side note to fern?

[10:04] {Threei} nah

[10:04] {Moose} ok

[10:04] {Threei} I prefer them more defined

[10:04] {Moose} out TGT be

[10:04] {Threei} it's a bit amorpgous

[10:04] {Threei} g=h

[10:04] {Threei} I think

[10:05] {strider} works for me.

[10:05] {fernp} stopped TGT

[10:06] {dino} mtn app. lod

[10:06] {Threei} MITI

[10:06] {Threei} news get attention

[10:06] {Les} WFC b/d .30 trigger?

[10:06] {Threei} see if turns into momo

06[10:07] * Threei squints at magoo

[10:07] {magoo} awiav?

[10:08] {dino} not i

[10:08] {dino} nemo, double bottom mtn?

[10:08] {BillyD} NANO making noise

[10:09] {Threei} NANO is certainly a momo candidate

[10:10] {fernp} SCHW if breaks 18.25, Vad?

[10:10] {ese} dino you scoped safm at aqll

[10:10] {ese} at all

[10:11] {dino} no

[10:11] {Threei} not really delighted fern

[10:11] {dino} am now

[10:11] {fernp} thanks

[10:11] {Les} wfc

[10:11] {ese} was up over $2 for a bit

[10:12] {ese} Q was good...rev was good

[10:13] {dino} 4 cent miss?

[10:13] {dino} kr blood

[10:13] {ese} nope reports .96 vs .93 expected

[10:14] {Moose} we used to shop at KR but now mostly get food from WMT

[10:14] {dino} hmm, saw .96 vs 1.00, but thx

[10:15] {dino} azo rocks

[10:15] {Threei} Sacramento snowed in

[10:15] {Threei} global warming runs amok

[10:15] {fernp} INTC lod

[10:15] {dino} global warming, lol

[10:15] {patience} see Vad, we don't have it so bad

[10:15] {Threei} no kidding, lol

[10:16] {ese} trade the news is where i got my info.....vad's news feed........

[10:16] {dino} 4" snow expected here tonight

[10:16] {Moose} KR still falling it seems

[10:16] {Threei} AONE

[10:17] {nemo} gld near support

[10:17] {dino} kr=krash

[10:18] {Threei} Long Setup: RIMM .60 break

[10:18] {Moose} KR almost touched its daily low back in 03/09/09

[10:19] {Threei} if stays above .50

[10:20] {dino} i like it long

[10:20] {dino} mtn hl l .25

[10:20] {BillyD} out RIMM ty

[10:20] {Threei} over 1:1

[10:20] {Moose} in/out

[10:20] {dino} stop .96

[10:20] {Threei} easy one

[10:20] {Moose} hmmm

[10:21] {dino} scanners solid green

[10:21] {BillyD} CAAS back Vad

[10:22] {dino} kr hl l .65, stop .36

[10:22] {strider} out RIMM, avg. .70

[10:22] {Threei} can't stomach it billy

[10:22] {Threei} spread, thinness

[10:22] {magoo} sad when all we can get with RIMM is measly dime imo

[10:22] {Threei} (US) Reportedly Pres Obama to call for tax cuts and elemination of capital gains taxes on small business for one year

[10:23] {dino} rimm sucks

[10:23] {BillyD} lol

[10:23] {magoo} vads call

[10:23] {Threei} sheesh, just buy AAPL

[10:23] {dino} wow obama may finally get something

[10:23] {magoo} sensitive there boss?

[10:24] {dino} so if that would work, why ever have cap. gains tax?

[10:24] {Threei} I take offense on RIMM's part

[10:24] {nemo} gotta' soak the rich

[10:24] {Threei} poor bastard isn't to blame for market suckiness

[10:24] {nemo} that's anybody making over 40k a year, btw

[10:24] {dino} fear the reaper (destryer0

[10:24] {nemo} BOC

[10:25] {strider} BAC?

[10:25] {Threei} dunno dino... evil is in details

[10:25] {nemo} no in reply to Dino's reaper comment

[10:25] {Threei} I am yet to hear the proposxal before I get any optimistic

[10:26] {Les} wfc .25 b/d?

[10:26] {Threei} this is typical "let's solve our problems by extraction money from rich" administration

[10:26] {dino} ironic tho, he is admitting that lower taxes should get things moving

[10:26] {nemo} yeah, because a hiring tax credit is useless if you have no profits

[10:26] {Threei} starts looking like that Les

[10:27] {Threei} but the thing about WFC is,

[10:27] {Threei} it largely moves with market, gioving some divergincies here and there,

[10:27] {dino} i froze mtn when i took it

[10:27] {Threei} and while those divergencies hint olf likely direction

[10:27] {dino} kr too

[10:27] {Threei} it still needs market to lead

[10:28] {Threei} so, my thought is,

[10:28] {Threei} return to the idea of shorting it later in the day

[10:28] {Threei} when/if markert starts its late decsent

[10:28] {Threei} descent too

[10:29] {Threei} NANO honestly trying

[10:29] {strider} RIMM looking short.

[10:30] {dino} snhy spike, thin

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

[10:31] {Threei} - NYSE volume 250M shares, about 7% below its three-month average; decliners lead advancers by 3.7:1.

[10:31] {Threei} - NASDAQ volume 500M shares, about 7% below its three-month average; decliners lead advancers by 2.5:1.

[10:31] {Threei} - VIX index +5.3% to just over 23.00

[10:31] {BillyD} hard to tell if NANO has enough gas int the tank

[10:31] {Threei} volume is abot better today

[10:32] {Threei} a bit

[10:32] {Threei} it's one of those Billy...

[10:32] {strider} dino, KR

[10:32] {Threei} either you are have a feel for it

[10:32] {Threei} or you are not magoo

[10:33] {magoo} personally..so far its NOt showing momo

[10:33] {magoo} its moving up..but its not momo-ing

[10:33] {Threei} it's a bit peculiar one mags

[10:33] {Threei} you were on your hunting expedition when it had its momo

[10:33] {magoo} ya ya

[10:34] {Threei} yes... you missed two momos that week

[10:34] {Threei} SEED and NANO

[10:34] {dino} strider in it at .65

[10:35] {Threei} Freddie Mac: Home prices increased in Q3 by 1.1%, the second quarter in a row with rising prices (related FRE FNM XHB XLF )

[10:35] {ese} re reading dino's RIMM sucks comment......i'd like to whole heartedly endorse that statement.........mags a has tried to help me make money there......but it just can't be done

[10:35] {Les} finally a quick CAT scalp that worked. gotta fly. taxi time.

[10:35] {ese} see ya les

[10:35] {magoo} WAIT LES

[10:35] {strider} later Les

[10:36] {Threei} Les, duck

06[10:36] * magoo slaps Les around a bit with a large trout

[10:36] {Threei} told ya

[10:36] {ese} look out

[10:36] {dino} lol es, same problem w/it

[10:36] {Les} Les no more

[10:36] {Threei} lol

[10:36] {strider} now, even less

[10:36] {nemo} we won't have Les to kick around

[10:36] {Les} for an hour

[10:36] {Threei} we will but less

[10:36] {magoo} overall vad and i make good dough on RIMM..but a dime scalp on it is not the norm

[10:36] {dino} cya les

[10:36] {nemo} we'll talk about him while he's gone

[10:37] {Threei} mags et all, my view on RIMM:

[10:37] {magoo} now AIG..THAT SUX along with DRYS

[10:37] {Threei} it's a great trading vehicle,

[10:37] {Threei} but as everything in life, it goes through cycles

[10:37] {Threei} contraction and expansion

[10:37] {Threei} its tradeability is contracting right now,

[10:37] {Threei} it will be back at some point

[10:37] {dino} like drinkability

[10:38] {Threei} it's Ecclesiatus or how you spell him

[10:38] {Threei} time to trade Rimm

[10:38] {Threei} and time to drink

[10:38] {BillyD} time for everything

[10:38] {magoo} i like to drink while trading rimm

[10:39] {Threei} many stocks go through same thing

[10:39] {Threei} remember time when CAT was our daily bread and butter?

[10:39] {fernp} WFC dt?

[10:39] {Threei} or C&H fern

[10:39] {dino} everything, imo

[10:39] {ese} L fitb .39

[10:39] {Threei} yes

[10:39] {Threei} look at ese and FITB for illustration

[10:40] {Threei} remember when it was his ATM on daily basis?

[10:40] {Threei} then he didn't tough it for weeks if not months

[10:40] {Threei} not wets his toes in it again

[10:40] {nemo} he didn't what?

[10:40] {Threei} noqw

[10:40] {Threei} now

[10:40] {Threei} touch, nemo... gosh, get that dictionary already

[10:41] {Moose} Touch

[10:41] {Threei} or HIG

[10:41] {nemo} sorry, my bad

[10:41] {Threei} remember when this thing fed us 3-5 trades every day?

[10:41] {Moose} touch

[10:41] {dino} giddy-up

[10:41] {Threei} try to get something out of it now

[10:41] {Moose} heh

[10:42] {Threei} Long Setup: WFC .35 break if stays above .30

[10:42] {Threei} aggressive C&H entry

[10:42] {Threei} low risk

[10:42] {ese} assuming the qqqq's break above .65 fitb should then move

[10:42] {Threei} will work only if market stages breakout

[10:43] {Threei} but the size of the stoop ridiculous

[10:43] {Threei} stop too

[10:44] {Threei} VVYV...

[10:44] {Threei} VVTV

[10:44] {ese} the fills kill me .389882 for fitb

[10:44] {Threei} lol

[10:44] {BillyD} tough times ese

[10:45] {Moose} invalid

[10:45] {BillyD} every 1/1000000000 counts

[10:45] {Threei} market tripped onto something and invalidated WFC

[10:45] {ese} i'll say

[10:45] {Threei} lol billy

[10:45] {BillyD} RWC short off .25

[10:46] {BillyD} don't like the .15 stop though

[10:46] {dino} out kr .01, +.36

[10:46] {Moose} nice

[10:46] {strider} wtg, dino.

[10:46] {dino} ty

[10:46] {ese} let me just calculate a .86577324561 gain quickly fro from .389882......let me see now

[10:46] {dino} ty, you guys take it?

[10:47] {patience} meredith whitney scheduled for cnbc today...anybody know what time?

[10:47] {strider} not me. I had a premarket trade with it.

[10:47] {nemo} already on I think

[10:47] {nemo} says the consumer is screwed stocks will tank

[10:47] {magoo} was at 8 am

[10:47] {strider} MTN

[10:47] {patience} ty

[10:47] {dino} already talked 8ish

[10:47] {patience} sigh....was hoping for some volume from it....

[10:47] {dino} doom and gloom

[10:48] {patience} i'll take doom and gloom as long as it gives me some volume to trade

[10:48] {dino} mtn, out .55 +.30

[10:48] {nemo} yeah Elizabeth Warren seems to agree

[10:48] {nemo} http://www.ritholtz.com/blog/2009/12/elizabeth-warren-the-coming-collapse-of-the-middle-class/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

[10:51] {ilana} any news on VVTV?

[10:52] {Moose} guess we shoulda shorted WFC

[10:53] {Threei} 08:00 AM [VVTV] Reports Q3 -$0.40 v -$0.62 y/y, R$119M v $125M y/y

[10:54] {dino} vvtv? no news i see.

[10:54] {dino} opps

[10:55] {Threei} Long Setup: GS .15 break smallish shares

[10:55] {Threei} stop under 162

[10:56] {fernp} stopped

[10:57] {ilana} shakeout today...

[10:57] {strider} stopped, -.20

[10:57] {ilana} did you enter before the trigger

[10:57] {magoo} some f'in xmas rally

[10:58] {magoo} everyday is a chore

[10:58] {Threei} what rally?

[10:58] {strider} Me? in .17, out .97

[10:58] {ilana} still valid?

[10:58] {Threei} this Christmas is rallyless

[10:59] {dino} the weather outside is frightful

[10:59] {BillyD} rofl

[10:59] {strider} but inside, vad is so delightful.

06[10:59] * nemo slaps dino around a bit with a large book of Xmas Carols

[10:59] {Threei} after dropping 50 cents, ilana? no way

06[10:59] * nemo slaps strider around a bit with a large bar of soap to clean his brown nose

[11:00] {dino} and since we've no place to go...

[11:00] {strider} GS blows GS blows GS blows

[11:00] {dino} lol

[11:00] {Threei} OK, you pick

[11:00] {BillyD} remember those days growing up in Chicago dino

[11:00] {nemo} careful, janitor will get upset

[11:01] {dino} sure bd, but i grew up in pennsylvania

[11:01] {strider} Hey I've made two good calls on KR today.

[11:01] {nemo} what

[11:01] {nemo} what's your point?

[11:01] {Threei} beautiful - see you all tomorrow, strider runs the show today

[11:01] {strider} 11:00] {&Threei} OK, you pick

[11:01] {nemo} oh

[11:02] {strider} Igotta leave.

[11:02] {Threei} you can't

[11:02] {dino} pru hl .00

[11:02] {BillyD} dino, isn't weather pretty much same

[11:02] {dino} stop .68

[11:02] {dino} yes

[11:02] {BillyD} kind of like it won't end

[11:03] {dino} gj strider

[11:03] {Threei} that was rude on GS part

[11:03] {fernp} very

[11:06] {BillyD} AIG short maybe off .50

[11:07] {Threei} if stays under .60

[11:07] {BillyD} yes

[11:07] {BillyD} see what you caused...hehe

[11:07] {Threei} lol

[11:07] {magoo} WOW FCX

[11:07] {magoo} we need to follow it more vad

[11:07] {Moose} yikes

[11:08] {Moose} bbl

[11:08] {nemo} mags. this is resistance at .50

[11:12] {Threei} 33% Say Government Should Hire Unemployed Americans

[11:12] {Threei} hire to do what?

[11:12] {Threei} and at whose expense?

[11:12] {nemo} collect pay

[11:14] {Threei} we may get this strange out-of-nowhere rally now

[11:15] {nemo} plenty of gap to make up

[11:15] {ilana} who should we rally on?

[11:16] {Threei} Santa Claus?

[11:16] {ilana} too much volume

[11:18] {strider} FCX nice consolidation

[11:18] {fernp} BRCM .80 break Vad?

[11:18] {Threei} if we get NASDAQ breazk, yes

[11:19] {dino} mtn

[11:20] {strider} CC in probress

[11:20] {strider} brogress, MTN

[11:20] {strider} jeez...progress

[11:20] {Threei} it sure is

[11:20] {strider} alternative spellings.

[11:21] {Threei} nah... I can't make mysel;f believe in rally

[11:21] {Threei} just shakeout for shorts, then plunge

[11:24] {Threei} guess who is on what

[11:24] {ilana} BRCM getting there

[11:24] {Threei} President Obama: Working with Congress to extend unemployment insurance and COBRA health insurance

[11:26] {Threei} Looking to cut capital gains tax to zero for one year, implement tax cuts for small businesses

[11:26] {Threei} - Reiterates committment to halve the budget deficit

[11:26] {Threei} - Plans to wind down TARP program

[11:26] {dino} sounds like supply side economics for a year

[11:26] {strider} AMZN pushing for daily high.

[11:27] {dino} laffer curve comeback

[11:27] {Threei} BRCM 1:1

[11:33] {Threei} NANO

[11:33] {Les} AWIAV?

[11:33] {Threei} not at the moe4mnt

[11:33] {Threei} little BRCM scalp

[11:34] {Les} long?

[11:34] {ilana} yes

[11:34] {Threei} see .80 break?

[11:35] {Threei} mags... see NANO?

[11:35] {Threei} this is how thing acted back then

[11:35] {Threei} sneaky

[11:37] {fernp} TEVA .60 breakdown, Vad?

[11:38] {Threei} a bit late...

[11:39] {magoo} yea vad..but its just a nice slow climber..hard to identify as momo

[11:39] {Threei} it changes

[11:39] {Threei} sits with no enthusiasm whatsoever

[11:39] {Threei} then suddenly explodes

[11:43] {Threei} lol... rally

[11:43] {Threei} but so meek

[11:44] {ilana} in TEVA .62

[11:44] {nemo} rimm hod 62.05, it's getting there

[11:44] {nemo} nice ilana

[11:44] {ilana} looked like .50 was strong support

[11:44] {nemo} well nice play, have no idea how nice you are

[11:45] {nemo} not saying your not nice

[11:45] {nemo} I'll stop while I'm way behind

06[11:45] * strider slaps nemo around a bit with a large foot in mouth

[11:45] {Threei} lol

[11:45] {larisa} lol

[11:45] {Threei} I was wondering

[11:45] {ilana} :-)

[11:46] {dino} toung tied nemo

[11:47] {nemo} no

[11:47] {nemo} frickin' akam

[11:47] {Threei} I didn't hear this just now on TV

[11:47] {Threei} no way

[11:47] {Threei} "We are taking responsibility for every dollar spent"

[11:47] {strider} cut deficit in half?

[11:48] {strider} then give half to west coast, and half to east coast.

[11:49] {Les} BS like that and the people still aren't on the street...

[11:49] {strider} wait...he's talking about 'ordinary folks'!

[11:49] {strider} that's US!

[11:49] {Les} when my boy speaks BS like that, he gets sent to his room

[11:50] {Threei} yes - every night he reads letters from us

[11:50] {BillyD} rofl

[11:51] {strider} Which letters do you send him, vad?

[11:51] {larisa} les and vad, let me gently remind you.. you do not live in US :)

[11:51] {Threei} and your point is?

[11:51] {larisa} sometimes i think you forget

[11:52] {patience} but larisa, if the u.s. doesn't do well, then canada does even worse

[11:52] {BillyD} Vad and Les are "armchair US citizens"

[11:52] {nemo} wannabees

[11:53] {Threei} popular saying here, Billy: US sneezes, Canada gets a pneumonia

[11:53] {magoo} i always wonered why vad was so pationate about us affairs

[11:53] {BillyD} very true vad

[11:54] {Threei} mostly because killing your dollar you kill my salary

[11:54] {larisa} I think we need to remove all borders and all become the citizens of the World

06[11:54] * nemo slaps larisa around a bit with a large trout

06[11:54] * nemo slaps larisa around a bit with a large trout

[11:54] {strider} Group Hug!

06[11:54] * nemo slaps larisa around a bit with a large trout

06[11:54] * nemo slaps larisa around a bit with a large trout

[11:54] {larisa} oops

[11:54] {Threei} sure but keep 95% of countries out of that world

06[11:54] * nemo slaps larisa around a bit with a large trout

06[11:54] * nemo slaps larisa around a bit with a large trout

[11:54] {Threei} I'll provide a list

[11:55] {Threei} oh, and if US sneezing causes pneumonia in Canada, imagine what happens here when US gets oneumonia {G}

[11:55] {ilana} larisa's got the point

[11:56] {strider} I hope3 you're checking it twice

[11:56] {ilana} and wether you're willing it or not, thats what happening

[11:56] {ilana} globalization

[11:56] {Threei} list strider?

[11:56] {ilana} "small village" world

[11:56] {strider} yes

[11:57] {Threei} actually I keep checking it, and it gets smaller and smaller with each next pass

[11:57] {strider} Be sure you find out who's naughty and nice.

06[11:57] * nemo slaps strider around a bit with a large dose of alzheimer drugs

[11:58] {strider} ntri upgrade

[11:59] {ese} sizzzzzzzzzzzzzz.........gazzzzzzzzzzerrrrrrrrrrrrrrr......................ah hem.......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[12:00] {Les} armchair whats?

[12:00] {Les} rest assured, Australian government need swiff kick up the bum in similar manner to US administration

[12:01] {ese} nodded off and almost fell out.......head snapped......have whiplash now

[12:01] {nemo} fcx interesting chart

[12:01] {Les} 77 b/d?

[12:02] {Threei} RIMM starts looking like preparing for a spike

[12:02] {nemo} I'm thinking that Les.

[12:03] {ese} Gary ya goof..........join the board!!!!!!!!. Sorry thats my usual one month reminder to my brother in toronto who reads vads board at the end of the day. Your cheap man Cheap!!!

[12:04] {ilana} does he trade too?

[12:04] {ese} Now will get the usual abusive day after phone call tomorow

[12:04] {ese} yes....

[12:04] {Threei} ok, RIMM is .80 break long for me

[12:05] {Threei} if stays above .70

[12:05] {Threei} aggressive entry

[12:05] {strider} long FCX .15

[12:05] {strider} stop .00

[12:06] {Threei} invalidated

[12:07] {ese} nice one ST

[12:07] {Threei} same setup, .70 and .60

[12:07] {ese} go fcx go

[12:07] {nemo} or short, break of .65

[12:08] {Threei} or that

[12:08] {nemo} oy vay

[12:08] {ese} oil of Ole what?

[12:08] {ese} Olay

[12:09] {nemo} polish up on your Yiddish ya damn dane

[12:09] {ese} ouch ....hit with the double "d"

[12:09] {nemo} ahhhhh...nevermind

[12:11] {strider} stop to b/e for me

[12:11] {ese} nice trade ST

[12:11] {strider} out....crap

[12:12] {strider} think I blew it.

[12:12] {ese} live and learn

[12:12] {ese} ya did it the safe way

[12:12] {strider} should have taken .29 when it was there.

[12:12] {nemo} sfy

[12:12] {nemo} swy

[12:13] {ese} sfy? swy? ou eh la meaning

[12:13] {strider} Gotta run guys...maybe be back for close.

[12:13] {ese} cya st

[12:13] {Les} ciao st

[12:13] {nemo} you said "safeway" which made me think of KR which made me think of swy

[12:13] {nemo} rimm

[12:14] {nemo} sorry

[12:14] {ese} ahhhhh

[12:14] {larisa} nemo, time for herbal tea, you are too tense :)

[12:14] {nemo} Q's look like either bounce or tumble

[12:14] {Threei} and don't hesitate to add a good dose of vodka in it

[12:14] {nemo} o.k.

[12:14] {nemo} what do you consider a reasonable dose?

[12:15] {ese} 6 oz's

[12:15] {Threei} I didn't say reasonable

[12:15] {Threei} I said good

[12:15] {nemo} that leaves a range

[12:16] {ese} 6oz's....enough for impact yet not enough to kill

[12:16] {nemo} DE testing resistance area on upward wedge

[12:17] {dino} pru stopped -.33

[12:18] {magoo} RIMM

[12:21] {Threei} EPA: Greenhouse gases pose health risk

[12:21] {Threei} ummm... you know which greenhouse gas reperesnts about 98% of them all?

[12:22] {Threei} anyone?

[12:22] {magoo} people

[12:22] {Les} nitrogen?

[12:22] {Threei} nope

[12:22] {magoo} dino appx 47% of all matural gas

[12:23] {Threei} lol

[12:23] {Threei} water vapor

[12:23] {BillyD} lol

[12:23] {Threei} over 98%

[12:23] {Threei} damned CO2 is less than 1%

[12:23] {Threei} so, two things

[12:24] {Threei} first, slightest natural vartiaon on water vapor will be bigger than whole aamount of CO2 in athmosphere

[12:24] {Threei} and second, saaince it's a healt risk, I fully expect EPA to fine water for vaporizing?

[12:26] {Threei} market fizzles out

[12:27] {Threei} out RIMM balance

[12:28] {Les} quick .08 short scalp on RIMM

[12:28] {Threei} USDA: Russia refuses pork shipments from five US plants (related SFD )

[12:28] {Les} ?

[12:28] {nemo} so, we were both right on rimm vad

[12:29] {Threei} everything is so narrow, no room for worthy trade

[12:29] {Les} fcx

[12:29] {Les} two way setup

[12:30] {Les} waiting for lod

[12:35] {magoo} FCX has a dollar range

[12:35] {ese} L fitb. avg .33

[12:35] {Threei} AMZN Hearing Piper making positive comments; Maintains Overweight rating, price target $163 (timing uncertain) (135.20, +0.99, 0.74%)

[12:38] {Threei} WFC, where to short you...

[12:42] {BillyD} big .55 NANO offer

[12:48] {dino} darn pru rinse

[12:53] {Threei} SATC

[12:53] {Threei} SatCon Technology Corp. Strength attributed to Thomas Weisel making positive comments (timing uncertain)

[12:53] {Threei} - analyst suggests SATC to get order for its inverters to be used in FSLR/Enbridge 60MW expansion at Sarnia.

[13:00] {nemo} anybody take nano?

[13:00] {BillyD} missed it...can't believe

[13:00] {nemo} me neither, looked awa

[13:00] {BillyD} last bit at .55 disappeared

[13:01] {Les} $ has returned to recent highs

[13:01] {Threei} sheesh... me too, got distratced by SATC

[13:01] {BillyD} I missed it inbetween hover modes on it

[13:01] {nemo} fcx again

[13:02] {ese} l fitb avg .32

[13:02] {magoo} fcx heck of a range

[13:03] {magoo} if vad would only follow it..ive been begging him..i'd give my left er um forget that :)

[13:04] {nemo} I'll cut it off for ya' mags

[13:04] {Threei} NANO wants 14

[13:18] {BillyD} RIMM .50 b/dn

[13:19] {Threei} if stays under .60?

[13:20] {BillyD} yes

[13:20] {BillyD} mkt help of course

[13:20] {magoo} i though nit looked like double bott

[13:21] {Threei} if holding .50 and breaks .60, then yes

[13:21] {BillyD} I'm just on the dark side magoo with shorting

[13:22] {magoo} i dont care about that

[13:24] {Threei} this is the most boring trading day in months

[13:24] {Les} no way

[13:24] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:24] {Les} my first couple of weeks here were worst

[13:24] {Les} worse

[13:25] {BillyD} out RIMM

[13:25] {Threei} me too

[13:25] {nemo} watching cat approach .50

[13:25] {Threei} wfc

[13:25] {ese} so faa rathaa bad luck chaps with fitb. original plan was to buy 1k at .38 in case of a breat out then buy another quick 19k.....well i've 1k'd dn 3 times to avg out at .32 athen the plan was to hit it with a 17k buy if it showed momentum....not the worlds greates strategy seeing as how i'm dn about 4 to 5 hundred so far.....but anyway i have to go to teach

[13:26] {Threei} watching for that coveted short

[13:26] {ese} choir...see ya tomorrow

[13:26] {Threei} takee care ese

[13:27] {ese} see ya vad......

[13:27] {magoo} WAIT ESE

[13:27] {dino} cya es

06[13:27] * magoo slaps ese around a bit with a large trout

[13:27] {nemo} bye dude

[13:27] {ese} huh

[13:27] {ese} ya cya dude

[13:27] {ese} tks mags....needed that with this dumb plan....but ya never know

[13:28] {strider} Breaking news! Gatorade has nothing to do with recent events surrounding Tiger Woods.

[13:29] {Threei} but, do you know what happend on Virgin Islands after Tiger spent som vacation time there?

[13:29] {Threei} suggestion came in to rename them to The Islands

[13:29] {nemo} fewer virgins I would gues

[13:29] {magoo} he changed his name to CHEETAH?

[13:29] {dino} seems he likes to play other courses

[13:29] {BillyD} I really want AIG to b/dn .50 holding .60

[13:30] {BillyD} magoo & dino, lol

[13:30] {magoo} c'mon...tiger..cheetah..cat family

[13:30] {nemo} rotfl

[13:30] {BillyD} we know

[13:32] {strider} I am back from the ceremonial doing of stuff.

[13:33] {nemo} wow...we really needed to know that...you and Les brothers?

[13:33] {nemo} tht reminds me...Les...you making dinner?

[13:33] {BillyD} ASIA

06[13:35] * strider slaps nemo around a bit with a large ceremonial turkey full of stuffing

06[13:35] * nemo slaps strider around a bit with a large ceremonial lasagna

06[13:36] * strider slaps nemo around a bit with a large ceremonial turkey full of `not-stuffing.

[13:36] {nemo} rimm .50 break above .45

[13:37] {nemo} ?

[13:37] {ilana} at lunchtime?? :-)

[13:37] {nemo} get a new clock ilana

[13:37] {strider} in walidated

[13:37] {nemo} that too

06[13:37] * Threei slaps around nemo with strifer and strider - with nemo

[13:38] {nemo} o great a frickin menage

[13:39] {ilana} i was concerned about you recently, now i'm all relieved - nemo is nemo

[13:39] {nemo} not to worry

[13:40] {nemo} But there is a question within

[13:40] {nemo} What is nemo?

[13:40] {nemo} a lost fish?

[13:40] {nemo} a crazy genius submarine captain?

[13:41] {nemo} the shadow warrior who blinded the cyclops?

[13:41] {nemo} just call me sybil

[13:41] {Threei} that question is not - cyclop's contender ne mo is

[13:41] {ilana} don't ever chose an nickname without knowing its meaning that's dangerous

[13:41] {nemo} It's greek for "no man"

[13:42] {strider} Is this something we need to know?

[13:42] {nemo} so rimm rinsed the stop

[13:42] {magoo} both plays worked willliam

[13:42] {nemo} I was soothing Ilana's concern

[13:43] {ilana} who's william?

[13:43] {nemo} but, I'll give you a touche on that one

[13:43] {nemo} will i am

[13:43] {ilana} real name?

[13:43] {nemo} yeah rimm rinsed the stop

[13:44] {Les} you're right vad. boring day.

[13:44] {strider} I went back and read yesterday afternoon's log, after leaving at lunch. It really does read like a bunch of psychotics jabbering.

[13:44] {Les} a circus is what I was thinking st

[13:45] {nemo} aig took viagra

[13:45] {strider} I was actually impressed by how many different trains of thought are being processed at once.

[13:45] {Threei} by whom?

[13:45] {strider} by all of us here.

[13:46] {strider} Or most of us.

[13:46] {Threei} wow... that's serious compliment

[13:46] {Les} trains of thought or strands or irrationality?

[13:46] {Threei} I mean... thoughts? processing?

[13:46] {Threei} wow

[13:46] {strider} It would have to be really confusing to a newbie, reading the log.

[13:46] {nemo} that leaves you out Vad

[13:46] {strider} Nonsensical, really.

[13:46] {Threei} totally nemo

[13:47] {nemo} akam had a big up and is now flat, could be jbe

[13:47] {strider} The really impressive thing is that there are actual trades going on in the midst of all the jabberwocky.

[13:47] {Threei} I start thinking no selloff today

[13:47] {nemo} rally

[13:48] {Threei} or nothing

[13:48] {nemo} yeah, well if Vad would go skype, it would get really interesting

[13:48] {Threei} but doesn't look like we get selling

[13:48] {nemo} so many accents

[13:48] {strider} uh-no.

[13:48] {Threei} no way

[13:48] {nemo} hehehehehe

[13:48] {Threei} that would be totally incomprehensible

[13:48] {Threei} all talking at once

[13:48] {Threei} and think of magoo

[13:48] {strider} You'd have to set a word limit per day.

[13:48] {Threei} how would he say gjtnsmsljmgoittsnrj

[13:49] {nemo} Well, wouldn't have to worry about editing the blog

[13:49] {strider} Nemo would run through his before market.

[13:49] {BillyD} lol

[13:49] {nemo} rotfl

[13:49] {nemo} fyvm strider

[13:49] {strider} ouch.

[13:49] {nemo} cat threatening again

[13:50] {nemo} oh...sorry, should have more respect for my elders

[13:50] {strider} We did it again...ilana left.

[13:50] {nemo} maybe she had to go to the bathroom, chill

[13:52] {nemo} if cat breaks support .50 drop to s3

[13:53] {strider} where is S3?

[13:54] {nemo} 56.00

[13:54] {strider} thx. Found it. Had to go to hourly chart to get it to show up.

[13:57] {strider} short small at .54

[13:57] {Threei} drg name: Doxorubicin Transdrug

[13:58] {Threei} never mind... sounds very funny for russian ear

[13:58] {nemo} careful on that volume strider

[13:59] {strider} didn't lift much

[13:59] {Threei} HOKU

[14:00] {Threei} Hoku Scientific Discloses entered Amendment No.3 to second amended supply agreement with Solarfun effective Dec 4 - filing (update)

[14:00] {Threei} - On November 15, 2009, we entered into Amendment No. 3 to Second Amended and Restated Supply Agreement with Solarfun, or Amendment No. 3, which became effective on December 4, 2009, the date when Solarfun paid us $8M of the $13M prepayment balance that was past due. Under Amendment No. 3, we agreed that Solarfun could pay us the $13M that was due in July through October 2009, in increments of $8M, which was paid on December 4, 2009, $4M to be paid in March 2010, and $1M to be paid when we commence the shipment of polysilicon to Solarfun.

[14:00] {Threei} - The balance of $5M that was payable in January 2010, is to be paid in equal monthly increments of $1M during each of the five subsequent months after the month of the first shipment. Solarfun retains the right to terminate the Supply Agreement if Hoku has not commenced shipments by June 30, 2010, and Hoku retains the right to terminate the Supply Agreement, and retain all prepayments received, if Solarfun fails to pay any of its future prepayments when due.

[14:03] {strider} in avg. .51

[14:04] {strider} stop above. 55 or .60?

[14:04] {nemo} scalping or daytrading

[14:05] {nemo} former and latter

[14:05] {strider} above .61

[14:05] {nemo} yes

[14:07] {strider} out

[14:07] {nemo} bastid

[14:07] {nemo} that second volume spike and the two hammers were the clue

[14:07] {dino} rino sm l .55 stop .19

[14:07] {strider} really came off the low

[14:07] {nemo} yeah....range day lotta' eyes on the level

[14:08] {dino} algt

[14:08] {Threei} NANO 14

[14:09] {dino} 10 min. up we go

[14:09] {Threei} 13:04] {Threei} NANO wants 14

[14:09] {Threei} and HOKU took huge wall at 3

[14:10] {Les} $ rocketing again

[14:11] {Threei} but look how market decoupled from it

[14:13] {nemo} akam broke too

[14:13] {Threei} gold is taking hit

[14:13] {dino} $ up, gold, oil, mkts down

[14:15] {magoo} u in either vad"

[14:15] {Threei} but look at the difference dino

[14:15] {Threei} as dollar climbs throughout the day, gold continues dropping

[14:15] {nemo} yeah, $ not up that much

[14:16] {Threei} oil is down but mostly stays put

[14:16] {nemo} gold is correcting

[14:16] {Threei} and market opened down but only climbed since then

[14:16] {nemo} it's been trending down slightly since noon

[14:17] {nemo} that's splitting the proverbial hair

[14:21] {Threei} wow

[14:22] {Threei} GLD

[14:22] {Threei} what the deuce

[14:22] {nemo} PPT

[14:22] {Threei} sigh

[14:22] {nemo} you asked

[14:23] {Threei} 60 cents in one bar

[14:23] {Threei} that's some smackdown

[14:23] {Les} broke support

[14:23] {patience} i have been short gold etf (hgd) all day, has been the longest, most boring trade until it made me some money :)

[14:24] {Les} patience in name and in virtue

[14:24] {patience} enough for lunch anyway

[14:24] {strider} long GLD .05

06[14:24] * Threei is gearing to meet patience for lunch

[14:24] {nemo} lucky her.................not

[14:25] {patience} only enough money for me vad....it has been as slow a trade as my other one today, hod, (short oil etf)

[14:26] {strider} out .15

[14:27] {Threei} oh come on, increase your shares

[14:27] {patience} big shares already

[14:28] {nemo} take the hint vad

[14:28] {Threei} nope

[14:28] {Threei} that;'s not my style

[14:28] {patience} tell you what vad

[14:28] {nemo} is your middle name "mule"

[14:28] {patience} you give the market a whack down, lunch is on me :)

[14:28] {Threei} no problem

[14:28] {patience} patience runs to start cooking the bacon

[14:30] {Les} CAT looking ready to drop

[14:32] {strider} It's looked that way before. :)

[14:32] {nemo} got a tight range in fcx vad

[14:33] {BillyD} CAT is better short on bounce imo

[14:33] {Threei} I think so too

[14:33] {nemo} I was thinking long on fcx

[14:33] {strider} bounce to where/?

[14:33] {nemo} about here

[14:34] {BillyD} over .60 imo

[14:34] {BillyD} on a mkt spike

[14:34] {strider} gld BEAR FLAG

[14:34] {patience} should have shorted gold stocks not the etf

[14:36] {Threei} here goes CAT

[14:38] {patience} ok vad, i can buy you a burger now

[14:38] {Threei} (US) Senate Majority Leader Reid: Senate may be able to pass healthcare legislation by the end of 2009 (related IYH )

[14:39] {Threei} burger eh... let me push it a bit more and upgrade to lobster

[14:39] {Les} yeh what the? I wanna see more god like touch on the markets before congratulating vad

[14:39] {patience} ok, add in some margin calls as well please

[14:40] {Threei} Short Setup: GLD .95 half lot

[14:40] {Threei} if stays under 111.10

[14:41] {strider} in

[14:41] {Threei} 1:1

[14:41] {Threei} 1.5:1

[14:41] {BillyD} out

[14:42] {strider} out and out.

[14:42] {jmb} Thanks Vad

[14:42] {Threei} welcome guy

[14:42] {BillyD} was thinking same short on your mention

[14:42] {Threei} Les, does it count for a lobster?

[14:42] {strider} yea. +.15 +.25

[14:42] {Threei} guy = guys

[14:42] {Threei} lol

[14:44] {patience} well, folks aren't exactly rushing for the exits in gold here. vad, did you use your 2 x 4?

[14:44] {Threei} 2x2 actually

[14:44] {patience} thought so

[14:45] {strider} YOu guys boarding the ark?

[14:47] {strider} long AMZN .72, stop .62

[14:47] {patience} is it options ecpiry next week?

[14:48] {strider} whoops.

[14:48] {strider} stop .-23

[14:48] {strider} seemed like a good idea at the time.

06[14:49] * strider slaps strider around a bit with a large bag of good ideas.

[14:49] {nemo} too bad it's empty

[14:49] {BillyD} you are vintage today nemo

[14:50] {strider} no sh"t sherlock

[14:50] {BillyD} not missing a beat

[14:50] {strider} that was one of my idiotic 'looks like it's going up' plays.

[14:51] {Les} sorry, watching my CAT short. All will be will if CAT makes .26 Vad. then I'll buy champagne

[14:51] {nemo} this is turning into those bleeding downward days, where there aren't alot of good short entries

[14:51] {Threei} it's just way too narrow nemo

[14:51] {Threei} not a real selloff

[14:52] {nemo} yeah

[14:52] {nemo} oh, maybe we shouldn't speak too soon

[14:52] {Threei} look at NQ, it;'s barely 12 points off day's high

[14:52] {Threei} GLD is the best short so far

[14:52] {Threei} WFC hasn't even lost that 26

[14:54] {Les} out CAT .26, +.20

[14:54] {Threei} nice

[14:54] {BillyD} gj les

[14:54] {Threei} now I have l,obster AND champagne

[14:54] {Threei} lunch start looking pretty darn good

[14:56] {patience} excuse me....what about my lobster lunch you're buying

[14:56] {Threei} I am buying?

[14:56] {Threei} hmmm

[14:57] {Les} have to make it Australian champagne Vad. French Euro cuts into my profits

[14:57] {Threei} I must have missed something

[14:57] {patience} just practising my re-writing of history

[14:57] {Threei} ahhh

[14:57] {Threei} no chance to beat russians at that

[14:57] {Threei} USSR was called "the country with unpredictable past" not for nothing

[14:58] {Threei} bounce is coming, GLD

[14:59] {Threei} .56 long if holding .45

[15:02] {Threei} 1 cent to 1:1?

[15:02] {Threei} come on

[15:02] {Threei} stop to under .50

[15:03] {Threei} not going to lose on it more than a fe cents

[15:03] {Threei} few

[15:03] {patience} out hgd, don't want to be greedy

[15:05] {Threei} les, you covered CAT 1 cent above low

[15:05] {Les} saw that

[15:05] {Threei} not bad

[15:05] {Les} was watching level 2

[15:05] {Threei} wow

[15:05] {BillyD} no luv

[15:05] {Threei} bids get seriously pulled from under GLD today

[15:07] {Threei} no hatred to it today, worked fine for us... just too bad we haven't used to it behaving, so didn't stay in short for longer

[15:09] {strider} GLD support at .14

[15:09] {strider} nemo's kind of support.

[15:11] {strider} long over .40, vad?

[15:11] {Threei} doesn't look right

[15:12] {Threei} another leg down is more likely

[15:12] {nemo} short into .45

[15:15] {Les} short gld. 40

[15:15] {Les} out +.10

[15:15] {Threei} why not

[15:15] {Threei} sounds like a good day Les

[15:16] {Les} not green, but getting technique down pat

[15:16] {Les} slowly

[15:16] {strider} Are you on Laser now, Les?

[15:17] {Les} IB

[15:17] {strider} k

[15:17] {Les} but only paper

[15:17] {nemo} you be what?

[15:17] {Les} kicking you

[15:18] {nemo} vad....do the honors

[15:18] {Les} ;)

[15:18] {Threei} nah... I practice being gentle today

[15:18] {nemo} leavin' me twistin' here vad

[15:18] {strider} I wouldn't bet this one either way

[15:19] {dino} in my best swiper voice; "awwwwww mannnnn" only on trade this afternoon. could have went home at 11:00 am

[15:19] {strider} who or what is swiper?

[15:20] {dino} kids' cartoon, think it was dora the explorer

[15:20] {Les} lol yeh I remember hiim

[15:21] {nemo} Well, then there was Glum on Gulliver's Travels, "We're doomed for sure."

[15:21] {dino} a bad racoon i believe

[15:21] {nemo} rimm wedge

[15:21] {Les} AONE b/d on .10 trigger?

[15:22] {dino} i typed it because, afternoons used to be my most profittable time of day, as i start slow

[15:22] {strider} dino, that's cause you get here 2 minutes before the bell} :)

[15:22] {nemo} nice one

[15:22] {Threei} well

[15:22] {Threei} chart wise yes

[15:23] {Les} vol. sucks

[15:23] {Threei} but volatility can be horrifying on AONE

[15:23] {dino} actually i'm in at 9:00 am, just doing my scanner and news rounds first

[15:23] {Les} k

[15:23] {strider} Well, excuuuuuuuuuuuuuuse me.

[15:23] {dino} nope

[15:23] {dino} :)

[15:23] {strider} aw c'mon.

[15:24] {dino} you guys are simply last on my to do list

[15:24] {strider} I figgered.

[15:24] {larisa} lol

[15:24] {BillyD} rofl

[15:24] {nemo} frig' watching you guys go back and forth missed .30 break fcx

[15:24] {Les} lol

[15:25] {nemo} oh and rimm broke the wedge

[15:26] {Les} ok ca suffit pour moi aujourd hui. A demain

[15:27] {nemo} wife's callin' huh?

[15:27] {Les} nah sleep calling. Mrs can wait

[15:31] {dino} all i had to do was hold meli, mtn and would've had awesome day, scalpers regrets

[15:31] {larisa} was just thinking about you and MTN :)

[15:31] {Threei} well, you know what happens when you decide to hold them

[15:33] {dino} ftbkd

[15:33] {Threei} ty dino but we need username too

[15:33] {dino} lol larisa, did you see me knock my head against the wall

[15:33] {larisa} yes :)

[15:37] {Threei} so far, no sel,loff, no rally... sideays action and incredibly boring at that

[15:37] {nemo} gap down day

[15:37] {Threei} if not for that GLD short, I wouldn't be able to explain why I bothered to wake up today

[15:38] {BillyD} AIG is strong

[15:38] {strider} AMZN is getting ready to do something....no idea what.

[15:38] {nemo} siting right on yesterday's close

[15:43] {Threei} look at AET guys

[15:43] {nemo} what specifically?

[15:43] {Threei} a lo of talk about public option getting killed in Senate today

[15:47] {Threei} maybe a quick closing play on .50 breakout when overnight gamblers decide to take AET home for a gaop if that's what happens in Senate

[15:48] {strider} stop?

[15:49] {Threei} .40 is nearest support

[15:49] {dino} talk of increasing medicare to 50 years instead of 65, aet and wlp, hum all sell med supps

[15:49] {Threei} but that close to day's end may have to cloe the play on time

[15:49] {nemo} fcx finishing near low

[15:49] {Threei} 55 dino

[15:50] {dino} ironically that would be the easiest plan, covers basic health, if mor desired, purchase supss. altho medicare and medicaid are basically broke too

[15:50] {dino} my typing stinks

[15:50] {nemo} all there going to do is put a big tax increase in, setup huge deductibles and cover nothing

[15:50] {dino} unh too

[15:51] {dino} but my bet is nothing gets passed. what good is it if nobody can pay w/o jobs. congress finally seeing that

[15:52] {BillyD} focus needs to be supplying goods globally

[15:53] {nemo} fcx selling off

[15:53] {dino} nemo, imo catastophic plans would work. look at the heath msa's they make people think twice before running to doctors.

[15:53] {Threei} no attempt to break, AET

[15:53] {Threei} but as this battle draws th resolution, this is a stock to wtch

[15:59] {dino} out rino .31 -.24

[15:59] {Threei} kay guys

[16:00] {Threei} really boring day

[16:00] {strider} ywn

[16:00] {strider} yawn

[16:00] {Threei} have a nice evening hopefully more eventful

[16:00] {Threei} see you tomorrow

[16:00] {larisa} bye :)

[16:00] {strider} We're counting on some excitement from you tomorrow.

[16:00] {fernp} good evening everybody

[16:00] {patience} was a profitable day, who's complaining :)

[16:00] {strider} I'm down 5 bucks.

[16:01] {fernp} 30 bucks here, strider

[16:01] {strider} not so bad, considering my goofy amzn play.

[16:01] {fernp} i will survive

[16:01] {larisa} what did you do with AMZN strider?

[16:01] {strider} You're not gonna sing, are you fern?}

[16:01] {fernp} no, lol

[16:01] {strider} Just a rather arbitrary 'looks like it's going up' trade.

[16:01] {BillyD} Take care everyone, have a nice holidays

[16:02] {strider} Holiday?

[16:02] {strider} what holiday?

[16:02] {BillyD} no, i won't be in room for holidays

[16:02] {strider} ah...you're gone after today?

[16:02] {BillyD} wanted to wish happy holidays

[16:02] {strider} same to you....

[16:03] {BillyD} yes, I come and go from time to time

[16:03] {dino} up but light

[16:03] {larisa} bye Billy, happy holidays :)

[16:03] {BillyD} larisa :)

[16:03] {strider} up is good. For me right now, flat is good also.

[16:04] {strider} Still up for this week, though.

[16:04] {strider} See you all tomorrow.

[16:04] {dino} gj. flat or up is good day

[16:04] {strider} yeah.

Dec 07 2009

Decent day with a few shorts and longs. Mostly usual suspects in play: CAT, WFC, AIG etc.

Session Time: Mon Dec 07 00:00:00 2009

[08:06] {Threei} SOMX Receives response letter from FDA; NDA cannot be approved in present form (3.53, 0.00, 0.00%)

[08:10] {nemo} strider dcc

[08:20] {Threei} BLTXX Baltic Dry Bulk Index declines 1.7% (first decline in 4 sessions)

[08:29] {BillyD} GM Vad

[08:29] {Threei} Billy :)

[08:30] {Threei} *(CA) CANADA OCT BUILDING PERMITS M/M: 18.0% V 1.0%E

[08:30] {Threei} say what?

[08:31] {BillyD} wow

[08:38] {strider} SOMX just hit the deck.

[08:39] {Threei} was halted

[08:39] {Threei} I tried to short it when news came out

[08:41] {strider} not bouncing.

[08:42] {Threei} FDA rejection is tough thing for these small ones

[08:42] {BillyD} yesterday's darling is now today's orphan

[08:43] {Les} hello

[08:43] {BillyD} hi les

[08:43] {Threei} sic transit gloria mundi

[08:43] {Threei} morning les

[08:43] {Les} thanks to group mobbing and MPP, 2% risk rule is firmly understood

[08:43] {nemo} illegitimi non carborundum

[08:44] {Threei} cool beans les

[08:44] {Les} I understand now why you jump all over 10 cent stop plays Vad

[08:44] {BillyD} we were just wanting to help you Les :)

[08:45] {nemo} Not me...I like to kick a man when he's down

[08:45] {BillyD} rofl

[08:45] {Threei} easy... 1:1 is easier reachable when it's a smaller move in absolute terms, and with decent amount of shares it's safer and more consistent way to trade

[08:48] {Moose} gm all

[08:48] {Threei} Moose :)

[08:48] {Moose} :D

[08:49] {Les} yes, trading 50 shares and not even taking 1:1 was pretty lame in hindsight

[08:49] {Les} afternoon moose

[08:49] {strider} Morning everyone.

[08:49] {Moose} gm Les

[08:49] {Moose} strider

[08:49] {Threei} no more then, which takes me to this photo, courtesy of Raven, which you and moose will enjoy:

[08:49] {Threei} http://realitytrader.com/vad/LES.JPG

[08:49] {Threei} strider :)

[08:50] {Moose} lol.. there you go

[08:50] {Threei} :)

[08:50] {Moose} Les thought I was kidding

[08:50] {strider} Mr. vad.

[08:51] {ese} morning

[08:51] {Les} no way! they spelt "less" like that. Ok understand joke now

[08:51] {Moose} heh

[08:51] {Les} thought moose was taking poetic license

[08:52] {Threei} it's a triple level joke

[08:52] {Threei} beauty

[08:52] {Threei} play of words on les-less, more-moore

[08:54] {Les} oh wow your right

[08:54] {Les} didnt even see it

[08:54] {Threei} see all the variations? :)

[08:54] {Les} someone with very witty humour

[08:54] {Threei} yup... moose totally made my day on Friday

[08:54] {Threei} and Raven polished it with visual

[08:54] {Les} its plagiarisism, but I would definitely like that tombstone on my coffin

[08:55] {Les} plagiarism too

[08:55] {Threei} but your last name is not Moore

[08:55] {Moose} good point ... lol

[08:55] {strider} I used to know a Les Moore.

[08:55] {Threei} don't get upset though, you've got enough time to come up with your own {G}

[08:57] {Les} fcx has moved within 30 cent odd range premarket

[08:58] {nemo} Where is important support an resistance less, an why?

[08:58] {Les} is that less or les?

[08:59] {nemo} sorry les....les

[08:59] {fernp} Good morning everybody

[08:59] {Les} on 15 and 60 min... nothing

[08:59] {ese} morning fern

[08:59] {Les} on daily

[08:59] {Threei} fern :)

[09:00] {nemo} all time frames give clues les

[09:01] {nemo} les, did you see the write up with the charts on fcx?

[09:01] {Threei} ese :)

[09:01] {nemo} dude

[09:01] {Les} where?

[09:01] {ese} dude....vad

[09:01] {Les} Bill's place?

[09:01] {nemo} dcc les

[09:10] {Threei} MET CFO: 4th quarter results could be in high end of given range ($0.90-0.95 v $0.91e) -conf comments

[09:10] {Threei} - Continue to see attractive margins in structured securities (35.33, 0.00, 0.00%)

[09:11] {Moose} nemo... FCX writeup where?

[09:12] {nemo} dcc moose

[09:12] {Moose} ahh.. ok thks

[09:18] {larisa} gm :)

[09:18] {Threei} larisa :)

[09:18] {BillyD} larisa :)

[09:18] {BillyD} Vad, you interested in NVDA

[09:18] {Les} hi Larisa, ese, fern :)

[09:18] {larisa} :)

[09:18] {nemo} hi lari

[09:19] {larisa} nemo :)

[09:19] {Threei} I understand it moves on this

[09:19] {Threei} 17:14 INTC To cancel launch of first chip based on the Larrabee design - WSJ

[09:19] {Threei} - The chip was expected to deliver complex graphics for videogames

[09:20] {BillyD} right

[09:20] {dino} gm all

[09:20] {BillyD} hey dino

[09:21] {Threei} dino :)

[09:22] {Threei} I'd wait for a decent pullback Billy... NVDA is a ery heavy stock, I have hard time believeing it would act frisky on such gap

[09:22] {BillyD} ok, just seeing if on your list

[09:22] {lasertrev} gm

[09:22] {BillyD} trev

[09:22] {Threei} trev :)

[09:23] {lasertrev} hi Billy, Vad

[09:25] {nemo} things looking like they're setting up for a drop on the open

[09:25] {ese} traded NVDA for quite a while it doesn't move very quickly billy as vad says

[09:25] {Threei} same impression, just don't want to get caught in opening volatility

[09:25] {nemo} nope

[09:25] {Threei} keeping an eye on WFC for possible short

[09:26] {nemo} having said that, fcx sitting right at support

[09:26] {BillyD} thx ese

[09:27] {Threei} decent pullback NVDA

[09:28] {ese} as a matter of fact....this is the biggest gap i've seen on it in a year.....i would expect big time pull back

[09:28] {BillyD} that was nasty little trick

[09:28] {dino} ubsi spkie

[09:29] {magoo} klhDKLHd

[09:29] {ese} if i remember correctly i caught the breakout at 10.50 in march with about 50k

[09:29] {dino} nvda up 5 days in row, buy the rumor sell the news, intc

[09:29] {Threei} mags :)

[09:29] {BillyD} good point dino

[09:29] {Threei} let's see if WFC gives us nice tight range with .95 break as short trigger

[09:29] {ese} mags (*&&^%KJH

[09:31] {Threei} Short Setup: NVDA .90 break

[09:31] {Threei} if stays under 16

[09:32] {BillyD} low AIG volume

[09:33] {Les} wfc resistance .20 at present

[09:33] {Les} fas

[09:33] {Les} sorry

[09:33] {Threei} watching JASO for long near .50

[09:34] {strider} pullback?

[09:34] {Threei} if gets there

[09:34] {Threei} not really breakout stock, too thick

[09:36] {Threei} Long Setup: RIMM .55

[09:36] {ese} DIS breakout crossed 31.10

[09:36] {Threei} ugh, late

[09:36] {magoo} in

[09:37] {Les} CAT not going with market yet

[09:37] {Threei} take profit here mags

[09:38] {strider} JASO?

[09:39] {ese} out my drys position.......+.09 on 60k of it

[09:39] {Threei} not pulling back enough, and I am not jazzed about buying break on it

[09:39] {ese} should have taken it at ,50 last week

[09:40] {ese} L dis .15

[09:40] {Threei} beter than poke in the eye ese

[09:40] {ese} ya true

[09:41] {ese} don't know what to make of it right now......better safe sthan sory

[09:41] {Threei} USD/RUB (RU) Russian Central Bank (CBR) purchased $7.3B and 745M in Nov (related EUR/RUB )

[09:41] {Threei} heh

[09:41] {Threei} so much for all the diversification talk

[09:42] {ese} out dis .21 +.06

[09:42] {Threei} frikin AIG does it again

[09:42] {Les} wfc .10 b/d with .20 stop?

[09:42] {Threei} watch it for possible entry if gives sharp fast pullback to under .210

[09:42] {Threei} under .20

[09:43] {Threei} WFC... need more clarity and market help

[09:43] {Threei} but overall looks right for such setup

[09:43] {strider} under .20 this is AIG?

[09:44] {nemo} huh...aig looks like massachusetts on the chart

[09:44] {Threei} yes strider

[09:44] {strider} long gone. :)

[09:44] {Threei} hmmm... nemo, I pity to doctor who has to show you those Rorshach(sp?) ink spots

[09:44] {strider} aep

[09:45] {strider} sorry, wrong keyboard.

[09:45] {Threei} I mean pullback strider

[09:45] {Threei} never happened

[09:45] {magoo} out AIG .91 + .51

[09:45] {magoo} TY vad on alert

[09:45] {strider} yeah...that's why I said long gone.

[09:45] {Threei} sure

[09:45] {magoo} had the feel

[09:46] {BillyD} nice one mags

[09:46] {magoo} well..dammit

[09:46] {Threei} no kidding

[09:47] {magoo} i had the correct feel

[09:47] {magoo} just it burns me so often

[09:48] {magoo} might be the day vad..AIG

[09:48] {magoo} lets watch it

[09:49] {nemo} cat vad

[09:49] {Threei} CAT is short in my eyes

[09:49] {Threei} Short Setup: CAT 58 break

[09:49] {Threei} if stays under .20

[09:50] {magoo} mkts turning up here

[09:51] {nemo} akam vad l ..95 break stop under .85?

[09:51] {Threei} doesn't feel right to me

[09:51] {nemo} invalimudated anyway

[09:51] {Threei} volume is all worng

[09:52] {Threei} Long Setup: AIG half lot .20 break

[09:54] {Moose} invalid?

[09:54] {Threei} no need to say, invalidated

[09:55] {Moose} yep

[09:55] {Threei} (US) Reportedly White House has approved rule allowing EPA to regulate Co2

[09:55] {nemo} oh oh

[09:55] {Threei} lol

[09:55] {Moose} gotta hold your breath now

[09:55] {Threei} you prepare to fight them at the door, they just sneak through the window

[09:55] {nemo} don't need copenhagen treaty now..they'll just slam us

[09:55] {fernp} SANM .40 break, Vad?

[09:56] {Threei} SANM is chinese torture stock

[09:56] {fernp} torture stock? ok. forget it

[09:56] {Threei} *note: EPS is expected to give press conference later in the afternoon expressing its changed view, making Co2 a pollutant which can then be regulated

[09:56] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions

[09:57] {nemo} great...breathing is pollution

[09:58] {Les} screw breathing. what is the EPA gonna do about all the cows you guys got?

[09:59] {Les} plug their butts?

[09:59] {Threei} cork plugs I'd think

[09:59] {nemo} that's not co2

[09:59] {Moose} Les, I'm eating them as fast as I can!

[09:59] {nemo} I thought moose were herbavores

[10:00] {nemo} herbivores

[10:00] {Moose} { outcast

[10:00] {dino} lol

[10:01] {Threei} WFC remains a weakling

[10:01] {nemo} nuva been happy last couple of days

[10:01] {Threei} .95 is still attractive short trigger

[10:02] {Threei} 27.10 is resistance for stop placement

[10:02] {BillyD} what is stop .05

[10:02] {Threei} .05 for hard core scalpers

[10:02] {Threei} and it looks like much more than scalp to me

[10:03] {Threei} with any market help, capable of a bigger move

[10:04] {Moose} 1:1 i assume

[10:05] {Moose} tgt 26.80

[10:05] {strider} missed it.

[10:05] {Threei} wow... it was easy entry

[10:06] {strider} guess I'm a doofus.

[10:06] {strider} had entry at .94

[10:06] {dino} aapl bruised

[10:06] {BillyD} I was slow here and missed

[10:06] {dino} bth interesting

[10:06] {dino} mon not following ferys

[10:06] {dino} ferts

[10:07] {Threei} .95 was there for hitting...

[10:07] {BillyD} was waiting for actual break

[10:07] {dino} pru gives all met news back

[10:07] {Threei} it was actualy break... low was .96

[10:07] {Threei} so .95 was a trigger

[10:07] {dino} mon hl l .50, stop .22

[10:07] {Moose} thats how i understood it

[10:07] {BillyD} thought .95 break was trigger...lol

[10:08] {BillyD} vAD, TOO LATE TO ENTER NOW??

[10:08] {Threei} looks like bounce to shoert to me

[10:09] {magoo} r u screaming he he?

[10:09] {BillyD} sorry

[10:09] {Threei} volume drops on FAS, WFC and market

[10:09] {Threei} so, short is valid

[10:11] {magoo} rimm stronger than mkt

[10:11] {BillyD} yeah

[10:11] {Threei} ASIA is crazy

[10:13] {Threei} S&P signs agreement to jointly develop new Treasury Indices with BGCantor

[10:13] {Threei} - The new U.S. Treasury Bond Indices, expected to launch in the first quarter of 2010, will use end of day U.S. Treasury bond pricing from BGCantor Market Data, and will be maintained and published by S&P Indices. The joint effort will result in U.S. Treasury Indices designed to meet custom requirements, liability driven investing and portfolio building strategies.

[10:14] {strider} short WF 27

[10:14] {strider} WFC

[10:15] {dino} wag hl l .91

[10:15] {dino} stop .59

[10:17] {Threei} Long Setup: AIG .60

[10:17] {Threei} if stays above .50

[10:17] {dino} pru hl l .75 stop .43

[10:18] {strider} in AIG .61

[10:18] {Threei} US) Commerce Secretary Locke: says patent office will give priority to granting "green" technology patents as quickly as possible

[10:18] {Threei} - policy aims at better competition with China and India

[10:19] {strider} stop WFC above .10?

[10:19] {Threei} yes

[10:19] {Threei} no worky WFC

[10:20] {Threei} AIG should spike now

[10:20] {Threei} AIG 1:1

[10:20] {nemo} 1/2 out .70

[10:20] {fernp} stopped WFC looked fine...

[10:21] {Threei} not all of them work... shrug and move on

[10:21] {magoo} vad, any play on ASIA?

[10:21] {nemo} jeez vad...

[10:21] {fernp} took my 1:1 on AIG ty Vad

[10:22] {Threei} tough read mags

[10:22] {Threei} maybe on deep pullback will be asier

[10:22] {larisa} lol

[10:22] {magoo} its avaoil short too

[10:22] {Threei} ok... easier :)

[10:22] {larisa} asier on ASIA is better :)

[10:23] {Threei} that was honest mistype, lol

[10:23] {Les} cat?

[10:23] {magoo} dog?

[10:24] {magoo} mouse?

[10:24] {magoo} rat/

[10:24] {Moose} moose?

[10:24] {magoo} goose?

[10:24] {Les} dino, hit him

[10:24] {Threei} AIG 1:2

[10:24] {Moose} mistake to goose a moose!

[10:25] {magoo} nice AIG boss

[10:25] {Threei} CAT... .80 break is ashort setup... but they don;t work today

[10:25] {magoo} read on FCX boss?

[10:25] {Threei} I am out AIG

[10:25] {Threei} too close to 1:3 to risk it

[10:26] {Threei} GCX not really

[10:26] {Threei} but CAT short is more and more tempting

[10:26] {magoo} how about fcx?

[10:26] {Threei} that was FCX

06[10:26] * Threei slaps magoo around a bit with a large volume of Threeish-English Dictionaru

[10:27] {magoo} try and tell BEAR that when buy wrong synbol lol

[10:27] {fernp} WMT .80 break, Vad?

[10:27] {Threei} wow... been a while since we played this one

[10:27] {Threei} setup is right

[10:27] {Threei} but don't count on it being fast

[10:28] {nemo} no...serious water torture

[10:28] {Les} :)

[10:28] {Threei} yeah... WMT used to be much faster

[10:29] {nemo} amzn might be double topping here

[10:30] {magoo} FCX obital

[10:30] {dino} scanners solid green

[10:30] {magoo} GCX too :)

[10:30] {Threei} actually, not bad speed for WMT

[10:30] {fernp} out +.10 WMT ty Vad

[10:30] {Threei} 1:1

[10:31] {Threei} NVDA stalled and flatlined

[10:32] {ese} l drys .28

[10:32] {dino} out mon .74, +.24

[10:32] {Threei} look at SANM fern

[10:32] {fernp} yes

[10:33] {dino} cagc

[10:35] {strider} holding 4 partial of AIG with stop @ .69

[10:35] {strider} 4th

[10:36] {ese} l fitb ..269

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 220M shares, about 19% below its three-month average; advancers lead decliners by 1.7:1.

[10:37] {Threei} - NASDAQ volume 485M shares, about 11% below its three-month average; advancers lead decliners by 1.4:1.

[10:37] {Threei} - VIX index +3.5% to just over 22.00

[10:37] {nemo} market up vix up, that's different

[10:38] {Threei} and dollar

[10:38] {nemo} I've got $ slightly down right now

[10:39] {BillyD} AKAM short idea if breaks .39 w.50 stop

[10:40] {dino} meli

[10:40] {Threei} I like it Billy

[10:40] {BillyD} actually, want some consolidation under .50

[10:41] {Les} CAT approaching bottom of range again

[10:41] {BillyD} the .53 spikes make me hesitate

[10:41] {Threei} watch those huge bids

[10:41] {Threei} .41 and .39

[10:41] {BillyD} ok

[10:42] {strider} sstopped balance AIG .72

[10:43] {Threei} very nice management of the play

[10:45] {strider} held a little back hoping for 31, but didn't get there.

[10:45] {dino} gj

[10:45] {Les} CAT closer to b/d vad. seems to be consolidating?

[10:45] {strider} thx

[10:46] {Threei} I am puzzled about it Les

[10:46] {Threei} chart is right

[10:46] {Threei} but none of these setups worked today

[10:46] {Les} It's gotta be "them"

[10:47] {Threei} breakdown are either get invalidated (9 out of 10) ot stopped out (remaining 1)

[10:48] {Threei} it feels like end of week action encouraged bears too much,

[10:48] {nemo} yeah, I almost got caught in a cat short earlier

[10:48] {fernp} invalidated AKAM Billy

[10:48] {Threei} so market has to shake up that confidence once again

[10:48] {BillyD} yes

[10:48] {Les} how rude

[10:51] {Threei} on the other hand, market loses morning enthusiasm

[10:51] {nemo} but...does that turn to market coma, or fear

[10:51] {Threei} good question

[10:52] {Threei} I wish I had worthy answer

[10:52] {nemo} me too...may be nap time

[10:52] {Threei} let's put it this way:

[10:52] {Threei} if market starts dropping sharply, CAT is one of the best candidates,

06[10:52] * nemo crawls in cave, closes door, pulls blanket over head, grabs teddy

[10:53] {Threei} and if it leaves us a window of opportunity for entry, great

[10:53] {nemo} should retest the .50 area if it rops

[10:53] {Les} I was thinking here at .80 vad

[10:53] {Threei} here comes trigger

[10:54] {strider} short at .71?

[10:54] {Threei} why .71? .75 break was a trigger

[10:54] {fernp} shorted at .74

[10:54] {fernp} stop is above .90?

[10:55] {Threei} right

[10:55] {fernp} thanks

[10:55] {strider} because .72 was lod....hadn't been following all the conversation.

[10:55] {Threei} .75 was lod

[10:55] {strider} in at. 74

[10:55] {Threei} .72 is new one formed after .75 gave up

[10:56] {Threei} OK market, let's drop

[10:56] {Les} ok, didn't realise that was a call. short at .74

[10:56] {nemo} you've got recent swing lows from Friday of .60 and .48

[10:56] {Threei} les, how do you tell a call from nor a call

[10:56] {Threei} we see chart, we discuss it

[10:56] {Les} big green/red square

[10:56] {Threei} shrug

[10:56] {Les} thats ok

[10:57] {Les} will adopt vads ways given time

[10:57] {Threei} that's for easy visual... not a gospel

[10:57] {strider} then he'll just change them.

[10:57] {Threei} don't take it as "if no bright color loud scream alert, no play"

[10:58] {Threei} lol strider

[10:58] {dino} lol

[10:59] {dino} melo hl l .01, stop .73

[11:00] {nemo} meli dino?

[11:00] {dino} yes, typo

[11:00] {nemo} vad's a bad influence

[11:00] {dino} indeed

[11:00] {dino} feeling double bottom just occurred on it nemo

[11:01] {nemo} looks good

[11:01] {dino} bth, interesting, waiting 29.30s

[11:01] {Threei} who, me bad influence??

[11:01] {Threei} me is the worst!

[11:02] {Threei} and btw... look who is talking

[11:02] {nemo} duh...I have expertise and experience in this area

[11:04] {ese} out fitb .32 +.06

[11:04] {BillyD} out CAT ty

[11:04] {dino} gj

[11:04] {dino} nemo,i missed exit .25

[11:04] {Threei} nice and easy

[11:04] {Les} out .71 and done. nice to touch a workable trade today

[11:04] {fernp} ty

[11:05] {Threei} played out exactly as we decided to try it:

[11:05] {dino} no touchy touchy les

[11:05] {Threei} market sharp move down, little delay by CAT

[11:05] {strider} out 1/2

[11:05] {Threei} window for entry

[11:05] {Threei} .71 Les??

[11:05] {Les} .61 my bad

[11:05] {Threei} whew

[11:06] {Threei} scared the bejeezus out of me

[11:06] {dino} out meli, .30 +.29

[11:06] {Les} sorry. Nemo's remarks were useful

[11:06] {Threei} I thought "okay, if les continues trading for 3 cents profits, I'll have to unholster that .44 mahnum"

[11:06] {Les} rofl

[11:07] {Threei} and I firmly pklanned on not murdering anyone today

[11:07] {fernp} just one mistaken: I've covered CAT pressing SELL buttom...

[11:07] {dino} how soon les forgets dino

[11:07] {Threei} wow fern

[11:07] {strider} good for you , Raskalnikov.

[11:07] {Les} ? dino?

[11:07] {Threei} lol...

[11:08] {Threei} fern, ended well?

[11:08] {strider} It's nice to take a day off once in awhile.

[11:08] {fernp} yes, yes

[11:09] {strider} Vad, if you've got .15 for 1:1, do you wait for .30 for second partial?

[11:09] {magoo} sqnm

[11:09] {Threei} as a rule, yes

[11:10] {BillyD} Vad, watching if AKAM sets up again

[11:10] {patience} .

[11:11] {Threei} very uch so Billy

[11:11] {Threei} those huge bids are very interesting

[11:11] {Les} scam bids?

[11:11] {Threei} nope

[11:11] {BillyD} you shouldn't fake out the mkt Vad

[11:11] {Threei} some selling into first of them went through, and they did take it

[11:11] {BillyD} hehe

[11:11] {magoo} FCX going over 80 imo

[11:13] {Threei} market slowed down considerably

[11:13] {Threei} latest catch:

[11:13] {Threei} http://www.realitytrader.com/photography/

[11:14] {Threei} ese/patience area

[11:14] {BillyD} nice Mt. Baker shot

[11:14] {Threei} ty

[11:15] {Threei} I've got quite a few of those

[11:15] {patience} you didn't include my roses that are blooming :)

[11:15] {Threei} gotta do a separate post on that mountain alone

[11:15] {Threei} just not in a flowrish mood :)

[11:15] {Threei} flowersih

[11:15] {Les} ooh that is nice, the mountain

[11:16] {fernp} the last one is very beautiful

[11:16] {Threei} ty

[11:16] {Les} you could be in switzerland with such a photo

[11:16] {Threei} technically first one was the most difficult

[11:16] {Les} looking at such a photo

[11:16] {Threei} shot right into the sun

[11:16] {ese} beautiful pictures of cattle point vad

[11:16] {Threei} ty

[11:17] {ese} and you didn't stop in for coffee

[11:17] {Threei} sorry... next time :)

[11:17] {ese} ohhhhh patience.......someone needs a talking tooooooooo!

[11:17] {Threei} there were 4 girls taking group photos in light dresses... amazing view for the December

[11:18] {dino} indeed

[11:18] {ese} ahhhhhhhhhhhh hhaaaaaaaaaaaaa!!!!!!!!!!

[11:18] {Threei} AKAM forms that .50 resistance

[11:19] {ese} well indeed everyone...........thats is indeed my end of town here in victoria

[11:20] {Threei} invalidated again

[11:20] {BillyD} 75K block Vad

[11:20] {Threei} yeah

[11:20] {BillyD} maybe that buyer be gone and might fall

[11:20] {BillyD} who knows

[11:21] {ese} mt. Baker was stunningly clear on the weekend.......

[11:21] {strider} YOu all need some more air pollution, ese.

[11:21] {strider} protects the eyes from all that clarity.

[11:22] {fernp} lol

[11:22] {Threei} I like your thinking

[11:22] {Threei} this mountain is about 100 km from us

[11:23] {Threei} amazing for tele lens can do ej

[11:23] {ese} the physics guy at my school explained it to me.... a little warmth on the ocean creates a convex type camera lens with the moisture rising......magnifies the other side quite significantly

[11:23] {nemo} that's same reason moon looks so big when it's low in the sky: looking through more atmosphere than when it's high in the sky

[11:23] {strider} cmon CAT.

[11:23] {Threei} who is partialling CAT?

[11:24] {strider} me

[11:24] {ese} definitely nemo

[11:24] {strider} offer at .51

[11:24] {Threei} bid

[11:24] {strider} sorry, bid.:)

[11:25] {Threei} watch your terminology... that's exactly why some hit sell instead of buy when cover (Threei is squinting at fern)

[11:26] {fernp} if we play AKAM short, stop should be above .60, all other levels seem a bit feeble

[11:26] {strider} I keep a little text box over each L2, so I can type my position in. Helps keep me straight.

[11:27] {strider} lightening up at .56

[11:27] {strider} looks like it might be a bottom.

[11:28] {Threei} traail to above .60

[11:28] {Threei} protect yourself from reversal

[11:29] {Les} FCX

[11:30] {Threei} out strider?

[11:30] {strider} no

[11:30] {strider} still 1/4

[11:30] {Threei} okay

[11:30] {ese} L fitb .3192 sheesh wha da ya say we call it .32 ehhhhhh live a ltttle dangerously

[11:30] {Threei} stop to above .60

[11:31] {strider} k

[11:32] {strider} out .49

[11:32] {strider} thanks vad

[11:33] {Threei} :)

[11:37] {nemo} aapl volume huge today

[11:40] {fernp} WFC on lows

[11:41] {BillyD} WFC hasn't been nice to me lately so I took it off my screen

[11:42] {nemo} smart stock

[11:43] {fernp} That happen to me with HIG, Billy

[11:44] {nemo} lunchtime on a coma day...oy

[11:45] {ese} out fitb .36 +.04

[11:48] {dino} fgxi

[11:48] {Threei} {GXI} what did I ever do to you dino?

[11:48] {dino} lol

[11:49] {strider} from Dec. 3rd: : FGX International initiated with an Overweight at Stephens

[11:49] {strider} Target $20.

[11:49] {strider} Maybe my chart's upside down.

[11:51] {Threei} NQ less than 10 poins range

[11:52] {Threei} are we good or what

[11:52] {strider} Financial statements out today for FGXI

[11:52] {Threei} well... except sense of humor

[11:52] {strider} no. wrong.

[11:52] {dino} could be strike pay on it

[11:52] {Les} strider they frame works of art and demand ridiculous sums of money for charts like FXG http://up.widget.mibbit.com/up/4dp21Gzn.gif

[11:52] {Threei} still can't believe no one fiound GXI joke funny

[11:52] {strider} forget it.

[11:52] {strider} hahahaha...

[11:53] {Threei} yeah right

[11:53] {strider} just because vad said it.

[11:53] {dino} mon hl .25 l

[11:53] {Threei} mercy laugh

[11:53] {Threei} I don't aceept even mercy ... mm, never mind

[11:53] {strider} CAT looks like a dino long here.

[11:53] {fernp} OSIP if returns to live and break 35 could be interesting

[11:54] {dino} sure w/stop at lod

[11:55] {strider} you know what vad said when he walked into a bar?

[11:56] {magoo} wheres magoo?

[11:56] {strider} exactly.

[11:56] {strider} stole my thunder.

[11:57] {Threei} hmmm... my usual icebreaker in the bar is "shot of cogjnac and salted cucumber please"...

[11:57] {BillyD} you get a funny look?

[11:57] {Threei} if I go all fancy, it's champaign and pickled cucumber

[11:58] {Threei} no, I get a cgnjack and cucumber

[11:58] {BillyD} I see your mood

[11:59] {Threei} then magoo comes with beer and Alaska king crab legs, and ruins harmony

[12:01] {Threei} he would probably be better convive if not for the habit of shooting in the window every time deer walks by

[12:01] {Threei} I go deaf at the end iof the day... and broke paying for all the broken glass

[12:02] {strider} I would have thought magoo hunts the same way he trades: just jump on their back and ride them till they drop dead.

[12:03] {nemo} are you talking about hunting or his affinity for sheep?

[12:03] {strider} I ain't going there.

[12:03] {Threei} ouch

[12:03] {Threei} lol but ouch

[12:04] {Threei} but lol

[12:04] {Threei} OSIP got smacked good

[12:05] {fernp} yeah

[12:07] {dino} lol nemo

[12:07] {nemo} :)

[12:08] {Threei} sheesh dino... you really need to do something about that dial-up connection

[12:09] {larisa} may be he is just too focused trading, we need to fix that bad habit :)

[12:09] {dino} lol

[12:09] {dino} larisa is correct

[12:09] {dino} trying to figure out fgxi entry

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * nemo slaps magoo around a bit with a large sheep

06[12:10] * nemo slaps magoo around a bit with a large sheep

06[12:11] * nemo slaps magoo around a bit with a large sheep

[12:11] {strider} help! I can't breathe in here.

[12:11] {Les} yeh time out for me. back later

[12:12] {strider} You might wanta edit this one, vad.

[12:12] {ilana} great, they've got lots of new stuff

[12:12] {ilana} grilled scalop

[12:13] {Threei} who?

[12:13] {strider} I gots to run. Maybe be back before the close.

[12:13] {ilana} ooops wrong window

[12:13] {fernp} back in an hour, I have to go to airport. Please, don't make any winner call in my absence :-)

[12:14] {Threei} hey, if you all left, what am I doing here?

[12:14] {nemo} well, you coul always fade the loser call and win fern

[12:14] {strider} not my problem. :)

[12:15] {Threei} ok, hurry up everyone... now that les, fern and strider left, let's make money quickly

[12:17] {fernp} grrrrrr

[12:17] {Threei} no such symbol

[12:18] {strider} short 5k grrrrrr

[12:19] {strider} I'm trusting you on this one, vad.

[12:19] {strider} I'll leave it open till I get back.

[12:23] {magoo} dammit AIG

[12:24] {nemo} that was out of the blue

[12:25] {magoo} its diferent today vad..has some momo

[12:25] {Threei} ALTH

[12:25] {Threei} Allos Therapeutics Inc Citi defending ALTH; Reitierates Buy rating, price target $15 (timing uncertain)

[12:25] {Threei} - Firm believes the current valuation does not fully reflect the commercial potential of FOLOTYN or any of its future potential indications. Data from the Phase 2b study of FOLOTYN in NSCLC is expected in 1H 2010.

[12:25] {Threei} hmmm

[12:25] {Threei} $6 stock, target 15, and no even uptick?

[12:26] {magoo} unless its the greatest entry ever

[12:26] {Threei} on another hand,

[12:26] {Threei} ALTH UPDATE: Wells Fargo Cuts ALTH to Market Perform from Outperform, price target: $6-7

[12:26] {Threei} - pre-open

[12:26] {Threei} shrug

[12:26] {Threei} I'll wait until they duke it out with each other'

[12:27] {Threei} althoug if pressed, I'll pick WFC

[12:27] {Threei} their stock is more expensive so they ought to know better, right?

[12:27] {nemo} qqqs treading support

[12:28] {Threei} CNBC notes the Supreme Court hearing a case today that could lead to modifications to Sarbanes Oxley legislation

[12:28] {Threei} what's that?

[12:28] {nemo} qqqq

[12:28] {BillyD} AKAM took one of the big bids

[12:28] {Threei} .41 is still there

[12:29] {Threei} was it .39 one that moved higher?

[12:29] {BillyD} yes, I think so

[12:29] {BillyD} it was around same size as .41

[12:33] {Threei} looks more and more tempting

[12:33] {BillyD} yes

[12:33] {Threei} and continues pewcking at that low so stubbornly

[12:33] {Threei} pecking

[12:34] {BillyD} our bidder left

[12:34] {Les} fcx consolidating?

[12:34] {BillyD} momentarily I bet

[12:34] {nemo} looks up les, but it's lunch

[12:35] {nemo} whoa huge volume on fcx

[12:36] {magoo} nice spot guys

[12:36] {nemo} .65 .70 area should stop

[12:36] {Les} wow wasn't expecting that. a bounce before the reversal?

[12:37] {magoo} WOW

[12:37] {magoo} AIG trying too

[12:38] {Threei} Fed's Bernanke: There is some way to go before we can be sure the US economic recovery is self sustaining

[12:38] {Threei} - Sees modest growth in 2010, enough to lower unemployment rate.

[12:38] {Threei} - Household spending is unlikely to grow rapidly

[12:38] {Threei} - US economy still facing "significant headwinds," headwinds for growth in clude tight credit and the weak job market.

[12:38] {Threei} - Inflation may decrease further from current level. Long-term inflation appears stable.

[12:38] {Threei} - Raising interest rates on reserves held at the Fed will be an important tool for tightening policy.

[12:38] {Threei} - Fed funds rate can rise even with a large Fed balance sheet

[12:38] {Threei} - Regional Fed structure gave policymakers perspective on main street during crisis.

[12:39] {Threei} looks like market wanted to hear anything but "we start tightening rates now"

[12:39] {Threei} I doubt however this will ignite sustainable rally

[12:42] {dino} fgxi hl l ave .85 ave

[12:43] {dino} need appt to buy it

[12:44] {BillyD} FCX if takes 80 and holds .80 area maybe

[12:44] {nemo} careful looking short

[12:45] {BillyD} thx

[12:46] {magoo} long before short imo

[12:47] {magoo} should xplode thru 80

[12:47] {magoo} c'mon...sigh

[12:50] {magoo} .08 not xplosion....38 oolio

[12:50] {nemo} cat

[12:52] {magoo} thats an xplosion

[12:52] {Threei} nice find guys

[12:52] {dino} out mon .60, +.35

[12:53] {Les} we getting close to double top on fcx now?

[12:53] {larisa} price is advancing on falling indicators FCX, would not stay in long for too long :)

[12:54] {dino} out fgx .11 ave, +.26

[12:55] {magoo} should go .40 area

[12:56] {nemo} rmaybe even .60

[12:56] {Les} we talking fcx still?

[12:56] {magoo} ya ya

[13:03] {magoo} waiting .43

[13:03] {magoo} from .69

[13:05] {nemo} I'd cover mags

[13:05] {nemo} or at least partial

[13:06] {magoo} out

[13:10] {nemo} shrot fcx .05 stop .15

[13:12] {Les} short. .12

[13:13] {Les} out .01

[13:13] {Les} back to dinner

[13:13] {Threei} lol

[13:14] {Threei} what kind of trading is that... spoilinh digestion

[13:15] {dino} pru hl l .25

[13:15] {dino} stop .98

[13:15] {nemo} stopped fcx.

[13:16] {Threei} anyone needs to know Hungary budget balance?

[13:17] {Threei} whatever... some day you will need it, and I won't be around

[13:17] {larisa} ok, tell us

[13:17] {Threei} suuuure... now you want to know

[13:18] {Threei} US) EPA formally declares greenhouse gases a danger to public health and welfare, allowing agency to regulate Co2 emissions

[13:19] {nemo} $ fallling

[13:19] {nemo} falling

[13:20] {Threei} Ben said "extended period of lower rates"

[13:20] {Threei} so...

[13:20] {larisa} in the future or he is counting the past?

[13:21] {Threei} no, in the future

[13:21] {Threei} so USD reacts accordingly

[13:21] {Threei} Just 15% Favor Higher Gas Tax To Fund More Transportation Projects

[13:21] {ese} gotta go....still long drys .275.....up a cent and a 1/2 now we'll see take care

[13:22] {Threei} how soon "new tax" will cause strong vomiting in 100%

[13:22] {Threei} take care ese

[13:24] {Threei} Long Setup: GLD .90

[13:24] {nemo} cya

[13:25] {Threei} 20 cents spike right on break

[13:25] {fernp} im back

[13:28] {Threei} take profit who went for secondary entry

[13:28] {Threei} 30 cents on second chance

[13:29] {Threei} not interested in third time

[13:29] {Les} in and out .14 - .22. someone took my offer without waiting. back to dinner

[13:30] {Threei} what kind of dinner is that

[13:30] {Threei} frozen pizza without heating it up or what

[13:31] {Moose} don't eat the yellow snow where the eskimos go

[13:31] {nemo} huskies moose

[13:31] {Moose} and moose

[13:31] {nemo} and badgers

[13:31] {nemo} Frank's rolling in his grave

[13:32] {Threei} and chukcha

[13:33] {Moose} nemo... it just dawned on me what you said... lol

[13:34] {Moose} Frank Zappa

[13:34] {nemo} hehehehe

[13:34] {Moose} :P

[13:34] {Threei} too deep cultural reference.. lost on me

[13:34] {Moose} Frank Zappa sang that song

[13:34] {nemo} well, it's not Tolstoy

[13:34] {nemo} or Anatole

[13:34] {nemo} hehehehe

06[13:35] * Threei slaps nemo around a bit with a large volume of Kurt Vonnegut

[13:35] {nemo} "Watch out where the huskies go, don't you eat that yellow snow!"

[13:36] {fernp} WFC short here, Vad?

[13:37] {Threei} ugh

[13:37] {Threei} yes

[13:37] {Threei} but I don't know :)

[13:37] {Threei} I mean, chart is beautiful

[13:37] {Les} for what. 2 cent movement?

[13:37] {Threei} and out of all such charts, only one worked today

[13:37] {Les} dinner finished. and I'll have you know I am the cook.

[13:38] {Threei} that's multitasking

[13:38] {fernp} five cents stop, no?

[13:38] {nemo} Next he'll tell us he's the maid and where's a little french outfit

[13:38] {Les} where's what?

[13:38] {fernp} i'll take it if breaks

[13:38] {Threei} 5 or 10

[13:39] {Threei} my eyes

[13:39] {Threei} nemo, why would you go and give me that retina-burning visual

[13:39] {nemo} Hey, we enjoy each other's suffering here

[13:40] {Threei} I need some very strong distraction

[13:40] {Threei} Tom Waits, urgent

[13:40] {nemo} fcx short? then

[13:40] {Threei} And so a secret kiss

[13:40] {Threei} Brings madness with the bliss

[13:40] {Threei} And I will think of this

[13:40] {Threei} When I'm dead in my grave

[13:40] {nemo} pullback to .40 maybe

[13:40] {Threei} no

[13:40] {nemo} when you're dead in your grave, you won't be thinking of anything

[13:40] {Threei} FCX tends to reverse off these formations rather than break down

[13:41] {nemo} frickin fcx and I was watching pru, that decided to break

[13:41] {Threei} you are mistaken... I plan to finally start thinking then

[13:41] {Les} fcx bouncing nicely of support on the daily

[13:41] {Les} I'd like to go long

[13:41] {Les} if the price is right

[13:43] {fernp} BBY, Vad?

[13:44] {Threei} could be

[13:44] {magoo} ASIA plling bk

[13:45] {Threei} 5 cets stop, why not

[13:45] {fernp} 5 or 10?

[13:45] {Threei} 5

[13:50] {fernp} WFC trying to break

[13:53] {Les} nemo, speculating that fcx may be ready to return to support levels below 80 that you posted

[13:54] {nemo} you've got alot going on between here and ..65-70

[13:54] {nemo} that 80.60 level it peaked at I had as support/resistance

[13:54] {Threei} US Pres Obama: Some TARP capital may be allocated towards deficit reductions; a job plan

[13:54] {Threei} - Note: House Speaker Pelosi commented last week that TARP capital would be put towards job plan

[13:54] {Les} hmm looking for setup

[13:55] {nemo} How can tarp capital go for deficit reduction...it's fricking borrowed anyway

[13:55] {fernp} out WFC +.06

[13:55] {Les} Hey, "the one" can do anything he wants

[13:56] {Threei} wtg fern

[13:56] {Threei} from now on thbis is going to be my trading song:

[13:56] {Threei} http://www.youtube.com/watch?v=ewvkauIMmbQ

[13:56] {Les} nemo, fcx dropping fast

[13:57] {nemo} .88 yesterday's close

[13:57] {nemo} .87

[13:58] {fernp} I prefer your pics

[13:58] {larisa} lol

[13:58] {Les} yeh tom waits is special

[13:58] {BillyD} Vad, I have nothing that I can adequately describe that song

[13:58] {Threei} lol

[13:58] {fernp} lol

[13:58] {dino} pru stopped -.27

[13:59] {larisa} dont be late, be on time. it can be traders song though :)

[13:59] {Les} yeh missus introduced me to waits but this is something else

[14:03] {nemo} see, fcx bounce off yesterday's close

[14:03] {Les} yeh. is it always like that?

[14:03] {Threei} here is another one for you, Billy, not a joke this time

[14:03] {Threei} http://www.youtube.com/watch?v=K_10TqowM9c

[14:04] {nemo} no, but it was a high probability support area

[14:04] {BillyD} tranquil

[14:05] {Les} this one by waits is a real rasper:http://www.youtube.com/watch?v=7IxrskrY9gs&feature=player_embedded#

[14:05] {BillyD} I keep looking around the corner for Humphrey Bogaert

[14:06] {Les} i'm actually warming to this guy

[14:06] {Threei} Waits?

[14:06] {Threei} he is incredible

[14:07] {Les} I know him best from shrek 2

06[14:07] * nemo slaps Les around a bit with a large trout

[14:07] {Les} http://www.youtube.com/watch?v=T9TrTq_Ba_w

[14:07] {nemo} What is this, a trading room or MTV?

[14:08] {BillyD} it's Tom Waits hour nemo

[14:08] {Threei} depends on trading range

[14:08] {Les} gimme a trade coin dexter

[14:08] {nemo} so, do the Qs bounce here, or dive darth

[14:09] {Les} I don't look at q's very often. should I be keeping eye on SPY or QQQQ during trading?

[14:09] {nemo} both

[14:12] {Threei} QQQQ for nasdaq stocks, spy or DJI for Dow stocks

[14:12] {nemo} fas or iyf for financials

[14:12] {Les} ok. I don't switch market charts to track the appropriate stock

[14:12] {Les} my bad

[14:12] {Threei} OK, last one, I promise... but Billy, you'll like it

[14:12] {Threei} http://www.youtube.com/watch?v=HB0EYZooakU

[14:13] {ilana} reminds of Leonardo Cohen style a bit

[14:14] {fernp} I prefer these guys http://www.youtube.com/watch?v=1vpsy8PPqFc

[14:17] {Threei} BBY tries to reestablish

[14:17] {fernp} .05 break?

[14:17] {Threei} tes

[14:17] {Threei} yes

[14:18] {BillyD} taht song will hurt traders vad

[14:18] {BillyD} trying to know

[14:19] {Threei} :)

[14:19] {Les} just saw importance of histogram on my one click trading tool nemo

[14:19] {Les} looking to short fcx at top of range

[14:19] {Les} hit .12, big histogram bar, and promptly reversed.

[14:19] {Les} will use that more often for these tighter ranges

[14:21] {fernp} if breaks BBY, your stop is under 44 or 43.95? bounced off .95 a couple of times

[14:21] {Threei} really want it to hold 44 firmly finally

[14:21] {Threei} se we could use it

[14:24] {fernp} QQQQ looks short here .... QID long?

[14:26] {Threei} don't want to chase...

[14:26] {Threei} let's see if we get snapback

[14:32] {BillyD} hard to get in this move

[14:33] {BillyD} CAT b/dn if continuation

[14:34] {Threei} here is QID pullback, let's see if it gives us something close to .70

[14:38] {Threei} not much of a pullback eh

[14:38] {BillyD} nvda OFF 16?

[14:38] {dino} watching fgxi, mon, pru, trgt, meli

[14:40] {nemo} fcx at important support

[14:41] {Threei} NVDA is almost immobile

[14:41] {Threei} 79 nemo?

[14:41] {dino} bth too

[14:41] {nemo} yes

[14:41] {Threei} looks lovely

[14:41] {nemo} could bounce nice or be short

[14:42] {nemo} lovely?

[14:42] {nemo} ewwwwwwww

[14:42] {Threei} let's just see if it gives us close range

[14:42] {nemo} volume increasng a bit, might be a long

[14:44] {nemo} rimm .07 risk either way

[14:45] {Threei} if you went for aggressive FCX short, you are golden; if for regular, not too shabby either

[14:48] {Threei} one more leg down comes it looks like

[14:50] {Threei} .75 short FCX

[14:50] {Threei} if holding under .85 - .90

[14:51] {Threei} dies FCX

[14:51] {Threei} -s

[14:51] {fernp} please dies

[14:51] {fernp} -s

[14:52] {larisa} lol

[14:52] {Threei} no, don't bounce

[14:52] {Threei} just die

[14:52] {BillyD} you guys enter already?

[14:52] {BillyD} .75

[14:52] {nemo} you on dial up billy?

[14:53] {Threei} I did

[14:53] {BillyD} the .75 call?

[14:53] {larisa} 79 break they did short

[14:53] {Threei} but I have nice cushion on FCX, took aggressive short from 79.14 to 78.82

[14:54] {nemo} out75

[14:54] {Threei} ok, this second one is not the best idea

[14:54] {Threei} getting a bit nervous

[14:55] {Threei} and I like them to die calmly

[14:55] {nemo} it's market bounce time, dude

[14:55] {Threei} no way

[14:55] {Threei} this aggression will not stand

[14:55] {larisa} i missed .75 call, sorry Billy for confusion. vad makes too many "running" comments for my one line brain :)

[14:56] {nemo} trade what you see, not what you want to believe.

[14:56] {fernp} no go

[14:56] {Threei} no

[14:57] {Threei} what, no comments on "this aggression will not stand" reference? right after "dude"?

[14:57] {nemo} thanks George

[14:57] {Les} ok will call it quits on that. much better day for me. less trading. disciplined use of stops. happy with this. night all.

[14:58] {Threei} take care Les

[14:58] {fernp} bye ese

[14:58] {dino} pru hl l .25

[14:58] {fernp} les

[14:58] {nemo} aig, feels like go

[14:59] {dino} gn les

[15:00] {Threei} Oct Consumer Credit -$3.5B v -$9.4Be

[15:01] {Threei} wow

[15:01] {Threei} White House Press Secretary: Obama stands by re-nomination of Bernanke for Fed Chairman

[15:01] {Threei} wny not... he does such a splendid job

[15:03] {Threei} (RU) Hearing JP Morgan downgrading Russia to Neutral (timing uncertain)

[15:03] {Threei} Cites potential for correction in energy and commodity markets.

[15:03] {Threei} - Note: Investors are overweight on Russian and Brazilian equities. The risk is a sharp reversal in this consensus trade.

[15:08] {magoo} read RIMM vad?

[15:09] {Threei} rather up...

[15:09] {ilana} HGSI

[15:09] {Threei} in that it's likely to follow thr market up, and less likely to follow it down

[15:10] {Threei} HGSI is interesting

[15:10] {Threei} if market helps

[15:10] {Threei} this .40 break looks tempting

[15:13] {dino} trgt hl l break of .00

[15:13] {nemo} ahhh...rorschach chart

[15:21] {dino} lol, rev shark, real$ "interesting that obama states how well our tarp plan has worked, when it was instituted prior to his taking office. i guess if it didn't work well, it would be george bush's plan

[15:22] {Threei} and it's still a big question about how it worked

[15:22] {Threei} but let's move on to the next "solution looking for a problem":

[15:22] {Threei} are we going to cut the trees now?

[15:22] {dino} ironically, the mortgages are all still on fre, fnm books

[15:23] {Threei} 'cause CO2 is a harmful substance starting today

[15:23] {dino} no 3i, we are going to sue you for exhaling

[15:23] {Threei} that's OK, my lawyer will argue that jury and judge breatje too

[15:23] {Threei} but trees, what about them?

[15:24] {Threei} remember protester who brough a potted tree to Reagan, with sign "cut me before I kill again"?

[15:24] {dino} trees eat co2

[15:24] {Threei} only in the day

[15:24] {Threei} in the night they do the opposite

[15:24] {Moose} that fickle

[15:24] {Moose} s

[15:25] {dino} hmmm, never knew that

[15:25] {Threei} it's actually very complicated process

[15:26] {Threei} non linear

[15:26] {Threei} depending on time of the day, tree age, annual seasion

[15:26] {dino} hate to see what would happen to met if it lowered 2010 guidance

[15:26] {Threei} kind, location

[15:26] {fernp} all breakdown are working on WFC except the one that we played this morning lol

[15:26] {Threei} simple claim that they create oxygen and eliminate C)2 is far from truth

[15:27] {Threei} didn't we took another pne later one?

[15:27] {fernp} me yes

[15:28] {fernp} and i've played this .35 break

[15:28] {dino} cfsg

[15:28] {Threei} actually fern

[15:28] {Threei} this is important observation

[15:29] {Threei} for quite a while we tried to get most of our plays in the morning

[15:29] {Threei} and seond part of the day was usually fruitless

[15:29] {Threei} it seems to be changing

[15:29] {fernp} i know

[15:29] {Threei} not a first day today as we get nice steady selloff closer to ed

[15:29] {fernp} lately we are ending sessions with selloff

[15:29] {Threei} and while morning has a bit too much volatility

[15:30] {Threei} this selling starts looking like useable pattern

[15:32] {dino} not yet 3i

[15:32] {Threei} "In general, trees take in carbon dioxide and give off oxygen. Trees and other plants are this planet's main source of oxygen. trees at night give off carbon dioxide. Besides oxygen, carbon dioxide is about all a tree can give off in any great quantity.

[15:32] {Threei} http://wiki.answers.com/Q/Do_trees_give_off_Carbon_Dioxide

[15:32] {dino} and leaves, lol

[15:33] {Threei} During the daylight hours, plants produce oxygen. At night, they consume oxygen and release carbon dioxide.

[15:33] {Threei} there

[15:33] {Threei} let's cut them all

[15:33] {Threei} they are murderers

[15:33] {dino} out pru .49, +.24

[15:33] {Threei} leaves, dino... those release CO2 when decompose

[15:33] {Raven} {--------- cut and split 2 cords of firewood this summer

[15:34] {Threei} good job saving the planet Raven

[15:34] {Raven} thx

[15:34] {dino} i switched to natural gas, tired of the firewood work

[15:34] {Raven} I have nat gas

[15:34] {Threei} no one comments on that

[15:35] {Raven} super efficient wood burner heats whole house

[15:35] {Threei} this is fair warning

[15:35] {BillyD} lol

[15:35] {Raven} and splitting is good exercise ... except for my black right toenail

[15:36] {nemo} steel toe shoes

[15:36] {Raven} I have them now :)

[15:36] {fernp} Goog evening everybody. see you all tomorrow

[15:36] {BillyD} same here everyone

[15:37] {dino} cya

[15:38] {Threei} take care fern

[15:42] {Threei} C

[15:42] {Threei} Citigroup Inc Reportedly Citi and US govt are deadlocked on how much capital the bank needs to raise - unconfirmed report

[15:42] {Threei} - Negotiations between Citi and the US govt may last through next month or even Q2.

[15:42] {Threei} ***Reminder: On 12/6 the FT reported that Citi was trying to convince US officials to allow it to repay $20B of its TARP funds

[15:43] {Threei} this reads like something surreal

[15:44] {dino} hl l trgt .00, stop lod

[15:53] {strider} OK. I'm back. Let's trade.

[15:53] {strider} got 6 minutes.

[15:53] {Threei} ok

[15:53] {Threei} Long Setup: SOMETHING

[15:53] {magoo} in

[15:53] {nemo} mags is in

[15:54] {Threei} did it trigger?

[15:54] {strider} must be a bulletin board stock.

[15:54] {nemo} chinese company

[15:54] {nemo} sum ting

[15:54] {magoo} roflol

[15:54] {strider} I'm fading magoo.

[15:55] {Threei} which reminds me the name of Bahamian store selling condoms: Protect Ya Tings

[15:55] {strider} Now see what you did.

[15:55] {strider} Made ilana leave.

[15:55] {Threei} I have this effect on women

[15:55] {strider} ha

[15:55] {dino} trgt to b/e

[15:56] {dino} amzn drop

[15:56] {Threei} many years of pratcice allowed larisa to work out some tolerance

[15:57] {strider} Well vad, I think everyone has learned to tolerate you.

[15:57] {Threei} no, not everyone

[15:57] {Threei} many say"nah, life is too short"

[15:58] {strider} My wife told me the other day that I had found my perfect social situation.

[15:58] {strider} This room.

[15:58] {dino} lol

[15:58] {Threei} FMCN earnings after the bell

[15:58] {dino} out trgt .02, +.02

[16:00] {Threei} thank you all

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

[16:00] {larisa} see you :)

[16:00] {nemo} gnite

[16:00] {Threei} see you tomorrow

[16:00] {strider} adios.

[16:00] {Moose} adios amigos

[16:00] {dino} gn all

[16:00] {Threei} THLD Announces Preclinical Multiple Myeloma Data (1.70, -0.11, -6.08%)

[16:04] {nemo} guess earnings weren't too good

[16:04] {magoo} which?

[16:04] {Threei} just three trades

[16:05] {Threei} and I still don't have numbers

[16:05] {Threei} FMCN mags

[16:05] {magoo} ok

[16:07] {magoo} buck fitty spread on it

[16:07] {Threei} yeah, no bids to hit

[16:07] {Threei} OK, whatever