Dec 10 2009

One of those days when you don't know why you bothered to wake up - empty and listless.

Session Time: Thu Dec 10 00:00:00 2009

[08:14] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:14] {Threei} - Expectations for initial claims are 455K v prior release of 457K (range seen from 380K to 490K)

[08:14] {Threei} - Continuing claims seen at 5.450M v prior 5.465M (range seen from 5.300M to 5.500M)

[08:14] {Threei} US) Preview:Oct Trade Balance due out at 8:30amET (13:30 GMT)

[08:14] {Threei} **consensus expectation: -$36.8Be v -$36.5B prior (range of analyst estimates seen from -$41.3B to -$32.0B)

[08:14] {Threei} ***Note: The 18+% m/m widening in Sept in the deficit grew at the fastest pace since early 1999.

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 474K V 455KE

[08:30] {Threei} CONTINUING CLAIMS: 5.157M V 5.450ME

[08:30] {Threei} US) OCT TRADE BALANCE: -$32.9B V -$36.8BE

[08:32] {nemo} market shook that off

[08:32] {Threei} trade balance is better... jobs are worse...

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:37] {nemo} Hola fern...ty for the vocabulary lesson

[08:38] {nemo} oh...Vad....funny edits on the log last night

[08:39] {nemo} Who'da thunk you would have to edit Raven

[08:39] {Les} not cool. didn't even get to read what Raven said.

[08:40] {Les} GM :)

[08:40] {Threei} :)

[08:40] {Threei} Les :)

[08:40] {nemo} he made some freudian slip that utilized a derogatory reference to women in the oldest profession

[08:44] {nemo} fcx holding strong even in index retracement

[08:45] {Les} happy day today? futures up, FCX/CAT/WFC up... GOLD down, $ consolidating. curious to see how we open

[08:49] {Threei} MAGS Selling European subsidiary

[08:49] {Threei} - Has sold its European subsidiary which it acquired in September 2007.

[08:49] {nemo} and he said he was out plowing

[08:50] {Threei} when in fact he was just drinking away proceeds of subsidiary sale

[08:50] {Threei} les was suspiciously absent at the same time too

[08:50] {Threei} so maybe he was a buyer

[08:57] {fernp} de nada nemo, was a pleasure :-)

[09:00] {ese} morning

[09:00] {nemo} dude

[09:00] {Threei} ese :)

[09:00] {fernp} ese

[09:00] {ese} vad dude fern

[09:00] {strider} morning everyone.......

[09:01] {fernp} strider

06[09:01] * nemo slaps strider around a bit with a large trout

[09:01] {Threei} strider :)

[09:01] {ese} st

[09:01] {strider} Vad, where do you find these people (nemo)?

[09:02] {nemo} the gutter

[09:02] {Threei} I seem to be a maget for dubious characters

[09:02] {Les} Hey Vad just finished watching Star Trek...

[09:02] {Threei} hmm?

[09:02] {nemo} I had just been released from Folsom for a triple murder, judge decided I was insane at the time so couldn't be convicted

[09:02] {Les} Tchekov, the young ensign shouts something in Russian when he manages to pull Kirk and Spock on board

[09:02] {Threei} did I recommend it?? :)

[09:02] {strider} At least not Dubai-ous characters.

[09:02] {Threei} oh

[09:03] {Les} oy voy?

[09:03] {Les} or something like that?

[09:03] {Threei} no idea, I never saw it

[09:03] {Les} really? cool film

[09:03] {strider} Failed bar mitzvah, Les?

[09:03] {nemo} yes...they did a good job with it

[09:03] {Les} up there with new Batman franchise

[09:04] {nemo} look at pattern rimm forming this morning

[09:04] {Les} how? you have chart showing pre market?

[09:04] {Les} or just monitoring prices?

[09:05] {Threei} chart starting from 8 am

[09:05] {Les} Laser?

[09:05] {Threei} yeah

[09:05] {nemo} yes, and on IB it should start even earlier

[09:06] {Les} foun it

[09:06] {Les} found

[09:07] {ese} cien beats q and rev's

[09:07] {strider} STLD drop

[09:08] {ese} and dn .45

[09:08] {Threei} 30% Say World Headed for Catastrophe If UN Fails To Act on Global Warming

[09:08] {nemo} maybe humanity is but the world will be fine

[09:08] {Threei} and

[09:08] {Threei} 30% Say U.S. Heading In Right Direction

[09:08] {Threei} finally some consistency in tracking the idiots

[09:08] {nemo} same 30%

[09:09] {Les} what? have enough recessions to starve people of energy and consumption requirements?

[09:09] {ese} it's a casterated now........oh sorry wrong wordd catastrophe

[09:09] {strider} (where am I going, and why am I in this handbasket?)

[09:09] {nemo} strider....did you take your meds?

[09:10] {strider} don't need no stinkin' meds.......I can fly.....I can fly....

[09:10] {nemo} oh oh

[09:10] {ese} stld guides dn eh....hmmmmmmmm

[09:11] {strider} ese's starting to drool.

[09:12] {nemo} strider...it's like you've been here for years

[09:12] {ese} it's kinda in breakout territory

[09:13] {ese} 18.56 to be exact

[09:13] {strider} nemo...is that a good thing?

[09:14] {strider} ...or an insult.?

[09:14] {nemo} it is what it is...good is in the eye of the beholder

[09:14] {strider} " Steel Dynamics volatility near two year lows "

[09:15] {Threei} jmb, look your e-mail please

[09:16] {larisa} gm all

[09:16] {Threei} larisa :)

[09:16] {Les} afternoon larisa

[09:17] {larisa} vad, les :)

[09:18] {dino} gm all

[09:19] {Threei} dino :)

[09:19] {strider} morning, larisa, dino.

[09:19] {nemo} haroo

[09:20] {Raven} unbelievable

[09:20] {nemo} huh?

[09:20] {Threei} what is?

[09:20] {Raven} this room

[09:20] {strider} Yeah, nemo's pretty unbelieveable.

[09:20] {nemo} yes...and you keep coming back

[09:20] {Raven} you keep reminding me of that

[09:21] {Threei} hey, I think I did rather good job on the end of day log

[09:21] {Raven} I can't look

[09:21] {Threei} why?

[09:21] {nemo} so, it's either the bad highway accident affect, or something deep, dark...rooted in your psyche....is your middle name Norman?

[09:21] {ese} me thinks that stld at some point today is going to make a run for it

[09:21] {nemo} north or south ese?

[09:22] {ese} north

[09:23] {strider} watching anything, vad?

[09:23] {Threei} nothing outstanding

[09:23] {Threei} just usual suspects

[09:23] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {fernp} trev

[09:24] {nemo} oy, wish I had looked at gld 5 minutes ago...look at the volume divergence

[09:24] {nemo} THAT! was a textbook short

[09:24] {Les} I was looking 5 mins. ago

[09:24] {nemo} why didn't you say anything?

[09:25] {Les} dropped into trigger

[09:25] {Les} I was looking as it sailed past .80 I think

[09:25] {nemo} O.K. then, we'll blame that one on you

[09:26] {Les} didn't have time to pull the trigger

[09:26] {Les} let alone make a call

[09:27] {dino} es steels were good yesterday

[09:27] {nemo} Yeah, so...what's that got to do with shifting the blame to someone else for capricious and shallow reasoning

[09:27] {Les} sorry, my bad

[09:27] {dino} i saw your survey, 30%, what about the majority

[09:31] {ese} l stld .26

[09:31] {nemo} wow, that's the most sedate opening minute in fcx in a long time

[09:31] {Threei} AKNS

[09:31] {Threei} Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels

[09:31] {Threei} - Co states that for the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc, a leading installer and manufacturer of solar power systems.

[09:32] {nemo} rimm momo again

[09:34] {ese} l stld avg .18

[09:35] {Threei} Long Setup: AKNS .70 if stays above .60

[09:36] {Threei} Long Setup: BRCM .50

[09:36] {Threei} if stays above .40

[09:37] {nemo} break of or .50

[09:37] {Threei} metldown

[09:38] {Threei} RIMM, long on pullback, hopefully under 65

[09:39] {ese} hmmmmm hopefully won't regret this...am hangin on to stld...had 420.00 in my pocket

06[09:39] * nemo slaps magoo around a bit with a large trout

[09:39] {magoo} morn

[09:40] {Threei} mags :)

[09:40] {strider} in BRCM

[09:41] {Threei} a bit too soon

[09:41] {nemo} oy, look at all those offers at .50

[09:41] {Threei} there are big offers, why be a first buyer?

[09:41] {Threei} [09:37] {nemo} break of or .50

[09:41] {Threei} [09:37] {Threei} metldown

[09:41] {Threei} wait foer them to get hit, grab as they start scrolling fast

[09:42] {strider} out. -.03

[09:42] {nemo} ahhh...impetuous youth

[09:42] {ese} out stld .38

[09:43] {ese} +.20

[09:43] {Les} stld b/o

[09:43] {ese} i think so but i'm happy with my 850.00

[09:44] {fernp} gj ese

[09:44] {Les} kaching

[09:44] {ese} tks

[09:46] {nemo} DG tanked, where's dino

[09:47] {magoo} dino looks for like 3 points down

[09:47] {strider} RIMM still good?

[09:47] {strider} hmmm

[09:48] {Threei} 65 break

[09:48] {ese} stld?

[09:49] {Threei} invalidated

[09:49] {nemo} .68 is 200 ma

[09:49] {magoo} look for the bounce vad RIMM

[09:49] {Threei} ??

[09:49] {Threei} what was I just talking about?

[09:49] {Threei} [09:47] {strider} RIMM still good?

[09:49] {Threei} [09:47] {strider} hmmm

[09:49] {Threei} [09:48] {Threei} 65 break

[09:50] {magoo} im talking after the invalid

[09:50] {nemo} wow, it bounced right at support

[09:50] {magoo} AAPL 2 pt tank

[09:50] {Threei} ENER Hearing strength being attributed to renewed takeover chatter (11.13, +0.60, 5.70%)

[09:50] {Threei} BRCM holding right under high

[09:51] {strider} is RIMM invalid or not?

[09:51] {Threei} [09:49] {Threei} invalidated

[09:51] {Threei} [09:49] {nemo} .68 is 200 ma

[09:51] {magoo} invalid

[09:52] {magoo} i was looking for bounce down here somewhere

[09:52] {Threei} .70 break

[09:52] {Threei} stop under .60

[09:53] {strider} stoppeedd

[09:54] {Les} put rimm aside a moment. 2 for 2 stopped on me now

[09:54] {Threei} what was first?

[09:54] {fernp} Have you seen ECA, dino? big gap down

[09:55] {nemo} cat support .90

[09:56] {dino} eca spilt

[09:56] {nemo} spilt what?

[09:57] {strider} BRCM back.

[09:57] {Les} b/d of .75, 9:49. The green ticker that bounced. 2 ticks too early

[09:57] {dino} 2 companies

[09:58] {nemo} wow, that was quite the stop slam on brcm

[09:59] {Threei} BRCM with any market help feels like aiming for 32

[09:59] {strider} entry on pb?

[10:00] {Threei} stop will have to be under .35

[10:00] {strider} I'll wait.

[10:02] {nemo} wow, rimm

[10:03] {nemo} pivot is 63.50

[10:03] {dino} gef, pnnw, oxm

[10:06] {dino} rino

[10:06] {Les} CAT

[10:08] {Threei} (US) Treasury Sec Geithner: Reiterates that financial recovery faces significant headwinds, housing markets are dependent on govt support

[10:08] {Threei} - TARP has reached its primary goal, still has a role to play in maintaining financial stability.

[10:08] {Threei} - Unlikely to see investments in AIG or auto companies paid back.

[10:08] {ese} vad do you use limit fills or market fills more

[10:08] {Threei} limits

[10:09] {ese} ok......i must be judging price movement wrong when i use limits

[10:09] {Threei} put limit price beyond current by a few cents

[10:09] {Threei} as far as you are willing to chase

[10:10] {ese} ahhhh ok i wanted to grab .10 in stld here at .35...or rather a few moments ago....and didn't get it

[10:11] {Les} FCX

[10:11] {dino} uup goes green

[10:12] {nemo} thisa no goowwd for a stocka

[10:12] {nemo} (said in sicilian accent)

[10:12] {magoo} i know its early vad, but.............

06[10:12] * magoo slaps nemo around a bit with a large trout

[10:12] {nemo} awiav

[10:12] {nemo} I got you when you came through the door this morning

[10:12] {ese} uup goes up stocks go dn dino....is that right

[10:12] {nemo} might have bear flag on apple

[10:13] {nemo} yes ese

[10:13] {dino} gef hl l .25

[10:13] {ese} tks

[10:13] {dino} stop .96

[10:13] {Threei} I wouldn't bet on this pattern holding for long

[10:13] {Threei} feels to me they'll decouple soon enough

[10:13] {fernp} LEN dbi, Vad?

[10:13] {Threei} pretty much

[10:13] {Threei} daily looks nice for short too

[10:14] {nemo} len

[10:14] {nemo} sorry

[10:14] {strider} AMZN c&h

[10:14] {fernp} .74 short w/stop above .81?

[10:14] {Threei} or above .85

[10:14] {nemo} big stop strider

[10:15] {strider} yep

[10:15] {fernp} ty

[10:15] {dino} $ moving up

[10:18] {Threei} not much to trade this morning

[10:18] {Les} short fcx .05 , .25 stop

[10:18] {fernp} AIG breakdown?

[10:19] {Threei} hmm

[10:19] {Threei} rather bounce

[10:19] {nemo} nice les

[10:19] {Threei} .70 break if holding .60

[10:19] {fernp} ok

[10:19] {Les} out + .16. impossible to concentrate with kids homework

[10:20] {dino} gj

[10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:20] {fernp} yeah, seems db

[10:21] {dino} scanners solid red

[10:22] {Les} crap. bought instead of selling. can't trade now. later.

[10:23] {Threei} look at AIG

[10:23] {fernp} y

[10:23] {Threei} would be a perfect trap on a short side

[10:23] {Threei} that dive was too fast to profit from

[10:23] {fernp} true

[10:23] {Threei} and now break of .70 would have trapped short

[10:24] {dino} stop on gef to .54

[10:24] {ilana} how did you know it would go up?

[10:24] {ilana} aig

[10:25] {dino} expect slippage if hits

[10:25] {magoo} experience

[10:25] {Threei} [10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:25] {dino} make it .62

[10:25] {Threei} volume on second test opf the bottom was much lower than on first

[10:25] {Threei} it bodes for double bottom and bounce better than for breakdown

[10:25] {dino} to .65

[10:25] {strider} NKBP opens in 15 min. IPO

[10:26] {ilana} got ya

[10:27] {dino} to .75

[10:27] {fernp} stopped LEN

[10:28] {dino} half out .87, +.62

[10:28] {ilana} nice dino

[10:28] {fernp} gj dino

[10:28] {dino} .79 stop remaining

[10:29] {dino} out

[10:29] {dino} slip, +.50

[10:29] {dino} ty

[10:29] {ese} be back in 20

[10:31] {Threei} WFC losing ground

[10:31] {Threei} can't find decent short entry on it for days

[10:32] {ilana} RIMM

[10:33] {strider} HXL upgrade

[10:34] {ilana} thin..

[10:34] {strider} yep

[10:35] {strider} h&s daily WFC

[10:36] {dino} rino, gef

[10:37] {fernp} AET hod

[10:38] {fernp} and C&H on daily

[10:40] {Threei} and public option is all but dead

[10:40] {strider} NKBP, chinese bio IPO, priced at 9.00...opening in few sec.

[10:40] {dino} rino hl l ..85

[10:41] {dino} wicked

[10:41] {magoo} im trying to short ipo at 9999

[10:41] {dino} stop is break of lod

[10:41] {dino} gappy

[10:42] {fernp} BRCM hod

[10:42] {Threei} C Reportedly unclear whether any deal is close between Citigroup and the US Govt; yet Citigroup planning a $15B equity offering - unconfirmed report

[10:42] {ese} back

[10:46] {Threei} not very enthusiastic IPO

[10:47] {Threei} (IA) French UN Envoy: There are no reasons to delay new sanctions on Iran over the nuclear program any longer

[10:47] {ese} "C" is the head of intelligence for British Secret Service.......just what exactly does he/she know about equity offerings ehhhhh?

[10:47] {Threei} I thought it was M?

[10:47] {dino} q

[10:47] {fernp} NKBP daily chart is fantastic :-)

[10:48] {Threei} Q was equipment guy

[10:48] {ese} not if you watch "The Sandbaggers"

[10:48] {Threei} clean slate fern :)

[10:49] {Les} FCX again

[10:49] {Les} b/d

[10:50] {Threei} actually... NKBP gains some strength

[10:51] {Les} ok out FCX +.16

[10:51] {Threei} IPO is IPO, they are all werid... but break of .40 could start something

[10:51] {Les} we playin an ipo?

[10:52] {ese} you short that little move les

[10:52] {Les} y. setups coming loud and clear in fcx today

[10:52] {ese} nice one

[10:54] {dino} gj

[10:55] {ese} where were you in les? .00 cover at .84?

[10:55] {ese} trying to get the hang of shorting

[10:55] {dino} pnnw a bit wide

[10:55] {dino} oxm app hod

[10:55] {magoo} ipo should take 9

[10:55] {magoo} in .37

[10:56] {dino} 25 strike in play oxm, imo

[10:56] {ese} a BIT wide......almost .30 cents at one point

[10:57] {magoo} ese, a hooker spread?

[10:57] {ese} lol

[10:57] {Threei} anyone went for NKBP, offer half at .70

[10:57] {magoo} [10:56] {magoo} in .37

[10:57] {dino} gut says big move up

[10:57] {ese} still watching stld here

[10:57] {Threei} I mean anyone sane

[10:57] {Threei} you I am sure went for it, not even asking

[10:58] {ilana} RIMM - third breakout worked

[10:59] {Threei} mags, I am out at .69

[10:59] {Threei} too stubborn for me

[10:59] {magoo} ok

[10:59] {magoo} nice fill

[11:00] {magoo} entry was?

[11:00] {Threei} .35

[11:00] {Les} yeh .00 trigger but with limit price catching buy at .96. out .85. sorry only .+09. I'm all over the place today

[11:00] {Threei} but I am out in full

[11:01] {Threei} I like it but IPOs arfe often too hard to stomach

[11:01] {Threei} and it's a bit weird

[11:01] {Threei} even for IPO

[11:02] {Les} taken another short trigger at .77

[11:03] {dino} les liking the dark side

[11:04] {Les} out at .70 and .62

[11:04] {dino} gj

[11:04] {ilana} gj Les

[11:04] {Les} not exactly 1:1, but any quick jobs that can be found in between looking after kids

[11:04] {Les} I'll take them

[11:05] {dino} i may be your edge

[11:05] {magoo} f'in RIMM...we need to stay on it

[11:05] {Les} still waiting for the big drop in fcx

[11:06] {dino} rimm=random, intense, market moves

[11:06] {strider} Trev, dcc.

[11:06] {ilana} RIMM - looks like .65 was important break on daily?

[11:06] {ilana} 65

[11:08] {ese} waiting for the capitulation volume spike as per vads book p.171 for stld.........caaaaaaaamon

[11:08] {Les} took it again at .63. think I'll hold and see if it can go a little longer

[11:08] {ilana} on what ese?

[11:09] {magoo} les, which?

[11:09] {Les} fcx

[11:09] {magoo} sh or long?

[11:09] {Les} short mate short

[11:10] {fernp} what is your stop Les? above .80?

[11:10] {strider} UUP c&h

[11:10] {strider} very narrow

[11:11] {Les} going with .75. .63 entry is a small chase of .65 trigger. but fearful of bounce I will keep it on tight leash

[11:11] {ese} stld ilana

[11:11] {ese} i min chart

[11:12] {ese} 1min

[11:12] {fernp} out AET +.13 first trade that works for me today

[11:13] {Les} ok out .33 +.30. that helps fill the stop losses from opening

[11:13] {strider} The 'boing' for chatroom in irc not working consistently...anyone else have trouble with that?

[11:14] {Threei} boing?

[11:14] {fernp} what is that?

[11:14] {strider} option for a sound when someone posts.

[11:14] {fernp} write setup Vad, pls

[11:15] {Threei} setup

[11:15] {fernp} fine here

[11:15] {strider} Tools.Options}sounds

[11:16] {strider} Vad, say something.

[11:16] {larisa} no, right click on the nick, info, highlight

[11:17] {strider} dodn't see info.

[11:17] {strider} don't

[11:17] {magoo} les, u nailed tht sh

[11:17] {magoo} but itook .37 long

[11:17] {nemo} why mags?

[11:17] {larisa} first is info, last is slap

03[11:18] * Looking up magoo user info...

[11:18] {strider} first is whois here

[11:18] {Threei} depending on mirc version it could be: Ucentral, Hihglight

[11:18] {strider} STEM

06[11:19] * magoo slaps strider around a bit with a large trout

[11:21] {Les} yeh mags, who knew that vad was right all these years? price and volume tells the story

[11:22] {nemo} ahhh....alot of people

[11:22] {strider} : Stem-cell transplant regimen reversed sickle cell disease, NIH reports

[11:22] {strider} A modified blood adult stem-cell transplant regimen has effectively reversed sickle cell disease in 9 of 10 adults who had been severely affected by the disease, according to results of a National Institutes of Health study in the Devrmbrt 10 issue of the New England Journal of Medicine. The

[11:25] {dino} rino stopped -.20

[11:26] {ese} L stld .11

[11:27] {strider} Vad, where is the option for sound in Ucentral?

[11:27] {ese} there she be the ole volume spike

[11:27] {Threei} tab Highlight

[11:29] {strider} Let's see....where's the ignore nemo tab?

[11:29] {nemo} nice one

[11:29] {nemo} I wish I had one of those

[11:29] {larisa} you can ignore any user you want actually

[11:30] {Threei} can you ignore yousrelf?

[11:30] {strider} users yes, but abusers?

[11:30] {nemo} wow....I'm hurt

[11:30] {larisa} yes vad, just type with eyes closed

06[11:31] * strider slaps strider around a bit with a large gauze bandage.

[11:31] {Threei} how do you think I am typing now?

[11:31] {larisa} with elbows ?

[11:31] {Threei} sometimes, when not with knees

[11:32] {fernp} VLO .56, Vad?

[11:32] {Threei} I think so

[11:32] {Threei} just a scalp though

[11:32] {nemo} aig snuck one by

[11:32] {fernp} thanks

[11:33] {nemo} look at aig on 15 minute hart

[11:33] {nemo} chart

[11:34] {Threei} US House Speaker Pelosi: Hopeful to pass legislation on small business and infrastructure improvements next week

[11:34] {Threei} - legislation also takes aim at preventing public safety layoffs

[11:34] {Threei} - highlights that the debt limit increase will be included in the defense bill expected next week

[11:34] {ilana} FCX .60 b/d?

[11:35] {Threei} mrket doesn't feel weak to me

[11:35] {Threei} rather preparing another sneaky rally

[11:36] {strider} STEM .44?

[11:36] {Threei} I seriously doubt STEM

[11:36] {strider} Seemed like really big news.

[11:36] {ese} stem the tide.......yuk yuk yuk

[11:36] {Threei} this thing is good for a few minutes while momo is fresh

[11:36] {Threei} it always has big news

[11:36] {Threei} and never goes anywhere

[11:37] {Threei} STEM, ASTM, KOOL

[11:37] {Threei} same breed

[11:37] {Threei} saviors of humanity

[11:38] {Threei} anyone remembers how first hype of GERN was titled, back in 1998?

[11:38] {Threei} "fountain of youth"

[11:41] {strider} dino, say something.

[11:42] {larisa} oh oh he is putting dino on ignore :)

[11:42] {Threei} well, he is done with me, with nemo

[11:42] {strider} trying to paint him orange...for extreme danger.

[11:43] {Threei} who is next if not dino

[11:43] {nemo} rimm is just in slow accumulation mode

[11:43] {dino} something

[11:43] {strider} well, that didn't work

[11:44] {strider} yyou're still black.

03[11:44] * Looking up strider user info...

[11:44] {strider} Not that there's anything wrong with that.

[11:44] {Threei} did you check the box Enable highlight?

[11:45] {fernp} out VLO 1:1

[11:45] {dino} fdx gap fill

[11:45] {Threei} jmb, admin asked to ask you to check e-mail

[11:45] {Threei} please do or he will nag me

[11:45] {strider} Yeah, vad...it won't let me click OK and exit...have to cancel to close box.

[11:45] {jmb} will do

[11:45] {Threei} strider... what??

[11:46] {Threei} if you cancel, changes you made are not registered

[11:47] {strider} OK...now maybe works.

[11:48] {strider} :)

[11:48] {Threei} Statue of Young Obama Unveiled in Indonesia

[11:49] {Threei} see you in two weeks

[11:49] {Threei} should be able to return from Indonesia till then

[11:50] {dino} pgm 5 day crush-o-la

[11:51] {nemo} pru at interesting spot

[11:51] {ese} *&^UYT and further more(*&^%hg_)L.....and I also feel (*&IUYLK&^%^% and so on that *(&&^%YTjh$#...and that about sums it up ^%$HFKJHG

[11:52] {Threei} now tell us how you really feel

06[11:52] * nemo slaps ese around a bit with a large bottle of prozac

[11:52] {Threei} and don't hold back this time, OK?

[11:52] {ese} I'll try

[11:53] {nemo} if pru drops below .77 could go t o.37

[11:53] {ese} ouuuu .90's the stop for my stld position.......that was close

[11:53] {magoo} vad PLEASE get on RIMM all day

[11:54] {ese} what am i saying...still is close

[11:54] {nemo} rimm just broke trend

[11:55] {magoo} i dnt care short or long..its only game in town

[11:56] {ese} vad more advice please.......waited for the volume spike stld......what else could i have been looking for

[11:56] {Threei} not exactly true

[11:56] {Threei} AMZN is moving well too

[11:57] {nemo} cat gave a nice short at 57.06

[11:57] {ese} at 11:25 am

[11:57] {Threei} sorry ese, not sure I understood the question

[11:57] {Threei} waited for what?

[11:57] {ese} usually spike is an indicator of trend completion

[11:58] {Threei} if it comes with sharp vertical price movement

[11:58] {ese} maybe wait for higher low i guess

[11:58] {Threei} that one was in the middle of nowhere, preice stalled

[11:58] {Threei} and no any kind of chart formation

[11:58] {ese} ok this didn't have that

[11:58] {Threei} just aimless wandering back and forth

[11:58] {Threei} that was kinf od random entry

[11:58] {ese} hmmmmmm yes ture the more i look at it

[11:59] {ese} true

[11:59] {Threei} mags

[11:59] {Threei} short .50 break

[11:59] {dino} rino rinsed

[11:59] {ese} ok.......i don't play these much.....live and learn

[11:59] {Threei} hmmm... almost no consolidation

[12:00] {nemo} 123 important level for pot

[12:00] {Threei} hoped it would spend couple minutes above .50 before losing it

[12:01] {nemo} lunch time Vad

[12:03] {ese} buggar stld....rinsed....ala stopped

[12:05] {Threei} did you know there was an globalk warming ETF?

[12:05] {Threei} I just found out, never heard of that

[12:06] {Threei} symbol is GRN

[12:06] {Threei} overwhelming volume

[12:06] {nemo} underwhelming sense of humor

[12:07] {strider} but all in all, whelmed.

06[12:07] * Threei slaps nemo around a bit with a large volume titled The Giant Book of Insutls

[12:07] {nemo} mmmhhhhh....I'm speechless

[12:07] {nemo} Who do you think wrote it?

[12:07] {fernp} LVS if breaks .35, Vad?

[12:07] {magoo} RIMM 200 ma at 65

[12:08] {Threei} can't tell really

[12:08] {nemo} gld

[12:08] {Threei} way too narrow

[12:08] {magoo} should hold it

[12:08] {fernp} ok

[12:08] {Threei} you shorted it at .50 mags?

[12:08] {magoo} no

[12:09] {magoo} im nursing l fcx from .50

[12:09] {Threei} great... he asks for read, I catch some more or less decent setup, he ignores it... why do I even bother...

[12:09] {dino} fsys blood

[12:09] {magoo} thinking cut fcx..go long rimm at some point

[12:14] {Les} thanks Vad, I managed to quickly snap .06 on RIMM on your comment. keep em coming

[12:14] {Les} rimm and fcx only plays of mine today

[12:14] {Threei} ok... as long as you don;'t trade 50 shares for 6 cents move :)

[12:15] {Les} ha. mind you, 25 G is somewhat constraining

[12:15] {nemo} WOW pru!!!

[12:15] {nemo} WTF!

[12:16] {nemo} PRU just bounce a BUCK in 1 minute!

[12:16] {Les} so lets short it

[12:17] {nemo} the question is why?

[12:17] {fernp} no news here

[12:18] {larisa} announcing 2010 earnings per share guidance at its Investor Day conference in New York City today

[12:18] {Threei} PRU Follow up: guides 2010 EPS (adj) $5.40-5.70 v $5.60e (48.28, +0.39, 0.81%)

[12:18] {fernp} PRU reaffirms earnings guidance for 2009

[12:18] {magoo} look fcx dump

[12:18] {magoo} vad, any read on it

[12:22] {Threei} watching for consolidation, then .50 break for short

[12:22] {ese} ok vad....STLD once again.....this volume spike here at 12.15 is not really valid as a trend reversal because there is no spike in the price as well?

[12:24] {Les} out pru .30 +.09

[12:25] {Threei} there is just no setup ese

[12:26] {strider} short FCX?

[12:26] {Threei} if stays under .65

[12:26] {strider} at .50 or .55?

[12:27] {nemo} aggressive .55

[12:27] {nemo} normal .50

[12:27] {nemo} you're definitely not normal

[12:27] {nemo} invalimudate

[12:27] {strider} STLD ese

[12:27] {ese} tks

[12:31] {fernp} FCX valid again, Vad?

[12:31] {Threei} I think so

[12:35] {dino} fsys

[12:35] {dino} hl l .00

[12:35] {dino} risky

[12:36] {fernp} FCX valid but w/stop above .70?

[12:36] {strider} short .....FX

[12:36] {strider} CX .54

[12:37] {dino} strike plays

[12:37] {strider} FCX

[12:37] {Les} in .55

[12:37] {Threei} who so impatient?

[12:38] {Threei} i dances above this support for quite a while

[12:38] {Threei} who -= why

[12:38] {Les} yeh aggressive looking foolish now

[12:39] {fernp} new stop is above .70?

[12:39] {Threei} yeah

[12:40] {fernp} ok... reducing my shares :-)

[12:43] {fernp} WFC Vad

[12:43] {Threei} don;'t know fern...

[12:43] {dino} stopped -.31

[12:44] {dino} fsys

[12:44] {Threei} bounces all the time after fae breakdowns

[12:44] {fernp} true

[12:44] {Threei} one of them will be real but how to tell it

[12:44] {Threei} same thing as it did with out coveted short trigger at 26

[12:45] {Threei} didn't work on it so may times that when it finally did, there was no way to decide on entry

[12:45] {fernp} i understand

[12:46] {strider} stopped.

[12:46] {strider} bad day.

[12:48] {fernp} bad week here, strider, not a single winning day. But tomorrow will be the day!!! :-)

[12:48] {strider} Maybe this afternoon!

[12:48] {Threei} come on, how yesterday could be not winning day?

[12:49] {fernp} only in the gross

[12:49] {dino} fsys last try hl l .75

[12:49] {dino} light week here guys, running 40%

[12:49] {strider} 40% of what?

[12:50] {dino} of daily goal

[12:51] {strider} (sound of violins)

[12:51] {dino} rocking horse winner

[12:52] {strider} AMZN

[12:53] {strider} I"m sittin' on my eff'n hands.

[12:54] {fernp} im shorting here WFC small shares

[12:54] {nemo} boy strider, that's sticking your chin out

[12:54] {dino} thats good, imo, don't trade to trade

[12:55] {nemo} action junkie=no good

[12:55] {dino} have a drink

[12:55] {strider} Another one?

[12:59] {dino} fsts out ..45 -.30

[12:59] {larisa} ENER call options are up big today. CNBC mentions.

[13:00] {dino} stupid stupid, had .33 and .42 on it, instead took two stops

[13:00] {larisa} :(

[13:01] {fernp} 1:1 WFC

[13:02] {Threei} ECB's Trichet: Impact of crisis not as bad as previously thought; conditions now allow for removal of some excess support measures

[13:02] {dino} last try hl l .00

[13:02] {dino} fsys

[13:07] {dino} stopped -.31, wow

[13:08] {larisa} fsys no news? scary to touch it

[13:08] {dino} capit drop

[13:08] {larisa} or i just do not see it

[13:08] {Threei} FSYS Hearing weakness attributed to analyst note speculating that Italian natural gas incentive program may be discontinued (timing uncertain) (44.42, -6.07, -12.02%)

[13:08] {fernp} no news here

[13:08] {Threei} this very minute

[13:08] {larisa} ty

[13:08] {nemo} I have visions of italians hooked up to pipes

[13:09] {dino} thats the dutch

[13:09] {nemo} no, not the way I see them hooked up...all that spicy food

[13:09] {nemo} natural gas

[13:10] {Threei} I am not editing seond log in a row

[13:10] {strider} You'll have to edit what you just said.:)

[13:11] {fernp} lol nemo

[13:12] {nemo} vad, watch cat weakness, could go to .20-.25 area

[13:13] {Threei} .55 trigger...

[13:13] {nemo} ja wohl

[13:14] {nemo} although market due for a bounce plus should be coming out of lunch

[13:14] {fernp} 19 minutes later... WFC 1:2

[13:16] {Les} fcx keeps on serving them up

[13:17] {dino} fsys hl l .50

[13:19] {larisa} i want fsys to go to 46 for dino.

[13:20] {dino} thx hon

[13:20] {larisa} lol

[13:21] {dino} ;)

[13:22] {strider} short .53 CAT

[13:22] {ilana} in .57

[13:23] {dino} out fsys .10 ave, +.60

[13:25] {larisa} gj

[13:25] {patience} very nice dino

[13:26] {strider} out CAT

[13:26] {strider} sshit

[13:27] {strider} AS in everything I touch today turns to....

[13:27] {nemo} strider, the set up was right, but 2 things: the market was due for a bounce, and we're coming out of lunch hour

[13:29] {dino} ty patience

[13:31] {dino} rino hl l .34

[13:34] {ilana} out cat flat

[13:34] {fernp} stopped CAT

[13:35] {Threei} don't push it guys

[13:35] {Threei} nithing happens

[13:35] {Threei} qttempt to squueze juice out of stone only leaves you with scratched hands

[13:36] {ilana} ouch

[13:38] {dino} thats a good one

[13:38] {Threei} thank you

[13:39] {dino} csco l .95

[13:39] {Threei} GS

[13:39] {Threei} want little pullback, then break of .50

[13:40] {Threei} ugh.. no pullback

[13:41] {Threei} {--- crying

06[13:41] * strider slaps Threei around a bit with a large DVD of Roy Orbison

[13:41] {patience} i switched from gold etf's to gold stocks.....easier trades today

[13:41] {Threei} {--- crying more

[13:42] {Threei} {--- missed great trade AND got slapped with DVD

[13:43] {strider} Can we rewind? I could have really used that one.

[13:43] {strider} I think it's rewinding.

[13:44] {Threei} .50 is support now

[13:44] {Threei} conservative entry nar it makes sense

[13:45] {dino} gs, no cash bonuses, giving stock w/5 year limit on sale of it

[13:46] {Threei} well... will it earn them good carma?

[13:46] {Threei} or public will still see GS as a root of all evil?

[13:47] {Threei} Fed's Duke: Housing market restoration will require more than liquidity; scarcity of lending hurts modest income households most

[13:47] {Threei} - restarting GSEs in old forms would not be wise

[13:47] {Threei} - sees possibility for some sort of Govt support to ensure securitization of mortgages

[13:47] {fernp} good moment here to enter, Vad?

[13:48] {Threei} listen here Duke: it's abundance of lending that lured modest income households in and killed them and whole economy with them

[13:48] {Threei} need market fern

[13:48] {Threei} it's still downticking

[13:48] {Threei} but if it reverses, totally

[13:48] {fernp} yeah

[13:50] {Threei} and, Duke, listen again: if securization of mortgages was a problem in private hands, it will be doubly so in governemtn hands

[13:50] {Threei} in

[13:50] {Threei} stop under .40

[13:51] {Threei} never played GS with 10 cents stop

[13:51] {Threei} never dreamt of it being possible

[13:52] {Threei} why didn't I take 1:21?

[13:52] {fernp} no go for me

[13:52] {Threei} yeah

[13:52] {Threei} greed

[13:52] {fernp} here too

[13:53] {Threei} US) Preview: Nov Monthly Budget Statement

[13:53] {Threei} **consensus expectation: -$132Be v -$125B prior

[13:57] {fernp} BIG lod

[13:59] {Threei} SIGA Hearing National Securities defending the stock (timing uncertain) (7.50, -1.16, -13.39%)

[14:00] {Threei} US) NOV MONTHLY BUDGET STATEMENT: -$120.3BB V -$131.6BE

[14:00] {Threei} - revisions

[14:00] {Threei} - 14th straight month of budget deficits; longest in recorded history

[14:00] {strider} Whoopee...celebrate.

[14:01] {ilana} are you in GS, Vad?

[14:01] {Threei} not anymore

[14:02] {Threei} [13:50] {Threei} stop under .40

[14:02] {ilana} squeesing the stone, aren't we :-)

[14:04] {Threei} hey, my stone gave juice... it was my (stupid) choice not to take 1:1

[14:05] {ilana} ok ok, just don't cry again

[14:05] {Threei} why not

[14:05] {Threei} is it free country or what

[14:05] {ilana} scary

[14:05] {Threei} as long as I have a box of tissues

[14:05] {Les} what

[14:06] {ilana} seeing Vad crying

[14:06] {ilana} good we don't use scype

[14:06] {strider} Strictly ceremonial crying.

[14:07] {Threei} scype sounds so paingul... I would certainly be crying using it

[14:07] {Threei} painful

[14:07] {Les} Vad said " is it free country or what".... it's definitely "what"

[14:08] {larisa} sigh

[14:10] {ilana} FCX H&S

[14:11] {strider} big honkin' h&s

[14:11] {ilana} actually the whole SPY is

[14:17] {patience} charming....my 135 pound puppy just stepped on my keyboard.....5 keys flipped off the keyboard across the room....never mindthe vomit and flooded bathroom he just created....i should trade in an office

[14:17] {Les} lol yuk

[14:17] {Les} cat c&h

[14:17] {Threei} I am yet to understand how this monster fits into "puppy"

[14:18] {patience} he is a newfie.....

[14:18] {Raven} sounds gay

[14:18] {Threei} lol

[14:19] {dino} awww mannnn patience

[14:19] {patience} i' no longer have keys on right side....still actively in 2 trades..this is interesting

[14:20] {Threei} nice FCX

[14:20] {magoo} fcx been a big mover over last sessions

[14:21] {ilana} as we as CAT, HIG, SPY

[14:21] {ilana} well

[14:22] {nemo} rimm too

[14:25] {Les} some consolidation at these levels in cat. looking long

[14:26] {ilana} in .02

[14:26] {Les} crap ilana, don't take my word for it!

[14:26] {Les} Vaaaaaaad!

[14:26] {ilana} was in before you potsed :P

[14:27] {Les} oh good

[14:27] {Threei} what?

[14:27] {Les} hoping spy holds up as well

[14:27] {Threei} am I keeper to dino's brother or larisa's sister?

[14:27] {Les} nothing. thought I was maliciously influencing people...

[14:28] {Threei} you sure are

[14:28] {Threei} but don't let it stop you

[14:28] {ilana} Vad, do you run a daycare as secondary business?

[14:28] {dino} no

[14:28] {Threei} we all do it day in day out

[14:29] {Threei} me and children... now, that's really bad idea

[14:29] {ilana} i think you do

[14:30] {ilana} 13:26 Les crap ilana, don't take my word for it!

[14:30] {Threei} just think of poor kids learning skills like "inhaling 200g hlass of vodka in one hulp"

[14:30] {ilana} 13:26 Les Vaaaaaaad!

[14:30] {Threei} or "cutting cigar tip with your teeth"

[14:31] {ilana} Les, kick CAT at rear, would you

[14:31] {nemo} rimm going for HOD

[14:31] {Threei} feels like we are headed for another rally

[14:32] {nemo} I was just thinking that 150-200 today

[14:32] {larisa} no, finish red today :)

[14:32] {nemo} alright folks (and strider) c u tomorrow.

[14:32] {strider} see ya, nemo.......

[14:33] {Threei} take care nemo

[14:33] {larisa} bye nemo

[14:33] {strider} I'm gone in a few also.

[14:33] {strider} Not doing any more damage today.

[14:33] {larisa} bye strider

[14:33] {strider} :)

[14:33] {Les} don't let the what hit you where on the way out Nemo?

[14:33] {Les} st

[14:34] {Threei} hmmm

[14:34] {Threei} don't let strider hit nemo on his way out??

[14:34] {Les} yeh why not

[14:34] {Les} at least no censorship required for that

[14:34] {strider} too late.

[14:34] {Threei} RIMM goes for break

[14:36] {strider} FCX consolidation

[14:36] {Les} mistake forgetting about fcx. I exited short on last low of .25. Don't think to flip long straight after. not natural to me

[14:38] {Les} out CAT for peanuts. will wait to see what SPY does

[14:39] {ilana} real money, Les?

[14:39] {Les} paper trades

[14:40] {Threei} Three US Senators put forward a compromise climate bill that includes support for more nuclear plants, clean coal, and offshore drilling

[14:40] {Threei} no chance

[14:41] {Les} wall st has seen the future. it does not involve alternative energy

[14:43] {Threei} what difference does it make for wall street

[14:43] {Threei} it will tarde whatever there is to trade

[14:43] {Les} the implementation of cap n trade through derivatives.

[14:44] {Threei} if idiots want carbon creits, wall street will trade them

[14:45] {Les} who is leading who?

[14:45] {Threei} we don't know

[14:46] {Threei} but this whole hoopla started long ago

[14:46] {Threei} and it started in Europe

[14:46] {Threei} not here

[14:46] {Les} check out cool looking carbon trading exchange: http://www.bluenext.eu/

[14:46] {Les} yeh I know

[14:46] {Threei} so I would think it's much more likely that wall street plugs along

[14:47] {Les} you still in CAT ilana?

[14:47] {Les} it made .10

[14:47] {ilana} yes

[14:47] {ilana} took half lot

[14:48] {Les} you catch this article on the subject Vad? http://www.bloomberg.com/apps/news?pid=20601086&sid=aXRBOxU5KT5M

[14:48] {fernp} RIMM Vad

[14:48] {fernp} breakout?

[14:48] {Threei} Long Setup: RIMM .90 break

[14:50] {ilana} out CAT .07

[14:50] {Threei} just confirms what I say les

[14:50] {Threei} idiots invent idiotic causes

[14:51] {Threei} wall street shrugs and figures out how to profit from them

[14:52] {Les} sure

[14:52] {Les} fyi only

[14:53] {ilana} why .90 Vad, today's high break?

[14:53] {Threei} yes

[14:53] {Threei} new high close to eod would signal closing rally

[14:56] {fernp} gotta go. have a good evening all. see you tomorrow.

[14:56] {Threei} take care fern

[14:56] {ilana} HGSI C&H and close to today's high

[14:57] {ilana} C&H 5 min chart

[14:57] {dino} cya fern

[14:57] {ilana} bye fern

[14:59] {dino} aet, unh, wlp rocking

[15:03] {dino} out csco +.02

[15:04] {Les} GLD

[15:06] {Threei} aggressive entry is preferrable on RIMM

[15:06] {Threei} .90 is a bit too far from .70 which is support for stop placement

[15:18] {Threei} no range at all today

[15:18] {Threei} whole day running in place

[15:19] {Les} I'm curious to know how my trading will be once a reasonable trend returns.

[15:19] {Les} hopefully a little less frustrating than this

[15:20] {Threei} can't even beging telling you how I hate this language

[15:20] {Les} ?

[15:20] {Threei} delighted... fristrated...

[15:20] {Les} english?

[15:20] {Les} equivelant in Russian is?

[15:20] {Threei} sigh

[15:21] {Threei} I am talking about this emotionally charged attitude

[15:21] {Les} what? in this room? in trading? or the english language itself?

[15:21] {Threei} never mind

[15:22] {Les} I'm outta here. c u tomorrow

[15:22] {Threei} take care

[15:22] {dino} cya

[15:23] {dino} lol too

[15:27] {dino} fsys hl l ave .14

[15:27] {ilana} stopped RIMM

[15:30] {dino} oxm hl s .25

[15:33] {Threei} looking at indices chart today,

[15:33] {Threei} total randomness

[15:34] {ilana} HIG db

[15:34] {Threei} GLD watching for bounce scalp

[15:37] {dino} lci

[15:38] {dino} drug approval

[15:38] {Threei} LCI Receives FDA Approvals for Hydromorphone Hydrochloride Tablets USP, 2 mg, 4 mg and 8 mg Strengths

[15:38] {Threei} - received approvals from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Ap... (6.74, +0.26, 4.01%) more...

[15:44] {ilana} what do you think about holding it overnight for morning gap?

[15:44] {Threei} NKBP trying again

[15:44] {Threei} holding what?

[15:44] {dino} out fsys .55, +.41\

[15:45] {dino} oxm bstyop to b/e

[15:46] {Threei} RIMM...

[15:46] {magoo} huh/

[15:46] {magoo} huh?

[15:48] {dino} oxm to .15

[15:48] {dino} cov +.10

[15:51] {dino} f'ing oxm hitting stop

[15:52] {dino} too tight

[15:52] {dino} lol, + a whopping $14 for all this work

[15:52] {Threei} lol

[15:53] {dino} alto, dec. so far all positive (small)

[15:54] {dino} scalps working, sticking to it

[15:54] {ilana} .40 - scalping is it :-)

[15:54] {ilana} gn all

[15:55] {Threei} take care ilana

[15:55] {Threei} mgs

[15:55] {dino} well, half lots, but once up $100 trailing to protect

[15:55] {Threei} look at NKBP forming C&H

[16:00] {Threei} thank you all

[16:00] {Threei} empty listless day

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {dino} thx all

[16:00] {larisa} bye!

Dec 09 2009

Very nice day with 6 wins out of 7 calls. Quite a few of them were good for bigger moves and called as such. GLD played on both sides, RIMM gave a few worthy flays, so did FCX. End of the day was marked by a few colorful jokes as traders let the steam out.

Session Time: Wed Dec 09 00:00:00 2009

[07:46] {Threei} FITB

[07:46] {Threei} Fifth Third Bancorp Current tier 1 ratios remain well above regulatory minimums, expects tier 1 cap to stay above minimums under potential stress scenarios - slides ahead of Goldman conf

[07:46] {Threei} - Realized credit losses have been significantly below SCAP baseline and more adverse scenarios.

[07:46] {Threei} - Trends in net interest income and net interest margin compare favorably with peers.

[07:46] {Threei} - Sees continued expansion of net income margin in Q4, stable net income interest in Q4.

[07:48] {Threei} JAZZ Jefferies Initiates JAZZ with Buy, price target: $11

[07:48] {Threei} VNDA Jefferies Initiates VNDA with Buy, price target: $22

[08:10] {Threei} SQNM Update: Auriga raised to Hold from Sell, price target $4 (4.36, 0.00, 0.00%)

[08:11] {Threei} lol... do these people even gave quotes?

[08:21] {Threei} anyone see any PAL news?

[08:28] {tomg} yesterday some news on PAL but not today that i can see

[08:28] {tomg} restarting operations at its Lac des Iles mine

[08:29] {Threei} ty... I don't have it for some reason

06[08:29] * nemo slaps Threei around a bit with a large blizzard

[08:29] {Threei} hmmm

[08:29] {Threei} OK... whatever... no b,lizzard here anyway {G}

[08:29] {nemo} there is here

[08:29] {Les} ha. your cable gonna hold up today nemo?

[08:30] {nemo} question of the day Les

[08:30] {nemo} electricity could be an issue also

[08:31] {Raven} quite clam here at the moment

[08:31] {nemo} mmhhhh, freshwater mussels?

[08:31] {Raven} nah ... the zebra mussels kilt them all

[08:32] {nemo} irish zebra mussels?

[08:32] {Raven} perhaps

[08:33] {nemo} Raven...I'd bet your glad I never bred.

[08:33] {Les} most notable feature of housing in switzerland...

[08:33] {Les} electricity and cables are buried

[08:33] {Raven} that is a great relief ... glad you revealed that fact

[08:34] {Raven} last remark directed at both nemo and Les

[08:34] {nemo} I tell people I know I'd like to get married and have kids...they start writing me checks

[08:34] {Les} what?

[08:34] {Raven} lol

[08:34] {Les} I'm an ex-soldier

[08:34] {Les} child left in every ville i visited

[08:34] {nemo} I'm not sure who should be more offended...Les being grouped with me, or me being grouped with Les

[08:35] {Raven} too complex .. my remark was directed at Les's buried utilities comment

[08:36] {Threei} lol

[08:36] {Threei} that's deep

[08:36] {Les} :P

[08:36] {Raven} sheesh

[08:36] {nemo} piled high more like it

[08:36] {Les} what's on the watch list Vad?

[08:37] {nemo} stocks

[08:37] {Threei} JAZZ

[08:37] {Threei} NANO

[08:37] {Threei} VNDA

[08:37] {Les} what happened in pharm land?

[08:38] {Les} pharma

[08:38] {Threei} JAZZ and VNDA upgrades by Jeffries

[08:38] {Threei} with 11 and 22 targets

[08:39] {Les} ok. normal that jeffries doubles the price target for stocks it chooses?

[08:41] {Threei} lol

[08:41] {Les} when you see upgrades like that Vad - they normally so high as what Jeffries is putting on JAZZ and VNDA?

[08:42] {Threei} there is no normally

[08:42] {Threei} compare it to:

[08:42] {Threei} [08:10] {Alert} Threei SQNM Update: Auriga raised to Hold from Sell, price target $4

[08:42] {Threei} look at SQNM price

[08:42] {Threei} and tell me what "normally" is

[08:43] {Les} so how does an upgrade and downgrade influence price?

[08:44] {Threei} wouldn't you want it to be this simple

[08:44] {Les} insiders looking to sell SQNM pre-market?

[08:44] {Threei} it's not that straightforward

[08:44] {Threei} and never the same

[08:44] {Threei} and why premarket only

[08:45] {Threei} and if they wanted to sell, why would they assign a target 4?

[08:45] {Threei} below current?

[08:45] {Les} hmmm. bears taking up short positions?

[08:46] {Threei} why upgrade then?

[08:46] {Les} whatever. I assume it represents trading opportunity either way

[08:46] {Threei} there you go

[08:46] {Threei} it just attracts attention

[08:47] {Threei} after that, it's just read the action

[08:47] {Les} stop rationalising like that. soon I'll be navel gazing like yourself prior and post market

[08:48] {Threei} sorry

[08:48] {Threei} didn't mean to make you all philosophical

[08:48] {Threei} one nemo is quite enough {G}

[08:49] {Les} :)

[08:49] {Les} so are upgrades and downgrades the fundamental of your daily trading outlook?

[08:50] {Threei} not even close

[08:51] {Threei} overwhelming majority of them is meaningless

[08:51] {Threei} sometimes they provide opportunities on the oppsite side

[08:51] {Threei} and sometimes they provide opportunities when we deal with hot stocks

[08:51] {Threei} JAZZ and VNDA are volaitle ones, recent momos

[08:52] {Les} so the tickers in this case attracted your attention?

[08:52] {Threei} targets are far enough from current price,

[08:52] {Les} ah ok. question answered

[08:52] {Threei} so there is a chance they may get re-kindled interest

[08:52] {Les} cool beans

[08:56] {Les} I see public option stripped from national health care overhaul

[08:57] {Les} "...the group cobbled a proposal to empower the government's Office of Personnel Management to run a new national plan that would be run by nonprofit entities established in the private sector..."

[08:57] {Les} good to see. Things back to the way they were.

[08:57] {Les} lobbyists in charge

[09:01] {strider} Good morning to everyone in the peanut gallery!

06[09:01] * nemo slaps strider around a bit with a large can of cashews

06[09:02] * strider slaps nemo around a bit with a large bottle of seltzer water

[09:02] {nemo} Why seltzer water?

[09:03] {tomg} vad, what route do you use for listed stocks?

[09:03] {Threei} NASDAQ

[09:03] {tomg} ok, ty

[09:03] {Threei} if left to auto, it often chooses MLCO

[09:03] {Threei} and I find it to be just a tad slower

[09:03] {tomg} yep

[09:03] {ese} GM

[09:04] {Threei} ese :)

[09:04] {strider} You're too young to remember, nemo.

[09:04] {ese} morning vad

[09:04] {nemo} dude

[09:04] {nemo} O.K. I'll bite...remember what?

[09:04] {strider} The peanut gallery was where the kids sat on the Howdy Doody show.

[09:05] {ese} dude

[09:05] {nemo} oh...

[09:05] {ese} st

[09:05] {strider} Clarabell the clown continuously shot people with a bottle of seltzer water.

[09:05] {strider} ese:)

[09:05] {nemo} yeah, vaguely remember

[09:05] {strider} how old are you?

[09:06] {strider} 12?

[09:06] {Threei} AET...

[09:07] {Threei} no volume but 50 cents gap

[09:07] {strider} there you go vad. Shoulda bought.

[09:09] {nemo} well, so much for the snap-back rally

[09:10] {ese} by the way...exited fitb yesterday with +.03......just as was getting ready to turn off the computor and head to choir rehearsal it shot up

[09:12] {Threei} [07:46] {Alert} Threei FITB

[09:12] {Threei} [07:46] {Alert} Threei Fifth Third Bancorp Current tier 1 ratios remain well above regulatory minimums, expects tier 1 cap to stay above minimums under potential stress scenarios - slides ahead of Goldman conf

[09:12] {Threei} [07:46] {Alert} Threei - Realized credit losses have been significantly below SCAP baseline and more adverse scenarios.

[09:12] {Threei} [07:46] {Alert} Threei - Trends in net interest income and net interest margin compare favorably with peers.

[09:12] {Threei} [07:46] {Alert} Threei - Sees continued expansion of net income margin in Q4, stable net income interest in Q4.

[09:12] {ese} nice scenario

[09:13] {Les} tomg has reminded me Vad. I see a SMART routing option on IB for orders. Do you know of this route option? or is it proprietory IB software?

[09:15] {Threei} most brokers have this or hat variation of smart routing

[09:15] {Threei} but it's dione differently by each

[09:15] {Les} should it be used?

[09:15] {Threei} depends on how good algoritm is

[09:16] {Threei} and I have no idea how IB strctured it

[09:19] {fernp} Good morning everybody

[09:20] {Les} hey fern

[09:20] {Threei} fern :)

[09:21] {lasertrev} gm

[09:21] {Threei} trev :)

[09:22] {strider} morning trev.:)

[09:22] {lasertrev} morning

[09:22] {Les} hi trev

[09:22] {lasertrev} hi Les

[09:22] {Threei} jeez... either Trev is much more likable than Dave, or the room gone soft like baby food

[09:23] {strider} just warming him up before we pounce.

[09:23] {lasertrev} lol

[09:23] {Threei} remember times when dave appeared in the room and was greeted with 3-5 trouts in a span of 10 seconds?

[09:23] {Les} who is dave?

[09:23] {nemo} Dave's not here

06[09:23] * strider slaps lasertrev around a bit with a large ECN fee.

[09:23] {ese} rnwk

[09:24] {Threei} lol... this exchange between les and nemo is almost carbon copy of

[09:24] {Threei} who's Ted? ted's dead baby, ted's dead

[09:24] {dino} gm all, about 7"inches wet snow\

[09:24] {nemo} actually I was quoting Cheech & Chong

[09:24] {Threei} dino :)

[09:25] {Threei} ok... that's second reference by me no one gets

[09:25] {Threei} am I THAT different?

[09:25] {strider} yes

[09:25] {nemo} got a mirror?

[09:25] {Threei} okay... sigh

[09:25] {larisa} gm

[09:25] {Threei} larisa :)

[09:26] {Threei} but come on... "this agression will not stand" quoted right after "dude"?

[09:26] {Threei} Big Lebowsky, anyone?

[09:26] {nemo} I haven't watched that in years...

06[09:26] * Threei shrugs and goes back to his cave

[09:26] {Les} don't remember that quote

[09:28] {strider} Cave? Not under the bridge?

[09:28] {Threei} my cave is under the bridge

[09:28] {Threei} why can't I have both

[09:28] {strider} yuppie.

[09:30] {Threei} WFC is still on watch for that 26 break

[09:30] {Threei} too good support on daily to dismiss the possibility of short if broken

[09:31] {strider} short under 26?

[09:31] {Threei} GNBT Signs deal with SNY for Insulin Supply

[09:31] {Threei} - signed a long-term agreement with Sanofi-Aventis Deutschland Gmbh for the manufacture and supply o... (0.57, +0.06, 12.85%) more... (related SNY )

[09:31] {Threei} not right away

[09:31] {ese} something wrong with my quotes

[09:31] {Threei} (US) Treasury Sec Geithner: Notifies Congress that administration requests extension of TARP to Oct 2010 (as expected); does not expect US to deploy more than $550B (related EUR/USD XLF )

[09:31] {ese} only 2 levels on

[09:32] {Threei} need anything ese?

[09:32] {ese} no tks vad

[09:32] {strider} AMZN selloff

[09:32] {ese} anyone else with level 2problems

[09:32] {strider} not here

[09:33] {nemo} aig sell off

[09:33] {Threei} FAS dropping

[09:33] {Threei} taking finnies

[09:34] {Threei} let's start monitoring WFC for that break

[09:34] {strider} wow AMZN

[09:34] {Threei} idea is to short 26 breakdown if it forms tight enough range

[09:34] {Threei} RIMM is holding well

[09:35] {strider} long AMZN .34

[09:36] {strider} stopped

[09:37] {Threei} sheesh

[09:37] {Threei} typed long rimm at .80

[09:37] {Threei} thing jumped 25 cents right back

[09:38] {Threei} watching this WFC bounce

[09:38] {Threei} for it to define upper limit

[09:39] {Threei} Short Setup: WFC 26 break if holding below 26.10

[09:40] {ese} l fitb .32

[09:40] {nemo} aig vad

[09:40] {dino} coo, cmtl

[09:40] {nemo} missed it

[09:41] {ese} out .41

[09:41] {ese} +.09

[09:41] {dino} gj

[09:41] {strider} wfc still valid?

[09:41] {ese} tks dino

[09:42] {Les} out wfc. 05 +.05

[09:42] {Threei} yes strider

[09:43] {Threei} Long Setup: RIMM .90 break

[09:43] {Threei} if holding above .80

[09:43] {dino} cmtlhl s .25

[09:43] {dino} cmtl

[09:44] {dino} stop is .56

[09:44] {dino} coo interesting

[09:44] {nemo} well, wfc invalimudated now

[09:45] {nemo} or, do you think a stop spike

[09:45] {Threei} Long Setup: RIMM .80 break

[09:45] {Threei} if holding above .70

[09:46] {Threei} RIMM no go

[09:46] {fernp} stopped

[09:46] {dino} cov cmtl .93, +.32

[09:46] {Threei} WFC, is not a scalp for me

[09:47] {fernp} was invalidated, no?

[09:47] {Threei} just a quick tail... nah

[09:48] {ese} nust looked at cmtl......nice one dino

[09:49] {ese} just

[09:49] {ese} have you checked out hitk

[09:49] {Threei} TEVA Confirms EU officials raided London offices (52.51, +0.07, 0.13%)

[09:49] {dino} \mw hl l .00

[09:49] {dino} stop 69

[09:49] {dino} .

[09:51] {ese} l fitb .37 pullback

[09:55] {dino} kss, nice 5 day range

[09:55] {ese} out .38 +.01 don't like the look of qqqq

[09:57] {nemo} dt on mon

[09:59] {Threei} let's tighten things up a bit

[09:59] {Threei} whether you took WFC on original trigger or on this bounce, stop is anbove .05 now

[10:00] {Threei} US) OCT WHOLESALE INVENTORIES: 0.3% V -0.5%E

[10:00] {dino} kss hl l .65

[10:06] {dino} coo app. hod

[10:06] {strider} AMZN vad?

[10:07] {fernp} VMED ,Vad? Daily is interesting

[10:07] {Threei} AMZM looks short to me

[10:07] {Threei} no setup yet

[10:08] {Threei} not sure on VMED...

[10:08] {fernp} thanks

[10:10] {Threei} Short Setup: AMZN .90 break

[10:10] {Threei} half lot

[10:10] {Threei} if holding below 131.05

[10:10] {Threei} umm

[10:10] {Threei} book profit as you see fit if you got it

[10:11] {strider} still valid ?

[10:11] {Threei} second chance entery

[10:11] {Threei} yes

[10:12] {Threei} covering half WFC

[10:12] {Threei} +.18

[10:12] {Threei} 1:1 again AMZN

[10:13] {Threei} no third entry

[10:13] {strider} only got .16......but

[10:13] {Threei} if it gets back to that trigger let it go this time

[10:13] {strider} better than a poke in the eye

[10:17] {Threei} between AMZN and WFC, RIMM stop is erased and then some

[10:17] {Threei} but nothing to write home about yet

[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:18] {Threei} **consensus expectations:

[10:18] {Threei} Crude: +500Ke

[10:18] {Threei} Gasoline: +1.8Me

[10:18] {Threei} Distillate: -500Ke

[10:19] {strider} AMZN short at .50?

[10:19] {Threei} too high risk

[10:20] {Threei} AMZN makes these sharp snapbacks

[10:20] {Threei} much better short on bounce

[10:20] {Threei} one we did at .90 had much narrower range

[10:20] {Threei} this one dropped into .50 too sharply

[10:21] {Threei} JAVA Sources not seeing likley EU agreement, final ruling expect Jan 27th -CNBC's Faber (8.39, -0.10, -1.18%) (related ORCL )

[10:21] {dino} out mw .35, +.35

[10:22] {dino} be a shame to not let them have coffee (java)

[10:22] {Threei} yeah, what poor oracle guys to do

[10:24] {ese} just in lookin around mode here.....ya gotta figure that STEC is gonna bounce sometime

[10:26] {Threei} SEED...

[10:27] {ese} l fitb .38

[10:29] {ese} skys the limit if it gets past .42

[10:30] {ese} daaaaa what......sorry i'm blind...need glasses i'm long .39 not .38

[10:31] {Les} histogram shows volume at .39 ese. I'll take .40 trigger if filled

[10:31] {larisa} ese created that volume :)

[10:31] {Threei} lol

[10:31] {Threei} good point

[10:31] {Les} oops. invalidated

[10:32] {ese} not all of it but a good slug

[10:33] {ese} ya know the mkt is just throwing little twists at us these days......no sooner do i get into fitb and the qqqq's tank 10pts ...did that when i was in gern as well

[10:34] {dino} scalpers market

[10:34] {ese} ya for sure

[10:34] {dino} less is more for me lately

[10:35] {ese} les you in.....you and me against the world

[10:35] {Les} oh no buddy

[10:35] {strider} RIMM

[10:35] {Les} level 2 didn't show buying support at .40

[10:35] {ese} how far are you from lake Como italy

[10:36] {Les} 3 hours

[10:36] {dino} kss stopped -.26

[10:36] {Threei} {dino} less is more

[10:36] {ese} we might have to do coffee in march

[10:36] {Threei} {Les} no, les is no more

[10:36] {Les} have to cross alps

[10:36] {Les} oh, you are there?

[10:37] {Threei} hey, it's not like you have to do it on foot

[10:37] {Les} Vad, WFC sure looks like it wants 26 again

[10:37] {Threei} yeah...

[10:37] {Threei} I am just keeping balance stop above .05

[10:37] {Threei} and letting it do what it wants

[10:38] {ese} will be........Rome march 8th to 13th then north to como 13th to 17th

[10:39] {Les} you bring Aston Martin, I'll bring tuxedo and silenced automatic weapon

[10:39] {Les} "the names bond...james bond"

[10:39] {ese} they call me GOLD

[10:39] {nemo} suppressed, you can't silence them

[10:39] {ese} Gold Drumstick!!!

[10:40] {Threei} oh well

[10:40] {ese} or is that finger

[10:40] {strider} You play drums, ese? Or everything?

[10:40] {Les} whateeveeeeer. but lake como was scene for Casino Royale

[10:41] {ese} yup have a degree in percussion performance

[10:41] {ese} played with 4 symphony orcestras here in Canada

[10:41] {Threei} Long Setup: RIMM .45 break

[10:41] {nemo} Bond has a degree in concussive performance

[10:41] {ese} ha ha

[10:41] {Threei} if stays above .35

[10:42] {Les} in .46

[10:42] {Threei} break of .50 should explode it

[10:43] {Threei} 1:1

[10:43] {Threei} 1:2

[10:43] {Les} done. ty

[10:43] {Les} wow

[10:43] {Threei} nice and easy

[10:44] {dino} kss last try hl l .50

[10:44] {strider} out last at .70

[10:45] {Threei} and we didn't flop to long WFC why?

[10:45] {fernp} i took 26 break

[10:45] {Threei} wtg, but share next time

[10:45] {fernp} and QID short .15 break

[10:46] {Threei} [10:45] {Threei} wtg, but share next time

[10:46] {strider} Hey, fern....you got to chare stuff.

[10:46] {fernp} lol

[10:46] {Threei} what actually happened?

[10:46] {Les} good move. didn't think to fade the short

[10:46] {Threei} market got all merry and christmasy all of a sudden

[10:47] {ese} out fitb .43 +.04 that was my 30 on the x and sales

[10:48] {ese} can now bring the blond with the Aston Martin accross the alps

[10:49] {dino} indeed

[10:51] {ese} will make a stop at the Monte Carlo casino first.......and double everything everthing i've made this year in a poker game

[10:51] {strider} yup have a degree in percussion performance......does that include piano?

[10:51] {Les} u play poker ese?

[10:52] {dino} you guys are living

[10:52] {ese} they told me in piano techniques that they were going to pass me ....so that they would never have to see me in that class again

[10:52] {ese} when i play poker ...it's not called poker

[10:52] {Les} CAT

[10:52] {strider} Jerry Lee Lewis type, huh?

[10:53] {ese} it's called spot the sucker easily

[10:53] {dino} meli sm l .95

[10:54] {dino} out kss.75, +.25

[10:54] {ese} your rockin today well dino

[10:54] {ese} as well

[10:55] {dino} lucky

[10:55] {strider} magoo snowed in?

[10:55] {ese} nahhhhhhhhhh not with your skill

[10:55] {dino} assume snow plowing

[10:55] {dino} i was up at 6:00 am taking care of places

[10:56] {Threei} Long Setup: CAT .40 break

[10:56] {Threei} if holding .35

[10:56] {dino} 2 1/2 hrs later here i am

[10:56] {Threei} ahhressive entry with very tight stop

[10:56] {Threei} hh = gg

[10:57] {Threei} invalidated

[10:58] {ese} .35 break maybe vad

[10:58] {Threei} could be, same idea

[10:59] {Threei} invalidated as well

[10:59] {ese} yup

[11:02] {nemo} hey vad, what was the energy results

[11:05] {Threei} DOE CRUDE: -3.82M V +500KE; GASOLINE: +2.25M V +1.8ME; DISTILLATE: +1.62M V -500KE; CAPACITY UTILIZATION: 81.1% 79.9%E

[11:05] {nemo} ty

[11:09] {strider} There's a backwards c&h (handle & cup) on CAT....does that reliably produce a short?

[11:10] {strider} like now?

[11:10] {Threei} not really

[11:10] {nemo} it can but look at cat and market since 10:40

[11:11] {strider} yeah

[11:12] {ese} will consider fitb again at around .31

[11:12] {ese} 1 min chart 200 ma

[11:12] {nemo} might look for range bounce play strider

[11:13] {ese} and where futures 13 ma crosses the futres 34 ma

[11:13] {ese} macd on daily is heading up

[11:13] {ese} 1 min macd will round up

[11:13] {ese} buying pressure will resume

[11:14] {ese} but heyyyy........no need to get technical

[11:15] {strider} BRCD take over chatter:)

[11:15] {strider} I'm holding a swing from .22

[11:17] {fernp} BAC if breaks 15.55, Vad?

[11:17] {Les} NVDA

[11:18] {Threei} too narrow fern

[11:20] {ese} if a baby pig is a "piglet" is a baby bull a "bullet"....this is one of them lull in the middle of the trading day questions

06[11:20] * nemo slaps ese around a bit with a large sledge hammer

[11:21] {strider} At least he didn't shoot you with a BULLET.

[11:21] {ese} ouch!!!!

[11:21] {nemo} 600-1000 my max

[11:21] {ese} man i thought the question was philosophical

[11:22] {nemo} that arc of the earth stuff to Vancouver would really throw me off

[11:22] {strider} Go Brocade....got two gaps to fill.

[11:23] {nemo} you kick the plug vad?

[11:23] {Threei} hmm?

[11:23] {nemo} market

[11:24] {fernp} CAT if breaks .50?

[11:24] {nemo} rimm teasing but no volume

[11:24] {nemo} looks good fern

[11:24] {Threei} looks like, yeah

[11:25] {strider} {-------(in best baritone) breaking out is hard to do..

[11:25] {nemo} rim shot ese

[11:26] {ese} for anyone who can make it....it's Fine Arts Night at Victoria High School tonight........all my groups are featured 2 rhythm and blues bands....concert band/pit band....and a pop choir

[11:26] {ese} ba dap bap

[11:26] {nemo} cool, it's only a 96 hour drive

[11:26] {strider} I can be there is 6 days.

[11:26] {strider} in

[11:26] {ese} perfect

[11:27] {nemo} in what strider

[11:27] {strider} tyring to snare as many as possible?

[11:27] {strider} a motorcycle

[11:27] {nemo} I'm lost

[11:27] {strider} with a snow plow attachment.

[11:27] {nemo} that would be interesting

[11:28] {nemo} You southerners don't know how to drive in the snow

[11:28] {nemo} I was living in Columbia SC when a half inch snow storm shut down the city for a week

[11:28] {strider} I know how to drive in the snow.......grew up in the appalachians. we got snow.

[11:28] {nemo} I'm out having a blast on my motorcycle, watching all the cars skid off the road and decided it wasn't such a good idea

[11:29] {nemo} o.k.

[11:29] {nemo} appalachia

[11:29] {strider} And we got mountain roads that'll curl you're hair............

[11:29] {strider} wait, you're italian...already curly.

[11:29] {nemo} was very curly...now that it's..ehhhh...ummm...silver, yeah that's it...silver, not curly at all

[11:30] {strider} so, you're prematurely, ah...silver?

[11:30] {Les} NVDA catch your interest Vad, on b/o at .70?

[11:30] {nemo} I started going silver when I was 16, most of it's because of women

[11:30] {strider} they ignored you?

[11:31] {nemo} yeah, but that's not the reason...stress inducing creatures

[11:31] {ese} vad what do you make of this market flatlining here

[11:31] {Threei} I doubt it les

[11:32] {Threei} that we need to go in coma, ese...

[11:32] {Threei} which is admittedly not a very long trip

[11:32] {ese} hmmmmmm

[11:32] {strider} unless you're on a motorcycle with a snow blade.

[11:33] {ese} i'm thinking it's tired, no more buyers.......so am not going to consider a small positon in fitb here

[11:34] {fernp} MRVL daily is attractive

[11:35] {ese} still needs something to push it though fern

[11:35] {fernp} yeah

[11:36] {ese} ahh and dn we go.....

[11:38] {ese} can't recall a december this sedate in recent memory........prefer last years white knuckle hold on for dear life scenario to this

[11:38] {nemo} well, last year we were heading for the end of the world

[11:40] {ese} heres food for thought....markets also tend to reflect the political situation as well.....things calming down down there ya figure

[11:40] {ese} Obama sense of reason per chance......just throwing that out there

[11:41] {fernp} INTC on lows

[11:41] {nemo} won't last long ese

[11:41] {ese} hmmmmmm

[11:41] {nemo} [11:40] {ese} Obama sense of reason per chance......just throwing that out there

[11:42] {ese} to be honest with you all......i like that fella

[11:43] {strider} esi, apol positive comments

[11:43] {ese} i get a sense of calm from him.........could be wrong buy.......

[11:43] {ese} but

[11:43] {nemo} great actor

[11:44] {strider} wow..apol up buck 80 today.

[11:44] {ese} ya have to be in politics i think.......everytime i talk to a politician i feel like i've been slimed

[11:44] {dino} they're all corrupt

[11:45] {dino} when a lawyer ca't make it, he goes into politics

[11:45] {ese} lol

[11:46] {nemo} really ese...I always bring vaseline

[11:46] {dino} indeed

[11:46] {dino} scum of the earth

[11:46] {strider} got to leave again........moving machinery out of my (former) woodworking shop today. See you guys later today or in the morning.

[11:47] {Threei} we'll be here strider

[11:47] {dino} cya st

[11:47] {fernp} bye st

[11:47] {ese} Idi Amin Dada..."president for life"......just declare that and get on with it

[11:47] {ese} cya St

[11:49] {strider} bu-bye:)

[11:49] {nemo} bi

[11:50] {Les} NVDA making new high very sloooooowly

[11:50] {ese} on the back of intc

[11:50] {ese} chip not working

[11:53] {ese} L sm fitb .34

[11:54] {ese} qqqq's making a move thought that i'd dabble

[11:54] {dino} kss hl l .50

[11:58] {fernp} NVDA was a valid breakout Les. I've played with CFDs +.10 ty

[12:01] {Les} dinner time fern. reward/time ratio is not interesting for me today

[12:06] {Threei} {Reward/time ratio} :(

[12:08] {Les} I prefer to prepare a lasagne. much more interesting reward for time consumed :)

[12:08] {Threei} BRCD Hearing Avian Research commenting on BRCD rumors; sees possible deal with Hitachi as unlikely (timing uncertain) (7.50, +0.13, 1.76%)

[12:10] {Threei} Short Setup: RIMM 63 break

[12:10] {Threei} if stays under .10

[12:10] {dino} meli stopped -.38

[12:11] {Threei} mibbit mulfunction?

[12:14] {Threei} give up already RIMM

[12:15] {Threei} not a scalp if sets up

[12:17] {Threei} what a stubborn buyer

[12:17] {nemo} yeah, missed cat short watching rimm

[12:23] {Threei} 1:1

[12:23] {nemo} 1/2 out

[12:23] {Threei} when the dam is broken...

[12:23] {Threei} 1:2

[12:24] {ilana} kick it on the head!

[12:24] {Threei} wow... violent aren't we

[12:25] {Threei} stop for the balance at b/e

[12:31] {Threei} out last 1/4

[12:32] {Threei} that's 3 for 4 for toady

[12:32] {Threei} today

[12:32] {dino} coo hod

[12:33] {Les} we back?

[12:34] {Threei} who we?

[12:34] {Threei} we never left

[12:34] {Les} oh. connection severed

[12:34] {Threei} that was mibbit problem I'd guess

[12:34] {Threei} mirc users stayed connected

[12:35] {Threei} missed RIMM short?

[12:35] {Les} yep

[12:35] {dino} i was kicked

[12:35] {Threei} mibbit too dino?

[12:36] {Les} will try getting mIRC to work again

[12:37] {dino} no

[12:37] {dino} oh yes

[12:37] {Threei} lol

[12:38] {Threei} yeah, it was their brief outage

[12:39] {dino} no worries

[12:40] {ese} i gotta go concert tonight......take care

[12:40] {Threei} take care ese

[12:40] {Threei} make good music

[12:40] {ese} will do

[12:43] {dino} pl

[12:43] {Les} ciao ese

[12:43] {dino} cya es

[12:50] {Les} GLD for a bounce or b/d?

[12:52] {Threei} .50 break is for ashort

[12:53] {Threei} other than that, no read

[12:54] {Threei} Short Setup: FCX .70 break

[12:54] {Threei} if stays under .80

[12:58] {nemo} gld vad

[12:59] {nemo} yeah would have been good

[12:59] {Threei} it was

[12:59] {larisa} lol

[12:59] {Threei} shorted aggressively around .60

[12:59] {nemo} love quickie's

[12:59] {Threei} covered .39

[13:00] {nemo} thanks for telling me...and....your welcome

[13:00] {Threei} awww

[13:00] {Threei} too soon

[13:00] {Threei} what?

[13:00] {nemo} WOW!

[13:00] {Threei} I said short on .50 break

[13:00] {Threei} who porevented you?

[13:00] {nemo} where

[13:00] {Les} your a bad man Vad

[13:00] {Threei} [12:50] {Les} GLD for a bounce or b/d?

[13:00] {Threei} [12:52] {Threei} .50 break is for ashort

[13:01] {Threei} how the heck am I bad?

[13:01] {Les} you didn't share

[13:01] {nemo} oh, didnt see that, nephew home early froom school

[13:01] {Threei} 13:00] {Threei} [12:52] {Threei} .50 break is for ashort

[13:01] {Threei} hw the heck did I not share?

[13:01] {Les} and you got in beforehand with a .10 head start

[13:01] {Les} it jumped straight over trigger

[13:01] {Threei} type of entry is personal decision

[13:02] {Threei} it's a mater of trading tyle

[13:02] {Threei} I am not going to tell you how you should manage your risk

[13:02] {Threei} I am showing you the ways to do it, you pick among them

[13:02] {Threei} none of them is better or worse

[13:03] {nemo} bounced right at support

[13:03] {Threei} so let's agree: unless you are female, blonde, 6 ft high and under 25 - don't call me bad

[13:04] {Les} will send email to my sister tomorrow

[13:04] {Threei} TREASURY'S $20B 10-YEAR NOTE REOPENING DRAWS 3.448%; BID-TO-COVER RATIO: 2.62 V 3.01 PRIOR AND 2.85 OVER THE LAST 5

[13:04] {Threei} - Indirect bidders take 34.9% of competitive bids, with 67.28% alloted at high

[13:05] {Les} GLD looking breakdownish again

[13:05] {Threei} not my type of trade

[13:05] {Threei} vertical drop

[13:06] {Threei} btw Ilana, this is second short in a row on GLD that works

[13:06] {Les} out for +.15. OK, so you're not so bad anymore

[13:06] {Threei} probably time to un-hate it

[13:08] {nemo} rimm looking short

[13:08] {nemo} lotta' buying at .7

[13:08] {nemo} .07

[13:11] {Les} CAT consolidation before b/d?

[13:11] {nemo} risk reward not great though, break of five and 1:1 would be .90, lotta support

[13:12] {larisa} whats "break of five"?

[13:12] {nemo} .05

[13:13] {nemo} sorry

[13:13] {nemo} english, second language

[13:13] {Les} what, your second language nemo?

[13:13] {Les} you speak la bon italiano?

[13:13] {larisa} 5 getting more respect then 7 0 or 9 :)

[13:14] {nemo} used to when my grandmother was alive

[13:14] {nemo} I speak german

[13:14] {Les} cool

[13:16] {nemo} well, Rimm still valid by the proverbial hair

[13:17] {Les} .90 break down on CAT looking fimer

[13:17] {Les} firmer

[13:18] {Les} gonna visit sister in Stuttgart maybe 21st

[13:18] {nemo} Stopping at Daimler Benz

[13:18] {Les} the whole city is a factory showfloor

[13:18] {Les} of new model cars

[13:20] {nemo} don't think I'd go after cat if it triggers Les

[13:20] {dino} trgt hl l /00

[13:20] {dino} .

[13:20] {Les} too late. dishes are done maaaan.

[13:21] {magoo} moprning

[13:21] {nemo} you get one mags?

[13:21] {Threei} hey mags

[13:21] {dino} silver blood

[13:22] {Les} hey mags. I'd fish slap ya but I'm against cruelty to americans

06[13:23] * nemo slaps Les around a bit with a large book of trading room etiquette...w/spikes

[13:23] {magoo} how was morn trading?

[13:23] {nemo} pretty good

[13:23] {Threei} 4 out of 5

[13:24] {magoo} sigh..i knew it:)

[13:24] {Threei} look at last GLD short

[13:24] {Threei} RIMM behaved better today too

[13:25] {magoo} no choice..was out plowing

[13:26] {Les} out CAT for +.08. gotta go. back for close

[13:33] {magoo} bounce time gld vad?

[13:34] {Threei} doesn't feel right to me

[13:34] {Threei} bounces look like just nmatural volatility

[13:34] {Threei} main direction is still down, IMO

[13:35] {magoo} well it bounced .30 cents

[13:37] {Threei} so I was wrong

[13:37] {Threei} gimme that snowthrower

[13:37] {nemo} don't do it again, Vad

[13:37] {magoo} i btook it anyway

[13:37] {Threei} can't promise nemo...

[13:38] {magoo} just wanted your blressing

[13:39] {magoo} out .93

[13:39] {Threei} lol

[13:39] {magoo} + .30

[13:39] {Threei} go fix snothrower

[13:39] {Threei} then give it to me

[13:39] {Threei} you'll call trades, I'll clean snow

[13:40] {magoo} i must have a setting"fill and cancel" cause if i fill say half the remaining order is canx..u know where that setting is?

[13:40] {magoo} is thatthe auto cabncel?

[13:41] {Threei} no, you must have set it somewhere

[13:41] {magoo} bottom of ttrade settings in lev 2?

[13:41] {Threei} I don't remember where

[13:41] {Threei} don't see it there

[13:42] {magoo} in lev 2 settings..what u have bottom center in Auto cance/replace? i have 5

[13:43] {Threei} 5

[13:43] {Threei} but that's not it

[13:49] {magoo} btw, it was a good bounce scalp and YOUR direction call weas correct also

[13:50] {Threei} ah you are just trying ot make me feel better... quit being so getle and give me that snowthrower

[13:52] {magoo} how about this twist..ill be the snowthrower..throwing them at u

[13:52] {Threei} lol

[13:56] {magoo} hey trev

[13:56] {magoo} dcc

[14:06] {Threei} GLDS... probably long scalp on 110 break

[14:06] {Threei} GLD

[14:07] {ilana} in .83

[14:07] {ilana} i mean .93

[14:07] {magoo} in .90

[14:07] {Threei} you are aggressors

[14:08] {ilana} aggroissa aggressors

[14:16] {ilana} i'm afraid it's time for SPY reversal, according to the chart?

[14:16] {ilana} out .99

[14:16] {nemo} volume looks good

[14:19] {magoo} trimm

[14:19] {magoo} RIMM

[14:19] {Threei} PRU Hearing BofA/Merrill Lynch names PRU, APA, BA, HON, ORCL "5 stocks to own for 2010" (46.92, +0.04, 0.09%) (related APA BA HON ORCL )

[14:21] {dino} egn

[14:24] {Threei} mags

[14:24] {magoo} ya a

[14:24] {Threei} get ready to get out into next sharop spike

[14:24] {Threei} unless you went in just for a scalp, in which case, just get pout

[14:24] {Threei} out

[14:25] {magoo} was thinking .20 area

[14:26] {Threei} depends on your intetnions... if scalp, you have it,

[14:26] {Threei} but if yoyu want more - .20 doesn't make much sense

[14:26] {magoo} my intentions are greedy

[14:26] {Threei} I mean if it goes there from here, it will go higher

[14:27] {larisa} whats with GRMN today?

[14:27] {magoo} well..was waitin .28

[14:27] {magoo} thats a level

[14:28] {nemo} Xmas

[14:28] {Threei} it had a few news items

[14:28] {larisa} 12:30 pop up

[14:29] {Threei} 1:10:12 PM

[14:29] {Threei} Garmin Ltd Exec: Plans to release several Nuvifone models in 2010 - Barclays conf comments

[14:29] {Threei} - 2010 gross margins should remain largely similar to 2009 levels.

[14:29] {Threei} - Forecasts long-term growth rate of 10-15%.

[14:29] {Threei} - Currently evaluating several acquisition opportunities.

[14:29] {dino} grmn, faa stc for gts series

[14:29] {Threei} 7:05:05 AM

[14:29] {Threei} Garmin Ltd Granted FAA approval for TAS and TCAS traffic systems

[14:29] {Threei} - The FAA has granted an approved model list supplemental type certificate (AML-STC) for the Garmins TAS and TCAS I traffic systems, the GTS 800, GTS 820 and GTS 850. The initial AML-STC includes approximately 580 different aircraft makes and models and Garmin expects to add additional aircraft to the AML-STC in 2010.

[14:31] {magoo} covered .04 TY

[14:31] {magoo} may reload

[14:33] {magoo} reloaded it .08

[14:37] {Threei} spike is coming

[14:37] {Threei} came I mean

[14:37] {Threei} well, at the time i meant it was coming

[14:37] {Threei} but now I can state it came

[14:37] {dino} ralllllllllllllllllllllly

[14:38] {Threei} :)

[14:38] {Threei} got it mags?

[14:38] {magoo} RIMM

[14:38] {magoo} we missed it

[14:38] {Threei} did you get exit on GLD?

[14:38] {magoo} scroll up

[14:38] {Threei} I see you reloaded

[14:38] {Threei} I don't see you exited

[14:39] {magoo} no, see the greed part lol

[14:39] {Threei} you have problems with eyes

[14:39] {Threei} your eyes should be focusing on prifit at hand... instead they look for profits you missed

[14:40] {magoo} now that hurts

[14:40] {nemo} rnext resistance for rimm 65

[14:40] {Threei} finally... made my day :)

[14:40] {magoo} more like .40 area resist

[14:40] {Threei} I made some nice calls, made monay AND hurt someone's feelins - all in one day

[14:41] {magoo} only thing left to complete perfect day is go out and kick a cat

[14:42] {ilana} CAT is consolidating, real needs a kick :-)

[14:42] {nemo} volume not right, but if market keeps going

[14:44] {Threei} sorry can't help there

[14:44] {Threei} I don't kick cats

[14:44] {magoo} but u have no issues kickin magoos

[14:44] {Threei} not at all

[14:45] {ilana} c'mon RIMM, any chance to enter?

[14:45] {magoo} out .40 TY

[14:45] {Threei} GLD?

[14:46] {magoo} ya ya

[14:46] {Threei} beautiful

[14:47] {magoo} magoo blushes, cant understand the emotional turmoil vad purtting him thru

[14:47] {Threei} lol

[14:48] {fernp} QID if breaks lod, Vad?

[14:49] {Threei} I'd feel much better about this trade if it bounce ro 21 first

[14:49] {Threei} then lost .90 for short

[14:49] {fernp} ty

[14:50] {nemo} amzn very sedate in this up move

[14:55] {Les} AWIAV?

[14:55] {Threei} NATM

[14:55] {Threei} not at the moment

[14:55] {Threei} but got couple good ones inbetween

[14:56] {Threei} inbetween your appearances I mean

[14:56] {Threei} and I hurt magoo's feelings

[14:56] {Les} yeh yeh

[14:56] {Threei} which is my highest achievement for the day

[14:56] {nemo} that's impossible

[14:57] {Threei} what yeh yeh? you don't believe me?

[14:57] {nemo} I don't believe he has feelings

[14:57] {Les} lol, just read the log

[14:57] {Threei} The you know I spoke nothing but truth

[14:57] {Les} don't try that on me. I'll get emotional and break the computer screen or something like that

[14:57] {Threei} thus spake I

[14:58] {Threei} try what? hurting feelings?

[14:58] {Threei} fern, I guess QID is ready

[14:58] {fernp} im in

[14:58] {Threei} kind of 50/50 but stop is .95

[14:59] {fernp} 5 cents stop

[14:59] {Threei} so risk is ridiculously small

[14:59] {Threei} right'

[14:59] {fernp} :-)

[15:00] {Threei} Bank of America Corp Completes TARP repayment as expected

[15:00] {Threei} - As previously announced, the company sold 1.286 billion common equivalent securities, generating gross proceeds of approximately $19.29 billion. The offering was priced at $15.00 per common equivalent security and its proceeds, along with existing corporate funds, were used to repurchase all the preferred stock issued to the U.S. Department of the Treasury. The company also paid the government $190 million in accrued dividends on the repurchased preferred securities.

[15:01] {Threei} now, in case someone has some New Zealand investments

[15:01] {Threei} *(NZ) RBNZ LEAVE RATE UNCHANGED AT 2.50% (AS EXPECTED)

[15:02] {Threei} anyone uses IPhone?

[15:02] {Threei} AT&T Corp To introduce incentives to curtail 'excessive' iPhone usage - WSJ (update)

[15:02] {Threei} - Claims that there are users using more than their 'fair share' of bandwidth; and could incur a higher monthly bill in the future; claims that 40% of network capacity used by 3% of the smartphone users

[15:02] {Threei} - Exec also calls for plans to increase network coverage in major metropolitan areas with a large concentration on smartphone users

[15:02] {fernp} out

[15:03] {Les} FCX

[15:03] {Threei} nice QID

[15:03] {Threei} 1:2

[15:03] {nemo} oh...tht was a short

[15:04] {Threei} hmm?

[15:04] {Threei} what else could it be?

[15:04] {nemo} I missed the call, and saw fern in

[15:04] {nemo} duh

[15:04] {fernp} i still have some MRVL from .05 Is good idea hold it overnight, Vad?

[15:05] {ilana} what does it follow - FAZ?

[15:05] {Threei} I've no slightest idea fern...

[15:05] {Threei} what ilana?

[15:05] {ilana} QID

[15:05] {Threei} no

[15:05] {Threei} QID is NASDAQ short

[15:06] {ilana} ok

[15:06] {Threei} buying QID you are saying I am going shoirt NASDAQ

[15:06] {Threei} shorting QID, as we did, you bet on NASDAQ going up

[15:06] {ilana} i c

Session Close: Wed Dec 09 15:09:39 2009

Session Start: Wed Dec 09 15:09:39 2009

Session Ident: #discussions

02[15:09] * Disconnected

02[15:12] * Attempting to rejoin channel #discussions

03[15:12] * Rejoined channel #discussions

[15:12] {Threei} lost connection

[15:12] {nemo} rimm going for 65?

[15:14] {Threei} rather yes than no

[15:14] {Threei} but no setup

[15:16] {Threei} somwething's wrong with room connections today

[15:20] {Threei} can I have my QID back?

Session Close: Wed Dec 09 15:25:20 2009

Session Start: Wed Dec 09 15:25:20 2009

Session Ident: #discussions

02[15:25] * Disconnected

02[15:25] * Attempting to rejoin channel #discussions

03[15:26] * Rejoined channel #discussions

[15:26] {Threei} am I here?

[15:26] {Threei} and not in existential philosophical sense

[15:26] {nemo} damn!

[15:26] {dino} booted again

[15:29] {dino} anyway, got out of kss .79, +.29

06[15:29] * nemo kicks Vad with a pair of steel toed moccasins

[15:29] {Les} yep

[15:29] {larisa} got .20 off RIMM short, stubborn creature. thanks nemo for alert

[15:29] {Threei} nemo made an alert?

[15:29] {Threei} while I was gone?

[15:30] {nemo} not really, just mentioned RIMM going for 65

[15:30] {larisa} RIMM res at 65

06[15:30] * Threei ;s eyes mositen up

06[15:30] * Threei is so proud

[15:30] {nemo} I said earlier, if it got by 64, next stop 65

[15:30] {Threei} pass me a tissue

[15:30] {nemo} oh jeez.

[15:31] {Threei} wait

[15:31] {Threei} this comment by didn't go through?

[15:31] {Threei} [15:12] {nemo} rimm going for 65?

[15:31] {Threei} [15:14] {Threei} rather yes than no

[15:31] {larisa} lol

[15:31] {nemo} way earlier

[15:32] {larisa} sinse 63 no pullbacks

[15:32] {nemo} very minor consolidations

[15:33] {Les} fcx .00 b/d?

[15:33] {nemo} only thing les, next major support is .90

[15:33] {Les} or is it bouncing?

[15:33] {nemo} not much for r/r

[15:35] {nemo} mmmhhhh...this major level for cat

[15:36] {Les} .24/25 strong resistance. quick short with tight stop before close?

[15:37] {nemo} for cat?

[15:37] {magoo} awiav?

[15:37] {nemo} trance

[15:37] {Threei} natm

[15:37] {nemo} I'm communing with the spirits

[15:37] {Les} lot of shares traded at .25

[15:38] {nemo} all I want is 6 lousy numbers

[15:38] {dino} evep

[15:38] {nemo} rimm had nice short setup at high, but no cajones to short such a strong stock

[15:39] {nemo} mags probably did

[15:39] {larisa} i did on divergence

[15:39] {nemo} quite the set you have

[15:39] {Les} partialed out cat .19 +.05

[15:39] {larisa} but for scalp only

[15:39] {larisa} very windy here, do not want to lose electricity

[15:39] {magoo} not my style to short RIMM when powering up up up

[15:39] {Les} fully out .14 +.10

[15:40] {magoo} thats why larisa and i broke up...her cajones LOL

[15:40] {nemo} oh...he/she

[15:40] {larisa} exactly

[15:40] {dino} lol

[15:40] {magoo} i meant figuratively

06[15:40] * magoo slaps nemo around a bit with a large trout

[15:41] {nemo} thank god it's a trout

[15:41] {magoo} like when u have a girlfriend who is the BOSS

[15:41] {magoo} i like to be the boss

[15:41] {nemo} that never lasts long

[15:42] {dino} it's good to be the king

[15:43] {larisa} if you have no girlfriend.. who are you bossing around? do you have a cat?

[15:43] {magoo} who is that directed at?

[15:43] {Threei} heh... as if cats allowed to boss them around

[15:44] {nemo} at whom

[15:44] {larisa} at you silly, you said you like to be a boss

[15:44] {Threei} mine totally owned me

[15:44] {larisa} lol

[15:44] {nemo} he just gives himself orders in the mirror

[15:44] {Les} male guinea pigs like to be boss of their own cage. no female required.

[15:44] {Les} such a sweet life that would be

[15:45] {dino} put guinea pig on freecycle, gone in 1 hour

[15:46] {dino} hated that thing, so made deal w/daughter, pig goes she gets cat

[15:46] {nemo} I know this is sticking my chin out, but goats are really cool

[15:46] {dino} lol

[15:46] {Les} yeh my dad has a herd

[15:46] {dino} dogs the best

[15:46] {nemo} they're really sweet

[15:46] {magoo} (colotful joke in nemo's address)

[15:46] {nemo} dogs are cool too

[15:47] {nemo} (colorful self-deprecating joke)

[15:47] {magoo} roflol

[15:47] {larisa} this is professional room (meek attempt to return order)

[15:47] {nemo} no

[15:47] {nemo} this is an asylum

[15:47] {Les} Ok I'll leave before I disgrace myself after Nemo's last. night all

[15:48] {Raven} {}{}{}

[15:48] {nemo} (colorful joke in Les's address)

[15:48] {larisa} bye les

[15:48] {magoo} spend more

[15:48] {Threei} sigh... my life was so good when I lost connection

[15:48] {Threei} why oh why did I ever get back

[15:48] {Raven} lots of after hour editing tonight 3i :)

[15:48] {nemo} nah, just last 5 minutes

[15:49] {Threei} just wait to see the final version when I post it

[15:49] {Raven} unbelievable

[15:49] {nemo} spent any time on the stage Raven?

[15:50] {Raven} none

[15:50] {Raven} the doors of those thangs are too small for me to get in

[15:51] {nemo} oy vay

[15:51] {Raven} (colorful joke)

[15:51] {Raven} horses

[15:51] {dino} cmtl s hl .49

[15:51] {nemo} freudian...your middle name "Tiger"?

[15:51] {Threei} I am in stitches here

[15:52] {Threei} et tu raven

[15:52] {Raven} what a room

[15:52] {nemo} Yeah....and you stay ...

[15:53] {Raven} I cannot help meself

[15:55] {fernp} I will hold overnight a small lot of MRVL from .05 and VMED .90 let's see what happen

[15:55] {fernp} good evening everybody. see you all tomorrow

[15:55] {nemo} Noches

[15:55] {Threei} take care fern

[15:56] {dino} cya fern

[15:56] {strider} Back just in time to say bu-bye again.

[15:57] {Threei} than you all

[15:57] {Threei} nice day

[15:58] {Threei} have a great evening, see you tomorrow

[15:59] {dino} cya vad

[15:59] {dino} cmtl stopped

[15:59] {strider} Sure will be glad when my days aren't cut short.....Hopefully after tomorrow.

[15:59] {larisa} bye all

[15:59] {strider} bye larisa.

[15:59] {larisa} bye strider

[16:00] {strider} :)

[16:00] {dino} gn all