Dec 15 2009

Boring but winning day. As we came to call stopped trades frogs we have to kiss in order to find princes, today's count is princesses 4 frogs 1. CSIQ long right after open (the only long today), WFC short in few minutes for nice 1:3 move, then short RIMM stopped us out by 2 cents before proceeding to work (ugh), and two more shorts that worked nicely - BBY and MET. And as action slowed down, whole lot of decidedly not funny jokes.

Session Time: Tue Dec 15 00:00:00 2009

[07:48] {strider} 07:43 EDT RIMM theflyonthewall.com: Research in Motion valuation discount unwarranted, says Jesup & Lamont

[07:48] {strider} Jesup & Lamont's analysis indicates RIMM shares trade as 25% discount to the smartphone group based on 2011 consensus estimates, something the firm feels is unwarranted. In addition, Jesup thinks RIMM's November quarter tracked to meet or beat its estimates of $3.7B in sales and $1.01 in earnings. The firm keeps a Buy rating on the stock with an $80 price target

[08:12] {nemo} Hi folks, you too birdman :)

[08:14] {Raven} {--{--

[08:15] {nemo} Oh great more ravenglyphs

[08:15] {Threei} good moprning

[08:15] {nemo} wow, spelling gone awry already

[08:15] {Raven} moprning :)

[08:15] {Threei} US) Preview: Nov Producer Price Index and PPI ex Food & Energy due at 8:30amET

[08:15] {Threei} - Producer Price Index MoM: 0.8%e v 0.3% prior; YoY expected at 1.8% v -1.9% prior

[08:15] {nemo} subtle Raven

[08:15] {Threei} (US) Preview: Dec Empire Manufacturing Index due out at 8:30amET

[08:15] {Threei} ***consensus estimate: 24.00e v 23.51 prior (Most analyst range of estimates seen from 21.0 to 26.0

[08:16] {Threei} why no one ever remarks on how perfect my cspelling is when I copy/paste...

[08:16] {Raven} cspenning just great !

[08:16] {Raven} nn=ll

[08:16] {Threei} ahh

[08:16] {Threei} welcome to my world

[08:16] {Threei} but yeah, misspellinng of word spelling is a new low

[08:17] {Threei} and you thought I hit rock bottom

[08:17] {Raven} new lows set here daily

[08:17] {Threei} well, at least we are consistent

[08:17] {Threei} and ternding

[08:17] {Threei} trending

[08:17] {Raven} sheesh!

[08:17] {Threei} lol

[08:18] {Raven} I need some tea ...

[08:18] {Threei} hey, no single mistake in lol

[08:25] {Threei} Sinovac Biotech SVA named "New Buys" by Louis Navellier's Quantum Growth Newsletter; DM, DRC, HITK names "New Sells"

[08:25] {nemo} gap up, gap down, gap up, gap down, row row row your boat

06[08:28] * nemo slaps ese around a bit with a large Pearl Bass Drum

[08:28] {ese} wow.......

[08:28] {ese} morning dude

[08:28] {nemo} dude

[08:28] {ese} whats new and exciting

[08:29] {nemo} zip zed nada, null nyet nein

[08:29] {Threei} El Duderino

[08:30] {ese} hmmmmmmm.......well then .....i know it's morning but we need to start drinking heavily

[08:30] {Threei} *(US) NOV PRODUCER PRICES INDEX M/M: 1.8% V 0.8%E

[08:30] {Threei} US) DEC EMPIRE MANUFACTURING: 2.55 V 24.00E

[08:30] {nemo} oh oh!

[08:30] {nemo} quick, hop on the down train

[08:31] {ese} that can't be right

[08:31] {nemo} yes it can

[08:31] {ese} 25.5 maybe

[08:31] {nemo} You have $ drubbing until recently, and you have fixed cost coverage requirements

[08:32] {Threei} still

[08:32] {nemo} oh, I was looking at the PPI

[08:32] {nemo} sorry

[08:32] {Threei} 6 month business conditions at worst level since July 2009

[08:32] {Threei} - Drop in Index largest since July 2001

[08:34] {Threei} ese

[08:34] {Threei} The Dude: Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not into the whole brevity thing.

[08:35] {nemo} Mmmmhhhh...the asylum is at full capacity early this morning...

[08:38] {ese} ahhhhhhhhhh.........i can do that.....i called you the exalted one yesterday.......did that work

[08:38] {nemo} yeah, he set up a mirror in front of his monitor

[08:39] {Threei} I went to look up exalted in the dictionary and fell asleep

[08:39] {ese} you get much snow up your way yesterday?

[08:40] {Threei} lol, that was my luck

[08:41] {Threei} I was returning home around 4:30-5 when snow started

[08:41] {Threei} whole highway part was abut 40 km/h

[08:41] {Threei} you can imagine how long it took to get home

[08:42] {Threei} plus irritating imbecil behind me who just doesn't get the concept of keeping safe distance when it's slippery

[08:42] {Threei} now, 30 min after I got home, rain destroyed all the snow in like 15 minutes

[08:42] {Threei} totally clear now

[08:42] {ese} always some fruit cake in the crowd.........it didn't last long here......supose to be about 20cm today or tomorrow

[08:42] {Threei} here?? in Vancouver I though

[08:42] {Threei} thought

[08:43] {Threei} early warning was not for Victoria... let me look if changed

[08:43] {ese} ummmmmmm......maybe your right.....i may have gotten that wrong

[08:44] {Threei} Greater Victoria

[08:44] {Threei} 05:44 PST Tuesday 15 December 2009

[08:44] {Threei} No watches or warnings in effect.

[08:45] {ese} yup your correct....mostly rain here

[08:55] {ese} jaso......haven't seen much action from this one for a long time

[08:56] {Threei} December 14, 2009 4:05:30 PM

[08:56] {Threei} JA Solar Holdings Expects Q4 shipments to exceed the high end of prior guidance given on Nov 10 of 170-200MW; Guides FY09 shipments to exceed 488MW vs prior guidance of 448-478MW; Guides FY10 shipments 750-800MW

[08:56] {Threei} - Based on strong customer demand for JA Solar's products, the company currently expects shipments for the fourth quarter of 2009 to exceed 210MW, compared with prior guidance in the range 170MW to 200MW.

[08:56] {Threei} couple upgrades too

[08:56] {Threei} targets are modest though

[08:57] {Threei} 5.50 and 7

[08:57] {ese} ya

[08:59] {Threei} CME Firm has cleared its first CDS trade - spokesperson (333.03, 0.00, 0.00%) (related CDSXX )

[09:00] {Threei} *(US) OCT NET LONG TERM TIC FLOWS: $20.7 V $37.1BE

[09:00] {ese} what might that be.........CDS trade...canadian dollar?

[09:01] {nemo} Credit Default Swap

[09:01] {Threei} those same that were pointed as one of the major causes of the crisis

[09:02] {fernp} Good morning everybody

[09:02] {Threei} fern :)

[09:02] {ese} hmmmmmmmm..........

[09:02] {nemo} Hola

[09:02] {ese} fern

[09:05] {strider} WY gap up...electing REIT status.

[09:05] {dino} gm all

[09:05] {strider} morning dino...

[09:05] {strider} & everybody

[09:06] {Threei} strider, dino :)

[09:06] {dino} :)

[09:09] {dino} wy

[09:09] {dino} bby

[09:12] {dino} bby gap filling 43

[09:12] {Les} No Nemo, I think you are suffering an early onset of Alzheimers...

[09:12] {Les} GM all :)

[09:12] {Threei} earlyZ?

[09:12] {Threei} morning Les

[09:15] {Threei} *(US) NOV INDUSTRIAL PRODUCTION: 0.8% V 0.5%E; CAPACITY UTILIZATION: 71.3% V 71.1%E

[09:15] {Threei} - prior Industrial Production revised from 0.1% to 0.0%

[09:15] {Threei} - prior Capacity Utilization revised fr...more... (related SPY SHY EUR/USD TLT )

[09:15] {nemo} hi lari

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:16] {larisa} :)

[09:16] {Threei} WFC

[09:16] {Threei} Wells Fargo & Co Pricing of secondary offering seen at approx $25/share -CNBC

[09:16] {Threei} ***Reminder: Firm announced at $10.4B common stock offering as part of package to repay $25B in TARP funds on Dec 14

[09:16] {Threei} the ease with which they issue shares and sell them in unprecedented amounts is amazing

[09:17] {Threei} C, BAC, WFC

[09:17] {nemo} PT Barnum at his best

[09:17] {Threei} you'd think they'll have troubles convincing the market their financial health is so great

[09:17] {nemo} Sheep shearing

[09:20] {Threei} can't say sheep resists eh

[09:20] {Threei} willing and eager participant

[09:20] {nemo} yep

[09:20] {Les} you don't think banks are buying each others shares with taxpayers money?

[09:21] {Les} just another con job at our expense?

[09:21] {Threei} what good would that do for them?

[09:21] {Les} just papering over the cracks

[09:21] {Threei} money shoffling from one p;ocket to another doesn't make sense

[09:21] {Les} neither does buying bank shares right now

[09:22] {Les} whatever.

[09:22] {Les} keeps me busy as a trader

[09:23] {Threei} look at it this way

[09:23] {Threei} buying makes sense if you can sell at profit later

[09:23] {magoo} morn

[09:23] {Threei} buying from each other doesn't help as there is no third party to sell to

[09:23] {Threei} magoo :)

[09:23] {Threei} remember old joke

[09:24] {nemo} well, market shaking off the inflation and manufacturing data

[09:24] {Threei} about broker and doctor?

[09:24] {Threei} where broker was convincing a client to buy more and more shares of some obscure company

[09:24] {Threei} showing that price quickly rises

[09:24] {Threei} finally doctor said, no, enough is enough, I have a huge gain, let's see

[09:24] {Threei} to which broker replied:

[09:25] {Threei} sell to whom? all this time you were the only buyer

[09:25] {Les} hmm. I'd love to know who is buying bank shares now

[09:25] {dino} bucket shop

[09:26] {dino} mutual funds, hedge funds, etc. long termers imo

[09:26] {Les} ascending triangle on SPY

[09:27] {magoo} vad, lol

[09:28] {ese} do any of those places still exist dino, bucket shops....pardon my ignorance here

[09:28] {Threei} in stock market they were outlawed about 90 years ago ese

[09:28] {Threei} in curencies though... they exist

[09:29] {ese} really.......huh....go figure

[09:29] {dino} bucket shops was answer to vad's joke, boiler room, good movie

[09:29] {Threei} let's get back to it later

[09:29] {ese} k

[09:29] {Threei} exactly dino

[09:31] {Threei} RIMM

[09:31] {Threei} sharp pullback into 62.60 -.70 should be an entry

[09:32] {nemo} .30 key resistance

[09:32] {Threei} RIMM: uhhu

[09:32] {nemo} yes

[09:33] {magoo} watchging BBY vad?

[09:34] {Threei} Long Setup: CSIQ 25 break half lot

[09:35] {lasertrev} gm

[09:35] {Threei} trev :)

[09:36] {nemo} wow

[09:36] {Threei} eeck

[09:36] {nemo} misse it

[09:36] {fernp} impossible here

[09:36] {dino} aim

[09:36] {nemo} had to buy at 25

[09:36] {magoo} in .97

[09:36] {Threei} lol, I knew it

[09:37] {fernp} great entry mags!!!

[09:39] {ese} L beat .11

[09:42] {Threei} Short Setup: WFC .80 break

[09:43] {nemo} damn

[09:43] {Threei} stop for scalpers above .90, for day traders above 26

[09:45] {magoo} ok covered CSIQ try vad out .53

[09:46] {ese} out beat .08 -.03

[09:46] {Threei} stop to above .90 for everyone

[09:46] {ese} should have taken the .08 when i had it

[09:46] {magoo} jaso too vader

[09:49] {Threei} stop to above .85

[09:49] {Threei} stingy

[09:49] {Threei} and intend to stay this way

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {Threei} half out or take scalp

[09:49] {Threei} half for me

[09:50] {Threei} 1:2

[09:50] {Threei} 1/4 more

[09:50] {strider} out from .88

[09:50] {Threei} stop just above .80 for the last piece

[09:51] {Threei} princesses 2, frogs 0

[09:51] {Threei} 1:3

[09:51] {Threei} either cover in full or trail

[09:51] {Threei} to above .70

[09:51] {Threei} I am out

[09:51] {magoo} out to lunch u mean :)

[09:52] {Threei} a bit early for that...

[09:53] {dino} mgln

[09:53] {magoo} great EXIT vad

[09:54] {dino} bby wants high 40s, for strike

[09:54] {Threei} 2 cents above bottom

[09:54] {nemo} losing your touch

[09:54] {Threei} age...

[09:55] {Threei} gone are the times when I could whip out my Magnum faster than my reflection in the mirror

[09:55] {strider} Please...too much information!

[09:55] {dino} lol

[09:55] {Threei} sigh

[09:56] {magoo} wheres BBY bounce vad..crushed

[09:56] {Threei} not ready yet

[09:57] {Threei} RIMM...

[09:57] {Threei} looks like short to me but the stop is too far

[09:57] {ese} L stec .38

[09:57] {nemo} I have .75 as support level for bby

[09:59] {Threei} IMO, another leg down is coming

[09:59] {fernp} SOL .60 break, Vad?

[10:00] {Threei} clooooow...

[10:00] {Threei} c=s

[10:00] {fernp} slow?

[10:00] {fernp} y

[10:01] {Threei} Short Setup: RIMM .60 break

[10:01] {Threei} if stays under .70

[10:02] {dino} comm. construction luv

[10:03] {Threei} (US) Reportedly House Democrats planning a short term extension of the US debt limit, but not a year long extension

[10:03] {Threei} ***Reminder: On 12/13 the WSJ reported that some moderate Senate Democrats are mulling supporting a short-term increase in the government's borrowing authority. Legislation on raising the debt limit may be attached to the currently unapproved $626B spending bill which covers the Pentagon's operations for FY10. On 11/5, Democratic Congressman Sen Kent Conrad of North Dakota and Rep John Spratt of South Carolina said they were considering an increase in the US' debt ceiling.

[10:03] {Threei} **Note: The US' current debt ceiling is $12.1T. On Nov 4, the US Treasury said it expected the $12.1T debt ceiling to be hit in Dec.

[10:04] {nemo} first frog

[10:04] {nemo} just barely

[10:04] {strider} had RIMM triggered?

[10:04] {Threei} not sure, that was my question also

[10:05] {nemo} yeah, just a slight jump

[10:05] {fernp} yeah and stopped here

[10:05] {strider} rude as usual.

[10:07] {dino} osk hl l .50

[10:08] {Threei} BBY conference call in progress

[10:09] {Threei} so things change on line by line basis

[10:09] {ese} out stec .45 +.07

[10:10] {ese} want to catch this on pull back.....i love the daily.......i think there is some short covering going on here

[10:11] {ese} so much for the pullback

[10:15] {strider} RIMM

[10:15] {strider} possible short?

[10:15] {strider} just spiked.

[10:15] {nemo} not at the moment

[10:16] {Les} hey hey IB is back up. AWIAV?

[10:17] {fernp} me, in SOA from .65 Les

[10:17] {ilana} CAT should go long

[10:18] {strider} stop?

[10:19] {Les} could be upper boundary of range for CAT ilana

[10:19] {nemo} would have to be .10

[10:19] {Les} thanks fern

[10:20] {fernp} :-)

[10:20] {ilana} triangle... plus market's help

[10:20] {ese} well was wrong about stec pausing........great daily chart

[10:24] {dino} snda thin hl l .50, stop lod

[10:25] {nemo} now that's a stop!

[10:25] {dino} opps, wrong stock, .18 stop

[10:26] {nemo} that could have been expensive

[10:27] {dino} yeah

[10:27] {dino} i'm mr. freeze today, everything i touch, stops

[10:28] {nemo} I'll refrain

[10:28] {ese} didn't the market climb for 2 years after the 87 crash?.........yes/no

[10:29] {dino} big time

[10:29] {ese} longer even?

[10:29] {nemo} that was pre cds cdo cmo

[10:30] {dino} late 80s and 90s rocked, if i remember correctly

[10:30] {fernp} BBY maybe double bottom here

[10:30] {ese} we might have a year to go then

[10:31] {dino} thx fern forgot about it

[10:31] {fernp} np

[10:32] {nemo} stop too big for me but AMZN looking short

[10:33] {ese} l fitb .04

[10:34] {Les} need market help Nemo. too many stocks dependent upon market help IMO

[10:36] {Les} GS down big time

[10:37] {nemo} wow, want to see a big buyer/buy program. Look at de from yesterday at 3:00 until this morning at 10:15

[10:40] {strider} WFC short on bounce?

[10:41] {dino} greeeeen

[10:41] {fernp} out SOA +.13

[10:41] {dino} gj

[10:41] {fernp} thanks

[10:44] {strider} WFC lvl 1 high is wrong.....why can't they get those numbers to update properly?

[10:44] {magoo} i think its correct .32

[10:45] {fernp} level1 ignores premarket strider

[10:45] {larisa} out of bounds trade at 10:40

[10:45] {strider} yep.. you're right. I was looking at premarket.

[10:45] {magoo} ah

[10:45] {strider} 8:25-8:30

[10:45] {nemo} you take the plug out magoo?

[10:45] {magoo} pre mkt doesnt really exist lol

[10:46] {nemo} it's an existential construct

06[10:46] * strider slaps nemo around a bit with a large copy of Heidigger

06[10:47] * nemo slaps strider around a bit with a large copy of Nitsche

[10:47] {strider} WFC not following mkt up.

[10:48] {fernp} C also breaking lod

[10:48] {strider} Nietzsche.

[10:48] {nemo} boy...the selling at .30 on cat

[10:49] {nemo} damn jumped on me

[10:51] {strider} short WFC .04 stop .20

[10:51] {fernp} you in Cat, nemo?

[10:52] {nemo} no, it jumped .31

[10:52] {nemo} I was waiting

[10:53] {fernp} good move from .30 CAT

[10:53] {nemo} yes, hit resistance at .45 from yesterday

[10:53] {magoo} wheres vad?

[10:53] {ilana} CAT +.13, ty Vad

[10:53] {Threei} why me?

[10:53] {nemo} he's got that mirror in front of his monitor now

[10:53] {Threei} you found it yourself

[10:53] {dino} out snda .94, +.44

[10:53] {ilana} FITB +.07, ty ses

[10:53] {ilana} ese

[10:54] {ilana} did i wake you up?

[10:54] {ilana} good

[10:54] {Threei} nope, I am still sleeping

[10:54] {Les} nice one on CAT b/o

[10:57] {nemo} bby downward wedge

[10:57] {Threei} Short Setup: BBY .85 break half lot

[10:57] {nemo} too funny

[10:57] {Threei} if stays below 42

[10:58] {Threei} not a scalp for me if triggers

[10:59] {magoo} in s bby

[11:01] {Les} in

[11:02] {Threei} US) FDIC: Will propose $4B budget for 2010 operations (55.8% increase y/y)

[11:02] {Threei} - Expects more banks reaching risky status through 2010

[11:02] {Threei} - Will seek to increase staff levels to 8.6K from current 7K

[11:05] {ese} hi ilana.......was just fully concentrating on drys........am long here huge.......still long fitb .04

[11:06] {Threei} 1:1

[11:06] {Les} half out

[11:06] {nemo} gotta' step out for awhile...cu

[11:07] {fernp} ty Vad

[11:07] {fernp} bye nemo

[11:07] {Threei} princesses 3 frogs 1

[11:07] {Threei} take care nemo

[11:07] {Les} better ratio than last week

[11:08] {Threei} you sleot through yesterday?

[11:08] {larisa} yesterday was this week :)

[11:09] {Les} sleot?

[11:09] {dino} tthi ouch

[11:09] {ese} ILANA!!!!!!!

[11:09] {Les} english someone?

[11:09] {dino} deck blood

[11:09] {Threei} gosh les... look at your keyboard

[11:09] {ilana} yes

[11:10] {Threei} what possible letter could be there instead of o?

[11:10] {ese} i wasn't ignoring you..........

[11:10] {Les} french keyboard

[11:10] {Threei} strider

[11:10] {Threei} nemo left, so I need someone comptenet to answer this:

[11:10] {Threei} guess who is on TV

[11:10] {fernp} QWERTY

[11:10] {strider} yes?

[11:11] {ilana} no, you were in the trade :-)

[11:11] {ese} are you an fitb follower?

[11:11] {magoo} hes setting a new 2 day record vad

[11:11] {ilana} no, out , in BBY now

[11:11] {strider} Scarlett Johannson?

[11:11] {Les} QWERTZ

[11:11] {dino} jennifer aniston?

[11:12] {Les} homer simpson?

[11:13] {dino} lol

[11:13] {dino} stewie griffen

[11:13] {ese} VAD!!!!! vads on tv?

[11:13] {ilana} my eyes!

[11:13] {Threei} hey

[11:14] {Threei} granted, I am not that aestetically pleasing that everyone should drop whatever they do and run to TV to look at me

[11:14] {Threei} but not that ugly that I'd burn anyone's retina either

[11:14] {ese} ya can't ask a simple question around here vad....forget it

[11:14] {dino} you have a face for radio

[11:14] {strider} You're darker than I thought, vad.

[11:15] {ese} ah dino.........good one

[11:15] {dino} :)

[11:15] {Threei} OK... I hate you all... find yourself someone pretty to call stocks for you

[11:16] {Les} janifer anistan sounded good...

[11:16] {Les} jennifer

[11:16] {dino} indeed

[11:16] {ese} beauty lies in the eyes of the beholder vad.......and were definitely beholdin to ya

[11:16] {ilana} vad, you're pretty like your frogless princess calls

[11:16] {Threei} too late... I found my excuse

[11:17] {Threei} larisa, patience, ilana are new threei

[11:17] {ilana} what's with fitb?

[11:17] {ilana} im mean BBY

[11:17] {ese} was just thinkin that

[11:17] {ese} re fitb

[11:17] {ilana} oh then fitb too

[11:17] {patience} moi, pourquoi?

[11:18] {larisa} leave me out of this, please, calling stocks will give me wrinkles

[11:18] {Threei} ahha!

[11:18] {Threei} now you know why I am not so handsome anymore as I used to be 10 years ago

[11:18] {Threei} well, that and excessive drinking

[11:18] {Threei} and eating

[11:18] {Threei} and smoking

[11:19] {ilana} and trading

[11:19] {Threei} and general life enjoyment

[11:19] {ese} man.......i'm outta this now.........i can see trouble brewing

[11:19] {magoo} news DECK vad?

[11:19] {ese} don't want to jeopardize the shiskabob

[11:20] {Threei} nothing fresh mags

[11:20] {magoo} ty

[11:21] {Threei} President Obama: US on track to double renewable energy production by 2012

[11:22] {Les} from 1% to 2?

[11:22] {dino} at a cost equivilent of $200/b oil

[11:26] {ilana} didn't BBY turn to db?

[11:28] {Threei} it's rather four bottoms already

[11:28] {dino} osk dead, stopped .43 -.07

[11:31] {dino} deck sm l .00

[11:32] {fernp} BAC lod

[11:34] {Les} vad, bby 50 ma is 41.57

[11:34] {Les} you waiting for it to break that?

[11:35] {ilana} bby out + .13 ty vad

[11:35] {Threei} I don't see BBY as one more play here Les

[11:35] {Threei} welcome ilana

[11:35] {dino} dwa

[11:36] {Les} ok. out +.15 ty

[11:37] {Threei} what's with my math

[11:37] {Threei} or yours

[11:38] {Threei} how .85 entry gives +.15 here?

[11:38] {Threei} isn't it closer to .25?

[11:39] {Les} partialled out at .70

[11:39] {Les} exit .70 & .65

[11:39] {Les} nothing wrong with your math vad

[11:40] {Threei} ok... feeling better

[11:40] {Les} CAT good for another short?

[11:40] {Threei} 'cause you know, being called ugly and stupid in a span of single day...

[11:40] {dino} gj

[11:40] {Les} lol

[11:40] {dino} what's w/kss, aside from cramer liking it?

[11:41] {Threei} don't see any setup on CAT

[11:41] {Threei} nothing more dino

[11:41] {dino} ebix sm l .63

[11:43] {fernp} BAC breaking

[11:44] {strider} WFC

[11:45] {strider} I'm still short at .04 from 11:10

[11:45] {dino} arst

[11:48] {Threei} (US) Treasury Sec Geithner: Bank TARP repayments now total $185B, confidence is being restored in banking system

[11:48] {Threei} - Reiterates that govt never intended to be long-term shareholders in banks.

[11:51] {strider} VAd..advice please. short WFC from 11:10 at .04. Stop at .21. bounced of it several times. hanging tough at b/e now. Should I adjust my stop?

[11:56] {dino} amed

[11:57] {strider} Did Vad go home?

[12:01] {Threei} sigh

[12:01] {Threei} I wish

[12:02] {Threei} .10 is more or less new resistance

[12:02] {strider} WFC?

[12:02] {Threei} yeah

[12:02] {Threei} I am not sure what setup you saw to short it there

[12:02] {strider} should I just go flat?

[12:03] {Threei} I can't tell because I don';t underdtand the trade itself

[12:03] {dino} whatever you do, don't make it larger

[12:03] {Threei} thus I can't tell if it goes right or not

[12:03] {Threei} I am looking at 11:10 and don't see any setup there

[12:04] {dino} put hard stop in and move on, if it stops it stops

[12:04] {Threei} heck, I don't eve see it printing anything lower thhan .06 on that minute

[12:05] {strider} sorry. Entry was at 10:50

[12:05] {strider} break of suport at 10:39

[12:05] {Threei} OK... not delighted b y setup but at least it makes sense now

[12:06] {Threei} I'd trail it to above .10

[12:06] {strider} k

[12:07] {strider} I think I've had a short bias on WFC today, because of the new stock priced at 25.00.

[12:08] {dino} "what do you believe that isn't true"

[12:09] {Threei} whateveryone knows isn't worth knowing

[12:09] {strider} I know. Was just explaining probably what was going on.

[12:10] {strider} stoopped at .11

[12:10] {strider} also stopped.

[12:15] {dino} fds

[12:20] {Threei} don't anyone accidentally flick the market.. it frozen so aloid, it will just shutter

[12:22] {Threei} BBY new break... something must have happened somewhere, pace picked up suddenly

[12:23] {ese} am back......hmmmmmmm stopped out fitb i see .00 -.04

[12:23] {fernp} 20 min later +.05 on BAC

[12:23] {fernp} woooooh

[12:24] {ese} better than a kick in the pants

[12:24] {fernp} yeah

[12:24] {Threei} I'd say, it's much quicxker than I expected, fern

[12:25] {Threei} here is what sped things up for you:

[12:25] {Threei} BAC Ticks to low of day on vague chatter Merideth Whitney has placed a $7 PT on BAC

[12:26] {fernp} thanks Merideth

[12:36] {Les} gold miners hitting lod's. b/d to come?

[12:37] {Threei} name a stock so we could seee a chart and decide whethere there is a setyup;

[12:37] {dino} $ up

[12:37] {Threei} how can such general question be answered

[12:38] {fernp} GDX is gold miners ETF

[12:39] {Threei} Preview: Dec NAHB Housing Market Index due out at 1pmET

[12:39] {Threei} **consensus expectation: 18e v 17 prior

[12:39] {Threei} - estimates range from 17-20

[12:40] {fernp} AUY on lows... but it is AUY :)

[12:40] {Threei} yeah

[12:40] {Threei} I don't see setup on GDX itself

[12:40] {Threei} AUY has one,

[12:41] {Threei} but it's way too narrow and slow

[12:42] {Les} just putting out shorting ideas. gg, auy

[12:42] {Les} dinner time...

[12:43] {Threei} GG on .50 was more attractive

[12:43] {Les} that was the idea of mentioning the shorts

[12:43] {Les} if someone found something to short...

[12:44] {strider} WY

[12:44] {fernp} AUY almost 1:1 and 12 break on daily in atractive

[12:44] {Les} you took auy fern?

[12:44] {fernp} no, just looking at it

[12:45] {strider} possible support 43.50 WY

[12:45] {strider} 43.57

[12:45] {strider} current price.

[12:48] {larisa} CAT lod, RIMM hod

[12:50] {strider} NAHB housing market index at 1PM

[12:55] {fernp} ADBE hod ... earnings release after the close

[13:00] {Threei} DEC NAHB HOUSING MARKET INDEX: 16 V 18E

[13:03] {dino} fds sm l .68

[13:03] {dino} deck tyo .49

[13:04] {dino} to

[13:05] {dino} to .57

[13:06] {dino} out .59, +.59 deck

[13:06] {larisa} gyj

[13:06] {larisa} :)

[13:06] {dino} thx

[13:09] {dino} fds was only 100 testing

[13:09] {Les} FCX

[13:19] {nemo} so...what I miss, or AWIAV

[13:19] {Threei} were you here for BBY short?

[13:19] {nemo} yes

[13:20] {Threei} then nothing much

[13:20] {nemo} did anybody toake the fcx short at 12:17?

[13:20] {Les} night all. sigh - christmas dinners begin this evening

[13:20] {Threei} take care les

[13:21] {nemo} frohes Weihnachten Les

[13:21] {dino} have fun les

[13:21] {fernp} bye Les

[13:21] {strider} WY may be forming a bottom of some sort.

[13:21] {strider} hopefully c&h

[13:21] {nemo} what's with pru today

[13:21] {dino} fds...

[13:22] {fernp} 500 min later... 500 min later... AUY 1:1 lol

[13:22] {nemo} bby crashing

[13:22] {nemo} well, fender bender

[13:23] {strider} what you think of WY, Vad?

[13:23] {Threei} I would leave it alone

[13:23] {dino} bby i like 40.50 area

[13:23] {Threei} daily and intaraday conrtradict each other

[13:24] {dino} fds will add if breaks .25

[13:27] {dino} forget that for now

[13:27] {Threei} reamliner is taking off

[13:27] {Threei} dreamliner

[13:27] {nemo} fcx short break of .44?

[13:27] {nemo} might be bottom though

[13:28] {Threei} rea;ly no idea... 50/50

[13:30] {nemo} several tests of 45

[13:30] {ese} gotta go......it's been one of those.......oh well we'll give it another shot tomorow type of days....cya

[13:30] {nemo} .45

[13:30] {Threei} take care ese

[13:30] {ese} cya vad

[13:30] {fernp} bye ese

[13:31] {larisa} bye ese

[13:31] {ilana} cya ese

[13:32] {fernp} HIG on lows

[13:32] {larisa} I am so bored, I might even consider allowing vad to tell a joke..

[13:32] {Threei} careful

[13:33] {Threei} I might just do it

[13:33] {larisa} lol

[13:33] {strider} daly looks good on HIG also, nemo

[13:33] {strider} daily

[13:34] {fernp} {nemo} yeah

[13:34] {magoo} vad, FDS news?

[13:34] {nemo} sorry

[13:34] {nemo} fakeouts

[13:35] {Threei} premarket earnings, mags

[13:35] {larisa} earnings FDS

[13:35] {Threei} 07:00 FDS Reports Q1 $0.74 v $0.74e, R $155M v $156Me; Authorizes $100M addition to share buyback

[13:35] {Threei} - Guides Q2 EPS $0.73-0.75 v $0.75e, Rev $154-158M v $158Me

[13:35] {nemo} looks like maybe b on hig

[13:36] {nemo} DB

[13:37] {nemo} pru if market picks up

[13:37] {strider} So...do you know how you sell a chicken to a blind man?

[13:37] {Threei} strange

[13:37] {Threei} HIG vs PRU

[13:37] {strider} HEY! DO YOU WANT TO BUY A CHICKEN?!!!

[13:37] {nemo} yeah, exactly

[13:38] {strider} deaf man...:)

[13:38] {strider} blew the joke}

[13:39] {strider} oh well......scoot over, vad. I need a spot in your cave.

[13:41] {dino} pbp?

[13:44] {Threei} ok strider

[13:44] {Threei} here I come to rescue

[13:44] {Threei} how do you put an elephant in the fridge im 3 steps?

[13:44] {strider} thank god

[13:44] {strider} dunno

[13:45] {Threei} open fridge,

[13:45] {Threei} put elephant in,

[13:45] {Threei} close fredge

[13:45] {Threei} now... how do you put a giraffe in the fridge in 4 steps?

[13:46] {ilana} may i may i may i

[13:46] {Threei} no!

[13:46] {strider} {-------reduced to stammering.

[13:46] {ilana} uh

[13:46] {Threei} come on

[13:46] {Threei} you already have elephant experiwence

[13:46] {Threei} giraffe should be easy

[13:46] {nemo} it's a bear trap

[13:46] {Threei} ok, hint:

[13:47] {Threei} open the fridge...

[13:47] {Threei} well?

[13:47] {strider} waiting with baited breath.....

[13:47] {Threei} oh, come on, it's easy

[13:47] {Threei} anyone?

[13:47] {ilana} there are still laughing at the first joke

[13:48] {Threei} lol

[13:48] {strider} ask nemo....he knows all about giraffes.

[13:48] {Threei} ok, if you all give up... but you'll be ashamed in a second seeing how easy it was

[13:48] {nemo} sheep are my specialty

[13:48] {Raven} {}

[13:48] {Threei} open the fridge...

[13:48] {strider} I didn't want to say that.

[13:49] {nemo} hey fcx consoliating

[13:49] {nemo} consolidating

[13:49] {nemo} Larisa

[13:49] {Threei} ilana, tell them...

[13:49] {Threei} FCX more looks like long to me nemo

[13:49] {nemo} yes

[13:49] {nemo} I agree

[13:49] {larisa} not happy with a joke. it is hundred years old

[13:49] {Threei} take the elephant out,

[13:49] {Threei} put the giraffe in

[13:49] {Threei} close the fridge

[13:50] {fernp} lol

[13:50] {Raven} rofllllllllllllll

[13:50] {Threei} larisa, it was intended to save strider

[13:50] {dino} why don't cannibals like clowns?

[13:50] {ilana} wow

[13:50] {Threei} so it had to be worst than his

[13:50] {larisa} lol

[13:50] {Threei} and it was not easy

[13:50] {dino} taste funny

[13:50] {Threei} lol

[13:51] {Threei} ok, last one and I'll go to sleep for 30 min, then try to find a trade

[13:52] {strider} Oh, you mean the first one is overe?

[13:52] {Threei} guy with horryfing stutter stops a passerby and asks with huge troubles spending like 3 minutes to get it out

[13:52] {Threei} could tell me where do I find a school for stutterers?

[13:53] {Threei} passerby waits patiently,

[13:53] {Threei} then asks with visible puzzlemenet:

[13:53] {Threei} why do you ned such a school? You stutter beautifully witholut any trasining

[13:53] {fernp} lol

06[13:53] * nemo slaps Threei around a bit with a large lead pipe

06[13:54] * Threei fainst for the next 30 minutes

[13:54] {larisa} lol

[13:57] {strider} you watching GEF, dino?

[14:00] {Threei} FCX worked like charm

[14:00] {nemo} yep

[14:01] {dino} am now, lol

[14:03] {strider} you're welcome!

[14:03] {strider} :)

[14:04] {strider} wicked daily chart.

[14:04] {dino} look at 5 day, double bottom, mat=ybe, report wasn't bad

[14:04] {dino} maybe

[14:08] {dino} sm l gef .50

[14:11] {Threei} MET

[14:11] {Threei} let';s see if we get little bounce, then .60 break

[14:11] {Threei} stop above .70

[14:13] {fernp} GY if breaks .10, vad?

[14:13] {Threei} I think so

[14:13] {fernp} ok

[14:13] {Threei} MET is good and ready

[14:14] {Threei} Short Setup: MET .60 break if stays below .70

[14:26] {Threei} MET, enough of this baiting eyelaches at me

[14:26] {nemo} batting

[14:26] {Threei} what did I say?

[14:26] {Threei} ah

[14:26] {strider} nobody knows.

[14:26] {Threei} yeah'and eyelashes

06[14:26] * Threei slaps strider around a bit with a large dictionary of Threeish

[14:27] {strider} Thanks. I needed that.

[14:27] {Threei} always

[14:27] {Threei} count on me

[14:27] {Threei} and nemo with his lead pipe

[14:28] {nemo} need lead with your head

[14:29] {strider} CS halted for news pending

[14:29] {strider} Met looks like it's halted too....sympathy?

[14:31] {fernp} shorted HIG .84 MET and HIG are the same torture

[14:36] {Threei} most anal-retentive can trail the stop to above ,65

[14:38] {nemo} volatile day

[14:39] {Threei} 1:1

[14:39] {Threei} princesses 4 frogs 1

[14:39] {strider} out +.14 from aggressive entry

[14:39] {fernp} out MET ty

[14:40] {Threei} that frikin RIMM short just had to shake us out by 2 cents before dropping eh?

[14:40] {Threei} just to spoil the record

[14:41] {jmb} Thanks Vad

[14:41] {Threei} jmb :)

[14:44] {Threei} hmmm

[14:44] {nemo} gld short vad?

[14:44] {nemo} yep

[14:44] {Threei} between my promise to faint for 30 minutes and call, just 20 minutes went

[14:44] {fernp} come on HIG, come with daddy!! I wanna go home

[14:44] {nemo} so..you lied

[14:45] {Threei} honest mistake'but we will have to rectify it

[14:45] {Threei} I take the call back

[14:45] {nemo} ha ha ha

[14:45] {Threei} all those who profited from it, you'll have to return the money

[14:45] {Threei} into the market

[14:45] {nemo} long bby should do it

[14:45] {strider} I prepaid for mine, vad. Last week.

[14:46] {Threei} lol

[14:46] {Threei} don't do it strider - that was a good one, and you are not supposed to do good jokes

[14:46] {Threei} neither am I for that matter

[14:46] {strider} Really? I thought my jokes were terrific.

[14:46] {nemo} leave that to me

[14:46] {Threei} larisa will be sorely disappointed as she expects only bad ones from me

[14:47] {strider} Actually I don't remember telling any before that bomb today.

[14:47] {Threei} of course they are strider, of course they are

[14:47] {Threei} that's what I tell myself too

[14:47] {strider} thank you...thank you very much.

[14:47] {Threei} and hey, it works

[14:47] {Threei} I laugh at them

[14:47] {strider} I think you should just type them out in Russian......be funnier that way.

[14:48] {Threei} and when I totally run out of fresh material, I just return to dino's large moth

[14:48] {strider} Hey, I was getting ready to tell that one.

[14:48] {Threei} that would be a discrimation

[14:49] {Threei} why only larisa and ilana should suffer if I can torture you all

[14:49] {strider} CS re-opens,

[14:50] {Threei} Credit Suisse Group Trading halted; Confirms settlement talks with New York DA over USD payment probe, to pay around $536M in fines

[14:50] {Threei} - Expects to record an additional pre-tax charge of CHF445M in current quarter before tax, CHF360M after tax.

[14:51] {fernp} out HIG +.10

[14:51] {Threei} finally

[14:51] {Threei} wtfg

[14:51] {Threei} ummm

[14:51] {Threei} -f

[14:51] {Threei} lol

[14:51] {nemo} wtgf

[14:52] {strider} Re-watched a favorite movie last night, and think that this room should be renamed Anatevka. Sound familiar?

[14:52] {nemo} Asylum?

[14:52] {Threei} what's that?

[14:52] {strider} A fiddler on the roof...

[14:52] {strider} Sounds crazy, no?

[14:52] {strider} But here, in our little village of Anatevka,

[14:52] {strider} you might say

[14:52] {strider} every one of us is a fiddler on the roof.

[14:52] {strider} Trying to scratch out a pleasant, simple tune

[14:52] {strider} without breaking his neck.

[14:52] {strider} It isn't easy.

[14:52] {strider} You may ask,

[14:52] {strider} why do we stay up there

[14:52] {strider} if it's so dangerous?

[14:52] {strider} Well, we stay because

[14:52] {strider} Anatevka is our home.

[14:52] {strider} And how do we keep our balance?

[14:52] {strider} That I can tell you in one word!

[14:52] {strider} Trade-ition!

[14:53] {patience} very nice strider

[14:53] {strider} I did change the last word a bit.

[14:54] {fernp} out GY +.08

[14:54] {fernp} is my fate, slow ones but profitables :)

[14:55] {Threei} cry me a river

[14:55] {strider} what a terrible fate, fern :)

[14:55] {strider} patience, no one likes my idea.

[14:55] {fernp} lol. im tired. good evening everybody. see u all tomorrow

[14:55] {strider} or hasn't seen the movie.

[14:55] {Threei} wait

[14:55] {Threei} you have to listen to one more bad joke

[14:55] {fernp} ok

[14:56] {Threei} in our household dad decides everything,

[14:56] {Threei} mom only decided who to make dad

[14:56] {Threei} ok... go

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {Raven} rofllllllllll

[14:56] {Threei} ty

[14:56] {Raven} yw

[14:56] {ilana} i think MET is not done yet from here

[14:57] {Raven} but I've almost had enough

[14:57] {fernp} at least it was short. TY see you

[14:57] {Threei} maybe Ilana, but they won't forgive me another MET call

[14:57] {strider} I give up.

[14:58] {nemo} So, a recently married couple are sitting in the bedroom and the guy throws his jeans across his wife's lap and says, "Put those on."

[14:59] {nemo} Wife looks at him quizzically, and puts them on and says, "They don't fit, you could fit three of me in here."

[14:59] {nemo} Husband says, "That's right. I wear the pants in the family, and don't ever forget it!"

[14:59] {nemo} So, wife sits there for a second with a pissed look on her face.

[15:00] {nemo} She grabs her pants and throws them at him, "Try those on!"

[15:00] {nemo} Guy says, "I can't even get one leg in them."

[15:01] {nemo} She says, "That's right. And if you EVER want to get in them again. Remember I WEAR THE PANTS IN THE FAMILY!"

[15:01] {strider} groannnnnnn................

[15:01] {Raven} sigh

[15:01] {Threei} see raven?

[15:01] {Threei} and you thought I was bad

[15:02] {Raven} it is all bad

[15:02] {nemo} DPWFL

[15:02] {Threei} I just realized that my jokes to be funny require two conditions

[15:02] {Threei} 1. you are drunk

[15:02] {Threei} 2. you don't hear me

[15:03] {nemo} That's your singing

[15:03] {strider} I think that's where you're messing up, vad. It's US that are supposed to be drunk. Not you.

[15:03] {nemo} [15:02] {&Threei} 1. you are drunk

[15:03] {Threei} yup

[15:04] {nemo} what part of "you" don't you understand?

[15:04] {strider} Zoooom! Right over nemo's head.

[15:04] {patience} sigh, no trades for me today.....not my type of market

[15:04] {nemo} well, I am kinda' short

[15:05] {strider} Believe it or not, GE spike.

[15:05] {nemo} WTF momo

[15:05] {nemo} Magoo

[15:05] {strider} patience, I commend you for your, ah......patience.

[15:05] {nemo} ese...rim shot

[15:05] {nemo} no ese

[15:06] {Threei} GE Sees 2010 industrial profits flat, expects Q4 orders to strengthen - analyst day slides

[15:06] {Threei} - Worst is behind us in financial services.

[15:06] {Threei} - Could see more restructuring through 2010

[15:06] {Threei} - ... (15.76, -0.19, -1.19%) more...

[15:06] {Threei} - Expects to hold $23-26B in cash in 2010

[15:06] {Threei} (US) Fed Chairman Bernanke: Responds to Senator Bunning, notes regulation may be better than rate policy for addressing bubbles

[15:06] {Threei} - Resource slack remains substantial

[15:06] {Threei} - Fed was too optimistic about unemployment back in May

[15:06] {Threei} - liquidity and credit programs will not spur inflation

[15:08] {Threei} notes regulation may be better than rate policy for addressing bubbles

[15:08] {nemo} .30 range in Qs today oy

[15:08] {Threei} is this the first time ever Fed admitted rates maanipulation may not be the universal answer to everything?

[15:10] {strider} That's only half the answer. The other half is printing money.

[15:11] {Threei} look at AET

[15:11] {Threei} decisive moments in health care bill fate

[15:12] {strider} MET long herre?

[15:13] {Threei} nah

[15:13] {nemo} aet sitting on 200 ma

[15:14] {Threei} guess who is on TV

[15:14] {strider} Rimsky Korsakoff.

[15:14] {nemo} his coffin maybe

[15:15] {nemo} aet just dropped

[15:15] {Threei} is the guy behind his shoulder drunk or high?

[15:15] {Threei} look at the glassy eyes

[15:15] {nemo} high, they'd be bloodshot if he were drunk

[15:16] {Threei} said nemo turning mirror away

[15:16] {nemo} going to work out, no drinking

[15:16] {strider} He's dying to get at that twinkie in his coat pocket.

[15:16] {Threei} lol

[15:17] {Threei} Reportedly FTC and FDA have proposed banning advertising focused on children for foods with excess sugar

[15:17] {Threei} - foods with more that 13 grams of added sugar per normal serving ar being singled out

[15:18] {strider} That's no problem. They'll just reduce the claimed 'serving size'.

[15:18] {strider} Already, 3 potato chips constitues a 'serving.'

[15:19] {strider} constitutes.

[15:19] {strider} I usually eat between 60 and 80 servings of chips.

[15:23] {strider} jeez

[15:23] {dino} i could go for some chips

[15:23] {strider} and magoo get get the beer.

[15:23] {dino} yes

[15:24] {strider} we'll all be right over.

[15:25] {strider} lookking for a bottom, vad?

[15:28] {Threei} not sure yet

[15:29] {dino} gef stopped -.31

[15:30] {nemo} fcx pivot is .22

[15:30] {nemo} if market right and we get some consolidation here, could be good short

[15:31] {nemo} damn

[15:31] {nemo} probably going to .80

[15:32] {Threei} it bounced right back

[15:32] {Threei} if you want it it's available

[15:33] {nemo} looks like it wants that pivot

[15:43] {dino} apparently i do not understand fds

[15:44] {Threei} I don't understand FDR either

[15:44] {nemo} he's dead

[15:44] {Threei} maybe that's why...

[15:44] {Threei} MET sudden death

[15:48] {Threei} Eric Cantor on TV

[15:48] {Threei} first time in ages I hear exact cause for the crisis pineed down

[15:48] {nemo} are you being facetious?

[15:49] {Threei} no

[15:49] {strider} {decidely not funny joke}

[15:49] {nemo} I was waiting for that

06[15:50] * strider slaps nemo around a bit with a large bag of {decidely not funny joke}.

06[15:50] * nemo slaps strider around a bit with a large balloon of {decidely not funny joke}

[15:53] {strider} I retire from the field. I can only aspire to such grossness.

[15:53] {nemo} You did a damn good job

[15:54] {strider} NO. I genuflect before your superior grossivity.

[15:54] {dino} gef sm l .40

[15:54] {strider} go gettim', dino.

[15:54] {Threei} ok, that crosses line of "needed to be edited out"

[15:55] {Threei} and janitor doesn't appreciate that

[15:55] {nemo} which one?

[15:55] {strider} Yes. I apologize for my part in that.

[15:55] {strider} The smaller part.

[15:55] {larisa} lol

[15:55] {nemo} fine...

06[15:56] * nemo slaps strider around a bit with a large balloon of HCL

[15:56] {nemo} that better Vad?

[15:56] {nemo} I wonder if cat stops at .19?

[15:57] {Threei} 4 minutes, and I am free of you...

[15:57] {Threei} so yes, it's better

[15:57] {Threei} and will be even better in 3 minutes

[15:57] {Threei} or should I says betterer

[15:58] {ilana} gooder

[15:58] {Threei} bester?

[15:58] {nemo} Guda

[15:58] {nemo} don't publish this blog

[15:58] {Threei} I will, and you be ashamed

[15:58] {nemo} I have none

[15:59] {Threei} what was I thinking...

[15:59] {nemo} obviously,,,,,,,,,you weren't

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {strider} thanks vad.

[15:59] {Threei} see you tomorrow

[15:59] {nemo} P&Q

[15:59] {larisa} bye all

[15:59] {ilana} bye

[16:00] {dino} out gef .28 -.12

[16:00] {dino} will work on that tomorrow

[16:01] {dino} ebix, kss, bby, deck, fds, gef watching tomorrow

[16:02] {ilana} lock the door behind you, dino

Dec 14 2009

6 calls, 6 wins - is there better way to start new week? NTRI, AA, HIG, OSK longs, RIMM short twice - every trade turned a princess and none remained a frog.

Session Time: Mon Dec 14 00:00:00 2009

[08:51] {rubbi} nwtepiphany97

[09:01] {Threei} HBAN Morgan Keegan Raised HBAN to Outperform from Market Perform

[09:01] {Threei} - on valuation

[09:02] {Threei} C US Treasury: Confirms CNBC reports of govt profit from Citi TARP payback; profit to be at least $13B

[09:09] {fernp} Good morning everybody

[09:09] {Threei} fern :)

[09:09] {ese} good morning

[09:09] {Threei} ese :)

[09:10] {ese} hey vad

[09:10] {Threei} ese, HBAN upgrade may be of interest to you

[09:10] {ese} tks... will take a look

[09:12] {magoo} morn

[09:13] {Threei} magoo :)

[09:13] {magoo} vad:0

[09:13] {magoo} u looking at any of the energy plays? dvn apc

[09:13] {magoo} chk

[09:13] {ese} mags.....

[09:13] {magoo} xto

[09:14] {magoo} es:)

[09:14] {Threei} CHK, maybe

[09:15] {larisa} gm all

[09:15] {Threei} larisa :)

[09:15] {larisa} vad :)

[09:18] {ese} alot of the Mid West bankreceiving upgrades lately Vad.....fitb last week or the week before

[09:18] {Threei} and most of them don't go anywhere

[09:20] {ese} true

[09:20] {strider} morning everyone.:)

[09:20] {Threei} strider :)

[09:21] {dino} gm all

[09:21] {Threei} dino :)

[09:22] {Les} and afternoon here :)

06[09:22] * nemo slaps magoo around a bit with a large sack of deer entrails

[09:22] {Threei} Les :)

[09:23] {Threei} let's see if CHK gives good setup for 25 break

[09:23] {Les} jeez vad, whole lot of thinking you did posting on Bill's over the weekend

[09:23] {Threei} I am not very familiar with the way it trades

[09:23] {Les} your thinking stirs up hornets nest

[09:24] {Threei} that's OK, I think so seldom that it's not a real danger

[09:24] {Les} nice rundown on Taibbi issue btw. I have to ask Nemo if free will exists with such systemic influence

[09:24] {dino} chk, selling their pa marcellous gas leases to hes

[09:25] {dino} xto marcellous play too

[09:25] {Threei} well, XTO gap is a bit, umm

[09:25] {Threei} insane?

[09:25] {dino} cog, same deal

[09:26] {Les} nice gap

[09:26] {dino} these are the big plasyers up here/marcellous gas

[09:29] {Threei} watching AA

[09:31] {Threei} want little pullback, then .70 break

[09:31] {Threei} hmmm

[09:31] {Threei} not sure about break right away

[09:31] {nemo} you were saying

[09:31] {Threei} staying on a sideline for now

[09:31] {lasertrev} morning

[09:31] {Threei} trev :)

[09:31] {magoo} morn trev

[09:31] {Les} after last week, happy to watch and learn some

[09:32] {Les} trve

[09:32] {Les} trev

[09:32] {lasertrev} hey Les

[09:33] {magoo} missed rimm bounce

[09:36] {magoo} news POT vad?

[09:36] {Threei} no

[09:36] {magoo} look at it

[09:37] {ese} out stld .34 rom last friday =}16

[09:37] {ese} +.16

[09:37] {Threei} will drop more mags, IMO

[09:37] {magoo} okty

[09:37] {magoo} rimm strength

[09:38] {nemo} amzn tanking too

[09:39] {magoo} nice read POT

[09:40] {Threei} Long Setup: AA .80 break

[09:40] {nemo} poor man's pot=mos

[09:40] {Threei} if stays above .75

[09:41] {Threei} Long Setup: NTRI .10 break half lot

[09:42] {Threei} not a scalp

[09:42] {nemo} oh great, diino stock

[09:42] {nemo} nvda

[09:42] {magoo} in aggress

[09:42] {magoo} .05

[09:43] {Threei} stop under .95

[09:43] {Threei} with any market help should go to .40 - .50 area at least

[09:43] {magoo} u thinking .60 area?

[09:44] {ese} missed ntri...still waitin on aa

[09:44] {magoo} as u typed\

[09:44] {ese} in .81

[09:44] {Threei} AA 1:1 in a hurry

[09:44] {Threei} half out

[09:44] {Threei} scalpers know what to do

[09:45] {ese} out .86 tks vad

[09:45] {Threei} sure thing

[09:45] {Threei} typical stock for scalp type I

[09:45] {Threei} slow, thick

[09:46] {Threei} yet liquid enough not to keep you a hostage for too long

[09:46] {ese} love that type hit that with 5k no sweat

[09:46] {magoo} wait till u start hitting it with 50k

[09:47] {Threei} offering 1/4 more

[09:47] {Threei} hit .92

[09:47] {magoo} waiting .97 vad

[09:47] {ese} nice mags.....did you do that

[09:47] {Threei} stop for the last portion is still b/e

[09:47] {magoo} NO

[09:47] {magoo} but i know thosewho do

[09:47] {ese} awwwwwwww

[09:48] {Threei} NTRI stalled

[09:48] {Threei} maybe let's trail it to under 30

[09:48] {Threei} miniscule risk

[09:49] {Threei} either it takes this .15 and goes, or to the heck with it

[09:49] {Threei} good boy

[09:49] {Threei} now go

[09:51] {magoo} out .97 TY vad AA

[09:51] {Threei} welcome

[09:51] {Threei} trailing to under .85 last part

[09:51] {Threei} new high NTRI

[09:52] {Threei} 1:1 actually, for those whose heart can't handle the stress :)

[09:52] {magoo} took a bayer this morn for the heart

[09:52] {magoo} giddy-up

[09:53] {Threei} ok... NTRI in the target zone

[09:53] {Threei} half out .37

[09:53] {Threei} stop to under b/e

[09:58] {nemo} amzn LOD

[09:59] {fernp} MO breaking hod

[10:01] {magoo} news AMZN ?

[10:01] {Threei} nothing fresh

[10:02] {magoo} anything smelly?

[10:02] {nemo} probably after 50% runup near the end of the year, it's profit taking

[10:04] {fernp} SDS c&h

[10:11] {nemo} amzn up

[10:11] {Threei} out last piece AA

[10:12] {magoo} 15 significant resis

[10:12] {nemo} right at the 50 ma

[10:13] {Threei} it very well may be another play down the road

[10:13] {Threei} let's let it digest things

[10:13] {Threei} and see if it forms new one

[10:13] {nemo} nvda might too. I took my eye off it at .30

[10:15] {Threei} mags... if you are really interested in POT, its moment comes soon

[10:15] {ese} L rrc

[10:15] {ese} RRC

[10:16] {ese} .04

[10:16] {Threei} Attention: MAGOO olny

[10:16] {Threei} Long Setup: POT .50 break

[10:16] {nemo} stop under .13

[10:17] {magoo} is your name MAGOO?

[10:17] {nemo} I was giving the stop

[10:18] {nemo} invalimudated

[10:18] {Threei} yup

[10:18] {Threei} done with second half NTRI

06[10:18] * nemo slaps magoo around a bit with a large tarsal gland

[10:19] {Threei} whatever POT does here, it's very close to bounce

[10:19] {Threei} matter of gut feel

[10:19] {nemo} it just broke a major support

[10:19] {Threei} whatever it does here - includes another sharp drop before bounce

[10:20] {Threei} point is, it's at the last stage of preparing to bounce

[10:20] {nemo} looks like to .50 and maybe .05

[10:20] {Threei} quite possible, amrket is dropping again and POT's volatility is beyond sane

[10:20] {Threei} actually it's beyond insane too

[10:20] {nemo} yeah, perfect for Magoo

[10:21] {Threei} but it's very ripe for bounce

[10:22] {Les} ooh ooh ooh can I have a go too?

[10:22] {Threei} only if you are drunk

[10:22] {Les} or is this for old hands only?

[10:22] {nemo} Are you old enough for adult rides Les?

[10:23] {ese} out rrc .08 +.04

[10:23] {Les} I'm a drunk slavic child trapped in a man's body

[10:23] {nemo} I don't know what to make of that

[10:23] {Les} thought you wouldn't

[10:23] {magoo} u feel u are incorrect gender?

[10:23] {nemo} hehehehe

[10:23] {nemo} rotfl

[10:24] {Threei} here starts the bounce, IMO

[10:24] {magoo} in

[10:25] {nemo} watch for resistance at .22

[10:26] {dino} osk

[10:26] {Threei} am I good or what

[10:26] {Threei} modest too

[10:26] {dino} -5 straight down osk

[10:26] {Les} out about 1:1. , .45 +.35. ty vad

[10:26] {Threei} mags, take profit as you see fit

[10:27] {nemo} yeah, you can share the next NOBEL with Barack

[10:27] {magoo} waiting .81

[10:27] {magoo} boss

[10:27] {Threei} welcome les

[10:27] {Threei} that's 3 for 3 today

[10:27] {Threei} can I go home?

[10:28] {Les} probably best.

[10:28] {Les} trades starting getting crappy midday afternoon

[10:28] {nemo} O.K. now that you're there...

[10:29] {Threei} magoo, out?

[10:30] {magoo} not yet'

[10:31] {Threei} it hit your target, not even partial??

[10:31] {Threei} come on

[10:31] {magoo} i un i um raised target

[10:32] {dino} osk sm l .00

[10:32] {Les} I see why this is a magoo special

[10:32] {Threei} if you turn this into loss, get ready for flagellation of the century

[10:33] {magoo} dunno what that means lol

[10:33] {Threei} you so will...

[10:34] {magoo} doesnt sound good

[10:34] {Threei} not intended to

[10:35] {nemo} RIMM .30 break?

[10:35] {Threei} big piece on Google's new phone guys, no immediate implications but I want to post it in full,

[10:35] {Threei} it can have a lot of future influences in the sector

[10:35] {Threei} not sure nemo, volume is questionable

[10:35] {nemo} yeah, looks like Qs

[10:35] {Threei} Google Inc BoA/Merrill Lynch analysts take a look at challenges facing Google's Nexus One smartphone

[10:35] {Threei} - BoA believes the iPhone and Driod are already offering some best-of-breed Google applications, wonder if there will be new applications for the phone.

[10:35] {Threei} - Belive price (both initial and monthly voice/data plans), functionality and carrier support will be key factors.

[10:35] {Threei} - Nexus One will be GSM based, so only AT&T and T-Mobile networks could support the phone and these carriers may be reluctant to embrace a new handset model.

[10:35] {ese} L fitb .07

[10:36] {Threei} - If these carriers or others would offer a data-only monthly plan, and subs. were content using Web applications (Skype, Google Voice) for voice, cost for data-only Google phone plan could be lower than current voice+data plans. Nokia has offered a non-operator locked phone without success.

[10:36] {Threei} - We see biggest risk as upsetting the carriers and handset manufacturers that are currently, or eventually could, support Google's Android operating system.

[10:36] {Threei} - Other risk is impact to Google's financial model if company launches new phone at a low price point (below cost) to build consumer acceptance.

[10:36] {dino} out osk .55, +.55

[10:37] {Les} nice one dino

[10:37] {dino} lucky, bad entry

[10:38] {magoo} we were looking at it 33 area

[10:38] {magoo} missed

[10:38] {dino} feels like 35 area coming again

[10:38] {Les} what was news on oshkosh?

[10:39] {dino} mine info/data?

[10:39] {nemo} volume looking more interesting Vad

[10:39] {dino} quick read looks fine but what do i know

[10:39] {Threei} 10:24 OSK Reportedly US GAO has found evaluation flaws in $3B Oshkosh truck award and asked US Army to reevaluate the contract award

[10:39] {Threei} - Reportedly protest by BAE and Navistar sustained.

[10:40] {dino} didn't see that news

[10:41] {ese} dino...were you in at 34 or 35

[10:41] {dino} 36

[10:41] {dino} out 36.55

[10:42] {dino} 35.35 seems to be holding

[10:42] {ese} ya.....why 36 and not 34 or 35

[10:43] {dino} missed, missed, missed

[10:43] {ese} ahhh sorry ...makes sense

[10:44] {dino} thing was moving on .40 increments

[10:46] {dino} meli hl l .22 ave

[10:48] {ese} l meli .24 sm

[10:49] {dino} guess not on 35.35

[10:49] {ese} nice call dino

[10:50] {Les} surprised airlines weak after British airway christmas strike announcement

[10:50] {dino} meli?, so far, feels like 49

[10:50] {nemo} nvda

[10:50] {dino} osk crashes again

[10:51] {nemo} oops

[10:51] {ese} out meli .48

[10:51] {Threei} RU) Russian 2010 inflation levels could be less than 9% -Russian media

[10:51] {Threei} ummm

[10:51] {ese} that was my 500 shs there

[10:51] {ese} +.24

[10:52] {Threei} magoo... you have a buck on POT

[10:52] {dino} gj

[10:52] {ese} tks dino

[10:52] {Threei} will you ever sell?

[10:52] {ese} your still in i take it

[10:52] {dino} yes

[10:52] {dino} pull up 5 day on it

[10:53] {magoo} waiting higher vad

[10:53] {ese} ok

[10:53] {dino} "do you see what i see" in the pirit of xmas

[10:53] {dino} spirit

[10:53] {Les} indecent profits... I remember the legendary trades of mags and AIG during summer

[10:53] {ese} on daily ...looks like a christmas tree

[10:54] {dino} runs to 49.40s almost daily

[10:54] {ese} ya can see that on 15 min ch

[10:55] {ese} well it's still goin....good on ya

[10:56] {dino} well, what was the risk, .02 was stop

[10:56] {dino} meli to .48

[10:58] {Les} aa close to b/d

[10:58] {ese} auch du miya.....fitb you sloth....5 to 10 cents.....thats all i ask.....surely thats not too much to ask

[11:00] {dino} out .54, +.32

[11:01] {ese} nice dino......excellent trade management

[11:01] {Threei} ese... have you seen Regina temperature over the weekend?

[11:02] {ese} ya I did........poor beggars

[11:02] {dino} ebix not liking the 3/1 spilt i see

[11:02] {dino} ty

[11:03] {ese} as ar as i'm concerned......it's summer time all year round out here

[11:03] {dino} pru hl l .00, stop lod

[11:03] {Les} regina close to you guys?

[11:03] {Threei} not really... just Prairies where we both used to live

[11:03] {ese} no ...2 provinces away

[11:03] {Threei} -50 C

[11:03] {ese} middle of the praries

[11:03] {dino} cold

[11:04] {Les} yeh saw temperatures. I'm bitching about 0 degrees

[11:04] {Threei} no... -20 is cold

[11:04] {ese} thing is though vad.......they will get a break in that weather but in Winnipeg they won't

[11:04] {Threei} -50 is beyond description

[11:04] {dino} indeed

[11:04] {Threei} exposed skin gets freeze burn in less than 5 minutes

[11:04] {ese} your vehicle freezes solid.....i've had that happen

[11:05] {Les} AA

[11:05] {magoo} u will regret moving someday..w/global warming it will be beach front

[11:06] {ese} that could be

[11:06] {Threei} with no beach though'

[11:06] {Threei} smack dub in the middle of the continent

[11:06] {ese} be back in 15

[11:10] {Threei} market is frozen

[11:12] {Threei} ok, while nothing happens, let me treat you to a russian joke, loose translation

[11:12] {Threei} Dad, are words hard, difficult and tough synonyms?

[11:13] {Threei} Not really son... Hard - to decline invitation for drinks in the evening, difficult - to calculate your right dose, tough - feeling in the morning

[11:14] {Les} only in Russia...

[11:14] {dino} hmmm

[11:18] {Raven} roflllllllllllll

[11:18] {Threei} ummm

[11:18] {Threei} thank you?

[11:18] {Raven} {------------(just being polite)

[11:18] {Threei} I know

[11:20] {dino} ebix odd

[11:21] {nemo} Hey Mags, appl looking short here

[11:21] {strider} Ebix reconfirms the 3 for 1 anticipated stock split

[11:21] {magoo} u tellin or askin?

[11:22] {nemo} not now, it broke

[11:22] {nemo} but looks like it might be setting up shortly

[11:22] {nemo} no pun intended

[11:22] {ese} back

[11:23] {dino} hl l ebix .00 stop .73

[11:24] {magoo} aig

[11:25] {nemo} mmmmh rimm weak against the Qs

[11:28] {Threei} worth atry on a short side with .50 as a resistance

[11:28] {Threei} but trigger is not too clear

[11:28] {Threei} .35 break is obvious one

[11:28] {Threei} but I am not trusting this kind of setups lately

[11:28] {nemo} no, too easy to see

[11:28] {nemo} frickin' aig

[11:29] {magoo} pout AIG + .80

[11:29] {magoo} .88 exit

[11:29] {magoo} went in after posted

[11:30] {dino} gj

[11:30] {patience} nice magoo

[11:30] {magoo} look at its level 2..definition of mojo

[11:30] {patience} better than my latest move....sold a position accidentally instead of adding to it....haven't done that booboo in years

[11:31] {magoo} dino and i do that every other week lol

[11:34] {magoo} read on AIG lord vader?

[11:34] {Threei} drop to just under 29, and I would be a buyer

[11:35] {nemo} .15 is pivot support

[11:37] {strider} AMZN short?

[11:38] {magoo} rimm bounce vad?

[11:38] {Threei} a bit of consolidation above 138 prior to break, and yes

[11:38] {nemo} it's at trend support strider

[11:38] {Threei} AMZN short that was

[11:38] {Threei} and 130 that was

[11:39] {Threei} RIMM, no

[11:39] {Threei} unless market explodes, RIMM is more likely to continue lower

[11:40] {Threei} RIMM drops even as market moves higher

[11:40] {dino} out pru .24, +.24

[11:42] {ese} out fitb .13 +.06

[11:42] {dino} meli gets to 49

[11:42] {Threei} HIG...

[11:42] {Threei} if market continues higher, may be a scalp type I on .15 break

[11:43] {nemo} breaks at lunchtime oy vay

[11:44] {nemo} wow big order .15 on hig

[11:45] {nemo} offer that is

[11:45] {Threei} RIMM is very obedient

[11:46] {nemo} amzn very weak too

[11:49] {nemo} wow look at V today

[11:53] {dino} dsw

[11:55] {ese} hig definitely looking like a break out candidate

[11:56] {Threei} stays near break line while market retreats

[11:56] {Threei} needa market bounce to take hat big offer and jump

[11:56] {Threei} needs

[11:56] {strider} HIG c&h on 15 min.

[11:57] {Threei} why didn't we short RIMM when discussed its weakness?

[12:00] {strider} pot near lod

[12:03] {magoo} AIG again

[12:05] {nemo} hig

[12:06] {strider} long HIG .16

[12:06] {strider} stop .below .10

[12:07] {nemo} 1/2 out hig

[12:07] {Threei} nice and easy

[12:07] {nemo} lunchtime

[12:08] {dino} ebix stopped -.29

[12:08] {Threei} scalp type I at its best

[12:08] {strider} out 1/2 hig. +.5

[12:08] {strider} =.05 :)

[12:08] {strider} +

[12:08] {nemo} stop b/e

[12:12] {dino} ebix rinsed'

[12:13] {strider} out hig .25

[12:13] {nemo} 1/4 more waiting .26

[12:13] {dino} gj

[12:14] {Threei} ese... tell me you got your 50K HIG

[12:15] {nemo} stop .21

[12:18] {ese} i wish

[12:19] {ese} i'd been watching fitb

[12:20] {ese} had 40k of it and took .06 but can't ind another place to get in....thought that it would ease of for lunch but it didn't

[12:21] {Threei} Winnipeg on TV

[12:21] {Threei} mama mia

[12:25] {patience} missing it vad?

[12:26] {nemo} out last of hig .26

[12:26] {Threei} ummm

[12:26] {Threei} resounding no

[12:28] {Threei} feeling chill in bones just by watcxhing these images

[12:28] {Threei} President on TV soon to talk about "fat cats"

[12:29] {magoo} jesus, now he wants to regulate veterinarians

[12:29] {Threei} lol

[12:29] {dino} lol

[12:29] {Threei} yeah, what's with overfeeding cats

[12:29] {strider} face it, vad...they're out of control.

[12:30] {dino} he likes big butts

[12:30] {strider} Vets around here ARE getting pretty proud of their services.

[12:35] {dino} pot sm l .24

[12:41] {strider} dino, V?

[12:41] {strider} doesn't that look like one of your trades?

[12:42] {ilana} RIMM

[12:43] {dino} not really stride, too strong overall

[12:43] {magoo} look on tv vad

[12:43] {magoo} 2nd today

[12:43] {Threei} yup

[12:43] {Threei} whipping up frenzy

[12:44] {dino} ugh meli, chickened out on the run

[12:44] {Threei} any barbwire producers?

[12:48] {Threei} wow HIG

[12:51] {ese} fitb wow.......

[12:54] {ese} oh exalted one......great vadski.....i have to get into letting some ride.......annoit me oh great one so that i may see the wisdom

[12:56] {strider} long V .01

[12:56] {ese} after my brother reads that last post my answering service will have this reply tomorrow

[12:57] {ese} "youss ain't wert nuttin.....ya never been any good and you'll never be any good"

[12:57] {Threei} ese... you are supposed to sober up till Monday morning...

[12:58] {ese} ya....don't know what happened

[12:58] {Threei} well, I can guess

[12:58] {Threei} the thought of Monday coming frigthened you into another bottle Sunday evening...

[12:58] {dino} is your brother named magoo?

[12:59] {Threei} at least that's how it happens with me {G}

[12:59] {strider} out 1/2 V .10

[13:00] {dino} gj

[13:00] {ese} why .....yes he is.........how'd you guess

[13:00] {dino} lol

[13:01] {dino} sounds familiar

[13:01] {ese} hmmmmmmmmm.........

[13:03] {Threei} now, this take the prize of the day as the funniest line I saw on TV today

[13:04] {Threei} Obama Gives Himself B+ for the First Year in Office

[13:04] {strider} out .14 balance

[13:05] {larisa} nice trade strider

[13:08] {dino} gj

[13:09] {nemo} great...give him a swelled head :)

[13:10] {dino} nothing like grading your own test

[13:10] {magoo} most arogant politician to datwe

[13:11] {nemo} who? Barbara Boxer?

[13:11] {magoo} feels if he must talk, and he must, then whole nation must here

[13:11] {Threei} esopecially funny in light of this:

[13:11] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

[13:14] {nemo} thining maybe cat short break of .20

[13:14] {nemo} stop .26

[13:23] {Threei} I came up with new definition for the days when we run at 100%

[13:24] {nemo} rare?

[13:24] {Threei} the day when you find your princes (princesses) without kissing any single frog

[13:26] {Threei} {--- back to sleep

[13:26] {Threei} even raven no help

[13:26] {nemo} he's just here to be entertained

[13:26] {strider} thanks, larisa, dino.

[13:27] {Threei} lol

[13:27] {dino} np

[13:27] {Threei} strider find his rythm

[13:27] {Threei} he makes money,

[13:27] {Threei} falls asleep,

[13:27] {Threei} wakes up,

[13:27] {nemo} reads log

[13:27] {Threei} reads congratulations,

[13:27] {Threei} falls asleep,

[13:27] {Threei} wakes up,

[13:27] {strider} I gots rithim....

[13:27] {Threei} answers them

[13:27] {Threei} falls asleep

[13:27] {Threei} etc

[13:28] {dino} whatever works

[13:28] {Threei} totally

[13:28] {dino} dsw continues

[13:28] {Threei} and sleep does work

[13:28] {Threei} especially in the winter

[13:28] {Threei} just ask bears

[13:29] {Threei} those who went to hibernation in the fall feel much better than those who stayed and tried to shoert this market

[13:30] {ese} I'm outta here all see ya tomorow.....

[13:30] {Threei} SBUX...

[13:30] {nemo} dude

[13:30] {Threei} worth it or not?

[13:30] {Threei} take care ese

[13:30] {ese} dude

[13:30] {Threei} your dudeness

[13:30] {strider} SBUX c&h 15 min also.

[13:31] {Threei} our local deep freeze is over

[13:31] {Threei} temperature is up to +7C tomorrow

[13:31] {Threei} 10 next day

[13:31] {Threei} good times are back

[13:34] {Threei} watching RIMM for short

[13:34] {patience} just about went into the attic looking for my winter coat....glad winter is over

[13:35] {nemo} now frickin cat decides to trigger

[13:35] {nemo} after it invalidates of course

[13:35] {Threei} Short Setup: RIMM .65 break

[13:36] {Threei} hopefully if stays below .75, invalidation above .80

[13:37] {Threei} so far .75 held

[13:37] {Threei} your choice to keep stop above .75 or .80

[13:37] {Threei} both are valid

[13:39] {ilana} out RIMM +.15 thx Vad

[13:39] {Threei} welcome

[13:39] {Threei} too aggressive entry?

[13:39] {Threei} took

[13:41] {Threei} 1:1 for .75 stop

[13:42] {Threei} 1:1 for .80 stop

[13:42] {Threei} and more

[13:42] {Threei} me out

[13:42] {jmb} Thanks Vad

[13:42] {Threei} no frogs still

[13:42] {Threei} jmb :)

[13:42] {nemo} might hang up at .30 a little, but could drop to 62.75

[13:43] {ilana} was in.73

[13:47] {Threei} 4 minutes from qyestion to answer - you are frozen over there...

[13:48] {ilana} yeah almost :-)

[13:50] {Threei} new game

[13:50] {Threei} whack a banker

[13:50] {Threei} moles are replaced with heads and shoulders on bald men in suit and ties

[13:55] {magoo} AWIAV?

[13:55] {nemo} RIMM

[13:58] {Threei} no, I am out already

[13:58] {nemo} it never broke the 13 ma

[13:59] {larisa} :)

[13:59] {nemo} :)

[13:59] {nemo} getting close now

[14:01] {nemo} out now

[14:01] {nemo} watch...it'll drop from the 26 ma

[14:01] {larisa} vad does not need MAs, he has a kitty sitting on his shoulder telling him when to enter or exit.

[14:02] {larisa} no, time for bounce

[14:02] {nemo} Shhhhhh....I'm just being pessimistic...let me wallow

[14:02] {larisa} ok!

[14:02] {nemo} ty

[14:03] {Threei} Google Inc Reportedly Nexus One phone could be available for sale on Google's website as soon as January 5, 2010, possibly with T-Mobile contract

[14:03] {Threei} ***Reminder: On 12/13 the WSJ reported that Google plans to begin selling a cellphone directly to consumers, device to be made by HTC. The device could be launched as early as 2010. The phone will be called Nexus One.

[14:04] {nemo} wonder if Nextel will sue

[14:06] {nemo} RIMM break of .45?

[14:06] {nemo} long

[14:06] {Threei} nah

[14:06] {nemo} tyvm

[14:06] {nemo} amzn short, break of .60 stop .70?

[14:07] {larisa} nah

[14:07] {larisa} {just wanted to see how it feels to be vad}

[14:08] {Threei} and?

[14:08] {larisa} nah :)

[14:08] {nemo} pretty disgusting

[14:08] {Threei} sigh

06[14:08] * Threei slaps nemo around a bit with large magoo

[14:09] {larisa} lol

[14:09] {magoo} large????

[14:09] {Threei} I'll lave it to you to slap him with little magoo

[14:09] {nemo} oy

06[14:09] * Threei retreats to his mountain cave

[14:10] {nemo} you better

[14:10] {nemo} 1:1 amzn

[14:10] {Threei} notice magoo doesn't react... I assume rolling on the floor laughing

[14:13] {nemo} 1:2 amzn

[14:13] {nemo} 1:3

[14:13] {larisa} what was setup on AMZN nemo?

[14:14] {larisa} and froget 10 cents stop, it is impossible :)

[14:14] {larisa} forget

[14:14] {nemo} it just worked, so it's not impossible

[14:14] {nemo} break of .60

[14:14] {larisa} if you trade AMZn regularly, you know what I mean

[14:14] {larisa} high of prev bounce?

[14:14] {nemo} it's like women...gotta' catch it in the right mood

[14:15] {strider} uh-oh

06[14:15] * Threei grabs popcorn and takes a seat in a first row

06[14:15] * Threei hands larisa a baseball bat

[14:16] {ilana} lol

06[14:16] * Threei hands larisa an iron

06[14:16] * Threei hands larisa a large wet towel

[14:16] {Threei} you have your choice of weapon

[14:16] {larisa} I asked seriously, i wanted to know wha nemo saw in it

[14:16] {Threei} sheesh... what's with all the pacifism...

[14:18] {larisa} i am trying to work and learn here!

[14:19] {Threei} haha

[14:19] {Threei} oh, you are serious

[14:19] {Threei} sorry

[14:19] {Threei} yes of course

06[14:20] * Threei takes away from larisa baseball bat, iron and towel

[14:20] {nemo} by the way, it touched 1:4

06[14:21] * Threei hands larisa reading glasses, textbooks and blue stockings

[14:22] {nemo} 1:5

06[14:22] * nemo thinks about monastery

06[14:22] * nemo thinks, 'nah" Vad there

[14:23] {strider} Wife just reported: Xmas present from her Mum arrived ...box of little chocolate bottles, filled with Grand Marnier.

[14:23] {nemo} Where do you live?

[14:23] {Threei} enough to stay drunk through the New Year eve?

[14:23] {strider} Problem: how to extract liquor without getting the taste of chocolate?

[14:23] {nemo} Np

[14:23] {nemo} small drill bit and straws

[14:23] {Threei} syringe

[14:24] {strider} wife likes chocolate....I'll make her a deal.

[14:24] {strider} She gets all those bottles.

[14:24] {strider} I go buy bottle of Grand Marnier.

[14:24] {dino} out pot .75, +.50

[14:24] {dino} .51

[14:24] {Threei} I'd strongly suggest vodka

[14:24] {Threei} better effect per dollar

[14:24] {patience} nice dino

[14:25] {strider} well, I guess then I could just go straight for the Everclear.

[14:25] {nemo} 1:6

[14:25] {strider} shut up, nemo.

[14:25] {Threei} notice that RIMM is still there

[14:26] {nemo} send me the Grand Marnier and I'll think about it

[14:26] {nemo} yes, still there

[14:26] {Threei} magical power of NAH

[14:26] {nemo} guess what strider

[14:26] {dino} ty patience toughy

[14:26] {strider} your head just exploded?

[14:29] {nemo} 1:7

[14:29] {larisa} it is over 130 :)

[14:30] {nemo} my computer froze up, it hit .90 first

[14:30] {larisa} i will not give you 1:7.. 1:6 all you get

[14:30] {nemo} you don't have to amzn did...and that's all that counts

[14:30] {larisa} lol

[14:31] {larisa} still do not agree with 10 cents stop also.. get real :)

[14:31] {Les} strider: freeze chocolates, cut bottle necks off, drink liquer.

[14:31] {Les} AWIAV?

[14:31] {nemo} at the time it was valid

[14:31] {larisa} but good call.. sigh

06[14:31] * strider slaps nemo around a bit with a large STOP sign.

[14:31] {Les} who is getting 1:7?

[14:33] {larisa} lol

[14:34] {nemo} go back to your kid's homework

[14:35] {nemo} RIMM invalimudated

[14:35] {Les} no new excuse: family visiting. christmas holidays

[14:35] {Les} how was the morning?

[14:35] {Les} another doji day?

[14:37] {Threei} hmm?

[14:37] {Threei} we have frogless day

[14:37] {magoo} AWIAV?

[14:37] {Threei} no

[14:38] {Les} this is new. market breaking out? or selloff to come before close... http://up.widget.mibbit.com/up/W2Th9Cp2.png

[14:39] {nemo} break out

[14:39] {Les} that's gonna pee off the bears

[14:40] {Les} but GS underperforming...

[14:41] {strider} OSK

[14:42] {magoo} gs aapl are the tells

[14:42] {Threei} and RIMM is interestingly hovering just above lows

[14:42] {nemo} jmo, but if rimm loses this low, 62.74 is in the cards

[14:43] {nemo} CAT at highs

[14:44] {magoo} aig may try late day charge

[14:45] {larisa} "charge" is up or down ? between vads "flagellation

[14:45] {Threei} bankers on TV

[14:45] {larisa} and this

[14:46] {magoo} any fat cats on tv?

[14:46] {Threei} yup

[14:46] {Threei} two of them

[14:46] {Threei} briefly

[14:47] {Threei} OSK

[14:47] {Threei} Oshkosh Truck Corp Confirms GAO decision, believes the Army's FMTV award decision will be maintained

[14:47] {Threei} - Announced it was informed by the Government Accountability Office (GAO) of its decision regarding the protest of the Family of Medium Tactical Vehicles (FMTV) contract, awarded to Oshkosh on August 26. The majority of the protesters claims were denied, including challenges to the evaluation of the Oshkosh Corporation price.

[14:47] {Threei} - CEO: "It is important to realize that todays decision did not recommend proposal revisions nor did it recommend termination of our contract. We believe that when these narrow issues are reconsidered, the Armys decision to award Oshkosh Corporation the FMTV contract will be maintained."

[14:49] {magoo} is that a new statemt or u just bring it up agaoin

[14:50] {nemo} rimm getting increasing volume on price rise

[14:50] {magoo} i like it to bounce

[14:51] {Threei} no, just now

[14:56] {magoo} ty took it

[14:56] {magoo} out here ,47 + .57

[14:56] {Threei} wtg

[14:56] {Threei} RIMM

[14:57] {ilana} took .10 from .40

[14:57] {Threei} almost short-ready

[14:57] {nemo} yeah, breka of .25

[14:58] {magoo} ourt .89 rd 2 + .23

[14:58] {magoo} mojo

[14:58] {magoo} mojo lev 2

[14:58] {strider} NGD halted.

[14:58] {strider} new pending.

[15:01] {nemo} cat HOD volume spike

[15:04] {strider} snort on this bounce? RIMM

[15:04] {strider} short

[15:05] {Threei} feels right to me

[15:06] {Threei} with stop above .40

[15:06] {Threei} market is spiking

[15:09] {strider} out -.05

[15:09] {Threei} dunno, I am not convinced about closing rally

[15:13] {ilana} market doesn't let RIMM go down

[15:13] {Threei} pretty much

[15:14] {Threei} but RIMM wants down so badly, slightest blip by market and it will

[15:14] {Les} in .35

06[15:15] * Threei hits RIMM over the head with 2x4

[15:16] {nemo} gld made a bit of a comeback today

[15:16] {Threei} not really convincing on daily

[15:16] {nemo} no, but could be bottoming

[15:17] {Threei} too eaarly to tel,l but my bet is no

[15:17] {Threei} just a little bounce

06[15:20] * Threei hits RIMM over the head with 2x4 equipped with rusty nails

06[15:22] * Threei plugs the 2x4 in electric outlet

[15:22] {ilana} rusty nails should do it

06[15:22] * Threei hits RIMM over the head with electorcharged 2x4 equipped with rusty nails

06[15:26] * Threei adds some kicking with geavy duty army boots

[15:27] {Threei} covering half here

[15:29] {ilana} out +.10

[15:32] {Threei} no single frog in the whole pond today

[15:32] {nemo} and had that BULLfrog of an AMZN trade :)

[15:32] {Threei} that wasn't a fron, that was a whale of a princess

[15:32] {larisa} oh my

[15:33] {Threei} if I may say so

[15:33] {Threei} 1/4 more out RIMM

06[15:35] * Threei hits RIMM over the head with electorcharged 2x4 equipped with rusty nails, kicks it with heavy duty army boots and puts a garrotta over its neck

06[15:35] * nemo slaps lasertrev around a bit with a large trout

[15:35] {Threei} how non-inventive

[15:36] {lasertrev} ouch

06[15:36] * strider slaps Threei around a bit with a large invented trout.

[15:37] {Threei} hmm... I am yet to understand what it is

[15:37] {Threei} but OK

[15:37] {Threei} as long as RIMM drops

[15:39] {Threei} hmmm... did I angered it?

[15:39] {Threei} have

[15:40] {Threei} anyway, stop is just above .20 for the last 1/4

[15:42] {Threei} trailing to above .15

[15:43] {Threei} top of the last bounce

[15:43] {Threei} protecting against double bottom

[15:50] {Threei} done with RIMM

[15:52] {Threei} 6 for 6?

[15:52] {Threei} and nemo's whale as 7th

[15:52] {nemo} no pun intended Vad? I gotta' go guys...c u 2mo-row row row your boat gently down the stream

[15:53] {Threei} oh boy

[15:53] {Threei} barely over the noon and he is already drunk

[15:53] {larisa} bye nemo

[15:53] {nemo} it's 4:00 pm here...

[15:53] {nemo} bye

[15:54] {Threei} and I have to p;ick the color for my next car today

[15:54] {larisa} NTRI kep climbing all day

[15:54] {larisa} +t

[15:54] {Threei} yeah, it looked like it had this potential

[15:54] {Threei} but not a stock I am confortbale holding

[15:54] {larisa} yes

[15:54] {dino} darn ebix, 2 bucks higher

[15:58] {Threei} okay guys, thank you all

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {dino} cya

[15:59] {larisa} bye all

[16:00] {fernp} nice day here too. good evening everybody. see u tomorrow

[16:00] {dino} gj

Dec 11 2009

Quite empty day again - started with a few stops, then nice fat long on CAT almost fixed the day. It doesn't change the fact that this week was mostly miserable, with just one really good winning day. Gaps resolved in tight range for the day with not much to trade. There was interesting educational discussion about traders' development at the very end of the day though - read it if nothing else.

Session Time: Fri Dec 11 00:00:00 2009

[08:09] {Les} AKNS in play. selling solar kits at Lowe's in California. Could be big break. blah blah blah. did we see this stock rocket yesterday?

[08:09] {Les} GM :)

[08:09] {Threei} morning

[08:09] {Threei} yesterday's news

[08:10] {Les} yeh I remember vaguely seeing yesterdays pattern

[08:11] {Threei} 09:31] {Alert} Threei AKNS

[08:11] {Threei} [09:31] {Alert} Threei Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels

[08:11] {Threei} [09:31] {Alert} 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.

[08:11] {Threei} [09:35] {Alert} Threei Long Setup: AKNS .70 if stays above .60

[08:11] {Les} there it is. I was looking for something on the log but couldn't see it

[08:12] {Les} your description of yesterday's trading on the log is perfect vad

[08:12] {Les} I look at how many trades I made squeezing blood from stone

[08:12] {Threei} ty

[08:12] {Les} ay ay ay

[08:12] {Les} may I ask

[08:13] {Les} how many trades you made yesterday?

[08:13] {Threei} 5

[08:13] {Les} hmmm

[08:13] {Les} this is something I must correct in my trading

[08:15] {Les} I note from my diary. volatility resulting in stops at opening of session digging big hole for me that cannot be filled during rest of session.

[08:28] {Threei} (EU) EU's Juncker: Tobin tax will remain on international agenda

[08:28] {Threei} - Tobin tax only in the EU would harm EU banks

[08:28] {Threei} - Confident that Greece will take the necessary steps on the fiscal front

[08:28] {Threei} (US) Rochdale's Dick Bove: Although the financial regulatory overhaul bill will likely pass the House, the Senate will not likely pass the measure for "many months"

[08:28] {Threei} - Note that Senator Kanjorski told CNBC this morning that he hopes to have the President Obama's signature on a completed financial regulatory overhaul bill "by Easter"

[08:30] {Threei} US) NOV IMPORT PRICE INDEX M/M: 1.7% V 1.2%E; Y/Y: 3.7% V 2.9%E

[08:30] {Threei} *(US) NOV ADVANCE RETAIL SALES: 1.3% V 0.6%E; EX AUTOS: 1.2% V 0.4%E

[08:30] {Threei} - Retail Sales Ex Auto&Gas: 0.6% v 0.2%e

[08:51] {fernp} Good morning everybody

[08:51] {Threei} fern :)

[08:51] {strider} morning fern, vad.

[08:51] {Threei} strider :)

[08:52] {Threei} PIMCO's El Erian: Retail sales numbers were good news, but remains to be seen how sustainable this demand will be

[08:52] {Threei} - Must ask how sustainable retail sales gains will be as the govt withdraws support for markets

[09:01] {strider} DEER looks interesting.

[09:01] {strider} Secondary priced below current price

[09:01] {nemo} been following that one

06[09:08] * nemo slaps strider around a bit with a large goat

[09:08] {ese} morning

06[09:08] * nemo slaps ese around a bit with a large zildjian crash

[09:09] {strider} Well, but see.....now, I got your goat.

[09:09] {Threei} ese :)

[09:09] {nemo} nice one strider...I've got more

[09:12] {ese} tks for your help last night vad

[09:12] {Threei} no problem

[09:12] {ese} you might as well be a giging musician......your working as long as i do

[09:13] {ese} dude...

[09:13] {nemo} yo

[09:13] {Threei} to prevent this kind of errors, try copy/paste instead of retyping

[09:16] {larisa} gm all

[09:16] {Threei} larisa :)

[09:16] {nemo} lari

[09:16] {larisa} :)

[09:17] {ese} laris

[09:17] {nemo} got a present for you strider

[09:17] {strider} morning larisa

06[09:17] * nemo slaps strider around a bit with a large badger

[09:17] {nemo} you can keep him

[09:17] {nemo} :)

[09:17] {larisa} vad, nemo, ese, strider :)

[09:18] {ese} I've actually bought another new computer yesterday vad....totally dedicated to trading.....it has no email on it

[09:18] {strider} Idn'

[09:18] {dino} gm all

[09:18] {strider} Isn't there some rule against badgering newbies?

[09:18] {Threei} dino :)

[09:18] {ese} dino

[09:19] {nemo} strider...gotta' hand it to you...and "no"

[09:19] {dino} es, i did the same thing in august, just trading on it

[09:21] {ese} ya......all communication , documents/recording/composition/ trading was being done on it and the process was not working....

[09:21] {ese} had to do something

[09:21] {Les} It's Friday I see from the comic outpouring of Nemo before markets are even open

[09:21] {Les} :D

[09:22] {dino} running 3 systems, one for this room and email, 2nd for news sites and radio, 3rd for cyber

[09:22] {ese} besides that i'm trying to match vads setup.......he takes up an entire wall........keep up with the jones's thing eh

[09:23] {dino} when vision goes, i suppose

[09:24] {strider} how many monitors you got, dino?

[09:24] {dino} 3

[09:24] {ese} same 3

[09:24] {strider} Oh...from your description, I envisioned at least a dozen.:)

[09:26] {larisa} Monitors can be very different size, from 17 to 30- 40 inches :)

[09:26] {dino} well, cyber has 7 windows opens at once

[09:26] {dino} 17's

[09:26] {larisa} :)

[09:27] {dino} ;)

[09:27] {ese} vad anything on your radar this morning

[09:27] {strider} You have one that looks like a drive in move, larisa?

[09:27] {Threei} aside of usuals, looking at HIG

[09:28] {larisa} I have two 24", enough for me

[09:28] {ese} news?

[09:29] {Threei} no

[09:30] {Threei} RIMM sharp drop

[09:30] {Threei} and bounce, just as sharp

[09:30] {Threei} no way to catch

[09:31] {Threei} what's with IMAX

[09:31] {Les} watching FCX as it approaches 79.

[09:31] {Threei} RIMM again

[09:32] {Threei} 66 break long

[09:32] {Threei} sigh

[09:32] {strider} what time zone are you in:)

[09:32] {strider} again??

[09:32] {Threei} yes

[09:33] {Threei} if holding .90

[09:33] {Threei} not holding, let it drop more

[09:33] {lasertrev} gm

[09:34] {Threei} trev

[09:34] {nemo} it's bouncing of 200 ma

[09:34] {Threei} HIG is holding well so far

[09:35] {Threei} Long Setup: HIG .25 break

[09:35] {Threei} stop under .15

[09:36] {Threei} most likely more than a scalp

[09:37] {Threei} Long Setup: RIMM on pullback under .70

[09:37] {Threei} yeah right

[09:38] {Threei} darn thing just won't let anyone in

[09:39] {Threei} Preview: Dec Preliminary University of Michigan Confidence due out at 9:55amET

[09:39] {Threei} **consensus expectation: 68.8e v 67.4 prior

[09:39] {Threei} - estimates range between 66-74

[09:42] {nemo} hey strider, look at deer, it's at resistance

[09:43] {Threei} Long Setup: RIMM .80 break

[09:44] {Threei} half lot

[09:44] {Threei} stop under .60

[09:44] {Les} fcx

[09:45] {Threei} Preview: Oct Business Inventories due out at 10amET

[09:45] {Threei} **consensus expectation: -0.2%e v -0.4% prior

[09:45] {Threei} - estimates range between -0.7% to +0.4%

[09:46] {dino} apol hl l .20 ave

[09:47] {Threei} no go HIG

[09:47] {Threei} RIMM invalidated

[09:50] {Les} DE

[09:53] {Les} fcx

[09:53] {Threei} Long Setup: GLD .07 break

[09:53] {Threei} stop .95

[09:53] {dino} $ at highs

[09:55] {Threei} US) DEC PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.4 V 68.8E

[09:55] {strider} GLD stoppedd?

[09:55] {Threei} it hit 1:1

[09:56] {Threei} missed FCX entry...

[09:57] {Threei} was hunting for 78 break but it danced around too much

[09:57] {Les} need more real estate to jump from one call to another. lost fcx entry as well

[09:59] {dino} i'll sell you some

[09:59] {Les} you lincenced?

[10:00] {Les} licenced

[10:00] {nemo} licensed

[10:00] {Threei} *OCT BUSINESS INVENTORIES: +0.2% V -0.2%E

[10:00] {Threei} - prior revised from -0.4% to -0.5% (related SPY SHY EUR/USD )

[10:00] {dino} speculator, plenty of onventory

[10:00] {nemo} liecensed

[10:00] {dino} inventory

[10:00] {nemo} lice ensed

[10:01] {Threei} Long Setup: RIMM .50 break

[10:01] {Threei} if stays above .35

[10:03] {dino} rino hl l .55

[10:03] {dino} trgt blood

[10:05] {dino} fsys blood continues

[10:06] {Les} another stop. time out time.

[10:07] {dino} rino stopped -.30

[10:08] {Threei} sheesh... this time it's GLD short at 110 break that occured faster than setup shaped up

[10:08] {larisa} things are hysterical today

[10:08] {Threei} nervous jumps today everywhere

[10:09] {dino} agree

[10:10] {nemo} whoa, next support for RIMM is 63.95

[10:11] {nemo} .42 pivot support

[10:11] {nemo} little luck, maybe rally to 65.10 and short

[10:13] {dino} trgt 20 strike

[10:13] {Threei} SEED takeover rumors... as always

[10:13] {dino} nemo again

[10:14] {nemo} what I do

[10:14] {dino} out apol .44, +.24

[10:14] {dino} rumors

[10:14] {nemo} ooohhhhhhhh

[10:15] {fernp} WMT if breaks 55, Vad?

[10:15] {Threei} chart looks fantastic

[10:16] {fernp} stop under .90, no?

[10:16] {Threei} or .85

[10:16] {dino} trgt hl l ave .15

[10:17] {nemo} wmt looks short to me

[10:17] {dino} rino clicks 25s strike area.

[10:17] {dino} mind the 5s and 0s

[10:17] {nemo} then again I am short, so I could be biased

[10:18] {nemo} look at abx

[10:19] {fernp} COST also interesting 59.30 break

[10:22] {dino} .

[10:23] {nemo} ?

[10:24] {dino} trgt stop to .40, pins and needles

[10:24] {nemo} mon

[10:24] {nemo} sorry

[10:26] {dino} rino tricked me

[10:26] {dino} giddy-up gut says

[10:26] {Threei} mine too

[10:26] {Threei} but it already fooled me today

[10:27] {dino} cosmo cramer too

[10:27] {fernp} MS lod

[10:28] {dino} warrants issues

[10:29] {dino} to .60 trgt

[10:29] {Threei} FDIC's Bair: Concerned some financial institutions are 'over leveraged' in the derivatives markets - Q&A (related XLF IXG )

[10:29] {dino} shocking

[10:29] {dino} trgt to .65

[10:32] {dino} out .64, +.49 trgt

[10:34] {fernp} gj dino

[10:34] {nemo} fcx at trend resistance

[10:36] {dino} ty

[10:41] {Moose} gm all

[10:41] {Threei} moose :)

[10:41] {nemo} thought you got whacked by a hunter

[10:41] {Moose} lol

[10:42] {dino} darn rino

[10:42] {Moose} DEER got whacked however

[10:42] {nemo} Republicans In Name Only?

[10:43] {nemo} Maybe...hoping to get out more during muzzleloader season

[10:43] {Moose} DEER like -22.4 %

[10:43] {dino} offering priced lower

[10:43] {nemo} whaddya think about cat short Vad?

[10:44] {Threei} it's uncharacteristically narrow today

[10:44] {Threei} don't see anything indicative on it

[10:45] {fernp} MS breaking 30

[10:45] {larisa} 20 letter word and he even spelled it correctly. vad is under stress :)

[10:45] {Threei} vov

[10:45] {Threei} there... two mistakes in 3 letter word

[10:46] {Threei} I am vindicated

[10:46] {larisa} does not count

[10:46] {nemo} 4 syllables vad

[10:46] {Moose} so what now?

[10:47] {Moose} what we looking at today?

[10:47] {nemo} stocks

[10:47] {Moose} :O

[10:47] {Threei} magoo - porno sites

[10:47] {nemo} Vad-inside of eyelids

[10:47] {Moose} hehe

[10:48] {Threei} I need to paint something on those

[10:49] {dino} magoo's hunting

[10:49] {Threei} on porno sites??

[10:49] {Threei} who is hunting down over there

[10:49] {dino} fsys lod

[10:50] {Les} CAT

[10:51] {nemo} still in a triangle les

[10:51] {Les} where is b/o point for you

[10:51] {nemo} .22 on volume

[10:51] {nemo} there it goes, but no volume

[10:52] {Les} .30 no?

[10:52] {Les} was thinking .30

[10:52] {nemo} tops of the candles going back to about 10:00

[10:52] {larisa} .31 bulllish res

[10:52] {strider} Still think WMT, vad?

[10:53] {Threei} I like the daily for this breeak

[10:53] {nemo} .27 R1

[10:53] {larisa} pick yours :)

[10:54] {nemo} huh?

[10:54] {larisa} les you should have your favorite levels, numbers and strategy :)

[10:54] {nemo} oh

[10:55] {nemo} .30 break looking better les

[10:55] {nemo} volume increased into the level

[10:56] {Les} in

[10:56] {nemo} where's your stop?

[10:57] {fernp} What is your stop Les? under .10 or under 57?

[10:57] {fernp} oooops!

[10:57] {nemo} nice fern

[10:57] {dino} pru hl l .25

[10:57] {Les} .20 tight stop. lossed enough already today

[10:57] {larisa} 57.10 support in my book

06[10:57] * nemo slaps fernp around a bit with a large bowl of paella

[10:57] {Les} lost

[10:57] {fernp} i like it

06[10:58] * nemo slaps fernp around a bit with a large pitcher of sangria

[10:58] {fernp} i like it more

[10:58] {nemo} thought you might :)

[10:59] {larisa} best ever ever ever pina colada I had in Cancun airport restaurant. who would think :)

[10:59] {dino} sfsf

[10:59] {nemo} translate Dino

[10:59] {dino} stock symbo;

[10:59] {dino} l

[10:59] {nemo} oh

[11:00] {nemo} break of .80?

[11:00] {dino} yes

[11:00] {nemo} not as dumb as I look

[11:02] {nemo} rimm near lod

[11:02] {dino} fsys more down, wow

[11:02] {Moose} AA strong today

[11:04] {strider} drop XRT retail

[11:04] {Les} stopped out CAT. vexing

[11:04] {Les} retest of support? lower volume on pullback?

[11:05] {dino} azz

[11:05] {dino} $ drop

[11:05] {nemo} what's amazing is how strong the $ AND the market

[11:06] {Threei} told you they'll decouple

[11:07] {Threei} AZZ Davidson Cuts AZZ to Underperform from Neutral (timing uncertain)

[11:10] {Threei} (US) House votes against amendment to financial reform bill on Sarbanes-Oxley audit rules

[11:10] {dino} sfsf hl l .81

[11:10] {patience} .

[11:10] {Les} what was amendment?

[11:11] {Les} fcx might be ready for a b/d?

[11:11] {fernp} I don't understand your stop Les, If you stop was .20 then CAT hit your 1:1

[11:11] {nemo} that makes two of you fern

[11:12] {strider} your stop below .60 dino, SFSF

[11:12] {Les} .40 was previous high of day. .39 was highest this time

[11:12] {Threei} FCX, probably yes

[11:12] {Threei} .25 break

[11:13] {Les} missed 1:1 by 1 cent. I have in past sold in such situations. greed got in way today.

[11:15] {fernp} ah!, now i understand it :-)

[11:15] {nemo} Comprende Vd.?

[11:16] {fernp} perfectamente

[11:16] {dino} .57

[11:16] {dino} titn

[11:17] {nemo} did you take sfsf

[11:17] {Threei} DNDN Hearing Brean Murray raising Price Target to $40 from $35 (timing uncertain)

[11:17] {Threei} - reiterates Buy rating (25.10, -0.55, -2.14%)

[11:17] {Threei} not much reaction

[11:17] {Threei} they better come up with takeover rumors

[11:18] {dino} yes nemo .81 in sfsf

[11:18] {dino} stop was .57, now b/e

[11:18] {dino} next pop to .04

[11:19] {nemo} think it might be good to .20 or so

[11:19] {dino} wny not

[11:19] {dino} why

[11:19] {dino} it's the old bartended theory

[11:19] {Les} fcx b/d

[11:19] {dino} r

[11:19] {nemo} about 1/2 way back, and runs into the 200 ma

[11:20] {strider} was there news on sfsf?

[11:20] {dino} nope

[11:20] {dino} mkt drop

[11:20] {dino} stop to .99

[11:21] {Threei} feel free to cover FCX

[11:22] {Threei} a bit too sharp drop

[11:22] {Les} thanks, did so

[11:22] {Les} out +.36

[11:23] {dino} sfsf to .04

[11:24] {dino} to .09

[11:24] {dino} out reverse, +.10, +.29

[11:25] {strider} reverse means yo went short?????

[11:26] {dino} no, reverse slip on the stop

[11:26] {dino} was at .09, stopped .10

[11:27] {strider} OK..I guess:)

[11:27] {dino} stops slip, thats what happened

[11:27] {strider} Oh.. ok..gotcha. thx.

[11:30] {dino} crazy feeling fsys goes to 40ish for strike

[11:31] {Threei} US Treasury Pay Czar Feinberg releases pay guidelines; BAC no longer part of evaluation; AIG found to have certain 'critical employee's

[11:31] {strider} short FCX again?

[11:32] {strider} never mind.

[11:32] {nemo} that volume spike means make sure this isn't a double bottom

[11:33] {Threei} Pay rules include 450 executives at AIG, Citi, GM and GMAC

[11:33] {Threei} - places threshold of 45% of total compensation in cash; cash salaries limited for all executives at $500K; with exception of 12

[11:33] {Threei} - finds certain AIG employees critical, and that a restructuring of contracts was not in the public interest

[11:33] {Threei} - rules eliminate tax 'gross ups' for tier 2 executives

[11:36] {dino} grmn

[11:37] {ese} ese is still here.......trying to make the new computor and trading setup work......

[11:37] {Threei} let's see if it's double bottom or breakdown on FCX

[11:37] {Threei} for DB, ideally:

[11:37] {Threei} couple moves between .50 and some resistance

[11:37] {Threei} then break

[11:37] {Threei} if pulls back from here, .65 will serve as such

[11:38] {Threei} ok

[11:38] {Threei} Long Setup: FCX .65 break if holding .50

[11:38] {Threei} Short Setup: FCX .50 break if stays under .65

[11:39] {fernp} missed, too fast

[11:40] {strider} in .66

[11:42] {Threei} it hit 1:1 practically after the break... I'd be careful with secondary entry in such case

[11:43] {strider} I don't think I'm fast enough to manage stuff like that.

[11:43] {Threei} FCX is a very fast stock

[11:43] {strider} All I can do is trade what is called.

[11:44] {fernp} this one would have been good for me I always offer my shares one cent below the round number

[11:44] {nemo} cat important level

[11:44] {fernp} i don like offer at .70 .80 .90 i prefer .69 .79 .89...

[11:46] {ese} question........ how do you resize a mac window when you can't get at the bottom right of it with the cursor

[11:48] {fernp} at 10:17 i shorted MS, one hour and half later I have my 1:1 . is terrible how this market moves

[11:49] {nemo} not to excrete on your clambake,,,no...it's how we play it. I'm so out of it today, but I've seen plenty on the charts. It's never the market's fault

[11:52] {Les} but I noticed with FCX, last big $ move, it cratered. looking to see if repeat performance today

[11:53] {dino} fsys hgl l .00

[11:54] {dino} trit

[11:54] {Threei} market looks ready to reverse

[11:57] {Threei} Long Setup: WFC .20 break

[11:59] {fernp} LOW 23.56, Vad?

[12:00] {Threei} looks right to me

[12:00] {fernp} .45 stop, no?

[12:00] {Threei} yes

[12:01] {dino} titn hl l .00

[12:01] {fernp} ty

[12:01] {dino} sfsf nemo was right

[12:02] {ilana} what's your stop on FSYS, dino?

[12:02] {dino} .69

[12:03] {nemo} and a fine stop it is

[12:03] {dino} we shall see

06[12:03] * nemo wonders where that came from

[12:03] {dino} how about trit?

[12:04] {nemo} outta' broken clock moments today

[12:04] {nemo} 22.20 or 21.82

[12:04] {Threei} market stalled big time, and pace dropped to turtle-like

[12:05] {dino} bit wide

[12:05] {Threei} this is a good moment for reversal,

[12:05] {Threei} if that transpires it can be violent

[12:05] {nemo} sorry looking at another chart

[12:06] {Threei} CAT is long candidate for market reversal

[12:06] {Threei} .90 trigger

[12:06] {dino} fsys stopped -.31

[12:08] {nemo} oh, I see it bottomed around 22.20...I'd keep that stop and 23.00 first stop if it get's through that, would probably be around 23.20 by the time it gets there

[12:10] {nemo} where you in Dino?

[12:10] {Threei} CAT hit 1:1

[12:10] {Threei} or 1 cent shy?

[12:11] {Les} 1 cent shy

[12:12] {Les} uh no. 1 trade settled at 57.

[12:12] {strider} not on my chart.

[12:12] {Les} t&s

[12:13] {Les} obviously not important enough for folks here to get filled

[12:13] {Les} and again

[12:14] {Threei} RIMM is bottomless today

[12:16] {Threei} half out CAT .03

[12:16] {Threei} scalpers know what to do

[12:17] {Les} I'll take 5 cents for CAT at lunchtime.

[12:17] {Threei} offering 1/4 more .11

[12:19] {fernp} missed CAT. I didn't see market reversing :-(

[12:20] {Threei} GRMN

[12:20] {Threei} Garmin Ltd Ticks lower on cautious report from Citron Research

[12:20] {Threei} - Citron notes that with navigation functionality rapidly moving to smartphones Garmin's pool of competitors is increasing which is driving down pricing for its products. Citron believes navigation is becoming "just another app" with a price point that is moving towards free.

[12:21] {Threei} out 1/4 CAT

[12:22] {Threei} stop to under 57

[12:24] {Les} MS

[12:26] {lasertrev} strider pm

[12:26] {Les} whack a mole on bank stocks today. WFC

[12:26] {Threei} stop to under .10

[12:27] {strider} Dino, where's your stop TITN?

[12:29] {Les} looking at FCX short again Vad. You still see market reversal? looks like stall now

[12:29] {dino} .69

[12:30] {strider} thx

[12:32] {Threei} I don't know how to answer that les

[12:32] {dino} thing is dead

[12:32] {Threei} stall now - sure

[12:32] {Threei} it's right in front of us

[12:33] {Threei} what happens next - it's a matter of working scenarios

[12:33] {Les} ok. shorted .23 but looks like trap

[12:33] {Threei} mine is bounce, I watch for according setups, and take according p;ositions

[12:33] {nemo} Qs break .10 gets interesting

[12:33] {Threei} whether it gets confirmed or not - up to trading gods

[12:34] {nemo} should we sacrifice Les?

[12:34] {Threei} we need chicken entrails, and finest cheeses

[12:34] {Les} I'll offer my liver as sacrifice. getting thoroughly pickled with good white wine

[12:34] {nemo} You like Stilton

[12:34] {Threei} being from where he is Les may help with cheeses

[12:34] {nemo} yep

[12:34] {Les} no stilton here mate

[12:35] {nemo} no...England

[12:35] {dino} i like cheese

[12:35] {Threei} CAT 1:3

[12:35] {Les} nemo, you made reference to swiss cheese once

[12:35] {Threei} trailing more aggressively now, to .14

[12:35] {Threei} to .18

[12:35] {Les} the holey cheese you are refering to comes from small village called Emental.

[12:37] {Threei} to .19

[12:37] {Threei} and offering above .30

[12:37] {Les} sorry, Emmental.

[12:38] {nemo} emmen valley

[12:38] {dino} just ate turkey & swiss sandwich

[12:38] {Les} but emmental is crap IMO

[12:38] {Les} switzerland has divine produce

[12:38] {Threei} so, we need chicken entrails, finest wines and cheeses, and virgnins

[12:38] {Threei} sacrificial set

[12:39] {Threei} kit

[12:39] {dino} perhaps virgin olive oil will do

[12:39] {nemo} extra virgin

[12:39] {nemo} I got swords

[12:40] {Threei} here her kitty kitty kitty

[12:40] {Les} I have winner of international olive oil competition in Los Angeles 2008. Appellation Tuscany

[12:41] {Les} grapes from Tuscanny

[12:41] {Les} most oil take their grapes from Mediterranean countries

[12:41] {Les} virgin or not

[12:41] {Les} olives from tuscanny, excuse me

[12:41] {Threei} out .29

[12:42] {Threei} +.38

[12:42] {lasertrev} strider pm

[12:42] {Les} Nice trade Vad. how did you know CAT was going to behave like that?

[12:42] {Threei} finally decent trade

[12:42] {Les} I've become scared of lunchtime trades

[12:42] {dino} gj

[12:42] {Threei} I didn't KNOW...

[12:42] {Les} ok ok

[12:42] {Threei} my scenario was for reversal, and CAT started breaking the donwtrend bedore market did

[12:43] {Threei} so it was my #1 candidate

[12:43] {dino} crack me up les, you remind me of magoo with the "know" comments

[12:43] {Threei} milked this one to the extreme

[12:43] {Threei} erazed stops

[12:43] {Threei} erased too

[12:44] {Les} ok. CAT was ahead of market. so stocks can potentially indicate their intentions

[12:44] {Les} or possibilities

[12:44] {Threei} sure

[12:44] {ilana} out FSYS .24

[12:44] {Threei} such diveregences is one of the powerful tools

[12:44] {ilana} wheew, that was scary...

[12:45] {Threei} brave girl eh

[12:45] {ilana} damn, dino :-)

[12:45] {dino} gj

[12:48] {Les} that's ok dino, prefer to be geek than Nemo's sidekick. ;)

[12:50] {dino} lol

[12:50] {dino} old argument, everyday he says "i knew it would do that"

[12:50] {dino} i say how?

[12:52] {fernp} ok guys, two or three weeks like this and i will need to sell my BMW to eat. Very bad week here. Have a nice weekend all and see you on monday with energy renewed

[12:52] {Threei} yake care fern

[12:52] {dino} cya fern, clear your head

[12:52] {Threei} wow CAT

[12:52] {dino} don't forget rule #1\

[12:53] {strider} take care, fern.

[12:53] {Les} bon keekend

[12:53] {Les} weekend

[12:54] {Threei} fern of course never admitted that he bought that BMW after three weeks of trading before this one

[12:54] {lasertrev} strider pm

[12:55] {ese} l stld .18

[12:55] {larisa} [12:50] {dino} i say how?

[12:55] {Threei} my reversal in progress

[12:55] {larisa} what he answers?

[12:57] {Threei} Long Setup: FCX .55 break half lot

[12:57] {Threei} if stays above .40

[12:59] {Threei} Long Setup: GLD .70

[12:59] {Threei} if stays bove .60

[13:04] {Threei} both are invalidated

[13:11] {Les} rising wedge gld

[13:12] {Les} ascending wedge

[13:18] {Threei} Reportedly US House rejects "cramdown" amendment of financial reform bill

[13:18] {Threei} - amendment sought to give bankruptcy judges the power to alter mortgage terms for distressed homeowners.

[13:18] {Threei} - the vote was 2431-188 against the amendment.

[13:19] {dino} good

[13:20] {dino} contracts should be respected

[13:20] {Threei} MEND?

[13:21] {dino} no news

[13:21] {Threei} nothing here either

[13:25] {Threei} UAUA... whole day strength

[13:37] {Threei} let me reiterate: wow CAT

[13:37] {Threei} that was buy and hold all of a sudden

[13:40] {strider} dino...I hope you don't have the same effect on women that you do on stocks.

[13:40] {strider} go limp.

[13:40] {strider} the women, I mean.

[13:41] {Threei} how is it bad?

[13:41] {Threei} wait.... don't answer that

[13:41] {dino} no complaints ever received

[13:41] {strider} ah, you're an old school type,, vad.

[13:41] {strider} yeah,, dino, I said that wrong. :)

[13:41] {strider} but, back to the stocks.....

[13:42] {strider} are you feeding them valium?

[13:45] {Threei} wine is his date drug of choice

[13:47] {dino} more of a beer guy, but occasional glass ir two of wine

[13:48] {larisa} lol

[13:48] {Threei} I didn't mean for you

[13:48] {dino} crack you up, last night i drank a couple schlitz's, they have gone back to the 60's recipe

[13:48] {strider} dino's dates may be BYOB

[13:50] {Les} FCX short on .65 trigger?

[13:50] {nemo} abx short .59

[13:50] {Threei} I don't see it les

[13:50] {Les} k

[13:54] {nemo} rimm at support under .53

[13:54] {dino} stop titn, -.10\

[13:55] {dino} tired of it

[13:55] {Threei} looking to short it nemo?

[13:55] {nemo} yeah

[13:55] {Threei} .50 with stop above .60?

[13:55] {nemo} yeah support is .53

[13:56] {Threei} 13:52 touched on .51

[13:56] {nemo} yeah, just for a second, must have been an idiot like me getting stopped out of his short

[13:56] {nemo} not that I was short

[13:56] {nemo} well I am short, but...nevermind

[13:57] {Threei} invalidated anyway

[13:57] {nemo} well,,yep

[13:57] {Threei} and .60 was actually nice long trigger

[13:57] {nemo} guess it confirms the support area

[14:01] {nemo} abx still valid

[14:03] {nemo} although, break above .66 on volume is a long

[14:03] {nemo} imo

[14:04] {Les} time to relax. wishing everyone an enjoyable weekend. ciao

[14:05] {nemo} watch the door Les

[14:05] {Threei} take care les, have a good one

[14:06] {dino} cya les

[14:07] {larisa} bye les

[14:10] {strider} are you long abx, nemo?

[14:11] {nemo} no, it didn't move with the indices

[14:11] {nemo} I'm not sure where it's going

[14:11] {Threei} I'd be looking to short it on breakdown if it stays here

[14:12] {nemo} yes, tck hasn't moved, neither has fcx

[14:13] {ilana} RIMM possible b/o?

[14:13] {ilana} volume is not right though

[14:13] {nemo} see thee C&H on Qs?

[14:14] {ilana} on 5 min shart

[14:14] {ilana} chart

[14:14] {ilana} so

[14:14] {nemo} 1 minute also, tad warped but at resistance

[14:19] {nemo} frickin Mexican standoff here

[14:19] {nemo} cat tempting short .54 with weakening market

[14:20] {nemo} Dino....isn't about time for the PPT?

[14:21] {ilana} out RIMM +.11

06[14:21] * Threei slaps nemo around a bit with a large volume of Legends and Myths of Ancient Greece

06[14:23] * nemo slaps Threei around a bit with a large head of Medusa

[14:24] {ilana} wow, nemo are you ok?

[14:24] {nemo} Better than a sharp stick in the eye, huh Vad :)

[14:25] {nemo} Mentally or physically Ilana?

[14:25] {Threei} I can't answer with any worthy slap, finger on ABX trigger

[14:25] {ilana} both, after all these slapping

[14:25] {dino} nemo, no ppt only after huge down days, we are stuck 1080-1111 for about 15 days

[14:25] {ilana} short?

[14:25] {ilana} abx

[14:25] {strider} short ABX at. 58?

[14:26] {nemo} yeah, but they can help push the rally and piss off the bears

[14:26] {nemo} that's what I'm thinkin strier

[14:26] {nemo} also cat at .54

[14:27] {nemo} well, I'm not going to be able to partake, I have to leave soon, so these should end up being monsters

[14:27] {strider} will you take the cat trade, vad?

[14:28] {Threei} no

[14:28] {Threei} unless market starts dropping like crazy

[14:28] {strider} dino, you still in STLD?

[14:28] {nemo} could be a long brak of .60 also if volume picks up

[14:29] {dino} fsys

[14:29] {dino} never had stld, ese i think

[14:30] {strider} thx

[14:30] {dino} np

[14:30] {dino} still in pru thats all

[14:30] {Threei} (US) House passes financial regulatory overhaul bill, as expected; House approves removal of Fed sheild from interest rate audits

[14:30] {Threei} - Bill would establish the Consumer Financial Protection Agency

[14:30] {Threei} - Tightens rules for derivatives trading.

[14:30] {Threei} - US Senate is not expected to address the bill until next year.

[14:31] {nemo} well I gotta' go, have a nice weekend all

[14:31] {larisa} bye nemo

[14:31] {ilana} bye nemo

[14:31] {dino} cya nemo

[14:33] {strider} vad, stop for ABX?

[14:33] {Threei} above .70

[14:33] {Threei} there is less sound resistance at .65, for extreme scalpers it can be used for a scalp type I

[14:37] {ilana} FCX

[14:37] {dino} out pru .52, +.27 hours

[14:41] {Threei} CAT reacted on market

[14:42] {Threei} nemo will be crying

[14:42] {ilana} i do too, out .54

[14:43] {strider} abx ain't falling

[14:43] {ilana} should go long now CAT?

[14:43] {ilana} oops

[14:47] {ilana} ABX db .65 break?

[14:47] {Threei} nah

[14:47] {Threei} I don't se market as bullish from here

[14:48] {strider} are you short abx, vad?

[14:48] {Threei} not anymore

[14:48] {Threei} took big lot, vored half at 1:1 and got stopped on second half

[14:48] {Threei} scalp type I for the first half

[14:49] {Threei} vored?

[14:49] {Threei} covered

[14:54] {dino} trit ave .40 hl l

[14:59] {Threei} (US) Senate Majority Leader Reid: Chinese currency is one of the world's most serious economic problems (related USD/CNY )

[14:59] {Threei} there

[15:00] {Threei} it's all china's fault

[15:01] {dino} i worry on that one. be careful for what you wish

[15:02] {Threei} yeah... it looks more and more like situation into which you better don't get, but once you did - there is just no good solution

[15:22] {Raven} better don't get ...

[15:23] {Threei} did I wake you up?

[15:23] {Threei} sorry... didn't mean to

[15:23] {Raven} sort of

[15:23] {Threei} it's nemo's fault

[15:23] {Raven} nemo MIA

[15:24] {Threei} that;s why it's his fault

[15:24] {Threei} he can't defend himself

[15:24] {Raven} I know ... and cosmo's too

[15:24] {Threei} oh yeah

[15:24] {Threei} when is traveller back?

[15:24] {Raven} soon

[15:28] {Threei} I think it's safe to say that remaining 35 minutes will not fix what seems to be the worst week of the second half of the year

[15:29] {Raven} even the weather was lousy

[15:29] {Threei} lol, true

[15:29] {dino} zzzzzzzzzzzzzzzzz

[15:30] {Threei} more or less decent monday, losing tuesday, nice wed, losing thursday, barely even to slightly negative today

[15:30] {dino} cold here, 10 degrees f this a.m.

[15:30] {Threei} and only thanks to that CAT trade

[15:31] {dino} question, is everybody trading from their homes?

[15:31] {patience} my keyboard say ye

[15:31] {patience} s

[15:31] {Raven} same here dino with a foot of snow

[15:31] {dino} 7" snow here

[15:31] {Threei} I used to have downtown office first years

[15:32] {Threei} happily dumped it and moved home

[15:32] {dino} i can understand that

[15:32] {dino} i have tenant on 1st floor, covers expenses

[15:33] {Raven} but you are overhead then

[15:33] {dino} yes, sometimes tho, i think when r.e. prices come back, i could sell and trade from home

[15:34] {Raven} but you would miss magoo

[15:34] {dino} hardly

[15:34] {Raven} rofl

[15:34] {dino} he's cranky

[15:35] {dino} my sister just bought a pub and offered 2nd floor to me, but not sure thats a good idea

[15:36] {Raven} unlimited Schlitz

[15:36] {dino} darn pru, hold it all day, starts to drop, cut it and it runs

[15:37] {patience} nope, you would start sleeping at the office

[15:37] {dino} that may be the problem, lol

[15:37] {dino} strider you still in titn?

[15:37] {strider} no

[15:38] {dino} nor i

[15:49] {strider} so long folks...see you next week.

[15:49] {Threei} what?

[15:49] {Threei} 11 minutes of pain and suiffering left

[15:49] {Threei} suffer with us

[15:49] {dino} fdx gap filling

[15:50] {strider} I got a whole weekend to feel lousy about this past week. Might as well get started as soon as possible.

[15:50] {Threei} not a good idea

[15:50] {Threei} weekedn is for clearing the head

[15:50] {dino} bury the dead strider

[15:51] {Threei} not for prolonged suffering

[15:51] {strider} yeah. :)

[15:51] {dino} as livermoore would say; a loss never bothers me after i take it

[15:51] {Threei} you want it to be a crreer, learn to start clean slate every morning

[15:51] {Threei} not dragging baggage with you

[15:52] {strider} But only if things change from one day to the next.......I'm not quite sure how to do that now.

[15:52] {Threei} yesterday can't be changed but can be rectified tomorrow

[15:52] {Threei} ummm

[15:52] {Threei} you know what

[15:53] {Threei} talk to those who got over the hump relatively recently

[15:53] {Threei} ask them one question:

[15:53] {Threei} how long did it take?

[15:53] {Threei} you will not find anyone answering in terms of weeks

[15:53] {Threei} or couple months

[15:53] {Threei} nemo

[15:53] {Threei} ese

[15:54] {Threei} and heck, this week was admittedly tough for anyone

[15:54] {Threei} and I know why

[15:54] {Threei} look what we had every day:

[15:54] {Threei} gap,

[15:54] {Threei} fast, almost hystercial action at the open

[15:55] {Threei} which is not soething really tradeable

[15:55] {Threei} then whole day of nothing

[15:55] {Threei} and whole range for the day is quite narrow, even with morning spike

[15:55] {strider} My biggest problem these days is if I start off with a big slippage loss...which I seem to do. From that point on, there's already no way to get back to b/e

[15:56] {Threei} don't start with fast stocks then

[15:56] {strider} I'm pretty dependent on your calls....and that's largely what you trade.

[15:57] {Threei} we have all kinds of stocks and calls

[15:57] {Threei} and hardly anyone in the room trades all of them

[15:57] {Threei} everyone picks what is to their liking

[15:58] {dino} find "your" edge

[15:58] {strider} It has seemed to me that when I pick and choose among the calls, I end up with the losers:)

[15:58] {Threei} see, it all comes to what dino said

[15:58] {Threei} finsding what's yours

[15:58] {strider} Your system is basedd on all your calls...right?

[15:58] {Threei} umm

[15:58] {Threei} ratjer other way around

[15:59] {strider} I mean you're dealing with probabilities....

[15:59] {Threei} yes

[15:59] {dino} everybody is

[15:59] {Threei} but there are individual variations

[15:59] {dino} w/o "edge" it's a coin flip

[15:59] {Threei} read the chapter in TR about science vs art

[16:00] {Threei} TTR

[16:00] {strider} I know. That's the trick, isn't it? To have an edge. But if you don't have an edge......

[16:00] {strider} It's kind of like Steve Martin's joke about how to get a million dollars and never have to pay taxes.

[16:01] {strider} First, you get a million dollars...

[16:01] {strider} then, don't pay taxes.

[16:01] {larisa} lol

[16:01] {strider} Sorry guys, I'm just in a funk right now.

[16:01] {strider} I really don't know how to make things different come monday morning.

[16:02] {Threei} let's start with clearning your head, OK?

[16:02] {strider} k

[16:02] {Threei} then when you feel you can think straight, do this

[16:02] {Threei} go over your trades,

[16:03] {dino} strider, hang in a bit longer. soon something will start jumping out at you. that will be your edge.

[16:03] {Threei} pick separately those losing ones that really caused most harm

[16:03] {Threei} and find what is common between them

[16:03] {Threei} Like fast thin stocks

[16:03] {Threei} or some else critria

[16:03] {Threei} and eliminate those from your trading

[16:04] {Threei} At least for now

[16:04] {Threei} do the same with winning ones

[16:04] {strider} The problem is still execution, Ii think.

[16:04] {strider} For instance, that first GLD trade this morning.

[16:04] {Threei} try to find what is common between them

[16:04] {strider} You made money on it.

[16:04] {Threei} maybe certain setup

[16:04] {strider} I stopped out....

[16:04] {strider} because I wasn't fast enough to get the 1:1

[16:04] {Threei} OK, so skip these husterically fast ones

[16:04] {strider} ok

[16:05] {Threei} after you do such round of reviews

[16:05] {Threei} you'll decide on a certain selection

[16:05] {Threei} this kind of calls you skip, this you take

[16:05] {Threei} view my calls as menu in a restaurant

[16:05] {Threei} you don't order everything, right?

[16:06] {Threei} and you can't expect me to cook only what you like

[16:06] {Threei} because magoo comes and orders somerthing very different

[16:06] {strider} i know that.....

[16:06] {Threei} and dino drags in his own BBQ

[16:06] {larisa} have a good weekend people :)

[16:06] {Threei} and stinks up the joint with hickory smoke

[16:06] {Threei} take care larisa :)

[16:07] {strider} But my trades are essentially your trades....with a few of dino's thrown in.

[16:07] {Threei} so here is the first step to your problem!

[16:07] {strider} I lose on a surprising number of yours that you make money on.

[16:07] {Threei} you are trying to emulate me and dino

[16:07] {strider} the ABX short.

[16:07] {dino} cya lari

[16:07] {Threei} but your style, character, risk toleranxce profit objectives are not the same

[16:07] {strider} Well, yes I am trying to emulate you.

[16:08] {dino} stider, my ave is roughly 66%

[16:08] {Threei} what will work for you is:

[16:08] {dino} pick and choose will kill you

[16:08] {Threei} YOUR trading style formed as variation of mine or dino's or magoo's or combination of a few, with your own twist

[16:08] {Threei} look what ese does,

[16:08] {Threei} not much in common with what I do

[16:08] {Threei} or magoo does

[16:08] {Threei} or dino

[16:09] {Threei} look at fern's trades

[16:09] {Threei} his style is distinctively ddifferent from mine

[16:09] {strider} yeah...I can describe each of their trade types.

[16:09] {Threei} there you go

[16:09] {Threei} see the direction now?

[16:10] {Threei} watch all these trades,

[16:10] {Threei} try them,

[16:10] {strider} yes.

[16:10] {Threei} see what you are comfortable with,

[16:10] {Threei} make them your wn,

[16:10] {Threei} add something that you find and feel good about and stats show it works for you

[16:10] {Threei} blind emulation will not work

[16:10] {Threei} if it did, why would I teach anyone

[16:11] {Threei} I would simply call and everyone would follow

[16:11] {Threei} but that's not the point of the room

[16:11] {Threei} or at least not the main point

[16:11] {Threei} reread this all a few times over the weekend

[16:12] {Threei} it will nudge you in the right direction

[16:12] {strider} k

[16:12] {Threei} just don't stand still

[16:12] {Threei} repeating what doesn't work

[16:12] {Threei} and expecting that somehow it suddenly will

[16:12] {strider} yeah. I can't do that. the sign of psychois, right.

[16:12] {strider} :)

[16:13] {Threei} per Einstein, yes :)

[16:13] {strider} Thanks, vad.

[16:13] {strider} And dino.

[16:13] {Threei} "ulitimate definition of insanity is doing the same thing and expecting different results"

[16:14] {Threei} take care guys, see you on Monday

[16:14] {strider} see ya.

[16:14] {dino} gl