Dec 18 2009

Not very active (what with multiple witching et all) day but profitable, mostly with scalps. That ends a week with 4 winning days out of 5

Dec 18 00:00:00 2009

[08:22] {Les} I embrace obfuscation with bottle of wine after trading every evening, but am otherwise agreed that elucidation is cool

[08:22] {Les} GM :)

[08:23] {Threei} oh good... we are on the same page then about both

[08:23] {Threei} obfuscation and elucidation

[08:25] {nemo} oil bumped up big

[08:25] {Threei} why?

[08:26] {Threei} oh I see

[08:26] {Threei} Iran

[08:26] {Les} $ starting to find it legs again

[08:26] {nemo} What are they doing now?

[08:26] {Les} what's the evil empire doing now?

[08:26] {nemo} that's us Les

[08:27] {Les} didn't feel need to clarify that Nemo. It's assumed

[08:27] {Threei} Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the east Maysan field in al-Fakah region, 450 kilometers south of Baghdad, Border Guard General Zaser Nazmi said. The Iranian forces positioned tanks around the well.

[08:27] {Threei} The border guards comments could not be immediately verified.

[08:27] {Les} haha US not willing to show them the door?

[08:28] {Threei} Iraq Deputy Interior Ministry: Denies reports that Iranian forces entered Iraqi territory

[08:28] {Threei} - Earlier this morning the Iraqi Interior Minister said that Iraq will clarify events at the Fakka oil field

[08:28] {Threei} ***Note that earlier unconfirmed reports claimed that Iranian troops "briefly" entered Iraqi territory on Thursday. - Fakka field operates 12 wells

[08:31] {Les} GLD consolidating with volume

[08:34] {Les} oops sorry, my bad. ignore last.

[08:37] {Les} out GLD +.10

[08:53] {Les} and again. nice b/d on GLD this morning

[08:54] {Les} HEY SLEEPY HEADS! IT'S WORK TIME!

[08:54] {Threei} yawn

[08:55] {nemo} spy at support

[08:58] {Les} doesn't look good for SPY on daily. nothing holding it up

[09:03] {Les} damn. big GLD b/d at 8:57. the wrecking crew are early this morning.

[09:06] {Threei} that was clean breakdown setup providing yo were willing to keep 20 cents stop

[09:06] {Threei} alternatively, short into bounce to .20 with stop above .30 was fine as aggressive entry

[09:14] {fernp} Good morning everybody

[09:14] {Les} gern

[09:14] {Threei} fern :)

[09:14] {Les} sorry fern

[09:14] {fernp} hi all

[09:14] {dino} gm all

[09:15] {Les} dino

[09:15] {Threei} dino :)

[09:15] {strider} morning everyone...

[09:15] {Les} st

[09:15] {Threei} strider :)

[09:15] {strider} back in Anatevka....

[09:16] {strider} trying to scratch out a simple tune without falling off the roof.

[09:16] {dino} back to the future

[09:17] {ese} morning

[09:17] {Threei} ese :)

[09:18] {ese} hey bad

[09:18] {ese} vad

[09:18] {Les} ese

[09:18] {ese} opps

[09:18] {ese} les

[09:20] {Les} found those keys on the keyboard ese? :)

[09:21] {dino} seno

[09:22] {dino} palm

[09:23] {ese} my goodness.......just saw the rimm news.....up 8pts ....

[09:23] {ese} yup.......at fingers les

[09:23] {ese} fat

[09:23] {Les} bitchin. heard from Cramer not to touch RIMM, but didn't think to watch it premarket

[09:24] {Les} beautiful ascending triangle

[09:24] {nemo} Cramer Contra-indicator

[09:24] {ese} always

[09:24] {nemo} saab going out of business

[09:24] {Les} no. just said that earnings is upon RIMM.

[09:25] {magoo} ko[wr

[09:25] {lasertrev} gm

[09:25] {Les} should have thought to watch it this morning

[09:25] {nemo} what about gm trev?

[09:25] {Les} trev

[09:25] {Threei} trev :)

[09:25] {lasertrev} i dont have one

[09:26] {lasertrev} they make lightbulbs

[09:28] {strider} CECO continuation (down)

[09:29] {magoo} was the ceco news THAT bad?

[09:29] {strider} CELG, PAYX, TTWO

[09:29] {Threei} mags :)

[09:29] {nemo} could lose accreditation, which would make their diplomas about as valuable as the dollar

[09:30] {Les} RIMM coming back to earth

[09:32] {dino} pot 110

[09:32] {Les} CECO bounce coming?

[09:32] {magoo} carefu;l

[09:32] {nemo} wow rimm

[09:33] {fernp} Quadruple Witching today

[09:35] {fernp} UUP halted

[09:36] {strider} decided to just cancel the dollar?

[09:36] {Threei} lol

[09:36] {nemo} I have it up .01

[09:37] {dino} same

[09:37] {dino} 322k sh

[09:38] {nemo} mmmhhh I have 313 k

[09:38] {fernp} SBAC interesting

[09:38] {nemo} crist T&S on RIMM is causing my screen to smoke

[09:39] {dino} 322,800

[09:39] {strider} TTWO strong

[09:39] {dino} i am from the future tho

[09:39] {strider} dinos are supposed to be extinct.

[09:39] {Threei} Short Setup: RIMM .35 break half lot

[09:39] {dino} not on other planets

[09:40] {Threei} if stays under .50

[09:40] {Threei} invalidated

[09:40] {nemo} ow

[09:41] {dino} pot more blood, down about 20 pts this week

[09:41] {magoo} ceco destroyed

[09:41] {Threei} back again

[09:41] {Les} what's with FCX?

[09:41] {Threei} maybe with .55 stop

[09:41] {fernp} SBAC 1:2

[09:42] {Threei} 1:1 in a hurry

[09:42] {Threei} and more

[09:42] {Les} ooh yeh

[09:42] {Threei} out

[09:43] {strider} my lvl2 2 was running behind T&S, missed it.

[09:43] {dino} 'snta

[09:43] {Les} fcx

[09:43] {nemo} strider, change your quote server to 17 or 18

[09:44] {strider} k. was on 20

[09:44] {nemo} when you see tht happen, change the quote server

[09:45] {strider} I do. thanks.

[09:48] {magoo} usually its a server wide issue

[09:48] {Les} fcx .80 trigger with 77 stop Vad?

[09:48] {magoo} u east coaste stripper?

[09:48] {strider} yep

[09:48] {strider} NC

[09:48] {magoo} its an EAST coaste problem

[09:48] {Threei} doesn't feel right les

[09:49] {Les} it is acting strangely...

[09:50] {Threei} Short Setup: RIMM .50 break half lot

[09:50] {Threei} if stays under .70

[09:52] {Threei} (IQ) Iraq Deputy Interior Minister: Around 11 Iranian soldiers crossed into Iraq, have not withdrawn

[09:52] {Threei} - Notes there have been several incursions into the area over the last several days

[09:52] {Threei} - Not presently mulling a military response to the situation, awaiting orders

[09:52] {Threei} - Seeking a calm response to oilfield incursion

[09:55] {strider} short CECO .50

[09:55] {Les} CECO not shortable at IB

[09:55] {nemo} sucks being you

[09:55] {dino} lol

[09:55] {magoo} maybe..maybe not..tbd

[09:56] {dino} tyy

[09:56] {dino} nah

[09:56] {Les} :P :P :P

[09:56] {fernp} WFC if breaks .20, Vad?

[09:56] {Threei} how did you know I jujst looked at it

[09:57] {fernp} cameras

[09:57] {Threei} most likely yes, fern, I'd just want couple more minutes of consolidation

[09:57] {nemo} rimm in concentric triangle

[09:58] {dino} mos hl l .50

[09:58] {Threei} looks good fern

[09:58] {fernp} in

[09:59] {fernp} stop above .30?

[09:59] {Threei} depends

[09:59] {ese} ok ...so i missed that conversation....why are udn and uup halted

[09:59] {Threei} .25 is possible too, for bigger size and "extreme scalping"

[09:59] {strider} out CECO +.08

[10:00] {strider} didn't do what I wanted.

[10:00] {Threei} "news dissemination" ese

[10:00] {ese} tks

[10:00] {dino} illusion es

[10:00] {Threei} lol

[10:01] {Threei} (SP) Spain to decide on winning bid for Madrid gas assets in next few days

[10:01] {Threei} fern... what are you guys doing over there...

[10:01] {fernp} I know nothing

[10:02] {magoo} are u calling WFC long?

[10:02] {nemo} what's the stop

[10:02] {Threei} no

[10:02] {magoo} i was confused

[10:03] {dino} mos stopped -.27

[10:06] {strider} NWBI opens at 10:30

[10:06] {strider} Northwest Bank

[10:06] {dino} fds sm l .95

[10:08] {strider} FactSet remains at premium despite sell-off yesterday, says Auriga

[10:08] {strider} Auriga believes FactSet shares continue to trade at an unsustainable valuation premium even after yesterday's sell-off. The firm keeps a Sell rating and $54 price target on shares following the company's weaker than expected Q1 results and guidance. :theflyonthewall

[10:11] {nemo} wfc looking like a breakout

[10:11] {Threei} FCX too

[10:12] {Threei} things are narfrow though

[10:12] {Threei} and RIMM forms right ranges direction wise but too wide risk control wise

[10:12] {Threei} look how that .50 break would have workesd

[10:13] {Threei} but stop would have to be not very reasonable

[10:13] {fernp} out WFC

[10:13] {nemo} stopped wfc

[10:15] {magoo} lomng fcx .13

[10:21] {magoo} out

[10:21] {Les} GLD

[10:21] {strider} short HOG .16 stop .hod

[10:22] {magoo} + dime

[10:23] {magoo} was waiting .37

[10:23] {fernp} SPY breaking lod

[10:23] {magoo} it mmade .31..sigh

[10:23] {magoo} good out before his pllbk tho

[10:23] {Threei} very

[10:24] {magoo} vads been giving me lessons on patting ones own back

[10:24] {Threei} just don't forget to warm up the arm

[10:24] {magoo} i knew i forgot something

[10:24] {magoo} ouch

[10:24] {Threei} that shoulder joint is vulnerable

[10:25] {Threei} and cuff rotator needs good lubrication

[10:27] {magoo} ya ya

[10:28] {Les} gg/auy bounce before b/d?. looking weak

[10:28] {nemo} cat near pivot, consolidation and break below .52 coul be good short

[10:28] {Threei} GG looks to me topping out on bounce

[10:32] {Les} short cat .46

[10:32] {nemo} support at .40

[10:33] {nemo} ad then .22

[10:33] {Les} ta

[10:33] {strider} short CAT /.50

[10:33] {nemo} cool

[10:34] {strider} stop .60

[10:35] {Threei} CAT is an interesting case here

[10:35] {Threei} you can keep a stop as for short,

[10:35] {Threei} but hold it for more on a profit side

[10:36] {Les} that would be nice will od

[10:36] {Les} do

[10:36] {Threei} ummm

[10:36] {Threei} I meant keep stop as for scalp

[10:36] {Les} I'll take .60 as stop

[10:36] {Threei} right

[10:37] {Threei} just above

[10:37] {fernp} HOV .05 Vad?

[10:37] {nemo} fcx

[10:37] {Threei} naaaah

[10:38] {Threei} this is a stock that will appply water torture to water torturers

[10:38] {fernp} ty

[10:38] {Les} lol

[10:38] {nemo} can't be worse than you

[10:38] {Threei} remember your yesterday's MU?

[10:38] {nemo} sorry

[10:38] {fernp} y

[10:38] {strider} whack the futs

[10:38] {Threei} HOV will make MU looking like ball of fire

[10:38] {fernp} lol

[10:40] {Threei} by the time MU puts pants and drags itself to the kitchen to make coffee, HOV may or may not stick its first leg from under the blanket

[10:40] {nemo} volumes high

[10:42] {Threei} UUP

[10:42] {Threei} NEW YORK--(BUSINESS WIRE)--DB Commodity Services LLC today announced that new creations of the PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) are temporarily suspended pending clearance and declaration of effectiveness of a registration statement for 240,000,000 additional shares by the US Securities and Exchange Commission, the Financial Industry Regulatory Authority and the National Futures Association. To manage exceptional investor demand for UUP, DB Commodity Services filed a registration statement for additional shares on Dec. 8, 2009.

[10:42] {Threei} Market Internals update at 10:30amET

[10:42] {Threei} - NYSE volume 768M shares, about 190% above its three-month average; advancers lead decliners by 1.3:1.

[10:42] {Threei} - NASDAQ volume 753M shares, about 41% above its three-month average; advancers lead decliners by 1.6:1.

[10:42] {Threei} - VIX index -1.5% at 22.13.

[10:42] {Threei} **reminder: volume is heavy today on quadruple witching of options and futures, and the index rebalancing occurring today.

[10:43] {Les} does christmas holidays begin for traders this afternoon?

[10:43] {nemo} fcx

[10:43] {nemo} sorry

[10:43] {ese} driving the kids to school....see you in an hour

[10:43] {Threei} it's a personal choice

[10:44] {Les} no, not us

[10:44] {Les} Wall St.

[10:44] {strider} stopped CAT

[10:44] {strider} +.13 HOG

[10:44] {Threei} http://www.nasdaq.com/about/schedule.stm

[10:44] {Threei} http://www.nasdaqtrader.com/Trader.aspx?id=Calendar

[10:46] {Threei} December 24 Early Market Close*

[10:46] {Les} does volume get even lighter than in recent days?

[10:46] {Threei} December 25 Christmas Day Closed

[10:46] {Threei} volume is quite decent today

[10:47] {magoo} wheres the RIMM boubnce boss?

[10:47] {Threei} from under 69

[10:50] {Threei} BBY

[10:50] {Threei} Best Buy Co Inc To offer free HTC Andriod ERIS phone to certain Best Buy Reward Zone members from Dec. 18 through Dec. 26 with 2 year contract

[10:50] {Threei} - The smartphone is retail priced at $99 with new two-year activation.

[10:52] {Threei} this should be last leg for RIMM mags

[10:52] {nemo} 68.20

[10:53] {Threei} .40, IMO

[10:53] {nemo} yeah,in that area

[10:55] {nemo} guess it's making a stand here

[10:57] {strider} scalpedd +.14 RIMM

[10:57] {fernp} ACI short 21 break, Vad?

[10:57] {nemo} nj

[10:59] {Threei} probably yes

[11:02] {ilana} RIMM +.27 ty magoo, vad

[11:02] {Threei} gj

[11:05] {magoo} nice..i hit it too

[11:05] {magoo} good read vad

[11:05] {magoo} ty

[11:06] {Threei} I really expected it to dive one last time under .50

[11:08] {fernp} 1:1 ACI

[11:09] {fernp} ty Vad

[11:09] {Threei} yup nice one

[11:10] {magoo} FCX vad..retarted

[11:12] {strider} RIMM making c&h......whatcha think, vad?

[11:13] {Threei} looks to me like short on 69 break rather

[11:13] {dino} s/p open gap fill

[11:14] {Threei} or long on .20 break

[11:14] {strider} POT ma be looking for a bottom.

[11:14] {Les} CAT

[11:14] {strider} thx

[11:15] {magoo} long IF mkt responds imo

[11:17] {Les} short fcx .70

[11:19] {Threei} covering RIMM

[11:20] {Threei} 1:1

[11:20] {Threei} Draft document from environmental summit: wealthy nations should reduce emissions by 80% by 2050

[11:21] {Les} half the coastline will be underwater by then

[11:21] {Threei} I agree, I won't live that long anyway

[11:21] {strider} no more beans for nemo.

[11:21] {Threei} 'cause Al Gore said so les? {G}

[11:21] {Les} who?

[11:22] {Les} no, greenland and arctic icesheets enough to do the job

[11:22] {magoo} well..we all dead 2012

[11:22] {strider} how can half the coastline be under water? It's all at the same level.

[11:22] {dino} lol

[11:23] {strider} The coastline is wherever it is.

[11:23] {magoo} pretty intelligent ..why u a stripper?

[11:24] {Threei} 'cause it's a smart thing to do?

[11:24] {strider} Philosopher in a former life.

[11:24] {strider} dino, whatcha think of POT?

[11:25] {Threei} some scientists argue that those parts of ice that are underwater won't impact water level when they melt, since they are already underwater,

[11:25] {magoo} POt was downgraded this morn

[11:25] {strider} DUH

[11:25] {magoo} could rot

[11:25] {Threei} and those are above waterline decrease pressure on the land when melt

[11:25] {fernp} BYD is a trap, Vad?

[11:25] {Threei} so it can rise keeping coastline on more or less the same level

[11:26] {strider} Whew!

[11:26] {Threei} hard to tell fern...

[11:26] {dino} not sure strider, bounce yes, but where

[11:26] {Threei} slow and narrow

[11:26] {strider} Prolly a short below 106.

[11:26] {strider} make magoo happy.

[11:28] {dino} lots of stuff destroyed this week

[11:28] {strider} HOG to the slaughter.........

[11:28] {strider} not that there's anything wrong with that.

[11:32] {strider} Here's some pics of my _notharley. http://www.vroc.org/view_profile.php?user_id=16183

[11:33] {Threei} cool!

[11:33] {Les} you a bikey gang member strider?

[11:33] {patience} very

[11:33] {fernp} HGSI dbi

[11:34] {strider} yeah, Les...you got a problem with that?

[11:34] {dino} lol

[11:34] {strider} :D

[11:34] {Les} lol

[11:35] {strider} We have people all over...to take care of business, ya know.

[11:35] {Les} Australia's passing laws against people like you

[11:35] {fernp} HGSI valid dbi, Vad?

[11:35] {Threei} sure

[11:35] {Les} CAT

[11:37] {magoo} is that u in pic?

[11:37] {Threei} lol...

[11:37] {Threei} can you imagine him posting pics of some random guy?

[11:37] {fernp} nice pics, strider

[11:37] {Threei} and for some reason showing them to us?

[11:38] {Threei} "hey, look at the guy I saw at the roadside"

[11:38] {Les} nice countryside

[11:38] {Les} I am so use to hearing america is this or america is that..

[11:38] {Les} quite refreshing to see it is beautiful as well

[11:39] {Threei} you are kidding Les

[11:39] {magoo} where was pic of stranger taken?

[11:39] {Threei} it's a stunning country

[11:39] {Les} yeh but all I read is about washington, wall st, people getting tossed out of their houses etc...

[11:39] {Les} quite depressing

[11:40] {Les} short CAT .80

[11:40] {magoo} STRIDER..why u blowing me off here?

[11:40] {strider} Appalachians are my home.

[11:41] {strider} Excuse me, magoo?

[11:41] {Threei} Les... just for one example, look up Yosemite National Park

[11:43] {magoo} np

[11:44] {Threei} reminds me how in USSR we were taught that all that is ahppening in USA is endless trikes by severely opressed working class, lynch mobs on the streets, hunger strikes, police fighting riots etc

[11:45] {strider} I thought you were ready to short POT on a break of low, mags.

[11:46] {Les} no I've seen enough wiki photos vad

[11:46] {Les} but background of every photo strider is in - very pretty

[11:47] {Threei} oh admit it... it's strider himself that lights landscape up

[11:47] {strider} ahem.

[11:47] {Les} yes very pretty too ;)

[11:47] {Les} fcx db?

[11:47] {Threei} there... I have the gift of goading people out of their closets

[11:48] {Les} :/

[11:48] {Threei} I'd bnunt for another break on it

[11:48] {strider} Les, here's some photos of my birthplace in east Tennessee. 4 season. http://www.elizabethtontennessee.com/

[11:49] {nemo} rimm break?

[11:50] {nemo} that would be yes

[11:50] {Threei} I think so

[11:50] {strider} what's the trigger?

[11:50] {nemo} stop was a bit wide

[11:50] {fernp} strider, you never short HOG, no? . is that a sacrilege? :-)

[11:50] {nemo} volume was right though

[11:51] {nemo} strider...you ride a Vulcan for crissakes

[11:51] {strider} I got no stake in HOG. Ride a Kawasaki.

[11:51] {dino} gut says rally coming

[11:51] {nemo} trigger was .30

[11:51] {strider} rewind.

[11:51] {Threei} ok, who wants to see a Big Bird with his carefully maintained vehicle?

[11:51] {nemo} is that your beer gut talking Dino?

[11:51] {Les} you mean sesame street?

[11:52] {strider} POT may be a little more interesting now.

[11:52] {Threei} I mean Raven

[11:53] {nemo} He hasn't clucked in this morning

[11:53] {fernp} i want to see it

[11:53] {Raven} lol

[11:53] {nemo} you marry your cousin Raven?

[11:53] {Les} let's have it Vad

[11:53] {Threei} http://realitytrader.com/vad/RAVEN.JPG

[11:53] {Raven} sure nemo

[11:54] {nemo} Edgar in the flesh

[11:54] {Threei} is it a spot I see you missed on the hood when washing?

[11:54] {fernp} nice car

[11:54] {Les} jeez I feel old when I look at my children

[11:54] {Les} young when I look at you guys

[11:55] {dino} meli sm l .23

[11:55] {Raven} lol ... that pic was taken in 1934

[11:55] {nemo} When did the Beetle come out?

[11:55] {nemo} wasn't until after WWII I think?

[11:56] {Les} ,no 1932 I think

[11:56] {dino} 60s

[11:56] {Les} Hitler unveiled first beetle

[11:56] {nemo} That early in Germany les?

[11:56] {Raven} sheesh ... lots of range there

[11:56] {nemo} No, Les might be right, it was available over there much earlier

[11:56] {nemo} The orignal "people's car"

[11:57] {ilana} in 1938

[11:57] {ilana} http://en.wikipedia.org/wiki/Volkswagen_Beetle

[11:57] {nemo} I was just gonna' say,, did you "wiki" it

[12:01] {Les} aggressive short of FCX .00 with .15 stop?

[12:01] {strider} Back in an hour.

[12:01] {strider} We got a little snow here this morning.

[12:01] {nemo} scalp it les

[12:02] {Les} too late

[12:02] {fernp} CEPH breaking .90

[12:02] {nemo} might be getting an inverted Dandruff formation on FCX

[12:07] {ese} i'm back

[12:07] {nemo} happy day

[12:07] {ese} lol

[12:08] {nemo} Suuuuunnnnny Day, Chasing the Cloooouuuuds awaaaaaay.....

[12:08] {nemo} oy

[12:08] {nemo} where are my meds

[12:08] {patience} ese is getting to you nemo

[12:08] {Threei} look at IMAX daily

[12:08] {Threei} patience... you sure you can tell who of them is getting to whome?

[12:08] {ese} worst week of the year for me to trade in......too many shows...too many concerts........,can't ocus in on the trade

[12:09] {ese} lol

[12:09] {fernp} 23 break is interesting

[12:09] {fernp} 13

[12:10] {nemo} scared me fern

[12:10] {ese} speaking of shows....patience and vad....the Vic High Band with John Gogo and former CBC personality Scott Walker are at St. Annes Academy tonight at 7:00pm

[12:11] {Threei} cool

[12:11] {ese} what ere ya up ta this evennin?

[12:12] {nemo} cat .25 long

[12:14] {Threei} will ask this gal ese

[12:14] {Threei} you know

[12:14] {Threei} one who runs my social life

[12:14] {Threei} are there tickets or entry by donation?

[12:15] {Threei} FCX dandruff formation works

[12:16] {ese} tickets are at the door.....but i'm not sure what they are?

[12:16] {Threei} well... I suspect my budget can handle it

[12:16] {Threei} just asking about mechanics of getting in :)

[12:17] {ese} the theatre/auditorium is on the west side of the building........there is parking over there

[12:20] {dino} gut had it

[12:22] {dino} fsys

[12:22] {dino} sm l .50

[12:23] {dino} mos moving, maybe pot follows

[12:31] {Threei} btw

[12:31] {Threei} watched Inglorious Basterds yesterday

[12:31] {Threei} fits ever Tarantino movie I was absolutely cold to

[12:31] {dino} good?

[12:32] {Threei} IMO... skip it safely

[12:32] {dino} hmmm

[12:32] {Threei} and I am a tarantino fan

[12:32] {dino} i watch burn after reading last week, horrible

[12:33] {Threei} out of my three most favorites movies,, two are his

[12:34] {Threei} tells you something about how much I like what he does... but this one is just...

[12:34] {Threei} not anywhere even close to anything he's done before

[12:34] {Les} no, I have that film still wrapped in plastic. Have I wasted my money?

[12:34] {Threei} well... these things are too individual

[12:34] {dino} you want to watch some stupid, funny stuff, get the american pie collection

[12:35] {Threei} let's set some bottom line les...

[12:35] {Threei} my favs, not necessary in a certain order:

[12:35] {Threei} Once Upon a Time in America

[12:35] {Threei} Pulp Fiction

[12:35] {Threei} Kill Bill

[12:35] {Threei} if you like these, you'll likely to be cold to Basterds

[12:36] {Les} no plot, no stirring dialogue?

[12:36] {Threei} there is a plot...

[12:37] {Threei} it's just not very interesting, not enfafing

[12:37] {Threei} engaging

[12:37] {Threei} no tension he usdually creates so masterfully

[12:38] {dino} i have to watch, it's a wonderful life again

[12:38] {Threei} almost all his films are gory, to this or that degree, but he manages to make it elegant

[12:38] {Threei} not much elegance here

[12:42] {ese} gotta go.......my appologies for not contributing much these.....it's the natre of being a musician at christmas

[12:42] {ese} cya

[12:42] {dino} cya es

[12:42] {Threei} take care ese

[12:43] {ese} these days....nature

[12:43] {fernp} bye ese

[12:43] {dino} no worries

[12:45] {magoo} AVIAWEV?

[12:46] {Threei} no...

[12:46] {nemo} what?

[12:46] {Threei} lol

[12:46] {nemo} new acronym

[12:47] {magoo} ask vad if any will evolve

[12:47] {magoo} victorious

[12:47] {Threei} oh boy

[12:47] {Threei} this is getting complicated

[12:47] {nemo} DILLIGAF!

06[12:47] * Threei slaps nemo around a bit with a large unanswered dcc

[12:47] {magoo} and it was too simplify

[12:49] {nemo} frick....missed rimm break

[12:49] {Threei} I didn't believe in it

[12:49] {Threei} still don't

[12:49] {nemo} what?

[12:50] {Threei} RIMM break

[12:50] {nemo} well, it's amost 1:2 already

[12:51] {nemo} the 200, and BB 13 crossed at that large candle

[12:51] {Threei} so what... I don't beluieve in it anyway

[12:52] {nemo} What...think they're voodoo or somethin'?

[12:53] {Threei} aren't they?

[12:53] {nemo} of course

[12:53] {nemo} as long as they work

[12:53] {nemo} where's that chicken?

[12:53] {nemo} no frickin' virgins for miles

[12:54] {Threei} you live in tiger woods neighborhood?

[12:54] {nemo} oh yeah, the waitress and the cougar

[12:54] {nemo} I haven't seen a crash and burn story like that since the NY Governor

[12:58] {nemo} fcx just hit support at .56

[13:01] {dino} out meli .67 ave, +.44

[13:01] {fernp} gj dino

[13:02] {dino} ty

[13:02] {dino} started slow

[13:02] {Threei} nice one

[13:03] {dino} fsys stopped, -.30

[13:08] {fernp} USB .15 break, Vad?

[13:09] {Threei} if you are willing to fight for 5 cents...

[13:09] {Threei} chart is right

[13:09] {Threei} just slow

[13:09] {fernp} I am willing to fight for 1 cent

[13:10] {Threei} lol... lowring your standrards aren't you

[13:11] {fernp} USB not followinf FAS FAS broke hod some minutes ago...

[13:13] {Threei} you have two cents

[13:14] {magoo} vwuematca?

[13:14] {fernp} offering at .20

[13:15] {fernp} out

[13:15] {Threei} cool

[13:15] {magoo} trans=vad, will u ever make a trade call again?

[13:16] {Threei} no

[13:16] {Threei} ever

06[13:16] * nemo slaps magoo around a bit with a large lead pipe cinch

[13:16] {strider} Oh, this is an interesting conversation.

[13:16] {Threei} I quit that... cold turkeyt

[13:17] {strider} OK. I'll start making the calls....send your checks to me every month.

[13:20] {ilana} will the mail ever get to Appalacheys (not sure about the spelling)

[13:21] {dino} pot lod

[13:23] {strider} yes, ilana. Mail comes by the train. Once a week.

[13:23] {strider} You go down to the station, and for a nickel,, they'll read your letters to you.

[13:24] {ilana} and read the cheques... nice

[13:24] {strider} just cash those at the general store.

[13:25] {ilana} vad is quite = agrees.. .

[13:25] {dino} ebix sm l .91 stop lod

[13:26] {Threei} I am generally very agreeable

[13:26] {strider} dino, that's the wierdest chart I've ever seen.

[13:27] {fernp} Vad, USB +.17 from my entry. I sold with +.05 UNFAIR!!

[13:27] {strider} Is this "find the popes in the pizza" contest?

[13:27] {Threei} why

[13:27] {Threei} it's fair

[13:27] {Threei} leave something for others

[13:27] {Threei} otherwise no one will come out tomorrow to play with you

[13:27] {fernp} yor are too good person

[13:27] {dino} lol strider, if you follow me you will see strange stuff

[13:27] {fernp} xMas

[13:28] {dino} holds low well, look at 5 day

[13:28] {ilana} on 5 min chart it makes more sence, strider

[13:28] {strider} big honkin' triangle?

[13:29] {strider} on 15 min.

[13:29] {dino} 5 day every day jubs to mid 45s

[13:29] {strider} yeah. 5min. is better.

[13:29] {dino} jumps

[13:29] {strider} that's sneaky.

[13:30] {dino} meli similar

[13:30] {Les} WFC 27 break?

[13:31] {Threei} I am torn on WFC

[13:31] {Threei} 27 break for long or .90 break for short

[13:31] {Les} cool

[13:31] {Threei} both look attractive

[13:31] {Threei} and volume fkattened out

[13:31] {Threei} so can't tell which is more likely

[13:32] {strider} QQQQ is very differnt from Spy today.

[13:33] {ilana} can you in laser define the volume color based on buying and selling?

[13:33] {dino} fsys lod

[13:33] {strider} no

[13:33] {strider} no, ilana.

[13:33] {ilana} shame... that would help

[13:34] {Threei} on T&S only

[13:34] {Threei} not on chart

[13:41] {strider} Just read the other day that you can link

[13:41] {strider} Esignal to Laser.

[13:43] {Threei} study showed bourbon causes worse hangover than vodka

[13:43] {nemo} makes sense

[13:44] {strider} potato water.

[13:44] {nemo} corn water, what's the issue

[13:44] {Les} if corn can make ethanol, little surprise it gives people headaches as bourbon

[13:44] {ilana} gotta go, have a great weekend

[13:44] {Les} ciao

[13:44] {Threei} have a great one ilana

[13:45] {strider} see ya, ilana.:)

[13:45] {fernp} bye ilana

[13:45] {strider} POT nice breakdown of consolidation.

[13:45] {Les} vad, partialled out at .85 on WFC from .90

[13:46] {Les} am I right thinking wfc gonna b/d again?

[13:46] {Threei} you 5 cents pickers, lol

[13:46] {Les} I've lost some big m oney tonight being greedy

[13:46] {Les} well, big money for me...

[13:46] {Threei} it nears 1:1

[13:46] {Les} here comes my 10 cents

[13:47] {Les} I stupidly let 1:1 in FCX go by for more profit and then turned it into big loss as it turned with market at midday. ouch!

[13:48] {Threei} wait

[13:48] {Threei} OK, you let 1:1 go

[13:49] {Threei} not good but

[13:49] {Threei} but more importantly:

[13:49] {Threei} how do you let it turn into BIG loss?

[13:49] {Threei} one thing is, after 1:1 is reached, stop goes to b/e

[13:49] {Les} oh, ok

[13:49] {Threei} and even if you refuse to do that (no good but),

[13:50] {Les} out wfc

[13:50] {Threei} worst case scenario it hits your original stop loss

[13:50] {Threei} which is what you were willing to risk from the get go

[13:50] {Threei} now, if you don't take that stop and let it go fyrther against you...

[13:51] {Les} yeh hit original stop loss, wasn't happy cause it was .20 cents.

[13:51] {Threei} that IS a problem

[13:51] {Threei} but it was your risk from the start

[13:51] {Les} don't like taking 20 cent loss...

[13:51] {Threei} if it's big risk for you, why do tyou take this kind of trades?

[13:51] {Les} not big risk, but losing pisses me off

[13:52] {Threei} ponder this over weekend:

[13:52] {Threei} you WILL lose while losing pisses you off

[13:52] {Threei} you will start making money when losing becomes part of routine

[13:52] {Les} yes and no

[13:52] {nemo} paradox of trading

[13:53] {Threei} if losses piss you off, it means one thing only:

[13:53] {dino} fsys sm l .51 last try

[13:53] {Threei} you don't have right approach to trading incorporated in your thinking

[13:53] {Les} I will start making money when I stop squeezing trades

[13:53] {Les} I exaggerate

[13:53] {Les} losing doesn't really piss me off

[13:53] {Les} perhaps its this market at present

[13:53] {Threei} I suggest you think about what I said

[13:54] {Les} squeezing trades that don't come good too often

[13:54] {Threei} and make up your mind

[13:54] {Threei} 'cause when you say

[13:54] {Les} then a good trade becomes a loss...

[13:54] {Threei} [13:51] {Les} losing pisses me off

[13:54] {Threei} and

[13:54] {Threei} [13:53] {Les} losing doesn't really piss me off

[13:55] {Les} yeh yeh

[13:55] {Threei} I find it a bit hard to produce sound advice {G}

[13:55] {Les} I need to have scalpers mind set when it is scalpers market

[13:55] {Les} Losing through expectatios and greed that aren't met in present market

[13:55] {Les} expectations

[13:57] {Les} will try typing up your trading mantras this weekend for a change of habits come 2010

[13:57] {Les} my own trading mantras, not yours...

[13:58] {Threei} right, why bother with mine

[13:58] {Threei} they are only working for me for the last 11 years

[13:58] {Les} you know what I mean

[13:58] {Threei} sure... but I can't resist temptation

[13:59] {Threei} realize this les:

[13:59] {Threei} whatever particular problem you are dealing at some particular moment isn't very important

[13:59] {Threei} they will come and go

[14:00] {Threei} general underlying principle is important:

[14:00] {Threei} your mental balance comes from the right philosophy

[14:00] {Threei} if you find yourself pissed off, whatever the cause is at the given moment,

[14:00] {Threei} it means something is imbalanced in your core approach

[14:01] {Threei} until you work out the general understanding what market is,

[14:01] {Threei} how it works,

[14:01] {Threei} what trading is,

[14:01] {Threei} what your place in the market is,

[14:01] {Threei} what role you play in trading,

[14:01] {Threei} how you interact with market

[14:02] {Threei} you will stumble onto reasons to get frustrated

[14:02] {Threei} reasons will change

[14:02] {Threei} frustration will remain

[14:02] {Threei} the closer you are to the right attitude about market, trading and yourself

[14:02] {Threei} the more balanced you are

[14:03] {Threei} and the better your trading is

[14:03] {Threei} think of this interesting phenomena:

[14:03] {Threei} beginners oftyen find the seciond and third part of TTR especially useful

[14:04] {Threei} as they mature as traders,

[14:04] {Threei} they come to conclusion that it's a first part of TTR that is most useful for them

[14:04] {Threei} part that talks about general understanding of what market is and how we interact with it

[14:06] {Threei} did I sucessfully put you all to sleep?

[14:06] {nemo} coma

[14:06] {strider} THat was good, vad.

06[14:06] * nemo slaps Les around a bit with a large razor wire wrapped 2X4

[14:07] {Threei} ty strider

[14:07] {dino} zzzzzzzzzzzzz

[14:08] {strider} I am now having periods of relative clarity, still interspersed with periods of cloudiness.

[14:08] {nemo} that's Alzheimer's

[14:08] {strider} This is my 2nd green week since I've been here.

[14:08] {strider} Not much. but something.

[14:08] {Threei} well, the sooner you eschew obfuscation

[14:09] {nemo} great tree-hugging lefty

[14:09] {Threei} while silmutaneously espousing elucidation

[14:09] {dino} out fsys .91, +.40

[14:09] {Les} I was looking forward to green week 1st time strider, but blew it today.

[14:09] {dino} fds to .25

[14:10] {dino} imo, most beginners try too hard

[14:10] {strider} That's easy to do....blowing a week with Friday excesses.

[14:10] {fernp} AKS if breaks 20, Vad?

[14:10] {dino} as patience would say, "be patient"

[14:10] {strider} And milk the papertrading for all it's worth.

[14:10] {Threei} same as they all are fern

[14:10] {strider} Just remember that real money will create a whole different set of emotions.

[14:10] {Threei} will work for a small move if market helps

[14:10] {Threei} chart is right

[14:11] {fernp} ok. thanks

[14:11] {Threei} les, last word on this by me:

[14:11] {dino} the end

[14:11] {Threei} what I typed above is 1000 times more valuable for your trading than 100 winning calls

[14:11] {Threei} lol dino

[14:12] {Threei} I stringly suggest you not to dismiss it as general blah blah

[14:12] {dino} :)

[14:12] {Les} ok. will delve into TTR for further nuggets of understanding this weekend

[14:12] {Threei} but embrace and espouse with ferocity

[14:13] {Threei} for a short version, just read the last chapter of part I

[14:13] {dino} les, study him, he will make a career for you

[14:14] {Les} now that's an idea.

[14:14] {Les} webcam feed from vad's workplace

[14:14] {nemo} cameras keep breaking

[14:15] {dino} radio joke

[14:15] {nemo} NO...not the radio joke!

[14:17] {dino} lol

[14:17] {strider} all right. the whip.

[14:19] {strider} So, these two irishmen walked out of a bar.

[14:19] {strider} ...........well, that COULLD happen.

[14:20] {nemo} Not really

[14:20] {nemo} They usually fall out

[14:20] {nemo} I'm half Irish by the way

[14:21] {strider} Me too.

[14:21] {strider} Other half, welsh.

[14:21] {nemo} Sicilian

[14:21] {strider} Had a friend visit Wales awhile back.......

[14:21] {strider} she came hope to report her surprise....

[14:22] {dino} fds to .35

[14:22] {strider} "there's a whole country of people who look just like you."

[14:22] {dino} lol fds, makes me think of animal house

[14:22] {strider} fds

[14:22] {strider} sorry

[14:23] {nemo} You mean when the Germans bombed Pearl Harbor

[14:23] {dino} irish here

[14:23] {nemo} Oh, downloaded "Boondock Saints" again the other night...great movie

[14:23] {dino} fds= fat drunk and stupid is no way to go thru life

[14:23] {nemo} well, alot of people do

[14:23] {dino} magoo's on a diet

[14:24] {strider} diet of steak and potatoes?

[14:24] {nemo} I'm on the seefood diet

[14:25] {strider} yes...you see food you eat it.

[14:25] {dino} lol

[14:25] {nemo} weight is not an issue for me

[14:25] {dino} he has tb (two bellies)\

[14:25] {strider} one that he wears, and one he keeps the food in..

[14:25] {nemo} He's got a rumen?

[14:25] {Les} .65 b/d in FCX vad?

[14:26] {Threei} yes

[14:27] {Les} in .85 stop

[14:27] {dino} out fds .45, +.50

[14:28] {dino} pot 105s

[14:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:28] {nemo} 106s

[14:29] {dino} ma rockin' today

[14:29] {strider} good trading

[14:29] {nemo} V also

[14:38] {Threei} I am not sujre I got it

[14:38] {Threei} you entered aggressively?

[14:38] {Threei} 'caue at the time of your "in" report it didn't trigger yet

[14:38] {dino} pot 105s again

[14:39] {strider} I forgot what that means, dino.

[14:40] {strider} 105s

[14:40] {strider} heading toward 105?

[14:41] {nemo} look at the sell orders at .50 in rimm

[14:42] {dino} lol, just got a call on that foreclosure bid i won in august. closing monday. the bank, gmac, found 3 additional liens that needed to be satisfied after i won the bid

[14:46] {Threei} so they have to eat it?

[14:46] {Threei} Just 34% Say Passing Health Care Bill is Better Than Passing Nothing

[14:47] {Threei} 43% Believe Tiger Woods Apologies Are Sincere

[14:47] {dino} strider, just that it hit the 105s we talked about hours ago

[14:47] {strider} thx dino......

[14:47] {Threei} 50% Now Say Global Warming Caused by Long-Term Planetary Trends

[14:48] {Threei} 66% Favor Smaller Government With Fewer Services, Lower Taxes

[14:49] {nemo} pot is dangerous

[14:50] {Les} FCX is not much better. Should have had a tighter stop. night all.

[14:51] {fernp} bye les

[14:51] {Threei} played it all wrong

[14:51] {dino} cya les

[14:51] {nemo} yeah, the obvious breaks have been stopped

[14:52] {fernp} [20:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:52] {Threei} aggresive entry should have been with .80 stop

[14:52] {Threei} and drop to .55 gave p;ratcially 1;2

[14:52] {Threei} to take agressive entry and widen stop - makes no sense

[14:52] {Threei} it eliminates one of main advantages of agressive entries

[14:55] {Threei} I never cared for Saab

[14:55] {Threei} but I am sad it's gone

[15:00] {dino} yeah 3i, they had to eat an extra $40k, nice title search

[15:01] {dino} missed your questions

[15:01] {Threei} and we wonder why they are insolvent

[15:02] {dino} i know, crazy

[15:02] {dino} brb

[15:04] {nemo} POTs inthe 105s again

[15:08] {magoo} WFc V

[15:09] {magoo} could RIP dangerous

[15:09] {magoo} could RIPPPPPP

[15:09] {magoo} V like 92

[15:09] {magoo} or not

[15:18] {dino} ebix to .89

[15:21] {magoo} thinking WFC 27.40 area..if we get lucky

[15:21] {Threei} too optimistic, imo...

[15:21] {magoo} V misbehaving

[15:22] {Threei} not enough time for such run

[15:22] {magoo} 27.27??

[15:22] {Threei} you'l be lucky to get 27.15

[15:22] {magoo} oh yes there is..could do it in last 10 minutes

[15:22] {magoo} humbly

[15:25] {magoo} spy could kill me plan

[15:26] {Threei} spies, they do that

[15:30] {strider} Got several inches of fine snow here....still coming.

[15:30] {Threei} yuck

[15:31] {strider} what a grump.

[15:31] {dino} we've been single digit temps this week, snow for couple weeks

[15:31] {dino} in mornings that is

[15:32] {strider} hardly been below freezing at night here. hanging around 30 now.

[15:32] {strider} stores probably had a run on bread and milk this morning..

[15:33] {dino} lol

[15:33] {strider} You'd think people eat nothing but bread and milk.

[15:33] {Threei} strange...

[15:33] {Threei} no steaks?

[15:33] {strider} Around here, vad, they're tied up in the back lot.

[15:35] {Threei} got it, lol

[15:35] {dino} have to leave early, son's basketball game at 4, taking ebix off here, +.04

[15:35] {nemo} cu dino

[15:36] {dino} broke my streak today, slight negative

[15:36] {dino} had 10 in row

[15:36] {nemo} how's your shoulder?

[15:36] {dino} ?

[15:36] {Threei} take care dino

[15:37] {dino} :)

[15:37] {nemo} ahhhhhh

[15:37] {strider} see ya,

[15:37] {Threei} 4 winning days out of 5 this week

[15:37] {dino} gj, same

[15:37] {dino} still running lignht tho

[15:37] {Threei} obfuscation be damned

[15:37] {Threei} long live elucidation

[15:44] {Threei} OK guys, let's have a good weekend

[15:44] {Threei} see you all on Monday

[15:44] {nemo} P&Q

[15:45] {strider} yes

[15:45] {strider} ditto

[15:45] {Threei} congratulations strider

[15:45] {Threei} on things getting on firmer footing

[15:45] {strider} oh, thanks.....small progress.

[15:45] {strider} consistency.

[15:45] {strider} No exciting trades this week. :)

[15:46] {Threei} good

Dec 17 2009

Very nice day with almost total frog eradication. I'd call it Midas day.

Session Time: Thu Dec 17 00:00:00 2009

[08:18] {Les} GLD prsented nice short but jumped straight over my offer.

[08:18] {Les} GM all :)

[08:18] {nemo} what's Les short for?

[08:18] {Les} Lesbian

[08:18] {Les} back in high school

[08:18] {Les} nowaday's its Leslie

[08:19] {nemo} as in Nielsen

[08:19] {Les} I exist as an individual being Nemo

[08:19] {Les} as in Leslie Robinson

[08:20] {nemo} {Les} I exist as an individual being Nemo...do you understand what an existential nightmare that is?

[08:20] {nemo} Hi Raven

[08:20] {Les} crap GLD just back tested my trigger price and I wasn't watching

[08:20] {Les} and look at GLD goooooooo

[08:21] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:21] {Threei} - Expectations for initial claims are 465K v prior release of 474K (range seen from 450K to 475K)

[08:21] {Threei} - Continuing claims seen at 5.170M v prior 5.157M (range seen from 5.000M to 5.300M)

[08:22] {Threei} Les, what was your short trigger for GLD?

[08:22] {Les} the US is still shedding 400+ thousand a month? incredible.

[08:22] {Les} .60 with .70 stop

[08:23] {Threei} hey

[08:23] {Threei} good one

[08:24] {Les} price and volume baby, price and volume. I like this game

[08:24] {Threei} well, and chart configurations

[08:25] {Threei} this is clean nice setup

[08:25] {Les} doesn't the price and volume create the chart setup?

[08:25] {Threei} sure

[08:25] {nemo} look at amzn and rimm

[08:25] {Threei} they create everything

[08:26] {Les} I was going to say it all comes down to price and volume, but realise that is not true

[08:26] {Threei} it's just that these formations on the chart is easiest way to visualixe

[08:26] {Threei} and see the setup forming

[08:26] {Threei} also there is a pace

[08:26] {Les} price and volume must move in such an arrangement so as to create viable setup

[08:26] {Les} and pace as well

[08:26] {Threei} with is a function of volume in time

[08:27] {Les} volume in time?

[08:27] {Threei} 1K shares in 1 second and 1K shares in one minute is very different pace

[08:28] {Les} ah ok

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 465KE; CONTINUING CLAIMS: 5.186M V 5.170ME

[08:31] {Threei} at this rate, how long before no one is working?

[08:32] {strider} and you'll have 5 million daytraders in the room.

[08:32] {Les} lol

[08:32] {Threei} yeah but

[08:32] {Les} that's what I call competitive workplace environment

[08:33] {strider} read FDX vad?

[08:34] {Threei} no read

[08:34] {strider} k

[08:34] {Threei} not enough base for reading anything yet on it

[08:34] {Les} .25 b/d on GLD might be in the works. larger stop this time

[08:35] {Threei} C is chewing through taxpayer's money with ferocity deserving better use

[08:36] {nemo} you mean, taxpayer toilet paper

[08:36] {Les} destructive capitalism

[08:36] {Threei} capitalism?

[08:37] {Threei} where do you see capitalism in that

[08:37] {Threei} if it were capitalism, C would have been bankrupt long ago

[08:37] {nemo} Les, capitalism in the US stopped with the institution of the FED and the income tax in 1913

[08:38] {Les} was playing with the popular description of capitalism

[08:38] {Les} capitalism makes things and breaks things down

[08:38] {Les} destructive capitalism is supposed to be a good tenet of the system

[08:38] {Les} but this "destructive capitalism" is exactly that - destructive

[08:39] {Threei} this whole mess, against popular opinion, is totally creatiion of deviation from capitalism

[08:40] {Threei} watch your GLD,

[08:40] {Les} happily for the oligarchs not too many people understand what capitalism is hey?

[08:40] {Threei} it may give you tighter stop

[08:40] {Threei} no, not many

[08:40] {Threei} too many really think it is a capitalism failure

[08:40] {Threei} just look at Moore

[08:41] {Threei} but then again... look how many think if developed country transfer all their wealth and industrial base to the third world countries, climate becomes better

[08:42] {Les} really?

[08:42] {Les} haven't heard that one

[08:42] {Threei} isn't it what is happening in Copenhagen?

[08:42] {Threei} "climate justice"?

[08:42] {Les} oh right. haven't been watching it

[08:42] {Threei} do if you want to be shell shocked by

[08:43] {Threei} umm

[08:43] {Threei} well, pretty much by everything

[08:43] {Threei} lol

[08:43] {Les} saw it covered on news when G8 in Geneva. Looting, rioting blah blah blah

[08:44] {Threei} wow GLD

[08:44] {Threei} typical example of when you don't want to enter on your trigger

[08:44] {Threei} tell me why?

[08:44] {Les} jumps straight over trigger

[08:46] {Les} sorry, didn't see your question

[08:47] {Les} doesn't consolidate prior to setup trigger. increased volatility. I guess directional movement is less predictable

[08:47] {Threei} plus sharp move into trigger

[08:48] {Threei} and sharp moves often produce snapback

[08:48] {Threei} so triiger becomes a trap

[08:48] {Les} ok

[08:54] {Threei} returned into trigger zone on drying up volume

[08:54] {Threei} good chance of drop from here

[08:54] {Threei} it's premarket, these things are less pronounced

[08:54] {Threei} but good for observation... as a, umm, teachable moment

[08:58] {ese} morning

[08:58] {Threei} ese :)

[08:58] {Les} hey ese

[09:00] {nemo} Your Dudeness

[09:01] {ese} hey les

[09:01] {ese} dude

[09:02] {ese} sorry was off getting a coffee

[09:02] {ese} and a hypodermic needle to inject it in with

[09:03] {nemo} why don't you just use a butterfly catheter, only have to change it twice a week, "les" holes in your arm

[09:03] {Les} I've already withdrawn from daily high and am now coming down with red wine...

[09:03] {Les} belt up nemo

[09:04] {strider} good morning all

[09:04] {strider} watching FDX, HOG

[09:04] {nemo} frickin' optimist

[09:04] {Threei} strider :)

[09:05] {strider} Sir:)

[09:05] {ese} st

[09:05] {strider} ese:)

[09:10] {magoo} morn

[09:10] {ese} nemo what were the 2 dollar symbols you gave me a few weeks back UUP? UUD? lost those 2 with computor change over

[09:10] {Threei} magoo :)

[09:10] {ese} mags

[09:10] {magoo} man, FSLR popped afterhrs to 145

[09:10] {magoo} gave all back

[09:11] {dino} gm all

[09:11] {ese} i've tried to trade that stock mags......nightmare

[09:11] {Threei} yesterday's Frank - Paul fight was disappointing - they agreed with each other on almost everything

[09:11] {strider} dino:)

[09:11] {Threei} excpet CRA

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:15] {magoo} i actually got lucky, shorted 143 covered 140 somewhere

[09:15] {magoo} when i closed up it was 141.40

[09:15] {ese} nice......hard stock to trade.....good on ya

[09:16] {magoo} best to play extremes on it

[09:16] {fernp} Good morning everybody

[09:16] {magoo} but ive been struggling with this mkt of late

[09:16] {magoo} no follow thru

[09:16] {Threei} fern }:)

[09:16] {larisa} gm :)

[09:16] {magoo} dimes or death it seems

[09:17] {Threei} larisa :)

[09:17] {ese} laris

[09:17] {strider} Vad, now a read on FDX?:)

[09:18] {Threei} chart wise .40 break for short

[09:18] {Threei} but you see how thin it is?

[09:18] {strider} yeah

[09:18] {Threei} its move within its natural volatility can exceed its range width

[09:23] {dino} fdx, high 85s imo

[09:23] {magoo} your buddy farley thinks today is a climax day vad, a "oops there it was" day...and in breakout RALLY terms

[09:23] {dino} hog downgrade target 23, gs

[09:24] {nemo} rimm sitting at support

[09:24] {dino} gap around 84.60

[09:25] {Threei} mags, as in break and up from here?

[09:25] {dino} up

[09:25] {larisa} Alan thinks up because consolidating without selling for so long?

[09:27] {Threei} strider

[09:28] {Threei} see how untradable it is?

[09:28] {dino} dino, has no idea, will p;ay whats given to him

[09:28] {strider} yeah

[09:28] {Threei} OK guys

[09:28] {Threei} let's be a bit more mellow

[09:28] {Threei} holiday trading

[09:29] {Threei} no good comes out of pushing

[09:29] {Les} has begun today?

[09:29] {Threei} better sit, patiently wait for something easy to pass by

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {Threei} NVDA is trying again

[09:31] {Les} volume has returned to GLD upon most recent breakdown

[09:31] {magoo} watch FCX vad

[09:31] {strider} KRA IPO trading

[09:31] {dino} esrx getting some back

[09:32] {Threei} Long Setup: NVDA .10 break

[09:32] {magoo} in

[09:33] {ese} ndsn.....dino

[09:33] {fernp} stop under .17 , no?

[09:33] {Threei} yes

[09:33] {ese} 3.5 gap dn

[09:34] {dino} misses

[09:34] {Threei} .90 makes sense if you want to stay in for a longer move but I just can't bring myself to keep such wide stop

[09:34] {dino} gap around 50.20

[09:34] {Threei} not these pre-holiday days

[09:35] {magoo} WOW RIMM vad

[09:35] {Threei} wow is right

[09:35] {dino} ndsn, miss not too bad, guidance ok, imo

[09:35] {Threei} ok NVDA

[09:35] {Threei} now or never

[09:36] {Threei} aaalmost there

[09:36] {nemo} out 1:1

[09:36] {Threei} half out

[09:36] {fernp} ty

[09:36] {Threei} still want something more out of it

[09:36] {magoo} ,34 im thinking

[09:37] {Threei} thinking?... what a novel concept... I gotta try it some day

[09:37] {nemo} don't hurt yourself

[09:37] {Threei} I promise to be careful

[09:37] {ese} just lookin at that dino ...am thinkin the same thing

[09:37] {Threei} 2 hours of drinking per 1 minute of thinking

[09:37] {Threei} US) Senator Dodd: Reiterates he will vote in favor of re-nomination of Fed Chairman Bernanke

[09:37] {dino} esrx ballistic

[09:37] {ese} might try L sm at .50

[09:38] {Threei} offering 1/4 more NVDA just above .30

[09:39] {Threei} good girl

[09:39] {Threei} out 1/4 more .31

[09:39] {ese} bstop ndsn 54.50 sm

[09:40] {magoo} out NICE vad

[09:40] {magoo} .31

[09:40] {Threei} wtg

[09:41] {magoo} AONE vad

[09:41] {ese} esrx....whoever got in at 82.60.....good on em

[09:41] {Threei} AONE CEO: The JV with SAIC is a significant milestone - CNBC (20.00, +1.68, 9.17%)

[09:42] {Threei} 4:01:20 AM

[09:42] {Threei} A123Systems Forms JV with SAIC Motor to tap growing Chinese market for hybrid electric & pure electric vehicles

[09:42] {Threei} - Entering into a joint venture with SAIC Motor Co. Ltd, a leading automaker in China. The focus of the joint venture is to develop, manufacture and sell complete vehicle traction battery systems for use in hybrid electric and pure electric passenger vehicles and heavy duty truck and bus applications in the People's Republic of China, the largest and fastest growing automotive market in the world.

[09:42] {Threei} out NVDA in full

[09:42] {Threei} .44

[09:43] {Threei} +.32

[09:43] {Threei} surprizingly easy trade

[09:43] {Threei} (US) Senator Shelby: Opposes second term for Fed Chairman Bernanke

[09:43] {Les} FCX

[09:46] {ese} L ndsn .45

[09:46] {ese} wow great fill

[09:47] {nemo} what...you buy the whole float?

[09:48] {dino} gef, bunch of directors added shares 12-15, 54

[09:48] {ese} don't usually get filled lower than bstop

[09:48] {dino} kss coming into 2 month support

[09:48] {ese} ndsn stop to break even

[09:48] {ese} .45

[09:49] {dino} pot blood

[09:49] {dino} fdx hits high 85s

[09:50] {Les} fcx .90 b/d with .05 stop?

[09:50] {Threei} AONE...

[09:50] {Threei} trying to turn into momo

[09:50] {magoo} in

[09:51] {Threei} looks good les

[09:51] {Les} ty AONE took .10

[09:51] {magoo} 22

[09:51] {dino} stec es

[09:52] {ese} will check that out

[09:52] {nemo} aone looking weak

[09:53] {ese} that was bound to happen

[09:53] {Threei} FCX 1:1

[09:53] {Les} ty out

[09:53] {Threei} gj

[09:53] {Les} this is better than holiday shopping...

[09:53] {Threei} things become much clearer eh Les

[09:54] {ese} .15 spread on this ndsn.....makes it hard to sell it

[09:54] {dino} gj

[09:54] {dino} where you in?

[09:55] {ese} i'm thinkin it should make it above 55

[09:55] {ese} .45

[09:55] {dino} gj, i wanted re-test area, not in

[09:55] {dino} rino, maybe today gap fill

[09:56] {dino} lod's

[09:56] {nemo} fcx foring tight range

[09:56] {dino} whoosh down coming, gut says

[09:56] {ese} out ndsn .86 +.41

[09:57] {dino} wtg

[09:57] {dino} dji, -120 area

[09:57] {ese} ya look at it

[09:58] {Threei} dino's gut was right

[09:58] {dino} wow

[09:58] {dino} xmas cookies 3i, great insight

[09:58] {nemo} 1/2 out fcx .45 shrot from .70

[09:58] {Threei} got it, ty for the tip

[09:59] {dino} rino gap filled

[09:59] {Threei} great job nemo

[09:59] {Threei} wow... who would have thought I'd ever say that

[09:59] {ese} back in 10

[09:59] {dino} wtfg nemo

[09:59] {Threei} lol dino

[10:00] {Threei} I realize it's a fat finger case but what an appropriate insertion of f

[10:00] {dino} :)

[10:00] {Threei} *(US) NOV LEADING INDICATORS: 0.9% V 0.7%E

[10:00] {Threei} DEC PHILADELPHIA FED INDEX: 20.4 V 16E

[10:00] {fernp} FITB, ese

[10:01] {Threei} Treasury's Allison: Goal of TARP stakes was not to make money, govt wants to exit TARP as soon as possible

[10:01] {Threei} (US) Moody's changes outlook on US homebuilding industry to Stable from Negative

[10:01] {Threei} - suggesting that the bottom has been reached for the sector.

[10:01] {Threei} - Housing starts, new home sales and existing home sales are all showing positive trends

[10:01] {Threei} - home affordability is at its strongest in many years.

[10:01] {Threei} - Joseph Snider, Moody's Vice President - Senior Credit Officer, stated that the U.S. government's support for the sector remains a critical source of strength. A premature removal of government backing, Snider said, would put the industry's outlook at considerable risk of returning to negative

[10:04] {nemo} sorry too fast scalp for 30 on rimm

[10:05] {larisa} short?

[10:05] {nemo} yes

[10:06] {larisa} washed 63 stops powerfully

[10:06] {nemo} break of .40

[10:06] {Les} FCX

[10:08] {nemo} look to short at .44

[10:08] {nemo} fcx

[10:08] {nemo} cat break of .50 short

[10:08] {Les} already in. starting to think of it as daytrade

[10:10] {strider} long PAYX .09 stop .00

[10:11] {dino} gef sm l .25

[10:11] {dino} thin

[10:11] {Threei} wow... look at NVDA exit

[10:11] {Threei} 4 cents under day high

06[10:11] * nemo slaps Threei around a bit with a large piece of his dislocated right arm

[10:12] {Threei} what a wierd case of self-mutilation

[10:13] {nemo} well, you pat yourself on the back so often, it was just hanging by a thread anyway

[10:13] {dino} uthr

[10:14] {Threei} often?

[10:14] {Threei} this is first time today

[10:14] {Threei} which means I had an urge 5 times and resisted it 4

[10:15] {nemo} that's if I believe you

[10:15] {Threei} and btw,

[10:15] {Threei} I even complimented your trading

[10:15] {Threei} which took all my physical and mental strength

[10:16] {Threei} 09:59] {Threei} great job nemo

[10:16] {Threei} [09:59] {Threei} wow... who would have thought I'd ever say that

[10:16] {strider} long gef .24

[10:16] {nemo} missed it

[10:16] {Threei} of course

[10:16] {nemo} in payx, thanks strider

[10:16] {ese} back

[10:17] {strider} I'm offering at .20

[10:17] {fernp} out FITB +.10

[10:17] {Threei} strider... you realize that for all your complaining about fast stocks, you are picking quite thin ones to trade?

[10:17] {magoo} he prefers to be addressed STRIPPER vad

[10:17] {strider} in some cases, yes.

[10:17] {Threei} not that there is anything inherently wrong with that

[10:18] {Threei} just want to make sure you do it consciously

[10:18] {strider} out PAYX +.11

[10:18] {fernp} gj

[10:18] {Threei} mags, he can apply for nick change if so...

[10:18] {strider} yes....trying to find comfortable bottom entries.

[10:19] {dino} as a stripper should

[10:19] {Threei} rofl

[10:19] {dino} lol

[10:20] {nemo} see that bloc sell at .23 on payx 1000

[10:21] {magoo} u are comfortable with your bottom stripper?

[10:21] {fernp} BAC on lows

[10:21] {nemo} nice payx stripper

[10:22] {strider} not trading large enough t partial out on these, though.

[10:22] {dino} sm l kss .75

[10:22] {nemo} if payx gets through .37 look out

[10:23] {Les} WMT

[10:26] {ese} i'm gonna join you dino bstop kss .80 sm

[10:26] {nemo} stopped last payx .21

[10:26] {dino} es, your bstop is trigger?

[10:27] {ese} yes

[10:27] {dino} ok, i enter differently, my bstops are used on shorts

[10:28] {ese} it touched .80 i'm long .797

[10:28] {nemo} no tighty whiteys?

[10:28] {ese} decent fills on bstops

[10:29] {nemo} look at nvda now

[10:29] {Threei} beautiful

[10:29] {Threei} cristmas tree formation

[10:29] {dino} i see, never tried it

[10:29] {ese} nemo? what was that dollar tracking stock....or stocks?

[10:30] {dino} learn something every day

[10:30] {nemo} cat might be a short from hear on this pull back, next stop 57.10

[10:30] {Threei} UUP?

[10:30] {strider} bid holds at.30 GEF

[10:30] {strider} now up

[10:30] {dino} uup es

[10:30] {ese} tks....whats the other one.....i think there were 2

[10:30] {dino} 2x's

[10:31] {dino} udn

[10:31] {dino} 2x's short

[10:31] {strider} offer GEF .47

[10:31] {ese} tks

[10:31] {dino} i refer to the 2x and 3x as crack

[10:33] {nemo} that was interesting buying in payx

[10:35] {ese} stopped kss.65 -.15

[10:36] {Threei} AIG

[10:37] {Threei} 20 cents range between .40 and .60

[10:37] {strider} out GEF .38

[10:37] {strider} +.14

[10:37] {Threei} half lot play on range break looks plausible

[10:37] {Threei} wtg strider

[10:37] {Threei} finding your game step by step, eh

[10:38] {dino} gj strider, i'm still in, want .90s

[10:38] {strider} flying under the radar...not getting best yield..

[10:38] {Threei} well, does this week feel different from last one?

[10:38] {strider} yeah dino, my big problem right now is premature evacuation.

[10:39] {Threei} nemo, not a word

[10:39] {dino} trail hard stops

[10:39] {strider} absolutely, vad.........

[10:39] {Threei} great

[10:39] {strider} good idea, dino. I'll work on that.

[10:39] {dino} but is something catching your eye "(edge)?

[10:39] {Threei} means nexzt step is made

[10:39] {nemo} what?

[10:40] {Threei} means no mental block anymore that keeps you locked in repeating same thing that doesn't work

[10:40] {strider} things that weren't working last week are working better now.

[10:40] {larisa} lol

[10:40] {Threei} that's because it's different things

[10:40] {strider} I get in a funk if I start out with a loser.

[10:40] {dino} ahhh lari

[10:40] {strider} Haven't done that this week.

[10:40] {nemo} fcx short .30 break

[10:41] {Threei} les nailed a few good setups too

[10:41] {strider} yep.

[10:41] {strider} congrats Les

[10:41] {Threei} unthnkbale for him himself just a few short weeks ago {G}

[10:41] {Threei} and nemo, sheesh... I actually complimented his trading today... I am still shell shocked

[10:42] {dino} nemo is in the zone

[10:42] {nemo} glad I missed it....would have fallen off the chair

[10:42] {strider} need to wash your mouth out with soap, vad.

[10:42] {Threei} no kidding

[10:42] {magoo} better than a poke in the ass, oops, er um, EYE

[10:42] {nemo} vodka is just as good a disinfectant

[10:43] {nemo} JANITOR!

[10:43] {Threei} if it goes this way, during my week in Bahamas you'll find out you don't need me

[10:43] {strider} that's what I was thinking.

[10:43] {Threei} and upon return I find my room access withdrawn

[10:44] {dino} he's on to us

[10:44] {nemo} when you trade down there, you logging into the room?

[10:44] {strider} I'm still waiting for _notvad to show up.

[10:44] {dino} i smell a rat

[10:44] {Threei} lol

[10:44] {nemo} that's magoo next door dino

[10:45] {strider} nemo, what kind of humongous stop you put on FCX ?

[10:45] {nemo} haven't taken it yet but looks like .45

[10:46] {dino} ag's beat up, mon, mos, pot, etc

[10:47] {dino} rino sm l .83

[10:47] {dino} scanners solid green, fwiw

[10:50] {ilana} things seem still random today?

[10:50] {magoo} RIMM bounce

[10:51] {ese} nahhhhhhhhh ....for a brief moment there i was thinking about 5k of kry.........could it bee that i'm going temporarily insane

[10:51] {dino} indeed

[10:51] {magoo} mkts bouncing

[10:51] {Threei} opening was good ilana

[10:52] {Threei} Long Setup: WFC 26 break

[10:52] {dino} hmmm, i had the exact reverse impression ilana

[10:52] {Threei} if stays above .90

[10:52] {nemo} cat. .43 break if above .35

[10:54] {Threei} nemo, notice big offer there

[10:54] {nemo} volume not confirming yet

[10:54] {nemo} yep

[10:54] {Threei} amazing how often they coinside with chart resistance

[10:54] {nemo} frickin metaphuysical

[10:56] {Threei} WFC 1:1

[10:56] {fernp} ty

[10:57] {Threei} CAT 1:1

[10:57] {nemo} yep

[10:57] {Threei} frogs eradication

[10:59] {nemo} rimm interesting sitting on 200 period ma

[11:01] {nemo} took the scalp just above 1:1 lunchtime comes early

[11:02] {ilana} wake up, AIG

[11:02] {ese} it's been a while since we've had a really cool word......"metaphuysical".....i like it

[11:02] {nemo} ty

[11:03] {ese} your welcome

[11:04] {strider} PAYX

[11:04] {nemo} by the way, I took the scalp because cat hit a pivot resistance

[11:06] {strider} l PAYX .04, stop below 31.00

[11:10] {strider} spy heading south

[11:16] {strider} stop to b/e PAYX

[11:17] {Threei} ilana, you in AIG short?

[11:17] {ilana} no, why

[11:17] {ilana} in HIG .76

[11:18] {Threei} 11:02] {ilana} wake up, AIG

[11:18] {Threei} thought it meant you were in

[11:18] {ilana} i was

[11:18] {Threei} so wanted to provide some running comment

[11:18] {ilana} please, on HIG too

[11:19] {Threei} lol, I don't have any on HIG

[11:19] {ilana} out btw, don't like anymore

[11:20] {Threei} les fell asleep I guess

[11:20] {fernp} MS lod

[11:21] {ilana} what was the comment on AIG, Vad?

[11:22] {Threei} to trail stop to above .50

[11:22] {ilana} ok

[11:22] {nemo} sneaky volume increases in rimm over last 10 minutes

[11:23] {strider} stop oujt +.02 PAYX

[11:23] {ilana} to which direction, RIMM

[11:24] {nemo} which one of us dumbasses forgot to look at deck?

[11:24] {nemo} not sure ilan

[11:24] {nemo} ilana

[11:24] {nemo} having said that, a .20 spread- ALL DINO!

[11:24] {larisa} i did not, no volume though DECK

[11:25] {larisa} plus what you said

[11:26] {patience} .

[11:27] {ese} i knew you wern't away.......

[11:29] {patience} :)

[11:29] {strider} PAYX new lod

[11:29] {fernp} MS short .54 stop above .60

[11:29] {patience} i am waiting for a turn up in hgu...usually turns around 10:30 our time

[11:30] {strider} hgu?

[11:31] {strider} what is hgu

[11:31] {strider} ?

[11:33] {nemo} canadian gold stock or etf

[11:33] {Threei} Toronto exchange strider

[11:33] {strider} ah, that explains it.

[11:33] {strider} thx

[11:37] {Threei} (US) Senate Banking Committee votes to nominate Fed Chairman Bernake, full Senate vote on Bernanke soon

[11:37] {Threei} - Final vote: 16-7

[11:37] {fernp} 1:1 MS

[11:41] {strider} good trade, fern.

[11:42] {fernp} BYD lod interesting if breaks .50

[11:42] {fernp} ty strider

[11:43] {strider} at open, lod=.39

[11:44] {strider} but may not matter.

[11:44] {fernp} yeah, ignoring those few prints

[11:44] {dino} out gef .60, +.35

[11:45] {fernp} gj dino (as always)

[11:45] {dino} ty

[11:46] {dino} screwed up rino, had .60 on it

[11:46] {larisa} I think I 'll start my Christmas early. Merry Christmas and Happy New Year, guys. Good trading and be safe.

[11:47] {Threei} have a great holiday time larisa, Merry Christmas

[11:47] {fernp} happy holidays larisa

[11:47] {larisa} do not let market fall below 9K :)

[11:47] {strider} merry xmas larisa:)

[11:47] {patience} enjoy larisa

[11:48] {dino} have a wonderful xmas and new year larisa

[11:48] {larisa} patience, you help ilana to watch guys.. they need to learn to behave

[11:49] {patience} that's your job :)

[11:49] {larisa} nah :)

[11:50] {fernp} MU breaking .75

[11:50] {ilana} i lost last hope

[11:51] {dino} esrx quite the ride

[11:53] {Threei} you girls mean we msibehave??

[11:53] {nemo} shorn rimm .29

[11:58] {fernp} TXN also insteresting if breaks .25

[11:59] {magoo} so mch for that retard farleys callu

[12:00] {strider} haha

[12:00] {strider} what has happened now, mags?

[12:00] {patience} day isn't over yet magoo...and its options week

[12:01] {Threei} Senator Dodd: would be difficult to reimpose Glass-Steagall limits on banks as suggested by Senators McCain and Cantwell yesterday

[12:01] {Threei} why??

[12:01] {nemo} cost him votes from CT

[12:01] {Threei} that goes without saying

[12:01] {Threei} I just want to hear any opf them explaining why

[12:01] {fernp} BYD 1:1

[12:01] {Threei} him, Timmy

[12:13] {strider} AONE bear flag

[12:15] {nemo} amzn hit resistance at .73, might be forming a range here

[12:18] {nemo} huh...deck, shouldn't have taken my eye off it perfect short at 96.50

[12:20] {dino} out rino .33, +.50

[12:23] {Les} AWIAV?

[12:23] {nemo} coma

[12:27] {strider} ESRX

[12:28] {dino} i like it stride, trying to figure entry

[12:28] {strider} news vad? none here.

[12:28] {strider} no bad news anyway.

[12:28] {nemo} see if you can get .40,

[12:29] {strider} retracement from morning euphoria

[12:31] {nemo} do my eyes deceive me or is the relative volume on S&P500 over 200%

[12:31] {nemo} if so THAT'S distribution

[12:32] {dino} strider, was -4 yesterday

[12:32] {nemo} volume or point loss?

[12:33] {Threei} nothing on ESRX since 8 a,

[12:33] {Threei} am

[12:33] {ese} i'm outta here or today.....not doing much but watching see ya tomorrow

[12:33] {Threei} take care ese

[12:33] {strider} see ya, ese.

[12:34] {fernp} bye ese

[12:34] {Threei} 8:02:10 AM

[12:34] {Threei} Express Scripts Inc Study finds no association between anti-epileptic drug switches and increased seizure activity

[12:34] {Threei} - Results of a study that examined the association of seizure risk among epilepsy patients after switching between A-rated anti-epileptic drug formulations. The study found no evidence that switching between A-rated anti-epileptic drugs, including brand to generic substitution, was associated with increased emergency room visits or hospitalizations for epilepsy.

[12:34] {ese} cya guys and gals

[12:34] {patience} later ese :)

[12:34] {strider} so, no bad news is good new.

[12:34] {Threei} for canucks

[12:34] {Threei} CA) BoC's Carney: Pledge to keep rates on hold through mid 2010 is "conditional," policy will change if conditions change

[12:34] {Threei} - BoC believes the current rate plan is "most appropriate

[12:35] {Threei} no reaction by loonie

[12:35] {Threei} and actually loonie looks nicely bearish

[12:35] {Threei} thank godness

[12:40] {Threei} since larisa is not here, I'll abuse the analogy one more time and post this:

[12:40] {Threei} As long as you expect certain percentage of frogs to remain frogs rendering your kisses wasted - you don't consider every kiss not resulting in prince/princess appearance an error that can and should be eradicated. Thus you stay true to market reality - it's an odds game with no 100% certainty, thus no need to get stubborn and try to squeeze a princess out of each and every frog, thus stops are taken easily, losses are kept well under control and don't cause emotional disturbance.

[12:42] {Les} that's my problem - trying to continuously squeeze princesses from toads

[12:42] {strider} I don't know about this frog-kissing. I mean, I always heard they turned into princes. Too old to change my ways now.

[12:44] {strider} (NOTE to self: check gender of frog before kissing.)

[12:44] {Threei} I guess I am a reeloader...

[12:45] {Threei} I am waiting for someone else to deal with the frog, and then go for a princess if aforementioned appears

[12:45] {strider} OK. I vote for nemo.

[12:46] {strider} FDX selloff

[12:46] {fernp} TXN 1:1

[12:46] {Threei} fern knows no frogs today

[12:46] {fernp} :-)

[12:46] {strider} I know. Every rock he turns over has a princess under it.

[12:48] {strider} Lots of roses in Spanish Harlem.

[12:48] {fernp} lol

[12:49] {strider} care to read FDX one more time, vad?

[12:49] {Threei} not really

[12:49] {Threei} quick 50 cents drop

[12:49] {Threei} needs to do something here to form readable formation

[12:49] {ilana} AIG .25 break?

[12:50] {Threei} I hate the way it trades today

[12:50] {Threei} these sharp sudden moves both ways

[12:50] {ilana} what are the big offers mean?

[12:50] {Threei} usually a good indication of spike if broken

[12:51] {fernp} one mistake today: MU i didn't know it moves so slow.

[12:51] {fernp} It is doing nothing. I think I'm gonna close the trade here. with +.01

[12:51] {Threei} easy to see actually fern

[12:51] {Threei} look at its daily ranges

[12:52] {Threei} and how thick it is

[12:52] {fernp} y, true

[12:52] {Threei} rare days when it makes 50 cents range stand out like superstars

[12:53] {fernp} yeah. out MU .... I hate MU lol

[12:54] {Les} double bottom WMT?

[12:55] {Threei} not the kind I can trade

[12:55] {Les} ok

[12:55] {Threei} confirmation is 53 break, lol

[12:55] {Threei} Ilana, see what I mean about AIG?

[12:56] {ilana} you said spike

[12:56] {Threei} what the deuce was that... and during market upward move

[12:56] {ilana} spike down?

[12:56] {Threei} [12:50] {Threei} I hate the way it trades today

[12:56] {Threei} [12:50] {Threei} these sharp sudden moves both ways

[12:56] {Threei} this is what I refer to

[12:56] {ilana} ok

[12:56] {Threei} normally those breaks of big offers lead to spike up

[12:57] {patience} back in hgu

[12:57] {Threei} but the way this thing trades today, I just have no grip on it

[12:57] {ilana} i see

[12:58] {strider} GLD bear flag, best seen on 5min.

[12:59] {patience} don't say that, mortgage payment is tomorrow strider

[12:59] {strider} obviously, I was mistaken.

[13:00] {Threei} look at 1 min strider

[13:00] {Threei} double bottom, uptrend ever since, ascending triangle

[13:00] {Threei} break of triangle's flat top at .50

[13:00] {strider} yep. see that, too.

[13:01] {strider} not an impressive climb from the bottom , though.

[13:01] {Threei} well, it's in general downtrend

[13:01] {Threei} look at daily

[13:01] {strider} yeah

[13:02] {dino} fdx gap filled from mid nov.

[13:02] {Threei} goldbugs always hate my guts... but, gold is so dead

[13:02] {patience} on the way down,it still has relief jumps...i like those because they are steady trades for scalps

[13:02] {Threei} of course...

[13:02] {strider} But breeak of 5min. trend would be at about break of 1 min. support at 10:50. No?

[13:03] {Threei} and before dying eventually, will probably make one last rally

[13:03] {Threei} luring in believers

[13:03] {strider} about .30

[13:03] {Threei} then USD will rally like there is no tomorrow, and gold bubble will burst

[13:04] {patience} andwhen usd has momo up, iwill play it

[13:05] {Threei} oil story will repeat itself to a T... but of course "this time will be different"

[13:05] {dino} fwiw watching; ndsn, fdx, rino, gef, esrx, ebix

[13:06] {dino} i see we hit the -125 gut saw

[13:11] {dino} pbm tax considered in senate, w/heathplan proposal

[13:11] {dino} that explains esrx

[13:13] {dino} gef lod

[13:14] {Les} WDC?

[13:15] {dino} raised to outperform

[13:15] {Threei} US) Fed's Fisher: Has not seen any inflation data that "ruffles my hawkish feathers," sees Q4 GDP +3-4%

[13:15] {Threei} - Believes inflation remains mild

[13:20] {strider} long FDX .69

[13:23] {strider} stopped .58

[13:24] {dino} imo strider, watch the dji for the trigger on fdx

[13:25] {strider} k. thx.

[13:25] {strider} was trying to buy low side of consolidation.

[13:26] {dino} on these big(?) down days, i sit, wait for market to tell me

[13:26] {ilana} tell us what it says

[13:27] {Threei} he can't

[13:27] {strider} I would probably have been ok with wider stop. but not willing to take it.

[13:27] {dino} right now it says "sit"

[13:27] {Threei} it''s pure swearing, no single decent word

[13:27] {dino} break of 10345, possibly up

[13:28] {dino} other way is to hit bottoms

[13:28] {dino} but that is just me

[13:31] {dino} i see a lot of support levels holding well

[13:32] {dino} fdx getting interesting

[13:34] {nemo} pru could be interesting break of .08

[13:34] {dino} been watching met off it

[13:35] {dino} seeing gef, rino, kss holding lows well

[13:35] {nemo} frickin rim

[13:35] {nemo} rimm

[13:39] {strider} dcc trev

[13:40] {dino} osk

[13:40] {Threei} no news here

[13:40] {dino} gao confirms oask wins

[13:41] {Threei} OSK GAO Decision Affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings and Nearly All Other Protestor Complaints

[13:44] {dino} way i read it, still 60 days to accept or decline gao decision

[13:44] {dino} so, politics comes into play

[13:46] {fernp} TXN hit my 1:1 and bounced from there all the way back. I guess I got lucky :-)

[13:46] {dino} gj

[13:46] {fernp} ty

[13:48] {nemo} short cat .29

[13:48] {nemo} stop .37

[13:55] {nemo} stopped

[14:00] {dino} gef hl l .30

[14:01] {lasertrev} Strider got it

[14:05] {dino} esrx one crazy ride

[14:11] {nemo} whaddya' think dino .25 on esrx?

[14:11] {Threei} who thinks BAC .10 break deserves a short?

[14:12] {nemo} too obvious

[14:12] {dino} i don't like it up here

[14:12] {nemo} oh, I thought you were in it

[14:13] {dino} no, walked away and she got legs

[14:13] {nemo} zztop

[14:13] {dino} lol

[14:13] {nemo} great video

[14:16] {fernp} BAC on lows and WFC on highs

[14:19] {fernp} shorting BAC here

[14:20] {strider} trev, dcc

[14:21] {Les} http://miburl.com/WHjmqVU

[14:21] {Les} Russian's preparing for war Vad. Stocking up on essential items

[14:22] {fernp} lol

[14:22] {patience} good beer

[14:23] {Threei} no leader ever survived over there attempt to cut alcohol consumption

[14:23] {Threei} nor succeeded in the slightest in doing so

[14:26] {Threei} General Motors Corp Treasury Official: Expects GM to make a "reasonable effort" to have an IPO by mid 2010

[14:26] {Threei} - Does not know whether July 2010 would be an appropriate time for an IPO or not.

[14:26] {Threei} ***Reminder: On 12/15 GM Chairman Whitacre said he plns to repay govt funds by the end of June (GM's current TARP funds approx $20.64B)

[14:30] {Threei} BAC 1:1

[14:30] {fernp} 1:1 BAC

[14:30] {fernp} i need days like this oftener

[14:30] {Threei} rather than seldomer?

[14:31] {dino} wtg fern

[14:31] {fernp} "oftener" word is correct?

[14:31] {nemo} more often

[14:32] {fernp} i knew

[14:32] {fernp} ty dino

[14:33] {Threei} I like oftener

[14:33] {Threei} I also like bester, worser

[14:33] {Threei} badder

[14:33] {Threei} overboughter and oversolder

[14:34] {Threei} don't listen to them fern

[14:36] {Les} you spanish fern?

[14:36] {nemo} funny spanish fern

[14:36] {fernp} no problem Vad. they speak english better than me

[14:36] {fernp} yes, spanish

[14:36] {nemo} isn't there a vegitation "spanish fern"

[14:37] {Les} ok, can't be too sure. From what I hear a lot of southern Spain is now English...

[14:38] {Les} NVDA looking for green

[14:41] {fernp} PETM hod and daily interesting

[14:46] {Threei} BAC 1:2

[14:46] {Threei} and accelerating

[14:47] {fernp} yeah, losing 15, BAC looks very bearish

[14:48] {fernp} on daily i mean

[14:55] {Threei} F North American President: reiterates 12.5M SAAR sales forecast - CNBC

[14:55] {Threei} - have seen some imporvement at the retail level

[14:56] {Les} SNDK

[14:58] {magoo} CECO vad news

[15:02] {Threei} CECO Weakness attributed to chatter that the Office of the Inspector General (OIG) has sent a letter to the Dept of Education proposing stripping accredation authority of the Higher Learning Commission (HLC) (26.00, -2.35, -8.29%) (related COCO ESI DV STRA )

[15:04] {Les} damn it mags, did you do that to CECO?

[15:05] {Les} I wasn't fast enough by half

[15:11] {nemo} gotta' go cu2morow

[15:12] {Threei} take care nemo

[15:12] {Les} no you won't

[15:12] {nemo} small blessing

[15:12] {Les} actually no it's not saturday tomorrow, so yes you will

[15:14] {Threei} BAC unhinged

[15:17] {dino} rino sm l .95

[15:21] {Threei} CECO Higher Learning Commission (HLC): Aware of report out of the DoE's Office of the Inspector General, preparing a response shortly (25.05, -3.30, -11.64%)

[15:22] {Threei} solunds like admissions that report is true

[15:22] {Threei} you don't need to "prepare a response" if it's not, takes all of 5 seconds to say there is nothing going on

[15:24] {Threei} the reference link for the report is here: http://www.ed.gov/about/offices/list/oig/auditreports/AlertMemorandums/l13j0006.pdf

[15:25] {Threei} yup

[15:25] {Threei} look how it drops when the link appeared in news update

[15:25] {dino} esi, apol too

[15:26] {Threei} and COCO

[15:28] {Threei} old joke about trajectory of a missile being curved, meaning that you can shoot from around the corner if you put a gun on its side is not a joke anymore

[15:28] {Threei} see reports about XM-25?

[15:28] {Les} hmm?

[15:28] {Threei} new gun in testing

[15:29] {Threei} extremely sophisticated

[15:29] {Les} Israeli's have had shotgun with camera that shoots round corners for a while

[15:30] {Les} http://www.breitbart.tv/?p=14224

[15:30] {Les} ok its that weapon

[15:32] {Les} looking for bounce in CECO but impossible to tell

[15:33] {dino} out gef .52, +.22

[15:33] {Threei} http://www.army.mil/-news/2009/11/10/30147-army-testing-xm-25-smart-high-explosive-weapon-for-soldiers/

[15:35] {Les} interesting. cover from fire is no longer the case with such a weapon.

[15:35] {Threei} right

[15:45] {Threei} what a murder, CECO

[15:45] {fernp} woow

[15:45] {Les} wish I knew how to play it

[15:45] {Threei} as impressive as it looks on intraday, just have a look at daily for a gasp

[15:46] {Les} cool

[15:47] {fernp} a lot of news CECO today

[15:48] {Les} allright bed is looking better than this market. night all.

[15:48] {fernp} DELL strong

[15:50] {dino} gn les

[15:50] {fernp} go to the bank :-) Good evening everybody. see you tomorrow

[15:52] {Threei} take care les, fern

[15:54] {Threei} interesting day

[15:54] {Threei} quite mellow but very nicely profitable

[15:54] {Threei} thank you all, have a nice evening

[15:54] {Threei} see you tomorrow

[15:54] {dino} gj fern, cya

[15:55] {patience} see you vad, one trade for me today....some days you just sit and wait

[15:55] {Threei} as long as it's winning trade...

[15:56] {patience} remains to be seen, stop hasn't been hit yet

[15:56] {dino} ndx, s/p gaps filled from 12-09

[15:58] {dino} out rino .99, +.04

[15:59] {dino} thx all ok day

[16:02] {Threei} ORCL Reports Q2 $0.39 v $0.36e, R$5.9B v $5.7Be

[16:06] {Threei} RIMM Reports Q3 $1.10 v $1.04e, R$3.92B v $3.8Be

[16:11] {Threei} mags, got any of them?

[16:11] {Threei} your style moves

Dec 16 2009

FOMC day didn't bring tradeable environment - no follow through on most setup. A few trades worked but frogs albeit small were a few too many.

Session Time: Wed Dec 16 00:00:00 2009

[08:30] {Threei} *(US) NOV CONSUMER PRICE INDEX M/M: 0.4% V 0.4%E;

[08:30] {Threei} US) Q3 CURRENT ACCOUNT BALANCE: -$108.0B V -$107.5BE

[08:30] {Threei} *(US) NOV HOUSING STARTS: 574K V 574KE; BUILDING PERMITS: 584K V 570KE

[08:44] {magoo} morn

[08:44] {Threei} mags :)

[08:46] {magoo} got anything?

[08:46] {Threei} nothing really oustanding

[08:47] {Threei} keeping AET on watch

[08:58] {fernp} Good morning everybody

[08:58] {Threei} fern :)

[09:14] {dino} gm all

[09:16] {ese} watching anything in particular vad......aet for one i can see

[09:16] {Threei} dino :)

[09:16] {larisa} gm all :)

[09:16] {Threei} larisa :)

[09:16] {nemo} lari :)

[09:16] {Threei} not really, nothing outstanding

[09:16] {ese} dino laris

[09:16] {larisa} :)

[09:16] {Les} howdy folks :)

[09:17] {Threei} les :)

[09:17] {Les} too much to drink last night. forgive me if i ask you to slow down the trades today vad so I can cope

[09:18] {nemo} Take a powder Les and hit the pine.

[09:18] {Les} JOYG showing nice range premarket

[09:19] {nemo} not bad volume either

[09:20] {Threei} IA) White House: Iran missile test makes the case that nuclear program is not peaceful

[09:20] {Threei} - this echoes a comment from the UK PM earlier today

[09:20] {nemo} yeah, and they're not going to do anything about it

[09:20] {dino} shocking

[09:20] {Threei} Reportedly an announcement on Basel II rules expected tomorrow - unconfirmed report

[09:20] {Threei} - Old banking rules will still apply for a period of time after application of Basel II

[09:21] {Threei} hmmm

[09:24] {ese} nvda

[09:25] {Les} it's FOMC day again. what time?

[09:25] {Threei} Intel Corp FTC Challenges Intel's Dominance of Worldwide Microprocessor Markets

[09:25] {Threei} - Intel Corp sued by FTC, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly.

[09:25] {Threei} - FTC alleges that Intel has waged a systematic campaign to shut out rivals' competing microchips by cutting off their access to the marketplace. In the process, Intel deprived consumers of choice and innovation in the microchips that comprise the computers' central processing unit, or CPU. These chips are critical components that often are referred to as the "brains" of a computer.

[09:25] {Threei} - According to the FTC complaint, Intel's anticompetitive tactics were designed to put the brakes on superior competitive products that threatened its monopoly in the CPU microchip market. Over the last decade, this strategy has succeeded in maintaining the Intel monopoly at the expense of consumers, who have been denied access to potentially superior, non-Intel CPU chips and lower prices, the complaint states.

[09:26] {Threei} In addition, allegedly, Intel secretly redesigned key software, known as a compiler, in a way that deliberately stunted the performance of competitors' CPU chips. Intel told its customers and the public that software performed better on Intel CPUs than on competitors'

[09:26] {magoo} WFC vad

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:27] {ese} some hefty charges there

[09:27] {ese} trev

[09:27] {Les} see the selling volume on NVDA at .50...

[09:27] {magoo} news WFC vad

[09:28] {nemo} rimm looking toppy

[09:28] {magoo} does RIMM report tomorrow after bell anyone?

[09:28] {Les} someone scaring buyers into selling NVDA?

[09:29] {Les} big selling volume followed by rapid collapse?

[09:29] {Les} collapse in price

[09:29] {dino} they alwats do es, about the 20th time

[09:29] {Threei} 14:15 FOMC rate decision Les

[09:30] {Les} ta

[09:30] {magoo} wow ACHN'

[09:31] {Threei} Long Setup: NVDA .20 break

[09:31] {Threei} if stays above .10

[09:31] {Threei} Long Setup: WFC .05

[09:32] {Threei} if stays above .95 for scsalpers, .90 for dsay traders

[09:33] {magoo} in nvda

[09:33] {ese} l nvda .24

[09:34] {dino} ebix

[09:34] {magoo} BBY jsus

[09:35] {Threei} NVDA 1:1

[09:35] {fernp} ty

[09:35] {ese} out 1/2 .32

[09:35] {Threei} 1:2

[09:36] {ese} out full .40

[09:36] {Threei} me too

[09:36] {ese} tks vad

[09:36] {Threei} sure thing

[09:36] {Threei} WFC frog

[09:36] {nemo} ribbbbit

[09:37] {Les} we let it drop a little before trying?

[09:37] {Les} trying again

[09:37] {Threei} it either forms setup or not

[09:38] {fernp} out WFC

[09:38] {nemo} wfc at support

[09:38] {Les} ah right. sorry, i t's not a capitulation play

[09:39] {dino} \meli hl l .05

[09:40] {magoo} out .47 NVDA ty

[09:41] {ese} good ob mags

[09:41] {ese} job

[09:41] {ese} nahhhh that was a good ob

[09:42] {Les} INTC dropping

[09:43] {Les} JOYG approaching short or bounce status

[09:44] {nemo} bby

[09:45] {magoo} ok reloaded nvda .50 out here .63

[09:45] {magoo} ty vad

[09:45] {Threei} nice

[09:45] {magoo} in bby .25

[09:46] {fernp} HIG breaking hod

[09:47] {magoo} ADBE strength

[09:48] {magoo} 'not liking BBY

[09:48] {nemo} looking o.k. mags

[09:49] {nemo} where's stop?

[09:49] {magoo} .98

[09:49] {nemo} wow, you got room

[09:49] {magoo} half lot

[09:50] {magoo} add if gets moving

[09:50] {Threei} Long Setup: AIG 29 break if stays above 20.90

[09:50] {nemo} volume support mags

[09:50] {dino} gef, deck

[09:50] {dino} deck bottomed around 94.25 yesterday

[09:50] {dino} gef bit thin

[09:53] {dino} gef sm l .40 wide thin

[09:53] {Threei} no go AIG

[09:53] {fernp} sigh

[09:57] {ese} dino....you get anything gapping up/dn } 2.00

[09:58] {dino} amed

[09:58] {Threei} finally BBY

[09:58] {ese} amed

[09:58] {ese} opps you said that

[09:58] {dino} auxl

[09:58] {ese} tks

[09:58] {dino} fgxi

[09:58] {dino} tam, air, db

[09:59] {dino} how's that to start

[09:59] {ese} anything of interest

[10:00] {dino} working gef, meli, both destroyed yesterday

[10:00] {ese} amed would have a good one......my scanners didn't pick it up

[10:01] {dino} china's not moving much, snda, pwrd

[10:01] {dino} pru spike

[10:02] {Threei} HIG should follow I'd think

[10:03] {Threei} Senator McCain and Cantwell propose reimposing Glass-Steagall Act

[10:03] {Threei} RIMM looks determined

[10:04] {dino} deck lod again

[10:05] {Les} FCX

[10:06] {nemo} yesterday's high .85

[10:07] {Threei} ***Note that the Glass-Steagall Act was passed in the wake of the Great Depression and introduced the separation of bank types according to business (commercial and investment banking), among other stipulations. This aspect of the act was repealled in 1999, a move that has been widely blamed for causing the current financial crisis.

[10:08] {dino} meli stopped -.30

[10:08] {dino} -.35

[10:09] {nemo} fcx dropped off the high from yesterday

[10:09] {magoo} we need to follow that fcx more

[10:10] {magoo} better range than rimm

[10:10] {Threei} anyone tried HIG?

[10:10] {nemo} was there a call?

[10:10] {nemo} missed it

[10:10] {Threei} no

[10:11] {magoo} just a wink wink

[10:11] {Threei} was a comment on HIG likely to follow PRU, and it was at the break level

[10:11] {dino} deck sm l .95

[10:11] {nemo} missed it

[10:11] {fernp} me Vad

[10:11] {fernp} im long from .11

[10:11] {fernp} HIG

[10:11] {Threei} :)

[10:11] {nemo} Mags, if FCX can hold above .85 should go to 80.60

[10:12] {magoo} out BBY here .56

[10:12] {Threei} wtg

[10:12] {magoo} really wanted 42 SIGH

[10:12] {dino} cedc luv

[10:12] {ese} ever have those periods where everything you look it just doesn't feel firght

[10:12] {ese} right

[10:12] {nemo} yeah, marriage

[10:13] {dino} lots of days es. thats why i start slow

[10:13] {dino} sit back and wait for your pitch

[10:13] {magoo} have a happy p'...d lol

[10:13] {dino} no worries

[10:13] {dino} lots of time

[10:13] {nemo} watch for cat short break of

[10:13] {nemo} damn

[10:13] {nemo} .63

[10:14] {ese} yup.......will heed that advice

[10:14] {nemo} boy, does that frost my behind

[10:15] {Threei} that would be a short of the day

[10:15] {nemo} Next time I take it first, then alert

[10:16] {fernp} COH breakout. Vad?

[10:16] {Threei} not really delighted

[10:16] {fernp} thanks

[10:17] {Les} WFC

[10:18] {ese} the day the world stood still.......my scanners not moving

[10:18] {nemo} that movie sucke

[10:18] {nemo} sucke

[10:18] {nemo} sucked

[10:18] {nemo} frickin "D" key

[10:18] {fernp} LOW on lows

[10:18] {ese} lol

[10:19] {magoo} yea..i didnt get the ending at all

[10:19] {nemo} it was a global warming movie

[10:19] {nemo} or climate chnge

[10:19] {magoo} workld destroyed..only 2 humans left i guess

[10:20] {nemo} adam and eve

[10:21] {Les} Avatar looks like cool movie to see this weekend

[10:22] {magoo} my son and i luv the cartoon avatatr

[10:22] {nemo} mmmhhhh

[10:23] {dino} deck stopped

[10:23] {dino} fds

[10:23] {fernp} BRCM hod

[10:24] {Threei} US) Senate Aide: Re-confirmation of Fed's Bernake could be put off until Jan

[10:24] {Threei} as if

[10:24] {nemo} amzn coughed up a furball, missed that one

[10:25] {Threei} look in the future:

[10:25] {Threei} STMicroelectronics NV Unveils High-Performance System-on-Chip for Next Generation of Integrated Broadcast and Broadband-Internet Digital TVs

[10:25] {Threei} - Announced the launch of a new generation of high-performance, full high-definition (FHD) H.264/MPEG System-on-Chip (SoC) ICs for the worldwide flat-panel digital TV (DTV) market. Next-generation TVs powered by the new SoCs will enable compelling services and new business models for premium content, and deliver a rich and intuitive user experience.

[10:26] {nemo} rimm could be a short break of .67

[10:26] {dino} amed lod

[10:26] {Les} Vad, what I want is 3D tv in the house. you can keep the "compelling services" :)

[10:28] {Les} watching WFC for retest of low

[10:28] {dino} fds sm l .00

[10:28] {Threei} out of three possible answers I reviewed none can be posted in other than very adult room

[10:28] {Threei} so I'll refrain

[10:29] {Les} oh. perhaps your compelling services are different than mine...

[10:29] {dino} lol

[10:29] {Threei} Short Setup: CAT .43 break

[10:29] {Threei} if stays under .50

[10:30] {magoo} shorting CAT is unamerican

[10:30] {magoo} that said.IN

[10:30] {Threei} *DOE CRUDE: -3.69M V -2ME

[10:30] {nemo} it invalimudated mags

[10:30] {Threei} really

[10:30] {dino} gut says up

[10:30] {fernp} stopped

[10:30] {ilana} HIG is happy today

[10:31] {Threei} GASOLINE: +879K V +1ME

[10:33] {Les} JOYG

[10:33] {fernp} out BRCM +.12

[10:34] {Threei} Intel Corp Comments on FTC

[10:34] {Threei} - States: has competed fairly and lawfully. Its actions have benefitted consumers. The highly competitive microprocessor industry, of which Intel is a key part, has kept innovation robust and prices declining at a faster rate than any other industry. FTCs case is misguided. It is based largely on claims that the FTC added at the last minute and has not investigated. In addition, it is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct. These new rules would harm consumers by reducing innovation and raising prices

[10:35] {Threei} you out HIG fern?

[10:36] {fernp} yeah, at 1:1

[10:36] {Threei} oh OK

[10:36] {Threei} PRU double topped so I wanted to give a warning

[10:37] {ilana} HIG is PRU's follower?

[10:37] {nemo} fcx short .59 stop .80

[10:37] {nemo} ?

[10:37] {Threei} they are in the same sector

[10:37] {Threei} MET, PRU, HIG

[10:37] {ilana} ok

[10:37] {Threei} not necessary follows per se

[10:38] {Threei} but today there is some correlation

[10:38] {nemo} nice if pullback to .70 and then drop

[10:38] {magoo} AWIAV?

[10:38] {Threei} chart wise yes nemo

[10:38] {Threei} how follow through works today, not sure

[10:38] {Threei} we are nearing FOMC

[10:38] {nemo} yeah, been sticky

[10:39] {Threei} amd it's usually dead time

[10:39] {Les} got lucky once shorting fcx Nemo, but it didn't go down easily

[10:39] {nemo} we'll leave that one alone

[10:41] {dino} amed bloody hell

[10:42] {Threei} Short Setup: MET .10 break

[10:42] {dino} es, we need to figure that one out

[10:42] {Threei} if stays below .15 for scalpers

[10:42] {Threei} obviously .20 for day traders

[10:44] {fernp} sheesh, we shorted a double bottom on CAT

[10:45] {Threei} what do they say about hindsight

[10:45] {Les} .95 break of wfc?

[10:45] {dino} fds to .30

[10:45] {dino} out fds +.30

[10:46] {Threei} if holding .85, could be, WFC

[10:46] {Threei} not too jazzed about it

[10:48] {magoo} news AMZN vad?

[10:49] {Threei} 10:22:10 AM

[10:49] {Threei} Amazon.com Inc Recent weakness being attributed to vague chatter of a cautious analyst call

[10:49] {Threei} - hearing the note takes a cautious stance based on results from BBY yesterday.

[10:49] {Threei} - follow up 10:38ET: Goldman analyst note says that the "Best Buy gross margins highlight an Amazon risk...yet despite Best Buys discouraging precedent, we remain comfortable with our Amazon estimates and positive view." Maintains Buy rating and $146 price target.

[10:50] {Threei} daily screams short

[10:50] {dino} deck double bottom?

[10:51] {Threei} rather feels breakdownish to me

[10:52] {tomg} which stock vad?

[10:52] {Threei} SWCK

[10:52] {Threei} DECK

[10:52] {dino} ty

[10:52] {tomg} ty

[10:53] {magoo} r u kidding

[10:53] {magoo} lol typing

[10:53] {nemo} .15 spread, nice

[10:53] {nemo} fcx

[10:53] {nemo} sorry

[10:54] {dino} amed .25 sm l trig

[10:54] {Threei} why kidding?

[10:55] {dino} lost me

[10:55] {Threei} talking to magoo

[10:55] {ilana} PRU went up...

[10:57] {dino} amed taunting me

[10:57] {dino} like the dreaded double dog dare

[10:57] {Threei} lol

[10:57] {dino} xmas story

[10:58] {nemo} "must be italian"

[10:58] {dino} lol

[10:58] {Threei} AMED news is pretty ominous

[10:58] {dino} all i see is voted in top ten for 10

[10:58] {Threei} Amedisys Inc Hearing early weakness attributed to cautious comments at Pali research

[10:58] {Threei} - Firm believes AMED is being impacted by fraud concerns based on Health and Human Services expanding their anti-fraud joint effort with the Justice Dept to Baton Rouge, LA where AMED is based.

[10:59] {dino} thx

[10:59] {nemo} that spread

[10:59] {Threei} MET 1:1 for scalpers

[10:59] {Les} why ominous. sounds like whole US economy vad, not just AMED?

[10:59] {fernp} half out :-)

[11:00] {larisa} sigh

[11:00] {ilana} hmmm

[11:00] {dino} mmmh

[11:00] {larisa} lol

[11:01] {ilana} was expecting more from met

[11:02] {nemo} bernanke

[11:02] {nemo} aapl interesting

[11:03] {nemo} 200 ma @.50

[11:04] {nemo} so isn't support from this morning

[11:04] {Threei} SEC votes 4-1 to approve expanding corporate compensation policy disclosures (related XLF )

[11:05] {Les} out flat MET rude stock

[11:05] {Threei} hmm?

[11:06] {Threei} were you in for a scalpo or a day trade?

[11:06] {nemo} it's fern

[11:06] {nemo} sorry, oy vay

[11:06] {Threei} sigh

[11:06] {Les} day. need to be someone else

[11:06] {Threei} ok, I am lost

[11:06] {Les} somewhere else

[11:07] {dino} be me

[11:07] {Threei} lol

[11:07] {Threei} if scalp - it worked, if day trade - it's still there

[11:09] {fernp} stop now could be .16 for everyone, Vad?

[11:09] {Threei} I think so

[11:09] {Threei} the closer to FOMC the more random things are

[11:09] {fernp} thanks

[11:10] {nemo} rimm

[11:10] {dino} ebix chart nice

[11:11] {dino} esrx drop

[11:13] {dino} gef to .87 slow one

[11:17] {fernp} SPY C&H and inverted HS

[11:18] {Threei} sheesh RIMM

[11:19] {dino} out gef ave .85, +.45

[11:19] {fernp} gj dino

[11:20] {dino} ty

[11:20] {dino} meli last try hl l .00

[11:20] {fernp} MS, Vad?

[11:22] {Threei} worth a try

[11:22] {nemo} amzn showing bear flag

[11:23] {Threei} RU) Russian Duma reportedly approves law that may limit expansion of retailers starting Feb 1, 2010

[11:23] {Threei} why would they want to do that?

[11:23] {Les} so they don't become too big to fail?

[11:23] {Threei} retailers??

[11:23] {Les} :D

[11:23] {dino} retailers? sounds like atlas shrugged

[11:24] {Les} sorry. tired today

[11:24] {dino} :0

[11:24] {fernp} stop under .20 or under .15?

[11:24] {fernp} MS

[11:24] {Threei} depends on your objective

[11:24] {Threei} both are valid

[11:25] {fernp} out here .32 +.06

[11:26] {Threei} mags, admin asked you to check your e-mail

[11:26] {magoo} ok

[11:27] {Threei} looking at BCRM's daily, who would have though this morning it was buy and hold

[11:27] {Threei} BRCM

[11:28] {Threei} whole semi sector is incredibly strong today

[11:28] {Threei} well, with understandable exception of INTC

[11:29] {Les} double top WFC?

[11:30] {Threei} hmm?

[11:30] {Threei} where are the tops?

[11:31] {Les} opening ticks don't count?

[11:31] {Threei} that topped out at 26.30

[11:32] {Threei} a lot of things happened since then, now one of uoptrending ticks topped at .10

[11:32] {Threei} and retreated just 10 cents

[11:32] {magoo} RIOMM recent high 66.50

[11:32] {Threei} whatever you do on Rorshasch tests, this is hard to interprete as double top

[11:32] {magoo} looks like 66 in the cards

[11:32] {Les} ok freestockcharts shows opening ticks at .10

[11:33] {magoo} thats why its free

[11:33] {Les} yeh

[11:33] {Les} faster for flipping thru charts. why I continue to use it.

[11:35] {nemo} fcx has gone rimm

[11:37] {Les} what does shrink test have to say about WMT double bottom?

[11:39] {fernp} WMT seems like a good breakdown play, Les

[11:39] {Les} yeh realised double bottom not confirmed

[11:40] {fernp} too slow movement to lod = distribution

[11:42] {Threei} Larry King today should be a blast

[11:42] {Threei} barney Frank vs Ron Paul

[11:42] {Les} what is it, celebrity knock out match?

[11:43] {magoo} vad, keep eyue on RIMM ok

[11:44] {Threei} feels reversed to me mags

[11:44] {magoo} btw, there was a heck of alot of buying on 26 so that was wfc hold

[11:45] {magoo} millions level 2 26

[11:45] {dino} rino wants that gap

[11:50] {ilana} PRU inv. C&H?

[11:50] {Threei} just consolidation

[11:51] {Threei} have to squint to make C&H out of it... but possible

[11:53] {Threei} Short Setup: RIMM .40 break

[11:53] {Threei} if stays under .50

[11:53] {Threei} .55 for those who want a big move

[11:54] {Threei} what a weird explanation

[11:54] {Threei} Traders are buying in the wake of yesterday's difficult US session and this afternoon's FOMC announcement.

[11:54] {Threei} traders are buying?

[11:54] {Threei} from who?

[11:55] {dino} other traders

[11:55] {Threei} right

[11:55] {Threei} so... traders are buying makes just as much sense as traders are selling

[11:55] {dino} right

[11:55] {larisa} they mean market is up, so more buying than selling

[11:55] {Les} short WMT at .77

[11:55] {dino} no, every buy has a sell

[11:55] {Threei} how can there be more buying than selling? :)

[11:56] {Threei} RIMM invalidated

[11:56] {larisa} you want them to say : traders are demanding more ? :)

[11:57] {Threei} well, it's not a layman service... it's a trading service

[11:57] {Threei} I expect them to say things that make sense for traders

[11:57] {dino} i mute them larisa, music on. they know nothing

[11:57] {Threei} community paper can say that

[11:57] {Threei} pensioners read it while walk their dogs in the park

[11:58] {larisa} same here, not sure why vad is reacting to this :) must be bored

[11:58] {Threei} I am, lol

[11:58] {Threei} that was a quote form market update, not cnbc

[11:59] {dino} ebix to .68

[11:59] {larisa} so when you say in here : RIMM is selling.. it does not make sense too, caz someone is buying :)

[12:00] {dino} tighten ebix

[12:00] {Threei} not really

[12:00] {Threei} stock is selling equals to price is dropping... if I said traders are selling RIMM{ then yes, you could call me an idiot

[12:00] {dino} well, w/selling larisa, there still are naked shorts

[12:00] {Threei} as it stands, I'd strongly object

[12:01] {dino} out ebix .72, +.42

[12:01] {larisa} lol

[12:01] {larisa} gj dino

[12:01] {dino} ty, but i was serious on the shorts

[12:01] {larisa} put EBIX on my screen and took it away in a minute :)

[12:01] {dino} bad girl

[12:02] {larisa} :)

[12:02] {dino} dbrn spike

[12:02] {Threei} I dislike the name of this stock

[12:02] {dino} raises guidance

[12:03] {ese} watch watch watch watch watch watch watch......watch watch........watch watch.......(hum that to camptown races}

[12:03] {dino} darn rino, did not go to gap

[12:04] {Threei} I want what ese is smoking

[12:04] {Threei} must be a good stuff

[12:04] {ese} fuuuuuuuuuuuuuuuuuuuuu..................ahhhhhhhhhhhh ffffuuuuuuuuuuuuuuuuu..............ahhhhhhhhhhhh

[12:05] {Threei} fantastic stuff

[12:05] {ese} indeed

[12:05] {dino} just say no to drugs

[12:06] {ese} rotflol

[12:06] {nemo} and alcohol?

[12:06] {ilana} don't smoke and trade

[12:06] {ese} NO WAY!!!!!!!

[12:06] {dino} a very good time tested, legal substitute

[12:07] {ese} my brothers advice........."drink heavily when you need too"

[12:07] {nemo} define "need"

[12:07] {dino} "one for the ditch"

[12:08] {ese} oh man!!!rotflol

[12:08] {nemo} in Massachusetts, if you have one DUI/OUI, you can't get a firearms license

[12:08] {ese} that was funny dino

[12:08] {dino} :)

[12:10] {ilana} RIMM is gettig back to previous trigger

[12:11] {ese} lookin for some action today..............wait til i tell patience that i've started a meth lab right beside her house........

[12:11] {ese} she should become animatied in.............t minus 2 seconds

[12:12] {nemo} .40 is r2 on rimm

[12:12] {magoo} who u kidsding..shes the brains behind your enterprise

[12:12] {patience} running the business for my daughter magoo

[12:12] {Threei} 24% Favor National Sales Tax, 65% Oppose

[12:13] {Threei} 24% don't buy aything?

[12:13] {ese} like that adds up to 100%

[12:13] {Threei} well ese... there are three kinds of people: those who can count and those who can't

[12:13] {ese} rotflol..........love it

[12:13] {Les} lol oh vad you save us from boring sessions

[12:14] {patience} one decent trade this morning in gold (hgu) this morning....where is my christmas bonus trade this year

[12:14] {Les} still short WMT. no volume on upticks. looks good for day trade.

[12:14] {Threei} Short Setup: RIMM .50 break

[12:14] {Threei} if stays below .60

[12:14] {ese} turned out to be t minus 2 mins

[12:15] {ese} i felt sure patience that i would get a reaction out of you sooner

[12:16] {patience} on my street, everybody knows everybody's business....meth lab would make for some good chatter here :)

[12:17] {ese} this board is a barrel of laughs.........it's now addictive........i have to get a fix of this board before the day

[12:18] {dino} lol patience, we call my neighborhood a safe one, we all walk to each others houses and drink

[12:18] {Threei} that's true... I once walked patience's street after consuming 2 litres of vodka... didn't even talk to anyone.. yet got 4 dinner invivations next day

[12:18] {fernp} stopped

[12:18] {Threei} no go RIMM

[12:18] {ese} rotflol.......good one

[12:18] {Threei} I give up, this is frog invasion today

[12:18] {fernp} too many frogs today

[12:18] {Threei} they are small but they are everywhere

[12:19] {nemo} Wasn't that a Ray Milland movie?

[12:26] {Les} covered WMT .51 +.26. damn broke straight through low of yesterday on volume

[12:26] {dino} gj

[12:27] {Les} or could this be bounce time vad?

[12:27] {dino} fds

[12:28] {Les} l wmt .56

[12:29] {Threei} no idea

[12:29] {dino} vrsk

[12:29] {dino} fact

[12:31] {dino} takeover fight fact

[12:33] {dino} deck -7 in 2 days

[12:33] {dino} fds feels like 65s

[12:37] {Threei} Senate commission formed to study measures to cut deficit; dramatic tax hikes possible

[12:38] {Threei} dramatic eh

[12:38] {Threei} anyone for canadian citizenship?

[12:38] {nemo} that will leave alot left over for a consumer economy

[12:42] {dino} fds hit 65.92, and i was at .75 ugh

[12:47] {Les} partial out wmt .67

[12:49] {fernp} RIMM hod

[12:51] {Les} all out +.10. alright, back in green for the day

[12:51] {Les} those frogs threatened to croak me this morning

[12:51] {dino} gj

[12:51] {fernp} gj

[12:52] {dino} i'm not getting the frog joke

[12:53] {larisa} new game, stops are frogs for some reason. trades that worked are princesses :)

[12:53] {Les} couple of stops taken this morn dino

[12:53] {dino} ahhhh

[12:53] {Les} yeh its Vad's idea

[12:53] {Threei} it's easy

[12:54] {larisa} hope he gets tired of it in a couple of days :)

[12:54] {Threei} for a princess to discover her prince, she has to kiss some frogs thatg never turn into anything worthy kissing

[12:54] {nemo} princes (if you're that way) are wins, and frogs are losers

[12:54] {nemo} I'll stick with princesses

[12:54] {dino} prefer to call them gorf's

[12:54] {Les} Do frogs "croak" in American english?

[12:54] {nemo} yes, and ribbit

[12:55] {Les} that was play on word on frog comment

[12:58] {fernp} Don't you like RIMM if breaks .70, Vad?

[12:59] {Threei} I do

[12:59] {Threei} it's just that 3/4 of what I liked today didn't like me back

[12:59] {larisa} .73 high

[12:59] {Threei} used to be other way around... getting old

[13:00] {fernp} let's see if this play is your princess :-)

[13:00] {dino} aren't we all

[13:00] {Threei} except girls

[13:01] {Threei} and I am not sure about Alert

[13:01] {ilana} thinkng to short off .70

[13:01] {Threei} never got to investigate her/his gender

[13:01] {fernp} Qs in doing nothing

[13:01] {fernp} is

[13:01] {Les} why am I a girl?

[13:02] {Les} who decided my gender?

[13:02] {Threei} you are not getting older?

[13:02] {Les} and how do I change it?

[13:02] {larisa} when I got love letter from 17 years old recently, I realized i am getting old :)

[13:02] {nemo} whoa

[13:02] {Threei} jusy how exactly you manage to get letters from them?

[13:02] {Les} jail bait

[13:02] {nemo} website

[13:03] {Threei} stop posting your profile on dating sites

[13:03] {Threei} that might help

[13:03] {larisa} nah :) baby stick it to my car while i was shopping. Turned out he was sleeping in the car next to mine :)

[13:03] {fernp} stop is under .60 or .55, Vad?

[13:04] {Threei} .60

[13:04] {Threei} helod above it long enough to make it valid support

[13:05] {dino} nice larisa

[13:06] {nemo} I get tickets stuck to my car

[13:06] {Threei} lol

[13:06] {larisa} I prefer men over 35, and they do not write :)

[13:06] {larisa} lol

[13:06] {Threei} do not write? we don't even talk

[13:06] {larisa} :)

[13:06] {Threei} we just gesticulate with our chins

[13:07] {nemo} do you use both of them vad?

[13:07] {nemo} sorry

[13:07] {magoo} our expertise is remote control manipulation

[13:07] {nemo} couldnt help it

[13:07] {dino} ;)

[13:07] {Threei} beard masks the rest 4 nemo

[13:07] {nemo} oh, that's not all...

[13:08] {nemo} I haven't gotten a haircut since the last time you saw me

[13:09] {Threei} trying to save on clothes?

[13:09] {nemo} no

[13:19] {fernp} come on RIMM, forget all the things I told you

[13:20] {Threei} ahha

[13:20] {Threei} now you are trying to be nice to it

[13:20] {fernp} very nice

[13:23] {ese} gotta go........2 more shows to do.......then........drink heavily time cya tomorrow

[13:23] {fernp} bye ese

[13:23] {ilana} cya ese

[13:23] {Les} ciao ese

[13:25] {dino} cya es

[13:25] {Threei} take care ese

[13:29] {fernp} stopped

[13:29] {Threei} told you... it's totally random right now...

[13:30] {fernp} true

[13:30] {ilana} why not play the range then?

[13:30] {Threei} because they break range

[13:30] {Threei} then retunr to it

[13:30] {Threei} so they'll stop you out anyway

[13:31] {dino} out meli .45, +.45 took hours

[13:32] {Threei} VP Biden expected to announce administration to propose an added $5B for clean energy manufacturing tax credits

[13:33] {Threei} (CA) BoC's Carney: Canada to grow faster than other G7 countries in 2010; must prepare for "more normal" interest rates

[13:33] {Threei} - Recent Canadian data is consistent with expectation.

[13:33] {Threei} - Reiterates that risks from household debt are relatively low but rising.

[13:33] {Threei} - commercial real estate situation is US remains difficult

[13:37] {Threei} US) White House Official: Administration plan for boosting US manufacturing involves "ongoing dialog" on currencies, believes FX rates should be set by markets

[13:37] {Threei} - Would like to see jobs package discussed by Congress in early 2010 or sooner

[13:38] {Threei} sooner?

[13:41] {Threei} interestingly enough,

[13:41] {Threei} while FOMC days are often difficult

[13:42] {Threei} they are much more alive when FOMC decision means something.

[13:42] {Threei} Today's one means nothing,

[13:42] {Threei} everyone knows what it's going to be

[13:42] {Threei} yet market is dead

[13:45] {Threei} US) Reportedly Connecticut AG has called on the Fed to roll back credit card interest

[13:45] {Threei} hmm?

[13:45] {Threei} does Fed sets credit card interest?

[13:48] {nemo} rimm is at VWAP, probably good for .30 if it drops .20

[13:50] {dino} brb

[13:52] {larisa} thanks nemo, scalped RIMM long, not sure what you meant, long or short :)

[13:53] {Threei} Wednesday, December 16, 2009 1:52:53 PM

[13:53] {Threei} Preview: FOMC rate decision due out at around 14:15ET

[13:53] {Threei} **there has been a lot of speculation about the various tweaks the FOMC might implement today, though consensus expectation appears to be for the Committee to hold off on any hawkish new changes in its phrasing until 2010. The Financial Times recently speculated that the FOMC might want to begin distinguishing between its monetary policy and liquidity policy, which could result in the central bank raising the discount rate, while holding its federal-funds target unchanged at 0-0.25%. Some analysts also suppose that the Fed could start to modify its language on keeping rates exceptionally low for an "extended period." Notably, in his speech to the Economic Club of Washington last week, the Chairman left out any reference to the "extended period."

[13:54] {Threei} Other speculation is focused on what the FOMC might say about its asset purchase programs. The FOMC has made modifications to the asset program at its last two meetings (tapering the pace of MBS and agency purchase programs at the Sept meeting, and cutting the agency debt program to $175B from $200B in Nov).

[13:59] {magoo} RIMM is biggest peice of shit

[14:00] {Les} not tempted to short RIMM here... what did you do?

[14:00] {Les} watching it though

[14:00] {fernp} I hate RIMM

[14:00] {magoo} im just amazed howe it sux all the time

[14:00] {magoo} we may scalp a measly dime ..but most of time it sux

[14:01] {magoo} that fall off is just wrong

[14:01] {Les} I'm amazed I haven't been chasing such crap. I am starting to recognise crap when I see it.

[14:01] {dino} why play it then? like banging your head against wall

[14:02] {nemo} amzn at serious support

[14:02] {Threei} 13 min till FOMC

[14:03] {dino} wow esrx

[14:09] {Les} http://www.youtube.com/watch?v=R1X6RQLZtoA&feature=player_embedded

[14:10] {Threei} 5

[14:11] {magoo} tghey'll be late

[14:12] {Threei} BA Pentagon reportedly will not recommend Obama veto of defense bill over added C-17 orders added by Congress

[14:12] {Threei} - Pentagon officials reiterate view that there are enough C-17s in the US fleet already.

[14:13] {Threei} that's one confusing item

[14:13] {Les} so congress is quite clear that it wants more pork in budget

[14:15] {fernp} i've wasted all my profits in three plays in RIMM. I can't get rid of that thought

[14:15] {Threei} DCGN

[14:15] {Threei} Decode Genetics Journal publishes discovery of major risk factor for Type 2 diabetes, dependent on parent of origin

[14:15] {Threei} - Scientists at deCODE genetics, Inc. (Nasdaq:DCGN) publish in the journal Nature the discovery of a version of a common single-letter variant in the sequence of the human genome (SNP) with a major impact on susceptibility to type 2 diabetes (T2D).

[14:15] {Threei} - The impact of the T2D variant is not only large, but unusual: if an individual inherits it from their father, the variant increases risk of T2D by more than 30% compared to those who inherit the non T2D-linked version; if inherited maternally, the variant lowers risk by more than 10% compared to the non T2D-linked version. Nearly one quarter of those studied have the highest risk combination of the versions of this SNP, putting them at a roughly 50% greater lifetime risk of T2D than the quarter with the protective combination.

[14:15] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% ; REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:15] {Threei} - Vote was unanimous (10-0) (related SPY SHY TLT EUR/USD GBP/USD USD/JPY GLD )

[14:16] {patience} .

[14:18] {dino} ..

[14:18] {nemo} ;;;;;;;;;;;

[14:20] {Threei} strangely muted reaction

[14:20] {Threei} extended period is what mArket wants to hear

[14:21] {dino} earliest is june, most likely sept, imo

[14:22] {dino} other thing on their minds, ireland, greece, austia banks about to blow up, as well as questions on spain

[14:22] {fernp} FITB lod

[14:22] {Les} or they are ready to sell the news

[14:27] {Les} CAT?

[14:27] {Threei} roll a dice

[14:28] {fernp} JOYG dbi

[14:28] {strider} So I leave you folks alone for a few hours,, and you're already shooting craps.

[14:28] {larisa} lol

[14:29] {Threei} it's Les

[14:29] {dino} sm l esrx .01

[14:32] {fernp} TSO breaking lod

[14:33] {dino} pwrd lod, china stock, strange

[14:33] {Les} AIG on .74 b/d?

[14:33] {fernp} SUN also breaking

[14:33] {Threei} chart is right

[14:34] {Threei} market is chaotic

[14:34] {Les} lets implement some planned chaos...

[14:38] {magoo} amzn bouncer vad?

[14:38] {Threei} chart is breakdown on it, and no normal formation woreked today, so - yes

[14:38] {larisa} lol

[14:39] {magoo} up .20 since i asked

[14:39] {magoo} .50

[14:39] {Threei} see?

[14:40] {dino} pwrd sm l .25

[14:44] {Les} AIG

[14:47] {fernp} try to trade BAC today. What kind of chart is that? lol

[14:48] {Threei} AONE Hearing positive comments from Lazard (timing uncertain) (18.65, +0.49, 2.70%)

[14:48] {dino} that is called the coin toss chart'

[14:48] {fernp} agree, lol

[14:49] {Threei} I'll tell you what chart it is

[14:49] {Threei} get a mule, pour it bottle of vodka,

[14:49] {Threei} when a mule is good and drunk, tie a pencil to its tail,

[14:49] {Threei} put a sheet of paper under the tail and pin a mule with needle

[14:50] {Threei} what he draws on the paper is this chart

[14:50] {fernp} rofllll

[14:50] {Les} almost sounds like the voice of experience...

[14:50] {larisa} do not torture animals

[14:50] {Threei} torture? this animal will chase you for days after that begging for party continuation

[14:51] {Les} lol

[14:51] {Threei} "I demand to continue banquet!"

[14:52] {dino} pwrd stopped

[14:54] {Threei} alternatively, this chart is my EKG in 30 years

[14:54] {Les} slow and steady?

[14:54] {Les} or flatline?

[14:54] {Threei} narrow, quiet, meanignless and ready to quit

[14:56] {Les} AIG offering short entry here.

[14:58] {fernp} +.05 TSO +.06 SUN I should play only these type of trades

[14:59] {magoo} AMZN wrecked

[15:03] {dino} giddy-up

[15:08] {dino} pwrd rinsed

[15:11] {Threei} NVDA stubbornly stays near high

[15:12] {nemo} rimm stubbornly stays at this level

[15:12] {Threei} here come pitchforks:

[15:12] {Threei} GS Reportedly unions asking 10 state AGs to probe firm for role in subprime mortgage lending

[15:14] {Threei} how do they connect GS and subprime?

[15:14] {dino} and unions?

[15:14] {Threei} yeah, lol

[15:15] {Les} housing workers union...

[15:15] {Threei} it was acknowledged that GS was not really involved in subprime lending, and never let leverage go up anywhere that much as most

[15:16] {Threei} which was one of the main reasons for their relative stability

[15:17] {dino} politics of envy, you git it, i want it

[15:17] {dino} git=got

[15:18] {nemo} ravenspeak

[15:19] {Threei} UAUA CEO: Seeing gradual pickup in demand, business travel demand is returning; seeking opportunistic financing for planes (11.21, +0.16, 1.45%)

[15:19] {dino} cawww

[15:20] {dino} hon hl l .50

[15:21] {dino} ouch deck, xmas is over

[15:23] {Threei} SPY chart starts looking like that same drawing by the drunken mule

[15:23] {Threei} or like my EKG in the morning of Jan 1

[15:28] {Threei} DECK, ever since you asked first time I wanted to short it

[15:28] {Threei} too bad I never did

[15:29] {dino} sometimes you have to say, "what the f*ck, can't say it, can't do it"

[15:29] {Threei} that was around 95, remember?

[15:30] {Threei} when I labeled it as breakdown

[15:30] {Threei} and magoo called me insane

[15:30] {dino} 94, i scalped it

[15:30] {magoo} not on that i didnt

[15:30] {Threei} well, at least you thought that

[15:30] {dino} going to 90s for strike

[15:30] {dino} hon gap fill

[15:31] {dino} we will play deck tomorrow

[15:31] {nemo} You never play with a full "deck"

[15:31] {nemo} that was too easy

[15:31] {dino} as well as, esrx, amed, pwrd, fds

[15:33] {dino} as long as i remain in the game nemo, thats rule # 1

[15:33] {nemo} absotutely

[15:33] {dino} who said you need to be sane to trade

[15:34] {nemo} reminds of a joke

[15:34] {nemo} Guy changes his tire before he leaves home and heads out

[15:34] {nemo} As he's riding down the road, all of a sudden one tire rolls off

[15:35] {nemo} So, he comes to a stop and sees he forgot to put the lug nuts on the tire

[15:35] {nemo} So he's standing there wondering what to do

[15:35] {nemo} He gets this feeling and looks behind him and sees a guy staring at him from behind a barbed wire topped fence

[15:35] {nemo} He remembers it's the local insane asylum

[15:36] {nemo} So, the guy behinds the fence says, "Why don't you take one lug nut off the other three tires and use them to secure the other tire."

[15:37] {nemo} The guy looks at him and says, "Wow, that's pretty good." You figured that out and you're in there?" Guy behind the fence says, "Look, I might be crazy, but I'm not stupid!"

[15:37] {Les} hmmm

[15:37] {Les} night all

[15:37] {dino} (colorful joke)

[15:38] {nemo} Janitor!

[15:38] {dino} cya les

[15:38] {Threei} sigh

[15:38] {Threei} but lol

[15:38] {dino} :)

[15:39] {nemo} That's as bad as, (colorful joke)

[15:41] {Threei} you don't have dcc or what, lol

[15:42] {nemo} dcc dino

[15:43] {Raven} oh sigh

[15:44] {Raven} and nemo ... you do not put lug nuts on tires ... they go on WHEELS ... sheesh

[15:44] {dino} gottas hop

[15:44] {nemo} yes Raven

[15:44] {Threei} lol

[15:44] {nemo} they actually go on the lugs

[15:45] {Raven} correct ... micro analysis

[15:45] {nemo} yes, thus "lug" nuts

[15:45] {Raven} exactly

[15:45] {nemo} ty

[15:45] {Raven} wheels fit over the lugs

[15:46] {Raven} tyres are affixed to the wheels

[15:46] {nemo} I realize you were born in New England, but really

[15:46] {Raven} Olde England

[15:47] {strider} The breadth and depth of knowledge available in this room is frightening.

[15:47] {Raven} truly awesome

[15:47] {fernp} Good evening everybody. See u all tomorrow

[15:47] {strider} night, fern

[15:47] {nemo} YEs, but is it useful?

[15:47] {Threei} take care fern

[15:48] {strider} Frightening, I say. Frightening.

[15:48] {nemo} vaya con diablo fern

[15:48] {nemo} oops

[15:48] {nemo} that's for me

[15:49] {Raven} mercifully ... this is almost over ....

[15:50] {nemo} yeah...but

[15:50] {nemo} there's tomorrow

[15:50] {nemo} and Friday

[15:50] {Raven} sigh

[15:54] {Threei} okay guys, time to end this meaningless day

[15:54] {larisa} bye all

[15:55] {Threei} have a good evening, see you tomorrow

[15:55] {strider} see ya, vad.