Volume is almost non-existent - about 50% of average for the last three months. Search for the plays is like extracting teeth, but those we do find are profitable.
Session Time: Mon Dec 28 00:00:00 2009
[08:48] {nemo} Mmmmhhh....well...know who the trade-aholics are
[08:48] {Threei} hah... you should see them on Fri
[08:49] {nemo} you mean, Thursday?
[08:49] {Threei} yeah
[08:49] {Threei} you'd think it was last oppotrunity to trade
[08:50] {Threei} I swear some stocks were traded by this room members only
[08:50] {nemo} given I needed a magnifying glass to see the volume numbers, you might be right
[08:50] {strider} Well, we made money on them. somehow.
[08:50] {Threei} yeah, that's the amazing part
[08:51] {Threei} strider, magoo and fern being the only traders in some name - and all three making money
[08:51] {nemo} ecn rebates
[08:51] {Threei} lol
[08:52] {nemo} quite the markeups this morning...fcx..aig...tck
[08:53] {strider} Wait till nemo checks his account....we were using the patented "nemo-auto-fade" feature of Laser.
[08:53] {Threei} lol
[08:53] {nemo} which is...???
[08:54] {strider} if I told you any more, I'd have to kill you.
[08:54] {Threei} he doesn't have this button sdtrider
[08:54] {nemo} not necessarily a good bet on your part
[08:54] {strider} Or maye, you'd kill me.
[08:54] {Threei} it was enabled for everyone but the one whose name is on it
[08:54] {strider} yeah.
[08:55] {strider} Nemo...at least your get some ECN credit, for adding liquidity.
[08:56] {nemo} ty
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {nemo} Hola
[08:56] {dino} gm all
[08:57] {Threei} dino :)
[08:58] {strider} morning everyone.
[09:03] {Les} morning
[09:03] {nemo} for you or us Les?
[09:03] {Threei} morning les
[09:03] {Les} when in rome nemo, when in rome...
[09:11] {ese} good morning......
[09:11] {Threei} ese :)
[09:11] {Les} hi ese
[09:12] {nemo} dude
[09:14] {ese} dude
[09:14] {ese} les
[09:14] {Threei} my daughter was lucky enough to have her long-planned trip starting today,m with first leg to USA...
[09:18] {strider} going with a big group, vad?
[09:18] {Threei} no, a few friends
[09:19] {Threei} Thailand and Japab
[09:19] {Threei} Japan
[09:19] {strider} wow.
[09:20] {Threei} good thing we talked yesterday
[09:20] {Threei} asking her whan she plans to be at airport,
[09:20] {Threei} she says, well, about an hour and half before departure
[09:21] {Threei} turns out, they don't watch TV for the last few days and have no sligtest idfea of latest scares
[09:22] {lasertrev} gm
[09:22] {Threei} trev :)
[09:22] {magoo} morning, hope u all had a merry
[09:22] {Threei} hey mags
[09:22] {Threei} sure did
[09:22] {Threei} you?
[09:28] {strider} see anything moving?
[09:29] {nemo} fcx and aig moved quite a bit this morning
[09:29] {Threei} a lot of things do
[09:29] {dino} asia, cgen, fcx
[09:29] {dino} pot
[09:30] {Les} AA a little weaker, but showing similar behaviour to fcx
[09:30] {Threei} CGEN Discovers drug target for treatment of epithelial tumors
[09:30] {Les} look at X
[09:31] {Threei} NLST wakes up again maybe
[09:31] {Threei} CGEN pullback, watching
[09:33] {Threei} Long Setup: CGEN .60 break
[09:33] {Threei} if stays above ,50
[09:33] {Threei} 1:1 half out
[09:33] {fernp} missed here
[09:33] {Threei} scalpers are scalpers
[09:33] {ese} missed
[09:34] {nemo} me too
[09:34] {Threei} noone?
[09:34] {Threei} it was available at .61...
[09:34] {Les} no excuses, you gave plenty of time...
[09:34] {nemo} by the time I got it on screen it was gone
[09:35] {nemo} scalpers win
[09:35] {Threei} wow... 2 min since I said watcvhing
[09:36] {Les} was fiddling with charts. Not used to jumping straight out of the starting gates
[09:37] {ese} was watching something else.......tune in when it was .69
[09:37] {Les} X pullback?
[09:38] {ese} sndk continues meteoric rise......very interesting that
[09:38] {Threei} X, .80 support
[09:38] {ese} don't see many daily charts like that
[09:38] {Threei} trigger is not very clear, maybe .96
[09:39] {dino} osis
[09:39] {fernp} QGEN if breaks .50, Vad?
[09:40] {Threei} if holding .45
[09:40] {Threei} don't count on much with thisd one
[09:40] {Threei} water torture type
[09:40] {fernp} ok
[09:41] {dino} aixg
[09:42] {Threei} AIG
[09:42] {Threei} tries to turn into momo
[09:43] {Les} GOOG
[09:43] {Threei} Long Setup: AIG .05 half lot
[09:43] {magoo} in
[09:43] {Threei} if stays above .90
[09:43] {magoo} .60
[09:44] {Threei} if works, target about .40 - .50
[09:44] {Threei} ok, doesn't work
[09:45] {magoo} i like yout targeyt
[09:45] {Les} FCX .80 b/d if a few minutes consolidation occurs Vad?
[09:45] {fernp} QGEN 1:1
[09:46] {Threei} sure
[09:46] {Threei} FCX looks encouraging
[09:46] {Threei} GLD breaks down
[09:46] {Threei} here is bounce to see the resistance
[09:46] {Threei} or to hunt for aggressive entry
[09:47] {Threei} mags, you have target reached
[09:47] {Threei} on AIG
[09:48] {magoo} out .49 TY
[09:48] {Threei} wtg
[09:48] {Threei} 90 cents
[09:48] {magoo} + alot
[09:48] {Threei} nice play
[09:49] {Les} merry christmas
[09:49] {Threei} lol fern, you managed to squeeze that one
[09:50] {fernp} yeah. ty for your indications
[09:51] {Threei} anyone went for ahressive FCX?
[09:51] {Les} in .90
[09:51] {Threei} okay, stop just above 83 then
[09:51] {strider} short or long?
[09:51] {Les} short
[09:51] {Les} GLD dropping
[09:51] {Threei} if it loses .80, cover half into sharp drop
[09:51] {Les} scalp or more Vad?
[09:52] {Les} sorry
[09:52] {Threei} I'd try for more but with pasrtiasls
[09:52] {Threei} partials
[09:52] {Threei} grrr... new keyboard... likerly to introduce even worse typing
[09:52] {Les} we can take it
[09:52] {Threei} (if that's even possible)
[09:52] {magoo} aig read vad, bounce if holds 32?
[09:53] {ese} dino ....whacha thinkin with osis
[09:53] {fernp} HIG breakout, Vad?
[09:53] {Threei} too far in advance mags
[09:53] {dino} sm s asei .86
[09:53] {Threei} gotta see how it behaves if it gets there
[09:53] {Threei} HIG yes
[09:53] {magoo} lets watch it ok?
[09:54] {magoo} might be the day for it
[09:54] {Les} GLD testing 50 ma support
[09:55] {dino} asei stopped
[09:56] {Threei} cover half here les
[09:56] {Les} .75 ty
[09:56] {Threei} fern, HIG starts looking salmonish
[09:57] {Threei} if works, can be a nice climber
[09:57] {magoo} hig long trigger?missed call
[09:57] {Threei} .90 support mags
[09:58] {Threei} fairly close to it
[09:58] {fernp} im long from .97 if breaks 24 i'll add some more shares
[09:58] {Threei} buy first strength
[09:58] {Threei} les, 1/4 more
[09:58] {Threei} right here
[09:59] {Les} sorry, all out. only 200 shares in total
[09:59] {Threei} ok
[09:59] {Threei} anyone has a bit more and needs comnmentary?
[10:01] {fernp} WFC breakdown, Vad?
[10:03] {strider} NLST
[10:03] {Threei} hmmm
[10:03] {Threei} not sure fern
[10:06] {Threei} mags
[10:06] {Threei} AIG
[10:06] {Threei} stop under 24
[10:06] {Threei} entry as close to it as you can get
[10:06] {Les} l HIG .03
[10:07] {Threei} HIG acts as salmon
[10:07] {Threei} a bit high entry Les
[10:07] {strider} long HIG from .98
[10:07] {Les} so take scalp only?
[10:08] {strider} L NLST from .79
[10:08] {Threei} it's capable of more than that...
[10:08] {Threei} just not fond of this kind of entries
[10:10] {dino} par
[10:11] {nemo} rimm vad
[10:12] {Threei} not sure about play on it
[10:12] {Threei} feels long to me
[10:12] {Threei} but no clear setup
[10:14] {Les} any news that is annoying market?
[10:14] {fernp} AEO, Vad? I don't know how this one trades, valid breakout?
[10:14] {Threei} no news
[10:14] {fernp} is holding in highs while SPY is dropping
[10:15] {Threei} should be good for a scalp fern
[10:15] {fernp} ty
[10:15] {dino} aixg capit?
[10:16] {Threei} doesn't look ready for bounce to me, dino
[10:16] {Threei} more downside most likely
[10:17] {strider} stop NLST -.10
[10:17] {fernp} WFC still on lows
[10:18] {dino} feeling .35ish
[10:24] {Threei} HIG lost support
[10:24] {strider} stop HIG
[10:26] {fernp} i took my 1:1 on HIG w/my first entry, and stopped with the second one
[10:26] {Threei} half pon 1:1 and stopped second half, so the same washout
[10:27] {fernp} shorted WFC .88
[10:27] {fernp} my 1:1 is almost here..
[10:29] {ese} anyone else waiting or cgen to bottom out
[10:31] {dino} aixg hl l .05, stop lod
[10:35] {fernp} AEO is breaking now... not sure what to do, SPY is falling
[10:37] {dino} alny wakey
[10:37] {strider} hmmm..
[10:38] {fernp} FAZ breakout?
[10:38] {Threei} only if pulls back first
[10:39] {Threei} and holding this .87 - .90 area
[10:41] {Threei} GLD, want long with target around .35, and don't want to buy break
[10:41] {Threei} so, my way to trade it here would be:
[10:41] {Threei} ignore .20 break,
[10:41] {Threei} but if it pulls back into .10 area, I anm interested
[10:42] {Threei} with stop/invaliadting level 108
[10:43] {Threei} come on GLD, show your treacherous charatcter: drop shareply shaking out .20 break buyers, and let us in on that shakeout
[10:44] {Les} 50 and 200 ma converging at .25
[10:44] {Threei} typing gods will never forgive me for what I do to English...
[10:46] {Les} did you buy Vad?
[10:47] {Threei} no, was waiting couple cents lower
[10:48] {Threei} I want a brief dive under .10, holding above 108 and recross of .10 as entry signsl
[10:49] {Threei} even if it doesn't let us in, I am pretty staisfied with read itself
[10:49] {Threei} getting closer to decoding the ways GLD eliminates too straightforward traders
[10:52] {fernp} AEO 1:1 but i didn't take the trade. too much thinking. grrrr
[10:53] {Threei} Long Setup: AIG .10 break
[10:53] {Threei} stop under 32
[10:53] {ese} l cgen .41
[10:56] {ese} you refering to me vad
[10:56] {Threei} I am?
[10:56] {ese} .30
[10:58] {strider} out 1/2 AIG
[10:58] {Threei} AIG 1:1
[10:58] {Les} out ty
[10:58] {Threei} strider, stop to under .10 for the balance
[10:58] {magoo} AIG seems or feekls like alot more..not in tho
[10:58] {strider} thx
[10:59] {strider} out -.01
[10:59] {Threei} could be mags... but this is AIG... I better let ther balance to get shaken out than get stuck
[10:59] {magoo} agree..its been a disappointer orf late
[10:59] {strider} like that.
[10:59] {Threei} downdraft on it can be devastating
[11:00] {Threei} and don't forget, we are still in holiday mode
[11:00] {fernp} HIG again breaking 24
[11:00] {ese} l cgen avg .39
[11:00] {Threei} short week and all that crap
[11:01] {Les} GLD still in play Vad?
[11:01] {Threei} can't tewll, it kind of lost its rythm
[11:01] {nemo} may be DT on Rimm
[11:01] {dino} jst
[11:01] {Threei} first drop looked good, second is questionable
[11:02] {Threei} hmmm
[11:02] {ese} cgen stop .33
[11:03] {Threei} why not C&H on RIMM nemo?
[11:03] {Threei} .45 break
[11:03] {Threei} if holdong .30 -.45
[11:03] {Threei} .30 - .35
[11:03] {nemo} could be one of those switchitters
[11:04] {Threei} yeah
[11:04] {nemo} your handle is small too
[11:04] {fernp} gonna try again HIG
[11:05] {Threei} big offer at .45
[11:05] {Threei} reinforces setup
[11:05] {nemo} oy vay
[11:05] {ese} out cgen .49 +.10
[11:05] {Threei} wtg
[11:06] {ese} worked well...kept partially out 4k avgeraged it out at .49
[11:07] {ese} actually .487623 to be exact
[11:07] {Threei} invalidated RIMM
[11:07] {nemo} the long anyway
[11:07] {Threei} right
[11:08] {Threei} too bad, that break would have been a beauty
[11:10] {nemo} RIMM again
[11:10] {fernp} DBA, Vad?
[11:10] {Threei} need pullback for re-validation
[11:10] {Threei} RIUMM
[11:10] {nemo} or, tht big order be taken out
[11:11] {Threei} DBA, CAN'T TELL
[11:11] {Threei} too narrow for my taste'
[11:12] {fernp} ty
[11:12] {Les} FCX?
[11:13] {magoo} [11:11] {&Threei} RIUMM
[11:13] {magoo} [11:12] {&Threei} too narrow for my taste'
[11:13] {magoo} whats on your mind
[11:13] {Les} .80 break looking good?
[11:14] {fernp} that was for DBA, mags
[11:14] {magoo} RUM
[11:14] {Threei} probably Les
[11:18] {magoo} gld was invalid?
[11:19] {Threei} I wasn't delighted
[11:19] {magoo} ya ya
[11:19] {Threei} it more or less worked in the end but preety much crapshoot, really
[11:19] {magoo} in my best leonardo dicapr voice from movie blood diamond
[11:20] {nemo} he was good in Body Of Lies also
[11:20] {fernp} NRG breakdown, Vad?
[11:21] {Les} outta here. night all.
[11:22] {fernp} bye Les
[11:22] {Threei} take care Les
[11:23] {Threei} so slow, fern...
[11:23] {Threei} things stalled
[11:24] {Threei} let's look at some postcard-type photos in fresh upload at http://www.realitytrader.com/photography/
[11:24] {fernp} yeah, shorted .39 i'll take a scalp (if I can) :-)
[11:27] {fernp} your city seems very european
[11:27] {fernp} beatiful heavens in all pics
[11:27] {Threei} yeah, prides itself ion being more British than Britain
[11:29] {fernp} such buildings are the typical you can find over here
[11:34] {nemo} rimm broke .45 another huge orer at .50
[11:34] {Threei} break on such vertical spike... nah
[11:35] {nemo} chewed right through
[11:38] {fernp} 1:1 NRG +.05
[11:42] {nemo} rimm break .60 stop under .50 look at order at .60
[11:51] {fernp} NVDA breakdown, Vad?
[11:51] {Threei} worth a try
[11:52] {fernp} ty
[11:52] {Threei} just a scalp
[11:52] {Threei} unless market starts dropping like tomorrow never comes
[11:52] {fernp} ok. i'll scalp it :-)
[11:53] {strider} aggressive entry make sense here, NVDA?
[11:53] {Threei} yeah, and if tomorrow never comes - what good those excessive profits are for you anyway
[11:53] {Threei} no strider
[11:53] {Threei} RIMM looks at that .60 with childish curiosity
[11:54] {fernp} daily seems ready for a pullback
[11:54] {nemo} on what fern?
[11:54] {fernp} NVDA
[11:54] {fernp} QGEN strong
[11:57] {Threei} NVDA shapes up nicely
[11:57] {strider} break of .74?
[11:57] {Threei} yes
[11:58] {nemo} cat vad, maybe short, I've got .45 as important but pivot is .38
[12:01] {Threei} .45 break I'd do
[12:02] {strider} stop?
[12:02] {Threei} .50 or .55, both are valid
[12:02] {nemo} .50 probably
[12:02] {strider} k
[12:09] {nemo} cat the frickin' fandancer
[12:10] {strider} in .44
[12:10] {strider} there's the big bid on NVDA
[12:11] {strider} .77
[12:15] {Threei} RIMM is trying to reinvalidate again
[12:17] {Threei} Long Setup: RIMM .60 break
[12:18] {Threei} stop under .50 for scalpers
[12:18] {Threei} .45 for day traders
[12:18] {Threei} 1:1
[12:19] {Threei} unstoppable RIMM
[12:19] {Threei} 'can you hold the moonbeam in your hand"...
[12:19] {Threei} never mind... wife was watching Sounds of Music yesterday when I carelessly wandered in the room
[12:19] {nemo} DF
[12:19] {Threei} it's quite a trauma for my impressionable soul
[12:20] {nemo} anyway,,,,I'm off to try and kill something...this day has been a CF!
[12:20] {dino} gl
[12:20] {nemo} ty
[12:20] {Threei} kill my portion too wioll ya
[12:21] {magoo} what CF?
[12:21] {Threei} or df
[12:22] {Threei} but, you know... when it comes to nemo I gave up on decoding
[12:22] {Threei} not only because it's challenging
[12:22] {Threei} but mostly because in most cases I don't want to know the answer
[12:24] {strider} CAT
[12:25] {Threei} makes huge prgress, doesn't it
[12:26] {strider} not much spring in its step.
[12:26] {strider} which is a good thing.
[12:26] {Threei} well, it's cat... it's prowling
[12:28] {strider} Is RIMM a long here?
[12:28] {strider} was
[12:29] {Threei} why here
[12:29] {Threei} it was long at .60
[12:29] {strider} there was some consolidation at .72, 2nd test of high.
[12:30] {Threei} if you wanted it for bigger trade, you'd simply enter it with stop .45, and have 1:2
[12:31] {strider} well, it jumped fast from .60....coudn't get in.
[12:31] {Threei} I see
[12:31] {Threei} it was a "hover" type of entry
[12:31] {strider} I was hovering .)
[12:31] {Threei} lol
[12:32] {Threei} unhovered too late then :)
[12:32] {Threei} usually, when hovering,
[12:32] {Threei} you don't wait for actual break
[12:32] {Threei} you want to gran last shares of big order
[12:32] {Threei} so you lwet go when it scrolls fast
[12:35] {strider} CAT looking like a dbl bottom
[12:37] {ese} dino.....anything on your radar
[12:39] {dino} just took fsys l
[12:39] {dino} .04 ave
[12:40] {ese} seems to me that every year at this time.....no matter what i look at ....it just doesn't look good
[12:40] {dino} osis watching for s
[12:40] {dino} tlcr?
[12:40] {ese} tks
[12:41] {fernp} USB rocketing
[12:41] {ese} was watching osis for a while......did nothing for me
[12:43] {dino} gut feels spike and drop remaining in osis
[12:44] {strider} what's your stop, CAT, vad?
[12:44] {Threei} at this point just above .50
[12:44] {Threei} no two options anymore
[12:44] {ese} hmmmmmmm that sounds like a plan dino....spike to 25
[12:45] {Threei} as they used to say in USSR, we have pluralism of opinions, and there is no another way about it
[12:45] {strider} haha
[12:46] {dino} lol es waiting at .22
[12:51] {strider} CAT 28 cent range so far.
[12:52] {fernp} MGM on lows
[12:53] {magoo} RIMM went big
[12:53] {dino} calm
[12:53] {magoo} i am
[12:54] {fernp} NVDA again interesting
[12:56] {dino} lol just read that
[12:56] {fernp} MGM breaking down
[12:57] {strider} OK...CAT's turned into a guitar stock.
[12:57] {ese} l akam sm.99
[12:58] {ese} stop .80
[13:01] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.089%; BID-TO-COVER RATIO: 2.91 V 3.16 PRIOR AND 2.96 AVE OVER LAST 10 AUCTIONS
[13:01] {Threei} - indirect bidders take 34.8% of competitive bids with 59.68% alotted at the high
[13:02] {Threei} where is nemo... I need translation of this
[13:02] {fernp} AMGN .70 break, Vad?
[13:02] {Threei} chart's right
[13:03] {ese} ok am likin the looks of akam .......increased size to 1/2 lot
[13:04] {dino} rino l .25
[13:05] {fernp} shorting NVDA .75
[13:06] {Threei} nice
[13:07] {ese} l akam to full lot still .99 stop .89
[13:08] {ese} lots of selling at .00 this should be interesting
[13:08] {dino} reit's moving
[13:09] {strider} sure is a lot of AKAM for sale at 26.
[13:10] {ese} i'll say
[13:11] {ese} gambling on the break here
[13:11] {strider} lightening up on CAT....this is ridiculous.
[13:12] {Threei} welcome to holiday trading
[13:12] {strider} I thought I was supposed to get PRESENTS this week.
[13:18] {Threei} this?
[13:18] {Threei} last week was Chritmas... what is it this week, Festivus?
[13:18] {strider} well, don't forget the rest of us.
[13:19] {Threei} Chanukah was even earlier
[13:19] {Threei} Festivus is the only one I can think of
[13:20] {strider} hey, we got a new low, CAT
[13:21] {Threei} I was afraid to mention
[13:24] {fernp} SEED is sitting on lows with a nice daily for a short
[13:24] {Threei} fern... you are distracting us from dying of boredom obderving CAT
[13:25] {fernp} sorry, i am also short in CAT from .44
[13:25] {Threei} wow... you mean you arre not bored enough by CAT and want to add SEED??
[13:26] {strider} Well, pay attention, then, fern!
[13:26] {Threei} you just love pain and suffering, don't you?
[13:27] {fernp} you know what? i am also short MGM from .39 and long AMGN from . 71
[13:27] {Threei} ok... you do love pain and suffering
[13:27] {fernp} :-) i have to talk with my wife
[13:27] {Threei} shut up nemo
[13:28] {Threei} even though you are not here...
[13:28] {Threei} this is too much even for your being here in spirit, so shut up
[13:30] {strider} had it with CAT, I'm out.
[13:30] {ese} out akam .94 -.05
[13:31] {ese} gotta go all...catch you tomorow
[13:31] {Threei} take care ese
[13:31] {strider} of course.
[13:31] {fernp} bye ese
[13:31] {Threei} mama mia... CAT is 1:1... I didn't think I'd live long enough to see that
[13:31] {strider} was just waiting for me to bail.
[13:31] {magoo} dont recall cat bbeing such a slug
[13:32] {Threei} no traders
[13:32] {Threei} holiday week
[13:32] {Threei} look at volume
[13:32] {magoo} read AIG? juast started move
[13:32] {Threei} Encryption expert deciphered and published code that protects cellphone calls-NY Times
[13:32] {Threei} - The action by the encryption expert Karsten Nohl aimed to question the effectiveness of the 21-year-old GSM algorithm, a code developed in 1988 and still used to protect the privacy of 80 percent of the world's mobile calls.
[13:33] {fernp} out MGM +.06
[13:34] {Threei} no way really to tell whether it's a startiung move or just accidenatl convulsion during deep sleep, mags
[13:35] {Threei} take a look at volumes at noon:
[13:35] {Threei} Market Internals update at 12:00pmET
[13:35] {Threei} - NYSE volume 240M shares, about 48% below its three-month average; advancers and decliners are about even.
[13:35] {Threei} - NASDAQ volume 520M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.
[13:35] {Threei} lol
[13:39] {dino} wow
[13:46] {fernp} AMGN no go
[14:03] {Threei} wow
[14:03] {Threei} fern
[14:03] {Threei} your SEED works
[14:03] {fernp} yes
[14:05] {fernp} but i only took +.05 on it (my initial risk)
[14:05] {Threei} Fed proposes amendments to Reserve Requirements for Deposit institutions; allows establishment of term deposit facility; with no implications on monetary policy decisions in short term
[14:05] {Threei} - term deposit maturities will not exceed 1 year's time; with most likely maturity at 1-6 months
[14:05] {Threei} - Federal Reserve Banks would offer interest-bearing term deposits to eligible institutions through an auction mechanism. Term deposits would be one of several tools that the Federal Reserve could employ to drain reserves
[14:06] {fernp} i also shorted INTC at .30 (my 1:1 is here)
[14:06] {Threei} market really disliked this
[14:06] {Threei} Fed worked for you
[14:06] {Threei} (for once)
[14:06] {fernp} lol
[14:07] {Threei} volume update, don't look now:
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 340M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 760M shares, about 45% below its three-month average; decliners lead advancers by 1.2:1.
[14:07] {Threei} 50%
[14:07] {Threei} I don't think I've seen this, ever
[14:09] {fernp} hey!!! thaks FED, +.08 INTC
[14:11] {Threei} lol
[14:12] {dino} gj
[14:17] {fernp} AEO ignores market. still on highs. and... if I hold some shares overnight? Am I crazy?
[14:17] {Threei} yes
[14:17] {Threei} but the real question is,
[14:17] {Threei} will it stop you from doing that?
[14:18] {fernp} good question
[14:21] {Threei} White House: President Obama to speak later today with regards to the terrorist attack attempted on Christmas day
[14:21] {Threei} - separately, in the last few minutes an Al-Qaeda faction claimed responsibility for the attempted attack on a US airliner, calling it a retaliation for US attacks in Yemen.
[14:21] {Threei} - reminder: over the weekend, the Nigeria man who attempted to set off an explosive device in a Northwest airliner was reported to have ties to Al-Qaeda.
[14:28] {fernp} looking at airlines, CAL and DAL could be fine for a scalp if break lod
[15:00] {fernp} .
[15:01] {Threei} Prez on TV
[15:11] {magoo} :(
[15:12] {Threei} ?
[15:14] {Threei} CGEN woke up
[15:15] {Threei} let's see if we get a pullback under .30
[15:16] {Threei} CGEN Update: Price target raised to $12 at Cantor Fitzgerald, maintains Buy rating
[15:16] {Threei} wow
[15:16] {Threei} let's keep it as a gap candidate
[15:17] {Threei} this is something very likely to attract attention overnight
[15:18] {Threei} Barton Biggs: USD could rise 10%; feels USD is undervalued vs the Euro (related EUR/USD )
[15:28] {Threei} a bit more on CGEN so you could make up your mind:
[15:28] {Threei} Price target raised 60% to $12 from $5 at Cantor Fitzgerald, maintains Buy rating
[15:28] {Threei} - Firm believes Roche's acquisition of two early stage assets, Alnylam's European RNAi development operations for $300M plus the RNAi delivery company, Mirus, for $125M for a total of $425M provide a good comparitor for Compugen due to the early development stage and long-term value its technology is expected to have for pharmas and diagnostic companies.
[15:30] {strider} long from 5.40 for overnight
[15:31] {fernp} I was long from .46 and sold .61
[15:32] {Threei} don't want to suggest it for right now strider, but something to consider in the future in this kind of situastion:
[15:32] {Threei} umbrella trade,
[15:32] {Threei} get double lot,
[15:32] {Threei} scalp one
[15:32] {Threei} hold another
[15:32] {strider} good idea.
[15:33] {Threei} review umbreall concept in scalping video course
[15:33] {Threei} it's exactly the situation to apply it
[15:33] {strider} In this case, I bought in another acct.
[15:34] {strider} NOt ready to hold overnight in daytrading acct.
[15:35] {fernp} me too, I use another account for overnight. holding AEO. let's see if opens with gap
[15:43] {Threei} EUR/USD CFTC: speculators have gone long the USD for the first time since May (update)
[15:44] {Threei} CFTC claims to know what side "speculators" take?
[15:44] {Threei} and just who is on another side?
[15:44] {Threei} not other speculators?
[15:44] {magoo} anti-speculators
[15:44] {Threei} sigh
[15:44] {Threei} idiocy reigns
[15:48] {dino} lol
[15:50] {Threei} I played CGEN half right
[15:50] {Threei} took double lot, that was fine,
[15:51] {Threei} sold one at .57, fine,
[15:51] {strider} not lookong too strong right now.
[15:51] {Threei} but then should have sold half lot more over .60, to replace it on pullback
[15:52] {strider} you think it's still a valid overnight?
[15:52] {Threei} it's those who don't want overnight exiting, strider
[15:52] {Threei} what changed?
[15:52] {strider} didn't run up to the high.
[15:53] {Threei} look at it from the p;oint of view of reason foer the gap
[15:53] {Threei} for those who see it after coming back home
[15:53] {strider} It's been gapping for 3 days.
[15:54] {Threei} 52 week high, news, upgrade by solid house with insane target
[15:54] {Threei} today's nwews come on the heel of the one a few days ago
[15:54] {Threei} altogether creates this "things are happening for this company" feeling for our beloved overnight buyers
[15:55] {Threei} normally this is what I want to see to buy for a gap
[15:55] {strider} ok
[15:55] {Threei} hey, I am not convincing you
[15:55] {Threei} overnight is totally discretionary
[15:55] {strider} I understand:)
[15:55] {Threei} just expressing my own approacvh
[15:56] {Threei} but risk tolerance is different
[15:56] {Threei} so....
[15:58] {fernp} AEO ending on highs holding 500 for tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {lasertrev} see ya Vad
[16:00] {fernp} AEO nice daily too, maybe screeners will spit AEO like breakout play. Let's see
Monday, December 28, 2009
Tuesday, December 22, 2009
Dec 22 2009
Another slow and profitable day. We seem to handle this slow grind with great consistency. Most of the trades are scalps but that's the nature of this beast called thin holiday trading.
Session Time: Tue Dec 22 00:00:00 2009
[08:59] {ese} morning
[09:00] {strider} morning ese
[09:01] {strider} Here's one for ya, ese: CACA
[09:01] {strider} Chardan 2008 China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:02] {Threei} Good morning
[09:02] {strider} morning, vad.
[09:03] {strider} How much CACA would you like this morning?
[09:03] {nemo} Strider's a perfect addition...he helps keep us in the gutter
[09:03] {Threei} why do I suddenly feel strong urge to go back to sleep
[09:03] {nemo} :)
[09:03] {nemo} gld
[09:04] {nemo} sorry...but it is a bit active this morning
[09:04] {ese} mornin vad
[09:05] {Threei} ese :)
[09:05] {Threei} *(US) Q3 FINAL GDP Q/Q ANNUALIZED: 2.2% V 2.8%E; PERSONAL CONSUMPTION: 2.8% V 2.9%
[09:05] {Threei} US) Q3 FINAL GDP PRICE INDEX: 0.4% V 0.5%E, CORE PCE Q/Q: 1.2% V 1.3%E
[09:05] {ese} what kind of company is that st
[09:06] {strider} China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:06] {ese} dude
[09:06] {strider} they have good intentions.
[09:08] {ese} lol
[09:09] {fernp} Good morning everybody
[09:09] {Threei} reminds me of old joke about the guy who asked father of a girl he liked permission to marry her
[09:09] {Threei} fern :)
[09:09] {Threei} answering the father's question about his income and general ability to provide a nice lifestyle for his spoiled daughter, he said
[09:10] {Threei} well, I am not much right now but I have great views (in russian it reads as both views and prospects)
[09:10] {Threei} to whch father replied:
[09:10] {Threei} views? you need a photocamera then, not my daughetr
[09:11] {Raven} rofllllllllllllll
[09:11] {Threei} sigh
[09:11] {Raven} yes
[09:12] {nemo} hey, Vad. RIMM is at that .40 or so level again. I think it's important
[09:12] {ese} too funnny
[09:13] {nemo} the joke or my comment?
[09:13] {Threei} what are you looking for?
[09:13] {Threei} breakdown?
[09:15] {nemo} well, below it, yes, it touched that level on the afternoon swing low (sweeeet chaaaariotttt...comin' for to carry me hoooommmmeee)
[09:15] {Raven} sheesh
[09:15] {nemo} if it stays above, may be the bottom of the range
[09:15] {nemo} What can I say Raven, you bring it out in me
[09:16] {Raven} [{------}]
[09:16] {nemo} more indecipherable Ravenglyphs
[09:16] {strider} tautology: {nemo} if it stays above, may be the bottom of the range
[09:16] {nemo} Yes, it seems to be shaping up as an important level
[09:17] {nemo} Hey Raven! What's your opinion on the RIMM level?
[09:17] {nemo} I think I'll be sorry I asked...
[09:20] {fernp} RIMM breakingdown
[09:20] {nemo} Look at Friday, when rimm bottomed, it broke out when it broke above the .25-.30 level
[09:22] {nemo} so, it may be the .25-.40 level is somewhat of a no-man's land
[09:24] {magoo} oprning
[09:24] {magoo} sigh
[09:24] {magoo} morning
[09:25] {Threei} magoo :)
[09:25] {magoo} what u watchin vad?
[09:26] {Threei} usual suspects
[09:26] {Threei} and dog ESLR just got news
[09:26] {Threei} Evergreen Solar Inc Solar panels chosen to Power Patriot Place
[09:26] {Threei} - Its String Ribbon solar panels have been chosen for a 525-kilowatt installation at Patriot Place, a 1.3-million-square-foot shopping, dining and entertainment complex located adjacent to Gillette Stadium, home of the New England Patriots.
[09:27] {magoo} look ATHX
[09:27] {nemo} Yeah, but alot of the shops that signed up for Patriot Place are closing down
[09:27] {Threei} TAN
[09:27] {Threei} Claymore Global Solar Energy ETF Broadpoint Amtech Raising Numbers on Solar Sector
[09:27] {Threei} - Broadpoint analysts see demand remaining elevated into 1H10.
[09:27] {Threei} - Revising fixed price deliveries higher and also sees shipments up 10-15% with a positive bias.
[09:27] {Threei} - Anticipating revising estimates higher across the board into the following 4Q09 earnings season.
[09:28] {Threei} ATHX
[09:28] {Threei} Pfizer Inc Acquires rights to Athersys Stem-cell therapy - NY Times
[09:28] {Threei} - Pfizer to develop Athersyss cells to treat inflammatory bowel disease, the companies are expected to announce on Monday.
[09:28] {Threei} - Tol pay Athersys $6M initially and up to $105M in the future.
[09:28] {Threei} - Athersyss cells, derived from human bone marrow, have not yet been tested in people with inflammatory bowel disease, a term that encompasses ulcerative colitis and Crohns disease. But the product, called MultiStem, is in early human testing as a treatment for heart attacks and for cancer patients receiving bone marrow transplants.
[09:28] {Threei} - Athersys [ATHX] was founded in 1995 and based in Cleveland
[09:29] {Threei} yesterday's news and move
[09:29] {Threei} dropped ever since open yesterday
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:30] {Threei} NTWK Wins a Information Security Contract in the Mobile Telecommunications Sector in Pakistan (0.99, +0.02, 2.06%)
[09:34] {Threei} NVDA is still climbing
[09:34] {strider} BGG
[09:35] {strider} not a lot of potential.
[09:35] {nemo} wfc weak,
[09:35] {Threei} Long Setup: RMBS .80 break if stays above .70
[09:37] {nemo} huge orer .82 on rmbs
[09:37] {Threei} let's fine tune it a bit
[09:37] {nemo} order
[09:37] {Threei} big offers at .81 and .82, and .82 is day high so far
[09:37] {Threei} so let's make a trigger .82 break
[09:38] {Threei} likely to be fast,
[09:38] {Threei} so try to grab last shares at .82 as it scrolls
[09:38] {fernp} out SOLF (from yesterday) +.33
[09:38] {magoo} in .80
[09:38] {nemo} HAH
[09:38] {Threei} wtg fern
[09:39] {nemo} that, was fast
[09:39] {fernp} ty
[09:39] {fernp} in .83
[09:39] {strider} long .81
[09:41] {Threei} should spike now over .90
[09:42] {Threei} good boy
[09:42] {fernp} ty Vad
[09:42] {Threei} over 1:1
[09:42] {Threei} welcome
[09:42] {Threei} half out for me
[09:42] {strider} out .95
[09:42] {Threei} offering over 24
[09:43] {ese} nice one on rmbs ladies and gents
[09:43] {Threei} ty
[09:43] {Threei} it was very nice of it to return and pick up those who missed the departure
[09:43] {strider} indeed.
[09:44] {Threei} US) Preview: Nov Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 6.25Me (+2.5% m/m) v 6.1M prior
[09:44] {strider} BGG had more potential than I thought.
[09:46] {Threei} mags, you took profit} partial? fell asleep?
[09:46] {Les} WAWIV?
[09:46] {Threei} yes but too far from entry, no chasing
[09:46] {magoo} partia
[09:46] {Threei} okay
[09:46] {Threei} 'cause sometimes you are scaring me by sitting in them for too long :)
[09:46] {Les} hi, what are we in?
[09:47] {Threei} RMBS from .80
[09:47] {Les} GLD
[09:47] {fernp} VMED, Vad?
[09:47] {Threei} US) Preview: Oct House Price Index (m/m) due out at 10:00ET
[09:47] {Threei} **consensus expectation: 0.2%e v 0.0% prior
[09:47] {Threei} - estimates range between -0.4% to +0.5%
[09:47] {Threei} US) Preview: Dec Richmond Fed Manufacturing Index due out at 10:00ET
[09:47] {Threei} **consensus expectation: 5e v 1 prior
[09:48] {magoo} AIG
[09:48] {Threei} I think so fern
[09:48] {fernp} thanks
[09:48] {nemo} rimm hehehe
[09:49] {ese} aig is going like a bat out of hell mags
[09:50] {magoo} careful
[09:50] {magoo} its been a disappointer
[09:52] {ese} indeed
[09:53] {Les} dino, any tickers on your list today?
[09:55] {Les} Vad, CAT long?
[09:55] {Threei} no read on CAT
[09:56] {magoo} any read AIG?
[09:56] {fernp} GNK if breaks .10, Vad?
[09:56] {ese} aig has had the crap beat out of it since sept mags....i think that this thing is due for a rebound
[09:56] {Threei} not really... momo, either resuming or fizzling out
[09:56] {dino} aixg, ades, enoc, man, nav
[09:57] {Threei} too thin fern
[09:57] {fernp} yeah, and stop is .30
[09:57] {Threei} just couple sccidental buyers can spike it over stop easy
[09:57] {fernp} true, ty
[09:58] {nemo} hgsi
[09:58] {dino} aixg hl l .35
[09:58] {nemo} C&H, break .74, sto .64
[09:58] {dino} stop is .14
[09:59] {Threei} *(US) RICHMOND FED MANUFACTURING INDEX: -4 V 5E
[09:59] {Threei} yuck
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 6.54M V 6.25M (% M/M)
[10:01] {nemo} invalimudated hgsi
[10:01] {Les} ty dino
[10:01] {dino} np
[10:02] {Threei} US) OCT HOUSE PRICE INDEX (M/M): 0.6% V 0.2%E
[10:02] {Threei} see if HGSI reestablishes
[10:03] {Threei} maybe initial reaction on numbers subsides, then order restores itself
[10:03] {strider} pls repeat hgsi call.
[10:03] {magoo} caufht some .94 rmbs'
[10:03] {Threei} .75 break if stays above .65
[10:04] {strider} thx
[10:04] {Threei} RIMM is dying
[10:04] {Threei} nemo was right
[10:04] {nemo} likely next stop .15
[10:05] {nemo} HGSI back
[10:05] {nemo} bigger stop though
[10:05] {ese} l aig .50
[10:06] {magoo} i midssed .50 went for it
[10:06] {ese} out aig .74 +.24
[10:06] {fernp} valid HGSI here, Vad?
[10:06] {ese} i just barely got in myself
[10:07] {Threei} I think so
[10:07] {Threei} .60 is more pronounced support
[10:07] {fernp} ty
[10:07] {Threei} maybe drop size a bit and keep stop under .60...
[10:07] {fernp} VMED 1:1
[10:07] {Threei} yup, nice find
[10:09] {fernp} not filled here, tried .77 :-(
[10:10] {Threei} 1:1 for .65 stop
[10:10] {Les} ty vad
[10:10] {Threei} thank nemo
[10:10] {nemo} :)
[10:10] {Threei} his find, I just provided running commentary
[10:10] {Les} no, piss off
[10:10] {Les} :)
[10:10] {nemo} with no typing mistakes either
[10:10] {nemo} You're on the list...in pen....Les
[10:11] {Les} ah the christmas list...
[10:11] {nemo} Ahhh....no...DPWFL
[10:11] {Les} ty Nemo
[10:11] {Threei} being on nemo's christmas list - can I think of anyhting more disturbing than this...
[10:12] {Les} shouldn't have taken eyes off ENOC. symmetric triangle did its thing...
[10:12] {Threei} ok mags, RMBS is over 24
[10:12] {magoo} out
[10:12] {Threei} I remove all responsibility from my shoulders from this point on
[10:12] {magoo} ty
[10:12] {Threei} :)
[10:12] {nemo} rmbs
[10:12] {nemo} sorry
[10:12] {fernp} BBY hod
[10:13] {ese} nvda going like crazy since nov 27
[10:13] {Threei} VLY Receives Approval From U.S. Treasury to Repay Its Remaining TARP Funds for approx $100.7M
[10:13] {fernp} WMT breaking hod
[10:14] {dino} enoc?
[10:15] {Threei} way too thin for me dino... not my cup of tea
[10:15] {nemo} hgsi again
[10:15] {Les} took my eyes off ENOC just after 10am.
[10:15] {Les} yeh it is thin
[10:16] {dino} 460k fat for me
[10:16] {dino} one more spike imo
[10:17] {fernp} ALL, Vad?
[10:18] {Threei} HGSI solidly over 1:1
[10:19] {Threei} sure fern
[10:19] {Threei} nice one
[10:20] {ese} mags....was there any news on aig this morning
[10:21] {magoo} i believe there was
[10:22] {ese} it's hangin up there pretty good like there has been
[10:22] {magoo} ya
[10:22] {Threei} wonders never cease:
[10:22] {Threei} OGXI Update: Thomas Weisel reiterates Overweight rating, price target $55 from $60
[10:22] {magoo} huh?
[10:26] {dino} dundee cuts to neutral
[10:27] {magoo} AIG dificult here
[10:27] {magoo} wants up, but
[10:28] {dino} ess
[10:29] {ese} ya ...i'm tempted mags....but will wait
[10:29] {nemo} ctxs short .50 if holds below .60
[10:29] {nemo} oops triggered
[10:30] {strider} iin .49
[10:31] {nemo} watch that volume strike strider if it gets by that support at .47 should be cool
[10:31] {strider} big buy at .44
[10:31] {strider} bid
[10:32] {strider} went away
[10:32] {nemo} see .42, that's at the 200 fwma
[10:33] {nemo} amzn looking short but big stop
[10:34] {nemo} partial strider
[10:34] {Threei} beasutofu;
[10:34] {Threei} beautiful too
[10:34] {strider} out in full.37
[10:34] {strider} thanks, nemo.
[10:34] {nemo} yw
[10:35] {strider} you are good for something, I guess.
[10:35] {nemo} You have no idea...
[10:36] {Les} AIG beginning to look like a short?
[10:38] {Threei} I don't see any setup on it eaither way
[10:38] {Les} yeh
[10:38] {nemo} amzn coming back to support
[10:40] {nemo} if it loses 135 could go to 134.25
[10:41] {dino} aixg stopped -.21
[10:41] {strider} looking to short HOG somewhere above 26
[10:43] {dino} scanners solid red
[10:45] {strider} DEER in the headlights, thin.
[10:47] {Les} FCX
[10:47] {strider} amzn holding well
[10:47] {nemo} drops .90 it's a short
[10:48] {nemo} was big offer at 135.04
[10:48] {strider} too big for me...but you're probably right.
[10:49] {Les} FCX short 78 break vad?
[10:49] {nemo} made a .15 range over last 8 minutes
[10:49] {nemo} excuse me, over 6 minutes
[10:49] {strider} good call, nemo
[10:50] {nemo} would be 1:1 on the short
[10:51] {nemo} fcx setting up a range, new resistance at .10, support at 77.99
[10:52] {nemo} 200 ma at .11
[10:53] {fernp} HGSI if breaks 30?
[10:53] {strider} RI
[10:53] {strider} MM new low
[10:53] {strider} RIMM
[10:54] {nemo} sorry, I missed that one
[10:54] {strider} well tighten up, nemo.
[10:54] {nemo} too many stocks, too few eyes
[10:55] {Threei} I'd like a bit more of consolidation fern
[10:55] {Threei} this is way too erratic
[10:56] {Les} rather ugly spike on hgsi
[10:56] {fernp} already in
[10:56] {fernp} out .10
[10:56] {Threei} then you have 1:1
[10:56] {nemo} rimm consolidating in range
[10:56] {fernp} lucky
[10:58] {magoo} rimm was 74 yesterday..it was 63 when annonvced..popped to 75
[10:58] {nemo} look for Rimm bounce aroud .15
[10:58] {patience} .
[10:59] {strider} that was a pointed remark.
[10:59] {Les} point taken
[10:59] {ese} aig ...everyready battery
[11:00] {nemo} bounced at .20 sorry
[11:00] {ese} l aig .82
[11:00] {Les} that's it, someone bounce Nemo from this room...
[11:00] {fernp} AET breaking lod
[11:01] {ese} out aig .90 +.08
[11:02] {ese} wow
[11:02] {dino} hk s enoc .30
[11:02] {nemo} if rimm gets through .15 it's clear sailing for almost 2.00
[11:02] {ese} smokers
[11:03] {dino} hl i mean
[11:04] {Threei} AIG pullback is coming
[11:05] {ese} not the way it's going today
[11:05] {ese} nowhere to get back in
[11:05] {Threei} oh well... not chasing anyway
[11:06] {ese} me either
[11:06] {fernp} AET looks nice if loses 34
[11:08] {Les} FCX
[11:08] {Les} about to break lod
[11:13] {dino} pwrd gap fill, sept
[11:14] {nemo} tight range amzn, large bid 134, not moving up with market
[11:15] {nemo} big offer 08
[11:15] {ese} aig short covering i guess
[11:16] {ese} panic short covering
[11:16] {magoo} bored traders gravitating to it
[11:16] {Threei} careful with this thing...
[11:16] {Threei} it was never an easy trader,
[11:16] {Threei} except that summer rally on it
[11:17] {Threei} and we are having another nice day today, this one is exactly what can ruin it
[11:17] {ese} you reering to aig
[11:17] {ese} referrng
[11:17] {Threei} yes
[11:17] {Threei} let me distrasct you for a minute instead
[11:17] {ese} ya definitely
[11:17] {Threei} just two for now, will add more later
[11:17] {Threei} http://www.realitytrader.com/photography/2009/12/christmas-lights.html
[11:18] {ese} thats why i took the quick hit.....i don't trust it
[11:18] {dino} wag hl l .70
[11:19] {ilana} are you long PWRD, dino?
[11:19] {dino} aixg hl l .23 last try
[11:22] {fernp} Vad, What is the correct stop for AET, .10 or .15,?
[11:22] {Threei} both are valid
[11:22] {Threei} even .05 is
[11:23] {strider} nice pics, vad. Is that your house?
[11:23] {Threei} yeah, and that's me on the top
[11:24] {strider} Don't let Bill Gates see this. He thinks he's got a house.
[11:24] {dino} not yet ilana
[11:24] {ese} l fitb.29
[11:25] {dino} ilana, not yet
[11:25] {dino} opps
[11:30] {nemo} amzn flirting with support again
[11:30] {dino} hl l pwrd .05
[11:31] {magoo} rimm holding in this mkt pllbk
[11:32] {dino} .87 stop
[11:32] {nemo} got volume spikes at support and re-test on amzn
[11:36] {magoo} look AIG now
[11:36] {magoo} brutal
[11:37] {Threei} it is
[11:37] {Threei} and worst thing is:
[11:37] {Threei} this level of which it dropped, was not any different from a few others before that didn't provide a drop
[11:38] {Threei} no tell where to continue pushing l.ong and where to go for reversal
[11:38] {dino} pwrd stopped -.27
[11:39] {fernp} PGF interesting
[11:39] {nemo} rimm might be offering a long here .75 break stop under .65
[11:39] {magoo} i had it long 29.60
[11:39] {magoo} it fell took me out 29.50
[11:40] {magoo} then blast off
[11:40] {magoo} i missed the entire ru
[11:40] {magoo} run
[11:40] {nemo} what time mags?
[11:40] {dino} aixg stopped -.25
[11:41] {ese} man....the spreads on fslr are crazy...always between .15 and .30 cents....can't believe i tried playing thqt thing at one time
[11:41] {magoo} 10:32 strid
[11:42] {dino} i pretty much suck today
[11:42] {magoo} worste stop i ever kept SIGH
[11:42] {nemo} yeah
[11:43] {magoo} see AIg hasnt run like this in 6 weeks...lulls u into not believing...then POW
[11:47] {fernp} AET 1:1
[11:47] {Threei} AET 1:1
[11:47] {Threei} lol
[11:47] {Threei} machine gun sound of your bid being hit alerted you to it?
[11:48] {Threei} or you don't use sound alert?
[11:48] {fernp} lol
[11:48] {magoo} luv that sound..cant trade with out
[11:48] {Threei} that was my gift to you mags
[11:48] {Threei} I totally love it
[11:48] {fernp} yes register cash (i thinhk)
[11:48] {magoo} it was I CANT without
[11:48] {Threei} ok... fern has his own
[11:50] {fernp} my sound is very similar to the sound you use in your videos
[11:50] {Threei} for executed orders?
[11:51] {fernp} y
[11:51] {Threei} ok... if you want to try the original, wistle... I'll send it to you :)
[11:51] {Threei} whistle
[11:51] {magoo} everyone should have it
[11:52] {magoo} its made dino DUCK and run for cover on huge blocks
[11:52] {Threei} how about I just upload it on the website
[11:52] {fernp} please, do it
[11:53] {nemo} check your mail Vad
[11:54] {nemo} I think your's is a camera click, Vad
[11:54] {Threei} http://realitytrader.com/vad/
[11:54] {Threei} scroll down to
[11:54] {Threei} click.wav
[11:54] {Threei} right click, save as
[11:56] {dino} met l off .60
[11:56] {magoo} vad, do u have to be in laser to use that?
[11:59] {Threei} hmm?
[11:59] {Threei} sorry, don't understand
[11:59] {magoo} can dino load that click to work with cyber?
[12:01] {dino} don't want it
[12:01] {fernp} if cyber allows link a sound whe your order is executed, then yes
[12:04] {Threei} yeah, it's just a sound file
[12:04] {Threei} whatever uses them can use it
[12:05] {strider} Are ECN limit orders executed by first-in-first-out?
[12:05] {strider} AET spike
[12:05] {fernp} look at AET, hit 1:1 and bounced
[12:07] {ese} l fitb avg .27
[12:09] {strider} stop DEER +.66, from yesterday.
[12:10] {fernp} gj
[12:11] {strider} :)
[12:11] {nemo} hey, dino, take a look at FDX
[12:11] {ese} nice one st.......
[12:11] {dino} hmmm
[12:12] {strider} vad, you're falling down on the job.
[12:12] {strider} Who's on TV?
[12:12] {Threei} hmmm
[12:12] {Threei} not on mine
[12:13] {nemo} Brittany Murphy?
[12:13] {magoo} news F vad
[12:13] {strider} Big O meeting with community bankers.
[12:13] {dino} dagny taggart?
[12:14] {Threei} nothing fresh
[12:14] {magoo} tyATHX
[12:17] {Threei} ahha!
[12:17] {Threei} guess who is on TV
[12:18] {nemo} Halle Berry?
[12:18] {Threei} you wish
[12:18] {magoo} rupert from survivor?
[12:18] {strider} Debra Kara Unger
[12:18] {dino} grrr pwrd
[12:18] {Threei} ummm... mags.... you stay away from me...
[12:19] {strider} At least it wasn't Richard from survivor.
[12:19] {strider} I think he's still in prison.
[12:19] {nemo} probably loving every minute of it
[12:20] {dino} lol
[12:20] {strider} ....and that's the long and the short of it.
[12:20] {nemo} BWAHHAHAHAHAHAHAHAAAAA
06[12:20] * magoo slaps nemo around a bit with a large trout
[12:22] {strider} HGSI spike
[12:23] {dino} enoc stopped
[12:23] {strider} BRCD c&h daily, fwiw
[12:23] {strider} filled gap
[12:24] {magoo} MNKD
[12:24] {dino} rino hl l .88
[12:34] {fernp} PFG 1:1
[12:38] {strider} AET nice traingle
[12:38] {fernp} ALL 1:1
[12:49] {strider} VIX 19.86
[12:49] {nemo} aig
[12:55] {Threei} OGXI
[12:55] {Threei} OncoGenex Pharmaceuticals, Inc Update: Price Target raised to $56 from $40 at Wedbush, maintains Outperform rating
[12:55] {Threei} - Note: OGXI and Teva Pharmaceuticals agreed to a worldwide development and commercialization agreement for OGX-011 in the prostate cancer and non-small cell lung cancer settings.
[12:55] {Threei} - OGXI will receive a $60M upfront payment and is eligible to receive up to $370M in clinical, regulatory and commercialization milestones, as well as royalties on all sales in the mid-teens to mid-twenties (firm expects royalties to net out at approximately 20%). The $60M upfront payment includes $10M equity investment (at $37.38/share), a $20M cash payment and $30M in pre-reimbursement for OGX-011 development costs.
[12:56] {Threei} will we ever know what cut OGXI almost in half yesterday?
[12:57] {Threei} quite amazing, and maybe unprecedented: such drop with no apprent rteason and no even next day explanation
[12:58] {nemo} .75 imporant level for rimm...lotsa offers
[12:59] {strider} Apparently nothing other than that licensing deal.
[13:04] {nemo} amzn forming a concentric triangle
[13:07] {fernp} airlines happy UAUA, CAL, AMR, LCC, SKYW
[13:07] {Threei} DAL
[13:08] {fernp} dont forget JBLU
[13:12] {Threei} Senator Nelson: HHS' Inspector General has agreed to look at prescription drug price increases (related PPH )
[13:14] {strider} long OXGI .72
[13:14] {strider} for longer term hold
[13:17] {fernp} OGXI
[13:17] {fernp} longer term? till the end of the session? :-)
[13:20] {strider} till the end of time.
[13:20] {strider} for a swing trade.
[13:20] {fernp} i know :-) HIG .20 break, Vad?
[13:21] {Threei} if you are up to struggle for 5 cents
[13:21] {fernp} if the stop is 5 cents too. why not? :-)
[13:22] {strider} OGXI is going momo
[13:22] {Threei} strider... swing trade may be coming to an end {G}
[13:23] {strider} I'll take 26 bucks for mine. :)
[13:24] {strider} here comes 23
[13:24] {fernp} WFC a bit more active then HIG
[13:24] {fernp} than
[13:25] {nemo} V short if it breaks .95 stop .00 will need market help
[13:26] {strider} FSLR
[13:31] {nemo} v invalidated
[13:39] {nemo} v back in the range
[13:40] {magoo} wat we looking ayt vad?
[13:41] {Threei} nothing right now
[13:42] {Threei} but will start trying to find something soon
[13:42] {fernp} WFC 1:1
[13:43] {magoo} keep eye on ATHX
[13:43] {magoo} RDN
[13:43] {magoo} AIG
[13:43] {magoo} 3..1 for each eye
[13:44] {Threei} hmmm
[13:44] {magoo} vad, dcc
[13:50] {fernp} 1:1 HIG
[13:51] {fernp} what happening? nine trades today and not a single stop? something is wrong... :-)
[13:52] {Threei} sure is
[13:52] {Threei} what kind of trading is this
[13:53] {Threei} you need to stop it immediately
[13:53] {fernp} lol
[13:55] {strider} I'm 3 for 3, and kinda just cruising for now.
[13:55] {strider} fern.....my hero.
[13:56] {fernp} me? nemo is the hero here
[13:56] {nemo} anti-hero
[13:56] {strider} gyro.
[13:56] {nemo} yeah, arguably I spun out of orbit a long time ago
[13:57] {strider} I was likening you to a greek sandwich.
[13:57] {nemo} yeah, sheep meat
[13:57] {strider} always back to sheep, huh?
[13:59] {nemo} wasn't me that mentioned gyros
[14:00] {strider} I can't deal with this woolly thinking.
[14:01] {Threei} US) California Association of Realtors: Nov home sales +4.7%; Median price +5.8%
[14:01] {Threei} - inventory of homes to 4.5 months of supply
[14:02] {strider} OGXI may be gearing up for another run.
[14:03] {lasertrev} strider dcc
[14:03] {Threei} this is quite something:
[14:03] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
[14:04] {dino} met stopped flat
[14:09] {nemo} amzn flirting again with .60...big bid
[14:09] {strider} HIG at hod
[14:10] {nemo} huh, maybe your HOD
[14:10] {Threei} (CH) US Trade Representative: Chinese trade moving towards more restrictive practices; raise questions about commitment to WTO
[14:10] {Threei} - will use US trade laws to preserve US interests against Chinese import surges.
[14:10] {Threei} - hoping to continue progress with China on trade issues in 2010.
[14:11] {strider} 23.35 on LVL 1
[14:11] {strider} I was speaking generally...not at exact cent.
[14:11] {nemo} 10 minutes ago...sheesh :)
06[14:12] * strider slaps nemo around a bit with a large sundial
06[14:12] * nemo slaps strider around a bit with a large Mickey Mouse Watch
[14:13] {nemo} well, I think amazon goes to .25
[14:13] {nemo} then maybe to .76
[14:14] {strider} Are you trading AMZN or just irritating it?
[14:15] {nemo} traded it earlier on a short under 135
[14:15] {strider} still holding?:)
[14:15] {nemo} no
[14:18] {strider} ADM: U.S. finds salmonella in Canada canola meal shipped by Archer Daniels subsidary
[14:18] {strider} This is being reported by Reuters, citing FDA records
[14:18] {strider} All you canola canucks, be careful.
[14:18] {nemo} gag
[14:19] {strider} did you get some too?
[14:19] {nemo} no, your sense of humor
[14:19] {strider} That wasn't humour. That was alliteration.
[14:20] {nemo} A witty attempt at humorous alliteration then
[14:20] {Threei} you guys make me feel better abiut my sense of humor
[14:21] {nemo} What sense of humor?
[14:21] {strider} aw, no need for that, vad.
[14:21] {Threei} keeping an eye on OGXI
[14:22] {Threei} if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[14:22] {nemo} Ho Ho Ho
[14:23] {nemo} rimm coughing up the furball again
[14:30] {nemo} look at RIMM .44 level
[14:31] {nemo} so much for that
[14:33] {nemo} look at the volumes
[14:40] {dino} met l .51
[14:41] {dino} sm l v .10
[14:42] {dino} fdx lod
[14:45] {magoo} aig
[14:46] {Threei} probably deserves a chance onn .10 break
[14:47] {nemo} double top at .15
[14:47] {Threei} first top being two hours ago??
[14:47] {Threei} nah
[14:47] {Threei} lost support anyway... moot point
[14:56] {nemo} you in aig mags?
[14:56] {magoo} yup
[14:57] {nemo} where?
[14:57] {magoo} .10
[14:57] {fernp} ACI and MEE look fine for a scalp
[14:59] {strider} HIG
[15:00] {Threei} 1:1
[15:00] {Threei} LULU
[15:01] {Threei} Ticks up after CNBC guest James Altucher of Formula Capital recommends the stock into year end
[15:01] {strider} good idea.
[15:04] {magoo} that sucked
[15:04] {magoo} hate aug
[15:05] {strider} I think the feeling is mutual, mags.
[15:07] {fernp} AKS trying to break .70 with a nice daily
[15:09] {strider} OGXI trying again.
[15:09] {Threei} US Senate determines vote for Health Care reform bill to take place at 8:00am ET on Thursday, Dec 24
[15:11] {strider} new high
[15:13] {magoo} ogxi vad?
[15:15] {Threei} 14:21] {Alert} Threei keeping an eye on OGXI
[15:15] {Threei} [14:22] {Alert} Threei if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[15:15] {Threei} feels like preparing
[15:15] {Threei} 23 rejects it, it returns right back
[15:16] {Threei} bodes well for a break-and-run
[15:21] {magoo} where the pllnbk entry vad?
[15:21] {Threei} I have no idea
[15:21] {Threei} you are pushing it mags
[15:21] {Threei} look at the volumes
[15:21] {Threei} look at the activity
[15:21] {Threei} or lack thereof
[15:22] {Threei} these days work for us exactly because we stay nimble
[15:22] {magoo} gotcha, not in iyt
[15:22] {Threei} start squeezing trades and you will be buried under stops
[15:22] {magoo} ya ya
[15:22] {magoo} (blood diamond)
06[15:22] * strider slaps magoo around a bit with a large bottle of valium
[15:23] {magoo} "in the states its bling bling luv..here it bling BANG"
[15:23] {strider} going from AIG to OGXI is quite a change:)
[15:29] {strider} Anybody here ever traded the vix?
[15:31] {dino} no
[15:31] {strider} I guess it's pretty, uh........volatile.
[15:33] {Threei} well
[15:33] {Threei} will it or will it not
[15:34] {strider} market just hasn't realized how incredibly valuable this stock is.
[15:35] {Threei} uhhu
[15:35] {Threei} it has whole 4 letters
[15:35] {nemo} frickin lulu
[15:43] {dino} out wag .88, +.18 all day
[15:48] {dino} out met +.04
[15:48] {nemo} paint dry yet?
[15:48] {Threei} CLNE second day climb
[15:52] {nemo} Mmmmhhhhhh RIMM finishing near the low of the day???
[15:53] {Threei} too bad we are so close to eod
[15:53] {Threei} both LULU and OXGI look likel ready for another leg
[15:54] {nemo} yeah, and rimm will gap down big overnight
[15:54] {strider} LULU waits for no man.
[15:54] {Threei} there you go LULU
[15:54] {strider} maybe they'll gap up tomorrow.
[15:54] {Threei} I prepared:
[15:54] {Threei} and there you go OGXI
[15:55] {Threei} and waiting to use it
[15:55] {strider} save it till morning.
[15:55] {Threei} 5 minutes still
[15:55] {nemo} whoa rimm
[15:55] {Threei} yeah
[15:55] {Threei} what was it about furball
[15:56] {Threei} or hairball
[15:56] {nemo} yep.
[15:57] {Threei} our consistency is quite amazing these days
[15:57] {nemo} big buying this level rimm
[15:57] {nemo} new low though
[15:57] {strider} don't say that, vad. Say...back to normal consistency.
[15:58] {Threei} yes,
[15:58] {Threei} I mean for this low volume holiday trading
[15:58] {strider} ah
[15:58] {Threei} normal consistency is very abnormal
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening
[15:59] {nemo} gnite
[15:59] {Threei} see you tomorrow
[15:59] {strider} thank you , vad.
[16:00] {dino} out v .25, +.15
Session Time: Tue Dec 22 00:00:00 2009
[08:59] {ese} morning
[09:00] {strider} morning ese
[09:01] {strider} Here's one for ya, ese: CACA
[09:01] {strider} Chardan 2008 China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:02] {Threei} Good morning
[09:02] {strider} morning, vad.
[09:03] {strider} How much CACA would you like this morning?
[09:03] {nemo} Strider's a perfect addition...he helps keep us in the gutter
[09:03] {Threei} why do I suddenly feel strong urge to go back to sleep
[09:03] {nemo} :)
[09:03] {nemo} gld
[09:04] {nemo} sorry...but it is a bit active this morning
[09:04] {ese} mornin vad
[09:05] {Threei} ese :)
[09:05] {Threei} *(US) Q3 FINAL GDP Q/Q ANNUALIZED: 2.2% V 2.8%E; PERSONAL CONSUMPTION: 2.8% V 2.9%
[09:05] {Threei} US) Q3 FINAL GDP PRICE INDEX: 0.4% V 0.5%E, CORE PCE Q/Q: 1.2% V 1.3%E
[09:05] {ese} what kind of company is that st
[09:06] {strider} China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:06] {ese} dude
[09:06] {strider} they have good intentions.
[09:08] {ese} lol
[09:09] {fernp} Good morning everybody
[09:09] {Threei} reminds me of old joke about the guy who asked father of a girl he liked permission to marry her
[09:09] {Threei} fern :)
[09:09] {Threei} answering the father's question about his income and general ability to provide a nice lifestyle for his spoiled daughter, he said
[09:10] {Threei} well, I am not much right now but I have great views (in russian it reads as both views and prospects)
[09:10] {Threei} to whch father replied:
[09:10] {Threei} views? you need a photocamera then, not my daughetr
[09:11] {Raven} rofllllllllllllll
[09:11] {Threei} sigh
[09:11] {Raven} yes
[09:12] {nemo} hey, Vad. RIMM is at that .40 or so level again. I think it's important
[09:12] {ese} too funnny
[09:13] {nemo} the joke or my comment?
[09:13] {Threei} what are you looking for?
[09:13] {Threei} breakdown?
[09:15] {nemo} well, below it, yes, it touched that level on the afternoon swing low (sweeeet chaaaariotttt...comin' for to carry me hoooommmmeee)
[09:15] {Raven} sheesh
[09:15] {nemo} if it stays above, may be the bottom of the range
[09:15] {nemo} What can I say Raven, you bring it out in me
[09:16] {Raven} [{------}]
[09:16] {nemo} more indecipherable Ravenglyphs
[09:16] {strider} tautology: {nemo} if it stays above, may be the bottom of the range
[09:16] {nemo} Yes, it seems to be shaping up as an important level
[09:17] {nemo} Hey Raven! What's your opinion on the RIMM level?
[09:17] {nemo} I think I'll be sorry I asked...
[09:20] {fernp} RIMM breakingdown
[09:20] {nemo} Look at Friday, when rimm bottomed, it broke out when it broke above the .25-.30 level
[09:22] {nemo} so, it may be the .25-.40 level is somewhat of a no-man's land
[09:24] {magoo} oprning
[09:24] {magoo} sigh
[09:24] {magoo} morning
[09:25] {Threei} magoo :)
[09:25] {magoo} what u watchin vad?
[09:26] {Threei} usual suspects
[09:26] {Threei} and dog ESLR just got news
[09:26] {Threei} Evergreen Solar Inc Solar panels chosen to Power Patriot Place
[09:26] {Threei} - Its String Ribbon solar panels have been chosen for a 525-kilowatt installation at Patriot Place, a 1.3-million-square-foot shopping, dining and entertainment complex located adjacent to Gillette Stadium, home of the New England Patriots.
[09:27] {magoo} look ATHX
[09:27] {nemo} Yeah, but alot of the shops that signed up for Patriot Place are closing down
[09:27] {Threei} TAN
[09:27] {Threei} Claymore Global Solar Energy ETF Broadpoint Amtech Raising Numbers on Solar Sector
[09:27] {Threei} - Broadpoint analysts see demand remaining elevated into 1H10.
[09:27] {Threei} - Revising fixed price deliveries higher and also sees shipments up 10-15% with a positive bias.
[09:27] {Threei} - Anticipating revising estimates higher across the board into the following 4Q09 earnings season.
[09:28] {Threei} ATHX
[09:28] {Threei} Pfizer Inc Acquires rights to Athersys Stem-cell therapy - NY Times
[09:28] {Threei} - Pfizer to develop Athersyss cells to treat inflammatory bowel disease, the companies are expected to announce on Monday.
[09:28] {Threei} - Tol pay Athersys $6M initially and up to $105M in the future.
[09:28] {Threei} - Athersyss cells, derived from human bone marrow, have not yet been tested in people with inflammatory bowel disease, a term that encompasses ulcerative colitis and Crohns disease. But the product, called MultiStem, is in early human testing as a treatment for heart attacks and for cancer patients receiving bone marrow transplants.
[09:28] {Threei} - Athersys [ATHX] was founded in 1995 and based in Cleveland
[09:29] {Threei} yesterday's news and move
[09:29] {Threei} dropped ever since open yesterday
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:30] {Threei} NTWK Wins a Information Security Contract in the Mobile Telecommunications Sector in Pakistan (0.99, +0.02, 2.06%)
[09:34] {Threei} NVDA is still climbing
[09:34] {strider} BGG
[09:35] {strider} not a lot of potential.
[09:35] {nemo} wfc weak,
[09:35] {Threei} Long Setup: RMBS .80 break if stays above .70
[09:37] {nemo} huge orer .82 on rmbs
[09:37] {Threei} let's fine tune it a bit
[09:37] {nemo} order
[09:37] {Threei} big offers at .81 and .82, and .82 is day high so far
[09:37] {Threei} so let's make a trigger .82 break
[09:38] {Threei} likely to be fast,
[09:38] {Threei} so try to grab last shares at .82 as it scrolls
[09:38] {fernp} out SOLF (from yesterday) +.33
[09:38] {magoo} in .80
[09:38] {nemo} HAH
[09:38] {Threei} wtg fern
[09:39] {nemo} that, was fast
[09:39] {fernp} ty
[09:39] {fernp} in .83
[09:39] {strider} long .81
[09:41] {Threei} should spike now over .90
[09:42] {Threei} good boy
[09:42] {fernp} ty Vad
[09:42] {Threei} over 1:1
[09:42] {Threei} welcome
[09:42] {Threei} half out for me
[09:42] {strider} out .95
[09:42] {Threei} offering over 24
[09:43] {ese} nice one on rmbs ladies and gents
[09:43] {Threei} ty
[09:43] {Threei} it was very nice of it to return and pick up those who missed the departure
[09:43] {strider} indeed.
[09:44] {Threei} US) Preview: Nov Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 6.25Me (+2.5% m/m) v 6.1M prior
[09:44] {strider} BGG had more potential than I thought.
[09:46] {Threei} mags, you took profit} partial? fell asleep?
[09:46] {Les} WAWIV?
[09:46] {Threei} yes but too far from entry, no chasing
[09:46] {magoo} partia
[09:46] {Threei} okay
[09:46] {Threei} 'cause sometimes you are scaring me by sitting in them for too long :)
[09:46] {Les} hi, what are we in?
[09:47] {Threei} RMBS from .80
[09:47] {Les} GLD
[09:47] {fernp} VMED, Vad?
[09:47] {Threei} US) Preview: Oct House Price Index (m/m) due out at 10:00ET
[09:47] {Threei} **consensus expectation: 0.2%e v 0.0% prior
[09:47] {Threei} - estimates range between -0.4% to +0.5%
[09:47] {Threei} US) Preview: Dec Richmond Fed Manufacturing Index due out at 10:00ET
[09:47] {Threei} **consensus expectation: 5e v 1 prior
[09:48] {magoo} AIG
[09:48] {Threei} I think so fern
[09:48] {fernp} thanks
[09:48] {nemo} rimm hehehe
[09:49] {ese} aig is going like a bat out of hell mags
[09:50] {magoo} careful
[09:50] {magoo} its been a disappointer
[09:52] {ese} indeed
[09:53] {Les} dino, any tickers on your list today?
[09:55] {Les} Vad, CAT long?
[09:55] {Threei} no read on CAT
[09:56] {magoo} any read AIG?
[09:56] {fernp} GNK if breaks .10, Vad?
[09:56] {ese} aig has had the crap beat out of it since sept mags....i think that this thing is due for a rebound
[09:56] {Threei} not really... momo, either resuming or fizzling out
[09:56] {dino} aixg, ades, enoc, man, nav
[09:57] {Threei} too thin fern
[09:57] {fernp} yeah, and stop is .30
[09:57] {Threei} just couple sccidental buyers can spike it over stop easy
[09:57] {fernp} true, ty
[09:58] {nemo} hgsi
[09:58] {dino} aixg hl l .35
[09:58] {nemo} C&H, break .74, sto .64
[09:58] {dino} stop is .14
[09:59] {Threei} *(US) RICHMOND FED MANUFACTURING INDEX: -4 V 5E
[09:59] {Threei} yuck
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 6.54M V 6.25M (% M/M)
[10:01] {nemo} invalimudated hgsi
[10:01] {Les} ty dino
[10:01] {dino} np
[10:02] {Threei} US) OCT HOUSE PRICE INDEX (M/M): 0.6% V 0.2%E
[10:02] {Threei} see if HGSI reestablishes
[10:03] {Threei} maybe initial reaction on numbers subsides, then order restores itself
[10:03] {strider} pls repeat hgsi call.
[10:03] {magoo} caufht some .94 rmbs'
[10:03] {Threei} .75 break if stays above .65
[10:04] {strider} thx
[10:04] {Threei} RIMM is dying
[10:04] {Threei} nemo was right
[10:04] {nemo} likely next stop .15
[10:05] {nemo} HGSI back
[10:05] {nemo} bigger stop though
[10:05] {ese} l aig .50
[10:06] {magoo} i midssed .50 went for it
[10:06] {ese} out aig .74 +.24
[10:06] {fernp} valid HGSI here, Vad?
[10:06] {ese} i just barely got in myself
[10:07] {Threei} I think so
[10:07] {Threei} .60 is more pronounced support
[10:07] {fernp} ty
[10:07] {Threei} maybe drop size a bit and keep stop under .60...
[10:07] {fernp} VMED 1:1
[10:07] {Threei} yup, nice find
[10:09] {fernp} not filled here, tried .77 :-(
[10:10] {Threei} 1:1 for .65 stop
[10:10] {Les} ty vad
[10:10] {Threei} thank nemo
[10:10] {nemo} :)
[10:10] {Threei} his find, I just provided running commentary
[10:10] {Les} no, piss off
[10:10] {Les} :)
[10:10] {nemo} with no typing mistakes either
[10:10] {nemo} You're on the list...in pen....Les
[10:11] {Les} ah the christmas list...
[10:11] {nemo} Ahhh....no...DPWFL
[10:11] {Les} ty Nemo
[10:11] {Threei} being on nemo's christmas list - can I think of anyhting more disturbing than this...
[10:12] {Les} shouldn't have taken eyes off ENOC. symmetric triangle did its thing...
[10:12] {Threei} ok mags, RMBS is over 24
[10:12] {magoo} out
[10:12] {Threei} I remove all responsibility from my shoulders from this point on
[10:12] {magoo} ty
[10:12] {Threei} :)
[10:12] {nemo} rmbs
[10:12] {nemo} sorry
[10:12] {fernp} BBY hod
[10:13] {ese} nvda going like crazy since nov 27
[10:13] {Threei} VLY Receives Approval From U.S. Treasury to Repay Its Remaining TARP Funds for approx $100.7M
[10:13] {fernp} WMT breaking hod
[10:14] {dino} enoc?
[10:15] {Threei} way too thin for me dino... not my cup of tea
[10:15] {nemo} hgsi again
[10:15] {Les} took my eyes off ENOC just after 10am.
[10:15] {Les} yeh it is thin
[10:16] {dino} 460k fat for me
[10:16] {dino} one more spike imo
[10:17] {fernp} ALL, Vad?
[10:18] {Threei} HGSI solidly over 1:1
[10:19] {Threei} sure fern
[10:19] {Threei} nice one
[10:20] {ese} mags....was there any news on aig this morning
[10:21] {magoo} i believe there was
[10:22] {ese} it's hangin up there pretty good like there has been
[10:22] {magoo} ya
[10:22] {Threei} wonders never cease:
[10:22] {Threei} OGXI Update: Thomas Weisel reiterates Overweight rating, price target $55 from $60
[10:22] {magoo} huh?
[10:26] {dino} dundee cuts to neutral
[10:27] {magoo} AIG dificult here
[10:27] {magoo} wants up, but
[10:28] {dino} ess
[10:29] {ese} ya ...i'm tempted mags....but will wait
[10:29] {nemo} ctxs short .50 if holds below .60
[10:29] {nemo} oops triggered
[10:30] {strider} iin .49
[10:31] {nemo} watch that volume strike strider if it gets by that support at .47 should be cool
[10:31] {strider} big buy at .44
[10:31] {strider} bid
[10:32] {strider} went away
[10:32] {nemo} see .42, that's at the 200 fwma
[10:33] {nemo} amzn looking short but big stop
[10:34] {nemo} partial strider
[10:34] {Threei} beasutofu;
[10:34] {Threei} beautiful too
[10:34] {strider} out in full.37
[10:34] {strider} thanks, nemo.
[10:34] {nemo} yw
[10:35] {strider} you are good for something, I guess.
[10:35] {nemo} You have no idea...
[10:36] {Les} AIG beginning to look like a short?
[10:38] {Threei} I don't see any setup on it eaither way
[10:38] {Les} yeh
[10:38] {nemo} amzn coming back to support
[10:40] {nemo} if it loses 135 could go to 134.25
[10:41] {dino} aixg stopped -.21
[10:41] {strider} looking to short HOG somewhere above 26
[10:43] {dino} scanners solid red
[10:45] {strider} DEER in the headlights, thin.
[10:47] {Les} FCX
[10:47] {strider} amzn holding well
[10:47] {nemo} drops .90 it's a short
[10:48] {nemo} was big offer at 135.04
[10:48] {strider} too big for me...but you're probably right.
[10:49] {Les} FCX short 78 break vad?
[10:49] {nemo} made a .15 range over last 8 minutes
[10:49] {nemo} excuse me, over 6 minutes
[10:49] {strider} good call, nemo
[10:50] {nemo} would be 1:1 on the short
[10:51] {nemo} fcx setting up a range, new resistance at .10, support at 77.99
[10:52] {nemo} 200 ma at .11
[10:53] {fernp} HGSI if breaks 30?
[10:53] {strider} RI
[10:53] {strider} MM new low
[10:53] {strider} RIMM
[10:54] {nemo} sorry, I missed that one
[10:54] {strider} well tighten up, nemo.
[10:54] {nemo} too many stocks, too few eyes
[10:55] {Threei} I'd like a bit more of consolidation fern
[10:55] {Threei} this is way too erratic
[10:56] {Les} rather ugly spike on hgsi
[10:56] {fernp} already in
[10:56] {fernp} out .10
[10:56] {Threei} then you have 1:1
[10:56] {nemo} rimm consolidating in range
[10:56] {fernp} lucky
[10:58] {magoo} rimm was 74 yesterday..it was 63 when annonvced..popped to 75
[10:58] {nemo} look for Rimm bounce aroud .15
[10:58] {patience} .
[10:59] {strider} that was a pointed remark.
[10:59] {Les} point taken
[10:59] {ese} aig ...everyready battery
[11:00] {nemo} bounced at .20 sorry
[11:00] {ese} l aig .82
[11:00] {Les} that's it, someone bounce Nemo from this room...
[11:00] {fernp} AET breaking lod
[11:01] {ese} out aig .90 +.08
[11:02] {ese} wow
[11:02] {dino} hk s enoc .30
[11:02] {nemo} if rimm gets through .15 it's clear sailing for almost 2.00
[11:02] {ese} smokers
[11:03] {dino} hl i mean
[11:04] {Threei} AIG pullback is coming
[11:05] {ese} not the way it's going today
[11:05] {ese} nowhere to get back in
[11:05] {Threei} oh well... not chasing anyway
[11:06] {ese} me either
[11:06] {fernp} AET looks nice if loses 34
[11:08] {Les} FCX
[11:08] {Les} about to break lod
[11:13] {dino} pwrd gap fill, sept
[11:14] {nemo} tight range amzn, large bid 134, not moving up with market
[11:15] {nemo} big offer 08
[11:15] {ese} aig short covering i guess
[11:16] {ese} panic short covering
[11:16] {magoo} bored traders gravitating to it
[11:16] {Threei} careful with this thing...
[11:16] {Threei} it was never an easy trader,
[11:16] {Threei} except that summer rally on it
[11:17] {Threei} and we are having another nice day today, this one is exactly what can ruin it
[11:17] {ese} you reering to aig
[11:17] {ese} referrng
[11:17] {Threei} yes
[11:17] {Threei} let me distrasct you for a minute instead
[11:17] {ese} ya definitely
[11:17] {Threei} just two for now, will add more later
[11:17] {Threei} http://www.realitytrader.com/photography/2009/12/christmas-lights.html
[11:18] {ese} thats why i took the quick hit.....i don't trust it
[11:18] {dino} wag hl l .70
[11:19] {ilana} are you long PWRD, dino?
[11:19] {dino} aixg hl l .23 last try
[11:22] {fernp} Vad, What is the correct stop for AET, .10 or .15,?
[11:22] {Threei} both are valid
[11:22] {Threei} even .05 is
[11:23] {strider} nice pics, vad. Is that your house?
[11:23] {Threei} yeah, and that's me on the top
[11:24] {strider} Don't let Bill Gates see this. He thinks he's got a house.
[11:24] {dino} not yet ilana
[11:24] {ese} l fitb.29
[11:25] {dino} ilana, not yet
[11:25] {dino} opps
[11:30] {nemo} amzn flirting with support again
[11:30] {dino} hl l pwrd .05
[11:31] {magoo} rimm holding in this mkt pllbk
[11:32] {dino} .87 stop
[11:32] {nemo} got volume spikes at support and re-test on amzn
[11:36] {magoo} look AIG now
[11:36] {magoo} brutal
[11:37] {Threei} it is
[11:37] {Threei} and worst thing is:
[11:37] {Threei} this level of which it dropped, was not any different from a few others before that didn't provide a drop
[11:38] {Threei} no tell where to continue pushing l.ong and where to go for reversal
[11:38] {dino} pwrd stopped -.27
[11:39] {fernp} PGF interesting
[11:39] {nemo} rimm might be offering a long here .75 break stop under .65
[11:39] {magoo} i had it long 29.60
[11:39] {magoo} it fell took me out 29.50
[11:40] {magoo} then blast off
[11:40] {magoo} i missed the entire ru
[11:40] {magoo} run
[11:40] {nemo} what time mags?
[11:40] {dino} aixg stopped -.25
[11:41] {ese} man....the spreads on fslr are crazy...always between .15 and .30 cents....can't believe i tried playing thqt thing at one time
[11:41] {magoo} 10:32 strid
[11:42] {dino} i pretty much suck today
[11:42] {magoo} worste stop i ever kept SIGH
[11:42] {nemo} yeah
[11:43] {magoo} see AIg hasnt run like this in 6 weeks...lulls u into not believing...then POW
[11:47] {fernp} AET 1:1
[11:47] {Threei} AET 1:1
[11:47] {Threei} lol
[11:47] {Threei} machine gun sound of your bid being hit alerted you to it?
[11:48] {Threei} or you don't use sound alert?
[11:48] {fernp} lol
[11:48] {magoo} luv that sound..cant trade with out
[11:48] {Threei} that was my gift to you mags
[11:48] {Threei} I totally love it
[11:48] {fernp} yes register cash (i thinhk)
[11:48] {magoo} it was I CANT without
[11:48] {Threei} ok... fern has his own
[11:50] {fernp} my sound is very similar to the sound you use in your videos
[11:50] {Threei} for executed orders?
[11:51] {fernp} y
[11:51] {Threei} ok... if you want to try the original, wistle... I'll send it to you :)
[11:51] {Threei} whistle
[11:51] {magoo} everyone should have it
[11:52] {magoo} its made dino DUCK and run for cover on huge blocks
[11:52] {Threei} how about I just upload it on the website
[11:52] {fernp} please, do it
[11:53] {nemo} check your mail Vad
[11:54] {nemo} I think your's is a camera click, Vad
[11:54] {Threei} http://realitytrader.com/vad/
[11:54] {Threei} scroll down to
[11:54] {Threei} click.wav
[11:54] {Threei} right click, save as
[11:56] {dino} met l off .60
[11:56] {magoo} vad, do u have to be in laser to use that?
[11:59] {Threei} hmm?
[11:59] {Threei} sorry, don't understand
[11:59] {magoo} can dino load that click to work with cyber?
[12:01] {dino} don't want it
[12:01] {fernp} if cyber allows link a sound whe your order is executed, then yes
[12:04] {Threei} yeah, it's just a sound file
[12:04] {Threei} whatever uses them can use it
[12:05] {strider} Are ECN limit orders executed by first-in-first-out?
[12:05] {strider} AET spike
[12:05] {fernp} look at AET, hit 1:1 and bounced
[12:07] {ese} l fitb avg .27
[12:09] {strider} stop DEER +.66, from yesterday.
[12:10] {fernp} gj
[12:11] {strider} :)
[12:11] {nemo} hey, dino, take a look at FDX
[12:11] {ese} nice one st.......
[12:11] {dino} hmmm
[12:12] {strider} vad, you're falling down on the job.
[12:12] {strider} Who's on TV?
[12:12] {Threei} hmmm
[12:12] {Threei} not on mine
[12:13] {nemo} Brittany Murphy?
[12:13] {magoo} news F vad
[12:13] {strider} Big O meeting with community bankers.
[12:13] {dino} dagny taggart?
[12:14] {Threei} nothing fresh
[12:14] {magoo} tyATHX
[12:17] {Threei} ahha!
[12:17] {Threei} guess who is on TV
[12:18] {nemo} Halle Berry?
[12:18] {Threei} you wish
[12:18] {magoo} rupert from survivor?
[12:18] {strider} Debra Kara Unger
[12:18] {dino} grrr pwrd
[12:18] {Threei} ummm... mags.... you stay away from me...
[12:19] {strider} At least it wasn't Richard from survivor.
[12:19] {strider} I think he's still in prison.
[12:19] {nemo} probably loving every minute of it
[12:20] {dino} lol
[12:20] {strider} ....and that's the long and the short of it.
[12:20] {nemo} BWAHHAHAHAHAHAHAHAAAAA
06[12:20] * magoo slaps nemo around a bit with a large trout
[12:22] {strider} HGSI spike
[12:23] {dino} enoc stopped
[12:23] {strider} BRCD c&h daily, fwiw
[12:23] {strider} filled gap
[12:24] {magoo} MNKD
[12:24] {dino} rino hl l .88
[12:34] {fernp} PFG 1:1
[12:38] {strider} AET nice traingle
[12:38] {fernp} ALL 1:1
[12:49] {strider} VIX 19.86
[12:49] {nemo} aig
[12:55] {Threei} OGXI
[12:55] {Threei} OncoGenex Pharmaceuticals, Inc Update: Price Target raised to $56 from $40 at Wedbush, maintains Outperform rating
[12:55] {Threei} - Note: OGXI and Teva Pharmaceuticals agreed to a worldwide development and commercialization agreement for OGX-011 in the prostate cancer and non-small cell lung cancer settings.
[12:55] {Threei} - OGXI will receive a $60M upfront payment and is eligible to receive up to $370M in clinical, regulatory and commercialization milestones, as well as royalties on all sales in the mid-teens to mid-twenties (firm expects royalties to net out at approximately 20%). The $60M upfront payment includes $10M equity investment (at $37.38/share), a $20M cash payment and $30M in pre-reimbursement for OGX-011 development costs.
[12:56] {Threei} will we ever know what cut OGXI almost in half yesterday?
[12:57] {Threei} quite amazing, and maybe unprecedented: such drop with no apprent rteason and no even next day explanation
[12:58] {nemo} .75 imporant level for rimm...lotsa offers
[12:59] {strider} Apparently nothing other than that licensing deal.
[13:04] {nemo} amzn forming a concentric triangle
[13:07] {fernp} airlines happy UAUA, CAL, AMR, LCC, SKYW
[13:07] {Threei} DAL
[13:08] {fernp} dont forget JBLU
[13:12] {Threei} Senator Nelson: HHS' Inspector General has agreed to look at prescription drug price increases (related PPH )
[13:14] {strider} long OXGI .72
[13:14] {strider} for longer term hold
[13:17] {fernp} OGXI
[13:17] {fernp} longer term? till the end of the session? :-)
[13:20] {strider} till the end of time.
[13:20] {strider} for a swing trade.
[13:20] {fernp} i know :-) HIG .20 break, Vad?
[13:21] {Threei} if you are up to struggle for 5 cents
[13:21] {fernp} if the stop is 5 cents too. why not? :-)
[13:22] {strider} OGXI is going momo
[13:22] {Threei} strider... swing trade may be coming to an end {G}
[13:23] {strider} I'll take 26 bucks for mine. :)
[13:24] {strider} here comes 23
[13:24] {fernp} WFC a bit more active then HIG
[13:24] {fernp} than
[13:25] {nemo} V short if it breaks .95 stop .00 will need market help
[13:26] {strider} FSLR
[13:31] {nemo} v invalidated
[13:39] {nemo} v back in the range
[13:40] {magoo} wat we looking ayt vad?
[13:41] {Threei} nothing right now
[13:42] {Threei} but will start trying to find something soon
[13:42] {fernp} WFC 1:1
[13:43] {magoo} keep eye on ATHX
[13:43] {magoo} RDN
[13:43] {magoo} AIG
[13:43] {magoo} 3..1 for each eye
[13:44] {Threei} hmmm
[13:44] {magoo} vad, dcc
[13:50] {fernp} 1:1 HIG
[13:51] {fernp} what happening? nine trades today and not a single stop? something is wrong... :-)
[13:52] {Threei} sure is
[13:52] {Threei} what kind of trading is this
[13:53] {Threei} you need to stop it immediately
[13:53] {fernp} lol
[13:55] {strider} I'm 3 for 3, and kinda just cruising for now.
[13:55] {strider} fern.....my hero.
[13:56] {fernp} me? nemo is the hero here
[13:56] {nemo} anti-hero
[13:56] {strider} gyro.
[13:56] {nemo} yeah, arguably I spun out of orbit a long time ago
[13:57] {strider} I was likening you to a greek sandwich.
[13:57] {nemo} yeah, sheep meat
[13:57] {strider} always back to sheep, huh?
[13:59] {nemo} wasn't me that mentioned gyros
[14:00] {strider} I can't deal with this woolly thinking.
[14:01] {Threei} US) California Association of Realtors: Nov home sales +4.7%; Median price +5.8%
[14:01] {Threei} - inventory of homes to 4.5 months of supply
[14:02] {strider} OGXI may be gearing up for another run.
[14:03] {lasertrev} strider dcc
[14:03] {Threei} this is quite something:
[14:03] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
[14:04] {dino} met stopped flat
[14:09] {nemo} amzn flirting again with .60...big bid
[14:09] {strider} HIG at hod
[14:10] {nemo} huh, maybe your HOD
[14:10] {Threei} (CH) US Trade Representative: Chinese trade moving towards more restrictive practices; raise questions about commitment to WTO
[14:10] {Threei} - will use US trade laws to preserve US interests against Chinese import surges.
[14:10] {Threei} - hoping to continue progress with China on trade issues in 2010.
[14:11] {strider} 23.35 on LVL 1
[14:11] {strider} I was speaking generally...not at exact cent.
[14:11] {nemo} 10 minutes ago...sheesh :)
06[14:12] * strider slaps nemo around a bit with a large sundial
06[14:12] * nemo slaps strider around a bit with a large Mickey Mouse Watch
[14:13] {nemo} well, I think amazon goes to .25
[14:13] {nemo} then maybe to .76
[14:14] {strider} Are you trading AMZN or just irritating it?
[14:15] {nemo} traded it earlier on a short under 135
[14:15] {strider} still holding?:)
[14:15] {nemo} no
[14:18] {strider} ADM: U.S. finds salmonella in Canada canola meal shipped by Archer Daniels subsidary
[14:18] {strider} This is being reported by Reuters, citing FDA records
[14:18] {strider} All you canola canucks, be careful.
[14:18] {nemo} gag
[14:19] {strider} did you get some too?
[14:19] {nemo} no, your sense of humor
[14:19] {strider} That wasn't humour. That was alliteration.
[14:20] {nemo} A witty attempt at humorous alliteration then
[14:20] {Threei} you guys make me feel better abiut my sense of humor
[14:21] {nemo} What sense of humor?
[14:21] {strider} aw, no need for that, vad.
[14:21] {Threei} keeping an eye on OGXI
[14:22] {Threei} if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[14:22] {nemo} Ho Ho Ho
[14:23] {nemo} rimm coughing up the furball again
[14:30] {nemo} look at RIMM .44 level
[14:31] {nemo} so much for that
[14:33] {nemo} look at the volumes
[14:40] {dino} met l .51
[14:41] {dino} sm l v .10
[14:42] {dino} fdx lod
[14:45] {magoo} aig
[14:46] {Threei} probably deserves a chance onn .10 break
[14:47] {nemo} double top at .15
[14:47] {Threei} first top being two hours ago??
[14:47] {Threei} nah
[14:47] {Threei} lost support anyway... moot point
[14:56] {nemo} you in aig mags?
[14:56] {magoo} yup
[14:57] {nemo} where?
[14:57] {magoo} .10
[14:57] {fernp} ACI and MEE look fine for a scalp
[14:59] {strider} HIG
[15:00] {Threei} 1:1
[15:00] {Threei} LULU
[15:01] {Threei} Ticks up after CNBC guest James Altucher of Formula Capital recommends the stock into year end
[15:01] {strider} good idea.
[15:04] {magoo} that sucked
[15:04] {magoo} hate aug
[15:05] {strider} I think the feeling is mutual, mags.
[15:07] {fernp} AKS trying to break .70 with a nice daily
[15:09] {strider} OGXI trying again.
[15:09] {Threei} US Senate determines vote for Health Care reform bill to take place at 8:00am ET on Thursday, Dec 24
[15:11] {strider} new high
[15:13] {magoo} ogxi vad?
[15:15] {Threei} 14:21] {Alert} Threei keeping an eye on OGXI
[15:15] {Threei} [14:22] {Alert} Threei if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[15:15] {Threei} feels like preparing
[15:15] {Threei} 23 rejects it, it returns right back
[15:16] {Threei} bodes well for a break-and-run
[15:21] {magoo} where the pllnbk entry vad?
[15:21] {Threei} I have no idea
[15:21] {Threei} you are pushing it mags
[15:21] {Threei} look at the volumes
[15:21] {Threei} look at the activity
[15:21] {Threei} or lack thereof
[15:22] {Threei} these days work for us exactly because we stay nimble
[15:22] {magoo} gotcha, not in iyt
[15:22] {Threei} start squeezing trades and you will be buried under stops
[15:22] {magoo} ya ya
[15:22] {magoo} (blood diamond)
06[15:22] * strider slaps magoo around a bit with a large bottle of valium
[15:23] {magoo} "in the states its bling bling luv..here it bling BANG"
[15:23] {strider} going from AIG to OGXI is quite a change:)
[15:29] {strider} Anybody here ever traded the vix?
[15:31] {dino} no
[15:31] {strider} I guess it's pretty, uh........volatile.
[15:33] {Threei} well
[15:33] {Threei} will it or will it not
[15:34] {strider} market just hasn't realized how incredibly valuable this stock is.
[15:35] {Threei} uhhu
[15:35] {Threei} it has whole 4 letters
[15:35] {nemo} frickin lulu
[15:43] {dino} out wag .88, +.18 all day
[15:48] {dino} out met +.04
[15:48] {nemo} paint dry yet?
[15:48] {Threei} CLNE second day climb
[15:52] {nemo} Mmmmhhhhhh RIMM finishing near the low of the day???
[15:53] {Threei} too bad we are so close to eod
[15:53] {Threei} both LULU and OXGI look likel ready for another leg
[15:54] {nemo} yeah, and rimm will gap down big overnight
[15:54] {strider} LULU waits for no man.
[15:54] {Threei} there you go LULU
[15:54] {strider} maybe they'll gap up tomorrow.
[15:54] {Threei} I prepared:
[15:54] {Threei} and there you go OGXI
[15:55] {Threei} and waiting to use it
[15:55] {strider} save it till morning.
[15:55] {Threei} 5 minutes still
[15:55] {nemo} whoa rimm
[15:55] {Threei} yeah
[15:55] {Threei} what was it about furball
[15:56] {Threei} or hairball
[15:56] {nemo} yep.
[15:57] {Threei} our consistency is quite amazing these days
[15:57] {nemo} big buying this level rimm
[15:57] {nemo} new low though
[15:57] {strider} don't say that, vad. Say...back to normal consistency.
[15:58] {Threei} yes,
[15:58] {Threei} I mean for this low volume holiday trading
[15:58] {strider} ah
[15:58] {Threei} normal consistency is very abnormal
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening
[15:59] {nemo} gnite
[15:59] {Threei} see you tomorrow
[15:59] {strider} thank you , vad.
[16:00] {dino} out v .25, +.15
Monday, December 21, 2009
Dec 21 2009
Sloooow but profitable day. Not much but enough to justify waking up.
Session Time: Mon Dec 21 00:00:00 2009
[08:30] {Threei} Chicago Fed Nov National Activity Index: -0.3 v -1.08 prior
[08:30] {nemo} yawn
[08:31] {Threei} totally
[08:35] {Raven} lol
[08:44] {fernp} Good morning everybody
[08:46] {Threei} fern :)
[08:46] {nemo} Que tal
[08:47] {fernp} todo va bien :-)
[08:47] {nemo} siempre bien.
[08:56] {Les} Morning :)
[08:56] {Threei} les :)
[08:57] {Les} right, lets talk about last trade for friday if you don't mind
[08:57] {Les} since you guys talked about it without me...
[08:57] {Les} :P
[08:58] {Threei} what else could we do if you left faster than we said a word
[08:58] {Les} http://up.widget.mibbit.com/up/Tod4FqQL.png
[08:58] {Les} 1st question
[08:58] {Les} trigger was .65 b/d. I bought at .65, fearing a drop into trigger - which subsequently happened
[08:59] {Les} is buying at this point your definition of aggressive entry?
[08:59] {Threei} me lost
[08:59] {Threei} bought?
[08:59] {Threei} it was a short
[08:59] {Les} ok ok
[08:59] {Les} shorted
[08:59] {Les} my bad
[09:00] {Threei} you shorted .65?
[09:00] {Threei} not how I remember it
[09:00] {Threei} you shorted higher
[09:00] {Les} yes. note how small bounce ensues following short before the stock drops
[09:00] {Threei} which was aggressive entry
[09:01] {Threei} re read whbat you said... it makes no sense
[09:01] {Threei} [08:58] {Les} trigger was .65 b/d. I shorted at .65, fearing a drop into trigger - which subsequently happened
[09:01] {Les} ok clarification required
[09:01] {Les} is .65 the trigger. or when the stock ticks down to .64?
[09:02] {Threei} I don't remember what it was fo this particular case
[09:02] {Threei} but it doesn't matter much
[09:02] {Threei} you shorted before any of that was reached
[09:02] {Les} I called .65 trigger, you said yes
[09:02] {Threei} and you shorted somewhere above .70
[09:03] {Les} no no no
[09:03] {Threei} which was, yes, aggressive entry
[09:03] {Les} I told you I was in when it was .70
[09:03] {Les} i had shorted at .65, at 2:27pm or thereabouts
[09:03] {Les} stock bounced back to .70, then dropped to .50
[09:03] {Threei} then you asked me after you shorted
[09:04] {Les} asked you what?
[09:04] {Threei} whether .65 short is valid
[09:04] {Threei} because between your question and your report of entering it didn't touch .65
[09:05] {Les} yes it did
[09:05] {Threei} it dropped to and under after you said you were in
[09:05] {Threei} which was why I asked whether you took aggressive entry
[09:06] {Les} ok, so I shorted at .65, its on my trade log, so it is not aggressive entry
[09:06] {Threei} no, it's not
[09:06] {Threei} and .85 is not the right stop,
[09:06] {Threei} it had resistance at .80
[09:07] {Threei} so you shorted before you asked me
[09:07] {Les} what difference?
[09:07] {Threei} huge
[09:07] {Les} why?
[09:07] {Threei} I am looking at different chart than the one you ,looked at when you enterted
[09:07] {Les} hmmm
[09:08] {Threei} to exaggerate an effect even more,
[09:08] {Threei} imagine that the stock went to .90 after your entry
[09:08] {Threei} and you ask me whether .65 is a triiger
[09:08] {Threei} would m y answer still be the same?
[09:09] {Les} I didn't fear reversal immediately after entry...
[09:09] {Threei} now,
[09:09] {Threei} after you asked me,
[09:09] {Threei} I looked at the chart
[09:09] {Threei} and saw a resistance at .80
[09:09] {Threei} because a stock bounced AFDTER your wentry
[09:09] {Threei} and never went above .80
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:10] {Les} ok so you use the very last bounce as stop do you?
[09:10] {Threei} meaning, the p,ay I was answering you about is a different play than the one you envisioned when entered
[09:10] {Threei} that was the case in this situation
[09:10] {Les} ok, so I shouldn't have looked at the largest bounce prior to entry as stop?
[09:10] {Threei} and this bounce happened after your wentry and before my answer
[09:11] {Threei} I don't know - we are talking about two different plays now
[09:11] {Les} I was looking at previous bounce to .85 to place my stop. this was wrong?
[09:11] {Threei} and I never looked into one you describe now
[09:11] {Threei} [09:11] {Threei} I don't know - we are talking about two different plays now
[09:11] {Threei} 09:11] {Threei} and I never looked into one you describe now
[09:11] {Les} ok. I understand the play that you are envisioning
[09:11] {Threei} see, you are looking at things as if they were static
[09:11] {Les} so decisions for stops can be made with the very last bounce before entry, can they?
[09:12] {Threei} I don't know
[09:12] {Threei} if I looked into play you are describibng now
[09:12] {Threei} I might have seen something different, like for instance:
[09:12] {Threei} no play at all because it dropped from .85 to .65 too sharply
[09:13] {Les} ok, stock is too bouncy for what you define as appropriate setup?
[09:13] {Threei} or maybe there were some bids and offers that had to be accounted for
[09:13] {Threei} I don't know
[09:14] {Threei} you are asking three days later about something that might or might not be there
[09:14] {Threei} but here is something for you to look into:
[09:14] {Threei} the play I answered you about was:
[09:14] {Threei} .65 entry,
[09:14] {Threei} .80 stop,
[09:15] {Threei} and this one dropped to .50, giving you 1:1
[09:15] {Les} yes I know
[09:15] {Les} but didn't know that your stop differed to mine
[09:15] {Les} so I understand that stop was too generous, too large
[09:15] {Threei} see now how outcome changes dependent on the play stricture?
[09:15] {Les} just my opinion
[09:15] {Les} yes
[09:15] {Threei} no
[09:15] {Threei} not justr too large
[09:15] {Threei} it was from a different play altogether
[09:16] {Threei} you played one while asked about another
[09:16] {Threei} look at the log,
[09:16] {Threei} and you'll see this:
[09:16] {Threei} after you reported entry and stop
[09:16] {Threei} I asked whether you took aggresiive entry
[09:16] {Threei} you know why?
[09:17] {Les} I do know
[09:17] {Les} now
[09:17] {Threei} because your stop didn't match the play I saw,
[09:17] {Threei} so,
[09:17] {Les} yes I see
[09:17] {Threei} what I was thinking at the moment:
[09:17] {Les} was different from me
[09:17] {Threei} you entered aggressively,
[09:17] {Threei} and used wider stop, because you got better price and thought you have more room
[09:17] {Threei} which is wrong way to do it
[09:18] {Les} yes I understand...
[09:18] {Threei} so I wanted to give you a running comment
[09:18] {Les} I would not have matched .70 entry with .85 stop
[09:18] {Threei} so did fern
[09:18] {Les} but I had entered at .65
[09:18] {Threei} but it was before you asked, so we already talked about different plays
[09:19] {dino} ogxi strange
[09:19] {strider} morning everyone..
[09:19] {Les} so using bounce from 2 - 2:15pm is a statics setup not suitable for a trade happening 15 minutes later
[09:19] {Threei} strider :)
[09:19] {Les} st
[09:19] {Les} dino
[09:20] {Threei} maybe. maybe not - depends on what happened meanwhile
[09:20] {Les} k
[09:20] {lasertrev} hi
[09:20] {Threei} btw, looking at your entry at 2:27,
[09:20] {lasertrev} all
[09:21] {Les} LT
[09:21] {Les} yeh
[09:21] {Threei} I see .80 as a resistance already
[09:21] {Threei} trev :)
[09:21] {Les} so do I now
[09:21] {Threei} well... good flight review then
[09:22] {dino} fwiw, markets close at 1:00 thursday, closed all day friday
[09:23] {dino} bucy up big
[09:24] {Les} what's special today?
[09:24] {strider} watching anything, vad?
[09:24] {Threei} yeah... les' friday trade
[09:24] {Threei} smilet face
[09:25] {Les} oh piss off
[09:25] {Les} smiley face implied
[09:25] {Threei} les, you are drunk or what
[09:25] {Les} hey, its a joke...
[09:25] {Les} next item of the day
[09:25] {Threei} ok, what the deuce with OGXI
[09:26] {Threei} OncoGenex Pharmaceuticals, Inc Signs license agreement with TEVA to develop and commercialize multiple oncology indications; Will receive $60M initial payment
[09:26] {Threei} - Teva and OncoGenex Pharmaceuticals announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex.
[09:26] {Threei} - Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60M initial cash payment, which includes a $10M equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20million and prepayment of $30M for OncoGenexs contribution to the development costs of OGX-011.
[09:26] {Threei} how does it transpire into 7 points drop?
[09:27] {dino} thats why i brought it up
[09:27] {magoo} morning
[09:27] {Threei} mags :)
[09:27] {strider} morning magoo:)
[09:28] {Les} mags
[09:30] {magoo} ATHX
[09:31] {magoo} AA
[09:31] {Les} fcx as well
[09:32] {Threei} everything
[09:32] {Threei} market spiked, so most of stocks
[09:32] {Threei} look at RIMM
[09:32] {Threei} 70 cents
[09:32] {dino} i don't get ogxi
[09:32] {nemo} amzn
[09:32] {Les} fcx might be a dbi if it continues
[09:32] {dino} esrx spike
[09:33] {Threei} dbi?
[09:34] {Les} oops sorry wrong setup
[09:34] {Threei} AA
[09:34] {Threei} watch for pullback,
[09:35] {Threei} entry around .20 - .25 if drops there fast
[09:35] {Threei} RIMM{ watching for .50 - .60 entry
[09:35] {fernp} XCO , Vad?
[09:35] {nemo} why is spy up so much...snap back?
[09:36] {Threei} very nice daily for a break fern
[09:36] {fernp} ok i'll try .40 break
[09:39] {dino} wag
[09:39] {Threei} Long Setup: BRCM .90
[09:40] {dino} kss
[09:40] {Threei} dinner and a movie first, dino
[09:40] {Les} nice one
[09:40] {nemo} amzn
[09:41] {dino} lol
[09:41] {Les} now we're being funny...
[09:41] {dino} ::)
[09:42] {nemo} BRCM still valid?
[09:43] {Threei} .75 is invalidation level for it
[09:43] {nemo} wfm
[09:44] {ese} morning
[09:44] {Threei} ese :)
[09:44] {nemo} you sure?
[09:45] {dino} ths, buying out and goes up
[09:46] {nemo} crm
[09:47] {magoo} ogxi vad HAMMERED
[09:47] {Threei} scroll up mags
[09:47] {Threei} we exchanged on it
[09:47] {magoo} nope
[09:48] {Threei} and expressed utter puzzlement
[09:48] {Les} kss looking good
[09:48] {nemo} gld coughing up furball
[09:48] {Threei} if it drops 9 points on cooperation witn TEVA, good thing it never signed up on cooperation of Pfitzer
[09:48] {nemo} mon dropping
[09:49] {Threei} it would have been decimeated to single digits
[09:49] {dino} wag beats and drops
[09:49] {Threei} Short Setup: GLD .65
[09:50] {nemo} end of year Steve Miller play
[09:50] {fernp} XCO trying to break
[09:50] {Threei} stop above .80
[09:50] {magoo} over point bounce OXGI
[09:51] {Threei} no go GLD
[09:51] {nemo} is brcm invalidated by boredom?
[09:51] {fernp} lol
[09:51] {Threei} lol
[09:52] {nemo} :)
[09:52] {magoo} no laughing..i need complete focus on BRCM :)
[09:52] {nemo} oooohhhhhhhh.....touchy
[09:52] {Threei} sorry mags
[09:52] {Threei} no one says a word until BRCM triggers
[09:53] {Threei} (that should keep us all silent for couple weeks)
[09:53] {nemo} NASCIH
[09:53] {Threei} CSIQ lost its mind
[09:54] {Threei} Long Setup: AONE 20 break half lot
[09:54] {Threei} stop under .85
[09:54] {nemo} damn
[09:55] {dino} rino sm l .35
[09:56] {dino} stop .98
[10:01] {Threei} frikin GLD
[10:01] {fernp} cruel
[10:02] {fernp} BRCM guys
[10:02] {nemo} yeah, in
[10:03] {Les} can we tighten stop from original call vad?
[10:03] {Threei} I think so, it consolidated above .80 long enough
[10:04] {nemo} huge order .95
[10:04] {nemo} offer
[10:04] {Threei} good
[10:04] {Threei} should spike nicely upon breaking it
[10:05] {Threei} this starts looking like low volume climb day
[10:05] {nemo} ecept it's up big already
[10:05] {Threei} one of those relentless up up and up
[10:06] {Threei} GS Rochdale's Bove warns that a forthcoming article in Bloomberg magazine will attack Goldman Sachs for avoiding certain taxes for years (timing uncertain)
[10:06] {strider} OGXI
[10:06] {Threei} lol
[10:06] {Threei} this is so werid
[10:07] {Les} Information warfare on wall st.
[10:07] {Threei} Fed's Evans: 2010 growth estimated at 3-3.5% - CNBC (related TLT EUR/USD USD/JPY )
[10:08] {nemo} where stop on brcm now?
[10:08] {Threei} under .80
[10:10] {Threei} I reread OGXI news for the third time
[10:10] {Threei} I give up
[10:10] {ese} L fitb .99
[10:10] {strider} big offer at .15 AONE
[10:10] {Les} GLD
[10:11] {nemo} amzn
[10:11] {dino} same here 3i, no sense to it
[10:11] {Threei} good thing TEVA paid only 60 mil
[10:11] {dino} one of those "anything can happen"
[10:11] {nemo} huge orders amzn at 132
[10:11] {Threei} OIGXI would go pink sheets if TEVA paid 100 mil
[10:11] {nemo} fakeouts?
[10:12] {Threei} we will know when first buys go at that price
[10:12] {strider} out +.64 OGXI
[10:12] {nemo} seving as roof
[10:13] {Les} nice st
[10:13] {Les} out BRCM .99 undercut huge offer at 32
[10:13] {strider} out +.14 AONE
[10:13] {magoo} good 1
[10:13] {Threei} guys, I'll leave it to your discretion to wait for .15 break on AONE or take profit or partial here
[10:14] {Threei} whatever you choose, stop is trailed to .90
[10:14] {strider} out +.13 BRCM from early entry
[10:14] {Threei} over 1:1 AOPNE
[10:14] {Threei} AONE
[10:14] {magoo} im waiting at .40 area vad AONE
[10:14] {ese} if qqqq can't break 45 soon then i'm outta fitb
[10:15] {Threei} I'd call you crazy mags, but I hate to state the obvious
[10:15] {Threei} wait
[10:15] {Threei} I love to state the obvious
[10:15] {Threei} you are crazy
[10:15] {nemo} amzn blew through 132
[10:15] {fernp} 1:1 XCO
[10:15] {Threei} didn't watch it nemo... were offers real?
[10:15] {nemo} yes
[10:15] {Threei} or they canceled?
[10:16] {Threei} ok
[10:16] {Threei} wtg fern
[10:16] {fernp} ty
[10:16] {Threei} AONE 1:2
[10:17] {Threei} nice going strider
[10:17] {nemo} 1/2 out brcm
[10:17] {strider} :)
[10:17] {Threei} BRCM... offers at 32 are chinese wall
[10:17] {nemo} yeah, could take a while
[10:17] {Les} means what?
[10:18] {nemo} Les thing "Great Wall of China"
[10:18] {Les} yeh, not sure if we're talking chinese wall ala wall st style...
[10:18] {Les} you know, fake walls
[10:18] {Threei} by itself, just that it's a level of big decisions
[10:18] {dino} fds sm l .59 stop .29
[10:18] {nemo} those are Potemkin Villages Les
[10:18] {Threei} whether it's going to be taken or not is not known
[10:19] {fernp} out BRCM ty Vad
[10:19] {Threei} welcome
[10:19] {Les} sorry nemo, just wiki'd your reference there
[10:19] {Les} you saying that BRCM is fake offer?
[10:20] {nemo} no, because there are so many of them
[10:22] {Threei} here comes .40 on AONE for Magoo the Crazy
[10:22] {magoo} crazy like a fox :)
[10:22] {Threei} Alexander the Great... Ivan the Terrible... Magoo the Crazy
[10:23] {Les} gotta hand it to him. mags gets what he wants
[10:23] {magoo} out .44 TY
[10:23] {Threei} welcome sir
[10:23] {Threei} I never said he was wrong les... just that he was crazy
[10:23] {Les} gld bounce before b/d?
[10:23] {magoo} and even with his comments, i stay the course
[10:24] {Les} for the rewards on offer, I can dig Vad's cheek
[10:24] {Threei} never said you shouldn't... just qualified you as a type
[10:24] {magoo} was laid out there .44..hit the top
[10:24] {magoo} LUCKY
[10:25] {ese} vad opinion please.......this market strong enough to give fitb a push....or are you finding it a litl weak
[10:26] {Threei} my feeling is, market will climb ever so slowly throughout the day
[10:26] {magoo} imo..strong mkt
[10:26] {ese} tks....christmas effect?
[10:26] {nemo} amzn
[10:26] {magoo} ya ya
[10:26] {magoo} santa coming
[10:27] {Les} GLD b/d coming?
[10:27] {Threei} no idea on GLD
[10:27] {ese} i'm thinking that.......then it tanks in the new year.....anyone of that opinion
[10:27] {Threei} Christmas budget:
[10:27] {magoo} i am
[10:27] {Threei} photo with Santa: $10
[10:28] {Threei} photo with Santa helper: $2.500 to keep it off youtube
[10:28] {Les} ?
[10:29] {Les} sounds like a mastercard ad
[10:29] {Threei} sigh... is it THAT deep?
[10:29] {Les} ...priceless
[10:32] {Threei} GLD, snapback is more likely here
[10:32] {Threei} no call
[10:32] {Les} yeh fcx just did that
[10:32] {Threei} just a running commentary
[10:32] {Les} was wandering about long 77.
[10:32] {Les} woulda worked
[10:33] {nemo} brcm looks like it's losing steam
[10:33] {strider} long HOG .85, stop lod
[10:33] {Threei} snapback it is
[10:34] {Threei} .20 recross was it on GLD
[10:34] {Threei} don't want to call it until I feel I restore grip on it
[10:34] {Les} fine, I need stronger calls than I've been playing myself
[10:36] {ese} l bucy .04
[10:36] {Threei} you took those we had so far?
[10:37] {ese} out bucy .23
[10:37] {ese} +.19
[10:37] {Threei} nice break/spike
[10:38] {Les} BRCM worked nicely ty
[10:38] {ese} tks
[10:38] {Threei} no AONE?
[10:39] {Les} no, by accident bought BRCM early.
[10:39] {Les} modified my one click preferences...
[10:40] {Threei} White House plans to "routinely fine airlines" for any lengthy delays on the tarmac - WSJ
[10:40] {Threei} that's right
[10:40] {Les} lol, during this winter?
[10:41] {Threei} let's get them into the ground for good
[10:41] {Les} how is the weather by the way?
[10:41] {Threei} will help environment too
[10:41] {Threei} enough with this flying around
[10:41] {ese} fitb....driving me nuts
[10:41] {Threei} if god wanted us to fly...
[10:42] {Threei} les... weather where?? :)
[10:42] {Les} your way
[10:42] {Threei} in our neck of the wood is a beauty
[10:42] {Threei} warm... light drizzle
[10:42] {Les} over here, lovely powder. kids equipped with skis today
[10:42] {Threei} east coast is totally different story
[10:42] {nemo} we have 2 feet of snow and sub zero wind chill
[10:43] {Les} so its all east coast?
[10:43] {Threei} yes
[10:43] {Les} FCX gunning for hod
[10:45] {magoo} 23 inches of snow fell in philadelphia this weekend
[10:45] {fernp} sunny here, as always
[10:45] {magoo} temp in teens faren
[10:46] {Les} back later
[10:49] {ilana} RIMM .60 breakdown?
[10:52] {Threei} no clear read
[10:56] {nemo} out brcm
[11:00] {dino} hl l apol .49
[11:00] {dino} stop lod
[11:06] {Threei} NVDA...
[11:07] {Threei} 17.10 break was so perfect
[11:07] {Threei} how come I haven't noticed it at the time
[11:08] {nemo} .41 break looks good
[11:09] {dino} apol stopped -.25
[11:10] {strider} WY interesting
[11:11] {ese} Lbucy .00
[11:12] {ese} out bucy .14
[11:13] {nemo} nvda beginning to chew through .40 level
[11:15] {nemo} chewed through and stopped
[11:16] {ese} thats a nice trading stock bucy.......volitility .02 is not to huge yet when it breaks out it gives you want you want quickly and orderly......1500shs lots work well
[11:19] {magoo} AONE spike
[11:23] {ese} aone.......is that the ipo where the ceo shot himself in the foot the first day that it traded.......talking about diluting the float with another public offering
[11:24] {nemo} missed crm break, damn
[11:26] {Threei} can't remember ese... someone did that but I am not sure it was AONE
[11:27] {ese} ya can't remember either.......just making conversation with not much going on
[11:34] {ese} fitb is gonna take of here at some point.......it's just bloody when!!!
[11:40] {Threei} is it a perfect freeze or what
[11:45] {strider} stoppedd HOG -.13
[11:46] {Threei} strider... I suspect this stock has some em otional appeal for you
[11:46] {strider} It does as a short :)
[11:46] {strider} Like you with gld....
[11:47] {Threei} well, my general directional bias is right on GLD
[11:47] {Threei} look at it move ever since I said it was to crash and burn
[11:48] {Threei} it's particular method iof trading it with which I have difficulty
[11:48] {strider} mine is right with HOG, too. I was playing against that. didn't work.
[11:48] {nemo} you gonna' play that Johnson motorcycle IPO strider?
[11:50] {strider} I think I'll pass on commenting on that one.:)
[11:52] {strider} But it's obviously a long.
[11:58] {Threei} someone poured a lot of superglue on the SPY today
[11:58] {Threei} and QQQQ
[12:01] {magoo} dam FCX
[12:03] {Threei} hey... ese'ds FITB moved 1 cent
[12:04] {nemo} you like cat short if breaks .45, stop above .52?
[12:05] {Threei} I like long on .52 break with stop under .45 even more
[12:05] {strider} APOL spike
[12:06] {Threei} over 1:1
[12:07] {dino} last try apol hl l .51
[12:07] {Threei} anyone went for CAT, get out
[12:13] {strider} hmm......long DEER from 10.35 in pre-market. what to do....what to do.
[12:14] {strider} see if it will break 11.
[12:15] {ese} hey vad......just saw that.......was downstairs...someone is fixing out electrical service today
[12:15] {strider} ese, DRYS sure is dead in the water.
[12:15] {strider} And I'm under it.
[12:16] {Threei} you have whole 3 cents move ese
[12:16] {Threei} this is no small feat today
[12:17] {ese} sure is ST.......i still have a positon there at .24........it's a longer term hold.......got time there
[12:18] {strider} I'm at .42. No clear support between here and 5.66.
[12:19] {ese} might just take my 4 cent move and call it a day vad vad
[12:20] {Threei} hey, it's 5 already
[12:20] {Threei} you are richer than you think
[12:20] {ese} oh....wait a minute....some movement........WOW! another .01 cent...cool
[12:21] {ese} have 20k of this sloth vad.......it's a nice day
[12:21] {Threei} :)
[12:22] {ese} out 1/2 +.05
[12:24] {ese} rest is gravy......stop to break even.99
[12:25] {dino} gj
[12:26] {ese} tks
[12:29] {Threei} losers in current healtcare bill: tan salons, new tax,
[12:29] {Threei} generic drug manufacturers
[12:30] {Threei} indivividuals making more than 200K and couples - more than 250K
[12:31] {nemo} rimm at pivot support
[12:32] {strider} not any more.
[12:33] {nemo} what? Precious Steinway?
[12:34] {strider} WLP drop on news
[12:36] {Threei} WLP Connecticut AG requests Anthem health to leave contractual clauses as part of anti trust investigation
[12:36] {Threei} - AG claims the clauses negative4ly impact Charter Oak health plan (59.77, +1.46, 2.50%)
[12:36] {ese} hmmmmm thought fitb was gonna stop me out for balance of position......must be some strength there
[12:40] {strider} short WLP .61
[12:40] {ese} hey nemo........what are you going to do without your tannin salon appointment every week.....you'll go crazy
[12:40] {nemo} I'm the last person you'd catch in one of those
[12:40] {nemo} dork
[12:40] {ese} rotflol
[12:41] {Les} AWIAV?
[12:41] {Threei} in the money and in coma
[12:41] {Les} sounds good
[12:41] {Les} volume today?
[12:42] {Threei} also, nemo is in tanning salon as we speak
[12:42] {Les} trading with what?
[12:42] {ese} ya.......he tried to deflect ture intentions but it didn't work
[12:42] {ese} true
[12:43] {Les} wfc
[12:43] {ese} were all onto him......it's no secret
[12:43] {Threei} and ese is in local branch of his bank, trying to see if they give him cash advance for his 2010 trades
[12:43] {ese} ha ha
[12:44] {Threei} magoo is kind of half n' half... his upper half in in dino's fridge, consuming last of dino's beer
[12:44] {Les} I wanna know how that works...
[12:45] {Threei} we will never know Les
[12:45] {Threei} if it works, ese is going to spend the rest of his life on unnamed islands
[12:45] {ese} vad.......this is good............ doing one of them trading year in review for this board.........
[12:45] {Threei} enjoying beaches and drinks with umbrellas
[12:45] {Les} he should become trader for AIG
[12:46] {dino} lol
[12:46] {Threei} he claimed such profits for his future trades that if he caszhes out on them, we will never hear from him again
[12:46] {ese} think Enron
[12:47] {ese} will cut off nemos power supply and then he will be forced to do the tanning sallon
[12:47] {Threei} if he can do whole salon, why he even needs that tan...
[12:48] {strider} RIMM breakdown
[12:49] {ese} this is funny...just received from a friend on email....definition of FORD....."found on the road dead"
[12:49] {nemo} bounce at .20 or so maybe .40
[12:49] {ese} FIAT......"fix it again tony"
[12:51] {dino} 'dodge
[12:51] {dino} ' name, sort of a warning to oncoming traffic
[12:51] {magoo} jeep = just empty every pocket
[12:53] {ese} lol
[12:53] {Threei} lada - let's all drink... umm, last a is kind of useless
[13:02] {Les} Vad, GG/AUY bouncing with GLD. you read anything in them?
[13:03] {Threei} don't see any setups, and no volatility to speak of
[13:11] {Les} someone with toilet humour trying to get in...
[13:13] {strider} gee, that's not what I think of when I see the word "cubicle" misspelled.
[13:13] {Les} sorry, bad joke...
[13:13] {strider} :)
[13:18] {strider} short HOG .81
[13:18] {strider} stop .90
[13:22] {Threei} Short Setup: CAT .35
[13:22] {Threei} if stays under .45
[13:23] {fernp} you have forbidden short HOG, strider :-)
[13:24] {strider} hope to butcher it this time.
06[13:25] * Threei slaps nemo around a bit with a large Christmas tree, with decorations, lights and big sharp angel at the top
[13:25] {strider} you guys got the wrong impression about me and HOG....I think they should be shorted. Never had one myself.
[13:25] {nemo} imaginative
[13:26] {nemo} rice burner guy
[13:26] {strider} CAT in wally dated.
[13:26] {Les} pre-emptive?
[13:26] {fernp} LVS short if loses .55, Mr Graifer?
[13:27] {Threei} worth a try
[13:27] {fernp} ty
[13:27] {Threei} stop is narrow enough
[13:27] {Les} WMT Vad?
[13:28] {Threei} strider, think of us this way: every time we are lucky to stumble onto wrong impression we hold on to it for dear life, insist on it being right and generally enjoy all ther fights we can get into defending that impression
[13:28] {Les} hmm and here I thought we were different from wall st and washington...
[13:28] {strider} OK .. then I'm in the right place. :)
[13:28] {Threei} I like WMT chart for long, I just doubt we can get resolution before the day is over
[13:29] {Les} ok
[13:29] {Threei} we are very different les
[13:29] {Threei} difference is:
[13:29] {Threei} we do it for the love of having an opinion
[13:29] {Threei} we don't change it depending on who pays
[13:29] {Les} :D
[13:30] {Threei} and we don't even care abput opinion so much as we love to fight
[13:30] {fernp} strider... you should buy a HOG
[13:30] {Les} well I might put a small stop on WMT and let it go while doing dinner...
[13:30] {Threei} what is the first thought I have seeing that huge Chritsmas tree
[13:30] {Threei} why, slap nemo woth it of course
[13:31] {Les} what tree?
[13:31] {Threei} scroll up...
[13:31] {Threei} to 13:25
[13:31] {strider} short LVS .53
[13:32] {strider} missed the right entry
[13:32] {Threei} by just one cent
[13:32] {Threei} no biggie
[13:36] {strider} has the world stopped?
[13:36] {Threei} anf the Earth stood still
[13:37] {strider} LVS stop a over .60?
[13:37] {strider} or .58
[13:37] {Threei} yes
[13:38] {nemo} rimm vad?
[13:38] {nemo} s or l
[13:39] {Threei} n
[13:39] {Les} read on BIDU Vad?
[13:39] {nemo} look at order at .60 and .59 on rimm
[13:39] {Threei} joke?
[13:40] {nemo} bids
[13:40] {nemo} it's Les, Vad
[13:40] {Les} ?
[13:40] {strider} HOG won't start.
[13:40] {Threei} oh you are serious...
[13:41] {Les} ok I get it
[13:41] {Les} sorry
[13:41] {Les} wow it has a nice range though...
[13:42] {Threei} uhhu... and 60 cents spread
[13:42] {Les} CAT coming back into play?
[13:42] {Threei} and moves a full dollar in one bar
[13:43] {Threei} not unless it spends about 5 min more in the range
[13:43] {Les} k
[13:49] {strider} I must be doing something right, cause I got 3 open, and it sure is boring.
[13:52] {Threei} how does it translate into doing something right?
[13:53] {strider} exciting is bad/boring is good.
[13:54] {Les} this, from a man who rides a huge motocycle?
[13:54] {strider} that's supposed to be exciting. this isn't.
[13:55] {Threei} good point
[13:56] {Les} really? I don't need to jump out of planes now I have trading...
[13:56] {strider} however, in the middle of bragging about doing something right.....I do have 3 shorts open. This is probably not a good thing.
[13:56] {Les} am I doing something wrong?
[13:57] {Threei} hard to tell at this stage
[13:57] {Threei} but if you are still this unbalanced in a year - sure indication of doing everything wrong
[13:57] {dino} strider same here
[13:58] {dino} lo ngs tho
[13:58] {dino} longs
[13:58] {Les} joke vad joke.
[13:59] {strider} wanta throw in together, dino...maybe we can break even?
[13:59] {dino} lol
[14:00] {dino} fds to .89 all day
[14:00] {dino} out +.29 fds
[14:01] {Les} gj
[14:02] {dino} apol to .72
[14:02] {dino} rino to .30
[14:03] {dino} back to sleep
[14:03] {Les} where you finding these stocks dino?
[14:03] {Les} gotta scanner?
[14:03] {dino} posted this a.m.
[14:04] {dino} find them on scanners and leftovers from last weeik big movers
[14:04] {dino} usually i will play big movers for a few days of trades
[14:05] {dino} apol to .79
[14:05] {dino} out apol, +.28
[14:06] {dino} and then there was one...rino
[14:10] {strider} FDO theflyonthewall.com: Family Dollar named a sell Research Tactical Idea at Morgan Stanley
[14:10] {strider} Morgan Stanley expects shares to fall near-term. :theflyonthewall.com
[14:17] {nemo} rimm .91 break stop under .80?
[14:17] {magoo} fly o n the urinal more like it
[14:17] {dino} lol
[14:18] {ese} do do do do doooooo............talk about being out to lunch ....didn't even know i was logged out
[14:19] {Les} ROK
[14:19] {strider} stopped LVS
[14:20] {Les} Vad, X retesting .25 support? good for a long?
[14:20] {Threei} ?
[14:21] {Threei} I see it at high 30s
[14:22] {Les} yeh, I should've just gone long. It briefly returned to the b/o trigger
[14:22] {strider} don't like the looks of HOG
[14:22] {Threei} {HOG} well... I may not be very pretty... but you like bacon, don't you
[14:23] {strider} mmmmm.......good
[14:23] {strider} chart just looking like a long now.
[14:27] {dino} zzzzzzzzzzzzzzzzz
06[14:30] * strider slaps dino around a bit with a large Master Profit Plan
[14:30] {strider} just something to wake you up.
[14:31] {Les} SNDK?
[14:32] {Threei} rather up
[14:32] {Threei} but
[14:33] {Threei} see how there is just no movement anywhere?
[14:33] {fernp} XCO looks like long if breaks .65 (i think)
[14:34] {ese} eyeing bucy again
[14:42] {ese} vell....ve air meeking some ah deem dare moneys on de second 1/2 of moi fitb position
[14:43] {Les} MHS for a beautiful descending triangle
[14:43] {strider} stopped WLP..from a long time ago.
[14:43] {strider} 2 down, 1 to go.
[14:44] {ilana} HGSI
[14:52] {dino} rino to .59
[14:54] {Threei} ok ese
[14:54] {Threei} I tried 6 experts in 11 different languages
[14:54] {Threei} they all gave up
[14:55] {ese} out fitb .11 =}12
[14:55] {ese} +.12
[14:56] {ese} huh....languages for what
[14:56] {ese} ahhhhhhh my previous post
[14:57] {ese} in english i made 12pt on 10k
[14:57] {ilana} RIMM double bottom?
[14:58] {Threei} more or less... I'd prefer entry on pullback to .50
[14:58] {ilana} in .47
[15:00] {ilana} out .62
[15:00] {dino} stopped/out rino .59, +.24
[15:01] {strider} short HOG av. 79, stop b/e
[15:01] {ilana} ahh RIMM
[15:02] {ilana} pesky scalper regret
[15:02] {dino} ths slow rollover
[15:05] {strider} out 1/2 HOG +.11
[15:09] {dino} gj
[15:11] {strider} thanks, dino.
[15:11] {dino} np
[15:17] {Threei} ilana... no regrets anymore about exiting RIMM eh?
[15:17] {nemo} think .40 important level?
[15:17] {ilana} no... pesky scalpers win
[15:18] {Threei} {fern} they so do
[15:18] {Threei} not really nemo... will do whatever market does, RIMM won't have a mind of its own today
[15:23] {magoo} hey vad..look at SNS lol
[15:23] {magoo} reverse spit
[15:27] {Les} GLD setting up for a b/d?
[15:28] {strider} out HOG last half +.15
[15:30] {fernp} wtg
[15:32] {strider} thx fern. This is my best day thus far.
[15:33] {strider} Holding DEER overnight.
[15:33] {fernp} happy to know that :-)
[15:33] {strider} It's actually in swing trading acct.
[15:33] {strider} yeah:)
[15:33] {Threei} eeck
06[15:34] * Threei sells 100K SNS he had overnight
06[15:34] * Threei retires
[15:35] {strider} Three shares his good fortune with strider.
06[15:35] * Threei says resounding NO to all suggestions to share anything with anyone
06[15:35] * Threei reasures everyone present he knows no their names
[15:36] {strider} {-------sends some of his 'people
[15:36] {strider} to Vad's house.
[15:36] {Threei} good luck finding anyone at my house within next 15 minutes
[15:37] {Threei} anyway, strider, congratulations on a good trading day
[15:37] {Threei} things start clicking together gradually?
[15:37] {strider} thank you.
[15:37] {Threei} two winning weeks,
[15:38] {strider} well.......don't want to get too self-assured.
[15:38] {Threei} win today, when the market is so stalled
[15:38] {Threei} no
[15:38] {Threei} no need to rest on laurels
[15:38] {strider} ouch!
[15:38] {Threei} but gotta give improvement the ackonowledgment
[15:38] {strider} oh, yeah. It's a different world.
[15:39] {Threei} espousing eluciation doesn't come easy
[15:39] {Threei} but pays off
[15:39] {Threei} as eschewing obfuscation becomes easier
[15:39] {strider} Much of my improvement has come from trade management.
[15:40] {dino} affy
[15:40] {Threei} and where did the rade management come from?
[15:40] {dino} darn, distracted missed ths s
[15:40] {Threei} trade
[15:40] {strider} developing cold-blood.
[15:41] {Threei} there
[15:41] {strider} Staying with the plan.
[15:41] {Threei} and that comes from
[15:41] {dino} glad to see it strider
[15:41] {strider} believing in the system.
[15:42] {strider} or...just not giving a ***
[15:42] {strider} :)
[15:42] {Threei} all of that
[15:42] {dino} lol, "your edge" is the key
[15:42] {Threei} but the common root, or denominator for them all,
[15:42] {Threei} general underatanding of what market is, what trading is about
[15:43] {Threei} when it comes the rest becomes jujst details
[15:43] {Threei} see a deviation, correct it
[15:43] {Threei} and let the nature take its course
[15:43] {Threei} while your own behavior is structured in tune with it
[15:43] {dino} gotta hop early, son's b-ball game, cya
[15:43] {Threei} so it takes you with it
[15:43] {strider} see ya, dino.
[15:43] {Threei} take care dino
[15:44] {dino} :)
[15:44] {strider} After Xmas, I want to bump my shares a bit. Still not trading large enough to make a meaningful amount of money.
[15:45] {Threei} don't worry about it
[15:45] {strider} yeah.
[15:45] {Threei} when things align right,
[15:45] {Threei} it will happen by itself
[15:45] {Threei} You won't even think about it
[15:45] {Threei} simply start trading righgt
[15:45] {Threei} then everything will be so natural
[15:46] {strider} I think that's right, cause I've given myself permission to trade larger than I am.....but when the time comes, I scroll back on the shares.
[15:47] {Threei} let me give you a quick example
[15:48] {Threei} 2 months ago, were you trading in cold blood, calm and in control, or were you unbalanced, emotional and genetrally not in commander seat?
[15:48] {strider} not in control....
[15:49] {Threei} ok, now
[15:49] {Threei} if at that point
[15:49] {Threei} I'd telll you, or you'd tell yourself
[15:49] {Threei} hey, be calm, be cool, be in conmtrol
[15:49] {Threei} would it change anything?
[15:49] {strider} nope
[15:49] {Threei} of course not
[15:49] {Threei} why? and why it became possible now?
[15:50] {Threei} because at that point in time
[15:50] {ese} you all have a great rest of the day and i'll catch you tomorrow
[15:50] {Threei} and at that point of your tading career or learning curve
[15:50] {strider} see ya ese.
[15:50] {ese} st
[15:50] {Threei} take care ese
[15:50] {ese} vad
[15:50] {ilana} bye ese
[15:50] {Threei} you simply didn't have enough deeper understanding of the nature of the beast
[15:50] {Threei} but when this understanding become deeper
[15:51] {Threei} some issues started resolving seemingly by themselves
[15:51] {Threei} Not all of them found their resolution yet, sure
[15:51] {Threei} but this is the process
[15:51] {Threei} you can see it unfolding right in front of you
[15:51] {Threei} My task is facilitate it
[15:52] {Threei} yours - to coordinate with it, let it flow,
[15:52] {Threei} work on undersatnding step by step
[15:52] {Threei} in a year or so, new guy will come
[15:52] {Threei} express frustration
[15:52] {Threei} tell about how he can't seem to get any single day right
[15:53] {Threei} and you will suddenly realize that you were right there a year ago
[15:53] {Threei} and you are not there anymore
[15:53] {Threei} and you know what he is going through
[15:53] {Threei} and can tell him what to do next
[15:53] {strider} yep.
[15:54] {Threei} the only ones who don't get it right are those who can't ovecome their ego
[15:54] {Threei} they think they need to argue with me
[15:54] {Threei} as if I am here to prove soemthing to them
[15:54] {Les} godammit Vad, find me a trade!
[15:55] {Threei} yes sir
[15:55] {Threei} just a second sir
[15:55] {Threei} sorry sir
[15:55] {nemo} crm short les
[15:55] {Threei} or SNS long
[15:55] {Les} :P
[15:55] {Les} night all
[15:55] {fernp} bye Les
[15:55] {Threei} take care les
[15:55] {Les} I'll be the bugbear in your bed for the next two years at least vad...
[15:56] {Les} fly in your soup
[15:56] {Threei} ummm
06[15:56] * Threei puts machine gun next to his bed
[15:56] {Les} any any other expression of general nuisance that you can think of...
[15:56] {Les} ciao
[15:56] {Threei} I'll forgive you plenty under one condition
[15:57] {Threei} LEARN TO TRADE
[15:57] {strider} So, that's why you put up with nemo, huh?
[15:58] {Threei} that, and
[15:58] {ilana} have a nice evening, everyone
[15:58] {strider} night , ilana.
[15:58] {fernp} SOLF, i'm gonna hold some shares overnight. Let's see what happen
[15:58] {Threei} how do you say no to a guy who goes to the bar and returns with 3 (three) glasses of vodka?
[15:58] {strider} bwahahahahaha
[15:58] {Threei} take care ilana
[15:58] {Threei} true story strider
[15:58] {Threei} I have a photo
[15:58] {strider} And two of em are still full when he gets to the table?
[15:59] {nemo} witnesses too
[15:59] {Threei} all three are!
[15:59] {Threei} can you believe it?
[15:59] {Threei} I mean, two of us are drinking
[15:59] {Threei} and he brings three glasses?
[15:59] {strider} That's one thing. He could still carry three glasses of vodka.
[15:59] {Threei} this is my kind of people
[15:59] {nemo} then there was the JD
[15:59] {strider} juvenile delinquent?
[16:00] {Threei} lol
[16:00] {Threei} OK guys
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {nemo} It's from your neck of the woods Strider
[16:00] {Threei} see you tomorrow
[16:00] {strider} thank you vad.
[16:00] {nemo} P&Q
[16:00] {fernp} Good evening everybody
[16:00] {strider} Jack Daniels.
[16:00] {nemo} yeah, I came back with that on the 2nd round
[16:00] {strider} real whiskey.
[16:01] {strider} that, and George Dickel.
[16:01] {strider} Did they have assistants to get you to your room?
[16:02] {nemo} that was on the boat
[16:02] {strider} oh god.
[16:03] {strider} I got to take me wife to the grocery store. she got her car stuck in the yard in the snow. :(
[16:04] {Threei} yikes
[16:04] {nemo} what
[16:04] {Threei} long forgotten issue
[16:04] {Threei} snow
[16:04] {Threei} in yeards
[16:04] {Threei} yards
[16:05] {strider} my wife kind of forgot about it , too.
[16:06] {strider} I told her....don't pull into the grass and get stuck.
[16:06] {strider} So she decided to pull into the grass, but not get stuck.
[16:06] {strider} Didn't work.
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