Jan 05 2010

Volume returns in the market and ranges were much wider today. Not much readability still but we are getting there. Probably biggest surprise of the day - airlines, strength against all common sense.

Session Time: Tue Jan 05 00:00:00 2010

[07:41] {Threei} Tuesday, January 05, 2010 7:30:23 AM

[07:41] {Threei} Geron Corp Journal publishes positive data on telomerase inhibitor in Glioblastoma

[07:41] {Threei} - This preclinical data demonstrates that telomerase inhibitor drug, imetelstat, inhibited telomerase activity and reduced tumor size in xenograft models of glioblastoma, and inhibited the activity of glioblastoma stem cells in culture. The data, authored by Geron collaborators at the University of Texas Southwestern Medical Center at Dallas, were published in the January 1, 2010 issue of Clinical Cancer Research.

[07:41] {Threei} - CEO: "Cancer stem cells pose an additional therapeutic challenge. These data add to the growing list of cancer types where the inhibition of cancer stem cells by imetelstat has been shown preclinically. We will further investigate imetelstat's anti-cancer stem cell potential clinically in our Phase II trials in breast and lung cancers, multiple myeloma and chronic leukemias that will begin later this year."

[08:15] {Threei} BLTXX Baltic Dry Bulk Index rises over 4% (2nd straight gain)

[08:31] {Threei} KERX Announces Special Protocol Assessment Agreement with FDA for Phase 3 Registration Program of Zerenex in the Treatment of Hyperphosphatemia

[08:38] {strider} out STEC, +1.22, + 1.88

[08:38] {Threei} wtg

[08:38] {strider} :)

[08:46] {patience} very nice strider

[08:47] {strider} thank you, patience:)

[08:47] {Threei} Iranian commettee denies Senator Kerry visit permission

[08:48] {strider} now, if that don't float his boat...

[08:49] {nemo} I love it

[08:54] {Threei} great

[08:54] {Threei} large study on the outcomes oif quitting smoking

[08:54] {Threei} 70% develop diabetes

[08:55] {nemo} saw that

[08:55] {Threei} now, remnind me why I quit...

[08:55] {nemo} wonder how many are overweight and at what age?

[08:55] {Threei} I knowe I gained 10-15 pounds in rather explosive manner

[08:56] {Threei} barely managed to stop it, let alone shedding them back

[08:56] {nemo} yes...and if people become overweight and are older, they are subject to maturity on-set diabetes

[08:57] {Threei} I like these "oh, increase your physical activity"

[08:57] {Threei} would be fine ifg ZI led cedentary way of life before

[08:58] {Threei} but I was fairly active as it was

[08:58] {Raven} eat less food

[08:58] {Threei} it's not like quitting smoking added me hours to the day so I could exersize more

[08:58] {nemo} Your body had a homeostasis while smoking...It needs to find a new level, then you can work from there

[08:59] {Threei} metabolism wernt down

[08:59] {Threei} which is normal outcome for quitting

[08:59] {nemo} body didn't have to work as hard

[09:00] {strider} Mesa Air files for Ch. 11 bankruptcy protection

[09:01] {strider} Auto sales, pending home sales at 10.

[09:05] {Threei} watching RIMM

[09:05] {Threei} possible short

[09:06] {Threei} .74 trigger

[09:08] {strider} .85 stop ?

[09:08] {Threei} depends on the high of the bounce

[09:09] {Threei} leave it alone, a bit too high

[09:09] {strider} k

[09:09] {Les} morning

[09:09] {Threei} maybe aggressive entry with tight stop

[09:09] {Threei} morning les

[09:11] {fernp} Good morning everybody

[09:12] {Threei} fern

[09:15] {Les} see potash is fashion of the moment

[09:15] {Les} MON had a very nice day yesterday

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:16] {nemo} dude

[09:17] {_billyc} gm al

[09:17] {Threei} billy :)

[09:17] {dino} gm all

[09:17] {dino} slxp?

[09:17] {Threei} dino :)

[09:18] {Threei} no news that I see on SLXP

[09:19] {ese} dude........

[09:19] {strider} Salix target raised to $58 from $29 at Piper Jaffray

[09:19] {ese} vad

[09:19] {strider} Piper doubled its price target for Salix Pharmaceuticals to $58 and highlighted the stock as its top small-cap specialty pharma pick in 2010. The firm believes the company's pricing power associated with Xifaxan is being underestimated by investors and keeps an Overweight rating on the stock

[09:20] {dino} ty

[09:23] {dino} deo

06[09:24] * Threei slaps lasertrev around a bit with a large missing day in charts

06[09:25] * nemo slaps lasertrev around a bit with a large 2nd the motion

[09:26] {lasertrev} wow, gm

[09:26] {nemo} not for you

[09:26] {lasertrev} didnt know i was so loved

[09:26] {nemo} we're a fickle crowd

[09:26] {nemo} "To Serve Trev"

[09:27] {lasertrev} whats up?

[09:27] {nemo} chart data from yesterday missing to start

[09:27] {lasertrev} ok

[09:29] {nemo} lari :)!!!

[09:29] {Threei} Preview: Dec US Vehicle Sales numbers expected throughout the day from major auto makers

[09:29] {Threei} **consensus estimates y/y (adj):

[09:29] {Threei} - Ford: +13%e (usually released at Noon ET).

[09:29] {Threei} - GM: -11%e (usually released around 1:45pmET).

[09:29] {Threei} - Chrysler: -14%e

[09:29] {Threei} - Toyota: +21%e

[09:29] {Threei} - Honda: +8%e

[09:29] {Threei} - Nissan: +5%e

[09:29] {larisa} gm :)

[09:29] {strider} haven't seen any missing here.

[09:29] {Threei} larisa :)

[09:29] {fernp} charts are working fine already

[09:29] {larisa} is there a problem with buying power on Laser or itis just me?

[09:29] {nemo} ahhh...Vad...try chart server 5

[09:30] {Threei} larisa, switch to the nickname with X

[09:30] {Threei} right upper corner of your Laser

[09:30] {Threei} thanks nemo, works

[09:31] {Threei} lol

[09:31] {Threei} just wehn I started typing short RIMM

[09:32] {lasertrev} is everyones charts working now?

[09:32] {Threei} caught it this time but too fast to alert

[09:32] {nemo} ag names rocketing

[09:33] {Les} GLD .87 B/d?

[09:33] {Threei} on chart server 5 yes trev

[09:34] {Les} FCX

[09:34] {lasertrev} ok thanks

[09:35] {Threei} look at UAUA

[09:35] {Threei} remember we talked yesterday abouth strange strength?

[09:35] {Les} market reality in action hey?

[09:35] {nemo} now that makes as much sense as a screen door on a submarine

[09:36] {Threei} what's wrong with screen door in submarine? keeps mosquitos out

[09:36] {strider} filters plankton.

[09:36] {nemo} mmmhhh...image of mosquito with scuba gear

[09:37] {nemo} amzn coughing up the furball

[09:37] {dino} mesa air bankruptcy

[09:37] {ese} pretty amazing run for uaua since Nov 30

[09:37] {Threei} SORL... we tried to get a break on it yesterday

[09:38] {Threei} UAUA... this starts looking like momo in the making

[09:38] {Les} DAL high as a kite as well

[09:39] {strider} +.31 AMZN scalp

[09:40] {fernp} scalp?

[09:40] {fernp} gj

[09:40] {Les} nice

06[09:40] * Threei slaps strider around a bit with a large roll of cash

[09:40] {Les} how to read DAL Vad?

[09:40] {Les} .80 is sufficient support?

[09:41] {strider} (now, if I can just find that roll of cash....)

[09:41] {Threei} I don't understandf the question les

[09:41] {fernp} LCC, Vad? another airline

[09:41] {Les} sorry, you referring to being almost momo

[09:41] {Threei} they are all running fern,

[09:42] {Threei} and none of them makes any sense

[09:42] {nemo} liquidity rotation

[09:42] {fernp} ok

[09:42] {Threei} (US) Preview: Nov Pending Home Sales due out at 10:00ET

[09:42] {Threei} **consensus expectations:

[09:42] {Threei} - m/m: -2.0%e v +3.7% prior

[09:42] {Threei} - y/y: 31%e v 28.6% prior

[09:43] {Threei} US) Preview: Nov Factory Orders due out at 10:00ET

[09:43] {Threei} **consensus expectation: 0.5%e v 0.6% prior

[09:43] {Threei} FCX

[09:44] {Threei} let's try to find short entry on the bounce

[09:44] {Threei} just above .60, on a first sign of weakness

[09:44] {Threei} ha\lf lot

[09:44] {dino} fdx hl l .25

[09:44] {Threei} with stop above .80

[09:45] {Threei} crap

[09:45] {Threei} no chanced

[09:45] {Threei} right ideas, no chance for entry

[09:45] {ese} l hig pullback .20

[09:46] {Les} nice idea though. I saw these long candles in fcx and thought "no way"

[09:46] {ese} out hig .27 =}07

[09:46] {ese} +.07

[09:46] {dino} abfs, odfl, cnw hold well today, after 2 days of blood

[09:46] {Les} POT

[09:46] {Les} break of 117?

[09:47] {Threei} no

[09:47] {nemo} what's your stop

[09:47] {Les} wanna see consolidation

[09:47] {Les} 1st

[09:47] {Threei} 90 cents spike in two bars

[09:47] {Les} ok

[09:47] {Threei} what kind of risk control is that\

[09:48] {fernp} PXP, Vad?

[09:48] {fernp} 29 break?

[09:49] {Threei} yes

[09:49] {dino} fdx stopped -.26\

[09:49] {Threei} too laste fern?

[09:49] {Threei} or got itZ?

[09:49] {fernp} y

[09:50] {fernp} late here

[09:50] {Threei} took me a few seconds to process, and it jumped

[09:50] {fernp} np

[09:50] {Les} fcx meeting your setup now vad?

[09:50] {Threei} no, not reaslly

[09:51] {Threei} Long Setup: CSIQ half lot

[09:52] {Threei} .85 break

[09:52] {Threei} stop under .70

[09:52] {nemo} too fast

[09:52] {Threei} grrr

[09:52] {fernp} missed too

[09:53] {Threei} CSIQ is likely to pullback hard now

[09:54] {Threei} to about .70, maybe even lower

[09:54] {Threei} let's see if we can catch it there

[09:55] {dino} joyg hl l .75

[09:58] {dino} fdx rinsed

[09:58] {Threei} Short Setup: CSIQ .95 half lot

[09:58] {Threei} if stays under .10

[09:59] {Threei} Short Setup: FCX .70 break half lot

[10:00] {Threei} stop .85

[10:00] {Threei} *(US) NOV PENDING HOME SALES (M/M): -16% V -2.0%E; (Y/Y): +19% V 31.0%E

[10:00] {Threei} US) NOV FACTORY ORDERS: 1.1% V 0.5%E

[10:01] {nemo} now that's some conflicting data

[10:01] {Threei} no kidding

[10:01] {Threei} market is lost

[10:01] {strider} stop csiq

[10:02] {Les} stopped fcx

[10:03] {Les} has tax breaks for housing finished?

[10:03] {nemo} march

[10:03] {strider} long SLXP .58 swing

[10:06] {Les} wfc .65 b/d with .75 stop?

[10:07] {Threei} ICXT Hearing vague takeover chatter circulating (0.01, 0.00, 12.50%)

[10:07] {Threei} WFC, yes

[10:08] {Les} in .64

[10:08] {Threei} needs market help

[10:08] {Les} k

[10:08] {Threei} aas most of them

[10:08] {Threei} but valid setup

[10:11] {dino} joyg to .69 stuck

[10:11] {dino} out -.05

[10:11] {dino} -06 i mean

[10:11] {ese} did i ever misjudge HIG.....nice move

[10:11] {Threei} UAUA non-stop

[10:12] {Threei} looks far from done

[10:12] {strider} short HOG .49 stop .60

[10:12] {dino} sure, now it goes

[10:15] {Threei} Long Setup: ENER .50 break if stays above .40

[10:15] {nemo} nope

[10:16] {Les} stopped wfc

[10:17] {dino} wag l .85

[10:17] {Threei} Long Setup: ATHR .35 break half lot

[10:18] {fernp} .25 stop?

[10:18] {Threei} or .20

[10:18] {Threei} ENER 1:12 in case anyone got it

[10:18] {Threei} 1:1

[10:19] {fernp} missed here

[10:19] {fernp} and stopped WFC

[10:19] {dino} deck

[10:19] {strider} in ATHR

[10:20] {strider} stop HOG

[10:20] {ese} L seed .64

[10:21] {fernp} out ATHR

[10:21] {fernp} ty

[10:21] {Threei} 1:1

[10:21] {nemo} 1/2 out .48

[10:21] {ese} out seed .74 +.10

[10:21] {strider} out +.14

[10:22] {Threei} ENER, grrr

[10:22] {Threei} over 1:3

[10:22] {Les} ty ATHR and vad. +.12

[10:24] {Threei} ese

[10:24] {Threei} see FITB bumping of 2 days resistance?

[10:24] {Threei} .22

[10:25] {ese} in and out seed .87/.94 =}07

[10:25] {ese} +.07

[10:25] {ese} sorry that was too quick to post

[10:25] {Threei} nemo, 1:2

[10:25] {nemo} yep out

[10:25] {Threei} :)

[10:26] {nemo} don't know how much I made of course...TREV

[10:26] {ese} hey vad....been watching that

[10:26] {Threei} look Summary in blotter

[10:26] {ese} fitb that is

[10:26] {Threei} okay :)

[10:26] {Threei} just wanted to make sure

[10:27] {Threei} CIEN Hearing vague takeover chatter circulating

[10:27] {Threei} - Nokia rumored as a potential acquirer (20.55, +0.05, 0.24%) (related NOK )

[10:27] {ese} thats one of your screens correct....2 day highs

[10:27] {dino} esi sm l .35

[10:27] {Threei} yes

[10:28] {Threei} IVAN...

[10:28] {Threei} 3.12 52 weeks high

[10:29] {Les} RIMM .80 b/d with .95 stop?

[10:30] {Threei} hard to tell

[10:30] {Threei} breakdowns didn't really work yet today

[10:30] {Les} being supported by 50 ma

[10:30] {Les} yes

[10:32] {Threei} Long Setup: HGSI 32 break

[10:32] {Threei} if stays above .90

[10:32] {Threei} volume returns to the markets gradually

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 235M shares, about 7% below its three-month average; advancers lead decliners by 1 1:1.

[10:32] {Threei} - NASDAQ volume 540M shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.

[10:32] {Threei} - VIX index -0.25% to just over 20.00

[10:33] {nemo} athr scalpers regret

[10:33] {Threei} ener

[10:33] {Threei} watching for possible entry under .50

[10:35] {nemo} wow, didn't get hgsi lucky

[10:35] {Threei} no go HGSI

[10:35] {fernp} shit. HGSI

[10:35] {Les} stopped HGSI

[10:35] {Les} 3 for 3. time for a pause

[10:44] {fernp} remember my LAMRs from yest at .21?

[10:44] {Threei} you are still in?

[10:44] {fernp} selling here .55

[10:44] {Threei} nice

[10:44] {fernp} ty

[10:45] {Threei} ATHR new high

[10:45] {strider} wtg fern

[10:45] {Threei} can we have it back?

[10:45] {Threei} gofigure... things can't move more than 10 cents for two weeks,, now all of a sudden there is no stopping to the movements

[10:46] {fernp} RMBS on highs

[10:47] {ese} vad whats your volume setting on your 2 dayhigh screen

[10:48] {Threei} 200K

[10:48] {Threei} but you may want to set it higher

[10:48] {Threei} my filters are intentionally loose

[10:49] {ese} sure.......why so loose

[10:49] {Threei} CBAK

[10:50] {Threei} it's that same that run before New Year on rumor of battery for Google phone

[10:50] {Threei} then came out after hours to deny it

[10:55] {Threei} SCON Hearing strength attributed to positive note from MDB Capital (timing uncertain)

[10:55] {Threei} - Shares Initiated at Buy, PT $6.75 (2.85, +0.36, 14.46%)

[11:00] {patience} .

[11:02] {Threei} fern... don't look at LAMR now

[11:03] {fernp} nice breakout here

[11:04] {ilana} RIMM 67 b\o?

[11:04] {fernp} FITB .25 break is valid, Vad?

[11:04] {Threei} RIMM, shart looks good

[11:04] {Threei} whether market helps or not is a concern

[11:05] {Threei} I liked .22 fern... it's valid, it's just very slow

[11:05] {fernp} ok

[11:06] {Threei} SCON can turn into runner if chews through this level .05 - .15

[11:06] {ese} it's valid....i'm long

[11:06] {Threei} IVAN new highs

[11:07] {Threei} ese, you never looked into it, did you

[11:07] {ese} what fitb?

[11:08] {Threei} IVAN

[11:08] {ese} no not ivan

[11:08] {ese} been following drys......am long there at .24

[11:10] {ese} had been buying drys slowly...last position 12/15

[11:15] {Threei} ABAT Strength attributed to chatter it has been chosen by Apple to provide batteries for forthcoming tablet computer (4.32, +0.26, 6.40%)

[11:17] {larisa} I want them to create edible comp, so i can eat my keyboard when I am angry :)

[11:17] {Threei} no way... I have hard toime with excessive pounds as it is

[11:17] {ese} hmmmmmmmm

[11:18] {nemo} o.k. Larisa, I'd say you need a vacation, but you just came back

[11:18] {larisa} just tell me I need it, I will go again :)

[11:18] {nemo} You need a vacation

[11:18] {Threei} don't even think about it nemo

[11:18] {larisa} ty

[11:18] {nemo} I just do what I''m told

[11:19] {larisa} ideal man

[11:19] {Threei} ABAT again

[11:22] {Threei} 4.50 is a very tempting resiatance for ABAT

[11:22] {Threei} look at daily

[11:22] {Threei} 08/13

[11:22] {Threei} 09/23

[11:23] {Threei} 09/30

[11:24] {Threei} look at SCON level 2

[11:24] {nemo} whoa

[11:24] {nemo} but it's a dino stock

[11:24] {Threei} MVIS Ticks higher on speculation that Apple's tablet could include a built in projector which could be supplied by MVIS (3.45, +0.22, 6.81%)

[11:25] {Threei} rumor bunker is back from Christmas vacation I see

[11:25] {nemo} yeah, I just heard Jessica Biel asked me to marry her

[11:27] {Threei} 2.95 buyer is serious

[11:27] {dino} do it

[11:27] {nemo} yeah saw that

[11:27] {nemo} I would dino

[11:28] {ilana} HGSI .60 break?

[11:29] {nemo} need some volume into the break

[11:29] {ilana} and if market helps

[11:29] {Threei} can't tell, really misbehaving stock

[11:29] {fernp} are u thinking SCON 3 break, Vad?

[11:29] {Threei} I'd prefer 3.05 fern

[11:29] {ese} fwlt ?

[11:29] {nemo} big offer at .05 also

[11:29] {fernp} ty

[11:29] {Threei} I doubt offers at 3 are real

[11:29] {Threei} but 3.05 sure is

[11:30] {fernp} huge offers at 3

[11:30] {ese} too late

[11:30] {Threei} COIN

[11:30] {Threei} COIN Exclusive Caribbean distributor Matosantos awarded Walmart order

[11:30] {Threei} - received an order for its all-natural, organic fertilizers from Walmart of Puerto Rico. The order ... (0.89, +0.21, 30.88%) more... (related SMG WMT )

[11:34] {nemo} watching abx

[11:35] {strider} RMBS short?

[11:37] {magoo} good day

[11:37] {Threei} hey mags

[11:38] {Threei} not sure strider

[11:39] {ese} fwlt....bull trap....big time

[11:41] {ese} same potential with ctsh.....looks lke it wants to break to new highs but the market is moving the other direction

[11:43] {ese} ctsh looks to be carrying on though

[11:44] {Threei} keeping an eye on ABAT

[11:45] {ese} .45 break bad?

[11:45] {ese} ahhh vad?

[11:45] {Threei} I think so

[11:45] {Threei} main thing is .50 break, IMO

[11:45] {Threei} that should give a start to real momo

[11:46] {fernp} stop is .35?

[11:46] {Threei} maybe half at .45 break and add half on .50

[11:46] {ilana} look at offer at .45

[11:46] {Threei} yes fern

[11:47] {fernp} k

[11:48] {ese} markets tend to move towards size ilana

[11:49] {Threei} often, yes.. acts as magnet

[11:49] {ese} i remember reading that in Josh Lukemans book " The Market Makers Edge"......

[11:49] {nemo} size matters?

[11:49] {ese} L abat .46

[11:49] {strider} me too

[11:50] {fernp} here too

[11:50] {ese} other than vads books....i found that one to be the most informative and reliable

[11:50] {ese} i just didn't know how to use it at the time.......

[11:51] {nemo} good night Irene

[11:52] {ese} but that was indeed one of his statements....being a market maker....because they get paid per trade......"markets tend to move towards size in the short term"....

[11:52] {nemo} looks like abat bounced off size

[11:53] {Threei} just don't come out with denial now, ABAT

[11:53] {ese} abat....."bat out of hell".....just missed stop

[11:54] {Threei} be a good boy, take CBAK's way and deny al you want after hours

[11:55] {ese} we seem to be in bull trap territory in general

[11:56] {Threei} sigh

[11:56] {fernp} out here

[11:56] {ese} stopped

[11:56] {Threei} here is what happens with trading activity guys, so we understand where we are, why it's so tough right now and what to expect

[11:56] {ese} -.07

[11:57] {Threei} for about a year, starting from last fall, we had enormous, pratcically unprecedented volatility

[11:57] {ese} baaaaaaaasssssstad

[11:57] {Threei} VIX hit all time records if I remember correct

[11:57] {Threei} what happens next, when the pendulum goes this far?

[11:58] {nemo} snap back

[11:58] {Threei} naturally, it snaps all the way back

[11:58] {nemo} so now it's quiet as sheep

[11:58] {Threei} exactly

[11:58] {Threei} we are going through other extreme right now

[11:58] {nemo} EOW next

[11:58] {Threei} hours and hours with no movement, day after day

[11:59] {Threei} while nice volatility was there, we had no problem with profiting day after day

[11:59] {Threei} with many days running at 90-100%

[11:59] {Threei} VIX is around 20 now

[11:59] {Threei} volatility all but died,

[11:59] {Threei} so what's next?

[11:59] {nemo} EOW

[12:00] {Threei} another snap back

[12:00] {Threei} with sharp increase in volatility

[12:00] {nemo} probably not until after this earnings season

[12:00] {Threei} this is when we go through two stages:

[12:00] {Threei} first being,

[12:00] {Threei} adjusting to some changes in the movements,

[12:01] {Threei} spotting new sectors,

[12:01] {Threei} new patterns

[12:01] {Threei} not new exactly, rather: which of them work now

[12:01] {strider} long HOG .64, stop .58

[12:01] {Threei} and second being,

[12:01] {Threei} return to normal steady profits

[12:02] {Threei} with occasional bouts of momo movers

[12:02] {Threei} bringing icing on the cake,

[12:02] {Threei} making magoo happy

[12:02] {Threei} and creating general silly bubbling feeling

[12:03] {Threei} so there you go, brief overview of the situation and expectations

[12:03] {Threei} all who are at it for years see nothing out of ordinary - just a phase

[12:03] {Threei} newer traders percieve it differently somewhat, with feeling that it all happens for the first time ever

[12:04] {strider} that would be me.

[12:04] {fernp} IO hod with a nice daily

[12:05] {Threei} Reports Dec US Vehicle Sales +32.8% (unadjusted) v 13%e (adj); to 179K units; vs 0% in Nov (123K units)

[12:05] {Threei} - Total truck and van sales +19% y/y to 64.2K units vs -17.8% y/y in Nov (39.9K units)

[12:07] {dino} bsf drop

[12:07] {strider} bsf

[12:08] {strider} ?

[12:08] {fernp} IO 1:1

[12:08] {Threei} BCRX Hearing recent strength being attributed to reiteration of positive comments by Michael Murphy (7.10, +0.30, 4.41%)

[12:08] {Threei} NSANY Reports Dec US sales +18.2% y/y

[12:08] {Threei} - for all of 2009, sales -19%, at 770K units (17.53, -0.36, -2.01%)

[12:11] {Threei} remember old market adage:

[12:11] {Threei} volume comes first, price movement follows

[12:11] {Threei} look:

[12:11] {Threei} Market Internals update at 12:00pmET

[12:11] {Threei} - NYSE volume 460M shares, about 3% above its three-month average; advancers and decliners are about even.

[12:11] {Threei} - NASDAQ volume 1.08B shares, about 19% above its three-month average; decliners lead advancers by 1.1:1.

[12:11] {Threei} - VIX index -1.75% to just under 20.00

[12:11] {Threei} what a differnce vs last week

[12:12] {fernp} FITB 1:1 from my entry

[12:12] {ese} anybody still long abat?

[12:13] {ese} nice one fern.......40k?

[12:13] {Threei} not me but still watching it

[12:13] {fernp} 2000

[12:13] {Threei} SCON too

[12:14] {ese} just kidding only i'm that dumb

[12:22] {dino} wag stopped .97 +.12

[12:24] {strider} stop SLXP +.03 ,swing. boy that was a disappointment.

[12:25] {strider} out HOG long +.15

[12:27] {strider} my favorite pig showing some strength today.

[12:27] {fernp} gj

[12:27] {dino} you have hog dialed in last few days, gj strider

[12:28] {Threei} yeah, personal ATM

[12:28] {strider} LVS interesting,not sure which way though.

[12:30] {dino} wsm l apol .65

[12:31] {strider} GDS

[12:31] {strider} G

[12:31] {strider} one more time. GS

[12:32] {dino} mnkd

[12:38] {ese} L abat .42

[12:44] {Threei} SCON approached that 3 again

[12:44] {Threei} and looks at the offers with childish curiosity

[12:46] {Threei} how about that

[12:47] {nemo} yeah, whered they go

[12:47] {Threei} I looked away

[12:47] {Threei} my impression is, some got taken, the rest backed away

[12:47] {Threei} right, no?

[12:47] {nemo} looks it

[12:47] {nemo} nothing in over a minute

[12:48] {nemo} stec might be interesting

[12:51] {nemo} those big offers keep backing up on scon

[12:53] {strider} ttry again, short HOG .86

[12:53] {strider} stop hod

[13:01] {strider} short LVS .97 stop 17.01

[13:02] {strider} 18.01 stop

[13:03] {Threei} (IA) China Representative notes that new sanctions against Iran should not happen at the moment

[13:04] {Threei} ICXT Hearing DealReporter commenting that ICXT has hired an advisor to assist in assessing strategic alternatives including possible sale (0.00, +0.00, 12.50%)

[13:06] {magoo} vad, how u doing today? as in 4 for 5 or what?

[13:06] {Threei} nope

[13:06] {Threei} something like 2 out of 5 or so

[13:06] {magoo} what was yesterday?

[13:07] {Threei} what sre you, in census commitee now?

[13:07] {dino} audit comm.

[13:08] {magoo} hey, as a paying subscriber it should be public knowledge lol

[13:08] {Threei} but I am not a paying subscriber

[13:08] {Threei} so I don't possess this knowledge

[13:08] {magoo} I AM

[13:08] {Threei} then I should be asking you {G}

[13:08] {magoo} UUUUHGGGGG

[13:08] {Threei} lol

[13:08] {nemo} partial strider

[13:08] {magoo} in best charlie brown voice

[13:09] {Threei} relax mags... your days are coming

[13:09] {Threei} momos start waking up

[13:09] {magoo} now u are scaring me..thats what wife said last night in a fight

[13:09] {Threei} first hints of them appear

[13:09] {Threei} lol

[13:09] {Threei} UAUA today came close to turning into pure unbrodled momo

[13:11] {nemo} pot should bounce between here and .53 or so

[13:11] {Threei} CIEN Hearing unconfirmed reports that Nokia Siemens is not preparing an offer for Ciena (11.48, +0.46, 4.17%)

[13:11] {Threei} lol

[13:12] {Threei} this is like ruimor about perevious rumor being untrue, right?

[13:12] {Threei} yup:

[13:12] {Threei} ***Reminder: Earlier in the session there was vague takeover chatter circulating citing Nokia as a potential acquirer.

[13:13] {nemo} anybody take pot?

[13:13] {strider} that's kkind of personal, isn't it?

[13:13] {Threei} lol

[13:13] {nemo} DH

[13:13] {nemo} [13:11] {nemo} pot should bounce between here and .53 or so

[13:14] {Threei} get used to it strider... a week ago he asked me about the size of my monitor

[13:14] {strider} monitor lizard?

[13:15] {Threei} don't know why my honest answer "21 inch" provoked bouts of uncontrolled sobbings in him

[13:15] {nemo} mine are 24"

[13:18] {Threei} GOOG Formally announces Nexus One Phone

[13:18] {strider} and he claims to have 5 of them.

[13:18] {nemo} 4+ the laptop

[13:22] {Threei} 10-20 degrees below normal in forecast for the most of USA, including Miami

[13:23] {larisa} my friend just got back from Florida vacation. not happy :)

[13:24] {Threei} I heard Al Gore doesn't pick up his phone these days

[13:25] {strider} c'mon market. take a big dump. You'll feel better.

[13:25] {ese} gotta go all.....still long sm with abat.....dumb....we'll see wha happens at the end of the day......

[13:25] {Threei} take care ese

[13:25] {ese} see ya vad

[13:27] {larisa} bye ese

[13:30] {strider} there are so many ways to do this wrong.....

[13:30] {larisa} i liked your entry on LVS

[13:31] {nemo} yep

[13:31] {nemo} did you not partial?

[13:31] {strider} I was only holding 100 sh. so I didn't.

[13:31] {strider} dummy me.

[13:31] {ilana} HOG wasn't bad as well

[13:32] {strider} yeah. I just took a partial in HOG

[13:32] {nemo} when you have that few shares and are exposed to those extra fees, you take the scalp

[13:32] {strider} no nemo. that's what you do.

[13:33] {nemo} actually, no...I don't buy 100 shares

[13:33] {strider} I'm trying to get some bigger moves this week.

[13:33] {strider} All I meant was that you stated it as though it were a rule.

[13:34] {nemo} well, it was lunchtime or just coming out of it

06[13:35] * Threei grabs a popcorn and takes a seat in first row - fight between scalpers and longer term holders is NEVER boring

[13:35] {Threei} what's wioth ARBA?

[13:35] {ilana} start loving popcorn recently?

[13:36] {Threei} no, hate it wholeheartedly

[13:36] {Threei} single strongest reason I avoid movies

[13:37] {nemo} look at the pileup in lvs at .99

[13:38] {Threei} last news headline I have for ARBA is October

[13:38] {nemo} 18 too

[13:39] {ilana} SUNNYVALE, Calif.--(BUSINESS WIRE)--Ariba, Inc. (Nasdaq: ARBA - News), the leading spend management solutions provider, today announced that it is teaming with Wipro Consulting Services (WCS), a division of the Wipro Ltd. (NYSE: WIT - News), to help companies across India accelerate their spend management initiatives and the results that they deliver

[13:39] {strider} out HOG .78. Formed a dble bottom.

[13:39] {strider} out LVS +.02 , btw.

[13:40] {Threei} is it today?

[13:40] {ilana} yes

[13:40] {ilana} Press Release Source: Ariba, Inc. On Tuesday January 5, 2010, 8:30 am EST

[13:40] {dino} no its yesterday

[13:40] {Threei} k... my wire missed it for some rweason

[13:41] {strider} long HOG .79

[13:42] {nemo} wow, lvs blew through

[13:42] {nemo} it's going momo

[13:42] {strider} dia is rocking

[13:42] {Les} AWIAV?

[13:44] {Les} caught your words over at bill's. appreciate the perspective

[13:45] {Threei} strider finds one killer play aftert another

[13:45] {Les} AWIAS?

[13:45] {Threei} I take back seat and piggyback him

[13:45] {Les} asking wrong person, am i?

[13:45] {Les} AIG at lod

06[13:45] * Threei is now known as a Wrong Person

[13:46] {Les} sounds like a Tarantino film

[13:46] {Les} "The Wrong Man"

[13:46] {Threei} no such film by Tarantino

[13:46] {Les} *sigh*

[13:47] {Les} a possibility, a potential

[13:47] {Les} AIG .50 b/d with .60 stop?

[13:48] {Les} .62 stop

[13:48] {Threei} nah

[13:49] {Les} What are you in strider?

[13:49] {Threei} GM Reports Dec US Vehicle sales -14% (adj) v -11%e (adj) to 160.9K units

[13:49] {Threei} - Affirms Q1 production 650K v 650K unit prior

[13:49] {Threei} - Q4 production 618K v 620Ke

[13:50] {Threei} DT GOOG to offer Nexus for $179

[13:50] {Threei} wow, really?

[13:51] {Threei} early rfeports naimed $500 area

[13:51] {Threei} oh wait

[13:51] {Threei} $179 with T-Mobile contract

[13:51] {Threei} okay then

[13:52] {strider} stop HOG -.02

[13:52] {Les} RIMM - is this what you would define as capitulation Vad?

[13:52] {Les} hi vol.

[13:52] {Threei} not really

[13:53] {Threei} too shallow selling

[13:53] {Les} volume too shallow?

[13:53] {Threei} price dip

[13:53] {Threei} 20-30 cents?

[13:54] {Threei} far from capitulation

[13:54] {Les} k

[13:55] {Threei} getting closer

[13:55] {Les} can you see a bounce in that movement?

[13:55] {Les} or potential for?

[13:55] {Threei} this is sharp selloff with volume spike, likely to produce better bounce

[13:55] {Threei} not ready yet

[13:59] {Threei} ok, probably last leg of selling starts

[13:59] {Threei} one more sharp dive and let's hunt

[13:59] {Les} bounce producing more than a scalp?

[14:00] {Threei} I don't even know yet where there entry is

[14:00] {Threei} you want me to say where the exit will be? :)

[14:00] {nemo} se if qs hold this level

[14:01] {Threei} dive to .80 for entry

[14:01] {Threei} with stop under .70

[14:01] {Threei} ESE Announces Aclara AMI System Win in Florida (35.00, -1.69, -4.61%)

[14:01] {Threei} that's why he left in as hurry

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 685M shares, about 7% above its three-month average; decliners lead advancers by 1.1:1.

[14:02] {Threei} - NASDAQ volume 1.59B shares, about 22% above its three-month average; decliners lead advancers by 1.3:1.

[14:02] {Threei} - VIX index -1.1% to just under 20.00

[14:04] {Threei} RIMM half lot

[14:04] {Threei} first strength

[14:05] {Threei} in

[14:05] {Threei} stop under .70

[14:06] {Threei} nope

[14:06] {Threei} something is behind this selling

[14:06] {Threei} too pesristent, not just technical up and down

[14:07] {nemo} google phone?

[14:07] {Threei} it's not like its arrival is unexpected news...

[14:07] {Threei} it was pre-anounced quite a while ago

[14:08] {Les} so I asked before if bounce produces more than a scalp...

[14:09] {Les} a big selloff like that doesn't guarantee trend reversal, or big bounce etc

[14:09] {Threei} hmm?

[14:09] {Threei} lost me

[14:10] {Threei} nothing guarantees anything

[14:10] {Les} I asked if the rimm bounce would be more than a scalp

[14:11] {Threei} I don't even know what to sasy

[14:12] {Threei} this question has no answer whatsoever

[14:12] {nemo} Qs gave it up too

[14:12] {nemo} yeah, watching level II on entry, it was somewhat weak

[14:13] {nemo} Qs sunk...taking everthing with it

[14:13] {Threei} RIMM delling is something differenty nermo

[14:13] {Threei} selling

[14:13] {nemo} absolutely, but if Qs are sinking no way weak stock like that gonna' pop

[14:13] {nemo} imo

[14:13] {nemo} ?

[14:14] {nemo} :)

[14:15] {Threei} it's almost like RIMM is taking Qs with it

[14:17] {Les} $ rising have anything to do with it?

[14:18] {nemo} maybe not rimm, but could have something to do with market

[14:19] {dino} pwrd s hl .32 stop .53

[14:27] {dino} stopped .51, +.19

[14:27] {dino} -

[14:28] {Les} $gold cliffdiving, yet GLD holds up

[14:28] {Threei} GGOG is unlikely reason for this... GOOGitself dropped too

[14:35] {Threei} fern

[14:35] {Threei} you won't believe what popped up on my scvanner today

[14:36] {Threei} care to take a wild guess?

[14:36] {nemo} cpst

[14:36] {Threei} no

[14:36] {nemo} amzn

[14:36] {nemo} sorry

[14:38] {larisa} short?

[14:38] {larisa} sorry :)

[14:39] {Threei} don't even try... it's fern special

[14:39] {nemo} short what larisa?

[14:39] {larisa} amzn

[14:39] {nemo} no...I thought I was over my chart wanted to look at it

[14:40] {nemo} almost looks that way though

[14:40] {nemo} could go either way

[14:40] {nemo} volume break of .50 long

[14:40] {larisa} 134.54 pivot

[14:41] {nemo} yes

[14:41] {nemo} should serve as resistance

[14:41] {nemo} risk/reward sucks, need volume

[14:41] {nemo} short could be below .40

[14:42] {larisa} what was ferns stock vad? :)

[14:42] {Threei} it just won't tell you much

[14:42] {Threei} AMAG

[14:42] {larisa} a bit late amzn. 134.80 level i liked for short

[14:42] {larisa} I see :)

[14:43] {Threei} RIMM pulled back again

[14:43] {Threei} mags, you alive out there?

[14:43] {Threei} look at RIMM's ranges

[14:44] {Threei} no those measly 10 cents for hoirs anymore

[14:45] {Les} so has RIMM returned to old form?

[14:45] {Les} it's been like this before I take it?

[14:45] {nemo} sneaky amzn

[14:45] {Threei} yes, this is much closer to its normal volatility

[14:46] {Threei} and some normal patterns start appearing

[14:46] {Les} ok, so could be one hit wonder or changing trading patterns?

[14:46] {Les} ok

[14:46] {Threei} scalp from .25 to .40 just now

[14:47] {Threei} I don't know Les

[14:47] {Threei} see, here is the problem I constantly have with the way you shape up the questions:

[14:47] {Threei} you expect prediction

[14:47] {Threei} what WILL happen

[14:47] {Threei} this is fundamentally incorrect approach

[14:49] {Threei} trader's view of the world:

[14:49] {Threei} events give me a clue how I need to react,

[14:49] {Threei} I react on them,

[14:50] {Threei} then it's world's business to tell me whether my reaction was right one or wrong

[14:50] {Threei} and ZI will react again on what it tells me.

[14:52] {larisa} who is ZI

[14:52] {Threei} my evil twin

[14:53] {Les} hgsi .95 break?

[14:54] {Threei} les, am I getting through at all?

[14:54] {Les} why

[14:54] {Threei} every time I try to talk to you about major things foer your trading, you switch to something else

[14:54] {nemo} Trade what you see, not what you think

[14:54] {Threei} am I wasting my breath?

[14:55] {Les} belt up nemo

[14:55] {Les} ok have we stopped trading for the day?

[14:56] {Les} I cannot say what I think in confines of this blog

[14:56] {Les} it would take too long

[14:56] {Les} probably requires face to face weekend at bahamas

[14:56] {Les} but thats another year

[14:56] {Threei} ok, I'll drop it

[14:57] {Threei} no, I don't like how HGSI acts on breaks today

[14:57] {Threei} EUR/USD Goldman Sachs Chief Economist O'Neill: expect dollar to rebound; EUR/USD may reach $1.2000 in the next few years (update

[14:58] {Les} HIG hod

[15:00] {Les} but fear not, your breath is not wasted

[15:01] {nemo} It'll sink in

[15:01] {Threei} RAI Reportedly a US judge rules in favor of tobacco companies in challenge of FDA ban on advertising and label designs, colors and graphics

[15:01] {Threei} - ruling also states tobacco claims cannot be banned just because the FDA has regulated the product

[15:02] {fernp} gotta go. Good evening everybody. See u all tomorrow.

[15:02] {strider} see ya fern.

[15:02] {Threei} take care fern

[15:02] {dino} cya fern

[15:02] {strider} Les, pm

[15:05] {Threei} hmm

[15:05] {dino} mmh

[15:05] {Threei} life is a b*tch

[15:05] {strider} B flat?

[15:05] {dino} in the end it doesn't matter

[15:06] {Threei} after a few stops, trying to avoid causing more harm but still to get a better feel for market changes,

[15:06] {Threei} I decided to take a few trades without calling them

[15:06] {Threei} what do you know

[15:06] {Threei} they all worked like charm

[15:06] {Threei} crap :)

[15:06] {dino} i'm struggling today and yesterday

[15:06] {Threei} ABAT .25 entery for double bottom

[15:07] {Threei} three trades on RIMM

[15:07] {Les} well if it aids to clear up confusion...

[15:08] {Les} I can see that conditions have changed in these two sessions...

[15:08] {Les} and I wanna know why, what, how etc

[15:08] {Les} clearly answers cannot be easily given

[15:09] {Les} this is frustrating in age of "google anything I want anytime I want"

[15:09] {Les} :)

[15:10] {dino} les, only cnbc can tell you with abosolute certainty why, what, how. but of course they will be wrong

[15:10] {larisa} lol

[15:10] {Threei} or they will be right but just a tad late

[15:10] {strider} {&Threei} they all worked like charm

[15:10] {strider} [15:06] {&Threei} crap :) Ya know, you could SHARE!

[15:11] {Threei} that was my dilemma strider

[15:11] {Threei} I dtopped calling them to avoid causing more harm

[15:11] {Threei} and to get in tune better before resuming calls

[15:11] {strider} I don't mean the calls. I mean the CASH!

[15:11] {Threei} oh

[15:11] {Threei} sorry, misundferstood

[15:11] {strider} :)

[15:11] {Threei} sure thing

[15:12] {Threei} still not sure I got it,

[15:12] {Threei} see the problem:

[15:12] {Threei} RIMM entry at 14:19,

[15:12] {Threei} .25

[15:13] {Threei} it's exactly the same setup as one that stopped us earlier

[15:13] {dino} mga?

[15:13] {Threei} ABAT .25 entry

[15:13] {larisa} what was earlier call on RIMM?

[15:14] {dino} these moves are crazy for 2 days, 10-20%, my mind is confused

[15:15] {Threei} 14:06 Larisa,

[15:15] {Threei} .82

[15:15] {strider} dino, you need to change drugs.

[15:15] {Threei} with stop under .70

[15:15] {dino} if i ran a fund, i'd sell now and take the rest of year off

[15:16] {Threei} well dino... this loss of orientation in the market happens to us now anf then,

[15:16] {Threei} real question is:

[15:16] {Threei} was there any single time that we haven't got it back?

[15:16] {nemo} no

[15:17] {larisa} second is much better on RIMM:) broken downtrend. imo :) so nexxt time do not be afraid and share :) not cash, but calls!

[15:17] {nemo} it happens once a season

[15:17] {Threei} but it was the same setup at the moment larisda

[15:17] {Threei} larisa, sorry

[15:17] {dino} bizzarro world. how do i buy up 5-9 pts in 2 dats, yet getting stopped on shorts

[15:17] {Threei} cover right part of the chart in both cases

[15:17] {Threei} they are identical

[15:18] {Threei} US) House Speaker Pelosi : final healthcare bill will contain what is needed to hold insurance companies accountable

[15:18] {Threei} oh good

[15:19] {Threei} howe is this such a big mystery what to do with insurance companies

[15:19] {larisa} second time we broke downtrend. and first time we were sliding down in full strendth. but may be i see it differently

[15:19] {dino} autos, then banks, next heath, airlines, etc

[15:19] {Threei} are you looking at the right time stamp, larisa?

[15:19] {nemo} no, the unions own the auto companies, they'll leave them alone

[15:20] {Threei} 14:06

[15:20] {dino} govt owns gm w/unions

[15:20] {Threei} bottom at .71, jump to over 66,

[15:20] {dino} and gmac

[15:20] {Threei} pullback to .80

[15:20] {Threei} clean prep for double bottom

[15:21] {Threei} second one could just drop to 65 and below just as well, ruining thias second setup

[15:21] {Threei} would be exact repetition of first one

[15:22] {Threei} small lear jet has crashed near the City of Chicago in a forest reserve - CNN

[15:22] {larisa} my chart setting are different from yours, so i will not argue. Can I like one setup more than the other? :)

[15:23] {Threei} you - can

[15:23] {larisa} please?

[15:23] {larisa} ty

[15:23] {Threei} I just can't say no to you

[15:23] {larisa} ty

[15:25] {Threei} (whispering) but it's the same setup (running away)

[15:26] {larisa} if you connect tops on that selloff you will see what I mean. Again, i use tick charts, may be it is not visible on time bars

[15:26] {larisa} and i am too lazy to check :)

[15:27] {Threei} gimme a few secs

[15:28] {Threei} on my chart, 14:22 entry would be what matches your idea

[15:29] {Threei} breaking over that descending line through the tops

[15:31] {Threei} SORL, this is annoying

[15:31] {Threei} we couldn't get it to break 9.40 yesterday

[15:31] {Threei} day ended with no triggering

[15:32] {Threei} or was it .36

[15:33] {larisa} I opened 1 min. it is ugly and now i see why you are arguing with me. On tick chart it is perfect trendline from 1 pm to 14:15. and your entry was first pullback after breaking downtrend . beautiful :) done with it:)

[15:34] {Threei} actually I am arguing with you becvause I like arguing... but hey :)

[15:34] {larisa} lol

[15:44] {dino} out cnw +.27

[15:45] {larisa} gj

[15:45] {dino} thx

[15:50] {dino} pgm

[15:52] {Threei} so, is insane move by airlines done or frikin UAUA gapos ovwer 14 tomorrow and keeps going, lol

[15:53] {strider} Just gapped and sat there today. I wouldn't bet on another gap.

[15:53] {Les} spy finishing at new high for year. why not go higher?

[15:53] {Threei} sat there?

[15:54] {dino} look at cal

[15:54] {Threei} it went up a buck after the gap

[15:54] {dino} oil up, terror up, hmmm

[15:54] {strider} looking at a 5 min chart, looked like about .60 to me.

[15:54] {Threei} 12.87 intraday low

[15:55] {Threei} no kidding dino, this is one of the stragest things I;ve seen

[15:55] {strider} yeah. Did it mostly in the first 15 min.

[15:56] {strider} My point was just that it wasn't a continuous climber through the day.

[15:56] {strider} Got to where it was going early.

[15:57] {magoo} MOS reports after bell

[15:57] {strider} Don't know if that's relevant.

[15:57] {Threei} just in a sense of whether there was a setup to use or not

[15:57] {Threei} with this move, not really

[15:58] {dino} out bth +.22

[15:59] {larisa} I want clear answer if market is going to sell and when..

[15:59] {Threei} no it's not

[15:59] {strider} that seems only fair, larisa.

[15:59] {Threei} is "when" still relevantZ?

[15:59] {nemo} I don't think it sells until $ strengthens significantly and interest rates rise

[15:59] {dino} out apol .90, +.25

[15:59] {Threei} if so, then it's not going to sell tomorrow

[16:00] {nemo} No place else to put money

[16:00] {Threei} ot after tomorrow

[16:00] {larisa} sigh

[16:00] {Threei} from everything i SEE,

[16:00] {Threei} THIS MOVE IS NOT OVER YET

[16:01] {Les} ok night all

[16:01] {Threei} I am not even sure about dfollar nemo

[16:01] {strider} night, les.

[16:01] {Threei} I mean, it may strengthen (and I beliueve it will)

[16:01] {Threei} yet market won't budge

[16:01] {nemo} me neither, but there is no place else to put money right now

[16:01] {nemo} real estate...no

[16:02] {nemo} bonds...yeah right

[16:02] {magoo} vad, what move? the upward market trend u referring too?

[16:02] {Threei} yeah

[16:03] {larisa} too me market feels exhausted. Even with a rally yesterday. But it feels this way for a month already :)

[16:03] {Threei} it gives cracks, starts breaking... then just regains strength and continues charging

[16:03] {magoo} everybody and i mean everybody expects fall in february

[16:03] {Threei} that's eactly thwe point larisa

[16:03] {Threei} not even month,

[16:03] {Threei} it feels exhausted entrire fall

[16:03] {Threei} and just goes and goes

[16:03] {Threei} why Feb mags?

[16:03] {dino} things' been running this way since march 15th

[16:04] {Threei} I heard theories (silly ones to say honestly) about Jan, for various tax reasons

[16:04] {Threei} Feb is new for me

[16:04] {dino} but these last 2 days are a bit insane imo

[16:04] {magoo} some baloney statistic of a green first day in jan pulls for a green january, but then death

[16:04] {dino} 10-20% in days, beware a pullback of 5-10%

[16:04] {Threei} ah... okay... :)

[16:05] {Threei} I would be happy to get some serious selloff

[16:05] {Threei} would make trading so much easier

[16:05] {dino} well, told you my problem earlier

[16:05] {Threei} yeah

[16:05] {magoo} as long as we recognize it and dont fight the trend vad

[16:05] {Threei} we rarely do

[16:06] {magoo} the log in to your site is "trendfighter" hwe he

[16:06] {Threei} huh?

[16:06] {Threei} since when

[16:06] {magoo} go to site and log in lol

[16:07] {Threei} you lost me

[16:07] {Threei} but that's OK{ a lot of people lose me

[16:07] {Threei} and I lose them

[16:07] {Threei} I live in a Lost World

[16:07] {Threei} funny label on TV

[16:08] {Threei} awaiting pres Obama terror update

[16:08] {Threei} okay guys, thank you all

[16:09] {Threei} have a good evening, see you tomorrow

[16:09] {nemo} gnite

Jan 04 2010

Volume improved a bit but the market stayed locked for the most part of the day which didn't provide many trading opportunities. with a few winning trades scattered here and there, stops still prevailed.

Session Time: Mon Jan 04 00:00:00 2010

[08:10] {ese} good morning and happy new to you all

[08:10] {nemo} dude

[08:11] {strider} :)

[08:11] {strider} you're up early, ese.

[08:11] {ese} dude

[08:11] {ese} st

[08:11] {strider} STEC may be moving.

[08:11] {ese} ya for sure.....couldn't sleep.....couldn't wait to get back to it

[08:12] {Threei} CPHD Receives FDA Emergency Use Authorization for First 2009 H1N1 Influenza Assay for CLIA 'Moderate Complexity' Laboratories

[08:12] {Threei} LVS UBS Raised LVS to Buy from Neutral, price target: $20

[08:12] {ese} had my eye on it when it was in the 12's

[08:12] {Threei} good morning

[08:13] {ese} but didn't like the volume last month and was not sure about it....it's made anice move into 16/17

[08:16] {ese} read on the weekend that there is still 3.2 trillion dollars sitting in money market funds yet to be committed to the market

[08:20] {ese} things are as they should be then.....by the time those people decide to commit....the market is at a top and then they ....welll you figure it out

[08:23] {ese} morning vad....by the way.....

[08:23] {Threei} ese :)

[08:25] {ese} baltic dry index up for the first time in 15 sessions

[08:28] {ese} you got your eye on anything vad

[08:30] {Threei} LVS

[08:30] {Threei} CPHD

[08:30] {Threei} NVDA

[08:30] {Threei} NVDA Broadpoint AmTech Cuts NVDA to Sell from Hold, price target: $14

[08:31] {nemo} In "Normal" times January tends to be tech sell off time

[08:38] {ese} now why is that nemo?

[08:39] {nemo} it's been a consistent cycle, likely because so much tech today is consumer related..after Xmas, time for a respite

[08:45] {ese} gotcha....makes sense

[08:49] {ese} this is the start of how many years trading Vad ?

[08:50] {Threei} 14th

[09:02] {Threei} Las Vegas Sands Corp Goldman Sachs Reinstating coverage with a Neutral rating

[09:02] {Threei} - Believes company is in a better position, both financially (leverage down to 6.4X from 10X) and from an operational perspective ($500M in cost cuts), than it was just a few quarters ago

[09:02] {Threei} - The restart of construction in Macau and the Singapore opening provide a growth path. However, the Las Vegas market faces 13% supply growth that could weigh on room rate recovery, the Singapore ramp is likely to be volatile given the phased opening, and the company still faces increasingly challenging covenant tests at the US restricted group.

[09:05] {ese} long 15 .65 vad?

[09:05] {ese} or 15.70

[09:06] {Threei} so far .65 break... but I'd really prefer the setup to form a bit later

[09:12] {ese} vad do you already have an order of some kind in? or do you wait

[09:13] {Threei} no, just waiting for a setup to shape up

[09:13] {ese} tks

[09:13] {Threei} gap is too big for me to just jump in here

[09:13] {nemo} yeah, look at the offer at .65

[09:14] {nemo} Hey Raven, wings cold?

[09:14] {Threei} what's the rush... whole year ahead

[09:14] {ese} indeed

[09:20] {Les} yeh but we wanna make money now!

[09:20] {Les} gm :)

[09:21] {Threei} morning les

[09:21] {dino} gm all

[09:21] {Threei} dino

[09:22] {Raven} morn nemo ... wings at 23F

[09:22] {strider} morning all.

[09:22] {Threei} strider :)

[09:22] {fernp} Good morning everybody. Happy 2010

[09:22] {Threei} fern :)

[09:25] {strider} STEC small move

[09:25] {lasertrev} morning

[09:26] {strider} morning trev.

[09:26] {Threei} trev :)

[09:26] {lasertrev} :)

[09:26] {Threei} trev, should we use x-account or normal one today?

[09:26] {lasertrev} yes

[09:26] {strider} ha!

[09:26] {nemo} that was helpful trev

06[09:26] * nemo slaps lasertrev around a bit with a large trout

[09:26] {Threei} good answer... let's try again? :)

[09:27] {nemo} ahhhh....first trout of the year!

[09:27] {lasertrev} lol, x account please

[09:27] {Threei} is it for the whole year?

[09:27] {lasertrev} from now on

[09:27] {lasertrev} forever

[09:27] {ese} good to get that off your chest eh nemo

[09:27] {Threei} can they take away non-x one?

[09:27] {fernp} holaun da s

[09:27] {Threei} 'cause I know one day I'll forget to switch

[09:27] {fernp} ooops

[09:27] {fernp} wrong window

[09:28] {nemo} ehhh...just lucky

[09:28] {lasertrev} i think they will shortly

[09:30] {ese} and were off.....good luck to this year

[09:30] {ese} all

[09:31] {strider} AMZN drop

[09:32] {ese} L lvs .64

[09:34] {fernp} NVDA dropping

[09:34] {Les} .78 b/o fcx?

[09:34] {Les} .82 excuse me

[09:34] {ese} out lvs .70 +.06

[09:35] {Threei} I'd take .80 break

[09:35] {Les} holdign .70

[09:36] {ese} tks for lvs vad

[09:36] {Threei} :)

[09:36] {Threei} offer FCX closer to 83 les

[09:36] {Threei} should spike now

[09:37] {Threei} there you go

[09:38] {Les} nice one

[09:38] {Les} but not in

[09:38] {strider} RGR upgrade nemo:)

[09:39] {nemo} hehehe

[09:39] {Threei} why nor... perfect setup

[09:39] {dino} meli

[09:40] {Les} what? RGR b/d?

[09:40] {Threei} I am talkjing about FCX

[09:40] {Les} oh

[09:41] {Les} trouble filling. whatever algorithm manages paper trading didn't wanna let me have it

[09:41] {strider} NVDA bounce

[09:42] {Les} chased a couple of cents but not further. damn thing was bouncing up and down

[09:43] {Les} fcx seems strange after moving so sleepily last few weeks

[09:45] {Les} why is GLD ranging so tightly?

[09:45] {Threei} (US) Preview: Dec ISM Manufacturing Index due out at 10:00ET

[09:45] {Threei} **consensus expectations:

[09:45] {Threei} - ISM Manufacturing: 54.3e v 53.6 prior (estimates range between 52-56).

[09:45] {Threei} - Prices Paid: 57.2e v 55.0 prior.

[09:46] {ese} if you get a chance take a look at lvs again vad

[09:46] {Threei} CSIQ strength, interesting against the background of FSLR weakness

[09:47] {Threei} volume dries up into this advance ese

[09:47] {Threei} I don't like it for long

[09:47] {ese} tks

[09:49] {nemo} lvs right at some long-term level I have on my charts

[09:49] {strider} hosrt HOG .55

[09:49] {strider} short

[09:49] {Threei} BRCM

[09:50] {Threei} wow ARST

[09:51] {Les} fcx b/d .25 trigger .40 stop?

[09:53] {_billyc} Good Morning All.

[09:53] {Threei} billy :)

[09:53] {Threei} Long Setup: BRCM .32

[09:53] {Threei} if stays above .25

[09:56] {Les} out fcx .10 +.13

[09:57] {Les} BRCM still valid?

[09:57] {Threei} nah

[09:57] {Les} k

[09:57] {fernp} stopped here

[09:58] {Threei} shakeout

[09:58] {fernp} grrrr

[09:59] {strider} out +.04

[10:00] {Les} volume die off in fcx. traders awaiting news release?

[10:00] {Threei} *(US) DEC ISM MANUFACTURING INDEX: 55.9 V 54.3E; PRICES PAID: 61.5 V 57.2E

[10:00] {Threei} US) NOV CONSTRUCTION SPENDING (M/M): -0.6% V -0.5%E

[10:00] {Threei} - prior revised from 0.0% to -0.5%

[10:00] {Threei} that was very rude of BRCM

[10:00] {fernp} yeah

[10:01] {fernp} CSIQ if breaks .20, Vad?

[10:02] {Threei} chgart is right, it's just this stock that is so not a breakout one...

[10:02] {Threei} not sure

[10:02] {fernp} 5 cents spread

[10:02] {fernp} don't like it. TY

[10:03] {Les} brcm again vad? .50 trigger?

[10:03] {Threei} not by me

[10:04] {Threei} it managed to shake us out even on pullback entry

[10:04] {Threei} no frikin way I'd go for breakout on it

[10:05] {dino} cagc

[10:06] {Les} ok. so one can take a shakeout as a warning of unpredictability?

[10:06] {Threei} rather: it's not a stock that can be traded today this way

[10:10] {Threei} interesting thing that intrigues me:

[10:11] {Threei} oil is going up, security concerns make travel less attractive,

[10:11] {Threei} yes look at UAUA

[10:11] {fernp} HIG .71, Vad?

[10:11] {dino} was thinking same 3i, should be crushed

[10:11] {Threei} worth a try

[10:12] {nemo} could be a volume exhaustion spike fern

[10:12] {strider} out HOG +.18

[10:12] {fernp} ok

[10:12] {Threei} yes dino

[10:12] {fernp} gj strider

[10:12] {dino} gj strider

[10:12] {Les} oh right, you mean its relative strength?

[10:12] {Les} nice st

[10:12] {Threei} instead of hard landing, holds fairly close to highs on daily

[10:12] {nemo} PPT at it again

[10:12] {strider} thanks guys

[10:13] {Threei} in red today but not the kind of red you'd expect looking at the situation

[10:13] {Les} so traders not ready to sell off airline stocks yet?

[10:13] {Threei} I'df keep an eye on the sector

[10:14] {dino} their expenses are going up huge, fuel/security, plus they never really make $ anyway

[10:14] {Threei} fern, on HIG

[10:14] {dino} would have rather obama took them over instead of autos

[10:14] {Threei} .65 or .60

[10:14] {nemo} any bets traders betting on government backstop

[10:14] {Threei} both are valid

[10:14] {fernp} ty

[10:14] {dino} good point nemo

[10:15] {strider} jumped the trigger

[10:15] {strider} HIG

[10:15] {Threei} don't chase, see if it pulls back

[10:15] {strider} k

[10:15] {fernp} yeah, was impossible

[10:17] {Les} UAUA related to JAL's success in getting further subsidies?

[10:17] {Les} new bailout coming?

[10:18] {Les} sorry Nemo, my intellect clearly lags yours

[10:18] {nemo} huh? what?

[10:18] {Les} bailout of airlines

[10:19] {nemo} wouldn't be the first time Les

[10:19] {Les} :D

[10:19] {Threei} if went for HIG on this pullback, stop is under .65

[10:19] {Threei} no two options anymore

[10:20] {Threei} anf eel free to start booking

[10:20] {strider} AMZN dying today.

[10:20] {nemo} Xmas over

[10:21] {Threei} this is what I thought of Xmas of 2008, nemo

[10:21] {Threei} but then next one came so quickly

[10:21] {Threei} I was like "wait a minute, didn't we just do thwe whole thing"

[10:21] {nemo} lotta' short coma

[10:21] {nemo} that year

[10:21] {Threei} must be age thingy

[10:21] {ese} L egle .21

[10:22] {Threei} years start flying by rapidly

[10:22] {Les} keep it to yourselves. some of us don't want to know about ageing yet...

[10:23] {Les} although with daughter turning 9 on new years, age is catching up fast...

[10:23] {Threei} you keep it to yoursel;f, sdome of us don't want to hear about that energetic youthfoulness

[10:23] {strider} youthfoulness :)

[10:24] {Les} threw that out the window when I chose to sit down 6 hours a day with you vad

[10:24] {Threei} I thought you'd tap in that strider :)

[10:24] {Les} growing respectable beer gut now

[10:24] {ese} egle stop .15

[10:25] {Threei} ok, let's try this

[10:25] {Threei} Short Setup: BRCM .30 break

[10:25] {strider} duh

[10:26] {nemo} nope

[10:26] {Les} if holding?

[10:26] {Threei} .40

[10:26] {strider} k

[10:27] {strider} I think not, said Descartes.

[10:27] {strider} And promptly disappeared.

[10:27] {ese} rats....missed lvs

[10:28] {nemo} that was Bilbo

[10:28] {strider} Sat through the Trilogy this weekend. God, that's long.

[10:28] {ese} yup

[10:28] {Threei} Short Setup: AIG .60 break if stays below .70

[10:28] {dino} arst

[10:30] {strider} in .57:(

[10:30] {Threei} wow... entry 29.5999

[10:30] {Threei} lol

[10:31] {strider} insider trading.

[10:31] {strider} X rocks.

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

[10:31] {Threei} - NYSE volume 220M shares, about 15% below its three-month average; advancers lead decliners by 6 9:1.

[10:31] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; advancers lead decliners by 4.2:1.

[10:31] {Threei} - VIX index -3.5% to just over 20.50

[10:32] {Threei} volume improves significantly

[10:32] {Threei} what's with VVTV?

[10:32] {Threei} I see no news

[10:35] {Threei} BAC CEO says BoA does not have to change their strategy- TV interview (15.48, +0.42, 2.79%)

[10:35] {Threei} because old one worked so well for them I guess?

[10:36] {dino} lol

[10:36] {Threei} anyone is still in HIG?

[10:37] {strider} lemme guess. You are.

[10:37] {Threei} no

[10:37] {dino} wow bucy

[10:37] {Threei} sold .81

[10:38] {magoo} morning

[10:38] {Threei} mags :)

[10:39] {Threei} let's scratch AIG here

[10:39] {Threei} doesn't feel right anymore

[10:40] {Les} yes not confident of it. ty.

[10:40] {fernp} out

[10:45] {Les} FCX creating large ascending triangle.

[10:48] {Threei} Short Setup: RIMM .65 break

[10:48] {Threei} if stays under .76

[10:49] {Threei} opposite setup is valid as well

[10:49] {fernp} SDS breakdown, Vad?

[10:49] {Threei} yes

[10:49] {fernp} k

[10:50] {Threei} WATG Update: Electric Motor to be Installed in Electrical Taxis (12.67, +0.93, 7.92%)

[10:50] {Les} ok. l rimm .77

[10:51] {Threei} WATG - Announced that one of its major customers, WEV has obtained 100 AEV licenses for its electric taxis from the local government, which is planning to increase the number of licenses accordingly in the following years. Wonder Auto's electric motor will be installed in these taxis, which include more than 10 different models of 2-seat and 4-seat vehicles.

[10:51] {Threei} - Electric motors will become another strong growth driver to our total sales revenue in the future.

[10:52] {Threei} RIMM if works, looks to me good for above .90

[10:53] {strider} stop .60 or .65?

[10:53] {Threei} .65

[10:54] {Les} stopped again

[10:59] {strider} short HOG .61

[11:00] {strider} next time I think about trading RIMM, someone please whack me with a large trout.

[11:00] {dino} will do

[11:00] {Threei} you know that's going to be the exact time it works like charm, right?

[11:00] {strider} thks

[11:01] {strider} yeah, but 1 win vs. multiple losers doesn't work for me:)

[11:01] {Les} CAT is on a roll

[11:03] {dino} hl s arst .28 stop .51

[11:04] {dino} bucy one more spike then down

[11:04] {patience} .

[11:05] {dino} here it comes

[11:07] {nemo} this cold weather might keep bucy going, joyg keeps going

[11:08] {Threei} and we thought global warming meant we can short them

[11:08] {nemo} climate change

[11:11] {Les} X .10 b/d? .25 stop?

[11:11] {dino} stopped arst

[11:11] {Les} am looking to see if it bounces off 50 MA

[11:11] {Threei} 50/50 X

[11:12] {Les} k

[11:16] {Les} l X .21. tight stop

[11:16] {fernp} SWKS interesting

[11:20] {Les} stopped X

[11:21] {strider} short HOG, avg. .575, stop .60

[11:21] {strider} stop .65

[11:24] {dino} bucy sm s .85 bstop .02, jumpy

[11:26] {Les} vad X 58 B/d?

[11:27] {Threei} STILL 50/50

[11:28] {Les} ok. has fallen through 50 ma. will wait for backtest of resistance

[11:30] {Les} CAT?

[11:31] {Les} .90 b/o?

[11:31] {Threei} hard to tel, actual high is .95

[11:32] {fernp} btw SDS hit 1:1

[11:32] {Threei} yup, saw that

[11:32] {Threei} if CAT holding .85 from now on, maybe worth it

[11:33] {Les} ok. 50 MA playing catch up

[11:33] {Threei} but with stop this tight, don't just scalp it

[11:33] {Threei} unless you play huge shares

[11:33] {Threei} offer half into spike over .95

[11:34] {dino} bucy stopped -.17\

[11:34] {Threei} and try for second half well above 59

[11:34] {Les} what? you meant aggressive entry at .85?

[11:34] {Threei} hmm?

[11:35] {Les} was waiting for new high to be broken

[11:35] {Les} .95

[11:35] {Threei} I was answering about .90 break entry

[11:35] {Threei} here is exit for firsat half

[11:35] {Les} ahh. I upped entry to .95 when you said that

[11:37] {Threei} didn't imply change of entry

[11:37] {Les} understood now

[11:37] {Threei} here comes exit for second half

[11:37] {Threei} and first idiot hour this year starts with:

[11:37] {Threei} US Economist Krugman: House prices may fall another 5-10%; there is a 30-40% change of double dip recession

[11:37] {Threei} - Feels that the Fed ending of MBS purchases could add a full point to mortgage rates and will not be helpful

[11:37] {Threei} - Fed must provide more stimulus

[11:37] {Threei} - notes that unemployment will likely rise and housing may be struggle after March

[11:38] {nemo} I'm picturing the alcoholic priest in the liquor store in that bad Keanu Reeves movie

[11:38] {Threei} let me reiterate, in case you missed the apogee of idiocy:

[11:39] {Threei} - Fed must provide more stimulus

[11:39] {Threei} - Fed must provide more stimulus

[11:39] {Threei} - Fed must provide more stimulus

[11:39] {nemo} Does Krugman suggest who will buy all the new debt?

[11:40] {Threei} as most lefties, he doesn't bother much with reality

[11:40] {Threei} not that righties are much better, mind you

[11:41] {nemo} no they just cut taxes without comparable spending cuts

[11:41] {Threei} yeah

[11:41] {fernp} any read in AMAT, Vad?

[11:41] {Threei} I hate its slowness fern

[11:41] {fernp} ok ok

[11:41] {Threei} today is incredible day for it

[11:42] {Threei} it's the fastest I've seen it in many years

[11:42] {fernp} lol

[11:42] {strider} stopped HOG -..09

[11:43] {nemo} gone to the trough one too many times.hahahaha

06[11:44] * strider slaps nemo around a bit with a large slab of bacon.

06[11:44] * Threei hands strider huge frozen trout

[11:44] {strider} That's a fair trade.

[11:44] {nemo} cmon, that was a good one

[11:44] {dino} nemo, constantine?

06[11:44] * strider slaps nemo around a bit with a large gold star.

[11:44] {nemo} yeah, that was it

[11:45] {Threei} two federal marshals shot in courtroom in LV

[11:45] {nemo} cool

[11:46] {nemo} amzn developing reverse H&S

[11:46] {ese} vad do you have any copies of your book let after christmas

[11:46] {Threei} which one?

[11:46] {ese} left

[11:46] {ese} techniques of tape reading

[11:46] {Threei} I never had that

[11:46] {Threei} we don't sell it

[11:47] {Threei} MPP we do

[11:47] {ese} oh

[11:47] {Threei} icon on our site provbides a link to Amazon

[11:48] {ese} my brother is coming in from toronto on wed and i wanted to give him a copy

[11:48] {Threei} so I can make a search easier :)

[11:48] {ese} how bout profit plan

[11:48] {dino} easier to give him a beer

[11:48] {fernp} hey Vad, is still available your first online-book called job-daytrade?

[11:48] {Threei} that one I have ese

[11:48] {nemo} nice spanish syntax there fern

[11:48] {Threei} lol... no fern

[11:48] {fernp} ok

[11:49] {ese} ok.....will pop by one day after wed to get one

[11:49] {Threei} everything it had is in latest wortks, and much more

[11:49] {fernp} thanks for the info

[11:50] {Threei} gosh, how did you even find out about it... I thought it's long forgotten

[11:50] {fernp} in AMAZON reading your bibliography

[11:51] {Threei} I guess it's true that whatever appeared on Internet is there forever

[11:52] {Threei} now, how do I track down that video...

[11:52] {nemo} oh 'Vadimals"?

[11:52] {strider} I think the dept. of HEW took that one off, vad.

[11:53] {fernp} I spent some hours this weekend trying to fing the damn book :-)

[11:53] {ese} HEW?

[11:53] {strider} old.........

[11:53] {strider} Health Education, Welfare.

[11:53] {ese} ah

[11:54] {Threei} I stumbled onto it on some of old hardrives recently fern... was fun to reread it

[11:55] {Threei} not bad for early attempt actually... just a bit too "abbreviated" I'd say

[11:55] {Threei} written with assumption that a reader has tghe same observations as I do

[11:55] {Threei} TTR starts way earlier and goes way farther

[11:56] {ese} excellent book.......if i do say so myself

[11:57] {Threei} I wholeheartedly agree

[11:57] {fernp} so TTR is an evolution of "job-daytrade"

[11:58] {fernp} yeah, great book

[11:58] {Threei} you can call Job - Daytrader a table of content for TTR :)

[11:58] {Threei} exaggerating a bit of course...

[12:00] {strider} long STEC 18.05/stop 17.90

[12:00] {Threei} JOYG...

[12:00] {Threei} huge offer at .40

[12:01] {nemo} not sure when I put it there, but I have resistance at .52 on joyg

[12:01] {Threei} half lot long on break if stays above .30

[12:01] {Threei} forecast for a freeze to become even deepewr

[12:02] {nemo} I looked at the 15 day forcast here, barely gets to freezing at any time during that period

[12:05] {dino} 4 days in row here under 16

[12:05] {Threei} Market Internals update at 12:00pmET

[12:05] {Threei} - NYSE volume 395M shares, about 15% below its three-month average; advancers lead decliners by 8 4:1.

[12:05] {Threei} - NASDAQ volume 895M shares, about 4% below its three-month average; advancers lead decliners by 3.9:1.

[12:05] {Threei} - VIX index -6.5% to just over 20.00

[12:07] {ese} out egle .27 +.06

[12:10] {fernp} .40 huge offer has disappeared, no?

[12:10] {nemo} no

[12:11] {fernp} invalidated anyway

[12:11] {Threei} yeah

[12:14] {Les} CAT .90 b/d Vad?

[12:14] {Les} .95?

[12:15] {Threei} if market reverses...

[12:15] {Les} k

[12:15] {dino} arst hl s .55, stop .82

[12:18] {fernp} any read BRCD, Vad? nice daily

[12:18] {nemo} yeah fern...pain and suffering

[12:19] {Threei} lol... pretty much

[12:19] {Threei} the way I see BRCD:

[12:19] {Threei} very good daily, , if market stays strong it will go higher, but

[12:19] {Threei} the only way tyo utilize ity wituout holding overnight or being tortured the whole day is

[12:20] {Threei} buy morning break and use this early opening volatility

[12:20] {Threei} pretty much as it did this morning

[12:20] {fernp} ok, thank you

[12:20] {Threei} look at 25 cents spike in one bar,

[12:20] {fernp} yeah

[12:20] {Threei} then whole day 10 cents range

[12:20] {ese} L seed .62

[12:21] {Threei} wow, nice one eswe

[12:22] {ese} out seed .71

[12:22] {ese} +.09

[12:22] {ese} scary

[12:23] {dino} abfs hl l .75 stop .48

[12:28] {Les} short cat .90 since 12:20. small bounce. b/d likely with market help

[12:29] {Threei} yeah it looks fine by itself, just needs market to help

[12:29] {Threei} or at least not to get in the way

[12:31] {strider} Anybody else having trouble getting Nasdaq fills?

[12:31] {fernp} not here, st

[12:32] {nemo} dino...check bucy 65 call volume

[12:33] {strider} been that way since last week. Thought it was light volume, but...

[12:34] {strider} stopped STEC

[12:34] {dino} 65s

[12:35] {nemo} yeah

[12:37] {dino} cnw, odfl, abfs blood again, 2 days brutal

[12:43] {Les} stopped CAT flat

[12:47] {dino} arst to .52

[12:51] {dino} cov arst .31, +.24

[12:51] {Threei} HGSI

[12:52] {Threei} probably not a player today but worth keeping in mind for tomorrow

[12:54] {dino} abfs stopped -.27

[12:56] {fernp} SHO on highs

[12:58] {dino} fdx lod

[12:59] {Threei} interesting news item

[12:59] {Threei} Cathay General Bancorp UPDATE: Davidson Raised CATY to Buy from Neutral, price target: $12

[12:59] {Threei} - pre-open

[12:59] {Threei} - Firm believes CATY could be considered a consolidator in the Chinese-American space, if an FDIC assisted opportunity were to arise. Such an event would be positive for the stock as the market has rewarded acquiring banks participating in FDIC assisted deals.

[12:59] {Threei} CATY

[12:59] {ese} L seed ..62 double bottom 1min cht

[13:00] {ese} should have more volume to be really legit....but it hink it'll be ok

[13:01] {ese} am sm anyhow...just 2k

[13:01] {Threei} SORL

[13:02] {Threei} I like this big offer at the day high

[13:02] {Threei} and nice consolidation

[13:02] {Threei} hate how thin it is on a bid side

[13:02] {nemo} 220 volume, that's almost everything done already

[13:05] {nemo} joyg sneaking still big offer at .40

[13:05] {Les} short fcx .33 small shares. stop .50

[13:07] {patience} .

[13:07] {Les} point being?

[13:07] {ilana} no response from CATY...

[13:08] {nemo} joyg at .40

[13:08] {Threei} Short Setup: GOLD .13 break half lot

[13:08] {Threei} if stays under .25

[13:09] {Threei} thin... not for faint heart

[13:09] {fernp} yeah, 5 cents spread

[13:09] {Threei} SORL offer moved to .36

[13:10] {dino} ivac

[13:11] {strider} short GOLD .18

[13:12] {strider} stop .28

[13:19] {Threei} Avatar rakes in more than 1 billion

[13:19] {Les} u seen it?

[13:20] {Threei} no

[13:20] {Les} pretty cool

[13:20] {Les} 3d a bit overrated

[13:20] {Les} painful to watch

[13:20] {Les} not painful, tiring

[13:24] {dino} hl l .50 odfl

[13:29] {fernp} BRCD hit 1:1 lol

[13:29] {Threei} took just about 4 hours?

[13:29] {nemo} Pain and suffering

[13:31] {fernp} not pain and suffering for me, only a bit of patience

[13:36] {Threei} die GOLD

[13:36] {Threei} RMBS Hearing vague chatter of possible judge change in upcoming patent case (22.34, -2.06, -8.44%)

[13:37] {Les} got a friend betting every thing he has in the market on RMBS

[13:37] {Threei} better yet:

[13:37] {Threei} RMBS Hearing weakness being attributed to "fat finger" trade or to vague rumor of possible judge change in upcoming patent case (22.34, -2.06, -8.44%)

[13:37] {Les} fat finger trade?

[13:38] {Threei} that's expensive fingers someone goit

[13:40] {Threei} what price friend of yours got for his truobles if you know?

[13:41] {Threei} GOLD comes to fruition

[13:42] {strider} out GOLD +.15........geez

[13:42] {Threei} lol

[13:42] {Threei} why not

[13:42] {strider} torture

[13:43] {Les} gj

[13:44] {Threei} out .91

[13:44] {strider} as usual, left most of it on the table.

[13:44] {strider} I need to get some valium.

[13:44] {fernp} great job

[13:44] {ilana} at least you got some vaDium

[13:44] {Les} don't know vad. suspect he's been buying for some time now. Maybe holding before crash.

[13:44] {strider} oh, Ilana.

[13:45] {Threei} clap clap

[13:45] {fernp} good one ilana. lol

[13:45] {Threei} not too shabby for English as a third language eh

[13:45] {strider} I need the valium o counteract the vadium.

[13:45] {strider} to

[13:46] {Threei} ok strider... unless you are female of according appearance, don't even think of imp[lying that I excite you

[13:46] {Threei} wow GOLD

[13:46] {strider} not exactly what I meant, vad.

[13:46] {Les} beautiful

[13:47] {Threei} I hope not :)

[13:47] {strider} It's not you, it's the stocks you trade. :)

[13:48] {strider} give me the nervous jerks, as a girlfriend used to say.

[13:48] {Threei} whew

[13:48] {Threei} {--- feels strong relief

[13:48] {strider} Yeah, I could tell you were worried.

[13:49] {Threei} yes... I go to great length to guard my very very limited prientation

[13:51] {Threei} SORL still stays close to break level

[13:51] {Threei} record snowfall in Korea

[13:51] {Threei} record cold on Beijing

[13:52] {Threei} way to go global warming

[13:54] {Les} winter was almost a no show here. finally cooled down and started snowing in last few days

[13:56] {strider} out 1/2 HOG short, +.10

[13:56] {strider} didn't go whole HOG this time.

[13:56] {Les} Nemo...

[13:58] {nemo} Les

[14:01] {Threei} APII Reiterates commitment to continue to seek a reverse merger partner (0.08, -0.00, -1.19%)

[14:01] {Threei} huh?

[14:02] {Threei} if it's anything like reverse marraige, I never got that concept either

[14:03] {Threei} ICXT

[14:03] {Threei} getting interesting

[14:04] {strider} for long?

[14:04] {Threei} yes

[14:04] {Threei} returned above 8 too fast

[14:05] {Threei} I had it in mind as long trigger, just wanted a bit of consolidation

[14:05] {Threei} not sure for now

[14:05] {strider} k

[14:06] {Threei} if doesn't low 8 anymore, break of 8.10 will be a long trigger

[14:06] {Threei} doesn't lose

[14:06] {Threei} and not a scalp

[14:06] {Threei} should be good for something like 8.40

[14:06] {dino} fdx open gap fill

[14:07] {Threei} if goes under 8 again, no trade for now

[14:09] {dino} bth

[14:10] {Threei} Long Setup: ICXT 8.05

[14:11] {strider} stop .00?

[14:11] {nemo} .95

[14:12] {nemo} invalimudated

[14:12] {Threei} will be valid again if holding .90

[14:12] {strider} in valiumidated

[14:12] {nemo} big bid .87

[14:12] {Threei} if loses it sure invalidated

[14:13] {nemo} .87 dripped to .82

[14:13] {nemo} o

[14:13] {Threei} ok, no playt, but remains on watch for another setup

[14:14] {Threei} Long Setup: ICXT 7.95 break

[14:14] {Threei} usual routine of bottom hunting started from here on

[14:15] {Threei} .85 support for setup structure

[14:15] {nemo} .87 s3 pivot support

[14:15] {Threei} moving lower for the next setup

[14:16] {Threei} .80 - .90

[14:17] {strider} out balance HOG +.22

[14:17] {Les} HOGWASH ST!

[14:19] {dino} gj

[14:19] {strider} t'anks.)

[14:20] {strider} long .92

[14:20] {Threei} now, ideal scenario is holding .90 and breaking 8

[14:21] {Threei} that would put strong fioundation under the notion of trend change

[14:22] {Threei} guy bidding at .88 would do us all a favor moving to .92 now

[14:23] {ese} Had to step out am back and have to go again.....got stopped in seed at .50 -}12

[14:23] {ese} see ya tomorow

[14:24] {fernp} bye ese

[14:24] {dino} cya es

[14:24] {nemo} due

[14:24] {Threei} take care ese

[14:24] {nemo} dude

[14:24] {Les} ciao ese

[14:24] {strider} ese:)

[14:24] {Threei} move your butt ICXT

[14:28] {strider} move stop up yet, vad?

[14:28] {nemo} break of .97 might be a trigger

[14:29] {Threei} nah

[14:29] {strider} .80?

[14:29] {Threei} yes, for now

[14:31] {Threei} hole mackerel

[14:31] {Threei} holy too

[14:31] {Threei} shootout in LV

[14:31] {dino} rmbs .85 hl l

[14:31] {Threei} not just a shot or two fired

[14:31] {Threei} real gunfight

[14:33] {ilana} RIMM 66 b/o?

[14:33] {Les} who's the bad guys?

[14:33] {ilana} ICXT stopped

[14:33] {Threei} haven't heard this since 1993, when two groups competing for control over city center accicenatlly crossed their path in a restaurant

[14:33] {Threei} why? .80 stop

[14:34] {dino} stop to b/e

[14:34] {strider} GERN

[14:34] {Threei} GERN Strength attributed to report that study on Imetelstat shows it may benefit patients with brain and prostate cancers (5.90, +0.35, 6.31%)

[14:35] {strider} sure not much interest in ICXT

[14:35] {fernp} PTEN, Vad?

[14:36] {Threei} tough stock... don't know

[14:36] {fernp} k

[14:37] {Threei} RMBS Nasdaq investigating transactions deemed possibly 'erroneous' (22.46, -1.94, -7.95%)

[14:39] {dino} out rmbs +.05

[14:44] {strider} here goes the futs.

06[14:49] * Threei kicks ICXT in the rear

[14:51] {strider} ICXT is a mule.

[14:51] {strider} Kicking it just makes it sit down on your foot.

[14:52] {Threei} lol

[14:53] {strider} no interest in this stock.

[14:54] {Les} still feels like christmas trading...

[14:55] {Threei} not at all

[14:55] {Threei} Market Internals update at 2:00pmET

[14:55] {Threei} - NYSE volume 545M shares, about 17% below its three-month average; advancers lead decliners by 5 6:1.

[14:55] {Threei} - NASDAQ volume 1.25B shares, about 6% below its three-month average; advancers lead decliners by 3.3:1.

[14:55] {Threei} - VIX index -6.5% to just over 20.00

[14:55] {Threei} it's just a gap that ate all the amplitude of the move for the day

[14:56] {Threei} so we stay locked

[14:56] {Threei} but volume changed significasntly

[14:59] {fernp} out here

[14:59] {Threei} yeah

[14:59] {Threei} RMBS Hearing Capstone Equity making positive comments; Maintains Strong Buy rating, price target $60 (timing uncertain)

[14:59] {Threei} 60?

[15:00] {Threei} that's bold

[15:00] {Les} that's what my friend is betting on

[15:01] {Threei} with it being involved in this endless court war, any bet is a pure gambling on the outcome of the case

[15:01] {Les} that's what i said

[15:03] {Les} he's waiting for the "final" judgement

[15:04] {Threei} why not... as long as he a) is willing to lose most of it in case of failure and b) doesn't call it investing or trading

[15:05] {Les} he is an IT consultant, and supremely sure of his world. I cannot argue otherwise to him

[15:06] {Threei} no need

[15:06] {Threei} he either guesses right and will be firever proud of his prowess,

[15:07] {fernp} SYK 52 breakout?

[15:07] {Threei} or giesses wrong and remains convinced that he was right but some evil intruder broke the rules

[15:07] {Threei} yes fern

[15:08] {Les} understood. he also denies that small time daytrading can be profitable... so what can I say?

[15:09] {Les} we'll see who is right in a few years

[15:09] {Threei} no need to say anything

[15:09] {Threei} qwhy would you want to argue

[15:10] {Threei} if someone denies that sun rises in the morning and sets down in the evening, why argue?

[15:10] {fernp} PTEN 1:1 here

[15:10] {Threei} fern, return this profit in the market, will ya

[15:11] {Threei} day trading can't be profitrable

[15:11] {Threei} and don't even think of profiting from SYK

[15:12] {fernp} who says such thing?

[15:12] {Threei} Les's friend

[15:13] {fernp} ahhh!! he is a doctor buying stock with EOD data

[15:13] {Les} I attract all sorts

[15:13] {fernp} out SYK

[15:13] {fernp} sorry Les's friend :-)

[15:13] {Threei} not good fern... not good

[15:14] {fernp} easy oneVad

[15:21] {Threei} Rambus Inc Nasdaq to cancel certain trades of RMBS below $20.73

[15:21] {Threei} - determined to cancel all trades in security Rambus Inc. (RMBS) at or below $20.73 that were executed in NASDAQ between 13:28:00 and 13:32:00 ET. This decision cannot be appealed.

[15:23] {Threei} so, let mne get this straight

[15:23] {Threei} someone sells short at 22

[15:23] {Threei} covers at 18

[15:23] {Threei} now his cover is cancelled

[15:23] {Les} so he is left long?

[15:23] {Threei} and he is stuck with short at 22 while srtock trades at 23?

[15:24] {Threei} why long

[15:24] {Threei} it's cover that is under 20.73 so it's canceled

[15:24] {Les} sorry, you're right

[15:24] {Threei} short is what he is left with

[15:24] {Les} my clumsy description

[15:25] {Les} so someone spreading false rumours to buy up cheaper?

[15:26] {Les} or scaring to get a good short trade in...

[15:27] {Threei} if that's inded what happened, he didn't benefit much if at all

[15:29] {Threei} RIMM near lows

[15:36] {Threei} Short Setup: RIMM .90 break

[15:36] {Threei} if stays under 66

[15:37] {Les} in

[15:39] {fernp} ty

[15:43] {Threei} over 1:1

[15:44] {fernp} yeah, good one

[15:44] {fernp} LAMR interesting here

[15:45] {strider} out +.12

[15:45] {nemo} thinny as Dino would say

[15:45] {dino} lol

[15:45] {dino} gj

[15:47] {Les} did my averaging down trick again, instead of covering. at least it was profitable

[15:47] {Threei} yikes

[15:48] {Threei} remember that confusion seemingly limited to terminology?

[15:48] {Les} too many errors today. some sleep me thinks may be in order...

[15:48] {Threei} cover sell, short, buy, bid, offer, support, resistance

[15:48] {Threei} it's not limited to terminology

[15:49] {Threei} it's lack of clarity in concepts

[15:50] {strider} holding STEC overnight, from pre-market at 17.15

[15:50] {Threei} all of it?

[15:51] {strider} good point

[15:52] {Threei} not delighted by today

[15:52] {nemo} Les' fault

[15:53] {Threei} nothing catastrophic, just usual day sprinckled with a few stops, but who said I must be delighted with stops

[15:53] {Les} no I wasn't delighted either, but I don't rack it up to lack of clarity...

[15:54] {strider} Something I've disscovered myself doing is a kind of 'picking and choosing'.......I do it by varying the share size without any reason other than lack of confidence in myself. It doesn't work very well.

[15:55] {Threei} no... there are criteria defining the share size

[15:55] {Threei} it's wired into trading system

[15:55] {Threei} start varying it for irrelevant reasons, you are messing up thew system

[15:55] {strider} I've been trading smaller share size on my trades than on yours, vad. when you have a not so great day, and I have a better day, I still loose.

[15:56] {Threei} stock liquidity, stop size

[15:56] {Threei} those are valid factors

[15:56] {nemo} time of day

[15:56] {strider} yep.

[15:56] {strider} time of day?

[15:57] {strider} that's just another way of picking and choosing, isn't it?

[15:57] {ilana} "lunchtime", right, nemo?

[15:57] {nemo} yep

[15:57] {nemo} also, trades where conviction isn't high

[15:57] {strider} If you don't have as much confidence in lunchtime, should you trade it at all.

[15:57] {strider} Well that's exactly what I'm talking about.

[15:57] {nemo} like when I like a trade and vad says "50/50"

[15:57] {strider} Less conviction.

[15:58] {fernp} im going to hold some LAMRs for tomorrow. nice daily for breakout players

[15:59] {Les} alright. will sleep on it. night all.

[15:59] {Threei} okay guys

[15:59] {Threei} thankj you all

[15:59] {strider} thanks, vad.

[15:59] {Threei} let's get'em tomorrow

[15:59] {Les} ty vad

[15:59] {ilana} gn

[15:59] {strider} Not a tererible day.

[15:59] {Threei} no

[15:59] {strider} terererererible

[15:59] {Threei} just not profitable

[16:00] {nemo} oy vay...your supposed to learn to trade from Vad, not spell!!

[16:00] {strider} you want everything?

[16:00] {fernp} Good evening everybody. see u all tomorrow

[16:00] {Threei} it's a package deal nemo

[16:00] {nemo} osmotic

[16:00] {strider} I did mostly right things today...so I'm happy.

[16:01] {Threei} saved any trees?

[16:01] {strider} Actuallyu, yes. I shut down my woodworking shop last week.

[16:01] {_billyc} gn all

[16:01] {Threei} take care billy

[16:02] {Threei} you are supposed to kill beavers to save trees

[16:02] {Threei} BSQR Renews OEM Distribution Agreement With Microsoft

[16:02] {Threei} - agreement under which Bsquare sells Microsoft's complete line of software products for embedd...more... (related MSFT )

Dec 30 2009

Due to excessive fooling around, even though fun, group decided not to publish today's log. Suffice to say, two momo movers SEED and ICXT was all we found worthy to trade today. Charts are self-explanatory.

Dec 29 2009

Volume is half of average again. What we found mostly worked but finding something is a challenge.

Session Time: Tue Dec 29 00:00:00 2009

[07:38] {Threei} 7:00:31 AM

[07:38] {Threei} VIVUS, Inc Submits Qnexa(R) new drug application to FDA for treatment of obesity

[07:38] {Threei} - Submitted new drug application to the FDA seeking approval of Qnexa, its investigational drug for the treatment of obesity, including weight loss and maintenance of weight loss, in patients who are obese or overweight with co-morbidities such as hypertension, type 2 diabetes, dyslipidemia or central adiposity.

[08:11] {Threei} BofA/Merrill Lynch cutting Q4 EPS est to $5.74 from $6.57 (prior); Cuts MS Q4 EPS est to $0.40 from $0.47 (prior)

[08:11] {Threei} - Firm is cutting JPM Q4 EPS est to $0.68 from $0.71

[08:11] {Threei} - Firm maintains C Q4 EPS est $0.36

[08:35] {ese} good morning

[08:35] {Threei} ese :)

[08:35] {nemo} dude

[08:35] {ese} dude....vad

[08:37] {strider} morning.

[08:37] {ese} st

[08:37] {Threei} strider :)

[08:37] {strider} hey there.

[08:37] {strider} how are you handling CGEN?

[08:38] {strider} iow, are you still holding?

[08:38] {Threei} dumped in 30s when it climbed there just before 8

[08:38] {Threei} kind of: got my gap, but since bought a bit too early it didn't do me much good

[08:39] {Threei} if I were smart, I'd took b/e stop on second lot yesterday and rebought right into close

[08:39] {Threei} which would have worked perfectly

[08:58] {Les} .

[08:59] {magoo} morning

[08:59] {Threei} good point

[08:59] {Threei} mags

[08:59] {magoo} surprised CGEN neg

[08:59] {Les} hi. connection problems with IB

[08:59] {Threei} went to .35 earlier

[09:00] {magoo} u flippij it?

[09:00] {Threei} still... not as much enthusiasm as it desewrved

[09:00] {Threei} will keep an eye on it throughout the day

[09:00] {Threei} may get some spark

[09:00] {magoo} agree

[09:00] {Threei} *OCT S&P/CASE-SHILLER HOME PRICE INDEX: 146.58 V 147E; COMPOSITE-20 INDEX (Y/Y): -7.28% V -7.2%E

[09:01] {Threei} in holiday's trading traders often are looking for some name to try and run

[09:10] {dino} gm all

[09:10] {dino} had a livermoore moment, out aixg .925 ave, +.875

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:11] {ese} nice way to start the day there dino

[09:12] {Threei} let's also keep an eyer on VVUS

[09:12] {Threei} submitted FDA application for its obesity drug

[09:12] {Threei} which was louded to be a solution to all humanity ills

[09:13] {Threei} well, most of them

[09:13] {ese} man.....try exercise for crying out loud

[09:13] {Threei} traded at 10.20 earlier

[09:14] {Threei} exercise is not really an option if one's butt sprouted roots in one's couch, ese

[09:14] {Threei} and that can be said about significant part of population

[09:14] {Threei} so... that's where VVUS comes in :)

[09:15] {nemo} yeah, natural selection doesn't apply to humanity

[09:15] {nemo} Devo was right

[09:15] {Threei} not with all the achievemnt of modern dug uindustry

[09:15] {Threei} drug

[09:15] {nemo} war had more to do with it

[09:15] {dino} thx es, got lucky

[09:15] {nemo} the healthiest males were conscripted

[09:15] {nemo} that left the weak ones behind to breed

[09:15] {Les} I for one would welcome masseuse robot. I

[09:16] {nemo} they'll never be any good Les

[09:16] {dino} me too

[09:16] {Les} while sitting in chair 8 hours straight

[09:16] {Les} why not? I have vacuum robot. does a decent job...

[09:17] {nemo} massage is not only a technical discipline, but one of sensitivity

[09:17] {Threei} you mean vacuuming requires no sensitivity?

[09:17] {nemo} you can go to a technically trained masseuse/masseur, but if they don't have the hands for it, they suck

[09:18] {Les} so japanese companies should get busy making sensitive robots!

[09:18] {dino} set for 6th gap up day in row, only 4th time in s/p history

[09:18] {Les} make me a sensitive wife while you are at it.

[09:18] {nemo} depends on what it's sucking up Vad.

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:18] {dino} happy ending, lol

[09:18] {Les} fern

[09:18] {nemo} that's a skill too, dino

[09:19] {ese} speaking of exercise...i left early yesterday because i had a tee off time at the private golf club(Uplands GC) beside patience's place....when i got to the 17th tee over looking the Landsdown slope....i'd thought about taking my 4 iron and lobbing a golf ball into her back yard........fabulous view from up there......

[09:19] {dino} roflol

[09:20] {dino} while i sit in 10 degree f snowy conditions

[09:20] {patience} ihave a supply of gold balls in the garage....don't know why i collect them :)

[09:20] {patience} golf

[09:20] {patience} wish they were gold

[09:20] {Les} well at least you didn't think of putting it through her bathroom window

[09:21] {ese} would have been a thing of beauty watching my Titlelist pro v1x golf ball sail through the air and land in her back yard

[09:21] {patience} and you would have got it back if you braved the puppy

[09:22] {ese} ahhhhhhhh morning patience.........thought that episode would get your attention........you should be a member at Uplands

[09:23] {patience} great uncle founded it.....does that count?

[09:23] {ese} then i could golf there for less money with you

[09:23] {ese} really?..........wow

[09:27] {ese} http://www.uplandsgolfclub.org/ ..........you can take a tour of the golf course

[09:28] {Les} VVUS looking close to b/o?

[09:29] {Threei} as much as premarket can be indicative

[09:29] {Threei} which is to say, not that much

[09:29] {nemo} especially this week

[09:30] {Threei} true... we seriously luck players

[09:30] {Les} k

[09:30] {Threei} 50% volume...

[09:30] {nemo} crissakes aig is trading by appointment

[09:30] {Threei} yeah, quite amazing to see

[09:31] {nemo} amzn puts on a buck in less than a minute

[09:32] {strider} VVUS still .15 range

[09:32] {fernp} remember my AEOs? selling the gap +.24

[09:32] {Threei} wtg

[09:32] {fernp} ty

[09:33] {nemo} stec been strong lately

[09:33] {dino} lol,lucky out fsys ave .48, +.48

[09:33] {Threei} barely managed to type Rimm .40

[09:33] {Threei} and darn thing was above .50 already

[09:33] {nemo} need skype vad

[09:34] {Threei} AONE

[09:34] {Threei} no news that I see

[09:34] {Les} damn fcx just kicked the bucket

[09:35] {fernp} no news here AONE

[09:37] {fernp} FRE and FNM traded w/unusual volume yesterday fwiw

[09:38] {Les} GLD fell of a cliff. FCX is likely to follow. .35 b/d if further consolidation occurs vad?

[09:38] {nemo} they are going to begin massive reworks of mortgages

[09:38] {Les} too late

[09:38] {nemo} might bounce at .16 Les

[09:38] {Threei} not a very good setup anyway

[09:38] {nemo} or slightly above .20

[09:39] {dino} govt unlimited backing of fnm, fre for 3 years. removed the 200b cap

[09:40] {Threei} US Economist Case: Housing showing signs of life (related XHB )

[09:41] {Threei} Spot gold sprice action softer on option relation flows; tests $1,100/oz - traders

[09:41] {nemo} price improvement only 11 of 20 metropolitan areas

[09:43] {Threei} Long Setup: RIMM .30 break

[09:43] {Threei} if holding asbove .20

[09:43] {Threei} uhhu

[09:43] {nemo} not my cup of tee but amzn might be a short

[09:43] {Threei} what's with CHKP

[09:43] {nemo} cold weather

[09:44] {magoo} aone

[09:45] {fernp} CAT at the level we shorted yest

[09:46] {strider} RIMM still valid?

[09:46] {fernp} and HIG at 24

[09:46] {Threei} kidding?

[09:47] {nemo} fcx

[09:47] {strider} it eas below .20 when I first saw it.

[09:47] {strider} didn't understand

[09:47] {Threei} Long Setup: CHKP .50

[09:47] {Threei} stop under .40

[09:48] {magoo} in

[09:50] {magoo} man AIG pummeled

[09:51] {Threei} thought of AONE at .15, then decided it was too much even for magoo

[09:51] {magoo} never think that

[09:51] {Threei} I won't

[09:51] {Threei} now, where is that GOOG

[09:51] {magoo} instead, warn me off chkp

[09:52] {nemo} joyg

[09:52] {Threei} Long Setup: RIMM .10

[09:52] {Threei} if holding above 68

[09:53] {Threei} double bottom agressive entry

[09:53] {magoo} i

[09:53] {magoo} in

[09:53] {dino} gpre last couple days?

[09:55] {Threei} no news dino

[09:55] {dino} not here either

[09:55] {Threei} (US) Preview: Dec Consumer Confidence due out at 10:00ET

[09:55] {Threei} **consensus expectation: 53.0e v 49.5 prior (most estimates range between 50 to 55).

[09:55] {Threei} **Note: Confidence was last above the 50 level back in Sept.

[09:56] {Threei} let's tighten CHKP to under .45

[09:56] {magoo} im out

[09:56] {magoo} - .01

[09:56] {magoo} tight stop

[09:56] {ese} can i get your 2 cents on HIG vad

[09:56] {Threei} I'll say

[09:56] {magoo} ah, loses .50 not interested

[09:57] {fernp} NANO rumor

[09:58] {dino} meli drop

[09:58] {Threei} numbers in 2

[09:59] {Threei} RIMM 1:1

[09:59] {Threei} have you ever seen this stock taking this long to move 10 cents?

[10:00] {Threei} *(US) DEC CONSUMER CONFIDENCE: 52.9 V 53E

[10:00] {Threei} - prior revised from 49.5 to 50.6

[10:00] {Threei} **Conference Board:

[10:00] {Threei} - Jobs hard-to-get ind...more... (related SPY SHY EUR/USD RTH )

[10:00] {nemo} yesterday

[10:00] {nemo} wow, what a beat

[10:00] {nemo} cough

[10:01] {Les} lucky. out RIMM +.13. Thought it was going to crap itself on numbers release

[10:01] {Les} ty vad

[10:01] {dino} gj

[10:01] {ese} no reaction from market

[10:02] {nemo} it basically met expectations

[10:04] {Les} FCX might be consolidating for an eventual .30 b/d

[10:05] {nemo} cat too

[10:05] {fernp} SOLR too

[10:05] {Threei} Short Setup: CAT .60 break

[10:07] {nemo} might want to partial at yesterday's close

[10:07] {fernp} stop is .70 , no?

[10:08] {Threei} depends on what you want from life

[10:08] {Threei} 3 levels, all 3 are valid

[10:08] {Threei} .65 for extreme scallpers, I am not too fond of this level pes\rsonally

[10:08] {Threei} .70 and .75 make more sense

[10:09] {fernp} ty

[10:09] {Threei} FCX suddenly decided life is not over

[10:10] {Threei} SGMO Strength attributed to NY Times science article published 12/28 being circulated which discusses SGMO technology for editing DNA strands (5.47, +0.31, 6.01%)

[10:10] {magoo} aone

[10:11] {nemo} fcx probably goes to .40

[10:12] {fernp} WMT, Vad?

[10:12] {Threei} nah

[10:12] {fernp} k

[10:12] {Threei} narrow as my perspectives to run for public office in Guatemala

[10:13] {Les} GLD reversing off 200 ma

[10:14] {dino} ipsu

[10:17] {Threei} volume shapes up right on CAT

[10:18] {Threei} just needs little market help

[10:18] {ese} dino ...you watching aixg per chance

[10:18] {Threei} isn't it amazing - stocks we could barely keep up with, like RIMM, CAT etc, have hard time moving 10 cents these holiday days

[10:19] {Threei} larisa was so right making it a vacation... and privately calling me stupid for not dpoing the same

[10:19] {Les} am enjoying tightening up my game with few plays available.

[10:20] {nemo} fcx may be setting up a short if stays under .15, trigger break of .05

[10:20] {dino} fds sm l .90 thin

06[10:20] * Threei sends CAT an envelope with black mark

[10:21] {nemo} fcx 1:1

[10:22] {nemo} stopped

[10:22] {Threei} nemo makes my eyes water

[10:23] {Les} what's your take on CAT Vad? scalp only?

[10:23] {Threei} mosdt likely...

[10:23] {Threei} setup is good,

[10:23] {Threei} it's just that today not much looks like anything worth more than a scalp

[10:24] {Threei} and no nemo, I am not comparing you to onion

[10:24] {Threei} it's tears of pride and happiness

[10:25] {Threei} (and dubious sense of humore of course but then again, you knew that)

[10:25] {fernp} Guatemala is waiting your arrival, Vad WMT hit 1:2

[10:25] {Threei} lol

[10:25] {nemo} naturally, anyway, this is yesterday's close on cat, careful

[10:25] {Threei} I honetly didn't believe it could move that much that fast fern

[10:26] {nemo} fcx setting up a switch hitter

[10:26] {Threei} CAT 1:1, for all practical intents and purposes

[10:27] {Les} ok. out at .51

[10:27] {fernp} out CAT ty

[10:27] {Threei} sure

[10:27] {Threei} bread crumbs

[10:27] {Les} talk about scrappy fighting for a measly ten cents

[10:27] {nemo} Gawd...I wonder what lunchtime will be like?

[10:27] {Threei} the same, only fighting for 3 cents {G}

[10:28] {Threei} but come on guys

[10:28] {magoo} depends what u eat lol

[10:28] {Threei} it is what it is

[10:28] {Threei} safe, calm, slow

[10:28] {dino} noodle soup

[10:28] {Threei} made something - good, no matter what it is

[10:28] {Threei} lol magoo

[10:28] {Les} fcx b/d .90?

[10:29] {Threei} stop would have to be .05

[10:29] {nemo} no setup yet Les, it's doing a fandance

[10:29] {Les} fandance?

[10:29] {nemo} tease

[10:30] {nemo} fandancers were from the burlesque era. The fans were opaque, and the women without clothes

[10:30] {nemo} fcx is teasing

[10:30] {Threei} ok nemo

[10:30] {Threei} you are coming to Bahamas

[10:31] {nemo} o

[10:31] {nemo} no

[10:31] {nemo} unfortunately

[10:31] {Threei} yes

[10:31] {nemo} I understand your concern

[10:31] {Threei} your depth and more importantly direction of knowledge makes you a necessary part of it

[10:32] {dino} pwrd gap fill from wed close

[10:35] {Threei} CAT 1:1 for the widest stop

[10:35] {fernp} we talked yest about sado and you weren't here Nemo

[10:35] {fernp} we missed you

[10:35] {ese} if aig puts in triple bottom here on 1 min ch ....i'm going long

[10:35] {nemo} about what fern?

[10:36] {Threei} mazo

[10:36] {ese} he can go long too

[10:36] {nemo} SFD! got shaken out of FCX short by .02 cents!

[10:37] {Threei} how?

[10:38] {Threei} it never went over .05

[10:38] {nemo} yeah, it did

[10:38] {ese} aig invalidated.....like everthing else today

[10:38] {dino} argn

[10:38] {nemo} after 1:1 it hit .08

[10:39] {Threei} I am talking asbout setup les suggested

[10:39] {Threei} .90 short

[10:39] {Threei} .05 resistance for stop placement

[10:39] {nemo} oh, I was talking about my previous short

[10:39] {Threei} I see

[10:40] {Threei} you took it Les?

[10:40] {Les} saw it coming at 10:34, but was needed elsewhere

[10:40] {nemo} RIMM 68 break, stop under .90

[10:43] {dino} meli sm l .50, gapped thro bid

[10:44] {Les} damn. fighting for scraps in CAT and then it tanks. go figure.

[10:44] {dino} .51

[10:45] {dino} stop is .18 fwiw

[10:45] {dino} argn strange

[10:47] {Les} GLD 108 b/d?

[10:47] {Les} .20 stop?

[10:47] {Threei} totally

[10:47] {Threei} .10 stop is possible too

[10:48] {Threei} more chances of being hit, smaller loss

[10:48] {Threei} tradeoff

[10:48] {nemo} crissakes it's only 10:50

[10:49] {Threei} but feels like life is almost over?

[10:49] {dino} meli stopped -.32

[10:50] {Les} took it for .10 ty

[10:50] {fernp} good read Les

[10:50] {Threei} 1:1

[10:50] {Threei} things start clicking Les?

[10:50] {Les} aggressive entry .03

[10:50] {magoo} trev, DCC when u get a sec

[10:51] {Les} yes. often slightly negative in money. but point wise daily trading is improving.

[10:51] {dino} wtg

[10:52] {Threei} that;s the way it progresses

[10:52] {Threei} monetary part will come

[10:52] {Les} yeh remember you writing that

[10:53] {dino} vad wries?

[10:53] {dino} writes?

[10:53] {Threei} someone reads??

[10:53] {nemo} stop rimm

[10:55] {dino} darn meli

[10:55] {dino} pwrd sm l .65

[10:55] {Les} my sister reads. Gave her MPP. apparently it matches the colour of her coffee table

[10:57] {nemo} fdx has been a steady grind upward

[11:01] {dino} argn hl l .23

[11:03] {fernp} SBUX downgraded

[11:06] {nemo} anybody for amzn short break .20

[11:06] {nemo} stop .40?

[11:07] {nemo} of course, this one could actually go the reverse also

[11:07] {Les} Vad, CAT two way break ok with you?

[11:07] {Les} .25 b/d and .35 b/o?

[11:08] {Threei} can't tell really

[11:08] {Threei} as we near lunch tiome, it may just as well stay locked

[11:08] {nemo} yeah, does lunchtime become expanded

[11:08] {Les} ah ok

[11:08] {Les} well I've been invited for drinks, so I might call it a day.

[11:09] {Les} night all.

[11:09] {nemo} amzn slightly broke the stop on the short and then triggered

[11:09] {nemo} treachorous waters

[11:09] {Threei} take care Les

[11:09] {dino} cya les

[11:09] {nemo} drink more les

[11:09] {fernp} bye les

[11:10] {dino} abax

[11:11] {fernp} AIG interesting if breaks lod

[11:12] {Raven} drink more les ... hmmmm

[11:12] {nemo} like that one Raven :)?

[11:12] {dino} les is more

[11:12] {ese} hmmmmm your all still here........i actually dozed off......anything new

[11:12] {Raven} it has a certain appeal ...

[11:13] {dino} nada es

[11:13] {dino} ipsu breakdown in making possibly

[11:15] {ese} wheres Les going for drinks.....lets join him

[11:16] {dino} bit early

[11:17] {nemo} more so for ese than us dino

[11:18] {dino} yes, but still.....

[11:18] {ese} 8:18 am here..........no time like the present.....still christmas holidays for vad patience and me

[11:18] {nemo} it's all relative and we're not talking strider's dates

[11:19] {dino} roflol

[11:19] {dino} zinger

[11:19] {nemo} yep

[11:19] {nemo} he must not be paying attention

[11:20] {fernp} lol

[11:20] {dino} on his waybto your house

[11:20] {nemo} that's a 16 hour drive

[11:22] {nemo} that's funny, aig bounced off a support line, and I can't remember why I drew it there

[11:23] {Threei} because you had a crayon?

[11:23] {nemo} nope

[11:24] {dino} argn to flat

[11:25] {nemo} gld at support

[11:26] {nemo} or bounced at .45

[11:26] {ese} L bstop cbak .51 rumors re goog's smart phone....gonna supply the batteries

[11:27] {dino} pwrd stuck, stop to .58

[11:29] {patience} .

[11:29] {dino} ar(o)gn, tear down that .39 wall

[11:30] {dino} watched lord of the rings over weekend, can you tell

[11:30] {nemo} all three?

[11:30] {dino} yes, over 3 nights

[11:31] {nemo} Jackson did such a great job

[11:31] {dino} good flicks

[11:33] {dino} argn to .39

[11:35] {dino} to .44

[11:35] {dino} stingy

[11:37] {dino} to .47

[11:38] {ese} zzzzzzzzzzzzzz98lkjlk gafkakakaaaaaaaaaa....zzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {dino} out .49, +.26

06[11:38] * Threei wears his decoder ring

[11:39] {dino} pwrd stopped -.11 ave

[11:41] {dino} pot blood

[11:42] {Threei} if this holds true for most states, it could be political relief reshaping:

[11:42] {Threei} Health Care Vote Puts Nelson 30 Points Down in Reelection Bid

[11:43] {ese} whos Nelson?

[11:43] {nemo} senator

[11:43] {Threei} her isd Nebraska senator,

[11:44] {ese} Dem or Rep?

[11:44] {Threei} he made a deal to vote yes on current helath care deal

[11:44] {Threei} dem

[11:44] {nemo} pinko commie

[11:44] {ese} never understood the pinko part...............red yes but pinko?

[11:44] {dino} good, the plan is junk

[11:45] {nemo} Nebraska is a fairly conservative state, and they don't like shady deals

[11:45] {dino} slang

[11:46] {ese} for what?

[11:47] {dino} ladeeda, yadda, yadda

[11:47] {ese} ahhhhhhh

[11:47] {dino} making this stuff up for you

[11:48] {dino} kye drop, thin

[11:49] {fernp} CBG nice consolidation on hod

[11:49] {fernp} and daily not bad

[11:54] {ese} oh my god!!!!!! some excitement ......L cbak .517733

[11:54] {dino} nwpx

[11:55] {fernp} nothing moves

[11:55] {nemo} fern...watch fcx, forming tight range,

[11:56] {fernp} short or db? what do u think?

[11:56] {nemo} volume looks like a long

[11:56] {fernp} yeah

[11:57] {nemo} and .16 was pivot

[11:57] {nemo} lunchtime

[12:00] {ese} now see what rumors can do......

[12:01] {ese} if this can just make it to 3...........hmmmmmmmm

[12:09] {fernp} CBAK 3 today?

[12:10] {Threei} rumor...

[12:10] {Threei} CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[12:10] {ese} wishfull thinking

[12:13] {strider} FCX

[12:13] {nemo} should bounce around here

[12:15] {magoo} any read STEC vad?

[12:16] {Threei} short if anything... but more like 50/50 here

[12:16] {ese} stop for cbak is .49721 by the way

[12:16] {dino} sm l nwpx .52 wide, gappy

[12:17] {magoo} AWIA?

[12:17] {nemo} coma

[12:18] {ese} all the cbak employees just getting off for lunch right here.....need to capitolize on insider rumors

[12:19] {ese} everyone rushing to there brokers..........

[12:24] {ese} out 1/2cbak 5k .60 +.08 balance to break even

[12:25] {ese} heres where vads genious takes over........this is free money

[12:26] {Threei} genius eh

[12:26] {Threei} yup, that would me

[12:26] {Threei} would be

[12:26] {Threei} I also am in running for the title of the most humble person of the year

[12:26] {ese} lol

[12:27] {Threei} and keep in mind,

[12:27] {Threei} I won the title of the most peaceful person of the year by killing all my nearest competitors

[12:27] {nemo} reminds me...have to change over magazines

[12:28] {Threei} nah, don't look for me in "those" magazines

[12:28] {nemo} that's not what I was referring to...

[12:28] {ese} am gonna exit ater .63 it's struggling at this level

[12:29] {Threei} here goes spike for you

[12:30] {ese} out in full cbak .66 +.14 on remaining 5k

[12:31] {dino} nice

[12:31] {ese} tks

[12:31] {ese} good things come to those who wait i guess

[12:32] {ese} by the way......i tried to get that most peaceful person award as well but couldn't get rid of enough neighbors

[12:32] {Threei} even better things come to those who wait for those who wait to get their good things, then jump out and take those things from them

[12:32] {ese} rotflol

[12:33] {Threei} can you tell I am bored out of my mind?

[12:33] {dino} think they are called politicians

[12:33] {Threei} lol

[12:33] {ese} ah huh!

[12:37] {Threei} FCEL Fuel cell firms trading higher, being attributed to article in Washington Times quoting FCEL exec stating the company is working "closely" with Congress to get subsidies for the industry in order to help boost US demand for the technology

[12:40] {fernp} ADBE interesting if breaks .25

[12:41] {nemo} there ya' go

[12:41] {nemo} vaya con adbe

[12:41] {fernp} vaya vaya

[12:43] {nemo} ahhh fern...careful

[12:43] {fernp} with?

[12:43] {nemo} adbe

[12:43] {fernp} ah

[12:44] {nemo} where's your stop

[12:44] {nemo} market picking u though

[12:44] {fernp} 1:1 is .30

[12:45] {fernp} out .31

[12:45] {nemo} nf

[12:46] {magoo} .

[12:50] {magoo} read RIMM vad?

[12:50] {Threei} I'd wait a bit,

[12:50] {fernp} CBG interesting too

[12:50] {Threei} let it move couple times between .60 and .75

[12:51] {magoo} read FCX?

[12:51] {Threei} then try to nail a break when/if market wakes up

[12:51] {Threei} most likely on a long side

[12:51] {Threei} FCX, not yet

[12:51] {Threei} in FCX, here is what I'd be lookjing for

[12:51] {Threei} dive to .35 - .40,

[12:52] {Threei} some consoidation,

[12:52] {Threei} then break of .50

[12:52] {Threei} for the move toward 82

[12:55] {Threei} see how it's forming?

[12:55] {Threei} double bottom scenario

[12:56] {Threei} only I don't want to enter on confirmation, it's way too high

[12:56] {Threei} so I want interim setup,

[12:56] {Threei} consolidation under .50

[12:56] {Threei} giveing me better trigger

[12:56] {Threei} -e

[12:57] {fernp} new low invalidate the play?

[12:57] {Threei} yes,

[12:57] {fernp} s

[12:57] {Threei} and may sderve as a short trigger

[12:57] {Threei} serve

[12:57] {Threei} darn new keyboard

[12:58] {Threei} I am just not too fond of shorting right now

[13:02] {ese} you thinkin this market has a ways to go yet vad?

[13:03] {Threei} weho knows

[13:04] {Threei} Market Internals update at 12:00pmET

[13:04] {Threei} - NYSE volume 230M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} - NASDAQ volume 495M shares, about 47% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} volume is about the same as yesterday

[13:04] {Threei} which is to say non-existent

[13:04] {nemo} and the stats on A/D was exactly the opposite

[13:04] {Threei} vs yesterday?

[13:04] {nemo} yes...advancers to decliners were 1.1/1

[13:05] {Threei} so just measningless oscillations

[13:05] {Threei} or convulsions

[13:05] {nemo} by the way, sorry, was going to call amazon short at .80 but the stop was a bit big...notice the declinging highs from 11:10

[13:06] {Threei} speaking of FCX...

[13:06] {Threei} maybe starts looking better for short

[13:06] {nemo} goes to .55

[13:13] {Threei} how about this for random

[13:13] {nemo} well, fcx probably tests the close now

[13:13] {Threei} ruined long setup, then ruined short

[13:13] {nemo} funny, those volume increases into .40 were a long setup to me

[13:15] {magoo} truth be told..me too..took .37 long out .70

[13:15] {Threei} wtg

[13:15] {magoo} feels higher

[13:21] {fernp} LIWA

[13:24] {dino} spnc

[13:25] {Threei} hmm

[13:26] {Threei} two instances of families geting lost in the foirrest, GPS indicates service road,

[13:26] {Threei} they take it and get stuck in deep snow

[13:26] {Threei} no cell phone signal

[13:27] {Threei} I'd say Darwin in action

[13:27] {Threei} GPS combined with lack of common sense - that can be a deadly combination

[13:27] {strider} IT's very easy to get lost in such places.

[13:28] {Threei} would anyone with ounce of common sense turn to service road after heavy snowfaLL?

[13:29] {Threei} more than that,

[13:29] {Threei} you see two feet of snow ahwead of you,

[13:29] {Threei} no sign of road visible,

[13:29] {Threei} do you just continue driving staright ahead?

[13:29] {strider} I wasn't there.......don't know what they saw, or felt they had to do.

[13:29] {strider} or could do.

[13:30] {magoo} look vad..when i called u for help u said u'd keep this to ourselves

[13:30] {Threei} just ttok GPS's advice to save 40 miles by shortcut

[13:30] {Threei} yes mags but with us it was personal

[13:31] {Threei} that second famuly though...

[13:31] {Threei} I didn't program theior GPS, like I did yours

[13:32] {magoo} u just forgot to delete your phone number

[13:32] {Threei} yeah, unforgivable error

[13:38] {magoo} SPNC

[13:39] {Threei} 12:50:04 PM

[13:39] {Threei} Spectranetics Corp DoJ says SPNC to pay $4.9M in civil damages to resolve allegations related to its medical products

[13:39] {Threei} - In addition, the Company has agreed to a forfeiture of $100,000 in cash or property to be executed in the near future. There are no criminal charges against the Company.

[13:40] {dino} legalized extortion

[13:41] {Threei} yup

[13:41] {dino} if you pay us, no crime committed

[13:42] {Threei} GOOG Announces "Android Press Gathering" set for Jan 5 - NYT (619.90, -2.97, -0.48%) (related MOT VZ AAPL )

[13:42] {Threei} Nexus one is coming I guess

[13:50] {Les} back for one last trade.

[13:50] {Les} AWIAV?

[13:51] {nemo} no trading under the influence

[13:51] {Les} so call the police...

[13:52] {Les} get the shotgun ma, Les is trying to trade under the influence again!

[13:52] {nemo} what do you call them there, polizei or gendarme?

[13:52] {Les} police

[13:52] {nemo} english in switzerland?

[13:52] {Les} gendarme is state police

[13:52] {Les} polizei are Swiss German police

[13:53] {Les} Polizia are Swiss Italian police

[13:53] {Les} I don't know what they're called in fourth Swiss language

[13:54] {Les} Are there setups played in closing here. I haven't been around for a close for a while

[13:55] {Threei} every day is different

[13:55] {Les} k

[13:55] {Threei} yesterday gave nice run by CGEN

[13:55] {Les} ah. that why you held overnight?

[13:56] {Threei} no, that was because we decided to screw it up

[13:56] {Les} ok

[13:56] {Les} ?

[13:56] {Threei} it was anice setup - ours to screw up, and we nmanaged to do it to the best of our abilities

[13:56] {Les} sounds like me most of the time

[13:57] {Threei} yep, we decided it was your fault

[13:57] {Les} ok. drinks are on me.

[13:58] {strider} He called out for another drink, and the waiter brought a tray.

[13:58] {strider} Anybody know the song?

[13:58] {Threei} sounds familiar

[13:59] {Les} FCX has 200 ma just overhead.

[13:59] {Les} .05 b/o? waiting to see if stop tightens up

[14:00] {Threei} Market Internals update at 2:00pmET

[14:00] {Threei} - NYSE volume 345M shares, about 48% below its three-month average; decliners and advancers are about even.

[14:00] {Threei} - NASDAQ volume 745M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.

[14:00] {Threei} - VIX index -0.3% to just under 20.00

[14:00] {strider} Procul Harem, A whiter shade of pale.

[14:00] {nemo} whoa

[14:01] {Les} I know the song, didn't recognise the line you quoted.

[14:02] {Threei} what's with IVAN

[14:03] {Threei} ese... look what we missed

[14:03] {strider} he's terrible.

[14:03] {nemo} he was strict

[14:03] {Threei} sure is... but what a move

[14:08] {Les} AIG

[14:08] {strider} very true.

[14:09] {Les} RIMM .80 b/o?

[14:09] {Threei} I doubt it

[14:09] {nemo} tck should be bottoming here or will short further

[14:17] {ese} hmmmmmmm

[14:18] {strider} D flat?

[14:18] {Threei} lol

[14:18] {ese} great looking daily for ivan

[14:19] {Threei} I just wish I saw it when it attacjed 3

[14:19] {Threei} was classic scaklp type I

[14:19] {ese} i'm doing nothing but dozing here.........

[14:20] {nemo} fcx, could go either way

[14:20] {magoo} thats my dogs name..doze

[14:20] {magoo} dozer

[14:21] {Threei} and he is bull?

[14:22] {magoo} ya ya

[14:22] {Threei} let the trade war begin:

[14:22] {Threei} US Commerce Dept reportedly sets prelim duties of 145% on certain steel grating from China in efforts to prevent dumping (related TRADEX SLX X STLD AKS ZEUS )

[14:22] {magoo} destroys everything

[14:26] {fernp} SPNC also happy today

[14:31] {dino} grrr, was waiting at 7.82 for short on it when it spiked

[14:31] {magoo} c'mon vad..its time..

[14:31] {Threei} for what?

[14:32] {magoo} rea on STEc AMZMN FCX

[14:33] {nemo} rimm should break short soon

[14:33] {fernp} RRD any read, Vad?

[14:33] {strider} I think AMZN will end higher, but don't know how it will get there.

[14:34] {Threei} .55 break short RRD

[14:35] {fernp} thanks.

[14:35] {nemo} amzn Vad, looking short?

[14:35] {Threei} not really

[14:36] {fernp} RRD feels long to me

[14:36] {Threei} if breaks .60, invalidates short setup

[14:37] {Threei} but long one doesn't feel too tempting to me

[14:37] {Les} but

[14:38] {Les} RRD has 50 ma under it

[14:38] {fernp} daily is nice

[14:38] {Les} looks range bound to me fern

[14:40] {strider} I'm short RRD .58, stop .66---5 day high.

[14:42] {strider} 1/2 lot. Will add on break of .55

[14:44] {Les} gld b/d?

[14:45] {Les} .15 stop, .50 trigger?

[14:45] {Les} .45 lodf

[14:45] {Les} lod

[14:47] {Threei} i am lost

[14:47] {magoo} r u stuck in snow?

[14:47] {Threei} oh, that was your GPS this time...

[14:48] {Threei} if .50 is short trigger, how is stop .15?

[14:48] {Les} 15 cent stop

[14:48] {Threei} oh

[14:48] {Threei} sheesh

[14:48] {Les} sorry my bad

06[14:48] * nemo slaps Les around a bit with a large book of Techniques of Tape Reading

[14:48] {Threei} I'd prefer it to stay under .60,

[14:49] {Threei} so we could keep it as a stop

[14:49] {Les} or is it a potential double bottom?

[14:49] {Threei} it is

[14:53] {nemo} amzn dropping

[14:54] {strider} c'mon RRD. Don't be a party pooper.

[14:57] {Les} GLD consolidating. staying under .60

[15:01] {ese} i'm outta here all.....going shopping......see ya tomorow

[15:01] {Threei} take care ese

[15:01] {fernp} bye ese

[15:01] {ese} see ya vad

[15:01] {ese} fern

[15:01] {nemo} dude

[15:01] {ese} dude

[15:02] {Les} l GLD .61

[15:02] {fernp} RRD 1:1 here

[15:02] {Les} stop .50

[15:05] {strider} long AMN .27, stop .00

[15:05] {nemo} a dino stock

[15:06] {strider} amzn

[15:06] {nemo} oh

[15:11] {strider} stopped RRD

[15:14] {fernp} RRD 1:2 - thinking to hold some shares for overnight

[15:14] {magoo} CBAK

[15:14] {magoo} not in tho

[15:17] {Threei} look at CGEN daily

[15:17] {Threei} what a bizarre figure last 4 days shaped

[15:17] {fernp} aliens tries to tell us something lol

[15:19] {Threei} oh, that's what it is

[15:20] {Threei} ese missed IVAN second time

[15:20] {magoo} FINALLY AMZN

[15:20] {magoo} in .40

[15:22] {magoo} jesus. one pop and down

[15:22] {magoo} this sux

[15:30] {strider} out 1/2 AMZN +.50

[15:30] {Threei} nice

[15:30] {fernp} RRD 1:3 selling 200sh here and holding 100sh. I like the daily for tomorrow, but can't resist the temptation to make cash :-)

[15:31] {Threei} that temptation will keep you alive and sane for years to come

[15:31] {magoo} CBAK

[15:31] {fernp} thank you. I needed that . I felt bad with myself :-)

[15:32] {Threei} ugh

[15:32] {Les} nice one fern. out GLD +.05. what a waste of time

[15:32] {Threei} sorry i got in the way

[15:32] {Threei} please feel free to feel bad again

[15:33] {fernp} no lol

[15:33] {Threei} :)

[15:34] {magoo} CBAK bananas

[15:35] {Threei} no kidding

[15:35] {fernp} [18:09] {fernp} CBAK 3 today?

[15:36] {Les} would CBAK be the sort of stock you'd consider holding overnight vad?

[15:36] {Les} likelihood of gapping up in morning?

[15:36] {Threei} if it drops to some sane price before close, sure

[15:37] {Threei} it's rumor-based movwe

[15:37] {Les} whats the rumour?

[15:37] {Threei} it gets dissected overnight, masses come to conclusion rumor is not all that likely to turn into reality

[15:37] {Threei} gap is shot

[15:38] {Threei} [12:10] {Alert} Threei CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[15:38] {Les} ok. so you tend to hold stocks that have hard news releases as opposed to rumours?

[15:39] {Les} i.e, rumours get destroyed more readily overnight?

[15:39] {Threei} either real news, or sector strength, or technical move with tripping some very cvommon alerts, like new 52 weeks high

[15:39] {Threei} I don't know more readily or not, but it's a real possibility

[15:39] {Threei} and that's not a risk I would be willing to take

[15:39] {Les} understand

[15:40] {Threei} imagine CBAK management coming out and saying no, we aree not in Googlwe phone

[15:40] {Threei} which they can do easily to avoid troubles with SEC

[15:40] {nemo} after they sell there stock, of course

[15:40] {Threei} stock moved from under 2.5 today

[15:41] {Threei} if that what hapens, it will open where?

[15:42] {strider} stopped balance AMZN +.15

[15:42] {fernp} gj

[15:46] {Threei} IVAN new high

[15:58] {Threei} I am so ready for the holidays to end, lol

[15:59] {fernp} only you?

[15:59] {Les} how does january begin?

[15:59] {Threei} magoo too I suspect

[15:59] {Threei} with heavy hangover les

[15:59] {Les} traders move markets in january or is it softly softly?

[15:59] {Threei} there is no any rule to it

[16:00] {Threei} too many variables

[16:00] {Les} ok. night all

[16:00] {Threei} hangover is certainty thopugh

[16:00] {Threei} thank you asll

[16:00] {nemo} cya

[16:00] {Les} ty vad

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

[16:00] {fernp} Good evening everybody. see u all tomorrow