Jan 06 2010

One more day of low volatility and things working pretty much in random fashion. The same setups on the same stocks work and fail with 50/50 odds.

Session Time: Wed Jan 06 00:00:00 2010

[08:21] {nemo} morning from the frozen People's Republic of Massachusetts

[08:22] {strider} morning from the moderately frozen south.

[08:23] {nemo} damn confederates

[08:23] {strider} 22F here.

[08:23] {strider} damn yankees.

[08:24] {nemo} Funny...we've got a Civil War monument in town it faces south. A friend of mine's grandfather, who had a wicked sense of humor, says it's because you always had to keep an eye on those southerners

[08:24] {strider} now that's true.

[08:25] {nemo} When I lived in SC about 20 years ago, I was surprised to see the Confederate flag flying over the capital, as well as more than a few bumper stickers that said "Lee surrendered, I didn't"

[08:27] {strider} I think it was still there until last year or so.

[08:27] {strider} People confuse the map with the territory.

[08:27] {nemo} within a few years, yeah

[08:28] {strider} iow, confuse the symbol for the attitude.

[08:28] {strider} or, confuse allegiance to the conferacy with allegiance to slavery/racism.

[08:28] {nemo} yeah...well, SC was where I first saw the bumper sticker, "The voices in my head told me to stay home from work today and clean my guns."

[08:29] {nemo} No, I thought the former, not the latter. As a matter of fact, there seemed to be alot less racial tension there than up here

[08:29] {nemo} It's a big money making industry up here

[08:29] {strider} Only if you planned on attacking us.

[08:31] {nemo} then again, up here I first saw the bumper sticker, "If I'd known what would have happened, I'd have picked my own cotton."

[08:32] {Raven} there will soon be a Federal Agency to regulate bumper stickers

[08:32] {nemo} I don't doubt it

[08:33] {strider} Hey, that would be a great bumper sticker!

[08:33] {Raven} never thought of that ... I'll be RICHHHHHHHHHHHHHH

[08:34] {Threei} hah... ese's going to make a killing on ABAT

[08:34] {nemo} yeah, saw that

[08:35] {strider} re: picking cotton......I tried that for about 5 minutes...pure misery.

[08:37] {strider} FDO could be interesting today.

[08:38] {strider} Vad, what default route do you use?

[08:41] {Threei} for NASDAQ I usually don't bother to turn routing on at all,

[08:41] {Threei} unless I just switched from listed stock and forgot

[08:41] {Threei} for listed, I check the Route On box and keep it on NASDAQ

[08:42] {Threei} mostly to avoid MLCO which is default for smart route on listeds

[08:43] {strider} so you're using smart route for nasdaq?

[08:43] {strider} didn't understand: " for NASDAQ I usually don't bother to turn routing on at all,"

[08:44] {Threei} for nasdaq stocks

[08:45] {Threei} yes

[08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.

[08:46] {strider} so when I try to enter/exit at limit, I don't get filled.

[08:46] {strider} Was wondering route would be best to use.

[08:47] {nemo} what are you using then?

[08:47] {strider} Been switching to smart route, just cause it was first in line.

[08:47] {nemo} oy vay

[08:47] {strider} Don't know if fees are higher for that, though.

[08:48] {nemo} smart hits a dark pool first I think

[08:49] {nemo} GETCO to be specific

[08:49] {strider} Is that a good thing or a bad thing:)

[08:50] {nemo} well, it's cheaper if you get it from GETCO, but...it tries there first and then proceeds to other sources, which takes time, so if you need fast execution...forget it

[08:50] {strider} what do you use for listed/nasdaq--nemo.

[08:51] {Threei} wait

[08:51] {nemo} me..yes

[08:51] {Threei} strider... if you have Route Out checked in the big window that pops up when you right click on level2,

[08:51] {Threei} you don't care who is at the bid or offer

[08:52] {Threei} your order will hit them all

[08:53] {nemo} vad, on that general tab under "Hit Adjust", what do you have as a value for the NASDAQ window

[08:54] {Threei} zero

[08:54] {nemo} ty

[08:54] {Threei} but I am not sure it's optimal

[08:54] {Threei} I don't remember what it is

[08:55] {Threei} it's been years since I configured all that

[08:55] {nemo} for some reason, mine was set at .0020

[08:55] {Threei} ARCA is set to .03

[08:55] {strider} I have all boxes checked for 'route out'.....still haven't been getting fills through Nasdaq.

[08:55] {nemo} .03 or .0030

[08:56] {strider} Is that under the shave column, nemo?

[08:56] {Threei} 08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.

[08:56] {Threei} [08:46] {strider} so when I try to enter/exit at limit, I don't get filled.

[08:56] {Threei} that's why

[08:56] {nemo} just above Route Out

[08:56] {Threei} move a few cents beyond, you'll get your fills

[08:56] {strider} confused.

[08:57] {Threei} you are trying to hit inside quote, if you are a LITTLE LATE IT GETS AWAY FROM YOU

[08:57] {strider} that's not what I mean.

[08:58] {strider} I'm just trying to enter or exit at static best bid/ask. It's not moving.

[08:58] {strider} I must be missing something on lvl 2.

[08:58] {Threei} buying at the offer or selling at bid?

[08:58] {Threei} or buying at bid and selling at the offer?

[08:59] {strider} I think the first, of course........but I may sometimes try to do the second.

[08:59] {strider} and that's what's happening.

[08:59] {strider} I'll watch it.

[08:59] {Threei} if the second, then no wonder

[08:59] {strider} yeah.

[08:59] {Threei} if first, andf there are enough shares, your fill is instant

[08:59] {strider} nemo....what does 'hit adjust' mean?

[09:00] {strider} kk

[09:00] {strider} k

[09:00] {nemo} I don't know, just saw the setting

[09:01] {Threei} by the sound of it, I'd think it does automatically what I do by clicking at the price beyond market

[09:01] {Threei} but let's not assume and ask Trev instead

[09:01] {strider} yeah, that would be good to know.

[09:02] {strider} Also, I don't know what the 'shave' column does.

[09:04] {Threei} there is a video tutorial on Laser

[09:05] {strider} yeah, I've watched it. have a nemo-memory, though.

[09:06] {strider} Besides, they assume you already know what a lot of those terms mean. Like 'shave'. Seem to recall they don't define it.

[09:06] {Threei} well, if you watch the part that shows what it does it should explain things, no?

[09:07] {strider} My recollection is that it just says something like: if you want to change the shave settings, here is where you do it.

[09:07] {Threei} that's helpful

[09:07] {strider} yeah:)

[09:08] {strider} FNSR, CREE FDO

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:14] {ese} good morning......held my abat overnight....will get rid of that at the open

[09:14] {Threei} ese :)

[09:14] {Threei} we figured that out

[09:15] {Threei} [08:34] {Threei} hah... ese's going to make a killing on ABAT

[09:15] {ese} wish i had more than 600shs of it

[09:15] {ese} good way to start the day

[09:18] {nemo} mos might be interesting today too

[09:19] {ese} looks like i'm only going to be with you all for a couple of hours today

[09:19] {ese} my electrical is being cut off

[09:20] {larisa} gm all :)

[09:20] {ese} haveing a 200amp service put in for a hot tub

[09:20] {Threei} larisa :)

[09:20] {strider} larisa:)

[09:20] {ese} laris

[09:20] {larisa} vad, strider, ese :)

[09:20] {nemo} Lari :)

[09:20] {larisa} and nemo :)

[09:22] {ese} vad....i held abat based on our conversation before christmas.......i had asked you when you consider holding a stock over night.....you talked volume and how it closed at the end of the day..

[09:23] {Threei} yup, it closed near the high

[09:23] {Threei} and the volume for the day was remarkable

[09:23] {dino} wag, irbt, ksu, lmt, fdo, dltr and the usuals

[09:24] {strider} I want to keep a close watch for those plays, ese.

[09:26] {ese} me as well st

[09:27] {nemo} mos breaking out

[09:28] {lasertrev} morning

[09:29] {Threei} trev :)

[09:31] {dino} ed's moving

[09:31] {nemo} mos $2 on the open

[09:32] {Threei} PIMCO's Bill Gross Monthly Outlook: US and UK may suffer as exit strategies are implemented

[09:32] {Threei} - "If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of exit strategies, during which investors should consider economic fundamentals and asset markets that will soon be priced in a world less dominated by the government sector. If, in 2009, PIMCO recommended shaking hands with the government, we now ponder which government, and caution that the days of carefree check writing leading to debt issuance without limit or interest rate consequences may be numbered for all countries."

[09:34] {Threei} Long Setup: UAUA .76 if stays above .65

[09:35] {nemo} .63 is pivot

[09:35] {Threei} IVAN new 52 weeks high

[09:35] {Les} GM. DAL has gone south

[09:35] {nemo} mos retracing all gains

[09:36] {nemo} uaua could be short below .63

[09:37] {strider} not following futs.

[09:37] {Threei} Long Setup: ABAT .70 break

[09:37] {Threei} if stays bove .63

[09:38] {dino} cal too

[09:38] {Threei} SIGA Strength attributed to Dept of HHS circulating a solicitation for development of a smallpox antiviral for the strategic national stockpile (6.80, +0.52, 8.28%)

[09:39] {Threei} if you shorted UAUA, don't be in a hurry to cover, IMO

[09:40] {Threei} GERN...

[09:41] {Threei} SEED Hearing takeover chatter circulating

[09:41] {Threei} - Monsanto rumored as a potential acquirer (13.40, +0.44, 3.40%) (related MON )

[09:41] {Threei} bunker is firmly back from vacation

[09:42] {Threei} US) Preview: Dec ISM Non-Manufacturing Composite Index due out at 10:00ET

[09:42] {Threei} **consensus expectation: 50.5e v 48.7 prior (estimates range between 48 to 52).

[09:43] {nemo} so "good" manufacturing news didn't really move the market yesterday

[09:43] {nemo} and one could have expected the Real Estate numbers yesterday

[09:43] {nemo} interesting

[09:44] {dino} lol

[09:44] {Threei} Blackrock's Bob Doll: US economy to expand 3% or more in 2010; US stocks should outperform the rest of the developed world this year

[09:44] {Threei} wow

[09:44] {Threei} that's a bold call

[09:46] {nemo} frickin' uaua

[09:47] {Threei} I am amazed

[09:47] {Threei} it tries to turn ionto momo again

[09:48] {dino} cal open gap fill

[09:48] {Threei} and if it breaks 14 asnd develops nice pace, I won't be surprised by another dollar run

[09:57] {Threei} CLNE, what's up?

[09:57] {nemo} stec crash

[09:57] {strider} short HOG .49 stop .60

[09:58] {Threei} is it my wishful thinking or ABAT really looks like preparing a surprise run

[10:00] {dino} cpla v sm l .30 ave

[10:00] {Threei} *(US) DEC ISM NATIONAL NON-MANUFACTURING COMPOSITE: 50.1 V 50.5E

[10:00] {dino} hl l abfs .74\

[10:00] {Threei} pretty much non-event

[10:02] {dino} fast again

[10:04] {Threei} LLTC

[10:04] {Threei} .17 is 52 week high

[10:07] {nemo} I'm afraid to ask what the Vix is

[10:08] {Threei} gern

[10:09] {Threei} Long Setup: HIG .40 if stays above .30

[10:09] {ese} l pten .57

[10:09] {ese} sorry for the late call

[10:09] {Threei} Long Setup: JASO .75 break

[10:10] {nemo} in

[10:10] {Threei} stop for extreme scalpers under .70, although I'd porefer .65

[10:11] {Threei} it looks to me like a good candidate for that slow extended climb

[10:11] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:11] {Threei} **consensus expectations:

[10:11] {Threei} Crude: -500Ke

[10:11] {Threei} Gasoline: +500Ke

[10:11] {Threei} Distillate: -2Me

[10:11] {ese} out pten .71 +.11

[10:12] {dino} fds thin, sm l .28

[10:13] {ese} jaso call looks real good

[10:13] {ese} missed it...but it looks good

[10:13] {Threei} market's pulling back, see if can get it on retreat

[10:14] {ese} l swhc .30

[10:16] {Threei} JASO did that little dance specifically for you ese

[10:17] {Threei} coming to 1:1

[10:17] {Threei} scalpers got it

[10:17] {ese} just saw your post vad.....damn missed again

[10:17] {ese} up .06 swhc anyway

[10:18] {nemo} 1/2 out

[10:18] {nemo} ty

[10:18] {Threei} come on... why not watch stock instead of me

[10:18] {Threei} lol

[10:18] {strider} out 1/2 JASO

[10:18] {Threei} it did beautiful little drop right to trigger

[10:18] {nemo} I like the kaching sound

[10:18] {Threei} HIG no go

[10:19] {nemo} tck Vad

[10:19] {Les} out jaso +.10 ty vad

[10:19] {Threei} TCK, .15 you like?

[10:19] {nemo} if volume complies, look at fcx

[10:20] {nemo} stop to .79 on jaso

[10:20] {ese} out swhc .37 +.07

[10:20] {nemo} ?

[10:21] {Threei} to .74 for now

[10:21] {Threei} break of this high and yes, to .79

[10:21] {Threei} there

[10:21] {Threei} to .79 now

[10:22] {ese} out fitb .46 hold from yesterday +.23

[10:22] {strider} stopped HOG

[10:22] {nemo} pesky critter

[10:23] {Threei} offer 1/4 more at .92 - .94

[10:23] {ese} nice one with jaso there ladies and gents.....fab call vad....as per usual

[10:24] {Threei} something should start working finally

[10:24] {Threei} this is so your play ese... too bad you missed it

[10:25] {Threei} RIMM

[10:25] {ese} ya

[10:25] {Threei} seems to resume that relentless selling

[10:26] {Threei} .80 break short

[10:26] {Threei} let's see where the bounce tops out

[10:26] {Threei} fpor stop placement

[10:26] {Threei} so far .90

[10:26] {ese} cdii if you get a chnace to look at it vad

[10:27] {ese} am thinkin .15 break

[10:27] {Threei}

[10:27] {Threei} 1/4 more out

[10:27] {Threei} RIMM no cooperatrion

[10:28] {nemo} yep

[10:28] {strider} stopped RIMM

[10:28] {strider} again.

[10:28] {strider} one of these days I'll learn.

[10:28] {strider} maybe.

[10:28] {nemo} yes, you will

[10:29] {dino} it's not even on my screen

[10:29] {strider} see if trev can take RIMM out of my data feed.

[10:29] {strider} good idea.

[10:29] {Threei} can't tell on CDII ese

[10:29] {nemo} stop on jaso .85?

[10:29] {ese} maybe not...volume is running out.

[10:30] {Threei} *DOE CRUDE: +1.3M V -500KE

[10:30] {nemo} hehehe

[10:30] {Threei} GASOLINE: +3.7M V +500KE; DISTILLATE: -230K V -2ME

[10:30] {Threei} yes nemo

[10:31] {dino} cit

[10:31] {nemo} wonder if those oil numbers crack jaso

[10:31] {Threei} oil dropped like a stone

[10:32] {ese} L fwlt .81

[10:32] {nemo} cracked XOM

[10:32] {Threei} amazing stupidity in this set of numbers

[10:32] {nemo} in the estimates?

[10:32] {Threei} whole thing

[10:33] {Threei} so what if there is more oil in reserboirs than analysts thought?

[10:33] {nemo} frickin' gern

[10:33] {Threei} over the weekend couple tankers get stuck somewhere because of hurricane, next week numbers are below expectations

[10:33] {Threei} so what?

[10:34] {Threei} GERN Hearing strength being attributed to chatter of possible contract win or deal with large pharma company (6.42, +0.36, 5.94%)

[10:34] {Threei} stay away

[10:34] {Threei} GERN will have you for lunch on these rumar moves

[10:34] {nemo} out jaso

[10:34] {Threei} rumor

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 235M shares, about 7% below its three-month average; advancers lead decliners by 1 3:1.

[10:35] {Threei} - NASDAQ volume 520M shares, about 7% above its three-month average; advancers lead decliners by 1.2:1.

[10:35] {Threei} - VIX index -0.25% to just over 19.00

[10:35] {ese} man should have exited at .86/.87 fwlt....we'll see

[10:36] {Threei} IVAN

[10:38] {strider} short the hog, 1/2 lot .69

[10:41] {ese} out fwlt.86 +.055

[10:41] {ese} hows that for calculation

[10:42] {Threei} watching LVS for bounce

[10:42] {larisa} you've had better.. like .059999 :)

[10:43] {Threei} that was just his finger stuck in the calculator Larisa

[10:43] {ese} nawwww it was something like .05987358453o4969

[10:44] {Threei} ok... that was something else then :)

[10:44] {nemo} V vad

[10:44] {Threei} .45, half lot

[10:45] {nemo} don't know if I can handle the .12 stop :)

[10:45] {nemo} XOM forming .05 rainge

[10:45] {nemo} range

[10:45] {Threei} ese reminded me a joke from the rotary phone times...

[10:46] {Threei} - hi, is this 333-3333? Cpould you please phone 911 for me?

[10:46] {Threei} - ???

[10:46] {Threei} - p[lease tell them, finger's stuck in number 3...

[10:47] {larisa} I wish TSL was not so thin, did not have guts to short it at 59.80, was looking at it for 15 min and nothing :)

[10:47] {Threei} I wish LVS gave any indication before breaking 18

[10:48] {larisa} lol

[10:48] {dino} out cpla .00, +.70

[10:49] {nemo} that stock is anorexic congrats

[10:49] {larisa} gj dino

[10:49] {dino} thx, played off apol, esi

[10:50] {magoo} morning

06[10:50] * nemo slaps magoo around a bit with a large alarm clock

[10:50] {Threei} mags

[10:51] {magoo} been out hunting in mornings nemo..u can relate im sure

[10:51] {dino} rino a bit unpredictable today

[10:52] {ese} vad ....tried to ask this yesterday but you were concentrating on something........do you have volume parameters for your 2 day high screen

[10:53] {Threei} I answered

[10:53] {ese} i missed it....sorry

[10:54] {ese} or

[10:54] {ese} it was volume very loose

[10:54] {ese} ?

[10:54] {ese} something like that

[10:54] {Threei} I said 200K

[10:54] {Threei} which is fairly low

[10:54] {Threei} so you may want to tighten it up

[10:55] {ese} tks.........1000000shs per chance

[10:55] {dino} 60k\ here es

[10:55] {ese} tks dino

[10:56] {Threei} [10:48] {Alert} Threei 200K

[10:56] {Threei} [10:48] {Alert} Threei but you may want to set it higher

[10:56] {Threei} [10:48] {Alert} Threei my filters are intentionally loose

[10:56] {ese} do you use the 2X's or 1.5X's perevious days volume

[10:57] {ilana} TEVA b/d?

[10:57] {Threei} no, just mnin volume

[10:57] {Threei} TEVA worth a try

[10:58] {ese} tks

[10:58] {Threei} it's not relly easxy stock

[10:58] {Threei} but if market helps, should work

[11:01] {magoo} how u hitting them today vad?

[11:02] {Threei} I'll leave it to census bureauo

[11:04] {Threei} Long Setup: BEXP .50

[11:04] {Threei} if stays above .40

[11:04] {magoo} that good huh?

[11:06] {nemo} think bexp might be a short

[11:07] {dino} vmi

[11:07] {dino} lnce

[11:07] {dino} rbn

[11:09] {strider} short .43 BEXP

[11:10] {nemo} where's your stop strider?

[11:10] {strider} hod

[11:11] {dino} fds to .67

[11:14] {strider} out flat

[11:14] {nemo} why?

[11:15] {strider} just didn't move fast enough for a drop, imo.

[11:16] {Threei} Short Setup: QWID .45 break

[11:16] {Threei} QID

[11:17] {Threei} stop above .50

[11:18] {Threei} AONE Ticks higher in conjunction with a report that GM will begin its battery pack production at its new Brownstown Township factory on Thursday. (22.56, +0.17, 0.76%)

[11:18] {magoo} AONE

[11:18] {magoo} launch

[11:18] {dino} wor

[11:19] {dino} out fds .73, +.45

[11:20] {Threei} - The plant was announced nearly a year ago at the 2009 Detroit auto show.

[11:22] {Threei} if takes .30, should go to .60 roughly

[11:23] {Les} uaua dropping

[11:23] {Threei} you are partialling mags?

[11:24] {magoo} here it goes

[11:24] {nemo} ow

[11:25] {dino} sm l vmi .25

[11:30] {strider} out QID -.02

[11:30] {ese} gotta sign off all...electricians are here......may log in from school later.....if not see ya tomorow

[11:30] {Threei} take care ese

[11:30] {Les} bye ese

[11:30] {ese} cya all

[11:31] {dino} cya es

[11:42] {dino} sonc lod

[11:43] {patience} out of HNU (natural gas etf). i will never trade this bastard etf again...out $1.36 but what a lesson.

[11:43] {dino} lol

[11:44] {Les} uaua .65 b/d

[11:45] {nemo} .63 is pivot

[11:46] {Les} ok. short at .79

[11:47] {dino} sm s cal .05

[11:49] {dino} arb

[11:49] {Threei} CLNE non-stop

[11:51] {dino} upgraded to 20

[11:51] {larisa} HIG any news?

[11:52] {Threei} nothing fresh

[11:52] {larisa} ty

[11:52] {nemo} s see .60

[11:52] {nemo} seed

[11:55] {nemo} 1/2 out .54 stop was .67

[11:57] {Les} out UAUA .48 +.31

[11:57] {nemo} stop balance seed

[11:58] {dino} sm s arb .70 risky

[11:59] {dino} cal to b/e

[12:00] {strider} looks good, dino.

[12:00] {strider} pivot at .91, fwiw

[12:01] {dino} so far

[12:02] {dino} wor hod

[12:03] {dino} pretty decent range on it

[12:04] {dino} cal to .90 bstop

[12:05] {Les} out UAUA +.17. sorry, wasn't confident so didn't call

[12:05] {strider} support at 19.13

[12:05] {Les} but it bounced and rolled straight over

[12:05] {nemo} yep, air down to .17

[12:05] {larisa} last one short too les?

[12:05] {Les} y

[12:06] {Les} yeh nemo put your pivot points on freestockcharts. keep it onscreen for MA, now pivot as well

[12:07] {nemo} 132 important level for amzn

[12:08] {dino} cov arb .30, +.40

[12:09] {dino} cov cal .90, +.15

[12:13] {dino} out abfs .70 -.04

[12:15] {nemo} crissakes dino, you messed one up

[12:15] {larisa} lol

[12:16] {strider} now he's gonna feel bad.

[12:16] {Threei} he well should

06[12:16] * nemo passes dino a tissue

[12:19] {Threei} dino you be careful with tissues by nemo... he has no problem using sandpaper for those he passes around

[12:19] {nemo} soak it in onion juice first

[12:19] {larisa} onion is very good for you.. kills bacteria

[12:21] {dino} lol

[12:21] {dino} vmi stop is .98 fwiw

[12:23] {Raven} so does gin

[12:23] {nemo} vodka keeps the blood from thickening up in cold weather :)

[12:24] {Threei} but gin also spoils taste of vodka

[12:24] {Raven} sigh

[12:24] {dino} hmmm thinking of a maryini w/olive and onion tonight

[12:24] {nemo} oh no...threeish typing

[12:24] {nemo} your infected dino

[12:25] {strider} what was your vmi entry, dino?

[12:25] {Raven} garlic stuffed olive dino

[12:25] {nemo} roasted garlic

[12:25] {Threei} now, how about this for a mental image: all soaked in vodka from inside to keep blood thin, and covered in onion juice for disinfection... anyone wants to meet nemo in person?

[12:25] {dino} well it fits the low carb diet

[12:25] {nemo} what can I say, I'm a guinea

[12:26] {Raven} scary

[12:26] {nemo} fdx interesting range

[12:26] {dino} strider too high .25, thought it was breaking up

[12:27] {nemo} uaua right at resistance

[12:27] {Threei} so, third day of this year and I still can't get the rythm of the market

[12:27] {strider} does CAL look like a long to you now?

[12:27] {Threei} that's already one day above my normal

[12:27] {nemo} did you just use the word "normal"?

[12:28] {dino} i am better today, but had to downsize shares, getting rinsed m and t

[12:28] {strider} Illinois.....been to the far side of Noral.

[12:28] {strider} normal.

[12:28] {dino} cal, dk, up 2+ yesterday

[12:28] {Threei} yes nemo... I consider normal to be the limits to my abnormality

[12:29] {strider} dk?

[12:29] {strider} don't know?

[12:29] {Threei} when abnormality expands beyond those, it's not normasl

[12:29] {dino} yes

[12:30] {dino} cedc luv

[12:30] {nemo} what's "luv"?

[12:30] {strider} got to do with it/

[12:31] {nemo} oy

[12:31] {dino} oh boy....

[12:33] {dino} ed's are rocking today

[12:42] {dino} sonc sm l .99

[12:43] {nemo} huge order at 9 dino

[12:44] {dino} yeah, i see it, .97 too

[12:45] {nemo} dino sandwich

[12:45] {strider} Is there a way to scroll level II in Laser?

[12:45] {nemo} lengthen the box

[12:46] {strider} thanks for nuthin.

[12:46] {dino} rather a scooby snack

[12:46] {nemo} roro

[12:46] {dino} what do you make of lnce nemo?

[12:46] {Threei} here is useful tip

[12:47] {dino} i was at 24.05 but didn't get to me

[12:47] {Threei} if you want to lenghten the box, make sure that the spot where you grab lower part of the window is NOT right under Market Buy button

[12:47] {Threei} ask me how I came to this conclusion

[12:47] {nemo} hehehehe

[12:48] {strider} I have the same issue with the down scroll arrow for volume. JUst above sell button.

[12:49] {nemo} after that kind of fall, I'd be afraid it tests the bottom again, volume is not looking positive

[12:49] {nemo} transactions are mixed between bids, offers, and market

[12:49] {nemo} no man's...woman's land

[12:50] {dino} not the response i was expecting:)

[12:50] {nemo} what were you expecting?

[12:50] {dino} hit low .40s sell mid .79s

[12:50] {nemo} C&H on UAUA?

[12:51] {nemo} oh, well low .40's would be test of bottom

[12:51] {dino} more like martini glass

[12:51] {nemo} o.kkkkkkkkkkkkkkkkkk??????????

[12:52] {strider} I've been using a techinique for scrolling price while in a trade that helps me a lot. After entry, I set the cursor in price box, and use my left index and middle finger on up and down arrow keys, while keeping cursor over exit button. Need to set arrow keys to move by .01 in trade settings.

[12:52] {dino} lol

[12:54] {dino} guess i covered arb a bit early

[12:54] {Threei} DYAX Hearing Wedbush raising Price Target to $9 from $7 (timing uncertain) (3.66, +0.21, 6.09%)

[12:55] {Threei} cites better than expected price for Kalbitor

[12:55] {strider} long DYAX .67, stop under .50

[12:56] {strider} small

[12:57] {nemo} wow..oil up big

[12:58] {nemo} wow two democratic senators calling it a day in 24 hours

[12:58] {strider} hmm...must be a day.

[12:59] {Threei} remember huge oil drop after numbers?

[12:59] {nemo} yeah

[12:59] {Threei} told ya, most meaningless set of numbers you can only think of

[13:00] {Threei} DELL Announces US smartphone deal with AT&T (14.59, -0.28, -1.88%) (related T )

[13:01] {Threei} NFLX Announces new agreement with Warner Brothers for DVD's, Blu-Ray and streaming content

[13:01] {Threei} - announced new agreements that will continue to make Warner Bros. new release DVD and Blu-ray title... (52.23, +0.72, 1.40%) more... (related TWX )

[13:05] {dino} i guess everybody now makes smart phones, sheesh

[13:06] {strider} DYAX stop to .65

[13:06] {dino} lnce sm l .30

[13:06] {dino} shoot only 13 filled

[13:07] {strider} I don't even show a print at .30.

[13:07] {Threei} I thought they'd buy PALM and use it as entry in the market

[13:07] {nemo} try for some more between .40-.45

[13:07] {dino} i got it

[13:07] {strider} 13

[13:07] {strider} wtg.:)

[13:07] {dino} unfortunatel

[13:07] {dino} y

[13:09] {dino} sonc not working, stop to .88

[13:11] {nemo} there you go dino

[13:14] {dino} not yet

[13:14] {strider} out DYAX, -.01

[13:16] {dino} lea spike

[13:16] {Les} AIG .80 b/d vad?

[13:17] {Les} ,90 stop?

[13:17] {Threei} not sure

[13:17] {Threei} coin toss

[13:17] {Les} oh well. short at .79.

[13:17] {larisa} .94 stop if you go for it

[13:18] {Les} ok thanks

[13:20] {larisa} when i am that bored i eat too much chocolate.. market needs to wake up

[13:22] {nemo} market in it's afternoon upward march

[13:25] {nemo} sndk

[13:25] {nemo} get your shares yet dino?

[13:25] {dino} ave .38 lnce sm l

[13:29] {Les} http://miburl.com/WG30WOa

[13:29] {Les} why bomb plane?

[13:29] {Les} this looks much easier

[13:30] {Threei} they misunderstood him... it was just his usual spot to get off the plane

[13:30] {nemo} he had to pee and all the bathrooms were full

[13:30] {Les} ah a frequent flyer!

[13:36] {Threei} NFLX big move off news

[13:40] {Les} AIG popped. stopped

[13:43] {nemo} fdx forming nice base and volume moves

[13:43] {dino} abfs lod

[13:44] {Threei} crap

[13:44] {nemo} oh no

[13:44] {Threei} risk of weight gain and diabetes goes back down in TEN YEARS after quitting smoking

[13:44] {Threei} remind me again why I did it

[13:45] {nemo} diabetes is manageable, small cell lung carcinoma is not

[13:45] {nemo} any questions?

[13:46] {Threei} yes

[13:46] {Threei} ojne I haven't asked for as while

[13:46] {Threei} guess who is on TV

[13:47] {dino} dagny tagart

[13:47] {Threei} you wish

[13:47] {nemo} Carla Gugino

[13:47] {dino} john galt, opps that ws radio

[13:47] {strider} Amerigo Vespucci?

06[13:47] * nemo slaps strider around a bit with a large parchment map

[13:48] {Threei} strider takes prize of the weirdest suggestion

[13:48] {Les} lol thinking big strider

[13:48] {nemo} real prize...that one

[13:49] {Les} why settle for these little weiner hollywood starlets...

[13:49] {nemo} dumb question

[13:49] {dino} lnce stop is .20

[13:53] {dino} stopped

[13:54] {dino} i've gone cold, break time

[14:00] {Threei} MINUTES OF THE DEC 16 FOMC MEETING: FEW MEMEBERS SAID MORE STIMULUS MAY BECOME DESIRABLE; ASSET PRICES ARE NOT OUT OF LINE WITH FUNDAMENTALS; SUBDUED INFLATION IN 2010

[14:01] {Threei} - Members did discuss additional steps to normalize lending programs and sees total securities holdings falling after purchases end

[14:01] {Threei} - reiterates predicts unemployment to remain high for some time

[14:07] {Threei} going to try DYAX on .65 break

[14:07] {Threei} same setup and idea as yesterday on ABAT after the drop

[14:08] {Threei} wiulling to hold overnight, too

[14:10] {Threei} UAUA looks to be bottoming and reversing

[14:13] {Threei} .42 long if stays above .35

[14:26] {strider} AMZN in narrow range.

[14:28] {Les} l fcx .50

[14:28] {Les} wow popped.

[14:28] {Les} out .62

[14:29] {Threei} UAUA invalidated

[14:30] {Threei} DYAX more or less working, ever so slowly

[14:32] {strider} out small AMZN +.61

[14:32] {nemo} nice

[14:32] {strider} I needed that.

[14:32] {Threei} wtg

[14:32] {Les} well done

[14:32] {strider} Thanks, Les.

[14:33] {strider} Stomach toughening practice.

06[14:33] * Threei slaps strider around a bit with a large roll of cash diminished by small position

[14:33] {strider} hahaha

[14:33] {Threei} it's a good exercise for intestinal fortitude

[14:34] {strider} If you can stand the swings, AMZN is fairly predictable...just need 50 cent stops.

[14:35] {strider} tracks the QQQQs almost perfectly.

[14:35] {larisa} AMZN was perfect straight downtrend channel today until 131.65 bottom. You exited right when it was breaking downtrend to upside. But entry is nice. very :)

[14:36] {strider} grrr....

[14:36] {strider} I always leave money on the table.

[14:36] {nemo} as long as you're taking some with you

[14:36] {larisa} right

[14:36] {strider} I need to consult with the Mistress of AMZN.

06[14:36] * Threei makes a point to inspect all tables strider sat at

[14:38] {Threei} ehst the hell just happenedz?

[14:38] {Threei} only typed better

[14:38] {nemo} specifically?

[14:38] {nemo} PPT hit the market

[14:38] {Threei} sigh

[14:39] {strider} UAUA at dbl bottom

[14:39] {Threei} careful

[14:39] {Threei} it's not a double bottom really

[14:39] {Threei} it's inverted C&H

[14:39] {strider} not yet, no.

[14:39] {strider} k

[14:39] {strider} I ain't buying.

[14:40] {ilana} on 5 min. chart it is

[14:40] {Threei} 12:05 cup start

[14:40] {Threei} 13:53 cup end

[14:40] {Threei} handle till this moment

[14:42] {strider} larisa, do you trade AMZN regularly?

[14:42] {larisa} it is always on my screen, yes.

[14:43] {dino} .

[14:43] {larisa} it is not easy trader though

[14:43] {dino} gj amzn strider

[14:43] {strider} I know that.

[14:43] {strider} thks, dino.

[14:43] {nemo} be polite strider

[14:43] {ilana} lol

[14:43] {strider} huh?

[14:44] {strider} Hey guys, I'm trying to ask this nice lady some questions.

[14:44] {ilana} "benefits" of virtual socializing

[14:44] {larisa} lol

[14:44] {strider} There are benefits?

[14:44] {Threei} uh oh

[14:45] {Threei} we have two nice ladies uniting

[14:45] {Threei} this never ends well

[14:45] {patience} i'm with them vad

[14:45] {Threei} 3

[14:45] {Threei} I am so outta here

[14:45] {strider} {--------------genuflects humbly.

[14:46] {nemo} Back to my Garden of Eden Joke

[14:46] {Threei} genuflection will save you for just so long

[14:46] {nemo} yeah, expose your neck

[14:46] {Threei} it's a perfect position for a gilottine

[14:47] {Threei} or how you spell that

[14:47] {nemo} hah!

[14:47] {nemo} nice smack on the 7th cervical...gnite Irene

[14:47] {strider} Oh, I see. There ARE advantages to virtual socializing.

[14:47] {Threei} there

[14:48] {strider} Dyax is really jumping, huh?

[14:48] {Threei} sdhrug

[14:49] {Threei} -d

[14:49] {Threei} ABAT did same thing yesterday

[14:49] {Threei} sat with no movement, then jumoped 20 cents into cloe

[14:49] {Threei} then gapped up 30 cents

[14:49] {Threei} 50

[14:49] {strider} nuff said.

[14:49] {ilana} being sarcastic, strider?

[14:50] {Les} I'm in DYAX. Will try a little overnight trading

[14:50] {Les} saw the price target for DYAX earlier. $9 was it?

[14:50] {Threei} yeah

[14:50] {strider} not me, ilana.

[14:50] {strider} never.

[14:51] {Threei} yeah, he usually waits for me to excpress my usual sarastic self, watches what happens to me, then decides of he wants to do that

[14:51] {Threei} (and yes, that was sracasm)

[14:52] {larisa} vad

[14:52] {strider} Every group needs a front man.

[14:52] {Threei} sarcasm too

[14:52] {Threei} larisa... I need new keyboard... or new fingers

[14:53] {Threei} current combination doesn't really work it seems

[14:53] {larisa} spelling today is really unacceptable

[14:53] {larisa} at all

[14:53] {Threei} true

[14:53] {Threei} but I fail to see what is so different from yesterday

[14:53] {Threei} UAUA C&H works like charm

[14:55] {Threei} see the formation?

[14:56] {larisa} i'll be polite and say yes

[14:56] {Threei} oh come on

[14:56] {strider} me too,,,,, me too.

[14:57] {Threei} want me to make a screenshot??

[14:57] {larisa} I see it

[14:57] {strider} Only if you can afford to buy a new monitor.

[14:57] {Threei} without being polite?

[14:57] {larisa} plus 13.22 "secret" support level

[14:57] {dino} wor hod

[14:57] {nemo} I miss those 300 point down days

[14:57] {larisa} me too nemo

[14:58] {nemo} I like blood in the streets and widespread panic

[14:58] {Threei} 13.22 wasn't really serious support

[14:58] {Threei} that tail can be usdually ignored

[14:58] {larisa} yes it was bearish support if you trade camarilla system :)

[14:59] {strider} WOR could be a gapper tomorrow...ya think?

[14:59] {Threei} .30 was normal trigger for a C&H break

[14:59] {nemo} there's that word again

[15:00] {nemo} ewww...day old cabernet sauvignon

[15:00] {Threei} add vodka

[15:00] {nemo} yeah

[15:01] {nemo} hold on...

[15:01] {nemo} got a bite to it now

[15:04] {ilana} AMZN short...

[15:05] {strider} really?

[15:05] {nemo} nah

[15:05] {strider} I thought Amazons were all tall.

[15:05] {strider} the women, anyway.

[15:05] {dino} last try lnce sm l .26

[15:05] {nemo} rim shot please

[15:05] {strider} maybe short at .70?

[15:07] {nemo} 200 ma at .40

[15:08] {Threei} dino, you did any better today?

[15:08] {Threei} I am still where I was yesterday

[15:08] {nemo} ilona, was right

[15:08] {nemo} sorry, ilana...I know an Ilona

[15:09] {ilana} biiiig difference

[15:09] {dino} 4 for 6, w/2 open

[15:09] {nemo} could be...don't know...virtual and all

[15:09] {nemo} she's a thin blonde muscovite

[15:09] {dino} nice

06[15:10] * nemo might have been right on amazon

[15:10] {nemo} yeah, but her husband is 220 lbs of death

[15:11] {strider} cripes.

[15:13] {dino} out lnce .47, +.21

[15:13] {strider} good play, dino.

[15:14] {nemo} that just broke through the 200 ma, could go for awhile

[15:14] {dino} ty

[15:14] {strider} MRX

[15:14] {dino} yeah too early, may reload

[15:21] {dino} break of .55 maybe to .74

[15:22] {nemo} starting to get a little volume creep dino

[15:27] {nemo} amzn quite the tease, huh Ilana?

[15:27] {ilana} it is, just following the Qs

[15:28] {nemo} or the spy

[15:28] {ilana} yeah

[15:28] {ilana} out anyway, +.13

[15:29] {dino} fmo

[15:33] {larisa} .

[15:40] {dino} vmi stopped

[15:40] {dino} -.27

[15:40] {strider} short MRX .95

[15:41] {nemo} mos might be an overnight hold

[15:42] {dino} wor sm s .75

[15:42] {Threei} Market Internals update at 3:30pmET

[15:42] {Threei} - NYSE volume 840M shares, about even to its three-month average; advancers lead decliners by 1 2:1.

[15:42] {Threei} - NASDAQ volume 1.89B shares, about 12% above its three-month average; decliners lead advancers by 1.2:1.

[15:42] {Threei} - VIX index -2% to just under 19.00

[15:43] {Threei} VIX under 19... mama

[15:45] {Threei} hard to believe this total absence of volatility

[15:46] {patience} most money i made past few months has been overnight holds....but don't get me started on missing momo

[15:47] {dino} thats been the action otherwise it sits all day

[15:47] {dino} wor cov .64, =

[15:47] {dino} .11

[15:50] {strider} cover MRX +.06 :(

[16:00] {larisa} time to go home

[16:00] {Threei} Ok guysd, another day of nothing is over

[16:00] {Les} night all

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

[16:00] {nemo} ty gn cya

[16:00] {larisa} bye :)

[16:01] {dino} zumz

[16:01] {Threei} and ZIXI

[16:01] {nemo} lotta' market orders on zixi

[16:02] {Threei} ZIXI Reaffirms Q4 $0.01-0.02 v $0.00e, R$7.9-8.1M v $8Me (1.70, 0.00, 0.00%)

[16:02] {dino} raises guidance to .24 from .18

[16:02] {dino} zumz

[16:02] {Threei} ZUMZ Reports Dec SSS 0.3% v -6.4%e; Guides Q4 $0.24-0.27 v $0.22e (had seen $0.18-0.22)

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.