Feb 11 2010

Almost perfect day, with 4 or 5 trades working beautifully early on, namely HIG short, WFC short, RIMM short and CY long, a few discretionary ones on SLW, TM, UAUA, CAT and monster SWM. Just one 10 cents stop on VXX later in the day.

Session Time: Thu Feb 11 00:00:00 2010

[07:54] {Threei} 7:18:11 AM

[07:54] {Threei} (GR) EU's Van Rompuy: Greece must take additional measures, coordinated action is needed to ensure stability of Euro Zone

[07:54] {Threei} - Reiterates that Greece has not asked for financial support.

[07:54] {Threei} - Seeking "rigorous" implementation of reforms, Greece will rely on IMF and ECB expertise in dealing with issues.

[07:54] {Threei} - Commission first assessment to be made in March; to propose new measures in March.

[07:54] {Threei} ***Note: No new concrete details have been heard in latest comments.

[07:55] {Threei} JASO

[07:55] {Threei} JA Solar Holdings Reports Q4 $0.14 v $0.11e, R $238.4M v $214Me

[07:55] {Threei} - Guides FY10 shipments to exceed 900MW v 750MW-800MW prior.

[07:55] {Threei} - Guides Q1 Shipments 215MW-225MW.

[07:55] {Threei} - CEO: "We continue to see strong demand from our existing customers as well as from new customers, and expect strong shipments for full year 2010 based on robust orders from a diversified customer base across multiple geographies."

[08:07] {nemo} amsc

[08:12] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET

[08:12] {Threei} - Expectations for initial claims are 465Ke v prior week at 480K (range seen from 440K to 485K)

[08:12] {Threei} - Continuing claims seen at 4.600Me v prior week at 4.602M (range seen from 4.550M to 4.610M)

[08:14] {Threei} JASO Exec: Continues to see strong demand for its products; expects US to be a strong market in 2010- conf call

[08:14] {Threei} - Expects demand growth from new markets like Japan and China

[08:17] {Threei} chart wise, JASO is gapping over important resistance at 5

[08:17] {Threei} I am not very ehtusiastic about it so far though

[08:29] {Threei} job numbers are coming in the theater near you any second

[08:30] {Threei} *(US) INITIAL JPBLESS CLAIMS: 440K V 465KE

[08:30] {Threei} CONTINUING CLAIM: 4.538M V 4.600ME

[08:41] {Threei} Canada is one happy place, I am telling you... latest debate on TV is whether Arlnod should be allowed to bear an Olympic torch tomorrow

[08:47] {Threei} Iranian President Tells People "Iran Is Now a Nuclear State"

[08:49] {Threei} anyone fweels like applauding?

[08:50] {strider} (sound of one hand clapping)

[08:52] {Threei} (GR) EU leaders discussing a lending facility for Greece; not yet appropriate for an EMU bond as assistance - unconfirmed report

[09:02] {Threei} EUR/USD Euro currency maintains soft tone in session as dealers note EU Summit has provided concept and not a specific plan

[09:02] {nemo} what's with market

[09:03] {Threei} I don't see any news

[09:04] {Threei} I don't feel much enthusiasm

[09:04] {Threei} bias remains slightly negative, IMO

[09:06] {fernp} Good morning everybody

[09:06] {Threei} fern :)

[09:18] {Threei} did snow cut off whole east coast? quite a few people are not here

[09:18] {fernp} sunny here :-)

[09:19] {Threei} here too but let's not tell them

[09:19] {nemo} fern...

[09:19] {nemo} south of Mass got whacked pretty good

[09:19] {Threei} record snowfall makes some people cranky

[09:20] {strider} AARGH!

[09:21] {nemo} dude

[09:21] {ese} dude

[09:21] {ese} morning all

[09:21] {Threei} ese :)

[09:22] {strider} morning, everyone.

[09:22] {nemo} dunedin

[09:23] {strider} fishface.

[09:23] {ese} st

[09:23] {strider} ese

[09:23] {nemo} this place brings out a certain lack of maturity

[09:25] {larisa} gm everybody :)

[09:25] {Threei} larisa :)

[09:25] {strider} good morning, larisa:)

[09:25] {nemo} lari :)

[09:25] {larisa} vad, strider, nemo :)

[09:26] {billyc} gm all

[09:26] {Threei} billy :)

[09:26] {Threei} (GR) EU Diplomat: Must check with EU treaty to decide which instruments to implement on Greece

[09:26] {Threei} - Market expectations of Greece do not reflect fundamantals; Hopes that review of Greek savings program next month will convince markets

[09:26] {nemo} nice C&H on fas, just broke

[09:28] {lasertrev} morning

06[09:28] * nemo slaps lasertrev around a bit with a large trout

[09:29] {Threei} trev :)

[09:29] {Threei} I am generally on a hunt for shorts guys

[09:29] {nemo} I'm short

[09:29] {strider} boxers or briefs?

[09:29] {Threei} sigh

[09:30] {Threei} asylum is iopen for business

[09:30] {nemo} wow...wish I'd said that

[09:30] {Threei} and the most worisome thing is, I feel right at home...

[09:30] {nemo} strider does well typing with his elbows

[09:31] {strider} fingers all worn out from dragging on the ground.

[09:31] {nemo} no, from having hands behind back in the straight jacket

[09:32] {Threei} Short Setup: HIG .90 break half lot

[09:32] {fernp} stop?

[09:33] {Threei} for scalpers, above 23,

[09:33] {Threei} for day traders above 23.10

[09:33] {Threei} my preference is 23.10, that's why half lot

[09:33] {Threei} morning volatility...

[09:35] {Threei} 1:1 for scalpers

[09:35] {Threei} 1:1 for daytdares

[09:35] {Les} wait, rewind the tape!

[09:35] {Les} GM

[09:36] {Threei} if partialling, stop to above b/e

06[09:36] * Threei slaps Les around a bit with a large cup of coffee... and large coffeemaker while at it

[09:36] {Les} hehe pc problems

[09:36] {strider} HIG bounce?

[09:36] {Threei} not yet

[09:37] {Threei} almost reached 1:2

[09:37] {Threei} 2 cents shy

[09:37] {Threei} market bounce helping it but doesn't feel like for too long

[09:37] {Les} .65 is pivot point for hig

[09:38] {Threei} stop to above .80, let's be stingy

[09:39] {Threei} dino and magoo can't make it to the office I guess

[09:39] {nemo} magoo is plowing

[09:39] {Threei} and dino is supervisingZ?

[09:39] {nemo} slacker

[09:39] {fernp} JASO in this pullback, Vad?

[09:40] {Threei} I doubt it

[09:40] {fernp} ok

[09:40] {Threei} looks dead in the water to me

[09:41] {strider} JAZZ

[09:41] {Les} hig on the .65 b/d? 20 cent stop...

[09:41] {Threei} JAZZ Hearing strength being attributed to takeover chatter

[09:41] {Threei} - Rumor states that TEVA proposed as interested party

[09:41] {Threei} not clear yet Les

[09:41] {Threei} let it establish something more solid

[09:42] {Threei} here is something fresher

[09:42] {Threei} WFC

[09:43] {nemo} break of .16?

[09:43] {Threei} no, short

[09:43] {fernp} BAC weak

[09:44] {Les} fas looks good

[09:44] {Threei} Short Setup: WFC .09 break

[09:45] {Threei} stop for scalpers above .16, for day traders above .20

[09:45] {Threei} not much difference though

[09:46] {Les} market looking more decisive today

[09:46] {nemo} aig may go momo

[09:46] {Threei} see how HIG is not following?

[09:47] {Les} y

[09:47] {Threei} WFC 1:1

[09:47] {Les} ty

[09:47] {Threei} another 1:1

[09:48] {nemo} aig momo

[09:49] {strider} trail WFC?

[09:49] {Threei} to above .10, absolutely

[09:52] {Threei} AIG nice call nemo

[09:52] {nemo} wild one

[09:58] {nemo} fas was just a beauty

[09:58] {nemo} there was a monster offer at 63.99

[09:58] {strider} short WFC .13

[09:58] {nemo} it got pulled and fas jumped .25

[09:58] {nemo} nothing in between

[09:58] {nemo} aig pullback

[09:59] {nemo} maybe bounce at .85-90 area

[10:00] {strider} cover .05 +.08

[10:02] {fernp} WMT on lows. any read, Vad?

[10:03] {nemo} turtle stock

[10:04] {Threei} yeah, I am not jazzed

[10:04] {fernp} ty

[10:04] {strider} AET

[10:05] {strider} late

[10:05] {fernp} ANN

[10:06] {Les} inverse h&s developing in mining stocks. SLW for ex?

[10:07] {Les} .55 break of slw vad?

[10:07] {Threei} probably

[10:08] {Threei} stop would have to be under .40

[10:08] {Les} ok

[10:08] {Threei} AUY may be better candidate in that sector

[10:08] {ese} L seed .02

[10:10] {strider} TM dbll bot

[10:11] {Threei} SLW 1:1 almost

[10:13] {ese} TM interesting problem...toyota is blaming the american manufacturers for not making the parts right and the manufactuers are blaming toyota for not giving them the right specs......

[10:14] {Threei} I haven't heard Toyota blaming anyone

[10:14] {Threei} it was all about design as far I as read, and it's their design

[10:14] {ese} was listening to that on CBC yesterday

[10:14] {Threei} that was someone's interpretation, I am sure

[10:15] {ese} had something to do with specs about brakes and something else

[10:15] {nemo} might want to watch aig for a bull flag

[10:15] {Threei} no single item on any wire ever suggested someone's fault

[10:15] {nemo} no sooner said...

[10:18] {strider} short HOG .57 stop .75

[10:19] {Threei} AIG, seems to be aiming for 29

[10:20] {fernp} UAUA .75 break, Vad?

[10:20] {Threei} I think so

[10:20] {ese} almost got stopped seed .82

[10:20] {ese} .80 sorry

[10:23] {nemo} rimm bull flag?

[10:23] {nemo} look at the pattern today

[10:24] {Threei} I'll have to say no

[10:25] {Threei} I don't believe in uptrend today so far

[10:25] {Threei} either stand-off or down

[10:25] {fernp} X around 46.00

[10:26] {Threei} things like AIG or UAUA that march under their own drum, fine... but flgship like RIMM, I'd have to change my general view

[10:26] {Threei} which is admittedly easy changed

[10:26] {nemo} yeah...well you believe in santa clause

[10:27] {Threei} ummm

[10:27] {Threei} so?

[10:28] {strider} The question is: does santa claus believe in you?

[10:28] {ese} just need seed to do one of it's nothing can stop me now runs

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

[10:30] {Threei} - NYSE volume 195M shares, about 22% below its three-month average; decliners lead advancers by 1.2:1.

[10:30] {Threei} - NASDAQ volume 410M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.

[10:30] {Threei} - VIX index +1.00% to just over 25.50

[10:32] {strider} cover HOG .42 +.15

[10:34] {Threei} RIMM drops... never found an entry

[10:34] {strider} ihr

[10:34] {Threei} .60 break was the only one remotely looking like setup

[10:34] {Threei} bit not very prononced

[10:36] {Threei} I think I need to stop making winning calls

[10:36] {Threei} each of them costs me a trialer... two of them connect in the morning,

[10:36] {Threei} first quits after first call is closed for profit,

[10:36] {Threei} secind does the same after second call

[10:36] {Threei} lol

[10:36] {Les} :)

[10:38] {strider} Good idea, vad. Just do all your winning calls when there are no trialers here.

[10:39] {strider} TM reaching support.

[10:39] {Threei} RIMM bounce nto resistance

[10:39] {nemo} Maharishi Mahesh?

[10:39] {strider} hey, yogi, is that you?

[10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:39] {nemo} Hey boo boo

[10:43] {Les} uaua has crossed the rubicon and is pulling back. break of .87?

[10:43] {nemo} Hail Caesar

[10:43] {Les} hail

[10:43] {nemo} Hale?

[10:44] {Threei} .87? it was .75 long

[10:44] {Les} wasn't watching at .75

[10:48] {gregns} .

[10:49] {strider} howdy greg

[10:49] {Threei} 1:1

[10:49] {gregns} howdy

[10:49] {Threei} not scalping it

[10:50] {strider} what are you trading, vad?

[10:50] {Threei} umm

[10:50] {larisa} RIMM strider

[10:50] {Threei} stock market

[10:50] {Threei} [10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:50] {Threei} sometimes I trade socks for vodka

[10:50] {Threei} but today I focus on stocks

[10:51] {strider} invalidated at .68, no?

[10:51] {Threei} didn't even see that... must have been out of bounds print

[10:52] {Threei} level 2 never went above .65

[10:52] {Threei} 1:2

[10:52] {Les} ok. I saw it invalidated too, so ignored it

[10:53] {Les} out slw for +.08

[10:53] {Les} wasn't solid setup so didn't share

[10:54] {ese} well ok ....i'm wrong.....thought that the market would go positive and carry seed with it....the break out above .00 didn't happen...fiar enough..... i'm out .97 -.05

[10:54] {ese} time to look esle where

[10:55] {strider} CAT

[10:56] {strider} long .81 CAT stop .68

[10:57] {ese} vad ...you got a take on the mrkt today other than it's dn slightly......does a run into positve territory look possible

[10:58] {Threei} I don't see it

[10:58] {Threei} we are not that far from gfreen to make it totally impossible of course

[10:58] {ese} tks.......won't be my type of day then......may go into work early

[10:58] {Threei} just 17 points DOW

[10:58] {Threei} I just see this day as flat to negastive

[10:59] {ese} am thinkin the same

[11:02] {ese} ya right!!!! seed.......i think i recall hating this stock in another life

[11:02] {nemo} ?

[11:04] {Threei} (US) Senators Dodd and Corker have agreed shelve Consumer Protection Agengy legislation - CNBC (related MA V DFS )

[11:04] {nemo} fas not moving on that

[11:06] {Threei} not that ZI was very hot about that piece of legislation but what the deuce

[11:06] {Threei} they just abandion all attempts to change anything?

[11:08] {fernp} CY, what's your opinon Vad?

[11:08] {Threei} 11 is too good on daily to dismiss this break

[11:08] {strider} stop CAT -.06

[11:09] {Threei} hopefully market cooperates a bit to give it necessary push

[11:09] {fernp} yes, daily is very nice

[11:11] {Threei} US) New Jersey Governor Christie: Declares "fiscal emergency," move allows him to reserve or freeze spending

[11:11] {Threei} - Plans to close $2.2B budget gap by withholding $475M in school aid

[11:12] {nemo} hitting bids on cy

[11:12] {Threei} ?

[11:12] {nemo} there was a ton of red at 11

[11:12] {nemo} not hitting offers

[11:12] {Threei} (EU) EU's Barroso: Leaders at summit talked exclusively about Greece, did not discuss other countries (related EUR/USD BUNDS )

[11:13] {nemo} rinsed on cat strider

[11:15] {strider} yeah

[11:17] {Threei} green

[11:17] {strider} anybody gtaking CY?

[11:19] {nemo} i'm in

[11:20] {strider} stop .94?

[11:20] {nemo} that's what I'm looking at

[11:20] {Threei} well

[11:20] {Threei} depends on what you want fropm it

[11:20] {strider} I was thinking of profit.

[11:21] {nemo} .92 for day trade?

[11:21] {Threei} .90, to make it more sinsible... and .80 if swing trade according to daily chart

[11:21] {ese} L stec .91

[11:22] {ese} broker slow....wasn't sure i got filled

[11:22] {ese} out stec .995 + whatever

[11:24] {nemo} 68 was important level for rimm could run

[11:25] {Threei} never switched to lkong side on it, even though .65 break was powerful long signal

[11:25] {Threei} bias is harmful, eh

[11:25] {strider} out AINV overnight, +.17

[11:28] {dino} gm all

[11:28] {Threei} dino!

[11:28] {strider} really!

[11:28] {Threei} snow?

[11:28] {Les} you made it

[11:29] {dino} about 10"of snow, not too bad. real esate issues

[11:29] {dino} estate

[11:29] {strider} offering CY at .09

[11:29] {strider} oout

[11:29] {nemo} letting half go at .10

[11:29] {dino} how are you doing today?

[11:29] {Threei} fantastic

[11:30] {Threei} 3 for 3 on "official" calls, discretionary one on CY works like charm

[11:30] {nemo} 1:1

[11:30] {dino} wtg

[11:31] {Les} nice one fern

[11:31] {nemo} .11 is r2 for cy

[11:31] {nemo} that means .26 is r3 that's a long way

[11:31] {Les} yeh I'm still in

[11:32] {dino} wow swm

[11:33] {dino} beats and drops hard

[11:35] {Threei} when you have 3 min to waste,

[11:35] {Threei} http://ibankcoin.com/chart_addict/2010/02/11/trader-profile-vadym-graifer-trader-author-teacher/

[11:36] {dino} and raises, strange swm

[11:37] {Les} wow, respect from John Lee.

[11:37] {Les} I don't find him to be generous to endorse

[11:37] {Les} so I'm impressed

[11:37] {Threei} Guides FY10 at least $4.60(ex charges) v $4.82e

[11:37] {Threei} SWM

[11:38] {nemo} oy...that's moving in $s

[11:38] {Threei} Les... if that characteristic is true, why wouldn't he like me {GGG}

[11:38] {nemo} ow...cy

[11:39] {dino} swm v sm l .00

[11:39] {nemo} what's your stop?

[11:39] {dino} buck

[11:39] {dino} 200 sh

[11:40] {dino} damn had .75

[11:40] {nemo} they just raised there prices like 13%

[11:42] {nemo} goes at least to 51

[11:42] {strider} hmmm...SWM sells reconsituted tobacco products.....

[11:42] {strider} reconstituted

[11:43] {strider} what can you get for a pound of cigarette butts?

[11:43] {Les} Berkshire Hathaway?

[11:43] {dino} strange

[11:44] {Les} trading strategy of buffet's in his early career. find companies that are like cigar butts, good for one or two puffs

[11:44] {nemo} so much for market down

[11:45] {Threei} things change

[11:45] {Threei} we are 4 for 4, got a problem with it?

[11:45] {dino} stopped, greed got me

[11:45] {nemo} no, market just decided to skyrocket

[11:46] {dino} amsc sm l .50 trig

[11:46] {Threei} AMSC... what a toothache in the heart

[11:46] {Threei} lol dino

[11:47] {Threei} I'd prefer a pullback on this one...

[11:47] {Threei} haven't seen it working on breaks

[11:48] {dino} you may be right

[11:48] {nemo} aig riding 200 might break downtrend

[11:48] {dino} swm pisses me off

[11:48] {Les} is UAUA in trading range, or pulling back to go higher here?

[11:48] {Threei} as far as I am concerned it's done

[11:49] {dino} nemop 51 call is good

[11:49] {Les} I see it topped out here yesterday too

[11:49] {Threei} hasn't even attempted to break high while market spiked into new highs

[11:49] {Les} ok, could be the end for uaua. hmmm

[11:50] {Threei} market further run up may hold it floating, but as soon as market reverses UAUA should start drilling

[11:52] {Threei} providing we get any pullback in general market, hunt for short on it is on

[11:52] {Threei} Short Setup: UAUA .70 if stays under .80

[11:56] {nemo} cant short uaua

[11:57] {Threei} crrrrap

[11:58] {nemo} yeah, I tried at .76

[11:58] {Les} s uaua.74

[11:58] {nemo} you IB Les?

[11:58] {Les} y

[11:58] {nemo} smack Trev

06[11:58] * nemo slaps lasertrev around a bit with a large pissed off I can't short UAUA

06[11:58] * Threei slaps lasertrev around a bit with a large Les

06[11:59] * Threei slaps lasertrev around a bit with more Les

[11:59] {Les} signed up for laser, but will paper trade with IB till I got the magic 25

[11:59] {nemo} there was my 1:1

[12:00] {Les} out .65

[12:00] {Les} 1k, ooh yeh

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

[12:00] {Threei} - NYSE volume 390M shares, about 10% below its three-month average; advancers lead decliners by 2.9:1.

[12:00] {Threei} - NASDAQ volume 875M shares, about 6% below its three-month average; advancers lead decliners by 1.6:1.

[12:00] {Threei} - VIX index +1.00% to just over 25.50

[12:00] {nemo} OHHHHHH GOD!! TREV!!!!!!

[12:01] {Les} still holding CY

[12:04] {Threei} hmmm

[12:04] {Threei} this guy does have two hands:

[12:04] {Threei} (SA) South Africa President Zuma: Economy has 'turned a corner'; recovery remains uncertain

[12:11] {Threei} US govt obviously hired 1% more of ppulation

[12:11] {Threei} look:

[12:11] {Threei} 30% Say U.S. Heading in Right Direction

[12:11] {Threei} this number stayed at 29 firmly for months

[12:17] {Les} out cy +.11

[12:17] {Les} completely different day from yesterday

[12:17] {Threei} yesterday seemed just fine to me too

[12:20] {Les} for me and my head and my setups

[12:20] {Les} days like yesterday just suck me in to bad trades

[12:20] {Les} its the primary fault I must fix in my trading in order to advance

[12:21] {Threei} I'll find the page in MPP that will show you how to fix it

[12:22] {dino} les, good job getting over yesterday

[12:24] {Les} I don't stay angry dino. it is not my personality

[12:24] {Les} but those infrequent curve balls thrown by the market

[12:24] {Les} screw with my account

[12:25] {nemo} you are a curve ball, should fit you fine

[12:25] {Les} lol

[12:25] {Les} BELT UP NEMO

[12:25] {nemo} wow cat

[12:26] {dino} sometimes you have to play jardball

[12:26] {dino} hardball'

[12:27] {Threei} page 57 Les

[12:27] {Les} OK

[12:29] {nemo} ahhhh...cat closing the earnings gap

[12:30] {Les} I'd agree with page 57 to the extent that I need to have a sheet in front of me...

[12:31] {Threei} better yet

[12:31] {Threei} take the summary reslt,

[12:31] {Threei} write it on a Post-It with comment:

[12:31] {Les} that when we approach different days, I need to read something to remind myself...

[12:31] {Threei} the price of stupidity

[12:31] {Les} how I will approach the day.

[12:31] {Threei} slap it on your monitor

[12:32] {Les} these results are in my diary

[12:32] {Threei} and before pushing buy or short, take a last glance at it

[12:32] {Threei} asking yourself:

[12:32] {Threei} is it a valid setup

[12:32] {Threei} or is it a contribution to stupidity fund

[12:32] {Les} :)

[12:32] {larisa} funny

[12:33] {Threei} if latter, look at the price again

[12:33] {Threei} come on Larisa

[12:33] {Threei} you know better than calling my humorless exercises funny

[12:34] {Threei} I am void of funny

[12:34] {Les} I'm thinking of pasting simple trading mindset under my keyboard. Today is strong trend day, today is range bound day, today is rudderless day, with appropriate trading mindset and strategy

[12:34] {Les} I have trouble going from trending day to a nothing day. i keep trading same way as day before

[12:35] {Threei} whatever works... just don't put it ON a keyboard, or your typing goes the way of dodo... i.e., becomes much like mine

[12:36] {Threei} wow Les, you seem to have a very uncommon disease:

[12:36] {Threei} too LONG attention span

[12:36] {Threei} rarity among us, moth

[12:36] {Les} oh now you're just being modest...

[12:36] {Les} or taking the piss out of me

[12:36] {Threei} we tend to forget out name between "Hi", and "my name is..."

[12:37] {Les} break time. back later.

[12:43] {Threei} market fell asleep

[12:43] {nemo} aig collapsing

[12:43] {Threei} for the reasoin as mysterious as the one that sent it up earlier, lol

[12:43] {nemo} yep

[12:45] {Threei} GR) Greece PM Papandreou: EU leaders believe a "political message" is enough to stabilize markets

[12:45] {nemo} idiot

[12:46] {Threei} jawboning can fix everything they think

[12:52] {nemo} anybody short cat?:)

[12:54] {Threei} hmm?

[12:54] {Threei} why?

[12:54] {nemo} joke, strength like that today...no way

[12:55] {Threei} ah... I don't have sense of humor, don't forget

[12:55] {nemo} I was walking dad, didn't see that part

[12:57] {larisa} actually considered short of .50 double top for scalp. so my trading must be a joke :)

[12:57] {nemo} frankly, maybe we should be looking at this as a pullback in cat

[12:57] {nemo} no lari, just very strong stock

[12:58] {Threei} larisa, you do know that you always hape option of slapping nemo with something heavy available to you, right?

06[12:58] * nemo slaps larisa around a bit with a large feather duster

[12:59] {larisa} did you watch CAT closely last 30 min nemo?

[12:59] {nemo} fairly

[12:59] {larisa} .57 fel like top.

[12:59] {larisa} felt

[13:00] {larisa} but of course it is strong one.

[13:02] {larisa} and you can be trend trader or countertrend, or mix it wildly for fun :)

[13:02] {nemo} nothing parabolic about it, very strong 45 degree climb...now, we get another double top here...50 ma is about.10 below

[13:04] {nemo} market sells

[13:04] {larisa} I just like these double tops on falling indicators. Plus my hotizon is 10-20 cents :) and i do not remember my name

[13:04] {larisa} horizon

[13:04] {nemo} gertrude

[13:05] {larisa} lol

[13:05] {ese} am outta here all.....have a great day.

[13:05] {Threei} take care ese

[13:05] {larisa} bye ese

[13:05] {ese} cya vad laris

[13:05] {Threei} wituh any market help it can drop to 55 easy

[13:05] {nemo} where did you short larisa

[13:09] {larisa} I did not, was watching it at 12:54 with one eye. Vad distracted me :) then you said anyone short and I responded :)

06[13:10] * Threei is now known as one big distraction

[13:10] {nemo} I'm short .34

[13:10] {larisa} I am not sure if time chart shows good setup. but tick does

[13:11] {Threei} .37 here

[13:11] {Threei} just for a scalp

[13:11] {nemo} 1/2 out

[13:11] {larisa} but you said "no way, it is strong" :)

[13:11] {larisa} take it back

[13:12] {nemo} I reserve the right to change my mind as conditions warrant

[13:12] {larisa} ahha

[13:12] {Threei} I don't - I have nopthing to change

[13:12] {nemo} except diapers

[13:13] {nemo} my min has gone free association

[13:13] {nemo} out

[13:15] {nemo} what's your stop vad?

[13:16] {Threei} what stop, it was just a quick scalp

[13:16] {nemo} .47

[13:16] {nemo} oh you were out

[13:16] {Threei} covered at .27

[13:16] {nemo} oh

[13:19] {nemo} big bid cat

[13:22] {Threei} DNDN lost its mind today?

[13:23] {patience} .

[13:23] {Threei} good point

[13:24] {patience} :)

[13:24] {nemo} there's that sense of humor

[13:24] {Threei} point-sized

[13:40] {Threei} UAUA total loss of will to live

[13:40] {Threei} CY continues attemots

[13:41] {Threei} Long Setup: DNDN 31.01 break

[13:41] {nemo} dndn, might be prepping for a run

[13:41] {nemo} hah

[13:41] {Threei} if stays above .90

[13:43] {Threei} invalidated

[13:43] {nemo} oh well

[13:44] {nemo} bounced right at support and formed possible H&S, or long here off support

[13:48] {nemo} that .80 support for the earlier break held well

[13:49] {Threei} CY at 1:1 for swing traders

[13:54] {dino} rino, missed it

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

[14:02] {Threei} - NYSE volume 580M shares, about 6% below its three-month average; advancers lead decliners by 3.8:1.

[14:02] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; advancers lead decliners by 2.1:1.

[14:02] {Threei} - VIX index -5.3% to just over 24.00

[14:10] {dino} great wall of china at .50 on amsc

[14:12] {nemo} ntgr consolidating tight range

[14:13] {dino} swm wow

[14:13] {dino} i se why rino is up, lightening round last night cramer says don't buy it

[14:13] {nemo} well...at least it's declinating in .50 segments now

[14:14] {nemo} I can't even look at TSCM gives me cramps

[14:14] {dino} re-test coming nemo?

[14:14] {nemo} looks it

[14:16] {nemo} might warrant a play get a pullback to .50-60

[14:16] {nemo} volume not convincing yet

[14:19] {nemo} .50 was it

[14:19] {dino} swm 45.50?

[14:19] {nemo} yeah

[14:19] {dino} guess so

[14:22] {nemo} might we be getting a C&H?

[14:22] {nemo} frickin spread

[14:22] {dino} have to lay out below imo

[14:23] {nemo} well, break of .50 or pullback to 00-.10

[14:23] {dino} gut says down to 45ish

[14:23] {nemo} beer gut?:)

[14:23] {dino} yeah

[14:24] {larisa} dino mentioned it first time, i blinked at 43ish, next blink was at 45ish :)

[14:24] {nemo} always trust that

[14:24] {dino} theres your break, you are better than i

[14:24] {nemo} no...I gave two possibilities

[14:24] {dino} nemo, you had 1.50 on it

[14:24] {nemo} yeah

[14:25] {dino} ok, 46 area

[14:25] {nemo} depends on volume this time around, see if this move supported

[14:25] {nemo} then, support at .50

[14:25] {dino} showing 46 20ma, 46.50 50ma

[14:26] {nemo} yep

[14:26] {dino} chart going up

[14:26] {nemo} she ain't coming back

[14:27] {nemo} Lido left the boat that day, he left the shack...that's all he left...he ain't coming back

[14:27] {nemo} Oh Christ...where's my gun

[14:27] {nemo} Vad, you play swm?

[14:27] {larisa} lol

[14:28] {Threei} me?

[14:29] {Threei} why would I?

[14:29] {nemo} Greed

[14:29] {strider} cause you are a wild and crazy guy?

[14:29] {larisa} no bad news on it right?

06[14:29] * nemo slaps strider around a bit with a large steve martin collection

[14:30] {Threei} guided lower larisas

[14:30] {Threei} -s

[14:30] {larisa} stop putting s everywhere

[14:30] {nemo} whoa

[14:30] {Threei} laria?

[14:30] {nemo} 200 point day today?

[14:30] {larisa} todasy anywasy

[14:30] {Threei} sounds japanese

[14:30] {nemo} You're making me feel better about myself

[14:31] {dino} don't

[14:31] {dino} lol

[14:31] {Threei} lol

[14:31] {nemo} Where's that list

[14:32] {nemo} ahhhhh....

[14:32] {nemo} pencil or pen....

[14:32] {nemo} pen...

[14:32] {nemo} D....

[14:32] {nemo} I....

[14:32] {nemo} N....

[14:32] {nemo} O....

[14:32] {dino} :)

[14:34] {larisa} I want today to be red closing

[14:34] {nemo} yeah...and I want....

[14:36] {dino} sadist

[14:37] {nemo} damn proud of it

[14:38] {nemo} swm bouncing off support

[14:38] {nemo} no volume yet

[14:41] {nemo} where's the strike on cat for op ex next week dino?

[14:48] {dino} typically they drive them to 5's or 0's

[14:49] {strider} TM trying to jump a little gap on daily

[14:50] {strider} c&h 5 min

[14:50] {nemo} SWM was so technically perfect.

[14:51] {nemo} Well, I gotta' go...see you guys tomorrow...you too Lari and Patience

[14:51] {nemo} oh...and Vad

[14:51] {Threei} take care nemo

[14:51] {strider} had a good evening, nemo.

06[14:51] * nemo slaps Les around a bit with a large bag of lead shot

[14:52] {larisa} bye nemo :)

[14:53] {dino} chickened out on it nemo, take care

[14:56] {Threei} Long Setup: VXX .60 break half lot

[14:56] {Threei} if stays above .45

[15:00] {Threei} let's modify it

[15:00] {Threei} .40 - .50

[15:07] {Threei} no go

[15:08] {Les} hey I'm back. what's with the lead shot?

[15:09] {Threei} you'll have to ask nemo tomorrow

[15:10] {Les} I'm shot alright, but with good spanish red

[15:12] {Les} fitb up. wfc/ms down. fitb going to give me a shorting op before close?

[15:13] {Les} looks like the close is already stitched up

[15:14] {Threei} anyone's guess... it shows no indication of short being shaped up

[15:15] {Les} yeh, just finnies ain't showing strenght

[15:16] {Threei} Chinese solar name JinkoSolar cancels IPO due to poor market conditions

[15:16] {Threei} - No new date for the initial public offering has been set.

[15:16] {Threei} - Note that JinkoSolar is a major supplier for Renesola.

[15:16] {Threei} - Two previous Chinese solar companies, Trony Solar Holdings Co. and Daqo New Energy Corp., postponed planned offerings after struggling to price in December and January.

[15:19] {Les} uaua/cal recovered a little. dal a b/d candidate

[15:25] {Les} here comes fitb

[15:29] {Les} voila. this was best strategy to a market going nowhere.

[15:30] {Les} take profits early

[15:30] {Les} get drunk and forget about market later

[15:30] {Les} not bad trades made today

[15:30] {Les} no bad

[15:30] {Les} slw

[15:31] {Les} PM miners coming down

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 755M shares, about 6% below its three-month average; advancers lead decliners by 4.2:1.

[15:32] {Threei} - NASDAQ volume 1.74B shares, about 1% below its three-month average; advancers lead decliners by 2.5:1.

[15:32] {Threei} - VIX index -5.00% to just over 24.00

[15:36] {dino} oo sm l swm

[15:37] {Les} .25 b/d GG?

[15:37] {Threei} probably

[15:40] {Threei} not anymore

[15:40] {Les} yeh

[15:44] {Threei} dino take the frikin profit already, will ya?

[15:44] {Threei} I van't do anything ele, watching this monster

[15:44] {Threei} can't

[15:44] {dino} lol

[15:44] {dino} out .95 +.95

[15:44] {Threei} seriosuly, lol... how do you stomach such volatility

[15:44] {Les} what r u in dino?

[15:44] {dino} swm

[15:45] {dino} and vad, i don't know. sometimes the gut wants what the gut wants (or something like that)

[15:45] {Threei} I know... it's just gut-wrenching :)

[15:45] {dino} i will be playting that tomorrow

[15:46] {dino} for today, most likely done

[15:46] {Threei} dailky is beyiond bizarre on it

[15:46] {Threei} daily

[15:49] {Threei} I'd say good timing on exit

[15:51] {dino} then say it

[15:51] {Threei} sorry, too lazy

[15:51] {Threei} I'll keep silent

[15:52] {Threei} but if I did want to say something, it would be" good timing on exit

[15:52] {dino} lol

[15:55] {Threei} aside of SWM{ it was the day of "bore me with profit, and I'll yawn all the way to the bank" type

[15:56] {strider} holding small TM overnight, from 75.38.

[15:56] {strider} Call me crazy

[15:56] {Threei} strider is crazy

[15:56] {strider} thank you, thank you very much.

[15:56] {Threei} always

[15:57] {Threei} just ask, I am here for ya

[15:57] {Les} wow its already 10 pm. time flies.

[15:57] {strider} :)

[15:57] {Les} nigth alla.

[15:57] {Les} night all

[15:57] {Threei} Les is crazy too

[15:57] {Les} that be the booze talking

[15:57] {Threei} but in his own way

[15:57] {Les} ciao

[15:57] {strider} well that's better..

[15:57] {Threei} take care Les

[15:58] {Threei} okay guys, calling it a day

[15:58] {Threei} thank you all

[15:58] {Threei} have a great evening

[15:58] {strider} thanks, vad.

[15:58] {strider} you too.

[15:58] {Threei} may SWM not come to you in your dream

[15:58] {strider} gonnaj watch Survivor tonight?

[15:58] {Threei} lest your dream turns into nightmare

[15:58] {strider} 1st install of new season.

[15:58] {Threei} not me

[15:59] {strider} I keep hoping patience and larisa will be on there.

[15:59] {Threei} Lost fills up my TV- island needs

[15:59] {strider} TM closing at hod.

[15:59] {strider} where it started.

[16:00] {dino} gn all, thx

[16:00] {larisa} bye all :)

Feb 10 2010

Session Time: Wed Feb 10 00:00:00 2010

Not too active but nicely profitable day. Being bombarded be endless headlines, we decided to stay on careful side. Picky trading paid off with wins outweighing stop at the rate about 5 to 1

[07:58] {Threei} TM Reportedly firm planning ot suspend production of Lexus HS250h, Sai Hybrids -Kyodo

[07:59] {Threei} ***Reminder: On Feb 8 - Toyota plans to suspend production of Sai and Lexus hybrids in Japan later this week, and continue to idle the plants for at least one week - Nikkei news

[07:59] {Threei} - Move will affect production of about 4,000 vehicles.

[07:59] {Threei} not biggie I believe

[08:06] {Threei} GR) Reportedly German official: Sees no concrete steps for Greece at summit; Debating aid will not solve issue

[08:31] {Threei} *(US) DEC TRADE BALANCE: -$40.2B V -$35.8BE

[08:34] {Threei} ATHX UPDATE: Receives U.S. Patent Covering Adult Stem Cell Composition & Production

[08:34] {Threei} - Athersys also announced that it has been granted and the opposition period has cleared EP patent

[08:36] {nemo} Bernanke talking today about deleveraging, should be some moves in fas/faz

[08:37] {Les} haha thought you said Berlasconi, was gonna say wtf?

[08:37] {Threei} 10:00 Fed Chairman Bernake to testify before House Financial Services Committee. 09:30 Fed's Tarullo testifies before Senate Panel on systemic risk. 12:45 Fed's Plosser speaks on the financial crisis.

[08:42] {Threei} More Voters Now See Obama As Confrontational

[08:43] {Threei} heh... I forecast a year ago, this guy will be so divisive, W will look like dove of peace

[08:43] {Threei} Reminder: Today's Bernanke House hearing has been delayed but his testimony will still be released from embargo at 10:00ET

[08:43] {Threei} - The topic of the House hearing is "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery."

[08:43] {Threei} - The hearing has been postponed due to the snow storm on the east coast.

[08:43] {Threei} **In some of his most recent commentary from last month, Bernanke noted:

[08:43] {Threei} - Fed is confident it can control monetary and credit growth; Fed officials understand that the balance sheet needs to be normalized; Raising rates on reserves is one way to control balance sheet.

[08:43] {Threei} - Policy decisions must be forward looking; Policy decisions in early 2000 do not seem to be inappropriate; Not worried about confidence in US financial system.

[08:43] {Threei} - Economy only now beginning to recover from deep recession; Monetary policy may not be appropriate for dealing with bubbles; Appropriate response for dealing with housing bubbles is regulatory rather than monetary; Rate hikes are not the best tool to burst asset bubbles.

[08:43] {Threei} - Dollar remains the dominant reserve currency.

[08:43] {Threei} - If the regulatory system is not reformed to deal with future bubbles or if it is not able to keep risks in check, we must remain open to using monetary policy as a supplementary tool for addressing those risks.

[08:50] {Threei} Greece PM: Reiterates view that Greece has the will to implement stability plan

[08:51] {Threei} if it does, why the need to reiterate?

[08:52] {Les} gonna be another up and down day is it?

[08:52] {Threei} with all the headlines coming, sure feels like it

[08:53] {Threei} it's all too fresh, so reaction still should be pronounced

[08:53] {nemo} We'll see more as Bernanke's speech gets digested

[08:53] {Threei} in a while it gets old and market starts ignoring all but really material items

[08:56] {nemo} amsc up .41

[08:56] {Threei} IC) ICELAND JAN UNEMPLOYMENT: 9.0% V 8.2% PRIOR

[08:56] {nemo} whoa

[08:57] {Threei} boy, is Europe screwed

[08:57] {nemo} BOHICA

[08:58] {Les} I have the feeling we're all screwed this year

[08:59] {Les} still as long as the market goes up or down, there's a dollar in it for us

[08:59] {nemo} who makes vaseline? buy stock

[08:59] {Les} naughty

[08:59] {nemo} Older I get, less I like pain

[09:00] {Threei} as long as you like causing it, you are young in your heart

[09:01] {nemo} NP...just takes longer to heal these days

[09:01] {Threei} STEM Announces First Human Neural Stem Cell Transplant in Landmark Myelination Disorder Trial

[09:02] {nemo} Parkinson's?

[09:02] {Threei} Pelizaeus-Merzbacher Disease

[09:06] {nemo} big offer fcx .58

[09:07] {fernp} Good morning everybody

[09:07] {Les} hey fern

[09:07] {Threei} fern :)

[09:08] {nemo} hola fern

[09:15] {strider} morning everyone.

[09:15] {Threei} strider :)

[09:15] {strider} :)

[09:16] {Les} strider

[09:17] {strider} morning les.

[09:19] {Threei} (GR) Press speculation surfaces that German Gov't cannot aid Greece

[09:19] {Threei} ***Reminder: Earlier today a German official commented that it was unlikely to see concrete steps for Greece at summit, and debating aid will not solve the issue

[09:21] {lasertrev} gm

[09:21] {Threei} trev :)

[09:21] {nemo} trev lari

[09:21] {larisa} gm vad, nemo and everybody :)

[09:21] {Threei} larisa :)

[09:23] {nemo} chicago had an earthquake

[09:23] {Les} hey larisa

[09:24] {larisa} hi les :)

[09:27] {Threei} nemo?

[09:27] {Threei} serious?

[09:27] {nemo} http://www.nbcchicago.com/news/local-beat/Breaking-News-Earthquake-Shakes-Chicagoland-84000302.html

[09:28] {nemo} lotta' them lately

[09:28] {nemo} prelude to 2012

[09:28] {dino} gm all, six inches of snow so far

[09:28] {Threei} dino :)

[09:28] {ese} good morning

[09:28] {Threei} ese :)

[09:29] {strider} dino, ese.

[09:29] {ese} st vad

[09:29] {nemo} tm up 1.29

[09:31] {nemo} wow ntgr

[09:31] {billyc} gm all happy Wednesday

[09:31] {Threei} billy :)

[09:31] {Threei} NTGR earning, guidance, couple upgrades

[09:31] {Les} hey billy

[09:32] {Threei} Yesterday 16:11 NTGR Reports Q4 $0.34 v $0.22e, R $219M v $179Me

[09:32] {Threei} - Q4 Gross Margin 31.1% v 33.5% q/q v 30% y/y

[09:32] {Threei} - Guides Q1 Rev $195-205M v $178Me

[09:32] {Threei}

[09:32] {Threei} GR) Greece Central Bank: Jan cash deficit at 818M

[09:33] {ese} in and out brcm .67/ .93 +.26

[09:33] {Les} nice

[09:33] {lasertrev} ese dcc please

[09:35] {fernp} WFC 27 break, Vad?

[09:36] {Threei} couple more bars...

[09:36] {Threei} so .90 support is firmer

[09:36] {fernp} ok ty

[09:36] {Threei} next bar break yes, if holding above .90

[09:37] {Threei} there, valid now - IF holding above .90

[09:38] {Threei} (GR) ECB council is reportedly planning a conference call on Greece debt crisis at 12:30pmET

[09:38] {Les} TM .70 break vad?

[09:39] {Threei} no...

[09:40] {Threei} or rather: coin toss

[09:40] {Threei} don't see it one way or another

[09:40] {Threei} overall guys:

[09:40] {Threei} today is the day of endless headlines

[09:40] {Threei} Greece and Big Ben

[09:40] {Les} s tm .59

[09:40] {Threei} let's be very conserbative, very picky and quick to get out

[09:41] {larisa} go outside, make snowman ? :)

[09:41] {Threei} snowgirl?

[09:41] {larisa} :)

[09:41] {Les} I should've booked my haircut for 11 am NY time, not before opening

[09:42] {nemo} fcx coughing up a furball

[09:45] {Threei} Short Setup: NTGR .75 break half lot

[09:45] {Threei} if stays under .90

[09:48] {Les} stopped TM

[09:49] {Les} unfortunately type 1 scalp required for TM there, which my account does not permit. if that be the case, need to find, sub-$20 stocks

[09:51] {Threei} TM is last stock I would use for scalp type I

[09:51] {Les} lesson learnt today

[09:51] {Threei} well, second last, first being GOOG {G}

[09:51] {Les} tm has been a money spinner for me

[09:52] {Les} but not if it must be quick small scalp

[09:52] {Threei} you need a thick stock with huge liquidity for that

[09:52] {Threei} look at FITB level 2

[09:52] {Les} PM miners might be bouncing before further b/d, can't tell. KGC, GG, SLW

[09:52] {Threei} that's your typical scalp type I stock

[09:53] {Les} yeh ok

[09:53] {Les} PM miners following market. sorry

[09:55] {nemo} rimm strong again

[09:56] {Threei} I continue looking for short entry on NTGR

[09:57] {nemo} it's forming downtrend, short at the top

[09:57] {Threei} right

[09:57] {Threei} Short Setup: NTGR .75 if stays under .85, half lot

[09:58] {nemo} tm strong, guess it bottomed

[09:58] {Threei} EU's Barroso: Part of EU's growth potential has been adversely impacted by the crisis; EU must address imbalances in the Euro Zone (related EUR/USD )

[10:00] {Threei} US Fed Chair Bernanke: Fed may opt to raise discount rate before long; change would not mean outlook on policy is shifting

[10:00] {nemo} 1:1

[10:01] {Threei} [09:40] {Threei} today is the day of endless headlines

[10:01] {Threei} [09:40] {Threei} Greece and Big Ben

[10:01] {Threei} how about this red candle eh

[10:01] {Threei} EUR/USD Dollar firms on initial Fed's Bernanke written remarks; tests 1.3710

[10:03] {Threei} Long Setup: VXX .80 break half lot

[10:03] {Threei} if stays above .65

[10:07] {Threei} 1:1

[10:07] {fernp} ty Vad

[10:07] {Threei} welcome sir

[10:07] {billyc} thank you

[10:07] {Threei} 1:2, out

[10:08] {Threei} :)

[10:08] {Les} damn

[10:08] {Les} but ty for the setup

[10:08] {Threei} what, you didn't believe in me?

[10:08] {Les} no, took the scalp, but underestimated VXX again

[10:09] {Threei} it's eassy to underestimate, I do it every day

[10:09] {Les} its a nice trading tool

[10:09] {Threei} don't regret it todasy

[10:09] {Threei} today is not your normal day

[10:10] {Threei} safety is concern number 1

[10:10] {Threei} well, it always is... but today is more than usual

[10:11] {strider} vad, next time we have a normal day...will you let us know:)

[10:11] {Threei} bet on it strider - will it be OK if I do it after the day is over?? :)

[10:11] {strider} oh...

[10:11] {strider} never mind.

[10:11] {Threei} 16:01 - hey. today was normal!

[10:12] {Threei} well, seriously - sometimes you just know that things are scorching hot emotionally

[10:12] {Threei} and today we have too many material developments

[10:12] {Threei} market can easily get tired of listenting tothem,

[10:13] {Threei} that's when it will return to less jerky trading

[10:13] {strider} seriously stopped NTGR

[10:13] {Threei} why not take 1:1?

[10:13] {strider} -.19

[10:13] {Les} didn't fill

[10:14] {strider} you're right, can we do that over?

[10:14] {Threei} 1-2 cents... come on

[10:14] {nemo} yeah, in this haphazard environment

[10:14] {Les} yeh wasn't fast on the ball

[10:14] {Threei} [09:40] {Threei} let's be very conserbative, very picky and quick to get out

[10:14] {strider} well how the heck do you know that you should take .01- or .02 less...and not wait for the goal?

[10:14] {nemo} wham bam thank you mam-trading

[10:15] {Les} strider I seriously considered stopping flat, could see the stock didn't want to drop

[10:15] {strider} you're smarter than I am, Les :)

[10:16] {Les} it can only have a go at support so many times before choosing the easier route

[10:17] {Les} can only have a go at breaking support so many times

[10:17] {nemo} tm at support

[10:21] {strider} short TM .60

[10:21] {Les} tak the scalp

[10:21] {nemo} partial

[10:22] {nemo} if you don't don't tell us

[10:23] {Les} TM support .37

[10:23] {nemo} 200 ma on tm is .25

[10:25] {strider} cover .43 +.17

[10:25] {larisa} did you cover because of that, strider?

[10:26] {larisa} [10:21] {Les} tak the scalp

[10:26] {larisa} [10:21] {nemo} partial

[10:26] {strider} because of what?

[10:26] {nemo} she's implying peer pressure

[10:26] {strider} I have peers?

[10:26] {larisa} lol

[10:26] {Les} nonsense larisa. strider would tell us to get stuffed if he wanted to

[10:26] {Threei} lopl;

[10:26] {nemo} I just said, partial by the way

[10:27] {nemo} lopl?

[10:27] {ese} http://www.youtube.com/watch?v=Qmf_C-gzYQc My Rhythm and blues band The Midnights....at Blues Bash here in Victoria

[10:27] {Threei} yeah, that lol typed with accent

[10:27] {strider} I thought you were looking for your teeth, nemo.

[10:27] {larisa} LOL

[10:27] {nemo} still have all of them strider

[10:27] {larisa} ok, next time I will not worry for strider

[10:28] {Threei} hey, famiuliar faces, ese!

[10:28] {Les} NTGR going to test 50 ma. short entry somewhere?

[10:28] {ese} yup.....it's a good band....fun band...great people to work with

[10:28] {strider} Thanks, larisa....but I did cover for the wrong reason, I think..just not for THAT wrong reason.

[10:29] {ese} how bout that drummer eh?

[10:29] {Threei} it's the same event I was lucky to photograph

[10:29] {strider} I probably did it to make back my loss on NTGR.

[10:30] {Les} FITB salmon drop

[10:30] {larisa} this is understandable, I just wanted to kill both of them while they were giving you advices during the trade:)

[10:30] {ese} yup....sure was vad......finally got the mixed to where it sounds good on video

[10:30] {ese} sound mixed

[10:30] {strider} That's better than what vad does. He gives me advice AFTER the trade.:)

[10:30] {Les} fitb .30 b/d?

[10:30] {Threei} lol

[10:31] {strider} And won't let me rewind.

[10:31] {Threei} Les... slow and narrow - fir type I, maybe,

[10:31] {nemo} you on skins ese?

[10:32] {Threei} but better try aggressive entry then while market os droopping and FITB lags

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

[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; decliners lead advancers by 5.8:1.

[10:32] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 3.2:1.

[10:32] {Threei} - VIX index +0.75% to just over 26.00

[10:32] {ese} yup...thats me nemo

[10:32] {nemo} handsome bastard

[10:33] {strider} HOG is bleeding today.

[10:33] {ese} I have a degree in hitting things........oh alreight...it B of Mus Ed in Percussion Performance with a mathematics minor

[10:33] {nemo} I have a degree in hitting things to :)

[10:34] {ese} cool......what

[10:34] {strider} so you can hit things with mathematical precision.

[10:34] {ese} yup

[10:34] {strider} wow.

[10:34] {nemo} mine are not politically correct studies

[10:34] {ese} hmmmmmmmm

06[10:34] * strider slaps nemo around a bit with a large mathematics book

[10:35] {nemo} tower bottom on TM

[10:35] {nemo} looking for right side of inverse H&S

[10:37] {Threei} FITB Exec: expecting 2010 losses less than those seen in 2009 - investor day

[10:37] {nemo} crissakes, paying attention to that vid and tm broke above .20

[10:39] {nemo} hit 1:2 if anyboy paying attention

[10:39] {nemo} .50 resistance

[10:40] {nemo} 1:3...sob

[10:40] {Les} sorry you said something nemo

[10:40] {Les} was enjoying the music

[10:41] {dino} sidetracked day here

[10:41] {strider} so was I, les.

[10:41] {Les} you'll have to come out to Darwin listen to Australian Jazz musicians on the lawns of casino during dry season

[10:42] {Les} ese, july, august, darwin is full of european girls and good pub life

[10:42] {Les} great weather

[10:42] {nemo} 1:4

[10:42] {ese} i'm in....

[10:42] {Les} saw fitb go long, but didn't think it would be this long

[10:42] {strider} Russian women are the best of the best, imo.

[10:43] {ese} can i get my band invited there?

[10:43] {nemo} in what ese

[10:43] {Les} good question. one day I'll return and look up the Casino, who organises it

[10:43] {ese} that festival in Darwin

[10:45] {Les} no its not festival. during dry season, jazz music every sunday afternoon with booze and food and fantastic sunset

[10:47] {ese} baby!!!!! my kind of town!

[10:48] {Les} yeh I dream of making money here with you guys and returning home two months during summer

[10:48] {fernp} JPM, Vad? breakdown?

[10:48] {Les} a few years from now

[10:48] {strider} vad, TM have enough consolidation for a long entry?

[10:49] {Threei} can't tell fern

[10:49] {strider} whoops.

[10:49] {Threei} looks like a good candidate to shake you ourt

[10:49] {Threei} TM answered, eh :)

[10:49] {strider} that was my second choice.

[10:50] {nemo} what was oil numbers?

[10:50] {nemo} were

[10:50] {ese} L brcm .65

[10:50] {dino} wow jst just sold fromn yesterday at 46.75, +1.95

[10:50] {Threei} aren't in nemo

[10:50] {Les} nice one dino

[10:50] {Threei} don't know why

[10:51] {dino} got lucky

[10:51] {Les} very

[10:51] {larisa} all numbers postponed by Friday due to bad weather :)

[10:51] {larisa} gj dino

[10:52] {dino} ty

[10:53] {Threei} sheesh AMAG

[10:53] {Threei} see JPM fern?

[10:56] {dino} hmm amsc green

[10:57] {Threei} HIG Hearing takeover chatter circulating

[10:57] {larisa} MEE trying to break downtrend

[10:58] {Les} fitb .60 b/o?

[10:59] {Threei} only after pullback, holding .55 and with market help

[10:59] {Les} sheesh not asking much is it

[10:59] {strider} AINV, slow mover

[10:59] {fernp} NYX, Vad? any read?

[11:00] {ese} out brcm .72 +.07 4k

[11:01] {dino} gj

[11:01] {Threei} no fern

[11:01] {fernp} i see. TY

[11:01] {Threei} don't like it as trading candidate

[11:02] {ese} tks

[11:06] {Les} finnies coming down

[11:07] {Les} MS is leading. watching wfc and fitb

[11:08] {Threei} GOOG Reportedly planning to build and begin testing ultra high speed broadband networks in a small number of US trial locations

[11:09] {nemo} damn ntgr broke

[11:10] {strider} Good. I hope it's FUBAR.

[11:10] {Les} I want my money back

[11:10] {nemo} yeah snafu

[11:12] {strider} AMZN in nice range.

[11:13] {larisa} missed .40 break on it for scalp

[11:15] {strider} TM in same pattern

[11:15] {strider} a dastardly duo

[11:15] {nemo} Dick an Muttley

[11:24] {nemo} scalped rimm .49-.35

[11:24] {nemo} lucky I scalped

[11:24] {larisa} on pivot break?

[11:25] {nemo} actually break under 200 at .50

[11:25] {nemo} with pivot just above it, wanted it to clear 200

[11:25] {larisa} gj

[11:26] {Threei} (GR) EU's Juncker confident can find a market satisfying solution on Greece situation

[11:26] {nemo} had support at .30, didn't want to go further

[11:27] {ese} L brcm .71

[11:28] {Threei} (GR) EU officials state bailout is unlikely: CNBC

[11:29] {ese} correction .714815

06[11:29] * nemo slaps ese around a bit with a large calculator

[11:29] {ese} agady agady agady

[11:29] {larisa} out MEE

[11:31] {strider} did good?

[11:31] {larisa} +.40

[11:31] {Threei} I'd say more than good

[11:31] {strider} yeah, well that's ok.

[11:32] {Les} let's all follow larisa

[11:32] {strider} Can't. Restraining order.

[11:32] {Les} VAD fitb might be ready this time?

[11:32] {Les} fas wants up

[11:32] {Les} .06 break

[11:32] {Les} .60

[11:32] {Threei} probably... a bit better odds than last time around

[11:33] {strider} +.10 AMZN long scalp

[11:34] {Les} i'll wait for return to trigger for confirmation

[11:34] {ese} out brcm .79 + whatever

[11:34] {nemo} use the frickin' calculator

[11:34] {fernp} BRCM .80 break, Vad?

[11:35] {strider} good brand name for a calculator, nemo.

[11:35] {nemo} hehehe

[11:36] {Threei} only if market makes a big jump and BRCM gives you a cvhance to enter fern

[11:36] {ese} ahhhhh ok....will get right on that calculation

[11:36] {fernp} ok, ty

[11:38] {ese} with a handle like that ....no wonder

[11:39] {Les} lol, couldn't think up anything funnier than that

[11:40] {Threei} AMSC...

[11:41] {ese} L brcm .74

[11:42] {dino} you take amsc 3i?

[11:42] {Threei} no... still cvan't make up my mind about it

[11:44] {ese} out brcm .69 -.05 to the well too many times

[11:44] {Threei} Hitwise: Google has 71.5% of US searches in Jan, Yahoo takes 15.6%, Bing takes 9.4%

[11:49] {Les} s brcm .54

[11:49] {Les} .64

[12:02] {ese} vad....stec 1min chrt what do you think.....shs bit thin

[12:02] {ese} .85 to .90 consolidation

[12:02] {ese} ahhh what the heck sm L ,87

[12:03] {ese} middle of range we'll see what happens

[12:03] {ese} markets heading dn but it's holding it's own

[12:07] {Les} stopped brcm. market sux today

[12:09] {nemo} Les...market is always right, so...who sucks today?

[12:10] {Les} smarmy little people who write commentaries like that

[12:10] {nemo} hehehehe

[12:10] {Les} actually BRCM made 1:1. I didn't take it, wanted more. got greedy. got stupid

[12:11] {nemo} scalp day today

[12:11] {Threei} Les... reread that morning warning again

[12:11] {nemo} lunch too

[12:11] {strider} 'got stupid'? Where do you get 'stupid'? I may need some more of that.......have used most of mine up.

[12:11] {Threei} lol

[12:11] {Les} here, let me share some stupid, stupid

[12:12] {Les} :P

[12:13] {fernp} HAL wotrh a try, Vad?

[12:14] {Threei} only if maret spikes sharply

[12:14] {fernp} .ok

[12:17] {ese} have any of you ever subscibed to any of the squawk boxes of the s&p or nyse to get a sense of buying and selling pressure coming into the mrkt

[12:18] {dino} not i

[12:18] {Threei} horribly annoying ese

[12:18] {ese} me neither

[12:19] {ese} ahhhhhhh in what sense

[12:19] {Threei} irritasting noise

[12:19] {Threei} irritating

[12:20] {ese} thats all it is ........just noise......can't hear bids or sells of any kind?

[12:20] {Threei} the idea is, you are supposed to get a feeling of emotions by the decibel level

[12:20] {Threei} no

[12:20] {ese} that seems useless

[12:20] {Threei} well, not for sellers pf thast service

[12:20] {Threei} very useful for them

[12:21] {ese} indeed

[12:21] {ese} i'm liken the look of the stec 15 chart

[12:22] {ese} 15 min

[12:22] {ese} IBM was thinking about buying this company at one time wern't they

[12:23] {Threei} if SPY breaks 107, let's consider AMSC long

[12:23] {ese} i should have know brcm would do something like it's now doing

[12:23] {Threei} ideally I'd prefer pullback to about .60

[12:23] {fernp} out HAL 1:2

[12:24] {fernp} ty Vad

[12:24] {Threei} breakout is less desirable

[12:24] {Threei} welcome sir

[12:24] {ese} daaaaaaaaa and i took a .05 loss

[12:25] {Threei} on what eseZ?

[12:25] {ese} brcm

[12:26] {ese} in.74 out .69 last trade

[12:26] {Threei} oh

[12:26] {Threei} I don't know why you bothered with it at the moment

[12:26] {Threei} market wass dead

[12:27] {Threei} BRCM is not usually moving without market

[12:27] {ese} i just get krazzzy you know......say that with italian accent

[12:28] {Threei} I can't... my accent is the only one I have

[12:28] {ese} and it's cool too!!

[12:28] {ese} gives me that real worldly sense when i'm talkin to you

[12:29] {Threei} (EU) Italian PM Berlusconi: Not expecting Germany to veto ECB's Draghi as a replacement for the current ECB chief Trichet

[12:29] {Threei} - Note: Reports circulated that Germany's Weber was in contention for the spot as head of the ECB

[12:29] {Threei} (GR) Greek PM Papandreou: Insists that Greece never requested any aid, reiterates will do what is necessary to deal with crisis (related EUR/USD SOVRX BUNDS NBG )

[12:29] {Threei} I have to say, I dpon't think I've ever seen market being this sensitive to what's happening in Europe

[12:30] {Threei} asian crisis, russian crisis, south america crisis... it's all we've seen

[12:30] {ese} thats a good point

[12:30] {Threei} Europe - first on my memory

[12:30] {ese} talking about real world.....i'm 2 real world cents dn in stec

[12:31] {Threei} AMSC never gave us pullback

[12:31] {Threei} not chasing it anywasy

[12:31] {Threei} this stock can punish chasing more cruelly than Spanish inquisitor punishes heretics

[12:31] {larisa} todasy, anywasy.. vad:)

[12:32] {Threei} they really need to move keys further apart Larisa

[12:32] {Threei} or I need to stop typing with my elbows

[12:36] {dino} you need a bigger keyboard vad, like those big button remotes

[12:37] {Les} NTGR returning to 24

[12:45] {Threei} ok guys

[12:45] {Threei} let's decide on the direction

[12:45] {Threei} IMO, we are reversing for the moment

[12:45] {Threei} downtrend is likely for the next little while

[12:46] {Threei} but today everything is discretionary, so if you don't feel it's right, simply stay away

[12:46] {Threei} next couple aslerts will be on a short side

[12:47] {Threei} Short Setup: RIMM .75 break half lot

[12:48] {Threei} high of this bounce will define the stop level, and invalidation is .90 for now

[12:48] {Threei} ok, if you are very stingy, keep .85 break as stop level

[12:50] {strider} not much of a bounce

[12:51] {Threei} I still prefer .90

[12:51] {Threei} and would start trailing it after loss of .70

[12:51] {strider} in .74

[12:54] {Threei} (GR) Reportedly EU will work on further details concerning support for Greece on Monday - unconfirmed report

[12:55] {Les} Are there federal communication laws that restrict us from creating our own rumour business?

[12:56] {Threei} I'd suggest to exploit existing ones by delegating nemo in the Rumor Bunker as our spy

[12:56] {Threei} more cost effective

[12:56] {Les} rumor bunker?

[12:57] {Threei} yes.. one under the Gossip Plaza in Hearsay City

[12:57] {Threei} where all this stuff is being produced

[12:59] {Les} ntgr

[13:00] {Threei} RIMM no worky

[13:00] {Threei} first stop for today

[13:00] {fernp} .stopped RIMM

[13:01] {strider} my 2nd

[13:02] {strider} ihr

[13:03] {Threei} reversal notion is wrong so far

[13:03] {Threei} backing away

[13:06] {Les} averaging in ntgr .90

[13:10] {Threei} short?

[13:10] {fernp} SCO, VAd?

[13:11] {Threei} hmm

[13:11] {Threei} what do you see in there??

[13:12] {fernp} .50 break short

[13:12] {fernp} stop above .60

[13:12] {Threei} 50/50 play

[13:12] {Threei} can work, can fail, roll a dice

[13:12] {fernp} already in

[13:12] {nemo} market going higher

[13:13] {fernp} out here

[13:13] {Threei} good roll then

[13:13] {fernp} :-)

[13:14] {fernp} easier for me to see these plays than your RIMM or X calls :-)

[13:16] {Threei} very slow day

[13:16] {Threei} no rythm

[13:19] {ese} am outta here all see ya tomorrow

[13:20] {Threei} take care ese

[13:20] {Les} ciao

[13:20] {fernp} bye ese

[13:25] {Threei} (US) Fed's Fisher: Monetizing debt would be bad for the economy; Fed should be independent

[13:25] {Threei} - Fed must evaluate unwinding policy

[13:25] {Threei} - Recent Fed policy has helped to revive private credit flow and borrowing; economy is 'slowly clawing' its way back but there are still many roadblocks

[13:26] {Threei} UAUA at it again

[13:27] {Threei} (GR) France and Germany are cooperating on Greece rescue plan - WSJ

[13:27] {Threei} sigh

[13:28] {nemo} market should take off on that

[13:30] {Threei} I guess I am too careful today

[13:34] {strider} .

[13:36] {lasertrev} strider dcc

[13:36] {nemo} nothing giving up their trend lines

[13:37] {Threei} in case anyone cares:

[13:37] {Threei} (VN) Vietnam central bank sets a new reference rate of 18,544 VND/USD; adjusted from 17,941 VND/USD

[13:50] {Threei} once again, same question

[13:51] {Threei} are we reversing here?

[13:51] {nemo} no

[13:52] {nemo} indices come back to the 50 period area an continue

[13:54] {Threei} I want to short FITB

[13:54] {nemo} fas is showing weakness

[13:55] {Threei} MNTA

[13:55] {Threei} Momenta Pharmaceuticals Inc Hearing Rodman & Renshaw positive note being circulated (timing uncertain); reiterates call from Feb 5 Rodman note

[13:55] {Threei} - Rodman expects FDA will soon grant approval for M-Enox and believe the stock could "jump to the $20's" on the approval.

[13:55] {Threei} - note: MNTA is scheduled to report earnings tomorrow before the US open.

[13:55] {Threei} Short Setup: FITB .80 break if stays below .85

[13:56] {Threei} there... 5 cents risk, it doesn't get any safer that that

[13:58] {Threei} gnslng, welcome back

[13:59] {gnslng} ty

[13:59] {Threei} sheesh, I foergot how hard it it to type your nick... couldn't you insert a single vowel in it?

[14:00] {gnslng} i thought I would have the opportunity to change it,, which I would like to

[14:00] {Threei} Wednesday, February 10, 2010 2:00:14 PM

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

[14:00] {Threei} - NYSE volume 560M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - VIX index -4.5% to just under 25.00

[14:00] {Threei} just e-mail admin, he'll take care of it

[14:00] {nemo} aig

[14:02] {Threei} Fed's Fisher: Funds rate target is becoming less effective - Q&A

[14:02] {Threei} uh oh

[14:04] {Threei} - Fed will definately make use of power to offer interest on reserves.

[14:04] {Threei} - Can also sell assets, use term deposits and do reverse repurchase deals

[14:13] {Threei} US) Fed's Fisher: USD will remain world's reserve currency

[14:13] {nemo} this might be the start, if the indices fail at resistance on the 50 ma

[14:14] {Threei} it's time

[14:15] {larisa} told you.. better make snowman

[14:16] {Threei} three problems with that

[14:16] {Les} yeh maybe you could send voice mail next time we have this vad

[14:16] {Threei} a) I am not interested in snowmen, only on snowgirls

[14:16] {Threei} b) there is no snow here

[14:16] {Threei} c) my sluptoring talents are, ummm

[14:16] {Threei} sculpturing

[14:17] {strider} Besides, a snowman requires an extra carrot.

[14:17] {Threei} not much better than my typing

[14:17] {larisa} then your only choice is to watch this market :)

[14:17] {Threei} (IA) IAEA: Iran mentions it will begin production of higher enriched uranium shortly after preparations complete (related GLD XAU/USD USO )

[14:22] {Threei} as if we haven;t heard from Greece today,

[14:22] {Threei} GR) Greece Fin Min: confirmed EU ministers discussed Greece and Juncker will present the common lead at the EU summit

[14:22] {Threei} fiiiinally

[14:22] {fernp} ty

[14:22] {Threei} FITB 1:1 for extreme hard core scaslpers

[14:23] {Threei} Les, that's your type I scalp

[14:23] {Les} ty vad, but I want more

[14:23] {Threei} no problemn, me too

[14:24] {Threei} just wanted to illustrate the point we discussed earlier

[14:24] {Les} understood

[14:24] {Threei} how type I is done - thick slow stock, hugeliquidity, big shares, smallish move

[14:25] {Les} half out. watching 200 ma as potential reversal point at .69

[14:26] {Threei} thank you Les, my retirement is one step closer

[14:26] {Les} you call this a job?

[14:26] {Les} aren't you retired already?

[14:27] {Threei} I have to wake uop when market opens, not when I feel like it, ain't I?

[14:27] {Les} no, but we are always appreciative of your presence :)

[14:28] {Threei} yeah yeah

[14:28] {Threei} that's why nemo greets me each morning with "oh no, not again... opps, err, good morning"

[14:29] {nemo} now, you're making things up

[14:29] {nemo} that's what I think when les logs in

[14:29] {Threei} of course I do... that's how I underatnd fun

[14:29] {Threei} granted, poor understanding

[14:29] {Threei} but what can I do, my sense of humor got frozen at 14 years old level

[14:30] {Threei} people drop in cake face first, I am laughing... cake happens to lie in the puddle, I am hysterical

[14:31] {Les} I can see why you had to Ukraine mafia Vad. Perhaps not most compatible personality type

[14:31] {Threei} yes, that must be it

[14:31] {Les} had to flee Ukrainian mafia

[14:32] {Threei} what the deuce with AIG today

[14:32] {Les} all out .71 fitb

[14:32] {Threei} half out .70 here

[14:33] {Threei} bidding second half .64

[14:33] {Les} crap

[14:33] {Threei} stop b/e

[14:37] {Les} bye bye ntgr

[14:38] {Threei} excuse me:

[14:38] {Threei} TCY.UK Certain 3i Group units considering sale of some ownership in Telecity

[14:38] {Threei} hmmm

[14:38] {Les} out ntgr +.20

[14:38] {Threei} wtg

[14:38] {Threei} things clear up Les, eh?

[14:39] {Les} I broke some of your rules on ntgr

[14:39] {Les} got stopped out on the squeeze with strider this morning

[14:40] {nemo} aig bolted again

[14:40] {Les} didn't take the stop second time after shorting at 11:10

[14:41] {Les} too me it was a weak SOB and I waited for it to come back to me

[14:41] {Les} not a regular trade of mine but did it on this occasion

[14:41] {Threei} I would slap you with frozen trout but I am currently very busy with this:

[14:41] {Threei} 3i group also exploring bidding for some assets being sold by the UK Govt in efforts to trim debt

[14:45] {Threei} here her fitty... 1 cent more

[14:46] {Threei} (US) Treasury Sec Geithner: Access to credit is improving

[14:46] {Threei} whose? geithner's?

[14:46] {Threei} (GR) Spain PM Zapatero: Eurozone most assist Greece

[14:46] {Threei} yeah yeah

[14:47] {Les} ntgr

[14:48] {Les} wrong screen

[14:52] {Threei} (US) Treasury Sec Geithner: Access to credit is improving, cost of loans has fallen sharply, plenty of work remains to be done

[14:52] {Threei} - If Congress passes Obama Administration bank fee plan, ultimate cost of bailouts will be zero

[14:52] {nemo} yeah, right

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

[14:52] {Threei} what about GM?

[14:52] {Threei} Chrysler?

[14:53] {Threei} GOOG Iranian govt announces it will shut down g-mail, plan to initiate national e-mail service - WSJ

[14:57] {dino} fnm, fre

[14:58] {Threei} nop way

[14:58] {Threei} not that crap

[14:59] {dino} no, i was saying zero cost is bs, fnm, fre are hundrerds of billions

[14:59] {Threei} oh

[14:59] {Threei} whew

[14:59] {Threei} I thought you suggest to look at the stocks

06[15:00] * nemo slaps dino around a bit with a large trout

[15:00] {Threei} prepared to call nearest institution to ask them to check up on you

[15:00] {dino} lol

[15:01] {larisa} nearest to dino or you? :)

[15:02] {nemo} Three Mile Island

[15:02] {Threei} to me of course Larisa, it's snowing where he is

[15:02] {nemo} actually raining near boston

[15:04] {Threei} AOL Announces integration of instant messenger with Facebook Chat (related EBAY GOOG )

[15:18] {fernp} SLE ending on highs

[15:20] {Threei} so far, not very active but profitable day

[15:20] {Threei} in a big sceme of things, flat day with decreasing volume

[15:22] {Threei} staying ratjer close to yesterday's lows

[15:22] {Threei} indicates mostly indecisiveness with sliiiight negative bias

[15:29] {Threei} am I the last one not to fall asleep?

[15:30] {billyc} thanks for the calls i had a good day see you in the am

[15:30] {Threei} take care billy :)

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 725M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[15:40] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; decliners lead advancers by 1.1:1.

[15:40] {Threei} - VIX index -3.25% to just over 25.00

[15:43] {nemo} aig is back in play

[15:43] {strider} The wind got my cable connection here.

[15:43] {strider} Using DSL backup :)

[15:43] {Threei} wow really?

[15:43] {strider} yep

[15:44] {Les} that's being prepared

[15:44] {strider} I've had more trouble with cable than you'd ever have the patience to listen to.

[15:45] {strider} Of course they're both above ground lines, so the DSL could go too.

[15:45] {Les} I remember blackouts in Australia. But here everything is buried. Can't remember the last time I had power failure or lost connection

[15:46] {strider} Come to the USA.....we're still in the 19th century.....but.....

[15:46] {strider} we have guns!

[15:46] {nemo} I was just going to say that

[15:46] {Les} you'd be surprised how well armed swiss citizens are

[15:46] {strider} So, when cable goes out.......nemo can shoot the tv.

[15:46] {strider} No, I wouldn't.....I know about the swiss.

[15:47] {larisa} he has postal worker list :)

[15:47] {strider} But I also know that you can't carry them with you, on a daily basis.

[15:47] {nemo} Yeah, you're part of the militia

[15:47] {strider} They have to stay in the closet.

[15:47] {nemo} kinda' like you les

[15:47] {Les} don't ask, don't tell

[15:47] {nemo} hehehehe

[15:47] {larisa} lol

[15:48] {Threei} lol

[15:48] {larisa} les how old are you?

[15:48] {Les} oooooooooooh

[15:48] {Les} now we're getting personal

[15:48] {larisa} we are

[15:48] {Les} 35

06[15:48] * nemo slaps Les around a bit with a large trout

[15:48] {strider} he's an infant.

[15:48] {Les} no I'm not

[15:48] {larisa} I thought 25

[15:48] {Les} you are old

[15:49] {strider} but then, so are you, larisa.

[15:49] {nemo} mentally?

[15:49] {strider} not larisa.

[15:49] {Threei} that's nothing Les... dptl once asked me about size of my monitor - THAT was personal

[15:49] {strider} maybe les.

[15:49] {Les} lol

[15:49] {strider} your lizard?

[15:49] {nemo} he uses a magnifying screen too

[15:49] {Les} monitor translates differently in ukrainian?

[15:51] {Threei} no... I just interpret things in their most gutter-bound meaning

[15:51] {nemo} consistent about it though

[15:52] {Les} oh you must be the life of the party in the Bahamas hey!

[15:52] {Threei} well, just ask those who attended the boat about the Russian way to drink Bahama-mama

[15:53] {larisa} not all Russians are like that

[15:53] {Les} that cocktail of liquor you were drinking would make me vomit

[15:53] {nemo} frickin' sheila

[15:53] {Threei} I wasn't drinking cocktail

[15:53] {Les} you russian Larisa?

[15:53] {Threei} I was drinking rum

[15:53] {Threei} cocktail I used to wash rum down with

[15:53] {nemo} bears defecate in the woods les?

[15:54] {larisa} I am, and I do not drink

[15:54] {nemo} now that's an oxymoron

06[15:54] * larisa slaps nemo around a bit with a large trout

[15:54] {Les} ah so you are that intelligent charming trader Vad was referring to in MPP

[15:54] {strider} nno, nemo. You're an oxy moron.

[15:55] {larisa} no les. I am bot charming or that other word

[15:55] {nemo} strider...that sucked

[15:55] {Les} don't think he said charming. I just made that up

[15:55] {larisa} bot=not

[15:55] {strider} You leave that darling russian girl alone.

[15:55] {nemo} bot=bought=shopping=woman=Larisa

[15:55] {larisa} ty strider

[15:56] {Threei} asylum

[15:56] {Les} that's what the casual readers will think

[15:56] {nemo} rather accurately

[15:56] {Les} you won't see a new client in years at this rate

[15:56] {Threei} closer to rtetirement then

[15:57] {strider} He'll get all the russian women, though. Which is his goal.

[15:57] {Threei} The euro cannot survive if the national interests of EU countries are to prevail, says Simon Heffer

[15:58] {Les} they should of thought of that before introducing euro then

[15:58] {dino} gn all, have o shovel

[15:58] {strider} All for one, and one for...uh....one.

[15:58] {dino} to

[15:59] {Threei} thank you sll

[15:59] {larisa} we have 8 inches too dino. if it makes you feel better :)

[15:59] {Threei} all

[15:59] {Threei} have a good evening, see you later

[15:59] {larisa} bye all :)

[15:59] {strider} :)

[15:59] {Les} ciao

[15:59] {fernp} Good evening everybody. see u all tomorrow

[16:00] {nemo} ahhh...the one sane gentleman in the bunch

[16:00] {larisa} vad, do not forget to clean out this part of log :)

[16:00] {nemo} what...the last 2 hours?

[16:01] {strider} Just clean out Massachussetts, and the problem will be solved.

[16:01] {larisa} lol

[16:01] {nemo} come and get me :)

[16:01] {Threei} hmm

[16:01] {Threei} which part?

[16:01] {strider} I'll send my 'people'.

[16:01] {strider} I have 'people' you know.

[16:01] {nemo} Doesn't everybody

[16:02] {Raven} unbelievable

[16:02] {nemo} frickin' mynah

[16:02] {Threei} lol

[16:02] {larisa} 15:45 and later. delete that

[16:02] {Raven} goddamn zoo

[16:02] {strider} Boston accent.

[16:02] {strider} minah.

[16:02] {Threei} why... it's psrt of our charm, Larisa

[16:02] {Raven} myna

[16:02] {nemo} bird dude

[16:02] {larisa} it is not professional silly

[16:03] {Threei} let me see if I care

[16:03] {Threei} nope... I don't

[16:08] {Threei} PRU Reports Q4 $1.07 v $1.11e, R$6.79B v $6.9Be

[16:08] {Threei} not good

[16:08] {Threei} HIG

[16:09] {Threei} maybe a follower to PRU

[16:09] {nemo} holding so far

[16:12] {nemo} much ado about nothing much

[16:13] {nemo} bad sell, that guy at 22.94 those 50k shares of HIG

[16:13] {nemo} Vad

[16:14] {Threei} hmm?

[16:14] {nemo} just kidding

[16:15] {nemo} insurance companies should be interesting tomorrow

[16:15] {Threei} MET sold down a bit too

Feb 09 2010

One regret of today is a missed long UAUA trade - stock never gave pullback, and we didn't want to chase. Other than that things worked fine - couple stops didn't spoil the day with wins on VXX, X, TM etc.

Session Time: Tue Feb 09 00:00:00 2010

[07:58] {Threei} (RU) Russia Army Chief of Staff: Believes US missile defenses are directed at Russia (not Iran) (related EUR/RUB USD/RUB RSX )

[08:00] {Threei} February 08, 2010 11:20:25 PM

[08:00] {Threei} Toyota Motor Corp Confirms filing of recall of Prius cars in Japan due to braking system; To recall 223K units in Japan, including 200K Prius models

[08:00] {Threei} - The recall relates to 4 models (Prius, Sai, Lexus HS250h and Prius Plug-in Hybrid)

[08:00] {Threei} - The recall will begin on Feb 10.

[08:00] {Threei} - To recall about 150K of 2010 Prius, other hybrids in North America.

[08:00] {Threei} - Confirms that it will suspend sales of the Sai and Lexus HS250h models by late Feb/early March until a fix is ready.

[08:00] {Threei} **Note: On yesterday's session, it was reported that Toyota would recall at least 300K Prius vehicles around the world.

[08:19] {strider} Laser connection lost. Anybody else?

[08:19] {Threei} fine here

[08:20] {nemo} sure it's not a psychological break from reality strider?

[08:26] {Threei} (EU) France Fin Min Lagarde: confident that Greece will achieve its fiscal plan

[08:26] {Threei} - Notes EU exporters can only be pleased with the recent strength of the USD (related EUR/USD EUR/GBP BUNDS SOVRX NBG )

[08:33] {Threei} SQNM Licenses Worldwide Rights to Develop Age-Related Macular Degeneration Diagnostic Test

[08:33] {Threei} Aastrom Biosciences, Inc Announces one-for-eight stock split

[08:33] {Threei} - board of directors has approved a one-for-eight reverse stock split of the company's common stock effective on February 18, 2010.

[08:33] {Threei} ASTM

[08:41] {Threei} ESLR CEO: In a good position to begin shipping products this summer from plant in China - conf call comments (related TAN )

[08:41] {Threei} heh

[08:41] {nemo} eslr

[08:41] {nemo} oh boy

[08:42] {nemo} yipee

[08:42] {Threei} wasn't ESLR promoted as one of few companies keeping production base in USA

[08:42] {nemo} yeah, plants here in MA. Tax breaks...yada yada yada

[08:44] {Threei} I assume TM is happy becauswe thwe size of new recalls in 6 figures, not in 7 anymore

[08:44] {Threei} so when it runs out of cars to recall, it'll shoot up to above 100

[08:58] {fernp} Good morning eberybody

[09:00] {Threei} fern :)

[09:01] {nemo} fern :)

[09:04] {Threei} OSIS OSI Systems Advanced Body Scanners to Be Deployed at Heathrow and Manchester International Airports in the United Kingdom (update)

[09:05] {Threei} which reminds me... ICXR

[09:05] {Threei} ICXT

[09:05] {Threei} look at daily

[09:05] {Threei} retreated back into solid support

[09:05] {Threei} volume all but disappeared

[09:06] {nemo} yeah, but that's a Dino volume stock

[09:06] {Threei} it's not a buy per se,

[09:07] {Threei} it's something to keep in kind for the next scare

[09:07] {Threei} being near support and being a runner on those alerts, it's a good trading candidate

[09:08] {Threei} alternatively, if nothing happens oin the news and it continues doing nothing, watch for BBs to contract

[09:08] {Threei} as of now, they are too wide, not a time for a stock to do something meaniongful

[09:11] {Threei} (IT) Reportedly an Italian official says embassy in Tehran, Iran has been "attacked" - Italian press

[09:11] {Threei} EU) EU's Almunia: Greece is a concern for the entire Euro area

[09:11] {Threei} you don't say

[09:11] {ese} good morning

[09:11] {Threei} ese :)

[09:11] {ese} hey vad

[09:12] {nemo} Iran's attacking the guineas...oh jeez

[09:12] {Les} enough of those storm clouds Vad. Let's hear something nice

[09:12] {Les} GM

[09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore

[09:12] {nemo} O.K. name this tune...

[09:12] {Threei} Les :)

[09:12] {nemo} "Always look on the briiiiiighhhht side of life...da doo da dooo"

[09:13] {Les} Alanis Morriset?

[09:13] {Les} :D

06[09:13] * nemo slaps Les around a bit with a large copy of Monty Python's

[09:13] {nemo} ...Life of Brian

[09:13] {Les} duh

[09:14] {nemo} duh...as in you know...or how could you be so....

[09:14] {Les} lol

[09:14] {Les} one of my earliest recollections of any film - LIfe of Brian. I can remember quite a few lines as well

[09:15] {nemo} Are you the Judean's Peoples Front?

[09:16] {larisa} gm

[09:16] {nemo} hi lari

[09:17] {larisa} nemo, vad :)

[09:17] {Threei} larisa :)

[09:17] {Les} no, the Judean popular peoples front

[09:17] {Les} hi larisa

[09:17] {larisa} les :)

[09:18] {Les} so off all that important sounding news that was released this morning vad, what are you following?

[09:19] {Threei} news wise, things are very slow this morning

[09:19] {dino} gm all

[09:19] {Threei} so usual suspects only

[09:19] {Threei} dino :)

[09:22] {strider} morning everyone.:)

[09:23] {Threei} strider :)

[09:25] {Les} hey strider, dino

[09:26] {strider} les, eye of three....

[09:26] {Les} TCK shows decent results. with baltic falling I'd be interested to follow for distribution

[09:27] {lasertrev} morning

[09:27] {strider} morning trev....dcc please

[09:29] {Threei} trev :)

[09:30] {billyc} gm everyone

[09:30] {Threei} billy :)

[09:30] {Les} hi billy

[09:30] {fernp} hello billy

[09:34] {strider} .

[09:35] {Threei} Long Setup: TM .60 half lot

[09:35] {Threei} srop under .40

[09:38] {Threei} keep an eye on UAUA for long entry on pullback

[09:38] {Les} aa

[09:40] {Threei} TM is ready

[09:40] {Les} l AA .41

[09:41] {Threei} UAUA just won't pull back

[09:42] {nemo} rimm

[09:42] {nemo} wow

[09:42] {Threei} no kidding

[09:42] {Threei} wow is right

[09:43] {Threei} I guess MSFT is not buying them after all

[09:43] {Les} rumour about microsoft has been refuted?

[09:43] {Threei} CBAK Guides FY10 R$270M v $241Me - slide presentation

[09:45] {Threei} (US) White House Econ Adviser Summers: Stimulus has already helped the US economic recovery; comments that "we still have a long way to go- CNBC

[09:46] {Threei} but of course

[09:46] {Threei} TM 1:1

[09:48] {Threei} COIN Discloses Home Depot has re-ordered products for 2010

[09:49] {Les} took it at .75 ty. lot of big offers at .79/.80 (a bird in the hand...)

[09:50] {nemo} frickin' can't get the 1:1 on TM

[09:51] {Les} aa b/d

[09:52] {Threei} nemo?

[09:52] {nemo} phewww

[09:52] {nemo} just got it

[09:52] {nemo} didn't get it on the first pass

[09:52] {Threei} ok

[09:52] {nemo} where stop, b/e?

[09:52] {Threei} sometimes, especially with volatile ones there is no need to be that literal

[09:52] {Threei} they tend to trade in "zones" rather than exact numbers

[09:53] {Threei} so why not sacrifice a cent or two

[09:53] {Threei} tes

[09:53] {Threei} yes

[09:53] {nemo} greed

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

[09:53] {nemo} actually, got very nice support at .75 now

[09:53] {Threei} way too close to this stock

[09:54] {Threei} easy to get shaken out

[09:55] {Threei} UAUA is irritating

[09:56] {Threei} trail TM under .70 now

[09:56] {Threei} almost 1:2

[09:56] {Threei} feel free to exit as you see fit

[09:57] {nemo} see if I can get .98

[09:59] {fernp} T breakdown, Vad?

[09:59] {Threei} if you are OK with a very slow trade

[10:00] {Threei} (US) Feb IBD/TIPP Economic Optimism: 46.8 v 48.8 prior

[10:00] {Threei} US) DEC WHOLESALE INVENTORIES: 0.8% V 0.5%E

[10:01] {Les} wfc weak

[10:01] {nemo} out .98 ty

[10:02] {nemo} 75 break could be a new long looking at volume there

[10:02] {nemo} xcuse me...offers

[10:03] {Threei} ugh

[10:03] {Threei} was watching VXX .35 trigger

[10:03] {Threei} and hesitated

[10:05] {Threei} let's see if we can get it on pullback

[10:06] {nemo} tm broke 75 this coul be serious today

[10:08] {Threei} UAUA knows no limits today

[10:09] {nemo} why they up...news?

[10:09] {Les} JAL decided to remain with them. didn't think it that joyous a piece of news

[10:09] {Threei} just load factor yesterday...

[10:09] {Threei} npot bad but nothing of such significance

[10:12] {Les} l TM .11 small shares

[10:12] {Les} daytrade

[10:13] {Threei} Long Setup: AET .15 if stays above .10

[10:13] {Threei} semiaggressive entrey for .20 break

[10:14] {Threei} invalidated

[10:17] {Les} aa .45 b/o?

[10:17] {Les} of .50 hod?

[10:17] {Threei} probably

[10:18] {Threei} X eploded, AA follows

[10:19] {dino} snda sm l .80

[10:20] {dino} jst sm l .80

[10:20] {Threei} (EU) EU bailout a possibilty but not a certainty

[10:20] {Les} what?

[10:21] {Threei} shrug

[10:21] {Les} what happened to absolutely not!

[10:21] {Threei} details to follow

[10:21] {Les} friggin politicians

[10:21] {Threei} X

[10:21] {Threei} pullback on decreasing volume

[10:21] {fernp} FITB, Vad?

[10:22] {Threei} 46 is closest support

[10:22] {Threei} way too narrow for this market fern

[10:22] {fernp} ok

[10:23] {Threei} (GR) Fitch: EU bailout a possibility but not a certainty; the probability of a bailout is not high enough to warrant a change in ratings

[10:23] {Threei} Long Setup: X .10 break

[10:23] {Threei} half lot

[10:24] {Threei} stop is painfully obvious

[10:24] {Les} out TM +.30

[10:24] {Threei} wtg

[10:25] {dino} gj

[10:26] {Threei} no go X

[10:27] {Threei} 2 cents shy of 1:1

[10:27] {Les} market dunno what it wants to do this morning

[10:27] {Threei} often happens after big gap

[10:29] {Les} ok

[10:30] {nemo} TM likely to keep going

[10:30] {Threei} unless it starts recalling corollas from 1985

[10:30] {fernp} lol

[10:31] {nemo} hehehe

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

[10:31] {Threei} - NYSE volume 220M shares, about 11% below its three-month average; advancers lead decliners by 6.5:1.

[10:31] {Threei} - NASDAQ volume 465M shares, about 8% below its three-month average; advancers lead decliners by 3.2:1.

[10:31] {Threei} - VIX index -3.5% to just over 25.50

[10:34] {strider} AA breakdown

[10:34] {strider} ?

[10:34] {Threei} ECB drains 270.6B in fine tuning operation

[10:34] {Threei} AA is hardly tradeable here unless you are doing huge shares for a few cents

[10:35] {dino} snda stopped

[10:35] {Threei} Long Setup: VXX .22 break

[10:35] {Threei} .10 support

[10:36] {dino} guess who's on tv

[10:36] {Threei} uhhu

[10:36] {dino} and down we go

[10:36] {nemo} damn

[10:36] {Les} Laura Linney

[10:36] {Threei} Short Setup: X half lot .85

[10:36] {Threei} if syas under 46

[10:38] {dino} rino sm l .00

[10:39] {Threei} VXX 1:1

[10:39] {Les} ty

[10:40] {Threei} 1:2

[10:40] {Threei} out

[10:41] {dino} sm thin, l .83 thff

[10:41] {Threei} see why I am not jazzed about AA?

[10:41] {Threei} how do you prtofit from that unless you plkay 10K shares for 5 cents

[10:42] {Threei} and on related note, how do you type like that unless you use your elbows

[10:42] {Les} yeh I've been screwed on it once play type 2 today. but don't like X either

[10:42] {Threei} X somewhat on discretionary side since it violated resistance by couple cents

[10:43] {Threei} but who took it, feel free to cover

[10:43] {dino} i shorted it

[10:43] {Threei} double bottom is a threat here

[10:43] {nemo} yeah, but never broke downtren

[10:43] {Threei} why do I always undestimate VXX potential

[10:43] {nemo} your a scalper

[10:44] {Les} it is a powerful mover

[10:44] {Threei} Hearing Credit Suisse making cautious comments on solar sector; citing prospects for better solar incentives outcome in Germany (timing uncertain)

[10:44] {Threei} - cite German reports that tariffs adopted by Germany may be less impactful than the original removal of 15% incentives scheduled from April 1; expecting now to take place in June

[10:44] {strider} TM broke

[10:44] {dino} cov x .55, +.30 ty 3i

[10:44] {Threei} welcome sir

[10:45] {Threei} look at VXX

[10:45] {Threei} and I do have this "it's just a bounce" feeling

[10:45] {Threei} someone needs to send me about 50 pounds of patience

[10:46] {nemo} stop drinking coffeee

[10:46] {Les} just a bounce in vxx or the market?

[10:46] {Threei} no, market

[10:46] {Threei} which means VXX is a long play according to this conviction

[10:46] {Les} cool

[10:47] {Threei} ok, so far so good

[10:47] {Threei} we milked TM, VXX,

[10:47] {Threei} took a stop on X long, compensated it by X short

[10:47] {Threei} but that missed UAUA leaves a gap in my wounded soul

[10:48] {larisa} how do you play VXX? I looked at its formula, it is scary :) you simplify it and connect to VIX?

[10:48] {Threei} ashes of missed trade knock in my heart

[10:48] {Les} no that'd be the vodka

[10:48] {Threei} I simplify it even more Larisa

[10:48] {Threei} I treat it as opposite to the general market

[10:48] {Les} we long vxx .82

[10:48] {Les} ?

[10:49] {larisa} thats huge simplfying :)

[10:49] {nemo} l rimm .40

[10:49] {Threei} it is if we talk about formula

[10:49] {Threei} but from lractical standpoint, compare charts

[10:49] {Threei} no Les

[10:49] {dino} les is more in this market larisa, imo

[10:49] {dino} bi-polar

[10:49] {Threei} we want market bounce and accordingly VXX pullback

[10:51] {larisa} I want to be simple guy like vad :)

[10:51] {Threei} it's easy

[10:52] {Threei} well... becoming a guy may not be that easy in your particular case

[10:52] {nemo} 1/2 out rimm

[10:52] {nemo} stop to .40

[10:53] {Threei} (US) Fed Chair Bernanke's testimony to the House Panel is postponed due to weather

[10:53] {Threei} video conferencing folks - ever heard of internet?

[10:53] {Les} Could we stop with the Les jokes please. I just spent 10 minutes decrypting dino's joke

[10:54] {larisa} lol

[10:54] {Threei} ask Al Gore for help - he will explain you both, climate change and internet

[10:54] {Threei} lol Les

[10:54] {strider} why, did he invent climate change?

[10:54] {Threei} he sure did

[10:55] {strider} you may be right.

[10:55] {Threei} 5-10 cents more VXX,

[10:55] {Threei} and should be ready

[10:55] {Threei} he also invented truth and inconvenience, strider

[10:55] {Threei} he is very proilific inventor

[10:56] {strider} you looking for long on pullback, VXX?

[10:56] {Threei} yes

[10:56] {Threei} I want something like .45

[10:56] {dino} not a joke really les, typo, should have been less

[10:56] {dino} just agreeing w/vad

[10:56] {larisa} why? you should agree with me :)

[10:57] {dino} always

[10:57] {larisa} ty

[10:57] {dino} fsys strong

[10:57] {Les} all in good humour dino :)

[10:57] {Les} just don't bloody do it again

[10:58] {dino} :)

[10:59] {nemo} stopped rimm

[10:59] {Les} right. market at 200 ma

[10:59] {Threei} .60 was it VXX

[10:59] {Les} lets see a bounce here

[10:59] {strider} TM bounce?

[11:00] {Threei} off .40 - .50 I'd feel much better about it

[11:01] {larisa} HIG beats and sells like that?

[11:01] {larisa} oh they warned

[11:02] {dino} rino stopped

[11:02] {Threei} yeah guidance is questionable

[11:03] {Les} hig bounce here?

[11:03] {Threei} I doubt it

[11:05] {Threei} (IT) Italy Economic Development Min Scajola: not considering providing incentives for car makers (related F.IT EWI )

[11:08] {Les} HIG 22 b/d

[11:09] {Threei} TM

[11:09] {Threei} long red candle

[11:10] {Threei} will be ready for bounce very soon

[11:10] {nemo} .24

[11:11] {Threei} .50 break, half lot

[11:13] {dino} fsys gives all back

[11:13] {Threei} invalidated TM

[11:14] {nemo} bounced at .25

[11:14] {nemo} I was wrong

06[11:14] * nemo {===jerk

[11:15] {strider} HIG

[11:15] {Les} hig waiting for order to jump from market

[11:15] {larisa} it is trying to break downtrend

[11:16] {Threei} Pennslyvannia governor's office issues press release on tax proposals: plans to "join the ranks of states that tax natural gas extraction and tobacco products" (related MO RAI )

[11:17] {dino} fsys sm l .33

[11:19] {dino} frickin' pa

[11:19] {nemo} they all rationalize that "everybody else is doing it"

[11:19] {dino} going to slow down the development of it

[11:22] {dino} stopped fsys, i pretty much suck today. taking break

[11:23] {nemo} well, we'll move you to 9th in the batting order

[11:23] {dino} lol

[11:23] {dino} bench me coach

[11:23] {nemo} nah

[11:23] {nemo} gotta' work your way out of it

[11:23] {ese} .

[11:24] {nemo} Did we give up when the Germans bombed Pearl Harbor

[11:24] {Les} contradiction Nemo

[11:24] {dino} heck no

[11:24] {nemo} what Les

[11:24] {Les} Germans bombed pearl harbour`?

[11:24] {nemo} methinks thou art about to exhibit ignorance

[11:24] {nemo} yep...

[11:24] {magoo} did general custard yell retreat???

[11:24] {nemo} You obviously did not see the movie "Animal House"

[11:25] {nemo} no culture Les

[11:25] {Les} not the one after fish called wanda?

[11:26] {nemo} http://www.imdb.com/find?s=all&q=animal+house

06[11:26] * nemo slaps Les around a bit with a large trout

[11:27] {nemo} frickin' Phillistine

[11:28] {Les} ah that teenage male puke sort of movie. Ok I haven't seen it.

[11:28] {nemo} right up your alley...I can tell

[11:32] {Threei} TM

[11:32] {Threei} .50 break half lot

[11:32] {Threei} if stays above .35

[11:33] {Threei} not a scalp

[11:34] {nemo} partial?

[11:34] {Threei} yeah

[11:36] {Threei} stop to under .45

[11:36] {Threei} no idea what caused this market spike

[11:37] {Threei} let's protect the play tightly here

[11:38] {nemo} 1/2 out .66

[11:38] {Threei} half out

[11:38] {Threei} held by the fingertips eh

[11:39] {Threei} precision is amazing

[11:39] {nemo} yeah, hair gray already

[11:39] {Les} *whispers* papa Nemo

[11:40] {nemo} out

[11:40] {nemo} .71

[11:40] {Threei} les.. careful I suspect he sold only to free his hands to deal with you

[11:40] {nemo} I'm more like the gray legions type

[11:40] {nemo} actually those two shooting stars at resistance

[11:41] {nemo} ty Vad

[11:41] {Threei} TM doesn't care about shooting stars, hanging men or ichimoku clouds

[11:41] {Threei} 1:2

[11:41] {Threei} I am out

[11:41] {Threei} welcome

[11:41] {nemo} you got .04 more than me!

[11:42] {Threei} (GR) EU has reportedly agreed in principle to assist Greece- unconfirmed report

[11:42] {dino} that fsys is one screwed up stock

[11:42] {nemo} what, send them crowbars?

[11:42] {Threei} that should kill Euro, prop greenbuck and kill the market

[11:42] {Threei} BSDM Reports Initiation of a Phase III Study on Pancreatic Cancer Using the BSD-2000 Hyperthermia System in Combination with Chemotherapy

[11:42] {dino} no that should help the euro, hurt dollar

[11:43] {Les} now. debt being monetized now in europe if this is the case

[11:43] {larisa} yes, dino, put FSYS on my screen after you mentioned it couple weeks ago, then just wiped it off :)

[11:43] {Les} no, not now.

[11:43] {nemo} amazing, market way up but feels like a down day

[11:43] {Les} Italy is looking cheaper for next summer

[11:44] {dino} i may do the same larisa

[11:44] {Threei} gap nemo...

[11:44] {nemo} Visit my relatives in Palermo, I'll let them know your coming...special welcome

[11:44] {Threei} on intraday basis it went down

[11:44] {nemo} yeah Vad

[11:45] {Threei} (GR) EU's Rehn: EU can support Greece "in the broad sense of the word," Greece needs to take "necessary measures" to get aid - interview

[11:45] {Threei} - Expects "discussions and decisions" over next few days

[11:45] {nemo} rimm looking real weak

[11:45] {fernp} you see any news, Vad? QQQQ and SPY hod

[11:46] {Threei} no, other than all this noise coming from EU

[11:50] {Threei} there are conflicting streams of thoughts

[11:50] {Threei} one is:

[11:51] {Threei} this is another bailout diluting Euro, thgus propping USD

[11:51] {nemo} It's the US telling them to do it so we can have another QE

[11:51] {Threei} another is: without it Euro itself is on the verge of dissolution, so this will help Euro

[11:52] {Threei} make your pick... :)

[11:52] {Threei} in my very humble opinion in which I believe firmly, Euro is toast in any case

[11:53] {nemo} outa' curiosity what are the CNBC boneheads saying about today

[11:53] {Threei} [09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore

[11:53] {larisa} will we have dollar?

[11:53] {nemo} yes

[11:53] {Threei} yes

[11:54] {larisa} nah :) yuan all the way

[11:54] {Threei} we will also have mongol tougrick... buit for whole other reason

[11:55] {nemo} rimm at trend line

[11:56] {nemo} amzn DT

[11:56] {dino} dollar for long time, euro toast in 5 years

[11:56] {nemo} all dead in 2012

[11:56] {dino} good point

[11:56] {nemo} 21st December

[11:57] {nemo} 8:04 pm

[11:57] {nemo} eastern standard time

[11:57] {Threei} 5 maybe a bit roo soon... but 10 is safe bet

[11:58] {Les} or Europe could finally come together to create harmonious workers paradise where interest rates are communally decided and credit is shared between all

[11:59] {Les} was thinking of this video from last australian election: http://www.youtube.com/watch?v=ptccZze7VxQ

[11:59] {Threei} I am about to cry

[12:00] {nemo} get a grip

[12:00] {nemo} opposable thumb thing

[12:03] {nemo} http://www.thesmokinggun.com/archive/years/2010/0209101snow1.html

[12:03] {Threei} Market Internals update at 12:00pmET

[12:03] {Threei} - NYSE volume 490M shares, about 12% above its three-month average; advancers lead decliners by 4.9:1.

[12:03] {Threei} - NASDAQ volume 990M shares, about 6% above its three-month average; advancers lead decliners by 2.2:1.

[12:03] {Threei} - VIX index -3% to just over 25.50

[12:03] {nemo} tm

[12:07] {Les} future murderers if ever I saw such a mug shot Nemo. Lock em up

[12:07] {nemo} Yeah...what was that movie...oh yeah...Minority Report

[12:08] {Threei} nice call on HIG reversal

[12:09] {Threei} [11:15] {Les} hig waiting for order to jump from market

[12:09] {Threei} [11:15] {larisa} it is trying to break downtrend

[12:09] {Threei} next time just tell us where to enter, you two

[12:10] {larisa} 11:15 would work :)

[12:10] {Threei} of course... silly me

[12:11] {Threei} (SZ) SNB's Jordan: Foreign tax pressures are not hurting the stability of Switzerland's financial position at the moment - paper

[12:11] {Threei} - highlights that the Swiss must obey the US tax agreement with or without any UBS circumstance

[12:12] {Les} We'll see who comes out best in banking 5 years from now

[12:12] {Threei} US Rep Boehner (R): May appoint some Republicans to the Budget commission authorized by Pres Obama

[12:12] {Threei} Mongolia Les

[12:13] {Les} lol

[12:13] {Threei} tougrick will prove itself to be the most resilient currency in the world

[12:13] {Les} yeh backed by horse dung

[12:13] {Threei} think of it:

[12:13] {Threei} no one cares about it enough to buy or sell it

[12:14] {Threei} stability guaranteed by indifference

[12:15] {nemo} manure is quite valuable in farming

[12:15] {Threei} see? currency supported by both manure and indifference

[12:15] {Threei} what could be better?

[12:16] {Threei} and now for the idiot hour:

[12:16] {Threei} (US) White House's Summers: Worries about doing "too little" for the US economy

[12:19] {Threei} US Rep Boehner (R): It's time to "scrap" the health care bill

[12:29] {Threei} MET

[12:29] {Threei} MetLife Inc Reportedly considering using $8B in stock in deal to acquire AIG's American Life Insurance Company (ALICO) unit

[12:29] {Threei} ***Reminder: Back on 2/2 MetLife stated it was holding discussions with AIG about acquiring its subsidiary, American Life Insurance Company (ALICO), an international life insurance company. No agreement has been reached and there are no assurances that an agreement will be reached.

[12:29] {Threei} crap

[12:30] {nemo} missed, huh?

[12:30] {Threei} yeah...

[12:31] {Threei} news is fresh

[12:31] {Threei} I didn't miss it

[12:31] {Threei} stock moved before wire posted it

[12:31] {Threei} (GR) Portugal Finance Min: Has "no doubt" that the EU will assist Greece

[12:32] {nemo} yeah, but will it be euthanizing assistance

[12:32] {Threei} MET shot right back

[12:32] {nemo} you play it?

[12:32] {nemo} Magoo di

[12:32] {nemo} did

[12:32] {Threei} no

[12:33] {Threei} scalped AIG

[12:33] {Threei} scary as taking shotgun from magoo

[12:37] {larisa} off .20?

[12:38] {Threei} .38 - .57

[12:38] {larisa} wow

[12:39] {larisa} i mean gj

[12:40] {Threei} yeah yeah

[12:41] {Threei} "wow, aren';t you stupid... oops, hope I didn't say it out loud - no I didn't, whew - gj!"

[12:41] {Threei} there, train of thoughts as I guess it {G}

[12:41] {larisa} no thoughts here

[12:41] {Threei} *(GR) GERMAN GOVT SPOKESMAN: REPORTS ABOUT AID TO GREECE ARE UNFOUNDED

[12:41] {Les} wow

[12:42] {larisa} market is just crazy

[12:42] {nemo} quick vxx

[12:42] {Les} but $ is dropping

[12:42] {nemo} it was donw .20 earlier

06[12:42] * nemo slaps Les around a bit with a large trout

[12:44] {Threei} Les?

[12:45] {Threei} UUP jumped at the sasme moment

[12:45] {Les} WFC b/d?

[12:46] {Les} ok. $ bullishness

[12:48] {Threei} let me speak for the EU for one day

[12:48] {Threei} I will retire tomrrow

[12:48] {Threei} sell farm anf family, go long, announce aid to Greece

[12:49] {Threei} sell everything, go short, announce no aid to Greece

[12:49] {Threei} repeat 5 times, buy back farm and family, retire

[12:51] {Threei} Long Setup: VXX .50

[12:52] {nemo} lunch breakout

[12:53] {Threei} no

[12:53] {Threei} market breakdown

[12:53] {Threei} sounds more plausible for lunch?

[12:53] {nemo} ahh, stop under .30?

[12:53] {Threei} I wanted .35...

[12:53] {Threei} let's see if it reestablishes

[12:54] {Threei} no

[13:02] {Threei} *(US) TREASURY'S $40B 3-YEAR NOTES DRAW 1.377%; BID-TO-COVER RATIO: 2.83 V 2.98 PRIOR AND 2.85 AVG OVER THE LAST 10 AUCTIO

[13:03] {Threei} UAUA prolonged consolidation near the high

[13:06] {Threei} Long Setup: VXX 32.10 break

[13:08] {Threei} .95 stop

[13:08] {Threei} no go

[13:10] {Threei} everyone's asleep?

[13:11] {Threei} I'll go sleep too

[13:11] {strider} no.....

[13:11] {strider} not asleep.

[13:11] {larisa} yes, no :)

[13:14] {Threei} (US) House of Representatives officially cancels votes scheduled for this week due to snow storms

[13:14] {Threei} too bad vote on global warmning measures wasn't schedule this week

[13:15] {Threei} that would have provided me with material for jokes for a month at least

[13:17] {Threei} crap

[13:17] {Threei} VXX shakeout

[13:25] {Threei} Google Inc Introduces "Google Buzz" social networking functionality for g-mail

[13:25] {Threei} - also reportedly plans to launch tools that help time management and productivity.

[13:25] {Threei} - reminder: it was reportedly yesterday that Google was preparing to launch social network feature via g-mail service.

[13:25] {Threei} oh good more social networks

[13:26] {Threei} timely, as I was losing my mind trying to find the way to communicate with people over internet

[13:26] {Les} my uni has gone over to google email for networking teacher/students

[13:26] {Les} I get friggin lost trying to connect

[13:27] {Threei} we need to take lessons from folks in Nigeria

[13:27] {Threei} they don't seem to have problems communicating and finding us

[13:27] {Threei} - "Buzz" automatically follows contacts in chat and e-mail, providing social updates, provides Twitter updates, and integrates Youtube and photo functions.

[13:27] {Threei} perfect... my e-mail takes over my social life

[13:28] {Raven} just more crap to assure that the children of this nation become more useless and ignorant by the day

[13:29] {Les} yeh I had a go connecting with twitter.

[13:29] {Les} friggin twits annoying me with crap

[13:29] {Raven} all they know how to do is twitter and listen to garbage music

[13:29] {Threei} children of the corn twitting in myspace with therfacebooks down youtube

[13:30] {Les} sounds psychadelic

[13:30] {Raven} sigh ... whatta country

[13:30] {Threei} GR) Germany Fin Min: EU will discuss Greek recapitalization steps

[13:30] {Les} oh stop it vad

[13:30] {Les} enough rumour/counter rumour for one day

[13:31] {Threei} hey, I am not writing it

[13:31] {Les} happily we rely only on the setup and not rumour

[13:31] {Raven} this is rediculous ... I will go to Post Office

[13:31] {Threei} - Says that all other reports on Greece's aid are speculations

[13:31] {Threei} no you won't Raven

[13:31] {Threei} a few more years of twitting, and post offices will close

[13:32] {Threei} you want to talk to someone - you twit

[13:32] {Threei} tweet?

[13:32] {Raven} double sigh ... I'm outta here

[13:32] {Threei} me too

[13:32] {Threei} astop the Earth, let me out

[13:33] {Raven} and don't be callin' me a twit

[13:33] {Threei} these days we are all twits

[13:33] {nemo} sits on his branch and squawks...sheesh

[13:33] {Threei} or,

[13:33] {Threei} these days we all twitch

[13:33] {Les} HIG closing in on lod again

[13:34] {nemo} twitch or tweet

[13:34] {nemo} we need help

[13:34] {Threei} I am afraid we are beyond

[13:34] {Les} not so bad, if this is the asylum

[13:34] {Les} prefer this to the ordinary world

[13:35] {Threei} our facebooks are too far down the youtube, no twitting in empty myspace will help

[13:35] {Les} sigh

[13:35] {nemo} better edit the log

[13:35] {Threei} not going to

[13:35] {nemo} o.k.

[13:35] {Les} fcx 72 b/d?

[13:35] {nemo} wonder what trev must think

[13:36] {Threei} too far from there Les

[13:36] {Les} these stocks don't know when to roll over and die

[13:38] {Threei} I'd rather try to shiort .20 break

[13:39] {Threei} stop just formed itself too

[13:39] {Threei} .20 - .35

[13:40] {Threei} US Pres Obama to take impromptu questions from press corps; first time in 4-6 months

[13:40] {Threei} - Obama notes that is ready to start from scratch on healthcare bill with regards to listening to new ideas

[13:52] {Threei} TM BofA/Merrill makes positive comments

[13:52] {Threei} - note: Merrill has a Buy rating on Toyota

[13:53] {Threei} US Pres Obama: Will not accept another year of committee work and partisan rancor.

[13:53] {Threei}

[13:53] {Threei} hmmm

[13:53] {nemo} what's he gonna' do, hold his breath

[13:53] {Threei} in which form exactly his non-acceptance will manifest itself?

[13:53] {dino} roflol

[13:53] {Les} RIMM .75 B/o?

[13:53] {dino} i believe he will except nothing and like it

[13:54] {nemo} ?

[13:54] {Threei} (IA) US Pres Obama: Major powers making progress on issue with Iran; developing a range of sanctions (related GLD XAU/USD USO )

[13:54] {Threei} can't tell les

[13:54] {Threei} not clear

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

[14:00] {Threei} - NYSE volume 750M shares, about 21% above its three-month average; advancers lead decliners by 5.4:1.

[14:00] {Threei} - NASDAQ volume 1.5B shares, about 11% above its three-month average; advancers lead decliners by 2.4:1.

[14:00] {Threei} - VIX index -3.5% to just over 25.50

[14:18] {Threei} DNDN CEO: expect to have full manufacturing ability for Provenge by mid-2011 - investor conf comments

[14:18] {Threei} I gues we still have little time to buy it

[14:19] {nemo} amsc only up .24 today

[14:20] {dino} all i can say about that is it is not down (yet) for once

[14:21] {Les} market has dropped below 200 ma first time for the session

[14:22] {nemo} which indice?

[14:22] {Les} q's and spy. 1 min chart

[14:22] {nemo} mmmhhhhh....guess I have a different chat

[14:22] {nemo} chart

[14:36] {Threei} Fed's Bullard expects Fed to take 5 years time to bring down size of balance sheet - Nikkei news

[14:37] {Threei} he forgot to mention which year they start

[14:37] {Threei} he also forgot to quantify "bring down"

[14:41] {billyc} i have to go guys thanks for the calls have a great night see you in the am

[14:42] {nemo} P&Q

[14:42] {Threei} too fast

[14:43] {nemo} what was?

[14:43] {Threei} (GR) Germany considering loan guarantees and other troubled Eurozone countries WSJ cites sources

[14:43] {Threei} billy's exit

[14:43] {nemo} oh

[14:43] {nemo} thought you missed a call

[14:44] {Threei} - guarantee plan would be initiated by the EU; and the plan has been discussed with the ECB, and plan may not start this week

[14:46] {Les} RIMM is close to decent b/d

[14:46] {Les} would like a small bounce

[14:52] {Les} MS has pivot support .90. stop 27 looks ok. 93 b/d?

[14:52] {Threei} pretty much dependent on market help

[14:53] {Threei} and market jumps up and down with no rhyme of reason today

[14:54] {dino} sort of like jim cramer does

[14:54] {Threei} lol

[14:55] {nemo} watching him has the same effect on me as a triple espresso

[14:55] {Les} 50's have crossed under 200's. market seems to be dropping more consistently now

[14:56] {Les} then again, been doing that all day. sigh

[14:58] {Threei} NEXS Ticks higher after Dept of Energy CALiPer test confirms Array Par 30 has highest efficacy LED directional lamp

[14:58] {Threei} what the deuce

[14:59] {Threei} GOOG Co-Founder Brin: It is "very hard" to operate in China under current conditions

[15:16] {Threei} hmmm

[15:16] {Threei} AVAV Receives $17.1M order from US Army for the Raven unmanned aircraft system

[15:16] {nemo} AWIAV?

[15:16] {Les} alcoholic stupor

[15:16] {nemo} I wish...thanks for reminding me

[15:16] {Threei} I personally am in deep sadness about sorely missed UAUA

[15:17] {Les} reach for vodka bottle

[15:17] {Les} you will forget your problems

[15:17] {nemo} just goes from mental anguish to physical

[15:17] {Les} ow wow UAUA hasn't stopped.

[15:18] {Les} but you know vad we would have suffered scalpers regret if we'd taken it

[15:18] {nemo} Life is pain

[15:18] {Les} its always regret, no matter what you do

[15:18] {Threei} you guys don't pay attention

[15:18] {Threei} Raven unmanned aircraft system

[15:19] {Threei} combined with Raven's habit of "circling" people he dislikes...

[15:19] {nemo} he's a raven, of course he's un "manned"

[15:19] {Les} yeh, couldn't think of any pithy one liners...

[15:19] {Les} and I don't know anything about Raven

[15:19] {Les} he's as mysterious as the bird in Edgar Allen Poe's epic

[15:19] {nemo} speaking of one liners....

[15:19] {nemo} that's all we got out of magoo today

[15:20] {nemo} epic what?

[15:21] {Les} epic poem

[15:21] {Threei} you just be careful Les

[15:21] {nemo} before your time we'd go back and forth on it

[15:21] {Les} "The Raven"

[15:21] {Threei} because those Raven's may easy switch from Nevermore to NeverLes

[15:22] {nemo} nice one

06[15:22] * Threei take a bow

[15:22] {Les} no he doesn't deserve credit for that

[15:22] {nemo} watch it Les

[15:22] {nemo} you're trodding hallowed ground

[15:22] {nemo} er....branches

[15:22] {dino} .

[15:23] {nemo} ~

[15:23] {Les} we are bored today aren't we

[15:23] {dino} yeah

[15:23] {Les} been trying to nail HIG.

[15:23] {nemo} Life in the Asylum

[15:23] {Les} everytime it gets to the bottom

[15:24] {Les} wham! reverse course

[15:24] {nemo} breakdowns tough on a strong up day

[15:25] {Les} but don't want to go long either

[15:25] {nemo} ?

[15:25] {Les} I don't

[15:27] {nemo} Looks like we'll probably finish near the highs today

[15:27] {Threei} big red candle came while you were typing that

[15:27] {nemo} still in the trend though

[15:27] {Threei} (GR) ECB declines comment on latest WSJ report concerning German loan guarantees

[15:27] {Threei} - Note: earlier it was reported that Germany considering loan guarantees to Greece and other troubled Eurozone countries - WSJ cites sources

[15:28] {nemo} This is a frickin' comedy skit

[15:29] {Les} except its not funny

[15:29] {strider} The stock you mentioned awhile ago......avav????

[15:29] {nemo} how much you get strider?

[15:29] {strider} is that the right sym?

[15:29] {nemo} yep

[15:29] {Threei} yes.. why?

[15:30] {strider} OK...just couldn't find any news since 2/4

[15:30] {Raven} Neverenough !

[15:30] {Threei} 3:13:29 PM

[15:30] {Threei} AeroVironment Receives $17.1M order from US Army for the Raven unmanned aircraft system

[15:30] {Threei} - contract action was not awarded as a fixed price type because uncertainties involved in contract performance did not permit costs to be estimated with sufficient accuracy to use any type of fixed price contract. As such, a cost-reimbursement type action was awarded

[15:31] {Threei} - The options consisted of Accounting for Contract Services, Performance Based Logistics, Training and Contractor Logistics Support. Also definitized NTE options for the Family of Systems for the Raven Unmanned Aircraft System

[15:31] {Threei} - Note: Co reports approx $73M in revenues per quarter

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 940M shares, about 16% above its three-month average; advancers lead decliners by 6.1:1.

[15:31] {Threei} - NASDAQ volume 1.88B shares, about 8% above its three-month average; advancers lead decliners by 2.5:1.

[15:31] {Threei} - VIX index -3.75% to just under 25.50

[15:32] {Les} lol, you seen the raven?: http://en.wikipedia.org/wiki/RQ-11_Raven

[15:32] {Les} where can I buy one of those

[15:33] {dino} rino rinsed and running

[15:35] {Les} WFC .76 b/o?

[15:35] {Threei} I wouldn't

[15:35] {nemo} .80 resistance

[15:42] {Les} RIMM .20 b/d with .30 stop?

[15:43] {nemo} looking long

[15:43] {Threei} yeah... not a play really

[15:43] {nemo} plus, recent lows only .15 away...risk reward marginal

[15:44] {nemo} I guess he could play it that way with the idea people might want to liquidate their gains

[15:45] {Les} vxx .10 break?

[15:45] {Threei} wort a try I guess

[15:45] {nemo} yeah

[15:45] {Les} hmm

[15:45] {nemo} nope

[15:46] {nemo} all that volume on the hammer, new support .15

[15:47] {Les} l vxx .11 small shares

[15:50] {Threei} OK, qwe have 12 min left, and I find it hard to believe they wouldn't give us last headline on Greece

[15:51] {larisa} I will : v gretsii vsyo est' :)

[15:51] {Threei} lol

[15:51] {larisa} cool to be one of THEM

[15:51] {Threei} I am telling you...

[15:51] {Threei} give me that bullhorn for one day

[15:52] {Threei} 1:1 Les

[15:52] {dino} beware of greeks bearing gifts

[15:52] {Threei} were those danaos?

[15:53] {Threei} wren't

[15:53] {Les} I want more

[15:53] {Threei} 1:2

[15:54] {Les} that'll do

[15:54] {nemo} lotta' faith in this market

[15:54] {Les} out .27

[15:54] {Threei} wtg

[15:54] {Threei} (US) Commerce Dept: to delay Thursday's Advance Retail Sales data to Friday

[15:54] {dino} gj

[15:54] {Threei} why?

[15:54] {Les} squeezed out daily profit target

[15:54] {Threei} they didn't finish counting?

[15:56] {dino} cagc drop, files shelf

[15:57] {Threei} AMSC maybe getting ready

[15:57] {dino} for what?

[15:57] {Threei} first day of closing within BBs

[15:57] {Threei} ever since it started dropping

[15:57] {dino} insider selling was part of the issue

[15:58] {Threei} those are mighty insiders... what, they sold whole float, lol

[15:58] {Threei} come on EU

[15:58] {Threei} 2 min

[15:59] {dino} lol

[15:59] {dino} probably a mistake, but holding jst over

[16:00] {Les} night all. ty

[16:00] {Threei} good luck

[16:00] {larisa} bye :)

[16:00] {Threei} thank you all

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

[16:00] {nemo} gnite

[16:00] {strider} thanks, vad...see you in the morning.

[16:01] {fernp} Good evening everybody. See u all tomorrow