Feb 19 2010

Day started with very nice WFC long - and then turned into stopfest, with three plays in row getting topped out after almost hitting profit target. It took careful and patient trading to take the day back to even, and then finally to profit by spectacular long entry on VXX shakeout - check out this trade at 13:59, comments starting with "better try to get in on pullback." All in all, teeth-pulling kind of day but two-week long winning streak remains uninterrupted.

Session Time: Fri Feb 19 00:00:00 2010

[08:14] {Threei} (US) Preview: Jan Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am E

[08:14] {Threei} ***Consensus expectations

[08:14] {Threei} - Consumer Price Index m/m: 0.3%e vs 0.1% last. (range of estimates 0.0% to +0.6% )

[08:14] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)

[08:14] {Threei} - CPI NSA: 217.053e v 215.949 last.

[08:14] {Threei} - CPI Y/Y 2.8%e v 2.7% prior; core CPI Y/Y: 1.8%e v 1.8% prior

[08:30] {Threei} *(US) JAN CONSUMER PRICE INDEX M/M: 0.2% V 0.3%E; CPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E; CPI NSA: 216.68 V 217.053E

[08:33] {nemo} didn't move the indexes yet...makes sense, yesterday was the first shot across the bow. One datapoint does not a trend make

[08:34] {Threei} I guess

[08:38] {Les} afternoon gentlemen

[08:39] {ese} good morning

[08:39] {Les} hi ese

[08:39] {ese} hey les

[08:39] {ese} dude

[08:39] {Threei} Les, ese :)

[08:39] {ese} vad

[08:39] {Les} Nemo, HELLO!

[08:39] {Les} :)

[08:40] {Les} been watching FSLR since 116.50 b/o setup after 8 am. made a buck easy

[08:41] {Les} took a hit after decent earnings release

[08:42] {nemo} Hi Les

[08:43] {Les} if I tell you to belt up Nemo...

[08:43] {Les} know that it is in good humour

[08:43] {Les} my wife has me licked

[08:43] {Les} the kids don't listen to me

[08:43] {Les} so I seek to assert authority on virtual colleagues now

[08:44] {Les} but always in good humour :)

[08:45] {Les} rain finally melting snow away here

[08:46] {nemo} that interest rate rise is having minimal effect so far except on gold and the $, haven't seen oil yet

[08:48] {Threei} slightly down

[08:48] {Threei} nothing groundshaking

[08:50] {Les} reading commentary that remarks "forget Bernanke now, watch China's central bank"

[08:50] {Threei} (US) PIMCO's Bill Gross: Discount rate increase is a slight signal; other rate changes not due for at least 6 months - CNBC

[08:50] {Threei} - Favors "steepening, steepening, steepening" of US yield curve with Fed set to maintain existing policy for forseeable future, notes the spread bewtween the long bond yield and short end may be as steep as it will get but expects it to stay here for some time

[08:50] {Threei} - Does not expect the Fed to move on the discout rate anytime soon, move was likely to appease the hawks on FOMC.

[08:52] {Threei} - Says timing of discount rate move yesterday was a bit surprising even though it was telegraphed.

[08:52] {Les} Wasn't premature rate rises responsible for 2nd leg down in Great Depression?

[08:53] {Threei} depends on who you ask

[08:53] {Threei} they still can't aree on what actually worked and what didn't to end it

[08:54] {Threei} oil is almost back to breakeven nemo

[08:54] {Les} hmm. so Bernanke has hands tied -$100B treasury sale next week apparently - or trying to please some critics

[08:54] {Les} whatever

[08:54] {Threei} whatever is right

[08:55] {Threei} you are looking for sensible action by a man who said housing crisi was about over - in 2005

[08:55] {Les} hah

[08:55] {Les} seems to be driving gold all over the place

[08:56] {Threei} CSIQ margings decreased for 2010

[08:56] {Threei} now, tell me someone... why did we bpther to cover AMLN yesterday just before closer?

[08:57] {Threei} good 50 cents below our short entry

[08:57] {nemo} had a big spike first on short covers

[08:57] {Les} nice. wanted to ask you that but preferred cash up front.

[08:59] {Threei} I'd coiver it anyway... just fooling around

06[08:59] * nemo slaps Threei around a bit with a large trout

[09:00] {fernp} Good morning everybody

[09:01] {Les} hi fern

[09:01] {Threei} fern :)

[09:01] {nemo} any news on mos

[09:02] {Threei} (IN) Canpotex concludes new Q2 supply contract to India covering shipments through June 2010

[09:02] {Threei} - Canpotex's Q2 supply contract to India covering shipments through June 2010 at a contract price of $370.00/MT CFR.

[09:02] {Threei} - This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.

[09:02] {Threei} - Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.

[09:02] {Threei} - Canpotex is a marketing firm used by three Canadian fertilizer industry members (POT, AGU, and MOS) to negotiate contracts overseas.

[09:04] {Threei} Obama to Rename Iraq Military Mission

[09:04] {nemo} wow...a new name

[09:04] {Threei} oh good, new name is long due, and will materially change everything

[09:05] {Threei} March crude trades back to levels seen before the Discount rate hike above $79 (related USO GLD )

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:17] {nemo} more obscene profits today dino?

[09:17] {dino} one can only hope

[09:18] {i2romantis} morning all

[09:18] {Threei} i2r :)

[09:19] {dino} fsys

[09:19] {dino} slb

[09:20] {dino} apol

[09:20] {dino} esi, etc watch ed's

[09:20] {dino} solar too

[09:20] {Threei} see CSIQ dino?

[09:21] {larisa} gm everybody :)

[09:21] {dino} solar, yes

[09:21] {Threei} larisa :)

[09:21] {ese} just lookin at that dn 2 and change

[09:21] {dino} uthr, somebody new a couple days ago

[09:21] {ese} csiq that is

[09:21] {i2romantis} Dell as well

[09:22] {ese} ya dino....noticed ceco and coco making a move the last couple of days

[09:23] {dino} esi support around 93

[09:23] {Threei} I don't have clear opening plays so far

[09:23] {Threei} this after hours little turmoil and cosequent bounce messed things up a bit

[09:23] {ese} actually ceco made a big move yesterday....my bet is it will pause today

[09:23] {Threei} will wait out a few min after open to see ranges forming

[09:24] {dino} hmmm uthr was approved by us fda in july, seems to be euporean data issue

[09:25] {ese} how did you make out with orly yesterday after i left

[09:25] {dino} wow spam w/cheese

[09:25] {lasertrev} gm

[09:25] {Threei} trev :)

[09:25] {ese} huh

[09:26] {dino} just on cnbc

[09:26] {ese} is that what mags has for breakfast in the morning ....spamw/cheese

[09:27] {ese} thats a shock to the system if i ever heard of one

[09:28] {_jfjf64} mornin all

[09:28] {Threei} jf :)

[09:28] {ese} jf

[09:28] {strider} good morning, everyone.

[09:28] {Threei} strider :)

[09:29] {nemo} ?

[09:29] {dino} watch gaps imo, ndx 1779, s/p 1075

[09:31] {_jfjf64} ty dino

[09:32] {ese} st

[09:32] {dino} ?

[09:32] {nemo} apol down 10%

[09:32] {Threei} CSIQ, let's see if we can find short entry into bounce

[09:33] {Threei} {CSIQ} as if I ever wanted to bounce

[09:34] {Threei} Long Setup: WFC .15 break

[09:34] {Threei} if holding above .05

[09:35] {Threei} 1:1

[09:35] {_jfjf64} ty

[09:36] {Threei} yw

[09:36] {dino} out wfc .30, ty vad

[09:36] {dino} +.15

[09:36] {Threei} :)

[09:36] {_jfjf64} go baby gobaby go

[09:37] {Threei} you remember the routine, right jf?

[09:38] {_jfjf64} ??

[09:38] {Threei} if you are afer more than scalp, partial out around 1:1, trail stop to b/e

[09:39] {ese} L amtd .01

[09:39] {_jfjf64} yup ty

[09:40] {ese} out amtd .10 +.09

[09:40] {Threei} just making sure your Roman Holiday didn't eliminate trading skills altogether {G}

[09:40] {dino} gj

[09:41] {Les} AMLN vad?

[09:42] {_jfjf64} intu .80 break

[09:42] {nemo} big stop

[09:42] {Threei} AMLN if anything is short

[09:43] {Threei} no clear play

[09:43] {Les} ty

[09:43] {Threei} (US) Preview: Q4 Mortgage Delinquencies due out at 10:00ET

[09:43] {Threei} ***no analyst expectations for the Q4 number. In Q3 the delinquency rate rose to 9.64%, the seventh straight rise.

[09:43] {Threei} - with the release of the Q3 data in November, the MBA noted

[09:43] {Threei} they expect unemployment to keeping rising into the first quarter of 2010, which means we will most likely see even higher rates of delinquencies and foreclosures.

[09:45] {dino} uthr sm l .25

[09:46] {dino} stop lod

[09:47] {dino} fsys raises and drops

[09:49] {Les} WFC .15 b/d?

[09:49] {Les} or perhaps .13?

[09:49] {Threei} nsh

[09:49] {ese} L cy .12

[09:49] {Threei} Short Setup: CSIQ .75 break

[09:49] {Threei} half lot

[09:50] {Threei} if stays under .90

[09:50] {nemo} long if breaks .90?

[09:51] {Threei} not by me

[09:51] {nemo} and stays above .80?

[09:51] {ese} out cy .12 -.01....momo stopped

[09:52] {Les} ty dino out uthr +.36

[09:52] {dino} out uthr .86, +.61

[09:54] {Threei} 1 cent shy of 1:1??

[09:54] {Threei} oh well

[09:54] {nemo} yeah, stopped out at .80

[09:55] {dino} gj les

[09:56] {ese} L apol .15

[09:57] {ese} stop.00

[09:57] {billyc} gm all

[09:58] {Threei} billy :)

[09:58] {ese} stopped .99 -.16

[09:58] {ese} thought sure it was gonna keep goin after breaking the highs

[09:58] {Threei} ugh

[09:59] {Threei} XNPT got away, broke .90 while I was stiill thinking whether it was sworthy alert

[10:00] {Threei} *(US) Q4 MORTGAGE DELINQUENCIES: 9.47% V 9.64% PRIOR

[10:02] {ese} was just looking at xnpt vad

[10:02] {ese} gotta be some potential there

[10:02] {ese} short covering for sure

[10:02] {ese} bounce of .90 maybe

[10:03] {Threei} worth try near .90

[10:03] {Threei} Short Setup: PRU .20 half lot

[10:04] {Threei} Mortgages in foreclosure at 4.58% v 4.47% q/q

[10:04] {Threei} - percentage of loans on which foreclosure actions were started at 1.20% v 1.42% q/q

[10:04] {Threei} - Mortgage Bankers Association: 15% of US mortgages were in foreclosure or delinquency (remains a record); with loans 90 days past due arecord

[10:05] {Threei} stop above .30

[10:06] {Threei} Short Setup: HIS .80 break

[10:06] {ese} l sm xnpt 500shs

[10:07] {Threei} srop above .85

[10:07] {ese} .05

[10:07] {strider} HIS?

[10:07] {larisa} HIG you mean?

[10:07] {Threei} grr

[10:07] {Threei} HIG

[10:08] {larisa} these 2 letters are not even next to each other :)

[10:09] {nemo} stopped

[10:09] {Threei} no worky

[10:09] {fernp} stopped

[10:10] {strider} what , PRU?

[10:10] {nemo} yeah, broke .30

[10:10] {strider} was half lot, I'm using higher stop.

[10:11] {nemo} see that green bar that started above the red, if you get a pullback to .25 and it starts back up...get out

[10:11] {fernp} PRU stopped

[10:12] {Threei} DNDN Hearing renewed takeover chatter circulating

[10:12] {Threei} - AZN rumored as a potential acquirer

[10:14] {dino} tlvt

[10:15] {Threei} RIMM Motorola alleges smartphones are infringing patents

[10:16] {strider} stopppede HIG

[10:16] {ese} csiq ...would have been a nice one at 21.13

[10:17] {nemo} market die?

[10:20] {fernp} LVS, Vad? .25 breakout?

[10:21] {_jfjf64} watchin also

[10:21] {ese} L schw .52

[10:21] {Threei} I think so fern

[10:21] {fernp} ty

[10:22] {Threei} weould be nice if held .20

[10:22] {Threei} if drops closer to the next support around .15, I'd rather seek aggressive entry

[10:23] {gen} HAL looks good

[10:23] {Threei} .80 break?

[10:23] {nemo} vwap .16 on lvs,

[10:23] {Threei} and welcome back, gen

[10:24] {gen} ☺

[10:24] {strider} did you bring the tonic with you?

[10:25] {Les} out esi +.29 ty for your list dino

[10:25] {ese} GENNNNNNNNNN

[10:25] {ese} !!!!!!!!!!!!!

[10:25] {dino} gj

[10:26] {dino} tlvt sm l .75

[10:27] {dino} stop .47

[10:30] {ese} 1/2 out schw .56 +.04

[10:31] {dino} gj

[10:32] {ese} ceco on the move again dino

[10:32] {ese} anyone catch it around 21.70

[10:33] {ese} sorry 25.70

[10:33] {dino} swm sm l .no

[10:33] {dino} opps, not in swm, no to ceco

[10:33] {dino} watching swim

[10:34] {Les} WCG

[10:35] {gen} UTHR

[10:35] {_jfjf64} arun .30 break

[10:35] {dino} wcg want zip into hi 25s

[10:36] {Threei} not finding much today

[10:37] {dino} watch these 3i, fsys, wcg, swm, tlvt, orly, cab

[10:37] {Threei} well... those are your style

[10:37] {dino} we missed clw

[10:38] {Threei} except maybe WCG

[10:38] {dino} fsys want double bottom area

[10:38] {dino} wcg feels like games to 25s

[10:40] {Threei} I'd take half lot on .40 break

[10:40] {Threei} if holding .30

[10:41] {dino} wcg?

[10:41] {Threei} yeah

[10:41] {dino} ok

[10:41] {Threei} not holding anywaty, moot point

[10:41] {dino} i want 25.80s

[10:41] {dino} swm higher lows

[10:42] {dino} .48, then. 60, ow .64

[10:43] {nemo} .19 is pivot support for wcg

[10:45] {dino} .75 sm l fsys

[10:45] {gen} AET

[10:46] {nemo} new high spy

[10:46] {nemo} and qs

[10:46] {Threei} Short Setup: VXX .60 break

[10:48] {fernp} stop above .70, no?

[10:48] {dino} ugh swm

[10:48] {Threei} yes

[10:50] {Threei} today seems to be the day for .8:1

[10:51] {Threei} noticed how many of them reverse just couple cents shy of 1:1?

[10:52] {dino} out tlvt .44, +.69

[10:52] {Threei} wtg

[10:52] {dino} ty

[10:52] {Threei} this is your day dino

[10:52] {nemo} obscene

[10:52] {Threei} I'll shy away

[10:52] {Threei} first WFC trade was all I could squeeze out of myself

[10:52] {dino} chaos is my ty;e, those gap up and stasy opens kill me

[10:53] {dino} typos

[10:53] {dino} vxx may work, if we go green

[10:54] {nemo} where are the strikes on the spy and qs?

[10:54] {Les} spy 110

[10:54] {dino} dk nemo, just seems the play 5s and 0s w/lots of stocks

[10:55] {Les} q's 45

[10:55] {nemo} my point, if we're in the area where the majority of options expire worthless, we ain't gonna' move much

[10:55] {dino} 5 and 0, hmm

[10:55] {nemo} see if tvlt holds .90

[10:55] {nemo} tlvt

[10:55] {dino} yeah, imo, most are done by open tho, usually {5 days and in

[10:56] {dino} by open on exp

[10:57] {Les} max pain for spy and q's

[10:57] {gen} UNG short

[10:58] {dino} there is a site for max pain

[10:58] {ese} L xnpt avg price .10

[10:59] {Les} http://www.optionpain.com/MaxPain/Max-Pain.php

[11:00] {nemo} how fitting Les came up with that

[11:01] {Les} hmm

[11:01] {Les} couldn't find the max-pain-in-the-butt-with-nemo site :)

[11:01] {Threei} UNG way too narrow gen

[11:01] {nemo} nice

[11:02] {nemo} touche

[11:03] {Threei} very nice on XNPT esew

[11:03] {Les} dino, APOL at 57. A double bottom?

[11:04] {Les} stupid me. course not

[11:04] {Les} bounce

[11:04] {dino} dk, db looks like 54s

[11:04] {dino} 55s

[11:05] {Threei} ITC rules that US companies have been negatively impact by China drill pipe (related X NOV )

[11:05] {dino} and i have been negatively impacted by high taxes

[11:06] {Les} you mean you will be...

[11:06] {Threei} I also hate high-flying CDN

[11:07] {Les} APOL .05 b/d Vad?

[11:07] {strider} out VXX +.03

[11:08] {Threei} I think so Les

[11:08] {Threei} but make a wind correction on me being wrong today more often than not

[11:08] {Les} gotcha

[11:09] {ese} out xnpt .36 +.26 2.5k

[11:09] {Threei} wtg

[11:09] {Threei} ffffff

[11:09] {Threei} ffffff

[11:09] {Threei} ffffffinallly VXX

[11:09] {nemo} there goes vxxx

[11:09] {ese} worked out well.......just trying to make dino proud of me

[11:09] {Les} that's almost equally obscene ese

[11:10] {Threei} OK... that would 2 out of 5 for today for me

[11:10] {ese} out schw remainder .57 +.05

[11:10] {fernp} ty Vad

[11:11] {Threei} all I need is 3-4 more wins, to keep 2 weeks long winning streak uninterrupted

[11:11] {dino} wtg es

[11:11] {Threei} or I can settle for Beattles version

[11:12] {dino} vxx vad, target?

[11:13] {Threei} under .40 to play it safe

[11:13] {Threei} getting a bit extreme

[11:13] {dino} ok, bstop ast .47

[11:13] {dino} at

[11:13] {dino} ty btw

[11:13] {Threei} of course it always can become even extremer so to speak, but I prefer to paly it on safe side today, I am not in the best shape obviously

[11:13] {dino} trying to assimulate your early mornings w/my later day

[11:14] {Threei} welcome sir

[11:14] {dino} have to step it up a bit, r.e. buys

[11:14] {gen} HAL works well

[11:15] {Threei} under .40 VXX

[11:15] {dino} to .40

[11:15] {nemo} I think we're going to have a helluva rally

[11:15] {Threei} as far as I am concerned, play is over

[11:15] {dino} to .30

[11:15] {dino} cov .30, +.30 ty vad

[11:15] {Les} what do you mean?

[11:15] {Les} play is over

[11:15] {Threei} welcome dino

[11:15] {nemo} he's out les

[11:15] {Threei} mean, time to close position

[11:15] {strider} Guess what? Tiger is sorry.

[11:16] {Les} you refering to vxx still?

[11:16] {Threei} all tigers usually are... after dinner

[11:16] {strider} Nobody loves a sinner.......but everyone loves a repentant sinner.

[11:16] {Threei} yes Les

[11:16] {dino} bingo strider

[11:16] {Les} repentance. yes, let's see some tears on screen

[11:16] {Threei} I don't know about first part strider

[11:16] {dino} misery luvs company

[11:16] {Threei} in my sinning days amny seemed to love me

[11:17] {Threei} many

[11:17] {dino} "live in sin, come on in" king

[11:17] {Threei} good one dino... I was trying to remember what it reminded me, you helped :)

[11:18] {dino} tiger's new logo

[11:18] {Les} half out APOL +.14

[11:18] {Threei} Tiger Woods apologies for his actions; says he will go back to treatment tomorrow; will not rule out returning to golf this year (related NKE ERTS )

[11:19] {Les} treatment :)

[11:19] {Les} oh yeh I can see relaxing massages, spa therapy, blond shrink in mini skirt...

[11:19] {Les} stop me now

06[11:20] * nemo slaps Les around a bit with a large large splitting axe

[11:20] {Threei} good one on APOL

[11:20] {Les} there, you are back in form again Nemo

[11:20] {Les} starting to get worried by lack of fish slappings in recent days

[11:21] {dino} gj les

[11:21] {Threei} and yes, I don't believe in notion of sex addiction as a sickness

[11:21] {Threei} total hogwash

[11:21] {dino} nor i

[11:21] {Les} I'm willing to

[11:21] {dino} whatever happened to accepting responsibility.

[11:22] {Les} all out .80 +.25

[11:22] {dino} and, really thinking about tiger, so what...it is not our concern if he wants to fool around

[11:22] {Threei} it got buried in the grave next to its brother Commin Sense

[11:23] {Les} it is your concern dino, this is america we're talking about

[11:23] {Les} http://www.mcclatchydc.com/cartoons/gallery/85105-a86096-t3.html

[11:24] {nemo} triple digit green today?

[11:24] {dino} lol

[11:24] {nemo} I'm not kidding

[11:24] {dino} lol was to les

[11:24] {nemo} that would be the most unexpected after Bernanke

[11:24] {Threei} nemo, I think yes but I have to continue saying triple red

[11:24] {dino} triple? best guess flounder between hi and low today

06[11:25] * nemo slaps Threei around a bit with a large broken record

[11:25] {Les} yeh well Asia falling like that made it to convenient

[11:25] {nemo} They absorbed it

[11:28] {Threei} 73% Agree That Washington Is Broken

[11:30] {gen} ZION never stops

[11:30] {nemo} or x

[11:30] {Threei} neither do zionists

[11:31] {Les} WCG .05 b/d Vad?

[11:31] {Threei} not until martix is destroyed

[11:31] {Threei} probably Les... but keep it half lot

[11:32] {fernp} MMM, Vad? .40 b/o?

[11:32] {Threei} scary one fern

[11:32] {fernp} lol, ok

[11:33] {Threei} can drop 20 cents in a blink of eye if rug is pulled

[11:33] {fernp} true

[11:39] {dino} sidetracked here, back in a few

[11:39] {nemo} so, is that a bull flag on the spy?

[11:41] {nemo} wow ree

[11:41] {nemo} cree

[11:42] {gen} AOL

[11:43] {gen} X

[11:46] {ese} Pro D day at my school see ya monday........

[11:48] {Threei} take care ese

[11:48] {fernp} bye ese

[11:57] {gregns} .

[11:59] {nemo} next leg

[11:59] {Les} l apol .21

[12:02] {Threei} I'll abandon VXX short as the way to play market long from now on

[12:02] {Threei} it will be good long on market reversal, but not the other way around anymore

[12:10] {dino} wcg sm ; .00

[12:10] {dino} ave

[12:10] {dino} long

[12:10] {nemo} $ been slowly falling all morning

[12:12] {Les} missed 1:1. out flat apol

[12:13] {dino} you're liking the movers, huh les

[12:14] {Les} yeh but got daughter's cartoon on other screen competing for attention. will give up while I'm ahead

[12:19] {fernp} QGEN, any read Vad?

[12:20] {Threei} I like it for .60 break

[12:20] {Threei} don't expect much from it

[12:20] {Threei} but looks good for a scalp

[12:20] {fernp} five cents?

[12:20] {fernp} ok ty

[12:20] {Threei} maybe 10 if market picks up and makes new highs

[12:21] {dino} wow clw

[12:22] {nemo} not your kind of stock only .06 spread

[12:24] {nemo} amzn dropping

[12:25] {nemo} bounce area

[12:25] {nemo} 200 at .05

[12:25] {nemo} open at .85

[12:32] {Threei} yawn

[12:32] {nemo} lunch time

[12:32] {fernp} CSE good volume

[12:39] {i2romantis} yawn x 2

[12:47] {Threei} wow... that's some serious paralysis

[12:47] {nemo} not for x

[12:48] {larisa} was thinking the same :)

[12:48] {Threei} you two

[12:48] {nemo} about paralysis or X :)

[12:48] {Threei} found one sinjgle moving stock in the whole 3 ewxchanges

[12:48] {larisa} X

[12:48] {Threei} and threw it in my face

[12:48] {nemo} stuck your chin out

[12:49] {nemo} rimm resistance at .65

[12:54] {dino} wow i killed the movement in wcg

[12:54] {nemo} you went in at lunch

[12:55] {dino} yes, but still

[12:55] {nemo} Oh...I get it...Biiiiig Dino thinks he's the reason the stock stopped,

[12:55] {nemo} amzn sudden drop

[12:56] {nemo} well...rimm has to make a decision soon

[12:58] {Threei} BRK.B moves too

[12:58] {Threei} there... found second one

[12:58] {nemo} cree

[13:00] {Threei} (CA) Senior Canadian official: Canada to oppose G20 plans to put a global bank tax in place; not opposed to bank tax in other countries, but will not impose one in Canada (related USD/CAD )

[13:00] {Threei} I am proud

[13:01] {larisa} then it would not be global, right ? :)

[13:01] {dino} i am moving to canada

[13:01] {Threei} Canada is saying "we want another globe" Larisa

[13:02] {Threei} Market Internals update at 12:00pmET

[13:02] {Threei} - NYSE volume 515M shares, about 19% above its three-month average; advancers lead decliners by 1.4:1.

[13:02] {Threei} - NASDAQ volume 925M shares, about 1% below its three-month average; advancers lead decliners by 1.1:1.

[13:02] {Threei} - VIX index -2% to just over 20.00

[13:02] {Threei} - Note: Today is options expiration

[13:02] {Threei} VIC is getting extreme again

[13:02] {Threei} VIX

[13:03] {Threei} ECB's Wellink: Basell II needs changes; the urgency for financial reform has ebbed but it is still necessary

[13:03] {Threei} heh

[13:04] {Threei} Long Setup: VXX .25 break

[13:05] {dino} these guys are idiots, if the regulators enforced the rules they would not have had the problem

[13:05] {dino} thery just don't get it

[13:05] {nemo} yeah, but by passing new ones they look like they're doing something

[13:05] {nemo} and then don't have to

[13:06] {fernp} stop under .20, no?

[13:06] {dino} the contrarian in me says we have too many rules already

[13:06] {dino} just let the failures, fail

[13:06] {nemo} I'm with you Dino, rules are talk and that's what bureaucrats and politicians do best

[13:06] {dino} agreed

[13:07] {Threei} I'd keep it under day's low

[13:07] {dino} they say these new rules, but fnm, fre have gone back to almost zero down again....uhhhhh

[13:07] {fernp} ok .17 stop

[13:09] {nemo} you can do a .175 cover :)

[13:13] {nemo} $ dropping

[13:14] {Threei} should jump over .30

[13:21] {fernp} out here, ty Vad, lunchtime

[13:21] {fernp} .32

[13:21] {strider} lunchtime????

[13:22] {Threei} :)

[13:23] {strider} he must have a date with a rosebush.

[13:24] {Threei} here we go

[13:24] {Threei} 1:1

[13:25] {Threei} 3 for 6, even for the day

[13:27] {_jfjf64} you movin stop up vad

[13:28] {Threei} just took scalp jf

[13:28] {Threei} it's like pulling teeth today

[13:28] {_jfjf64} ty me too lol

[13:28] {Threei} don't want to get stuck

[13:29] {Les} csiq 21 break?

[13:30] {Les} l csiq .01

[13:33] {Threei} can't make up my mind on it Les

[13:33] {Les} neither can csiq

[13:34] {Threei} larisa, close your eyes for a second

[13:34] {Threei} guess who is on TV!

[13:34] {nemo} Catherine McCormack

[13:37] {Les} I saw a pretty woman today in UK film awards, damn can't remember her name

[13:37] {nemo} oh

[13:37] {Les} got it

[13:37] {Les} Carey Mulligan

[13:40] {larisa} when brunnete she looks a lot like Katie Holmes

[13:40] {i2romantis} XNPT on the move

[13:41] {Les} enjoyed her in Bleak House - adaption of Dicken's novel

[13:42] {nemo} amzn lod

[13:43] {nemo} not quite but getting there

[13:51] {Les} stopped csiq

[13:56] {Threei} XNPT quite a move

[13:58] {_jfjf64} yup

[13:59] {_jfjf64} vxx .40 break vad

[13:59] {Threei} better try to get in on pullback

[13:59] {Threei} way safer with VXX

[14:00] {Threei} here it comes

[14:00] {_jfjf64} hmm

[14:00] {Threei} take first strength

[14:01] {Threei} .26

[14:01] {Threei} srop under .20

[14:01] {Threei} stop too

[14:02] {Threei} whatever happens, see how muvh safer it is

[14:02] {dino} qnst

[14:02] {Threei} you buy the pause on sharp drop into support

[14:02] {_jfjf64} y

[14:02] {Threei} stop is very tight

[14:02] {dino} nah

[14:02] {Threei} idds are much better

[14:03] {Threei} odds too

[14:03] {Les} I liked idds

[14:03] {Threei} and as it bounces, you get 1:1 and more as it merely approaches that .40 resistance

[14:04] {_jfjf64} promise

[14:07] {_jfjf64} lets go

[14:07] {Threei} {VXX} yes sir

[14:08] {Threei} {VXX} how high sir?

[14:08] {_jfjf64} .40 .40

[14:10] {Les} no i'll take .60 -.80

[14:11] {Threei} 1:1

[14:12] {Les} done ty

[14:12] {Threei} half out for me

[14:12] {Threei} srop to .24

[14:12] {_jfjf64} me tooooooooooooooooo

[14:12] {Threei} will try to milk this one

[14:13] {Threei} perfect plan perfectly executed if I may sat so

[14:13] {_jfjf64} sounds lk plan

[14:13] {Les} that was a textbook drop into support

[14:14] {Threei} and we were right there anrticvipating it and exploiting it

[14:14] {_jfjf64} seems lk i never was gone

[14:14] {Threei} :)

[14:15] {i2romantis} XNPT is still running, nice

[14:15] {Threei} staing on my normal humble message, gotta say, I am proud of how I handled this day

[14:15] {Threei} patiently waiting pout period os stops, filling the hole and getting pout of it

[14:16] {i2romantis} XNPT was a god's gift today

[14:16] {i2romantis} for me

[14:16] {Threei} :)

[14:16] {_jfjf64} yes vodka in left hand mouse in right good job

[14:16] {Threei} eqzaktly

[14:16] {Les} damn it. that's two days in a row the best trade has come during lunch break

[14:17] {Threei} most of satisfaction in this VXX entry comes from fact that we found the way to stay with smart money

[14:18] {Threei} while amaterurs were trying to buy the break and smart money were shakling them out, we got in at the exacr end of that shakeout

[14:18] {dino} gj

[14:19] {Threei} 4 for 7

[14:19] {Threei} back in black

[14:19] {dino} 4/4 w 2 still on

[14:19] {Threei} you are phenomenal today dino

[14:19] {Threei} your day

[14:19] {dino} 2 wins of the 4 were your calls

[14:20] {Threei} good selection, lol

[14:26] {dino} lol checked yesterday, 8 of 12, but wed only 5 of 10

[14:27] {Les} REGN .68 b/o vad?

[14:28] {Les} actually no

[14:29] {Les} running straight into yesterdays low

[14:29] {Les} b/d rather

[14:30] {Threei} I am thoroughly confused, so I'll have to say, I don't see any play in it, either side

[14:31] {Threei} US DOJ files Supreme Court appeal seeking to revive tobacco racketeering case over $280B in payments

[14:31] {Threei} - requests that the Supreme Court uphold the qutting smokg and public education remedies

[14:31] {Les} that's alright, just leave me alone in my little world please

[14:31] {Threei} no problem at all - as long as no one ruins mine

[14:36] {Les} APOL .90 b/d?

[14:36] {i2romantis} XNPT

[14:38] {Threei} can't tell Les

[14:38] {Les} I liked it until it bounced back

[14:40] {i2romantis} There's a rumor on XNPT that seems to be real

[14:40] {nemo} a real rumor or a rumor that's true

[14:40] {nemo} thus not a rumor

[14:40] {nemo} I think I better get a drink

[14:41] {Threei} nothing on the wire

[14:41] {i2romantis} not real until proven not a rumor :)

[14:41] {Threei} if it's on some message board, well... they cook them eright there :)

[14:42] {Les} haha the message board. I learnt well the message board universe playing SPNG

[14:43] {Les} only thing seperating those loonies from me is Vad's wisdom

[14:43] {Threei} wisdom eh

[14:44] {i2romantis} :)

[14:44] {Les} can't think of anything else

06[14:44] * Threei assumes a famous Rodin sculpture position... Thin... Think... hard to even type that... THINKER! there

[14:45] {Les} APOL back to .90. this setup any better?

[14:46] {Threei} a bit, yeah

[14:47] {Threei} not ny much but

[14:47] {Threei} first one was 50/50, this is 51/49

[14:47] {Les} ;) friday night casino. why not...

[14:47] {Threei} if you feel like it

[14:47] {Threei} I worked way too hard to save this day

[14:48] {Threei} don't want to ruin it

[14:51] {i2romantis} That's why it was a god's gift, Vad, for me

[14:51] {i2romantis} when I say that, it means I was a bad boy today, going against the plan

[14:51] {i2romantis} but glad to have saved the day

[14:52] {i2romantis} wondering where XNPT is going to finish today, I'm feeling like I'm spamming here :)

[14:52] {Les} APOL with 6 cent stop now. can't get better than that

[14:52] {Threei} lol, who

[14:52] {Threei} us?

[14:52] {Threei} we are not spammable

[14:53] {strider} GET GREAT DEALS ON VIAGRA NOW!

[14:53] {Les} really. where?

[14:54] {strider} Follow the yellow brick road.

[14:54] {Les} laughed to read that prostitutes in Swiss canton next to Milan learning to use defibrillators

[14:55] {Les} old italian men come from italy where brothels are illegal

[14:55] {Les} sexed up with viagra

[14:55] {nemo} don't want customers coming and going

[14:55] {Threei} well, with aging population and all...

[14:55] {Les} too many have heart attacks while in situ

[14:55] {nemo} great way to go

[15:02] {Threei} ...aaand, guess who is back on TV

[15:02] {Les} Larisa's right

[15:03] {dino} darth vader?

[15:03] {strider} Haile Selassie?

[15:03] {nemo} sophie marceau

[15:03] {Les} Selma Blair

[15:03] {nemo} yech

[15:04] {Threei} about what les?

[15:04] {Les} need a new game

[15:04] {Threei} careful

[15:04] {Threei} larisa gets away with a lot of things you won't

[15:05] {Les} crap. Larisa's not here to back me up.

[15:05] {Les} ok. I take it back

[15:05] {Threei} you better - especially considering that you offer your gusses

[15:06] {Les} I'm pretty desperate for names. gotta check DVD's scattered around living room for names

[15:06] {Les} don't know the tv soapie stars

[15:07] {Les} crap. apol broke while I was blathering

[15:07] {Les} 1:1

[15:07] {i2romantis} done for the day, lots of sun outside, gotta go enjoy Olympics

[15:07] {i2romantis} cheers to everyone and see you next week

[15:07] {Les} ciao

[15:08] {dino} cya i2r

[15:08] {fernp} bye i2r

[15:09] {dino} the guy tlks and the mkt drops

[15:10] {Threei} take care i2r

[15:10] {Threei} enjoy the weekend, weather is fantastic

[15:35] {Threei} SEC reportedly considering certain restrictions on stocks assuming they decline by a defined percent - unconfirmed report

[15:35] {Threei} - SEC evaluating additional short sale restrictions

[15:35] {Threei} imbeciles

[15:35] {nemo} they know it's coming

[15:36] {Les} how long did you suffer that in 2008?

[15:36] {Les} no shorting

[15:37] {dino} two months i think

[15:37] {nemo} on financials

[15:37] {dino} and ironically, the stocks droped like crazy

[15:37] {nemo} not ironically, nobody wanted to buy, could only sell

[15:37] {dino} no shorts=no covering= no buyers on drops

[15:38] {Les} no one could offload their finnie stocks

[15:38] {Les} haha a$$holes

[15:42] {dino} obama goes off tv, mkt up

[15:42] {_jfjf64} joke

[15:48] {Les} covered GG +.13

[15:49] {Les} FSYS just so has to die

[15:49] {dino} would like out flat

[15:50] {dino} wcg working

[15:50] {Les} ditto

[15:52] {Threei} okay guys, let's call it a day

[15:52] {nemo} c u later

[15:52] {Threei} somehow this week was a bit tiring

[15:52] {Les} okay. ty ciao. bon weekend

[15:52] {_jfjf64} good weekend all

[15:52] {Threei} worked out well but took considerable teeth-pulling

[15:52] {Threei} have a great weekend, see you all on Monday

[15:53] {dino} out wcg .26, +.26

[15:54] {dino} out fsys -.15

[15:54] {dino} agreed vad, calling it a week

[15:54] {dino} thx all, some really good ideas, appreciate it

[15:56] {dino} les, keep most on watch list

[15:56] {dino} gn

[15:57] {fernp} have a great weekend everybody. See you all on monday

Feb 18 2010

The day started with two stops, 10 and 6 cents on NVDA and CAT. After some boredom and regrouping 4 wins in a row took us into black: NVDA and FAZ longs and VXX and AMLN shorts. That all was on top of profitable TM overnight short closed for nice profit before open.

Session Time: Thu Feb 18 00:00:00 2010

[08:30] {nemo} bad jobs and cpi?

[08:36] {Threei} *(US) INITIAL JOBLESS CLAIMS: 473K V 438KE; CONTINUING CLAIMS: 4.563M V 4.500ME

[08:36] {Threei} - Prior Initial Claims revised higher from 440K to 442K

[08:36] {Threei} - Prior Continuing Claims revised from 4.538M to 4.563M

[08:38] {Threei} *(US) JAN PRODUCER PRICES INDEX M/M: 1.4% V 0.8%E; PPI EX FOOD&ENERGY M/M: 0.3% V 0.1%E

[08:38] {Threei} - PPI YoY: 4.6% v 4.4%e

[08:38] {nemo} here it comes stagflation

[08:39] {Les} PPI? price _____ inflation?

[08:39] {Les} GM

[08:39] {nemo} producer price index, those costs eventually have to work their way through

[08:39] {Les} ok

[08:40] {Threei} and cpi - consumer price index

[08:40] {Les} yeh just made the connection

[08:45] {fernp} Good morning everybody

[08:46] {nemo} hola

[08:46] {fernp} nemo :-)

[08:48] {Les} hi fern

[08:49] {Les} TM made a good overnight short.

[08:49] {nemo} amzn at yesterdays lows

[08:49] {nemo} fcx too

[08:50] {nemo} rimm at yesterday's open

[08:51] {Threei} fern :)

[08:56] {Threei} covered TM

[08:56] {Threei} +.40

[09:03] {Les} you did take some did you? cool

[09:03] {Threei} [15:44] {Threei} am so tempted to take TM short home

[09:03] {Threei} [15:45] {Threei} and CYCC long

[09:03] {Threei} [15:57] {Threei} skipping CYCC

[09:03] {Threei} [15:57] {Threei} taking a little TM

[09:04] {Threei} both decisions proved correct

[09:04] {Les} ok

[09:06] {ese} morning

[09:06] {nemo} dude

[09:06] {Threei} ese :)

[09:06] {ese} dude

[09:06] {Les} curious about NTES. tracked sideways yesterdays. testing 200ma resistance on daily. wondering if its a breakout candidate

[09:06] {Les} hi ese

[09:06] {ese} les

[09:06] {ese} vad

[09:07] {Threei} it drifted up on decreasing volume Les...

[09:08] {Threei} I suspect it was simply lifted a bit by market, and barely reached ots high from two days ago, while market broke it

[09:08] {Threei} so I'd have to say no, it's more likely to fizzle out

[09:09] {Les} ok thanks

[09:10] {i2romantis} morning all :)

[09:10] {Threei} i2r :)

[09:11] {ese} i2

[09:11] {larisa} gm everybody :)

[09:11] {Threei} larisa :)

[09:12] {larisa} vad :)

[09:12] {nemo} lari :)

[09:12] {nemo} I2

[09:12] {larisa} :)

[09:12] {i2romantis} :)

[09:12] {ese} larisa

[09:13] {ese} vad your looking at anything in particular this morning

[09:13] {ese} you

[09:13] {Threei} usual suspects only, nothing stands out

[09:13] {i2romantis} Vad, what do you think about NVDA?

[09:14] {Threei} NVIDIA Corp Reports Q4 $0.23 v $0.20e, R $982M v $960Me

[09:14] {Threei} - Guides Q1 Rev flat q/q (implies $982M v $930Me)

[09:14] {Threei} - Guides Q1 gross margin 44-45%

[09:14] {Threei} - Q4 gross margin 44.7% v 29.4% y/y

[09:14] {Threei} NVDA Price Target raised to $23 from $20 at Thomas Weisel, maintains Overweight rating

[09:14] {Threei} and it drops?

[09:15] {Threei} this looks very familiar

[09:15] {Threei} and doesn't promise anything good for the nearest time

[09:15] {Threei} we saw quite a few of these lately: gpood reports, upgrades and drop

[09:15] {Threei} witnedd AMSC

[09:15] {Threei} RIGL

[09:15] {Threei} witness too

[09:16] {Threei} - CEO: "NVIDIA's business continued to accelerate in the fourth quarter, with strong demand in our PC and workstation market. While the yield of chips made using the latest 40nm process has improved significantly, demand continues to exceed our constrained supply. Looking ahead this year, we are excited to raise the bar again with our next-generation Fermi GPU architecture; our Tegra mobile processor will enable a new class of amazing mobile devices like tablets; and our 3D Vision glasses and accompanying technology will bring a whole new dimension to personal computing."

[09:17] {i2romantis} ok

[09:17] {Threei} NVDA is not as extreme case as AMSC, most likely it's simply dropped with market... nonetheless, inability to hold oin good announcement is to be respected

[09:17] {Threei} covered my TM too soon eh

[09:18] {Threei} RU) S&P Comments On Russia's Banking Sector And Inflation

[09:18] {Threei} - Double-digit inflation has become the norm over the years, so recent consumer price data showing a slowdown have raised fundamental questions.

[09:21] {dino} gm all

[09:21] {Threei} dino :)

[09:22] {dino} :)

[09:22] {Threei} strider :)

[09:22] {Threei} (pre-emptive greeting)

[09:22] {strider} hey there.....

[09:22] {strider} late this morning.

[09:22] {Threei} awww... a bit more patience and I could have full dollar on TM short

[09:22] {Threei} patience was never my strong suite eh

[09:23] {nemo} thank god for her

[09:24] {dino} lol

[09:25] {nemo} mmmhhh C&H on FAS?

[09:26] {Threei} as much as you can trust pre-market formations...

[09:26] {Threei} which is to say, not much

[09:27] {nemo} it invalidated looking for support at .50

[09:28] {dino} ouch xnpt

[09:29] {dino} wcg

[09:30] {_jfjf64} mornin all

[09:30] {Threei} jf :)

[09:30] {dino} aap

[09:31] {Threei} XNPT FDA response letter

[09:31] {Threei} zillion downgrades

[09:32] {lasertrev} morning

[09:32] {dino} b'zillion

[09:32] {_jfjf64} rimm

[09:32] {Threei} trev :)

[09:32] {nemo} yeah, verticle

[09:32] {nemo} cal

[09:33] {Threei} RIMM should pull back now

[09:33] {fernp} NVDA, Vad bounce?

[09:33] {Threei} not yet

[09:33] {fernp} ok

[09:34] {Threei} RIMM is likely long near .40 - .50

[09:35] {Threei} NVDA, note the high of this bounce, let's see if we catch double bottom

[09:35] {dino} hmmm bad news is good for mkt so far

[09:36] {Threei} no pullback RIMM

[09:36] {_jfjf64} nope

[09:37] {nemo} gap at 71

[09:37] {_jfjf64} whats plan b

[09:37] {nemo} go long

[09:37] {Les} you got a read on WCG Vad?

[09:37] {Threei} I'd hate to buy breakout on it here, jf

[09:38] {Threei} WCG no, too jumpy

[09:38] {Threei} dino's stock

[09:38] {dino} like to see double bottom

[09:38] {Les} yeh been waiting for him to enter :)

[09:39] {Les} ok

[09:39] {Threei} here comes NVDA pullback

[09:39] {Threei} try to get in as close to .50 as possible

[09:39] {dino} imo around 28 if gets there

[09:40] {Threei} with stop under .45

[09:40] {dino} mkt randon dancing

[09:40] {Threei} on .55

[09:40] {Threei} in

[09:42] {Threei} doesn't look promising

[09:42] {dino} stop is .43

[09:44] {Threei} RIMM finally pulling back

[09:44] {Threei} (US) Preview: Feb Philadelphia Fed due out at 10:00ET

[09:44] {Threei} **consensus expectations: 17.0e v 15.2 prior

[09:44] {Threei} US) Preview: Jan Leading Indicators due out at 10:00ET

[09:44] {Threei} ***consensus expectation: 0.5%e v 1.1% prior

[09:44] {dino} wcg sm l .00

[09:44] {Threei} NVDA stop

[09:45] {dino} stop lod

[09:45] {dino} nvda stopped

[09:45] {nemo} bye bye

[09:45] {fernp} NVDA stopped

[09:45] {nemo} support at .35

[09:45] {ese} dino orly.....have a look

[09:45] {Threei} RIMM

[09:45] {Threei} too fast to alert... took .60

[09:46] {Les} stopped and went short for +.09 on nvda

[09:46] {ese} Q beats.....by a .01

[09:46] {_jfjf64} nice job

[09:46] {Threei} NVDA pretty much gets this look of "endless selling pressure"

[09:46] {nemo} huge volume right here

[09:47] {dino} like it

[09:47] {dino} orly

[09:47] {dino} aap same industry

[09:47] {ese} just looked at that also

[09:47] {Threei} Short Setup: TM .50 break half lot

[09:48] {Threei} ugh... late

[09:48] {ese} L orly .11

[09:48] {Threei} ok, same setup, if holding under .65

[09:49] {Threei} invalidated

[09:49] {nemo} look for it to pullback at .80

[09:50] {dino} orly sm l .20

[09:51] {ese} out orly .22 =.10

[09:51] {ese} +.11

[09:51] {dino} gj

[09:51] {_jfjf64} nice

[09:52] {ese} tks

[09:52] {ese} aap

[09:52] {Les} s xnpt .64

[09:52] {Threei} anyone caught RIMM?

[09:52] {dino} giddy-up

[09:52] {ese} you thinkin anything there dino

[09:52] {ese} .00 break

[09:53] {ese} ?

[09:53] {dino} wcg .39 was last hi

[09:53] {dino} rimm, no es, hate it

[09:54] {ese} thats good enough for me if you hate it

[09:55] {Threei} Long Setup: CAT .80 break

[09:55] {Threei} if stays above .75

[09:55] {dino} nvda l .50

[09:56] {dino} out wcg .49, +.49

[09:56] {Threei} no go CAT

[09:56] {fernp} CAT stopped

[09:56] {Threei} backing off, 4 min till numbers

[10:00] {Les} stpped xnpt

[10:00] {Threei} US) JAN LEADING INDICATORS: 0.3% V 0.5%

[10:00] {dino} gutsy les

[10:00] {Threei} *(US) FEB PHILADELPHIA FED INDEX: 17.6 V 17.0E

[10:00] {Les} missed open break low at .80. thought it would go lower

[10:01] {dino} i understand, gutsy imo to short something down 13 bucks

[10:01] {Les} .40 b/d on NVDA?

[10:02] {Threei} COIN Targets 75 Percent Increase in Food Waste Processing at Woodbridge Plant

[10:02] {dino} ugh ecg

[10:02] {Threei} can't tell on NVDA

[10:02] {dino} wcg

[10:02] {nemo} market o.k. with those numbers

[10:02] {nemo} rally back on

[10:03] {ese} orly nice move

[10:03] {dino} ty es

[10:03] {Les} double top wcg dino?

[10:04] {dino} dk

[10:04] {dino} breath drop then up imo

[10:04] {dino} out orly .40, +.20

[10:04] {dino} ty es

[10:06] {dino} wcg drops

[10:06] {ese} nice one dino

[10:07] {ese} L stx .05

[10:09] {dino} :)

[10:09] {dino} out nvda .62, +.12

[10:10] {ese} out stx .12 +.07

[10:11] {dino} gj

[10:11] {ese} tks....

[10:12] {ese} orly could keep going dino

[10:12] {ese} almost at high of day

[10:13] {dino} they all float down here

[10:14] {dino} wcg

[10:14] {nemo} day before op ex...probably big

[10:15] {dino} should breathe

[10:15] {nemo} triple digit green :)

[10:16] {ese} would appear that i underestimated stx

[10:16] {Les} NVDA .65 b/o?

[10:17] {ese} just didn't have vads T&S intensity

[10:17] {dino} wcg sm l .10

[10:18] {dino} stop is .88

[10:19] {ese} i missed that dino ...nice

[10:20] {dino} so far

[10:20] {dino} orly drop

[10:20] {Threei} YHOO MSFT receives anti trust approval from EU on internet search deal; as expected (related MSFT )

[10:22] {dino} wcg out flat

[10:23] {dino} retest imo

[10:23] {Threei} somewhat disconnected day, no rythm to the movements

[10:23] {dino} tricked me

[10:23] {dino} random dance day

[10:24] {dino} cab

[10:24] {Les} yeh. NVDA made 1:1 before falling back. out flat

[10:24] {_jfjf64} hv a vodka will mk all betterr

[10:24] {dino} have two

[10:25] {Threei} 34% Favor Raising Taxes On Those Making More Than $100,000

[10:25] {Threei} 66% favor shooting 34%

[10:26] {_jfjf64} bet ya those 34%mk 25000 yr

[10:26] {Threei} if that

[10:26] {dino} indeed jf

[10:27] {dino} ironically lowering taxes would spur growth

[10:27] {_jfjf64} indeed dino

[10:27] {Threei} right way to present the funding would be: 100% of those making less than 80K favor raising taxes on those making more than 100K

[10:27] {dino} they are going back to the 70s thinking

[10:28] {_jfjf64} by the way how obama stimulas doing

[10:28] {fernp} HA, any read Vad?

[10:28] {_jfjf64} kgc .05 break

[10:29] {Threei} 35% Say Stimulus Has Helped Economy, 33% Say It Has Hurt

[10:29] {_jfjf64} and

[10:29] {Threei} chart is right fern.. thin

[10:29] {fernp} true, ty

[10:29] {Threei} hard to tell

[10:31] {dino} mkt drop

[10:31] {fernp} UAUA breakdown, Vad?

[10:31] {_jfjf64} in

[10:31] {fernp} cant short UAUA

[10:32] {Threei} was shortable yesterday

[10:32] {Threei} really can't twell

[10:32] {Threei} it doesn't seem to work on breakdowns

[10:32] {Threei} rather drops off stalls at the high

[10:33] {ese} screens going red

[10:33] {fernp} cannot short as per sec! why "as per sec"? lol

[10:33] {Threei} we are going for triple digit red close, didn't you hear ese?

[10:33] {nemo} tht was yesterday

[10:33] {Threei} just an euphemism for "no inventory" fern

[10:34] {Threei} since SEC forbids shorting when not having shares

[10:34] {fernp} ok

[10:34] {Threei} it's every day nemo,... until comes true

[10:35] {Threei} AIG Fitch downgrades ILFC's rating two notches to BB+ from BBB (now junk status)

[10:35] {Threei} they mean AIG ever wasn't junk?

[10:35] {ese} ahhhhhhh the ole triple digit red close.........nudge nudge wink wink

[10:36] {Threei} hmmm... how did you manage to make it sound dirty?? :)

[10:37] {nemo} Monty Python

[10:37] {ese} well.......let me tell ya a story..........it all began in a smaalll toon

[10:37] {_jfjf64} comon kgc

[10:38] {_jfjf64} 1/1

[10:38] {_jfjf64} half out

[10:38] {dino} wcg sm l .87

[10:39] {dino} stop .59

[10:39] {Threei} good one jf

[10:39] {Threei} getting back into shape eh?

[10:39] {_jfjf64} yup

[10:40] {dino} gj

[10:40] {_jfjf64} out ty

[10:43] {ese} L stx .06

[10:44] {ese} fishing here a little ....we'll see what happens

[10:45] {ese} stop .94

[10:45] {ese} sm 1k

[10:46] {_jfjf64} 1k tip money for ya ese

[10:46] {ese} ahhhhh why yes it is..........why do you ask? hmmmmmmmm

[10:46] {_jfjf64} lol

[10:47] {Threei} NVDA

[10:47] {Threei} seems to be good for scalp

[10:48] {Threei} .55 - .56

[10:48] {Threei} stop under .50

[10:49] {fernp} FITB short, vad?

[10:50] {Threei} way too narrow

[10:50] {fernp} ok

[10:50] {Threei} NVDA 1:1

[10:51] {Threei} 1 stop is remedied so to speak

[10:51] {Threei} SEED Hearing takeover chatter circulating

[10:51] {Threei} - Brazil's Cosan rumored as a possible acquirer.

[10:52] {ese} if Q's can't break out above .69 i'm out there won't be enough momo

[10:53] {dino} orly es

[10:56] {dino} cab lod

[10:56] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET

[10:56] {Threei} **consensus expectations:

[10:56] {Threei} Crude: +1.7Me

[10:56] {Threei} Gasoline: +1.5Me

[10:56] {Threei} Distillate: -1.6Me

[10:57] {ese} i'll take that out stx .18 +.12

[10:57] {ese} will take a look at orly dino

[10:57] {dino} gj

[10:57] {_jfjf64} nvda ty vadd

[10:57] {Threei} 1:2

[10:57] {Threei} welcome sir

[10:58] {dino} ndx hod

[10:58] {dino} cab sm l .50

[10:58] {Threei} I know why we don't get trople digit red close

[10:58] {Threei} it's dino and larisa's fault

[10:58] {ese} what are you thinkin with orly dino

[10:59] {dino} long at .00

[10:59] {ese} bounce at .00

[10:59] {ese} just what i was thinkin

[10:59] {dino} wait

[10:59] {ese} momo is still dn......

[11:00] {ese} thinkin alike

[11:00] {Threei} *DOE CRUDE: +3.1M V +1.7ME; GASOLINE:+1.6M V +1.5ME; DISTILLATE: -2.9M V -1.6ME

[11:00] {ese} ya it has to reverse

[11:00] {dino} .80 should hold

[11:01] {ese} ya am gonna need to see a high low of some kind i think

[11:01] {nemo} .75

[11:01] {nemo} maybe the bottom of that tail

[11:01] {ese} higher low

[11:04] {dino} hmmm

[11:06] {Threei} market is rewady to reverse down here

[11:07] {nemo} arabic?

[11:08] {Threei} Long Setup: FAZ .80 break

[11:08] {Threei} scalp only

[11:09] {_jfjf64} stop

[11:09] {_jfjf64} at

[11:09] {_jfjf64} .75

[11:09] {Threei} two versions of stop:

[11:09] {Threei} under .70 for "normal" scalpers,

[11:10] {Threei} under .75 for extreme ones

[11:10] {Threei} if sets up not losing .75

[11:10] {nemo} usl still up after those oil numbers

[11:12] {ese} question....don't gold stocks normally move opposite the mrkt?

[11:12] {Threei} not necessary

[11:12] {Threei} this relation is ever changing

[11:12] {dino} watch dollar on gold reverse

[11:12] {Threei} lately they tend to move togather

[11:12] {ese} whats the symbol for that dino

[11:13] {ese} ya thats what i thought vad.....they've been moving together lately

[11:15] {Threei} FAZ spiked into resistance a bit too vertically

[11:15] {dino} uup

[11:15] {nemo} orly bounced at .75 but not sure yet

[11:15] {Threei} .75 break was better idea but happened too fast

[11:15] {dino} waiting

[11:15] {nemo} volume coming in

[11:16] {Threei} I'd prefer FAZ to pull back a little one more time, and hold above .75 to reestablish setup

[11:16] {Threei} yes, like this

[11:17] {Threei} liking the break again

[11:17] {ese} L auy .85

[11:18] {dino} xnpt lod

[11:19] {Threei} one look at XNPT daily should be enough to cure the desire to be, as magoo called them, an "inwestor"

[11:20] {Threei} just imagine a holder waking up today and seeing the quote

[11:20] {ese} wow no kidding.....

[11:20] {Threei} sheer disbelief... then blinding pain

[11:20] {nemo} marriage?

[11:20] {Threei} then beam of hope - "my quotes must be wrong"

[11:20] {dino} 5.95 area gut

[11:21] {Threei} then reading the news

[11:21] {Threei} conversing with other holders and drowning the pain in useless bitching about "crooks everywhere, they are after us, FDA, marketmakers etc"

[11:22] {nemo} schadenfreude Vad?

[11:22] {Threei} beam of hope: "oh it's so undervalued now, just consider it a gift and buy more"

[11:22] {Threei} did I mention more pain?

[11:22] {nemo} boy is really on a roll...

[11:22] {Threei} hehe

[11:23] {Threei} just saw it so many times

[11:23] {Threei} and experienced once

[11:23] {ese} nemo.......just saw your comment........thats funny man!

[11:23] {nemo} have my moments...

[11:24] {Threei} and no, not deriving any pleasure from it

[11:24] {dino} lol

[11:24] {nemo} nah...

[11:24] {Threei} rather feel for those who get caught

[11:24] {dino} clw

[11:24] {nemo} yeah you feel..."haha! suckers! it's your turn..."

[11:25] {ese} i take it you have some experience there........you seem to be coming from an exacting point of view

[11:25] {Threei} I mean, 13 years later I still remember the symbol of the stock that did just this to me

[11:25] {ese} me as well

[11:25] {nemo} dino, think one more flush on orly then break?

[11:25] {Threei} but in retrospection, I am thankful to it

[11:26] {Threei} it sealed my resolve to be a short term trader, and it taught me all-important lesson

[11:26] {Threei} trade what you see, not what you think

[11:27] {Threei} FCX

[11:27] {Threei} Freeport McMoran Copper & Gold Inc Ticking lower; hearing vague chatter of a possible secondary offering

[11:27] {Threei} - Follow Up: hearing Dahlman Rose defending stock; skeptical on possible secondary; currently rates FCX at a Buy

[11:27] {nemo} fcx is up 1.25

[11:28] {dino} wcg stopped, -.29, dumb trade of the day, had .40 on it

[11:30] {dino} clw to 50 strike, the games we play

[11:30] {nemo} getting volume in orly

[11:30] {nemo} looks like they're trying to sell it down, but it's holding

[11:31] {Threei} small plane crashes into building in Austin

[11:31] {Threei} what the deuce

[11:31] {Threei} third in as many days

[11:32] {larisa} pilot was XNPT investor?

[11:32] {Threei} and I am being called nasty?

[11:32] {Threei} by the way by this same girl

[11:32] {nemo} oops...orly broke support

[11:33] {Threei} MGM Expect Las Vegas room rates to remain soft in Q1

[11:34] {Threei} remain? how come they all claim rates are "soft" but I don't seem to be able to get any significant discount?

[11:34] {dino} ahh, you sure thats what they meant

[11:34] {larisa} you going to Vegas vad?

[11:34] {Threei} they sofrly charge you more?

[11:35] {Threei} no, had a long weekend in the fall when a few friends from different cities tried to plan a get-together there

[11:35] {Threei} it fell apart for other reasons,

[11:36] {Threei} but while planning was underway, research didn't yeild any significant savings vs normal prices

[11:36] {Threei} Small plane crashes into Austin, Texas building; reportedly building housed an FBI field office

[11:36] {Threei} - firefighters are on the scene.

[11:36] {Threei} well, unless you agree on Circus Circus that is... which I don't

[11:37] {larisa} X was too slow at the top, did not take 51.10 short.

[11:37] {Threei} finally FAZ... took its sweet time

[11:38] {Threei} - follow up: subsequent reports state the building is next to the local FBI headquarters building.

[11:38] {Threei} 1:1

[11:38] {Threei} I am out FAZ

[11:38] {Threei} second stop is take back

[11:38] {Threei} flat for the day

[11:38] {fernp} +4 here :-)

[11:39] {Threei} +$4?

[11:39] {fernp} yup

[11:39] {Threei} well, you do know what you can't do, right?

[11:39] {Threei} by no means spend it all at once, lest you cause hypwerinflation singlehandedly

[11:39] {fernp} yeah, lol

[11:43] {dino} wcg rinsed

[11:45] {nemo} orly at resistance

[11:45] {dino} clw wow

[11:46] {dino} orly sm l .75 stop .44

[11:46] {dino} clw waiting lower, 47.70s

[11:50] {strider} TM reverse c&h

[11:54] {dino} clw hmmm

[12:09] {nemo} fcx consolidating at 200

[12:16] {ese} \

[12:18] {Threei} (IA) IAEA: Iran's stockpile of enriched uranium over 2 metric tons from 1.8 metric tons prior, installed centrifuges up slightly to 8,610

[12:18] {Threei} - IAEA inspectors note they are concerned about possibility work is currently ongoing in Iran to design a nuclear missile.

[12:19] {dino} risky, wide clw sm l .40

[12:19] {dino} out .41, +1.01

[12:19] {strider} 60 second man

[12:20] {dino} hey

[12:20] {nemo} hit home dino?

[12:20] {dino} lol

[12:21] {nemo} took that out without even getting near trend resistance...sheeesh

[12:21] {nemo} at lunch...

[12:21] {nemo} you're nuts

[12:22] {strider} guys like dino walking around loose on the streets....just plain scary.

[12:23] {dino} infamous

[12:23] {dino} lets see if bottom holds

[12:24] {dino} report looks like a big beat

[12:25] {nemo} on clw

[12:25] {dino} yes

[12:25] {nemo} .25 spread .owww

[12:26] {dino} 1.48 to 1.33

[12:26] {Threei} ultimate kettle-pot case:

[12:26] {Threei} 12:21] {nemo} you're nuts

[12:26] {nemo} expert opinion

[12:27] {Threei} takes one...

[12:27] {nemo} my point...as you like to say...eqkzaktly

[12:27] {dino} been called worse

[12:27] {nemo} by me no less, you just didn't know

[12:28] {dino} i had a feeling

[12:29] {Threei} be back in 30 min guys, gotta get wife's car from the shop

[12:29] {larisa} wives always break things

[12:30] {Threei} they do

[12:30] {Threei} fine shiny things, too

[12:30] {strider} Best advice for women: don't become a wife....and you won't bfreak things.

[12:30] {larisa} hubby fixed switch. tried it 50 times, it worked. I tried it once, broke it again :)

[12:30] {strider} break

[12:31] {strider} It was a trick, larisa.

[12:32] {larisa} he is not practical joker usually :)

[12:33] {nemo} he's got a sense of humor though

[12:33] {nemo} I'll leave it at that...

[12:36] {dino} sm l .21 clw

[12:37] {ese} out auy .80 -.05...........it's saaa goin nowhere

[12:38] {Les} we in anything?

[12:38] {Les} Les IS back

[12:38] {nemo} COMA

[12:38] {Les} oh joy

[12:38] {nemo} by the way, the proper acronym is: AWIAV

[12:38] {dino} clw

[12:39] {Les} I believe that is copyleft of magoo Nemo

[12:39] {Les} good idea on the miners ese. GG .20 b/d was sweet

[12:39] {nemo} no...he was AWIA...I added the V

[12:39] {nemo} What's that guy's name from GNU...oh yeah...Stallworth

[12:40] {nemo} Free Software Foundation

[12:43] {ese} ya ....mine didn't work out though les.......although i sense some profit here eventually

[12:43] {Les} NTES has become thin. dino trade. but now under 50 & 200. I like it for a small short

[12:45] {dino} out clw .27, +1.06

[12:45] {strider} you shut up!

[12:46] {nemo} go home

[12:46] {dino} huh?

[12:46] {nemo} raise his taxes

[12:46] {strider} vad, throw this guy outa here.

[12:46] {nemo} indecent, obscene profits

[12:46] {dino} small guys, 300 sh

[12:47] {strider} oh, well...ok then.

[12:47] {nemo} let's see. 1st time...$300 for 1 minute's work

[12:47] {strider} never mind.

[12:47] {dino} whew

[12:47] {nemo} 2nd time...$300 for 10 minutes work

[12:47] {nemo} listen comrade....:)

[12:47] {dino} evil speculator that i am

[12:48] {dino} pullback

[12:48] {nemo} swm coughed up a firball today

[12:48] {nemo} holds 46 could have a reverse H&S

[12:48] {dino} sames industry clw

[12:49] {nemo} eureka...shoulda' known it was going to happen

[12:50] {dino} those paper/forest companies trade like "pulp"

[12:50] {nemo} gag

[12:50] {dino} "pulp moves baby"

[12:51] {Les} someone's doing god's work here

[12:52] {Les} nice trades dino. what were they?

[12:52] {nemo} FAS downward wedge into yesterday's close price

[12:53] {dino} clw twice

[12:54] {dino} around 45 i'll look again

[12:55] {dino} enoc dec gap fill

[12:56] {Les} MS range bound between .10 and 27. might be breaking out here

[13:00] {nemo} that texas plane crash was a guy trying to get the IRS building

[13:01] {Les} another crash?

[13:01] {nemo} http://www.foxnews.com/story/0,2933,586581,00.html

[13:01] {Threei} back

[13:02] {Les} well he crashed into the wrong floor apparently

[13:02] {dino} aap jump

[13:02] {dino} c'mon orly follow it

[13:03] {Threei} scrolling up, I see asylum is in full force

[13:03] {nemo} dino was verrrry bad.

[13:03] {Threei} the most disturbing thing though is, I feel right at home...

[13:03] {dino} understandable, lol

[13:03] {strider} we prefer to think of it as a refuge.

[13:04] {dino} the guys seem a bit disappointed in me vad, i disturbed their lunch w/work

[13:04] {nemo} no....obscene profits

[13:05] {Threei} can you really blane them dino...

[13:05] {dino} this politically correct way of talking about profits must stop. all profits are good

[13:05] {nemo} really?

[13:05] {dino} yes

[13:05] {nemo} So, if I mug a guy and steal his wallet...is that good

[13:05] {nemo} What's your address?

[13:06] {Threei} it's not?

[13:06] {dino} w/o breaking the law, profits are not obscene they are good

[13:06] {nemo} oh...

[13:06] {nemo} so do what congress says, not what they do?

[13:07] {dino} right

[13:07] {dino} like i tell my kids, do as i say....

[13:07] {Les} bunch of free thinking radicals here. gonna pass on some handles to the FBI

[13:07] {Les} or the IRS

[13:07] {dino} i will "shrug"

[13:08] {nemo} thanks "Atlas"

[13:08] {dino} i am going to read it again this spring

[13:08] {Threei} wow

[13:08] {nemo} don't...

[13:08] {Threei} that's what I call devotion

[13:08] {dino} it inspired me, seriously

[13:09] {Les} what's the author's name?

[13:09] {nemo} Ayn Rand

[13:09] {Les} funny, found her name on a kindergarden in episode of the Simpsons

[13:09] {nemo} you were in the army, weren't you?

[13:10] {Les} y

[13:10] {Threei} (GR) Greece names Petros Chistodoulou as new chief of debt management agency (related EUR/GBP NBG )

[13:10] {Threei} {Petros Chistodoulou} why, oh why... what did I do to you Zeus

[13:10] {dino} told couple friends to read it, one said no way heard it was controversial, other read it and called to say "it was the best book he ever read"

[13:11] {Les} yeh will get round to reading it

[13:11] {nemo} "controversial" not that

[13:11] {dino} well, that guy is a bit of a religous nut

[13:12] {nemo} probably believes Mary was a virgin

[13:12] {Threei} I'd guess most so-called progressives consider it either controversial or work of evil

[13:13] {dino} indeed. but as i tell my kids, just because they say it is so, does not make it so. think, what do they believe that is not true

[13:13] {larisa} A German luger, who won a silver medal at the 2010 Winter Olympic Games in Vancouver, broke his tooth after reporters asked him to bite his medal for photo :)

[13:14] {dino} ouch

[13:14] {larisa} this is devotion :)

[13:14] {dino} wcg waking

[13:14] {Threei} rofl

[13:14] {nemo} just a thought...

[13:14] {nemo} FCX will likely have problems at 76, if not, could be long

[13:14] {Threei} wow, market is totally locked

[13:14] {nemo} got vwap and 200 right there

[13:17] {dino} regn blood

[13:17] {Les} GG for .30 b/o?

[13:18] {nemo} how is oil up after that report?

[13:20] {dino} wcg sm l .01

[13:21] {Threei} I doubt it les

[13:21] {Threei} just random

[13:21] {Threei} (GR) Greece Fin Min:EU must provide Greece with more specific requirements; have measures in place to attain budget goals even if GDP declines more than expected

[13:21] {Threei} - cannot rule out a VAT increase and evaluating all options

[13:21] {Threei} - notes it is unlikely will request assistance from IMF but cannot rule the option out

[13:21] {Threei} - remarks that recently highlighted swap deals with banks were legal

[13:27] {Threei} last few days this boring consolidations was resolving into upside move

[13:27] {Threei} iperating under assumption that this is going to be today's case as well,

[13:28] {Threei} Short Setup: VXX .60 breakdown

[13:29] {fernp} .65 or .70

[13:29] {nemo} vwap .72

[13:29] {nemo} 200 ma rather

[13:29] {fernp} ok

[13:30] {Threei} yeah, .65 is way too close

[13:30] {nemo} .66 resistance

[13:31] {dino} my scanners all green

[13:47] {Threei} VXX slowly working its way toward 1:1

[13:47] {fernp} yes

[13:47] {Threei} those superpesky superscalpers got that already

[13:48] {Threei} Les, note the VXX short play, which is essentially long the market... despite my "triple digit red" refrain

[13:48] {ese} L orly .91

[13:48] {Les} saw the call, but just back now from dinner

[13:49] {Threei} Senator Dodd plans to introduce financial regulation reform bill next week - WSJ (related XLF )

[13:49] {Threei} estimed senator doesn't want to introduce "throw the bums out, start with me" bill?

[13:49] {Threei} esteemed too

[13:49] {Les} but the technicals looked good. indices bouncing off moving averages

[13:49] {nemo} he's retiring

[13:49] {Threei} it's not the same nemo...

[13:49] {Threei} less satisfactory

[13:49] {nemo} I know

[13:50] {Les} If Dodd wants a life as lobbyist, he'd wanna be nice with his fellow senators in creating this bill

[13:51] {nemo} big C&H on fcx

[13:53] {Threei} wow larisa

[13:53] {Threei} you called it

[13:54] {nemo} what she call

[13:54] {Threei} pilot left suicidae note before crashing in the building

[13:54] {nemo} yeah burned his house

[13:54] {Les} was he aiming for IRS?

[13:54] {Threei} this intuition of them, switch breakers...

[13:55] {Threei} VXX baby

[13:55] {Threei} out

[13:55] {Threei} .43

[13:55] {fernp} ty

[13:55] {Threei} this one officially takes us in the black for the day

[13:55] {dino} heading up

[13:57] {Threei} over 1:2 who has more patience than I do

[13:58] {dino} patience does i would guess

[13:58] {i2romantis} haven't seen patience on here for awhile

[13:59] {i2romantis} people come and go?

[13:59] {ese} out orly .96 +.05

[13:59] {ese} slim pickens these days

[13:59] {dino} blast off coming imo, es

[14:00] {ese} ya....am gonna miss it....have to go and teach a choir

[14:01] {Les} cool

[14:01] {ese} are you long orly dino

[14:01] {dino} yes at .75

[14:02] {ese} nice......i wasn't concentrating on it....oh well will take my 5 cents

[14:02] {dino} green os green, gj

[14:02] {dino} os-is

[14:03] {dino} feels like a reafan moment on orly, "tear down that wall"

[14:03] {dino} f=g, sheesh

[14:04] {ese} take care all catch you tomorow

[14:04] {Les} bye

[14:04] {dino} cya

[14:04] {Threei} take care ese

[14:06] {Threei} Scared out of their wits, two crash dummies categorically refused to get in Toyota

[14:06] {Les} hmmm

[14:06] {dino} machines taking over

[14:06] {i2romantis} lol

[14:07] {Threei} got an e-mail with car-related jokes

[14:07] {Threei} liked this one the most

[14:07] {Threei} second place I'd give to:

[14:07] {Threei} In the latest news: "Ford to make heated rear bumper as part of the upgrade package" We have listened to our customers who said their hands are freezing when pushing our cars off the road

[14:08] {Les} that's funny

[14:08] {i2romantis} lol

[14:09] {Les} .70 break on XNPT vad?

[14:09] {Threei} well... chart is right... I just don't believe in this stock

[14:10] {Threei} this kind of crashes rarely resolves into easy to play bounces

[14:10] {Les} got 50 ma coming up hard and fast under it. looking to see if it can give it a push

[14:11] {Threei} I personally won't play it but will watch with childish curiosity in my ever-inquiring eyes

[14:14] {dino} was looking at it at .50 break but chickened out, gut wanted 5.95ish

[14:14] {dino} there may be "better worlds than this" les

[14:14] {Threei} totally

[14:15] {Les} yeh. how do you keep on top of all your plays dino?

[14:15] {Threei} vodka

[14:15] {dino} i watch them

[14:15] {dino} hard stops help

[14:15] {Les} multiple screens? you just rotating through your daily list

[14:15] {dino} yes and what my .07 scanner spits out

[14:16] {Les} one of these days will try to list your stocks at opening and continuously monitor them

[14:18] {Les} when the kids are 18 and out of my hair

[14:18] {Threei} again... vodka

[14:19] {dino} fwiw, my daily watch amsc, apol, bwld, enoc (missed entry at .25, ugh), esi, fcx, fdx, fti, gld, ibm, intc, joyg, jst, kss, plce, mos, pot, pwrd, snda, rino, swm, uos, new today, xnpt, wcg, nvda, cab, clw, regn, aap

[14:19] {dino} and oil, $, s/p,ndx/dji

[14:19] {Les} those (except new today) are your regular daily list?

[14:19] {dino} ups, not uos

[14:19] {nemo} triple digit day coming

[14:20] {dino} yes. they change periodically

[14:20] {strider} ya think? which way?

[14:20] {dino} todays new will flot for few days

[14:20] {dino} float/stay

[14:20] {dino} others will drop

[14:20] {Les} ok. first few days they make reasonable plays do they?

[14:21] {dino} yes

[14:21] {Threei} why did we ever bother to cover VXX?

[14:22] {dino} for me les, something that moves big up/down one day is a player until it gets back to the prior point. ex: swm last week, and the new ones today

[14:23] {Threei} dino is counter-trend player on the extreme moves

[14:23] {Threei} and he likes them thin

[14:23] {nemo} stocks?

[14:23] {dino} gals too

[14:24] {Les} ok. I can see SWM has found new equilibre so it is finished for you?

[14:24] {dino} clw drop, its a list maker for few days now

[14:24] {dino} well swm has nice daily of 3 bucks give or take, so we watch it

[14:25] {Les} sorry looking at wrong time frame. yes it is still moving

[14:25] {dino} when that tightens, we drop it

[14:25] {Threei} real liufe and activity will return when we finally reverse backj down, I believe

[14:25] {dino} i use intraday, 5 day120 day, year, and 2 year

[14:26] {Les} yeh but in meantime happy to learn trades that aren't dead as yesterday's... cake, was it?

[14:27] {Les} vxx

[14:27] {dino} everybody says down 3i, gut says too easy

[14:27] {Threei} yup, that's what works day after day

[14:28] {Threei} move against obvious

[14:28] {dino} of course, anything can happen

[14:28] {Threei} the day when yo and larisa finally take my bet we reverse

[14:29] {dino} heres a question, what does china do when opens next week?

[14:30] {dino} and in 3i's court, the main problem i see is cramer is really getting bullish and last week he was gloomy, so contra-indicator

[14:37] {nemo} feels like off to the races soon

[14:38] {dino} clw

[14:46] {dino} lod clw

[14:47] {dino} hate to see them post a miss

[14:47] {nemo} vad wouldn't

[14:48] {nemo} fighting to hold the low

[14:48] {dino} bouncing

[14:48] {dino} think i missed it

[14:48] {dino} perfect db

06[14:49] * nemo slaps dino around a bit with a large trout

[14:49] {dino} lol

[14:50] {nemo} you just wussed out under peer pressure...didn't want to get heckled for obscene profits

[14:51] {dino} no, it felt different, still does, feels lower

[14:53] {Les} half out vxx +.10

[14:54] {dino} gj

[14:55] {Les} needed that. ty. forgotten how to scalp

[14:56] {Threei} how did you manage to forget how to scalp

[14:56] {Threei} when we do that all day every day

[14:57] {nemo} you forget who you're talking to

[14:57] {Threei} lol

[14:57] {Les} belt up nemo

[14:57] {nemo} triple digits green coming

[14:57] {dino} giddy-up

[14:57] {nemo} you belt up dude

[14:58] {Les} trying to take more than a scalp in these last few days of meandering markets. paying for it.

[15:00] {Threei} btw fern

[15:00] {nemo} well, I'm off...flat for today cu 2morow

[15:00] {Threei} rember question about FITB, and answer about it being too narrow?

[15:00] {Threei} look at it

[15:00] {dino} cya fern, nemo

[15:01] {Threei} take care nemo

[15:01] {Les} ciao nemo

[15:03] {dino} out orly .10, +.35

[15:08] {Threei} IMF: USD and EURO are 'overvalued'; Yen is now in line with fundamentals (related EUR/USD USD/JPY EUR/JPY )

[15:08] {Threei} vs what?

[15:11] {Les} all out vxx +.20

[15:11] {Threei} wtg

[15:14] {dino} gj

[15:15] {Les} ty. watching CLW for a 44 b/d setup

[15:15] {Les} oops

[15:16] {dino} clw new lows

[15:21] {Threei} White House CEA's Summers: Expecting to see job creation at some point in 2010

[15:21] {Les} that guy isn't fired yet?

[15:21] {Threei} heh

[15:22] {Threei} can't believe he was hired

[15:22] {Threei} but if Timmy was, what else is neqw

[15:26] {Les} XNPT bouncing. maybe .70 b/d

[15:26] {Threei} Short Setup: AMLN .90 break

[15:26] {Threei} .95 resistance

[15:28] {Threei} Meredith Whitney: Financial stocks will suffer as 'Govt takes the punch bowl away'; expecting lower comps - CNBC interview

[15:29] {Threei} BAC is the 'less worse bank' among banking sector

[15:29] {dino} sm l .00 clw

[15:30] {dino} stop lod

[15:33] {dino} out .47, +.47

[15:33] {Threei} nice

[15:33] {dino} ty

[15:34] {Les} quick. tried to follow you but it was already gone

[15:34] {dino} i just used quarter theory

[15:35] {Threei} if you find a quarter, pick it up?

[15:35] {Les} is it that consistent, quarterly changes?

[15:35] {Threei} I like that theory

[15:35] {dino} lol, .00, .25, .50 etc

[15:35] {Threei} :)

[15:36] {dino} of course cab doesn't get the theory.75 should push it up

[15:37] {Threei} the most boring day in quite a while

[15:38] {Threei} Market Internals update at 3:30pmET

[15:38] {Threei} - NYSE volume 680M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.

[15:38] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; advancers lead decliners by 1.1:1.

[15:38] {Threei} - VIX index -4.0% to just under 21.00

[15:38] {Les} I hope VIX doesn't return to previous lows

[15:39] {Threei} if it does, snapback will be horrific

[15:40] {Threei} nore from Meredith:

[15:40] {Threei} - BAC is the "least worst bank" in the sector, BoA has alot of assets to sell and can raise more capital than any other bank (note: in the latest round of quarterly holdings filings many activist hedge funds disclosed increase holdings in BAC and Citigroup, as well as some other large banks).

[15:44] {Threei} US Treasury Sec Geither: Economy beginning to heal; expecting for it to continue to improve

[15:45] {Threei} UN cafeteria has been closed due to a 'suspicous envelope' - Chinese media

[15:45] {dino} they call that meatloaf

[15:45] {Threei} lol

[15:46] {dino} out cab .80, +.30 all dayer

[15:47] {dino} wcg stopped -.28

[15:49] {dino} calling it a day, thx all, good ideas, best day this month for me

[15:49] {Threei} wtg dino, see you tomorrow

[15:49] {Les} ciao

[15:49] {fernp} gj dino

[15:49] {dino} :)

[15:50] {Threei} (CH) China Foreign Min: "Strongly dissatisfied" with Dali Lama visit

[15:52] {Threei} AMLN 1:1

[15:52] {fernp} ty very much

[15:52] {Threei} that cements day as profitable

[15:53] {Threei} not stellar mind you

[15:53] {fernp} true

[15:53] {Les} ty. missed your first VXX call which would have been sweet.

[15:54] {Threei} Toyota Motor Corp US House commitee subpoenas documents on vehicle recalls

[15:54] {Threei} - reminder: Toyota's CEO Toyoda declined to accept the panel's invitation to appear at a Feb 24 hearing on the matter

[15:55] {Threei} takes nasty turn

[15:56] {Threei} okay guys, thank you all

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {Les} ty. c u tomorrow

[15:57] {fernp} Good evening everybody. See u all tomorrow

Wed Feb 17 2010

Nicely profitable day, thanks to a few TM shorts, CYCC big shares long and a few scalps on VXX and AMSC.

Session Time: Wed Feb 17 00:00:00 2010

[07:51] {Threei} (US) White House Econ Advisor Romer: Sees employment stabilization in US; White House expects to see positive numbers by spring (related EUR/USD TLT SHY SPY )

[07:51] {Threei} CYCC Journal publishes study data suggesting Seliciclib can treat breast cancer resistant to hormone therapy (update

[07:51] {Threei} - A newly published study demonstrates that seliciclib (CYC202 or R-roscovitine), an orally available inhibitor of multiple cyclin-dependent kinases (CDKs), reversed resistance to the aromatase inhibitor letrozole (Femara) and killed hormone receptor positive breast cancer cells that had become insensitive to the effects of letrozole. The new study was published in the current edition of Clinical Cancer Research, a journal of the American Association for Cancer Research. Seliciclib is currently in Phase 2 clinical trials for non-small cell lung cancer and nasopharyngeal cancer.

[08:01] {nemo} another big gap day

[08:01] {nemo} yahoo

[08:01] {Threei} sigh

[08:06] {nemo} DE up 4.50 on earnings

[08:10] {Threei} US) Preview: Jan Housing Starts data due out at 8:30am ET

[08:10] {Threei} - Housing Starts: Consensus expectations are 580Ke

[08:10] {Threei} US) Preview: Jan Import Price Index due out at 08:30ET

[08:21] {Threei} (GR) EU StatsAgency: Greece denied using currency derivatives to hide debt

[08:22] {Threei} - Agency issued guidance to government on use of derivatives in March 2008

[08:22] {Threei} - Sees need for a harmonization of accounting practices in Europe.

[08:30] {nemo} housing good? fas just jumpe

[08:31] {Threei} US) JAN HOUSING STARTS: 591K V 580KE; BUILDING PERMITS: 621K V 620KE

[08:31] {Threei} - Prior Housing Starts revised higher from 557K to 575K

[08:31] {Threei} US) JAN IMPORT PRICE INDEX M/M: 1.4% V 1.0%E; Y/Y: 11.5% V 10.8%E

[08:32] {Threei} Toyota troubles deepen

[08:32] {Threei} possible Corolla recall, power steering problems

[08:32] {Threei} boy...

[08:36] {Threei} 5:42:01 PM

[08:36] {Threei} Toyota Motor Corp To idle production at Texas and Kentucky assembly plants for several days in coming months amid lower demand after recalls - Nikkei News

[08:36] {Threei} - Separate feature from The Times notes company is also considering halting production at its Derby, UK facility.

[08:36] {Threei} 7:34:55 PM

[08:36] {Threei} Toyota Motor Corp Regulators in the US have demanded documents in order to determine if TM's recalls were done in a timely manner - WSJ

[08:36] {Threei} - The document request is from the US National Highway Traffic Safety Administration (NHTSA)

[08:36] {Threei} - The NHTSA may also study if the scope of Toyota's recalls was too limited.

[08:42] {Threei} (GE) IFO's Nerb reiterates view that Weaker euro currency helps the industrical sector of Germany

[08:42] {Threei} - Current EUR/USD exchange rate a positive for German manufacturers

[08:43] {Threei} race to the bottom continues

[08:59] {Threei} US) Preview: Jan Industrial Production and Capacity Utilization due out at 09:15ET

[08:59] {Threei} **consensus expectations:

[08:59] {Threei} - Industrial Production: 0.7%e v 0.6%

[08:59] {ese} morning

[08:59] {Threei} ese :)

[08:59] {fernp} Good morning everybody

[09:00] {ese} fern

[09:01] {Threei} fern :)

[09:02] {nemo} amzn back near the lows...it's weak

[09:04] {Les} afternoon

[09:04] {nemo} yeah, for gmt +1

[09:04] {Threei} kes :)

[09:05] {Les} kes? why not...

[09:05] {Les} you reckon we can ride amzn Nemo? Yesterday's chart looks good

[09:06] {nemo} well...it was weak all day yesterday, an it's showing weak again today

[09:09] {larisa} gm :)

[09:09] {Threei} larisa :)

[09:09] {larisa} vad :)

[09:15] {Threei} *(US) JAN INDUSTRIAL PRODUCTION: 0.9% V 0.7%E; CAPACITY UTILIZATION: 72.6% V 72.6%E

[09:15] {billyc} gm all

[09:15] {Threei} billy :)

[09:17] {dino} gm all

[09:17] {Threei} dino :)

[09:17] {dino} tm bad news continues

[09:18] {lasertrev} morning

[09:18] {Threei} yeah, barrage

[09:18] {Threei} trev :)

[09:19] {Les} yesterday was such a dead day, might keep amzn on screen

[09:19] {ese} anything in this pre mrkt catching your attention vad?

[09:19] {Threei} keeping an eye on CYCC

[09:19] {Threei} TM

[09:19] {ese} tks

[09:20] {strider} DE

[09:20] {ese} am gonna watch with you.....have too many details on my mind ......am gonna go along with your thinkin

[09:21] {ese} .80 break per chance

[09:23] {Threei} on what ese?

[09:23] {nemo} tm?

[09:24] {ese} cycc

[09:25] {Threei} I'd prefer pullback

[09:25] {Threei} breaks on these thick ones often turn into torture

[09:25] {ese} ahhhhh ok

[09:31] {Threei} Dealers comment on the recent 'surge' in the ECB overnight loan facility

[09:31] {Threei} - Dealers seemed to focus on the ECB overnight lending facility and the recent spike up in borrowings. The take-up in the o/n facility has been large but markets have assumed that Thursday's report should paint a different picture as the one-week week auction should bind the gap. However, dealers do caution that IF the large overnight borrowings remainin the system then perhaps the European peripheral situation is a larger problems then the recent soothing rhetoric from the Eurogroup and Ecofin admits. Some speculation that the recent surge was a failed Greek repo trade which has now been bridged.

[09:31] {Threei} Short Setup: TM .75 break half lot

[09:31] {Threei} if stays under .90

[09:32] {strider} no bids between .75 and .70

[09:32] {Threei} invalidated for now

[09:33] {Threei} but worth keepoin g on a backburner

[09:34] {dino} vmi

[09:35] {ese} cycc toughts vad

[09:35] {ese} thoughts

[09:36] {Threei} around .75 I'd feel mich safer

[09:36] {Threei} TM reestablished

[09:37] {ese} hmmmmm good to know....thats kinda what i was hinking as well......

[09:37] {ese} maybe i am learning something vad

[09:37] {nemo} tm

[09:38] {Threei} either original setup, or stop above .95

[09:38] {Threei} kind of discretionary decision

[09:38] {nemo} spy db

[09:40] {Threei} SIGA Strength attributed to speculation that SIGA could be among potential awardees for US govt medical countermeasures contract that is scheduled to be awarded on or about September 16, 2010

[09:40] {Threei} - proposals for the contract are due March 15, 2010 and the contract will be awarded in Sept.

[09:43] {Threei} 1:1 TM

[09:43] {Threei} should go more

[09:43] {Threei} half out

[09:44] {Threei} stop to .80

[09:44] {Threei} scalpers are scalpers

[09:45] {larisa} real mess this morning at MBT. all BP show 0.00 :) people screaming, server down, help lines busy.

[09:46] {Threei} 1:2 TM

[09:46] {Threei} out 1/4 more

[09:46] {Threei} +.40

[09:46] {Threei} stop to .70 for the l;ast part

[09:47] {dino} cov tm .37, +.38

[09:47] {dino} ty vad

[09:47] {Threei} welcome sir

[09:48] {Threei} starts looking like double bottom bounce

[09:48] {ese} L sqnm .51

[09:48] {Threei} don't wast to go long on it

[09:48] {Threei} but trailing stop to abpove .60

[09:49] {Threei} aww, forgot about SQNM

[09:49] {Threei} thought of yesterday's high break

[09:50] {Threei} ok TM, let's lose .30 and die

[09:50] {ese} out .54 +.03

[09:51] {Les} amzn bounce before b/d methinks

[09:57] {Threei} Short Setup: WFC .50 break

[09:57] {Threei} if stays below .55

[09:58] {Threei} done with last portion TM

[09:58] {Threei} lol, I still feel it's a $30 stock

[09:59] {Threei} anyway, that was a good way to start the day

[09:59] {Threei} ese, caught CYCC under .80?

[10:00] {dino} fcxsm l .66

[10:00] {ese} no.........was waiting for you to take a look

[10:01] {Threei} I got a bit stretched out... just looked at it

[10:01] {ese} although quick breakout at .95 looks lpromising

[10:01] {Threei} or pullback into .85

[10:01] {ese} indeed

[10:03] {dino} out fcx -.10

[10:04] {Threei} neat tight stop for such a stock

[10:04] {Threei} what the deuce

[10:04] {Threei} missed CYCC again

[10:04] {dino} mkt dropped so did i

[10:04] {fernp} en SDS

[10:05] {Threei} it wasits for me to look somewhere else to do what I expecteds it to

[10:05] {dino} open gap fills on the way

[10:05] {dino} cat not really following de

[10:10] {fernp} WFC stopped

[10:10] {nemo} and then some

[10:15] {Threei} Long Setup: AMSC 32 break

[10:15] {Threei} if stays above .90

[10:16] {Threei} 1:1

[10:16] {fernp} missed

[10:17] {nemo} grabbed coffee

[10:17] {Les} didn't chase

[10:17] {larisa} lol

06[10:17] * Threei shrugs and removes himself to a monastery

[10:17] {Les} hear no evil, see no evil, speak no evil

[10:17] {nemo} this is my monday...I catch the stop miss the winners

[10:19] {dino} sm l pwrd .44

[10:21] {Threei} magoo's favorite stock moves

[10:21] {Threei} HIHO

[10:22] {Les} short vxx for a possible b/o here? say .30?

[10:22] {Threei} hmm

[10:22] {Threei} worth a try I guess

[10:23] {Threei} market shows breakout forming

[10:25] {Threei} smackdown right from the break level

[10:26] {Les} yeh found myself prematurely evacuating

[10:27] {Les} what, not biting Nemo?

[10:28] {Les} TM coming back to lod

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

[10:28] {Threei} nears 52 week high

[10:34] {dino} giddy-up

[10:34] {Threei} VXX 1:1

[10:37] {Threei} AONE Strength attributed to yesterday's filing disclosing a new stake by Qualcomm

[10:38] {strider} tm

[10:39] {Threei} breakdownish look

[10:39] {Threei} inverted C&H

[10:39] {strider} short .38

[10:39] {strider} .28

[10:41] {Threei} EUR/USD Moves below 1.3690 which was seen as short term techincal support

[10:42] {Threei} new low TM

[10:44] {Threei} anyone found a play in ACOR?

[10:53] {nemo} amzn triangle

[10:56] {Les} big buy order .11 on TM

[10:58] {Threei} you covered any strider?

[10:59] {strider} oh, I'm out ...looking to get back in, though.

[11:00] {strider} Since it seems to bounce when breaking support, thought I'd wait for a break of .11, and put in an offer of .17

[11:00] {strider} whoops

[11:00] {nemo} yeah, I was reading the essage when it broke

[11:00] {nemo} message

[11:00] {Les} scared crap out of me . short .10

[11:00] {strider} didn't boiunce this time.

[11:01] {Threei} still may

[11:01] {Threei} too thin to go one way for too long

[11:03] {strider} HOG constipated

[11:03] {strider} won't give it up.

[11:03] {Threei} {HOG} leave my colon alone

[11:04] {strider} some people would call this consolidation before a breakout.

[11:04] {nemo} smells like cologne...

[11:04] {strider} doesn't sound like it though.

[11:04] {nemo} fcx low

[11:08] {Les} amzn

[11:10] {Les} U got a working hypothesise for close vad? doji? down? up?

[11:10] {Threei} down

[11:10] {Threei} triple digits

[11:10] {nemo} broken record :)

[11:10] {Threei} of course I had the same for yesterday, and we all know how well it worked

[11:10] {Les} lol

[11:10] {nemo} it was triple digits

[11:10] {dino} keep betting red

[11:11] {Threei} UA) IMF: Directors have agreed that the Dirham peg to the USD has been positive; assisted economic stability

[11:12] {Threei} so why don't we all peg to USD and be done with whole currency trading thingy?

[11:12] {Les} Dirham - had to look that one up

[11:12] {Threei} look up rougrick while you are at it

[11:13] {Threei} tougrick

[11:13] {Threei} and hryvnya

[11:14] {Les} no luck on tougrick

[11:15] {Les} funny, thought Russian influence in Ukraine extended to currency as well

[11:15] {Threei} gosh, they have too many spellings for that currency

[11:15] {Threei} tugrik

[11:16] {Threei} grg

[11:16] {Les} got it

[11:16] {nemo} nice...how you do umlauts?

[11:16] {dino} enoc sm l .20

[11:16] {nemo} or diaresis

[11:17] {nemo} Vad, how'd you get the two dots?

[11:17] {Threei} just copied and pasted

[11:18] {nemo} really

[11:18] {Threei} Fed's Bernanke to testify before a House committee on Feb 24 dealing with exit strategies

[11:18] {Threei} - Note: This testimony was delayed from 2/10; when Bernank's written text was released: Highlights: - TAF and TALF will be phased out before long (scheduled to close June 30 for all loans); any change in discount rate would be modest.- Should not expect sale of securities in the short term (Note: Bullard recently noted that the Fed would sell assets in the 2H10); would sell securities once the recovery is considered "sufficiently advanced."- Will use use interest on banking reserves as the focal policy target.

[11:19] {Les} TM

[11:19] {Les} out +.20

[11:19] {Les} crap

[11:19] {strider} hemorrhage, TM

[11:20] {Threei} it's not $30 yet?

[11:20] {Threei} strange

[11:20] {strider} main artery

[11:20] {dino} stoped enoc

[11:21] {strider} got your buy order in down there, vad?

[11:21] {Threei} no, will reevaluate when it gets there

[11:22] {strider} Maybe they'll have a 'buy a car, get free stock' plan.

[11:23] {Threei} IMO{ real scope of troubles is yet to reveal itself

[11:23] {Threei} it's not just a recall, "fix and be done with it"

[11:24] {Les} what, you think this "cut corners" CEO has done more lasting damage

[11:25] {Les} ?

[11:25] {Threei} whole story is way more than just a quality problem

[11:26] {Threei} it's undermining of Toyota major strength

[11:27] {Threei} it takes away the main reason why people preferred their cars over competitors

[11:28] {Les} unless they work 200% to return that quality ASAP

[11:28] {Les} TM

[11:36] {dino} open gaps filled

[11:36] {Threei} sorry, got distracted for a min

[11:36] {Threei} it's worse than that Les, IMO

[11:36] {Threei} the development makes people question whether that praised quality was there in a first place

[11:37] {Threei} indications are the problems are now new

[11:37] {Threei} not new

[11:37] {Threei} and were hidden and avoided

[11:37] {fernp} jpm .94

[11:37] {Threei} that undermines faith, integrity

[11:38] {Threei} CYCC Update: Merriman reiterates Buy rating, price target $7-8

[11:40] {Threei} hmmm

[11:41] {Threei} you'd expect $3 dollar stock jump on such target, even reiterated

[11:41] {Threei} Short Setup: RIMM .55 break

[11:41] {Threei} .65 resistance

[11:42] {dino} fcx gap around 76.75

[11:42] {dino} 73.75

[11:43] {Threei} TM no even bounces anymore

[11:43] {Threei} just straight down

[11:43] {nemo} .95 is s3 support for fcx

[11:44] {Threei} Cyclacel Pharmacutical Inc Update: Merriman reiterates Buy rating, price target $7-8

[11:44] {Threei} - Firm finds it encouraging that seliciclib is showing evidence of efficacy in a variety of important tumor types.

[11:44] {Threei} - Reminder: Cyclacel announced today the publication of pre-clinical data pertaining to seliciclib and its use in killing aromatase inhibitor-resistant breast cancer cells.

[11:45] {Threei} let's tighten RIMM to above .60... lunch time is lunch time

[11:46] {Threei} no point in giving it much room

[11:46] {Threei} lol, who would have thought RIMM could be played with 5 cents stop

[11:47] {nemo} nw

[11:49] {Threei} out

[11:49] {fernp} me too

[11:54] {dino} enoc gap fill dec

[11:56] {dino} sm l .13

[12:00] {nemo} amzn respecting trendline

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

[12:00] {Threei} - NYSE volume 425M shares, about 1.5% below its three-month average; advancers lead decliners by 1.2:1.

[12:00] {Threei} - NASDAQ volume 970M shares, about 4% above its three-month average; advancers and decliners are about even.

[12:00] {Threei} - VIX index +0.35% to just over 22.00

[12:01] {dino} fcx sm l .25

[12:02] {ese} .

[12:03] {dino} .

[12:05] {Threei} all good points

[12:05] {Les} point being?

[12:05] {Les} s amzn .99

[12:06] {Les} rimm spike down

[12:07] {Threei} EK Reportedly getting patent review to block imports of iPhone and Blackberry - unconfirmed report (related AAPL RIMM )

[12:12] {ese} ahhhhhhhh I didn't get it.....but now i do. dino and I signed in with a period.....witty vad very witty!

[12:12] {ese} ya see....school never did me no harm.......it only took me 7 minutes to get it

[12:13] {Threei} lol

[12:14] {dino} hmmmmm

[12:14] {_jfjf64} hello my friends

[12:14] {Threei} jf!!

[12:14] {ese} just scanning through stocks.......don't know what to look for really.....

[12:14] {Threei} welcome back

[12:14] {ese} jf

[12:14] {dino} hi jf

[12:14] {_jfjf64} im back

[12:14] {Threei} man, are you taking superlong vacations or what

[12:14] {_jfjf64} vad

[12:14] {_jfjf64} ese

[12:15] {_jfjf64} dino

[12:15] {_jfjf64} long vacation lol

[12:15] {ese} jjjjjjjjjjjjjjjjjjjjjjjjjffffffffffffffffffffffffff!!!!!!!!!!!!!baby.........there you gothe bi welcome back

[12:15] {ese} big

[12:15] {_jfjf64} ty

[12:16] {Threei} how's Italy?

[12:16] {_jfjf64} was good

[12:16] {_jfjf64} spent all my cash lol

[12:16] {Threei} you haven't been to Greece, have you?

[12:17] {ese} js....is that where you were? Thats where my family and i are headed Mar 5

[12:17] {Threei} just wondering, maybe your spending would have saved them

[12:17] {_jfjf64} funny

[12:18] {Threei} watching TM for topping out and resuming downtrend

[12:18] {Threei} volume dried up... not sure if this is a topping sign or simply lunch time, can't tell

[12:19] {Threei} larisa, this is closer to your setups than mine... see any signs on TM beong ready to drop again?

[12:19] {larisa} it actually broke downtrend when went over .25

[12:19] {Threei} it did

[12:19] {Threei} but it has to break uptrend at some point

[12:19] {Threei} which is what I am looking for

[12:40] {Threei} OK, who is ready to try

[12:40] {Threei} Short Setup: TM .60 break if stays under .70

[12:40] {Threei} half lot

[12:40] {_jfjf64} $$

[12:44] {Threei} ESE

[12:44] {Threei} CYCC

[12:44] {Threei} probably makes sense now with stop under .65

[12:44] {dino} out pwrd +.40

[12:45] {Threei} ugh... upticked while I typed

[12:45] {Threei} ok, back into buying zone

[12:45] {Threei} (US) Fed's Plosser: Fed faces threats to its independence

[12:47] {Threei} favors selling MBS as the economy strengthens

[12:47] {Threei} - Modest economic recovery has begun, seeing some signs of slow recovery in job market.

[12:47] {Threei} - Wants to end Fed emergency lending powers

[12:47] {Threei} - Auditing monetary policy would be a bad idea, would compromise the Fed's rate setting powers.

[12:47] {Threei} no really?

[12:47] {nemo} should we tighten stop on tm it's looking long

[12:48] {Threei} where do you tighten it... :)

[12:48] {nemo} .65

[12:48] {Threei} above .65?

[12:48] {nemo} yeah

[12:48] {Threei} well... whole trade is discretionary, so why not this too

[12:48] {nemo} hehehehe

[12:49] {Threei} I think auditing my taxes is a bad idea, it would compromise my spending powers

[12:50] {ese} hey vad....was on the phone to questrade.......talking about closing out my acct in the future and getting my P/L statement for the year

[12:50] {Threei} get them to show P as theirs and L as yours

[12:50] {ese} what are ya thinkin with cycc

[12:50] {Threei} may help with taxes

[12:51] {Threei} I thing .70 with stop under .65

[12:51] {Threei} think

[12:51] {ese} how do you mean

[12:51] {Threei} never mind, my hyppopotamus sense of humor

[12:51] {ese} ha ha

06[12:52] * Threei hits TM over the head with 2x4

06[12:52] * Threei hits TM over the head with 2x4 endowed with rusty nails

[12:52] {ese} L cycc .71

[12:52] {nemo} out scalp ty

[12:52] {Threei} welcome

[12:53] {ese} sm 4k

[12:53] {ese} 3k

[12:53] {ese} can't read when i type now....sheesh

[12:53] {Threei} shrug

[12:54] {nemo} wow...DE has been steadily down since the open

[12:54] {Threei} try can't read, can't type, too lazy ti think, and when try to type wioth my elbows pout of curiosity - find out that somehow it's worse than if I type with my knees

[12:56] {ese} lol

[12:58] {nemo} boy, we lucked out on tm

[12:58] {dino} gj

[12:58] {nemo} 73.90 is 200 ma. next likely hiccup

[12:58] {Threei} I half lucked - tried to keep half

[12:58] {nemo} vwap there too

[12:58] {Threei} stoped b/e

[12:58] {_jfjf64} nicenice

06[12:59] * nemo slaps Threei around a bit with a large remember it's a LUNCHTIME! scalp

[12:59] {Threei} yeah

[12:59] {Threei} I guess TM invokes this thirst for blood in me

[12:59] {nemo} no...

[12:59] {nemo} greed...

[12:59] {nemo} amzn at 200 ma

[13:00] {Threei} what I want now is CYCC catching eod strength and closing somewhere around .85

[13:00] {Threei} and my day would be nicely rounded

[13:00] {nemo} amzn at resistance

[13:00] {Threei} that morning TM short made it a good day no matter what

[13:01] {dino} you played it well

[13:01] {Threei} ty... felt blood in the water

[13:02] {nemo} s tm .84

[13:03] {nemo} stop .90

[13:03] {dino} fcx to .65

[13:03] {nemo} where'd you get in Dino

[13:03] {larisa} your FCX entry was perfect dino, imo

[13:04] {dino} .25

[13:04] {dino} ty larisa

[13:04] {dino} .76 area wall

[13:05] {nemo} stopped

[13:05] {dino} out +.40

[13:06] {larisa} gj

[13:06] {dino} ty

[13:15] {Threei} little H&S TM

[13:16] {Threei} bounce to .85 - .90 area shouyld be a short entry

[13:16] {ese} cycc cycc cycc you must go up for me......cycc cycc brand new nursury rhyme

[13:16] {nemo} meds ese, meds...

[13:16] {Threei} stop above .95 for stingy, above 74 for a bit more generous

[13:17] {Threei} first weakness from here

[13:17] {ese} ya ya ..........pheeeeewwwww.......ya ya .....i'm ok

[13:18] {nemo} market looks like it wants up, probably take tm with it

[13:20] {nemo} rimm dt...lower volume this high

[13:22] {_jfjf64} sndk .20 break

[13:23] {Threei} time for violence?

06[13:23] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire

[13:24] {nemo} dip them in curari

[13:24] {nemo} pure nicotine will do it also

[13:24] {Threei} comeon, that's cruelty

[13:24] {nemo} nah, die painlessly...if you don't count the bludgeoning

06[13:25] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire dipped in chocolate

[13:25] {nemo} that's cruel...

06[13:28] * Threei puts grenade into TM's backback and poulls out the pin

[13:30] {patience} patience puts bacon on to cook to stop the violence

[13:30] {Threei} hmmm

[13:30] {patience} what did i miss?

06[13:30] * nemo taser's tm

[13:31] {Les} Vad, does AMZN spike outside of bb's indicate a reversal? - 13:19

[13:31] {Threei} connection between vioelnce and profits?

[13:31] {patience} oh, widespread violence

[13:31] {nemo} mafia trading

[13:31] {Les} or is indicative that a reversal will occur?

[13:31] {patience} hmmm....room seems to be changing while i am out training

[13:31] {nemo} well...

[13:31] {Threei} not necessary Les

[13:31] {nemo} TM is now above it's 200 ma

[13:31] {Threei} by itself it doesn't indicate anything certain

[13:32] {Les} ok. a little surprised by the selloff following that reversal

[13:32] {Threei} just shows that move is becoming a bit too extreme

[13:33] {Threei} Fed's Plosser: Fed does watch the USD for signals for the US economy; has no target for the USD

[13:33] {Threei} (US) Preview: Minutes of the Jan 27 FOMC meeting and Fed economic forecast to be released at 14:00ET

[13:33] {Threei} - Today's minutes will shed light on the discussion of the "extended period" phrase that is currently the lynchpin of Fed policy as well as the timing of future asset sales to reduce the swollen Fed balance sheet. The Fed will simultaneously release its revised economic forecast.

[13:33] {Threei} hmmm

[13:33] {Threei} some shock is probably coming

[13:34] {Threei} - The arguments raised by Kansas City Fed President Thomas Hoenig will be of particular interest after he registered a dissent against the "extended period" language at the Jan 27 meeting. Hoenig "believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted."

[13:34] {Threei} The minutes may reveal whether some other FOMC members are starting to waver on this point or if they are developing more nuanced views of the extended period. In recent comments other FOMC members have tried to put a timeframe on "extended period," with Vice Chairman Dudley describing it as at least 6 months but as much as 1-2 years depending on the economy. In December, Charles Evans, a non-voting member, suggested the phrase means 3 to 4 FOMC meetings out.

[13:34] {Threei} - The minutes will also be scanned for discussions of timing and sequencing exit strategies. Chairman Bernanke elaborated on the top in Feb 11 testimony on exit strategies. Bernanke commented that the Fed may opt to raise discount rate before long

[13:35] {Threei} that is going to be a big load of Feds crap poured on market

[13:39] {Threei} tightening to .95 TM

[13:39] {Threei} don't want to get caught into sharp spike

[13:40] {Threei} scalp near .80 weas a good idea, eh

[13:41] {nemo} :)

[13:41] {nemo} made a db at .80

[13:42] {nemo} indices yet to break their upward trend lines

[13:47] {nemo} spy broke

[13:47] {nemo} paint dry yet?

[13:47] {dino} who pulled the plug?

[13:47] {nemo} where's magoo...

[13:47] {Threei} I guess careful ones prefer to exit before FOMC minutesa

[13:47] {dino} he's here

[13:48] {dino} minutes are out i think

[13:48] {Threei} smack him over the head with some fish

[13:48] {Threei} no, at 2 pm

[13:48] {nemo} 2:00

[13:48] {dino} alrighty

[13:48] {nemo} Ace

[13:48] {dino} my bad, plosser speach

[13:49] {nemo} try that again...

[13:50] {Threei} ok... nemo, you tell me what to do

[13:50] {Threei} cover TM this time?

[13:51] {Threei} wait for a drop?

[13:51] {nemo} indices are with you...partial

[13:51] {Threei} may indices be with you...

[13:52] {nemo} and also with you...oh oh

[13:52] {Threei} lol

[13:52] {nemo} then again, get out before the minutes

[13:55] {dino} use the force

[13:55] {nemo} it brought back memories of the catholic mass..oy vay

[13:55] {Threei} I tried

[13:56] {Threei} patience admonished me

[13:56] {Les} .95 break of amzn?

[13:56] {Threei} 4 min till FOMC Les

[13:56] {Threei} why would you want to open any position now

[13:56] {nemo} you forget who you're talking too

[13:57] {Les} FOMCy schmopsy

[13:57] {nemo} not bad...

[13:57] {Threei} ok, I'll try it this way:

[13:57] {Threei} les than 4 min les

[13:57] {Threei} why do you need more troublesZ?

[13:57] {nemo} DON'T TRADE BEFORE POTENTIALLY IMPORTANT NEWS

[13:58] {Les} yeh yeh. I've made enough trouble for myself today already

[13:59] {Les} ok. some education

[13:59] {Les} http://up.wbe01.mibbit.com/up/8vUroIXU.gif

[14:00] {Les} is this the reversal pattern you've called before Vad?

[14:00] {Threei} *(US) JAN MONTHLY BUDGET STATEMENT: -$42.6B V -$46BE

[14:00] {Threei} - 16th straight month of budget deficits, longest stretch in recorded history.

[14:00] {Threei} MINUTES OF THE JAN 27 FOMC MEETING: AGREES ON NEED TO SHRINK ASSETS SUBSTANTIALLY OVER TIME; RAISES GDP FORECAST

[14:01] {Threei} haslf out TM

[14:01] {Threei} out in full

[14:02] {Threei} yes Les, head and shoulders

[14:02] {Les} ?

[14:02] {Threei} ?

[14:02] {Threei} 14:00] {Les} is this the reversal pattern you've called before Vad?

[14:03] {Threei} [14:02] {Threei} yes Les, head and shoulders

[14:03] {Les} I'm just refering to the two down spikes

[14:03] {Les} first one out of bb's

[14:03] {Les} 2nd one inside bb's

[14:03] {Threei} how do I know then what you are referring to? you show a screenshot and ask whether it's a pattern I meant

[14:03] {Threei} I see two of them there:

[14:04] {Threei} one is head and shoulder I referede to earlier,

[14:04] {Les} cool .see that now

[14:04] {Threei} another is double top you named just now,

[14:04] {Threei} with those two tops

[14:04] {Threei} yes about their relation to BBs

[14:04] {Les} ok ty.

[14:04] {Threei} so, two nice chart patterns signalling the same direction

[14:04] {Threei} fair trade

[14:05] {Threei} time of the day was not very appropriate,

[14:05] {Threei} plus this FOMC crap

[14:05] {Threei} but worked for us, and stop was 7 cents

[14:05] {Threei} so it's over 1:2

[14:06] {Threei} ok, lewt's see what they produced

[14:06] {Threei} - most members expect recovery to be slower than previous recoveries

[14:06] {Threei} - inflation to remain subdued for some time

[14:06] {Threei} - Hoenig believed that it would be more appropriate for the Committee to express an expectation that the federal funds rate would be low for some time--rather than exceptionally low for an extended period.

[14:06] {Threei} - Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced.

[14:06] {Threei} In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1. The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral

[14:08] {Threei} - One member recommended that the FOMC replace the portion of the statement that indicates the Committee will evaluate its "purchases" of securities with an indication that the Committee will evaluate its "holdings" of securities.

[14:09] {Threei} that was a good TM cover

[14:09] {nemo} yep

[14:09] {nemo} it's holding the 200 ma

[14:09] {dino} amsc l .80

[14:10] {dino} out enoc .57, +.44

[14:10] {Threei} wtg

[14:10] {dino} ty

[14:19] {Les} vxx for a .55 b/o?

[14:19] {ese} interesting jump in the qqqq

[14:20] {Threei} hard to tell Les

[14:20] {Threei} market jumps up and down, not establiashing direction yet

[14:21] {ese} sorry that was not the qqqq that was stec i was looking at

[14:22] {Threei} good one ese, re: previous reference to "can't read, can't type"

[14:22] {Threei} it's contagious

[14:23] {nemo} tm right at 200 ma, consolidationg

[14:24] {ese} i'll say

[14:24] {nemo} ha a gap up in tm

[14:25] {Threei} ?

[14:25] {nemo} .03 gap on my chart 2 minutes ago

[14:26] {Les} AMZN .80 b/d?

[14:26] {Threei} probably... but keep an eye on market like a hawk

[14:27] {Threei} CYCC baby

[14:28] {Threei} half out at .77

[14:29] {Threei} ese?

[14:29] {Threei} caught this spike?

[14:29] {ese} was just about to say thqt cycc baby!!!

[14:31] {ese} still in vad 3k isn't enough for me to go 1/2 out

[14:31] {ese} gonna let it run for a little

[14:31] {Threei} you are uncharacteristically timid today :)

[14:31] {ese} yes....

[14:32] {ese} have been for a few weeks now really.......too much crap going at school

[14:32] {ese} very distracting.....trying not to let it get in the way of my trading

[14:32] {Threei} Market Internals update at 2:30pmET

[14:32] {Threei} - NYSE volume 655M shares, about 2% below its three-month average; advancers lead decliners by 1.2:1.

[14:32] {Threei} - NASDAQ volume 1.45B shares, about even to its three-month average; advancers lead decliners by 1.1:1.

[14:32] {Threei} - VIX index -2.5% to just under 21.00

[14:42] {nemo} fas approaching 200, possible resistance at .40

[14:47] {Threei} Tiger Woods schedules announcement on Golf at 11am on Friday - CNBC (related ERTS NKE )

[14:48] {Threei} EBAY CEO: Would consider acquisitions or JVs in Russian market

[14:48] {Threei} - Sees Russian ecommerce market worth $5B a year, sees potential for $20B a year

[14:49] {dino} bgc l 34

[14:50] {dino} hl l fti .75

[14:51] {larisa} laser problems with Times and sales?

[14:51] {nemo} nope

[14:53] {Threei} looks fine

[14:53] {larisa} hm, reconnected and just getting empty boxes

[14:53] {nemo} try different quote server

[14:53] {larisa} you think i did not ? :)

[14:53] {nemo} in the teens

[14:54] {Threei} try diff T&S server? :)

[14:54] {nemo} try 17

[14:54] {larisa} quotes are fine, TS are problem

[14:54] {Threei} 15 and 1 here

[14:54] {larisa} interesting :)

[14:54] {Threei} TS 1

[14:55] {larisa} tried all of them. Guess will go watch Olympics

[14:55] {Threei} wait

[14:55] {strider} There are 5 t&s servers listed. I've never been able to see that they do anything when you change.

[14:55] {Threei} you have combinations

[14:56] {Threei} 20 quote servers and 5 T&S

[14:56] {larisa} level 2 works just fine

[14:56] {Threei} try all combinations

[14:56] {Threei} it's 100

[14:56] {strider} 100 combinations?

[14:56] {strider} That;ll keep you off the streets for awhile, larisa.

[14:56] {Threei} lol

[14:57] {Threei} Tesla CEO Musk: Trying to confirm who was on the plane that crashed, no immediate details available

[14:57] {Threei} - Note that earlier today there were reports of a plane that crashed carrying several Tesla executives.

[14:57] {Threei} CYCC baby

[15:00] {ese} out cycc .79 +.08.....i'm outta there

[15:04] {Les} TM busting through 74

[15:06] {strider} Buy! Buy!

[15:07] {Les} some consolidation 1st please

[15:09] {Threei} uh oh

[15:09] {Threei} BKC Planning to raise price on the $1 double cheeseburger in April - Chicago Crains

[15:09] {Threei} - $1 double cheeseburger to remain with 1 slice of cheese; two slices will be charged at $1.19 (related MCD WEN )

[15:09] {nemo} all footlongs $5 at subway

[15:10] {lasertrev} lol

[15:10] {Threei} nemo, we still have time till April

[15:10] {Threei} buy all $1 ones we can, freeze them,

[15:11] {nemo} ahhhhh?

[15:11] {nemo} cool

[15:11] {nemo} don't like cheeseburgers anyway

[15:11] {Threei} sell at $1.019 when they raise to $1.19

[15:11] {Les} cooking them at home doesn't taste better?

[15:11] {nemo} hit the bids

[15:11] {nemo} umbrella trade

[15:11] {Threei} we will undercut them and make a fortune

[15:13] {strider} Well, don't quit your day job.............wait, you don't have a day job!

[15:14] {Threei} sigh

[15:14] {Threei} you are a dream-suffocator

[15:14] {nemo} triple digit down, huh Vad?

[15:14] {nemo} H's O D

[15:14] {Threei} well, we may have to wait for that

[15:15] {nemo} yeah

[15:15] {Threei} but what's my risk - no one takes my bets anyway

[15:15] {nemo} it goes in the dail log

[15:15] {Threei} and as klong as this bias doesn't impact my trading, I view it as riskless fun

[15:15] {Threei} which in this era of AIDS is not shabby at all

[15:16] {dino} out fti .99, +.24

[15:16] {Les} what's basis for your selloff hunch?

[15:16] {Les} market remains a bounce vad?

[15:16] {nemo} He's channeling Cramer

[15:16] {Les} ouch

[15:16] {Les} well his track record is proven better than cramer

[15:17] {Threei} why do I have to have basis?

[15:17] {Les} there is no basis for these calls?

[15:18] {Threei} calls??

[15:18] {Threei} calls are buy, sell, stop, exit

[15:18] {Les} working hypothesis

[15:18] {Threei} this is working assumptions

[15:18] {Threei} right

[15:18] {Threei} they are not calls-impacting,

[15:18] {Les} but why 2 days in a row thinking of red?

[15:18] {Threei} they are a stanhdard against wheich observable events are measured

[15:19] {Les} you like blood?

[15:19] {Threei} who doesn't?

[15:19] {Threei} I see a market drop, then bounce, volume dries up

[15:19] {Threei} dollar goes up

[15:19] {Les} ok, so there is a basis

[15:19] {Threei} why wouldn't I assume that downside is more likely?

[15:20] {Threei} but it doesn't mean that's how I am going to trade

[15:20] {Threei} it mweans that what I am going to check for

[15:20] {Les} sure. I thought you were just messing with our heads

[15:20] {Threei} and if it happens - I have one set of plays,

[15:20] {Threei} if doesn't - another

[15:21] {Threei} this is main point

[15:21] {ese} outta here for the day.....catch ya tomorow

[15:21] {Threei} take care ese

[15:21] {Threei} never form a bias that locks youi into directional trades

[15:21] {Threei} keep it as a working assumption, check if it materializes

[15:21] {Threei} and be ready for any of scenarios

[15:22] {Threei} the only bet it's good for is a beer bet with dino and larisa

[15:22] {Threei} we do it for years, long lost track who owes how much beer to whom

[15:22] {Threei} but never miss a chance to make yet anothger bet

[15:23] {Les} ok. tradition is it

[15:24] {dino} someone say bet?

[15:24] {Les} vad says he owes you beer

[15:25] {dino} very good

[15:27] {Les} QCOM .40 b/d?

[15:28] {Threei} doesn't look right to me

[15:28] {Les} ok

[15:35] {nemo} markets likely to run into the close

[15:39] {Threei} QCOM starts looking better

[15:39] {nemo} getting late

[15:39] {Les} ah yeh

[15:40] {Threei} still discretionary trade but at least makes right foermation now

[15:44] {Threei} am so tempted to take TM short home

[15:45] {Threei} and CYCC long

[15:45] {Threei} lol

[15:46] {larisa} makes a joke, laughs at joke :)

[15:46] {Threei} that's called self-sustainability

[15:47] {dino} bgc stopped

[15:47] {Threei} in our era of insufficient resources and growing population I ought to be commended for it, not reperimanded

[15:49] {Les} hmmm. I'd argue washington provides ample resources for jokes and laughs

[15:50] {Les} becoming a national resource

[15:50] {Les} QCOM rinsed me

[15:51] {Threei} that's raw material

[15:51] {Threei} still have to extract the core and work on it

[15:57] {Threei} skipping CYCC

[15:57] {Threei} taking a little TM

[15:58] {Threei} all in all, nice day

[15:58] {Threei} thasnk you all

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {nemo} cya

[15:59] {Les} ty

[15:59] {dino} out amsc .77

[15:59] {larisa} and thasnk you right back :)

[15:59] {lasertrev} good night all

[15:59] {Threei} sigh

[15:59] {Threei} this woman is unforgiving today

[16:00] {Threei} Reports Q4 -$0.17 v $0.03e, R$1.38B v $1.2Be

[16:00] {Threei} LVS

[16:04] {dino} gn all