Feb 24 2010

Nice day with one stop and quite a few wins. Started with SQNM long, continued with bigger win on AIG long, then short etc... second half of the day was as it becomes customary - frozen solid.

Session Time: Wed Feb 24 00:00:00 2010

[07:49] {Threei} February 23, 2010 11:05:53 PM

[07:49] {Threei} Toyota Motor Corp Company's USA unit President Lentz: Recalls may not "totally" solve problems of unintended acceleration (update) - press

[07:49] {Threei} - Told US House Energy and Commerce Committee: "We are vigilant and we continue to look for potential causes."

[07:52] {Threei} Yesterday 16:14 STEC Reports Q4 $0.51 v $0.51e, R$106M v $102Me

[07:52] {Threei} - Guides Q1 EPS -$0.13 to -$0.11 v $0.26e, R$33-35M v $75Me (unclear if comparable)

[08:25] {Threei} GR) Germany reiterates prior comments that Greece must solve its own budget issues

[08:25] {nemo} market took quite a pop after 4:00 yesterday

[08:28] {Threei} had to leave, didn't watch

[08:28] {Threei} just because?

[08:28] {Threei} or there was some news development?

[08:29] {Threei} with latest from Toyota I can't believe it's not -5

[08:34] {nemo} no news that I saw, but as soon as the market closed Nas and spy went back to the afternoon highs

[08:43] {dino} gm all, about 12" of snow and 15 more coming tomorrow

[08:43] {Threei} dino :)

[08:43] {Threei} yikes

[08:44] {Threei} you guys really take it on the chin this winter

[08:44] {dino} most winters

[08:45] {Threei} guess the source of the quote:

[08:45] {Threei} Fortune turned against us and brought confusion to all we did. Greed destroyed honor, honesty and every other virtue, and taught men to be arrogant and cruel, to neglect the gods. Ambition made men false. Rome changed: A government which had once surpassed all others in justice and excellence now became cruel and unbearable.

[08:46] {Les} ouch dino, some sun and 52F here!

[08:46] {Les} cicero Vad?

[08:46] {Threei} fall of the constitutional Roman Republic and the rise of Julius Caesar, historian Sallust at the time

[08:46] {Les} good morning :)

[08:46] {Threei} les :)

[08:47] {dino} lucky dog les, but they are saying 40s next week

[08:47] {Les} cruel and unbearable is definition of low volatility. Give me some VIX today!

[08:48] {Threei} STEC looks to be a traders toy for today

[08:48] {dino} bad report

[08:49] {Threei} earnings were bearable, guidance is poor

[08:50] {dino} hrb, stec, slxp, dltr, w/fdo off it

[08:51] {dino} rig too

[08:51] {Threei} (SZ) Swiss Gov to send agreement with US IRS in regards to UBS to Parliment for approval

[08:51] {Threei} - Earlier it was reported that the Swiss gov was seeking to bill UBS for charges related to tax dispute with the US gov

[08:52] {ese} morning

[08:52] {Les} hi ese

[08:52] {Threei} ese :)

[08:52] {Les} dino, that your list for the day?

[08:53] {Les} or STEC sympathy plays?

[08:53] {dino} that plus usuals

[08:54] {dino} will add as scanner dictates

[08:57] {Les} ok thanks

[08:58] {Les} FCX at yesterday's low

[08:58] {nemo} gold down too

[08:58] {Threei} and TM is up - oh the irony

[08:59] {Les} yeh I'm waiting to see what TM does at opening

[08:59] {Les} mindful of Bill's suggestion that if FCX goes, so do the rest of the miners

[09:00] {Les} sub 15$ stocks would be fun to short

[09:00] {Threei} after admitting that they essentially are not even sure of the reasion for acceleration, thus fix may not fix anything, you'd expect it to be trading at 65 by now

[09:03] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:03] {nemo} I'll agree with "morning"

[09:05] {dino} on tm, vad i think if it was f or gm, it would fall like a stone, but seems people just luv their toys

[09:05] {Threei} greetings must vary depoending of geographic location this winter fer... east coasters are grumpy :)

[09:05] {Threei} true dino

[09:06] {ese} little excessive for stec....eh

[09:07] {dino} 30m vs est 60m or so es

[09:08] {Les} Wondering if TM is insufficiently traded by general public in US to aid in the panic selling?

[09:10] {ese} vad...where do you route most of your orders

[09:10] {Threei} ISLD

[09:11] {ese} can i ask why?

[09:12] {Threei} very fast, very liquid, algoythm used in Laser guarantees hitting all other participants if not enough shares on ISLD itself

[09:13] {nemo} is that the Nasdaq route?

[09:13] {Les} GRMN active premarket

[09:13] {Threei} yes nemo

[09:14] {nemo} Phewwww

[09:14] {Threei} it's Laser's euphemism for what used to be two ECNs, ISLD andf INET, now merged

[09:16] {larisa} gm :)

[09:16] {Threei} larisa :)

[09:16] {nemo} lari :)

[09:16] {larisa} vad, nemo :)

[09:17] {ese} tks

[09:20] {lasertrev} morning all

[09:20] {fernp} gm trev

[09:20] {Threei} trev :)

[09:20] {_jfjf64} mornin my friends

[09:20] {ese} vad....is island INET now

[09:21] {Threei} jf :)

[09:21] {Threei} they merged ese

[09:21] {Threei} diuff brojers have diff symbols for the resulting ECN

[09:21] {Threei} some continue calling it ISLD, some - INET, some give it third names

[09:21] {ese} ahhhhhhhh

[09:25] {Threei} let's wait out first minutes volaility in STEC

[09:25] {Threei} then see if we get clean setup

[09:25] {Threei} (PD) Polish Dept Fin Min Kotecki: Poland will most likely join the Euro Zone in 2015 - TV interview

[09:26] {Threei} O'd add: providing there is still what to join by then

[09:26] {Threei} PD) Poland Dep Fin Min: No target date set to enter the Euro

[09:26] {Threei} lol

[09:29] {Threei} 9.65 premarket resistance STEC

[09:32] {Threei} Short Setup: TM .35 half lot - IF stays under .50

[09:32] {billyc} gm all

[09:32] {Threei} billy :)

[09:32] {Threei} TM invalidated

[09:33] {Threei} STEC, let's see if we get pullback

[09:33] {Threei} closer to .60 would be nice

[09:35] {dino} hsii sm l .35

[09:35] {dino} thin

[09:35] {nemo} recruiters

[09:35] {Threei} (GR) Former ECB economist Issing: ECB will not buy up Greek debt (related SOVRX BUNDS EUR/USD )

[09:36] {Threei} Long Setup: SQNM 6.14 if stays above .05

[09:37] {nemo} 72.50 area important resistance for fas

[09:38] {dino} wcg sm l .75

[09:38] {Threei} (GR) EU's Van Rompuy: Will show "solidarity" with Greece if necessary

[09:38] {nemo} huh...the jokes

[09:38] {Threei} STEC inbetween setups all the time, can't catch right entry

[09:39] {dino} wanted high 8s on stec

[09:39] {dino} not happening

[09:40] {ese} pulback on sqnm ok vad

[09:40] {Threei} yes... you missed trigger?

[09:41] {ese} yes

[09:41] {Threei} here it is

[09:41] {ese} tks

[09:41] {ese} in .16

[09:42] {Threei} SQNM Hearing positive mention at Stansberry Research (timing uncertain) (6.05, +0.34, 5.95%)

[09:43] {Threei} 6.20 break should give 1:1 in a hurry

[09:43] {Les} scalp or partial?

[09:43] {Threei} partial for me

[09:43] {Threei} daily is clear for qwuite a while

[09:43] {Threei} SQNM 1:1 half out

[09:43] {nemo} out

[09:43] {nemo} ty

[09:44] {Threei} yw

[09:44] {_jfjf64} ty

[09:44] {Threei} yw

[09:44] {_jfjf64} sqnm

[09:44] {ese} out .22

[09:44] {Threei} stop for the balance to under .10

[09:45] {Threei} next trail to under .15 when breaks .25

[09:45] {Threei} (US) Sen (D) Dodd: Expects to see a bipartisan agreement on bank regulation bill soon; can not give specifics

[09:45] {nemo} it'll be toilet paper

[09:45] {Threei} trail to under .15

[09:45] {Threei} no losde territory

[09:45] {Threei} no lose

[09:46] {Les} STEC playing with 10 as resistance

[09:47] {Threei} went for it?

[09:47] {Threei} was good break

[09:47] {Les} been partialling in

[09:47] {Les} l .04

[09:47] {Les} wanna play dino's game today

[09:47] {Threei} start partialing out then

[09:47] {Threei} sharp spike

[09:48] {Threei} this is a bit different stock than dino

[09:48] {Threei} 's usual variety

[09:49] {Les} only small shares. all out .15. will try new setup

[09:49] {_jfjf64} you lk this pullback stec

[09:50] {Threei} not yet

[09:51] {Les} ty for spike call Vad. Something I don't clue in on frequently enough

[09:51] {Threei} tide is changing, IMO

[09:51] {Threei} pullback should be deeper now

[09:51] {Threei} too many piled up too fasdt, shakeout is in order

[09:52] {Threei} I'd expect drop to 9.80 at least

[09:54] {Threei} Short Setup: STEC 10 break

[09:54] {Threei} if stays under 10.10

[09:55] {dino} cfi

[10:00] {Threei} US) JAN NEW HOME SALES: 309K V 354KE (-11.2% M/M)

[10:00] {Threei} yikes

[10:00] {Threei} US) Treasury Sec Geithner: Gov needs power to break apart failing fimrs - Congressional testimony

[10:00] {Threei} US) Fed Chairman Bernanke: Fed will need to begin tightening at some point, reiterates key rate to remain where it is for "extended period" - Congressional testimony

[10:01] {Threei} no go STEC

[10:01] {dino} they aren't tightening w/unemployment and housing the way they are

[10:02] {Threei} - US is in a nascent economic recovery.

[10:02] {Threei} - Inflation concerns remain subdued.

[10:02] {Threei} - Labor market slack have reduced wage pressure.

[10:02] {Threei} - Supports legislation that would identify firms using Fed facilities.

[10:03] {dino} sm l clw .57

[10:04] {nemo} another rorschach test

[10:11] {dino} random dancing again

[10:12] {Threei} VPHM..

[10:13] {Threei} weirdo

[10:13] {Threei} before open:

[10:13] {Threei} ViroPharma Incorporated Reports Q4 $0.15 v $0.24e, R$88M v $82Me

[10:13] {Threei} - Guides 2010 net Cinryze sales in the range of $150-175M (Guided 2010 net Cinryze sales in range of $145-165M on 01/11)

[10:13] {Les} out STEC .49 +.34 except for 100 shares

[10:13] {nemo} wfmi looks to have bottomed, pullback between in the .50 area would be ideal

[10:14] {Threei} wtg les

[10:14] {fernp} SBUX breakdown .75, Vad?

[10:14] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:14] {Threei} **consensus expectations:

[10:14] {Threei} Crude: +2Me

[10:14] {Threei} Gasoline: +500Ke

[10:14] {Threei} Distillate: -1.7Me

[10:14] {Les} ty. risky given your pull back outlook, but when that didn't materialise I took the risk

[10:15] {Threei} if sdtays under .80 fern

[10:15] {fernp} ok

[10:15] {Threei} that's sound approach les

[10:15] {Threei} one direction is invalidated, fading it is valid in many cases

[10:15] {Les} cool

[10:16] {Threei} AIG

[10:16] {Les} FCX red

[10:16] {Threei} very risky one, for experienced momo players, .60 long

[10:17] {_jfjf64} 27.60 huge level yest

[10:17] {Threei} over 1:1

[10:17] {_jfjf64} grrrrrrrrrrrrr

[10:17] {Les} closed stec .35. pullback time

[10:18] {Threei} 1:2

[10:18] {Threei} out

[10:18] {Threei} adrenalin play

[10:18] {fernp} AA short .10, Vad?

[10:18] {nemo} dino, ask magoo if he played it

[10:19] {dino} not here, mr snowplow

[10:19] {Threei} not sure fern

[10:19] {_jfjf64} gj i was late to dance grrrrrrrrrrrrrr

[10:19] {nemo} sung to the tune of "Mr. Postman"

[10:19] {fernp} ty

[10:19] {Threei} that was pure magooski play

[10:19] {dino} lol

[10:19] {Threei} you are out of shape jf

[10:20] {Threei} will take couple weeks

[10:20] {nemo} I think I' automatically get a restraining order if Magoo were my postman

[10:20] {_jfjf64} yes

[10:20] {Threei} VPHM - grrr

[10:20] {Les} can you get restraining orders against your postman?

[10:20] {nemo} why not?

[10:20] {Threei} spotted it on 11 break and didn't have faith

[10:21] {Les} s SLW .62 play on FCX dropping

[10:22] {Les} stop .75. yesterday's close, 200 & 50 dog pile

[10:24] {Threei} wow AIG

[10:25] {dino} swm sm l .55

[10:25] {Threei} I tend to underestimate this animal lately

[10:25] {nemo} it came back in play last week

[10:25] {ese} L brcm .27

[10:25] {dino} veco

[10:27] {ese} out 1/2 .34 balance to break even

[10:27] {_jfjf64} nice wk ese

[10:28] {ese} tks

[10:28] {Threei} and what amazes me, he is not even a little bit ashamed

[10:29] {Les} vphm pullback play?

[10:29] {ese} i'm trying to get into your method vad of selling 1/2 letting other 1/2 ride

[10:29] {Threei} can't tell Les

[10:29] {Threei} it has no rythm

[10:29] {ese} and just fooooogetabouuudit!

[10:30] {Les} ok

[10:30] {Threei} you may have picked nopt the best time for that ese

[10:30] {Threei} that routine is great for trending markets

[10:30] {Threei} but we have chop chop right now

[10:30] {Threei} DOE CRUDE: +3.03M V +2ME; GASOLINE: -895K V +500KE; DISTILLATE: -590K V -1.7ME; UTILIZATION: 81.17% V 80%E

[10:30] {Threei} - Distillate demand -125K bpd to 3.66M bpd

[10:30] {Threei} - Gasoline demand +540K bpd at 9.06M bpd

[10:30] {Threei} ...more... (related USO OIH )

[10:30] {ese} hmmmmmmmm

[10:31] {ese} ok tks

[10:31] {ese} and as we speak....just stoped even on remaining 1/2

[10:33] {Les} fcx

[10:33] {Les} sorry

[10:35] {_jfjf64} adsk any read

[10:36] {Threei} breask worth a try

[10:36] {Threei} break

[10:36] {Threei} half lot

[10:37] {Les} AIG

[10:41] {_jfjf64} db sqnm

[10:41] {Threei} SEC's Casey: Will vote 'no' in the upcoming proposed short sale rule vote

[10:41] {Threei} - Note: some recommended aspects of the proposals include restrictions on short sales of a stock once it falls 10% from previous day close; then short sellers could only perform shor t sales for stock price above the best bid

[10:41] {Threei} - Reminder:earlier SEC Chairman Mary Shapiro said the new rule "strikes the right balance"; SEC's Paredes has reportedly expressed concerns; feels benefits do not outweigh costs

[10:43] {nemo} dollar down big

[10:43] {Les} and Congress will ignore SEC's recommendations. It's get tough for voters year

[10:43] {Threei} feel free to take scalp ADSK

[10:44] {Threei} 1:1

[10:44] {Threei} US) Fed's Bernanke: Not expecting any sovereign downgrade of US debt - congressional testimony

[10:44] {_jfjf64} ty

[10:45] {nemo} they didn't expect mortgages to blow up either

[10:45] {Threei} I hope we are not going to list everything they didn't expect... 'cause I don't have that much of my life left

[10:45] {nemo} spanish inquisition?

[10:46] {Threei} wow... wehat's this spike is about?

[10:47] {_jfjf64} ??

[10:47] {dino} where else is your money safer than us

[10:47] {Threei} - current budget path is not sustainable given CBO projections; bond markets could get worried and drive up rates.

[10:47] {dino} flight to safety right now

[10:47] {Threei} ummm.. Euro?

[10:47] {ese} nice move by brcm

[10:47] {dino} not the euro

[10:47] {Threei} US Senate approves $15B jobs package; now moves to House

[10:47] {Threei} - Vote: 70-28

[10:48] {nemo} hen why the $ down

[10:48] {dino} canada maybe but us is reserve currency

[10:48] {nemo} lipstick on a pig

[10:48] {Threei} that was very tongue in cheek, dino

[10:48] {dino} overall its up this year nemo., euro is crashing

[10:48] {Threei} as I stated not once, I don't think Euro will be around withion 10 years

[10:49] {dino} nor i

[10:49] {nemo} wow X!

[10:49] {Les} out AIG +.15

[10:49] {dino} gj

[10:49] {Les} yeh fcx and slw too. commodities rebound

[10:50] {ese} vad could you let know what you think about the 28.20 level for adsk

[10:50] {ese} long

[10:50] {ese} bumped off it 3x's already

[10:50] {Threei} totally market dependent ese

[10:51] {ese} tks

[10:51] {Threei} if market continues to climb, it will break

[10:51] {ese} nice aig les

[10:51] {Threei} 28 break I liked much more

[10:51] {nemo} so, we've more than retraced yesterday already...sheesh

[10:51] {Les} too many grey hairs playing with aig ese. won't do it again

[10:51] {_jfjf64} .95 much more lokl

[10:52] {ese} l adsk .21

[10:53] {_jfjf64} yea ese

[10:54] {ese} out adks .28

[10:54] {ese} 5k like that works

[10:55] {Les} aah but if you want to eat well in Italy ese, you'll need that pocketmoney

[10:55] {dino} gj es

[10:55] {_jfjf64} lotofthat

[10:56] {dino} out hsii .33, +.98

[10:56] {Threei} ese mastered fine art of scalp type I to perfection

[10:56] {ese} ya true......bette take more risk

[10:56] {nemo} god bless ya' dino

[10:56] {Threei} dinio meanwhile continues hios indecent eays

[10:56] {Threei} ways

[10:56] {dino} you get it nemo?

[10:56] {nemo} not that thin a stock, thank you

[10:56] {_jfjf64} dino the monster

[10:57] {_jfjf64} gj

[10:57] {dino} i prefer, "dino the dog", lol

[10:57] {dino} thx\

[10:57] {nemo} dinosaur is more appropos

[10:58] {Threei} .short aig .30 break half lot

[10:58] {Threei} Short Setup: AIG .30 break half lot

[10:59] {dino} les, fwiw, that was a yesterday capit, that i left on watch screen for today.

[11:00] {Threei} stop above .40 for scalpers, .45 for day traders

[11:00] {Threei} PALM Strength attributed to rumor that PALM may be discussing partnership for tablet PC with a major partner

[11:00] {Threei} - Nokia and Intel rumored as potential partners

[11:01] {Threei} not much of strength in PALM

[11:02] {Threei} 1:1 AIG

[11:02] {Les} ty vad +.10 aig

[11:02] {Threei} Treasury's Geithner: need financial reform as quickly as possible to end uncertainty - House panel Q&A

[11:02] {Threei} - says the TARP has outlived its basic usefulness

[11:02] {_jfjf64} ty

[11:02] {Threei} welcome

[11:02] {Les} should have payed attention dino

[11:03] {Les} not the first time that I've seen your play rebound well from a pivot support

[11:03] {ese} speaking of dino the dog....thoughts to ponder "If a baby pig is a piglet? Is a baby bull a bullet"

[11:03] {dino} hmmmm

[11:03] {Les} jeez your band members gonna throw you off the bus with one liners like that

[11:03] {Threei} whose baby is bidet then?

[11:04] {nemo} market showing bull flags

[11:04] {nemo} aig might be long break .30

[11:04] {nemo} huge order

[11:04] {nemo} offer

[11:04] {Threei} SEC will reportedly vote 3-2 on short sale rules

[11:04] {Threei} imbeciles

[11:05] {nemo} so what...if a stock drops 10% then it kicks in, and you have to bid a penny higher

[11:05] {nemo} it's political show

[11:05] {Threei} offer

[11:05] {nemo} offer what

[11:05] {Threei} you will have to offer, not bid

[11:06] {Threei} you effectively lose the ability to hit the bid - you have to offer a penny above the existing bid

[11:06] {Les} talk about screwing the brokers around. they have to program that rule into their comps?

[11:06] {dino} i agree, with computer trading its a non-issue

[11:06] {Threei} Laser had that fior ages

[11:07] {Threei} back then when uptick rule was common

[11:07] {nemo} watching .30 level aig

[11:07] {Threei} you wanted to short something at let's say .20,

[11:07] {dino} cyber too, it did not matter, enter your order and it fills anyway

[11:07] {Threei} and were willing to chase down to .15,

[11:07] {Threei} you'd sent your sell order at .15

[11:08] {Threei} software seeing bid on downtick would have offered your shares at .21

[11:08] {Threei} and chased bid down to .15 as it downticked

[11:08] {Threei} filling you as soon as someone hit the offer

[11:09] {Les} ok. so not such a big deal then?

[11:09] {dino} it means nothing les w/millions trading. its political, we went after evil shorts

[11:10] {Threei} totally

[11:10] {Les} dog and pony is it

[11:10] {Threei} it means absolutely nothing, will fix nothing

[11:10] {dino} kangaroo court

[11:10] {nemo} it's just like the banking regulation, political show

[11:10] {Threei} total non-issue

[11:10] {dino} swm stopped -.32

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

[11:11] {Threei} no read

[11:12] {dino} lol bernie just said on banking standards, by years' end

[11:12] {dino} the do nothing obamination continues (glad for the do nothing part)

[11:14] {dino} clh

[11:15] {Les} aig coming back down

[11:15] {nemo} moving w/market...find high beta liquid stocks moving with the market

[11:16] {dino} dy? big miss, up

[11:17] {dino} break of .50 s imo

[11:18] {Les} vix isn't higher yet trades better today. what's the vol. vad?

[11:19] {Threei} Market Internals update at 10:30amET

[11:19] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.2:1.

[11:19] {Threei} - NASDAQ volume 485M shares, about 4% above its three-month average; advancers lead decliners by 1.3:1.

[11:19] {Threei} - VIX index +-1.1% to just over 21.00

[11:22] {dino} swm rinsed

[11:25] {Threei} BRCD Hearing takeover chatter circulating (5.53, +0.17, 3.17%)

[11:25] {Threei} Toshiba rumored as a potential acquirer

[11:26] {fernp} ,05 break long, FAZ, Vad?

[11:26] {Threei} probably

[11:26] {Threei} 51/49

[11:26] {nemo} faz looks weak to me fern

[11:26] {fernp} ok. ty

[11:29] {Threei} CROX

[11:30] {Threei} Crocs, Inc. US Appeals court reverses ITC ruling against Crocs

[11:30] {Threei} - The Commission also determined that Crocs, Inc. (Crocs) had not satisfied the technical prong of the industry requirement under section 337 for the 789 patent. Because the Commission erred in finding that the prior art taught all of the claimed elements of the 858 patent and incorrectly weighed the secondary considerations, this court reverses the Commissions finding that the 858 patent would have been obvious. Because the Commission also erred in claim construction for the 789 patent, in applying the ordinary observer test for infringement, and in applying the technical prong of the section 337 domestic industry requirement, this court reverses the Commissions determination on the 789 patent.

[11:30] {Threei} Bloom Energy Debuts Advanced Fuel Cell (related FCEL HYGS )

[11:30] {nemo} big offer aig .15

[11:31] {nemo} gone

[11:37] {Threei} CH) US imposes preliminary duty of 12% on Chinese steel pipe

[11:40] {dino} and it starts

[11:41] {nemo} started a while ago...didn't we jack up tariffs on something, then they whacked our chickens, now this

[11:43] {dino} y

[11:44] {larisa} yeah, it was russian steel :)

[11:45] {Threei} lol

[11:48] {dino} lol whacked our chickens

[11:49] {dino} sopranos called in

[11:49] {nemo} thank go they didn't choke them

06[11:50] * Threei slaps nemo around a bit with a large headless deep fried chicken

[11:50] {dino} beer can chicken pretty good

[11:50] {nemo} ?

[11:50] {Threei} one of my favs

[11:51] {nemo} wfmi at end of triangle

[11:51] {dino} go to walmart grill section nemo, little metal beer can holder

[11:51] {Threei} then go to BBQ secvtion, buy bbq

[11:52] {Threei} although I used to make it in oven too

[11:52] {Threei} no smokey flavor, but still pretty good

[11:52] {dino} clh sm l .50

[11:53] {dino} i use oven and outside grill

[11:53] {dino} makes a good chicken, as aurther would say

[11:54] {nemo} may be interesting only to me...

[11:54] {nemo} fas in coma, but rising trendline currently at 73.50

[11:54] {dino} out 09, clh, +.59

[11:55] {Threei} wtg

[11:55] {Threei} don't rely on that much nemo

[11:55] {dino} quicky

[11:55] {Threei} we are in that pattern,

[11:55] {Threei} morning spike, activity everywhere, then stall

[11:55] {dino} dy sm s .49

[11:55] {Threei} market is frozen

[11:55] {dino} bstop .72

[11:55] {Threei} whatever you got in the morning is yopurs, the rest is 50/50

[11:56] {Threei} stops galore

[11:56] {Threei} either wait for a news stock, or for something returning market back to life

[11:56] {Threei} otherwise normal setups are whipsaws

[11:58] {Threei} (EU) ECB's Weber: IMF's suggestion that ECB raise its inflation targer is very dangerous - interview

[11:59] {Threei} IMF: as if we give a sneeze

[11:59] {Threei} so, what have we... 1 stop, right?

[12:00] {Threei} and something like 3-5 wins?

[12:00] {Threei} I kind of lost track today, this market threatening to fall in coma any second sends me in coma

[12:14] {dino} zzzzzzzzzzzzzzz

[12:16] {Threei} I'll second that

[12:17] {nemo} aig sneaking back up

[12:17] {Threei} STEC too

[12:18] {dino} dy bstop to b/e

[12:18] {dino} hrb l .85

[12:22] {dino} dy cov b/e

[12:25] {Threei} MOD Strength attributed to the release of Bloom Energy's fuel cell device today

[12:25] {Threei} - Note that Modine has a licensing arrangement with Bloom Energy for various fuel cell technologies.

[12:25] {Threei} - Bloom's fuel cell tech, which proported to cut energy consumption by as much as 50%, was featured on a broadcast of "60 Minutes" last Sunday.

[12:26] {Les} crap I go out for a drink and I don't come back to big profits

[12:26] {dino} crazy

[12:27] {Les} SLW hasn't resolved itself

[12:28] {Les} very rude to refuse an aperitif in Switzerland...

[12:29] {dino} dltr another leg up

[12:31] {larisa} i wonder if you can trade better after bottle of vodka.. vad can you try and tell us ?

[12:31] {Threei} how do you think I trade all this time?

[12:32] {Threei} [HYGS] Awarded Contract for UNIDO Fuel Cell Powered Boat

[12:32] {larisa} ok, then you need to stop drinking and see if results will be different :)

[12:32] {Threei} - awarded a contract to supply the United Nations Industrial Development Organization (UNIDO) with six HyPMHD8 fuel cell power modules for a boat project coordinated by the International Centre for Hydrogen Energy Technologies (ICHET) in Istanbul, Turkey. Hydrogenics will also supply carbon composite hydrogen storage tanks and components, other auxiliaries and spare parts for two years of operation to ICHET, which is overseeing the integration.

[12:32] {Threei} - This contract follows on the award in 2009 of four HyPMHD12 fuel cell power modules for a passenger boat application ordered by the engineering organization BELBIM A.S. for Istanbul's Municipal Transit Authority, in which UNIDO-ICHET participated as a hydrogen and fuel cell consultant.

[12:32] {Threei} OK... stopping

[12:34] {Threei} Preview: (US) Treasury's $42B 5-year note auction results due just after 1PM ET

[12:34] {Threei} - $42B auction size unchanged from Jan auction.

[12:34] {Threei} - prior bid-to-cover ratio 2.80 with an average of 2.48 over the last 10 auctions.

[12:34] {Threei} - indirect bidders took 53% of competitive bids at last auction with 45.09% allotted at the high.

[12:34] {Threei} - When Issued notes currently yield 2.37% which is roughly 4 basis points higher than the cash market.

[12:36] {dino} watching clh again

[12:36] {dino} dy, too tight on it

[12:39] {dino} cfi into support

[12:44] {dino} giddy-up

[12:45] {dino} cfi sm l .60

[12:46] {Les} ditto here

[12:46] {dino} stop is .37

[12:46] {Les} stop .50

[12:47] {dino} size

[12:47] {dino} ?

[12:47] {Les} very small

[12:47] {dino} why so tight then?

[12:47] {Les} yours? :)

[12:48] {dino} oh brother

[12:48] {Les} cause I'm only willing to hold this latest support levels.

[12:49] {Threei} Fed's Bernanke: Volcker rule could be 'appropriate' under certain circumstances

[12:49] {Threei} - notes the appropriateness of the Volcker rule would occur if there is no prevention of appropriate hedging that cuts risk or impacts liquidity improvements from market making

[12:49] {dino} not going to happen

[12:53] {dino} cfi 1:1 for you les

[12:53] {dino} over

[12:53] {Les} got a fill in at .80

[12:54] {Les} finally, slw breaking down

[12:56] {dino} hsii giving back

[13:00] {Les} stopped cfi

[13:00] {nemo} and then some

[13:01] {Les} that was a little under my stop yes. -20

[13:01] {nemo} drinking slow your reflexes?

[13:02] {Threei} *(US)TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.395%; BID-TO-COVER RATIO: 2.75 V 2.80 PRIOR AND 2.48 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 40.3% of competitive bids with 32.83% allotted at the high

[13:02] {Threei} (US) President Obama: US must borrow less, produce more; pay limits should end when bailouts are repaid

[13:02] {Threei} this is wise

[13:02] {Threei} borrow less, produce more

[13:02] {Threei} I am impressed

[13:03] {dino} guess who's on tv

[13:03] {Threei} Fed Chairman Bernanke: Possibility USD could decline if markets lost faith in US fiscal policy, does not see this outcome as very likely

[13:03] {Les} Jean Seberg

[13:03] {nemo} Catherine McCormack

[13:03] {Threei} what is it today, talking stick moves with triple speed?

[13:03] {dino} and mkt drops

[13:03] {dino} cfi stopped

[13:04] {Les} William Wallace

[13:04] {Threei} my favorite part:

[13:04] {dino} guy is the grim reaper to stocks

[13:04] {Threei} IF markets lost faith in US fiscal policy

[13:04] {Threei} IF!

[13:05] {dino} music on, cnbc always on mute

[13:05] {Threei} - Goal is not to punish Wall Street.

[13:05] {Threei} - more crises may occur without a financial overhaul

[13:05] {Threei} you don't say

[13:05] {Threei} keep Fed in charge, and crises will never end

[13:05] {ese} .

[13:06] {Threei} but fear not:

[13:06] {Threei} SNE US Playstation Exec: confident can meet PS3 sales goal of 13M units this year

[13:06] {Threei} there

[13:06] {Threei} {--- going to buy me a playstation

[13:06] {Les} cheap bastards like me that don't want to pay $400. I'll wait one more year

[13:06] {Threei} me be happy

[13:06] {Threei} what, me worry?

[13:06] {Les} PS2 works just fine

[13:07] {Les} you're just a big kid with toys vad

[13:07] {Les} new car

[13:07] {Les} new playstation

[13:07] {Les} what a life :)

[13:07] {Threei} he who dies with most toys, has most fun before dying

[13:08] {Threei} on second though will skip on PS

[13:09] {nemo} Alfred E. Neuman

[13:09] {Threei} not too hot about tv games... and my toy budget is pretty much exhausted, between new camera, two lenses and car

[13:10] {dino} poor guy

[13:11] {nemo} so...vad...we gonna' have to click the "short" box in LII when they implement that rule?

[13:11] {Threei} nah

[13:11] {Threei} just send sell order

[13:11] {Threei} well, that's how it worked before at least

[13:11] {Threei} http://photo.net/photodb/photo?photo_id=10153635&size=lg

[13:12] {dino} only kicks in on a 10% drop, and again, doesn't matter computers will handle it

[13:12] {Threei} yup

[13:13] {Threei} complete non-issue

[13:14] {dino} my advice to you nemo, drink heavily, ans just put your order where you want

[13:21] {dino} out hrb .08, +.23

[13:29] {_jfjf64} did i miss anythin

[13:29] {Threei} yes

[13:29] {Threei} neno snorring

[13:29] {Threei} nemo

[13:29] {_jfjf64} lol

[13:29] {Threei} I am telling you, man... this is Carnegi hall worthy performance

[13:30] {_jfjf64} that good

[13:30] {Threei} accompanying whistle is true art

[13:30] {Threei} and thast funger-drumming on the desk...

[13:32] {ese} L brcm .78 bit of an agressive entry on a pullback anticipating a break of .80with market help

[13:32] {ese} whoops.....oh oh...moved the other way

[13:34] {ese} i've never tried funger drumming to be honest

[13:34] {Threei} you should

[13:34] {ese} i usually play so fast that stuff can't grow on my fingers

[13:40] {nemo} AWIAV?

[13:40] {nemo} I fell asleep

[13:41] {Threei} we know

[13:41] {Threei} we heard

[13:42] {nemo} I have to go out tonight..it'll be a late one

[13:43] {dino} swm

[13:43] {Les} so you'll be in a great sense of humour tomorrow will you?

[13:43] {nemo} well...might not be here

[13:44] {dino} have fun nemo

[13:44] {Les} oh...

[13:44] {nemo} we're suppose to get a snow storm with hurricane force winds

[13:44] {Les} that's ok

[13:44] {dino} swm sm l .00

[13:44] {nemo} might not have power

[13:44] {Les} so you won't have internet

[13:44] {dino} same here nemo, i'll pass it along to you

[13:44] {nemo} I see you're quite adept at deductive reasoning

[13:44] {Les} you don't keep a generator?

[13:45] {nemo} it would be irrelevant if the lines are down, which is likely to happen...are's aren't buried underground

[13:45] {nemo} ours

[13:45] {Les} you've got heat though?

[13:45] {dino} lol les, i've had one for 15 yrs never had to use it, but my neighbors power goes out every other month, different line

[13:46] {nemo} probably won't have that either

[13:46] {Les} sucks to be you

[13:46] {nemo} Knowing you makes me feel better about myself

[13:46] {larisa} lol

[13:46] {Les} touché

[13:47] {nemo} ty

[13:47] {Threei} good to see room overcome with gentliness

[13:47] {nemo} ?

[13:47] {nemo} did you mean gentleness? gentility? gentlemen like behavior?

[13:47] {dino} darn dy would've worked nicely

[13:48] {Threei} nemo, you are making me think - and I rarely if ever forgive that

[13:49] {nemo} oh oh...

[13:49] {Threei} Toyota Motor Corp Certain Toyota suppliers raided by FBI yesterday - WSJ (update)

[13:49] {Threei} - Companies in question are Yazaki, Denso International, and Tokai Rika.

[13:49] {Threei} - FBI notes affidavits are sealed, will not confirm reason for raids.

[13:49] {Threei} sheesh

[13:49] {nemo} what's gm stock doing?

[13:49] {patience} going from bad to worse

[13:49] {nemo} is there gm stock?

[13:50] {dino} .69

[13:50] {Threei} they are determined toi drive Toyota out of country or what?

[13:50] {dino} down almost 10% today

[13:50] {dino} opps that must be old

[13:51] {Threei} they changed after bankruptsy to somehing unprononcialble

[13:51] {Threei} like GMMQQ or something similar

[13:52] {Threei} there

[13:52] {Threei} GMGMQ

[13:52] {Threei} lol

[13:52] {nemo} What's that in Roman Numerals?

[13:53] {dino} zero

[13:53] {nemo} I see that smirk dino

[13:53] {Threei} it's not normal publickly traded stock

[13:56] {dino} watching cfi, clh again

[13:56] {Les} cfi

[14:07] {fernp} ETP 46.10 break, Vad?

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 560M shares, about 9% below its three-month average; advancers lead decliners by 2.9:1.

[14:07] {Threei} - NASDAQ volume 1.34B shares, about 1% below its three-month average; advancers lead decliners by 1.8:1.

[14:07] {Threei} - VIX index -4% to just under 20.50

[14:07] {Threei} nah

[14:07] {fernp} ok

[14:07] {Threei} slow and narrow

[14:08] {fernp} and MJN short if loses 46?

[14:08] {Threei} may work, may not - roll a dice

[14:08] {Threei} hmmm

[14:08] {Threei} MJN is a bit more interesting

[14:08] {fernp} ty ty

[14:09] {_jfjf64} dltr im not in shape yet vad

[14:12] {dino} zzzzzzzzz

[14:13] {dino} nemo, clh?

[14:13] {Les} xnpt

[14:14] {ese} outta here all.catch you tomrrow....got stopped out of brcm -.03

[14:14] {Les} ciao

[14:14] {dino} cya

[14:14] {Threei} take care ese

[14:14] {_jfjf64} later

[14:14] {fernp} bye ese

[14:15] {Les} ntes refuses to give up

[14:15] {dino} missed clh

[14:15] {Les} cab

[14:15] {Les} sorry

[14:16] {nemo} sorry was looking at something

[14:18] {nemo} nothing for me to get excited about yet dino, no volume on these rises to trend

[14:20] {Les} both TM and AIG strong. some program an algorithm to make pigs fly?

[14:20] {nemo} as soon as I open my mouth...or type, as the case may be

[14:20] {dino} went 35 cents

[14:20] {dino} my bad, hesistated

[14:20] {nemo} volume just came in, but it's right on the trend line

[14:21] {dino} in the 20s

[14:21] {Threei} you think computers know pigs from high quality stocks Les?

[14:21] {nemo} you talking clh?

[14:22] {nemo} yeah, I would like to see a higher low, or consolidation here

[14:22] {dino} i like it in the .20s

[14:22] {Les} my computer can tell me from my wife...

[14:22] {Les} :P

[14:22] {nemo} maybe, a pullback to around .40 would be...oh forget it

[14:24] {Les} s esi .79 stop 106

[14:26] {nemo} quite the volume on clh

[14:28] {nemo} there a local company no less

[14:28] {nemo} started during the Boston Harbor Cleanup 20 years ago

[14:28] {dino} big miss

[14:29] {nemo} yeah, reading it ow

[14:29] {dino} and missed my entry

[14:29] {dino} so big x two

[14:31] {dino} out wcg .00, +.25

[14:31] {dino} contra hour drop

[14:31] {nemo} what size would you have taken on clh?

[14:32] {dino} 300,

[14:32] {dino} too jumpy

[14:32] {Threei} GM Reportedly plans to wind down Hummer operations after Chinese firm drops plans to buy the unit

[14:32] {Threei} what, no more Hummers? oh no

[14:32] {Les} bummer

[14:32] {Threei} I really wanted kittle green car

[14:33] {Threei} to drive to nearest bakery

[14:33] {Les} Schwazeneger can take it private

[14:36] {Threei} HHS Secretary calls meeting with CEOs of health insurers including WLP, UNH, and AET

[14:36] {Threei} some kind of behind the curtain negotiations about healkth care bill I guess

[14:36] {dino} swm stopped -.30

[14:39] {fernp} GILD, Vad. any read?

[14:39] {dino} swm fast drop

[14:39] {Les} gild

[14:40] {Les} sorry pc gone slow on me. mouse not moving to the right window

[14:41] {_jfjf64} aig

[14:41] {Threei} not really fern

[14:41] {fernp} ok

[14:42] {Les} esi stopped

[14:51] {Les} out slw +.10

[14:52] {dino} gj

[14:52] {Les} ty. rather underwhelming, waiting half a day for .10

[14:53] {Les} fcx

[14:54] {dino} all i see on cfi is downgrade

[14:56] {dino} sm l .12

[14:59] {Les} MS .75 b/d Vad?

[15:00] {Threei} probably

[15:01] {Les} ok ty

[15:07] {Threei} wss thinkiong of .93 entry on XNPT with big shares for a scalp

[15:07] {Threei} then d\ecided it was asking for a stop

[15:08] {_jfjf64} ccl vad ya lk

[15:08] {Threei} not really

[15:19] {dino} voooooddddddkkkkkkkkkaaaaaaaaa martini on my mind

[15:19] {Threei} lol

[15:20] {_jfjf64} stoli

[15:20] {Threei} rum and coke would probably do too, no?

[15:20] {dino} made a seagrams citrus one other night, tasty

[15:20] {nemo} ketel 1

[15:20] {dino} nice

[15:20] {Threei} jf, kidding? there is much better stuff than that

[15:20] {larisa} carrot juice

[15:21] {Threei} yeah, that

[15:21] {nemo} never had vodka and carrot juice

[15:21] {dino} i do have an unopened grey goose

[15:21] {nemo} What's your address?

[15:21] {Threei} grey goose, great but pricey...

[15:21] {dino} i like stoli jf

[15:21] {_jfjf64} comon vad ya a stoli guy

[15:21] {Threei} if you can find Iceberg where you live, very close quality

[15:21] {Threei} am not

[15:22] {Threei} Iceberg... Finlandia... Russian Standard if you want more authentic russdian taste

[15:22] {_jfjf64} me too dino one in my freezer as we speak lk it with lemon

[15:22] {Threei} with this bready shade

[15:22] {dino} iceberg huh, i'll look for it

[15:22] {nemo} I'll just add gasoline to the bottle

[15:22] {dino} ahhh jf

[15:22] {Threei} you'll be very impressed dino

[15:23] {dino} not hard to do w/me and booze

[15:23] {Threei} http://www.icebergvodka.com/

[15:23] {dino} as long as its cold

[15:23] {_jfjf64} german made

[15:23] {Threei} In 1998, the Beverage Tasting Institute gave Iceberg a 'superlative' score of 94 out of 100, ranking it second behind the acclaimed Grey Goose in a blind taste test of the world's best vodkas\

[15:24] {_jfjf64} hmm

[15:24] {_jfjf64} russian

[15:24] {Threei} canadian

[15:25] {Threei} produced using water from icebergs harvested off the coast of Newfoundland

[15:25] {_jfjf64} stop

[15:25] {nemo} great, probably got Mastodon dung in it

[15:25] {dino} lol

[15:25] {Threei} yeah but it's fresh

[15:25] {_jfjf64} made from dino freezer

[15:26] {Les} I thought you would know Grasovka Vad, but I didn't realise it was German

[15:26] {_jfjf64} lol

[15:26] {Les} thought it was polish

[15:26] {Threei} and, following your logic... I would know Polish vodkas why?

[15:27] {nemo} aussies and poles...genetic cousins

[15:27] {Les} you were successful businessman in Ukraine?

[15:27] {Threei} I was born there

[15:28] {dino} bidness

[15:28] {Les} only russian vodka for sale?

[15:28] {Threei} you do realize Ukraine and Poland are different countries, right? :)

[15:28] {larisa} lol

[15:28] {Threei} and Ukrtaine is way closer with Russia than with Poland

[15:28] {_jfjf64} lol

[15:28] {Les} yeh yeh. I drink single malt whisky

[15:29] {Les} tasted Australian whisky

[15:29] {Les} scott

[15:29] {_jfjf64} i lk that too

[15:29] {Les} swiss

[15:29] {dino} and that we all are genetic cousins

[15:29] {Threei} with hard liquor occupying topic, let's go long CEDC?

[15:29] {Les} haven't heard of any north american single malts. I'm sure someone's making it somewhere

[15:29] {dino} good point

[15:30] {larisa} Scotland and Switzerland are 2 different countries too??

[15:30] {Threei} more than that Larisa, and this may come as a shoch:

[15:30] {Les} ca suffit larisa!

[15:31] {_jfjf64} im out of here my friends good day

[15:31] {dino} cya jf

[15:31] {Les} bye

[15:31] {Threei} I always thought Karl Marx and Freidrich Engels were husband and wife,... and olny recently found out they were 4 brothers

[15:31] {Threei} take care jf

[15:31] {Les} I thought you were a joke nazi Vad?

[15:31] {Threei} someone's yes

[15:31] {Threei} but not my own

[15:32] {dino} cpla

[15:33] {Threei} too bad I skipped than XNPT entry... was a good one

[15:34] {Les} well, know what to bring to Bahamas one of these years... POLISH vodka

[15:36] {Threei} look at CEDC reacting on ypour decision

[15:36] {Les} c

[15:36] {Les} had enough of this computer. night all.

[15:37] {dino} ugh clh

[15:37] {Threei} take carwe Les

[15:37] {billyc} gn les

[15:37] {dino} cya les

[15:37] {fernp} bye ese

[15:37] {fernp} les

[15:38] {larisa} TSL not going to reverse today it looks like

[15:41] {fernp} Good evening everybody. See you all tomorrow

[15:41] {Threei} take care fern

[15:41] {billyc} gn fern

[15:42] {dino} cya

[15:47] {Threei} Shamu in Orlando Seaworld killed a trainer

[15:47] {nemo} shit happens

[15:47] {Threei} happened here in Victoria... we had our own little seaworld

[15:47] {Threei} closed after similar accident

[15:48] {nemo} funny...reminds me of a baby's bib I saw "Spit Happens"

[15:50] {Threei} strange... TV says Orlando, but visual is San Diego

[15:52] {Threei} unless they are totally identical

[15:52] {lasertrev} i know shamu is in SD, unless more than one whale has the same name

[15:54] {lasertrev} thats like having a fish and a man called nemo

[15:54] {nemo} fas interesting pattern since 2:40 looks like a few attempts to slam stops

[15:55] {Threei} Shamu is the stage name of SeaWorld's iconic Orca (killer whale) show, which is shared by numerous adult male or female orcas at the SeaWorld parks.

[15:55] {nemo} mmmmhhhhhh?

[15:55] {nemo} wish I had a wise ass comment

[15:55] {Threei} you don't???

[15:55] {Threei} that's a first

[15:56] {Threei} where is nemo we came to know and , ummm

[15:56] {Threei} know

[15:56] {nemo} fear?

[15:56] {nemo} wow clh

[15:56] {dino} yeah, i see it

[15:57] {Threei} hearings on TM start sound ugly

[15:58] {dino} tm hod

[15:59] {dino} out cfi -.10

[15:59] {Threei} wow... anyone's watching this?

[16:00] {dino} stupid on cfi, had .32 on it

[16:00] {larisa} I was looking at it at .40 and thinking of you :)

[16:01] {billyc} gn everyone

[16:01] {Threei} okay guys, thank you all

[16:01] {Threei} have a good evening

[16:01] {larisa} bye all :)

[16:01] {Threei} see you tonmorrow

[16:01] {dino} should have yelled sell larisa

[16:02] {dino} gn all

[16:02] {nemo} cya

[16:02] {dino} esrx rockin'

[16:04] {Threei} ESRX Reports Q4 $0.97 v $0.90e, R$8.2B v $7.4Be

[16:04] {Threei} - Guides FY10 EPS $4.80-5.00 v $4.69e

[16:04] {Threei} AMSG Reports Q4 $0.42 v $0.42e, R$168.6M v $169Me

[16:04] {Threei} - Guides Q1 $0.41-0.43 v $0.44e

[16:04] {Threei} - Guides FY10 $1.77-1.80 v $1.81e, R$720-750M v $728Me

[16:05] {lasertrev} nemo dcc

[16:05] {Threei} TQNT

[16:06] {Threei} Triquint Semiconductor Inc Reports Q4 $0.14 v $0.13e, R$193.3M v $188Me

Feb 23 2010

Day started with nice TM short for 40 cents profit (which was in retrospect worth much more, dropped over a dollar). Then a few smallish stops ate into profit, leaving day closer to flat. Narrow range for the whole day starting from 10:30 or so hasn't left much room for plays.

Session Time: Tue Feb 23 00:00:00 2010

[08:19] {Threei} Senator Dodd may not release financial regulation this week -CNBC

[08:20] {Threei} I don't know how I am going to survive this week then

[08:20] {nemo} vodka

[08:20] {Threei} the only even if lsight chancer

[08:20] {nemo} ?

[08:20] {Threei} slight

[08:22] {Threei} **Note: On Feb 18th - (US) Aide to Senator Dodd Aide confirms intent to release financial reform overhaul bill next week

[08:22] {Threei} - Follow up: Banking committee members reportedly are evaluating removing ban on prop trading from the Volcker rule - unconfirmed report

[08:22] {Threei} **Also reminder: On 2/11 (US) Senators Dodd (D) and Corker (R) have agree to shelve Consumer Protection Agency legislation. The two Senators were working together on a bipartisan financial reform bill. CNBC now reports that part of that agreement was to shelve the CPA portion of the bill and address it after the rest of the bipartisan bill is crafted.

[08:22] {Threei} CNBC reporters speculate that this strategy is meant to attract moderate Republicans to vote for the reform bill.

[08:40] {fernp} Good morning everybody

[08:41] {Threei} fern :)

[08:44] {Threei} (EU) EU's Barroso: Should not compare EU deficits among members; All EU countries are moving towrads reducing deficits

[08:44] {Threei} lol

[08:47] {Les} so Dems and Reps agree to do nothing; Europe says nothing to it...hmmm

[08:47] {Les} morning :)

[08:47] {Threei} Les :)

[08:53] {Threei} Tuesday, February 23, 2010 8:41:54 AM

[08:53] {Threei} Preview: Q4 and Dec S&P/CaseShiller Home Price Index expected out at 09:00 ET

[08:53] {Threei} - Dec Composite-20 Y/Y: -3.1%e v -5.3% prior; Home Price Index: 146.3e v 146.3 prior

[09:00] {Threei} *(US) DEC SP/CASESHILLER-20 Y/Y: -3.1% V -3.1%E;

[09:00] {Threei} HOME PRICE INDEX: 136.31 V 146.3E

[09:00] {nemo} prices are up 10% yoy in Boston

[09:01] {Threei} JNPR Announces New Common Stock Repurchase Authorization of up to $1 Billion (27.21, 0.00, 0.00%)

[09:03] {Les} anything on your watch list Vad?

[09:04] {Threei} the usual

[09:09] {billyc} gm everyone

[09:09] {Threei} billy :)

[09:09] {strider} morning all.

[09:09] {Les} hey billy, strider

[09:09] {Threei} strider :)

[09:10] {nemo} haroo

[09:10] {strider} nemo, vad:)

[09:13] {Threei} US) Treasury spokesman: US Treasury remains committed to the Volcker rule

[09:14] {strider} TM seems to be shortable today on NAS

[09:14] {Threei} yes

[09:14] {_jfjf64} mornin all

[09:15] {Threei} jf :)

[09:15] {nemo} slb got premarket mojo

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:19] {lasertrev} gm

[09:19] {Threei} trev :)

[09:19] {nemo} lt

[09:19] {Threei} regarding TM, I still think this one has a lot of downside, and its troubles are very far from over,

[09:20] {Threei} but shorting roght into all these congress testimonials seems a bit too obvious

[09:21] {Les} X holding under 53. might be b/o candidate at opening

[09:22] {strider} might be a play in PALM today.

[09:23] {Les} XNPT had nice range yesterday.

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {nemo} dino you missed slb yesterday

[09:24] {nemo} you're kinda' action

[09:24] {Les} hey hey. we needed your extreme trading setups yesterday

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

[09:25] {Threei} larisa :)

[09:26] {larisa} vad :)

[09:26] {nemo} Mmmmhhhhh...both Dino and Lari off yesterday....veeeerrrry interesting

[09:27] {larisa} sigh

[09:28] {dino} daughter was sick, no school

[09:28] {nemo} X sitting on pre market lows

[09:28] {dino} she's in office w/me today. brb

[09:28] {Les} thats what makes trading great - flexibility

[09:29] {Threei} Amazon.com Inc BGC reiterates Sell rating, with "3 reasons to sell"

[09:29] {Threei} - Firm believes WMTs acquisition of Vudu is another indicator that WMT is ramping up its digital and ecommerce efforts. Firm notes that WMT created a new group in January called Global.com to oversee its entire ecommerce business including strategy and platforms. Firm expects these moves could increase competition and pricing for AMZN. Firm also points out that AMZN may increasingly seek to pursue dilutive acquisition including the possibility of acquiring NFLX.

[09:30] {Threei} PAKM sharp selling

[09:30] {Threei} PALM

[09:32] {ese} expd L .80

[09:32] {Threei} Short Setup: TM .60 break half lot

[09:33] {ese} out .92

[09:33] {ese} +.12

[09:33] {Threei} if stays under .75

[09:33] {_jfjf64} nice ese

[09:33] {ese} tks....quick

[09:33] {Threei} PALM

[09:33] {Threei} double bottom

[09:34] {Threei} .40 break long

[09:34] {Threei} if stays above .30

[09:34] {nemo} indices probably gonna pull back in a few cents

[09:35] {nemo} that was quick

[09:36] {Les} .30 b/d?

[09:36] {Threei} nah

[09:36] {Threei} just invalidation of long

[09:38] {Threei} RDN momo

[09:38] {nemo} big order .30 palm

[09:38] {Les} s xnpt .69

[09:38] {nemo} indices crapping out

[09:39] {Les} out +.09

[09:39] {nemo} palm holding .30

[09:39] {dino} gj les

[09:40] {_jfjf64} gs

[09:40] {Les} preparing for another possible dead day. taking the money now

[09:40] {ese} any penny dabblers here.....peix

[09:40] {ese} pullback...opinions

[09:41] {Threei} worth a try ese

[09:41] {Threei} I'd prefer it under .30

[09:41] {ese} was just thinkin that

[09:41] {ese} me also

[09:42] {ese} last support yesterday 2:30ish .30

[09:42] {Threei} US) Preview: Feb Consumer Confidence due out at 10:00ET

[09:42] {Threei} **consensus expectation: 55.0e v 55.9 prior

[09:42] {Threei} US) Preview: Feb Richmond Fed Manufacturing data expected at 10:00ET (15:00 GMT)

[09:42] {Threei} **consensus expectation: 2e v -2 prior

[09:44] {ese} it ain't gonna make it

[09:44] {Les} PALM if it breaks thru .41?

[09:44] {Threei} no

[09:45] {Threei} TM short reestablished

[09:45] {ese} peix....oh well....next time

[09:47] {Threei} not a scalp

[09:48] {Les} s slb .29

[09:51] {Threei} TM is ready

[09:52] {nemo} missed

[09:52] {Les} slb stopped

[09:52] {dino} ipcm

[09:52] {ese} nice expd made it to 38....nice run

[09:55] {nemo} 70 should be resistance on rimm

[09:55] {dino} sm l .00, wide jumpy ipcm

[09:55] {Threei} 5 min till numbers

[09:55] {Threei} careful with new positions

[09:56] {nemo} figures, nice DT on RIMM...anyway

[09:56] {Threei} TM maybe forming new short setup

[09:56] {Threei} .50 break

[09:56] {nemo} this close to numbers :)

[09:57] {Threei} comment for the case when it triggers after

[09:58] {Threei} UAUA CFO: Have no data that shows that business travel recovery differs from other recessions (15.68, +0.15, 0.97%) (related LUV AMR )

[09:58] {dino} stop on ipcm is .64

[09:58] {nemo} I don't think the confidence number will have a big effect

[09:59] {nemo} unless it's radically away from estimates

[09:59] {dino} cbrl

[09:59] {Threei} *(US) FEB RICHMOND FED MANUFACTURING: 2 V 2E

[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )

[10:00] {dino} dropping

[10:00] {Les} TM

[10:00] {Threei} *(US) FEB CONSUMER CONFIDENCE: 46.0 V 55.0E

[10:00] {nemo} that's radical

[10:00] {Les} nice

[10:00] {Threei} how about no effect

[10:00] {nemo} I said unless radically away from estimate, that's 20%

[10:01] {Threei} IMF: Fiscal tightening in emerging markets will probably need to begin sooner than first expectations

[10:01] {Threei} this porobably adds to selling pressure

[10:01] {nemo} kick myself for not taking rimmm short

[10:02] {ese} sreens are red

[10:02] {dino} they should just shut up, whats the point of talking about this

[10:02] {ese} screens

[10:03] {nemo} and TM just sits there

[10:03] {Les} looking for another short entry in slb. maybe bounce coming vad

[10:03] {Les} a bounce play?

[10:04] {nemo} aig bouncing, might come back to a short

[10:04] {Threei} (US) FDIC's Bair: More banks are reporting improved earnings, 1 in 5 banks showed a narrower loss in Q4 2009 (related XLF )

[10:04] {fernp} MELI ignoring market

[10:05] {Threei} COIN Signs Licensing Agreement with MassOrganics for New Manufacturing Facility (update) (1.06, +0.10, 10.44%)

[10:07] {dino} meli -2

[10:07] {dino} turning up tho fern

[10:08] {dino} ipcm .55 wall

[10:14] {Threei} Attention: COVER half TM

[10:14] {Threei} scalpers be happy

[10:14] {fernp} ty vad

[10:14] {Les} nice one thanks

[10:15] {strider} PALM

[10:16] {Les} looking at it strider. it respects 50 ma as resistance. and 50 ma descending fast

[10:16] {Threei} stop for the balance is b/e, TM

[10:17] {Threei} any trade under .25 and trail it to above .50

[10:18] {dino} watching pega

[10:20] {fernp} AXS salmon, Vad?

[10:20] {Threei} Short Setup: X half lot

[10:20] {Threei} 52.05 break

[10:21] {Threei} stop above .15

[10:22] {dino} meli drop

[10:23] {Threei} not sure about AXS fern

[10:23] {Threei} can be very volatile

[10:23] {nemo} stopped x

[10:23] {fernp} don't worry, took .50 break w/stop under .40

[10:24] {fernp} 1:1 is here

[10:24] {Threei} TM stop to above .50

[10:25] {dino} gj tm

[10:26] {Threei} ty

[10:26] {fernp} X no go

[10:29] {_jfjf64} vxx vad anythin

[10:30] {Threei} hmmm

[10:31] {Threei} I'd prefer to wasit and get a pullback on it

[10:31] {Threei} wait

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

[10:32] {Threei} - NYSE volume 240M shares, about 2% below its three-month average; decliners lead advancers by 6.4:1.

[10:32] {Threei} - NASDAQ volume 595 shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.

[10:32] {Threei} - VIX index +5.75% to just over 21.00

[10:33] {Threei} Attention: TM cover 1/4 more

[10:33] {Threei} +.40

[10:34] {Threei} this is my trade of the day

[10:34] {dino} lets see if meli holds .70

[10:34] {Threei} stop to above .40

[10:34] {dino} wtfg vad

[10:34] {Threei} ty

[10:34] {_jfjf64} very nice

[10:34] {dino} are you ready for this?

[10:34] {Threei} rare case when conviction and diascipline are on the same side

[10:35] {Threei} let's have it dino

[10:35] {dino} just a second

[10:35] {dino} out ipcm .90, +.90

[10:36] {Les} obscene

[10:36] {dino} lol

[10:36] {Threei} ok... I thought I was ready... no, turns out I was not

[10:36] {Threei} lol

[10:36] {Threei} wtg

[10:36] {Les} :)

[10:36] {Les} nice score

[10:36] {dino} beauty

[10:36] {dino} want pullback under 31.50

[10:36] {_jfjf64} dino

[10:37] {_jfjf64} gj

[10:37] {fernp} wtg dino

[10:37] {dino} ty

[10:37] {_jfjf64} 3i vxx

[10:37] {dino} pega hold .00area well, as does meli around .90, higher lows

[10:37] {Threei} ok

[10:38] {Threei} VXX nice sharp pullback

[10:38] {Threei} probably one more leg comning

[10:38] {Threei} if not .80 break long

[10:39] {Threei} keep it half lomy preferred entry would be closer to .60

[10:39] {nemo} lot?

[10:39] {Threei} 10:39] {Threei} keep it half lot

[10:40] {nemo} came out "lomy" look at iscussions

[10:40] {nemo} discussions

[10:40] {nemo} [10:38] {&Threei} keep it half lomy preferred entry would be closer to .60

[10:41] {strider} stop?

[10:41] {Threei} under .70

[10:42] {ese} this is just not my type of trading day........only being remotely comfortable with shorting this type of day takes me out of the game

[10:44] {Threei} you better practice that shorting ese...

[10:44] {nemo} wfmi strong today up .54

[10:45] {dino} no pullback ipcm

[10:45] {ese} definitely

[10:46] {ese} i see the setups from your book vad......but for some reason or other i don't think that i can judge the momo correctly

[10:47] {nemo} funny, I see shorts easier than longs..you're just too optimistic by nature

06[10:47] * nemo slaps ese around a bit with a large dose of cold cruel reality (and nemo's sense of humor :))

[10:48] {ese} ya ...could be

[10:48] {dino} dead people here

[10:48] {nemo} Dino, you're like the rising sun with that line

[10:48] {nemo} I was waiting

[10:48] {dino} why thank you

[10:48] {nemo} consistence (hobgoblins of something...:))

[10:49] {Threei} Long Setup: VXX .57

[10:49] {Threei} stop under .50

[10:52] {_jfjf64} comon

[10:52] {Threei} come on VXX. market's dropping

[10:52] {nemo} that pile up at .56

[10:56] {Threei} sigh

[10:56] {ese} aaaaaaand....."the red red robin keeps bob bob bobbin along" yeahhhhhhh! have always hated that color......i think my trading screen knows that on days like this

[10:56] {strider} that's it for me today.

[10:56] {dino} wcg sm l .35

[10:56] {fernp} yeah!, sight

[10:56] {Threei} (US) Congressional committee members are reportedly looking at a narrower version of the Volcker rule (related XLF )

[10:56] {nemo} yep me too, maxed out

[10:57] {Les} me too

[10:57] {_jfjf64} grr

[10:57] {ese} i could be joining you st

[10:57] {ese} cya

[10:57] {_jfjf64} rat

[10:57] {fernp} i am still alive :-)

[10:58] {ese} goooooooo fern gooooooooooooooo!

[10:58] {dino} take care strider

[10:58] {dino} me too fern

[10:58] {fernp} lol ese

[10:58] {strider} see ya.

[10:58] {fernp} take care strider

[10:58] {Les} ciao

[10:59] {dino} dgw drop

[11:00] {dino} enoc sm l ave .18

[11:00] {Les} dino, you mind sharing your list?

[11:01] {dino} same as fri, plus palm, pega, ipcm, meli

[11:01] {Les} thanks

[11:01] {dino} np

[11:01] {dino} wcg takes out .50, could run

[11:01] {ese} everyone knows whats gonna happen today eh?

[11:01] {dino} night will come

[11:02] {Les} I will get drunk

[11:02] {ese} traders are bummed out.....decide that've had enough....leave.....and the market is going to have huge rally!

[11:02] {dino} chickened out meli, at .00

[11:03] {dino} will wait for another try

[11:03] {Les} airlines recovering will try uaua .35 break

[11:03] {dino} pega, ugh

[11:04] {ese} was onto that this morning dino....almost went long 34

[11:04] {dino} thats what i wanted, but too late

[11:04] {ese} it beat by .01.....am kicking myself

[11:04] {ese} don't know what the hell i was thinkin

[11:05] {dino} random dance es, thats all, i understand

[11:05] {dino} it may re-test

[11:08] {Threei} MPEL Hearing takeover chatter circulating

[11:08] {Threei} - WYNN rumored as a potential acquirer (related WYNN )

[11:08] {nemo} wfmi steroidal salmon

[11:09] {dino} fcx lod

[11:09] {dino} 5 day low too

[11:10] {dino} clw range .00-.70ish, thin

[11:11] {dino} swm trades w/it

[11:12] {dino} apol, tlvt hold well on list les

[11:12] {Les} k

[11:13] {Les} i like fcx. make or break time here

[11:13] {Les} thinking long

[11:13] {dino} like irish spring

[11:13] {nemo} you have a unique sense of humor

[11:14] {dino} useless junk stuck in my head that i can't get rid of

[11:14] {nemo} definition of irish

[11:14] {Les} never useless. usually has importance to us

[11:14] {Les} lol nemo you are nasty

[11:14] {nemo} I'm half irish

[11:14] {dino} and he says that to a mc

[11:15] {nemo} purposely :)

[11:16] {dino} most likely not today, but gaps ndx 1779, s/p 1075 02/12

[11:17] {dino} netl drop

[11:17] {dino} scanners all red, more down imo

[11:22] {Les} out uaua +.08. scalp scalp scalp out of this hole

[11:22] {Threei} TM Rep Waxman: Ultimately the Toyota crisis will require legislation (72.20, -0.73, -1.00%)

[11:23] {nemo} oh jeez

[11:23] {Les} lol of course

[11:24] {dino} meli .05 sm l

[11:24] {nemo} wfmi, holding above .70 important level

[11:24] {dino} gj les

[11:24] {Les} thanks, gonna need a lot more than that. TM keeps dancing around lod

[11:26] {Threei} Short Setup: TM .20 break half lot

[11:26] {dino} ugh clw

[11:26] {Threei} Former Fed Chair Greenspan: Economic recovery has been very unbalanced

[11:27] {Threei} just shut up already

[11:27] {fernp} stop , Vad?

[11:27] {Threei} you said all you possibly could

[11:27] {Threei} for scalpers above .30

[11:27] {dino} ty 3i, my earlier point. they think they are rock stars or something

[11:27] {Les} haha more unbalanced than his normal economic theory?

[11:27] {Threei} for day traders, .40

[11:27] {fernp} ok ty

[11:27] {dino} clw just went nuts

[11:27] {dino} swm watch

[11:28] {dino} meli stopped -.30

[11:29] {dino} swm sm l .50

[11:30] {nemo} where's your stop dino

[11:31] {dino} .18

[11:36] {Les} fcx looking more like a short

[11:36] {nemo} careful on breakdowns going into lunch

[11:37] {Threei} out

[11:37] {dino} mkt going up

[11:37] {fernp} stopped TM

[11:37] {nemo} wfmi

[11:37] {_jfjf64} grr

[11:37] {nemo} sorry

[11:38] {dino} pega going to hold here es?

[11:38] {nemo} .82 strong resistance

[11:42] {fernp} IGT valid dbi, Vad?

[11:43] {Threei} only if market breaks down, and I don't see aything to indicate it

[11:43] {fernp} ty

[11:43] {Threei} rather feels like we are locked or slowly climbing from here

[11:44] {nemo} I wonder if bear flag

[11:48] {dino} fti sm l .20

[11:51] {_jfjf64} tm

[11:51] {dino} amsc back to may/june levels. strange stock

[11:52] {dino} rino holds

[11:52] {nemo} breakdowns breakouts are traps right now

[11:53] {Threei} TM is getting killed now

[11:53] {Threei} 72 won't hold IMO

[11:53] {Les} crap fcx too

[11:54] {Threei} TM Pres: Company growth may have been too fast; exceeded ability to develop people and company - congressional testimony text (72.05, -0.88, -1.21%)

[12:01] {Threei} rug is about ot get pulled from under TM

[12:02] {Threei} drop and snapback

[12:03] {_jfjf64} whos gonna win

[12:03] {dino} fti stopped -.31

[12:03] {Threei} I think sellers but it's not an easy battle

[12:03] {Threei} a lot of stops will be taken along the way

[12:03] {fernp} Trying QID long

[12:04] {nemo} It's down so much from the peak

[12:04] {_jfjf64} exatly

[12:06] {Threei} Market Internals update at 12:00pmET- NYSE volume 410M shares, about 6% below its three-month average; decliners lead advancers by 5.9:1.

[12:06] {Threei} - NASDAQ volume 1.02B shares, about 9% above its three-month average; decliners lead advancers by 3.4:1.

[12:06] {Threei} - VIX index +5.75% to just over 21.00

[12:07] {_jfjf64} sellers round 1

[12:12] {Les} fcx .84 b/d? sufficient consolidation?

[12:12] {nemo} you might want to see if this is a db first

[12:13] {Threei} I can't tell

[12:21] {fernp} 1:1 QID

[12:23] {Les} out fcx. maybe bounce time for q'w

[12:23] {Les} q's too

[12:28] {fernp} 1:2 QID out

[12:28] {Threei} wrg

[12:30] {Les} CAL .66 b/d?

[12:31] {Threei} if market continues slide... not the best canddiate though

[12:35] {dino} netl sm l .75

[12:43] {Threei} we finally near that triple digit red

[12:44] {Les} and didn't make a friggin dime from it

[12:44] {Threei} speak for yourself

[12:45] {Les} I am

[12:45] {larisa} you made a dime vad? :)

[12:45] {Threei} was I alone in this rtoom in the morning?

[12:46] {dino} vxx right

[12:51] {dino} perhaps i am

[12:54] {Threei} Dalai Lama is on Tweeter

[12:54] {nemo} you mean twitter?

[12:54] {Threei} whatever

[12:54] {nemo} well...tweeter was the name of a hi-fi chain on the east coast

[12:57] {Threei} kind of unbecoming of the reincarnation of one of spiritual leaders who have chosen to be reborn in order to enlighten others.

[12:58] {larisa} vad is kinda tense, somebody pass him carrot juice

[12:58] {nemo} ehhh...with his really enlightened followers he mind melds...with the rest of us morons, he tweets

[12:58] {dino} roflol

[12:58] {Les} well given twitter user attention spans, they should stay enlightened for maybe 30 seconds...

[12:59] {dino} what do you believe that isn't true

[12:59] {nemo} ?

[13:00] {dino} question what is preached/spoken/etc

[13:06] {_jfjf64} db tm

[13:07] {Threei} I doubt it

[13:09] {Threei} TM selling is far frpom done

[13:09] {Threei} we haven't seen even beginning of panic yet

[13:10] {_jfjf64} agree

[13:10] {fernp} EQT .82 breakdown, Vad?

[13:10] {Threei} I think so

[13:10] {Threei} of market helps of course

[13:10] {fernp} above .90 is a good stop?

[13:11] {Threei} (US) SEC's Shillman: SEC will likely allow sub-penny pricing - BusinessWeek

[13:11] {Threei} - NYSE Euronext and Nasdaq OMX Group Inc., which run the two biggest U.S. stock exchanges, have said they want regulators to expand eligibility for subpenny pricing to companies trading for up to $10 a share, from the current upper limit of $1.

[13:11] {_jfjf64} by july 1 stock 55

[13:11] {Threei} yes fern

[13:11] {fernp} ty

[13:11] {Threei} I think much sooner, and lower

[13:11] {_jfjf64} really

[13:11] {Threei} this crisis gains speed

[13:12] {Threei} TM is only 70 ents away from panic low of couple weeks ago

[13:12] {_jfjf64} lk aig last year this time

[13:14] {_jfjf64} steady sellin

[13:15] {Threei} should have for once listen to my intuition and not do anything but hold original TM short

[13:15] {Threei} dollar down

[13:15] {Threei} and not done yet

[13:15] {_jfjf64} hmm

[13:16] {dino} trit

[13:17] {Threei} ONSM

[13:17] {Threei} ONstream Media Corporation Launches Live Mobile Video Streaming Service for iPhone and BlackBerry (update)

[13:17] {Threei} - The new mobile video streaming service was developed with Onstream Media's leading Digital Media Services Platform (DMSP) technology which services clients in the Global 2000, Media and Entertainment, and Business-to-Business community. The service is device agnostic, enabling adaptive and segmented streaming to popular mobile devices using Akamai's Content Delivery Network

[13:22] {dino} 2 year went well

[13:23] {nemo} short durations aren't the problem

[13:23] {dino} 30 yr up 2 from yesterday

[13:26] {dino} scannres all green

[13:26] {_jfjf64} vxx vad any read boss

[13:28] {Threei} no, not really

[13:46] {dino} out .24, netl, +.49

[13:52] {larisa} gj

[13:52] {Threei} White House's Gibbs: No plans to "water down" Volcker rule, committed to ban on risky trading by banks; Pres Obama supports the repeal of the anti trust exemption for health insurers

[13:52] {Threei} ***Note: This repeal of the heathcare anti-trust exemption was planned to be included the Congressional health care bill but was subsequently removed during negotiations

[13:53] {Threei} 41% Favor Obamas Health Care Plan, 56% Oppose

[13:54] {Threei} that's because he didn't explain it well I am sure

[13:54] {_jfjf64} 57 %

[13:56] {_jfjf64} cmc

[13:57] {nemo} wfmi headed north

[13:59] {Threei} new low TM

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

[14:00] {Threei} - NYSE volume 600M shares, about 2% below its three-month average; decliners lead advancers by 6.1:1.

[14:00] {Threei} - NASDAQ volume 1.49B shares, about 10% above its three-month average; decliners lead advancers by 2.4:1.

[14:00] {Threei} - VIX index +8.5% to just over 21.50

[14:05] {dino} cski

[14:08] {dino} swm stopped -.32

[14:23] {dino} slxp halt, fda panel review, rumors looks good, realmoney.com

[14:25] {Threei} 1:56:20 PM

[14:25] {Threei} Salix Pharmaceuticals Ltd FDA gastrointestinal advisory panel : Xifaxan effective in treating hapatic illness; supports use in liver disorder

[14:25] {Threei} - votes 16-2 that shows evidence of efficacy

[14:27] {Threei} sounds like news rather than rumor to me, no?

[14:28] {dino} hsii, beats, guides up, drops

[14:28] {dino} you are correct

[14:31] {nemo} wfmi new high

[14:35] {Les} db on TM?

[14:37] {Threei} or inverted C&H

[14:37] {Les} ok. long enough time frame is it?

[14:38] {Threei} hmm?

[14:38] {Les} 35 mins enough to work with c&h setup?

[14:38] {Threei} you mean time between bottoms?

[14:38] {Threei} well... morte or less, yes

[14:39] {Les} ok

[14:39] {Threei} I'd prefer a bit longer,

[14:39] {Threei} but double bottom scenario has even bigger problem

[14:39] {Threei} confirmation level is way too far

[14:40] {Threei} .75

[14:41] {Les} understood

[14:43] {Threei} C&H is ruined

[14:45] {dino} qdel

[14:45] {dino} crazy

[14:47] {Threei} QDEL Diagnostic Hybrids unit receives FDA Emergency Use Authorization for D3 Ultra 2009 H1N1 Influenza A Virus ID Kit

[14:47] {Threei} - received emergency use authorization from the U.S. FDA for its D3 UltraTM 2009 H1N1 Influenza A Vi...more...

[14:49] {nemo} fas may be setting up for a nice short here. right at 200 ma, little DT near previous swing high

[14:50] {nemo} dependent on spy

[14:51] {fernp} SPY break 110 long with SSO, Vad?

[14:51] {Threei} I think so

[14:51] {fernp} ok

[14:53] {dino} swm sm l .90

[14:55] {Les} wow. TM double bottom it was

[14:59] {dino} all dayer, stop to .95 wcg

[15:01] {_jfjf64} my first week back yuk

[15:02] {Threei} sheesh

[15:02] {Threei} I am out of here, see you all in a year

[15:02] {dino} huh?

[15:02] {dino} wcg to .00

[15:02] {nemo} what?

[15:02] {_jfjf64} lol

[15:02] {nemo} you going to tibet?

[15:02] {Threei} wherever

[15:03] {dino} you ok?

[15:03] {dino} out wcg +.65

[15:03] {Les} nice one

[15:03] {nemo} he has a hard time with days ending in "y"

[15:03] {Threei} "yuk" is what I get for bavigating these waters?? :)

[15:03] {fernp} excellent dino

[15:03] {dino} ty, got lucky, slow climb

[15:03] {_jfjf64} gj dino

[15:04] {dino} thx

[15:04] {_jfjf64} thats being kind waters

[15:05] {nemo} Oh Black Water keep on rollin' Mississippi moon won't ya' keep on shinin' on me...

[15:05] {_jfjf64} shinin on meeeeeeeee

[15:06] {nemo} I ain't got no worries....

[15:06] {_jfjf64} vad we gettin restless any jokes somethin

[15:06] {nemo} just look in the mirror

[15:06] {nemo} ow...

[15:06] {Threei} no jopkes for you

[15:06] {Threei} {--- joke nazi

[15:07] {nemo} put both hands in....now clap

[15:10] {Threei} .50 won't hold, TM

[15:10] {Les} was gonna say something similar. s tm .54

[15:11] {_jfjf64} 71 comin

[15:11] {Les} out 1/3

[15:12] {dino} big mistake on pega today

[15:12] {Les} what did you do?

[15:12] {Les} $4 recovery. beautiful

[15:13] {dino} missed it at 35 and said i'd wait for it to come back

[15:13] {dino} think es was talking w/me about it

[15:13] {Les} ah yes remember that. out 2/3 tm

[15:15] {dino} clw sm l .69 risky, jumpy

[15:16] {dino} trit pop again

[15:17] {nemo} whaddya' think, market runs into the close

[15:22] {dino} so far it does

[15:22] {dino} gut says drops at 3:40

[15:22] {Les} out last 1/3 +.03. TM pops again

[15:22] {dino} end about -100

[15:23] {nemo} except this whole pullback was because of the sentiment report

[15:23] {nemo} or started with it

[15:23] {dino} or 9 days in row up

[15:23] {nemo} $ up pretty good though

[15:30] {_jfjf64} night all

[15:30] {nemo} cya

[15:30] {Les} bye

[15:30] {Threei} take care jf

[15:32] {fernp} Good evening everybody. See you all tomorrow

[15:32] {Les} ciao

[15:32] {nemo} Hasta manana

[15:32] {Threei} bye fern

[15:33] {dino} cya jf

[15:33] {dino} cya fern

[15:37] {Threei} DRIV Restates Q1 2009 GAAP EPS to $0.36 from $0.45 due to an incorrect accounting entry

[15:37] {Threei} - no change to reported revenue. (26.44, -0.25, -0.94%)

[15:39] {billyc} gn all

[15:39] {Les} ciao billy

[15:41] {dino} 3:40

[15:48] {dino} wrld

[15:51] {dino} clw stopped

[15:51] {Les} s fcx .68

[15:52] {Les} out +.10

[15:54] {Les} TM .50 b/d?

[15:54] {dino} out swm -.08

[15:54] {Threei} 5 min till eod?

[15:54] {Les} lol lost track of time

[15:55] {Threei} thank you all, have a good evening

[15:55] {Threei} see you tomorrow

[15:55] {larisa} bye :

[15:55] {larisa} )

[15:55] {Les} thanks Vad, despite my grumbling

[15:55] {dino} neg. day 5 losers 4 wins

[15:56] {dino} opps 6 losers

[15:56] {dino} 3 wins

[16:01] {dino} gn all

Feb 22 2010

We had 100% winning day - on 2 (yes, TWO) calls for the whole day. I don't think I've ever had that few. Both were on DNDN, one breakout for 36 cents and one bounce for 17.

Session Time: Mon Feb 22 00:00:00 2010

[07:55] {Les} Toyota memo trumps savings over safety. In an internal document from 2009, Toyota (TM) employees celebrated saving the company over $100M by convincing regulators to end a 2007 investigation into sudden acceleration complaints with a relatively cheap floormat recall for just 55,000 cars. The memo will put further pressure on Toyota President Akio Toyoda when

[07:58] {Les} smart move on their part

[08:07] {Les} SLB not digesting their acquisition of SII well premarket

[08:19] {nemo} what a surprise, a gap day

[08:29] {nemo} wow...slb traded over 2 million shares already

[08:31] {Threei} (GE) Germany Finance Ministry: Believes that Greece will succeed in debt refinancing next month; No decision taken on aid for Greece- EU needs to consider new rules and sanctions in the context of Greece

[08:35] {Threei} Market update

[08:35] {Threei} 5:53 AM European Market Update: China reiterated its pledge to maintain moderately loose monetary policy and maintain proactive fiscal policy; Session risk appetite wanes as no concrete news emerges on Greek aid package

[08:35] {Threei} *** ECONOMIC DATA ***

[08:35] {Threei} - (JP) Japan Jan Convenience Store Sales Y/Y: -5.3% v -5.5% prior

[08:35] {Threei} - (SZ) Swiss Jan M3 Money Supply Y/Y: 5.6% v 6.6% prior

[08:35] {Threei} - (TT) Taiwan Jan Unemployment Rate Seasonally Adj: 5.7% v 5.7%e

[08:35] {Threei} - (NE) Netherlands Feb Consumer Confidence: -13 v -11e v

[08:35] {Threei} - (IC) Iceland Jan Wage Index M/M: 0.1% v 0.3% prior; Y/Y: 3.1% v 3.6% prior

[08:35] {Threei} - (IT) Italy Jan Trade balance Non-EU: -3.2B v -4.0B prior

[08:35] {Threei} *** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***

[08:35] {Threei} - Despite a strong trading session in Asia, opening highs in Europe didn't last. Equities rolled over and turned negative within the first hour of trading. The motivations behind this move has been mixed but has been broadly in line with the expected pare back of commodity and high yielding currencies as risk aversion crept back into the market. Equities that traded lower included Glaxo [GSK.UK], following a NYT article on the safety of its Avandia medication, along with Carrefour [CA.FR] and Axa [CS.FR], following analyst actions. Pilots at Lufthansa [LHA.GE] have followed through with strike threats leading to travel chaos in Germany and those shares moving lower. Retail as a sector moved lower on general sentiment and cautious notes on H&M [HMB] and Zara [ITX.SP] from BNP. Weekend press speculation has been fierce with commentary regarding an expected EU approval for a T-mobile [DTE.GE] Orange [FTE.FR] UK JV, speculation that VTG [VTG.UK] may offer a special dividend if holders reject a Babcock [BAB.UK] bid, and speculation that Old Mutual [OML.UK] is shopping its US life insurance unit. In M&A flow, Schlumberger [SLB] and Smiths International [SII] announced a formal all stock agreement while market chatter has reignited ABB [ABBN.SZ] for Rockwell Automation [ROK] speculation. Into 5:30, equity markets remain choppy with moves above and below the unchanged line on lighter volume

[08:35] {Threei} - In individual equities: AB Foods [ABF.UK] said its first-half 2010 profit would be higher y/y. Hamerson [HMSO.UK] reported FY09 adj Pretax 130M v 150Me. TNT [TNT.NV] reported Q4 Net 25M (unclear if comp to ests), Rev 2.95B v 2.9Be, to pay total dividend of 0.53/shr.

[08:35] {Threei} - Speakers: ECB's Provopoulos commented that the Greek govt would take additional measures if needed and expressed confidence that Greece would meet it austerity goals. He stated that markets were overreacting to the crisis in the country and added that the ECB to continue its credit support. German Finance Ministry's Monthly Report noted that German January total tax revenues at 36.0B, down 7.8% y/y. The reported noted that economic recovery was prone to setbacks and sources of domestic growth were unfolding slowly. ECB's Honohan commented that reducing wages was vital to ensuring Ireland's recovery and reversing the rise in unemployment. He did note that achieving lower nominal wage rates was not easy but was essential. UK PM Brown reiterated his administrative plans to decrease deficit by half by 2014 and restore finances as economic recovery takes hold. China reiterated its pledge to maintain moderately loose monetary policy and maintain activist fiscal policy in 2010. The comments follow the reopening of the Chinese markets after a week of holidays. The comments follow the Feb 12th reserve ratio hike by the PBoC to 16.50% from 16.00%.

[08:35] {Threei} - Currencies: The European morning was prepared for rising risk appetite as weekend press raised speculation that a Greek aid package could be in the pipeline and worth up to 25B. Asian equities were firmer and energy and metals followed them higher. However, the euphoria waned as the hours rolled by and the USD and JPY maintained a firmer tone in the session. As the NY morning approached the EUR/USD was holding above the 1.36 handle after testing 1.3450 last week. Dealers did have plenty of time to analyst the situation in Europe as the news flow was light and data releases were sparse. Greece's financial distress could be exacerbated at the end of 2010 when the ECB is due to revert to old collateral rules that were loosened during the global recession. If Greek debt were no longer eligible as ECB collateral, the Greece Gov't would find it harder to find buyers for its bonds and yields would probably rise.

[08:35] {Threei} - Fixed Income: Gilts have underperformed after the latest UK polls showed Labour gaining ground on the opposition Conservatives. The Tory lead has been cut to just 8 points, with a 10 point margin generally believed to be the minimum needed to avoid a hung parliament. The 10y Gilt briefly traded 100bps cheap to the Bund in the session, the widest level in the Gilt-Bund spread spread since March 1997

[08:35] {Threei} - Geopolitical: On Saturday a brewing political crisis in the Netherlands led to the collapse of a three-party coalition government. The key issue in bringing the gov down was troop deployments to Afghanistan. Current PM Blakenende (Christian Dem) failed to ward off a split led by Deputy PM Bos (Labor) over the deployment of soldiers in Afghanistan. Labor had run on a platform in 2006/7 that combat soldiers would come home by 2010 and the party has made moves to fulfill that goal. The Dutch Queen is expected to appoint a caretaker gov that while official, will have difficulty passing any new laws *** Coup leaders in Niger have promised a return to civil government with the crafting of a new constitution followed by democratic elections. A time frame for either operation was not given. Representatives from the ruling Junta met with Libyan leader Gaddafi in a search for international recognition. African government and political organization have remained cool/mute on the subject.

[08:35] {Threei} - In the papers: An FT article discussed investor George Soros views on the EMU. Soros stated that for the euro to be a fully fledged currency it would require both a central bank and a Treasury. He believes that when a financial system is in danger of collapsing only a Treasury can deal with problems of solvency. The 2008 financial crisis revealed the flaw in the euro's construction, and he recommended the establishment of a well-organized eurobond market. Der Spiegel reported over the weekend that he EU was set to provide approx 25B in assistance to Greece. The amount to be shared amongst the EU, determined by relative position in the ECB, and encompass various loans and guarantees. Germany's share in ECB stands at 20%. WSJ commented on the use of swaps by some European governments. According to the article, some European government in the past used complex financial transactions to lower the sizes of their debts and deficits. The article commented on the previously disclosed derivatives transactions between Greece and Goldman Sachs.

[08:35] {Threei}

[08:35] {Threei} oops

[08:35] {Threei} too big paste

[08:36] {Threei} The article noted that between 1998 and 2003, Deutsche Bank entered into swap agreements on behalf of Portugal. In 1997, France arranged a transaction with France Telecom which resulted in a reduction in France's deficit. Additionally, in 1996 JP Morgan arranged an Italian currency swap which allowed Italy to receive large payments upfront and thus lower its deficit. Some critics believe that too little is known about countries' continued exposure to the derivative deals that are already out there.

[08:36] {Threei} that's what I acrualy wanted, lol

[08:58] {nemo} any news on slb this morning

[09:00] {Threei} Smith International Inc To merge with Schlumberger; The all stock agreement values SII at $11.3B or $45.84/share (37.5% premium)

[09:00] {Threei} - Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders collectively will own approximately 12.8% of Schlumberger's outstanding shares of common stock.

[09:01] {Les} Morning Vad, Nemo

[09:01] {nemo} oh...arbitraging

[09:01] {nemo} sheila :)

[09:01] {Threei} les :)

[09:01] {ese} good morning

[09:01] {Les} huh... in fine form for the week are we:)

[09:01] {Les} hey ese

[09:01] {Threei} ese :)

[09:02] {Les} saw Inglourious Basterds this weekend Vad. I liked it

[09:02] {nemo} I got bored watching it

[09:03] {ese} it's the way things should have been

[09:03] {Threei} I was disappointed... not at the level pf his other movies, IMO

[09:03] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:03] {Les} u r right Nemo/vad

[09:03] {Les} first five minutes bored me

[09:04] {Les} then I realised what he was doing

[09:04] {Les} French film

[09:04] {Les} In that regards, yes, way different to his previous works

[09:05] {Les} but Europeans are liking it, especially Christolph Waltz as the Jew Hunter. Great job

[09:06] {Threei} that's about the only thing I liked

[09:06] {Les} anything on the watch list?

[09:06] {Threei} the rest just was not up to his standards, IMO

[09:07] {Les} I think he switched audiences for this film. I've watched a few french films. they just talk and talk.

[09:08] {nemo} Watchmen was a great movie

[09:09] {billyc} gm everyone

[09:10] {Threei} billy :)

[09:10] {Les} billy

[09:10] {Les} saw District 9 as well. Talk about apartheid redux

[09:11] {nemo} yeah...that was a trip

[09:13] {Les} SLB's got some range going for it today

[09:16] {Threei} great... TM is not shortable

[09:16] {nemo} slb is an arbitrage play, so I'm not sure that will be a safe one to trade today

[09:16] {nemo} that is unless you have a good understanding of the arbitrage levels

[09:19] {Threei} Toyota Motor Corp According to documents, TM saved millions by negotiating a deal with US government officials over consumer complaints related to acceleration in some vehicles - Detroit Free Press

[09:19] {Threei} - According to the document that was turned over to US House officials, officials at Toyota boasted in an internal document that they saved the company more than $100M by negotiating a deal with US government officials on a limited recall over complaints about sudden acceleration in some vehicles.

[09:19] {Threei} - In an internal presentation last summer, the government agreement was classified under the category of "Wins for Toyota and Industry."

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:19] {nemo} trev

[09:20] {Threei} some win that was

[09:21] {lasertrev} sad

[09:31] {_jfjf64} mornin all

[09:31] {Threei} jf :)

[09:31] {nemo} jf

[09:32] {Threei} XNPT again

[09:33] {Threei} Long Setup: ARUN .45 break half lot if stays above .30

[09:37] {nemo} nice hold on the pullback

[09:37] {Threei} feels explosive

[09:37] {nemo} Qs and spy near 200 ma

[09:38] {nemo} Qs broke through 200

[09:38] {nemo} spy broke through 200

[09:39] {Threei} Long Setup: DNDN .35 break

[09:39] {ese} l dndn .28

[09:39] {Threei} stop under .20

[09:39] {ese} yup

[09:40] {ese} out dndn .36

[09:40] {ese} wow that was fast

[09:40] {ese} +.08

[09:41] {Les} RIMM looks like bounce before b/d

[09:43] {_jfjf64} dfs

[09:45] {_jfjf64} question fonts are very small in chat how do i mk larger

[09:46] {Threei} CTRL +

[09:46] {_jfjf64} ahh ty

[09:47] {_jfjf64} rimm

[09:47] {Threei} come on already DNDN

[09:47] {Les} DNDN drives a TM

[09:47] {Threei} where is sudden acceleration then?

[09:48] {nemo} in reverse

[09:48] {Les} lol

[09:48] {nemo} dndn looking short now

[09:50] {Threei} ARUN invalidated

[09:52] {Threei} half out DNDN

[09:53] {Threei} scalpers take profit

[09:53] {Les} out .47 ty

[09:54] {ese} nice play with dndn vad

[09:54] {ese} should go forever that thing

[09:54] {_jfjf64} dndn ty

[09:54] {billyc} thanks

[09:54] {Threei} 1/4 more out .60

[09:55] {Threei} welcome guys

[09:55] {Threei} stop for the last piece just under .40

[09:56] {Threei} and try to exit into spike over .70

[09:56] {_jfjf64} nice

[09:58] {Threei} out .72 for +.36

[09:59] {_jfjf64} way to go champ

[09:59] {Threei} can I go home?

[09:59] {Les} 3 more like that please

[09:59] {_jfjf64} one more

[09:59] {_jfjf64} mk it 2

[10:00] {_jfjf64} strong dndn

[10:00] {Threei} (US) Pred Obama: Proposes $10B in additional fees on drug makers as part of Health Care reform

[10:01] {Threei} yup... that'll help lower prices

[10:01] {_jfjf64} enough with this guy

[10:01] {nemo} and raising personal income tax as well as penalty for not buying

[10:01] {_jfjf64} lol

[10:01] {Threei} Porposes medicare tax on unearned income

[10:01] {Les} not sure what sort of reform that is?

[10:01] {strider} The big O proposing medicare tax on unearned income.

[10:01] {Threei} beautiful

[10:01] {strider} beat me to it.

[10:01] {strider} they're taxing porpoises too?

[10:02] {strider} will they never stop?

[10:02] {Les} RIMM has nothing but air under it now

[10:05] {Threei} watching WFC for possible pullback entry

[10:07] {Threei} - Does not include public option

[10:07] {Threei} - Targeting expansion of health care to 31M further Americans; would force insurers to cover more young adults

[10:07] {Threei} - Would establish health insurance exchanges

[10:07] {Threei} - To end discrimination against pre-existing medical conditions

[10:07] {Threei} - Includes limits on health premium increases

[10:08] {fernp} MAS .75 breakdown, Vad?

[10:08] {Threei} not sure

[10:10] {fernp} ok. ty

[10:10] {nemo} indices down but fas up strong

[10:16] {nemo} huge bid rimm .31

[10:21] {Les} AIG

[10:22] {Les} pump my trash day hey?

[10:22] {Threei} no news

[10:23] {Les} DNDN back to original support

[10:24] {Threei} I think one more leg down before it become bounce candidate

[10:34] {fernp} PALM short if breaks .20, Vad?

[10:36] {Threei} I like it

[10:36] {fernp} ty

[10:36] {Threei} .25 for hard core scalpers, .30 for day trade

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.

[10:37] {Threei} - NASDAQ volume 490M shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.

[10:37] {Threei} - VIX index +4.3% to just under 21.00

[10:37] {fernp} ty, was writing the question... lol

[10:37] {Threei} :)

[10:38] {_jfjf64} y

[10:39] {Threei} strangely slow market

[10:40] {Threei} glad we got our first profit extracted early

[10:42] {Les} PM miners looking for a b/o. slw kgc auy

[10:42] {Les} not auy

[10:44] {fernp} any rean in ORCL, Vad? good breakout?

[10:44] {fernp} rean = read

[10:45] {Threei} want to be water-tirtured for hours?

[10:45] {fernp} nope

[10:45] {Threei} leave ORCL alone then :)

[10:45] {fernp} ok, i'll do

[10:45] {strider} AMZN nice reverse c&h

[10:47] {ese} L apwr .22

[10:48] {ese} blasted thing....wanted .19.....ruddy thing jumped up on me

[10:54] {Les} vad DNDN

[10:54] {Threei} almost ready... not quite yet

[10:55] {ese} you all thinkin of shorting dndn or going long

[10:56] {Threei} long for bounce scalp

[10:56] {Les} bounce play

[10:56] {ese} ok

[10:58] {ese} oh and by the way vadster!!! My spies tell me that you were in my neck of the woods .....YOU! didn't stop in........well I never. Was gorgeous day around here saturday for sure

[10:58] {Threei} hmmm... you have cameras around that area or what, lol

[10:59] {Threei} OK, hunt is on for DNDN

[10:59] {ese} lol.......my daughter was walking to the library along beach drive and she walked right by you

[10:59] {Threei} oops... haven't seen her

[10:59] {Threei} .75 brea

[10:59] {Threei} stop under .70

[11:00] {ese} in

[11:00] {nemo} damn

[11:00] {Les} nope

[11:00] {ese} .76

[11:00] {Threei} out .91

[11:00] {ese} out

[11:00] {Les} 200 ma .90

[11:00] {Threei} nice and easy

[11:01] {ese} .90 +.14.....tks vad

[11:01] {Threei} sure thing... accpet it as my apology for not saying hello to yor girl :)

[11:01] {ese} done

[11:02] {billyc} thanks

[11:02] {ese} not a problem......I can be bought

[11:02] {Threei} billy :)

[11:06] {ese} daaaa stopped apwr .14 -.08

[11:08] {ese} hmmmmm pullbacks me thinks are working better than breakouts still

[11:08] {_jfjf64} ty dndn

[11:09] {Threei} :)

[11:14] {Threei} keep an eye opn VXX

[11:14] {Threei} for possible sharp pullback under .10

[11:15] {Threei} shpuld be long around .05

[11:15] {_jfjf64} ii

[11:17] {Les} PM miners all went south. SLW or KGC lod b/d?

[11:19] {Threei} KGC I like the most

[11:21] {Threei} almost there, VXX... just a few more downticks please

[11:29] {Threei} .08 was the lowest point, and practically unobtainable

[11:29] {Threei} writing it off as one that got away

[11:32] {nemo} rimm broke lows

[11:52] {ese} amcs

[11:52] {Threei} never cease to amaze

[12:11] {_jfjf64} cmc any read vad

[12:11] {Threei} not really

[12:16] {Threei} wow... it's like market doesn't knoqw it's not a weekend anymore

[12:16] {_jfjf64} omx crazt

[12:25] {fernp} TOL breakdown, Vad?

[12:25] {fernp} 5c stop

[12:28] {strider} MIL

[12:29] {strider} whoa!

[12:29] {strider} Too dangerous for me...where's magoo?

[12:30] {fernp} MIL nice daily candle lol

[12:30] {Threei} hard to tell TOL

[12:30] {fernp} nah, forget TOL

[12:30] {Threei} MIL Reportedly Thermo Fisher is planning $6B bid; Millipore is said to have hired Goldman Sachs as advisor - unconfirmed report (79.52, +8.18, 11.47%) (related TMO )

[12:30] {nemo} slb been climing strong since 11:15

[12:31] {strider} Now that's euphoria.

[12:31] {nemo} wfmi vad

[12:31] {Threei} MIL Halted (99.53, +28.19, 39.52%)

[12:31] {Threei} hmmm?

[12:31] {Threei} I still see it trading

[12:31] {nemo} break of .80 looks interesting, but is lunchtime

[12:32] {fernp} not halted, here

[12:32] {Threei} WFMI... could be but don't count on much

[12:32] {nemo} lunchtime scalp

[12:33] {nemo} maybe

[12:33] {Threei} MIL Halted at NYSE on order imbalance (99.53, +28.19, 39.52%)

[12:33] {nemo} jeez...slb, if it clears .25 area soon, probably looking at .75

[12:33] {Threei} huh... it can be halted on NYSE but not on ECNs?

[12:34] {Threei} talk about market fragmentation

[12:35] {Threei} news still says "unconfirmed repoprt"

[12:35] {Threei} let's prepare short and wait for denial? {G}

[12:37] {Threei} WFMI, enough for a scalp

[12:39] {Threei} Preview: Treasury's $8B 30-year TIPS auction results due out just after 1PM ET

[12:39] {Threei} - Initial 30-year TIPS auction. The bid to cover ratio in the last 30-year TIPS auction in Oct of 2001 was 2.23. For reference January's 10-year TIPS auction saw a 2.65 bid to cover ratio.

[12:42] {fernp} LIFE also happy

[12:43] {ese} L drys .71

[12:44] {ese} well .715 to be exact

[12:55] {Threei} not bad WFMI

[13:01] {Threei} (US) Fed's Yellen: Fed is watching the possibility of assets bubbles developing - Q&A (related EUR/USD TLT SHY )

[13:03] {Threei} MIL Reported $6B bid by Thero includes debt - CNBC's Faber (90.15, +18.81, 26.37%)

[13:06] {Threei} MIL has been in the process of auctioning itself for some time, may be other potential bidders - CNBC's Faber

[13:11] {nemo} mmmhhh...vxx dropped wih spy, wouldna' thunk that

[13:11] {patience} .

[13:11] {nemo} fricking mos...was waiting at .05 to short it

[13:17] {Threei} MIL Thermo Fisher Spokesperson: Reportedly states that Millipore bid is a rumor (86.09, +14.75, 20.68%) (related TMO )

[13:17] {Threei} ugh

[13:18] {Threei} why couldn't he say it while we were at 100

[13:22] {nemo} aig new high

[13:33] {ese} i've gotta say....these have been some of the most boring markets these last 2 to 3 weeks

[13:34] {Threei} totally

[13:39] {Les} well if Twiggs is correct and correction is finished; good way to keep daytraders from climbing on

[13:39] {_jfjf64} this is killing me bored

[13:40] {_jfjf64} happy took money out early ty vad

[13:42] {Threei} AIG look sbreaky

[13:42] {Threei} who and wehy would have cared to keep day traders out Les?

[13:45] {Les} I don't care who are what, but the result is the same. gap up, no trades...

[13:45] {Threei} my point iis, it's not about day traders at all

[13:46] {Les} understood

[13:46] {Threei} anyone who is interested in this or that direction would see day traders as liquidity providrs with no net impact on direction

[13:46] {Threei} thus helping his cause

[13:47] {ese} zzzzzzzzzzzzzzzzzzzzzzzz snoorfffffff gaaaaazitttt..........ah hem.....zzzzzzzzzzzzzzzzzzzzzzzzzz

[13:47] {Threei} PCLN CEO: Would consider buying any online travel company, smaller companies in the sector would likely be acquired - conf comments (230.52, -0.05, -0.02%) (related EXPE OWW CTRP SOHU LONG )

[13:48] {nemo} lay on your side so you don't interrupt everybody with your snoring, ese

[13:49] {ese} just noticed saliva running out of the side of my mouth

[13:49] {nemo} happens at your age

[13:49] {ese} lol

[14:02] {ese} ok all......gotta go to a meeting......still long drys.......catch you tomorow.....although i may be able to log in closer to the end ot the trading day

[14:02] {ese} take care

[14:02] {Threei} take care ese

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 520M shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.

[14:07] {Threei} - NASDAQ volume 1.2B shares, about 11% below its three-month average; advancers and decliners are about even.

[14:07] {Threei} - VIX index +0.25% to just over 20.00

[14:08] {Threei} this must be a quiet before the storm

[14:10] {Les} what direction you working with right now? still down?

[14:10] {Threei} no direction at all

[14:11] {nemo} sounds like my nephew

[14:11] {Threei} this can resolve any way

[14:11] {Threei} look at VIX

[14:11] {Les} ok. calm before storm being volatility in either direction

[14:13] {Threei} this VIX drop is nolt tied to market direction, it's purely drop in volatility

[14:13] {nemo} rimm had a little kniption

[14:19] {nemo} tons of shares at .61 just wet by on slb, looks like offer is lifting

[14:31] {nemo} see this on the tips auction?

[14:31] {nemo} * Yield 2.229% vs. Exp. 2.195%, bond was trading at 2.164% just before 1 PM auction

[14:31] {nemo} * Bid To Cover 2.45 vs. Avg. 1.89 (Prev. 2.27)

[14:31] {nemo} * Indirects 42.40% vs. Avg. 45.28% (Prev. 47.45%)

[14:31] {nemo} * Indirect Hit Ratio of 88.05%

[14:31] {nemo} * Allotted at high 66.57% - large number on the margin

[14:31] {nemo} * Direct bidder take down 6.4%

[14:32] {nemo} first 30 year tips since 81

[14:32] {nemo} 01 sorry

[14:38] {Les} TM 73 b/d?

[14:38] {nemo} we're a tad short on volume today

[14:39] {Les} and?...

[14:39] {nemo} you're a sheila

[14:39] {Les} :P

[14:39] {Threei} yes les

[14:39] {Threei} just keep size smallish

[14:40] {Les} some big orders at 73

[14:40] {nemo} understatement

[14:40] {strider} I'm gone for the day guys. Had a really good morning...want to keep it. see you tomorrow.

[14:40] {Threei} take care strider

[14:40] {Les} ciao

[14:41] {strider} :)

[14:41] {Threei} AIG broke

[14:41] {Threei} this I enjot:

[14:41] {Threei} enoy

[14:41] {Threei} ECB's Bini-Smaghi: the Euro is solid and has protected member states from the financial crisis (update) (related EUR/USD EUR/CHF EUR/JPY )

[14:41] {Threei} uhhu

[14:41] {nemo} aig has been bouncing off a trend line since noon

[14:42] {Threei} whewe is dino

[14:42] {nemo} with magoo

[14:42] {Threei} this is totally fromn the "we don't need any more capital" category

[14:44] {Threei} Germany to Bini-Smaghi: Hello? who exactly protected whom?

[14:50] {Threei} (GR) IMF spokesperson says IMF staff is in Greece this week at the request of the govt

[14:50] {Threei} vacation I am sure

[15:01] {Threei} been quite a while since we had so boring day

[15:02] {Les} just read today of another movie I need to see

[15:02] {Les} hurt locker

[15:02] {Les} anyone seen it?

[15:02] {_jfjf64} shhoot me

[15:02] {Les} no jf, "hurt locker"

[15:05] {_jfjf64} lol

[15:07] {Les} no one seen it? here I thought we were film aficionados...

[15:07] {nemo} I'll download it tonight

[15:07] {Les} kicked Avatar's butt in British film awards.

[15:07] {nemo} BFD

[15:07] {_jfjf64} yup nemo

[15:08] {nemo} bloody poms

[15:08] {Les} lol, looking up ticker BFD haha

[15:08] {Les} I'm wet behind the ears

[15:08] {nemo} kinda' my fault

[15:08] {_jfjf64} hurt locker

[15:08] {Les} funny in that its james camerson's ex-wife who beat the man at the award ceremony

[15:09] {nemo} one of them

[15:11] {_jfjf64} good night all got to get out of here before i do somethin stupid takin my profits and runnin

[15:11] {Les} ciao

[15:12] {nemo} ciao bene

[15:12] {Threei} take care jf

[15:13] {patience} .

[15:13] {nemo} fas breaking highs

[15:17] {Les} slw

[15:17] {Les} wrong screne

[15:22] {nemo} fas mind of it's own

[15:33] {Threei} (CA) Canada govt official: Canada's economy remains fragile, Canada will not change course on stimulus spending

[15:33] {Threei} - Canada budget includes plan to cut deficit.

[15:33] {Threei} - Not looking to raise taxes in order to cut deficit.

[15:34] {Threei} Market Internals update at 3:30pmET

[15:34] {Threei} - NYSE volume 675M shares, about 15% below its three-month average; advancers lead decliners by 1.1:1.

[15:34] {Threei} - NASDAQ volume 1.55B shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.

[15:34] {Threei} - VIX index +0.25% to just over 20.00

[15:44] {Threei} kik, in lasar 5 min SPY covered more than half of dauly range

[15:45] {nemo} ?

[15:45] {nemo} you mean last 5 minutes

[15:45] {Threei} sheesh, what's with this frikin keyboard

[15:45] {nemo} tovarich

[15:45] {nemo} your frikin fingers

[15:45] {Threei} I need to change it, something aboput layout here is horribly wrong

[15:46] {Threei} previous one was way easier to tyope without looking at each key

[15:46] {Threei} that "kik" was supposed to be lol

[15:46] {nemo} lol

[15:47] {Threei} keys moved a bit closer, and my fingers hit next ones

[15:53] {nemo} slb almost 85m shares today

[15:55] {Threei} I'd have hard time remembering a day when I made just twqo calls

[15:56] {Threei} I don't think it happened ever

[15:57] {Threei} have a good evening guys, see you tomorrow

[15:57] {billyc} gn all thanks for the calls good day

[15:57] {Les} ciao

[15:57] {nemo} c ya