Mon Mar 01 2010

The day started with two rinses, on VVUS and AIG. Then very nice string of ARBA long for 20 cents, FCX long for 40 cents, VXX short, TM short and AIG long took us solidly in black. Couple calls after that were made discretionary (with strong odds of being rinsed, only for those who really wanted then), and both did get rinsed for 5 and 10 cents. Pattern of profits being concentrated in the first hour or two, with market frozen after that continues.

Session Time: Mon Mar 01 00:00:00 2010

[08:22] {Threei} 07:05 VVUS FDA accepts Qnexa NDA (obesity) for review

[08:23] {Threei} The target date for the FDA to complete its review of the Qnexa NDA is October 28, 2010. In previously announced pivotal phase 3 trials, patients treated with all three doses of Qnexa achieved significant weight loss compared to placebo, and significant dose-related improvements in a variety of secondary endpoints including reductions in cardiovascular, inflammatory and metabolic risk factors.

[08:23] {Threei} 05:10 AIG Prudential (UK) to acquire AIA for $35.5B in cash and equity (confirms speculation, pricing as expected); pre-releases FY09 figures

[08:23] {Threei}

[08:28] {Threei} USD/CHF Invest Warren Buffett: Would pick the CHF if forced to choose a currency to invest in - CNBC

[08:28] {Threei} why do I fiond it hard to believe

[08:29] {Threei} SQNM Hapoalim Securities Raised SQNM to Hold from Sell

[08:31] {Threei} *(US) JAN PERSONAL INCOME 0.1% V 0.4%E; PERSONAL SPENDING: 0.5% V 0.4%E

[08:31] {Threei} - Prior Personal Income revised lower from 0.4% to 0.3%

[08:31] {Threei} - Prior Personal Spending revised higher from 0.2% to 0.3%

[08:37] {ese} morning

[08:38] {Threei} ese :)

[08:38] {nemo} dude

[08:38] {ese} dude

[08:39] {nemo} mmmhhhh...spy setting resistance

[08:45] {Threei} Fed's Lacker: US must establish boundaries within the financial safety net; creating a fund for failing firms would be the wrong direction

[08:45] {Threei} no kidding

[08:56] {Threei} watching VVUS pullback

[08:58] {Threei} haven't traded below .70 today yet, and big bid .75

[08:58] {Les} well Warren Buffet has good taste in currencies

[08:58] {Les} morning :)

06[08:58] * nemo slaps Les around a bit with a large trout

[08:59] {Threei} Les :)

[08:59] {Threei} that line by him stinks to high heaven

[09:00] {Les} sun sun sun and 50 something degrees outside. Started the springtime gardening

[09:01] {Threei} that was our average for the whole wonter

[09:02] {ese} i must be blind....just noticed osip....+18and change

[09:02] {Threei} buyout

[09:03] {Threei} 01 Mar 2010 06:13 [OSIP] Astellas Pharma offers $52/shr (40% premium); All cash deal valued at $3.5B (update

[09:03] {Threei} not sure why it trades above offer

[09:06] {fernp} Good morning everybody

[09:06] {Threei} fern :)

[09:06] {Les} hey fern

[09:07] {_jfjf64} mornin

[09:07] {Threei} jf :)

[09:08] {_jfjf64} missed ya yest sorry

[09:08] {Threei} I ducked

[09:08] {_jfjf64} lol

[09:09] {_jfjf64} aig 28.40 set up ya lk

[09:09] {Threei} up way too much

[09:09] {_jfjf64} ty k

[09:09] {Threei} it will be volatile

[09:10] {Les} wow NUVA

[09:10] {Threei} let's wait out first minutes when it's going to be supervolatile

[09:10] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {_jfjf64} ya da boss

[09:11] {Les} I got screwed by 10 cents trying to short NUVA towards the end. Then it hit me I should have gone long for small shares over weekend.

[09:11] {Threei} NUVA was hatled after close on Fri

[09:11] {Les} why?

[09:11] {Threei} NuVasive Inc United Health adjusts Policy on XLIF

[09:11] {Threei} - Note: AET also announced a reversal in policy earlier

[09:11] {Threei} - United Healthcare changed its lumbar spinal fusion policy to include coverage for the eXtreme Lateral Interbody Fusion, or XLIF procedure, published on February 26, 2010, a reversal from its previous policy that labeled XLIF as unproven.

[09:11] {Threei} - The updated policy removes XLIF from the list of unproven spinal fusion techniques and adds coding clarification in line with the North American Spine Society (NASS) recommendation letter dated January 5, 2010.

[09:12] {Les} but that wouldn't affect a long holding over weekend though?

[09:12] {dino} pound sterling hit 2%

[09:12] {Threei} what do you mean wouldn't affect?

[09:12] {Threei} it was unexpected new, causing halt

[09:12] {Les} If I was long 100 shares at close

[09:13] {Threei} how do you know that news was coming, what kind of news that was and how it would impact the price?

[09:13] {Threei} why would you?

[09:13] {Threei} was there any kind of setup?

[09:14] {Threei} stock was up frikin 10 bucks

[09:14] {Threei} is this really something you want to take homw?

[09:14] {Les} for a quick date over the weekend? maybe

[09:14] {Threei} get caught in halt, run into negative news and found yourself down 5 dollars Monday morning?

[09:14] {Les} to meet my mama, thats something else

[09:15] {Threei} good luck with that strategy

[09:15] {Les} hmm well when you put it like that

[09:15] {dino} snda, hbc, osip,

[09:15] {Threei} just don't tell anyone this is anything I teach

[09:16] {Threei} FDA to convene Tobacco advisory committee meeting March 30 and 31

[09:16] {Threei} - to discuss health effects of menthol in cigarettes

[09:16] {Threei} menthol has any health effect?

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:22] {_jfjf64} vad real quick is there way to set up an alert for ya calls

[09:22] {dino} fnm needs another 15 b, thanks barney

[09:22] {Threei} in mirc, yes

[09:22] {Threei} in mibbit, no idea

[09:23] {_jfjf64} whats mirc

[09:23] {Threei} yeah dino... bottomless pit

[09:23] {Threei} software to connect the room

[09:23] {Threei} http://www.realitytrader.com/tradingroom/

[09:23] {_jfjf64} im in mibbit no prob

[09:24] {Threei} scroll down to indtructions

[09:24] {Les} any news on GAME vad?

[09:24] {Threei} there are two ways listed

[09:24] {Threei} yes

[09:24] {dino} yes les hit targets

[09:24] {dino} snda beat, owns game i think drops too

[09:24] {Les} snda, of course

[09:24] {Threei} Shanda Games Limited Reports Q4 $0.22 (adj) v $0.20e, R$196M v $195Me; To buy back up to $150M in stock (about 5% of market cap)

[09:24] {Threei} Shanda Games Limited Guides Q1 Rev down 10-15% q/q (implies R$166.6-176M v $208Me)

[09:25] {Threei} bad guidance dino

[09:25] {dino} i trade snda alot, big moves always

[09:26] {dino} ty vad, mossed that

[09:26] {dino} snda would not surprise me if goes to 40

[09:28] {billyc} gm everyonr

[09:28] {Threei} billy :)

[09:28] {strider} morning folks.

[09:28] {billyc} vad

[09:28] {Threei} strider :)

[09:28] {strider} :)

[09:29] {ese} ahhhhhhh what do you say in the army..."theres no life like it" just got out of the brand new hot tub....am relxed for the mrkt now!

[09:29] {Threei} lol

[09:29] {larisa} gm :)

[09:29] {Threei} larisa :)

[09:29] {dino} nice es, still waiting for mine

[09:29] {Threei} GS Goldman Sachs board rejects shareholders request for say on pay - CNBC (156.35, 0.00, 0.00%)

[09:30] {ese} man dino.........just wait baby......you'll be trading from it

[09:30] {Threei} let's see in VVUS form breakput

[09:30] {dino} lol

[09:30] {Threei} Long Setup: VVUS .80 break

[09:30] {Threei} if stays above .70

[09:31] {Threei} Long Setup: AIG .80 half lot

[09:31] {Threei} stop under .60

[09:32] {Threei} not this time AIG

[09:32] {ese} L jnpr .00

[09:33] {ese} out 1/2 avg .09

[09:34] {ese} break even remainder

[09:34] {Threei} no worky VVUS

[09:35] {_jfjf64} sndk

[09:35] {fernp} stopped VVUS

[09:35] {nemo} rinsed

[09:36] {Threei} Short Setup: FCX .50 break half lot

[09:36] {ese} out remainder .13

[09:37] {nemo} invalidated

[09:40] {dino} athn sm l .00

[09:40] {dino} out vvus .93, +.12 ty vad

[09:41] {Threei} nice dino

[09:41] {Threei} rinsed me

[09:41] {dino} yeah, close for me too

[09:42] {billyc} out vvus + .12

[09:42] {nemo} guess not holding your stops paid off

[09:42] {dino} my nose bleeding?

[09:43] {dino} cov fcx .37, +.12 ty vad

[09:44] {Threei} in scalping mood this morning eh?

[09:44] {Threei} FFIV... probably your client soon, dino

[09:44] {dino} bought some r.e., need to get average up, so using you for early trades. tweeking it

[09:45] {nemo} guess early morning stops need to be wider

[09:45] {Threei} ASIA

[09:46] {dino} snda lod

[09:46] {Threei} let's see if we get pullback in .40 or so

[09:46] {ese} out brcm .80

[09:46] {ese} thats my little 500shs lot from last thursday

[09:46] {Threei} FCX slow death

[09:47] {Threei} Long Setup: RJET .40 break

[09:47] {Threei} if stays above .30

[09:47] {dino} out athn, 74, +.74

[09:47] {Threei} wow

[09:48] {dino} lucky s[ike was laying out

[09:48] {dino} kept going tho

[09:48] {Les} incredible dino. I saw overhead resistance. skipped it

[09:48] {Threei} US) Preview: Feb ISM Manufacturing due out at 10:00ET

[09:48] {Threei} - ISM Manufacturing: 57.9e v 58.4 prior (estimates range between 55.0 to 60.7).

[09:49] {dino} lucky les, thats all

[09:49] {Les} always

[09:49] {Les} MELI 42 break?

[09:50] {Threei} if you don't mind very bulymic stock

[09:50] {Threei} even half lot is scary on it

[09:50] {Les} you mean she's slim and great looking?

[09:51] {Threei} slim yes

[09:51] {_jfjf64} sndk monster

[09:51] {Threei} RJET invalidated

[09:51] {Les} what do you make of GAME dino?

[09:52] {Threei} no pullback ASIA...

[09:52] {dino} prefer snda over it

[09:52] {Les} ok

[09:52] {dino} snda feels hi 39s

[09:53] {Threei} Long Setup: DRIV .60 break

[09:53] {dino} les, trust your gut, i am wrong lots

[09:53] {Threei} if stays above .50

[09:54] {dino} but game, if it gets 6.50s i will look

[09:54] {Les} my gut says its time for a beer

[09:54] {dino} lol

[09:54] {nemo} hands shakin' Les?

[09:54] {Threei} your gut is good 10 hours ahead of us

[09:54] {dino} first day i feel ok in last 5, had heck of a cold

[09:55] {dino} watching athn again

[09:56] {Threei} Long Setup: ARBA .20 break

[09:56] {dino} pwrd bloody

[09:56] {Threei} scalpers - if holding abpve .10, day traders above 12,

[09:57] {Threei} and has potential for a bigger move if market helps just a tad

[09:57] {dino} arba a pulp stock?

[09:57] {Threei} sometimes

[09:57] {dino} ty

[09:58] {Threei} most days it's quiet

[09:58] {Threei} but now and then it gets possessed

[09:58] {Threei} and moves like a freight train

[09:58] {dino} is that the same arba from go go 90s

[09:58] {Threei} daily's nice

[09:58] {Threei} yes, same and only

[09:59] {dino} ahhh

[09:59] {Threei} onwew of "has beens" :)

[09:59] {Threei} one

[10:00] {dino} mkt drops

[10:00] {dino} all red

[10:00] {Threei} *(US) FEB ISM MANUFACTURING INDEX: 56.5 V 57.9E

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

[10:00] {Threei} PRICES PAID: 67 V 68.0 PRIOR

[10:00] {nemo} missed arba

[10:00] {dino} wow missed snda

[10:01] {nemo} didn't give much warning dino

[10:01] {nemo} markets bounced right back

[10:01] {dino} no and i was at 39.88

[10:02] {dino} deck animal again

[10:02] {Threei} FCX

[10:02] {Threei} probably ready to revers\e

[10:03] {Threei} looking for double bottom

[10:03] {dino} 75.16 gap fwiw

[10:03] {nemo} maybe not vad...this jump in fcx was on chile

[10:03] {Threei} no doubt

[10:04] {nemo} aig testing support

[10:04] {Threei} but pulled back significantly

[10:04] {Threei} should become just your normal traders toy

[10:04] {Threei} .90 break long

[10:04] {Threei} half lot of course

[10:04] {Threei} dtop under .70

[10:04] {Threei} stop too

[10:05] {dino} ok

[10:06] {Threei} 1:1

[10:06] {dino} mos sm l .50

[10:06] {Threei} 1:2 close

[10:06] {Threei} here

[10:06] {Threei} out

[10:06] {Les} nice one. got the trade mixed up with AIG. belt up Nemo :)

[10:06] {Threei} ARBA 1:1

[10:06] {dino} out fcx .30, +.39 ty vad

[10:07] {Threei} welcome sir

[10:07] {dino} you da man today

[10:07] {Threei} only if you sit out morning rinse

[10:07] {Threei} which you did

[10:08] {Threei} I am just getting back in black

[10:08] {_jfjf64} lets go papa

[10:09] {dino} athn sm l .50

[10:09] {Threei} scalpers take ARBA profot, day traders half out

[10:10] {Threei} stop to under b/e

[10:10] {_jfjf64} ty

[10:10] {dino} missed arba

[10:10] {Threei} and aim for around .40 - .50 for second half

[10:12] {Threei} crap

[10:12] {Threei} ASIA pulled back right where I wanted it, to .40

[10:13] {Threei} not enough eyes

[10:14] {dino} change your name to 4 eyes

[10:14] {dino} you take meli les?

[10:14] {Threei} I look like mutant as it is

[10:15] {Les} crap. forgot about it. Not enough memory

[10:15] {_jfjf64} sndk .70 vad

[10:15] {_jfjf64} or wait pullbk

[10:15] {Threei} can't tell jf, sorry

[10:16] {_jfjf64} good enough me ty

[10:16] {Les} XNPT on its way down

[10:16] {Threei} EVVV Canaccord Adams adds to their Best Idea list (timing uncertain)

[10:16] {Threei} - EVVV rated Buy (14.96, +0.41, 2.82%)

[10:18] {strider} KO may be bottoming.

[10:19] {Threei} Long Setup: VXX on pullback to .60

[10:20] {_jfjf64} missed

[10:20] {_jfjf64} grrrrrr

[10:20] {Les} long SNDA 42

[10:21] {Les} long TBT .37

[10:21] {dino} out athn .81, +.31

[10:24] {dino} .20 area support imo

[10:25] {Threei} VXX never pulled back

[10:25] {Threei} oh well

[10:26] {dino} ? you play inverse that on mkt turns?

[10:27] {Threei} generally, yes

[10:27] {dino} thought so

[10:27] {Les} stopped tbt

[10:30] {Les} BXS 20 break?

[10:30] {dino} imo y for scalp

[10:30] {Threei} I think so

[10:31] {ese} damn...nice one athn dino......tossed that one around and didn't do it...gj

[10:31] {dino} thx

[10:31] {Threei} big offers at 20 deserve a try if taken

[10:31] {dino} bxs wait for .01 trig imo

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

[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 4.9:1.

[10:32] {Threei} - NASDAQ volume 580M shares, about 15% above its three-month average; advancers lead decliners by 3.1:1.

[10:32] {Threei} - VIX index flat at just over 19.50

[10:32] {Les} SNDA stopped

[10:34] {dino} out mos -.10

[10:34] {_jfjf64} wow only hour in

[10:35] {Threei} I think by now you all know who is on TV so I won't ask

[10:35] {nemo} Evangelina Lilly

[10:35] {Threei} Larisa won't get mad at me too, additional benefit

[10:36] {dino} dagny taggart

[10:36] {Threei} wow, lol

[10:36] {Threei} that's a bew one

[10:36] {Threei} new too

[10:36] {dino} i picture her as a very atractive, confident lady

[10:37] {dino} sort of like patience and larisa

[10:37] {Threei} dagny? or larisa?

[10:38] {fernp} LEAP, Vad?

[10:38] {Threei} Short Setup: VXX .90 break half lot

[10:38] {Threei} if stays under 26

[10:38] {Les} WFMI .11 break?

[10:39] {Threei} LEAP, won't be fast but certainly deserves a try

[10:39] {fernp} ty

[10:39] {Threei} I like it Les

[10:39] {dino} vxx

[10:40] {nemo} fcx .60 break? stop a little big though

[10:40] {Threei} yes

[10:41] {Threei} stop is of concern, so I'd try it different way

[10:41] {Threei} pullback closer to .50

[10:41] {ese} L uaua .05

[10:41] {nemo} you talkin' ta me?

[10:41] {Threei} yes

[10:42] {nemo} what line that from Les?

[10:43] {Les} I've said that many times, but can no longer remember its origin

[10:43] {dino} willis

[10:43] {Threei} VXX 1:1

[10:43] {nemo} Travis Bickle=Robert DeNiro

[10:43] {Les} taxi driver

[10:43] {fernp} ty vad

[10:43] {Les} never watched that one in full

[10:43] {Threei} WFMI 1:1

[10:43] {Threei} smelled market reversal

[10:43] {ese} out uaua .12 +.07

[10:44] {Threei} wtg ese

[10:44] {dino} gj

[10:46] {nemo} .70 break fcx stop under .60?

[10:46] {_jfjf64} tna vad

[10:47] {Threei} needs strong market support nemo

[10:47] {dino} athn

[10:47] {Threei} I doubt it will happen

[10:47] {Threei} likely to be a trap

[10:47] {nemo} looking more like that

[10:47] {Threei} TNA...

[10:48] {nemo} big offer fcx at .70

[10:48] {Threei} toughie jf

[10:48] {Threei} most likely long, but not an easy play

[10:49] {Threei} market jumped for some reason

[10:49] {Threei} pushed FCX

[10:49] {Threei} notice, VXX didn't drop with it

[10:50] {_jfjf64} why

[10:50] {dino} athn sm l .25

[10:50] {ese} L brcm .81

[10:50] {Threei} no idea jf

[10:50] {Threei} just observing to keep it in mind for the future plays

[10:51] {nemo} qs new highs

[10:51] {nemo} solid volume

[10:52] {Les} SNDA

[10:52] {_jfjf64} sndk

[10:53] {Threei} Long Setup: AIG .40 break

[10:53] {ese} out brcm .87 +.06

[10:53] {dino} vxx bstop to flat

[10:55] {Threei} stop under .30 AIG

[10:58] {dino} cov vxx .80, +.10

[11:02] {Les} OSIP

[11:03] {Les} NVDA .70 BREAK?

[11:03] {Threei} I doybt it

[11:03] {Les} .71 break

[11:03] {dino} hbc new lows

[11:05] {Threei} ARBA hit second target

[11:08] {nemo} volumes still strong.

[11:11] {Threei} VXX more downside... without me though

[11:11] {Threei} same for ARBA

[11:11] {Threei} nailed market reversal to the minute... underestimated the strength though

[11:11] {nemo} yeah, fcx woulda' been a nice one

[11:11] {Threei} very

[11:12] {nemo} might have a dt around .40

[11:12] {dino} good timing

[11:14] {dino} out athn .71, +.46

[11:14] {ese} that .40 brea aig still good

[11:14] {ese} break

[11:16] {Threei} nah

[11:16] {ese} tks

[11:16] {Threei} pullback to .20, yes, I'd be a buyer

[11:16] {nemo} got support at .25

[11:19] {ese} am lookin for that pull back too vad

[11:20] {Threei} doesn't want to

[11:20] {ese} nope

[11:20] {_jfjf64} nope

[11:20] {Threei} ANTH IPO opens for trading at $7.00 (7.10, 0.00, 0.00%)

[11:22] {_jfjf64} aig gonna pay us patience

[11:25] {ese} i think it should pullback to at least .40....that looks like a good buy point to me

[11:25] {_jfjf64} look at ya vxx pullbk

[11:25] {_jfjf64} missed it

[11:27] {fernp} F is happy today

[11:28] {fernp} and TM is not very happy :-)

[11:28] {nemo} fcx going for resistance again

[11:30] {dino} snda sm l .02

[11:35] {_jfjf64} c/h aig

[11:36] {nemo} if fcx breaks resistance likely to test the highs

[11:36] {Threei} Short Setup: TM .60 break half lot

[11:38] {nemo} stop .80?

[11:38] {Threei} .75 if sets up from here

[11:39] {dino} snda stop is .69 fwiw

[11:40] {_jfjf64} aig breakin dn

[11:40] {dino} stopped

[11:41] {Threei} market feels like reversing to the downside

[11:41] {Threei} unless it's a headfake

[11:41] {Threei} can't twell for now

[11:41] {Threei} tell

[11:42] {Threei} volume is not really indicative

[11:42] {Threei} shaped for a breakout first, then for breakdown, all within 30 min

[11:43] {dino} gut says drop coming

[11:43] {nemo} lunch coming

[11:43] {dino} that too

[11:43] {Threei} mine too

[11:43] {Threei} drop I mean, not lunch

[11:43] {Threei} good buy TM

[11:44] {Threei} lose .50 and dies

[11:44] {dino} vxx l .85

[11:44] {Threei} die

[11:47] {_jfjf64} aig

[11:49] {Threei} TM 1:1

[11:49] {Threei} scalpers be happy

[11:49] {Threei} the rest cover half

[11:49] {fernp} ty Vad

[11:49] {Threei} welcome

[11:50] {Threei} shapes up as a good day, despite morning rinse job

[11:53] {dino} vxx stopped -.11

[11:53] {dino} taking break

[11:56] {Threei} Obama Owes Harper 24-pack of Molson for Hockey Win

[11:56] {dino} thought it was yeugling

[11:59] {Threei} I guess patrotism makes Harper pick Molson

[11:59] {Threei} even though it's second to last beer I'd elect

[12:00] {Threei} (US) White House: To announce nominee to replace Fed's Kohn by the end of June

[12:00] {Threei} ***Note that earlier in the session, Fed Vice Chair Kohn said he would resign from Board of Governors when term ends, effective June 23. Kohn became a board member in 2002. Kohn's retirement will leave three open seats on the Fed's board.

[12:00] {Threei} 3 eh

[12:00] {Threei} people don't want to be Fed governiors anymore?

[12:01] {dino} snda rinsed

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

[12:02] {Threei} - NYSE volume 385M shares, about 9% below its three-month average; advancers lead decliners by 5.3:1.

[12:02] {Threei} - NASDAQ volume 1.1B shares, about 17% above its three-month average; advancers lead decliners by 2.6:1.

[12:02] {Threei} - VIX index -0.75% at just over 19.00

[12:05] {dino} pwrd sm l .70

[12:08] {nemo} so market basically tracked sideways to the trend line instead of pulling back

[12:08] {Threei} Russian President Urges Sport Officials to Step Down

[12:09] {nemo} mmmhhhh....I see a wall in his future

[12:09] {Threei} reversal was short lived

[12:10] {Threei} enough to help TM hit 1:1, that's it

[12:10] {Threei} but I find it difficult to determine whether we break out from here or reverse

[12:10] {nemo} lunch time

[12:10] {Threei} most likely, we stay locked here, with headfakes in both directions

[12:10] {Threei} got for a break eitger way, get trapped

[12:11] {Threei} that's my working scenario

[12:11] {nemo} have to catch pullbacks in the range

[12:11] {Threei} right

[12:11] {Threei} fade fale breakouts is the only strategy I'd try here

[12:11] {Threei} fake

[12:11] {nemo} ?

[12:11] {nemo} you mean fade failed breakouts?

[12:12] {Threei} fade fake

[12:12] {nemo} fade fake breakouts

[12:12] {Threei} right

[12:12] {nemo} oh...so fading a failed fake breakout is actually taking the break?

[12:12] {Threei} yes

[12:12] {Threei} which is not what I call for

[12:12] {nemo} might wnat to short fcx here then

[12:13] {nemo} I feel like the little guy in the princess bride trying to figure out if the drink is poisoned

[12:15] {dino} lol

[12:15] {nemo} see that movie Les?

[12:22] {Threei} one stock that irritaes me for a week straight... EAVX

[12:22] {Threei} WAVX

[12:23] {dino} pretty good move on it

[12:23] {Threei} ever since it broke 3...

[12:23] {Threei} day after day, can't find an entry on it

[12:25] {nemo} Think the market legs up again after lunch?

[12:26] {Threei} anyone's guess

[12:34] {Threei} keep an eye on AIG for bounce scalp

[12:35] {_jfjf64} on it

[12:35] {Threei} .35 long

[12:35] {nemo} x

[12:35] {Threei} just a scalp

[12:36] {Threei} exit above .40

[12:38] {nemo} whaddya think about rimm bounce?

[12:39] {Threei} starting liking X for a break...

[12:39] {Threei} RIMM, yes, just a little xconsolidation

[12:40] {nemo} only thing about X is R3 pivot resistance is at .59

[12:45] {Les} what are we in Vad?

[12:46] {Threei} everything is discretionary at this point

[12:46] {dino} bowl of soup

[12:46] {Threei} I personally am in AIG

[12:46] {Les} .35?

[12:46] {Threei} yes

[12:47] {Les} dino, you looking at anything?

[12:47] {Threei} dino} yes - bowl of soup

[12:47] {Les} sorry, forgot its lunch time

[12:48] {dino} in pwrd at .70 sm l

[12:48] {dino} want .10

[12:54] {nemo} aig holding well in this pullback

[12:56] {Threei} the biggest challenge is not to fall asleep... not to break the keyboard with my chin... not to break the chin with desk...

[12:56] {nemo} not to break the floor with your head

[12:58] {Threei} fiiiinally

[12:58] {Threei} out

[12:59] {Threei} took its sweet time but reinforced the profit

[13:03] {_jfjf64} vad vxx

[13:04] {Threei} I sewe no play there jf

[13:05] {Threei} you did AIG?

[13:05] {_jfjf64} y

[13:05] {Threei} out already?

[13:05] {Les} out .45 +.10 AIG thank you

[13:05] {Threei} :)

[13:06] {dino} scok

[13:06] {Threei} no way

[13:06] {dino} wide

[13:06] {Threei} 70 cents spread

[13:06] {Threei} that's too much even for you

[13:07] {dino} rose

[13:07] {dino} pwrd .96 has been wall

[13:10] {dino} bxs thinking range play, .80 to .90s

[13:13] {Threei} wow AIG

[13:16] {dino} just think if they sell off everything they would trade at 100 i guess

[13:18] {Threei} hehe

[13:19] {ese} well i gotta go....see you tomorrow

[13:20] {_jfjf64} see ya

[13:20] {Threei} take care ese

[13:21] {dino} cya

[13:24] {dino} mdvn

[13:26] {Threei} NYT Hearing chatter of possible going-private transaction

[13:26] {Threei} - Hearing offer in $18-20/shr range (11.31, +0.37, 3.38%)

[13:29] {Threei} nice move

[13:29] {Threei} momo

[13:35] {nemo} what's with amzn today?

[13:37] {_jfjf64} anythin on ya rader

[13:37] {Threei} BRK.B

[13:46] {Les} BXS stuck at 20

[13:48] {Threei} BRK.B is momo-looking

[13:48] {nemo} A warren buffet momo stock...have a hard time getting my head around that

[13:48] {Les} He's playing the Wall St. game...

[13:49] {Les} s SNDA .99

[13:49] {_jfjf64} and what is that les

[13:49] {_jfjf64} lol

[13:50] {Les} oh piss off jf, one Vad in this room is enough

[13:50] {Les} :)

[13:50] {Threei} enough? I thought too much {G}

[13:50] {_jfjf64} lol

[13:50] {nemo} x at highs

[13:51] {_jfjf64} comon vad need lk a 20 cent move my friend

[13:51] {Threei} I see plenty of those

[13:51] {Threei} problem is, you want one in your favor...

[13:52] {_jfjf64} yes

[13:52] {nemo} x broke

[13:52] {Threei} BRK.B is likely to bounce of .55 roughly

[13:53] {Threei} X, .40 - .45 is zone of interest

[13:54] {_jfjf64} on puulbk of course

[13:54] {Threei} let's watcyh as they pull back, I'll try to alert

[13:54] {Threei} ACAS Discloses not in compliance with certain convenants of unsecured debt obligations - annual filing (4.17, -0.13, -3.02%)

[13:56] {Threei} "public accounting firm concluded in its report dated March 1, 2010 regarding those consolidated financial statements, that there is substantial doubt about our ability to continue as a going concern as a result of not being in compliance with certain covenants under our Unsecured Debt Obligations and receiving event of default notices from the holders of such obligations and being below the 200% asset coverage ratio under the 1940 Act, which impacts our ability to issue new debt. Our consolidated financial statements do not include any adjustments to reflect the possible future effects on the recovery and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. "

[13:57] {Threei} substantial doubt about our ability to continue as a going concern

[13:57] {Threei} why is it not couple bucks lower still?

[13:57] {Les} was gonna say. only 10%

[13:57] {Les} no blood yet

[13:58] {Threei} seriously... what do I miss?

[13:58] {Threei} just news hasn't disseminated widely enough yet?

[13:58] {Les} well I ain't gonna reply. I know you or jf will give me an ear full

[13:58] {Threei} we will even if you don't rweply

[13:59] {Threei} this looks like short to me

[13:59] {dino} here it goes

[13:59] {_jfjf64} ???

[13:59] {Threei} TM Reported informs US dealers about a possible oil hose leak on nearly 1M (73.23, -1.60, -2.14%)

[14:00] {Threei} oh boy... this will never end

[14:00] {Les} s ACAS .14. stop .21

[14:01] {Les} half out .05

[14:02] {Threei} should lose 4 now

[14:02] {Les} aaaaah yeh

[14:02] {dino} gj les

[14:02] {_jfjf64} piss off les

[14:02] {dino} acas, is that the one einhorn wrote about?

[14:02] {_jfjf64} lol

[14:03] {_jfjf64} gj

[14:03] {Les} :D

[14:04] {Threei} seriously strange one

[14:04] {dino} seriously, should have dropped to 2

[14:04] {Threei} exarly

[14:04] {Les} yes am surprised

[14:04] {Threei} this kind of news looks quite straightforward

[14:05] {_jfjf64} exarly

[14:05] {Threei} doesn't lewave much room for playing around

[14:05] {strider} It will drop.....I've watched it for years.

[14:05] {Threei} it's a "get out NOW" call

[14:05] {strider} Thanks for the heads up, by the way. I was long 1k in another account.

[14:05] {dino} s .00

[14:05] {Threei} always

[14:06] {_jfjf64} watch x

[14:07] {Les} you were long ACAS strider?

[14:07] {strider} yes.

[14:10] {Les} out -.03 SNDA. looking at it long if it continues to hold here

[14:12] {Les} out flat ACAS.

[14:12] {Les} 2nd half

[14:13] {nemo} brk.b breaking

[14:14] {dino} stopped acas

[14:15] {strider} According to my -shem--stock broker at WF, the statement by the acctng firm is one they pretty much have to make....it doesn't mean the end of the world.

[14:16] {strider} ahem

[14:18] {Threei} NYT Carlos Slim denying interest in possible going private transaction - CNBC

[14:18] {Threei} - NYT: We do not comment on market rumors (11.42, +0.48, 4.39%)

[14:19] {Threei} substantial doubt about our ability to continue as a going concern as a result of not being in compliance with certain covenants under our Unsecured Debt Obligations

[14:19] {Threei} doesn't sound to me like anything "ordinary"

[14:20] {strider} No, it's not. But they've been in this situation for more than a year.

[14:20] {Threei} ok... so stock will drop only when doubt materializes, so there is no more doubt :)

[14:22] {strider} So., all of a sudden you're a believer in a rational market? :)

[14:22] {Threei} crao... I knew something was horribly wqrong with me today

[14:23] {dino} definitely not standard issue

[14:24] {strider} Well, at least you haven't been stung by a spelling bee.

[14:24] {dino} sm l swm .11

[14:24] {Threei} oh, those die in my proximity

[14:24] {Threei} 3 yards arund me is a death zone for them

[14:27] {dino} athn

[14:29] {Threei} Freescale Semiconductor requests ITC investigation into Integrated Circuits, Chipsets, and Products Containing Same Including Televisions, Media Players and Cameras

[14:31] {dino} athn sm l .80

[14:35] {_jfjf64} vad x .50 break ya lk

[14:38] {Threei} only if market jumps

[14:38] {Threei} don't wasnt to buy break into market retreat

[14:38] {nemo} dow and s&p volumes have dropped off

[14:38] {Threei} too big chance of a trap

[14:38] {nemo} especially because it climbed so much today already

[14:39] {_jfjf64} ty

[14:47] {Threei} (GR) Greece PM has reportedly requested a cabinet meeting for Wednesdy to discuss decisions regarding the economy

[14:49] {_jfjf64} watchin x

[14:51] {Threei} HUM Hearing weakness attributed to Medicare Payment Advisory Commision recommending Govt cut payments to private insurers (46.96, -0.37, -0.78%) (related CVH AET UNH CI HNT )

[14:51] {Threei} AET drop too

[14:52] {Threei} - offered non binding proposals for the Govt to cut payments to private insurers who offer coverage (Medicare advantage) to levels it pays when Medicare pays providers directly

[14:52] {_jfjf64} brk/b 5 minchart

[14:52] {dino} snda app lod

[14:53] {Threei} I'd see to short it jf

[14:53] {Threei} either .25 break

[14:53] {_jfjf64} ty

[14:53] {Threei} or closer to .50 if it goes there

[14:54] {nemo} 50 ma is at .26

[14:54] {Threei} .25 trigger will have .35 - .40 zone as a stop

[14:54] {Threei} broket it, became aggressive short ln fiorst weakness

[14:54] {Threei} if stays under day high

[14:54] {Threei} .40 loss is a trigger

[15:02] {Threei} no go

[15:02] {fernp} yeah

[15:02] {_jfjf64} .52 long .25 short

[15:02] {_jfjf64} no go

[15:03] {nemo} ha pretty good support at .30 too

[15:03] {Threei} Some US states considering the ban on credit checks for job seekers - USA Today (related FICO )

[15:07] {Threei} VXX

[15:07] {Threei} .75 long

[15:09] {Threei} no go

[15:09] {Threei} shrug

[15:09] {Threei} this is meanignless

[15:09] {Threei} morning trades, that's it

[15:10] {Threei} everything after that is grind

[15:10] {_jfjf64} done see all tommorrow

[15:10] {Les} ciao

[15:10] {fernp} bye jf

[15:10] {billyc} cya jf

[15:13] {dino} cya jf

[15:15] {nemo} tight range since 11

[15:15] {Threei} (EU) Germany and France outline proposals for increased monitoring of financial performance of Euro Zone member states - Der Spiegel

[15:15] {Threei} - The German and French Finance Ministries have developed a draft plan that would significantly strengthen financial policy cooperation in the EU. The plan calls for increased monitoring of individual member states' competitiveness so that action can be taken early on should problems emerge.

[15:15] {Threei} - States which have pegged their currencies to the euro -- like Denmark or the Baltic countries -- will likewise be monitored.

[15:15] {Threei} - The plan also calls for the European Commission to ensure that the euro group spends more time addressing the finances of its member states. In particular, the paper demands that euro group finance ministers "take more time for candid and serious discussions on the goal of a functioning currency union."

[15:16] {nemo} you up off the floor yet vad?

[15:17] {Threei} why

[15:17] {nemo} laughing too hard at the euro goons

[15:17] {Threei} we know they are trying to jawbone this

[15:17] {Threei} good luck to them

[15:18] {Threei} the longer they try to prop this construct the harsher consequences will be when it finally collapses

[15:19] {dino} i agree

[15:19] {dino} and i think the weak countries have the upper hand

[15:20] {Threei} yes, and if ou look at this last piece,

[15:20] {Threei} this is an attempt by stronger ones to build some control

[15:20] {nemo} so...Greece is too big to fail?

[15:20] {Threei} which again is not really workable solution

[15:20] {dino} which will not happen w/sovergn nations

[15:20] {Threei} nope

[15:21] {Threei} sooner or later the burden on strong ones will overcome all politics

[15:21] {Threei} and when they shrug this burned off Euro is done

[15:21] {nemo} fcx might be building right side of inverted H&S

[15:21] {Threei} burden

[15:21] {dino} when the tide goes out nemo, they are all naked

[15:22] {nemo} bad visual

[15:22] {dino} the countries w/highest greek exposure are the same countries that the germans and french have the highest exposure to, so domino theory

[15:23] {dino} it is bear sterns (if they act) or lehman (no action) all over again

[15:23] {dino} they will act imo

[15:23] {fernp} Good evening everybody. See you all tomorrow

[15:23] {nemo} fas hitting serious resistance

[15:24] {Threei} yes but result will be the same

[15:24] {Les} ciao fern

[15:24] {Threei} take care fern

[15:24] {dino} cya fern

[15:26] {dino} when i grow up....

[15:26] {dino} i'm going to make food that all kids will like

[15:27] {dino} darn snda wanted .15 went too fast

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

[15:30] {Threei} - NYSE volume 710M shares, about 11% below its three-month average; advancers lead decliners by 4.4:1.

[15:30] {Threei} - NASDAQ volume 2.02B shares, about 15% above its three-month average; advancers lead decliners by 2.4:1.

[15:30] {Threei} - VIX index flat to just over 19.50

[15:36] {dino} snda sm l .13

[15:40] {dino} out snda .53, +.40

[15:40] {Threei} wtg

[15:40] {Les} nice

[15:40] {Les} obscene, but nice...

[15:40] {dino} thx

[15:42] {dino} wow .80s

[15:42] {nemo} stopped right at the 200 ma

[15:50] {Threei} this market's ability to stay in such narrow range for the most of the day is quite amazing

[15:51] {dino} every afternoon for months it seems

[15:51] {Threei} yes

[15:55] {dino} out pwrd +.09

[15:57] {Threei} okay guys, thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {billyc} see you guys tomorrow

[15:57] {Les} you too, thanks

Feb 26 2010

5 trades, 3 wins. Barely squeaked into black but it kept three weeks-long now winning streak uninterrupted. Odds start stacking in a favor of a losing day - let's see if we have one next week.

Session Time: Fri Feb 26 00:00:00 2010

[08:10] {Threei} US) Preview: Q4 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.6%e v 0.6% Q4 advance reading

[08:10] {Threei} US) Preview: Q4 Preliminary GDP Annualized and Personal Consumption due at 8:30 am

[08:10] {Threei} - GDP Annualized: +5.7%e v +5.7% Q4 advance GDP reading(Analyst range from +4.2% to +6.3%)

[08:29] {Threei} GR) Greece confirms earlier reports that it has postponed bond road show

[08:30] {Threei} *(US) Q4 PRELIMINARY GDP PRICE INDEX: 0.4% V 0.6%E; CORE PCE Q/Q: 1.6% V 1.4%E

[08:30] {Threei} *(US) Q4 PRELIMINARY GDP Q/Q ANNUALIZED: 5.9% V 5.7%E; PERSONAL CONSUMPTION: 1.7% V 2.0%E

[08:31] {Threei} market is confused

[08:31] {nemo} sorry had to cut out early

[08:31] {Threei} and lately when the market is confused it just goes up

[08:31] {nemo} had to go see my parole officer

[08:32] {Threei} that was very rude of you nemo

[08:32] {Threei} we cried for an hour after you left

[08:32] {nemo} they don't like to be stood up

[08:32] {Threei} deeply hurt

[08:32] {Threei} strider dcced me to say his life is all but ruined

[08:32] {Threei} dino phoned to say he feels violated

[08:33] {nemo} I'm speechless

[08:33] {Threei} that was what fern said

[08:33] {Threei} ECB's Gonzales Paramo: European crisis poses substantial policy challenges

[08:33] {Threei} - Detail tax and spending plans are essential

[08:34] {Threei} oh, and jf said he will never evr join the room where people act like this

[08:35] {nemo} don't let the door hit you in the ass on the way out jf...

[08:36] {Threei} hmmm.. this may make him stay

[08:36] {Threei} this is exacrtly the level of rudeness we know and love

[08:36] {Threei} btw, how's snow?

[08:37] {nemo} we just got torrential rains and winds

[08:37] {billyc} gm everyone

[08:37] {Threei} billy :)

[08:37] {nemo} lotta' power outages

[08:37] {billyc} vad

[08:38] {Threei} we tend to have those too in extreme winds, downside of forested area...

[08:38] {Threei} this year though went without any

[08:38] {Threei} US) Fed's Hoenig: Removing the Fed's regulatory role would be a tragic mistake

[08:38] {Threei} for whom, for Fed?

[08:38] {Threei} - Regulatory function is essential to the Fed's role in financial stability.

[08:38] {Threei} yup - for that of Fed members

06[08:42] * nemo slaps strider around a bit with a large trout

[08:43] {nemo} well the 8:30 news must have been in line

[08:44] {Threei} a bit all over the place

[08:44] {_jfjf64} mornin

[08:44] {billyc} hey jf

[08:44] {Threei} [08:10] {Alert} Threei US) Preview: Q4 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:44] {Threei} [08:10] {Alert} Threei - GDP Price Index: 0.6%e v 0.6% Q4 advance reading

[08:44] {Threei} [08:10] {Alert} Threei US) Preview: Q4 Preliminary GDP Annualized and Personal Consumption due at 8:30 am

[08:44] {Threei} [08:10] {Alert} Threei - GDP Annualized: +5.7%e v +5.7% Q4 advance GDP reading(Analyst range from +4.2% to +6.3%)

[08:44] {Threei} jf :)

[08:44] {_jfjf64} hey billyc

[08:45] {nemo} Wow...Carly Simon named the inspiration for her song, "Your So Vain"

[08:50] {nemo} wow...

[08:50] {nemo} http://abcnews.go.com/Politics/us-secret-service-outdated-computer-mainframe-system-1980s/story?id=9945663

[08:53] {Les} morning :)

[08:54] {Threei} Les :)

[08:54] {Les} that's some nice cleaning of the log there vad....

[08:54] {billyc} hey les

[08:54] {Les} say how many times has Nemo caused you to clean the log?

[08:54] {Threei} don't make me do it

[08:54] {Threei} I hate it

[08:54] {nemo} once or twice

[08:54] {nemo} there was the bear and rabbit joke

[08:54] {Les} sorry for screwing vad around...

[08:55] {Les} maybe I should have told strider to crash into nemo's house

[08:55] {Les} then we'd all be laughing

[08:55] {Les} hi billy

[08:55] {Threei} I don't need any more work, I have better things to do after market is closed,

[08:55] {nemo} yeah...take a nap

[08:55] {Threei} and I promise log readers that thios is raw and unedited

[08:55] {Les} ok

[08:56] {Threei} (US) Treasury's Allison: Need to take more steps to make credit move available

[08:56] {Threei} - Efforts must be made despite signs of improvement. (related XLF )

[08:56] {Threei} no really?

[08:56] {Threei} easily available credit surely is good, right?

[08:56] {Threei} it surely is not what got us into this mess

[08:57] {nemo} let's see real estate is being propped up by the feds and commercial real estate is in the hopper and 500k people a week are losing there jobs...so...exactly who is a good credit risk out their

[08:57] {nemo} there?

[08:58] {Les} I am

[08:58] {Les} well actually I'm unemployed

[09:00] {nemo} mmmmhhhhh....

[09:00] {Les} haven't lit up my trading software yet. How's AIG premarket?

[09:00] {nemo} I would think you'd be out on mental disability

[09:00] {Threei} -1.7

[09:02] {Threei} Dealers comment on US Think Tank report regarding ECB policy stance

[09:02] {Threei} - Evidence is growing that the already fragile Eurozone recovery is decelerating, so providing an extra argument for the ECB to emphasize its highly accommodative policy stance to unchanged.

[09:02] {Threei} - The shift in liquidity provision from long-term emergency maturities back to standard terms will continue but the bank will spell out how it intends to keep overnight rates low through the summer

[09:02] {Les} AIG Q4 results bombed?

[09:02] {Threei} oh, this one will probably take the prize today:

[09:02] {Threei} (US) Fed's Hoenig: Fed members are independent, does not communicate closely with the Treasury's Geithner - Q&A

[09:03] {Threei} American International Group, Inc Reports Q4 -$65.51 v -$14.17 y/y, Rev $24.4B v $23.3Be; Does not see dividend payments in near future

[09:03] {Threei} - Q4 adj EPS -$53.23

[09:03] {Threei} - Q4 Combined ratio 132.5 v 105.2 q/q

[09:03] {Threei} - Q4 General Insurance operating income (before net realized capital gains) was -$1.6B v $722M q/q

[09:03] {Threei} - Q4 life insurance and retirement services op income (before net realized losses) -$931M v $2.2B q/q

[09:03] {Threei} - Q4 financial services operating loss (ex net realized losses) $95M v $1.6B q/q

[09:04] {Threei} - Without additional support from the U.S. government, in the future there could exist substantial doubt about AIG's ability to continue

[09:04] {fernp} Good morning everybody

[09:04] {Threei} AIG CEO: Expect continued volatility in upcoming quarters; not out of the woods

[09:04] {Threei} fern :)

[09:06] {billyc} hey fern

[09:11] {ese} morning

[09:11] {Threei} ese :)

[09:11] {nemo} dude

[09:11] {dino} gm all, wow did we get hit w/snow. about 22" yesterday

[09:11] {Threei} wow dino

[09:11] {Threei} that's a lot

[09:12] {billyc} hey dino ese

[09:12] {ese} dude

[09:12] {ese} dino

[09:12] {ese} billy

[09:12] {Threei} and I lived through what they called a blizzard of a century in Winnipeg in 1997

[09:13] {dino} this aig, good thing those guys got their bonuses, job well done, lol

[09:13] {ese} neuk neuk nuek....agady agady agady.......need to be livin here dino

[09:13] {dino} brb

[09:13] {larisa} gm :)

[09:13] {Threei} larisa :)

[09:13] {billyc} hey larisa

[09:14] {strider} Good morning all

[09:14] {Threei} strider :)

[09:14] {ese} larisa

[09:14] {ese} ST

[09:14] {strider} :)

[09:14] {larisa} :)

[09:14] {billyc} strider

[09:14] {strider} howdy

[09:21] {nemo} this is weird...we're getting hail

[09:22] {dino} still snowing hard here

[09:22] {lasertrev} lol, gm

[09:23] {Threei} trev :)

[09:23] {dino} athn, bxs

[09:23] {dino} wtw

[09:24] {nemo} is "wtf" on your list this morning dino?

[09:26] {dino} always

[09:26] {nemo} nice

[09:26] {Les} morning dino, do you mind posting a refined list, or you still looking at everything from last week?

[09:26] {nemo} wfmi strong

[09:26] {Threei} that's my first morning thought upon seeing myself in the mirror, nemo

[09:27] {Threei} (US) Preview: Feb Chicago Purchasing Manager Index due out at 09:45ET

[09:27] {Threei} **consensus expectations: 59.7e v 61.5 prior (Jan reading of 61.5 was highest since Nov 2005).

[09:28] {nemo} wow, coulda' made your day trading aig this morning

[09:28] {Threei} or lose your shirt

[09:29] {_jfjf64} ty vad

[09:29] {nemo} that's a given in a zero sum game

[09:29] {Threei} for what jf??

[09:29] {_jfjf64} or lose ya shirt

[09:29] {_jfjf64} lol

[09:29] {Threei} lol

[09:30] {_jfjf64} lets get em boys

[09:30] {Threei} {they} uh oh

[09:30] {nemo} look at that db at 9:18 or so, volume was textbook

[09:31] {nemo} jf....patience and Lari...are...um...er.....women

[09:31] {Threei} Short Setup: AMMD 18 break small shares

[09:32] {Threei} thin, risky

[09:32] {Threei} not for everyone

[09:32] {nemo} stop .18 or .22

[09:32] {Threei} invalidation is above .20 for now

[09:33] {Threei} Long Setup: AIG .50 break half lot

[09:33] {Threei} aww

[09:33] {Threei} don't chasde

[09:33] {Threei} late

[09:33] {Threei} crap, that was a good one

[09:33] {_jfjf64} y

[09:33] {Threei} ok, second chance

[09:33] {Threei} .50 break again

[09:34] {Threei} .35 stop

[09:34] {Les} in .51

[09:34] {ese} L jaso .15

[09:34] {dino} les, same plus this a.m.

[09:34] {Les} ty

[09:35] {Threei} 1:1

[09:35] {_jfjf64} ty

[09:35] {Les} half out .65

[09:36] {Threei} 1:2

[09:36] {Les} all out .75

[09:36] {Threei} out

[09:36] {Les} ty vad. nice way to start day

[09:36] {Threei} welcome

[09:36] {_jfjf64} that a boy

[09:36] {billyc} thanks vad

[09:36] {Threei} :)

[09:37] {Threei} EVVV?

[09:38] {Threei} what the deuce?

[09:38] {nemo} wow...that aig call...look at the volume pattern

[09:39] {_jfjf64} nice

[09:39] {Threei} what about it?

[09:39] {nemo} dropping volume into the rise

[09:39] {Threei} decrease on retreat?

[09:39] {ese} out jaso .17 +.02....lookin weak

[09:39] {nemo} decrease on increase

[09:39] {Threei} hmmm

[09:39] {Threei} not how I interpret it

[09:39] {Threei} but let's do it later

[09:39] {larisa} EVVV new approach to preventing strokes, not surgical proved safe

[09:40] {Threei} ty larisa

[09:41] {Threei} Long Setup: XNPT .47

[09:41] {Threei} if stays above .35

[09:42] {Threei} chicago numbers are good I take it

[09:45] {Threei} *(US) FED CHICAGO PURCHASING MANAGERS: 62.6 V 59.7E (HIGHEST SINCE APRIL 2005

[09:45] {Threei} yup

[09:47] {_jfjf64} evvv

[09:48] {Threei} US) Preview: Feb Final University of Michigan Confidence Index due out at 09:55ET

[09:48] {Threei} **consensus expectation: 73.9e v 73.7 prior

[09:48] {Threei} (US) Preview: Jan Existing Home Sales due out at 10:00ET

[09:48] {Threei} **consensus expectation: 5.50Me v 5.45M prior

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

[09:49] {Threei} worth a try

[09:49] {Threei} ese's stock

[09:49] {fernp} ok

[09:49] {ese} back in .18

[09:49] {ese} jaso

[09:50] {Threei} XNPT exhibits signs of a salmon

[09:50] {Threei} could be good for more than scalp

[09:50] {dino} athn sm l .40

[09:51] {ese} glad you mentioned that PM report vad.....made me get out to be on the sae side

[09:51] {ese} safe

[09:51] {fernp} .14 is valid stop for JASO, Vad?

[09:51] {Threei} yes

[09:52] {fernp} ty

[09:52] {Threei} (SP) Spain Eco Min: There are no risks for a double dip recession; will not encounter contraction in 2010

[09:52] {dino} well i feel better now

[09:52] {Threei} don't you love these nostradamuses

[09:52] {Threei} - Not expecting to see any downgrades by rating agencies; Eurozone will not sit back while a member country is in trouble

[09:53] {Threei} Spain Eco Min: right? right?

[09:53] {strider} nostradumasses?

[09:53] {Threei} fern... I see your guys are not any better than ours, lol

[09:53] {dino} and spain is one of the troubled piigs

[09:53] {fernp} true

[09:54] {Les} jawboning in the face of hedge funds massive bets against Euro. Sounds like Chamberlain

[09:54] {Threei} I wanted to suggest you to trade them... but I see it would be like moving money from one pocket to another, no chance to get riicher

[09:55] {Threei} US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 73.6 V 73.9E

[09:55] {_jfjf64} ckr any read vad

[09:55] {ese} michigan report looks good jaso taking off

[09:56] {Threei} it's being bought out jf

[09:57] {ese} jaso not exactly the way i want a scalp to go but it's working

[09:57] {Threei} let's trail sdtop on XNPT

[09:57] {Threei} to under .40 for now

[09:59] {Threei} one more set of numbers, then we are free

[09:59] {Threei} JASO does look nice

[09:59] {Les} dino you catch bxs here?

[10:00] {Threei} *(US) JAN EXISTING HOME SALES: 5.05M V 5.5ME (-7.2% M/M

[10:00] {dino} no was waiting for test of lows left w/o me

[10:01] {Les} looking at athn above 38

[10:01] {dino} out athn .11, +.71

[10:01] {nemo} wtw volume spike

[10:01] {Threei} NPET... wtha the

[10:01] {Threei} why an I not getting news on these sudden fliers

[10:02] {Threei} MPET, sorry

[10:02] {dino} mkts drop

[10:02] {ese} daaaaaaaaaaa stopped jaso .14

[10:03] {Threei} out XNPT

[10:03] {Threei} both were within 1-2 cents of 1:1

[10:04] {Les} you caught athn well. I was scalping it twice towards the bottom after catching .90 b/d

[10:04] {Les} got burnt the second time

[10:04] {dino} ty

[10:04] {fernp} VZ short, Vad?

[10:04] {fernp} btw, took 1:1 in JASO

[10:05] {fernp} ty

[10:05] {Threei} if stays under .85, VZ

[10:05] {fernp} ok

[10:06] {dino} all red carefu;

[10:06] {dino} l

[10:06] {ese} dino you in anything

[10:06] {nemo} spy should bounce at 110, if not 109.50

[10:08] {dino} no

[10:09] {_jfjf64} aig

[10:10] {_jfjf64} any read

[10:10] {Les} inverse h&s aig?

[10:11] {dino} swm sm ave .00

[10:11] {dino} l

[10:11] {Threei} not sure... I'd rather think short on AIG

[10:11] {Threei} .15 break

[10:11] {Threei} half lot

[10:11] {Threei} if stays under .30

[10:13] {Threei} let's modify itZ:

[10:13] {Threei} .25 short

[10:13] {Threei} if stays under .35

[10:13] {nemo} looks inverse H&S

[10:14] {dino} fti sm l ave .07

[10:14] {ese} swm

[10:15] {Threei} invalidated

[10:15] {ese} sorry not in.....typed symbol into wrong spot

[10:15] {_jfjf64} yikes

[10:15] {ese} fti

[10:15] {ese} again......damn

[10:16] {nemo} rimm

[10:18] {_jfjf64} kwk

[10:20] {_jfjf64} rimm

[10:20] {Les} athn

[10:21] {dino} i see it

[10:22] {Les} wfmi

[10:23] {Threei} Long Setup: TM .50 break half lot

[10:24] {nemo} stop .35?

[10:24] {Threei} invalidation

[10:24] {Threei} it never triggered

[10:24] {_jfjf64} nogo??

[10:24] {_jfjf64} ty

[10:24] {Threei} ??

06[10:25] * nemo slaps _jfjf64 around a bit with a large reading glasses

[10:25] {Threei} who is in aggressive mood, can take .40 break

[10:25] {_jfjf64} nemo nemo

[10:25] {ese} L linta .55

[10:25] {Threei} with ridiculously tight stop

[10:27] {Threei} (GE) German Law Maker: any potential aid for Greece would come from KFW Bank, no decision has yet been taken

[10:28] {Threei} German aide would be limited to 5B

[10:28] {Threei} - KfW would purchase Greek debt in emergency action only

[10:28] {Threei} - Reiterates that no decision has yet been reached

[10:29] {Threei} TM invalidated

[10:29] {Threei} or not

[10:29] {Threei} 1 cent...

[10:30] {Threei} kind of discretioanry

[10:30] {nemo} I see a gap, that's bullish

[10:31] {nemo} raise stop to gap?

[10:31] {fernp} what is the play? .51 long?

[10:31] {Threei} yes fern

[10:31] {nemo} if aggressive it was .40

[10:31] {fernp} ok

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

[10:31] {Threei} - NYSE volume 200M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.

[10:31] {Threei} - NASDAQ volume 455M shares, about 9% below its three-month average; decliners lead advancers by 1.4:1.

[10:31] {Threei} - VIX index +1.25% to just over 20.00

[10:34] {ese} out linta .54 -.01

[10:35] {ese} am just picking stuff that is going nowhere

[10:36] {Threei} no.. stuff just doesn't go anywhere

[10:37] {Threei} TM 1:4 for aggressive entry

[10:37] {Les} PALM

[10:38] {Threei} 1:1 for regular entry

[10:38] {Threei} (US) Congressman Maloney (NY) : Requesting US House hold hearings in commerical banks role in Greece crisis (related IXG NBG )

[10:39] {dino} ohhh mannn, just shoveled another 2" of sidewalk

[10:39] {dino} and still snowing hard

[10:39] {Threei} manually dino?

[10:39] {dino} yes

[10:39] {Threei} ouch

[10:40] {Threei} that's back-breaking job

[10:40] {dino} at home, i use a 4-wheeler w/plow

[10:40] {dino} since tuesday we've received ove4r 36" of snow

[10:40] {Les} Mr Plow King

[10:40] {Threei} that's a LOT

[10:40] {dino} that magoo's job

[10:41] {Threei} anyone took TM?

[10:41] {fernp} not here

[10:42] {Les} tried shorting .34. got bitten

[10:42] {Les} palm .35 break?

[10:43] {Threei} not delighted

[10:44] {Les} k

[10:45] {ese} dino...wheres magoo these days....

[10:46] {nemo} sabbatical

[10:46] {ese} gettin sentimental........i miss him on the board......

[10:46] {Threei} GR) Greece PM to make official visit to the US on March 9

[10:46] {Threei} uh oh

[10:47] {Threei} I say draw the bridge

[10:47] {dino} don't really know lately, not coming in much

[10:48] {_jfjf64} yeah its comin obama dont bend over and pk up soap

[10:50] {_jfjf64} ago

[10:51] {_jfjf64} ya lk break vad

[10:51] {Les} SLB

[10:51] {Threei} not rea;;y jf

[10:52] {_jfjf64} ty

[10:54] {Threei} huh

[10:54] {Threei} 34% Favor More Regulation of Financial System, 47% Opposed

[10:54] {Threei} I thought it was widely assumed majority wanted it

[10:57] {nemo} wfmi building base t top of range

[11:00] {Threei} WFMI looks great in all timeframes

[11:02] {Threei} with any market help, 36 is very likely

[11:03] {Threei} at least

[11:03] {fernp} WFC any read, Vad?

[11:04] {Threei} no long

[11:04] {fernp} :-)

[11:04] {Threei} short, maybe, but need some setup to form

[11:04] {Threei} earl;ier in the morning ZI missed .30 breakdown on it

[11:04] {Threei} never looked at it since

[11:05] {fernp} ok

[11:05] {Threei} 27.30 that is

[11:05] {fernp} yes, yes

[11:05] {Threei} (CA) Canada Fin Min: Dec budget deficit of C$3.1B v surplus C$334M y/y

[11:05] {Threei} - Fiscal YTD

[11:05] {Threei} and loonie is up?

[11:06] {Threei} someone shoot it

[11:06] {Threei} who likey,

[11:06] {Threei} Long Setup: WFMI .50 break

[11:07] {Threei} stop for scalpers under .40

[11:07] {Threei} for day traders .35

[11:12] {nemo} that's pretty solid support at .45

[11:12] {Threei} very willing stock... just needs little help from market

[11:14] {nemo} figures

[11:16] {nemo} that bid at .46 get eaten, that's support

[11:21] {fernp} stopped WFMI

[11:23] {nemo} market isn't helping wfmi

[11:23] {nemo} it's reverse salmoning

[11:24] {_jfjf64} jpm vad

[11:25] {Threei} like thwe chart... hate the idea of trading breakpout right now

[11:28] {Threei} flat day so far, between AIG and TM vs stopped ones

[11:29] {Threei} today is a last day of three weeks uninterrupted winning streak... maybe it's a good idea to haver it breakeven, not to agner gods of odds

[11:29] {Threei} and get it out of our system

[11:30] {larisa} no losing day in 3 weeks?

[11:30] {dino} mine ended tuesday

[11:30] {ese} vaddddddd ohhhhhhh vadddddd! you never told me that things could get this boring

[11:30] {Threei} roday is 15th day Larisa

[11:30] {Les} how long before you fly ese?

[11:31] {ese} one week today les

[11:31] {dino} altho, decent month overall, only 3 down days

[11:31] {Threei} sorry ese... I'll try to see if there are any clowns we could book urgently

[11:31] {Les} clowns? How bout some dancing girls?

[11:31] {Les} and boys for the ladies here?

[11:32] {dino} huh, someone say dancing girls?

[11:32] {Les} virtual club chez Vad

[11:32] {Threei} dunno about you, we like clowns... right ese?

[11:33] {_jfjf64} jpm strong

[11:34] {Threei} sure is

[11:34] {ese} ya I do

[11:34] {_jfjf64} in .80

[11:34] {_jfjf64} half out

[11:35] {ese} nice one jf.....ride em cowboy

[11:35] {_jfjf64} .85 stop

[11:35] {nemo} wow, wfmi..do we ride it, or just cover

[11:36] {gregns} ride sally ride

[11:36] {nemo} nice

[11:37] {_jfjf64} 42 jp lets go

[11:38] {_jfjf64} stop to .90

06[11:38] * Threei slaps _jfjf64 around a bit with a large dose of antigeedine

[11:39] {nemo} what is "antigeedine"?

[11:39] {larisa} +r

[11:39] {ese} just lettin ya know i'm still long 500 shs of brcm from yesterday

[11:39] {_jfjf64} ty nemo

[11:39] {Threei} ty larisa

[11:40] {larisa} not only vad spells normal words wrong, he comes up with new ones and spells them wrong too :)

[11:40] {Threei} lol

[11:40] {Threei} isn't it a gift?

[11:40] {_jfjf64} sound lk shampoo

[11:42] {_jfjf64} out

[11:43] {_jfjf64} going to shovel my driveway

[11:44] {_jfjf64} 12 inch snow

[11:44] {Threei} ok, this is just cruel

[11:44] {Threei} my car dealer phones

[11:44] {Threei} "your car is in, fresh from the boat from Japan,

[11:45] {dino} athn

[11:45] {_jfjf64} not toyota

[11:45] {Les} long or short dino?

[11:45] {Threei} but we are not sure we can finish all the paperwork today, so if we can - great, I'll call you in a few hours, if not - you'll be able to get it onj MOnday"

[11:46] {Threei} cruel, simply cruel, I am telling you

[11:46] {dino} thinking long

[11:46] {larisa} what diff does it make, today or monday?

[11:46] {Threei} boy is told he has to wait for his new toy

[11:47] {Les} ok Nemo, movie time

[11:47] {Les} here's one from one of my favourites

[11:47] {Les} behold a pale horse, and the man who sat on it was death. And hell followed with him

[11:48] {nemo} Yeah...Michael Bien

[11:48] {Les} NO WAY

[11:48] {nemo} Your Spanish is worse

[11:48] {Les} what do you do with your free time there boy?

[11:48] {nemo} wanna' be my huckleberry?

[11:49] {Les} you're not google searching these phrases are you?

[11:49] {nemo} one of my favorite movies

[11:49] {nemo} Val Kilmer was fantastic

[11:50] {Les} yes enjoyed this film immensely

[11:53] {dino} tombstone

[11:53] {nemo} we've gone back and forth on that one...huh, dino

[11:53] {nemo} my stop on wfmi is now .44...we got a trendline

[11:54] {dino} you tell them i'm coming, and hell's coming w/me

[11:54] {nemo} Kurt Russel

[11:54] {nemo} l

[11:56] {dino} athn sm l .60

06[11:57] * nemo slaps Threei around a bit with a large trout

[11:57] {Threei} sigh

[11:58] {Threei} should I make a conversation that resulted in it public...

[11:58] {nemo} sure

[11:58] {Threei} if slap is publci, why not

[11:58] {Threei} 11:55] {nemo} wfmi is not feeding my need for instant gratification

[11:58] {Threei} [11:55] {Threei} ummm... sorry?

[11:58] {Threei} [11:56] {nemo} I'm still in...took day trader stop

[11:58] {Threei} [11:56] {Threei} yes...

[11:58] {Threei} [11:56] {Threei} just thinking whether I shoud apologize on WFMI behalf

[11:58] {nemo} well, ya' can't slap in private, else I woulda'

[11:58] {Threei} [11:57] {nemo} I't supposed to go up .40 cents 2 seconds after I buy

[11:58] {Threei} [11:57] {Threei} ok... I am deeply profoundly sorry

[11:59] {Threei} see? I am so very polite and understanding... and what do I get fore it?

[11:59] {nemo} road to hell, and no good deed...

[11:59] {Threei} no kidding

[11:59] {Les} instant gratification? you 15 years old Nemo?

[11:59] {nemo} 12...emotionally

[12:00] {Threei} 15 years old are wise and mature next to him

[12:00] {nemo} also taller

[12:00] {Threei} see who I have to try and reason with?

[12:00] {Les} reason?

[12:00] {Threei} nemo and les... oy

[12:00] {nemo} hell on earth :):):)

[12:01] {Threei} thank goodness there is patient and calm Larisa... who can wait 3 days for a new car

[12:01] {larisa} i can :)

[12:02] {Threei} actually I shouldn't complain... dealetship has no signle car of my model on their lot, has to order each for a cusatomer

[12:02] {Threei} foesn't even advertize them

[12:03] {larisa} best part in life is anticipation of something good. you are too young to know it yet :)

[12:03] {Threei} wait for deklivery is anywhere from days to month and a half

[12:03] {Threei} but larisa... it's shiny

[12:04] {Threei} and it has rain- and speed-sensitive wipers

[12:07] {dino} slllllllllllaaaaaaaaaaapppppppppp

[12:07] {Threei} someone started drinking early...

[12:07] {Threei} and in case you think I am against it - that was expression of envy

[12:08] {Threei} FRED Increases dividend to $0.04 from $0.03

[12:08] {Threei} - The dividend is payable on March 15, 2010, to shareholders of record as of March 5, 2010

[12:09] {nemo} pulling teeth...wfmi is a root canal

[12:09] {Les} you seeing this dino

[12:09] {nemo} he sees dead people

[12:09] {Threei} I see dead pixels

[12:10] {Les} might just be IB, but 50 cent jump in price on ATHN. stopped

[12:10] {Threei} wow

[12:10] {Threei} nothing of a kind here

[12:10] {Les} must be IB software. did it abain. jumped to 38.33

[12:12] {nemo} stopped wfmi

[12:13] {dino} wfmi?

[12:13] {nemo} yeah, actually had stop at .45 blew right through

[12:17] {nemo} well, rinsed my stop

[12:19] {nemo} that's really rude

[12:20] {Threei} I can't even look at UAUA

[12:21] {Threei} how do I manage to miss its breaks all the time, beyond me

[12:21] {nemo} aig interesting support

[12:24] {dino} snda

[12:26] {Threei} .20 break short AIG?

[12:26] {Threei} I like

[12:26] {Threei} IT) Italy PM Berlusconi: Emerging from the crisis faster than others in the EU; debt is currently limited tools that can be used to help the economy

[12:27] {fernp} .30 stop, vad?

[12:27] {Threei} yup

[12:27] {fernp} ok

[12:30] {Threei} nice consolidation

[12:30] {Threei} little push by market and should work

[12:35] {Threei} 1:1

[12:35] {Threei} in the black again

[12:36] {Threei} anyone??

[12:36] {fernp} here

[12:36] {fernp} ty

[12:36] {Threei} whew

[12:37] {gregns} yes, in @ .21 out @ .09 thanks vad

[12:37] {Threei} that's it? no onr else plays in my sandbox?

[12:37] {Threei} oh good

[12:37] {Threei} thank you greg

[12:37] {Threei} 1:2

[12:38] {Les} very late to the party. short .15 covered .08 ty

[12:38] {Threei} gosh les

[12:38] {Threei} you are scaring me

[12:38] {gregns} also i was patient with wfmi in @ .4833 avg out @ .52 missed the .55

[12:39] {gregns} thks

[12:39] {Threei} wfmi is disappointing

[12:39] {Threei} chart deserved much more

[12:39] {nemo} I miss anything

[12:40] {Threei} wow...

[12:40] {nemo} oh jeez...

[12:40] {gregns} also Les , I used to use TD Ameritrade TOS and now with Laser and what a difference!!

[12:40] {Threei} yes... AIG short

[12:40] {nemo} a breakdown/breakout worked...

[12:40] {Threei} that's like going from bike to a plane, greg

[12:41] {gregns} you'all have a nice weekend, thks

[12:41] {Les} bye greg

[12:41] {Threei} you too!

[12:41] {gregns} yes! and add some experience and knowledge I hope it is coming together

[12:43] {dino} cya greg

[12:43] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz garfffff ahhhhheeeemmmmmmm

[12:43] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[12:43] {ese} cya greg

[12:43] {nemo} fas rising wedge

[12:44] {_jfjf64} im back driveway done

[12:44] {Les} AIG not shortable

[12:45] {Threei} didn't you short it 5 min ago?

[12:45] {nemo} he's on IB

[12:46] {Threei} 12:38] {Les} very late to the party. short .15 covered .08 ty

[12:46] {dino} out fti .63,+.56

06[12:46] * Threei slaps nemo around a bit with a large dose of PayAttenting

[12:46] {nemo} I went and got coffee...I missed the frickin' thing

[12:47] {_jfjf64} nice dino

[12:47] {dino} ty took awhile

[12:48] {_jfjf64} jpm someone keeps buyin

[12:48] {Les} yeh strange isn't it

[12:49] {_jfjf64} for us yes monday im sure here sm news

[12:50] {_jfjf64} maybe buyin toyota

[12:50] {_jfjf64} lol

[12:52] {nemo} fcx testing support

[12:52] {Threei} and no jf, my new car is not a Toyota

[12:53] {_jfjf64} see ya in infiniti

[12:54] {Threei} not yet

[12:55] {nemo} wfmi really being a stinker

[12:57] {Les} little bounce in fcx

[12:57] {Les} consolidation

[12:58] {nemo} rimm testing support area

[13:03] {dino} ctcm

[13:03] {_jfjf64} fcx

[13:03] {_jfjf64} any read vad

[13:04] {Les} there goes wfmi

[13:04] {Threei} no jf, sorry

[13:10] {nemo} might get a bounce around .70 on rimm 200 ma

[13:15] {_jfjf64} fcx

[13:15] {nemo} broke alreay

[13:15] {dino} hsii thinny, sm l .99

[13:16] {_jfjf64} y

[13:16] {nemo} aig break of .90 stop .80?

[13:17] {Threei} I wouldn't

[13:17] {nemo} Whyyyyyyyyyy?

[13:17] {Threei} I can't have my shiny toy today - nor can you

[13:17] {nemo} I'm having a bohica week...don't worry about it

[13:18] {_jfjf64} bohica

[13:19] {nemo} dcc jf

[13:19] {_jfjf64} dcc

[13:19] {nemo} you on mirc?

[13:20] {Threei} {_jfjf64} mirc

[13:20] {_jfjf64} n

[13:20] {nemo} oh

[13:20] {nemo} email please

[13:20] {fernp} AIG breakdown, vad?

[13:20] {Threei} not here

[13:20] {Threei} AIG...

[13:20] {Threei} hmmm

[13:21] {Threei} not sure fern

[13:21] {fernp} ok

[13:21] {Threei} chart is right,

[13:21] {Les} dino, watchya doing with ATHN? still long?

[13:21] {Threei} I am just hesitatnt to repeat the playh 40 cents lower

[13:21] {nemo} look at bids at .80

[13:21] {fernp} i understand. ty

[13:22] {Threei} we are mostly in the ranges at this time of the day, trend cpontinuing for so long makes me uneasy about follwoing it

[13:22] {Threei} chances for a sharp snapback stopping us out are simply too high

[13:24] {Threei} Seaworld guy calls Tillikum "contributing member of a team"

[13:25] {Les} well he does contribute live reality TV gore...

[13:25] {dino} yes les

[13:26] {Les} ty. s .39 for a scalp

[13:26] {dino} stop is break of lod

[13:26] {Les} ok. I want out just before lod

[13:26] {dino} nuva spike

[13:27] {dino} aetna will pay for device

[13:28] {Threei} NUVA Announces Insurance Provider Policy Reversal to Cover XLIF(R)

[13:28] {Threei} Aetna changed its spinal surgery policy to include coverage for the eXtreme Lateral Interbody Fusion... (37.24, +7.55, 25.43%) more...

[13:28] {Threei} UAUA... I hate this thing

[13:30] {nemo} aig break of 25 big offer?

[13:30] {nemo} no volume on this climb though

[13:30] {Threei} yeah, not sure

[13:31] {fernp} NUVA, any news?

[13:31] {Threei} look above fern

[13:31] {nemo} such a liquid stock, that offer might just be bait

[13:31] {fernp} sorry

[13:31] {Threei} Fed's Tarullo: Financial reform legislation must correct the too big to fail issue; disagreement remains on the issue

06[13:31] * nemo slaps fernp around a bit with a large fern

[13:31] {nemo} too much sangria

[13:31] {fernp} a large fern ummmm!!!

[13:32] {Threei} sprinckled with bacon?

[13:32] {Threei} an no carrot juice

[13:32] {nemo} you're a gentlemen fern

[13:32] {nemo} yeah, that break was valid

[13:32] {Threei} simply market following nemo

[13:32] {Threei} see suden SPY spike?

[13:33] {nemo} sure

[13:35] {Threei} I want one more win

[13:35] {Les} fcx at hod

[13:35] {Threei} then my weekend will be complete with:

[13:35] {fernp} me too, Vad

[13:35] {Threei} -3 weeks of winning days in a row,

[13:35] {Threei} - canada winning gold in hockey,

[13:35] {Threei} - new car

[13:36] {Threei} not too shabby of a weekend

[13:36] {Les} sounds like life is good

[13:36] {Threei} bearable

[13:36] {Threei} but I also have some Grey Goose in the fridge to make it good

[13:36] {fernp} i can't find anything convincing

[13:36] {Les} ATHN lod

[13:36] {Les} broken

[13:37] {Threei} have time still fern

[13:37] {Threei} don't want to press, waiting for as sure thing as possible

[13:37] {Threei} like that AIG short

[13:37] {fernp} sure :-)

[13:37] {dino} athn stopped

[13:37] {Threei} I also need time to swear at UAUA

[13:37] {Les} you have made me money vad

[13:37] {Threei} in russian

[13:37] {Les} but have lost learning to play with dino's type of play

[13:38] {Les} has been useful learning, despite cost

[13:38] {Threei} learning costs

[13:38] {dino} havard education

06[13:39] * Threei slaps gen around a bit with a large greeting from la-la land of blooming lotuses and Olynpic Games

[13:40] {dino} clw gap fill

[13:41] {nemo} fcx might be setting up a short

[13:44] {fernp} FAZ double bottom?

[13:44] {nemo} fas double top...

[13:46] {dino} sm l .00 clw wide risky

[13:47] {nemo} wow..gold today

[13:58] {Les} nuva's moving

[13:59] {Les} ugh, ugly spread

[14:00] {strider} KO

[14:00] {Threei} {NUVA} excuse me for not being up to your aestetic standards

[14:00] {Les} should have had confidence to take it. but will wait until I grow up...

[14:00] {Les} one day I want to be like magoo

[14:01] {dino} lol

[14:01] {nemo} o.k. reminds of a line from a movie...

[14:01] {Threei} dino barely handles one of those

[14:01] {nemo} "Fat, lazy, and stupid is no way to go through life, son."

[14:01] {Threei} last thing he wants is a clone

[14:01] {Threei} rofl

[14:01] {nemo} Dean Wormer

[14:02] {Les} wait, checking

[14:02] {Les} not your animal house again

[14:02] {dino} yes

[14:02] {Les} didn't you grow up and leave college? :)

[14:03] {nemo} twice

[14:05] {Threei} lol... nemo is in rare shape today

[14:05] {strider} I hear that 3 times is a charm, nemo.

[14:05] {nemo} "I don't want to be Mr. Pink

[14:05] {nemo} "

[14:05] {Threei} reservoir dogs

[14:05] {strider} I have no idea what that means.

[14:05] {nemo} so what..nice vad

[14:08] {dino} cit

[14:10] {Les} http://miburl.com/s3pBOf

[14:10] {Les} thems my type of girls

[14:11] {larisa} both under legal drinking age :)

[14:12] {nemo} not in switzerland

[14:12] {Les} how old you gotta be for a beer?

[14:12] {larisa} 19 in Canada?

[14:13] {dino} athn lod

[14:13] {larisa} sport event and smoking/drinking. real Olympic spirit

[14:14] {fernp} lol

[14:19] {ese} EYUOIPO[

[14:20] {strider} Looks like Greek to me.

[14:20] {ese} opps....thts my head hitting the keyboard

06[14:20] * nemo slaps ese around a bit with a large bottle of lithium

[14:21] {larisa} this is better : best hockey player, what a beauty http://beta.inosmi.ru/images/15832/26/158322612.jpg :)

[14:21] {Les} hahahaha

[14:22] {nemo} How'd you get a picture of Les?

[14:22] {larisa} I know people

[14:23] {strider} Larisa, I think we know the same people.

[14:23] {larisa} lol

[14:25] {strider} JASO hugging $5

[14:25] {Les} NUVA could be good for a 38 b/d?

[14:25] {Les} been playing it. not an easy customer

[14:29] {Les} how does changing insurance policy for surgery merit such volatility?

[14:33] {dino} they will re-imburse users. prior they would not, so docs would not recommend

[14:34] {Les} ah ok

[14:39] {strider} Question, Master vad:

[14:39] {strider} What do you think about ORCT as an overnight? Can find no news.

[14:41] {Threei} lemme look

[14:41] {strider} Resistance on daily back in Oct.

[14:42] {Threei} I've no idea strider

[14:42] {Threei} it can do whatever

[14:43] {strider} Are your overnights usu. backed up by news?

[14:43] {Threei} not necessary

[14:44] {Threei} but there is no setup on daily either, just a long green candle

[14:44] {Threei} and volume spike

[14:44] {Threei} can be euphoria just as well

[14:44] {strider} True. and strung out on the 3rd day of climb.

[14:46] {strider} Probably too late.

[14:59] {ese} my screens have totally stopped.......don't remember seeing it like this before...calm before the storm per chance

[14:59] {Threei} yes but I don't think storm will come today

[14:59] {Threei} Friday...

[14:59] {ese} Well then.......i'll see you all on Monday

[14:59] {Threei} okay :)

[14:59] {Threei} have a good one

[14:59] {billyc} cya ese

[14:59] {Les} ciao bon weekend

[14:59] {dino} cya es

[15:00] {fernp} bye ese

[15:00] {ese} take care vad, billy dino les

[15:00] {ese} fern

[15:02] {Threei} in case market breaks higher:

[15:02] {Threei} Long Setup: X .10 break

[15:02] {Threei} if stays above 53

[15:03] {larisa} huh, was drawing trendline to see the breakpoint when you typed :)

[15:04] {Threei} do we agree?

[15:04] {larisa} yes, but i doubt it will break

[15:05] {Threei} that's not a concern really... no break, no trade

[15:06] {larisa} why, it can be a short off 53 if no trend break :)

[15:06] {larisa} oops

[15:06] {Threei} sure

[15:10] {Threei} look at frikin WFMI

[15:10] {nemo} yeah

[15:10] {Threei} goes for that 36 I caqlled - after rudely shaking us out

[15:12] {larisa} so boring, better go watch Olympics while it lasts :)

[15:12] {Threei} nothing's on right now

[15:12] {larisa} not even curling???

[15:13] {Threei} wait

[15:13] {Threei} USA Finland

[15:13] {Threei} hockey

[15:13] {Threei} curling can watch itself, I'll pass

[15:13] {nemo} ahhhh....X

[15:13] {larisa} X just ranging

[15:14] {Threei} VPHM...

[15:14] {Threei} just broke .45 and back into support

[15:14] {Threei} if market breaks, may stage last run

[15:16] {Threei} US leads 2:0

[15:17] {_jfjf64} sorry just got bk x still valid vad

[15:18] {Threei} I doubt it

[15:25] {Threei} 4:0

[15:29] {Threei} 6:0... this is getting ridiculous

[15:29] {larisa} look for a trade

[15:29] {Threei} I need another entertaiment

[15:30] {Threei} I do

[15:30] {Threei} VPHM is tghe only thing more or less looking like one

[15:30] {larisa} market is slow like russians while playing Canadians

[15:31] {strider} If VPHM is entertaining you, you need higher standards.:)

[15:31] {Les} NUVA trying to make 40. lot of resistance

[15:31] {larisa} lol

[15:31] {Threei} lol

[15:32] {Threei} if this is how I see fun, I need either look up this word or get out more often

[15:32] {dino} out clw .40 ave, +.41

[15:32] {dino} opps +.40

[15:32] {_jfjf64} nice

[15:32] {Threei} wtg

[15:32] {dino} thx, tuff to get out of

[15:35] {Threei} White House Press Sec: Obama to make announcement next week on path for health care reform

[15:36] {Threei} read: ramming down your throat is coming

[15:36] {_jfjf64} gv it a rest obama

[15:37] {dino} please

[15:38] {Threei} not going to happen jf

[15:39] {Threei} his view is: if you are against it, that's because you don't understand; if he did anything wrong it was not expmaining enough

[15:39] {Threei} 'cause you know, when your counterpart is stupid you have to explain twice

[15:39] {_jfjf64} explain pls

[15:40] {Threei} lol

[15:40] {_jfjf64} lol

[15:41] {dino} darn clw

[15:48] {Threei} JP) 7.3 magnitude earthquake strikes near Ryukyu Islands chain in southern Japan

[15:48] {nemo} Okinawa

[15:49] {fernp} bad week here. Have a nice weekend everybody.

[15:49] {Les} ciao fern bon weekend

[15:49] {_jfjf64} see ya

[15:49] {billyc} cya fern

[15:49] {Threei} take care fern

[15:49] {dino} cya fern

[15:50] {dino} out hsii +.03

[15:51] {_jfjf64} im packin it up also great being back in room ty vad see all on monday

[15:51] {billyc} cya jf

[15:51] {Les} ciao jf

[15:53] {Threei} okay guys, second half of the day is all but empty

[15:53] {nemo} cya

[15:53] {Threei} let's have a good weekend

[15:53] {Threei} see you on Monday

[15:53] {billyc} gn all have a great weekend

[15:53] {larisa} bye :)

[15:54] {Les} you too. have fun with your toy 4x4

[15:54] {Threei} 4x4?

[15:54] {Threei} it's AWD

[15:54] {Les} the nissan isn't 4WD

[15:54] {Threei} 4x4 referes to constant engagement of all 4 wheels

[15:55] {Les} so does AWD doesn't it?

[15:55] {Threei} AWD is front wheel drive when road conditions are fine,

[15:55] {Threei} switches to 4 when slipperuy

[15:55] {Les} automatically?

[15:55] {Threei} asnd computer distributed engagement

[15:55] {Threei} from 90/10 to 50/50

[15:55] {Threei} yes

[15:55] {Threei} or you can do it manually

[15:56] {Les} whatever

[15:56] {Les} have fun

[15:57] {dino} out swm .91 -.09

Feb 25 2010

Another slow and profitable day. 5 plays, 4 wins. To deal with boredom later we made traditional beer bets on where the DOW finishes the day and I won by betting on -50

Session Time: Thu Feb 25 00:00:00 2010

06[08:19] * nemo slaps _jfjf64 around a bit with a large trout

[08:26] {Threei} US) Fed's Pianalto: Not seeing any "warning signs" of inflation, recovery "does not feel like one"

[08:26] {Threei} - Markets expect low inflation for next five years.

[08:29] {nemo} mmmhhh...wonder if fas will be good play off initial claims

[08:29] {Threei} PALM Halted: news pending

[08:30] {nemo} initial claims must suck

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE

[08:30] {Threei} CONTINUING CLAIMS: 4.617M V 4.570ME

[08:30] {nemo} bohica

[08:31] {nemo} what about durable orders?

[08:31] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE; CONTINUING CLAIMS: 4.617M V 4.570ME

[08:31] {Threei} - Prior Initial Claims revised higher from 473K to 474K

[08:32] {nemo} so, now where back to where we were Monday

[08:32] {nemo} or Tuesday rather

[08:39] {fernp} Good morning everybody

[08:40] {nemo} good afternoon, fern

[08:41] {fernp} nemo :-)

[08:42] {Threei} fern :)

[08:55] {Threei} Fed's Pianalto: mortgage modifications have proved more difficult to execute than anticipated - Q&A

[08:55] {Threei} wow

[08:55] {Threei} something was harder for fed than they thought? say it ain't so

[09:00] {Threei} poor PALM

[09:00] {Threei} Palm, Inc Lowers FY10 guidance to 'well below' previous target of $1.6-1.8B; Guides Q3 Rev $300-320M v $425Me

[09:00] {Threei} - Palm expects fiscal year 2010 revenues to be well below its previously forecasted range of $1.6B to $1.8B. The company will provide more detail on its financial results during Palms third-quarter financial results conference call currently scheduled for Thursday, March 18.

[09:00] {Threei} - Expects to close its third fiscal quarter with a cash, cash equivalents and short-term investments balance in excess of $500M.

[09:00] {Threei} - Driving broad consumer adoption of Palm products is taking longer than we anticipated, said Jon Rubinstein, chairman and chief executive officer. Our carrier partners remain committed, and we are working closely with them to increase awareness and drive sales of our differentiated Palm products.

[09:01] {nemo} how'd you like to be one of those saps that bought at 8.40 this morning

[09:02] {Threei} I wouldn't

[09:02] {Threei} but then again, I never understood the "it dropped, let's buy it" mentality

[09:02] {nemo} offers getting hit, short covering

[09:02] {nemo} nice to be done with the day before the open

[09:03] {Threei} as if everything moved within a range, and low automatically means bounce back up

[09:03] {Threei} PAL Identifies Several New Gold and Copper Targets with Midland Exploration on the Laflamme Property (3.80, 0.00, 0.00%)

[09:04] {nemo} wow, that palm info really tanked the market

[09:04] {Threei} I doubt it

[09:04] {nemo} at least in the short term

[09:04] {nemo} put it this way...it was a catalyst

[09:05] {Threei} market drop on its own... PALM is but a small player

[09:05] {nemo} coincidence then

[09:05] {_jfjf64} mornin people

[09:05] {Threei} jf :)

[09:13] {ese} morning

[09:13] {Threei} ese :)

[09:14] {Les} haroo, or so Nemo likes to say :)

[09:14] {Threei} les :)

[09:15] {dino} gm all, another 3" of snow and still falling

[09:15] {Threei} GS Fed Chairman Bernanke: Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms

[09:15] {Threei} dino :)

[09:15] {strider} we got about an inch last night, dino.

[09:16] {strider} sun is out now.

[09:16] {dino} they are now saying 15 to 24"

[09:16] {dino} on top of 12 yesterday

[09:16] {dino} sweeeeeeeetttttt

[09:17] {Les} nice futures

[09:17] {Les} blooooooood

[09:17] {Threei} remember me saying yesterday, same incident with killer whale happened in Victoria once?

[09:17] {Threei} well, tunred out it's the same whale

[09:18] {billyc} gm everyone

[09:18] {Threei} billy :)

[09:18] {Les} funny that, orca's being intelligent creatures

[09:18] {Les} guess it doesn't like be a circus pet

[09:18] {Les} hi billy

[09:18] {dino} gaps at 1775 ndx, 1075 s/p

[09:18] {billyc} hey les vad

[09:18] {Threei} well, this particular one...

[09:19] {Threei} it's not like there were many such cases over decades of this show

[09:19] {dino} i saw that 3i, like 3 incidences for that beast

[09:19] {Threei} yeah

[09:19] {larisa} gm :)

[09:19] {Threei} larisa :)

[09:19] {Threei} 1991, first case

[09:19] {Les} hi larisa

[09:19] {billyc} hi larisa

[09:20] {larisa} vad, les, billy :)

[09:22] {strider} morning everyone.

[09:22] {lasertrev} morning

[09:22] {Les} fcx sitting at 71

[09:22] {Threei} strider, trev :)

[09:23] {strider} :)

[09:23] {billyc} hey strider trevor

[09:23] {Les} morn strider

[09:23] {strider} hi-billy, Les.

[09:23] {nemo} is Raven here...or does he just forget to shut off his computer?

[09:25] {lasertrev} hi billy

[09:26] {Raven} {}

[09:27] {nemo} hi raven :)

[09:27] {Raven} morn n

[09:28] {nemo} mmmhhhh, interesting support level there for rimm

[09:28] {nemo} X looks ready to fall

[09:29] {nemo} lot of market selling in rimm

[09:32] {Threei} Long Setup: WFC .10 break

[09:32] {Threei} if stays above .05

[09:32] {Threei} aim to sell half near .20

[09:34] {Threei} half out

[09:34] {Threei} stop to under .10

[09:34] {Threei} scalpers have over 1:1

[09:34] {_jfjf64} ty

[09:35] {dino} iclr beats raises and drops

[09:37] {Threei} Fed's Bernanke: Inflation has been subdued; harsh weather in last months will have impact on data - Q&

[09:37] {Threei} ahha... it's weather's fault

[09:38] {_jfjf64} vxx

[09:39] {Les} NTES

[09:39] {_jfjf64} you lk vad

[09:39] {Threei} not sure

[09:40] {_jfjf64} ty

[09:40] {Threei} X

[09:40] {Les} bouncing. you wanna short it?

[09:40] {Threei} no, thinkjing of half lot long on pullback

[09:40] {Threei} ugh... was thinking too long

[09:41] {_jfjf64} lol

[09:41] {nemo} no pullback

[09:41] {Threei} pullback into .50 was classic entry

[09:42] {Threei} ok

[09:42] {Threei} recross of .50 long

[09:42] {Threei} half lot

[09:42] {Threei} if loses .40, hunt ffor the same setup, 10 cents lower

[09:43] {Threei} as in .40 recross if holding .30

[09:43] {Threei} 1:1

[09:43] {nemo} I shouldn't have read the log

[09:44] {Threei} (US) Preview: Dec and Q4 House Price Index due out at 10:00ET

[09:44] {Threei} **consensus expectation:

[09:44] {Threei} - Dec House Price Index (m/m): 0.4%e v 0.7% prior

[09:44] {Threei} 1:1 on second setup

[09:44] {Threei} fast and furious

[09:45] {Threei} no chance to call it, just have to explain setructure in advance so you execute it when you see it

[09:45] {Threei} market sharp drop, wait for lower prices

[09:45] {_jfjf64} vxx yeah

[09:46] {nemo} QQQQs broke through there daily ichimoku cloud :)

[09:46] {Threei} lol

[09:46] {nemo} sanity not one of my stronger traits

[09:47] {nemo} alzheimer's market, doesn't remember yesterday

[09:48] {Les} STEC

[09:50] {Les} TM hovering around 73

[09:52] {Threei} (US) US Energy Sec Chu: Govt wants more oil market transparency in efforts to cut price volatility (related USO OIH )

[09:52] {nemo} If words were snow storms

[09:53] {Threei} Long Setup: BRCM .85

[09:54] {Threei} stop for hardcore scalpers under .80

[09:54] {Threei} for day traders under .75

[09:54] {dino} cfi sm .75 l

[09:56] {nemo} awful liquid for you ino

[09:56] {Threei} ese and fern have 1:1

[09:56] {fernp} ty Vad

[09:56] {nemo} I'll be back...gotta reboot

[09:57] {Threei} day traders have 1:1

[09:57] {_jfjf64} ty

[09:57] {Les} half out .94

[09:57] {Threei} yw

[09:59] {ese} i wish......have been following myl and trlg

[10:00] {Les} all out +.01

[10:01] {Threei} oh come on ese... not only I called your type of tade, I called your favorite stock

[10:01] {Threei} but you chose to hurt my feeling deeply by ignoring all three

[10:01] {Threei} your play, your stock and me

[10:01] {Threei} {--- crying bitterly in the corner

[10:02] {Threei} *(US) DEC HOUSE PRICE INDEX (M/M): -1.6% V 0.4% PRIOR

[10:02] {ese} i know tks vad.......your lookin out for me......appreciate it

[10:03] {Threei} Q4 (Q/Q): -0.1% V 0.2% PRIOR

[10:04] {Les} stec 10 b/d?

[10:05] {Threei} US) TARP Oversight Head Warren: Will be asking Treasury about lack of restirction on aid for GMAC

[10:05] {Threei} nah Les

[10:05] {Threei} not my kind of play

[10:06] {Les} k

[10:06] {nemo} wfmi recovered gap

[10:07] {nemo} looks like ready for a short

[10:07] {dino} guess who's on tv

[10:07] {nemo} lori petty

[10:07] {_jfjf64} watchin vxx pull bk to.80

[10:10] {Les} fsys strong

[10:10] {Threei} don't you love these guys without real time quotes:

[10:10] {Threei} PALM BofA/Merrill Lynch reiterates Underperform rating, price target $10

[10:12] {dino} value added research

[10:12] {nemo} subtracted perhaps

[10:13] {ese} Ltrlg .56

[10:13] {ese} sorry late call....watching too close

[10:15] {nemo} rangebound already

[10:15] {ese} out trlg avg .74 +.18

[10:15] {Threei} wrg

[10:15] {Les} nice

[10:15] {Threei} r=t

[10:16] {nemo} oh, thought it was a symbol

[10:16] {billyc} wtg ese

[10:16] {ese} L brcm .00

[10:16] {nemo} that's indecent for ese

[10:17] {dino} kss, plce, fsys, chl green

[10:17] {Les} AIG popping again

[10:18] {ese} 1/2 out brcm .05 +.05

[10:19] {Threei} AIG, daily show of insanity

[10:19] {ese} tks billy

[10:20] {ese} out remaining 1/2 .04 +.04

[10:21] {ese} wanted more from second 1/2 but thought i would ldo it as straight up scalp

[10:21] {Threei} probably good idea

[10:21] {ese} in this mrkt for sure

[10:22] {Threei} you are 15 cents late vs optimal entry, and market is running out of gas earlier than usual today

[10:22] {Threei} too easy to run into stall or drop

[10:24] {ese} ya wish i had caught your call soon enough

[10:25] {_jfjf64} vxx

[10:26] {dino} iclr sm l .50

[10:29] {Threei} AIG

[10:29] {Threei} should be bounce-ready soon

[10:30] {ese} L brcm sm 500 .04

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

[10:30] {Threei} - NYSE volume 245M shares, about even to its three-month average; decliners lead advancers by 10.2:1.

[10:30] {Threei} - NASDAQ volume 550M shares, about 9% above its three-month average; decliners lead advancers by 4.7:1.

[10:30] {Threei} - VIX index +10.5% to just over 22.00

[10:30] {ese} i have this feeling brcm is going to steadily climb today

[10:40] {ese} hmmmmmm how did i miss that uaua move.......

[10:45] {nemo} kss

[10:49] {dino} scanners green

[10:51] {ese} man thats weird dino.....mine turned green at the same time your s did

[10:55] {ese} now whats really wierd is that i didn't get a slap from nemo on that last poor attempt of a joke

[10:55] {dino} still green

[10:55] {ese} lol

[10:57] {Threei} market is locked

[10:57] {Threei} period of morning activity becames shorter

[10:58] {_jfjf64} so what we do know

[10:58] {Threei} approach is still "get your trades early"

[10:58] {fernp} AIG c&h

[10:58] {Threei} then wait for something extraordinary to happen,

[10:58] {Threei} but dismiss "usual" trades

[10:58] {Les} tis a pity, cause I'm determined to follow only your calls now. sick of forcing losing trades

[10:58] {_jfjf64} nothin wrong with that

[10:58] {Threei} and whatever you find, go for a scalp

[10:59] {Threei} don't iversit anything

[10:59] {Threei} oversit

[11:02] {Threei} who watched hockey yesterday?

[11:02] {billyc} i did

[11:02] {Threei} wasn't it a beautiful game

[11:02] {billyc} it was awesome

[11:03] {larisa} it was not a game :) just one team on ice

[11:03] {billyc} they shut #8 down

[11:03] {Threei} where was the other team larisa?? :)

[11:03] {larisa} who knows

[11:04] {Threei} that was "Canada, Unhindged"

[11:04] {larisa} but we will have Sochi. Just 4 more years :)

[11:09] {larisa} it will be funny though if Slovakiya will beat Canada :)

[11:09] {fernp} INTC if breaks lod, Vad?

[11:10] {Les} fcx slw popping

[11:10] {Threei} I doubt it fern

[11:11] {fernp} ok

[11:11] {strider} BIG

[11:15] {strider} VZ

[11:17] {Threei} Spot gold firms on chatter that China has stated interest in buying next scheduled rould of IMF gold sales

[11:17] {Threei} - source is an English language Russian news website citing Russia's Interfax as stating China

[11:17] {Threei} ***Reminder: India Central Bank has previously indicated interest in the second leg of IMF gold sales. On 02/17/2010 the IMF said it will shortly begin market sales for remaining 191 tons of gold; To start selling up to $7B of gold to market

[11:17] {Threei} this is beyond weird

[11:18] {Threei} if I am China, and I want to buy IMF gold, why on Earth would I want to announce that?

[11:18] {Threei} to trigger frontrunning and get higher price?

[11:19] {ese} someone explain that to me......am not gold follower so what are the implications

[11:19] {Threei} and isn't the source bizarre:

[11:19] {Threei} English language Russian news website citing Russia's Interfax as stating China

[11:20] {Threei} - Note: On 2/23 the China gold association commented that China would not purchase IMF gold as it may upset the markets; would continue purchasing gold mines internationally in efforts to grow gold reserves

[11:23] {Threei} US) Fed's Bernanke: China's USD reserves have not changed significantly; is still acquiring US treasuries - Q&A

[11:23] {Threei} - sees China currency peg as an issue

[11:28] {strider} PALM inverse c&h, downgrade

[11:29] {Threei} watching BRCM for bounce scalp

[11:29] {Threei} .65 support

[11:30] {Threei} ideally, dive to .70, maybe a cent or two under, then recross

[11:30] {Threei} watch market too, don't buy into sheer selling

[11:31] {Threei} Pelosi Says No Time for Starting Health Care Bill Anew, Americans Need Bill Now

[11:32] {Threei} wait for me, I'll go puke

[11:35] {Threei} if BRCM never loses .70 and market reverses, .75 break is the play although it won't be my preferred setup

[11:42] {nemo} no energy in brcm

[11:42] {nemo} scary, those bollinger bands tightening

[11:42] {Threei} then bounce is more likely

[11:42] {nemo} boots please

[11:42] {nemo} steel toe preferably

06[11:43] * Threei kicks BRCM in the rear with steel toe heavy duty army boots

[11:43] {nemo} ty

[11:44] {nemo} got a little bounce

06[11:44] * Threei repeatedly kicks BRCM in the rear with steel toe heavy duty army boots

[11:47] {Threei} did I confuse front and rear?

[11:49] {Threei} BRCM neds to wear a broch

[11:49] {nemo} a what?

[11:50] {Threei} brooch?

[11:51] {nemo} now we're into lunchtime

[11:52] {dino} good i'm hungry

[11:54] {Threei} no go

[11:54] {fernp} stopped

[11:54] {Threei} knew I didn't like it

[11:54] {nemo} jumpe my stop

[11:55] {nemo} tight range day lunch time break yeah

[12:00] {larisa} freaking TSL 3$ bounce

[12:03] {dino} zzzzzzzzzzzzzzz

[12:11] {Threei} one thing I never found guts to call long facing market selkkloff was XNPT

[12:11] {Threei} 8 break was very tempting

[12:11] {nemo} xnpt

[12:12] {nemo} fcx closed gap

[12:20] {Threei} CLNE

[12:20] {Threei} Clean Energy Fuels CEO: Very optimistic Congress will pass the Natural Gas Act after recent meeting with Senators - CNBC interview

[12:28] {ese} L jaso .86

[12:28] {ese} .8675 to be exact

[12:29] {nemo} musicians

[12:29] {nemo} slb crowding the highs

[12:33] {Les} from dino's remarks I assume we're on the sidelines...

[12:33] {Les} zzzzzzzzzzzzzzzzzz

[12:34] {ese} good thing i didn't put down the last 4 numbers......nemo would reallly have my hide then

[12:34] {nemo} how can he talk when he's asleep?

[12:34] {Les} how can you talk without thinking? :)

[12:34] {nemo} what, do stochastic calculus in your head, ese

[12:35] {nemo} you bring it out in me Les!

[12:35] {ese} out jaso .94 +.07 and a bit....nice little 4k hit

[12:36] {ese} have tried in the past.....but it just hurts the brain too much so I decided to quit

[12:37] {ese} brcm finally coming around

[12:37] {nemo} Les...I rarely engage my brain before putting my mouth into gear...

[12:39] {Les} PALM ain't the big mover, but I like the selling volume going into lunch

[12:40] {nemo} brcm should go to .85

[12:40] {ese} by the way....don't try a jaso like that at home........to thin really no entry signal......just got a little bored

[12:42] {ese} hmmmm not thin anymore though

[12:46] {nemo} wfmi just broke 2 day resistance

[12:50] {ese} intra day resistance nemo? My charts say no highs hae been broken

[12:51] {ese} tht would have been a good one too

[12:52] {nemo} if you look at the 5 minute from yesterday, except for the wile. e. coyote tail around 10:50 yesterday, it flirted with the .75 level dropped, came back to it this afternoon

[12:52] {ese} am still long 500shs brcm

[12:52] {dino} all green

[12:54] {nemo} ese, check your inbox

[12:57] {dino} don't do it

[12:57] {nemo} shut up dino

[12:57] {nemo} I got a nice virus tucked in there...

[12:57] {dino} ouch

[12:58] {ese} will do

[12:59] {ese} wow thats a terrific chart....tks for that info

[12:59] {nemo} I flipped on it just as it broke, didn't have time to process

[12:59] {ese} do you subscribe to that service or just do the free thing

[12:59] {nemo} free

[13:00] {nemo} freestockcharts.com

[13:02] {Les} come on Nemo, cough it up

[13:02] {nemo} cough up what ya' sheila

[13:02] {Les} your phantasmical chart

[13:02] {nemo} it's nothing you don't see everyday dude

[13:03] {nemo} just look at the wfmi at the .75 level over the last two days

[13:03] {nemo} see the resistance

[13:03] {nemo} I don't necessarily count the wicks if there's only one or two

[13:03] {nemo} wile e. coyote moments

[13:04] {nemo} they run off the cliff...realize it...and scamper back

[13:04] {ese} I like that wile e coyote visual......

[13:05] {nemo} yeah the Oh, S_ _ _! moment

[13:06] {nemo} wow gold

[13:07] {fernp} LYV any read, Vad?

[13:07] {nemo} Love You Vad?

[13:07] {nemo} whoa...fern

[13:08] {fernp} lol

[13:08] {nemo} Ya lo creo!

[13:08] {Threei} I can't answer fern... I need 5-10 min to come out of a blackpout

[13:09] {Threei} blackout

[13:09] {nemo} ?

[13:09] {fernp} ahh!,, ok

[13:09] {ese} vad has to just look at us somedays and just shake his head....don't ya think

[13:09] {nemo} pot calling the kettle "black"

[13:09] {Threei} ese, that's nothing... much more disturbing is the fact that I feel right at home...

[13:10] {ese} lol

[13:10] {Threei} and no fern... not likeing that very much

[13:10] {fernp} ty

[13:14] {nemo} db on fas?

[13:14] {Threei} 50/50

[13:14] {nemo} trend resistance?

[13:16] {Les} PALM for a 5 cent scalp. a sleeper, that one

[13:17] {Les} brcm .80 b/d?

[13:17] {Les} type 1 scalp. right up ese's tree

[13:17] {Threei} those are all standard setups

[13:18] {Threei} none of them is really readable when the market stalls like this

[13:18] {Threei} you can go for any of them if tou are confortable with risk

[13:18] {Les} ok

[13:24] {ese} was in the washroom.......i'm still long brcm vad at .04.....content to just watch it

[13:25] {ese} although??????

[13:26] {Threei} hmmm

[13:26] {Les} AIG for a conventional 6 cents - 28 b/d

[13:27] {Threei} don't know what to say ese, it's not scalping anymore, if you are still holding from .04

[13:28] {Threei} good one

[13:28] {ese} those 500 shs are a day trade...... definitely not a scalp.....

[13:28] {Les} damn watching the simpsons. look at AIG go!

[13:29] {Threei} sheesh

[13:29] {Les} holy &%it

[13:29] {Threei} you are kidding

[13:29] {Threei} you mentioned the play, I took it - and you didn't?

[13:29] {Les} lol somebody kick me

[13:29] {ese} my day trade?

[13:29] {Threei} no, les

[13:29] {Les} hahaha

[13:29] {Threei} it's about to trigger and you are watching cartoon instead?

06[13:30] * Threei unholsters his Mauser circa 1917

[13:31] {Les} sorry, promised the kids a little tv before dinner. on the comp next to me.

[13:31] {Les} something has to change here

[13:31] {Threei} what was that sign? no Les no more?

[13:31] {nemo} ask Raven

[13:32] {Threei} http://realitytrader.com/vad/LES.JPG

[13:32] {nemo} one could only hope

[13:32] {Les} where did you get out Vad?

[13:32] {Threei} .84

[13:33] {Threei} .98 entry

[13:33] {Les} too glad to help

[13:33] {Les} another b/d coming?

[13:33] {Threei} CNBC's Liesman: Fed is looking at whether banks followed supervisory guidance in dealing with various countries' debt including Greece

[13:33] {Threei} - Reminder: earlier Bernanke commented that the Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms

[13:33] {Threei} completely different chart now

[13:34] {Threei} that one was beasutiful DBI

[13:34] {Threei} this is who knows what... maybe double bottomn

[13:34] {Threei} CH) 15 US Senators have reportedly requested the Commerce Dept investigate whether the China peg is considered an 'illegal subsidy'

[13:35] {nemo} .75 pivot next support .60

[13:55] {strider} kv.a halted.

[13:56] {dino} rally

[13:56] {strider} I know you guys are disappointed.

[13:56] {fernp} LYV 1:1 nemo

[13:56] {Threei} very strider... kva is our favorite

[13:56] {strider} that's kv dot a.

[13:56] {ese} gotta go all........may be back in 1 1/2 hrs.....if not see you tomorrow

[13:57] {billyc} cya

[13:57] {nemo} day will probably end up about 80 points down yesterday 80 or so up day before 80 or so down...etc

[13:58] {Threei} take care ese

[13:58] {nemo} spy shoul get at least to 110.20

[13:59] {Threei} TM May miss North America production target by 20% - Nikkei (73.87, -0.46, -0.62%)

[14:00] {Threei} (US) Fed's Bullard: Concerned that labor market has not improved yet; Federal deficit is also a big concern; credit markets have not yet returned to normal - Q&A

[14:00] {Threei} - there is a risk for inflation in the 2-5 year time frame

[14:00] {Threei} - Fed would be required to raise rates if inflation was unhinged as it would be the priority

[14:05] {dino} all dayer out iclr .90, +.40

[14:05] {Threei} wtg

[14:05] {dino} all dayer out cfi .43, +.68

[14:05] {dino} ty

[14:05] {strider} AAPL, rumour of 4:1 split

[14:05] {Threei} double wtg

[14:15] {Les} x .80 b/d

[14:15] {Les} ?

[14:15] {Threei} nah

[14:16] {Les} ah right full day chart says otherwise

[14:20] {Threei} SEC looking into "potential abuses and destabilizing effects" of Credit Default Swaps (CDS)

[14:20] {Threei} - will not comment on whether it is probing Goldman over its role in assisting Greece on derivatives deals.

[14:20] {Les} they're what, 5 years too late to be looking into potential problems now

[14:21] {nemo} so whaddya' think, bunch of bull flags

[14:21] {nemo} ?

[14:21] {dino} swm sm l .13

[14:22] {nemo} stop dino

[14:23] {strider} you can't stop dino.

[14:23] {Threei} lol

[14:23] {nemo} oy vay

[14:25] {Les} Dino might be a bit old for this, but Nemo just made me think of this song.

[14:25] {Les} http://www.youtube.com/watch?v=2c4L4CPfQY8

[14:25] {dino} good one

[14:26] {nemo} scary...i remember that

[14:26] {nemo} not on my ipod...that's for sure

[14:26] {Les} oh don't get me wrong, I'm just as jealous as others here dino...

[14:26] {nemo} then again...I don't have one

[14:27] {nemo} so, fas forming a little inverted H&S

[14:27] {nemo} ?

[14:28] {strider} the operative word is 'little'

[14:28] {larisa} I feel adventurous.. -150 closing ? :)

[14:28] {Les} vxx .10 b/d?

[14:28] {Threei} -50

[14:28] {larisa} no way

[14:28] {nemo} yes, but if the R/W is good, it's all relative,,,look at ese's .04 plays

[14:28] {dino} +10 larisa

[14:28] {Threei} no les

[14:28] {nemo} yeah, even

[14:29] {nemo} no more

[14:29] {larisa} you guys know anyfing

[14:29] {Threei} NOW we are talking! all three traditional names are game, and bets are ranging all over

[14:29] {gregns} Les, b/d is breakdown?

[14:29] {strider} handle fell off the cup,, nemo.

[14:29] {Threei} larisa -150, dino +10, me -50

[14:30] {nemo} no, that was the shoulder...

[14:30] {Les} yeh greg

[14:30] {gregns} ty

[14:30] {Les} b/o being breakout

[14:30] {Les} lol Vad you're not going to believe me

[14:30] {Threei} and b/e being breakeven

[14:30] {gregns} and bs ?

[14:30] {strider} As in

[14:30] {nemo} and DB being.....

[14:30] {strider} 'I just wanta b/e

[14:31] {nemo} .....Les

[14:31] {Threei} as in "trail stop to be"

[14:31] {Les} I somehow managed to watch the simpsons

[14:31] {Les} short aig .99

[14:31] {Les} and just realised I had an open position

[14:31] {Les} somebody shoot me

[14:31] {Threei} well, you do live dangerously

[14:31] {Les} out +.14

[14:32] {nemo} love to

[14:32] {Les} speaking of aig

[14:32] {strider} Hey, we got it in writing, nemo.

[14:32] {nemo} got what

[14:32] {strider} [14:31] {Les} somebody shoot me

[14:32] {larisa} lol

[14:32] {nemo} oh wrong window

[14:32] {Les} what we got here, is a failure to communicate

[14:32] {nemo} I was dccing

[14:32] {Les} what movie?

[14:32] {nemo} thanks Strother Martin to Paul Newman

[14:33] {Les} wow didn't know Martin's name

[14:33] {Les} you are a movieholic nemo

[14:33] {nemo} it ain't rocket science les

[14:33] {nemo} no

[14:34] {nemo} he was a character actor on TV in the 60-70's he was all over the place

[14:34] {Les} how old did you say you are?

[14:35] {nemo} Vad's age

[14:35] {Threei} 04?

[14:35] {Threei} 94

[14:35] {nemo} more or Les

[14:36] {nemo} brcm might be readlying for a break

[14:38] {patience} .

[14:38] {nemo} don't you start

[14:39] {Les} aig

[14:40] {_jfjf64} miss anythin guys

[14:40] {Les} just me screwing up again

[14:40] {nemo} do nervous breakdowns count?

[14:40] {_jfjf64} thats not good

[14:41] {Les} well it was a profitable screw up, but not to be repeated

[14:41] {_jfjf64} the best kind

[14:41] {Threei} also, we tried to shoot him, jef,

[14:41] {Threei} he didn't object and even insisted

[14:42] {Threei} and here is the end result:

[14:42] {Threei} http://realitytrader.com/vad/LES.JPG

[14:42] {nemo} Here's one for you Les "They Shoot Horses, Don't they." who said that?

[14:43] {Threei} tired horses

[14:43] {Threei} mo?

[14:43] {Threei} no

[14:43] {strider} Jane Fonda

[14:43] {Les} who is she?

[14:43] {nemo} that's who got shot

[14:43] {strider} Her brother is Captain America.

[14:43] {Threei} hmmm

[14:44] {strider} He got shot also.

[14:44] {Threei} it was "tired horses" in russian translation

[14:44] {nemo} Michael Sarrazin

[14:44] {Les} I remember her spunky little niece or daughter or whatever - Brigitte Fonda I think

[14:44] {strider} Who translated that?

[14:44] {strider} That's Peter's daughter.

[14:44] {Les} really?

[14:44] {strider} aka Captain America.

[14:45] {strider} yes

[14:45] {nemo} wfmi might be ready to break again

[14:45] {Les} only learnt of Peter Fonda in recent film studies at uni - easy riders was cool film

[14:46] {larisa} jane fonda aerobic queen :)

[14:46] {nemo} she was actually quite uncoordinated

[14:46] {larisa} from 70 or 80s ? not sure :)

[14:46] {_jfjf64} nemo

[14:47] {_jfjf64} funny stuff

[14:48] {nemo} aerobics really got going early 80's in california

[14:48] {larisa} and Russia

[14:48] {nemo} indexes look like they're reay to go north

[14:48] {nemo} and there goes wfmi

[14:49] {nemo} funny "aerobic" anecdote

[14:49] {nemo} I was doing some work at Reebok in the mid 80's

[14:49] {nemo} Angel Martinez was in charge of marketing

[14:49] {nemo} He told me the story of how Reebok designed a shoe for aerobics...which kicked off the company

[14:50] {Les} Vad, AIG b/d here .70?

[14:50] {nemo} He told Paul Fireman, the CEO his wife was doing this thing called aerobics out in california that was growing like wildfire

[14:50] {Threei} probably

[14:50] {nemo} alright, I'm out of here P&Q

[14:51] {Threei} I thought he was in the middle of the story?

[14:51] {Les} needed to take his medication?

[14:52] {Threei} hurricane finally came about?

[14:52] {larisa} les interrupted him with trading stuff and he got offended :)

[14:52] {Les} time to submit himself to parole officer?

[14:52] {Threei} no, I am giving him notes for that

[14:53] {Threei} "dear parole officer, nemo is going to be late today for his curfrew, asian markets trading, ya know"

[14:53] {strider} Asia.....he's not even supposed to leave the state.

[14:56] {fernp} Good evening everybody. see u tomorrow

[14:56] {Threei} take care fern

[14:56] {Les} ciao

[14:56] {billyc} cya fern

[14:57] {dino} cya fern

[14:58] {dino} about 12" more of snow, still falling

[14:58] {Threei} sheesh

[14:58] {larisa} what a February

[14:58] {dino} 15 to 24 forecast

[14:58] {dino} 12" tuesday night

[15:08] {dino} only 84 pts to go

[15:10] {larisa} agreed, but south :)

[15:11] {Threei} only 19 for my target

[15:18] {Threei} still no play ro finish the day with

[15:18] {Les} NVDA

[15:22] {Threei} White House affirms support of "Volcker Rule"; CFPA must be able to set and enforce regulations

[15:32] {Les} TM .70 b/d?

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

[15:32] {Threei} - NYSE volume 820M shares, about 2% above its three-month average; decliners lead advancers by 1.6:1.

[15:32] {Threei} - NASDAQ volume 1.89B shares, about 8% above its three-month average; decliners lead advancers by 1.9:1.

[15:32] {Threei} - VIX index +1.5% to just under 20.50

[15:32] {Threei} no les

[15:32] {strider} What can I do, personally, as a good American, to....

[15:33] {strider} increase the volatility of the market?

[15:33] {strider} I wanta help.

[15:34] {Threei} 8 points to my target

[15:35] {Threei} notice the volume formation over days

[15:36] {Threei} increase on red days, decrease on green

[15:37] {Les} today's dip looks like its being bought on volume though?

[15:37] {Threei} picked up second half of the day, yes

[15:40] {Threei} (US) Fed's Fisher: Cannot be specific on the timing of a rate increase; will remain low for extended period

[15:40] {Threei} - sees uncertainty holding the economy back

[15:40] {Threei} - unemployment wil remain 'uncomfortably high' for some time

[15:40] {Les} x

[15:40] {Les} bull flag?

[15:41] {Threei} it's at the high already

[15:41] {Threei} so in retrospect, yes, it was

[15:41] {ese} howdy all made it back for a few minutes

[15:42] {Threei} 4 points

[15:42] {dino} out swm .50 +.37

[15:43] {dino} slow day only 3 trades for me

[15:43] {dino} ndx green

[15:44] {Threei} ok... now don't rush too much, market

[15:44] {Threei} sit right here

[15:44] {Threei} and beer is mine

[15:44] {larisa} beer is bad for you

[15:44] {dino} maybe so

[15:44] {Threei} so is bacon and women

[15:45] {dino} but i love them both

[15:45] {Threei} there

[15:46] {Les} Gaddafi calls for jihad against Switzerland

[15:46] {Les} who needs FBI when we have Gaddafi?

[15:46] {Threei} what did you do to him?

[15:47] {billyc} gn all see you in the am

[15:47] {Threei} take care billy

[15:47] {Les} arrested one of his sons

[15:47] {Les} ciao billy

[15:50] {Threei} X Worst of the economic downturn is behind us (53.25, +1.13, 2.17%)

[15:50] {dino} cya bc

[15:50] {Threei} market said OK and sold X

[15:51] {dino} well, pretty much done. slow but profittable

[15:52] {dino} time to shovel the snow

[15:52] {Threei} yup, 4 for 5

[15:52] {dino} take care all

[15:52] {larisa} bye dino

[15:52] {Threei} you concede beer dino?

[15:52] {dino} ;)

[15:52] {Les} ciao dino

[15:53] {dino} thx all

[15:53] {Threei} see you tomorrow, drive safelyu

[15:57] {Threei} ojay guys, thank you all, have a good evening

[15:57] {Threei} east coasters, stay safe

[15:57] {Threei} see you tomorrow

[15:57] {larisa} bye all

[15:57] {Les} ok ciao

[15:57] {Threei} karisa

[15:57] {Threei} -51

[15:57] {Threei} larisa, sorry

[15:58] {Threei} how's that for precision?

[15:58] {larisa} I have -60

[15:58] {Threei} while I typed

[15:58] {Threei} moves back to 50

[15:59] {larisa} you played it safe, does not count

[15:59] {Threei} hmmm

[15:59] {Threei} I should be calling like -400 for it to count?

[15:59] {Threei} -50

[16:00] {larisa} gj :)

[16:00] {Threei} how about that?

[16:00] {Threei} :)

[16:01] {Threei} [CROX] Reports Q4 $0.04 v -$0.13e, R$136M v $117Me

[16:01] {Threei} - Guides Q1 $0.00 v -$0.01e, R$155-160M v $148Me