Mar 02 2010

Nice first half of the day, mostly dead afternoon - just another day in the office. SQNM, AIG, SEED, SPLS were among notable movers.

Session Time: Tue Mar 02 00:00:00 2010

[07:19] {_jfjf64} mornin

[07:37] {Threei} CRAY Custom Engineering Group to Work With Microsoft Research on Cloud Computing

[07:37] {Threei} CRAY today announced its custom engineering group will work with Microsoft Research to explore and prototype a system that could provide a glimpse into the future of cloud computing infrastructure. The initiative represents the custom engineering group's first breakthrough into the commercial market.

[07:37] {Threei} - The objective of the technology development initiative is to design a supercomputing architecture that dramatically lowers the total cost of ownership for cloud computing data centers. Cray's custom engineering group will design a system infrastructure that combines super efficient power delivery, high-density packaging and innovative cooling technologies. This solution is intended to significantly reduce facility, power and hardware costs.

[08:16] {Threei} Dendreon Corp Hearing Favus Institutional Research making cautious comments (timing uncertain)

[08:16] {Threei} - Note: DNDN management will present at the 12th Annual BIO CEO and Investor Conference in New York City on Tuesday, February 9, 2010 at 2:00 p.m. E.T.

[08:30] {Threei} GR) Greek govt spokesman: Greece to announce austerity measures tomorrow

[08:30] {Threei} finally.. suspense is killing me

[08:30] {nemo} sounds like a vaseline shortage coming

[08:45] {Threei} Tuesday, March 02, 2010 8:44:46 AM

[08:45] {Threei} Preview: Feb US Vehicle Sales numbers expected throughout the day from major auto makers

[08:45] {Threei} **consensus estimates y/y:

[08:45] {Threei} - Ford (Noon ET): +33%

[08:45] {Threei} - GM (09:45ET): +20%

[08:45] {Threei} - Chrysler: -18%

[08:45] {Threei} - Toyota: -10%

[08:45] {Threei} - Honda: +24%

[08:45] {Threei} - Nissan: +38%

[08:45] {Threei} {--- proud to contribute to Nissan's success

[08:54] {Threei} DNDN Hearing Deutsche Bank making positive comments (timing uncertain) (32.51, 0.00, 0.00%)

[08:58] {dino} gm all

[08:59] {Threei} dino :)

[09:01] {Les} hi dino, vad

[09:01] {Threei} les :)

[09:01] {nemo} haroo

[09:01] {_jfjf64} mornin my trading family

[09:02] {Les} hi mom

[09:02] {Threei} jf :)

[09:02] {nemo} mmmhhhh...shall we call Les Oed

[09:02] {_jfjf64} les is funny guy

[09:02] {_jfjf64} lol

[09:03] {Les} Nemo brings the worst out of me jf

[09:03] {nemo} Yeah...it's my fault

[09:03] {nemo} my ex said it was my fault she gained weight...go figure

[09:03] {Threei} nemo does that to people

[09:04] {Threei} I distinctly rwemember the boat where he brought the alcoholic out of me

[09:04] {nemo} actually I'm very good at helping people's souls transition to their next incarnation

[09:04] {Raven} cough

[09:04] {Threei} lol

[09:05] {fernp} Good morning everybody

[09:05] {Threei} fern :)

[09:06] {billyc} gm all

[09:06] {Threei} billy :)

[09:06] {billyc} vad

[09:07] {Threei} DNDN's active and volatile this morning

[09:09] {ese} good morning

[09:09] {Threei} ese :)

[09:09] {billyc} ese

[09:09] {Les} ese, billy

[09:10] {Les} fern

[09:10] {billyc} les

[09:10] {Les} and even a good morning to Raven, who is always as quiet as a ....

[09:10] {Les} Raven?

[09:11] {ese} les...billy

[09:11] {Les} a mouse?

[09:11] {Les} a serious trader? (unlike myself)

[09:12] {Les} I'll shut up now

[09:12] {nemo} that should last about 30 seconds

[09:13] {Raven} mourn to you Les

[09:13] {Les} morning, or mourning?

[09:13] {Raven} yes

[09:13] {nemo} wow, lasted 1 minute

[09:14] {billyc} lol

[09:14] {Threei} improved self-control, ya know

[09:14] {nemo} better than me

[09:15] {Threei} SQNM Cantor Fitzgerald Raised SQNM to Buy from Hold, price target: $16

[09:15] {Threei} wow

[09:15] {Threei} sweet target

[09:16] {ese} ya.....but can it get there

[09:17] {Threei} no but can be scalped on the way

[09:19] {ese} indeed

[09:20] {larisa} gm :)

[09:20] {Threei} larisa :)

[09:21] {larisa} vad :)

[09:22] {Les} hi larisa. SQNM going for gold...

[09:23] {larisa} les :)

[09:24] {lasertrev} morning

[09:24] {Threei} trev :)

[09:25] {ese} laris LT

[09:25] {billyc} trevor larisa

[09:25] {lasertrev} hi:)

[09:27] {ese} what do you make of dndn this morning vad

[09:28] {ese} was thinkin .60 break but it's far exceeded that

[09:28] {Threei} will be a widowmaker

[09:28] {ese} gotcha

[09:28] {Threei} presentation on March 9,

[09:28] {nemo} mon popping

[09:28] {Threei} one downgrade and one upgrade

[09:29] {ese} thats the term they used for russian sailors who were on submarines wasn't it?

[09:29] {ese} widow maker

[09:29] {Les} .75 break on sqnm?

[09:29] {Threei} I'd prefer pullback, but who knows, hot thing

[09:32] {Threei} pullback is coming

[09:32] {Threei} let's see if we get 7.70 or so

[09:32] {Threei} ideally would be entry near .70 with stop under .60

[09:33] {Threei} keep half lot ready

[09:33] {Threei} will be awfully fast when bottoming

[09:33] {nemo} MAGS!

[09:34] {magoo} HEY

06[09:34] * Threei slaps magoo around a bit with a large "WHERE HAVE YOU BEEN!" banner

[09:34] {magoo} i needed a break, but im back now

[09:34] {Threei} finally

[09:34] {magoo} first break since i joined

[09:34] {Les} no more snow to shovel?

[09:35] {Threei} get ready guys

[09:35] {Threei} here comes last leg of pullback

[09:35] {Threei} fast players only

[09:35] {magoo} which one?

[09:35] {Threei} SQNM

[09:35] {nemo} sqnm

[09:35] {magoo} ty

[09:36] {Threei} not yet

[09:36] {Threei} AIG btw

[09:37] {magoo} yea

[09:37] {Threei} keep half lot ready as well

[09:37] {Threei} not ready either, just ruined double bottom setup

[09:37] {Threei} well, SQNM

[09:38] {Threei} .90 break...

[09:38] {Threei} less athusiastic about it

[09:38] {Threei} would still prefer deeper pullback

[09:38] {Threei} but if holding .80 and breaks .90, valid play

[09:39] {Threei} 1:1

[09:39] {_jfjf64} ty

[09:39] {Threei} yw

[09:39] {fernp} ty Vad

[09:39] {Threei} just a scalp

[09:39] {billyc} thanks

[09:39] {ese} MMMMAAAAAGGGGGGGSSSSSSSS!!!!!!!!!

[09:39] {Threei} not enough pullback for me to risk for more

[09:39] {magoo} ty vad

[09:40] {magoo} 03 out

[09:40] {Les} aig

[09:40] {magoo} ES:)

[09:40] {Threei} welcome sir - consider it my greeting for you

[09:40] {Threei} crap, missed AIG

[09:40] {magoo} you know i want much more right lol

[09:40] {Threei} but of course

[09:40] {magoo} some things do NOT change

[09:40] {Threei} but let's start slowly

[09:40] {dino} gj

[09:40] {magoo} watching AIG

[09:41] {Threei} was thinking of AIG .30 break, and couldn't decide

[09:41] {_jfjf64} magoo ya bring out best in vad

[09:41] {Threei} lol

[09:41] {Threei} ok, SQNM tries to turn into serious momo

[09:41] {Threei} let's try for entry un pullback under .10

[09:41] {Threei} as close to 8 as possible

[09:42] {Threei} AIG, entry around .35

[09:42] {Threei} half lot!

[09:42] {Threei} don't go xcrazy on size, these moves can be a killer

[09:43] {_jfjf64} ba

[09:44] {Threei} wow... SQNM not letting us in

[09:44] {nemo} aig has support at .45 too

[09:45] {Threei} I seriously hate to chase this kind

[09:45] {nemo} what sqnm?

[09:45] {Threei} they tend to reverse on you just when you give up on wasiting for pullback and hit buy

[09:45] {nemo} then let's find something else

[09:45] {Threei} AUG is getting there

[09:46] {Threei} General Motors Corp Reports Feb US Vehicle Sales +32% v +20%e; to 138K units

[09:46] {Threei} OK, AIG, first strength

[09:46] {Threei} stop under .20

[09:46] {Threei} in .33

[09:46] {nemo} oops

[09:48] {Threei} half lot, about 15 cents risk

[09:48] {magoo} in .29

[09:48] {Threei} looks good for try

[09:48] {Threei} if double bottom scenario works, should be fine for .60 at least

[09:48] {dino} rino

[09:49] {Threei} stopped

[09:49] {nemo} if aig loses low look for it to bounce at .10

[09:50] {Threei} I think lower nemo

[09:50] {nemo} i said bounce...could be on the way down the cliff though

[09:50] {Threei} SEED?

[09:51] {magoo} stop

[09:51] {Threei} no news that I see

[09:51] {ese} dino what do you think of spls

[09:52] {dino} on screen

[09:52] {dino} would like close to db on it

[09:52] {Threei} come on already SQNM

[09:53] {ese} tks

[09:54] {ese} mrkt slowly loosing life.......

[09:55] {dino} snda sm l .10

[09:56] {ese} nice dino

[09:57] {billyc} gj

[09:57] {dino} so far

[09:57] {dino} feels like yesterday

[09:57] {strider} long TM .07

[09:57] {Threei} Long Setup: ENER on pullback under .40

[09:57] {strider} long KO .35

[09:57] {Threei} stop under .35

[09:59] {magoo} SNDA nice dino

[09:59] {magoo} ou6t .54

[09:59] {dino} ty

[09:59] {Threei} wtg

[09:59] {Threei} AIG serious hit

[10:00] {dino} stop is .50

[10:00] {Threei} SEED again...

[10:01] {magoo} [09:42] {&Threei} AIG, entry around .35

[10:01] {magoo} [09:42] {&Threei} half lot!

[10:01] {magoo} [09:42] {&Threei} don't go xcrazy on size, these moves can be a killer

[10:01] {nemo} sqnm forming bull flag?

[10:01] {magoo} great example vad

[10:01] {Threei} oh yeah, you don't control risk on these ones, you are dead

[10:01] {dino} out +.42

[10:02] {Threei} I doubt it nemo

[10:02] {Threei} it's a momo mover

[10:02] {Threei} if it loses mojo, it's dead

[10:02] {ese} L qqqq .70

[10:02] {Threei} it needs nice pullback to reignite the passion

[10:04] {ese} stop .65

[10:05] {Threei} Long Setup: AIG .70 half lot

[10:05] {nemo} I've got a support line on aig at .50 for some reason

[10:06] {magoo} in

[10:06] {dino} spls es

[10:06] {Threei} DNDN FDA Spokesperson: DNDN is not expected to face FDA advisory panel

[10:06] {Threei} *** (31.95, -0.56, -1.72%)

[10:06] {Threei} hmm?

[10:07] {Threei} pre-approved??

[10:07] {Threei} feel free to take profit on AIG

[10:08] {Threei} 1:1

[10:08] {dino} cacc, thinny, wide

[10:08] {Threei} DNDN will eat shorts for breakfast now

[10:08] {ese} nice one boys....just wasn't fast enough

[10:08] {Threei} mags in fine shape despite sabbatical

[10:09] {Threei} if he gets this kind of lighteningly fast entries

[10:09] {ese} tks dino

[10:09] {Threei} can't call DNDN guys, this is not technical move at all

[10:09] {ese} thoughts?

[10:10] {Threei} pure momo

[10:10] {ese} spls

[10:10] {nemo} sqnm coming into support

[10:10] {Threei} here is full text, see if you can make sense of it:

[10:10] {Les} in dndn .51 out .80 ty vad

[10:10] {Threei} Dendreon Corp Reportedly FDA comments that DNDN will not have to go before another FDA advisory panel for Provenge; confirms FDA PDUFA action date is May 1

[10:10] {Threei} ***Note: Earlier today there was an analyst note that suggested that investors should sell DNDN.

[10:10] {dino} spls l .05

[10:10] {Threei} FDA PDUFA action date is May 1 _ I don't know what that means

[10:11] {dino} syke

[10:11] {dino} ntri

[10:11] {Threei} analyst that suggested sell this morning will spend next couple weeks in a godhouse I suppose

[10:11] {dino} ioc

[10:11] {nemo} ioc

[10:12] {Threei} SQNM slid where I wanted it to, but is too slow still... not ready for bounce

[10:12] {Threei} umm

[10:12] {nemo} helluva' stop on ioc

[10:12] {Threei} godhouse = doghouse

[10:12] {nemo} outhouse

[10:12] {Threei} lol

[10:12] {Les} ah. that sounds better

[10:12] {dino} huh? ioc, not in, watching

[10:12] {magoo} out aig .91

[10:12] {magoo} ty

[10:13] {nemo} understand, helluva stop on it where it is

[10:13] {Threei} welcome... don't oversit them mags

[10:13] {dino} ok

[10:13] {Threei} Fed's Hoenig: Reaffirms Fed should not guarantee markets an 'extended period' of low rates; longer rates 'will take care of themselves' - CNBC interview

[10:13] {Threei} - feels that the Fed cannot go to 1% interest rate without causing issues, but believes the economby is strong enought to digest a 1% fed funds rate when it gets there

[10:13] {Threei} - expecting growth at slightly more than 3%, which should help employment; Fed must become prepared to raise rates as "1% is not tight"

[10:13] {Threei} - Note: At the last meeting Hoenig dissented, seeking removal of 'extended period' language

[10:13] {dino} tighten spls to .99

[10:13] {dino} mt drop

[10:14] {nemo} big volume just came into ioc

[10:14] {dino} snda hitting yesterdays lod

[10:14] {Threei} ENER, a little more...

[10:14] {Threei} this is scalp type I play

[10:15] {Threei} ese's kind

[10:16] {larisa} should not type 1 have volume? or ese willl easy double the volume :)

[10:16] {ese} tks vad....just noticed...what are you thinkin

[10:16] {nemo} ioc just bolted

[10:16] {Threei} .35 support to placew stop under it, ese,

[10:17] {Threei} want long between .35 and .40, wherevr iot strengthens,

[10:17] {Threei} with exit around .45

[10:17] {Threei} lol larisa

[10:18] {Threei} it has a lot of liquidity

[10:18] {Threei} VXX,

[10:18] {Threei} watch for long entry around .40

[10:18] {nemo} wow, ioc buck in 3 minutes

[10:19] {Threei} udeally .35 even

[10:19] {dino} ntri l .25

[10:19] {Threei} SQNM played out from under .10

[10:19] {Threei} I didn't have enough conviction for a call

[10:20] {nemo} bounced right of 50 ma

[10:20] {dino} out ntri .42, +.17

[10:21] {dino} nemo, what the f# ioc?

[10:21] {nemo} yeah, gave no warning, just popped

[10:21] {dino} stopped spls -.06

[10:22] {nemo} ntri

[10:22] {nemo} sorry

[10:23] {Threei} SEED... what the deuce?

[10:23] {Threei} anyone see any news?

[10:23] {dino} stewie

[10:23] {Threei} this one doesn't really move without news normally

[10:23] {fernp} not news here, vad

[10:24] {Threei} AIG Fitch affirms BBB ratings on AIG, outlook developing; AIA placed on watch postiive (24.71, -1.07, -4.15%)

[10:28] {dino} thin sm l swm .86

[10:29] {Les} SPLS approaching lod

[10:29] {dino} db or death?

[10:29] {Les} waiting with bated breath

[10:30] {Threei} I'd label it as possible multiple try,

[10:30] {dino} spls l .88

[10:30] {Threei} .90 break with stop under .80 first attemot

[10:31] {_jfjf64} ???

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

[10:31] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.

[10:31] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.

[10:31] {Threei} - VIX index -0.75% to just over 19.00

[10:31] {Threei} jf?

[10:31] {dino} naz vol lately

[10:31] {Threei} Long Setup: SPLS .90 break if stays under .80, and be ready for multiple tries; don't touch it if you aren't

[10:32] {_jfjf64} ty

[10:32] {Threei} this way is easier? :)

[10:33] {dino} you just did not explain it obama

[10:33] {dino} :)

[10:33] {Threei} lol

[10:33] {Threei} meanie

[10:34] {dino} indeed

[10:34] {Les} snda

[10:35] {nemo} Long Setup: SPLS .90 break if stays under .80,

[10:35] {nemo} ???

[10:35] {nemo} you mean above .80 right?

[10:36] {dino} tough crowd today

[10:36] {Les} nemo is bored I think

[10:36] {Threei} sigh

[10:36] {nemo} no..not making any assumptions

[10:36] {Threei} yes

06[10:36] * magoo slaps nemo around a bit with a large trout

[10:36] {magoo} been awhile

06[10:36] * nemo bliss

[10:36] {dino} ntri bummer

[10:36] {Les} haha taste of your own medicine

[10:36] {magoo} felt good

[10:36] {Threei} lol

[10:36] {nemo} shut up les...Magoo's been trouting me for awhile

[10:37] {dino} swm going upstream

[10:37] {Threei} get a room you two

[10:37] {Les} I'm rooting for him cause I can't trout you

[10:39] {magoo} these two been bickering while i was away vad?

[10:39] {nemo} nah

[10:39] {Les} Nemo was lonely without you Mags

[10:39] {nemo} Les sticks his chin out...I whack it

[10:40] {dino} snda sm l .65

[10:41] {Threei} I don't know if bickering is right word mags...

[10:41] {Les} not sure if sqnm wants to bounce here

[10:41] {Threei} it's a kind of thing that ends either in murder or marriage

[10:42] {nemo} I prefer the former

[10:42] {Threei} don't you always

[10:42] {nemo} consistency

[10:42] {Threei} HIG Hearing strength attributed to renewed takeover chatter

[10:42] {Threei} - Rumors again mention that Allianz is interested party (25.12, +0.31, 1.25%)

[10:42] {magoo} in snda

[10:42] {ese} L seed .50

[10:43] {magoo} with dino

[10:44] {Les} ATHN

[10:44] {Threei} ese... look at ENER

[10:44] {Threei} did we miss it by just one cent?

[10:44] {dino} stop on snda is .43

[10:46] {Les} ooh yeh sqnm bounced

[10:46] {Threei} Long Setup: AIG .95

[10:46] {dino} rino animal

[10:46] {magoo} here goes snda

[10:47] {ese} yes we did.....nice move ever

[10:47] {ese} ener

[10:47] {Threei} AIG invalidated

[10:48] {magoo} aig might be worth shot near .50

[10:48] {Les} sqnm has gone momo again

[10:48] {Threei} yeah, fire's rekindled

[10:50] {nemo} spls respecting the trend line

[10:50] {magoo} waiting snda .94

[10:50] {dino} swm stuck to .79

[10:50] {Threei} SQNM is officially momo

[10:51] {Threei} can't read it by technicals

[10:51] {Les} thanks dino for snda. out +.15

[10:52] {Threei} SPLS looks ready for bigger move now

[10:52] {nemo} volume strating to come in

[10:52] {Threei} 1:1

[10:52] {dino} spl(at)s moving

[10:53] {Threei} half out for me here

[10:53] {Threei} +.14

[10:53] {dino} stop to .99

[10:53] {Threei} .89 for me :)

[10:53] {_jfjf64} nice ty

[10:53] {billyc} gj

[10:53] {Threei} welcome

[10:54] {dino} to .05

[10:54] {ese} somebody give seed a hoof with a steel toed boot

[10:54] {Les} out spls. another good day. dino's example helping me to tighten up the play on his setups

[10:54] {dino} out +.17 spls

[10:54] {dino} happy to help

[10:55] {Les} yesterday contrary. buying at top and selling at bottom

[10:55] {dino} i am just a stingy bas#rd

[10:55] {Les} stingy and lucky are good

[10:55] {ese} inglorius not doubt

[10:55] {_jfjf64} piss off les

[10:56] {dino} snda troubles me tighten to .49

[10:56] {Les} hehe

[10:56] {_jfjf64} lol

[10:56] {Threei} you inspire us to become stingier and bastardier dino

[10:56] {_jfjf64} pcx .15 break

[10:56] {dino} infamous i've been called

[10:56] {Les} you still got your head in those Mediterranean skirts jf?

[10:56] {_jfjf64} easy

[10:57] {Les} ooops clouds I meant

[10:57] {dino} lol

[10:57] {_jfjf64} vad ya lk pcx

[10:57] {Threei} chart I like

[10:57] {Threei} what I don;'t like is time of the day,

[10:57] {_jfjf64} 5min

[10:57] {Threei} this is about whn breakout cease to work lately

[10:58] {ese} I want seed to have one of dem dare 4 dalla up type days

[10:58] {nemo} so, that means they'll start working :)

06[10:59] * nemo slaps strider around a bit with a large set of harley saddle bags

[10:59] {dino} fade the faders fade huh

[11:00] {nemo} african swallow, or european?

[11:00] {_jfjf64} pcx

[11:01] {_jfjf64} 1/1

[11:01] {billyc} gj jf

[11:01] {Les} nice one. missed the .15 break i wanted

[11:01] {nemo} How's it feel to want?

[11:01] {_jfjf64} went in .14

[11:02] {Les} I just go and drink a beer and its forgotten nemo

[11:02] {nemo} nice

[11:02] {_jfjf64} les im beginning to lk ya

[11:02] {_jfjf64} nemo piss off

[11:02] {nemo} hehehe

[11:02] {_jfjf64} lol

[11:03] {dino} lol

[11:03] {Les} I can see the Bahamas beer party already. somewhere down the road...

[11:03] {_jfjf64} dinooooooooooooo

[11:03] {nemo} amzn riding support

[11:03] {Threei} just tell me when you all are going to Bahamas

[11:04] {Les} no

[11:04] {nemo} here comes the punch line

[11:04] {Threei} so I make sure to go to Alaska that week

[11:04] {billyc} i live 30 mintues from there

[11:04] {nemo} ese...rim shot

[11:04] {nemo} alaska billy?

[11:04] {magoo} yea..me and vad are heading north

[11:04] {billyc} too cold

[11:04] {dino} stop snda -.16

[11:04] {magoo} out

[11:04] {ese} ba dap bap!

[11:04] {nemo} I'll send my evil twin

[11:04] {nemo} ty ese

[11:05] {Threei} and you haven't attended our Freeport seminar Billy...

[11:05] {ese} rim shot a little late ....better late than never

[11:05] {nemo} mmmhhh...fcx setting up short?

[11:05] {billyc} i will next time

[11:06] {Threei} PCX explosion

[11:06] {dino} maybe me too

[11:06] {Threei} nice find jf

[11:06] {_jfjf64} thats what i do

[11:06] {Threei} slideshow of this last one is still in the making...

[11:07] {Threei} previous one is at http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[11:07] {nemo} that's back when my hair was short...

[11:07] {Threei} look it and tell me isn't it fun

[11:07] {nemo} bill does 1st class

[11:07] {Threei} tax deductible funm too

[11:09] {Threei} SEED woprks for you ese

[11:10] {Threei} lol... look at SPLS 1 min and compare spike tming qwith:

[11:10] {Threei} [10:52] {Threei} SPLS looks ready for bigger move now

[11:11] {dino} gj jf pcx

[11:11] {ese} out 1/2 seed .92 +.42 balance to break even

[11:11] {Threei} wtg

[11:11] {dino} wtg

[11:11] {dino} puk l .50

[11:12] {Threei} OK

[11:12] {Threei} let's try to find VXX entry

[11:12] {dino} higher low spls

[11:12] {ese} nahhhh for get it balance out .94 +.44

[11:12] {Threei} why not

[11:13] {ese} 12k of seed makes for a nice day

[11:13] {Threei} 45 cents is nothing to sneeze at

[11:13] {ese} nope

[11:13] {Threei} and at 12K lot it's nothing to even squint at

[11:13] {ese} indeed

[11:14] {dino} then i correct my wtg to wtfg

[11:14] {Threei} if I weren't that stingy and called ENER at .41, you'd take about 39K there, and pretty much feel set for the next two-three hours, expenses wise

[11:14] {ese} i'll take that wtfg

06[11:15] * magoo slaps ese around a bit with a large trout

[11:16] {ese} agady agady......

[11:16] {Threei} ese speaks martian...

[11:16] {ese} seed comes dn just as hard as it goes up

[11:17] {Threei} Long Setup: VXX .35 break

[11:17] {ese} thats from bugs bunny when one of the characters gets slapped a little

[11:17] {dino} tuck em in bugs

[11:17] {fernp} stop under .28?

[11:18] {Threei} for now, yes

[11:18] {fernp} ty

[11:19] {Threei} wanted to suggest modification and get .30 break, and was too late

[11:20] {Threei} that would be sweet entry, 3 cents stop

[11:21] {nemo} amzn downward wedge

[11:22] {dino} is that like downward dog

[11:23] {nemo} ?

[11:23] {Threei} rofl

[11:24] {ese} Laig .86

[11:25] {ese} out aig .96 +.10

[11:25] {ese} this is how work was meant to be

[11:25] {Les} sqnm possible support here

[11:26] {fernp} stopped VXX

[11:28] {Les} SNDA at 39

[11:28] {dino} watching it, need nemo for support line

[11:29] {Les} pivot support at 38.49

[11:29] {dino} i show 37.20, but thats a ways

[11:30] {dino} spls lod

[11:35] {Les} fcx bounce

[11:36] {dino} going for hod's

[11:36] {Threei} all such breaks in recent weeks failed

[11:37] {Threei} not spectacularly, just stalled... but enough to get any brewakout play stopped

[11:38] {Threei} not biting

[11:39] {dino} here it comes

[11:42] {dino} hmmm

[11:45] {Les} covering sqnm +.10

[11:45] {Les} vad, other day you said your intraday BB charts were set differently to daily charts

[11:45] {Threei} yes

[11:45] {Les} what was your intraday settings?

[11:46] {Threei} 13/1.7

[11:46] {Les} ty

[11:46] {Les} wow. that changes the dynamism of sqnm downward spike one minute ago.

[11:50] {magoo} back

[11:54] {magoo} hello?

06[11:54] * nemo slaps nemo around a bit with a large trout

[11:54] {Threei} we are not deaf, we are just ignoring you

06[11:54] * nemo slaps magoo around a bit with a large trout

[11:55] {magoo} ahhhhh...good

[11:55] {Threei} also, considering how long you were on sabbatical, you can't blame us for thinking you are just mirage

[11:55] {Threei} or hallucination

[11:55] {magoo} didnt think u guys had enough of me already after such absence

[11:55] {Threei} and we are afraid to talk to hallucination, for when they start answering you...

[11:57] {Threei} (US) House Committee requests information related to claim denials by healthcare companies

[11:57] {Threei} - Asks CEOs from Humana, Aetna, Wellpoint and UnitedHealth to testify at 3/23 hearing.

[11:57] {Threei} ****Reminder: On 2/24 HHS Secretary requested a March 3 meeting with CEOs of health insurers including WLP, UNH, CI, HUM and AET.

[11:57] {Threei} was there ever such widespread intrusion in business by goverment bodies in USA history?

[12:01] {Threei} F Reports Feb US Vehicle Sales +43.1% y/y v +33%e; to 142.2K units

[12:01] {Threei} - Total Truck and van sales % y/y to K units v +14.5% in Jan (39.7K units)

[12:01] {Threei} - F series pick-up s... (12.39, -0.02, -0.16%) more...

[12:01] {dino} two different theories at work 3i, the dems who want control

[12:01] {dino} and the republicans who want markets.

[12:01] {dino} problem is dems control the votes so swinging wide left

[12:02] {dino} i am w/john galt, "get out of the way"

[12:02] {Threei} even bigger problem is, when republocans get their way they squander it almost as effectively...

[12:02] {Threei} none of them gets out of the way

[12:03] {dino} agree that they all spend too much

[12:05] {dino} we've stalled in tight range

[12:06] {Threei} as always

[12:06] {Threei} Market Internals update at 12:00pmET

[12:06] {Threei} - NYSE volume 365M shares, about 15% below its three-month average; advancers lead decliners by 2.8:1.

[12:06] {Threei} - NASDAQ volume 1.21B shares, about 28% above its three-month average; advancers lead decliners by 2.1:1.

[12:06] {Threei} - VIX index -2% to just below 19.00

[12:07] {Threei} this phenomenon continues to amaze me

[12:07] {Threei} I don't think I've ever seen this, for such extended time

[12:07] {Threei} for months now, we have volume increasing on red days, drying up on green ones

[12:08] {Threei} yet uptrend is intact

[12:08] {dino} and tight range afternoons

[12:08] {Threei} aftrenoon tight ranges, yes...

[12:08] {Threei} but this is something that is simply to be taken into account,

[12:08] {Threei} incirporated in our strategy

[12:09] {Threei} so we don't overtrade at thiks time of the day

[12:09] {Threei} keep bets light

[12:09] {Threei} that volume pattern though, it's different

[12:09] {Threei} it goes against one of fundamental principles

[12:10] {Threei} which is no big deal if happens once in a blue moon

[12:10] {Threei} but it holds true for months

[12:11] {Threei} even without tracking day by day, look at SPY daily for instance

[12:11] {Threei} general volume-price configuration

[12:11] {Threei} you'll see what I mean

[12:13] {dino} snda sm l .00

[12:13] {Threei} if anyone can come up with any sensible explanation, feel free... cause I sure have none

[12:13] {nemo} wall of worry climb

[12:14] {nemo} market shouldn't be going up, so light buying moves it up

[12:14] {Threei} any bull market does that at the beginning stages

[12:14] {Threei} but this volume pattern is never this sustainable

[12:14] {dino} random dance market

[12:14] {nemo} what was the last depression you lived through?

[12:14] {dino} buy them higher sell them lower

[12:14] {Threei} lol

[12:15] {Threei} why do I need to live through depression to know chart patterns?

[12:15] {nemo} well, go study the chart volume patterns from that time

[12:15] {nemo} last year was "we're all gonna'die"

[12:15] {Threei} and who told you I ever came out of depression meeting you in 2007 caused?

[12:15] {dino} further, i feel as tho the investor is dead. these markets move on traders, days happen in minutes

[12:16] {nemo} nano-trading

[12:16] {nemo} there's a book in there

[12:16] {Threei} you measn you see this volume pattern in depression timnes?

[12:16] {Threei} then we look at different charts, I don't see anything like this

[12:16] {nemo} I don't know...just last year was quite an exception

[12:16] {dino} drop

[12:17] {nemo} fas pullback

[12:17] {Threei} ok, I take severe umbrage in this one:

[12:17] {Threei} [12:15] {nemo} well, go study the chart volume patterns from that time

[12:17] {Threei} you think I didn't, before asking the question?

06[12:17] * Threei slaps nemo around a bit with a large price-volume charts from 1930 to our days

[12:17] {dino} i think you are overthinking it. my gut says no investors just traders

[12:18] {Threei} it's true

[12:18] {Threei} but why is volume reversed?

[12:18] {dino} panic on any drop after '09

[12:18] {nemo} wall of worry

[12:18] {dino} brutal lesson learned, get out

[12:18] {nemo} yep

[12:19] {dino} investors would wait it out, investors are minority

[12:19] {ese} did they even have price charts back then

[12:19] {nemo} yes ese

[12:19] {nemo} all investors are gone...money gone

[12:19] {Threei} yes... they called them plates, for some reason

[12:20] {dino} shoot first on drops ask questions later

[12:20] {Threei} I guess I don't ask my question clearly

[12:20] {Threei} and it's not emopty curiosity

[12:20] {Threei} this is something we need to understand in order to read the direction

[12:21] {Threei} let me try again

[12:21] {Threei} yes, as you say, when fear overcomes greed, volume increases on red days

[12:21] {Threei} that's what such increase indicates:

[12:21] {Threei} more fear,

[12:21] {nemo} economically much fear right now

[12:21] {Threei} greed retreats

[12:22] {Threei} and volume on green days is less.

[12:22] {Threei} That's all normal.

[12:22] {Threei} What isn't normal:

[12:22] {Threei} when this pattern develops, we establish DOWNtrend

06[12:22] * nemo asks: "What is normal?"

[12:22] {Threei} not UPtrend

[12:22] {ese} seed....wha da ya think vad L maybe at .05

[12:22] {Threei} yet, having this volume pattern, we continue uptrend

[12:23] {dino} more fear than greed

[12:23] {nemo} Fear is still very high out there

[12:23] {Threei} ese, it's worth a try, but wether it works or not won't depend on technicals, rather on wheher momo players return

[12:23] {dino} economy in my area sucks, fear everywhere

[12:23] {Threei} yes

[12:24] {Threei} that's what volume idndicates

[12:24] {Threei} more fear

[12:24] {Threei} so why uptrend??

[12:24] {nemo} Lotsa' fear, but where else you gonna' put your money?

[12:24] {dino} so perhaps lower vol on up because no investors(fear), but the ones that are in sell drops fast

[12:25] {dino} right now, the cd's are getting the money but paying nothing (fear again over rides)

[12:25] {nemo} my take dino, lock in profit and begrudgingly buy upward]

[12:25] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[12:25] {Threei} - Reminder: Jan sales +22% to 65.5K units

[12:25] {nemo} also, with no place else to put money, nobody really selling

[12:26] {dino} sure, back to trader market only, no investors

[12:26] {Threei} what do you mean nobody really selling?

[12:26] {Threei} where does volume on red days coming from then?

[12:26] {Threei} if it all were just short term traders, volume would be roughly equal

[12:26] {nemo} people locking in profit

[12:27] {dino} traders/sellers. investors are gone, most traders are long only types, they sell fast

[12:27] {Threei} OK, I guess my english sucks... you guys don't hear me :)

[12:27] {dino} athn just exploded

[12:27] {dino} i hear you 3i, but nobody knows. my thoughts are fear on drops

[12:28] {dino} snda oput at .40, +.40

[12:29] {dino} i understand the dilema, i ask it too, but....

[12:29] {Threei} SNDK boumce candidate

[12:29] {dino} swm was stopped btw

[12:30] {Threei} fast dive to or just under .50 would be ideal

[12:30] {nemo} at yesterday's close

[12:31] {nemo} market looking weak

[12:31] {Threei} well, we have TV appearance coming

[12:31] {nemo} who?

[12:31] {Threei} guess

[12:32] {dino} hank reardon

[12:32] {nemo} male or female?

[12:32] {Threei} dino, get back in real wolrd, will ya :)

[12:32] {dino} :)

06[12:32] * nemo slaps dino around a bit with a large copy of Atlas Shrugged

[12:32] {dino} you guys did this to me

[12:32] {nemo} BSMF

[12:33] {Threei} sorry dino

[12:33] {nemo} and frankly...Ayn would be pissed at you for saying that

[12:33] {dino} no complaints, changed me

[12:33] {Threei} I find that book kind of litmus test

[12:33] {Threei} I find myself on the same side on many issues with those who like it

[12:34] {_jfjf64} hmm

[12:34] {nemo} FAS about to hit VWAP

[12:34] {nemo} and 200

[12:34] {dino} swm rinsed

[12:35] {gregns} now is not the time for sndk?

[12:35] {fernp} SNDK .70 break, Vad?

[12:35] {Threei} no... don't like it here

[12:35] {fernp} ok

[12:35] {gregns} okey dokey

[12:35] {dino} oh man, the meatloaf sandwich is under-rated. should make a meatloaf sub

[12:35] {Threei} if it goes from here, it's just one of those moves that I can't read

[12:36] {fernp} u can read everything :-)

[12:36] {Threei} but suppose it pulls back to .65 or so,

[12:36] {Threei} and return to .70 and breaks it, yes, that I'd see as a valid setup

[12:37] {fernp} yes understand, db scenario

[12:37] {Threei} yes, with higher low

[12:38] {Threei} as it is, it's just a move

[12:38] {dino} here's a thought on your volume question, could it be that some of the stocks that are in the indexes are above average, thus pulling everything else along

[12:38] {Threei} not everything moves in patterns, some moves are just that

[12:38] {Threei} hah

[12:38] {nemo} also have etfs...wonder what affect they're having

[12:38] {nemo} effect

[12:38] {Threei} that's interesting suggestion dino

[12:38] {nemo} influence

[12:38] {Threei} and you know what

[12:39] {Threei} pattern is drastically different for NYSE and NASDAQ

[12:39] {dino} other thing is some have been dropped from index (c, aig, etc)

[12:39] {Threei} that would influence volume now vs volume before they were dropped

[12:39] {Threei} not day by day now

[12:40] {Threei} but your first suggestion is very likely true

[12:40] {Threei} NYSE and NASDAQ represent different sectors,

[12:40] {Threei} and volume on NASDAQ was less impacted by this strange pattern

[12:40] {dino} the meatloaf trigger the thought

[12:40] {nemo} wow

[12:41] {Threei} NYSE with its heavy represenation of financials

[12:41] {Threei} could be

[12:41] {dino} we're onto something

[12:41] {nemo} how's your shoulder dino

[12:41] {Les} NO FOOLS it's the computers!

[12:41] {Threei} The Power of Meatloaf Thinking

06[12:41] * nemo slaps Les around a bit with a large lead pipe

[12:41] {dino} good title\

[12:42] {Threei} well, the implication is:

[12:42] {Threei} without breaking things by sectors and possibly even deeper, isolation of certain stocks with unusual heavy trading,

[12:42] {Threei} we can't rely on index volume

[12:43] {Threei} and I am too lazy to do those deep analysis

[12:43] {nemo} interferes with your drinking time

[12:44] {Threei} and with my non-thinking principles

[12:44] {Threei} (I prefer to call inabaility a principle, ya know)

[12:45] {Threei} so there we go: index movement is dicated by price changes, not volume-weighted,

[12:45] {Threei} most stocks move in unison and define index direction,

[12:45] {Threei} but some, where the fear is concentrated the most, have unusual big volume on down days

[12:45] {Threei} skewing the volume pattern.

[12:46] {dino} glad i could be of assistance

[12:46] {Threei} totally

[12:46] {Threei} you keep that meatloaf handy

[12:47] {dino} will do, good for once every other week

[12:47] {Threei} SCON Hearing MDB Capital analyst suggests SCON has been awarded a significant contract win from AT&T for data network equipment (3.35, +0.47, 16.32%)

[12:47] {Threei} another momo

[12:48] {Threei} PAH3.GE Reports US Feb vehicle sales at 1,531 units, about flat y/y

[12:48] {Threei} that's Porsche

[12:50] {dino} gmcr

[12:56] {dino} qsii

[12:56] {dino} spls lod

[13:00] {Threei} BLDP to Power SunLine Transit Agency Buses (2.35, +0.11, 4.91%)

[13:01] {Threei} fuel cells stock

[13:04] {dino} puk to .61

[13:04] {_jfjf64} rimm new h

[13:05] {strider} TM

[13:05] {Threei} TM Reports Feb US Vehicle Sales (y/y): -8.7% v -10%e; to 100K units

[13:05] {Threei} - reminder: Feb Sales -8.7% y/y at 98.8K units (74.48, +0.84, 1.14%)

[13:06] {dino} to .62

[13:08] {dino} out puk +.12

[13:11] {gregns} sndk

[13:11] {gregns} ?

[13:12] {Threei} not sure

[13:12] {Threei} can become a short on .60 breakdown just as well

[13:13] {gregns} ty

[13:14] {_jfjf64} qcom what up

[13:15] {Threei} QCOM Hearing positive comments being made at annual shareholder meeting; see revenues and EPS at the high end of prior expectations

[13:15] {Threei} - Note: on 1/27 QCOM Guided FY10 EPS $2.10-2.30 v $2.22e, R$10.4-11B v $10.6Be (38.03, +2.47, 6.95%)

[13:15] {Threei} US sets preliminary anti-subsidy duties of 4-13% on China, 17.5% on coated paper from Indonesia

[13:15] {Threei} - Notes still assessing whether to treat China's currency practices as a countervailing subsidy.

[13:15] {_jfjf64} ty vad

[13:16] {_jfjf64} wd of been nice at 37.00

[13:26] {fernp} PAY any read, Vad?

[13:28] {Threei} I am seriously torn fern

[13:28] {Threei} I like the chart

[13:29] {Threei} but how many of these worked lately on aftrenoons?

[13:29] {strider} [13:28] {&Threei} "I am seriously torn fern" ---vad, you probably just need to be re-potted.

[13:29] {fernp} yes, you are right

[13:30] {Threei} rofl

[13:30] {Threei} you guys in rare shape today

[13:30] {nemo} or keep the dog away

[13:30] {dino} spls sm l .50

[13:31] {_jfjf64} rimm vad

[13:33] {Threei} 50/50 jf

[13:37] {Threei} look at this paralysis

[13:37] {Threei} wehich way it resolves is a total coin toss

[13:37] {_jfjf64} lk the short now

[13:39] {Threei} wow

[13:39] {Threei} read this:

[13:39] {Threei} Fed's Hoenig: Very difficult to see asset sales this year as must prepare markets for policy change - CNBC interview exerpts

[13:39] {Threei} - asked how he would handle the exit strategy, Hoenig comments the Fed should "prepare the markets" over a period of months, then more toward unwinding and normalization measures over a period of "years."

[13:39] {Threei} Fed should "prepare the markets"?

[13:39] {Threei} #$*&^$kers

[13:42] {_jfjf64} tk look pcx

[13:43] {Threei} impressive

[13:43] {_jfjf64} up 1.00 from my entry

[13:44] {Les} SPLS bottom feed somewhere round here

[13:45] {nemo} no volume

[13:45] {Les} yeh that'd be key

[13:45] {_jfjf64} tell em nemo

[13:45] {Threei} SNDK is totally got away from me

[13:46] {Threei} twice

[13:46] {nemo} reminds me of a bad joke...but I can't remember it

[13:46] {_jfjf64} grrrrrrrrrrrr

[13:46] {nemo} not you jf

[13:47] {nemo} little volume creeping into spls

[13:47] {nemo} mon basing

[13:48] {nemo} volume increasing on spls

[13:49] {dino} ntri sm l .20

[13:49] {Les} OSIP

[13:50] {ese} gotta go all see ya tomorow.......

[13:50] {Les} ciao

[13:50] {_jfjf64} see ya es

[13:51] {dino} cya

[13:51] {billyc} cya ese

[13:51] {_jfjf64} no seed watchers

[13:52] {Les} fcx

[13:52] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[13:52] {Threei} - Reminder: Jan sales +22% to 65.5K units

[13:52] {Les} just doesn't wanna stop

[13:54] {Threei} X lags

[13:54] {Threei} in fact, doesn't want to go with market

[13:55] {Threei} if I wanted a trade, it would be short X on 58 break when market revreses back down

[13:55] {nemo} x looks like fas

[13:55] {Les} sqnm trying

[13:55] {_jfjf64} does that mean ya shorting

[13:56] {Threei} no colored call - discretionary

[13:56] {larisa} X still uptrending though

[13:56] {_jfjf64} pcx strong

[13:56] {Threei} you like - you take

[13:56] {Threei} I just describe it for those who want

[13:56] {fernp} NVDA .05 break, Vad?

[13:57] {Threei} too narrow fern

[13:57] {Threei} if you eant 5 cents scalp, sure

[13:57] {Threei} want

[13:57] {dino} qsii sm l break of .20

[13:57] {Threei} and jf, it's invalidated anyway

[13:57] {fernp} ty. that's what i want

[13:59] {dino} cx qsii

[14:00] {Les} SNDA may be reversing

[14:00] {Threei} Fed's Kocherlakota: Unemployment levels are uncomfortable

[14:01] {Threei} that's one way to put it

[14:01] {dino} especially for the unemployed

[14:01] {dino} ntri stop is .99

[14:02] {larisa} Kocherlakota??

[14:02] {Les} fed makes no pretense that its not run by mafia

[14:05] {nemo} kick me please vad

[14:05] {Threei} hmm?

[14:05] {nemo} do I need to repeat it?

[14:05] {Threei} I don't indulge masohists

[14:05] {Threei} I make them suffer by not indulging

[14:06] {nemo} no..for missing fcx at 77.55 I was looking at it when volume came in, said "nah, that's too obvious."

[14:06] {nemo} mon

[14:06] {nemo} volume coming in break of 72 interesting

[14:09] {Les} Nemo, you once mentioned white numbers on T&S is people trying to get out

[14:09] {Les} nice call on mon by the way

[14:09] {nemo} ty

[14:09] {nemo} can be white numbers are market orders

[14:09] {Les} what does this colour coding on T&S mean?

[14:09] {nemo} market orders

[14:09] {Les} green is buy?

[14:10] {Les} Red is sell?

[14:10] {nemo} green means somebody bought the offer

[14:10] {Les} what is yellow?

[14:10] {nemo} Red means somebody selling sold to the bid

[14:10] {nemo} yellow in your case is likely market orders

[14:10] {dino} ntri stop

[14:10] {larisa} yellow means too much carrot

[14:10] {Les} out MON +.20

[14:10] {Threei} msrket orders?

[14:11] {Threei} they can't be color coded

06[14:11] * nemo slaps larisa around a bit with a large peacock feather

[14:11] {Threei} DOJ has requested some Hedge Funds hold on to trading records with regards to Euro transactions - CNBC's Faber

[14:11] {Threei} - DOJ has not subpoenaed any individuals or companies

[14:11] {Threei} what the hell is going on

[14:12] {Les} crap. OSIP broke at same time as MON

[14:13] {Les} http://uploads.mibbit.com/4skNUx.gif

[14:13] {dino} trying to make speculation illegal, crazy times

[14:13] {Les} Vad, can you help me decode this T&S chart please?

[14:14] {Les} yellow price means unchanged

[14:14] {Les} yellow vol. means unchanged

[14:15] {nemo} no it means in between bid and offer...likely market order

[14:15] {Threei} that's what your broker said?

[14:15] {Les} no just guessing

[14:15] {nemo} wtf

[14:15] {Threei} ok, you need their explanation of color agenda

[14:15] {Les} its broker specific is it?

[14:15] {Threei} I've no idea what they label as yellow

[14:15] {nemo} green means somebody bought the stock paying the offer]

[14:15] {Threei} for Laser it's simple

[14:16] {Threei} green - trade at offer price

[14:16] {nemo} red likely means somebody sold the stock for the bid

[14:16] {Threei} red - trade at bid price

[14:16] {Threei} white - inbetween

[14:16] {nemo} yellow is likely market/inbetween

[14:16] {Threei} why market?

[14:16] {Threei} inbetween - probably

[14:16] {Threei} but why it needs to be market?

[14:17] {Les} ok. will try to track it down. thanks anyway

[14:17] {nemo} doesn't need to be, but market orders will usually be the best available price

[14:17] {Threei} so will limit

[14:17] {nemo} good point

[14:17] {Threei} send at the offer, if there is hidden offer lower you'll get it

[14:18] {Threei} make this disctinction:

[14:18] {Threei} there is an order that hits someone else's one,

[14:18] {Threei} this is MARKETABLE order

[14:18] {Threei} don't confuse with market

[14:19] {Threei} marketable order can hit hidden one inbetweem

[14:19] {Threei} now, if you try to put in bid or offer at the current perice or beyond, but not between existing ones,

[14:19] {Threei} it's pyre limit

[14:19] {Threei} pure

[14:19] {Threei} and there will be no improvement

[14:20] {Threei} you'll get a fill only when someone hits you

[14:20] {Threei} what you'll get though with Laser is ECN rebate

[14:21] {nemo} fcx siting on resistance and trendline

[14:21] {nemo} sitting

[14:23] {dino} qsii sm l .15

[14:24] {strider} HIG, jb

[14:24] {nemo} is it trading?

[14:25] {dino} \sm l snda .25

[14:27] {Threei} sharp moves both directionms

[14:27] {nemo} what you say about pulling teeth last week?

[14:28] {Threei} to me, this week feels easier

[14:28] {nemo} it's only Tuesday

[14:28] {Threei} get your good trades early, then sit it out

[14:28] {Threei} wait for something big to happen

[14:28] {nemo} reminds of a woman I dated...spent a year with her one week

[14:28] {Threei} if you get lucky to get news early, fine

[14:29] {Threei} if not, sit and yawn

[14:29] {nemo} great...made me yawn

[14:30] {Threei} last week was tougher for me because period of morning activity was shorter

[14:30] {Threei} if day started with stop or two, it would take whole day to get out of it

[14:30] {Threei} this week so far at least, morning is a little longer

[14:31] {Threei} so there is more time to right things

[14:31] {Les} today was excellent for me

[14:31] {nemo} fcx 200 ma at .90

[14:31] {nemo} support at .95

[14:31] {Les} integrating dino's strategy

[14:31] {nemo} meatloaf?

[14:31] {Les} with your strategy

[14:31] {Threei} meatloaf with bacon then

[14:31] {Les} and doing it properly

[14:31] {nemo} vodka

[14:31] {Threei} sprinkle with carrot juice, and you are fine

[14:32] {nemo} homage to lari

[14:32] {Les} given which, I will quit while I am ahead and catch up on sleep. night all

[14:32] {Threei} take care les

[14:32] {nemo} wow...gift from God

[14:33] {Les} just this once

[14:33] {nemo} hehehehe

[14:33] {Threei} greast

[14:33] {Threei} Chile quake shook Earth of its axis

[14:33] {nemo} saw that

[14:33] {Threei} day shortened by 1.26 microsecond

[14:33] {Threei} :(

[14:33] {nemo} fcx bounced on 200

[14:34] {Threei} HIG broke strider

[14:34] {strider} yep. didn't take it.

[14:34] {Threei} ok... look at this SPY action

[14:35] {Threei} is it really something readable and enticing to oparticipate in?

[14:35] {nemo} those long tails...volatility

[14:44] {fernp} PAG breakdown, Vad?

[14:44] {nemo} takeover rumor on PCX

[14:44] {Threei} mah

[14:44] {fernp} ok

[14:44] {Threei} this is torture

[14:45] {Threei} fighting for 3 cents

[14:49] {dino} back in 15

[14:52] {Threei} PIP Ticking higher recently after reports from Twitter circulate about a suspicious letter and potential anthrax threat in DC (1.87, +0.09, 5.06%)

[14:53] {Threei} (US) Fed's Kocherlakota: Creation of a world currency has very low probability (related EUR/USD USD/JPY USD/CNY )

[14:53] {Threei} lol

[14:53] {Threei} low?

[14:53] {Threei} zilch is more like it

[14:56] {_jfjf64} rimm

[14:59] {_jfjf64} good night all

[14:59] {Threei} take care jf

[15:00] {fernp} bye jf

[15:00] {_jfjf64} + for day good day

[15:00] {magoo} i'm out of "trading" shape here

[15:00] {magoo} exhausted lol

[15:01] {Threei} lol

[15:01] {_jfjf64} mee too

[15:01] {nemo} ?

[15:01] {_jfjf64} tks time

[15:01] {nemo} what...finger blisters?

[15:01] {nemo} sore butt?

[15:01] {magoo} all of the above

[15:02] {nemo} psychological stress from my sense of humor?

[15:02] {_jfjf64} was any one speakin to nemo

[15:02] {nemo} or lack thereof

[15:02] {_jfjf64} lol

[15:02] {nemo} you want on the list jf?

[15:02] {_jfjf64} no list pls

[15:02] {Threei} uh oh

[15:02] {Threei} the list

[15:02] {nemo} some names in pen, some in pencil

[15:02] {Threei} infamous the list

[15:03] {Threei} you be caAREFUL JF

[15:03] {nemo} got the caboose before the engine there

[15:03] {_jfjf64} wher is les when i need em

[15:03] {nemo} he knows better

[15:04] {Threei} you need more les?

[15:04] {nemo} bah dum bump

[15:04] {_jfjf64} i need to go see ya

[15:04] {Threei} :)

[15:05] {_jfjf64} goodnight mr nemo

[15:06] {nemo} Mr.?

[15:06] {Threei} mrs?

[15:06] {nemo} never

[15:07] {nemo} reminds me of a story though

[15:07] {magoo} he's a she??

[15:07] {_jfjf64} yeah

[15:07] {nemo} you surfin' again magoo?

[15:07] {Threei} not when i saw him, but it's been a whole year

[15:07] {nemo} I'm saving up

[15:07] {magoo} ah vad, modern medicine lokl

[15:08] {Threei} yeah, who knows these days, lol

[15:09] {magoo} and sometimes even boyz are girls anyway, he coulda fooled you

[15:16] {dino} ,

[15:16] {nemo} .

[15:17] {Threei} PDLI Guides Q1 $.17 v $0.28e, R$62M v $70Me (6.96, -0.18, -2.52%)

[15:27] {magoo} oldie but a goodie

[15:27] {Threei} today is different

[15:27] {magoo} vad "are we in anything?"

[15:27] {Threei} hehe

[15:27] {nemo} OMFG

[15:27] {Threei} instead of finishing at the high, market went back down through the whole range

[15:27] {Threei} range is very narrow, but still

[15:29] {dino} yes 5 pts s/p

[15:35] {Threei} and jf is angry with me for not finding a play every 3rd second

[15:35] {Threei} find someone who calls as many as we did in 5 points range, lol

[15:35] {nemo} still got a half hour

06[15:35] * Threei slaps _jfjf64 around a bit with a large dose of reality

06[15:36] * nemo slaps _jfjf64 around a bit with a large DILLIGAF

[15:36] {Threei} it's slap jf hour

[15:36] {nemo} Well...gotta' go c u in the ESTAM

[15:36] {Threei} in the what?

[15:37] {nemo} Eastern Standard Time A. M. making allowances for Les, who will be drinking after lunch

[15:37] {Threei} lol

[15:37] {Threei} no interesting earnings today

[15:37] {Threei} unless VISN is of interest

[15:37] {Threei} and PAY

[15:38] {fernp} good evening everybody. see you all tomorrow

[15:39] {Threei} take care fern

[15:39] {Threei} Ron... for your first day, are we totally crazy or it's bearable?

[15:40] {RonS} Bearable...just watching to get the groove...

[15:41] {Threei} okay... 'cause to me it looks like total asylum

[15:41] {RonS} ...been with crazier...

[15:41] {Threei} the we still have room {G}

[15:41] {Threei} then

[15:42] {dino} cya fern

[15:42] {dino} welcome to our jungle ron

[15:42] {billyc} hey ron

[15:43] {RonS} hey everyone...

[15:44] {billyc} dino where do you live

[15:44] {dino} pennsylvania

[15:44] {billyc} i grew up in dc l live in s fla

[15:45] {Threei} Siberia, judging by this winter

[15:45] {dino} yeah, 3' last week and today it's 50

[15:45] {strider} dino lives in an old castle, and sleeps in a casket.

[15:45] {dino} east coaster billy

[15:45] {dino} lol

[15:45] {billyc} yup about 15 minutes north of ft lauderdale

[15:46] {dino} well, my office is about 150 years old

[15:46] {RonS} Been tough in CO too...

[15:46] {RonS} Where is that global warming?

[15:46] {dino} it isn't

[15:47] {RonS} Dang, and I love cowtowing to that effete Algore...

[15:47] {dino} lol

[15:47] {strider} Towing a cow is rude.

[15:47] {RonS} LOL

[15:48] {Threei} wait... you mean earth iks not warming up?

[15:50] {lasertrev} come on vad, u know the gov. controls the weather.

[15:50] {lasertrev} lol

[15:50] {Threei} it does?

[15:51] {Threei} great, I';ll send them bill for washing my car - what the hell was this rain about

[15:51] {dino} sgms

[15:51] {strider} Welll if they do, why don't they do something about it?

[15:51] {RonS} "Everyone complains about the weather, but nobody does anything about it"

[15:51] {RonS} Mark Twain

[15:52] {Threei} "Everyone compains about their memory, not about intelligence"

[15:52] {strider} Because you lose your memory, but not (usually) your intelligence.

[15:52] {Threei} (CA) Canada Official: Govt to establish plan to reach budget balance; will signal a stimulus end by March 2011

[15:52] {Threei} - Govt will avoid tax increases and will not trim transfers

[15:52] {Threei} (related USD/CAD EWC )

[15:54] {RonS} Every state in the Union has increased taxes...and the Feds with CSIP

[15:55] {Threei} and this is only beginning

[15:55] {Threei} okay guys, thank you all

[15:55] {Threei} have a great evening, see you tomorrow

[15:56] {dino} u2 vad

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