Mar 03 2010

Narrow range day again, so trades were few and far between, but still - 4 trades, 3 wins, single stop was just 8 cents. The best trade was early WFC long

Session Time: Wed Mar 03 00:00:00 2010

[07:52] {Threei} (GR) Greece formally announces austerity measures of 4.8B (2% of GDP) - draft bill

[07:52] {Threei} - To increase VAT tax by 2% to 21%; will add 1.2B in revenues

[07:52] {Threei} - To raise 1B from a one-time company tax by end of 2010

[07:52] {Threei} - To raise duty on alcohol by 20%

[07:52] {Threei} - To cut public sectort sallary supplements by 12% v 10% prior

[07:52] {Threei} - To cut public sector bonus during three holiday periods (Christmas, easter and summer)

[07:52] {Threei} - To impose luxury tax on cars, yachts, etc

[07:52] {Threei} - To raise excise on fuel by 0.03-0.08/liter

[07:52] {Threei} - To freeze increases for pensions in 2010 (no cuts either)

[07:52] {Threei} - Gov't spokesperson: To submit new tax law to parliament in the near future

[08:00] {strider} 8 measures there. Only 3 of them are reductions in spending. The other 5 are tax increases. And they call this an austerity package.

[08:00] {Threei} road down is tough...

[08:00] {Threei} MDVN, mama mia

[08:00] {Threei} MDVN Phase III studies of Dimebon (latrepirdine) alzheimers program missed co-primary and secondary endpoints

[08:02] {strider} CC at 8:30

[08:02] {Threei} kind of things that remind me why I am not an inwestor

[08:03] {strider} pharmas sure aren't the place to try to invest.

[08:04] {strider} MDVN trading was halted awhile at 7:30. What good does that do?

[08:04] {Threei} .36 - .80 scalp

[08:04] {strider} It still went to the crapper.

[08:05] {Threei} well... in their mind, halt before news is disseminated makes sure everyone gets news at the same time

[08:05] {strider} I guess that could happen.

[08:05] {Threei} the chain from FDA announce,ent to news wire can have leaks

[08:06] {strider} No, vad, say it isn't true.

[08:06] {Threei} :)

[08:06] {strider} you mean some are more equal than others?

[08:08] {Threei} horrible thought isn't it

[08:12] {Threei} GR) Reportedly Germany will not offer aid to Greece during Merkel's meeting on Friday, March 5 2010

[08:12] {Threei} - Meeting will only discuss current state of events

[08:12] {Threei} - Greece must implement austerity plans; confident that plan will stabilze the EUR.

[08:16] {Threei} US) FEB ADP EMPLOYMENT CHANGE: -20K V -20KE

[08:16] {Threei} - Prior revised from -22K to -60K

[08:42] {Threei} (US) Fed's Fisher: USD to remain reserve currency for some period of time; investor interest in USD forces discipline -Q&A at CFR

[08:42] {Threei} - Echoes that Fed should prevent asset bubbles

[08:42] {Threei} - Fed in the early 2000's held rates too low for too long

[08:42] {Threei} - Exit policy will be needed when monetary supply velocity increases (We note that that velocity of money has been falling since the end of 2005)

[08:42] {nemo} so we'll be the "reserve" toilet paper

[08:54] {Threei} (EU) Reportedly EU may hold Phase 3 Co2 auctions as early as 2011 (related CARBX )

[08:54] {Threei} why, just do it now

[08:54] {Threei} when you are on suicide mission, why not do it quickly

[09:05] {ese} good morning

[09:05] {Threei} ese :)

[09:07] {ese} gotta love this weather vad.......was taking to my relatives in Kenora yesterday......they still have snow

[09:08] {Threei} that's why we moved eh

[09:09] {ese} definitely.....am glad for that. all thought i didn't know it at the time

[09:10] {jfjf64} mornin all

[09:10] {ese} jf

[09:10] {Threei} jf :)

[09:10] {Les} Heeeeeeeeeere's Johnny!

[09:10] {Les} :D

[09:10] {Threei} les :)

[09:11] {ese} les

[09:11] {Les} ese, jf

[09:11] {nemo} Is that the Ed McMahon version or the Jack Nicholson version Les?

[09:11] {ese} am gonna be in your neck of the woods in a couple of days les

[09:12] {Les} I'd like to qualify that statement ese

[09:12] {ese} dude!!!!!!!!!!

[09:12] {nemo} dude

[09:12] {jfjf64} russian mob at door wouldnt let me in told them i was friend of vad still wanted cc# whats going on here

[09:12] {ese} it was a quality statment.......wha da ya takin bout

[09:13] {Les} 4 hours drive from your house takes you where? You're neck of the woods still?

[09:13] {Les} you're = your

[09:13] {Threei} that's nothing jf, be thankful Ivan The Enforser and Yuri The Kneeshooter weren't there

[09:14] {jfjf64} lol

[09:14] {Les} I used to think 4 hours was close

[09:14] {Threei} notice spelling in the first name - that's how Ivan satisfies his desire to be unique

[09:14] {jfjf64} i see ya guys gv me a bashin yest after i left chat

[09:15] {jfjf64} lol

[09:15] {Threei} that's what we do - especially when you do not diaconnect so you could read later

[09:15] {Threei} if you do disconnect - we e-mail you all the bashing

[09:15] {nemo} always pick on people who aren't here to defend themselves

[09:15] {larisa} gm all :)

[09:15] {nemo} lari :)

[09:15] {Les} I just take negative commentary as a given once I've quit the room jf

[09:15] {Les} lari

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

[09:16] {jfjf64} winners= bashin=all good

[09:16] {Threei} larisa :)

[09:16] {nemo} in your case Les, more than happy to do it while your here

[09:16] {jfjf64} nemo good mornin

[09:16] {Threei} US) Fed's Rosengren: There is a risk current low rates could fuel future bubbles

[09:16] {Threei} - Fed needs broad oversight to monitor risk

[09:17] {Threei} at least they did learn something from the housing debacle

[09:17] {billyc} gm everyone

[09:17] {Les} billy

[09:17] {Threei} billy :)

[09:17] {billyc} les

[09:17] {Threei} les, simply think of it as normal, not negative

[09:17] {billyc} vad

[09:18] {Threei} neutral becomes positive then

[09:18] {Threei} positive becomes highest praise possible

[09:18] {Les} I'd like to qualify that statement vad

[09:19] {Threei} and your whole world moves one step in giddy direction

[09:19] {Les} I accept what you accept if I accept that this is a madhouse

[09:19] {Les} accept accept accept

[09:19] {Threei} well, if you don't - you are quite mad

[09:19] {Les} i've lost it already

[09:19] {Les} lol

[09:19] {Les} I'll shut up now

[09:19] {jfjf64} too much coffee les

[09:20] {nemo} Let's see how long this lasts...

06[09:20] * nemo slaps lasertrev around a bit with a large trout

[09:20] {Threei} how rude

[09:20] {strider} OUT OVERNIGHT tm, +2.41.

[09:20] {strider} sorry for the caps.

[09:20] {Threei} wtg strider

[09:20] {lasertrev} morning all

[09:20] {jfjf64} gj

[09:20] {billyc} gj strider

[09:21] {strider} :)

[09:21] {Threei} trev :)

[09:21] {Les} strider

[09:21] {lasertrev} n1 strider

[09:21] {Threei} btw, anyone noticed my typing became muc better?

[09:21] {billyc} trevor

[09:21] {strider} no.

[09:21] {Les} almost

[09:21] {strider} no, vad.

[09:21] {Threei} okay... be that way

[09:21] {strider} thanks, laser, billy, jf

[09:22] {strider} But we have noticed that you BELIEVE your typing is better.

[09:22] {Threei} lol

[09:22] {lasertrev} i think it has been muc better vad

[09:22] {Threei} okay, that does it

[09:22] {nemo} nice lt...

[09:22] {nemo} EVERYBODY DUCK!!!

06[09:22] * Threei slaps lasertrev around a bit with a large dose of antisarcasin

[09:22] {jfjf64} i vote for live audio screw typing

[09:22] {Les} lol

[09:22] {lasertrev} lol

[09:22] {Les} antisarcasin what?

[09:23] {nemo} his great typing

[09:23] {nemo} antisarcasm

[09:23] {nemo} Wow...this day has already hit overdrive

[09:23] {Threei} dino/magoo and under the snow again?

[09:24] {ese} has it ever hit overdrive

[09:24] {ese} well this borad is my fix for the day.......can't get along without it

[09:24] {fernp} Good morning everybody

[09:24] {jfjf64} snow here long island

[09:24] {Threei} who needs a cure from the desire to be an inwestor (sic) - look at MDVN

[09:24] {nemo} you mean board or borat?

[09:24] {billyc} fern

[09:24] {Threei} fern :)

[09:24] {ese} fern baby!!!

[09:25] {lasertrev} gm fern

[09:27] {Les} oh that is ugly vad, and I don't think MDVN or its investors can ask a 2nd opinion either

[09:27] {ese} novl takeover

[09:27] {Les} mind you, great scalp play today

[09:30] {Threei} a few hours ago:

[09:30] {Threei} OPTT Receives 2.2M EC Grant for Spanish Project

[09:30] {dino} gm all

[09:30] {Threei} dino :)

[09:30] {billyc} dino

[09:30] {Les} dino

[09:30] {dino} :)

[09:31] {Threei} - Awarded 2.2M under the European Commission's Seventh Framework Programme (FP7), by the EC Directorate responsible for new and renewable sources of energy, energy efficiency and innovation.

[09:31] {Threei} - The grant to OPT is part of a total award of 4.5M to a consortium of companies, including OPT, to deliver a PowerBuoywave energy device under a project entitled WavePort, with an innovative wave prediction capability and a "wave-by-wave" tuning system. It is anticipated that the PowerBuoy will be deployed at the Santo?ite in Spain, where OPT has worked on a wave energy project under contract from Iberdrola, the major Spanish utility company.

[09:31] {dino} mdvn, nflx, visn, bucy, joyg

[09:33] {Les} sqnm selloff

[09:33] {Threei} Long Setup: WFC .05 break

[09:35] {dino} gap around 6.90 sqnm

[09:35] {ese} in

[09:35] {dino} in

[09:35] {fernp} stop vad?

[09:35] {Threei} whole 3 versions of stops depending on your objective

[09:36] {Threei} under 28 for extreme scalpers

[09:36] {Threei} 27.95 for day traders

[09:36] {Threei} 27.90 for longer hold

[09:36] {Threei} it acts as salmon

[09:36] {Threei} needs some market help of course but if gets one - should be a nice mover

[09:37] {gregns} what is meant by salmon , please

[09:37] {Threei} extreme scalpers have over 1:1

[09:37] {dino} bad breath greg=salmon

[09:37] {Threei} stock exhibiting a pattern of moving against the current greg

[09:37] {dino} kidding, against the mark

[09:37] {gregns} ty

[09:37] {jfjf64} y

[09:37] {Threei} tends to sit tight near the high while market drops,

[09:37] {Threei} and break out when market bounces

[09:38] {dino} wow rino

[09:38] {Threei} day traders have 1:1

[09:39] {fernp} ty

[09:39] {ese} out wfc .15 +.08

[09:39] {ese} tks vad

[09:39] {Threei} sure thing

[09:39] {billyc} thanks

[09:39] {jfjf64} oih

[09:39] {magoo} achdakugCHDD

[09:39] {Threei} mags :)

[09:39] {magoo} I LIKE RIMM FOR BOUNCE

[09:39] {Threei} awwww... ENER

[09:39] {Threei} this one seriously got away from us

[09:40] {Threei} RIMM

[09:40] {dino} out wfc .16, +10 thx vad

[09:40] {Threei} welcome

[09:40] {jfjf64} wfc strong

[09:41] {Threei} longer hold ones have 1:1 in 2 cents

[09:41] {Threei} in 1

[09:41] {jfjf64} 1/1 ty

[09:41] {magoo} out rimm .68

[09:41] {magoo} +..13

[09:41] {gregns} ty

[09:41] {Les} fast work mags nice one

[09:42] {dino} amsc?

[09:42] {magoo} scalpin until i get my sea legs back

[09:42] {Threei} no news dino

[09:42] {Threei} I guess that nonsense from before just clears up slowly

[09:43] {Les} ty vad nice way to start the day

[09:43] {Threei} welcome guys

[09:44] {Threei} AMLN

[09:44] {Threei} yesterday's high and 52 week high

[09:45] {Threei} I'd like a bit more consolidation for decisive break

[09:45] {ese} somebody give me an opinion on aig......bottomed out out at 25 ya figure

[09:45] {Threei} WFC, extreme scalpers are crying, day traders have 1:2

[09:45] {ese} or farthur to go yet

[09:46] {Threei} 25?

[09:46] {Threei} AIG is at 24.70

[09:46] {ese} dollars

[09:46] {ese} ya relative term

[09:46] {nemo} aig

[09:46] {nemo} sorry

[09:46] {dino} nflx, hmmm, big old gap 52ish

[09:46] {ese} thinkin dino's .00 or .50's

[09:47] {Threei} AMLN, more or less shapes up

[09:47] {Threei} Long Setup: AMLN .45 break if stays above .35

[09:47] {dino} mdvn was that the only drug?

[09:47] {ese} nice call on wfc vad....still goin

[09:48] {Threei} longer term holders have over 1:2

[09:48] {jfjf64} great find

[09:48] {Threei} my work is done on this one, who is still holding - you are on your own

[09:48] {Threei} no way to lose on it

[09:49] {Les} out last 100 shares of wfc. sweet

[09:49] {Threei} AMLN invalidated

[09:50] {Les} .50 break mdvn?

[09:51] {Threei} no read

[09:51] {fernp} EXM Vad?

[09:51] {Threei} Long Setup: CY .36 break

[09:52] {dino} rino working towards 30 by exp, imo

[09:52] {Threei} looks right fern

[09:52] {fernp} ty

[09:52] {dino} visn l .40

[09:53] {Threei} CY, either under .30 or .25

[09:53] {Threei} both are valid

[09:53] {ese} dino you done anything with nflx

[09:53] {dino} no, but not sure what to do

[09:53] {magoo} CY huh?

[09:53] {Threei} .46 is CY's 52 week high

[09:54] {magoo} shorting now

[09:54] {dino} holding too well imo

[09:54] {dino} really wanted 60s

[09:54] {magoo} oh, u mean the stop

[09:54] {Threei} yes

[09:54] {Threei} it triggered long

[09:57] {Threei} Long Setup: CTXS .10 break half lot

[09:58] {Threei} big offer at 44

[09:58] {Threei} let's modify

[09:58] {Threei} 44 break long

[09:58] {Threei} if holding above .90

[09:59] {Threei} CY stopped

[09:59] {fernp} stopped CY

[10:00] {Threei} *(US) FEB ISM NON-MANUFACTURING COMPOSITE: 53 V 51E

[10:00] {Threei} ***sub-indices:

[10:00] {Threei} - Prices Paid: 60.4 v 61.2 prior

[10:00] {Threei} - Employment: 48.6 v 44.6 prior

[10:00] {Threei} -...more... (related SPY SHY EUR/USD )

[10:00] {Les} rinse out CY

[10:01] {ese} L brcm .50

[10:02] {fernp} MS breakout Vad?

[10:03] {Threei} I think so, if holding above .70

[10:04] {ese} out brcm ..40 -.10 frickin bull trap

[10:04] {Threei} numbers caused some turmoil ese

[10:04] {ese} ya

[10:06] {Threei} CTXS 1:1, half out

[10:07] {Threei} scalpers know what to do

[10:07] {fernp} ty Vad

[10:07] {Threei} lol

[10:07] {Threei} welcome

[10:10] {strider} ca

[10:10] {strider} T

[10:10] {strider} CAT

[10:16] {Threei} come to papa CTXS

[10:17] {fernp} HIG db, Vad?

[10:17] {RonS} market pause for oil report...TIE on break up?

[10:17] {Threei} can't tell on HIG

[10:17] {Threei} TIE, looks right to me

[10:18] {Threei} .95 break

[10:18] {RonS} tnx

[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:18] {Threei} **consensus expectations:

[10:18] {Threei} Crude: +1.2Me

[10:18] {Threei} Gasoline: +500Ke

[10:18] {Threei} Distillate: -500Ke

[10:20] {jfjf64} spwra vad

[10:21] {Threei} me likey

[10:21] {Threei} if stays above .90

[10:23] {jfjf64} y

[10:23] {jfjf64} 5 min nice

[10:23] {dino} scok jumps again

[10:23] {dino} wide sucker

[10:23] {nemo} offer at 20 on spwra

[10:24] {Threei} {wide suckers} come on dino... we just like those cheeseburgers

[10:24] {strider} HIG

[10:24] {Threei} TIE 1:1 for scalpers

[10:24] {Threei} good find Ron

[10:24] {Threei} 1:1 for day traders

[10:25] {RonS} volume looks aggressive

[10:25] {dino} 17 to 30 in 5 days

[10:26] {fernp} TIE 1:1 Thanks Ron

[10:27] {RonS} beginner's luck

[10:28] {Threei} I'll take 2 kilos please

[10:29] {dino} cfi l .50

[10:30] {Threei} *DOE CRUDE: +4.03M V +1.2ME

[10:30] {Threei} DISTILLATE: -840K V -500KE; UTILIZATION: 81.1% V 81.2%E

[10:30] {Threei} GASOLINE: +770K V +500KE

[10:31] {Threei} SPWRA invalidated as break, may still play as a bounce

[10:31] {Les} was looking for b/d after bounce

[10:31] {dino} visn stopped

[10:32] {dino} fti?

[10:32] {jfjf64} x.10

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

[10:32] {Threei} - NYSE volume 185M shares, about 24% below its three-month average; advancers lead decliners by 2.1:1.

[10:32] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.3:1.

[10:32] {Threei} - VIX index -2% to just over 18.50

[10:33] {nemo} that oil report didn't faze the market

[10:33] {Threei} discrepancy between NYSE and NASDAQ becomes ridculous

[10:34] {Threei} why would it nemo... good report

[10:34] {Threei} oil is plentiful

[10:34] {jfjf64} x is all over

[10:35] {jfjf64} place

[10:35] {Les} .10 break on X?

[10:35] {dino} swm sm l .28

[10:35] {jfjf64} y

[10:35] {Threei} yes les

[10:36] {jfjf64} half out

[10:37] {jfjf64} stop to.20

[10:38] {jfjf64} out

[10:38] {magoo} x waas good one

[10:38] {magoo} fast too

[10:39] {Threei} wtg jf

[10:39] {jfjf64} lk to gv back

[10:39] {RonS} oil recaptures its .40 drop...5th week for selloff and then higher

[10:39] {magoo} thoughts TIE vad, still in

[10:39] {Threei} partial mags

[10:39] {ese} L seed .24

[10:39] {Threei} it's a slow one

[10:40] {magoo} yea

[10:40] {Threei} can climb for indefinite time, or can fizzle out

[10:40] {Threei} hard to tell on slow ones

[10:40] {magoo} spwra vad?

[10:40] {Threei} no read on that one

[10:40] {magoo} ok, not in

[10:42] {Les} OSIP 57 break?

[10:42] {Threei} nah

[10:43] {Threei} OSIP is bought out

[10:43] {Les} at this price?

[10:44] {Les} beautiful triangle built over last couple of days

[10:44] {ese} this thing gets above .40

[10:44] {ese} seed that is

[10:44] {ese} look out

[10:44] {Threei} OSIP Astellas Pharma offers $52/shr (40% premium); All cash deal valued at $3.5B (update)

[10:45] {Les} ok, not even 57

[10:45] {Threei} they haven't accepted offer yet

[10:45] {ese} course.......if it goes the other way........yikes

[10:45] {dino} hoping for others

[10:46] {dino} some big pharma is involved w/one of their drugs, waiting for them is rumor

[10:47] {Threei} MDVN CEO: We have other drugs in the pipeline besides Dimebon, with four studies in pivotal drug trials currently - CNBC interview (12.98, -27.27, -67.75%) (related PFE )

[10:47] {dino} ceph

[10:50] {Les} spls 23 break?

[10:50] {dino} yeah for scalp

[10:51] {RonS} CTXS news link: http://www.informationweek.com/news/software/hosted/showArticle.jhtml?articleID=223101303&cid=RSSfeed_IWK_News

[10:51] {dino} no trig les

[10:51] {RonS} Is doing this kosher Vad?

[10:51] {dino} out cfi .62, +.12

[10:51] {Les} yeh 200 resistance

[10:52] {RonS} Does anyone understand the CTXS article?

[10:53] {Threei} doing what Ron?

[10:53] {Threei} posting news?

[10:53] {RonS} Posting news links...

[10:54] {Threei} sure, as long as it's news and not some blog with some anonymous musing of another igorant fame-seeker

[10:54] {dino} leave nemo out of it

[10:54] {Threei} lol

[10:54] {Les} I read Nemo's bad jokes, but that's about it...

[10:55] {nemo} FCX break of .80

[10:55] {RonS} lol...wanting to be sensitive to the delicat etiquette here...

[10:56] {dino} qsii hl l ave .25\

[10:56] {Threei} etiquette is simple actually...

[10:56] {jfjf64} look at tie

[10:57] {dino} tm strong, worst may be over. range 71-77

[10:57] {Threei} don't promote zeroknowledge.com blogs and whatever you do - never efver offend larisa

[10:57] {larisa} sigh

[10:57] {dino} lol ron

[10:58] {dino} visn lod

[11:02] {Les} s spls .89

[11:02] {nemo} we're awash in oil and usl up .40 since

[11:03] {magoo} rimm another leg looks like

[11:03] {strider} MDVN acting like it wants to make amends.

[11:05] {Threei} NLST Ticks higher on speculation a settlement will be reached in a legal dispute with Google

[11:05] {Threei} - reminder: in early Dec 2009, NLST filed suit against Google over patents related to speeding up memory modules.

[11:08] {Les} qid b/d?

[11:08] {Threei} thatwould be a bet on market breakout

[11:10] {Threei} we are at the time of the day when breakouts cease to work for months already

[11:10] {Les} q pivot support .78. if it bounces off that and pushes upwards - yeh

[11:10] {Threei} I prefer to go with trend until it changes

[11:10] {Threei} and trend is - no, no breakout plays at this time of the day

[11:10] {Threei} (GR) Moody's: Austerity measures in Greece bring credibility to fiscal changes

[11:10] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB+). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010

[11:11] {dino} all is well in the world again

[11:11] {Threei} so, moody assigns ratings in order to allow or ban certain operations - not depending on real state of affairs?

[11:12] {Threei} until reality becomes glaringly obvious

[11:12] {dino} on kickbacks too

[11:13] {Threei} ok, whatever you sarcastic types say, my typing is at least back to its usual self - from the rock bottom it hit when I changed keyboard

[11:14] {nemo} wow

[11:14] {Threei} back to my old one, thanks to key stickers that restored faded letters

[11:15] {Threei} my flaming oath is, that was somewhat different size and feel of keys that made me hit two keys at the same time, or miss the right ones

[11:15] {jfjf64} never get rid of good thing

[11:15] {RonS} ...a poll came out and said the average Greek spends $3k/yr on bribes

[11:15] {Threei} that's thrifty

[11:16] {Les} Greece sounds like Thailand

[11:16] {RonS} ...and 30% of the respondents wanted a bribe to respond...

[11:16] {gregns} thoughts on visn? 50/ 50

[11:16] {Threei} lol

[11:16] {Threei} no indications of bounce yet, greg

[11:16] {gregns} ty

[11:16] {dino} yet they all retire at 55, while germans have to support them retire at 65

[11:16] {Threei} let it consolidate for a while, then break .20

[11:17] {dino} visn would like to see 4.80s hit for bounce

[11:18] {Les} 67 in switzerland now. and govt wants to cut back interest guaranteed on 401k savings

[11:18] {dino} going to be 70 here soon, you watch

[11:19] {Threei} I don't care, no one is going to pay me pension anyway

[11:19] {dino} same here 3i

[11:19] {dino} kill or be killed for me

[11:19] {Threei} I'll just die in the middle of the scalp

[11:19] {Les} same here

[11:19] {Les} lol

[11:19] {Les} hopefully we won't be in it with you

[11:19] {jfjf64} lol 3i

[11:20] {Threei} they'll find me thanks to my broker who will get alrmed by non-completed trade

[11:20] {fernp} BMY short, Vad?

[11:20] {jfjf64} hopefully ivan gvs me bk my 299

[11:21] {Threei} probably fern... kind of 52/48

[11:21] {Threei} you really have very faint idea of Ivan's character traits, jf

[11:21] {Threei} one thing no one ever accused him of was giving back anything to anyone

[11:22] {jfjf64} lol

[11:24] {Threei} in fact, I heard trev has instructions on his wall: if vad hasn't closed trade within 5 min after opening it, call the police and ask to check up on him

[11:24] {dino} tm rolling

[11:24] {dino} over

[11:24] {Threei} AET Hearing renewed takeover chatter circulating

[11:24] {Threei} - Wellpoint rumored as a potential acquirer (31.63, +0.60, 1.93%) (related WLP )

[11:25] {Threei} consolidation among insurers?

[11:25] {Threei} totally against common sense

[11:25] {Threei} if anything, they should be applying anti-monopoly regulations to them

[11:25] {dino} visn l .20 stop .09

[11:26] {gregns} good dino, someone else in my boat

[11:26] {Threei} VISN starts looking better

[11:26] {dino} aye aye cap'n

[11:26] {Threei} .20 break may be wor6th a try now

[11:27] {magoo} me three

[11:27] {nemo} oops

[11:27] {Threei} I'd still wait for a break

[11:27] {Threei} it bumps against this resistance for a while

[11:27] {nemo} "wait for the shake" ...wht movie Les?

[11:28] {Les} pulp fiction

[11:28] {Les} ?

[11:29] {nemo} no

[11:29] {nemo} History of the World, Part 1 -Mel Brooks

[11:29] {dino} ugh snda, wanted 38.50 pullback, no fill

[11:29] {fernp} if breaks VISN, stop is below .15 or below .10 Vad?

[11:30] {Les} never heard of it

[11:30] {nemo} your loss

[11:31] {RonS} MS reversal Vad?

[11:31] {Threei} no setup yet...

[11:31] {Threei} if spends some time closer to .50, break will become a play

[11:31] {dino} mkt wants up, gut

[11:32] {Threei} (US) Environmental Protection Agency (EPA) Head: Still Evaluating limits on long term carbon emissions for factories (related CARBX )

[11:32] {Threei} idiolts

[11:32] {fernp} visn stop, vad?

[11:33] {Threei} under .10

[11:33] {fernp} ty

[11:33] {Threei} GR) German Dept Fin Min Asmussen: Tells German lawmakers that aid for Greece is not under discussion

[11:34] {RonS} mkt responding to FXE...now 1.3725 from overnight low of 1.3592

[11:35] {Threei} see how they try to defend .20?

[11:35] {Threei} that's a dam

[11:35] {Threei} if broken, will flood

[11:37] {nemo} look at .17 now

[11:38] {Threei} well, bid at .15 is no slouch either

[11:38] {nemo} minefield stock

[11:39] {Threei} go off chart in this case

[11:39] {Threei} .10 and .20 your guidelines

[11:40] {dino} fti denies takeover rumor

[11:40] {nemo} while we're waiting

[11:40] {nemo} http://www.myfoxny.com/dpp/news/offbeat/nude-snow-woman-100303-apx

[11:41] {Les} only in america

[11:41] {fernp} USA is USA

[11:42] {nemo} inVADidate?

[11:42] {dino} visn stopped

[11:43] {fernp} me too

[11:43] {gregns} dam

[11:44] {nemo} look at the bid at .07

[11:44] {nemo} offer at .10

[11:44] {Les} look at offer .10

[11:44] {nemo} shut up les

[11:44] {dino} vnr

[11:44] {Les} I said it first

[11:44] {nemo} not by the log

[11:45] {nemo} offer at .10 gone

[11:48] {fernp} NTRI valid breakdown, Vad?

[11:49] {Threei} not delighted

[11:49] {fernp} thanks

[11:51] {Les} spls .69 b/d? (been jumping in and out of spls since .89)

[11:53] {Les} MS FITB breakdown. not all finnies equal today

[11:54] {Threei} SPLS is stalled

[11:55] {Les} well you released the curse

[11:55] {nemo} Vad let you out Les?

[11:56] {Threei} no, I gave him earplugs for the siren song

[11:56] {Les} no, vad spoke and spls dropped

[11:56] {RonS} Vad kept me out of MS, thnks

[11:57] {Threei} that was easy

[11:57] {Threei} the only reason for the trade is...

[11:58] {Les} fas b/d coming

06[11:58] * Threei looks around to see who tries to claim a door prize to be determined yet

[11:58] {Les} I'm off for a drink

[11:58] {nemo} like clockwork

[11:58] {Threei} les is out of contest

[11:58] {Threei} anyone?

[12:00] {Threei} wow, you guys are lazier than I am

[12:00] {Threei} and I thought it wasn't possible

[12:01] {RonS} db setup?...still waiting for mailing..

[12:01] {Threei} no, in general,

[12:01] {Threei} what is the only valid reason for a trade?

06[12:02] * Threei slaps whole room with various educational materials

06[12:02] * Threei removes himself to Tibet monastery

[12:02] {Les} if setup is met

[12:02] {Threei} and I thought you left

[12:03] {nemo} hoping he left

[12:03] {Threei} valid setup is the only reason for a trade

[12:03] {Les} kitchen and drink is 4 metres away

[12:03] {Threei} MS didn't have setup at the time,

[12:03] {Threei} no setup - no trade

[12:04] {Threei} Les's prize: he is not going to be slapped on the room entry till... wait for it... drumroll... till the END OF THIS WEEK!

[12:04] {Les} but I wanna be slapped

[12:04] {Les} I'm like Nemo

[12:04] {Threei} sigh

[12:04] {nemo} ?

[12:04] {Threei} Tibet looks better by minute

[12:05] {nemo} going through China or Pakistan?

[12:05] {Les} fas falling. jpm testing 200ma support

[12:06] {Threei} jumping with parachute

[12:07] {ese} lol there vad

[12:07] {nemo} you better bring two

[12:08] {Les} jpm .78 b/d?

[12:08] {Les} .77 b/d. big bid here

[12:08] {Threei} chart is right but it won't work without serious market cooperation

[12:09] {nemo} qs at 200 ma spy .05 mor cents down

[12:09] {Threei} considering amount of bacon and beer I am taking, two is a given nemo

[12:09] {Les} fas just found pivot. lets see

[12:09] {nemo} you mean vwap?

[12:10] {Les} crap sorry was looking at GS

[12:10] {Threei} look at this divergence again:

[12:10] {Threei} Market Internals update at 12:00pmET

[12:10] {Threei} - NYSE volume 355M shares, about 18% below its three-month average; advancers lead decliners by 3.1:1.

[12:10] {Threei} - NASDAQ volume 1.2B shares, about 27% above its three-month average; advancers lead decliners by 1.8:1.

[12:10] {Threei} - VIX index -3.25% to just below 18.50

[12:11] {Les} anything bad about this divergence?

[12:11] {Les} VISN

[12:11] {Threei} no

[12:11] {Threei} just very unusual

[12:11] {nemo} high volume on an up day...strength

[12:11] {nemo} NAS

[12:12] {Threei} I mean between NYSE and NASDAQ nemo

[12:12] {Les} l VISN .21

[12:12] {Threei} either big difference in activity between sectors, or NYSE losing business at alarming rate

[12:12] {dino} visn rinsed

[12:13] {dino} vad, i think we figured it out yesterday

[12:13] {dino} qsii stopped

[12:13] {Threei} coud be, it's just another manifestation of these strange volume phenomena

[12:13] {Threei} we mostly talked about volume discrepancy between red and green days yesterday

[12:14] {Threei} such huge enormity in volume change direction between NYSE and NASDAQ is something else

[12:15] {Threei} NYSE volume about 18% below its three-month average, NASDAQ volume about 27% above its three-month avera

[12:15] {dino} 'i feel it is the same reason, financials vs tech heavy

[12:15] {Threei} probably

[12:15] {Threei} must be connected

[12:17] {Threei} (GR) Moody's places five banks on review for possible downgrade (related EUR/USD SOVRX NBG )

[12:18] {Les} spls

[12:19] {dino} feels lower

[12:20] {RonS} Interesting pattern playing out on JOYG

[12:20] {nemo} cat at 200 ma

[12:21] {dino} mxgl

[12:23] {dino} sm s .80

[12:25] {dino} cov .43, +.37

[12:25] {dino} merger news

[12:28] {dino} raging rino hod

[12:29] {dino} csgp

[12:30] {dino} cf

[12:33] {dino} would like one more push up on csgp for s

[12:34] {Threei} here is what you do when you feel our work is done:

[12:34] {Threei} GM Chairman Lutz plans to retire, effective May 1

[12:34] {nemo} Lutz=klutz=putz

06[12:34] * nemo bored

[12:34] {dino} let me guess, barney frank new chairman

[12:35] {dino} better yet the union boss

[12:36] {dino} am i here?

[12:36] {Les} where is here?

[12:36] {dino} over there

[12:37] {nemo} going existential...

[12:37] {RonS} who's on first?

06[12:37] * nemo slaps RonS around a bit with a large Abbott and Costello recording

[12:38] {RonS} Aaabotttt!!!

[12:38] {Threei} GR) OECD's Gurria: IMF financing for Greece would be legitimate, a mixed EU/IMF package would be an option

[12:38] {Threei} - Does not believe anyone will loose money on Greece.

[12:38] {Threei} - Investors should be encouraged to roll over Greek debt.

[12:38] {Threei} loose?

[12:38] {Threei} sheesh

[12:39] {Threei} even I can spell that

[12:39] {dino} lol

[12:39] {dino} tell us how you really feel gurria

[12:40] {nemo} spls either testing the lows for the day or reay to keel

[12:40] {nemo} ready

[12:40] {Les} I'll take option number 2 for 500 thank alex

[12:41] {ese} Ron baby.......you fit right in to this board.....keep up the good work and above all else ....insult nemo as much as possible

[12:41] {dino} indeed

[12:42] {Les} well now that's just downright rude

[12:42] {nemo} Let's see...ese at #10, maybe...#8

[12:42] {nemo} pencil? pen?

[12:42] {ese} lol

[12:42] {Les} CY getting interesting

[12:43] {dino} oh man mxgl

[12:43] {nemo} scalper's regret

[12:43] {nemo} spls at day low

[12:43] {dino} yeah

[12:46] {RonS} CY volume smells to me like last accumulation before whomever busts this thing out...thoughts?

[12:46] {Les} visn stopped. going nowhere and 200 ma rapidly dropping from above.

[12:47] {Les} I wanna short CY Ron

[12:47] {Threei} (GR) ECB's Trichet: Greece measures on budget are 'convincing'; welcomed by the ECB (related NBG )

[12:47] {nemo} spls close to dropping

[12:47] {Les} CY is at yesterday's closing for support. below that its a short IMO

[12:48] {Threei} chorus of reassurances on Greece maakes me feel like I must go there urgently if I want to see it...

[12:49] {Les} spls come on dooooooooown

[12:49] {RonS} I show CY short volume at 17.2 mil shrs/4.3 days to cover...11.8% of float. Ergo ripe for squeeze...

[12:50] {Les} huh?

[12:50] {Les} i just go with the setup man

06[12:50] * nemo slaps Les around a bit with a large saw toothed meat cleaver

[12:50] {Les} lets say falling below yesterdays close .11

[12:51] {Les} aggressive s at .10 stop above .16

[12:51] {Les} wanna be sure, I wait for it to bounce back to .11, respect resistance and it drops again

[12:51] {larisa} whats agressive about it ? :)

[12:52] {dino} 3i reminds me of bear/lehman, no cause for concern, no capital needed

[12:52] {Les} yer right larisa, but i won't be presumptuous with others trading strategies :)

[12:52] {larisa} :)

[12:52] {nemo} fad fcx bounce play here .95 holding 90

[12:52] {nemo} ?

[12:53] {nemo} in range and at 200 ma

[12:53] {Les} think you were right

[12:53] {RonS} ...getting used to the shortened time frames here. I have always operated with a WWGD (what would Goldman do) fear.

[12:53] {nemo} this is bottom of range, volume coming in

[12:54] {Les} Ron, is it Ron Sen?

[12:54] {nemo} OMG!!!!

[12:54] {nemo} thought they made lighters

[12:54] {dino} ron jeremy

[12:54] {nemo} surfin' with magoo again

[12:54] {RonS} lol

[12:55] {nemo} so he quits

[12:55] {Les} ?

[12:55] {nemo} magoo

[12:55] {dino} or ron jon surfer dude

[12:55] {Les} am I surrounded by crazy people?

[12:55] {dino} ctct

[12:55] {nemo} pot talking to the kettle again

[12:55] {Les} just sticking the knife once more

[12:55] {nemo} you're not supposed to sit on it

[12:56] {Les} ouch

[12:56] {RonS} ...slapping myself with a trout...

06[12:56] * nemo slaps RonS around a bit with a large trout

06[12:56] * nemo slaps RonS around a bit with a large Charles River Trout

[12:56] {nemo} no such thing actually

[12:57] {RonS} ...just as long as it's not a Ron Jeremy trout...

[12:57] {nemo} He lectured at Emmanuel College last year Ron

[12:58] {RonS} where is that?

[12:58] {nemo} Fenway area

[12:58] {RonS} Fenway?

[12:58] {Les} out spls +.09 while it decides which way it wants to continue

[12:59] {nemo} oh sorry, made an assumption based on Les..that you were someone you're not

[12:59] {nemo} spls showing signs of bottoming action

[13:00] {nemo} or, could be DBI

[13:00] {Les} right, so it's not Ron Sen. just a big coincidence. sorry Ron

[13:01] {nemo} well, he hasn't actually confirmed or denied

[13:02] {Les} Well RonS if its not Ron Sen, a few of us follow the following board as well, which is why I asked if you were Ron Sen

[13:03] {Les} http://caracommunity.com/

[13:03] {dino} clw sm l ave .70

[13:04] {RonS} I wondered where i saw that name. Nope, not him. Do not blog Cara, just read...

[13:04] {nemo} is there a chart there

[13:08] {Les} ok. CY dropped below support. bounced with the Q's and might come down again. rather narrow though.

[13:09] {Les} hopefully picking up vol. and pace towards closing.

[13:25] {Threei} US Administration draft on Volcker rule to include language concerning ban of proprietary trading at banking institutions - unconfirmed report

[13:27] {Les} spls reversal?

[13:27] {nemo} maybe

[13:28] {Les} long .42 small shares

[13:30] {Threei} Long Setup: VXX .15

[13:32] {Threei} Fed's Lockart: Observing the Europe situation closely, bailout for Greece may likely include private capital - Q&A

[13:32] {Threei} - notes that the Fed is checking to see whether there will be any signs of contagion from the Europe crisis

[13:33] {Threei} low of this pullback will set a stop for VXX

[13:33] {fernp} MJN .40 break, Vad?

[13:34] {dino} avgo

[13:34] {Threei} I doubt it

[13:34] {fernp} ok

[13:36] {jfjf64} vad 15 break

[13:36] {Threei} stop under .10

[13:39] {dino} sm l arcl .14'

[13:40] {Threei} 1:1 for scalpers

[13:42] {jfjf64} ty buddy

[13:43] {Threei} welcome sir

[13:43] {magoo} what u take/ just .05 cents

[13:43] {jfjf64} 6

[13:44] {Threei} depends on size

[13:44] {Threei} with 5 cents stop you can take bigger shares

[13:44] {jfjf64} 3500 shares

[13:44] {Threei} (US) Preview: Fed Beige Book survey of regional economic activity to be released at 14:00ET

[13:44] {Threei} **expectations are for another mixed report, but could be dampened by the winter storms seen in the first two months of 2010.

[13:45] {magoo} i have 1k, still in

[13:47] {Threei} GR) French Budget Min: Confirms there is no French/German aid plan in the works at the moment

[13:47] {Les} that is scary to watch a stock jump like that - ARCL

[13:48] {Threei} after seeing MDVN something else can scare you?

[13:48] {Les} hyperbole on my part. long arcl .29

[13:49] {Threei} uh oh

[13:49] {Threei} dino

[13:49] {Threei} French Budget Mnr

[13:49] {Threei} Does not believe France faces or will face similar problems as Greece

[13:49] {dino} guess who's on tv

[13:50] {Threei} (US) President Obama; Health Care vote should be determined by simple majority

[13:50] {Threei} told you that bill will be shoved down your throat

[13:51] {Threei} situation will become worse if we do nothing

[13:51] {Threei} - rejects Republican calls to start over

[13:51] {Threei} - requests Congress set a date for vote on Health Care reform next week

[13:51] {dino} hsa's are the only way to control this heath mess

[13:52] {Threei} so how long before France says oops?

[13:53] {Les} what, the french admit a mistake? good luck there

[13:53] {strider} MDVN

[13:53] {Threei} - notes that the reform in healthcare will cost $100B and originate from the $2T the US spends

[13:53] {Threei} 100B?

[13:56] {Threei} ILI Report Genetic Test Improves Weight Loss Success With Diets

[13:57] {Threei} hmm

[13:57] {larisa} if you diet you loose weight they mean?

[13:57] {Threei} 1.50 is interesting zone to break on daily

[13:57] {dino} and if you eat less you do too

[13:57] {Threei} - Clinical Data Presented Today at the American Heart Association Meeting by Stanford Researchers Show Statistically Significant Improvements in Weight Loss and Metabolic Parameters when Diets are Compatible with an Individual's Genotype

[13:57] {Threei} - Individuals on genotype-appropriate diets lost 5.3 percent of body weight compared to individuals on diets not matched to their genotype, who experienced only 2.3 percent weight loss (p=0.005);

[13:57] {Threei} The weight loss differences were even stronger when considering the individuals who were trying to follow the lowest carbohydrate (Atkins) and the lowest fat (Ornish) diets: 6.8% weight loss for those whose genotype matched the diet they were following vs. 1.4% for those not matched to their genotype (p=0.03);

[13:57] {Threei} The statistical significance of the findings increased when taking into account the actual diet habits reported by study participants (rather than just the specific diet they were asked to follow);

[13:57] {Threei} Improvements in clinical measures related to weight loss (e.g., blood triglyceride levels) paralleled the weight loss differences

[13:57] {larisa} why did I ask :)

[13:58] {dino} somebody had to

[13:58] {Threei} lol

[14:00] {Threei} *(US) FED'S BEIGE BOOK:ECONOMY IMPROVED IN 9 OF 12 DISTRICTS; SNOW STORMS CURBED ACTIVITY IN SOME DISTRICTS

[14:02] {Threei} beige book is long, but actually sounds not too bad

[14:03] {magoo} man, there goes rimm

[14:08] {dino} tear down that hod rino

[14:15] {jfjf64} sellin

[14:16] {jfjf64} vxx

[14:16] {jfjf64} .20 vad

[14:16] {Threei} if market repeats yesterday and breaks down

[14:18] {jfjf64} lks lk nother leg dn coming fill gap

[14:22] {jfjf64} hmm

[14:24] {dino} snda

[14:26] {Threei} mags... VXX finally works for you

[14:26] {dino} all red

[14:26] {dino} he left

[14:27] {Threei} just when his stock moves?

[14:27] {Threei} what kind of timing is that

[14:27] {Les} spls crapped itself and I was at dinner.... bounce time here maybe

[14:27] {dino} who is magoo?

[14:27] {Threei} lol

[14:28] {dino} you got that

[14:28] {dino} snda sm l .40

[14:28] {Threei} http://en.wikipedia.org/wiki/File:MagooAndDog.jpg

[14:31] {nemo} you have magoo and deer also

[14:40] {dino} you get spls les?

[14:40] {Les} bit of the bounce yes. underestimated it though

[14:40] {Les} full on reversal that is

[14:41] {Les} gotta learn to protect profits a bit better

[14:42] {Les} CY crashing

[14:45] {nemo} markets repeating yesteray

[14:45] {nemo} yesterday

[14:46] {jfjf64} vxx

[14:46] {jfjf64} guess we sellin boys

[14:47] {Threei} we sure are

[14:47] {nemo} Les...this one should be easy...."Meat is back on the menu boys."

[14:47] {Les} LOTR 2

[14:48] {Les} and this one:

[14:48] {nemo} o.k. now..."Soylent Green is people"

[14:48] {Les} dunno

[14:48] {nemo} Soylent Green starring Charleton Heston and Edward G. Robinson (his last movie)

[14:49] {Les} It is I, his chronicler, who knows his story well. Now let me tell you of the days of high adventure

[14:49] {nemo} Having brain fart...I know this one

[14:50] {Les} don't be googling it

[14:50] {nemo} if I were doing that I'd have the answer already

[14:51] {Les} bucy

[14:51] {nemo} never saw that one

[14:51] {Les} BUCY

[14:51] {nemo} looks like fcxy

[14:51] {nemo} fcx

[14:52] {Les} c'mon dino, he's american royalty now

[14:53] {ese} .

[14:54] {dino} huh?

[14:54] {nemo} Ohhhhh...Les...same movie as "What is the definition of good?"

[14:54] {Les} no idea?

[14:54] {dino} "i know let's have a spelling bee"

[14:54] {jfjf64} da bounce

[14:55] {nemo} To see your enemies driven before you (forgot the 2nd part) and to here the lamentation of their women"

[14:55] {Les} no dino

[14:55] {Threei} this is what FDA is busy with:

[14:55] {Les} sounds familiar

[14:55] {dino} tombstone

[14:55] {Threei} Diamond Foods, Inc. Plans to send FDA response to earlier warning letter within 15 working days, notes FDA did not ask for products to be removed

[14:55] {Threei} ***Reminder: On 3/3 the FDA disclosed it sent Diamond Foods a warning letter for misleading claims dated 2/22. In it, the FDA stated it had reviewed the label for "Diamond of California Shelled Walnuts" products and website at www.diamondnuts.com. Based on review, FDA concluded that walnut products are in violation of the Federal Food, Drug, and Cosmetic Act (the Act) and the applicable regulations in Title 21, Code of Federal Regulations

[14:55] {nemo} o.k. spell "omphaloskepsis"

[14:55] {nemo} No Conan

[14:55] {Threei} Shelled Walnuts

[14:55] {nemo} The little chinese guy at the beginning of the movie, the shaman said your quote les

[14:56] {Les} y

[14:58] {dino} back in 10

[14:59] {nemo} I could here the music in my head Les...took me afew

[14:59] {Les} I have great admiration for the man, despite denigrations made about his politics

[15:02] {nemo} the guy strives for excellence always has

[15:03] {Threei} CRIS Hearing Rodman & Renshaw raises price target to $6 from $3 (timing uncertain) (3.29, +0.22, 7.17%)

[15:08] {Threei} dino, you are going to love it

[15:08] {Threei} running line at the bottom of the screen, CNN, giving some twitter responses, says:

[15:09] {Threei} Atlas Shrugged is coming, more and more poor, less and less working. Signed: JohnGalt

[15:09] {dino} lol

[15:09] {Les} I've gotta read this book. got me curious now

[15:10] {dino} you must if you wish to stay in this room

[15:10] {nemo} you must also read The Fountainhead and Anthem

[15:11] {Les} unfortunately list of texts for this semester's uni is ridiculously long. I am busy until June.

[15:12] {nemo} for what are you going?

[15:12] {Les} le Carre's spy who came in from cold, Dr NO, Carrie, sherlock holmes, blade runner, dracula and 1 aussie novel

[15:13] {nemo} oh thought you were going to school

[15:13] {Les} am. English literature. Bachelor

[15:13] {nemo} ahhh

[15:13] {Les} this semester. popular literature

[15:17] {magoo} vad..we in anything?

[15:17] {nemo} coma

[15:17] {Threei} ot right now

[15:17] {nemo} nice typing

[15:17] {Threei} but your VXX worked like charm

[15:18] {magoo} y7ea..out iof thayt

[15:18] {nemo} ?

[15:18] {Threei} I sent him my former keyoard nemo

[15:19] {nemo} ahhh

[15:19] {Threei} now he types on that

[15:19] {magoo} i was doing so well too

[15:19] {nemo} yeah, the russian stick on letters must screw him up

[15:19] {jfjf64} hey 3i ya woke up

[15:19] {Threei} OXGN Strength attributed to promising results reported in animal model of OXGN's vascular disrupting agent OXi4503 (1.37, +0.15, 12.30%)

[15:19] {Threei} no jf

[15:19] {Threei} I never do that

[15:20] {Les} http://miburl.com/g8GOcT

[15:20] {Les} govt's getting scared

[15:20] {Les} dangerour

[15:20] {Les} dangerous

[15:20] {Les} or both

[15:21] {Les} or what these traders are doing is illegal?

[15:21] {Threei} euro is toast

[15:21] {Threei} has been from he getgo

[15:22] {fernp} Good evening everybody. See you all tomorrow

[15:22] {Les} ciao

[15:22] {Threei} take care fern

[15:22] {jfjf64} later

[15:23] {dino} cya

[15:28] {Les} slw .55 b/d for type 1?

[15:28] {Les} pm's are breaking down

[15:29] {Les} forget it

[15:32] {nemo} quite the range trade mdvn was all day

[15:33] {Threei} interesting thingh about these patterns over last few months is,

[15:33] {Threei} once established, they tend to stay with us for a good while.

[15:33] {Threei} So, in light of that, if we have close chart tomorrow, let's try and capitalize on coming eod drop

[15:34] {Threei} we did a little, on VXX, but not to the extend it was capable of

[15:34] {Threei} this is second day of the pattern

[15:34] {nemo} oops LASER crashed

[15:34] {Threei} not here

[15:34] {nemo} frickin' Trevor

[15:34] {larisa} fine here too

[15:34] {nemo} I'm sure it's Vista related

[15:35] {Threei} ewww

[15:35] {Threei} vista

[15:35] {Threei} Market Internals update at 3:30pmET

[15:35] {Threei} - NYSE volume 685M shares, about 15% below its three-month average; advancers lead decliners by 1.2:1.

[15:35] {Threei} - NASDAQ volume 2.17B shares, about 22% above its three-month average; advancers lead decliners by 1.1:1.

[15:35] {Threei} - VIX index +0.25% to just over 19.00

[15:36] {nemo} wow did it again

[15:41] {Threei} interesting enough AET and others do not react on all this healthcare hoopla

[15:43] {Les} got taken out of ARCL flat. frustrating experience that was

[15:43] {Threei} same narrow range as yesterday

[15:47] {Threei} 6 SP points?

[15:47] {Threei} 3 out of 4 is satisfactory for me in this range

[15:51] {ese} ya well ya know.....i'm outta here still with a position in seed....catch you all tomorrow

[15:51] {Threei} take care ese

[15:51] {ese} see ya vad

[15:51] {billyc} see you guys

[15:51] {Les} ciao

[15:52] {Threei} okay guys, no more trades

[15:52] {magoo} ok..ty

[15:52] {Threei} thank you all, have a good evening

[15:52] {Threei} see you tomorrow

[15:52] {Les} thanks ciao

[15:52] {larisa} bye all :)

[15:54] {dino} cutting snda around flat, swm too

[15:55] {dino} arcl out .52, +.38

[16:00] {dino} .55 snda

[16:01] {dino} funny, ndx, s/p closed at 1851 and 1118 yesterday too

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