Mar 12 2010

One more flat day. ZION long worked first thing in the morning, then BBY got stopped, and nice play on IPO AVEO was called as discretionary, for momo traders - worked out nicely but to keep a record clean, I usually do not include those. Finishing 5th week with no losing days, I probably was a bit too careful but then again - very narrow day didn't provide a lot of opportunities anyway.

Session Time: Fri Mar 12 00:00:00 2010

[08:11] {nemo} Where's Les, I wanna' slap him...

[08:12] {Threei} tsk tsk tsk... morning starting with violence...

[08:12] {nemo} Interesting...rimm did not have a good day yesterday and did not partake of the afternoon festivities

[08:12] {nemo} that's not violence...love tap

[08:13] {Threei} IATA lowers 2010 airline industry loss forecast to $2.8B from $5.6B prior

[08:13] {Threei} - 2009 loss target lowered to $9.4B v $11B prior

[08:13] {Threei} - 2010 improvements to be driven by growth in Latin America and Asia

[08:13] {Threei} - 2010 Atlantic and Euro markets to remain soft

[08:13] {Threei} - 2010 passenger demand seen +5.6% y/y, yield +2%

[08:13] {Threei} - 2010 cargo demand seen +12% y/y, yield +3.1%

[08:13] {Threei} - 2010 avg fuel price seen at $79bbl v $75bbl prior

[08:13] {Threei} - 2010 sector rev seen at $522B v $478B prior

[08:30] {nemo} what report just hit

[08:30] {Threei} *(US) FEB ADVANCE RETAIL SALES: +.0.3% V -0.2%E; EX AUTOS: +0.8% V +0.1%E

[08:30] {Threei} consumer is back

[08:31] {nemo} I wonder how much of that is gas?

[08:31] {Threei} - Retail Sales Ex Auto&Gas: 0.9% v 0.3%e

[08:31] {Threei} just ask

[08:31] {nemo} Many people have quit paying their mortgages too and are spending that money

[08:32] {nemo} It's amazing...think of those people who basically got the brass ring...They'll get to keep their houses for free

[08:33] {Threei} that'll backfire in the future

[08:33] {Threei} badly

[08:33] {nemo} no it won't...politicians won't allow it, they'd lose their jobs

[08:33] {Threei} it will in a sense of a moral hazard

[08:34] {Threei} if my neighbor can stop patying ad get away with it, why do I pay

[08:34] {nemo} society is a moral hazard...from banking to financing pregnancies leading to multi-generational dependence

[08:34] {Threei} welcome to avalanche

[08:34] {Threei} new wave of delinquiencies

[08:34] {Threei} new problems for barely stabilized finance industry

[08:35] {nemo} nope...government backstop printing presses

[08:35] {Threei} and govt having no choice but somehow resolve it, because it's obviously their doling this time

[08:35] {Threei} so new bailouts

[08:35] {Threei} in the time when masses have no more patience for that

[08:35] {Threei} yeeech

[08:35] {nemo} what

[08:36] {nemo} rimm falling

[08:36] {Threei} can't end well

[08:36] {Threei} RIMM Kaufman removed from Focus List; Maintains Buy rating

[08:37] {nemo} if we have a pullback rimm could fall

[08:37] {nemo} Buenas dias senor fern

[08:37] {Threei} I wonder if UAUA is on the verge of final spike

[08:37] {nemo} kick myself in the ass for missing that fas spike on that report

[08:38] {Threei} FITB new annual high

[08:46] {Threei} (EU) French President Sarkozy: Would not reject the idea of European Monetary Fund (EMF) (related EUR/USD )

[08:57] {fernp} Good morning everybody

[08:57] {Threei} fern :)

[09:08] {dino} gm all

[09:08] {Threei} dino :)

[09:08] {strider} morning dino. Morning everyone.

[09:08] {dino} :)

[09:08] {Threei} strider :)

[09:08] {strider} Mr. vad.:)

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

[09:10] {nemo} lari :)

[09:10] {dino} lots of smiles

[09:10] {larisa} nemo, dino, vad (when he wakes up)

[09:11] {Threei} larisa :)

[09:11] {Threei} we are smiley bunch in the morning, except nemo - he starts his day with violence

[09:11] {Threei} [08:11] {nemo} Where's Les, I wanna' slap him...

[09:11] {Threei} [08:12] {Threei} tsk tsk tsk... morning starting with violence...

[09:13] {nemo} [08:12] {nemo} that's not violence...love tap

[09:15] {dino} gm larisa

06[09:15] * nemo slaps Les around a bit with a large trout

[09:15] {Les} haha

[09:15] {Les} beat me to the punch line

[09:16] {Les} afternoon and a good weekend to all

[09:16] {Threei} les :)

[09:16] {Les} I wanna be Mr. Smiley too :)

[09:17] {nemo} old age and treachery beats youth and speed every time, Les

[09:17] {dino} cf

[09:18] {dino} agu, mos, pot

[09:18] {nemo} yeah...potash prices strengthening..pot doubled guidance yesterday

[09:19] {dino} looks like cf gets terra

[09:19] {dino} 92 support?

[09:20] {nemo} on what, cf?

[09:22] {Les} $ taking a hit this morn

[09:24] {dino} yes nemo

[09:25] {jfjf64} mornin

[09:25] {Les} IMAX loitering just below 16 with some vol coming in

[09:26] {Threei} jf :)

[09:26] {lasertrev} good morning

[09:26] {Threei} trev L(

[09:26] {nemo} 93 area looks pretty strong to me down to 92.60 or so

[09:27] {Les} sorry, my idiotic chart has frozen. IMAX last above 16

[09:29] {jfjf64} anythin on radar vad

[09:30] {Threei} UAUA

[09:31] {Threei} want to try long on pullback

[09:32] {nemo} wow..my system locked

[09:32] {magoo} morn

[09:32] {Threei} mags :)

[09:32] {Les} hey mags

[09:32] {magoo} in any?

[09:32] {dino} you running a toyota nemo, locked

[09:33] {nemo} ha ha ha ...forgot to laugh

[09:33] {Les} seems new meaning has been introduced into english language, concerning toyota

[09:33] {magoo} point dive RIMM

[09:34] {Les} dino, you watching CF today?

[09:34] {Les} cf

[09:34] {magoo} AIG reversed

[09:34] {dino} yes

[09:34] {dino} scanners all red

[09:35] {Threei} Long Setup: FITB .50 break

[09:35] {Threei} if stays above .40

[09:37] {Threei} Long Setup: ZION .65 half lot if stays above .50

[09:37] {nemo} oops

[09:37] {magoo} in Z

[09:39] {Les} scalp taken ty

[09:40] {Threei} AIG all the way back

[09:41] {Les} uaua 200ma

[09:44] {Threei} ZION 1:1

[09:45] {Threei} KOG?

[09:45] {Les} imax

[09:45] {Threei} US) Preview: March Preliminary University of Michigan Confidence Index due out at 09:55ET

[09:45] {Threei} **consensus expectation: 74.0e v 73.6 prior final (estimates range from 71-78)

[09:45] {Threei} US) Preview: Jan Business Inventories due out at 10:00ET

[09:45] {Threei} **consensus expectation: 0.1%e v -0.2% prior

[09:45] {Threei} - estimates range between -0.1% to +0.3%

[09:45] {dino} nsm

[09:48] {Les} chrw .30 b/d?

[09:49] {Threei} no read

[09:49] {fernp} WFC .90 break, Vad?

[09:50] {Threei} most likely, yes

[09:51] {dino} jcg sm l .95

[09:52] {RonS} BBY, if the cons sent no. extends this run, do you chase?

[09:52] {dino} nsm l .45, stop lod

[09:52] {Les} IMAX .40 b/d vad?20 cent stop

[09:52] {Les} forget it

[09:52] {Threei} already did

[09:53] {Threei} Ron... no

[09:54] {Threei} let's try to find pullback

[09:54] {magoo} MGM LVS

[09:54] {Threei} they all soar... look LULU

[09:54] {Threei} but chasing will get you shake out more often than not

[09:54] {Threei} there is a clear support at 40.10, BBY

[09:55] {Threei} *(US) MARCH PRELIM UNIVERSITY OF MICHIGAN CONFIDENCE: 72.5 V 74.0E

[09:55] {Threei} with new numbers coming, it's a new round

[09:55] {Threei} look what chasing would have gotten you into

[09:56] {Les} Vad, CL. 84 b/d or .10 b/o. multi directional?

[09:57] {nemo} spy and Qs might be DBing

[09:57] {Threei} could be but half lot only Les

[09:57] {Les} ok

[09:57] {Threei} bulimic

[09:58] {Threei} BBY, .15 break now

[09:58] {Threei} if stays above .05

[09:59] {dino} scok again

[10:00] {nemo} don't think confidence numbers will do anything today

[10:00] {Threei} US) JAN BUSINESS INVENTORIES: 0.0% V 0.1%E

[10:00] {Threei} [AVEO] IPO opens for trade at $8.25

[10:01] {Threei} Aveo Pharmaceuticals Inc

[10:02] {nemo} weird morning

[10:03] {dino} all red

[10:03] {fernp} BBY no go

[10:04] {Threei} AVEO can go ballistic

[10:04] {nemo} interesting...by all accounts that retail report was "good" news market not liking it now

[10:04] {magoo} we in AVEO?

[10:04] {dino} up 21 of 23 days

[10:08] {Threei} momo players

[10:08] {Threei} watch AVEO for .50 break

[10:09] {magoo} RIMM if holds 75

[10:12] {magoo} rimm vad..around 74.60 area?

[10:12] {jfjf64} zqk

[10:13] {Threei} how do I know while it's near 75?

[10:13] {magoo} no...i meant as a bounce are

[10:13] {Threei} I understand, but I need to see how it gets there, what it does when it's there

[10:14] {magoo} if recrosses 75 im long

[10:14] {nemo} definitely a support area

[10:14] {magoo} nice bounce AIG

[10:14] {Threei} I can sometimes define support if there is something within today's range to indicate it, but it's beyond today's range,

[10:15] {Threei} nor there anything on daily to suggest support there

[10:15] {nemo} remember that REM bounce I call I made in December you took for a buck? That was on month old support

[10:16] {Threei} in Decmebr?

[10:16] {Threei} lol

[10:16] {nemo} What day is today Vad?

[10:16] {Threei} March

[10:16] {Threei} this much I know

[10:16] {nemo} phewww

[10:17] {Threei} and the only thing I remember about December is that there was one

[10:18] {dino} it's xmas

[10:19] {magoo} l rimm here

[10:22] {dino} cf sm l .00

[10:24] {dino} stopped -.31

[10:26] {nemo} Guten Morgen Herrn K

[10:27] {magoo} offering RIMm .20 area

[10:28] {RonS} Is CAT setting up for a run?

[10:29] {Threei} no idea, so far pretty random

[10:29] {magoo} may be .40 area exit

[10:29] {Threei} 10:25] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[10:29] {magoo} .80 entry so i got room to run

[10:29] {Threei} lol

[10:29] {Threei} why does it entertain me so much

[10:30] {Threei} who took AVEO, game plan:

[10:30] {magoo} AONE

[10:30] {Threei} offer half .72

[10:31] {Threei} AON Shares have moved out to new session highs following CNBC mention (41.52, +0.20, 0.48%)

[10:32] {Threei} stop to under .50

[10:36] {dino} nav sm l .25

[10:36] {magoo} cf l recross .50 IF

[10:38] {magoo} waiting rimm .47

[10:38] {Les} imax

[10:38] {magoo} in CF .55

[10:40] {magoo} AMLN demolished

[10:40] {magoo} bad news

[10:40] {Threei} AMLN Reportedly FDA posts inspection report citing inappropriate quality controls at Ohio plant (20.12, -1.07, -5.05%)

[10:40] {RonS} dino play...

[10:42] {magoo} wow AMLN bounce

[10:43] {Threei} monster

[10:43] {magoo} say that again

[10:43] {Threei} monster

[10:43] {magoo} :)

[10:44] {Threei} Negatives for Pelosi, Reid, Boehner Hit Record Highs

[10:45] {dino} cf lod

[10:46] {Threei} (EU) EU' Rehn: EU would lose credibility if it let Greece collapse

[10:47] {magoo} stopped

[10:47] {magoo} cf

[10:48] {dino} pll lod

[10:50] {Threei} Long Setup: ZION .25 break if stays above .20

[10:58] {Les} zqk testing resistance at .70

[11:00] {magoo} inzion now

[11:00] {nemo} where at .20?

[11:02] {magoo} whenever i scalp it..rimm launches...when i try for a move...nada

[11:03] {Les} damn. aig reversed at yesterday's closing again

[11:04] {magoo} aig if IF takes ,,50 long

[11:05] {Les} me no. it fell off a cliff under 50/200 ma at 10:45. the stock is wandering in cyberspace wilderness now

[11:06] {Les} no vol, direction etc. was a cash machine monday, now an expensive overdraught :)

[11:07] {Les} zqk popped

[11:08] {fernp} HSY 42 break, Vad?

[11:08] {Threei} most likely, yes

[11:08] {fernp} .95 or .90

[11:08] {Threei} very nice juicy offer to break

[11:09] {Threei} both are vaslid

[11:09] {Threei} valid

[11:09] {fernp} ty

[11:11] {magoo} i may let rimm run...

[11:11] {Threei} (US) CNBC's Liseman: Dodd financial reform bill would limit Fed to supervising banks with $100B+ in assets

[11:11] {Threei} - Compromise would put consumer financial products agency in the Fed.

[11:11] {Threei} - Parties still working on derivatives compromise

[11:13] {Les} Fed can continue to scheme with biggest banks hey - good boy Dodd

[11:13] {Les} Vad, you interested in zqk pullback here?

[11:13] {Threei} not really

[11:14] {Threei} Financial products agency in the Fed? talk about fox and henhouse

[11:14] {Les} well I hope you're here to lead me through the next big crash...

[11:15] {Threei} who says there will be one

[11:15] {Threei} and

[11:15] {Threei} we survived last one very nicely

[11:15] {Threei} having prolonged winning streak in those crazy months

[11:15] {Les} that's what I'm thinking. I can presume human nature to do same stupidity once again at some point in future

[11:16] {Threei} well yeah

[11:16] {Threei} but as far as nearest fture is concerned, I don't buy all these alarming screams about crash coming immediately

[11:16] {Threei} calls for double dip, for retesting of 666

[11:16] {Les} ah no, not what i meant

[11:17] {jfjf64} market breakin

[11:17] {Threei} IMO, not going to happen - not until next bubble develops and bursts

[11:17] {Les} S&L was what? 80's , 90's?

[11:17] {Les} tech bubble 2000

[11:17] {Les} housing 2007

[11:17] {Threei} well, I think they will become more frequent now

[11:17] {Les} voila

[11:17] {Les} was about to say same thing

[11:17] {dino} s&l 80s

[11:18] {Threei} general instability incorporated in the system comes to a head

[11:18] {Les} ok so frequency contracting

[11:18] {Threei} and starts manifesting itself more actively

[11:19] {Threei} unless the system itself goes through serious remodeling, crisis mode will become almost a normal mode soon

[11:19] {Threei} but this "soon" is still not measured in months

[11:19] {Les} hmm. wonder what happens when crisis is normalised in western societies?

[11:20] {Threei} financial system crash on one of the extremes

[11:20] {Threei} it won't be normalized

[11:20] {Threei} it will just become so friequent and so strong that stanility will be lost

[11:20] {Threei} stability

[11:20] {Les} yeh, being a new norm

[11:21] {Les} was thinking social consequences:

[11:21] {Threei} hope for salvation is, enough people realize that the problem is not in bad behaviior of this or that bank or executive

[11:21] {Les} http://miburl.com/vmWrYj

[11:21] {Threei} and start voting in people who want real reform of the system that produces such behavior

[11:21] {Les} sure

[11:22] {Threei} then the very existence of this ugly conglomerate of Fed and govt comes into question

[11:22] {Threei} fed gets abolished

[11:22] {Threei} central bank becomes public

[11:23] {Threei} conflict of interests between lender and borrower is eliminated,

[11:23] {Threei} spending gets reigned,

[11:23] {Threei} and situation gets a chance to come back to normal

[11:23] {Threei} That's my scenario for a cure

[11:23] {Les} to reach such a moment, will, in the memorable phrase of Dickens, be "Hard Times"

[11:24] {Threei} Amylin Pharmaceuticals Inc Comments on FDA inspection reports, notes it addressed these findings in previous public statements

[11:24] {Threei} - States that it previously said the FDA's observations are addressable.

[11:24] {Threei} don't know... I am no Nostradamus

[11:24] {Threei} things happen quickly

[11:24] {Threei} changes reach magnitude unthikable just a few short years ago

[11:25] {Threei} straw poll among youth republicans a month or so ago showed most popularity for who do you think

[11:25] {Threei} Ron Paul, out of all candidates

[11:26] {Threei} think about it... youth didn't go for more glamorous candidates,

[11:26] {Les} so they aren't stupid

[11:26] {Threei} they were more enamored with one who calls for Fed abolishment

[11:27] {Threei} huge problem is - this is not really segment of life where common sense and people's intuition helps much

[11:27] {Threei} it's jst too complicated and specialized

[11:27] {Threei} hard to expect the layman to understand all the implications of Fed existence or abolishment

[11:30] {Threei} JPMorgan Chase and Co CEO Dimon: support 70-80% of the regulatory reforms being proposed in Washington including the consumer protection agency

[11:30] {Threei} - must allow banks to fail in the future, and "banks should pay for bank failure."

[11:30] {Threei} - notes small business is starting to show improvement, middle market companies doing better than many people believe.

[11:33] {magoo} aig

[11:34] {magoo} l .50

[11:35] {magoo} vad..u out ZION?

[11:36] {Threei} I never took it

[11:36] {Threei} it invalidated

[11:36] {Threei} it's all yours

[11:36] {magoo} ah..i took .23

[11:36] {magoo} out here then

[11:36] {Threei} wtg

[11:36] {magoo} i guess

[11:37] {Threei} US) House Speaker Pelosi: Would like to see vote on healthcare reform next week

[11:37] {Threei} she would, wouldn't she

[11:38] {Threei} - Overhaul of student loan program will be included in the healthcare bill.

[11:38] {Threei} good idea... let's also include carbon tax, financial reform and travel advisory in there

[11:39] {dino} well, that is the plan, since they can't get these approved the traditional way

[11:39] {dino} it's the "we know what is good for you" play

[11:39] {Threei} yup

[11:40] {Threei} you are ahainst it? you arfe just too stupid to know what is good for you

[11:40] {Threei} but worry not

[11:40] {Threei} we do

[11:40] {dino} exactly

[11:40] {dino} textbook vs real world

[11:40] {Threei} go back to your Survivor, grab that beer, we will take care of you by taxing those damn rich folks

[11:41] {Threei} oh, and sign that union card on your way to sofa

[11:41] {dino} the flaw of course is that the rich are not stupid, otherwise they would not be so rich

[11:41] {Threei} TM Exec: Have not reached decision yet on extending incentives (76.89, -0.05, -0.06%)

[11:41] {dino} amsc luv today

[11:42] {RonS} "Don't tax you, don't tax me, tax that man behind the tree."

[11:42] {RonS} Huey Long

[11:42] {dino} lol

[11:45] {dino} the politics of envy; you got it, i want it, too lazy to figure how to get it, so destroy it

[11:45] {magoo} out rimm here .48

[11:45] {magoo} +.68

[11:46] {Threei} beautiful

[11:46] {patience} very nice magoo

[11:46] {dino} gj

[11:48] {jfjf64} nice magoo

[11:49] {Les} out aig +.20, after stopping -.05 on long with mags

[11:49] {jfjf64} nice les

[11:49] {Les} too much trouble, aig

[11:49] {Les} only liked it monday

[11:51] {magoo} aig stopped

[11:51] {dino} gj les

[11:53] {Les} I've been reflecting on the nature of momo

[11:53] {Les} it really is a rare beast we encounter

[11:53] {Les} once per month maybe?

[11:54] {Les} AIG had some good setups tuesday, one or two wednesday, but not the same thing

[11:55] {Les} TM taking that kicking was great, but only happened once

[11:57] {Les} following a momo event, more money is lost than won

[11:58] {Threei} once per month sounds exaggerated

[11:58] {strider} Ah, a phiLESopher

[11:58] {Threei} it depends on market, some environemtn is more conducive to momo plays than others

[11:59] {Les} that I've played, TM with you, AIG recently. yeh sure it changes. but i wasn't here last summer

[11:59] {Threei} but even now we had AIG, TM, SEED,

[11:59] {Threei} TIVO

[12:02] {Les} right, but it's just a brief moment. to recognise what it is and not to hesitate - nirvanah

[12:02] {RonS} dino, see anything w/ PCX?

[12:02] {dino} down

[12:03] {dino} gap around 19.75

[12:03] {dino} strange day for my style

[12:04] {dino} igk drop

[12:05] {dino} bad print

[12:05] {RonS} must be...

[12:08] {fernp} UAUA hod

[12:11] {fernp} 1:1 UAUA 6 cents scalp

[12:12] {Threei} (EU) ECB's Trichet: Asked about violations of the ECB's stability pact rules regarding 3% debt to GDP, says it is unfortunately a problem being seen in all industrialized countries - Fox News interview

[12:12] {Threei} - Euro has "delivered the promise of price stability" to Euro Zone states.

[12:12] {Threei} - Euro inspires confidence, does not compete with the dollar.

[12:13] {dino} real confidence inspiring when members lie/cheat

[12:14] {Threei} IMF's Lipsky: There is some justification for significant optimism out the economic outlook

[12:17] {Threei} [08:37] {Threei} I wonder if UAUA is on the verge of final spike

[12:20] {Threei} Treasury's Sec Geithner: US economy is starting to come back and could emerge as a leader

[12:20] {Threei} yes - if you guys get out of the way

[12:23] {RonS} elves & knaves; w/ no Reagan on the horizon

[12:24] {RonS} ...and Volker cashiered into a caricature.

[12:24] {dino} vad, these's your 666 you spoke of earlier

[12:25] {dino} ron reagan was the man.

[12:25] {dino} most terrifying words spoken, "i'm from gov't and i'm here to help" reagan

[12:26] {Threei} yeah

[12:26] {dino} rino charging today

[12:31] {RonS} reagan (during a CA guv redwood cutting controversy): "If you've seen one redwood, you've seen them all."

[12:31] {dino} roflol

[12:31] {dino} this country needs another reagan

[12:32] {RonS} ...converted Democrat...like Saul of Tarsus.

[12:33] {dino} mkt drop

[12:46] {strider} BA

[12:48] {strider} vad, whatcha think of UAUA as inverse c&h?

[12:50] {strider} never mind.:)

[12:50] {Threei} lol

[12:51] {dino} wampq ouch

[12:51] {strider} BA break?

[12:53] {RonS} strider, you may want to lookd at PCP v BA...

[12:56] {dino} another 6 pt s/p day

[12:56] {strider} thanks, Ron

[12:57] {RonS} IVAN? opinions?

[12:57] {dino} giddy-up

[12:57] {dino} mkt that is

[12:59] {fernp} TWI any read, Vad?

[13:02] {fernp} 1:1 TWI ty :-)

[13:02] {Threei} lol

[13:02] {Threei} yw

[13:11] {dino} out nav .65, +.40

[13:16] {larisa} gj

[13:17] {dino} ty took hours

[13:19] {fernp} USB hitting 26.00

[13:24] {fernp} WCRX 26.10 break, Vad? you think is good idea?

[13:25] {Threei} hmmm

[13:26] {Threei} with market locked as it is, there is no way for me to tell successful break from return to the range

[13:26] {fernp} same thing for USB 26 break, no?

[13:27] {Threei} USB is a bit different

[13:27] {Threei} this is salmon

[13:27] {Threei} has better chances

[13:27] {fernp} ok

[13:27] {fernp} ty

[13:28] {fernp} under .93 is correct?

[13:28] {Threei} or .90

[13:29] {nemo} wow quite the backup at 26

[13:39] {dino} rino to .99

[13:41] {dino} out rino slip ave .93, +.43

[13:44] {Threei} wtg

[13:46] {dino} ty slow day

[13:46] {dino} what time amln results?

[13:51] {nemo} anybody got any jokes suitable for the forum

[13:51] {nemo} ?

[13:51] {strider} most of mine are too clean.

[13:51] {nemo} wow

[13:52] {nemo} never would have thought that

[13:52] {Threei} I don't see AMLN today dino

[13:52] {strider} ok. I lied.

[13:52] {nemo} pheww

[13:52] {strider} gags?

[13:52] {strider} gas?

[13:52] {nemo} ?

[13:52] {strider} nm

[13:53] {dino} amln i think is drug decision, diabetes

[13:55] {larisa} once it is halted, dino, means news are on its way :)

[13:58] {dino} not sure they always halt

[13:58] {larisa} I was trying to make a joke to kill you and nemo with one stone :)

[13:59] {fernp} finally, WCRX 1:1 :-)

[14:00] {dino} lol larisa, too much going on to get it

[14:00] {RonS} if fern is on fire, does that mean a bush is burning? :D

[14:00] {larisa} lol

[14:01] {nemo} ?

06[14:01] * larisa slaps nemo around a bit with a large trout

[14:01] {nemo} :)

[14:02] {dino} ohhh mannn ron

[14:03] {RonS} for Vad: http://www.businessinsider.com/the-age-of-toyota-drivers-2010-3?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

[14:05] {fernp} AXP trying 41.00

[14:05] {Threei} so much for my theory

06[14:07] * nemo slaps larisa around a bit with a large bouquet of flowers :)

06[14:08] * nemo thinks, "That'll ruin my image..."

[14:08] {RonS} ok, so how do you prepare for a potential squeeze run in UAUA?

[14:08] {larisa} you are so much nicer person than I am

[14:09] {nemo} depends on the situation...:) I can derive enjoyment out of both ends of the spectrum

[14:09] {RonS} I guess I am asking for a long trigger...

[14:10] {nemo} follow the trend line ron

[14:17] {Les} might have just become a short Ron

[14:18] {RonS} i run a quote ticker line whose speed mimics the volume and it is barley moving...

[14:19] {RonS} barely...

[14:19] {Les} I have no idea what that means Ron :(

[14:20] {Les} CHRW busting 54

[14:20] {RonS} ...has everyone gone for the weekend already? eg, Les the trade action right now is very, very slow.

[14:21] {dino} feels that way

[14:21] {dino} summer starting early

[14:21] {Les} gotchya

[14:21] {nemo} actually it's very, very, very, very slow, Ron

[14:21] {strider} I'm gonna take MC ride as soon as this misery is over.

[14:22] {Les} how's weather stateside?

[14:22] {nemo} depends on where you are

[14:22] {strider} AIG inverse H&S

[14:23] {strider} little drizzly....low 60F here.

[14:24] {nemo} partly, sunny highs in the 40's SW wind 5-8 mph

[14:24] {dino} rain and 50s

[14:25] {strider} look at spy t7s

[14:25] {strider} t&s

[14:26] {strider} spinning a mile a minute

[14:32] {fernp} scalp by scalp i've managed to be back at breakeven. I'm tired. Have a good weekend everybody. See you all on monday

[14:32] {Threei} take care fern

[14:32] {nemo} c u Fernando

[14:32] {RonS} cya fern

[14:32] {dino} cya feern

[14:32] {strider} see ya fern................")

[14:33] {Threei} FR) French Fin Minister Lagarde: Reiterates at this time there is no Greece bailout required but EU is discussing a contingency plan

[14:33] {Threei} - notes involving the IMF in the Euro-zone would be "a bit odd"

[14:33] {Threei} - happy that the Euro has weakened

[14:33] {Threei} - not worried about other Euro-zone

[14:35] {Les} gj fern. bon weekend

[14:36] {Les} AIG broke without me. 34 has pivot point support under it so looking for a bounce to play

[14:36] {dino} me thinks they do protest too much

[14:44] {dino} pfcb

[14:45] {Raven} shit ... I forgot to water stinkin plants

[14:45] {nemo} nice talk

[14:46] {Raven} lol ... I hate plants

[14:46] {Raven} but sorry for editable line, 3i

[14:46] {nemo} you must be under orders

[14:47] {Raven} self-inflicted orders

[14:47] {Threei} not editing

[14:47] {nemo} oh

[14:47] {Raven} jeeze ... then get busy nemo ... create some havoc

[14:48] {nemo} Now...if you were to go George Carlin...that would be editable

[14:48] {nemo} Or, John Valbe...

[14:49] {Raven} you know too many unrecognizable names ... so I well water some plants ... sigh ... brb

[14:50] {nemo} John Valbe was the 7 dirty words of the college circuit

[14:50] {nemo} back in the day

[14:51] {dino} 80s

[14:51] {nemo} 70's and 80's for me

[14:51] {dino} how old are you

[14:51] {nemo} Vad's age

[14:51] {Les} AIG is bouncing (why'd I only take 5 cents?). db or death to follow

[14:52] {dino} 55?

[14:52] {Les} 62?

[14:52] {nemo} no

[14:52] {Threei} 94??

[14:52] {dino} 45 next week for me

[14:52] {nemo} ides of march

[14:52] {Les} just kidding vad. making fun of nemow

[14:53] {Les} nemo

[14:53] {nemo} list Les...list

[14:53] {dino} st pat's, wife is on the ides

[14:53] {nemo} St. Pats, bad memories

[14:54] {dino} green man time

[14:54] {dino} ever see that according to jim green man episode, funny

[14:54] {nemo} that day cost me alot in legal fees

[14:54] {dino} divorce?

[14:55] {dino} usually cost me beer $

[14:55] {dino} been putting green dye in my beers all week

[14:55] {nemo} no..me and 5 or 6 young men had a disagreement

[14:55] {dino} oh

[14:56] {RonS} ...nemo whips out his harpoon from the peg leg

[14:57] {RonS} ...snake bliskin style...

[14:57] {Les} EXPD could be reversal

[14:57] {nemo} good movie...liked Adrienne Barbeau

[15:01] {Les} KLAC

[15:01] {magoo} its time

[15:01] {magoo} vad rwiay?

[15:01] {Les} aig's got big offer blocking at .20

[15:02] {nemo} hit 'em Vad

[15:02] {dino} back in 10

[15:02] {magoo} aig short to me

[15:02] {Les} waiting for lod

[15:02] {Threei} market is still where it was

[15:02] {Threei} no signs of movement

[15:02] {Les} it is rather tight isn't it

[15:03] {Les} not long weekend is it?

[15:03] {Threei} (CA) IMF and Canada sign borrowing agreement

[15:03] {Threei} who will borrow from whom?

[15:03] {Threei} no Les

[15:04] {nemo} cat might have a bull flag

[15:06] {Les} unfriggincredible AIG ain't shortable

[15:07] {Threei} it is here

[15:07] {magoo} oh shit bought it checking lol

[15:07] {Threei} lol

[15:07] {nemo} I hate that, sneezed once and went short by accident

[15:08] {nemo} Then there's the classic double tap, and two lots in hand

[15:08] {dino} about 48 hours les

[15:08] {Les} ?

[15:10] {dino} the weekend

[15:10] {Les} duh

[15:10] {Les} :)

[15:10] {dino} lol

[15:11] {Les} caught another 10 cents long on AIG

[15:12] {Les} ZION

[15:12] {dino} sm l sam .55

[15:12] {dino} gappy

[15:13] {strider} ya think :)

[15:13] {dino} indeed

[15:13] {dino} thats why small

[15:14] {Les} could drive a mack truck through those gaps dino :)

[15:14] {Les} dino trade

[15:15] {Les} h & s fas?

[15:15] {dino} million ways to trade

[15:15] {strider} yeah, and a few of em even work.

[15:16] {dino} only need a few

[15:16] {nemo} yeah, jack-of-all-trades, master of none, is very appropos for this activity

[15:17] {nemo} fas bounce at .50

[15:18] {nemo} damn...51

[15:24] {Les} scalp scalp scalp. taking money back of ZION

[15:27] {Les} ZION lod b/d?

[15:28] {Threei} can't tell

[15:30] {magoo} AIG falling

[15:40] {strider} 2 down days this week, and still a little green for the week....I'm happy with that.

[15:40] {dino} zzzzzzzzzzzzzzzzzzz

[15:40] {dino} gj strider

[15:40] {strider} thx dino.

[15:41] {Les} u r holding up well in chop chop st. cool beans.

[15:41] {dino} np

[15:42] {strider} thx les.

[15:45] {Les} ah. green to finish the week? how nicespy

[15:47] {dino} if so 22 of 24

[15:48] {nemo} yeah, getting the 3:40 rally

[15:52] {RonS} good weekend to all. adios.

[15:52] {Les} ciao bon weekend

[15:52] {Threei} take care Ron

[15:52] {Threei} I was beyond careful today,

[15:52] {nemo} don't let the door hit you on the way out

[15:53] {Threei} didn't want to press things

[15:53] {dino} cya ron

[15:53] {Threei} and seeing how market sat in place for the whole day, was probably right decision

[15:57] {Threei} GG CEO: remain very bullish about gold price, based on long term supply and demand fundamentals based on inflation hedging and central bank buying - CNBC interview (39.34, -0.68, -1.70%)

[15:57] {Threei} can GG ceo be bearigh on gold, really?

[15:58] {dino} out nsm -.09 all day

[15:59] {Threei} ok guys, thank you all

[15:59] {Threei} have a great weekend

[15:59] {Threei} see you all on Monday

[15:59] {dino} out jcg +.10 all day\

[15:59] {dino} out same +.05

[16:00] {larisa} bye :)

[16:00] {Les} ciao all

[16:00] {magoo} c u all

[16:00] {dino} thx all, gtood times, good week, appreciate the ideas

Mar 11 2010

Two bigger winning trades on IMAX, both long and short, and couple scalps - and quite a few small stops, practically nullifying the profit. Flat day for us - not exactly ending the winning streak but pausing it.

Session Time: Thu Mar 11 00:00:00 2010

[08:11] {Threei} (US) Preview: Jan Trade Balance expected out at 8:30amET (13:30 GMT)

[08:11] {Threei} **consensus expectation: -$41.0Be v -$40.2B prior (range of analyst estimates seen from -$4040B to -$37.0B)

[08:11] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET

[08:11] {Threei} - Expectations for initial claims are 460Ke v prior week at 469K (range seen from 440K to 480K)

[08:11] {Threei} - Continuing claims seen at 4.500Me v prior week at 4.500M (range seen from 4.450M to 4.600M)

[08:30] {Threei} *(US) JAN TRADE BALANCE: -$37.3B V -$41.0BE

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 462K V 460KE; CONTINUING CLAIMS: 4.558M V 4.500ME

[08:31] {Threei} BSX FDA Approves Boston Scientific's Express(R) LD Iliac Stent System (7.65, 0.00, 0.00%)

[08:33] {Threei} - The Express LD Iliac Stent is the first and only low-profile, premounted, balloon-expandable stent approved by the FDA for use in treating iliac artery disease. The Company said it plans to launch the product immediately in the United States.

[08:33] {Threei} - Atherosclerotic iliac disease occurs when plaque builds within the arteries that supply blood to the legs, which can lead to poor blood flow, leg pain and other complications. The disease can be treated with medication, surgery or angioplasty.

[08:44] {Threei} Imax Corp Exec: Expects 2010 to be a much stronger year for theater signing - conf call

[08:44] {Threei} - Attributed mostly to Avatar which exceeded significantly expectations

[08:44] {Threei} - Alice in Wonderland has exceeded significantly expectations as well

[08:44] {Threei} - Will revisit strategic operations

[08:47] {nemo} hehehe...fresh meat :)

06[08:48] * Threei slaps nemo around a bit with a large reminder of how polite people start heir morning

[08:48] {nemo} have you forgotten to whom you are speaking?

[08:48] {fernp} Good morning everybody

[08:48] {Threei} no, but I still hold faint hope

[08:48] {Threei} fern :)

[08:48] {Threei} see nemo?

[08:48] {nemo} HOPE...is a four-letter word

[08:49] {Threei} open the door, enter the room, look around, see people - and say good morning!

[08:49] {nemo} Buenas Dias Fern

[08:49] {nemo} I prefer sneaking in...striking...and slithering back out

[08:49] {fernp} buenas nemo

[08:50] {nemo} AIG news this morning Vadster?

[08:50] {Threei} no

[08:50] {nemo} trader toy then, huh?

[08:50] {Threei} pretty much

[08:50] {Threei} either squeeze or squeeze fears

[08:52] {Threei} from circulating e-mail:

[08:52] {Threei} Prius driver: Well will you look at that, this thing actually CAN do 90! Bill owes me 50 bucks! Ha ha Oh crap, are those police lights behind me? Dang! Wait this is a TOYOTA Prius uh I cant slow down, right? Yah. Thats the ticket. Maybe they wont give me one if I just wave my arms and look like I cant figure out how to stop this thing?

[08:53] {nemo} oh they can go fine...my ex had one, I remember 80 mph being no problem

[08:53] {Threei} another pearl:

[08:53] {Threei} Buy a Toyota and fight that ticket!

[08:53] {Threei} Caught in the radar beam of a speed gun? Picture taken by a red light camera? Not a reason for concern if you drive a Toyota! Keep going! Simply call 911 and tell them your car is speeding out of control. Eventually, a police officer will catch up with you. Follow the instructions of law enforcement for bringing your vehicle to a halt. Remember: This works only in a Toyota! So get one now. Operators are standing by.

[08:53] {nemo} they have a 4-cyl. engine that takes over for the battery

[08:54] {nemo} hehehehe

[08:55] {Threei} Buy a Toyota and become a celebrity!

[08:55] {Threei} Want to join the ranks of the rich and famous? Now YOU can use a proven method that has been a secret until now: Buy a Toyota! Drive it along the freeway. Then press 9 1 1 and DIAL on your cell phone. Operators are standing by. Tell them you cannot stop your car and it is a Toyota. Remember that all-important phrase. You MUST say its a Toyota. You will become the star of FREE press conferences. Your will be on NATIONAL TV for FREE. Magazines will offer you money for EXCLUSIVE INTERVIEWS. Publishing companies will BID FOR THE BOOK RIGHTS.

[08:57] {Threei} IMAX is a bit strange

[08:57] {Threei} smashing earnings and guidance, traded around 16.40 first thing in the morning,

[08:58] {Threei} then CC started, it dropped into red

[08:58] {Threei} 15.90

[08:58] {Threei} recovered a bit now

[09:06] {Threei} - Says Avatar created significant brand awareness and solidified studio relations

[09:06] {Threei} - Expects growth of 35% of revenue from JV theaters

[09:06] {Threei} - Expects "healthy" earnings and EBITDA in the long-term through brand growth

[09:07] {Threei} now it's getting velocity

[09:08] {nemo} yep

[09:08] {Threei} well, let's see if we get some readable pullback

[09:09] {nemo} right

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:09] {nemo} ford

[09:09] {strider} morning all

[09:09] {nemo} HB!

[09:09] {Threei} strider :)

[09:09] {strider} :)

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

[09:10] {Threei} BSX worth watching too

[09:11] {Threei} not bad results from big bird:

[09:11] {Threei} RAVN Reports Q4 $0.32 v $0.31e, R $55.8M v $56Me

[09:11] {dino} gj raven

[09:11] {Les} oh that just warms my heart. I haven't even finished reading the log Nemo...

[09:11] {Les} afternoon

[09:11] {Threei} les :)

[09:13] {Raven} thx dino :)

[09:13] {Threei} ugh IMAX

[09:13] {Threei} seriously got away

[09:14] {dino} :)

[09:14] {dino} yuii

[09:17] {Threei} SYNO Expects significant improvements in FY10 - conf slides (2.90, 0.00, 0.00%)

[09:17] {jfjf64} mornin

[09:17] {Threei} jf :)

[09:18] {jfjf64} cant log into scanner play around after open

[09:19] {Threei} when you copy username and password, watch for spaces around them

[09:19] {Threei} if you copy a space, scanner login takes it as a meanignful chartacter and refuses to let you in

[09:19] {nemo} yuii dino

[09:20] {dino} see above

[09:20] {dino} grant thornton acct quit

[09:20] {Threei} Yuhi International Grant Thornton to resign as accounting firm -filing (update)

[09:20] {Threei} - On March 5, 2010, Yuhe International, Inc. was notified by Grant Thornton, the China member firm of Grant Thornton International, its independent registered public accounting firm, that Grant Thornton is resigning as the Companys independent registered public accounting firm effective immediately.

[09:21] {nemo} oy vay

[09:23] {nemo} lari :)

[09:24] {larisa} gm nemo, vad, all:)

[09:24] {Threei} larisa :)

[09:24] {Les} hi larisa

[09:24] {larisa} les :)

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:31] {Threei} GNBT Receives Positive Responses From Independent Physicians and Nurse Practitioners in Recent Focus Groups Conducted in the United States for Generex Oral-lyn(TM) (0.66, +0.02, 2.48%)

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

[09:33] {nemo} too fas

[09:33] {Threei} stop under .35

[09:33] {Threei} same setup valid again

[09:33] {Threei} invalidated

[09:34] {Threei} trades a bit hysterically, let's let it drop more

[09:34] {nemo} qs volume up 330% spy 100% for this time of day

[09:35] {nemo} fas taking off

[09:36] {Threei} all finnies did

[09:36] {Threei} WFC lagged a bit, but jumped fast

[09:36] {Threei} pulling back now

[09:36] {Threei} .50 recross long

[09:36] {Threei} stop under .40

[09:36] {nemo} whipsaws this morning

[09:37] {Threei} let's try aggressive

[09:37] {Threei} in .44

[09:38] {Threei} .38 stop

[09:38] {KSystems} ah

[09:38] {KSystems} thats looking better

[09:38] {Threei} ks :)

[09:38] {KSystems} morning

[09:38] {nemo} Gruess Gott

[09:38] {Threei} US Senator Dodd to unveil financial reform bill Monday without support of Republicans; hopeful may still reach deal - WSJ

[09:40] {Threei} come on WFC

[09:40] {Threei} jump

[09:42] {Threei} half out .55

[09:43] {Threei} stop to .43

[09:43] {dino} jcg sm l .51

[09:47] {nemo} nice precision on that retrace

[09:47] {jfjf64} imax vad

[09:47] {Threei} can't make up my mind on it jf

[09:47] {Threei} not enough enthusiasm

[09:47] {jfjf64} ty

[09:47] {Threei} I'd think, more downside

[09:48] {Threei} out balance WFC

[09:48] {Threei} oh well

[09:49] {jfjf64} vxx

[09:49] {Threei} Short Setup: IMAX .90 break

[09:50] {Threei} if stays under 17

[09:52] {Threei} no go

[09:53] {Threei} don't have a feel for IMAX obviously

[09:55] {Threei} (CH) Chile continues to experience after shocks; most recent 7.2 magnitude quake hits Libertado O'Higgins

[09:55] {Threei} PBR Reportedly discovering oil in Colombia (46.55, -0.01, -0.02%)

[09:55] {fernp} INTC if breaks 21.00, Vad?

[09:56] {Threei} if you want a few cents scalp

[09:57] {dino} nav hl l .85

[09:58] {dino} geoy

[09:59] {Threei} IMAX rinse

[10:00] {RonS} BBBY fbr cut rating

[10:01] {Threei} CAT May shift some excavator production to the US from Japan, could double the number of US excavator staff (related JOBSX )

[10:01] {Threei} all this jumping up and down is happening in too narrow range

[10:02] {Threei} not finding squat so far

[10:03] {dino} then stand up

[10:03] {Threei} VXX, should dive briefly under .20 and become a long on recross

[10:03] {jfjf64} gymb

[10:03] {jfjf64} .50

[10:04] {nemo} ?

[10:04] {Threei} AIG

[10:04] {Threei} 37 break

[10:04] {nemo} you mean 50.00?

[10:04] {Threei} half lot long, stop .85

[10:04] {Threei} YUII Spokesperson: Material weakness is believed to be tied to Sarbanes-Oxley compliance levels (9.51, -2.49, -20.75%)

[10:05] {Threei} (FR) President Sarkozy is not in favor of weak euro - Le Figaro

[10:05] {Threei} lol, euro is going to listen to him

[10:05] {Threei} VXX, .15 break long

[10:06] {Threei} stop under .10

[10:06] {Threei} AIG invalidated

[10:06] {Threei} sigh

[10:06] {Threei} what's with today

[10:07] {nemo} markets say your winning streak too long

[10:07] {Threei} or is it my losing day finally, after 4 weeks and 3 days of winning streak?

[10:07] {Threei} yeah, could be

[10:07] {dino} eqt l .00

[10:08] {dino} stop that kind of talk, the day is young

[10:08] {Threei} thought of VXX .30 short and decided against it

[10:08] {Threei} my read is off so far today

[10:09] {Threei} look at IMAX

[10:09] {Threei} that short was exactly right idea, and got rinsed by what, couple cents?

[10:11] {Threei} VXX long, same

[10:11] {nemo} .15 break?

[10:12] {Threei} yeah

[10:12] {Threei} rinse

[10:12] {jfjf64} guess no gymb takers 50.00

[10:13] {nemo} wow...nice jf

[10:13] {dino} gj

[10:13] {jfjf64} watchin 5 min chart now

[10:14] {jfjf64} ty

[10:16] {fernp} STI breakdown, Vad?

[10:16] {Threei} looks right

[10:17] {fernp} ty

[10:17] {jfjf64} .58 break gymb

[10:17] {jfjf64} big stop

[10:18] {jfjf64} 5 min chart boli up there

[10:19] {jfjf64} what ya think vad

[10:19] {Threei} not delighted

[10:21] {Les} ITMN closing in on 37

[10:22] {larisa} IMAX scalped off bottom, watching for db

[10:22] {strider} TM strong today

[10:23] {Threei} wtg larisa

[10:23] {Threei} IMAX looks ready for bigger bounce

[10:23] {jfjf64} 1/1

[10:25] {Threei} Long Setup: IMAX .60 break

[10:25] {Threei} if stays above .50

[10:30] {Threei} not a scalp for me

[10:30] {Threei} will try to partial if works

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

[10:32] {Threei} - NYSE volume 210M shares, about 14% below its three-month average; decliners lead advancers by 2.7:1.

[10:32] {Threei} - NASDAQ volume 535M shares, about 6% above its three-month average; decliners lead advancers by 1.9:1.

[10:32] {Threei} - VIX index +2.5% to just over 19.00

[10:32] {Les} attention vad: you're hour of active market was up 2 mins ago :)

[10:33] {Threei} today is different

[10:33] {Threei} we had no early range

[10:33] {Threei} break of narrow opening one can set very different stage

[10:33] {Les} ok

[10:34] {jfjf64} dps 35.00

[10:34] {nemo} if that bid real, floor at .60

[10:34] {nemo} ope

[10:34] {nemo} nope

[10:35] {nemo} as soon as bid pulled imax dropped

[10:36] {nemo} mags :)

06[10:37] * Threei slaps magoo around a bit with a large alarm clock

[10:37] {magoo} hey..how u hitting them

[10:37] {Threei} half out IMAX

[10:37] {Threei} .73

[10:37] {dino} out eqt .20, +.20

[10:37] {Threei} stop to under b/e

[10:38] {Threei} not a stellar day so far mags, just got b/e

[10:38] {magoo} i feel bad...shouldnt be rewarded for being latre

[10:38] {Les} missed aig reversal off yesterday's closing price and it hasn't looked back. kicking myself

[10:39] {magoo} its hard to predict les

[10:39] {Les} didn't miss. hesitated after being severely beaten at opening

[10:40] {Les} ITMN still being drawn to 37

[10:42] {Threei} offering 1/4 more above .80

[10:42] {Les} cytk bottom

[10:42] {dino} ndx green

[10:43] {dino} imax target?

[10:43] {Threei} partials, next above .80, stop trail to under .70, and last piece somewhere around .90

[10:44] {dino} lol, just wanted gut feel

[10:44] {Threei} my gut is off today

[10:44] {Threei} so I go with standard procedure

[10:44] {dino} eat something spicey

[10:44] {Threei} that's last resort

[10:44] {dino} or have a geen beer

[10:47] {Les} taken at .79 ty vad

[10:47] {dino} gj les

[10:47] {Threei} out 1/4 more

[10:48] {Threei} stop to under .70

[10:48] {Threei} routine replacing gut feel

[10:48] {fernp} NFX, Vad? valid breakout?

[10:48] {dino} out imax .87, +.27 ty vad

[10:48] {Threei} welcome sir

[10:48] {dino} jcg stop to .65

[10:49] {Threei} fern, it looks right, but I'd prefer entry on pullback

[10:49] {dino} told you the day was young

[10:49] {Threei} right you were

[10:49] {fernp} ty

[10:49] {Les} out ITMN +.22

[10:49] {Threei} wtg les

[10:49] {dino} wtg les

[10:49] {Threei} I know what took me off my game earlier

[10:50] {Threei} no nemo, not second glass of vodka

[10:50] {dino} jamison's in coffee

[10:50] {Threei} I got settled in this pattern of early big move

[10:50] {Threei} where we had to grab breaks or pullbacks early, make the most out of them

[10:50] {dino} out jcg ave +.17

[10:50] {Threei} and then sit and wait for the most of the day.

[10:51] {Threei} Today started differently

[10:51] {Threei} so old pl;an ceased working

[10:51] {Threei} luckily I realized it fast enough

[10:51] {Threei} 10:33] {Threei} today is different

[10:51] {Threei} [10:33] {Threei} we had no early range

[10:51] {Threei} [10:33] {Threei} break of narrow opening one can set very different stage

[10:51] {dino} fsys luv

[10:51] {Threei} and reward came in a form of nice IMAX play

[10:52] {Threei} out last piece

[10:52] {Threei} .92

[10:52] {Threei} if that's not a perfect execution

[10:52] {Threei} back in black

[10:52] {Threei} not much but heck

[10:52] {Threei} hey, it thrymes

[10:53] {Threei} rhymes

[10:53] {nemo} yeah...you and AC/DC

[10:54] {fernp} 1:1 NFX

[10:54] {Threei} wtg

[10:54] {Les} nice

[10:54] {fernp} ty

[10:54] {dino} gj fern

[10:56] {Threei} second VXX short I see and miss today: 10:25, 24.35 breakdown

[10:56] {dino} fdx

[11:02] {Les} taxi time back later

[11:02] {strider} short fdx, .48

[11:02] {nemo} TFTW

[11:05] {Threei} (US) Senator Corker (R-TN): Disappointed in Senator Dodd's financial regulatory overhaul bill (related EUR/USD XLF )

[11:05] {strider} cover fdx, .27

[11:05] {strider} now I'm in the black.

[11:06] {strider} thanks for the heads up, dino.

[11:07] {RonS} wtg strider, dino

[11:09] {dino} np

[11:09] {dino} :)

[11:09] {strider} is anything a problem for you, dino:)

[11:10] {strider} other than nemo.

[11:10] {dino} ups up, fdx down, usually they run together

[11:10] {dino} lol strider

[11:10] {RonS} watch copper, JJC for those w/ no futures. 3.35 break down today tanks market or 45.50 on jjc

[11:10] {dino} ups s .49

[11:14] {dino} ups bstop is .62

[11:18] {dino} stopped

[11:20] {dino} oh no, guess who's coming on tv?

[11:20] {nemo} Rachel MacLish

[11:21] {RonS} dino 10 day comparison of ups fdx shows fdx outperforming. ups catchup day. ups daily R2 at 61.56, R3 at 61.98

[11:21] {RonS} nemo, that would be ruff...

[11:21] {nemo} maybe, maybe not

[11:22] {dino} agree ron, usually fdx leads

[11:22] {dino} geoy sm s .49

[11:22] {dino} .48

[11:22] {dino} bstop hod

[11:26] {Threei} SEED

[11:26] {Threei} .14 break for a scalp

[11:30] {nemo} aig at .05 offer

[11:30] {fernp} stop is .05, Vad?

[11:30] {Threei} right

[11:32] {nemo} 1/2 out aig

[11:33] {nemo} stopped 2nd half

[11:33] {nemo} looking short now

[11:34] {nemo} yep, went short

[11:35] {dino} ups rinsed

[11:38] {Threei} nice drop AIG

[11:38] {dino} get him off the tv

[11:39] {nemo} 1/2 out .65

[11:40] {nemo} damn...only 1/2 lot at lunch

[11:40] {Threei} games are being played on SEED

[11:40] {Threei} .05 buyer flashes fake offer

[11:40] {Threei} see him at .14?

[11:40] {nemo} creating a spread?

[11:40] {Threei} scaring into selling, so he covers what he shorted at .14 earlier

[11:41] {fernp} stopped SEED

[11:41] {nemo} out other 1/2/ .70

[11:42] {Threei} Preview: Federal Reserve to publish Q4 Flow of Funds/Household Wealth at 12:00ET

[11:42] {Threei} ** reminder: In Q3 Household wealth was up $2.67T, to $53.4T in total; for the second straight month of improvement

[11:42] {Threei} - Q3 Home mortgage debt annualized rate -3.5% v -1.5% q/q, and Consumer credit annualized rate -3.25% v -6.5% q/q

[11:44] {dino} stop geoy -.14

[11:45] {dino} issi

[11:45] {nemo} why dino

[11:47] {Threei} (EU) Morgan Stanley cuts Euro Zone 2010 GDP forecast to +0.9-1.2% (timing uncertain)

[11:47] {Threei} - Believes ECB will keep rates on hold through December (previously forecasted ECB rate hike in Q3)

[11:49] {dino} why what nemo

[11:49] {nemo} news

[11:49] {nemo} ?

[11:53] {dino} fdx l .30

[11:53] {dino} out fdx .49, +.19

[11:57] {Threei} (EU) ECB's Tumpel-Gugerell: Concerns about high inflation stemming from public debt are not justified

[11:57] {Threei} no, of course not

[11:57] {nemo} wtf

[11:58] {dino} nav last try .50 l hl

[12:01] {RonS} This seed LII is a trip...

[12:01] {Threei} (US) Fed reports Q4 Flow of Funds: Household wealth $700B to $54.2T in total; thid straight quarterly improvement

[12:01] {Threei} - Home mortgage debt annualized rate -1.25% v -3.5% q/q

[12:02] {Threei} - Household debt annualized rate -1.25% v -2.5% q/q

[12:02] {Threei} - Consumer credit annualized rate -5.75% v -3.25% q/q

[12:05] {Threei} - Ratio of net worth to personal disposable income 490% v 489% q/q

[12:05] {Threei} - Ratio of household debt to personal disposable income 122% v 123% q/q

[12:08] {fernp} PWRD Vad? bad moment for 40 break?

[12:09] {Threei} depends on market action

[12:10] {Threei} even slight market move back to highs may be enough for a scalp on PWRD

[12:10] {fernp} ok

[12:17] {Threei} [12:12] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[12:17] {Threei} oh the irony

[12:18] {nemo} hehehehe

[12:18] {strider} le bummer

[12:18] {Threei} crap... I need to stop worrying about your stops

[12:18] {Threei} RIMM .50 break, skipped alert

[12:19] {Threei} that's third today that I don't call to stay on exceedingly safe side

[12:19] {Threei} IMAX CEO: May bring the movie Avatar back to theaters with additional footage (16.69, +0.67, 4.18%) (related NWSA )

[12:20] {Threei} (GE) Germany Dep Fin Min: Currently working on the bank charge issue; no decision yet made (related IXG )

[12:21] {strider} PWRD is sticking at HOD

[12:22] {Threei} salmon

[12:22] {fernp} PWRD is not falling with market

[12:22] {fernp} ooops

[12:22] {Threei} still salmon... if you hoped for tuna response, no luck

[12:22] {strider} I was kind of hoping for a pullback near .80

[12:26] {strider} didn't hit my bid at .81

[12:28] {Les} AWIAV or AWPAV?

[12:29] {Les} P = planning

[12:29] {nemo} coma

[12:29] {Les} ah no, not planning on that. dinner then

[12:31] {fernp} ADM .42 break w/stop under .38 is valid, Vad?

[12:32] {Threei} can't tell

[12:32] {Threei} 50/50

[12:32] {fernp} ok. ty 5c. I'll try it

[12:33] {dino} watching sam, jcg, fdx

[12:34] {Threei} Short Setup: IMAX .50 break

[12:34] {Threei} if stays below .60 - .65

[12:34] {nemo} fcx short ?

[12:35] {Threei} .50 - .55 zone break...

[12:37] {dino} sam l ave .73 hl

[12:37] {dino} jcg l .33

[12:37] {Threei} Preview: Treasury's $13B 30-year bond reopening results due out just after 1pmET

[12:37] {Threei} - $13B is unchanged from the Dec reopening.

[12:37] {Threei} - Bid to cover ratio at the Jan reopening was 2.68 with an average of 2.58 over the last 6 reopenings.

[12:37] {Threei} - Indirect bidders took 40.7% of competitive bids at last reopening with 27.2% allotted at the high.

[12:42] {Threei} (US) Senate Majority Leader Reid: Still some issues to work out with healthcare reform bill (related IYH )

[12:42] {Threei} some?

[12:42] {Threei} SOME??

[12:42] {Threei} like, spelling chekc?

[12:49] {fernp} IMAX still valid, no?

[12:50] {dino} jcg stop to .44

[12:51] {fernp} ADM 1:1

[12:51] {dino} tighten it

[12:51] {Threei} yes fern

[12:51] {fernp} ty

[12:51] {dino} to .49

[12:52] {fernp} current stop is above .61, no?

[12:52] {Threei} yes

[12:53] {Threei} C

[12:53] {Threei} Citigroup Inc CEO Pandit: Sees consumer credit trends improving - conf slides

[12:53] {Threei} - Emerging markets likely to represent over 55% of potential revenue growth through 2012.

[12:53] {Threei} - Aiming for ROE for 1.25-1.50%

[12:54] {dino} to .55

[12:54] {dino} out ave .56, +.33

[12:54] {dino} opps +.23

[12:54] {Threei} GOOG (IT) Antitrust regulator reportedly extends investigation into advertising revenues (581.00, +4.55, 0.79%) (related YHOO MSFT )

[12:54] {Threei} nice one dino

[12:55] {dino} afce spike

[12:55] {dino} ty

[12:57] {Threei} wow

[12:57] {Threei} KS found his way back in

[12:58] {strider} long PWRD .94

[12:59] {strider} stop .89

[13:00] {strider} long TM .82, stop .74

[13:00] {Threei} TM, this is not even funny

[13:00] {strider} get out of our way, vad, we're going UP.

[13:00] {Threei} what they should do, start shooting those who drive Toyotas for their stock to drop?

[13:02] {Threei} *TREASURY'S $13B 30-YEAR BOND REOPENING DRAWS 4.679%; BID-TO-COVER RATIO 2.89 V 2.68 PRIOR AND 2.58 AVE OVER THE LAST 6 REOPENINGS

[13:02] {strider} I think TM is a cult.

06[13:02] * nemo slaps strider around a bit with a large beatles album collection

[13:02] {Threei} well, a lot of people regard most recent incident as a fake

[13:02] {Threei} - Indirect bidders take 23.92% of competitive bids, with 82.8% alloted at high

[13:02] {Threei} - 29.65% go to Direct bidders

[13:03] {Threei} and I have to say, I find it very strange indeed

[13:10] {Threei} 6 points SPC range?

[13:10] {Threei} SPX

[13:12] {dino} yeah

[13:12] {dino} abvt sm l .92

[13:14] {Threei} IMAX, when it finally breaks, should be good for more than scalp

[13:14] {dino} imo not going to breakdown

[13:14] {Threei} ok... IF it finally breaks

[13:14] {dino} lol, never kow until you bet

[13:14] {dino} know

[13:14] {Threei} :)

[13:15] {dino} jesse

[13:15] {strider} OK, I'm with you guys.

[13:15] {Threei} I was told never to kow...

[13:15] {Threei} but did I listen? noooo

[13:15] {dino} for 10 years i was told i "don't know nothing"

[13:15] {Threei} what do you mean with us strider?

[13:16] {Threei} we are on opposite sides

[13:16] {Threei} pick one

[13:16] {strider} Joke. A line from "oh, brother...."

[13:16] {Threei} :)

[13:16] {dino} ahhh

[13:18] {strider} Was kind of hoping for a little afternoon pop.

[13:18] {strider} doesn't seem to be happening.

[13:19] {Threei} nemo

[13:19] {Threei} some here are hopng

[13:19] {nemo} yes

06[13:19] * nemo slaps strider around a bit with a large HOPE!!! is a FOUR LETTER WORD

[13:19] {Threei} there

[13:19] {Threei} we have hope police here strider

[13:19] {strider} OK...insert whatever state of mind you have when you take a trade.

[13:19] {Threei} fatalist

[13:20] {Threei} here comes setup, whatever happens - happens

[13:20] {strider} {-------knife to throat.

[13:20] {Threei} accept any oytcome with no emotional involvement

[13:20] {dino} out abvt .59 -.33

[13:20] {fernp} missed IMAX, broke too fast :-(

[13:20] {nemo} yeah

[13:20] {strider} I'll go back to being quiet again. :)

[13:20] {nemo} might retrace to test new resistance

[13:21] {Threei} come on, how nemo will be able to slap you then?

06[13:21] * nemo slaps strider around a bit with a large trout

[13:21] {Les} imax not shortable here :/

[13:21] {nemo} ...that was easy

[13:21] {Threei} kind of old russian joke

[13:22] {Threei} -can I pet your dog? - of course, otherwise how is it going to be able to bite you

[13:22] {dino} guess i was wrong

[13:23] {dino} thought you said your dog does not bite. thats not my dog

[13:23] {Threei} lol

[13:23] {nemo} mere blemish on the furniture

[13:23] {dino} pink panther movies i think

[13:23] {nemo} yes

[13:23] {nemo} old joke though

[13:24] {strider} Hope, and faith,......but the greatest of these is getting slapped around by a funky old trout.

[13:24] {Threei} little chihuahua bites big bulldog in half,

[13:25] {Threei} shicked owner of bulldog says WTH? What kind of dog is this?

[13:25] {Threei} chihua owner says, horribly expensive one,

[13:25] {Threei} plastic surgery for a alligator does not come cheap, you know

[13:25] {fernp} lol

[13:26] {strider} hmmm..

[13:26] {Raven} {}

[13:26] {Threei} (US) US Sen Dodd confirms will propose financial reform legislation on Monday

[13:26] {Threei} - claims inclusion of bipartisan compromises

[13:26] {Threei} - Includes: too big to fail, consumer protection, transparency, and derivatives oversight agreement not there yet

[13:26] {Threei} come on IMAX

[13:26] {Threei} 1 cent till 1:1?

[13:26] {Threei} die

[13:28] {strider} out PWRD +.23

[13:28] {Les} pwrd nice one st

[13:29] {strider} was fast.

[13:29] {strider} almost didn't get out in time.

[13:29] {dino} clne

[13:31] {strider} shezaam. PWRD

[13:31] {Threei} good find

[13:31] {Threei} salmon is salmon

[13:32] {strider} that was fern's find. Did you get in, fern?

06[13:33] * Threei hits IMAX over the head with 2x4

[13:34] {magoo} when was that trade entered?

[13:34] {Threei} .50 break

[13:35] {Threei} or you mean PWRD?

[13:36] {magoo} imax

[13:37] {Threei} .50 break then

[13:42] {Les} ITMN

[13:42] {Threei} stop to .56 IMAX

[13:43] {Threei} if it found bottom and reverses now, don't want to get caught

[13:47] {Threei} half out IMAX

[13:47] {Threei} .36

[13:47] {Threei} took its sweet time

[13:48] {Threei} stop to b/e

[13:48] {dino} good call

[13:48] {Threei} ty

[13:48] {Les} clne, u looking short dino?

[13:49] {dino} dk, that and fsys rockin', nat. gas plays momo today

[13:49] {nemo} fsys

[13:49] {Les} dk?

[13:49] {dino} was it strider took pwrd? nice

[13:50] {dino} don't know = dk

[13:50] {Les} ty

[13:51] {dino} ty? just busting

[13:51] {nemo} jb?

[13:51] {Les} busting?

[13:51] {Threei} sigh

[13:51] {dino} lol

[13:51] {Les} :)

[13:51] {dino} and the tangent arrives

[13:51] {nemo} :)

[13:52] {strider} stopped TM -.10

[13:52] {strider} POS cars

[13:53] {Threei} lol

[13:53] {Threei} getting stingy - stop to .46 IMAX

[13:54] {nemo} asylum picking up

[13:54] {Threei} one day I will open another room... Raven will be only one invited (well, larisa too but it goes without saying),

[13:54] {Threei} no jokes,

[13:55] {Threei} no meaningless banter,

[13:55] {Threei} only great spelling

[13:55] {Threei} and grammar

[13:55] {nemo} so....

[13:55] {nemo} you won't be there either

[13:55] {Threei} and quiet enlightened conversation

[13:55] {Threei} about high matters

[13:55] {Les} I can be quiet...

[13:55] {nemo} I'm worried...

[13:56] {Les} definitely not the room for me

[13:56] {jfjf64} what bout me vadd

[13:56] {Threei} there will be a few signs on the door

[13:56] {Threei} no les no more

[13:56] {Threei} no clown fishes

[13:56] {Les} :P

06[13:56] * nemo ...mmmhhhh....where's that list?

[13:56] {dino} is that your way of telling me to cancel my subscription

[13:56] {Threei} jf... you and magoo are are too rarely sober

[13:57] {Les} Is vad contemplating retirement?

[13:57] {Threei} for the last 10 years les, yes

[13:57] {Threei} die already IMAX

[13:58] {jfjf64} comon last week you were dieing during scalp mk up your mind

[13:59] {Les} starting to like ZION. setting up for b/o over these last two sessions

[14:00] {Threei} bidding 1/4 more IMAX .28

[14:00] {Les} fcx starting to see some solid selling

[14:01] {Threei} you shorted les?

[14:01] {Les} no been waiting to clear this congestion .50 or thereabouts

[14:01] {Threei} hmmm

[14:01] {Threei} it dropped into this support from way too far

[14:01] {Les} bounce coming

[14:01] {Les} ?

[14:02] {Threei} can't tell, but shorting after this drop without consolidation is dicey

[14:02] {Les} c'mon, you taught me well enough

[14:02] {Les} wasn't thinking otherwise

[14:02] {nemo} I've got a suppor line at .50 and opened today at .45

[14:02] {Threei} okay

[14:03] {nemo} Pride always cometh before the fall...

[14:03] {Threei} Market Internals update at 2:00pmET

[14:03] {Threei} - NYSE volume 540M shares, about 12% below its three-month average; decliners lead advancers by 1.5:1.

[14:03] {Threei} - NASDAQ volume 1.4B shares, about 3% above its three-month average; decliners lead advancers by 1.3:1.

[14:03] {Threei} - VIX index +1.2% to just below 19.00

[14:04] {RonS} ...prob needs a mkt push but chrw looks good for a .4 to .8 short on a lod break

[14:05] {Threei} especialy if loses lws of last two days

[14:06] {Threei} 53.02 - .05

[14:06] {RonS} sounds good Vad. txs

[14:08] {Les} fcx?

[14:08] {Threei} don't know les, too jerky

[14:09] {Les} ok

[14:09] {fernp} LEN .45 breakdown is valid, Vad?

[14:09] {Threei} 1/4 more IMAX out

[14:09] {Threei} out in full

[14:10] {Threei} I doubt it fern, this is water torture stock

[14:10] {Threei} isn't IMAX a good boy today

[14:11] {RonS} gj vad...no shares for me to short...

[14:11] {Threei} ugh

[14:12] {Threei} IMAX gave us two best trades today, on both long and short side

[14:13] {RonS} does that make it 3D?

[14:13] {jfjf64} no 3i

[14:13] {Les} that should be automatic ban from this room Ron

[14:14] {RonS} ...have not reached les status...yet...

[14:14] {dino} lucky you, lol

[14:14] {Les} (I'm changing sides. Humour nazi now)

[14:14] {dino} imax my guess would be gap fill and up

[14:15] {jfjf64} rons tell les to piss off

[14:15] {Les} Vad, you know what to do

[14:16] {Threei} sigh

[14:16] {RonS} ...never. i kindof hate that phrase...i prefer American crude, not Brit.

[14:16] {jfjf64} imax long wher entry vad

[14:17] {dino} out sam ave .03 tough to get out of, +.30

[14:17] {dino} brb

[14:17] {Threei} let it pull back under .10 now, jf,

[14:18] {Threei} form double bottom

[14:18] {Threei} and buy as close to 16 as possible

[14:18] {Threei} stop would be under 16

[14:19] {Les} Ron, example of American crude is?

[14:19] {Threei} first strength from here

[14:19] {RonS} dino check zmh

[14:19] {Threei} .05 break

[14:20] {jfjf64} in

[14:20] {nemo} somebody's screwing around, see that fake offer appear and disappear at .06

[14:21] {Les} pivot support .94

[14:22] {dino} zmh? strike games maybe

[14:22] {Threei} not holding

[14:22] {fernp} no go IMAX

[14:22] {jfjf64} grrr

[14:22] {dino} whoa imax

[14:22] {Les} that hurt

[14:23] {jfjf64} shakeout

[14:23] {dino} merrriman at 13:22 imax to sell

[14:23] {nemo} going to .67

[14:23] {jfjf64} all those stops hit

[14:24] {Les} we try bounce again lower vad? can't short this sucker

[14:24] {RonS} vad is having shorter's lament...

[14:24] {Threei} I am not guessing on a bottom

[14:24] {jfjf64} 15.65

[14:24] {Threei} it forms valid reversal setup, sure

[14:24] {nemo} right around there

[14:25] {Threei} if not, buy every next low is a complete suckers game

[14:25] {Les} right, makes sense

[14:26] {fernp} Good evening everybody. See you all tomorrow

[14:26] {Les} ciao fern

[14:27] {Threei} take care fern

[14:27] {dino} cya fern

[14:29] {Les} MS .70 b/d?

[14:30] {Threei} most likely

[14:31] {dino} imax gap 14.80s and 13.78

[14:33] {nemo} fas forming inverted H&S?

[14:33] {nemo} could be break .06 holding .95 on volume

[14:34] {Threei} not too reliable

[14:34] {nemo} what isn't?

[14:34] {Threei} H&S on FAS

[14:34] {dino} zmh sm l .35

[14:35] {Threei} AIG

[14:35] {Threei} bounbce time

[14:36] {nemo} well, FAS worked that time

[14:36] {nemo} 1/2 out .17

[14:36] {Threei} half lot AIG long .80 break

[14:36] {Threei} stop under .65

[14:36] {nemo} 1/4 more .30

[14:37] {Threei} sigh

[14:37] {Threei} why don't I go back to sleep

[14:37] {nemo} stop?

[14:37] {nemo} ahh...25

[14:37] {nemo} out

06[14:38] * nemo slaps Threei around a bit with a large coma stick

06[14:38] * nemo places funnel in vads mouth

06[14:39] * nemo pours vodka in funnel

[14:39] {dino} vodka bong huh

[14:39] {nemo} hehehe

[14:39] {RonS} vad, small consol but you kept me out of that chrw bear trap. thx

[14:40] {Threei} never lost those lows, I see

[14:42] {dino} thx ron on zmh, out .74, +.39

[14:42] {RonS} Zimmer Holdings (ZMH:$56.71,00$-2.15,00-3.65%) is recently down $2.51 to $56.34. Deutsche Bank believes a group of surgeons will present data pointing to potentially significant issues with one of ZMH knees at the American Academy of Orthopedic Surgeons today.

[14:42] {RonS} gj dino...this thing is dangerous right now

[14:42] {dino} i hope the other knee is ok

[14:43] {dino} you take it?

[14:43] {RonS} lol

[14:44] {nemo} guess I shoulda' set my stop under .10 0n fas

06[14:45] * nemo slaps nemo around a bit with a large cat-o-nine tails

[14:46] {dino} lod zmh

[14:46] {Threei} ok, this takes prize as the most stupid line I've seen this year:

[14:47] {Threei} Biden Urges Israel to Make Peace with Palestinians

[14:47] {strider} What did nemo say now?

[14:47] {nemo} what strider?

[14:47] {strider} ok, this takes prize as the most stupid line I've seen this year:

[14:47] {RonS} ...that will convince them.

[14:48] {nemo} good one

[14:48] {nemo} DH

[14:55] {Les} http://miburl.com/yKD1UD

[14:55] {Les} fishing, where I come from

[14:56] {Les} crap zion popped

[14:58] {RonS} www.dailyfx.com trumpeting a turn to weaker USD

[15:04] {nemo} well off to sell politically incorrect merchandise c u tomorrow

[15:04] {Les} bibles?

[15:04] {RonS} cya nemo

[15:05] {nemo} hasta manana

[15:05] {magoo} vad, we in anything?

[15:06] {Threei} no... but ZION is tempting

[15:06] {jfjf64} later nemo

[15:13] {Threei} good pullback

[15:13] {Threei} .53 long

[15:13] {Threei} .45 stop

[15:15] {dino} cya nemo

[15:15] {Threei} lol dino

[15:15] {dino} darn dial up

[15:15] {Threei} no kidding

[15:16] {dino} have to quit early today, thanks all, good day, good time

[15:16] {Threei} no following the market ZION

[15:17] {larisa} bye dino

[15:17] {Threei} hmmm

[15:17] {Les} ciao man

[15:18] {Threei} take care dino

[15:18] {dino} will do, thx

[15:23] {magoo} me too, c u tomorrow

[15:23] {Les} bye

[15:25] {Threei} see you mags

[15:31] {RonS} ...sheesh...we should have stayed on UPS

[15:38] {Threei} what do you know, market managed to squeze another green day

[15:40] {Threei} I am flat for the day though

[15:41] {Threei} two bigger IMAX trades vs many papercut stops

[15:41] {Threei} YUII Hearing defended at Roth Capital (timing uncertain) (9.75, -2.25, -18.75%)

[15:47] {Threei} STLD S&P revises outlook to Stable from Negative; affirms BB+ ratings (17.82, -0.06, -0.34%)

[15:47] {Les} thanks vad. c u's tomorrow

[15:48] {Threei} ok, if everyone is off, I will too

[15:48] {Threei} thank you all, have a good evening

[15:48] {Threei} see you tomorrow

[15:48] {jfjf64} good night vad

[15:50] {larisa} bye :)

Mar 10 2010

Another profitable day (boy, it's getting old - 4 weeks and 3 days now) with 3 longs (OCLS, SVNT, FITB), 1 short (ITMN) an a few discretionary trades (C long, KCI short, TSYS long,) all of which worked like charm.

Session Time: Wed Mar 10 00:00:00 2010

[08:00] {magoo} mornink comrades

[08:04] {strider} morning, magoo. You're up early.

[08:09] {Threei} OCLS Receives FDA Clearance for Microcyn-Based HydroGel

[08:09] {Threei} - announced that it has received new 510(k) clearance from the U.S. Food and Drug Administration (FD... (1.81, 0.00, 0.00%) more...

[08:10] {Threei} The Rx product, under the supervision of a healthcare professional, Microcyn Skin and Wound HydroGel is intended for management of wounds including itch and pain relief associated with dermal irritation, sores, injuries and ulcers of dermal tissue.

[08:10] {Threei} - Microcyn HydroGel for dermatology indications will be commercially available in April 2010

[08:11] {Threei} [CYTK] FDA grants orphan drug designation to CK-2017357 for treating ALS

[08:11] {Threei} - CK-2017357 is the lead drug candidate that has emerged from the company's skeletal sarcomere activator program. Cytokinetics plans to initiate a

[08:11] {Threei} Phase II Evidence of Effect clinical trial for CK-2017357 in ALS patients in the first half of 2010.

[08:12] {Threei} ITMN Trades up more than 50% after resumption of trading following FDA panel backing of Pirfenidone for Idiopathic Pulmonary Fibrosis (23.30, 0.00, 0.00%)

[08:12] {magoo} WOW

[08:40] {nemo} morning tradeaholics

[08:44] {Threei} nemo :)

[08:44] {strider} morning guys

[08:44] {Threei} strider :)

[08:44] {strider} :)

[08:44] {nemo} strider :)

[08:45] {nemo} aig looking like it wants to run again

06[08:47] * nemo slaps Les around a bit with a large trout

[08:47] {Threei} EUR/USD BoA analyst revises euro forecast; sees EUR/USD at $1.38 by end of March

[08:47] {Threei} where is it now?

[08:47] {Les} gimme a break, I just got here

[08:47] {Les} :)

[08:47] {Les} morning evil twins

[08:47] {Threei} forecasts $1.32 by June and $1.20 by the end of 2011

[08:48] {Threei} that WAS a break Les

[08:48] {nemo} ?

[08:48] {Threei} his first idea was a bazooka

[08:48] {Les} March 10 (Bloomberg) -- The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi. “For Greece, the problem is completely over,” said Prodi, who was also Italian prime minister, in an interview in Shanghai today.

[08:48] {Les} and here Vad was bad mouthing the Euro...

[08:48] {Les} Prodi reassures china it is over

[08:49] {Threei} of course then

[08:49] {Threei} prodi knows stuff

[08:49] {nemo} Yeah, like I'd believe the guinea

[08:49] {Les} AIG likely to continue yesterday's behaviour?

[08:50] {Les} does it have history of doing so?

[08:50] {nemo} well it popped on the open, and is now basing

[08:50] {Threei} as in big moves - yes

[08:50] {Threei} direction - toss a coin

[08:50] {Les} ok

[08:51] {nemo} although on the daily 34 is pretty strong resistance

[08:57] {Threei} don't know how significant FDA approval is for OCLS but a stock has history of running

[09:01] {Threei} (EU) ECB's Weber: Markets have stabilized and economic recovery has begun (related BUNDS EUR/USD FEZ )

[09:01] {Threei} weber knows stuff too

[09:04] {Threei} - says the 'Volcker Rule' could adversely effect monetary policy transmission

[09:04] {Threei} what the heck is monetary policy transmission

[09:05] {nemo} yep...that's why the big banks get away with what they do...they're a conduit for Fed Policy and Treasury auction functions

[09:08] {dino} gm all, wow itmn

[09:08] {Threei} dino :)

[09:08] {Les} hey dino

[09:09] {dino} :)

[09:09] {dino} nav blood

[09:13] {nemo} mon might be getting ready to make a move...looks like might be double basing on daily

[09:13] {fernp} Good morning everybody

[09:13] {Les} fern

[09:13] {Threei} fern :)

[09:17] {larisa} gm :)

[09:17] {Threei} larisa :)

[09:18] {strider} morning, larisa

[09:18] {larisa} vad, strider :)

[09:19] {nemo} lari :)

[09:19] {RonS} gm all ;)

[09:19] {Threei} Ron :)

[09:20] {jfjf64} mornin

[09:20] {Threei} jf :)

[09:21] {dino} aixg

[09:21] {Les} ron, jf, larisa

[09:21] {jfjf64} les

[09:21] {RonS} C pre interesting. Testyed 4. niw off that. Would seem a 4. reg session test must come

[09:22] {lasertrev} morning

[09:22] {Threei} trev :)

[09:24] {jfjf64} anythin in cross hair vad

[09:24] {Threei} OCLS

[09:24] {Threei} CYTK

[09:24] {Threei} ITMN

[09:24] {Threei} AIG

[09:24] {jfjf64} a hunting we shall go

[09:29] {Les} C might come into play sooner or later. rumour mill is at work. uncle sam to quit ownership soon...

[09:30] {RonS} CYTK short report shows 1.8 mil but only 3% of float

[09:32] {magoo} AIG rockin

[09:33] {Les} passing yesterdays high

[09:33] {magoo} in .50

[09:33] {magoo} 0ut .87

[09:34] {nemo} deft

[09:34] {Les} cytk .55 b/k?

[09:34] {magoo} lets stay on it vad

[09:34] {Threei} Long Setup: FITB .85 break

[09:34] {magoo} fast to post early

[09:34] {Threei} slow

[09:34] {Threei} stop under .75 for scalpers

[09:34] {Threei} .70 for day traders

[09:35] {Threei} Long Setup: OCLS .75 break

[09:35] {Threei} thin, jumpy, momo canaidate

[09:36] {magoo} dam AIG

[09:37] {magoo} coulda had a point

[09:37] {magoo} GS downward

[09:39] {Threei} Long Setup: SVNT .50 break if stays above .35

[09:39] {Threei} daily chart play

[09:39] {magoo} AIG .50 break

[09:39] {Threei} FITB 1:1 for scalpers

[09:39] {magoo} in

[09:39] {Threei} OCLS stop under .60

[09:40] {Les} taken ty

[09:40] {Les} nice call on aig mags

[09:40] {magoo} out .98

[09:40] {magoo} dammit

[09:41] {magoo} another point

[09:41] {Threei} OCLS 1:1

[09:41] {Threei} half out

[09:42] {Threei} stop to b/e, opffering 1/4 above 3

[09:43] {dino} out ocls +,12 ty vad

[09:43] {Threei} :)

[09:43] {dino} out fitb +.13, ty vad

[09:43] {Threei} :)

[09:44] {Threei} (US) Preview: Jan Wholesale Inventories due out at 10:00ET

[09:44] {Threei} **consensus expectations: +0.2%e v -0.8% prior

[09:45] {dino} out svnt +.12, ty vad

[09:45] {Threei} :)

[09:45] {fernp} JBLU breakout, Vad?

[09:45] {Threei} probably...

[09:45] {Threei} I like chart,

[09:45] {Threei} I am not in a very good relationship with this stock

[09:45] {fernp} ty

[09:45] {Threei} FITB 1:1 for day traders

[09:46] {Threei} half out

[09:46] {Threei} ese would be very happy with FITB today

[09:47] {dino} es is always happy

[09:47] {Threei} all his 50K would have played nicely

[09:47] {fernp} sure :-)

[09:48] {Threei} offer 1/4 more FITB .12

[09:50] {Threei} US) Nevada reports Jan casino Rev $883.3M, -3.2% y/y; Las Vegas strip $495M, -3%

[09:50] {Threei} larisa, Las Vegas needs you badly

[09:51] {larisa} but i will win, not lose :)

[09:52] {Threei} ok, you better stay home then

[09:52] {dino} i expect you to

[09:52] {larisa} :)

[09:52] {Threei} thick-necked mobsters in black sweaters watch for those winners not for nothing

[09:54] {Threei} numbers in 7 min

[09:54] {Threei} 6

[09:54] {Threei} LVS took you seriosuly larisa... dropped after you warned about your purposes

[09:54] {Threei} I have new strategy

[09:55] {Threei} we short LVS, you say "I am going there to win"

[09:55] {larisa} stay focused, still early :)

[09:55] {Threei} it drops, we cover, go long, you say "or maybe lose"

[09:55] {Threei} want to wait out numbers at 10

[09:57] {dino} syx sm s .64

[09:57] {magoo} not a call..but AIG gonna near 39 today

[09:58] {Threei} GFIG Well positioned to capitalize on changes on OTC market changes - Raymond James conf slides (5.86, -0.05, -0.85%) '

[10:00] {Threei} US) JAN WHOLESALE INVENTORIES: -0.2% V 0.2%E

[10:01] {Threei} Short Setup: ITMN .90 brak half lot

[10:01] {Threei} argh

[10:01] {Threei} see if bounces back into trigger

[10:01] {Threei} 39.05 stop

[10:02] {Threei} ok, same setup

[10:02] {dino} asps

[10:04] {magoo} WFC nears high

[10:04] {Threei} die ITMN

[10:04] {dino} sm l .98 asps

[10:06] {magoo} things jumpy dino

[10:06] {Threei} AIG CNBCs faber: Recent strength partially attributed to possible short squeeze (36.71, +3.94, 12.02%)

[10:06] {magoo} vad..WGFC may be next

[10:07] {Threei} easy

[10:08] {dino} lol magoo, a bit huh

[10:08] {dino} out .61, +.63 asps

[10:08] {magoo} asps just reported dino

[10:08] {dino} i knpw

[10:08] {dino} i know

[10:09] {magoo} WFC dave

[10:09] {dino} nobody took it?

[10:09] {magoo} i did...in

[10:09] {dino} i'm out .61

[10:10] {magoo} 91% of AIG stock avail for shorting is borrowed

[10:10] {magoo} news

[10:11] {magoo} out 24.19 + 1 point DUINO

[10:11] {magoo} dino

[10:11] {dino} gj

[10:11] {Threei} ITMN stop to above 39, let's be stingy

[10:12] {Threei} 1:1

[10:12] {Les} out ty

[10:13] {Threei} can do more, IMO

[10:13] {dino} open sm l .75

[10:13] {Threei} out 3/4 .70

[10:13] {Threei} stop to above .90

[10:14] {Les} fitb fighting massive offers under hod

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

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

[10:14] {Threei} Crude: +1.8Me

[10:14] {Threei} Gasoline: +100Ke

[10:14] {Threei} Distillate: -1Me

[10:15] {Threei} not really valid indication for FITB, Les

[10:15] {Threei} it has huge bids and offers

[10:16] {Les} ok. I tried again at .01, but took it for a couple of cents. dunno what it wants to do

[10:16] {Threei} those have significance when they are drastically differ from normal for the stock

[10:16] {Les} USO nice chart

[10:16] {Threei} yesterday's Prius guy says 'I was afraid to switch car to neutral"

[10:17] {Threei} I swear one of us is crazy - I or world

[10:17] {Les} he's been playing World Rally Championships too long

[10:18] {Threei} this tiome even 911 operator was telling him to do that

[10:18] {Threei} yet he wouldn't

[10:18] {Les} speaking of rally, you taken that black beast out the back and thrashed it a little?

[10:20] {Threei} bidding .55 ITMN balance

[10:21] {Threei} out

[10:21] {Threei} that's 4 for 4

[10:21] {Threei} can I go home?

[10:21] {Les} babysit us for next 5 hours

[10:22] {Threei} aww, covered too soon

[10:23] {Les} fitb short?

[10:23] {fernp} C if breaks 4, vad? is valid?

[10:24] {Threei} with stop under .95... why not

[10:24] {fernp} yes. ty

[10:25] {Les} aig coming down

[10:27] {dino} itt

[10:29] {Les} zion .56 break?

[10:30] {dino} syx bstop to .,51

[10:30] {Threei} DOE CRUDE: +1.4M V +1.8ME

[10:30] {Threei} GASOLINE: -3M V +100KE; DISTILLATE: -2.2M V -1ME

[10:31] {Threei} not sure Les

[10:32] {dino} itmn nice short vad

[10:33] {nemo} new highs spy

[10:35] {dino} jan highs 10729, 1896 (past), 1150

[10:36] {dino} swm sm l .25

[10:36] {dino} cov syx .34, +.30

[10:42] {dino} ustr

[10:45] {dino} swm stop is .94 fwiw

[10:45] {Threei} Market Internals update at 10:30amET

[10:45] {Threei} - NYSE volume 265M shares, about 9% above its three-month average; advancers lead decliners by 1.8:1.

[10:45] {Threei} - NASDAQ volume 565M shares, about 11% above its three-month average; advancers lead decliners by 1.5:1.

[10:45] {Threei} - VIX index -1.5% to just over 17.50

[10:47] {dino} lol, informercial "better traders"

[10:47] {Threei} C with its blazing speed...

[10:48] {Threei} about to get blisters

[10:52] {Threei} next C uptick is coming in the theater near you - this, yes THIS year!

[10:53] {fernp} lol

[10:54] {dino} scannersall green

[10:56] {magoo} a summer release vad :0

[10:56] {Threei} late summer

[10:56] {Threei} yessss

[10:57] {Threei} new high C

[10:57] {Threei} 1 cents higher than old high

[10:57] {nemo} 880

[10:58] {Threei} wooohooo

[11:00] {dino} aspsd

[11:00] {dino} asps

[11:01] {Threei} ECB's Noyer: Rules out the possibility of Greece defaulting on debt

[11:01] {Threei} - CDS should be supervised by central banks

[11:01] {nemo} he knows

[11:01] {dino} sm l .11

[11:02] {Threei} wow SVNT

[11:03] {Threei} 40 cents from our entry

[11:05] {Les} good call dino

[11:05] {Les} before you said you were long

[11:05] {Les} i was think short it

[11:06] {Threei} hard to believe but C is up from entry not 2, not 3... not even 4... but, ger ready for this... drumroll... 5, yes, FIVE cents!

[11:07] {Les} l C .01. this is sort of speed I can handle

[11:07] {Threei} not getting dizzy?

[11:07] {Threei} no seaseackness?

[11:07] {Threei} sickness

[11:07] {Les} beer sickness maybe

[11:08] {dino} ty les

[11:08] {Threei} whatever... out, and got nice rebate

[11:08] {Threei} ty fern

[11:08] {dino} had a green beer last night

[11:09] {dino} out asps .70, +.59

[11:09] {Les} and here I thought you were mocking fern Vad...

[11:09] {fernp} sorry Vad

[11:09] {Threei} why would I

[11:09] {Threei} I was mocking C

[11:09] {fernp} i'll never do it again

[11:09] {Les} didn't realise you were long too

[11:09] {Les} ok. mocking C is good

[11:09] {Threei} scalp type I

[11:10] {Les} out +.05 ty fern

[11:10] {Threei} big shares, get out into buying at the offer, get ECN rebate

[11:10] {Threei} eats nicely into commissions

[11:11] {Threei} all Laser users realize how it works?

[11:12] {nemo} if you create liquidity=sell, they pay you as long as it's not at the bid/offer when you enter the order?

[11:12] {magoo} looky WFC vad

[11:12] {magoo} u dismissed me

[11:12] {Threei} wow... I can't decode that nemo

[11:12] {Les} AIG hovering around 36

[11:13] {nemo} selling creates liquidity, yes?

[11:13] {Threei} I didn't mags, just had no firm read

[11:13] {Threei} no

[11:13] {nemo} oh

[11:13] {magoo} u must provide liquidity

[11:13] {Threei} adding your order creates liquidity

[11:13] {nemo} I was looking at wfc break of .50 back around 10:30

[11:13] {Threei} taking out someone's takes out liquidity

[11:14] {Threei} example will be the simplest way to illustrate the concept

[11:14] {magoo} i mentioned it .35 area

[11:14] {Threei} stock is trading 20 x 20.10

[11:14] {Threei} you want to buy

[11:14] {Threei} hit 20.10 offer - you take away liquidity

[11:14] {Threei} bid at any price BELOW 20.10 - you add liquidity

[11:14] {Threei} you want to sell:

[11:15] {Threei} hit the bid at 20 - you take away liquidity

[11:15] {Threei} offer at any price HIGHER that 20 - you add liquidity

[11:15] {Threei} of course in order to get a fill you need someone to hit your order

[11:15] {Threei} that's why it's better to exit into strong buying,

[11:16] {Threei} offering your shares into surge

[11:16] {Threei} like C at .05

[11:16] {Threei} but when your order is taken out - ECN pays you

[11:16] {Threei} look at your Analysis window

[11:17] {Threei} where there is a breakdown separately passtru and comm

[11:17] {Threei} you will see how your passsthru number drops if you got hit on adding liquidity order

[11:18] {Threei} and if you manage to get it on both ends - you will actually see positive number in there

[11:18] {Threei} rare case though, to get bioth in and out adding liquidity

[11:18] {magoo} AIG

[11:20] {magoo} off ,50 imo

[11:20] {Threei} was it understandable guys?

[11:21] {magoo} ya ya

[11:21] {strider} I understood it..

[11:21] {strider} But I already knew it.

[11:21] {Threei} ok, I'll go back to sleep then

[11:22] {strider} o you know what the 'give up' colum is, on the summary sheet.?

[11:22] {strider} do

[11:22] {strider} column

[11:22] {Threei} hmm?

[11:23] {strider} Look on the 'print summary', under files.

[11:23] {strider} There's a column called 'give up'.

[11:23] {Threei} huh... no, lol

[11:23] {strider} I think that might be Trev's profit.

[11:25] {dino} stood stand under above

[11:25] {dino} nav puzzles me

[11:25] {strider} 'stood stand under above' puzzles me.

[11:26] {dino} the my job is done

[11:26] {Threei} lol

[11:26] {strider} I see.

[11:26] {Threei} I guess ask Trev, strider, no idea what that is

[11:27] {Threei} could be SEC fee

[11:27] {strider} k

[11:27] {strider} As in, "OK, youse, gyse, give it up."

[11:27] {magoo} AIG invalidated

[11:27] {magoo} for now

[11:27] {dino} yutes

[11:27] {strider} persactly

[11:28] {nemo} aig very slow steady climb of support

[11:28] {strider} Awh, dino, now you got me thinkking about Marisa Tomei again.

[11:29] {Threei} no chance strider... everyone knows she likes short bald stocky guys

[11:29] {strider} I can change.

[11:29] {nemo} she looked great in "The Wrestler"

[11:30] {strider} Haven't seen that yet. But I will.

[11:30] {nemo} download it

[11:30] {dino} she's pleasant to look at

[11:30] {strider} what a gentleman.

[11:30] {Threei} loo at SPY intraday

[11:30] {RonS} .

[11:30] {nemo} you see quite a bit of her in the movie

[11:31] {Threei} activity ended and stall started exactly at 1 hour after open

[11:31] {Threei} 1h 5 m

[11:31] {dino} i always thought she was a hottie

[11:31] {RonS} ...computers have clocks...

[11:31] {Threei} so did George Costanza

[11:31] {strider} nemo, you gotta see

[11:32] {strider} The Perez family.......from 1995

[11:32] {nemo} ?

[11:32] {strider} Tomei stars in it.

[11:33] {Threei} read and wheep:

[11:33] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_howard_rich/rockefeller_stopping_obama_s_environmental_end_around

[11:34] {dino} tho hl l .50

[11:38] {dino} let's hope they get "no" across to the obaination

[11:39] {Threei} Leap Wireless International MetroPCS CFO: Clearly interested in a possible combination with Leap Wireless

[11:39] {Threei} - reminder: on 2/11 MetroPCS reportedly hired bankers to advise on a possible bid for LEAP, and on 2/17 a report circulated that the two firms could be getting close to striking a deal.

[11:39] {RonS} ...idealogues refuse to take feedback.

[11:39] {Threei} eqzaktly

[11:39] {Threei} no for them just means "you are stupid, you don't get it, so I'll do it anyway, for your own good"

[11:40] {RonS} ...does ZION bear watching?

[11:40] {dino} out open.88, +.13

[11:40] {Threei} I don't see any definite setup on it

[11:40] {RonS} zion, I am looking at the one year daily...

[11:41] {Threei} very nice looking one

[11:41] {Threei} you'll see close picture on FITB

[11:42] {magoo} silver and gold getting crushed

[11:42] {Threei} this is general sector chart mostly

[11:42] {Threei} yeah mags, interesting considering oil strength

[11:48] {Les} aig broke

[11:50] {KSystems} Arrrrr

[11:50] {Threei} lol

[11:50] {Threei} hey KS

[11:50] {KSystems} Yes, I reinstalled my box

[11:50] {nemo} wow

[11:50] {KSystems} and it obviously seems to work

[11:50] {Threei} that was funny as heck

[11:50] {Threei} owner of hosting server not being able to get in

[11:51] {KSystems} shut up :D

[11:51] {Threei} yes sir {G}

[11:51] {Threei} but, just how funny was that

[11:51] {KSystems} sigh

[11:51] {RonS} OCLS setting up for run?

[11:52] {nemo} Halt's Maul

[11:52] {Threei} I doubt it

[11:52] {Threei} out of gas

[11:52] {Threei} maybe close to eod

[11:52] {KSystems} i like you too nemo

[11:52] {nemo} Es ist mir ein Vergnuegung

[11:53] {Threei} (GR) German Chancellor Merkel: Greek crisis cannot be allowed to happen again, Maastrict treaty is not sufficient in dealing with violations of rules

[11:53] {Threei} - Must strengthen Eurostat.

[11:55] {Threei} KS, look dcc pls

[11:55] {Threei} (FR) France PM Fillon: Agrees with Germany on necessity to restrict extreme speculation (related NBG EUR/USD USD/JPY ICE )

[11:58] {dino} i supoose germany should invade greece

[11:58] {dino} :)

[11:58] {Threei} fRANCE DOESN'T MIND

[11:59] {Threei} oops

[11:59] {Les} Wall St not invited to sovereign bond auctions in Europe

[12:00] {Threei} lol

[12:00] {nemo} that's the net trip wire for the market, teh 1:00 auction

[12:00] {Threei} good luck to them regurguilating those bonds between themselves

[12:00] {nemo} wow...what a slaughter of the english language

[12:02] {Threei} lol

[12:02] {strider} combination of regulating and regurgitating.

[12:03] {Threei} I tried to do europian version of it

[12:05] {strider} Back shortly...

[12:05] {nemo} thanks for the warning

[12:05] {Threei} and hurry back

[12:05] {strider} with friends like these.....

[12:06] {nemo} :)

[12:09] {magoo} AIG big barfe

[12:09] {Les} mags, in your experience AIG gonna bounce at 35?

[12:10] {dino} stop swm -.25

[12:10] {Threei} (US) NY releases budget plans; max debt issuance at $6B

[12:10] {Threei} - requires a pay down of the structural gap and allowance of borrowing assuming controls were followed

[12:11] {magoo} NO

[12:12] {magoo} death

[12:12] {Les} out -.10

[12:12] {Les} tried for 10 cents. failed

[12:12] {magoo} sorry if my response was late

[12:12] {magoo} 34.50 coming

[12:13] {Les} no problem. I structured a play according to the rules, didn't work

[12:13] {Les} unfortunately I can't short

[12:13] {magoo} more intersted here

[12:13] {magoo} NOT in

[12:13] {magoo} careful

[12:13] {magoo} WOW

[12:13] {magoo} we need vad to call it

[12:15] {magoo} but hes been IGNORING me

[12:15] {Threei} well mags, be fair - I was deprived of this pleasure for what, about a month?

[12:15] {magoo} more i believe

[12:15] {Threei} see?

[12:16] {Les} crap OCLS just went nuts

[12:16] {nemo} pretty much from the 1st of the year

[12:16] {nemo} rimm holding fairly well in this pullback

[12:16] {Threei} uou take prolonged vacation, I can't ignore you, can't slap you

[12:16] {Threei} GOOG Exec: Stands behind plans to end censorship on Chinese portal, Google is ready to "accept the consequences" (568.61, +8.42, 1.50%) (related BIDU )

[12:17] {Les} good eye on OCLS Ron. Was negotiating with daughter for clean room and it broke...

[12:20] {Les} Vad, that big long down spike on AIG just before bounce - indicative of reversal?

[12:20] {dino} sam

[12:20] {nemo} see volume with it Les, that's an indicator also, but, big range

[12:22] {Threei} as a concept - yes, les, but as a setup - no

[12:22] {Threei} in a sense that it doesn't give you a structure for entry

[12:22] {Threei} (GR) Greek PM: Believes EU would intervene in markets if Greek borrowing costs do not decline (related EUR/USD BUNDS SOVRX NBG )

[12:23] {Les} sure. just admiring how it stopped at .50. dino's quarter theory at work

[12:24] {Threei} - EU has ways to lower Greek borrowing costs.

[12:25] {Threei} Adam Smith's invisible hand is so getting ready to slap these interventionists

[12:25] {dino} those quarters are something huh les

[12:25] {Les} that would be those pesky speculators govt. would like to kneecap?

[12:26] {dino} what they forget is nobody is bigger than mr market

[12:28] {Threei} their ideology says oterwise

[12:29] {Threei} they just don't believe in objective forces

[12:29] {Threei} in teir mind (or whatever serves them for it), they can will everyting if they think it's "the right thing to do"

[12:29] {dino} as i tell my kids, just because someone says it doesn't make it true. these guys can talk all they want

[12:30] {dino} tho stopped -.25

[12:30] {dino} hit 5 in row just missed 2, break time

[12:31] {dino} 7 in row, my mistake

[12:31] {Threei} (EU) ECB's Weber: ECB will draw a clear line between monetary policy and financial regulation

[12:31] {Threei} - Central banks must play a role in ESRB

[12:32] {Les} Problem is too many think like these bozos in all walks of life

[12:32] {Les} I've had a gutfull of Marxism in literature...

[12:33] {Les} still looking to understand why the masses are deceived, how horror like Dracula continues the deception

[12:33] {Les} yadda yadda yadda

[12:34] {dino} because it is easier not to think and try, imo

[12:34] {nemo} you take statistics Les?

[12:34] {Les} it's one reason i've taken interest in taoism

[12:34] {dino} plus if you dumb down your voters, ie lower school standards, they will believe this crap

06[12:34] * nemo keels over

[12:34] {nemo} anyway...back to statistics..you take it les?

[12:35] {Les} no

[12:35] {dino} "get out of the way"

[12:35] {Threei} Preview: Treasury's $21B 10-year note reopening results due out just after 1:00PM

[12:35] {Threei} - $21B is unchanged from the Jan reopening

[12:35] {Threei} - The bid-to-cover at the last reopening was 3.00 with an average of 2.88 over the last 6 reopenings.

[12:35] {Threei} - Indirect bidders took 29% of competitive bids at Jan reopening with 49.9% alloted at the high.

[12:35] {nemo} There's what's called a bell curve

[12:35] {nemo} represents standard distribution across a valid sample size

[12:36] {nemo} So when you're measuring something, IQ for instance

[12:36] {Les} yeh I know what bell curve is

[12:36] {nemo} You have a large enough sample size, the sample will follow a standard distribution

[12:36] {nemo} o.k.

[12:36] {nemo} So, let's say the masses are a good size sample

[12:36] {nemo} How do you think I.Q. will distribute across it?

[12:37] {nemo} O.K...

[12:37] {nemo} Well, basically, 50% will have a lower than average I.Q. (under 100)

[12:37] {Les} hmmm tempted to say uneven distribution

[12:38] {nemo} So 50% of the people don't have the wiring to think critically in the first place

[12:38] {Les} ok

[12:38] {nemo} That leaves 50% who have some intellectual capability

[12:38] {Les} what's your excuse Nemo?

[12:38] {Les} :D

[12:38] {nemo} drugs and alcohol

[12:38] {Les} oh

[12:39] {Les} I wasn't funny

[12:39] {nemo} oh, and my daddy made me where makeup as a child

[12:39] {nemo} Anyway...

[12:39] {dino} no high heels?

[12:39] {nemo} tough as a kid

[12:40] {nemo} so...50% are left with some capacity, although one could argue to really have the ability to comprehend what is going on (as if we have a clue) you have to be a bit farther up the curve

[12:40] {nemo} so let's say 35%

[12:40] {nemo} then there is the matter of interest, laziness, and time, not to mention previous indoctrinated tendencies

[12:41] {nemo} those all come into affect

[12:41] {nemo} that's why the masses will always be the masses

[12:42] {Les} still, no longer able to chop their heads off at kings pleasure

[12:42] {Les} significant progress has been made

[12:43] {nemo} Plu cest change, plu cest le meme chose

[12:43] {dino} and the masses grow if you dumb them down

[12:44] {Les} I personally think marxists are full of it and society is evolving ok.

[12:44] {nemo} and more people are part of the "masses" then they like to believe

[12:44] {Les} of course its one step forward, two back

[12:44] {Les} have you read "Carrie" - steven king?

[12:44] {nemo} saw the movie

[12:45] {Les} one of horror books I'm writing on

[12:45] {nemo} He lives about an hour and a half away in Maine

[12:45] {nemo} got a Victorian house, with a creepy iron gate out front

[12:46] {Les} I think novel is half decent reportage of society as author sees it at the time

[12:46] {nemo} yeah, Sissy Space, John Travolta, and, Spielberg's ex

[12:47] {Les} the horror isn't carrie, but the bloody teenagers tormenting her to commit horror

[12:47] {Les} half decent novel for kids to read, to learn to respect others

[12:47] {Threei} OCLS

[12:48] {Threei} gathers energy for more

[12:49] {Les} did you say OCLS can go momo?

[12:49] {Threei} before open

[12:50] {Threei} no, after

[12:50] {Threei} [09:35] {Threei} Long Setup: OCLS .75 break

[12:50] {Threei} [09:35] {Threei} thin, jumpy, momo canaidate

[12:51] {dino} kci

[12:51] {dino} wins court battle

[12:52] {dino} psys

[12:52] {dino} ?

[12:52] {Threei} no news

[12:53] {Threei} no idea

[12:53] {Threei} PSYS Holding buyout talks with Bain Capital - WSJ (27.97, +4.06, 16.98%)

[12:53] {dino} psys sm s .55

[12:53] {dino} uh oh

[12:54] {nemo} what

[12:54] {dino} cov .10, +.45

[12:55] {Threei} Bain Capital, which is offering 25% premium

[12:55] {dino} ways to go then

[12:55] {dino} 30

[12:56] {Threei} scalped

[12:56] {Threei} that was a good number to provide a play

[12:57] {dino} kci thoghts

[12:58] {Threei} looks overdone to me...

[12:58] {dino} sm s kci .60

[12:59] {Les} thanks dino. couple of scalps there

[12:59] {dino} np, glad to help

[12:59] {dino} that's why you guys pay me, right

[13:00] {Threei} here comes KCI

[13:00] {dino} you are late

[13:01] {Threei} hmm?

[13:01] {Threei} [12:58] {Threei} looks overdone to me...

[13:01] {dino} should lose 51

[13:01] {magoo} damm dino...ASPS

[13:01] {dino} screw it cov ..96, +.64

[13:02] {dino} yeah magoo

[13:02] {dino} well that was a profitable ten minutes

[13:03] {Threei} TREASURY'S $21B 10-YEAR NOTE REOPENING DRAWS 3.735%; BID-TO-COVER RATIO: 3.45 V 3.00 PRIOR AND 2.88 OVER THE LAST 6

[13:03] {Threei} - Indirect bidders take 35.1% of competitive bids, with 70.94% alloted at high

[13:03] {Threei} - 17.5% go to Direct bidders

[13:03] {nemo} that's not real good

[13:04] {nemo} that's why fas dropping

[13:08] {nemo} mmm kci again?

[13:09] {strider} .

[13:09] {dino} covered way too

[13:09] {dino} soon

[13:10] {dino} corey haim died, 38

[13:10] {nemo} can't get above .10

[13:11] {nemo} timber

[13:18] {Threei} EUR/USD ECB's Trichet: There is international cofidence in the Euro currency; that confidence is 'crucial' (related EUR/JPY EUR/GBP EUR/CHF )

[13:18] {Threei} KCI Hearing JP Morgan suggests taking profits on today's gains (timing uncertain) (50.02, +6.71, 15.49%)

[13:18] {strider} good idea.

[13:19] {Threei} will buyers take thos OCLS offer?

[13:20] {dino} kci sm s .74

[13:20] {dino} bstop is .01

[13:20] {magoo} im sh it from loss of 50

[13:21] {dino} good

[13:22] {nemo} those ocls offers gone

[13:24] {dino} stopped -.26

[13:26] {dino} rinsed

[13:30] {dino} lol psys topped at 29.99

[13:32] {Threei} your 30 was the embodiment of precision eh

[13:33] {dino} lucky guess was up 20% you said the wanted 25%

[13:35] {Les} kci

[13:35] {dino} you cover magoo

[13:39] {Les} ITMN nearing 38. db or death?

[13:40] {Threei} death IMO

[13:43] {Les} http://miburl.com/T7K5Bs

[13:43] {Threei} US) Preview: Feb Monthly Budget Statement due out at 14:00ET

[13:43] {Threei} **consensus expectation: -$222Be v -$193.9B prior

[13:43] {Les} some of you might appreciate humour of australian govt. stimulus

[13:44] {Les} a huge case of fraud, mismanagement and deaths

[13:44] {Les} well, death isn't funny

[13:44] {nemo} not necessarily bad if it's quick

[13:45] {dino} takes care of worries

[13:45] {Les} Australia went from surplus to deficit to install dodgy insulation and now must remove or repair it

[13:45] {nemo} friend of mine who saw alot of combat said: Dead=good half-dead=not good

[13:46] {dino} tho l ave .20

[13:47] {Les} only a few billion mispent in oz. wonder how much lost in US?

[13:47] {nemo} you have dcc les

[13:47] {nemo} defensive aren't you

[13:50] {Threei} this is what comparison of stupidity of diff governments gets you: http://realitytrader.com/vad/canoworms.jpg

[13:52] {fernp} ufff! it is very nasty

[13:52] {Threei} that's the point

[13:53] {Threei} trying to get a feel for OCLS

[13:53] {Threei} bottom or death

[14:03] {Les} db for ITMN

[14:05] {dino} psys

[14:05] {Les} crap ocls not shortable

[14:07] {Threei} it is here

[14:08] {dino} nav sm l .76

[14:09] {Threei} General Motors Corp CEO states GM is back on growth path, still believe GM can repay its govt loans by June

[14:09] {Threei} - CEO says "Job harder than I thought", GM has a lot of issues.

[14:09] {Threei} ***Reminder: On 12/15 GM Chairman Whitacre said he plans to repay govt funds by the end of June (GM's current TARP funds approx $20.64B).

[14:09] {Threei} US) FEB MONTHLY BUDGET STATEMENT: -$220.9B V -$222BE (17TH STRAIGHT MONTH OF BUDGET DEFICITS)

[14:12] {Les} aig

[14:13] {magoo} yea AIG

[14:16] {Les} l .66

[14:16] {magoo} me too

[14:17] {magoo} if IF mkt launches it could go to its day high

[14:17] {magoo} might rinse tho

[14:18] {magoo} psys HALT

[14:19] {Threei} PSYS Halted; news pending (28.35, +4.44, 18.57%)

[14:20] {larisa} I missed it, it moved on no news?

[14:21] {magoo} aig stop is .48

[14:21] {magoo} might reload if holds 35

[14:21] {magoo} not stopped yet

[14:23] {fernp} Good evening everybody. See u all tomorrow

[14:23] {Les} ciao fern

[14:24] {Threei} take care fern

[14:24] {Les} and stopped

[14:24] {Threei} larisa,

[14:24] {Threei} 12:53 [PSYS] Holding buyout talks with Bain Capital and other private equity firms; PSYS seeking 25% premium (closed on 3/9 at $23.91/shr) - WSJ, citing sources

[14:27] {larisa} ty vad

[14:29] {Threei} always

[14:32] {magoo} reloaded AIG, stop under fitty

[14:37] {magoo} grrrrrr

[14:37] {Les} http://uploads.mibbit.com/wVhY9V.gif

[14:38] {magoo} my KCI short Awesome

[14:38] {Les} waiting till it clears this mess with vol

[14:40] {Les} ITMN back to 38. no db

[14:41] {dino} gj kci

[14:41] {dino} trail hard bstop

[14:47] {Threei} best news I read today:

[14:47] {Threei} Charlie Sheen is set for Two and half Men return

[14:47] {magoo} long AIGF .53

[14:47] {Les} l aig .56. stop .50

[14:48] {magoo} gonna try and leyt it run

[14:48] {Les} looking better now

[14:48] {Les} stopped

[14:49] {Les} there goes ITMN

[14:49] {Threei} 6 cents stop on AIG?

[14:49] {Threei} that'll never work

[14:49] {Les} so call me a tight ass

[14:49] {Les} I get your point

[14:51] {dino} funny show that 2 1/2

[14:51] {nemo} 2 1/2 men?

[14:51] {nemo} hilarious

[14:51] {dino} one of the best

[14:51] {Threei} I knew I'd find comrades

[14:51] {Les} you mean with with the baby?

[14:51] {Les} 3 men and a baby?

06[14:51] * nemo slaps Les around a bit with a large trout

[14:52] {RonS} Berta

[14:52] {dino} candy was something

[14:52] {nemo} can't remember them all

[14:52] {Threei} Berta, how do you wash my underwear? - As everything I do around here... with love in my heart and song on my lips

[14:54] {nemo} I like the one where Charlie is the human "sacrifice" at the witches coven

[14:55] {dino} all are funny

[14:55] {RonS} Angus T Jones

[14:56] {dino} magoo tell me you covered kci around 48.50

[14:59] {dino} mos vs pot disconnect lately

[15:00] {dino} osip

[15:01] {dino} back in 10

[15:03] {Threei} US Senate approves jobs bill valued at approx $150B, measures go to House; closes Black Liquor loophole

[15:03] {Threei} - delays medicare cuts for Doctors until Oct 1

[15:03] {Threei} - closes black liquor loophole

[15:03] {Threei} - bill brings back $25B in tax breaks that had expired

[15:11] {dino} abvt

[15:12] {Raven} black liquor loophole ?

[15:13] {Threei} http://www.risiinfo.com/techchannels/papermaking/Black-liquor-tax-credit-A-loophole-to-be-plugged.html

[15:13] {Threei} The alternative fuel credits were expected to cost the federal government $61 million a year in lost taxes, but that was before pulp and paper companies started applying. A cost estimate being circulated among lawmakers by the nonpartisan Joint Committee on Taxation now puts the price tag at $3.3 billion. There is also the issue of the loss of tax revenues at a time when the federal deficit is already expected to be $1.8 trillion this year.

[15:14] {dino} abvt sm l .47

[15:14] {Raven} sigh ... I was hoping for RUM

[15:16] {dino} been hoping for a shock top myself

[15:17] {Raven} shock top ?

[15:17] {Threei} I am scared even to guess

[15:17] {Raven} strange jargon here

[15:17] {dino} beer

[15:18] {Raven} never heard that one

[15:18] {magoo} l AIG .50

[15:18] {magoo} worth aniother

[15:18] {magoo} right time of day

[15:18] {Les} yeh. pivot resistance .54.

[15:19] {Les} I did get to short it first time it dropped. second time shares were unavailable. sheesh

[15:21] {magoo} i'd bet vads left n@t it breakes thru 36 :)

[15:22] {dino} abvt stopped -.35

[15:24] {Les} wow ITMN finally caved in

[15:25] {magoo} your family jewels are safe vad lol

[15:25] {Threei} whew

[15:25] {Threei} PSYS Confirms Approach from Third Parties Regarding Potential Sale

[15:25] {Threei} - approached by third parties in connection with a potential acquisition of PSI. In order to conside... (28.35, +4.44, 18.57%) more...

[15:26] {magoo} i hope u went LES

[15:26] {Les} crap. why is it always on the toile break

[15:26] {magoo} we got to remember time of day

[15:27] {Les} screwed it good and proper

[15:27] {magoo} im lettuing it run

[15:27] {magoo} to the moon

[15:28] {magoo} well...36.67 are

[15:28] {magoo} are=area

[15:28] {magoo} well out

[15:28] {magoo} loss of 36

[15:28] {dino} kci s .45\

[15:28] {magoo} + .48

[15:29] {magoo} back in

[15:30] {magoo} .98

[15:31] {magoo} stopped

[15:31] {magoo} .79

[15:31] {magoo} im still rusty

[15:32] {magoo} futes killed it too

[15:32] {magoo} whos this magoo who wont stop typing ?

[15:32] {Les} I had a go, but was buying the top. screwed it

[15:35] {dino} cov kci .35, +.10

[15:36] {magoo} its gonna run imo

[15:36] {magoo} careful..its toughie

[15:40] {Threei} narrow day again

[15:41] {Threei} TM Ahead of schedule on completion of recalls in Japan - Nikkei news (76.27, -0.41, -0.53%)

[15:43] {Threei} OCLS... to take home or not

[15:43] {magoo} aig 36.87 area

[15:43] {Les} why .87?

[15:43] {magoo} just a target

[15:44] {magoo} watch

[15:45] {magoo} c'mon take fitty

[15:45] {dino} psys open

[15:46] {magoo} there .50

[15:46] {dino} cedc rockin'

[15:46] {magoo} dam .50 clubbed it

[15:48] {magoo} heres the the play, take .50 and stay above and .90 area

[15:48] {magoo} no good there

[15:49] {Les} out flat this last scalp .25 try agin

[15:49] {magoo} if in .25 can wait at .47...needs .50

[15:50] {dino} 10 minutes

[15:52] {magoo} now or never

[15:52] {Threei} you guys live for troubles eh?

[15:52] {Threei} OCLS gave nice and easy scalp of .60

[15:52] {magoo} plenty of time vad

[15:52] {dino} is there any other way

[15:53] {Threei} but no, you need to mess with this crazy thing

[15:53] {nemo} new high close on spy?

[15:53] {dino} lol

[15:53] {magoo} go gio

[15:53] {magoo} go

[15:53] {magoo} .87 baby

[15:53] {magoo} [15:49] {magoo} if in .25 can wait at .47...needs .50

[15:54] {magoo} c'mon

[15:54] {dino} nav out ave +.17

[15:54] {magoo} c'mon

[15:54] {Les} hey its fun to learn vad

[15:55] {magoo} waiting .87

[15:57] {Les} made .80

[15:57] {magoo} i saw .79

[15:58] {Les} ok. just looking at chart

[15:58] {magoo} i saw them scolling

[15:58] {Les} scolling?

[15:58] {magoo} scrolling

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} winning steak contionues

[15:58] {Les} thank you

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {magoo} ty

[15:59] {Les} a demain

[15:59] {dino} gn all, good time