Mar 17 2010

Interesting day, with a few stops and a lot more wins. What made it different is a big variety of plays: longs and shorts, small scalps and bigger plays, badly beaten cheapies like FUQI and expensive high-fliers like POT. All in all, fun and profit.

Session Time: Wed Mar 17 00:00:00 2010

[08:40] {Threei} US) FEB PRODUCER PRICE INDEX M/M: -0.6% V -0.2%E; PPI EX FOOD&ENERGY: 0.1% V 0.1%

[08:59] {Les} afternoon all

[08:59] {Les} I see u are making trouble again vad, handing out sensible advice

[08:59] {nemo} Good morning Les, and how are you today?

[09:00] {Les} oh you are so lucky I don't have mirc, otherwise I'd slap you one good for that Nemo

[09:00] {nemo} :)

[09:01] {nemo} Road to Hell is paved with good intentions

[09:01] {nemo} No good deed goes unpunished

[09:01] {Threei} morning

[09:01] {nemo} yes

[09:02] {Threei} LVS appears to fool us

[09:08] {Threei} UAUA

[09:08] {Threei} UAL Corp Guides Q1 ASMs -3.4% y/y, PRASM +16-17% y/y - filing

[09:14] {Threei} (GE) German Gov't: EU treaties do not allow bailouts; Sees no decision on Greece at next week EU Summit

[09:16] {Threei} FUQI, what a slam

[09:16] {Les} ooh yeh, it's in play today

[09:16] {dino} gm all

[09:17] {nemo} FCX shaping a DB with a break around .70

[09:17] {Les} dino

[09:17] {nemo} dino ;)

[09:17] {Threei} dino :)

[09:17] {dino} :)

[09:17] {Les} sorry, forgot my smiley face

[09:19] {Les} CIT pops on bad news. hmmm

[09:23] {lasertrev} morning

[09:23] {nemo} accurate

[09:23] {Threei} trev :)

[09:24] {larisa} gm :)

[09:24] {Threei} larisa :)

[09:24] {Les} hi

[09:25] {Threei} GE Sterne, Agee Raised GE to hold from sell

[09:25] {dino} hey, remember that foreclosure i bought xmas eve?

[09:26] {nemo} hi lari :)

[09:26] {Threei} sold at double?

[09:26] {dino} just sold it for 30% gain

[09:26] {Threei} wtg

[09:26] {dino} not bad for 75 days

[09:26] {Threei} bottom fishing at its best

[09:27] {dino} indeed, now to find another one

[09:27] {dino} and btw, i turn the big 4 5 today

[09:27] {Threei} happy birthday!

[09:28] {dino} ty

[09:28] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:29] {larisa} happy birthday dino :)

[09:29] {Les} happy b'day man

[09:29] {Threei} look LVS bid

[09:30] {dino} ty

[09:31] {dino} cagc continues down

[09:31] {Threei} Long Setup: LVS .35 break

[09:32] {Threei} if holding above .25

[09:32] {KSystems} hi

[09:32] {Threei} 1:1

[09:32] {Threei} ks :)

[09:33] {nemo} 1:3

[09:35] {dino} cncnx sm l .50

[09:35] {Threei} nice selling

[09:35] {Threei} LVS

[09:36] {Threei} watching if forms something for another long

[09:36] {nemo} db .15?

[09:37] {Threei} not very clean one

[09:37] {nemo} .20 is 200 ma

[09:37] {Threei} .20 break was p[ossible, but kind of pure risk-based setup

[09:38] {fernp} Good morning everybody

[09:38] {nemo} hola fern

[09:38] {Threei} fern :)

[09:38] {Les} hey fern

[09:39] {Les} fuqi

[09:39] {dino} cnx stop to .85

[09:40] {dino} tighten

[09:41] {dino} out .89, +.39 cnx

[09:41] {Les} sweet

[09:42] {dino} ty

[09:42] {dino} been watching it since the big drop

[09:42] {Les} how many b'day beers can you buy in dino's sisters bar with that? :)

[09:42] {dino} cagc hmmmm

[09:42] {dino} lol, about 60

[09:42] {nemo} death

[09:44] {dino} crazy, but feels like high 20s in the works cagc

[09:44] {dino} like 20.80

[09:44] {Threei} daily sure has nothing but air under it down to 20

[09:45] {Threei} Long Setup: CAT .96 break half lot

[09:45] {Les} MNKD doing its sell routine. missed entry

[09:46] {nemo} stop .80?

[09:47] {Threei} bottom of this pullback

[09:47] {Threei} and invalidated under .80

[09:47] {nemo} fcx shaping up same way

[09:47] {nemo} should we look to fade invalidation?

[09:47] {Threei} not by me

[09:48] {Threei} rather long on .80 recross

[09:48] {Threei} if holding .75

[09:49] {Les} s CAGC .59 sm

[09:50] {dino} gutsy

[09:53] {nemo} lvs bottom vad?

[09:53] {Threei} toughie

[09:54] {nemo} nothin' easy this morning, well except first one

[09:54] {Threei} yeah, as easy as first trade has been, things are murky since then

[09:54] {nemo} clear as mud

[09:54] {nemo} your dudeness

[09:54] {nemo} Jeff Bridges flashback

[09:55] {fernp} AXP Vad, any read?

[09:56] {Threei} not really

[09:56] {fernp} ok

[09:56] {dino} rino gap 23.69ish

[09:58] {Threei} FCX

[09:58] {Threei} watching for one more leg down on pullback for long entry

[09:58] {Threei} closer to .70

[10:00] {Threei} if market spikes again, .80 break

[10:00] {Threei} stop under .70

[10:00] {nemo} gone

[10:00] {Threei} too fast?

[10:00] {jfjf64} got it

[10:00] {nemo} broke as typing came across

[10:01] {Threei} 1:1 jf, half out

[10:01] {jfjf64} ty

[10:01] {Threei} .75 was available but hard to read

[10:01] {jfjf64} .77

[10:01] {nemo} shoul probably use the trendline as a stop

[10:01] {jfjf64} agg

[10:01] {Threei} dino, look at this:

[10:01] {Threei} ECB's Trichet: No reasons to doubt solidarity of other nations due to recent Greece crisis (related EUR/GBP EUR/USD NBG )

[10:02] {nemo} ?

[10:02] {Threei} reminds you something? :)

[10:02] {Threei} "we don't need to raise any more capital"

[10:02] {nemo} just print it

[10:02] {fernp} LVS breakdown, Vad?

[10:03] {Threei} only if market drops shrply and LKVS gives a pause for entry

[10:03] {Threei} otyherwise I am not a fun of shorting for now

[10:03] {jfjf64} out

[10:05] {fernp} took it with .20 stop

[10:05] {dino} i see it 3i, agree

[10:05] {fernp} 1:1 ty

[10:05] {Threei} lol... wtg fern

[10:05] {jfjf64} dino happy b day

[10:05] {dino} gj

[10:05] {dino} ty

[10:05] {nemo} fcx holding trend line

[10:06] {jfjf64} st patty day nice bday

[10:06] {dino} :)

[10:07] {Threei} Long Setup: FCX .70 break

[10:07] {Threei} half lot

[10:08] {Threei} if holding above .60

[10:10] {Les} dsw

[10:12] {Threei} no go this time

[10:14] {dino} snda -2.60+ since yesterday

[10:14] {fernp} TEL, Vad? Valid breakout?

[10:14] {Threei} if holding .05

[10:15] {fernp} ty

[10:16] {dino} going red, gut feel

[10:16] {Threei} watching CAT for short on bounce

[10:17] {nemo} lvs

[10:17] {nemo} too late

[10:18] {Threei} IMO, LVS is .15 break long

[10:18] {Les} mnkd .25 b/d

[10:18] {Threei} EBAY PayPal and China UnionPay Open the Global Marketplace to Chinese Consumers (update) (27.09, +0.30, 1.12%)

[10:20] {Threei} PayPal and China UnionPay (a unit of Alibaba.com Ltd), China's bankcard association, today announced that China UnionPay (CUP) card members will be able to use PayPal to shop online, representing a new opportunity for international retailers to sell to a large base of Chinese customers who, combined, hold 2.1 billion CUP cards.

[10:20] {Threei} - hinese consumers have more disposable income than ever before and are starting to look for the best products the world has to offer. CUP card members will be able to use PayPal in the third quarter of 2010. This gives merchants the opportunity to spend the coming months preparing their Web stores for Chinese consumers.

[10:21] {Threei} Short Setup: CAT .70 break if stays under .75

[10:22] {Les} mnkd stopped

[10:22] {Threei} GOOG China Executives aiming to create a new startup search engine if Google leaves - Silicon Valley insider citing rumor (566.88, +1.68, 0.30%) (related YHOO BIDU COHU SINA )

[10:23] {Threei} why do they need new one if they have BIDU?

[10:23] {Les} so they can become fabulously rich like BIDU's owners

[10:23] {Threei} CAT 1:1

[10:23] {Threei} 1:2

[10:23] {Threei} out

[10:24] {Threei} (US) Senator Corker (R-TN): Plans to offer "constructive amendments" to Dodd financial regulation bill (related XLF )

[10:25] {Threei} wow LVS

[10:25] {Threei} good thing it never triggered

[10:25] {Les} premarket .40 was it

[10:29] {Threei} Long Setup: CLNE .85 break half lot

[10:29] {Threei} stop under .75

[10:30] {Threei} DOE CRUDE: +1.0M V +500KE

[10:30] {Threei} GASOLINE: -1.7M V +200KE; DISTILLATE: -1.5M V -1ME; UTILIZATION: 80.6% V 80.7%E

[10:31] {Threei} if breaks .90 from here, stop to under .80

[10:32] {Threei} no go

[10:34] {Threei} WFC Signs second-lien mortgage modification agreement with US Treasury

[10:36] {nemo} hig

[10:38] {dino} getting the monkey off its back

[10:39] {dino} cagc sm l .77

[10:40] {Threei} CLNE rinse

[10:40] {Threei} grrr

[10:40] {dino} dsw lod

[10:44] {dino} dsw sm l .75

[10:48] {Threei} look at this piece of crap

[10:50] {Threei} Long Setup: RIMM .10 break

[10:51] {nemo} stop .90?

[10:52] {Threei} I'd prefer it to hold 75

[10:52] {Threei} and give us tighter stop

[10:52] {Threei} couple cents padding under 75

[10:53] {Threei} should do around .30 with any market help

[10:54] {Threei} {market} me? help? hah!

[10:56] {Threei} can you believe CLNE rinse by 2 cents, then this?

[10:58] {Threei} 1:1 RIMM

[11:00] {Threei} anyone's here?

[11:00] {Threei} is this thing on?

[11:00] {RonS} ...just us chickens...

[11:01] {nemo} me and the rabbit

[11:01] {Threei} I thought it was just me and infuriating CLNE

[11:01] {RonS} ...things are reeely tight...cept materials

[11:01] {dino} .

[11:02] {nemo} fishing reely?

[11:06] {Threei} Kucinich: we must have control over private insurance companies

[11:06] {Threei} Freudian slip eh

[11:06] {nemo} oh boy

[11:06] {Les} who's he? Fed member?

[11:06] {nemo} Congressman

[11:06] {Les} lol what?

[11:07] {nemo} lower Parliament

[11:07] {nemo} House of Commons

[11:07] {RonS} Alred E Newman

[11:07] {nemo} What me Worry

[11:07] {RonS} alfred

[11:07] {Les} hahaha controlling private insurance...

[11:07] {Threei} well, I understand what he meanr

[11:08] {Threei} but the way it came out pretty much reminds me the lunch conversation between two shrinks

[11:08] {Threei} "you know dear colleague, I had a very curious case of Freudian slip today at breakfast,

[11:08] {Threei} I asked my wife to pass me a salt, she did,

[11:09] {Threei} and instead of Thank you dear I said: b*tch, you spoiled my whole life"

[11:09] {Les} lol, yeh the might be freudian

[11:09] {Les} that

[11:09] {RonS} larisa, get the trout...

[11:11] {larisa} nah :) I think you make your own decisions, nobody can spoil anything for you unless you let him :)

[11:12] {larisa} except for that Tobin tax ...

[11:12] {nemo} db rimm?

[11:12] {Threei} even that larisa...

[11:13] {Threei} you vote socialists in, you get what you voted for...

[11:13] {Threei} "you" as in generic you, not you personally

[11:13] {nemo} US went socialist in 1913

[11:13] {RonS} pcx looks good long...entry? 21?

[11:13] {Threei} no on RIMM

[11:13] {nemo} ?

[11:14] {Threei} Ron... 21?

[11:14] {Threei} you mean if it pulls back to it?

[11:14] {RonS} yes

[11:14] {Threei} depends on how it does

[11:15] {Threei} if drops in one quick move, sure

[11:18] {nemo} lvs C&H

[11:18] {nemo} ?

[11:18] {Threei} looks right

[11:23] {RonS} jef jumps on algo traind news. this could have some legs

[11:24] {nemo} out lvs

[11:24] {nemo} ty

[11:25] {Threei} nice setup, and worked like textbook

[11:25] {nemo} yep

[11:25] {dino} out dsw .18, +.43

[11:25] {Threei} nice birthday trading

[11:26] {RonS} dino kickin w dsw

[11:26] {dino} ty

[11:27] {nemo} wonder if LVS breaks .22, thats the 200

[11:28] {nemo} has just pulled back to trend

[11:28] {Les} I see where I'm going wrong with these trades dino likes

[11:28] {Les} should be using trend as friend for long when they bounce

[11:28] {nemo} you're taking them?

[11:28] {Les} instead of short

[11:28] {Les} for weeks now

[11:28] {Les} on paper

[11:29] {Threei} ummm... you mean you are taking his trades but in opposite direction?

[11:29] {Threei} yeah, that would kind of explain where you go wrong...

[11:29] {Threei} or at least serve as a first clue

[11:29] {Les} :P

[11:30] {strider} CAT?

[11:31] {RonS} dino, cue up ges; they report amc...

[11:31] {Threei} I think so stirder

[11:31] {Threei} withg market help of course

[11:32] {strider} thx

[11:36] {Les} cagc

[11:37] {strider} didn't take CAT.....having elec. service changed. Back in a ffew.

[11:37] {Threei} to what, steam?

[11:38] {strider} nuclear

[11:38] {Threei} progressive

[11:38] {Threei} me, I am a luddite

[11:38] {nemo} don't need to turn lights on at night...he'll glow

[11:38] {strider} back soon.

[11:40] {RonS} CLNE, c&h developing?

[11:41] {Threei} way too waide ranges for me

[11:41] {Threei} wide

[11:41] {nemo} coming into lunch too

[11:41] {Threei} if this is handle's bottom, then rim is 40 cents higher

[11:41] {jfjf64} aig

[11:42] {Threei} if I were to play such formation, I'd do it with aggressive entry only

[11:42] {Threei} AIG just does its daily routine spike

[11:42] {Threei} with news/rumor coming in 3 min

[11:42] {jfjf64} yup

[11:43] {nemo} always out of nowhere

[11:45] {Les} time for a drink, me thinks

[11:45] {nemo} fuqi short under .10?

[11:46] {nemo} hate this time of day for breaks

[11:48] {Threei} really can't tell nemo

[11:48] {nemo} it's breaking down, I just don't like it

[11:49] {Threei} short rather than long, but odds are not too good for a win in any direction

[11:49] {nemo} lvs coming in also

[11:49] {patience} happy birthday to you Dino :)

[11:51] {RonS} something for nemo to do: http://data.intrade.com/graphing/jsp/closingPricesForm.jsp?tradeURL=https://www.intrade.com&contractId=709242

[11:54] {dino} out cagc .16, +.39

[11:55] {Les} yeh out +.22

[11:55] {Les} when did you enter?

[11:55] {nemo} subtract .39 from .16 and look

[11:56] {Threei} that's ok if you didn't get the same entry Les - at least this time you traded in the same direction as dino {GGGGG}

[11:56] {Les} belt up nemo

[11:56] {nemo} rotfl

[11:56] {dino} .77 entry les

[11:56] {dino} gj

[11:57] {Les} yeh thank Vad {- heave sarcasm

[11:57] {Threei} don't even think of answering that Les, don't spoil it for me... I am going to chuckle about this for an hour

[11:57] {nemo} he's starting to spell like you...an he's an English major

[11:57] {Threei} not sarcasm...

[11:58] {Threei} that is what gooes for friendly humor in circles you get into when you converse with nemo

[11:58] {Les} huh

[11:58] {Les} it took three higher lows on CAGC before I figured it out

[11:58] {nemo} yeah, make me out to be the bad guy

[11:58] {Threei} and you know whart nemo - I don't even have to work all that hard

[11:59] {nemo} see les...sarcasm

[11:59] {Threei} you kind of fit naturally

[11:59] {nemo} :)

[11:59] {Threei} les... feel bettter? :)

06[11:59] * Threei is looking around in search of the next victim

[12:00] {jfjf64} pot

[12:00] {Threei} magoo is not here

[12:00] {Threei} nuclear boy is not here

[12:00] {jfjf64} short

[12:00] {Threei} loks right jf

[12:00] {nemo} speaking of nuclear boy

[12:01] {strider} that's nukulur to you.

[12:01] {Threei} he is on spare steam generator

[12:01] {nemo} squirrel and rubber band

[12:02] {jfjf64} 1/1

[12:02] {Threei} look to cover around here jf, or partial

[12:02] {nemo} yeah, nice jf...breakdown at lunch

[12:03] {Threei} very nice find

[12:03] {jfjf64} half out

[12:03] {jfjf64} stop.60

[12:03] {Les} looking for a suitable 3 stooges video Vad, can't find one...

[12:03] {Threei} sharp dive under .50's next, to cover more

[12:03] {nemo} aig available for shorting today

[12:04] {jfjf64} 125.11//125.15 gap fill

[12:04] {nemo} .16 break long aig?

[12:04] {Threei} why not

[12:04] {Threei} there you go POT

[12:05] {Threei} .15 big offer on AIG,

[12:05] {nemo} yep

[12:05] {Threei} risk is minimal

[12:05] {Threei} so...

[12:05] {jfjf64} i lv pot

[12:05] {Threei} jf, last portion is closer to .20

[12:05] {jfjf64} 1/4 out

[12:05] {Threei} and stop above .50 now

[12:06] {jfjf64} ty

[12:06] {Threei} 1:1 AIG

[12:06] {RonS} tick, tick, tick, tick, tick CLNE

[12:06] {jfjf64} done

[12:07] {Threei} beautiful play

[12:07] {Threei} you took it aggressively Ron?

[12:07] {jfjf64} ty sensi

[12:08] {RonS} no, I want a real time example of you intraday c&h. hope this is it. if it clears the rim it could explode w/ the shorts

[12:09] {Threei} Market Internals update at 12:00pmET

[12:09] {Threei} - NYSE volume 385M shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.

[12:09] {Threei} - NASDAQ volume 960M shares, about 2% above its three-month average; advancers lead decliners by 1.5:1.

[12:09] {Threei} - VIX index -5.75% to just over 16.50

[12:09] {Threei} VIX, mama mia

[12:09] {Threei} I think it goes for new all time low

[12:10] {RonS} ...went sub 10 during the last bull

[12:12] {fernp} VXX .40 break, vad?

[12:13] {Threei} chart is right...

[12:13] {Threei} how reliable it is, well

[12:13] {Threei} le me re-shape the question a bit

[12:13] {Threei} looking at SPY,

[12:13] {nemo} 1/2 out aig

[12:13] {Threei} do you feel like playing breakdown?

[12:14] {nemo} 1/4 more

[12:14] {Threei} WFMI Ticking lower as the WSJ reports that a pepper product carried by WFMI is among those being investigated by FDA for salmonella (17.43, +0.10, 0.58%) (related MKC PG SWY )

[12:14] {nemo} stop to .25

[12:14] {Threei} wtg

[12:15] {fernp} yeah, i will ignore VXX

[12:15] {nemo} stop to .27

[12:15] {nemo} orer at .28

[12:15] {nemo} bid

[12:16] {dino} fuqi, nwpx, vivo

[12:19] {nemo} stopped last aig

[12:20] {Threei} Short Setup: MOS .25

[12:21] {Threei} stop above .35 for scalpers

[12:21] {Threei} .40 for day traders

[12:22] {dino} nwpx sm l .00

[12:27] {Threei} 1:1 for scalpers

[12:27] {Threei} 1:1 for day traders

[12:28] {Threei} anyone is even trading still or it's just me and birthday boy??

[12:28] {jfjf64} comon sensi

[12:28] {Les} I'm in my own world thank you

[12:28] {strider} I"m in MOS from .26

[12:29] {Threei} oh, OK, nukular boy is here too

[12:29] {Threei} Les is, well...

[12:29] {dino} lol

[12:29] {Threei} just hopwe he didn't take MOS long

[12:29] {Les} oh now that's just rude

[12:29] {Threei} yesss

[12:30] {nemo} Yeah...he onl does that with Dino's calls

[12:30] {Threei} finally I reached nemo's mastery

[12:30] {nemo} ?

[12:30] {Threei} and became rude

[12:30] {Threei} thank you Les

[12:30] {strider} stopped .15, +.11

[12:30] {Les} yeh but Nemo has finesse

[12:30] {Threei} well, I am still practicing

[12:30] {Threei} but I am getting better

[12:30] {Les} he's like tarantino and violence

[12:31] {Les} it's slick, sophisticated. he's clearly been tutored in rudeness

[12:31] {Threei} see, I am trying to learn from the best

[12:31] {jfjf64} cover all .11 ty sensi

[12:31] {Threei} welcome sir

[12:31] {nemo} wow...I think it's a compliment

[12:32] {Threei} it sure is

[12:32] {Threei} being good at being bad - it's an art

[12:36] {jfjf64} .25 which was res before now support .10 break short looks goood to jf

[12:36] {dino} wow cagc

[12:36] {jfjf64} agree

[12:38] {Les} fuqi trying to go over 50 ma at .10

[12:40] {jfjf64} look pot filled gap

[12:55] {dino} rino gap fill

[12:57] {Les} long fuqi .12. stop 12

[13:00] {nemo} nice Les (that hurt:()

[13:00] {Les} won't hurt ya to be nice from time to time

[13:01] {Threei} good play

[13:01] {nemo} I save that for animals

[13:01] {nemo} Mmmmhhh...I guess you qualify then, Les

[13:01] {Threei} nah Les... he loses lustre

[13:02] {Les} seeing if 200 ma at .19 holds

[13:02] {Les} as support

[13:02] {Threei} you didn't exit any into that spike?

[13:02] {Les} no, 400 shares, want decent run

[13:03] {nemo} mmmhhh...first he fades Dino's trades, now he goes Magoo

[13:03] {Les} 1k and out at .25 would have been good hand to play.

[13:07] {Threei} look at SRS chart from 11/21/2008 to now

[13:07] {Threei} this is not something you see every lifetime

[13:09] {Les} we should be short and hold ultraETF's

[13:10] {Threei} well, we also should have bought everything possible one year ago

[13:10] {Les} once in our lifetime

[13:10] {Threei} nope

[13:10] {nemo} bought long dated calls on tck

[13:10] {Les} fingers crossed not

[13:10] {Threei} I heard the same in 1998-2000

[13:11] {Les} I bought TCK $3

[13:11] {Threei} and just decade later, I hear it again

[13:11] {Les} sold $3.50

[13:11] {Les} was proud o fmyself.

[13:11] {Les} &%ç**""*!

[13:11] {Threei} shrug

[13:12] {Les} oui oui

[13:12] {Les} c'est la vie

[13:12] {Threei} when you get access to time machine to get a WSJ issued one year later, you will be in position to take advantage of this kind of moves

[13:12] {nemo} firme le bouche

[13:12] {Les} tais toi

[13:12] {nemo} manga la....nevermind

[13:13] {Les} ta gueule

[13:13] {Threei} a year ago TCK for all you knew could just go bankrupt

[13:13] {RonS} french less, think more

[13:13] {Threei} tempus however fugit, don't they

[13:14] {Les} et c'est "ferme ta bouce"

[13:14] {Les} bouche

[13:14] {RonS} tck...cara had it covered...

[13:14] {nemo} ahhhh Ron Sen

[13:14] {Les} TGB was a favourite of mine. .60 at the bottom

[13:15] {Les} out FUQI flat. threatening b/d

[13:15] {nemo} looks like spy's ready to run again

[13:16] {nemo} it di the algo creap from .03

[13:17] {nemo} creep

[13:17] {nemo} di=did

[13:22] {Les} l fuqi .07 with 1k this time

[13:24] {nemo} AWIAV?

[13:24] {Threei} no... thinkking whether LVS worth a try

[13:24] {Threei} probably not

[13:25] {Les} incredible watching big offer vol. to force down stock, and chase it down in price

[13:27] {Les} fuqi foiled again. out +.01

[13:36] {Threei} oh boy...

[13:36] {Threei} grilled bear meat at isle 3

[13:37] {strider} GS is weak

[13:37] {Threei} Long Setup: FUQI .10 break

[13:38] {Threei} stop is so obvious, I won't insult your intelligence by calling it

[13:38] {Threei} but it's .05 for extrascalpers and 12 for sane traders

[13:41] {Les} already long .12, but it picks up some huge offers after rising 5 cents. not easy going

[13:41] {Threei} no

[13:41] {Threei} but stocks beaten that hard rarely are

[13:44] {Les} yeh. consolation is that there is huge buying offers at 12 for support

[13:44] {Threei} bids

[13:45] {Les} that too

[13:49] {dino} back in 30

[13:49] {dino} out nwpx fLAT

[13:49] {Threei} dino's picking up birthday cake

[13:49] {dino} flat

[13:56] {Les} aww mannn, you missed massive spike dino. out +.22

[13:59] {Threei} ok... party time FUQI

[14:00] {Threei} yes, I am talking to you, stock with strange and almost indecent symbol

[14:00] {Threei} move yor lazy butt

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

[14:00] {Threei} - NYSE volume 555M shares, about 10% below its three-month average; advancers lead decliners by 3.4:1.

[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.8:1.

[14:00] {Threei} - VIX index -6.5% to just over 16.50

[14:03] {Threei} those pesky superscalpers got their 1:1 btw, and then some

06[14:04] * Threei squints at fern

[14:04] {fernp} lol

[14:04] {fernp} but not in

06[14:04] * Threei squints at the spot where ese usually sits

[14:05] {fernp} didn't see any play on it

[14:05] {fernp} i was wrong :-)

[14:05] {Threei} neither did I but I had to show Les that he did it wrong before :)

[14:06] {fernp} lol

[14:06] {Threei} magoo is preparing surprise party for dino?

[14:10] {Les} Is there a crime victim compensation committee I can appeal to in Canada?

[14:10] {Threei} hmmm

[14:10] {Threei} not sure

[14:10] {nemo} somebody steal your common sense?

[14:11] {Threei} I guess it's usual court process

[14:11] {Threei} with seeking punitive damages

[14:11] {Les} I'm clearly a victim here

[14:11] {Threei} lol... les, give it to nemo, he recovered from a blunder before

[14:12] {Les} oh no, I'm pretending Nemo didn't say that

[14:12] {nemo} o.k. Alice

[14:13] {Threei} that's osrtich policy

[14:13] {Threei} works well only if you don't have concrete floors

[14:13] {Threei} also, trust me:

[14:13] {nemo} fcx break of .56 on volume?

[14:13] {nemo} stop is wide

[14:13] {Threei} years of attempts to deal with nemo by pretending I don't notice him proved it's not working

[14:14] {Threei} he has no problem waiting it out

[14:14] {Les} still, you don't need to encourage him

[14:14] {Threei} I don't need to but it's fun...

[14:14] {nemo} Les....................I don't need encouragement...trust me...........you give me all the motivation I need

[14:14] {Threei} and the worst part is: he is doing just fine with no slightest encouragment

[14:15] {larisa} I say no more than 10 min a day of Les sarcasm. new rule.

[14:15] {Les} haha

[14:15] {nemo} Crissakes, he would have to shut up by 8:15

[14:15] {Threei} ok... my quota for the day is filled then

[14:15] {Threei} FUQI 1:1

[14:15] {Les} that's alright Larisa, I do enjoy self-deprecation

[14:15] {Threei} wait

[14:16] {larisa} but I am getting tired :)

[14:16] {Les} oh

[14:16] {Les} sorry

[14:16] {Threei} larisa meant sarcasm BY Les or sarcasm ABOUT les?

[14:16] {larisa} about les

[14:16] {Threei} oh, OK

[14:16] {nemo} fine, we'll fawn all over him

[14:16] {Les} voilà Nemo, you heard the woman

[14:16] {Threei} anyone took FUQI?

[14:17] {Threei} flawless trade

[14:17] {nemo} look at fcx Vad

[14:17] {Les} half out +.08

[14:17] {Threei} why?

[14:17] {Threei} what do you see there?

[14:17] {dino} .

[14:17] {Threei} stop to under .10 les, if you are partialing

[14:17] {nemo} the resistance at .55, and it's due for a run

[14:17] {Les} moving averages

[14:17] {Les} fuqi has cleared both

[14:18] {Les} with great difficulty

[14:18] {Les} 50/200

[14:19] {Threei} nemo, only if market makes another, and sizeable, move

[14:19] {Threei} I a, not delighted by how FCX sits good 50 cents under day's high while market makes new ones

[14:19] {Threei} next exit for FUQI is about .35

[14:20] {Threei} and last one is .45

[14:21] {fernp} STI .40 break, Vad?

[14:21] {Les} ok ty

[14:21] {Threei} probably, with market making new high

[14:21] {fernp} ty

[14:22] {Les} ok all out.

[14:23] {Threei} why??

[14:23] {Threei} stop is practically breakeven

[14:23] {Threei} stock finally found firm footing

[14:23] {nemo} Vad, if fcx holds .42 in this pullback, that's the right side if IH&S

[14:23] {nemo} think FUQI would be a new break on consolidation and then move above .28

[14:24] {Threei} don't know about FCX...

[14:25] {Les} cause a bird in the hand is better than two in the bush

[14:25] {Les} any sign of weakness, I'm happy to offload

[14:27] {Threei} well, as a naturtal born scalper I would be the last to argue with that

[14:27] {Threei} but this case does deserve more room

[14:27] {Les} u r right, but after shaky start to day I wanted cash in hand.

[14:28] {Les} CAGC

[14:28] {RonS} jef is a good boy

[14:28] {Les} just happy to get dino's trades in order. two good scalps on NWPX & FUQI. me happy

[14:29] {dino} gj les

[14:29] {Threei} 1:2 FUQI

[14:35] {Threei} GR) EU's Barroso: Would not speculate for dates for possible Greek aid

[14:35] {Threei} - Reiterates once again that Greece has not requested aid

[14:36] {Threei} (US) Fed Chairman Bernanke: Fed is uniquely suited to supervise large financial institutions - Congressional testimony

[14:36] {Threei} - Federal Reserve's participation in the oversight of banks of all sizes significantly improves its ability to carry out its central banking functions.

[14:36] {Les} I remember when I decided to give up on business program at uni

[14:37] {Les} when I studied marketing. "how to BS people"

[14:37] {jfjf64} mos s .26

[14:37] {Les} stinks to high heaven, like this Euro trash talk

[14:40] {Les} Vad, MNKD

[14:40] {Les} these big vol. spikes into resistance

[14:40] {Les} wondering if its something I can fade

[14:40] {Threei} I don't see plays on it Les

[14:40] {Les} ok

[14:40] {RonS} gs rolling over

[14:41] {Threei} all moves it does come from the points which don't tell me anything

[14:44] {Les} vivo 20 b/d

[14:45] {Les} aapl read

[14:45] {Les} red

[14:47] {Threei} (US) Fed Chairman Bernake: Concerned about the Fed being limited in size of banks it regulates, wants oversight over smaller banks too (related XLF )

[14:47] {strider} Good, Les. Tomorrow, we'll move on to bananas and oranges.

[14:48] {Les} hmmm not bad, not bad

[14:48] {Threei} - Note that the Dodd Bill limits the Fed to regulating banks of $50B in assets and larger

[14:49] {Threei} I am not saying a word since larisa forbade me... but I am crawling on the floor

[14:49] {Les} hehehe. s MNKD .43

[14:49] {nemo} how do you type?

[14:49] {Threei} keyboard's with me

[14:51] {larisa} you guys are monkeys : http://www.wobshite.co.uk/b3ta/fighting.jpg

[14:52] {nemo} not sure I get the analogy

[14:52] {strider} I don't think it's an analogy, nemo.

[14:52] {Threei} looks about right

[14:52] {larisa} sorry nemo :)

[14:52] {nemo} comparison...fine...I'm looking for trades

[14:53] {nemo} I've got hair on my face, but it' gray, long, and I've got blue eyes. I don't need Depends yet.

[14:54] {larisa} but you are bullying the child

[14:54] {RonS} trannies lagging today

[14:54] {nemo} ?

[14:54] {nemo} see that Les think's you're a bloody Sheila

[14:55] {Les} http://www.zoochat.com/photo/orangutan-47482-m.jpg

[14:55] {Les} found nemo

[14:55] {Les} or is it finding nemo?

[14:55] {fernp} this room is degenerating

[14:56] {larisa} FCX what a trade on range breakdown missed.

[14:56] {Les} wow

[14:57] {Threei} for quite a while already fern... I'd say since inception

[14:57] {RonS} gs

[14:57] {Threei} told you I didn't like FCX as long

[14:57] {Les} how long this room been open?

[14:57] {nemo} crissakes nothing long woulda' worked

[14:57] {Threei} from 2000

[14:57] {Threei} lol nemo, true

[14:58] {larisa} range was .30-.55, could do both

[14:58] {Les} can imagine everyone screaming at Cara.com

[14:58] {Threei} yes larisa, but I had a solid reason to dislike it

[14:58] {nemo} frankly, cat is holding very well

[14:58] {Threei} much better, yes

[14:58] {Les} h & s cat?

[14:59] {Threei} 14:19] {Threei} I am not delighted by how FCX sits good 50 cents under day's high while market makes new ones

[14:59] {nemo} shoulda' faded it then

[15:02] {dino} cski lod

[15:02] {dino} back in 10

[15:02] {larisa} :)

[15:03] {jfjf64} mos breakin .10

[15:04] {jfjf64} cover half

[15:07] {Threei} new conference by Pelosi in 20 min

[15:07] {Threei} you guessed right what its about

[15:07] {Les} her resignation

[15:08] {Threei} you can only hope

[15:08] {nemo} I think there was a meeting of all women democratic reps today

[15:16] {fernp} Good evening everybody. See you all tomorrow

[15:16] {Threei} take care fern

[15:16] {Les} ciao

[15:17] {jfjf64} later fern

[15:18] {dino} cya

[15:19] {Threei} MOS breaking down

[15:19] {dino} pretty good market drop

[15:26] {dino} dsw lod

[15:26] {Les} fcx

[15:27] {dino} sm l .65

[15:28] {dino} fuqi l .00

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 755M shares, about 5% below its three-month average; advancers lead decliners by 2.1:1.

[15:31] {Threei} - NASDAQ volume 1.89B shares, about 7% above its three-month average; advancers lead decliners by 1.4:1.

[15:31] {Threei} - VIX index -5.5% to just under 17.00

[15:41] {Threei} if market recovers a tad more toward the end, bears torture will probably continue tomorrow again

[15:41] {nemo} op ex week

[15:41] {nemo} definitely

[15:41] {nemo} guess that means it won't

[15:44] {dino} hum dee dum

[15:47] {Threei} pelosi takes credit for 4000 points run in stock market

[15:47] {nemo} what a ......

[15:48] {RonS} her idiocy knows no bounds and is only topped by Babs Boxer

[15:49] {dino} she's something (I won't say what)

[15:49] {nemo} they all apply

[15:49] {Threei} keep your thoughts clean today dino, it's your birthday

[15:50] {dino} thoughts are on corn beef

[15:51] {Threei} Chief Exorsist says evil is everywhere,, including Vatican

[15:51] {dino} lol

[15:51] {RonS} ...here's a Black Bush (Bushmill's) to you, dino

[15:51] {Threei} I didn't even know there was such post :)

[15:52] {dino} thank you, have some guinness at home

[15:52] {dino} i want that job

[15:52] {RonS} ...i thought you were talking about pelosi again...:O

[15:53] {dino} chief exorsist

[15:54] {Threei} I was serious btw

[15:54] {Threei} that's who they showed on CNN

[15:56] {Threei} market recoeverdd to upper half of daily range

[15:56] {Threei} I have to say, this is not shaping well for bears

[15:56] {Threei} again

[15:57] {RonS} no bear wnats to press the bet. they cover and hide

[15:57] {dino} dsw stopped -.20

[15:57] {Threei} hope so for their sake

[15:57] {Threei} but that's not my impression

[15:57] {larisa} it is easy, bears need to convince Pelosi market needs to sell :)

[15:57] {Threei} I see a lot of "all oscillators say it's top, let's short"

[15:58] {Threei} lol

[15:58] {nemo} just get more overboughter

[15:58] {dino} you go first

[15:58] {Threei} exactly

[15:58] {Threei} larisa, tell me please

[15:58] {Threei} when oscilator, like stochastic for instance

[15:58] {Threei} goes into upper range, 8- and higher

[15:58] {Threei} and then p[rice stalls for a while instead of droppiong

[15:58] {Threei} what hppens to indication?

[15:59] {RonS} McClellan actually worked off its overbought...

[15:59] {nemo} looks like spy gonna' end the day right on vwap

[15:59] {dino} out fuqi -.06

[16:00] {larisa} oscillator will fall anyway most likely.

[16:00] {Threei} that's my experience and observation too

[16:00] {Threei} so consolidation liquidates overbought condition

[16:00] {RonS} cya all.

[16:00] {Threei} and price can continue higher again, becoming overrbought again

[16:01] {Threei} and overboghter still

[16:01] {Threei} so, all these references to indicators indicating overbought indications in the most indicative way...

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

[16:01] {Threei} hace a good evening, see you tomorrow

[16:02] {Les} ciao

Mar 16 2010

Not too many trades as we retreated into inactivity closer to FOMC time. Profits are steady though: one stop on RIMM, profitable trades on FCX, WATG, UAUA and a few discretionary ones. Swing entry from yesterday on VISN worked too.

Session Time: Tue Mar 16 00:00:00 2010

[08:03] {nemo} Hey Birdman

[08:05] {Raven} mornink

[08:12] {Threei} IVAN Receives exceptional log and core results from its first oil well on Block 20 in Pungarayacu, Ecuador (3.79, 0.00, 0.00%)

[08:17] {Threei} (US) Preview: Feb Housing Starts data due out at 8:30am ET

[08:17] {Threei} - Housing Starts: Consensus expectations are 570Ke; The prior number was 591K (analyst range of estimates 510K to 610K).

[08:17] {Threei} - Building Permits: Consensus expectations are 601Ke; The prior number was 622K (analyst range of estimates 550K to 635K)

[08:17] {Threei} US) Preview: Feb Import Price Index due out at 8:30am ET

[08:17] {Threei} - MoM: -0.2%e v 1.4% prior

[08:17] {Threei} - YoY: 11.3%e v 11.5% prior

[08:18] {Threei} NVS

[08:18] {Threei} Novartis AG Exploratory trial shows no incremental benefit of aliskiren add-on therapy in improving changes to cardiac shape in heart attack patients; will not pursue outcome trial

[08:30] {Threei} *(US) FEB IMPORT PRICE INDEX M/M: -0.3% V -0.2%E; Y/Y: 11.2% V 11.3%E

[08:30] {nemo} must have been good housing

[08:31] {Threei} hmmm

[08:31] {Threei} no housing

[08:31] {Threei} ahha

[08:31] {Threei} *(US) FEB HOUSING STARTS: 575K V 570KE; BUILDING PERMITS: 612K V 601KE

[08:32] {nemo} ahha

[08:40] {strider} out BSX +.12 from overnight

[08:41] {Threei} why not

[08:41] {strider} morning

[08:41] {strider} holding VISN from 5.11

[08:41] {Threei} hi :)

[08:41] {Threei} little regret about not taking IVAN overnight

[08:42] {Threei} had strong feeling about it

[08:42] {Threei} VISN, to me at least, is not a gap play

[08:42] {Threei} rather swing trade

[08:42] {strider} I agree.

[08:42] {Threei} meaning, I wouldn't dump it into smallish gap

[08:43] {strider} yeah. thx.

[08:43] {Threei} just manage risk according to YOUR specuifications, not mine :)

[08:43] {Les} sounds good. will look for an entry on VISN today

[08:43] {Les} afternoon all

[08:45] {strider} morning, les.

06[08:46] * nemo slaps Les around a bit with a large Tooheys

[08:47] {Threei} les :)

[08:47] {Les} bit early in the morning for that Nemo

[08:47] {nemo} not for you

[08:47] {Les} for you, anyway

[08:47] {nemo} I drink on GMT +1

[08:53] {Threei} US) Senator Corker (R): odds are very high that financial reform bill gets passed this year, but passing it out of committee within a few weeks is too rapid a pace

[08:53] {Threei} here comes better gain on VISN

[08:54] {Threei} - says he was a little taken aback by Senator Dodd deciding to go it alone with his own bill

[08:54] {Threei} hard to imagine more dysfunctional entity

[08:56] {nemo} the legislation is lobbyist lipstick on a pig

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:59] {dino} vad, fwiw, vxx issues, barclays has acknowledged that if the vxx drops below 25, it can execute a reverse 4 for 1 split

[08:59] {Threei} huh

[09:00] {Threei} that influences players intentions, doesn't it

[09:00] {Les} meaning they'd like to see the reverse split?

[09:00] {Threei} why 25... most of them did split when they were way below 10

[09:00] {dino} dk, just letting you know

[09:00] {Threei} ty

[09:01] {Threei} weirdos

[09:01] {dino} np

[09:01] {Threei} nemo, I have some numbers from Poland, want them?

[09:01] {nemo} ?

[09:02] {Threei} you seem to be really entertained by data from Poland

[09:02] {nemo} ?

[09:02] {Threei} thought maybe I'd make you laugh

[09:02] {nemo} ?

[09:02] {Threei} sheesh... stop ?ing me, you said not once that there was something funny about it

[09:03] {dino} fed day

[09:03] {nemo} now that's funny

[09:03] {Threei} ok, never mind... never again will you get from me any polish numbers

[09:03] {nemo} I'm devastated

[09:03] {Threei} there, that'll show you

[09:04] {Les} Oh Nemo just take the bloody Polish numbers and be greatful, ok!

[09:05] {nemo} frickin' gang up on nemo day..wtf

[09:05] {Threei} yeah, that's a big nivelty, eh?

[09:05] {Threei} on FOMC...

[09:06] {nemo} true, we'll likely be rather board this morning

[09:06] {Threei} rate doesn';t matter of course, everyone knows it won't be changed

[09:06] {Threei} language is major focus

[09:06] {Threei} and IMO, they'll be as restrained and vague as possible

[09:06] {Threei} there are times when they want to send certain message

[09:07] {dino} they will not raise them in 2010, that is my bet

[09:07] {Threei} today they will want to say as little as possible

[09:07] {dino} until umemployment gets under 7.5%

[09:08] {Threei} or inflation threat becomes so evident that uproar goes beyond what they can afford p;olitically

[09:10] {nemo} something's up look at gold this morning

[09:12] {Threei} MNKD Does not believe issues raised in FDA Complete Response letter will adversely affect Afrezza

[09:12] {Threei} - Still plans to launch Afrezza in 2011 (7.89, 0.00, 0.00%)

[09:13] {nemo} yep, gold running

[09:14] {Threei} - " As recommended by the FDA, we will request an End-of-Review meeting with the agency to discuss our approach for resolving the remaining issues. Prior to this regulatory action, our plan had been to follow the original NDA for AFREZZA with another regulatory submission for our next-generation inhaler rather than launch AFREZZA with the MedTone device. We intend to discuss with the FDA whether it is appropriate to address the agencys requests using what would otherwise have been a supplemental NDA submission. If this approach is acceptable, we believe that this regulatory action may not have a significant impact on the timing of the commercial launch of AFREZZA, which would not have occurred until at least 2011 in any event."

[09:14] {dino} sqnm, athn

[09:15] {jfjf64} mornin

[09:16] {Les} hey jf

[09:16] {Threei} jf :)

[09:16] {Threei} jf, look dcc pls

[09:16] {Threei} SQNM just can't catch a break

[09:16] {Threei} thing barely started recovering

[09:17] {jfjf64} dcc

[09:17] {Threei} private message

[09:17] {Threei} look for a button with my name on it

[09:17] {jfjf64} how please

[09:17] {Threei} click on it and read the message in there, type in there to answer

[09:17] {Threei} upper bar, where you see channel names

[09:18] {Threei} #floor, #discussions

[09:18] {Threei} Sequenom, Inc Reports Q4 -$0.30 v -$0.25e, R$10.8M v $9Me

[09:18] {Threei} - Gross margin 50.5% v 59.5% y/y

[09:18] {Threei} (US) Congressional Aid: Repoteldy US Senate to threaten penalities on China if it does not alter valuation for Yuan

[09:21] {Threei} - Reminder: Yesterday 130 members of the US House of Reps have requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April

[09:22] {dino} athn strange restates 3 years, misses rev and pops

[09:23] {Threei} AthenaHealth, Inc. Reports Q4 $0.17 v $0.17e, R$54.4M v $55Me

[09:23] {lasertrev} morning

[09:23] {Threei} imagine if they said they just found out they had no revenu for the last 10 years at all? stock would have been in 80s already

[09:23] {Threei} trev :)

[09:24] {Threei} QCOR FDA schedules advisory panel meeting on application to sell Acthar gel for treating infantile spasms (6.75, 0.00, 0.00%)

[09:25] {Threei} too bad volume is next to nil... daily is nice for a break of 7

[09:29] {dino} athn gap around 42

[09:31] {Les} MNKD defending 8 again

[09:31] {Threei} RIMM, looking for reversal

[09:31] {Threei} half lot

[09:31] {Threei} .40

[09:31] {Threei} stop under .30

[09:32] {Threei} no go

[09:32] {dino} dsw

[09:32] {nemo} aig momo

[09:33] {dino} cnx off of .50 may move upgraded

[09:33] {dino} nah, dropped

[09:33] {fernp} Good morning everybody

[09:33] {Threei} fern :)

[09:33] {Les} hi fern

[09:34] {fernp} Les :-)

[09:34] {Threei} ISTA FDA posts warning letter on misleading marketing materials for XIBROM

[09:34] {Threei} Division of Drug Marketing, Advertising, and Communications (DDMAC) has reviewed a professional sale... (3.85, +0.03, 0.79%) more...

[09:35] {dino} dsw interesting

[09:35] {dino} 25 area strike calling

[09:36] {Threei} Long Setup: CAT .60 half lot

[09:36] {dino} sm l .88 wide risky

[09:36] {Threei} if holding above .45

[09:37] {Threei} invalidated

[09:37] {nemo} FOMC day.yahoo

[09:37] {Threei} may turn into double bottom but let's give it a few to consolidate

[09:38] {Threei} so setup .40 - .50 would establish

[09:38] {Threei} valid now

[09:40] {Threei} and not

[09:40] {dino} out dsw .48, +.60 ty ron for yesterday heads up

[09:41] {Threei} RIMM rinse

[09:41] {RonS} yw

[09:42] {Threei} actually, unusually strong now

[09:42] {Threei} RIMM

[09:42] {Threei} CAT, should have faded hat .40 invalidation

[09:42] {dino} cfsg

[09:43] {Threei} ISTA is seriously weird

[09:44] {Threei} FDA warning letter, it goes up?

[09:45] {Threei} CAGC...

[09:45] {Threei} maybe your client dino

[09:47] {RonS} clf jumped on big vol

[09:47] {KSystems} boo

[09:47] {Threei} ks :)

[09:47] {dino} yuii sm l .65

[09:47] {Threei} WATG

[09:48] {Threei} momo candidate on 11 break

[09:48] {Threei} risky as trying to taake my morning bacon

[09:48] {dino} takeover rumors on friday, cagc

[09:50] {Threei} RIMM deep pullback

[09:52] {Threei} HOG Hearing takeover chatter

[09:52] {Threei} - Hearing unconfirmed chatter HOG has been approached by private equity groups

[09:52] {Threei} - KKR is rumoure... (26.82, +0.32, 1.21%) more...

[09:53] {magoo} morning

[09:53] {Threei} mags

[09:53] {Les} hi mags

[09:53] {Threei} Long Setup: RIMM .35 break half lot

[09:53] {Threei} if stays above .20

[09:54] {nemo} .20 is pivot support, depending on how it get's there...if it loses, might be worth a short

[09:55] {Les} BSX consolidating under 7

[09:55] {Threei} let's change to .30 break

[09:56] {Threei} invalidated

[09:58] {RonS} hog wild

[09:58] {strider} takeover chatter:HOG

[09:58] {Les} going Japanese, is it?

[09:58] {Threei} Long Setup: FCX 82 half lot

[09:59] {Threei} if stays above .85

[09:59] {Threei} hesitated to call RIMM again on .20 break...

[10:00] {Threei} (US) Obama Aide: US unemployment may remain elevated for some time

[10:00] {Threei} you don't say

[10:01] {Threei} - Reiterats 3% GDP growth and 4.3% for next two years

[10:01] {fernp} SBUX .20 break, Vad?

[10:01] {Threei} FCX 1:1

[10:02] {Threei} can do more I think

[10:02] {Threei} but let's control risk

[10:02] {Threei} half out .19

[10:02] {Threei} yes fern

[10:02] {strider} out +.23

[10:02] {Les} .22 for me ty

[10:02] {fernp} ty

[10:02] {Threei} offering second half .32

[10:03] {Threei} out

[10:04] {Threei} forget it fern

[10:04] {fernp} i did it

[10:04] {Threei} formed nice chart and fizzled out

[10:04] {dino} cagc sm l .51

[10:05] {fernp} watching MWW

[10:07] {Threei} BTIM Ticks higher after CNBC teases upcoming segment featuring the CEO (7.90, +2.10, 36.21%)

[10:07] {Threei} bagholders are lining up now

[10:07] {Les} wonder if my ugly mug on TV could change the fortunes of company i designate?

[10:08] {nemo} break the TV maybe...

[10:09] {dino} strl -5 in day and half

[10:10] {fernp} BRCM long, Vad?

[10:11] {nemo} fcx has that climber look

[10:11] {Threei} not sure fern...

[10:12] {Threei} looks right,

[10:12] {Threei} but most of them so far are fzzling out today

[10:12] {fernp} i see. ty

[10:12] {Threei} BTIM started its bagholder-making mission

[10:12] {Threei} works every time...

[10:13] {Threei} are you looking for pullback entry on it nemo?

[10:13] {nemo} would be on the trend line right now around .10

[10:16] {Les} MNKD doing its breakdown routine again

[10:17] {fernp} USB 26 break, Vad?

[10:18] {Threei} very much so

[10:19] {Threei} UAUA

[10:19] {Threei} this thing irritates me to no end, lol

[10:19] {jfjf64} grrrrrrr

[10:20] {Threei} USB, don't expect it to be fast but if triggers, can do nice move

[10:20] {Threei} UAUA, watch if pulls back into .20

[10:23] {Threei} let this USB pullback to show the support for a stop placement,

[10:24] {Threei} then if triggers, watch for matket help to decide, take scalp or let ir run

[10:24] {Threei} with market help, capable of 30-40 cents move

[10:24] {dino} clne spike

[10:24] {fernp} ok

[10:25] {jfjf64} ya dino 1 sec late to danceeeeeeeeeeeeeee

[10:25] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrr

[10:25] {jfjf64} luv that setup cup

[10:26] {dino} amsc getting tagged, 2 days -3+

[10:26] {Threei} AMSC Citron Research releases report

[10:26] {Threei} - feels AMSC has larger proportion of revenues in one customer (27.20, -0.94, -3.34%)

[10:27] {dino} "feels", is that the new politically correct way to state a fact

[10:27] {nemo} has been since the 70's

[10:27] {dino} lol

[10:28] {Les} don't kill the goose that lays the gold egg

[10:28] {Threei} Citron is a former stocklemon

[10:28] {Threei} shorting outfit

[10:28] {nemo} ha ha ha ha

[10:28] {nemo} Citron...lemon

[10:28] {Les} duh

[10:28] {dino} citron vodka

[10:29] {Threei} - Citron sees a separation between what its customer has ordered and what the customer is actually using

[10:29] {Threei} BRKR

[10:29] {Threei} near 52 week high

[10:31] {strider} out

[10:31] {strider} BRCM +.22

[10:31] {Threei} anyone here wants to buy a Puerto Rican Bank?

[10:31] {Threei} Reportedly the FDIC is seeking buyers for three Puerto Rican Banks (related BPOP )

[10:31] {Les} spanish required?

[10:31] {jfjf64} if we hd ya cash why not

[10:32] {magoo} id like to buy a puerto rican babe

[10:32] {strider} nemo and I can furnish the weapons.

[10:32] {Threei} UAUA

[10:32] {Threei} let' see if we get antry here

[10:32] {Threei} entry too

[10:32] {Threei} .25 break

[10:33] {Threei} if stays above .15

[10:34] {strider} long .25

[10:36] {magoo} yep

[10:41] {Threei} LLNW Hearing Jefferies comments that Akamai deal with Netflix is a negative for LLNW (timing uncertain) (3.83, -0.06, -1.54%)

[10:41] {Threei} Market Internals update at 10:30amET

[10:41] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; advancers lead decliners by 1.4:1.

[10:41] {Threei} - NASDAQ volume 480M shares, about 6% below its three-month average; decliners lead advancers by 1.1:1.

[10:41] {Threei} - VIX index -0.5% to just under 18.00

[10:43] {Threei} Intel Corp Strength attributed to positive analyst note from BoA/Merrill (timing uncertain)

[10:43] {Threei} - hearing Merrill speculates Intel could issue a positive pre-announcement

[10:43] {Les} cal/dal dropping

[10:47] {Threei} (EU) ECB's Strak: Recovery in the Eurozone remains on track but remains fragile; Timely exit plan from stimulus will be important

[10:47] {Threei} - Problems with Greece show that tougher fiscal rules are needed

[10:47] {Threei} - Crisis is not over, future set backs can not be written off

[10:47] {Threei} - Expects subdued infaltion for period of time, sees near term inflation levels at 1%

[10:47] {Threei} - Does not advocate boosting ECB inflation targets

[10:50] {Threei} FNGN IPO opens for trade at $15 (15.27, 0.00, 0.00%)

[10:50] {Threei} [FNGN] Financial Engines

[10:51] {nemo} MGM looks interesting

[10:52] {Threei} if you want to be stingy, trail UAUA to under .20

[10:53] {Threei} considering that we are moving closer to FOMC, probably makes sense

[10:53] {strider} short KLAC .74

[10:55] {Threei} (EU) EU's Monetary & Affairs Commissioner Rehn: Greece "not out of the woods" just yet;

[10:55] {Threei} - Unsustainable deficits must be prevented

[10:55] {Threei} *(GR) S&P AFFIRMS GREECE RATING

[10:56] {nemo} mgm long .87?

[10:56] {Threei} I am more of LVS fan...

[10:56] {nemo} no accounting for taste

[10:56] {Threei} *(GR) S&P TAKES GREECE RATINGS OFF WATCH NEGATIVE, AFFIRMS BBB+ RATING

[10:56] {dino} cfsg l .00

[10:57] {magoo} futes going

[10:57] {Threei} UAUA 1:1

[10:57] {Les} ty

[10:57] {Threei} yw

[10:57] {strider} out +.12

[10:58] {jfjf64} i forgot bout uaua ty

[10:58] {Threei} lol

[10:58] {Threei} see how stess-free my calls are?

[10:58] {magoo} this is true

[10:58] {Threei} you can frget you have open position, and still profit

[10:58] {nemo} may speak more to forgetfulness moth brain

[10:58] {magoo} i was watching aig thinking it was my uaua

[10:59] {Threei} of course nemo, but let us enjoy the moment

[10:59] {nemo} sure

[10:59] {strider} stop KLAC -.12

[10:59] {Threei} (US) Treasury Sec Geithner: No chance the US will lose its AAA rating; political will is needed to cut deficits

[11:01] {fernp} USB Vad

[11:01] {fernp} Valid?

[11:01] {Threei} chart wise, yes...

[11:01] {Threei} I am a bit concerned about its speed

[11:01] {fernp} ok

[11:01] {Threei} normally, slow one would be fine,

[11:01] {Threei} but we are going to lose activity very soon

[11:02] {Threei} with FOMC

[11:02] {Threei} so, I am a bit put off by possibility to get in, get stuck till FOMC because of its slowness, then be a subjkect of wild whipsaws

[11:03] {fernp} i understand

[11:03] {strider} when is FOMC?

[11:03] {Threei} 2:15

[11:17] {magoo} .

[11:20] {Threei} NKE Trades near session highs as CNBC report gives further confirmation that Tiger Woods will return to golf for The Masters in April (70.85, +0.46, 0.65%)

[11:24] {jfjf64} wonder if wife traveling with him

[11:25] {Les} hehehe

[11:30] {strider} out VISN .25, +.14

[11:30] {magoo} i heard he will have a multiple blonde women caddies

[11:31] {Les} db CAGC or death?

[11:31] {dino} sweet

[11:31] {Threei} death les

[11:31] {Threei} IMO

[11:31] {magoo} aig well off the high

[11:32] {Les} good. s CAGC .48

[11:32] {Threei} I think it's going lower mags

[11:32] {magoo} yea...surely can

[11:34] {Threei} 48 out of 54 economists say stimulus was positive for US economy

[11:34] {Threei} here comes CAGC

[11:34] {Threei} and AIG :)

[11:34] {Les} and out +.32

[11:35] {jfjf64} nice wk les

[11:35] {Les} if you can get it jf

[11:35] {dino} cagc stopped

[11:35] {Threei} ugh... sorry dino, didn't realize you were long

[11:36] {dino} not your fault

[11:36] {Threei} no, I'd just have wiped that smirk off my face

[11:36] {dino} np

[11:36] {Les} dino had me sweating when he went long, I was already short

[11:37] {Threei} and I missed both your posts so just expressed my take on the stock... ignorance IS blisss

[11:39] {Les} I didn't post it. don't want people following my tomfoolery

[11:39] {dino} well, dumb dumb that i am, had .30 on it

[11:40] {Les} the long was the right call at the time

[11:40] {dino} greed got me

[11:40] {Les} as CAGC failed to breach .75, I felt more comfortable

[11:41] {Les} wow

[11:41] {Les} CAGC

[11:42] {Les} the DSW long was masterful. I was caught wrong side of that

[11:43] {dino} cagc most likely to high 25s then bounce

[11:43] {Les} athn got my attention now short side

[11:43] {Les} too late

[11:45] {Threei} RIMM Hearing Canaccord Adams making cautious comments (timing uncertain)

[11:45] {Threei} - note: Canaccord has a Buy rating on RIMM (74.69, -0.85, -1.13%)

[11:46] {Threei} GAZ...

[11:47] {Threei} tempting short chart wise, hate volume

[11:48] {Threei} scanners capitulation wndow is fully occupied by CAGC, lol

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

[11:48] {Threei} well... that would be a play for market breakout

[11:49] {Threei} you feel like this is what is going to happen?

[11:49] {fernp} i feel nothing :-)

[11:49] {Threei} lay off that vodka, will ya :)

[11:49] {fernp} lol

[11:49] {fernp} i'll pass SDS

[11:50] {Threei} I think so...

[11:50] {Threei} I'd pass on breakout at this point

[11:50] {fernp} true

[11:50] {Threei} lol, now AIG joined CAGC in capitulation window

[11:51] {Threei} btw, forgot to ask, anyone went erlier for that momo break on WATG?

[11:51] {Les} n

[11:52] {Threei} gave nice spike after break, before fizzling out

[11:52] {Threei} BSX FDA staff issues executive summary on Expanded Indications for CRT-D based on MADIT-CRT Study

[11:52] {Threei} FDA

[11:52] {Threei} does not have any serious concerns regarding the design of the study. The sponsor

[11:52] {Threei} met with FDA during the design of the trial and incorporated FDA's feedback before

[11:52] {Threei} initiating the trial. Some modifications were made to the study protocol during the

[11:52] {Threei} study, but these changes were relatively minor in nature and did not affect the

[11:52] {Threei} primary safety or primary effectiveness outcomes.

[12:01] {Les} l cagc .64

[12:03] {Les} out .76

[12:04] {Les} vxx .45 break?

[12:04] {Les} betting on a b/d

[12:07] {Threei} I wouldn't

[12:07] {Les} ok

[12:09] {nemo} It's likely to get a tad hairy to play much of anything now

[12:10] {Les} I like it hairy

[12:10] {strider} too much information.

[12:10] {nemo} I ain't bitin'

[12:10] {Les} :O

[12:13] {Les} athn rinsed my short and then collapsed. SOB

[12:18] {nemo} sucks you can't short aig

[12:20] {magoo} looks like 33.50 area coming

[12:23] {fernp} FAZ .45 break? double bottom?

[12:23] {nemo} lunchtime FOMC break fern?

[12:24] {fernp} ty nemo

[12:24] {nemo} just a thought...

[12:25] {fernp} 5c stop... small shares... worth a try

[12:26] {nemo} if fas drips below .90, yeah

[12:28] {magoo} wfc may be bounce ready..not in

[12:30] {nemo} fas bounced right off that .90 support

[12:34] {Threei} careful guys... we are in a bery narrow range

[12:34] {magoo} bery"

[12:34] {Threei} this is Rinse Incorporated

[12:34] {nemo} or Roto-rooter

[12:34] {Threei} or that

[12:35] {Threei} Dendreon Corp Exec: Expects to be shipping commercial product in first half of 2011 (assuming FDA approves Provenge) - Roth conf

[12:35] {Threei} - Expects to be cash flow positive in 2011.

[12:35] {Threei} - Developing pipeline, will roll out new products every year between now and 2012.

[12:35] {Threei} - Reiterates looking to commercialize Provenge on its own, find international partners. Signing partners for distribution.

[12:35] {Threei} - Developing three manufacturing plants now.

[12:35] {Threei} ***Reminder: On 9/24/09 DNDN said it was still looking for an overseas partner, will sell the product itself in the US.

[12:35] {Les} fas demonstrating the principle perfectly

[12:35] {nemo} how so Les?

[12:35] {Les} the rinse. someone was long fas?

[12:35] {nemo} who?

[12:36] {Les} whatever. huge drop in last two bars on fas

[12:36] {nemo} you in faz fern?

[12:38] {fernp} yes

[12:38] {nemo} :)

[12:38] {fernp} .46

[12:38] {Threei} your 5 cents have arrived

[12:39] {fernp} i know you hate me :-)

[12:39] {Threei} why would I

[12:39] {nemo} not to be a (insert favorite perjorative noun here) why not short FAS?

[12:39] {Threei} I am all for 5 cets here and there... just gotta play serious shares to make it worthwhiel

[12:39] {nemo} you mean.......ese shares?

[12:40] {fernp} FAS stops too wide for me

[12:40] {Threei} wel... at least half ese, lol

[12:40] {fernp} I prefer FAZ

06[12:42] * nemo slaps Threei around a bit with a large trout

[12:42] {nemo} fas bounce/faz drop here?

[12:42] {Threei} why, oh why

[12:42] {nemo} because you can't in dcc

[12:43] {nemo} yo rinny!

[12:46] {Les} got luck on ATHN +.31

[12:48] {Les} mnkd threatening b/d. short. 87

[12:57] {Les} ITMN ready for b/d

[13:01] {nemo} fcx: can you say bear trap?

[13:02] {nemo} ?

[13:02] {Les} DSW wants up. is that a bull flag?

[13:03] {Threei} IMO{ you guys are trying to find a pattern where there is none

[13:03] {Threei} it's random noise right now

[13:04] {nemo} looked for can't be seen, listened for...

[13:04] {Threei} there is no method for this madness

[13:12] {Threei} Preview: FOMC rate decision due out around 14:15ET

[13:12] {Threei} ***The FOMC is expected to hold rates again today and will likely maintain its "extended period" language after making two significant adjustments since the last meeting. First, at the Jan 27 meeting, Kansas City Fed President Thomas Hoenig raised a dissent against the "extended period" language, stating that economic and financial conditions have improved enough that language was no longer warranted. Then on Feb 18, the Fed raised the Discount rate 25 bps to 0.75%, but couched it as a move toward "normalization" that does not reflect a change in policy outlook. Its likely the FOMC is allowing these changes to sink in and won't move again so soon, particularly as economic over the last six weeks has been tepid.

[13:13] {magoo} aig bouncer vad?

[13:13] {nemo} I wonder if they'll keep the comma, or go to a semi-colon?

[13:14] {Threei} mags, yes, but I doubt I can get a reliable read on it

[13:15] {Les} mnkd stopped

[13:22] {dino} throwing tbt tlt on scanner

[13:28] {Threei} AIG, wanna try and short .50 break?

[13:28] {Threei} or it's still unavailable?

[13:28] {Threei} yeah

[13:30] {Les} watching it. don't know if I can short it here

[13:30] {Les} I can

[13:33] {Threei} so do

[13:33] {Threei} fair setup

[13:33] {Threei} stop tight enough

[13:34] {Threei} Honda brake recall

[13:34] {dino} wx

[13:34] {Threei} Odyssey and Element

[13:34] {Threei} no acidents, customers complain about "feel of pedal"

[13:35] {Les} :)

[13:35] {dino} too fast wx

[13:35] {Les} don't like feel of this chat room. recall and refund an option?

[13:35] {Threei} me thinks younder customers complain too much

06[13:36] * nemo slaps Les around a bit with a large pick axe

[13:36] {dino} tired of all this "feel" talk from everybody

[13:36] {strider} well, dino--how does that make you feel?

[13:37] {strider} :)

[13:37] {nemo} can't read strider

[13:37] {dino} today, no feel, lol

[13:37] {nemo} I thought you said you were tired

06[13:37] * Threei puts Les in nearest Prius, chains him to the headrest, inserts 2x4 between driver's seat and gas pedal, saws brake pedal off...

[13:37] {dino} tired, yes, indeed

[13:37] {nemo} near the matterhorn Vad

[13:37] {Les} ouch. don't feel like that...

[13:37] {nemo} either that, or run him into Lake Geneva

[13:37] {Threei} how do you feel NOW?

[13:38] {Les} no feeling left

[13:38] {Les} I feel like a beer

06[13:38] * Threei shares beer with dino why both opbserve Les's Prius disappearing in the perspective

[13:38] {Threei} why = while

[13:39] {Les} oh and here I though you were getting philosophic

[13:39] {Threei} I am

[13:39] {Threei} beer is philosophy

[13:39] {nemo} Philosophy of mayhem

[13:39] {Threei} and proof of heavens loving us

[13:40] {dino} bye bye les (no les, no more)

[13:41] {Threei} now, since we are on the subject of feelings and philosophy:

[13:41] {Threei} 'Of what use is a philosopher who never hurts anyone's feelings?'

[13:41] {Threei} Diogenes the Cynic, 300 BC.

[13:42] {nemo} look what it got Socrates...a strong cup of tea

[13:42] {strider} Problems begin when people have their ideas wired to their pheelings.

[13:43] {nemo} No shit...my ex blamed her weight gain on me, go figure

[13:45] {strider} So, has she lost the weight, now that you're not around?

[13:45] {nemo} of course not...gotten heavier actually

[13:45] {strider} That's your fault , too.

[13:45] {nemo} Yeah, I'm not there

[13:47] {Threei} well, classic line on that must be my wife's, contemplatively, when talking about some unplesant event beyond human control: Somehow it must be your fault... no idea how but it just must be

[13:48] {strider} MannKind mentioned cautiously at Oppenheimer

[13:48] {strider} Oppenhimer believes MannKind's conference call raised more questions than answers and that a capital raise is imminent for the company. The firm estimates shares are worth $2 and keeps an Underperform rating on the name. :theflyonthewall.com

[13:48] {Les} thanks. scalping it on the way back down. owes me money

[13:53] {Les} out aig +.07. had to chase a little. watching if this bounce is prelude to another drop

[13:54] {Les} aig long?

[13:55] {Threei} why?

[13:55] {Les} big vol going long. thinking reversal and long at .50

[13:56] {Les} it just snapped. something changed

[13:56] {Threei} US) US Treasury Official: There are serious concerns over China's FX policy; will review Senate proposals

[13:56] {Threei} - highlights recent reserve builds and economic rebound as indications China should seek to continue the appreciation of its currency

[13:56] {Threei} - Note: Earlier Senators issued a proposal lamenting China's FX policies

[13:57] {jfjf64} you in this les

[13:58] {jfjf64} guessnot

[13:58] {magoo} took aig cross of 33.50

[13:58] {magoo} bam

[13:59] {magoo} only hl tho

[13:59] {magoo} out .08

[13:59] {jfjf64} hl

[13:59] {Les} yeh. saw it happening. too gutless to hit the buy button

[13:59] {jfjf64} half lot dirrrrrrrrr

[14:00] {magoo} thgats why half

[14:00] {jfjf64} didnt know your abbrev

[14:01] {jfjf64} look lk a superstar

[14:01] {jfjf64} lol

[14:01] {nemo} interesting volume on fcx db

[14:13] {nemo} guess the news got out

[14:13] {dino} unchanged

[14:14] {nemo} yep

[14:14] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:14] {Threei} - Vote 9-1; Hoenig dissents, feels language on extended period could cause imbalances

[14:14] {Threei} - Discount rate unchanged

[14:14] {Threei} - Labor market is stabilizing; employers are still showing reluctance to add to payrolls

[14:15] {Les} yay, blow us a new bubble

[14:16] {dino} strange, no reaction

[14:17] {nemo} ?

[14:17] {dino} typically we move 80-120 pts one way, then reverse

[14:17] {Threei} muted reaction

[14:20] {dino} bet, up 110

[14:22] {Threei} 70

[14:23] {Les} 48

[14:23] {fernp} 66

[14:23] {jfjf64} 52

[14:24] {nemo} hike

[14:24] {jfjf64} have no idea

[14:24] {jfjf64} 65

[14:26] {Threei} new version of ramming healthcare bill through is known as "self-executing rule"

[14:26] {Threei} gives me an idea...

[14:26] {Threei} can we have self-executing politicians?

[14:26] {Les} well they self-execute their salaries

[14:26] {Les} was that what you had in mind?

[14:27] {Threei} not even close

[14:29] {nemo} they should have automatic self-destruct mechanisms after 2 terms

[14:34] {dino} cfsg to .30

[14:35] {Threei} Intel Corp May not be offering a pre- announcement - CNBC citing sources

[14:35] {Threei} - Note: Earlier today chatter circulated that Intel could release a positive pre announcement of earnings soon

[14:35] {Threei} lol

[14:36] {Threei} Comparative analysis of current vs Jan 27 FOMC statements: maintains "extended period" language, vote again 9-1; minor revisions on labor market; adds that it will use policy tools as needed

[14:36] {Threei} - the economy statement reiterates that "economic activity has continued to strengthen' but mildly revises the outlook for jobs stating "the labor market is stabilizing" (revised from "the deterioration in the labor market is abating"). Another minor revision is a nod toward the commercial real estate market, with the new statement noting "investment in nonresidential structures is declining (adding the word 'nonresidential'). Reiterates that household spending is expanding at a moderate rate but remains constrained, but adds a note that "high unemployment" (revised from "a weak labor market") is one constraint. The statement still sees business activity picking up in some sectors and reiterates "employers remain reluctant to add to payrolls." Reiterates that " the pace of economic recovery is likely to be moderate for a time."

[14:36] {Threei} The inflation statement is unaltered: "With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be subdued for some time."

[14:36] {Threei} Reiterates expectation for "exceptionally low levels of the federal funds rate for an extended period" due to subdued inflation trends and low rates of resource utilization. On securites purchasing programs, the FOMC now states that "The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability" (revised from " will continue to evaluate its purchases of securities in light of the evolving economic outlook and conditions in financial markets). The statement does not alter timing on the wind down of existing liquidity programs, noting "The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close on June 30 ."

[14:36] {dino} wow reverse slip out .34 cfsg, +.34

[14:40] {Threei} CAT

[14:41] {Threei} never mind, late

[14:42] {jfjf64} comon what ya tryin to do to us

[14:42] {jfjf64} lol

[14:42] {Les} aig back below .50

[14:43] {Threei} .25 if holding .20, CAT

[14:43] {Threei} Long Setup: CAT .25 if stays above .20

[14:43] {dino} cagc 25s

[14:45] {nemo} .20 recross?

[14:45] {nemo} damn

[14:56] {Les} dsw coming back down

[14:56] {dino} watching it

[14:57] {Threei} double bottom scenario worked on it nemo

[14:57] {dino} cagc l .10

[14:57] {nemo} yeah, I was writing as it tripped .20

[14:57] {nemo} spy started up just before it

[14:59] {Threei} (US) House of Rep Tax and Trade Panel Chmn Levin: May extend the 2009 estate tax policy, may be retroactive (related TLT SHY )

[15:00] {dino} out .32 ave cagc, +.22

[15:01] {dino} back in 10

[15:01] {nemo} back in cagc at 10?

[15:02] {dino} no

[15:02] {Threei} lol

[15:02] {dino} i have to leave for 10

[15:02] {nemo} :)

[15:02] {fernp} lol

[15:06] {magoo} LVS vad

[15:06] {magoo} LVS vsd

[15:07] {fernp} Good evening everybody. See you all tomorrow

[15:07] {magoo} c u fern

[15:07] {fernp} take care mags

[15:09] {jfjf64} good day all

[15:10] {magoo} bye jf

[15:12] {Les} aig selloff

[15:12] {Threei} take care fern jf

[15:12] {Les} bye all

[15:12] {Les} that are leaving now

[15:12] {Threei} mags, my take on LVS

[15:12] {magoo} sheesh, bunch of slackers vad

[15:12] {Threei} leave it be for today, let it consolidate cloe to high

[15:12] {nemo} wynn up over a buck since I mentioned it this morning

[15:12] {Threei} look at daily

[15:13] {Threei} this is perfect for TGOMORROW's breakout

[15:13] {magoo} mgm too boss

[15:13] {Threei} today, coin toss

[15:13] {Threei} yes, will follow, but LVS is better play

[15:15] {magoo} well..thats why we pay u...and not magoo

[15:16] {nemo} Always talk about yourself in the 3rd person?

[15:16] {magoo} magoo almost never does that

[15:16] {nemo} Ahhh, evil-twin syndrome

[15:17] {magoo} crazy climber today vad was GE

[15:17] {magoo} wells high

[15:17] {dino} darn, i leave and dsw goes

[15:17] {dino} cagc 25.80s

[15:22] {magoo} ok, i have apptmt..c u morrow

[15:22] {Threei} slacker!

[15:22] {magoo} :)

[15:23] {dino} strike action happening imo

[15:24] {dino} amsc, dsw, snda, cagc, 5s 0s

[15:27] {Les} sorry dino, could you elaborate please?

[15:28] {nemo} stock prices on op ex week tend to move to where the greatest percentage of options will expire worthless

[15:28] {Les} ah. max pain

[15:28] {nemo} no...that's you

[15:29] {Les} ok. that was funny

[15:29] {Threei} lol

[15:29] {Threei} it was

[15:29] {Les} don't encourage him vad

[15:29] {nemo} yeah, sorry...someone sticks there chin out like that...can't help myself

[15:29] {Threei} also, pleasant - I am happy to yiled that title to someone else

[15:30] {Threei} I have to Les... sense of humor is one thing I can't help but credit

[15:31] {Les} still. that is what "max pain" is, isn't it?

[15:31] {nemo} yes

[15:32] {dino} what nemo said, plus 5s and 0s seem to be magnets

[15:32] {Les} right

[15:39] {dino} cagc lod

[15:40] {Threei} see how LVS struggles here?

[15:40] {Threei} but creates such a perfect base for tomorrow's break

[15:47] {strider} trev, dcc..

[15:52] {dino} snda 40s

[15:59] {Threei} ok guys, thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {nemo} cya

[15:59] {Les} u too. thanks

[15:59] {dino} thx all, slow day, but profitable

[16:00] {Les} it was a good day.

[16:01] {dino} glad to hear that les

[16:01] {dino} for tomorrow, ancc, cfsg, dsw, sam, snda, strl, cagc, jst

Mar 15 2010

Strong profitable day, with just one stop, a few easy scalps and two bigger plays, short WFC in the morning for 1:5 risk/reward and long CAT later in the day for 1:4. And of course, AIG for momo traders, as always. Today starts 6th week with no single losing day.

Session Time: Mon Mar 15 00:00:00 2010

[08:15] {nemo} good morning (that hurt)

[08:32] {Threei} *(US) MAR EMPIRE MANUFACTURING: 22.9 V 22.00E

[08:35] {Threei} good morning

[08:36] {Threei} what happened on MRNA a few min ago?

[08:36] {Threei} ahha

[08:36] {Threei} MRNA Demonstrates the Potential for Greater Efficacy in Cancer With an UsiRNA Combination Approach (1.04, 0.00, 0.00%) (related AZN )

[08:37] {Threei} Euro vs US Dollar Dealers noting that TICS data might get more attention today than usual

[08:37] {Threei} - The Dec TIC data saw China Total holdings of US Treasuries decline by over $34B m/m to $755.4B (from v $789.6B prior ) and was the lowest holding for China since Feb 2009

[08:37] {Threei} - Japan Total Holdings of US Treasuries rose to $768.8B from $757.3B prior- month

[08:37] {Threei} *** Insight: Dec data saw Japanese holdings overtake Mainland China as largest holders of UST's for first time since Sept 2008**

[08:37] {Threei} ***Reminder: Over the weekend Chinese Premier Wen: commented that US must take "concrete steps to reassure investors" about the safety of the dollar and Treasury bond holdings

[08:44] {Threei} US) Preview: Jan TIC Flow data due at 09:00ET (13:00 GMT)

[08:44] {Threei} - Dec Net Long-term TIC Flows: $47.5Be v $63.3B prior

[08:44] {Threei} - Total Net TIC flows: No est v $60.9B prior

[08:58] {Threei} *(US) JAN NET LONG TERM TIC FLOWS: $19.1B V $47.5BE; TOTAL NET TIC FLOWS: $ V $60.9B PRIOR

[08:59] {Threei} TOTAL NET TIC FLOWS: -$33.4B V $60.9B PRIOR'

[08:59] {Threei} wow

[09:00] {Threei} - Foreign net purchases of US Treasuries (notes & bonds) $82.2B v $128.9B prior

[09:07] {Threei} you'd think this data should have some significant impact of market, no?

[09:07] {dino} gm all

[09:08] {Threei} dino :)

[09:08] {nemo} dino :)

[09:08] {nemo} You swim to work?

[09:08] {Threei} (US) Preview: Feb Industrial Production and Capacity Utilization due out at 09:15ET

[09:08] {Threei} **consensus expectations:

[09:08] {Threei} - Industrial Production: 0.0%e v 0.9% prior (estimates range between -0.7% to +0.5%).

[09:08] {Threei} - Capacity Utilization: 72.5%e v 72.6% prior.

[09:08] {Threei} **note: Jan Capacity Utilization hit its highest level since Dec 2008.

[09:08] {dino} lol nemo, but raining again

[09:09] {nemo} It's been POURING since saturday morning here

[09:09] {dino} started friday night here, but a lot better than snow

[09:10] {nemo} yeah, woulda' been 3-5 feet of snow

[09:11] {dino} and since we just had 3', glad it's rain

[09:15] {Threei} *(US) FEB INDUSTRIAL PRODUCTION: 0.1% V 0.0%E, CAPACITY UTILIZATION: 72.7% V 72.5%E

[09:21] {larisa} gm all :)

[09:22] {Threei} larisa :)

[09:22] {nemo} lari :)

[09:22] {larisa} vad, nemo :)

06[09:22] * nemo slaps lasertrev around a bit with a large trout

[09:22] {lasertrev} morning

[09:23] {Threei} trev :)

[09:23] {dino} bsx, stj

[09:23] {lasertrev} nemo, vad :)

[09:24] {Threei} I think fern and les forgot about time change

[09:24] {nemo} did we tell them?

[09:24] {Threei} no

[09:24] {Threei} I forgot myself

[09:25] {Threei} noticed something wrong on Sunday

[09:25] {nemo} clock setting on computer versus home?

[09:26] {Threei} TV

[09:26] {fernp} Good morning everybody

[09:26] {Threei} fern :)

[09:26] {nemo} speak of the Diablo

[09:27] {nemo} now where's Beelzebub?

[09:27] {Threei} drinking with Azazel

[09:27] {nemo} magoo ever watch that movie?

[09:28] {Threei} no idea

[09:29] {nemo} news amln vad?

[09:30] {nemo} Happy Birthday Dino

[09:30] {Threei} Amylin Pharmaceuticals Inc Lilly, Amylin and Alkermes receive Complete Response Letter from FDA for Exenatide once weekly submission

[09:30] {Threei} - The FDA has issued a complete response letter regarding the New Drug Application (NDA) for BYDUREON(exenatide for extended-release injectable suspension).

[09:30] {Threei} - In the complete response letter there are no requests for new pre-clinical or clinical trials

[09:30] {dino} thanks, but it's wednesday

[09:30] {nemo} I might not remember then :)

[09:30] {dino} good point

[09:30] {Threei} lol

[09:31] {Threei} Short Setup: WFC .50 break if stays under .55

[09:31] {Threei} .54 if stays under .60

[09:33] {jfjf64} mornin

[09:33] {Threei} jf :)

[09:34] {Threei} 1:1, half out

[09:35] {Threei} stop to .58

[09:35] {Threei} 1:2, 1/4 more

[09:37] {dino} cov wfc .35, +.14 ty vad

[09:37] {Threei} stop to b/e

[09:37] {Threei} yw

[09:37] {Threei} cover as you see fit

[09:37] {Threei} 1:4

[09:38] {Threei} 1:5, out

[09:39] {jfjf64} ty

[09:39] {Threei} :)

[09:39] {Threei} wow, just in time

[09:39] {Threei} look aat this spike

[09:39] {Threei} 06:42 OCLR Auriga Initiates OCLR with Buy, price target: $3

[09:40] {dino} rino 25 strike, thougt so last week

[09:40] {Threei} watching EBAY for long

[09:40] {jfjf64} mdt

[09:41] {jfjf64} .56

[09:41] {dino} darn bsx wanted retest

[09:42] {Threei} SVNT Resubmits Biologics License Application For KRYSTEXXA(TM) (Pegloticase) For The Treatment Of Chronic Gout In Patients Refractory To Conventional Therapy (15.00, +0.10, 0.67%)

[09:43] {Threei} Boston Scientific Corp Reportedly weakness being attributed to coverage of longer term data regarding stents/Bernstein note on suspension of ICD sales (timing uncertain)

[09:43] {Threei} *note: ICD is a - implantable cardioverter defibrillators

[09:43] {Threei} - We have called the company for comment. Stock -20% in the premarket on light volume

[09:43] {Threei} - suspension reportedly due to error in FDA filing

[09:43] {Threei} *note: Firm reported 15% of sales rev in 2009 from ICDs (approx $8.2B)

[09:45] {dino} fsys 35 strike

[09:46] {Threei} Long Setup: VXX .90 break

[09:46] {Threei} if stays above .85

[09:47] {dino} nav sm l .52

[09:49] {dino} tm mid 77s

[09:54] {dino} nav stopped -.26

[09:58] {Threei} EBAY salmon

[10:03] {fernp} VRSN, Vad? valid breakout?

[10:03] {Threei} I believe so

[10:03] {Threei} salmonish look

[10:03] {fernp} ok

[10:03] {Threei} .95 long

[10:03] {Threei} EBAY climb with no pullbacks now

[10:04] {fernp} took .40 break on ebay ty Vad +.10

[10:04] {Threei} :)

[10:05] {dino} gj fern

[10:07] {fernp} ty

[10:11] {Threei} YONG...

[10:11] {Threei} thin one

[10:12] {Threei} 9 break looks like potential momo launch

[10:12] {Threei} Yongye International, Inc Reports Q4 adj -$0.03 v -$0.06 y/y, R$10.1M v $9.2M y/y

[10:12] {Threei} - From 2010 to 2012, Yongye expects to achieve at least a 50% annual growth rate in revenue through geographic expansion into new markets, increased penetration in existing markets, additional marketing and brand-building efforts, and expanded production capacity.

[10:12] {Threei} - By the end of 2010, the Company plans to expand its total number of branded stores to more than 20,000.

[10:12] {Threei} - During 2010, the Company also expects to build a new manufacturing facility nearby, which is expected to be capable of extracting humic acid from coal and producing 20,000 tons per year of the Company's liquid plant product and 10,000 tons per year of its powder animal product

[10:14] {Threei} look at daily

[10:16] {Threei} who went for it, half out into spike after .10 break

[10:19] {dino} yuii gap fill

[10:20] {dino} jcg sm l .70

[10:21] {nemo} rim

[10:22] {Threei} CECO Update: Price Target raised to $48 from $30 at UBS, maintains Buy rating (30.98, +0.29, 0.94%)

[10:23] {Threei} here comes YONG

[10:24] {Threei} half out .13

[10:24] {dino} gj

[10:24] {Les} yikes, we already trading?

[10:24] {Threei} offer 1/4 .23 and last piece .36

[10:24] {Les} morning :)

[10:24] {nemo} you're an hour late Les

[10:24] {Threei} lol... told ya, Les has no idea bout time change

[10:25] {Les} ya gotta be shi&&in me

06[10:25] * nemo slaps Les around a bit with a large daylight savings time alarm clock

[10:25] {dino} roflol

[10:25] {nemo} hit the deck soldier

[10:25] {Les} ok. that means we're changing next sunday

[10:25] {Threei} second target hit YONG

[10:26] {magoo} hi folks (thats a new one)

[10:26] {Threei} hey mags

[10:26] {Threei} missed momo play

[10:26] {magoo} drat

[10:26] {magoo} yong?

[10:26] {Threei} (US) 130 members of the US House of Reps have reportedly requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April

[10:26] {Threei} - claim the currency intervention

[10:26] {Threei} yes

[10:27] {Threei} and nice and easy WFC short in the morning for 1:5

[10:27] {Threei} and one 6 cents stop

[10:28] {Threei} (US) 130 members of the US House of Reps have reportedly requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April

[10:28] {Threei} - claim the currency intervention is a subsidy

[10:28] {Threei} - Note: on 2/25 15 US Senators requested the Commerce Dept investigate whether the China currency pratices should be considered an 'illegal subsidy' ; and suggested the Commerce dept implement duties

[10:28] {Threei} - Note: The last report in Oct stated that China's currency wass undervalued, and had serious concerns on CNY rate

[10:28] {Threei} while all they say is right, did they stop and think through the implications?

[10:29] {nemo} morons...they better be careful what they wish for...or they're just looking for a reason to slap tariffs on things

[10:30] {Les} c'mon, we knew this was coming

[10:32] {Les} UPS looking for a b/d

[10:32] {Threei} jf, you were interested in MDT

[10:32] {Threei} Medtronic Inc Study shows JNJ's cypher stent shows fewer adverse events than Endeavor

[10:32] {Threei} - BSX"s stent appears to be as effective as its prior model

[10:32] {Threei} - MDT has disputed the findings of the "Sort Out 3" study

[10:33] {jfjf64} ty

[10:34] {Threei} frikin VXX rinsed us

[10:35] {Threei} worked like charm after shaking us out

[10:35] {nemo} how does a charm work?

[10:35] {strider} magic

[10:35] {Les} that's the big spike down before 10 am is it?

[10:36] {Threei} no

[10:36] {Threei} our entry was .90 break, 9:48

[10:36] {Les} ah ok, pullback

[10:37] {dino} sm l cnx .75

[10:37] {Les} there you go. benefits of being late

[10:37] {Les} what's the score?

[10:37] {Threei} not in your favor

[10:37] {Les} hehe. vxx riding 50ma nicely as support

[10:37] {dino} strl blood

[10:38] {Threei} [10:26] {Threei} missed momo play

[10:38] {Threei} [10:27] {Threei} and nice and easy WFC short in the morning for 1:5

[10:38] {Threei} [10:27] {Threei} and one 6 cents stop

[10:38] {Les} cool

[10:40] {magoo} 1:5 ??? u never get that lol...what u call a .02 cent stop he he

[10:41] {Threei} 5 :)

[10:41] {magoo} as i run for slapfest cover

[10:41] {Threei} advantage of aggressive entry

[10:41] {Threei} no slap for you

[10:41] {Threei} {--- slap nazi

[10:42] {Threei} on discretionary front, EBAY was a win, VRSN was a dun

[10:42] {Threei} AONE Hearing Wedbush making cautious comments (timing uncertain) (15.56, -0.62, -3.83%)

[10:42] {Threei} ok YONG, last spike p[lease

[10:43] {gen} gm all

[10:43] {Threei} gen :)

[10:43] {Les} hi gen

[10:44] {gen} :)

[10:44] {Threei} hearing Wedbush comments that AONE may lose a large contract from Chrysler

[10:44] {Threei} could they tell us in the morning?

[10:47] {nemo} big volume spike aig

[10:48] {larisa} i wish i knew RIMM will go to 75 in the morning :)

[10:48] {Threei} ugh... was contemplating CAT short for a while

[10:48] {Threei} larisa, you didn't??

[10:49] {larisa} no and nobody told me

[10:49] {Threei} sorry... I thought you knew...

[10:49] {larisa} so my 76.70 short is wasted :)

[10:49] {Les} wasn't on the memo

[10:51] {Threei} nemo, this is for you:

[10:51] {Threei} (CZ) Poland Central Bank's Zielinska-Glebocka: No need to tighten Poland interest rates at this time (related USD/PLN EUR/PLN CE4FX )

[10:51] {Threei} for some reason anything having to do with Poland makes him laugh... not judging his sense of himor, just pandering to it

[10:53] {Threei} CAT, bounce into 59 should be shortable

[10:53] {Threei} watching for something structured

[11:03] {fernp} RGC 17 break, Vad? valid?

[11:05] {Threei} most likely

[11:05] {fernp} .95 stop?

[11:05] {Threei} yes

[11:05] {fernp} ty

[11:05] {Threei} this market drop is a good test

[11:08] {Threei} frikin CAT

[11:08] {Threei} right idea, can't find entry

[11:08] {nemo} x sgirt breaj if ,60?

[11:08] {Threei} wow

[11:08] {Threei} I see keyboard I sent you is in good hands

[11:09] {nemo} ty

[11:09] {Threei} and yes

[11:09] {nemo} sorry, frickin' bunny on the desk

[11:09] {larisa} life bunny or it is your cat name? :)

[11:10] {Threei} MNKD Hearing Hapoalim Securities reiterates Sell rating and $1 price target (timing uncertain) (9.40, -1.08, -10.31%)

[11:10] {Threei} wow

[11:10] {Threei} 1?

[11:10] {dino} ouch

[11:11] {Les} that sounds like a scalp

[11:11] {dino} $1 dollar target

[11:11] {dino} sure it's not $10

[11:12] {nemo} 1/2 out x

[11:12] {Threei} good one

[11:13] {Les} is the market selling with volume?

[11:14] {Threei} not really

[11:14] {Threei} Market Internals update at 10:30amET

[11:14] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; decliners lead advancers by 2.1:1.

[11:14] {Threei} - NASDAQ volume 425M shares, about 15% below its three-month average; decliners lead advancers by 1.6:1.

[11:14] {Threei} - VIX index +5.5% to just over 18.50

[11:14] {Les} out +.24 CAT ty

[11:14] {nemo} 1/4 more

[11:15] {nemo} stop to .55

[11:15] {Les} but got greedy and stupid on YONG, so got a hole to fill now

[11:16] {Les} YONG's fall from grace is impressive

[11:17] {Threei} gosh... why would you even touch it when were were 3/4 out and looked for exit on the last part

[11:17] {Les} see above adjectives

[11:17] {nemo} you forget to whom you are speaking

[11:17] {Threei} X 1:3

[11:17] {Threei} nice

[11:17] {nemo} still holding

[11:18] {nemo} stop to .40

[11:18] {nemo} or....am I pulling a Les here

[11:18] {Threei} CAT 50 cednts down from missed entry

[11:18] {Threei} not nice

[11:18] {nemo} out X

[11:18] {dino} bsx interesting

[11:19] {Threei} BSX fresh news

[11:19] {Threei} Boston Scientific Corp PERSEUS Trial Results Demonstrate Positive Safety and Efficacy Outcomes for Platinum Chromium TAXUS(R) Element(TM) Stent System

[11:19] {Threei} - 12-month results from its PERSEUS clinical program that demonstrated positive safety and efficacy outcomes in workhorse lesions for the platinum chromium TAXUSElementPaclitaxel-Eluting Stent System compared to the TAXUSExpress2Paclitaxel-Eluting Stent System. The results also reported a similar safety profile and statistically superior efficacy outcomes in small vessels for the TAXUS Element Stent compared to a historical control group of patients receiving the Expressbare-metal stent.

[11:19] {Threei} VISN Susquehanna Raised VISN to Net Neutral from Net Negative (timing uncertain)

[11:20] {jfjf64} vad you hear anythin about new trader tax

[11:20] {Threei} not in the last 6 months or so

[11:20] {dino} cnbc on it today earlier

[11:21] {Threei} what did they say?

[11:22] {jfjf64} not worth my worry till happens

[11:22] {Threei} no

[11:22] {dino} bsx l .44

[11:22] {jfjf64} tenth of percent on all transctions

[11:23] {jfjf64} 100000 trade 100

[11:23] {magoo} on both in and out?

[11:23] {jfjf64} all in and out

[11:24] {nemo} both sides

[11:24] {jfjf64} tryin to put us on wellfare line

[11:24] {jfjf64} yes both sides

[11:24] {magoo} so if u took 1k rimm @ 75=75,000...in/out 150,000 = 150 bux tax?

[11:24] {nemo} yep

[11:24] {dino} yes

[11:25] {Threei} I don't believe it will happen, and it it will - not in Canada

[11:25] {jfjf64} yup

[11:25] {Threei} so Toronto will become new financial hub

[11:25] {Threei} and Laser already has TSX capability

[11:25] {magoo} would we / US guys be able to trade toronto?

[11:25] {Threei} why not

[11:25] {Threei} you can even now

[11:25] {dino} i don't think theywill pass it, but these guys are nuts

[11:26] {Threei} you just don't want to

[11:26] {Threei} but if all the volume moves over, it will be very different story

[11:27] {nemo} it'll crush HFT, and if that's as big a portion of trading as they say, their revenue estimates go poof!!!

[11:28] {Threei} I can hear this backroom discussion of the biggest HFT players and major US brokerages with canadian ministry of finance

[11:28] {nemo} tell Trev to make sure we're ready to trade Toronto

[11:29] {Threei} "so, we will need 100,000sq ft of climate-controlled premises to place or server farm"...

[11:29] {Threei} or = our

[11:33] {magoo} as a tax, would it be taken immediately like ecn fees OR we owe it at tax time?

[11:33] {nemo} immediately...that's one of the nice attributes from the feds point of view

[11:34] {jfjf64} trade option market

[11:34] {nemo} they'll be taxed also

[11:34] {Threei} CAT

[11:34] {Threei} watching for reversal

[11:34] {Threei} pullback closer to .50

[11:35] {nemo} inverted H&S

[11:35] {Threei} yes

[11:35] {dino} not sure on options, think its just stock

[11:35] {nemo} no...all transactions including futures

[11:35] {Threei} artbitrary entry guy

[11:35] {Threei} no exact signal

[11:36] {Threei} watch SPY

[11:36] {dino} won't pass, they will destroy america's leadership

[11:36] {Threei} try to synchronize with it

[11:36] {magoo} futes falling here a lil'

[11:36] {magoo} in .53'

[11:36] {magoo} hl and may add

[11:37] {Threei} closest support .45

[11:38] {Threei} will prettty much depend on the market behavor of course, but with slightest help can do about 30-40 cents from here

[11:38] {magoo} anyone with me?

[11:38] {fernp} .60 break is valid, Vad?

[11:39] {Threei} yes... I like aggressive entry better though

[11:40] {Les} ok. in .61

[11:40] {Threei} exit half into .70

[11:40] {Threei} I am mags

[11:40] {Threei} .54, you beat me by 1 cent

[11:40] {larisa} has to break .70 to break downtrend

[11:41] {Les} you had a good read. I saw SPY threatening b/d

[11:41] {Threei} yes... that's why I want to dump half near that resistance, likely to hesitate there

[11:41] {larisa} next time you tell me you are trend traders I will respectfully disagree :)

[11:41] {Threei} why, we do take reversals if we get readable setup

[11:41] {Threei} double whatever, H&S

[11:42] {larisa} 58.40 bottom I liked

[11:42] {magoo} added @ .58

[11:42] {Threei} I didn't have any setup there

[11:43] {larisa} it was not your setup, nice divergence though

[11:43] {Threei} half out .67 for me

[11:44] {magoo} im ltting it ride

[11:45] {Threei} stop to .49 for the balance

[11:45] {magoo} u have 1k?

[11:49] {Threei} ugh... ignored VISN .90 break, didn't believe in it

[11:50] {Threei} offering 1/4 CAT .78 and 1/4 .85

[11:50] {Les} MNKD

[11:51] {magoo} is it avail short les?

[11:52] {Les} y

[11:52] {magoo} sh .98

[11:53] {magoo} thinking .67

[11:53] {magoo} could rot

[11:54] {Les} wow

[11:54] {magoo} yea

[11:54] {magoo} looked great..then green bar

[11:55] {magoo} out .85

[11:55] {magoo} want my dough

[11:55] {Les} you're a savvier trader than me

[11:55] {nemo} lunchtime

[11:57] {Threei} here kitty kitty kitty

[11:57] {jfjf64} nice

[11:57] {jfjf64} tk it easy vad

[11:58] {Threei} I always do

[11:58] {Les} BSX

[11:58] {Threei} 1/4 more out .78

[11:58] {Threei} +.24

[12:01] {Threei} market loses ground

[12:01] {magoo} i wish i knew your size? was it 1k?

[12:01] {Threei} let's get stingy and trail CAT to under .70

[12:02] {Threei} why does it matter mags???

[12:02] {RonS} dino, check out RL

[12:02] {Threei} we have different accounts, objectives and risk tolerance, how does mine help you?

[12:02] {magoo} because half out of 500 shares is only 25 bux

[12:02] {Les} half out bsx +.05. ese would like this stock

[12:03] {magoo} because im trying to become u

[12:03] {Threei} sorry mags, there is a limit to what I am comfortable placing up for all the world to see

[12:04] {nemo} send him a DNA sample and Jeff Goldblum's address

[12:04] {larisa} vad thinks all World watching him.. modest :)

[12:04] {dino} hmm rl

[12:04] {Threei} this is frikin internet

[12:04] {nemo} yeah, and Big Brother is always watching

[12:05] {Raven} right

[12:05] {Threei} anyone who is comfortable to anounce on Internet how much they make - be my guest

[12:05] {RonS} say what you wish Vad, no more...

[12:05] {nemo} no Les

[12:05] {Les} http://motherjones.com/politics/2010/03/police-twitter-riots-social-media-activists

[12:06] {Threei} I believe putting this log out for years with all my trades to see, I far exceed what majority of traders would do

[12:06] {magoo} well, heres the problem..if it a half and thats it, not reaklly do that well when subtract commission...BUT, if hes doing 2k 5k doing GREAT

[12:06] {RonS} agree...

[12:06] {magoo} and we are trading with him, so..need to knopw

[12:06] {Threei} so pick the size according to your circumstances mags

[12:06] {RonS} no need. do your own math.

[12:07] {Threei} exactly

[12:07] {nemo} spelling?

[12:07] {Threei} sorry

[12:07] {Threei} eqzaktly

[12:07] {magoo} again, for risk control, if i want to have a similar day as u, when are u big and when are u small

[12:07] {Threei} I alert when it's a half lot play

[12:08] {magoo} makes sense if im trying to control risk and let u guide me to profits

[12:08] {magoo} humbly submitted

[12:09] {Threei} that was 8 cents risk play with your entry

[12:09] {Threei} just calculate how much you are willing to lose

[12:09] {Threei} and get your position sizing from that

[12:09] {magoo} ok, ill drop it :)

[12:09] {Threei} last portion .85 is about to get hit

[12:10] {Threei} stop to under .80

[12:10] {Threei} out

[12:10] {Threei} +.31

[12:10] {Les} nice

[12:11] {Threei} [11:38] {Threei} will prettty much depend on the market behavor of course, but with slightest help can do about 30-40 cents from here

[12:11] {Threei} all help it needed was not to make new lows as it turns out

[12:12] {dino} gj

[12:12] {Threei} ty

[12:13] {jfjf64} weeks done see ya next monday ty

[12:13] {Threei} say what?

[12:13] {Les} ah bon?

[12:13] {magoo} HUH?

[12:13] {Threei} just how much of CAT did YOU buy, lol

[12:13] {magoo} DONT TELL HIMMMMMM

[12:13] {magoo} he he

[12:14] {Threei} rofl

[12:14] {jfjf64} wfc cat x

[12:14] {Threei} 40 cents btw

[12:14] {magoo} still in cat

[12:14] {jfjf64} lol

[12:14] {magoo} ave .55

[12:14] {Threei} late arrivals who biught .60, get out

[12:15] {Les} sigh. had no faith. sold for a scalp. :s

[12:15] {magoo} [11:44] {magoo} im ltting it ride

[12:15] {Les} MNKD

[12:15] {Threei} there is a russian parabale called Foma the non-believer

[12:15] {magoo} waiting .04

[12:15] {Threei} from now on it's my name for Les

[12:16] {nemo} lumpen woul work too

[12:16] {jfjf64} FTN-B

[12:16] {Threei} lol

06[12:16] * Threei slaps jfjf64 around a bit with a large book The Fine Art of Abbreviation

[12:17] {magoo} out 59

[12:17] {magoo} + .45

[12:17] {magoo} ty vad

[12:17] {Threei} welcome

[12:17] {Threei} happy now?

[12:17] {jfjf64} 3ITY

[12:18] {Threei} JFYW

[12:18] {jfjf64} ???

[12:18] {RonS} 3IJF,JC

[12:18] {Threei} lol

[12:19] {Threei} I give up... jc?

[12:19] {RonS} jesus christ!

[12:19] {Threei} lol

[12:19] {jfjf64} lol

[12:19] {Threei} that was "jf, you welcome", jf

[12:20] {dino} what is going on?

[12:20] {RonS} get it, trying to end it...:)

[12:20] {Threei} it's all jf's fault dino

[12:21] {Threei} his passion to abbreviate things is unbridled and contagious

[12:21] {magoo} SIGH..noone ever hands out the fish anymore

[12:21] {dino} figures, he's been rtouble for years

[12:21] {Threei} rtouble - RT trouble?

[12:22] {dino} lol typo

[12:22] {Threei} see, you got it too now

[12:23] {Threei} guys, I don't have clean structure fior VISN,

[12:23] {Threei} but it's acandidate for swing trade

[12:23] {Les} you wanna short it?

[12:23] {Threei} no

[12:23] {Les} ok. it's at the bottom

[12:24] {Les} sorry, pulled out the time frame

[12:30] {dino} jst

[12:30] {RonS} opinons, RINO?

[12:32] {dino} i like it on pullback, .75ish

[12:32] {dino} trades in clunks

[12:33] {magoo} l small GS .20

[12:34] {dino} jst odd, big beat

[12:36] {dino} sm l .30

[12:41] {magoo} gonna try and leGS run

[12:41] {magoo} not telling u how many shares

[12:41] {Threei} we know, 15K

[12:42] {Threei} you wouldn't play it with more than half lot

[12:42] {magoo} then i would be partying rest of week with jf lol

[12:42] {dino} lol

[12:42] {RonS} oxymoron = WMT is momo

[12:43] {magoo} my gs stop is .96

[12:44] {magoo} needs to hold 171

[12:44] {dino} jst stop is .99 fwiw

[12:46] {magoo} in it .29 w/u dino

[12:46] {magoo} thats why it fell

[12:46] {dino} thx

[12:49] {dino} bsx to ,55 mkt dropping

[12:50] {dino} jcg to b/e

[12:51] {dino} out bsx +.11

[12:52] {dino} outb jcg +.02

[12:52] {magoo} l amln .76 just now

[12:56] {magoo} thinking 23.11 area

[12:57] {magoo} stop under fitty

[12:57] {magoo} could easily go .29 area

[12:58] {magoo} hey vad u here?

[12:59] {magoo} allz right with the world...hes now ignoring me

[13:00] {Threei} thought you'd enjoy that :)

[13:00] {magoo} prefer a fish

[13:00] {Threei} US) MAR NAHB HOUSING MARKET INDEX: 15 V 17E

[13:00] {magoo} u stingy with those

[13:00] {Threei} yes

[13:00] {Threei} fish nazi

[13:00] {dino} rl re-test

[13:01] {Threei} - NAHB Economist:"The inventory of new homes on the market is at an extremely low level, and

[13:01] {Threei} we do expect a 25% improvement in new-home construction in 2010 over 2009 to

[13:01] {Threei} rebuild inventory and meet expected pent-up demand,"

[13:01] {Threei} hmmm

[13:01] {Threei} that's bold forecast

[13:02] {magoo} AMLN

[13:02] {magoo} gonna go

[13:02] {Threei} hey, guess who is on TV, explaining you how you need new health care bill

[13:02] {magoo} BAM

[13:02] {Threei} you wat 23 break mags?

[13:03] {magoo} [12:52] {magoo} l amln .76 just now

[13:03] {Threei} oh

[13:03] {Threei} sorry

[13:03] {magoo} [12:57] {magoo} could easily go .29 area

[13:03] {Threei} I was too busy ignoring you

[13:03] {magoo} i know

[13:04] {magoo} and what hurts is u told room to ignore me too

[13:04] {Threei} nope

[13:04] {Threei} if they do, they came to this decision on their own {G}

[13:05] {Threei} lol, this exchange reminded me how much I missed you while you were on sabbatical

[13:06] {magoo} well...i'm BACK BABY

[13:06] {Threei} good... it was very hard to ignore you while you were not here

[13:06] {Threei} and I don't like this unneeded hardship

[13:09] {magoo} getting RICH AMLN

[13:12] {magoo} [13:03] {magoo} [12:57] {magoo} could easily go .29 area

[13:13] {jfjf64} magoo ya gettin better then 3i with calls

[13:14] {magoo} always was HE HE

[13:14] {magoo} running for cover

[13:15] {Threei} oh good

[13:15] {Threei} my retirement time came

[13:15] {fernp} .90 break JPM, Vad?

[13:15] {Threei} I'll drop by in 8 years to see how you guys are doing

[13:16] {Threei} watch GS fern

[13:16] {magoo} should print .40 area

[13:16] {Threei} if it move up and slices through .50, JPM has a good chance

[13:16] {fernp} ok. ty

[13:16] {magoo} amln i mean

[13:17] {KSystems} hey

[13:17] {Threei} ks :)

[13:18] {magoo} out .46 here

[13:19] {magoo} + .70

[13:19] {Threei} wtg

[13:19] {RonS} gila monster move. gj

[13:21] {magoo} amln vad is picking pace up

[13:25] {Threei} too far for a play now

[13:25] {Threei} I have to say, I like market today much beter than what we had last week

[13:25] {Threei} drop, then slow recovery - much more room for plays than that gap, quick upward move and stall

[13:27] {jfjf64} you keep liking it 3ity

[13:31] {dino} bsx l .65

[13:34] {Threei} listening to politicians speeches, I think I have a phrase I hate the most:

[13:34] {magoo} be back in a few

[13:34] {Threei} "right thing to do"

[13:37] {fernp} 1:1 JPM ty Vad

[13:37] {Threei} :)

[13:38] {Threei} XNPT Hearing Wedbush making positive comments on prospects for FDA meeting (8.78, +0.30, 3.54%)

[13:39] {Threei} how does Wedbush know?

[13:40] {larisa} WEDBUSH is a private equity and investment firm that provides capital and management assistance to talented entrepreneurs and executives

[13:40] {larisa} you are not talented enough :)

[13:40] {Threei} certainly

[13:41] {Threei} - Hearing Wedbush believes XNPT could get a panel date 'sooner rather than later'

[13:41] {Threei} - reminder: on 3/2, a boutique firm made similar comments, stating that Xenoport is 'very close' to being granted an FDA Advisory panel to review the benefit/risk ratio of XP-512 in the RLS setting and could get final confirmation any day.

[13:43] {Threei} my non-talented guess would be, Wedbush stuck with XNPT at much higher prices, got caught in that gap and tries desperately tp move it, to unload into spikes

[13:43] {Threei} but that's from a non-talented, so...

[13:44] {dino} out bsx .75, +.10

[13:45] {larisa} they help Cramer i bet. Cramer said AMLN is short last week at 19.

[13:45] {Threei} lol

[13:45] {Threei} that's talented

[13:49] {larisa} I like how trendlines work, AMLN broke uptrend at .80 then touched it from downside at .90, then tanked.

[13:49] {Threei} very visual

[13:50] {larisa} and indicators divirged starting at 13:25, agressive warning top is near

[13:51] {Threei} which ones?

[13:51] {larisa} they are secret ones :) not telling all world

[13:52] {larisa} just a joke. I use SMIs, slow and fast

[13:55] {Threei} SMI?

[13:55] {fernp} SMI?

[13:55] {larisa} but most oscillator type indicators will show divergence

[13:56] {larisa} Stochastic Momentum index

[13:56] {Threei} is it different from stochastic?

[13:56] {RonS} larisa slaps a big jf trout...

[13:58] {nemo} mmmhhh, we might end positive today, this is a very low volume pullback

[13:58] {larisa} interpretation is the same vad, formula is different

[13:58] {Threei} got it

[13:59] {Threei} it's a nice one for a reversal

[13:59] {Threei} in trend it tends to fail

[14:00] {larisa} like any oscillator. But I do not use it as overbought/oversold. I like to watch divergence

[14:01] {Les} MNKD

[14:01] {RonS} ...saw somewhere that China has a 10.8% increase in electricity useage last month. With there inflation they will need to raise rates. This should pressure stocks...

[14:01] {RonS} has= has...there= their. sorry

[14:02] {Les} ENL 101 is down the hall to the right Ron

[14:02] {RonS} has=had...just call me Vad

[14:04] {jfjf64} thought there was no drinking in room vad

[14:04] {Threei} not officially

[14:04] {nemo} at your desk jf

[14:05] {Les} lol really jf?

[14:05] {Les} I better quit now

[14:05] {jfjf64} make money hv fun gotta luv it

[14:06] {Threei} US Senator Dodd formally releases proposal for financial reform bill

[14:06] {Threei} - creates an independent consumer agency within the Federal Reserve; restrains Fed from ability to bail out companies

[14:06] {Threei} - requires hedge funds registration for funds with over $100M in assets

[14:06] {Threei} - bill sees clearing house for swaps to be traded on exchange

[14:06] {Threei} - includes regulation for credit agencies

[14:06] {Threei} - contains limits on proprietary trading and provisions on 'too big to fail' as suggested by the Volcker rule (liquidation of firms would require approval of 3 bankruptcy judges within 24 hours)

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

[14:07] {Threei} - NYSE volume 495M shares, about 20% below its three-month average; decliners lead advancers by 2.8:1.

[14:07] {Threei} - NASDAQ volume 1.26B shares, about 7% below its three-month average; decliners lead advancers by 1.8:1.

[14:07] {Threei} - VIX index +4.5% to just below 18.50

[14:17] {nemo} AWIAV?

[14:17] {Threei} NWANIA

[14:18] {nemo} WAWIA?

[14:19] {nemo} clf break of .65 toolate

[14:21] {larisa} whats with AIG

[14:22] {Threei} no news yet

[14:22] {nemo} and mags isn't here

[14:23] {nemo} you take 34.90 vad?

[14:23] {Threei} no, blinked

[14:23] {Threei} AIG Holder Bruce Berkowitz (13M shares) affirms faith in the company (35.65, +1.42, 4.15%)

[14:23] {Les} unbelievable. missed a .01 break

[14:23] {Threei} huh?

[14:23] {nemo} of course he does, he has to unload those

[14:24] {nemo} clf DB here?

[14:24] {Threei} no seriously.. that's all?

[14:24] {Les} haha that's not the news is it?

[14:24] {dino} yuii partial at .81 l

[14:24] {Threei} .60 break makes sense, nemo

[14:25] {Threei} 'still a good company'

[14:25] {Threei} - Note: Berkowitz had highlighted support for Citigroup last week in an interview with Fortune

[14:25] {nemo} invalimudated

[14:26] {nemo} that's Cramer's former partner I think

[14:30] {nemo} dino, shorting aig here?

[14:31] {nemo} answers that

[14:31] {larisa} lol

[14:31] {larisa} too jumpy now

[14:32] {nemo} mmhh..it's running into a trend and support line here I put in some time ago

[14:33] {magoo} back

[14:33] {nemo} missed aig momo

[14:33] {Threei} mised all the fun

[14:34] {Les} MNKD respecting the 50 ma nicely. waiting for a reversal

[14:34] {magoo} do u have that statement auto programmed to a keystroke :)

[14:34] {Threei} lol

[14:34] {Les} no just type faswt

[14:34] {Threei} BSX Disloseshave no indication that the manufacturing process changes pose any risk to patient safety, and we are not recommending explantation of the devices - filing (6.76, -1.02, -13.11%)

[14:35] {Les} oh, vad's statement

[14:35] {magoo} out Gs btw @ 171.96...was out there waiting earlier

[14:35] {magoo} +.76

[14:35] {Les} sweet

[14:36] {nemo} like aig short here?

[14:36] {Threei} no

[14:37] {nemo} here?

[14:38] {Les} gotcha. AIG +.14

[14:39] {Threei} non-shiortable here

[14:39] {nemo} NM

[14:41] {RonS} dino/others...for the a.m., DSW reports bmo. hit 52 week high today. has 25% of float short, 4 mil shares as of last report...

[14:45] {magoo} GS launching

[14:46] {dino} thx ron

[14:47] {magoo} so is futes

[14:51] {magoo} sheessh AIG rammed 3 points

[14:59] {Threei} jf, look dcc

[15:01] {dino} back in 10

[15:02] {Les} nemo dcc

[15:03] {Les} MKND might be read for reversal

[15:03] {Les} MNKD

[15:06] {Threei} joke of the day, if not year... president saying "I don't know about p;olitics"

[15:06] {Les} who? Jimmy Carter?

[15:06] {Threei} no

[15:06] {Threei} today's one

[15:07] {magoo} wanna laugh? i forgot to change office wall clock...just realized its 3 pm not 2 pm

[15:07] {Threei} lol

[15:07] {magoo} no kidding

[15:08] {fernp} lol

[15:09] {Threei} EU) ECB's Trichet: Euro is not in danger, ECB should not be complacent and has no official position on the idea for a European style IMF

[15:09] {Threei} - it is wrong to adjust the definition of price stability

[15:15] {Threei} Boston Scientific Corp BoA/Merrill Lynch analysts discuss ICD developments

[15:15] {Threei} - Issue does not appear to involve patient safety issues.

[15:15] {Threei} - BSX has not yet determined financial impact of the ICD hold.

[15:15] {Threei} - BoA/Merrill does not yet know what the manufacturing change was.

[15:15] {Threei} - BSX reiterates they brought the change to the attention of the FDA, not vice versa.

[15:15] {Threei} - BSX does not know when hold will be lifted.

[15:15] {Threei} - Would be six to eight months before BSX incurred any trouble with debt covenants with all ICD sales halted.

[15:16] {Threei} C Reports Feb Master Trust: Net Charge offs 11.29% v 9.8% m/m

[15:17] {nemo} wow, spy looks like it wants to close the gap

[15:18] {dino} and along came a spider

[15:20] {Les} mnkd at 8

[15:21] {magoo} im tired, Les or Nemo, u wanna ask vad my traditional 3 pm ?

[15:21] {Threei} no they don't

[15:22] {nemo} he's been on sabbatical and he's tired?

[15:22] {dino} poor guy

[15:22] {magoo} yea..its like exercise..i stopped and now i get tired faster

[15:23] {Threei} jf, you here?

[15:23] {nemo} I guess pullbacks are now where we basically trade flat for the day

[15:24] {Les} traditional 3pm?

[15:25] {magoo} yea..u know..."vad, atre we in anything?"

[15:25] {Threei} well, 35 break AIG, half lot

[15:25] {Threei} stop about .85

[15:26] {Threei} for gamblers mostly

[15:26] {Les} don't like it. I'm have fun gambling with MNKD.

[15:27] {Threei} 1:1

[15:27] {Les} having said that, yours is doing nicely and I'm in perdition

[15:30] {Les} oh look at that. SPY doing its thing again

[15:31] {nemo} DOW positive

[15:32] {Threei} press conference on runaway Prius

[15:33] {Les} driver is going to be a millionaire, or arrested?

[15:33] {larisa} can you make a call going 94mph on freeway among other cars? i can not :)

[15:33] {Threei} lucky if not arrested IMO

[15:33] {Threei} story stunk from the get go

[15:34] {magoo} i actually did, when wife was pregnant

[15:34] {magoo} reushing her to hospital, her mom called

06[15:34] * larisa slaps magoo around a bit with a large trout

[15:35] {magoo} YESSSSSSSS

[15:36] {Threei} (US) House budget panel takes first step in process of passing Obama Administration's healthcare overhaul package (related IYH )

[15:38] {dino} yuii stop to .91

[15:39] {nemo} going for the positive close

[15:45] {nemo} one strong market

[15:49] {Les} out flat for the day. digging out of hole focuses my trading

[15:49] {Les} no if I could only cease digging holes

[15:49] {Les} now

[15:50] {Threei} I am yet to understand why you do that

[15:50] {dino} out yuii .92, +.11

[15:50] {Threei} the very consistency with wich you do it shows the reason is easy to isolate

[15:50] {Les} yes

[15:50] {Threei} once you do, simply stop doing what causes that

[15:51] {Les} chasing the "quick buck", it's always the chasing that burns me

[15:51] {magoo} what causes it LES?

[15:51] {nemo} genetic disposition

[15:52] {Les} dunno whether to laugh or cry nemo

[15:52] {Les} :/

[15:52] {magoo} everything is so SO top secret since my sabathethical

[15:53] {Les} well I do recall Vad mentioning that no Grey Goose was delivered to his doorstep...

[15:53] {Les} in your name

[15:54] {dino} out jst ave +.12

[15:56] {Threei} VISN slow climb

[15:57] {magoo} ty all

[15:57] {Les} ciao

[15:57] {nemo} gnite

[15:58] {Les} and remember the bottle...

[15:58] {Threei} DRIV Reportedly McAfee spokesperson says it is not testing Digital River's outsourced e-commerce solution in the U.S., refuting an earlier report (update) (30.65, -0.49, -1.57%) (related MFE )

[16:00] {Threei} thank you aall

[16:00] {Threei} have a good evenng

[16:00] {Threei} see you tomorrow

[16:00] {Les} u too

[16:00] {larisa} bye all

[16:01] {fernp} good evening everybody. see u all tomorrow