Mar 22 2010

Sloooow day with very few but profitable trades. VPHM, CAT, LVS were the stars of the days. If for some odd reason you are interested to see my longer term (beyond next 5 minutes that is) market outlook, go to 12:26

Session Time: Mon Mar 22 00:00:00 2010

[07:54] {ese} back from Italy........am up and on the board

[07:59] {ese} body still running on european time

[08:16] {Threei} welcome back ese

[08:16] {Threei} how was the trip?

[08:22] {ese} hey vad....fabulous

[08:22] {Threei} great to hear

[08:22] {Threei} (CH) China's Premier Wen: China opposes both "trade wars" and "currency wars" - Chinese state TV

[08:22] {Threei} - Comments that foreign countries should not start a trade war.

[08:22] {Threei} - China does not deliberately pursure trade surpluses.

[08:22] {Threei} - China will look to increase imports.

[08:22] {ese} loved rome and lflorence and the food was spectscular

[08:23] {ese} big dn day today looks like

[08:24] {Threei} EU) EU's Almunia: Should not open the door on discussions about countries leaving the Euro Zone

[08:25] {Threei} well, we had another big run,

[08:25] {Threei} then red Friday,

[08:25] {Threei} now health care bill pass over weekend adds to market unease

[08:27] {ese} hmmmmmm

[08:40] {Threei} GR) Greek Deputy PM: Germany allows its banks to speculate against Greece

[08:41] {Threei} why shouldn't they, and why should Germany intrude in this

[08:43] {ese} good question........

[08:44] {Threei} one curous thing happend ese, don't thing I've ever seen this before

[08:44] {ese} I don't totally understand how the eu and the euro work but maybe they have a right to because they are all on the same curency

[08:44] {Threei} PALM got target 0

[08:44] {ese} huh!!

[08:44] {Threei} yup :)

[08:45] {ese} the stock is tanking for sure........

[08:45] {ese} whats up.......they just can't compete

[08:46] {Threei} that's the gist of it

[08:47] {ese} just looking at that ....canacord ...sell rating...target 0....hmmmm how bout that....i've never seent that either

[08:47] {ese} bold statement

[08:47] {Threei} yeah

[08:47] {Threei} take a look at one of the plays in it on Fri

[08:47] {Threei} http://caracommunity.com/sites/default/files/PALM_short_scalp_type_I.jpg

[08:48] {Threei} SS means sold short

[08:49] {Threei} was a lucrative hold overnight, 5K would practically end the day... but who needs to wake up and finds out that Cannacord said "oops, typo, sorrry, that was 10"

[08:49] {ese} no kidding.......and that has happened

[08:56] {Les} morning all

[08:57] {Les} U back already ese?

[08:57] {ese} les

[08:57] {ese} yup.....made it to Lake Como for a beer but you wern't there

[08:57] {Threei} les :)

[08:57] {Les} cool. how many weeks was that?

[08:57] {Threei} EUR/USD Euro hits session lows of 1.3480 following comments from Greek Deputy PM - dealers

[08:57] {ese} 2

[08:58] {Les} enjoy yourselves?

[08:58] {ese} fabulous......want to go back in the summer

[08:59] {ese} didn't like Naples though........roughist looking place on the planet i think

[08:59] {Les} Ah, there I can join you. we are in south Tuscanny during July

[08:59] {Les} Napoli fantastico!

[08:59] {ese} really?

[09:02] {ese} wern't there very long....just passing through on our way to Pompei to see those ruins

[09:05] {nemo} dude

[09:05] {nemo} Hey swissy!

[09:05] {ese} dude......i'm back

[09:06] {nemo} Back in the Vancouver groove!

[09:06] {ese} will be soon......body is still on european time

[09:07] {Les} why don't you just call me wussy and save yourself the intellectual effort Nemo....

[09:07] {ese} lol

[09:08] {nemo} no effort on my part...comes naturally

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:16] {Les} hey dino

[09:16] {Threei} dino, you'll like this:

[09:16] {Threei} EU) EU's Almunia: Should not open the door on discussions about countries leaving the Euro Zone

[09:17] {Threei} and

[09:17] {Threei} GR) Greek Deputy PM: Germany allows its banks to speculate against Greece

[09:17] {larisa} gm :)

[09:17] {Threei} larisa :)

[09:17] {dino} lol 3i, we called it

[09:17] {Threei} the best part is still ahead, I think

[09:18] {Les} hey Larisa

[09:18] {Threei} I like this last one

[09:18] {larisa} :)

[09:18] {Threei} maaa, he calls me names

[09:20] {dino} thinking is germany will speculate against greece, no way they will loan them $

[09:20] {Les} dog eats dog in Euro land

[09:24] {dino} woof

[09:27] {Threei} oh god

[09:27] {Threei} http://tinyurl.com/yzu5ohc

[09:27] {Threei} for when you have time

[09:28] {Les} lol, Obama really will go down in history if that should be the case

[09:28] {Threei} I don't see how it can be prevented

[09:28] {Les} I'd love to avoid pay $600 a month for the family

[09:29] {Threei} other than setting fines at the level of insurance cost

[09:30] {Les} which one would logically assume

[09:30] {Les} PALM support .71

[09:31] {dino} when i was in insurance, saw that happen all the time w/pregnant women. no cov. get preg., get cov, have baby drop coverage

[09:31] {Threei} Short Setup: WFC 30.05 break

[09:31] {dino} hmos took a beating on this

[09:31] {Threei} if stays under .15

[09:32] {fernp} Good morning everybody

[09:32] {Threei} fern :)

[09:33] {Threei} PALM AT&T adds Palm Pre and Pixi smart phones to store offerings, to operate on AT&T's 3G network

[09:33] {Threei} - AT&T also will soon unveil an Android-based smartphone the Dell Aero. This will be Dell's first smartphone available in the U.S., and will feature a user interface developed by Dell and AT&T.

[09:33] {Threei} - Palm Pre Plus will be available at $149.99 and the Palm Pixi Plus will cost $49.99, both after a two year contract and mail-in-rebate.

[09:35] {Threei} bounces are taken as sell opportunity so far in PALM

[09:36] {ese} L gild .97

[09:37] {ese} stop .85

[09:38] {ese} thought for a second there i was bull trapped

[09:39] {Threei} VPHM

[09:39] {Threei} looking for long entry on pullback to about .95

[09:39] {Threei} or consolidation and break if mareket strength continues

[09:41] {Les} somx

[09:41] {Threei} no fresh news

[09:42] {Threei} Long Setup: VPHM .10

[09:42] {Threei} still prefer a pullback...

[09:42] {Threei} but doesn't seem to be happening

[09:42] {Threei} stop for scalpers under 14

[09:42] {Threei} for daytraders .95

[09:43] {Threei} should be capable of more than scalp

[09:44] {ese} stop to break even .97 gild

[09:44] {Threei} SOMX selloff

[09:45] {Les} can't short it

[09:45] {Les} airlines at it again

[09:45] {_shorty} Good morning

[09:45] {Les} hi shorty

[09:45] {Threei} shorty :)

[09:45] {_shorty} Hello Les

[09:46] {_shorty} Hello Threei

[09:46] {Les} PALM

[09:46] {Threei} short squeeze PALM

[09:46] {dino} dsw sm a .63

[09:47] {dino} long

[09:48] {ese} out .01 +.04

[09:48] {jfjf64} mornin

[09:48] {Threei} jf :)

[09:49] {_shorty} Going short PALM...maybe

[09:50] {_shorty} Short 3.93

[09:50] {nemo} almost 1:1 on vphm..move stop to b/e?

[09:51] {Threei} .05 I'd prefer

[09:51] {jfjf64} uaua

[09:52] {jfjf64} .15

[09:52] {_shorty} Out palm -6

[09:52] {Threei} good stop

[09:52] {_shorty} Practicing Threei. Thanks

[09:54] {nemo} huge reserve shares vphm

[09:54] {Threei} grrr JAZZ

[09:54] {_shorty} You are long vphm nemo?

[09:54] {nemo} yeah

[09:54] {Threei} finished so weak, and started questionably today

[09:55] {Threei} decided to abandon it

[09:55] {nemo} broke .15

[09:55] {nemo} Howard Cosell of stock following

[09:58] {Threei} good one on UAUA, jf

[09:58] {jfjf64} ty pal

[09:59] {Threei} BRCD Hearing takeover chatter circulating (5.83, +0.17, 3.00%)

[10:00] {jfjf64} cat short

[10:00] {jfjf64} any read vad

[10:00] {ese} l stx .26

[10:01] {jfjf64} thnkin 59.30

[10:01] {Threei} I'd like to see one more bounce first,

[10:01] {Threei} lower high

[10:01] {Threei} then breakdown

[10:01] {Threei} as it is, it simply goes with market, with no setup on its own

[10:02] {ese} out .30 +.04

[10:03] {Threei} see how it willingly snaps back with any market uptick?

[10:03] {Threei} not making new high though

[10:03] {magoo} morning

[10:03] {Threei} so, short material, yes

[10:04] {Threei} mags :)

[10:04] {Threei} (EU) Juncker: Greece will not be abandoned by the EU

[10:05] {magoo} greece is "to big to fail?"

[10:05] {Threei} Eu will make "all technical instruments" available to Greece

[10:06] {Les} 20'000 hot air bureaucrats. not sure that's what greece had in mind

[10:07] {nemo} motivate vphm please vad

06[10:07] * Threei kicks VPHM in the rear

[10:07] {Threei} like this?

[10:07] {Les} 50 ma coming up fast on VPHM. hopefully some support for push higher

[10:07] {nemo} it's already at r3 for the day

[10:08] {Threei} bidder at .10 tries too

[10:08] {_shorty} What is r3 nemo?

[10:10] {Les} http://uploads.mibbit.com/nxNlRC.gif

[10:10] {Les} screenshot shorty

[10:10] {nemo} pivot point resistance level...most stocks, probability wise, will not clear above R3, or below S3 (support) in a given day

[10:10] {Threei} PALM Hearing MKM Partners making positive comments (timing uncertain) (3.95, -0.05, -1.25%)

[10:10] {_shorty} Thanks a lot LEs

[10:11] {Threei} VPHM over 1:1 for scalpers

[10:11] {nemo} ty

[10:11] {Threei} bidder is chasing it

[10:11] {nemo} ohh look at that .20 bid

[10:11] {Les} .99 cat b/d?

[10:11] {Threei} same guy that was at .10 I'd think nemo

[10:11] {_shorty} Scalped 4 cents on VPHM

[10:11] {Threei} real too

[10:11] {Threei} 4 cents?

[10:11] {nemo} oh oh

[10:12] {_shorty} Had it at 14.17, sold 14.21.

[10:12] {Threei} ok, ere comes major contention:

[10:12] {Threei} GE) German Foreign Min: In regards to Greece, the German gov most look out for domestic tax payers

[10:12] {_shorty} Bad entry Threei on my part.

[10:13] {Les} s CAT .96

[10:13] {nemo} wish the US would look out for taxpayers

[10:13] {Threei} thank you shorty

[10:13] {Threei} for saying it yourself so I don't have to :)

[10:13] {Threei} not that I'd hesitate

[10:13] {_shorty} lol.

[10:13] {nemo} jeez vad, usually you're busting me about being nice to newbies

[10:13] {_shorty} Had to get out, and focus again.

[10:14] {nemo} paxil works

[10:14] {Threei} think about why nemo

[10:14] {nemo} I know

[10:14] {Threei} it's simple:

[10:14] {_shorty} I am a non paying newbie, that is why he is nice. Next week will be diferent if I pay up.

[10:14] {nemo} your chin stuck out a bit

[10:14] {Les} sharp thinking shorty

[10:14] {Les} didn't think of that

[10:14] {Threei} if you are not nice, you kind of crowd me out

[10:14] {nemo} Pay for abuse...we humans are weird

[10:15] {Threei} not really how it works shorty...

[10:15] {_shorty} Kidding.

[10:15] {Threei} we are moved by two motives

[10:15] {Threei} one: whatever helps you become better trader

[10:15] {Threei} another: we enjoy exchanging insults

[10:15] {_shorty} lol

[10:15] {Threei} :)

[10:15] {_shorty} I have a good sense of humor guys.

[10:16] {nemo} market actually pretty strong after passing Obamacare

[10:16] {nemo} we'll be the judge of that

[10:16] {Threei} that's encouraging

[10:16] {Threei} it's one of prerequistis for good trading

[10:16] {Threei} only spelled better

[10:17] {Threei} nemo, IMO:

[10:17] {nemo} stop to .15 on VPHM

[10:17] {nemo} ?

[10:17] {Threei} market has very vague idea at this point how to take health care bill

[10:17] {Threei} implications are so huge and many of them ar distant

[10:17] {nemo} yeah, they don't know what's in it either

[10:17] {Threei} marlrt kind of dismissed it for now

[10:17] {Threei} and decided to react as we go

[10:17] {magoo} [10:16] {_shorty} I have a good sense of humor guys.

[10:18] {nemo} [10:16] {nemo} we'll be the judge of that

[10:18] {Threei} VPHM, two ways to handle stop from here

[10:18] {Threei} to under .10 for sure,

[10:18] {magoo} u ne4ed it beingof such a height challengred stature

[10:18] {Threei} lol

[10:18] {nemo} I think Magoo is completely back from hiatus

[10:18] {Threei} another if you are very stingy is under .15, not my favorite but...

[10:19] {Les} cat not giving up without fight

[10:19] {Threei} you chase it too far down Ls, that's why it's so tough here

[10:19] {Threei} jf had better idea

[10:20] {Threei} CTIB, what the deuce

[10:21] {Threei} non-existant volume kept me back 20 cents earlier

[10:21] {Les} stopped cat

[10:24] {Threei} Long Setup: HIG .51

[10:24] {Threei} scalp type I

[10:24] {magoo} sorry but HUH?

[10:24] {fernp} 40 or .45, Vad?

06[10:24] * Threei slaps magoo around a bit with a large scalping course

[10:25] {Threei} .45 for type I

[10:25] {fernp} ok

[10:25] {Threei} .40 for type II

[10:25] {Threei} depending on market behavior capable of both

[10:25] {magoo} type 1? big shares, scalp-a-roo

[10:26] {Threei} yes

[10:26] {magoo} ty

[10:26] {magoo} i must have blown out thiose brain cells this weekend

[10:26] {Threei} scotch? vodka? brandy?

[10:26] {nemo} stand up so you're not putting so much pressure on them Mags

[10:26] {magoo} vodka

[10:26] {Les} palm spiked on vol.

[10:26] {Threei} lol

[10:27] {Threei} ugh... thought of .98 PALM long

[10:27] {Les} i got rinsed

[10:27] {Threei} was hesitant... too bad

[10:28] {Threei} on what Les?

[10:28] {Les} .89 at 10:07 PALM

[10:28] {Les} long .01. stop .90

[10:29] {Threei} don't like that HIG didn't break with market

[10:29] {Threei} let's trail to .48

[10:29] {Threei} extra-stingy

[10:29] {nemo} neither did vphm

[10:30] {Threei} VPHM is a bit different

[10:30] {Threei} I am less concerned about it

[10:30] {Threei} it kind of marches on its own beat, and we have protected profit here

[10:36] {jfjf64} uaua

[10:39] {magoo} LVS vad...strong

[10:40] {Threei} (GR) Belgian Fin Min Reynders: would not object to the ECB or IMF participating in aid to Greece

[10:40] {Threei} - notes Germany's objections to guarantees for Greek debt (related EUR/USD )

[10:40] {Threei} I am not confident in market continuing uptrend here mags,

[10:41] {Threei} and lVS doesn't really go against it

[10:41] {Threei} not today

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

[10:41] {Threei} - NYSE volume 230M shares, about 5% below its three-month average; advancers lead decliners by 1.3:1.

[10:41] {Threei} - NASDAQ volume 565M shares, about 12% above its three-month average; decliners lead advancers by 1.1:1.

[10:41] {Threei} - VIX index 4.2% to 17.74

[10:43] {ese} L pbr .52

[10:44] {ese} out .55 +.03

[10:44] {ese} ust picking away little by little....gotta get the hang of this again

[10:45] {nemo} duh...looked away and vphm drops through my stop

[10:47] {Les} alright, time to short

[10:47] {Threei} why?

[10:47] {Threei} I am not objecting

[10:47] {Threei} just trying to see the reasoning

[10:47] {Les} cause my longs ain't working

[10:47] {Threei} are shorts?

[10:48] {Les} somx would've been nice...

[10:48] {Threei} CAT new high

[10:48] {Threei} VPHM back to high

[10:48] {_shorty} Short PALM 4.14..

[10:49] {_shorty} my exit will 4.19

[10:51] {Threei} VPHM 1:1 for day traders

[10:52] {Threei} those wjo play it by the book, half out here

[10:52] {Threei} offer 1/5 more above .40

[10:52] {Threei} 1/4

[10:52] {Threei} (US) Florida AG plans suit against federal healthcare reform bill

[10:52] {Threei} - joins seven other states including Virginia, Idaho (related IYH )

[10:54] {Threei} one thing I predicted spot on: the divisiveness of this administration will make W look like a dove of peace

[10:54] {_shorty} out PALM -5. This is where I should have shorted.

[10:56] {Threei} while market decides what to do next,

[10:56] {Threei} http://photography.realitytrader.com/2010/03/things-you-meet-when-go-for-walk.html

[10:57] {Les} all on the island?

[10:57] {Threei} all within city limits

[10:58] {Les} who needs Andes or Himalayas for exotic holiday?

[10:59] {Les} weakness in PM's - gld, auy, slw

[11:00] {jfjf64} lvs 5 min

[11:00] {_shorty} That is some beautiful pictures Threei

[11:01] {Threei} ty

[11:01] {Threei} dino

[11:01] {Threei} GR) EU's Juncker: Greece is not on the verge of bankruptcy

[11:01] {_shorty} Maybe not Greece, but I am.

[11:01] {Threei} {LEH} we do not need to raise any more capital

[11:01] {dino} lol shorty

[11:02] {dino} bear sterns, liquidity is not an issue

[11:02] {_shorty} I am a sucker for PALM. I shorted 4.16 exit 4.21

[11:02] {dino} chk l .51

[11:02] {Threei} why do you insist on trading against trend?

[11:03] {nemo} Love those mongolian babes

[11:03] {Threei} back away a bit, look at the 1 min chart

[11:03] {Threei} does it look like downtrend to you?

[11:03] {dino} hod's

[11:03] {_shorty} No

[11:04] {_shorty} It looks like it is having a hard time hiting it's high.

[11:04] {_shorty} Stay away,

[11:05] {dino} wfc l .50

[11:05] {nemo} plam actually looks long

[11:06] {nemo} palm

[11:06] {_shorty} You guys are right.

[11:06] {Threei} maybe not long here... went up quite a bit already

[11:06] {nemo} riding the trendline

[11:06] {Threei} but it's bouncing and squezing

[11:07] {nemo} actually looking like the indices since 9:45

[11:08] {_shorty} CTEL, thougts?

[11:09] {_shorty} Spread might be a bit to high

[11:09] {Threei} CTEL is one of those that climb slowly without giving setup for entry

[11:10] {_shorty} OK Threei. Thnks

[11:11] {nemo} LVS Vad, BA also

[11:11] {_shorty} CIEN, looking at too.

[11:12] {Les} AIG .55 b/d?

[11:13] {Threei} CIEN actually may be a setiup for a scalp on .80 break

[11:14] {Threei} AIG, don't know... toughie

[11:14] {_shorty} Might risk 5 cents on CIEN.

[11:15] {_shorty} Like you said, breakout on .80

[11:15] {nemo} 200 ma at .85 on cien

[11:16] {_shorty} In at 14.81

[11:17] {_shorty} CIEN

[11:17] {nemo} cien

[11:17] {Les} looking for .50 b/d now CAT.

[11:17] {Les} l CIEN .81

[11:18] {Threei} 1: 1 CIEN

[11:18] {_shorty} Let's do this Les!

[11:18] {Threei} nice and easy

[11:18] {Les} done ty. my faith in the world is restored;)

[11:18] {_shorty} I have no idea what 1:1 is Threei.

[11:19] {Threei} power of being with trend and having setup

[11:19] {Threei} it's risk reward ratio, shorty

[11:19] {Threei} your risk was 45 cent

[11:19] {Threei} 5 cents

[11:19] {_shorty} Ahhhhh!

[11:19] {Threei} at 5 cents profit you have 1:1

[11:19] {Threei} and most scalps tend to reverse around that

[11:19] {nemo} btw shorty, the closer you get to lunch, the better it is to play scalps

[11:19] {Threei} so if you go for opure scalping this is area where you look for exit

[11:20] {Les} CAT now vad?

[11:20] {Threei} with daytrades, those areas are where you look to partial out and trail stop

[11:20] {_shorty} O good exit is here on CIEN?

[11:20] {Threei} can't tell Les

[11:21] {Threei} shorty, you went over educational blog on RT site?

[11:21] {_shorty} I took my profit on CIEN guys.

[11:21] {Les} s CAT .48

[11:21] {Threei} if you had scalp in mind,. that's a good spot for exiting CIEN

[11:21] {nemo} LVS breaking

[11:22] {Threei} if you have reasons to believe it's going higher and weant to give it a chance, tyou sell half and trail stop to b/e

[11:22] {_shorty} Threei I did, but a month bach though. You were in the Bahamas having the worst time of your life. I will re read it tonight.

[11:23] {Threei} yeah, that was hrrible

[11:23] {Threei} beach, sand, palm trees, warm ocean... yeecch

[11:23] {_shorty} Do you have lots of pics from your trip?

[11:23] {Threei} some ar on photoblog

[11:23] {Threei} slideshow of the conference will be ready soon, I'll post a link

[11:23] {_shorty} I love the beach, I surf in San Diego once a year.

[11:25] {nemo} kinda' looking like Friday was Op Ex head fake

[11:25] {jfjf64} lvs boys any takers

[11:26] {nemo} looked away

[11:26] {jfjf64} in.25

[11:26] {nemo} nice

[11:26] {jfjf64} half

[11:26] {nemo} still nice

[11:26] {jfjf64} stop .35

[11:26] {nemo} next support is .28

[11:27] {_shorty} I will stay away from LVS for now.

[11:27] {jfjf64} thx shorty

[11:28] {jfjf64} stop .40

[11:28] {_shorty} Nice jfj64.

[11:28] {jfjf64} thx shorty

[11:29] {_shorty} I like how you called out your trailing stop. I need to work on that.

[11:29] {Les} CIEN for another b/o?

[11:29] {Les} .95?

[11:29] {jfjf64} read

[11:29] {dino} gj jf

[11:29] {dino} rino l .00

[11:30] {dino} hl

[11:30] {jfjf64} vad has great readin material on that

[11:30] {Les} or hod .97?

[11:30] {jfjf64} ty dino

[11:30] {_shorty} I was blown away by his story.

[11:31] {_shorty} CIEN at support now?

[11:31] {Threei} (US) Treasury Sec Geithner: US economy will create jobs, govt's role is to promote private sector growth (related EUR/USD TLT SHY )

[11:31] {fernp} SDS .40 break?

[11:31] {nemo} I guess that's why they nationalized healthcare then

[11:31] {Threei} lol

[11:31] {nemo} long fern?

[11:31] {Threei} not sure fern. market weaknes

[11:31] {jfjf64} his strong suite is his photography

[11:31] {fernp} yes

[11:32] {fernp} stop under .34

[11:32] {Threei} lol jf

[11:32] {nemo} then it would be correct Vad

[11:32] {dino} that statement is the ultimate contradiction, 1st the banks, autos, nopw healthcare

[11:32] {nemo} He writes great fiction shorty

[11:32] {jfjf64} lol

[11:32] {_shorty} lol

[11:32] {Threei} ok, being abused about twice vs norm today, I retire starting 11:36

[11:33] {Les} yeh dino orwell would be proud. double speak at its finest

[11:33] {_shorty} Why 11.36?

[11:34] {Threei} arbotrary deadline

[11:34] {Les} out aig +.11

[11:34] {_shorty} CIEN shaking people out?

[11:34] {fernp} [16:31] {&Threei} not sure fern. market weaknes

[11:34] {fernp} lol

[11:34] {Threei} allows me to feel a freedom of deciding what I do and when

[11:34] {_shorty} lol

[11:35] {Les} HIG back to yesterdays close

[11:36] {Les} CAT bouncing of yesterdays close

[11:36] {nemo} 11:36 Vad, you'll have to ask Obama first...

[11:36] {Threei} nope

[11:37] {Threei} I am Canadian

[11:37] {nemo} yeah, but you trade US markets

[11:37] {_shorty} And spends his profits in Canada

[11:37] {nemo} the nerve

[11:41] {Threei} Long Setup: CAT .50 break

[11:41] {Les} fcx breaking its uptrend

[11:43] {Les} palm at 4

[11:44] {_shorty} I think I am done with PALM for the day.

[11:45] {fernp} .37 stop, Vad?

[11:45] {Threei} I'd keep it under the low of this pullback,

[11:45] {Threei} and invalidate under .40

[11:45] {fernp} ok

[11:46] {Threei} (RU) Russian Dep Econ Min: Feb GDP +3.9% y/y v +5.2% y/y in Jan

[11:46] {Threei} street protests in Russia over last weekend

[11:46] {Threei} 1:1 CAT

[11:47] {jfjf64} ty vad

[11:47] {Threei} sure thing

[11:48] {Threei} love'em when they are so easy

[11:48] {jfjf64} lvs grrrrrrrrrrrrrrrr

[11:48] {nemo} whoa tivo

[11:49] {_shorty} TIVO kicking it again?

[11:49] {Threei} I don't see any fresh news

[11:49] {Threei} US) Financial reform bill will be voted out of committee today and sent to the full Senate, without consideration of amendments - CNBC

[11:52] {_shorty} Les, still in CIEN?

[11:53] {Les} nyet

[11:53] {_shorty} In at 14.89

[11:54] {Les} ah its back to b/o potential again. Vad?

[11:54] {Les} too late

[11:54] {Threei} yes

[11:56] {Threei} sorry for late answer but I am retired for the last 18 minutes... we pensioers are a little slow

[11:56] {Les} oh get back in your box

[11:56] {_shorty} lol

[11:56] {Les} back to your cave, and your navel gazing

[11:56] {Threei} happily

[11:57] {nemo} o.k lunchtime

[11:57] {Threei} CTIB... look at today's chart

[11:57] {nemo} dino stock

[11:57] {larisa} no, ese bought it once.

[11:57] {nemo} up alot already, but lvs breaks .95 on volume...

[11:58] {dino} not really my style, like $5+

[11:58] {nemo} volume wise though

[11:58] {dino} of course

[11:59] {nemo} faz

[11:59] {nemo} sorry

[12:01] {_shorty} out CIEN 15.01

[12:01] {ese} L seed .08

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

[12:06] {Threei} - NYSE volume 385M shares, about 10% below its three-month average; advancers lead decliners by 1.5:1.

[12:06] {Threei} - NASDAQ volume 1.02B shares, about 8% above its three-month average; advancers lead decliners by 1.3:1.

[12:08] {ese} just lookin for an excuse this one

[12:08] {ese} seed that is

[12:08] {nemo} tivo break of .35 on volume for scalp?

[12:08] {Threei} it needs to take .10 ese

[12:09] {ese} agreed

[12:10] {ese} i have an aggressive entry for sure

[12:10] {Threei} ECB's Trichet: only way to give aid to Greece is through conditional loan, not a subsidy - Q&A (related EUR/USD )

[12:11] {Les} fcx nearly green

[12:12] {Les} palm squeeze

[12:16] {nemo} mmmhhhh...is fas setting up one helluva' bull flag

[12:16] {nemo} 92.34 was Friday close

[12:18] {Threei} (EU) ECB's Trichet: The only way to give aid to Greece is through conditional loan, not a subsidy; loan should only be given in extraordinary circumsances - Q&A

[12:18] {Threei} - will look at collateral issue again if assumptions appear to be overly optimistic

[12:18] {Threei} - Reiterates that it would be absurd for any Euro Zone member to leave the EMU; Euro Zone members have a "common destiny."

[12:18] {Threei} - Notes Germany and some other countries helped keep euro-area inflation low.

[12:22] {nemo} fcx ascending triangle

[12:22] {nemo} stop too wide for my liking though

[12:26] {Threei} market is frozen solid

[12:26] {Threei} and you know when we used to see this pattern almost every day}

[12:26] {Threei} during this relentless untyrend

[12:26] {Threei} uptrend

[12:27] {Threei} there is a very good chance, IMO, that this endless grind up resumes

[12:27] {nemo} it would piss off the most people...makes sense

[12:27] {Threei} every red day, as few as we had them, gives so much hope to bears,

[12:27] {Threei} you can hear these screams from everywhere "ah it's over, market reverses"

[12:27] {Threei} can't be that easy and that obvious

[12:28] {Threei} not util they give up

[12:28] {Threei} and accept that any pullback is nothing more than pullback to go long on

[12:28] {Threei} that's when they will cover last shoprts, if any left,

[12:28] {Threei} hit buy buttons no matter what the price

[12:29] {Threei} cause market to spike uncotrollably

[12:29] {Threei} and that will be the end of it

[12:31] {ese} l seed avg still .08

[12:32] {dino} thinking, which i should not, that sense nothing really starts kicking in until next year+, for now healthcare on markets is non-issue

[12:32] {dino} next year tho, is another story

[12:33] {Threei} true

[12:33] {Threei} and it's too far away to guess now what exactly impact is going to be

[12:33] {dino} well, next year anybody making over 200k gets a 30% tax increase

[12:33] {Threei} so market kind of put it in a long drawer

[12:33] {Threei} as thing to worry about later

[12:33] {Les} anyone catch fcx?. taxi time, back later

[12:33] {dino} agreed

[12:35] {_shorty} CIEN is good to me today.

[12:36] {Threei} I really don't like these games on SEED

[12:36] {Threei} see this bid .07 and offer .12?

[12:37] {Threei} .14 now

[12:37] {_shorty} What are you looking at Threei?

[12:37] {Threei} level 2 SEED

[12:38] {_shorty} The MM?

[12:38] {Threei} someone is trying to flash hige bids and offers at various levels

[12:38] {dino} oh, sorry about that

[12:38] {Threei} ok... sin no more

[12:39] {_shorty} I see that in other stocks too. Flash, and disapear as quickly as it came. Someone is bored and p-laying games?

[12:39] {Threei} .16 now

[12:40] {Threei} not ncessary bored,

[12:40] {Threei} trying to cause certain reaction

[12:40] {_shorty} Cool, thanks Threei.

[12:40] {Threei} someone needs scalping course

[12:40] {_shorty} I saw it at 10.09

[12:40] {_shorty} lol

[12:40] {Threei} yes, right now

[12:41] {Threei} .09

[12:41] {Threei} off

[12:41] {Threei} .16 now

[12:41] {ese} i've been watching that too vad.....can't figure out what going on

[12:41] {Threei} see?

[12:41] {_shorty} Wow on the island too

[12:41] {Threei} EDGX .09 bid

[12:42] {Threei} .07 now

[12:42] {nemo} look at .07

[12:42] {Threei} my guess:

[12:42] {_shorty} I do see a scalping course in the future Threei. Need to run it by my wife.

[12:42] {Threei} someone is trying to microscalp it,

[12:43] {Threei} so he is putting offer in,

[12:43] {Threei} flashes huge bids trying to provoke buying,

[12:43] {Threei} when succeeds in selling enough, he puts bid in to cover and starts flashing huge offers, scaring players into selling

[12:44] {_shorty} That is awesome.

[12:44] {_shorty} CIEN back at resistance

[12:45] {ese} i'll say......wish I could do it

[12:45] {Threei} commercial time:

[12:45] {Threei} that, and more, in our awesome unique scalping video course!

[12:45] {Threei} commercial off

[12:45] {_shorty} lol

[12:45] {nemo} when do you turn the sarcasm off...lari

[12:45] {nemo} will get pissed

[12:45] {_shorty} Rich Vad poor Vad

[12:47] {ese} thing about seed though is that it can shoot up or dn 30cents or more in a heart beat and whoever is doing that scalping on seed is gonna get burned seriously

[12:49] {nemo} Qs at the high again

[12:50] {Threei} (US) Special master on bank pay Feinberg: will review compensation for top 25 executives at Wall Street banks - WSJ

[12:50] {Threei} - "Pay Tsar" says rules do not allow clawbacks but may seek to renegotiate payments found to not be in the public interest.

[12:51] {Threei} public interest eh

[12:51] {dino} wow, i cannot believe i am reading this junk

[12:51] {Threei} sorry, my fault

[12:51] {Threei} I am posting it {G}

[12:52] {dino} atlas must be shrugging

[12:53] {_shorty} Threei, what time does the chat get started in the morning?

[12:53] {Threei} about an hour or so before market opening

[12:53] {_shorty} Thanks.

[12:53] {Threei} depends on insomnia

[12:54] {_shorty} lol

[12:54] {Threei} and of course on amount of hard liquor consumed the day before

06[12:54] * Threei slants at nemo

[12:54] {_shorty} That is why SOMX jumped Threei, FDA approved insomnia drug

[12:55] {Threei} march 18

[12:56] {_shorty} Loss of $100 trading it that day. Was way out of my league

[12:57] {Threei} momo... requires specific skills

06[12:57] * Threei slants at magoo

[12:57] {_shorty} momo

[12:57] {_shorty} ?

[12:57] {Threei} momentum stock

[12:57] {_shorty} Thanks

[12:58] {Threei} call it loco

[12:58] {Threei} good mix of locomotive and crazy

06[12:58] * Threei slants at fern

[12:58] {_shorty} I think I lost it in about 10 seconds. loco, I like that.

[12:59] {_shorty} It was Thursday that I traded it, looked at it on Friday crying

[13:04] {Threei} EHTH

[13:04] {Threei} eHealth Inc James Altucher, writing in WSJ blog, names EHTH as "perhaps the strongest beneficiary of health-care overhaul"

[13:04] {Threei} - expects EHTH, which sells insurance via the internet, to benefit from the online exchange concept.

[13:04] {Threei} - also metions QSII and MDRX which have electronic medical records and patient scheduling systems.

[13:04] {Threei} why isn't it moving then

[13:05] {RonS} ...has been pumped for months...

[13:05] {fernp} loco is crazy, mad or insane (take the one you like best, Vad) lol

[13:05] {RonS} loco en la cabeza

[13:06] {nemo} well, where else in the body would you be crazy ron?

[13:08] {RonS} loco en la pelosi

[13:08] {ese} well we gotta some ah new ah people ah to da board eh........ron and shorty.....cool

[13:09] {patience} Ese, you're back!

[13:09] {RonS} shoot ese, I showed up the day you left...am an oldtimer with all that les and nemo has said...

[13:09] {_shorty} Hello

[13:10] {ese} yes indeed i am........

[13:10] {Threei} yes fer, that's why I squinted at you when said that.. I knew it was Spanish :)

[13:11] {ese} howdy boyza.....welcome to the crazy world of vad's reality trader

[13:11] {fernp} :-)

[13:11] {_shorty} Crazy? I will fit right in.

[13:11] {ese} if indeed you are.....perfect!

[13:11] {dino} more like a jungle

[13:12] {ese} " in the jungle the mighty jungle"" the lion doesn't sleep at all"

[13:12] {ese} all together now!!!!!!! In the jungle............

[13:12] {_shorty} I am donig the harmonies

[13:13] {dino} lol, i was more on the guns and roses, "welcome to the jungle"

[13:14] {RonS} exactly dino...scrubbed from youtube or I would post

[13:15] {dino} :)

[13:19] {nemo} or, the asylum...

[13:24] {RonS} dino, what do you think of dan?

[13:25] {nemo} who?

[13:25] {RonS} chart it

[13:26] {ese} well all.....gotta go. been away too long and too mqny things to do...will hold seed to the end of the day....cya

[13:28] {Threei} take careese

[13:29] {fernp} bye ese

[13:29] {dino} dan, not much really, .35 support

[13:29] {dino} cya es

[13:30] {Threei} Short Setup: LVS .75

[13:31] {RonS} SAM frosty

[13:31] {Threei} top of this bounce is a stop, and invalidation is above .85

[13:32] {nemo} got high volume into that red candle drop

[13:32] {nemo} those two long candles near noon might provide support

[13:35] {Threei} with any market help should go closer to .50

[13:35] {nemo} look at that bid at .75

[13:35] {Threei} doesn't matter at all

[13:35] {Threei} thick stock, this kind of orders do not really stand out

[13:36] {nemo} oh yeah, almost 46 million

[13:36] {nemo} nevermind

[13:36] {_shorty} What about UBSS bid at 20.75

[13:36] {Threei} that's what we just discussed

[13:37] {nemo} gotta' do it...

06[13:37] * nemo slaps _shorty around a bit with a large trout

[13:37] {_shorty} I like trout

06[13:37] * nemo slaps _shorty around a bit with a large snapping turtle

[13:38] {_shorty} Why would that not matter if it's the MM?

[13:39] {nemo} large order, but relative to the total volume today, not that big an order

[13:39] {Threei} lost me shorty

[13:39] {Threei} what do you mean MM?

[13:39] {_shorty} Market Maker

[13:39] {Threei} who are all the others then?

[13:39] {Threei} I kow what it means

[13:39] {_shorty} But isn't he the biggest player for LVS?

[13:39] {Threei} why do you think UBSS is more important than any other?

[13:40] {Threei} what makes you think so?

[13:40] {Threei} what about BOSX for instance?

[13:41] {_shorty} He is top 3 of amount of volume amongst the MM

[13:41] {Threei} or anyone who is hiding behind any of ECNs?

[13:41] {_shorty} Thanks for discussing with me guys. Learning a lot already.

[13:41] {Threei} look at Level 2

[13:42] {Threei} INET

[13:42] {Threei} ARCA

[13:42] {Threei} NSSX

[13:42] {Threei} CINN

[13:42] {_shorty} True.

[13:42] {Threei} who are all these guys?

[13:42] {Threei} it's an ECN,

[13:42] {Threei} it gives anonimity to a player

[13:42] {_shorty} I see what you are saying.

[13:42] {Threei} when you see UBSS at the bid with 1 trillion shares,

[13:43] {_shorty} Grain of sand on the beach

[13:43] {Threei} how do you know that same UBSS is not sitting at the offer hiding behind INET, with 1 million shares hidden behind reserve

[13:43] {nemo} no...1 trillion would be a big deal

[13:43] {_shorty} I don't know.

[13:43] {Threei} and merrily selling to everyone who thinks Wow, UBSS want a lot, I better try and get in front of him

[13:44] {nemo} shorty, in LASER software you can pick among a dozen or more different ecns to buy and sell through

[13:44] {_shorty} Good point, I

[13:44] {Threei} so can any o MMs

[13:44] {Threei} of

[13:45] {nemo} my point..err...ahhh...eqzaktly

[13:45] {_shorty} Thanks guys

[13:46] {nemo} invalimudated

[13:46] {Threei} yeah

[13:52] {_shorty} My newibism hasn't come out to strongly, has it?

[13:52] {nemo} you're a what!?

[13:52] {_shorty} newbieism

[13:53] {_shorty} Newbieism: The act of being a newbie

[13:53] {nemo} after Les...Jeffrey Dahmer would have no issues here

[13:53] {RonS} lol

[14:00] {RonS} DE close today +59.96 paints a very interesting candle

[14:01] {Les} yeh thanks Nemo

[14:01] {nemo} :)

[14:01] {Les} we in anything

[14:01] {nemo} coma

[14:02] {nemo} looking for fas bounce in .05 area

[14:02] {nemo} fcx coming into support here

[14:06] {nemo} dummie me, fas bounced right at pivot

[14:07] {Threei} Market Internals update at 14:00ET

[14:07] {Threei} - NYSE volume 547M shares, about 11% below its three-month average; advancers lead decliners by 2:1.

[14:07] {Threei} - NASDAQ volume 1.51B shares, about 11% above its three-month average; advancers lead decliners by 1.4:1.

[14:07] {Threei} - VIX index -0.6% to 16.89

[14:08] {Threei} VIX is hard to believe

[14:08] {Threei} which means it goes even lower

[14:09] {nemo} invere C&H on FCX?

[14:09] {Threei} kind of but way too small to be reliable setup

[14:10] {Threei} overall, it does seem like down is the next likely move

[14:10] {nemo} 200 ma is right under spy and Qs

[14:16] {Threei} strange divergence oil and gold

[14:17] {RonS} Vad, uaua set for an eod run?

[14:17] {nemo} Why strange?

[14:17] {Threei} chart wise yes Ron,

[14:17] {Threei} I just doubt it's ery reliable for UAUA

[14:18] {Threei} nemo, don't they tend to move in unison mostly?

[14:18] {Threei} with both coresponding with USD

[14:19] {nemo} More politics in gold I think....Oil will also be responsive to perceived economic conditions right now...Gold, monetary primarily

[14:19] {Threei} GLD is mightily down

[14:19] {Threei} USO is disgustingly up

[14:19] {nemo} I remember Dr. Cosa, and Kaimu commenting on how GLD is sold down often on Mondays

[14:19] {Threei} NUAN

[14:22] {nemo} .41 break?

[14:23] {Threei} yeah...

[14:23] {Threei} struggling between chart formation and lack of trust to afternoon breaks

[14:24] {nemo} yeah, but we've cleared lunch

[14:24] {nemo} broke below trend support

[14:31] {nemo} tivo

[14:35] {fernp} 48.00 break QQQQ, Vad?

[14:37] {fernp} i don't like, forget it

[14:37] {Threei} forget what?

[14:37] {Threei} :)

[14:37] {fernp} lol

[14:38] {jfjf64} sensi im back miss anythin

[14:38] {Threei} not really

[14:38] {Threei} market is frozen

[14:38] {Threei} no movement

06[14:39] * nemo slaps jfjf64 around a bit with a large shinai

[14:39] {Threei} is it chinese for trout?

[14:39] {nemo} japanese kendo practice sword

[14:39] {_shorty} lol

[14:40] {jfjf64} lol

[14:40] {Threei} whew

[14:40] {Threei} I was scared of... never mind

[14:42] {strider} I thought you didn't have mirrors in hour house, vad.

[14:42] {strider} your

[14:42] {nemo} ?

[14:43] {nemo} oh,,,good one

[14:45] {Threei} generally no, but sometimes I forget

[14:45] {nemo} what's the big whoop, you don't cast reflections anyway

[14:45] {magoo} LVS the star of the day

[14:46] {_shorty} It is

[14:46] {_shorty} MGM followed too

[14:46] {fernp} UAUA .50 break? anyone?

[14:47] {RonS} check the M daily

[14:48] {Threei} that's what's scary nemo

[14:48] {nemo} oh

[14:48] {Threei} I'd stay away fern

[14:48] {Threei} mostly because it already made a move equal of exceeding its upper end range

[14:49] {Threei} look at daily,

[14:49] {Threei} compare this candle to others

[14:49] {fernp} i see

[14:49] {Threei} rather on a long end, right?

[14:49] {fernp} yes

[14:49] {RonS} I thought it was Vlad the Impaler, not Vad...:O

[14:50] {Threei} so... aince today is not something extraordinary, odds are it exhausted its move for the day

[14:50] {nemo} distant relative

[14:50] {Threei} over centuries, one letter just got lost in translation, Ron

[14:50] {_shorty} Would you say the same thing on LVS?

[14:50] {Threei} god yes

[14:51] {Threei} oops... did I just burst in flames

[14:51] {_shorty} lol

[14:51] {RonS} ...i was wondering...

[14:51] {nemo} now his typing will go to hell

[14:51] {Threei} LVS is a little different though

[14:52] {Threei} for some reason today is an unusual day for it

[14:52] {dino} yuii l .00

[14:52] {Threei} GOOG Shares move to session highs after report that Google.cn url is being redirected to Google.com.hk (Hong Kong) with a message saying it is the "new home" for Google search China (566.49, +6.49, 1.16%) (related BIDU )

[14:52] {nemo} jumped consolidated, jumped, consolidated and now continues in a 45 degree climb

[14:52] {RonS} ...casino stocks running...mpel

[14:52] {Threei} I'd think LVS has better chance to continue than UAUA does

[14:53] {nemo} yes

[14:53] {RonS} mgm

[14:53] {_shorty} Even with LVS, maybe +3 cents today.

[14:53] {_shorty} Overtraded today, commisions are going to hurt.

[14:54] {Threei} what do you pay?

[14:54] {magoo} me too vad

[14:54] {magoo} i think .80 area

[14:54] {Les} UAUA

[14:54] {_shorty} 200 $2 500 + 9.95

[14:54] {_shorty} 4.95 500 anything above that is 9.95

[14:54] {dino} back in 10

[14:55] {nemo} ouch

[14:55] {Threei} well... stop playing for 4 cents profits, unless you play biig shares

[14:55] {nemo} they give you vaseline with that plan shorty?

[14:55] {_shorty} lol

[14:55] {_shorty} I like the platform. I play 200 to practice right now.

[14:56] {magoo} whos your broker shortster?

[14:56] {strider} Doesn't make any sense. .01/share for 200 shares. .02/share for 500 shares.

[14:56] {_shorty} Orbis, DTM management

[14:57] {nemo} in case anybody interested, fas double topped with a trendline forming an upward wedge, which means faz just did the opposite, might be a play soon

[14:57] {nemo} pick your poison

[14:57] {nemo} fern=faz

[14:58] {fernp} lol

[14:58] {nemo} :)

[14:59] {Threei} - note: still awaiting an official announcement on Google's plans for its China search business which is expected some time today.

[14:59] {_shorty} Threei, my goal is to play big shares. If I can be consistent with 200 shares, then I plan on going to 500 +

[15:00] {Les} lol shorty, don't ask ese how many shares he plays with....

[15:00] {nemo} no dude, ese plays big shares

[15:00] {nemo} you play at the penny table

[15:01] {_shorty} Playing the penny table. I am usually out when I am +10 cents.

[15:02] {Threei} well... so's ese in many of his plays

[15:02] {nemo} it's not unusual for ese to play between 20-40k shares

[15:02] {Threei} it's just the siz of his positions

[15:02] {_shorty} Who is ese?

[15:02] {nemo} mmmhhh, lvs coming into support

[15:02] {nemo} and trhough

[15:02] {nemo} .30 recross?

[15:05] {magoo} vad, when is your traditional open house?

[15:05] {nemo} Fall?

[15:05] {magoo} nah

[15:05] {magoo} spring

[15:05] {Threei} Google Inc Updates on approach to China; offering uncensored search at Google Hong Kong site - Google blog

[15:05] {Threei} - earlier today we stopped censoring our search servicesGoogle Search, Google News, and Google Imageson Google.cn. Users visiting Google.cn are now being redirected to Google.com.hk, where we are offering uncensored search in simplified Chinese, specifically designed for users in mainland China and delivered via our servers in Hong Kong.

[15:05] {Threei} fall

[15:06] {Threei} - Figuring out how to make good on our promise to stop censoring search on Google.cn has been hard. We want as many people in the world as possible to have access to our services, including users in mainland China, yet the Chinese government has been crystal clear throughout our discussions that self-censorship is a non-negotiable legal requirement. We believe this new approach of providing uncensored search in simplified Chinese from Google.com.hk is a sensible solution to the challenges we've facedit's entirely legal and will meaningfully increase access to information for people in China.

[15:06] {magoo} googs not falling

[15:06] {Threei} BIDU did

[15:07] {Threei} We very much hope that the Chinese government respects our decision, though we are well aware that it could at any time block access to our services. We will therefore be carefully monitoring access issues, and have created this new web page, which we will update regularly each day, so that everyone can see which Google services are available in China.

[15:07] {Threei} - Google intends to continue R&D work in China and also to maintain a sales presence there, though the size of the sales team will obviously be partially dependent on the ability of mainland Chinese users to access Google.com.hk.

[15:08] {magoo} WOW bidu 20 point drop\

[15:08] {Threei} yeah, it's sensitive to GOOG leaving China or staying

[15:08] {Threei} if Chinese govt blocks it completely, watch for BIDU to soar

[15:10] {magoo} surprised they have not, its still communist rule over there isnt it?

[15:10] {nemo} autocratic anyway

[15:10] {Threei} well, it's a bit more complicated

[15:10] {Threei} they demanded that GOOG self-censored certain content

[15:10] {Threei} for a while it worked,

[15:10] {Threei} then GOOG said they will stop it,

[15:11] {Threei} and leave China if they have to

[15:11] {Threei} That sent BIDU up

[15:11] {Threei} the climb you see on daily was caused by this riff raff

[15:12] {Threei} now GOOG is trying to find workaround by redirecting traffic to their Honk Kong site

[15:16] {Threei} LVS continues

[15:16] {Threei} UAUA doesn't

[15:16] {Threei} as foretold

[15:17] {nemo} shoulda' taken that .25 recross

[15:17] {jfjf64} i did

[15:17] {jfjf64} lol

[15:18] {Threei} wtg

[15:18] {nemo} were you going to keep it to yourself?

[15:18] {nemo} JF...I'm adding you to the list

[15:18] {jfjf64} not the list

[15:18] {Threei} lol

[15:19] {nemo} you forced my hand

[15:19] {jfjf64} 20.25 recross told the room

[15:20] {jfjf64} wish i was still in

[15:20] {jfjf64} lol

[15:20] {nemo} where, I don't see it?

[15:20] {nemo} you in politics?

[15:20] {jfjf64} lol

06[15:21] * nemo thinks "should jf's name be in pen or pencil?"

[15:23] {jfjf64} comon vad ya let him talk to a paying student

[15:23] {jfjf64} lk that

[15:23] {Threei} I'd rather ou duke it out between yourselves

[15:23] {_shorty} None paying students get better treatment, it's because they care about you.

[15:24] {nemo} where you live JF?

[15:24] {Threei} only larisa nad patience get better treatment

[15:24] {Threei} and alert

[15:24] {jfjf64} na me an nemo we good its that les i got to keep my eye on

[15:24] {nemo} if you looked like them, you would too JF

[15:25] {nemo} whatever you do, don't let him behind you

[15:25] {Threei} because he is non-sorporial anyway, can't slap him

[15:25] {jfjf64} lol

[15:25] {nemo} you mean corporial?

[15:25] {Threei} yes

[15:32] {_shorty} See you guys tomorrow. Thanks

[15:32] {Threei} take care shorty

[15:32] {nemo} have a nice day...tomorrow we'll be harder on you

[15:32] {Les} cioa shorty

[15:32] {_shorty} lol

[15:32] {Les} ciao as well

[15:33] {nemo} It's existentially odd for me to be referring to someone as shorty

[15:33] {_shorty} lol

[15:34] {fernp} bye shorty

[15:34] {Threei} Market Internals update at 15:30ET

[15:34] {Threei} - NYSE volume 705M shares, about 12% below its three-month average; advancers lead decliners by 2.3:1.

[15:34] {Threei} - NASDAQ volume 1.97B shares, about 12% above its three-month average; advancers lead decliners by 2.2:1.

[15:35] {nemo} Que dice vd. "shorty"?

[15:35] {nemo} short

[15:35] {nemo} fern

[15:36] {fernp} ?

[15:36] {nemo} in Espanol?

[15:37] {fernp} short is corto in spanish

[15:37] {nemo} ty or mg

[15:38] {fernp} de nada

[15:39] {nemo} so, time for Dino's famous run at :40?

[15:40] {Threei} if so, watch for PALM last scalpable move for the day

[15:40] {dino} more like infamous

[15:41] {dino} out amsc,.22, +.47

[15:43] {Les} nice one. didn't catch any of your trades today. has made a difference for the worse.

[15:43] {dino} slow day here

[15:44] {Threei} aame

[15:44] {Threei} same

[15:45] {Threei} (US) Fed's Lockhart: Greek debt could lead to a "broad shock" in markets (related EUR/USD )

[15:45] {Threei} you don't say

[15:46] {Threei} SP) Spanish govt: Spain's 2009 budget deficit was 11.2% of GDP, lower than previous estimate of 11.4%

[15:46] {nemo} break out the party hats!

[15:46] {Threei} fern is already drunk

[15:46] {nemo} sangria

[15:48] {dino} ssme

[15:48] {dino} lol

[15:50] {dino} out dsw .84, +.21

[15:50] {Threei} AATI Reportedly an ITC judge recommends a cease and desist order against AATI in patent suit with LLTC (3.67, +0.21, 6.07%) (related LLTC )

[15:51] {dino} have to leave early, holding wfc over. gn all

[15:51] {dino} rino too

[15:51] {Threei} take care dino

[15:51] {Les} ciao

[15:51] {dino} out yuii +.24, +.24

[15:53] {Les} very slow day

[15:53] {Threei} okay guys, thank you all

[15:53] {Threei} have a good evening

[15:53] {Threei} see you tomorrow

[15:53] {Les} crap already over. nighty night

[15:54] {Threei} crsap is

[15:54] {fernp} Good evening everybody. See you all tomorrow

[15:54] {jfjf64} good night all

[15:54] {nemo} Sayonara

Mar 19 2010

Quadruple witching kept our activity rather at the low end, but good day shaped up nonetheless. 45 cents profit on CAT short, nicely sized PALM short, couple small stops and quite a few discretionary trades most of which worked nicely.

Session Time: Fri Mar 19 00:00:00 2010

[08:13] {KSystems} good morning!

[08:14] {Threei} good morning

[08:41] {Threei} (GR) Greece PM: Greece is in a step before inability to borrow

[08:41] {nemo} Sarkozy is offering aid

[08:41] {Threei} wasn't it "not requesting aid" yesterday?

[08:41] {nemo} yep

[08:42] {Threei} GR) French Official: Germany and France have different ideas about dealing with Greek situation

[08:42] {Threei} - Official notes that French President Sarkozy an IMF loan to greece, would like to see a European solution to the issue.

[08:42] {Threei} ***Reminder: Earlier in the session, the German finance minister said Germany has not ruled out IMF support for Greece, but said Germany has reservations about such tactics

[08:43] {Threei} German Fin Min: Up to Greece to lower its borrowing costs via fiscal consolidation

[08:43] {Threei} - Greece to to take the steps to restore confidence in capital markets

[08:43] {Threei} - Have not ruled out IMF assisted support towards Greece, but do have reservations about such tactics

[08:43] {Threei} GR) German Gov't: No new situation on Greece and reiterates that the country has not asked for aid

[08:43] {Threei} lol

[08:44] {Threei} my favorite:

[08:44] {Threei} Germany has not ruled out IMF assistance for Greece

[08:45] {Threei} reminds me "Ukraine and Argentina signed agreement about Belarus not attacking Mongloia"

[08:52] {Les} sorta reminds me of monty python scene in the market where soothsayers and other quacks speak

[08:52] {Les} "He's making it up as he goes along!"

[08:53] {Les} morning

[08:53] {Threei} morning les

[08:53] {nemo} astute observation, LE

[08:53] {nemo} s

[08:56] {Les} oh belt up you

[08:57] {nemo} :)

[08:57] {Les} ;)

[08:57] {Les} SOMX getting jiggy with it

[09:07] {Threei} PALM PT cut to $0 from $4 by Canaccord; Retains Sell rating

[09:07] {Threei} wow

[09:07] {dino} gm all

[09:07] {nemo} SHORT!

[09:07] {Threei} dino :)

[09:08] {nemo} hey old man

[09:08] {Les} dino

[09:08] {RonS} dino gm all

[09:08] {Threei} ron :)

[09:09] {dino} :)\

[09:09] {Les} hey ron

[09:09] {RonS} hi Les. 65 yesterday. 30 and snow today. gw sucks

[09:10] {Threei} how is it Bush fault?

[09:11] {Les} spring is definitely here now. sun sun sun

[09:14] {RonS} bby getting some vol. gs upgrade, up 1.15. will be interesting how far they run this. 3D hype

[09:14] {Les} so if I had to guess, I'd say a .60 short on PALM could well be a trap. seems to have already recoveered

[09:14] {Les} SOMX

[09:15] {gen} gm all

[09:16] {Threei} gen :)

[09:16] {Les} hi

[09:16] {gen} :)

[09:17] {dino} wcn

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:23] {nemo} penant formed on somx

[09:23] {nemo} hi lari :)

[09:23] {larisa} gm :)

[09:23] {Threei} larisa :)

[09:23] {Les} larisa

[09:24] {larisa} :)

[09:24] {Les} fas spiking

[09:25] {nemo} rimm hovering near pre-marke highs

[09:25] {Threei} everyone remembers today is quadriple witching?\

[09:26] {nemo} yeah

[09:26] {Les} sorta

[09:26] {dino} scarey stuff

[09:30] {Threei} SOMX lost its mind

[09:30] {Threei} buy at market on open orders

[09:31] {Les} what's that mean? everyone's all in?

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:31] {nemo} pre-set orders for market open

[09:31] {Les} ok

[09:31] {nemo} fas exploded

[09:32] {nemo} new DOW high

[09:32] {Threei} Long Setup: WFC .55

[09:32] {Threei} if stays above .45

[09:34] {Threei} SOMX is not shrtable

[09:37] {fernp} Good morning everybody

[09:37] {Threei} fern :)

[09:39] {Threei} would have been nice short eh

[09:40] {Les} GME

[09:43] {Threei} momo's back

[09:46] {Threei} Long Setup: RIMM /long rimm .60 break half lot

[09:46] {Threei} if stays above .45

[09:50] {Threei} let's trail to .55

[09:51] {Threei} gotta be stingy during quadriple witching

[09:51] {Threei} out

[09:55] {jfjf64} halo got the momo

[09:55] {Les} perhaps traders mistook it for PS3 release :)

[09:55] {nemo} ha

[09:55] {nemo} ha

[09:55] {nemo} ha

[09:56] {Threei} Short Setup: CAT .45

[09:57] {Threei} stop for scalpers .above 55

[09:57] {Threei} day traders .60

[09:58] {Threei} 1:1 for scalpers

[09:58] {jfjf64} ty

[09:58] {jfjf64} bad print going in

[10:00] {jfjf64} .35 yest lows

[10:07] {Les} CAT max pain 57.50

[10:07] {magoo} hey!

[10:08] {Threei} morning mags

[10:08] {Threei} 1:1 for day traders

[10:08] {magoo} whgich u i vad?

[10:09] {jfjf64} nice read sensi

[10:09] {Threei} ummm... what?? :)

[10:09] {magoo} what stock 1:1?

[10:09] {Threei} oh

[10:09] {Threei} CAT short

[10:09] {jfjf64} kitty

[10:10] {Threei} (US) FDIC's Bair: There will be more bank failures this year the prior year, though not by much (related XLF )

[10:10] {Les} ty vad

[10:10] {Threei} welcome

[10:11] {Threei} mags... you do know you miassed run of the month yesterday, right?

[10:13] {magoo} no, u catch points?

[10:14] {Threei} look SOMX

[10:14] {fernp} NDAQ long, Vad?

[10:14] {Threei} you'd be all over it yesterday

[10:14] {Threei} not sure fern

[10:15] {fernp} Qs falling, yeah

[10:16] {dino} rino sm l .50

[10:17] {Threei} Short Setup: MOS .50 break half lot

[10:18] {Threei} stop .65, not a scalp for me

[10:19] {Threei} no worky

[10:22] {nemo} rinse

[10:22] {Threei} yeah

[10:23] {nemo} never broke the downwrd trend line

[10:23] {dino} rino stopped

[10:24] {dino} chk gap fill

[10:24] {Threei} BSX looks salmonish

[10:24] {magoo} somx strong too

[10:25] {jfjf64} vxx some gitty up

[10:25] {magoo} yea

[10:27] {fernp} UAUA short Vad?

[10:27] {jfjf64} ko

[10:27] {Threei} probably fern

[10:28] {fernp} ty

[10:29] {Threei} not shortable

[10:30] {fernp} it's available here. +.10 ty

[10:31] {Threei} CAT over 1:2

[10:31] {Threei} 1:3, done

[10:31] {Les} last 100 shares .98 ty

[10:33] {Les} UAUA max pain $15. could drop a long way today

[10:34] {Les} s.90

[10:34] {dino} chk l ,50

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 670M shares, about 275% above its three-month average; decliners lead advancers by 3.5:1.

[10:35] {Threei} - NASDAQ volume 825M shares, about 63% above its three-month average; decliners lead advancers by 2.3:1.

[10:35] {Threei} - VIX index +0.75% to just over 16.50

[10:35] {strider} KKO salmon

[10:35] {strider} ko

[10:37] {Threei} timely cover CAT, too bad didn't have guts to reverse position

[10:37] {Les} KO developed elixir of life?

[10:37] {Les} that's a skill I'd happily practice, reversing the position after covering

[10:38] {fernp} BAC .90 break short, Vad?

[10:38] {Threei} I doubt it

[10:38] {fernp} ok

[10:40] {Threei} don't tak it straightfoward les... closing position does not automatically mean reversing

[10:40] {Threei} sometimes it does, more often it doesn't

[10:45] {Threei} President speech is going to frame a debate as American People against Insurance Companies

[10:45] {Threei} yeah, this is it

[10:46] {nemo} market internals vad?

[10:46] {nemo} finviz must be wrong it has relative volumes through the roof

[10:46] {Threei} Market Internals update at 10:30amET

[10:46] {Threei} - NYSE volume 670M shares, about 275% above its three-month average; decliners lead advancers by 3.5:1.

[10:46] {Threei} - NASDAQ volume 825M shares, about 63% above its three-month average; decliners lead advancers by 2.3:1.

[10:46] {Threei} - VIX index +0.75% to just over 16.50

[10:46] {nemo} wow...guess not

[10:46] {Threei} same here

[10:47] {Threei} doesn't feel like it at all from trading though

[10:47] {nemo} must be huge churning at each level

[10:47] {Threei} Obama a Presidential Approval Index rating of -21. That matches the lowest Approval Index rating yet recorded for this President

[10:48] {Threei} must be because he is protecting american people from big bad insurance companies

[10:48] {nemo} what's funny about this health care, there is no way on God's green earth they are going to "control" spending

[10:49] {nemo} Demographics trump everything

[10:49] {dino} no kidding. it's one big lie

[10:49] {dino} already medicare, medicaid are broke, yeah let's add a 3rd plan

[10:49] {Threei} of course not, ask the province of British Columbia what % of budget is health care

[10:49] {Threei} anyone to guess?

[10:49] {nemo} 30+%

[10:50] {RonS} 40

[10:50] {Threei} more guesses?

[10:50] {Threei} over 50

[10:50] {Threei} and this is the model after which US is lusting?

[10:50] {Threei} saying that it's going to decrease deficit?

[10:50] {Threei} heh

[10:51] {Threei} but, do you think this level of spending guarantees great care?

[10:51] {Les} CAT

[10:51] {Threei} ask those who wait for years for their "non life threatening surgeries"

[10:51] {Threei} or go to US at their own expense and get it done in days

[10:53] {Les} well it averts public gaze from even bigger spending on defense

[10:54] {Les} and govt. itself. I've read that wealthiest districts in USA all centred in and round washington

[10:54] {nemo} yep

[10:55] {nemo} LVS nice uptrend

[11:03] {nemo} gold taking a pounding

[11:03] {Threei} oil too

[11:04] {Threei} while widely despised green buck goes stratospheric

[11:04] {Les} IMF bailout arranged?

[11:04] {nemo} that'll kill the $

[11:04] {Threei} right

[11:04] {Les} ok, so Euro trash bailout

[11:04] {Threei} EU bailout sends USD up

[11:05] {Threei} IMF bailout kills it

[11:05] {Les} that's the one

[11:05] {Les} out CAT +.18

[11:06] {fernp} 1:1 BAC

[11:06] {Threei} Greece shrugging and withdrawing from the modern world altogether and switching to internal barter send price of alives to the sky

[11:06] {Les} spy - db or death

[11:07] {Les} ha. bought olive oil from producer in Tuscanny last year. Most olives in oil come from anywhere round Med rim.

[11:08] {Les} Nothing Italian about Italian olive oil

[11:08] {nemo} at S3, if it breaks lower on volume could go to 115.50 area

[11:08] {Les} Greece, dunno

[11:10] {Les} out UAUA +.10. would like to short again if it doesn't bounce

[11:10] {nemo} lvs still salmoning

[11:10] {RonS} uaua db or death?

[11:11] {Threei} short on bounces, UAUA

[11:11] {Les} ok

[11:12] {Les} finnies coming down - wfc 30

[11:13] {Les} s uaua .72

[11:15] {dino} cru

[11:15] {RonS} euro 1.35 down break could crack this wide open. 1st hour range target 1050 on .spx

[11:17] {Les} WFC

[11:17] {RonS} s/b 1150...

[11:18] {Threei} if you can stand the visual, Ms Pelosi is "very excited about the situation"

[11:19] {Les} I imagine she has top notch health insurance in event of heart attack

[11:19] {RonS} every thief has their excitement

[11:20] {nemo} They're the American Politburo, special stores, special health insurance, special perks

[11:20] {Les} spy

[11:20] {RonS} ...they excluded themselves for the system from the jump

[11:21] {Threei} seeing how SOMX holding around these levels, I start thinking,

[11:21] {gen} ?

[11:21] {nemo} thinking?

[11:21] {Les} stop thinking

[11:21] {Threei} if it sits here for an hour or two more, it has a good shot at momo resumption

[11:22] {RonS} ...especially if the market washes out early, and then recovers

[11:24] {magoo} somx..was watching that too

[11:25] {Threei} wow.. magoo was watching momo candidate

[11:25] {Threei} what's the world coming to

[11:25] {dino} hig gap fill

[11:27] {magoo} not in tho

[11:27] {Les} wfc 30 b/d?

[11:27] {Threei} no

[11:29] {dino} dvn gap fill, dec

[11:30] {Threei} HIG, pullback closer to 27 I'd consider for long

[11:30] {Threei} this I must share:

[11:30] {Threei} Mi querido amigo

[11:30] {Threei} I am Mr. Nikolai Bondaruk, at present I am suffering from throat cancer

[11:30] {Threei} and have a hole in the heart.

[11:30] {Threei} My matrimonial situation is such as I do not have a wife and even less

[11:30] {Threei} children to whom I could bequeath my heritage.

[11:30] {Threei} It is because of this I

[11:30] {Threei} would like gracious and with the aim of help stripped to give you this

[11:30] {Threei} known as heritage rising to a value of $9.5 million US dollars

[11:31] {Threei} etc

[11:31] {Threei} pure beauty

[11:31] {RonS} ...sounds like you need a new spam filter...

[11:31] {Threei} spanish greeting, ukrainian name, hole in the heart, no wife and even less children

[11:32] {Les} I'm impressed by ISP's inability to filter scams

[11:32] {magoo} lol les

[11:33] {Les} UAUA

[11:33] {dino} uso gap fill

[11:33] {Threei} oh boy

[11:33] {Threei} (US) Former Fed Chairman Greenspan: Bank regulators missed risks during 'euphoria'; regulators cannot end crises or deal with asset prices

[11:34] {magoo} SOMX VAD

[11:34] {Threei} with each new "not my fault" from Greenspan I experience more and more respect for Bush

[11:35] {Threei} feels like it will try mags

[11:35] {magoo} in here .57

[11:35] {Threei} really tough to time it

[11:36] {Threei} if it gets going, .90 is target, at least

[11:36] {magoo} thought it might just 'jump"

[11:36] {Threei} it could but only when real momo is back

[11:37] {Threei} for now it's kind of "am I back or am I still thinking"

[11:38] {RonS} dino, csx bounce candidate?

[11:41] {magoo} no go out

[11:41] {dino} y

[11:44] {dino} balt drop

[11:49] {Threei} probably .60 break is SOMX launch pad

[11:50] {dino} dvn sm l .35

[11:50] {dino} csx sm l .45

[11:50] {Les} why not aggressive .51 entry?

[11:51] {dino} c'mon ron, push csx

[11:52] {RonS} i fear you are late dino

[11:53] {Les} nice trendline since 10:30 somx. pullback to mid .40's would be nice

[11:59] {fernp} LVS interesting

[12:01] {Les} already midday. looking forward to changing back to normal sunday

[12:08] {Threei} nice ascending triangle, fern

[12:09] {fernp} yes, i am in from .50

[12:09] {fernp} stop under .45

[12:09] {nemo} 11:10] {nemo} lvs still salmoning

[12:09] {dino} jazz

[12:10] {fernp} but still holding to see if breaks .55

[12:11] {RonS} aet...or is is eat at the public trough...

[12:13] {nemo} gorge...more like it

[12:14] {magoo} right now, cnbc poll...75% say NO to obamas plan

[12:14] {Les} thanks dino. +.13 jazz

[12:14] {Threei} it doesn't matter mags, he just underexplained it

[12:14] {Threei} he will overcome it for their own good

[12:14] {Threei} they will thank him later

[12:15] {dino} gj less

[12:15] {dino} short it?

[12:15] {Les} nooooooo

[12:15] {nemo} no pun intended dino

[12:16] {Les} vad jazz .30 break?

[12:16] {Threei} I have no read on JAZZ

[12:16] {Threei} no news either

[12:16] {Les} ok

[12:17] {Threei} anyone see anything on it?

[12:18] {RonS} I think a lot of these things ran on the ocare thing

[12:19] {dino} jazz short imo

[12:27] {Threei} PALM new lows

[12:27] {Threei} not 0 yet but approaches

[12:28] {Threei} seriously, anyone ever seen such downgrade, with tagert 0?

[12:29] {Les} theatrical approach to screwing a company's stock price

[12:30] {RonS} ...never, but there should have been many...

[12:32] {Threei} lol

[12:33] {RonS} ...such a stance conflicts with revenue generation from the promotion side. plus engenders the potentail for lawsuits a la overstock.com

[12:33] {Threei} Canaccord, too, not a third tier firm

[12:34] {RonS} ...the PALM conference call was absolutely horrible...

[12:40] {Les} ty vad. took my 5 cents of flesh from PALM. A bit premature... again.

[12:41] {Threei} from above 40?

[12:41] {Les} y

[12:42] {Les} a bit premature covering...

[12:45] {dino} chk green

[12:46] {Les} you still long?

[12:46] {dino} yes from .50

[12:46] {dino} wants hod

[12:46] {dino} wfc green, sm l .25

[12:47] {nemo} wfc

[12:47] {dino} chk, hod, imo

[12:47] {dino} jazz up again

[12:47] {nemo} FDX inverted H&S

[12:50] {Les} s DAL .73

[12:51] {Les} somx coming down. can't short it

[12:52] {Threei} PALM is dying

[12:52] {Les} there was the drop I was hoping for

[12:53] {Les} last I recall of palm, talk of Mr Softy snapping it up for entry into mobile?

[12:53] {Threei} DELLL was named as possible suitor

[12:54] {Les} they wanna wait until stock is worth 50 cents?

[12:54] {RonS} cldx and others broke up and are flagging...what is the trigger?

[12:55] {dino} msft already has a smart phone coming out this summer

[12:55] {nemo} rimm coming into TB

[12:55] {dino} windows phone 7

[12:55] {RonS} tb?

[12:55] {nemo} Triple Bottom

[12:56] {nemo} then again so is Qs

[12:56] {RonS} does RIMM usually run into earnings...which are next week, i think.

[12:57] {nemo} yeah, then they upod guidance and it tanks

[12:59] {dino} back in 30 or so

[13:01] {Threei} serious panic PALM

[13:01] {Threei} there is no "usually" Ron

[13:02] {magoo} yea..agree w/vad..ive seen rimm sell off into earnings too

[13:02] {strider} RIMM 'usually' kicks my butt when I trade it.

[13:02] {nemo} you got one of those "donut" pillows strider?

[13:03] {strider} Donuts are not especially tasty after you sit on them.

[13:04] {nemo} ahhhh....mmmmhhhh....o.k....nevermind

[13:04] {strider} gotta go...back before close, I think.

[13:04] {nemo} have a nice weekend if you're not

[13:04] {strider} thanks. you too.

[13:04] {gen} x

[13:04] {Threei} (US) Fed spokesperson: reviewing court order to turn over documents related to discount window lending; considering options including appeal

[13:04] {Threei} - earlier today two separate appellate courts ruled the Fed must make public documents related to individual borrowing from its discount window and other lending programs.

[13:04] {nemo} you're GenX

[13:05] {nemo} interesting on the 5 minute gen

[13:06] {gen} yep

[13:06] {nemo} tis is where Vad says, a little consolidation and then break of .06

[13:07] {gen} it's close

[13:07] {nemo} having put words in Vad's mouth, it looks strikingly like the spy over the last hour

[13:08] {nemo} you have resistance in the .10-.12 area

[13:10] {Les} somx dies a bloody death

[13:12] {Threei} such is life of momos

[13:12] {Threei} when air is out, they drop to the ground

[13:12] {magoo} yea.09 cent stopnot so bad now

[13:17] {gen} x out +.10

[13:17] {Les} gj

[13:17] {nemo} kewl

[13:18] {nemo} thinking fcx short, it's volumely challenged at this peak

[13:18] {nemo} high is .27

[13:18] {nemo} not sure about trigger

[13:29] {dino} back

[13:32] {Threei} wow

[13:32] {nemo} well

[13:32] {jfjf64} ????

[13:32] {Threei} what the deuce was that

[13:32] {nemo} where?

[13:32] {Threei} PALM

[13:39] {jfjf64} amzn s .79

[13:42] {jfjf64} not this time

[13:43] {dino} cru getting crushed

[13:43] {Les} all out of airline shorts and off to a restaurant with family

[13:44] {Les} this is the first solid green week since you've got back from Bahamas

[13:44] {dino} gj les

[13:44] {Les} this time, with momo and extreme contrarian plays incorporated into strategy

[13:44] {Les} a good week. bye all. ty vad

[13:45] {jfjf64} enjoy les

[13:45] {fernp} gj les

[13:45] {Les} c u's for punching in time monday

[13:47] {fernp} QQQQ .40 breakdown interesting

[13:48] {Threei} take care les

[13:49] {nemo} .38 is S3 support for Qs, and 115.95 is S3 support (now resistance) for daily pivots. We probably won't get much more motion down today

[13:49] {nemo} at least on those

[13:49] {fernp} true

[13:49] {nemo} 115.95 on spy...sorry

[13:51] {jfjf64} great week guys all enjoy see ya monday

[13:52] {fernp} bye jf

[13:52] {Threei} take care jf

[13:54] {dino} cya jf

[14:01] {Threei} crap

[14:02] {Threei} had a strong feeling SOMX was .50 break long

[14:04] {Threei} Market Internals update at 2:00pmET

[14:04] {Threei} - NYSE volume 1.03B shares, about 70% above its three-month average; decliners lead advancers by 4.1:1.

[14:04] {Threei} - NASDAQ volume 1.89B shares, about 38% above its three-month average; decliners lead advancers by 2.8:1.

[14:04] {Threei} - VIX index +5.75% to just over 17.50

[14:05] {fernp} have a good weekend everybody. See you all on monday

[14:05] {Threei} have a good one fern

[14:05] {dino} tam drop

[14:05] {dino} cya fern

[14:06] {dino} tam drop

[14:10] {dino} bpt

[14:11] {gen} bye all

[14:11] {Threei} tak care gen

[14:11] {gen} was a good day

[14:11] {Threei} good to hear

[14:11] {gen} :)

[14:11] {dino} cya gen

[14:15] {dino} chk closing in on hod

[14:20] {dino} bam

[14:21] {Threei} (GR) EU's Barroso: EU members must come to agreement on a "standby" aid package for Greece as soon as possible

[14:21] {nemo} standby

[14:22] {Threei} but Greece didn't request any

[14:22] {dino} chk to .11

[14:23] {dino} to .16

[14:24] {dino} to .20

[14:26] {nemo} You riding it unless it pulls below trend line?

[14:26] {dino} hard stop

[14:26] {dino} out .20, +.70

[14:29] {RonS} gj dino

[14:29] {dino} ty ron, saved my day

[14:33] {Threei} PALM is aiming for new lows it seems

[14:33] {Threei} test of 4 and probably below is most likely

[14:47] {nemo} see chk dino, pulled back to trend and kept going

[14:48] {dino} nice read on it

[14:49] {nemo} just notice strong uptrend stocks that seem immune to the indices tend to do that

[14:50] {nemo} then again, if it were saving my day, I'd have been out alot earlier :)

[14:50] {dino} lol

[14:50] {dino} road fl on it

[14:50] {nemo} fl?

[14:50] {dino} full lot

[14:51] {nemo} oh, breathing into the towel?

[14:54] {dino} dsw back to 5 day support

[14:55] {nemo} fdx back into support

[14:56] {RonS} js offerring support

[14:57] {dino} mkt dropping

[15:01] {dino} back in 10

[15:08] {Threei} SOMX deep pullback

[15:10] {dino} yeah

[15:15] {Threei} Monday should be more normal

[15:15] {nemo} ?

[15:16] {Threei} well... whatever the normal is these days

[15:19] {Threei} Market Internals update at 2:00pmET

[15:19] {Threei} - NYSE volume 1.03B shares, about 70% above its three-month average; decliners lead advancers by 4.1:1.

[15:19] {Threei} - NASDAQ volume 1.89B shares, about 38% above its three-month average; decliners lead advancers by 2.8:1.

[15:19] {Threei} - VIX index +5.75% to just over 17.50

[15:20] {magoo} so first pullbk in 9 days on big volume

[15:20] {Threei} I know I posted 2 pm already,

[15:20] {Threei} just want it cloer to next update in 10 min

[15:20] {Threei} so compare

[15:20] {Threei} I don't know if volume comparison means anything here mags

[15:21] {nemo} op ex

[15:21] {Threei} mutliple witching day is a factor

[15:21] {dino} indeed

[15:22] {dino} for the last year volume hasn't really mattered

[15:22] {magoo} oh..thats right...the ole triple witches from macbeth

[15:22] {nemo} I was just thinking about that

[15:22] {Threei} must have hurt

[15:22] {nemo} that sucked

[15:22] {Threei} thought so

[15:23] {nemo} no, your comment

[15:23] {Threei} ah

[15:23] {Threei} then I strongly disagree

[15:23] {Threei} and even take severe umbrage

[15:24] {magoo} vad...u bozzing this weekend?

[15:24] {Threei} not really... why?

[15:24] {magoo} i am

[15:24] {magoo} dont like drinkin alone

[15:24] {Threei} and there is no one closer?? :)

[15:25] {RonS} lol

[15:25] {Threei} come on, it can't be that bleak

[15:25] {magoo} just thought if i was in the area, look u up

[15:26] {Threei} I just looked at the map, to estimate distance

[15:26] {Threei} wow

[15:26] {Threei} how much do tyou have to drink to accidenatlly wander THAT far?? :)

[15:27] {RonS} Sometimes too much to drink is barely enough.

[15:27] {RonS} Mark Twain

[15:27] {Threei} lol

[15:27] {Threei} alcohol in small doses is harmless in any quantity

[15:27] {Threei} Michael Zvanetsky

[15:27] {nemo} define small dose?

[15:28] {dino} 12 pack

[15:28] {magoo} in one sitting

[15:30] {RonS} "We, the undersigned, recognizing the evils of drunkenness and resolved to check its alarming increase, with consequent poverty, misery and crime among our people, hereby solemnly pledge ourselves that we will not get drunk more than four times a year, viz., Fourth of July, Muster Day, Christmas Day, and Sheep-Sheering." - Massachusetts temperance societies,

[15:31] {nemo} drunkeness and sheep...oy vay

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

[15:31] {Threei} - NYSE volume 1.18B shares, about 50% above its three-month average; decliners lead advancers by 3.6:1.

[15:31] {Threei} - NASDAQ volume 2.19B shares, about 24% above its three-month average; decliners lead advancers by 2.4:1.

[15:31] {RonS} Montana: where men are men, and sheep are nervous.

[15:32] {Threei} here comes PALM

[15:32] {dino} lol

[15:32] {nemo} honest officer, I was just helping the sheep over the fence

[15:32] {Threei} scalp type I... short 5K 4.12, covered 4.02

[15:33] {magoo} i like that call

[15:33] {magoo} i wish ud put them up more "5k for a dimer"

[15:34] {magoo} 4 a day...RICH RICH RICH :)

[15:36] {Threei} 14:33] {Threei} test of 4 and probably below is most likely

[15:38] {magoo} out TY

[15:38] {magoo} .98

[15:38] {Threei} :)

[15:38] {magoo} DONE

[15:39] {magoo} have good weekend all

[15:39] {Threei} I actrually did that 5 K trade

[15:39] {Threei} let me post a screenshot if want

[15:39] {magoo} me three

[15:39] {Threei} have a good one mags

[15:39] {magoo} er um two, duh, also

[15:40] {nemo} Monday likely snap-back

[15:42] {Threei} http://caracommunity.com/sites/default/files/PALM_short_scalp_type_I.jpg

[15:51] {Threei} Closing Imbalances: Mixed (reminder: today is quadruple witching)

[15:51] {Threei} - 1.9M sell imbalance in CAR

[15:51] {Threei} - 1.3M sell imbalance in CNO

[15:51] {Threei} - 3.1M sell imblance in GNW

[15:51] {Threei} - 1M sell imbalance in PAG

[15:57] {Threei} okay guys and gals

[15:57] {Threei} thank you all

[15:57] {Threei} have a great weekend

[15:57] {nemo} cya

[15:57] {Threei} see you on Monday

[15:57] {dino} out dvn +.098

[15:57] {dino} out csx +.10

[15:58] {Threei} hopefully PALM doesn't just gap to 0

[15:58] {lasertrev} have a good weekend all

[15:58] {larisa} bye all :)

[15:59] {dino} cya laser. larisa

[16:00] {dino} calling it a week. thx all

Mar 18 2010

It's official: 5-and-half weeks long winning streak has ended today. Morning brought three rinses - stock would touch our stop, then proceed to our target. Discipline trumps conviction. Later on SOMX momo allowed many of us to dig out of it but calls wise it's still a losing day. Read the discussion of how to play momos, starting around 15:14

Session Time: Thu Mar 18 00:00:00 2010

[08:03] {Threei} (EU) EU Commissioner Rehn's spokesperson: Rehn sees the EMF idea as an interesting concept

[08:04] {Threei} GR) Greece Fin Min: Denies earlier press speculation that Greece could ask IMF for aid in early April

[08:04] {Threei} ***Reminder: Before the European morning an unnamed Greece Official commented that Greece sight IMF aid during April 2-4 Easter weekend and was in steady contact with IMF Chief Strauss-Kahn. The official noted of a growing rift with Germany over the debt crisis was deepening (sse our 00:54am ET headline)

[08:30] {Threei} *(US) FEB CONSUMER PRICE INDEX M/M: 0.0% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E; CPI NSA: 216.741 V 217.043E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 457K V 455KE; CONTINUING CLAIMS: 4.58M V 4.516M

[08:30] {Threei} *(US) Q4 CURRENT ACCOUNT: -$-115.6B V -$119.0BE

[08:37] {Threei} FDX Exec: Sees solid GDP growth in near-term in the US economy recovery is underway: housing could remain a problem, sees strong H1 in 2010 - conf call

[08:50] {Threei} 4:19:33 AM

[08:50] {Threei} (GR) Greece PM Papandreou: Reiterates it is country's responsibility to correct its problems - address to EU parliament

[08:50] {Threei} - Does not see financial markets as a scapegoat for Greece's problems

[08:50] {Threei} - Must restore confidence in its economy and credibility in its finances

[08:50] {Threei} - Greece has been making changes and will continue to do so

[08:50] {Threei} - Reiterates view that Greece cannot sustain its defcit reduction goals under high interest rates

[08:50] {Threei} - Admits that Greece is playing with 'loaded gun at the table' and that Europe needs to take action to curb contagion risk

[08:51] {Threei} (CH) China Foreign Ministry spokesperson Gang: Reiterates that US demands regarding CNY currency are unfair and harmful to relations

[08:51] {Threei} - Calm and rational approach was needed to address the dispute to reach mutually beneficial solution

[08:53] {Threei} 00:54 (GR) Greece Official: May seek IMF aid during April 2-4 Easter weekend, in steady contact with IMF Chief Strauss-Kahn

[08:53] {Threei} - No more bond sales likely until after Mar 25th EU Summit.

[08:53] {Threei} Notes the rift with Germany over the debt crisis is deepening

[08:55] {nemo} I love Germany pushing IMF option. It's another way of saying, "We'll let the US pay for it."

[08:55] {Threei} pretty much

[08:55] {Threei} well, both countries have taxpayers

[08:56] {Threei} none is happy to bail out Greece

[08:56] {Threei} who has more at stake

[08:56] {nemo} EU

[08:56] {Les} why not? US has screwed its dollar with the printing press, another trillion won't do greater harm?

[08:56] {Threei} and who can control their internal situation better

[08:56] {Threei} I don't think so les...

[08:56] {nemo} Les, that's more debt I incur

[08:57] {Les} give the cash to us, I'll put it to good use

[08:57] {Threei} patience wears thin here with bailing out US's own,

[08:57] {Threei} let alone someone else

[08:57] {Les} betting againts Dino does get expensive

[08:57] {Les} against

[08:57] {Les} :D morning

[08:57] {Threei} hi

[08:57] {Threei} don't et against him...

[08:58] {Threei} he has very nice track record of consistency

[09:00] {Threei} all in all, I will be very surprized if IMF takes this burden

[09:01] {Threei} just can't envision any palatable way to sell bailing out Greece to US public

[09:01] {nemo} not sure, might be blackmail to keep buying trasuries

[09:02] {Les} well, immediate bailout is one issue, but am happy to see policy reform pan-EU as necessary outcome long term

[09:03] {Les} an unstable EU ain't going to help Switzerland

[09:03] {Threei} feels to me like band-aid on tumor les...

[09:04] {Threei} I don't see EU problem in unsound financing or monetary policies

[09:04] {nemo} Greece has the EU by the short-hairs

[09:04] {Threei} that exists but it's just a small part of the problem

[09:04] {nemo} Now...can the EU convince the IMF (US) those are their shorthairs too

[09:05] {Threei} underlying and the most serious one is that the very construct is artifical

[09:05] {nemo} understood

[09:05] {Threei} and has internal contradictions that sooner or later will tear it apart

[09:06] {Les} not agreed

[09:06] {Threei} not many in Europe do :)

[09:06] {Les} huh

[09:06] {nemo} disparate cultures les

[09:06] {Threei} and economic disparity

[09:06] {Threei} but, why argue

[09:07] {nemo} what will be, will be

[09:07] {Threei} I am sure it will resolve itself in our lifetime

[09:07] {Threei} let's wait and see

[09:07] {nemo} whoa..

[09:07] {Threei} personal experience is,

[09:08] {nemo} the doctor is in

[09:08] {Threei} when this kind of things starts unravelling, it happens with mind-boggling speed

[09:08] {Threei} exceeding anything anyone could imagine

[09:09] {Threei} maybe there were geniuses that foresaw the speed of USSR collapse,

[09:09] {Threei} but within it I am sure there was none.

[09:09] {Threei} The system was rotten, sure,

[09:09] {Threei} a lot of people saw that

[09:09] {Threei} but no one forecasted that it could fall apart in the course of months

[09:09] {Threei} not even close

[09:10] {Threei} GE) German Gov't advisor: Germany position towards Greece remained unchanged

[09:12] {Threei} - reiterates Greece has not requested any aid.

[09:12] {Les} March 18 (Bloomberg) -- Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package.

[09:13] {nemo} Naww...they're not requesting aid

[09:13] {Les} texas hold 'em

[09:13] {Threei} Caterpillar Inc Reports 3 month dealer statistics; Dec-Feb sales -filing

[09:14] {Threei} it's a very long tanble, let me just say,

[09:14] {Threei} there is no single line in it that starts with UP

[09:14] {nemo} means cat should run today :)

[09:14] {Threei} ahha, here are totals

[09:14] {Threei} World DOWN 20% DOWN 27% DOWN 35%

[09:15] {Threei} Total DOWN 33% DOWN 33% DOWN 36%

[09:15] {Threei} firast is by regions, second is by industries

[09:15] {Les} fuqi hanging around 12

[09:15] {lasertrev} good morning

[09:15] {Les} The SEC's Mary Schapiro acknowledged that the agency's oversight of Lehman Brothers (LEHMQ.PK) may have been inadequate

[09:16] {Threei} trev :)

[09:17] {Threei} worth watching, CAT

[09:21] {Threei} part of this maybe weather related

[09:23] {dino} gm all

[09:23] {Threei} dino :)

[09:23] {Threei} any hangover?

[09:23] {Les} hey dino

[09:24] {dino} no hangover, behaved

[09:24] {Threei} hmmm... where is the fun in that

[09:24] {dino} daughter had a basketball game, so....

[09:25] {Threei} ok... misbehaving is postponed till weekend then

[09:26] {larisa} gm :)

[09:26] {Threei} larisa :)

[09:26] {larisa} :)

[09:26] {Les} hi larisa

[09:27] {larisa} morning les

[09:27] {dino} fdx

[09:27] {dino} hig holds well w/that offering

[09:27] {RonS} gme gm all

[09:28] {Threei} Ron :)

[09:29] {Les} Hi Ron

[09:30] {Threei} Short Setup: CAT .60 break half lot

[09:31] {Threei} if stays under .80

[09:31] {Threei} invalidated

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:32] {Les} 60 is pivot resistance CAT

[09:33] {Threei} I like the idea of long on it but I'd like pullback

[09:33] {Threei} .80 is nearest support

[09:35] {Threei} Long Setup: CAT .95

[09:35] {Threei} if stays above .85

[09:36] {fernp} Good morning everybody

[09:37] {Threei} fern :)

[09:37] {Les} fern

[09:37] {Threei} little market help, and it's capable of much more than scalp

[09:39] {Threei} no go

[09:40] {Threei} (US) Preview: Feb Leading Indicators due out at 10:00ET

[09:40] {Threei} **consensus expectation: 0.1%e v 0.3% prior

[09:40] {Threei} (US) Preview: March Philadelphia Fed Index due out at 10:00ET

[09:40] {Threei} **consensus expectation: 18.0e v 17.6 prior

[09:41] {nemo} fuqi bounced off post market lows yesterday, probably strong support

[09:41] {Les} watching it. DSW too

[09:44] {dino} s cat .95 stop .06

[09:44] {nemo} mmmhhh...fuqui base building just under .30

[09:44] {Threei} Long Setup: GME .90 break if stays above .75, half lot

[09:45] {larisa} TSL not happy today

[09:46] {Threei} Yesterday 17:15 TSL Registers to sell 7.9M ADS (about 13% of shares outstanding)

[09:46] {Threei}

[09:48] {Threei} SPY makes these long tails all morning

[09:48] {Threei} all of 18 min of it anyway

[09:49] {Threei} makes read quite unreliable

[09:49] {Threei} no go GME

[09:50] {dino} cat stopped

[09:50] {Threei} CAT rinsed long

[09:50] {larisa} dino went short on it

[09:50] {Threei} ok,

[09:50] {Threei} CAT rinsed long and short

[09:51] {Les} shorted GME for +.14

[09:51] {dino} yeah

[09:51] {nemo} mmmhhhh....not good

[09:51] {dino} looks like s now

[09:51] {nemo} and the spy looks like it's in V fib

[09:52] {larisa} things are just bouncing all over the place

[09:52] {Threei} yes

[09:52] {larisa} except for RIMM :)

[09:52] {Les} wow. erratic movement from CAT

[09:53] {Les} dino, you looking at anything?

[09:53] {nemo} his monitor

[09:53] {nemo} sorry lari

[09:53] {dino} cat, but can't figure it out

[09:53] {Threei} now CAT is doing what I envisioned on that first break

[09:54] {Threei} morning volatility was a bit excessive

[09:54] {larisa} it was your fault vad, you said .80 support, but made stop at .85

[09:54] {Threei} true

[09:56] {Threei} friking CAT goes much higher

[09:56] {Threei} and with no readable entry

[09:57] {Threei} let's wait out set of numbers in 4 min

[09:57] {Threei} 3

[09:57] {Les} GME seems to be heading for a .50 b/d sooner or later?

[09:58] {strider} tivo

[09:58] {Threei} hard to tell les

[09:59] {Threei} no news yet TIVO

[10:00] {Threei} *(US) FEB LEADING INDICATORS: 0.1% V 0.1%E

[10:00] {Threei} *(US) MAR PHILADELPHIA FED INDEX: 18.9 V 18.0E

[10:01] {Threei} TIVO pace is momo-like

[10:02] {strider} has to do with DISH settlement

[10:02] {Threei} TIVO Strength attributed to positive Sanford Bernstein note (16.27, +0.42, 2.65%)

[10:04] {Threei} Bernstein suggests that TIVO could get a favorable settlement agreement from DISH Network after US appeals court affirmed ruling in Tivo's favor earlier this month.

[10:07] {Threei} FCX

[10:08] {Threei} Long Setup: FCX .90 half lot

[10:09] {Threei} stop under .80

[10:09] {KSystems} morning

[10:10] {Threei} wth

[10:10] {Threei} ks :)

[10:10] {Les} ready to short CAT

[10:10] {Threei} wow

[10:10] {Threei} no way

[10:10] {dino} cat last try s .10

[10:11] {nemo} pivot is .07

[10:12] {Threei} FCX rinse too

[10:13] {Les} CAT failed 200 ma support, yesterday's close. needs to hold .07

[10:13] {jfjf64} crazy mornin

[10:13] {nemo} fcx bounced right off pivot

[10:14] {RonS} clne rip

[10:14] {dino} mkt messed up

[10:14] {fernp} VRSN 27 break, Vad?

[10:15] {Threei} daily is perfect

[10:15] {nemo} FDX screaming short

[10:16] {fernp} ok

[10:16] {nemo} alright so it lied to me

[10:16] {dino} lol

[10:16] {Les} FDX getting pumped thru 50/200ma. .78 pivot reversal maybe?

[10:17] {nemo} worth watching

[10:17] {nemo} ow that's a stop

[10:17] {Les} cat

[10:18] {nemo} volumes dropping on fdx ascent

[10:19] {magoo} moprn

[10:19] {nemo} motrin

[10:19] {Threei} (US) Pres Obama: US economy may soon be adding jobs rather than losing them (related EUR/USD )

[10:20] {nemo} he's a guy you can trust

[10:20] {RonS} ya census

[10:20] {nemo} amanuensis

[10:21] {Les} aapl not favored today. whacky market

[10:22] {RonS} Vad, is PCX setting up for a run?

[10:22] {Threei} I doubt it

[10:22] {Threei} feels tired to me

[10:23] {Les} SLW b/d type 1?

[10:23] {Les} .31 break?

[10:23] {Threei} coin toss, IMO

[10:24] {Les} k

[10:24] {Threei} Ron, PCS can change if consolidates closely for a few min

[10:24] {Threei} and market spikes

[10:25] {Threei} PCX, sorry

[10:25] {Threei} GGP Judge notes he could delay by a few days the April 13 deadline for stalking horse bid hearing

[10:25] {Threei} stalking horse?

[10:26] {strider} HGSI

[10:27] {Threei} starts looking better, PCX

[10:27] {Threei} takeover rumors, strider

[10:27] {strider} THX

[10:29] {strider} CAT looking short now?

[10:29] {Threei} not really

[10:29] {Threei} nor long

[10:30] {fernp} MHP strong holding well on highs

[10:30] {dino} trades w/mkt

[10:31] {Threei} IMF: Group experts are in Greece, looking at banking issues, providing tech support

[10:31] {Threei} Greece has not asked for help with debt financing

[10:31] {Threei} - Have yet to disucess debt management issues with Portugal

[10:34] {Les} 1:1 SLW and out +.06

[10:35] {Threei} wtg

[10:35] {Les} 1.5k. sorta the limit for my pretend account. but does the job

[10:36] {Threei} wow, is market trying to have red day?

[10:36] {Threei} no way, it must have forgotten how to do that

[10:36] {Les} gdx sector falling hard

[10:36] {dino} big red coming

[10:37] {Les} fdx

[10:38] {Threei} Short Setup: GME .50 break

[10:38] {Threei} kind of lingering setup,

[10:38] {Threei} can shape up and invalidate a few times

[10:39] {Threei} so it's on continuing watch for a consolidation tight enough for a reasonable stop placement

[10:39] {Les} out fdx +.19

[10:39] {Threei} Generic Natural Gas futures hit lowest level since Sept 2009 following report of smaller than expected weekly draw on inventories (related UNG )

[10:40] {Threei} UNG is quite something

[10:40] {strider} stop .60 on GME?

[10:40] {Threei} if it sets up from here, yes

[10:49] {dino} cat cov .93, +.17

[10:53] {Threei} 50% Less Likely To Vote For Congress Member Who Supports Health Care Plan, 4% are more likely

[10:53] {Threei} 34

[10:54] {Threei} 51% of voters not affiliated with either major party are less likely to support someone who votes for the legislation. Just 32% of unaffiliateds are more likely to vote for someone who supports the bill.

[10:54] {Threei} what amzes me is how little sensitivity to all this stocks that seem to be the most influenced have

[10:55] {Threei} AET for instance

[10:55] {Threei} you'd expect it to swing wildly with each turn and twist of health care saga

[10:55] {dino} hl l jst .75

[10:56] {dino} jcg l .08

[10:59] {fernp} going to try ERTS .60 break

[11:08] {fernp} no go ERTS

[11:15] {strider} maybe the mastrmind did it.

[11:15] {Threei} (US) Congressional Budget Office (CBO) Adjusts estimates on health care bill's impact for deficit

[11:15] {Threei} - sees an added $20B net reduction in deficit from the possible reconciliation bill; from previously $118B reduction to $138B

[11:16] {fernp} AMZN breaking 132

[11:18] {RonS} today's best headline: Greece Gives Germany And European Union One Week Ultimatum (No, You Are Not Dyslexic)

[11:18] {fernp} lol

[11:19] {Threei} I saw similar line but saying "deadline", not ultimatum

[11:19] {Threei} that looked bad

[11:19] {Threei} this vcersion looks worse

[11:19] {Les} I think it's that or they go squealing to the IMF, which will embarrass the EU no end

[11:20] {Threei} EU will only be happy to kick this over to IMF

[11:20] {Les} you think Toyota's have a problem:

[11:20] {Threei} lol

[11:20] {nemo} what is this, Groundhog morning?

[11:21] {Les} http://miburl.com/V6ixhy

[11:21] {Les} now I've seen everything

[11:21] {RonS} J Paul Getty in the '60's: When you owe the bank $10k it your problem; when you owe them $10mil its theirs.

[11:22] {nemo} trump used that strategy quite effectivel

[11:22] {nemo} y

[11:22] {Les} GME roughly back into the zone

[11:22] {dino} .

[11:24] {Les} well I give up. nothing working.

[11:24] {nemo} Go have a drink les

[11:25] {Les} ah. GDX ain't going up

[11:26] {fernp} 1:1 AMZN

[11:26] {Threei} wow fern

[11:26] {Threei} you did find one working

[11:26] {Threei} I take a bow

[11:26] {fernp} lol

[11:26] {Threei} seriously... I think today is THE day

[11:27] {Les} reversal?

[11:27] {dino} gj

[11:27] {Threei} 5 weeks and 3 days with no losing days

[11:27] {nemo} go home Vad

[11:27] {Les} oh, you mean losing day. bummer

[11:27] {Threei} had to end at some point, didn't it

[11:27] {jfjf64} stop

[11:27] {nemo} Devil's Advocate

[11:28] {Les} fdx is in the green

[11:28] {Les} maybe 90 break?

[11:28] {Les} after consolidation

[11:28] {nemo} or it's going to drop from that level

[11:29] {RonS} dino, see anything w/ MOS?

[11:30] {Les} POT looks good. but large stop

[11:30] {nemo} Ron, I've got a support line drawn in her on MOS from a while ago

[11:30] {dino} following pot down is all i see

[11:31] {nemo} you've got two high volume canldes at this bottom...it's shaping up

[11:31] {dino} 60 strike

[11:32] {Les} nwpx down spike

[11:32] {nemo} huge bid at 60

[11:33] {Threei} SOMX

[11:33] {Threei} Somaxon Pharmaceuticals FDA Approves of Silenor (doxepin) for the Treatment of Insomnia

[11:33] {Threei} - approved the New Drug Application (NDA) for Silenor (doxepin) for the treatment of insomnia characterized by difficulty with sleep maintenance.

[11:33] {Threei} halte

[11:34] {nemo} bid moved up to 60.02

[11:34] {jfjf64} pot sellin

[11:34] {Threei} this is funny line

[11:34] {Threei} (GR) Greek PM: Pledges not to ask for financial assistance from the EU or the IMF

[11:35] {nemo} he can demand

[11:35] {Threei} if a dog looks at me with those moist hungry obedient eyes while I bite into my burger, is he asking?

[11:35] {nemo} yep

[11:35] {Threei} SOMX Reports Q4 -$0.08 v -$0.52 y/y, Rev is nil

[11:40] {Les} GME with a 5 cent stop?

[11:40] {Threei} too tight

[11:41] {dino} cnx stopped

[11:42] {Threei} that was fast, GME

[11:42] {Les} GME

[11:43] {Threei} (US) Hearing rumor of Fed plans for a discount rate increase (related EUR/USD TLT SHY )

[11:43] {Threei} this is what is killing market, IMO

[11:43] {Threei} ***Note that at the Jan 27 FOMC meeting, Kansas City Fed President Thomas Hoenig voiced his 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. At the 3/16 FOMC meeting, Hoenig once again dissented.

[11:43] {Les} what's that? the rate that banks borrow from the Fed?

[11:44] {Les} out GME +,11

[11:44] {Threei} yes

[11:45] {fernp} NVDA breaking lod

[11:45] {nemo} that must be part of why the $ is up

[11:45] {fernp} stop above .60

[11:47] {Threei} IA) Sec State Clinton: Without assurances from Iran in regards to its nuclear program, start up of the Busan nuclear plant would be premature

[11:47] {Threei} nemo, that and renewed EU/Greece tensions

[11:47] {nemo} that's the other "part"

[11:49] {nemo} huge offer .80 fcx

[11:49] {Threei} Notes that Iran starting up the Bushehr plant would send the wrong message.

[11:49] {Threei} - Earlier in the session, Russian PM Putin said Iran was planning to start up the Bushehr plant later this summer.

[11:52] {dino} yuii l .40

[12:00] {dino} jcg stopped

[12:03] {dino} s qqqq

[12:03] {dino} .62

[12:03] {fernp} out .41 NVDA +.08

[12:07] {Threei} Fed: do not comment on market rumors

[12:07] {Threei} - responding to inquiries about rumor circulating about another intra-meeting discount rate hike being planned.

[12:12] {Les} ty dino. out yuii +.09

[12:13] {Threei} GME nice slide

[12:14] {Les} bounce play in there?

[12:14] {Threei} not that I can see

[12:14] {dino} gj les

[12:15] {Les} just riding on back of your calls

[12:15] {Les} Vad, SLW .90 with .85 stop?

[12:16] {dino} careful w/,me today, lots of stops

[12:16] {Threei} with market help should work

[12:16] {Threei} dino, lots? stops is ALLI have today, lol

[12:17] {nemo} FDX just had a high volume bar at the bottom of a trend line, either going higher or breaking (then again might stay the same :))

[12:18] {strider} can you give us a few more options?

[12:18] {Threei} that's an input of extreme value{G}

[12:18] {nemo} :)

[12:18] {nemo} it was more to raise awareness because IHNFI what it was going to do

[12:19] {Threei} so, you raised our awareness of the fact that you HNFI?

[12:19] {nemo} both, in the event someone wanted to take action on a volume spike at the trend line

[12:20] {nemo} Actually...I thoughted provided more information than, "Well Vad, whaddya' think about FDX?" or "FDX vad?"

[12:21] {strider} NEMO, vad?

[12:21] {Threei} lol

[12:21] {strider} I'm thinking short.

[12:21] {nemo} I'm short already, physically impossible to go long

[12:23] {Threei} (US) US House Speaker Pelosi formally introduces a finalized health care bill

[12:24] {nemo} Mmmmhhh...MON volume up 43% and it's flatlined

[12:26] {RonS} can anyone explain why the selloff in PO and MOS is being attributed to the selloff in nat gas?

[12:26] {RonS} PO=POT

[12:26] {Threei} hmm?

[12:26] {nemo} lotta' offers getting hit on mos

[12:26] {Threei} who made this connection?

[12:27] {nemo} some moron headline writer?

[12:28] {RonS} TheFlyOnTheWall

[12:28] {Les} 1:1 SLW and out

[12:29] {Threei} mystery to me Ron

[12:29] {Threei} wtg Les

[12:30] {Les} ty

[12:31] {dino} gj les

[12:32] {Les} wfc 30 b/d?

[12:32] {Les} too late

[12:32] {Threei} well... yes

[12:32] {nemo} prescient 3i

[12:33] {nemo} ooops...sarcasm

[12:33] {Threei} :)

[12:33] {nemo} so unlike me

[12:33] {nemo} Lari's fault

[12:34] {Les} will see if futher short setup comes up. support at .90

[12:35] {nemo} feels like a down day and the DOW is still up

[12:36] {Threei} or short bounce les

[12:36] {Threei} it's back up into resistance

[12:37] {Les} gme

[12:40] {Threei} that was perfect second chance opportunity in WFC, conservative entry

[12:40] {Les} s .95

[12:47] {Les} out +.01. got too greedy

[12:47] {dino} qqqq cov -.10 sheesh

[12:51] {Threei} god

[12:51] {Threei} look who opened his mouth

[12:51] {Threei} (US) Former Fed Chair Greenspan: Increasing capital requirements for banks would be more effective than the new financial reform legislation

[12:51] {Threei} - notes some banks may need to boost their reserve capital by 40% (improve capital to 14% of assets from 10% prior)

[12:53] {dino} nwpx l .52

[12:55] {Threei} ROFL

[12:55] {Threei} Pelosi: some of bill would be paid by tax on unearned income

[12:55] {nemo} capital gains

[12:55] {Threei} I know... I just love the wording

[12:56] {nemo} I think she was a stockbroker at one time

[12:56] {Threei} if we tax unearned income, let's use it to pay for non-provided health care

[12:56] {dino} rino

[12:56] {dino} also rent, dividends etc

[12:57] {dino} latest not 2.9 but 3.8%

[12:58] {Threei} (US) White House's Gibbs: President Obama has postponed Asia trip until June

[12:58] {dino} plus bush tax cuts exp.

[12:58] {Threei} - rationale to focus on health care reform legislation

[12:58] {Threei} till June??

[12:58] {Threei} I thought it was this weekend or bust

[12:59] {dino} rino l .21 trig

[13:15] {dino} nwpx to .72

[13:16] {dino} mos interesting nemo

[13:16] {nemo} I was thinking about it break of .25

[13:17] {dino} was watching that too, took nwpx instead

[13:17] {dino} thionking db on

[13:17] {dino} nwpx stopped .69, +.17 slipped

[13:18] {nemo} migth bounce here

[13:18] {nemo} yep

[13:19] {nemo} look at that volume spike

[13:20] {nemo} market dropping too see what it does

[13:20] {dino} see it

[13:20] {nemo} could see a little inverse H&S form here.

[13:21] {dino} .45holds well

[13:21] {nemo} yep

[13:22] {nemo} of course, as soon as you type it

[13:22] {dino} hmmm

[13:22] {nemo} .40 is most important

[13:22] {dino} hmmm again

[13:24] {Threei} MNKD Hearing Griffin Securities makes positive comments (timing uncertain)

[13:24] {Threei} - Reiterates Buy rating and $26 price target (7.72, +0.23, 3.07%)

[13:26] {nemo} well it held H&S support so far

[13:26] {nemo} Inverted

[13:26] {nemo} but no volume

[13:30] {dino} took .40 mos l

[13:30] {nemo} nice

[13:32] {dino} nwpx was too tight

[13:33] {Threei} argh

[13:33] {Threei} forgot about SOMX

06[13:33] * nemo slaps Threei around a bit with a large trout

[13:33] {Threei} crap

[13:33] {nemo} now you sound like Les

[13:34] {dino} sm l chk .96

[13:35] {nemo} feels like market going to sell off towards the end of the day

[13:36] {dino} no feel, thought that earlier and was wrong

[13:36] {nemo} I'm talking later

[13:36] {nemo} maybe partial here on mos?

[13:36] {dino} i mean, i don't have any feel about it

[13:36] {strider} pheelings...

[13:36] {nemo} nothing more than....

[13:36] {dino} wants 60 imo

[13:36] {strider} nothing more than pheelings.

[13:37] {nemo} O gawd

[13:37] {RonS} feerrings...

[13:37] {nemo} where's my gun

[13:37] {nemo} chinese ron, or speech impediment

[13:37] {RonS} japanese karaoke

[13:37] {nemo} kewl, my next guess

[13:37] {larisa} lol

[13:41] {RonS} classic karaoke story: http://modeledbehavior.com/2010/02/06/frank-sinatra-filipino-karaoke-murders/

[13:42] {nemo} 200 ma is under .90 dino

[13:42] {dino} mos to .75

[13:42] {Threei} SOMX pick up momentum

[13:43] {dino} out +.35

[13:44] {nemo} :)

[13:44] {dino} ty

[13:44] {Threei} wtg

[13:46] {Threei} [13:34] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[13:46] {Threei} that'll show him

[13:46] {nemo} man bites dog

[13:46] {Threei} he better bail out Greece or else

[13:46] {nemo} verdammten Deutscher

[14:12] {Threei} this is really really rich:

[14:12] {dino} chbt

[14:12] {Threei} Alan Greenspan traces housing bubble to collapse of the Soviet Union

[14:12] {Threei} The fall of the Soviet Union led to hundreds of millions of workers entering the global marketplace, he said in a paper to be presented to a Brookings Institution conference.

[14:12] {Threei} This new market-based workforce, Mr. Greenspan said, helped push up growth in the developing world. This in turn fueled a global savings glut that drove down long-term interest rates, leading to an unsustainable boom in house prices, he said.

[14:13] {nemo} ?

[14:13] {nemo} frickin' commie bastids

[14:13] {Threei} ?

[14:13] {Threei} yeah, that's us

[14:13] {Threei} http://www.theglobeandmail.com/report-on-business/economy/alan-greenspan-traces-housing-bubble-to-collapse-of-the-soviet-union/article1504666/

[14:14] {Threei} here is one comment from readers that I can't help but love:

[14:14] {Threei} It is difficult to comprehend how Ann Rand was able to turn this dorky salesman into a Fed Chairman.

[14:15] {Les} i'm happy to see that this idiot has well and truly ruined himself

[14:15] {Threei} I second that

[14:15] {Les} perhaps congress might swallow such stupidity

[14:16] {nemo} that's the problem Les

[14:16] {Threei} I actively disliked him while he was at the helm

[14:16] {Les} his placed is sealed in the history books

[14:16] {Threei} glad to see it's catching up

[14:16] {nemo} market shaping up for a run north?

[14:17] {Threei} IMO, no, but I am so off today

[14:17] {jfjf64} good night all

[14:17] {Threei} slacker

[14:18] {jfjf64} lol

[14:20] {Threei} hey

[14:20] {Threei} I realized something

[14:20] {dino} cya jf

[14:20] {Threei} whose fault the fall of USSR was?

[14:20] {Threei} Reagan!

[14:20] {Threei} that who is to blame in housing crisis!

[14:23] {dino} wow, don't let obamination hear that, he'll stop blaming "w"

[14:28] {Threei} (GR) EU's Juncker: EU prepared to assist Greece if it is negatively impacted by market speculation (related NBG )

[14:30] {Threei} market loses sensitivity to this endless stream of EU/greece twists

[14:30] {Threei} doesn't measn it won't react when something happens,

[14:31] {Threei} just that it doesn't believe all the stories and sound bites anymore, after seeing how they change by minute

[14:33] {RonS} choo choo tannies...new high

[14:34] {RonS} tannies=trannies

[14:34] {Threei} MNKD... tough trader but .75 break seems to be legit trigger

[14:35] {dino} dow theory bull triggered yesterday

[14:35] {Threei} by transports?

[14:36] {dino} yes

[14:54] {RonS} x lod

[14:54] {Threei} SOMX momo

[14:58] {nemo} I'm outta' here P&Q

[14:59] {dino} cya nemo

[15:00] {larisa} bye nemo

[15:00] {Threei} take care nemo

[15:02] {dino} back in 10

[15:10] {Threei} watching SOMX anyone?

[15:10] {strider} am now.

[15:10] {Threei} where is magoo

[15:10] {Threei} this is so his play

[15:10] {jfjf64} y

[15:11] {Threei} and jf's, but jf has left

[15:11] {jfjf64} im here 7.00

[15:11] {Threei} no you left

[15:11] {Threei} 14:17] {jfjf64} good night all

[15:11] {Threei} [14:17] {Threei} slacker

[15:11] {Threei} [14:18] {jfjf64} lol

[15:11] {Threei} that's how I know

[15:11] {Threei} partial, jf...

[15:11] {Threei} if you are here

[15:11] {jfjf64} lol

[15:12] {Threei} this situation is 50/50 bteween continuation and filzzling out

[15:12] {Threei} well... 51/49

[15:12] {jfjf64} half out

[15:12] {Threei} if it fizzles out, it will pull back deeply,

[15:12] {jfjf64} was 2cents from being stoped

[15:13] {Threei} probably to around 6.60 or so, befofe bounce becomes more or less safe bet

[15:13] {Les} went long, lost on pullback here, don't like it. waiting for short opp.

[15:14] {Threei} don't by breakouts on momos

[15:14] {Threei} pullbacks only

[15:14] {Threei} breakouts work in early stage of momo movement only

[15:14] {Les} ok

[15:14] {jfjf64} all out

[15:14] {Threei} do this Les

[15:15] {Threei} when next momo comes around,

[15:15] {Threei} observe it from this point of view,

[15:15] {Threei} comparing breakouts and pullbacks

[15:15] {Threei} you'll get a good feel for this phenomenon,

[15:15] {Threei} how at the early stages breaks work nicely,

[15:15] {Threei} then each break becomes a trap,

[15:16] {Threei} while pullback entries work

[15:16] {Les} done

[15:19] {Threei} see the way it advances?

[15:19] {Threei} if you buy pullback, you can score, let's say 20 cents on a jump ober the next resistance

[15:20] {Les} l .37

[15:20] {Les} out +.10

[15:20] {Threei} but if you buy break of that same resistance, you may gewwt 5 cents, then it pulls back 15-20

[15:26] {Les} not shortable

[15:28] {Threei} see how 8 buyers get trapped?

[15:28] {Threei} and one more thing,

[15:29] {Threei} as you watch 8 scrolling,

[15:29] {Les} y

[15:29] {Threei} feel the strong temptation to join in?

[15:29] {Les} been there, done that

[15:30] {Threei} that's something to think about

[15:30] {Threei} this is your window into minds of others

[15:30] {Threei} if you feel this strong urge - this is what crowds feel

[15:30] {Threei} they act on this impulse,

[15:30] {Threei} and this is excatly the wrong thing to do

[15:31] {Threei} use your own emotions as a window into the collective mind of the crowd

[15:32] {Threei} now as early 8 bueyers got scared and shaken out by fast and furious drop, it returns back to 8

[15:32] {Threei} rewarding pullback buyers

[15:34] {fernp} good observation Vad ty :-)

[15:35] {Threei} always... if not profits, I can at least provide some educational value on a day when I can't trade my way out of wet paper bag

[15:36] {Threei} on personal trading side, I did dig myself out of hole thanks to SOMX... but didn't dare to call it

[15:36] {dino} my streak ends today

[15:36] {Threei} yours too?

[15:36] {dino} yeah, morning rinsed to death

[15:36] {dino} had 13 in row

[15:36] {Threei} yup, same here

[15:36] {Threei} yecchh

[15:37] {Threei} had 3, and stopped pressing

[15:37] {fernp} hey!! i am 3 out of 3 FAZ, AMZN and NVDA applying what you have taught me

[15:37] {dino} days not rinses, 5 rinses

[15:37] {fernp} :-)

[15:37] {dino} gj fern

06[15:38] * Threei slaps fernp around a bit with a large banner saying "How dare You

[15:38] {fernp} ty dino

[15:38] {fernp} sorry Vad, sorry

[15:38] {Threei} sin no more

[15:42] {dino} live in sin, c'mon in

[15:45] {Les} nice vad. been scalping .40 pullbacks. pulling me out of my hole as ell

[15:45] {Les} well

[15:45] {Threei} there you go :)

[15:46] {Threei} education paid right away

[15:47] {Threei} deeper pullback is coming this time, IMO

[15:47] {RonS} dang...fdx

[15:47] {Threei} or no pullback at all, lol

[15:48] {Les} only game in town

[15:48] {Threei} pretty much

[15:52] {Threei} sheesh

[15:52] {Threei} magoo will cry tomorrrow like baby

[15:52] {Threei} or today, if I send him an e-mail with SOMX chart

[15:53] {fernp} good evening everybody. See you all tomorrow

[15:53] {Threei} take care fern

[15:53] {Les} ciao

[15:55] {larisa} lol

[15:55] {Threei} non-stop

[15:55] {dino} out jst .05, all dayer +.30

[15:55] {Threei} good to finish day with winner

[15:56] {dino} helps

[15:56] {Les} damn. tried a .50 break. jumped 25 cents

[15:57] {Les} voila. got my last 10 cents from it

[15:57] {Threei} lol

[15:57] {Les} ten is top?

[15:57] {Threei} 3 min left

[15:59] {Les} market modest enough to finish a tiny bit red

[15:59] {Threei} SPY onlu

[15:59] {Threei} the rest is green

[15:59] {Les} right

[16:00] {Threei} thank you asall

[16:00] {larisa} bye all :)

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {Les} thank you. ciao all

[16:00] {larisa} asall does not sounds too good vad

[16:01] {Threei} hmm

[16:01] {Threei} I guess not, lol

[16:01] {larisa} :)