Aug 25 2009

Beautiful day with a few scalps and a few bigger plays: AIG, notably HGSI for 45 cents and MTXX. No complains at all.

Session Time: Tue Aug 25 00:00:00 2009

[08:36] {bluejet} gm

[08:36] {Threei} Good morning

[08:46] {fernp} good morning everybody

[08:46] {Threei} fern :)

[08:55] {Threei} US) President Obama: Confirms speculation that he will endorse current Fed Chairman Bernake for second term

[08:56] {Threei} - States that Bernake has helped to prevent a second great depression

[08:56] {Threei} never mind that first he helped to create the threat

[09:00] {Threei} JUN S&P/CASESHILLER-20 Y/Y: -15.44% V -16.4%E; HOME PRICE INDEX: 141.86 V 139.84 PRIOR

[09:01] {Threei} NANO Announces Multiple Purchase Orders for Caliper Mosaic Overlay and Atlas OCD Metrology Systems from Leading Memory Customer (5.26, 0.00, 0.00%)

[09:03] {Threei} Fed's Bernanke: pledges to do his utmost to promote an environoment of growth and prosperity

[09:03] {Threei} - Fed has been challenged by the events of the last several years.

[09:08] {magoo} morning

[09:09] {Threei} mags :)

[09:09] {magoo} big gap hgsi

[09:09] {larisa} gm :)

[09:09] {Threei} no news

[09:09] {Threei} larisa :)

[09:17] {cosmo} COCO firming?

[09:18] {cosmo} 19.11 lod so far

[09:21] {dptl} good morning

[09:22] {Threei} cosmo, dp :)

[09:23] {cosmo} :)

[09:28] {dino} gm all, ed's popping

[09:29] {Threei} dino :)

[09:29] {Threei} watching BCRX for possible continuation of momo

[09:29] {Threei} HGSI

[09:30] {Threei} FRE/FNM

[09:30] {Threei} ACOR Confirms Date of FDA Advisory Committee Review of Fampridine-SR for Improvement of Walking Ability in People with MS

[09:30] {Threei} - Reminder: On Aug 24 -FDA advisory panel has reportedly scheduled a review for multiple sclerosis d... (22.97, 0.00, 0.00%) more...

[09:32] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T

[09:32] {Threei} - See possibility of broader deficit levels on the back of a weaker economy

[09:32] {nemo} duh

[09:34] {Threei} Long Setup: BCRX .60 break half lot

[09:34] {Threei} if stays above .40

[09:35] {Threei} FNM, pullback just under 2 is interesting for wentry

[09:35] {nemo} whoa, bcrx

[09:37] {Threei} Long Setup: FNM 2 break if stays above 1.95

[09:37] {magoo} in .99

[09:39] {Threei} Long Setup: AIG on pullback to near .10

[09:39] {cosmo} COCO pre mkt high = 20 fwiw

[09:40] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T

[09:40] {Threei} - See possibility of broader deficit levels on the back of a weaker economy

[09:40] {Threei} oops, wrong one

[09:40] {Threei} (US) Karl Case: "The boat has turned" for US housing - radio interview (related XHB )

[09:41] {cosmo} turned over?

[09:41] {Threei} FNM no worky

[09:41] {fernp} C Vad?

[09:41] {Threei} BAC looks more promising to me fern

[09:41] {fernp} ok

[09:42] {Threei} Preview: Q2 and Jun US House Price Index due out at 10amET

[09:42] {Threei} **consensus expectation

[09:42] {Threei} - Jun (MoM): 0.4%e v 0.9% prior (estimates range between 0.0% to +0.6%)

[09:42] {Threei} - Q2 QoQ: -0.4%e v -0.6% prior

[09:42] {Threei} comwe on AIG, a bit more

[09:43] {Threei} Long Setup: BAC .70 if stays above .60

[09:44] {magoo} HGSI strong

[09:44] {Threei} in AIG

[09:45] {Threei} 1:2

[09:45] {Threei} out

[09:45] {Threei} that was easy money

[09:45] {Threei} laid out well in advance

[09:46] {nemo} use Getco?

[09:46] {Threei} no

[09:46] {Threei} it moves a bit too fast and I didn't want to miss it

[09:46] {Threei} BAC, I did

[09:46] {magoo} out bac .78 TY

[09:46] {magoo} 3k

[09:46] {Threei} BAC 1:1

[09:48] {Threei} anyone got AIG on that beautiful drop right into entry??

[09:48] {magoo} missed..where u take it

[09:48] {nemo} magoo missed

06[09:48] * nemo faints

[09:48] {Threei} 34.10

[09:49] {fernp} no. and missed BAC

[09:49] {magoo} nice

[09:49] {magoo} read on HGSI boss?

06[09:49] * Threei sends coffee to entire room

[09:50] {magoo} BCRX

[09:50] {Threei} none here mags

[09:50] {cosmo} add two shoys here

[09:50] {nemo} coffee???

[09:50] {cosmo} shots

[09:50] {nemo} yeah..gray goose...ketel1

[09:50] {Threei} you guys are confused... we make money, THEN fall asleep

[09:50] {Threei} not the other way around

[09:50] {nemo} oh yeah, look at BCRX nice dip in price and volume

[09:51] {Threei} that's unless you possess the skill to make money in your sleep of course

[09:51] {cosmo} mutual funds do that ...i think

[09:52] {Threei} BCRX, .40 break was setup... I hesitated seeing how it misbehaved earlier

[09:53] {nemo} did it misbehave, or just follow the market?

[09:53] {Threei} I don't think it has much to do with market at this point, momo is too fresh

[09:56] {magoo} HGSI vad

[09:57] {Threei} mags, there are no technicals to it

[09:57] {magoo} i know

[09:57] {magoo} has ythe look

[09:57] {Threei} what do youy want from me, to call it a momo? :)

[09:57] {Threei} it is

[09:57] {magoo} cranky

[09:57] {magoo} ud be a hero if u did

[09:58] {Threei} it has 20 look

[09:58] {Threei} catch a pullback

[09:58] {fernp} LTD interesting daily breakout

[09:59] {nemo} rimm forming symmetrical triangle

[10:00] {Threei} AUG CONSUMER CONFIDENCE: 54.1 V 47.9E

[10:02] {fernp} out LTD +.28

[10:02] {Threei} wtg

[10:03] {fernp} ty

[10:03] {Threei} is it me or quotes just died?

[10:03] {dptl} laser..out

[10:03] {nemo} check your pulse

[10:03] {nemo} laser fine for me

[10:04] {larisa} fine here

[10:04] {nemo} canucks

[10:04] {Threei} our route then dp

[10:04] {Threei} ploy against Canada

[10:04] {nemo} commie bastards

[10:04] {Threei} back up now

[10:05] {Threei} and I was wondering how come fern profited form a stock that doesn't move, lol

[10:05] {fernp} lol

[10:07] {dino} scanners red fwiw

[10:12] {Threei} JUN HOUSE PRICE INDEX M/M: 0.5% V 0.4%E

[10:12] {Threei} - Q2 House price index Q/Q: -0.7% v -0.4%e

[10:12] {Threei} - Prior MoM revised to 0.6% v 0.09% prior

[10:12] {Threei} - Home prices -5% in 12 months ended in June

[10:15] {dino} sm s pwrd .80

[10:15] {wulff} like BCRX short

[10:15] {dino} bstop .06

[10:21] {Threei} Long Setup: HGSI .65 if stays above .50

[10:22] {magoo} i

[10:23] {dino} pwrd bstop to b/e

[10:23] {dino} to .70

[10:23] {dino} mkt bounce

[10:24] {Threei} wow

[10:25] {Threei} stubborn seller at .65

[10:25] {dino} cov .50, +.30

[10:25] {Threei} got steamrolled finally

[10:27] {dino} strange, china -2.5% china amer. listed up

[10:28] {Threei} 1:1 is close enough for partial, HGSI

[10:28] {Threei} market reversed down, let's not be too anal-retentive about couple cents

[10:28] {Threei} me half out and stop to under .60 for the balance

[10:30] {fernp} ty HGSI, Vad

[10:30] {Threei} :)

[10:36] {Threei} 1:2

[10:36] {Threei} me out and happy

[10:36] {dino} back in 30 or so, r.e. issues

[10:37] {Threei} you and whole country, dino

[10:37] {dino} buying today

[10:37] {magoo} internet crasjh

[10:37] {magoo} i here?

[10:37] {Threei} yes

[10:39] {Threei} did HGSI for 1:2 mags?

[10:39] {magoo} still in..just got running

[10:39] {Threei} ok... I am out

[10:39] {Threei} wulff... shorted your BCRX?

[10:40] {wulff} missed

[10:40] {wulff} might redo

[10:41] {magoo} out hgsi

[10:41] {magoo} ty vas

[10:46] {magoo} vad..lets watch hgsi vad another bounce

[10:48] {magoo} vasilee?

[10:49] {magoo} [10:41] {magoo} ty vas

[10:49] {Threei} sigh

[10:50] {Threei} you reely shool hav taken lesons from my typin teeecheer

[10:53] {magoo} i took the speed cousrres

[10:53] {magoo} lkdzxfnfdslk

[11:01] {nemo} this is feeling like yesterday...which means it won't be

[11:24] {dino} back

[11:24] {nemo} happy day

[11:25] {dino} bidding, we'll know in a week

[11:25] {nemo} where is it?

[11:26] {dino} ne pa, foreclosure

[11:26] {nemo} multi or single?

[11:26] {dino} single, 2200 sq, 2 story

[11:27] {dino} enough tho, time to trade

[11:28] {dino} ouch npwz

[11:28] {magoo} HGSI

[11:36] {patience} .

[11:36] {Threei} good point

[11:38] {Threei} not to put too gine point at it, but I'd really like to point out how good the point is, and do so in a pointed fashion

[11:39] {dino} point well taken

[11:40] {nemo} I think I prefer him in a coma

[11:40] {Threei} {patience} at what point did I subject myself to this, and what's the point of aall this?...

[11:41] {nemo} oh great, meaning of life questions

[11:44] {Threei} lol

[11:44] {Threei} Credit Suisse Raised 036570.KS to Outperform from Underperform

[11:44] {Threei} good... how do we trade THAT?

[11:44] {nemo} 3.1416

[11:45] {dino} neu up to games again

[11:45] {Threei} European Aeronautic Defence & Space Co. WTO reportedly come to conclusion on case over EU aid to Airbus on Sept 4; results will not be immediately available to public - unconfirmed report

[11:45] {Threei} - US was complaining about the aid Airbus receives from countries in Europe

[11:46] {Threei} that's something to potnetially impact BA, no?

[11:46] {nemo} that will be until Boeing goes for a bailout

[11:46] {nemo} ooohhh....great minds

[11:46] {Threei} frightening thought

[11:46] {nemo} yeah...for you

[11:46] {Threei} well, .60 for BA...

[11:47] {Threei} break point with .50 as support

[11:47] {nemo} news may have already been out, look at the stock today

[11:47] {Threei} just looking at the chart

[11:47] {Threei} not going off news

[11:48] {Threei} news is meaningless since they don't disclose the decision anyway

[11:49] {dino} ba complaining because they have problems keeping the wings on their dreamliner

[11:50] {dino} wcn drop

[11:52] {dino} not enough

[12:07] {nemo} ag popped

[12:07] {larisa} AIG HGSI woke up

[12:07] {Threei} like someone pushed momo button somewhere

[12:08] {Threei} is BCRX next?

[12:08] {nemo} had nice formation on both 1 an 5 minute

[12:08] {Threei} FDA reportedly creating a panel for Tobacco oversight

[12:08] {Threei} - Reminder: in June US Congress granted the FDA approval to regulate the tobacco industry

[12:09] {Threei} 75% Worried That Gitmo Closing Will Set Dangerous Terrorists Free

[12:09] {Threei} other 25% think they are rehabilitated?

[12:10] {nemo} so conservatives think they're dangerous and liberals think they're rehabilitated

[12:11] {Threei} HGSI is determined to get to that 20

[12:11] {Threei} and probably higher

[12:11] {dino} neu taunting me

[12:12] {Threei} that's magoo in dusguise, dino

[12:12] {dino} lol, no he just pisses me off

[12:12] {Threei} rofl

[12:13] {Threei} let's see wqhere HGSI bottoms out

[12:13] {dino} missed svr short at 19.48, only hit .41

[12:13] {Threei} to staructure breakkout setup

[12:14] {Threei} Long Setup: HGSI .50 break

[12:14] {nemo} popped at the same time aig did

[12:14] {magoo} in .16

[12:14] {Threei} I guessed as much mags

[12:14] {magoo} i take more .50 break

[12:14] {Threei} AIG

[12:15] {Threei} this pullback is attractive

[12:15] {magoo} as attractive as dino?

[12:15] {dino} not possible

[12:16] {nemo} oy

[12:16] {dino} :)

[12:18] {fernp} .35 invalidate HGSI?

[12:18] {Threei} .30 - .35, yeah

[12:18] {Threei} gotta give it a little leeway for its natural volatility

[12:19] {magoo} id take HGSI on pllbkn

[12:19] {Threei} Long Setup: AIG .20 if sdtays above .10

[12:19] {magoo} its going over 20or my name isnt vasilee

[12:19] {Threei} I see what you mean dino... {G}

[12:20] {Threei} come on HGSI

[12:20] {Threei} break

[12:20] {Threei} you want it badly

[12:21] {nemo} shwoa

[12:21] {magoo} took more

[12:21] {magoo} .50

[12:21] {magoo} i got millions

[12:22] {magoo} of shares that ois

[12:22] {magoo} is truilliond

[12:22] {fernp} out TY Vad

[12:22] {Threei} :)

[12:26] {Threei} half out for me here

[12:26] {Threei} .76

[12:26] {magoo} .87 here looking for

[12:26] {Threei} offering balance at .95

[12:28] {magoo} out .81

[12:28] {magoo} changed mind

[12:28] {magoo} will reenter most proprieably

[12:28] {jmb} Thanks Vad

[12:29] {Threei} welcome

[12:30] {Threei} direct hit

[12:30] {Threei} out +.43

[12:30] {Threei} rare case where momo mover gave purely technical setup

[12:31] {Threei} look at 1 min, .50 break

[12:31] {Threei} picture perfect

[12:31] {magoo} nice one boss:)

[12:34] {magoo} vad./.we make goodf team sometimes...so pass over the vodka

[12:34] {Threei} sure thing

[12:35] {Threei} just make sure nemo is nowhere around, or we will have to fight him for each shotglass

[12:35] {nemo} yep

[12:35] {Threei} and watch dp waking up

[12:36] {magoo} MTXX

[12:36] {Threei} MTXX Strength attributed to speculation the Co. could receive a favorable determination on Zicam from the FDA

[12:36] {Threei} - reminder: in June the company conducted a voluntary recall of Zicam cold remedy nasal gel and gel... (5.64, +0.58, 11.46%) more...

[12:37] {dino} i remember that trade, painful

[12:37] {Threei} yeah, loss of smell

[12:39] {Threei} HGSI

[12:39] {Threei} back into support for bounce

[12:40] {Threei} MTXX has it

[12:40] {Threei} watch it to get a feel for these patterns

[12:41] {magoo} going vertical

[12:41] {Threei} how deep pillbacks are, how it acts after breaks

[12:41] {Threei} buold your idea of the way to play momos

[12:41] {Threei} as I said before, we will have more of these

[12:41] {Threei} so use these early birds to study

[12:42] {Threei} the idea here is, in most cases I won't be able to call exact entries on thewm

[12:42] {Threei} it's rare case when they form such perfect setups as HGSI just did

[12:43] {Threei} so, as soon as we identify a stock as momo play, you need to be able to observe it jst briefly in order to come up with the way to play it,

[12:43] {Threei} and it requires watching them for a while to get a feel for them.

[12:43] {Threei} Then we all will be like many little magoos

[12:44] {Threei} (dino is frightened by this perspective but what can we do...)

[12:45] {Threei} rofl... see the post by Laser admin?

[12:45] {Threei} one more in bad need of typing lessons...

[12:45] {dino} show me the exit

[12:45] {larisa} was wondering why they calling me dude :)

[12:45] {Threei} lol larisa..

[12:45] {Threei} hehe dino

[12:45] {Threei} 12:44:19 ADMIN37 --} (All): Dude to system problem...

[12:46] {larisa} did you play HGSI off .60 ?

[12:46] {dino} sometimes i feel unappreciated

[12:47] {Threei} no larisa, but not for trading reasons

[12:47] {Threei} dino... sometimes? you are lucky one

[12:49] {Threei} Las Vegas median home price fell to $130K in July

[12:49] {magoo} yea..its hard being magoo

[12:51] {dino} scanners going red

[12:51] {Threei} there is an auction result to be announced

[12:51] {Threei} at 13:00

[12:51] {Threei} one of those larisa...

[12:52] {Threei} that we never know how to interpret

[12:52] {dino} glv

[12:52] {nemo} so, watch tbt, tlt, fas, faz?

[12:54] {dino} or tv

[12:54] {nemo} don't quit your day job

[12:56] {dino} lol

[12:56] {nemo} tbt and fas falling interesting

06[12:58] * magoo slaps Threei around a bit with a large trout

[13:01] {Threei} TREASURY'S $42B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.68 V 2.75 PRIOR AND 2.63 AVE OVER LAST 10 AUCTIONS

[13:01] {Threei} - indirect bidders take % of competitive bids

[13:01] {nemo} it's 1:01 Vad, wheres the news

[13:01] {nemo} cool

[13:02] {Threei} indirect bidders take 49.4% of competitive bids

[13:02] {Threei} - notes draw 1.119% with %92.3 alotted at th

[13:02] {nemo} oh, notes...no big deal

06[13:02] * Threei slaps nemo around a bit with a large rock with Be Patient! sign carved on it

06[13:03] * magoo slaps Threei around a bit with a large trout

[13:03] {magoo} .

[13:03] {dino} cisg sm s .38

06[13:08] * nemo pulls the granite chunks out of his ear

[13:17] {magoo} im writing a book.."the games, the foolery..the lies..of the modern market"

[13:18] {Threei} I will be happy to read it - providing our typing teacher approves it first

[13:18] {magoo} a day in the life of a modern daytrader

[13:21] {Threei} Chapter 1: Coffee

[13:21] {Threei} Chapter 2: Vodka

[13:21] {Threei} Chapter 3: Coffee with Vodak

[13:22] {Threei} Chapter 4: Vodka with Coffee

[13:22] {nemo} Chapter 5: Bathroom Visit

[13:22] {nemo} Vad, you kick the plug

[13:22] {magoo} chapt 6: alarm clock wakes u up

[13:23] {Threei} Citigroup Inc US Judge dismissed class action lawsuit against company; allows amendment to complaint by plaintiffs

[13:23] {Threei} - Suit alleged Citigroup caused its stock to plunge by making risky investments in subprime mortgages which led to large writedowns.

[13:31] {dino} ahhh, it's jamisons' w/coffee

[13:33] {nemo} amazon closes gap

[13:35] {nemo} oil sees some profit taking

[13:35] {Threei} the more the merrier

[13:35] {Threei} may we see profit taking all the way down to 30?

[13:36] {nemo} depends on how much profit taking we see on the $

[13:39] {magoo} hg seems detemined

[13:41] {dino} cisg bstop to .31 stuck

[13:42] {dino} igk drop

[13:42] {dino} aef too

[13:48] {Threei} Opinion (and we know what they say about those):

[13:48] {Threei} As a percentage of GDP current national debt is at about the same level as it was during the Eisenhower administration. This is not good but the U.S. has managed much higher debt levels in the past (120% of GDP during WWII) and other countries have rebounded from much worse debt situations in recent history.

[13:56] {magoo} drilklung HGSI vad

[13:56] {nemo} WHAT???

[13:56] {Threei} I am sorry... HGSI does WHAT??

[13:56] {nemo} So it isn't just me

[13:56] {magoo} drilling ROFLOL

[13:56] {Threei} no, not this time anyway

[13:56] {nemo} or killing?

[13:57] {nemo} what, you Swedish or somethin'

[13:57] {Threei} GOOG YouTube to begin insertion of ads on popular user generated videos; to share revenue with uploaders - CNBC

[13:57] {dino} fwiw, japans' debt is much higher percentage. doesn't matter until it does, imo

[14:00] {nemo} yeah, I've been a victim of those youtubes

[14:03] {dino} did cisg get wide or what

[14:03] {dino} hmm not now

[14:03] {dino} was just .08-.21

[14:10] {Threei} didn't watch it at the moment, but it's so thin, can do it easily

[14:12] {dino} cov cisg .25, +.13

[14:13] {Threei} 79% Know Someone Out of Work and Looking for Employment

[14:13] {Threei} the rest 21 live deep in the forrest and never meet another human being

[14:15] {nemo} RIMM FCX DBs?

[14:16] {Threei} RIMM, .50 break is valid attempt

[14:16] {Threei} if holding .35

[14:17] {Threei} FCX .85

[14:17] {Threei} if holding .70

[14:17] {Threei} I am not overy enthusiastic about either

[14:17] {Threei} not because I don't like them...

[14:17] {nemo} no, everything so slow, charts look good

[14:17] {Threei} it;s just not very compelling

[14:19] {magoo} MTXX keeps going

[14:21] {Threei} RIMM 1:1

[14:22] {nemo} would have been...you didn't give it the Vad seal of approval

[14:22] {Threei} shrug

[14:22] {Threei} you likey - you takie

[14:22] {Threei} I said, it was valid

[14:22] {nemo} not compelling

[14:22] {Threei} and my personal preference was to stay in coma

[14:23] {Threei} MTXX is likely to contunue

[14:23] {Threei} .55 breakl has some resemblense of a setup

[14:25] {dino} aef l .66

[14:25] {magoo} i took hgsi long .55

[14:25] {magoo} oops .60

[14:37] {dino} stopped -.16

[14:43] {Threei} if willing to start trying,

[14:43] {Threei} MTXX .40 break

[14:43] {Threei} with stop under .30

[14:44] {dino} intu l .20

[14:47] {dino} svr

[14:51] {Threei} over 1:1

[14:51] {jmb} Thanks Vad

[14:51] {Threei} welcome

[14:51] {Threei} 1:2

[14:59] {dino} zzzzzzzzzzzzzzzzzzzz

[15:06] {dino} hl l igk .75

[15:16] {wulff} have you noticed that alot of the moves are coming during the lunch hour

[15:16] {nemo} gotta' go...look at that beautiful rimm volume spike at 2:39

[15:17] {Threei} some of momo moves yes wulff

[15:22] {wulff} WFC short into close?

[15:24] {Threei} I wouldn't

[15:29] {Threei} kept last 300 shares of MTXX in case of last minutes run

[15:29] {Threei} out at .78

[15:30] {dptl} have a good evening all

[15:30] {Threei} take care dp

[15:30] {Threei} ALTH

[15:30] {Threei} ALTH CEO: Hoping for a Sept 24 Pralatrexate approval by the FDA in treatment of peripheral T-Cell lymphoma

[15:30] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a m... (7.94, -0.04, -0.50%) more...

[15:31] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a marketing partnership

[15:31] {wulff} 1:1 on ficticious WFC

[15:32] {larisa} vad needs to work on exits, high on HGSI 19.98 and exit was at .95, now MTXX .78 when high is .79 :) so not perfect

[15:33] {Threei} I pride myself in having beauty fly

[15:33] {Threei} little flaw that just underlines the perfection

[15:34] {dino} sometimes we expect too much

[15:34] {Threei} MTXX should have another run in it...

[15:35] {Threei} The Goldman Sachs Group Inc Ticking lower after reports of Mass AG subpoena over dissemination of 'trading tips'

[15:35] {Threei} - Earlier in the week press reports indicated regulatory bodies were looking into how GS disseminated information in 'trading huddles' to select clients

[15:45] {Threei} MTXX becomes ahrd to resist, lol

[15:45] {Threei} very good day, don't want to spoil it

[15:45] {Threei} but such pullback...

[15:46] {dino} out intu .30, +.10

[15:46] {Threei} wow, .79 is really the top

[15:50] {fernp} good evening all. see u tomorrow

[15:50] {Threei} take care fern

[15:52] {dino} cya fernp

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

[15:54] {Threei} making myself to leave before I put a flaw in this day :)

[15:54] {Threei} have a great evening, see you tomorrow

[15:54] {dino} cya 3i

[15:54] {larisa} bye:)

[15:59] {dino} out igk .70 -.05

Aug 24 2009

Not bad start for the week with a few scalps, and couple small stops. BCRX momentum play didn't hurt either.

Session Time: Mon Aug 24 00:00:00 2009

[08:31] {Threei} CPST Receives Order for Three C800 Microturbines for Brazilian Wastewater Treatment Plant

[08:31] {Threei} - The total order value is in excess of two million dollars and is the first sale of Capstone C800 m... (1.02, 0.00, 0.00%) more...

[08:31] {nemo} a whole 3

[08:46] {Threei} what

[08:47] {Threei} s with RTK

[08:47] {Threei} I don't see any news

[09:01] {KSystems} Hello :)=

[09:01] {Threei} KS :)

[09:01] {nemo} Gruess dich

[09:02] {cosmo} MELA: Electro-Optical shares could rise 50 pct - Barron'sat Reuters(Sun 1:14pm)

[09:03] {cosmo} If approved by the FDA, the handheld MelaFind device made by Electro-Optical Sciences will revolutionize the way patients are screened for skin cancer.

[09:04] {fernp} good morning everybody

[09:04] {cosmo} pre mkt high = 10 so far

[09:04] {Threei} cosmo, fern :)

[09:04] {cosmo} :)

[09:05] {Threei} so, sock jumps on suggestion about what could happen if FDA approves

[09:05] {Threei} stock too

[09:06] {cosmo} fickel....huh?

[09:06] {nemo} fickle even

[09:07] {Threei} I just wonder where it would be trading now if article suggested where it would be headed if FDA says no,

[09:07] {Threei} and if article gave both scenarios

[09:10] {dptl} good morning

[09:10] {Threei} dp :)

[09:13] {magoo} mornink comrades {an oldie lol}

[09:13] {nemo} da

[09:13] {Threei} magoo :)

[09:13] {Threei} AIG has 35 in sight again

[09:14] {magoo} AIG vad

[09:14] {Threei} RTK traded at 2.40 earlier

[09:14] {magoo} if gets thru and momo..38 possible

[09:14] {Threei} 2.55 area is break level

[09:14] {magoo} any news on AIG?

[09:15] {Threei} Yesterday 22:03 AIG Taiwan's ChinaTrust may partner with funds in Japan to bid for Nan Shan Life Insurance unit - Commercial Times

[09:15] {Threei} - Further details not disclosed

[09:16] {magoo} vad, lets follow it..dont want to miss another rip up

[09:16] {Threei} Sunday, August 23, 2009 8:55:51 PM

[09:16] {Threei} FT looks at how government investments in financial companies have performed

[09:16] {Threei} - The UK government is carrying the biggest losses among governments on their bailouts.

[09:16] {Threei} - US government has paper profits of about $11B from its stake in Citigroup.

[09:16] {Threei} - Also, the Swiss government has profited from its stake in UBS.

[09:16] {Threei} - Governments that have acquired equity stakes in listed banks in the past 12 months are carrying combined losses of $10.8B

[09:16] {Threei} - The UK government is carrying a loss of 3.3B.

[09:16] {Threei} what to follow... 35 break is obvious long trigger,

[09:17] {Threei} problem is risk is way higher than anyh normal call carries

[09:17] {Threei} ACOR FDA has reportedly scheduled a review for multiple sclerosis drug on OCt 14 (23.61, 0.00, 0.00%)

[09:18] {magoo} yea..agree...so lets make it clear now its a risky as hex call..

[09:18] {nemo} so...it's a "Magoo"

[09:19] {nemo} Hi Lari

[09:20] {larisa} gm :)

[09:20] {Threei} larisa :)

[09:21] {larisa} :)

[09:27] {magoo} LVS vad

[09:28] {nemo} aig broke 35

[09:28] {Threei} no news

[09:28] {cosmo} mela

[09:28] {dino} gm all

[09:28] {Threei} dino :)

[09:28] {cosmo} may want 10

[09:28] {cosmo} ...may not...

[09:28] {nemo} may too

[09:30] {cosmo} testing

[09:30] {nemo} you there cosmo

[09:30] {cosmo} in a sence...

[09:30] {nemo} seance?

[09:31] {cosmo} soon maybe

[09:31] {cosmo} :)

[09:31] {nemo} get some lottery numbers

[09:31] {cosmo} 10

[09:31] {Threei} Long Setup: RTK .40 break

[09:31] {Threei} if stays above .30

[09:31] {Threei} AIG sharp dive

[09:32] {Threei} this bar shows just how risky it is

[09:32] {Threei} Long Setup: FITB .13

[09:33] {Threei} if stays above .05

[09:37] {Threei} Long Setup: WFC .40 break

[09:37] {Threei} if stays above .30

[09:44] {nemo} db on FITB?

[09:45] {Threei} Long Setup: AIG .55 break half lot

[09:45] {Threei} if stays above .40

[09:46] {Threei} 1:1 in half second

[09:49] {Threei} OK WFC

[09:49] {Threei} it's time

[09:52] {cosmo} brcd

[09:52] {cosmo} .95 hod

[09:54] {dino} sm l pwrd .50, stop .19

[09:55] {fernp} ty WFC

[09:55] {Threei} 1:1, half out

[09:56] {Threei} stop to under .40

[09:58] {Threei} scalpers win

[10:00] {bluejet} vad, i download mirc. how do i join your room from mirc?

[10:00] {Threei} please ask KSystems for help

[10:00] {dino} tleo

[10:00] {nemo} gotta know the secret handshake

[10:01] {Threei} there is instructions on the website

[10:01] {Threei} try that first

[10:01] {Threei} if no go, KSystem is your guy

[10:01] {Threei} unless he doesn't like you personally for some reason...

[10:02] {bluejet} let me try

[10:02] {Threei} found the instruction?

[10:03] {Threei} Long Setup: BC .70 if stays above .55

[10:04] {nemo} this thing has been on a monster run

[10:07] {cosmo} brcd tests

[10:07] {Threei} AIG is holding up there so stubbornly

[10:08] {dino} sm risky, s tleo .40

[10:09] {dino} bstyop is .73

[10:12] {dino} tleo stopped, animal

[10:13] {dino} dumb stop area should have been .76

[10:22] {dino} ntap l .70, stop .59

[10:28] {magoo} FNM FRE moving

[10:29] {Threei} I don't see any news

[10:29] {fernp} FITB stop is still under .05?

[10:29] {nemo} they've been moving big the last couple of weeks

[10:29] {Threei} discretionary... hard to tell

[10:30] {Threei} this is explosive move right now

[10:30] {Threei} it's caused by something

[10:30] {Threei} not just general market

[10:33] {wulff} I hold HGSI for two weeks, sell it this morning and ....

[10:33] {dino} neu

[10:34] {nemo} well, there was that Craig Ventner news over the last few days wulff

[10:39] {Threei} HGSI Hearing takeover chatter circulating

[10:39] {Threei} - Glaxo rumored as potential acquirer with price chatter around $30 (16.75, +0.30, 1.82%) (related GSK )

[10:42] {nemo} aig, huge block at .40

[10:45] {nemo} broke the block

[10:48] {dino} ntap out flat

[10:55] {dino} sm s tleo .65

[11:02] {magoo} C vad approaches 5]

[11:02] {magoo} 5

[11:02] {Threei} on't tell me you want to play C

[11:03] {Threei} this is kind of stocks for calling which you always yelled at me

[11:03] {Threei} even FRE/FNM have bigger range today

[11:09] {fernp} BAC pullback, Vad?

[11:10] {Threei} closer to 18 I'd feel safer

[11:10] {fernp} ty

[11:17] {magoo} HGSI vad

[11:17] {magoo} trying

[11:26] {dino} cov tleo .35, +.30

[11:32] {nemo} whoever is in a coma say "I"

[11:36] {dino} sm s cisg .25

[11:50] {Threei} AIG starts forming that quiet base

[11:50] {Threei} immune to downard pressure in the market

[11:55] {dino} sm s ntls .00

[11:56] {magoo} aig vad...i think it tests the higfh today

[11:56] {magoo} just not sure when

[11:57] {dino} pwrd stopped -.32

[11:58] {Threei} my feeling too

[11:59] {Threei} BAC is almost ready

[11:59] {Threei} my best guess fern:

[11:59] {Threei} loss of .90, quick dive, then bounce

[12:00] {fernp} let's try

[12:00] {Threei} in .89

[12:00] {Threei} ridiculously tight stop

[12:00] {fernp} .90 here

[12:01] {Threei} just a scalp

[12:02] {fernp} under .85 stop?

[12:02] {Threei} yup

[12:06] {fernp} out here. TY

[12:06] {Threei} :)

[12:09] {Threei} out .96

[12:09] {Threei} commissions wise, scheme worked like charm

[12:09] {Threei} GETCO in, no ECN charge,

[12:09] {nemo} getco

[12:09] {Threei} ISLD out at the offer, ECN rebate

[12:09] {fernp} very good job. ty again

[12:09] {Threei} cutting into commissions itse;f

[12:18] {Threei} if you feel like trying a few, AIG break .60 is first signal

[12:18] {Threei} if holding .50 of course

[12:22] {nemo} so, with getco we've gone to the darkside of evil flashtrading?

[12:24] {nemo} tough crowd

[12:24] {Threei} terminology from some other universe

[12:25] {nemo} yeah, the masses

[12:25] {Threei} let's call it Universe of Conspiracy

[12:25] {Threei} vs Universe of Reality

[12:25] {nemo} pabulum of the paranoid

[12:26] {Threei} the only place where we intersect if chronoclastic infundibula

[12:26] {Threei} if = is

[12:26] {nemo} you o.k.? that's an awful lot of syllables for you

[12:27] {Threei} August takes its toll

[12:42] {dino} bstop cisg to .88

[12:42] {dino} stopped +.37

[12:47] {dino} pwrd sm l .01

[12:47] {Threei} AIG hit 1:1 btw

[12:48] {dino} gj impaler

[13:05] {Threei} BAC next bounce is coming soon

[13:09] {dino} pwrd stopped -.-05

[13:11] {Threei} in .55

[13:11] {Threei} stp under .50

[13:14] {Threei} STI CEO: Hopes to repay TARP as soon as possible; commercial real estate may deteriorate further, banks are "a long way from victory" (22.77, +0.13, 0.57%) (related XLF )

[13:15] {Threei} judging from stock move, Hopes" doesn't buy much, lol

[13:15] {Threei} stopped BAC

[13:16] {Threei} - Sees credit losses continuing, does not expect banks to improve in the near future

[13:19] {Threei} shakeout

[13:24] {bluejet} vad, now I can connect using mirc. how do i get a sound alert?

[13:25] {Threei} nemo... can you help?

[13:28] {dino} wow did i cover too soon cisg

[13:29] {nemo} oh yeah

[13:29] {nemo} general sound alerts are under tools=}sounds

[13:30] {nemo} if you want to create a sound alert for Vad's blather,

[13:30] {nemo} right click on his nick

[13:31] {nemo} pick "Ucentral"

[13:31] {nemo} last tab on the right should have "highlight"

[13:31] {nemo} that will allow you to create custom sound notices

[13:33] {nemo} how's that bluejet?

[13:34] {dino} intu l .25

[13:39] {dino} pwrd rinsed

[13:39] {nemo} vad, whaddya' make of the dripping volume on the bac move up

[13:40] {nemo} oh...looks like .65 level brought in volume

[13:40] {nemo} dripping=dropping

[13:40] {Threei} they all move with market at the moment

[13:40] {Threei} not on their own setups

[13:43] {dino} they all float down here

[13:43] {nemo} aig not really following

[13:43] {nemo} lagging anyway

[13:47] {Threei} BCRX...

[13:47] {Threei} (US) White House: Current H1N1 flu strain poses a serious threat to the US

[13:47] {Threei} - Follow up 1:00pm : White House science advisors are advising US to accelerate stockpiling of H1N1 vaccine. Advisors ask the FDA to speed up decision on intravenous flu drug formulas.

[13:47] {Threei} that was at 12:25

[13:48] {Threei} darn thing didn't move till 13:18

[13:52] {dino} out intu .35, +.10

[13:52] {bluejet} Nemo, thanks. I didn't see "highlight" when I right click on someone's nick name?

[13:53] {nemo} click on "ucentral" which will bring up a box with a "highlight" tab

[13:53] {bluejet} where can I find this ucentral thing?

[13:53] {nemo} well, right click on my username

[13:54] {nemo} third line down should say "Ucentral"

[13:54] {dino} more right

[13:54] {bluejet} I only see "Query"

[13:54] {nemo} huh? he might have a different version

[13:54] {nemo} nothing right below query?

[13:55] {bluejet} Ok. I think "highlight" is under "info" tab. Thank you very much, Nemo

[13:55] {nemo} maybe in your version

[13:57] {nemo} gotta' go....c u 2morrow...oh here's a throwback...."same bat time, same bat channel...

[13:57] {nemo} that is since, vad is the "impaler"

[13:58] {dino} cya nemo

[13:58] {dino} lol

[14:01] {Threei} 82% Oppose Decision To Release Lockerbie Terrorist

[14:01] {Threei} the rest 18% are terrorists?

[14:03] {dino} bingo! how could they release that mass murderer, disgusting

[14:06] {Threei} amontg those who applied for parole 6 were refused

[14:06] {Threei} I want to know what those did

[14:06] {Threei} murdered 1 million each?

[14:06] {dino} indeed

[14:07] {dino} humanitarian reasons my azz, this guy doesn't deserve to be a human

[14:18] {dino} neu spike, wide

[14:25] {dino} v sm s .20

[14:25] {Threei} Long Setup: BCRX .50 break if stays above .35

[14:34] {magoo} in..motrew than scalp?

[14:34] {Threei} motrew?

[14:34] {Threei} well

[14:34] {Threei} Ithink so

[14:34] {Threei} going to partial

[14:34] {Threei} 1:1

[14:34] {Threei} half out

[14:38] {Threei} scalpers win again

[14:41] {dino} ntls wore me out, out flat

[14:44] {dino} eslt

[14:44] {Threei} IMF's Lipsky: There are clear signs of renewed global growth, progress is being made in overcoming the crisis

[14:44] {dino} thin

[14:44] {Threei} that's a relief

[14:45] {Threei} if after all the trilions trown at it they wouldn't have made any progress, well...

[14:50] {dino} neu cover flat, bad entry

[14:57] {Threei} http://www.realitytrader.com/photography/2009/08/walk-into-ocean.html

[14:57] {dino} mxm bit wide

[15:00] {dino} f'ng ntls, wait all day, nothing moves, cov, then drops .12

[15:09] {dino} neu same, ugh!

[15:10] {dino} too timid on my shorts today, all would have worked very well

[15:11] {Threei} yeah

[15:11] {Threei} well, we had uptrend only for sao long

[15:11] {Threei} tough to retune on the go in one day

[15:19] {dino} darn partials, l aef .07

[15:22] {fernp} nice photos, Vad

[15:22] {Threei} ty

[15:22] {fernp} thinking make a trip to your city one day of these

[15:23] {Threei} you'll love it

[15:25] {magoo} BCRX

[15:26] {Threei} no freash news

[15:26] {Threei} seems there is a lot of tension under it

[15:26] {Threei} becomesd a momo runner

[15:28] {magoo} any play?

[15:29] {Threei} like any typical momo, feeling based

[15:29] {magoo} any feel?lol

[15:38] {dino} feeling tired

[15:46] {Threei} something makes me think magoo made about 15 BCRX trades by now

[15:47] {magoo} :)

[15:47] {Threei} more??

[15:47] {magoo} in

[15:50] {Threei} US Attorney General Holder formally orders a review of alleged abuses of terror suspects

[15:50] {Threei} - appoints prosecutor Durham to lead the review.

[15:50] {Threei} - reminder: President Obama has expressed the opinion that the review should not take place, but Holder given indications over the last several months that he has been moving toward launching the probe despite the President's stance.

[15:51] {Threei} I can't believe the degree of polarixation the country

[15:52] {Threei} good job on BRCX mags

[15:53] {Threei} NVAX lags

[15:57] {Threei} catching up now

[15:57] {Threei} well... far from it but trying

[15:57] {dptl} have a good evening all

[15:57] {Threei} take care dp

[15:58] {Threei} mags, 2 min left

[15:58] {Threei} don't get too involved :)

[16:00] {Threei} okay guys

[16:00] {Threei} hank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {fernp} good day here. ty all. good evening

[16:00] {larisa} hank you too of course :) :)

[16:00] {Threei} lol

[16:00] {fernp} lol

[16:01] {Threei} wow

[16:01] {Threei} NAVR Files $20 Million Shelf Registration Statement

[16:01] {Threei} NAVR is still around??

[16:01] {Threei} momo stock of 1998

[16:02] {dino} gn all, thx

Aug 21 2009

Just waiting for the summer to end.

Session Time: Fri Aug 21 00:00:00 2009

[08:49] {nemo} well the rally continues

[08:53] {Threei} why wouldn't it

[08:54] {nemo} I wasn't looking for a reason

[08:54] {Threei} broad call for reversal was too, ummm, broad

[08:54] {nemo} yeah

[08:54] {nemo} By the way...a preemptive "You're home already, Vad"

[08:56] {Threei} sigh

[08:58] {cosmo} BRCD

[08:58] {nemo} aig

[09:00] {cosmo} * Fiscal Q3 revenue $493.3 mln, lower than estimate and Q2

[09:00] {cosmo} * EPS excluding items $0.12 vs Street view $0.11

[09:00] {cosmo} * Shares fall 5.6 pct after-hours

[09:00] {cosmo} * CEO says predicting recovery "like grabbing water"

[09:01] {cosmo} what goes down, must float up

[09:01] {cosmo} sorta

[09:04] {Threei} hmmm

[09:04] {Threei} dunno cosmo

[09:04] {Threei} I just tested your theory

[09:04] {magoo} morn

[09:04] {cosmo} what gets pushed down, must float back up?

06[09:04] * nemo slaps magoo around a bit with a large trout

[09:05] {Threei} aside of hitting my toe, iron didn't do any good after falling down,

[09:05] {Threei} certainly no slightest attempt to float up

[09:05] {Threei} magoo :)

[09:05] {magoo} so vad..what was verdic on getco rte?

[09:05] {cosmo} use an empty, sealed vessel....

[09:06] {Threei} great if there are shares at the price you want,

[09:06] {Threei} instant fill or kill, speed is next to lightening,

[09:06] {Threei} saves a bunch on pass-through,

[09:07] {nemo} no secondary routing though

[09:07] {Threei} since you'd have to try another route if there are no shares on GETCO, and at the time being there is no routing out on it,

[09:07] {Threei} best way to use it is:

[09:07] {Threei} set hot key for it and for the second route,

[09:08] {Threei} so you can hot both of them in a quick succession if GETCO doesn't get you shares,

[09:08] {Threei} probably forget it if there is a very fast stock you want

[09:09] {Threei} not because it's slow but because you'll lose some time on an attempt

[09:10] {Threei} We will be able to use it to its full advantage when Bear delivers smart route that goes to GETCO first,

[09:10] {Threei} then switches to other routes

[09:12] {magoo} ok

[09:12] {Threei} in case you want to try, I set keys:

[09:12] {Threei} Shift+G to buy on GETCO,

[09:13] {Threei} Shift + B market buy smart route,

[09:13] {Threei} Ctrl+G to sell on GETCO,

[09:13] {Threei} Ctrl+S market sell smart

[09:14] {magoo} what u watching?

[09:14] {magoo} rtk may be a play

[09:14] {Threei} can add anything you want to bid, offer, use other routes etc, as long as you can remember them, but the general idea is:

[09:14] {magoo} CRM too

[09:14] {Threei} all buys start with shift, all sells start with Ctrl

[09:17] {Threei} Fed's Bullard: Antendees of the Jackson Hole symposium are "cautiously optimistic" - TV interiew

[09:17] {Threei} - States that the economy is on track to see positive growth in 3rd and 4th quarters

[09:17] {Threei} - Households continue to be very cautious on spending

[09:18] {Threei} I don't see news RTK

[09:19] {dino} gm all

[09:19] {Threei} dino :)

[09:26] {fernp} good morning everybody

[09:26] {Threei} fern :)

[09:27] {Threei} BAC new high on daily

[09:30] {nemo} aig

[09:30] {Threei} 35 yesterday's high

[09:31] {nemo} 34.99 today

[09:31] {nemo} you take that break of .30 mags?

[09:31] {magoo} no

[09:32] {Threei} Long Setup: BAC .40 break

[09:32] {Threei} if holding above .35

[09:33] {magoo} afterhrs AIG got low as 31.40

[09:36] {bluejet} Vad, is BAC long setup still valid?

[09:36] {Threei} no, but may reestablish itself if consolidates in this range

[09:38] {magoo} AIG hammer

[09:38] {nemo} aig support a .25...maybe

[09:38] {magoo} vad bouncer?

[09:38] {Threei} shrug

[09:39] {Threei} BAC is reestablished, but needs market help

[09:41] {nemo} aig, can you say "volatility"

[09:41] {dino} showing gaps 9438,1628,1018

[09:43] {Threei} Preview: Fed Chairman Bernanke scheduled to speak at the Kansas City Fed's annual symposium at Jackson Hole at 10amET

[09:43] {Threei} **the speech topic is "Reflections on a Year of Crisis." A prepared text is expected but there will be no Q&A.

[09:48] {dino} sm s scsc .80, bstop .11

[09:49] {Threei} AIG... impossible to call, but feels like explosion is coming

[09:49] {_phreeboy} s & p at top of consolidation range between 7/31-8/14, do you take that into account?

[09:49] {nemo} ex, or im

[09:50] {Threei} I can't take that into account until it does something: breaks that level or gets rejected

[09:51] {Threei} simply being there is not much indicative by itself

[09:51] {Threei} it's what it does aroiund the resistance that matters

[09:53] {fernp} HIG pullback, Vad?

[09:54] {Threei} market is still selling

[09:54] {fernp} ty

[09:54] {nemo} bac holding .33 support

[09:56] {nemo} when's the jet setter, ese, get back?

[09:57] {wulff} LVS in .10

[09:57] {Threei} HIG should dive closer to .50 now,

[09:57] {nemo} frickin bac

[09:58] {Threei} see if market puts double bottom is, and try to get HIG as close to .50 as possible

[09:59] {Threei} got away

[10:00] {Threei} *JULY EXISTING HOME SALES: 5.24M V 5.00ME (+7.2% M/M)

[10:00] {Threei} - Prior revised from 4.89M to M

[10:00] {Threei} - Median existing home price $ v $K in June, % m/m, -% y/y.more... (related XHB SPY SHY )

[10:00] {nemo} oh boy

[10:01] {Threei} *FED'S BERNANKE: GLOBAL ECONOMY STARTING TO EMERGE FROM RECESSION; RECOVERY TO BE SLOW AT FIRST

[10:02] {nemo} volumes across the board 2X

[10:03] {bluejet} vad, did you take bac?

[10:03] {Threei} no

[10:04] {bluejet} thx

[10:08] {Threei} need some pullbacks to start outlining setups...

[10:09] {magoo} yea

[10:09] {Threei} this sudden spike out of slow selling is not something playable

[10:09] {nemo} housing report

[10:10] {magoo} c rocket vad

[10:10] {Threei} they all are

[10:11] {Threei} which one are you willing to chase?

[10:12] {Threei} .76 if market greens again

[10:12] {Threei} with stop under .70

[10:12] {dino} zumz

[10:12] {magoo} rimm pullbk boss

[10:13] {Threei} need RIMMunder .60 to get interested

[10:13] {magoo} ok..i been off on it basd

[10:14] {Threei} .80 break is possible on it with stop under .60, but more of a crapshoot

[10:15] {Threei} WFC

[10:15] {Threei} Long Setup: WFC .90 break

[10:15] {Threei} if holding above .85 for hardcore sxcalpers

[10:15] {Threei} above .80 for the rest

[10:16] {fernp} in

[10:16] {magoo} in

[10:17] {Threei} C 1:1

[10:17] {nemo} this is going to be a 200 point day

[10:17] {fernp} ty half out

[10:17] {nemo} the euphoria is nuts

[10:17] {Threei} GETCO worked like charm for C entry

[10:17] {Threei} WFC 1:1 for scalpers

[10:18] {bluejet} I pared BAC but missed WFC. Is it possible to play a sound when there is an alert?

[10:19] {Threei} yes

[10:19] {bluejet} how do I set it up?

[10:19] {Threei} who did that recently guys, could you help out?

[10:20] {Threei} oh wait, you are using mibbit

[10:20] {bluejet} yes

[10:20] {Threei} I sdon't think it's doable on it, gotta use mirc

[10:20] {bluejet} OK. I will take a look. Do I still use the same login on mirc?

[10:21] {nemo} mirc is stand alone software you have to set up

[10:21] {Threei} sure, login info is server-based... server doesn't care how you connect

[10:21] {Threei} it sees you, it kicks you out

[10:22] {Threei} well... unless you know magic words, lol

[10:22] {bluejet} I know the magic words. thanks

[10:23] {Threei} me too... kreks peks pheks, isn't it

[10:23] {Threei} ok, never mind... russian fairy tale :)

[10:23] {_phreeboy} thank you wfc :)

[10:24] {Threei} welcome

[10:24] {Threei} not much but heck... when things just spike like this and refuse to pullback, there are no setups

[10:24] {dino} bjk

[10:24] {Threei} WFC just gave an unusually big delay after another market spike

[10:24] {dino} too thin

[10:25] {Threei} lol

[10:25] {Threei} if saomething is too thin for dino, you know it IS thin

[10:25] {nemo} Anall nathrach, oorfas bethud, dorhiel dienvay

[10:25] {dino} lol, look at it 23.83/24.30; 14k

[10:25] {Threei} we speak arameic here now?

[10:25] {nemo} magic words

[10:25] {nemo} Charm of Making

[10:27] {Threei} did C really hit 1:2 over .85? didn't watch it at the time

[10:27] {magoo} yes

[10:27] {magoo} valid

[10:27] {fernp} yes Vad

[10:27] {Threei} cool... C 1:2 then!

[10:28] {Threei} a bit late but heck...

[10:28] {Threei} consider it an indication of me getting slow in my old age

[10:30] {fernp} HIG pulling back

[10:30] {Threei} market pulled back on decreasing volume

[10:30] {Threei} BAC nice drop

[10:32] {Threei} Long Setup: BAC .45 break if holding .40

[10:34] {fernp} in

[10:36] {wulff} where did you enter C?

[10:36] {nemo} .76

[10:36] {Threei} [10:12] {Threei} .76 if market greens again

[10:36] {Threei} [10:12] {Threei} with stop under .70

[10:41] {wulff} options expire day

[10:43] {wulff} expected more out of HURN...

[10:46] {dino} scsc tighten bstop to .30

[10:47] {dino} cov +.50

[10:52] {dino} rbcn

[10:54] {Threei} no go BAC'

[10:54] {fernp} stopped

[11:00] {wulff} end of day predictions?

[11:00] {Threei} wow... 5 hours in advance?? :)

06[11:01] * magoo slaps laserdave around a bit with a large trout

[11:01] {Threei} magoo

[11:01] {Threei} oh, never mind

[11:01] {Threei} you got it :)

[11:03] {laserdave} thanks gooby

[11:04] {magoo} no prob:)

[11:05] {magoo} quote server vad?

[11:06] {Threei} 7

[11:07] {Threei} shakeout BAC...

[11:07] {Threei} rude and generally unpleasant

[11:11] {magoo} short WFC here

[11:11] {magoo} target .fitty area

[11:11] {nemo} whatch .76 area Mags

[11:11] {magoo} in

[11:11] {magoo} .87

[11:18] {magoo} .96 stop

[11:19] {dino} sm s gbx .60

[11:27] {magoo} not liking wfc here

[11:27] {Threei} {WFC} ???.... you... you....

[11:34] {magoo} out...futes may bounce

[11:35] {nemo} you were right at the VWAP on WFC

[11:36] {magoo} dunno..its consolidating

[11:36] {magoo} could break either way

[11:37] {magoo} but bacon moves up

[11:37] {nemo} yeah the 200 period ma is rising but flattening

[11:37] {magoo} so shoulkd follow bacon

[11:37] {magoo} prob a good long here

[11:42] {nemo} How's the coma vad?

[11:42] {Threei} as always

[11:42] {Threei} pleasant

[11:53] {Threei} it's getting personal between me and BAC

[12:02] {magoo} short wfc ,92

[12:02] {magoo} lets try iot again

[12:02] {magoo} .00 stop

[12:16] {magoo} sigh out

[12:16] {Threei} market is absdolutely flatlined

[12:44] {dino} .

[12:44] {nemo} ?

[12:46] {dino} power surge

[12:49] {fernp} have to go. see you all on monday. have a nice weekend all

[12:49] {dino} magoo booted, can't get back

[12:49] {Threei} have a good one fern

[12:49] {Threei} it's almost over

[12:49] {Threei} just a tad more till Labor day

[12:49] {magoo} back

[12:50] {Threei} he can dino... as soon as he rememners his username

[12:50] {dino} lol

[12:50] {Threei} which you would think he should, after all these years

[12:50] {Threei} but no... lookie here:

[12:50] {Threei} 12:46] * magoo_ has joined #discussions

[12:50] {Threei} -----------

[12:50] {Threei} [12:46] * magoo_ was kicked by ChanServ

[12:51] {nemo} volume is creeping up ever so slightly on spy

[12:51] {dino} roflol

[13:10] {dino} kno, thin

[13:13] {dino} scsc l .00, stop .79

[13:24] {magoo} .

[13:41] {dino} i froze that stock, stop to .95

[13:43] {nemo} if the market weren't due for a bounce I'd say RIMM is dangerously close to a short on the 5 minute

[13:44] {nemo} Now I'm outhinking myself...reminds me of the guy in "Princess Bride" deducing whether his drink was poisoned

[13:44] {nemo} ....he died, by the way

[13:45] {dino} scanners red

[13:46] {dino} lol nemo, i remember that

[13:47] {nemo} "I've seen much worse cases than this"

[13:47] {dino} scsc stopeed

[13:47] {nemo} "Have fun storming the castle

[13:47] {nemo} "My name is Ynego Montoya, you killed my father...prepare to die"

[13:51] {nemo} Mmmhhhhh...it's rough being the only "coupla' sandwiches short of a picnic" type when ese isn't around

[13:54] {dino} igk l .31

06[14:03] * nemo slaps dino around a bit with a large trout

[14:09] {magoo} BACKKKKKKKKKKKKKK

[14:09] {nemo} oh yahoo...

[14:31] {Threei} yawn

[14:32] {Threei} oh boy... my very very first camera:

[14:32] {Threei} http://www.cameramate.com/product_info.php?products_id=4489

[14:38] {nemo} bored, huh?

[14:39] {dino} lol orrf

[14:40] {nemo} Carl Orff? Karmina Burana?

[14:40] {dino} nice spread +2

[14:40] {nemo} your kinda' trade

[14:41] {dino} 100 shares maybe

[14:52] {magoo} vad, we in anything?

[14:52] {nemo} you want me to vad?

[14:52] {Threei} as usual

[14:52] {nemo} coma

[14:52] {Threei} right

[15:20] {Threei} AIG

[15:20] {Threei} bounce candidate

[15:20] {Threei} .10 break

[15:20] {Threei} if holding 33

[15:21] {nemo} in

[15:21] {nemo} out

[15:30] {nemo} rude of aig again

[15:33] {nemo} really rude of aig

[15:33] {Threei} pullback under .10, let's try reentry

[15:34] {wulff} +.11 Rimm

[15:35] {Threei} :)

[15:36] {Threei} first strength from here AIG

[15:40] {Threei} grr

[15:40] {Threei} missed

[15:40] {nemo} were you sitting at .85

[15:40] {Threei} no, but was trying to catch the reversal

[15:41] {Threei} it came with no warning

[15:41] {nemo} yeah no real volume indication

[15:44] {Threei} House Majority Leader Hoyer says public option may have to be dropped in order to pass healthcare reform bill - Politico.com

[15:44] {Threei} - Hoyer still favors the public option, and Speaker Pelosi reiterated yesterday that the bill would not pass without a public option. But today Hoyer says first and foremost the bill must pass: "We believe the public option is a necessary, useful and very important aspect of this, but well have to see because there are many other important aspects of the bill as well."

[15:50] {Threei} 33 break, going to give it last try

[15:55] {Threei} US Administration official forecasting 10 year deficit in line with CBNO projection at $9T

[15:55] {nemo} who the .... is going to finance that!?

[15:56] {Threei} out

[15:56] {Threei} RIMM was the bouncer of choice

[15:56] {Threei} not AIG

[15:56] {nemo} Calling it a day...peace & qiet

[15:56] {Threei} a week too

[15:56] {nemo} yep

[15:56] {Threei} today is friday, right?

[15:56] {Threei} - Administration had previously forecasted $7.1T budget deficit

[15:56] {nemo} Well, in Australia it's Saturday

[15:57] {Threei} ah... reality is setting in

[15:57] {Threei} just 2T miss

[15:57] {Threei} no biggie

[15:57] {Threei} okay guys... Labor day closer and closer

[15:57] {nemo} that's been 6x the average deficit

[15:57] {Threei} have as good weekend

[15:57] {nemo} c ya

[15:58] {Threei} see you all on Monday

[15:59] {dino} later all, have a good weekend

[15:59] {larisa} bye all :)

[15:59] {magoo} yup..ty

Aug 20 2009

Not much happened aside of AIG momentum-fuelled run. August is slowly winding down...

Session Start: Thu Aug 20 01:23:07 2009

[08:50] {Threei} INITIAL JOBLESS CLAIMS: 576K V 550KE; CONTINUING CLAIMS: 6.241M V 6.215ME

[08:50] {Threei} - Prior jobless claims revised from 558K to 561K

[08:50] {Threei} - Prior Continuing Claims revised from 6.202M to 6.239M

[08:51] {nemo} that should dampen things a bit

[08:52] {Threei} caused whole 10 points NQ drop

[08:52] {nemo} august somnolence

[09:06] {fernp} good morning everybody

[09:06] {nemo} another optimist

[09:07] {fernp} sorry

[09:07] {nemo} just don't do it again

[09:07] {Threei} fern :)

[09:08] {magoo} morning

[09:08] {nemo} Magus :)

[09:08] {Threei} magoo :)

[09:09] {cosmo} PTEM might heal

[09:09] {dino} gm all

[09:09] {cosmo} watch 20 action

[09:09] {dino} shld blood

[09:09] {nemo} bad earnings

[09:09] {nemo} employment ba too

[09:09] {nemo} damn sheep

[09:09] {Threei} dino :)

[09:10] {cosmo} ba ba nemo

[09:12] {magoo} what u watching vad?

[09:12] {nemo} coma

[09:12] {nemo} oops...sorry...that comes later

[09:14] {Threei} AXL

[09:14] {Threei} BAC

[09:14] {cosmo} PETM 20 test coming

[09:14] {Threei} don't have anything constructive yet

[09:20] {magoo} hurn too vad

[09:21] {Threei} yeah...

[09:27] {magoo} shld vad crushed

[09:27] {nemo} [09:09] {dino} shld blood

[09:31] {cosmo} PETM went stupid on me

[09:34] {Threei} Long Setup: BAC 17 break

[09:34] {Threei} if stays above 16.90

[09:35] {magoo} in

[09:35] {magoo} pretty g gopod pllbk hurn

[09:35] {Threei} Long Setup: AXL .65 if stays above .50

[09:36] {magoo} aig rtk

[09:38] {Threei} AIG another squeeze is on

[09:38] {magoo} big pllbk edap

[09:40] {dino} shld v sm l .00

[09:40] {Threei} Preview: Q2 US Mortgage Delinquencies due out at 10amET

[09:40] {Threei} **no estimate, prior quarter (Q1) was 9.12%

[09:42] {dino} s topped

[09:45] {Threei} AXL is reestablshed

[09:45] {Threei} risky one

[09:47] {Threei} let's modify it

[09:47] {Threei} .50 break if stays above .40

[09:47] {magoo} how much u looking for?

[09:51] {magoo} aig hits 30

[09:51] {nemo} wonder what the news is this time

[09:52] {magoo} ceo says will be avble pay bk govt tarp i heardr

[09:52] {nemo} huh?

[09:53] {Threei} BAC stop to .94

[09:54] {magoo} hurn losing

[09:55] {dino} last try shld sm .00

[10:00] {Threei} AUG PHILADELPHIA FED INDEX: 4.2 V -2.0E

[10:00] {Threei} *JULY LEADING INDICATORS: 0.6% V 0.7%E

[10:00] {dino} out shld .40, +1.40

[10:00] {Threei} *(US) Q2 MORTGAGE DELINQUENCIES: 9.24% V 9.12% PRIOR (Q1); highest reading on record

[10:01] {dino} toughb crrrooowwwwdddddd

[10:01] {nemo} whatsa' matter Dino?

[10:01] {larisa} nice dino :)

[10:01] {Threei} we lost our breath dino... envy, ya know

[10:02] {dino} ty larisa, you're the best

[10:02] {larisa} ty :)

[10:02] {nemo} oh, yeah, I was writing "are you strapped in" as your comment came across...thought you might be in for a rocket ride

[10:03] {dino} lol

[10:03] {nemo} RIMM broke nice out of 74.35

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

[10:09] {Threei} if stays above .95

[10:10] {Threei} no worky

[10:11] {nemo} half lot good idea

[10:12] {Threei} IRBT Hearing awarded $35.3M order from US Army yesterday (11.47, +0.13, 1.15%)

[10:13] {fernp} HIG breaking hod

[10:17] {magoo} HURN read vad?

[10:18] {Threei} .50 break

[10:18] {magoo} AIG setts for next leg

[10:18] {Threei} yeah

[10:18] {Threei} that's what I had in mind with that .10 break

[10:19] {nemo} market shaking off the bad news today

[10:22] {magoo} it trades like a donkey vad..it takes critical levels and fails

[10:23] {dino} heeehaw

[10:24] {nemo} what Dino?

[10:24] {dino} donkey

[10:24] {nemo} as in?

[10:24] {Threei} lol

[10:24] {dino} magoo above (or another name for him)\

[10:25] {nemo} yeah...the analogy escapes me...what critical levels do donkey's reach and then fail?

[10:25] {cosmo} PETM hod = 20 fwiw

[10:28] {dino} lod 19.50

[10:28] {magoo} sigh..trying to teach u guys

[10:28] {dino} played it afterhours last night

[10:29] {nemo} huh? and huh?

[10:31] {magoo} 31 is coming RISKY

[10:31] {magoo} 32

[10:31] {nemo} what stock mags?

[10:32] {magoo} AIG

[10:32] {magoo} but its not easy

[10:32] {nemo} it's at 30.36, you think it's going to 32.00

[10:32] {magoo} 31

[10:32] {magoo} then 32 today

[10:32] {dino} don't get him started nemo

[10:33] {magoo} concur vad?

[10:33] {nemo} that was an earnest question

[10:33] {magoo} 31 soon

[10:33] {Threei} 31 yes

[10:33] {Threei} 32 - I'd havbe to reevaluate when we get there

[10:33] {nemo} I wasn't being my usual obnoxiously patronizing self

[10:33] {dino} 31 then 12 in month

[10:34] {magoo} i dont care about that

[10:34] {magoo} this is $$

[10:35] {magoo} out .93 TY vad

[10:35] {magoo} another point

[10:36] {Threei} here is 31

[10:36] {Threei} lol, BAC

[10:36] {fernp} and BAC 1:1

[10:36] {Threei} 1:1, half out

[10:36] {Threei} sat long enough for us to foreget qwe had it

[10:38] {magoo} 32 coming

[10:38] {Threei} yep...

[10:38] {Threei} mother of all squeezes

[10:39] {magoo} out here

[10:39] {magoo} another .80

[10:39] {Threei} wtg

[10:39] {magoo} 35 today...no shit

[10:42] {magoo} out again .82

[10:42] {magoo} 4 for 4 on it

[10:42] {Threei} good job

[10:42] {magoo} RISKY..gotta go change underwear

[10:42] {magoo} brb

[10:42] {Threei} things we learn here

[10:43] {magoo} [10:39] {magoo} 35 today...no shit

[10:43] {magoo} [10:39] {&

[10:43] {magoo} problem is it pullsbk hard....but WOW vad, last few days we have MOMOMOMOMOMOMOMOM

[10:44] {magoo} serious runners vad like ole days

[10:44] {Threei} well, with all the doom and gloom spread by wounded bears at the slightest hint of market pullback, no wonder

[10:47] {Threei} mesmerizing

[10:48] {Threei} and no news whatsoever

[10:49] {magoo} out .90 again

[10:49] {magoo} took cross 33

[10:49] {magoo} 34

[10:49] {magoo} now 35

[10:49] {magoo} moght have to revise my target :)

[10:50] {nemo} 40

[10:50] {magoo} 38

[10:50] {Threei} pullback time

[10:50] {Threei} hard one too

[10:52] {magoo} out .79 now

[10:52] {Threei} wow... for a minute T&S and Level 2 had some discrepancy

[10:52] {Threei} don't remember when I saw that on Laser

[10:52] {magoo} like 6 for 6 on it

[10:52] {magoo} GET AWAY HERE

[10:52] {magoo} losing power it feels

[10:53] {magoo} [10:39] {magoo} 35 today...no shit

[10:53] {Threei} when pullback comes it will be just as devastating for bulls as runup was/is for bears

[10:53] {nemo} volume has been dropping since 9:50

[10:53] {magoo} right vad, drop of 3 points

[10:54] {magoo} dont like it here long

[10:54] {magoo} pushing my luck

[10:54] {Threei} relax... you did great on it,

[10:54] {fernp} out HIG +.12

[10:54] {Threei} now let it rest a bit,

[10:54] {fernp} a bit faster than bac but not much more

[10:54] {Threei} then do this:

[10:54] {nemo} that's an understatement...ow...that hurt

[10:55] {Threei} when you feel it finished churning and shaking

[10:55] {Threei} and ready to resume

[10:55] {nemo} Hey Dino, Mags buying drinks tonight

[10:55] {Threei} skip first play you see,

[10:55] {Threei} it's most likely false attempt,

[10:55] {Threei} take second but with half shares

[10:55] {magoo} thanx..thats good advice

[10:55] {Threei} and trade it as you see fit with half of what you did in these 6 plays

[10:55] {magoo} cant win everyone

[10:56] {Threei} one biggest mistake you can make now is:

[10:56] {magoo} really got lucky

[10:56] {Threei} take the play, see it going against you, double down

[10:56] {Threei} this is what can destroy your winnings

[10:56] {magoo} yea..triple down..blow all stops lose like 5k OUCH

[10:56] {Threei} yup

[10:56] {Threei} happens to many after such winning streak,

[10:57] {Threei} caused by feeling that you know this stock now,

[10:57] {magoo} unfortunately...ive experienced that scenario

[10:57] {Threei} own it

[10:57] {Threei} can't lose on it

[10:57] {Threei} No stock is ever your friend

[10:57] {Threei} nor enemy for that matter

[10:57] {nemo} damn rimm C&H

[10:57] {Threei} they have no idea you exist

[10:59] {magoo} ive left following rimm last 3 sessions..ive been way off on it..

[10:59] {nemo} it's holding with q pullback

[11:00] {Threei} US Treasury to sell $42B 2-year notes, $39B 5-year notes, and $29B in 7-year notes

[11:06] {Threei} AIG pace picks up again

[11:13] {_phreeboy} what would you say AIG would have to hold to continue up?

[11:14] {cosmo} PETM test ....again

[11:14] {magoo} its not that kind of stok

[11:14] {Threei} I don't think there are technicals to AIG

[11:14] {magoo} it could easily red bar down to 31

[11:14] {nemo} volume has disappeare

[11:14] {Threei} it's a momo runner

[11:14] {Threei} they live in parallel universe

[11:19] {Threei} US CFTC and UK's FSA to enhance regulatory cooperation for oversight of energy futures markets

[11:19] {Threei} - the agencies will share regulations and disciplinary notices to increase cross border monitoring of oil markets

[11:21] {Threei} laugh all you want but BAC is coming on 1:2

[11:23] {fernp} I sold my BACs some centuries ago :)

[11:23] {Threei} I sold half

[11:23] {fernp} I know

[11:24] {Threei} here goes AIG murdering those who overstayed their welcome

[11:35] {cosmo} PETM test ....20 gonna melt at some point....

[11:39] {cosmo} people gotta feed their pets, ya know...

[11:44] {Threei} or not

[11:45] {cosmo} a big decision for us all

[11:45] {cosmo} the day is young

[11:45] {nemo} fas triang

[11:45] {nemo} trying

[11:46] {cosmo} time to walk the dogs

[11:55] {nemo} fas succeeded

[12:01] {Threei} hmmm

[12:01] {Threei} ese may have been hiding something from us

[12:01] {Threei} [ESE] Announces Contract Award for Its Thermoforming Business

[12:02] {Threei} and we thought he was a drummer?

[12:08] {nemo} http://www.marketwatch.com/story/aig-jumps-as-new-benmosche-strategy-fuels-hope-2009-08-20?siteid=rss&rss=1

[12:12] {wulff} HURN seems down for the count

[12:14] {Threei} yeah, watching it

[12:14] {Threei} was downgraded just now

[12:14] {wulff} carried it overnight, but out earlier

[12:15] {Threei} by no-name firm

[12:15] {wulff} the three shmoes

[12:16] {Threei} two

[12:16] {Threei} HURN Update: Shares cut to Neutral from Outperform at a boutique firm (Boenning & Scattergood) (19.48, +0.05, 0.26%)

[12:16] {Threei} Boenning & Scattergood count for two shmoes, right?

[12:16] {wulff} were they not cut pretty badly already?

[12:17] {Threei} well... there is always "more down"...

[12:23] {magoo} IGK crusheed vad

[12:24] {magoo} WOW

[12:24] {Threei} way too thin

[12:24] {magoo} someone KICXK VAD

[12:25] {Threei} why would you want to do that

[12:37] {dino} news igk?

[12:37] {Threei} the symbol is not in my newsfeed

[12:38] {Threei} can't find out

[12:39] {dino} nothing on yahoo

[12:43] {nemo} how's the coma vad?

[12:44] {nemo} that good...

[12:45] {nemo} fas testing top of range

[12:45] {Threei} sigh

[12:46] {dino} aef?

[12:47] {dino} had a nice nap

[12:49] {dino} aef dropping fast

[12:50] {nemo} you short it?

[12:50] {dino} no want long at .20

[12:51] {dino} not going to get there tho

[12:54] {magoo} vad AIG trying it seems

[12:55] {dino} aef sm l .83

[12:55] {nemo} indexes and fas pulling back

[12:59] {Threei} yes mags... but it's absolute 50/50

[13:03] {dino} stopped aef

[13:05] {Threei} you do know who is on TV, right?

[13:07] {nemo} Schwarzenegger

[13:08] {Threei} you wish

[13:08] {nemo} nah, not really

[13:13] {nemo} aig going fro 32

[13:13] {nemo} wow

[13:13] {nemo} got whiplash on that one

[13:14] {Threei} (US) President Obama: Affirms position on public health insurance option is 'unchanged,' calls option "a good idea, but not the only aspect of reform" - radio interview

[13:14] {Threei} - Reminder: Back on 8/17 White House Press Sec Gibbs said Obama prefers government health-insurance option. Over the weekend that the Obama administration signaled that it was ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system.

[13:27] {nemo} if aig doesn't stop @ 32.05 could be another good drop

[13:34] {fernp} HIG double bottom?

[13:35] {Threei} can't tell...

[13:36] {nemo} Hig's riding the 200 period moving average right now

[13:41] {nemo} aig dropped to r3

[14:01] {dino} aef rinsed

[14:03] {nemo} gotta' go... c u 2 maw row

[14:04] {fernp} bye nemo

[14:05] {Threei} take care nemo

[14:13] {magoo} vad AIG trying

[14:34] {_phreeboy} from this point what are the chances of AIG going long (own it and considering holding overnight)?

[14:35] {Threei} 50/50

[14:35] {Threei} total gambling

[14:35] {Threei} this thing can open at 40 and at 15 tomorrow with the same odds amd easiness

[14:36] {Threei} feel like in casino?

[14:37] {Threei} SBUX WSJ: Company to begin charging approx $0.25 more for certain drinks, less for others; effective Thursday in certain cities

[14:37] {Threei} - Customers to pay more for larger and complex drinks; less for smaller and more basic drinks

[14:37] {_phreeboy} better odds at craps with right hedge bets

[14:37] {Threei} there you go

[14:37] {Threei} I can't imagine why you would want to take it overnight - other than pure gambling

[14:38] {Threei} volatility is extreme, gaps can be huge

[14:38] {Threei} trading is about risk control

[14:38] {Threei} and you give up any resemblense of it by taking home such monster

[14:41] {Threei} how's this for volatility?

[14:43] {_phreeboy} do you use trend lines?

[14:43] {Threei} yes

[14:45] {fernp} BAC bounce?

[14:45] {Threei} I doubt it

[14:45] {Threei} gotta give them more room to fall before bounces become likely

[14:46] {Threei} this is that interim stage, you know...

[14:46] {Threei} when each leg down seems to be good enough for bounce

[14:46] {fernp} yes only five cents drop

[14:46] {Threei} but in reality leads to endless stops

[14:46] {Threei} jump in too early a few times,

[14:46] {Threei} and those stops however well controlled, eliminate all you made before

[14:49] {fernp} agree

[14:50] {fernp} Unfortunately, I have experienced many times what you're saying

[14:50] {dino} igk

[14:51] {dino} sm l .51 wide, gappy

[15:08] {Threei} US) US House Speaker Pelosi: Cannot pass a bill in the House that is lacking a public option

[15:08] {Threei} - Note: Pelosi in the past has noted that a public option has strong support

[15:16] {Threei} breakout or fizzle out?

[15:17] {Threei} you gotta give it to the market... what a perfection in finding the way to frustrate those who follow "normal" logic

[15:17] {Threei} who didn't "know for sure" the uptrend has ended

[15:44] {fernp} have a nice evening. see u tomorrow

[15:44] {Threei} take care fern

[15:56] {Threei} AIG dump on the close

[15:56] {Threei} doesn't really mean much

[15:56] {Threei} cxan be justr prfit taking

[15:56] {wulff} Tried to grab a RIMM long here but not in the mood

[15:56] {Threei} only better typed

[15:56] {wulff} teh stock that is

[15:56] {wulff} the

[15:56] {Threei} too close to close

[15:57] {wulff} entered the 3:30 run

[15:57] {Threei} okay guys... August is almost over

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening

[15:57] {larisa} see you :)

[15:57] {Threei} see you tomorrow

[15:58] {wulff} LAter all

[16:01] {magoo} ty vad everyone

Aug 19 2009

Nice even though boring (what else is new) day. HURN, CAT, RTK, AIG scalps and nice long trade on AXL. With all the traditional August inactivity, we are fairly consistent - in both profits and boredom for hours while market is locked in a tight range.

Session Time: Wed Aug 19 00:00:00 2009

[08:34] {Threei} Yale Economist Shiller: forecast calls for house prices to increase 4% over next 5 years; economy will be more predictable

[08:34] {Threei} and may be subject to another housing bubble - CNBC

[08:59] {fernp} good morning everybody

[08:59] {larisa} gm :)

[09:00] {Threei} fern, larisa :)

[09:01] {dino} gm all

[09:01] {Threei} dino :)

[09:03] {cosmo} cers

[09:03] {cosmo} 2.45 pre mkt high fwiw

[09:03] {Threei} 8:30:14 AM

[09:03] {Threei} Cerus Corporation INTERCEPT blood system for platelets approved in Switzerland

[09:03] {Threei} - The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.

[09:03] {Threei} - The regulatory review process by Swissmedic is similar to the regulatory processes in France (Afssaps) and Germany (Paul Ehrlich Institute), in which INTERCEPT-treated blood components have been approved as a biologic for patient use.

[09:15] {magoo} morning

[09:16] {Threei} magoo :)

[09:18] {dptl} good morning

[09:22] {Threei} dp :)

[09:28] {Threei} no clear caandidates so far

[09:29] {Threei} will wait for a scanner to spit out something worthy

[09:29] {magoo} maybe HURN AXL shorts..come a long way

[09:29] {magoo} AA crushed

[09:30] {nemo} cat

[09:32] {cosmo} CERS: 2.45 pre mkt high fwiw

[09:32] {Threei} AXL non-stop

[09:33] {Threei} AXL Hearing PT raised to $12 from $9, reiterated at Strong Buy at Buckingham (timing uncertain) (6.08, +0.38, 6.67%)

[09:34] {Threei} Long Setup: HURN .50-

[09:34] {Threei} late... see if pulls back

[09:34] {nemo} cat bolted

[09:36] {Threei} if caught HURN on pullback to .51, feel free to exit here

[09:38] {Threei} XOMA Hearing strength attributed to postive mention on thestreet.com (0.92, +0.11, 14.15%)

[09:40] {Threei} Short Setup: AXL .15 half lot

[09:40] {Threei} if stays below .25

[09:43] {wulff} +.65 FAS

[09:43] {Threei} Long Setup: CAT half lot .05

[09:44] {nemo} things moving fast this morning

[09:44] {Threei} take scalp here

[09:44] {magoo} out here CAT

[09:45] {magoo} .33 TY

[09:45] {Threei} Long Setup: AXL .40 half lot

[09:45] {Threei} if stays above .25

[09:46] {magoo} in

[09:47] {Threei} not a scalp for me if works

[09:48] {nemo} axl?

[09:48] {magoo} feels 7

[09:48] {Threei} 1:1

[09:48] {fernp} out TY

[09:49] {Threei} nemo... what else could the comment be about?? :)

[09:49] {Threei} fern :)

[09:49] {magoo} out .51

[09:49] {nemo} just making sure, sorry too many accounting classes

[09:49] {magoo} TY will reload prob

[09:49] {Threei} half out .62

[09:49] {Threei} offering second half .80

[09:50] {Threei} direct hit

[09:52] {nemo} getting dizzy watching L2 on axl

[09:53] {Threei} that's what momo looks like

[09:53] {Threei} remember my comments a few days ago on recognizing momentum trades?

[09:53] {nemo} kinda'

[09:53] {Threei} what gave a clue to "not a scalp"

[09:54] {nemo} bid side imbalance and speed of transactions

[09:54] {Threei} when they trade like this, you won't even be able to spot that imbalance

[10:08] {BillyD} .

[10:08] {magoo} ..

[10:09] {fernp} ...

[10:16] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:16] {Threei} **consensus expectations:

[10:16] {Threei} Crude: +1.2Me

[10:16] {Threei} Gasoline: -1.7Me

[10:16] {Threei} Distillate: +400Ke

[10:23] {magoo} read on AXL HURN vad?

[10:23] {Threei} Long Setup: RTK .75 if stays above .65

[10:27] {Threei} if works, not a scalp for me

[10:28] {magoo} in

[10:29] {magoo} out .84 TY in .70 aggress

[10:29] {Threei} HURN explosion

[10:29] {magoo} may reload

[10:29] {magoo} [10:23] {magoo} read on AXL HURN vad?

[10:29] {fernp} out here TY Vad

[10:30] {Threei} 1:1, half out

[10:30] {Threei} DOE CRUDE:-8.4M V +1.2ME; GASOLINE: -2.2M V -1.7ME

[10:30] {Threei} DISTILLATE: -650K V +400KE; CAPACITY UTILIZATION: 84% V 83.7%

[10:31] {Threei} mags... if I had any you'd hear it

[10:39] {BillyD} CERS animal

[10:40] {Threei} wanted 3 break, chart was fair... couldn't bring myself to call it

[10:40] {BillyD} I took it for scalp

[10:40] {Threei} thin stock, if doesn't work - loss won't be controllable

[10:41] {BillyD} yeah, can smack you for double stop pretty quick

[10:42] {BillyD} you still in RTK

[10:42] {Threei} half with stop under b/e

[11:08] {Threei} yawn

[11:08] {Threei} even spam e-mails flow slowed down to a crawl

[11:09] {patience} cruise ship discount emails increasing

[11:26] {Threei} tje day SIRI starts moving, you know traders start scrapping the bottom of the barrel {G}

[11:27] {Threei} and QTWW

[11:27] {Threei} lol

[11:29] {magoo} HEY..i just took them lol

[11:33] {Threei} sigh

[11:40] {dino} .

[11:43] {Threei} I can see your point

[11:44] {Threei} I don't necessary agree with it but I see it

[11:45] {magoo} AXL trying vad

[11:46] {Threei} yes... spike off .50 was not something I could read at the time

[11:46] {Threei} it all but lost volume at the moment,

[11:46] {magoo} i just bringing it to your attention:)

[11:46] {Threei} could go easily either way

[11:46] {magoo} in case yoiu are comatose

[11:47] {Threei} yeah, I am trying to discern the pattern

[11:47] {Threei} to be ready if it repeats itself

[11:47] {Threei} hmmm

[11:47] {Threei} now you confuse me

[11:47] {Threei} what does my being comatose have o do with my trading?

[11:47] {Threei} how did it ever prevent me from calling trades?

[11:49] {Threei} really... next thing I know you guys start demanding that I trade sober...

[11:56] {Threei} Long Setup: AXL 7 if stays above 6.90

[12:00] {Threei} Long Setup: HURN 20 half lot

[12:00] {Threei} if stays above .85

[12:01] {Threei} EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys (1.64, +0.27, 19.71%)

[12:01] {Threei} Sonolith I-Sys is a novel, robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. The integrated lithotripter utilizes EDAP''s unique and patented electroconductive technology, an advanced shockwave approach differentiated by its superior ability to successfully disintegrate urinary stones in association with combined x-ray or ultrasound systems.

[12:01] {Threei} - The Sonolith I-Sys received CE mark approval in July 2007 and was launched in the E.U. in late 2007

[12:04] {fernp} HIG breakout

[12:04] {Threei} why not

[12:09] {fernp} out here

[12:09] {Threei} :)

[12:10] {fernp} lunch time. you know...

[12:10] {Threei} sheesh

[12:10] {Threei} why oh why didn't I notice AIG break of 25

[12:11] {Threei} that was chart to die for

[12:11] {larisa} agree :)

[12:11] {fernp} nice JBE

[12:12] {Threei} 15 cents consolidation range

[12:12] {Threei} {--- crying bitterly

[12:12] {Threei} pass me a tissue someone

[12:12] {larisa} use your fingers

[12:31] {Threei} US) House Energy and Commerce Committee has requested information from health insurance companies, including info on executive compensation

[12:31] {Threei} - Committee has reportedly sent letters to "dozens of insurers," including Aetna, Cigna, Humana, United Health and Wellpoint.

[12:31] {Threei} - In its letter to United Health, the committee asked for information on executive compensation, revenues and expenses, to be delivered by Sept 14th at the latest.

[12:32] {Threei} I can't believe this

[12:32] {nemo} Oh boy, here we go

[12:32] {nemo} 200 rubles a month

[12:32] {BillyD} that is pushing it

[12:32] {nemo} Da

[12:33] {Threei} larisa

[12:33] {Threei} why did we ever bother to immigrate?

[12:33] {nemo} mafia

[12:34] {Threei} communism is the same on any side of the ocean

[12:34] {nemo} yeah, but the likelihood of getting shot in Vancouver is significantly lower

[12:35] {Threei} you'd think so

[12:35] {Threei} Vancouver Shooting Spree: 8 Shot, At Least 2 Dead

[12:35] {Threei} Suspects at large in Vancouver shooting spree

[12:35] {nemo} no kidding?

[12:36] {Threei} n one of the worst acts of violence to ever hit Vancouver, two people were killed and six injured in a brazen early-morning shooting spree ...

[12:36] {Threei} Vancouver residents rocked by continuing shooting spree

[12:36] {Threei} Early-morning attack continues Vancouver shooting spree

[12:36] {Threei} Victim rushed to hospital; marks 32nd incident in city since January.

[12:36] {nemo} fcx vad

[12:36] {Threei} enough?

[12:36] {nemo} wow

[12:36] {nemo} yeah

[12:37] {Threei} I suspect dp....

[12:37] {dptl} ....nah...i am to old for that now...

[12:38] {nemo} what, arthritis in the trigger finger?

[12:38] {Threei} lol

[12:38] {dptl} lol

[12:38] {Threei} never thought I'd say that but here goes:

[12:38] {Threei} good one nemo

[12:38] {nemo} hurt, didn't it...

[12:38] {Threei} yes

[12:38] {Threei} but I work through the pain

[12:39] {nemo} tough being you, huh?

[12:39] {Threei} not if like good coma

[12:39] {nemo} Vad...super trader....women love him...men look up to him...sheep fear him

[12:40] {Threei} I am afraid to ask

[12:40] {nemo} yeah...that was over the top...sorry

[12:40] {nemo} Mags...

[12:40] {dino} lol

[12:40] {dino} he stepped out

[12:40] {nemo} oh...have to do it myself

06[12:40] * nemo slaps nemo around a bit with a large trout

[12:41] {Threei} but now I have a suspicion about who made the sheep joke during nasau seminar, when I showed sheep image to illustrate the concept of a stock following the market

[12:41] {nemo} nope, wasn't me...think it was grasshopper

[12:41] {Threei} nope, male voice

[12:42] {nemo} have no eye deer

[12:43] {Threei} lol, nice one from the e-mail:

[12:43] {Threei} I'd rather be out of a market wishing I was in,

[12:43] {Threei} then in a market wishing I was out.

[12:50] {Threei} AIG non-stop

[12:57] {Threei} magoo

[12:57] {Threei} you here?

[12:58] {Threei} sigh... have to do everything myself...

06[12:58] * Threei slaps laserdave around a bit with a large greeting sign

[12:59] {nemo} In honor of woodstock...

06[12:59] * nemo slaps laserdave around a bit with a large cast iron peace sign

[12:59] {nemo} 40th anniversary ya' know

[13:13] {magoo} back..dino made me do lunch run

[13:15] {magoo} we only live 40 minutes from wdstk

[13:15] {dino} cisg l .50

[13:21] {magoo} what we in vad..was out an hour

[13:21] {nemo} coma

[13:22] {nemo} I feel like Pavlov's dog

[13:22] {Threei} looking at AIG for bounce scalp

[13:22] {nemo} RIMM

[13:30] {nemo} I thought the market was supposed to keel over like the rest of the markets around the world today...sheesh

[13:30] {Threei} since when do we follow the world, and not the other way around

[13:30] {dino} maybe so nemo, maybe so not

[13:31] {nemo} I thought you were a canuck

[13:31] {nemo} I know, I'm just bored and today another example of the market doing what is least expected

[13:31] {dino} it's a good day to die.....

[13:31] {nemo} every day should be

[13:31] {dino} and the day's not over yet

[13:32] {nemo} nope

[13:39] {Threei} US) More than 200 New York auto dealers have withdrawn from "cash for clunkers" program - CNBC

[13:39] {Threei} - cite reimbursement delays

[13:41] {Threei} RMBS

[13:41] {Threei} chatter about settlement with NVDA'

[13:43] {nemo} so...is aig a dbi or a jbe?

[13:43] {Threei} neither

[13:44] {nemo} I figured you'd say that

[13:45] {magoo} what the hell is a dbi or jbe ??

[13:46] {nemo} oy

[13:46] {Threei} it's a creation of nemo's delirious state of mind

[13:46] {nemo} who's mind?

[13:47] {Threei} RMBS's happy

[13:47] {nemo} ahem

[13:47] {nemo} Jump-base-explosion (JBE) setups, 124, 125-128 practical examples of, 154-157, 201-205, 221-222

[13:48] {nemo} shall I continue?

[13:49] {nemo} Drop-base-implosion (DBI)setups, 124, 129 practical examples of, 167-170, 193-195, 198-200, 206-208, 214-216, 241-243

[13:49] {nemo} Guess where I got those?

[13:50] {Threei} Winnie The Pooh?

[13:50] {Threei} no wait

[13:50] {Threei} I know this one

[13:50] {Threei} Alice in Wonderland

[13:50] {nemo} Funny you should bring that up

[13:51] {nemo} Samuel Langhorn Clemens, before he died, buried a time capsule in which he said, when opened, would reveal a literary coup that would take the world by surprise.

[13:52] {nemo} In the first Edition of Alice In Wonderland, there was a title page illustration that did not appear in further editions

[13:53] {nemo} On the edge of the illustration were the initials "SLC" and as we know, Mock Turtle shares the same initials as his nome de plume, "Mark Twain"

[13:53] {nemo} We also know that Lewis Carrol was a friend of Clemens, and was a mathematician not known for his creative side

[13:54] {nemo} So...we shall see...but I digress...so where did I get those citations, VAD?????

[13:56] {nemo} O.K. fine... "Techniques of Tape Reading" by Graifer & Schumacher

[14:02] {fernp} enough for me. see you all tomorrow. have a nice evening

[14:07] {Threei} take care fern

[14:09] {nemo} RIMM testing HOD

[14:14] {nemo} aig decided to pop

[14:35] {nemo} spy and qs look like they might be ready to test support

[14:51] {dptl} ok....have a good evening all

[14:51] {Threei} take care dp

[15:07] {nemo} you o.k. Vad?

[15:07] {Threei} hmm?

[15:07] {nemo} thought I heard your chin hit the desk

[15:07] {Threei} nope, wasn't me

[15:08] {Threei} pillow's in place, so....

[15:08] {nemo} must have been Mag's head going through the reinforced concrete floor

[15:09] {Threei} could have... after all this years he still doesn't get the joke 'don't startle ostriches, the floor is concrete"...

[15:10] {nemo} hehehehe...having said that, when I lived in South Carolina, they made me where a helmet when I rode my motorcycle (even though it's a helmet optional state). They were afraid if I fell off my bike and landed on my head, I might damage the street.

[15:10] {magoo} EDAP nuts

[15:10] {Threei} yeah

[15:30] {Threei} AIG

[15:30] {Threei} feels like next wave up starts

[15:31] {nemo} how many shares you get mags?

[15:32] {nemo} .76 is 200 period moving average

[15:34] {magoo} of what?

[15:34] {nemo} aig

[15:34] {nemo} when Vad said it looked up

[15:34] {magoo} non..is it a call?

[15:34] {magoo} i scalped EDAP

[15:34] {nemo} no, but that doesn't necessarily stop you

[15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol

[15:35] {patience} .

[15:36] {Threei} who told you that mags

[15:36] {Threei} I do just fine sleeping through them

[15:37] {magoo} yahoo chat board

[15:37] {Threei} C TARP inspector to reportedly inspect Citigrou's asset guaranteees over taxpayer losses on approx $300B pool

[15:40] {Threei} Long Setup: AIG .75 if stays above .60

[15:40] {magoo} full?

[15:41] {nemo} 20 minutes left, this should be fun

[15:41] {Threei} yeah

06[15:41] * nemo puts the hemmarhoid pillow under his butt

06[15:41] * nemo straps on the seat belt

[15:44] {Threei} come on AIG, while we are young

[15:44] {nemo} Vad, we're not young

[15:44] {Threei} ok

[15:44] {Threei} come on AIG, while we are alive

[15:45] {magoo} odds?

[15:45] {Threei} shrug

[15:45] {Threei} 50.0000001

[15:45] {magoo} is one shoulder higher than other?

[15:45] {nemo} market's looking indecisive

[15:46] {Threei} modification for impatient:

[15:47] {Threei} Long Setup: AIG .70 break if stays above .60

[15:47] {magoo} oh no

[15:47] {Threei} less odds, smaller stop

06[15:52] * Threei kicks AIG in the rear

[15:53] {nemo} just don't make it do a faceplant

[15:55] {Threei} 1:1

[15:56] {Threei} [15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol {---- I demand an apology

[15:56] {Threei} severe umbrage here

[15:57] {magoo} dammit.grrrrrrrr, i apoliticize

[15:57] {Threei} you what?

[15:57] {nemo} he spells like you

[15:57] {magoo} what u said

[15:57] {nemo} severe umbrage here

[15:58] {Threei} last minutes scalp... how cool iss that, to rub it in for fern and Billy tomorrow

[15:59] {Threei} and dp

[15:59] {Threei} thank you all, have a good evening

[15:59] {larisa} bye all

[15:59] {Threei} see you tomorrow

[15:59] {nemo} wow, nice exit Vad

[15:59] {Threei} last minutes,,, why would I stay in

[15:59] {dino} out cisg .46 -.04

[15:59] {Threei} no sluightest intention to carry overnight

[16:00] {nemo} walk off home run