Oct 28 2009

Fair day with a few nice plays on both short and long sides - notably CAT short and AIG long, and a few scalps and stops here and there. Gearing up for a bounce that seems to be in cards - most likely tomorrow.

Session Time: Wed Oct 28 00:00:00 2009

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

[08:44] {nemo} dude

[08:44] {KSystems} Les!

[08:44] {KSystems} welcome

[08:45] {nemo} Gruss Gott Herrn K

[08:45] {ese} dude

[08:45] {_Les__} KSystems welcomes me...

[08:45] {ese} ksys

[08:45] {_Les__} I feel better already...

[08:45] {ese} les

[08:45] {KSystems} nemo :) ese!

[08:45] {Threei} ks... you need to stop it

06[08:45] * nemo slaps _Les__ around a bit with a large trout

[08:45] {_Les__} why don't i get a smiley like that

[08:46] {Threei} people will think we are warm and welcoming bunch

[08:46] {_Les__} and what's with the slapping

[08:46] {nemo} total crock

[08:46] {KSystems} but not for long, vad

[08:46] {ese} thats the official welcome

[08:46] {_Les__} hold it. KSystems is a person or a machine?

[08:46] {nemo} worse...

[08:46] {KSystems} -beep-

[08:46] {nemo} he's a German

[08:47] {Threei} which means he is both

[08:47] {nemo} actually...good point Vad

06[08:47] * KSystems slaps nemo around a bit with a large German flag

[08:47] {ese} i'm german as well

[08:47] {nemo} well, I'm Irish, Italian...what's your point ese?

[08:47] {_Les__} ahh. Guten Tag!

[08:47] {KSystems} Grezi

[08:48] {Threei} KS's motrning song:

[08:48] {Threei} http://www.youtube.com/watch?v=VXa9tXcMhXQ

[08:48] {nemo} Breakin

[08:48] {ese} ahhhhhhh hmmmmmmm ain't got one

[08:48] {KSystems} oh yeah

[08:48] {nemo} I was listening to Kraftwerk back in the 70's...scary

[08:48] {_Les__} I'm here for a "free" time, not a good time...

[08:48] {_Les__} Vad's free week...

[08:49] {Threei} meaning I am free for a week??

[08:49] {Threei} yessss

[08:49] {_Les__} I wanted to begin 9th Nov but computer program says start today

[08:49] {nemo} fun fun fun on the autobahn

[08:49] {_Les__} stupid machines

[08:49] {nemo} You want to go home Vad?

[08:49] {_Les__} I still listen to Kraftwerk

[08:50] {Threei} my high school music

[08:50] {nemo} Les...you in der Schweiz?

[08:51] {_Les__} oui, mais dans le partie Francais

[08:52] {ese} vad anything worth revisiting...vvus bcrx....to name a couple

[08:52] {ese} ucy ?

[08:52] {ese} bucy?

[08:53] {nemo} amzn recovered yesterday's close, things get weak could be a good short

[08:53] {ese} i missed that short yesterday......to many distractions around my house

[08:53] {Threei} nothing fresh ese

[08:53] {ese} tks

[08:53] {lasertrev} gm

[08:54] {Threei} trev :)

[08:54] {nemo} LT :)

[08:54] {KSystems} which part les?

[08:54] {KSystems} Valais?

[08:54] {Threei} VVUS sems to simply float with market

[08:54] {ese} trev....

[08:54] {_Les__} Vaud, behind Montreux

[08:54] {ese} morning

[08:54] {Threei} BCRX too

[08:54] {KSystems} Oh i see

[08:54] {KSystems} i used to stop at Montreux on my way to Valais several winters

[08:55] {KSystems} how far is it to montreux from your place?

[08:55] {_Les__} You'll be back. Soon no snow anywhere in Europe but Valais :)

[08:55] {nemo} ...on the Lake Geneva shoreline...

[08:55] {ese} oh my goodness.....i played the Montreux festival in 1978 and 1981

[08:55] {ese} yes in deed it is

[08:56] {ese} one of the most beautiful places in the world in my books

[08:56] {Threei} 78?

[08:56] {Threei} wow

[08:56] {ese} yup......

[08:56] {Threei} you were what, just out of high school?

[08:57] {KSystems} nemo

[08:57] {ese} 20 or 21

[08:57] {nemo} ja wohl

[08:57] {KSystems} isnt it "Fahrn" auf der Autobahn?

[08:57] {nemo} Ich errinere mich nicht an

[08:57] {ese} 19 ?? hmmmmm

[08:59] {nemo} Could be K, the album was translated into English, plus I didn't know German then, so you hear what you think you hear. Same with 99 Luft Baloons when it came to the states. I heard it in Germany first. By the time I get to the states it's 99 Red Baloons.

[08:59] {ese} 4 years out of high school 2 years into university

[09:00] {nemo} How old were you when you graduated high school ese?

[09:00] {_Les__} Jazz festival is great, even with kids. Beer and live music in the park on warm sunny afternoon. *Sigh*, ready for summer again already.

[09:01] {ese} they do it in the Miles Davis Center now and not the casino right?

[09:02] {ese} when we played it was int the casino downtown Montreux

[09:02] {Threei} last few photos before I switch to autumn series:

[09:02] {Threei} http://www.realitytrader.com/photography/

[09:04] {ese} did you just go to the end of the pier vad or were you out on a boat

[09:04] {Threei} no, pier

[09:06] {_Les__} appreciate last photo. Clean warm light on the pier - doesn't overwhelm photo

[09:06] {_Les__} not that other photos are overwhelmed by light :)

[09:06] {Threei} ty

[09:07] {Threei} I find the only really overwhelming subject to be that octopus

[09:07] {Threei} something out of sci fi movie, lol

[09:07] {nemo} Jules Verne....:)

[09:07] {ese} we live in a nice part of the world vad.......

[09:07] {Threei} we sure do

[09:07] {Threei} which doesn't prevent us from complaining and whining

[09:08] {ese} hmmmmmm

[09:08] {_Les__} didn't see the rest. Only night photos. ok nice occy

[09:08] {Threei} just scroll down

[09:08] {Threei} wow

[09:08] {Threei} what happened

[09:08] {nemo} yeah, what came out

[09:09] {Threei} I don't see any fresh news

[09:09] {nemo} they

[09:14] {strider} morning all:)

[09:14] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=a2dVAWr7p7lk

[09:14] {Threei} strider :)

[09:14] {nemo} dunedin

[09:14] {Threei} what's there nemo?

[09:14] {nemo} California legalizing marijuana...for taxes of course

[09:15] {cosmo} and currency soon maybe

[09:16] {strider} ese, was that DRYS you were starting to buy yesterday?

[09:16] {nemo} yeah...this keeps up we'll be back to the barter system

[09:16] {ese} yes

[09:16] {ese} i like that 6.50 level

[09:17] {strider} thx. Long-term, has a lot of upside.

[09:17] {ese} will dabble a little here dabble a little there.....eventuallly it will take off

[09:17] {cosmo} ilmn

[09:18] {cosmo} wants to heal

[09:18] {Threei} Reportedly Goldman Sachs analyst lowers US Q3 GDP view to 2.7% v 3.2%

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:18] {ese} fern

[09:18] {ese} some stocks taking big hair cuts thes last few days

[09:19] {ese} bidu yesterday was crazy....80 some odd points

[09:19] {ese} almost 7pts dn for ilmn

[09:20] {Threei} magoo and dino have no internet connection this morning it seems

[09:21] {ese} big storm out there or something?

[09:22] {Threei} keeping an eye on AET,

[09:22] {Threei} having in mind QID to play market downside

[09:23] {ese} long at .80

[09:26] {dino} gm all

[09:26] {fernp} morning

[09:27] {ese} dino.......

[09:27] {Threei} dino :)

[09:27] {Threei} APOL, cruel

[09:27] {dino} running late thats all

[09:27] {dino} apol -11, esi -5

[09:27] {ese} always meant to ask you this dino........you get your nick from the Flintstones?

[09:29] {dino} yes, and always thought it was a good name for a dog

[09:30] {ese} definitely

[09:30] {nemo} my father's name

[09:30] {dino} neat

[09:31] {dino} in my darth vader voice "nemo I am (not) your father"

[09:31] {nemo} I know

[09:31] {nemo} aig on the edge

[09:32] {magoo} etsjopteoj;

[09:32] {Threei} CTDC, what the deuce

[09:32] {nemo} wokasfw20asvo

[09:32] {Threei} magoo :)

[09:33] {Threei} Long Setup: QID 23 break if holding above .90

[09:34] {Threei} Long Setup: HIG .92 if stays above .85 for scalpers

[09:35] {Threei} .90 for day traders

[09:35] {nemo} too fast

[09:35] {Threei} see if gives pullback for entry

[09:35] {nemo} .80 for day traders?

[09:36] {Threei} yes

[09:36] {strider} out HIG +.10

[09:36] {fernp} missed

[09:36] {Threei} no entry anyway iof missed first timwe

[09:36] {magoo} aapl pummeled vad

[09:36] {Threei} wtg strider

[09:36] {cosmo} ilmn 35 test

[09:36] {strider} figers getting a little faster.

[09:36] {strider} fingers

[09:36] {nemo} yeah, end of yesterday looked like a bear flag on aapl

[09:37] {Threei} AAPL, double bottom is forming, but morning volatility is horrifying

[09:37] {nemo} big vacuum own to 190

[09:37] {nemo} down

[09:37] {ese} nice one on HIG st

[09:37] {strider} thanks, ese

[09:38] {Threei} HIG, valid again as the same setup

[09:38] {Threei} .85 is a support for everyone this time

[09:39] {nemo} aig DT .15 important level

[09:39] {Threei} if invalidates, look for possible entry around .75

[09:39] {tomg} which stock, vad, had power failure

[09:39] {Threei} HIG tom

[09:39] {nemo} hig

[09:39] {tomg} ty

[09:39] {Threei} market downticks though

[09:40] {Threei} don't like this kind of setups against the market

[09:40] {Threei} so consider it discretionary

[09:40] {Threei} Preview: Sept New Home Sales due out at 10amET (14:00 GMT)

[09:40] {Threei} **consensus expectations: 440Ke v 429K prior (estimates range bewteen 412K-460K).

[09:42] {Threei} QID tries to reestablish

[09:43] {Threei} nope, invalidated again

[09:43] {Threei} but I like how 23 forms as a srong resistance to break

[09:43] {Threei} will come handy later in the day if/when market weakness comes

[09:45] {ese} l apol .11

[09:45] {ese} damn got in

[09:45] {ese} out apol .33

[09:45] {ese} wow quick +.20

[09:45] {fernp} WFC db, Vad?

[09:45] {dino} gj

[09:46] {dino} watching esi off it

[09:46] {ese} had stop in at.00 and it shot up to .50 then showed me at .11 bizzare

[09:46] {dino} yeah, air pocket trades

[09:46] {Threei} I doubt it fern

[09:47] {fernp} now yes. :)

[09:48] {Threei} watching HIG

[09:48] {Threei} awww

[09:48] {Threei} late

[09:48] {Threei} that .75 weas ideal entry for a scalp

[09:49] {Threei} market is narrow here

[09:49] {Threei} look at CAT,

[09:49] {Threei} just set up short by breaking .80,

[09:49] {Threei} I skipped it to see if it's real setup of headfake

[09:50] {Threei} range is 20 cents, a bit too wide

[09:50] {nemo} .89 was pivot

[09:50] {Threei} of = or

[09:52] {Threei} Short Setup: HIG .70 breakdown

[09:52] {Threei} stop above .80

[09:52] {ese} i liked esi at .oo dino but missed it

[09:53] {Threei} 1:1

[09:53] {fernp} ty

[09:53] {Threei} yw

[09:53] {nemo} cat vad

[09:53] {Threei} CAT was kind of inconclusive

[09:54] {Threei} chart wise it almost hit 1:1,

[09:54] {Threei} but I watched it trading,

[09:54] {Threei} fill was near impossible that low

[09:54] {Threei} 1:2 HIG

[09:54] {fernp} things are a bit jumpy this morning

[09:55] {Threei} 1:3, get out and get ready for bounce play

[09:55] {Threei} .45 long if holding .40

[09:56] {Threei} no go

[09:56] {fernp} no go

[09:57] {Threei} don't forget QID

[09:57] {Threei} this one is like rifle on the wall

[09:57] {fernp} 23 break, no?

[09:57] {Threei} yes

[09:57] {Threei} hanged there in the first act, sooner or later will fire up

[09:57] {ese} esi thoughts dino

[09:58] {dino} i think 10:00 report coming from something

[09:58] {dino} but overall like esi 95 area

[09:58] {ese} tks

[09:58] {dino} pulp

[09:58] {Threei} 09:40] {Threei} Preview: Sept New Home Sales due out at 10amET (14:00 GMT)

[09:58] {Threei} [09:40] {Threei} **consensus expectations: 440Ke v 429K prior (estimates range bewteen 412K-460K).

[09:58] {fernp} HIG bounce

[09:59] {dino} ash beats drops

[10:00] {Threei} *SEPT NEW HOMES SALES: 402K V 440KE (% M/M)

[10:00] {Threei} - Prior revised from 429K to 417K

[10:00] {Threei} - No revisions

[10:00] {Threei} - Median price $ v $195.2K m/m more... (related XHB SPY SHY EUR/USD )

[10:00] {fernp} QID

[10:00] {dino} hmmm glad i waited

[10:00] {fernp} valid here Vad?

[10:01] {dino} ]s/p lod

[10:01] {Threei} yes, on recross

[10:01] {Threei} if holding .90

[10:01] {fernp} ok

[10:01] {nemo} what up with aig?

[10:02] {Threei} no news AIG

[10:02] {Threei} just being itself I suppose

[10:02] {Threei} QID not a scalp for me

[10:03] {dino} ash sm l .50

[10:03] {dino} esi sm l .40

[10:04] {_Les__} RIMM threatening b/d vad?

[10:04] {Threei} MOT

[10:04] {Threei} Motorola Inc Officially launches Droid smartphone

[10:04] {Threei} - Model runs Google's Android smartphone software.

[10:04] {Threei} - Note: Back on 8/28 MOT commented that it was building its phone business around the Android platform

[10:04] {Threei} not sure RIMM

[10:05] {Threei} pretty much market dependent

[10:05] {Threei} VLO CEO: Impact of Congressional bill to regulate CO2 on VLO refineries will be "staggering" (31.85, -0.25, -0.78%) (related USO )

[10:09] {dino} out esi .15, +.75

[10:09] {Threei} wtg

[10:09] {dino} ty

[10:09] {fernp} yeah, gj

[10:09] {ese} nice dino

[10:09] {dino} ash to .25

[10:09] {dino} thx es

[10:09] {dino} lucky entry

[10:10] {dino} ash to .35

[10:10] {dino} out ash .34 ave, +.84

[10:10] {fernp} no go QID

[10:11] {ese} wow...take the rest of the day off

[10:11] {dino} lol, going for coffee

[10:13] {fernp} almost 1:1 QID, I need a crystal ball :)

[10:15] {dino} dji -3%, ndx, s/p -4.2% since last week. these have been bounce areas

[10:20] {strider} ENER

[10:20] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:20] {Threei} **Consensus expectations:

[10:20] {Threei} Crude: +1.4M

[10:20] {Threei} Gasoline: -1Me

[10:20] {Threei} Distillate: -700Ke

[10:20] {Threei} ENER takeover rumor

[10:20] {Threei} (again)

[10:21] {ese} l apol

[10:23] {dino} ash, esi pullbacks

[10:23] {ese} opps no price sorry .10

[10:24] {ese} out ..21 +.11

[10:24] {fernp} gj ese

[10:25] {dino} ash sm l .54

[10:25] {ese} its ok thought that it might bounce up but nahhhhh

[10:26] {Threei} market looks and feels breakdownish, yet no clear entries

[10:26] {dino} ash stop is .23 fwiw

[10:26] {nemo} oil announcement things will probably clear up

[10:26] {ese} the q's were bouncing at that time so it was worth a shot...but nothing came of it

[10:27] {Threei} QID, that wass rude

[10:28] {fernp} FTO Vad, valid breakout?

[10:29] {ese} it's working for you again dino........make athe coffee a double shot

[10:29] {dino} tighten ash to b/e

[10:29] {Threei} I wouldn't fern

[10:29] {dino} mkt drops

[10:29] {fernp} ok

[10:30] {fernp} yeah!!! ty

[10:30] {Threei} *DOE CRUDE: +775K V +1.4ME; GASOLINE: +1.6M V -1.0ME; DISTILLATE: -2.1MK V -700

[10:30] {nemo} wow...big gas build

[10:30] {nemo} I know...Captain Obvious

[10:30] {_Les__} valid consolidation in FSLR? Looks like it want's to glide higher...

[10:31] {nemo} that distillate number though...squeezing heating oil?

[10:31] {Threei} I'd rather play breakdown on FSLR if loses 153

[10:31] {nemo} aig vad?

[10:32] {Threei} but vilaility on FSLR is enormous, can kill you on spread alone

[10:32] {Threei} what about it?

[10:32] {nemo} too late

[10:32] {ese} thats a tricky one Les....minimum spread is always . around .20

[10:32] {dino} out ash flat

[10:33] {_Les__} vilaility? u mean vitality?

[10:33] {Threei} volatility

[10:33] {dino} apol lod

[10:33] {_Les__} :)

[10:33] {dino} ash, esi too

[10:33] {_Les__} b/d it is

[10:33] {nemo} threeish Les...and Lari isn't here to police him

[10:34] {_Les__} don't recall lot of FSLR talk mentioned here? difficult beast?

[10:34] {ese} so now it bounces apol

[10:34] {dino} i hate it

[10:34] {dino} fslr that is

[10:35] {dino} "better worlds" imo

[10:35] {nemo} frickin' amzn

[10:35] {ese} it's a beast....i tried to trade it a couple of times week before last and it drove me nuts with the volitility

[10:35] {ese} FSLR les

[10:36] {_Les__} what makes the volatility? computers, pro traders?

[10:36] {Threei} Short Setup: CAT 56 break

[10:36] {ese} probably both

[10:36] {Threei} this bounce high will be the stop level

[10:36] {ese} thats it's character......they each have there won character

[10:36] {ese} own

[10:37] {dino} ot: 3i i started atlas shrugged last night

[10:37] {Threei} not a small feat

[10:37] {Threei} just don't expect much from pure writing point of view :)

[10:38] {nemo} rimm...damn

[10:39] {Threei} .15 is resistance for CAT if sets up now

[10:39] {dino} ash sm l .00

[10:39] {ese} theres big money to be made in rimm nemo once it turns around though

[10:40] {dino} stop is .69

[10:40] {dino} big gap on rimm too58-48

[10:40] {ese} ya....just looking at that now

[10:41] {dino} at min. 58 should hit soon

[10:41] {ese} am considering bstop at 50 and just leaving it sit there

[10:42] {fernp} WFC also setting for a short play

[10:42] {dino} well -6 days out of 8, so odds w/you

[10:43] {ese} yup

[10:43] {Threei} 1:1 CAT

[10:43] {strider} too fast

[10:43] {fernp} not filled here

[10:44] {strider} still valid?

[10:44] {Threei} yes, same setup

[10:44] {nemo} aig vad short break 35

[10:45] {Threei} I guess... tough one nemo

[10:46] {Threei} let's trail CAT stop to above .10

[10:47] {Threei} .05 is more logical but could be a little too tight

[10:47] {_Les__} aapl testing previous supprt

[10:47] {fernp} ty

[10:47] {Threei} this market really needs to break down for real

[10:47] {strider} out +.10

[10:47] {strider} thx

[10:47] {Threei} CAT 1:1 again

[10:48] {ese} fitb geting hit

[10:48] {Threei} AIG beauty

[10:48] {nemo} crissakes quotes, froze, look at aig

[10:48] {Threei} Update: US House Financial Services commitee votes 49-14 to approve new rules for credit rating agencies

[10:48] {Threei} - committee felt agencies had misled investors in rating certain securities too high

[10:48] {Threei} quotes ok here

[10:48] {dino} tighten ash to .79 mkt drop

[10:48] {_Les__} aapl b/d

[10:49] {Threei} CAT 1:2

[10:49] {Threei} fern

[10:49] {Threei} look at QID

[10:50] {Threei} CAT 1:3, out in full

[10:51] {Threei} this is where I had QID exit in mind on original play

[10:51] {_Les__} great to watch, but would be nicer with real money :(

[10:53] {Threei} wow AIG... good call nemo

[10:54] {nemo} broken clock

[10:54] {fernp} QID cruel

[10:54] {Threei} nice breakdown market

[10:54] {dino} trv holds well, all too, pru breaking

[10:54] {Threei} just what it looked and smelled like

[10:54] {Threei} too bad QID choose to shake us out first, but CAT was there to help

[10:56] {fernp} yes, looking for my crystal ball in ebay

[10:56] {fernp} market and gold on lows

[10:57] {Threei} GLD actually testing two day's low

[10:57] {Threei} .20

[10:58] {fernp} could be a db... let's see

[10:58] {_Les__} thanks for realtime watch. Gonna sort out Bear's bizarre bank wiring requirements before end of day. cheers.

[10:59] {Threei} QID, pullback entry ideally is .15-.20 zone

[11:00] {dino} ash stopped -.21

[11:00] {Threei} a bit too sharp drop into .20, GLD

[11:01] {Threei} skipping break if occurs right now

[11:01] {fernp} HIG short if breaks 23.45?

[11:01] {Threei} but if bounces again, stays under .30, then breaks - I am in

[11:01] {Threei} not right now

[11:01] {Threei} again, too sharp rwed bar into support

[11:02] {Threei} GLD

[11:02] {Threei} valid

[11:02] {Threei} Short Setup: GLD .20 break

[11:02] {strider} shosrt .20?

[11:02] {Threei} stop above .30

[11:03] {Threei} hey, no shakeouts

[11:03] {Threei} just die

[11:03] {Threei} useless shiny yellow crap

[11:04] {fernp} no shakeout, pls

[11:04] {Threei} sigh

[11:04] {Threei} a bit too volatile

[11:05] {Threei} sharp spikes both eays

[11:05] {fernp} yes, ten cents stop here is nothing

[11:06] {Threei} Market Internals update at 11:00amET

[11:06] {Threei} - NYSE volume 440M shares, about 23% above its three-month average; decliners lead advancers by 4.5:1.

[11:06] {Threei} - NASDAQ volume 850M shares, about 16% above its three-month average; decliners lead advancers by 3.1:1.

[11:06] {Threei} - VIX index +5.5% to just over 26.00

[11:14] {dino} hmin sm l .50

[11:14] {dino} sgms sm l .20

[11:14] {dino} stops .17 hmin; .97 sgms

[11:16] {strider} thanks for the calls, dino

[11:16] {dino} np, hope they work

[11:16] {dino} i played tgese two yesterday, dropped big

[11:16] {strider} :)

[11:18] {dino} wow, really spelled these wrong

[11:19] {strider} oh, you meant GE and AMZN?:)

[11:20] {dino} lol, tgese=these

[11:20] {strider} oh, that's not so bad.

[11:20] {strider} target for SGMS?

[11:21] {Threei} yeah, much better than spell AAPL and GRMN

[11:21] {Threei} and = as

[11:21] {dino} .65ish

[11:22] {strider} I like your optimism!

[11:22] {dino} hmin is .99ish

[11:24] {Threei} you know what I am going to ask, right?

[11:24] {strider} No, you can't!

[11:24] {Threei} nah, not that

[11:24] {strider} Boris Karloff

[11:25] {Threei} lol

[11:25] {Threei} that's new

[11:27] {magoo} read on AMZN vad?

[11:27] {magoo} lows

[11:27] {dino} lol optimism, hmin down from yesterdays' open -$6; sgms -$5

[11:28] {Threei} long on pullback mags

[11:28] {Threei} closer to 121

[11:28] {dino} contrarian more me

[11:29] {dino} ash continues down on big beat

[11:29] {dino} wynn no luv yet

[11:29] {dino} esi, apol lod

[11:35] {Threei} QID precise bounce off .15

[11:36] {Threei} anyone caught it?

[11:39] {strider} HGSI bounce?

[11:42] {dino} sgms to flat hmin too

[11:43] {strider} sgms entry at .20, no?

[11:43] {strider} oh, toooo flat..

[11:43] {dino} skbi drop, thin

[11:44] {strider} thought you meant you were exiting flat.

[11:44] {dino} no stops to flat

[11:44] {strider} gotcha

[11:44] {strider} thx

[11:45] {dino} hmin, might want to lay out, trading gappy

[11:45] {strider} not in hmin

[11:45] {dino} ok

[11:46] {fernp} GLD again on lows

[11:49] {Threei} isn't it nasty?

[11:49] {Threei} 20 cents jump out of nowhere

[11:49] {fernp} yes, untradeable

[11:50] {Threei} look at 1 min on it, want to show you guys something

[11:50] {Threei} see greakdown at 10:47?

[11:50] {Threei} breakdown

[11:51] {Threei} perfect setup and floowed up perfectly

[11:51] {dino} hmin out .75, +.25

[11:51] {Threei} more or less decent setup, breakdown and follow up at 10:00

[11:51] {Threei} the rest is listless jumps up and down,.

[11:52] {Threei} seemingly setting up, then kills you if you try it.

[11:52] {Threei} Now,

[11:52] {Threei} have a look at market

[11:52] {fernp} Qs?

[11:52] {Threei} yup

[11:52] {Threei} see breakdowns at 10:00 and 10:47?

[11:52] {Threei} I don't think it's an accident

[11:52] {Threei} this thing works flawlessly when supported by the market,

[11:53] {Threei} but the tricky part is:

[11:53] {Threei} when market does nothing and stays in narrow range,

[11:53] {nemo} gld

[11:53] {Threei} GLD doesn't,

[11:53] {Threei} instead it pretends to form setup and trigger,

[11:53] {Threei} then ruins the play by sharp countermove

[11:54] {Threei} So, if this observation is correct, it's a player when the arket moves and "leave it alone" when it doesn't,

[11:54] {Threei} or better yet:

[11:54] {Threei} let's track down such "setup"

[11:54] {Threei} and fade it

[11:55] {Threei} let's papertrade this one for instance

[11:55] {Threei} .25 long

[11:55] {Threei} if stays above .15

[11:56] {Threei} market is locked, so by that theory it's likely to pretend to break down, then jump sharply

[11:56] {Threei} market selloff though will turn it into real breakdown

[11:58] {Threei} .20 break

[11:58] {Threei} if holding .10

[11:59] {fernp} paper?

[11:59] {Threei} or smallish shares

[11:59] {Threei} just testing the idea

[11:59] {fernp} ok

[11:59] {Threei} trying to turn enemy into friend

[11:59] {fernp} lol

[12:01] {Threei} modification #2

[12:02] {Threei} .16 trigger

[12:02] {Threei} if holdin above .10 again

[12:02] {fernp} feels like a nice breakdown (this is the typical breakdown I play)

[12:02] {Threei} lol, 5 sents stop on such animal

[12:03] {Threei} target closer to .30

[12:03] {Threei} sharp spike should take place now

[12:03] {Threei} if I got its behavior right

[12:04] {Threei} (RU) Reportedly Russia Fin Min is still mulling a large gold sale after cancelling a sale from reserves due to a media leak (related GLD )

[12:05] {fernp} we have a new friend :)

[12:05] {Threei} lol

[12:06] {Threei} rwached 1:2, and probably would be good for more if not this headline

[12:06] {Threei} reached

[12:07] {Threei} most remarkably, was possible to play with 5 cents stop

[12:07] {fernp} .25 was my virtual target and reached it

[12:08] {Threei} power of observation...

[12:08] {nemo} 55.20 3rd time for cat

[12:10] {dino} out sgms flat

[12:10] {strider} out sgms:(

[12:11] {dino} lets see if lod holds on it

[12:11] {strider} nice dbl bottom on 10 min chart

[12:11] {nemo} apol lost low

[12:12] {dino} lots of stuff i follow -10 to -20%

[12:12] {dino} in few days

[12:13] {strider} sgms I think the smart money just needs to reload

[12:13] {dino} esi back to july levels

[12:15] {dino} trades w/market

[12:15] {dino} today

[12:20] {nemo} apol could be in for big drop here

[12:21] {nemo} so much for second broken clock moment

[12:21] {Threei} 60 break

[12:21] {nemo} yeah

[12:22] {Threei} why not, nicely looking setup

[12:22] {nemo} invalidated now

[12:22] {Threei} will need to consolidate closer to it

[12:23] {nemo} sonafa...

[12:23] {fernp} 35 cents stop...

[12:25] {dino} ndx -5% 6 days

[12:25] {fernp} HIG not falling with market

[12:25] {nemo} aig short .89

[12:25] {Threei} IA) US House Panel passes the Iran refined petroluem sanctions act

[12:25] {Threei} - Note: Iran is a net importer of refined petroleum products

[12:26] {nemo} invalidate

[12:30] {Threei} Market Internals update at 12:30pmET

[12:30] {Threei} - NYSE volume 720M shares, about 40% above its three-month average; decliners lead advancers by 5.4:1.

[12:30] {Threei} - NASDAQ volume 1.33B shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.

[12:30] {Threei} - VIX index +5.5% to just over 26.00

[12:31] {dino} not good high vol. drops

[12:35] {fernp} Im long here HIG .51 stop under .45

[12:43] {Threei} Preview: Treasury's $41B 5-year note auction results due just after 1PM ET

[12:43] {Threei} - $41B auction size is a $1B increase from Sep and another record

[12:43] {Threei} - prior bid-to-cover ratio 2.40 with an average of 2.22 over the last 10 auctions

[12:44] {nemo} that could be a real buzz-kill

[12:45] {Threei} buzz?

[12:45] {Threei} there is a buzz to kill?

[12:45] {nemo} term for when in a chemically induced euphoria

[12:46] {nemo} and then an incident comes along to negate the mood

[12:46] {Threei} let me try again...

[12:46] {Threei} there is any sign of euphoria around, chemically induced or othrerwise?

[12:46] {nemo} no...but it could further the demise

[12:49] {dino} or that guy on family guy, mr. buzzkill, can't remember his first name

[12:49] {nemo} sonafa...apol

[12:51] {fernp} QID vad?

[12:51] {fernp} no go HIG

[12:52] {Threei} hard to tell... I believe in further breakdown in the market but shakeouts are everywhwere

[12:52] {fernp} thanks

[12:52] {Threei} and this auction comes in a few minutes

[12:53] {Threei} may send market down screaming or start a vicious bounce

[12:53] {Threei} anyone's guess

[12:53] {nemo} any ac/dc setups?

[12:53] {strider} hey, this is a family room!

[12:54] {Threei} Buzz Killintgton, dino

[12:54] {nemo} you mean the Vermont ski area?

06[12:55] * nemo slaps strider around a bit with a large book of threeish etiquette

06[12:56] * nemo reminds strider to think about who runs this asylum

[12:57] {strider} Vad the Impaler?

[12:57] {KSystems} who was this seeing his birthday every time the markets were going down?

[12:57] {nemo} yeah...Darth Vad

[12:57] {nemo} Du spinnst...

[13:01] {nemo} cof at support too

[13:01] {Threei} TREASURY'S $41B 5-YEAR NOTE AUCTION draws 2.388%; BID-TO-COVER RATIO 2.63 V 2.40 PRIOR AND 2.22 AVG OVER THE LAST 10 AUCITONS

[13:02] {nemo} the fed buy it all?

[13:02] {Threei} indirect bidders take 54.8% of competitive bids with 2.81% alloted at the high

[13:02] {dino} me ks

[13:02] {dino} -317

[13:02] {nemo} for what today?

[13:03] {dino} now fall 08-feb 09

[13:03] {Threei} well, what does this auction result mean?

[13:03] {dino} ]many -317 days

[13:03] {nemo} wtfn

[13:03] {nemo} I don't understand dinoish

[13:03] {Threei} HIG bounce starts

[13:03] {nemo} cof too

[13:04] {dino} patience remembers

[13:09] {Threei} MTXX...

[13:09] {Threei} class action suit dismissed

[13:09] {Threei} shrug

[13:09] {Threei} big deal

[13:11] {Threei} now, tell me FDA lifted that ban on their product troubled by loss of smell

[13:11] {Threei} and I'll grab all I can

[13:11] {Threei} that would send the stock to 10

[13:11] {Threei} or 15

[13:11] {ese} L fitb .8699 to be exact

[13:11] {ese} why don't we make it .87.....wha da ya say

[13:12] {Threei} no way

[13:12] {Threei} what kind of sloppy accounting that would be

[13:13] {ese} ya your right.....damn what was i thinkin

[13:14] {Threei} sin no more

[13:14] {Threei} nice bounce HIG

[13:14] {nemo} takes all the fun out of life

[13:14] {Threei} sorry nemo... I'll be known from now on as Buzz Killington

[13:15] {nemo} ahhh...amzn about to make 2nd test of VWAP...maybe...at .85

[13:15] {dino} thats the name

[13:15] {Threei} http://familyguy.wikia.com/wiki/Buzz_Killington

[13:15] {nemo} ohhhh...don't watch that show...hate everything about it except stewie

[13:16] {Threei} I just love the moment whehn he finishes his "joke", and Peter takes off his glassses and wipes his eyes with deep sigh

[13:16] {Threei} wow HIG

[13:17] {dino} hmin sm l .37

[13:17] {Threei} I think bounce continuation after pullback guys

[13:17] {Threei} no new lows for today

[13:18] {dino} psys sm l .05

[13:18] {Threei} HIG entry on pullback around .40

[13:19] {nemo} apol weak

[13:20] {dino} ya think, lol

[13:21] {nemo} in this runup dude...geez

[13:21] {magoo} CIT mental

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

[13:22] {Threei} 1:12:17 PM

[13:22] {Threei} CIT Group Inc Obtains $4.5B in financing through Expansion of Existing Secured Credit Facility; responds to Icahn letter

[13:22] {Threei} - expanded its current $3B senior secured credit facility by an additional $4.5B.

[13:22] {Threei} - The new $4.5B tranche, which is being provided by a diverse group of lenders, including many of the Companys bondholders, will be secured by substantially the same assets as the existing $3B tranche and any additional collateral that becomes available as a result of the Companys refinancing of certain existing secured credit

[13:23] {Threei} missed it

[13:27] {ese} out fitb .97 +.10

[13:27] {ese} all you really need is one good trade a day........

[13:33] {Threei} if you play 2 zillions little buggers, sure

[13:35] {ese} that was only 25k .......ehhhhhhhhh

[13:36] {Threei} Just 4% Trust Reporters More Than Themselves on Whats Good for America

[13:36] {Threei} that's really low % of idiots

[13:36] {Threei} unnaturally low

[13:42] {ese} lol

[13:43] {ese} pretty funny vad

[13:43] {Threei} moving target ese...

[13:44] {Threei} just as I celebrate sanity of population after reading something like that, I usually run into "35% believe higher tax helps economy"... and I am lost again

[13:46] {ese} yuuuuuuuuuup..............

[13:48] {Threei} HIG perfect bounce off .40

[13:48] {Threei} anyone got it?

[13:48] {tomg} i got it vad

[13:48] {fernp} missed

[13:48] {strider} rewind?

[13:48] {Threei} or you guys don't pay attention to any comment but exact immediate call?

[13:48] {Threei} ty tom

[13:48] {Threei} you made my day

[13:48] {Threei} someone pays attention

[13:48] {nemo} you said that a long time ago in moth-time

[13:48] {tomg} you made mine, too :)

[13:49] {ese} i'm just watchin......

[13:49] {Threei} strider... rewinding:

[13:49] {Threei} [13:17] {Threei} I think bounce continuation after pullback guys

[13:49] {Threei} [13:17] {Threei} no new lows for today

[13:49] {Threei} [13:18] {dino} psys sm l .05

[13:49] {Threei} [13:18] {Threei} HIG entry on pullback around .40

[13:49] {ese} still enjoying my last trade

[13:49] {ese} although.......if i can get into your habit vad....

[13:49] {strider} that was 30 minutes ago!

[13:49] {nemo} yeah...might as well been last century crissakes

[13:49] {ese} of selling half and hangin in there with

[13:50] {ese} other 1/2 with stop loss

[13:50] {ese} maybe could enjoy them more

[13:50] {nemo} amzn looking toppy

[13:51] {ese} ya strider.....the enjoyment can hang in there for a while......lifes to short not to enjoy

[13:51] {ese} what can i say

[13:51] {Threei} ese, if you feel you got the established direction, try it

[13:51] {strider} yeah, I've slept since then. :)

[13:51] {Threei} risk is none, you are playing with house money after booking half and trailing stop

[13:52] {Threei} look at HIG

[13:52] {ese} i need to buy vad a bottle of champaanea at the end of this year to celebrate the most successful trading year of my life

[13:53] {Threei} single malt will do

[13:53] {ese} done

[13:53] {nemo} I'll take a Bernkastler Doktor Beerenauslese

[13:53] {Threei} GM Reportedly GM to draw on Government loan in coming days - WSJ

[13:53] {Threei} **Note, earlier today GMAC was to sell $3B in FDIC backed 3-year bonds

[13:53] {ese} what the f&^% is that

[13:53] {nemo} wine

[13:53] {nemo} ask K

[13:54] {ese} wow never heard of tit

[13:54] {ese} it

[13:54] {nemo} arguably the best Riesling on the Mosel

[13:59] {Raven} Trockenbeerenauslese

[13:59] {nemo} yeah...if you can find it

[13:59] {Raven} I get it at the gas station

[14:00] {Threei} lol

[14:00] {ese} ha ha ha ha ha rotfl

[14:00] {nemo} I'm visiting my uncle for Thanksgiving...he's got two bottles of auslese

[14:00] {Raven} Speedway

[14:00] {nemo} We both no better than that Raven

[14:00] {ese} man.......now that made my day

[14:00] {nemo} know

[14:00] {Raven} lol

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

[14:00] {Threei} - NYSE volume 955M shares, about 40% above its three-month average; decliners lead advancers by 6.3:1.

[14:00] {Threei} - NASDAQ volume 1.76B shares, about 21% above its three-month average; decliners lead advancers by 3.6:1.

[14:00] {Threei} - VIX index +7% to just over 26.50

[14:01] {nemo} hell most "wine" stores don't carry it

[14:02] {Raven} too sweet anyway

[14:03] {nemo} Trocken...yeah...but I'd suffer through a Doktor, Graben, or Schloss Vollrads

[14:03] {Raven} Moonshine works for me

[14:03] {nemo} works for me too...just more painful to drink

[14:03] {Raven} does not take as much

[14:04] {nemo} helluva' lot cheaper though...not counting the ulcers

[14:04] {Raven} more toxic aldehydes and keytones in the wine

[14:04] {Raven} good shine is just CH5OH

[14:05] {nemo} I'll get over it

[14:07] {fernp} have to go. see you all tomorrow. good evening

[14:07] {Threei} take care fern

[14:09] {nemo} aig

[14:10] {dino} psys stopped -.25

[14:12] {Threei} I'll be very surprized if we make new low today

[14:14] {dino} coin toss imo

[14:16] {Threei} Short Setup: QID .44

[14:16] {Threei} if stays under .50

[14:16] {Threei} not a scalp looking for sizeable market bounce

[14:17] {nemo} you mean "drop"?

[14:17] {Threei} ??

[14:17] {Threei} it's QID

[14:17] {nemo} nevermind..IDIOT ME!

06[14:17] * nemo slaps nemo around a bit with a large trout

[14:18] {Threei} invalidated but watching for reestablishment

[14:18] {Threei} HIG should be bounce-ready around .60

[14:20] {nemo} vwap on hig is .60

[14:20] {dino} you were saying 3i?

[14:20] {dino} lows coming

[14:21] {Threei} so I'll be surprized

[14:21] {nemo} Lari!

[14:21] {Threei} won't be a first

[14:22] {Threei} HIG is ready with market help

[14:22] {dino} dji new lows

[14:23] {Threei} crap

[14:23] {dino} ndx surprise too

[14:23] {Threei} look what kills the market:

[14:23] {Threei} NY Fed Advisor: FOMC could change therate language nex tweek

[14:23] {dino} spx surprise

[14:23] {Threei} this is what stopped bounce in its tracks

[14:23] {nemo} no...not the language...anything but that

[14:25] {Threei} caught .56 on HIG

[14:26] {Threei} Auto Industry Group: Expecting China to initiate an anti dumping case against the Big 3 in the US; have not yet seen specifics

[14:26] {Threei} wtf

[14:28] {Threei} - Reports indicate that approx 9K vehicles are exported to China from the Big 3

[14:28] {Threei} yeah, that floods China with US-made cars

[14:28] {nemo} yeah...and they buy what...a million a month

[14:31] {Threei} Short Setup: QID .55 break if stays under .60

[14:32] {strider} what's the setup here?

[14:32] {Threei} double top

[14:32] {strider} k

[14:32] {nemo} 2nd peak inside bollinger bands

[14:35] {dino} psys rined

[14:36] {ese} gotta go all.......we have Chaka Khans daughter coming to see us at rehearsal today.....gonna be a fun day

[14:36] {Threei} take care ese

[14:36] {ese} cya vad

[14:36] {dino} cool

[14:37] {ese} yup

[14:37] {Threei} come on already market, it's time

[14:37] {Threei} sigh

[14:44] {Threei} can't get a grip on this moment

[14:44] {Threei} everytbhing was in place for a nice juicy bounce,

[14:44] {Threei} then this headline came about

[14:44] {Threei} and spooked players

[14:44] {Threei} whole dynamic changed

[14:45] {Threei} and btw, guess who is on TV

[14:45] {nemo} Kyra Sedgwick?

[14:45] {Threei} inventive

[14:46] {nemo} thank you...i guess

[14:46] {Threei} AIG...

[14:46] {Threei} mags... you here?

[14:47] {Threei} feels like fireworks coming... no technicals whatsoever though

[14:48] {magoo} up?

[14:48] {Threei} yeah

[14:49] {magoo} ok in

[14:49] {magoo} .96

[14:51] {Threei} does this qualify as fireworks?

[14:51] {magoo} no points does

[14:52] {magoo} like 38

[14:52] {Threei} eeck

[14:54] {Threei} US Pres Obama has signed $680B defense authorization bill for 2010

[14:54] {Threei} I just wish I knew why it must be done on TV

[14:57] {Threei} 50 cents

[14:58] {nemo} Propaganda Ministry

[14:58] {Threei} I knew it was your trade mags

[14:58] {Threei} personalized call

06[14:58] * Threei slaps magoo around a bit with a large roll of cash

[15:02] {dino} apol back to may levels

[15:02] {Threei} (EU) ECB's Noyer: no reason to raise interest rates at this time; US has everything to gain from strong USD

[15:02] {Threei} - No reason to believe global growth cannot return to 5% in coming years

[15:02] {Threei} - Many uncertainties remain in 2010 growth

[15:02] {dino} 52 week low 52s

[15:03] {Threei} dino... -40-50 is my finish bet

[15:04] {Threei} larisa is not here to take middle ground

[15:04] {Threei} so it's polarized bet, yours against mine

[15:05] {dino} the efficient market strikes again, see bidu, lol

[15:05] {Threei} lol

[15:05] {Threei} so, your call?

[15:05] {dino} my bet 3i towards lows, say 9770s

[15:05] {dino} so -95ish

[15:06] {Threei} I really want to put my money on that and short QID but this bouncing around just won't let me find a good entry

[15:14] {Threei} wow, am I off or what

[15:14] {dino} feels heavy

[15:16] {dino} all, trv held strong

[15:26] {Threei} RCL...

[15:27] {Threei} if stays uner .80, short on low break

[15:33] {Threei} Market Internals update at 3:30pmET

[15:33] {Threei} - NYSE volume 1.25B shares, about 42% above its three-month average; decliners lead advancers by 10.9:1.

[15:33] {Threei} - NASDAQ volume 2.29B shares, about 21% above its three-month average; decliners lead advancers by 5.1:1.

[15:33] {Threei} - VIX index +9% to just over 27.00

[15:33] {Threei} wow... serious volume came in today

[15:34] {Threei} (US) Consumer Group: US sugar supplies are inadequate and USDA should increase import quotas (related JJG IPSU )

[15:34] {Threei} are we running out of sugar?

[15:34] {Threei} last year it was rice, right?

[15:38] {nemo} cya tomorrow folks

[15:39] {Threei} take care nemo

[15:39] {Threei} dino you win

[15:40] {Threei} I really doubt on last 20 min we bounce that much as I need to save my bet

[15:43] {dino} anything's possible in this market.

[15:49] {dino} some brutal 2-3 day pullbacks

[15:53] {strider} See you guys tomorrow...

[15:54] {Threei} take care strider

[15:55] {strider} :)

[15:55] {dino} cya

[15:56] {dino} s/p gap 1040, oct 6

[15:59] {Threei} thank you asll

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {lasertrev} see ya

[16:03] {dino} fslr blood

[16:04] {Threei} First Solar Inc. Reports Q3 $1.79 v $1.74e, R$481M v $529Me

[16:04] {Threei} - Guides FY09 R$1.98-2.03B v $2.0Be (Guided FY09 R$1.9-2.0B on 7/30)

[16:05] {Threei} SYMC Reports Q2 $0.36 v $0.33e, R$1.47B v $1.43Be; Announces $1B buyback

[16:06] {dino} itri whack a mole

[16:07] {dino} who was asking on fslr today? pain

[16:07] {Threei} then more pain

[16:08] {Threei} if magoo wakes up and sees FSLR at 70 tomorrow, he will buy all shares there is

[16:08] {Threei} AKAM Reports Q3 $0.18 v $0.35e, R $206.5M v $199Me - Update

[16:09] {Threei} - The number of customers under recurring contracts at the end of the third quarter increased to a record 3,031, an 8 percent increase year-over-year.

[16:09] {dino} fslr gap around 122

[16:09] {dino} akam, nongap .38

[16:13] {dino} ok tomorrow big up, cramer just posted 9500 coming

[16:15] {Threei} here comes my bounce

[16:15] {dino} gn all

[16:15] {Threei} take care

Oct 27 2009

Finally a strong day with majority of trades working nicely. We limited mist of them to scalps to stay on careful side but nonetheless it shaped up quite well.

Session Time: Tue Oct 27 00:00:00 2009

[08:04] {magoo} morning

[08:06] {magoo} WHATTTTTTTTTTT

[08:06] {magoo} bidu down 73 points

[08:07] {magoo} 15 - 20 points the norm...73?????????????????????????

[08:10] {Threei} seems grossly overdone to me... but you know...

[08:10] {Threei} these things have inertia of their own

[08:10] {magoo} in all my years trading

[08:11] {magoo} bidu..goog never more than 30 points

[08:11] {Threei} DRYS report looked excellent... heavy selling into strength

[08:11] {magoo} we should take 200 somewghere amnd might catch 20 pts boss

[08:12] {magoo} can u get bidus report numbers?

[08:13] {Threei} Baidu.com Reports Q3 $2.07 v $1.83e, R $187.3M v $188Me

[08:13] {Threei} - Guides Q4 Revenues $174-180M v $204Me

[08:13] {Threei} - Q3 online marketing revenues +39% y/y

[08:13] {Threei} - Q3 active online marketing customers (+11.3% y/y and +6.4% q/q)

[08:13] {Threei} - Q3 revenue per online marketing customer +25.5% y/y

[08:13] {Threei} - Q3 R&D expenses +49.2% y/y

[08:13] {Threei} - Traffic acquisition costs as a component of cost of revenues were $28.7, representing 15.3% of total revenues v 11.8% y/y

[08:13] {Threei} - Comments:

[08:13] {Threei} - Baidu expects moderate year-over-year growth for the fourth quarter of 2009 due to the temporary negative impact anticipated when the Online Marketing Classic Edition is discontinued.

[08:13] {Threei} Baidu.com CEO Robin: Phoenix Nest System to have 10% impact on sales in Q4; sales impact may last "a couple of quarters"

[08:18] {magoo} i read it..is that THAT THAT bad?

[08:18] {Threei} not to me

[08:19] {Threei} but beware of forming a bias and trading on it

[08:19] {nemo} market sign how it's processing news on a bellewether?

[08:19] {nemo} good morning

[08:19] {Threei} right

[08:20] {nemo} I'm not as dumb as I look....then again...

[08:20] {nemo} Nobody could be THAT dumb...

[08:28] {Threei} mags

[08:28] {magoo} yea

[08:28] {Threei} this starts looking like first bounce area

[08:28] {Threei} but hey

[08:28] {Threei} you know how enormous the risk is on this animal

[08:28] {nemo} mags middle name

[08:31] {nemo} $ up .09

[08:31] {nemo} .07

[08:32] {Threei} 3 points up from my "call"

[08:32] {nemo} you play?

[08:32] {Threei} me no

[08:32] {nemo} towel stock?

[08:32] {Threei} me thinks of magoo who needs his dose of adrenaline

[08:34] {nemo} amzn in no-man

[08:34] {nemo} 's land

[08:35] {Threei} don't worry, it will hit new highs soon enough {G}

[08:36] {Threei} Iran govt: against sending a majority of its enriched uranium abroad all at once - Iranian State TV

[08:40] {Threei} (US) PIMCO's Bill Gross: GDP needs to stabilize at around +4% for the FOMC to raise rates

[08:40] {nemo} that'll be awhile

[08:41] {Threei} I wonder how hhe arrived to this particular number

[08:41] {Threei} and why it's the only indicator for such broadly involved move

[08:43] {Threei} DRYS is trying

[08:44] {KSystems} morning

[08:44] {nemo} morgen

[08:44] {Threei} ks :)

[08:45] {magoo} unlkess there is other news or something coming out..this BIDU is just STUPID

[08:46] {magoo} 84 points!!!!!!!!!!!!!!!!!!!!

[08:46] {Threei} DryShips, Inc Esitmates 2010 ship charter coverage at 92% with charters averaging $33,860/day - conf call comments

[08:46] {Threei} - Estimates 2011 ship charter coverage at 77% with charters averaging $37,110/day.

[08:49] {ese} morning

[08:49] {Threei} ese :)

[08:49] {Threei} mood is changing on it mags

[08:49] {ese} morning vad..and dude

[08:50] {magoo} in the context of this fall..it has yet to bounce

[08:51] {magoo} c'mon..it could bounce 40 points and still be a crushing

[08:51] {magoo} but i can tell its not going to do that

[08:52] {Threei} the question is, can you stomach 10 points drop if it choses to do so first?

[08:53] {magoo} anyone know where support is? like 335 or something?

[08:53] {ese} wow......bidu....82pt drop

[08:54] {nemo} 344

[08:54] {magoo} and why?

[08:54] {nemo} gap

[08:55] {nemo} next probably 317 area

[08:55] {nemo} then 304

[08:56] {fernp} Good morning everybody

[08:56] {Threei} fern :)

[08:56] {Threei} panic

[09:00] {Threei} AUG S&P/CASE SHILLER HOME PRICE INDEX: 146.0 V 144.2 PRIOR

[09:00] {nemo} $ -.03

[09:09] {nemo} maybe got your right shoulder on BIDU

[09:10] {Threei} need 350 decisive break for confirmation

[09:13] {strider} morning all:)

[09:13] {Threei} strider :)

[09:13] {ese} strider

[09:14] {Threei} DRYS battle

[09:15] {strider} CE, LDK, HMC

[09:15] {magoo} real battle @ 350

[09:16] {strider} Not as exciting as BIDU

[09:16] {ese} drys will follow the markets.......if the day goes down so will it ......even though the q was good.....it won't act on it's own

[09:16] {Threei} I agree ese

[09:17] {ese} i sold my position in it yesterday morning......and am now in a wait and see game

[09:17] {Threei} here we go BIDU

[09:20] {ese} i don't know that i've ever woken up to seeing something down 80 some points before......it's rare for me anyway

[09:21] {larisa} gm :)

[09:21] {magoo} OUIT 350.- to 354.50

[09:21] {nemo} 20% drop?

[09:21] {Threei} who went for it, be humble

[09:21] {magoo} WHEW

[09:21] {Threei} take 4 points jump

[09:21] {ese} larisa

[09:21] {Threei} larisa :)

[09:21] {Threei} wtg mags

[09:21] {nemo} Lari :)

[09:21] {larisa} :)

[09:21] {magoo} scared

[09:21] {dptl} morning

[09:21] {magoo} even me

[09:21] {Threei} dp :)

[09:21] {ese} wow mags

[09:21] {Threei} rightly so

[09:22] {ese} you bet scary

[09:22] {dino} gm all

[09:22] {Threei} AMZN trade looks like your average walk in the park comparing to this

[09:22] {ese} good job

[09:22] {Threei} dino :)

[09:23] {ese} eeeeyaaaaaaaaa

[09:23] {ese} give me amzn anyday over bidu

[09:24] {dino} funny 42% growth, no good

[09:25] {ese} is that for bidu 42%

[09:25] {dino} yeah

[09:26] {dino} wynn beats and drops .33 vs .15 est

[09:26] {Threei} there are buts in there

[09:27] {dino} a chair for every butt

[09:27] {Threei} not with BIDU... chairs are far and few between in it

[09:27] {Threei} a lot of butts miss their chair and hit the floor with thud

[09:28] {ese} lol

[09:29] {magoo} lowered guidance BIDU..thats why

[09:29] {Threei} switch to new technology impact

[09:32] {Threei} HIG, watching for pullback entry

[09:32] {Threei} under .60

[09:32] {magoo} AMZN kicked here

[09:33] {magoo} server vad

[09:33] {Threei} 12

[09:33] {cosmo} MDVN 28 hod ...so far

[09:34] {magoo} ty

[09:35] {Threei} missed HIG

[09:35] {Threei} anyone got it?

[09:35] {Threei} got distracted by LULU for one second

[09:36] {nemo} aig tank

[09:37] {magoo} u know..its a shame bidu didnt bounce like this BEFORE the bell..i would have rode it...but was tio afraid to hold into open

[09:38] {magoo} i KNEW it

[09:38] {magoo} 85 points is RETARDED

[09:39] {cosmo} AGNC

[09:39] {cosmo} tries to heal maybe

[09:41] {Threei} Short Setup: CAT half lot .10 break

[09:41] {Threei} if stays under .25

[09:42] {ese} drys broke yesterdays low

[09:42] {Threei} things are really jumpy this morning

[09:43] {ese} market will be in correction mode for a little bit i think......... imo

[09:43] {Threei} long overdue

[09:44] {magoo} in cat

[09:44] {Threei} US) Preview: Oct Richmond Fed Manufacturing Index due out at 10amET

[09:44] {Threei} **consensus expectation: 14e v 14 prior

[09:45] {Threei} US) Preview: Oct Consumer Confidence due out at 10amET

[09:45] {Threei} **concensus expectation: 53.5e v 53.1 prior

[09:45] {cosmo} AGNC 26.60 hod

[09:45] {cosmo} gonna test

[09:46] {cosmo} i think

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

[09:46] {nemo} ty

[09:47] {magoo} my quotes so bad..tried every server..gonna revbboot

[09:48] {Threei} your end mags

[09:48] {Threei} fine here

[09:49] {ese} yrcw.....at it again

[09:49] {Threei} what's with me and HIG today, keep missing it

[09:50] {Threei} Long Setup: RIMM half lot .70 break

[09:51] {Threei} never mind

[09:51] {cosmo} AGNC 26.60 testing

[09:51] {cosmo} possible pivot

[09:53] {magoo} back

[09:55] {magoo} iun anything?

[09:55] {nemo} coma?

[09:55] {Threei} numbers in 5

[09:55] {Threei} let's wait them out

[09:55] {magoo} oh

[09:56] {Threei} smackdown can be harsh

[09:56] {Threei} don't want to get caught in extreme reaction

[09:56] {Threei} a lot of stocks more nervous today than usual as it is

[09:57] {cosmo} agnc

[09:58] {Threei} GLD forming breakdown

[09:58] {Threei} .60

[09:59] {Threei} if numbers send market down, that's a good short

[09:59] {nemo} aig poised to drop

[09:59] {fernp} LVS too

[10:00] {Threei} OCT RICHMOND FED MANUFACTURING INDEX: 7.0 V 14E

[10:00] {Threei} *(US) OCT CONSUMER CONFIDENCE: 47.7 V 53.5E

[10:00] {nemo} oh boy

[10:00] {Threei} yikes

[10:00] {nemo} sell the women and children

[10:00] {Threei} to whom?

[10:00] {Threei} no buyers in sight

[10:00] {nemo} eh...good point

[10:00] {Threei} lol

[10:01] {Threei} EUR/USD USD firms on risk aversion following consumer confidence data

[10:01] {cosmo} offer a free trial, nemo

[10:01] {Threei} anyone went for GLD, start covering

[10:01] {strider} out GLD .22 thanks

[10:01] {Threei} wtg

[10:02] {Threei} watching HIG for bounce

[10:04] {Threei} something about it today, can't get a read on it

[10:04] {strider} LDK holding well

[10:04] {strider} upgrade

[10:04] {Threei} sheesh, how did I forget about CAT on those numbers

[10:04] {Threei} what a short that wads

[10:08] {ese} whats going on.....all my quotes have stopped

[10:08] {Threei} Short Setup: AMZN .50 break

[10:08] {Threei} half lot

[10:08] {Threei} if stays below .65

[10:08] {Threei} invalidated

[10:10] {ese} out of commision here...patience how about you

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

[10:11] {Threei} if stays above .40 for scalpers

[10:11] {Threei} .35 for day traders

[10:12] {magoo} in

[10:12] {Threei} big offer at .50, why go in aggressively

[10:12] {nemo} You're asking Magoo?

[10:12] {magoo} half lot..will add at trigg

[10:13] {magoo} like to get in

[10:13] {magoo} add as it goies

[10:13] {magoo} me and jesse

[10:13] {magoo} livermore

[10:13] {magoo} see

[10:13] {Threei} 1:1 for scapers

[10:13] {fernp} ty

[10:13] {nemo} Lari!

[10:14] {Threei} 1:1 for day traders

[10:14] {strider} out +.17 HIG

[10:14] {strider} early entry

[10:14] {Threei} finally found entry on this thing, lol

[10:14] {fernp} great job strider

[10:14] {strider} Thanks...I hate to get caught up in the rush

[10:15] {magoo} out .73 TY

[10:15] {Threei} welcome

[10:15] {gnslng} ty

[10:15] {Threei} :)

[10:15] {ese} well i'm cut off.......no quotes from broker

[10:15] {magoo} i knew u'd get it right 1 of those tries

[10:15] {strider} who's your broker, ese?

[10:15] {ese} questrade in toronto

[10:16] {Threei} ese is trading with "I know I should have dumped this piece of crap long ago"

[10:16] {ese} been to lazy to change

[10:16] {ese} yup

[10:16] {magoo} i thinking of switching to them

[10:16] {Threei} lol

[10:16] {magoo} heard great things

[10:17] {ese} such as

[10:17] {strider} CNC

[10:17] {ese} somebody give me a quote for drys

[10:17] {magoo} well..i heard they are 286 and commodore compatible

[10:17] {Threei} am I blind today or what

[10:17] {Threei} clean double top on AMZN

[10:17] {Threei} lol

[10:18] {Threei} I knew it oughta be good mags

[10:18] {Threei} 6.52 ese

[10:18] {ese} tks

[10:18] {strider} VAD, IACI.

[10:19] {strider} ?

[10:19] {Threei} if we were in uptrending market, I'd say buy it and leave it alone for couple hours

[10:20] {Threei} as it is... really don't know

[10:20] {Threei} hate to go long in this swamp,

[10:20] {strider} thx

[10:20] {Threei} hate to short uptrending stock

[10:22] {Threei} (RU) Russia Central Bank: more than 30 banks with serious problems

[10:28] {fernp} SYY also is a hod breakout

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 300M shares, about 6% above its three-month average; decliners and advancers are about even.

[10:31] {Threei} - NASDAQ volume 590M shares, about 5% above its three-month average; decliners and advancers are about even.

[10:31] {Threei} - VIX index +1.75% to just under 25.00

[10:31] {Threei} QTWW Fisker Automotive confirms to buy auto plant for $18M; to build plug in hybrids (1.46, +0.11, 8.15%)

[10:36] {Threei} cat

[10:36] {Threei} want to find short entry on it

[10:37] {Threei} would prefer a bounce instead of breakdown

[10:37] {magoo} hey trev

[10:38] {lasertrev} hey magoo

[10:38] {ese} i'm back

[10:38] {Threei} no bounce

[10:38] {larisa} 56.45 support CAT

[10:38] {Threei} .45 break is short setup

[10:39] {Threei} if stays under .60

[10:40] {Threei} no go

[10:40] {magoo} futes trying up

[10:40] {Threei} I knew I didn't want breakdown

[10:41] {Threei} and HIG .40 break occured faster than I could alert

[10:42] {Threei} look at this clean 1:2 in 1 bar

[10:43] {magoo} mkts STRONG here

[10:43] {magoo} unreal

[10:43] {nemo} had two strong down days, makes sense

06[10:43] * magoo slaps nemo around a bit with a large trout

[10:44] {magoo} that makes more sense

[10:44] {nemo} in your twisted cranium

[10:44] {magoo} in the movie...u are the mad cap'n lol

[10:45] {nemo} takes one...

[10:45] {Threei} I hate to do it but

[10:45] {Threei} Long Setup: CAT 57 break

[10:45] {Threei} half lot

[10:45] {nemo} said with such conviction...

[10:46] {Threei} low of pullback before break plus a few cents will be stop

[10:46] {fernp} stop Vad?

[10:46] {fernp} ok

[10:46] {Threei} if breaks from here, .90 low

[10:48] {Threei} Long Setup: HIG .60 break if stays above .50

[10:50] {ese} L drys .55

[10:51] {Threei} HIG invalidated

[10:51] {fernp} CAT invalidated, no Vad?

[10:52] {Threei} yeah, too deep pullback

[10:52] {Threei} biunce maybe, breakout - no

[10:52] {fernp} ok

[10:52] {nemo} spy broke trend

[10:54] {Threei} (US) Reportedly US Congressional Deomcrats to unveil Bill to target tax evasion

[10:54] {nemo} Mmmhhhh...wonder if they'll go after Rangel

[10:58] {Threei} CAT reestablished

[10:59] {nemo} oops

[10:59] {fernp} a bit late

[11:00] {strider} ese you still in DRYS?

[11:01] {Threei} CAT, same setup again

[11:01] {Threei} invalida'ted

[11:01] {Threei} lol

[11:03] {ese} yup....

[11:03] {strider} thx

[11:03] {ese} will be accumulating a position over time here

[11:03] {strider} for overnight hold?

[11:04] {magoo} vad..start following AMZN please

[11:04] {ese} no this is a swing positon....maybe longer......

[11:04] {strider} k

[11:05] {ese} 20

[11:05] {ese} am prepared to take some heat if i have to

[11:06] {nemo} H&S on spy and Qs

[11:10] {Threei} watch for dive under 122 for double bottom entry mags

[11:12] {magoo} ty

[11:13] {magoo} jusyt want mkt cooperatiuoin troo

[11:14] {magoo} sigh..typing lol

[11:14] {Threei} lol

[11:14] {magoo} thats bad

[11:22] {dino} wynn sept gap fill

[11:24] {nemo} aapl should bounce around .60

[11:25] {nemo} I lied...amzn

[11:25] {larisa} confused me for sure:)

[11:26] {fernp} HGSI is holding on highs

[11:26] {Threei} remarkable strength

[11:28] {fernp} Im long .61 w/stop under .50

[11:28] {fernp} small shares, is lunchtime

[11:29] {Threei} good one

[11:29] {fernp} you know i am out, true? lol

[11:30] {fernp} ty

[11:36] {dino} ibcpo

[11:37] {magoo} i hit amzn .99

[11:37] {magoo} long

[11:39] {magoo} want more than a scalp...but u know what greedd gets magoo

[11:41] {larisa} half a point is not really a scalp :)

[11:41] {Threei} in magoo terms it is

[11:41] {larisa} lol

[11:41] {magoo} ok..u gonna start with me or what ??

[11:41] {dino} sgms sm l .50

[11:41] {larisa} .99 entry on pullback was good though

[11:42] {larisa} it is still uptrending, still has a chance

[11:45] {Threei} Wynn Resorts LTD CEO: If things continue the way they are, we will equal or beat 2008 revenue in Las Vegas - conf call

[11:45] {Threei} - The room rates for everybody in Vegas are down, all visitors are spending less in Vegas.

[11:45] {Threei} - "Bigger is not better in our business, better is better."

[11:46] {dino} hmin sm l .25

[11:47] {dino} better is better, profound

[11:47] {cosmo} but best is best

[11:48] {dino} :)

[11:48] {Threei} and let me guess... worse is worse?

[11:50] {cosmo} " best is best; never let it rest...."

[11:50] {dino} so the old "not bad as in bad, but bad as in good" is out

[11:51] {cosmo} hmmmm....now i need a nap

[11:51] {Threei} to say I am confused would be understatement of the day

[11:52] {magoo} l cat cross of 57

[11:52] {magoo} long

[11:52] {magoo} just a scalp

[11:52] {fernp} FITB lod

[11:55] {magoo} god dammit..i said in here pre mkt that bidu should have a 40 point bounce....im not as nuts as u all think

[11:55] {nemo} nuts yeah...stupid...no

[11:55] {magoo} 40 freaking pt bounce going on

[11:59] {dino} sgms to .90

[11:59] {magoo} CAt cant get out of ANUS

[12:00] {dino} nasty

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 535M shares, about 11% above its three-month average; advancers lead decliners by 1.1:1.

[12:01] {Threei} - NASDAQ volume 1.05B shares, about 4% above its three-month average; decliners and advancers are about even.

[12:01] {Threei} - VIX index +0.50% to just under 24.50

[12:02] {dino} out sgms .90, +.40

[12:02] {fernp} gj

[12:02] {dino} ty

[12:02] {larisa} just a scalp :)

[12:02] {Threei} A{ZN feels like breakdown

[12:02] {Threei} AMZN too

[12:02] {nemo} lari!

[12:03] {larisa} magoo is bad influence.. vad too..

[12:04] {Threei} and when we cooperate...

[12:04] {larisa} me and dino run fast :)

[12:05] {Threei} if anyone went for AMZN short, look for sharp dive

[12:05] {Threei} here it comes

[12:05] {dino} mrvl sm l .70, gap filled

[12:07] {Threei} ok... traditional questional comes

[12:08] {Threei} guess who is on TV...

[12:08] {strider} Leslie Caron

[12:08] {nemo} you want a guess?

[12:08] {nemo} Kate Beckinsale?

[12:08] {nemo} Strider wins on originality

[12:09] {Threei} how comes after a few months of me asking this and answer being the same, no one guesses right still {GGG}

[12:09] {strider} Bob Dylan

[12:09] {nemo} ahhhh....the jewish folksinger

[12:10] {strider} yadda yadda yadda

[12:10] {nemo} If I were a rich mannnnn.....

[12:10] {nemo} poor Raven

[12:12] {strider} If I would just get up every monring, sell NTES, and go back to bed--I'd be a lot better off.

[12:13] {Threei} yeah but should you try the same in July -Aug...

[12:16] {strider} So, then I would be selling encyclodpedias?

[12:17] {Threei} lol

[12:21] {magoo} ok magoo update

[12:21] {ese} nemo.....you there

[12:21] {nemo} dude

[12:22] {ese} do you have the ability to calculate the vwap for drys for the last 6 monts

[12:22] {magoo} vads amzn call got me out 121..flat...i then reloaded the next cross over 121..and exited here .64

[12:22] {magoo} ty boss

[12:22] {nemo} I'll check

[12:22] {dino} wynn sm l .65 wide

[12:22] {Threei} sure thing

[12:23] {ese} it just bolunced of the 200 ma which is big for funds

[12:23] {ese} bolunced??

[12:23] {ese} i like that

[12:23] {ese} how bout bounced

[12:23] {nemo} whadya' want to know ese?

[12:24] {ese} baited breath on this side of room

[12:24] {ese} ?

[12:24] {dino} we call that zackly

[12:24] {ese} what the price is for vwap on drys...last 6 months

[12:25] {nemo} anchored it in march...it's right at vwap @ 6.51

[12:25] {ese} tks.....

[12:28] {strider} Is AMZN looking like a long breakout?

[12:28] {Threei} the biggest event of the day is, AGAM has moved away from 14.50

[12:29] {nemo} YIPPEEEEE!!!!

[12:29] {Threei} 50/50 strider

[12:29] {Threei} can break down losing .50 just as easily

[12:29] {strider} you mean like that?

[12:30] {Threei} lol

[12:30] {ese} dis is berry berry gouud to no fur sving traind.

[12:30] {nemo} remind me not to calculate for you while I'm watching a couple of levels...both cat and aig dropped on me

[12:31] {ese} when drys pays off again....i'll send ya a bottle of wine.......much appreciated

06[12:32] * nemo {---crying

[12:32] {ese} there there....there there.........my family is deeply in your debt

[12:33] {nemo} no I'm in debt...you've cleaned up this year...by the way...cof short on a pullback?

[12:33] {ese} and so is vad........i can afford to be on the board for longer

[12:36] {Threei} when the market gets locked like this, I don't want to push anything

[12:36] {Threei} recipe for stop after stop

[12:40] {Threei} F Reportedly struggling with UAW to win concessions in labor negotiations (7.38, -0.09, -1.20%)

[12:41] {dino} uaw wants another govt motors

[12:42] {dino} wynn stopped -.40

[12:42] {Threei} sure... why do they need competition...

[12:43] {ese} yaaaaa exactly........my point as well..................ahhhh what were we atlking about

[12:43] {strider} EXPE interesting

[12:44] {dino} wait until airlines union figures this out

[12:47] {ese} ok one adrenalin rush needed L pnc .01

[12:48] {ese} out pnc .10 +.09

[12:48] {dino} that wynn is a pain

[12:49] {dino} hmin stopped

[12:49] {ese} no it wasn't ....i rather enjoyed my last win

[12:49] {dino} hmmm

[12:49] {ese} I don't deserve to be on the board today do I..........really really bad jokes coming from my end

[12:50] {larisa} relax ese and start fresh.. good morning :)

[12:50] {ese} lol

[12:50] {ese} good morning

[12:50] {Threei} Long Setup: HIG .46 if stays above .40

[12:51] {ese} vad missed my bathroom joke though......maybe that was a good thing

[12:52] {Threei} here is real bathroom joke:

[12:52] {Threei} JPM CEO Dimon: large corporate credit is "flowing" - TV interview

[12:53] {Threei} USD strength will depend of budget discipline - TV interview

[12:53] {Threei} - Any chance of financial armageddon taking place is over

[12:54] {nemo} budget discipline? ahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahah

[12:54] {Threei} needless to say, HIG is invalidated

[12:55] {nemo} must of read what dimon said.

[12:56] {Threei} Short Setup: CAT .60 break if stays under .70

[13:00] {magoo} in

[13:03] {dino} sm l wynn .00

[13:06] {Threei} okay CAT

[13:06] {Threei} it's time

[13:06] {Threei} here kitty kitty

[13:07] {fernp} ty

[13:07] {Threei} yw

[13:07] {magoo} lol

[13:18] {Threei} HIG is not dropping with market anymore

[13:18] {Threei} watching as bounce candidate

[13:19] {nemo} neither is cat

[13:19] {Threei} if market recovers any, HIG won't be a scalp

[13:19] {Threei} should return to .40 roughly

[13:22] {Threei} (IS) Sky News reports a rocket has been fired from South Lebanon toward Israel

[13:26] {magoo} cat finally

[13:27] {magoo} covered .45 TY

[13:27] {Threei} welcome

[13:31] {fernp} I traded AET this morning, is another insurance company like HIG and still is strong. Maybe a good candidate if market bounces

[13:32] {dino} aet heath insurance hmo. hig is property/casualty/life/annuity fwiw

[13:33] {dino} the govt option will hurt the hmo

[13:33] {dino} imo

[13:33] {Threei} yeah, a bit different animal

[13:34] {fernp} insurance companies (both in KIE etf)

[13:38] {ese} gotta go catch you all tomorrow......

[13:38] {Threei} take care ese

[13:38] {ese} see ya vad

[13:39] {fernp} bye ese

[13:40] {Threei} Short Setup: QID .80 break if holdong below .90

[13:41] {strider} missed it

[13:41] {fernp} late here

[13:41] {nemo} me too

[13:42] {Threei} broke down fast

[13:42] {Threei} or I was late

[13:42] {Threei} or both

[13:42] {nemo} your fault

[13:42] {Threei} yup

[13:42] {nemo} it was right there

[13:44] {Threei} nice bounce HIG

[13:44] {Threei} no technical entry point, just had to go with masrket

[13:46] {dino} hate to say it, but the earnings misses are acting like last fall misses

[13:46] {nemo} that is....

[13:46] {Threei} you assume anyone remembers what happened last fall

[13:46] {nemo} what's my name?

[13:46] {dino} of course

[13:46] {strider} all the leaves fell off the trees :(

[13:47] {Threei} last time I pooled this room, no one could remember who I was

[13:47] {nemo} it's painful

[13:47] {magoo} enlighten me

[13:48] {dino} major blood on misses

[13:48] {dino} 10%

[13:49] {Threei} and sell=offs after brief spikes on beats

[13:50] {dino} i don't recall spikes, lol

[13:51] {magoo} could we successfully trade it? i dont remember any of it

[13:51] {Threei} kidding? we killed last fall

[13:51] {magoo} reaqlly?/we made good dough?

[13:52] {Threei} sigh... I am going to monastery

[13:52] {Threei} stretches of week after week with no losing days while whole world cried, and no one remembers

[13:54] {strider} I remember, Vad:)

[13:54] {nemo} me too

[13:54] {tomg} lastertrev, see dcc

[13:55] {fernp} took another +13 on AET from .86 to .99 :)

[13:55] {Threei} yeah... but who are you two?

[13:55] {Threei} wtg fern

[13:55] {fernp} ty

[13:55] {nemo} fine

[13:55] {Threei} don't get upset nemo, I don't remember who magoo is just as well

[13:55] {strider} Just trying to suck up to da man.

[13:56] {Threei} moth-like memory is a requirement, you know

[13:57] {Threei} US) US Senator Lieberman would join a Republican filibuster of Majority Leader Reid's healthcare reform bill - Politco.com

[13:57] {Threei} - Politico reports that Lieberman, who caucuses with Democrats and is positioning himself as a fiscal hawk on the issue, said today he would join a potential filibuster on concern about the costs of the plan.

[13:58] {nemo} from Ct. isn't that where hig is hq'd?

[13:58] {dino} y

[13:59] {nemo} hehehe

[14:00] {nemo} can't tell if amzn is going up or down, but about to run into the 200 ma

[14:00] {nemo} weighted that is

[14:01] {larisa} 119.50 was a gift db, missed it.

[14:05] {Threei} fern... see how different dynamics are between AET and HIG?

[14:05] {Threei} health care bill reflects on AET

[14:05] {fernp} yes

[14:05] {Threei} public option sends it down screaming... no public option keeps it floating

[14:07] {fernp} AET is long here again w/stop under .90 or .95 for pesky ones :)

[14:08] {Threei} probably... swims well, juts needs market to stop dropping

[14:08] {Threei} tests day high

[14:08] {Threei} and that's with market not far from day's low

[14:09] {nemo} amzn 4th test of this level

[14:09] {fernp} exactly!!!

[14:10] {Threei} Market Internals update at 2:00pmET

[14:10] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 1.7:1.

[14:10] {Threei} - NASDAQ volume 1.54B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.

[14:10] {Threei} - VIX index +3% to just over 25.00

[14:10] {Threei} time for bounce

[14:10] {Threei} come on market, let' pretend one last time you have spine

[14:10] {nemo} bidu at vwap for mags

[14:10] {Threei} Long Setup: HIG .10

[14:12] {fernp} stop under 24?

[14:13] {Threei} yeah

[14:13] {Threei} AET merrily moves on merely suggestion of uptick by the market

06[14:15] * Threei kicks hig in the rear with heavy duty army boots

[14:15] {nemo} hadn't pulled the boots out in a while

[14:16] {Threei} color me irritated

[14:16] {Threei} 1:1

[14:17] {Threei} AET pure beauty

[14:17] {fernp} i am out on both :) HIG and AET

[14:17] {Threei} gj

[14:17] {fernp} ty

[14:17] {Threei} perseverance fern... :)

[14:17] {Threei} couple dubious days... shrug off, come back fresh, trade well

[14:17] {Threei} reward comes quickly

[14:18] {fernp} sun shines again

[14:20] {gnslng} me too ty +.10

[14:21] {Threei} :)

[14:21] {Threei} AET 30 cents move from break

[14:21] {Threei} HUM moved even more

[14:21] {Threei} same area

[14:21] {Threei} thinner one

[14:22] {Threei} let's keep them in mind as health care debate comes to final stages

[14:23] {Threei} (IS) Reportedly Israel retaliates, firing several shells into Southern Lebanon

[14:23] {Threei} **Reminder: earlier Israeli police reported a Katyusha rocket or mortar shell was fired from Lebanon into Northern Israel causing no casualties or damage.

[14:24] {Threei} where the hell do they get katyusha... WW2 weapon

[14:25] {larisa} crisis, one of the new russians sold from his backyard collection

[14:25] {Threei} lol

[14:25] {Threei} upgraded to Grad?

[14:25] {larisa} nah, they like old things :)

[14:26] {Threei} HIG 1:2

[14:27] {gnslng} did you partial on the way ?

[14:28] {Threei} no

[14:28] {gnslng} thks

[14:28] {Threei} I barely see screens through the tears

[14:29] {Threei} regret of selling AET at .20

[14:29] {fernp} Have a nice evening everybody. See u all tomorrow

[14:29] {Threei} take care fern

[14:29] {Threei} we will kill them tomorrow again

[14:29] {Threei} unless they kill us

[14:29] {fernp} :)

[14:31] {Threei} UBS Technincal Note: Equity Analysis highlights short term sell signals

[14:31] {Threei} - a note out during European trading hours suggests a larger divergence in momentum and volume indicators along with SP 500 break of key support at 1080 opens up a move towards 1000 over the next 2 weeks. 1048 seen as possible support level, but sell signal remains in tact barring a breakout above 1100.

[14:32] {Threei} Econ Shiller: recent US home price gains unsustainable - TV interview

[14:47] {Threei} Short Setup: AET .40 break

[14:47] {strider} in

[14:49] {strider} stop .50 something?

[14:49] {Threei} just above

[14:50] {Threei} picking only plays with tight stops, not more than 10 cents range

[14:52] {Threei} FDX Hearing added to SOLAR Buy list at Deutsche Bank (timing uncertain)

[14:52] {Threei} huh?

[14:52] {Threei} SOLAR is not solar I guess?

[14:52] {Threei} some acronym?

[14:52] {nemo} FDX=Fed Ex

[14:53] {Threei} 'cause what does FDX have to do with solar, lol

[14:55] {nemo} spy green

[14:56] {Threei} [14:10] {Threei} time for bounce

[14:56] {Threei} [14:10] {Threei} come on market, let' pretend one last time you have spine

[14:56] {Threei} now I am crying about HIG too

[15:04] {dino} aug, sept, oct now dropped 3-3.5% after expiration. does the pattern cotinue and we soon go up

[15:04] {Threei} looking at daily, we are right at such poinmt

[15:04] {dino} previously, we would drop the week before exp. lasted about 8 months, until july

[15:05] {Threei} but my bet is, "this time it's different"

[15:05] {dino} you see what i see on the point. but not sure this time is different, we shall find out soon

[15:05] {Threei} this pullback should be much deeper

[15:05] {Threei} I do

[15:05] {Threei} exact repetition so far

[15:06] {dino} on dji yes, but s/p, and ndx are there, mo

[15:06] {Threei} two differentces though

[15:06] {Threei} first, volume pattern changed

[15:06] {Threei} red days became much heavier than green ones

[15:07] {Threei} and second, we are geting selling on good earnings

[15:07] {strider} outAET flat

[15:07] {strider} gotta run...see you guys tomorrow.

[15:07] {magoo} c u strider

[15:07] {dino} cya

[15:07] {nemo} you outta aet?

[15:08] {strider} yeah.....out flat.

[15:08] {dino} feels a bit different, but so did last months' end

[15:08] {Threei} take care strider

[15:08] {dino} sentiment seems to change on a dime

[15:08] {nemo} we're drowning in liquidity this year...last year we were dying of thirst

[15:11] {dino} extending homebuyers credit, key dems

[15:12] {Threei} AET 1:1

[15:12] {Threei} whart happened today?

[15:12] {Threei} every trade works

[15:13] {Threei} I am uncomfortable, lol

[15:13] {magoo} let me help

06[15:13] * magoo slaps Threei around a bit with a large trout

06[15:13] * magoo slaps Threei around a bit with a large trout

06[15:13] * magoo slaps Threei around a bit with a large trout

[15:13] {Threei} hmmm... just how does it help, pray tell?

[15:14] {magoo} trust me...i feel much better

[15:14] {Threei} I mean, I am lying on the floor now and reek of fish

[15:14] {Threei} you maybe

[15:14] {Threei} I, not so much

[15:16] {Threei} nemo, out AET?

[15:16] {nemo} yep

[15:16] {Threei} kewl

[15:16] {nemo} ty

[15:17] {nemo} hate those rides to the edge

[15:17] {Threei} yeah, tough on nrves

[15:17] {nemo} reminds me of skiing off cliffs by accident

[15:17] {nemo} hair can't get any grayer

[15:19] {nemo} nice trendlines on spy and qs

[15:20] {nemo} amzn mags

[15:21] {nemo} this rise on dropping volume though

[15:25] {Threei} seems to be breakdownish to me here

[15:26] {Threei} not going to trade it though

[15:37] {Threei} HIG near 24 again

[15:37] {Threei} third time

[15:38] {Threei} AET 1:2 - pity we are not in anymore

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; decliners lead advancers by 1.6:1.

[15:40] {Threei} - NASDAQ volume 1.98B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.

[15:40] {Threei} - VIX index +1.35% to just over 24.50

[15:40] {Threei} last scalp?

[15:40] {Threei} Long Setup: HIG .06

[15:40] {Threei} stop is self-explanataory

[15:44] {Threei} 1:1

[15:44] {Threei} what, everyone suddenly fell asleep?

[15:47] {nemo} yeah...you said you weren't going to trade it

[15:47] {Threei} ??

[15:47] {tomg} i took it vad, ty

[15:47] {Threei} tom :)

[15:48] {nemo} [15:25] {&Threei} not going to trade it though

[15:48] {nemo} [15:37] {&Threei} HIG near 24 again

[15:48] {nemo} [15:37] {&Threei} third time

[15:48] {Threei} nemo...

[15:48] {Threei} 15:20] {nemo} amzn mags

[15:48] {Threei} [15:21] {nemo} this rise on dropping volume though

[15:48] {Threei} [15:25] {Threei} seems to be breakdownish to me here

[15:48] {Threei} [15:26] {Threei} not going to trade it though

[15:48] {nemo} Vad...

[15:48] {Threei} which has absolutelky nothing to do with

[15:48] {Threei} 15:40] {Threei} Long Setup: HIG .06

[15:48] {Threei} [15:40] {Threei} stop is self-explanataory

[15:49] {nemo} yeah...you changed your mind while I was indisposed

[15:49] {Threei} even if 15 min between them don't clue you in, the divergence between "breakdownish" and long call should have...

[15:50] {nemo} that's pretty impressive support

[15:57] {Threei} this time only bell may save HIG

[15:57] {Threei} 24 is ready to give in

[15:57] {nemo} always after hours :)

[16:00] {nemo} wow, good size blocks traded on hig at the last minute

[16:01] {nemo} last second actually

[16:01] {magoo} we need to focus away from HIG

[16:01] {Threei} those are not real trades

[16:01] {Threei} closing blocks

[16:01] {magoo} 'all day and moves only a dime

[16:01] {Threei} thasnk you all, have a good evening

[16:01] {Threei} see you tomorrow

[16:02] {nemo} o.k. night

Oct 26 2009

Market finds the direction it seems - easier day although far from stellar still. Shorts work better, bounces are more readable too.

Session Start: Mon Oct 26 01:04:28 2009

[08:19] {strider} .

[08:30] {Threei} Good thing I haven't made any bets with Larisa on AMZN for today

[08:31] {nemo} yeah..up

[08:35] {ese} GM

[08:35] {Threei} ese :)

[08:35] {nemo} Ford

[08:36] {cosmo} jeep

[08:36] {nemo} AMC

[08:36] {ese} amzn was one amazing run friday thats for sure

[08:37] {nemo} yeah...magoo must be off island hunting

[08:40] {cosmo} hmmm...my 'puter switched to Standard Time

[08:41] {nemo} next week

[08:41] {nemo} well, for us anyway

[08:41] {cosmo} for the people...yea

[08:46] {cosmo} SUPG: SuperGen and GSK to Collaborate on the Discovery and Development of Novel Epi

[08:46] {cosmo} genetic Therapeutics ( BusinessWire )

[08:46] {ese} somebody please make it stop........patience......the rain.....the rain

[08:47] {Threei} this week should be sunnier

[08:48] {Threei} probably in preparation for that Olympic torch relay

[08:48] {Threei} if you need to drive somewhere on Friday, forget it

[08:48] {Threei} city will be clogged

[08:49] {ese} now that should be rained out....in my opinion.......my tax dollars and yours vad wasted

[08:49] {Threei} well, I am not wasting my time additionally by joining anti-Olympic protests :)

[08:50] {Threei} I am taking it as hurricane... nothing I can do about it

[08:50] {ese} true

[08:50] {Threei} they will waste more by doing that unneeded bridge replacxment too

[08:51] {Threei} so government is wasteful... sun rises on the East...

[08:51] {ese} ahhhhh vad....you've just made my week

[08:52] {ese} and just like pee...........this too shall pass

[08:52] {Threei} really? well, I can add... airport interchange as designed right now is a disaster waiting to happen

[08:52] {ese} haven't seen that one yet....whats the deal there

[08:52] {Threei} VVUS some enthusiasm

[08:53] {Threei} upgrade, and probably ARNA sympathy

[08:53] {ese} noticed arna

[08:54] {ese} whats with this airport interchange

[08:55] {Threei} proposed design of the interchange, ese... needlessly overcomplicated, IMO... potntially very dangerous spot

[08:55] {Threei} wow VVUS

[08:55] {Threei} upgrade by obscure firm can do that to it?

[08:56] {ese} indeed look at it go.....just from an upgrade......

[08:57] {ese} same old.....somebodey knows something

[09:02] {Threei} LAVA Selected by Mellanox Tech for 40-nm multimillion-gate communications ICs (2.38, 0.00, 0.00%)

[09:04] {lasertrev} gm

[09:04] {Threei} trev :)

[09:08] {strider} gm everyone.

[09:08] {Threei} strider :)

[09:09] {strider} 3i:)

[09:14] {ese} bcrx as well....health care sector today seems like a good place to hang

[09:15] {Threei} you mean bio

[09:15] {ese} yes

[09:15] {Threei} BCRX is probably responing to this:

[09:15] {Threei} Saturday, October 24, 2009 9:34:52 PM

[09:15] {Threei} President Obama declares 46-state swine Flu outbreak a national emergency - NYT

[09:15] {Threei} - The White House stated late Saturday is "not a response to any new developments."

[09:15] {Threei} - Analysts view the move as administrative, allowing hospitals to set up temporary remote facilities, such as at a local armory or another hospital, to seperate H1N1 cases for treatment. Prior to this declaration if a hospital shipped a patient offsite, it would be refused reimbursement for services provided.

[09:15] {Threei} - H1N1 has been reported to be widespread in 46 states, which officals have deemed equal to the peak of a normal flu season.

[09:15] {nemo} hi lari

[09:16] {larisa} gm :)

[09:16] {Threei} larisa :)

[09:16] {ese} laris

[09:16] {larisa} :)

[09:17] {ese} in your own words now......laris......how does it feel to be loved and welcomed ehhhh

[09:18] {larisa} in the morning I only want my coffee :)

[09:19] {ese} messaged received and noted......

[09:19] {ese} too funnny

[09:19] {larisa} :)

[09:20] {nemo} don't forget guys...if it weren't for them, we'd still be in The Garden of Eden

[09:21] {cosmo} them?

[09:21] {ese} hold on there buba looey.........i represent that remark

[09:21] {nemo} women

[09:21] {cosmo} hmmm

[09:23] {cosmo} i thot it was the snakes

[09:24] {ese} vvus....retrace

[09:25] {nemo} Dino's back

[09:26] {Threei} BCRX still going

[09:27] {ese} yup

[09:27] {nemo} nope

[09:28] {dino} gm all running behind

[09:28] {ese} now retracing

[09:28] {Threei} dino, welcome back

[09:28] {ese} dino!!!!!!!

[09:28] {ese} we tried to do some trades in your honor last week......

[09:29] {dino} thx all, and es appreciate the thought

[09:29] {Threei} VVUS and BCRX are on watch so far

[09:31] {Threei} Long Setup: VVUS 10 break

[09:31] {Threei} stop under .90

[09:31] {strider} already over 10

[09:32] {ese} in .00

[09:32] {dptl} good morning

[09:32] {Threei} dp :)

[09:32] {Threei} missed BCRX .90

[09:36] {Threei} no go VVUS

[09:36] {ese} vvus stopped ..86 -.14

[09:37] {strider} same here

[09:38] {Threei} BCRX much better pullback now

[09:39] {Threei} AMZN new highs... where is magoo

[09:39] {nemo} hunting?

[09:39] {fernp} Good morning everybody

[09:39] {Threei} fern :)

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

[09:41] {dino} late sorry

[09:41] {nemo} golf brain

[09:41] {Threei} HIG

[09:41] {Threei} watching for double bottom

[09:42] {dino} lol

[09:42] {ese} l bcrx .12

[09:43] {ese} out brcx .17 +.05

[09:45] {KSystems} morning

[09:45] {Threei} Long Setup: HIG .70 break

[09:45] {nemo} Tag

[09:45] {Threei} if stays above .60 for scalpers

[09:45] {Threei} above .55 for day traders

[09:45] {Threei} ks :)

03[09:46] * Retrieving #discussions modes...

[09:46] {fernp} out TY

[09:46] {Threei} 1:1 for scalpers

[09:46] {Threei} 1:1 for day traders

[09:47] {Threei} BCRX consolidates

[09:47] {Threei} mom candidate

[09:47] {Threei} momo

[09:48] {Threei} larisa, if I correct it quickly it dfoesn't count, right?

[09:48] {Threei} doesn't

[09:48] {nemo} bcrx volume up 1200%

[09:48] {larisa} :)

[09:48] {Threei} for momo players:

[09:48] {Threei} BCRX long .25 break

[09:48] {Threei} risky as hell

[09:49] {Threei} 11.50 should be easy if momo holds

[09:50] {Threei} pullback entry is preferrable as always on this kind

[09:50] {Threei} HIG, daytraders feel free to exit in full

[09:50] {dino} mrvl to b/e

[09:50] {Threei} +.40

[09:52] {dino} gj

[09:53] {dino} mrvl to .20

[09:54] {dino} out mrvl .31, +.31

[09:55] {fernp} BCRX lost momo, no?

[09:55] {Threei} hard to tell

[09:55] {Threei} they are heavy breathers

[09:55] {nemo} hig

[09:55] {fernp} then this is a good pullback

[09:57] {nemo} guess the market wants back what it gave up on Friday

[09:58] {Threei} AIG...

[09:59] {nemo} amzn keeps motoring higher

[09:59] {Threei} it'll never sto[

[09:59] {Threei} stop

[09:59] {nemo} Lari

06[10:00] * nemo slaps Threei around a bit with a large copy of "Maavis Beacon teaches typing"

[10:00] {Threei} AIG exploded before I could type alert

[10:00] {nemo} where would the stop have been

[10:00] {ese} jnpr L .51

[10:01] {Threei} stop under .40 ese?

[10:01] {ese} .45

[10:01] {nemo} pivot is .55

[10:02] {ese} sorry .42

[10:03] {dino} intc sm l .95

[10:04] {ese} out jnpr .57 +.06

[10:04] {Threei} SOHU... will be interesting at some point

[10:04] {Threei} no play yet

[10:04] {Threei} your kind dino

[10:05] {ese} except that they didn't beat with earnings this morning

[10:06] {magoo} we;mewrjo;j;sr;ms

[10:06] {Threei} I'll take it as good morning

[10:06] {dino} smlc?

[10:07] {nemo} It's morse code for "I don't know how to type."

[10:07] {magoo} u got that right

[10:07] {nemo} Lynrd Skynrd

[10:07] {Threei} SMLC bought another telco

[10:08] {magoo} what we in?

[10:08] {dino} seems backwards, also igld

[10:08] {nemo} nada, nichts, zed

[10:08] {Threei} AMZN is still at it mags

[10:09] {magoo} i see

[10:09] {ese} da jour dajjupe da fit da bow....mags

[10:09] {Threei} Short Setup: RIMM .60 break half lot

[10:09] {Threei} if stays under .70

[10:09] {ese} finally someone i can talk to on the board

[10:10] {magoo} in

[10:10] {larisa} lol

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

[10:10] {magoo} sh amzn too

[10:10] {magoo} WOW

[10:11] {magoo} from 123.16

[10:12] {Threei} no go RIMM

[10:12] {ese} i've got 122.36 bstop short for amzn dialed in....am i off base here?

[10:13] {fernp} stopped RIMM

[10:13] {Threei} market is not ready to reverse yet... or just shakeout

[10:13] {magoo} headfake maybe

[10:15] {ese} mags you long or short amzn

[10:15] {Threei} Preview: Oct Dallas Fed Manufacturing Index due out at 10:30amET

[10:15] {Threei} **consensus expectation: -0.5%e v -6.4% prior

[10:15] {magoo} stop amzn @ 123.01

[10:16] {magoo} still in

[10:16] {ese} sh?

[10:16] {magoo} yea

[10:16] {ese} in short .55

[10:17] {magoo} [10:10] {magoo} sh amzn too

[10:17] {magoo} [10:10] {magoo} WOW

[10:17] {magoo} [10:11] {magoo} from 123.16

[10:18] {dino} gj

[10:18] {ese} covered amzn .22 +.33

[10:18] {magoo} out 1 point

[10:18] {magoo} try vad

[10:18] {Threei} wtg

[10:18] {magoo} ty

[10:19] {magoo} ese..i was worried..u were way late off my call

[10:20] {Threei} if market regains strength,

[10:20] {Threei} Long Setup: CHKP .40 break

[10:20] {Threei} if stays above .30

[10:21] {ese} sorry mags......to be honest i didn't understand it......break of .50 seemed more reasonable to me......am not sure if i was off base there or not

[10:21] {dino} risky sm l sohu .25

[10:23] {magoo} my was break of 123

[10:23] {magoo} same concept

[10:23] {magoo} oo 50

[10:23] {ese} want to short it again at .50......any opinions

[10:23] {magoo} no

[10:23] {Threei} VVUS Ticks higher after CNBC teases upcoming segment with an Executive (10.11, +0.93, 10.13%)

[10:23] {dino} .50 wall

[10:23] {magoo} i thinkj up

[10:24] {ese} no don't do it ...or no opinions

[10:24] {ese} tks

[10:25] {ese} next real short point is 122.00 ?

[10:27] {Threei} VVUS reacted

[10:28] {fernp} CHKP good moment now if breaks?

[10:28] {ese} phewwww.....for a second i thought it Saliere...the guy who did Mozart in

[10:28] {Threei} it's a valid setup, consolidation is intact

[10:29] {nemo} watchin' too many movies ese

[10:29] {ese} ya maybe.....

[10:34] {Threei} OCT DALLAS FED MANUFACTURING ACTIVITY: -3.3% V -0.5%E

[10:34] {Threei} market doesn't care

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

[10:35] {Threei} - NYSE volume 235M shares, about 16% below its three-month average; advancers lead decliners by 4.9:1.

[10:35] {Threei} - NASDAQ volume 465M shares, about 17% below its three-month average; advancers lead decliners by 2.7:1.

[10:35] {Threei} - VIX index -0.5% to just over 22.00

[10:38] {Threei} market losing ground

[10:39] {Threei} (US) CNBC states that under proposed Rep Frank legislation, FDIC resolving fund to be paid for by banks

[10:39] {Threei} - New legislation on authority seen coming forward this Thursday

[10:39] {Threei} - Under the currently discussed program, current equity holders would be 'wiped out'

[10:40] {dino} equity in what?

[10:41] {ese} short amzn stop .02

[10:41] {Threei} let's scratch CHKP here

[10:42] {Threei} too uncertain

[10:42] {fernp} sure? is holding well

[10:42] {Threei} not sure

[10:42] {Threei} just lost read on it

[10:42] {fernp} ok

[10:43] {ese} invalidated above .75

[10:44] {ese} if qqqq breaks below .60 amzn will go with it i think

[10:44] {strider} what's your entry, ese?

[10:46] {ese} .00 covered .86 +.14

[10:46] {ese} .00 strider bstop short

[10:46] {strider} thx

[10:47] {Threei} OCC's Dugan: Concerned recent Pay Czar rulings may cause talent to leave firms under current jurisdiction

[10:47] {Threei} **Reminder: On 10/22 US Pay Czar Feinberg said he would decrease executive compensation by 50%, limit salaries to $500K for 90% of relevant employees

[10:47] {nemo} amzn bounce off VWAP, R1 at .54

[10:55] {dino} rovi sm l .50

[10:55] {dino} esi took beating last week i see

[10:56] {Threei} it knocked on our door asking for bandaids and some water

[10:56] {dino} ahhh, bloody

[10:57] {Threei} unfortunately for it, nemo was the one who answered the door

[10:57] {dino} sohu wants 60

[10:59] {ese} was just going to ask you if you had any designs on sohu dino

[11:00] {strider} target on rovi, dino?

[11:01] {dino} .90

[11:01] {dino} lol es, waiting at 59.62

[11:01] {strider} t'would be nice.

[11:01] {dino} for bounce

[11:02] {dino} pvtb

[11:02] {dino} cyou

[11:03] {ese} tks

[11:05] {Threei} VVUS is not retreating much from highs...

[11:06] {Threei} NPSP Data Demonstrate That GATTEX (Teduglutide) Improves Lean Body Mass, Mineral Composition and Electrolyte Levels in Patients with Parenteral Nutrition Dependent Short Bowel Syndrome (3.47, +0.17, 5.15%)

[11:08] {Threei} NVAX Hearing recent strength being attributed to speculation its H1N1 vaccine could receive emergency use authorization (4.44, +0.40, 9.90%)

[11:09] {Threei} Note; BCRX's Peramivir received emergency use authorization by FDA on 10/24

[11:11] {fernp} CHKP cruel

[11:11] {ese} sndk should reverse here soon....it's going parabolic

[11:14] {dino} sohu what the....

[11:14] {dino} rinsed

[11:15] {dino} dropping markets

[11:15] {dino} rovi stop is .23 fwiw

[11:16] {strider} I'm out, +.16, thanks, dino.

[11:17] {dino} gj

[11:19] {nemo} late, hig short

[11:20] {nemo} cat could drop from here, flirting around 200 ma

[11:20] {Threei} that sharp dive in the market created many shorts that were not readable as the moment

[11:21] {Threei} no setup, simply drop

[11:21] {nemo} HIG had been dancing at .85, pulled back, and droppe again

[11:21] {nemo} I kan mystipe awl eye wont

[11:22] {Threei} I liked GLD as short, but it ruined the setup

[11:22] {Threei} and then dropped with market

[11:24] {strider} CHKP bounce?

[11:25] {strider} yep

[11:25] {dino} silc bit spready

[11:26] {dino} sohu pullback, double bottom in making perhaps

[11:26] {dino} ing lod

[11:27] {dino} pvtb same

[11:28] {fernp} GDX short Vad?

[11:29] {fernp} late

[11:29] {Threei} Long Setup: QID .52

[11:29] {fernp} stop?

[11:29] {Threei} if market breaks down here which seems to be the most likely scenario, let's try to use QID for the play

[11:30] {Threei} stop under .40

[11:30] {fernp} ty Vad

[11:31] {Threei} quick resolution

[11:31] {Threei} 1:1 was easy

[11:32] {dino} out rovi stopped -.15, stoppee intc -.10

[11:33] {Threei} 1:2

[11:33] {Threei} finally something worked exactly as it should

[11:33] {dino} nice read vad

[11:33] {Threei} ty

[11:33] {magoo} jersus dow red 30

[11:34] {Threei} and notice larisa, I keep my bet loss: I didn't type "eqzaktly"

[11:35] {larisa} :)

[11:37] {strider} sohu short?

[11:37] {Threei} not sure...

[11:37] {dino} waiting for long here

[11:38] {dino} .50s held again

[11:38] {strider} k

[11:38] {Threei} 1:3 QID but that's wothout me

[11:38] {Threei} without

[11:38] {dino} pulp tho, careful

[11:38] {fernp} yeah, scalper's regret here. but i need some winners...

[11:39] {Threei} don't regret it for a second fern

[11:40] {Threei} market is absolutely brutal last few days in terms of non-readable moves,

[11:40] {fernp} right

[11:40] {Threei} and it will stay this way until topping action is resolved

[11:40] {Threei} think about it in these terms:

[11:41] {Threei} maximum uncertainty is normal for bottoms and tops

[11:41] {Threei} much easier and more readable action is happening when the trend establishes itself

[11:41] {fernp} true

[11:41] {Threei} what we have here is market trying to form a top,

[11:42] {Threei} and this is area of a fight between trend-continuation-hoping crowd

[11:42] {Threei} and reversal-betting crowd.

[11:42] {Threei} Until they resolve their differences and someone wins, we have this jerky up and down with not much rhyme or reason

[11:43] {Threei} One controls his risk tightly, makes sure that no losing trade gets out of hand,

[11:43] {dino} sm l sohu .54 wide

[11:43] {Threei} and one of risk control methods in jerky market is limiting trades to scalps

[11:43] {nemo} cat at Fri. close

[11:44] {fernp} let's see if it is resolved soon

[11:46] {dino} pvtb sm l .90

[11:51] {Threei} YRCW Hearing vague chatter of possible new financing information due soon (3.43, +0.10, 3.00%)

[11:51] {Threei} guys, valid setup for downtrend continuation from here is QID long on .9- break,

[11:51] {Threei} and my bet is it will fail

[11:52] {Threei} let's just watch it to see whether market continues its evilish ways

[11:52] {Threei} or starts fitting into normal patterns

[11:53] {nemo} sds

[11:53] {Threei} normal pattern would be .90 break and steady strong move to 22.20 or so,

[11:53] {Threei} evilish jerky way would be drop to 21.60

[11:54] {Threei} not going to trade eithger, just want to observe

[11:58] {Threei} wow... we may be getting normal patterns back

[11:58] {Threei} this is encouraging

[11:58] {nemo} what's magoo doing?

[11:58] {fernp} very

[11:59] {Threei} Equity and commodity market weakness attributed to a variety of vague rumors circulating

[11:59] {Threei} - some desks noting the strength in the USD(moves back below 1.5000 level), citing the Brazilian central bank buying dollars in the spot market, though we would note that the Brazilian central bank does this frequently, including four times last week.

[11:59] {Threei} - other desks noting concerns about the report today that the White House and Barney Frank's committee are close to an agreement on resolution authority that would includes requiring some large banks to hold more money in reserve.

[11:59] {Threei} - some unconfirmed chatter circulating that a ratings downgrade on major banks could be imminent from S&P.

[11:59] {dino} sohu stopped

[11:59] {Threei} another banking sector rumor being recirculated today suggests that BoA may seek to do another capital raise.

[11:59] {Threei} - yet another point of concern is recirculating chatter that the US may not extend the new home buyer tax credit, which is set to expire on Dec 1.

[11:59] {nemo} Funny...watched Quantum of Solice this weekend...even the bad guys won't take dollars anymore

[12:01] {ese} thats funny

[12:01] {nemo} whatever

[12:04] {ese} market reversal.taking place me thinks.....

[12:04] {Threei} 22.20 on the nose

[12:04] {Threei} I like it

[12:05] {Threei} very precise action, just as I envisionwed it from the breakdown chart

[12:05] {dino} sohu just about hit es

[12:06] {Threei} GLD... what a short that would have been if I weren't a coward

[12:06] {ese} are you L qid vad?

[12:07] {Threei} sold at .75

[12:07] {Threei} call was .52 long

[12:07] {Threei} you don't pay attention to me whatsoever, do you :)

[12:08] {Threei} I am talking about QID for the last 30 minutes non-stop

[12:08] {ese} sorry.....was in the shower......

[12:08] {Threei} you don't have computer there??

[12:08] {ese} although.....could have got my shower biking to school today

[12:09] {Threei} lol

[12:09] {Threei} rain stopped here

[12:10] {Threei} if I undesraynd where this market is and what it does - next move on QID is drop to 21.80

[12:10] {Threei} understand

[12:10] {Threei} again, not trading it

[12:11] {ese} alright.....alright already..........i'm gettin it........sheesh

[12:11] {Threei} outlining how market should act if my rwad is right, and watching it to measure how right my read is

[12:11] {nemo} Larisa!

[12:11] {Threei} sigh

[12:12] {Threei} it's not misspelling

[12:12] {nemo} arabic?

[12:12] {Threei} it's darn keyboard manufacturers

[12:12] {Threei} they need to place keys farther apart

[12:15] {dino} intc l off .75

[12:15] {ese} or........

[12:15] {Threei} Long Setup: GLD .56

[12:16] {Threei} stop under .50 for scalpers, .45 for day traders

[12:16] {ese} like myself.....unable to function under extreme technical requirements of modern day and age

[12:17] {ese} l gld by the way .57

[12:18] {Threei} 1:1 for scalpers

[12:18] {Threei} and day traders

[12:18] {fernp} ty again

[12:18] {Threei} :)

[12:18] {Threei} easy does it

[12:19] {ese} ouuuuuuuut GLD .69 +.12

[12:19] {Threei} and hey... long call on GLD by me is no small feat

[12:19] {Threei} I hate the thing, lol

[12:19] {ese} true true.....cannot deny that

[12:19] {Threei} should I yeiled to my bias, I'd be shorting it every minute

[12:20] {Threei} 1:2

[12:20] {ese} not so good an idea chief

[12:20] {Threei} no

[12:21] {Threei} which is why I resist my biases:)

[12:21] {ese} ahhhhh...ummmmmmm....stick with the vodka.....would be my advice

[12:22] {ese} you have the smoothest vodka i've ever tasted......

[12:22] {ese} or was that dp's

[12:22] {Threei} don't remember

[12:22] {Threei} if it was Iceberg, that's mine

[12:23] {ese} don't remember......

[12:23] {Threei} lol

[12:23] {Threei} if dp doesn't remember either, I wonder whether the reason is the same for all three of us

[12:23] {ese} hmmmmm....seems to me i've left your place a couple of times in the "i don't remember state"

[12:23] {Threei} which is" whatever it was, there was no lack of it"

[12:24] {ese} rotfl

[12:24] {ese} indeed

[12:24] {ese} i do remember the shiskabob though

[12:27] {ese} amzn is gonna take off again......serious upside bias to this thing

[12:28] {magoo} yea..i think it goes for day high

[12:28] {magoo} amzn

[12:28] {magoo} i think shorts still trapped and dead dead dead

[12:28] {Threei} even deader?

[12:28] {Threei} up to deadest?

[12:29] {magoo} yup

[12:30] {Threei} if you strongly feel market is readable,

[12:30] {Threei} Short Setup: QID 22 breakdown if staysd below 22.10

[12:30] {nemo} why not long qld?

[12:31] {Threei} same things direction wise but qld is more volatile

[12:31] {ese} 2.8 days for amzn to cover shorts.....then theres still some to go

[12:31] {Threei} so, matter of taste

[12:37] {fernp} QID invalidated

[12:38] {nemo} Mmmmhhhh....Marc Faber says the $ will go to zero, zed, zip

[12:42] {Threei} yeah?

[12:42] {Threei} lol

[12:42] {nemo} 2012

[12:42] {Threei} cool, soon enough

[12:42] {Threei} make a note somewhere, to get baclk to it in 2012

[12:42] {nemo} getting my DPWF list ready

[12:43] {larisa} 2012 end of World too, according to nemo :)

[12:43] {nemo} call it a "restructuring"

[12:45] {strider} amzn can't break 123

[12:46] {nemo} hig short break of .55

[12:46] {nemo} ?

[12:47] {nemo} stop a bit tough

[12:47] {Threei} valid play

[12:48] {magoo} here comes AMZN..in .11

[12:52] {Threei} US) Senator Dodd (D-CN): Seeking immediate rate freeze on credit cards

[12:52] {Threei} (US) Senator Bill Nelson (D-FL): Expects Senate to extend first time homebuyer credit later this week

[12:52] {Threei} - Current tax credit expires Nov 30 (related XHB )

[12:53] {Threei} US) Senate Majority Leader Reid (D-NV): Plans to back public option that allows states to opt out

[12:53] {Threei} - Expected to make announcement at a press conference later today

[12:53] {Threei} if states can opt out, how do they expect health insuranxce be portable?

[12:53] {nemo} mmmhhh...so the public option will basically be mammaries on a bull

[12:54] {nemo} cat short break of .20?

[12:54] {magoo} im waiting 124.24..

[12:54] {Threei} I doubt it nemo

[12:55] {Threei} IMO, market will be uptrending for a while from here

[12:55] {Threei} want that QID short

[12:55] {Threei} maybe on bounce

[12:56] {magoo} amzn high

[13:04] {magoo} i think im gonna get it

[13:07] {dino} lo

[13:07] {magoo} out.124.24 + alot

[13:07] {magoo} 1.14

[13:08] {larisa} gj

[13:08] {magoo} [12:48] {magoo} here comes AMZN..in .11

[13:08] {magoo} [12:54] {magoo} im waiting 124.24..

[13:09] {fernp} good job magoo

[13:11] {magoo} ty..any takers?

[13:13] {fernp} shorting here HIG .54

[13:13] {Threei} SP issues report on Global Housing; showing signs of some bright spots

[13:13] {Threei} - The U.S. housing market, for example, has shown some momentum. Housing starts and home sales are climbing back from lows early this year, and home prices are rising after sharp drops that began in 2006

[13:13] {Threei} - for a few U.S. homebuilders, credit quality is firming, though that could change in the months ahead, as the negative outlooks on 11 of the 15 homebuilders we rate indicate. Despite signs of a slight real estate rebound, we believe our ratings on many of these companies will likely remain under pressure through the balance of the year and probably into 2010.

[13:18] {fernp} MGM valid dbi but wrong time?

[13:19] {Threei} looks good to me chart wise...

[13:20] {Threei} time is questionable, yes

[13:21] {fernp} out HIG +.14

[13:22] {fernp} missed MGM

[13:22] {strider} gj fern

[13:22] {fernp} ty

[13:26] {strider} VVUS

[13:26] {strider} ?

[13:27] {Threei} no idea

[13:28] {strider} mnro?

[13:28] {Threei} same chart... same answer :)

[13:28] {dino} sohu wakey

[13:28] {strider} :)

[13:30] {strider} AMGN at lod

[13:30] {strider} along with everything else.

[13:30] {ese} ya know.....were fast approaching "2010.....A SPACE ODYSSEY" with Hal the computer about to take over....who da thunk it 40 years ago.....

[13:31] {fernp} AMGN too extended daily candle IMHO

[13:31] {Threei} maybe but intraday chart is still breakdownish

[13:31] {ese} i know i know nemo....the weirdest things go through my brain

[13:31] {strider} thx fern

[13:32] {fernp} :)

[13:37] {ese} it's been a stellar day but i must be off to do something else that i really ....teach music....catch you all tomorrow

[13:37] {ese} really love

[13:37] {Threei} take care ese

[13:38] {ese} see ya vad

[13:38] {fernp} bye ese

[13:38] {nemo} dude

[13:42] {fernp} SKS has an interesting breakdown on daily chart

[13:42] {magoo} hey vad..u here?

[13:42] {Threei} what makes you think I am not?

[13:42] {magoo} dino doubting my amzn read friday...u got my back?

[13:42] {Threei} yes sir

[13:43] {Threei} don't doubt him dino

[13:43] {Threei} he called it perfectly

[13:43] {Threei} actually, it's in the log, and jujst read the blue blurb

[13:43] {magoo} :)

[13:43] {Threei} http://www.realitytrader.com/tradinglog/

[13:44] {magoo} i thought u edited out every post i make lol

[13:44] {Threei} yep, it's on autopilot

[13:44] {Threei} script called "magoo out"

[13:45] {Threei} you see the blue blurb mags?

[13:45] {dino} no feel out of touch

[13:46] {Threei} no wonder dino

[13:46] {Threei} market is changing, you were away for a week

[13:46] {Threei} we are adjusting for the last few days and still are not there fully

[13:47] {fernp} EBAY dbi?

[13:47] {Threei} if market helps, but for scalp only

[13:48] {Threei} daily is rather bottoming on it

[13:48] {Threei} look at MGM bounce fern

[13:48] {Threei} came into short zone probably

[13:49] {fernp} don't know what to do

[13:49] {fernp} market never helps, lol

[13:49] {larisa} lol

[13:51] {nemo} wow...$ up .14

[13:58] {Threei} quite a move

[13:58] {Threei} and chart looks reversish

[13:58] {nemo} on what, the $?

[13:58] {fernp} MGM double top here, Vad?

[13:58] {Threei} yeah

[13:58] {nemo} mgm or $

[13:58] {Threei} hmmm

[13:58] {Threei} MGM, not sure

[13:59] {Threei} maybe break

[13:59] {fernp} ok. no read here

[13:59] {Threei} mags, you here??

[14:01] {strider} mgm c&h

[14:01] {nemo} or double top

[14:01] {strider} k

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 815M shares, about 19% above its three-month average; decliners lead advancers by 3.1:1.

[14:02] {Threei} - NASDAQ volume 1.53B shares, about 5% above its three-month average; decliners lead advancers by 1.9:1.

[14:02] {Threei} - VIX index +8.5% to just over 24.00

[14:02] {nemo} wow...

[14:02] {nemo} that's a jump

[14:02] {nemo} options must be selling like hot cakes

[14:09] {fernp} Vad, SKS short .14 for 5 cent scalp do u think is good idea?

[14:11] {Threei} too narrow IMO

[14:12] {Threei} getting 5 cents out of it will be torture

[14:12] {Threei} let alone more

[14:12] {fernp} thanks

[14:19] {Threei} if reversal gains momentum and takes root more confidently, we will have QID breakout working

[14:19] {Threei} BIDU earnings after market

[14:20] {Threei} WYNN tomorrow morning

[14:24] {nemo} Hey Lari...do typing mistakes on private dcc's from Vad count?

[14:24] {Threei} sigh

[14:24] {larisa} lol

[14:25] {Threei} you have to admit, I am much much better today

[14:25] {larisa} you are, keep trying your best :)

[14:25] {Threei} ty for encouragement

[14:26] {Threei} and I edited out two mistypes in "encouragement" before hitting enter

[14:26] {fernp} lol

[14:26] {Threei} and one in word "enter"

[14:27] {Threei} but I nail "and" almost every time

[14:27] {larisa} you know what? just concentrate on trading and forget retyping. Just make sure symbol is right :)

[14:27] {nemo} nice one

[14:27] {fernp} good one

[14:28] {nemo} vad got bitch slapped!

[14:28] {Threei} not much to trade right now anyway

[14:28] {Threei} question is:

[14:28] {larisa} it was not slapping.. he is forgiven!!

[14:28] {nemo} back-handed albeit

[14:28] {Threei} do we break down this narrow range formed over last 2 and half hours

[14:29] {Threei} or market breaks upper limit and returns into meaningless territory

[14:29] {Threei} range itself is too narrow to play within it,

[14:29] {nemo} which would aggravate the most people?

[14:29] {Threei} no indication which side is more likely to give up

[14:29] {Threei} so I sit it out for now

[14:30] {larisa} very tough market I agree

[14:31] {Threei} we got first half of the day mostly right

[14:31] {Threei} hopefully it's a sign of market finding the direction or us getting back in tune with it

[14:32] {nemo} last mon and tuesday were good

[14:32] {Threei} don't want to ruin the harmony, fragile as it is, by pushing aything while in narrow range

[14:39] {Threei} Long Setup: QID .20 break

[14:39] {fernp} SKS worked, patterns are gradually gaining credibility

[14:39] {Threei} if stays above .10

[14:50] {Threei} ok market

[14:50] {Threei} breakdown is in cards

[14:50] {Threei} just do it

[14:51] {strider} Qs making dbl bottom

[14:51] {Threei} larisa, dino

[14:51] {Threei} bets on the close?

[14:51] {Threei} -180 here

[14:51] {larisa} -160 :)

[14:51] {larisa} wow, we are on same page, not good :)

[14:51] {dino} -65

[14:51] {larisa} lol

[14:51] {Threei} 20 points apart

[14:51] {Threei} and dino doesn't diasppoint :)

[14:51] {dino} lol

[14:52] {Threei} I don't see double bottom strider

[14:52] {Threei} I see multiple attempts at low

[14:52] {strider} ok. multiple bottom:)

[14:52] {Threei} this is 6th or 7th one

[14:52] {Threei} tightenting range too

[14:53] {strider} so, I needed to spread my chart out a bit.

[14:53] {Threei} I watch whole day

[14:54] {nemo} markets strengthening

[14:56] {strider} stop at .09?

[14:56] {Threei} on what?

[14:56] {fernp} y

[14:56] {strider} QID

[14:56] {Threei} sure

[14:57] {fernp} stopped

[14:58] {fernp} have a nice evening everybody. see u all tomorrow.

[14:58] {Threei} take care fern

[15:21] {Threei} (US) Senator Majority Reid: The best way foreward is with a public option, with op out provisions for individual states

[15:21] {strider} Let me guess. California will opt IN.

[15:42] {nemo} uniform triangle forming on fcx

[15:42] {nemo} fcx staying just below 200 fwma

[15:45] {Threei} ewell... so far market justg stayd in the range, rendering attempts to play breaks useless

[15:46] {dino} 20 pts

[15:49] {nemo} dollar has held all afternoon

[15:49] {dino} -68

[15:50] {Threei} larisa... we need vacation

[15:50] {Threei} look how dino pins it down

[15:50] {larisa} 10 more minutes!

[15:51] {Threei} yeah... but it's safe to say he will be closer to final number than any of us :)

[15:51] {dino} "safe", not in todays market imo, lol

[15:51] {larisa} lol

[15:58] {dino} see

[15:59] {nemo} aig w/mind of its own

[16:01] {dino} maybe that equity falls in the barney worthless class too

[16:01] {nemo} not if you trade it profitably

[16:01] {dino} lol

[16:01] {Threei} thank you all

[16:01] {dino} good point

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

[16:01] {larisa} bye :)

[16:01] {nemo} ooohhh...cat cut 2500 laid-off workers

[16:03] {dino} vfc