Nov 25, 2009

Extremely low volume and narrow day where we struggled to find any trades. We elected to remain relaxed and a bit goofy... the result is just that - goofy, and the room voted to keep this log to ourselves. Happy Thanksgiving to all our readers!

Early bird registration discount for the Bahamas conference runs till November 30. Register here!

Nov 24 2009

Very narrow action with few setups. Just 4 official calls one of which was stopped. The rest of excitement was provided by momentum in SEED, AONE, JAZZ

Session Time: Tue Nov 24 00:00:00 2009

[08:04] {magoo} morning

[08:04] {Threei} mags, don't look at SEED

[08:04] {strider} morning magoo.....

[08:04] {magoo} now u know i have 2

[08:05] {magoo} hi stryd..how was yesterday?

[08:05] {Threei} you would be all over it yesterday

[08:05] {Threei} exactly your kind of play

[08:05] {strider} a little green here.......missed you.

[08:07] {BillyD} GM all

[08:07] {Threei} billy :)

[08:07] {BillyD} SEED non-stop

[08:07] {nemo} hello

[08:07] {Threei} nemo :)

[08:10] {Threei} US) Preview: Q3 Preliminary GDP Annualized and Personal Consumption due at 8:30 am

[08:10] {Threei} - GDP Annualized: +2.8%e v +3.5% prior (Analyst range from +2.4% to +3.5%)

[08:10] {Threei} - Personal Consumption: +3.2%e v 3.4% Prior (Analyst range from 2.7% to +3.4%)

[08:10] {Threei} (US) Preview: Q3 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.8%e v 0.8% prior

[08:10] {Threei} - Core PCE Q/Q: 1.4%e v 1.4% Q2 prior

[08:14] {nemo} ceph might be worth an eye today

[08:15] {strider} I held overnight from 54.00

[08:15] {nemo} nice...ight be a give back on the open though

[08:16] {strider} waiting for it to trade a bit more......may sell prior

[08:17] {strider} AMZN gapped up after strong day yesterday.

[08:17] {magoo} was yesterday a strong day?

[08:19] {BillyD} nickel and dime trades except for SEED Magoo

[08:22] {strider} MBTrading still the same.......issues a message: "Please do not trade out of erroneous positions." :)

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP Q/Q ANNUALIZED: 2.8% V 2.8%E;

[08:30] {Threei} CORE PCE Q/Q: 1.3% V 1.4%E

[08:30] {Threei} PERSONAL CONSUMPTION: 2.9% V 3.2

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP PRICE INDEX: 0.5% V 0.8%E

[08:32] {Threei} NSPH FDA Clearance to Update the Package Insert for Its Respiratory Virus Assay to Include Reactivity With Influenza A in Cultured Clinical Isolates Containing 2009 H1N1 Influenza Virus

[08:32] {Les} afternoon Vad.

[08:33] {Les} SEED still going

[08:33] {Threei} hi Les

[08:33] {bkhmd} morning all

[08:33] {Les} bk

[08:33] {Threei} TiVo Inc Signs audience research partnership deal with Google

[08:33] {Threei} - Entered into an audience research agreement with Google whereby Google will license and integrate TiVo television viewing data into its measurement of audiences for advertisements sold through Google TV Ads(TM) platform.

[08:33] {Threei} - Terms of the deal are not disclosed.

[08:33] {Threei} nk :)

[08:33] {Threei} bk

[08:39] {fernp} Good morning everybody

[08:39] {Threei} fern :)

[08:39] {nemo} hola

[08:39] {bkhmd} fern

[08:40] {fernp} hola a todos

[08:41] {Les} that's closer to french than I imagined fern - salut

[08:41] {Les} bonjour a tous

[08:45] {strider} Cat interview on CNBC, nemo

[08:47] {strider} AMZN retraced morning gap

[08:56] {strider} out CEPH, 1.03, small overnight

[08:57] {strider} not much pre-market in anything I see.

[08:57] {cosmo} CAT may be next major auto maker

[08:58] {cosmo} ever go out on a date in a bobcat?

[08:59] {strider} with a bobcat? uh-huh.

[08:59] {ese} morning

[09:00] {cosmo} NASCAR bobcat cup

[09:00] {magoo} alot of numbers at 10 am vad, keep in mind

[09:03] {Threei} ese :)

[09:03] {nemo} dude

[09:03] {Threei} 10:00 Oct Consumer Confidence (last 47.7), Oct Richmond Fed Manufacturing (last 7), Q3 House Price Index q/q (last -0.7%), Sept House Price Index m/m (last -0.3%)

[09:04] {ese} dude

[09:05] {ese} whats hot boys and girls

[09:05] {Les} Magoo, ciao, is SEED in play today?

[09:06] {BillyD} maybe WFC will break down today with some follow thru

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:10] {magoo} definately watching SEED yes, but who knows, may be done..may be a short

[09:11] {strider} Brocade CEO denies it was up for sale, Reuters reports :

[09:12] {strider} so there you go.

[09:13] {Les} ADI up on earnings release but it may have found resistance at present price. 29 seems to be formidable barrier

[09:13] {larisa} gm :)

[09:14] {Threei} larisa :)

[09:14] {larisa} :)

[09:14] {nemo} lari :)

[09:14] {larisa} vad, nemo :)

[09:18] {ese} wonder if rimm has covered enough of the gap between 49.00 and 58.00

[09:18] {ese} any opinions

[09:18] {magoo} been a dog RIMM

[09:18] {ese} definitely

[09:19] {ese} was going going to buy 1k of it if it ever got to 50.00

[09:19] {Threei} worked like charm for our very firsat trade yesterday

[09:19] {ese} but don't trust it until it does

[09:20] {ese} ya noticed that

[09:20] {ese} was that yesterday or friday

[09:21] {ese} aye...sheesh......loosing track of time here

[09:22] {ese} lt

[09:23] {Threei} you do know who is on TV, right?

[09:23] {bkhmd} Melissa Lee?

[09:23] {nemo} Lindsey Lohan?

[09:24] {lasertrev} morning

[09:24] {cosmo} howdy doody?

[09:24] {ese} lol

[09:25] {strider} Mr. Bluster

[09:25] {magoo} i missed him vad, good to see (NOT)

[09:25] {cosmo} cosmo topper?

[09:25] {Threei} trev :)

[09:25] {ese} huh....whos mr bluster

[09:25] {strider} marionette on the Howdy Doody show.

[09:26] {strider} grumpy old guy.

[09:26] {bkhmd} Vads not grumpy

[09:26] {bkhmd} always

[09:26] {bkhmd} stop that strider

[09:26] {BillyD} Vad, anything stand out?

[09:26] {strider} I was in love with Princess SummerFallWinterSpring.

[09:26] {ese} ahhhh ya .......can barely remember it

[09:26] {Threei} aside of SEED and TIVO uduasl suspects only

[09:27] {Threei} usual too

[09:27] {BillyD} WFC gapping down thru resistance of .90 area

[09:27] {Threei} yeah, probably a short candidate at some point

[09:31] {Threei} Short Setup: WFC .85 break if stays under .95

[09:31] {Threei} as a first try

[09:33] {Threei} 1:1 will bwe half out for me

[09:33] {bkhmd} ty

[09:33] {bkhmd} out

[09:33] {fernp} out here TY

[09:34] {Threei} pesky scalpers

[09:34] {nemo} ty

[09:34] {Threei} SEED... that dive into .80- .90 was it but way too fast

[09:35] {Threei} FEED is trying to follow

[09:35] {Threei} who partiasls, WFC stop to above b/e

[09:36] {strider} amzn big dump

[09:37] {magoo} was just gonna say that stryder..nice pick up

[09:39] {Threei} SEED, .30-.40 zone should provide bounce

[09:40] {Threei} Case: US housing signs in CA are showing signs of stabilization

[09:40] {Threei} US) Preview: Nov Consumer Confidence due out at 10amET

[09:40] {Threei} **consensus expectation: 47.3e v 47.7 prior (most estimates range between 45-49)

[09:40] {Threei} US) Preview: Nov Richmond Fed Manufacturing Index due out at 10amET

[09:40] {Threei} **Consensus expectation: 8e v 7 prior

[09:41] {Threei} (US) Preview: Q3 House Price Index due out at 10amET

[09:41] {Threei} - QoQ: 0.3%e v -0.7% prior

[09:41] {dino} cbrl

[09:41] {BillyD} NLST

[09:41] {magoo} NLST

[09:41] {strider} out wfc last half flat

[09:43] {BillyD} just enough to stop WFC

[09:44] {strider} FAS not following qqqq up

[09:44] {Threei} watch SEED

[09:46] {Les} bullish falling wedge on FEED?

[09:47] {Threei} one more leg down SEED

[09:48] {Threei} Long Setup: SEED .45 break

[09:48] {Threei} ugh

[09:48] {Threei} ok

[09:49] {Threei} same setup

[09:49] {Threei} if stays above .30

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {BillyD} out ty

[09:49] {bkhmd} missed it

[09:49] {Threei} wow

[09:49] {Les} adrenalin rush cool ty out

[09:50] {Threei} gave ample time

[09:50] {strider} +.16 SEED

[09:50] {BillyD} it cane back and picked me up

[09:50] {Threei} twice

[09:51] {fernp} same here Billy

[09:51] {Threei} .30 - .40 bounce zone forecasted well in advance worked like charm

[09:51] {Threei} rare case with momo movers

[09:51] {Threei} WFC, mama

[09:52] {BillyD} yeah, WFC oh well, we had its weakness pegged though

[09:52] {BillyD} it barely hit 1:1 and barely hit trailing stop

[09:53] {Les} VAd, we looking at severe spy breakdown?

[09:53] {Les} sentiment seems somewhat negative...

[09:54] {Threei} so far yes

[09:54] {Threei} Long Setup: RIMM .40 break half lot

[09:55] {Threei} if stays above .30

[09:55] {strider} seed

[09:55] {fernp} numbers in 5min

[09:56] {Threei} invalidated

[09:56] {Les} tried to fade RIMM too quick for me

[09:56] {Threei} let's wait out this set of numbers, too many of them

[09:56] {bkhmd} consumer confidence and what else?

[09:56] {Threei} scroll up the floor

[09:57] {Threei} too many to repost

[09:57] {Threei} EUR/USD Dealer chatter the Consumer confidence data will be below the 47.3 expectations by a 'few points' prompting some risk aversion sentiment

[09:57] {Threei} - Whisper number is a 45 handle

[09:57] {bkhmd} ty

[09:58] {magoo} SEED should take v12

[09:59] {cosmo} NLST again....

[09:59] {cosmo} wants 7

[09:59] {ese} dino you have anything on your min up/dn 2.00 screen

[09:59] {Threei} *(US) NOV RICHMOND FED MANUFACTURING INDEX: 1 V 8E

[09:59] {dino} long, dltr, cbrl

[10:00] {ese} tks

[10:00] {Threei} US) NOV CONSUMER CONFIDENCE: 49.5 V 47.3E

[10:00] {ese} CC beats

[10:00] {bkhmd} Dino I was watchng DLTR whats ur entry

[10:00] {Threei} US) Q3 HOUSE PRICE INDEX Q/Q: 0.2% V 0.3%E

[10:00] {nemo} delusions win

[10:00] {strider} +.18 FAS

[10:01] {dino} fdo hl l .80

[10:01] {Threei} FDIC Deposit fund had negative $8.2B balance in Q3

[10:01] {Les} ouch

[10:03] {dino} confidence inspiring

[10:03] {BillyD} is that all the numbers??

[10:03] {Les} NLST ascending triangle?

[10:03] {cosmo} NLST salmon ladder @ 7 fwiw

[10:05] {strider} long FDO .77

[10:05] {strider} stop .69

[10:05] {Threei} is it not enough billy?? :)

[10:05] {BillyD} lol....

[10:06] {dino} ceph hl l .00 stop lod

[10:06] {cosmo} salmon ladders are like pivots

[10:06] {BillyD} want to know if the dust will be settling

[10:06] {BillyD} and not kicked up again

[10:06] {cosmo} or they should be...

[10:08] {strider} out FDO

[10:08] {strider} stop was too tight.

[10:08] {BillyD} if NLST can hold .90 area and take .05 may be worth half lot

[10:09] {BillyD} Big IF

[10:11] {strider} QQQQ broken yesterday's lows

[10:11] {dino} fwlt hl l .75 stop .48

[10:15] {ese} l ceph .81 pullback sm

[10:15] {Threei} Long Setup: RIMM .40 break half lot

[10:15] {Threei} daja vu

[10:15] {Threei} a=e

[10:16] {fernp} stop Vad?

[10:16] {Threei} if stays above .25 for invalidation

[10:16] {Threei} but if bounces from here, .30

[10:16] {fernp} thanks

[10:16] {ese} out ceph .71 stopped

[10:17] {ese} -.10

[10:17] {dino} sorry

[10:18] {ese} not apologizing to me i hope

[10:19] {ese} thought it had an even shot at bouncing....ala double bottom on 1min cht

[10:19] {Threei} 1:1 blinked for like nanosecond

[10:19] {fernp} ty I have my fill at .50. prited there?

[10:19] {ese} i was small....300shs......30bucks plus commis

[10:20] {dino} :)

[10:20] {Threei} it did fern

[10:20] {fernp} oh well, TY very much

[10:20] {Threei} ummm

[10:20] {Threei} why oh well??

[10:20] {fernp} well, UAAAAAU!!!!

[10:22] {cosmo} lots of bears at the ladder it seems

[10:23] {Threei} waiting for salmon to swim by

[10:23] {cosmo} easy pickings too

[10:25] {cosmo} bears eating them back

[10:27] {strider} QQQQ broken yesterday's lows

[10:27] {strider} wrong...post

[10:27] {strider} Rimm stop still at. 30?

[10:28] {Threei} yeah

[10:28] {Threei} it touched 1:1 twice by now

[10:28] {Les} Vad, 3rd time lucky b/o of NLST?

[10:28] {Threei} no exit?

[10:29] {Threei} doesn't look too encouraging to me, NLST

[10:29] {strider} dummy me...I was thinking it was a .15 stop.....I guess because of the 1`/2 lot.

[10:29] {strider} sigh.

[10:29] {cosmo} NLST bears getting full imo

[10:30] {ilana} can you explain why NLST doesn't look too encouraging

[10:30] {strider} Boy I sure blew that trade.

[10:30] {magoo} shake it off..NEXT

[10:31] {strider} :}

[10:31] {Threei} instead of making higher highs and higher lows, NLST makes both,

[10:31] {Threei} higher highs and lower lows

[10:31] {cosmo} high volume distribution .... churning behavior.....

[10:31] {Threei} expnading range

[10:31] {Threei} not my favorite way to say the least

[10:32] {Threei} shakes you out on both, breakouts and breakdowns,

[10:32] {Threei} and doesn't allow for range trade as range is broken both directions

[10:32] {Threei} solid 1:1 this time RIMM

[10:32] {strider} rub it in vad. :)

[10:33] {Threei} you dumped it?

[10:33] {strider} yep

[10:33] {bkhmd} stride ur stop of .30 wasnt taken out correct?

[10:33] {Threei} oh, it touched under .30... sheesh, sorry

[10:33] {bkhmd} oh

[10:33] {larisa} it did go under 30 for a sec

[10:33] {Threei} yes, I see it now

[10:33] {strider} re-do..re-do

[10:33] {nemo} seed broke support

[10:33] {strider} I think Trev had something to do with that.

[10:35] {bkhmd} thanks trev got it

[10:37] {dino} enoc

[10:38] {Les} seed almost ready to short

[10:38] {strider} interesting daily...enoc

[10:38] {nemo} nuva running

[10:38] {lasertrev} ok

[10:39] {dino} beat up yesterday nuva

[10:41] {BillyD} DRAM, a bit jumpy with spread

[10:41] {BillyD} daily look snice

[10:42] {strider} enoc doesn't believe in pullbacks.

[10:42] {Les} CAT rebounding like you pointed out yesterday Nemo?

[10:43] {nemo} Moth memory can't remember what I said, but when it broke above .60 was major support/resitance

[10:45] {Threei} here is what this market needs:

[10:45] {Threei} The best medical minds of the 16th century prescribed bloodletting as a means to "rebalance the body's humors"

[10:46] {cosmo} sweating works better

[10:46] {Les} we have that equivelant of medicine vad. today its called economics...

[10:48] {Threei} General Motors Corp Reportedly talks to sell Saab to Koenigsegg have fallen apart - CNBC

[10:48] {Threei} **Note: On 8/17, it was reported that Koenigsegg need to secure about $300M in funding to complete the transaction.

[10:48] {Threei} first Saturn, now Saab

[10:49] {Threei} how come no one wants to buy any of those excellent car lines GM collected over decades?

[10:49] {Threei} oh wait...

[10:49] {BillyD} same reason no one wants to buy the cars

[10:49] {nemo} funny...TCM still uses bloodletting, but you remove drops of blood from specific acupuncture points

[10:49] {Threei} scary thought... could be, just maybe... they are not... that excel... no,, I can't even finish that

[10:50] {Les} Saab's are ok. Rather quirky design though. A scandinavian thing...

[10:51] {Threei} maybe for Europe... here their sheer size is ridiculous

[10:51] {fernp} do u like TGT if breaks .50, Vad?

[10:51] {cosmo} the Sonit was my favorite

[10:52] {Threei} for a scalp, mayube...

[10:52] {Threei} if market jumps

[10:52] {fernp} ok

[10:52] {cosmo} sonnet

[10:52] {Threei} lukewarm to say honestly

[10:53] {Threei} just buy smart car cosmo... you know you want it

[10:53] {Threei} and you have no snow... one of two things that make it not so smart

[10:53] {Les} descending triangle on WFC?

[10:53] {fernp} i'll pass TGT

[10:54] {larisa} forget cars, sales of luxury yachts are up 200%. vad did you buy yours?

[10:54] {Threei} it just follows market tick by tick right now Les

[10:54] {Les} k

[10:54] {Threei} no significance to its own formation at this point

[10:55] {Threei} no larisa... those yachts I like are too high maintenance :)

[10:55] {Threei} require crew

[10:55] {dino} lol

[10:56] {Les} c&h aig?

[10:56] {BillyD} Vad, put Cap't Nemo to work

[10:57] {Threei} not really AIG

[10:57] {larisa} small boat painted brightly like they do in the Carribean will work too :) next to small house over there

[10:57] {Les} sorry. its following spy as well

[10:57] {cosmo} 1956 Saab Sonett I Super Sport might be a good investment about now

[10:58] {cosmo} http://1951kaiser.files.wordpress.com/2009/04/saab_sonett-red_56.jpg

[10:58] {larisa} AIG was worth a try off 34.30 support, but was so slow and paceless

[10:59] {ilana} SEED .95 breakdown with market drop?

[10:59] {ilana} late

[10:59] {nemo} see the break of the trend line on seed at 11.10 ilana?

[10:59] {Les} let's see if we get it at .80 trigger

[10:59] {Les} wow

[11:00] {Threei} if you are looking to short SEED, better do it at the points like nemo indicated

[11:00] {nemo} ouch!!!

[11:00] {larisa} lol

[11:01] {nemo} fell off my chair

[11:01] {ilana} lol

06[11:01] * Threei slaps nemo around a bit with a large chair - that same nemo just fell off

[11:01] {Threei} feeling better?

[11:01] {ilana} wouldn't it be too agressive?

[11:02] {Threei} it would,

06[11:02] * nemo nemo crawls in cave...closes door...grabs teddy...pulls blanket over head

[11:02] {Threei} but the point is:

[11:02] {Threei} this speed of decline cuts both ways,

[11:02] {nemo} especially on a stock everybody's watching

[11:02] {Threei} and if you short into vertical drop, it's very easy to get caught in hysterical counterspike

[11:02] {dino} seed drop

[11:03] {nemo} where you been dino?

[11:03] {Threei} first break of th uptrend though, even if you end uip on a wrong side carries way smaller stop

[11:03] {Threei} lol dino... that dial-up is really slow

[11:03] {dino} lol

[11:03] {nemo} I think he's using carrier pigeons

[11:03] {dino} i was in the future, sorry, just got back

[11:04] {Threei} did you bring tomorrow's WSJ?

[11:04] {larisa} whats AMZN price in the future?

[11:04] {larisa} lol vad

[11:04] {dino} wall st. was out of business. amzn was taken over

[11:04] {tomg} bce vad?

[11:05] {dino} and saturn is still losing $ for gm

[11:05] {Threei} way too narrow tom

[11:05] {Threei} 30 cents whole range

[11:06] {tomg} ty

[11:07] {cosmo} cien tests hod 12.42

[11:08] {ese} is it my imagination.....or is there really nothing going on......finding something to trade is like finding the perverbial needle in a haystack deal today

[11:08] {Les} HGSI making a new high

[11:09] {dino} ceph waking up now

[11:10] {ese} is it ever

[11:11] {dino} off of .00?

[11:12] {ese} hmmmmmm

[11:12] {Les} damn. seed not shortable IB

[11:12] {nemo} this is bounce area for seed les

[11:12] {ese} i'm watching the qqqq ...if it makes a break for it above 44....i'll go long ceph

[11:13] {dino} i'm going break of .00

[11:13] {ese} i'm in ..99

[11:14] {ese} changed my mind

[11:14] {ese} l ceph .99

[11:15] {Les} yeh i see yesterdays support. was looking for .5 but...

[11:15] {dino} don't woryy, les is more

[11:16] {nemo} bad....anyway...ceph been having real problems with 55

[11:16] {dino} you must luv walmart les, you get to use the 20 items or les line

[11:16] {nemo} wow dino...

[11:16] {Les} ?

[11:17] {ese} lol

[11:17] {nemo} dino's on fire today les

[11:17] {dino} you're les

[11:17] {Les} who's opposite dino?

[11:17] {Les} anyone?

[11:17] {nemo} he's in switzerland dino...doesn't see the commercials

[11:17] {dino} ahh, i see

[11:17] {Les} someone to hit Dino?

[11:17] {dino} ouch

06[11:17] * nemo slaps dino around a bit with a large dose of geographical awareness

[11:17] {BillyD} violent group

[11:18] {Les} who is it that works togethor?

[11:18] {Les} ese and mags?

[11:18] {dino} see, future again

[11:18] {ilana} what do you have the trout for?

[11:18] {nemo} dino and mags

[11:18] {dino} ouch before the slap

06[11:18] * nemo slaps ilana around a bit with a large trout

[11:18] {ese} whaaaaaa........i'm casual observer here

[11:18] {ilana} me??

[11:18] {Les} voila. mags, sic him!

[11:18] {BillyD} lol....u asked for it

[11:18] {nemo} don't be looking for fair here ilana

[11:18] {ilana} no, i told les about it

[11:18] {nemo} Nature is unkind...

[11:19] {ilana} yours?

[11:19] {nemo} whose?

[11:19] {Threei} nemo is not exactly a gentleman, you know

[11:19] {Les} how do you do that Nemo?

[11:19] {nemo} do what?

[11:19] {Les} the red script?

[11:19] {nemo} mirc

[11:19] {strider} AMZN?

[11:20] {nemo} below 133 strider, but this is bounce area

[11:20] {ese} casual observer and loosing money in ceph.......shoulda waited for the break......ah what the H......trading adrenalin hit

[11:20] {Threei} Long Setup: ILMN .60 if holding above .50

[11:21] {magoo} in

[11:21] {dino} may be better worlds than ceph

[11:21] {ese} IT"S A CALL.......quick everyone.......could be the last one of the day

[11:22] {magoo} roflol

[11:22] {Threei} oh come on... it's a 4th one today

[11:22] {nemo} he said last

[11:23] {Threei} no worky anyway

[11:23] {nemo} moight be db

[11:23] {ese} this board is just too goofy some days................................LOVE IT!!!!

[11:23] {magoo} anyway? it triggered

[11:23] {ese} ceph heading back to .00

[11:24] {dino} like a seesaw

[11:24] {ese} it'll break it dino....just a question of when

[11:24] {Les} goog consolidation?

06[11:24] * magoo slaps Les around a bit with a large trout

[11:24] {Threei} GOOG

06[11:24] * nemo slaps Les around a bit with a large trout

[11:24] {ese} 15 min chart is screamin it

[11:24] {Threei} no, really?

[11:24] {Les} ah no, spy follower

[11:25] {Threei} yeah, that's the only thing that is wrong with GOOG

[11:25] {Threei} lol

[11:25] {Les} that's pretty hard slapping there fellas

[11:25] {nemo} seed break of .90 stop under .70

[11:25] {nemo} ?

[11:25] {Threei} nah

[11:26] {BillyD} stocks seem to come within pennies today

[11:26] {magoo} i like ILMn off fitty

[11:26] {magoo} but it went

[11:26] {dino} maybe now

[11:27] {ese} come on ceph.....thats a good little stock now........

[11:27] {ese} ahhhhh even money

[11:28] {strider} Vad, why do you do half lots on some?

[11:29] {Threei} volatilitu

[11:29] {ese} .989912........what kind of flippin quote is that for time and sales

[11:29] {Threei} imagibe slippage on GOOG

[11:30] {ese} pausing dino

[11:31] {Threei} Short Setup: SEED .85 break

[11:31] {nemo} cat looking a tad precarious, might be a short of .60

[11:32] {Threei} if stays under .90

[11:33] {strider} Why was that a short?

[11:33] {ilana} ILMN eventually worked

[11:33] {Threei} it wasn't

[11:33] {Threei} it nevere triggered

[11:34] {strider} I know. but what made you call it as a short. ?

[11:34] {Les} ascending wedge?

[11:34] {Threei} minirange with support at .85

[11:34] {nemo} seed still might be setting up for short

[11:34] {bkhmd} I agree nemo

[11:35] {Threei} formed at the top (at the moment) of the bounce

[11:35] {magoo} i think SEED is a short and a long just about timing and levels

[11:35] {nemo} funny guy

[11:36] {ese} ceph p 125 in vads book........flatline at the high

[11:36] {ese} ahhhhh finally

[11:36] {ese} diiiinnnoooo??

[11:37] {ese} ok 1 more k to make this exciting

[11:38] {ese} daaaaaaaaa

[11:38] {nemo} big bid .90 on seed

[11:38] {larisa} scalping wise it is not a short now imo. pullback into .70 at 11.23 was a long entry on downtrend break. no?

[11:38] {larisa} on SEED

[11:38] {dino} i'm here and in

[11:39] {nemo} long or short dino?

[11:39] {dino} l

[11:39] {dino} ceph that is

[11:40] {nemo} oh

[11:41] {nemo} larisa, see that big order at .85, that's right on the 200, would be a stop for me

[11:41] {Threei} CEPH is amazingly narrow for such a dump itr went throuigh

[11:42] {nemo} might be the week vad

[11:42] {Threei} short week you mean?

[11:43] {larisa} i do not look for those nemo, but double top over 11 gave a signal :)

[11:43] {nemo} yeah nobody around tomorrow or friday

[11:43] {nemo} computers trading computers

[11:43] {Les} people take weekend from Wednesday?

[11:44] {nemo} half day tomorrow and friday les

[11:44] {Les} markets too?

[11:44] {larisa} tomorrow half?

[11:44] {Threei} no

[11:44] {nemo} cat on the verge of short, no volume indication

[11:44] {nemo} open all day, but how many people gonna' be there?

[11:44] {Threei} but I am debating whether it's worth even waking up on Friday

[11:44] {BillyD} it is Vad, to eat more

[11:45] {Les} Vad GS good for .10 short?

[11:45] {Threei} ok... I'll give you that... but what about trading? :)

[11:45] {larisa} lol

[11:45] {Les} what, you wanna take the day off?

[11:45] {BillyD} lol

[11:45] {Threei} .10?

[11:45] {Threei} GS?

[11:46] {Les} from its area of consolidation down to previous low

[11:46] {Les} but too late

[11:46] {nemo} cat short under .50...but...pivot s1 at .46

[11:46] {Threei} Les... what price do you have for GS??

[11:46] {dino} crmt salmon

[11:47] {strider} looks like an exploded salmon

[11:47] {Les} ah no Vad. .10 profit target. not trigger price

[11:47] {Threei} lol

[11:47] {Threei} how am I supposed to evaluate the trade with no setup

[11:47] {Les} sorry. will use trigger price in future

[11:47] {strider} How can you possibly make any sense out of that chart, dino? :)

[11:48] {Les} k

[11:48] {nemo} he does it all the time strider...rorschach tests are Dino's specialty

[11:48] {strider} Ah, you're looking at 15 m in. or so.

[11:49] {magoo} iis friday half day?

[11:49] {dino} chart says up, whats to know

[11:49] {strider} dino, you da man

[11:49] {fernp} Friday markets close at 1 pm

[11:50] {Threei} 11:47] {strider} looks like an exploded salmon

[11:50] {Threei} rofl

[11:50] {Threei} I just looked

[11:51] {Threei} salmon that swallowed the grenade

[11:51] {dino} i'm a simple guy thats all

[11:52] {strider} haha

06[11:53] * strider slaps ese around a bit with a large copy of p.125 of Vad's book.

[11:55] {nemo} geez...volumes actually pretty good today

[11:55] {nemo} whoa...crude under 76

[11:56] {dino} gco strange

[11:57] {Threei} Long Setup: SEED .90 break

[11:57] {Threei} if holding above .80

[11:59] {strider} FAS dbl bottom

[12:00] {ese} ST.....didn't see the slap ....was reading vads book........

[12:00] {strider} :)

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

[12:00] {Threei} - NYSE volume 370M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.

[12:00] {Threei} - NASDAQ volume 865M shares, about 13% below its three-month average; decliners lead advancers by 2.3:1.

[12:00] {Threei} - VIX index -1.3% to just under 21.00

[12:00] {ese} ahhhhhhh and it's another call!!1

[12:01] {Threei} wow... must be a good book, people endure physical violence not noticing it

[12:01] {BillyD} maybe short SEED on .80 here

06[12:01] * Threei thinks of suggesting his book to surgeons as anestetic

[12:02] {strider} nah, give em Farley's book for that.

[12:02] {nemo} nahhh...sharp edges

[12:03] {fernp} invalidated SEED for two cents?

[12:03] {Les} no its hardcover. very good for defence

[12:03] {ilana} let;s flip a coin

[12:04] {nemo} becomes discretionary

[12:09] {nemo} jeez, ceph just doesn not want to go above 55

[12:10] {ese} yaaaaa driving me nuts

[12:10] {nemo} ese...that's impossible

[12:11] {ese} whaaaaaaaaa

[12:11] {nemo} (you're already there :))

[12:12] {ese} ahhhhh I represent that remark

[12:12] {nemo} I realize it's the pot calling the kettle black..but...takes one to know one

[12:12] {ese} the longer ceph bumps up against 55 the farther it will go once it gets through

[12:13] {larisa} vad, you can kick nemo

[12:13] {nemo} well, the FW 200 period and vwap are moving up...they're both at .90

[12:14] {Les} lol

[12:14] {larisa} why so much attention to CEPH, it is dead? let it wake up first

[12:14] {larisa} or somebody in?

[12:15] {Threei} does the reason for the kick appear on main screen?

[12:15] {larisa} I have all comments off, so not for me

[12:15] {Les} yes

[12:16] {Les} jcp bounce coming?

[12:16] {Threei} it's so narrow

[12:17] {Threei} even if yes, what to count on... 5 cents?

[12:17] {Les} hmm. trawling through S&P charts. like digging up tombs...

[12:17] {strider} amzn break of .30?

[12:17] {strider} long

[12:17] {Les} nothing alive

[12:17] {Threei} lol, nemo, you are not on autoreconnect??

[12:18] {nemo} yeah, I closed the discussion window, so I just shut it down and restarted

[12:19] {ese} afreed laris

[12:19] {nemo} cat short .69?

[12:19] {ese} thats agreed

[12:19] {nemo} or short at top of pullback?

[12:19] {BillyD} range is so small hard to do anything right now

[12:19] {nemo} then again, it's only .07 to support

[12:20] {Threei} market is locked in a very narrow range - and so are all these stocks

[12:20] {Threei} until we get direction again, all these trades are just 50/50 coin toss

[12:20] {BillyD} unless you trade SEED, it expands its range

[12:20] {larisa} lol

[12:27] {Threei} (US) President Obama: Plans to announce new Afganistan strategy soon (related EUR/USD GLD )

[12:27] {Threei} reminds me Charlie Harper's dialoh with one-night-stand who asks him when he is going to call her

[12:27] {Threei} soon

[12:27] {Threei} how soon?

[12:27] {Threei} very soon!

[12:28] {Threei} SEED suddenly decided to go

[12:28] {magoo} if the players get looking for something to do here.....SEED

[12:29] {nemo} only table with action

[12:31] {dino} got booted

[12:31] {Threei} here is one Afghan strategy: get out of there

[12:31] {nemo} ese, still in ceph?, should bounce here

[12:31] {dino} anyway, hl l gco .25

[12:31] {dino} y

[12:32] {Threei} that was atrange dino... you had big ping delay (over 2 min) but magoo was fine

[12:32] {nemo} and magoo's the surfer

[12:32] {BillyD} magoo put a hairline cut in dino's cable

[12:32] {Threei} and spiked his beer?

[12:33] {dino} dk

[12:33] {nemo} rufies?

[12:33] {Threei} yikes

[12:33] {magoo} vad, any thoughts on SEED?

[12:33] {dino} they grow

[12:33] {Threei} feels to me like getting ready for momo resumption

[12:33] {nemo} ba da bum

[12:33] {Threei} lol

[12:33] {nemo} seed

[12:33] {nemo} duh

[12:33] {nemo} nevermind

[12:36] {Threei} annual drama resumes

[12:36] {Threei} GAZP.RU Announces it will cut supply of natural gas to the Ukraine to 33.75B cubic meters in 2010

[12:37] {dino} annual thing

[12:37] {Threei} yep

[12:37] {Threei} blackmailing Europe

[12:37] {Threei} with that funny refrain "we are too civilized to use natural gas as a weapon"

[12:38] {Threei} Preview: minutes of the Nov 4 FOMC meeting to be released at 14:00ET

[12:38] {Threei} **in a unanimous vote on Nov 4, the FOMC held rates again at 0.25% and maintained its pledge to hold rates exceptionally low for an "extended period." In its policy statement, the FOMC reduced its agency debt program to 'about' $175B from $200B and stated:

[12:38] {Threei} - Economic activity "has continued to pick up."

[12:38] {Threei} - Businesses still cutting back on fixed investment and staffing, yet at lower pace

[12:38] {Threei} - Household spending seems to be expanding; spending affected by job losses and tight credit; lower housing wealth.

[12:38] {Threei} - Economic slack and low inflation justify low rates.

[12:38] {Threei} - To gradually cut the pace of agency debt and MBS purchases (to purchase total $1.125T of agency mortgage backed securities); expects completion by Q1 2010.

[12:39] {Threei} also,

[12:39] {Threei} Preview: Treasury's $42B 5-year note auction results due just after 1PM ET

[12:39] {Threei} - $42B auction size is a $1B increase from Oct

[12:39] {Threei} - prior bid-to-cover ratio 2.63 with an average of 2.28 over the last 10 auctions

[12:39] {Threei} - indirect bidders took 54.8% of competitive bids at last auction with 2.81% alloted at the high

[12:39] {Threei} - When Issued notes currently yield 2.18% which is roughly 4 basis points higher than the cash market

[12:39] {Threei} maybe some day I'll learn to interpret results of these auctions

[12:43] {ese} one breif shinning moment .......again

[12:43] {ese} brief

[12:45] {ese} auch du miya........

[12:46] {nemo} hey ese...you practicing threeish?

[12:46] {ese} threeeish?

[12:46] {nemo} [12:43] {ese} one breif shinning moment

[12:47] {ese} 3i?

[12:47] {nemo} yeah

[12:47] {ese} lol........ahhhhhh ya.....ya ya thats it

[12:47] {larisa} or 3e :)

[12:47] {Threei} you don't practice it... it either comes to you as a beam of shining hope through the dark heavy clouds of worldwide misery... or you are pretty much screwed

[12:48] {larisa} no, you still can spell and be happy at the same time:)

[12:48] {ese} indeed

[12:49] {larisa} dino, we still waiting for the pullback under 10k or pattern is broken?

[12:50] {larisa} he is checking it in the future :)

[12:51] {ilana} no, he simply didn't get the message yet :-)

[12:52] {dino} i think we go to 9900s by end of month or early dec.. but what do i know

[12:53] {larisa} ok

[12:53] {dino} 400-600 pt pullback are the pattern

[12:54] {larisa} if we shoot up from these levels without good pullback, I will learn treeish

[12:54] {larisa} caz it is equally crazy

[12:59] {Threei} I really hope you are right dino

[12:59] {Threei} we need ranges to widen

[12:59] {Threei} these long periods of freeze become tiresome

[13:00] {nemo} open the bottle

[13:00] {Threei} I am not as anxious as magoo, but even I want more action

[13:00] {Threei} nemo, this comment you just started typing

[13:00] {strider} ese, you're an old song and dance man....entertain vad for awhile.

[13:00] {Threei} don't even think about it

[13:01] {Threei} strider, here is the problem with that concept:

[13:01] {Threei} ese demands shishkebab for that

[13:01] {Threei} and I end up the entertaining one {G}

[13:01] {strider} hmmm....

[13:02] {dino} i agree vad, lately we stop moving after the first 30 minutes or so

[13:02] {strider} nemo...break out the bottle.

[13:02] {Threei} TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.175%; BID-TO-COVER RATIO: 2.81 V 2.63 PRIOR AND 2.28 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 60.9% of competitive bids with 67.3% alloted at the high

[13:02] {Threei} - median 2.%, low 2.%

[13:03] {Threei} mind you, I know that in order to get more action I need to get out more.... but my wife somehow objects every time I broach the subject

[13:03] {larisa} do not listen to her

[13:03] {nemo} don't understand her reticence...

[13:03] {larisa} lol

[13:05] {bkhmd} Vad what type of action are you talking about?

[13:05] {Threei} market action of course

[13:05] {bkhmd} perhaps u need to listen to wife lol

[13:06] {bkhmd} lol

[13:06] {Threei} but with nemo around, you have to consider unexpected angles

[13:06] {bkhmd} thats why i asked

[13:12] {magoo} nemo certainly has taken the focus off of magoo:)...its nice for me

[13:13] {strider} A break to the upside here might get a little more action.

[13:13] {magoo} AONE

[13:13] {Threei} don't worry mags

[13:13] {Threei} won't take long to switch back

[13:13] {Les} RweIN? (TM)

[13:14] {Threei} no news AONE

[13:15] {dino} zzzzzzzzzzzzzzzzzzzzzz

[13:15] {strider} A123 Systems project part of 32 granted funding by Department of Energy

[13:15] {strider} A123 Systems will receive $5M of Recovery Act funding to install 20 community energy storage units into a system that includes a 1 MW storage device integrated into a solar system.

[13:16] {Les} wow. from the ascending triangle that news was all AONE to go to the moon

[13:16] {Les} needed to go to the moon

[13:17] {strider} I want to subscribe to the news that our news sources use.

[13:21] {Threei} AONE Strength being attributed to DOE's list of projects in smart grids (15.81, +1.28, 8.81%)

[13:21] {Threei} 5M is nothing for AONE

[13:21] {Threei} this news is just an excuse for traders to remember about formely hot one

[13:21] {Threei} nemo, don't even think about it

[13:22] {Threei} - Specifically; Detroit Edison was awarded $5M for Detroit Edison's Advanced Implementation of A123s Community Energy Storage Systems for Grid Support - Demonstrate the use and benefits of Community Energy Storage (CES) systems for utilities and test the ability to integrate secondary-use electric vehicle batteries as part of the CES demonstration.

[13:22] {nemo} I was looking at cat as a short, wasn't thinking about anything

[13:24] {strider} gotta go.......see y'all tomorrow.......I'm expecting a lot of action.

[13:24] {fernp} bye strider

[13:24] {magoo} bye stry

[13:24] {bkhmd} market action right strider?

[13:24] {Threei} take care strider

[13:24] {bkhmd} take care

[13:24] {strider} :)

[13:26] {dino} cya stride

[13:27] {dino} wall of china at .00 ceph

[13:30] {nemo} pru strong today

[13:32] {BillyD} ILMN strong

[13:35] {bkhmd} too much action Vad can u slow this market down lil?

06[13:36] * nemo slaps bkhmd around a bit with a large trout

[13:39] {fernp} QQQQ is halted? T/S doesn't show activity :-)

[13:40] {nemo} no, it's just so frickin' slow today

[13:41] {Threei} SEED decent drop

[13:42] {magoo} more like "indecent"

[13:43] {bkhmd} yea i had my eye on s break of 92 and the pizza guy rings bell come back and its gone

[13:44] {nemo} cat slowly climbing

[13:45] {fernp} very expensive pizza, bk

[13:45] {Threei} pizza guys are evil

[13:45] {Threei} even worse than cable guys

[13:45] {bkhmd} and its not even my favorite

[13:45] {fernp} lol

[13:46] {Threei} not favorite guy?

[13:46] {fernp} or cable?

[13:46] {bkhmd} ur sick today vad man

[13:46] {Threei} I am bored :)

[13:46] {Threei} whole day, 4 trades

[13:46] {Threei} well, half day

[13:46] {bkhmd} first u want action outside the house now u want my pizza guy?

[13:46] {bkhmd} lol

[13:46] {bkhmd} lol

[13:47] {Threei} nah, keep the guy

[13:47] {bkhmd} lol

[13:47] {Threei} but if you still have pizza, magoo, dino and I are on our way

[13:47] {bkhmd} plenty here mushroom only

[13:47] {Threei} no meat?

06[13:47] * Threei cancels airttickets

[13:47] {dino} garbage

[13:48] {bkhmd} wife is veggie girl

[13:48] {Threei} wow...

[13:48] {magoo} i like veggie pizza..also like meat lovers

[13:48] {Threei} Preview: minutes of the Nov 4 FOMC meeting and updated Fed staff economic forecasts to be released at 14:00ET

[13:48] {Threei} **today's minutes may include further discussion of the Fed's testing of repo programs, and could also inlcude talk from inflation hawks worried about the size of the balance sheet. But such hawkish talk may be discounted on the heels of an unexpected large rise in the unemployment rate to 10.2% a few days after the FOMC meeting. Since then, Fed Chairman Bernanke delivered a dovish speech (last Monday) that might dampen the impact of any more hawkish tone in today's minutes.

[13:49] {bkhmd} IMHO Pizza Hut Supreme cant be beat

[13:49] {magoo} really dont like pizza hut

[13:49] {Threei} there are a lot of things I could forgive women for... but being a veggie is not among them

[13:49] {magoo} now i feel like pizza for tonite

[13:50] {bkhmd} whats that

[13:50] {Threei} unless you interpret veggie like I do when I say:

[13:50] {Threei} if you are what you eat, then cow is a vegetarian

[13:51] {bkhmd} lol

[13:51] {Threei} thus a vegetable

[13:51] {dino} lol, going there tonight

[13:51] {Threei} thus I am one too

[13:51] {bkhmd} anti?

[13:51] {bkhmd} oops wrong window

[13:53] {fernp} SEED db?

[13:53] {Threei} or breakdown

[13:54] {Threei} toss a coin

[13:58] {magoo} AONE resumes

[13:58] {BillyD} yeah, took it .10 to .31

[13:59] {magoo} im in .00

[13:59] {BillyD} I missed it there

[13:59] {BillyD} too late

[13:59] {magoo} trying for .40 area

[14:00] {Threei} MINUTES OF THE NOV 4 FOMC MEETING: SAW DECLINE IN USD WAS ORDERLY; LOW RATES MAY CAUSE EXCESSIVE RISK TAKING

[14:00] {Threei} Wary of falling USD and impact on inflation

[14:00] {Threei} - Economic Forecast:

[14:00] {Threei} - 2009 GDP (-1.5 to -1% prior)

[14:00] {Threei} - 2010 GDP (2.1-3.3% prior)

[14:00] {Threei} - 2011 GDP (3.8-4.6% prior)

[14:00] {Threei} - Unemployment: 2009 (9.8 to 10.1% prior)

[14:00] {Threei} - 2010 (9.5-9.8% prior)

[14:00] {Threei} - 2011 (8.4-8.8% prior)

[14:01] {Threei} - PCE inflation: 2009 (1.0-1.4% prior)

[14:01] {Threei} - 2010 (1.2-1.8% prior)

[14:01] {Threei} - 2011 (1.1-2.0% prior)

[14:01] {Threei} - Core PCE: 2009 (1.3-1.6% prior)

[14:01] {Threei} - 2010 (1.0-1.5% prior)

[14:01] {Threei} - 2011 (0.9-1.7% prior)

[14:02] {magoo} out ..27 ty vad

[14:02] {Threei} this PCE forecast screams "rates remain low for quite a while"

[14:03] {Threei} hmm?

[14:03] {Threei} why me?

[14:03] {magoo} why not?

[14:03] {BillyD} it's Thanksgiving week Vad

[14:03] {Threei} oh

[14:03] {Threei} okay then

[14:03] {bkhmd} did i miss a call?

[14:03] {bkhmd} Mibbit acted funny had to restart

[14:04] {ilana} do you exchange setups in PM? :-)

[14:05] {magoo} no, we were independent billy and i

[14:05] {Threei} yes but I send magoo only losing ones

[14:05] {magoo} i didnt know he was in

[14:05] {ilana} that;s why he said thank you....

[14:05] {Threei} I suspect he broke my code though and sstarted tgrading them in opposite direction

[14:08] {Threei} Market Internals update at 2:00pmET

[14:08] {Threei} - NYSE volume 515M shares, about 26% below its three-month average; decliners lead advancers by 2.7:1.

[14:08] {Threei} - NASDAQ volume 1.18B shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.

[14:08] {Threei} - VIX index -1.75% to just under 21.00

[14:09] {magoo} i hit A1 again

[14:09] {magoo} looking fo .47

[14:09] {Threei} looks like getting ready to attack .50

[14:11] {magoo} wow..its gwetting fast hre

[14:13] {magoo} keep missing AMZN

[14:14] {magoo} stalk it...forget it...POW

[14:16] {dino} lol, uncle buck on e channel

[14:22] {fernp} I'm not trained to withstand this stress. I need to rest. Have a good evening everybody. See you all tomorrow

[14:22] {dino} cya fern

[14:22] {bkhmd} later fern

[14:23] {magoo} fern:)

[14:24] {Les} Vad. amzn short .70 break?

[14:24] {Les} forget it

[14:24] {Threei} doesn't look right to me

[14:24] {Threei} oh come on fern

[14:24] {Threei} suffer with us

[14:25] {Les} I'm suffering with nice bottle of Argentinian Malbec...

[14:25] {fernp} i'm gone

[14:25] {Les} SEED b7d

[14:25] {Les} b/d

[14:25] {Les} later fern

[14:26] {dino} and magoo's suffering....from a hangover

[14:26] {Threei} SEED break looks attractive to me

[14:26] {Threei} I just want a little consolidation

[14:26] {Threei} not such drop into suppport

[14:26] {Les} for a short?

[14:26] {Les} or bounce

[14:26] {magoo} breakdown u mean? or long?

[14:27] {Threei} breakdown

[14:27] {Threei} was eyeing .50

[14:27] {Threei} but not on vertical drop

[14:27] {Les} I can't short seed

[14:28] {Les} will try again

[14:28] {magoo} still in A1

[14:30] {magoo} waiting .88

[14:32] {Les} amzn bounce from here?

[14:32] {ilana} amzn

[14:32] {ilana} oops

[14:33] {Les} lots of eyes watching. what I like about being here...

[14:34] {Les} pack of wild Ukrainian wolves, searching for next meal

[14:34] {Threei} ugh... bounce into .50 was it SEED... missed it

[14:34] {magoo} out A1 ,87 ty vad

[14:34] {BillyD} gj magoo

[14:34] {bkhmd} gj magoo

[14:35] {Les} amzn vad?

[14:36] {Threei} looks like breakdown to me

[14:37] {Threei} but no precise setup

[14:37] {ilana} SEED is like its twin

[14:39] {magoo} jazz

[14:39] {Threei} (US) House Democrats are drafting a 0.25% tax on financial transactions, aiming to raise $150B/year - thehill.com

[14:39] {Threei} - Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25% tax.

[14:39] {Threei} - The bill, a copy of which was obtained by The Hill, is titled the "Let Wall Street Pay for the Restoration of Main Street Act of 2009."

[14:39] {Threei} - Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a job creation reserve to support new jobs.

[14:39] {Threei} ***Insight: A Tobin tax is the suggested tax on all trade of currency across borders. Named after the economist James Tobin, the tax is intended to put a penalty on short-term speculation in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%

[14:40] {dino} jazz

[14:41] {Threei} rumors?

[14:41] {Threei} I don't have anything on it

[14:44] {magoo} aig

[14:45] {nemo} no rhyme or reason to these breakouts

[14:46] {Threei} just roll the dice what's next

[14:46] {Threei} like say... DNDN?

[14:46] {magoo} in

[14:46] {magoo} ;lol

[14:46] {Threei} lol

[14:54] {magoo} vad rread on A1?

[14:55] {Threei} looks like next leg starts

[14:56] {magoo} yup

[14:56] {Threei} to about .30 -.35

[14:57] {ilana} SEED could be .20 breakdown?

[14:57] {Threei} can't tell

[14:57] {Threei} I jhave hard time reading its breakdowns

[15:01] {Threei} (US) State of California launches prelim draft regulation for greenhouse gases cap and trade; designed to start in 2012

[15:01] {Threei} - Legislation to potentially include transport; home and heating oil along with other CO2 sources.

[15:01] {Threei} - Preference is for autioning CO2 allowances.

[15:02] {Threei} csomo... what are you doing

[15:03] {BillyD} JAZZ may not e done

[15:03] {BillyD} be

[15:04] {Threei} Long Setup: JAZZ .10 break

[15:07] {bkhmd} stop 8?

[15:07] {ilana} if stays above 8?

[15:07] {Threei} yup

[15:11] {BillyD} JAZZ had that look for a moment

[15:12] {Threei} sure did

[15:12] {Threei} then shrugged, wilted and died

[15:12] {BillyD} oh well, there is always SEED to watch.....puke, puke

[15:13] {larisa} lol

[15:14] {Les} aig short .80?

[15:14] {bkhmd} yep

[15:14] {bkhmd} ;p;

[15:14] {bkhmd} lol

[15:14] {Les} going going gone

[15:15] {bkhmd} look at the trend line

[15:17] {Threei} here it iks back into trigger

[15:17] {Threei} iff you believbe into it, this is the chance

[15:17] {nemo} what? aig

[15:17] {Threei} yez

[15:17] {nemo} wow

[15:20] {Les} jazz is dead duck

[15:23] {dino} you want dead d7ucks, look at fdo and ceph, sheesh, all day and nothing

[15:24] {dino} looks like a heart failure

[15:24] {nemo} ceph just spiked both ways

[15:25] {bkhmd} Rimm is always good for something at this time of day

[15:26] {bkhmd} Vad reach into ur box of tricks and pull something out

[15:27] {dino} gco to .60

[15:27] {magoo} A1

[15:28] {Threei} I did

[15:28] {Threei} 14:55] {Threei} looks like next leg starts

[15:28] {Threei} [14:56] {magoo} yup

[15:28] {Threei} [14:56] {Threei} to about .30 -.35

[15:30] {dino} fdo to .93

[15:32] {dino} gco tighten to .69

[15:34] {dino} out gco .68, +.43

[15:41] {dino} out fdo .03, +.23

[15:43] {bkhmd} good night all

[15:45] {Threei} take care bk

[15:45] {dino} cya bk

[15:54] {Threei} what do you know... SEED wasn't dead

[15:56] {Threei} 10 points range NQ for the most of the day

[15:57] {Threei} 15 overall

[15:58] {Threei} okay guys, thank you all

[15:58] {nemo} cya...won't be back until next week...might check in tomorrow though...wouldn't want you guys to miss one day of my tremendous wit.

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {dino} out ceph .94 m-.06

[15:58] {larisa} bye :)

[15:58] {Les} night all

[15:59] {dino} out crmt .67, +.60 swing

[16:00] {Threei} wtg

[16:00] {BillyD} GN all

[16:00] {dino} thx

[16:04] {dino} gn all, gotta hop

[16:08] {Threei} NVIDIA Corp U.S. Patent Office Rejects All 17 Claims in Three Rambus Patents Asserted Against NVIDIA in International Trade Commission

[16:08] {Threei} - U.S. Patent and Trademark Office (USPTO) has rejected all 17 claims in three Rambus patents that the company had asserted against NVIDIA in the International Trade Commission (ITC).

[16:08] {Threei} - The action, known as filing an action closing prosecution, follows preliminary rejection of the claims earlier this year by the USPTO.

[16:13] {magoo} ty

Nov 23 2009

Not bad day with quite a few trades for a Monday. RIMM, WFC, SYMC, SEED, RMBS short, HIG short, ACI short... most of them worked, although just two or three were good for more than scalp


Session Time: Mon Nov 23 00:00:00 2009

[08:41] {Threei} Research in Motion Ltd UPDATE: NPD data show Blackberry Curve was best selling smartphone in Q3; Apple iPhone 3GS was second; total smartphone sales up 4.2% to 43.3M units in Q3
[08:41] {Threei} - the rest of the top five include the iPhone 3G, Blackberry Tour, and Blackberry Storm.
[08:42] {Threei} US) IMF's Strauss-Kahn: Confidence in USD will not disappear soon
[08:42] {Threei} must be the reason it's getting sold off
[08:42] {Threei} too much confidence causes selling, ya know
[08:42] {nemo} yeah, frickin idiot
[08:43] {BillyD} GM All
[08:44] {Threei} Billy :)
[08:46] {Les} hey vad
[08:46] {Threei} les :)
[08:47] {Les} just curious. need to contact info@realitytrader.com. Is that you, or do you have staff?
[08:47] {Threei} just contact who you need... what does it matter to you?
[08:48] {Les} :) just being nosey
[08:49] {strider} morning everyone.
[08:49] {Threei} strider :)
[08:50] {Les} watching UPRO. first time I've reflected on danger of wide spread, low vol, so didn't buy. still, up 23 cents.
[08:50] {Les} strider
[08:51] {strider} Vad:)
[08:51] {Threei} I don't possess enough technical knowledge to run a website or marketing, nor do I have time and desire to deal with financial stuff Les
[08:52] {nemo} strider...
[08:52] {strider} :)
[08:55] {Les} ok. I just cancelled my subscription...
[08:56] {Les} will take realitytrader up on the 6 month offer
[08:56] {Les} no getting rid of me now baby...
[09:03] {cosmo} no more, no Les
[09:03] {Threei} lol
[09:04] {cosmo} :)
[09:04] {Threei} practicng since early morning I see, cos
[09:04] {bkhmd} morning all
[09:04] {Threei} bkh :)
[09:05] {strider} CEPH
[09:05] {Threei} today is a first time NLST i\s not gapping up
[09:07] {Les} KIRK gapped up to new high today
[09:16] {cosmo} SEED: Origin Agritech Announces Final Approval of World's First Genetically Modified Phytase CornBusiness Wire(Sat, Nov 21)
[09:17] {strider} AMZN upgrade, gap up
[09:18] {Threei} SEED has history of being a runner
[09:19] {cosmo} FEED sympathy?
[09:20] {Threei} I guess... no its own news for FEED
[09:21] {ese} bout time
[09:21] {Threei} lol
[09:21] {Threei} it may let you in easier if you use your nickname, ese...
[09:22] {KSystems} Good morning
[09:22] {larisa} gm :)
[09:22] {Threei} larisa :) welcome back
[09:22] {Threei} ks :)
[09:22] {ese} i did........sheesh...... we didn't mean to yell that hard vad coming back from vancouver on the ferry last night......
[09:22] {ese} it was just a friendly gesture
[09:23] {Threei} say thank you I didn't throw grenades
[09:23] {ese} and all we yelled was hello vad........with the windows of the car down.....sheesh
[09:23] {Threei} that's my normal way to answer the geetings
[09:23] {ese} spoiled sport!
[09:23] {lasertrev} gm
[09:24] {ese} laser
[09:24] {Threei} trev :)
[09:25] {ese} what are you following vad
[09:25] {Threei} SEED
[09:25] {Threei} FITB
[09:27] {ese} still have my fitb position from friday L .05
[09:27] {Threei} nice way to start the day then
[09:28] {ese} very
[09:28] {ese} whats the story with seed
[09:28] {Threei} Origen Agritech Ltd. Received approval from authorities in China for genetically modified phytase corn
[09:29] {Threei} - Chairman: With this landmark seed approval, we are not only own the first GM corn seed product in China, but we are actively leading the new genetically modified generation of agricultural products for China, and will continue to do so for the future.
[09:30] {ese} so popcorn kernells with now be deformed.......what kind of world is this man.....can't they leave anything alone
[09:30] {bkhmd} but its lead free ese
[09:30] {Threei} disgusting spread jumps opn SEED
[09:30] {bkhmd} lol
[09:30] {Threei} kept me from calling 7 break
[09:31] {ese} ahhhhhhhh
[09:32] {Threei} what's with DRAM
[09:32] {Les} UPRO is up over a buck since I started watching. will remember this when futures are so strong in future.
[09:32] {Threei} NLST dump
[09:33] {Les} KIRK jbe?
[09:33] {Threei} lol
[09:33] {Threei} it was
[09:33] {Les} one day Ill be like mags and jump all over it. but that day is not today
[09:33] {Threei} same problem as SEED, spread is horrific
[09:34] {strider} CEPH additional downgrade
[09:35] {Threei} RIMM
[09:35] {Threei} bounce hunt is on
[09:35] {Threei} .30 break if holdnng above .20
[09:36] {Threei} invalidated
[09:36] {ese} deck and fslr....minimum spread .25\
[09:36] {Threei} .10 break
[09:36] {Threei} if holding above 60
[09:36] {Threei} half lot
[09:37] {Les} in
[09:38] {fernp} ty
[09:38] {Threei} over 1:1 easy
[09:38] {Threei} what was the deal with stubborn seller at .14
[09:38] {Threei} served as cork in the champaign bottle
[09:39] {BillyD} out ty
[09:39] {Threei} over 1:2
[09:39] {Threei} out in full in you partialled
[09:40] {Threei} where is magoo... once in a blue moon RIMM behaves
[09:40] {strider} thx vad
[09:40] {Threei} sure thing
[09:40] {strider} avg. +.25
[09:40] {Les} done ty
[09:40] {Threei} let's see if there is double bottom in it
[09:40] {Threei} no, lower low
[09:42] {Les} kirk
[09:42] {Threei} Preview: Oct Existing Home Sales due out at 10amET
[09:42] {Threei} **consensus expectation: 5.70Me (+2.3% m/m) v 5.57M prior.
[09:42] {Threei} - range of expectations is between 5.2M to 6.0M.
[09:42] {Les} sorry still bad spread
[09:45] {Threei} watching WFC
[09:45] {Threei} short idea
[09:45] {Threei} Short Setup: WFC 28 break if holding below .10 for scalpers, .15 for day traders
[09:49] {bkhmd} in
[09:51] {strider} Vad, read on CEPH?
[09:51] {Threei} 55 break worth a try
[09:52] {strider} thx
[09:53] {Threei} die already WFC
[09:54] {Les} water torture to begin the week...
[09:55] {nemo} les...remember how mags and I bitched about rimm on friday...dumb bastards us
[09:55] {Threei} Analysts at Goldman Sachs look at seasonality effects into Dec/Jan; Continue to see Dec as one of the best historical months for equities
[09:55] {Threei} - State that monthly data back to 1974 shows trend of Dec outperformance, the stronger the year, the stronger the Dec
[09:55] {Threei} - Underperforming sectors in Dec tend to be oil/gas, retail, and miners
[09:55] {Threei} - Outperforming sectors in Dec tend to be travel, chemicals, banks and telcom
[09:56] {fernp} numbers in 4min
[09:57] {Threei} WFC doesn't feel like water torture - rather like a stock with high tension, when it resolves - it resolves very fast
[09:57] {Threei} whiever way it choses'
[09:57] {Les} so WFC testing 28 but failing. does this imply that easiest way is still down?
[09:57] {Threei} when it happens during upward market thrust, yes
[09:58] {Threei} inverted salmon behavior
[10:00] {Threei} *OCT EXISTING HOME SALES: 6.1M V 5.7ME
[10:00] {bkhmd} oooops
[10:00] {Threei} (+10.1% m/m)
[10:01] {bkhmd} grabbed my stop and fell back down WFC stinks
[10:01] {Threei} Total Months Supply: 7.0 months(lowest since Jan 2007
[10:01] {Threei} stop? offer never went above .10
[10:02] {bkhmd} i had my stop at .10
[10:02] {bkhmd} should have been .11?
[10:03] {Threei} first, yes.... and second... was it automatic one??
[10:03] {strider} printed at .17
[10:03] {Threei} those were out of bound prints
[10:03] {Threei} sutomatic stops will be tricked by them
[10:03] {Threei} one of reasons I hate hardwired stops
[10:03] {bkhmd} yes it was auto at .10 and filled at .07
[10:04] {Threei} why do you need them?
[10:04] {Threei} you are right here
[10:05] {fernp} now yes. stopped
[10:05] {Threei} yep
[10:05] {bkhmd} u r correct I will try without just scared of fast mover and not getting out in time WFC is not fast move shouldnt have used auto
[10:06] {Threei} sloqwish broker is much bigger problem for this than the choice between auto/manual
[10:08] {strider} como se dice en ingles, "sloqwish".
[10:08] {fernp} lol
[10:08] {bkhmd} shorthand for TradeStation
[10:09] {strider} yo entiendo. gracias. :)
[10:10] {strider} USG takeover chatter
[10:10] {Les} AIG at bottom of cup vad?
[10:11] {Threei} .40 break is a valid setup but it's not C&H
[10:12] {Threei} salreo, admin asked to ask you to check your e-mail please
[10:14] {Threei} SEC Enforcement head: Aiming to focus on derivatives with regards to cracking down on insider trading; focus on trading across all markets (related XLF )
[10:14] {BillyD} is AIG a call Vad,
[10:14] {Threei} no
[10:14] {BillyD} ty
[10:17] {Threei} Long Setup: SYMC .10 break
[10:17] {Threei} if holding above 18
[10:18] {Threei} .05 for extreme scalpers
[10:19] {Threei} slow one
[10:19] {Threei} don't go for it if you want fast resolution
[10:19] {nemo} no wham bam thank you mam stock?
[10:19] {Threei} not likely
[10:20] {nemo} don't do it les
[10:20] {Les} what, do the trade or complement your last comment?
[10:21] {nemo} if you don't like water torture stock
[10:21] {Les} ah. Im in
[10:21] {nemo} hasn't triggered yet dude
[10:22] {Les} yes it has... now
[10:22] {nemo} yep
[10:22] {Les} finding myself always too late. given probability that this continues to go up. I bought .10
[10:26] {ese} out 1/2 fitb .13 +.08 22.5
[10:26] {Les} see BAC trying to make new high. but banks in no hurry to go up today
[10:26] {ese} 22.5k
[10:26] {ese} houses money......lets see what happens
[10:26] {Threei} wtg
[10:27] {Threei} nothing is in particular hurry so far
[10:27] {ese} tks.....it feels predicable to me again....for now anyway
[10:28] {strider} CEPH consolidating again at 54.5.
[10:28] {Threei} leave it alone strider
[10:28] {Threei} CEPH is a widowmaker today
[10:29] {strider} I'm looking at a retest of major support at 53.50-54
[10:29] {Threei} this battlefield will be strewn with corpese of bottom-fishers today
[10:29] {Threei} corpses
[10:30] {ese} thats a russian term for navy guys who pulled submarine duty isn't it?
[10:30] {ese} widow maker
[10:30] {Les} bac
[10:30] {nemo} goes for a lot of things ese
[10:30] {strider} SEED upgrade
[10:30] {ese} true
[10:30] {nemo} loggers it's deadfall trees leaning against other trees
[10:31] {ese} never heard that for loggers
[10:32] {nemo} yeah, branch breaks, deadfall comes down
[10:33] {ese} would make sense.......heard more about injuries from choke wires when they snap.
[10:33] {BillyD} Q's in 6pt range for last 30 min
[10:34] {Threei} Market Internals update at 10:30amET
[10:34] {Threei} - NYSE volume 220M shares, about 21% below its three-month average; advancers lead decliners by 22.6:1.
[10:34] {Threei} - NASDAQ volume 455M shares, about 17% below its three-month average; advancers lead decliners by 5.1:1.
[10:34] {Threei} - VIX index -3.9% to just under 21.50
[10:34] {Threei} where is magoo... SEED is today's momo
[10:35] {Threei} dino is not here either... internet troubles, or they have their first snow
[10:36] {strider} they don't trade when it snows?
[10:36] {Threei} not if they can't get in the office
[10:36] {Threei} SYMC, don'r run that fast, you may burn your skin and get blisters
[10:38] {BillyD} just looked at SYMC, it blew a tire hitting .14
[10:39] {BillyD} may work though
[10:39] {nemo} looks like indices ight be getting ready to break their ranges
[10:40] {larisa} to upside?
[10:40] {nemo} yeah
[10:41] {Threei} SYMC new high, whole cent higher than old high
[10:41] {Threei} SEED clawing its way toward 9
[10:46] {fernp} AIG extremely slow today
[10:46] {Threei} SYMC, merely 2 cents left to 1:1
[10:46] {Threei} meaning it should happen this century
[10:46] {strider} Vd...always the optimist.
[10:46] {nemo} heavy breather
[10:47] {strider} Vad
[10:47] {Threei} I want to believe
[10:47] {Threei} make your decision guys
[10:47] {Threei} it makes new 52 week highs,
[10:47] {Threei} climbs slowly and confidently
[10:47] {Threei} which bodes well for continuation
[10:48] {Threei} on another hand, this is scalpers market
[10:48] {Threei} so... kind of personal choice
[10:48] {Threei} take scalp or partial and try to milk it
[10:49] {Threei} for hardcore scalpers playing 50K shares (Threei squints at ese), this one is above 1:1 already
[10:49] {Threei} NYMX
[10:49] {Threei} Nymox Pharmaceutical Corporation Releases Positive New Clinical Trial Data on Durability of Benefits for Early Responders to Company''s BPH Drug
[10:49] {Threei} - Results were statistically significant (p less than .001) and the data was obtained from all available and eligible patients assessed at up to 19 months post treatment.
[10:50] {Threei} NYMX is a funny stock
[10:50] {Threei} sometimes runs hard
[10:50] {Threei} saometimes fizzles out quickly
[10:51] {Threei} never holds its gains for real
[10:51] {ilana} i missed SYMC .10 entry, where would u suggest to get in?
[10:51] {Threei} don't chase it
[10:51] {Threei} this train's gone
[10:51] {strider} amzn read?
[10:52] {ilana} ok
[10:52] {Threei} if anyone wants to buy Ukraine, now's time:
[10:52] {Threei} (UA) Ukraine Oct Current Account at $87M; Current Account YTD -$1.0B (related USD/UAH )
[10:52] {Threei} SEED UPDATE: Rodman & Renshaw, Inc. Raised SEED to Mkt Outperform from Mkt Perform, price target: $15
[10:52] {Threei} none strider
[10:52] {Threei} 9 is on the nose, SEED
[10:54] {Les} coulda, woulda, wished I. you gonna invite mags to bahamas to give run down on momo?
[10:54] {Threei} there is no rundown to be given
[10:55] {Threei} you need to get enough experience with them to develop a feel for them
[10:55] {Threei} this is not a kind of things that can be put in a set of rules
[10:57] {fernp} ilana, SYMC at .12 now
[10:57] {strider} that was my entry.
[10:57] {Les} PWR going to hell in handbasket
[10:58] {ilana} ok, will keep an eye on it, thx
[11:03] {Threei} you watching SEED les?
[11:05] {Les} yep. most interesting game in town
[11:05] {Threei} make sure you have all three windows up
[11:05] {Threei} chart, level 2, T&S
[11:06] {Les} spread has tightened up
[11:08] {Les} pwr going to make new lows?
[11:08] {Threei} SYMC lost will to live
[11:09] {Threei} most likely, PWR
[11:09] {fernp} SYMC stop is still below 18. isn't it?
[11:09] {Threei} very hard to tell
[11:10] {Threei} it was so close to 1:1 that maybe trailing to under .05 makes sense
[11:11] {fernp} ok
[11:12] {Threei} Short Setup: RMBS 17 break
[11:13] {BillyD} .15 stop and preferably .10 if holds right?
[11:13] {Threei} eqzaktly
[11:16] {fernp} out SYMC
[11:17] {Threei} died quiet peaceful death
[11:18] {Les} seed consolidating?
[11:18] {Threei} why didn't we take RMBS aggressively
[11:18] {Threei} would be covering half here
[11:18] {Threei} consolidating?
[11:18] {Les} b/o
[11:18] {fernp} RMBS stop is .15 or .10?
[11:19] {nemo} you have that huge order at .00
[11:19] {Threei} 30 cents spike in two bars is a spike, not consaolidation
[11:19] {Threei} matter of taste fern
[11:19] {Threei} both are valid
[11:19] {Threei} but if triggers from here not going over .10, it becomes a more solid one
[11:19] {fernp} is RMBS too volatile?
[11:20] {Threei} sometimes... it changes
[11:26] {Threei} 1:1, mind you
[11:26] {strider} missed the crap out of that one.
[11:27] {Threei} the only way to get it was to hit 17 bid as it melted down
[11:27] {fernp} was imposiible
[11:27] {BillyD} out ty Vad
[11:27] {ese} signing off until a bit later...cya
[11:27] {Threei} welcome
[11:27] {Threei} that's what you did Billy?
[11:27] {BillyD} yes Vad, meltdown
[11:27] {Threei} yep, same here
[11:27] {Threei} got probably last shares at 17, lol
[11:28] {BillyD} had order for .98 just in case
[11:28] {Threei} OK, you need to stop this
[11:28] {Threei} reading my mind
[11:28] {Threei} 1:2
[11:29] {BillyD} it hit .90 so fast. I ended up sellin most when I originally thought to partial
[11:29] {BillyD} fast money spikes causes me to take it too quick sometimes
[11:30] {Threei} yes
[11:36] {BillyD} RIMM may be setting up for BDN
[11:38] {Threei} looks like mirroring the market almost exactly
[11:38] {BillyD} it does
[11:40] {bkhmd} did anyone fill @18.11 on symc?
[11:41] {bkhmd} earlier?
[11:43] {fernp} .12 here
[11:43] {ilana} the same here
[11:43] {ilana} sold @ .06
[11:44] {bkhmd} were they limit orders or market orders?
[11:46] {fernp} limit
[11:46] {Threei} guess who is on TV
[11:47] {fernp} norton
[11:47] {nemo} Scarlett Johannson
[11:47] {bkhmd} melissa lee
[11:47] {bkhmd} ?
[11:47] {strider} Donna the Buffalo
[11:47] {nemo} fern?
[11:47] {nemo} Captain Kangaroo
[11:49] {fernp} SYMC is the company who makes norton antivirus
[11:49] {strider} CIEN
[11:51] {bkhmd} SOS
[11:51] {bkhmd} I missed two winning orders
[11:52] {bkhmd} The call for SYMC was break of .10 I put the limit order in for 1000 shares at .11
[11:53] {bkhmd} didnt fill
[11:53] {bkhmd} broker says there were only 2 trades of 100 shares at that price
[11:54] {bkhmd} then again short RMBS break of 17 my order goes in at .98 sits and does not get filled broker again says only two prints at that price
[11:54] {BillyD} BK... .98 may be true
[11:55] {BillyD} only a couple buyers at that level
[11:55] {BillyD} on L2
[11:55] {bkhmd} Billy did u take the trade?
[11:55] {Threei} yeah, on RMBS I think they are right, bids got pulled very quickly
[11:55] {bkhmd} if so where did u fill?
[11:55] {BillyD} yes. 17 fill as it was melting down about halfway
[11:55] {bkhmd} k
[11:55] {bkhmd} plenty of shares at 17
[11:56] {Threei} at 17 was scrolling and breakdown became obvious, bidders just ran away
[11:56] {Threei} at = as
[11:56] {BillyD} yeah Vad, all 3 of them lol
[11:57] {Threei} hehe
[11:57] {Threei} actually more,
[11:57] {bkhmd} but if folks in the room filled at .99 or .98 then i should have filled?
[11:57] {BillyD} reason I like shorts like that
[11:57] {Threei} they pulled everything down to 16.90
[11:58] {BillyD} I doubt may AT ALL got filled at .98-.99 BK
[11:58] {BillyD} many
[11:58] {bkhmd} I understand ur concern with Trade Station.. however if people in the room filled at .99 or .98 I am yelling at my broker on phone why wouldnt have i filled
[11:58] {Threei} probably not on this one
[11:58] {BillyD} right
[11:58] {bkhmd} ok
[11:58] {Threei} but you are wasting your breath yelling at them
[11:59] {fernp} Billy, I think room missed RMBS except Vad and Billiy
[11:59] {fernp} bk
[11:59] {Threei} front end people can't make the system work faster
[11:59] {bkhmd} thanks fern
[11:59] {BillyD} BK, some you will miss and there is nothing you can do buyt just accept it and move on to the next trade
[11:59] {bkhmd} yes I am aware of missing
[11:59] {BillyD} agree Fern
[11:59] {bkhmd} but its too frequent
[11:59] {Threei} it's simply a slower brokerage
[12:00] {Threei} yell all you want, it won't get any faster
[12:00] {bkhmd} ok one more hiccup and im out
[12:00] {ilana} i filled RMBC at 17.01
[12:00] {Threei} then you hit it before actual breakdown
[12:00] {BillyD} wow
[12:00] {ilana} there were plenty
[12:00] {ilana} yup aware
[12:00] {nemo} rimm at r1 after breakdown, could be another bd from .55
[12:01] {bkhmd} ilana was that a market order?
[12:01] {ilana} no limi
[12:01] {BillyD} sheesh, missed RIMM
[12:01] {bkhmd} thanks all
[12:02] {BillyD} cya BK
[12:03] {Threei} while it's quiet., have a look at the latest photos guys
[12:03] {Threei} fall colors come to an end, this is probably last of the series
[12:03] {bkhmd} need that post link it will get my blood pressure down after tradestation call
[12:04] {Threei} http://www.realitytrader.com/photography/
[12:04] {larisa} nice photos
[12:04] {Threei} scroll down more Larisa, you missed a few while on vacation
[12:05] {larisa} I did
[12:05] {bkhmd} awsome Vad Im suprised the colors last that long up there Im near baltimore no leaves on trees for 3 weeks
[12:05] {Threei} well, west coast is more generous weather wise as a rule
[12:06] {fernp} as always, very nice photos Vad
[12:06] {Threei} ty
[12:06] {nemo} they have warmer maritime climate
[12:06] {nemo} Hey BK, driving through Baltimore tomorrow night
[12:07] {bkhmd} have time for a beer?
[12:07] {Threei} so considering the way nemo drives, don't venrture out
[12:07] {bkhmd} lol
[12:07] {nemo} you'll be in bed when I'm coming through
[12:07] {bkhmd} ahhh I up at 3:00 every day
[12:07] {strider} amzn spike
[12:07] {bkhmd} 4:30 on weekends
[12:07] {bkhmd} lol
[12:07] {bkhmd} but beer for breakfast not good
[12:07] {Threei} no??
[12:07] {Threei} oops...
[12:08] {nemo} I'm leaving Mass about 7 or 8 pm...
[12:08] {bkhmd} final destination?
[12:08] {nemo} When I lived in Germany, used to have beer w/breakfast
[12:08] {nemo} Bowie, MD
[12:08] {bkhmd} ahh college?
[12:08] {nemo} no, relatives
[12:08] {bkhmd} cool
[12:08] {nemo} you talking Bowie State..oy
[12:08] {bkhmd} yea
[12:09] {nemo} yeah, on 197
[12:09] {bkhmd} its a train stop om my way to office in DC
[12:10] {bkhmd} i look forward to that stop as it means the 2 hour train ride is almost over
[12:10] {nemo} strider, amzn bounced off R2
[12:10] {nemo} 2 hrs...oy
[12:11] {bkhmd} only do it two days a week 3 days home trading I mean working from home
[12:15] {Les} AWIAV?
[12:16] {nemo} c
[12:16] {Les} all is good then
[12:16] {Threei} magoo will be angry about copyright
[12:16] {nemo} w/mags it's a copyleft
[12:16] {Threei} lol
[12:17] {Les} hgsi dead cat bounce?
[12:18] {Les} is that the right term for this pattern?
[12:18] {Threei} it's not the name of a pattern
[12:18] {nemo} nuva vad
[12:19] {strider} at weekly support..nuva
[12:19] {bkhmd} anyone here have expierience with MB Trading?
[12:20] {Threei} tough read
[12:20] {nemo} lunchtime though
[12:20] {BillyD} Vad, WFC approaching low end of range...any feel on it if sets up?
[12:20] {Threei} can be very volatile too
[12:20] {nemo} yeah, could be a vaseline moment
[12:20] {strider} bwahahahaha
[12:20] {Threei} 50/50 WFC, Billy
[12:21] {BillyD} ty
[12:21] {strider} tell us more about those vaseline movements, nemo
[12:21] {Threei} .05 long, 28 short, both are valid, both have 50/50 chance tow rok
[12:21] {nemo} moment, not movement
[12:22] {Threei} tow rok?
[12:22] {Threei} sigh
[12:23] {Threei} to work
[12:25] {nemo} yeah, nuva broke
[12:26] {BillyD} ABIO bio runner
[12:27] {Threei} I don't have ay news for it
[12:28] {strider} ARCA biopharma receives FDA
[12:28] {BillyD} UPDATE 1-ARCA gets fast-track status for heart drug, shares rise
[12:28] {strider} fastrack for .....yeah, what billy said.
[12:28] {BillyD} from Yahoo,
[12:29] {BillyD} Reuters feed
[12:29] {Les} HIG vad
[12:29] {strider} impossible spread
[12:30] {strider} abio
[12:30] {BillyD} yeah, not fond of its personality
[12:43] {strider} Vad, you see any trades coming in the next 5 minutes? I need to switch computers.
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {Threei} I'll wait for you
[12:43] {Threei} I promise
[12:43] {strider} thank yo kind sir
[12:43] {Threei} everyine get ready
[12:43] {strider} get ready to wait?
[12:43] {nemo} rimm formed a nice range
[12:43] {Threei} as soon as strider disconnects the room, we grab a huge winning play
[12:43] {nemo} hurry up and wait
[12:44] {strider} ok...ok
[12:44] {Threei} and we need to finish it in 5 minutes
[12:44] {strider} how's that for speed.
[12:44] {Threei} impressive
[12:45] {strider} I
[12:45] {strider} I'm fast....but not loose..........anymore.
[12:45] {nemo} rimm break?
[12:46] {Threei} which way?
[12:46] {ilana} lol
[12:47] {nemo} oh, sorry, north
[12:50] {nemo} garden variety, pre thanksgiving lunchtime scalp
[12:51] {Les} hig short? .40 break .50 stop?
[12:51] {Threei} nah... just random oscillation
[12:51] {Threei} HIG, no
[12:51] {Les} k
[12:51] {Threei} look how it moves between those two limits
[12:52] {Threei} no smooth slide
[12:52] {Threei} jerky jumps up and down
[12:52] {Threei} make it pretty much a guesswork
[12:53] {BillyD} these momos aren't giving us clear entries :(
[12:56] {strider} SEED pushing for hod again
[12:56] {fernp} KEY seems to be strong
[12:57] {fernp} and 6 break could be interesting
[13:01] {Threei} push for 10 is coming SEED
[13:02] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 0.802%; BID-TO-COVER RATIO 3.16 V 3.63 PRIOR AND 2.92 AVE OVER LAST 10 AUCTIONS
[13:02] {Threei} - indirect bidders take 44.5% of competitive bids with 95.8% alotted at the high
[13:02] {nemo} omg...what a setup at 9.10
[13:04] {Threei} magoo, where are you
[13:05] {nemo} combo momo technical..can't ask for more
[13:05] {Threei} 10
[13:07] {nemo} wathing for bear flag break on rimm
[13:08] {Threei} .14 short?
[13:08] {nemo} yeah or aggressive here
[13:08] {nemo} although lunch and aggressive....eh?
[13:09] {Threei} well, it could be better idea than regular entry counting on follow through
[13:10] {larisa} well, i am regular :) I see it as long from here, scalp only though
[13:10] {nemo} break of .30 would be long
[13:10] {nemo} no?
[13:10] {BillyD} well, I don't know
[13:10] {nemo} neither do we
[13:10] {larisa} lol
[13:10] {Threei} .30... nah
[13:11] {Threei} I'd rather went for somwething here, long or short,
[13:11] {ilana} NUVA b/d?
[13:11] {Threei} and aimed to get out into spike to .30 or drop to .10, lol
[13:11] {larisa} right :)
[13:11] {nemo} definite maybe
[13:11] {Threei} NUVA, no, not here
[13:11] {Threei} this thing can be very volatile
[13:12] {Threei} and it's pretty much random right now
[13:12] {Threei} just not worth the risk
[13:12] {nemo} rmbs froming long break chart
[13:12] {fernp} ACI 22 breakdown, Vad?
[13:13] {Threei} dropped too sharply into it from .10 break
[13:13] {Threei} .10 was much better entry
[13:13] {Threei} see if it consolidates again
[13:13] {fernp} ok. ty
[13:14] {Threei} if it breaks on the go, just skip it
[13:14] {Threei} can turn into trap easily
[13:15] {Threei} but if makes a moves up and down not going over .10 and better yet .05, then 22 break will be a nice setup
[13:15] {Threei} makes a few moves
[13:16] {Threei} looks much better now
[13:17] {fernp} yeah
[13:17] {Threei} couple min of tight consolidation
[13:19] {larisa} this is boring, can i go back to the beach?
[13:19] {Threei} no
[13:19] {Threei} stay and suffer
[13:19] {Les} beaches in canada?
[13:20] {larisa} end of November, Canada? No :)
[13:20] {Threei} shapes up finally
[13:20] {Les} what temperatures in summer where you live vad?
[13:20] {Threei} if not going over .05 now, will be a good short setup
[13:21] {Les} 22 break?
[13:21] {Threei} about 25C
[13:21] {Threei} yes
[13:25] {Les} big buying at 22.
[13:27] {BillyD} Vad, looking for .25 on ACI short?
[13:28] {BillyD} fprget it
[13:28] {BillyD} forget
[13:28] {fernp} stop above 22.10 or 22.06?
[13:28] {Threei} .06
[13:31] {strider} y;all got any charts..nothing here
[13:32] {Threei} hmm?
[13:32] {strider} crap...I lost everything for about 2 min.
[13:32] {fernp} whats happen?
[13:32] {strider} back now.
[13:32] {strider} had two open.
[13:34] {strider} anyone in ACI?
[13:34] {fernp} me
[13:34] {BillyD} yes
[13:34] {Les} y
[13:34] {strider} now I feel better. :)
[13:35] {ilana} yes
[13:37] {Threei} Short Setup: HIG .40 break
[13:37] {ilana} what this volume spike means on ACI?
[13:38] {ilana} now i know...
[13:38] {Threei} nothing really
[13:38] {Threei} it moves with market at this point
[13:38] {ilana} buying came
[13:38] {Threei} see lille market spike?
[13:39] {Threei} Support for Health Care Plan Falls to New Low
[13:39] {strider} Something rather unnerving.......Got disconnected from Laser....finally quotes & charts came back......then tried to exit a position, and nothing.
[13:39] {strider} I had to reconnect, even though I was getting quotes.
[13:39] {BillyD} that happens sometimes strider
[13:39] {Threei} it means you lost interenet connection,
[13:39] {nemo} yep...happened to me before
[13:40] {Threei} when it happens and quotes get resxtored - executor does not
06[13:40] * nemo slaps lasertrev around a bit with a large stable platform
[13:40] {strider} duh
[13:40] {strider} hah, nemo
[13:40] {Threei} quotes will get restored by themselves but for executor to get reconnected you need to do it manually
[13:40] {lasertrev} whats up?
[13:40] {strider} t'anks...
[13:41] {strider} Just lost connections a bit ago...
[13:41] {nemo} nothing, just routine abuse
[13:41] {fernp} lol
[13:41] {Threei} just wanted to say...
[13:41] {strider} when quotes came back, I thought all was well.
[13:41] {Threei} simply slap him back trev, it's nemo... he is not doing it for any other reason than he just loves slapping people
[13:41] {strider} Was still unconnected , as far as placing/exiting trades.
[13:42] {nemo} for some reason the "they didn't expect, the Spanish inquisition" line goes through my head
[13:42] {lasertrev} anything "executor" means a loss of connection between you and server
[13:43] {strider} I never saw executor screen until I manually reconnected.
[13:43] {lasertrev} trev slaps nemo silly with a frozen salmon
[13:43] {strider} Anyway, I'm holding you responsible...)
[13:43] {strider} :)
[13:43] {strider} It caused me to make an extra .05.
[13:43] {Threei} why wouldn't you
[13:44] {Threei} I for one am holding trev responsible for the amazin tainforest problems
[13:44] {Threei} amazon
[13:44] {Threei} rainforest
[13:44] {Threei} sheesh
[13:44] {strider} Actually, it was Amazon I was in.
[13:44] {Threei} lol
[13:44] {nemo} and global warming....ah...er....climate change
[13:44] {Threei} no, for that I blame Al Gore
[13:44] {lasertrev} lol, as long as your not turning of quote servers again
[13:44] {Threei} but the rest is Trev's fault
[13:45] {strider} ACI moves
[13:45] {nemo} poor trev, didn't know what he was getting into with Dave
[13:45] {lasertrev} :s
[13:45] {Threei} yeah Trev... did good ol' davie actually warn you this is an asylum?
[13:45] {Threei} ACI 1:1
[13:46] {Les} out ty
[13:46] {strider} HIG looking like reversal
[13:46] {fernp} ty
[13:46] {strider} whatcha think vad?
[13:46] {Threei} don't want to go long on it
[13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:47] {Threei} is = if
[13:48] {strider} out 1/2 ACI
[13:48] {fernp} gj
[13:48] {BillyD} thx ACI fern/Vad
[13:48] {Threei} 1:2
[13:52] {nemo} everything is trading by appointment
[13:52] {Threei} 1:3
[13:52] {Threei} what a nice little cutie
[13:52] {nemo} damn bad order execution on pru short
[13:52] {strider} out
[13:53] {fernp} are you still in, Vad?
[13:53] {Threei} no
[13:56] {BillyD} HIG invalidated right
[13:56] {Threei} yes
[13:56] {Threei} watchig for new consoliodation
[13:56] {Threei} although it seems it's the best play between limits
[13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[13:58] {strider} HIG would be a short?
[13:58] {Threei} ummm
[13:59] {Threei} you blacked olut strider? :)
[13:59] {strider} lost my discussion data when I rebooted. Looks long to me.
[13:59] {Threei} [13:46] {strider} whatcha think vad?
[13:59] {Threei} [13:46] {Threei} don't want to go long on it
[13:59] {Threei} [13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:59] {Threei} [13:47] {Threei} is = if
[14:00] {Threei} [13:56] {BillyD} HIG invalidated right
[14:00] {Threei} [13:56] {Threei} yes
[14:00] {Threei} [13:56] {Threei} watchig for new consoliodation
[14:00] {Threei} [13:56] {Threei} although it seems it's the best play between limits
[14:00] {Threei} [13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[14:00] {Threei} dino!
[14:00] {Threei} you OK?
[14:00] {strider} It's Trev's fault.
[14:00] {Threei} everything is
[14:00] {Threei} aside of global warming which is Al Gore's
[14:01] {Threei} ACI 1:4... sheesh
[14:01] {dino} yes, real estate this a.m.
[14:01] {BillyD} yeah, that break of .97 was an indicator but I didn't follow my plan to hold for more....next time
[14:01] {Threei} okay... there was a play about which magoo will howl like coyote when he sees it
[14:02] {strider} Vad, now you know why I have to be a scalper.....that's as long as I can remember.
[14:02] {dino} he's bear hunting
[14:02] {Threei} that's actually a bit too long for me strider
[14:02] {Threei} here are two criteria:
[14:02] {Threei} 1. fish, memory span is 21 seconds
[14:02] {nemo} alright...nobody asked me
[14:03] {nemo} 1/2 out pru short .91
[14:03] {Threei} can grab the same hook with the same worm on it 3 times a minytre, not remembering anything about last time
[14:03] {Threei} 2. moth, memory span is 6 seconds
[14:03] {nemo} tell the moth joke again Dino
[14:03] {Threei} gets burned by lamp, flies away, gets back 10 times a minute
[14:04] {nemo} yeah, and some of us get into relationships repeatedly
[14:04] {dino} what do you have if you have one moth ball here.................................and one moth ball here?
[14:04] {nemo} What Dino?
[14:04] {Threei} larisa... nothing changes eh?
[14:04] {dino} pretty big moth
[14:04] {strider} nemo, that's not memory problems...
[14:04] {Threei} you heard this joke before vacation
[14:04] {nemo} Bwahahahahahahaha
[14:04] {BillyD} is HIG still on now?
[14:04] {Threei} you hear it after
[14:05] {strider} hah
[14:05] {strider} are we gonna take this hig short.?
[14:05] {fernp} are we going to short HIG if breaks .40?
[14:05] {strider} fern:)
[14:05] {Threei} looks valid to me
[14:06] {strider} big stop?
[14:06] {Threei} keep and eye on FAS
[14:06] {fernp} .50 stop?
[14:06] {Threei} for hardcore scalpers .46
[14:06] {Threei} for sane traders .51
[14:07] {bkhmd} which trade HIG or Fas
[14:07] {Threei} HIG... FAS is leading indicator for it
[14:07] {nemo} look at cat just sitting for a fall
[14:11] {Les} 1st minute candle is all that stands between spy and gap fill
[14:11] {fernp} ty
[14:11] {Threei} HIG 1:1 for sane traders
[14:11] {Threei} pesky scalpers have 1:2
[14:12] {BillyD} lol
[14:13] {strider} out +.07
[14:14] {Threei} nice CAT
[14:15] {Threei} you are on the right wavelenght today nemo
[14:15] {nemo} 1/2 out .29
06[14:15] * Threei slaps nemo around a bit with a large roll of cash
[14:15] {BillyD} gj nemo
[14:15] {nemo} playing small though
[14:15] {nemo} today feels strange
[14:15] {BillyD} that's because you are starnge
[14:15] {BillyD} strange to
06[14:15] * Threei shrugs slaps nemo around a bit with a small roll of cash
[14:16] {nemo} no credit for tht Billy, kindergarten stuff
[14:16] {BillyD} lol....
[14:16] {BillyD} I will sick Vad on you nemo
[14:16] {nemo} np
[14:17] {nemo} his slams are much better than yours..ppphhhhhhht!!!!
[14:17] {Threei} you will what me on him?
[14:17] {nemo} like sending a dog to bite somebody
[14:17] {BillyD} take care of him Vad
[14:17] {dino} gj nemo
[14:18] {BillyD} he is out of line again....hard to imagine I know
[14:18] {nemo} stop to .35
[14:18] {Threei} much easier than to imagine him being in line
[14:18] {BillyD} so true
[14:18] {strider} you mean...there's a line?
[14:18] {Threei} never knew sick had that meaning
[14:19] {BillyD} never heard someone say to theor dog: sick em
[14:19] {Threei} can you guys make it easiwer for us foreigners and have just one word for each meaning and one meaning for each word?
[14:19] {BillyD} not that you are a dog or anything
[14:19] {nemo} nah, English doesn't work that way
[14:19] {strider} vad, could you possibly have just one spelling for each word?
[14:19] {dino} lol
[14:19] {nemo} nice one strider
[14:19] {Threei} fair point strider
[14:19] {BillyD} Ok Vad, how is this:
[14:19] {Les} sick - sic isn't it?
[14:20] {nemo} see BIlly, that's good stuff
[14:20] {strider} I think so, Les
[14:20] {BillyD} smack nemo upside the head
[14:20] {nemo} I don't think speaking latin to a dog is a good idea Les
[14:20] {Threei} that I understand
[14:20] {Threei} appreciate
[14:20] {Threei} and like to do
[14:20] {strider} amzn h&s.....but, I dunno.
[14:21] {nemo} stop to 32
[14:21] {nemo} .32
[14:21] {strider} .32 ACP?
[14:21] {nemo} actuallly, kinda looks long now
[14:21] {nemo} out cat
[14:22] {nemo} oops
[14:23] {nemo} too small strider, unless you're right up against him
[14:23] {strider} agree.
[14:23] {nemo} try to find that stuff right now...sheeesh
[14:24] {strider} I know... better than a few months ago, though.
[14:24] {nemo} yeah they should sell vaseline with it now
[14:24] {strider} Vad, AMZN read?
[14:25] {Threei} .80 break short
[14:25] {Threei} no long
[14:25] {Threei} ideally if never goes over .90
[14:26] {strider} would you take it?
[14:26] {nemo} looks like it could be long over .90
[14:26] {Threei} unless I black out between now and trigger
[14:26] {nemo} no volume on this price rise
[14:26] {Threei} no
[14:26] {strider} never mind.
[14:26] {Threei} not going for long on it
[14:26] {strider} how that happens to you too.
[14:26] {strider} oh
[14:26] {nemo} now volume coming in
[14:29] {Threei} Market Internals update at 2:00pmET
[14:29] {Threei} - NYSE volume 545M shares, about 22% below its three-month average; advancers lead decliners by 6.1:1.
[14:29] {Threei} - NASDAQ volume 1.21B shares, about 17% below its three-month average; advancers lead decliners by 2.7:1.
[14:29] {Threei} - VIX index -5% to just over 21.00
[14:31] {Les} WFC
[14:33] {nemo} text book pullback off bottom of fcx
[14:34] {nemo} hit swing price high at 85.12, volume dried up on pullback and then increased on price rise
[14:34] {larisa} you mean at 14:23 14:24 ?
[14:35] {nemo} yes ma'am
[14:35] {larisa} one of my fav setups
[14:35] {Threei} sheesh... I couldn't understand which side on V nemo was talking about
[14:35] {Threei} larisa, you better be careful... understanding nemo's train of thought is not a sign of a good mental health, ya know
[14:36] {nemo} being in this room isn't either
[14:36] {Threei} true
[14:36] {Threei} but then again, mental health is not a strick requirement for being profitable
[14:37] {Threei} of which we are living proof
[14:37] {nemo} also true
[14:37] {larisa} this one fits my system perfectly, but i am not looking at things nemo does, so i am safe :)
[14:38] {nemo} Not necessarily...we've never compared notes
[14:45] {Threei} speaking of that setup,
[14:46] {Threei} that's the way you hunt the bottom on hard selling ones in the most safe way
[14:46] {Threei} instead of trying to guess which leg is the last
[14:46] {Threei} and arbitrary buying every new low
[14:46] {nemo} another clue: it basically hit friday's close
[14:48] {larisa} and another clue: it started to uptrend first time since break of 87.
[14:48] {dino} nuva hl l .50
[14:48] {nemo} yeah, broke the downtrend
[14:51] {fernp} LOW if breaks 22...
[14:52] {nemo} long fern?
[14:53] {fernp} could be
[14:53] {fernp} daily looks nice
[14:54] {BillyD} RMBS hangs near low area, maybe short if breaks down
[14:54] {BillyD} slow pace on it right now
[14:56] {nemo} turtle market right now billy
[14:57] {dino} the turtle of amazing girth, upon his back he carries the earth
[14:57] {strider} : Cephalon shares defended at UBS-----I guess this means they're underwater on CEPH?
[15:01] {Threei} I guess
[15:01] {Threei} LOW high
[15:01] {fernp} if KEY breaks 6, could be a good swing trade
[15:02] {fernp} LOW also could be a good swing
[15:02] {fernp} and better intraday :-)
[15:03] {fernp} 22 break, Vad?
[15:03] {fernp} w/stop under .90?
[15:05] {strider} LOW atr: .55
[15:05] {Threei} yup
[15:06] {strider} CENT
[15:06] {strider} thin
[15:06] {nemo} dino stock
[15:09] {dino} hmm
[15:10] {strider} down grade on CENT, dino
[15:10] {dino} ty
[15:27] {Threei} SEED is not done still
[15:27] {Threei} wow
[15:28] {ilana} HIG short?
[15:28] {Threei} no clear setup here
[15:28] {Threei} oscialles bwteen .30 and .45
[15:28] {Threei} oscillates too
[15:30] {fernp} Not my day today. out LOW
[15:31] {Les} yeh, I was in LOW but the lack of volume above 22 told me it was no go. sold it as soon as it dropped.
[15:33] {Les} gonna get gap fill on spy?
[15:33] {nemo} that would be serious
[15:34] {Les} wfc is back to lows
[15:34] {Les} fas new low
[15:34] {dino} nuva stopped
[15:35] {nemo} 15:40 ppt
[15:36] {Threei} {PPT} huh?
[15:36] {nemo} Plunge Protection Team
[15:36] {Threei} sigh
[15:36] {Les} you expecting the cavalry to arrive?
[15:37] {Threei} way to get the meaning {G}
[15:37] {nemo} yeah...my paranoid delusion
[15:37] {nemo} I love the anarchy of plunges
[15:40] {strider} you shoulda been a plumber.
[15:40] {Threei} lol
[15:41] {dino} what a rinse nuva was
[15:42] {ilana} the maret was
[15:43] {strider} BRCD reporting after close
[15:44] {Threei} (US) President Obama: economy is growing again, only take first step to heal economy - post cabinet meeting reports
[15:44] {Threei} oh good
[15:45] {BillyD} maybe CAT short opp - eod though
[15:45] {Les} fas good to short?
[15:46] {Les} do you short etf's?
[15:46] {Threei} you see a valid setup on it?
[15:46] {strider} CEPH seems to have confirmed support at 54
[15:47] {Les} .75 trigger. hmmm. stop is a little too big...
[15:47] {Threei} .75?
[15:48] {Threei} how do you arrive at that as a short trigger?
[15:49] {Les} it was plunging towards 76.75, but again. no consolidation. no steady movement into trigger. jumps around like a jack rabbit. stupid idea.
[15:50] {Les} .75 would have made new low for fas
[15:50] {Threei} you hot it
[15:50] {Threei} price alone is not an indication
[15:51] {Threei} the way stock arrives at it is important
[15:51] {Threei} hot = got
[15:52] {larisa} got not hot
[15:52] {nemo} Sam I am
[15:52] {larisa} vad started it
[15:52] {Les} can't I be hot?
[15:52] {nemo} Yeah, and like lemmings, we followed
[15:52] {nemo} Les, you're giving me really bad visuals
[15:52] {bkhmd} good night all
[15:53] {Les} night bk
[15:53] {Threei} salreo, check your e-mail please
[15:53] {nemo} amzn finishing near high
[15:54] {dino} cya bk
[15:55] {Threei} take care bk
[15:56] {Threei} wow... SEED finishes near high
[15:57] {Les} is that H&S developing on SEED?
[15:57] {Threei} not really
[15:57] {Threei} and this is momentum mover
[15:58] {fernp} Good evening everybody. See u all tomorrow
[15:58] {Threei} take care fern
[15:58] {strider} nite fern.
[15:58] {nemo} could bode well for tomorrow
[15:58] {nemo} bn fern
[15:58] {Les} night fern
[15:58] {Les} how nemo? long or short?
[15:59] {nemo} long
[15:59] {Les} oh. thought too many traders crowding the same trade.
[15:59] {Les} maybe big selloff instead...
[15:59] {strider} what's wrong with CAT today?
[15:59] {nemo} finishing near high sign of strength, but anything coul happen
[16:00] {strider} filled gap from open.
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {strider} thanks, vad.
[16:00] {Les} ty vad. night all
[16:00] {nemo} hasta banana
[16:00] {larisa} bye :)
[16:05] {strider} night everybody.........see you tomorrow.
[16:05] {nemo} ooops, earning on hp ust not be good
[16:05] {Threei} HPQ Reports Q4 $1.14 v $1.13e, R$30.8B v $30.4Be
[16:05] {Threei} - Guides Q1 $1.03-1.05 v $1.04e,
[16:06] {nemo} which is not unusual, 1st quarters always are the worst