Jan 27 2010

With all the FOMC/testimonials, it was an interesting but not very readable day. First two trades of the day worked beautifully, WFC long and ALTR short, then couple smallish stops stole part of our profits, and things became increasingly random from there.

Session Time: Wed Jan 27 00:00:00 2010

[08:15] {Threei} 07:30 CAT Reports Q4 $0.41 v $0.28e(ex items), R$7.9B v $8.1Be

[08:15] {Threei} - Guides FY10 $2.50 v $2.71e, Rev +10-25% (implies range of $35.6-40.5B v $36Be

[08:43] {fernp} Good morning everybody

[08:43] {Threei} fern :)

[08:44] {strider} morning fern

[08:44] {strider} vad

[08:44] {fernp} st

[08:44] {Threei} strider :)

[08:56] {nemo} I guess my thought's about brk.b were right

[08:57] {nemo} had no idea they would be included on the S&P 500

[08:58] {Les} quiet morning

[08:58] {Les} Hello?

[09:00] {Threei} morning les

[09:01] {Les} morning

[09:01] {Les} TM moving nicely pre market

[09:02] {Les} damn. looks like its too late to pick up a Saab on the cheap

[09:03] {Threei} TM is probably hit by that suspension of sales?

[09:03] {Threei} yeah

[09:03] {Threei} Toyota Motor Corp BofA/Merrill Lynch looks at impact on earnings of temporary sales suspension on some vehicles

[09:03] {Threei} - "we assume the sales suspension will last three weeks and that all customers will turn to competitors such as Honda or Nissan, resulting in an opportunity loss of 90,000 vehicles (or 68bn). ...The eight models in question accounted for 56% of the 1.77mn vehicles recorded by Toyota in US retail sales in 2009."

[09:04] {Les} BRK.B being solidly traded pre market. would you permit a setup traded on it before opening?

[09:05] {Les} not permit, but counsel against a setup prior to opening

[09:06] {Threei} with smaller shares. maybe

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:06] {Les} hi dino

[09:10] {Les} Vad, been meaning to ask you about your backup

[09:10] {Les} for your pc, which saved you recently with that drive crash of yours

[09:10] {Threei} yes

[09:10] {Les} what's your setup?

[09:10] {Threei} Acronis is my backup program

[09:11] {Les} saving to?

[09:11] {Threei} two spots,

[09:11] {Threei} one is second internal harddrive,

[09:11] {Threei} another is external one

[09:11] {Les} acronis does that automatically?

[09:11] {Threei} no

[09:12] {Threei} you launch it and tell it what you want to do

[09:12] {Threei} it can do full backup,

[09:12] {Threei} which is not just data

[09:12] {Threei} but also all programs aND THEIR CONFIGURATIONS

[09:12] {Les} following your breakdown you retain full confidence in acronis?

[09:12] {Threei} so when you reinstall everything

[09:13] {Threei} you don't lose configurations, logins etc

[09:13] {ese} GM

[09:13] {Threei} very much so

[09:13] {Threei} ese :)

[09:13] {Les} ok. thanks

[09:13] {Les} hi ese

[09:13] {Threei} 20 minutes, and everythin g is back

[09:13] {ese} hey les

[09:13] {Threei} just make sure to run it regularly

[09:13] {Threei} evertyhing missed between last backup and crash is lost

[09:14] {Threei} (CA) Canada Fin Min Flaherty: G7 meeting will discuss banking regulations; Canada has no plans to restrict executive pay

[09:14] {Threei} I think we are going to steal your banks and bankers

[09:14] {Threei} not sure it's a good thing for us though {G}

[09:15] {strider} I use acronis also, vad. I periodically do a clone of my hard drives.

[09:16] {larisa} gm all :)

[09:18] {Les} hi larisa

[09:19] {larisa} les :)

[09:20] {Threei} larisa :)

[09:20] {ese} mornin dino

[09:21] {ese} and laris

[09:21] {ese} vad you following anything in particular

[09:21] {larisa} ese, vad :)

[09:21] {Threei} don't see anything clear for the opening

[09:22] {dino} i think the theft of our bankers does not happen. i think obama is toast. he can say what he wants but the senate is no longer a one pony show

[09:23] {strider} rah-rah

[09:24] {dino} dks raises guidance substantially

[09:24] {Les} got any news on MBA mortgage applications vad? whatever that is

[09:24] {nemo} I work for them part-time...the way they screw there employees...they should do quite well...it's pretty funny

[09:24] {nemo} their

[09:25] {Threei} *(US) MBA MORTGAGE APPLICATIONS W/E JAN 22ND: -10.9% V 9.1% PRIOR

[09:25] {Threei} - Refi's: +15.1v 10.7% prior

[09:25] {Threei} - Avg Rate on 30y mortgage: 5.02% v 5.00% prior

[09:25] {nemo} wow BA

[09:27] {Threei} CAAS Enters into JV with Beijing Auto (17.17, 0.00, 0.00%)

[09:28] {lasertrev} morning

[09:28] {nemo} lt :)

[09:28] {Threei} trev :)

[09:28] {nemo} might be weird day with all the news coming out

[09:28] {Threei} APWR A-Power Selected by China Machine-Building International Corporation in Vietnam Project (11.91, 0.00, 0.00%)

[09:30] {Threei} contract valued at $40M

[09:30] {Threei} shrug

[09:30] {Threei} TGAL Receives Silicon DRIE Tool Order From Precision Timing Device Manufacturer (1.24, +0.06, 5.08%)

[09:31] {Les} brkb starts ugly

[09:31] {nemo} not if you're short

[09:32] {Les} always the bright side to everything with you isn't there

[09:32] {Threei} CAAS, thin, but pulled back nicely

[09:32] {nemo} no

[09:32] {billyc} gm all Happy Wednesday

[09:33] {Threei} billyc :)

[09:33] {fernp} MCD 64 break could be interesting

06[09:33] * nemo slaps billyc around a bit with a large calendar

[09:33] {Les} billy

[09:36] {Threei} watching WFC for pullback and long entry

[09:36] {dino} dks sm l .50

[09:36] {Threei} under .20 most likley

[09:38] {ese} daaaa missed altr at .40 was hlping for a pullback\

[09:38] {ese} hoping

[09:38] {Threei} and watching ALTR to form a short setup

[09:40] {nemo} huge offer cat .55 will either pop or be the wall that sends it down

[09:40] {nemo} yeah...as if I know

06[09:40] * nemo slaps nemo around a bit with a large dose of humility

[09:41] {strider} it won't take.

[09:41] {nemo} yeah

[09:41] {nemo} nice strider

[09:41] {Threei} Short Setup: ALTR .65 is stays under .75

[09:41] {Threei} WFC getting there

[09:42] {nemo} in altr

[09:43] {strider} long WFC ,10

[09:43] {strider} short .altr .64

[09:43] {Threei} 1:1 ALTR

[09:43] {fernp} ty

[09:43] {Les} ty out

[09:43] {Threei} Long Setup: WFC .10 break

[09:46] {Threei} ALTR 1:2

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

[09:46] {Les} ty out

[09:46] {fernp} ty

[09:47] {strider} out WFC +.10

[09:47] {Threei} (US) Preview: Dec New Home Sales due out at 10:00ET

[09:47] {Threei} **consensus expectation: 366Ke (+3.0%e m/m) v 355K prior

[09:49] {strider} cover ALTR +.10, +.18

[09:50] {Threei} we got ALTR top and WFC bottom... let's go home?

[09:51] {Les} I'll be cool if you can deliver two more like that

[09:51] {Threei} never enough, is it

[09:52] {strider} we're gonna have to put Vad on an hourly wage.....

[09:52] {fernp} or three

[09:52] {Threei} there... see?

[09:52] {Threei} lol

[09:52] {Threei} Long Setup: ALTR .65 break

[09:52] {Threei} just a scalp

[09:53] {Threei} invalidated

[09:53] {nemo} looks short actually

[09:53] {Threei} not unless market sells down badly

[09:54] {Threei} SIGA Biological and chemical defense related stocks trading higher ahead expected mention in the State of the Union tonight

[09:54] {Threei} - President Obama is expected to include a segment on beefing up US bioterror readiness in the State... (6.16, +0.06, 0.98%) more... (related PIP )

[09:54] {Threei} hmmm

[09:54] {Threei} ciuld be ICXT catalyst

[09:56] {Threei} I like ALTR for long more and more

[09:56] {Threei} not sure about exact trigger though

[09:59] {nemo} maybe bounces off .45

[09:59] {Threei} ok, let's try double bottom scenario

[09:59] {Threei} .52 long

[09:59] {nemo} scary...i'm thinking like you

[09:59] {Threei} if stays above ,45

[10:00] {Threei} *(US) DEC NEW HOME SALES: 342K V 366KE (-7.6% M/M)

[10:00] {Threei} - Prior revised from 355K to #K; prior rate revised to #% from -11.3% prior

[10:02] {Threei} no go

[10:02] {fernp} no go

[10:02] {Threei} told you let's go home after 2 wins

[10:02] {Threei} day with so many news coming

[10:05] {Threei} US) Fed's Greenlee: credit remains tight; Bank to face more losses

[10:05] {Threei} - Household access to bank credit lines remains difficult, same situation for small business

[10:06] {Threei} Congressional Budget Office: (CBO Elmendorf: US debt interest payments to exceed $700B by 2020

[10:06] {Threei} meaning, US will pay equivalent to whole stimulus package only to cover interest

[10:06] {Threei} 8Reminder: on jan 26th the CBO confirmed FY10 budget deficit at 1.3T

[10:08] {fernp} BAC .95 break, Vad?

[10:09] {Threei} not my favorite play at the moment

[10:09] {fernp} ok

[10:09] {Threei} narrow and slow, will requite too much time to develop - and I don't believe we have much time for activity today, with everything that is coming

[10:10] {fernp} ty

[10:10] {Les} GG offering a .90 b/d?

[10:11] {Les} AUY breakdownish too

[10:12] {Les} log b/d?

[10:12] {Threei} doesn't form clean resistance so far, GG

[10:12] {Les} and auy

[10:12] {Les} ?

[10:12] {Threei} this one looks better chart wise but too narrow

[10:12] {Les} ok

[10:13] {dino} ioc

[10:16] {Les} aa .25 b/d

[10:16] {Threei} nah

[10:17] {Les} its actually at support here

[10:17] {Threei} this is bounce time for AA rather

[10:18] {Les} my thinking is poor. I took a paltry 200 shares of AUY for +.05 knowing that it was likely to drop

[10:18] {ese} will catch you all later this morning....massive headache..gonna go back to bed for a bit

[10:18] {Les} ciao ese

[10:18] {Threei} take care ese

[10:18] {ese} tkslas

[10:18] {ese} les

[10:18] {fernp} bye ese

[10:18] {strider} take care, ese

[10:19] {strider} short HOG .98

[10:20] {strider} cover .96

[10:21] {dino} htch sm l .55

[10:22] {Les} If AA rolls over, can short it at lod? bounce/stop is acceptable

[10:23] {Threei} it looks bounce bound to me

[10:23] {dino} fdx sm l .75

[10:23] {Threei} double bottom is more likely than breakdown

[10:24] {Threei} I'd see long entry with stop under .15

[10:24] {Threei} seek

[10:24] {dino} itri sm l .46

[10:24] {Threei} target to sell half around .30

[10:25] {Threei} and the rest somewhere between .30 and .40

[10:25] {Les} ok

[10:28] {Threei} US) SEC' Schapiro: plans to review fundamental changes to money funds

[10:28] {Threei} - SEC staff is currently evaluationg floating net asset values, citing susceptibility to runs

[10:28] {Les} slw .20 break?

[10:28] {Threei} late

[10:28] {Les} y

[10:28] {strider} log AA .21

[10:29] {Threei} here come the bri... AA

[10:29] {Les} l aa.26

[10:30] {Threei} DOE CRUDE: -3.9M V +1.5ME; GASOLINE: +2M V +1ME; DISTILLATE: +400K V -1.8ME; CAPACITY UTILIZATION: 78.5% V 78.3%E

[10:33] {Threei} argh

[10:33] {Threei} was thinking about USO short

[10:33] {Threei} after the report

[10:34] {Threei} never saw any trigger, and thing just plummeted

[10:39] {Les} market respecting resistance

[10:39] {Les} can I fade AA if downtrend continues

[10:39] {Threei} your trigger would be .15, right?

[10:39] {Les} y

[10:40] {Threei} so you need some consolidation with better pronounced resistance

[10:40] {Threei} at this point, green spikes ruin it

[10:40] {Threei} some more flat top, to create a channel

[10:40] {Threei} and play will become valid

[10:40] {Les} k

[10:41] {strider} out AA -.02

[10:42] {Threei} AIG Moving higher as US Treasury Sec Geithner makes formal comments at House hearing on AIG bailout

[10:42] {ilana} almost the whole Utilities sector is weak and consolidating

[10:45] {Threei} AIG

[10:47] {Threei} some momo-like trading for a few moments...

[10:47] {Les} aa sufficiently consolidated now?

[10:48] {Threei} if stays under .20

[10:49] {Threei} Long Setup: AIG .65 half lot

[10:49] {Threei} if stays above .50

[10:50] {Threei} nope

[10:51] {Threei} rinse

[10:52] {ilana} market wants down (my guts)

[10:52] {Les} looks like aa was rinsing too

[10:54] {Les} wanna stick with aa vad

[10:54] {Les} only exited long position

[10:54] {Les} didn't short

[10:54] {Les} setup still valid despite this green spike?

[10:55] {Threei} things become quite random here

[10:55] {Les} crap. hate that

[10:56] {Threei} we have Timmy testimonial going, and we have FOMC today

[10:57] {Threei} do you r eally expect readable period to continue too long under these conditions?

[10:57] {Threei} we had 30 minute os readability

[10:58] {Threei} next step was to go sleep

[10:58] {Threei} or sit and observe, maybe wait for some news play

[10:58] {Threei} but not to tgry and insert ourselves in the middle of repositioning

[10:58] {Threei} where nop side has intentions to make any commitment

[10:59] {Threei} and all everyone thinks abiout is to diminish their exposure

[10:59] {fernp} WFC .40 break interesting

[11:01] {fernp} stop under .30

[11:13] {Les} MS .20 b/d if fas falls

[11:18] {Threei} Apple Inc ebooks to cost $12.99-14.99, TV episodes costing approx $1 - Boy Genius

[11:18] {Threei} - device rumored to be approx 9-10 inches

[11:18] {Threei} - Apple to take a 30% cut of all sales of books; with $9.99 for less popular book

[11:18] {Threei} this tablet thing seems to be the next big storm brewing

[11:19] {dino} no that was rimm w/storm

[11:19] {Threei} SEC approves new money market rules in a 4-1 vote

[11:19] {Threei} AIG...

[11:20] {Threei} where is magoo... this is his play

[11:21] {Threei} "this thing wants 26" (signed - magoo)

[11:22] {dino} med sm l .30

[11:22] {Les} took a small bite out of aig out +.07

[11:25] {Threei} Les... starting mastering momo trading?

[11:26] {Les} dino and mags have some good strategies under their belt. I wanna learn them

[11:26] {Les} plenty of time

[11:26] {Threei} they sure do

[11:27] {nemo} what was the crude report

[11:27] {larisa} I do not even see momo on AIG :) hopeless

[11:27] {Threei} [10:30] {Alert} Threei DOE CRUDE: -3.9M V +1.5ME; GASOLINE: +2M V +1ME; DISTILLATE: +400K V -1.8ME; CAPACITY UTILIZATION: 78.5% V 78.3%E

[11:27] {nemo} ty

[11:28] {ese} back and L cien .83

[11:28] {Threei} it's kind of sparks and fizzles larisa

[11:28] {Threei} comes and goes

[11:28] {Threei} my guess is, depends on twists and turns of Timmy testimony

[11:29] {larisa} at least it is not 20 cents range today

[11:31] {dino} nonsense, this kangaroo court stuff, just nonsense

[11:31] {dino} getting more and more like atlas shrugged every day

[11:31] {dino} who'sw next before senate, howard reardon

[11:32] {dino} hank i mean

[11:35] {Threei} truly amazing parallels eh dino?

[11:35] {Threei} nothing new under the moon

[11:49] {fernp} WFC 1:1

[11:49] {Threei} yup

[11:49] {Threei} took its sweet time

[11:49] {fernp} yeah

[11:50] {Threei} 33% Favor Second Term for Bernanke, 47% Say Geithner Should Go

[11:51] {Threei} 59% Say Cut Taxes to Create Jobs, 14% Expect Congress to Listen

[11:51] {nemo} wow...relative intelligence

[11:51] {nemo} good thing I was sitting down

[11:57] {fernp} FAZ if breaks 20...

[12:01] {dino} distraction day, itri was stopped -.39.

[12:04] {Les} aa returning to lod. will enter small shares and average in if lower prices follow.

[12:04] {nemo} why not figure out if it's a short instead

[12:04] {Les} it's being suppressed by 50 ma

[12:05] {Les} prefer long leash and small shares to begin with

[12:06] {fernp} FAZ

[12:07] {Les} small long fitb .07

[12:11] {nemo} cat should have problems around .50

[12:20] {larisa} and it did

[12:20] {nemo} well .44

[12:25] {ilana} when are all these news coming out?

[12:25] {nemo} 2:15

[12:25] {Threei} Prezident is going to address "Don't ask don't tell" in his Stae of the Union speech

[12:25] {Threei} well, good thing he has his priorities straight

[12:25] {Threei} ummm... pun is not intended

[12:26] {Les} ha. was almost going to ask

[12:26] {fernp} SANM, Vad?

[12:26] {fernp} out

[12:26] {ese} outta here or the day all......still long cien and still long a huge headache

[12:27] {fernp} take care ese, relax

[12:27] {Threei} a lot of air undr it fern

[12:27] {Threei} not something I'd want to try for a bounce just yet

[12:27] {fernp} shorted .94

[12:27] {fernp} covered .86

[12:28] {larisa} X stubbornly coming back to lows. Can it bounce off 200 MA ?

[12:29] {Threei} gj fern

[12:29] {fernp} ty

[12:29] {Threei} I don't like it for bounce larisa

[12:31] {Threei} while daily looks oversold, it doesn't have a feeling of imminent bounce to it

[12:31] {larisa} 65-46 in a week and 200 MA just under 46. But was rhetorical question. Why do not you like it?

[12:31] {larisa} oh ok :)

[12:31] {larisa} those "feelings" again :)

[12:31] {Threei} the way it punctures the lower BB again and again, it can easly drop into 45

[12:32] {Threei} and you said yourself, "stubbornly coming back to lows"

[12:32] {Threei} not exazctly the behavior of the stock ready to bounce

[12:33] {larisa} ty :)

[12:35] {Threei} Paulson testifies now

[12:35] {Threei} lol!

[12:36] {Threei} no one listens?

[12:36] {Threei} this is a beauty

[12:36] {Threei} Tim just said he was not involved in decision to rwescue AIG,

[12:36] {Threei} now Hank says:

[12:36] {Threei} I was not involved, this decision was my by NY Fed

[12:36] {Threei} which was headed by Tim at the time, lol

[12:39] {dino} and around, around we go

[12:39] {dino} med stopped, i suck today

[12:40] {Les} where's Grayson when you need him? I remember him grilling that SEC female good and proper

[12:41] {Les} what's your take on fitb as it approaches hod Vad?

[12:42] {Les} long .07 at 12:05

[12:42] {Threei} chart is right...

[12:42] {Threei} everything else is wrong

[12:43] {Les} :)

[12:44] {Les} will tighten up the stop

[12:44] {fernp} SANM was a nice, clean and easy breakdown. Why I covered too soon?... Who knows?

[12:44] {Threei} X

[12:44] {Threei} breajdown in the making

[12:47] {Threei} there... was I right or was I right

[12:47] {dino} out fdx .32 +.57

[12:48] {Threei} feel free to cover who took .50 break

[12:48] {Threei} 40 cents

[12:50] {Les} vol. activity getting heavy as AA returns to lod

[12:50] {Threei} larisa... where is my "you were right"??

[12:50] {larisa} on what?

[12:51] {Threei} sigh

[12:51] {Threei} never you mind

[12:51] {Les} short aa .13

[12:51] {larisa} if X : I was looking at daily and talking longer term :)

[12:51] {Threei} {--- is cutting his wrists with banana

[12:52] {Les} fitb stopped

[12:57] {Les} averaging in aa .08

[13:01] {Threei} TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.37%; BID-TO-COVER RATIO:2.80 V 2.59 PRIOR AND 2.40 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} RPRX Receives Guidance from FDA Regarding Continued Development of Androxal in Hypogonadal Men

[13:06] {larisa} this is depressing vad, type something over these Hypogonadal Men :)

[13:06] {Threei} X Fitch lowers rating one notch from BBB- to BB+ (now junk status)

[13:06] {Threei} there

[13:06] {Les} out aa .01 ave +.09

[13:06] {larisa} cool

[13:06] {Threei} downgrade reflects lack of visibility into the strength of the recovery and the timing of U.S. Steel's return to profitability. The Stable Rating Outlook reflects Fitch's view that U.S. Steel's liquidity is sufficient to support operations should the recovery remain weak for the next 12-18 months.

[13:07] {Threei} wow RPRX

[13:10] {Threei} sheesh

[13:10] {Threei} not even approval

[13:10] {Threei} just guidance

[13:11] {Threei} AAPL CEO JObs formally introduces 'iPad' (204.74, -1.20, -0.58%)

[13:11] {Les} women's hygiene products have gone electronic?

[13:12] {Threei} thanks for the visual

[13:12] {Les} they might want to rethink the name

[13:12] {Threei} features browsing better than that of laptop, with full web pages

[13:12] {Threei} - calls Apple a 'mobile device company'

[13:12] {Threei} X accelerates to the downside

[13:13] {Threei} that 45 might not be too far

[13:13] {Threei} larisa?

06[13:14] * Threei is drumming his fingers on the table

[13:14] {larisa} yes ?

[13:14] {Threei} never mind

[13:14] {Threei} where is that banana

[13:14] {Threei} wrist-cutting one

[13:17] {fernp} SCO .86

[13:17] {fernp} out

[13:17] {fernp} :-)

[13:18] {Threei} wow

[13:18] {Threei} nice one

[13:19] {fernp} lucky

[13:19] {fernp} dont see any news

[13:19] {Threei} neither do I

[13:19] {fernp} only a nice breakout

[13:19] {Threei} [12:31] {Threei} the way it punctures the lower BB again and again, it can easly drop into 45

[13:20] {Threei} said at 46.60.... 15 cents left to 45

[13:20] {strider} gotta run, folks. See you in the morning.

[13:20] {Threei} take care strider

[13:20] {strider} :)

[13:21] {ilana} i'll bite...

[13:21] {fernp} bye strider

[13:21] {ilana} Vad, you were right!!!

[13:21] {Threei} yessss!!!

[13:21] {strider} I took a part-time consulting job a couple of weeks ago. Taking up most of my afternoons...........an offer I couldn't refuse.

[13:21] {Threei} thank you

[13:21] {strider} Vad was right..........again.

[13:27] {dino} cya strider

[13:29] {Threei} Preview: FOMC rate decision due out around 14:15ET

[13:29] {Threei} **In a week during which the Fed Chairman's reconfirmation has come into some question the FOMC is expected avoid rocking the boat. The main thrust of the FOMC statement is expected to remain intact, including the "extended period" language. The committee is also not expected to issue any new signals today, such as a bump in the discount rate which has been suggested as an early exit signal.

[13:29] {ilana} is it good?

[13:29] {Threei} neither

[13:30] {Threei} just makes it non-event

[13:30] {ilana} so the market should be relieved?

[13:31] {Threei} or simply left to its own devices, free to do whatever it intended to do without Fed's influence

[13:31] {ilana} good

[13:31] {Threei} and its latest inclination was down

[13:34] {Threei} X lookes to be reversing

[13:34] {nemo} rimm too

[13:34] {nemo} cat

[13:34] {Les} aa maybe too

[13:35] {larisa} played X bounce off the bottom :)

[13:35] {Threei} wtg

[13:37] {Threei} I must be missing something about this gas pedla thing in Toyotas

[13:37] {Threei} how could those guys die in this situationj?

[13:38] {Threei} what was the to prevent them from simply putting car in neutral gear?

[13:38] {Les} terror? fear?

[13:38] {nemo} anxiety when it accelerates

[13:38] {Threei} but it con tinued for quite a while

[13:38] {Threei} they phioned for help

[13:39] {Threei} and no one told them to do that

[13:39] {Les} the same majority psychology which makes them such easy targets in banking and finance?

[13:39] {Les} ring 911

[13:39] {Les} HELP ME!

[13:39] {Threei} that's what they did

[13:39] {Threei} described problem

[13:39] {dino} edu sm l .00

[13:40] {Les} and subsequently crashed

[13:40] {Threei} no one wasd capable of saying " switch to neutral"?

[13:40] {Les} or cut ignition

[13:41] {Threei} RPRX continues

[13:41] {Les} small long aa .06 13:37

[13:42] {larisa} was trading X looking at FCX chart, you should try it sometimes for fun :)

[13:42] {Les} I know that feeling

[13:42] {larisa} idiot

[13:42] {Threei} FCX leads?

[13:42] {larisa} no

[13:42] {larisa} I am idiot

[13:42] {larisa} mixed up charts

[13:42] {Threei} ummm

[13:43] {magoo} hello

[13:43] {Threei} you don't have level 2 window and cghart linked?

[13:43] {Threei} mags :)

[13:43] {Les} I have chart and trading window linked

[13:43] {Threei} missing klarge moves

[13:43] {Les} but sometimes chart doesn't change with trading window

[13:43] {Threei} in laser??

[13:43] {Les} IB

[13:43] {Threei} oh

[13:43] {larisa} i have everything color coded, trading off my alerts. was looking at chart for the top of the bounce :) wrong one too

[13:43] {Threei} never happened in laser

[13:44] {larisa} I do not use laser charts, so nothing is linked :)

[13:57] {Les} aig .20 b/d

[13:59] {dino} ioc

[14:05] {Les} out aig +.05

[14:07] {Les} out aa -.01

[14:09] {Les} aig getting funky. Geithner sneezed?

[14:09] {Threei} he is done long ago

[14:12] {Threei} 4 min till FOMX

[14:12] {Threei} 3

[14:13] {nemo} rimm broke resistance

[14:13] {nemo} broke high of the day

[14:15] {nemo} if there's no tightnening for the forseeable future language, today will likely continue rising

[14:16] {Les} everything is suddenly happen just prior to fomc time?

[14:16] {Les} not happen, happy

[14:16] {Threei} FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%;

[14:16] {magoo} no change

[14:16] {Les} everything drops...

[14:16] {magoo} rates

[14:17] {nemo} no surprise there, now it's the language

[14:17] {nemo} rimm holding

[14:17] {magoo} usually English

[14:17] {nemo} nice one mags

[14:17] {Threei} REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:17] {Threei} - MBS to end in March as scheduled

[14:17] {Threei} - Inflation to be subdued for sometime

[14:17] {Threei} Vote was 9-1 to keep rates on hold (Hoenig dissented)

[14:17] {ilana} so why the drop?

[14:17] {Les} FITB below 12

[14:18] {magoo} down ..up...down

[14:18] {nemo} wow rimm

[14:18] {Threei} no worry, it will jump right back up

[14:19] {nemo} rimm momo

[14:19] {Les} traders are clearly troubled by ethical concerns of low rates; asset bubble inflation :O

[14:19] {Threei} uhhu

[14:19] {nemo} ba joke

[14:19] {Threei} that's exactly what bothers traders

[14:20] {Threei} keeps them turning andf tossing in the night

[14:20] {dino} ioc sm l .50 jumpy

[14:20] {Threei} Hoenig believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.

[14:20] {Threei} - MBS to end in March as scheduled

[14:20] {Threei} - Inflation to be subdued for sometime; Bank lending continues to contract

[14:20] {Threei} - deterioration in the labor market is slowing

[14:21] {Threei} - In light of improved functioning of financial markets, the Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced. In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1

[14:21] {Threei} The Federal Reserve is in the process of winding down its Term Auction Facility: $50B in 28-day credit will be offered on February 8 and $25B in 28-day credit wil be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral.

[14:24] {Threei} Apple Inc Basic iPad tablet computer to sell for $499 (lower than consensus); to offer six different models

[14:24] {Threei} - With WiFi: $499 16GB, $599 32GB, $699 64GB

[14:24] {Threei} - With WiFi & 3G connectivity: $629 16 GB, $729 32GB, $829 64GB

[14:33] {Les} aa approaching lod

[14:33] {fernp} FITB on highs

[14:34] {Les} I've been waiting for it as a short fern. FITB just doesn't seem to want to break out

[14:35] {Les} could be wrong of course

[14:36] {Les} I'm wrong

[14:37] {larisa} psihotic market

[14:37] {Threei} psychotic too?

[14:38] {larisa} no, what I said :)

[14:39] {fernp} 1:1 FITB

[14:39] {Les} just what I was about to say. you take it?

[14:40] {fernp} yes 12.11

[14:40] {fernp} stop under 12

[14:40] {Les} small c&h breakout pattern on the q's

[14:40] {fernp} and QID short .94

[14:40] {Les} I was too late .13 entry, wasn't chasing

[14:40] {magoo} jesus, AAPL back near high after 5 point fall

[14:40] {fernp} stop above 20.05

[14:41] {fernp} out 1:1

[14:41] {Les} nice

[14:41] {dino} out ioc .81, +1.31

[14:41] {larisa} gj

[14:41] {Les} that's lucky of you

[14:41] {ilana} gj, dino

[14:42] {fernp} gj dino

[14:42] {Les} :)

[14:42] {dino} thx got lucky on fed could've gone either way

[14:42] {dino} question is edu?

[14:43] {nemo} gld making a comeback

[14:43] {Les} funny. the exuberance took some time to make its way to the market. 15 odd minutes

[14:43] {Threei} FOMC days can be funny eh

[14:43] {ilana} funny as hell

[14:44] {Les} why I didn't take FITB. thought it must be trap. too long a time

[14:44] {Les} whatever. live and learn

[14:46] {fernp} Another day in Mars. green day here. let's see tomorrow :-)

[14:46] {Threei} take care fern, good job

[14:46] {fernp} Good evening everybody. see u all tomorrow

[14:46] {Les} ciao

[14:46] {fernp} ty

[14:46] {ilana} bye fern

[14:51] {dino} out edu ave .06, +1.06

[14:51] {Les} ouch

[14:52] {Les} beers are on you today?

[14:52] {Threei} killin'em today eh dino

[14:52] {dino} well after 1 for 4 in am, something had to give

[14:53] {magoo} [14:52] {Les} beers are on you today?

[14:53] {magoo} i can only hope

[14:54] {Les} :)

[14:54] {Les} you play on a day to day basis Mags?

[14:55] {Les} or only when momo is around?

[14:56] {Les} or it might be just me, having forgotten your presence after two weeks of absence

[14:56] {Les} I'll shut up now

[14:57] {dino} lol

[14:59] {dino} back in 10

[15:05] {Threei} what's with ARMH?

[15:05] {Threei} I see no news

[15:07] {Threei} market jumps up and down as antelope with turpendtine suppository up its butt

[15:07] {nemo} now there's an analogy

[15:07] {nemo} 60 grit turpentine suppository

[15:08] {Les} and you complain to me about bad visuals?

[15:08] {Threei} not to be outdone, you know

[15:08] {nemo} :)

[15:09] {Les} still, its a funny image running through my head

[15:10] {dino} if ioc gets to 68 again....

[15:11] {dino} typical fed day down/up/down

[15:12] {dino} hate to see dks lower guidance

[15:12] {nemo} here's a bad one...

[15:12] {nemo} so, dino, it's kinda' like sex

[15:12] {magoo} ROFLOL

[15:12] {Threei} janitor

[15:13] {nemo} !!!

[15:13] {dino} lol, what movie was this; no time for in out luv just came to read the meter

[15:13] {nemo} don't know

[15:13] {dino} clockwork orange

[15:13] {nemo} How about this one, "Governor Lepetomaine, think of your secretary!"

[15:13] {Threei} wow

[15:13] {Threei} oldie

[15:14] {nemo} yeah...when that came out it was rated X

[15:14] {nemo} they'd show it on tv now

[15:15] {dino} singin' in the rain

[15:15] {nemo} Ludwig Van

[15:16] {dino} ioc getting close to 68

[15:18] {dino} i may be crazy, but gut says snda fills gap from nov early morning tomorrow. 45.35ish

[15:18] {dino} will be lookinng at that

[15:19] {dino} watching for gs at 142ish gap too

[15:22] {nemo} need one for b/e today

[15:25] {Les} wfc has had a great run today and might be ready for a sell off

[15:26] {nemo} I think a run up would be the most unexepected for the last half hour

[15:26] {Les} but everything is topsy turvy and I have no setups to work with

[15:27] {nemo} the indices haven't really broken the median trend line up that started around 1:15

[15:32] {Threei} wow

[15:32] {nemo} what?

[15:32] {Threei} market...

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 980M shares, about 18% above its three-month average; decliners lead advancers by 1.1:1.

[15:32] {Threei} - NASDAQ volume 2.05B shares, about 19% above its three-month average; advancers lead decliners by 1.3:1.

[15:32] {Threei} - VIX index -2.5% to just under 24.00

[15:33] {Les} this is one of those "sell into rally" moments the talking heads recommend?

[15:33] {nemo} maybe, maybe not

[15:34] {nemo} where else you gonna' put your money right now?

[15:34] {Les} here? a second apartment...

[15:34] {dino} could be the 4-6% drop and run again that has happened since mARCH

[15:35] {nemo} yeah, that's what I'm thinking dino...no place else to put your money...real estate, bonds, I don't think so

[15:35] {dino} well, everybody is saying down now, especially cramer. he always has you buying tops selling bottoms

[15:36] {nemo} gotta' put a stake through his heart

[15:36] {dino} i'm thinking, what can obamination do w/o the senate in his back pocket. plus, even when he had them, nothing got done

[15:37] {nemo} markets love gridlock

[15:37] {dino} me too

[15:42] {Threei} CNN

[15:42] {dino} gotta hop, son's b-ball game

[15:42] {Threei} put it in neutral or cut off the engine

[15:42] {nemo} cya

[15:42] {dino} thx all, good times

[15:42] {Threei} finally

[15:42] {Threei} take care dino

[15:42] {Les} ciao

[15:42] {dino} :)

[15:43] {billyc} gn all i had a good day thanks for the calls

[15:44] {Les} bye billy

[15:44] {Threei} great, people say thanks and disappear before I can say welcome

[15:44] {Threei} now they'll think I am impolite

[15:44] {Threei} wait... I am impolite

[15:44] {nemo} no...they know

[15:44] {Threei} right

[15:44] {Threei} no problem then

[15:44] {nemo} nah

[15:44] {ilana} they'll think that anyway

[15:45] {Threei} yeah

[15:45] {Threei} what is it I got worried about all of a sudden

[15:45] {Threei} shrug

[15:46] {ilana} but remember, you were right with X

[15:46] {Threei} yeah, and I had to beg for someone to recognize it

[15:47] {nemo} wow cat

[15:47] {Threei} such a fate of us, unsung geniuses

[15:47] {Threei} we get acknowledged after death only

[15:47] {ilana} and you got much earlier

[15:48] {Threei} not really... since I had to beg for it, and you just had a nercy on me

[15:53] {Threei} daily chart looks like dklwnside contnuation is coming

[15:53] {Threei} but today is not your usual day

[15:54] {Threei} will see how tomorrow goes

[15:54] {ilana} have a good evening

[15:54] {Threei} you too

[15:55] {larisa} bye all :)

[15:55] {Threei} see you tomorrow :)

[15:55] {nemo} c u 2morow

[15:55] {nemo} I'm off

[15:55] {Les} yeh thanks. taking a last couple of bucks from FITB short. c u tomorrow

[15:56] {Threei} take care guys, have a good evening

Jan 26 2010

About flat day for us, with prolonged period of inactivity. Market stayed in a sleep mode for so long that when sell-off finally started, we missed most of it.

Session Time: Tue Jan 26 00:00:00 2010

[08:16] {nemo} just a thought...we might want to watch brk.b this might be a fairly tradeable stock for a while

[08:27] {Threei} MRNA Issued Chinese patent for the use of nucleic acids to treat cancer

[08:27] {Threei} MDRNA Inc. Issued Chinese patent for the use of nucleic acids to treat cancer

[08:27] {Threei} - The State Intellectual Property Office of the People's Republic of China (PRC) has issued a Notification of Granting Patent Rights for PRC 200480018784 which includes the use of nucleic acids, e.g., an siRNA, for the treatment of cancer. The patent describes modulation of claudins, which are proteins implicated in tumor progression and metastasis.

[08:30] {nemo} gold taking a beating like a redheaded stepchild

[08:32] {Threei} as it well should

[08:32] {Threei} together with its siblling oil

[08:33] {nemo} hey...I don't think you made a spelling mistake yesterday

[08:33] {Les} yes he did

[08:33] {Threei} I must have

[08:33] {Les} eqzactly

[08:33] {Threei} think of it:

[08:33] {Threei} snow didn't fall in Hawaii,

[08:33] {nemo} no, it's eqkaktly

[08:33] {nemo} eqzaktly

[08:33] {nemo} yeah...that's it

[08:33] {Les} that's the one

[08:33] {Threei} ppolar bears didn't appear in LA,

[08:34] {nemo} sure as hell did...at the zoo

[08:34] {Threei} so, what poassible grounds may you have for such a preposterous claim?

[08:34] {nemo} about spelling...I just don't remember seeing a mistake, guess I missed it...alright...you suck

[08:34] {Threei} whew

[08:35] {Threei} my world is coming back

[08:35] {Les} stop drinking your coffee nemo

[08:35] {nemo} yeah...paradise is just not good for a healthy world view

[08:35] {Les} you're starting to sound normal

[08:35] {nemo} who....me?

[08:38] {Les} brk b does have some nice intraday movement going for it

[08:40] {fernp} Good morning everybody

[08:40] {nemo} hola fern

[08:41] {Les} hey fern

[08:41] {Threei} fern :)

[08:44] {Threei} tyhere was a split, right?

[08:45] {Les} yeh

[08:45] {Threei} US) Preview: Nov S&P CaseShiller Home Price data due at 09:00amET

[08:45] {Threei} - Nov S&P CaseShiller Home Price: 146.8e v 146.58 prior

[08:45] {strider} not showing up on daily chart yet.

[08:45] {Threei} yeah, chart looks funny

[08:46] {Les} brkb was a 3000+ dollar stock a week or so ago

[08:46] {nemo} they split it

[08:46] {Threei} I am still delighted by old friend BRK.A

[08:46] {Les} and then some

[08:46] {Les} how did you play that monster?

[08:47] {Threei} lol

[08:47] {Threei} look at the volume

[08:47] {Les} strange

[08:47] {nemo} I don't even like looking at it...gives me slippage nightmares

[09:00] {Threei} *(US) NOV S&P CASESHILLER HOME PRICE:146.28 V 146.80E ; COMPOSITE-20 Y/Y: -5.32% V -5.0%E

[09:03] {dino} gm all

[09:03] {strider} morning all

[09:04] {Threei} dino, strider :)

[09:04] {strider} :)

[09:05] {dino} fcx feels like wants that oct. gap, 67ish

[09:08] {Les} dino, strider

[09:09] {dino} strange, jst 2/1 split announced, record date 2/5

[09:10] {dino} rino bloodied again, down 12 pts in about two weeks

[09:10] {larisa} gm :)

[09:11] {nemo} aapl remarkably sedate for yesterday's performance...think I'll strap on the parachute....just in case

[09:11] {Les} hi larisa

[09:11] {nemo} lari :)

[09:12] {Threei} Larisa :)

[09:12] {larisa} Les, nemo, vad :)

[09:17] {Threei} US Congressional Budget Office (CBO: FY10 budget deficit at $1.3T v $1.38T prior estimate

[09:18] {Les} fcx .30 b/d

[09:19] {Threei} not premarket

[09:19] {Threei} too thin

[09:19] {Les} awww shucks

[09:19] {Threei} slightest blip, it will jump 30 cents on you faster than you blink

[09:20] {Les} dino's been an important influence while you were away

[09:20] {Threei} toss a coin for the direction

[09:20] {nemo} frickin' Beaver Cleaver

[09:20] {nemo} vmware might be good today also, up big, market goes sour, likely a good short

[09:21] {ese} morning

[09:22] {Les} hey ese

[09:22] {Threei} ese :)

[09:23] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {nemo} lt :)

[09:24] {ese} les LT dude

[09:24] {nemo} dude

[09:24] {lasertrev} :)

[09:28] {Threei} BCRX Partner Shionogi launches Peramivir H1N1 treatment in Japan under the name RAPIACTA

[09:30] {Threei} Les, I was mistaken - it was 40 cents on FCX {G}

[09:31] {Les} :/

[09:31] {Les} I guess that's why I'm here

[09:31] {Threei} wow ZION

[09:31] {nemo} took a buck out of x short

[09:32] {dino} les, thanks, glad i help someone

[09:32] {Les} :D

[09:32] {nemo} X not FCX

[09:33] {Threei} ZION nor shortable

[09:33] {Threei} too bad, was thinking of looking for reversal setup

[09:33] {Threei} maybe a pullback for long then

[09:35] {dino} mos gap high 56s

[09:36] {Threei} FITB chasing ZION now

[09:36] {Threei} OK, ZION pulling back

[09:36] {Threei} 11.20 zone would be nice

[09:36] {strider} 19.20

[09:36] {Threei} yes

[09:37] {Threei} here we go

[09:38] {Threei} .23 in .40 out

[09:38] {Threei} way too fast to post entry

[09:38] {Les} crap. was wating for .20 to be touched

[09:38] {Threei} either you were ready or ytou miss it

[09:38] {nemo} went to 17

[09:38] {nemo} .17

[09:38] {Threei} it did Les

[09:38] {Les} didn't see it

[09:38] {Les} sure, but i didn't see it so wasn't giving it 100% focus

[09:39] {Les} nice call though. I like to see knife catching in action

[09:41] {Threei} it's not

[09:41] {Les} really?

[09:41] {nemo} knives go through

[09:41] {Threei} normal pullback into support zone

[09:41] {Les} ok

[09:41] {Threei} knife catching refers to a different situation

[09:41] {Threei} sharp selloffs, bottom fishing

[09:41] {Les} ok

[09:42] {Les} I believe we've had this conversation before

[09:42] {Les} just normal consolidation

[09:43] {Threei} Long Setup: FITB.65 break

[09:43] {Threei} Long Setup: FITB .65 break

[09:43] {Threei} if stays above .55

[09:43] {Threei} or for hard core scsalpers, .60

[09:44] {nemo} at resistance from yesterday

[09:45] {nemo} crissakes cat

[09:45] {Threei} no go

[09:45] {fernp} stopped

[09:45] {dino} cagc sm l .69, jumpy

[09:46] {ese} ya look at that nemo......

[09:46] {ese} was lookin at it and thinkin.....naw it ain't goin nowhere

[09:46] {Threei} US) Preview: Nov House Price Index (m/m) due out at 10:00ET

[09:46] {Threei} **consensus expectations: 0.2%e v 0.6% prior

[09:50] {Threei} Long Setup: SPWRA 22 break

[09:51] {dino} stopped cagc -.35

[09:51] {fernp} stop under .80?

[09:51] {Threei} for a day trade, yes

[09:53] {Les} s fitb .27

[09:58] {Les} fixed up my real estate while you were away vad. now trading 2 stocks at a time

[09:58] {Threei} cool beans

[09:59] {Threei} nice FITB short

[09:59] {Threei} *(US) JAN RICHMOND FED MANUFACTURING INDEX: -2 V 0E

[10:00] {Threei} US) JAN CONSUMER CONFIDENCE: 55.9 V 53.5E

[10:00] {nemo} morons

[10:00] {Threei} lol

[10:00] {Les} u r nasty nemo

[10:00] {nemo} truth hurts

[10:01] {Threei} US) NOV HOUSE PRICE INDEX (M/M): 0.5% V 0.2%E

[10:01] {fernp} stopped SPWRA

[10:02] {Les} yeh that one hurt

[10:02] {Threei} it spiked a bit too vertical into resistance fernn...

[10:02] {Threei} do we buy this kind of breajkouts??

[10:03] {Les} shakeout you say?

[10:03] {Threei} I don't know... that's not the point I am making

[10:04] {Les} oh right, you didn't bite

[10:08] {dino} itri sm l .97

[10:08] {dino} cagc sm l .20

[10:09] {Threei} watching WFC for pullback entry

[10:10] {Threei} 27-80-.90 area

[10:11] {Threei} no pullback

[10:11] {Threei} not chasing it

[10:11] {Threei} Long Setup: STLD .15 break

[10:12] {Threei} if stays above .05 for scalpers

[10:12] {Threei} 16 for day traders

[10:13] {ese} L cien .80

[10:13] {nemo} resistance at .25

[10:13] {Threei} daily is so oversold

[10:14] {Threei} nice on CIEN Les

[10:15] {nemo} aig

[10:15] {Les} that be ese

[10:15] {Threei} nice on CIEN Lessorry

[10:15] {ese} les you in as well

[10:15] {Threei} grrr

[10:15] {Threei} ese, sorry

[10:16] {ese} tks

[10:16] {Threei} 1:1 for scalpers STLD

[10:17] {Threei} JAZZ

[10:17] {Threei} no news that ZI see

[10:18] {Threei} 1:1 for day traders STLD

[10:18] {Threei} that was easy one

[10:19] {Threei} no single pullback

[10:19] {Threei} just went strasight up for all our taregts

[10:19] {Les} yeh and I didn't take it

[10:19] {Les} I'm having a trade what I think day

[10:19] {Threei} oh one of those

[10:19] {Les} hit me nemo

[10:20] {Threei} nemo?? you don't feel well??

06[10:20] * nemo slaps Les around a bit with a large dirigidoo

[10:20] {Threei} not responding to invitation to hit someone within 2 micvroseconds??

[10:20] {Les} c'mon hit me, hit me, HIT ME!

[10:20] {nemo} had to come up with something creative

06[10:20] * nemo slaps Les around a bit with a large lead pipe

[10:21] {Les} ah that's better

[10:21] {Threei} there... tried and proven

[10:21] {nemo} frickin' sheila

[10:22] {strider} good call , vad.....STLD

[10:24] {ese} out cien .93 +.13

[10:24] {dino} cfagc out .10 ave, +.90

[10:25] {dino} cagc'

[10:25] {larisa} gj

[10:25] {Threei} if drops into .15, will be of interest for another entry, STLD

[10:27] {Les} out stld +.08.

[10:30] {fernp} STLD vad?

[10:32] {Threei} not sure yet

[10:32] {nemo} x dropping

[10:32] {fernp} yes. I see

[10:32] {nemo} spy dripping

[10:32] {Threei} CYCC??

[10:33] {Threei} Market Internals update at 10:30amET

[10:33] {Threei} - NYSE volume 250M shares, about even to its three-month average; decliners lead advancers by 1.7:1.

[10:33] {Threei} - NASDAQ volume 560M shares, about 13% above its three-month average; decliners lead advancers by 1.6:1.

[10:33] {Threei} - VIX index -1% to just over 25.00

[10:33] {nemo} I'll take it over 18 coupla weeks ago

[10:34] {Threei} STLD is still unclear

[10:34] {Threei} casn;t tell if it's ready

[10:34] {fernp} TGT .70 break, Vad?

[10:35] {nemo} kinda' looks like the spy

[10:35] {Threei} rather yes but half lot fern

[10:35] {fernp} ty

[10:35] {Threei} this thing can be very treacherous

[10:36] {Les} you gotta play on RIMM Vad?

[10:36] {Les} .10 b/o?

[10:36] {fernp} 1:1 ty

[10:36] {Threei} if holding abopve 61 les

[10:36] {Threei} makes sense

[10:37] {Threei} good play fern

[10:37] {Threei} see how hesitant STLD is here?

[10:39] {Threei} .10 resistance is getting reinforced on RIMM

[10:40] {Threei} needs market help

[10:40] {Threei} if gets it and breaks, will be good setup

[10:40] {Les} ready to fade it

[10:43] {ese} L zion .20

[10:44] {fernp} STLD if break .20?

[10:44] {Threei} no, not by me

[10:44] {Les} RIMM is off

[10:44] {fernp} ok

[10:45] {ese} out zion .34 +.14

[10:45] {Threei} may work on market help but this is not a clean setup

[10:45] {Threei} RIMM 1:1

[10:45] {Threei} nice and easy

[10:45] {ese} nice little 6k hit there

[10:45] {Threei} wtg ese

[10:45] {ese} tks

[10:45] {Threei} out RIMM .33

[10:45] {Les} out .30 but was short and had to reverse position. green but not so much

[10:46] {ese} Lcien .85

[10:46] {Les} I'm fighting the tape all the way up today

[10:46] {Threei} out a bit too early RIMM

[10:46] {Threei} knew it was a powerful setup

[10:47] {Les} what tells you it was a powerful setup?

[10:47] {Threei} the way it continued bumping at .10, retreating, returning to it again,

[10:47] {Les} because it previously touched .10 zone before dropping earlier?

[10:48] {Threei} this tends to build kind of dam

[10:48] {Les} crap. sorry question answered

[10:48] {Threei} which when broken leads to a flash flood

[10:48] {Les} cool. will remember that

[10:48] {strider} AIG may be good for a short soon

[10:48] {Threei} it's the same principle as with huge offers break Les

[10:48] {Threei} think of both as dam break

[10:48] {larisa} hated it over 61 for long. all possible divergencies did show it is topping. Vad was right. i liked it short :)

[10:49] {ese} ya get that feelin that zion is going to hit 21

[10:49] {Threei} full stop

[10:49] {Threei} no one breathes

[10:49] {strider} maybe look for aggressive entry near .30

[10:49] {Threei} no one says a word

[10:49] {Threei} this is a moment I really need to savour

[10:49] {Threei} Larisa said I was right

[10:49] {Threei} where is my t-shirt

[10:49] {larisa} or lucky :)

[10:50] {Threei} "I WAS RIGHT" on both chest and back

[10:50] {Threei} oh don't spoil my chest-drumming moment

[10:50] {Threei} I get it what, once a year?

[10:51] {strider} VAD: Mad, Bad, and Dangerous to Know.

[10:51] {Threei} really? I thought of myself as meek, obedient and overall fuzzy

[10:51] {strider} yeah, well, that too.

[10:52] {ese} cien stop is .79 for me by the way

[10:54] {ese} why I otta.....it's plain wit me.........well i'll show it.....if it hits .79 den izziz atta dare

[10:55] {ese} by the way.....i've learned that type of spoken english from this board.....it's great

[10:56] {Threei} it's english?

[10:56] {Threei} damn... I always thought I weas speaking sumerian...

[10:57] {ese} lol

[10:57] {Les} FITB lod b/d

[10:58] {Threei} look at GS

[10:58] {Les} getting its just desserts

[10:58] {ese} fitb gave up the ghost

[10:59] {Threei} it's a serious selloff, on both daily and intraday

[10:59] {Threei} takes many finnies with it

[11:00] {ilana} RIMM looks short now?

[11:00] {Threei} can't help but ask... those conspirasists who believe GS can dio anything they pleasxe to the market,

[11:00] {Threei} care to explain how come they allow such a hit on their own stock?

[11:01] {Threei} 50/50 ilana

[11:01] {Threei} not a clear setup

[11:01] {Les} cause they sold it all?

[11:01] {ilana} i bet on first 50

[11:01] {Threei} I'd say, if I had to play it it would be short,

[11:01] {Threei} but given a choice, I'd stay away

[11:05] {ese} shw...very recognizable pattern from your book vad

[11:07] {ese} flatline at the high P125

[11:07] {Threei} the range is a bit too wide for my taste though, ese

[11:08] {Threei} you covered RIMM yet Ilana?

[11:08] {ilana} yes, +.20

[11:08] {Threei} wtg

[11:09] {ese} yes your book is .05/.10

[11:14] {ese} daaaaaaaaa cien stopped .80

[11:14] {ese} good fill though

[11:20] {nemo} mmmhhh rimm break of .25 on volume, could be if it holds .18

[11:20] {nemo} .15 is 200 ma

[11:23] {nemo} 1/2 out .35

[11:23] {nemo} stop to b/e

[11:23] {Threei} nice one

[11:24] {nemo} broken clock moment

[11:24] {nemo} got x good on the open though...

[11:24] {Threei} small shares pklay:

[11:24] {nemo} x 400

[11:24] {Threei} Short Setup: GS 153 break

[11:24] {nemo} no thanks

[11:24] {larisa} lol

[11:24] {Threei} if stays under .15

[11:25] {Threei} invalidated anyway

[11:25] {Threei} fade would have worked though

[11:26] {nemo} another 1/4 .45

[11:26] {nemo} stop to .40

[11:26] {Les} FITB .20 b/o

[11:26] {magoo} hey all

[11:26] {Threei} mags!!

[11:27] {Les} hi mags

[11:27] {strider} who are you?

[11:27] {Threei} where the heck have you been

[11:27] {nemo} huh?

[11:27] {nemo} missing link is back?

06[11:27] * nemo slaps magoo around a bit with a large trout

[11:27] {magoo} working out some issues

[11:27] {magoo} how was vaca vad

[11:27] {Threei} fantastic

[11:28] {magoo} :)

[11:28] {Threei} both vacation and seminar

[11:28] {Threei} with live trading

[11:28] {magoo} oh neat

[11:29] {Threei} http://caracommunity.com/content/jan-23-2010-notes-china-shanghai-fly#comment-55893

[11:29] {dino} .

[11:29] {Threei} FITB works for a scalp

[11:30] {Threei} ugh, why didn't I add comment on GS being two-sided setup

[11:30] {nemo} stop rimm

[11:30] {Les} yeh I'm getting a bit of a revenge trade happening on fitb

[11:31] {nemo} big order .40 on x

[11:32] {nemo} frickin .01 away from 1:1 x and then stopped me

[11:34] {Threei} why Les

[11:34] {Threei} that was a valid setup

[11:35] {Les} I've dug me a big bloody hole on fitb today

[11:35] {Les} it's going down

[11:35] {Les} will take this next setup if q's break resistance

[11:35] {Threei} I mean I wouldn't call it revenge trading since setup was right

[11:36] {Les} ok. let's say it is my primary focus of today

[11:36] {Threei} revenge trading is trasdes you take because you see them where there are none, out of desire to dig out of hole

[11:46] {ese} skydogs parachute ain't working

[11:47] {Threei} someone forgot to register prior connecting

[11:53] {nemo} wow volume spike rimm

[11:53] {dino} itri stuck

[11:53] {dino} stop to .49

[11:53] {Threei} some block, nemo

[11:53] {ese} big volume spike

[11:53] {nemo} yeah, and it's moving it

[11:54] {Threei} don't think it has any significance as far immediate read goes

[11:54] {Threei} market spike is moving it

[11:54] {nemo} offers getting hit

[11:54] {nemo} no bids last minute

[11:54] {nemo} theres one

[11:55] {nemo} wow

[11:55] {nemo} aapl really moving too

[11:56] {nemo} volumes up but not that high

[11:59] {nemo} fcx x pulling back against the market

[12:01] {Threei} LVLT To Deliver Backbone Network and Wholesale Voice Services for TDS Telecom

[12:01] {Threei} - will provide backbone network connectivity for TDS Telecommunications Corp. (TDS

[12:03] {Threei} DVAX Exec: Holding talks with potential partners for Hepatitis C drug SD-101 (1.77, +0.28, 18.79%)

[12:05] {Threei} - Expects data from early stage trial of Hepatitis B drug DV-601 in mid 2010

[12:07] {dino} itri stopped +.45

[12:10] {Threei} I like this kind of stops

[12:17] {nemo} think market gonna' take a breather

[12:18] {Threei} it does, for the last hour or so

[12:18] {nemo} reached new high 11:45 on spy and 5 minutes ago on Qs

[12:23] {nemo} that rimm volume spike makes it hard to read volume :)

[12:27] {nemo} guess appl and vmw driving the qs

[12:28] {Les} GENZ lod b/d?

[12:28] {nemo} joyg forming quite the triangle

[12:29] {Threei} probably yes Les

[12:29] {Threei} (US) US Senate reportedly, as expected, has defeated the measure to create a bi partisan task force to deal with budget deficits

[12:29] {Threei} yeah, what's up with weird desires toi rein in budget deficits

[12:30] {nemo} markets will rein them in eventually...buy more bullets

[12:31] {nemo} big order x at .69

[12:31] {nemo} which, of course, is resistance

[12:32] {nemo} at lunch

[12:32] {nemo} where's that bottle?

[12:32] {Threei} hot water bottle?

[12:33] {Les} milk bottle?

[12:33] {Threei} feeling a bit rusty at your old age?

06[12:33] * nemo slaps Threei around a bit with a large cognac

06[12:33] * nemo slaps Les around a bit with a large bottle of lye

[12:33] {Les} I'm drowning my bad trading in a single malt

[12:33] {Threei} marrow chills in bones from Oct to March?

[12:33] {nemo} x breaks support

[12:42] {Les} l x .77

[12:42] {nemo} vwhere's your stop

[12:43] {Les} wait, just let me roll the dice

[12:43] {nemo} your money

[12:44] {dino} selling everything too soon today

[12:45] {nemo} .10 les

[12:45] {Les} out average +.03. only 1/3rd fill at +.10

[12:45] {nemo} can't call it 1:1

[12:45] {nemo} ?

[12:45] {Les} already touched .10 nemo

[12:45] {nemo} yeah

[12:45] {Les} and then retraced to b/e

[12:46] {nemo} ahh

[12:48] {Les} l ms .26

[12:50] {Les} AIG .15 b/d?

[12:52] {Les} stopped ms

[12:59] {Threei} not sure about AIG

[12:59] {Threei} this kind of flatline can resolve either way

[13:00] {Les} wfc pushing hod

[13:00] {nemo} fcx riing support

[13:00] {nemo} riding

[13:02] {nemo} nice of it to break down

[13:15] {Les} vad, was about to buy SLB with a .15 break, .09 stop

[13:15] {Les} it did what I thought itm ight do, go to .30 resistance.

[13:15] {Les} was t his a legit setup for you?

[13:15] {Threei} more or less

[13:16] {Threei} a bit marginal

[13:16] {nemo} hahahah no pun intended

[13:16] {Les} no, this is not a bounce play?

[13:16] {Threei} kind of diascretionary one,

[13:16] {Les} ok

[13:16] {Threei} can be played, can be ignored, depending on one's degree of boredom

[13:17] {Les} I've always been fascinated with your calls where sell off turns to bounce and you catch them

[13:17] {Les} trying to look at this bounce through such a lens

[13:18] {Threei} the idea is right overall,

[13:18] {Threei} it's jujst that this one didn't give strong indications

[13:19] {Threei} slide was too slow, no decisive definition of support

[13:20] {Les} ok

[13:21] {Les} s cb .49

[13:28] {Les} took MEE for +.10

[13:29] {Les} cb +.04

[13:29] {Les} I'm only happy when I'm shorting

[13:29] {ilana} nice scalping

[13:29] {Threei} all the time or during last days?

[13:30] {Les} this last week of green came on back of shorting

[13:31] {Threei} well, no wonder, considering market drop

[13:31] {strider} I'm with Les. In current market, I never believe an upside breakout will happen.

[13:31] {Threei} now, imaginbe the predicament of investors and those traders that never got comfortable with concept of shorting

[13:31] {strider} Took the STLD though , and glad I did.

[13:32] {Les} happy to have shorting in my toolbox

[13:32] {strider} Part of that may be because there are so many accounts you can't short in.........IRAs, for instance.

[13:32] {strider} Most people don't have much exposure to shorting.

[13:33] {Threei} yes, I guess that plays part

[13:33] {Threei} plus idiotic propaganda

[13:33] {Threei} that portraits shorting as un-patriotic

[13:34] {Threei} and imbecilic statements about infinite risk in short position, while long one has zero as limit of going against you

[13:34] {strider} When I first had it explained to me , was by a 'stockbroker'..........who's whole philosophy (for his clients at least) was buy and hold........no matter what...just hang on.

[13:34] {strider} For that philosophy, fear of shorting makes some sense.

[13:34] {Threei} that's a good philosophy

[13:34] {strider} You can only lose your original total investment.

[13:35] {Threei} has just one concept, doesn't require much thinking

[13:35] {Threei} I like it

[13:35] {strider} Let me introduce yo to him.

[13:35] {strider} He doesn't have much to do these days.

[13:35] {strider} I'm sure he'll have time for you.

[13:35] {Threei} sure thing, I must know people that participate in a noble process of putting food on my table

[13:36] {strider} Thing is, he doesn't do that himself. He swing trades.

[13:36] {strider} But because it costs his clients 30-80 bucks to make a trade, they have to follow the buy and hold philosophy.

[13:38] {Threei} for a second I felt a pinch of conscience

[13:38] {Threei} then it went away

[13:38] {strider} nah...

[13:38] {Threei} I do offer to educate them

[13:38] {Threei} if they don't take me up on the offer but elect to listen to those types instead,

[13:38] {Threei} my conscience is clear when I take their money

[13:39] {strider} I call it the " buy a stock, wait till it goes down, and sell it" technique. I've done a bit of that in the past.

[13:40] {strider} The problem of course, is folks who try to derive passive income from stock investments...........

[13:41] {strider} They're given this bullshit advice that "over the long term" the market will go up.

[13:41] {strider} If you're 15 years old, that probably works.

[13:42] {strider} If you're 60, it's ridiculous.'

[13:42] {Threei} it works under 3 conditions:

[13:43] {Threei} 1. you are invested in index itself, not in underlying companies, otherwise you may becomne a victim of index reshuffling

[13:43] {Threei} 2. you get lucky enough to make most of your investements at the low of the cycle and come to an age of withdrawal near the top of the cycle

[13:44] {Threei} 3. Inflation is not too rampant during your investmnent sycle

[13:44] {Threei} cycle

[13:45] {strider} Or......one can aspire to be like dino.............

[13:45] {strider} a vampire.

[13:46] {strider} young or old, it makes no difference.......an equal opportunity blood-sucker.

[13:46] {larisa} dino takes stocks that already out of blood :)

[13:46] {strider} God, I hate myself.

[13:46] {strider} That's true, larisa.

[13:46] {strider} But he assures me he shorts also.......just haven't seen much of it yet.

[13:47] {dino} hmmmm

[13:47] {larisa} lol

[13:47] {dino} i short a lot, just lately buying dips has worked

[13:47] {strider} YOu want to buy my ex-broker? He's a dip.

[13:47] {dino} lol

[13:49] {Threei} lol

[14:07] {ese} .

[14:07] {Threei} surfing through scanner alerts, sometimes you see real weirdos

[14:07] {ese} i'm watchin man Wwwwwwwatchin

[14:07] {Threei} how about DEAR

[14:08] {Threei} reminds me a stock that existed in late 90s, symbol DURA

[14:08] {Threei} russians loved it

[14:09] {Threei} means "she-foll" in russia

[14:09] {Threei} she-fool

[14:10] {strider} I didn't think there were any of those.

[14:14] {Les} s TGT .14

[14:15] {ilana} K went through 2 days high

[14:22] {Les} stopped tgt

[14:30] {strider} cover FCX +.18......and I'm done for the day.

[14:30] {Threei} today would be a total nightmare for a live trading on some seminar

[14:30] {Threei} nothing happening for hours

[14:32] {magoo} whats your ratio today vad?

[14:32] {Threei} why don't you ask about yeasterday?

[14:33] {Threei} yesterday was 6 out of 7

[14:33] {Threei} let's talk about that

[14:33] {Threei} lol

[14:33] {Threei} I think 2 or 3 out 5 today, not sure

[14:33] {Threei} yesterday';s calls were defined better

[14:34] {Threei} today is much more vague

[14:36] {Les} bhi Vad? .95 b/d?

[14:36] {Threei} coin toss

[14:36] {strider} trev, dcc

[14:38] {ese} I'm off to administer my own exam soooooooooo we'll catch you on the flip side ehhhhhh!

[14:39] {Les} ciao ese

[14:39] {Les} lay of the M&M's will ya!

[14:39] {Les} off

[14:42] {Les} BHI backtested 48 resistance vad

[14:47] {Les} that's enough pain for one day. c u's tomorrow

[14:47] {larisa} bye les

[14:47] {ilana} c u Les

[14:47] {strider} take care, les.

[14:52] {larisa} we can finish in red today

[14:53] {Threei} well, 60 points in green

[14:53] {Threei} nothing really

[14:54] {Threei} would take just one determined push to plunge us bel,ow zero

[14:54] {larisa} i want red

[14:54] {Threei} green is not a good mnatch for your eye color?

06[14:55] * Threei ducks

[14:55] {nemo} I wonder if this thing meanders into the fomc tomorrow

[14:56] {dino} yes imo

[14:57] {ilana} VAR doesn't stop

[14:58] {larisa} today you can have any eye color you want vad.. any length of hair, nails.. ets.. girls can match anything to everything :)

[14:59] {Threei} hmmm

[14:59] {strider} Vad, is there something you want to tell us?

[14:59] {nemo} He's practicing self discipline

[14:59] {Threei} why then am I told by them, girls, that I am impossible to match with anything and must be discarded...

[15:03] {fernp} VAR 50 break

[15:03] {fernp} under .90 stop

[15:09] {fernp} FAZ .70 break

[15:12] {fernp} FAZ 1:1

[15:13] {larisa} X will test lows

[15:15] {fernp} VAR holding well on highs and SPY falling

[15:17] {ilana} 50 is a 4 days high, has to break it

[15:18] {dino} cbpo just about filled gap

[15:20] {nemo} look at offer at .40 on x

[15:23] {nemo} spy almost red

[15:31] {Threei} (US) Senate Banking Committee schedules hearing with White House Advisor Volker on financial regulatory proposals

[15:31] {Threei} - Committee would like to schedule a second hearing with Treasury officials on the proposals.

[15:31] {Threei} ***Reminder: Last week the Administration launched a proposal to place restrictions on the proprietary trading done by commercial banks, including many ideas supported by former Fed Chairman Volker.

[15:32] {larisa} wow, AIG breakdown missed

[15:32] {billyc} gn all

[15:32] {Threei} big one too

[15:32] {Threei} take care billy

[15:32] {larisa} was narow all day, forgot about it

[15:33] {nemo} without appl and vmware, QQQQs would be down

[15:34] {fernp} no go VAR

[15:36] {strider} Anybody want to go clean my gutters for me?

[15:36] {strider} Didn't think so.

[15:36] {nemo} too far of a commute

[15:36] {magoo} i have to go..c u tomorrow

[15:36] {strider} ran magoo off.

[15:37] {fernp} bye magoo

[15:37] {strider} They're full of leaves....but it's from the big Dollar tree in my front yard.

[15:37] {larisa} in January full of leaves? :)

[15:38] {Threei} taje care mags

[15:38] {Threei} AIG looks like another leg down is coming

[15:39] {Threei} came actually as I typed

[15:39] {strider} OK...so I'm not the most prompt in cleaning gutters.

[15:39] {nemo} strider...

[15:39] {Threei} started typing when it was .44... found it at .30 when hit enter

[15:40] {strider} OK......no suckers. See you all tomorrow.

[15:40] {larisa} bye :)

[15:40] {Threei} take care strider

[15:40] {nemo} don't let the monitor hit you on the way out

[15:41] {strider} no lizards in these parts.

06[15:41] * nemo slaps strider around a bit with a large gecko

[15:41] {strider} this time of year, anyway.

[15:41] {Threei} nice drop AIG

[15:41] {strider} bu-bye

[15:41] {Threei} no real trigger to a trade unfirtunately

[15:42] {larisa} too late in the day, was afraid to play X bounce, same with AIG

[15:43] {Threei} bounce I wouldn't touch either

[15:43] {Threei} continuastion of downtrend yes

[15:44] {larisa} off 49.70 got very nice signal on X 15.35. AIG off 24.10 was temting too

[15:44] {dino} what happened, obama open his mouth again?

[15:45] {larisa} no dino, i wanted red

[15:45] {dino} i must pay etter attention

[15:45] {dino} better

[15:45] {larisa} :)

[15:47] {dino} 142 area gap on gs feels like magnet

[15:49] {dino} cbpo filled

[15:53] {Les} I see that everything fell like a ton of bricks after I left

[15:54] {Les} any calls made in the last hour?

[15:54] {larisa} we missed AIG because of you

[15:54] {Threei} yes

[15:55] {Threei} Reportedly Congressmen Markey (D-MA) and Van Hollen (D-MD) propose bill to recoup oil royalties from govt lease programs

[15:56] {Les} aah I was watching the Simpsons. Seeing stupidity personified as Homer Simpson made me feel a bit less stupid after today's trading

[15:57] {Les} Today was the worst day in the 3 and a half months I've been here.

[15:57] {dino} get over it les, tomorrows' a new start

[15:57] {larisa} too many stops?

[15:57] {Les} I understand your pithy logo vad...

[15:57] {Les} don't frickin think

[15:57] {Les} no lari, I though the market was going down from the opening

[15:58] {Les} and I paid big time for that thinking

[15:58] {Threei} and up it went

[15:58] {dino} good trading is not about being right, it's about trading right. we all have bad days

[15:58] {Threei} main question to ask yourself Les:

[15:58] {nemo} x finishing at the low

[15:58] {Threei} why, whatever your thinkiing was, have you traded against the market?

[15:58] {Threei} I mean, think whatever you want,

[15:59] {Threei} but execute trades withb the setups and with market

[16:00] {Threei} and most of all:

[16:00] {Threei} KEEP YOUR STOPS

[16:00] {Les} yeh

[16:00] {fernp} Good evening everybody. See you all tomorrow

[16:00] {larisa} bye all

[16:00] {Threei} thank you all

[16:01] {Les} night all

[16:01] {Threei} have a good evening

[16:01] {Threei} see you tomorrow

[16:01] {nemo} c ya

[16:08] {dino} sanm

[16:13] {dino} gn

[16:13] {nemo} cya

Jan 25 2010

Very nice start to the day after a week in the Bahamas. Longs ENER, UAUA, FITB, RIMM, LVS all worked nicely with just one 10 cents stop on MYGN short.

Session Time: Mon Jan 25 00:00:00 2010

[07:20] {ese} am definitely here early......
[07:21] {ese} couldn't sleep
[07:37] {ese} anxiously awaiting the king or queens....ahhhhhhhhhh i mean vads arrival
[07:38] {strider} oh, we have a new trial member?
[07:38] {ese} whos that?
[07:38] {strider} vad
[07:38] {ese} and morning by the way st
[07:39] {ese} rotflol
[07:39] {strider} morning.....you're up early.
[07:39] {ese} ya.....can't sleep....too much crap going on at school......not with me...just events around me but they spill right on to you though
[07:40] {ese} has taken a good amount of my focus on trading away for January
[07:41] {strider} what sort of school do you teach at?
[07:42] {ese} High School....this is my program http://www.sd61.bc.ca/vichigh/band/
[07:42] {ese} thats us opening up for The Temptations a year ago
[07:45] {strider} wow. That's neat.
[07:45] {strider} Excellent music choices.
[07:46] {ese} tks....I also run a professional version of that as well /am an extra in the percussion section with the Victoria Symphony and a session musician as well....keeps me off the streets
[07:47] {ese} and with vads help....am working my way into full time trading
[07:49] {strider} Ah yes......trading. A very unforgiving pastime.
[07:50] {ese} very
[07:50] {strider} If I just had a "don't do anything stupid" button on my computer.................
[07:53] {ese} i've got one of those now.......for the first 5/6 years wasn't there......then all of a sudden it just appeared......tends to disappear once and a while though
[08:26] {nemo} sold joyg overnight hold +.76
[08:27] {strider} wtg, nemo.......took some guts to hold overnight from Friday.
[08:27] {ese} dude!!!!!!!! nice one
[08:31] {Threei} KERX Reports Statistically Significant Benefit in Survival from Updated Results of a Randomized, Double-Blind, Placebo-Controlled Phase 2 Study of KRX-0401 (Perifosine) in the Treatment of Advanced Metastatic Colon Cancer (2.74, 0.00, 0.00%)
[08:31] {Threei} Good morning everyone
[08:31] {strider} who are you?
[08:31] {Threei} I am but a humble passerby
[08:32] {ese} VVVVVVAAAAADDDDDD!!!!!!!! welcome back
[08:32] {strider} Welcome, pilgrim.
[08:32] {Threei} thanks guys, good to be back
[08:33] {Threei} how did you do?
[08:34] {ese} very well thank you
[08:36] {strider} A balanced week here. two up, two down.
[08:36] {strider} I strive for balance.
[08:36] {strider} How did your week go?
[08:37] {ese} indeed how was your week and your lectures
[08:37] {strider} med
[08:37] {Threei} it was fantastic
[08:38] {Threei} let me show you brief description I posted on the blog of the company organizing the conference
[08:38] {Threei} http://caracommunity.com/content/jan-23-2010-notes-china-shanghai-fly#comment-55893
[08:43] {strider} Cool, vad. Glad the trading went well......that must produce some anxiety.
[08:43] {ese} nice........
[08:45] {Les} Hey Vad!
[08:45] {Les} nice to see a responsible adult back in the room
[08:46] {Les} Nemo was busting our chops non stop...
[08:46] {nemo} oh please...
[08:46] {Threei} hi Les
[08:47] {Threei} not really strider
[08:47] {Threei} kind of:
[08:47] {Les} 1st green week last week. not only that, but averaged $100 daily profit target every day
[08:47] {nemo} experienced adult is more like it
[08:47] {Threei} I do it every day, and thanks to the room/log being published I do it in publis eye anyway
[08:48] {Threei} this is fantastic Les, congratulatiuons!
[08:48] {Les} actually not true. friday screwed me up, but tue thru thurs was enough to compensate
[08:49] {Threei} main concern with live trading like this is a boring day with nothing to trade
[08:49] {Threei} the rest I can handle well, even if market is not cooperating,
[08:49] {Threei} just show the [princip[le of stop placement and iron discvipline
[08:50] {Les} how many people sitting in on your course?
[08:50] {Threei} but if you run into situation when no trades are around, and you have a lot of eyes... that's nasty
[08:50] {Threei} a few dozens
[08:50] {Threei} IMMU
[08:51] {Threei} Immunomedics Inc New Targeted Therapy for Pancreatic Cancer Presented at Cancer Conference (update)
[08:51] {Threei} - 27 patients enrolled, 22 patients were evaluable and 68% of these evaluable patients showed evidence of tumor shrinkage or stable disease (SD), with one-third of these being assessed by computed tomography (CT) as partial responses (PRs) (i.e., responses showing decreases in tumor size of more than 30% and in the absence of new lesions).
[08:58] {nemo} hi lari :)
[09:01] {ese} got a plan for either of those 2 vad kerx immu
[09:01] {larisa} gm :)
[09:01] {Les} hi larisa
[09:01] {ese} laris
[09:02] {strider} larisa's back:)
[09:03] {Threei} larisa :)
[09:04] {larisa} hi guys :)
[09:05] {fernp} Good morning everybody
[09:05] {Threei} fern :)
[09:05] {Threei} IMMU, I doubt it, ese
[09:06] {Threei} KERX, keeping an eye
[09:06] {ese} ya me too
[09:12] {Threei} well
[09:12] {Threei} KERX tries to form 3 - 3.10
[09:12] {Threei} hard to twell how reliable premarket formations are, as always
[09:13] {nemo} yeah, but they seem more reliable the more volume
[09:13] {nemo} dino's rorschach tests are harder to judge
[09:13] {Threei} lol
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {ese} deeeeeee no
[09:15] {dino} welcome back 3i
[09:15] {Threei} thank you
[09:16] {dino} filled a lot of lower gaps last week
[09:16] {Threei} check out first shots, http://www.realitytrader.com/photography
[09:16] {ese} yup...alll is right with the world ..your hangin...vads back....nemos introspective......everythings fine.....wheres mags though
[09:16] {Threei} really
[09:16] {Threei} slacker
[09:16] {nemo} server not working vad
[09:16] {Threei} wtf
[09:16] {Threei} woks for some
[09:17] {Threei} not for others
[09:17] {Threei} try http://realitytrader.com/photography
[09:20] {nemo} nope...can't find server
[09:20] {Les} no server here
[09:21] {Threei} try http://realitytrader.com/
[09:21] {Les} nope
[09:21] {fernp} website is down
[09:21] {nemo} nope
[09:21] {Threei} sigh
[09:21] {strider} welcome back to the real world, vad.
[09:21] {Les} happily google keeps page cache
[09:21] {nemo} doesn't matter if you want to look at pages that aren't cached
[09:22] {Les} no, but could find link to get into this chat room with cached page
[09:22] {Les} GLD .55 b/d
[09:22] {Threei} works fine from here...
[09:23] {Threei} some dns propagation issue
[09:23] {strider} not from here.
[09:23] {Threei} ese, does it work for you?
[09:23] {fernp} yes, is a DNS problem
[09:23] {ese} all my stuff is working
[09:23] {Threei} hmmm
[09:24] {Threei} nice to know
[09:24] {ese} which is odd
[09:24] {Threei} but does realitytrader work for you?? :)
[09:25] {larisa} did not work here, tried without www, works now with www and without :)
[09:25] {Threei} it's all in propagation, I am telling you
[09:28] {nemo} double top on Kerx
[09:28] {Threei} touched on 1:1, 1 cent shy
[09:33] {Threei} Long Setup: ENER .32 break if stays above .25
[09:35] {Threei} UAUA
[09:35] {lasertrev} morning
[09:35] {Threei} want long on a pullback
[09:35] {Threei} trev :)
[09:35] {Threei} ENER 1:1
[09:36] {fernp} ty Vad
[09:36] {Threei} welcome sir
[09:36] {lasertrev} thought u decided to stay in the carib. and took your site with you Vad. lol
[09:36] {Threei} lol
[09:37] {Les} nice winning to begin the week. ty sir
[09:37] {Threei} welcome
[09:37] {Threei} ugh, UAUA too fast
[09:37] {Threei} OK, better
[09:37] {Threei} .60 break long
[09:38] {nemo} too fast
[09:38] {Threei} 1:1
[09:38] {Threei} lol
[09:38] {Les} kerx lod b/d?
[09:38] {Threei} no chasing
[09:38] {fernp} too fast here
[09:38] {Threei} if you missed you missed
[09:38] {nemo} that .58 to .65
[09:39] {Threei} nah, just let it be... KERX turns into torture stock
[09:39] {Threei} UAUA turns into teleportation
[09:40] {Les} rimm weak consolidation after initial selloff
[09:41] {Threei} ACOR nice momo
[09:41] {Threei} to jumpy to call
[09:44] {Threei} interesting strength CNXT
[09:44] {Threei} US) Preview: Dec Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 5.90Me v 6.54M prior (-9.8% m/m)
[09:45] {Threei} did you see this on ACOR just now?
[09:47] {fernp} LVS, Vad? .65 break?
[09:47] {Threei} I like it, but .60 break is even better
[09:47] {Threei} aggressive
[09:48] {Threei} or .62
[09:48] {Threei} huge offer
[09:48] {nemo} yeah .62
[09:48] {nemo} iios
[09:48] {nemo} oops
[09:49] {fernp} stop under .55?
[09:49] {Threei} for scalpers
[09:49] {Threei} under .50 for a day trade
[09:49] {fernp} ty. i am out here
[09:51] {Threei} CNXT looks determined
[09:51] {Threei} I keep wasiting for pullback which doesn't come
[09:51] {ese} l cnxt .01
[09:51] {Threei} .90 break was a trigger on intraday
[09:52] {Threei} .01 is a bit too high...
[09:52] {Les} thanks fern out lvs +.07
[09:53] {Threei} 1:1 for .50 stop and .60 break
[09:53] {ese} out .04 +.03
[09:55] {Threei} 120K of little buggers?
[09:55] {ese} looks like more in at .00 so +.04
[09:55] {Threei} FITB
[09:56] {dino} intc l .25
[09:57] {ese} 12k vad
[09:58] {ese} good enough....
[09:58] {ese} spread was good T&S moving with right momentum classic
[09:59] {strider} esisting home sales coming
[10:01] {Threei} US) DEC EXISTING HOME SALES: 5.45M V 5.9ME (-16.7% M/M)
[10:02] {ese} no commision either i'm in the free trades category based on the number o trades i've made this month.....kinda like free range chicken.....
[10:03] {ese} trading whatever i like with no cost
06[10:03] * nemo slaps ese around a bit with a large hen
[10:03] {ese} yukm
[10:03] {ese} yum
[10:03] {Les} you mean you're tastier when roasted ese?
[10:03] {strider} having trouble accessing other websites this morning.
[10:03] {strider} in addition to RT
[10:03] {strider} maybe all the rain.
[10:04] {ese} yes indeed
[10:04] {ese} les
[10:05] {dino} boh sm l .39
[10:05] {billyc} gm all happy monday
[10:06] {ese} billy
[10:06] {strider} wonder what's up with AMZN?
[10:07] {larisa} earnings coming 28th i think
[10:07] {nemo} market just broke support
[10:07] {Threei} billy :)
[10:07] {Les} hi billy
[10:09] {Threei} Long Setup: FITB .45 if holding .40
[10:10] {dino} boh stopped -.33
[10:10] {Threei} .40 break if holding .35
[10:10] {Threei} .35 break if holding .30
[10:10] {nemo} .32 support
[10:10] {Threei} usual bottom-hunting routine
[10:15] {Threei} US Supreme Court rules to limit NYC suit against tobacco companies
[10:15] {Threei} - in 5-3 vote the Supreme Court threw out the city's claim that it could sue tobacco companies
[10:15] {Threei} under racketeering laws for selling cigarettes online at a discount and thus avoiding millions of dollars in taxes.
[10:15] {Threei} FITB 1:1
[10:16] {Les} half out
[10:17] {Les} other half out flat
[10:17] {Threei} and stop to .34?
[10:17] {Threei} hmmm
[10:17] {Threei} flat?
[10:17] {dino} fdx sm l .22
[10:17] {Les} late entry
[10:17] {Threei} where did you enter?
[10:17] {Les} .38
[10:18] {Threei} 1:2
[10:18] {Les} 1k. treated it as type 1
[10:18] {Threei} here is discrepancy in this approach:
[10:18] {Threei} type I requires very precise execution as you have very littlwe room,
[10:19] {Threei} 5 cents stop, buying 3 cents hogher you have way too big % of deviation
[10:19] {Threei} so,
[10:19] {Threei} eoither you treat it as type 2,
[10:19] {Threei} or you enter at your trigger
[10:20] {Threei} 1:3
[10:20] {Threei} see my logicZ?
[10:20] {Les} y
[10:20] {Threei} 1:4
[10:20] {Threei} if you miss it, wait to see if it comes back
[10:20] {Les} there is my fault
[10:20] {Threei} try to angle it as conservative entry
[10:20] {Les} wanting to get on the bandwagon
[10:21] {Threei} yeah, take it easier on a "missed" sidfe
[10:21] {Threei} it's gone - so be it, next bus is around the corner
[10:21] {Les} yeh
[10:21] {strider} vix at 25ish......hod near 28
[10:21] {dino} rino sm l .75
[10:22] {strider} sorry...28 was from friday.
[10:22] {ese} Lcien .91
[10:22] {Threei} when you weed out those tradesd where you chase your entry, you'll sdee nice improvemnent on overall performance
[10:22] {Les} yes, am repeating mistakes recognised from friday
[10:23] {Les} when market was bouncing like this
[10:23] {ese} stop .84
[10:27] {ese} out cien .97 +.06
[10:27] {fernp} IVAN if breaks 3.00? What do u think, Vad?
[10:28] {ese} cien could reach for the sky next couple of days....just seems like it's itching to go up.....been a cash cow for me for the last week
[10:30] {Threei} IVAN requires momo fern
[10:30] {fernp} ok. ty
[10:30] {Threei} otherwise this one will torture you for untold centuries
[10:31] {Threei} I'd avoid it at no-momo-times
[10:31] {Threei} US) JAN DALLAS FED MANUFACTURING ACTIVITY INDEX: 8.3 % V 6.0%E
[10:31] {fernp} i understand. ty Vad
[10:32] {strider} short HOG .62
[10:32] {nemo} support at .50
[10:33] {strider} don't see it .. where?
[10:33] {nemo} 3:30 on Friday
[10:33] {strider} gotcha.
[10:33] {strider} thx
[10:34] {fernp} BAC on lows
[10:34] {nemo} np
[10:37] {Threei} unclear moment in the market
[10:38] {Threei} we are at 100% so far, don't want to push too much right now
[10:38] {Threei} waiting for a clearer setup
[10:38] {nemo} plus...it's lunchtime in the middle of the atlantic
[10:39] {Les} that would mean its 11 oclock drinkies over your way...
[10:40] {nemo} no...recovering from watching seven hours of football yesterday
[10:40] {Threei} ok, while it's quiet
[10:40] {Threei} tyhere is something about me and boats... seems being on them increases my drinking capacity
[10:40] {Threei} just as last time in Nassau,
[10:41] {nemo} I can vouch for that
[10:41] {Threei} it turned out this time that having a glass of rum in one hand, glass of bahama-mama in another and using latter to wash down the former
[10:41] {Threei} creates a hell of a pasrty very quickly
[10:41] {Les} fas at support. watching b/d for WFC short .20
[10:42] {larisa} if you remember it so clear, you did not have enough :)
[10:42] {dino} lol
[10:43] {Les} is that why you have head in your hand in the photo you published?
[10:43] {Les} you don't look very chirpy
[10:43] {Threei} it just was to early to be fully awaken
[10:43] {strider} cover HOG +.06........forming dbl bottom
[10:44] {Threei} I do remember that I decisiveli declined invitation to scale the climbing wall
[10:44] {Threei} so I guess some degree of self-control was there
[10:45] {Les} note to self - vad is not a masochist
[10:46] {Threei} not at all
[10:46] {nemo} why'd you get married then?
[10:46] {Threei} my motto is - no pain? good!
[10:46] {Threei} I was young and stupid
[10:46] {strider} haha
[10:46] {Les} well you won't be any fun on a pub crawl
[10:47] {strider} I guess you won't be participating in any beer runs, soon?
[10:47] {strider} Used to be in running club.......
[10:47] {strider} couple of times we had a 10kilometer race.......
[10:48] {strider} had to stop at each mile and drink a beer.
[10:48] {fernp} FAZ vad?
[10:48] {Threei} hash runners
[10:48] {Threei} not my thing
[10:48] {nemo} in college we used to play backgammon for shots
[10:48] {Threei} strider, you got a good one there it seems
[10:48] {nemo} loser had to drink as many chips as he had left on the board
[10:48] {Threei} on HOG
[10:49] {Threei} no fern
[10:49] {Threei} not my type of trade
[10:49] {strider} well....took +.06 because of the dbl bottrom formation. :(
[10:49] {Threei} pullback intp .40 is where I'd get interested
[10:49] {strider} still hasn't really gone anywhere from my .62 entry.
[10:51] {Les} now finance.yahoo.com is down
[10:53] {strider} I've got it here, les.
[10:53] {Threei} looks like a lot of problems on diff routes
[10:53] {ese} still waitin on kerx......have bstop on cien at .01
[10:53] {Threei} many sites work for some parts of the world while not for others
[10:53] {strider} probably some servers on east coast are having problems. I saw it some last night as well. Big time rain here.
[10:54] {Les} someone cut a main network route again...
[10:54] {strider} if not servers, actual lines........connections can get wet.
[10:54] {dino} here too
[10:55] {billyc} Trevor i need to talk to you about laser can we chat privately?
[10:55] {lasertrev} np
[10:56] {nemo} right click on his name billc and choose "DCC"
[10:57] {billyc} do not see DCC when i right click on lasertrev
[10:58] {lasertrev} billy, click on my name at the top of this screen.
[10:58] {nemo} you in mibbet or mirc?
[10:58] {billyc} mibbet
[10:58] {lasertrev} mibbit
[10:58] {nemo} oh...sorry, that was for mirc
[10:59] {Les} another airplane down. ethiopian, taking off from Lebanon
[10:59] {Threei} billy, just dpoubleclick on his name
[10:59] {Threei} not a right click
[10:59] {dino} out intc .42, +.17
[11:00] {Threei} new window will appear for private cvonversation
[11:00] {strider} aig
[11:01] {ese} ok....my quotes are now buggared
[11:01] {Threei} looks tempting for a short
[11:01] {Threei} daily too
[11:01] {strider} aggressive?
[11:01] {ese} whats goin on
[11:02] {Threei} let's try to find setup with .05 trigger strider,
[11:02] {Threei} and if it bounces too high invalidating that one, wer will look for aggressive
[11:02] {strider} in partial at .15
[11:02] {ese} showing the 26th on the daily chart......hmmmmmm
[11:03] {dino} fdx stopped
[11:04] {fernp} .05 break short w/stop above .15 is the play, no?
[11:04] {ese} bstop pulled for cien.......don't know what the H is going on
[11:05] {nemo} mmmmhhhh....good reason to be in a trade
[11:05] {Threei} yes fern
[11:05] {Threei} EU) Chief of Foreign Policy Baroness Catherine Ashton: EU has begun to consider further measures against Iran due to lack of progress on nuclear issue
[11:05] {lasertrev} billy, I sent you a email.
[11:07] {nemo} oh, oh
[11:07] {billyc} i got it call me and send the link for the laser demo thanks
[11:07] {fernp} qqqq falling hard
[11:07] {nemo} everything falling hard, except aig
[11:08] {fernp} lol
[11:08] {strider} you noticed:)
[11:09] {nemo} strider, you're like that guy at the dog track in that movie
[11:09] {strider} could you be a little less specific?
[11:09] {larisa} lol
[11:09] {Threei} lol
[11:09] {nemo} can't remember
[11:09] {fernp} lol
[11:09] {nemo} Robert Deniro, the kid, Chaz Palmentieri
[11:09] {Threei} so use AIG as a fade
[11:10] {Threei} or just drop it
[11:10] {strider} I'll hold for .20 stop .05 risk.
[11:11] {Threei} eith your entry yes, it's the most sensible approach
[11:11] {ese} ok quotes are back but charts are buggared
[11:12] {nemo} A Bronx Tale
[11:12] {ese} am already past 4pm on my 1min chrt....those little dashes go quick
[11:15] {ese} wow....heres a heads up for you all......cien is already up for tuesday the 26th......talk about inside information
[11:25] {strider} aig
[11:27] {Threei} still there, lol
[11:28] {Threei} so is FAZ
[11:28] {Threei} so is market
[11:28] {Threei} teasing phase
[11:28] {Threei} market pretends to set ups something, only to snap back immediately
[11:28] {Les} yeh that shot me to hell Friday.
[11:28] {Les} some serious overtrading
[11:29] {Les} and a big hole was dug
[11:35] {Threei} AIG starts workjing for you strider
[11:36] {strider} yeah..I'm out +.12
[11:36] {strider} in the nick of time.
[11:37] {dino} going for open gap fills
[11:37] {dino} or does 1080 gap come into play
[11:37] {strider} LYV
[11:38] {strider} where is magoo?
[11:39] {dino} he is working on his taxes
[11:40] {Threei} sheesh
[11:40] {Threei} tell him to stop paying them
[11:40] {dino} lyv merger
[11:41] {dino} tktm off of lyv
[11:49] {Les} rimm .35 b/d
[11:49] {Les} .30
[11:49] {Les} stop large. small shares
[11:49] {nemo} that's looking more like a DB les
[11:50] {Threei} chart looks right but volume gives no indication
[11:50] {Threei} just steady stream...
[11:50] {Threei} can't tell one way or another
[11:50] {Les} y, but lots of overhead resistance. will watch it
[11:51] {Threei} I would feel better about long side, if consolidates a little, then breaks .50
[11:51] {Threei} with market help of course
[11:51] {nemo} starting to get increasing volume trend
[11:51] {Les} yeh. market playing pinball at the moment
[11:52] {nemo} lunchtime
[11:52] {Threei} eqzaktly
[11:52] {Les} time for a drink then
[11:53] {dino} snda sm l .07
[11:57] {Threei} (US) Treasury's Wolin: New bank regulations are not a return to Glass-Steagall; size and scope of the rules could cover foreign banks
[11:57] {Threei} - New rules will include a "transition period."
[11:57] {Threei} - Will not replace existing deposit caps
[11:57] {Threei} - Plan is aimed at limiting future growth of financial firms.
[11:58] {strider} that could affect ese.
[11:58] {Threei} guess who is on tv
[11:59] {nemo} Paula Patton?
[12:00] {dino} howard roake
[12:00] {nemo} on the next book, huh?
[12:00] {strider} Brangelina?
[12:00] {dino} lol
[12:00] {dino} yes
[12:01] {nemo} what's the little twirp's name at the newspaper?
[12:01] {Les} Jean Seberg?
[12:01] {dino} tooley?
[12:01] {dino} elsworth
[12:01] {nemo} yeah...
[12:04] {Threei} US Pres Obama formally announces limits on student loan payments
[12:04] {Threei} - Also proposes automatic workplace IRAs to generate retirement savings.
[12:04] {Threei} - Note: A NYT report yesterday said it could be among the President's proposals aimed at helping the middle class. The article reports that "a cap on federal loan payments for recent college graduates at 10% of income above a basic living allowance, would cost taxpayers roughly $1 billion.
[12:06] {nemo} that student loan program is going to turn into another mortgage fiasco
[12:07] {Les} PM miners at lod's. AUY, GG, SLW
[12:07] {dino} no kidding
[12:07] {Threei} RIMM solidly above 1:1
[12:08] {Threei} feel free to exit who took it
[12:08] {nemo} I missed that call
[12:08] {Threei} [11:51] {Threei} I would feel better about long side, if consolidates a little, then breaks .50
[12:08] {Threei} [11:51] {Threei} with market help of course
[12:08] {Threei} musings rather than call
[12:09] {nemo} oh yeah...duh...I was thinking long side on it too...moth brain
[12:12] {ilana} also www.orbitz.com is helpful
[12:12] {nemo} ?
[12:13] {ilana} for booking a flight
[12:13] {ilana} nevermind
[12:14] {Les} Vad, SLW consolidating for a .55 b/d?
[12:14] {Les} market going north though
[12:20] {nemo} 5.0 earthquake in alaska
[12:20] {nemo} lotta' that going on lately
[12:20] {nemo} 2012
[12:21] {nemo} joyg
[12:22] {Threei} don't know Les
[12:22] {Threei} just not a good time for continuatiuon setups
[12:22] {Threei} or reversal setups
[12:22] {Threei} or any setups
[12:23] {nemo} I was going to say...continuation or reversal, what else is there?
[12:24] {dino} sm l itri .01
[12:25] {dino} nemo, don't hold back, say it
[12:25] {nemo} you mean the "rorschach" test :)?
[12:25] {dino} 12:23
[12:26] {nemo} btw..."watchmen" was a really good movie
[12:26] {nemo} oh, no, that was a reply to vad.
[12:30] {Les} just finished watching Enron: smartest guys in the room
[12:30] {Les} talk about foxes guarding the hen house these last ten years
[12:31] {dino} makes me think of den of thieves and liars poker books
[12:33] {Les} not helped by this dummy judge who asserted that restricting contributions is a freedom of speech violation
[12:34] {Les} big money contributions
[12:36] {Les} l slw .55. .50 stop
[12:42] {fernp} TD on highs ignoring the market
[12:42] {Les} FAS powering along fern
[12:55] {Les} out slw +.04
[12:55] {Threei} why not
[12:55] {Threei} better than poke in the eye
[12:56] {Les} low target for daily profit. 5 bucks short for the day now
[12:58] {dino} gj
[13:00] {Les} ty dino. U got any bottom dwellers that interest you right now?
[13:05] {dino} most things are just stuck
[13:06] {dino} out snda ave .46, +.39
[13:09] {Threei} wtg
[13:11] {Threei} Short Setup: MYGN .20 break
[13:12] {dino} thx
[13:15] {fernp} stop .26?
[13:16] {Threei} for a pesky scalper
[13:16] {Threei} otherwise .30
[13:16] {fernp} ok ty
[13:17] {strider} setting on S3 support, .20
[13:17] {nemo} yep
[13:23] {Threei} RMBS Hearing Broadpoint making cautious comments on likelihood Micron would settle (timing uncertain)
[13:23] {Threei} - Broadpoint does not see Micron settling lawsuit with Rambus like Samsung had (24.49, -0.25, -1.01%) (related MU )
[13:32] {dino} cut snda bit too soon
[13:36] {Threei} AIG turned out to be a spectacular short eh?
[13:37] {fernp} true
[13:43] {Les} crap. hope MYGN is still valid. short .19
[13:43] {nemo} tighter stop even
[13:44] {Les} seen ty
[13:45] {Les} WFC b/o
[13:50] {fernp} LVS 16 break?
[13:50] {Threei} sure
[13:51] {fernp} with stop under .90
[13:51] {Threei} questionable time of the day but heck, if you don't take this kind of setups what do you trade at all
[13:52] {fernp} sure :-)
[13:53] {fernp} stopped MYGN
[13:55] {Threei} TKTM...
[13:55] {Threei} has this "non-stop" feel to it
[13:59] {Threei} and what do you know... stopping it isn't
[14:01] {patience} .
[14:03] {strider} stop mygn
[14:07] {Les} ditto
[14:09] {Threei} LVS slowly works
[14:10] {strider} AIG recovering
[14:10] {fernp} yeah sold half, and raise my stop to under .95
[14:11] {Threei} AIG S&P lowers corp credit rating on AIG's ILFC unit to BBB- from BBB+
[14:11] {Threei} - Intl Lease Finance's senior debt rating cut to junk, BB+ from BBB+ (25.68, -0.82, -3.09%)
[14:12] {fernp} yo no
[14:12] {fernp} opps. wrong window
[14:12] {ilana} AMZN is down today big time
[14:13] {strider} hi ilana.
[14:13] {ilana} has all the way up to fill the gap?
[14:13] {ilana} hi :-)
[14:13] {strider} It fell 5 bucks Friday afternoon.
[14:13] {nemo} .57 cents
[14:13] {strider} very dramatic.
[14:13] {Les} l RIMM .76
[14:27] {fernp} out LVS .10
[14:27] {fernp} ty Vad
[14:27] {Threei} :)
[14:32] {ese} .
[14:32] {Threei} Update: Morgan Stanley moves Airlines Sector to Attractive from Cautious
[14:32] {ese} had to go and supervise my 1hour of an exam.......whats the scam ...hows it goin
[14:34] {fernp} realitytrader.com still down
[14:34] {i2romantis} i'm able to get to realitytrader.com
[14:35] {fernp} not here
[14:36] {fernp} cant resolve the IP. is a DNS problem
[14:36] {Threei} fern
[14:36] {Threei} try http://98.130.153.96
[14:37] {nemo} yeah, that works..
[14:37] {Les} I'm in
[14:37] {fernp} works perfectly. so is a DNS issue
[14:37] {nemo} no pictures showing up in the photo section
[14:37] {nemo} eh...reloaded...fine
[14:38] {Les} you might have a PR issue with this address Vad
[14:38] {strider} out LVS +.09, +.15
[14:38] {Threei} Les?
[14:38] {Les} not sure it's going to pull traders in with http9813015396
[14:38] {Les} doesnt sound like your old title
[14:38] {Les} realitytrader
06[14:38] * nemo slaps Les around a bit with a large apple II dual floppy pc
[14:39] {Les} might attract the thought police though
[14:40] {Threei} lol
[14:41] {strider} dual floppy? Show-off.
[14:41] {nemo} first pc I ever worked on ...visicalc
[14:41] {Les} I've heard of these computers
[14:47] {Threei} LVS over 1:2
[14:50] {Threei} nice move fern
[14:50] {fernp} :-)
[14:50] {Threei} shows the power of taking standard plays with no secondf guessing
[14:50] {fernp} good monday here
[14:50] {Threei} [13:51] {Threei} questionable time of the day but heck, if you don't take this kind of setups what do you trade at a
[14:50] {fernp} one stop, six winners
[14:51] {Threei} yup
[14:53] {Les} out RIMM +.02. going nowhere
[14:53] {ese} L cien .96
[14:53] {ese} sorry .98
[14:53] {dino} out itri .62, +.61
[14:54] {Les} gj
[14:55] {dino} thx
[14:55] {ese} as we take a look at that..........outstanding dino.....isn't that what they say in the army down there
[14:56] {fernp} gotta go. Good evening everybody. see you all tomorrow
[14:56] {nemo} so...does rimm break the wedge long???
[14:56] {Threei} take care fern
[14:56] {nemo} cya
[14:57] {ese} fern
[14:58] {Les} ciao fern
[14:59] {Les} watching the q' for another entry in RIMM nemo
[14:59] {Les} there you go. that's what happens when you second guess a trade
[15:00] {Les} RIMM 1:1
[15:00] {Les} how rude
[15:01] {dino} thx es
[15:13] {Les} MYGN long ..38 or .40 b/0?
[15:14] {dino} ohhhh mannnnnnnnnnnnnnnnn, reminds me of december afternoon market
[15:14] {nemo} market pulling back
[15:14] {dino} snda gives it back
[15:16] {Les} MS .02 b/d?
[15:17] {nemo} yeah, watch support at .98
[15:17] {Les} ta. missed the WFC b/d
[15:21] {Les} s ms .01
[15:27] {Threei} (US) USDA: China bans poultry imports from Texas and Pennsylvania, effective Jan 15
[15:27] {Threei} - No details on why the ban has been imposed.
[15:27] {Threei} - Earlier this month Japan banned poultry imports from Texas and Cuba banned Pennslyvania poultry shipments after reports of low pathogenic avain influenza in the two states.
[15:28] {Les} out ms +.08.
[15:29] {Les} profit target met for the day. C U's tomorrow
[15:29] {nemo} cat break of .15 long...look at the offer
[15:29] {nemo} although...
[15:30] {dino} china trade war is coming
[15:30] {nemo} yep
[15:32] {dino} meli, just about filled that nov gap this morning
[15:32] {nemo} out 1/2 .25 cat
[15:33] {dino} cya les
[15:35] {nemo} stop to .20
[15:36] {nemo} 1/4 more .34
[15:36] {nemo} poetry
[15:37] {nemo} stop .28
[15:39] {nemo} frickin' feline
[15:39] {nemo} stopped last 1/4
[15:41] {ese} gotta go see ya tomorow...still holding cien
[15:45] {Threei} take care ese
[15:50] {billyc} gn all
[15:52] {Threei} thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {nemo} gnite
[15:57] {dino} gn all