Feb 23 2010

Day started with nice TM short for 40 cents profit (which was in retrospect worth much more, dropped over a dollar). Then a few smallish stops ate into profit, leaving day closer to flat. Narrow range for the whole day starting from 10:30 or so hasn't left much room for plays.

Session Time: Tue Feb 23 00:00:00 2010

[08:19] {Threei} Senator Dodd may not release financial regulation this week -CNBC

[08:20] {Threei} I don't know how I am going to survive this week then

[08:20] {nemo} vodka

[08:20] {Threei} the only even if lsight chancer

[08:20] {nemo} ?

[08:20] {Threei} slight

[08:22] {Threei} **Note: On Feb 18th - (US) Aide to Senator Dodd Aide confirms intent to release financial reform overhaul bill next week

[08:22] {Threei} - Follow up: Banking committee members reportedly are evaluating removing ban on prop trading from the Volcker rule - unconfirmed report

[08:22] {Threei} **Also reminder: On 2/11 (US) Senators Dodd (D) and Corker (R) have agree to shelve Consumer Protection Agency legislation. The two Senators were working together on a bipartisan financial reform bill. CNBC now reports that part of that agreement was to shelve the CPA portion of the bill and address it after the rest of the bipartisan bill is crafted.

[08:22] {Threei} CNBC reporters speculate that this strategy is meant to attract moderate Republicans to vote for the reform bill.

[08:40] {fernp} Good morning everybody

[08:41] {Threei} fern :)

[08:44] {Threei} (EU) EU's Barroso: Should not compare EU deficits among members; All EU countries are moving towrads reducing deficits

[08:44] {Threei} lol

[08:47] {Les} so Dems and Reps agree to do nothing; Europe says nothing to it...hmmm

[08:47] {Les} morning :)

[08:47] {Threei} Les :)

[08:53] {Threei} Tuesday, February 23, 2010 8:41:54 AM

[08:53] {Threei} Preview: Q4 and Dec S&P/CaseShiller Home Price Index expected out at 09:00 ET

[08:53] {Threei} - Dec Composite-20 Y/Y: -3.1%e v -5.3% prior; Home Price Index: 146.3e v 146.3 prior

[09:00] {Threei} *(US) DEC SP/CASESHILLER-20 Y/Y: -3.1% V -3.1%E;

[09:00] {Threei} HOME PRICE INDEX: 136.31 V 146.3E

[09:00] {nemo} prices are up 10% yoy in Boston

[09:01] {Threei} JNPR Announces New Common Stock Repurchase Authorization of up to $1 Billion (27.21, 0.00, 0.00%)

[09:03] {Les} anything on your watch list Vad?

[09:04] {Threei} the usual

[09:09] {billyc} gm everyone

[09:09] {Threei} billy :)

[09:09] {strider} morning all.

[09:09] {Les} hey billy, strider

[09:09] {Threei} strider :)

[09:10] {nemo} haroo

[09:10] {strider} nemo, vad:)

[09:13] {Threei} US) Treasury spokesman: US Treasury remains committed to the Volcker rule

[09:14] {strider} TM seems to be shortable today on NAS

[09:14] {Threei} yes

[09:14] {_jfjf64} mornin all

[09:15] {Threei} jf :)

[09:15] {nemo} slb got premarket mojo

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:19] {lasertrev} gm

[09:19] {Threei} trev :)

[09:19] {nemo} lt

[09:19] {Threei} regarding TM, I still think this one has a lot of downside, and its troubles are very far from over,

[09:20] {Threei} but shorting roght into all these congress testimonials seems a bit too obvious

[09:21] {Les} X holding under 53. might be b/o candidate at opening

[09:22] {strider} might be a play in PALM today.

[09:23] {Les} XNPT had nice range yesterday.

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {nemo} dino you missed slb yesterday

[09:24] {nemo} you're kinda' action

[09:24] {Les} hey hey. we needed your extreme trading setups yesterday

[09:25] {larisa} gm all :)

[09:25] {Threei} larisa :)

[09:26] {larisa} vad :)

[09:26] {nemo} Mmmmhhhhh...both Dino and Lari off yesterday....veeeerrrry interesting

[09:27] {larisa} sigh

[09:28] {dino} daughter was sick, no school

[09:28] {nemo} X sitting on pre market lows

[09:28] {dino} she's in office w/me today. brb

[09:28] {Les} thats what makes trading great - flexibility

[09:29] {Threei} Amazon.com Inc BGC reiterates Sell rating, with "3 reasons to sell"

[09:29] {Threei} - Firm believes WMTs acquisition of Vudu is another indicator that WMT is ramping up its digital and ecommerce efforts. Firm notes that WMT created a new group in January called Global.com to oversee its entire ecommerce business including strategy and platforms. Firm expects these moves could increase competition and pricing for AMZN. Firm also points out that AMZN may increasingly seek to pursue dilutive acquisition including the possibility of acquiring NFLX.

[09:30] {Threei} PAKM sharp selling

[09:30] {Threei} PALM

[09:32] {ese} expd L .80

[09:32] {Threei} Short Setup: TM .60 break half lot

[09:33] {ese} out .92

[09:33] {ese} +.12

[09:33] {Threei} if stays under .75

[09:33] {_jfjf64} nice ese

[09:33] {ese} tks....quick

[09:33] {Threei} PALM

[09:33] {Threei} double bottom

[09:34] {Threei} .40 break long

[09:34] {Threei} if stays above .30

[09:34] {nemo} indices probably gonna pull back in a few cents

[09:35] {nemo} that was quick

[09:36] {Les} .30 b/d?

[09:36] {Threei} nah

[09:36] {Threei} just invalidation of long

[09:38] {Threei} RDN momo

[09:38] {nemo} big order .30 palm

[09:38] {Les} s xnpt .69

[09:38] {nemo} indices crapping out

[09:39] {Les} out +.09

[09:39] {nemo} palm holding .30

[09:39] {dino} gj les

[09:40] {_jfjf64} gs

[09:40] {Les} preparing for another possible dead day. taking the money now

[09:40] {ese} any penny dabblers here.....peix

[09:40] {ese} pullback...opinions

[09:41] {Threei} worth a try ese

[09:41] {Threei} I'd prefer it under .30

[09:41] {ese} was just thinkin that

[09:41] {ese} me also

[09:42] {ese} last support yesterday 2:30ish .30

[09:42] {Threei} US) Preview: Feb Consumer Confidence due out at 10:00ET

[09:42] {Threei} **consensus expectation: 55.0e v 55.9 prior

[09:42] {Threei} US) Preview: Feb Richmond Fed Manufacturing data expected at 10:00ET (15:00 GMT)

[09:42] {Threei} **consensus expectation: 2e v -2 prior

[09:44] {ese} it ain't gonna make it

[09:44] {Les} PALM if it breaks thru .41?

[09:44] {Threei} no

[09:45] {Threei} TM short reestablished

[09:45] {ese} peix....oh well....next time

[09:47] {Threei} not a scalp

[09:48] {Les} s slb .29

[09:51] {Threei} TM is ready

[09:52] {nemo} missed

[09:52] {Les} slb stopped

[09:52] {dino} ipcm

[09:52] {ese} nice expd made it to 38....nice run

[09:55] {nemo} 70 should be resistance on rimm

[09:55] {dino} sm l .00, wide jumpy ipcm

[09:55] {Threei} 5 min till numbers

[09:55] {Threei} careful with new positions

[09:56] {nemo} figures, nice DT on RIMM...anyway

[09:56] {Threei} TM maybe forming new short setup

[09:56] {Threei} .50 break

[09:56] {nemo} this close to numbers :)

[09:57] {Threei} comment for the case when it triggers after

[09:58] {Threei} UAUA CFO: Have no data that shows that business travel recovery differs from other recessions (15.68, +0.15, 0.97%) (related LUV AMR )

[09:58] {dino} stop on ipcm is .64

[09:58] {nemo} I don't think the confidence number will have a big effect

[09:59] {nemo} unless it's radically away from estimates

[09:59] {dino} cbrl

[09:59] {Threei} *(US) FEB RICHMOND FED MANUFACTURING: 2 V 2E

[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )

[10:00] {dino} dropping

[10:00] {Les} TM

[10:00] {Threei} *(US) FEB CONSUMER CONFIDENCE: 46.0 V 55.0E

[10:00] {nemo} that's radical

[10:00] {Les} nice

[10:00] {Threei} how about no effect

[10:00] {nemo} I said unless radically away from estimate, that's 20%

[10:01] {Threei} IMF: Fiscal tightening in emerging markets will probably need to begin sooner than first expectations

[10:01] {Threei} this porobably adds to selling pressure

[10:01] {nemo} kick myself for not taking rimmm short

[10:02] {ese} sreens are red

[10:02] {dino} they should just shut up, whats the point of talking about this

[10:02] {ese} screens

[10:03] {nemo} and TM just sits there

[10:03] {Les} looking for another short entry in slb. maybe bounce coming vad

[10:03] {Les} a bounce play?

[10:04] {nemo} aig bouncing, might come back to a short

[10:04] {Threei} (US) FDIC's Bair: More banks are reporting improved earnings, 1 in 5 banks showed a narrower loss in Q4 2009 (related XLF )

[10:04] {fernp} MELI ignoring market

[10:05] {Threei} COIN Signs Licensing Agreement with MassOrganics for New Manufacturing Facility (update) (1.06, +0.10, 10.44%)

[10:07] {dino} meli -2

[10:07] {dino} turning up tho fern

[10:08] {dino} ipcm .55 wall

[10:14] {Threei} Attention: COVER half TM

[10:14] {Threei} scalpers be happy

[10:14] {fernp} ty vad

[10:14] {Les} nice one thanks

[10:15] {strider} PALM

[10:16] {Les} looking at it strider. it respects 50 ma as resistance. and 50 ma descending fast

[10:16] {Threei} stop for the balance is b/e, TM

[10:17] {Threei} any trade under .25 and trail it to above .50

[10:18] {dino} watching pega

[10:20] {fernp} AXS salmon, Vad?

[10:20] {Threei} Short Setup: X half lot

[10:20] {Threei} 52.05 break

[10:21] {Threei} stop above .15

[10:22] {dino} meli drop

[10:23] {Threei} not sure about AXS fern

[10:23] {Threei} can be very volatile

[10:23] {nemo} stopped x

[10:23] {fernp} don't worry, took .50 break w/stop under .40

[10:24] {fernp} 1:1 is here

[10:24] {Threei} TM stop to above .50

[10:25] {dino} gj tm

[10:26] {Threei} ty

[10:26] {fernp} X no go

[10:29] {_jfjf64} vxx vad anythin

[10:30] {Threei} hmmm

[10:31] {Threei} I'd prefer to wasit and get a pullback on it

[10:31] {Threei} wait

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 240M shares, about 2% below its three-month average; decliners lead advancers by 6.4:1.

[10:32] {Threei} - NASDAQ volume 595 shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.

[10:32] {Threei} - VIX index +5.75% to just over 21.00

[10:33] {Threei} Attention: TM cover 1/4 more

[10:33] {Threei} +.40

[10:34] {Threei} this is my trade of the day

[10:34] {dino} lets see if meli holds .70

[10:34] {Threei} stop to above .40

[10:34] {dino} wtfg vad

[10:34] {Threei} ty

[10:34] {_jfjf64} very nice

[10:34] {dino} are you ready for this?

[10:34] {Threei} rare case when conviction and diascipline are on the same side

[10:35] {Threei} let's have it dino

[10:35] {dino} just a second

[10:35] {dino} out ipcm .90, +.90

[10:36] {Les} obscene

[10:36] {dino} lol

[10:36] {Threei} ok... I thought I was ready... no, turns out I was not

[10:36] {Threei} lol

[10:36] {Threei} wtg

[10:36] {Les} :)

[10:36] {Les} nice score

[10:36] {dino} beauty

[10:36] {dino} want pullback under 31.50

[10:36] {_jfjf64} dino

[10:37] {_jfjf64} gj

[10:37] {fernp} wtg dino

[10:37] {dino} ty

[10:37] {_jfjf64} 3i vxx

[10:37] {dino} pega hold .00area well, as does meli around .90, higher lows

[10:37] {Threei} ok

[10:38] {Threei} VXX nice sharp pullback

[10:38] {Threei} probably one more leg comning

[10:38] {Threei} if not .80 break long

[10:39] {Threei} keep it half lomy preferred entry would be closer to .60

[10:39] {nemo} lot?

[10:39] {Threei} 10:39] {Threei} keep it half lot

[10:40] {nemo} came out "lomy" look at iscussions

[10:40] {nemo} discussions

[10:40] {nemo} [10:38] {&Threei} keep it half lomy preferred entry would be closer to .60

[10:41] {strider} stop?

[10:41] {Threei} under .70

[10:42] {ese} this is just not my type of trading day........only being remotely comfortable with shorting this type of day takes me out of the game

[10:44] {Threei} you better practice that shorting ese...

[10:44] {nemo} wfmi strong today up .54

[10:45] {dino} no pullback ipcm

[10:45] {ese} definitely

[10:46] {ese} i see the setups from your book vad......but for some reason or other i don't think that i can judge the momo correctly

[10:47] {nemo} funny, I see shorts easier than longs..you're just too optimistic by nature

06[10:47] * nemo slaps ese around a bit with a large dose of cold cruel reality (and nemo's sense of humor :))

[10:48] {ese} ya ...could be

[10:48] {dino} dead people here

[10:48] {nemo} Dino, you're like the rising sun with that line

[10:48] {nemo} I was waiting

[10:48] {dino} why thank you

[10:48] {nemo} consistence (hobgoblins of something...:))

[10:49] {Threei} Long Setup: VXX .57

[10:49] {Threei} stop under .50

[10:52] {_jfjf64} comon

[10:52] {Threei} come on VXX. market's dropping

[10:52] {nemo} that pile up at .56

[10:56] {Threei} sigh

[10:56] {ese} aaaaaaand....."the red red robin keeps bob bob bobbin along" yeahhhhhhh! have always hated that color......i think my trading screen knows that on days like this

[10:56] {strider} that's it for me today.

[10:56] {dino} wcg sm l .35

[10:56] {fernp} yeah!, sight

[10:56] {Threei} (US) Congressional committee members are reportedly looking at a narrower version of the Volcker rule (related XLF )

[10:56] {nemo} yep me too, maxed out

[10:57] {Les} me too

[10:57] {_jfjf64} grr

[10:57] {ese} i could be joining you st

[10:57] {ese} cya

[10:57] {_jfjf64} rat

[10:57] {fernp} i am still alive :-)

[10:58] {ese} goooooooo fern gooooooooooooooo!

[10:58] {dino} take care strider

[10:58] {dino} me too fern

[10:58] {fernp} lol ese

[10:58] {strider} see ya.

[10:58] {fernp} take care strider

[10:58] {Les} ciao

[10:59] {dino} dgw drop

[11:00] {dino} enoc sm l ave .18

[11:00] {Les} dino, you mind sharing your list?

[11:01] {dino} same as fri, plus palm, pega, ipcm, meli

[11:01] {Les} thanks

[11:01] {dino} np

[11:01] {dino} wcg takes out .50, could run

[11:01] {ese} everyone knows whats gonna happen today eh?

[11:01] {dino} night will come

[11:02] {Les} I will get drunk

[11:02] {ese} traders are bummed out.....decide that've had enough....leave.....and the market is going to have huge rally!

[11:02] {dino} chickened out meli, at .00

[11:03] {dino} will wait for another try

[11:03] {Les} airlines recovering will try uaua .35 break

[11:03] {dino} pega, ugh

[11:04] {ese} was onto that this morning dino....almost went long 34

[11:04] {dino} thats what i wanted, but too late

[11:04] {ese} it beat by .01.....am kicking myself

[11:04] {ese} don't know what the hell i was thinkin

[11:05] {dino} random dance es, thats all, i understand

[11:05] {dino} it may re-test

[11:08] {Threei} MPEL Hearing takeover chatter circulating

[11:08] {Threei} - WYNN rumored as a potential acquirer (related WYNN )

[11:08] {nemo} wfmi steroidal salmon

[11:09] {dino} fcx lod

[11:09] {dino} 5 day low too

[11:10] {dino} clw range .00-.70ish, thin

[11:11] {dino} swm trades w/it

[11:12] {dino} apol, tlvt hold well on list les

[11:12] {Les} k

[11:13] {Les} i like fcx. make or break time here

[11:13] {Les} thinking long

[11:13] {dino} like irish spring

[11:13] {nemo} you have a unique sense of humor

[11:14] {dino} useless junk stuck in my head that i can't get rid of

[11:14] {nemo} definition of irish

[11:14] {Les} never useless. usually has importance to us

[11:14] {Les} lol nemo you are nasty

[11:14] {nemo} I'm half irish

[11:14] {dino} and he says that to a mc

[11:15] {nemo} purposely :)

[11:16] {dino} most likely not today, but gaps ndx 1779, s/p 1075 02/12

[11:17] {dino} netl drop

[11:17] {dino} scanners all red, more down imo

[11:22] {Les} out uaua +.08. scalp scalp scalp out of this hole

[11:22] {Threei} TM Rep Waxman: Ultimately the Toyota crisis will require legislation (72.20, -0.73, -1.00%)

[11:23] {nemo} oh jeez

[11:23] {Les} lol of course

[11:24] {dino} meli .05 sm l

[11:24] {nemo} wfmi, holding above .70 important level

[11:24] {dino} gj les

[11:24] {Les} thanks, gonna need a lot more than that. TM keeps dancing around lod

[11:26] {Threei} Short Setup: TM .20 break half lot

[11:26] {dino} ugh clw

[11:26] {Threei} Former Fed Chair Greenspan: Economic recovery has been very unbalanced

[11:27] {Threei} just shut up already

[11:27] {fernp} stop , Vad?

[11:27] {Threei} you said all you possibly could

[11:27] {Threei} for scalpers above .30

[11:27] {dino} ty 3i, my earlier point. they think they are rock stars or something

[11:27] {Les} haha more unbalanced than his normal economic theory?

[11:27] {Threei} for day traders, .40

[11:27] {fernp} ok ty

[11:27] {dino} clw just went nuts

[11:27] {dino} swm watch

[11:28] {dino} meli stopped -.30

[11:29] {dino} swm sm l .50

[11:30] {nemo} where's your stop dino

[11:31] {dino} .18

[11:36] {Les} fcx looking more like a short

[11:36] {nemo} careful on breakdowns going into lunch

[11:37] {Threei} out

[11:37] {dino} mkt going up

[11:37] {fernp} stopped TM

[11:37] {nemo} wfmi

[11:37] {_jfjf64} grr

[11:37] {nemo} sorry

[11:38] {dino} pega going to hold here es?

[11:38] {nemo} .82 strong resistance

[11:42] {fernp} IGT valid dbi, Vad?

[11:43] {Threei} only if market breaks down, and I don't see aything to indicate it

[11:43] {fernp} ty

[11:43] {Threei} rather feels like we are locked or slowly climbing from here

[11:44] {nemo} I wonder if bear flag

[11:48] {dino} fti sm l .20

[11:51] {_jfjf64} tm

[11:51] {dino} amsc back to may/june levels. strange stock

[11:52] {dino} rino holds

[11:52] {nemo} breakdowns breakouts are traps right now

[11:53] {Threei} TM is getting killed now

[11:53] {Threei} 72 won't hold IMO

[11:53] {Les} crap fcx too

[11:54] {Threei} TM Pres: Company growth may have been too fast; exceeded ability to develop people and company - congressional testimony text (72.05, -0.88, -1.21%)

[12:01] {Threei} rug is about ot get pulled from under TM

[12:02] {Threei} drop and snapback

[12:03] {_jfjf64} whos gonna win

[12:03] {dino} fti stopped -.31

[12:03] {Threei} I think sellers but it's not an easy battle

[12:03] {Threei} a lot of stops will be taken along the way

[12:03] {fernp} Trying QID long

[12:04] {nemo} It's down so much from the peak

[12:04] {_jfjf64} exatly

[12:06] {Threei} Market Internals update at 12:00pmET- NYSE volume 410M shares, about 6% below its three-month average; decliners lead advancers by 5.9:1.

[12:06] {Threei} - NASDAQ volume 1.02B shares, about 9% above its three-month average; decliners lead advancers by 3.4:1.

[12:06] {Threei} - VIX index +5.75% to just over 21.00

[12:07] {_jfjf64} sellers round 1

[12:12] {Les} fcx .84 b/d? sufficient consolidation?

[12:12] {nemo} you might want to see if this is a db first

[12:13] {Threei} I can't tell

[12:21] {fernp} 1:1 QID

[12:23] {Les} out fcx. maybe bounce time for q'w

[12:23] {Les} q's too

[12:28] {fernp} 1:2 QID out

[12:28] {Threei} wrg

[12:30] {Les} CAL .66 b/d?

[12:31] {Threei} if market continues slide... not the best canddiate though

[12:35] {dino} netl sm l .75

[12:43] {Threei} we finally near that triple digit red

[12:44] {Les} and didn't make a friggin dime from it

[12:44] {Threei} speak for yourself

[12:45] {Les} I am

[12:45] {larisa} you made a dime vad? :)

[12:45] {Threei} was I alone in this rtoom in the morning?

[12:46] {dino} vxx right

[12:51] {dino} perhaps i am

[12:54] {Threei} Dalai Lama is on Tweeter

[12:54] {nemo} you mean twitter?

[12:54] {Threei} whatever

[12:54] {nemo} well...tweeter was the name of a hi-fi chain on the east coast

[12:57] {Threei} kind of unbecoming of the reincarnation of one of spiritual leaders who have chosen to be reborn in order to enlighten others.

[12:58] {larisa} vad is kinda tense, somebody pass him carrot juice

[12:58] {nemo} ehhh...with his really enlightened followers he mind melds...with the rest of us morons, he tweets

[12:58] {dino} roflol

[12:58] {Les} well given twitter user attention spans, they should stay enlightened for maybe 30 seconds...

[12:59] {dino} what do you believe that isn't true

[12:59] {nemo} ?

[13:00] {dino} question what is preached/spoken/etc

[13:06] {_jfjf64} db tm

[13:07] {Threei} I doubt it

[13:09] {Threei} TM selling is far frpom done

[13:09] {Threei} we haven't seen even beginning of panic yet

[13:10] {_jfjf64} agree

[13:10] {fernp} EQT .82 breakdown, Vad?

[13:10] {Threei} I think so

[13:10] {Threei} of market helps of course

[13:10] {fernp} above .90 is a good stop?

[13:11] {Threei} (US) SEC's Shillman: SEC will likely allow sub-penny pricing - BusinessWeek

[13:11] {Threei} - NYSE Euronext and Nasdaq OMX Group Inc., which run the two biggest U.S. stock exchanges, have said they want regulators to expand eligibility for subpenny pricing to companies trading for up to $10 a share, from the current upper limit of $1.

[13:11] {_jfjf64} by july 1 stock 55

[13:11] {Threei} yes fern

[13:11] {fernp} ty

[13:11] {Threei} I think much sooner, and lower

[13:11] {_jfjf64} really

[13:11] {Threei} this crisis gains speed

[13:12] {Threei} TM is only 70 ents away from panic low of couple weeks ago

[13:12] {_jfjf64} lk aig last year this time

[13:14] {_jfjf64} steady sellin

[13:15] {Threei} should have for once listen to my intuition and not do anything but hold original TM short

[13:15] {Threei} dollar down

[13:15] {Threei} and not done yet

[13:15] {_jfjf64} hmm

[13:16] {dino} trit

[13:17] {Threei} ONSM

[13:17] {Threei} ONstream Media Corporation Launches Live Mobile Video Streaming Service for iPhone and BlackBerry (update)

[13:17] {Threei} - The new mobile video streaming service was developed with Onstream Media's leading Digital Media Services Platform (DMSP) technology which services clients in the Global 2000, Media and Entertainment, and Business-to-Business community. The service is device agnostic, enabling adaptive and segmented streaming to popular mobile devices using Akamai's Content Delivery Network

[13:22] {dino} 2 year went well

[13:23] {nemo} short durations aren't the problem

[13:23] {dino} 30 yr up 2 from yesterday

[13:26] {dino} scannres all green

[13:26] {_jfjf64} vxx vad any read boss

[13:28] {Threei} no, not really

[13:46] {dino} out .24, netl, +.49

[13:52] {larisa} gj

[13:52] {Threei} White House's Gibbs: No plans to "water down" Volcker rule, committed to ban on risky trading by banks; Pres Obama supports the repeal of the anti trust exemption for health insurers

[13:52] {Threei} ***Note: This repeal of the heathcare anti-trust exemption was planned to be included the Congressional health care bill but was subsequently removed during negotiations

[13:53] {Threei} 41% Favor Obamas Health Care Plan, 56% Oppose

[13:54] {Threei} that's because he didn't explain it well I am sure

[13:54] {_jfjf64} 57 %

[13:56] {_jfjf64} cmc

[13:57] {nemo} wfmi headed north

[13:59] {Threei} new low TM

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

[14:00] {Threei} - NYSE volume 600M shares, about 2% below its three-month average; decliners lead advancers by 6.1:1.

[14:00] {Threei} - NASDAQ volume 1.49B shares, about 10% above its three-month average; decliners lead advancers by 2.4:1.

[14:00] {Threei} - VIX index +8.5% to just over 21.50

[14:05] {dino} cski

[14:08] {dino} swm stopped -.32

[14:23] {dino} slxp halt, fda panel review, rumors looks good, realmoney.com

[14:25] {Threei} 1:56:20 PM

[14:25] {Threei} Salix Pharmaceuticals Ltd FDA gastrointestinal advisory panel : Xifaxan effective in treating hapatic illness; supports use in liver disorder

[14:25] {Threei} - votes 16-2 that shows evidence of efficacy

[14:27] {Threei} sounds like news rather than rumor to me, no?

[14:28] {dino} hsii, beats, guides up, drops

[14:28] {dino} you are correct

[14:31] {nemo} wfmi new high

[14:35] {Les} db on TM?

[14:37] {Threei} or inverted C&H

[14:37] {Les} ok. long enough time frame is it?

[14:38] {Threei} hmm?

[14:38] {Les} 35 mins enough to work with c&h setup?

[14:38] {Threei} you mean time between bottoms?

[14:38] {Threei} well... morte or less, yes

[14:39] {Les} ok

[14:39] {Threei} I'd prefer a bit longer,

[14:39] {Threei} but double bottom scenario has even bigger problem

[14:39] {Threei} confirmation level is way too far

[14:40] {Threei} .75

[14:41] {Les} understood

[14:43] {Threei} C&H is ruined

[14:45] {dino} qdel

[14:45] {dino} crazy

[14:47] {Threei} QDEL Diagnostic Hybrids unit receives FDA Emergency Use Authorization for D3 Ultra 2009 H1N1 Influenza A Virus ID Kit

[14:47] {Threei} - received emergency use authorization from the U.S. FDA for its D3 UltraTM 2009 H1N1 Influenza A Vi...more...

[14:49] {nemo} fas may be setting up for a nice short here. right at 200 ma, little DT near previous swing high

[14:50] {nemo} dependent on spy

[14:51] {fernp} SPY break 110 long with SSO, Vad?

[14:51] {Threei} I think so

[14:51] {fernp} ok

[14:53] {dino} swm sm l .90

[14:55] {Les} wow. TM double bottom it was

[14:59] {dino} all dayer, stop to .95 wcg

[15:01] {_jfjf64} my first week back yuk

[15:02] {Threei} sheesh

[15:02] {Threei} I am out of here, see you all in a year

[15:02] {dino} huh?

[15:02] {dino} wcg to .00

[15:02] {nemo} what?

[15:02] {_jfjf64} lol

[15:02] {nemo} you going to tibet?

[15:02] {Threei} wherever

[15:03] {dino} you ok?

[15:03] {dino} out wcg +.65

[15:03] {Les} nice one

[15:03] {nemo} he has a hard time with days ending in "y"

[15:03] {Threei} "yuk" is what I get for bavigating these waters?? :)

[15:03] {fernp} excellent dino

[15:03] {dino} ty, got lucky, slow climb

[15:03] {_jfjf64} gj dino

[15:04] {dino} thx

[15:04] {_jfjf64} thats being kind waters

[15:05] {nemo} Oh Black Water keep on rollin' Mississippi moon won't ya' keep on shinin' on me...

[15:05] {_jfjf64} shinin on meeeeeeeee

[15:06] {nemo} I ain't got no worries....

[15:06] {_jfjf64} vad we gettin restless any jokes somethin

[15:06] {nemo} just look in the mirror

[15:06] {nemo} ow...

[15:06] {Threei} no jopkes for you

[15:06] {Threei} {--- joke nazi

[15:07] {nemo} put both hands in....now clap

[15:10] {Threei} .50 won't hold, TM

[15:10] {Les} was gonna say something similar. s tm .54

[15:11] {_jfjf64} 71 comin

[15:11] {Les} out 1/3

[15:12] {dino} big mistake on pega today

[15:12] {Les} what did you do?

[15:12] {Les} $4 recovery. beautiful

[15:13] {dino} missed it at 35 and said i'd wait for it to come back

[15:13] {dino} think es was talking w/me about it

[15:13] {Les} ah yes remember that. out 2/3 tm

[15:15] {dino} clw sm l .69 risky, jumpy

[15:16] {dino} trit pop again

[15:17] {nemo} whaddya' think, market runs into the close

[15:22] {dino} so far it does

[15:22] {dino} gut says drops at 3:40

[15:22] {Les} out last 1/3 +.03. TM pops again

[15:22] {dino} end about -100

[15:23] {nemo} except this whole pullback was because of the sentiment report

[15:23] {nemo} or started with it

[15:23] {dino} or 9 days in row up

[15:23] {nemo} $ up pretty good though

[15:30] {_jfjf64} night all

[15:30] {nemo} cya

[15:30] {Les} bye

[15:30] {Threei} take care jf

[15:32] {fernp} Good evening everybody. See you all tomorrow

[15:32] {Les} ciao

[15:32] {nemo} Hasta manana

[15:32] {Threei} bye fern

[15:33] {dino} cya jf

[15:33] {dino} cya fern

[15:37] {Threei} DRIV Restates Q1 2009 GAAP EPS to $0.36 from $0.45 due to an incorrect accounting entry

[15:37] {Threei} - no change to reported revenue. (26.44, -0.25, -0.94%)

[15:39] {billyc} gn all

[15:39] {Les} ciao billy

[15:41] {dino} 3:40

[15:48] {dino} wrld

[15:51] {dino} clw stopped

[15:51] {Les} s fcx .68

[15:52] {Les} out +.10

[15:54] {Les} TM .50 b/d?

[15:54] {dino} out swm -.08

[15:54] {Threei} 5 min till eod?

[15:54] {Les} lol lost track of time

[15:55] {Threei} thank you all, have a good evening

[15:55] {Threei} see you tomorrow

[15:55] {larisa} bye :

[15:55] {larisa} )

[15:55] {Les} thanks Vad, despite my grumbling

[15:55] {dino} neg. day 5 losers 4 wins

[15:56] {dino} opps 6 losers

[15:56] {dino} 3 wins

[16:01] {dino} gn all

Feb 22 2010

We had 100% winning day - on 2 (yes, TWO) calls for the whole day. I don't think I've ever had that few. Both were on DNDN, one breakout for 36 cents and one bounce for 17.

Session Time: Mon Feb 22 00:00:00 2010

[07:55] {Les} Toyota memo trumps savings over safety. In an internal document from 2009, Toyota (TM) employees celebrated saving the company over $100M by convincing regulators to end a 2007 investigation into sudden acceleration complaints with a relatively cheap floormat recall for just 55,000 cars. The memo will put further pressure on Toyota President Akio Toyoda when

[07:58] {Les} smart move on their part

[08:07] {Les} SLB not digesting their acquisition of SII well premarket

[08:19] {nemo} what a surprise, a gap day

[08:29] {nemo} wow...slb traded over 2 million shares already

[08:31] {Threei} (GE) Germany Finance Ministry: Believes that Greece will succeed in debt refinancing next month; No decision taken on aid for Greece- EU needs to consider new rules and sanctions in the context of Greece

[08:35] {Threei} Market update

[08:35] {Threei} 5:53 AM European Market Update: China reiterated its pledge to maintain moderately loose monetary policy and maintain proactive fiscal policy; Session risk appetite wanes as no concrete news emerges on Greek aid package

[08:35] {Threei} *** ECONOMIC DATA ***

[08:35] {Threei} - (JP) Japan Jan Convenience Store Sales Y/Y: -5.3% v -5.5% prior

[08:35] {Threei} - (SZ) Swiss Jan M3 Money Supply Y/Y: 5.6% v 6.6% prior

[08:35] {Threei} - (TT) Taiwan Jan Unemployment Rate Seasonally Adj: 5.7% v 5.7%e

[08:35] {Threei} - (NE) Netherlands Feb Consumer Confidence: -13 v -11e v

[08:35] {Threei} - (IC) Iceland Jan Wage Index M/M: 0.1% v 0.3% prior; Y/Y: 3.1% v 3.6% prior

[08:35] {Threei} - (IT) Italy Jan Trade balance Non-EU: -3.2B v -4.0B prior

[08:35] {Threei} *** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***

[08:35] {Threei} - Despite a strong trading session in Asia, opening highs in Europe didn't last. Equities rolled over and turned negative within the first hour of trading. The motivations behind this move has been mixed but has been broadly in line with the expected pare back of commodity and high yielding currencies as risk aversion crept back into the market. Equities that traded lower included Glaxo [GSK.UK], following a NYT article on the safety of its Avandia medication, along with Carrefour [CA.FR] and Axa [CS.FR], following analyst actions. Pilots at Lufthansa [LHA.GE] have followed through with strike threats leading to travel chaos in Germany and those shares moving lower. Retail as a sector moved lower on general sentiment and cautious notes on H&M [HMB] and Zara [ITX.SP] from BNP. Weekend press speculation has been fierce with commentary regarding an expected EU approval for a T-mobile [DTE.GE] Orange [FTE.FR] UK JV, speculation that VTG [VTG.UK] may offer a special dividend if holders reject a Babcock [BAB.UK] bid, and speculation that Old Mutual [OML.UK] is shopping its US life insurance unit. In M&A flow, Schlumberger [SLB] and Smiths International [SII] announced a formal all stock agreement while market chatter has reignited ABB [ABBN.SZ] for Rockwell Automation [ROK] speculation. Into 5:30, equity markets remain choppy with moves above and below the unchanged line on lighter volume

[08:35] {Threei} - In individual equities: AB Foods [ABF.UK] said its first-half 2010 profit would be higher y/y. Hamerson [HMSO.UK] reported FY09 adj Pretax 130M v 150Me. TNT [TNT.NV] reported Q4 Net 25M (unclear if comp to ests), Rev 2.95B v 2.9Be, to pay total dividend of 0.53/shr.

[08:35] {Threei} - Speakers: ECB's Provopoulos commented that the Greek govt would take additional measures if needed and expressed confidence that Greece would meet it austerity goals. He stated that markets were overreacting to the crisis in the country and added that the ECB to continue its credit support. German Finance Ministry's Monthly Report noted that German January total tax revenues at 36.0B, down 7.8% y/y. The reported noted that economic recovery was prone to setbacks and sources of domestic growth were unfolding slowly. ECB's Honohan commented that reducing wages was vital to ensuring Ireland's recovery and reversing the rise in unemployment. He did note that achieving lower nominal wage rates was not easy but was essential. UK PM Brown reiterated his administrative plans to decrease deficit by half by 2014 and restore finances as economic recovery takes hold. China reiterated its pledge to maintain moderately loose monetary policy and maintain activist fiscal policy in 2010. The comments follow the reopening of the Chinese markets after a week of holidays. The comments follow the Feb 12th reserve ratio hike by the PBoC to 16.50% from 16.00%.

[08:35] {Threei} - Currencies: The European morning was prepared for rising risk appetite as weekend press raised speculation that a Greek aid package could be in the pipeline and worth up to 25B. Asian equities were firmer and energy and metals followed them higher. However, the euphoria waned as the hours rolled by and the USD and JPY maintained a firmer tone in the session. As the NY morning approached the EUR/USD was holding above the 1.36 handle after testing 1.3450 last week. Dealers did have plenty of time to analyst the situation in Europe as the news flow was light and data releases were sparse. Greece's financial distress could be exacerbated at the end of 2010 when the ECB is due to revert to old collateral rules that were loosened during the global recession. If Greek debt were no longer eligible as ECB collateral, the Greece Gov't would find it harder to find buyers for its bonds and yields would probably rise.

[08:35] {Threei} - Fixed Income: Gilts have underperformed after the latest UK polls showed Labour gaining ground on the opposition Conservatives. The Tory lead has been cut to just 8 points, with a 10 point margin generally believed to be the minimum needed to avoid a hung parliament. The 10y Gilt briefly traded 100bps cheap to the Bund in the session, the widest level in the Gilt-Bund spread spread since March 1997

[08:35] {Threei} - Geopolitical: On Saturday a brewing political crisis in the Netherlands led to the collapse of a three-party coalition government. The key issue in bringing the gov down was troop deployments to Afghanistan. Current PM Blakenende (Christian Dem) failed to ward off a split led by Deputy PM Bos (Labor) over the deployment of soldiers in Afghanistan. Labor had run on a platform in 2006/7 that combat soldiers would come home by 2010 and the party has made moves to fulfill that goal. The Dutch Queen is expected to appoint a caretaker gov that while official, will have difficulty passing any new laws *** Coup leaders in Niger have promised a return to civil government with the crafting of a new constitution followed by democratic elections. A time frame for either operation was not given. Representatives from the ruling Junta met with Libyan leader Gaddafi in a search for international recognition. African government and political organization have remained cool/mute on the subject.

[08:35] {Threei} - In the papers: An FT article discussed investor George Soros views on the EMU. Soros stated that for the euro to be a fully fledged currency it would require both a central bank and a Treasury. He believes that when a financial system is in danger of collapsing only a Treasury can deal with problems of solvency. The 2008 financial crisis revealed the flaw in the euro's construction, and he recommended the establishment of a well-organized eurobond market. Der Spiegel reported over the weekend that he EU was set to provide approx 25B in assistance to Greece. The amount to be shared amongst the EU, determined by relative position in the ECB, and encompass various loans and guarantees. Germany's share in ECB stands at 20%. WSJ commented on the use of swaps by some European governments. According to the article, some European government in the past used complex financial transactions to lower the sizes of their debts and deficits. The article commented on the previously disclosed derivatives transactions between Greece and Goldman Sachs.

[08:35] {Threei}

[08:35] {Threei} oops

[08:35] {Threei} too big paste

[08:36] {Threei} The article noted that between 1998 and 2003, Deutsche Bank entered into swap agreements on behalf of Portugal. In 1997, France arranged a transaction with France Telecom which resulted in a reduction in France's deficit. Additionally, in 1996 JP Morgan arranged an Italian currency swap which allowed Italy to receive large payments upfront and thus lower its deficit. Some critics believe that too little is known about countries' continued exposure to the derivative deals that are already out there.

[08:36] {Threei} that's what I acrualy wanted, lol

[08:58] {nemo} any news on slb this morning

[09:00] {Threei} Smith International Inc To merge with Schlumberger; The all stock agreement values SII at $11.3B or $45.84/share (37.5% premium)

[09:00] {Threei} - Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders collectively will own approximately 12.8% of Schlumberger's outstanding shares of common stock.

[09:01] {Les} Morning Vad, Nemo

[09:01] {nemo} oh...arbitraging

[09:01] {nemo} sheila :)

[09:01] {Threei} les :)

[09:01] {ese} good morning

[09:01] {Les} huh... in fine form for the week are we:)

[09:01] {Les} hey ese

[09:01] {Threei} ese :)

[09:02] {Les} saw Inglourious Basterds this weekend Vad. I liked it

[09:02] {nemo} I got bored watching it

[09:03] {ese} it's the way things should have been

[09:03] {Threei} I was disappointed... not at the level pf his other movies, IMO

[09:03] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:03] {Les} u r right Nemo/vad

[09:03] {Les} first five minutes bored me

[09:04] {Les} then I realised what he was doing

[09:04] {Les} French film

[09:04] {Les} In that regards, yes, way different to his previous works

[09:05] {Les} but Europeans are liking it, especially Christolph Waltz as the Jew Hunter. Great job

[09:06] {Threei} that's about the only thing I liked

[09:06] {Les} anything on the watch list?

[09:06] {Threei} the rest just was not up to his standards, IMO

[09:07] {Les} I think he switched audiences for this film. I've watched a few french films. they just talk and talk.

[09:08] {nemo} Watchmen was a great movie

[09:09] {billyc} gm everyone

[09:10] {Threei} billy :)

[09:10] {Les} billy

[09:10] {Les} saw District 9 as well. Talk about apartheid redux

[09:11] {nemo} yeah...that was a trip

[09:13] {Les} SLB's got some range going for it today

[09:16] {Threei} great... TM is not shortable

[09:16] {nemo} slb is an arbitrage play, so I'm not sure that will be a safe one to trade today

[09:16] {nemo} that is unless you have a good understanding of the arbitrage levels

[09:19] {Threei} Toyota Motor Corp According to documents, TM saved millions by negotiating a deal with US government officials over consumer complaints related to acceleration in some vehicles - Detroit Free Press

[09:19] {Threei} - According to the document that was turned over to US House officials, officials at Toyota boasted in an internal document that they saved the company more than $100M by negotiating a deal with US government officials on a limited recall over complaints about sudden acceleration in some vehicles.

[09:19] {Threei} - In an internal presentation last summer, the government agreement was classified under the category of "Wins for Toyota and Industry."

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:19] {nemo} trev

[09:20] {Threei} some win that was

[09:21] {lasertrev} sad

[09:31] {_jfjf64} mornin all

[09:31] {Threei} jf :)

[09:31] {nemo} jf

[09:32] {Threei} XNPT again

[09:33] {Threei} Long Setup: ARUN .45 break half lot if stays above .30

[09:37] {nemo} nice hold on the pullback

[09:37] {Threei} feels explosive

[09:37] {nemo} Qs and spy near 200 ma

[09:38] {nemo} Qs broke through 200

[09:38] {nemo} spy broke through 200

[09:39] {Threei} Long Setup: DNDN .35 break

[09:39] {ese} l dndn .28

[09:39] {Threei} stop under .20

[09:39] {ese} yup

[09:40] {ese} out dndn .36

[09:40] {ese} wow that was fast

[09:40] {ese} +.08

[09:41] {Les} RIMM looks like bounce before b/d

[09:43] {_jfjf64} dfs

[09:45] {_jfjf64} question fonts are very small in chat how do i mk larger

[09:46] {Threei} CTRL +

[09:46] {_jfjf64} ahh ty

[09:47] {_jfjf64} rimm

[09:47] {Threei} come on already DNDN

[09:47] {Les} DNDN drives a TM

[09:47] {Threei} where is sudden acceleration then?

[09:48] {nemo} in reverse

[09:48] {Les} lol

[09:48] {nemo} dndn looking short now

[09:50] {Threei} ARUN invalidated

[09:52] {Threei} half out DNDN

[09:53] {Threei} scalpers take profit

[09:53] {Les} out .47 ty

[09:54] {ese} nice play with dndn vad

[09:54] {ese} should go forever that thing

[09:54] {_jfjf64} dndn ty

[09:54] {billyc} thanks

[09:54] {Threei} 1/4 more out .60

[09:55] {Threei} welcome guys

[09:55] {Threei} stop for the last piece just under .40

[09:56] {Threei} and try to exit into spike over .70

[09:56] {_jfjf64} nice

[09:58] {Threei} out .72 for +.36

[09:59] {_jfjf64} way to go champ

[09:59] {Threei} can I go home?

[09:59] {Les} 3 more like that please

[09:59] {_jfjf64} one more

[09:59] {_jfjf64} mk it 2

[10:00] {_jfjf64} strong dndn

[10:00] {Threei} (US) Pred Obama: Proposes $10B in additional fees on drug makers as part of Health Care reform

[10:01] {Threei} yup... that'll help lower prices

[10:01] {_jfjf64} enough with this guy

[10:01] {nemo} and raising personal income tax as well as penalty for not buying

[10:01] {_jfjf64} lol

[10:01] {Threei} Porposes medicare tax on unearned income

[10:01] {Les} not sure what sort of reform that is?

[10:01] {strider} The big O proposing medicare tax on unearned income.

[10:01] {Threei} beautiful

[10:01] {strider} beat me to it.

[10:01] {strider} they're taxing porpoises too?

[10:02] {strider} will they never stop?

[10:02] {Les} RIMM has nothing but air under it now

[10:05] {Threei} watching WFC for possible pullback entry

[10:07] {Threei} - Does not include public option

[10:07] {Threei} - Targeting expansion of health care to 31M further Americans; would force insurers to cover more young adults

[10:07] {Threei} - Would establish health insurance exchanges

[10:07] {Threei} - To end discrimination against pre-existing medical conditions

[10:07] {Threei} - Includes limits on health premium increases

[10:08] {fernp} MAS .75 breakdown, Vad?

[10:08] {Threei} not sure

[10:10] {fernp} ok. ty

[10:10] {nemo} indices down but fas up strong

[10:16] {nemo} huge bid rimm .31

[10:21] {Les} AIG

[10:22] {Les} pump my trash day hey?

[10:22] {Threei} no news

[10:23] {Les} DNDN back to original support

[10:24] {Threei} I think one more leg down before it become bounce candidate

[10:34] {fernp} PALM short if breaks .20, Vad?

[10:36] {Threei} I like it

[10:36] {fernp} ty

[10:36] {Threei} .25 for hard core scalpers, .30 for day trade

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.

[10:37] {Threei} - NASDAQ volume 490M shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.

[10:37] {Threei} - VIX index +4.3% to just under 21.00

[10:37] {fernp} ty, was writing the question... lol

[10:37] {Threei} :)

[10:38] {_jfjf64} y

[10:39] {Threei} strangely slow market

[10:40] {Threei} glad we got our first profit extracted early

[10:42] {Les} PM miners looking for a b/o. slw kgc auy

[10:42] {Les} not auy

[10:44] {fernp} any rean in ORCL, Vad? good breakout?

[10:44] {fernp} rean = read

[10:45] {Threei} want to be water-tirtured for hours?

[10:45] {fernp} nope

[10:45] {Threei} leave ORCL alone then :)

[10:45] {fernp} ok, i'll do

[10:45] {strider} AMZN nice reverse c&h

[10:47] {ese} L apwr .22

[10:48] {ese} blasted thing....wanted .19.....ruddy thing jumped up on me

[10:54] {Les} vad DNDN

[10:54] {Threei} almost ready... not quite yet

[10:55] {ese} you all thinkin of shorting dndn or going long

[10:56] {Threei} long for bounce scalp

[10:56] {Les} bounce play

[10:56] {ese} ok

[10:58] {ese} oh and by the way vadster!!! My spies tell me that you were in my neck of the woods .....YOU! didn't stop in........well I never. Was gorgeous day around here saturday for sure

[10:58] {Threei} hmmm... you have cameras around that area or what, lol

[10:59] {Threei} OK, hunt is on for DNDN

[10:59] {ese} lol.......my daughter was walking to the library along beach drive and she walked right by you

[10:59] {Threei} oops... haven't seen her

[10:59] {Threei} .75 brea

[10:59] {Threei} stop under .70

[11:00] {ese} in

[11:00] {nemo} damn

[11:00] {Les} nope

[11:00] {ese} .76

[11:00] {Threei} out .91

[11:00] {ese} out

[11:00] {Les} 200 ma .90

[11:00] {Threei} nice and easy

[11:01] {ese} .90 +.14.....tks vad

[11:01] {Threei} sure thing... accpet it as my apology for not saying hello to yor girl :)

[11:01] {ese} done

[11:02] {billyc} thanks

[11:02] {ese} not a problem......I can be bought

[11:02] {Threei} billy :)

[11:06] {ese} daaaa stopped apwr .14 -.08

[11:08] {ese} hmmmmm pullbacks me thinks are working better than breakouts still

[11:08] {_jfjf64} ty dndn

[11:09] {Threei} :)

[11:14] {Threei} keep an eye opn VXX

[11:14] {Threei} for possible sharp pullback under .10

[11:15] {Threei} shpuld be long around .05

[11:15] {_jfjf64} ii

[11:17] {Les} PM miners all went south. SLW or KGC lod b/d?

[11:19] {Threei} KGC I like the most

[11:21] {Threei} almost there, VXX... just a few more downticks please

[11:29] {Threei} .08 was the lowest point, and practically unobtainable

[11:29] {Threei} writing it off as one that got away

[11:32] {nemo} rimm broke lows

[11:52] {ese} amcs

[11:52] {Threei} never cease to amaze

[12:11] {_jfjf64} cmc any read vad

[12:11] {Threei} not really

[12:16] {Threei} wow... it's like market doesn't knoqw it's not a weekend anymore

[12:16] {_jfjf64} omx crazt

[12:25] {fernp} TOL breakdown, Vad?

[12:25] {fernp} 5c stop

[12:28] {strider} MIL

[12:29] {strider} whoa!

[12:29] {strider} Too dangerous for me...where's magoo?

[12:30] {fernp} MIL nice daily candle lol

[12:30] {Threei} hard to tell TOL

[12:30] {fernp} nah, forget TOL

[12:30] {Threei} MIL Reportedly Thermo Fisher is planning $6B bid; Millipore is said to have hired Goldman Sachs as advisor - unconfirmed report (79.52, +8.18, 11.47%) (related TMO )

[12:30] {nemo} slb been climing strong since 11:15

[12:31] {strider} Now that's euphoria.

[12:31] {nemo} wfmi vad

[12:31] {Threei} MIL Halted (99.53, +28.19, 39.52%)

[12:31] {Threei} hmmm?

[12:31] {Threei} I still see it trading

[12:31] {nemo} break of .80 looks interesting, but is lunchtime

[12:32] {fernp} not halted, here

[12:32] {Threei} WFMI... could be but don't count on much

[12:32] {nemo} lunchtime scalp

[12:33] {nemo} maybe

[12:33] {Threei} MIL Halted at NYSE on order imbalance (99.53, +28.19, 39.52%)

[12:33] {nemo} jeez...slb, if it clears .25 area soon, probably looking at .75

[12:33] {Threei} huh... it can be halted on NYSE but not on ECNs?

[12:34] {Threei} talk about market fragmentation

[12:35] {Threei} news still says "unconfirmed repoprt"

[12:35] {Threei} let's prepare short and wait for denial? {G}

[12:37] {Threei} WFMI, enough for a scalp

[12:39] {Threei} Preview: Treasury's $8B 30-year TIPS auction results due out just after 1PM ET

[12:39] {Threei} - Initial 30-year TIPS auction. The bid to cover ratio in the last 30-year TIPS auction in Oct of 2001 was 2.23. For reference January's 10-year TIPS auction saw a 2.65 bid to cover ratio.

[12:42] {fernp} LIFE also happy

[12:43] {ese} L drys .71

[12:44] {ese} well .715 to be exact

[12:55] {Threei} not bad WFMI

[13:01] {Threei} (US) Fed's Yellen: Fed is watching the possibility of assets bubbles developing - Q&A (related EUR/USD TLT SHY )

[13:03] {Threei} MIL Reported $6B bid by Thero includes debt - CNBC's Faber (90.15, +18.81, 26.37%)

[13:06] {Threei} MIL has been in the process of auctioning itself for some time, may be other potential bidders - CNBC's Faber

[13:11] {nemo} mmmhhh...vxx dropped wih spy, wouldna' thunk that

[13:11] {patience} .

[13:11] {nemo} fricking mos...was waiting at .05 to short it

[13:17] {Threei} MIL Thermo Fisher Spokesperson: Reportedly states that Millipore bid is a rumor (86.09, +14.75, 20.68%) (related TMO )

[13:17] {Threei} ugh

[13:18] {Threei} why couldn't he say it while we were at 100

[13:22] {nemo} aig new high

[13:33] {ese} i've gotta say....these have been some of the most boring markets these last 2 to 3 weeks

[13:34] {Threei} totally

[13:39] {Les} well if Twiggs is correct and correction is finished; good way to keep daytraders from climbing on

[13:39] {_jfjf64} this is killing me bored

[13:40] {_jfjf64} happy took money out early ty vad

[13:42] {Threei} AIG look sbreaky

[13:42] {Threei} who and wehy would have cared to keep day traders out Les?

[13:45] {Les} I don't care who are what, but the result is the same. gap up, no trades...

[13:45] {Threei} my point iis, it's not about day traders at all

[13:46] {Les} understood

[13:46] {Threei} anyone who is interested in this or that direction would see day traders as liquidity providrs with no net impact on direction

[13:46] {Threei} thus helping his cause

[13:47] {ese} zzzzzzzzzzzzzzzzzzzzzzzz snoorfffffff gaaaaazitttt..........ah hem.....zzzzzzzzzzzzzzzzzzzzzzzzzz

[13:47] {Threei} PCLN CEO: Would consider buying any online travel company, smaller companies in the sector would likely be acquired - conf comments (230.52, -0.05, -0.02%) (related EXPE OWW CTRP SOHU LONG )

[13:48] {nemo} lay on your side so you don't interrupt everybody with your snoring, ese

[13:49] {ese} just noticed saliva running out of the side of my mouth

[13:49] {nemo} happens at your age

[13:49] {ese} lol

[14:02] {ese} ok all......gotta go to a meeting......still long drys.......catch you tomorow.....although i may be able to log in closer to the end ot the trading day

[14:02] {ese} take care

[14:02] {Threei} take care ese

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 520M shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.

[14:07] {Threei} - NASDAQ volume 1.2B shares, about 11% below its three-month average; advancers and decliners are about even.

[14:07] {Threei} - VIX index +0.25% to just over 20.00

[14:08] {Threei} this must be a quiet before the storm

[14:10] {Les} what direction you working with right now? still down?

[14:10] {Threei} no direction at all

[14:11] {nemo} sounds like my nephew

[14:11] {Threei} this can resolve any way

[14:11] {Threei} look at VIX

[14:11] {Les} ok. calm before storm being volatility in either direction

[14:13] {Threei} this VIX drop is nolt tied to market direction, it's purely drop in volatility

[14:13] {nemo} rimm had a little kniption

[14:19] {nemo} tons of shares at .61 just wet by on slb, looks like offer is lifting

[14:31] {nemo} see this on the tips auction?

[14:31] {nemo} * Yield 2.229% vs. Exp. 2.195%, bond was trading at 2.164% just before 1 PM auction

[14:31] {nemo} * Bid To Cover 2.45 vs. Avg. 1.89 (Prev. 2.27)

[14:31] {nemo} * Indirects 42.40% vs. Avg. 45.28% (Prev. 47.45%)

[14:31] {nemo} * Indirect Hit Ratio of 88.05%

[14:31] {nemo} * Allotted at high 66.57% - large number on the margin

[14:31] {nemo} * Direct bidder take down 6.4%

[14:32] {nemo} first 30 year tips since 81

[14:32] {nemo} 01 sorry

[14:38] {Les} TM 73 b/d?

[14:38] {nemo} we're a tad short on volume today

[14:39] {Les} and?...

[14:39] {nemo} you're a sheila

[14:39] {Les} :P

[14:39] {Threei} yes les

[14:39] {Threei} just keep size smallish

[14:40] {Les} some big orders at 73

[14:40] {nemo} understatement

[14:40] {strider} I'm gone for the day guys. Had a really good morning...want to keep it. see you tomorrow.

[14:40] {Threei} take care strider

[14:40] {Les} ciao

[14:41] {strider} :)

[14:41] {Threei} AIG broke

[14:41] {Threei} this I enjot:

[14:41] {Threei} enoy

[14:41] {Threei} ECB's Bini-Smaghi: the Euro is solid and has protected member states from the financial crisis (update) (related EUR/USD EUR/CHF EUR/JPY )

[14:41] {Threei} uhhu

[14:41] {nemo} aig has been bouncing off a trend line since noon

[14:42] {Threei} whewe is dino

[14:42] {nemo} with magoo

[14:42] {Threei} this is totally fromn the "we don't need any more capital" category

[14:44] {Threei} Germany to Bini-Smaghi: Hello? who exactly protected whom?

[14:50] {Threei} (GR) IMF spokesperson says IMF staff is in Greece this week at the request of the govt

[14:50] {Threei} vacation I am sure

[15:01] {Threei} been quite a while since we had so boring day

[15:02] {Les} just read today of another movie I need to see

[15:02] {Les} hurt locker

[15:02] {Les} anyone seen it?

[15:02] {_jfjf64} shhoot me

[15:02] {Les} no jf, "hurt locker"

[15:05] {_jfjf64} lol

[15:07] {Les} no one seen it? here I thought we were film aficionados...

[15:07] {nemo} I'll download it tonight

[15:07] {Les} kicked Avatar's butt in British film awards.

[15:07] {nemo} BFD

[15:07] {_jfjf64} yup nemo

[15:08] {nemo} bloody poms

[15:08] {Les} lol, looking up ticker BFD haha

[15:08] {Les} I'm wet behind the ears

[15:08] {nemo} kinda' my fault

[15:08] {_jfjf64} hurt locker

[15:08] {Les} funny in that its james camerson's ex-wife who beat the man at the award ceremony

[15:09] {nemo} one of them

[15:11] {_jfjf64} good night all got to get out of here before i do somethin stupid takin my profits and runnin

[15:11] {Les} ciao

[15:12] {nemo} ciao bene

[15:12] {Threei} take care jf

[15:13] {patience} .

[15:13] {nemo} fas breaking highs

[15:17] {Les} slw

[15:17] {Les} wrong screne

[15:22] {nemo} fas mind of it's own

[15:33] {Threei} (CA) Canada govt official: Canada's economy remains fragile, Canada will not change course on stimulus spending

[15:33] {Threei} - Canada budget includes plan to cut deficit.

[15:33] {Threei} - Not looking to raise taxes in order to cut deficit.

[15:34] {Threei} Market Internals update at 3:30pmET

[15:34] {Threei} - NYSE volume 675M shares, about 15% below its three-month average; advancers lead decliners by 1.1:1.

[15:34] {Threei} - NASDAQ volume 1.55B shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.

[15:34] {Threei} - VIX index +0.25% to just over 20.00

[15:44] {Threei} kik, in lasar 5 min SPY covered more than half of dauly range

[15:45] {nemo} ?

[15:45] {nemo} you mean last 5 minutes

[15:45] {Threei} sheesh, what's with this frikin keyboard

[15:45] {nemo} tovarich

[15:45] {nemo} your frikin fingers

[15:45] {Threei} I need to change it, something aboput layout here is horribly wrong

[15:46] {Threei} previous one was way easier to tyope without looking at each key

[15:46] {Threei} that "kik" was supposed to be lol

[15:46] {nemo} lol

[15:47] {Threei} keys moved a bit closer, and my fingers hit next ones

[15:53] {nemo} slb almost 85m shares today

[15:55] {Threei} I'd have hard time remembering a day when I made just twqo calls

[15:56] {Threei} I don't think it happened ever

[15:57] {Threei} have a good evening guys, see you tomorrow

[15:57] {billyc} gn all thanks for the calls good day

[15:57] {Les} ciao

[15:57] {nemo} c ya

Feb 19 2010

Day started with very nice WFC long - and then turned into stopfest, with three plays in row getting topped out after almost hitting profit target. It took careful and patient trading to take the day back to even, and then finally to profit by spectacular long entry on VXX shakeout - check out this trade at 13:59, comments starting with "better try to get in on pullback." All in all, teeth-pulling kind of day but two-week long winning streak remains uninterrupted.

Session Time: Fri Feb 19 00:00:00 2010

[08:14] {Threei} (US) Preview: Jan Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am E

[08:14] {Threei} ***Consensus expectations

[08:14] {Threei} - Consumer Price Index m/m: 0.3%e vs 0.1% last. (range of estimates 0.0% to +0.6% )

[08:14] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)

[08:14] {Threei} - CPI NSA: 217.053e v 215.949 last.

[08:14] {Threei} - CPI Y/Y 2.8%e v 2.7% prior; core CPI Y/Y: 1.8%e v 1.8% prior

[08:30] {Threei} *(US) JAN CONSUMER PRICE INDEX M/M: 0.2% V 0.3%E; CPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E; CPI NSA: 216.68 V 217.053E

[08:33] {nemo} didn't move the indexes yet...makes sense, yesterday was the first shot across the bow. One datapoint does not a trend make

[08:34] {Threei} I guess

[08:38] {Les} afternoon gentlemen

[08:39] {ese} good morning

[08:39] {Les} hi ese

[08:39] {ese} hey les

[08:39] {ese} dude

[08:39] {Threei} Les, ese :)

[08:39] {ese} vad

[08:39] {Les} Nemo, HELLO!

[08:39] {Les} :)

[08:40] {Les} been watching FSLR since 116.50 b/o setup after 8 am. made a buck easy

[08:41] {Les} took a hit after decent earnings release

[08:42] {nemo} Hi Les

[08:43] {Les} if I tell you to belt up Nemo...

[08:43] {Les} know that it is in good humour

[08:43] {Les} my wife has me licked

[08:43] {Les} the kids don't listen to me

[08:43] {Les} so I seek to assert authority on virtual colleagues now

[08:44] {Les} but always in good humour :)

[08:45] {Les} rain finally melting snow away here

[08:46] {nemo} that interest rate rise is having minimal effect so far except on gold and the $, haven't seen oil yet

[08:48] {Threei} slightly down

[08:48] {Threei} nothing groundshaking

[08:50] {Les} reading commentary that remarks "forget Bernanke now, watch China's central bank"

[08:50] {Threei} (US) PIMCO's Bill Gross: Discount rate increase is a slight signal; other rate changes not due for at least 6 months - CNBC

[08:50] {Threei} - Favors "steepening, steepening, steepening" of US yield curve with Fed set to maintain existing policy for forseeable future, notes the spread bewtween the long bond yield and short end may be as steep as it will get but expects it to stay here for some time

[08:50] {Threei} - Does not expect the Fed to move on the discout rate anytime soon, move was likely to appease the hawks on FOMC.

[08:52] {Threei} - Says timing of discount rate move yesterday was a bit surprising even though it was telegraphed.

[08:52] {Les} Wasn't premature rate rises responsible for 2nd leg down in Great Depression?

[08:53] {Threei} depends on who you ask

[08:53] {Threei} they still can't aree on what actually worked and what didn't to end it

[08:54] {Threei} oil is almost back to breakeven nemo

[08:54] {Les} hmm. so Bernanke has hands tied -$100B treasury sale next week apparently - or trying to please some critics

[08:54] {Les} whatever

[08:54] {Threei} whatever is right

[08:55] {Threei} you are looking for sensible action by a man who said housing crisi was about over - in 2005

[08:55] {Les} hah

[08:55] {Les} seems to be driving gold all over the place

[08:56] {Threei} CSIQ margings decreased for 2010

[08:56] {Threei} now, tell me someone... why did we bpther to cover AMLN yesterday just before closer?

[08:57] {Threei} good 50 cents below our short entry

[08:57] {nemo} had a big spike first on short covers

[08:57] {Les} nice. wanted to ask you that but preferred cash up front.

[08:59] {Threei} I'd coiver it anyway... just fooling around

06[08:59] * nemo slaps Threei around a bit with a large trout

[09:00] {fernp} Good morning everybody

[09:01] {Les} hi fern

[09:01] {Threei} fern :)

[09:01] {nemo} any news on mos

[09:02] {Threei} (IN) Canpotex concludes new Q2 supply contract to India covering shipments through June 2010

[09:02] {Threei} - Canpotex's Q2 supply contract to India covering shipments through June 2010 at a contract price of $370.00/MT CFR.

[09:02] {Threei} - This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.

[09:02] {Threei} - Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.

[09:02] {Threei} - Canpotex is a marketing firm used by three Canadian fertilizer industry members (POT, AGU, and MOS) to negotiate contracts overseas.

[09:04] {Threei} Obama to Rename Iraq Military Mission

[09:04] {nemo} wow...a new name

[09:04] {Threei} oh good, new name is long due, and will materially change everything

[09:05] {Threei} March crude trades back to levels seen before the Discount rate hike above $79 (related USO GLD )

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:17] {nemo} more obscene profits today dino?

[09:17] {dino} one can only hope

[09:18] {i2romantis} morning all

[09:18] {Threei} i2r :)

[09:19] {dino} fsys

[09:19] {dino} slb

[09:20] {dino} apol

[09:20] {dino} esi, etc watch ed's

[09:20] {dino} solar too

[09:20] {Threei} see CSIQ dino?

[09:21] {larisa} gm everybody :)

[09:21] {dino} solar, yes

[09:21] {Threei} larisa :)

[09:21] {ese} just lookin at that dn 2 and change

[09:21] {dino} uthr, somebody new a couple days ago

[09:21] {ese} csiq that is

[09:21] {i2romantis} Dell as well

[09:22] {ese} ya dino....noticed ceco and coco making a move the last couple of days

[09:23] {dino} esi support around 93

[09:23] {Threei} I don't have clear opening plays so far

[09:23] {Threei} this after hours little turmoil and cosequent bounce messed things up a bit

[09:23] {ese} actually ceco made a big move yesterday....my bet is it will pause today

[09:23] {Threei} will wait out a few min after open to see ranges forming

[09:24] {dino} hmmm uthr was approved by us fda in july, seems to be euporean data issue

[09:25] {ese} how did you make out with orly yesterday after i left

[09:25] {dino} wow spam w/cheese

[09:25] {lasertrev} gm

[09:25] {Threei} trev :)

[09:25] {ese} huh

[09:26] {dino} just on cnbc

[09:26] {ese} is that what mags has for breakfast in the morning ....spamw/cheese

[09:27] {ese} thats a shock to the system if i ever heard of one

[09:28] {_jfjf64} mornin all

[09:28] {Threei} jf :)

[09:28] {ese} jf

[09:28] {strider} good morning, everyone.

[09:28] {Threei} strider :)

[09:29] {nemo} ?

[09:29] {dino} watch gaps imo, ndx 1779, s/p 1075

[09:31] {_jfjf64} ty dino

[09:32] {ese} st

[09:32] {dino} ?

[09:32] {nemo} apol down 10%

[09:32] {Threei} CSIQ, let's see if we can find short entry into bounce

[09:33] {Threei} {CSIQ} as if I ever wanted to bounce

[09:34] {Threei} Long Setup: WFC .15 break

[09:34] {Threei} if holding above .05

[09:35] {Threei} 1:1

[09:35] {_jfjf64} ty

[09:36] {Threei} yw

[09:36] {dino} out wfc .30, ty vad

[09:36] {dino} +.15

[09:36] {Threei} :)

[09:36] {_jfjf64} go baby gobaby go

[09:37] {Threei} you remember the routine, right jf?

[09:38] {_jfjf64} ??

[09:38] {Threei} if you are afer more than scalp, partial out around 1:1, trail stop to b/e

[09:39] {ese} L amtd .01

[09:39] {_jfjf64} yup ty

[09:40] {ese} out amtd .10 +.09

[09:40] {Threei} just making sure your Roman Holiday didn't eliminate trading skills altogether {G}

[09:40] {dino} gj

[09:41] {Les} AMLN vad?

[09:42] {_jfjf64} intu .80 break

[09:42] {nemo} big stop

[09:42] {Threei} AMLN if anything is short

[09:43] {Threei} no clear play

[09:43] {Les} ty

[09:43] {Threei} (US) Preview: Q4 Mortgage Delinquencies due out at 10:00ET

[09:43] {Threei} ***no analyst expectations for the Q4 number. In Q3 the delinquency rate rose to 9.64%, the seventh straight rise.

[09:43] {Threei} - with the release of the Q3 data in November, the MBA noted

[09:43] {Threei} they expect unemployment to keeping rising into the first quarter of 2010, which means we will most likely see even higher rates of delinquencies and foreclosures.

[09:45] {dino} uthr sm l .25

[09:46] {dino} stop lod

[09:47] {dino} fsys raises and drops

[09:49] {Les} WFC .15 b/d?

[09:49] {Les} or perhaps .13?

[09:49] {Threei} nsh

[09:49] {ese} L cy .12

[09:49] {Threei} Short Setup: CSIQ .75 break

[09:49] {Threei} half lot

[09:50] {Threei} if stays under .90

[09:50] {nemo} long if breaks .90?

[09:51] {Threei} not by me

[09:51] {nemo} and stays above .80?

[09:51] {ese} out cy .12 -.01....momo stopped

[09:52] {Les} ty dino out uthr +.36

[09:52] {dino} out uthr .86, +.61

[09:54] {Threei} 1 cent shy of 1:1??

[09:54] {Threei} oh well

[09:54] {nemo} yeah, stopped out at .80

[09:55] {dino} gj les

[09:56] {ese} L apol .15

[09:57] {ese} stop.00

[09:57] {billyc} gm all

[09:58] {Threei} billy :)

[09:58] {ese} stopped .99 -.16

[09:58] {ese} thought sure it was gonna keep goin after breaking the highs

[09:58] {Threei} ugh

[09:59] {Threei} XNPT got away, broke .90 while I was stiill thinking whether it was sworthy alert

[10:00] {Threei} *(US) Q4 MORTGAGE DELINQUENCIES: 9.47% V 9.64% PRIOR

[10:02] {ese} was just looking at xnpt vad

[10:02] {ese} gotta be some potential there

[10:02] {ese} short covering for sure

[10:02] {ese} bounce of .90 maybe

[10:03] {Threei} worth try near .90

[10:03] {Threei} Short Setup: PRU .20 half lot

[10:04] {Threei} Mortgages in foreclosure at 4.58% v 4.47% q/q

[10:04] {Threei} - percentage of loans on which foreclosure actions were started at 1.20% v 1.42% q/q

[10:04] {Threei} - Mortgage Bankers Association: 15% of US mortgages were in foreclosure or delinquency (remains a record); with loans 90 days past due arecord

[10:05] {Threei} stop above .30

[10:06] {Threei} Short Setup: HIS .80 break

[10:06] {ese} l sm xnpt 500shs

[10:07] {Threei} srop above .85

[10:07] {ese} .05

[10:07] {strider} HIS?

[10:07] {larisa} HIG you mean?

[10:07] {Threei} grr

[10:07] {Threei} HIG

[10:08] {larisa} these 2 letters are not even next to each other :)

[10:09] {nemo} stopped

[10:09] {Threei} no worky

[10:09] {fernp} stopped

[10:10] {strider} what , PRU?

[10:10] {nemo} yeah, broke .30

[10:10] {strider} was half lot, I'm using higher stop.

[10:11] {nemo} see that green bar that started above the red, if you get a pullback to .25 and it starts back up...get out

[10:11] {fernp} PRU stopped

[10:12] {Threei} DNDN Hearing renewed takeover chatter circulating

[10:12] {Threei} - AZN rumored as a potential acquirer

[10:14] {dino} tlvt

[10:15] {Threei} RIMM Motorola alleges smartphones are infringing patents

[10:16] {strider} stopppede HIG

[10:16] {ese} csiq ...would have been a nice one at 21.13

[10:17] {nemo} market die?

[10:20] {fernp} LVS, Vad? .25 breakout?

[10:21] {_jfjf64} watchin also

[10:21] {ese} L schw .52

[10:21] {Threei} I think so fern

[10:21] {fernp} ty

[10:22] {Threei} weould be nice if held .20

[10:22] {Threei} if drops closer to the next support around .15, I'd rather seek aggressive entry

[10:23] {gen} HAL looks good

[10:23] {Threei} .80 break?

[10:23] {nemo} vwap .16 on lvs,

[10:23] {Threei} and welcome back, gen

[10:24] {gen} ☺

[10:24] {strider} did you bring the tonic with you?

[10:25] {Les} out esi +.29 ty for your list dino

[10:25] {ese} GENNNNNNNNNN

[10:25] {ese} !!!!!!!!!!!!!

[10:25] {dino} gj

[10:26] {dino} tlvt sm l .75

[10:27] {dino} stop .47

[10:30] {ese} 1/2 out schw .56 +.04

[10:31] {dino} gj

[10:32] {ese} ceco on the move again dino

[10:32] {ese} anyone catch it around 21.70

[10:33] {ese} sorry 25.70

[10:33] {dino} swm sm l .no

[10:33] {dino} opps, not in swm, no to ceco

[10:33] {dino} watching swim

[10:34] {Les} WCG

[10:35] {gen} UTHR

[10:35] {_jfjf64} arun .30 break

[10:35] {dino} wcg want zip into hi 25s

[10:36] {Threei} not finding much today

[10:37] {dino} watch these 3i, fsys, wcg, swm, tlvt, orly, cab

[10:37] {Threei} well... those are your style

[10:37] {dino} we missed clw

[10:38] {Threei} except maybe WCG

[10:38] {dino} fsys want double bottom area

[10:38] {dino} wcg feels like games to 25s

[10:40] {Threei} I'd take half lot on .40 break

[10:40] {Threei} if holding .30

[10:41] {dino} wcg?

[10:41] {Threei} yeah

[10:41] {dino} ok

[10:41] {Threei} not holding anywaty, moot point

[10:41] {dino} i want 25.80s

[10:41] {dino} swm higher lows

[10:42] {dino} .48, then. 60, ow .64

[10:43] {nemo} .19 is pivot support for wcg

[10:45] {dino} .75 sm l fsys

[10:45] {gen} AET

[10:46] {nemo} new high spy

[10:46] {nemo} and qs

[10:46] {Threei} Short Setup: VXX .60 break

[10:48] {fernp} stop above .70, no?

[10:48] {dino} ugh swm

[10:48] {Threei} yes

[10:50] {Threei} today seems to be the day for .8:1

[10:51] {Threei} noticed how many of them reverse just couple cents shy of 1:1?

[10:52] {dino} out tlvt .44, +.69

[10:52] {Threei} wtg

[10:52] {dino} ty

[10:52] {Threei} this is your day dino

[10:52] {nemo} obscene

[10:52] {Threei} I'll shy away

[10:52] {Threei} first WFC trade was all I could squeeze out of myself

[10:52] {dino} chaos is my ty;e, those gap up and stasy opens kill me

[10:53] {dino} typos

[10:53] {dino} vxx may work, if we go green

[10:54] {nemo} where are the strikes on the spy and qs?

[10:54] {Les} spy 110

[10:54] {dino} dk nemo, just seems the play 5s and 0s w/lots of stocks

[10:55] {Les} q's 45

[10:55] {nemo} my point, if we're in the area where the majority of options expire worthless, we ain't gonna' move much

[10:55] {dino} 5 and 0, hmm

[10:55] {nemo} see if tvlt holds .90

[10:55] {nemo} tlvt

[10:55] {dino} yeah, imo, most are done by open tho, usually {5 days and in

[10:56] {dino} by open on exp

[10:57] {Les} max pain for spy and q's

[10:57] {gen} UNG short

[10:58] {dino} there is a site for max pain

[10:58] {ese} L xnpt avg price .10

[10:59] {Les} http://www.optionpain.com/MaxPain/Max-Pain.php

[11:00] {nemo} how fitting Les came up with that

[11:01] {Les} hmm

[11:01] {Les} couldn't find the max-pain-in-the-butt-with-nemo site :)

[11:01] {Threei} UNG way too narrow gen

[11:01] {nemo} nice

[11:02] {nemo} touche

[11:03] {Threei} very nice on XNPT esew

[11:03] {Les} dino, APOL at 57. A double bottom?

[11:04] {Les} stupid me. course not

[11:04] {Les} bounce

[11:04] {dino} dk, db looks like 54s

[11:04] {dino} 55s

[11:05] {Threei} ITC rules that US companies have been negatively impact by China drill pipe (related X NOV )

[11:05] {dino} and i have been negatively impacted by high taxes

[11:06] {Les} you mean you will be...

[11:06] {Threei} I also hate high-flying CDN

[11:07] {Les} APOL .05 b/d Vad?

[11:07] {strider} out VXX +.03

[11:08] {Threei} I think so Les

[11:08] {Threei} but make a wind correction on me being wrong today more often than not

[11:08] {Les} gotcha

[11:09] {ese} out xnpt .36 +.26 2.5k

[11:09] {Threei} wtg

[11:09] {Threei} ffffff

[11:09] {Threei} ffffff

[11:09] {Threei} ffffffinallly VXX

[11:09] {nemo} there goes vxxx

[11:09] {ese} worked out well.......just trying to make dino proud of me

[11:09] {Les} that's almost equally obscene ese

[11:10] {Threei} OK... that would 2 out of 5 for today for me

[11:10] {ese} out schw remainder .57 +.05

[11:10] {fernp} ty Vad

[11:11] {Threei} all I need is 3-4 more wins, to keep 2 weeks long winning streak uninterrupted

[11:11] {dino} wtg es

[11:11] {Threei} or I can settle for Beattles version

[11:12] {dino} vxx vad, target?

[11:13] {Threei} under .40 to play it safe

[11:13] {Threei} getting a bit extreme

[11:13] {dino} ok, bstop ast .47

[11:13] {dino} at

[11:13] {dino} ty btw

[11:13] {Threei} of course it always can become even extremer so to speak, but I prefer to paly it on safe side today, I am not in the best shape obviously

[11:13] {dino} trying to assimulate your early mornings w/my later day

[11:14] {Threei} welcome sir

[11:14] {dino} have to step it up a bit, r.e. buys

[11:14] {gen} HAL works well

[11:15] {Threei} under .40 VXX

[11:15] {dino} to .40

[11:15] {nemo} I think we're going to have a helluva rally

[11:15] {Threei} as far as I am concerned, play is over

[11:15] {dino} to .30

[11:15] {dino} cov .30, +.30 ty vad

[11:15] {Les} what do you mean?

[11:15] {Les} play is over

[11:15] {Threei} welcome dino

[11:15] {nemo} he's out les

[11:15] {Threei} mean, time to close position

[11:15] {strider} Guess what? Tiger is sorry.

[11:16] {Les} you refering to vxx still?

[11:16] {Threei} all tigers usually are... after dinner

[11:16] {strider} Nobody loves a sinner.......but everyone loves a repentant sinner.

[11:16] {Threei} yes Les

[11:16] {dino} bingo strider

[11:16] {Les} repentance. yes, let's see some tears on screen

[11:16] {Threei} I don't know about first part strider

[11:16] {dino} misery luvs company

[11:16] {Threei} in my sinning days amny seemed to love me

[11:17] {Threei} many

[11:17] {dino} "live in sin, come on in" king

[11:17] {Threei} good one dino... I was trying to remember what it reminded me, you helped :)

[11:18] {dino} tiger's new logo

[11:18] {Les} half out APOL +.14

[11:18] {Threei} Tiger Woods apologies for his actions; says he will go back to treatment tomorrow; will not rule out returning to golf this year (related NKE ERTS )

[11:19] {Les} treatment :)

[11:19] {Les} oh yeh I can see relaxing massages, spa therapy, blond shrink in mini skirt...

[11:19] {Les} stop me now

06[11:20] * nemo slaps Les around a bit with a large large splitting axe

[11:20] {Threei} good one on APOL

[11:20] {Les} there, you are back in form again Nemo

[11:20] {Les} starting to get worried by lack of fish slappings in recent days

[11:21] {dino} gj les

[11:21] {Threei} and yes, I don't believe in notion of sex addiction as a sickness

[11:21] {Threei} total hogwash

[11:21] {dino} nor i

[11:21] {Les} I'm willing to

[11:21] {dino} whatever happened to accepting responsibility.

[11:22] {Les} all out .80 +.25

[11:22] {dino} and, really thinking about tiger, so what...it is not our concern if he wants to fool around

[11:22] {Threei} it got buried in the grave next to its brother Commin Sense

[11:23] {Les} it is your concern dino, this is america we're talking about

[11:23] {Les} http://www.mcclatchydc.com/cartoons/gallery/85105-a86096-t3.html

[11:24] {nemo} triple digit green today?

[11:24] {dino} lol

[11:24] {nemo} I'm not kidding

[11:24] {dino} lol was to les

[11:24] {nemo} that would be the most unexpected after Bernanke

[11:24] {Threei} nemo, I think yes but I have to continue saying triple red

[11:24] {dino} triple? best guess flounder between hi and low today

06[11:25] * nemo slaps Threei around a bit with a large broken record

[11:25] {Les} yeh well Asia falling like that made it to convenient

[11:25] {nemo} They absorbed it

[11:28] {Threei} 73% Agree That Washington Is Broken

[11:30] {gen} ZION never stops

[11:30] {nemo} or x

[11:30] {Threei} neither do zionists

[11:31] {Les} WCG .05 b/d Vad?

[11:31] {Threei} not until martix is destroyed

[11:31] {Threei} probably Les... but keep it half lot

[11:32] {fernp} MMM, Vad? .40 b/o?

[11:32] {Threei} scary one fern

[11:32] {fernp} lol, ok

[11:33] {Threei} can drop 20 cents in a blink of eye if rug is pulled

[11:33] {fernp} true

[11:39] {dino} sidetracked here, back in a few

[11:39] {nemo} so, is that a bull flag on the spy?

[11:41] {nemo} wow ree

[11:41] {nemo} cree

[11:42] {gen} AOL

[11:43] {gen} X

[11:46] {ese} Pro D day at my school see ya monday........

[11:48] {Threei} take care ese

[11:48] {fernp} bye ese

[11:57] {gregns} .

[11:59] {nemo} next leg

[11:59] {Les} l apol .21

[12:02] {Threei} I'll abandon VXX short as the way to play market long from now on

[12:02] {Threei} it will be good long on market reversal, but not the other way around anymore

[12:10] {dino} wcg sm ; .00

[12:10] {dino} ave

[12:10] {dino} long

[12:10] {nemo} $ been slowly falling all morning

[12:12] {Les} missed 1:1. out flat apol

[12:13] {dino} you're liking the movers, huh les

[12:14] {Les} yeh but got daughter's cartoon on other screen competing for attention. will give up while I'm ahead

[12:19] {fernp} QGEN, any read Vad?

[12:20] {Threei} I like it for .60 break

[12:20] {Threei} don't expect much from it

[12:20] {Threei} but looks good for a scalp

[12:20] {fernp} five cents?

[12:20] {fernp} ok ty

[12:20] {Threei} maybe 10 if market picks up and makes new highs

[12:21] {dino} wow clw

[12:22] {nemo} not your kind of stock only .06 spread

[12:24] {nemo} amzn dropping

[12:25] {nemo} bounce area

[12:25] {nemo} 200 at .05

[12:25] {nemo} open at .85

[12:32] {Threei} yawn

[12:32] {nemo} lunch time

[12:32] {fernp} CSE good volume

[12:39] {i2romantis} yawn x 2

[12:47] {Threei} wow... that's some serious paralysis

[12:47] {nemo} not for x

[12:48] {larisa} was thinking the same :)

[12:48] {Threei} you two

[12:48] {nemo} about paralysis or X :)

[12:48] {Threei} found one sinjgle moving stock in the whole 3 ewxchanges

[12:48] {larisa} X

[12:48] {Threei} and threw it in my face

[12:48] {nemo} stuck your chin out

[12:49] {nemo} rimm resistance at .65

[12:54] {dino} wow i killed the movement in wcg

[12:54] {nemo} you went in at lunch

[12:55] {dino} yes, but still

[12:55] {nemo} Oh...I get it...Biiiiig Dino thinks he's the reason the stock stopped,

[12:55] {nemo} amzn sudden drop

[12:56] {nemo} well...rimm has to make a decision soon

[12:58] {Threei} BRK.B moves too

[12:58] {Threei} there... found second one

[12:58] {nemo} cree

[13:00] {Threei} (CA) Senior Canadian official: Canada to oppose G20 plans to put a global bank tax in place; not opposed to bank tax in other countries, but will not impose one in Canada (related USD/CAD )

[13:00] {Threei} I am proud

[13:01] {larisa} then it would not be global, right ? :)

[13:01] {dino} i am moving to canada

[13:01] {Threei} Canada is saying "we want another globe" Larisa

[13:02] {Threei} Market Internals update at 12:00pmET

[13:02] {Threei} - NYSE volume 515M shares, about 19% above its three-month average; advancers lead decliners by 1.4:1.

[13:02] {Threei} - NASDAQ volume 925M shares, about 1% below its three-month average; advancers lead decliners by 1.1:1.

[13:02] {Threei} - VIX index -2% to just over 20.00

[13:02] {Threei} - Note: Today is options expiration

[13:02] {Threei} VIC is getting extreme again

[13:02] {Threei} VIX

[13:03] {Threei} ECB's Wellink: Basell II needs changes; the urgency for financial reform has ebbed but it is still necessary

[13:03] {Threei} heh

[13:04] {Threei} Long Setup: VXX .25 break

[13:05] {dino} these guys are idiots, if the regulators enforced the rules they would not have had the problem

[13:05] {dino} thery just don't get it

[13:05] {nemo} yeah, but by passing new ones they look like they're doing something

[13:05] {nemo} and then don't have to

[13:06] {fernp} stop under .20, no?

[13:06] {dino} the contrarian in me says we have too many rules already

[13:06] {dino} just let the failures, fail

[13:06] {nemo} I'm with you Dino, rules are talk and that's what bureaucrats and politicians do best

[13:06] {dino} agreed

[13:07] {Threei} I'd keep it under day's low

[13:07] {dino} they say these new rules, but fnm, fre have gone back to almost zero down again....uhhhhh

[13:07] {fernp} ok .17 stop

[13:09] {nemo} you can do a .175 cover :)

[13:13] {nemo} $ dropping

[13:14] {Threei} should jump over .30

[13:21] {fernp} out here, ty Vad, lunchtime

[13:21] {fernp} .32

[13:21] {strider} lunchtime????

[13:22] {Threei} :)

[13:23] {strider} he must have a date with a rosebush.

[13:24] {Threei} here we go

[13:24] {Threei} 1:1

[13:25] {Threei} 3 for 6, even for the day

[13:27] {_jfjf64} you movin stop up vad

[13:28] {Threei} just took scalp jf

[13:28] {Threei} it's like pulling teeth today

[13:28] {_jfjf64} ty me too lol

[13:28] {Threei} don't want to get stuck

[13:29] {Les} csiq 21 break?

[13:30] {Les} l csiq .01

[13:33] {Threei} can't make up my mind on it Les

[13:33] {Les} neither can csiq

[13:34] {Threei} larisa, close your eyes for a second

[13:34] {Threei} guess who is on TV!

[13:34] {nemo} Catherine McCormack

[13:37] {Les} I saw a pretty woman today in UK film awards, damn can't remember her name

[13:37] {nemo} oh

[13:37] {Les} got it

[13:37] {Les} Carey Mulligan

[13:40] {larisa} when brunnete she looks a lot like Katie Holmes

[13:40] {i2romantis} XNPT on the move

[13:41] {Les} enjoyed her in Bleak House - adaption of Dicken's novel

[13:42] {nemo} amzn lod

[13:43] {nemo} not quite but getting there

[13:51] {Les} stopped csiq

[13:56] {Threei} XNPT quite a move

[13:58] {_jfjf64} yup

[13:59] {_jfjf64} vxx .40 break vad

[13:59] {Threei} better try to get in on pullback

[13:59] {Threei} way safer with VXX

[14:00] {Threei} here it comes

[14:00] {_jfjf64} hmm

[14:00] {Threei} take first strength

[14:01] {Threei} .26

[14:01] {Threei} srop under .20

[14:01] {Threei} stop too

[14:02] {Threei} whatever happens, see how muvh safer it is

[14:02] {dino} qnst

[14:02] {Threei} you buy the pause on sharp drop into support

[14:02] {_jfjf64} y

[14:02] {Threei} stop is very tight

[14:02] {dino} nah

[14:02] {Threei} idds are much better

[14:03] {Threei} odds too

[14:03] {Les} I liked idds

[14:03] {Threei} and as it bounces, you get 1:1 and more as it merely approaches that .40 resistance

[14:04] {_jfjf64} promise

[14:07] {_jfjf64} lets go

[14:07] {Threei} {VXX} yes sir

[14:08] {Threei} {VXX} how high sir?

[14:08] {_jfjf64} .40 .40

[14:10] {Les} no i'll take .60 -.80

[14:11] {Threei} 1:1

[14:12] {Les} done ty

[14:12] {Threei} half out for me

[14:12] {Threei} srop to .24

[14:12] {_jfjf64} me tooooooooooooooooo

[14:12] {Threei} will try to milk this one

[14:13] {Threei} perfect plan perfectly executed if I may sat so

[14:13] {_jfjf64} sounds lk plan

[14:13] {Les} that was a textbook drop into support

[14:14] {Threei} and we were right there anrticvipating it and exploiting it

[14:14] {_jfjf64} seems lk i never was gone

[14:14] {Threei} :)

[14:15] {i2romantis} XNPT is still running, nice

[14:15] {Threei} staing on my normal humble message, gotta say, I am proud of how I handled this day

[14:15] {Threei} patiently waiting pout period os stops, filling the hole and getting pout of it

[14:16] {i2romantis} XNPT was a god's gift today

[14:16] {i2romantis} for me

[14:16] {Threei} :)

[14:16] {_jfjf64} yes vodka in left hand mouse in right good job

[14:16] {Threei} eqzaktly

[14:16] {Les} damn it. that's two days in a row the best trade has come during lunch break

[14:17] {Threei} most of satisfaction in this VXX entry comes from fact that we found the way to stay with smart money

[14:18] {Threei} while amaterurs were trying to buy the break and smart money were shakling them out, we got in at the exacr end of that shakeout

[14:18] {dino} gj

[14:19] {Threei} 4 for 7

[14:19] {Threei} back in black

[14:19] {dino} 4/4 w 2 still on

[14:19] {Threei} you are phenomenal today dino

[14:19] {Threei} your day

[14:19] {dino} 2 wins of the 4 were your calls

[14:20] {Threei} good selection, lol

[14:26] {dino} lol checked yesterday, 8 of 12, but wed only 5 of 10

[14:27] {Les} REGN .68 b/o vad?

[14:28] {Les} actually no

[14:29] {Les} running straight into yesterdays low

[14:29] {Les} b/d rather

[14:30] {Threei} I am thoroughly confused, so I'll have to say, I don't see any play in it, either side

[14:31] {Threei} US DOJ files Supreme Court appeal seeking to revive tobacco racketeering case over $280B in payments

[14:31] {Threei} - requests that the Supreme Court uphold the qutting smokg and public education remedies

[14:31] {Les} that's alright, just leave me alone in my little world please

[14:31] {Threei} no problem at all - as long as no one ruins mine

[14:36] {Les} APOL .90 b/d?

[14:36] {i2romantis} XNPT

[14:38] {Threei} can't tell Les

[14:38] {Les} I liked it until it bounced back

[14:40] {i2romantis} There's a rumor on XNPT that seems to be real

[14:40] {nemo} a real rumor or a rumor that's true

[14:40] {nemo} thus not a rumor

[14:40] {nemo} I think I better get a drink

[14:41] {Threei} nothing on the wire

[14:41] {i2romantis} not real until proven not a rumor :)

[14:41] {Threei} if it's on some message board, well... they cook them eright there :)

[14:42] {Les} haha the message board. I learnt well the message board universe playing SPNG

[14:43] {Les} only thing seperating those loonies from me is Vad's wisdom

[14:43] {Threei} wisdom eh

[14:44] {i2romantis} :)

[14:44] {Les} can't think of anything else

06[14:44] * Threei assumes a famous Rodin sculpture position... Thin... Think... hard to even type that... THINKER! there

[14:45] {Les} APOL back to .90. this setup any better?

[14:46] {Threei} a bit, yeah

[14:47] {Threei} not ny much but

[14:47] {Threei} first one was 50/50, this is 51/49

[14:47] {Les} ;) friday night casino. why not...

[14:47] {Threei} if you feel like it

[14:47] {Threei} I worked way too hard to save this day

[14:48] {Threei} don't want to ruin it

[14:51] {i2romantis} That's why it was a god's gift, Vad, for me

[14:51] {i2romantis} when I say that, it means I was a bad boy today, going against the plan

[14:51] {i2romantis} but glad to have saved the day

[14:52] {i2romantis} wondering where XNPT is going to finish today, I'm feeling like I'm spamming here :)

[14:52] {Les} APOL with 6 cent stop now. can't get better than that

[14:52] {Threei} lol, who

[14:52] {Threei} us?

[14:52] {Threei} we are not spammable

[14:53] {strider} GET GREAT DEALS ON VIAGRA NOW!

[14:53] {Les} really. where?

[14:54] {strider} Follow the yellow brick road.

[14:54] {Les} laughed to read that prostitutes in Swiss canton next to Milan learning to use defibrillators

[14:55] {Les} old italian men come from italy where brothels are illegal

[14:55] {Les} sexed up with viagra

[14:55] {nemo} don't want customers coming and going

[14:55] {Threei} well, with aging population and all...

[14:55] {Les} too many have heart attacks while in situ

[14:55] {nemo} great way to go

[15:02] {Threei} ...aaand, guess who is back on TV

[15:02] {Les} Larisa's right

[15:03] {dino} darth vader?

[15:03] {strider} Haile Selassie?

[15:03] {nemo} sophie marceau

[15:03] {Les} Selma Blair

[15:03] {nemo} yech

[15:04] {Threei} about what les?

[15:04] {Les} need a new game

[15:04] {Threei} careful

[15:04] {Threei} larisa gets away with a lot of things you won't

[15:05] {Les} crap. Larisa's not here to back me up.

[15:05] {Les} ok. I take it back

[15:05] {Threei} you better - especially considering that you offer your gusses

[15:06] {Les} I'm pretty desperate for names. gotta check DVD's scattered around living room for names

[15:06] {Les} don't know the tv soapie stars

[15:07] {Les} crap. apol broke while I was blathering

[15:07] {Les} 1:1

[15:07] {i2romantis} done for the day, lots of sun outside, gotta go enjoy Olympics

[15:07] {i2romantis} cheers to everyone and see you next week

[15:07] {Les} ciao

[15:08] {dino} cya i2r

[15:08] {fernp} bye i2r

[15:09] {dino} the guy tlks and the mkt drops

[15:10] {Threei} take care i2r

[15:10] {Threei} enjoy the weekend, weather is fantastic

[15:35] {Threei} SEC reportedly considering certain restrictions on stocks assuming they decline by a defined percent - unconfirmed report

[15:35] {Threei} - SEC evaluating additional short sale restrictions

[15:35] {Threei} imbeciles

[15:35] {nemo} they know it's coming

[15:36] {Les} how long did you suffer that in 2008?

[15:36] {Les} no shorting

[15:37] {dino} two months i think

[15:37] {nemo} on financials

[15:37] {dino} and ironically, the stocks droped like crazy

[15:37] {nemo} not ironically, nobody wanted to buy, could only sell

[15:37] {dino} no shorts=no covering= no buyers on drops

[15:38] {Les} no one could offload their finnie stocks

[15:38] {Les} haha a$$holes

[15:42] {dino} obama goes off tv, mkt up

[15:42] {_jfjf64} joke

[15:48] {Les} covered GG +.13

[15:49] {Les} FSYS just so has to die

[15:49] {dino} would like out flat

[15:50] {dino} wcg working

[15:50] {Les} ditto

[15:52] {Threei} okay guys, let's call it a day

[15:52] {nemo} c u later

[15:52] {Threei} somehow this week was a bit tiring

[15:52] {Les} okay. ty ciao. bon weekend

[15:52] {_jfjf64} good weekend all

[15:52] {Threei} worked out well but took considerable teeth-pulling

[15:52] {Threei} have a great weekend, see you all on Monday

[15:53] {dino} out wcg .26, +.26

[15:54] {dino} out fsys -.15

[15:54] {dino} agreed vad, calling it a week

[15:54] {dino} thx all, some really good ideas, appreciate it

[15:56] {dino} les, keep most on watch list

[15:56] {dino} gn

[15:57] {fernp} have a great weekend everybody. See you all on monday