Mar 26 2010

Couple nice trades, long on RCL and short on CAT for bigger gains and a small stop, some scalps here and there - pretty much uneventful end to profitable week

Session Time: Fri Mar 26 00:00:00 2010

[08:16] {Threei} (US) Preview: Q4 Final GDP Annualized and Personal Consumption due at 8:30ET

[08:16] {Threei} - Q4 Final GDP Q/Q (annualized): 5.9%e v 5.9% Q4 preliminary (estimates range from 5.5% to 6.0%)

[08:16] {Threei} - Personal Consumption: 1.7%e v 1.7% preliminary

[08:16] {Threei} - GDP Price Index: 0.4%e v 0.4% preliminary

[08:16] {Threei} - Core PCE Q/Q: 1.6%e v 1.6% preliminary

[08:16] {Threei} (GE) German Chancellor Merkel: Reiterates that important decisions on Greece will help the euro - press conference

[08:16] {Threei} - Reiterates bilateral credit agremeents with IMF are last resort only.

[08:16] {Threei} - Must look at legal changes to the stability pact.

[08:16] {Threei} - Will not allow euro to be destabilized

[08:20] {Threei} GR EU's Juncker: reiterates does not believe Greece will need financial aid

[08:20] {nemo} I'll take the other side of that bet

[08:21] {Threei} shooting fish in a barrel, I see

[08:21] {nemo} if every trade could be that way

[08:22] {nemo} Interesting, we're where we were yesterday morning at this time

[08:30] {Threei} US) Q4 FINAL GDP PRICE INDEX: 0.5% V 0.4%E; CORE PCE Q/Q: % V 1.6%E

[08:30] {Threei} *(US) Q4 FINAL GDP Q/Q ANNUALIZED: 5.6% V 5.9%E; PERSONAL CONSUMPTION: 1.6% V 1.7%E

[08:56] {nemo} mmmmmhhhhh...rimm recovered yesterday's high and is hanging out there

[08:58] {Threei} some news items onit

[08:58] {Threei} March 25, 2010 11:26:31 PM

[08:58] {Threei} Research in Motion Ltd Bank of America/Merrill reiterates Buy rating ahead of Q4 earnings

[08:58] {Threei} - Lists 7 factors which should support RIMM's shares including the Q4 earnings call on March 31 and the April 26th analyst day.

[08:59] {Threei} Lenovo Group Ltd To begin offering a smartphone on April 19th as a competitor to iPhone - China Business News

[08:59] {Threei} 06:44 RIMM JPMorgan Raised RIMM to Overweight from Neutral, price target: $84

[08:59] {Threei} - On valuatio

06[09:07] * nemo slaps strider around a bit with a large banjo

[09:10] {Les} hillbilly basher

[09:11] {ese} good morning

[09:11] {nemo} do you know why I picked the banjo?

[09:11] {Les} do tell

[09:11] {nemo} you're the movie buff

[09:12] {Threei} ese, les :)

[09:12] {nemo} dude

[09:12] {ese} vad les dud

[09:12] {Les} ese, vad

[09:12] {ese} dude

[09:12] {nemo} nice ese

[09:12] {Les} no I'm not

[09:14] {_shorty} good morning

[09:15] {nemo} Deliverance

[09:15] {Les} hi shorty

[09:15] {Threei} shorty :)

[09:15] {Les} ok. I copied this film once, didn't get round to seeing it

[09:18] {Threei} ECB Bini Smaghi stresses the importance that there is a solution for Greece

[09:18] {Threei} - need to make certain that budget surveillence is firmer

[09:18] {Threei} Greek PM: Do not believe Greece requires further budget austerity measures

[09:19] {Les} anything on your list vad?

[09:21] {lasertrev} morning

[09:21] {Threei} trev :)

[09:21] {Threei} nothing but uisual suspects

[09:22] {Les} k

[09:24] {strider} trev, dcc please

[09:26] {jfjf64} mornin

[09:26] {nemo} haroo

[09:26] {Threei} jf :)

[09:28] {nemo} hi lari :)

[09:28] {larisa} gm :)

[09:28] {Threei} larisa :)

[09:28] {Threei} Former Fed Chair Greenspan: Rising Treasury yields are "the canary in the coal mine," jobless rate may come down a bit in next year

[09:28] {Les} hi larisa, jf

[09:29] {nemo} implying what actually?

[09:29] {jfjf64} les

[09:29] {jfjf64} all

[09:29] {Les} that's funny, if he can't predict bubble what is he predicting now?

[09:29] {ese} hmmm will kinda give you a hint about whats to come ....this out on CNN money(Apple officers dump 1 million shares Posted by Philip Elmer-DeWitt March 26, 2010 7:31 AM )

[09:30] {Threei} he needed pocket money to go to movies, ese... popcorn is not cheap, ya know

[09:31] {nemo} rimm sitting up...broke higher

[09:33] {Threei} watching UAUA for pullback

[09:33] {Les} qcom dumped

[09:33] {jfjf64} lvs gentle giant

[09:34] {fernp} Good morning everybody

[09:34] {Les} hey fern

[09:34] {Threei} fern :)

[09:35] {Les} bounce setup qcom?

[09:35] {Threei} LVS, pullvback to .20 -.25 for entry

[09:35] {Threei} UAUA 20 - 20.10

[09:35] {RonS} gm all

[09:36] {Threei} Ron :)

[09:36] {Les} hi

[09:38] {Threei} LVS like clockwork

[09:38] {Threei} exactly .20-.25

[09:38] {Threei} UAUA starts looking like breakout rather

[09:39] {Threei} stop under .30 if you went for it

[09:41] {Threei} ((US) Preview: Mar Final University of Michigan Confidence Index due out at 09:55ET (14:55 GMT)

[09:41] {Threei} **consensus expectation: 73.0e v 72.5 prior

[09:41] {Threei} - most estimates range between 72.5 to 74.0

[09:43] {Threei} Long Setup: RIMM .30 break if stays above .15, half lot

[09:46] {nemo} rim still holding trendline

[09:46] {Threei} modification, .20 breakif holding .10

[09:47] {Threei} semi-agressive

[09:48] {Threei} invalidated

[09:48] {nemo} so much for trendline

[09:49] {Threei} Short Setup: CAT .25 break if holding below .35, half lot

[09:49] {Threei} invalidated

[09:51] {Threei} fade worked perfectly but occured too fast for real trade

[09:53] {Threei} RIMM's secret was just get it on the next leg down, eh

[09:54] {_shorty} STX might go short

[09:54] {nemo} it's been riding 26 ma

[09:55] {Threei} US) MAR FINAL UNIVERSITY OF MICHIGAN:73.6 V 73.0E

[09:56] {_shorty} SS 18.99 STX

[09:56] {Les} .96

[09:57] {fernp} HIG Vad .25 break?

[09:57] {ese} L qcom .04

[09:57] {Threei} if holding .20

[09:58] {Threei} GR) ECB's Bini Smaghi: A European solution on Greece would have been ideal - Bloomberg TV

[09:58] {Threei} - Does not expect a moral hazard in the Greek solution at this time

[09:58] {fernp} 20 or .15?

[09:59] {Threei} if it goes to .15, I would rather start looking for pullback entry, not breakout

[09:59] {fernp} ok, ty

[09:59] {Les} out +.10 stx ty shorty

[09:59] {_shorty} Out too, but too soon I think

[10:00] {_shorty} + 12

[10:00] {ese} out 1/2 .21 +.17 stop to .10 on remainder

[10:00] {nemo} Greece by definition is a moral hazard

[10:00] {Threei} Long Setup: RCL .60 break

[10:00] {Threei} stop under .45

[10:00] {Threei} not a scalp

[10:00] {_shorty} nice Les

[10:01] {ese} ahhh lto heck with it out remainder .31 +.27

[10:01] {Threei} wtg ese

[10:01] {Les} nice score ese

[10:01] {_shorty} nice ese

[10:02] {ese} tks

[10:02] {Les} watch STX for reversal shorty. don't wanna be short on it for too long

[10:02] {_shorty} I am out of STX.

[10:02] {_shorty} Thanks though

[10:02] {Les} sorry, meant I don't wanna be short on it.

[10:02] {_shorty} lol

[10:03] {_shorty} I think it's going to continue lower for the day.

[10:04] {fernp} 1:1 HIG ty Vad

[10:04] {Threei} RCL half out

[10:04] {Threei} stop to under b/e

[10:04] {_shorty} Then again, I might be wrong Les, and you are right

[10:05] {fernp} out RCL ty again Vad

[10:05] {Threei} welcome

[10:05] {Threei} offer 1/4 more above .80

[10:06] {Les} shorty, this is what dino looks for in capitulation. learning not to short such stocks too aggressively

[10:06] {_shorty} Ahh, I see Les.

[10:06] {_shorty} Thanks

[10:09] {Threei} (US) Feds Plosser: Would be willing to sell MBS prior to raising interest rates -WSJ

[10:10] {fernp} M Vad? valid breakout? daily is nice

[10:11] {Threei} if holding .85

[10:11] {fernp} ok

[10:12] {Threei} SEED Hearing vague takeover chatter circulating (10.60, +0.64, 6.43%)

[10:12] {Threei} sure... I wonder when AIG starts its daily routine of spiking

[10:16] {ese} L fitb .72

[10:18] {Threei} RCL, stop for the balance to under .65

[10:19] {Les} out ty.

[10:20] {nemo} just to stay in character, it could drop to that 9:30 spike at .61 and bounce also

[10:21] {ese} out fitb .68 -.04

[10:22] {Threei} well... anything could do anything... but you trade on assumption that it will go with pattern

[10:22] {nemo} I'm doing the Murphy's Law on the rinse

[10:22] {nemo} or thinking it anyway

[10:22] {Threei} there

[10:22] {Threei} that's your biggest mistake {G}

06[10:23] * nemo slaps Threei around a bit with a large mesodactyl

[10:24] {Threei} 1/4 more out

[10:24] {Threei} .85

[10:24] {Threei} stop for the last piece to under .70

[10:26] {Threei} offering last portion .97

[10:27] {Threei} feel free to exit as you see fit

[10:27] {Threei} stop to under .75

[10:28] {_shorty} nice one Threei

[10:29] {Threei} ty

[10:29] {Threei} I have my moments

[10:29] {fernp} good one Vad

[10:30] {_shorty} I am 1 for 1 today, I might quit.

[10:31] {_shorty} Struttin like a rooster with my 12 cents

[10:31] {nemo} watch out for the fox

[10:31] {_shorty} I give him a cut

[10:31] {jfjf64} my thoughts also

[10:31] {_shorty} or a hen

[10:32] {Les} what, off to the pub already?

[10:32] {nemo} he'll take what he wants

[10:32] {nemo} in that negotiation he's the hammer and you're the nail

[10:32] {_shorty} Drop the kids off at day care and to the pub I go!

[10:33] {Les} FYI I'm a home dad as well shorty

[10:33] {_shorty} The best job in the worl Les, IMO.

[10:33] {fernp} M 1:2 ty Vad

[10:33] {_shorty} How many kids Les?

[10:34] {Les} wow you are a scalper Fern, I've got last half offered at .09 on M

[10:34] {Threei} fern :)

[10:34] {Les} and out flat. ty fern

[10:35] {fernp} les, in at .91 stop under .85

[10:35] {fernp} half out at .96

[10:35] {fernp} and 22.00

[10:35] {Les} ok. looking at yesterday's high for 2nd party

[10:35] {Les} didn't work

[10:36] {fernp} :-)

[10:38] {Threei} lol, this is my favorite mistype of the day:

[10:38] {Threei} (IT) Italy PM Berlusconi: Financial conditions do not permit upcoming tax cutes (related EWI )

[10:39] {Threei} how cute is that

[10:39] {Threei} uh oh

[10:39] {Threei} (KS) South Korea Navy ship reportedly fires against an unidentified ship at the North

[10:40] {_shorty} :O

[10:41] {Les} s M .88

[10:42] {Les} qqqq

[10:42] {Les} sorry

[10:43] {Les} uaua showing weakness

[10:48] {Threei} Short Setup: CAT .80 break half lot

[10:49] {nemo} this retrace defining the stop?

[10:49] {ese} L aks .39

[10:49] {Threei} yes, but if uptick above .95, I'd rather modify it for aggressive entry

[10:50] {Threei} .90 break if holding below 63

[10:52] {Threei} (GE) German BDB: Taxpayers must be seen as last resort for financing of bank bailouts

[10:52] {Threei} IMO - no they must be not

[10:52] {Threei} not first, not last

[10:52] {Les} yeh interesting economics

[10:53] {Threei} - All elements of financial system must pay into bailout levy

[10:53] {Threei} - Proposed levy can not be to large; still must seek to avoid creidt crunch

[10:55] {Threei} 1:1

[10:55] {Threei} half or scalp, your choice

[10:55] {Threei} half for me

[10:55] {Les} half ty

[10:57] {Threei} 1:2 baby

[10:58] {Threei} me out

[10:58] {fernp} excellent

[10:58] {Threei} .67

[10:58] {Les} out ty

[10:58] {_shorty} Nice watching you guys trade.

[10:58] {Threei} welcome

[10:58] {Threei} that's only because you don't actually see us

[10:58] {_shorty} lol

[10:59] {_shorty} you are the adult version of a teen playing world of warcraft.

[10:59] {Threei} and getting paid for it

[11:00] {_shorty} A lot more fun

[11:04] {Les} anyone with server issues here?

[11:04] {Les} for chat room

[11:05] {larisa} anybody seen les?

[11:05] {strider} les who?

[11:05] {Les} ha. girl with a sense of humour. that's nasty

[11:05] {_shorty} Who Larisa?

[11:05] {Les} dangerous

[11:05] {larisa} fine here les, no issues :)

[11:05] {_shorty} Fine here too

[11:06] {strider} np with mIRC here

[11:10] {Threei} OK nemo, stop playing with les' connection switch

[11:11] {nemo} :)

[11:11] {Les} some wind around switzerland. didn't lose IB connection, just mibbit server

[11:12] {Les} and no "gas" jokes please

[11:12] {nemo} you were in the military too long

[11:20] {Les} see STX shorty. We covered at right moment

[11:20] {_shorty} I see that Les.

[11:21] {Les} I've bet against dino more than once on such stock action and lost

[11:22] {_shorty} Who is dino?

[11:22] {Les} taking a small holiday

[11:23] {Les} another useful trick I learnt from him is quarterly theory - .00, .75, .50, .25

[11:23] {_shorty} I should be ordering the scalp course soon. I hope it helps me a lot.

[11:23] {Les} so I'll short, but be ready to cover at these points.

[11:23] {_shorty} They are like emotional points in a stock?

[11:24] {Les} nice round quarterly numbers for traders to trade at I guess

[11:25] {_shorty} I read Vad's book "Tape Reading" in one night. It was a good read actually.

[11:25] {nemo} LVS making a nice stealthy up staircase

[11:25] {Threei} in one night?

[11:25] {_shorty} Yup

[11:26] {Threei} I can understand readin part I in one night

[11:26] {Threei} with very big stretch, part II

[11:26] {Threei} but II{ with examples?

[11:26] {Threei} III

[11:26] {_shorty} Also read Jesse Livermore's book in one night.

[11:27] {Threei} that's not a problem, that's pure story

[11:27] {Les} there are examples in that book?

[11:27] {_shorty} That is the fast part, the examples.

[11:27] {Threei} no technical things to discern andabsorb

[11:28] {fernp} FAZ short .95 break you think is valid, Vad?

[11:28] {_shorty} I won't learn them in one night, I will learn them by trading.

[11:28] {Threei} not really indicative level fern

[11:29] {fernp} yeah. ty

[11:35] {_shorty} Jesse's stoty is almost as good as yours Threei. :)

[11:35] {_shorty} story

[11:35] {nemo} suck up

[11:35] {Les} hell no, it's a lot better than Vads

06[11:36] * Threei slaps Les around a bit with a large book of Techniques of Tape Reading

[11:36] {Les} But Vad didn't put his Ukrainian gangster backround in it

[11:36] {Threei} no but it's available online

[11:36] {Threei} http://www.realitytrader.com/freechapters.html#chapter1

[11:36] {nemo} yeah just call him "Don Vad"

[11:37] {Threei} no... my nick in those circle was The Beard

[11:37] {Threei} let's see how fast shorty reads {G}

[11:38] {nemo} there'll be a test

[11:38] {_shorty} lol nemo

[11:38] {Threei} random question

[11:38] {_shorty} I just got an email that my trial is over, I had to suck up!

[11:39] {Threei} it's being sent by automated system

[11:39] {Threei} good luck negotiating with it

[11:39] {jfjf64} think shorty should meet ivan

[11:39] {Les} uaua hod

[11:43] {_shorty} lol Threei

[11:43] {_shorty} Breaking up a fight between the kids.

[11:43] {_shorty} I don't think I want to meet Ivan. Sounds scary.

[11:48] {_shorty} How long have you been a stay at home dad Les?

[11:48] {nemo} since he gave birth

[11:48] {_shorty} lol

[11:50] {Les} belt up lover boy

[11:50] {_shorty} lol

[11:52] {Les} the Mrs has the career. Been part-time working, looking after kids since birth. stopped all work last year.

[11:52] {nemo} damn can't short itmn

[11:53] {_shorty} This is my part time work. I want to get good at it so I never have to leave the house, except for vacations.

[11:54] {_shorty} Nice steady climb on STX Les.

[11:56] {Les} yeh .00 break was obvious entry

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

[12:00] {Threei} - NYSE volume 360M shares, about 16% below its three-month average; advancers lead decliners by 2.4:1.

[12:00] {Threei} - NASDAQ volume 925M shares, about 2% below its three-month average; advancers lead decliners by 1.8:1.

[12:00] {Threei} - VIX index -4.1% at just over 17.50

[12:04] {Les} what do you make of .50 break on CAAS vad?

[12:05] {Threei} I'd stay away

[12:05] {Les} ok

[12:07] {Les} somx

[12:10] {Threei} According to South Koreas Yonhap News Agency, a 1,500-ton naval vessel with a crew of 104 sank off of the island of Baengnyeong in the Yellow Sea on March 26. Based on size and crew displacement it is likely either an Ulsan-class guided missile frigate or a Po Hang-class corvette. The incident took place between 9 and 10 a.m. local time. The cause is unknown, but the BBC has reported that a torpedo was involved. Seoul has said there was an explosion at the stern, and it is investigating whether a torpedo attack from North Korea was the cause, according to YTN TV. The contested waters between North and South Korea do see the occasional naval clashes, but the loss of a surface combatant on this scale would be extremely significant.

[12:11] {Les} wow, ship was sth korean

[12:13] {Les} damn somx not shortable

[12:14] {_shorty} I know, I can't either

[12:17] {fernp} GENZ valid, Vad?

[12:18] {Threei} love the chart, hate the time of the day

[12:18] {Threei} right chart at the wrong time...

[12:19] {Threei} House financial service panel sets April 13th date on Obama's anti-foreclosure proposals

[12:19] {fernp} true, thanks vad

[12:21] {Threei} don't see any news fo this dive

[12:23] {nemo} maybe more info came out on that sinking

[12:24] {RonS} or bam on TV

[12:27] {RonS} LEN long or short?

[12:28] {Threei} neither

[12:33] {fernp} you see anything Vad? no news here

[12:33] {Threei} zilch

[12:34] {fernp} :-)

[12:34] {Les} Philadelphia Fed President Charles Plosser says in a Q&A he's comfortable with near-term inflation, but wants a smaller balance sheet and says job creation could kill the "extended period" language.

[12:35] {Les} maybe that?

[12:36] {Threei} I see he spoke on Tuesday

[12:36] {Threei} today's fed speakers:

[12:36] {Threei} 11:30 Fed's Warsh to speak on Fed independence. 16:00 Fed's Bullard and ECB's Papademos to speak in Washington, DC. 18:00 Fed's Tarullo to speak.

[12:37] {Les} ok. strange. it is under "market currents" on seeking alpha 12:25pm

[12:38] {Threei} 06:00 Fed's Plosser to speak on policy issues in Prague., Tiesday, lol

[12:39] {Threei} maybe his plane got stuck and he diecided to speak one more time?

[12:39] {_shorty} lol

[12:39] {Threei} Feds Bullard says weakness in housing data makes him nervous regrading asset sales as an exit tool

[12:39] {Threei} or some good-looking Praguette or how do you call them asked him to speak more, more...

[12:40] {larisa} pragisian

[12:40] {Threei} pragisianette?

[12:42] {Threei} IMF approves $700M tranche to Belarus

[12:42] {Threei} now, why would they do such a thing

[12:43] {Les} still cleaning up Tchernobyl?

[12:43] {Threei} that's Ukraine

[12:43] {Les} ukraine, belarus, same thing

[12:43] {nemo} oh boy

[12:43] {larisa} lol

[12:43] {Threei} Swiss, Switzerland...

[12:43] {Les} just a joke vad, you know me

[12:43] {nemo} sweden...same difference

[12:44] {larisa} World without borders!

[12:44] {Threei} add Holland and mix well

[12:44] {Les} amen larisa

[12:44] {nemo} I like dutch women

[12:44] {Les} I'm sure they like you too

[12:44] {nemo} more or Les

[12:44] {Threei} now, Ballbreaker and Nutcracker are the same thing too, but you wouldn't take you kids to the former, would you

[12:45] {Les} probably...

[12:45] {Les} not

[12:47] {Threei} I give up

[12:47] {Les} catching PMI on its way down

[12:47] {Threei} that was my last attempt at humor in my whoe remaining life

[12:47] {Threei} never again

[12:47] {Threei} just not my thing

[12:48] {Threei} hear that Seinfield? you won

[12:48] {Les} stick to being a joke nazi

06[12:48] * Threei slaps Les around a bit with a large assurance that No Jokes policy is going to be strictly enforced starting NOW

[12:48] {Les} finally got my M short

[12:49] {Les} I would laugh at this moment but fear the consequences

[12:49] {Threei} good

[12:49] {_shorty} STX set up Threei?

06[12:49] * Threei looks around in search of anyone wanting to laugh... smile...

[12:50] {_shorty} :(

[12:50] {Threei} not really, STX

[12:50] {strider} I want to, I really do...but

[12:50] {strider} I just can't.

06[12:50] * Threei unbuttons the holster with Anti-Laughter of 45 caliber

[12:50] {_shorty} I like your patience Threei. I am working on it, so far so good.

[12:51] {Les} I think we may have gone too far this time

[12:51] {nemo} oh, that/ll be loud

[12:51] {Threei} South Korea says its not clear whether North Korea was involved in todays ship sinking

[12:51] {nemo} coupla' subsonic 22s behind the ear

[12:52] {nemo} put a pint water bottle on the end of the barrel...won't hear a thing

[12:52] {_shorty} Now you guys scare me.

[12:52] {Les} nah that's just nemo

[12:52] {Threei} CAT

[12:53] {Threei} thinking short into this bounce

[12:53] {_shorty} Had a good friend in the military, he knew way too much. Could kill me with his thumb.

[12:54] {nemo} left or right?

[12:54] {Threei} A South Korean ship has been sunk in the vicinity of the maritime border with North Korea. While details are sketchy, initial reports suggest that some South Korean naval ships had been involved in combat with an unidentified ship in the area immediately preceding the incident. Other reports suggest that the ship was struck by a torpedo. Yet another indicates a stern explosion.

[12:54] {Threei} Tensions between the two Koreas have always been at least moderately high, but recent governments in the South have tended to seek a rapprochement. Last year, however, a new government came to power that revoked the Sunshine Policy and took a firmer stance against the North.

[12:54] {_shorty} I think he was right handed, so his left.

[12:55] {nemo} nice...you watch too many sean connery movies

[12:55] {_shorty} lol.. actually I don't.

[12:55] {Threei} ugh

[12:55] {Threei} missed short

[12:55] {_shorty} watch his movies

[12:55] {_shorty} I was waiting for you Threei.

[12:56] {ese} ahhhh am back...parent teacher interviews..i see i was stopped aks .40 -.09 ahhh well

[12:57] {Threei} US House lawmakers are urging vigorous action versus China, EU and Japan to enforce trade agreements

[12:57] {ese} whoaaaaa....whats that ...ship sunk

[12:57] {lasertrev} ese dcc please

[12:57] {Threei} what is it, trade war with whole world?

[12:57] {Les} I chose M short instead. handy short this one

[12:58] {_shorty} what is dcc?

[12:58] {Threei} private message

[12:58] {_shorty} thx

[12:58] {Threei} this is where you go to say something nasty about me

[12:59] {_shorty} lol

[12:59] {strider} yeah. You dcc Vad, say something nasty about him. That way nobody knows it.

[12:59] {Threei} right

[13:03] {Threei} Long Setup: CAT .35 half lot

[13:04] {strider} stop .20 or .15

[13:04] {Threei} under .25

[13:06] {ese} LT dcc please rather than me doing a ton of typing......see if you can look at that web address it gives you all the info

[13:07] {Threei} short idea was still in cards... oh well

[13:08] {larisa} lasertrev asking ese to type lyrics of all his songs? :)

[13:08] {Threei} yeah, something romantic is happening over there

[13:09] {ese} you bet laris.......and i know alot of them too

[13:09] {larisa} I believe you :)

[13:10] {larisa} did not take break of 75 on RIMM

[13:13] {ese} the market sinking because of the korean incident ?

[13:13] {ese} yes/no?

[13:13] {nemo} hard to know, it did this yesterday

[13:13] {Threei} that's one suggestion

[13:13] {larisa} no, because I said it will not break 11K

[13:14] {ese} you thinking topping out nemo

[13:14] {Les} hmm. gotta respect larisa for that vad

[13:14] {Threei} I don't need any reasons to respect her

[13:15] {Threei} but, she didn't take a bet

[13:15] {Threei} you know why?

[13:15] {nemo} Who knows ese...start of pullback, lateral movement...obviously market is skittish

[13:15] {nemo} Earnings season coming up, and I think interest rate direction is getting cloudier

[13:15] {Threei} because she lost about 140 bets before... now she refuses to take them so I am losing this one, to lure her back in

[13:17] {Les} wow a vindictive streak in you vad. I never would have thought such...

[13:17] {Threei} vindictive?

[13:18] {Threei} you are projecting on me something of yours...

[13:18] {Les} :P

[13:18] {Threei} all I want is her continuing with that beer vs caroot juice

[13:18] {Les} spy

[13:20] {Threei} Short Setup: CAT .20 break

[13:20] {Threei} halt lot

[13:20] {Threei} .28 stop

[13:22] {Threei} nope

[13:27] {_shorty} Crap, that sucks Threei

[13:28] {Threei} what does?

[13:28] {_shorty} I guess you are already over it. CAT

[13:29] {Threei} you lost me

[13:29] {Threei} over what?

[13:29] {_shorty} Did you not short CAT?

[13:29] {_shorty} At .20?

[13:30] {Threei} that was stopped good 8 min ago

[13:30] {nemo} shorty...you need to stay away from Les

[13:31] {_shorty} Missed it, serving lunch to the kids.

[13:31] {_shorty} lol

[13:31] {Threei} you mean it took you 8 min to come to conclusion that 9 cents stop on half lot sucks?

[13:31] {nemo} oh jeez...brothers from different mothers

[13:31] {Les} piss off nemo

[13:32] {Les} :/

[13:32] {Les} hehehe

[13:32] {_shorty} Give or take a second.

[13:34] {RonS} ese. que paso? you doing anything?

[13:36] {Threei} me?

[13:36] {Threei} oh, ese

[13:36] {Threei} got masked behind other foreign language words

[13:38] {Threei} S&P report states Greece ratings unchanged after recieving IMF and EMU support

[13:41] {ese} hey ron not really following abio

[13:41] {ese} thinkin long if market goes up

[13:42] {Threei} ABIO is not from this universe

[13:42] {nemo} neither is Les

[13:42] {ese} stocks like that tend to finish at the highs of the day.....lookin for a break of .20

[13:42] {Threei} yeah but Les didn't triple today on questionable news

[13:42] {ese} it's a cure for heart failure.......

[13:43] {Threei} ARCA Biopharma Granted US patent on methods for treating heart failure patients

[13:43] {Threei} - U.S. Patent and Trademark Office (USPTO) has issued a patent on methods of treating heart failure patients with bucindolol based on genetic testing. The patent (USP# 7,678,824) entitled Methods for Treatment with Bucindolol Based on Genetic Targeting, provides protection in the United States for this novel approach to treating patients with heart failure, one of the largest health care problems in the United States and the rest of the world

[13:43] {Threei} yes but it's just a patent

[13:43] {nemo} need more people to die anyway

[13:43] {Threei} patent news is nothing

[13:43] {nemo} somebody heard you

[13:43] {Threei} and ABIOP has going concern

[13:44] {Threei} March 10, 2010 8:18:15 PM

[13:44] {Threei} ARCA Biopharma Announces Going Concern Opinion per Nasdaq Rule 5250(b)(2)

[13:44] {Threei} - Announced, as required by NASDAQ Marketplace Rule 5250(b)(2), that the report of the Company's independent registered public accounting firm, included in its previously filed consolidated financial statements for the fiscal year ended December 31, 2009, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2010, contained an explanatory paragraph expressing substantial doubt regarding the Company's ability to continue as a going concern.

[13:46] {Les} yeh I'll take ABIO over me any day

[13:47] {ese} what does that mean vad?...........sheesh

[13:47] {Threei} what ese?

[13:49] {RonS} "going concern" is accountant-speak for a company with a heart problem

[13:50] {RonS} tivo/dish news: http://www.lightreading.com/document.asp?doc_id=189805&site=lr_cable&f_src=lightreading_sitedefault

[13:50] {Threei} Fox News' Gasparino: Obama Advisor Summers considering leaving the Obama Administration

[13:50] {Threei} I'd only applaud that

[13:50] {Threei} last person that should be there

[13:50] {Threei} well... second last, after Tim

[13:51] {ese} Labio .12

[13:53] {ese} hey vad sorry.......that whole NAS post.....what does that mean

[13:54] {RonS} ...squeeze underway? lse

[13:54] {Threei} under serious threat of nakruptsy/delsiting etc, ese

[13:55] {Threei} bankruptsy that was

[13:56] {ese} ahhhhhhhh

[13:58] {ese} abio stopped .95 -.17

[13:59] {ese} ah well it was small

[13:59] {ese} 2k

[14:01] {RonS} lse 4.4 mil sh short, 9.5% of float, ave vol approx 160k

[14:05] {ese} short covering play ron?

[14:05] {Threei} really want to short .80 break

[14:06] {Threei} risky as taking golf club from ese, beer form magoo or bacon from me

[14:06] {Threei} or carrot juice from larisa

[14:06] {RonS} ...i would think covering generally, since the preferred placement suggests confidence in the biz long term. But, this is so thin, usually, it is dangerous.

[14:10] {Threei} World Bank's Zoellick: Greece and other EU nations will face struggles; double dip recession is not likel

[14:11] {RonS} 3i, has csx formed a db? or the fact that the .djt acted identically that one should conclude, no.

[14:13] {Threei} well, DB is not confirmed yet

[14:13] {Threei} break of .80 would be a confirmation, but stop is way too wide

[14:16] {Les} school holidays have begun here - switching off early. c u's monday

[14:16] {Threei} take care les

[14:17] {_shorty} Bye Les

[14:25] {nemo} AWIAV?

[14:26] {Threei} coma

[14:28] {nemo} anybody see "law abiding citizen"?

[14:29] {nemo} everybody in a coma?

[14:29] {_shorty} No, have you?

[14:29] {Threei} oh boy, UNG

[14:29] {Threei} what a total disaster natural gas plays turned out to be

[14:30] {_shorty} I know someone who lost a lot of money with natural gas stocks.

[14:30] {_shorty} I think he could have learned something from your book.

[14:34] {_shorty} nemo, are you watching "The Pacific" on HBO?

[14:34] {nemo} I haven't caught it yet...BofB West

[14:34] {nemo} or East

[14:34] {_shorty} lol

[14:35] {_shorty} Is law abiding citizen good?

[14:35] {Threei} boring I bet

[14:35] {nemo} yeah, pretty good movie, a bit intense

[14:36] {nemo} I'd say worth watching, but not a "have to" right away

[14:36] {Threei} you know... there is a law... and a citizen... whle movie he does nothing but obeys it...

[14:36] {nemo} If you like european films "The Lives of Others" was excellent

[14:36] {_shorty} I will have to watch it. I like movies a lot, but since I have kids, I don't have a lot of time to watch.

[14:37] {nemo} don't watch that movie with young kids

[14:37] {_shorty} Writing it down

[14:37] {_shorty} Disney movies for now with the kids.

[14:37] {Threei} seriously... .80 break, ABIO

[14:37] {Threei} smallish shares

[14:38] {nemo} market breaking 200 up

[14:38] {Threei} ABIO cares not about market

[14:38] {Threei} it's in its own chronoclastic infundibulum

[14:39] {_shorty} lol...What?

[14:39] {nemo} Hitchhiker's guide to the Galaxy

[14:39] {Threei} nope

[14:40] {Threei} second try?

[14:40] {Threei} no googling

[14:40] {_shorty} lol

[14:40] {_shorty} I just googled it

[14:40] {nemo} I know it's sci-fi but can't remember...brain fart at my age

[14:40] {Threei} Sirens of Titan

[14:41] {Threei} and hey... good call on sci-fi

[14:41] {Threei} as if this tyerm was likely to come up in some chick flick

[14:41] {nemo} mesodactyl dude

[14:41] {Threei} save me some googling?

[14:42] {nemo} dcc dude

[14:44] {nemo} stop on abio dude?

[14:44] {Threei} isn't it obvious?

[14:45] {nemo} yeah

[14:45] {Threei} so you just enjoy making me typing?

[14:45] {nemo} :)

[14:47] {nemo} don't like how that held

[14:48] {ese} chronoclastic infundibulum?????? might be the cooolest medical tem ever!

[14:49] {Threei} totally - especially considering that it's not medical {G}

[14:49] {_shorty} Something to do with space, I think

[14:49] {Threei} yeah nemo

[14:49] {Threei} I'd expect much faster selloff after breakdown

[14:50] {nemo} noticed, that long green candle after the previous bottom...middle is often a support area

[14:50] {Threei} but with half lot I am willing to give it a chance

[14:51] {RonS} ...the latest but no the last: AT&T to Take $1B Charge for Health Care

[14:54] {nemo} shoulda' listend to my gut

[14:55] {Threei} oh well

[14:56] {nemo} wow

[14:56] {_shorty} wow

[14:56] {Threei} chronoclastic infundibulum, I am telling you

[14:56] {_shorty} Flash back with SOMX with me.

[14:56] {Threei} yup

[14:56] {_shorty} I am staying away, but will watch

[14:56] {Threei} loco

[14:57] {_shorty} loco..lol

[14:57] {_shorty} Do you trade these stock sometimes Threei? When they move this fast?

[14:57] {Threei} yes

[14:59] {_shorty} I guess I have to buy you course to get the when and how.

[14:59] {Threei} not really

[14:59] {Threei} this kind is not described there

[14:59] {Threei} it's undescribable

[15:00] {Threei} we discussed momo movers many times...

[15:00] {Threei} they live in different works

[15:00] {Threei} world

[15:00] {Threei} either wait for them to calm down a bot so they start ovey technicals,

[15:00] {_shorty} In this situation, what set up are you looking at? Support resistance? Oh, indescribable. Got it.

[15:00] {Threei} there is no setup to them

[15:00] {_shorty} OK

[15:00] {Threei} that's what I am trying to say

[15:00] {_shorty} Thanks.

[15:00] {Threei} either wait for them to calm down a bot so they start ovey technicals,

[15:01] {Threei} or play them by pure momo feel

[15:01] {Threei} which requires a lot of experience

[15:01] {Threei} and comes through observation

[15:01] {Threei} ovey = obey

[15:01] {_shorty} lol...I like that "momo feel" Kinda like mojo.

[15:03] {_shorty} The only momo stock that I did well in was TIVO, but that was pure fluke. Then came SOMX and told me "you are dead"

[15:03] {Threei} leave them alone until you paper tarded them a lot

[15:03] {_shorty} understood Threei.

[15:04] {Threei} and got a feel for how they move, what the signs on new leg up are

[15:04] {Threei} watch Level 2 and T&S

[15:06] {ese} abio......ya RIGHT!!!!!!

[15:06] {_shorty} ese...sorry

[15:07] {fernp} gotta go. Have a relaxing weekend guys. See u all on monday

[15:07] {Threei} have a great weekend fern

[15:07] {_shorty} Good weekend

[15:07] {_shorty} See you next Monday with a new nick name

[15:07] {fernp} lol

[15:08] {Threei} longy?

[15:08] {ese} cya fern

[15:08] {_shorty} lol....I was thinking that

[15:08] {Threei} nah, too obvious

[15:08] {Threei} no egde

[15:08] {Threei} adge

[15:08] {Threei} edge

[15:08] {Threei} there

[15:08] {Threei} got 4 letters word right just with three tries

[15:09] {_shorty} inconspicuous, maybe.

[15:12] {_shorty} Still, only one trade for me today.

[15:15] {_shorty} Guess you guys are busy trading ABIO

[15:17] {Threei} not really

[15:18] {Threei} MMM New U.S. Healthcare Law to Result in One-Time Charge of $85 $90 Million After Tax in First Quarter of 2010

[15:19] {nemo} wow...abio may finish near the high

[15:19] {_shorty} I think ese called it too.

[15:21] {ese} yup

[15:21] {ese} i gotta go though.....have a great weekend all.

[15:22] {_shorty} good weekend

[15:22] {Threei} have a great one ese

[15:23] {Threei} half of the room went to drink already, what am I doing here

[15:24] {_shorty} lol\

[15:24] {_shorty} Anything good out there Threei?

[15:24] {RonS} i agree, adios everyone...

[15:25] {Threei} take care Ron

[15:25] {_shorty} Have a good weekend

[15:25] {Threei} great weather shorty

[15:25] {Threei} full bloom

[15:25] {_shorty} lol

[15:25] {Threei} cherry trees, plum trees, tulips,

[15:25] {Threei} rhodos

[15:25] {Threei} magnolias

[15:26] {Threei} daffodils

[15:26] {nemo} hey vad, what icon locks LASER?

[15:26] {_shorty} I love Victoria, I am trying to have the family relocate there, as soon as my witness protection program kicks in.

[15:26] {Threei} locks?

[15:26] {Threei} what do you mean?

[15:27] {nemo} something ran across the keyboard and almost bought abio for me

[15:27] {Threei} oh

[15:27] {nemo} I look up there's an order

[15:27] {nemo} I'm like OH MANURE!

[15:27] {larisa} for real?

[15:27] {_shorty} that would not be fun

[15:27] {nemo} yes

[15:27] {Threei} see red exclamation market icon?

[15:27] {larisa} kitty?

[15:27] {nemo} rabbit

[15:28] {nemo} I see it, but it's grayed out in window floating mode

[15:28] {_shorty} LOL

[15:28] {Threei} click level 2

[15:28] {nemo} property?

[15:28] {Threei} no, just click to make it active

[15:28] {nemo} yep

[15:28] {Threei} it will "ungrey" the icon

[15:29] {nemo} not in "windows floating" mode it won't

[15:29] {Threei} shrug

[15:29] {Threei} what about menu?

[15:29] {Threei} Trade - Level 2 execution mode

[15:30] {Threei} what happened with FTWR?

[15:31] {Threei} sudden volume and spie to test upper limit of long term range on daily

[15:35] {nemo} quarter end coming Mutual Fund Monday...oy vey

[15:37] {_shorty} What are your commission rates on Laser?

[15:37] {nemo} pretty cheap

[15:38] {nemo} I think .005/shr plus ecn fees, which can also be a rebate

[15:38] {Threei} http://www.realitytrader.com/laser.html

[15:39] {_shorty} Alright, that is cheap

[15:39] {nemo} execution is excellent

[15:40] {nemo} Trev is a bit unsavory

[15:40] {_shorty} I like my platform too, but.......We will see with time.

[15:40] {Threei} {All unsavory individuals of free world} now... do not insult us

[15:41] {Threei} whatcha using shorty?

[15:41] {nemo} heel lifts?

[15:41] {_shorty} Orbis pro...lol

[15:41] {Threei} nice

[15:41] {Threei} oh I already asked

[15:41] {Threei} maiden memory

[15:42] {_shorty} no problem. I pay about double what you guys pay.

[15:43] {nemo} they give you a coupon for vaseline?

[15:43] {Threei} and you do that to yourself why?

[15:43] {_shorty} I remember that one nemo..lol. No, they give me free tickets sometimes.

[15:44] {_shorty} Well...I went from RBC (30+ per trade)...Then Questrade, I hate having to confirm for every trade " Are you SURE you want to buy?" To this one.

[15:47] {_shorty} Is there a monthly fee?

[15:47] {nemo} for datafeeds shorty

[15:47] {Threei} wow

[15:47] {Threei} ABIO

[15:47] {Threei} that's some dump

[15:47] {nemo} HS!

[15:47] {Threei} shorty, talk to trev

[15:47] {nemo} the immodium stopped working

[15:47] {Threei} situation is different for diff countries

[15:48] {strider} trev, dcc please.

[15:49] {_shorty} Thanks Threei, I will explore the "Laser" avenue in the future.

[15:49] {Threei} at least frikin loonie retreated a bit

[15:50] {_shorty} ABIO just makes my stomach ache.

[15:50] {Threei} although I have to say... chart doesn't look good for us canucks, who want it as low as possible

[15:50] {_shorty} I am not a fan of a high loonie.

[15:50] {Threei} who is...

[15:51] {Threei} a few short years ago I used to get 1.5 for each US buck I made

[15:51] {_shorty} My dad, buying property in the US.

[15:52] {_shorty} I remember when I would go to Vegas, I think our dollar was .56

[15:57] {Threei} market squeezed little green

[15:57] {Threei} okay guys

[15:57] {Threei} have a great weekend'

[15:57] {Threei} see you all on Monday

[15:58] {nemo} c ya

[15:58] {_shorty} You too, c ya Monday.

[15:58] {lasertrev} have a good weekend all

Mar 25 2010

Nice strong day with no stops. ITMN 40 cents win, UAUA, AIG, etc worked for scalps and bigger moves. Bulls really blinked in the afternoon - first time in a good while.

Session Time: Thu Mar 25 00:00:00 2010

[08:15] {magoo} jrasrasflrasfkljhrfL

[08:23] {Threei} (GR) Spanish PM: The point of contention now is lending money to Greece opposed to providing grants; Spain will pay on basis of GDP

[08:23] {Threei} - Euro Zone has a responsibility to find a solution to the Greece problem

[08:23] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET

[08:23] {Threei} - Expectations for initial claims are 450Ke v prior week at 457K

[08:23] {Threei} EU) Spain's PM Zapatero and EU's Barroso: Reiterate the importance of euro stability and strength

[08:26] {KSystems} Good morning

[08:28] {Threei} KS :)

[08:28] {magoo} K:)

[08:29] {Threei} mags :)

[08:29] {magoo} boss:)

[08:30] {magoo} at top of cramers real money page "37 year old wiz kid makes $87 million trading options" SIGH

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 442K V 450KE; CONTINUING CLAIMS: 4.65M V 4.562ME

[08:30] {Threei} lol

[08:33] {magoo} vad, how come we arent trading options and making millions??

[08:34] {KSystems} when vad was young and learning, there probably were no such things :-P

[08:34] {Threei} it's easy mags

[08:35] {magoo} i believe there was options before the mkt crash in the 1920's lol

[08:35] {KSystems} right, magoo....unbelievable how far we have to go back, eh?

[08:35] {Threei} find any of many all or nothing opportnities floating around and go for it

[08:35] {Threei} one thing they don't advertise though:

[08:36] {Threei} for each lotery winner here are millions who lose

[08:37] {Threei} what happened overnight?

[08:37] {Threei} yesterday they couldn't dump fast enough

[08:38] {Threei} today we are gapping over yesterday's high

[08:41] {Threei} lol

[08:41] {Threei} GR) EU's Juncker: There will be no meeting on Greece ahead of official EU summit

[08:41] {Threei} and

[08:41] {Threei} GR) Dutch PM: There are many informal discussions taking part concerning Greece's situation

[08:43] {magoo} can u believe BIDU 611 GOOG 589...? the flee walking the dog

[08:43] {Threei} well, BIDU market cap is a fraction of GOOG's

[08:57] {ese} morning

[08:58] {Threei} ese :)

[09:01] {Threei} QCOM *RAISES Q2 GUIDANCE (40.19, 0.00, 0.00%)

[09:01] {Threei} look at it go

[09:02] {Threei} scalped 41.82 - 42.30

[09:03] {Threei} QCOM *RAISES Q2 GUIDANCE $0.56-0.58 v $0.53e, R$2.55-2.65B v $2.57Be ($0.49-0.53, R$2.4-2.6B prior)

[09:05] {Threei} too bad only 300 shares were available... or my day could have been over before it even started

[09:06] {_shorty} Good morning

[09:06] {Threei} shorty :)

[09:08] {Threei} QCOM has a gap to fill, 46 with change

[09:17] {magoo} vad, inform shorty of yesterday

[09:17] {Threei} hmmm

[09:17] {Threei} ok

[09:17] {Threei} shorty, there was yesterday

[09:18] {_shorty} OK

[09:18] {Threei} he took news well, mags

[09:19] {Threei} USD/CNY (CH) SocGen Analyst: Trade deficit out of China could spur a CNY devaluation

[09:19] {Threei} HUH?

[09:19] {Threei} unless it's totally taken out of cotext, I'd say someone's drinking heavily over there

[09:20] {nemo} I see the correction is over

[09:20] {Threei} nemo :)

[09:20] {nemo} :)

[09:21] {ese} dude!!!!!!!!

[09:21] {nemo} dude

[09:23] {ese} vad do you think qcom has a good chance to fill that gap today

[09:23] {lasertrev} morning

[09:23] {Threei} QCOM is obvious focus of the market so far

[09:23] {Threei} trev :)

[09:24] {ese} LT

[09:24] {RonS} dudes & dudettes...slxp?

[09:24] {Threei} ese - IF we get one of those relentless up and up days, it does

[09:24] {Threei} but that's a big IF

[09:24] {Threei} let's wait out morning volatility

[09:24] {Threei} then see if we get a good setup on it

[09:25] {Threei} Ron :)

[09:25] {RonS} 3

[09:25] {Threei} Yesterday 17:39 SLXP FDA approves XIFAXAN 550 MG tablets for reduction in risk of overt Hepatic Encephalopathy Recurrence

[09:25] {Threei}

[09:26] {RonS} ...end stage liver cancer drug...growing market i suppose

[09:27] {Threei} larisa :)

[09:27] {larisa} gm

[09:28] {RonS} ...kind of shocked to read liver cancer is the 3rd highest cause of US death

[09:28] {jfjf64} mornin

[09:28] {fernp} Good morning everybody

[09:28] {Threei} jf :)

[09:28] {Threei} fern :)

[09:28] {Threei} LVS is almost back to high

[09:29] {Threei} .39 yesterday

[09:29] {Threei} some tight consolidation making .40 long trigger would be nice

[09:29] {RonS} .tnx run extension good or bad today?

[09:30] {Threei} LVS spike right into .40 and pullback

[09:30] {magoo} qcom xplode

[09:31] {magoo} can get 44 today

[09:31] {Threei} aggressive,

[09:31] {Threei} Long Setup: LVS .30 break

[09:32] {Threei} stop under .25 for extreme scalpers

[09:32] {Threei} .20 for day traders

[09:32] {Threei} half out here

[09:32] {Threei} scalpers be happy

[09:33] {Threei} offer 1/4 more at .55 - .58

[09:33] {magoo} out qcom .49

[09:33] {magoo} + .49

[09:33] {magoo} ty vad

[09:33] {magoo} in lvs too

[09:33] {Threei} aren't you omnivorous one

[09:33] {Threei} QCOM ignores market

[09:34] {Les} looks like I'm late to a party

[09:34] {ese} qcom is a wow

[09:34] {Threei} just two trades late les

[09:34] {Threei} but LVS may give second chance

[09:35] {Threei} here it is

[09:35] {Les} qcom looks like it wants to pullback

[09:35] {Threei} stop is under .25 for all now

[09:36] {Threei} ok, second half is off

[09:36] {Threei} need deeper pullback for re-entry

[09:36] {Les} missed PMI yesterday

[09:37] {Threei} Long Setup: BRCM .05 break

[09:38] {Threei} if stays above 34

[09:38] {Threei} if loses it, let's try for recross, depending on how deep pullback is

[09:38] {Threei} and with market help of course

[09:39] {Threei} SEED spike

[09:41] {Threei} no clean setup BRCM

[09:41] {Threei} SOMX, yesterday's high .65

[09:42] {Threei} US) Reminder: Fed Chairman Bernanke to testify before House Financial Services Committee regarding Fed exit strategy at 10:00ET

[09:42] {Threei} **Bernanke's prepared testimony was released on the originally scheduled date of Feb 10, but the meeting was postponed due to a severe snowstorm. Its not clear if there will be any revision to the prepared testimony today.

[09:42] {Threei} non event, unless he says somehing drastically different

[09:43] {jfjf64} wfc

[09:43] {Les} wow. just bought 5k PMI for +.03. now I see how ese does it

[09:43] {Les} and on a pullback

06[09:44] * Threei slaps Les around a bit with a large scalping course

[09:44] {Les} a refresher read wouldn't hurt

[09:44] {Threei} Natural Gas prices move below $4 for first time in nearly 6 months

[09:45] {magoo} WFC BAC vad

[09:45] {Threei} this jump out of the gate leaves me with no setups unless they pull back mags...

[09:46] {Threei} I want WFC somewhere around 31.20 to get interested

[09:46] {magoo} BAC should attempt a break out imo

[09:46] {Les} agreed

[09:47] {magoo} over 18

[09:47] {magoo} scalper

[09:47] {Les} vad anything special on your list today?

[09:48] {Les} BBY pumping

[09:48] {Threei} QCOM, LVS, SQNM, SOMX, SEED

[09:48] {Les} ty

[09:49] {Threei} US) Commercial Paper outstanding w/e Mar 24th: -$7.9B v -$22.4B prior

[09:50] {ese} pmi

[09:50] {_shorty} ZIOn, thoughts

[09:50] {ese} nice one les

[09:50] {Les} when I grow up I wanna be just like you

[09:51] {ese} naaaaaaahhhhhhh we just wanna be like vad

[09:51] {_shorty} Me too

[09:51] {Les} hmmm nemo is quiet

[09:51] {Threei} by daily, ZION is long candidate

[09:51] {Threei} on intraday, no setup yet

[09:51] {_shorty} Thnaks

[09:52] {Threei} and it's highly market dependent by definition... regional bank

[09:52] {nemo} late to the party...had a very busy morning snafu'd my morning prep

[09:53] {ese} ya noticed that too.......no comment from nemo.....someone get the doctor over to his house right away

[09:53] {Threei} getting her out the door this early is usually tough

[09:53] {nemo} ha ha

[09:53] {nemo} Oh, how I wish that were the issue

[09:54] {Threei} watching LVS here

[09:54] {Threei} not sure for what yet

[09:54] {Threei} but something is shaping up

[09:55] {magoo} BBY

[09:55] {magoo} QCOM

[09:55] {magoo} looking good to goo

[09:55] {Threei} WFC mags, ready to dive to .20 I think

[09:55] {magoo} make the call

[09:56] {magoo} in bby .65

[09:56] {ese} i'm onto BBY also mags

[09:56] {magoo} BAC doing it

[09:57] {magoo} looking .90 area

[09:57] {magoo} bby

[09:57] {ese} missed it.....nice one

[09:57] {magoo} 18.04 target bac

[09:58] {Threei} (US) Senate sets time for healthcare amendments vote at 2pmET (related IYH )

[09:59] {magoo} in qcom .50

[09:59] {Threei} GR) Reportedly France and Germany will hold bilateral discussion at the EU summit - German Gov't spokesperson

[10:00] {Threei} OK... market says UP, imo

[10:00] {nemo} fas should break 100 today

[10:01] {Threei} Long Setup: WFC .40 break if stays above .30

[10:01] {magoo} .15 cent stops on everything ok

[10:01] {nemo} whoa rimm

[10:02] {ese} L brcm .17

[10:03] {magoo} lrimm 74 break

[10:03] {magoo} nice spot

[10:05] {magoo} not in it..didnt go

[10:05] {magoo} like less here

[10:05] {ese} brcm stopped .o6 -.11

[10:05] {Threei} WFC invalidated

[10:06] {ese} my stupid fault too.....lower high in the qqqq's....dumb da dumb dumb

[10:07] {Threei} something in Ben's testimony or what

[10:07] {nemo} both qs and spys at 200 ma, no bounce here coul close gap

[10:08] {ese} agreed......not sure what the H i was lookin at

[10:08] {magoo} looky genz vad, just follow it

[10:09] {magoo} l 52

[10:09] {magoo} .40 area

[10:10] {magoo} .84 stop

[10:14] {fernp} .

[10:14] {Threei} CHINA

[10:15] {Threei} C&H on daily

[10:17] {Threei} Long Setup: ITMN .70 break half lot

[10:17] {Threei} AIG

[10:18] {Threei} starts one of it infamous spikes

[10:18] {Threei} highly discretionary and very risky

[10:18] {Threei} but when you get it early, good chance for sizeable move

[10:18] {Threei} 25 cents from the moment I mentioned it already, lol

[10:19] {Les} thanks got it for +.15

[10:19] {Threei} wtg

[10:19] {fernp} .60 is the stop for ITMN , Vad?

[10:19] {Threei} magoo? jf?

[10:19] {Les} 100 shares still in

[10:19] {Threei} if sets up from here, yes gfern

[10:19] {magoo} yep

[10:19] {jfjf64} missed

[10:19] {magoo} in .30

[10:20] {magoo} go

[10:20] {magoo} goooooo

[10:20] {jfjf64} brk

[10:20] {Threei} here cmes the bri... AIG

[10:20] {magoo} want .79

[10:21] {Threei} be reasonable mags, partial

[10:21] {Threei} volatility is horrific on it

[10:21] {Threei} have healthy respect

[10:21] {nemo} you're talking to Mags

[10:21] {Threei} ITMN over 1:1

[10:21] {Threei} 1:2

[10:21] {Threei} almost

[10:22] {Les} out last 100 flat

[10:22] {Threei} 1:2 without almost

[10:22] {Threei} 1:3

[10:22] {Threei} 1:4

[10:22] {jfjf64} brk/b 82

06[10:23] * Threei takes a bow and goes back to sleep

[10:23] {magoo} out .11 ITMN ty boss

[10:23] {Threei} welcome sir

[10:23] {Threei} 40 cents out of nowhere

[10:23] {Threei} in 3 min

[10:24] {Threei} mags, this your second chance on AIG

[10:24] {nemo} so 11k today or tomorrow?

[10:24] {Threei} let me reiterate the call for healthy respect

[10:25] {Threei} crap... polite call is not working

[10:25] {nemo} regarding aig?

[10:25] {Threei} MAGOO, SELL THE #$)(^ PART OF YOUR AIG!!

[10:26] {Threei} let's see if this works

[10:26] {nemo} yeah higher high on lower volume...oy

[10:27] {Threei} 11K... I'd say 55% for today, 45 for tomorrow

[10:27] {magoo} sometimes u gotta let a winner win

[10:28] {Threei} I give up... he is hopeless

[10:28] {magoo} OUT .83 TY

[10:28] {Threei} lol... yw

[10:30] {Threei} *EIA NATURAL GAS INVENTORIES: +11 BCF VS. +5 TO +10 BCF ESTIMATE RANGE (related UNG )

[10:30] {nemo} oil up today...of course

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

[10:31] {Threei} - NYSE volume 235M shares, about 3% below its three-month average; advancers lead decliners by 2.2:1.

[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers lead decliners by 1.9:1.

[10:31] {Threei} - VIX index -3% at just over 17.00

[10:31] {Threei} 55% Favor Repeal of Health Care Bill

[10:33] {Threei} Fed's Bernanke: intend to achieve dual mandate of stable infaltion and maximum employment - Q&A

[10:33] {Threei} uh oh

[10:33] {Threei} if he acieves dual mandate as effectively as he was achieving single one before... we are doomed

[10:36] {jfjf64} http://www.stocktwits.tv/stocktwits-with-john-lee-032310/

[10:37] {jfjf64} Vad they talk about your book at the 7 minute and 50 second mark.

[10:37] {Threei} swearing?

[10:37] {jfjf64} little shout out

[10:38] {Threei} cursing the moment they ever opened it?

[10:38] {jfjf64} nothin but good things

[10:38] {Threei} OK, let me listen then {G}

[10:40] {Les} crap, we about to get company are we? More Nemos, more Striders?

[10:40] {Threei} no way

[10:40] {Threei} there are more nemo and striders

[10:41] {Threei} they just don't make them anymore

[10:41] {nemo} ahhhh....

[10:41] {nemo} I haven't bred

[10:41] {strider} thank god for small favors.

[10:41] {Les} yeh I'm just a second rate nobody by comparison...

[10:42] {strider} Les, you can't say nobody likes you. Everybody hasn't met you yet.

[10:42] {Threei} GR) Euro Groups Junker: Increasingly confident that deal on Greece will be reached tonight

[10:42] {Les} hmmm

[10:42] {nemo} then nobody will like you

[10:43] {Les} ok. I get it

[10:43] {Threei} wow... ITMN was not done

[10:44] {nemo} wow, fas blowing through 100

[10:45] {Threei} he did a profile on me a hwile ago, jf

[10:46] {Threei} http://ibankcoin.com/chart_addict/2010/02/11/trader-profile-vadym-graifer-trader-author-teacher/

[10:46] {magoo} finally BAC

[10:46] {magoo} AIG

[10:48] {Threei} CHINA, I am crying

[10:48] {Threei} took it for scalp type I but sold waaaay too soon

[10:48] {Threei} ese, you see it?

[10:49] {Threei} it's your type

[10:50] {jfjf64} was he ever in room john lee

[10:51] {Les} s caas .20

[10:51] {Threei} not that I know

[10:52] {jfjf64} seems lk little genious try to listen to him

[10:53] {ese} hey vad....took one of the kids to school...missed it

[10:53] {ese} L Zion .57

[10:53] {nemo} bby kissing its 200ma, might be ready for a turn

[10:54] {magoo} bacon 18

[10:55] {nemo} spy and Qs within few cents of 200 ma's also, bounced there last time

[10:57] {Les} out caas +.14

[10:57] {Threei} wtf

[10:57] {Threei} umm

[10:57] {Threei} wtg

[10:57] {Threei} lol

[10:58] {Les} oh you were speaking to me!

[10:58] {Les} now I've been insulted by Vad as well....

[10:58] {Threei} {--- goes back in cave to work on his abbreviations

[10:58] {Les} CHINA

[10:59] {Threei} that's actually an honor Les... I don't insult people I don't care about, I ignore them

[10:59] {ese} out zion .66 +.09

[10:59] {magoo} awwwwww...u really do like magoo

[10:59] {Threei} I so do

[10:59] {Threei} lol

[10:59] {jfjf64} uaua

[11:00] {jfjf64} lk .20 break

[11:00] {jfjf64} 5 min nice trend line

[11:01] {Threei} chart's a beauty jf

[11:01] {Threei} ascending triangle

[11:01] {Les} yeh i'll follow u on that one

[11:03] {Threei} US Fed's Bernanke: There are no plans to monetize the debt

[11:03] {nemo} why would they have to have plans, they've already done it

[11:03] {Threei} have not been doing so

[11:06] {magoo} OUT BAC .04, forgot it lol

[11:07] {Threei} UAUA's working

[11:07] {jfjf64} half out

[11:10] {jfjf64} here we go

[11:11] {Threei} drive toward 11K starts

[11:11] {Threei} larisa... any bets?

[11:11] {larisa} bet with magoo

[11:12] {Threei} why?

[11:12] {Threei} he is permabull

[11:12] {Threei} I'll say 12K, he will ask why not 13

[11:13] {Threei} and he doesn't drink no carrot juice

[11:13] {larisa} and i am tired of saying I am not betting :) you are just like Les, not listening

[11:13] {Les} ouch

[11:13] {larisa} lol

[11:13] {Threei} lol... that's a drive-by shot

[11:14] {Threei} she aimed at me Les, you are collateral damage

[11:14] {Threei} I am listening larisa, I am simly not accepting... :)

[11:14] {Threei} UAUA, 1/4 more out

[11:15] {jfjf64} yeah ha

[11:15] {magoo} not much a stretch to hit 11k imo

[11:15] {Threei} no

[11:15] {Threei} within easy reach

[11:15] {Threei} 70 points is nothing

[11:15] {jfjf64} 5k shares 5 cent stop

[11:16] {ese} L len .40

[11:16] {jfjf64} out

[11:18] {Threei} wtg

[11:19] {larisa} AMZN up so much on no news?

[11:19] {Threei} pretty much

[11:19] {Threei} the only thing yesterday in the evening is not really positive

[11:20] {Threei} 8:35:34 PM

[11:20] {Threei} Apple Inc Some advertisers have shown interest in the iPad - NYT

[11:20] {Threei} - FedEx has bought advertising space on some iPad applications.

[11:20] {Threei} - FedEx plans to run ads on publisher applications for 90 days after the introduction.

[11:20] {Threei} - Chase Sapphire has bought out the New York Times iPad advertising units for 60 days after the introduction.

[11:20] {Threei} - Also, Unilever, Toyota, Korean Air and Fidelity have booked space on Time's iPad application.

[11:20] {Threei} - In terms of pricing, iPad advertisements on print publishers applications cost in the range of $75-300K for a few months exclusivity.

[11:20] {Threei} - Publications such as People and Time are charging flat fees as opposed to pricing based on how many times an ad is shown.

[11:20] {Threei} since iPad is considered potential Kindle killer, it's kind of "bad news" for AMZN

[11:21] {Threei} but Kindle is not that big part of its earnings

[11:21] {nemo} depends...

[11:21] {nemo} ipad sounds like it'll become mobile tv

[11:21] {nemo} kindle...you can be left alone and read a book

[11:22] {nemo} kindle might do o.k.

[11:23] {nemo} QCOM might have forme a bottom here

[11:24] {nemo} maybe the ol' inverse H&S

[11:29] {magoo} dammit, missed my RIMM recross 74, what a trade it coulda shoulda...

[11:30] {Threei} wow

[11:30] {Threei} no kidding

[11:30] {Les} hell yeh

[11:30] {Threei} I fiorgot all about it too

[11:30] {Threei} to be fair, it broke 74 on a long green bar

[11:30] {magoo} and i pay u to remind me lol

[11:31] {Threei} most likelty I'd skip it anyway

[11:31] {nemo} I was looking at it when it recrossed 73.80 oy vay

[11:31] {Les} lvs. you see anything here vad?

[11:31] {Threei} 22 break...

[11:31] {Threei} not entirely confident about it

[11:32] {nemo} offer .97

[11:32] {Les} 200ma is resistance here

[11:32] {Threei} 60 points left

[11:33] {Threei} Toyota Motor Corp Production capacity may be trimmed by 120K units from the current 290K through UK plant downsizing - Nikkei news

[11:33] {Threei} - Mgmt expected to offer 20% of the workforce in the UK an early retirement package

[11:34] {fernp} VXX double bottom, Vad?

[11:34] {Threei} I'd rather bet on breakdown...

[11:34] {fernp} yes, true

[11:34] {Threei} market starts feeling magnetism of 11K

[11:34] {fernp} ty

[11:35] {Threei} VXX makes new 52 week (and all time) lows

[11:35] {Les} is it something they'd reverse split eventually?

[11:35] {Threei} (GR) Greece PM Papandreou: Economy will be prosperous and viable; will place 'house in order'; Euro must be stabilized - comments to reporters

[11:36] {Threei} who knows Les

[11:36] {Threei} look at SRS

[11:37] {Threei} why didn't they still

[11:37] {Threei} they split FAZ/FAS

[11:37] {nemo} 1:10 reverse

[11:37] {Les} does vxx have decay factor like the ultras?

[11:37] {nemo} they should probably split fas and reverse faz again

[11:37] {Threei} no idea

[11:41] {_shorty} Threei, how many trades do you do in a typical day?

[11:42] {Les} aig approaching previous high. might be db

[11:42] {Threei} depending on markert activity

[11:42] {Threei} anywhere from 5 to 30

[11:42] {Les} I think you did 1 once

[11:42] {Les} 1 single setup

[11:43] {Les} that was a boring day

[11:43] {Threei} I guess that was Sunday

[11:45] {_shorty} I read your Trading Psychology, I am in stage 2 right now. That was a really good article Threei.

[11:45] {nemo} looks like next run setting up

[11:45] {magoo} dammit BAC

[11:46] {Threei} ty

[11:46] {nemo} fas up almost 7 bucks

[11:46] {_shorty} Do you see a set up for QCOM?

[11:46] {Threei} not really

[11:46] {Threei} flatlined

[11:46] {Threei} and feels short more than long

[11:46] {_shorty} Taking profits.

[11:47] {Threei} BSX FDA will not accellerate review of manufacturing changes - WSJ (7.00, -0.04, -0.57%)

[11:48] {ese} hmmmmm I need len to make a move this time or i'll be out.....thought it would go with the market on that last run

[11:48] {nemo} qcom third test of this level

[11:49] {Threei} (EU) EU commission reaches prelim deal wit US to on liberalizing trans atlantic flights, "Open Skies"; still requires Congressional approval

[11:49] {Threei} - deal allows for majority ownership in any of the airlines by either EU or US companies

[11:49] {Threei} - Note: the US and Japan finalized an "Open Skies" agreement in December

[11:49] {Threei} don't know how this could impact UAUA

[11:49] {ese} brings to mind a thought ..."everyone knows what thought did" "stuck his head in a hole and thought it woud grow"

[11:52] {Les} somx looking to challenge 10 again

[11:54] {Threei} (GR) Austria Official: No detailed decision expected on deal for Greece today

[11:54] {Threei} - Note: Earlier EU's Juncker noted increasing confidence that a deal on Greece would be reached later today

[11:57] {Les} qcom

[11:57] {RonS} TIE trading heavy

[11:57] {_shorty} Short QCOM 42.85, cover 42.73

[11:57] {nemo} qcom 200 around 42.60

[11:58] {nemo} interesting though les...bottomed 3 times at .75 then momentarily spiked through on high volume, regainint .75

[12:00] {Les} yeh which makes it a 50/50, using Vad's parlance. another gentle drop required for setup

[12:01] {magoo} magoo looks up the word parlance in his pictionary

[12:01] {_shorty} lol

[12:01] {fernp} .70 break FAZ, Vad?

[12:01] {nemo} yeah...Jack Parlance

[12:02] {Les} don't mind me

[12:02] {_shorty} To speak, french for parler.

[12:03] {nemo} or russian

[12:03] {Les} parlance probably derived from french parlance

[12:03] {Les} parler

[12:03] {ese} out LEN .48 +.08 with 16k of the little bugars

[12:03] {magoo} still cant find it...whats it look like?

[12:03] {Les} sweet

[12:03] {RonS} per les

[12:03] {Les} http://www.thefreedictionary.com/parlance

[12:04] {nemo} http://www.etymonline.com/index.php?search=parlance&searchmode=none

[12:04] {Threei} can't tell fern

[12:04] {magoo} his pictionary

[12:04] {nemo} fern

[12:04] {magoo} pic

[12:04] {Les} interesting nemo, I'll bookmark that site ty

[12:05] {fernp} tell me nemo

[12:05] {Les} PMI at yesterday's close

[12:05] {nemo} fern fas about to make contact with the 50 ma. See how that reacts before going to faz, we're also coming into lunch

[12:05] {_shorty} QCOM support again

[12:06] {fernp} thank you nemo :-)

[12:06] {nemo} imo...fas has been so strong and it's lunchtime

[12:08] {nemo} fas held that high volume support from the 11:23 area, see

[12:08] {fernp} yes

[12:08] {fernp} FAS is strong

[12:09] {nemo} yeh, maybe shorting faz would be better today

[12:09] {fernp} shoted that 13 break

[12:09] {fernp} was nice

[12:10] {_shorty} Think there is a set up for ZION at 23.65?

[12:13] {Threei} I would avoid standard setups at this time

[12:15] {_shorty} Thanks.

[12:16] {Les} qcom coming down

[12:20] {Threei} UAUA cares not

[12:20] {Threei} just chugging along

[12:22] {fernp} DIS is also strong today

[12:23] {magoo} ALERT..history channel vad the impailer

[12:25] {RonS} impailer sounds like a milk farmer

[12:25] {magoo} dont look ITMN vad

[12:25] {Threei} never

[12:25] {Les} http://uploads.mibbit.com/N3xxCK.jpg

[12:25] {Les} sorry vad, just looking at article on russian incursion into uk airspace

[12:26] {Les} what's written please?

[12:26] {Threei} a name

[12:26] {Threei} first and last

[12:26] {nemo} "Les is a ...."

[12:26] {Les} person?

[12:26] {Threei} vasily Reshetnikoff

[12:27] {Les} ok thanks

[12:27] {RonS} namesake of vaseline?

[12:27] {Threei} not really

06[12:27] * nemo slaps RonS around a bit with a large trout

[12:27] {RonS} :)

[12:28] {Threei} but I see how the image could take you there

[12:28] {nemo} oh....that's bad

[12:28] {nemo} vad

[12:28] {Threei} will hace to edit the log?

[12:29] {nemo} nah....it wasn't literal, just between the lines

[12:29] {Threei} or can just say it's Ron's fault?

[12:29] {Threei} and les's

[12:29] {Threei} and yours

[12:29] {nemo} yeah, if it weren't for his provocative comment

[12:29] {nemo} I had nothing to do with it, other than if you thought, "Oh, NEMO will get a kick out of this."

[12:29] {_shorty} This chat room is fun, I guess I will sign up for another free week next week Threei!

[12:30] {Threei} lol

[12:30] {Threei} well nemo, you can't blame me for adding you to a bunch every time something untoward happens

[12:30] {nemo} yeah, guilt by association...understood

[12:30] {Les} nothing less than what he deserves

[12:31] {larisa} got 1+ on AMZN short , do not try this at home :)

[12:31] {Threei} wtg larisa

[12:31] {Threei} that's really gutsy

[12:31] {RonS} that has been the toughest short...wtg

[12:31] {larisa} had to use both accounts, not enough money in 1 :)

[12:31] {nemo} where'd you enter larisa

[12:32] {larisa} scaling in small nemo

[12:32] {larisa} 136.54 136.85

[12:33] {larisa} did not wait for confirmation.. 12:08 would be perfect entry. was tooo early

[12:33] {strider} good goin', larisa.

[12:34] {nemo} Nice, pretty, brains...oy vay

[12:34] {larisa} shaking here a bit :) reaction :)

[12:34] {Les} thrill of the hunt

[12:34] {nemo} No it's me...I do that to women

[12:35] {strider} Right before they take out the restraining order.

[12:35] {Les} blaagh

[12:35] {larisa} AMZN hates to reverce, very stubborn stock

[12:35] {Threei} SIRI Hearing Lazard making positive comments (timing uncertain) (0.90, +0.01, 1.67%)

[12:35] {nemo} strider...ordinarily, that would merit an "attaboy"

[12:36] {nemo} but you see dear boy, that was much too easy

[12:36] {strider} Flattery will get you nowhere.

[12:36] {strider} SIRI.......two cent range.

[12:36] {nemo} It wasn't flattery...I laid it out there on a frickin silver platter for ya'

[12:37] {Les} c'mon nemo, that wasn't bad

[12:37] {strider} Why does SIRI trade that way?

[12:38] {Les} qcom might have a .50 b/d coming

[12:38] {Threei} enormous float

[12:38] {Threei} typical scalp type I stock

[12:38] {Threei} for ese

[12:38] {nemo} No, it was o.k., but I expect more out of strider

[12:38] {Les} really, when you belittle him as nothing more than a country hick?

[12:39] {_shorty} So ese style is to scalp 5 cents on huge amount of shares?

[12:39] {_shorty} give or take a penny

[12:39] {nemo} I never said he was a country hick?

[12:39] {Threei} well, he will take more than 5 if he can

[12:39] {Les} qcom .50 b/d?

[12:39] {Threei} but that's the gist of type I

[12:39] {strider} I am an Appalachian-American.

[12:39] {nemo} he he he

[12:40] {nemo} never hear that one before

[12:40] {_shorty} That is something I have been doing for about 1 month, but I don't have the capital yet to trade a big amount of shares.

[12:40] {strider} Of course not. You're in Boston.

[12:40] {nemo} that hurt

[12:40] {strider} We don't come up there unless we're invading.

[12:40] {Threei} not sure Les... chart's right...

[12:41] {Les} low vol. bounce. will wait and see

[12:44] {strider} Gotta go make some guaranteed income.

[12:44] {strider} Back in awhile.

[12:44] {Threei} did SIRI .896 - .91

[12:44] {Threei} got out at the offer, so liquidity rebate really helped

[12:44] {fernp} DIS 1:1

[12:46] {nemo} solid volume day so far

[12:47] {nemo} here we go

[12:48] {Les} cat .40 break?

[12:49] {larisa} want to note, when you do side by side trades on MBT and Laser, like i do, you can see how much faster laser fills are. Even MBT pending orders fade away too slow after completion :)

[12:52] {Les} starting to warm to laser

[12:52] {Threei} you've been cold to it not even trying it?

[12:52] {larisa} lol

[12:53] {larisa} when you get used to something, hard to let go :)

[12:53] {Les} nyah nyah nyah

[12:53] {Les} yes, but noticing delays in order receipt with IB. starting to irritate

[12:53] {Les} especially around opening

[12:54] {larisa} never tried IB

[12:56] {magoo} freakin bacon

[12:57] {ese} take care all....cya tomorow

[12:57] {Les} ciao ese

[12:57] {_shorty} Bye

[12:57] {ese} ciao

[12:58] {ese} shorty

[12:58] {larisa} wow, 50 points til 11K ? just noticed

[12:58] {larisa} bye ese :)

[12:58] {Threei} take care ese

[12:58] {Threei} 55

[12:58] {fernp} bye ese

[12:59] {Threei} come on larisa... not much time left to make that lucrative bet

[13:00] {larisa} I am capricorn, way more stubborn than you are :)

[13:00] {Threei} now, that is very hard to believe

[13:03] {fernp} X .10 breakdown w stop above .20, Vad?

[13:04] {Threei} nah

[13:04] {Threei} better try aggresive entry

[13:04] {Threei} near .20

[13:05] {fernp} ty

[13:05] {Threei} breakdowns take it 2-3 cents lower, then it bounces to the resistance

[13:07] {Les} seed vad

[13:07] {Les} .12 b/d?

[13:07] {Les} half shares

[13:08] {Threei} there is just not enough ectivity there for me to get any kind of read

[13:08] {Les} ok

[13:09] {Threei} big bid at .13 is the only helpful thing

[13:09] {Threei} maybe if it gets broken...

[13:09] {Threei} but look at T&S

[13:09] {Threei} trades by appointment

[13:12] {Threei} 7261.JP Toyota to help Mazda launch hybrid by supplying key parts

[13:12] {Threei} lol... Toyota supplies gas pedal?

06[13:12] * larisa slaps Threei around a bit with a large trout

[13:13] {Threei} am I the only one who finds it funny?

[13:14] {Threei} NSANY Nissan, Daimler In Talks For Mutual Stakes

[13:14] {_shorty} I just read that Threei.LOL

[13:15] {Threei} whew... thank you

[13:15] {Threei} I was about to sell my sense of humor to a thrift store

[13:15] {_shorty} I am a stay at home dad, so sometimes I am away drinking, I mean taking care of my kids.

[13:16] {Threei} right

[13:16] {larisa} healthcare reform activist it off the fingertip of of a counter-demonstrator. now this is funny :)

[13:16] {larisa} bit off :)

[13:17] {Les} lol no that was funny

[13:17] {Threei} that's old one larisa

[13:17] {Threei} and jeez, aren't you a blood-thirsty one

[13:17] {larisa} I know, from 2009.. today they just give each other black eyes :)

[13:17] {Threei} I thought carrot juice drinkers were very peaceful

[13:18] {larisa} no, hormones in meat keep you peaceful.. vegetable eaters are wild :)

[13:19] {Threei} wow

[13:19] {Threei} that kind of changes my outlook on the world

[13:21] {Les} be wary of those bunny rabbits

[13:22] {Threei} I met a guy with broccoli in his hand the other day

[13:23] {Threei} had no idea what danger I was in

[13:23] {Les} wow seed decided up

[13:24] {Threei} all the while I was absolutel;y harmless and even defenseless with all the bacon in my bloodstream

[13:24] {_shorty} lol

[13:24] {Threei} UAUA decent drop

[13:25] {_shorty} Think cresto Threei, eat all the bacon you want!

[13:25] {_shorty} crestor

[13:25] {Threei} I don't believe in cholesterol

[13:25] {Threei} it's a propaganada by drugmakers

[13:25] {_shorty} I knew it! We need to talk Threei.

[13:26] {Threei} met anyone after 45 with no elevated cholesterol?

[13:26] {_shorty} My dad.

[13:26] {Threei} frikin 41% of population of Canada has it

[13:26] {Threei} what dos it tell you?

[13:26] {Threei} I mean dost

[13:26] {_shorty} We like bacon?

[13:27] {Threei} that too

[13:27] {Threei} but mainly, it's normal state for human being

[13:27] {_shorty} I live in Alberta, it's a prerequisite to live here.

[13:28] {Threei} there is a good reason for those multiple studies that show no connection between taking antistatins and diminishing of heart attacks

[13:28] {larisa} shorty, threei does not believe smoking is bad for you also :) he believes if you enjoy something, it is good for you :)

[13:29] {_shorty} lol

[13:29] {_shorty} Still LMAO Larisa

[13:29] {Threei} you got it larisa

[13:29] {Threei} still, I did quit smoking

[13:29] {_shorty} Sign me up for three free weeks of this Threei!

[13:30] {Threei} and guess what

[13:30] {Threei} my blood pressure shot throug the rof ever since

[13:30] {_shorty} You started smoking again?

[13:30] {Threei} no

[13:30] {_shorty} I quit smoking when I had my gave birth to our first child.

[13:30] {_shorty} wife

[13:31] {_shorty} I screwed up that sentence.

[13:31] {nemo} dying of small cell lung carcinoma is a brutal way to go

[13:32] {_shorty} That sounds horrible nemo.

[13:32] {larisa} vad, for every 2.2 pounds of weight loss, your blood pressure drops by 1 mm.

[13:33] {Threei} doesn't sound encouraging larisa

[13:33] {_shorty} lol

[13:33] {larisa} minus sodium :)

[13:34] {Threei} plus bullet to the head

[13:34] {Threei} put me out of my misery

[13:34] {Threei} (GR) Franco-German "last-minute agreement" on aid package to Greece is for 22B - Le Figaro

[13:34] {Threei} - Paris and Berlin have agreed on the terms of a bailout for Greece. The agreement provided a budget of 22 billion euros "as a last resort." The assistance will be released in case of inability to Athens normally finance markets.

[13:34] {Threei} - The European framework consists of coordinated bilateral loans which Member States would have to contribute, with the IMF granting financing through additional loans.

[13:34] {Threei} - The text must still be submitted to EU President Van Rompuy.

[13:35] {nemo} dollar hasn't crashed yet

[13:36] {RonS} ...euro holding...

[13:37] {nemo} indices back to support

[13:37] {nemo} frickin' greeks are gonna spoil the 11k party

[13:38] {larisa} it is not them :)

[13:38] {nemo} it is they

[13:40] {Threei} (GR) Greek official: Franco-German aid plan is acceptable, provides a message of stability

[13:42] {magoo} QCOM

[13:43] {RonS} ...hearing another bad auction....tnx to 3.913%

[13:43] {Threei} yeah, that .50 break Les spotted was tight

[13:44] {Threei} auction was at 1

[13:44] {Threei} *(US) TREASURY'S $32B 7-YEAR NOTE AUCTION DRAWS 3.374%; BID-TO-COVER RATIO: 2.61 V 2.98 PRIOR AND 2.79 OVER THE LAST 5

[13:44] {Threei} - Indirect bidders take 41.87% of competitive bids, with 83.04% allotted at the high

[13:44] {Threei} - Direct bidders take 8.11%, primary dealers 50.02%

[13:44] {Threei} - Median 3.289%, low 3.229%

[13:44] {Threei} - Bid to cover lowest since May 28th, 2009.

[13:44] {Threei} this wave of selling came 30 min later

[13:45] {Threei} so I doubt it's related

[13:46] {nemo} spy just hit the open and R2, see if it stabilizes here

[13:49] {nemo} oh oh

[13:50] {magoo} l qcom .20 RISKY

[13:50] {magoo} stop .97

[13:52] {Threei} EUR/USD Moves to fresh 10-month lows below 1.33 as markets digest reported Greek aid package and IMF involvement

[13:53] {RonS} TIE banging on the drop door

[13:55] {Threei} Long Setup: UAUA .10 break if stays above .05 and with market bouncing

[13:57] {Threei} modification, .05 break if holding 20

[13:57] {Threei} CAAS Hearing Rodman & Renshaw raises price target to $30 from $18 (timing uncertain)

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

[14:00] {Threei} - NYSE volume 630M shares, about 3% above its three-month average; advancers lead decliners by 1.8:1.

[14:00] {Threei} - NASDAQ volume 1.67B shares, about 22% above its three-month average; advancers lead decliners by 2.1:1.

[14:00] {Threei} - VIX index -2.75% at just over 17.00

[14:01] {Threei} over 1:1

[14:01] {Threei} 1:2

[14:01] {fernp} ty Vad

[14:01] {Threei} out

[14:01] {Threei} welcome

[14:01] {Threei} did we have any stops today?

[14:01] {_shorty} I did Threei.

[14:02] {Threei} on calls I mean

[14:02] {Threei} if you had some on your own, I could take responsibility for them of course if you insist

[14:03] {_shorty} lol

[14:03] {Threei} 'cause ya know... I am married

[14:03] {Threei} thus got used to take blame

[14:03] {Threei} for rain

[14:03] {Threei} earthquakes

[14:03] {Threei} plane delays

[14:03] {_shorty} Lack of experience to trade early this morning. The market shock me out twice.

[14:04] {_shorty} lol

[14:04] {_shorty} I get the blame too, does your wife have a long lost sister?

[14:05] {_shorty} Thanks for the UAUA set up Vad.

[14:05] {Threei} welcome

[14:05] {Threei} they are all sisters

[14:05] {Threei} all

[14:06] {_shorty} They are bigger then the freemasons Threei.

[14:07] {nemo} reason we're still not in the garden of eden

[14:08] {Threei} well, present company excluded

[14:09] {Threei} US) Reportedly US Senate has votes needed to pass House amendments to the heathcare bill

[14:09] {Threei} lol, that is one funny game

[14:10] {Threei} republicans press dems to vote no on things like "guarantee no new taxes on people earning under 200K"

[14:10] {Threei} or "guarantee no cuts to medicare"

[14:10] {Threei} they vote yes, bill is dead,

[14:10] {Threei} they vote no - they give awesome weapon to reps in the election

[14:11] {larisa} they will not have fingers to vote

[14:11] {Threei} rofl

[14:12] {Threei} meanwhile, guess who is on TV

[14:13] {nemo} Lolita Davidovich?

[14:13] {Les} salma hayek?

[14:15] {magoo} looky qcom

[14:16] {Threei} (GR) US Treasury Sec Geithner: Confident that Europe can find a solution for Greece

[14:17] {Threei} (GR) Two robins on the birch tree branch: Do you think we are the last ones who haven't commented whether Europe can find a solution for Greece?

[14:17] {Threei} - As an IMF member, Greece has the right to seek aid from the organization

[14:26] {Threei} I have a nagging suspicion 11K won't happen today

[14:26] {Threei} larisa missed out on a big box of carrot juice

[14:30] {Les} PMI shaping up as a decent type 1 short. massive bid to chew thru at .18 though

[14:30] {Threei} CAAS

[14:31] {RonS} Col Kurtz reversal day

[14:32] {_shorty} Senate past healthcare.

[14:32] {nemo} the beauty of sheer terror

[14:32] {RonS} "the horror"

[14:32] {_shorty} passed

[14:32] {nemo} yes

[14:33] {nemo} tough to be vaccinated back then

[14:33] {RonS} ?

[14:33] {_shorty} lol

[14:33] {nemo} what was the example of horror he cited?

[14:33] {_shorty} nice one nemo

[14:33] {nemo} TY

[14:34] {_shorty} I can't write today, or just can't write at all.

[14:34] {RonS} enlighten me

[14:34] {_shorty} I wrote past, not passed. Past is the past.

[14:34] {nemo} yeah...didn't call you on it shorty

[14:35] {_shorty} I would have nemo. I would have made fun of me.

[14:35] {nemo} he was military support in a mission sent to vaccinate natives

[14:35] {nemo} the local opposition guerillas "amputated" the vaccinated arms

[14:35] {RonS} kurtz was brando

[14:35] {nemo} yes

[14:36] {nemo} that was the scene with Martin Sheen on "horror"

[14:36] {RonS} i guess i am screwed up. i thought that was brando's line...

[14:37] {nemo} it was

[14:37] {nemo} that was the example he gave

[14:37] {Threei} CAAS nice bounce

[14:37] {nemo} was also lawrence fishburne's first movie

[14:37] {Threei} anyone had guts to go for it?

[14:37] {fernp} not here

[14:38] {nemo} not my type either

[14:38] {fernp} the spread is normally my typical 1:1 lol

[14:39] {RonS} ...the tiger scene with the sous chef is my fave

[14:39] {nemo} you like the .05 stops

[14:39] {nemo} oh yeah, that was funny

[14:40] {RonS} ...harrowing with a good surround system

[14:40] {fernp} too dangerous for me CAAS

[14:47] {Les} how the might fall - PRGO

[14:48] {_shorty} Need to take the kids out. I will talk to you guys tomorrow. Happy end of day trading all.

[14:48] {Les} ciao shorty

[14:48] {Threei} take care shorty

[14:49] {fernp} bye shorty

[14:49] {Les} aapl tanked

[14:52] {Threei} pretty much everything did

[14:53] {Les} ah yeh. looking at spy

[14:53] {Threei} 11 years boy fights for health care reform on TV

[14:54] {Threei} how I hate these propaganda methods

[14:59] {RonS} vad, this site is killin me, harry reid in the ad space...

[14:59] {Threei} which site?

[14:59] {RonS} mibbit

[14:59] {Threei} oh

[14:59] {Threei} that's third party, not ours

[15:00] {Threei} just an application

[15:00] {Threei} swicth to mirc, no ads

[15:00] {larisa} switch to MIRC Ron, you will like it

[15:00] {RonS} i figured...but sheesh...ever been to Searchlight NV, reid's hometown. no wonder the guy is such a crook

[15:01] {nemo} it's a prerequisite for office

[15:01] {nemo} gotta go folks...cu 2 morow...I think

[15:01] {Threei} take care nemo

[15:01] {larisa} bye :)

[15:01] {RonS} cya nemo

[15:02] {fernp} adios nemo

[15:02] {nemo} hasta manana

[15:03] {fernp} A strong today

[15:19] {Threei} JAZZ Discloses receives notice from Lonza Inc of intent to terminate Sodium Gamma Hydroxybutyrate Development and Supply Agreement - filing (12.38, -0.45, -3.51%)

[15:24] {RonS} was obama driving? http://www.businessinsider.com/100k-falls-off-an-armored-car-and-in-turn-pedestrians-stuff-their-pockets-2010-3?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

[15:25] {strider} anybody here?

[15:25] {magoo} ya

[15:26] {magoo} comp crashed there for few tho

[15:26] {strider} I see.

[15:26] {Threei} interesting quiet

[15:27] {Threei} not hunting for trades really, but want to see how end of day resolves

[15:27] {Threei} who blinks

[15:31] {Threei} Market Internals update at 3:30ET

[15:31] {Threei} - NYSE volume 815M shares, about 2% above its three-month average; advancers lead decliners by 1.6:1.

[15:31] {Threei} - NASDAQ volume 2.13B shares, about 20% above its three-month average; advancers lead decliners by 1.5:1.

[15:33] {Les} getting harder to bust that 11k target

[15:33] {strider} Financials drooping.

[15:34] {strider} gonna make another run for it?

[15:40] {RonS} ...selling the winners. check clf

[15:42] {fernp} Good evening everybody. See u all tomorrow

[15:42] {RonS} good thing dino is playing golf

[15:42] {Les} ciao fern

[15:42] {Threei} take care fern

[15:42] {RonS} cya fern

[15:46] {strider} Geez, everybody was so optimistic this morning. What happened?

[15:46] {larisa} not everybody :)

[15:46] {Threei} maniac-deperssive

[15:46] {strider} yeah. what you said.

[15:46] {Threei} elated this minute, depressed next

[15:46] {Threei} yesterday they couldn't get out fast enough

[15:47] {Threei} in the morning there was nthing they wouldn't buy

[15:47] {Threei} not they want none of that

[15:47] {Threei} you are not married or what

[15:47] {strider} who, me?

[15:47] {Threei} sure

[15:48] {strider} My wife is very frugal.

[15:48] {strider} I have to force her to spend money.

[15:48] {strider} I don't do that often.

[15:48] {larisa} lol

[15:48] {RonS} sounds like nirvana

[15:48] {lasertrev} magoo dcc

[15:49] {strider} If something breaks, she just figures out how to get along without it.

[15:50] {larisa} I ask hubby to fix it :) most of the time he can.. but somehow i tend to break things..

[15:51] {strider} She drove a VW beetle from 1967 to 2002

[15:51] {strider} and I mean the same car.

[15:51] {larisa} so what if she liked it

[15:52] {strider} She did. Had to pry her out of it.

[15:52] {larisa} she keeps you for how many years ?

[15:52] {strider} not so many.

[15:52] {Threei} lol

[15:52] {strider} Just since 1994.

[15:52] {larisa} so do not change her habit to keep things around :)

[15:53] {strider} absolutely not.

[15:57] {Les} managed to trade 104'000 pretend shares of PMI today

[15:57] {Les} gives me an idea of how ese does his thing

[15:57] {larisa} profitable?

[15:57] {Threei} bulls really blinked today

[15:57] {Threei} first time in a long time

[15:58] {RonS} les, until, if, and when you do it with real money you will have no idea

[15:58] {strider} Hope it follows through.

[15:58] {RonS} ...vad, fundies booking their quarter. had to happen some time

[15:58] {Les} no, but not hurting bad either. You can clearly see where I went right and wrong on PMI. Trend trades were good, the rest *hit

[15:59] {Les} not so Ron

[15:59] {strider} I think Les has an idea....

[15:59] {Les} slightly different setup to vad

[16:00] {Threei} thank you all

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

[16:00] {strider} what did I do?

[16:00] {Les} ty and ciao

[16:00] {magoo} ty

[16:00] {larisa} Emotions will fly with big shares. Not for everybody for sure :)

[16:00] {larisa} bye all

[16:00] {RonS} ciao

Mar 24 2010

Most plays were on a scalp side, with just couple reaching 1:2 risk/reward, but nicely profitable, with trades on both long and short side.

Session Time: Wed Mar 24 00:00:00 2010

[04:56] {KSystems} hey...that typo in the topic, do you want to keep it?

[08:13] {Threei} US) Preview: Feb Durable Goods Orders & Durables Ex Transportation data expected at 8:30am ET

[08:13] {Threei} - Durable Goods: Expected at 0.6%. The prior number was 3.0%

[08:25] {Threei} (GR) German Gov't: Do not expect Greece statement at EU Summit

[08:26] {nemo} lvs active

[08:26] {Threei} yes but PARD is halted

[08:28] {nemo} adbe could be interesting this morning

[08:30] {Threei} *(US) FEB DURABLE GOODS ORDERS: 0.5% V 0.6%E; EX-TRANSPORTATION: 0.9% v 0.6%E

[08:32] {strider} GENZ halted

[08:33] {Threei} Genzyme Corp Halted; FDA takes enforcement action regarding Allston plant, notes that Fabrazyme shipments will not be interrupted by move

[08:33] {Threei} - The FDA notified the company yesterday afternoon that, while the agency recognizes Genzymes efforts, it intends to take enforcement action to ensure that products manufactured at the plant are made in compliance with good manufacturing practice regulations. The FDA enforcement action will likely result in a consent decree, under which a third party would inspect and review the plants operation for an extended period and certify compliance with FDA regulations. Under a consent decree, Genzyme also would be required to make payments to the government and could incur other costs.

[08:40] {Threei} Spot gold tests fresh one-month lows below 1,090/oz

[08:51] {Les} morning.

[08:51] {Threei} Les :)

[08:52] {Les} wow Vad, I'm impressed. Didn't realise how early you got up for us

[08:52] {Les} that's dedication

[08:52] {Threei} maybe I'll get more appreciation now

[08:52] {Les} nah

[08:52] {Threei} fair enough

[08:52] {nemo} nah...you have more of the day to yourself after

[08:53] {Les} I used to get up at that time...

[08:53] {Les} for a burger flippers wage

[08:53] {Threei} what clued you in Les? Looked at the map finally?? :)

[08:53] {nemo} hehehehe

[08:53] {Les} yeh we haven't changed time yet. was curious as to who was what and where

[08:53] {Les} this sunday

[08:54] {Les} sorry, your joke like water off a duck's back...

[08:54] {Les} what's on the menu?

[08:55] {Threei} SQNM

[08:55] {Threei} ADBE

[08:56] {Threei} and I was fully intending to trade PARD a lot this morning but it's halted :(

[08:56] {Les} what's the story?

[08:56] {Threei} no idea

[08:56] {Threei} oh wait

[08:57] {Threei} Poniard Pharmaceutical Provides Strategic Update on Picoplatin Development Program (halted); Cuts jobs, engages advisor for strategic alternatives

[08:57] {Threei} the Company has decided to suspend its efforts to obtain regulatory approval for picoplatin

[08:58] {Threei} but it doesn't really matter

[08:58] {Threei} that was just a joke... who cares about PARD

[08:59] {ese} wwwwwOOAAhhhhh WWWWoooooaaaaaHHHHHH morning...gotta tell ya...the value of a hot before trading cannot be over estimated

[08:59] {ese} hot tub

[09:00] {ese} am real laid back now.......pressure won't affect me no sir

[09:00] {Threei} VPHM Announces Acceptance of Cinryze(TM) (C1 Esterase Inhibitor [Human]) Marketing Authorization Application (MAA) by European Medicines Agency (EMA

[09:00] {Threei} ese :)

[09:01] {ese} hhhhhEEEEEyyyyyy HHHHeeeeeYYYY vad

[09:01] {Les} morning ese, I use scotch

[09:01] {ese} rotflol

[09:02] {nemo} soggy dude

[09:03] {ese} hhhhhhhEEEEEyyyyyyyyy dude.......as i wobble back and forth

[09:03] {nemo} Personally, I like saunas

[09:04] {ese} boy.....if anything like a hot tub.....i'll get that as well

[09:04] {ese} it's

[09:04] {Les} will call you "Mr squeaky clean"

[09:08] {ese} sooooooo I got out of seed at .27 and a bit yesterday basically +.20

[09:14] {ese} whats with SOMX......i can't find any new news on it

[09:15] {Threei} doesn't have any

[09:15] {Threei} last one:

[09:15] {Threei} March 22, 2010 4:00:24 PM

[09:15] {Threei} Somaxon Pharmaceuticals Offering 4M shares of common stock (17% of shares outstanding)

[09:15] {Threei} - The co-manager in the offering is Oppenheimer & Co. Inc.

[09:15] {Threei} - Expects to grant the underwriters an option to purchase up to an additional 600K shares of common stock to cover overallotments of shares, if any.

[09:16] {Threei} (GR) Greece Official: Reiterates view that it is not seeking aid but only political support

[09:16] {Threei} lol

[09:16] {ese} ya....seen that.......hmmmmm

[09:18] {strider} morning all.

[09:18] {strider} SBUX

[09:18] {Threei} strider :)

[09:18] {Threei} SBUX *ANNOUNCES FIRST DIVIDEND AT $0.10/SHR; ANNOUNCES ADDITIONAL SHARE BUYBACK PROGRAM OF 15M SHARES (2% of shares oustanding)

[09:18] {ese} st

[09:19] {strider} morning ese. Glad you're back.

[09:19] {ese} tks....missed the board.....

[09:21] {nemo} throwing darts ese?

[09:21] {RonS} gm all, mf up on Corzine 25.5 mil sh short, 21% of float

[09:21] {ese} huh

[09:22] {nemo} you missed the board

[09:22] {Threei} ron :)

[09:22] {ese} ahhhhhhh....yes indeed

[09:22] {ese} ron

[09:22] {RonS} ese

[09:23] {ese} you smell short covering ron

[09:25] {RonS} Corzine exGS ceo, if you were short what would you do?

[09:26] {ese} hmmmmmmmm

[09:26] {Threei} good point Ron

[09:26] {lasertrev} good morning

[09:27] {RonS} mpel possible breakout

[09:27] {Threei} trev :)

[09:27] {Threei} Euro vs US Dollar (GE) German Dep Fin Min Kampeter: No reason to bolster the euro politically; exchange reflects stability

[09:27] {Threei} - IMF aid to Greece only in worst case scenario

[09:27] {Threei} SP) ECB's Ordonez: Spain needs major reforms in order to return to growth

[09:29] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:30] {Les} sqnm pivot and 200 ma support .52

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

[09:31] {fernp} Good morning everybody

[09:31] {Threei} stop under .30

[09:31] {Threei} fern :)

[09:34] {Threei} SQNM feels like preparing but exact setup is not clear

[09:34] {Les} yes

[09:34] {Threei} SOMX sharp move at the open

[09:34] {Les} adbe 37 b/d?

[09:34] {Threei} no

[09:35] {Les} sorry, stop too large

[09:35] {RonS} mpel, big vol, today's lvs?

[09:36] {Threei} 5.16 lng worth a try

[09:36] {Threei} long

[09:38] {larisa} AIG exploding

[09:40] {Threei} MPEL 1:1

[09:40] {fernp} ty Vad

[09:40] {Threei} LVS pullback

[09:40] {Threei} 22 recross long

[09:41] {Threei} if stays above .90

[09:42] {Threei} 1:1

[09:42] {Threei} TIVO Hearing takeover chatter circulating

[09:42] {Threei} - DISH rumored as a potential acquirer (16.69, +0.52, 3.21%) (related DISH SATS )

[09:42] {fernp} ty Vad

[09:43] {ese} vad .20 break .10 stop mf ?

[09:43] {ese} nope

[09:43] {Threei} still possible as double bottom play

[09:43] {Threei} I'd try it differently

[09:43] {Threei} .10 break

[09:43] {Threei} aggressive

[09:44] {jfjf64} ty SENSI

[09:44] {Threei} stop under .07

[09:44] {Les} ty mpel

[09:45] {Threei} BAC Obama Administration was in talks to adjust foreclosure plan; BAC could forgive loan principal of up to 30% - CNBC citing sources (17.36, +0.23, 1.34%) (related C XLF )

[09:46] {nemo} rinse on the 1:1 on lvs

[09:46] {Threei} (US) Preview: Feb New Home Sales due out at 10:00ET

[09:46] {Threei} **consensus expectation: 315Ke v 309K prior

[09:47] {Threei} now either take scalp near .20 or sell half MF

[09:47] {Threei} beauty of aggressive entries

[09:49] {Threei} ugh, missed SOMX double bottom

[09:49] {Threei} too many things happening at once

[09:50] {Threei} only 3 eyes

[09:50] {nemo} sheesh

[09:50] {nemo} you need to raise the bar :)

[09:50] {jfjf64} comon more eyes

[09:50] {nemo} fas positive

[09:51] {RonS} rht, jumping, reports amc, big call buy yesterday

[09:51] {nemo} so strong $ can't hold the market down either

[09:51] {Threei} well, we are still in red

[09:54] {Threei} POZN

[09:54] {jfjf64} lvs sellin

[09:54] {Threei} don't see anything fresh

[09:57] {Threei} XNPT Hearing Summer Street making positive comments on prospects for Horizant (9.59, +0.40, 4.35%) (related GSK )

[09:57] {Threei} USD/CNY (CH) Vice Commerce Min Zhong Shan: Reiterates view that CNY appreciation is not a good path to remove global imbalances

[10:00] {Threei} *(US) FEB NEW HOME SALES: 308K V 315KE

[10:00] {nemo} not a big surprise

[10:00] {nemo} with all the snow

[10:02] {fernp} MF breakdown, Vad?

[10:02] {Threei} Short Setup: CAT .45 break

[10:02] {Threei} ugh.... late

[10:02] {Threei} OK, let's see if sets up again

[10:02] {Threei} same trigger

[10:02] {Threei} half lot

[10:02] {Threei} .60 invalidation

[10:03] {Threei} probably fern

[10:03] {fernp} ty

[10:03] {RonS} rht, salmon

[10:04] {Threei} no go CAT

[10:05] {nemo} db at 9:37 was the clue

[10:05] {Threei} RHT... 31 break on daily

[10:05] {Threei} looks powerful

[10:06] {RonS} holy smokes, clf up again & again & again

[10:07] {fernp} out MF +.06 ty Vad

[10:07] {Threei} :)

[10:08] {nemo} RHT r3 at 31.20

[10:10] {Threei} WAVE PacketVideo (unit of WAVE) Selected to Help AT&T With New End-to-End Mobile Music Service (update)

[10:10] {Threei} ok

[10:10] {Threei} market resolves morning volatility into its usual "up no matter what"

[10:11] {nemo} yeah, when I saw fas go positive

[10:12] {ese} ahhhh were back

[10:12] {nemo} we likely have to hit 11k before any pullback to speak of

[10:12] {Threei} larisa disagrees

[10:13] {Threei} but I can't get her to bet

[10:13] {Threei} and dino plays golf

[10:13] {nemo} if I said it was sunny, she woul say it was cloudy

[10:13] {Threei} SOHU Moves higher as article circulates citing SOHU exec's strategy for filling void left by Google in China (54.08, -0.11, -0.20%)

[10:14] {Threei} PLUG Chairman and CEO Purchase 210,146 Shares of Company Common Stock (0.69, +0.03, 5.27%)

[10:14] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:14] {Threei} **consensus expectations:

[10:14] {Threei} Crude: +1.3Me

[10:14] {Threei} Gasoline: -1.5Me

[10:14] {Threei} Distillate: -1Me

[10:15] {nemo} BD oil will go up after the report

[10:15] {Threei} UAUA...

[10:15] {Threei} can't make up my mind

[10:16] {Threei} .80 break looked valid but this stock hates breakouts

[10:16] {Les} .82 support. maybe wait for confirmation?

[10:16] {Threei} let's see if it tries to trap buyers by sharp pullback into .70

[10:16] {Threei} where I'd try to snatch it

[10:17] {Threei} BYD Hearing takeover chatter circulating

[10:17] {Threei} - LVS rumored as a potential acquirer

[10:20] {Threei} [FIBK] First Interstate BancSytem IPO opens for trade at $16.00

[10:21] {Threei} hmmm

[10:21] {Threei} ESE Hearing weakness attributed to report from California that does not include smart metering funds for the company

[10:22] {Threei} SQNM is back

[10:22] {Threei} .50 break with .40 support, another one I looked at and hesitated

[10:23] {Threei} Long Setup: SOMX .25 if stays above .15

[10:24] {nemo} offer .24 somx

[10:25] {Threei} yup

[10:26] {Threei} volatile one, watch the position size

[10:28] {nemo} yeah, missed your half lot call on cat...ouch

[10:29] {Les} in and out sqnm. still refuse to listen to you vad. someone shoot me

[10:30] {Threei} DOE CRUDE: +7.24M V +1.3ME GASOLINE: -2.7M V -1.5ME; DISTILLATE: -2.4M V -1ME

[10:30] {Threei} where in and where out?

[10:30] {Threei} wow... we do have plenty of oil

[10:33] {Threei} SOMX 1:1

[10:33] {fernp} missed SOMX

[10:33] {fernp} good one

[10:35] {nemo} of course I get a phone call I have to take when somx triggers

[10:36] {Les} last in .67 out .78 after being screwed around in 2 attempts prior. .50 was great setup yet I was against the trend

[10:38] {nemo} look oil has gone up

[10:38] {Les} sqnm consolidating for another break

[10:39] {Threei} (GR) EU"s Barroso: The creation of a mechanism for Greece does not directly imply it will be used

[10:39] {Threei} - highlights that any solution to Greece issue must go to reinforcement of the EuroZone

[10:47] {ese} L MF .14

[10:48] {Threei} UAUA never pulled back and consolidates again

[10:48] {Threei} BAC Formal announcement: Introduces Earned Principal Forgiveness Among Enhancements to Its National Homeownership Retention Program (17.53, +0.40, 2.34%)

[10:48] {Threei} (US) Fed's Hoenig: Endorses Volcker rule; US must encourage competition

[10:48] {Threei} - expects credit growth to begin coming back slowly

[10:48] {Threei} - sees a improvement of regulation may come with the reversal of some prior deregulation

[10:48] {Threei} - feels financial holding companies should not engage in propo trading or handling hedge funds

[10:48] {Threei} - in favor of some basic supervisoy techniques that deal with maximum leverage levels and loan to value

[10:48] {Threei} - notes that the current regulatory reforms still put large amounts of exception in the Treasury's control

[10:50] {Les} CAT at 62. needs a bit of consolidation

[10:51] {fernp} HIG , Vad?

[10:51] {Threei} pullback to or just undr .20, I'd try to enter

[10:51] {fernp} ty

[10:53] {Threei} (SZ) SNB Vice Chairman Jordan: Banking collapse must not threaten financial system in the future, Swiss banking sector is overly large in proportion to Swiss economy

[10:53] {Threei} - No bank should be considered too big to fail in the future.

[10:53] {Threei} - Swiss banks will likely fight implementation of drastic measures.

[10:53] {Threei} - Switzerland may need more rigorous bank regulation than other countries

[10:54] {ese} out MF avg .21 +.07 18k

[10:56] {Les} nice

[10:56] {Threei} ok... ese IS back

[10:56] {Les} his pocket money makes me look like beggar

[10:56] {ese} tks....was just waitin on that one....

[10:56] {strider} Trev, dcc.

[10:58] {ese} 1 min chart on MF is a thing of beauty....almost a perfect rounded botom

[11:00] {ese} this one could be tex book......hit .40 pullback for 1/2 the time it took to get there ...perfect handle for cup and handle pattern ......andddddddd away she goes

[11:02] {Threei} (GR) ECB's Ordonez: Greece would likely need assistance

[11:04] {Les} you get a kick out of torturing us with news of Greece, don't you?:)

[11:04] {Threei} well...

[11:04] {Threei} that, and it seems to be masjor market influencing factor

[11:06] {RonS} plus, has a self image of being adonis. where's nemo?

[11:06] {Les} I'd wish they'd hurry up and die. get us some volatility and some quiet from their constant talk

[11:06] {nemo} ?

[11:06] {Les} but then again, could probably say the same thing for me...

[11:06] {strider} Saved me the trouble. :)

[11:07] {Les} :P

[11:10] {nemo} What's up Ron?

[11:11] {RonS} ...lookin for some wit from you...:)

[11:11] {nemo} tired this morning, sorry

[11:13] {nemo} adbe break of .65 stop under .55?

[11:13] {Threei} Short Setup: KMB .80 half lot

[11:13] {Threei} if stays under .90

[11:13] {RonS} np...I lost a tree last night that i have nursed for 20 years...blizzard, so i am kind of bummed

[11:15] {larisa} :( wind broke it?

[11:15] {Les} u guys still got snow??

[11:15] {nemo} broke wind?

[11:15] {RonS} rain, then frozed with blowing snow, snapped 2 in above ground

[11:17] {fernp} out .71 ty very much Vad

[11:17] {Threei} (US) Fed's Hoenig: Banks may encounter more losses if economy recovers slowly; unlikely that banks have recognized all of the losses - Q&A

[11:17] {Threei} - seeing loan performance continuing to deterioriate

[11:17] {Threei} welcome

[11:21] {fernp} any important news Vad?

[11:21] {fernp} nothing here

[11:21] {Threei} nothing fresh

[11:22] {Les} aig .35 b/d?

[11:22] {Threei} nah

[11:27] {Threei} I'd rather try .50 break long

[11:27] {Threei} if holding .40

[11:27] {Threei} discretionary trade

[11:27] {Threei} AIG is not for faint heart

[11:28] {Les} tis a pussy cat compared to its opening.

[11:31] {Les} vad, you got a read on x?

[11:32] {Threei} not in the least

[11:32] {Les} ok. I'm hooked on noise

[11:35] {Threei} better than on crack cocaine

[11:38] {nemo} relatively quiet day makes sense after yesterday

[11:38] {Threei} not over yet

[11:38] {jfjf64} little kick

[11:39] {Threei} fireworks can come any minute

[11:39] {Threei} and any direction

[11:42] {Threei} RU) Russia and US have reached agreement on arms limitation treaty

[11:42] {Threei} isn't it curious how little attention it earns these days

[11:42] {magoo} hello

[11:43] {Threei} original treaty was the biggest deal

[11:43] {Threei} hey mags

[11:43] {fernp} hi magoo

[11:51] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_howard_rich/obamacare_the_bigger_the_lie

[12:00] {Les} PSA vad, on a pullback to near .75?

[12:00] {larisa} but of course, fraudster that wants to keep America clean :)

[12:01] {ese} L len .90

[12:02] {Threei} yes Les... if ges there

[12:02] {Threei} larisa?

[12:06] {ese} out len .99 +.09 nice 12k

[12:06] {magoo} saawweeetttt ese

[12:07] {ese} indeed mags

[12:07] {Les} l fmc .12

[12:08] {Les} cof .60 break vad?

[12:08] {magoo} u gettin back into the groove?

[12:09] {Threei} I doubt it will be worth it

[12:09] {Les} k

[12:13] {ese} kinda mags.......still feels strange

[12:14] {nemo} so vad, market frozen...huge rally this afternoon?

[12:15] {Threei} one of possibilities of course

[12:15] {Threei} although to me stall feels more likely

[12:15] {Threei} finishing with no activity, luring in new crop of shorters

[12:15] {Threei} and killing them dead tomorrow

[12:15] {nemo} vix luring them in too

[12:22] {nemo} wow...not used to seeing that happen

[12:23] {Threei} what?

[12:23] {nemo} a "relatively" large order in FAS tripped a break

[12:23] {ese} it feels like it will stall to me as well......been pretty much on an uptrend for .....how many days now?

[12:23] {nemo} only 90k

[12:23] {nemo} 1 year ese

[12:23] {fernp} ABX .49

[12:23] {Threei} (US) Deputy Treasury Sec Wolin: US Chamber of Commerce's fight against reform for financial sector is 'misguided'; bill requires strengthening in the House and Senate

[12:23] {fernp} late

[12:24] {Threei} (GR) Germany reportedly sees the majority of the EU in support of IMF aid to handle Greece issue

[12:25] {Les} Germany sees a lot

[12:25] {nemo} How about the EU handling an EU issue

[12:26] {Les} watching LEN flirt with 18

[12:27] {nemo} and back away

[12:27] {Les} 3rd time lucky?

[12:32] {Threei} quess what

[12:32] {Threei} with all that scary looking selling, we are almost back to highs, lol

[12:32] {nemo} Jessica Biel is on TV

[12:32] {nemo} ?

[12:32] {Threei} no, some bald dude

[12:32] {Threei} wait... it's mirror

[12:33] {nemo} can't be, you don't cast reflections

[12:34] {Threei} whew

[12:34] {Threei} gives me hope this is not my reflection

[12:34] {nemo} doesn't mean you should have hope

[12:34] {larisa} lol

[12:34] {Threei} sigh... can't catch a break, can I

[12:35] {Threei} Les

[12:35] {nemo} Nature is unkind

[12:35] {Les} what, I'm just happy its not me

[12:35] {Threei} Victoria, BC Predicted to Hit New Record Housing Prices

[12:35] {Threei} just thought I'd let you knwo

[12:36] {Threei} not to me, nemo, it isn't {G}

[12:36] {Les} oh, I thought you were looking to me for some sort of help...

[12:36] {Threei} looking for help - in THIS room?

[12:36] {Les} true

[12:36] {Threei} I may be bald and overwheight - but I am not THIS stupid

[12:37] {Threei} (EU) ECB's Noyer: Believes Greece's plan will convince markets, helping to improve the entire Greece situation

[12:37] {ese} gotta love that housing stat

[12:37] {Les} how's canadian housing? threatening a bubble bust?

[12:37] {Threei} Wells Fargo & Co Confirms to Purchase GMACs North American Factoring Portfolio

[12:37] {ese} L len .96

[12:38] {Threei} considering rate hike probable this summer, it's poised to cool off some, most likely

[12:38] {Threei} but there is no bubble

[12:38] {Les} ok

[12:41] {ese} out len .03 +.07 K's? you guessed it

[12:42] {ese} sorry +.09

[12:42] {Threei} nice

[12:43] {ese} tks....am about done for the day

[12:48] {ese} back in 10

[12:57] {Threei} (US) White House's Gibbs: Administration expects financial regulatory reform to be complete in next couple of months (related XLF )

[13:02] {Threei} *(US)TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.605%; BID-TO-COVER RATIO: 2.55 V 2.75 PRIOR AND 2.53 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 39.7% of competitive bids with 29.97% allotted at the high.

[13:02] {Threei} - direct bidders take 10.79%, primary dealers 49.6%.

[13:02] {Threei} bad auction I take it

[13:04] {nemo} low bid to cover and primary dealers take half, that's not good

[13:09] {nemo} mgm lvs rimm all held relatively well

[13:09] {Threei} and FITB

[13:09] {Les} and BAC

[13:10] {nemo} very interesting...indexes got sold

[13:10] {nemo} mgm lvs forming inverte H&S just not delighted with R/R

[13:21] {Threei} US 10-year Treasury yield rises towords highest levels of the year at 3.84%

[13:21] {Threei} - the 2-year yield is now above 1.10% for first since early January as well

[13:25] {Threei} this is good test

[13:26] {Threei} if market manages to close around flat today, not even speakig of green, bears will be double-roasted in the days ahead

[13:29] {Threei} watching VXX for bounce scalp

[13:30] {Threei} best scenbario is dive under .10 and recross

[13:31] {Threei} .16 long with stop under .10 is less desirable but if market drops fast that can be the only chance

[13:32] {Threei} one more bounce candidate: SLXP

[13:32] {Threei} half lot

[13:32] {ese} gotta go all....it's choir time......cya tomorow

[13:33] {Threei} .90 break if holding above .80

[13:33] {Threei} take care ese

[13:33] {ese} see ya vad

[13:33] {lasertrev} ese, dcc please

[13:33] {fernp} bye ese

[13:33] {ese} LT Fern

[13:34] {Threei} ok, first scenario is in play on VXX

[13:41] {Threei} VXX almost 1:2

[13:42] {Threei} scalp or half, your choice

[13:44] {Threei} nice day shaping up... shorty will regret missing it

[13:48] {Threei} GOOG Exec: China Govt may choose to restrict access to Google services at any moment (549.08, +0.08, 0.01%) (related YHOO SOHU BIDU )

[13:48] {nemo} knew that was coming

[13:49] {Threei} go VXX

[13:49] {Threei} see market dropping?

[13:50] {nemo} really?

[13:50] {Les} Nemo gets cranky when he's tired

[13:50] {nemo} I'm not cranky

[13:50] {Threei} you are both wrong

[13:51] {nemo} hey Les, talk to your countrymen, will ya'

[13:51] {Les} I could have said sarcastic

[13:51] {Threei} nemo - because you ARE cranky

[13:51] {Les} but that's normal for you

[13:51] {nemo} oh

[13:51] {Threei} Les - because nemo doesn't GET crancy, he always is

[13:51] {nemo} that puts things in a different perspective

[13:51] {Les} ah ok.

[13:54] {nemo} I think they should do a reverse split on faz

[13:55] {fernp} .

[13:55] {nemo} hola

06[13:59] * Threei puts DOW 11K hat away, but not too far

[13:59] {larisa} oh really? :)

[13:59] {nemo} tomorrow or Friday

[13:59] {Threei} you don't get to comment... you refused to take a bet

[14:00] {Threei} and I just don't want my desk to be any more clutterd

[14:00] {larisa} oh really? :)

[14:00] {larisa} {see? I get to comment}

[14:00] {Threei} but it's within asy reach... top drawer actually

[14:01] {Threei} well... you do... but I pretend you don't

[14:01] {nemo} huh, tbt was up big this morning...looks like the auction was well understood then

[14:01] {Threei} I also pretend I have a vote in whether you comment or not

[14:02] {RonS} ...some say Bill Gross commentary, others that fiscal reality of health bill...

[14:02] {nemo} ?

[14:03] {nemo} oh

[14:04] {nemo} oil basically hasn't moved since before the oil numbers...they don't mean a rats derriere

[14:04] {Threei} SLXP no go

[14:05] {Threei} Google comments from Alan Davidson, who will testify before a Congressional committee on China

[14:05] {Threei} why does GOOG exec testifies in Congress on their business dealings?

[14:05] {Threei} was GOOG a TARP recepient?

[14:06] {nemo} no...part of the bash china propaganda...

[14:06] {nemo} starts with the hacking a few months ago

[14:06] {Threei} VVUS Strength attributed to management cancelling presentation at Barclays conference today (9.99, +0.29, 2.99%)

[14:06] {nemo} now them getting tossed from china

[14:07] {Threei} how's cancelling presentation good?

[14:08] {RonS} ...sign that company needs to say nothing since they are in negotiations to sell themselves...

[14:08] {Threei} lol

[14:08] {Threei} that's a hell of a spin

[14:09] {RonS} ...seriously...that is how the street views it...

[14:09] {Threei} VVUS Strength attributed to management cancelling presentation at Barclays conference today; spokesperson says cancellation due to travel issues

[14:09] {Threei} - A presentation was scheduled for 15:15ET today (9.99, +0.29, 2.99%)

[14:09] {Les} we should keep hard copy of some of these news excerpts

[14:09] {RonS} ...but the real tell is the options action...

[14:09] {Threei} why in this particular case? There were zillion cancellations that were taken very badly, leading to horrible selloffs

[14:11] {Les} MF 8 break?

[14:12] {Threei} 50/50

[14:12] {Les} k

[14:16] {Threei} sheeesh...

[14:17] {Threei} 2.7 B is expected to be generated from new 10% tax on tanning salon patrons

[14:17] {Threei} just how much time you americans spend in those??

[14:17] {RonS} ...canadian snowbirds who go to AZ...

[14:17] {nemo} they're all over

[14:18] {nemo} I get a kick out of all the new fees on medical device makers and insurance companies, exactly how do they think the companies are going to pay those?

[14:19] {RonS} rememer Huey Long...

[14:19] {Threei} or, who is going to pay for drug makers getting extension on patent protection

[14:19] {nemo} well, that keeps the prices up anyway

[14:19] {nemo} yeah Huey...well remember the Paul Newman Movie about him

[14:20] {RonS} Cool Hand Luke...:D

[14:20] {nemo} no

[14:20] {Threei} Huey Long... good thing you guys don't speak Russian

[14:20] {nemo} you obviously have a failure to communicate

[14:20] {Threei} larisa, turn away

[14:20] {nemo} I know enough

[14:20] {larisa} hubby was getting minor operation, small plastic tube - $400. That plastic bag with solution - $800. you kidding me? let them pay :)

[14:21] {Threei} whom?

[14:21] {Threei} all costs will be passed through

[14:21] {Threei} plus administrative fees to calculate those taxes and costs

[14:21] {nemo} all taxes and fees are paid by the taxpayer/consumer

[14:21] {Threei} since when any manufacturer paid for anythng without passing cost on consumer

[14:22] {RonS} ...when the Chinese comapny takes the business and they go bankrupt...

[14:24] {RonS} ...the large corps love it...they outsource...pure Adam Smith

[14:26] {RonS} vad, VXX again, or are we set for the pm market runup?

[14:26] {Threei} feels to me, up is more likely

[14:27] {nemo} wow, funny volume pattern in tna over the last coupla' hours

[14:27] {nemo} yeah...inverse H&S on MGM and warped one on LVS

[14:29] {nemo} wouldn't it be like the market and flip us off by going down

[14:29] {Threei} well... market switches to flipping off the other side only after first one is flipped off enough

[14:29] {Threei} and I don't think it is

[14:30] {RonS} PMI intraday looks to have a dbl top in play. Break up from that a decent play?

[14:30] {Threei} double top?

[14:30] {nemo} by at this tren support stop uner 200 at .50

[14:30] {Threei} I don't see it

[14:31] {Threei} (GR) Reportedly there is no agreement among EU leaders as of yet regarding structure of aid package for Greece - unconfirmed report citing sources

[14:31] {Threei} - Euro Zone leaders are reportedly negotiating on whether to meet to discuss Greece before official summit on Thursday.

[14:31] {nemo} negotiating on whether to meet...no wonder nothing gets done right

[14:31] {Threei} lol

[14:32] {Threei} ni kidding

[14:32] {nemo} knight

[14:45] {Threei} Go Daddy intends to discontinuing new domain names in China - WSJ

[14:45] {Threei} - Notes that the move is due to "increased Chinese surveillance." (related VRSN )

[14:45] {nemo} who wouldn't want to surveille that go daddy chick :)

[14:47] {Les} sqnm might be waking up

[14:48] {Threei} (SZ) SNB's Jordan: Will not permit any excessive appreciation of the Franc that may lead to deflation

[14:48] {Threei} - highlights that the SNB has the tools to ensure the Franc does not excessively appreciate (related USD/CHF EUR/CHF )

[14:48] {Threei} it's for you les

[14:57] {nemo} about time for the movement out of nowhere

[14:57] {RonS} Angelo Mozilo slams tanning tax. Pure racial discrimination.

[14:57] {nemo} ha ha ha

[14:58] {RonS} :D

[15:02] {Les} good one

[15:07] {Les} adbe

[15:08] {Threei} ok

[15:08] {Threei} who is up for a bet?

[15:08] {nemo} lari

[15:09] {Threei} up from here, finishing still in red but above 117.2 for SPY

[15:10] {Les} I won't bet against that

[15:10] {nemo} me neithr

[15:10] {Threei} closer to 10.870 DJO

06[15:10] * Threei squints at larisa

[15:10] {nemo} you're at 10887 now

[15:10] {Threei} hmm?

[15:11] {larisa} lol

[15:11] {Threei} 10.838

[15:11] {nemo} sorry, was looking at DIA

[15:11] {nemo} forgot...not direct translation

06[15:11] * nemo slaps nemo around a bit with a large trout

[15:11] {larisa} -70 or worse closing

[15:11] {Threei} finally

[15:11] {Threei} goaded someone into betting

[15:12] {larisa} I am not betting though.

[15:12] {Threei} ugh

[15:12] {nemo} yeah

[15:12] {larisa} just saying

[15:12] {Threei} doesn't count then

[15:12] {Threei} meaning, if you win, you don't get to say 'I win"

[15:12] {larisa} I get to say : I told you so :)

[15:12] {Threei} nope, not even that

[15:13] {RonS} larisa sucked into the vad vortex

[15:13] {larisa} lol

[15:13] {Threei} but, if you win

[15:13] {Threei} I get to say "told you should have bet"

[15:14] {larisa} I do not drink beer

[15:14] {Threei} so? make your side of bet

[15:14] {Threei} mine is 6 pack

[15:15] {larisa} 6 pack abs?

[15:15] {RonS} lol...i was wondering...

[15:15] {Threei} I wish

[15:16] {Threei} I mean it's there somewhere

[15:16] {larisa} http://brad.sweat365.com/files/2007/12/real-six-pack-abs.jpg

[15:16] {RonS} perfect

[15:17] {larisa} easy to acheave too :)

[15:17] {nemo} superglue

[15:18] {Threei} I hoped to keep that photo private

[15:23] {nemo} this might be it

[15:23] {Threei} yeah, that was last leg down, IMO

[15:23] {nemo} fas starting ascent

[15:23] {Threei} little pullbacks from now on, but majorly up

[15:24] {Threei} that's myu contention anyway

[15:25] {Threei} I think I may want to put actual money on the line since my conviction is in place

[15:26] {Threei} Short Setup: VXX .05 break if stays under .10

[15:27] {jfjf64} i lk that

[15:28] {Threei} I am upset by how narrow PALM's become

[15:28] {Threei} really counted on it being ATM for a while

[15:29] {Les} sqnm is drying up as well. need new revenue stream

[15:31] {Threei} come on market

[15:32] {Threei} show that you have spine

[15:35] {Threei} good boy market

[15:35] {Threei} move your butt

[15:35] {Threei} pullbacks are allowed but undesirable

[15:36] {Les} how many times can we have this rally before too many climb on board?

[15:36] {Threei} IMO, we have ways to go still

[15:36] {nemo} remember the quote about solvency and rationality

[15:37] {Les} no

[15:37] {Les} :D

[15:37] {Threei} SPY 13 cenbts to my target

[15:37] {Les} so this would be like bait then, trying to suck people in?

[15:37] {nemo} The market can stay irrational longer than you can stay solvent

[15:37] {Threei} DJI 10 points

[15:37] {Les} broken record nemo

[15:37] {Les} dji

[15:38] {nemo} that's the quote

[15:38] {Threei} larisa, just in case: I like Innis&Gunn

[15:38] {Les} wrong screen. I was looking for -40. so i am definitely right not to bet

[15:38] {Threei} VXX over 1:1

[15:38] {larisa} in case of what?

[15:38] {Les} ty

[15:39] {Threei} in case of my win which unlike you I do get t claim since I WAS willing to bet

[15:40] {larisa} day is not over and i did not bet :)

[15:40] {Threei} not over, that's why I say "just in case" and not "yessss" :)

[15:40] {Threei} US) House votes in favor of extending 'Build America' bonds program through 2013

[15:40] {Threei} - Senate has yet to vote on the bill

[15:41] {Threei} I don't know if this has any implications or non-event

[15:41] {Threei} don't remember this program at all

[15:42] {Threei} this could be second short opportunity on VXX...

[15:42] {Threei} watch if market jumps up

[15:42] {Threei} same setup

[15:45] {fernp} Good evening everybody. See you all tomorrow

[15:45] {Les} ciao

[15:45] {Threei} take care fern

[15:53] {Threei} 8 min left till larisa can't claim her win

[15:53] {Threei} 7

[15:53] {larisa} just in case I like carrot juice :)

[15:53] {Threei} yeah but you didn't bet

[15:57] {Threei} looks like draw after all

[15:58] {larisa} draw ? you lost, caz you were willing to bet.

[15:59] {Threei} no, I just didn't win

[15:59] {Threei} but since DJI never went down to -70...

[16:00] {Threei} anyway... there is always tomorrow

[16:00] {larisa} bye :)

[16:00] {Threei} carrot juice is still possibility

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {Threei} see you tomorrow

[16:00] {Les} nighty night