Tuesday, September 29, 2009

Sep 29 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading

Sleepy but nicely profitable day. AIG, RIMM, UAUA, GAME worked nicely for us, with two small stops on HIG and CHIP.

Session Time: Tue Sep 29 00:00:00 2009

[06:38] {KSystems} *yawn*
[06:38] {KSystems} good morning
[07:59] {magoo} morning
[08:08] {ese} good morning if anyone is hangin
[08:11] {patience} morning ese :)
[08:15] {ese} morning patience....sure has been beautiful in our neck of the woods lately
[08:16] {ese} aside from yesterday that is
[08:16] {ese} love this time of year
[08:21] {patience} had to turn the heat on yesterday....slippery slope from here ese
[08:22] {ese} yup....me thinks your right......i've got mine on now......
[08:23] {ese} what are you looking at this morning
[08:43] {Threei} Good morning
[08:43] {magoo} :)
[08:44] {Threei} SQNM is ugly
[08:44] {ese} morning vad...mags
[08:44] {ese} just reading that now
[08:44] {Threei} magoo, ese :)
[08:45] {Threei} SIGA
[08:45] {ese} failed to put in place proper protocals for research.......yuk
[08:45] {Threei} news is probably not very significant but chart is interesting
[08:46] {ese} CIT
[08:46] {ese} big volume....merger on horizon
[08:47] {Threei} lol... marriage made in heaven:
[08:47] {Threei} CIT Group Inc Investor John Paulson is mulling CIT/IndyMac merger - NY Post
[08:47] {Threei} - Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank , the New York Post said, citing people familiar with the matter.
[08:48] {Threei} troubled company with failed lender
06[08:48] * nemo slaps magoo around a bit with a large trout
[08:48] {Threei} - According to the paper, the merger, a plan floated by a number of CIT's creditors including Paulson, is not part of any formal discussions between CIT and IndyMac. The New York Post also said the plan of merger was one of several being discussed.
06[08:50] * nemo says, "Good Morning Reality Trader Trading Room!"
[08:51] {ese} morning nemo.....i think
[08:51] {nemo} morning, yes.
[08:51] {ese} ahhhhhh
[08:52] {Threei} CIT... daily chart is interesting for 2 break... news wise, don't know
[08:52] {Threei} just a discussion...
[08:52] {Threei} and of who knows what value
[08:53] {ese} i like it....but was thinking long at 1.95
[08:54] {ese} depending on volume of course
[08:54] {dptl} good morning all
[08:55] {ese} bounce today for rimm? mags
[08:55] {dino} gm all
[08:55] {Threei} dp, dino :)
[08:55] {ese} dp dino
[08:56] {dino} :)
[08:56] {nemo} 15 mnute chart looks intriguing for RIMM ese
[08:56] {fernp} good morning everybody
[08:57] {ese} definately......
[08:57] {magoo} vad, u see sqnm bludgeoning
[08:57] {Threei} fern :)
[08:57] {magoo} was 2.80 last nite
[08:57] {Threei} [08:44] {Threei} SQNM is ugly
[08:57] {magoo} oops
[08:57] {magoo} hey see wag,
[08:57] {magoo} not great news either, slight miss'
[08:58] {Threei} and yet
[08:58] {ese} way overbought
[08:58] {dino} wag
[08:58] {lasertrev} gm
[08:59] {nemo} LT :)
[08:59] {ese} trev
[08:59] {magoo} [08:57] {magoo} hey see wag,
[08:59] {Threei} trev :)
06[08:59] * magoo slaps lasertrev around a bit with a large trout
[09:00] {ese} LT used to stand for luxury trim design on my 74 toyota celica
[09:00] {Threei} CASE SHILLER HOME PRICE INDEX: 144.23 V 141.86 PRIOR
[09:00] {Threei} COMPOSITE-20 Y/Y: -13.30% V -15.40% PRIOR
[09:00] {Threei} - Prior Home Price Index revised from 141.86 to 141.94
[09:01] {ese} HBAN raised to outperform
[09:03] {ese} russian bad loads up,,,,,yours one of them vad......a way to get even perchance
[09:03] {Threei} they don/t include mine
[09:03] {ese} oh
[09:04] {nemo} dcc ese
[09:05] {Threei} either trying to make stats look prettier or in (vain) hope to get it back
[09:08] {nemo} rimm interesting on 5 minute
[09:10] {nemo} aig looking frisky too
[09:14] {nemo} hig again
[09:15] {Threei} HIG is a toothache in the heart
[09:16] {nemo} hi lari :)!
[09:16] {larisa} gm :)
[09:17] {Threei} larisa :)
[09:17] {larisa} vad, nemo :)
[09:17] {ese} laris
[09:18] {larisa} hi ese
[09:19] {ese} vad....hban 1min chart.....flat lining at .40 opinion?
[09:21] {nemo} aig forming tight range
[09:21] {Threei} hard to tell ese...
[09:21] {Threei} see, this one either gets momo or fails
[09:22] {Threei} and premarket volume and pace on it are not very impressive so far
[09:22] {ese} ya true
[09:22] {Threei} daily chart has important resistance at 4.50
[09:22] {ese} tks
[09:23] {ese} ya ...should be more than 1 mil shs to this point
[09:27] {Threei} a lot of buying at 11 on GAME
[09:28] {Threei} aww
[09:28] {Threei} moved
[09:28] {nemo} rimm too
[09:31] {Threei} watching HIG
[09:32] {Threei} Long Setup: GAME 11.10 break
[09:33] {Threei} if stays above 11
[09:33] {magoo} in
[09:33] {Threei} missed HIG
[09:33] {fernp} in
[09:33] {nemo} short fill
[09:35] {Threei} 1:1, half out
[09:35] {fernp} ty Vad
[09:36] {magoo} out game .24 TY
[09:36] {Threei} over 1:2
[09:36] {Threei} 1/4 more out
[09:39] {Threei} HIG, let's see if we get double bottom
[09:39] {Threei} want quick dive under .60
[09:40] {Threei} .70 break if never loses .60 is a possibility
[09:40] {nemo} too quick
[09:40] {Threei} yeah
[09:40] {fernp} missed
[09:40] {nemo} mags got it
[09:40] {Threei} done with GAME for now
[09:41] {Threei} HIG...
[09:41] {Threei} 29 break is probably momo launch
[09:43] {Threei} Long Setup: HIG .90 break if holding above .75
[09:43] {Threei} aggressive entry
[09:44] {nemo} probably test yesteray's close
[09:45] {magoo} which was?
[09:45] {nemo} .62
[09:45] {magoo} MBI wow
[09:46] {Threei} Long Setup: HIG .70 break if holding above .55
[09:51] {Threei} last modification on HIG
[09:51] {Threei} .55 break long
[09:51] {Threei} if stays above .45
[09:52] {Threei} no go
[09:52] {fernp} yeah
[09:52] {Threei} so far GAME is the only game
[09:53] {dino} cedc hl l ,35
[09:53] {dino} .
[10:00] {Threei} US) SEPT CONSUMER CONFIDENCE: 53.1 V 57E
[10:00] {dino} ouch
[10:00] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection (as expected)
[10:01] {dino} 70 pt swing in minute
[10:01] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection; Will raise $45B through prepayments (as expected)
[10:01] {Threei} - See deposit insurance fund being in the red by the end of the month
[10:01] {Threei} yeah, waiting it out
[10:02] {Threei} who would have expected... out of all stocks you could think of LULU is one of the strongest
[10:03] {Threei} AIG serious selloff
[10:04] {Threei} ANGO FDA says company websites misbranded sotradecol by failing to give info regarding risks and efficacy (13.92, -0.20, -1.42%)
[10:05] {Threei} DSCO Ticks higher ahead of scheduled meeting with FDA today on Surfaxin
[10:05] {Threei} - on Sept 10, the company announced FDA scheduled a meeting for September 29, 2009
[10:08] {Threei} real blast from the past: NAVR
[10:08] {Threei} didn't think it evenh existed still
[10:09] {nemo} read hig vad
[10:09] {nemo} please
[10:10] {nemo} oops, chart off...nevermind
[10:10] {Threei} HIG is highly market dependent here
[10:10] {Threei} and market is very uncertain
[10:10] {nemo} oh yeah, mirroring spy
[10:13] {Threei} something about UAUA
[10:14] {Threei} daily feels like some tension gathers for the runup
[10:15] {Threei} I normally don't like playing breaks on it
[10:15] {Threei} if retreats toward .30, will be inetresting to try
[10:16] {Threei} with stop under .20
[10:16] {Threei} DSCO again...
[10:16] {nemo} read cat vad?
[10:16] {Threei} CTT Sells 50 Pain Therapy Medical Devices (2.37, +0.14, 6.28%)
[10:17] {Threei} CTT momo
[10:17] {Threei} none on CAT
[10:19] {Threei} I start getting this feeling
[10:19] {Threei} and no, it's not gas
[10:20] {Threei} market prepares for a runup
[10:21] {Threei} not sure whether it materializes today or later in thw week
[10:21] {Threei} but look at the action
[10:21] {Threei} Everything was ready for a serious reversal, right?
[10:21] {nemo} just been consolidations
[10:21] {Threei} couple red days, bears get inspored finally
[10:22] {Threei} then we get a strong green day, and it becomes a matter of "whether it's just a snapback or it was a pullback that bottoms out now"
[10:23] {Threei} today we get disastrous confidence numbers
[10:23] {nemo} it's also eoq
[10:23] {Threei} and market manages to sell for whole 5 mnutes
[10:23] {Threei} and now lingers around flat for the day
[10:24] {Threei} DJI is down 12 point
[10:24] {Threei} NASDAQ 2
[10:24] {Threei} AIG Hearing weakness in name attributed to negative commentary out of Asensio, place vlaue of firm at $0.001/share
[10:24] {Threei} jeez
[10:24] {Threei} haven't heard of Asensio since 2001 I think, LOL
[10:26] {magoo} nice...1 cent...
[10:30] {ese} ya ......have to say vad i can't remember the last time i've heard that name either
[10:30] {ese} .01 cent ehhhhhh.......must have taken all his valuing skills to come up with that one
[10:33] {Threei} we haven't seen full report, maybe he is talking in pre-split prices?
[10:35] {nemo} aig downward triangle testing support from yesteray
[10:41] {ese} any opinions on rimm.....mags......wait another day then go long maybe ?
[10:42] {ese} you play it alot
[10:44] {nemo} aig,,,definition of trend line
[10:45] {Threei} (US) Senate draft of climate bill sets emissions auction floor at $10/ton
[10:45] {Threei} - Emissions to be capped at 6.6B tons in 2012
[10:45] {Threei} - Draft would allow for offsets of up to 2B tons of carbon emissions
[10:45] {Threei} - Trading to start in 2012
[10:45] {fernp} yes, perfect downtrend AIG
[10:46] {nemo} which means everybody else sees it
[10:46] {nemo} so much for that
[10:47] {nemo} yesterday's close was .19
[10:49] {fernp} UAUA around .30 Vad ... but chart is not very interesting
[10:50] {Threei} .25 break was what I was looking for as entry fern, but it jumped while I typed
[10:50] {Threei} it's there again
[10:50] {Threei} if market starts upticking here, will be valid setup
[10:50] {fernp} ok with stop under .20
[10:50] {Threei} right
[10:52] {Threei} even holding against the market...
[10:52] {Threei} HIG too
[10:53] {Threei} HIG looks nice for 28 break
[10:53] {Threei} World Bank's Zoellick: role of the US dollar "remains very significant" (related EUR/USD )
[10:54] {Threei} you think?
[10:54] {Threei} sigh
[10:55] {Threei} CIT Hearing Businessinsider reports refutes acticle in this mornings NY Post (1.80, +0.13, 7.78%)
[10:58] {Threei} (RU) Russian Industry Ministry proposes minimum price for beer sales (related BUD )
[11:01] {nemo} aig broke support for the moment
[11:03] {Threei} Fed Reserve: Proposes rules restricting credit card lending to people under 21
[11:03] {Threei} well
[11:03] {Threei} if they can't be trusted with drinking
[11:03] {nemo} hell, I can't be trusted with drinking
[11:09] {Threei} this quietness is remarkable
[11:09] {Threei} everything was p;ointing out to furious selling
[11:09] {Threei} and instead we have market sitting pretty, doing nothing
[11:10] {Threei} reallty feels like explosion is in cards
[11:10] {nemo} which way though...
[11:11] {Threei} if I meant down I'd say implosion
[11:11] {nemo} oh yeah, right
[11:11] {nemo} dbi jbe
[11:16] {Threei} UAUA 1"1
[11:18] {fernp} yes , waiting .33
[11:25] {Threei} Province of Ontario reportedly files C$50B suit against tobacco firms seeking to recover health care costs (related RAI MO PM LO )
[11:25] {Threei} 50B eh
[11:26] {Threei} let's fix all our financial problems on the back of tobacco companies, lol
[11:27] {Threei} good boy UAUA
[11:27] {magoo} laser quotes are shit again here..anyone else?
[11:27] {fernp} out UAUA ty Vad
[11:27] {Threei} fine here
[11:28] {Threei} fern :)
[11:28] {magoo} ive tried every server..whicjh u on?
[11:28] {nemo} I seem to be o.k.
[11:28] {Threei} 12th
[11:28] {nemo} 4
[11:28] {magoo} ty
[11:31] {nemo} aig up against resistance
[11:36] {Threei} MNKD Achieves main endpoint of Phase 2/3 study, shows AFRESA provides rapid suppression of Endogenous Glucose Production in Diabetes Patients
[11:36] {Threei} - Results from the open-label, single-dose, three-way crossover study showed that endogenous glucose... (10.37, +0.57, 5.82%) more...
[11:37] {dptl} see ya tomorrow all...have a good rest of the day
[11:37] {Threei} take care dp
[11:40] {magoo} vad u see MJN
[11:41] {Threei} yeah but
[11:41] {Threei} Mead Johnson Nutrition Company Hearing strength attributed to takeover speculation
[11:41] {Threei} - FT Alphaville speculates that Danone might make a bid for the company, and that it could fetch $12B in such a deal.
[11:46] {Threei} CHIP Announces $10 Million Financing Commitment (3.15, +0.08, 2.61%)
[11:46] {Threei} daily's nice on CHIP
[11:47] {Threei} holding 3 as oullback support, volume all but disappeared on pullback
[11:48] {Threei} has a history of a runner
[11:48] {Threei} there is a chance traders try to run it once again
[11:50] {Threei} if this offer at .22 is taken, it's a runner
[11:50] {nemo} you saying break of .22?
[11:50] {Threei} this is momo mover
[11:50] {Threei} no technicals on those
[11:51] {nemo} hope it doesn't become a roto rooter
[11:51] {Threei} you have a feel for momo, it's a player
[11:51] {Threei} you don't - stay away
[11:51] {nemo} I have the sensitivity of a quadraplegic rock
[12:01] {Threei} UAUA repeated the trick
[12:01] {Threei} was harder to read this time
[12:01] {nemo} read hig vad?
[12:02] {Threei} it doesn't do anything
[12:02] {magoo} except decay
[12:02] {Threei} may bounce, may rot more
[12:02] {Threei} roll the dice
[12:21] {Threei} Long Setup: RIMM .10 break if holding 67
[12:22] {ese} finally somebody watching rimm
[12:23] {Threei} invalidated anyway
[12:23] {Threei} may reestablish
[12:24] {ese} asked a question re rimm an hour ago to which everybody ignored me........to heck with all of ya
[12:24] {larisa} lol
[12:24] {nemo} didn't see it ese...you know I wouldn't ignore you...I know how sensitive you are
[12:24] {ese} i don't need any of you *&^*&&^&^*((**&
[12:24] {nemo} fur crissakes I was dcc'ing you this morning
[12:24] {Threei} lol
[12:25] {larisa} you asked magoo, ese, not us :)
[12:25] {ese} your the only friend i've got on this board nemo
[12:25] {ese} well...well..... whats that got to do with it ehhhhhhh
[12:26] {nemo} you hearing voices dude?
[12:26] {ese} you talkin about the person that i can't see .....and is giving me advice
[12:26] {dino} ngs
[12:26] {nemo} yeah...Harvey
[12:27] {ese} tells me when to buy and when to sell
[12:27] {ese} ya ya .....thats him.......ya ya .....do you know him to?
[12:28] {nemo} big ears, furry, whiskers
[12:28] {nemo} likes veggies
[12:28] {ese} ya ya thats him........
[12:28] {ese} ahhhhhhhh don't know about that
[12:28] {Threei} hmm... wait a minute
[12:29] {dino} amn double bottom in making perhaps. thing is down 20 pts 5 days
[12:29] {Threei} then who is this little green man with trunk in place of nose?
[12:29] {ese} hmmmmmmm
[12:29] {Threei} I thought it was his voice
[12:29] {dino} of course so is rimm
[12:30] {ese} dino you doin anything with amn
[12:30] {ese} man thats thin
[12:30] {dino} thinking of small long, waiting to see if .85 holds
[12:31] {ese} wow
[12:31] {ese} nerves
[12:31] {ese} and you thought i had moxy
[12:31] {Threei} CIT Wilbur Ross comments he might be interested in certain CIT assets if they were for sale (1.86, +0.19, 11.38%)
[12:31] {dino} bwld, pnra, mcd pos.
[12:31] {ese} Jules Vern never goes where you go
[12:32] {nemo} uaua @.25 again
[12:36] {magoo} in rimm btw
[12:38] {Threei} CIT Reportedly in talks with up to $10B credit facility, negotiations are underway - unconfirmed report
[12:43] {ese} ahhhhh so there is something there
[12:46] {ese} where are you in on rimm mags
[12:46] {magoo} 09
[12:46] {magoo} vads call
[12:46] {ese} nice
[12:46] {dino} amn sm l .40
[12:47] {magoo} waiting .30 area
[12:50] {magoo} out here .34 TY vad
[12:50] {Threei} welcome
[12:50] {Threei} slim pickings today but things work
[12:51] {Threei} IA) Iran Foreign Minister: UN nuclear sanctions have failed, US should try a "constructive approach"
[12:52] {magoo} how about the destructive approach ala iraq lol
[12:53] {Threei} AIG
[12:53] {Threei} long .50 break
[12:53] {Threei} if sdtays above .40
[12:57] {Threei} come on AIG
[12:57] {Threei} it's time
[12:58] {magoo} u want more than 1 to 1 right?
[12:58] {Threei} yes
[12:58] {magoo} over 46?
[12:58] {magoo} or ,90 area
[12:58] {Threei} .80 - .90
[12:58] {Threei} can't skip setup with 10 cents risk
[12:59] {Threei} it's AIG for crissake
[13:00] {Threei} aka as 0.01 stock
[13:00] {Threei} according to Asensio
[13:00] {Threei} 1:1
[13:00] {fernp} ty Vad
[13:00] {Threei} :)
[13:00] {nemo} ty
[13:00] {magoo} i reloaded RIMM .50
[13:00] {magoo} waiting .83
[13:01] {Threei} 1:2
[13:03] {Threei} MJN Danone spokesperson says report it may be considering bid for Mead Johnson is a rumor
[13:03] {Threei} - declines further comment (45.23, +1.88, 4.34%)
[13:03] {Threei} as if anyone doubted
[13:04] {Threei} funny day
[13:04] {Threei} trades are few and far between
[13:04] {Threei} but work almost flawlessly
[13:04] {Threei} except just one little stop
[13:05] {Threei} FCC Taskforce: estimates cost of universal broadband at $20 to $350B; more subsidies needed to increase broadband usage
[13:05] {Threei} - 6M Americas still lack access to basic broadband.
[13:05] {Threei} - notes smartphones to overtake sales of standard phones by 2011
[13:06] {Threei} AIG 1:3, and .80 target is hit
[13:06] {magoo} out RIMM ty vad
[13:06] {magoo} .84
[13:06] {Threei} welcome
[13:07] {magoo} oops.83
[13:07] {Threei} stress-free profitable day
[13:07] {dino} heck of a wide estimate, 20 to 350.
[13:07] {Threei} almost making money in your sleep
[13:07] {Threei} no kidding dinop
[13:08] {Threei} reminds me old russian joke mocking official announcements of nuclear tests
[13:08] {Threei} announcements used to say something like:
[13:08] {magoo} run for your life?lol
[13:08] {Threei} "nuclear device is tested, range is from 2 to 15 megaton"
[13:09] {Threei} so the joke went:
[13:09] {Threei} Q: what the heck does it mean, from 2 to 15??
[13:09] {ese} am outa here for the day all.......nice one on rimm mags.......
[13:09] {Threei} A: Well, we though it was 2, but then it really boomed...
[13:10] {Threei} take care ese
[13:10] {magoo} bye ese
[13:10] {ese} see ya vad
[13:10] {fernp} bye ese
[13:11] {nemo} c ya ese
[13:11] {dino} cya es
[13:11] {dino} lol
[13:11] {Threei} gosh... ese left longs ago but good byes just won't stop {G}
[13:12] {dino} popular fellow
[13:12] {Threei} drummer
[13:12] {Threei} thosde are always popular
[13:12] {nemo} I just didn't want him whining tomorrow
[13:14] {dino} exactly
[13:20] {Threei} CHIP
[13:20] {Threei} 2.93 long
[13:20] {Threei} if holding 2.90
[13:20] {nemo} can't handle that big a stop...
[13:21] {nemo} where'd that order go
[13:21] {Threei} at .92?
[13:21] {Threei} was taken out
[13:21] {nemo} yeah I see them
[13:21] {Threei} 2 big prints and many smaller ones
[13:22] {nemo} yeah 139, 26
[13:31] {Threei} oh well
[13:31] {Threei} RIMM...
[13:31] {Threei} starts looking seriously
[13:37] {nemo} aig oops
[13:38] {Threei} ?
[13:38] {nemo} broke as I typed
[13:38] {nemo} thinking break of .64 stop under .50
[13:42] {Threei} Long Setup: RIMM .15 if holding above 68
[13:47] {magoo} have feel AIG gonna take 46..u have read vad?
[13:47] {Threei} not really
[13:47] {Threei} stalled
[13:48] {Threei} RIMM with any market help should go to .50 at least
[13:48] {Threei} AIG, don't know
[13:49] {Threei} BLDP Hearing chatter the Co. could receive a large contract from Mercedes (2.91, +0.40, 15.94%)
[13:52] {magoo} rimm so beat up..wonder if runs to 70
[13:52] {Threei} 1:1
[14:01] {dino} osk
[14:15] {nemo} drys had quite a bump toay
[14:15] {Threei} yeah, I looked at it couple times
[14:16] {Threei} .75 break was the only readable entry point but I happened not to look then
[14:17] {larisa} blinked?
[14:17] {nemo} ese was in this morning at .36, you don't want to know how many shares
[14:17] {larisa} 30K ?
[14:17] {nemo} X2
[14:18] {Threei} good for him if he is still in
[14:19] {larisa} I have low at .43. overnighter? :)
[14:20] {nemo} rimm again Vad?
[14:21] {Threei} as close to 68 as you can get
[14:24] {Threei} first strength from here
[14:25] {Threei} (US) EPA: U.S. Carbon rules for industrial firms may be announced this week
[14:25] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions
[14:27] {Threei} scalpers feel free to take profit
[14:28] {Threei} 5 cents risk, 12 cents profit
[14:29] {Threei} daytraders take profit here
[14:30] {Threei} and you magoo... I'll give my recommendation when I define what you are
[14:35] {fernp} ty for everything Vad
[14:35] {fernp} good evening everybody. see u tomorrow.
[14:36] {magoo} c u fern
[14:36] {nemo} cya fern
[14:36] {Threei} take care fern
[14:41] {Threei} that's one of the strangest trading days in quite a while
[14:42] {nemo} read bbby vad?
[14:42] {Threei} usually it's either very active, exciting and profitable
[14:42] {Threei} or sleepy with nothing to trade
[14:42] {Threei} today it's sleepy and profitable
[14:42] {Threei} and no
[14:42] {Threei} no read on BBBY
[14:43] {nemo} rimm respected the trendline
[14:55] {Threei} (US) Senate Finance Panel rejects Public Health Insurance Option
[14:59] {dino} hum
[15:18] {nemo} aig read vad?
[15:18] {Threei} .50 break... but I'd like to see tighter consolidation
[15:18] {nemo} me too
[15:19] {Threei} and we are running out of time
[15:19] {Threei} well... not literally yet, but not enough time for the trade to develop in case it gets stuck
[15:19] {nemo} tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..
[15:19] {Threei} things move in slow motion today
[15:19] {Threei} one-legged snail through molasses
[15:20] {magoo} read rimm vad ?
[15:20] {dino} every day, in afternoons
[15:21] {Threei} none on RIMM
[15:21] {Threei} yes dino... but today afternoon started in 15 min after market opening, lol
[15:22] {Threei} on, in 35
[15:22] {dino} yes, i've been complaining to magoo, i can't get much going after 11:00 am
[15:29] {dino} out cedc .57 all day for .22, sheesh
[15:30] {Threei} AIG kind of resolved our problem nemo
[15:30] {nemo} yeah, shoulda' looked at it short after failing to break that 3rd attempt
[15:31] {dino} out amn .00, +.60
[15:32] {Threei} list of insurance companies whose interests are linked to public option guys:
[15:32] {Threei} UNH CI WLP HUM AET CVH WCG AGP CNC
[15:35] {dino} bummer amn goes up w/maket dropping, tricked me
[15:36] {Threei} Market Internals update at 3:30pm ET
[15:36] {Threei} - NYSE volume 844M shares, about 1% above its three-month average; advancers lead decliners by 1.1:1.
[15:36] {Threei} - NASDAQ volume 1.71B shares, about 5% below its three-month average; decliners lead advancers by 1.2:1.
[15:36] {Threei} - VIX index +0.4% at 24.97
[15:44] {nemo} damn, lookin' at aig thought too late to scalp
[15:44] {Threei} no setup really
[15:44] {dino} wow did i sell amn too soon, just bounced 1.20
[15:44] {Threei} that was total 50/50
[15:45] {Threei} could break down just as easily
[15:45] {nemo} please...allow me to beat myself up over this
[15:45] {Threei} oh, by all means
[15:45] {Threei} feel free
[15:45] {Threei} tell me if need help
[15:45] {dino} hit me too nemo
[15:45] {nemo} why, what did you do dino
[15:46] {nemo} and what's Magoo been doing?
[15:46] {Threei} 15:44] {dino} wow did i sell amn too soon, just bounced 1.20
[15:46] {Threei} [15:44] {Threei} that was total 50/50
[15:46] {nemo} oh.....yeah, much worse than me missing a .10 scalp
[15:46] {larisa} this will help dino to feel better :)
[15:47] {dino} ty larisa
[15:47] {larisa} lol
[15:47] {dino} almost 2 bucks
[15:47] {larisa} :(
[15:51] {Threei} (US) Senate Panel rejects second Public Option Vote
[15:52] {Threei} (US) Senate Panel rejects second Public Option Vote 13-10
[15:52] {Threei} - Baucus, two other democrats vote down Schumer's amendment
[15:55] {Threei} ok guys, thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {dino} cya all
[15:56] {larisa} bye :)
[15:56] {nemo} cya
[15:58] {dino} will be watching that amn tomorrow strong finish

Monday, September 28, 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


We made three winning trades in the morning on GAME, CYTK and HIG - and then quotes quit n us. For better or for worse... but that's how the day started and ended.

Session Time: Mon Sep 28 00:00:00 2009

[08:08] {magoo} morning
[08:08] {nemo} mags :)
[08:09] {nemo} rimm continues the down elevator
[08:19] {KSystems} morning
[08:19] {nemo} Tag
[08:50] {Threei} Good morning
[08:50] {ese} good morning vad
[08:50] {Threei} ese :)
[08:50] {nemo} good morning master
[08:50] {nemo} ese dude
[08:51] {ese} due!!!!!
[08:51] {ese} ahhh no dude!!!!
[08:51] {nemo} didn't know you were french
[08:51] {nemo} or italian
[08:54] {ese} german/english....brutal combo
[08:54] {nemo} easy for me and K
[08:55] {magoo} morn vad
[08:55] {nemo} rimm now showing a bit of bounce
[08:55] {cosmo} irish/russian here
[08:55] {Threei} magoo, cosmo :)
[08:55] {nemo} speak gaelic cosmo?
[08:56] {cosmo} ogam
[08:58] {ese} really?.....now thats cool
[08:59] {cosmo} Ogam is the oldest form of writing in Ireland and Scotland. ... the syntax of the Gaelic language in no way lends itself to be written in traditional Ogam.
[09:02] {cosmo} COMS: Gets Bump from Cramer Mention fwiw
[09:04] {Threei} 24 Sep 2009 08:56 COMS Guides Q2 EPS $0.06-0.07 v $0.06e, R$295-305M v $287Me - conf call
[09:04] {Threei} - Sees Q2 gross margins at or around Q1 levels
[09:04] {Threei}
[09:04] {lasertrev} good morning
[09:04] {Threei} trev :)
[09:08] {ese} short squeeze with rimm first then back dn i would figure
[09:09] {ese} trev
[09:09] {nemo} dino :)
[09:11] {lasertrev} morning ese
[09:12] {dino} gm
[09:13] {ese} dino......
[09:14] {Threei} dino :)
[09:18] {Threei} US) Oppenheimer's Gheit: Oil prices are "inflated and unjustified," sees oil demand weak "for years to come"
[09:18] {larisa} gm :)
[09:18] {Threei} larisa :)
[09:20] {cosmo} YRCW
[09:20] {cosmo} watching for the 5 test
[09:21] {Threei} no news
[09:21] {cosmo} k
[09:25] {fernp} good morning everybody
[09:25] {Threei} fern :)
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:30] {magoo} rimm ripoped
[09:31] {nemo} think eom window dressing?
[09:31] {nemo} eoq also
[09:32] {magoo} lvs dump vad
[09:32] {Threei} ?
[09:32] {nemo} rimm dump
[09:33] {Threei} 20 cents selling
[09:33] {magoo} i meant it did
[09:33] {magoo} im alerting
[09:33] {Threei} how's that quilify as dump?
[09:33] {nemo} does .90 on RIMM?
[09:33] {Threei} how about we leave theory for later?
[09:33] {magoo} XRX dumps
[09:35] {Threei} Long Setup: GAME 11.20
[09:38] {nemo} stop under .03?
[09:38] {Threei} 11 is more natural support
[09:39] {Threei} Long Setup: CYTK .20 break
[09:40] {magoo} rimm qualifies now for dump
[09:40] {Threei} half out GAME
[09:40] {Threei} scalpers take profit
[09:40] {nemo} ty
[09:40] {fernp} ty Vad
[09:41] {Threei} CYTK, if sets up and works, probable bigger mover
[09:41] {Threei} 5 is support and a bit too volatile, so size it accordingly
[09:43] {nemo} lvs vad
[09:44] {Threei} Long Setup: HIG 26 break
[09:45] {Threei} half out
[09:45] {Threei} scalpers take profit
[09:46] {ese} nice one...just missed call
[09:48] {Threei} CYTK chews through huge offers
[09:49] {magoo} out game .43 TY
[09:50] {Threei} 1/4 more out HIG
[09:52] {Threei} out HIG in full
[09:52] {Threei} +.30
[09:52] {magoo} out HIG here .34 TY
[09:53] {magoo} RIMM coiling imo RISKY..im in
[09:55] {magoo} jesus ..out
[09:55] {nemo} mags...conservative trading discussion on Friday
[09:56] {Threei} Attention: CYTK first partial here
[09:56] {Threei} stop to under .10 for the balance
[09:57] {ese} i am just not with the program here.......once again nice one all
[10:03] {nemo} lvs rea Vad?
[10:05] {Threei} .60 break maybe...
[10:05] {nemo} yes
[10:07] {ese} dndn
[10:12] {nemo} reade aone vad?
[10:13] {Threei} none
[10:17] {magoo} read AIG vad?
[10:18] {Threei} none
[10:19] {Threei} CYTK, nears 1:2
[10:19] {Threei} Bank of America Corp Ohio AG: See damages against corporation by shareholders reaching into the billions of USD
[10:19] {Threei} - Suit would target CEO Ken Lewis, CFO Joe Price and John Thain
[10:19] {Threei} - Suit regards allegations of concealed losses at Merrill Lynch leading up to acquisition
[10:20] {ese} dino...anything out there on the horizon
[10:21] {ese} cytk....eveready battery
[10:29] {Threei} SEPT DALLAS FED MANUFACTURING ACTIVITY: -0.5% V 1.0%E
[10:29] {ese} opps
[10:29] {Threei} V -1.0%E
[10:31] {ese} ahhhh better
[10:34] {dino} looking at amn, and rimm
[10:37] {ese} got out of my rimm dabble last friday end of day -.50 on that 1k....no bounce
[10:39] {dino} bummer
[10:39] {dino} hit the 66 area we discussed
[10:40] {ese} ya well......a gamble i admit....and you were right.....i think 65 is possible with rimm
[10:51] {Threei} things flatlined
[10:52] {Threei} latest additons: http://www.realitytrader.com/photography/
[10:54] {ese} where did you photo those birds vad?
[10:55] {Threei} butterfly garden
[10:56] {ese} where is that? never heard of it
[10:56] {Threei} on your way to Butchart
[10:56] {ese} hmmmmm
[10:56] {Threei} corner of West Saanich rd and Benvenuto
[10:56] {Threei} take your kids there, they'll love it
[10:56] {Threei} you will too :)
[10:57] {ese} just may do that next weekend
[11:00] {fernp} yes, nice pics Vad
[11:00] {Threei} ty
[11:00] {Threei} I have a lot from that place
[11:00] {Threei} will sort out to post the best
[11:00] {magoo} hehe..glad of my out GAME..wish i stayed in HIG
[11:00] {Threei} connection between USD and equities seems to be lost
[11:01] {Threei} yeah, HIG move is way beyond what I expected
[11:02] {Threei} World Bank Pres Zoellick: China is moving gradually towards open Yuan policy; China is major stabilizing force in global economy
[11:02] {Threei} - Chinese Yuan future policy will depend greatly on US choices regarding the USD
[11:02] {Threei} - China continues to face large choices in 2010
[11:02] {Threei} ***Reminder: On Sept 27 -World Bank President Zoellick said the US should not take for granted the dollar's status as the world's main currency
[11:02] {Threei} - Also, Zoellick questioned the wisdom of giving the Fed more power over banks and he believes the Treasury, which is more accountable to Congress, should be given the authority to regulate large financial companies.
[11:02] {Threei} **Note: The comments are from a speech that will be delivered tomorrow at Johns Hopkins University.
[11:04] {nemo} maybe not vad eoq eom window dressing time
[11:04] {Threei} could be
[11:04] {nemo} yeah, just a thought...
[11:06] {Threei} US Commerce Sec Locke: US committed to resisting protectionism
[11:06] {Threei} lol
[11:06] {Threei} when he says "US", what or who exactly does he mean?
[11:07] {nemo} it's like an alcoholic staying on the wagon
[11:07] {nemo} maybe yes....maybe no
[11:07] {Threei} as if US spoke with single voice, or if protectionism was not coming from US-based entities
[11:07] {nemo} does that qualify for Captain Obvious?
[11:08] {Threei} don't know but I try my best
[11:09] {Threei} I struggle to hold on that title ever since they took "economy is in difficulties" away from me
[11:09] {nemo} life's not fair
[11:14] {Threei} insurers are really strong
[11:14] {Threei} HIG, MET, PRU
[11:14] {magoo} not AIG respectfully submitted here
[11:15] {magoo} unless, it decides to riiiiiip
[11:15] {Threei} no, but HIG is somewhat different kind
[11:16] {magoo} true..and aig is a trading momo nutjob
[11:16] {nemo} you or the stock?
[11:22] {ese} L stec .95 agressive entry here
[11:33] {dptl} .
[11:34] {ese} dddddddddpppppppppp!!!!!1
[11:34] {dptl} :)
[11:46] {Threei} HIG spiking
[11:46] {Threei} (EU) ECB's Trichet: Extremely important to have a strong USD; solidarity around the USD is very important.
[11:51] {Threei} interestingly, this spike is HIG alone
[11:51] {Threei} no MET or ORU
[11:51] {Threei} and no news
[11:51] {magoo} nice alert
[11:52] {magoo} i hit it .11
[11:52] {Threei} let's see:
[11:52] {Threei} our entry on HIG was 26
[11:52] {Threei} pure beauty
[11:52] {Threei} now,
[11:52] {Threei} can be same said about our exit?? :)
[11:52] {nemo} armchair trading
[11:53] {Threei} out of everything out there, this particular one decided to go non-stop
[11:53] {magoo} partialed .39
[11:53] {magoo} ty
[11:53] {Threei} anyway... we are 3 for 3 today
[11:53] {Threei} and magoo managed to squeeze 4th one, lol
[11:54] {Threei} considering that market totally flatlined, I am not going to cry about exiting too soon on one of them
[11:57] {Threei} RIMM still hasn't stabilized
[11:57] {magoo} out bal .39 Ty
[11:58] {Threei} anyone's holding some CYTK still?
[11:58] {fernp} not here
[11:59] {Threei} ok... just wanted to know if anyone needs comments on remainder
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 343M shares, about 23% below its three-month average; advancers lead decliners by 9.5:1.
[12:01] {Threei} - NASDAQ volume 877B shares, about 10% above its three-month average; advancers lead decliners by 3.8:1.
[12:01] {Threei} - VIX index -1.6% to 25.20
[12:04] {Threei} I am about to cry here
[12:04] {ese} i'm convinced that dino prediction of 65 somewhere for rimm is where it will stablize
[12:04] {Threei} just when I thought I finally nailed exact % of idiots by this:
[12:04] {magoo} HIG ballistic
[12:04] {Threei} Only 9% Rate Economy As Good Or Excellent
[12:04] {nemo} Yeah, but ese, if it spikes first...
[12:04] {Threei} and immediately along comes:
[12:05] {Threei} 29% Say Americans Selfish For Putting Economy Ahead of Global Warming
[12:05] {nemo} Phewwww....I thought somebody was gonna' say Santa Claus doesn't exist
[12:05] {ese} santa who?
[12:06] {Threei} MET...
[12:06] {nemo} you have an excuse having grown up in the 70's and being a musician
[12:06] {Threei} if HIG is any indication, .50 break should work
[12:06] {Threei} not a call... I am not confident in it enough,
[12:06] {Threei} see if you like
[12:07] {Threei} if go for it, stop is under .40
[12:07] {nemo} volume decreasing on MET climb
[12:07] {nemo} HIG volume increased on recent surge
[12:12] {ese} X and sales on met isn't turning over like mad fools vad.....risky
[12:12] {ese} stec
[12:12] {ese} pulback
[12:12] {nemo} appointment trading
[12:13] {ese} ya
[12:13] {Threei} preaching to the choire... remember me saying I don't have confidence in it? :)
[12:16] {Threei} CYTK is probably worth another shot for scalp on .40 break
[12:17] {nemo} .03 stop?
[12:18] {Threei} ??
[12:18] {nemo} hasn't been below .37 for almost 20 minutes
[12:19] {Threei} lol
[12:20] {nemo} over ANALyzing am I
[12:20] {Threei} taking .03 suggestion as price level, as we usually do... that would be one wide stop
[12:35] {dptl} is lazer stoped or nothing moving?
[12:35] {larisa} stopped
[12:35] {nemo} yeah I'm having problems too
[12:36] {dptl} oh..ty
[12:38] {nemo} Hey Lasertrev! What Up?
[12:39] {Threei} quotes are not updating trev
[12:39] {nemo} Laser seems to be malfunctioning
[12:40] {nemo} chart's haven't updated in almost 30 minutes
[12:40] {lasertrev} ok i will look in to it
[12:40] {larisa} anybody need quote?
[12:41] {nemo} quotes on rim are accurate, chart just not updating
[12:41] {nemo} rimm
[12:41] {larisa} they are not. RIMM is 67.15 now
[12:41] {nemo} yeah, I've got good quotes, no charts
[12:43] {Threei} 12:41:15 ADMIN7 --} (All): NASDAQ having streetwide issues, affecting quotes and orders
[12:44] {Threei} I like our prime minister but come on
[12:44] {Threei} CA) Canadian govt: significant uncertainty over the extent and speed of the recovery globally or in Canada
[12:44] {Threei} stop competing with me in the obvious department, will ya
[12:44] {lasertrev} nasdaq is having issues, we are working on it from our end
[12:45] {Threei} they'll make me resort to the last measures: Sun rises in the East
[12:53] {Threei} AIG Moody's: GAO assessment of AIG last week does not affect ratings
[12:54] {nemo} RIMM trying to get off the mat
[12:59] {lasertrev} everyone getting quotes?
[12:59] {magoo} very poorly here
[13:00] {Threei} no
[13:00] {larisa} no t&S also
[13:00] {lasertrev} ok
[13:02] {dptl} i have nothing
[13:02] {Threei} come on
[13:02] {dptl} well...just frozen pic
[13:02] {Threei} family...
[13:02] {larisa} lol
[13:02] {dptl} lol
[13:02] {Threei} friends...
[13:02] {dptl} :)
[13:05] {lasertrev} You should have something for quotes, you can try to log out and then log back in, might help. The problem is on Nasdaqs end for certain areas, not much i can do right now.
[13:06] {magoo} either my quotes are stuck..or someone unplugged the mkt
[13:07] {lasertrev} They are slow, but should move
[13:08] {lasertrev} Rimm 67.57
[13:09] {Threei} reload helped with L2, not with charts or T&S
[13:10] {lasertrev} ok, thanks
[13:15] {magoo} gonna reboot
[13:16] {Threei} don't!
[13:16] {Threei} haven't you heard of computes expoloding after too many reboots??
[13:16] {magoo} ohg oh why?
[13:17] {Threei} oh wait... that was a nightmare after drinking party with dp...
[13:17] {Threei} reboot at will
[13:17] {lasertrev} u r bad
[13:17] {magoo} i have rimm .66.98
[13:18] {magoo} correct?
[13:18] {larisa} 67.56
[13:18] {Threei} 67.54 here
[13:18] {lasertrev} 67.61
[13:18] {magoo} SIGH..and i rebooted, blew up my computer
[13:18] {magoo} q server vad?
[13:20] {Threei} lol... doesn't really work anyway
[13:20] {Threei} you want my non-working server over your non-working server?
[13:21] {Threei} anyway, if you insist: I am not getting quotes on 12th
[13:21] {Threei} you?
[13:26] {Threei} White House's Gibbs calls Iranian missile tests provocative; the "least" Iran can do at Oct 1 meeting is to agree to immediate and unfettered access to its nuclear facilities
[13:26] {magoo} 11 not working fine here
[13:26] {Threei} I just checked on 7th, not working fine either
[13:27] {Threei} isn't it remarkable how rhetorics and whole step by step development is absolutely the same as during run-up to Iraq war
[13:36] {magoo} hey vad..go to server 4
[13:37] {Threei} wow... this too is not working!
[13:37] {Threei} nicve find mags
[13:37] {Threei} ty
[13:37] {nemo} real pathfinder that guy
[13:38] {nemo} guys, for those of you not ascared of silverlight freestockcharts.com has real-time BATS data
[13:39] {Threei} shrug
[13:39] {Threei} just to watch?
[13:39] {nemo} what, we can't enter trades either...sheesh
[13:42] {Threei} any updates trev?
[13:43] {lasertrev} nothing yet
[13:46] {lasertrev} Nasdaq is working on it, when i hear anything i will update you all:s
[13:46] {nemo} he's picking up your typing skills Vad
[13:46] {Threei} it's contagious
[13:47] {magoo} u grot rthat coorrect
[13:47] {lasertrev} lol
[13:47] {Threei} magoo is my first vcitim
[13:48] {lasertrev} come on magoof, be nice
[13:49] {nemo} to whom trev?
[13:50] {magoo} and more importantly..why?
[13:51] {nemo} that was next after I figured out who he was talking about
[14:05] {dptl} ok have a good rest of the day all.....see ya tomorrow
[14:05] {Threei} take care dp
[14:06] {larisa} HIG non stop
[14:07] {Threei} amazing
[14:21] {fernp} my frozen CAT chart is long now with stop under 52 ... lol
[14:22] {Threei} frozen cat eh
[14:43] {lasertrev} quotes should start working shortly
[14:44] {lasertrev} not sure aboute t&s yet
[14:45] {dino} what about t & a
[14:45] {nemo} different website
[14:45] {lasertrev} quotes better for anyone?
[14:46] {nemo} trying to get back into laser now
[14:47] {Threei} - NYSE volume 558M shares, about 20% below its three-month average; advancers lead decliners by 9.3:1.
[14:47] {Threei} - NASDAQ volume 1.33B shares, about 12% above its three-month average; advancers lead decliners by 3.5:1.
[14:47] {Threei} - VIX index -2.2% at just above 25.
[14:47] {nemo} Yom Kippur trading
[14:48] {nemo} can't get in to Laser
[15:03] {Threei} anyone got quotes running?
[15:03] {nemo} yes,
[15:03] {Threei} hmmm
[15:04] {nemo} I am much closer to New York
[15:04] {Threei} we west coastyers are always discriminated against
[15:05] {nemo} That's what you get for being at that end of the Iditarod
[15:05] {nemo} factually inaccurate I know...purely for hyperbolic purposes
[15:08] {nemo} Hah! your a victim of coastism
[15:09] {Threei} yes... we coasters hate those coastists
[15:09] {Threei} and demand you do away with coastism
[15:09] {nemo} maybe you can file as a protected class and get funding
[15:11] {magoo} quotes may be fixed here
[15:12] {nemo} well, you're kinda' east coast too
[15:14] {Threei} T&S wake up
[15:14] {nemo} yep charts back
[15:14] {nemo} actually only aig for me so far
[15:14] {nemo} cat back
[15:14] {nemo} so nas charts not back
[15:15] {Threei} charts have no backfill for the missed time, so careful;
[15:15] {nemo} you can see them on that website
[15:16] {Threei} uhhu... as if I am installing major software package like silverlight for that
[15:16] {nemo} rimm back
[15:17] {nemo} it's basically where it left off
[15:18] {lasertrev} some of the charts are still not working, but everything else seems ok
[15:41] {Threei} RIMM is working
[15:45] {magoo} huh?
[15:45] {Threei} quotes
[15:47] {Threei} too close to eod
[15:47] {Threei} bt feelsa like short
[15:48] {fernp} good evening all. see you tomorrow
[15:48] {Threei} take care fern
[15:49] {Threei} okay guys, let's call it a day... 3 for 3, why not
[15:50] {Threei} have a good evening, see you tomorrow
[15:50] {magoo} ty