Oct 23 2009

One of the toughest weeks in quite a while. Topping action but no reversal yet. Slightly negative day if you played "official" calls only, hugely positive if hit AMZN momo long - but how many have heart for that? Congratulations to our most risk-tolerant member who lives for such plays.

Session Time: Fri Oct 23 00:00:00 2009

[07:51] {magoo} jkbasjhsahkhgkK

[07:52] {nemo} Magus

[07:54] {magoo} cap'n

[08:08] {nemo} in anything mags?

[08:09] {magoo} im stalking amzn

[08:20] {magoo} msft reports in 15 min

[08:21] {nemo} mmhhh...shortable

[08:26] {nemo} that was nice DB on amzn..high volume bottom, low volume retest

[08:30] {nemo} good earnings msft

[08:38] {magoo} i took it l .890

[08:38] {magoo} out here

[08:38] {magoo} scalp

[08:38] {magoo} out .45

[08:41] {magoo} 109 seems inevitable

[08:41] {nemo} yeah

[08:41] {magoo} crap

[08:44] {magoo} 110 next

[08:45] {nemo} msft blasted the Qs and SPY higher

[08:46] {magoo} bears on the run

[08:46] {magoo} unreal

[08:48] {nemo} amzn

[08:48] {magoo} 110 might be a launch pad more than resistance

[08:49] {nemo} uncharted territory..."there be dragons"

[08:50] {Threei} here there be monsters

[08:50] {nemo} yeah...what else would you call an entity with THREE Eyes?!

[08:51] {Threei} you mean it's somethng out of the norm??

[08:51] {nemo} Don't get out much, do you?

[08:51] {Threei} no... why?

06[08:53] * magoo slaps Threei around a bit with a large trout

[08:54] {Threei} what was that for

[08:54] {magoo} wake up..get to work.we can make our day this pre mkt lol

[08:54] {magoo} 110 on deck

[08:54] {Threei} kidding? I can't trade during normal hours, lol

[08:54] {nemo} msft

[08:55] {magoo} i know.,...thats why i wanted to try this he he

[08:55] {magoo} just got a buck here amzn

[08:56] {magoo} 111 inevitavble

[09:00] {lasertrev} morn nemo magoo vad

[09:00] {Threei} trev :)

[09:01] {magoo} hey trev

[09:01] {bkhmd} gm all

[09:01] {magoo} hey bk

[09:01] {Threei} VITA Presentation of Cortoss Clinical Study Results at the 2009 Congress of Neurological Surgeons Annual Meeting

[09:01] {Threei} bk :)

[09:02] {magoo} bk=burger king?

[09:03] {bkhmd} yes how did you know

[09:03] {bkhmd} actually initials BKH and MD is Maryland

[09:03] {Threei} bkhmd - hmf = bk

[09:04] {bkhmd} but my staff used to call Me BK as i used to frequent the local Burger KingK

[09:04] {bkhmd} whats on radar today

[09:04] {bkhmd} WHR had great earnings

[09:05] {Threei} what didn't

[09:05] {Threei} BRCM seems to be the only ugly chiled who missed earnings

[09:05] {bkhmd} EMCI and CACH earnings fell significantly below

[09:05] {bkhmd} and we have housing at 10:00

[09:05] {Threei} which probably won't revent it from making new annual highs today, lol

[09:06] {bkhmd} if yesterday was any signal ur right

[09:06] {bkhmd} lol

[09:06] {bkhmd} what did asian markets do last night?

[09:07] {ese} good morning one and all........

[09:08] {magoo} ese:)

[09:08] {bkhmd} gm ease

[09:08] {fernp} Good morning everybody

[09:08] {bkhmd} ese*

[09:08] {bkhmd} Fern

[09:08] {Threei} ese, fern :)

[09:09] {ese} mags bk fern vad

[09:09] {strider} morning all

[09:09] {Threei} strider :)

[09:09] {bkhmd} stride

[09:09] {ese} sssssstttttt!!!!1

[09:11] {strider} :)

[09:11] {magoo} stripper:)

[09:11] {strider} that's a new one.

[09:12] {magoo} how would u fair? poorly?

[09:12] {Threei} US Rep Frank: Administation may send a new bill for 'resolution authority' on troubled and systemic companies on Monday

[09:12] {Threei} - comments that there isnt much change of placing all bank supervision into the hands on one agency

[09:12] {Threei} - Congress currently in discussion to create an optional Federal charter for insurers

[09:16] {larisa} gm :)

[09:16] {ese} probably a stupid question but have you all made note of amzn...beats .45 v.33expected it's up 16pts....whoa

[09:17] {nemo} no..haven't paid attention to it's $17 dollar run. or its run from 107-110 this morning...or Mag's $ he scalped already...had no idea

[09:18] {ese} ahhhhhh......magoo would be in for sure

[09:21] {Threei} larisa :)

[09:21] {nemo} lari :)

[09:21] {larisa} :)

[09:21] {Threei} US) Govt Spokesman: US has told IAEA's El-Baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[09:26] {nemo} feels like big up day

[09:26] {magoo} [08:56] {magoo} 111 inevitavble

[09:26] {dptl} good morning

[09:26] {Threei} dp :)

[09:27] {Threei} okay guys, you know what I do after losing day, right?

[09:27] {nemo} win

[09:27] {Threei} those who think "drink yourself into oblivion" are wrong

[09:27] {bkhmd} new day

[09:27] {bkhmd} market dont remember yesterday

[09:27] {bkhmd} page 131 of the book

[09:27] {Threei} shrink, apply extra caution,

[09:28] {Threei} setting "do no harm" as major goal

[09:28] {Raven} double your position size and widen your stops ?

[09:28] {Threei} that's it

[09:28] {bkhmd} yea get even

[09:28] {bkhmd} lol

[09:28] {Threei} so, be patient,

[09:29] {Threei} main feature of setups for today is going to be safety

[09:29] {Threei} low risk

[09:29] {Threei} tight stops

[09:29] {patience} yup, patience pays :)

[09:29] {Threei} lol, good morning

[09:29] {magoo} OY

[09:29] {patience} :)

[09:29] {nemo} oy

[09:31] {Threei} NFLX lost its mind

[09:31] {nemo} huge beat

[09:34] {Threei} Long Setup: CPWR 8.10 break

[09:34] {Threei} if stays above 8

[09:34] {Threei} 1:1

[09:34] {fernp} out ty

[09:37] {Threei} 1:2

[09:37] {Threei} who held it, get out

[09:38] {magoo} RIMM vad

[09:38] {ese} nice one....was looking elsewhere....missed it

[09:39] {Threei} RIMM, I want it to hold .25 and break .40

[09:39] {Threei} will be worth a first try

[09:39] {Threei} nope, new low

[09:40] {magoo} COF nuts too

[09:40] {Threei} market is not up that much for all this blowout eearnings

[09:40] {nemo} no

[09:41] {Threei} DOW is flirting with red

[09:41] {Threei} S&P is red to flat

[09:41] {Threei} IMO, down is next step

[09:41] {nemo} oh oh

[09:41] {Threei} Preview: Sept Existing Home Sales due out at 10amET

[09:41] {Threei} **consensus expectation: 5.35Me (+4.9% m/m) v 5.10M prior.

[09:45] {magoo} aMZN could care less about futes

[09:45] {fernp} PWER breakout, Vad?

[09:46] {Threei} hard to tell

[09:46] {Threei} this stock doesn't have a good history

[09:46] {Threei} tends to wilt and die

[09:46] {fernp} ok

[09:47] {ese} l amzn .75

[09:47] {ese} out amzn .98

[09:47] {ese} +.23

[09:47] {fernp} gj

[09:47] {magoo} double bott AAPL

[09:47] {nemo} how many little buggers ese?

[09:48] {Threei} RIMM

[09:48] {ese} 2k

[09:48] {Threei} short .80 break or long .90 break

[09:48] {Threei} aww... late

[09:48] {ese} nemo....moving real fast...scares me a little

[09:49] {magoo} u want fast..look amzn

[09:49] {magoo} l aapl .65

[09:50] {ese} i did mags

[09:50] {ese} was in and out of it

[09:51] {ese} lookin to short it at 110.60 approx

[09:51] {magoo} COF pulling back vad

[09:52] {Threei} Short Setup: BRCM .10

[09:52] {Threei} if stays under .20

[09:53] {Threei} Long Setup: RIMM 67 break

[09:53] {Threei} if stays above .90

[09:55] {Threei} BRCM invalidated

[09:55] {Threei} RIMM still may reestablish

[09:55] {ese} tired market me thinks

[09:56] {fernp} both invalidated, no?

[09:56] {Threei} yes

[09:59] {magoo} in rimm .90

[10:00] {Threei} SEPT EXISTING HOME SALES (M/M): 5.57M V 5.35ME (

[10:02] {ese} bstop amzn 113.11

[10:02] {magoo} no work rimm

[10:02] {ese} in

[10:03] {fernp} HIG lod and consolidating there

[10:03] {bkhmd} yes

[10:03] {fernp} but is H I G

[10:03] {ese} out amzn .42

[10:03] {ese} +.31 man this thing moves fas

[10:05] {ese} at some point this has to come down off it's loft perch amzn

[10:05] {bkhmd} IP double bottom?

[10:06] {Threei} I don't see it

[10:06] {bkhmd} ty

[10:06] {fernp} shorted HIG .41 and out here .25

[10:09] {ese} vad if i wanted to short DIA....would i do that .55 to .60 on pullback

[10:10] {Threei} the way it trades, it's most likely to jump somewhat over .60 before dropping again

[10:10] {Threei} make that tail to .65 or so and drop fast from there

[10:11] {magoo} oyt AMZN .53

[10:11] {magoo} point and half

[10:11] {ese} tks........

[10:11] {magoo} [prolly reload

[10:11] {magoo} STRONGGGGGGGGGG

[10:11] {ese} very

[10:11] {magoo} but it can driop a poinyt in a blink..nit for faint hearted

[10:12] {Threei} .short rimm .50 break

[10:12] {Threei} Short Setup: RIMM .50 break

[10:12] {Threei} if stays below .65

[10:13] {ese} dia....not going acording to plan

[10:13] {magoo} if IF mkts bounce..rimm gonna bounce

[10:13] {Threei} 1:1

[10:13] {fernp} too fast never filled

[10:13] {nemo} yeah

[10:13] {magoo} FAST vad

[10:13] {magoo} as i tyoped

[10:13] {Threei} back for entry

[10:13] {bkhmd} same never filled

[10:13] {fernp} still valid ?

[10:14] {Threei} yes, only stop is .60 this time

[10:16] {magoo} my quotes are anus

[10:16] {larisa} made 50 cents on AMZN short just for excitement. "they" say excitement is an enemy of trader :)

[10:16] {magoo} u got a server vad?

[10:16] {Threei} 0

[10:16] {Threei} 9

[10:16] {larisa} fine here magoo

[10:17] {Threei} Short Setup: BRCM .95 break if stays below 28.05

[10:18] {magoo} funny vad..we both correct RIMM

[10:20] {fernp} brcm still valid?

[10:20] {Threei} too sharp dive

[10:21] {Threei} let's see if we get bounce to short into

[10:21] {ese} nice one there larisa.....man i thought that thing would be heading down by now

[10:22] {ese} how many shs laris?

[10:22] {larisa} it can go to 150 first :) yo unever know

[10:23] {Threei} BRCM got away didn't it

[10:23] {larisa} I do not play more than 1K ever

[10:23] {fernp} y

[10:23] {larisa} scalper here

[10:23] {ese} nice work......

[10:24] {fernp} FITB short, Vad? if breaks

[10:24] {Threei} not sure

[10:24] {bkhmd} Larisa thanks for sharing I wanted to know but was afraid to ask

[10:24] {Threei} BRCM, I am crying

[10:24] {ese} i would have yes fern.....but i'm too late

[10:25] {fernp} yeah, too late

[10:28] {Threei} Long Setup: AAPL .50 break

[10:28] {magoo} in

[10:28] {Threei} if stays above .30

[10:28] {magoo} lol

[10:29] {ese} oh my my my fern........fitb would have been a nice short

[10:30] {fernp} true

[10:31] {Threei} Short Setup: BRCM .50

[10:31] {Threei} if stays blow .60

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

[10:31] {Threei} - NYSE volume 270M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.

[10:31] {Threei} - NASDAQ volume 650M shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.

[10:31] {Threei} - VIX index +1.5% to just under 21.00

[10:32] {fernp} stopped

[10:35] {Threei} Short Setup: RIMM .50 break

[10:35] {Threei} if stays under .60

[10:37] {fernp} ty

[10:37] {Threei} 1:1

[10:37] {strider} =.10

[10:37] {strider} +

[10:37] {Threei} trying for more, covered half

[10:37] {Threei} 1;2

[10:37] {Threei} 1/4 more

[10:37] {Threei} 1:4, out in full

[10:38] {Threei} +.38

[10:38] {Threei} finally worthy one

[10:39] {larisa} gj

[10:40] {ese} does anyone know what amzn'z all time high is?

[10:40] {larisa} I think it was 113 in '99

[10:40] {larisa} but not sure

[10:40] {nemo} yeah

[10:41] {ese} tks....hmmmmmmm causes one to think at this pts.......then there ain't gonna be a whole lot of resistance goin up

[10:42] {larisa} shorts are in trouble on this one I think, some shorting it from 50..

[10:42] {ese} in amzn laris?

[10:42] {larisa} yup

[10:43] {ese} ouch

[10:44] {magoo} i truly think if if it takes 115 today...it prints 117.43 today

[10:44] {Threei} crrrap

[10:44] {magoo} IF

[10:44] {ese} patience......your house slid down the Landsdown slope yet with all this rain?

[10:44] {Threei} typed long NFLX .10 break

[10:45] {Threei} by the moment I finished typing it was at .25

[10:45] {magoo} thats why iu need tio update room to skype vad

[10:46] {strider} another chance on NFLX?

[10:46] {Threei} not sure

[10:46] {Threei} momo play

[10:46] {nemo} rimm short

[10:46] {Threei} they rarely have technical setups

[10:47] {patience} no ese, i am next to the golf course so i expect to float onto the clubhouse lawn :)

[10:48] {ese} I had a tee time for 10:57 today.....it ain't gonna happen

[10:48] {Threei} come on ese

[10:48] {Threei} little drizzle

[10:48] {Threei} don't be a sissy

[10:49] {ese} oh ya....oh ya,,,,,,,,well ....i'll show you.......i'll be out there!!!!!!!!!

[10:49] {Threei} cool... forgive me for not gpoing there to see it... I'll take your word

[10:50] {nemo} that's right....you don't get out much

[10:50] {Threei} no

[10:50] {ese} i will probably be washed up on patience lawn.......is what will happen

[10:50] {Threei} breakdown is coming in the market, IMO

[10:50] {nemo} aapl weak

[10:50] {ese} he doesn't have too.....he has an exercise facility right out his back door

[10:51] {Threei} self made too

[10:51] {Threei} Short Setup: RIMM .15

[10:51] {Threei} if stays under .25

[10:51] {magoo} launch AMZN

[10:51] {magoo} in .30

[10:52] {Threei} wtg mags

[10:52] {magoo} 115

[10:52] {magoo} come on

[10:52] {ese} wow mags....nice

[10:53] {Threei} RIMM, not a scalp again for me

[10:53] {Threei} risk is minimal

[10:54] {ese} s rimm .14

[10:54] {Threei} NQ needs to lose 1760

[10:55] {ese} agreed

[10:55] {Threei} here we go

[10:55] {Threei} day low is right around 1:1... if breaks down and market helps, should drop far and fast

[10:55] {Threei} big bid .10 got hit

[10:56] {Threei} IA) WSJ: Iran has pulled away from nuclear agreement; prefers to purchase nuclear fuel needed for reactor rather than shipping uranium abroard

[10:56] {Threei} new low

[10:56] {Threei} **Note: earlier today a US Govt Spokesman said that US has told IAEA's El-baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[10:56] {Threei} 1:1

[10:57] {Threei} covering half

[10:57] {magoo} msft news cracked mkt therex

[10:57] {Threei} MSFT Yahoo will add nothing to revenue in current fiscal year (28.33, +1.74, 6.54%)

[10:57] {ese} c 1/2

[10:58] {Threei} YHOO will add "hundreds of millions" in 2011

[10:59] {ese} most i've ever shorted by the way 1k

[10:59] {ese} still 1/2 k left

[10:59] {Threei} stop to above .20

[10:59] {ese} done....

[10:59] {Threei} if pesky scalpers win this one, so be it

[11:00] {Threei} but in the market like this, gotta give it a chance

[11:00] {Threei} breakdowns ought to be good

[11:00] {ese} indeed

[11:00] {Threei} lose 66 and kaput

[11:01] {ese} no kaaapluey

[11:02] {fernp} out balance

[11:02] {ese} stoped balance

[11:02] {Threei} didn't go over .20 yet

[11:02] {Threei} sissies

[11:02] {magoo} oput .73 AMZN

[11:02] {ese} whaaaaaaaaa?

[11:02] {magoo} several times

[11:03] {magoo} continuos scalping really

[11:03] {fernp} now yes

[11:03] {Threei} okay opkay... no means no

[11:03] {ese} rotfl

[11:03] {magoo} 115

[11:05] {ese} anyway......tks for talking me through it vad......gained a litle more confidence......shorting still a litle weak in my arsenal

[11:06] {Threei} it's easy...

[11:06] {Threei} like long, just in opposite direction

[11:06] {strider} the same, but different.

[11:06] {ese} yup....stigma....will get over it

[11:06] {Threei} and don't forget to sell first, buy later... unlike long where you buy first, sell later

[11:06] {nemo} too bad there isn't an inversion setting on charts

[11:07] {nemo} I see shorts easier than I see longs

[11:07] {magoo} shorts are DAD AMZN ...DEAD

[11:07] {ese} FERN.....can ya believe this though....we follow the blindly and he calls us "SISSIES"!!!! man

[11:07] {nemo} In the kingdom of the blind, the one-eyed man is king

[11:08] {ese} ahhhhh yup

[11:08] {magoo} DEAD i tell ya....DDDDEEEEEAAADDDDDDDDDDDDD'

[11:08] {nemo} who what where DEAD?

[11:08] {ese} it's rather stunning to be honest mags

[11:09] {nemo} honest?

[11:09] {ese} but what gave you the 117.43 target though

[11:09] {fernp} es ese, he is incorrigible

[11:09] {ese} definitly

[11:09] {Threei} well, two things

[11:10] {Threei} first, I enjoy it... why would you refuse me little fun I derive from slapping, insulting and otherwise gurting good people

[11:10] {Threei} second, and less relevant: stop was ABOVE .20

[11:10] {Threei} not .20 itself

[11:10] {magoo} target 117.43

[11:10] {Threei} but first point is much more importasnt

[11:11] {ese} ya how did you get that target

[11:11] {magoo} put that in way earlier too

[11:11] {magoo} liker hours ago lol

[11:11] {magoo} DEAD DEAD DEAD

[11:13] {ese} I can tell vad.....point #1 is much more enjoyable for you

[11:13] {magoo} magic 8-ball ese..i asked it...117.43...it replied it would seem so

[11:15] {ese} hasn't cracked has it?

[11:15] {Threei} Microsoft Corp Ticking lower after a CNBC makes erroneous report regarding guidance; CNBC misreported the earlier Operating Expense guidance cut as a Revenue guidance cut

[11:15] {Threei} - earlier MSFT said it was cutting operating expenses guidance to $26.2B from $26.5B for FY ended June 30, 2010.

[11:15] {Threei} - follow up 11:10amET: CNBC corrects its error.

[11:18] {fernp} GLD Vad

[11:18] {Threei} you know, I am a bit hesitant to trade this one

[11:19] {Threei} reason is, I am biased

[11:19] {Threei} I am what goldbugs consder their worst enemy: one who thinks gold's intrinsic value is non-existent

[11:19] {fernp} ok I understand

[11:19] {Threei} well, aside from industrial applications and bling

[11:19] {ese} hmmmmmm explain please

[11:20] {nemo} short on FCX? need pullback?

[11:20] {Threei} I'd be shorting GLD left and right, lol

[11:21] {strider} would that be a bad thing:)

[11:21] {Threei} ese... there are people who think gold has some deeper value than whatever masses are willing to pay for it

[11:21] {Threei} store of value... currency...

[11:21] {Threei} to me, it's own intrinsic value is none

[11:21] {ese} yup....agreed

[11:22] {Threei} you can agree to have seashells as currency

[11:22] {nemo} yep was bear flag

[11:22] {Threei} and some civilizations did in the past

[11:22] {ese} i just think it's historical intrinsic value

[11:22] {Threei} and the only advantage gold has over those is it's not as fragile

[11:22] {ese} agreed

[11:23] {Threei} gold standard makes zero sense to me

[11:24] {larisa} but how it connects to daytrading it? you either like how stock trades or not. Most of the stocks you trade you do not give a damn abut their value, you read the tape.

[11:24] {magoo} dow under 10k

[11:24] {ese} well at least since they discarded breton woods in the early 70's

[11:24] {Threei} true laridsas, my point is:

[11:24] {larisa} now i am laridsas

[11:24] {Threei} being skeptical about underlying assset may impact the judgement and create bias

[11:25] {Threei} US) Speaker Pelosi: reiterates House health bill will include the public option, but still working out the details of the plan

[11:25] {Threei} this gal is determined

[11:26] {Threei} see what I mean? I catch myself thinking short every time I look at GLD chart

[11:26] {larisa} I understand, it is like stock of the company you work for, always optimistic :)

[11:27] {Threei} I guess... I never worked for any company but I understand the mindset

[11:27] {larisa} bias you can not read of no matter how hard you try

[11:27] {Threei} rid too

[11:27] {larisa} right

[11:28] {Threei} yes... exactly what I mean

[11:28] {Threei} when I feel this in myself, I have to be double careful

[11:28] {larisa} vad can spell after all

[11:29] {Threei} and that's the biggest surprise for today

[11:29] {ese} mags you still amzn?

[11:29] {Threei} strange disconnection

[11:29] {magoo} yes

[11:30] {Threei} NASDAQ chart is downtrending still

[11:30] {Threei} BRCM isn't, RIMM isn't

[11:30] {ese} nice.......gutsy as well.....good on ya

[11:30] {magoo} no guts..this was no brainer

[11:30] {magoo} mkts tank...amzn STRONG

[11:30] {ese} really?

[11:30] {magoo} wait if mkts got going

[11:31] {magoo} seriously

[11:31] {ese} hmmmm

[11:31] {magoo} there was/is no reason to sell

[11:31] {nemo} aapl selling off a bit

[11:31] {ese} would agree with that for sure

[11:31] {magoo} now remember..i was hitting it this pre mkt in 107 area w/cap'n nemo

[11:32] {nemo} yep...first thing he says, "hunting amzn"

[11:32] {ese} you still in from there!!!

[11:32] {nemo} nice db @ 107 and it's been up and away since

[11:32] {nemo} no...magoo has been

[11:32] {magoo} i was hitting itlast nite from like 99 to 104

[11:32] {magoo} cant quiter remember

[11:33] {nemo} mmmhhh amzn looking a little toppy here

[11:33] {magoo} well..ya and no..it may breathe some soon

[11:33] {magoo} but its NOT A SHORT

[11:34] {magoo} i mean it up 22 points I LUV THESE

[11:34] {magoo} 116 coming

[11:35] {Threei} this is good place to try with stop under .50

[11:35] {Threei} tight enough

[11:35] {strider} MZN?

[11:35] {strider} amzn

[11:35] {magoo} no

[11:35] {magoo} amzn he he

[11:35] {Threei} yeah

[11:36] {Threei} .66 in

[11:36] {magoo} 116,25 exit should do it

[11:36] {magoo} shit missed my aapl bounce

[11:37] {magoo} u guys distracted mags

[11:39] {Threei} tired a bit

[11:39] {nemo} nobody believed me :(

[11:39] {Threei} hit 1:1 and lost breath

[11:39] {nemo} crissakes...I leave my chin out like that....sheesh

06[11:40] * magoo slaps nemo around a bit with a large trout

[11:40] {larisa} I actully did nemo, just did not want to say anything, caz people were long on it

[11:40] {Threei} it's Friday nemo... we are kinder and gentlier than usual

06[11:40] * magoo slaps larisa around a bit with a large trout

[11:40] {nemo} skeeves me

[11:41] {magoo} c'mon..ive been calling it long to levels since 8 am

[11:41] {magoo} u guys are LATE to my party...sheesh

[11:41] {ese} skeeves? thats as good as temoted

[11:41] {nemo} absolutely...I confirmed that already

[11:41] {magoo} now i no how vad feels

[11:41] {nemo} thanks ese

[11:41] {Threei} welcome to my world mags

[11:42] {magoo} really

06[11:42] * nemo gives magoo and Vad hankies laced with pepper spray

[11:42] {Threei} you call them with 80-90% accuracy for months, then lose one day and rotten tomatoes are flying

[11:42] {larisa} lol

[11:42] {nemo} BS....whose thrown anything

[11:43] {nemo} Haven't heard anybody say anything derogatory

[11:43] {nemo} Hearing voices again?

[11:43] {magoo} i should apply my experience here vad and go easier on u...NAHHHHHHHH

[11:43] {nemo} who has

[11:43] {Threei} one guy (I won't name names but he is a fish) sent me three hate e-mails in one evening

[11:43] {nemo} BS

[11:43] {nemo} total taurine excrement

[11:43] {magoo} is that correct symbol nemo?

[11:43] {Threei} lol

[11:44] {magoo} AMZNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

[11:44] {magoo} yes still in

[11:44] {ese} ya got that

[11:44] {ese} is that person still on the board vad?

[11:44] {Threei} of course... I don't discriminate for critisism

[11:45] {ese} personal question i know......but i wouldn't have a problem making his life miserable

[11:45] {nemo} who ese? me?

[11:45] {Threei} really? I smell a great chance to make nemo suffer {GGG}

[11:45] {magoo} ask dino..ive cursed vad up and down office...{but i would never make that known in his room here...}

[11:45] {magoo} oops

[11:45] {Threei} lol

[11:46] {Threei} ok guys, just remember my bias nut

[11:46] {ese} it's hard to believe.....for crying ot loud...if you get into trading how can you be stupid enough not to think your not going to loose money at some point

[11:46] {Threei} GLD bounce into resistance

[11:47] {magoo} wash your mouth out ese:)

[11:47] {Threei} that was a joke in this particular case ese, I just love pulling nemo's chain

[11:47] {Threei} but overall, trust me

[11:47] {Threei} I had my fair share

[11:47] {ese} i'll bet

[11:47] {nemo} of what...hate mail?

[11:47] {magoo} he used to like doing it to magoo ..nemo...u gave me some slack here lol

[11:47] {bkhmd} I only sent 2 vad who sent the other?

[11:47] {bkhmd} lol

[11:47] {bkhmd} joke

[11:47] {bkhmd} easy easy

[11:47] {Threei} one particular response on some forum was remrkable

[11:48] {nemo} yeah...I'm hoping strider takes some of the load

[11:48] {strider} I didn't do nuthin'

[11:48] {Threei} bk, you accidentally copied it to admin and he forwarded it to me, so thsat makes three

[11:48] {bkhmd} ahhhhh

[11:48] {magoo} SICK move AMZN

[11:49] {Threei} so, someone on one forum made a favorable comment about our room,

[11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:49] {Threei} and the guy come in with:

[11:49] {Threei} I had a trial there for 5 days,

[11:50] {Threei} they did lose on one of them, so don't think it's a holy graail, they don't possess any great secrets

[11:50] {magoo} that was magoo vad in cogneto

[11:50] {ese} just hard work!!!!! for criss&^%&^%

[11:50] {magoo} 116

[11:50] {magoo} ya bloody buns :)

[11:51] {ese} I am stunned with amzn today......

[11:51] {magoo} vad..remember good ole days when me and 1 other would get on these together?

[11:51] {ese} look at that thing......and mags hangin in there....prety amazing to be honest

[11:51] {Threei} 1 other?

[11:52] {magoo} yea...he wrote in red

[11:52] {Threei} lol

[11:52] {nemo} brcm break .05?

[11:52] {magoo} together we were a scary force finding the runners

[11:52] {nemo} maybe not right up against 200

[11:53] {nemo} nope hit 1:1

[11:53] {Threei} I really hate trying breakouts on this one nemo

[11:53] {magoo} anyone but anyone making dough on my amzn read??

[11:53] {nemo} yeah, well now it's falling back...hit both 200 and VWAP

[11:54] {magoo} [11:36] {magoo} 116,25 exit should do it

[11:54] {ese} wow.......116.25

[11:54] {nemo} crap...he missed the top by .15

[11:54] {magoo} [11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:55] {ese} i bow to your superior ......whatever mags......outstanding

[11:55] {magoo} 117.43

[11:56] {magoo} then i get free room

[11:56] {Threei} GLD,

[11:56] {magoo} i cobvered..but will reenter

[11:57] {Threei} for double top scenario we need bounce here,

[11:57] {Threei} staying under .85

[11:57] {Threei} then breaking .70

[11:57] {ese} ok ...back to reality...fitb...what eeelll is it doing

[11:57] {Threei} does it look to you objective enough?

[11:58] {Threei} just to make sure it's not my bias talking, describing setup for you in greater details

[12:00] {nemo} in amzn break of .30 mags?

[12:01] {Threei} invalidated

[12:01] {fernp} invalidated GLD

[12:01] {magoo} sorry nemo went for coffee

[12:01] {magoo} im back in

[12:01] {nemo} 1:2

[12:01] {magoo} u do it?

[12:02] {nemo} out now

[12:02] {Threei} 117 mags?

[12:02] {magoo} 117.43

[12:05] {magoo} soon..c'mon...lets get it now

[12:05] {magoo} get up

[12:05] {magoo} here we go

[12:06] {Threei} beautiful

[12:07] {ese} BRCM making a comeback

[12:12] {nemo} hah...rimm toppe out at 6666

[12:12] {Threei} notice the formation

[12:13] {Threei} hat same double top I was looking for at GLD

[12:13] {nemo} devil's horns

[12:13] {Threei} .66 top, .50 valley bottom

[12:13] {ese} rimm sure bounced off of 66

[12:14] {magoo} vad..take 1 eye and start reading COF

[12:15] {Threei} I like short on it mags

[12:16] {Threei} and you can see why, lol

[12:16] {strider} so did a few others.:)

[12:16] {Threei} no kidding

[12:19] {strider} if BO fails on BRCM, will it be a short?

[12:19] {nemo} rimm short again...

[12:19] {Threei} .20 is support to break for it to trigger short

[12:19] {Threei} BRCM I measn

[12:20] {strider} would you call it as an official setup?

[12:21] {strider} got 3 candles dipping to .17

[12:21] {Threei} if market dives, which it seems to be ready for, yes

[12:22] {strider} whoops.

[12:22] {strider} failed again

[12:22] {fernp} AMZN pulling back to 116

[12:24] {magoo} yea..careful here

[12:24] {magoo} might be time of day to pullbk

[12:24] {Threei} why failed?

[12:25] {Threei} .35 is resistance

[12:25] {Threei} didn't go above it

[12:25] {strider} failed to break resistance.

[12:25] {Threei} I'd say it's still valid

[12:25] {Threei} oh

[12:25] {Threei} lol

[12:25] {nemo} brcm broke trendline

[12:25] {nemo} looking short

[12:25] {strider} sometimes failure is a good thing, no?

[12:26] {nemo} has long as it's not in a duel

[12:27] {nemo} as

[12:27] {strider} FLD in consolidation

[12:27] {strider} GLD

[12:29] {strider} missed BRCM but may not a bad thing.

[12:30] {nemo} lunchtime...scalps

[12:30] {strider} mini-scalps

[12:30] {strider} Type 1 with type 2 shares:)

[12:35] {strider} LINTA

[12:37] {Threei} BRCM 1:1

[12:45] {strider} .

[12:45] {magoo} yea vad..im in

[12:45] {magoo} 1187

[12:45] {magoo} 117

[12:45] {Threei} lol

[12:46] {Threei} anyone care to guess who is on TV?

[12:46] {nemo} Carmen Electra?

[12:46] {Threei} you really wish

[12:47] {magoo} george dubya?

[12:47] {strider} mARIS tOMEI?

[12:47] {strider} marisa

[12:47] {magoo} AMZN

[12:47] {magoo} .40

[12:47] {nemo} hat's and noise makers ready...

[12:47] {magoo} .03 cents off

[12:48] {magoo} wish dino were here for that call

[12:48] {Threei} you'll tell him and we will confirm

[12:48] {nemo} how markets end today Vad?

[12:49] {magoo} with the closing bell nemo

[12:49] {Threei} I think we will try to make a run at the high, fail and finish about here as scenario #1

[12:49] {Threei} next by likelyhood is eod seloff to new lows

06[12:50] * nemo slaps magoo around a bit with a large CROW BAR

[12:50] {nemo} sorry raven

[12:50] {Threei} and only third, least likely but not out of realm of possibilities is rally

[12:51] {nemo} That would be most painful...shorts see weakness even with some good earnings results...say, "this is it." ....WHAM!....rally.

[12:51] {larisa} -130 ending :)

[12:53] {magoo} i think we end green

[12:53] {nemo} yeah..me too

[12:53] {strider} aone?

[12:53] {Threei} Long Setup: HIG .25 break if holding .2o

[12:54] {magoo} no ty...eating soup

[12:54] {Threei} no read on AONE

[12:55] {fernp} 2o is 20 true?

[12:56] {Threei} yes, lol

[12:56] {nemo} hey...how's that ipo from a couple of days ago doing? still at 14.50?

[12:56] {Threei} sheesh

[12:56] {Threei} it is

[12:57] {fernp} out

[12:58] {ese} i still don't get how you figured the amzn call mags.......what were you looking at?

[12:58] {larisa} amount of $ he needs to buy an Island :)

[12:59] {magoo} magic 8-ball

[12:59] {magoo} i dont know how that worx

[13:00] {magoo} biut hey..only off .03

[13:00] {magoo} for now

[13:03] {strider} TROW kind of interesting, daily & 5 min.

[13:07] {larisa} triple top, give up AMZN :) or magoo needs to establish new target :)

[13:17] {Threei} one more of interest mags: PCLN

[13:18] {fernp} LVS breakdown, Vad?

[13:18] {magoo} vad...i get 3 months free..only missed by 3 cents?

[13:18] {magoo} i was calling that from 110 area

[13:18] {Threei} 3 cents in unforgivable mags

[13:19] {magoo} crap

[13:19] {Threei} not sure fern...

[13:19] {Threei} feels more random

[13:19] {fernp} ok

[13:23] {Threei} RIMM...

[13:24] {Threei} if market breaks down, 66 break is a good short setup

[13:25] {strider} wide stop?

[13:26] {Threei} .20...

[13:29] {Threei} if sets up from here, .15 will be good as a stop

[13:33] {fernp} in

[13:33] {ese} hmmmmmmm

[13:33] {ese} i am back

[13:34] {magoo} vad WHY BIDU up huge in down mkt?newss

[13:35] {Threei} no news

[13:35] {Threei} Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe

[13:35] {Threei} - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply

[13:37] {strider} +.11 RIMM from early entry

[13:40] {magoo} vad..550cc = how many ounces?

[13:40] {nemo} 1 cc=1gram=28.5 grams in an ounce

[13:40] {magoo} no like liquid

[13:41] {nemo} about 20 oz

[13:41] {magoo} no

[13:41] {magoo} more like 12

[13:41] {Threei} 1 US fluid ounce = 29.5735296 cc

[13:41] {magoo} anyone??

[13:41] {nemo} there you go, what I tell you

[13:50] {fernp} stopped RIMM

[13:51] {Threei} didn't cover on dive under .90?

[13:51] {fernp} .86 was 1:1

[13:52] {Threei} it touched .87...

[13:52] {fernp} not filled at .87

[13:52] {Threei} when it's 1-2 cents away from 1:1, don't let it turn into loss

[13:52] {fernp} late

[13:53] {fernp} another awful day here

[13:54] {Threei} hmmm

[13:54] {Threei} nothing stellar but not horrible at all

[13:55] {fernp} true, only a bad day

[13:55] {fernp} yest was an awful day :)

[13:56] {nemo} I've avoided stops today...so that's good

[13:56] {nemo} question, is this an index bear flag

[13:57] {Threei} very much looks like that

[13:57] {nemo} yeah

[14:03] {bkhmd} JOYG DB?

[14:03] {Threei} only if market starts recovery-rally... which IMO is not in cards

[14:04] {ese} have a great weekend all....cya monday

[14:04] {nemo} Have you forseen this Lord Vad?

[14:04] {bkhmd} or colater ese

[14:04] {fernp} bye ese

[14:04] {nemo} adios ese

[14:04] {bkhmd} later ese

[14:04] {Threei} take care ese

[14:04] {ese} take care

[14:04] {nemo} vaya con diablo

[14:07] {nemo} amzn bounced right off the 200 ma

[14:08] {Threei} more and more feels like breakdown coming

[14:09] {magoo} amzn or mkt vad?

[14:09] {Threei} market

[14:12] {nemo} we'll probably end up where we started yesterday

[14:12] {Threei} which is amazing in itself considering how the day started

[14:13] {strider} amzn

[14:13] {nemo} whoa amazon

[14:13] {Threei} Market Internals update at 2:00pmET

[14:13] {Threei} - NYSE volume 705M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[14:13] {Threei} - NASDAQ volume 1.65B shares, about 13% above its three-month average; decliners lead advancers by 2.9:1.

[14:13] {Threei} - VIX index +7% to just over 22.00

[14:18] {strider} I think we're getting close to seeing who the biggest fool is...on amzn

[14:20] {Threei} you think they'll give us the name of the top buyer?

[14:23] {magoo} hope its not magoo

[14:24] {Threei} no breakdown

[14:24] {nemo} funny...I was thinkng the same thing

[14:24] {magoo} in it .50

[14:25] {nemo} brcm been on quite the march too

[14:25] {Threei} no kidding

[14:26] {Threei} and I hated this one the most

[14:26] {nemo} Yeah...I remember...someting about hating breaks on that stock

[14:27] {strider} yoi still in mags?

[14:27] {nemo} stop of .30?

[14:35] {nemo} RIMM sneaking up on 66 again

[14:38] {magoo} i hate to even type this

[14:38] {magoo} 119 coming

[14:38] {nemo} where you in?

[14:38] {magoo} 117.49

[14:39] {magoo} 118

[14:43] {fernp} short RIMM 65.99, Vad?

[14:43] {Threei} with stop over .10?

[14:43] {Threei} looks right

[14:43] {fernp} y

[14:46] {Threei} and to think, I was pondering yesterday after earnings, whether 102 is good entery or leave it alone

[14:46] {strider} ??

[14:46] {Threei} on AMZN

[14:47] {strider} I'll take some at 102:)

[14:47] {nemo} no...thought you were talking about eslr

[14:47] {nemo} that's at 1.02

[14:47] {Threei} ws available all you wanted

[14:47] {strider} can I go over to the middle of the chart?

[14:48] {Threei} ?

[14:48] {strider} and buy there?

[14:48] {Threei} ah

[14:49] {Threei} famous "buy me yesterday" feature

[14:49] {Threei} usually comes in the kit with tomorrow's WSJ subscription

[14:49] {strider} and the 'if it dont go up don't buy it' button

[14:50] {strider} in RIMM .99

[14:50] {fernp} me too

[14:51] {Threei} 1:1

[14:51] {fernp} out

[14:51] {strider} out

[14:51] {Threei} 1:2, nice and easy

[14:51] {strider} thanks nemo

[14:51] {strider} and Vad

[14:51] {strider} and the universe

[14:52] {Threei} life, universe and everything

[14:52] {nemo} yw

[14:52] {strider} did I misss anyone?

[14:52] {Threei} that was fern though who spotted it

[14:52] {strider} sorry. Thanks fern.

[14:52] {strider} never mind, nemo

[14:52] {Threei} rofl

[14:52] {strider} you guys look so much alike.

[14:52] {nemo} [14:35] {nemo} RIMM sneaking up on 66 again

[14:52] {fernp} nemo inspired me

[14:52] {Threei} plant and fish??

[14:53] {nemo} Threei=ham

[14:53] {Threei} check your sight strider...

[14:53] {Threei} 118 be taken now

[14:53] {larisa} vad, you think it is possible big brokers provide "them" the info on retail positions/stops/margin calls to fuel the short squeezes ? I really wonder how it is orchestrated. if you analize millions of accounts, the picture can be telling.

[14:53] {Threei} nah

[14:54] {larisa} I feel some structure behind it, can not explain what it is though :)

[14:54] {Threei} conspiracy involving that many people in such organized fashion can't stay undercover for than 5 minutes

[14:54] {Threei} there is structure, you are absolutely right

[14:54] {nemo} It'a Aasimov's "Foundation"

[14:54] {Threei} but it's based on the same thing all setups are based on

[14:55] {strider} my lvl 1 shows high of amzn at 119.65

[14:55] {Threei} stops are generally placed in the vicinityh of the same prices

[14:55] {strider} did I miss something?

[14:55] {nemo} Hey! witch index Amazon in?

[14:55] {nemo} yeah, mine too

[14:55] {nemo} which

[14:55] {strider} sell short!

[14:57] {nemo} I wonder how much Amazon is skewing Naz performance today?

[14:57] {strider} that must be the biggest fool...119.65

[14:58] {magoo} is that legit

[14:58] {strider} rimm again?

[14:59] {strider} dunno mags...it's there

[15:03] {Threei} I don't see it on chart

[15:03] {Threei} I doubt it

[15:03] {strider} just a 3 bar consol.

[15:03] {Threei} 118.56 is high on daily chart

[15:03] {strider} awhile ago.

[15:03] {nemo} this last hour could be precarious

[15:04] {strider} are shorts likely to push it up at end of day?

[15:04] {bkhmd} Vad your read on IP?

[15:04] {Threei} I don't have any... it's slow and narrow

[15:04] {dptl} have a good weekend all

[15:05] {Threei} mirroring market very much

[15:05] {Threei} take care dp

[15:05] {fernp} bye dp

[15:05] {strider} dp:)

[15:05] {Threei} probaly will cntinue doing so and go with market

[15:05] {nemo} just a silly feeling, but, as Vad says, it ain't gonna' be easy shorts will probably cover some incase there's a crapload of good news that comes out

[15:05] {bkhmd} ahh i see that now

[15:09] {strider} bear flag on RIMM

[15:09] {nemo} s1 is .81, see if it stalls here

[15:11] {strider} 17.60 a buy AMZN?

[15:12] {Threei} I'll go on a limb and say

[15:12] {Threei} AMZN is done

[15:13] {larisa} I think it will push for day high by eod

[15:13] {nemo} It's holding a nice trend line though

[15:13] {magoo} i think more up

[15:13] {larisa} lol

[15:13] {strider} yeah, what you all said.

[15:13] {nemo} What...take viagra magoo?

[15:14] {magoo} i think larisa got it right

[15:14] {nemo} what, "lol"

[15:14] {larisa} 120 is so close.. have to push

06[15:14] * larisa slaps nemo around a bit with a large trout

[15:15] {Threei} no way

[15:15] {nemo} whoa

[15:15] {larisa} it was funny, nemo

[15:15] {nemo} what was funny...whacking me?

[15:15] {larisa} no, you silly "lol" joke

[15:15] {Threei} that's always funny

[15:15] {nemo} oh...ty

[15:16] {nemo} fyvm vad

[15:16] {Threei} and joyful

[15:16] {Threei} no 120 is my bet

[15:16] {Threei} no 119 either

[15:17] {larisa} if you are wrong, we will make you pay

[15:18] {Threei} how?

[15:18] {larisa} no misspells for a week

[15:18] {Threei} ouch

[15:19] {Raven} good luck

[15:19] {magoo} 119.67

[15:19] {Threei} cruel

[15:19] {Threei} ok

[15:19] {Threei} libm is limb

[15:19] {Threei} I am going to short AMZN on 118 break

[15:20] {Threei} new high cancels that

[15:20] {magoo} im in 118

[15:23] {larisa} so stubborn

[15:24] {Threei} who?

[15:24] {larisa} AMZN

[15:26] {magoo} out

[15:29] {Threei} covering half

[15:29] {magoo} good read

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 910M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[15:31] {Threei} - NASDAQ volume 2.06B shares, about 11% above its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei} - VIX index +7% to just over 22.00

[15:34] {fernp} LVS short here Vad?

[15:35] {Threei} most likely yes

[15:37] {Threei} too bad second half didn't want to proceed to 116

[15:37] {Threei} watching for another setup

[15:37] {Threei} and LVS looks better and better

[15:38] {fernp} in now

[15:38] {strider} stop .57?

[15:39] {strider} lvs

[15:39] {fernp} .61 here

[15:39] {strider} k

[15:42] {Threei} same trigger againfor AMZN

[15:42] {strider} stop?

[15:43] {larisa} intraday shorts on AMZN will cover now IMO

[15:43] {nemo} yeah, on everything

[15:43] {Threei} don't know yet strider

[15:43] {Threei} you guys assume there are any shorts on it sltill standing... :)

[15:44] {Threei} they are dead, buried, sang for

[15:44] {larisa} but they need to cover :)

[15:44] {Threei} magoo personally put the nails in the lid of their coffins

[15:44] {larisa} lol

[15:44] {Threei} lol larisa

[15:46] {Threei} ok

[15:46] {Threei} top of this bounce will be stop for amzn

[15:48] {Threei} no go

[15:50] {Threei} let's scratch LVS guys

[15:51] {Threei} too close to eod

[15:51] {strider} I'm out at .-02

[15:51] {Threei} anything can happen

[15:51] {Threei} AMZN fooled all of us - no new highs and no drop, lol

[15:51] {larisa} just wait

[15:51] {larisa} 10 more minutes

[15:52] {larisa} 120

[15:52] {Threei} yeah, 9 min is plenty for this animal

[15:52] {larisa} Fear and panic will drive it, best drivers :)

[15:53] {larisa} I feel like magoo with all these targets :)

[15:53] {Threei} FUD

[15:53] {Threei} Fear, Undcertainty, Doubt

[15:54] {strider} LVS you jerk

[15:58] {nemo} wow

[15:58] {Threei} uh oh

[15:59] {nemo} who are the idiots

[15:59] {Threei} good spelling, here I come

[15:59] {strider} I can see Larisa's head growing dfrom here.

[15:59] {nemo} of course, when it hits 129 on Monday

[15:59] {Threei} for how long Larisa??

[15:59] {magoo} i was 1..out .76

[15:59] {larisa} 119 - 3 days, 120- 1 week

[15:59] {nemo} where were you in .50?

[15:59] {Threei} 3 days...

[16:00] {Threei} it's what

[16:00] {Threei} Monday

[16:00] {Threei} the Tuesday

[16:00] {Threei} then

[16:00] {fernp} that's almost torture

[16:00] {Threei} and then the day I won't spell anymore during next three days

[16:00] {bkhmd} good night good weekend all

[16:00] {bkhmd} thanks for the lesson vad

[16:00] {magoo} ty vad..everuone

[16:00] {larisa} bye :)

[16:00] {Threei} OK guys, thank you all

[16:00] {Threei} glad this week is over

[16:01] {nemo} cya

[16:01] {Threei} not an easy one by any means

[16:01] {fernp} next week will be better

[16:01] {fernp} have a nice weekend everybody

[16:01] {Threei} it ought to

[16:01] {Threei} have a great relaxing weekend

[16:01] {Threei} see you on Monday

[16:02] {lasertrev} have a good weekend all

Oct 22 2009

One of those days when nothing works. Narrow range is not our favorite type of the day, and that's what the market spent most of the day in. When it broke out of the range, our fingers were cut enough times for us to sit it out. 2 or 3 plays worked vs 5 or 6 stops - all small but a few too many.

Session Time: Thu Oct 22 00:00:00 2009

[08:01] {magoo} morning

[08:01] {nemo} mags

[08:02] {magoo} hey cap'n..how was yesterday trading?

[08:04] {nemo} lackluster until the end, although there was an ipo where 3i was saying, "This is magoo's kind of trade"

[08:10] {bkhmd} gm all

[08:11] {nemo} harooo

[08:14] {magoo} where is the cranky ole boy this morn lol?

[08:14] {nemo} should be here...

[08:14] {magoo} was yesterday up day in mkts?

[08:15] {nemo} until the last 45 minutes, then tanked big time

[08:17] {Threei} good morning

[08:18] {KSystems} hey

[08:18] {Threei} ks :)

[08:19] {Threei} mags, yesterday was one of strongest confirmations of reversal in the markets we could ask for

[08:19] {magoo} vas:)

[08:22] {Threei} did you have a snow to clean yesterday or what?

[08:24] {magoo} no..but i had business to take care of..never came into office

[08:24] {Threei} sorry, we are going to need a note form parents

[08:25] {magoo} lol

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 531K V 515K; CONTINUING CLAIMS: 5.923M V 5.970ME

[08:31] {magoo} vad..since i was out..whats your "feel" for today?

[08:32] {Threei} today hasn't even started yet... :)

[08:33] {Threei} since I switch to bearish mode, overall feel is down, but which days are bounce and which are straight down is the question

[08:35] {magoo} u thinking bear mkt rally has ended...or just healthy breather which everone but everyone has been calling is upon us

[08:35] {Threei} breather but much more heavy one that we had throughout the rally

[08:36] {Threei} not return to March lows though

[08:36] {Threei} quite possibly end to the rally in a sense of being locked in (quite wide) range for a while

[08:38] {nemo} FITB loss widens

[08:40] {fernp} Good morning everybody

[08:40] {Threei} fern :)

[08:42] {nemo} Bird man

[08:44] {magoo} pnc ffiv

[08:44] {magoo} jcg gappers

[08:48] {magoo} wow travelers trv

[08:56] {nemo} aapl hel well

[08:57] {cosmo} logi

[08:58] {cosmo} expects to return to year-on-year profit growth in the

[08:58] {cosmo} third quarter, ...

[08:58] {cosmo} ...as will many others

[09:01] {lasertrev} morning

[09:01] {nemo} LT

[09:01] {Threei} trev :)

[09:01] {strider} morning everyone

[09:01] {Threei} strider :)

[09:04] {nemo} Dunedin

[09:05] {cosmo} ffiv

[09:06] {cosmo} fourth-quarter profit jumped 44 percent as customer spending ramped up

[09:14] {dptl} good morning all

[09:14] {Threei} dp :)

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:15] {larisa} vad :)

[09:16] {ese} ah ha.....i'm in

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Threei} why wouldn't you

[09:17] {ese} morning vad

[09:17] {ese} don't know ...the channel server kicked me

[09:20] {ese} fitb beats .20 v .17 that explains the surge lately

[09:20] {Threei} that's your kick:

[09:20] {Threei} [09:14] * mib_p0gbed was kicked by ChanServ (You are not permitted to be on this channel.)

[09:21] {Threei} not entered username :)

[09:23] {_mreust} Vad, what do you think of EBAY this morning?

[09:23] {ese} hmmmmmm am just injecting my coffee now with a hypodermic needle.....maybe too tired

[09:24] {Threei} EBAY posted guidance yesterday

[09:24] {Threei} Guides FY09 EPS $1.41-1.43, Rev $7.95B-$8.05B (ex Skype)

[09:24] {Threei} - Implies FY09 EPS $1.54-1.56 v $1.52e, R$8.65-8.75B v $8.5Be

[09:24] {Threei} - Note: Guided Skype EPS around $0.13 on Rev of about $700M

[09:25] {Threei} doesn't mean much by itself but considering reaction and market olverall, I'd look for short on it

[09:25] {strider} ERIC gap down

[09:26] {_mreust} thanks

[09:26] {Threei} either on a good bounce and when market reverses down,

[09:26] {Threei} or nice tight consolidation, then breakdown

[09:26] {Threei} for instance, 25.05 break is stays under .15

[09:26] {Threei} is = if

[09:27] {_mreust} thanks

[09:27] {Threei} just an example, don't view it as a call - morning volatility will probably be too big for such tight call

[09:28] {cosmo} LOGI tests 19.80

[09:28] {Threei} now... why's HIG so happy

[09:30] {strider} HIG glad to see you

[09:30] {Threei} sigh

[09:30] {cosmo} needs to hold 19.50

[09:30] {cosmo} logi

[09:32] {strider} pnc very happy

[09:33] {_mreust} ebay just died right out of the starting gate

[09:33] {Threei} yeah

[09:33] {nemo} aig happy

[09:33] {Threei} right idea but no setup

[09:33] {_mreust} there will be more

[09:34] {Threei} HIG pulling back

[09:34] {Threei} watching for one more sharp leg down, then entry for bounce

[09:35] {Threei} dive under .40, and entry on .40 recross if holding .30

[09:37] {Threei} EBAY strong bounce

[09:38] {Threei} Short Setup: EBAY .25 if stays under .35

[09:38] {Threei} Long Setup: HIG .40 break if stays above .30

[09:40] {Threei} no go EBAY

[09:40] {fernp} stopped

[09:40] {Threei} Preview: Aug US House Price Index due out at 10amET

[09:40] {Threei} ***consensus expectation (MoM): 0.3%e v 0.3% prior (estimates range between -0.2% to +1.9%)

[09:42] {nemo} tighten stop on HIG?

[09:42] {Threei} didn't it hiot 1:1?

[09:42] {fernp} yes

[09:42] {nemo} missed it anyway, was just looking at support

[09:43] {Threei} EBAY shakeout

[09:46] {Threei} .long hig .10 break

[09:46] {Threei} Long Setup: HIG .10 break

[09:46] {Threei} stop under 26

[09:48] {magoo} in

[09:48] {Threei} market weakens again

[09:49] {Threei} EBAY, thast was what you should have done first time around

[09:49] {Threei} HIG second failure

[09:49] {fernp} stopped HIG

[09:50] {magoo} i dont like hig

[09:50] {bkhmd} INTC look interesting

[09:50] {Threei} Preview: Sept Leading Indicators due out at 10amET

[09:50] {Threei} **consensus expectation: 0.8%e v 0.6% prior

[09:51] {Threei} for short bkhmd?

[09:51] {bkhmd} thats what i was thinking break .69?

[09:51] {bkhmd} too late

[09:52] {fernp} EBAY was rude

[09:52] {Threei} very

[09:52] {Threei} .66 is yesterday's low on INTC

[09:52] {Threei} let's see if it consolidates a bit

[09:53] {bkhmd} That large offer keeps moving around

[09:53] {bkhmd} but getting smaller

[09:53] {Threei} it doesn't matter much on such thick stock as INTC

[09:53] {bkhmd} ahhhh

[09:54] {ese} l fitb .31

[09:55] {Threei} new code for "I have nothing to say":

[09:55] {Threei} (US) Fed's Kohn : Too big to fail issue is a huge problem

[09:55] {fernp} RIMM on highs

[09:56] {Threei} Short Setup: INTC .65 if stays below .75

[09:57] {magoo} AIG crashing

[10:00] {fernp} HIG db?

[10:00] {Threei} *(US) SEPT LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei} - prior revised from 0.6% to 0.4%

[10:00] {strider} ese target for FITB?

[10:00] {Threei} US) AUG HOUSE PRICE INDEX (M/M): -0.3% V 0.3%E

[10:00] {nemo} so this month higher but last months revise lower

[10:01] {Threei} can't tell fern

[10:01] {fernp} ok

[10:02] {ese} out fitb .39 +.08

[10:02] {Threei} US Treasury's Allison: TARP can be reoriented towards small business and housing; must begin wind down

[10:02] {ese} hi strider sorry didn't see your post

[10:03] {Threei} US) White House Advisor Romer: Economy appears to have entered first phase of recovery

[10:03] {Threei} - Expect unemployment levels to come down slowly in 2010 despite economic growth

[10:03] {Threei} - Reiterates that it would be a mistake to exit stimulus prematurely

[10:03] {ese} no real target ..anywhere from .05 to .10 scalp

[10:03] {ese} that was with 24k

[10:03] {strider} thx. I got .07

[10:03] {ese} shs

[10:04] {fernp} in INTC

[10:04] {Threei} Short Setup: LVS .90 break

[10:04] {Threei} if stays below 16

[10:05] {Threei} Birinyi: Reiterates seeing 1280 on S&P 500 before year end -CNBC

[10:05] {Threei} is this what market bounced on?

[10:06] {nemo} dangling preposition

[10:06] {Threei} LVS invalidated

[10:07] {magoo} AIG Bounce ready vad?

[10:07] {Threei} no idea mags, it became totally erratic

[10:08] {nemo} this may just be a pullback to the BB average

[10:09] {Threei} die already INTC

[10:11] {_mreust} intc target?

[10:11] {Threei} won't be fast but should be capable of more than scalp

[10:11] {Threei} partial at 1:1

[10:11] {Threei} then will see

[10:14] {nemo} bear trap looks like

[10:17] {strider} stopped out intc

[10:17] {fernp} why?

[10:17] {strider} hit .75

[10:17] {nemo} stop was stay under .75

[10:17] {Threei} look at EBAY now

[10:18] {strider} and it hit .75

[10:18] {nemo} yep

[10:18] {fernp} my stop is .76

[10:18] {bkhmd} same

[10:19] {_mreust} How about that HIG bounce, when it finally did?

[10:19] {Threei} yes

[10:19] {Threei} too jerky market... nervous and undecisive

[10:20] {_mreust} market didn't react much to those numbers

[10:20] {Threei} come on... didn't want to call EBAY short on another breakdown to avoid anohtre shakeout, and look at it

[10:21] {bkhmd} waaaa

[10:22] {Threei} sigh

[10:22] {Threei} not in tune today

[10:22] {fernp} out... What a wonderful day!! lol

[10:22] {bkhmd} no direction

[10:23] {Threei} and just to put things in perspective: AGAM is still at 14.50

[10:23] {fernp} lol

[10:24] {fernp} trade of the month AGAM

[10:27] {Threei} AAPL Nokia reportedly suing Apple for alleged infringement of GSM UMTS and WLAN patents

[10:27] {Threei} - alleges the iPhone infringes certain patents

[10:33] {magoo} sh hig 26

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 300M shares, about 7% above its three-month average; decliners lead advancers by 1.8:1.

[10:35] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 1.9:1.

[10:35] {Threei} - VIX index +0.75% to just under 22.50

[10:37] {_mreust} intc worth another look?

[10:37] {Threei} no setup to hang a hat on

[10:37] {Threei} LVS WSJ: Genting could open Singapore casino before LVS (16.13, -0.22, -1.35%) (related GTGS.SI )

[10:38] {Threei} Short Setup: LVS .10 break

[10:38] {Threei} if stays below .20

[10:43] {Threei} nice on HIG mags

[10:43] {magoo} covered here .77 TY vad

[10:44] {_mreust} lvs target?

[10:45] {Threei} the way market acts, I don';t want to even talk about targets

[10:46] {Threei} decide whether you want a scalp or try for bigfger tarde

[10:46] {Threei} if scalp cover at 1:1

[10:46] {Threei} if bigger, partial

[10:46] {Threei} usual routine

[10:46] {Threei} I personally will partial

[10:50] {Threei} Short Setup: AIG 38 break

[10:50] {nemo} been waiting on that myself

[10:50] {Threei} if stays under .20

[10:50] {nemo} oh well

[10:51] {Threei} hate these trend reversal periods when for a few days nothing works, shakeout upon shakeout

[10:53] {ese} setup vad DIA does .86 look like a break candidate to you

[10:53] {fernp} AIG still valid?

[10:53] {Threei} yes but not on a sharp drop

[10:53] {Threei} let it reconsolidate

[10:53] {fernp} thanks

[10:54] {Threei} sorry ese, too late

[10:54] {Threei} another spike

[10:54] {Threei} will anything work today?

[10:54] {bkhmd} AIG didnt participate in that spike

[10:54] {ese} not a problem ...more where that came from......have never traded diamonds so was unsure

[10:55] {nemo} fcx almost back to sell off highs

[10:57] {nemo} makes sense...everyone expecting big pullback after yesterday, how do you screw with them......rally

[10:59] {larisa} who is that mysterious "you" that knows everything and screws with everybody :) can i be one for a week ?

[11:00] {Threei} lol

[11:00] {nemo} thought you were already

[11:00] {larisa} not yet, getting there :)

[11:00] {Threei} it's THEM larisa

[11:00] {nemo} yep

[11:05] {Threei} Long Setup: RIMM .25 break

[11:05] {Threei} half lot OK?

[11:06] {Threei} let's keep the lid on this jerkiness

[11:06] {nemo} fcx back to pre drop highs

[11:07] {fernp} what is the stop?

[11:07] {Threei} under .10

[11:08] {fernp} out TY

[11:08] {Threei} fffffffinally

[11:08] {bkhmd} sure the one I miss gets 1:1 lol

[11:09] {bkhmd} ese u watching HIG?

[11:10] {Threei} can't believe it... second one that worked today, both barely

[11:10] {ese} no fitb and dia

[11:11] {ese} hmmmmm i think it would drive me crazy......i wouldn't see anywhere to get in

[11:11] {bkhmd} yep could be both ways

[11:12] {ese} i'm lamenting over fitb.......i traded this thing a ton back in feb and march.....i really left alot of money on the table today with it

[11:14] {ese} just bidding my time here though......i think it's going to take a run at it's highs before the day is out.....am looking to get back in

[11:16] {ese} into the witching almost so am in no hury

[11:16] {ese} hurry

[11:16] {ese} witching hour

[11:17] {magoo} MCD bounce vad?

[11:18] {nemo} op ex week right?

[11:18] {ese} what'd they do...raise the price on the $1 hamburger from 1.70 to over 2.00

[11:18] {ese} whoa.....look at that

[11:18] {Threei} mags, there is conference call on MCD in progress

[11:19] {Threei} McDonald's Corp CEO: Sees near-term softness in China. Oct SSS flat to slightly negative - conf call

[11:19] {Threei} - Expects flat to negative October sales

[11:19] {Threei} - Do not see same commodity cost increases next quarter

[11:19] {ese} you short mags?

[11:19] {magoo} no

[11:19] {nemo} they're using more spam

[11:19] {magoo} bounce was idea..not in

[11:19] {fernp} uhhh! MCD

[11:20] {ese} it's almost funny

[11:22] {ese} McDonald's Corp CEO: Sees near-term softness in China- rice burgers

[11:23] {ese} sorry.......augmented that news item a little

[11:23] {ese} nice bounce.......anybody catch it

[11:26] {Threei} Short Setup: AIG .80 break

[11:26] {nemo} yeah, waiting on that

[11:27] {fernp} stop?

[11:27] {Threei} stop above .90 for scalpers, above 38 for day traders

[11:28] {magoo} out RIMM here .57 TY

[11:28] {Threei} welcome

[11:30] {nemo} stopped out for the day

[11:33] {Threei} US) US Federal Reserve reportedly to disclose pay guidelines design to reduce risk in banks - unconfirmed report

[11:35] {bkhmd} ese FITB getting tight

[11:35] {bkhmd} but no volume

[11:36] {bkhmd} ooops

[11:40] {Threei} House Financial Services Committee plans to vote to speed up implementation of credit card regulations

[11:40] {Threei} - The House is expected to approve a bill today to form the CFPA (Consumer Financial Protection Agency) that includes a provision, which has the full support of the President, that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[11:40] {Threei} I thnk I need to go home

[11:40] {Threei} this is not my day

[11:41] {strider} well said. :)

[11:42] {Threei} only costanza plays would have worked today

[11:42] {dptl} see ya tomorrow all

[11:42] {nemo} cya dp

[11:42] {ese} hey bk....thats what i'm thinkin

[11:43] {fernp} where is my shirt?, can't find my shirt. lol

[11:44] {bkhmd} ese u thinking short?

[11:44] {ese} nope

[11:44] {ese} L

[11:45] {ese} not after the move it made this morning

[11:45] {bkhmd} entry ? break .53?

[11:47] {ese} hmmmmm not sure....would like most of lunch to get out of the way first......

[11:47] {bkhmd} Ill watch and learn on the sideline this time

[11:49] {ese} everytime i play a stock like this it's differnt......but in general my experience with them is that they'll make another run at the highs....the 64 million dollar question though when

[11:51] {ese} right now i'm more or less paying attention to my 15min ch.....and i'm liken a .50 break

[11:52] {ese} or break above that and come back to it

[11:52] {ese} sorry 10min chart

[11:53] {ese} hmmmmm i guess it could be 10 or 15

[11:53] {bkhmd} looks totally different

[11:54] {ese} not to much...10 just stretched out a little more

[11:55] {ese} but ya know........."it's vads world and we just live in it"......anything could happen

[11:56] {Threei} you don't want to live in my world today :)

[11:56] {ese} ahhhhhh ok chief....

[11:57] {bkhmd} Vad you come cut my grass Ill call out the plays today

[11:57] {bkhmd} lol

[11:57] {bkhmd} lol

[11:57] {Threei} in my world today water flows uphill, sun emanates blackness, birds swim the oceans, ships fly all over the skies

[11:57] {bkhmd} easy easy vad it was a joke

[11:57] {ese} whoaaaaaa........

[11:58] {Threei} and to polish it off, I can sing and dance but can't trade

[11:58] {strider} always work for a good song and dance man

[11:58] {larisa} you can dance?

[11:58] {ese} yikes........you and i have reversed roles.......this is not good

[11:59] {magoo} aapl rots

[11:59] {Threei} today obviously yes larisa

[11:59] {ese} now that was funny mags

[11:59] {Threei} I officially pronounce this day Costanza Day

[12:00] {ese} huh? who is that?

[12:00] {ese} or what is that

[12:00] {bkhmd} the guy that went into the pool and had to explain size

[12:01] {ese} rotfl

[12:01] {Threei} ese... Seinfield?

[12:01] {Threei} George?

[12:01] {ese} oh ya ya ya....i remember

[12:03] {ese} L fitb .5099

[12:11] {ese} l fitb avg .529

[12:12] {Threei} Competition Wanted: 65% Favor Removing Anti-Trust Exemption for Health Insurance Companies

[12:12] {Threei} who the hell installed it in a first place

[12:13] {Threei} I amamzed at sheer hypocrisy of regulators creating flawed framework wir scewed interests, then wagging their fingers in outrage at those who operate within that framework

[12:16] {strider} c&h COST

[12:23] {ese} i'm gonna take that out fitb .59 +.07 on 18k is good

[12:27] {larisa} gj

[12:27] {bkhmd} good move ese

[12:28] {bkhmd} congrats

[12:28] {ese} tks......feels like old times the last couple of days with fitb

[12:29] {fernp} GLD on lows

[12:30] {strider} lows?

[12:31] {fernp} thanks ese took +.09 FITB

[12:31] {strider} I got +07...thanks ese

[12:32] {ese} good job boys....and girls....as the case may be

[12:33] {Threei} IRBT Ticking higher as IRBT exec appears on CNBC (13.47, +1.78, 15.23%)

[12:51] {Threei} American International Group, Inc CEO Benmosche: Pay Czar Feinberg advises no clawbacks will be sought from company - Memo

[12:51] {Threei} - Jurisdiction is "quite limited"

[12:51] {Threei} - Company is in "direct, near-daily discussions" with Feinberg

[12:58] {Threei} NVLS... slow steady climb all day, 52 week highs

[13:15] {Threei} can't tell you how temoted I am to short EBAY and wait for end of day dump

[13:15] {nemo} temoted?

[13:15] {nemo} tempted?

[13:16] {larisa} both :)

[13:16] {Threei} you can't decode that all by yourself?

[13:16] {bkhmd} lol

[13:16] {Threei} especially seeing how they are next to each other on jeoyboard?

[13:16] {nemo} yeah, I figured, looking at the keyboard

[13:22] {fernp} 23.28 is the low of the day

[13:23] {ese} temoted?.......cool....... maybe one of the greatest words of all time.

[13:24] {Threei} fern... I'd comment but screw-up fairy that visited me this morning just refuses to leave

[13:24] {nemo} what in the market would cause the most consternation to the most people today?

[13:25] {Threei} I said it a while ago nemo

[13:25] {Threei} staying locked in the range

[13:25] {nemo} missed it, but that's what I was thinking

[13:25] {Threei} no resolution while everypne expects some

[13:25] {ese} if people couldn't temote properly

[13:25] {Threei} nah... that would be expecting too much of them

[13:26] {ese} .......man you can use that word all over......we temote....they temote....nothing like temoting.......lets temote........what a great word

[13:26] {Threei} and just try to ask what "everypne" is

[13:27] {ese} rotfl.......oh man this board is too much

[13:27] {fernp} i am in

[13:27] {fernp} stop .41

[13:28] {Threei} fern... if it works, it has nothing to do with me

[13:28] {ese} ok all....I have to go or i'll get temoted.....take care ....see you all tomorrow

[13:28] {Threei} you'll have temoted it all on your own

[13:28] {Threei} take care ese, good temoting

[13:29] {ese} vad man.....you gotta the thickest skin ever

[13:29] {fernp} ok. no problem

[13:29] {bkhmd} later ease

[13:29] {fernp} small shares

[13:29] {ese} take care

[13:29] {Threei} it's not skin

[13:29] {Threei} it's bark

[13:29] {Threei} with rebars

[13:29] {ese} rotfl.......great way to start my .....hangin with you all

[13:29] {ese} cya

[13:30] {fernp} bye ese

[13:31] {Threei} MSFT CEO Steve Balmer: Seeing some 'buoyancy' in PC markets; could buy 10-20 companies this year - TV interview

[13:31] {Threei} quick everyone, let's styart couple companies

[13:32] {fernp} out

[13:33] {fernp} thinking to trade FOREX, or Asian market, or whaever ....

[13:33] {Threei} lol

[13:33] {Threei} just sit it out

[13:33] {Threei} we are ina very narrow range

[13:33] {fernp} yes

[13:33] {Threei} slightest move causes shakeout

[13:34] {Threei} try to dig yourself out fast, you only dig it deeper

[13:34] {nemo} shoulda' gone hunting today

[13:36] {Threei} NVLS is still climbing

[13:37] {Threei} (US) Fed: 28 large banks would face special "horizontal" compensation reviews

[13:37] {Threei} - Seeking comments of formulated benefits on pay

[13:37] {Threei} - Pay practices contributed to bank losses

[13:37] {Threei} - Proposes ruls to prevent banks' excessive risks

[13:37] {Threei} - Reviewing compensation policies at over 3,000 smaller banks

[13:37] {Threei} - Findings will influence supervisory ratings

[13:37] {fernp} this bounce in EBAY without volume is shortable if lose .40

[13:37] {fernp} under normal conditions .(

[13:37] {Threei} I find it hard to believe... are they private companies or not?

[13:38] {Threei} put limits on how TARP money can be used, sure

[13:38] {Threei} but how can you tell private company what it should pay?

[13:41] {bkhmd} aig having some fun

[13:42] {Threei} AIG CEO: Derivatives exposure has been cut by a third at financial unit (38.32, -0.71, -1.82%) (related CME )

[13:48] {nemo} Oh, by the way, you know all this talk about no inflation...well, at my politically incorrect place, EVERYTHING, including apparel, is up. Some as little as 10% some as much as 60%...what a crock

[13:49] {nemo} good thing you didn't short ebay

[13:51] {fernp} shorted .29 and I was stopped out

[13:51] {Threei} yeah, nemo means that .40

[13:51] {fernp} ah! no, no

[13:52] {nemo} yeah, back when 3i was talking about...fernp, I thought I was the only one who shorted at the bottom

[13:52] {Threei} that's normal in the range

[13:52] {Threei} breaks are trend trades

[13:52] {Threei} range defies tyrend

[14:02] {Threei} no news for this spike

[14:05] {strider} see you guys later....

[14:05] {Threei} take care strider

[14:05] {strider} :)

[14:05] {fernp} bye strider

[14:06] {strider} bye fern, va, nemo, et al.

[14:06] {nemo} cya

[14:07] {bkhmd} later Strider

[14:07] {strider} I am a bear of very small brain, but is seems to me it would be helpful these days to be trading from a 5 min. chart.......just been thinking.....

[14:07] {strider} but you know where thinking gets you. :)

[14:08] {bkhmd} what a surge

[14:08] {nemo} makes us even on yesterday

[14:11] {Threei} no news...

[14:12] {Threei} no idea where it's coming from

[14:26] {bkhmd} amazing

[14:28] {Threei} I am speechless

[14:28] {nemo} rally isn't over

[14:28] {nemo} plus it's op ex week, yes

[14:28] {Threei} well, we haven't made any new highs

[14:29] {fernp} don't worry, AGAM is still at 14.50

[14:29] {Threei} rofl

[14:29] {Threei} fern, this one takes the prize

[14:29] {fernp} :)

[14:29] {Threei} dino's large moth is serously challenged

[14:29] {larisa} lol

[14:30] {larisa} but this one is actually funny

[14:30] {nemo} fcx made a new high

[14:33] {nemo} cya tomorrow

[14:34] {fernp} bye nemo

[14:34] {Threei} take care nemo

[14:39] {Threei} (US) US Fed's Kohn: Fed's AIG and Bear Stearns programs not showing losses

[14:58] {Threei} US) House votes to accelerate implementation of new credit card rules, to take effect 12/1

[14:58] {Threei} - This approval moves up the effective date of the legislation to Dec 1, from February 2010.

[14:58] {Threei} - Note also that the measure includes a provision that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[14:58] {Threei} ***Reminder: On 10/21 Fed's Bernanke commented that moving the implementation date for Credit Card Accountability Act to 12/1 could have unintended consequences. Early implementation could benefit consumers, although smaller businesses may have difficulty in implementing measures.

[14:59] {Threei} look at JAVA

[14:59] {Threei} Dealreporter commenting on possibility Oracle deal to buy Sun could get objection from European Commission

[15:00] {Threei} (US) Feinberg: cuts executive compensation by 50%, limits Salaries to $500K

[15:02] {Threei} Incentive pay must be in long term restricted stock, contingent on performance and TARP repayment

[15:03] {Threei} US Pay Czar... who the hell is coming up with these titles?

[15:10] {Raven} The King

[15:18] {Threei} US Sen Snowe (R): Congress may not finish the health care bill before year end; prefers trigger for option if the cost competition fails - interview

[15:18] {Threei} - notes that the public option places the industry at a disadvantage

[15:19] {Threei} Note: Sen Snowe was the only republican to vote for the Senate Finance commitee version of the health care bill; claims vote was to advance the bill out of commitee

[15:21] {bkhmd} Aig making second attempt to break its day high

[15:21] {Threei} successful too

[15:21] {fernp} FAS vertical

[15:22] {Threei} inkredible

[15:22] {fernp} What is the news? Why everyone is so happy?

[15:23] {Threei} no news whatsoever

[15:23] {Threei} aside of those bits and pieces I posted

[15:24] {fernp} too complex for the mass

[15:24] {Threei} but that's mostly drivel

[15:24] {Threei} ah ah, no losses for the Fed from AIG

[15:24] {Threei} so what

[15:38] {fernp} have a nice rest of the day. I know you all need it. see you tomorrow.

[15:38] {fernp} Good evening everybody

[15:39] {bkhmd} later fern

[15:39] {Threei} take care fern

[15:39] {Threei} AIG

[15:39] {Threei} eod run

[15:41] {larisa} hey I made 5 cents on HIG short, and that was not easy :)

[15:41] {larisa} funny day

[15:41] {Threei} I believe you

[15:42] {Threei} there was nothing about today that would be easy

[15:47] {Threei} {--- envisions magoo making a killing on AIG run

[15:48] {Threei} fess up mags

[15:48] {magoo} trying for .41

[15:48] {Threei} from?

[15:48] {magoo} way lower

[15:48] {Threei} thought so

[15:48] {Threei} your kind of trade

[15:50] {magoo} out

[15:50] {Threei} wtg

[15:50] {magoo} ty vad

[15:50] {Threei} someone had to make mney today

[15:51] {Threei} it sure as hell wasn't me

[15:51] {Threei} but I just scalperd .65 - .82 in two seconds

[15:51] {magoo} in

[15:52] {magoo} wait 42.20

[15:52] {Threei} didn't get even for the day but at least removed insult, left only injury

[15:56] {magoo} cant get it

[15:57] {Threei} too close to eod

[16:00] {bkhmd} good night all

[16:00] {Threei} thank you all

[16:00] {Threei} we will get them tomorrow

[16:00] {larisa} bye :)

[16:00] {bkhmd} thanks for the lesson Vad

[16:00] {Threei} unless they get us

[16:00] {magoo} ty all

[16:00] {Threei} what lesson?

[16:00] {lasertrev} good night

[16:00] {Threei} how to take stop after stop?

[16:00] {bkhmd} every day i learn something new just saying thanks

[16:00] {Threei} :)

[16:01] {bkhmd} good night

[16:01] {Threei} have a good evening, see ou tomorrow

[16:01] {Threei} Amazon.com Inc Reports Q3 $0.45 v $0.33e

Oct 21 2009

Not a very active day, and mostly flat monetary wise. We expected reversal to the downside, but it came with no clear setups not really offering opportunity to profit. Doesn't matter much though - we seem to finally start the descent, and there will be enough opportunities. Relentless climb up was becoming tired.

Session Time: Wed Oct 21 00:00:00 2009

[08:03] {Threei} MS Reports Q3 $0.38 v $0.29e, R$8.7B v $7Be

[08:04] {Threei} - Institutional Securities net revenues $5BB v $2.96B q/q

[08:04] {Threei} - Equity sales and trading net revenues $1.1B v $681M q/q

[08:12] {KSystems} morning :)

[08:12] {Threei} KS :)

[08:32] {strider} syk

[08:39] {fernp} Good morning everybody

[08:40] {Threei} strider, fern :)

[08:40] {strider} howdy

[08:43] {Threei} (US) Bernanke: 12/1 implementation date for Credit Card Accountability Act could have unintended consequences

[08:43] {Threei} - Smaller businesses may have difficulty in implementing measures

[08:43] {Threei} **Reminder: On 09/29 Fed proposed new rules to ban several "harmful practices" by credit card issuers, including restrictions on lending to people under 21. The Fed is seeking to implement some of the features of a law passed in May.

[08:54] {nemo} we in anything

[08:54] {Threei} why would we

[08:54] {nemo} you saw a set up

[08:55] {Threei} with my eyes closed??

[08:55] {nemo} you had your 3rd one open

[09:00] {lasertrev} gm all

[09:01] {Threei} trev :)

[09:02] {cosmo} plcm

[09:02] {nemo} lt :)

[09:04] {cosmo} PLCM pre mkt low = 22.70 fwiw

[09:12] {cosmo} ...double bottom, it turns out...

[09:14] {cosmo} i think

[09:14] {ese} gm

[09:15] {Threei} cosmo, ese :)

[09:15] {nemo} dudes

[09:15] {ese} it's meet the creature night at my school tonight......sorry....meet the teacher

[09:15] {ese} duude

[09:17] {nemo} fcx looks like a top

[09:17] {Threei} US Dollar vs Swiss Franc Dealer chatter about potentional intervention levels and 'removal' of obstacles

[09:17] {Threei} - One European dealer commenting that prior 'heavy' buyers of CHF into the last round of intervention was "told" not to do that again

[09:17] {Threei} - Dealer alos noted that large swiss corps are hedged about 2-5 years out which could result in less CHF buying

[09:18] {larisa} gm :)

[09:18] {nemo} dudess

[09:18] {Threei} larisa :)

[09:18] {larisa} vad, nemo :)

[09:19] {bkhmd} GM all

[09:19] {Threei} bkhmd :)

[09:21] {ese} sorry....whats CHF

[09:22] {Threei} Swiss Franc?

[09:22] {nemo} yes

[09:22] {ese} tks

[09:25] {Threei} US) According to Fiserve, Miami home values will fall another 30% by June, 2010 - Miami Herald

[09:25] {Threei} - Among 381 metropolitan areas ranked nationwide, Miami will be the biggest loser, according to Fiserv, a financial information and analysis firm.

[09:25] {dptl} good morning

[09:25] {Threei} dp :)

[09:25] {ese} was out of fitb yesterday at .66 for +.12 am still in swks am +.16 so far

[09:25] {ese} dddddddddppppppp!!!!!!!

[09:25] {Threei} - The firm predicts Miami home values will plunge another 29.9 percent by June 2010, on top of price declines of 48 percent since peaking in 2006. Orlando fared second-worse, with values shrinking 27 percent. Prices are forecast to fall another 26 percent in Fort Lauderdale.

[09:25] {Threei} - In Miami, that means the median home price would fall to $150,500 by next June and $153,100 in the Fort Lauderdale metro area. The price deductions are calculated from the median price at the end of the second quarter.

[09:26] {nemo} fcx did break support, is now pulling back, may be setting up for a nice drop

[09:28] {Threei} MS is short candidate at some point

[09:28] {Threei} on watch

[09:28] {nemo} aig too maybe

[09:28] {Threei} gapping up on earnings, and that wasn't sustainable these days

[09:31] {nemo} fcx gapped down a $

[09:31] {Threei} AONE

[09:31] {Threei} no news

[09:32] {Threei} volatility's as always...

[09:32] {Threei} YHOO sharp selling

[09:33] {nemo} markets sharp buying

[09:33] {Threei} not ready for a good bounce yet, IMO

[09:36] {Threei} missed HIG .55 break, no time to type alert

[09:36] {bkhmd} HOG was same

[09:37] {Threei} YHOO fooled me

[09:38] {_mreust} sndk really moved

[09:38] {Threei} FITB, .1/4 more out

[09:38] {fernp} 10.70 1/4 out FITB

[09:38] {Threei} fern :)

[09:38] {Threei} last part, offering .90

[09:39] {Threei} stop under .50

[09:39] {fernp} ok. thanks

[09:39] {Threei} CTDC??

[09:39] {Threei} what the

[09:40] {Threei} no news

[09:43] {strider} pcar

[09:43] {Threei} Long Setup: YHOO .90 break

[09:44] {Threei} if stays above .80

[09:47] {Threei} Short Setup: MS 34 break

[09:47] {Threei} half lot

[09:47] {Threei} could take a few tries so let's keep risk down

[09:47] {Threei} over .20 invalidated

[09:49] {ese} fern nice one ,,,,,with fitb

[09:49] {Threei} MS reestablished

[09:49] {ese} was that a position from yesterday?

[09:49] {nemo} huge order yhoo .89

[09:49] {Threei} yes ese, we took half overnight after taking partial profit

[09:50] {ese} nice you guys...mind if i ask how many k

[09:50] {nemo} you mean "little buggers?"

[09:50] {ese} indeed

[09:51] {nemo} order @.89 gone

[09:51] {ese} not on my level 2 nemo

[09:52] {ese} still there

[09:52] {Threei} UBSS

[09:52] {Threei} still there

[09:52] {ese} gettin there though

[09:52] {Threei} MS is invalidate for sure

[09:52] {nemo} guesss the rally isn't over yet

[09:53] {Threei} YHOO is unsure here

[09:53] {Threei} maybe let's scratch it

[09:53] {nemo} I scratched at .96

[09:53] {Threei} doesn't react of market spike anymore

[09:54] {bkhmd} out

[09:54] {Threei} remasins to be seen of course nemo,

[09:55] {Threei} but my woprking assumption at this point is:

[09:55] {Threei} it's not a rally anymore,

[09:55] {Threei} it's last shakeouts before plunging,

[09:55] {Threei} market won't make it too easy for shorts

[09:55] {nemo} Yes

[09:56] {nemo} Like long shadows on candles, the last gasp...whose left when the party breaks up at 3:00 am

[09:56] {strider} out yhoo .87

[09:57] {Threei} WFC It is time to repay TARP capital; in talks over repayment (31.03, +0.57, 1.87%)

[10:00] {nemo} cat short, break of .09?

[10:00] {nemo} nah

[10:01] {Threei} do we believe in breakout and run up from here?

[10:01] {nemo} doesn't matter what we believe

[10:01] {nemo} what we see

[10:01] {strider} trade what you see...not what you think

[10:01] {Threei} 'cause f yes, HIG is long with .95 trigger

[10:02] {nemo} right at pivot of 92

[10:02] {nemo} .92

[10:03] {fernp} missed HIG

[10:04] {strider} +.13 hig small lot

[10:05] {strider} MS c&h?

[10:05] {nemo} $ down hard

[10:08] {Threei} anyone took HIG?

[10:08] {strider} pullback time?

[10:09] {bkhmd} missed it

[10:09] {strider} I got .13 and was out at .10

[10:09] {Threei} .13?

[10:09] {strider} +.13

[10:09] {Threei} as [rofit or entry price?

[10:09] {Threei} oh ok

[10:09] {Threei} scared me :)

[10:09] {nemo} where's VIX?

[10:09] {strider} nah

[10:10] {strider} in .97 out .10

[10:10] {nemo} $ C&H in UUP

[10:10] {fernp} CHIP happy

[10:11] {nemo} yhoo @ .92

[10:13] {nemo} wfc maybe short?

[10:13] {Threei} Long Setup: RIMM .80 break

[10:13] {Threei} if stays above .70

[10:14] {strider} please repeat set up Vad

[10:14] {Threei} Long Setup: RIMM .80 break

[10:14] {Threei} if stays above .70

[10:14] {strider} thx

[10:15] {nemo} RIMM looks like a good short if it breaks .70

[10:15] {Threei} yup, two-sided setup

[10:16] {Threei} or should I say bi-directional

[10:16] {nemo} metro play

[10:16] {ese} nemo ...want to go long yahoo here but can't seem to trust it

[10:16] {nemo} wfc Vad?

[10:17] {strider} long .80

[10:17] {bkhmd} long .81

[10:17] {Threei} don't know wfc

[10:17] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:17] {Threei} **Consensus expectations:

[10:17] {Threei} Crude: +1.5Me

[10:17] {Threei} Gasoline: -1.2Me

[10:17] {Threei} Distillate: -1.2Me

[10:29] {ese} talk about doin nuttin....absolutely nuttin this morning.....can't find a thing

[10:29] {Threei} ditto

[10:30] {Threei} DOE CRUDE: +1.3M V +1.5ME

[10:30] {Threei} GASOLINE: -2.2M V -1.2ME; DISTILLATE: -785K V -1.2ME;

[10:30] {Threei} RIMM no go

[10:31] {fernp} out RIMM

[10:31] {bkhmd} yep

[10:31] {nemo} wow...country can really afford to have gas go back up through the roof

[10:31] {Threei} 2 cents shy of 1:1

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

[10:32] {Threei} - NYSE volume 250M shares, about 11% below its three-month average; advancers lead decliners by 3.7:1.

[10:32] {Threei} - NASDAQ volume 525M shares, about 6% below its three-month average; advancers lead decliners by 2.6:1.

[10:32] {Threei} - VIX index -3.3% to just over 20.00

[10:32] {Threei} so far same pattern is holding: green day, volume drops

[10:36] {fernp} breakdown .70 RIMM reached 1:1 in just one minute

[10:40] {Threei} nemo, to answer your question earlier

[10:40] {Threei} VIX Index hovering just above 20; lowest level since late August 2008

[10:40] {nemo} yeah, saw that

[10:40] {Threei} AGAM IPO opens for trade at $14.50 (14.46, 0.00, 0.00%)

[10:41] {Threei} healthcare

[10:45] {Threei} Long Setup: AGAM .60 break

[10:45] {Threei} if stays above .50

[10:47] {Threei} World Bank's Zoellick: USD will remain as the 'main reserve currency' in the near term (related EUR/USD USD/CHF USD/JPY )

[10:48] {fernp} in AGAM

[10:48] {bkhmd} same

[10:49] {bkhmd} out agam

[10:49] {Threei} ?

[10:49] {Threei} it never lost .50

[10:49] {nemo} .48

[10:49] {bkhmd} my order filled at .49

[10:49] {ese} this is an IPO obviously

[10:50] {Threei} level 2 bid never went lower

[10:50] {Threei} what are you using autostops??

[10:50] {bkhmd} yes

[10:50] {bkhmd} it got me

[10:50] {Threei} yikes

[10:50] {Threei} out of bounds print triggers those

[10:50] {Threei} why do you need that crap? you are right here

[10:50] {bkhmd} had stop at .49 and filled at .50

[10:50] {bkhmd} hmmmm

[10:50] {Threei} if you left your computer, fine

[10:51] {Threei} better auto than nothing

[10:51] {Threei} but since you are here...

[10:51] {Threei} that's exact demonstration of one of the reasons I hate autostops

[10:51] {bkhmd} if it never touched .49 then why would I fill? strange the stop was .49

[10:52] {nemo} because you were willing to sell

[10:52] {Threei} out of bounds print

[10:52] {bkhmd} so I set my stop properly

[10:52] {bkhmd} ?

[10:53] {bkhmd} my stop and my target are set auto when I get filled

[10:53] {Threei} I prefer manual stops

[10:53] {ese} whats with yahoo nemo?.......does not want to go anywhere

[10:54] {nemo} manure stock

[10:55] {nemo} too much history

[10:55] {ese} aptly put

[10:56] {ese} this should be the new way we speak on vads board

[10:56] {ese} inuendo......nothing actuallly said

[10:57] {nemo} where's magoo today?

[11:01] {strider} when IPO starts trading, is all the initial offering already sold?

[11:02] {larisa} http://moneycentral.hoovers.com/global/msn/index.xhtml?pageid=1954

[11:06] {strider} thx. Larisa. i know what an IPO is, but my thought was whether all the AGAM initial 14.50 stocck is gone.

[11:06] {fernp} stopped AGAM

[11:06] {bkhmd} Thanks Larisa that was informative

[11:07] {strider} If initial offering still available, there would be no reason for the traded stock to move higher.

[11:11] {Threei} AIG totally trades on its own

[11:12] {Threei} no connection wit market or financials whatsoever

[11:12] {Threei} US House Judiciary votes to ban price fixing in health insurance sector through end in anti trust exemptions

[11:17] {Threei} Short Setup: CAT .50 break

[11:18] {Threei} if stays below .60

[11:18] {Threei} not a scalp for me

[11:20] {strider} in at .495

[11:21] {Threei} what is it, Scalp a Scalper day today?

[11:25] {Threei} SPDE Zargus subsidiary cleared as an iPhone developer (5.80, +1.76, 43.56%)

[11:26] {patience} .

[11:26] {Threei} - cleared as an Apple(®) iPhone(®) developer and has begun development of medical diagnostic support software and related peripherals for the iPhone and other leading smartphones.

[11:26] {Threei} - Zargis has identified the handheld environment as a logical delivery platform for its telemedicine and diagnostic software initiatives, and with its team of experienced developer''s plans to leverage the smartphone platform as a mobile hub between medical device peripherals and computer-aided diagnostic support located either locally or remotely.

[11:29] {Threei} SPDE is serious

[11:29] {Threei} magoo would be all over it

[11:29] {Threei} his type of trade

[11:30] {nemo} should send him a copy of the chart :)

[11:30] {Threei} I just can see him "goes to 7"

[11:30] {nemo} You have to see him? Poor bastid

[11:37] {nemo} C&H WFC

[11:38] {ese} L sndk .55......adrenalin rush

[11:39] {fernp} out CAT TY Vad

[11:40] {ese} going comatose....need something to liven me up

[11:40] {Threei} fern :)

[11:42] {strider} Was CAT stopped out?

[11:42] {ese} out sndk .65/.66 +.10 12k of the little buggars

[11:45] {Threei} (US) FDIC's Bair: Recommends large financial firms temporarily suspend large bonuses

[11:45] {Threei} - "Distressed" by reports of large bank bonuses

[11:45] {Threei} - Government should not be micro managing pay

[11:47] {fernp} not here strider. with CAT, RIMM, AIG etc i give them 2 or 3 cents of extra margin

[11:47] {strider} thx.

[11:47] {fernp} :)

[11:48] {strider} I stopped 1/2, out balance for +.09

[11:48] {Threei} GOOG Reportedly planning a song search service with certain music labels

[11:48] {Threei} between all GOOG seraches, I start wondering when they are going to offer soul-seacrhing tool

[11:48] {nemo} ha.....haha......hahahahahaha

[11:49] {Threei} US) Economist Joseph Stiglitz: Does not expect US GDP growth to be sustainable, expects US to remain in a "deep recession"

[11:53] {ese} i rest vads case.......look at sndk ....was in at .55 out at .65 it shoots to .80 tanks al the way to .50.......scalping!! it's the only way

[11:54] {Threei} well, at least until trend reappears

[11:54] {Threei} right now we have none

[11:55] {ese} indeed!

[11:58] {strider} klac forming c&h

[11:58] {strider} reverse

[11:59] {Threei} I like the idea

[11:59] {strider} break of .47?

[11:59] {Threei} yes

[12:00] {nemo} support is @ .30

[12:01] {strider} what chart nemo?

[12:01] {nemo} 1 min or 2 minute on 19th and 16th

[12:02] {ese} 15min chart

[12:02] {nemo} yeah, that too

[12:02] {strider} otoh, dbl bottom

[12:02] {strider} on the other hand

[12:05] {fernp} BAC on lows

[12:05] {strider} useg

[12:06] {Threei} Short Setup: WFC .10

[12:06] {nemo} 10 minutes late dunedin

[12:06] {fernp} stop?

[12:06] {Threei} above .20

[12:09] {ese} plcm l sm .99

[12:09] {Threei} 1:1, half cover for me

[12:09] {fernp} out TY

[12:09] {nemo} 1:1

[12:10] {Threei} if scalpers win this one too, I'm off to monastery

[12:11] {Threei} what do you know

[12:11] {nemo} cya

[12:11] {Threei} see you in 7 years

[12:11] {Threei} Tibet here I come

[12:11] {nemo} nunnery or monastery?

[12:11] {strider} out avg. +.03

[12:12] {Threei} .03?

[12:12] {Threei} what kind of executions are you getting?

[12:12] {strider} death by a thousand cuts:)

[12:12] {nemo} You mean you got out @ .03?

[12:12] {ese} strider...what were you in?

[12:13] {strider} no. I took+08 on half, and bailed on the second half

[12:13] {nemo} oh so averaging the total lot

[12:13] {Threei} .10 in, 30 cover, .12 second cover

[12:14] {Threei} +.10 and -.02, should be +.08?

[12:14] {fernp} ummm, ehhhh, I think so

[12:15] {nemo} how rude wfc

[12:16] {strider} klac approaching lod

[12:17] {fernp} stop is above .60. isn't it?

[12:17] {strider} unfortunately

[12:18] {Threei} yes

[12:20] {nemo} HGSI took quite the dump today

[12:23] {strider} cric dbi?

[12:23] {strider} looks like newbie

[12:23] {Threei} too sharp drop into this level

[12:24] {Threei} may continue or may turn into double bottom

[12:24] {Threei} 50/50

[12:25] {nemo} aig short?

[12:30] {Threei} can't tell

[12:30] {nemo} still not moving with market

[12:30] {Threei} last few days it makes sudden moves with no setup and with no regard to anything

[12:31] {Threei} KS, you don't expect any mail from UK?

[12:32] {Threei} UK) UK Postal Union confirms nationwide strike to go ahead

[12:35] {Threei} US) Fed's Fisher: Sees the beginnings of an inventory correction - TV interview

[12:35] {Threei} - Sees 2010 growth significantly below potential; does not see a double-dip recession

[12:38] {KSystems} huh?

[12:38] {nemo} schlaefst du doch?

[12:38] {Threei} sorry to wake you up

[12:38] {Threei} just giving you a heads up

[12:40] {KSystems} zzzZZZzzzZZZzzzZZZ

[12:42] {Threei} kind of "just in case" call:

[12:42] {Threei} Long Setup: AIG .50 break

[12:44] {nemo} eh...stop there pal?

[12:45] {Threei} how would you structure it?

[12:46] {bkhmd} stop .34?

[12:46] {Threei} as it stands, yes, but

[12:46] {Threei} if it spends a few min more above .40 before tagging .50, I'd keep it under .40

[12:47] {nemo} wfc Vad? looks like aig

[12:48] {Threei} yes, with one difference

[12:48] {Threei} for WFC I want market help

[12:48] {nemo} it just broke

[12:48] {Threei} fff

[12:48] {nemo} wow aig

[12:48] {fernp} impsiible

[12:48] {Threei} missed tuping

[12:49] {strider} bit seller at .60 klac

[12:50] {strider} big

[12:58] {strider} you still in aig?

[12:59] {Threei} MSFT CEO Ballmer: Sees lots of opportunities in Canadian market

[12:59] {Threei} seriously?

[12:59] {Threei} he would be a first

[12:59] {Threei} it never let us in, strider

[12:59] {strider} ok

[13:00] {Threei} went through trigger way too fast for entry, and I was typing at the moment

[13:00] {strider} I just knew that I missed it

[13:01] {Threei} US) Fed's Turullo: Too big to fail must be at center of overhaul

[13:06] {Threei} (US) Pelosi: Reaffirms that there are no plans for Economic Stimulus now

[13:06] {Threei} House will pass Health Care Bill well before Thanksgiving

[13:12] {ese} out pclm in honor of dino .10 +.10

[13:12] {ese} actually i'd had enough of honoring dino......took way too long

[13:13] {Threei} lol

[13:15] {strider} out flat AGAM

[13:15] {strider} .535

[13:15] {Threei} Long Setup: CAT 60 break half lot

[13:15] {Threei} if holdong above .90

[13:16] {Threei} US) US Commerce Sec Locke: Dollar weakness a concern

[13:16] {Threei} - USD Oil link bolsters the case for US Energy Independence

[13:19] {ese} l sndk .67

[13:21] {ese} out sndk .75 +.08

[13:21] {strider} in

[13:27] {Threei} ok CAT, enough games

[13:27] {Threei} time for new high

[13:31] {strider} no lvl 1 data CAT

[13:31] {fernp} switch quote server

[13:32] {Threei} there you go, good kitty

[13:33] {Threei} with bad character, lol

[13:34] {Threei} 1;1 and immediate smackadown

[13:34] {strider} so you got out?

[13:34] {Threei} Preview: Fed's Beige Book survey of regional economic conditions to be released at 2pmET

[13:34] {Threei} * current beige book expected to be mildly positive, highlighting a softened upturn pace in the economy in Sep through early Oct timeframe

[13:34] {strider} with profit?

[13:34] {Threei} 1:1

[13:34] {Threei} lunch time

[13:34] {Threei} and scalpers were the only winners even in the morning today

[13:35] {fernp} sold in the way down. filled at .06

[13:35] {fernp} so +.05

[13:36] {Threei} better than poke in the eye...

[13:36] {Threei} but if you intend to scalp, why not offer it

[13:36] {Threei} and let it take you out on spike

[13:37] {fernp} i always do that. But this time wanted something more...

[13:41] {strider} I'm not getting lvl 1 data on many stocks...anyone else?

[13:41] {nemo} you using laser?

[13:42] {strider} yes

[13:42] {nemo} change quote server

[13:42] {strider} tried that

[13:42] {Threei} tried slapping trev?

[13:42] {strider} nothing for CAT for instance

[13:43] {nemo} close and re open?

[13:44] {nemo} suprised market isn't up more with the $ pummeling today

[13:44] {Threei} I think they are bound to decouple soon

[13:44] {strider} closed/reopned....still no better

[13:46] {nemo} fcx vad, break of 82

[13:46] {nemo} big stop

[13:46] {Threei} strider... you may be too shy still... look:

06[13:46] * Threei slaps lasertrev around a bit with a large question mark

[13:47] {lasertrev} whats up

[13:47] {strider} try a colon.....maybe that'll get his attention.

[13:47] {Threei} see? it works

[13:47] {strider} not getting lvl 1 data on many stocks.

[13:47] {nemo} Vad's got pick to bone with you

[13:47] {Threei} nah, just an attention getter

[13:48] {Threei} and my unconditional love to hurting people

[13:48] {nemo} cat short or long?

[13:48] {nemo} guess it depends on beige book

[13:48] {lasertrev} are u getting level2?

[13:48] {ese} take care all....have my first parent teacher interview in 1hr.....catch you tomorow

[13:48] {Threei} I'd prefer to get some bounce and short into it

[13:49] {Threei} take care ese

[13:49] {ese} cya vad

[13:49] {fernp} bye ese

[13:51] {lasertrev} strider u there?

[13:51] {strider} yeah

[13:51] {lasertrev} everything ok?

[13:52] {strider} no lvl 1 data on some stocks.

[13:52] {strider} for instance, CAT

[13:52] {strider} tried changing servers....tried restarting software

[13:52] {lasertrev} i will talk to you in pm

[13:55] {Threei} strider... make sure that under View - Show Level II you have Displya NYOB in Level II checked

[14:00] {Threei} FED'S BEIGE BOOK: LABOR MARKETS SHOW POCKETS OF SOME IMPROVEMENT; COMMERCIAL REAL ESTATE WEAKEST SECTOR

[14:04] {Threei} 12 DISTRICTS SHOWED STABILIZATION OR MODEST IMPROVEMENTS IN MANY SECTORS; LABOR MARKETS SHOW POCKETS OF SOME IMPROVEMENT

[14:04] {Threei} Market Internals update at 2:00pmET

[14:04] {Threei} - NYSE volume 710M shares, about 1% below its three-month average; advancers lead decliners by 3.3:1.

[14:04] {Threei} - NASDAQ volume 1.52B shares, about 6% above its three-month average; advancers lead decliners by 1.7:1.

[14:04] {Threei} - VIX index -3.5% to just over 20.00

[14:06] {strider} aig bounce?

[14:06] {nemo} oil almost $82

[14:07] {fernp} lol, AGAM still around 14.50

[14:07] {Threei} lol

[14:08] {Threei} one-legged snail moving in mollasses

[14:09] {strider} turns out I

[14:09] {strider} 'm not getting lvl 1 on listeds

[14:10] {Threei} [13:55] {Threei} strider... make sure that under View - Show Level II you have Displya NYOB in Level II checked

[14:11] {strider} all that stuff is greyed out on mine

[14:11] {Threei} click on level 2 window first

[14:11] {Threei} then go to menu

[14:11] {Threei} it's greyed out if some other window is active

[14:12] {strider} cat

[14:13] {strider} I've change it on all lvl 2s. no difference .

[14:13] {strider} Do I need to restart software?

[14:14] {Threei} should have to...

[14:14] {Threei} shouldn't

[14:14] {lasertrev} try AIG or SPY

[14:14] {strider} This just changed all by itself. I didn't go through unchecking stuff. :)

[14:14] {strider} All 3 letter stocks same way. no lvl 1

[14:14] {nemo} how about if I just send him my format file...It works in mine

[14:15] {strider} Well this worked fine until an hour ago....

[14:15] {nemo} oh

[14:15] {lasertrev} so AIG does not work?

[14:16] {strider} ah...solution.

[14:16] {strider} gremlins.

[14:16] {nemo} that's what we used to call it when I was working on networks

[14:16] {strider} had checked show nasdaq only

[14:16] {nemo} OH! that's Lasertrev's fault

[14:17] {strider} but I swear, I did not have sexx with that woman...Monica Lewinsky

[14:17] {nemo} depends on what your definition is

[14:17] {lasertrev} r u good now?

[14:17] {nemo} of "is" is

[14:17] {strider} Yes. But I'm still holding you responsible.

[14:17] {Threei} that's the spirit!'

[14:18] {Threei} and btw... guess who is on TV

[14:18] {lasertrev} np, I have thick skin

[14:18] {strider} Monica?

[14:18] {nemo} Valery Bertinelli?

[14:18] {Threei} thick skin is good... gives us an excuse to use sharper nedles

[14:19] {Threei} nemo... changing orientation?

[14:19] {nemo} armor piercing rounds

[14:19] {strider} bigger petards

[14:19] {Threei} I am content with 2x4 endowed with rusty nails

[14:20] {strider} bcrx?

[14:20] {Threei} BCRX Hearing recent strength being attributed to positive mention by Michael Murphy

[14:20] {Threei} - Note: on 9/30 the Murphy newsletter reiterated BCRX as a Top Buy

[14:21] {Threei} (US) President Obama: Winding down TARP portions aimed at larger banks; major banks that were in critical condition in 2008 require no new Govt assistance

[14:21] {Threei} - Larger limits on SBA-Guaranteed loans will help small businesses; too little credit flowing to small businesses

[14:21] {Threei} - To improve small business lending, essential to make more credit available to community lenders

[14:21] {strider} well then let's have at it.

[14:21] {nemo} I try to stay at least 600 yards away.

[14:22] {strider} from all petards?

[14:22] {nemo} no.....

[14:22] {nemo} ....targets

[14:23] {nemo} wow, apple has had quite the day

[14:23] {nemo} aig break of .25

[14:26] {Threei} probably

[14:28] {strider} +.11 bcrx

[14:28] {strider} thank goodness for small favors

[14:29] {fernp} with EURO/DOLLAR at almost 1.50 is really cheap for an european (like me) to buy music and books in amazon

[14:29] {fernp} Amazes me, I've just bought 3 MJ's cds for 17 euros with shipping included

[14:31] {Threei} I would stll prefer a strong dollar

[14:31] {fernp} I will order a pizza, let's see how much it cost, loll

[14:31] {Threei} from USA??? :)

[14:31] {fernp} :)

[14:32] {nemo} wfc short break of .08?

[14:33] {Threei} nah

[14:33] {larisa} my mom once tried to send me box of peaches from one end of Russia to another :) not a good idea

[14:33] {Threei} but postmen were happy

[14:33] {Threei} mailmen?

[14:35] {larisa} my mom too, i did not have a heart to tell her the truth about condition of the peaches

[14:35] {Threei} good idea

[14:36] {Threei} if I ever see a need to ask someone how I look or something of this kind, I'll ask you larisa

[14:36] {larisa} you are not my mom

[14:37] {Threei} didn't think this one through, did I

[14:37] {larisa} lol

[14:37] {bkhmd} lol

[14:37] {Threei} :)

[14:38] {nemo} first higher low in cat in a while

[14:38] {Threei} WFC

[14:38] {nemo} break of .20

[14:38] {Threei} starts forming something breaky-shaped

[14:39] {strider} aig mnoving

[14:42] {strider} schl has interesting daily...trying to break today

[14:47] {Threei} Long Setup: WFC .20 break

[14:47] {Threei} if stays above .10

[14:59] {strider} ya still think WFC?

[15:00] {Threei} consolidates tighter and tighter

[15:00] {Threei} if market helps, certainly a candidate

[15:00] {nemo} look at aig

[15:04] {nemo} paint dry yet?

[15:05] {Threei} if I miss another trade because of typing to answer you...

[15:05] {nemo} oh yeah, my fault...

[15:05] {Threei} it ought to be someone's

[15:07] {Threei} USEG Files $100M common shelf (6.41, +0.11, 1.75%)

[15:08] {Threei} argh

[15:08] {nemo} what

[15:08] {strider} missed wfc because quotes were stuck

[15:08] {Threei} wow

[15:08] {nemo} what wow?

[15:09] {Threei} sheesh... nemo...

[15:09] {nemo} oh, strider

[15:09] {Threei} you sure your connection's fine strider? quotes are smooth like baby's butt here

[15:09] {strider} it was just stuck lvl 2 data....changing servers fixed it...but missed.

[15:09] {Threei} USEG, what a smackdown

[15:10] {nemo} strider...you know our bandwith?

[15:10] {Threei} (US) Pelosi: reaffirms any House Bill will include public auction

[15:10] {nemo} public plan?

[15:10] {strider} your bandwidth?

[15:11] {nemo} how much data capacity and speed you have

[15:11] {fernp} my pizza arrived. Have to go. Good evening everybody.

[15:11] {strider} nommial 5 mg. download

[15:11] {strider} nominal

[15:11] {nemo} oy...that's tight

[15:11] {Threei} take care fern, enjoy that pepperoni

[15:12] {Threei} 5 sounds low

[15:12] {nemo} yeah

[15:13] {nemo} wow

[15:14] {Threei} WFC Hearing downgraded at Rochdale (30.08, -0.38, -1.25%)

[15:14] {Threei} that's trhe reason for a drop??

[15:14] {nemo} perfect

[15:14] {Threei} watching for bounce entry

[15:14] {nemo} market dropping

[15:15] {nemo} aig strong

[15:15] {Threei} 30 break long

[15:15] {Threei} stop under .95

[15:15] {Threei} invalidated

[15:18] {Threei} reestablished

[15:19] {Threei} nope

[15:19] {nemo} wow

[15:23] {Threei} market is really nervous

[15:23] {nemo} like waiting for a pregnancy test

[15:24] {nemo} well...maybe not

[15:24] {Threei} red close today would be a thing of beauty

[15:24] {Threei} as another indication of topping

[15:24] {nemo} yeah, for us masochists

[15:25] {Threei} [09:55] {Threei} but my woprking assumption at this point is:

[15:25] {Threei} [09:55] {Threei} it's not a rally anymore,

[15:25] {Threei} [09:55] {Threei} it's last shakeouts before plunging,

[15:25] {Threei} [09:55] {Threei} market won't make it too easy for shorts

[15:25] {Threei} if we close in red, it will ber another and quite heavy adition to that side of argument

[15:27] {nemo} low volume day

[15:28] {Threei} but look how volume piocks up on this plunhe

[15:28] {nemo} yes

[15:28] {nemo} two red days in a row would be a first for a while

[15:32] {Threei} Market Internals update at 2:00pmET

[15:32] {Threei} - NYSE volume 950M shares, about 8% above its three-month average; advancers lead decliners by 1.1:1.

[15:32] {Threei} - NASDAQ volume 1.99B shares, about 6% above its three-month average; advancers and decliners about even.

[15:32] {Threei} - VIX index -0.3% to just under 21.00

[15:32] {Threei} that's not really low volume day

[15:32] {nemo} no, it's still below the recent average...arguably within same parameters as recent regular volume

[15:33] {Threei} what's recent?

[15:34] {Threei} 3 months sounds reasonable tome

[15:34] {nemo} my measurements are average of last 100 days

[15:34] {Threei} and this is truly drastically different from 3 month... got it

[15:35] {nemo} no...I was just being specific

[15:38] {Threei} White House's Summers: USD will remain top reserve currency for foreseeable future; World has no viable alternative to USD

[15:38] {Threei} - takes long term Govt indebtedness 'seriously'; deficits in the short term are required to offset lack of spending in private sector; deficits to become a concern when private spending expands

[15:38] {Threei} - administration budget should ensure debt levels move back to sustainable, steady, or declining pace

[15:40] {bkhmd} Good Night all

[15:40] {bkhmd} Thanks Vad for the lesson

[15:41] {Threei} take care bkhmd

[15:41] {Threei} wait.... what lesson?

[15:45] {nemo} talking about sheep again, Vad?

[15:47] {Threei} huh?

[15:50] {Threei} guys, I think we are seeing the top finally

[15:51] {dptl} have a good evening all

[15:52] {Threei} take care dp

[15:53] {larisa} bye all :)

[15:53] {Threei} yake care larisa

[15:54] {larisa} :)

[15:54] {Threei} lackluster day

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening, see you tomorrow

[16:03] {lasertrev} have a good night vad

[16:03] {nemo} nitall

[16:03] {lasertrev} later nemo

[16:03] {nemo} LT