Aug 21 2009

Just waiting for the summer to end.

Session Time: Fri Aug 21 00:00:00 2009

[08:49] {nemo} well the rally continues

[08:53] {Threei} why wouldn't it

[08:54] {nemo} I wasn't looking for a reason

[08:54] {Threei} broad call for reversal was too, ummm, broad

[08:54] {nemo} yeah

[08:54] {nemo} By the way...a preemptive "You're home already, Vad"

[08:56] {Threei} sigh

[08:58] {cosmo} BRCD

[08:58] {nemo} aig

[09:00] {cosmo} * Fiscal Q3 revenue $493.3 mln, lower than estimate and Q2

[09:00] {cosmo} * EPS excluding items $0.12 vs Street view $0.11

[09:00] {cosmo} * Shares fall 5.6 pct after-hours

[09:00] {cosmo} * CEO says predicting recovery "like grabbing water"

[09:01] {cosmo} what goes down, must float up

[09:01] {cosmo} sorta

[09:04] {Threei} hmmm

[09:04] {Threei} dunno cosmo

[09:04] {Threei} I just tested your theory

[09:04] {magoo} morn

[09:04] {cosmo} what gets pushed down, must float back up?

06[09:04] * nemo slaps magoo around a bit with a large trout

[09:05] {Threei} aside of hitting my toe, iron didn't do any good after falling down,

[09:05] {Threei} certainly no slightest attempt to float up

[09:05] {Threei} magoo :)

[09:05] {magoo} so vad..what was verdic on getco rte?

[09:05] {cosmo} use an empty, sealed vessel....

[09:06] {Threei} great if there are shares at the price you want,

[09:06] {Threei} instant fill or kill, speed is next to lightening,

[09:06] {Threei} saves a bunch on pass-through,

[09:07] {nemo} no secondary routing though

[09:07] {Threei} since you'd have to try another route if there are no shares on GETCO, and at the time being there is no routing out on it,

[09:07] {Threei} best way to use it is:

[09:07] {Threei} set hot key for it and for the second route,

[09:08] {Threei} so you can hot both of them in a quick succession if GETCO doesn't get you shares,

[09:08] {Threei} probably forget it if there is a very fast stock you want

[09:09] {Threei} not because it's slow but because you'll lose some time on an attempt

[09:10] {Threei} We will be able to use it to its full advantage when Bear delivers smart route that goes to GETCO first,

[09:10] {Threei} then switches to other routes

[09:12] {magoo} ok

[09:12] {Threei} in case you want to try, I set keys:

[09:12] {Threei} Shift+G to buy on GETCO,

[09:13] {Threei} Shift + B market buy smart route,

[09:13] {Threei} Ctrl+G to sell on GETCO,

[09:13] {Threei} Ctrl+S market sell smart

[09:14] {magoo} what u watching?

[09:14] {magoo} rtk may be a play

[09:14] {Threei} can add anything you want to bid, offer, use other routes etc, as long as you can remember them, but the general idea is:

[09:14] {magoo} CRM too

[09:14] {Threei} all buys start with shift, all sells start with Ctrl

[09:17] {Threei} Fed's Bullard: Antendees of the Jackson Hole symposium are "cautiously optimistic" - TV interiew

[09:17] {Threei} - States that the economy is on track to see positive growth in 3rd and 4th quarters

[09:17] {Threei} - Households continue to be very cautious on spending

[09:18] {Threei} I don't see news RTK

[09:19] {dino} gm all

[09:19] {Threei} dino :)

[09:26] {fernp} good morning everybody

[09:26] {Threei} fern :)

[09:27] {Threei} BAC new high on daily

[09:30] {nemo} aig

[09:30] {Threei} 35 yesterday's high

[09:31] {nemo} 34.99 today

[09:31] {nemo} you take that break of .30 mags?

[09:31] {magoo} no

[09:32] {Threei} Long Setup: BAC .40 break

[09:32] {Threei} if holding above .35

[09:33] {magoo} afterhrs AIG got low as 31.40

[09:36] {bluejet} Vad, is BAC long setup still valid?

[09:36] {Threei} no, but may reestablish itself if consolidates in this range

[09:38] {magoo} AIG hammer

[09:38] {nemo} aig support a .25...maybe

[09:38] {magoo} vad bouncer?

[09:38] {Threei} shrug

[09:39] {Threei} BAC is reestablished, but needs market help

[09:41] {nemo} aig, can you say "volatility"

[09:41] {dino} showing gaps 9438,1628,1018

[09:43] {Threei} Preview: Fed Chairman Bernanke scheduled to speak at the Kansas City Fed's annual symposium at Jackson Hole at 10amET

[09:43] {Threei} **the speech topic is "Reflections on a Year of Crisis." A prepared text is expected but there will be no Q&A.

[09:48] {dino} sm s scsc .80, bstop .11

[09:49] {Threei} AIG... impossible to call, but feels like explosion is coming

[09:49] {_phreeboy} s & p at top of consolidation range between 7/31-8/14, do you take that into account?

[09:49] {nemo} ex, or im

[09:50] {Threei} I can't take that into account until it does something: breaks that level or gets rejected

[09:51] {Threei} simply being there is not much indicative by itself

[09:51] {Threei} it's what it does aroiund the resistance that matters

[09:53] {fernp} HIG pullback, Vad?

[09:54] {Threei} market is still selling

[09:54] {fernp} ty

[09:54] {nemo} bac holding .33 support

[09:56] {nemo} when's the jet setter, ese, get back?

[09:57] {wulff} LVS in .10

[09:57] {Threei} HIG should dive closer to .50 now,

[09:57] {nemo} frickin bac

[09:58] {Threei} see if market puts double bottom is, and try to get HIG as close to .50 as possible

[09:59] {Threei} got away

[10:00] {Threei} *JULY EXISTING HOME SALES: 5.24M V 5.00ME (+7.2% M/M)

[10:00] {Threei} - Prior revised from 4.89M to M

[10:00] {Threei} - Median existing home price $ v $K in June, % m/m, -% y/y.more... (related XHB SPY SHY )

[10:00] {nemo} oh boy

[10:01] {Threei} *FED'S BERNANKE: GLOBAL ECONOMY STARTING TO EMERGE FROM RECESSION; RECOVERY TO BE SLOW AT FIRST

[10:02] {nemo} volumes across the board 2X

[10:03] {bluejet} vad, did you take bac?

[10:03] {Threei} no

[10:04] {bluejet} thx

[10:08] {Threei} need some pullbacks to start outlining setups...

[10:09] {magoo} yea

[10:09] {Threei} this sudden spike out of slow selling is not something playable

[10:09] {nemo} housing report

[10:10] {magoo} c rocket vad

[10:10] {Threei} they all are

[10:11] {Threei} which one are you willing to chase?

[10:12] {Threei} .76 if market greens again

[10:12] {Threei} with stop under .70

[10:12] {dino} zumz

[10:12] {magoo} rimm pullbk boss

[10:13] {Threei} need RIMMunder .60 to get interested

[10:13] {magoo} ok..i been off on it basd

[10:14] {Threei} .80 break is possible on it with stop under .60, but more of a crapshoot

[10:15] {Threei} WFC

[10:15] {Threei} Long Setup: WFC .90 break

[10:15] {Threei} if holding above .85 for hardcore sxcalpers

[10:15] {Threei} above .80 for the rest

[10:16] {fernp} in

[10:16] {magoo} in

[10:17] {Threei} C 1:1

[10:17] {nemo} this is going to be a 200 point day

[10:17] {fernp} ty half out

[10:17] {nemo} the euphoria is nuts

[10:17] {Threei} GETCO worked like charm for C entry

[10:17] {Threei} WFC 1:1 for scalpers

[10:18] {bluejet} I pared BAC but missed WFC. Is it possible to play a sound when there is an alert?

[10:19] {Threei} yes

[10:19] {bluejet} how do I set it up?

[10:19] {Threei} who did that recently guys, could you help out?

[10:20] {Threei} oh wait, you are using mibbit

[10:20] {bluejet} yes

[10:20] {Threei} I sdon't think it's doable on it, gotta use mirc

[10:20] {bluejet} OK. I will take a look. Do I still use the same login on mirc?

[10:21] {nemo} mirc is stand alone software you have to set up

[10:21] {Threei} sure, login info is server-based... server doesn't care how you connect

[10:21] {Threei} it sees you, it kicks you out

[10:22] {Threei} well... unless you know magic words, lol

[10:22] {bluejet} I know the magic words. thanks

[10:23] {Threei} me too... kreks peks pheks, isn't it

[10:23] {Threei} ok, never mind... russian fairy tale :)

[10:23] {_phreeboy} thank you wfc :)

[10:24] {Threei} welcome

[10:24] {Threei} not much but heck... when things just spike like this and refuse to pullback, there are no setups

[10:24] {dino} bjk

[10:24] {Threei} WFC just gave an unusually big delay after another market spike

[10:24] {dino} too thin

[10:25] {Threei} lol

[10:25] {Threei} if saomething is too thin for dino, you know it IS thin

[10:25] {nemo} Anall nathrach, oorfas bethud, dorhiel dienvay

[10:25] {dino} lol, look at it 23.83/24.30; 14k

[10:25] {Threei} we speak arameic here now?

[10:25] {nemo} magic words

[10:25] {nemo} Charm of Making

[10:27] {Threei} did C really hit 1:2 over .85? didn't watch it at the time

[10:27] {magoo} yes

[10:27] {magoo} valid

[10:27] {fernp} yes Vad

[10:27] {Threei} cool... C 1:2 then!

[10:28] {Threei} a bit late but heck...

[10:28] {Threei} consider it an indication of me getting slow in my old age

[10:30] {fernp} HIG pulling back

[10:30] {Threei} market pulled back on decreasing volume

[10:30] {Threei} BAC nice drop

[10:32] {Threei} Long Setup: BAC .45 break if holding .40

[10:34] {fernp} in

[10:36] {wulff} where did you enter C?

[10:36] {nemo} .76

[10:36] {Threei} [10:12] {Threei} .76 if market greens again

[10:36] {Threei} [10:12] {Threei} with stop under .70

[10:41] {wulff} options expire day

[10:43] {wulff} expected more out of HURN...

[10:46] {dino} scsc tighten bstop to .30

[10:47] {dino} cov +.50

[10:52] {dino} rbcn

[10:54] {Threei} no go BAC'

[10:54] {fernp} stopped

[11:00] {wulff} end of day predictions?

[11:00] {Threei} wow... 5 hours in advance?? :)

06[11:01] * magoo slaps laserdave around a bit with a large trout

[11:01] {Threei} magoo

[11:01] {Threei} oh, never mind

[11:01] {Threei} you got it :)

[11:03] {laserdave} thanks gooby

[11:04] {magoo} no prob:)

[11:05] {magoo} quote server vad?

[11:06] {Threei} 7

[11:07] {Threei} shakeout BAC...

[11:07] {Threei} rude and generally unpleasant

[11:11] {magoo} short WFC here

[11:11] {magoo} target .fitty area

[11:11] {nemo} whatch .76 area Mags

[11:11] {magoo} in

[11:11] {magoo} .87

[11:18] {magoo} .96 stop

[11:19] {dino} sm s gbx .60

[11:27] {magoo} not liking wfc here

[11:27] {Threei} {WFC} ???.... you... you....

[11:34] {magoo} out...futes may bounce

[11:35] {nemo} you were right at the VWAP on WFC

[11:36] {magoo} dunno..its consolidating

[11:36] {magoo} could break either way

[11:37] {magoo} but bacon moves up

[11:37] {nemo} yeah the 200 period ma is rising but flattening

[11:37] {magoo} so shoulkd follow bacon

[11:37] {magoo} prob a good long here

[11:42] {nemo} How's the coma vad?

[11:42] {Threei} as always

[11:42] {Threei} pleasant

[11:53] {Threei} it's getting personal between me and BAC

[12:02] {magoo} short wfc ,92

[12:02] {magoo} lets try iot again

[12:02] {magoo} .00 stop

[12:16] {magoo} sigh out

[12:16] {Threei} market is absdolutely flatlined

[12:44] {dino} .

[12:44] {nemo} ?

[12:46] {dino} power surge

[12:49] {fernp} have to go. see you all on monday. have a nice weekend all

[12:49] {dino} magoo booted, can't get back

[12:49] {Threei} have a good one fern

[12:49] {Threei} it's almost over

[12:49] {Threei} just a tad more till Labor day

[12:49] {magoo} back

[12:50] {Threei} he can dino... as soon as he rememners his username

[12:50] {dino} lol

[12:50] {Threei} which you would think he should, after all these years

[12:50] {Threei} but no... lookie here:

[12:50] {Threei} 12:46] * magoo_ has joined #discussions

[12:50] {Threei} -----------

[12:50] {Threei} [12:46] * magoo_ was kicked by ChanServ

[12:51] {nemo} volume is creeping up ever so slightly on spy

[12:51] {dino} roflol

[13:10] {dino} kno, thin

[13:13] {dino} scsc l .00, stop .79

[13:24] {magoo} .

[13:41] {dino} i froze that stock, stop to .95

[13:43] {nemo} if the market weren't due for a bounce I'd say RIMM is dangerously close to a short on the 5 minute

[13:44] {nemo} Now I'm outhinking myself...reminds me of the guy in "Princess Bride" deducing whether his drink was poisoned

[13:44] {nemo} ....he died, by the way

[13:45] {dino} scanners red

[13:46] {dino} lol nemo, i remember that

[13:47] {nemo} "I've seen much worse cases than this"

[13:47] {dino} scsc stopeed

[13:47] {nemo} "Have fun storming the castle

[13:47] {nemo} "My name is Ynego Montoya, you killed my father...prepare to die"

[13:51] {nemo} Mmmhhhhh...it's rough being the only "coupla' sandwiches short of a picnic" type when ese isn't around

[13:54] {dino} igk l .31

06[14:03] * nemo slaps dino around a bit with a large trout

[14:09] {magoo} BACKKKKKKKKKKKKKK

[14:09] {nemo} oh yahoo...

[14:31] {Threei} yawn

[14:32] {Threei} oh boy... my very very first camera:

[14:32] {Threei} http://www.cameramate.com/product_info.php?products_id=4489

[14:38] {nemo} bored, huh?

[14:39] {dino} lol orrf

[14:40] {nemo} Carl Orff? Karmina Burana?

[14:40] {dino} nice spread +2

[14:40] {nemo} your kinda' trade

[14:41] {dino} 100 shares maybe

[14:52] {magoo} vad, we in anything?

[14:52] {nemo} you want me to vad?

[14:52] {Threei} as usual

[14:52] {nemo} coma

[14:52] {Threei} right

[15:20] {Threei} AIG

[15:20] {Threei} bounce candidate

[15:20] {Threei} .10 break

[15:20] {Threei} if holding 33

[15:21] {nemo} in

[15:21] {nemo} out

[15:30] {nemo} rude of aig again

[15:33] {nemo} really rude of aig

[15:33] {Threei} pullback under .10, let's try reentry

[15:34] {wulff} +.11 Rimm

[15:35] {Threei} :)

[15:36] {Threei} first strength from here AIG

[15:40] {Threei} grr

[15:40] {Threei} missed

[15:40] {nemo} were you sitting at .85

[15:40] {Threei} no, but was trying to catch the reversal

[15:41] {Threei} it came with no warning

[15:41] {nemo} yeah no real volume indication

[15:44] {Threei} House Majority Leader Hoyer says public option may have to be dropped in order to pass healthcare reform bill - Politico.com

[15:44] {Threei} - Hoyer still favors the public option, and Speaker Pelosi reiterated yesterday that the bill would not pass without a public option. But today Hoyer says first and foremost the bill must pass: "We believe the public option is a necessary, useful and very important aspect of this, but well have to see because there are many other important aspects of the bill as well."

[15:50] {Threei} 33 break, going to give it last try

[15:55] {Threei} US Administration official forecasting 10 year deficit in line with CBNO projection at $9T

[15:55] {nemo} who the .... is going to finance that!?

[15:56] {Threei} out

[15:56] {Threei} RIMM was the bouncer of choice

[15:56] {Threei} not AIG

[15:56] {nemo} Calling it a day...peace & qiet

[15:56] {Threei} a week too

[15:56] {nemo} yep

[15:56] {Threei} today is friday, right?

[15:56] {Threei} - Administration had previously forecasted $7.1T budget deficit

[15:56] {nemo} Well, in Australia it's Saturday

[15:57] {Threei} ah... reality is setting in

[15:57] {Threei} just 2T miss

[15:57] {Threei} no biggie

[15:57] {Threei} okay guys... Labor day closer and closer

[15:57] {nemo} that's been 6x the average deficit

[15:57] {Threei} have as good weekend

[15:57] {nemo} c ya

[15:58] {Threei} see you all on Monday

[15:59] {dino} later all, have a good weekend

[15:59] {larisa} bye all :)

[15:59] {magoo} yup..ty

Aug 20 2009

Not much happened aside of AIG momentum-fuelled run. August is slowly winding down...

Session Start: Thu Aug 20 01:23:07 2009

[08:50] {Threei} INITIAL JOBLESS CLAIMS: 576K V 550KE; CONTINUING CLAIMS: 6.241M V 6.215ME

[08:50] {Threei} - Prior jobless claims revised from 558K to 561K

[08:50] {Threei} - Prior Continuing Claims revised from 6.202M to 6.239M

[08:51] {nemo} that should dampen things a bit

[08:52] {Threei} caused whole 10 points NQ drop

[08:52] {nemo} august somnolence

[09:06] {fernp} good morning everybody

[09:06] {nemo} another optimist

[09:07] {fernp} sorry

[09:07] {nemo} just don't do it again

[09:07] {Threei} fern :)

[09:08] {magoo} morning

[09:08] {nemo} Magus :)

[09:08] {Threei} magoo :)

[09:09] {cosmo} PTEM might heal

[09:09] {dino} gm all

[09:09] {cosmo} watch 20 action

[09:09] {dino} shld blood

[09:09] {nemo} bad earnings

[09:09] {nemo} employment ba too

[09:09] {nemo} damn sheep

[09:09] {Threei} dino :)

[09:10] {cosmo} ba ba nemo

[09:12] {magoo} what u watching vad?

[09:12] {nemo} coma

[09:12] {nemo} oops...sorry...that comes later

[09:14] {Threei} AXL

[09:14] {Threei} BAC

[09:14] {cosmo} PETM 20 test coming

[09:14] {Threei} don't have anything constructive yet

[09:20] {magoo} hurn too vad

[09:21] {Threei} yeah...

[09:27] {magoo} shld vad crushed

[09:27] {nemo} [09:09] {dino} shld blood

[09:31] {cosmo} PETM went stupid on me

[09:34] {Threei} Long Setup: BAC 17 break

[09:34] {Threei} if stays above 16.90

[09:35] {magoo} in

[09:35] {magoo} pretty g gopod pllbk hurn

[09:35] {Threei} Long Setup: AXL .65 if stays above .50

[09:36] {magoo} aig rtk

[09:38] {Threei} AIG another squeeze is on

[09:38] {magoo} big pllbk edap

[09:40] {dino} shld v sm l .00

[09:40] {Threei} Preview: Q2 US Mortgage Delinquencies due out at 10amET

[09:40] {Threei} **no estimate, prior quarter (Q1) was 9.12%

[09:42] {dino} s topped

[09:45] {Threei} AXL is reestablshed

[09:45] {Threei} risky one

[09:47] {Threei} let's modify it

[09:47] {Threei} .50 break if stays above .40

[09:47] {magoo} how much u looking for?

[09:51] {magoo} aig hits 30

[09:51] {nemo} wonder what the news is this time

[09:52] {magoo} ceo says will be avble pay bk govt tarp i heardr

[09:52] {nemo} huh?

[09:53] {Threei} BAC stop to .94

[09:54] {magoo} hurn losing

[09:55] {dino} last try shld sm .00

[10:00] {Threei} AUG PHILADELPHIA FED INDEX: 4.2 V -2.0E

[10:00] {Threei} *JULY LEADING INDICATORS: 0.6% V 0.7%E

[10:00] {dino} out shld .40, +1.40

[10:00] {Threei} *(US) Q2 MORTGAGE DELINQUENCIES: 9.24% V 9.12% PRIOR (Q1); highest reading on record

[10:01] {dino} toughb crrrooowwwwdddddd

[10:01] {nemo} whatsa' matter Dino?

[10:01] {larisa} nice dino :)

[10:01] {Threei} we lost our breath dino... envy, ya know

[10:02] {dino} ty larisa, you're the best

[10:02] {larisa} ty :)

[10:02] {nemo} oh, yeah, I was writing "are you strapped in" as your comment came across...thought you might be in for a rocket ride

[10:03] {dino} lol

[10:03] {nemo} RIMM broke nice out of 74.35

[10:09] {Threei} Long Setup: AIG .10 break half lot

[10:09] {Threei} if stays above .95

[10:10] {Threei} no worky

[10:11] {nemo} half lot good idea

[10:12] {Threei} IRBT Hearing awarded $35.3M order from US Army yesterday (11.47, +0.13, 1.15%)

[10:13] {fernp} HIG breaking hod

[10:17] {magoo} HURN read vad?

[10:18] {Threei} .50 break

[10:18] {magoo} AIG setts for next leg

[10:18] {Threei} yeah

[10:18] {Threei} that's what I had in mind with that .10 break

[10:19] {nemo} market shaking off the bad news today

[10:22] {magoo} it trades like a donkey vad..it takes critical levels and fails

[10:23] {dino} heeehaw

[10:24] {nemo} what Dino?

[10:24] {dino} donkey

[10:24] {nemo} as in?

[10:24] {Threei} lol

[10:24] {dino} magoo above (or another name for him)\

[10:25] {nemo} yeah...the analogy escapes me...what critical levels do donkey's reach and then fail?

[10:25] {cosmo} PETM hod = 20 fwiw

[10:28] {dino} lod 19.50

[10:28] {magoo} sigh..trying to teach u guys

[10:28] {dino} played it afterhours last night

[10:29] {nemo} huh? and huh?

[10:31] {magoo} 31 is coming RISKY

[10:31] {magoo} 32

[10:31] {nemo} what stock mags?

[10:32] {magoo} AIG

[10:32] {magoo} but its not easy

[10:32] {nemo} it's at 30.36, you think it's going to 32.00

[10:32] {magoo} 31

[10:32] {magoo} then 32 today

[10:32] {dino} don't get him started nemo

[10:33] {magoo} concur vad?

[10:33] {nemo} that was an earnest question

[10:33] {magoo} 31 soon

[10:33] {Threei} 31 yes

[10:33] {Threei} 32 - I'd havbe to reevaluate when we get there

[10:33] {nemo} I wasn't being my usual obnoxiously patronizing self

[10:33] {dino} 31 then 12 in month

[10:34] {magoo} i dont care about that

[10:34] {magoo} this is $$

[10:35] {magoo} out .93 TY vad

[10:35] {magoo} another point

[10:36] {Threei} here is 31

[10:36] {Threei} lol, BAC

[10:36] {fernp} and BAC 1:1

[10:36] {Threei} 1:1, half out

[10:36] {Threei} sat long enough for us to foreget qwe had it

[10:38] {magoo} 32 coming

[10:38] {Threei} yep...

[10:38] {Threei} mother of all squeezes

[10:39] {magoo} out here

[10:39] {magoo} another .80

[10:39] {Threei} wtg

[10:39] {magoo} 35 today...no shit

[10:42] {magoo} out again .82

[10:42] {magoo} 4 for 4 on it

[10:42] {Threei} good job

[10:42] {magoo} RISKY..gotta go change underwear

[10:42] {magoo} brb

[10:42] {Threei} things we learn here

[10:43] {magoo} [10:39] {magoo} 35 today...no shit

[10:43] {magoo} [10:39] {&

[10:43] {magoo} problem is it pullsbk hard....but WOW vad, last few days we have MOMOMOMOMOMOMOMOM

[10:44] {magoo} serious runners vad like ole days

[10:44] {Threei} well, with all the doom and gloom spread by wounded bears at the slightest hint of market pullback, no wonder

[10:47] {Threei} mesmerizing

[10:48] {Threei} and no news whatsoever

[10:49] {magoo} out .90 again

[10:49] {magoo} took cross 33

[10:49] {magoo} 34

[10:49] {magoo} now 35

[10:49] {magoo} moght have to revise my target :)

[10:50] {nemo} 40

[10:50] {magoo} 38

[10:50] {Threei} pullback time

[10:50] {Threei} hard one too

[10:52] {magoo} out .79 now

[10:52] {Threei} wow... for a minute T&S and Level 2 had some discrepancy

[10:52] {Threei} don't remember when I saw that on Laser

[10:52] {magoo} like 6 for 6 on it

[10:52] {magoo} GET AWAY HERE

[10:52] {magoo} losing power it feels

[10:53] {magoo} [10:39] {magoo} 35 today...no shit

[10:53] {Threei} when pullback comes it will be just as devastating for bulls as runup was/is for bears

[10:53] {nemo} volume has been dropping since 9:50

[10:53] {magoo} right vad, drop of 3 points

[10:54] {magoo} dont like it here long

[10:54] {magoo} pushing my luck

[10:54] {Threei} relax... you did great on it,

[10:54] {fernp} out HIG +.12

[10:54] {Threei} now let it rest a bit,

[10:54] {fernp} a bit faster than bac but not much more

[10:54] {Threei} then do this:

[10:54] {nemo} that's an understatement...ow...that hurt

[10:55] {Threei} when you feel it finished churning and shaking

[10:55] {Threei} and ready to resume

[10:55] {nemo} Hey Dino, Mags buying drinks tonight

[10:55] {Threei} skip first play you see,

[10:55] {Threei} it's most likely false attempt,

[10:55] {Threei} take second but with half shares

[10:55] {magoo} thanx..thats good advice

[10:55] {Threei} and trade it as you see fit with half of what you did in these 6 plays

[10:55] {magoo} cant win everyone

[10:56] {Threei} one biggest mistake you can make now is:

[10:56] {magoo} really got lucky

[10:56] {Threei} take the play, see it going against you, double down

[10:56] {Threei} this is what can destroy your winnings

[10:56] {magoo} yea..triple down..blow all stops lose like 5k OUCH

[10:56] {Threei} yup

[10:56] {Threei} happens to many after such winning streak,

[10:57] {Threei} caused by feeling that you know this stock now,

[10:57] {magoo} unfortunately...ive experienced that scenario

[10:57] {Threei} own it

[10:57] {Threei} can't lose on it

[10:57] {Threei} No stock is ever your friend

[10:57] {Threei} nor enemy for that matter

[10:57] {nemo} damn rimm C&H

[10:57] {Threei} they have no idea you exist

[10:59] {magoo} ive left following rimm last 3 sessions..ive been way off on it..

[10:59] {nemo} it's holding with q pullback

[11:00] {Threei} US Treasury to sell $42B 2-year notes, $39B 5-year notes, and $29B in 7-year notes

[11:06] {Threei} AIG pace picks up again

[11:13] {_phreeboy} what would you say AIG would have to hold to continue up?

[11:14] {cosmo} PETM test ....again

[11:14] {magoo} its not that kind of stok

[11:14] {Threei} I don't think there are technicals to AIG

[11:14] {magoo} it could easily red bar down to 31

[11:14] {nemo} volume has disappeare

[11:14] {Threei} it's a momo runner

[11:14] {Threei} they live in parallel universe

[11:19] {Threei} US CFTC and UK's FSA to enhance regulatory cooperation for oversight of energy futures markets

[11:19] {Threei} - the agencies will share regulations and disciplinary notices to increase cross border monitoring of oil markets

[11:21] {Threei} laugh all you want but BAC is coming on 1:2

[11:23] {fernp} I sold my BACs some centuries ago :)

[11:23] {Threei} I sold half

[11:23] {fernp} I know

[11:24] {Threei} here goes AIG murdering those who overstayed their welcome

[11:35] {cosmo} PETM test ....20 gonna melt at some point....

[11:39] {cosmo} people gotta feed their pets, ya know...

[11:44] {Threei} or not

[11:45] {cosmo} a big decision for us all

[11:45] {cosmo} the day is young

[11:45] {nemo} fas triang

[11:45] {nemo} trying

[11:46] {cosmo} time to walk the dogs

[11:55] {nemo} fas succeeded

[12:01] {Threei} hmmm

[12:01] {Threei} ese may have been hiding something from us

[12:01] {Threei} [ESE] Announces Contract Award for Its Thermoforming Business

[12:02] {Threei} and we thought he was a drummer?

[12:08] {nemo} http://www.marketwatch.com/story/aig-jumps-as-new-benmosche-strategy-fuels-hope-2009-08-20?siteid=rss&rss=1

[12:12] {wulff} HURN seems down for the count

[12:14] {Threei} yeah, watching it

[12:14] {Threei} was downgraded just now

[12:14] {wulff} carried it overnight, but out earlier

[12:15] {Threei} by no-name firm

[12:15] {wulff} the three shmoes

[12:16] {Threei} two

[12:16] {Threei} HURN Update: Shares cut to Neutral from Outperform at a boutique firm (Boenning & Scattergood) (19.48, +0.05, 0.26%)

[12:16] {Threei} Boenning & Scattergood count for two shmoes, right?

[12:16] {wulff} were they not cut pretty badly already?

[12:17] {Threei} well... there is always "more down"...

[12:23] {magoo} IGK crusheed vad

[12:24] {magoo} WOW

[12:24] {Threei} way too thin

[12:24] {magoo} someone KICXK VAD

[12:25] {Threei} why would you want to do that

[12:37] {dino} news igk?

[12:37] {Threei} the symbol is not in my newsfeed

[12:38] {Threei} can't find out

[12:39] {dino} nothing on yahoo

[12:43] {nemo} how's the coma vad?

[12:44] {nemo} that good...

[12:45] {nemo} fas testing top of range

[12:45] {Threei} sigh

[12:46] {dino} aef?

[12:47] {dino} had a nice nap

[12:49] {dino} aef dropping fast

[12:50] {nemo} you short it?

[12:50] {dino} no want long at .20

[12:51] {dino} not going to get there tho

[12:54] {magoo} vad AIG trying it seems

[12:55] {dino} aef sm l .83

[12:55] {nemo} indexes and fas pulling back

[12:59] {Threei} yes mags... but it's absolute 50/50

[13:03] {dino} stopped aef

[13:05] {Threei} you do know who is on TV, right?

[13:07] {nemo} Schwarzenegger

[13:08] {Threei} you wish

[13:08] {nemo} nah, not really

[13:13] {nemo} aig going fro 32

[13:13] {nemo} wow

[13:13] {nemo} got whiplash on that one

[13:14] {Threei} (US) President Obama: Affirms position on public health insurance option is 'unchanged,' calls option "a good idea, but not the only aspect of reform" - radio interview

[13:14] {Threei} - Reminder: Back on 8/17 White House Press Sec Gibbs said Obama prefers government health-insurance option. Over the weekend that the Obama administration signaled that it was ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system.

[13:27] {nemo} if aig doesn't stop @ 32.05 could be another good drop

[13:34] {fernp} HIG double bottom?

[13:35] {Threei} can't tell...

[13:36] {nemo} Hig's riding the 200 period moving average right now

[13:41] {nemo} aig dropped to r3

[14:01] {dino} aef rinsed

[14:03] {nemo} gotta' go... c u 2 maw row

[14:04] {fernp} bye nemo

[14:05] {Threei} take care nemo

[14:13] {magoo} vad AIG trying

[14:34] {_phreeboy} from this point what are the chances of AIG going long (own it and considering holding overnight)?

[14:35] {Threei} 50/50

[14:35] {Threei} total gambling

[14:35] {Threei} this thing can open at 40 and at 15 tomorrow with the same odds amd easiness

[14:36] {Threei} feel like in casino?

[14:37] {Threei} SBUX WSJ: Company to begin charging approx $0.25 more for certain drinks, less for others; effective Thursday in certain cities

[14:37] {Threei} - Customers to pay more for larger and complex drinks; less for smaller and more basic drinks

[14:37] {_phreeboy} better odds at craps with right hedge bets

[14:37] {Threei} there you go

[14:37] {Threei} I can't imagine why you would want to take it overnight - other than pure gambling

[14:38] {Threei} volatility is extreme, gaps can be huge

[14:38] {Threei} trading is about risk control

[14:38] {Threei} and you give up any resemblense of it by taking home such monster

[14:41] {Threei} how's this for volatility?

[14:43] {_phreeboy} do you use trend lines?

[14:43] {Threei} yes

[14:45] {fernp} BAC bounce?

[14:45] {Threei} I doubt it

[14:45] {Threei} gotta give them more room to fall before bounces become likely

[14:46] {Threei} this is that interim stage, you know...

[14:46] {Threei} when each leg down seems to be good enough for bounce

[14:46] {fernp} yes only five cents drop

[14:46] {Threei} but in reality leads to endless stops

[14:46] {Threei} jump in too early a few times,

[14:46] {Threei} and those stops however well controlled, eliminate all you made before

[14:49] {fernp} agree

[14:50] {fernp} Unfortunately, I have experienced many times what you're saying

[14:50] {dino} igk

[14:51] {dino} sm l .51 wide, gappy

[15:08] {Threei} US) US House Speaker Pelosi: Cannot pass a bill in the House that is lacking a public option

[15:08] {Threei} - Note: Pelosi in the past has noted that a public option has strong support

[15:16] {Threei} breakout or fizzle out?

[15:17] {Threei} you gotta give it to the market... what a perfection in finding the way to frustrate those who follow "normal" logic

[15:17] {Threei} who didn't "know for sure" the uptrend has ended

[15:44] {fernp} have a nice evening. see u tomorrow

[15:44] {Threei} take care fern

[15:56] {Threei} AIG dump on the close

[15:56] {Threei} doesn't really mean much

[15:56] {Threei} cxan be justr prfit taking

[15:56] {wulff} Tried to grab a RIMM long here but not in the mood

[15:56] {Threei} only better typed

[15:56] {wulff} teh stock that is

[15:56] {wulff} the

[15:56] {Threei} too close to close

[15:57] {wulff} entered the 3:30 run

[15:57] {Threei} okay guys... August is almost over

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening

[15:57] {larisa} see you :)

[15:57] {Threei} see you tomorrow

[15:58] {wulff} LAter all

[16:01] {magoo} ty vad everyone

Aug 19 2009

Nice even though boring (what else is new) day. HURN, CAT, RTK, AIG scalps and nice long trade on AXL. With all the traditional August inactivity, we are fairly consistent - in both profits and boredom for hours while market is locked in a tight range.

Session Time: Wed Aug 19 00:00:00 2009

[08:34] {Threei} Yale Economist Shiller: forecast calls for house prices to increase 4% over next 5 years; economy will be more predictable

[08:34] {Threei} and may be subject to another housing bubble - CNBC

[08:59] {fernp} good morning everybody

[08:59] {larisa} gm :)

[09:00] {Threei} fern, larisa :)

[09:01] {dino} gm all

[09:01] {Threei} dino :)

[09:03] {cosmo} cers

[09:03] {cosmo} 2.45 pre mkt high fwiw

[09:03] {Threei} 8:30:14 AM

[09:03] {Threei} Cerus Corporation INTERCEPT blood system for platelets approved in Switzerland

[09:03] {Threei} - The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.

[09:03] {Threei} - The regulatory review process by Swissmedic is similar to the regulatory processes in France (Afssaps) and Germany (Paul Ehrlich Institute), in which INTERCEPT-treated blood components have been approved as a biologic for patient use.

[09:15] {magoo} morning

[09:16] {Threei} magoo :)

[09:18] {dptl} good morning

[09:22] {Threei} dp :)

[09:28] {Threei} no clear caandidates so far

[09:29] {Threei} will wait for a scanner to spit out something worthy

[09:29] {magoo} maybe HURN AXL shorts..come a long way

[09:29] {magoo} AA crushed

[09:30] {nemo} cat

[09:32] {cosmo} CERS: 2.45 pre mkt high fwiw

[09:32] {Threei} AXL non-stop

[09:33] {Threei} AXL Hearing PT raised to $12 from $9, reiterated at Strong Buy at Buckingham (timing uncertain) (6.08, +0.38, 6.67%)

[09:34] {Threei} Long Setup: HURN .50-

[09:34] {Threei} late... see if pulls back

[09:34] {nemo} cat bolted

[09:36] {Threei} if caught HURN on pullback to .51, feel free to exit here

[09:38] {Threei} XOMA Hearing strength attributed to postive mention on thestreet.com (0.92, +0.11, 14.15%)

[09:40] {Threei} Short Setup: AXL .15 half lot

[09:40] {Threei} if stays below .25

[09:43] {wulff} +.65 FAS

[09:43] {Threei} Long Setup: CAT half lot .05

[09:44] {nemo} things moving fast this morning

[09:44] {Threei} take scalp here

[09:44] {magoo} out here CAT

[09:45] {magoo} .33 TY

[09:45] {Threei} Long Setup: AXL .40 half lot

[09:45] {Threei} if stays above .25

[09:46] {magoo} in

[09:47] {Threei} not a scalp for me if works

[09:48] {nemo} axl?

[09:48] {magoo} feels 7

[09:48] {Threei} 1:1

[09:48] {fernp} out TY

[09:49] {Threei} nemo... what else could the comment be about?? :)

[09:49] {Threei} fern :)

[09:49] {magoo} out .51

[09:49] {nemo} just making sure, sorry too many accounting classes

[09:49] {magoo} TY will reload prob

[09:49] {Threei} half out .62

[09:49] {Threei} offering second half .80

[09:50] {Threei} direct hit

[09:52] {nemo} getting dizzy watching L2 on axl

[09:53] {Threei} that's what momo looks like

[09:53] {Threei} remember my comments a few days ago on recognizing momentum trades?

[09:53] {nemo} kinda'

[09:53] {Threei} what gave a clue to "not a scalp"

[09:54] {nemo} bid side imbalance and speed of transactions

[09:54] {Threei} when they trade like this, you won't even be able to spot that imbalance

[10:08] {BillyD} .

[10:08] {magoo} ..

[10:09] {fernp} ...

[10:16] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:16] {Threei} **consensus expectations:

[10:16] {Threei} Crude: +1.2Me

[10:16] {Threei} Gasoline: -1.7Me

[10:16] {Threei} Distillate: +400Ke

[10:23] {magoo} read on AXL HURN vad?

[10:23] {Threei} Long Setup: RTK .75 if stays above .65

[10:27] {Threei} if works, not a scalp for me

[10:28] {magoo} in

[10:29] {magoo} out .84 TY in .70 aggress

[10:29] {Threei} HURN explosion

[10:29] {magoo} may reload

[10:29] {magoo} [10:23] {magoo} read on AXL HURN vad?

[10:29] {fernp} out here TY Vad

[10:30] {Threei} 1:1, half out

[10:30] {Threei} DOE CRUDE:-8.4M V +1.2ME; GASOLINE: -2.2M V -1.7ME

[10:30] {Threei} DISTILLATE: -650K V +400KE; CAPACITY UTILIZATION: 84% V 83.7%

[10:31] {Threei} mags... if I had any you'd hear it

[10:39] {BillyD} CERS animal

[10:40] {Threei} wanted 3 break, chart was fair... couldn't bring myself to call it

[10:40] {BillyD} I took it for scalp

[10:40] {Threei} thin stock, if doesn't work - loss won't be controllable

[10:41] {BillyD} yeah, can smack you for double stop pretty quick

[10:42] {BillyD} you still in RTK

[10:42] {Threei} half with stop under b/e

[11:08] {Threei} yawn

[11:08] {Threei} even spam e-mails flow slowed down to a crawl

[11:09] {patience} cruise ship discount emails increasing

[11:26] {Threei} tje day SIRI starts moving, you know traders start scrapping the bottom of the barrel {G}

[11:27] {Threei} and QTWW

[11:27] {Threei} lol

[11:29] {magoo} HEY..i just took them lol

[11:33] {Threei} sigh

[11:40] {dino} .

[11:43] {Threei} I can see your point

[11:44] {Threei} I don't necessary agree with it but I see it

[11:45] {magoo} AXL trying vad

[11:46] {Threei} yes... spike off .50 was not something I could read at the time

[11:46] {Threei} it all but lost volume at the moment,

[11:46] {magoo} i just bringing it to your attention:)

[11:46] {Threei} could go easily either way

[11:46] {magoo} in case yoiu are comatose

[11:47] {Threei} yeah, I am trying to discern the pattern

[11:47] {Threei} to be ready if it repeats itself

[11:47] {Threei} hmmm

[11:47] {Threei} now you confuse me

[11:47] {Threei} what does my being comatose have o do with my trading?

[11:47] {Threei} how did it ever prevent me from calling trades?

[11:49] {Threei} really... next thing I know you guys start demanding that I trade sober...

[11:56] {Threei} Long Setup: AXL 7 if stays above 6.90

[12:00] {Threei} Long Setup: HURN 20 half lot

[12:00] {Threei} if stays above .85

[12:01] {Threei} EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys (1.64, +0.27, 19.71%)

[12:01] {Threei} Sonolith I-Sys is a novel, robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. The integrated lithotripter utilizes EDAP''s unique and patented electroconductive technology, an advanced shockwave approach differentiated by its superior ability to successfully disintegrate urinary stones in association with combined x-ray or ultrasound systems.

[12:01] {Threei} - The Sonolith I-Sys received CE mark approval in July 2007 and was launched in the E.U. in late 2007

[12:04] {fernp} HIG breakout

[12:04] {Threei} why not

[12:09] {fernp} out here

[12:09] {Threei} :)

[12:10] {fernp} lunch time. you know...

[12:10] {Threei} sheesh

[12:10] {Threei} why oh why didn't I notice AIG break of 25

[12:11] {Threei} that was chart to die for

[12:11] {larisa} agree :)

[12:11] {fernp} nice JBE

[12:12] {Threei} 15 cents consolidation range

[12:12] {Threei} {--- crying bitterly

[12:12] {Threei} pass me a tissue someone

[12:12] {larisa} use your fingers

[12:31] {Threei} US) House Energy and Commerce Committee has requested information from health insurance companies, including info on executive compensation

[12:31] {Threei} - Committee has reportedly sent letters to "dozens of insurers," including Aetna, Cigna, Humana, United Health and Wellpoint.

[12:31] {Threei} - In its letter to United Health, the committee asked for information on executive compensation, revenues and expenses, to be delivered by Sept 14th at the latest.

[12:32] {Threei} I can't believe this

[12:32] {nemo} Oh boy, here we go

[12:32] {nemo} 200 rubles a month

[12:32] {BillyD} that is pushing it

[12:32] {nemo} Da

[12:33] {Threei} larisa

[12:33] {Threei} why did we ever bother to immigrate?

[12:33] {nemo} mafia

[12:34] {Threei} communism is the same on any side of the ocean

[12:34] {nemo} yeah, but the likelihood of getting shot in Vancouver is significantly lower

[12:35] {Threei} you'd think so

[12:35] {Threei} Vancouver Shooting Spree: 8 Shot, At Least 2 Dead

[12:35] {Threei} Suspects at large in Vancouver shooting spree

[12:35] {nemo} no kidding?

[12:36] {Threei} n one of the worst acts of violence to ever hit Vancouver, two people were killed and six injured in a brazen early-morning shooting spree ...

[12:36] {Threei} Vancouver residents rocked by continuing shooting spree

[12:36] {Threei} Early-morning attack continues Vancouver shooting spree

[12:36] {Threei} Victim rushed to hospital; marks 32nd incident in city since January.

[12:36] {nemo} fcx vad

[12:36] {Threei} enough?

[12:36] {nemo} wow

[12:36] {nemo} yeah

[12:37] {Threei} I suspect dp....

[12:37] {dptl} ....nah...i am to old for that now...

[12:38] {nemo} what, arthritis in the trigger finger?

[12:38] {Threei} lol

[12:38] {dptl} lol

[12:38] {Threei} never thought I'd say that but here goes:

[12:38] {Threei} good one nemo

[12:38] {nemo} hurt, didn't it...

[12:38] {Threei} yes

[12:38] {Threei} but I work through the pain

[12:39] {nemo} tough being you, huh?

[12:39] {Threei} not if like good coma

[12:39] {nemo} Vad...super trader....women love him...men look up to him...sheep fear him

[12:40] {Threei} I am afraid to ask

[12:40] {nemo} yeah...that was over the top...sorry

[12:40] {nemo} Mags...

[12:40] {dino} lol

[12:40] {dino} he stepped out

[12:40] {nemo} oh...have to do it myself

06[12:40] * nemo slaps nemo around a bit with a large trout

[12:41] {Threei} but now I have a suspicion about who made the sheep joke during nasau seminar, when I showed sheep image to illustrate the concept of a stock following the market

[12:41] {nemo} nope, wasn't me...think it was grasshopper

[12:41] {Threei} nope, male voice

[12:42] {nemo} have no eye deer

[12:43] {Threei} lol, nice one from the e-mail:

[12:43] {Threei} I'd rather be out of a market wishing I was in,

[12:43] {Threei} then in a market wishing I was out.

[12:50] {Threei} AIG non-stop

[12:57] {Threei} magoo

[12:57] {Threei} you here?

[12:58] {Threei} sigh... have to do everything myself...

06[12:58] * Threei slaps laserdave around a bit with a large greeting sign

[12:59] {nemo} In honor of woodstock...

06[12:59] * nemo slaps laserdave around a bit with a large cast iron peace sign

[12:59] {nemo} 40th anniversary ya' know

[13:13] {magoo} back..dino made me do lunch run

[13:15] {magoo} we only live 40 minutes from wdstk

[13:15] {dino} cisg l .50

[13:21] {magoo} what we in vad..was out an hour

[13:21] {nemo} coma

[13:22] {nemo} I feel like Pavlov's dog

[13:22] {Threei} looking at AIG for bounce scalp

[13:22] {nemo} RIMM

[13:30] {nemo} I thought the market was supposed to keel over like the rest of the markets around the world today...sheesh

[13:30] {Threei} since when do we follow the world, and not the other way around

[13:30] {dino} maybe so nemo, maybe so not

[13:31] {nemo} I thought you were a canuck

[13:31] {nemo} I know, I'm just bored and today another example of the market doing what is least expected

[13:31] {dino} it's a good day to die.....

[13:31] {nemo} every day should be

[13:31] {dino} and the day's not over yet

[13:32] {nemo} nope

[13:39] {Threei} US) More than 200 New York auto dealers have withdrawn from "cash for clunkers" program - CNBC

[13:39] {Threei} - cite reimbursement delays

[13:41] {Threei} RMBS

[13:41] {Threei} chatter about settlement with NVDA'

[13:43] {nemo} so...is aig a dbi or a jbe?

[13:43] {Threei} neither

[13:44] {nemo} I figured you'd say that

[13:45] {magoo} what the hell is a dbi or jbe ??

[13:46] {nemo} oy

[13:46] {Threei} it's a creation of nemo's delirious state of mind

[13:46] {nemo} who's mind?

[13:47] {Threei} RMBS's happy

[13:47] {nemo} ahem

[13:47] {nemo} Jump-base-explosion (JBE) setups, 124, 125-128 practical examples of, 154-157, 201-205, 221-222

[13:48] {nemo} shall I continue?

[13:49] {nemo} Drop-base-implosion (DBI)setups, 124, 129 practical examples of, 167-170, 193-195, 198-200, 206-208, 214-216, 241-243

[13:49] {nemo} Guess where I got those?

[13:50] {Threei} Winnie The Pooh?

[13:50] {Threei} no wait

[13:50] {Threei} I know this one

[13:50] {Threei} Alice in Wonderland

[13:50] {nemo} Funny you should bring that up

[13:51] {nemo} Samuel Langhorn Clemens, before he died, buried a time capsule in which he said, when opened, would reveal a literary coup that would take the world by surprise.

[13:52] {nemo} In the first Edition of Alice In Wonderland, there was a title page illustration that did not appear in further editions

[13:53] {nemo} On the edge of the illustration were the initials "SLC" and as we know, Mock Turtle shares the same initials as his nome de plume, "Mark Twain"

[13:53] {nemo} We also know that Lewis Carrol was a friend of Clemens, and was a mathematician not known for his creative side

[13:54] {nemo} So...we shall see...but I digress...so where did I get those citations, VAD?????

[13:56] {nemo} O.K. fine... "Techniques of Tape Reading" by Graifer & Schumacher

[14:02] {fernp} enough for me. see you all tomorrow. have a nice evening

[14:07] {Threei} take care fern

[14:09] {nemo} RIMM testing HOD

[14:14] {nemo} aig decided to pop

[14:35] {nemo} spy and qs look like they might be ready to test support

[14:51] {dptl} ok....have a good evening all

[14:51] {Threei} take care dp

[15:07] {nemo} you o.k. Vad?

[15:07] {Threei} hmm?

[15:07] {nemo} thought I heard your chin hit the desk

[15:07] {Threei} nope, wasn't me

[15:08] {Threei} pillow's in place, so....

[15:08] {nemo} must have been Mag's head going through the reinforced concrete floor

[15:09] {Threei} could have... after all this years he still doesn't get the joke 'don't startle ostriches, the floor is concrete"...

[15:10] {nemo} hehehehe...having said that, when I lived in South Carolina, they made me where a helmet when I rode my motorcycle (even though it's a helmet optional state). They were afraid if I fell off my bike and landed on my head, I might damage the street.

[15:10] {magoo} EDAP nuts

[15:10] {Threei} yeah

[15:30] {Threei} AIG

[15:30] {Threei} feels like next wave up starts

[15:31] {nemo} how many shares you get mags?

[15:32] {nemo} .76 is 200 period moving average

[15:34] {magoo} of what?

[15:34] {nemo} aig

[15:34] {nemo} when Vad said it looked up

[15:34] {magoo} non..is it a call?

[15:34] {magoo} i scalped EDAP

[15:34] {nemo} no, but that doesn't necessarily stop you

[15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol

[15:35] {patience} .

[15:36] {Threei} who told you that mags

[15:36] {Threei} I do just fine sleeping through them

[15:37] {magoo} yahoo chat board

[15:37] {Threei} C TARP inspector to reportedly inspect Citigrou's asset guaranteees over taxpayer losses on approx $300B pool

[15:40] {Threei} Long Setup: AIG .75 if stays above .60

[15:40] {magoo} full?

[15:41] {nemo} 20 minutes left, this should be fun

[15:41] {Threei} yeah

06[15:41] * nemo puts the hemmarhoid pillow under his butt

06[15:41] * nemo straps on the seat belt

[15:44] {Threei} come on AIG, while we are young

[15:44] {nemo} Vad, we're not young

[15:44] {Threei} ok

[15:44] {Threei} come on AIG, while we are alive

[15:45] {magoo} odds?

[15:45] {Threei} shrug

[15:45] {Threei} 50.0000001

[15:45] {magoo} is one shoulder higher than other?

[15:45] {nemo} market's looking indecisive

[15:46] {Threei} modification for impatient:

[15:47] {Threei} Long Setup: AIG .70 break if stays above .60

[15:47] {magoo} oh no

[15:47] {Threei} less odds, smaller stop

06[15:52] * Threei kicks AIG in the rear

[15:53] {nemo} just don't make it do a faceplant

[15:55] {Threei} 1:1

[15:56] {Threei} [15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol {---- I demand an apology

[15:56] {Threei} severe umbrage here

[15:57] {magoo} dammit.grrrrrrrr, i apoliticize

[15:57] {Threei} you what?

[15:57] {nemo} he spells like you

[15:57] {magoo} what u said

[15:57] {nemo} severe umbrage here

[15:58] {Threei} last minutes scalp... how cool iss that, to rub it in for fern and Billy tomorrow

[15:59] {Threei} and dp

[15:59] {Threei} thank you all, have a good evening

[15:59] {larisa} bye all

[15:59] {Threei} see you tomorrow

[15:59] {nemo} wow, nice exit Vad

[15:59] {Threei} last minutes,,, why would I stay in

[15:59] {dino} out cisg .46 -.04

[15:59] {Threei} no sluightest intention to carry overnight

[16:00] {nemo} walk off home run

Aug 18 2009

To call this day slow would be an insult to turtles - they sure are faster. Couple scalps, couple ridiculously small stops and a whole lot of yawning.

Session Time: Tue Aug 18 00:00:00 2009

[09:00] {fernp} good morning everybody

[09:00] {Threei} good morning

[09:00] {BillyD} hi fern, Vad

[09:01] {fernp} morning Billy

[09:01] {magoo} morning

[09:02] {Threei} billy, magoo :)

[09:02] {nemo} gentleman :)

[09:02] {nemo} men :)

[09:02] {larisa} gm :)

[09:03] {nemo} Lari!!!!

[09:03] {Threei} nemo, larisa :)

[09:03] {nemo} market bouncing a bit on Target report

[09:03] {larisa} :)

[09:03] {magoo} hurn..sheesh..

[09:04] {larisa} wow

[09:04] {cosmo} 18.22 high so far

[09:04] {cosmo} hurn

[09:04] {magoo} is there news

[09:04] {BillyD} earnings magoo

[09:05] {cosmo} Announces Second Quarter 2009 Financial Results and Filing of Second Quarter Form 10-Q; Company Completes Restatement For Fiscal Years 2006, 2007 and 2008 and Q1 2009Business Wire(Mon 7:00pm)

[09:05] {BillyD} and a CC tomorrow

[09:05] {Threei} Monday, August 17, 2009 4:52:50 PM

[09:05] {Threei} Huron Consulting Group Files to restate Q1 EPS at $0.36 v $0.51 initially reported; CEO and CFO replaced

[09:05] {Threei} - Comments: senior management did not properly take into account the impact of the selling shareholders redistribution of the acquisition-related payments when determining the appropriate accounting treatment. In some cases, senior management was unaware of the redistributions. In other cases, senior management was aware of the redistributions but either misunderstood or misapplied the appropriate accounting guidance. As a result, the facts and circumstances surrounding the Shareholder Payments and Employee Payments were not fully described in representation letters previously provided to our independent auditors.

[09:05] {magoo} its avail short laser, but hey..might keep going

[09:06] {Threei} Monday, August 17, 2009 7:01:06 PM

[09:06] {Threei} Huron Consulting Group Reports Q2 $0.84 v $0.46e (not clear if comparable), R$166M v $173Me

[09:06] {Threei} - Q2 GAAP EPS $0.47 v $0.06 y/y

[09:06] {Threei} - Reaffirms FY09 sales forecast $650-680M v $690Me

[09:06] {Threei} - Q2 average number of full-time billable consultants +23% y/y

[09:06] {Threei} - Q2 Full-time billable consultant utilization rate was 69.6% v 66.8% y/y

[09:06] {Threei} - Q2 The average number of full-time equivalent professionals 854 v 863 y/y

[09:06] {Threei} - Q2 Average billing rate per hour $264 v $273 y/y

[09:07] {Threei} PALM Exec: Expecting to initiate the developer program in the US by the fall months (13.23, 0.00, 0.00%) (related AAPL )

[09:10] {cosmo} HURN tests 18 resistance

[09:10] {cosmo} hmmm ...careful...

[09:12] {magoo} it was 44 one month ago

[09:14] {cosmo} gee ...pretty good for pre mkt

[09:18] {patel} good morning

[09:18] {Threei} patel :)

[09:21] {dptl} good morning

[09:21] {Threei} dp :)

[09:25] {dino} gm all

[09:25] {Threei} dino :)

[09:26] {dino} hurn strange, sales est. look light

[09:27] {dino} turnaround tues.

[09:27] {nemo} having said that, if the stock was double the level a month ago, how does it look?

[09:27] {Threei} PIMCO's El-Erian: US stock rally has "hit a wall," reiterates valuations are ahead of fundamentals - TV interview

[09:27] {Threei} - PIMCO has been a "net seller" of mortgage debt over the last few weeks.

[09:27] {Threei} - Comments that PIMCO did participate in last week's 30 year treasury auction

[09:27] {Threei} - Trimmed risk in portfolio as the 'risk rally' has moved too far

[09:28] {Threei} someone's short I susp[ect

[09:28] {cosmo} hurn should hold 18 imho

[09:32] {nemo} It's 9:32, shouldn't we have 3 or 4 trades by now? :)

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

[09:33] {cosmo} we missed them i think

[09:33] {Threei} careful... you already expressed a wisdh yesterday... and it cam true

[09:34] {cosmo} GERN

[09:34] {cosmo} ...might heal

[09:35] {Threei} Long Setup: BAC .83

[09:35] {Threei} if stays above .75

[09:35] {magoo} in

[09:36] {fernp} in

[09:36] {patel} in

[09:36] {nemo} weird, I didn't get a fill

[09:38] {Threei} Long Setup: WFC .56

[09:38] {Threei} if stays above .50

[09:41] {Threei} BAC was 1 cent shy of 1:1, let's trail to under .80

[09:41] {Threei} don't want to get caught in market drop

[09:41] {Threei} out

[09:41] {patel} out

[09:41] {fernp} out

[09:43] {wulff} cat

[09:43] {Threei} just looked at it too

[09:43] {Threei} .80 break is tempting

[09:43] {Threei} let's see if it gives us nice tight support for a stop placement

[09:44] {nemo} cat looking short to me...I'm so pessimistic

[09:45] {nemo} .64 is R1 for cat

[09:47] {Threei} BAC stays intetestingly storng

[09:48] {nemo} looks like fas

[09:49] {Threei} let's try for double bottom?

[09:49] {Threei} .81

[09:49] {Threei} with stop under .75

[09:51] {magoo} HURN doing it

[09:53] {nemo} cat crash fever..nah nah nah

[09:53] {nemo} heat is getting to me

[09:54] {magoo} AXL

[09:55] {magoo} dam AXL was looking long .20 break

[09:55] {magoo} missed

[09:59] {dino} .

[09:59] {dino} any trouble w/room access? magoo can't get in

[10:00] {Threei} [09:57] * magoo_ was kicked by ChanServ

[10:00] {Threei} wrong nick

[10:00] {nemo} maybe if he goes to church and confesses his sins

[10:00] {magoo} HEY

[10:00] {Threei} HURN is doing it

[10:01] {wulff} I got shaken out

[10:01] {dino} sm l ctrp .25

[10:03] {Threei} BAC 1:1

[10:03] {fernp} out here TY

[10:03] {BillyD} same here

[10:03] {BillyD} ty

[10:03] {patel} ty

[10:05] {wulff} OK, back in .05

[10:05] {Threei} HURN?

[10:06] {wulff} yes

[10:09] {Threei} RIMM is trying to form C&H

[10:09] {magoo} AXL over 5

[10:09] {Threei} Long Setup: RIMM 73 if holding .80

[10:11] {magoo} out .18 TY VAD RIMM

[10:11] {Threei} :)

[10:11] {magoo} fast

[10:11] {tomg} me too, ty vad

[10:11] {Threei} welcome guys

[10:11] {Threei} easy money

[10:11] {magoo} was out before could right "in"

[10:11] {patel} nice job vad

[10:17] {Threei} not much volatility from the get-go

[10:20] {Threei} for the first 45 minutes NQ is locked within 10 points

[10:21] {magoo} but man..HURN and AXL crzazy

[10:22] {dino} jhx

[10:33] {dino} cstr sm l .50

[10:35] {dptl} ah...gotta to go.........see ya guys tomorrow or even monday...

[10:36] {nemo} put the pillow on the keyboard yet Vad?

[10:37] {fernp} bye dp

[10:39] {Threei} take care dp

[10:47] {dino} ctrp to .67

[10:48] {dino} out .67 ctrp, +.42

[10:50] {Threei} 90% of US bills carry traces of cocaine

[10:50] {BillyD} wow

[10:50] {nemo} old story

[10:51] {Threei} I guess now we know why people crave money so much

[10:51] {nemo} It was a higher percentage in the 80's :)

[10:54] {nemo} nice timing Dino

[10:56] {dino} ty

[10:56] {dino} sm l cisg .25

[11:00] {magoo} we in anything boss?

[11:01] {nemo} coma

[11:01] {Threei} you know...

[11:06] {dino} cstr stopped .18, -.32

[11:08] {dino} hgsi spike

[11:10] {magoo} BAC 17

[11:11] {Threei} HGSI DSG Comments that HGSI's Benylst lupus drug met primary end point in Bliss-52; through usage of its EDC technology

[11:11] {Threei} - Reminder on 7/20: HGSI: In a Phase III study, BENLYSTA met the primary endpoint in patients with s... (15.82, +0.56, 3.67%) more...

[11:12] {dino} cavm

[11:16] {dino} petd l .99

[11:24] {nemo} gotta' go c u 2 maw row

[11:25] {fernp} bye nemo

[11:25] {Threei} take care nemo

[11:26] {dino} cya nemo

[11:36] {Threei} deep freeze in the middle of the polar winter right in the center of permafrost

[11:36] {Threei} looking at T&S on NQ, I can't believe the pace

[11:36] {Threei} never saw it this slow

[11:36] {Threei} one print of 1 or 2 contracts every couple seconds

[11:40] {dino} one pint woud be better

[11:40] {Threei} gulp

[11:41] {Threei} yup... you are right... it IS better

[11:54] {Threei} what do we have, 2 for 3 and one invalidated?

[11:54] {Threei} booooring

[12:00] {magoo} vad give mwe a read AXL HURN palease

[12:01] {Threei} don't have any...

[12:02] {magoo} i said please

[12:03] {magoo} heres my read..i gerts high it rams up

[12:03] {Threei} want me to add sorry to match your uncharacteristic politeness?

[12:03] {magoo} .50 gets .90 area

[12:03] {magoo} axl

[12:09] {Threei} nice

[12:09] {magoo} A

[12:09] {magoo} X

[12:09] {magoo} L

[12:32] {dino} out petd .06, +.07 size

[12:38] {BillyD} LVS looks appealing 13 break with mkt help

[12:38] {Threei} quite

[12:42] {Threei} BAC .05 break too

[12:42] {BillyD} was noticing that

[12:43] {Threei} let's try it?

[12:43] {Threei} Long Setup: BAC .05 last shares

[12:43] {BillyD} yes

[12:44] {Threei} stop under 17 for hard core scalpers, under .95 for day traders

[12:45] {magoo} in

[12:45] {fernp} too late for me. have to go. see u all tomorrow.

[12:45] {Threei} take care fern

[12:45] {Threei} we will make sure to tease you tomorrow if BAC goes to 25

[12:46] {fernp} I'll read the log tonght

[12:46] {fernp} see you

[12:46] {Threei} :)

[12:50] {dino} cya fern

[12:53] {dino} strange, oih, uso up big, oil co. not really participating

[12:53] {dino} cisg stop to .58

[12:55] {dino} out cisg .55, +.30 slipped

[13:00] {Threei} wtg

[13:01] {patel} BAC doesnt want to go

[13:02] {Threei} doesn't want to drop either

[13:02] {patel} yup

[13:02] {patel} i guess it iwll going to hold on until after lunchtime buying comes back

[13:02] {Threei} don't overthink it... 6 cents stop, who cares

[13:02] {patel} yeah true

[13:02] {patel} u going to use 16.99 as a stop now

[13:03] {patel} since it is holding 17

[13:03] {Threei} yup

[13:04] {Threei} looks good to me

[13:04] {Threei} volume dries up on retreat, increases on advance

[13:04] {patel} yup

[13:05] {Threei} picks up pace as attack resistance again

[13:07] {dino} fslr

[13:08] {dino} v sm l .70, risky

[13:11] {Threei} market changed its mind about slow climb

[13:11] {Threei} we have a choice here

[13:11] {Threei} to say stopped

[13:11] {Threei} or to sell and not say anything so fern doesn't know

[13:11] {BillyD} lol

[13:12] {Threei} later on type "out BAC $5" for him

[13:12] {Threei} so he swears until he looks at the chart

[13:12] {Threei} and then he swears some more :)

[13:20] {dino} stopped fslr -.30

[13:29] {Threei} F WSJ: Ford and Utilities companies will announce a recharging technology for electric vehicles (7.65, +0.28, 3.80%) (related GM F.IT DUK TE FPL D EXC )

[13:29] {Threei} GM To discucss production outlook on 2:30ET confernce call (67.14, +0.71, 1.07%)

[14:10] {patience} .

[14:27] {magoo} VADDDDDDDD

[14:27] {magoo} wake up

[14:27] {Threei} why?

[14:43] {magoo} huh?

[14:44] {Threei} what?

[14:48] {magoo} AXL looks to resume

[14:48] {Threei} well... 5 support is a valid one to place a stop under

[14:49] {Threei} I just can't evaluate the odds of success

[14:49] {Threei} pretty random, honestly

[14:49] {BillyD} and it will dip below 5 as we have already seen

[14:56] {magoo} in it .10

[14:58] {Threei} selling any?

[14:58] {magoo} might

[14:58] {Threei} or you are in for a big run?

[14:58] {magoo} i want run

[14:59] {magoo} but

[14:59] {magoo} to.45 area..but who knows?

[15:04] {magoo} out .27

[15:04] {Threei} :)

[15:04] {magoo} prob reload it

[15:08] {magoo} dam RTK never stops either

[15:15] {Threei} RTK CEO on CNBC with Kudlow this evening

[15:15] {Threei} Rentech Inc To Supply Renewable Synthetic Fuels to 8 Airlines for Ground Service Equipment Operations at Los Angeles International Airport

[15:15] {Threei} - signed an unprecedented multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.

[15:25] {dino} .

[15:26] {Threei} RTK CEO: Recently announced deal is 'touch point along the curve'; forcusing on more jet fuel contracts (2.39, +1.10, 85.27%)

[15:27] {magoo} AXL

[15:34] {Threei} nice spike

[15:35] {magoo} out 69

[15:35] {magoo} rd 3

[15:36] {Threei} Rentech Inc CEO Notes that planning to increase production of jet fuel through a commercial scale factory in 4 years

[15:36] {Threei} ummm

[15:37] {dino} eslt

[15:37] {Threei} let's buy it in 3 years 11 months?

[15:55] {Threei} Ok guys, let's call it a day

[15:55] {Threei} have a great evening, see you tomorrow

[15:55] {dino} pncl

[15:55] {magoo} ty vad

[15:55] {magoo} all

[15:56] {dino} thx all, slow day

[15:56] {Threei} slow?

[15:57] {Threei} all slow days seem to be sprinter runners vs today

[15:57] {larisa} bye :)

Aug 17 2009

6 calls, 6 wins - nothing to complain about, even though second half of the day was obligatory August boredom embodiment. LVS, BAC and AAPL were the heroes of the day - interestingly enough, all on the long side.

Session Time: Mon Aug 17 00:00:00 2009

[08:11] {Threei} Preview: Aug Empire Manufacturing Index due out at 8:30amET

[08:11] {Threei} ***consensus estimate: -3.00e v -0.55 prior (Most analyst range of estimates seen from 1.0 to 6.0)more...

[08:11] {Threei} BLTXX Baltic Dry Bulk Index +0.8% (third straight increase)

[08:30] {Threei} Aug Empire Manufacturing: 12.08 v 3.00 expec

[08:31] {Threei} EUR/USD USD retraces overnight gains following first positive Emprie manufacturing reading since Apr 2008

[08:32] {nemo} $ up big

[08:32] {nemo} or are the quotes on that frozen too

[08:32] {Threei} - EUR/USD trading at 1.4080 after testing 1.4048 earlier today

[08:48] {fernp} good morning everybody

[08:49] {Threei} fern :)

[08:49] {patel} good morning traders

[08:49] {Threei} patel :)

[08:49] {Threei} fern... left just a tad too early on Fri... goes for Billy too :(

[08:50] {Threei} beautiful play came along just as you went for the weekend

[08:50] {patel} i missed the whole day had to take the wife to the doctor's office

[08:50] {fernp} in BAC I know

[08:50] {patel} i see you had an excellent day Threei

[08:50] {patel} Good job

[08:50] {Threei} ty

[08:50] {Threei} happens to me once in a while

[08:51] {nemo} Yeah, now he has to eliminate that occasional stop :)

[08:53] {Threei} attempts to do so require waking up... and that leads to catastrophic consequences

[08:53] {nemo} yeah, reality sucks

[08:53] {cosmo} rs

[08:58] {cosmo} just ask IDCC

[08:59] {cosmo} nterDigital Receives Notice of Initial Determination in ITC Patent Infringement Action Against NokiaBusiness Wire(Fri, Aug 14)

[09:00] {cosmo} initial ruling favors Nokia in InterDigital case

[09:00] {Threei} BAC Reports July Master Trust; Net Charge offs 13.82% v 13.81% m/m

[09:00] {Threei} - Delinquencies 7.58% v 7.73% m/m

[09:00] {Threei} - 30-59 days $1.8B v $1.84B m/m

[09:00] {Threei} - 60-89 days $1.5B v $1.... (17.39, 0.00, 0.00%) more...

[09:00] {Threei} IDCC, that's brutal

[09:01] {larisa} good morning :)

[09:01] {Threei} (US) Fed & Treasury extended TALF program to June 30, 2010

[09:01] {Threei} larisa :)

[09:01] {cosmo} BPAX to the rescue?

[09:01] {nemo} Hi Lari

[09:01] {larisa} :)

[09:03] {cosmo} BPAX: ...potential new vaccine against H1N1 (swine flu), which

[09:03] {cosmo} resulted in 100 percent protection from symptoms of illness, including

[09:03] {cosmo} weight loss, and death in animal studies.

[09:04] {cosmo} ...line forms on the right....

[09:04] {Threei} lol

[09:04] {cosmo} :)

[09:11] {dino} gm

[09:11] {Threei} dino :)

[09:16] {magoo} morning

[09:16] {Threei} magoo :)

[09:17] {nemo} magus :)

[09:19] {dptl} good morning all

[09:19] {Threei} dp :)

[09:22] {magoo} pretty big gap down vad

[09:22] {BillyD} morning

[09:23] {Threei} Billy :)

[09:24] {Threei} yes mags... you want me to do something about that?

[09:24] {magoo} oy...not already

[09:25] {cosmo} nano

[09:25] {Threei} Billy... whatever you, do not read the log for the Friday after you left

[09:25] {BillyD} ok

[09:26] {nemo} that was mean, Vad

[09:26] {Threei} yeah... your point is?

[09:27] {BillyD} I am sure I missed a good play

[09:27] {nemo} gentle nudges for you to change your evil ways

[09:27] {Threei} uhhu

[09:27] {Threei} see me dropping everything and rushing to change my evil ways

[09:28] {Threei} as it often happens on Mondays, I don't have clear candidates for the open

[09:28] {cosmo} uhhu not listed...

[09:28] {Threei} it's an IPO cosmo

[09:29] {Threei} watching BAC, BPAX

[09:29] {cosmo} ah

[09:29] {Threei} buit no structured play for either

[09:30] {magoo} lvs too vad

[09:30] {Threei} yup, ty

[09:31] {Threei} Long Setup: LVS .15 break

[09:31] {Threei} if stays above 12

[09:32] {magoo} in

[09:32] {Threei} Long Setup: BAC .50 break

[09:32] {Threei} stop under .45

[09:33] {Threei} too fast?

[09:33] {nemo} that was a little quick

[09:33] {fernp} missed bac

[09:33] {magoo} in bac

[09:33] {nemo} 1:1 lvs

[09:34] {Threei} half out BAC here mags

[09:34] {Threei} at least

[09:34] {Threei} LVS, half out

[09:34] {magoo} out lvs

[09:34] {Threei} .28

[09:34] {Threei} scalpers are out

[09:35] {dino} v sm l rtp .25 wide

[09:35] {Threei} that's their evil ways, ya know

[09:35] {nemo} hehehehe

[09:35] {magoo} oyt bac TY

[09:35] {Threei} :)

[09:35] {nemo} and you're leading the pack

[09:35] {Threei} see? and you wanted me to change my ways

[09:35] {Threei} want me to lead you into abyss of kindness?

[09:35] {nemo} Vad on a Harley with a sleevless leather vest

[09:36] {dino} and chaps

[09:36] {Threei} BAC

[09:36] {Threei} lol

[09:36] {Threei} watching for second entry

[09:36] {nemo} And a tshirt that says on the back "If you can read this, the bitch fell off"

[09:36] {Threei} qwant it to hold .45

[09:36] {Threei} nope

[09:36] {Threei} stay away for now, we need new range

[09:36] {BillyD} thought LVS would give more than 1:1

[09:37] {magoo} thats why i got out bac

[09:37] {nemo} that might have been the gasp of hope for the opening

[09:37] {magoo} mkts weak

[09:37] {Threei} still may Billy, but we have nervous opening, so I'd prefer another entry

[09:37] {nemo} Captain Obvious award goes to Magoo

[09:37] {Threei} yeah mags, what's up with that... venturing into my territory

[09:37] {BillyD} I bailed on 2nd half ue to it hit 1:1

[09:37] {magoo} aapl bounce vad?

[09:38] {magoo} not yet

[09:38] {dino} rimm 70s

[09:38] {fernp} LVS again Vad?

[09:38] {Threei} watching it

[09:38] {Threei} no clean structure yet

[09:38] {magoo} CAT too vad

[09:38] {Threei} good read on RIMM last week dino, I remember you saying it's headed for 70s

[09:39] {magoo} he called 70 strike i remember

[09:39] {Threei} OK, LVS

[09:39] {Threei} .10 break if holding 12

[09:40] {Threei} BAC

[09:40] {Threei} .50 break

[09:40] {Threei} if holding .40

[09:41] {dino} stba drop

[09:41] {Threei} LVS 1:1

[09:41] {dino} thin

[09:41] {BillyD} ty

[09:41] {BillyD} LVS

[09:41] {Threei} seriously can't tell whether it's just scalps or capable of more

[09:42] {Threei} your discretion guys

[09:42] {magoo} out lvs .15

[09:42] {magoo} ty

[09:46] {Threei} Long Setup: AAPL .50 break

[09:46] {Threei} smalish shares

[09:46] {Threei} if holding above .30 - .35

[09:48] {Threei} 1:1

[09:48] {patel} thanks VAD

[09:48] {Threei} :)

[09:48] {Threei} ok BAC, move your butt already, will ya

[09:51] {Threei} AAPL merrily 1:2

[09:52] {Threei} let's trail BAC to under .45

[09:52] {magoo} waiting .23

[09:53] {nemo} on what stock mags?

[09:53] {magoo} aapl..but will cut if have too

[09:53] {magoo} looking over163

[09:54] {magoo} ill let it rip or stop it flat

[09:54] {Threei} BAC over 1:1

[09:54] {fernp} out BAC. ty Vad

[09:54] {Threei} 5 out of 5

[09:55] {Threei} can I go home

[09:55] {Threei} ?

[09:55] {fernp} nope. we need 10 out of 10

[09:56] {Threei} IDCC Guides Q3 R$$73.5-75.5M v 76.6Me

[09:56] {Threei} you are communicating with nemo too much, fern...

[09:56] {fernp} lol

[09:56] {Threei} it's contagious...

[09:57] {nemo} wait till you start growing scales

[09:58] {magoo} out aapl here .08 TY VAD

[09:59] {Threei} 1:3... nice

[09:59] {magoo} out BAC here .65 TY DL

[09:59] {Threei} isn't it funny... markets are in red and haven't really bounced much, yet all our plays are on a long side

[10:00] {nemo} funny "ha ha" or funny strange?

[10:00] {dino} just plain funny

[10:01] {nemo} thought we'd be a bit more granular

[10:01] {Threei} it may make some significant difference for you... but don't me think too much, especially on Monday

[10:01] {magoo} see..aapl had alot of trouble with 163..so i adjusted exit

[10:01] {Threei} or Tuesday

[10:01] {nemo} sorry

[10:01] {Threei} or... you get the drift

[10:01] {magoo} may still go..look to reload if set up appears

[10:04] {nemo} on the five minute chart aapl, could be a bear flag

[10:04] {magoo} yea...it could dump 8 points easy..so careful

[10:04] {nemo} look at 5 min. on Qs

[10:06] {Threei} JPM Reports July Master Trust; Net charge offs 7.92% v 8.04% m/m - filing

[10:09] {Threei} BAC interesting resilience

[10:11] {Threei} compare 1 min JPM and BAC

[10:11] {Threei} looks like there is following here

[10:11] {Threei} and JPM break of .20 should signal BAC to break .70

[10:12] {Threei} also, looks like there is a magnitude correlation as well, 10 cents JPM move translate into 5 cents BAC

[10:17] {cosmo} idcc = red salmon

[10:19] {BillyD} VAd, HIG held last bit of selling pretty well, maybe long candidate

[10:19] {Threei} doesn't move with this bounce...

[10:20] {BillyD} so, kind of stuck in its own world

[10:20] {Threei} yeah

[10:20] {BillyD} ok

[10:21] {Threei} Long Setup: BAC .65

[10:21] {Threei} if stays above .60

[10:22] {magoo} .

[10:22] {nemo} ?

[10:23] {fernp} in

[10:30] {Threei} 1:1

[10:31] {fernp} out TY

[10:31] {Threei} :)

[10:31] {fernp} 6 out of 6

[10:31] {Threei} yup... I insist on going home

[10:32] {magoo} u ARE home:)

[10:32] {BillyD} yeah

[10:33] {Threei} it doesn't matter... it's symbolic gesture

[10:33] {BillyD} yeah, and you aren't going anywhere anyhow :)

[10:33] {nemo} So when you go to work you roll out of bed and sit at your computer in your underwear

[10:33] {Threei} I tested GETCO guys

[10:33] {Threei} on BAC and JPM

[10:34] {Threei} instant fills on both

[10:34] {Threei} some miniscule pass-through charge, nothing even close to usual ECNs

[10:34] {nemo} so good for listeds

[10:34] {Threei} can't use it to lay out

[10:34] {Threei} it's fill or kill

[10:35] {Threei} so I assume it's some variation of that darned flash order {G}

[10:35] {nemo} which could be a problem trying to get out on a stop

[10:35] {Threei} I am not sure it's good for any listed, nemo,

[10:35] {Threei} if I am right about what it is,

[10:36] {Threei} it could be kind of selective deal,

[10:36] {Threei} great if there is a liquidity on this route for specific stock,

[10:36] {Threei} useless if there is none.

[10:36] {Threei} Now, what Bear is working on right now is:

[10:36] {Threei} smart route that will start with GETCO,

[10:37] {Threei} and switch to other routes if there is no fill on it

[10:37] {Threei} thus trying to save you money first, then giving you sure fill if no go on cheapest route.

[10:37] {Threei} This way the main shoertcoming of GETCO gets remeduated

[10:37] {Threei} shirtcoming being, no route out on it

[10:38] {Threei} I'll try it on other listeds and NASDAQ, will report as I observe more on how it works

[10:39] {Threei} (as you can guewss, I finally upgraded my Laser, lol)

[10:42] {Threei} market is frozen

[10:45] {wulff} somebody do something

[10:45] {Threei} why

[10:46] {Threei} you guys are insatiable

[10:46] {wulff} gives me a chance to open my next beer

[10:46] {Threei} 6 for 6, and still you are hungry

[10:46] {Threei} oh beer...

[10:46] {Threei} hmmm

[10:46] {Threei} now that's the concept I may get excited about

[10:51] {BillyD} Vad, on BAC .65 long and .60 stop, do you count a 1:1 at .70 or .72 to include the 1 cent for break of .66 and 1cent stop at .59

[10:51] {Threei} I am not very anal-retentive about that

[10:52] {Threei} look at it this way:

[10:52] {Threei} if your formal 1:1 is .72,

[10:52] {Threei} stock reaches .71

[10:52] {Threei} and you see market stalling or reversing,

[10:52] {Threei} your leader (JPM in theis case) reversing,

[10:52] {BillyD} understand logic, was just clarifying

[10:52] {Threei} and your stock showing weakness

[10:53] {Threei} will you insist on .72 or shrug and grab .71

[10:53] {Threei} and to the heck with that 1 cent

[10:53] {Threei} also, 1:1 level as the spot where they more often than not reverse or pause - it's just a concept

[10:54] {Threei} it's not necessary that literal

[10:54] {Threei} so there is a room for diascretion here

[10:54] {Threei} as with everything in the market

[10:54] {BillyD} true

[11:03] {Threei} NY Fed: Purchased $7.01B in $300B outright coupons purchase; Dealers submitted $15.94B for consideration (bid to cover 2.27)

[11:03] {Threei} - Heaviest purchase was $4.56B in the 06/30/14 maturity

[11:03] {Threei} Note: Avg bid to cover for prior four auctions is 3.

[11:03] {Threei} is 3.28

[11:11] {BillyD} kind of mixed how stocks are reacting to the new mkt lows

[11:14] {larisa} HURN is happy all of a sudden

[11:14] {Threei} with no news

[11:16] {Threei} CX CEO: Not expecting volumes in cement to come back to its peak levels for at least 5 years

[11:16] {Threei} mobsters switched to garotta?

06[11:17] * Threei is looking for a manufacturer of piano strings

[11:17] {BillyD} cement boot sales are down lol

[11:17] {nemo} well, when all the people go belly up on their lone shark lones, they'll go back up

[11:25] {Threei} GETCO worked on LVS just as instantly

[11:26] {BillyD} are you hitting bid/offer prices

[11:26] {Threei} yes, no other way with this route

[11:26] {Threei} also, passthrough is slightly higher on sell side, probably some kind of regulatory fee

[11:26] {Threei} so the ideal way is,

[11:26] {Threei} get in with GETCO, offer it out with ECN that offers rebate

[11:27] {BillyD} good idea

[11:27] {Threei} and make your commissions next to non-exixtent

[11:27] {BillyD} is GETCO like a pool?

[11:27] {Threei} andf if have to bail out, again use GETCO

[11:27] {Threei} sure feels like it

[11:27] {Threei} logistics of it are ones of a dark pool as far as I can tell

[11:28] {BillyD} does Laser still charge us regular commission?

[11:28] {Threei} yes

[11:28] {BillyD} just not the ecn fees

[11:28] {Threei} right

[11:28] {BillyD} ok

[11:29] {Threei} but by getting ECN rebate you effectfively eat into commissions

[11:29] {BillyD} yup

[11:29] {Threei} if you manage to get rebate on both sides of the trade, your commissions will be laughable

[11:29] {BillyD} just have to make sure there is liquidity

[11:29] {Threei} it's not really easy way to trade,

[11:29] {Threei} as we prefer to enter with momentum

[11:29] {Threei} it's mostly exit where we offer into momemntum

[11:30] {Threei} so GETCO in, ECN lay out seems to be the best way

[11:30] {Threei} with variations like:

[11:30] {Threei} try to bid at your idea price,

[11:30] {BillyD} yes and won't be able to pay over entry price in case miss it

[11:30] {Threei} and keep GETCO ready to hit offer if becomes clear tou won't get your bid hit

[11:31] {Threei} for quick switching between routes may want to use programmable keys

[11:31] {Threei} just be careful with that, room for errors is bigger

[11:32] {BillyD} it would have to be faster than manual

[11:32] {Threei} fat fingers, ya know

[11:32] {Threei} yes

[11:33] {Threei} but it's really easy to program "shift-X key for GETCO entry", "shift Y key for bidding on ISLD, etc

[11:33] {nemo} or shift G and Shift I

[11:34] {Threei} that's the idea, pick those that you can memorize easily

[11:34] {BillyD} how iwll it know how many shares to inseryt

[11:34] {BillyD} does it default

[11:34] {Threei} ask dp, he is expert in key shortcuts

[11:34] {BillyD} ok

[11:38] {BillyD} Vad, you watching BAC

[11:38] {Threei} yes but I don't know what to make of it

[11:39] {nemo} kinda looks like spy

[11:39] {wulff} LVS slow steady

[11:40] {Threei} C Reports July Master Trust; Net Charge offs 10.03% v 10.51% m/m

[11:40] {Threei} - Delinquencies % v 5.49% m/m

[11:40] {Threei} - 5-34 days $2.63B v $2.41B m/m

[11:41] {Threei} I don't emember this kind of reports

[11:41] {Threei} new fashion trend I guess

[11:44] {Threei} tried GETCO on HURN

[11:45] {Threei} inconsisten... two entry attempts were rejected, then third saudcdently gave a perfect fill

[11:45] {Threei} for exit swicthed ti NASDAQ

[11:46] {Threei} not sure what it means

[11:46] {BillyD} if no shares available maybe

[11:46] {BillyD} at that price

[11:47] {Threei} I guess... lack of route out makes it work differently from what we are used to

[11:47] {larisa} can you use Getco with limit couple cents higher than the ask?

[11:47] {Threei} that's what I did

[11:48] {BillyD} did it give price improvement

[11:48] {Threei} yes

[11:48] {Threei} hit existing offer

[11:48] {Threei} huh... it just allowed me to bid

[11:48] {BillyD} and, was the order that was filled above the offer

[11:49] {Threei} I guess its NASDAQ logic is diferent

[11:49] {Threei} hmm?

[11:49] {Threei} I hit .91 while .87 was available, got .87

[11:49] {BillyD} order filled, was your limit price above current offer

[11:49] {BillyD} ok

[11:50] {magoo} HURN is crazy

[11:50] {Threei} just got .06 and offered .13

[11:50] {Threei} allowed me to offer

[11:50] {Threei} so you can add liquidity on NASDAQ via it it seems, but not on listeds

[11:50] {Threei} just no point as there is no rebate

[11:50] {nemo} so, if you're waiting for a break, you better wait for the break

[11:50] {Threei} better to offer on ECN

[11:51] {magoo} positive news COF just now

[11:51] {Threei} I don't see any

[11:52] {magoo} 11:48 its there, no biggie, better than expected managed and trust data metrics for july etc

[11:53] {magoo} frwakin HURN VAD

[11:53] {magoo} its getting the feel

[11:53] {Threei} wow

[11:53] {Threei} you have some seriously delayed news feed mags

[11:54] {magoo} time stamopp 11:48

[11:54] {Threei} have a look at time stamp:

[11:54] {Threei} Monday, August 17, 2009 6:05:47 AM

[11:54] {Threei} Capital One Financial Corp Reports July Master Trust; Net charge offs: 9.83% v 9.73% m/m - filing

[11:54] {Threei} whoever supplies you with news, tell them to go, ummm

[11:54] {magoo} oh shit

[11:54] {Threei} let me think where

[11:55] {Threei} but while I am thinking, rest assured it's very remote, daerk and stinkin' place

[11:56] {Threei} just tried to bid MSFT below the market - rejection

[11:56] {Threei} I am not sure I understand the mechanics of this route for bidding/offering

[11:56] {Threei} luckily, no need

[12:03] {dino} .

[12:10] {Threei} GURN big pullback

[12:11] {Threei} HURN too

[12:11] {Threei} quickest way to switch from GETCO to standard route on NASDQ stock:

[12:12] {Threei} uncheck Route on/off

[12:12] {Threei} I am having an exploraion day today, lol

[12:13] {BillyD} is this box on L2

[12:13] {Threei} yup

[12:13] {Threei} to the right of Cancle button

[12:14] {Threei} pleasantly enough, I manage to combine testing with profit

[12:14] {Threei} normally it's not what happenming, lol

[12:15] {BillyD} we have different L2 windows

[12:15] {Threei} then you don't have this line checked:

[12:16] {Threei} ugh, wait

[12:16] {Threei} it's somewhere in different place in this version

[12:16] {BillyD} in view

[12:17] {BillyD} advanced button style

[12:17] {Threei} yes

[12:17] {Threei} used to be in different place in menu

[12:17] {BillyD} with the box unchecked how does it route

[12:17] {Threei} default

[12:18] {BillyD} which is

[12:18] {Threei} for NASDAQ it's, wait it

[12:18] {Threei} drum roll

[12:18] {Threei} NASDAQ route

[12:18] {Threei} for listeds MLCO I believe

[12:18] {Threei} which I rarelt like

[12:19] {BillyD} is the D+ buy/sell button for day plus orders

[12:20] {Threei} ?

[12:20] {Threei} where is it?

[12:20] {BillyD} in L2 window

[12:20] {BillyD} at bottom

[12:20] {BillyD} under market buttons

[12:21] {Threei} I don't have it

[12:21] {Threei} ahha

[12:21] {Threei} here it is

[12:21] {Threei} no idea

[12:21] {Threei} let's torture dave

[12:21] {BillyD} ok, I see what you have

[12:22] {Threei} there is a manual of course

[12:22] {Threei} but heck... we never ask for directions, do we

[12:22] {BillyD} it's pretty outdated

[12:23] {BillyD} can we put in orders good til cancelled

[12:23] {Threei} I don't think so

[12:23] {Threei} Laser is geared toward day trading

[12:23] {BillyD} what I thought

06[12:53] * Threei puts pillow on the desk right below his chin

[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 18 V 18E

[13:03] {Threei} BPAX Reportedly management says it is in early stage talks with vaccine makers for liscensing its Biovant H1N1 product (2.27, +0.31, 15.82%)

[13:07] {Threei} guess

[13:07] {Threei} who

[13:07] {Threei} is

[13:07] {Threei} on

[13:07] {Threei} etc

[13:19] {magoo} vad DNDN

[13:20] {Threei} DNDN Update: Ticks higher as CFO reportedly says he expects adoption of Provenge expected to be greater than current level of use for standard chemo in prostate cancer patients

[13:20] {Threei} - says it expects the initial demand for Provenge to outstrip supply, but expects to be able to meet... (22.11, -0.36, -1.60%) more...

[13:58] {BillyD} Vad, any CRY news....I don't see any

[13:59] {Threei} nothing since that last week FDA

[13:59] {BillyD} ty

[14:01] {Threei} (US) Fed quarterly loan officer survey: Banks report deteriorating lending quality (related EUR/USD XLF )

[14:04] {dino} .

[14:13] {nemo} frickin' brownout...what I miss

[14:13] {Threei} nothing

[14:13] {nemo} sorry to make you pick your chin up off the table

[14:13] {Threei} no worry

[14:13] {Threei} I set my keyboard vertically

[14:14] {Threei} so I can type not changing position

[14:14] {Threei} good coma comes first

[14:17] {nemo} Gotta' go anyways....have a nice nap everybody

[14:17] {BillyD} by

[14:17] {Threei} very considerate and polite of you to drop by to tell us you have to go

[14:17] {nemo} I'm like that

[14:18] {Threei} I am proud of civilized manners being adopted

[14:18] {nemo} now you're lying

[14:18] {Threei} (well, as long as I am not expected to follow to suit)

[14:18] {nemo} Mmmmmmhhhhh....Vad in a suit.....nah

[14:22] {dino} cya nemo

[14:35] {Threei} BAC Moody's raises preferred stock rating (16.73, -0.66, -3.80%)

[14:35] {Threei} AIG Discloses agreement with new CEO Benmosche over compensation - filing

[14:35] {Threei} Mr. Benmosche will receive an annual salary of $7M, consisting of $3M in cash and $4M in fully-veste... (23.74, -0.63, -2.59%) more...

[14:49] {Threei} (US) CFTC's Gensler: Seriously considering position limits for energy futures contracts (related UNG USO )

[15:01] {dino} caesars' contra-coin says we go up

[15:02] {BillyD} WFC weak

[15:02] {BillyD} any thoughts Vad WFC

[15:02] {BillyD} short that is

[15:03] {Threei} doesn't feel right to me

[15:03] {Threei} can't quite put a finger on it

[15:03] {BillyD} ok

[15:12] {Threei} 6% Expect Tax Cut During Obama Years

[15:12] {Threei} I simply can't pinpoint the % of idiots... such a moving target, there seem to be no averages

[15:13] {BillyD} TY...I was getting perplexed trying to fit that one into the herd mentality formula

[15:14] {Threei} the problem is, as soon as you rthink "there, I nailed it", next headline comes right along:

[15:15] {Threei} 22% Expect Things To Improve in Afghanistan

[15:15] {Threei} 35% Say U.S. Heading in Right Direction

[15:15] {Threei} now, you tell me...

[15:15] {BillyD} it's volatile??

[15:15] {BillyD} hehe

[15:16] {Threei} sheer magnitide is amazing

[15:16] {BillyD} aren't you glad you don't have to drive in traffic to work

[15:16] {dino} rst

[15:16] {Threei} lol

[15:24] {Threei} let's see if there is double bottom in WFC

[15:25] {Threei} not so far

[15:26] {fernp} boring but profitable day, hope tomorrow be like today :)

[15:27] {fernp} see u tomorrow

[15:27] {Threei} :)

[15:27] {dino} tighten rtp to .35 all dayer

[15:29] {BillyD} OCLS news?

[15:30] {BillyD} can't find any

[15:30] {Threei} OCLS Hearing chatter company may sign a significant marketing deal shortly

[15:30] {BillyD} no short

[15:30] {BillyD} available

[15:35] {Threei} US House Speaker Pelosi: Public option for health care has 'strong support' would lower health care costs (related IYH PPH BBH )

[15:36] {Threei} Note: Reports surfaced this weekend that the White House was close to removing the public option from the bill

[15:41] {dino} out rtp .32, +2.07

[15:41] {larisa} gj

[15:41] {BillyD} very nice dino

[15:41] {dino} ty, lucky entry

[15:51] {dptl} good evening all

[15:52] {BillyD} same here...cya

[15:52] {Threei} okay guys, thank you all

[15:53] {Threei} have a good evening, see tyou tomorrow

[15:53] {larisa} bye :)