Sep 10 2009

Some UAUA playes, some HIG... a bit boring though

Session Time: Thu Sep 10 00:00:00 2009

[07:56] {magoo} morning

[08:00] {Threei} wow... it is...

[08:01] {magoo} comes to fast eh...

[08:02] {magoo} how was mkt rest of day vad?

[08:02] {Threei} let mw try and remember

[08:03] {Threei} mostly quiet,

[08:03] {Threei} GE gave us nice bounce scalp on decent shares,

[08:04] {Threei} VVUS made another run at the highs, hasn't quite reached it but was playable

[08:04] {Threei} dino shorted RCL while I hit it over the head,

[08:04] {Threei} (combined effort worked)

[08:05] {Threei} and I suggested whole room to slap nemo but wasn't supported by these wussies and got a debate with him instead

[08:05] {Threei} you know "why oh why" kind

[08:06] {magoo} nemo is quite the argumentive type lol...i would have just backed your play and slapped him silly

[08:07] {Threei} i know

[08:07] {Threei} [15:04] {Alert} Threei VVUS... we need magoo

[08:07] {Threei} [15:04] {Alert} Threei he will cry bitterly tomorrow seeing this

[08:13] {magoo} dvax \

[08:15] {Threei} 6:45:33 AM

[08:15] {Threei} Dynavax Technologies Reports FDA Removes Clinical Hold on HEPLISAVTM Phase 3 Hepatitis B Vaccine

[08:15] {Threei} - Today announced that the U.S. Food and Drug Administration (FDA) has removed the clinical hold for the HEPLISAVTM Investigational New Drug (IND) application in individuals with chronic kidney disease. HEPLISAV is a Phase 3 investigational adult hepatitis B vaccine designed to provide increased, rapid protection with fewer doses than current licensed vaccines.

[08:16] {Threei} - As a result of the FDAs decision, Dynavax expects to initiate a Phase 3 trial in chronic kidney disease patients in the near-term. Dynavax also plans to initiate a Phase 3 lot-to-lot consistency trial in adults over 40 years of age in early 2010.

[08:17] {Threei} ESE Brean Murray Initiates ESE with Buy, price target: $42

[08:17] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:17] {Threei} - Expectations for initial claims are 560K v prior release of 570K (range seen from 535K to 570K)

[08:17] {Threei} - Continuing claims seen at 6.200M v prior 6.234M. (range seen from 6.050M to 6.300M)

[08:28] {magoo} ese halted?

[08:28] {magoo} news MON?

[08:28] {nemo} ahhhhhh....another day in Paradise....oh...I'm still alive...

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 550K V 560KE; CONTINUING CLAIMS: 6.088M V 6.200ME

[08:31] {Threei} 03:01 MON Guides FY10 EPS $3.10-3.30 v $4.08e (unclear if comp)

[08:31] {Threei} - Reaffirms FY09 guidance at the low end of $4.40-4.50 v $4.41e (for the 6th time)

[08:31] {Threei}

[08:32] {magoo} VVUS still has some left i see

[08:32] {magoo} whats high yrsterday

[08:33] {Threei} 12.49

[08:33] {magoo} ty

[08:37] {magoo} crushing MON

[08:48] {brian3579} gm all

[08:49] {Threei} brian :)

[08:57] {Threei} 07:17 UAUA JPMorgan Raised UAUA to Overweight from Underweight, price target: $13

[08:57] {larisa} good morning :)

[08:58] {Threei} larisa :)

[08:58] {larisa} :)

[09:00] {Threei} SPIR Signs collabortaion with UNICOR for solar systems (4.47, 0.00, 0.00%)

[09:00] {Threei} STEM to Initiate First Ever Neural Stem Cell Trial in Myelination Disorder (1.70, 0.00, 0.00%)

[09:02] {Threei} GNBT Announces USFDA Approval of Use of Company''s Flagship Buccal Insulin Product, Generex Oral-lyn(TM), Under the USFDA''S Treatment Investigational New Drug (IND) Program (0.68, 0.00, 0.00%)

[09:03] {Threei} btw larisa, magoo is not hopeless... he phoned me yesterday after president's speech, crying, deeply touched, in a state of emotional shock...

[09:04] {larisa} hope you cried back :)

[09:05] {Threei} I couldn't, I fainted

[09:05] {magoo} it was a spiritual moment

[09:05] {Threei} obviously

[09:06] {Threei} for an hour after that I was waiting for nemo to call

[09:06] {nemo} I forgot to watch...I was picking lint out of my belly button

[09:06] {Threei} you are just saying that... don't be embarassed to express your feelings

[09:07] {Threei} on second thought...

[09:07] {Threei} nag, kepp them to yourslef pls

[09:07] {nemo} hehehehe

[09:07] {nemo} here it comes...

[09:08] {Threei} UAUA on watch for possible momo

[09:08] {fernp} good morning everybody

[09:08] {Threei} fern :)

[09:16] {ese} good morning

[09:16] {Threei} ese :)

[09:17] {Threei} 08:17] {Alert} Threei ESE Brean Murray Initiates ESE with Buy, price target: $42

[09:18] {dino} gm all

[09:20] {ese} huh?

[09:20] {ese} well how bout that.....a stock with my handle

[09:20] {Threei} dino :)

[09:21] {Threei} ask Brean Murray, ese...

[09:21] {Threei} I thought you'd like that

[09:21] {Threei} there is also RAVN

[09:21] {ese} who in&^%%$# is Brean Murray

[09:21] {Threei} and LARS

[09:22] {dptl} good morning all

[09:22] {Threei} dp :)

[09:23] {ese} dp,laris nemo

[09:23] {nemo} haroo

[09:23] {larisa} :)

[09:25] {ese} opps and mags and dino

[09:29] {dino} :)\

[09:29] {dino} giddy-up

[09:31] {Threei} Long Setup: UAUA 7.15 break

[09:32] {Threei} stop under 7

[09:32] {magoo} in

[09:33] {ese} missed rats

[09:33] {magoo} out .24 TY

[09:33] {ese} saw the call too late

[09:33] {ese} nice mags

[09:33] {magoo} quad lot

[09:33] {ese} yo .........

[09:34] {magoo} VVUS smacked

[09:35] {Threei} UAUA 1:1

[09:35] {magoo} drat :)

[09:35] {magoo} GE smacked vad

[09:38] {Threei} SQNM Hearing takeover chatter circulating (6.09, +0.26, 4.46%) (related ROG.SZ )

[09:38] {Threei} but of course

[09:40] {dino} careful

[09:40] {Threei} forthose who partialled, stop to under .25

[09:40] {Threei} for scalpers, new setup:

[09:40] {Threei} Long Setup: UAUA .35 break if stays above .25

[09:41] {magoo} in

[09:42] {Threei} 1:1

[09:42] {magoo} out .44

[09:42] {magoo} ty

[09:46] {dino} ebix blood again

[09:47] {dino} -10 in day

[09:47] {fernp} BAC 16.75?

[09:47] {Threei} yes

[09:47] {Threei} break of it

[09:47] {magoo} man GE vad

[09:47] {Threei} stop under .70

[09:47] {fernp} ok

[09:48] {Threei} I am not delighted mags

[09:48] {Threei} BAC 1:1

[09:49] {Threei} GE started the day by drop even though market spiked up,

[09:49] {Threei} it drops disporportionally large when market retreats

[09:50] {Threei} and it hasnb't dropped as much as to become a capitalotion bounce candidate

[09:50] {fernp} out here. TY Vad

[09:50] {Threei} :)

[09:50] {Threei} even now, look at 1 min on GE,

[09:50] {Threei} while price forms valid bounce setup with .65 break trigger

[09:50] {Threei} volume doesn't match

[09:51] {Threei} nah, I am staying away for now

[09:52] {nemo} sheesh...amed

[09:52] {Threei} 1:2 BAC

[09:52] {Threei} nice spot fern

[09:52] {magoo} scalpers regrett big time uaua

[09:52] {fernp} :)

[09:53] {Threei} [09:08] {Threei} UAUA on watch for possible momo

[09:53] {Threei} ENER Hearing DB making cautious comments (timing uncertain)

[09:53] {Threei} - DB believes it would make no sense for AMAT to buy ENER. (12.71, +0.37, 3.00%) (related AMAT )

[09:56] {Threei} (US) Sen Shelby R (AL) : Seeking to 'slow the train down' on regulation change; Sees good prospect of eventual and meaningful reform (related EUR/USD )

[09:57] {Threei} (IA) Iranian weapon cache has been found in Afghanistan - CNN

[09:58] {dino} ebix sm l .90

[10:00] {magoo} VVUS vad

[10:00] {dino} cctr hl l .74

[10:01] {Threei} VVUS,

[10:01] {Threei} I can't give any technicals

[10:01] {Threei} but 13 seems very likely today, and quite possibly higher

[10:01] {magoo} just alerting u..i know..momo

[10:02] {dino} that was cstr sorry

[10:02] {Threei} UAUA...

[10:03] {dino} stop is .44 cstr

[10:04] {nemo} oil info today, might be why uaua

[10:05] {Threei} 08:57] {Alert} Threei 07:17 UAUA JPMorgan Raised UAUA to Overweight from Underweight, price target: $13

[10:05] {nemo} oh...nevermind...however oil out this morning

[10:06] {dino} pot gap fill and then some

[10:10] {Threei} thar she blows

[10:10] {nemo} who?

[10:10] {Threei} VVUS

[10:10] {Threei} [10:01] {Threei} but 13 seems very likely today, and quite possibly higher

[10:12] {dino} titn hl l .50

[10:17] {dino} guess who's coming on tv

[10:17] {Threei} nnnooooo

[10:17] {Threei} really?

[10:17] {nemo} elvis?

[10:17] {nemo} michael jackson?

[10:18] {ese} Vad give me an opinion on swks consolidation please

[10:18] {dino} god

[10:18] {nemo} must be on all stations

[10:18] {Threei} I like chart ese,

[10:18] {Threei} not sure about volatility

[10:18] {Threei} a bit too big for your style

[10:18] {ese} ture

[10:18] {Threei} can dive or spike 10 cents in one gasp

[10:20] {ese} tks

[10:24] {nemo} amed absorbing volume increase in a somall range after declining highs...possible short?

[10:24] {nemo} somall=small

[10:24] {dino} dk nemo, caution as dropped from 43 last week to 30

[10:25] {nemo} yeah, the CEO left?

[10:25] {dino} wou;d think 40 strike comes into play in couple days

[10:26] {dino} been buying the pullbacks for days, that has been working, fwiw

[10:27] {ese} L swks .01 1k lot here on pullback

[10:28] {ese} see if it can get back to it's high of the day

[10:29] {dino} swm

[10:30] {ese} it's been upgrades up the ying yang...should acount for something

[10:30] {ese} upgraded

[10:30] {nemo} next we should hear a rumor of a buyout

[10:30] {Threei} US FTC Chairman: There exist scams aimed at defrauding Govt of stimulus cash - Senate testimony

[10:30] {Threei} nnnnoooooo

[10:30] {nemo} yeah, it's called the budget

[10:30] {Threei} my world comes crashing down

[10:30] {ese} noooooooooo!!!!!!!!

[10:30] {ese} nodbody would do that

[10:31] {Threei} you mean some people actually will steal from the government??

[10:31] {dino} i am shocked

[10:31] {Threei} our gentle trusting generous government??

[10:31] {nemo} well, the government steals from them first

[10:31] {Threei} hmmm... pres just said he loves nurses

[10:32] {nemo} in the Biblical sense?

[10:32] {dptl} lol

[10:32] {Threei} and hurriedlt added that Michelee knows

[10:32] {nemo} probably has her dress up for him

[10:32] {nemo} oops

[10:32] {nemo} sorry

[10:32] {Threei} sigh

[10:32] {dino} i prefer waitresses, i ask for something, they bring it

[10:32] {Threei} nemo

[10:33] {Threei} how about we institute this rule for you:

[10:33] {nemo} yeah....

[10:33] {Threei} you type what you have to say,

[10:33] {nemo} count to 1000

[10:33] {Threei} then read it,

[10:33] {Threei} then inhale

[10:33] {Threei} then exhale

[10:33] {Threei} then read it again

[10:33] {Threei} and only then decide if you want to hit that enter

[10:34] {Threei} GM To reportedly offer 60 day money back guarantee on new vehicles - unconfirmed report (related F F.IT )

[10:34] {Threei} good bye rent

[10:34] {ese} a couple of months back somebody on this board suggested that instead of the stimulus package they should fund every american 1 million dollars....population is what 350/400 million........would have been a better way to do it I think

[10:34] {dino} lol, and you think repos are a problem

[10:34] {Threei} I come for vacation, I buy GM vehicle, I return in in two weeks

[10:34] {dino} me, i sduggeted that

[10:35] {ese} lots of merrit to it I think dino

[10:35] {nemo} yeah, the logic is so iron clad, it's ridiculous

[10:35] {dino} ty guys, usually i'm off base

[10:35] {Threei} cool nemo, from the time it took you to react I assume you started implementing the rule {G}

[10:35] {nemo} [10:34] {ese} a couple of months back somebody on this board suggested that instead of the stimulus package they should fund every american 1 million dollars....population is what 350/400 million........would have been a better way to do it I think

[10:36] {nemo} check your math ese:

[10:36] {ese} everybody get 1 mil......nobody will want o steal......

[10:36] {nemo} 350,000,000 X1,000,000= 350,000,000,000,000

[10:36] {Threei} lol

[10:36] {ese} OK half a mil then

[10:36] {Threei} anyone actually understands that?

[10:37] {Threei} HIG...

[10:37] {Threei} HIG Exec: Does not make sense to become a leader in the annuity market (23.06, +0.05, 0.22%)

[10:37] {Threei} this is the reason for spike?

[10:38] {ese} 1/4 of a mil ?

[10:38] {nemo} you're a math teacher, aren't you?

[10:39] {Threei} HIG tortures me

[10:39] {magoo} u mean "us"

[10:39] {Threei} something happens there

[10:39] {Threei} but can't pinpojnt eh setup

[10:39] {ese} ya they chuck me into a math classroom when nobody else will do it

[10:39] {Threei} eh = the

[10:41] {dino} what the heck yesterday they admitted that they blew 85billion on gm,chrysler

[10:42] {dino} maybe should've just given us all a 50k auto

[10:42] {Threei} BCRX Stock trading higher ahead of Rodman & Renshaw conference presentation at 2:25pmET (11.39, +0.51, 4.69%)

[10:43] {Threei} HIG, I am crying

[10:43] {nemo} aig, I'm crying

[10:43] {Threei} VVUS

[10:43] {Threei} hard pullback

[10:44] {Threei} US) Reportedly a group of 20 congressmen have sent a letter to CFTC's Gensler requesting limitations on energy market speculators

[10:44] {Threei} imbecils

[10:48] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11amET

[10:48] {Threei} **consensus expectations:

[10:48] {Threei} Crude: -1.6Me

[10:48] {Threei} Gasoline: -1.4Me

[10:48] {Threei} Distillate: +750Ke

[10:49] {Threei} can't believe it

[10:49] {Threei} I am looking at HIG ever since it started touching 23 for a break

[10:49] {nemo} politician told the truth?

[10:49] {Threei} and can't find setup

[10:50] {Threei} and thing goes a buck

[10:50] {Threei} what was the name of that sitcom...

[10:50] {Threei} just shoot me

[10:50] {nemo} had that one shot at .05

[10:50] {nemo} pun intended

[10:51] {nemo} that was the name of the sitcom

[10:51] {nemo} George Segal

[10:52] {nemo} look at AIG go too

[10:52] {dino} amag

[10:56] {nemo} hig pullback

[10:58] {dino} out ebix .50,

[10:58] {dino} +1.59

[10:59] {larisa} gj

[10:59] {ese} nice dino

[10:59] {ese} what was you in 47?

[10:59] {dino} ty

[10:59] {ese} your

[10:59] {dino} 47.91

[10:59] {dino} posted above

[11:00] {ese} nemo dcc

[11:04] {dino} avav hl l .00 stop .68

[11:11] {Threei} US House Speaker Pelosi: Confident US Pres Obama will sign healthcare reform bill this year (related IYH )

[11:15] {dino} cstr stopped .59, -.15

[11:16] {dino} amag hmmm

[11:19] {ese} ahhhh come on swks.........should i take my 40 bucks and be done with it or should i hold on........lets have a board vote for fun

[11:19] {dino} hl l amag .80, stop .49

[11:20] {ese} am counting on vads assesment of this stock.....can bounce .10 in a heartbeat

[11:21] {ese} and this one is making 5 year highs.......keeps going up until it doesn't

[11:23] {dino} take the $

[11:23] {dino} mkt not cooperating

[11:23] {ese} ok......we have one take the money

[11:23] {Threei} all morning mkoves occured within 13 points NQ

[11:23] {dino} and buy me lunch

[11:23] {nemo} Yeah, go Steve Miller

[11:23] {Threei} be happy wqe found what we did

[11:24] {ese} true.......

[11:24] {nemo} No HOPE allowed

[11:24] {nemo} (as swks continues to creep higher)

[11:25] {Threei} I missed your entry ese

[11:25] {Threei} where are you in from?

[11:25] {ese} .01 vad

[11:25] {Threei} cool beans

[11:25] {Threei} sell half if in doubt

[11:25] {ese} 1k.....for the excitement of it all

[11:26] {Threei} trail stop to b/e

[11:26] {Threei} see if you get breakoput for the second half

[11:26] {Threei} sheesh, my typing becomes worse by minute

[11:27] {ese} done stop .02 to cover commision

[11:27] {nemo} amed running for strike Dino

[11:28] {ese} out 1/2 .22 +.21

[11:29] {ese} this is working like a plan

[11:29] {Threei} stress-free trading

[11:29] {dino} pretty much there imo nemo, 40s

[11:29] {nemo} vvus vad

[11:29] {ese} question is....how far will it go after .25

[11:29] {dino} hard stop .49 so let her trade

[11:29] {Threei} and just two years ago you didn't believe me it was possible

[11:29] {Threei} no read nemo

[11:29] {Threei} it's on my screen

[11:30] {Threei} Mitsubishi Motors Chrysler, Mitsubishi and Hyundai have ended manufacturing alliance

[11:30] {Threei} - Chrysler's GEMA plant would have produced engines for all three auto makers, will now make engines for Chrysler alone.

[11:31] {Threei} oil numbers soon

[11:32] {dino} sopped amag

[11:32] {nemo} huh? oh

[11:34] {dino} stopped....vad spelling issues

[11:34] {nemo} yeah

[11:34] {Threei} sorry dino

[11:34] {fernp} lol

[11:34] {dino} your fault vad

[11:34] {dino} :)

[11:35] {Threei} I know

[11:35] {Threei} UAUA is back to highs

[11:36] {nemo} you picked the bottom on amag dino

[11:37] {dino} f'ing amed

[11:37] {dino} amag

[11:37] {nemo} yeah

[11:39] {nemo} bullish oil report

[11:41] {dino} trgl?

[11:43] {_gnslng} .

[11:43] {nemo} ?

[11:44] {Threei} no news TRGL

[11:48] {dino} missed it

[11:49] {dino} cstr hl l .35 last try

[11:51] {Threei} hmm

[11:51] {Threei} I think I forgot to post oil numbers

[11:51] {Threei} *DOE CRUDE: -5.9M V -1.6ME; GASOLINE: +2.07M V -1.4ME; DISTILLATE: +1.99M V +750KE; CAPACITY UTILIZATION: 87.2% V 86.8%E.

[11:51] {Threei} - Distillate demand -15K bpd to 3.48M bpd

[11:51] {Threei} - Gasoline demand -195K bpd to 9.28M bpd

[11:51] {nemo} [11:39] {nemo} bullish oil report

[11:52] {Threei} case of inhale and exhale

[11:52] {Threei} don't add that much value {G}

[11:52] {Threei} market hasn't reacted either way anyway

[11:52] {nemo} yeah, should have had a question mark after it. ERX popped but then dropped back.

[11:53] {nemo} Loook oil inventory down....mmmmmhhh....gas inventory up

[12:03] {dino} trgl s .90

[12:03] {dino} hl

[12:03] {dino} prx

[12:11] {Threei} (US) Senator Baucus (D): President Obama has injected "new life" into the healthcare reform process in the Senate

[12:11] {Threei} - Senator Baucus says his committee's plan closely tracks Obama's priorities.

[12:14] {Threei} things are frozen solid

[12:15] {nemo} coma time

[12:16] {Threei} ese, look dcc please

[12:17] {nemo} see that volume spike on cstr dino

[12:18] {dino} y

[12:18] {dino} didn't move it

[12:18] {nemo} bringing some volume in though

[12:19] {dino} two edge sword

[12:21] {nemo} yeah, if it doesn't move it

[12:22] {dino} the only way it moves is if i get out

[12:22] {nemo} or i get in

[12:23] {dino} lol

[12:23] {nemo} wouldn't do that to you Dino

[12:23] {nemo} be guaranteed to test the low

[12:29] {dino} amag hl l .61 stop .39 last try

[12:34] {Threei} US) Fed's Lockhart: Must remain mindful of the global role of the USD, level of US public debt is sustainable despite recent growth; says Fed is not monitizing debt

[12:34] {nemo} Can't wait for Santa to visit

[12:35] {Threei} you arwe so cynical

[12:35] {Threei} I for one believe him

[12:35] {nemo} learned from you

[12:35] {Threei} well, magoo also learned typing from me

[12:35] {Threei} look where it got him

06[12:36] * nemo crawls in cave...closes door...pulls blanket over head

[12:36] {Threei} - US will depend less on the rest of the world to finance debt as current account balance shrinks

[12:37] {Threei} VVUS flatlined

[12:37] {Threei} often starts anther climb after such stall

[12:38] {Threei} let's say,

[12:38] {Threei} 15 long,

[12:38] {Threei} stop under 12,

[12:38] {Threei} and considering time of the day'

[12:39] {Threei} discretionary ttade

[12:39] {Threei} you likey - you takie

[12:40] {nemo} they heard you call your stop

[12:53] {Threei} stuill valid but I am not too jazzed about it

[12:54] {Threei} whole market is frozen

[12:54] {Threei} so we are in coma

[12:54] {Threei} HIG is active though

[12:57] {Threei} VVUS invalidated now

[13:05] {ese} yaaaaaaaaaaaaaaawn.........still watching swks.........somebody otta give it a good swks in the???? stock trading in slow motion

[13:08] {Threei} 44% Favor Presidents Health Care Plan, 53% Oppose

[13:11] {dino} avav stopped -.22

[13:12] {dino} cstr stopped -.27

[13:19] {Threei} want to start trying HIG for an ultimate breakout?

[13:19] {Threei} .400 break is long trigger

[13:19] {Threei} stop under .30 for daytraders

[13:19] {Threei} under .35 for hardcore scalpers

[13:20] {Threei} won't be ab easy trade by any means

[13:20] {magoo} ok

[13:21] {dino} rcl s .01

[13:29] {fernp} invalidate HIG, no?

[13:29] {nemo} broke .30

[13:29] {nemo} short below .25?

[13:30] {nemo} which is R2

[13:32] {Threei} HIG is kind of on and off

[13:32] {Threei} invalidated but can reestablish itself

[13:32] {Threei} US) Senior Fed Economist suggests 2% inflation target may be too low - WSJ

[13:32] {Threei} - higher target may be needed to avoid restraints while rates are extraordinarily low

[13:33] {nemo} I've got a real nasty thing to say to him

[13:33] {Threei} I don't

[13:33] {nemo} why

[13:33] {Threei} physical violence is the opnly thing I see as approriate

[13:33] {nemo} oh...man after my own heart

[13:33] {Threei} no words can help in this case

[13:36] {dino} the only way out is to re-inflate it

[13:37] {nemo} that's the problem, it's not working

[13:37] {dino} don't kid yourself, the powers that be want to remain in power

[13:37] {Threei} IA) US Officials: Iranian proposal does not necessarily respond to US concerns over nuclear program

[13:37] {nemo} I understand, but the ability to reinflate has been waning with each bubble...asymptotic

[13:37] {Threei} sure dino, but so far they just couldn't find the way to do that

[13:37] {Threei} right, what nemo said

[13:38] {nemo} I channeled that

[13:38] {Threei} there are voices that say:

[13:38] {dino} it will happen, world is just a bit afraid so propping $, give it time

[13:38] {nemo} Vad, that's sticking your chin out

[13:38] {Threei} no amount of money printed can return us to inflation at this point UNTIL we print enough to cover the debt

[13:38] {dino} nah

[13:39] {magoo} vad..mkt ram or rot in last hour and half iyo?

[13:39] {Threei} and with THIS amount of debt, we haven't started making a dent in it

[13:39] {dino} debt will not matter once dollar devalues

[13:39] {Threei} neither mags

[13:39] {nemo} if $ devalues who can afford what?

[13:39] {Threei} I am not saying those voices got it exactly right

[13:40] {Threei} but there is something to it

[13:40] {dino} hard assets go up nemo

[13:40] {nemo} but crushes consumer

[13:41] {Threei} HIG... pullback entry is obviously better way to play it,

[13:41] {Threei} problem is, unlike many stocks we play on pyullbacks,

[13:41] {Threei} this one doesn't form a minirange before bouncing back

[13:41] {dino} in beginning no, better than deflation by far. inflation is hidden until out of control, say over 10%

[13:43] {Threei} let's try conservative entry on HIG

[13:44] {Threei} broke, retreated a bit

[13:44] {Threei} if we are lucky, we may get pullback to .35 or so

[13:44] {magoo} nice chart

[13:44] {Threei} come on HIG, a bit more down

[13:45] {ese} come on swks...a bit more up

[13:46] {_gnslng} .

[13:46] {nemo} ?

[13:47] {ese} ?

[13:48] {Threei} \|/

[13:48] {fernp} i dont understand you

[13:48] {dino} rimm hl l .50rcl stopped -.06

[13:48] {nemo} amzn flying

[13:48] {Threei} very shallow pullback HIG

[13:49] {magoo} must confess...in

[13:49] {Threei} I suspected as much

[13:49] {nemo} where mags?

[13:49] {Threei} hate this kind where I can't give exact entry

[13:49] {dino} avav l .78 last try

[13:50] {Threei} let's compare notes mags

[13:50] {Threei} I took .38

[13:50] {Threei} you?

[13:50] {magoo} .25

[13:50] {Threei} I hate you

[13:51] {magoo} i know

[13:51] {larisa} .25 13:36? or earlier?

[13:51] {nemo} john 3:16

[13:51] {magoo} yes

[13:51] {nemo} clear as mud

[13:51] {larisa} perfect entry

[13:52] {magoo} been stalkin it all day

[13:52] {Threei} US Treasury's Geithner: Banking system has a lot more capital now - testimony Q

[13:52] {Threei} oh good

[13:52] {Threei} I am happy for them

[13:52] {dino} s/p broke highs 1038

[13:52] {dino} 39

[13:52] {Threei} financial system now is stronger than on the eve of the collapse - testimony Q

[13:52] {Threei} - Notes that the financial system is less likely to be a headwind

[13:53] {Threei} with guys like Geiithner, what chance do I ahve to defend my title of Captain Obvious?

[13:54] {nemo} you're toast

[13:54] {dino} rimm to b/e

[13:54] {Threei} Motorola Inc CO-CEO: MOT will announce a new smartphone product called Cliq today that is android based

[13:54] {Threei} - Aiming to unveil an additional smartphone in coming weeks. To sell Cliq through T-mobile in the US; and be available for holidays

[13:54] {Threei} - Note: on 8/28 MOT commented that it was building its phone business around the GOOG android platform

[13:57] {magoo} where u thinkin ecit vad?

[13:58] {Threei} ecit?

[13:58] {nemo} It's Threeish

[13:58] {Threei} exit? oh boy

[13:58] {ese} out in full, 1/2 lot swks .37 +.36

[13:59] {Threei} wtg ese

[13:59] {Threei} mags, you really need to distance yorself from me a bit

[13:59] {Threei} it progresses

[13:59] {ese} thats it for moi today everyone.....see you tomorrow......

[13:59] {Threei} take care ese

[13:59] {nemo} What's a half lot for you ese, 10k shares?

[13:59] {Threei} I'd think somewhere above .70 mags

[13:59] {ese} love that stress free trading style of yours vad

[13:59] {Threei} but partial

[13:59] {dino} out rimm +.20

[14:00] {ese} 500 shs.......should have been this time nemo

[14:00] {ese} cya

[14:00] {Threei} yeah... try to do it with stress for years, day in day out,

[14:00] {Threei} you'll be burnt out pretty fast

[14:00] {dino} cya es

[14:02] {dino} 9630 resis.

[14:02] {dino} bang

[14:08] {Threei} VNDA Hearing takeover chatter circulating

[14:08] {Threei} - Takeda rumored as potential acquirer (13.90, +0.67, 5.06%) (related 4502.JP )

[14:08] {Threei} suuure

[14:08] {Threei} rumor mill just goes over all the recent names

[14:09] {Threei} whoever bough at 14.17 a few min ago thinks now "jeez, let the buyout come soon enough and be at 14.20 at least"

[14:11] {dino} \out avav +.11

[14:16] {Threei} how did I miss BRCM

[14:16] {Threei} 38 breakout, textbook

[14:16] {nemo} you mean 30?

[14:17] {nemo} cat same at .28

[14:18] {Threei} and scanner had it

[14:18] {nemo} Mags' fault

[14:18] {Threei} must be

[14:19] {dino} avav l .01 ave

[14:24] {magoo} out .89 vad HIG TY

[14:24] {Threei} wtg

[14:25] {Threei} this one worked fine, except entry was tough to call

[14:26] {magoo} not showing my out, but got .89

[14:26] {Threei} 14:25, printed .89

[14:26] {dino} avav to .18

[14:27] {dino} swm

[14:28] {dino} out avav .22, +.21

[14:29] {dino} opps slippage ave .20

[14:29] {dino} titn all day stopped -.20

[14:32] {dino} swm s hl .06

[14:33] {Threei} BCRX Reiterates expects to begin the US phase 3 trials of Premavir flu treatment this fall and winter- conf slides

[14:33] {Threei} - the drug has already been in phase 3 trials in Asia. (10.89, +0.01, 0.09%)

[14:44] {dino} swm tighten bstop to .27

[14:46] {dino} dv

[14:51] {dino} omcl

[14:55] {dino} rcl s .55

[14:55] {Threei} HIG new high

[14:58] {Threei} interesting, no other finnie is that strong

[15:02] {Threei} good pullback

[15:02] {Threei} .90 break long

[15:02] {Threei} for bounce

[15:02] {Threei} styop under .85

[15:06] {Threei} no go

[15:09] {Threei} ZGEN Discloses prelim results of Phase2 study by MRK on rheumatoid arthritis did not meet pre specific level of diseas contol activity (6.38, -0.04, -0.62%) (related MRK )

[15:09] {Threei} ouch

[15:09] {dino} zgen

[15:09] {dino} opps

[15:10] {Threei} caught short just above 6

[15:10] {Threei} out 5.60

[15:12] {dino} reload?

[15:12] {Threei} not sure

[15:12] {Threei} forst reaction is emotions

[15:13] {Threei} for another entry gotta look into company

[15:13] {Threei} what else do they have ina pipeline

[15:13] {Threei} how important this particular drug was for them

[15:14] {dino} gut says if gets close to hod short it

[15:15] {dptl} have a good evening all

[15:15] {Threei} take care dp

[15:15] {dino} cya dpppppppp

[15:16] {dptl} :)

[15:20] {dino} rcl to .45

[15:20] {dino} cov +.10

[15:28] {dino} zgen s .10

[15:30] {dino} swm stopped -.21

[15:30] {fernp} have a good evening everybody. see u all tomorrow

[15:30] {Threei} take care fern

[15:30] {dino} cya fern

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

[15:31] {Threei} - NYSE volume 895M shares, about 6% above its three-month average; advancers lead decliners by 2.3:1.

[15:31] {Threei} - NASDAQ volume 2.03B shares, about 12% above its three-month average; advancers lead decliners by 1.3:1.

[15:31] {Threei} - VIX index -2.75% to just over 23.50

[15:32] {Threei} joined you dino

[15:32] {Threei} stop above .20

[15:33] {Threei} doesn't want to drop

[15:33] {Threei} oh well

[15:33] {nemo} market rising

[15:33] {dino} nope

[15:33] {Threei} ZFEN has nothing to do with market direction

[15:33] {dino} zgen that is

[15:33] {Threei} ZGEN'

[15:34] {dino} seems bad is good for it

[15:35] {Threei} no signs of late day run in UAUA

[15:36] {Threei} nor VVUS

[15:36] {magoo} how about hig

[15:36] {Threei} just sits there as well

[15:37] {Threei} although this one can spike out of nowhere

[15:43] {Threei} C Citigroup officers win dismissal of auction rate securities (ARS) lawsuit that claimed they manipulated the market (4.72, +0.06, 1.29%)

[15:43] {Threei} SEC will propose new rules on Flash orders on Sept 17

[15:43] {Threei} imbecils

[15:44] {dino} avav l .75

[15:48] {Threei} okay guys, don't want to engage in anything this late

[15:49] {Threei} too slow day

[15:49] {dino} trgl stopped -.12

[15:49] {Threei} except morning plays, nothing much came about

[15:49] {Threei} somehowI slept through BRCM perfect setup though

[15:49] {Threei} oh well

[15:49] {Threei} have a good evening, see you tomorrow

[15:50] {dino} nav l .30

[15:50] {larisa} bye :)

[15:51] {dino} cya larisa

[15:51] {larisa} :)

[15:57] {dino} nav stopped

[15:58] {dino} avav out .86 +.11

Sep 09 2009

Slow climb continues, and as it's often the case in this type of the market, we are having profitable but somewhat boring days. Among all the usuals like HIG, AXL, GE etc, one momo trader was VVUS. I wanted to say "exciting" but one has to be careful speaking of this particular name.

Session Time: Wed Sep 09 00:00:00 2009

[07:50] {nemo} you there

[07:56] {magoo} morning

[07:56] {nemo} magus :)

[07:57] {magoo} cap'n

[08:06] {magoo} opxa selling off

[08:09] {Threei} September 09, 2009 12:11:00 AM

[08:09] {Threei} Aruba Networks Wireless LANs have been deployed by Britthaven

[08:09] {Threei} - Britthaven, Inc. has deployed adaptive Wi-Fi networks across 60 skilled nursing facilities and retirement homes in Kentucky, North Carolina, and Virginia.

[08:09] {Threei} - The facilities range in size from 37 to 250 beds, and many feature specialized therapy services and 24 x 7 admissions.

[08:09] {Threei} - Pharmacy management and access to clinical documentation are business-critical tasks that require secure, reliable connectivity.

[08:09] {Threei} ARUN Wedbush Morgan Raised ARUN to Buy from Hold, price target: $11

[08:16] {magoo} morn vad:)

[08:16] {Threei} mags :)

[08:20] {magoo} i believe AAPL has some news today, out yuetr?

[08:20] {magoo} yet

[08:20] {nemo} speaking french mags?

[08:21] {Threei} AAPL Apple Insider speculates that company to lowes prices accross the IPod product range at today's event

[08:30] {Threei} US) Fed's Evans: Recovery has begun in the US, expects unemployment to rise over 10%

[08:42] {Threei} jeez... look who is back on airwaves

[08:42] {Threei} US) Former Fed Chairman Greenspan: Could take until the end of 2009 before inventories are fully exhausted, expects "fairly pronounced" recovery in US and globally

[08:42] {Threei} - Excessive inventories remain in the system

[08:43] {Threei} some just can't shut up

[08:43] {Threei} it's as if they wake up in the morning and think, have I caused enough damage or I can do some more for my country

[08:46] {magoo} news HITK vad?

[08:46] {Threei} no

[08:47] {Threei} US) Fed's Evans: Unsure about the Fed's role in deflating asset bubbles

[08:48] {Threei} Note: Fed's Bernanke is firmly against the idea of using monetary to burst asset price bubble

[08:48] {Threei} do we hold our breath for them to acknowledge that the very Fed existence CREATES bubbles?

[08:49] {nemo} no

[08:52] {magoo} vvus news vad?

[08:53] {Threei} 6:01:41 AM

[08:53] {Threei} VIVUS, Inc Two Phase III studies in Qnexa met all primary endpoints

[08:53] {Threei} - The EQUIP and CONQUER studies met all primary endpoints by demonstrating statistically significant weight loss with all three doses of Qnexa, as compared to placebo. Patients taking Qnexa also achieved significant improvements in cardiovascular and metabolic risk factors including blood pressure, lipid levels, and type 2 diabetes.

[08:54] {magoo} hm..phase 3 good

[08:54] {magoo} 12 today ??

[08:55] {Threei} Tuesday, September 08, 2009 4:35:33 PM

[08:55] {Threei} VIVUS, Inc Trades higher after disclosing it will announce results of Phase III obesity drug trial tomorrow morning

[08:55] {Threei} - plans to announce the results from the EQUIP and CONQUER Qnexa phase 3 obesity clinical trials on September 9th prior to market open. The announcement will be followed by a webcast and conference call at 8:00 a.m. Eastern time.

[08:56] {magoo} big volume here

[08:57] {Threei} certainly candidate

[08:57] {Threei} - Qnexa is also in phase 2 clinical development for the treatment of type 2 diabetes. In the area of sexual health, VIVUS is in phase 3 development with avanafil, a potentially best-in-class PDE5 inhibitor, and in phase 2 development of Luramist for the treatment of hypoactive sexual desire disorder (HSDD) in women. MUSE (alprostadil), a first generation therapy for the treatment of ED, is already on the market and generating revenue for VIVUS.

[08:58] {Threei} VVUS is trying to return to former glory

[08:58] {Threei} used to be a hihgflier, somewhere in 90s, until Viagra came around

[08:59] {magoo} hypoactive sexual desire disorder (HSDD) in women. MUSE (alprostadil),

[08:59] {magoo} leave that alone

[09:01] {nemo} marriage causes it

[09:02] {magoo} just the opposite

[09:02] {magoo} hypoactive sexual desire disorder

[09:02] {magoo} desire

[09:02] {nemo} yeah opposite of hyper

[09:02] {Threei} Former Fed Chair Greenspan: Rising Gold prices is strictly a monetary phonomenon

[09:02] {nemo} duh

[09:03] {magoo} definately the player today vad

[09:03] {magoo} in .75

[09:04] {magoo} out .04

[09:04] {magoo} warmin up :)

[09:04] {Threei} hehe... beat you by 5 cents on entry and 1 on exit

[09:05] {magoo} going to regrett that exit im sure

[09:05] {magoo} rude lol

[09:05] {nemo} hehehe

[09:06] {nemo} too many jokes in this stock

[09:06] {Threei} not reentering it before open unless pulls back significantly

[09:06] {Threei} it's volatility on the open will be brutal

[09:06] {fernp} good morning everybody

[09:06] {Threei} fern :)

[09:07] {Threei} be back in

[09:07] {Threei} 10

[09:07] {Threei} behave

[09:07] {nemo} speaking of volatility, how's aig look

[09:07] {Threei} umm... wrong

[09:07] {Threei} don't misbehave!

[09:07] {nemo} define that please

[09:07] {fernp} ave

[09:08] {fernp} sorry.. wrong windows

[09:08] {magoo} not so good imo..aig

[09:08] {magoo} sheesh

06[09:08] * magoo slaps fernp around a bit with a large trout

[09:08] {dino} gm all

[09:10] {nemo} lari dino :)

[09:10] {larisa} good morning :)

[09:10] {dino} :)

[09:17] {nemo} mags..aig may have double bottomed

[09:19] {Threei} dino, larisa :)

[09:20] {larisa} :)

[09:22] {dptl} good morning all

[09:24] {larisa} gm dp

[09:24] {Threei} dp :)

[09:24] {ese} good morning.........

[09:24] {Threei} ese :)

[09:25] {ese} looked at the pictures last night vad........love em.......especially some of the especially ones

[09:25] {ese} the individual ones

[09:25] {Threei} good to hear :)

[09:26] {Threei} let me know if you need any of them in hi res

[09:26] {ese} definately.....would like to get some of them up on the website and hopefully into a promo package

[09:27] {Threei} cool beans

06[09:27] * Threei changes his profession

[09:28] {ese} indeed........

[09:28] {Threei} couldn't bring myself to buy VVUS on this last pullback

[09:28] {Threei} you mags?

[09:29] {Threei} guys keeop AXL on a backburner somewhere

[09:29] {Threei} break of 6

[09:29] {Threei} cionsolidates for days

[09:30] {nemo} mags...aig

[09:30] {magoo} not interested in it here

[09:30] {nemo} had nice bounce

[09:31] {ese} FIG

[09:35] {dino} smg

[09:35] {Threei} great

[09:35] {Threei} look what I typed

[09:35] {Threei} Long Setup: HIG .15

[09:36] {nemo} neural implant

[09:36] {nemo} you get back in vvus at .80 mags?

[09:36] {nemo} 10.80 that is

[09:37] {Threei} 12 is coming

[09:38] {Threei} HIG pullback

[09:38] {Threei} see if it dives under .20

[09:38] {Threei} try for long entry as close to .10 as possible

[09:39] {ese} l sndk .82

[09:41] {ese} out sndk .96 +.14

[09:42] {Threei} NVAX Hearing takeover chatter circulating

[09:42] {Threei} - Novartis rumored as potential acquirer (6.18, +0.18, 3.00%) (related NVS )

[09:42] {Threei} anyone caught HIG?

[09:43] {ese} not I....was into sndk

[09:44] {ese} L nvax .15

[09:44] {fernp} i am in HIG from .17

[09:44] {Threei} you have 1:2

[09:44] {magoo} missed..was playin vvus

[09:45] {fernp} ty Vad exited .30

[09:45] {Threei} :)

[09:45] {Threei} good reflexes

[09:46] {Threei} AIG still not shirtable

[09:46] {Threei} thought on .50 short

[09:46] {ese} out NVAX .24 +.09

[09:46] {Threei} invalidated anyway, lol

[09:46] {magoo} no shirt..no service lol

[09:46] {nemo} no tickee

[09:47] {Threei} CSIQ Announces 10 MW Co-Operation Memorandum of Understanding with LG in Korea

[09:47] {ese} opps make that .235 to be exact

[09:47] {ese} tks for that one vad

[09:48] {Threei} never called it... it was all you

[09:48] {ese} wasn't it you who posted the news item

[09:48] {Threei} VVUS... pace pick up

[09:48] {ese} ?

[09:48] {ese} got me onto it

[09:48] {Threei} okay...

[09:49] {Threei} VICL Hearing takeover chatter

[09:49] {Threei} - TEVA rumored as potential acquirer above $10/shr (5.13, +0.11, 2.19%) (related TEVA )

[09:49] {Threei} what the

[09:50] {Threei} rumor city

[09:51] {fernp} SYMC interesting daily and and breaking .65 right now

[09:53] {magoo} who ever liked AIG had good read

[09:53] {magoo} im just focudsed vvus

[09:53] {magoo} 13 im thinking

[09:55] {Threei} HIG, watch for pullback under .50

[09:55] {magoo} bummed missed that..NICE vad

[09:55] {Threei} thinking entry near .40, maybe even lower

[09:55] {magoo} im in vvus rd 3

[09:55] {magoo} .95

[09:56] {Threei} was tough to alert exact entry mags

[09:56] {dino} ems

[09:56] {ese} i like HITK but the spread....sheesh

[09:56] {magoo} vvus is tough to handle with others'

[09:56] {magoo} out .24

[09:57] {ese} like that .16 cents .......no thanks

[09:58] {magoo} rd 4 in .20

[09:59] {magoo} oput .34

[09:59] {magoo} will look to reload

[10:01] {ese} L orcl .12

[10:01] {ese} yesterdays high

[10:02] {Threei} Long Setup: HIG .50 break

[10:02] {Threei} if holding .40

[10:04] {Threei} Long Setup: VVUS .50 half lot

[10:04] {Threei} if holding .30

[10:05] {magoo} in hig-mont

[10:05] {Threei} Long Setup: VVUS .15 half lot

[10:05] {Threei} if holding 12

[10:06] {ese} out orcl .17 +.05

[10:06] {dino} sm s rcl .80

[10:06] {magoo} JAZZ playin

[10:07] {ese} indeed it is

[10:08] {Threei} no go VVUS

[10:08] {magoo} read on JAZZ vaz?

[10:08] {Threei} kidding?

[10:08] {nemo} 1:1 hig

[10:08] {magoo} i never kid on MOMO

[10:09] {dino} ems

[10:10] {dino} stec

[10:11] {fernp} TY Vad +.10 HIG

[10:11] {dino} nflx

[10:11] {Threei} this time not looking for entry abiove .40 HIG

[10:11] {Threei} want it lower

[10:12] {Threei} wow

[10:12] {magoo} was there hig news?

[10:12] {nemo} what wow?

[10:12] {Threei} NFLXC news some 8 min ago

[10:12] {Threei} why spike now

[10:12] {Threei} NFLX Exec: Seeing strong earnings growth due to streaming business; FY09 earnings seen growing above +10% mark

[10:12] {Threei} - Streaming video segment is seen as gaining traction (41.62, +0.14, 0.34%)

[10:13] {Threei} nothing fresh on HIG mags

[10:13] {nemo} bouncing off yesterday close

[10:13] {magoo} like everything

[10:15] {ese} Lener pullback

[10:15] {ese} .04

[10:17] {_slentz} still in hig ?

[10:18] {Threei} not me, scalping mode

[10:18] {Threei} 1:1 is hit, out

[10:18] {magoo} whats 1:1 mean again?

[10:18] {Threei} sigh

[10:18] {Threei} someone slap him for me please

06[10:19] * nemo slaps magoo around a bit with a large nail infested 2X4

[10:19] {Threei} NVAX goes a bit crazy

[10:20] {ese} now that was funny mags

[10:23] {Threei} HIG becomes more inteersting for another entry

[10:23] {Threei} not quite reaADY YET

[10:24] {dino} hl s smg .25

[10:28] {ese} L ener again avg price .91

[10:33] {Threei} moves are somewhat strange, tough to nail down entries

[10:33] {Threei} HIG for instance:

[10:33] {Threei} price wise, it did what I wanted and expected,

[10:33] {Threei} diving under .40 and giving scalpable bounce

[10:34] {Threei} but volume and pace were so steady, no clean read on entry

[10:34] {Threei} NFLX again

[10:42] {dino} amed l .50

[10:42] {dino} hl

[10:43] {ese} L ener avg price .86

[10:43] {Threei} About $20B Loaned to GM, Chrysler Probably Will Not Be Repaid

[10:44] {Threei} hmmm... why?

[10:44] {Threei} Long Setup: BRCM .50 break if holding above .40

[10:45] {Threei} for hardcore scalpers .45

[10:45] {dino} smg to .01

[10:46] {dino} to .95

[10:46] {dino} to .85

[10:47] {dino} cov, +.40 smg

[10:47] {Threei} lol... VVUS morning hysteria took attention from AXL

[10:47] {Threei} anyone played it?

[10:47] {larisa} no, but i noticed it worked :)

[10:47] {Threei} [09:29] {Alert} Threei guys keeop AXL on a backburner somewhere

[10:47] {Threei} [09:29] {Alert} Threei break of 6

[10:47] {Threei} [09:29] {Alert} Threei cionsolidates for days

[10:51] {dino} amed to .74

[10:52] {dino} out amed .80, +.30

[10:54] {Threei} Long Setup: AXL 6.05 break

[10:54] {Threei} if stays above 6

[10:55] {dino} cisg hl l .90

[10:56] {dino} .oo i mean

[11:00] {dino} cisg stuck, tighten to .88

[11:02] {dino} rcl stopped -.23

[11:04] {ese} l qqqq's .03

[11:09] {ese} out qqqq's .02 -.01

[11:10] {Threei} you are not giving them too long leash, are you :)

[11:10] {dino} esi sm l .70

[11:10] {larisa} MTXX why is it happy ?

[11:10] {ese} no not today.....although i was watching ener yesterday and am setting up for a long play here

[11:11] {Threei} no news larisa

[11:11] {Threei} maybe it smoked something nice

[11:12] {Threei} or maybe another round of rumors about FDA and sense of smell

[11:12] {fernp} 1:1 AXL ty Vad

[11:12] {Threei} ese... if you took AXL in your usual fashion, tick over .10 gives you about all you need to 20K little buggers

[11:12] {Threei} fern :)

[11:12] {ese} will look at that

[11:12] {Threei} ummm

[11:12] {Threei} too late

[11:12] {Threei} call was .05

[11:12] {dino} cisg stopped -.13

[11:13] {Threei} I thought you'd be interested, it's very your style play

[11:13] {Threei} big liquidity, easy to play nice size

[11:13] {Threei} clean breakout

[11:13] {Threei} here we go

[11:13] {Threei} over 1:1

[11:14] {ese} L axl .1099 to be exact

[11:14] {_slentz} stay in

[11:14] {Threei} not me

[11:14] {Threei} I am still in scalping mode

[11:17] {Threei} 1:2

[11:17] {ese} out axl .15

[11:17] {Threei} for those who held which is not me :)

[11:17] {Threei} lol ese

[11:17] {ese} +.04 10k

[11:17] {Threei} you bought where I said to sell IF you had bought where I called it

[11:17] {Threei} and still made money

[11:17] {_slentz} out .15

[11:17] {Threei} those drummers...

[11:18] {ese} tks vad

[11:18] {Threei} welcome of course... but please... don't chase my calls that much

[11:19] {ese} WHAT?????

[11:19] {Threei} lol

[11:19] {Threei} ok, lookie here

[11:19] {Threei} 10:54] {Alert} Threei Long Setup: AXL 6.05 break

[11:19] {Threei} [10:55] {Alert} Threei if stays above 6

[11:19] {Threei} that was original call

[11:20] {ese} that one put me over the $1000 for today....time to go into work

[11:20] {Threei} then, thinking that you may have liked it and entered I commented for tou

[11:20] {Threei} that tick over .10 gives you exit for 1;1

[11:20] {Threei} didn't mean for you to BUY there, lol

[11:20] {magoo} theres that 1:1 again...confused

[11:20] {Threei} but hey... whatever oputs you over $1000

[11:21] {Threei} mags... let me add to your confusion and say it's at 1:2 already

[11:21] {magoo} oy

[11:21] {Threei} and coming onto 1:3

[11:21] {Threei} ese... see now what happened?

[11:22] {ese} hmmmmmmmm.......naw....stick wih the plan

[11:22] {ese} drys going nuts

[11:23] {Threei} I mean misundferatdning about how to play AXL

[11:23] {ese} ahhhhhhhh gotcha

[11:26] {ese} one of the biggest things i've learned here vad.........

[11:27] {ese} even though i can see that i would have made $1300 dollars here

[11:27] {ese} in axl

[11:27] {ese} it doesnt bother me

[11:27] {Threei} :)

[11:28] {ese} i have my tiddy little 3 to$400 profit

[11:28] {Threei} traders deal in reality

[11:28] {ese} thats good enough

[11:28] {Threei} "what if" is for analysts

[11:28] {ese} definately......

[11:28] {Threei} or, as gunslingers in novel I and dino liked said,

[11:28] {Threei} we deal in lead

[11:28] {Threei} cute... lol

[11:28] {ese} am very relaxed that way.......

[11:29] {ese} ha hah lol

[11:29] {ese} too funny

[11:29] {magoo} ok..i have to leave for rest of day..ty vad..everyone..good day..see u all tomorrow

[11:29] {dino} lead, ahh yes

[11:29] {Threei} magoo read that too but I don't want to acknowledge magoo can read

[11:30] {Threei} take care mags :)

[11:30] {dino} magoo does not read

[11:31] {Threei} and I still haven't forgiven him for not watching movie I recommnded 5 years ago

[11:32] {magoo} my wife says write it down and she'll rent it..but sghe cabt read me wreitin

[11:32] {Threei} no qwonder... who could

[11:33] {magoo} :0

[11:33] {ese} by the way dino...bought my new Taylor Made Burnner driver 460cc bullet shaped head regular flex

[11:33] {ese} 2008 model

[11:34] {ese} went to a club fitting place made the shaft with my swing and also matched it up with a Bridgestone ball

[11:34] {ese} matched

[11:36] {dino} sweet

[11:36] {Threei} US Treasury's Geithner: Americans had spent too much and invested too little in the past; Americans beginning to save once more

[11:36] {Threei} - Calls for US to regain educational lead

[11:36] {Threei} can't even beging telling how much this guy irritates me

[11:36] {ese} how about canadians on that point as well

[11:37] {Threei} maybe it's age... a lot of people irritae me, lol

[11:37] {larisa} those who invested a lot not happy these days also :)

[11:37] {Threei} heck, my own reflection in the mirror/...

[11:37] {Threei} no kidding larisa

[11:38] {dino} bingo larisa

[11:38] {Threei} and if/when they start monetizing debt and inflating their way out of it, those who kept money in the mattress won't be happy either

[11:38] {dino} if they invested more would have lost more

[11:39] {ese} dino .....my golf post above

[11:39] {Threei} BRCM...

[11:39] {ese} will have to take the club back if i don't get your approval

[11:40] {dino} smlc

[11:40] {dino} hitk

[11:40] {dino} tru

[11:41] {dino} es saw it "sweet", enjoy buddy

[11:41] {ese} ahhhhhhhhh can rest easy

[11:41] {dino} lol. busy here

[11:42] {Threei} US Senator Baucus(D): Can move forward on healthcare reform without republican support - unconfirmed report

[11:42] {Threei} translation: can... but scared to death

[11:44] {dino} my bet 3i, is they will.a beer on it

[11:45] {dino} hitk nemo or es?

[11:46] {ese} was watching it

[11:46] {ese} spread drove me crazy though ealier

[11:46] {dino} esi to .10

[11:47] {ese} up to 16 pts at one point

[11:47] {dino} make it .20

[11:47] {dino} hitk? 16

[11:48] {ese} if the stock is over 100 ok ...but a 20 dollar stock?????

[11:48] {ese} basic spread right now seems to be .06

[11:49] {dino} out esi .20, +.50

[11:49] {ese} nice

[11:49] {dino} ty

[11:50] {Threei} 78% Say All Americans Should Be Able To Buy The Health Insurance That Congress Has

[11:52] {dino} lol i'm sure they can buy it, but can they afford it?

[11:52] {dino} congress gets it for free

[11:52] {ese} it should be free to you as well dino

[11:53] {Threei} dino, I'll take the bet

[11:53] {ese} i'm from saskatchewan where health care was initialted here in canada

[11:53] {Threei} nearest cruise we meet on, beer on a losing side

[11:54] {dino} ok

[11:54] {ese} Tommy Douglas....premier of the province .......

[11:54] {Threei} my bet:

[11:55] {ese} measure of a civilized society.......takes care of it's own

[11:55] {Threei} dems won't risk pushing through full blown plan with public option without republicans support

[11:55] {larisa} Social sec, medicare were passed without republicans in the past.

[11:56] {Threei} hey... we are not arguing... we are betting :)

[11:56] {dino} i'm afraid it's a tax issue es. govt already broke on medicare, medicaid, and soon social security

[11:56] {ese} hmmmmmmm

[11:57] {dino} weell 3i, they will get one orvtwo republicans, imo

[11:57] {dino} but sure bet on

[11:57] {Threei} with public option - no way

[11:57] {Threei} the only way something gets done is heavy compromise

[11:57] {Threei} on bnoth sides

[11:57] {Threei} and public option will be first vicitm

[11:57] {dino} i think they ram it thru. we'll see. i am wrong every day

[11:57] {Threei} BRCM invalidated

[11:58] {ese} well .....hmmmmm.............producing a few less supersonic attack aircraft should od it for you........of course you can just buy the stock and away you go.......hmmmmmmm

[11:58] {ese} ya......forget it

[11:59] {dino} lol. we are talking trillions. i suppose just print it. what the heck obama running deficits higher than last 20 years combined

[12:00] {dino} but as you see, i am a supply sider, reagan had it right

[12:00] {Threei} well... there is that one little problem with printing... :)

[12:00] {dino} anyway back to work

[12:00] {Threei} yeah

[12:00] {Threei} let's leave them to argue

[12:01] {dino} right, doesn't matter what i think. when 43% don't pay any taxes, my voice gets drowned out

[12:02] {Threei} yup... old political game... buy votes by redistribution,

[12:02] {Threei} build your base by giving out to many what you take from few

[12:02] {Threei} few will be irritated but their votes are few

[12:02] {dino} rcl hl s .52 last try

[12:02] {Threei} many will get little but will vote en masse

[12:04] {dino} thats why he spoke to the school kids about responsibility and education, they will need it to pay off these debts he is creating, lol

06[12:17] * Threei slaps laserdave around a bit with a large alarm clock

[12:20] {nemo} frickin power outage, how much I miss?

[12:21] {Threei} ummm

[12:21] {Threei} fighting temtation to tell you "5 plays, 12 bucks each"

[12:21] {Threei} but in reality, AXL nice move is all

[12:21] {nemo} that I wouldn't believe

[12:21] {nemo} that I would believe

[12:21] {Threei} BRCM invalidated, never triigered

[12:22] {Threei} and we discussed whether magoo can read

[12:22] {Threei} and decided that no, he can't

[12:23] {nemo} for some reason lrn comes up when I start up laser..It was a nice short at 11:45

[12:26] {Threei} you must have put it on your screen at some point before re-saving layout

[12:26] {nemo} yeah

[12:26] {Threei} layout saves all the changes you made plus symbols you have on at the moment

[12:27] {nemo} hey, I just got an email in russian. I'll send it to you. Have no idea what it says

[12:31] {Threei} you don't want to

[12:31] {nemo} figured

[12:31] {Threei} and for pete's sake don't click any links in it

[12:32] {nemo} Nope

[12:34] {Threei} NFLX Time Warner CEO: Netflix does not give us "the right economics"

[12:34] {Threei} huh?

[12:37] {Threei} ONXX CEO: Expects to release breast cancer data soon (33.04, +0.61, 1.88%)

[12:39] {Threei} VVUS again...

[12:40] {nemo} jeez aig had a nice run this morning with that bull flag

[12:41] {dino} jdas s .04

[12:45] {dino} jdas to flat

[12:59] {Threei} market is immobile for an hour and half

[12:59] {Threei} but consolidates at high

[12:59] {dino} jdas to .92

[13:00] {nemo} next resistance .85 dino?

[13:00] {Threei} bears counting on september being historically bad month andf all this crap, are in for another round of pain

[13:00] {dino} just trailing tight nemo, to .90

[13:02] {dino} feels like whoosh down coming

[13:02] {dino} ion jdas

[13:02] {dino} in

[13:03] {nemo} gets through .85 probably .55 anyway

[13:03] {dino} lets hope

[13:03] {dino} tighten to .88

[13:03] {nemo} sorry, too old for hope

[13:04] {dino} good point

[13:04] {Threei} "Hope dies last"

[13:04] {dino} hope is the enemy

[13:04] {Threei} which means no one is too old for hope... it's outlive you anyway

[13:04] {dino} trust, but look for exits

[13:04] {dino} to .86

[13:05] {Threei} yeah... "The nights are quite in Ukraine but let's re-hide the pork bellies"

[13:05] {Threei} quyiet

[13:05] {Threei} quiet

[13:05] {nemo} skip it

[13:05] {Threei} there... just third try

[13:05] {dino} lol

[13:06] {Threei} communicating with magoo too much...

[13:06] {dino} to .84 stingy exits

[13:06] {dino} ugh, ave out .87, +.17

[13:07] {dino} vad, pull the plug on rcl

[13:07] {dino} gold drop

[13:07] {Threei} what do you want from it?

[13:08] {Threei} RCL

[13:08] {dino} i'm short at .52

[13:09] {Threei} ok

[13:09] {Threei} let's see what we can do

[13:09] {Threei} why is it happy anyway

[13:10] {Threei} it's not like people book cruises left anfd right... do they?

[13:10] {Threei} hmmm

[13:10] {Threei} VVUS Hearing JMP Securities raises price target to $18 from $11 (timing uncertain)

[13:10] {Threei} - reiterates Outperform rating (11.85, +4.94, 71.49%)

[13:10] {Threei} VVUS Hearing downgraded to Hold from Buy rating at Canaccord (timing uncertain) (11.80, +4.89, 70.77%)

[13:10] {Threei} whatever

06[13:12] * Threei hits RCL over the head with big reminder that people have no money for fancy cruises

[13:12] {dino} ty

[13:13] {nemo} frickin shakeout in jdas...thought that might be...that spike was only 3k shares

[13:13] {dino} cby

[13:13] {dino} there are better worlds

[13:14] {nemo} just for edumacation

[13:14] {dino} miised cby

[13:14] {dino} and missed too

[13:14] {nemo} Mises cby :)

[13:16] {Threei} GSK FDA advisory panel backs Cervarix for effectiveness; prevents cervical cancer (39.25, +0.23, 0.59%) (related MRK )

[13:16] {nemo} cat on a steady climb today too

[13:30] {Threei} better RCL

[13:31] {dino} y

[13:34] {dino} shw

[13:38] {laserdave} GS intersting guys

[13:38] {laserdave} no idea if you already talked about it

[13:39] {laserdave} its failed at 170$ quite a few times

[13:39] {Threei} we didn't

[13:39] {Threei} no one is supposed to talk about GS

[13:39] {laserdave} 52 week high also 170.94

[13:39] {nemo} when did you institute that rule

[13:39] {laserdave} i know its a tuff trader that one

[13:39] {nemo} 170 is R3

[13:40] {Threei} it's a rule of universe

[13:40] {laserdave} haha

[13:40] {Threei} speak not of GS, lest you be spoken of by it

[13:40] {nemo} GS your daddy vad

[13:40] {laserdave} ummm gs has spoke to me before

[13:40] {laserdave} he wasnt very nice

[13:41] {Threei} that's heavy drinking dave

[13:42] {laserdave} GE 15$ level

[13:44] {nemo} bid's seem to be garnering most of the interest on GE

[13:49] {Threei} wow

[13:50] {Threei} just how much buying can it take to move 1 cent, lol

[13:50] {nemo} you mean ge?

[13:50] {Threei} what else is being discussed ?

[13:51] {nemo} gs

[13:51] {Threei} woohoo

[13:51] {Threei} 3 cents

[13:51] {nemo} be nice vad

[13:51] {Threei} huh?

[13:51] {nemo} LD trades like ese

[13:51] {Threei} is today some drandiose holiday I am not aware about?

[13:52] {nemo} poor Dave, no wonder he never pipes up

[13:54] {ese} outta here all.....see ya tomorrow

[13:54] {Threei} take care ese

[13:54] {fernp} bye ese

[13:55] {dino} cya es

[13:55] {nemo} ese

[13:56] {Threei} Fed's Fisher: Lack of pricing power keeping inflation lower; Fed should not buy more treasuries

[13:57] {Threei} Comments that deflation is biggest risk to price stability

[14:00] {Threei} FED'S BEIGE BOOK: 5 OF 12 DISTRICTS NOTED SIGNED OF IMPROVEMENT

[14:01] {Threei} - Tight credit standards in most districts; wage pressures minimal in all districts with loan demand

[14:03] {Threei} GSK FDA panel voted 11-1 for Cervarix safety (39.29, +0.27, 0.69%)

[14:15] {Threei} GE becomes interesting for bounce scalp

[14:16] {nemo} poor dave

[14:17] {dino} rcl to .33

[14:18] {Threei} this should be last leg down in GE

[14:19] {Threei} in .79

[14:19] {Threei} stop .74

[14:20] {Threei} US Rep Frank; Sees unlikely that a sugar(soda) tax will be implementedin the health care reform bill (related HANS )

[14:21] {dino} to .24

[14:22] {dino} out/cov rcl +.28

[14:22] {Threei} wtg

[14:23] {dino} ty

[14:23] {Threei} stop to .77

[14:25] {Threei} lol, 2 cents stop

[14:25] {Threei} talk about tight risk control

[14:26] {Threei} ciould just as well take 4 cents profit? {G}

[14:29] {Threei} was it out of bounds print?

[14:29] {Threei} I never saw price actually moving to .89

[14:29] {dino} dk

[14:30] {fernp} no. never touched .89

[14:31] {Threei} ty

[14:31] {Threei} 1;1 btw

[14:31] {dino} shw hl l .20

[14:31] {fernp} ty I am out

[14:32] {Threei} out too

[14:32] {Threei} if I may say so myself, impeccable timing on entry

[14:32] {Threei} Market Internals update at 2:30pmET

[14:32] {Threei} - NYSE volume 795M shares, about 14% above its three-month average; advancers lead decliners by 2.2:1.

[14:32] {Threei} - NASDAQ volume 1.82B shares, about 19% above its three-month average; advancers lead decliners by 2.1:1.

[14:32] {Threei} - VIX index -3.7% to just over 24.50

[14:32] {nemo} easy on the shoulder vad

[14:33] {Threei} US President Obama in speech to Congress later today will reportedly call for a public health option as part of reform (related IYH )

[14:34] {Threei} Scilla and Charibda...

[14:34] {nemo} yeah, and the siren song of the Messiah

[14:36] {dino} gj

[14:39] {dino} shw stopped -.25

[14:41] {jmb} Thanks for GE Vad

[14:41] {Threei} :)

[14:41] {Threei} let's all slap nemo?

[14:42] {nemo} why?

[14:42] {Threei} well... I don't even know where to begin

[14:42] {nemo} that's my point

[14:42] {Threei} simplest way to put it would probably be:

[14:42] {Threei} why not?

[14:42] {nemo} sure life's not fair...have at it

[14:44] {dino} roflol

[14:45] {nemo} let's see.....er 10 30 round magazines

[14:45] {nemo} box of 1000 rnds, 223

[14:45] {nemo} mmmhhh...12 gauge..yeah...good

[14:45] {dino} my son is taking the safety course this week

[14:46] {nemo} how old is he

[14:46] {dino} 12

[14:46] {nemo} top 3 issues: safety, safety, safety

[14:46] {dino} amed hl l .40\

[14:47] {dino} yes nemo, indeed

[14:47] {dino} i'll be w/him, he just gets to carry his rifle this year(provided he passes the test)

[14:48] {Threei} I hope one to to meet a RE agent who said location location and location and explain to him that it's not three things - it's one thing repeated three times

[14:48] {nemo} what caliber?

[14:48] {nemo} oy, subtleties of the English language

[14:48] {Threei} and if I need a basebal bat to eplain that, so be it

[14:48] {nemo} hehehehe

[14:48] {dino} he'll have 44 mag. me 7mm08

[14:49] {nemo} ahhhh 308 version of the .270

[14:49] {Threei} VVUS pace increase

[14:49] {Threei} Fed's Fisher: Expects positive economic growth in Q3 and Q4 of 2009

[14:49] {Threei} wow, really?

[14:50] {Threei} recession's over then?

[14:51] {dino} well, considering in summer 08 he said all was well

[14:51] {Threei} but warns that 2010 remains unclear on growth

[14:51] {Threei} - Refrains from commenting on the USD, noting only that it "comes and goes"

[14:51] {Threei} lol

[14:51] {dino} so most likely he's a year off again

[14:52] {Threei} yeah, I love the recording of Ben saying housing is about to bottom, and reverse,

[14:52] {Threei} the only problem is, that was

[14:52] {Threei} in the spring of 2007

[14:52] {Threei} HITK Reports Q1 $0.73 v $0.27e, R$43.4M v $32Me - filing (unclear if comparable)

[14:52] {Threei} - Sales of generic pharmaceutical products +193% y/y

[14:53] {nemo} His favorite saying is probably, "There's no place like home..."

[14:53] {Threei} what a strange time to report

[14:53] {dino} was out pre-mkt

[14:53] {Threei} hmm

[14:54] {dino} cyber 8:00 am

[14:54] {Threei} my wire missed it then

[14:54] {Threei} so they overcompensate now :)

[14:54] {Threei} thought it was streange

[14:54] {Threei} big gap, and no reaction now

[14:54] {dino} another boost i guess

[15:02] {dino} ebix gap fill fri close

[15:04] {Threei} VVUS... we need magoo

[15:04] {Threei} he will cry bitterly tomorrow seeing this

[15:05] {Threei} and wulff, I hope he is catching these movers

[15:05] {Threei} now, where is our italian traveller

[15:05] {Threei} his style too... anyone remembers when he promised to be back?

[15:06] {dino} ebix drop

[15:07] {dino} they are pushing the trader tax in congress again, .25 basis points

[15:08] {dino} 25 basis points i mean

[15:08] {Threei} imbecils

[15:08] {dino} yes

[15:12] {Threei} EBAY CFO: to set a minimum standard for sellers on eBay - Citigroup conf comments

[15:14] {Threei} Plane hijacked in Mexico

[15:20] {dino} ebix drop again

[15:21] {dino} bit wide

[15:22] {dino} v sm wide l .71

[15:27] {Threei} hard to tell whether VVUS has it in for a last run

[15:27] {Threei} but ti sure is trying

[15:27] {dino} amed to .49

[15:28] {Threei} .30 held as resistance a few times over last 5 min or so

[15:29] {Threei} and .15 support...

[15:29] {Threei} so if you are in the mood for this try

[15:29] {Threei} half lot

[15:29] {Threei} .30 break long

[15:30] {dino} in the mood huh, lol

[15:30] {Threei} well, it's a stock requiring magoo-mood :)

[15:31] {dino} indeed

[15:31] {dino} frs drop

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

[15:31] {Threei} - NYSE volume 930M shares, about 11% above its three-month average; advancers lead decliners by 2.3:1.

[15:31] {Threei} - NASDAQ volume 2.14B shares, about 19% above its three-month average; advancers lead decliners by 2.1:1.

[15:31] {Threei} - VIX index -4% to just over 24.50

[15:33] {Threei} not enough oomph

[15:42] {dino} ebix stopped

[15:43] {dino} respect the strikes

[15:48] {dino} amed to .60

[15:49] {dino} out +.20

[15:52] {Threei} OPEC Sec Gen: Fluctuations in value of USD are a point of concern

[15:52] {Threei} lol, if it was said by anyone else I'd just nod

[15:52] {Threei} but coming from OPEC...

[15:53] {Threei} can't help but say, look who is talking

[15:53] {dino} seems to me weak dollar drives up oil prices

[15:55] {nemo} yep

[15:56] {fernp} good evening everybody. see u all tomorrow

[15:56] {Threei} take care fern

[15:56] {dino} cya fern

[15:57] {Threei} thank you all, have a good evening

[15:57] {Threei} see you tomorrow

[15:57] {nemo} nite

[15:57] {larisa} bye :)

[15:58] {dino} gn all and thx

[16:02] {dptl} have a good evening all

Sep 08 2009

Not bad for the opening of a new trading season: a few scalps on GE, LVS, QQQQ, NVAX, couple tight stops (when I say tight I mean it - 5 to 10 cents), and one nice 50 cents trade on OPXA short. So far so good.

Session Time: Tue Sep 08 00:00:00 2009

[08:03] {magoo} morning
[08:04] {nemo} mornmags
[08:17] {Threei} Las Vegas Sands Corp Completes pre IPO financing
[08:17] {Threei} - Has closed and funded its previously announced $600 million pre-IPO financing transaction. The company said it has the flexibility to utilize the net proceeds from the issuance of the bonds for general corporate purposes.
[08:17] {nemo} think I'll channel mags..."We in anything boss?"
[08:18] {Threei} BLTXX Baltic Dry Bulk Index: Rises just under 1.5%; fourth straight increase
[08:19] {Threei} lvs
[08:19] {nemo} $ looks ugly
[08:37] {brian3579} gm all
[08:37] {Threei} brian :)
[08:37] {nemo} borg
[08:41] {nemo} aig continues it's descent
[08:58] {magoo} gE upgrade
[08:59] {Threei} General Electric Co JPMorgan Raised GE to Overweight from Neutral, price target: $17
[08:59] {Threei} - See name as one of last heavily shorted names to recover in equity upturn.
[08:59] {Threei} - Firms Upgrade is based on an attractive relative risk/reward, mostly on sentiment, as one of the last stocks for which a little good news can still go a long way. In the look for non-consensus, catch-up stories, GE stands out as the last, in our view.
[09:00] {Threei} SVA Obtains Lot Release Certificate for Its First Batch of H1N1 Vaccine (9.14, 0.00, 0.00%)
[09:03] {Threei} - first lot of PANFLU.1, its H1N1 vaccine, has passed the lot release process of China's National Institute for the Control of Pharmaceutical and Biological Products and obtained the Certificate for the Release of Biological Products, which means the released vaccines are ready for delivery.
[09:03] {magoo} AIG downgrade
[09:03] {Threei} yeah, with target 15
[09:04] {Threei} so we now have targets 200 and 15 for it
[09:04] {Threei} I am confused
[09:04] {magoo} nice :(
[09:04] {magoo} yea..a lot of help there
[09:04] {Threei} American International Group, Inc Credit Suisse Cuts AIG to Underperform from Neutral, price target: $15.00
[09:04] {Threei} - Firm discloses near term monetization of value of businesses suggests little to no value for common equity
[09:05] {magoo} unfortunately, 15 seems more likely
[09:05] {Threei} it was getting old anyway
[09:05] {Threei} new plays are in town
[09:06] {nemo} can't short it still
[09:06] {Threei} LVS and GE on watch
[09:06] {nemo} by the way...money never gets old
[09:06] {larisa} good morning :)
[09:06] {Threei} half eye on SCLN
[09:06] {Threei} larisa :)
[09:06] {nemo} cmon, you got three
[09:08] {magoo} GE could be the one..a pointer
[09:08] {magoo} traders play it hard
[09:08] {Threei} but of course - target 17
[09:09] {fernp} good morning everybody
[09:09] {Threei} fern :)
[09:10] {Threei} before trading day started,
[09:10] {Threei} http://www.realitytrader.com/photography/
[09:13] {dino} gm all
[09:13] {nemo} beautiful spot
[09:14] {Threei} dino :)
[09:14] {dino} opxa, osir
[09:15] {nemo} wow, $ down big
[09:16] {ese} good morning......and thank you Vad for taking some pics of the show yesterday.
[09:16] {Threei} ese :)
[09:16] {Threei} fantastic performance
[09:17] {ese} just saw the email and will get a chanct to look at them a litle later
[09:17] {Threei} okay :)
[09:17] {ese} thank you.....i play ok for an old guy]
[09:19] {fernp} nice pics vad. Are you going to buy one of those floating-houses? :-)
[09:19] {Threei} well, I looked at the prices, but as soon as my wife saw me looking at them, her first reaction was:
[09:19] {Threei} too humid for my piano
[09:20] {fernp} lol
[09:21] {dptl} good morning all
[09:21] {Threei} dp :)
[09:23] {ese} dp
[09:24] {ese} opps....dddddddddddppppppppppppppp!
[09:24] {dptl} :)
[09:24] {Threei} lol
[09:25] {Threei} NQ is trading above recent highs
[09:28] {Threei} general feeling is, raly contuation,
[09:29] {Threei} want to see more or less decent pullbacks at the open or ranges esstablishd
[09:29] {Threei} LVS and GE are main candidates
[09:29] {Threei} then whatever scanner spits out
[09:30] {Threei} of course if MTXX says FDA is ok with its impact on sense of smell now, grab it and let it ride a few bucks
[09:31] {ese} out my nvax position from friday .71 +.09
[09:32] {Threei} Long Setup: LVS .40 break
[09:33] {Threei} if stays above .30
[09:33] {nemo} quick
[09:33] {nemo} in
[09:33] {magoo} in
[09:34] {ese} in
[09:34] {Threei} 1:1
[09:34] {Threei} thought of GE .55 but was a bit late
[09:34] {ese} out .51
[09:35] {Threei} second play is coming on LVS very soon
[09:35] {nemo} stopped
[09:35] {ese} =.06
[09:35] {magoo} never got out
[09:35] {ese} +
[09:35] {magoo} was like one second
[09:35] {magoo} at 1 to 1
[09:36] {nemo} got 1:1 but got last half out at stop
[09:36] {fernp} GE pullback
[09:36] {Threei} ummm
[09:36] {Threei} don't we trail second half after 1:1?
[09:36] {nemo} shoulda' didnt
[09:36] {Threei} GE, first strength from here
[09:36] {Threei} .56 long
[09:36] {Threei} if holding .50
[09:37] {Threei} if losing it, next range is .45 - .50
[09:38] {Threei} LVS .26
[09:38] {Threei} if holding .20
[09:40] {Threei} too fast?
[09:42] {Threei} GE no worky
[09:43] {nemo} market dumping
[09:43] {ese} i'm not getting "indu" index feed......anyone else not getting it
[09:44] {dino} scanners red
[09:44] {nemo} rimm holding pretty well
[09:44] {fernp} fine here, ese
[09:45] {ese} hmmmmm
[09:46] {dino} ed's down
[09:46] {ese} osir dino
[09:46] {ese} dn 4 bills
[09:47] {Threei} USD/CHF Rumor that SNB is 'checking rates'
[09:48] {ese} can't find news on OSIR.....anyhone?
[09:48] {Threei} .short lvs .25
[09:48] {Threei} if stays below .35
[09:48] {Threei} Short Setup: LVS .25
[09:49] {Threei} let's make it .29
[09:49] {Threei} tighter stop
[09:49] {fernp} in
[09:51] {Threei} over 1:1
[09:51] {dino} osir drug ph3 failed
[09:51] {ese} tks....where did you find that
[09:51] {dino} pretty much only drug they had from what i see
[09:52] {dino} yahoo
[09:52] {dino} opps cyber
[09:52] {fernp} out here. ty Vad
[09:52] {ese} hmmmmmmm
[09:52] {dino} prochymal fails
[09:52] {dino} no diff between placebo
[09:52] {Threei} 8:01:59 AM
[09:52] {Threei} Osiris Therapeutics Inc Releases preliminary results for prochymal Phase III GvHD trials; Neither trial met primary endpoint
[09:53] {Threei} 1;2 LVS
[09:53] {nemo} when you get a chance, could you explain the LVS setup? ty
[09:53] {Threei} sure
[09:56] {Threei} JAZZ Hearing takeover chatter circulating in the name (9.62, +0.35, 3.78%)
[09:56] {Threei} but of course
[09:59] {Threei} Long Setup: QQQQ .63 if stays above .55
[09:59] {Threei} all that JAZZ...
[10:00] {Threei} SLXP Receives FDA Marketing Approval for METOZOLV ODT (Orally Disintegrating Tablets) for Relief of Diabetic Gastroparesis and Symptomatic Documented GERD (12.94, +0.22, 1.73%)
[10:00] {nemo} did that invalidate, or is it now discretionary?
[10:01] {ese} L xlnx .07
[10:02] {Threei} let's let it stabilize and form new setup
[10:02] {Threei} .50 breakdown is formally short setup
[10:02] {ese} xlnx following the qqqq's
[10:02] {Threei} but I am not too jazzed about it
[10:02] {dino} gj lvs
[10:02] {nemo} rim shot ese
[10:03] {dino} hl slt s .00
[10:03] {dino} stop .31
[10:03] {Threei} I wish we still held that short dino
[10:03] {ese} yes......but not working to this point
[10:03] {Threei} didn't feel safe for anything but scalp
[10:06] {nemo} oh yeah...tomorrow is 090909
[10:06] {dino} hl s nihd .95 stop hod
[10:10] {Threei} watching WFC
[10:10] {Threei} for bounce
[10:10] {Threei} ideally, would like a quick pullback closer to .70
[10:10] {Threei} for entry
[10:11] {Threei} .80 break is an option, just my preference would be tighter stop and less chance for a shakepout
[10:11] {Threei} if took .80 break, stop under .70,m
[10:12] {Threei} if not - wait for pullback
[10:12] {Threei} no chasing
[10:13] {dino} slt stuck, tighten to .15
[10:13] {Threei} here comes pullback
[10:13] {Threei} .80 break if holding .75
[10:14] {Threei} in
[10:14] {Threei} market spikes
[10:14] {Threei} stop under .70
[10:15] {Threei} aggressive enough... tight stop
[10:19] {Threei} no go WFC
[10:20] {fernp} yes, stopped
[10:24] {Threei} ENER Hearing renewed takeover chatter circulating
[10:24] {Threei} - AMAT again rumored as a possible acquirer (10.75, +0.34, 3.27%)
[10:24] {ese} nvax
[10:24] {larisa} sigh
[10:24] {Threei} no news that I see
[10:26] {dino} giii l .26 stop .13
[10:26] {ese} l xlnx added more avg price .05
[10:27] {Threei} QQQQ setup is back
[10:27] {ese} same with xlnx.....have aggressive entry going here
[10:28] {Threei} to me, what happened up to tbis point feels like digestion of resistance,
[10:28] {Threei} preparation for breakout and rally
[10:28] {Threei} that's the working scenario at this point
[10:29] {Threei} that's why I wasn't delighted by the idea of shorting Qs on .50 break
[10:31] {fernp} .63 break?
[10:31] {Threei} let's see if we got it right
[10:31] {Threei} .63 itself originally
[10:31] {Threei} but who cares much about 1 cent
[10:32] {dino} inin
[10:32] {fernp} in .64 grrrr :)
[10:32] {Threei} meaning twice in dino? {G}
[10:32] {Threei} scalpers exit into spike above .70
[10:32] {Threei} day traders partial out
[10:33] {Threei} NVAX again...
[10:34] {dino} tighten nihd to .12stopped -.17 nihd
[10:37] {dino} amed hl l .70, stop .39
[10:38] {ese} out xlnx .15 +.10 thats it for me today all.....back to schoool and early staff meeting....Vad will check out them pics a little later ....once again thanks for shooting the show....cya
[10:38] {Threei} take care ese
[10:38] {ese} cya
[10:38] {dino} cya es
[10:48] {Threei} NVAX is for real or what
[10:50] {Threei} starts looking like momo
[10:53] {Threei} ECB"s Weber: ECB will raise rates and unwind measures in a timely fashion; Data increasingly showing that economic freefall is over
[10:53] {Threei} - Comments that does not see a credt crunch in Germany or Eurozone.
[10:53] {Threei} - rates are appropriate given the inflation outlook; inflation fears are unfounded; data create expectation for inflation to be subdued in medium term; WIll tighten monetary policy when there are upward risks to price stability.
[10:53] {Threei} - Cannot yet call the end of the financial crisis; and it is too early to withdraw stimulus at the moment.
[10:55] {dino} cyou
[10:58] {magoo} SVA
[10:58] {Threei} no news either... just a sector run it seems in all the swine flu names
[11:02] {dino} skt stopped -.19amed to .14
[11:02] {dino} out .23, +.53
[11:02] {larisa} gj
[11:03] {dino} ty
[11:04] {Threei} NY Fed: Purchased $4.95B in $300B outright coupons purchase; Dealers submitted $14.48B for consideration (bid to cover 2.93 )
[11:04] {Threei} - Heaviest purchase was $1.86B in the 05/15/16 maturity (shortest dated)
[11:05] {Threei} Long Setup: NVAX 6 break
[11:05] {Threei} for scalpers stop under .95
[11:05] {Threei} day traders .90
[11:07] {Threei} ECB's Nowotny: Euro unlikely to eclipse the USD as world's leading currency within 10 years
[11:08] {Threei} hmmm... I'd say, Euro's nearest task is to survive, let aline eclipse anyone and anything
[11:14] {nemo} lvs Vad
[11:15] {magoo} ni xavn
[11:15] {Threei} tough read
[11:15] {Threei} formally. ,30 break long
[11:15] {nemo} sure you didn't short mags?
[11:15] {Threei} lol
[11:15] {magoo} oh shit:)
[11:16] {Threei} I am just not very confident in it
[11:16] {Threei} hard core scalpers got their 1:1
[11:16] {Threei} (we all hate them of course, right? right/)
[11:17] {Threei} if anyone went for LVS, stop under .20
[11:17] {magoo} in lvs..looking for dime
[11:17] {Threei} I presdonally skip it but root for you
[11:19] {nemo} crap...went and got coffee
[11:19] {nemo} FCX wedging upward or triangle ascending...or...
[11:19] {Threei} ummmm
[11:19] {Threei} ok... I'll post it
[11:20] {Threei} you right wing nuts keep yourself in check
[11:20] {Threei} Reportedly Obama suggesting taxing sugary products like soda (related PEP KO )
[11:20] {Threei} NVAX 1:1 for day traders
[11:21] {nemo} you saying right-wing nuts or right wingnuts?
[11:23] {fernp} out NVAX. ty Vad
[11:24] {Threei} :)
[11:25] {dino} scl, vit
[11:25] {dino} scl thinny
[11:27] {Threei} QQQQ 1;1
[11:27] {_slentz} is this volume still like summer today
[11:28] {Threei} yeah, not overwhelming
[11:28] {Threei} IMF forecasts 2009 Eurozone GDP -4.2% vs -4.8% prior; 2010 GDP at 0.0% v -0.3% prior forecast
[11:28] {Threei} - 2009 Eurozone jobless rate above 10% getting close to 12% by 2011
[11:28] {_slentz} when will it pick up
[11:28] {Threei} day after day, slowly but surely
[11:29] {Threei} SQNM Ticks higher after report Co. to buy rights of methylated DNA deteciton process (6.07, +0.45, 8.01%)
[11:29] {dino} slentz, volume compare, go to sharkinvesting.com bottom right
[11:29] {nemo} or you can look at the home page of finviz.com
[11:31] {magoo} out nvax .14 TY
[11:32] {nemo} nvax shortable
[11:33] {magoo} yup
[11:33] {nemo} was a statement
[11:34] {nemo} are you "ni" mags?
[11:35] {Threei} back to LVS short while I remember
[11:35] {Threei} opull up 1 min
[11:35] {Threei} LVAS drops from .50into 16,
[11:36] {Threei} jumps back up to .30 and slightly over in just 3 vars.
[11:36] {Threei} At that punt it meets uppoer BB
[11:37] {Threei} volume on the bounce is lower than on prior selloff
[11:37] {Threei} which leads to an idea of shorting it into bounce
[11:37] {Threei} Next step is finding a trigger
[11:37] {Threei} .25 sewrved as temporary support,
[11:38] {Threei} sorry, resistance
[11:38] {Threei} turned into support now after the break,
[11:38] {Threei} .35 was touched briefly,
[11:38] {dino} vit s .20
[11:38] {Threei} then LVS dropped into .25 and bounced back.,
[11:39] {Threei} So, .25 turned into trigger for the first call, with stop above .35,
[11:39] {Threei} then it consolidated just a tad above .30, again touching but not breaking .35
[11:39] {Threei} which led to the modification of the trigger to .29
[11:39] {Threei} tighter stop, bigger perofit potentioal
[11:39] {Threei} somewhat higher risk of a shakeout
[11:40] {Threei} but 607 cents tosp, who cares
[11:40] {Threei} 6-7
[11:40] {Threei} helps, nemo?
[11:41] {Threei} GM Reportedly a report from the US Auto Task Force puts chances at about 60% that GM's CEO Fritz Henderson can "fix" GM
[11:41] {Threei} - briefing documents from a closed Aug 3 meeting being cited. (related MTLQQ )
[11:41] {nemo} yes...I missed the BB reaing
[11:41] {Threei} hmmm... are they busy with making bets on tsars?
[11:47] {dino} gold drop
[11:47] {nemo} fcx big drop
[11:52] {dino} 3 drop on gold
[11:53] {dino} gap fill coming imo
[11:54] {dino} nope
[11:59] {Threei} 45% Say Unions Weaken America, 26% Disagree
[11:59] {magoo} 26% of population work force is union :)
[11:59] {Threei} lol
[12:05] {Threei} guess who is on TV
[12:06] {Threei} your wait is over magoo
[12:06] {nemo} this is his major address to students
[12:07] {Threei} US House Majority Leader Hoyer: May support the health care reform without a public option
[12:10] {dino} giii stopped -.15
[12:11] {Threei} US) US Senator Baucus (D): Health plan reform bill may implement a 35% tax on health insurers with plans valued over $8K for singles and $21K for families
[12:17] {dino} stec l .49 hl
[12:24] {Threei} NABO...
[12:25] {Threei} NANO that was
[12:25] {Threei} a bit too thin on a bid side
[12:27] {magoo} FSLR xploded
[12:27] {dino} fslr
[12:28] {Threei} FSLR Signs MoU with Ordos City on Major Solar Power Plant in China Desert
[12:28] {Threei} - Pursuant to the MOU, the solar project in Ordos will be built over a multi-year period. Phase 1 will be a 30 MW demonstration project that will begin construction by June 1, 2010 and be completed as soon thereafter as practicable. Phases 2, 3 and 4 will be 100 MW, 870 MW, and 1,000 MW. Phases 2 and 3 will be completed in 2014 and Phase 4 will be completed by 2019.
[12:37] {Threei} so, let's decipher this market stuck here
[12:37] {Threei} fund managers and trading desk managers return from Hamptons,
[12:37] {dino} as does magoo
[12:37] {Threei} stay busy all morning with calls to wifes and back, describing how little Johnny prepared for school,
[12:38] {Threei} exchanged latest rumors with those who went to Aspen
[12:38] {Threei} then started looking at their screens
[12:38] {Threei} asking each other "is it for real?"
[12:39] {Threei} "what do we do/"
[12:39] {Threei} lety's run with this rally or let's try and be heroes
[12:39] {Threei} At some point they realized it's too rapid transition from vacation mode to work
[12:40] {Threei} and they better put it off till tomorrow
[12:40] {Threei} There... my version
[12:40] {Threei} I have no doubt that magoo's one includes 6 pack, nemo and dp's one includes vodka and Raven's one includes martini
[12:41] {Threei} larisa stays with carrot juice
[12:41] {larisa} right
[12:42] {Threei} me, I still can taste heavenly 15 years old Glenfiddich patience kindly poured in me this Friday
[12:43] {dino} ahhhh
[12:43] {dptl} :)
[12:44] {dino} vit stopped -.15
[12:47] {magoo} any read JAZZ vader?
[12:47] {Threei} no mags, sorry
[12:54] {dino} stec to .73
[12:55] {dino} opxa continues
[12:57] {dino} stec to .83
[12:58] {dino} cde?
[12:58] {dino} opxa invincible
[12:59] {dino} like dr evil
[13:00] {dino} out stec .89, +.40
[13:01] {Threei} TREASURY'S $38B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.02 V 2.89 PRIOR AND 2.58 AVG OVER THE LAST 10 AUCTIONS
[13:01] {dino} ener jumpy
[13:05] {dino} clw
[13:08] {dino} pmc
[13:08] {Threei} PMC Moves lower on report offices were raided by federal regulators (18.41, -1.31, -6.64%)
[13:13] {Threei} AIG To interview investment banks this week regarding life insurance unit IPO that could raise as much as $5B
[13:21] {dino} ebix
[13:23] {magoo} OPXA
[13:29] {Threei} one of those
[13:30] {magoo} sick
[13:30] {Threei} let me show you just how sick it is
[13:30] {Threei} it's pre-market news today:
[13:30] {Threei} 7:02:35 AM
[13:30] {Threei} Opexa Therapeutics Releases additional favorable Phase II data on Tovaxin in Multiple Sclerosis
[13:30] {Threei} - The results include further analysis of the double-blind, placebo-controlled, 52-week Phase IIb TERMS clinical study of 150 patients with Relapsing Remitting MS (RRMS).
[13:31] {Threei} quite insignificant news, don't you think?
[13:31] {Threei} now
[13:31] {Threei} here is another piece,
[13:31] {Threei} from Aug 13
[13:31] {Threei} Reports Q2 -$0.07 v -$0.36 y/y, Rev is nil
[13:31] {Threei} - Had cash and cash equivalents of approximately $0.8 million as of June 30, 2009, compared with approximately $1.2 million as of December 31, 2008
[13:32] {Threei} no revenue and running out of money
[13:32] {magoo} fund caught short
[13:33] {dino} i suppose tomorrow board files to issue shares
[13:38] {nemo} volume been tailing off a bit
[13:40] {dino} amed hl l .50
[13:55] {nemo} how's the coma vad?
[13:56] {Threei} something's missing
[13:56] {nemo} huh?
[13:57] {nemo} laserdave isn't here
[13:57] {Threei} dunno... fine coma but not the best I've had
[13:57] {nemo} ahhh
[13:58] {Threei} I guess I lack a good runner today
[13:58] {Threei} a few scalps, fine
[13:58] {Threei} but sprinckle some caviar on top of the bread-andbutter trades,, then my coma is much happier
[13:59] {nemo} a "rest in peace" kinda' thing...kinda'...sorta'
[14:06] {dino} clw partial fill l .65
[14:15] {nemo} you put the pillow under your chin Vad?
[14:15] {nemo} ooooh...amazon awake
[14:16] {Threei} Fed Discount Rate Minutes: No banks looking for discount rate increase
[14:16] {Threei} - some banks see labor market weakening the economic recovery
[14:16] {Threei} - Household spending was seen to be weak yet economy was stabilizing
[14:16] {Threei} - Most banks saw inflation as being subdued and would remain that way for some time
[14:16] {magoo} AEN
[14:16] {Threei} OPXA
[14:16] {Threei} risky as hell,
[14:16] {Threei} short on 6 break
[14:18] {Threei} if stays under .15
[14:18] {magoo} ion
[14:18] {nemo} hate those three words
[14:18] {Threei} CDC Briefing calls for quick treatment of patients with Relenza or Tamiflu if labored breathing determined (related GSK ROG.SZ )
[14:18] {fernp} out SYMC. I bought 15.60 breakout this morning...
[14:19] {fernp} I am practicing "patience"
[14:19] {Threei} no kidding
[14:19] {fernp} yeah. true
[14:20] {Threei} die OPXA
[14:20] {Threei} (US) Senator Reid: Determined to pass a bipartisan healthcare bill this year (related IYH )
[14:21] {Threei} over 1:1
[14:21] {Threei} covering half
[14:22] {Threei} I want more from it for all this risk
[14:22] {Threei} good boy
[14:23] {Threei} stop is trailed for the other half of course
[14:24] {magoo} under .50 im hoping
[14:24] {Threei} I intend to cover 1/4 more just above .50
[14:25] {Threei} here we go
[14:25] {Threei} .57 1/4 more
[14:25] {Threei} hey, I got my runner!
[14:25] {Threei} coma will be so much sweeter
[14:25] {magoo} out .44 TY BOSS
[14:25] {nemo} faller more apt
[14:26] {Threei} bidding .35 for the last potion
[14:26] {nemo} up runner's down cliff jumpers
[14:26] {Threei} I care about direction not
[14:27] {nemo} yoda's here
[14:27] {Threei} stop to just above .50
[14:27] {Threei} cacelling .35 bid
[14:27] {Threei} out
[14:27] {dino} mnkd
[14:27] {Threei} beauty
[14:27] {Threei} wtg mags
[14:27] {Threei} anyone else followed?
[14:29] {Threei} why do I bother to come out of coma...
[14:29] {magoo} excuse me?
[14:29] {nemo} you used those three words
[14:30] {Threei} never mind mags, I have to slam those sleepyheads
[14:30] {Threei} sheesh... could you take lousy 300 shares?
[14:30] {Threei} 15 cents stop
[14:30] {Threei} OK, 20 with slippage
[14:30] {Threei} what's the big deal
[14:30] {Threei} yuou see how much air under this thing
[14:31] {Threei} potential is much bigger than 15 cents
[14:31] {nemo} hate when you're so logical
[14:32] {nemo} yeah abolutely, Question: you last set stop at .50 but looking over around 1:00-1:20 I see those candle shaows stop @ .60, why did you pick that stop?
[14:32] {nemo} shadows
[14:32] {Threei} 1 - 1:20??
[14:32] {nemo} time
[14:33] {Threei} that was 1 hour ago
[14:33] {Threei} this is superfast stoxck
[14:33] {Threei} not very much respecting any technicals
[14:33] {Threei} it had support at .50,
[14:33] {nemo} o.k.
[14:33] {Threei} lost it,
[14:33] {Threei} tested it,
[14:33] {Threei} dropped more
[14:33] {Threei} I trailed stop to above it
[14:34] {Threei} it doesn't care very ,much about what it did 15 min ago, let alone 1 hour
[14:39] {nemo} opxa long now?
[14:39] {Threei} naaah
[14:45] {dptl} have a good evening all
[14:45] {Threei} take care dp
[14:50] {Threei} I find it hard to believe OPXA is not halted yet
[14:50] {Threei} stay the hell away from long side on this POS
[14:54] {dino} gold sm l .40
[14:56] {magoo} AKRX
[15:00] {Threei} JULY CONSUMER CREDIT: -$21.6B V -$4.0BE
[15:00] {Threei} - prior revised from -$10.3B to -$15.5B
[15:00] {nemo} WOW!
[15:00] {Threei} AKRX Hearing recent strength being attributed vague chatter that its Carboplatin injectable product has received FDA approval
[15:00] {Threei} - Note: On 7/30 the FDA disclosed ANDA approval for generic Carboplatin (1.43, +0.21, 17.21%)
[15:01] {Threei} can't believe this amount of rumnors
[15:01] {Threei} annual growth rate -%10.37 v -4.9% m/m
[15:22] {nemo} ohhh to short aig
[15:35] {dino} gold to flat
[15:36] {dino} out
[15:40] {dino} out amed .73, +.23
[15:47] {Threei} NVAX, worth overnight risk or not
[15:48] {nemo} just don't do an ese "20k of the little buggers"
[15:49] {Threei} lol
[15:49] {Threei} unlike ese, I don;'t have second profession to fall back onto :)
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:58] {nemo} gnite
[16:00] {larisa} night all
[16:01] {magoo} ty all
[16:02] {dino} thx all
[16:04] {fernp} good evening