Dec 16 2009

FOMC day didn't bring tradeable environment - no follow through on most setup. A few trades worked but frogs albeit small were a few too many.

Session Time: Wed Dec 16 00:00:00 2009

[08:30] {Threei} *(US) NOV CONSUMER PRICE INDEX M/M: 0.4% V 0.4%E;

[08:30] {Threei} US) Q3 CURRENT ACCOUNT BALANCE: -$108.0B V -$107.5BE

[08:30] {Threei} *(US) NOV HOUSING STARTS: 574K V 574KE; BUILDING PERMITS: 584K V 570KE

[08:44] {magoo} morn

[08:44] {Threei} mags :)

[08:46] {magoo} got anything?

[08:46] {Threei} nothing really oustanding

[08:47] {Threei} keeping AET on watch

[08:58] {fernp} Good morning everybody

[08:58] {Threei} fern :)

[09:14] {dino} gm all

[09:16] {ese} watching anything in particular vad......aet for one i can see

[09:16] {Threei} dino :)

[09:16] {larisa} gm all :)

[09:16] {Threei} larisa :)

[09:16] {nemo} lari :)

[09:16] {Threei} not really, nothing outstanding

[09:16] {ese} dino laris

[09:16] {larisa} :)

[09:16] {Les} howdy folks :)

[09:17] {Threei} les :)

[09:17] {Les} too much to drink last night. forgive me if i ask you to slow down the trades today vad so I can cope

[09:18] {nemo} Take a powder Les and hit the pine.

[09:18] {Les} JOYG showing nice range premarket

[09:19] {nemo} not bad volume either

[09:20] {Threei} IA) White House: Iran missile test makes the case that nuclear program is not peaceful

[09:20] {Threei} - this echoes a comment from the UK PM earlier today

[09:20] {nemo} yeah, and they're not going to do anything about it

[09:20] {dino} shocking

[09:20] {Threei} Reportedly an announcement on Basel II rules expected tomorrow - unconfirmed report

[09:20] {Threei} - Old banking rules will still apply for a period of time after application of Basel II

[09:21] {Threei} hmmm

[09:24] {ese} nvda

[09:25] {Les} it's FOMC day again. what time?

[09:25] {Threei} Intel Corp FTC Challenges Intel's Dominance of Worldwide Microprocessor Markets

[09:25] {Threei} - Intel Corp sued by FTC, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly.

[09:25] {Threei} - FTC alleges that Intel has waged a systematic campaign to shut out rivals' competing microchips by cutting off their access to the marketplace. In the process, Intel deprived consumers of choice and innovation in the microchips that comprise the computers' central processing unit, or CPU. These chips are critical components that often are referred to as the "brains" of a computer.

[09:25] {Threei} - According to the FTC complaint, Intel's anticompetitive tactics were designed to put the brakes on superior competitive products that threatened its monopoly in the CPU microchip market. Over the last decade, this strategy has succeeded in maintaining the Intel monopoly at the expense of consumers, who have been denied access to potentially superior, non-Intel CPU chips and lower prices, the complaint states.

[09:26] {Threei} In addition, allegedly, Intel secretly redesigned key software, known as a compiler, in a way that deliberately stunted the performance of competitors' CPU chips. Intel told its customers and the public that software performed better on Intel CPUs than on competitors'

[09:26] {magoo} WFC vad

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:27] {ese} some hefty charges there

[09:27] {ese} trev

[09:27] {Les} see the selling volume on NVDA at .50...

[09:27] {magoo} news WFC vad

[09:28] {nemo} rimm looking toppy

[09:28] {magoo} does RIMM report tomorrow after bell anyone?

[09:28] {Les} someone scaring buyers into selling NVDA?

[09:29] {Les} big selling volume followed by rapid collapse?

[09:29] {Les} collapse in price

[09:29] {dino} they alwats do es, about the 20th time

[09:29] {Threei} 14:15 FOMC rate decision Les

[09:30] {Les} ta

[09:30] {magoo} wow ACHN'

[09:31] {Threei} Long Setup: NVDA .20 break

[09:31] {Threei} if stays above .10

[09:31] {Threei} Long Setup: WFC .05

[09:32] {Threei} if stays above .95 for scsalpers, .90 for dsay traders

[09:33] {magoo} in nvda

[09:33] {ese} l nvda .24

[09:34] {dino} ebix

[09:34] {magoo} BBY jsus

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

[09:35] {fernp} ty

[09:35] {ese} out 1/2 .32

[09:35] {Threei} 1:2

[09:36] {ese} out full .40

[09:36] {Threei} me too

[09:36] {ese} tks vad

[09:36] {Threei} sure thing

[09:36] {Threei} WFC frog

[09:36] {nemo} ribbbbit

[09:37] {Les} we let it drop a little before trying?

[09:37] {Les} trying again

[09:37] {Threei} it either forms setup or not

[09:38] {fernp} out WFC

[09:38] {nemo} wfc at support

[09:38] {Les} ah right. sorry, i t's not a capitulation play

[09:39] {dino} \meli hl l .05

[09:40] {magoo} out .47 NVDA ty

[09:41] {ese} good ob mags

[09:41] {ese} job

[09:41] {ese} nahhhh that was a good ob

[09:42] {Les} INTC dropping

[09:43] {Les} JOYG approaching short or bounce status

[09:44] {nemo} bby

[09:45] {magoo} ok reloaded nvda .50 out here .63

[09:45] {magoo} ty vad

[09:45] {Threei} nice

[09:45] {magoo} in bby .25

[09:46] {fernp} HIG breaking hod

[09:47] {magoo} ADBE strength

[09:48] {magoo} 'not liking BBY

[09:48] {nemo} looking o.k. mags

[09:49] {nemo} where's stop?

[09:49] {magoo} .98

[09:49] {nemo} wow, you got room

[09:49] {magoo} half lot

[09:50] {magoo} add if gets moving

[09:50] {Threei} Long Setup: AIG 29 break if stays above 20.90

[09:50] {nemo} volume support mags

[09:50] {dino} gef, deck

[09:50] {dino} deck bottomed around 94.25 yesterday

[09:50] {dino} gef bit thin

[09:53] {dino} gef sm l .40 wide thin

[09:53] {Threei} no go AIG

[09:53] {fernp} sigh

[09:57] {ese} dino....you get anything gapping up/dn } 2.00

[09:58] {dino} amed

[09:58] {Threei} finally BBY

[09:58] {ese} amed

[09:58] {ese} opps you said that

[09:58] {dino} auxl

[09:58] {ese} tks

[09:58] {dino} fgxi

[09:58] {dino} tam, air, db

[09:59] {dino} how's that to start

[09:59] {ese} anything of interest

[10:00] {dino} working gef, meli, both destroyed yesterday

[10:00] {ese} amed would have a good one......my scanners didn't pick it up

[10:01] {dino} china's not moving much, snda, pwrd

[10:01] {dino} pru spike

[10:02] {Threei} HIG should follow I'd think

[10:03] {Threei} Senator McCain and Cantwell propose reimposing Glass-Steagall Act

[10:03] {Threei} RIMM looks determined

[10:04] {dino} deck lod again

[10:05] {Les} FCX

[10:06] {nemo} yesterday's high .85

[10:07] {Threei} ***Note that the Glass-Steagall Act was passed in the wake of the Great Depression and introduced the separation of bank types according to business (commercial and investment banking), among other stipulations. This aspect of the act was repealled in 1999, a move that has been widely blamed for causing the current financial crisis.

[10:08] {dino} meli stopped -.30

[10:08] {dino} -.35

[10:09] {nemo} fcx dropped off the high from yesterday

[10:09] {magoo} we need to follow that fcx more

[10:10] {magoo} better range than rimm

[10:10] {Threei} anyone tried HIG?

[10:10] {nemo} was there a call?

[10:10] {nemo} missed it

[10:10] {Threei} no

[10:11] {magoo} just a wink wink

[10:11] {Threei} was a comment on HIG likely to follow PRU, and it was at the break level

[10:11] {dino} deck sm l .95

[10:11] {nemo} missed it

[10:11] {fernp} me Vad

[10:11] {fernp} im long from .11

[10:11] {fernp} HIG

[10:11] {Threei} :)

[10:11] {nemo} Mags, if FCX can hold above .85 should go to 80.60

[10:12] {magoo} out BBY here .56

[10:12] {Threei} wtg

[10:12] {magoo} really wanted 42 SIGH

[10:12] {dino} cedc luv

[10:12] {ese} ever have those periods where everything you look it just doesn't feel firght

[10:12] {ese} right

[10:12] {nemo} yeah, marriage

[10:13] {dino} lots of days es. thats why i start slow

[10:13] {dino} sit back and wait for your pitch

[10:13] {magoo} have a happy p'...d lol

[10:13] {dino} no worries

[10:13] {dino} lots of time

[10:13] {nemo} watch for cat short break of

[10:13] {nemo} damn

[10:13] {nemo} .63

[10:14] {ese} yup.......will heed that advice

[10:14] {nemo} boy, does that frost my behind

[10:15] {Threei} that would be a short of the day

[10:15] {nemo} Next time I take it first, then alert

[10:16] {fernp} COH breakout. Vad?

[10:16] {Threei} not really delighted

[10:16] {fernp} thanks

[10:17] {Les} WFC

[10:18] {ese} the day the world stood still.......my scanners not moving

[10:18] {nemo} that movie sucke

[10:18] {nemo} sucke

[10:18] {nemo} sucked

[10:18] {nemo} frickin "D" key

[10:18] {fernp} LOW on lows

[10:18] {ese} lol

[10:19] {magoo} yea..i didnt get the ending at all

[10:19] {nemo} it was a global warming movie

[10:19] {nemo} or climate chnge

[10:19] {magoo} workld destroyed..only 2 humans left i guess

[10:20] {nemo} adam and eve

[10:21] {Les} Avatar looks like cool movie to see this weekend

[10:22] {magoo} my son and i luv the cartoon avatatr

[10:22] {nemo} mmmhhhh

[10:23] {dino} deck stopped

[10:23] {dino} fds

[10:23] {fernp} BRCM hod

[10:24] {Threei} US) Senate Aide: Re-confirmation of Fed's Bernake could be put off until Jan

[10:24] {Threei} as if

[10:24] {nemo} amzn coughed up a furball, missed that one

[10:25] {Threei} look in the future:

[10:25] {Threei} STMicroelectronics NV Unveils High-Performance System-on-Chip for Next Generation of Integrated Broadcast and Broadband-Internet Digital TVs

[10:25] {Threei} - Announced the launch of a new generation of high-performance, full high-definition (FHD) H.264/MPEG System-on-Chip (SoC) ICs for the worldwide flat-panel digital TV (DTV) market. Next-generation TVs powered by the new SoCs will enable compelling services and new business models for premium content, and deliver a rich and intuitive user experience.

[10:26] {nemo} rimm could be a short break of .67

[10:26] {dino} amed lod

[10:26] {Les} Vad, what I want is 3D tv in the house. you can keep the "compelling services" :)

[10:28] {Les} watching WFC for retest of low

[10:28] {dino} fds sm l .00

[10:28] {Threei} out of three possible answers I reviewed none can be posted in other than very adult room

[10:28] {Threei} so I'll refrain

[10:29] {Les} oh. perhaps your compelling services are different than mine...

[10:29] {dino} lol

[10:29] {Threei} Short Setup: CAT .43 break

[10:29] {Threei} if stays under .50

[10:30] {magoo} shorting CAT is unamerican

[10:30] {magoo} that said.IN

[10:30] {Threei} *DOE CRUDE: -3.69M V -2ME

[10:30] {nemo} it invalimudated mags

[10:30] {Threei} really

[10:30] {dino} gut says up

[10:30] {fernp} stopped

[10:30] {ilana} HIG is happy today

[10:31] {Threei} GASOLINE: +879K V +1ME

[10:33] {Les} JOYG

[10:33] {fernp} out BRCM +.12

[10:34] {Threei} Intel Corp Comments on FTC

[10:34] {Threei} - States: has competed fairly and lawfully. Its actions have benefitted consumers. The highly competitive microprocessor industry, of which Intel is a key part, has kept innovation robust and prices declining at a faster rate than any other industry. FTCs case is misguided. It is based largely on claims that the FTC added at the last minute and has not investigated. In addition, it is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct. These new rules would harm consumers by reducing innovation and raising prices

[10:35] {Threei} you out HIG fern?

[10:36] {fernp} yeah, at 1:1

[10:36] {Threei} oh OK

[10:36] {Threei} PRU double topped so I wanted to give a warning

[10:37] {ilana} HIG is PRU's follower?

[10:37] {nemo} fcx short .59 stop .80

[10:37] {nemo} ?

[10:37] {Threei} they are in the same sector

[10:37] {Threei} MET, PRU, HIG

[10:37] {ilana} ok

[10:37] {Threei} not necessary follows per se

[10:38] {Threei} but today there is some correlation

[10:38] {nemo} nice if pullback to .70 and then drop

[10:38] {magoo} AWIAV?

[10:38] {Threei} chart wise yes nemo

[10:38] {Threei} how follow through works today, not sure

[10:38] {Threei} we are nearing FOMC

[10:38] {nemo} yeah, been sticky

[10:39] {Threei} amd it's usually dead time

[10:39] {Les} got lucky once shorting fcx Nemo, but it didn't go down easily

[10:39] {nemo} we'll leave that one alone

[10:41] {dino} amed bloody hell

[10:42] {Threei} Short Setup: MET .10 break

[10:42] {dino} es, we need to figure that one out

[10:42] {Threei} if stays below .15 for scalpers

[10:42] {Threei} obviously .20 for day traders

[10:44] {fernp} sheesh, we shorted a double bottom on CAT

[10:45] {Threei} what do they say about hindsight

[10:45] {Les} .95 break of wfc?

[10:45] {dino} fds to .30

[10:45] {dino} out fds +.30

[10:46] {Threei} if holding .85, could be, WFC

[10:46] {Threei} not too jazzed about it

[10:48] {magoo} news AMZN vad?

[10:49] {Threei} 10:22:10 AM

[10:49] {Threei} Amazon.com Inc Recent weakness being attributed to vague chatter of a cautious analyst call

[10:49] {Threei} - hearing the note takes a cautious stance based on results from BBY yesterday.

[10:49] {Threei} - follow up 10:38ET: Goldman analyst note says that the "Best Buy gross margins highlight an Amazon risk...yet despite Best Buys discouraging precedent, we remain comfortable with our Amazon estimates and positive view." Maintains Buy rating and $146 price target.

[10:50] {Threei} daily screams short

[10:50] {dino} deck double bottom?

[10:51] {Threei} rather feels breakdownish to me

[10:52] {tomg} which stock vad?

[10:52] {Threei} SWCK

[10:52] {Threei} DECK

[10:52] {dino} ty

[10:52] {tomg} ty

[10:53] {magoo} r u kidding

[10:53] {magoo} lol typing

[10:53] {nemo} .15 spread, nice

[10:53] {nemo} fcx

[10:53] {nemo} sorry

[10:54] {dino} amed .25 sm l trig

[10:54] {Threei} why kidding?

[10:55] {dino} lost me

[10:55] {Threei} talking to magoo

[10:55] {ilana} PRU went up...

[10:57] {dino} amed taunting me

[10:57] {dino} like the dreaded double dog dare

[10:57] {Threei} lol

[10:57] {dino} xmas story

[10:58] {nemo} "must be italian"

[10:58] {dino} lol

[10:58] {Threei} AMED news is pretty ominous

[10:58] {dino} all i see is voted in top ten for 10

[10:58] {Threei} Amedisys Inc Hearing early weakness attributed to cautious comments at Pali research

[10:58] {Threei} - Firm believes AMED is being impacted by fraud concerns based on Health and Human Services expanding their anti-fraud joint effort with the Justice Dept to Baton Rouge, LA where AMED is based.

[10:59] {dino} thx

[10:59] {nemo} that spread

[10:59] {Threei} MET 1:1 for scalpers

[10:59] {Les} why ominous. sounds like whole US economy vad, not just AMED?

[10:59] {fernp} half out :-)

[11:00] {larisa} sigh

[11:00] {ilana} hmmm

[11:00] {dino} mmmh

[11:00] {larisa} lol

[11:01] {ilana} was expecting more from met

[11:02] {nemo} bernanke

[11:02] {nemo} aapl interesting

[11:03] {nemo} 200 ma @.50

[11:04] {nemo} so isn't support from this morning

[11:04] {Threei} SEC votes 4-1 to approve expanding corporate compensation policy disclosures (related XLF )

[11:05] {Les} out flat MET rude stock

[11:05] {Threei} hmm?

[11:06] {Threei} were you in for a scalpo or a day trade?

[11:06] {nemo} it's fern

[11:06] {nemo} sorry, oy vay

[11:06] {Threei} sigh

[11:06] {Les} day. need to be someone else

[11:06] {Threei} ok, I am lost

[11:06] {Les} somewhere else

[11:07] {dino} be me

[11:07] {Threei} lol

[11:07] {Threei} if scalp - it worked, if day trade - it's still there

[11:09] {fernp} stop now could be .16 for everyone, Vad?

[11:09] {Threei} I think so

[11:09] {Threei} the closer to FOMC the more random things are

[11:09] {fernp} thanks

[11:10] {nemo} rimm

[11:10] {dino} ebix chart nice

[11:11] {dino} esrx drop

[11:13] {dino} gef to .87 slow one

[11:17] {fernp} SPY C&H and inverted HS

[11:18] {Threei} sheesh RIMM

[11:19] {dino} out gef ave .85, +.45

[11:19] {fernp} gj dino

[11:20] {dino} ty

[11:20] {dino} meli last try hl l .00

[11:20] {fernp} MS, Vad?

[11:22] {Threei} worth a try

[11:22] {nemo} amzn showing bear flag

[11:23] {Threei} RU) Russian Duma reportedly approves law that may limit expansion of retailers starting Feb 1, 2010

[11:23] {Threei} why would they want to do that?

[11:23] {Les} so they don't become too big to fail?

[11:23] {Threei} retailers??

[11:23] {Les} :D

[11:23] {dino} retailers? sounds like atlas shrugged

[11:24] {Les} sorry. tired today

[11:24] {dino} :0

[11:24] {fernp} stop under .20 or under .15?

[11:24] {fernp} MS

[11:24] {Threei} depends on your objective

[11:24] {Threei} both are valid

[11:25] {fernp} out here .32 +.06

[11:26] {Threei} mags, admin asked you to check your e-mail

[11:26] {magoo} ok

[11:27] {Threei} looking at BCRM's daily, who would have though this morning it was buy and hold

[11:27] {Threei} BRCM

[11:28] {Threei} whole semi sector is incredibly strong today

[11:28] {Threei} well, with understandable exception of INTC

[11:29] {Les} double top WFC?

[11:30] {Threei} hmm?

[11:30] {Threei} where are the tops?

[11:31] {Les} opening ticks don't count?

[11:31] {Threei} that topped out at 26.30

[11:32] {Threei} a lot of things happened since then, now one of uoptrending ticks topped at .10

[11:32] {Threei} and retreated just 10 cents

[11:32] {magoo} RIOMM recent high 66.50

[11:32] {Threei} whatever you do on Rorshasch tests, this is hard to interprete as double top

[11:32] {magoo} looks like 66 in the cards

[11:32] {Les} ok freestockcharts shows opening ticks at .10

[11:33] {magoo} thats why its free

[11:33] {Les} yeh

[11:33] {Les} faster for flipping thru charts. why I continue to use it.

[11:35] {nemo} fcx has gone rimm

[11:37] {Les} what does shrink test have to say about WMT double bottom?

[11:39] {fernp} WMT seems like a good breakdown play, Les

[11:39] {Les} yeh realised double bottom not confirmed

[11:40] {fernp} too slow movement to lod = distribution

[11:42] {Threei} Larry King today should be a blast

[11:42] {Threei} barney Frank vs Ron Paul

[11:42] {Les} what is it, celebrity knock out match?

[11:43] {magoo} vad, keep eyue on RIMM ok

[11:44] {Threei} feels reversed to me mags

[11:44] {magoo} btw, there was a heck of alot of buying on 26 so that was wfc hold

[11:45] {magoo} millions level 2 26

[11:45] {dino} rino wants that gap

[11:50] {ilana} PRU inv. C&H?

[11:50] {Threei} just consolidation

[11:51] {Threei} have to squint to make C&H out of it... but possible

[11:53] {Threei} Short Setup: RIMM .40 break

[11:53] {Threei} if stays under .50

[11:53] {Threei} .55 for those who want a big move

[11:54] {Threei} what a weird explanation

[11:54] {Threei} Traders are buying in the wake of yesterday's difficult US session and this afternoon's FOMC announcement.

[11:54] {Threei} traders are buying?

[11:54] {Threei} from who?

[11:55] {dino} other traders

[11:55] {Threei} right

[11:55] {Threei} so... traders are buying makes just as much sense as traders are selling

[11:55] {dino} right

[11:55] {larisa} they mean market is up, so more buying than selling

[11:55] {Les} short WMT at .77

[11:55] {dino} no, every buy has a sell

[11:55] {Threei} how can there be more buying than selling? :)

[11:56] {Threei} RIMM invalidated

[11:56] {larisa} you want them to say : traders are demanding more ? :)

[11:57] {Threei} well, it's not a layman service... it's a trading service

[11:57] {Threei} I expect them to say things that make sense for traders

[11:57] {dino} i mute them larisa, music on. they know nothing

[11:57] {Threei} community paper can say that

[11:57] {Threei} pensioners read it while walk their dogs in the park

[11:58] {larisa} same here, not sure why vad is reacting to this :) must be bored

[11:58] {Threei} I am, lol

[11:58] {Threei} that was a quote form market update, not cnbc

[11:59] {dino} ebix to .68

[11:59] {larisa} so when you say in here : RIMM is selling.. it does not make sense too, caz someone is buying :)

[12:00] {dino} tighten ebix

[12:00] {Threei} not really

[12:00] {Threei} stock is selling equals to price is dropping... if I said traders are selling RIMM{ then yes, you could call me an idiot

[12:00] {dino} well, w/selling larisa, there still are naked shorts

[12:00] {Threei} as it stands, I'd strongly object

[12:01] {dino} out ebix .72, +.42

[12:01] {larisa} lol

[12:01] {larisa} gj dino

[12:01] {dino} ty, but i was serious on the shorts

[12:01] {larisa} put EBIX on my screen and took it away in a minute :)

[12:01] {dino} bad girl

[12:02] {larisa} :)

[12:02] {dino} dbrn spike

[12:02] {Threei} I dislike the name of this stock

[12:02] {dino} raises guidance

[12:03] {ese} watch watch watch watch watch watch watch......watch watch........watch watch.......(hum that to camptown races}

[12:03] {dino} darn rino, did not go to gap

[12:04] {Threei} I want what ese is smoking

[12:04] {Threei} must be a good stuff

[12:04] {ese} fuuuuuuuuuuuuuuuuuuuuu..................ahhhhhhhhhhhh ffffuuuuuuuuuuuuuuuuu..............ahhhhhhhhhhhh

[12:05] {Threei} fantastic stuff

[12:05] {ese} indeed

[12:05] {dino} just say no to drugs

[12:06] {ese} rotflol

[12:06] {nemo} and alcohol?

[12:06] {ilana} don't smoke and trade

[12:06] {ese} NO WAY!!!!!!!

[12:06] {dino} a very good time tested, legal substitute

[12:07] {ese} my brothers advice........."drink heavily when you need too"

[12:07] {nemo} define "need"

[12:07] {dino} "one for the ditch"

[12:08] {ese} oh man!!!rotflol

[12:08] {nemo} in Massachusetts, if you have one DUI/OUI, you can't get a firearms license

[12:08] {ese} that was funny dino

[12:08] {dino} :)

[12:10] {ilana} RIMM is gettig back to previous trigger

[12:11] {ese} lookin for some action today..............wait til i tell patience that i've started a meth lab right beside her house........

[12:11] {ese} she should become animatied in.............t minus 2 seconds

[12:12] {nemo} .40 is r2 on rimm

[12:12] {magoo} who u kidsding..shes the brains behind your enterprise

[12:12] {patience} running the business for my daughter magoo

[12:12] {Threei} 24% Favor National Sales Tax, 65% Oppose

[12:13] {Threei} 24% don't buy aything?

[12:13] {ese} like that adds up to 100%

[12:13] {Threei} well ese... there are three kinds of people: those who can count and those who can't

[12:13] {ese} rotflol..........love it

[12:13] {Les} lol oh vad you save us from boring sessions

[12:14] {patience} one decent trade this morning in gold (hgu) this morning....where is my christmas bonus trade this year

[12:14] {Les} still short WMT. no volume on upticks. looks good for day trade.

[12:14] {Threei} Short Setup: RIMM .50 break

[12:14] {Threei} if stays below .60

[12:14] {ese} turned out to be t minus 2 mins

[12:15] {ese} i felt sure patience that i would get a reaction out of you sooner

[12:16] {patience} on my street, everybody knows everybody's business....meth lab would make for some good chatter here :)

[12:17] {ese} this board is a barrel of laughs.........it's now addictive........i have to get a fix of this board before the day

[12:18] {dino} lol patience, we call my neighborhood a safe one, we all walk to each others houses and drink

[12:18] {Threei} that's true... I once walked patience's street after consuming 2 litres of vodka... didn't even talk to anyone.. yet got 4 dinner invivations next day

[12:18] {fernp} stopped

[12:18] {Threei} no go RIMM

[12:18] {ese} rotflol.......good one

[12:18] {Threei} I give up, this is frog invasion today

[12:18] {fernp} too many frogs today

[12:18] {Threei} they are small but they are everywhere

[12:19] {nemo} Wasn't that a Ray Milland movie?

[12:26] {Les} covered WMT .51 +.26. damn broke straight through low of yesterday on volume

[12:26] {dino} gj

[12:27] {Les} or could this be bounce time vad?

[12:27] {dino} fds

[12:28] {Les} l wmt .56

[12:29] {Threei} no idea

[12:29] {dino} vrsk

[12:29] {dino} fact

[12:31] {dino} takeover fight fact

[12:33] {dino} deck -7 in 2 days

[12:33] {dino} fds feels like 65s

[12:37] {Threei} Senate commission formed to study measures to cut deficit; dramatic tax hikes possible

[12:38] {Threei} dramatic eh

[12:38] {Threei} anyone for canadian citizenship?

[12:38] {nemo} that will leave alot left over for a consumer economy

[12:42] {dino} fds hit 65.92, and i was at .75 ugh

[12:47] {Les} partial out wmt .67

[12:49] {fernp} RIMM hod

[12:51] {Les} all out +.10. alright, back in green for the day

[12:51] {Les} those frogs threatened to croak me this morning

[12:51] {dino} gj

[12:51] {fernp} gj

[12:52] {dino} i'm not getting the frog joke

[12:53] {larisa} new game, stops are frogs for some reason. trades that worked are princesses :)

[12:53] {Les} couple of stops taken this morn dino

[12:53] {dino} ahhhh

[12:53] {Les} yeh its Vad's idea

[12:53] {Threei} it's easy

[12:54] {larisa} hope he gets tired of it in a couple of days :)

[12:54] {Threei} for a princess to discover her prince, she has to kiss some frogs thatg never turn into anything worthy kissing

[12:54] {nemo} princes (if you're that way) are wins, and frogs are losers

[12:54] {nemo} I'll stick with princesses

[12:54] {dino} prefer to call them gorf's

[12:54] {Les} Do frogs "croak" in American english?

[12:54] {nemo} yes, and ribbit

[12:55] {Les} that was play on word on frog comment

[12:58] {fernp} Don't you like RIMM if breaks .70, Vad?

[12:59] {Threei} I do

[12:59] {Threei} it's just that 3/4 of what I liked today didn't like me back

[12:59] {larisa} .73 high

[12:59] {Threei} used to be other way around... getting old

[13:00] {fernp} let's see if this play is your princess :-)

[13:00] {dino} aren't we all

[13:00] {Threei} except girls

[13:01] {Threei} and I am not sure about Alert

[13:01] {ilana} thinkng to short off .70

[13:01] {Threei} never got to investigate her/his gender

[13:01] {fernp} Qs in doing nothing

[13:01] {fernp} is

[13:01] {Les} why am I a girl?

[13:02] {Les} who decided my gender?

[13:02] {Threei} you are not getting older?

[13:02] {Les} and how do I change it?

[13:02] {larisa} when I got love letter from 17 years old recently, I realized i am getting old :)

[13:02] {nemo} whoa

[13:02] {Threei} jusy how exactly you manage to get letters from them?

[13:02] {Les} jail bait

[13:02] {nemo} website

[13:03] {Threei} stop posting your profile on dating sites

[13:03] {Threei} that might help

[13:03] {larisa} nah :) baby stick it to my car while i was shopping. Turned out he was sleeping in the car next to mine :)

[13:03] {fernp} stop is under .60 or .55, Vad?

[13:04] {Threei} .60

[13:04] {Threei} helod above it long enough to make it valid support

[13:05] {dino} nice larisa

[13:06] {nemo} I get tickets stuck to my car

[13:06] {Threei} lol

[13:06] {larisa} I prefer men over 35, and they do not write :)

[13:06] {larisa} lol

[13:06] {Threei} do not write? we don't even talk

[13:06] {larisa} :)

[13:06] {Threei} we just gesticulate with our chins

[13:07] {nemo} do you use both of them vad?

[13:07] {nemo} sorry

[13:07] {magoo} our expertise is remote control manipulation

[13:07] {nemo} couldnt help it

[13:07] {dino} ;)

[13:07] {Threei} beard masks the rest 4 nemo

[13:07] {nemo} oh, that's not all...

[13:08] {nemo} I haven't gotten a haircut since the last time you saw me

[13:09] {Threei} trying to save on clothes?

[13:09] {nemo} no

[13:19] {fernp} come on RIMM, forget all the things I told you

[13:20] {Threei} ahha

[13:20] {Threei} now you are trying to be nice to it

[13:20] {fernp} very nice

[13:23] {ese} gotta go........2 more shows to do.......then........drink heavily time cya tomorrow

[13:23] {fernp} bye ese

[13:23] {ilana} cya ese

[13:23] {Les} ciao ese

[13:25] {dino} cya es

[13:25] {Threei} take care ese

[13:29] {fernp} stopped

[13:29] {Threei} told you... it's totally random right now...

[13:30] {fernp} true

[13:30] {ilana} why not play the range then?

[13:30] {Threei} because they break range

[13:30] {Threei} then retunr to it

[13:30] {Threei} so they'll stop you out anyway

[13:31] {dino} out meli .45, +.45 took hours

[13:32] {Threei} VP Biden expected to announce administration to propose an added $5B for clean energy manufacturing tax credits

[13:33] {Threei} (CA) BoC's Carney: Canada to grow faster than other G7 countries in 2010; must prepare for "more normal" interest rates

[13:33] {Threei} - Recent Canadian data is consistent with expectation.

[13:33] {Threei} - Reiterates that risks from household debt are relatively low but rising.

[13:33] {Threei} - commercial real estate situation is US remains difficult

[13:37] {Threei} US) White House Official: Administration plan for boosting US manufacturing involves "ongoing dialog" on currencies, believes FX rates should be set by markets

[13:37] {Threei} - Would like to see jobs package discussed by Congress in early 2010 or sooner

[13:38] {Threei} sooner?

[13:41] {Threei} interestingly enough,

[13:41] {Threei} while FOMC days are often difficult

[13:42] {Threei} they are much more alive when FOMC decision means something.

[13:42] {Threei} Today's one means nothing,

[13:42] {Threei} everyone knows what it's going to be

[13:42] {Threei} yet market is dead

[13:45] {Threei} US) Reportedly Connecticut AG has called on the Fed to roll back credit card interest

[13:45] {Threei} hmm?

[13:45] {Threei} does Fed sets credit card interest?

[13:48] {nemo} rimm is at VWAP, probably good for .30 if it drops .20

[13:50] {dino} brb

[13:52] {larisa} thanks nemo, scalped RIMM long, not sure what you meant, long or short :)

[13:53] {Threei} Wednesday, December 16, 2009 1:52:53 PM

[13:53] {Threei} Preview: FOMC rate decision due out at around 14:15ET

[13:53] {Threei} **there has been a lot of speculation about the various tweaks the FOMC might implement today, though consensus expectation appears to be for the Committee to hold off on any hawkish new changes in its phrasing until 2010. The Financial Times recently speculated that the FOMC might want to begin distinguishing between its monetary policy and liquidity policy, which could result in the central bank raising the discount rate, while holding its federal-funds target unchanged at 0-0.25%. Some analysts also suppose that the Fed could start to modify its language on keeping rates exceptionally low for an "extended period." Notably, in his speech to the Economic Club of Washington last week, the Chairman left out any reference to the "extended period."

[13:54] {Threei} Other speculation is focused on what the FOMC might say about its asset purchase programs. The FOMC has made modifications to the asset program at its last two meetings (tapering the pace of MBS and agency purchase programs at the Sept meeting, and cutting the agency debt program to $175B from $200B in Nov).

[13:59] {magoo} RIMM is biggest peice of shit

[14:00] {Les} not tempted to short RIMM here... what did you do?

[14:00] {Les} watching it though

[14:00] {fernp} I hate RIMM

[14:00] {magoo} im just amazed howe it sux all the time

[14:00] {magoo} we may scalp a measly dime ..but most of time it sux

[14:01] {magoo} that fall off is just wrong

[14:01] {Les} I'm amazed I haven't been chasing such crap. I am starting to recognise crap when I see it.

[14:01] {dino} why play it then? like banging your head against wall

[14:02] {nemo} amzn at serious support

[14:02] {Threei} 13 min till FOMC

[14:03] {dino} wow esrx

[14:09] {Les} http://www.youtube.com/watch?v=R1X6RQLZtoA&feature=player_embedded

[14:10] {Threei} 5

[14:11] {magoo} tghey'll be late

[14:12] {Threei} BA Pentagon reportedly will not recommend Obama veto of defense bill over added C-17 orders added by Congress

[14:12] {Threei} - Pentagon officials reiterate view that there are enough C-17s in the US fleet already.

[14:13] {Threei} that's one confusing item

[14:13] {Les} so congress is quite clear that it wants more pork in budget

[14:15] {fernp} i've wasted all my profits in three plays in RIMM. I can't get rid of that thought

[14:15] {Threei} DCGN

[14:15] {Threei} Decode Genetics Journal publishes discovery of major risk factor for Type 2 diabetes, dependent on parent of origin

[14:15] {Threei} - Scientists at deCODE genetics, Inc. (Nasdaq:DCGN) publish in the journal Nature the discovery of a version of a common single-letter variant in the sequence of the human genome (SNP) with a major impact on susceptibility to type 2 diabetes (T2D).

[14:15] {Threei} - The impact of the T2D variant is not only large, but unusual: if an individual inherits it from their father, the variant increases risk of T2D by more than 30% compared to those who inherit the non T2D-linked version; if inherited maternally, the variant lowers risk by more than 10% compared to the non T2D-linked version. Nearly one quarter of those studied have the highest risk combination of the versions of this SNP, putting them at a roughly 50% greater lifetime risk of T2D than the quarter with the protective combination.

[14:15] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% ; REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:15] {Threei} - Vote was unanimous (10-0) (related SPY SHY TLT EUR/USD GBP/USD USD/JPY GLD )

[14:16] {patience} .

[14:18] {dino} ..

[14:18] {nemo} ;;;;;;;;;;;

[14:20] {Threei} strangely muted reaction

[14:20] {Threei} extended period is what mArket wants to hear

[14:21] {dino} earliest is june, most likely sept, imo

[14:22] {dino} other thing on their minds, ireland, greece, austia banks about to blow up, as well as questions on spain

[14:22] {fernp} FITB lod

[14:22] {Les} or they are ready to sell the news

[14:27] {Les} CAT?

[14:27] {Threei} roll a dice

[14:28] {fernp} JOYG dbi

[14:28] {strider} So I leave you folks alone for a few hours,, and you're already shooting craps.

[14:28] {larisa} lol

[14:29] {Threei} it's Les

[14:29] {dino} sm l esrx .01

[14:32] {fernp} TSO breaking lod

[14:33] {dino} pwrd lod, china stock, strange

[14:33] {Les} AIG on .74 b/d?

[14:33] {fernp} SUN also breaking

[14:33] {Threei} chart is right

[14:34] {Threei} market is chaotic

[14:34] {Les} lets implement some planned chaos...

[14:38] {magoo} amzn bouncer vad?

[14:38] {Threei} chart is breakdown on it, and no normal formation woreked today, so - yes

[14:38] {larisa} lol

[14:39] {magoo} up .20 since i asked

[14:39] {magoo} .50

[14:39] {Threei} see?

[14:40] {dino} pwrd sm l .25

[14:44] {Les} AIG

[14:47] {fernp} try to trade BAC today. What kind of chart is that? lol

[14:48] {Threei} AONE Hearing positive comments from Lazard (timing uncertain) (18.65, +0.49, 2.70%)

[14:48] {dino} that is called the coin toss chart'

[14:48] {fernp} agree, lol

[14:49] {Threei} I'll tell you what chart it is

[14:49] {Threei} get a mule, pour it bottle of vodka,

[14:49] {Threei} when a mule is good and drunk, tie a pencil to its tail,

[14:49] {Threei} put a sheet of paper under the tail and pin a mule with needle

[14:50] {Threei} what he draws on the paper is this chart

[14:50] {fernp} rofllll

[14:50] {Les} almost sounds like the voice of experience...

[14:50] {larisa} do not torture animals

[14:50] {Threei} torture? this animal will chase you for days after that begging for party continuation

[14:51] {Les} lol

[14:51] {Threei} "I demand to continue banquet!"

[14:52] {dino} pwrd stopped

[14:54] {Threei} alternatively, this chart is my EKG in 30 years

[14:54] {Les} slow and steady?

[14:54] {Les} or flatline?

[14:54] {Threei} narrow, quiet, meanignless and ready to quit

[14:56] {Les} AIG offering short entry here.

[14:58] {fernp} +.05 TSO +.06 SUN I should play only these type of trades

[14:59] {magoo} AMZN wrecked

[15:03] {dino} giddy-up

[15:08] {dino} pwrd rinsed

[15:11] {Threei} NVDA stubbornly stays near high

[15:12] {nemo} rimm stubbornly stays at this level

[15:12] {Threei} here come pitchforks:

[15:12] {Threei} GS Reportedly unions asking 10 state AGs to probe firm for role in subprime mortgage lending

[15:14] {Threei} how do they connect GS and subprime?

[15:14] {dino} and unions?

[15:14] {Threei} yeah, lol

[15:15] {Les} housing workers union...

[15:15] {Threei} it was acknowledged that GS was not really involved in subprime lending, and never let leverage go up anywhere that much as most

[15:16] {Threei} which was one of the main reasons for their relative stability

[15:17] {dino} politics of envy, you git it, i want it

[15:17] {dino} git=got

[15:18] {nemo} ravenspeak

[15:19] {Threei} UAUA CEO: Seeing gradual pickup in demand, business travel demand is returning; seeking opportunistic financing for planes (11.21, +0.16, 1.45%)

[15:19] {dino} cawww

[15:20] {dino} hon hl l .50

[15:21] {dino} ouch deck, xmas is over

[15:23] {Threei} SPY chart starts looking like that same drawing by the drunken mule

[15:23] {Threei} or like my EKG in the morning of Jan 1

[15:28] {Threei} DECK, ever since you asked first time I wanted to short it

[15:28] {Threei} too bad I never did

[15:29] {dino} sometimes you have to say, "what the f*ck, can't say it, can't do it"

[15:29] {Threei} that was around 95, remember?

[15:30] {Threei} when I labeled it as breakdown

[15:30] {Threei} and magoo called me insane

[15:30] {dino} 94, i scalped it

[15:30] {magoo} not on that i didnt

[15:30] {Threei} well, at least you thought that

[15:30] {dino} going to 90s for strike

[15:30] {dino} hon gap fill

[15:31] {dino} we will play deck tomorrow

[15:31] {nemo} You never play with a full "deck"

[15:31] {nemo} that was too easy

[15:31] {dino} as well as, esrx, amed, pwrd, fds

[15:33] {dino} as long as i remain in the game nemo, thats rule # 1

[15:33] {nemo} absotutely

[15:33] {dino} who said you need to be sane to trade

[15:34] {nemo} reminds of a joke

[15:34] {nemo} Guy changes his tire before he leaves home and heads out

[15:34] {nemo} As he's riding down the road, all of a sudden one tire rolls off

[15:35] {nemo} So, he comes to a stop and sees he forgot to put the lug nuts on the tire

[15:35] {nemo} So he's standing there wondering what to do

[15:35] {nemo} He gets this feeling and looks behind him and sees a guy staring at him from behind a barbed wire topped fence

[15:35] {nemo} He remembers it's the local insane asylum

[15:36] {nemo} So, the guy behinds the fence says, "Why don't you take one lug nut off the other three tires and use them to secure the other tire."

[15:37] {nemo} The guy looks at him and says, "Wow, that's pretty good." You figured that out and you're in there?" Guy behind the fence says, "Look, I might be crazy, but I'm not stupid!"

[15:37] {Les} hmmm

[15:37] {Les} night all

[15:37] {dino} (colorful joke)

[15:38] {nemo} Janitor!

[15:38] {dino} cya les

[15:38] {Threei} sigh

[15:38] {Threei} but lol

[15:38] {dino} :)

[15:39] {nemo} That's as bad as, (colorful joke)

[15:41] {Threei} you don't have dcc or what, lol

[15:42] {nemo} dcc dino

[15:43] {Raven} oh sigh

[15:44] {Raven} and nemo ... you do not put lug nuts on tires ... they go on WHEELS ... sheesh

[15:44] {dino} gottas hop

[15:44] {nemo} yes Raven

[15:44] {Threei} lol

[15:44] {nemo} they actually go on the lugs

[15:45] {Raven} correct ... micro analysis

[15:45] {nemo} yes, thus "lug" nuts

[15:45] {Raven} exactly

[15:45] {nemo} ty

[15:45] {Raven} wheels fit over the lugs

[15:46] {Raven} tyres are affixed to the wheels

[15:46] {nemo} I realize you were born in New England, but really

[15:46] {Raven} Olde England

[15:47] {strider} The breadth and depth of knowledge available in this room is frightening.

[15:47] {Raven} truly awesome

[15:47] {fernp} Good evening everybody. See u all tomorrow

[15:47] {strider} night, fern

[15:47] {nemo} YEs, but is it useful?

[15:47] {Threei} take care fern

[15:48] {strider} Frightening, I say. Frightening.

[15:48] {nemo} vaya con diablo fern

[15:48] {nemo} oops

[15:48] {nemo} that's for me

[15:49] {Raven} mercifully ... this is almost over ....

[15:50] {nemo} yeah...but

[15:50] {nemo} there's tomorrow

[15:50] {nemo} and Friday

[15:50] {Raven} sigh

[15:54] {Threei} okay guys, time to end this meaningless day

[15:54] {larisa} bye all

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

[15:55] {strider} see ya, vad.

Dec 15 2009

Boring but winning day. As we came to call stopped trades frogs we have to kiss in order to find princes, today's count is princesses 4 frogs 1. CSIQ long right after open (the only long today), WFC short in few minutes for nice 1:3 move, then short RIMM stopped us out by 2 cents before proceeding to work (ugh), and two more shorts that worked nicely - BBY and MET. And as action slowed down, whole lot of decidedly not funny jokes.

Session Time: Tue Dec 15 00:00:00 2009

[07:48] {strider} 07:43 EDT RIMM theflyonthewall.com: Research in Motion valuation discount unwarranted, says Jesup & Lamont

[07:48] {strider} Jesup & Lamont's analysis indicates RIMM shares trade as 25% discount to the smartphone group based on 2011 consensus estimates, something the firm feels is unwarranted. In addition, Jesup thinks RIMM's November quarter tracked to meet or beat its estimates of $3.7B in sales and $1.01 in earnings. The firm keeps a Buy rating on the stock with an $80 price target

[08:12] {nemo} Hi folks, you too birdman :)

[08:14] {Raven} {--{--

[08:15] {nemo} Oh great more ravenglyphs

[08:15] {Threei} good moprning

[08:15] {nemo} wow, spelling gone awry already

[08:15] {Raven} moprning :)

[08:15] {Threei} US) Preview: Nov Producer Price Index and PPI ex Food & Energy due at 8:30amET

[08:15] {Threei} - Producer Price Index MoM: 0.8%e v 0.3% prior; YoY expected at 1.8% v -1.9% prior

[08:15] {nemo} subtle Raven

[08:15] {Threei} (US) Preview: Dec Empire Manufacturing Index due out at 8:30amET

[08:15] {Threei} ***consensus estimate: 24.00e v 23.51 prior (Most analyst range of estimates seen from 21.0 to 26.0

[08:16] {Threei} why no one ever remarks on how perfect my cspelling is when I copy/paste...

[08:16] {Raven} cspenning just great !

[08:16] {Raven} nn=ll

[08:16] {Threei} ahh

[08:16] {Threei} welcome to my world

[08:16] {Threei} but yeah, misspellinng of word spelling is a new low

[08:17] {Threei} and you thought I hit rock bottom

[08:17] {Raven} new lows set here daily

[08:17] {Threei} well, at least we are consistent

[08:17] {Threei} and ternding

[08:17] {Threei} trending

[08:17] {Raven} sheesh!

[08:17] {Threei} lol

[08:18] {Raven} I need some tea ...

[08:18] {Threei} hey, no single mistake in lol

[08:25] {Threei} Sinovac Biotech SVA named "New Buys" by Louis Navellier's Quantum Growth Newsletter; DM, DRC, HITK names "New Sells"

[08:25] {nemo} gap up, gap down, gap up, gap down, row row row your boat

06[08:28] * nemo slaps ese around a bit with a large Pearl Bass Drum

[08:28] {ese} wow.......

[08:28] {ese} morning dude

[08:28] {nemo} dude

[08:28] {ese} whats new and exciting

[08:29] {nemo} zip zed nada, null nyet nein

[08:29] {Threei} El Duderino

[08:30] {ese} hmmmmmmm.......well then .....i know it's morning but we need to start drinking heavily

[08:30] {Threei} *(US) NOV PRODUCER PRICES INDEX M/M: 1.8% V 0.8%E

[08:30] {Threei} US) DEC EMPIRE MANUFACTURING: 2.55 V 24.00E

[08:30] {nemo} oh oh!

[08:30] {nemo} quick, hop on the down train

[08:31] {ese} that can't be right

[08:31] {nemo} yes it can

[08:31] {ese} 25.5 maybe

[08:31] {nemo} You have $ drubbing until recently, and you have fixed cost coverage requirements

[08:32] {Threei} still

[08:32] {nemo} oh, I was looking at the PPI

[08:32] {nemo} sorry

[08:32] {Threei} 6 month business conditions at worst level since July 2009

[08:32] {Threei} - Drop in Index largest since July 2001

[08:34] {Threei} ese

[08:34] {Threei} The Dude: Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not into the whole brevity thing.

[08:35] {nemo} Mmmmhhhh...the asylum is at full capacity early this morning...

[08:38] {ese} ahhhhhhhhhh.........i can do that.....i called you the exalted one yesterday.......did that work

[08:38] {nemo} yeah, he set up a mirror in front of his monitor

[08:39] {Threei} I went to look up exalted in the dictionary and fell asleep

[08:39] {ese} you get much snow up your way yesterday?

[08:40] {Threei} lol, that was my luck

[08:41] {Threei} I was returning home around 4:30-5 when snow started

[08:41] {Threei} whole highway part was abut 40 km/h

[08:41] {Threei} you can imagine how long it took to get home

[08:42] {Threei} plus irritating imbecil behind me who just doesn't get the concept of keeping safe distance when it's slippery

[08:42] {Threei} now, 30 min after I got home, rain destroyed all the snow in like 15 minutes

[08:42] {Threei} totally clear now

[08:42] {ese} always some fruit cake in the crowd.........it didn't last long here......supose to be about 20cm today or tomorrow

[08:42] {Threei} here?? in Vancouver I though

[08:42] {Threei} thought

[08:43] {Threei} early warning was not for Victoria... let me look if changed

[08:43] {ese} ummmmmmm......maybe your right.....i may have gotten that wrong

[08:44] {Threei} Greater Victoria

[08:44] {Threei} 05:44 PST Tuesday 15 December 2009

[08:44] {Threei} No watches or warnings in effect.

[08:45] {ese} yup your correct....mostly rain here

[08:55] {ese} jaso......haven't seen much action from this one for a long time

[08:56] {Threei} December 14, 2009 4:05:30 PM

[08:56] {Threei} JA Solar Holdings Expects Q4 shipments to exceed the high end of prior guidance given on Nov 10 of 170-200MW; Guides FY09 shipments to exceed 488MW vs prior guidance of 448-478MW; Guides FY10 shipments 750-800MW

[08:56] {Threei} - Based on strong customer demand for JA Solar's products, the company currently expects shipments for the fourth quarter of 2009 to exceed 210MW, compared with prior guidance in the range 170MW to 200MW.

[08:56] {Threei} couple upgrades too

[08:56] {Threei} targets are modest though

[08:57] {Threei} 5.50 and 7

[08:57] {ese} ya

[08:59] {Threei} CME Firm has cleared its first CDS trade - spokesperson (333.03, 0.00, 0.00%) (related CDSXX )

[09:00] {Threei} *(US) OCT NET LONG TERM TIC FLOWS: $20.7 V $37.1BE

[09:00] {ese} what might that be.........CDS trade...canadian dollar?

[09:01] {nemo} Credit Default Swap

[09:01] {Threei} those same that were pointed as one of the major causes of the crisis

[09:02] {fernp} Good morning everybody

[09:02] {Threei} fern :)

[09:02] {ese} hmmmmmmmm..........

[09:02] {nemo} Hola

[09:02] {ese} fern

[09:05] {strider} WY gap up...electing REIT status.

[09:05] {dino} gm all

[09:05] {strider} morning dino...

[09:05] {strider} & everybody

[09:06] {Threei} strider, dino :)

[09:06] {dino} :)

[09:09] {dino} wy

[09:09] {dino} bby

[09:12] {dino} bby gap filling 43

[09:12] {Les} No Nemo, I think you are suffering an early onset of Alzheimers...

[09:12] {Les} GM all :)

[09:12] {Threei} earlyZ?

[09:12] {Threei} morning Les

[09:15] {Threei} *(US) NOV INDUSTRIAL PRODUCTION: 0.8% V 0.5%E; CAPACITY UTILIZATION: 71.3% V 71.1%E

[09:15] {Threei} - prior Industrial Production revised from 0.1% to 0.0%

[09:15] {Threei} - prior Capacity Utilization revised fr...more... (related SPY SHY EUR/USD TLT )

[09:15] {nemo} hi lari

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:16] {larisa} :)

[09:16] {Threei} WFC

[09:16] {Threei} Wells Fargo & Co Pricing of secondary offering seen at approx $25/share -CNBC

[09:16] {Threei} ***Reminder: Firm announced at $10.4B common stock offering as part of package to repay $25B in TARP funds on Dec 14

[09:16] {Threei} the ease with which they issue shares and sell them in unprecedented amounts is amazing

[09:17] {Threei} C, BAC, WFC

[09:17] {nemo} PT Barnum at his best

[09:17] {Threei} you'd think they'll have troubles convincing the market their financial health is so great

[09:17] {nemo} Sheep shearing

[09:20] {Threei} can't say sheep resists eh

[09:20] {Threei} willing and eager participant

[09:20] {nemo} yep

[09:20] {Les} you don't think banks are buying each others shares with taxpayers money?

[09:21] {Les} just another con job at our expense?

[09:21] {Threei} what good would that do for them?

[09:21] {Les} just papering over the cracks

[09:21] {Threei} money shoffling from one p;ocket to another doesn't make sense

[09:21] {Les} neither does buying bank shares right now

[09:22] {Les} whatever.

[09:22] {Les} keeps me busy as a trader

[09:23] {Threei} look at it this way

[09:23] {Threei} buying makes sense if you can sell at profit later

[09:23] {magoo} morn

[09:23] {Threei} buying from each other doesn't help as there is no third party to sell to

[09:23] {Threei} magoo :)

[09:23] {Threei} remember old joke

[09:24] {nemo} well, market shaking off the inflation and manufacturing data

[09:24] {Threei} about broker and doctor?

[09:24] {Threei} where broker was convincing a client to buy more and more shares of some obscure company

[09:24] {Threei} showing that price quickly rises

[09:24] {Threei} finally doctor said, no, enough is enough, I have a huge gain, let's see

[09:24] {Threei} to which broker replied:

[09:25] {Threei} sell to whom? all this time you were the only buyer

[09:25] {Les} hmm. I'd love to know who is buying bank shares now

[09:25] {dino} bucket shop

[09:26] {dino} mutual funds, hedge funds, etc. long termers imo

[09:26] {Les} ascending triangle on SPY

[09:27] {magoo} vad, lol

[09:28] {ese} do any of those places still exist dino, bucket shops....pardon my ignorance here

[09:28] {Threei} in stock market they were outlawed about 90 years ago ese

[09:28] {Threei} in curencies though... they exist

[09:29] {ese} really.......huh....go figure

[09:29] {dino} bucket shops was answer to vad's joke, boiler room, good movie

[09:29] {Threei} let's get back to it later

[09:29] {ese} k

[09:29] {Threei} exactly dino

[09:31] {Threei} RIMM

[09:31] {Threei} sharp pullback into 62.60 -.70 should be an entry

[09:32] {nemo} .30 key resistance

[09:32] {Threei} RIMM: uhhu

[09:32] {nemo} yes

[09:33] {magoo} watchging BBY vad?

[09:34] {Threei} Long Setup: CSIQ 25 break half lot

[09:35] {lasertrev} gm

[09:35] {Threei} trev :)

[09:36] {nemo} wow

[09:36] {Threei} eeck

[09:36] {nemo} misse it

[09:36] {fernp} impossible here

[09:36] {dino} aim

[09:36] {nemo} had to buy at 25

[09:36] {magoo} in .97

[09:36] {Threei} lol, I knew it

[09:37] {fernp} great entry mags!!!

[09:39] {ese} L beat .11

[09:42] {Threei} Short Setup: WFC .80 break

[09:43] {nemo} damn

[09:43] {Threei} stop for scalpers above .90, for day traders above 26

[09:45] {magoo} ok covered CSIQ try vad out .53

[09:46] {ese} out beat .08 -.03

[09:46] {Threei} stop to above .90 for everyone

[09:46] {ese} should have taken the .08 when i had it

[09:46] {magoo} jaso too vader

[09:49] {Threei} stop to above .85

[09:49] {Threei} stingy

[09:49] {Threei} and intend to stay this way

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {Threei} half out or take scalp

[09:49] {Threei} half for me

[09:50] {Threei} 1:2

[09:50] {Threei} 1/4 more

[09:50] {strider} out from .88

[09:50] {Threei} stop just above .80 for the last piece

[09:51] {Threei} princesses 2, frogs 0

[09:51] {Threei} 1:3

[09:51] {Threei} either cover in full or trail

[09:51] {Threei} to above .70

[09:51] {Threei} I am out

[09:51] {magoo} out to lunch u mean :)

[09:52] {Threei} a bit early for that...

[09:53] {dino} mgln

[09:53] {magoo} great EXIT vad

[09:54] {dino} bby wants high 40s, for strike

[09:54] {Threei} 2 cents above bottom

[09:54] {nemo} losing your touch

[09:54] {Threei} age...

[09:55] {Threei} gone are the times when I could whip out my Magnum faster than my reflection in the mirror

[09:55] {strider} Please...too much information!

[09:55] {dino} lol

[09:55] {Threei} sigh

[09:56] {magoo} wheres BBY bounce vad..crushed

[09:56] {Threei} not ready yet

[09:57] {Threei} RIMM...

[09:57] {Threei} looks like short to me but the stop is too far

[09:57] {ese} L stec .38

[09:57] {nemo} I have .75 as support level for bby

[09:59] {Threei} IMO, another leg down is coming

[09:59] {fernp} SOL .60 break, Vad?

[10:00] {Threei} clooooow...

[10:00] {Threei} c=s

[10:00] {fernp} slow?

[10:00] {fernp} y

[10:01] {Threei} Short Setup: RIMM .60 break

[10:01] {Threei} if stays under .70

[10:02] {dino} comm. construction luv

[10:03] {Threei} (US) Reportedly House Democrats planning a short term extension of the US debt limit, but not a year long extension

[10:03] {Threei} ***Reminder: On 12/13 the WSJ reported that some moderate Senate Democrats are mulling supporting a short-term increase in the government's borrowing authority. Legislation on raising the debt limit may be attached to the currently unapproved $626B spending bill which covers the Pentagon's operations for FY10. On 11/5, Democratic Congressman Sen Kent Conrad of North Dakota and Rep John Spratt of South Carolina said they were considering an increase in the US' debt ceiling.

[10:03] {Threei} **Note: The US' current debt ceiling is $12.1T. On Nov 4, the US Treasury said it expected the $12.1T debt ceiling to be hit in Dec.

[10:04] {nemo} first frog

[10:04] {nemo} just barely

[10:04] {strider} had RIMM triggered?

[10:04] {Threei} not sure, that was my question also

[10:05] {nemo} yeah, just a slight jump

[10:05] {fernp} yeah and stopped here

[10:05] {strider} rude as usual.

[10:07] {dino} osk hl l .50

[10:08] {Threei} BBY conference call in progress

[10:09] {Threei} so things change on line by line basis

[10:09] {ese} out stec .45 +.07

[10:10] {ese} want to catch this on pull back.....i love the daily.......i think there is some short covering going on here

[10:11] {ese} so much for the pullback

[10:15] {strider} RIMM

[10:15] {strider} possible short?

[10:15] {strider} just spiked.

[10:15] {nemo} not at the moment

[10:16] {Les} hey hey IB is back up. AWIAV?

[10:17] {fernp} me, in SOA from .65 Les

[10:17] {ilana} CAT should go long

[10:18] {strider} stop?

[10:19] {Les} could be upper boundary of range for CAT ilana

[10:19] {nemo} would have to be .10

[10:19] {Les} thanks fern

[10:20] {fernp} :-)

[10:20] {ilana} triangle... plus market's help

[10:20] {ese} well was wrong about stec pausing........great daily chart

[10:24] {dino} snda thin hl l .50, stop lod

[10:25] {nemo} now that's a stop!

[10:25] {dino} opps, wrong stock, .18 stop

[10:26] {nemo} that could have been expensive

[10:27] {dino} yeah

[10:27] {dino} i'm mr. freeze today, everything i touch, stops

[10:28] {nemo} I'll refrain

[10:28] {ese} didn't the market climb for 2 years after the 87 crash?.........yes/no

[10:29] {dino} big time

[10:29] {ese} longer even?

[10:29] {nemo} that was pre cds cdo cmo

[10:30] {dino} late 80s and 90s rocked, if i remember correctly

[10:30] {fernp} BBY maybe double bottom here

[10:30] {ese} we might have a year to go then

[10:31] {dino} thx fern forgot about it

[10:31] {fernp} np

[10:32] {nemo} stop too big for me but AMZN looking short

[10:33] {ese} l fitb .04

[10:34] {Les} need market help Nemo. too many stocks dependent upon market help IMO

[10:36] {Les} GS down big time

[10:37] {nemo} wow, want to see a big buyer/buy program. Look at de from yesterday at 3:00 until this morning at 10:15

[10:40] {strider} WFC short on bounce?

[10:41] {dino} greeeeen

[10:41] {fernp} out SOA +.13

[10:41] {dino} gj

[10:41] {fernp} thanks

[10:44] {strider} WFC lvl 1 high is wrong.....why can't they get those numbers to update properly?

[10:44] {magoo} i think its correct .32

[10:45] {fernp} level1 ignores premarket strider

[10:45] {larisa} out of bounds trade at 10:40

[10:45] {strider} yep.. you're right. I was looking at premarket.

[10:45] {magoo} ah

[10:45] {strider} 8:25-8:30

[10:45] {nemo} you take the plug out magoo?

[10:45] {magoo} pre mkt doesnt really exist lol

[10:46] {nemo} it's an existential construct

06[10:46] * strider slaps nemo around a bit with a large copy of Heidigger

06[10:47] * nemo slaps strider around a bit with a large copy of Nitsche

[10:47] {strider} WFC not following mkt up.

[10:48] {fernp} C also breaking lod

[10:48] {strider} Nietzsche.

[10:48] {nemo} boy...the selling at .30 on cat

[10:49] {nemo} damn jumped on me

[10:51] {strider} short WFC .04 stop .20

[10:51] {fernp} you in Cat, nemo?

[10:52] {nemo} no, it jumped .31

[10:52] {nemo} I was waiting

[10:53] {fernp} good move from .30 CAT

[10:53] {nemo} yes, hit resistance at .45 from yesterday

[10:53] {magoo} wheres vad?

[10:53] {ilana} CAT +.13, ty Vad

[10:53] {Threei} why me?

[10:53] {nemo} he's got that mirror in front of his monitor now

[10:53] {Threei} you found it yourself

[10:53] {dino} out snda .94, +.44

[10:53] {ilana} FITB +.07, ty ses

[10:53] {ilana} ese

[10:54] {ilana} did i wake you up?

[10:54] {ilana} good

[10:54] {Threei} nope, I am still sleeping

[10:54] {Les} nice one on CAT b/o

[10:57] {nemo} bby downward wedge

[10:57] {Threei} Short Setup: BBY .85 break half lot

[10:57] {nemo} too funny

[10:57] {Threei} if stays below 42

[10:58] {Threei} not a scalp for me if triggers

[10:59] {magoo} in s bby

[11:01] {Les} in

[11:02] {Threei} US) FDIC: Will propose $4B budget for 2010 operations (55.8% increase y/y)

[11:02] {Threei} - Expects more banks reaching risky status through 2010

[11:02] {Threei} - Will seek to increase staff levels to 8.6K from current 7K

[11:05] {ese} hi ilana.......was just fully concentrating on drys........am long here huge.......still long fitb .04

[11:06] {Threei} 1:1

[11:06] {Les} half out

[11:06] {nemo} gotta' step out for awhile...cu

[11:07] {fernp} ty Vad

[11:07] {fernp} bye nemo

[11:07] {Threei} princesses 3 frogs 1

[11:07] {Threei} take care nemo

[11:07] {Les} better ratio than last week

[11:08] {Threei} you sleot through yesterday?

[11:08] {larisa} yesterday was this week :)

[11:09] {Les} sleot?

[11:09] {dino} tthi ouch

[11:09] {ese} ILANA!!!!!!!

[11:09] {Les} english someone?

[11:09] {dino} deck blood

[11:09] {Threei} gosh les... look at your keyboard

[11:09] {ilana} yes

[11:10] {Threei} what possible letter could be there instead of o?

[11:10] {ese} i wasn't ignoring you..........

[11:10] {Les} french keyboard

[11:10] {Threei} strider

[11:10] {Threei} nemo left, so I need someone comptenet to answer this:

[11:10] {Threei} guess who is on TV

[11:10] {fernp} QWERTY

[11:10] {strider} yes?

[11:11] {ilana} no, you were in the trade :-)

[11:11] {ese} are you an fitb follower?

[11:11] {magoo} hes setting a new 2 day record vad

[11:11] {ilana} no, out , in BBY now

[11:11] {strider} Scarlett Johannson?

[11:11] {Les} QWERTZ

[11:11] {dino} jennifer aniston?

[11:12] {Les} homer simpson?

[11:13] {dino} lol

[11:13] {dino} stewie griffen

[11:13] {ese} VAD!!!!! vads on tv?

[11:13] {ilana} my eyes!

[11:13] {Threei} hey

[11:14] {Threei} granted, I am not that aestetically pleasing that everyone should drop whatever they do and run to TV to look at me

[11:14] {Threei} but not that ugly that I'd burn anyone's retina either

[11:14] {ese} ya can't ask a simple question around here vad....forget it

[11:14] {dino} you have a face for radio

[11:14] {strider} You're darker than I thought, vad.

[11:15] {ese} ah dino.........good one

[11:15] {dino} :)

[11:15] {Threei} OK... I hate you all... find yourself someone pretty to call stocks for you

[11:16] {Les} janifer anistan sounded good...

[11:16] {Les} jennifer

[11:16] {dino} indeed

[11:16] {ese} beauty lies in the eyes of the beholder vad.......and were definitely beholdin to ya

[11:16] {ilana} vad, you're pretty like your frogless princess calls

[11:16] {Threei} too late... I found my excuse

[11:17] {Threei} larisa, patience, ilana are new threei

[11:17] {ilana} what's with fitb?

[11:17] {ilana} im mean BBY

[11:17] {ese} was just thinkin that

[11:17] {ese} re fitb

[11:17] {ilana} oh then fitb too

[11:17] {patience} moi, pourquoi?

[11:18] {larisa} leave me out of this, please, calling stocks will give me wrinkles

[11:18] {Threei} ahha!

[11:18] {Threei} now you know why I am not so handsome anymore as I used to be 10 years ago

[11:18] {Threei} well, that and excessive drinking

[11:18] {Threei} and eating

[11:18] {Threei} and smoking

[11:19] {ilana} and trading

[11:19] {Threei} and general life enjoyment

[11:19] {ese} man.......i'm outta this now.........i can see trouble brewing

[11:19] {magoo} news DECK vad?

[11:19] {ese} don't want to jeopardize the shiskabob

[11:20] {Threei} nothing fresh mags

[11:20] {magoo} ty

[11:21] {Threei} President Obama: US on track to double renewable energy production by 2012

[11:22] {Les} from 1% to 2?

[11:22] {dino} at a cost equivilent of $200/b oil

[11:26] {ilana} didn't BBY turn to db?

[11:28] {Threei} it's rather four bottoms already

[11:28] {dino} osk dead, stopped .43 -.07

[11:31] {dino} deck sm l .00

[11:32] {fernp} BAC lod

[11:34] {Les} vad, bby 50 ma is 41.57

[11:34] {Les} you waiting for it to break that?

[11:35] {ilana} bby out + .13 ty vad

[11:35] {Threei} I don't see BBY as one more play here Les

[11:35] {Threei} welcome ilana

[11:35] {dino} dwa

[11:36] {Les} ok. out +.15 ty

[11:37] {Threei} what's with my math

[11:37] {Threei} or yours

[11:38] {Threei} how .85 entry gives +.15 here?

[11:38] {Threei} isn't it closer to .25?

[11:39] {Les} partialled out at .70

[11:39] {Les} exit .70 & .65

[11:39] {Les} nothing wrong with your math vad

[11:40] {Threei} ok... feeling better

[11:40] {Les} CAT good for another short?

[11:40] {Threei} 'cause you know, being called ugly and stupid in a span of single day...

[11:40] {dino} gj

[11:40] {Les} lol

[11:40] {dino} what's w/kss, aside from cramer liking it?

[11:41] {Threei} don't see any setup on CAT

[11:41] {Threei} nothing more dino

[11:41] {dino} ebix sm l .63

[11:43] {fernp} BAC breaking

[11:44] {strider} WFC

[11:45] {strider} I'm still short at .04 from 11:10

[11:45] {dino} arst

[11:48] {Threei} (US) Treasury Sec Geithner: Bank TARP repayments now total $185B, confidence is being restored in banking system

[11:48] {Threei} - Reiterates that govt never intended to be long-term shareholders in banks.

[11:51] {strider} VAd..advice please. short WFC from 11:10 at .04. Stop at .21. bounced of it several times. hanging tough at b/e now. Should I adjust my stop?

[11:56] {dino} amed

[11:57] {strider} Did Vad go home?

[12:01] {Threei} sigh

[12:01] {Threei} I wish

[12:02] {Threei} .10 is more or less new resistance

[12:02] {strider} WFC?

[12:02] {Threei} yeah

[12:02] {Threei} I am not sure what setup you saw to short it there

[12:02] {strider} should I just go flat?

[12:03] {Threei} I can't tell because I don';t underdtand the trade itself

[12:03] {dino} whatever you do, don't make it larger

[12:03] {Threei} thus I can't tell if it goes right or not

[12:03] {Threei} I am looking at 11:10 and don't see any setup there

[12:04] {dino} put hard stop in and move on, if it stops it stops

[12:04] {Threei} heck, I don't eve see it printing anything lower thhan .06 on that minute

[12:05] {strider} sorry. Entry was at 10:50

[12:05] {strider} break of suport at 10:39

[12:05] {Threei} OK... not delighted b y setup but at least it makes sense now

[12:06] {Threei} I'd trail it to above .10

[12:06] {strider} k

[12:07] {strider} I think I've had a short bias on WFC today, because of the new stock priced at 25.00.

[12:08] {dino} "what do you believe that isn't true"

[12:09] {Threei} whateveryone knows isn't worth knowing

[12:09] {strider} I know. Was just explaining probably what was going on.

[12:10] {strider} stoopped at .11

[12:10] {strider} also stopped.

[12:15] {dino} fds

[12:20] {Threei} don't anyone accidentally flick the market.. it frozen so aloid, it will just shutter

[12:22] {Threei} BBY new break... something must have happened somewhere, pace picked up suddenly

[12:23] {ese} am back......hmmmmmmm stopped out fitb i see .00 -.04

[12:23] {fernp} 20 min later +.05 on BAC

[12:23] {fernp} woooooh

[12:24] {ese} better than a kick in the pants

[12:24] {fernp} yeah

[12:24] {Threei} I'd say, it's much quicxker than I expected, fern

[12:25] {Threei} here is what sped things up for you:

[12:25] {Threei} BAC Ticks to low of day on vague chatter Merideth Whitney has placed a $7 PT on BAC

[12:26] {fernp} thanks Merideth

[12:36] {Les} gold miners hitting lod's. b/d to come?

[12:37] {Threei} name a stock so we could seee a chart and decide whethere there is a setyup;

[12:37] {dino} $ up

[12:37] {Threei} how can such general question be answered

[12:38] {fernp} GDX is gold miners ETF

[12:39] {Threei} Preview: Dec NAHB Housing Market Index due out at 1pmET

[12:39] {Threei} **consensus expectation: 18e v 17 prior

[12:39] {Threei} - estimates range from 17-20

[12:40] {fernp} AUY on lows... but it is AUY :)

[12:40] {Threei} yeah

[12:40] {Threei} I don't see setup on GDX itself

[12:40] {Threei} AUY has one,

[12:41] {Threei} but it's way too narrow and slow

[12:42] {Les} just putting out shorting ideas. gg, auy

[12:42] {Les} dinner time...

[12:43] {Threei} GG on .50 was more attractive

[12:43] {Les} that was the idea of mentioning the shorts

[12:43] {Les} if someone found something to short...

[12:44] {strider} WY

[12:44] {fernp} AUY almost 1:1 and 12 break on daily in atractive

[12:44] {Les} you took auy fern?

[12:44] {fernp} no, just looking at it

[12:45] {strider} possible support 43.50 WY

[12:45] {strider} 43.57

[12:45] {strider} current price.

[12:48] {larisa} CAT lod, RIMM hod

[12:50] {strider} NAHB housing market index at 1PM

[12:55] {fernp} ADBE hod ... earnings release after the close

[13:00] {Threei} DEC NAHB HOUSING MARKET INDEX: 16 V 18E

[13:03] {dino} fds sm l .68

[13:03] {dino} deck tyo .49

[13:04] {dino} to

[13:05] {dino} to .57

[13:06] {dino} out .59, +.59 deck

[13:06] {larisa} gyj

[13:06] {larisa} :)

[13:06] {dino} thx

[13:09] {dino} fds was only 100 testing

[13:09] {Les} FCX

[13:19] {nemo} so...what I miss, or AWIAV

[13:19] {Threei} were you here for BBY short?

[13:19] {nemo} yes

[13:20] {Threei} then nothing much

[13:20] {nemo} did anybody toake the fcx short at 12:17?

[13:20] {Les} night all. sigh - christmas dinners begin this evening

[13:20] {Threei} take care les

[13:21] {nemo} frohes Weihnachten Les

[13:21] {dino} have fun les

[13:21] {fernp} bye Les

[13:21] {strider} WY may be forming a bottom of some sort.

[13:21] {strider} hopefully c&h

[13:21] {nemo} what's with pru today

[13:21] {dino} fds...

[13:22] {fernp} 500 min later... 500 min later... AUY 1:1 lol

[13:22] {nemo} bby crashing

[13:22] {nemo} well, fender bender

[13:23] {strider} what you think of WY, Vad?

[13:23] {Threei} I would leave it alone

[13:23] {dino} bby i like 40.50 area

[13:23] {Threei} daily and intaraday conrtradict each other

[13:24] {dino} fds will add if breaks .25

[13:27] {dino} forget that for now

[13:27] {Threei} reamliner is taking off

[13:27] {Threei} dreamliner

[13:27] {nemo} fcx short break of .44?

[13:27] {nemo} might be bottom though

[13:28] {Threei} rea;ly no idea... 50/50

[13:30] {nemo} several tests of 45

[13:30] {ese} gotta go......it's been one of those.......oh well we'll give it another shot tomorow type of days....cya

[13:30] {nemo} .45

[13:30] {Threei} take care ese

[13:30] {ese} cya vad

[13:30] {fernp} bye ese

[13:31] {larisa} bye ese

[13:31] {ilana} cya ese

[13:32] {fernp} HIG on lows

[13:32] {larisa} I am so bored, I might even consider allowing vad to tell a joke..

[13:32] {Threei} careful

[13:33] {Threei} I might just do it

[13:33] {larisa} lol

[13:33] {strider} daly looks good on HIG also, nemo

[13:33] {strider} daily

[13:34] {fernp} {nemo} yeah

[13:34] {magoo} vad, FDS news?

[13:34] {nemo} sorry

[13:34] {nemo} fakeouts

[13:35] {Threei} premarket earnings, mags

[13:35] {larisa} earnings FDS

[13:35] {Threei} 07:00 FDS Reports Q1 $0.74 v $0.74e, R $155M v $156Me; Authorizes $100M addition to share buyback

[13:35] {Threei} - Guides Q2 EPS $0.73-0.75 v $0.75e, Rev $154-158M v $158Me

[13:35] {nemo} looks like maybe b on hig

[13:36] {nemo} DB

[13:37] {nemo} pru if market picks up

[13:37] {strider} So...do you know how you sell a chicken to a blind man?

[13:37] {Threei} strange

[13:37] {Threei} HIG vs PRU

[13:37] {strider} HEY! DO YOU WANT TO BUY A CHICKEN?!!!

[13:37] {nemo} yeah, exactly

[13:38] {strider} deaf man...:)

[13:38] {strider} blew the joke}

[13:39] {strider} oh well......scoot over, vad. I need a spot in your cave.

[13:41] {dino} pbp?

[13:44] {Threei} ok strider

[13:44] {Threei} here I come to rescue

[13:44] {Threei} how do you put an elephant in the fridge im 3 steps?

[13:44] {strider} thank god

[13:44] {strider} dunno

[13:45] {Threei} open fridge,

[13:45] {Threei} put elephant in,

[13:45] {Threei} close fredge

[13:45] {Threei} now... how do you put a giraffe in the fridge in 4 steps?

[13:46] {ilana} may i may i may i

[13:46] {Threei} no!

[13:46] {strider} {-------reduced to stammering.

[13:46] {ilana} uh

[13:46] {Threei} come on

[13:46] {Threei} you already have elephant experiwence

[13:46] {Threei} giraffe should be easy

[13:46] {nemo} it's a bear trap

[13:46] {Threei} ok, hint:

[13:47] {Threei} open the fridge...

[13:47] {Threei} well?

[13:47] {strider} waiting with baited breath.....

[13:47] {Threei} oh, come on, it's easy

[13:47] {Threei} anyone?

[13:47] {ilana} there are still laughing at the first joke

[13:48] {Threei} lol

[13:48] {strider} ask nemo....he knows all about giraffes.

[13:48] {Threei} ok, if you all give up... but you'll be ashamed in a second seeing how easy it was

[13:48] {nemo} sheep are my specialty

[13:48] {Raven} {}

[13:48] {Threei} open the fridge...

[13:48] {strider} I didn't want to say that.

[13:49] {nemo} hey fcx consoliating

[13:49] {nemo} consolidating

[13:49] {nemo} Larisa

[13:49] {Threei} ilana, tell them...

[13:49] {Threei} FCX more looks like long to me nemo

[13:49] {nemo} yes

[13:49] {nemo} I agree

[13:49] {larisa} not happy with a joke. it is hundred years old

[13:49] {Threei} take the elephant out,

[13:49] {Threei} put the giraffe in

[13:49] {Threei} close the fridge

[13:50] {fernp} lol

[13:50] {Raven} rofllllllllllllll

[13:50] {Threei} larisa, it was intended to save strider

[13:50] {dino} why don't cannibals like clowns?

[13:50] {ilana} wow

[13:50] {Threei} so it had to be worst than his

[13:50] {larisa} lol

[13:50] {Threei} and it was not easy

[13:50] {dino} taste funny

[13:50] {Threei} lol

[13:51] {Threei} ok, last one and I'll go to sleep for 30 min, then try to find a trade

[13:52] {strider} Oh, you mean the first one is overe?

[13:52] {Threei} guy with horryfing stutter stops a passerby and asks with huge troubles spending like 3 minutes to get it out

[13:52] {Threei} could tell me where do I find a school for stutterers?

[13:53] {Threei} passerby waits patiently,

[13:53] {Threei} then asks with visible puzzlemenet:

[13:53] {Threei} why do you ned such a school? You stutter beautifully witholut any trasining

[13:53] {fernp} lol

06[13:53] * nemo slaps Threei around a bit with a large lead pipe

06[13:54] * Threei fainst for the next 30 minutes

[13:54] {larisa} lol

[13:57] {strider} you watching GEF, dino?

[14:00] {Threei} FCX worked like charm

[14:00] {nemo} yep

[14:01] {dino} am now, lol

[14:03] {strider} you're welcome!

[14:03] {strider} :)

[14:04] {strider} wicked daily chart.

[14:04] {dino} look at 5 day, double bottom, mat=ybe, report wasn't bad

[14:04] {dino} maybe

[14:08] {dino} sm l gef .50

[14:11] {Threei} MET

[14:11] {Threei} let';s see if we get little bounce, then .60 break

[14:11] {Threei} stop above .70

[14:13] {fernp} GY if breaks .10, vad?

[14:13] {Threei} I think so

[14:13] {fernp} ok

[14:13] {Threei} MET is good and ready

[14:14] {Threei} Short Setup: MET .60 break if stays below .70

[14:26] {Threei} MET, enough of this baiting eyelaches at me

[14:26] {nemo} batting

[14:26] {Threei} what did I say?

[14:26] {Threei} ah

[14:26] {strider} nobody knows.

[14:26] {Threei} yeah'and eyelashes

06[14:26] * Threei slaps strider around a bit with a large dictionary of Threeish

[14:27] {strider} Thanks. I needed that.

[14:27] {Threei} always

[14:27] {Threei} count on me

[14:27] {Threei} and nemo with his lead pipe

[14:28] {nemo} need lead with your head

[14:29] {strider} CS halted for news pending

[14:29] {strider} Met looks like it's halted too....sympathy?

[14:31] {fernp} shorted HIG .84 MET and HIG are the same torture

[14:36] {Threei} most anal-retentive can trail the stop to above ,65

[14:38] {nemo} volatile day

[14:39] {Threei} 1:1

[14:39] {Threei} princesses 4 frogs 1

[14:39] {strider} out +.14 from aggressive entry

[14:39] {fernp} out MET ty

[14:40] {Threei} that frikin RIMM short just had to shake us out by 2 cents before dropping eh?

[14:40] {Threei} just to spoil the record

[14:41] {jmb} Thanks Vad

[14:41] {Threei} jmb :)

[14:44] {Threei} hmmm

[14:44] {nemo} gld short vad?

[14:44] {nemo} yep

[14:44] {Threei} between my promise to faint for 30 minutes and call, just 20 minutes went

[14:44] {fernp} come on HIG, come with daddy!! I wanna go home

[14:44] {nemo} so..you lied

[14:45] {Threei} honest mistake'but we will have to rectify it

[14:45] {Threei} I take the call back

[14:45] {nemo} ha ha ha

[14:45] {Threei} all those who profited from it, you'll have to return the money

[14:45] {Threei} into the market

[14:45] {nemo} long bby should do it

[14:45] {strider} I prepaid for mine, vad. Last week.

[14:46] {Threei} lol

[14:46] {Threei} don't do it strider - that was a good one, and you are not supposed to do good jokes

[14:46] {Threei} neither am I for that matter

[14:46] {strider} Really? I thought my jokes were terrific.

[14:46] {nemo} leave that to me

[14:46] {Threei} larisa will be sorely disappointed as she expects only bad ones from me

[14:47] {strider} Actually I don't remember telling any before that bomb today.

[14:47] {Threei} of course they are strider, of course they are

[14:47] {Threei} that's what I tell myself too

[14:47] {strider} thank you...thank you very much.

[14:47] {Threei} and hey, it works

[14:47] {Threei} I laugh at them

[14:47] {strider} I think you should just type them out in Russian......be funnier that way.

[14:48] {Threei} and when I totally run out of fresh material, I just return to dino's large moth

[14:48] {strider} Hey, I was getting ready to tell that one.

[14:48] {Threei} that would be a discrimation

[14:49] {Threei} why only larisa and ilana should suffer if I can torture you all

[14:49] {strider} CS re-opens,

[14:50] {Threei} Credit Suisse Group Trading halted; Confirms settlement talks with New York DA over USD payment probe, to pay around $536M in fines

[14:50] {Threei} - Expects to record an additional pre-tax charge of CHF445M in current quarter before tax, CHF360M after tax.

[14:51] {fernp} out HIG +.10

[14:51] {Threei} finally

[14:51] {Threei} wtfg

[14:51] {Threei} ummm

[14:51] {Threei} -f

[14:51] {Threei} lol

[14:51] {nemo} wtgf

[14:52] {strider} Re-watched a favorite movie last night, and think that this room should be renamed Anatevka. Sound familiar?

[14:52] {nemo} Asylum?

[14:52] {Threei} what's that?

[14:52] {strider} A fiddler on the roof...

[14:52] {strider} Sounds crazy, no?

[14:52] {strider} But here, in our little village of Anatevka,

[14:52] {strider} you might say

[14:52] {strider} every one of us is a fiddler on the roof.

[14:52] {strider} Trying to scratch out a pleasant, simple tune

[14:52] {strider} without breaking his neck.

[14:52] {strider} It isn't easy.

[14:52] {strider} You may ask,

[14:52] {strider} why do we stay up there

[14:52] {strider} if it's so dangerous?

[14:52] {strider} Well, we stay because

[14:52] {strider} Anatevka is our home.

[14:52] {strider} And how do we keep our balance?

[14:52] {strider} That I can tell you in one word!

[14:52] {strider} Trade-ition!

[14:53] {patience} very nice strider

[14:53] {strider} I did change the last word a bit.

[14:54] {fernp} out GY +.08

[14:54] {fernp} is my fate, slow ones but profitables :)

[14:55] {Threei} cry me a river

[14:55] {strider} what a terrible fate, fern :)

[14:55] {strider} patience, no one likes my idea.

[14:55] {fernp} lol. im tired. good evening everybody. see u all tomorrow

[14:55] {strider} or hasn't seen the movie.

[14:55] {Threei} wait

[14:55] {Threei} you have to listen to one more bad joke

[14:55] {fernp} ok

[14:56] {Threei} in our household dad decides everything,

[14:56] {Threei} mom only decided who to make dad

[14:56] {Threei} ok... go

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {Raven} rofllllllllll

[14:56] {Threei} ty

[14:56] {Raven} yw

[14:56] {ilana} i think MET is not done yet from here

[14:57] {Raven} but I've almost had enough

[14:57] {fernp} at least it was short. TY see you

[14:57] {Threei} maybe Ilana, but they won't forgive me another MET call

[14:57] {strider} I give up.

[14:58] {nemo} So, a recently married couple are sitting in the bedroom and the guy throws his jeans across his wife's lap and says, "Put those on."

[14:59] {nemo} Wife looks at him quizzically, and puts them on and says, "They don't fit, you could fit three of me in here."

[14:59] {nemo} Husband says, "That's right. I wear the pants in the family, and don't ever forget it!"

[14:59] {nemo} So, wife sits there for a second with a pissed look on her face.

[15:00] {nemo} She grabs her pants and throws them at him, "Try those on!"

[15:00] {nemo} Guy says, "I can't even get one leg in them."

[15:01] {nemo} She says, "That's right. And if you EVER want to get in them again. Remember I WEAR THE PANTS IN THE FAMILY!"

[15:01] {strider} groannnnnnn................

[15:01] {Raven} sigh

[15:01] {Threei} see raven?

[15:01] {Threei} and you thought I was bad

[15:02] {Raven} it is all bad

[15:02] {nemo} DPWFL

[15:02] {Threei} I just realized that my jokes to be funny require two conditions

[15:02] {Threei} 1. you are drunk

[15:02] {Threei} 2. you don't hear me

[15:03] {nemo} That's your singing

[15:03] {strider} I think that's where you're messing up, vad. It's US that are supposed to be drunk. Not you.

[15:03] {nemo} [15:02] {&Threei} 1. you are drunk

[15:03] {Threei} yup

[15:04] {nemo} what part of "you" don't you understand?

[15:04] {strider} Zoooom! Right over nemo's head.

[15:04] {patience} sigh, no trades for me today.....not my type of market

[15:04] {nemo} well, I am kinda' short

[15:05] {strider} Believe it or not, GE spike.

[15:05] {nemo} WTF momo

[15:05] {nemo} Magoo

[15:05] {strider} patience, I commend you for your, ah......patience.

[15:05] {nemo} ese...rim shot

[15:05] {nemo} no ese

[15:06] {Threei} GE Sees 2010 industrial profits flat, expects Q4 orders to strengthen - analyst day slides

[15:06] {Threei} - Worst is behind us in financial services.

[15:06] {Threei} - Could see more restructuring through 2010

[15:06] {Threei} - ... (15.76, -0.19, -1.19%) more...

[15:06] {Threei} - Expects to hold $23-26B in cash in 2010

[15:06] {Threei} (US) Fed Chairman Bernanke: Responds to Senator Bunning, notes regulation may be better than rate policy for addressing bubbles

[15:06] {Threei} - Resource slack remains substantial

[15:06] {Threei} - Fed was too optimistic about unemployment back in May

[15:06] {Threei} - liquidity and credit programs will not spur inflation

[15:08] {Threei} notes regulation may be better than rate policy for addressing bubbles

[15:08] {nemo} .30 range in Qs today oy

[15:08] {Threei} is this the first time ever Fed admitted rates maanipulation may not be the universal answer to everything?

[15:10] {strider} That's only half the answer. The other half is printing money.

[15:11] {Threei} look at AET

[15:11] {Threei} decisive moments in health care bill fate

[15:12] {strider} MET long herre?

[15:13] {Threei} nah

[15:13] {nemo} aet sitting on 200 ma

[15:14] {Threei} guess who is on TV

[15:14] {strider} Rimsky Korsakoff.

[15:14] {nemo} his coffin maybe

[15:15] {nemo} aet just dropped

[15:15] {Threei} is the guy behind his shoulder drunk or high?

[15:15] {Threei} look at the glassy eyes

[15:15] {nemo} high, they'd be bloodshot if he were drunk

[15:16] {Threei} said nemo turning mirror away

[15:16] {nemo} going to work out, no drinking

[15:16] {strider} He's dying to get at that twinkie in his coat pocket.

[15:16] {Threei} lol

[15:17] {Threei} Reportedly FTC and FDA have proposed banning advertising focused on children for foods with excess sugar

[15:17] {Threei} - foods with more that 13 grams of added sugar per normal serving ar being singled out

[15:18] {strider} That's no problem. They'll just reduce the claimed 'serving size'.

[15:18] {strider} Already, 3 potato chips constitues a 'serving.'

[15:19] {strider} constitutes.

[15:19] {strider} I usually eat between 60 and 80 servings of chips.

[15:23] {strider} jeez

[15:23] {dino} i could go for some chips

[15:23] {strider} and magoo get get the beer.

[15:23] {dino} yes

[15:24] {strider} we'll all be right over.

[15:25] {strider} lookking for a bottom, vad?

[15:28] {Threei} not sure yet

[15:29] {dino} gef stopped -.31

[15:30] {nemo} fcx pivot is .22

[15:30] {nemo} if market right and we get some consolidation here, could be good short

[15:31] {nemo} damn

[15:31] {nemo} probably going to .80

[15:32] {Threei} it bounced right back

[15:32] {Threei} if you want it it's available

[15:33] {nemo} looks like it wants that pivot

[15:43] {dino} apparently i do not understand fds

[15:44] {Threei} I don't understand FDR either

[15:44] {nemo} he's dead

[15:44] {Threei} maybe that's why...

[15:44] {Threei} MET sudden death

[15:48] {Threei} Eric Cantor on TV

[15:48] {Threei} first time in ages I hear exact cause for the crisis pineed down

[15:48] {nemo} are you being facetious?

[15:49] {Threei} no

[15:49] {strider} {decidely not funny joke}

[15:49] {nemo} I was waiting for that

06[15:50] * strider slaps nemo around a bit with a large bag of {decidely not funny joke}.

06[15:50] * nemo slaps strider around a bit with a large balloon of {decidely not funny joke}

[15:53] {strider} I retire from the field. I can only aspire to such grossness.

[15:53] {nemo} You did a damn good job

[15:54] {strider} NO. I genuflect before your superior grossivity.

[15:54] {dino} gef sm l .40

[15:54] {strider} go gettim', dino.

[15:54] {Threei} ok, that crosses line of "needed to be edited out"

[15:55] {Threei} and janitor doesn't appreciate that

[15:55] {nemo} which one?

[15:55] {strider} Yes. I apologize for my part in that.

[15:55] {strider} The smaller part.

[15:55] {larisa} lol

[15:55] {nemo} fine...

06[15:56] * nemo slaps strider around a bit with a large balloon of HCL

[15:56] {nemo} that better Vad?

[15:56] {nemo} I wonder if cat stops at .19?

[15:57] {Threei} 4 minutes, and I am free of you...

[15:57] {Threei} so yes, it's better

[15:57] {Threei} and will be even better in 3 minutes

[15:57] {Threei} or should I says betterer

[15:58] {ilana} gooder

[15:58] {Threei} bester?

[15:58] {nemo} Guda

[15:58] {nemo} don't publish this blog

[15:58] {Threei} I will, and you be ashamed

[15:58] {nemo} I have none

[15:59] {Threei} what was I thinking...

[15:59] {nemo} obviously,,,,,,,,,you weren't

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {strider} thanks vad.

[15:59] {Threei} see you tomorrow

[15:59] {nemo} P&Q

[15:59] {larisa} bye all

[15:59] {ilana} bye

[16:00] {dino} out gef .28 -.12

[16:00] {dino} will work on that tomorrow

[16:01] {dino} ebix, kss, bby, deck, fds, gef watching tomorrow

[16:02] {ilana} lock the door behind you, dino