Oct 06 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

7 trades, 5 wins. BRCD, AIG, RIMM, WFC... just as you thought it was another day in the office - we also did nice short on GLD off double top for 40+ cents

Session Time: Tue Oct 06 00:00:00 2009

[07:19] {KSystems} morning

[08:06] {magoo} morn

[08:14] {magoo} :)

[08:14] {nemo} magus :)

[08:15] {magoo} cap'n

[08:16] {Threei} good morning

[08:19] {Threei} BLTXX Baltic Dry Bulk Index rises over 3% (5th straight gain)

[08:20] {Threei} US) T Boone Pickens: Reiterates crude to avg over $80 in 2010 - CNBC

[08:20] {Threei} - Will reach $100/barrel at some point

[08:20] {Threei} **Note: On 06/17 T. Boone Pickens mentioned that oil would average $80-85 over the coming year, natural gas to average $7 in 2010

[08:20] {Threei} this guy is seriously irritating

[08:21] {Threei} why is it that no one reminds about "120 is the bottom for oil" and "oil will never lose 100"

[08:22] {magoo} vad, morn

[08:22] {Threei} mags

[08:25] {magoo} vad, news AIG today?

[08:25] {magoo} also check rimm aapl please

[08:26] {nemo} nothing on AIG

[08:27] {Threei} 00:01 RIMM Lauches new Widget SDK for web-based apps on the BlackBerry platform

[08:27] {Threei} - The BlackBerry Widget Software Development Kit (SDK) will allow third party application developers

[08:27] {nemo} volume isn't even high for this time of the morning

[08:27] {magoo} u have a news feed cap'n?

[08:27] {nemo} slight delay

[08:27] {Threei} 07:03 AAPL In pact with bell canada to bring iphone 3GS to Canada starting in Nov

[08:28] {nemo} look at the $ mags

[08:28] {magoo} yea..saw

[08:28] {magoo} news RIMM vad?

[08:29] {nemo} he already put it up mags

[08:29] {nemo} scroll up

[08:29] {nemo} Hey...who let the northern ranger in...frickin Dunedin

[08:33] {magoo} oops..ty vad

[08:37] {nemo} wow, eve mos up a $

[08:37] {nemo} even

[08:38] {nemo} palm

[08:38] {nemo} sorry

[08:43] {magoo} STJ getting hit

[08:44] {magoo} maybe WFC today vad, get going

[08:46] {Threei} all finnies are up

[08:46] {Threei} WFC is but one of many

[08:46] {nemo} yep

[08:46] {magoo} but has tthe goldman upgrade

[08:46] {nemo} all risk stocks and resource stocks are up...defensives are probably weakest

[08:47] {magoo} 35 target

[08:47] {magoo} that gets traders looking'

[08:47] {magoo} so..are u a trader or inwestor?

[08:48] {magoo} NTRI..reported last nite

[08:48] {magoo} up big

[08:54] {fernp} good morning everybody

[08:55] {Threei} fern :)

[08:55] {cosmo} IRET

[08:55] {magoo} vad, whats news STJ

[08:56] {Threei} earnings miss

[08:56] {strider} Morning folks. Thanks for letting me join you.

[08:56] {Threei} hi strider, welcome

[08:57] {Threei} we are so amazed when someone actually wants to join us, we let them in with no single word

[08:57] {nemo} run away run away...it's a trap...once in...there's no escape

[08:57] {cosmo} once you're in, you're in for good?

[08:58] {nemo} did he take his omerta oath yet?

[08:58] {Threei} well... you can check out...

[08:58] {nemo} Hotel California

[08:58] {Threei} :)

[08:58] {lasertrev} gm all

[08:58] {Threei} trev :)

[08:58] {nemo} Speaking of movies...anybody ever see the 9th Configuration?

[08:59] {Threei} stopped at 5th Element

[08:59] {strider} Thanks, guys. (I guess).

[08:59] {Threei} there is a limit to how much high one count to

[08:59] {cosmo} we just take things in stride...

Session Start: Tue Oct 06 09:04:08 2009

Session Ident: #discussions

03[09:04] * Now talking in #discussions

02[09:04] * Disconnected

02[09:04] * Attempting to rejoin channel #discussions

03[09:04] * Rejoined channel #discussions

[09:04] {nemo} dude

[09:04] {ese} dude

[09:04] {Threei} back... sudden computer reboot

[09:04] {Threei} don't like that at all

[09:04] {nemo} hadn't missed you

[09:05] {magoo} dude

[09:09] {ese} avct being aquired i see....up 4.and chqange

[09:10] {ese} beeeeggga volume

[09:13] {nemo} gold up over 1030

[09:14] {larisa} gm :)

[09:14] {nemo} hi lari :)

[09:14] {larisa} nemo, vad {when he wakes up} :)

[09:15] {Threei} larisa :)

[09:18] {dino} gm all

[09:18] {dino} stj interesting

[09:18] {Threei} dino :)

[09:18] {nemo} RIMM coughing up the furball

[09:21] {ese} coughing up the furball?......nows theres one i haven't heard

[09:22] {ese} axeplane pleese...

[09:22] {nemo} defecating on the sleeping apparatus

[09:23] {ese} huh?

[09:23] {nemo} keeling over. Not working.

[09:23] {ese} ahhhhhhhhhh

[09:23] {ese} why didn't you say so

[09:24] {nemo} I was refraning from profanity

[09:24] {nemo} dcc dude

[09:24] {nemo} janitor doesn't like swearing

[09:27] {magoo} vad, STJ watch for bounce

[09:28] {magoo} seems overdone

[09:28] {magoo} NTRI hit 19 last nite

[09:29] {dptl} good morning all

[09:29] {nemo} dp

[09:31] {Threei} dp :)

[09:33] {Threei} Long Setup: BRCD 9.30

[09:33] {Threei} stop under .20 for scalpers, under .15 for day traders

[09:33] {fernp} stop ?

[09:33] {Threei} Long Setup: WFC .50 break

[09:33] {Threei} if stays above .40

[09:35] {ese} zion

[09:38] {Threei} WFC 1:1, half out (scalpers take profit)

[09:38] {fernp} ty vad

[09:39] {Threei} BRCD 1:1 for scalpers

[09:39] {magoo} out bro ty

[09:39] {fernp} out BRCD ty again

[09:43] {Threei} RIMM{ what a pathetic performance

[09:43] {Threei} I want to short the bejeezus out of it

[09:43] {ese} l zion .37

[09:44] {Threei} Short Setup: RIMM half lot 65 break

[09:44] {Threei} if stays under .20

[09:44] {Threei} not a scalp

[09:45] {dino} feels like 60 strike ion couple days

[09:45] {dino} in

[09:45] {Threei} invalidated for now

[09:47] {dino} amn

[09:47] {dino} stj has that stec feel

[09:48] {magoo} out WFC .69 TY vad

[09:48] {Threei} yeah, feels like steady bounce

[09:48] {Threei} 1:2 WFC

[09:48] {Threei} good patience mags

[09:49] {magoo} ty

[09:49] {magoo} working on that

[09:49] {Threei} ummm

[09:50] {Threei} Short Setup: GLD .50 break

[09:50] {Threei} if stays under .60

[09:51] {Threei} invalidated

[09:52] {Threei} STJ continues

[09:52] {Threei} you in dino?

[09:52] {ese} l zion avg .21

[09:53] {nemo} aig gone vertical

[09:53] {magoo} AIG nuts

[09:53] {magoo} too fast to call

[09:53] {Threei} JNPR WSJ DealJournal: JNPR could be another potential bidder for BRCD

[09:53] {Threei} - reminder: in reports yesterday, ORCL and HPQ were mentioned as potential buyers of BRCD. (26.93, +0.55, 2.08%) (related BRCD )

[09:53] {nemo} break of .82 was it

[09:56] {Threei} HIG is not partcipating

[09:56] {Threei} ugh

[09:57] {Threei} OK, let's ee if we can get short on bounce

[09:57] {Threei} closer to .80

[09:57] {dino} lphi sm l .64

[09:58] {Threei} if no bounce and mrket drops,

[09:58] {Threei} Short Setup: HIG .70

[09:58] {Threei} with stop above .80

[09:58] {Threei} OK, this I like more

[09:59] {Threei} Short Setup: HIG .80 break

[09:59] {Threei} if stays under .90

[10:00] {magoo} RIMM short vad?

[10:01] {Threei} no setup, and market is still strong

[10:02] {magoo} reading AIG?

[10:02] {dino} hard getting out of amn

[10:02] {Threei} no AIG

[10:03] {dino} hod's

[10:03] {ese} how so dino.....no volume

[10:04] {ese} 50pt spread...wow

[10:05] {Threei} HIG is not easy guys

[10:05] {Threei} if uncomfortable, scratch it

[10:05] {Threei} looks good to me, but easy to et shaken out

[10:05] {Threei} a lot odf sapikes

[10:05] {nemo} lvs vad?

[10:06] {dino} in 71.00

[10:06] {Threei} no read LVS

[10:06] {Threei} how about that RIMM?

[10:09] {dino} out amn .01, +1.01

[10:09] {ese} up a buck now dino...still having trouble getting out

[10:09] {ese} ahhhh

[10:09] {ese} nice

[10:10] {ese} .....how many shares did you have

[10:10] {dino} 300\

[10:10] {dino} too risky any bigger

[10:10] {ese} god start to the day

[10:10] {ese} good

[10:10] {Threei} it's risky even to papertrade that one, lol

[10:10] {nemo} ohoh

[10:10] {dino} lol

[10:10] {ese} lol

[10:11] {Threei} ok market... time to let up a bit

[10:11] {Threei} gotta lure in new shorts

[10:11] {nemo} why, they got you

[10:12] {Threei} HIG no go

[10:13] {Threei} I am no good for market

[10:13] {Threei} my stops are too tight

[10:13] {Threei} and I am too disciplined

[10:13] {Threei} market needs suckers to devour

[10:14] {magoo} get on the long bus vad

[10:14] {nemo} $ still weak and gold through roof

[10:14] {ese} thats why we love ya cheif

[10:14] {ese} chief

[10:14] {Threei} gladly mags... jst don't see clear candidate

[10:14] {Threei} thank you ese... not used to hear that from males

[10:15] {Threei} neither females actually, lol

[10:15] {nemo} that's what you get for getting married

[10:16] {dino} wow amn dropped

[10:18] {fernp} AIG double top, Vad?

[10:19] {Threei} yes, and I had 45 break in mind as short trigger...

[10:19] {Threei} but honestly,I am not confident

[10:19] {fernp} tks

[10:19] {Threei} and I don't wat to turn into stubborn donkey that keeps shorting market that keeps goinj up

[10:19] {magoo} like u thinking short..just not here

[10:20] {magoo} AIG doesnt care about double tops

[10:20] {magoo} pure MOJO

[10:20] {magoo} hard breather

[10:20] {magoo} and power

[10:21] {ese} dropped....dino....terror dive for anyone in that thing. can't get out

[10:25] {Threei} low risk entry:

[10:25] {Threei} Short Setup: RIMM .35 half lot

[10:26] {Threei} if stays under .50

[10:27] {dino} indeed es

[10:27] {Threei} Short Setup: AIG .50 break

[10:27] {nemo} wrong time to get coffee

[10:27] {Threei} if stays under .65

[10:27] {Threei} half lot of course

[10:27] {dino} strange rally, lots of the tech i track not up much

[10:28] {Threei} AIG 1:1

[10:28] {dino} vol. a bit light again too

[10:29] {nemo} no institutional involvement yesterday Dino. Very few block trades

[10:29] {Threei} RIMM 1:1

[10:30] {ese} short rimm 200shs .24

[10:30] {Threei} wow

[10:30] {Threei} .35 was trigger

[10:30] {nemo} 200?...ese, you sick

[10:30] {Threei} why chasing so much ese?

[10:30] {Threei} RIMM 1:2

[10:31] {dino} gj

[10:31] {Threei} that was unexpectedly easy

[10:31] {ese} covered at .10 +.14......thats .$28.00 bucks man ....cut me some slackk

[10:31] {Threei} lol

[10:31] {magoo} eaasy button vad?

[10:32] {ese} hey i'm learning eh!

[10:32] {Threei} I don't care about amount of shares, you are prone to trade huge shares usually, so trying short on small lot is fine... but your entry is of concern

[10:32] {ese} slight error in judgement

[10:32] {Threei} [10:25] {Threei} Short Setup: RIMM .35 half lot

[10:32] {ese} definately

[10:32] {ese} where shold it have been?

[10:33] {Threei} how does that translate in entry 11 cents lower, while our initial stop was just 15 cents?

[10:33] {ese} i didn't see a setup at .35

[10:33] {Threei} didn't see setup or didn't see my call?

[10:33] {ese} didn't see your call

[10:34] {Threei} suuuure... no one pays attention to me.... sniff sniff

[10:34] {Threei} AIG 1:2

[10:34] {nemo} made the mistake of going for coffee

[10:34] {strider} =.25 on RIMM. ty

[10:34] {strider} +.25

[10:34] {Threei} strider :)

[10:34] {strider} we be tradin'

[10:35] {ese} gotta question my 1min charts....i don't see a setup at .35.........or is it the spot just before the last runnup to.50

[10:36] {nemo} rimm bouncing at 200 ma

[10:36] {magoo} there is a plot ..subversive vad..in room to have gooby's calls in blue

[10:36] {ese} ahhhhhh i think i get it now

[10:37] {Threei} who is plotting ags?

[10:37] {ese} i was waiting for that break of .20 at 10:28am

[10:37] {Threei} mags

[10:37] {magoo} yes..thats correct lol

[10:38] {ese} i think that 28 bucks is the most money i've ever made in rimm.......

[10:38] {Threei} try to get my bacon, and mutineers will hang on the mast... try to overtake the room, and I will be in my Tibet cave faster than you figure out how to make your font blue {G}

[10:39] {magoo} with my computer skills, that gives u ALOT of time

[10:39] {magoo} hey vad, u using HOT keys now}?

[10:39] {Threei} good... Tibet is not very close, ya know

[10:39] {Threei} mostly if I want to use GETCO

[10:40] {magoo} im thinking of going that way

[10:40] {Threei} or on very thick stock, I have market buy and sell programmed

[10:40] {ese} l zion avg price .00

[10:41] {magoo} 17?

[10:41] {ese} 18

[10:41] {Threei} I have Shift+G - buy GETCO, Ctrl+g - sell GETCO, Shift+B = NASDAQ market buy and Ctrl+S - NASDAQ market sell

[10:41] {Threei} quite convinient

[10:42] {ese} trying a strategy that i tried with brcd yesterday mags....setting a day trade for aion to take a runn at the highs latter on

[10:43] {ese} zion

[10:44] {ese} sm shs 300....each buy in

[10:45] {ese} except yesterday i over did it.....3k each buy in......on reflection not a good idea

[10:46] {ese} rimm .50 break ?

[10:47] {Threei} yes

[10:47] {ese} tks

[10:47] {Threei} shapes up as a good setup if formsclose enough consolidation

[10:48] {ese} or would this be better as pullback entry

[10:49] {ese} .30 to .35 area

[10:49] {ese} too late

[10:49] {Threei} market retreats a bit

[10:49] {Threei} RIMM is very sensitive to the market here

[10:50] {ese} yes

[10:52] {Threei} someone stop gold

[10:52] {ese} rimm invalidated for me

[10:52] {Threei} yes

[10:54] {ese} which gold stock are you looking at

[10:54] {Threei} GLD

[10:54] {ese} tks

[10:54] {Threei} sheesh HIG

[10:55] {nemo} my quote servers keep messing up

[10:55] {ese} i'll say

[10:57] {ese} hig that is

[10:58] {Threei} quotes fine here

[10:59] {ese} this aone thing is nuts also.....now up 14% on the day

[11:00] {Threei} I want to find GLD top

[11:02] {Threei} could take a few tries

[11:02] {Threei} lave it alone if not ready

[11:02] {Threei} but if you are

[11:03] {Threei} Short Setup: GLD .25

[11:03] {Threei} stop .45

[11:03] {Threei} that retest of the high could easily turn out double top, that's qwhy I say could take a few tries

[11:04] {ese} it just occured to me.....i got heck from my teacher this morning.....with the rimm trade......man i haven't gotten heck from a teacher since 1972......sheesh it never ends

[11:04] {Threei} lol

[11:04] {Threei} and I don't even have a teacher :(

[11:04] {ese} your lucky

[11:04] {Threei} but I want to learn

[11:05] {ese} your doing just fine by yourself

[11:05] {dino} stj sm l .00

[11:06] {Threei} market spike

[11:07] {Threei} good chance for GLD NOT to make new high, put in lower one and start crashing

[11:07] {Threei} break of .20 would signal downtrend from here

[11:07] {Threei} and if that happens won't be a scalp for me

[11:08] {Threei} hah

[11:08] {Threei} look at this:

[11:08] {Threei} - US equity indices opened higher for a second consecutive morning today and gained steadily in early trading. Dollar weakness is feeding into the picture, as the greenback continues to absorb fallout from the UK Independent's sensational (and now mostly discredited) claims about major industrial and crude producing nations dumping the dollar for oil trading.

[11:09] {Threei} now mostly discredited is opereative part

[11:09] {ese} l stj .00

[11:09] {dino} been talking about that for years

[11:10] {Threei} - The greenback limped into the New York session, still suffering damage from the UK Independent's big front-page article on the demise of the dollar despite subsequent denials by numerous officials. Dealers noted the whole drama showed the continuing vulnerability of the dollar and its inability to sustain strength in this environment unless there was a fresh bout of risk aversion.

[11:10] {dino} use your looney

[11:11] {Threei} don't do it GLD

[11:12] {nemo} aig top?

[11:13] {Threei} not sure

[11:13] {nemo} yeah...this day, feels to "exuberant"

[11:13] {Threei} ok GLD, you have golden opportunity here

[11:13] {Threei} pun intended, and admittedly bad

[11:13] {Threei} so far so good

[11:14] {Threei} lower high

[11:14] {larisa} but do not offend monkey next time :) you are more stubborn

[11:14] {nemo} gag

[11:14] {ese} out stj avg .16

[11:14] {Threei} clean double top

[11:14] {ese} tks dino

[11:14] {Threei} lower volume on second top

[11:14] {Threei} just need confirmation now by making lower low

[11:14] {Threei} why monkey Larisa... I thought it was donkey!

[11:15] {larisa} donkey is fine :)

[11:15] {Threei} :)

[11:15] {nemo} how about horses ...

[11:15] {nemo} 's

[11:15] {dino} np essssssssss

[11:16] {ese} went semi big 4k

[11:16] {Threei} good boy GLD

[11:16] {ese} nice days work

[11:16] {dino} gj

[11:16] {ese} tks....your still goin

[11:16] {Threei} die you useless yellow shiny metal

[11:16] {ese} nice call

[11:17] {dino} stop to .10 stj

[11:17] {Threei} Total gold sales as of Sep 2009 1,883Tons v 2,500 Tons permitted under 5-year world bank agreement - World Gold Council

[11:17] {nemo} rimm broke support

[11:17] {nemo} eh...aig

[11:17] {dino} if doesn't take .25 in min., will get out

[11:18] {Threei} MTXX Ticks higher on renewed speulation the Co. could reach agreement with FDA regarding zicam (5.95, +0.38, 6.82%)

[11:18] {ese} good plan

[11:19] {dino} i need that smell killer w/magoo here

[11:19] {dino} out stj

[11:19] {Threei} rumor city resumed functioning after 2 weeks vacation

[11:19] {nemo} get an environmental suit

[11:22] {dino} mnkd lod

[11:22] {dino} arp hmmmm

[11:22] {dino} deck neg.

[11:23] {Threei} 1:1 GLD

[11:25] {dino} rl pretty good drop

[11:29] {dino} amn ugh

[11:30] {ese} be back in 20...

[11:32] {Threei} okay guys, GLD comment:

[11:32] {Threei} now that we are solidly at 1:1,

[11:33] {Threei} I have stop trailed to above breakeven, half covered,

[11:33] {Threei} and I want 101.70 - .80 area for eventual cover

[11:33] {Threei} scalpers be happy with what you have

[11:34] {Threei} we got 6 plays so far, won 5, got stopped on one

[11:34] {Threei} right?

[11:34] {Threei} so I have a traditional question

[11:34] {Threei} can I go home?

[11:34] {nemo} sure...now that you're there, whadya' gonna' do?

[11:35] {Threei} I didn't think that far

[11:36] {dino} don't let the door hit you in the butt on your way out

[11:36] {Threei} there is a door?

[11:36] {strider} Is it the gap up on daily that makes you short GLD against the market trend? The double top?

[11:36] {strider} I'm +.10 on GLD by the way. thx.

[11:37] {Threei} double top is my favorite reversal formation,

[11:37] {Threei} and gold moving to new all time highs on USD weakness... how often do we see sutainable moves in gold?

[11:38] {Threei} I am willing to try and bet against it, as USD tests annual low,

[11:38] {dino} gj strider

[11:38] {Threei} rumors on get denied

[11:38] {strider} gj?

[11:38] {Threei} rumors on USD being dropped

[11:39] {dino} good job

[11:39] {larisa} in italian

[11:39] {dino} lol

[11:40] {strider} Ah. I see. :D

[11:44] {dino} lphi to b/e

[11:45] {Threei} lose that 102 now GLD

[11:45] {Threei} and we be friends

[11:45] {Threei} and don't go over .10 anymore

[11:45] {Threei} here there be monsters

[11:46] {Threei} you can tell I am not a goldbug, can't you

[11:46] {nemo} and wee beasties

[11:49] {Threei} while we are waiting for the resolution on GLD and some other play to come along,

[11:50] {Threei} anyone went to watch this new Moorish movie?

[11:50] {Threei} good boy GLD

[11:50] {nemo} no

[11:50] {dino} nope, no desire to

[11:51] {Threei} neither here... he is a bit too puke-inducing for me

[11:52] {Threei} stop to above .20 on GLD

[11:52] {Threei} bidding 1/4 more .85

[11:55] {ese} i'm back....(say that with a scary tinge to the voice)

[11:56] {Threei} add that austrian-kaliforrrrnian accent

[11:56] {Threei} change it to "I'll be back"

[11:56] {nemo} right

[11:56] {Threei} and cosmo will feel right at home

[11:58] {ese} hmmmmm ok ,,,,,next time

[12:02] {dino} out lphi flat

[12:04] {Threei} http://www.youtube.com/watch?v=MTx9WMsxLLM - go to 24 seconds in the clip

[12:05] {magoo} AIG coiling imo..very risky

[12:05] {Threei} or just here

[12:05] {Threei} http://politicalhumor.about.com/library/multimedia/arnold_illbeback.wav

[12:07] {nemo} aig dt pattern Vad?

[12:07] {Threei} no

[12:07] {nemo} just blew through

[12:07] {Threei} there was one 10:56 and 11:07

[12:07] {nemo} how about hig bottom?

[12:08] {Threei} .38 would be a long trigger on HIG but

[12:08] {Threei} I'll skip it personally

[12:08] {nemo} o.k. I'll bite...

[12:08] {Threei} doesn't feel right

[12:08] {nemo} why?

[12:09] {nemo} can't put your fist on it?

[12:09] {Threei} I can't see today's rally as anything but pure USD weakness phenomenon

[12:09] {Threei} and this reason is bound to play out rather quickly

[12:09] {dino} i see it as paniked shorts

[12:10] {Threei} it was all warm and fuzzy to get morning longs

[12:10] {dino} w/blow off top coming imo

[12:10] {magoo} i see it as dip buyers chasing in

[12:10] {Threei} yes dino, and look at volume

[12:10] {Threei} not only it's a blow-off top,

[12:10] {Threei} it's a blow-off top on very qyestionable volume

[12:11] {dino} right, yesterday too

[12:11] {nemo} volume looks solid today

[12:11] {dino} so i tell you what i yell to magoo at 3:50 every day..."clean 'em up"

[12:11] {Threei} on what??

[12:11] {Threei} volume is ridiculous

[12:11] {Threei} except gold

[12:12] {Threei} oh come on dino... surely you just mean those beer bottles magoo tends to leave all over the floor

[12:12] {dino} canadian $ new high for year

[12:12] {dino} lol

[12:12] {Threei} ugh... this I hate to see

[12:13] {dino} thats at 5:30

[12:14] {dino} see, even you like a weaker currency

[12:14] {Threei} of course I do.. I make money in USD and convert it to CAD

[12:15] {Threei} my happiest conversions were with loonie at .60

[12:15] {Threei} not so much near parity

[12:16] {dino} indeed

[12:16] {dino} vq spike

[12:17] {Threei} Market Internals update at 12:00pmET

[12:17] {Threei} - NYSE volume 459M shares; advancers lead decliners by 9.9:1.

[12:17] {Threei} - NASDAQ volume 1.06B shares; advancers lead decliners by 3.75:1.

[12:17] {Threei} - VIX index -5.25% to just below 25.50

[12:23] {Threei} market froze solid

[12:23] {dino} kbr open gap fill

[12:24] {Threei} guess what question I am going to ask

[12:24] {magoo} whos on tv?

[12:24] {fernp} Where is Obama?

[12:24] {Threei} bingo

[12:24] {Threei} magoo gets the prize

[12:24] {magoo} is letteman good in bed?

[12:24] {nemo} ewwwww

[12:25] {Threei} ummm... mags, you stay as far from me as possible when you come to bahamas, okay?? :)

[12:25] {Threei} not that there is anything wrong with it...

[12:26] {dino} lol

[12:27] {Threei} by the book, stop on GLD can be trailed to above .15

[12:28] {Threei} in practice, 5 cents is not overly important here

[12:28] {Threei} so, kind of personal choice

[12:28] {Threei} keep it above .20 to leave it some breathing room

[12:28] {Threei} or trail and keep it strangled

[12:29] {magoo} AIG

[12:30] {magoo} callee coil @ .77

[12:30] {magoo} if thuiis was in blue.......

[12:30] {Threei} no fresh news... don't know what drives it now

[12:32] {Threei} Preview: Treasury's $39B 3-year note auction results due out just after 1PM ET

[12:32] {Threei} - $1B increase brings offering to another new all time high for this maturity

[12:32] {Threei} - prior bid-to-cover ratio 3.02 with an average of 2.57 over the last 10 auctions.

[12:32] {Threei} - indirect bidders took 54.2% of competitive bids at last auction with 54.6% alotted at the high.

[12:33] {dptl} Vad, you have new laser version?

[12:33] {Threei} yes sir

[12:33] {Threei} it's all new and shining

[12:34] {Threei} and I am proud to have the newest one... considering that usually I lag by months, lol

[12:34] {dptl} so that nasdaq route in level 2 window is old isld right?

[12:34] {Threei} yes

[12:34] {strider} GLD is looking good, Vad/

[12:34] {Threei} ISLD/INET

[12:34] {Threei} after they merged

[12:35] {Threei} looks right to me strider

[12:35] {dptl} ok thx ye just updated mine

[12:35] {Threei} but the way I see it:

[12:35] {Threei} at this point, after yeileding nice profit and hanging arounbd, deciding which way to resolve

[12:35] {Threei} stock is no longer a subject of thinking and making some decisions.

[12:36] {Threei} It's simple trade management done by the routine

[12:36] {Threei} partial out, trail

[12:36] {Threei} wait for the next partial

[12:36] {Threei} and let the nature take its course

[12:36] {Threei} we get into all kinds of troubles when we try to outsmart the nature

[12:38] {strider} DLTR

[12:38] {ese} l some more zion avg .00

[12:44] {strider} whatcha think of ALTH, Vad?

[12:45] {Threei} chart is right for the break but it's very slow and market-dependent...

[12:45] {Threei} I'd skip it

[12:45] {strider} True. Only 35 cenets average range. thx.

[12:46] {magoo} i did cover aig .35

[12:46] {magoo} exit that is

[12:49] {magoo} glad im scalpin

[12:50] {Threei} AIG is close to bounce point

[12:50] {Threei} one more leg down would be nice

[12:51] {magoo} fites look ugly

[12:52] {Threei} {fites} we want second opinion

[12:52] {dino} alth was on cnbc this morning fwiw

[12:53] {Threei} Pelosi Gives Dalai-lama Human Rights Award

[12:54] {Threei} I start dislikming dalai-lama suddenly

[12:57] {larisa} then no cave for you in Tibet

[12:57] {Threei} oops

[12:58] {Threei} okay... where do they keep caves for Taoist students?

[12:59] {Threei} Buddhism never was my thing anyway

[12:59] {Threei} it forbids hurting living things

[12:59] {dino} mstr

[13:00] {dino} 2 bucks straight up

[13:01] {Threei} great... just when I decided AIG was worth a short on .50 break

[13:01] {Threei} *TREASURY'S $39B 3-YEAR NOTES DRAW 1.445%, BID-TO-COVER RATIO 2.76 V 3.02 PRIOR AND 2.57 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} *TREASURY'S $39B 3-YEAR NOTES DRAW 1.445%, BID-TO-COVER RATIO 2.76 V 3.02 PRIOR AND 2.57 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 49.1% of competitive bids

[13:02] {Threei} - 61.96% allotted at high

[13:02] {Threei} - Median 1.387...more... (related TLT SHY )

[13:06] {ese} have to make like cow pies and hit the trail all.....cya tomorrow

[13:07] {dino} mstr sm s .40 wide

[13:07] {Threei} 1/4 more covered GLD

[13:10] {Threei} stop fot the last portion to above .10

[13:10] {Threei} aiming to vover sopmewhere in .50 - .60 area

[13:10] {Threei} cover

[13:11] {strider} EXPD is interesting

[13:12] {Threei} yesssss

[13:12] {Threei} finally

[13:12] {Threei} Based on the outcome of the meetting we held yesterday with The President of

[13:12] {Threei} federal republic of Nig,we came to a conclusion that we have to pay you

[13:12] {Threei} the sum

[13:12] {Threei} of $5.4m to this recomfirm your name/phone/occupation/address

[13:12] {Threei} Regards,Rev.

[13:12] {Threei} Patrick Eze

[13:12] {Threei} long live The President of federal republic of Nig

[13:14] {Threei} oh, stop with congratulations, you drown me in your good wishes

[13:16] {dino} lucky dog

[13:18] {fernp} WFC db , Vad?

[13:19] {nemo} yep

[13:19] {Threei} formally, yes...

[13:19] {Threei} problem is:

[13:20] {Threei} .73 is DB confirmation, right?

[13:20] {Threei} and .60 support

[13:20] {Threei} so 1:1 would be around .85 - .90,

[13:20] {Threei} which is within easy reach of day high

[13:20] {Threei} looking at market chart,

[13:20] {Threei} do you see it likely to retest day high any time soon?

[13:21] {fernp} NO. I played .66 - .71 w/stop uder .60 (micro sclap)

[13:21] {Threei} :)

[13:24] {Threei} little quick scalp off obvious support with stop right under it is the only way I'd play WFC

[13:24] {Threei} jjst as you did

[13:25] {dino} cov mstr .00, +.40

[13:25] {dino} easy button

[13:26] {Threei} wtg

[13:27] {dino} tanks

[13:27] {nemo} m1

[13:27] {dino} lol

[13:30] {nemo} $ going down again

[13:31] {dino} what do you follow $; uup?

[13:31] {nemo} yeah

[13:31] {dino} ty

[13:32] {nemo} np

[13:44] {dptl} got to go...have a good rest of the day all see ya tomorrow.

[13:44] {Threei} take care dp

[13:46] {magoo} vad.......................

[13:46] {magoo} we in anything?

[13:46] {nemo} knew that was coming

[13:47] {nemo} coma?

[13:47] {Threei} sigh

[13:47] {Threei} I for one am in deep thinking about destiny of the humankind

[13:47] {nemo} extinction

[13:48] {Threei} great... thanks for ruining it for me

[13:48] {Threei} I didn't expect to find an answer

[13:48] {Threei} it'

[13:48] {nemo} I got the inside scoop....

[13:48] {nemo} don't tell anybody...

[13:48] {nemo} here it is....

[13:48] {Threei} it's a process of quest that had me excited

[13:48] {nemo} Pssssstttt....

[13:48] {nemo} 12/21/2012

[13:48] {Threei} that's soon enough to start spending money

[13:51] {dino} amn sm s .06

[13:54] {Threei} new low GLD... come on down

[13:56] {dino} cov amn mkt jumped

[14:02] {dino} amn try s again, sm wide break of .00 trig

[14:04] {dino} mkt looking at opening gaps

[14:07] {magoo} this is pretty brutal pllbk

[14:08] {Threei} WFC is beyond brutal

[14:08] {Threei} my instict to short everything in sight was right

[14:08] {nemo} look at aig and fcx

[14:08] {magoo} timing was off

[14:08] {Threei} not really, GLD was just right

[14:09] {Threei} the rest kept me away mostly because of volatility, not timing

[14:13] {strider} Ah...first case of scalper's regret. exited CIEN short at 13.19.

[14:15] {Threei} from where?

[14:15] {strider} .30

[14:16] {strider} no, .32

[14:17] {nemo} why @ .19?

[14:18] {strider} There was no reason to exit there. I got restless, cause I had been holding it for about 40 minutes. My bad.

[14:19] {nemo} no support until back on the 4th of September...then again 1:2 nothing to sneeze at

[14:19] {strider} ka-choo.

[14:19] {nemo} cute

[14:22] {dino} air pocket

[14:22] {Threei} much appreciated

[14:23] {Threei} what I'd like to see from here for the next month or so is,

[14:23] {Threei} big USD jump,

[14:23] {Threei} big gold/oil dump,

[14:23] {Threei} nice heslthy market pullback

[14:23] {Threei} healthy

[14:24] {dino} screw the bears, then screw the bulls

[14:24] {Threei} it's time, isn't it

[14:24] {dino} frustration incorporated

[14:24] {Threei} bulls had it too easy lately

[14:24] {Threei} and bears all but gave up

[14:24] {dino} pretty much

[14:25] {Threei} so from our stinkin' scalpers point of view... it's time to kill the other side

[14:26] {Threei} since we are side-neutral

[14:26] {nemo} indifferent

[14:27] {Threei} and don't give a flysing sneeze about bear or bull

[14:29] {dino} agnostic

[14:29] {nemo} Reminds me of a joke...

[14:29] {magoo} timing was off

[14:29] {nemo} I think I told this one...

[14:29] {nemo} What does a dislexic agnostic do? (should be easy)

[14:30] {magoo} quotes were stuk

[14:30] {dino} ?

[14:30] {nemo} Spends his time wondering if there is a Dog

[14:30] {dino} lol

[14:30] {nemo} clean one

[14:31] {larisa} actually it is an insomniac dyslexic agnostic :)

[14:31] {nemo} well that's one that lies awake at night...works for me

[14:32] {Threei} I object against using three longer than 2 syllable words in a row

[14:32] {Threei} insomniac

[14:32] {Threei} dyslexic

[14:32] {nemo} Hey...you used 4 multi-syllable words in one sentence earlier this week

[14:32] {Threei} agnosti

[14:34] {Threei} CNN won't shut up about credit card companies hiking rates - ahead of new rules

[14:34] {Threei} so let me get this straight - lawmakers decided to protect little guy

[14:35] {Threei} which led to rate hikes?

[14:35] {Threei} nice

[14:35] {nemo} yeah...lawmakers always ....the pooch

[14:35] {Threei} thank you idiots

[14:35] {Threei} what's next they intend to fix?

[14:35] {Threei} oh yes, health care

[14:35] {nemo} healthcare

[14:35] {Threei} and climate

[14:35] {nemo} finance

[14:35] {Threei} and finance

[14:36] {Threei} I am so looking forward

[14:36] {nemo} guns will come along soon

[14:36] {strider} They're not idiots. They know how to appease the hoi polloi and yet give the big corps what they want.

[14:36] {strider} Pass the law, effective sometime LATER}

[14:37] {nemo} Funny situation...how many people will say "screw it" and not pay their credit cards.

[14:37] {nemo} There are no loans being made, what do you need a credit score for

[14:37] {dino} scariest statement in usa, ron reagan said is "i'm here from gov't and i'm here to help"

[14:38] {nemo} Especially if you've lost your job and there's nothing on the horizon

[14:38] {Threei} the following dynamic image expresses my take on them quite clearly: http://realitytrader.com/vad/giveadamnprogress2mz.jpg

[14:39] {nemo} hehehehehehehe

[14:39] {nemo} that's too funny

[14:39] {strider} I do't get it, big Dan.

[14:40] {strider} Whoomp!

[14:40] {strider} don't

[14:40] {nemo} Big Dan?

[14:40] {strider} Oh, brother, where art thou

[14:40] {nemo} oh

[14:41] {Threei} time to tighten GLD stop

[14:41] {nemo} modern version of Ulysses

[14:41] {Threei} to above .80

[14:41] {nemo} love the KKK scene

[14:43] {strider} "Do not seek the treasure!"---Pete

[14:45] {dino} deck sm l .24

[14:50] {strider} read on SINA?

[14:53] {Threei} SINA is long on pullback,

[14:53] {Threei} not sure where yet

[14:54] {Threei} it's a thin one, careful

[14:55] {Threei} http://contrarianedge.com/2009/10/06/in-defense-of-capitalism-a-true-love-story/

[14:56] {Threei} when you have tiime

[14:56] {nemo} algorithm trading...aig..fcx...and rimmm have basically the same charts

[14:56] {nemo} ?

[14:56] {dino} stj sm l .75

[14:56] {Threei} what does algorithm trading have to do with that??

[14:57] {nemo} hal 9000 then...

[14:57] {Threei} they are market followers

[14:57] {strider} algore has no rithim

[14:57] {Threei} you can see a lot of similar charts on any givcen day

[14:57] {nemo} guess I don't get the Captain Obvious award

[14:57] {Threei} long before computers were even invented

[14:57] {Threei} no

[14:57] {Threei} not today

[15:04] {Threei} SINA nears support

[15:04] {Threei} should bounce off .50

[15:09] {dino} out deck .79, +.55

[15:10] {nemo} cb dino

[15:10] {Threei} done with GLD

[15:10] {dino} stj to flat

[15:10] {Threei} +.43 on the last part

[15:11] {dino} ty

[15:11] {lasertrev} there is only room for one laser

[15:11] {dino} in the end there can be only one

[15:11] {Threei} lol

06[15:11] * nemo slaps lasertrev around a bit with a large coelecanth

[15:12] {Threei} dave forgot his password?

[15:12] {lasertrev} lol

[15:13] {lasertrev} dont know

[15:13] {dino} stj out flat

[15:15] {magoo} szerver vad?

[15:16] {magoo} SERVER VAD

[15:16] {Threei} 11

[15:16] {magoo} ty

[15:16] {Threei} and don't yell at me... I am scared easily

[15:17] {magoo} im trying everyone while waiting

[15:17] {Threei} usually the very fact of switching fixes stuck quotes

[15:18] {Threei} no matter which server

[15:19] {Threei} .short rimm .95 break

[15:19] {Threei} Short Setup: RIMM .95 break

[15:19] {Threei} if stays below 66.10

[15:25] {Threei} hmmm

[15:25] {Threei} inbvalidated but forming double top

[15:25] {Threei} let's modify it

[15:25] {Threei} short right here with stop above .20

[15:29] {Threei} no worky

[15:40] {dino} stj

[15:40] {Threei} what a dump

[15:43] {magoo} .

[15:43] {nemo} !

[15:45] {dino} .

[15:45] {magoo} .

[15:45] {nemo} %@&%^*

[15:50] {dino} we are having quote issues

[15:50] {Threei} need quotes on somethig?

[15:50] {dino} have them now but keep cutting out, altho your room stays on as well as other sites

[15:50] {magoo} yes AIG

[15:51] {Threei} 44.75

[15:51] {Threei} .79

[15:52] {Threei} still there mags

[15:52] {Threei} .82

[15:52] {Threei} tell me when you are out

[15:52] {magoo} got quotes

[15:52] {Threei} okay

[15:52] {magoo} judt now TY

[15:52] {Threei} dino?

[15:54] {dino} yes, done, thx

[15:55] {Threei} okay

[15:55] {Threei} nice bounce AIG

[15:55] {Threei} get out magoo

[15:56] {Threei} (I assume you bought for a bounce)

[15:56] {dino} i quit when blackouts started

[16:00] {magoo} thanx vad

[16:01] {Threei} ok guys

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening

[16:02] {Threei} see you tomorrow

[16:02] {nemo} P&Q nice day vad

[16:02] {lasertrev} gn

[16:02] {fernp} great lesson GLD trade. I liked it. Thanks Vad

[16:02] {Threei} :)

[16:02] {fernp} good evening everybody

Oct 05 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

That was great start for the week: 7 calls, 6 wins. All usual suspects: WFC, RIMM (for the nice +40 something cents), AIG short for 30+, HIG long, MOS short, BAC long... nice variety and percentage.

Session Time: Mon Oct 05 00:00:00 2009

[08:37] {cosmo} BRCD going to the highest bidder..

[08:45] {Threei} Brocade Communications Systems Inc. Puts itself up for sale, with HP and Oracle seen as potential suitors - WSJ

[08:45] {Threei} - Spokesman has denied to comment on press speculation.

[08:45] {Threei} - Feature also notes that no deal is imminent.

[08:45] {Threei} - Brocade has a market cap of about $3.2B.

[08:46] {magoo} morn

[08:46] {Threei} mags

[08:46] {magoo} vad:0

[08:47] {magoo} whats on the watch?

[08:48] {Threei} BRCD...

[08:48] {magoo} news?

[08:48] {Threei} HIG

[08:48] {Threei} [08:45] {Alert} Threei Brocade Communications Systems Inc. Puts itself up for sale, with HP and Oracle seen as potential suitors - WSJ

[08:48] {Threei} [08:45] {Alert} Threei - Spokesman has denied to comment on press speculation.

[08:48] {Threei} [08:45] {Alert} Threei - Feature also notes that no deal is imminent.

[08:48] {Threei} [08:45] {Alert} Threei - Brocade has a market cap of about $3.2B.

[08:55] {nemo} rimm climbing against the market

[08:56] {magoo} beaten down pretty good still

[08:57] {magoo} vad, lets keep 1 eye on RIMM

[09:00] {lasertrev} gm

[09:00] {larisa} gm :)

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

[09:01] {Threei} could be putting double bottom on daily mags

[09:02] {magoo} very surprised it hasnt made an attempt at 70 incer earnings

[09:04] {dino} gm all

[09:04] {fernp} good morning everybody

[09:04] {cosmo} DEPO

[09:05] {ese} good morning

[09:06] {nemo} define "good"

[09:06] {cosmo} DEPO achieved a statistically significant reduction in pain

[09:06] {cosmo} associated with postherpetic neuralgia (PHN) versus placebo

[09:06] {ese} just loggted nemo and am making money already with fslr

[09:06] {nemo} that's a "good" definition.

[09:07] {ese} kept 1k over the weekend end and it's up1.932

[09:07] {Threei} dino, fern, ese :)

[09:07] {cosmo} ... and placebos have been getting better too....they say

[09:07] {nemo} nice cos

[09:08] {cosmo} wanna buy some?

[09:08] {nemo} got my own stash

[09:08] {cosmo} k

[09:09] {Threei} World Bank Pres Zoellick: need to prepare for economic setback in 2010

[09:09] {Threei} - Strong message from developing countries

[09:09] {Threei} setback?

[09:09] {Threei} what was all this then?

[09:09] {Threei} reminds me road to Hana on Maui

[09:09] {Threei} you drive for hours on the road that doesn't have 20 ft stretch or straight road,

[09:10] {Threei} steering left and right incessantly,

[09:10] {Threei} then you see a road sign: curves ahead

[09:11] {Threei} "doesn't have 20 ft stretch OF straight road"

[09:14] {magoo} vad, goldman news on WFC?

[09:15] {Threei} WFC Goldman Sachs Raised WFC to Buy from Neutral, price target: $35

[09:15] {Threei} - Added to Americas Buy List

[09:15] {Threei} 6:43 am

[09:17] {magoo} WFC has history to run'

[09:27] {dptl} good morning all

[09:27] {Threei} dp :)

[09:28] {Threei} WFC is main one on watch

[09:28] {Threei} DEPO, distant second

[09:28] {Threei} BRCD, waiting to see if it has gas in it

[09:29] {magoo} rimm ugrade by needman

[09:31] {Threei} Long Setup: EFC .50

[09:31] {Threei} WFC

[09:32] {Threei} stop undewr .40 for scalpers

[09:32] {Threei} under .35 for day traders

[09:33] {Threei} 1:1 for scalpers

[09:34] {fernp} ty Vad

[09:35] {Threei} sharp downtick market

[09:36] {Threei} RIMM lost its mind

[09:37] {Threei} wsatch for long entrry on pullback

[09:37] {nemo} irrational exuberance

[09:37] {Threei} as close to .90 asd possible

[09:37] {Threei} here it is, fiorst strength

[09:37] {Threei} stop under .80

[09:38] {Threei} half out 67.09

[09:38] {Threei} scalpers take profit

[09:39] {Threei} offer 1/4 more at .25

[09:39] {Threei} here we go

[09:39] {Threei} last portion stop to under 67

[09:40] {Threei} and offer it out at .39

[09:41] {Threei} hit

[09:41] {fernp} great job Vad

[09:41] {Threei} out in full +.48

[09:42] {Threei} finally WFC

[09:43] {Threei} 1:1 for day traders

[09:43] {Threei} half out

[09:43] {Threei} stop to under .50 for the balance

[09:47] {Threei} BRCD,

[09:47] {nemo} yeah...nice bounce

[09:47] {Threei} likely to pull back now,

[09:47] {Threei} watching for double bottom

[09:48] {Threei} ideally, around .55 - .60

[09:49] {Threei} keep a finger on the trigger, I'll try to alert in time if we get there and bounce starts forming

[09:49] {fernp} HIG 25.80 break?

[09:49] {Threei} I'd really prefer pullback

[09:49] {fernp} ok

[09:50] {Threei} Renault SA Russian PM Putin: Govt will not let Avtovaz fail - RIA Novosti

[09:50] {Threei} - Reminder: Back on 10/3 Putin threatened to reduce Renault's 25% stake in Avtovaz if the French company fails to help fund Russia's biggest carmaker.

[09:50] {Threei} that's tru spirit of cooperation

[09:51] {Threei} that'll show them

[09:51] {Threei} WFC

[09:51] {Threei} daytraders take full profit

[09:51] {Threei} held .50 support to the cent

[09:52] {Threei} BRCD never gave an entry

[09:53] {Threei} Short Setup: AIG .70 break half lot

[09:54] {Threei} top of this bounce will define the stop

[09:55] {Threei} no setup

[09:56] {nemo} ISM services in 5 minutes

[09:56] {Threei} **consensus expectation: 50.0e v 48.4 prior (most estimates range between 49 to 51).

[09:57] {Threei} ugh AIG

[09:57] {Threei} this one got away

[09:57] {Threei} aggressive entry off 43 was the way to go in retrospect

[09:57] {ese} anyone still looking at BRCM

[09:58] {ese} i'm thinking pullback entry

[09:59] {Threei} let's wait out ISM numbers

[09:59] {fernp} BRCM or BRCD?

[09:59] {ese} vad any opinion

[09:59] {Threei} BRCM no

[09:59] {Threei} BRCD, I am interested

[09:59] {ese} brcd....sorry

[10:00] {Threei} SEPT ISM NON-MANUFACTURING COMPOSITE: 50.9 V 50E

[10:00] {ese} not huge but ok?

[10:02] {Threei} market is not very ehtusiastic

[10:02] {nemo} I guess the service industry component isn't very exciting

[10:04] {Threei} Short Setup: AIG .50 break half lot

[10:04] {Threei} if stays under .70

[10:05] {Threei} not a scalp for me if works

[10:05] {Threei} aiming to cover closer to 42

[10:06] {Threei} and if market sells off sharply, quite possible lower

[10:06] {Threei} 1:1

[10:06] {Threei} half out

[10:06] {Threei} 42.08

[10:07] {Threei} stop to b/e for the balance

[10:08] {Threei} stop to above .30

[10:08] {dino} slab drop

[10:09] {fernp} BRCD on highs (not falling w/market)

[10:10] {Threei} yeah, oblivious

[10:12] {Threei} out second half AIG

[10:12] {Threei} +.31 and .14

[10:14] {ese} l brcd .91

[10:16] {Threei} so far so god

[10:16] {Threei} 3 for 3

[10:16] {Threei} can I go home?

[10:18] {larisa} yes :)

[10:18] {Threei} Long Setup: HIG .65 break

[10:18] {Threei} BRCD works for ya ese

[10:18] {Threei} ty larisa

[10:19] {Threei} the only kind soul in whole room

[10:19] {fernp} 2 for 2

[10:20] {fernp} first AIG never triggered :)

[10:20] {fernp} out HIG ty

[10:21] {Threei} WFC, RIMM, AIG

[10:21] {Threei} that's 3 in my book

[10:21] {ese} out brcd .97 +.06

[10:22] {fernp} then 4 for 4, HIG hit 1:1

[10:22] {Threei} yes... I was calculating before it worked

[10:22] {fernp} youcan go home :)

[10:22] {Threei} yesss

[10:22] {nemo} Now that you're home..what next?

[10:23] {Threei} hmmm

[10:23] {Threei} I didn't think that far ahead

[10:23] {nemo} well, you're there, what are you doing?

[10:23] {Threei} I amthinking what to do

[10:23] {nemo} single malt...or blended?

[10:24] {Threei} wow... that's really early

[10:24] {nemo} it's after lunch in Europe

[10:24] {nemo} read mos vad?

[10:25] {Threei} short

[10:25] {Threei} smaller shares, volatile

[10:25] {Threei} .50 break

[10:25] {Threei} stop above .70

[10:25] {Threei} no aggresive entries, gotta see .50 broken

[10:27] {ese} vad how about hig at .80...breakout

[10:27] {ese} forget that question

[10:27] {Threei} yeah, too deep pullback

[10:29] {Threei} MOS, if works, not a scalp to me

[10:31] {Threei} US Defense Secretary Gates: Afghanistan has been difficult, the path is 'worrisome'

[10:31] {Threei} - Easing strains on army helped drive changes to fiscal 2010 budget

[10:31] {dino} mos reports after close

[10:32] {Threei} yeah... well, in any case we'

[10:32] {Threei} ll be goine long before that

[10:32] {magoo} RIMM trying vad

[10:33] {Threei} no way I am chasing it here

[10:33] {Threei} my paradigm has changed vs what we did over last few months

[10:33] {Threei} way less breakoutas,

[10:33] {magoo} maybe pllbk

[10:33] {Threei} more of pullbacks and range trades

[10:33] {Threei} some breakdowns

[10:34] {Threei} my main line of thoughts is:

[10:34] {magoo} where do i smell the bacon?

[10:34] {Threei} with everyone and their broether expecting deep drop in the market after prolonged run

[10:34] {Threei} and most of prophets going as far as expecting retest of March lows

[10:35] {Threei} I'd think tyhe most probable course of action here is sideways for a while

[10:35] {Threei} optimists expecting rally continuation and pessimists think retest of the lows will be equally disappointed

[10:36] {nemo} especially until earnings season shows it's stripes, or the $ changes

[10:37] {Threei} Being very good at fooling and disappointing the most people, that's what market should do here, IMO

[10:37] {Threei} and in a range bound market we play range, pullbacks and salmons

[10:38] {Threei} ok MOS... lose .40 and dies

[10:38] {Threei} -s

[10:38] {Threei} my typing hits new low today

[10:38] {Threei} I had some excuse earlier as action was very fast

[10:39] {Threei} here we go

[10:39] {Threei} hmmm

[10:39] {Threei} RIMM

[10:39] {nemo} market strengthening

[10:39] {Threei} C&H

[10:41] {Threei} MOS 1:1

[10:41] {nemo} ty

[10:42] {Threei} covering half

[10:42] {Threei} .22

[10:42] {dino} nice

[10:42] {Threei} want second half closer to 45

[10:42] {Threei} stop to b/e

[10:43] {Threei} good find nemo

[10:43] {nemo} blind squirrel

[10:43] {Threei} btw, in order to keep things qualified and defined,

[10:43] {Threei} MOS setup was salmon on the downside

[10:44] {Threei} DBI of course

[10:44] {nemo} yes

[10:45] {nemo} mos sitting on pivot support

[10:45] {Threei} MOS at this point is not a subject of thinking anymore,

[10:45] {Threei} it's a subject of trade management

[10:45] {nemo} no

[10:46] {Threei} routine... half out, stop trailed,

[10:46] {nemo} yes

[10:46] {Threei} either it continues or it goes above recent resistance

[10:46] {Threei} no sewcond guessing

[10:46] {nemo} except for scalpers...of course :)

[10:46] {Threei} yeah, those...

[10:48] {Threei} grrrr RIMM

[10:48] {Threei} C&H overcomes anything and everyting

[10:48] {Threei} powerful setup

[10:51] {Threei} MOS respected resistance to the cent

[10:51] {nemo} very polite

[10:51] {Threei} big offers are being taken out now...

[10:51] {Threei} maybe over

[10:52] {Threei} new offer for buyers pleasure though...

[10:52] {Threei} let's see

[10:52] {Threei} if this time .30 is taken to, probably bottomed out for now

[10:59] {magoo} WFC trying

[10:59] {Threei} done with MOS balance

[11:07] {magoo} toughie

[11:07] {Threei} what is?

[11:07] {Threei} oh, WFC?

[11:07] {magoo} ye4a

[11:07] {Threei} it's not WFC itself at this point, IMO

[11:07] {Threei} it's market

[11:08] {Threei} climbed up rather nicely,

[11:08] {magoo} u still in HIG?

[11:08] {magoo} i am

[11:08] {Threei} consolidated,

[11:08] {Threei} but run into that time when market usually stalls lately

[11:08] {Threei} am ot

[11:08] {Threei} not

[11:11] {magoo} trying for .86 now

[11:12] {Threei} Goldman Chief Economist O'Neill: USD is not the primary concern for the country; the IMF has an 'outdated' mentality - TV interview

[11:12] {Threei} - Sees 2010 world economic growth at 4.1%

[11:12] {Threei} - Brazil looking like a 'robust' economy, as is India

[11:12] {Threei} - Sees potential for "positive surprises" in economy

[11:12] {nemo} rimm bonce va?

[11:12] {Threei} yes, this development is more to my liling than breaks

06[11:13] * nemo studies at vad school of typing

[11:13] {Threei} .20 is nearest support

[11:13] {nemo} yeah

[11:13] {Threei} if holding it and breaks .30 witrrh market help, valid setup

[11:14] {nemo} got resistance around. .35

[11:14] {Threei} .30 break is setup

[11:15] {Threei} 10 cents risk on RIMM? I'll take it any day on risk alone

[11:15] {Threei} (UA) UAE Central Bank: comfortable with USD as reserve currency; no plans to diversify forex reserves

[11:16] {Threei} invalidated

[11:16] {Threei} guess who is on TV

[11:17] {nemo} Rudy Guiliani?

[11:17] {dino} no guess needed

[11:17] {Threei} lol dino

[11:17] {Threei} but nemo is still trying

[11:18] {ese} vad stec opinion? check out the 15min chart for me

[11:19] {Threei} can't tell ese... seems to be fairly random here

[11:20] {ese} tks

[11:20] {Threei} RIMM setup is back

[11:20] {Threei} the same

[11:21] {Threei} .30 break long if holding above .20

[11:22] {Threei} come on RIMM, no shakeouts

06[11:24] * Threei kicks RIMM in the rear

[11:24] {ese} L rimm .29

06[11:25] * Threei pokes RIMM with sharp stick

[11:25] {magoo} magoo shows rimm hot branding iron

[11:26] {Threei} (US) Obama: Insurers will not be able to cap healthcare coverage arbitrarily

[11:26] {Threei} - Insurers will have to cover routine checkups

[11:26] {Threei} - More security for the insurer

[11:26] {Threei} - Electronic medical records will reduce paperwork

[11:26] {Threei} - Health exchanges will provide affordable insurance

[11:26] {Threei} no worky RIMM

[11:26] {nemo} maybe short on H&S

[11:26] {ese} this stock is starting to picc me off

[11:27] {ese} out rimm .18 -}09

[11:27] {nemo} hit that resistance @.35 and sayonara

[11:28] {Threei} nope... market sharp downtick killed it

[11:28] {Threei} RIMM didn't trade on its own merits here

[11:28] {ese} mags you play this stock.....you gotta be insane........

[11:28] {Threei} just as this market jump takes it back up now

[11:30] {nemo} BRCM DT?

[11:30] {ese} anyone for revenge trading????hmmmmmmmm

[11:30] {nemo} revenge killing maybe...

[11:40] {magoo} HIG is killing me

[11:40] {magoo} torture

[11:41] {magoo} out .86 TY vad..i guess lol

[11:43] {Threei} we are 5 for 6

[11:43] {Threei} what are you unhappy about?? :)

[11:43] {magoo} [11:40] {magoo} torture

[11:43] {Threei} sorry, but tat was self-inflicted one

[11:44] {magoo} well..did u enjoy my suffering

[11:44] {Threei} I always do

[11:44] {magoo} im glad

[11:44] {magoo} to suffer for a friend is noble

06[11:45] * nemo slaps magoo around a bit with a large 2X4

[11:45] {nemo} mags you suffering?

06[11:45] * Threei prepares to enjoy

[11:46] {Threei} look at MOS

[11:46] {nemo} yep

[11:49] {Threei} Short Setup: RIMM 67 break

[11:49] {Threei} scalp only

[11:49] {Threei} if stays under .170

[11:50] {Threei} .10, sorry

[11:50] {ese} wheres dino......very quiet today..........

[11:51] {Threei} market spike

[11:51] {Threei} no news... out of nowhere

[11:51] {ese} dino you done anything today.......sorry not paying attention

[11:54] {ese} l brcd .97

[11:55] {dino} nothing posted es,

[11:55] {magoo} AIG going

[11:55] {dino} thinking about lunch

[11:58] {Threei} let's scratch RIMM

[11:58] {Threei} can't read this action

[11:58] {Threei} out .96

[11:58] {Threei} + mindboggling 5 cents

[11:58] {nemo} so..you profit on a scratch

[11:59] {Threei} lucky

[11:59] {Threei} was ready to cover b/e, but it downticked just as I was cliking

[11:59] {nemo} trading gods sitting on your shoulder

[11:59] {nemo} guess you'll have to make a sacrifice (no fish)

[12:00] {Threei} I feed them chicken entrails regularly

[12:00] {nemo} frickin' mos

[12:01] {dino} they prefer tequilla

[12:01] {Threei} lol

[12:01] {nemo} mine like vodka

[12:03] {fernp} HIG and FAS on highs ... but it is a breakout :(

[12:07] {nemo} very impolite of rimm

[12:10] {Threei} that's OK

[12:10] {Threei} it wasn't a shakout, just a scratch out

[12:10] {Threei} and it's not like it had a pattern to follow but violated it before following

[12:10] {Threei} now, THAT would be rude

[12:11] {Threei} it just became unreadable, and I don't want to trade what I can't read

[12:11] {nemo} thank god you don't have the same attitude about what you type!

[12:12] {Threei} hey... I haven't made any singly mistype in 4 lines

[12:12] {Threei} singly? lol

[12:12] {nemo} and that's relative to the price of tea in China how?

[12:16] {nemo} mmmmhh...moss could be a break here?

[12:17] {nemo} oops...mos...got Patriots on the brain

[12:17] {fernp} HIG hit 1:1 and then collapsed 18 cents in a sec. were a lot of people waiting for that 1:1? incredible

[12:19] {Threei} ETRM is killing bottom fishers from last week

[12:20] {Threei} NYMX Announces New Pooled Analysis Confirms 12 Month Benefit of NX-1207 Treatment for BPH (4.72, +0.27, 6.07%)

[12:20] {Threei} blast from the past

[12:21] {Threei} don't chase

[12:21] {Threei} NYMX never holds gains

[12:22] {Threei} used to announce some successes in Alzheimer treatment every month.. and forget all about it next day

[12:24] {dino} lol

[12:24] {Threei} thank you dino

[12:25] {Threei} I was about to take my sense of humor outside and shoot it

[12:25] {nemo} sorry...busy buying my hunting permits

[12:25] {Threei} I mean I know it's lame... but there must be a limit to any lameness

[12:26] {nemo} mos did break out above .60, see if it hold support

[12:27] {Threei} nemo, be careful with MOS,

[12:27] {nemo} RIMM read Vad...if you can remember

[12:27] {nemo} just watching

[12:27] {Threei} with earnings after close it's likely to become more erratic as we near eod

[12:28] {Threei} as people reposition, exit etc

[12:28] {Threei} RIMM, categorically no read

[12:28] {Threei} look at these spikes

[12:28] {Threei} last thing I want it to be railroaded by one of those

[12:28] {dino} plus it's down 10 bucks in about a week

[12:29] {Threei} the only thing doable on RIMM right now is teleportation setup,

[12:29] {Threei} ad this is not something I can call

[12:29] {nemo} force not with you Vader?

[12:30] {Threei} counting on Larisa's protection?

[12:30] {dino} hmmmmmmmmmm

[12:30] {Threei} may not work... I sent her a box of carrots to bribe her

[12:30] {nemo} why carrots?

[12:30] {Threei} she likes carrot juice

[12:31] {nemo} Maybe she was a rabbit in another life...

[12:32] {larisa} sigh

[12:32] {nemo} reminds me of a joke...

[12:32] {Threei} you do realize your chances to have her sympathy diminish with every word you type, right?

[12:32] {nemo} wow, four multi-syllable words in that sentence vad.

[12:33] {Threei} yeah, I read dictionary on weekends

[12:38] {ese} l brcd avg .88

[12:40] {dino} swinging it es?

[12:43] {magoo} goitta wonder if WFC gonna rippppp

[12:43] {ese} out .87 even

[12:44] {ese} -.01 sorry

[12:44] {magoo} im in .70, exit waiting .87

[12:44] {magoo} biut.........

[12:44] {magoo} looks better

[12:45] {magoo} out..oh well...i am what i am.i scumbag scalper who with help of daytraders is responsible for wrecking entire US financial system

[12:45] {Threei} rofl

[12:45] {Threei} nice of you to take credits for that

[12:45] {magoo} and i included u

[12:45] {nemo} well...that still leaves you above most lawyers, politicians, an ex-wives

[12:46] {Threei} although I can think of many guys who did that successfully with no help by our humble kind

[12:57] {Threei} CNBC contributor Dennis Garman discussing the S&P500 testing its uptrend line today says "it better hold," or there could be significant downside

[12:58] {Threei} RU) Russian Fin Min: Expects to complete Soviet debt swaps by year end 2009

[12:59] {Threei} I think I have soviet 3 roubles somewhere, as a souvenir... would that help?

[12:59] {Threei} SVNT Hearing Sanford Bernstein speculating company could be a potential acquisition target (timing uncertain)

[12:59] {Threei} - TEVA speculated as potential acquirer (14.38, -0.03, -0.21%) (related TEVA )

[12:59] {nemo} CNBC contributor Dennis Garman -He's got my vote for Captain Obvious

[12:59] {nemo} sorry Vad

[12:59] {Threei} et tu nemo

[13:00] {nemo} and it's only October

[13:00] {nemo} aig C&H?

[13:00] {nemo} on 5 min

[13:00] {Threei} yes...

[13:00] {nemo} you happy

[13:01] {Threei} imbecil in Clagary zoo jumped in the tiger's cage

[13:01] {nemo} natural selection

[13:02] {fernp} lol

[13:02] {Threei} survived...

[13:02] {nemo} dead...good half-dead...not good

[13:02] {Threei} US TREASURY'S $7B 10-YEAR TIPS BID-TO-COVER RATIO: 3.12 V 2.25 PRIOR AND 2.10 AVG OVER THE LAST 5 REOPENINGS

[13:02] {Threei} - indirect bidders take 44% of competitive bids

[13:02] {Threei} - notes draw 1.510% with 14.26% alotted at the

[13:02] {Threei} high

[13:03] {nemo} mmmhhh...no market reaction

[13:04] {Threei} good

[13:04] {Threei} means Iam not the only one confused about these auctions

[13:05] {Threei} if you want to try that C&H on AIG

[13:05] {Threei} I'd try it aggressively

[13:05] {Threei} .30 break if stays above .15-.20

[13:05] {Threei} actual trigger is .45

[13:06] {Threei} so if it comes there, you'll have a choice: take scalp, partial or hold for C&H break

[13:07] {Threei} which is a pleasant choice to have

[13:09] {nemo} not used to aig moving so slowly

[13:09] {Threei} it did just that a few times last week

[13:11] {nemo} no worky

[13:11] {Threei} nope

[13:12] {dino} sono

[13:12] {Threei} SONO Announces FDA Clearance for Its New NanoMaxx Ultrasound (26.14, +0.57, 2.23%)

[13:12] {dino} ultasound tool clearance

[13:12] {dino} opps

[13:13] {Threei} people pick up the story

[13:13] {Threei} - Company announces FDA 510(k) clearance for its new NanoMaxx ultrasound system and is commencing US customer deliveries. International deliveries began at the end of June.

[13:15] {Threei} what, that's all?

[13:17] {Threei} lol, look at NYMX

[13:17] {nemo} you remembered?

[13:17] {Threei} no... scrolled up

[13:17] {nemo} oh

[13:22] {ese} l brcd ..869935......so there

[13:22] {ese} not to be exact or anything

[13:22] {nemo} next thing he'll be writing out Pi

[13:26] {Threei} market is frozen solid

[13:52] {dptl} .

[13:53] {gnslng} .

[13:53] {Threei} ..

[13:53] {nemo} !

[13:54] {ese} eee

[13:56] {Threei} BRCD HPQ reportedly has evaluated BRCD aquisition but may only interested in certain assets; no formal bid was made - unconfirmed report (8.78, +1.13, 14.77%) (related HPQ )

[13:58] {Threei} (CA) Radio Canada: Quebec plans to file suit against tobacco companies

[13:58] {Threei} ***NOTE: On 09/29, the Province of Ontario reportedly filed a C$50B suit against tobacco firms seeking to recover health care costs.

[13:58] {Threei} everyone gets court-happy

[13:59] {nemo} gotta' get tax revenue from somewhere

[14:00] {Threei} highest hypocrisy possible

[14:00] {nemo} definition of government

[14:00] {Threei} you believe those products bring your province such huge losses - ban them

[14:01] {Threei} allow them to be sold, tax them and then complain about losses they cause - embodiment of hypocrisy

[14:01] {Threei} (US) Fed announces changes to assessing talf collateral

[14:01] {Threei} this is interesting

[14:09] {nemo} $ doing badly

[14:10] {dino} mkt up

[14:13] {magoo} .

[14:27] {fernp} have to go. Good evening everybody. see u all tomorrow

[14:28] {Threei} take care fern

[14:32] {dino} cya fern

[14:34] {Threei} watching GS

[14:34] {Threei} something's market-altering happening here

[14:36] {nemo} cit?

[14:36] {Threei} ?

[14:36] {nemo} regaring GS...sorry

[14:36] {nemo} "d"

[14:37] {Threei} JPM too

[14:37] {nemo} shoots tht one

[14:46] {Threei} Long Setup: BAC 16.90 break if stays above .85

[14:48] {nemo} quite the volume increase

[14:54] {dino} sm l esi .75

[14:58] {ese} I'm back but am off until tomorrow.....i'm out BRCD .97 +.10 on 9k see ya tomorow

[14:58] {Threei} take care ese, good job

[14:59] {ese} tks vad.....take care

[15:11] {dino} cya es

[15:11] {Threei} lol

[15:13] {dino} :)

[15:30] {Threei} wow

[15:30] {Threei} 1:1 BAC

[15:30] {Threei} took just what, 45 min?

[15:30] {Threei} lol

[15:31] {jmb} Thanks Vad

[15:31] {Threei} :)

[15:40] {magoo} q server vad?

[15:40] {Threei} 8

[15:43] {dptl} have a good evening all

[15:43] {Threei} take care dp

[15:44] {Threei} RIMM is incredibly weak

[15:44] {Threei} more and more i think this is nto an accident

[15:44] {Threei} it could be a start of long and big decline

[15:44] {Threei} as it loses fieild to AAPL

[15:47] {Threei} Short Setup: RIMM .35 break

[15:47] {Threei} if stays under .50

[15:48] {Threei} just a quick scalp of course, time is tight

[15:49] {Threei} invalidated anyway

[15:50] {Threei} (US) JP Morgan Analyst Thomas Lee: Earnings for US banks may exceed analyst forecasts - TV interview

[15:50] {Threei} - S&P 500 could easily surpass 1,100 by the end of 2009

[15:50] {Threei} - Stocks still "attractively priced"

[15:50] {cosmo} so are homes

[15:56] {dino} homes are, but w/o jobs hard to buy

[15:56] {nemo} bye folks

[15:56] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {dino} cya

[15:58] {lasertrev} have a good night, all