Dec 21 2009

Sloooow but profitable day. Not much but enough to justify waking up.

Session Time: Mon Dec 21 00:00:00 2009

[08:30] {Threei} Chicago Fed Nov National Activity Index: -0.3 v -1.08 prior

[08:30] {nemo} yawn

[08:31] {Threei} totally

[08:35] {Raven} lol

[08:44] {fernp} Good morning everybody

[08:46] {Threei} fern :)

[08:46] {nemo} Que tal

[08:47] {fernp} todo va bien :-)

[08:47] {nemo} siempre bien.

[08:56] {Les} Morning :)

[08:56] {Threei} les :)

[08:57] {Les} right, lets talk about last trade for friday if you don't mind

[08:57] {Les} since you guys talked about it without me...

[08:57] {Les} :P

[08:58] {Threei} what else could we do if you left faster than we said a word

[08:58] {Les} http://up.widget.mibbit.com/up/Tod4FqQL.png

[08:58] {Les} 1st question

[08:58] {Les} trigger was .65 b/d. I bought at .65, fearing a drop into trigger - which subsequently happened

[08:59] {Les} is buying at this point your definition of aggressive entry?

[08:59] {Threei} me lost

[08:59] {Threei} bought?

[08:59] {Threei} it was a short

[08:59] {Les} ok ok

[08:59] {Les} shorted

[08:59] {Les} my bad

[09:00] {Threei} you shorted .65?

[09:00] {Threei} not how I remember it

[09:00] {Threei} you shorted higher

[09:00] {Les} yes. note how small bounce ensues following short before the stock drops

[09:00] {Threei} which was aggressive entry

[09:01] {Threei} re read whbat you said... it makes no sense

[09:01] {Threei} [08:58] {Les} trigger was .65 b/d. I shorted at .65, fearing a drop into trigger - which subsequently happened

[09:01] {Les} ok clarification required

[09:01] {Les} is .65 the trigger. or when the stock ticks down to .64?

[09:02] {Threei} I don't remember what it was fo this particular case

[09:02] {Threei} but it doesn't matter much

[09:02] {Threei} you shorted before any of that was reached

[09:02] {Les} I called .65 trigger, you said yes

[09:02] {Threei} and you shorted somewhere above .70

[09:03] {Les} no no no

[09:03] {Threei} which was, yes, aggressive entry

[09:03] {Les} I told you I was in when it was .70

[09:03] {Les} i had shorted at .65, at 2:27pm or thereabouts

[09:03] {Les} stock bounced back to .70, then dropped to .50

[09:03] {Threei} then you asked me after you shorted

[09:04] {Les} asked you what?

[09:04] {Threei} whether .65 short is valid

[09:04] {Threei} because between your question and your report of entering it didn't touch .65

[09:05] {Les} yes it did

[09:05] {Threei} it dropped to and under after you said you were in

[09:05] {Threei} which was why I asked whether you took aggressive entry

[09:06] {Les} ok, so I shorted at .65, its on my trade log, so it is not aggressive entry

[09:06] {Threei} no, it's not

[09:06] {Threei} and .85 is not the right stop,

[09:06] {Threei} it had resistance at .80

[09:07] {Threei} so you shorted before you asked me

[09:07] {Les} what difference?

[09:07] {Threei} huge

[09:07] {Les} why?

[09:07] {Threei} I am looking at different chart than the one you ,looked at when you enterted

[09:07] {Les} hmmm

[09:08] {Threei} to exaggerate an effect even more,

[09:08] {Threei} imagine that the stock went to .90 after your entry

[09:08] {Threei} and you ask me whether .65 is a triiger

[09:08] {Threei} would m y answer still be the same?

[09:09] {Les} I didn't fear reversal immediately after entry...

[09:09] {Threei} now,

[09:09] {Threei} after you asked me,

[09:09] {Threei} I looked at the chart

[09:09] {Threei} and saw a resistance at .80

[09:09] {Threei} because a stock bounced AFDTER your wentry

[09:09] {Threei} and never went above .80

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:10] {Les} ok so you use the very last bounce as stop do you?

[09:10] {Threei} meaning, the p,ay I was answering you about is a different play than the one you envisioned when entered

[09:10] {Threei} that was the case in this situation

[09:10] {Les} ok, so I shouldn't have looked at the largest bounce prior to entry as stop?

[09:10] {Threei} and this bounce happened after your wentry and before my answer

[09:11] {Threei} I don't know - we are talking about two different plays now

[09:11] {Les} I was looking at previous bounce to .85 to place my stop. this was wrong?

[09:11] {Threei} and I never looked into one you describe now

[09:11] {Threei} [09:11] {Threei} I don't know - we are talking about two different plays now

[09:11] {Threei} 09:11] {Threei} and I never looked into one you describe now

[09:11] {Les} ok. I understand the play that you are envisioning

[09:11] {Threei} see, you are looking at things as if they were static

[09:11] {Les} so decisions for stops can be made with the very last bounce before entry, can they?

[09:12] {Threei} I don't know

[09:12] {Threei} if I looked into play you are describibng now

[09:12] {Threei} I might have seen something different, like for instance:

[09:12] {Threei} no play at all because it dropped from .85 to .65 too sharply

[09:13] {Les} ok, stock is too bouncy for what you define as appropriate setup?

[09:13] {Threei} or maybe there were some bids and offers that had to be accounted for

[09:13] {Threei} I don't know

[09:14] {Threei} you are asking three days later about something that might or might not be there

[09:14] {Threei} but here is something for you to look into:

[09:14] {Threei} the play I answered you about was:

[09:14] {Threei} .65 entry,

[09:14] {Threei} .80 stop,

[09:15] {Threei} and this one dropped to .50, giving you 1:1

[09:15] {Les} yes I know

[09:15] {Les} but didn't know that your stop differed to mine

[09:15] {Les} so I understand that stop was too generous, too large

[09:15] {Threei} see now how outcome changes dependent on the play stricture?

[09:15] {Les} just my opinion

[09:15] {Les} yes

[09:15] {Threei} no

[09:15] {Threei} not justr too large

[09:15] {Threei} it was from a different play altogether

[09:16] {Threei} you played one while asked about another

[09:16] {Threei} look at the log,

[09:16] {Threei} and you'll see this:

[09:16] {Threei} after you reported entry and stop

[09:16] {Threei} I asked whether you took aggresiive entry

[09:16] {Threei} you know why?

[09:17] {Les} I do know

[09:17] {Les} now

[09:17] {Threei} because your stop didn't match the play I saw,

[09:17] {Threei} so,

[09:17] {Les} yes I see

[09:17] {Threei} what I was thinking at the moment:

[09:17] {Les} was different from me

[09:17] {Threei} you entered aggressively,

[09:17] {Threei} and used wider stop, because you got better price and thought you have more room

[09:17] {Threei} which is wrong way to do it

[09:18] {Les} yes I understand...

[09:18] {Threei} so I wanted to give you a running comment

[09:18] {Les} I would not have matched .70 entry with .85 stop

[09:18] {Threei} so did fern

[09:18] {Les} but I had entered at .65

[09:18] {Threei} but it was before you asked, so we already talked about different plays

[09:19] {dino} ogxi strange

[09:19] {strider} morning everyone..

[09:19] {Les} so using bounce from 2 - 2:15pm is a statics setup not suitable for a trade happening 15 minutes later

[09:19] {Threei} strider :)

[09:19] {Les} st

[09:19] {Les} dino

[09:20] {Threei} maybe. maybe not - depends on what happened meanwhile

[09:20] {Les} k

[09:20] {lasertrev} hi

[09:20] {Threei} btw, looking at your entry at 2:27,

[09:20] {lasertrev} all

[09:21] {Les} LT

[09:21] {Les} yeh

[09:21] {Threei} I see .80 as a resistance already

[09:21] {Threei} trev :)

[09:21] {Les} so do I now

[09:21] {Threei} well... good flight review then

[09:22] {dino} fwiw, markets close at 1:00 thursday, closed all day friday

[09:23] {dino} bucy up big

[09:24] {Les} what's special today?

[09:24] {strider} watching anything, vad?

[09:24] {Threei} yeah... les' friday trade

[09:24] {Threei} smilet face

[09:25] {Les} oh piss off

[09:25] {Les} smiley face implied

[09:25] {Threei} les, you are drunk or what

[09:25] {Les} hey, its a joke...

[09:25] {Les} next item of the day

[09:25] {Threei} ok, what the deuce with OGXI

[09:26] {Threei} OncoGenex Pharmaceuticals, Inc Signs license agreement with TEVA to develop and commercialize multiple oncology indications; Will receive $60M initial payment

[09:26] {Threei} - Teva and OncoGenex Pharmaceuticals announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex.

[09:26] {Threei} - Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60M initial cash payment, which includes a $10M equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20million and prepayment of $30M for OncoGenexs contribution to the development costs of OGX-011.

[09:26] {Threei} how does it transpire into 7 points drop?

[09:27] {dino} thats why i brought it up

[09:27] {magoo} morning

[09:27] {Threei} mags :)

[09:27] {strider} morning magoo:)

[09:28] {Les} mags

[09:30] {magoo} ATHX

[09:31] {magoo} AA

[09:31] {Les} fcx as well

[09:32] {Threei} everything

[09:32] {Threei} market spiked, so most of stocks

[09:32] {Threei} look at RIMM

[09:32] {Threei} 70 cents

[09:32] {dino} i don't get ogxi

[09:32] {nemo} amzn

[09:32] {Les} fcx might be a dbi if it continues

[09:32] {dino} esrx spike

[09:33] {Threei} dbi?

[09:34] {Les} oops sorry wrong setup

[09:34] {Threei} AA

[09:34] {Threei} watch for pullback,

[09:35] {Threei} entry around .20 - .25 if drops there fast

[09:35] {Threei} RIMM{ watching for .50 - .60 entry

[09:35] {fernp} XCO , Vad?

[09:35] {nemo} why is spy up so much...snap back?

[09:36] {Threei} very nice daily for a break fern

[09:36] {fernp} ok i'll try .40 break

[09:39] {dino} wag

[09:39] {Threei} Long Setup: BRCM .90

[09:40] {dino} kss

[09:40] {Threei} dinner and a movie first, dino

[09:40] {Les} nice one

[09:40] {nemo} amzn

[09:41] {dino} lol

[09:41] {Les} now we're being funny...

[09:41] {dino} ::)

[09:42] {nemo} BRCM still valid?

[09:43] {Threei} .75 is invalidation level for it

[09:43] {nemo} wfm

[09:44] {ese} morning

[09:44] {Threei} ese :)

[09:44] {nemo} you sure?

[09:45] {dino} ths, buying out and goes up

[09:46] {nemo} crm

[09:47] {magoo} ogxi vad HAMMERED

[09:47] {Threei} scroll up mags

[09:47] {Threei} we exchanged on it

[09:47] {magoo} nope

[09:48] {Threei} and expressed utter puzzlement

[09:48] {Les} kss looking good

[09:48] {nemo} gld coughing up furball

[09:48] {Threei} if it drops 9 points on cooperation witn TEVA, good thing it never signed up on cooperation of Pfitzer

[09:48] {nemo} mon dropping

[09:49] {Threei} it would have been decimeated to single digits

[09:49] {dino} wag beats and drops

[09:49] {Threei} Short Setup: GLD .65

[09:50] {nemo} end of year Steve Miller play

[09:50] {fernp} XCO trying to break

[09:50] {Threei} stop above .80

[09:50] {magoo} over point bounce OXGI

[09:51] {Threei} no go GLD

[09:51] {nemo} is brcm invalidated by boredom?

[09:51] {fernp} lol

[09:51] {Threei} lol

[09:52] {nemo} :)

[09:52] {magoo} no laughing..i need complete focus on BRCM :)

[09:52] {nemo} oooohhhhhhhh.....touchy

[09:52] {Threei} sorry mags

[09:52] {Threei} no one says a word until BRCM triggers

[09:53] {Threei} (that should keep us all silent for couple weeks)

[09:53] {nemo} NASCIH

[09:53] {Threei} CSIQ lost its mind

[09:54] {Threei} Long Setup: AONE 20 break half lot

[09:54] {Threei} stop under .85

[09:54] {nemo} damn

[09:55] {dino} rino sm l .35

[09:56] {dino} stop .98

[10:01] {Threei} frikin GLD

[10:01] {fernp} cruel

[10:02] {fernp} BRCM guys

[10:02] {nemo} yeah, in

[10:03] {Les} can we tighten stop from original call vad?

[10:03] {Threei} I think so, it consolidated above .80 long enough

[10:04] {nemo} huge order .95

[10:04] {nemo} offer

[10:04] {Threei} good

[10:04] {Threei} should spike nicely upon breaking it

[10:05] {Threei} this starts looking like low volume climb day

[10:05] {nemo} ecept it's up big already

[10:05] {Threei} one of those relentless up up and up

[10:06] {Threei} GS Rochdale's Bove warns that a forthcoming article in Bloomberg magazine will attack Goldman Sachs for avoiding certain taxes for years (timing uncertain)

[10:06] {strider} OGXI

[10:06] {Threei} lol

[10:06] {Threei} this is so werid

[10:07] {Les} Information warfare on wall st.

[10:07] {Threei} Fed's Evans: 2010 growth estimated at 3-3.5% - CNBC (related TLT EUR/USD USD/JPY )

[10:08] {nemo} where stop on brcm now?

[10:08] {Threei} under .80

[10:10] {Threei} I reread OGXI news for the third time

[10:10] {Threei} I give up

[10:10] {ese} L fitb .99

[10:10] {strider} big offer at .15 AONE

[10:10] {Les} GLD

[10:11] {nemo} amzn

[10:11] {dino} same here 3i, no sense to it

[10:11] {Threei} good thing TEVA paid only 60 mil

[10:11] {dino} one of those "anything can happen"

[10:11] {nemo} huge orders amzn at 132

[10:11] {Threei} OIGXI would go pink sheets if TEVA paid 100 mil

[10:11] {nemo} fakeouts?

[10:12] {Threei} we will know when first buys go at that price

[10:12] {strider} out +.64 OGXI

[10:12] {nemo} seving as roof

[10:13] {Les} nice st

[10:13] {Les} out BRCM .99 undercut huge offer at 32

[10:13] {strider} out +.14 AONE

[10:13] {magoo} good 1

[10:13] {Threei} guys, I'll leave it to your discretion to wait for .15 break on AONE or take profit or partial here

[10:14] {Threei} whatever you choose, stop is trailed to .90

[10:14] {strider} out +.13 BRCM from early entry

[10:14] {Threei} over 1:1 AOPNE

[10:14] {Threei} AONE

[10:14] {magoo} im waiting at .40 area vad AONE

[10:14] {ese} if qqqq can't break 45 soon then i'm outta fitb

[10:15] {Threei} I'd call you crazy mags, but I hate to state the obvious

[10:15] {Threei} wait

[10:15] {Threei} I love to state the obvious

[10:15] {Threei} you are crazy

[10:15] {nemo} amzn blew through 132

[10:15] {fernp} 1:1 XCO

[10:15] {Threei} didn't watch it nemo... were offers real?

[10:15] {nemo} yes

[10:15] {Threei} or they canceled?

[10:16] {Threei} ok

[10:16] {Threei} wtg fern

[10:16] {fernp} ty

[10:16] {Threei} AONE 1:2

[10:17] {Threei} nice going strider

[10:17] {nemo} 1/2 out brcm

[10:17] {strider} :)

[10:17] {Threei} BRCM... offers at 32 are chinese wall

[10:17] {nemo} yeah, could take a while

[10:17] {Les} means what?

[10:18] {nemo} Les thing "Great Wall of China"

[10:18] {Les} yeh, not sure if we're talking chinese wall ala wall st style...

[10:18] {Les} you know, fake walls

[10:18] {Threei} by itself, just that it's a level of big decisions

[10:18] {dino} fds sm l .59 stop .29

[10:18] {nemo} those are Potemkin Villages Les

[10:18] {Threei} whether it's going to be taken or not is not known

[10:19] {fernp} out BRCM ty Vad

[10:19] {Threei} welcome

[10:19] {Les} sorry nemo, just wiki'd your reference there

[10:19] {Les} you saying that BRCM is fake offer?

[10:20] {nemo} no, because there are so many of them

[10:22] {Threei} here comes .40 on AONE for Magoo the Crazy

[10:22] {magoo} crazy like a fox :)

[10:22] {Threei} Alexander the Great... Ivan the Terrible... Magoo the Crazy

[10:23] {Les} gotta hand it to him. mags gets what he wants

[10:23] {magoo} out .44 TY

[10:23] {Threei} welcome sir

[10:23] {Threei} I never said he was wrong les... just that he was crazy

[10:23] {Les} gld bounce before b/d?

[10:23] {magoo} and even with his comments, i stay the course

[10:24] {Les} for the rewards on offer, I can dig Vad's cheek

[10:24] {Threei} never said you shouldn't... just qualified you as a type

[10:24] {magoo} was laid out there .44..hit the top

[10:24] {magoo} LUCKY

[10:25] {ese} vad opinion please.......this market strong enough to give fitb a push....or are you finding it a litl weak

[10:26] {Threei} my feeling is, market will climb ever so slowly throughout the day

[10:26] {magoo} imo..strong mkt

[10:26] {ese} tks....christmas effect?

[10:26] {nemo} amzn

[10:26] {magoo} ya ya

[10:26] {magoo} santa coming

[10:27] {Les} GLD b/d coming?

[10:27] {Threei} no idea on GLD

[10:27] {ese} i'm thinking that.......then it tanks in the new year.....anyone of that opinion

[10:27] {Threei} Christmas budget:

[10:27] {magoo} i am

[10:27] {Threei} photo with Santa: $10

[10:28] {Threei} photo with Santa helper: $2.500 to keep it off youtube

[10:28] {Les} ?

[10:29] {Les} sounds like a mastercard ad

[10:29] {Threei} sigh... is it THAT deep?

[10:29] {Les} ...priceless

[10:32] {Threei} GLD, snapback is more likely here

[10:32] {Threei} no call

[10:32] {Les} yeh fcx just did that

[10:32] {Threei} just a running commentary

[10:32] {Les} was wandering about long 77.

[10:32] {Les} woulda worked

[10:33] {nemo} brcm looks like it's losing steam

[10:33] {strider} long HOG .85, stop lod

[10:33] {Threei} snapback it is

[10:34] {Threei} .20 recross was it on GLD

[10:34] {Threei} don't want to call it until I feel I restore grip on it

[10:34] {Les} fine, I need stronger calls than I've been playing myself

[10:36] {ese} l bucy .04

[10:36] {Threei} you took those we had so far?

[10:37] {ese} out bucy .23

[10:37] {ese} +.19

[10:37] {Threei} nice break/spike

[10:38] {Les} BRCM worked nicely ty

[10:38] {ese} tks

[10:38] {Threei} no AONE?

[10:39] {Les} no, by accident bought BRCM early.

[10:39] {Les} modified my one click preferences...

[10:40] {Threei} White House plans to "routinely fine airlines" for any lengthy delays on the tarmac - WSJ

[10:40] {Threei} that's right

[10:40] {Les} lol, during this winter?

[10:41] {Threei} let's get them into the ground for good

[10:41] {Les} how is the weather by the way?

[10:41] {Threei} will help environment too

[10:41] {Threei} enough with this flying around

[10:41] {ese} fitb....driving me nuts

[10:41] {Threei} if god wanted us to fly...

[10:42] {Threei} les... weather where?? :)

[10:42] {Les} your way

[10:42] {Threei} in our neck of the wood is a beauty

[10:42] {Threei} warm... light drizzle

[10:42] {Les} over here, lovely powder. kids equipped with skis today

[10:42] {Threei} east coast is totally different story

[10:42] {nemo} we have 2 feet of snow and sub zero wind chill

[10:43] {Les} so its all east coast?

[10:43] {Threei} yes

[10:43] {Les} FCX gunning for hod

[10:45] {magoo} 23 inches of snow fell in philadelphia this weekend

[10:45] {fernp} sunny here, as always

[10:45] {magoo} temp in teens faren

[10:46] {Les} back later

[10:49] {ilana} RIMM .60 breakdown?

[10:52] {Threei} no clear read

[10:56] {nemo} out brcm

[11:00] {dino} hl l apol .49

[11:00] {dino} stop lod

[11:06] {Threei} NVDA...

[11:07] {Threei} 17.10 break was so perfect

[11:07] {Threei} how come I haven't noticed it at the time

[11:08] {nemo} .41 break looks good

[11:09] {dino} apol stopped -.25

[11:10] {strider} WY interesting

[11:11] {ese} Lbucy .00

[11:12] {ese} out bucy .14

[11:13] {nemo} nvda beginning to chew through .40 level

[11:15] {nemo} chewed through and stopped

[11:16] {ese} thats a nice trading stock bucy.......volitility .02 is not to huge yet when it breaks out it gives you want you want quickly and orderly......1500shs lots work well

[11:19] {magoo} AONE spike

[11:23] {ese} aone.......is that the ipo where the ceo shot himself in the foot the first day that it traded.......talking about diluting the float with another public offering

[11:24] {nemo} missed crm break, damn

[11:26] {Threei} can't remember ese... someone did that but I am not sure it was AONE

[11:27] {ese} ya can't remember either.......just making conversation with not much going on

[11:34] {ese} fitb is gonna take of here at some point.......it's just bloody when!!!

[11:40] {Threei} is it a perfect freeze or what

[11:45] {strider} stoppedd HOG -.13

[11:46] {Threei} strider... I suspect this stock has some em otional appeal for you

[11:46] {strider} It does as a short :)

[11:46] {strider} Like you with gld....

[11:47] {Threei} well, my general directional bias is right on GLD

[11:47] {Threei} look at it move ever since I said it was to crash and burn

[11:48] {Threei} it's particular method iof trading it with which I have difficulty

[11:48] {strider} mine is right with HOG, too. I was playing against that. didn't work.

[11:48] {nemo} you gonna' play that Johnson motorcycle IPO strider?

[11:50] {strider} I think I'll pass on commenting on that one.:)

[11:52] {strider} But it's obviously a long.

[11:58] {Threei} someone poured a lot of superglue on the SPY today

[11:58] {Threei} and QQQQ

[12:01] {magoo} dam FCX

[12:03] {Threei} hey... ese'ds FITB moved 1 cent

[12:04] {nemo} you like cat short if breaks .45, stop above .52?

[12:05] {Threei} I like long on .52 break with stop under .45 even more

[12:05] {strider} APOL spike

[12:06] {Threei} over 1:1

[12:07] {dino} last try apol hl l .51

[12:07] {Threei} anyone went for CAT, get out

[12:13] {strider} hmm......long DEER from 10.35 in pre-market. what to do....what to do.

[12:14] {strider} see if it will break 11.

[12:15] {ese} hey vad......just saw that.......was downstairs...someone is fixing out electrical service today

[12:15] {strider} ese, DRYS sure is dead in the water.

[12:15] {strider} And I'm under it.

[12:16] {Threei} you have whole 3 cents move ese

[12:16] {Threei} this is no small feat today

[12:17] {ese} sure is ST.......i still have a positon there at .24........it's a longer term hold.......got time there

[12:18] {strider} I'm at .42. No clear support between here and 5.66.

[12:19] {ese} might just take my 4 cent move and call it a day vad vad

[12:20] {Threei} hey, it's 5 already

[12:20] {Threei} you are richer than you think

[12:20] {ese} oh....wait a minute....some movement........WOW! another .01 cent...cool

[12:21] {ese} have 20k of this sloth vad.......it's a nice day

[12:21] {Threei} :)

[12:22] {ese} out 1/2 +.05

[12:24] {ese} rest is gravy......stop to break even.99

[12:25] {dino} gj

[12:26] {ese} tks

[12:29] {Threei} losers in current healtcare bill: tan salons, new tax,

[12:29] {Threei} generic drug manufacturers

[12:30] {Threei} indivividuals making more than 200K and couples - more than 250K

[12:31] {nemo} rimm at pivot support

[12:32] {strider} not any more.

[12:33] {nemo} what? Precious Steinway?

[12:34] {strider} WLP drop on news

[12:36] {Threei} WLP Connecticut AG requests Anthem health to leave contractual clauses as part of anti trust investigation

[12:36] {Threei} - AG claims the clauses negative4ly impact Charter Oak health plan (59.77, +1.46, 2.50%)

[12:36] {ese} hmmmmm thought fitb was gonna stop me out for balance of position......must be some strength there

[12:40] {strider} short WLP .61

[12:40] {ese} hey nemo........what are you going to do without your tannin salon appointment every week.....you'll go crazy

[12:40] {nemo} I'm the last person you'd catch in one of those

[12:40] {nemo} dork

[12:40] {ese} rotflol

[12:41] {Les} AWIAV?

[12:41] {Threei} in the money and in coma

[12:41] {Les} sounds good

[12:41] {Les} volume today?

[12:42] {Threei} also, nemo is in tanning salon as we speak

[12:42] {Les} trading with what?

[12:42] {ese} ya.......he tried to deflect ture intentions but it didn't work

[12:42] {ese} true

[12:43] {Les} wfc

[12:43] {ese} were all onto him......it's no secret

[12:43] {Threei} and ese is in local branch of his bank, trying to see if they give him cash advance for his 2010 trades

[12:43] {ese} ha ha

[12:44] {Threei} magoo is kind of half n' half... his upper half in in dino's fridge, consuming last of dino's beer

[12:44] {Les} I wanna know how that works...

[12:45] {Threei} we will never know Les

[12:45] {Threei} if it works, ese is going to spend the rest of his life on unnamed islands

[12:45] {ese} vad.......this is good............ doing one of them trading year in review for this board.........

[12:45] {Threei} enjoying beaches and drinks with umbrellas

[12:45] {Les} he should become trader for AIG

[12:46] {dino} lol

[12:46] {Threei} he claimed such profits for his future trades that if he caszhes out on them, we will never hear from him again

[12:46] {ese} think Enron

[12:47] {ese} will cut off nemos power supply and then he will be forced to do the tanning sallon

[12:47] {Threei} if he can do whole salon, why he even needs that tan...

[12:48] {strider} RIMM breakdown

[12:49] {ese} this is funny...just received from a friend on email....definition of FORD....."found on the road dead"

[12:49] {nemo} bounce at .20 or so maybe .40

[12:49] {ese} FIAT......"fix it again tony"

[12:51] {dino} 'dodge

[12:51] {dino} ' name, sort of a warning to oncoming traffic

[12:51] {magoo} jeep = just empty every pocket

[12:53] {ese} lol

[12:53] {Threei} lada - let's all drink... umm, last a is kind of useless

[13:02] {Les} Vad, GG/AUY bouncing with GLD. you read anything in them?

[13:03] {Threei} don't see any setups, and no volatility to speak of

[13:11] {Les} someone with toilet humour trying to get in...

[13:13] {strider} gee, that's not what I think of when I see the word "cubicle" misspelled.

[13:13] {Les} sorry, bad joke...

[13:13] {strider} :)

[13:18] {strider} short HOG .81

[13:18] {strider} stop .90

[13:22] {Threei} Short Setup: CAT .35

[13:22] {Threei} if stays under .45

[13:23] {fernp} you have forbidden short HOG, strider :-)

[13:24] {strider} hope to butcher it this time.

06[13:25] * Threei slaps nemo around a bit with a large Christmas tree, with decorations, lights and big sharp angel at the top

[13:25] {strider} you guys got the wrong impression about me and HOG....I think they should be shorted. Never had one myself.

[13:25] {nemo} imaginative

[13:26] {nemo} rice burner guy

[13:26] {strider} CAT in wally dated.

[13:26] {Les} pre-emptive?

[13:26] {fernp} LVS short if loses .55, Mr Graifer?

[13:27] {Threei} worth a try

[13:27] {fernp} ty

[13:27] {Threei} stop is narrow enough

[13:27] {Les} WMT Vad?

[13:28] {Threei} strider, think of us this way: every time we are lucky to stumble onto wrong impression we hold on to it for dear life, insist on it being right and generally enjoy all ther fights we can get into defending that impression

[13:28] {Les} hmm and here I thought we were different from wall st and washington...

[13:28] {strider} OK .. then I'm in the right place. :)

[13:28] {Threei} I like WMT chart for long, I just doubt we can get resolution before the day is over

[13:29] {Les} ok

[13:29] {Threei} we are very different les

[13:29] {Threei} difference is:

[13:29] {Threei} we do it for the love of having an opinion

[13:29] {Threei} we don't change it depending on who pays

[13:29] {Les} :D

[13:30] {Threei} and we don't even care abput opinion so much as we love to fight

[13:30] {fernp} strider... you should buy a HOG

[13:30] {Les} well I might put a small stop on WMT and let it go while doing dinner...

[13:30] {Threei} what is the first thought I have seeing that huge Chritsmas tree

[13:30] {Threei} why, slap nemo woth it of course

[13:31] {Les} what tree?

[13:31] {Threei} scroll up...

[13:31] {Threei} to 13:25

[13:31] {strider} short LVS .53

[13:32] {strider} missed the right entry

[13:32] {Threei} by just one cent

[13:32] {Threei} no biggie

[13:36] {strider} has the world stopped?

[13:36] {Threei} anf the Earth stood still

[13:37] {strider} LVS stop a over .60?

[13:37] {strider} or .58

[13:37] {Threei} yes

[13:38] {nemo} rimm vad?

[13:38] {nemo} s or l

[13:39] {Threei} n

[13:39] {Les} read on BIDU Vad?

[13:39] {nemo} look at order at .60 and .59 on rimm

[13:39] {Threei} joke?

[13:40] {nemo} bids

[13:40] {nemo} it's Les, Vad

[13:40] {Les} ?

[13:40] {strider} HOG won't start.

[13:40] {Threei} oh you are serious...

[13:41] {Les} ok I get it

[13:41] {Les} sorry

[13:41] {Les} wow it has a nice range though...

[13:42] {Threei} uhhu... and 60 cents spread

[13:42] {Les} CAT coming back into play?

[13:42] {Threei} and moves a full dollar in one bar

[13:43] {Threei} not unless it spends about 5 min more in the range

[13:43] {Les} k

[13:49] {strider} I must be doing something right, cause I got 3 open, and it sure is boring.

[13:52] {Threei} how does it translate into doing something right?

[13:53] {strider} exciting is bad/boring is good.

[13:54] {Les} this, from a man who rides a huge motocycle?

[13:54] {strider} that's supposed to be exciting. this isn't.

[13:55] {Threei} good point

[13:56] {Les} really? I don't need to jump out of planes now I have trading...

[13:56] {strider} however, in the middle of bragging about doing something right.....I do have 3 shorts open. This is probably not a good thing.

[13:56] {Les} am I doing something wrong?

[13:57] {Threei} hard to tell at this stage

[13:57] {Threei} but if you are still this unbalanced in a year - sure indication of doing everything wrong

[13:57] {dino} strider same here

[13:58] {dino} lo ngs tho

[13:58] {dino} longs

[13:58] {Les} joke vad joke.

[13:59] {strider} wanta throw in together, dino...maybe we can break even?

[13:59] {dino} lol

[14:00] {dino} fds to .89 all day

[14:00] {dino} out +.29 fds

[14:01] {Les} gj

[14:02] {dino} apol to .72

[14:02] {dino} rino to .30

[14:03] {dino} back to sleep

[14:03] {Les} where you finding these stocks dino?

[14:03] {Les} gotta scanner?

[14:03] {dino} posted this a.m.

[14:04] {dino} find them on scanners and leftovers from last weeik big movers

[14:04] {dino} usually i will play big movers for a few days of trades

[14:05] {dino} apol to .79

[14:05] {dino} out apol, +.28

[14:06] {dino} and then there was one...rino

[14:10] {strider} FDO theflyonthewall.com: Family Dollar named a sell Research Tactical Idea at Morgan Stanley

[14:10] {strider} Morgan Stanley expects shares to fall near-term. :theflyonthewall.com

[14:17] {nemo} rimm .91 break stop under .80?

[14:17] {magoo} fly o n the urinal more like it

[14:17] {dino} lol

[14:18] {ese} do do do do doooooo............talk about being out to lunch ....didn't even know i was logged out

[14:19] {Les} ROK

[14:19] {strider} stopped LVS

[14:20] {Les} Vad, X retesting .25 support? good for a long?

[14:20] {Threei} ?

[14:21] {Threei} I see it at high 30s

[14:22] {Les} yeh, I should've just gone long. It briefly returned to the b/o trigger

[14:22] {strider} don't like the looks of HOG

[14:22] {Threei} {HOG} well... I may not be very pretty... but you like bacon, don't you

[14:23] {strider} mmmmm.......good

[14:23] {strider} chart just looking like a long now.

[14:27] {dino} zzzzzzzzzzzzzzzzz

06[14:30] * strider slaps dino around a bit with a large Master Profit Plan

[14:30] {strider} just something to wake you up.

[14:31] {Les} SNDK?

[14:32] {Threei} rather up

[14:32] {Threei} but

[14:33] {Threei} see how there is just no movement anywhere?

[14:33] {fernp} XCO looks like long if breaks .65 (i think)

[14:34] {ese} eyeing bucy again

[14:42] {ese} vell....ve air meeking some ah deem dare moneys on de second 1/2 of moi fitb position

[14:43] {Les} MHS for a beautiful descending triangle

[14:43] {strider} stopped WLP..from a long time ago.

[14:43] {strider} 2 down, 1 to go.

[14:44] {ilana} HGSI

[14:52] {dino} rino to .59

[14:54] {Threei} ok ese

[14:54] {Threei} I tried 6 experts in 11 different languages

[14:54] {Threei} they all gave up

[14:55] {ese} out fitb .11 =}12

[14:55] {ese} +.12

[14:56] {ese} huh....languages for what

[14:56] {ese} ahhhhhhh my previous post

[14:57] {ese} in english i made 12pt on 10k

[14:57] {ilana} RIMM double bottom?

[14:58] {Threei} more or less... I'd prefer entry on pullback to .50

[14:58] {ilana} in .47

[15:00] {ilana} out .62

[15:00] {dino} stopped/out rino .59, +.24

[15:01] {strider} short HOG av. 79, stop b/e

[15:01] {ilana} ahh RIMM

[15:02] {ilana} pesky scalper regret

[15:02] {dino} ths slow rollover

[15:05] {strider} out 1/2 HOG +.11

[15:09] {dino} gj

[15:11] {strider} thanks, dino.

[15:11] {dino} np

[15:17] {Threei} ilana... no regrets anymore about exiting RIMM eh?

[15:17] {nemo} think .40 important level?

[15:17] {ilana} no... pesky scalpers win

[15:18] {Threei} {fern} they so do

[15:18] {Threei} not really nemo... will do whatever market does, RIMM won't have a mind of its own today

[15:23] {magoo} hey vad..look at SNS lol

[15:23] {magoo} reverse spit

[15:27] {Les} GLD setting up for a b/d?

[15:28] {strider} out HOG last half +.15

[15:30] {fernp} wtg

[15:32] {strider} thx fern. This is my best day thus far.

[15:33] {strider} Holding DEER overnight.

[15:33] {fernp} happy to know that :-)

[15:33] {strider} It's actually in swing trading acct.

[15:33] {strider} yeah:)

[15:33] {Threei} eeck

06[15:34] * Threei sells 100K SNS he had overnight

06[15:34] * Threei retires

[15:35] {strider} Three shares his good fortune with strider.

06[15:35] * Threei says resounding NO to all suggestions to share anything with anyone

06[15:35] * Threei reasures everyone present he knows no their names

[15:36] {strider} {-------sends some of his 'people

[15:36] {strider} to Vad's house.

[15:36] {Threei} good luck finding anyone at my house within next 15 minutes

[15:37] {Threei} anyway, strider, congratulations on a good trading day

[15:37] {Threei} things start clicking together gradually?

[15:37] {strider} thank you.

[15:37] {Threei} two winning weeks,

[15:38] {strider} well.......don't want to get too self-assured.

[15:38] {Threei} win today, when the market is so stalled

[15:38] {Threei} no

[15:38] {Threei} no need to rest on laurels

[15:38] {strider} ouch!

[15:38] {Threei} but gotta give improvement the ackonowledgment

[15:38] {strider} oh, yeah. It's a different world.

[15:39] {Threei} espousing eluciation doesn't come easy

[15:39] {Threei} but pays off

[15:39] {Threei} as eschewing obfuscation becomes easier

[15:39] {strider} Much of my improvement has come from trade management.

[15:40] {dino} affy

[15:40] {Threei} and where did the rade management come from?

[15:40] {dino} darn, distracted missed ths s

[15:40] {Threei} trade

[15:40] {strider} developing cold-blood.

[15:41] {Threei} there

[15:41] {strider} Staying with the plan.

[15:41] {Threei} and that comes from

[15:41] {dino} glad to see it strider

[15:41] {strider} believing in the system.

[15:42] {strider} or...just not giving a ***

[15:42] {strider} :)

[15:42] {Threei} all of that

[15:42] {dino} lol, "your edge" is the key

[15:42] {Threei} but the common root, or denominator for them all,

[15:42] {Threei} general underatanding of what market is, what trading is about

[15:43] {Threei} when it comes the rest becomes jujst details

[15:43] {Threei} see a deviation, correct it

[15:43] {Threei} and let the nature take its course

[15:43] {Threei} while your own behavior is structured in tune with it

[15:43] {dino} gotta hop early, son's b-ball game, cya

[15:43] {Threei} so it takes you with it

[15:43] {strider} see ya, dino.

[15:43] {Threei} take care dino

[15:44] {dino} :)

[15:44] {strider} After Xmas, I want to bump my shares a bit. Still not trading large enough to make a meaningful amount of money.

[15:45] {Threei} don't worry about it

[15:45] {strider} yeah.

[15:45] {Threei} when things align right,

[15:45] {Threei} it will happen by itself

[15:45] {Threei} You won't even think about it

[15:45] {Threei} simply start trading righgt

[15:45] {Threei} then everything will be so natural

[15:46] {strider} I think that's right, cause I've given myself permission to trade larger than I am.....but when the time comes, I scroll back on the shares.

[15:47] {Threei} let me give you a quick example

[15:48] {Threei} 2 months ago, were you trading in cold blood, calm and in control, or were you unbalanced, emotional and genetrally not in commander seat?

[15:48] {strider} not in control....

[15:49] {Threei} ok, now

[15:49] {Threei} if at that point

[15:49] {Threei} I'd telll you, or you'd tell yourself

[15:49] {Threei} hey, be calm, be cool, be in conmtrol

[15:49] {Threei} would it change anything?

[15:49] {strider} nope

[15:49] {Threei} of course not

[15:49] {Threei} why? and why it became possible now?

[15:50] {Threei} because at that point in time

[15:50] {ese} you all have a great rest of the day and i'll catch you tomorrow

[15:50] {Threei} and at that point of your tading career or learning curve

[15:50] {strider} see ya ese.

[15:50] {ese} st

[15:50] {Threei} take care ese

[15:50] {ese} vad

[15:50] {ilana} bye ese

[15:50] {Threei} you simply didn't have enough deeper understanding of the nature of the beast

[15:50] {Threei} but when this understanding become deeper

[15:51] {Threei} some issues started resolving seemingly by themselves

[15:51] {Threei} Not all of them found their resolution yet, sure

[15:51] {Threei} but this is the process

[15:51] {Threei} you can see it unfolding right in front of you

[15:51] {Threei} My task is facilitate it

[15:52] {Threei} yours - to coordinate with it, let it flow,

[15:52] {Threei} work on undersatnding step by step

[15:52] {Threei} in a year or so, new guy will come

[15:52] {Threei} express frustration

[15:52] {Threei} tell about how he can't seem to get any single day right

[15:53] {Threei} and you will suddenly realize that you were right there a year ago

[15:53] {Threei} and you are not there anymore

[15:53] {Threei} and you know what he is going through

[15:53] {Threei} and can tell him what to do next

[15:53] {strider} yep.

[15:54] {Threei} the only ones who don't get it right are those who can't ovecome their ego

[15:54] {Threei} they think they need to argue with me

[15:54] {Threei} as if I am here to prove soemthing to them

[15:54] {Les} godammit Vad, find me a trade!

[15:55] {Threei} yes sir

[15:55] {Threei} just a second sir

[15:55] {Threei} sorry sir

[15:55] {nemo} crm short les

[15:55] {Threei} or SNS long

[15:55] {Les} :P

[15:55] {Les} night all

[15:55] {fernp} bye Les

[15:55] {Threei} take care les

[15:55] {Les} I'll be the bugbear in your bed for the next two years at least vad...

[15:56] {Les} fly in your soup

[15:56] {Threei} ummm

06[15:56] * Threei puts machine gun next to his bed

[15:56] {Les} any any other expression of general nuisance that you can think of...

[15:56] {Les} ciao

[15:56] {Threei} I'll forgive you plenty under one condition

[15:57] {Threei} LEARN TO TRADE

[15:57] {strider} So, that's why you put up with nemo, huh?

[15:58] {Threei} that, and

[15:58] {ilana} have a nice evening, everyone

[15:58] {strider} night , ilana.

[15:58] {fernp} SOLF, i'm gonna hold some shares overnight. Let's see what happen

[15:58] {Threei} how do you say no to a guy who goes to the bar and returns with 3 (three) glasses of vodka?

[15:58] {strider} bwahahahahaha

[15:58] {Threei} take care ilana

[15:58] {Threei} true story strider

[15:58] {Threei} I have a photo

[15:58] {strider} And two of em are still full when he gets to the table?

[15:59] {nemo} witnesses too

[15:59] {Threei} all three are!

[15:59] {Threei} can you believe it?

[15:59] {Threei} I mean, two of us are drinking

[15:59] {Threei} and he brings three glasses?

[15:59] {strider} That's one thing. He could still carry three glasses of vodka.

[15:59] {Threei} this is my kind of people

[15:59] {nemo} then there was the JD

[15:59] {strider} juvenile delinquent?

[16:00] {Threei} lol

[16:00] {Threei} OK guys

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {nemo} It's from your neck of the woods Strider

[16:00] {Threei} see you tomorrow

[16:00] {strider} thank you vad.

[16:00] {nemo} P&Q

[16:00] {fernp} Good evening everybody

[16:00] {strider} Jack Daniels.

[16:00] {nemo} yeah, I came back with that on the 2nd round

[16:00] {strider} real whiskey.

[16:01] {strider} that, and George Dickel.

[16:01] {strider} Did they have assistants to get you to your room?

[16:02] {nemo} that was on the boat

[16:02] {strider} oh god.

[16:03] {strider} I got to take me wife to the grocery store. she got her car stuck in the yard in the snow. :(

[16:04] {Threei} yikes

[16:04] {nemo} what

[16:04] {Threei} long forgotten issue

[16:04] {Threei} snow

[16:04] {Threei} in yeards

[16:04] {Threei} yards

[16:05] {strider} my wife kind of forgot about it , too.

[16:06] {strider} I told her....don't pull into the grass and get stuck.

[16:06] {strider} So she decided to pull into the grass, but not get stuck.

[16:06] {strider} Didn't work.

Dec 18 2009

Not very active (what with multiple witching et all) day but profitable, mostly with scalps. That ends a week with 4 winning days out of 5

Dec 18 00:00:00 2009

[08:22] {Les} I embrace obfuscation with bottle of wine after trading every evening, but am otherwise agreed that elucidation is cool

[08:22] {Les} GM :)

[08:23] {Threei} oh good... we are on the same page then about both

[08:23] {Threei} obfuscation and elucidation

[08:25] {nemo} oil bumped up big

[08:25] {Threei} why?

[08:26] {Threei} oh I see

[08:26] {Threei} Iran

[08:26] {Les} $ starting to find it legs again

[08:26] {nemo} What are they doing now?

[08:26] {Les} what's the evil empire doing now?

[08:26] {nemo} that's us Les

[08:27] {Les} didn't feel need to clarify that Nemo. It's assumed

[08:27] {Threei} Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the east Maysan field in al-Fakah region, 450 kilometers south of Baghdad, Border Guard General Zaser Nazmi said. The Iranian forces positioned tanks around the well.

[08:27] {Threei} The border guards comments could not be immediately verified.

[08:27] {Les} haha US not willing to show them the door?

[08:28] {Threei} Iraq Deputy Interior Ministry: Denies reports that Iranian forces entered Iraqi territory

[08:28] {Threei} - Earlier this morning the Iraqi Interior Minister said that Iraq will clarify events at the Fakka oil field

[08:28] {Threei} ***Note that earlier unconfirmed reports claimed that Iranian troops "briefly" entered Iraqi territory on Thursday. - Fakka field operates 12 wells

[08:31] {Les} GLD consolidating with volume

[08:34] {Les} oops sorry, my bad. ignore last.

[08:37] {Les} out GLD +.10

[08:53] {Les} and again. nice b/d on GLD this morning

[08:54] {Les} HEY SLEEPY HEADS! IT'S WORK TIME!

[08:54] {Threei} yawn

[08:55] {nemo} spy at support

[08:58] {Les} doesn't look good for SPY on daily. nothing holding it up

[09:03] {Les} damn. big GLD b/d at 8:57. the wrecking crew are early this morning.

[09:06] {Threei} that was clean breakdown setup providing yo were willing to keep 20 cents stop

[09:06] {Threei} alternatively, short into bounce to .20 with stop above .30 was fine as aggressive entry

[09:14] {fernp} Good morning everybody

[09:14] {Les} gern

[09:14] {Threei} fern :)

[09:14] {Les} sorry fern

[09:14] {fernp} hi all

[09:14] {dino} gm all

[09:15] {Les} dino

[09:15] {Threei} dino :)

[09:15] {strider} morning everyone...

[09:15] {Les} st

[09:15] {Threei} strider :)

[09:15] {strider} back in Anatevka....

[09:16] {strider} trying to scratch out a simple tune without falling off the roof.

[09:16] {dino} back to the future

[09:17] {ese} morning

[09:17] {Threei} ese :)

[09:18] {ese} hey bad

[09:18] {ese} vad

[09:18] {Les} ese

[09:18] {ese} opps

[09:18] {ese} les

[09:20] {Les} found those keys on the keyboard ese? :)

[09:21] {dino} seno

[09:22] {dino} palm

[09:23] {ese} my goodness.......just saw the rimm news.....up 8pts ....

[09:23] {ese} yup.......at fingers les

[09:23] {ese} fat

[09:23] {Les} bitchin. heard from Cramer not to touch RIMM, but didn't think to watch it premarket

[09:24] {Les} beautiful ascending triangle

[09:24] {nemo} Cramer Contra-indicator

[09:24] {ese} always

[09:24] {nemo} saab going out of business

[09:24] {Les} no. just said that earnings is upon RIMM.

[09:25] {magoo} ko[wr

[09:25] {lasertrev} gm

[09:25] {Les} should have thought to watch it this morning

[09:25] {nemo} what about gm trev?

[09:25] {Les} trev

[09:25] {Threei} trev :)

[09:25] {lasertrev} i dont have one

[09:26] {lasertrev} they make lightbulbs

[09:28] {strider} CECO continuation (down)

[09:29] {magoo} was the ceco news THAT bad?

[09:29] {strider} CELG, PAYX, TTWO

[09:29] {Threei} mags :)

[09:29] {nemo} could lose accreditation, which would make their diplomas about as valuable as the dollar

[09:30] {Les} RIMM coming back to earth

[09:32] {dino} pot 110

[09:32] {Les} CECO bounce coming?

[09:32] {magoo} carefu;l

[09:32] {nemo} wow rimm

[09:33] {fernp} Quadruple Witching today

[09:35] {fernp} UUP halted

[09:36] {strider} decided to just cancel the dollar?

[09:36] {Threei} lol

[09:36] {nemo} I have it up .01

[09:37] {dino} same

[09:37] {dino} 322k sh

[09:38] {nemo} mmmhhh I have 313 k

[09:38] {fernp} SBAC interesting

[09:38] {nemo} crist T&S on RIMM is causing my screen to smoke

[09:39] {dino} 322,800

[09:39] {strider} TTWO strong

[09:39] {dino} i am from the future tho

[09:39] {strider} dinos are supposed to be extinct.

[09:39] {Threei} Short Setup: RIMM .35 break half lot

[09:39] {dino} not on other planets

[09:40] {Threei} if stays under .50

[09:40] {Threei} invalidated

[09:40] {nemo} ow

[09:41] {dino} pot more blood, down about 20 pts this week

[09:41] {magoo} ceco destroyed

[09:41] {Threei} back again

[09:41] {Les} what's with FCX?

[09:41] {Threei} maybe with .55 stop

[09:41] {fernp} SBAC 1:2

[09:42] {Threei} 1:1 in a hurry

[09:42] {Threei} and more

[09:42] {Les} ooh yeh

[09:42] {Threei} out

[09:43] {strider} my lvl2 2 was running behind T&S, missed it.

[09:43] {dino} 'snta

[09:43] {Les} fcx

[09:43] {nemo} strider, change your quote server to 17 or 18

[09:44] {strider} k. was on 20

[09:44] {nemo} when you see tht happen, change the quote server

[09:45] {strider} I do. thanks.

[09:48] {magoo} usually its a server wide issue

[09:48] {Les} fcx .80 trigger with 77 stop Vad?

[09:48] {magoo} u east coaste stripper?

[09:48] {strider} yep

[09:48] {strider} NC

[09:48] {magoo} its an EAST coaste problem

[09:48] {Threei} doesn't feel right les

[09:49] {Les} it is acting strangely...

[09:50] {Threei} Short Setup: RIMM .50 break half lot

[09:50] {Threei} if stays under .70

[09:52] {Threei} (IQ) Iraq Deputy Interior Minister: Around 11 Iranian soldiers crossed into Iraq, have not withdrawn

[09:52] {Threei} - Notes there have been several incursions into the area over the last several days

[09:52] {Threei} - Not presently mulling a military response to the situation, awaiting orders

[09:52] {Threei} - Seeking a calm response to oilfield incursion

[09:55] {strider} short CECO .50

[09:55] {Les} CECO not shortable at IB

[09:55] {nemo} sucks being you

[09:55] {dino} lol

[09:55] {magoo} maybe..maybe not..tbd

[09:56] {dino} tyy

[09:56] {dino} nah

[09:56] {Les} :P :P :P

[09:56] {fernp} WFC if breaks .20, Vad?

[09:56] {Threei} how did you know I jujst looked at it

[09:57] {fernp} cameras

[09:57] {Threei} most likely yes, fern, I'd just want couple more minutes of consolidation

[09:57] {nemo} rimm in concentric triangle

[09:58] {dino} mos hl l .50

[09:58] {Threei} looks good fern

[09:58] {fernp} in

[09:59] {fernp} stop above .30?

[09:59] {Threei} depends

[09:59] {ese} ok ...so i missed that conversation....why are udn and uup halted

[09:59] {Threei} .25 is possible too, for bigger size and "extreme scalping"

[09:59] {strider} out CECO +.08

[10:00] {strider} didn't do what I wanted.

[10:00] {Threei} "news dissemination" ese

[10:00] {ese} tks

[10:00] {dino} illusion es

[10:00] {Threei} lol

[10:01] {Threei} (SP) Spain to decide on winning bid for Madrid gas assets in next few days

[10:01] {Threei} fern... what are you guys doing over there...

[10:01] {fernp} I know nothing

[10:02] {magoo} are u calling WFC long?

[10:02] {nemo} what's the stop

[10:02] {Threei} no

[10:02] {magoo} i was confused

[10:03] {dino} mos stopped -.27

[10:06] {strider} NWBI opens at 10:30

[10:06] {strider} Northwest Bank

[10:06] {dino} fds sm l .95

[10:08] {strider} FactSet remains at premium despite sell-off yesterday, says Auriga

[10:08] {strider} Auriga believes FactSet shares continue to trade at an unsustainable valuation premium even after yesterday's sell-off. The firm keeps a Sell rating and $54 price target on shares following the company's weaker than expected Q1 results and guidance. :theflyonthewall

[10:11] {nemo} wfc looking like a breakout

[10:11] {Threei} FCX too

[10:12] {Threei} things are narfrow though

[10:12] {Threei} and RIMM forms right ranges direction wise but too wide risk control wise

[10:12] {Threei} look how that .50 break would have workesd

[10:13] {Threei} but stop would have to be not very reasonable

[10:13] {fernp} out WFC

[10:13] {nemo} stopped wfc

[10:15] {magoo} lomng fcx .13

[10:21] {magoo} out

[10:21] {Les} GLD

[10:21] {strider} short HOG .16 stop .hod

[10:22] {magoo} + dime

[10:23] {magoo} was waiting .37

[10:23] {fernp} SPY breaking lod

[10:23] {magoo} it mmade .31..sigh

[10:23] {magoo} good out before his pllbk tho

[10:23] {Threei} very

[10:24] {magoo} vads been giving me lessons on patting ones own back

[10:24] {Threei} just don't forget to warm up the arm

[10:24] {magoo} i knew i forgot something

[10:24] {magoo} ouch

[10:24] {Threei} that shoulder joint is vulnerable

[10:25] {Threei} and cuff rotator needs good lubrication

[10:27] {magoo} ya ya

[10:28] {Les} gg/auy bounce before b/d?. looking weak

[10:28] {nemo} cat near pivot, consolidation and break below .52 coul be good short

[10:28] {Threei} GG looks to me topping out on bounce

[10:32] {Les} short cat .46

[10:32] {nemo} support at .40

[10:33] {nemo} ad then .22

[10:33] {Les} ta

[10:33] {strider} short CAT /.50

[10:33] {nemo} cool

[10:34] {strider} stop .60

[10:35] {Threei} CAT is an interesting case here

[10:35] {Threei} you can keep a stop as for short,

[10:35] {Threei} but hold it for more on a profit side

[10:36] {Les} that would be nice will od

[10:36] {Les} do

[10:36] {Threei} ummm

[10:36] {Threei} I meant keep stop as for scalp

[10:36] {Les} I'll take .60 as stop

[10:36] {Threei} right

[10:37] {Threei} just above

[10:37] {fernp} HOV .05 Vad?

[10:37] {nemo} fcx

[10:37] {Threei} naaaah

[10:38] {Threei} this is a stock that will appply water torture to water torturers

[10:38] {fernp} ty

[10:38] {Les} lol

[10:38] {nemo} can't be worse than you

[10:38] {Threei} remember your yesterday's MU?

[10:38] {nemo} sorry

[10:38] {fernp} y

[10:38] {strider} whack the futs

[10:38] {Threei} HOV will make MU looking like ball of fire

[10:38] {fernp} lol

[10:40] {Threei} by the time MU puts pants and drags itself to the kitchen to make coffee, HOV may or may not stick its first leg from under the blanket

[10:40] {nemo} volumes high

[10:42] {Threei} UUP

[10:42] {Threei} NEW YORK--(BUSINESS WIRE)--DB Commodity Services LLC today announced that new creations of the PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) are temporarily suspended pending clearance and declaration of effectiveness of a registration statement for 240,000,000 additional shares by the US Securities and Exchange Commission, the Financial Industry Regulatory Authority and the National Futures Association. To manage exceptional investor demand for UUP, DB Commodity Services filed a registration statement for additional shares on Dec. 8, 2009.

[10:42] {Threei} Market Internals update at 10:30amET

[10:42] {Threei} - NYSE volume 768M shares, about 190% above its three-month average; advancers lead decliners by 1.3:1.

[10:42] {Threei} - NASDAQ volume 753M shares, about 41% above its three-month average; advancers lead decliners by 1.6:1.

[10:42] {Threei} - VIX index -1.5% at 22.13.

[10:42] {Threei} **reminder: volume is heavy today on quadruple witching of options and futures, and the index rebalancing occurring today.

[10:43] {Les} does christmas holidays begin for traders this afternoon?

[10:43] {nemo} fcx

[10:43] {nemo} sorry

[10:43] {ese} driving the kids to school....see you in an hour

[10:43] {Threei} it's a personal choice

[10:44] {Les} no, not us

[10:44] {Les} Wall St.

[10:44] {strider} stopped CAT

[10:44] {strider} +.13 HOG

[10:44] {Threei} http://www.nasdaq.com/about/schedule.stm

[10:44] {Threei} http://www.nasdaqtrader.com/Trader.aspx?id=Calendar

[10:46] {Threei} December 24 Early Market Close*

[10:46] {Les} does volume get even lighter than in recent days?

[10:46] {Threei} December 25 Christmas Day Closed

[10:46] {Threei} volume is quite decent today

[10:47] {magoo} wheres the RIMM boubnce boss?

[10:47] {Threei} from under 69

[10:50] {Threei} BBY

[10:50] {Threei} Best Buy Co Inc To offer free HTC Andriod ERIS phone to certain Best Buy Reward Zone members from Dec. 18 through Dec. 26 with 2 year contract

[10:50] {Threei} - The smartphone is retail priced at $99 with new two-year activation.

[10:52] {Threei} this should be last leg for RIMM mags

[10:52] {nemo} 68.20

[10:53] {Threei} .40, IMO

[10:53] {nemo} yeah,in that area

[10:55] {nemo} guess it's making a stand here

[10:57] {strider} scalpedd +.14 RIMM

[10:57] {fernp} ACI short 21 break, Vad?

[10:57] {nemo} nj

[10:59] {Threei} probably yes

[11:02] {ilana} RIMM +.27 ty magoo, vad

[11:02] {Threei} gj

[11:05] {magoo} nice..i hit it too

[11:05] {magoo} good read vad

[11:05] {magoo} ty

[11:06] {Threei} I really expected it to dive one last time under .50

[11:08] {fernp} 1:1 ACI

[11:09] {fernp} ty Vad

[11:09] {Threei} yup nice one

[11:10] {magoo} FCX vad..retarted

[11:12] {strider} RIMM making c&h......whatcha think, vad?

[11:13] {Threei} looks to me like short on 69 break rather

[11:13] {dino} s/p open gap fill

[11:14] {Threei} or long on .20 break

[11:14] {strider} POT ma be looking for a bottom.

[11:14] {Les} CAT

[11:14] {strider} thx

[11:15] {magoo} long IF mkt responds imo

[11:17] {Les} short fcx .70

[11:19] {Threei} covering RIMM

[11:20] {Threei} 1:1

[11:20] {Threei} Draft document from environmental summit: wealthy nations should reduce emissions by 80% by 2050

[11:21] {Les} half the coastline will be underwater by then

[11:21] {Threei} I agree, I won't live that long anyway

[11:21] {strider} no more beans for nemo.

[11:21] {Threei} 'cause Al Gore said so les? {G}

[11:21] {Les} who?

[11:22] {Les} no, greenland and arctic icesheets enough to do the job

[11:22] {magoo} well..we all dead 2012

[11:22] {strider} how can half the coastline be under water? It's all at the same level.

[11:22] {dino} lol

[11:23] {strider} The coastline is wherever it is.

[11:23] {magoo} pretty intelligent ..why u a stripper?

[11:24] {Threei} 'cause it's a smart thing to do?

[11:24] {strider} Philosopher in a former life.

[11:24] {strider} dino, whatcha think of POT?

[11:25] {Threei} some scientists argue that those parts of ice that are underwater won't impact water level when they melt, since they are already underwater,

[11:25] {magoo} POt was downgraded this morn

[11:25] {strider} DUH

[11:25] {magoo} could rot

[11:25] {Threei} and those are above waterline decrease pressure on the land when melt

[11:25] {fernp} BYD is a trap, Vad?

[11:25] {Threei} so it can rise keeping coastline on more or less the same level

[11:26] {strider} Whew!

[11:26] {Threei} hard to tell fern...

[11:26] {dino} not sure strider, bounce yes, but where

[11:26] {Threei} slow and narrow

[11:26] {strider} Prolly a short below 106.

[11:26] {strider} make magoo happy.

[11:28] {dino} lots of stuff destroyed this week

[11:28] {strider} HOG to the slaughter.........

[11:28] {strider} not that there's anything wrong with that.

[11:32] {strider} Here's some pics of my _notharley. http://www.vroc.org/view_profile.php?user_id=16183

[11:33] {Threei} cool!

[11:33] {Les} you a bikey gang member strider?

[11:33] {patience} very

[11:33] {fernp} HGSI dbi

[11:34] {strider} yeah, Les...you got a problem with that?

[11:34] {dino} lol

[11:34] {strider} :D

[11:34] {Les} lol

[11:35] {strider} We have people all over...to take care of business, ya know.

[11:35] {Les} Australia's passing laws against people like you

[11:35] {fernp} HGSI valid dbi, Vad?

[11:35] {Threei} sure

[11:35] {Les} CAT

[11:37] {magoo} is that u in pic?

[11:37] {Threei} lol...

[11:37] {Threei} can you imagine him posting pics of some random guy?

[11:37] {fernp} nice pics, strider

[11:37] {Threei} and for some reason showing them to us?

[11:38] {Threei} "hey, look at the guy I saw at the roadside"

[11:38] {Les} nice countryside

[11:38] {Les} I am so use to hearing america is this or america is that..

[11:38] {Les} quite refreshing to see it is beautiful as well

[11:39] {Threei} you are kidding Les

[11:39] {magoo} where was pic of stranger taken?

[11:39] {Threei} it's a stunning country

[11:39] {Les} yeh but all I read is about washington, wall st, people getting tossed out of their houses etc...

[11:39] {Les} quite depressing

[11:40] {Les} short CAT .80

[11:40] {magoo} STRIDER..why u blowing me off here?

[11:40] {strider} Appalachians are my home.

[11:41] {strider} Excuse me, magoo?

[11:41] {Threei} Les... just for one example, look up Yosemite National Park

[11:43] {magoo} np

[11:44] {Threei} reminds me how in USSR we were taught that all that is ahppening in USA is endless trikes by severely opressed working class, lynch mobs on the streets, hunger strikes, police fighting riots etc

[11:45] {strider} I thought you were ready to short POT on a break of low, mags.

[11:46] {Les} no I've seen enough wiki photos vad

[11:46] {Les} but background of every photo strider is in - very pretty

[11:47] {Threei} oh admit it... it's strider himself that lights landscape up

[11:47] {strider} ahem.

[11:47] {Les} yes very pretty too ;)

[11:47] {Les} fcx db?

[11:47] {Threei} there... I have the gift of goading people out of their closets

[11:48] {Les} :/

[11:48] {Threei} I'd bnunt for another break on it

[11:48] {strider} Les, here's some photos of my birthplace in east Tennessee. 4 season. http://www.elizabethtontennessee.com/

[11:49] {nemo} rimm break?

[11:50] {nemo} that would be yes

[11:50] {Threei} I think so

[11:50] {strider} what's the trigger?

[11:50] {nemo} stop was a bit wide

[11:50] {fernp} strider, you never short HOG, no? . is that a sacrilege? :-)

[11:50] {nemo} volume was right though

[11:51] {nemo} strider...you ride a Vulcan for crissakes

[11:51] {strider} I got no stake in HOG. Ride a Kawasaki.

[11:51] {dino} gut says rally coming

[11:51] {nemo} trigger was .30

[11:51] {strider} rewind.

[11:51] {Threei} ok, who wants to see a Big Bird with his carefully maintained vehicle?

[11:51] {nemo} is that your beer gut talking Dino?

[11:51] {Les} you mean sesame street?

[11:52] {strider} POT may be a little more interesting now.

[11:52] {Threei} I mean Raven

[11:53] {nemo} He hasn't clucked in this morning

[11:53] {fernp} i want to see it

[11:53] {Raven} lol

[11:53] {nemo} you marry your cousin Raven?

[11:53] {Les} let's have it Vad

[11:53] {Threei} http://realitytrader.com/vad/RAVEN.JPG

[11:53] {Raven} sure nemo

[11:54] {nemo} Edgar in the flesh

[11:54] {Threei} is it a spot I see you missed on the hood when washing?

[11:54] {fernp} nice car

[11:54] {Les} jeez I feel old when I look at my children

[11:54] {Les} young when I look at you guys

[11:55] {dino} meli sm l .23

[11:55] {Raven} lol ... that pic was taken in 1934

[11:55] {nemo} When did the Beetle come out?

[11:55] {nemo} wasn't until after WWII I think?

[11:56] {Les} ,no 1932 I think

[11:56] {dino} 60s

[11:56] {Les} Hitler unveiled first beetle

[11:56] {nemo} That early in Germany les?

[11:56] {Raven} sheesh ... lots of range there

[11:56] {nemo} No, Les might be right, it was available over there much earlier

[11:56] {nemo} The orignal "people's car"

[11:57] {ilana} in 1938

[11:57] {ilana} http://en.wikipedia.org/wiki/Volkswagen_Beetle

[11:57] {nemo} I was just gonna' say,, did you "wiki" it

[12:01] {Les} aggressive short of FCX .00 with .15 stop?

[12:01] {strider} Back in an hour.

[12:01] {strider} We got a little snow here this morning.

[12:01] {nemo} scalp it les

[12:02] {Les} too late

[12:02] {fernp} CEPH breaking .90

[12:02] {nemo} might be getting an inverted Dandruff formation on FCX

[12:07] {ese} i'm back

[12:07] {nemo} happy day

[12:07] {ese} lol

[12:08] {nemo} Suuuuunnnnny Day, Chasing the Cloooouuuuds awaaaaaay.....

[12:08] {nemo} oy

[12:08] {nemo} where are my meds

[12:08] {patience} ese is getting to you nemo

[12:08] {Threei} look at IMAX daily

[12:08] {Threei} patience... you sure you can tell who of them is getting to whome?

[12:08] {ese} worst week of the year for me to trade in......too many shows...too many concerts........,can't ocus in on the trade

[12:09] {ese} lol

[12:09] {fernp} 23 break is interesting

[12:09] {fernp} 13

[12:10] {nemo} scared me fern

[12:10] {ese} speaking of shows....patience and vad....the Vic High Band with John Gogo and former CBC personality Scott Walker are at St. Annes Academy tonight at 7:00pm

[12:11] {Threei} cool

[12:11] {ese} what ere ya up ta this evennin?

[12:12] {nemo} cat .25 long

[12:14] {Threei} will ask this gal ese

[12:14] {Threei} you know

[12:14] {Threei} one who runs my social life

[12:14] {Threei} are there tickets or entry by donation?

[12:15] {Threei} FCX dandruff formation works

[12:16] {ese} tickets are at the door.....but i'm not sure what they are?

[12:16] {Threei} well... I suspect my budget can handle it

[12:16] {Threei} just asking about mechanics of getting in :)

[12:17] {ese} the theatre/auditorium is on the west side of the building........there is parking over there

[12:20] {dino} gut had it

[12:22] {dino} fsys

[12:22] {dino} sm l .50

[12:23] {dino} mos moving, maybe pot follows

[12:31] {Threei} btw

[12:31] {Threei} watched Inglorious Basterds yesterday

[12:31] {Threei} fits ever Tarantino movie I was absolutely cold to

[12:31] {dino} good?

[12:32] {Threei} IMO... skip it safely

[12:32] {dino} hmmm

[12:32] {Threei} and I am a tarantino fan

[12:32] {dino} i watch burn after reading last week, horrible

[12:33] {Threei} out of my three most favorites movies,, two are his

[12:34] {Threei} tells you something about how much I like what he does... but this one is just...

[12:34] {Threei} not anywhere even close to anything he's done before

[12:34] {Les} no, I have that film still wrapped in plastic. Have I wasted my money?

[12:34] {Threei} well... these things are too individual

[12:34] {dino} you want to watch some stupid, funny stuff, get the american pie collection

[12:35] {Threei} let's set some bottom line les...

[12:35] {Threei} my favs, not necessary in a certain order:

[12:35] {Threei} Once Upon a Time in America

[12:35] {Threei} Pulp Fiction

[12:35] {Threei} Kill Bill

[12:35] {Threei} if you like these, you'll likely to be cold to Basterds

[12:36] {Les} no plot, no stirring dialogue?

[12:36] {Threei} there is a plot...

[12:37] {Threei} it's just not very interesting, not enfafing

[12:37] {Threei} engaging

[12:37] {Threei} no tension he usdually creates so masterfully

[12:38] {dino} i have to watch, it's a wonderful life again

[12:38] {Threei} almost all his films are gory, to this or that degree, but he manages to make it elegant

[12:38] {Threei} not much elegance here

[12:42] {ese} gotta go.......my appologies for not contributing much these.....it's the natre of being a musician at christmas

[12:42] {ese} cya

[12:42] {dino} cya es

[12:42] {Threei} take care ese

[12:43] {ese} these days....nature

[12:43] {fernp} bye ese

[12:43] {dino} no worries

[12:45] {magoo} AVIAWEV?

[12:46] {Threei} no...

[12:46] {nemo} what?

[12:46] {Threei} lol

[12:46] {nemo} new acronym

[12:47] {magoo} ask vad if any will evolve

[12:47] {magoo} victorious

[12:47] {Threei} oh boy

[12:47] {Threei} this is getting complicated

[12:47] {nemo} DILLIGAF!

06[12:47] * Threei slaps nemo around a bit with a large unanswered dcc

[12:47] {magoo} and it was too simplify

[12:49] {nemo} frick....missed rimm break

[12:49] {Threei} I didn't believe in it

[12:49] {Threei} still don't

[12:49] {nemo} what?

[12:50] {Threei} RIMM break

[12:50] {nemo} well, it's amost 1:2 already

[12:51] {nemo} the 200, and BB 13 crossed at that large candle

[12:51] {Threei} so what... I don't beluieve in it anyway

[12:52] {nemo} What...think they're voodoo or somethin'?

[12:53] {Threei} aren't they?

[12:53] {nemo} of course

[12:53] {nemo} as long as they work

[12:53] {nemo} where's that chicken?

[12:53] {nemo} no frickin' virgins for miles

[12:54] {Threei} you live in tiger woods neighborhood?

[12:54] {nemo} oh yeah, the waitress and the cougar

[12:54] {nemo} I haven't seen a crash and burn story like that since the NY Governor

[12:58] {nemo} fcx just hit support at .56

[13:01] {dino} out meli .67 ave, +.44

[13:01] {fernp} gj dino

[13:02] {dino} ty

[13:02] {dino} started slow

[13:02] {Threei} nice one

[13:03] {dino} fsys stopped, -.30

[13:08] {fernp} USB .15 break, Vad?

[13:09] {Threei} if you are willing to fight for 5 cents...

[13:09] {Threei} chart is right

[13:09] {Threei} just slow

[13:09] {fernp} I am willing to fight for 1 cent

[13:10] {Threei} lol... lowring your standrards aren't you

[13:11] {fernp} USB not followinf FAS FAS broke hod some minutes ago...

[13:13] {Threei} you have two cents

[13:14] {magoo} vwuematca?

[13:14] {fernp} offering at .20

[13:15] {fernp} out

[13:15] {Threei} cool

[13:15] {magoo} trans=vad, will u ever make a trade call again?

[13:16] {Threei} no

[13:16] {Threei} ever

06[13:16] * nemo slaps magoo around a bit with a large lead pipe cinch

[13:16] {strider} Oh, this is an interesting conversation.

[13:16] {Threei} I quit that... cold turkeyt

[13:17] {strider} OK. I'll start making the calls....send your checks to me every month.

[13:20] {ilana} will the mail ever get to Appalacheys (not sure about the spelling)

[13:21] {dino} pot lod

[13:23] {strider} yes, ilana. Mail comes by the train. Once a week.

[13:23] {strider} You go down to the station, and for a nickel,, they'll read your letters to you.

[13:24] {ilana} and read the cheques... nice

[13:24] {strider} just cash those at the general store.

[13:25] {ilana} vad is quite = agrees.. .

[13:25] {dino} ebix sm l .91 stop lod

[13:26] {Threei} I am generally very agreeable

[13:26] {strider} dino, that's the wierdest chart I've ever seen.

[13:27] {fernp} Vad, USB +.17 from my entry. I sold with +.05 UNFAIR!!

[13:27] {strider} Is this "find the popes in the pizza" contest?

[13:27] {Threei} why

[13:27] {Threei} it's fair

[13:27] {Threei} leave something for others

[13:27] {Threei} otherwise no one will come out tomorrow to play with you

[13:27] {fernp} yor are too good person

[13:27] {dino} lol strider, if you follow me you will see strange stuff

[13:27] {fernp} xMas

[13:28] {dino} holds low well, look at 5 day

[13:28] {ilana} on 5 min chart it makes more sence, strider

[13:28] {strider} big honkin' triangle?

[13:29] {strider} on 15 min.

[13:29] {dino} 5 day every day jubs to mid 45s

[13:29] {strider} yeah. 5min. is better.

[13:29] {dino} jumps

[13:29] {strider} that's sneaky.

[13:30] {dino} meli similar

[13:30] {Les} WFC 27 break?

[13:31] {Threei} I am torn on WFC

[13:31] {Threei} 27 break for long or .90 break for short

[13:31] {Les} cool

[13:31] {Threei} both look attractive

[13:31] {Threei} and volume fkattened out

[13:31] {Threei} so can't tell which is more likely

[13:32] {strider} QQQQ is very differnt from Spy today.

[13:33] {ilana} can you in laser define the volume color based on buying and selling?

[13:33] {dino} fsys lod

[13:33] {strider} no

[13:33] {strider} no, ilana.

[13:33] {ilana} shame... that would help

[13:34] {Threei} on T&S only

[13:34] {Threei} not on chart

[13:41] {strider} Just read the other day that you can link

[13:41] {strider} Esignal to Laser.

[13:43] {Threei} study showed bourbon causes worse hangover than vodka

[13:43] {nemo} makes sense

[13:44] {strider} potato water.

[13:44] {nemo} corn water, what's the issue

[13:44] {Les} if corn can make ethanol, little surprise it gives people headaches as bourbon

[13:44] {ilana} gotta go, have a great weekend

[13:44] {Les} ciao

[13:44] {Threei} have a great one ilana

[13:45] {strider} see ya, ilana.:)

[13:45] {fernp} bye ilana

[13:45] {strider} POT nice breakdown of consolidation.

[13:45] {Les} vad, partialled out at .85 on WFC from .90

[13:46] {Les} am I right thinking wfc gonna b/d again?

[13:46] {Threei} you 5 cents pickers, lol

[13:46] {Les} I've lost some big m oney tonight being greedy

[13:46] {Les} well, big money for me...

[13:46] {Threei} it nears 1:1

[13:46] {Les} here comes my 10 cents

[13:47] {Les} I stupidly let 1:1 in FCX go by for more profit and then turned it into big loss as it turned with market at midday. ouch!

[13:48] {Threei} wait

[13:48] {Threei} OK, you let 1:1 go

[13:49] {Threei} not good but

[13:49] {Threei} but more importantly:

[13:49] {Threei} how do you let it turn into BIG loss?

[13:49] {Threei} one thing is, after 1:1 is reached, stop goes to b/e

[13:49] {Les} oh, ok

[13:49] {Threei} and even if you refuse to do that (no good but),

[13:50] {Les} out wfc

[13:50] {Threei} worst case scenario it hits your original stop loss

[13:50] {Threei} which is what you were willing to risk from the get go

[13:50] {Threei} now, if you don't take that stop and let it go fyrther against you...

[13:51] {Les} yeh hit original stop loss, wasn't happy cause it was .20 cents.

[13:51] {Threei} that IS a problem

[13:51] {Threei} but it was your risk from the start

[13:51] {Les} don't like taking 20 cent loss...

[13:51] {Threei} if it's big risk for you, why do tyou take this kind of trades?

[13:51] {Les} not big risk, but losing pisses me off

[13:52] {Threei} ponder this over weekend:

[13:52] {Threei} you WILL lose while losing pisses you off

[13:52] {Threei} you will start making money when losing becomes part of routine

[13:52] {Les} yes and no

[13:52] {nemo} paradox of trading

[13:53] {Threei} if losses piss you off, it means one thing only:

[13:53] {dino} fsys sm l .51 last try

[13:53] {Threei} you don't have right approach to trading incorporated in your thinking

[13:53] {Les} I will start making money when I stop squeezing trades

[13:53] {Les} I exaggerate

[13:53] {Les} losing doesn't really piss me off

[13:53] {Les} perhaps its this market at present

[13:53] {Threei} I suggest you think about what I said

[13:54] {Les} squeezing trades that don't come good too often

[13:54] {Threei} and make up your mind

[13:54] {Threei} 'cause when you say

[13:54] {Les} then a good trade becomes a loss...

[13:54] {Threei} [13:51] {Les} losing pisses me off

[13:54] {Threei} and

[13:54] {Threei} [13:53] {Les} losing doesn't really piss me off

[13:55] {Les} yeh yeh

[13:55] {Threei} I find it a bit hard to produce sound advice {G}

[13:55] {Les} I need to have scalpers mind set when it is scalpers market

[13:55] {Les} Losing through expectatios and greed that aren't met in present market

[13:55] {Les} expectations

[13:57] {Les} will try typing up your trading mantras this weekend for a change of habits come 2010

[13:57] {Les} my own trading mantras, not yours...

[13:58] {Threei} right, why bother with mine

[13:58] {Threei} they are only working for me for the last 11 years

[13:58] {Les} you know what I mean

[13:58] {Threei} sure... but I can't resist temptation

[13:59] {Threei} realize this les:

[13:59] {Threei} whatever particular problem you are dealing at some particular moment isn't very important

[13:59] {Threei} they will come and go

[14:00] {Threei} general underlying principle is important:

[14:00] {Threei} your mental balance comes from the right philosophy

[14:00] {Threei} if you find yourself pissed off, whatever the cause is at the given moment,

[14:00] {Threei} it means something is imbalanced in your core approach

[14:01] {Threei} until you work out the general understanding what market is,

[14:01] {Threei} how it works,

[14:01] {Threei} what trading is,

[14:01] {Threei} what your place in the market is,

[14:01] {Threei} what role you play in trading,

[14:01] {Threei} how you interact with market

[14:02] {Threei} you will stumble onto reasons to get frustrated

[14:02] {Threei} reasons will change

[14:02] {Threei} frustration will remain

[14:02] {Threei} the closer you are to the right attitude about market, trading and yourself

[14:02] {Threei} the more balanced you are

[14:03] {Threei} and the better your trading is

[14:03] {Threei} think of this interesting phenomena:

[14:03] {Threei} beginners oftyen find the seciond and third part of TTR especially useful

[14:04] {Threei} as they mature as traders,

[14:04] {Threei} they come to conclusion that it's a first part of TTR that is most useful for them

[14:04] {Threei} part that talks about general understanding of what market is and how we interact with it

[14:06] {Threei} did I sucessfully put you all to sleep?

[14:06] {nemo} coma

[14:06] {strider} THat was good, vad.

06[14:06] * nemo slaps Les around a bit with a large razor wire wrapped 2X4

[14:07] {Threei} ty strider

[14:07] {dino} zzzzzzzzzzzzz

[14:08] {strider} I am now having periods of relative clarity, still interspersed with periods of cloudiness.

[14:08] {nemo} that's Alzheimer's

[14:08] {strider} This is my 2nd green week since I've been here.

[14:08] {strider} Not much. but something.

[14:08] {Threei} well, the sooner you eschew obfuscation

[14:09] {nemo} great tree-hugging lefty

[14:09] {Threei} while silmutaneously espousing elucidation

[14:09] {dino} out fsys .91, +.40

[14:09] {Les} I was looking forward to green week 1st time strider, but blew it today.

[14:09] {dino} fds to .25

[14:10] {dino} imo, most beginners try too hard

[14:10] {strider} That's easy to do....blowing a week with Friday excesses.

[14:10] {fernp} AKS if breaks 20, Vad?

[14:10] {dino} as patience would say, "be patient"

[14:10] {strider} And milk the papertrading for all it's worth.

[14:10] {Threei} same as they all are fern

[14:10] {strider} Just remember that real money will create a whole different set of emotions.

[14:10] {Threei} will work for a small move if market helps

[14:10] {Threei} chart is right

[14:11] {fernp} ok. thanks

[14:11] {Threei} les, last word on this by me:

[14:11] {dino} the end

[14:11] {Threei} what I typed above is 1000 times more valuable for your trading than 100 winning calls

[14:11] {Threei} lol dino

[14:12] {Threei} I stringly suggest you not to dismiss it as general blah blah

[14:12] {dino} :)

[14:12] {Les} ok. will delve into TTR for further nuggets of understanding this weekend

[14:12] {Threei} but embrace and espouse with ferocity

[14:13] {Threei} for a short version, just read the last chapter of part I

[14:13] {dino} les, study him, he will make a career for you

[14:14] {Les} now that's an idea.

[14:14] {Les} webcam feed from vad's workplace

[14:14] {nemo} cameras keep breaking

[14:15] {dino} radio joke

[14:15] {nemo} NO...not the radio joke!

[14:17] {dino} lol

[14:17] {strider} all right. the whip.

[14:19] {strider} So, these two irishmen walked out of a bar.

[14:19] {strider} ...........well, that COULLD happen.

[14:20] {nemo} Not really

[14:20] {nemo} They usually fall out

[14:20] {nemo} I'm half Irish by the way

[14:21] {strider} Me too.

[14:21] {strider} Other half, welsh.

[14:21] {nemo} Sicilian

[14:21] {strider} Had a friend visit Wales awhile back.......

[14:21] {strider} she came hope to report her surprise....

[14:22] {dino} fds to .35

[14:22] {strider} "there's a whole country of people who look just like you."

[14:22] {dino} lol fds, makes me think of animal house

[14:22] {strider} fds

[14:22] {strider} sorry

[14:23] {nemo} You mean when the Germans bombed Pearl Harbor

[14:23] {dino} irish here

[14:23] {nemo} Oh, downloaded "Boondock Saints" again the other night...great movie

[14:23] {dino} fds= fat drunk and stupid is no way to go thru life

[14:23] {nemo} well, alot of people do

[14:23] {dino} magoo's on a diet

[14:24] {strider} diet of steak and potatoes?

[14:24] {nemo} I'm on the seefood diet

[14:25] {strider} yes...you see food you eat it.

[14:25] {dino} lol

[14:25] {nemo} weight is not an issue for me

[14:25] {dino} he has tb (two bellies)\

[14:25] {strider} one that he wears, and one he keeps the food in..

[14:25] {nemo} He's got a rumen?

[14:25] {Les} .65 b/d in FCX vad?

[14:26] {Threei} yes

[14:27] {Les} in .85 stop

[14:27] {dino} out fds .45, +.50

[14:28] {dino} pot 105s

[14:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:28] {nemo} 106s

[14:29] {dino} ma rockin' today

[14:29] {strider} good trading

[14:29] {nemo} V also

[14:38] {Threei} I am not sujre I got it

[14:38] {Threei} you entered aggressively?

[14:38] {Threei} 'caue at the time of your "in" report it didn't trigger yet

[14:38] {dino} pot 105s again

[14:39] {strider} I forgot what that means, dino.

[14:40] {strider} 105s

[14:40] {strider} heading toward 105?

[14:41] {nemo} look at the sell orders at .50 in rimm

[14:42] {dino} lol, just got a call on that foreclosure bid i won in august. closing monday. the bank, gmac, found 3 additional liens that needed to be satisfied after i won the bid

[14:46] {Threei} so they have to eat it?

[14:46] {Threei} Just 34% Say Passing Health Care Bill is Better Than Passing Nothing

[14:47] {Threei} 43% Believe Tiger Woods Apologies Are Sincere

[14:47] {dino} strider, just that it hit the 105s we talked about hours ago

[14:47] {strider} thx dino......

[14:47] {Threei} 50% Now Say Global Warming Caused by Long-Term Planetary Trends

[14:48] {Threei} 66% Favor Smaller Government With Fewer Services, Lower Taxes

[14:49] {nemo} pot is dangerous

[14:50] {Les} FCX is not much better. Should have had a tighter stop. night all.

[14:51] {fernp} bye les

[14:51] {Threei} played it all wrong

[14:51] {dino} cya les

[14:51] {nemo} yeah, the obvious breaks have been stopped

[14:52] {fernp} [20:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:52] {Threei} aggresive entry should have been with .80 stop

[14:52] {Threei} and drop to .55 gave p;ratcially 1;2

[14:52] {Threei} to take agressive entry and widen stop - makes no sense

[14:52] {Threei} it eliminates one of main advantages of agressive entries

[14:55] {Threei} I never cared for Saab

[14:55] {Threei} but I am sad it's gone

[15:00] {dino} yeah 3i, they had to eat an extra $40k, nice title search

[15:01] {dino} missed your questions

[15:01] {Threei} and we wonder why they are insolvent

[15:02] {dino} i know, crazy

[15:02] {dino} brb

[15:04] {nemo} POTs inthe 105s again

[15:08] {magoo} WFc V

[15:09] {magoo} could RIP dangerous

[15:09] {magoo} could RIPPPPPP

[15:09] {magoo} V like 92

[15:09] {magoo} or not

[15:18] {dino} ebix to .89

[15:21] {magoo} thinking WFC 27.40 area..if we get lucky

[15:21] {Threei} too optimistic, imo...

[15:21] {magoo} V misbehaving

[15:22] {Threei} not enough time for such run

[15:22] {magoo} 27.27??

[15:22] {Threei} you'l be lucky to get 27.15

[15:22] {magoo} oh yes there is..could do it in last 10 minutes

[15:22] {magoo} humbly

[15:25] {magoo} spy could kill me plan

[15:26] {Threei} spies, they do that

[15:30] {strider} Got several inches of fine snow here....still coming.

[15:30] {Threei} yuck

[15:31] {strider} what a grump.

[15:31] {dino} we've been single digit temps this week, snow for couple weeks

[15:31] {dino} in mornings that is

[15:32] {strider} hardly been below freezing at night here. hanging around 30 now.

[15:32] {strider} stores probably had a run on bread and milk this morning..

[15:33] {dino} lol

[15:33] {strider} You'd think people eat nothing but bread and milk.

[15:33] {Threei} strange...

[15:33] {Threei} no steaks?

[15:33] {strider} Around here, vad, they're tied up in the back lot.

[15:35] {Threei} got it, lol

[15:35] {dino} have to leave early, son's basketball game at 4, taking ebix off here, +.04

[15:35] {nemo} cu dino

[15:36] {dino} broke my streak today, slight negative

[15:36] {dino} had 10 in row

[15:36] {nemo} how's your shoulder?

[15:36] {dino} ?

[15:36] {Threei} take care dino

[15:37] {dino} :)

[15:37] {nemo} ahhhhhh

[15:37] {strider} see ya,

[15:37] {Threei} 4 winning days out of 5 this week

[15:37] {dino} gj, same

[15:37] {dino} still running lignht tho

[15:37] {Threei} obfuscation be damned

[15:37] {Threei} long live elucidation

[15:44] {Threei} OK guys, let's have a good weekend

[15:44] {Threei} see you all on Monday

[15:44] {nemo} P&Q

[15:45] {strider} yes

[15:45] {strider} ditto

[15:45] {Threei} congratulations strider

[15:45] {Threei} on things getting on firmer footing

[15:45] {strider} oh, thanks.....small progress.

[15:45] {strider} consistency.

[15:45] {strider} No exciting trades this week. :)

[15:46] {Threei} good

Dec 17 2009

Very nice day with almost total frog eradication. I'd call it Midas day.

Session Time: Thu Dec 17 00:00:00 2009

[08:18] {Les} GLD prsented nice short but jumped straight over my offer.

[08:18] {Les} GM all :)

[08:18] {nemo} what's Les short for?

[08:18] {Les} Lesbian

[08:18] {Les} back in high school

[08:18] {Les} nowaday's its Leslie

[08:19] {nemo} as in Nielsen

[08:19] {Les} I exist as an individual being Nemo

[08:19] {Les} as in Leslie Robinson

[08:20] {nemo} {Les} I exist as an individual being Nemo...do you understand what an existential nightmare that is?

[08:20] {nemo} Hi Raven

[08:20] {Les} crap GLD just back tested my trigger price and I wasn't watching

[08:20] {Les} and look at GLD goooooooo

[08:21] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:21] {Threei} - Expectations for initial claims are 465K v prior release of 474K (range seen from 450K to 475K)

[08:21] {Threei} - Continuing claims seen at 5.170M v prior 5.157M (range seen from 5.000M to 5.300M)

[08:22] {Threei} Les, what was your short trigger for GLD?

[08:22] {Les} the US is still shedding 400+ thousand a month? incredible.

[08:22] {Les} .60 with .70 stop

[08:23] {Threei} hey

[08:23] {Threei} good one

[08:24] {Les} price and volume baby, price and volume. I like this game

[08:24] {Threei} well, and chart configurations

[08:25] {Threei} this is clean nice setup

[08:25] {Les} doesn't the price and volume create the chart setup?

[08:25] {Threei} sure

[08:25] {nemo} look at amzn and rimm

[08:25] {Threei} they create everything

[08:26] {Les} I was going to say it all comes down to price and volume, but realise that is not true

[08:26] {Threei} it's just that these formations on the chart is easiest way to visualixe

[08:26] {Threei} and see the setup forming

[08:26] {Threei} also there is a pace

[08:26] {Les} price and volume must move in such an arrangement so as to create viable setup

[08:26] {Les} and pace as well

[08:26] {Threei} with is a function of volume in time

[08:27] {Les} volume in time?

[08:27] {Threei} 1K shares in 1 second and 1K shares in one minute is very different pace

[08:28] {Les} ah ok

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 465KE; CONTINUING CLAIMS: 5.186M V 5.170ME

[08:31] {Threei} at this rate, how long before no one is working?

[08:32] {strider} and you'll have 5 million daytraders in the room.

[08:32] {Les} lol

[08:32] {Threei} yeah but

[08:32] {Les} that's what I call competitive workplace environment

[08:33] {strider} read FDX vad?

[08:34] {Threei} no read

[08:34] {strider} k

[08:34] {Threei} not enough base for reading anything yet on it

[08:34] {Les} .25 b/d on GLD might be in the works. larger stop this time

[08:35] {Threei} C is chewing through taxpayer's money with ferocity deserving better use

[08:36] {nemo} you mean, taxpayer toilet paper

[08:36] {Les} destructive capitalism

[08:36] {Threei} capitalism?

[08:37] {Threei} where do you see capitalism in that

[08:37] {Threei} if it were capitalism, C would have been bankrupt long ago

[08:37] {nemo} Les, capitalism in the US stopped with the institution of the FED and the income tax in 1913

[08:38] {Les} was playing with the popular description of capitalism

[08:38] {Les} capitalism makes things and breaks things down

[08:38] {Les} destructive capitalism is supposed to be a good tenet of the system

[08:38] {Les} but this "destructive capitalism" is exactly that - destructive

[08:39] {Threei} this whole mess, against popular opinion, is totally creatiion of deviation from capitalism

[08:40] {Threei} watch your GLD,

[08:40] {Les} happily for the oligarchs not too many people understand what capitalism is hey?

[08:40] {Threei} it may give you tighter stop

[08:40] {Threei} no, not many

[08:40] {Threei} too many really think it is a capitalism failure

[08:40] {Threei} just look at Moore

[08:41] {Threei} but then again... look how many think if developed country transfer all their wealth and industrial base to the third world countries, climate becomes better

[08:42] {Les} really?

[08:42] {Les} haven't heard that one

[08:42] {Threei} isn't it what is happening in Copenhagen?

[08:42] {Threei} "climate justice"?

[08:42] {Les} oh right. haven't been watching it

[08:42] {Threei} do if you want to be shell shocked by

[08:43] {Threei} umm

[08:43] {Threei} well, pretty much by everything

[08:43] {Threei} lol

[08:43] {Les} saw it covered on news when G8 in Geneva. Looting, rioting blah blah blah

[08:44] {Threei} wow GLD

[08:44] {Threei} typical example of when you don't want to enter on your trigger

[08:44] {Threei} tell me why?

[08:44] {Les} jumps straight over trigger

[08:46] {Les} sorry, didn't see your question

[08:47] {Les} doesn't consolidate prior to setup trigger. increased volatility. I guess directional movement is less predictable

[08:47] {Threei} plus sharp move into trigger

[08:48] {Threei} and sharp moves often produce snapback

[08:48] {Threei} so triiger becomes a trap

[08:48] {Les} ok

[08:54] {Threei} returned into trigger zone on drying up volume

[08:54] {Threei} good chance of drop from here

[08:54] {Threei} it's premarket, these things are less pronounced

[08:54] {Threei} but good for observation... as a, umm, teachable moment

[08:58] {ese} morning

[08:58] {Threei} ese :)

[08:58] {Les} hey ese

[09:00] {nemo} Your Dudeness

[09:01] {ese} hey les

[09:01] {ese} dude

[09:02] {ese} sorry was off getting a coffee

[09:02] {ese} and a hypodermic needle to inject it in with

[09:03] {nemo} why don't you just use a butterfly catheter, only have to change it twice a week, "les" holes in your arm

[09:03] {Les} I've already withdrawn from daily high and am now coming down with red wine...

[09:03] {Les} belt up nemo

[09:04] {strider} good morning all

[09:04] {strider} watching FDX, HOG

[09:04] {nemo} frickin' optimist

[09:04] {Threei} strider :)

[09:05] {strider} Sir:)

[09:05] {ese} st

[09:05] {strider} ese:)

[09:10] {magoo} morn

[09:10] {ese} nemo what were the 2 dollar symbols you gave me a few weeks back UUP? UUD? lost those 2 with computor change over

[09:10] {Threei} magoo :)

[09:10] {ese} mags

[09:10] {magoo} man, FSLR popped afterhrs to 145

[09:10] {magoo} gave all back

[09:11] {dino} gm all

[09:11] {ese} i've tried to trade that stock mags......nightmare

[09:11] {Threei} yesterday's Frank - Paul fight was disappointing - they agreed with each other on almost everything

[09:11] {strider} dino:)

[09:11] {Threei} excpet CRA

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:15] {magoo} i actually got lucky, shorted 143 covered 140 somewhere

[09:15] {magoo} when i closed up it was 141.40

[09:15] {ese} nice......hard stock to trade.....good on ya

[09:16] {magoo} best to play extremes on it

[09:16] {fernp} Good morning everybody

[09:16] {magoo} but ive been struggling with this mkt of late

[09:16] {magoo} no follow thru

[09:16] {Threei} fern }:)

[09:16] {larisa} gm :)

[09:16] {magoo} dimes or death it seems

[09:17] {Threei} larisa :)

[09:17] {ese} laris

[09:17] {strider} Vad, now a read on FDX?:)

[09:18] {Threei} chart wise .40 break for short

[09:18] {Threei} but you see how thin it is?

[09:18] {strider} yeah

[09:18] {Threei} its move within its natural volatility can exceed its range width

[09:23] {dino} fdx, high 85s imo

[09:23] {magoo} your buddy farley thinks today is a climax day vad, a "oops there it was" day...and in breakout RALLY terms

[09:23] {dino} hog downgrade target 23, gs

[09:24] {nemo} rimm sitting at support

[09:24] {dino} gap around 84.60

[09:25] {Threei} mags, as in break and up from here?

[09:25] {dino} up

[09:25] {larisa} Alan thinks up because consolidating without selling for so long?

[09:27] {Threei} strider

[09:28] {Threei} see how untradable it is?

[09:28] {dino} dino, has no idea, will p;ay whats given to him

[09:28] {strider} yeah

[09:28] {Threei} OK guys

[09:28] {Threei} let's be a bit more mellow

[09:28] {Threei} holiday trading

[09:29] {Threei} no good comes out of pushing

[09:29] {Les} has begun today?

[09:29] {Threei} better sit, patiently wait for something easy to pass by

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {Threei} NVDA is trying again

[09:31] {Les} volume has returned to GLD upon most recent breakdown

[09:31] {magoo} watch FCX vad

[09:31] {strider} KRA IPO trading

[09:31] {dino} esrx getting some back

[09:32] {Threei} Long Setup: NVDA .10 break

[09:32] {magoo} in

[09:33] {ese} ndsn.....dino

[09:33] {fernp} stop under .17 , no?

[09:33] {Threei} yes

[09:33] {ese} 3.5 gap dn

[09:34] {dino} misses

[09:34] {Threei} .90 makes sense if you want to stay in for a longer move but I just can't bring myself to keep such wide stop

[09:34] {dino} gap around 50.20

[09:34] {Threei} not these pre-holiday days

[09:35] {magoo} WOW RIMM vad

[09:35] {Threei} wow is right

[09:35] {dino} ndsn, miss not too bad, guidance ok, imo

[09:35] {Threei} ok NVDA

[09:35] {Threei} now or never

[09:36] {Threei} aaalmost there

[09:36] {nemo} out 1:1

[09:36] {Threei} half out

[09:36] {fernp} ty

[09:36] {Threei} still want something more out of it

[09:36] {magoo} ,34 im thinking

[09:37] {Threei} thinking?... what a novel concept... I gotta try it some day

[09:37] {nemo} don't hurt yourself

[09:37] {Threei} I promise to be careful

[09:37] {ese} just lookin at that dino ...am thinkin the same thing

[09:37] {Threei} 2 hours of drinking per 1 minute of thinking

[09:37] {Threei} US) Senator Dodd: Reiterates he will vote in favor of re-nomination of Fed Chairman Bernanke

[09:37] {dino} esrx ballistic

[09:37] {ese} might try L sm at .50

[09:38] {Threei} offering 1/4 more NVDA just above .30

[09:39] {Threei} good girl

[09:39] {Threei} out 1/4 more .31

[09:39] {ese} bstop ndsn 54.50 sm

[09:40] {magoo} out NICE vad

[09:40] {magoo} .31

[09:40] {Threei} wtg

[09:41] {magoo} AONE vad

[09:41] {ese} esrx....whoever got in at 82.60.....good on em

[09:41] {Threei} AONE CEO: The JV with SAIC is a significant milestone - CNBC (20.00, +1.68, 9.17%)

[09:42] {Threei} 4:01:20 AM

[09:42] {Threei} A123Systems Forms JV with SAIC Motor to tap growing Chinese market for hybrid electric & pure electric vehicles

[09:42] {Threei} - Entering into a joint venture with SAIC Motor Co. Ltd, a leading automaker in China. The focus of the joint venture is to develop, manufacture and sell complete vehicle traction battery systems for use in hybrid electric and pure electric passenger vehicles and heavy duty truck and bus applications in the People's Republic of China, the largest and fastest growing automotive market in the world.

[09:42] {Threei} out NVDA in full

[09:42] {Threei} .44

[09:43] {Threei} +.32

[09:43] {Threei} surprizingly easy trade

[09:43] {Threei} (US) Senator Shelby: Opposes second term for Fed Chairman Bernanke

[09:43] {Les} FCX

[09:46] {ese} L ndsn .45

[09:46] {ese} wow great fill

[09:47] {nemo} what...you buy the whole float?

[09:48] {dino} gef, bunch of directors added shares 12-15, 54

[09:48] {ese} don't usually get filled lower than bstop

[09:48] {dino} kss coming into 2 month support

[09:48] {ese} ndsn stop to break even

[09:48] {ese} .45

[09:49] {dino} pot blood

[09:49] {dino} fdx hits high 85s

[09:50] {Les} fcx .90 b/d with .05 stop?

[09:50] {Threei} AONE...

[09:50] {Threei} trying to turn into momo

[09:50] {magoo} in

[09:51] {Threei} looks good les

[09:51] {Les} ty AONE took .10

[09:51] {magoo} 22

[09:51] {dino} stec es

[09:52] {ese} will check that out

[09:52] {nemo} aone looking weak

[09:53] {ese} that was bound to happen

[09:53] {Threei} FCX 1:1

[09:53] {Les} ty out

[09:53] {Threei} gj

[09:53] {Les} this is better than holiday shopping...

[09:53] {Threei} things become much clearer eh Les

[09:54] {ese} .15 spread on this ndsn.....makes it hard to sell it

[09:54] {dino} gj

[09:54] {dino} where you in?

[09:55] {ese} i'm thinkin it should make it above 55

[09:55] {ese} .45

[09:55] {dino} gj, i wanted re-test area, not in

[09:55] {dino} rino, maybe today gap fill

[09:56] {dino} lod's

[09:56] {nemo} fcx foring tight range

[09:56] {dino} whoosh down coming, gut says

[09:56] {ese} out ndsn .86 +.41

[09:57] {dino} wtg

[09:57] {dino} dji, -120 area

[09:57] {ese} ya look at it

[09:58] {Threei} dino's gut was right

[09:58] {dino} wow

[09:58] {dino} xmas cookies 3i, great insight

[09:58] {nemo} 1/2 out fcx .45 shrot from .70

[09:58] {Threei} got it, ty for the tip

[09:59] {dino} rino gap filled

[09:59] {Threei} great job nemo

[09:59] {Threei} wow... who would have thought I'd ever say that

[09:59] {ese} back in 10

[09:59] {dino} wtfg nemo

[09:59] {Threei} lol dino

[10:00] {Threei} I realize it's a fat finger case but what an appropriate insertion of f

[10:00] {dino} :)

[10:00] {Threei} *(US) NOV LEADING INDICATORS: 0.9% V 0.7%E

[10:00] {Threei} DEC PHILADELPHIA FED INDEX: 20.4 V 16E

[10:00] {fernp} FITB, ese

[10:01] {Threei} Treasury's Allison: Goal of TARP stakes was not to make money, govt wants to exit TARP as soon as possible

[10:01] {Threei} (US) Moody's changes outlook on US homebuilding industry to Stable from Negative

[10:01] {Threei} - suggesting that the bottom has been reached for the sector.

[10:01] {Threei} - Housing starts, new home sales and existing home sales are all showing positive trends

[10:01] {Threei} - home affordability is at its strongest in many years.

[10:01] {Threei} - Joseph Snider, Moody's Vice President - Senior Credit Officer, stated that the U.S. government's support for the sector remains a critical source of strength. A premature removal of government backing, Snider said, would put the industry's outlook at considerable risk of returning to negative

[10:04] {nemo} sorry too fast scalp for 30 on rimm

[10:05] {larisa} short?

[10:05] {nemo} yes

[10:06] {larisa} washed 63 stops powerfully

[10:06] {nemo} break of .40

[10:06] {Les} FCX

[10:08] {nemo} look to short at .44

[10:08] {nemo} fcx

[10:08] {nemo} cat break of .50 short

[10:08] {Les} already in. starting to think of it as daytrade

[10:10] {strider} long PAYX .09 stop .00

[10:11] {dino} gef sm l .25

[10:11] {dino} thin

[10:11] {Threei} wow... look at NVDA exit

[10:11] {Threei} 4 cents under day high

06[10:11] * nemo slaps Threei around a bit with a large piece of his dislocated right arm

[10:12] {Threei} what a wierd case of self-mutilation

[10:13] {nemo} well, you pat yourself on the back so often, it was just hanging by a thread anyway

[10:13] {dino} uthr

[10:14] {Threei} often?

[10:14] {Threei} this is first time today

[10:14] {Threei} which means I had an urge 5 times and resisted it 4

[10:15] {nemo} that's if I believe you

[10:15] {Threei} and btw,

[10:15] {Threei} I even complimented your trading

[10:15] {Threei} which took all my physical and mental strength

[10:16] {Threei} 09:59] {Threei} great job nemo

[10:16] {Threei} [09:59] {Threei} wow... who would have thought I'd ever say that

[10:16] {strider} long gef .24

[10:16] {nemo} missed it

[10:16] {Threei} of course

[10:16] {nemo} in payx, thanks strider

[10:16] {ese} back

[10:17] {strider} I'm offering at .20

[10:17] {fernp} out FITB +.10

[10:17] {Threei} strider... you realize that for all your complaining about fast stocks, you are picking quite thin ones to trade?

[10:17] {magoo} he prefers to be addressed STRIPPER vad

[10:17] {strider} in some cases, yes.

[10:17] {Threei} not that there is anything inherently wrong with that

[10:18] {Threei} just want to make sure you do it consciously

[10:18] {strider} out PAYX +.11

[10:18] {fernp} gj

[10:18] {Threei} mags, he can apply for nick change if so...

[10:18] {strider} yes....trying to find comfortable bottom entries.

[10:19] {dino} as a stripper should

[10:19] {Threei} rofl

[10:19] {dino} lol

[10:20] {nemo} see that bloc sell at .23 on payx 1000

[10:21] {magoo} u are comfortable with your bottom stripper?

[10:21] {fernp} BAC on lows

[10:21] {nemo} nice payx stripper

[10:22] {strider} not trading large enough t partial out on these, though.

[10:22] {dino} sm l kss .75

[10:22] {nemo} if payx gets through .37 look out

[10:23] {Les} WMT

[10:26] {ese} i'm gonna join you dino bstop kss .80 sm

[10:26] {nemo} stopped last payx .21

[10:26] {dino} es, your bstop is trigger?

[10:27] {ese} yes

[10:27] {dino} ok, i enter differently, my bstops are used on shorts

[10:28] {ese} it touched .80 i'm long .797

[10:28] {nemo} no tighty whiteys?

[10:28] {ese} decent fills on bstops

[10:29] {nemo} look at nvda now

[10:29] {Threei} beautiful

[10:29] {Threei} cristmas tree formation

[10:29] {dino} i see, never tried it

[10:29] {ese} nemo? what was that dollar tracking stock....or stocks?

[10:30] {dino} learn something every day

[10:30] {nemo} cat might be a short from hear on this pull back, next stop 57.10

[10:30] {Threei} UUP?

[10:30] {strider} bid holds at.30 GEF

[10:30] {strider} now up

[10:30] {dino} uup es

[10:30] {ese} tks....whats the other one.....i think there were 2

[10:30] {dino} 2x's

[10:31] {dino} udn

[10:31] {dino} 2x's short

[10:31] {strider} offer GEF .47

[10:31] {ese} tks

[10:31] {dino} i refer to the 2x and 3x as crack

[10:33] {nemo} that was interesting buying in payx

[10:35] {ese} stopped kss.65 -.15

[10:36] {Threei} AIG

[10:37] {Threei} 20 cents range between .40 and .60

[10:37] {strider} out GEF .38

[10:37] {strider} +.14

[10:37] {Threei} half lot play on range break looks plausible

[10:37] {Threei} wtg strider

[10:37] {Threei} finding your game step by step, eh

[10:38] {dino} gj strider, i'm still in, want .90s

[10:38] {strider} flying under the radar...not getting best yield..

[10:38] {Threei} well, does this week feel different from last one?

[10:38] {strider} yeah dino, my big problem right now is premature evacuation.

[10:39] {Threei} nemo, not a word

[10:39] {dino} trail hard stops

[10:39] {strider} absolutely, vad.........

[10:39] {Threei} great

[10:39] {strider} good idea, dino. I'll work on that.

[10:39] {dino} but is something catching your eye "(edge)?

[10:39] {Threei} means nexzt step is made

[10:39] {nemo} what?

[10:40] {Threei} means no mental block anymore that keeps you locked in repeating same thing that doesn't work

[10:40] {strider} things that weren't working last week are working better now.

[10:40] {larisa} lol

[10:40] {Threei} that's because it's different things

[10:40] {strider} I get in a funk if I start out with a loser.

[10:40] {dino} ahhh lari

[10:40] {strider} Haven't done that this week.

[10:40] {nemo} fcx short .30 break

[10:41] {Threei} les nailed a few good setups too

[10:41] {strider} yep.

[10:41] {strider} congrats Les

[10:41] {Threei} unthnkbale for him himself just a few short weeks ago {G}

[10:41] {Threei} and nemo, sheesh... I actually complimented his trading today... I am still shell shocked

[10:42] {dino} nemo is in the zone

[10:42] {nemo} glad I missed it....would have fallen off the chair

[10:42] {strider} need to wash your mouth out with soap, vad.

[10:42] {Threei} no kidding

[10:42] {magoo} better than a poke in the ass, oops, er um, EYE

[10:42] {nemo} vodka is just as good a disinfectant

[10:43] {nemo} JANITOR!

[10:43] {Threei} if it goes this way, during my week in Bahamas you'll find out you don't need me

[10:43] {strider} that's what I was thinking.

[10:43] {Threei} and upon return I find my room access withdrawn

[10:44] {dino} he's on to us

[10:44] {nemo} when you trade down there, you logging into the room?

[10:44] {strider} I'm still waiting for _notvad to show up.

[10:44] {dino} i smell a rat

[10:44] {Threei} lol

[10:44] {nemo} that's magoo next door dino

[10:45] {strider} nemo, what kind of humongous stop you put on FCX ?

[10:45] {nemo} haven't taken it yet but looks like .45

[10:46] {dino} ag's beat up, mon, mos, pot, etc

[10:47] {dino} rino sm l .83

[10:47] {dino} scanners solid green, fwiw

[10:50] {ilana} things seem still random today?

[10:50] {magoo} RIMM bounce

[10:51] {ese} nahhhhhhhhh ....for a brief moment there i was thinking about 5k of kry.........could it bee that i'm going temporarily insane

[10:51] {dino} indeed

[10:51] {magoo} mkts bouncing

[10:51] {Threei} opening was good ilana

[10:52] {Threei} Long Setup: WFC 26 break

[10:52] {dino} hmmm, i had the exact reverse impression ilana

[10:52] {Threei} if stays above .90

[10:52] {nemo} cat. .43 break if above .35

[10:54] {Threei} nemo, notice big offer there

[10:54] {nemo} volume not confirming yet

[10:54] {nemo} yep

[10:54] {Threei} amazing how often they coinside with chart resistance

[10:54] {nemo} frickin metaphuysical

[10:56] {Threei} WFC 1:1

[10:56] {fernp} ty

[10:57] {Threei} CAT 1:1

[10:57] {nemo} yep

[10:57] {Threei} frogs eradication

[10:59] {nemo} rimm interesting sitting on 200 period ma

[11:01] {nemo} took the scalp just above 1:1 lunchtime comes early

[11:02] {ilana} wake up, AIG

[11:02] {ese} it's been a while since we've had a really cool word......"metaphuysical".....i like it

[11:02] {nemo} ty

[11:03] {ese} your welcome

[11:04] {strider} PAYX

[11:04] {nemo} by the way, I took the scalp because cat hit a pivot resistance

[11:06] {strider} l PAYX .04, stop below 31.00

[11:10] {strider} spy heading south

[11:16] {strider} stop to b/e PAYX

[11:17] {Threei} ilana, you in AIG short?

[11:17] {ilana} no, why

[11:17] {ilana} in HIG .76

[11:18] {Threei} 11:02] {ilana} wake up, AIG

[11:18] {Threei} thought it meant you were in

[11:18] {ilana} i was

[11:18] {Threei} so wanted to provide some running comment

[11:18] {ilana} please, on HIG too

[11:19] {Threei} lol, I don't have any on HIG

[11:19] {ilana} out btw, don't like anymore

[11:20] {Threei} les fell asleep I guess

[11:20] {fernp} MS lod

[11:21] {ilana} what was the comment on AIG, Vad?

[11:22] {Threei} to trail stop to above .50

[11:22] {ilana} ok

[11:22] {nemo} sneaky volume increases in rimm over last 10 minutes

[11:23] {strider} stop oujt +.02 PAYX

[11:23] {ilana} to which direction, RIMM

[11:24] {nemo} which one of us dumbasses forgot to look at deck?

[11:24] {nemo} not sure ilan

[11:24] {nemo} ilana

[11:24] {nemo} having said that, a .20 spread- ALL DINO!

[11:24] {larisa} i did not, no volume though DECK

[11:25] {larisa} plus what you said

[11:26] {patience} .

[11:27] {ese} i knew you wern't away.......

[11:29] {patience} :)

[11:29] {strider} PAYX new lod

[11:29] {fernp} MS short .54 stop above .60

[11:29] {patience} i am waiting for a turn up in hgu...usually turns around 10:30 our time

[11:30] {strider} hgu?

[11:31] {strider} what is hgu

[11:31] {strider} ?

[11:33] {nemo} canadian gold stock or etf

[11:33] {Threei} Toronto exchange strider

[11:33] {strider} ah, that explains it.

[11:33] {strider} thx

[11:37] {Threei} (US) Senate Banking Committee votes to nominate Fed Chairman Bernake, full Senate vote on Bernanke soon

[11:37] {Threei} - Final vote: 16-7

[11:37] {fernp} 1:1 MS

[11:41] {strider} good trade, fern.

[11:42] {fernp} BYD lod interesting if breaks .50

[11:42] {fernp} ty strider

[11:43] {strider} at open, lod=.39

[11:44] {strider} but may not matter.

[11:44] {fernp} yeah, ignoring those few prints

[11:44] {dino} out gef .60, +.35

[11:45] {fernp} gj dino (as always)

[11:45] {dino} ty

[11:46] {dino} screwed up rino, had .60 on it

[11:46] {larisa} I think I 'll start my Christmas early. Merry Christmas and Happy New Year, guys. Good trading and be safe.

[11:47] {Threei} have a great holiday time larisa, Merry Christmas

[11:47] {fernp} happy holidays larisa

[11:47] {larisa} do not let market fall below 9K :)

[11:47] {strider} merry xmas larisa:)

[11:47] {patience} enjoy larisa

[11:48] {dino} have a wonderful xmas and new year larisa

[11:48] {larisa} patience, you help ilana to watch guys.. they need to learn to behave

[11:49] {patience} that's your job :)

[11:49] {larisa} nah :)

[11:50] {fernp} MU breaking .75

[11:50] {ilana} i lost last hope

[11:51] {dino} esrx quite the ride

[11:53] {Threei} you girls mean we msibehave??

[11:53] {nemo} shorn rimm .29

[11:58] {fernp} TXN also insteresting if breaks .25

[11:59] {magoo} so mch for that retard farleys callu

[12:00] {strider} haha

[12:00] {strider} what has happened now, mags?

[12:00] {patience} day isn't over yet magoo...and its options week

[12:01] {Threei} Senator Dodd: would be difficult to reimpose Glass-Steagall limits on banks as suggested by Senators McCain and Cantwell yesterday

[12:01] {Threei} why??

[12:01] {nemo} cost him votes from CT

[12:01] {Threei} that goes without saying

[12:01] {Threei} I just want to hear any opf them explaining why

[12:01] {fernp} BYD 1:1

[12:01] {Threei} him, Timmy

[12:13] {strider} AONE bear flag

[12:15] {nemo} amzn hit resistance at .73, might be forming a range here

[12:18] {nemo} huh...deck, shouldn't have taken my eye off it perfect short at 96.50

[12:20] {dino} out rino .33, +.50

[12:23] {Les} AWIAV?

[12:23] {nemo} coma

[12:27] {strider} ESRX

[12:28] {dino} i like it stride, trying to figure entry

[12:28] {strider} news vad? none here.

[12:28] {strider} no bad news anyway.

[12:28] {nemo} see if you can get .40,

[12:29] {strider} retracement from morning euphoria

[12:31] {nemo} do my eyes deceive me or is the relative volume on S&P500 over 200%

[12:31] {nemo} if so THAT'S distribution

[12:32] {dino} strider, was -4 yesterday

[12:32] {nemo} volume or point loss?

[12:33] {Threei} nothing on ESRX since 8 a,

[12:33] {Threei} am

[12:33] {ese} i'm outta here or today.....not doing much but watching see ya tomorrow

[12:33] {Threei} take care ese

[12:33] {strider} see ya, ese.

[12:34] {fernp} bye ese

[12:34] {Threei} 8:02:10 AM

[12:34] {Threei} Express Scripts Inc Study finds no association between anti-epileptic drug switches and increased seizure activity

[12:34] {Threei} - Results of a study that examined the association of seizure risk among epilepsy patients after switching between A-rated anti-epileptic drug formulations. The study found no evidence that switching between A-rated anti-epileptic drugs, including brand to generic substitution, was associated with increased emergency room visits or hospitalizations for epilepsy.

[12:34] {ese} cya guys and gals

[12:34] {patience} later ese :)

[12:34] {strider} so, no bad news is good new.

[12:34] {Threei} for canucks

[12:34] {Threei} CA) BoC's Carney: Pledge to keep rates on hold through mid 2010 is "conditional," policy will change if conditions change

[12:34] {Threei} - BoC believes the current rate plan is "most appropriate

[12:35] {Threei} no reaction by loonie

[12:35] {Threei} and actually loonie looks nicely bearish

[12:35] {Threei} thank godness

[12:40] {Threei} since larisa is not here, I'll abuse the analogy one more time and post this:

[12:40] {Threei} As long as you expect certain percentage of frogs to remain frogs rendering your kisses wasted - you don't consider every kiss not resulting in prince/princess appearance an error that can and should be eradicated. Thus you stay true to market reality - it's an odds game with no 100% certainty, thus no need to get stubborn and try to squeeze a princess out of each and every frog, thus stops are taken easily, losses are kept well under control and don't cause emotional disturbance.

[12:42] {Les} that's my problem - trying to continuously squeeze princesses from toads

[12:42] {strider} I don't know about this frog-kissing. I mean, I always heard they turned into princes. Too old to change my ways now.

[12:44] {strider} (NOTE to self: check gender of frog before kissing.)

[12:44] {Threei} I guess I am a reeloader...

[12:45] {Threei} I am waiting for someone else to deal with the frog, and then go for a princess if aforementioned appears

[12:45] {strider} OK. I vote for nemo.

[12:46] {strider} FDX selloff

[12:46] {fernp} TXN 1:1

[12:46] {Threei} fern knows no frogs today

[12:46] {fernp} :-)

[12:46] {strider} I know. Every rock he turns over has a princess under it.

[12:48] {strider} Lots of roses in Spanish Harlem.

[12:48] {fernp} lol

[12:49] {strider} care to read FDX one more time, vad?

[12:49] {Threei} not really

[12:49] {Threei} quick 50 cents drop

[12:49] {Threei} needs to do something here to form readable formation

[12:49] {ilana} AIG .25 break?

[12:50] {Threei} I hate the way it trades today

[12:50] {Threei} these sharp sudden moves both ways

[12:50] {ilana} what are the big offers mean?

[12:50] {Threei} usually a good indication of spike if broken

[12:51] {fernp} one mistake today: MU i didn't know it moves so slow.

[12:51] {fernp} It is doing nothing. I think I'm gonna close the trade here. with +.01

[12:51] {Threei} easy to see actually fern

[12:51] {Threei} look at its daily ranges

[12:52] {Threei} and how thick it is

[12:52] {fernp} y, true

[12:52] {Threei} rare days when it makes 50 cents range stand out like superstars

[12:53] {fernp} yeah. out MU .... I hate MU lol

[12:54] {Les} double bottom WMT?

[12:55] {Threei} not the kind I can trade

[12:55] {Les} ok

[12:55] {Threei} confirmation is 53 break, lol

[12:55] {Threei} Ilana, see what I mean about AIG?

[12:56] {ilana} you said spike

[12:56] {Threei} what the deuce was that... and during market upward move

[12:56] {ilana} spike down?

[12:56] {Threei} [12:50] {Threei} I hate the way it trades today

[12:56] {Threei} [12:50] {Threei} these sharp sudden moves both ways

[12:56] {Threei} this is what I refer to

[12:56] {ilana} ok

[12:56] {Threei} normally those breaks of big offers lead to spike up

[12:57] {patience} back in hgu

[12:57] {Threei} but the way this thing trades today, I just have no grip on it

[12:57] {ilana} i see

[12:58] {strider} GLD bear flag, best seen on 5min.

[12:59] {patience} don't say that, mortgage payment is tomorrow strider

[12:59] {strider} obviously, I was mistaken.

[13:00] {Threei} look at 1 min strider

[13:00] {Threei} double bottom, uptrend ever since, ascending triangle

[13:00] {Threei} break of triangle's flat top at .50

[13:00] {strider} yep. see that, too.

[13:01] {strider} not an impressive climb from the bottom , though.

[13:01] {Threei} well, it's in general downtrend

[13:01] {Threei} look at daily

[13:01] {strider} yeah

[13:02] {dino} fdx gap filled from mid nov.

[13:02] {Threei} goldbugs always hate my guts... but, gold is so dead

[13:02] {patience} on the way down,it still has relief jumps...i like those because they are steady trades for scalps

[13:02] {Threei} of course...

[13:02] {strider} But breeak of 5min. trend would be at about break of 1 min. support at 10:50. No?

[13:03] {Threei} and before dying eventually, will probably make one last rally

[13:03] {Threei} luring in believers

[13:03] {strider} about .30

[13:03] {Threei} then USD will rally like there is no tomorrow, and gold bubble will burst

[13:04] {patience} andwhen usd has momo up, iwill play it

[13:05] {Threei} oil story will repeat itself to a T... but of course "this time will be different"

[13:05] {dino} fwiw watching; ndsn, fdx, rino, gef, esrx, ebix

[13:06] {dino} i see we hit the -125 gut saw

[13:11] {dino} pbm tax considered in senate, w/heathplan proposal

[13:11] {dino} that explains esrx

[13:13] {dino} gef lod

[13:14] {Les} WDC?

[13:15] {dino} raised to outperform

[13:15] {Threei} US) Fed's Fisher: Has not seen any inflation data that "ruffles my hawkish feathers," sees Q4 GDP +3-4%

[13:15] {Threei} - Believes inflation remains mild

[13:20] {strider} long FDX .69

[13:23] {strider} stopped .58

[13:24] {dino} imo strider, watch the dji for the trigger on fdx

[13:25] {strider} k. thx.

[13:25] {strider} was trying to buy low side of consolidation.

[13:26] {dino} on these big(?) down days, i sit, wait for market to tell me

[13:26] {ilana} tell us what it says

[13:27] {Threei} he can't

[13:27] {strider} I would probably have been ok with wider stop. but not willing to take it.

[13:27] {dino} right now it says "sit"

[13:27] {Threei} it''s pure swearing, no single decent word

[13:27] {dino} break of 10345, possibly up

[13:28] {dino} other way is to hit bottoms

[13:28] {dino} but that is just me

[13:31] {dino} i see a lot of support levels holding well

[13:32] {dino} fdx getting interesting

[13:34] {nemo} pru could be interesting break of .08

[13:34] {dino} been watching met off it

[13:35] {dino} seeing gef, rino, kss holding lows well

[13:35] {nemo} frickin rim

[13:35] {nemo} rimm

[13:39] {strider} dcc trev

[13:40] {dino} osk

[13:40] {Threei} no news here

[13:40] {dino} gao confirms oask wins

[13:41] {Threei} OSK GAO Decision Affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings and Nearly All Other Protestor Complaints

[13:44] {dino} way i read it, still 60 days to accept or decline gao decision

[13:44] {dino} so, politics comes into play

[13:46] {fernp} TXN hit my 1:1 and bounced from there all the way back. I guess I got lucky :-)

[13:46] {dino} gj

[13:46] {fernp} ty

[13:48] {nemo} short cat .29

[13:48] {nemo} stop .37

[13:55] {nemo} stopped

[14:00] {dino} gef hl l .30

[14:01] {lasertrev} Strider got it

[14:05] {dino} esrx one crazy ride

[14:11] {nemo} whaddya' think dino .25 on esrx?

[14:11] {Threei} who thinks BAC .10 break deserves a short?

[14:12] {nemo} too obvious

[14:12] {dino} i don't like it up here

[14:12] {nemo} oh, I thought you were in it

[14:13] {dino} no, walked away and she got legs

[14:13] {nemo} zztop

[14:13] {dino} lol

[14:13] {nemo} great video

[14:16] {fernp} BAC on lows and WFC on highs

[14:19] {fernp} shorting BAC here

[14:20] {strider} trev, dcc

[14:21] {Les} http://miburl.com/WHjmqVU

[14:21] {Les} Russian's preparing for war Vad. Stocking up on essential items

[14:22] {fernp} lol

[14:22] {patience} good beer

[14:23] {Threei} no leader ever survived over there attempt to cut alcohol consumption

[14:23] {Threei} nor succeeded in the slightest in doing so

[14:26] {Threei} General Motors Corp Treasury Official: Expects GM to make a "reasonable effort" to have an IPO by mid 2010

[14:26] {Threei} - Does not know whether July 2010 would be an appropriate time for an IPO or not.

[14:26] {Threei} ***Reminder: On 12/15 GM Chairman Whitacre said he plns to repay govt funds by the end of June (GM's current TARP funds approx $20.64B)

[14:30] {Threei} BAC 1:1

[14:30] {fernp} 1:1 BAC

[14:30] {fernp} i need days like this oftener

[14:30] {Threei} rather than seldomer?

[14:31] {dino} wtg fern

[14:31] {fernp} "oftener" word is correct?

[14:31] {nemo} more often

[14:32] {fernp} i knew

[14:32] {fernp} ty dino

[14:33] {Threei} I like oftener

[14:33] {Threei} I also like bester, worser

[14:33] {Threei} badder

[14:33] {Threei} overboughter and oversolder

[14:34] {Threei} don't listen to them fern

[14:36] {Les} you spanish fern?

[14:36] {nemo} funny spanish fern

[14:36] {fernp} no problem Vad. they speak english better than me

[14:36] {fernp} yes, spanish

[14:36] {nemo} isn't there a vegitation "spanish fern"

[14:37] {Les} ok, can't be too sure. From what I hear a lot of southern Spain is now English...

[14:38] {Les} NVDA looking for green

[14:41] {fernp} PETM hod and daily interesting

[14:46] {Threei} BAC 1:2

[14:46] {Threei} and accelerating

[14:47] {fernp} yeah, losing 15, BAC looks very bearish

[14:48] {fernp} on daily i mean

[14:55] {Threei} F North American President: reiterates 12.5M SAAR sales forecast - CNBC

[14:55] {Threei} - have seen some imporvement at the retail level

[14:56] {Les} SNDK

[14:58] {magoo} CECO vad news

[15:02] {Threei} CECO Weakness attributed to chatter that the Office of the Inspector General (OIG) has sent a letter to the Dept of Education proposing stripping accredation authority of the Higher Learning Commission (HLC) (26.00, -2.35, -8.29%) (related COCO ESI DV STRA )

[15:04] {Les} damn it mags, did you do that to CECO?

[15:05] {Les} I wasn't fast enough by half

[15:11] {nemo} gotta' go cu2morow

[15:12] {Threei} take care nemo

[15:12] {Les} no you won't

[15:12] {nemo} small blessing

[15:12] {Les} actually no it's not saturday tomorrow, so yes you will

[15:14] {Threei} BAC unhinged

[15:17] {dino} rino sm l .95

[15:21] {Threei} CECO Higher Learning Commission (HLC): Aware of report out of the DoE's Office of the Inspector General, preparing a response shortly (25.05, -3.30, -11.64%)

[15:22] {Threei} solunds like admissions that report is true

[15:22] {Threei} you don't need to "prepare a response" if it's not, takes all of 5 seconds to say there is nothing going on

[15:24] {Threei} the reference link for the report is here: http://www.ed.gov/about/offices/list/oig/auditreports/AlertMemorandums/l13j0006.pdf

[15:25] {Threei} yup

[15:25] {Threei} look how it drops when the link appeared in news update

[15:25] {dino} esi, apol too

[15:26] {Threei} and COCO

[15:28] {Threei} old joke about trajectory of a missile being curved, meaning that you can shoot from around the corner if you put a gun on its side is not a joke anymore

[15:28] {Threei} see reports about XM-25?

[15:28] {Les} hmm?

[15:28] {Threei} new gun in testing

[15:29] {Threei} extremely sophisticated

[15:29] {Les} Israeli's have had shotgun with camera that shoots round corners for a while

[15:30] {Les} http://www.breitbart.tv/?p=14224

[15:30] {Les} ok its that weapon

[15:32] {Les} looking for bounce in CECO but impossible to tell

[15:33] {dino} out gef .52, +.22

[15:33] {Threei} http://www.army.mil/-news/2009/11/10/30147-army-testing-xm-25-smart-high-explosive-weapon-for-soldiers/

[15:35] {Les} interesting. cover from fire is no longer the case with such a weapon.

[15:35] {Threei} right

[15:45] {Threei} what a murder, CECO

[15:45] {fernp} woow

[15:45] {Les} wish I knew how to play it

[15:45] {Threei} as impressive as it looks on intraday, just have a look at daily for a gasp

[15:46] {Les} cool

[15:47] {fernp} a lot of news CECO today

[15:48] {Les} allright bed is looking better than this market. night all.

[15:48] {fernp} DELL strong

[15:50] {dino} gn les

[15:50] {fernp} go to the bank :-) Good evening everybody. see you tomorrow

[15:52] {Threei} take care les, fern

[15:54] {Threei} interesting day

[15:54] {Threei} quite mellow but very nicely profitable

[15:54] {Threei} thank you all, have a nice evening

[15:54] {Threei} see you tomorrow

[15:54] {dino} gj fern, cya

[15:55] {patience} see you vad, one trade for me today....some days you just sit and wait

[15:55] {Threei} as long as it's winning trade...

[15:56] {patience} remains to be seen, stop hasn't been hit yet

[15:56] {dino} ndx, s/p gaps filled from 12-09

[15:58] {dino} out rino .99, +.04

[15:59] {dino} thx all ok day

[16:02] {Threei} ORCL Reports Q2 $0.39 v $0.36e, R$5.9B v $5.7Be

[16:06] {Threei} RIMM Reports Q3 $1.10 v $1.04e, R$3.92B v $3.8Be

[16:11] {Threei} mags, got any of them?

[16:11] {Threei} your style moves