Oct 19 2009

Strong start to the week with numerous wins, two or three small stops and couple strong plays for about 40 cents.

Session Time: Mon Oct 19 00:00:01 2009

[08:02] {KSystems} morning
[08:03] {strider} morning KS
[08:03] {magoo} morning
[08:09] {KSystems} hey strider, magoo
[08:10] {KSystems} and fern
[08:10] {KSystems} ;)
[08:10] {magoo} hi K
[08:10] {Threei} Good morning
[08:10] {magoo} can anyone log in laser yet? i cant
[08:10] {magoo} hi vad
[08:10] {Threei} logged in fine here
[08:10] {magoo} sigh..great
[08:11] {Threei} VVUS
[08:11] {Threei} NYT article comments on new obesity drugs
[08:11] {Threei} - Notes the market has been most excited about Vivus' QNEXA.
[08:11] {Threei} - Orexigen's obesity treatment CONTRAVE and Arena's LORCASERIN have underperformed Vivus' QNEXA in trials.
[08:11] {Threei} - One challenge for QNEXA might be safety as the drug contains phentermine (which was part of the notorious fen-phen combination) and topiramate which makes people feel satiated.
[08:11] {Threei} - According to Vivus, QNEXA has only small quantities of phentermine and topiramate.
[08:11] {Threei} - Some doctors are already prescribing phentermine and topiramate separately, which could hurt sales of QNEXA.
[08:11] {magoo} ok..getting in now..3rd try
[08:15] {magoo} POT news vad?
[08:18] {Threei} nothing fresh
[08:28] {Threei} TRBN
[08:28] {Threei} Trubion Pharmaceuticals Reports positive data from Phase IIb re-treatment Study of TRU-015
[08:28] {Threei} - Data from the open-label re-treatment phase of the Phase II b study demonstrate that repeat administration with TRU-015 is generally well-tolerated and results in sustained improvement in the signs and symptoms of RA
[08:31] {Threei} IMMU Awarded Three Grants by NIH to Develop New Agents for Imaging and Therapy of Cancer (4.82, 0.00, 0.00%)
[08:32] {nemo} GM
[08:32] {Threei} grants totalling $2.1M
[08:32] {Threei} nemo :)
[08:43] {Threei} stubborn seller at 5, IMMU
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:59] {cosmo} IDCC: # Nokia wins ITC ruling in case InterDigital filedat MarketWatch(Sun 5:08am)
[09:00] {Threei} CIT Group Inc Provides further details of amended restructuring plan - filing
[09:00] {Threei} - Offers to exchange debt for a pro rata portion of each of five series of its newly issued Series A secured notes and/or up to approximately 68.3 million shares of its newly issued preferred stock (**previously intended to issue 70M)
[09:00] {Threei} - Assuming 100% success in exchange offer, the New Preferred Stock issued will consist of approximately 68.3 million shares having an aggregate liquidation preference of approximately $95.6B and representing approximately 91.1% of the aggregate voting power of the Corporations capital stock (**prior liquidation preference value was $63B, prior voting power was 94%**)
[09:00] {Threei} - Bondholders to recieve between $700 and $1000 in cash and 0.35 and 2.8 preference shares for each $1,000 held ( **previously offered between $700-$900 in cash and 0.41- 3.26 in pref shares for each $1,000 held**)
[09:01] {Threei} Reportedly Carl Icahn to underwrite $6B loan to CIT
[09:06] {lasertrev} gm
[09:06] {Threei} trev :)
[09:07] {cosmo} IDCC pre mkt low = 22.10 fyi
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {strider} morning folken
[09:11] {Threei} strider :)
[09:11] {strider} 3i:)
[09:12] {_mreust} Good morning
[09:13] {Threei} morning mreust
[09:14] {Threei} FMCN Morgan Stanley Raised FMCN to Overweight from Equal Weight
[09:15] {Threei} does it mean FMCN needs VVUS' Onexa?
[09:15] {strider} groan
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:15] {nemo} how do yo put those together?
[09:15] {nemo} hi lark
[09:15] {nemo} lari
[09:15] {nemo} sori
[09:15] {larisa} :)
[09:16] {Threei} put together what?
[09:17] {nemo} fmcn w/vvus and onexa
[09:17] {Threei} sigh
[09:17] {Threei} Onexa is obesityt drug
[09:18] {Threei} VVUS tests Onexa
[09:18] {Threei} FMCN gor overweight rating
[09:18] {nemo} oh....
[09:18] {nemo} I'm thinking an advertising firm....???
[09:19] {Threei} too mkuch thinking for Monday morning
[09:19] {ese} GM
[09:19] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} here, nature magic helping to relax and diminish thinking:
[09:20] {Threei} http://www.realitytrader.com/photography/
[09:20] {ese} brain hurt
[09:20] {Threei} that's thinking, ese
[09:21] {Threei} it's harmful, painful and overall damaging
[09:21] {strider} [07:18] * Topic is 'Don't interrupt your brain's work by thinking'
[09:21] {Threei} yup
[09:23] {Threei} I don't have clear candidates for ther open
[09:24] {Threei} watching IMMU, VVUS, HIG, CIT
[09:25] {Threei} as it's often the case with Mondays, market seems a bit puzzled by itself
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Threei} so... not trying to find a trade immediately, giving it a few to see if something shapes up
[09:31] {magoo} aapl 2 point candle
[09:33] {Threei} USEG just won't quit
[09:33] {ese} athr
[09:34] {Threei} Long Setup: RIMM .90 break half lot if holding .80
[09:35] {Threei} over 1:1
[09:35] {fernp} too fast here
[09:35] {ese} missed it ...nice call
[09:35] {Threei} 1:2, out who got it
[09:35] {magoo} missed
[09:35] {strider} me too
[09:37] {_mreust} That was a great introduction to th room!
[09:37] {Threei} would be even better if it let more people in
[09:38] {magoo} xmas tree complete rimm
[09:38] {Threei} let's see if we get double bottom here
[09:39] {Threei} Long Setup: RIMM .95 break half lot
[09:39] {Threei} awww
[09:39] {Threei} too fast again
[09:39] {Threei} this time too fast even to type an alert
[09:39] {Threei} ok... off to something else
[09:41] {Threei} HIG, watch for pullback,
[09:41] {Threei} most likely entry zone is around .70
[09:42] {Threei} with stop under .60
[09:43] {strider} lmdia trying
[09:44] {ese} welcome mreust.....
[09:44] {Threei} HIG is getting there, get ready
[09:44] {magoo} mkts losing ground here
[09:45] {Threei} first strength from here
[09:45] {Threei} .70 break
[09:45] {Threei} if holding .60
[09:46] {fernp} in
[09:46] {Threei} big offer at .71
[09:46] {Threei} why not let it diccipate first
[09:48] {Threei} in
[09:48] {magoo} in
[09:48] {Threei} 1:1
[09:48] {fernp} ty
[09:48] {strider} out +.10 ty
[09:49] {Threei} you guys are relentless in your scalping zeal
[09:49] {Threei} {--- look who is talking
[09:49] {strider} market looks like crap:)
[09:49] {dino} vmi death roll continues
[09:51] {_mreust} Pretty good so far, especially for a Monday!!!
[09:51] {fernp} welcome aboard mreust
[09:52] {nemo} aig DB vad?
[09:52] {nemo} oops
[09:53] {strider} lmdia holding well against the market
[09:54] {Threei} doesn't look ready to me nemo
[09:55] {Threei} HIG feels a beter prospect
[09:55] {Threei} holding much better
[09:55] {Threei} actually, I'd repeat same setup on HIG
[09:55] {Threei} only this time with even tighter stop
[09:56] {Threei} under .65
[09:56] {nemo} aig jumped
[09:56] {Threei} and AIG starts looking like short to me
[09:56] {nemo} followig resistance trend
[09:57] {Threei} trying to find entry
[09:59] {Threei} Short Setup: AIG .90 break half lot
[09:59] {Threei} if stays under 43
[10:00] {Threei} HIG not holding .65
[10:00] {Threei} no inyerest in boiunce anymore for now
[10:00] {Threei} wanted higher low, and it's not happening
[10:01] {Threei} AIG 1:1
[10:02] {Threei} but should be good for more than that
[10:02] {Threei} so let's try and partial
[10:02] {Threei} (US) NY Fed: No inference should be drawn on policy tightening
[10:02] {Threei} - Working with counterparties on reverse repo
[10:02] {Threei} - Testing ability to do repos with tri party settlement
[10:02] {Threei} - Considering expanding counterparties for repos
[10:03] {Threei} Note: On 10/08 the FT reported that the Fed has started testing reverse repo trades and that they would allow the Fed to drain cash from the financial system once it decides to exit its current extraordinarily loose policy. The Fed has conducted at least three tests of reverse repos since March.
[10:07] {nemo} amgn short?
[10:08] {Threei} good boy AIG
[10:08] {Threei} 1:2
[10:08] {Threei} no read AMGN
[10:08] {nemo} confused...after hitting 1:1 shouldn't stop been at entry?
[10:09] {Threei} with half lot?
[10:09] {Threei} shrug
[10:09] {nemo} oh
[10:09] {Threei} I'd prefer to let it go to wash
[10:09] {Threei} if it breaks initial stop
[10:09] {Threei} ity's AIG
[10:09] {Threei} too volatile to be this literal
[10:09] {Threei} 1:3
[10:09] {Threei} out in full
[10:12] {nemo} mmmhh financials popped
[10:13] {Threei} USEG, gravity finally taking over
[10:13] {Threei} keep an eye for sharp selling,
[10:13] {Threei} should become a worthy bounce candidate, desirably under 5.50
[10:14] {nemo} cat moving up 1.20
[10:17] {nemo} Well here's one where I should have been thinking...
[10:17] {nemo} Remember how AIG broke below 43.80 last week...
[10:18] {nemo} Well, it kissed it before the open and has been down hill ever since
[10:20] {magoo} u mean 6.50 right?
[10:20] {Threei} ?
[10:20] {dino} mkt bounce
[10:21] {magoo} r 5.50
[10:21] {Threei} USEG
[10:21] {magoo} yea
[10:21] {Threei} no, I mean 5.50
[10:21] {ese} l hgsi .90
[10:21] {Threei} look at daily
[10:22] {Threei} stop under .80 ese?
[10:22] {Threei} AIG wouldn't even try to bounce with market
[10:22] {Threei} why did we ever bother to cover it all
[10:23] {ese} yes
[10:23] {Threei} nice looking setup
[10:24] {dino} vmi stopped
[10:25] {ese} stopped
[10:25] {nemo} cat still climbing
[10:25] {Threei} AIG to me: you need to grow up and hold your position for real gain... when I am going, I am going
[10:25] {Threei} over a dollar form original entry
[10:26] {ese} thought with that upward movement int the qqqq it would take hgsi with it
[10:26] {Threei} that was good setup ese
[10:26] {Threei} just didn't wortk
[10:27] {Threei} Long Setup: HIG .60 break
[10:27] {ese} agreed
[10:27] {Threei} if stays above .50 for scalpers,
[10:27] {Threei} above .40 for day traders
[10:28] {magoo} in
[10:28] {fernp} in
[10:28] {Threei} remember that interesting manner in which HIG sometimes goes and goes and goes once it finds its footing?
[10:29] {Threei} with any market help, this seems to be just right moment
[10:29] {Threei} if it works, my game plan is:
[10:29] {Threei} half out around .75 - .80
[10:29] {Threei} 1/4 around .90 - .95
[10:29] {Threei} then we will see
[10:30] {ese} l hgsi .85
[10:30] {Threei} 1:1 for hardcore pesky scalpers
[10:31] {dino} all hl l .00
[10:31] {fernp} you can call me pesky, 1:1 I'm out
[10:31] {Threei} :)
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - NASDAQ volume 420M shares, about 25% below its three-month average; advancers lead decliners by 1.2:1.
[10:31] {Threei} - VIX index +1.75% to just under 22.00
[10:32] {nemo} 1/2 out
[10:32] {Threei} first target hit
[10:32] {Threei} half out .75
[10:32] {Threei} stop to under b/e
[10:33] {Threei} maybe too tight... .55 stop for now
[10:33] {Threei} and to b/e when prints above .75
[10:36] {nemo} aig long or short?
[10:36] {Threei} must it be either or?
[10:36] {Threei} how about neither?
[10:36] {nemo} huh
[10:36] {Threei} this is my way of saying "I have no idea"
[10:37] {nemo} oh
[10:37] {Threei} lol
[10:37] {fernp} having problems with my internet connection. Connecting and disconnecting continuously...
04[10:37] -} [fernp] PING
[10:37] {Threei} [10:37] [fernp PING reply]: 1sec
[10:37] {Threei} -----------
[10:37] {Threei} not bad actually
[10:38] {fernp} thanks
[10:39] {Threei} what do you know, pesky scalpers win
[10:39] {nemo} out
[10:39] {Threei} again
[10:40] {nemo} rude
[10:40] {Threei} AIG, this is one of those cases where you wish you fainted after entering the trade
[10:40] {fernp} pesky and lucky scalpers , lol
[10:40] {Threei} and came out of it 30 minutes later
[10:40] {Threei} 42.90 short entry
[10:41] {larisa} 41.15 no fill AIG, fingers not fast enough :)
[10:41] {Threei} it seems to be almost ready for sizeable bounce
[10:42] {Threei} .30 break
[10:42] {Threei} just don't go in with full lot, OK?
[10:42] {Threei} stop under .15
[10:43] {Threei} 1:1
[10:43] {Threei} can do better I am sure
[10:44] {Threei} offering half above .50
[10:44] {ese} out hgsi .98 +.13
[10:44] {Threei} half out
[10:44] {Threei} .52
[10:45] {nemo} if it's continuing downtrend, should stop around here
[10:45] {Threei} it won't
[10:45] {Threei} but stop to just under .30
[10:45] {Threei} offering 1/4 more .65
[10:46] {Threei} hit
[10:46] {Threei} offering last part .75
[10:47] {Threei} stop to under .40
[10:47] {Threei} no lose territory
[10:47] {nemo} what got into cat today
[10:47] {larisa} earnings tom
[10:47] {Threei} HIG, you are deceiving bastard
[10:50] {Threei} beautiful AIG
[10:50] {Threei} what a precision in holding stop level eh?
[10:51] {magoo} nice vad
[10:51] {Threei} out last part +.44
[10:51] {Threei} so far, just one stop, whooping 6 cents
[10:52] {Threei} no, 7
[10:52] {nemo} Don't ask
[10:52] {Threei} who?
[10:52] {Threei} about what?
[10:52] {nemo} you...you know
[10:52] {Threei} oooh
[10:52] {Threei} I just typed that
[10:53] {nemo} DON'T!
[10:53] {Threei} sorry can't let it go to waste
06[10:53] * nemo slaps Threei around a bit with a large trout
[10:53] {Threei} sigh
[10:53] {Threei} whatever, if I get slapped, at least gotta know for what
[10:53] {Threei} can I go home?
[10:53] {nemo} bastid
[10:53] {fernp} yes
[10:54] {Threei} ty
[10:54] {nemo} frickin HIG
[10:54] {ese} mags......you there...gog?
[10:54] {ese} goog...pullback
[10:54] {fernp} HIG behavior is irritating
[10:54] {Threei} nemo, go to http://www.realitytrader.com/photography/2009/10/fall-flowers.html and look at pretty flowers, you seem overstressed
[10:55] {nemo} have a picture of Ketel1?
[10:55] {Threei} HIG does exactly what it was projected to... just with shakeout in the middle :)
[10:55] {magoo} cant believe BIDU up so much and goog not
[10:55] {ese} whats bidu?
[10:55] {nemo} chinese google
[10:55] {magoo} yup
[10:56] {ese} ahh
[10:56] {Threei} unlike bidet which is not
[10:56] {magoo} usually in sync
[10:56] {nemo} Poor Raven
[10:57] {nemo} RIMM
[10:57] {nemo} break of .26 stop .15?
[10:58] {Threei} probably yes
[10:58] {magoo} its just that its been such a donkey of late..rimm
[10:59] {ese} what do you look for in goog mags?
[10:59] {magoo} profit
[10:59] {ese} ha ha ha ha.........good one
[11:00] {ese} pullbacks ....breakouts.....?
[11:00] {magoo} extrewmes
[11:00] {magoo} like extreme pullbk
[11:01] {ese} gotcha
[11:01] {magoo} it will fall like 8 pts..so 3 point not extreeme
[11:01] {magoo} dont want to tradde it all day..or 10 times..just want the !
[11:01] {magoo} like bidu off 393
[11:02] {magoo} monster move
[11:02] {ese} gotcha.......ya it was
[11:02] {magoo} and only 300-500 shares
[11:02] {magoo} to control
[11:03] {magoo} risky..but i like goog here
[11:03] {ese} how about the breakout at 400 for bidu....would you look at that
[11:03] {magoo} i want it to catch up to bidet
[11:03] {ese} or 402
[11:04] {magoo} 402??
[11:04] {magoo} huh?
[11:04] {Threei} AONE...
[11:04] {ese} 401.60 then
[11:05] {nemo} here come the steak sauce jokes
[11:05] {ese} bidu....not goog
[11:05] {magoo} ah
[11:05] {magoo} im talking goog
[11:05] {Threei} Fed's Bernanke: US should increase savings rate; Asia leading global recovery; US should create sustainable fiscal trajectory
[11:05] {Threei} - Surplus countries must raise domestic demand
[11:06] {magoo} i like goog at 553
[11:06] {ese} right......
[11:06] {nemo} As they flip us the mesodactyl
[11:06] {Threei} AONE, this pullback looks buyable
[11:06] {Threei} .50 break, half lot
[11:07] {magoo} in .44
[11:07] {Threei} stop under .35, target closer to 25
[11:07] {magoo} A1
[11:07] {ese} goog?
[11:07] {fernp} HIG .95 break?
[11:08] {Threei} hard to tell
[11:09] {fernp} mini c&h
[11:09] {Threei} no go AONE
[11:09] {magoo} no go goog
[11:09] {Threei} still feels like runner to me
[11:10] {Threei} but volastility is abit too high
[11:10] {nemo} just touched the BB average on that last drop
[11:12] {Threei} HIG does that slow relentless climb
[11:13] {fernp} im long .96 w/stop under .85 lte's see
[11:13] {Threei} AONE strongly feels to me like pushing toward 25 but hard to structure the play
[11:14] {Threei} (US) Chamber of Commerce: to no longer oppose Climate Change legislation -CNBC
[11:14] {Threei} let's set firmly on suicidal path
[11:15] {Threei} get ready for carbon tax
[11:17] {ese} l hgsi .85
[11:20] {ese} hmmmm even better .8461
[11:22] {dino} lrn l .50
[11:24] {ese} out hgsi .90 +.05
[11:25] {magoo} ener
[11:26] {ese} excuse me +.0539 appologies for the inaccurate reporting of profit
[11:29] {Threei} lol
[11:31] {magoo} RIMM
[11:31] {magoo} high here
[11:32] {magoo} is there a bounce play in AIG boss?
[11:33] {ese} weird market..........sixth sense feels like it should be going down but it's going up......
[11:34] {ese} i know ...i know!!!!! don't think es...just do
[11:38] {Threei} not sure yet mags
[11:38] {Threei} feels more to me like one more dive into 41,
[11:38] {Threei} shaking out those who bought ariund here
[11:38] {Threei} and then march up
[11:39] {magoo} ok
[11:39] {magoo} lets stay on it
[11:39] {Threei} if it just goes up from here, then I lost grip on it
[11:42] {magoo} hang on 3i..hang on :)
[11:42] {Threei} lol
[11:42] {Threei} good one
[11:45] {Threei} CIT Reportedly Egan-Jones tells bondholders not to accept Icahn offer - NYT Dealbook (1.25, +0.13, 11.61%)
[11:46] {Threei} OPEC's El-Badri: Iranian nuclear talks are off to a good start
[11:46] {Threei} I want to know El-Badri's definition of good
[11:47] {Threei} after all, "we haven't cut each other throats in first 5 min" is good too
[11:48] {Threei} new highs
[11:48] {Threei} who would have thought, lol
[11:48] {Threei} Dow 10,099
[11:58] {gnslng} .
[11:58] {Threei} good point...
[11:58] {gnslng} definitely!!
[11:59] {Threei} why oh why didn't I listen to magoo
[11:59] {magoo} i did
[11:59] {Threei} and just bought AIG and fainted
[11:59] {magoo} in
[11:59] {Threei} yeah but did you faint?
[11:59] {magoo} .65
[11:59] {magoo} ill faint of i lose on it here
[12:04] {dino} dkq
[12:06] {dino} all stopped -.15
[12:11] {dino} ros?
[12:13] {dino} bbt lod
[12:19] {dino} jpm gap fill from tues close
[12:20] {patience} .
[12:54] {strider} ORLY, Vad?
[12:55] {Threei} hmmm
[12:55] {Threei} chart is short but somehow doesn't feel rightr
[12:55] {Threei} I'd leave it alone
[12:55] {strider} k
[12:59] {Threei} Preview: Oct NAHB Housing Market Index due out at 1pmET
[12:59] {Threei} **consensus expectation: 20e v 19 prior (estimates range between 18 and 21.)
[13:00] {Threei} US Treasury discloses new liquidity plan for low income borrowers; aims to create development and rehabilitate rental properties
[13:00] {Threei} - a new bond purchasing and temporary credit program to be launched with HUD and FHFA
[13:00] {Threei} - aims to purchase GSE securities backed by new mortgage revenue bonds
[13:00] {Threei} *OCT NAHB HOUSING MARKET INDEX: 18 V 20E
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 420M shares, about 13% below its three-month average; advancers lead decliners by 5.1:1.
[13:02] {Threei} - NASDAQ volume 855M shares, about 15% below its three-month average; advancers lead decliners by 2.1:1.
[13:02] {Threei} - VIX index -1.6% to just over 21.00
[13:05] {strider} hig?
[13:05] {Threei} still down from here IMO, not ready for bounce yet
[13:06] {strider} short at .65?
[13:07] {Threei} .65 would rather signal reversal starting
[13:07] {Threei} no...
[13:07] {Threei} just leave it be
[13:07] {Threei} market is simply not active enough right now
[13:07] {Threei} not everything is long or short,
[13:08] {Threei} sometimes it's just "sit and wait"
[13:08] {strider} I need to take up knitting.
[13:09] {Threei} I would but I present a public danger with sharp things in my clumsy hands
[13:13] {strider} RIMM bo
[13:21] {ese} l hgsi .9457 sheesh
[13:22] {fernp} HIG is not making new lows
[13:25] {Threei} Long Setup: RIMM .55 break if stays above .45 for scalprs, .40 for day traders
[13:25] {dino} whats w/deck
[13:26] {Threei} nothing fresh
[13:26] {dino} same
[13:27] {Threei} StreetTracks Gold Trust Greenlight Capital's Einhorn: Positive on Gold; current Fiscal policies in the US Govt have 'gone awry'
[13:27] {Threei} - Betting on higher US, Japanese interest rates by purchasing long-dated call options
[13:27] {Threei} - Physical gold as liquid as ETFs but with lower costs; holding gold better than cash
[13:27] {Threei} - Washington's "Whatever it Takes" policy will hurt US Balance Sheet
[13:28] {Threei} Long Setup: HIG .70
[13:28] {Threei} if stays above .60
[13:29] {Threei} CIT Carl Icahn: Believes is now the largest CIT debt holder; Board has done 'awful job' (1.23, +0.11, 9.82%)
[13:29] {Threei} I'll say
[13:33] {Threei} RIMM 1:1 for scalpers
[13:34] {Threei} 1:1 for day traders
[13:35] {ese} hgsi stopped .87
[13:36] {Threei} 1:2 for day traders
[13:36] {fernp} RIMM vertical. great trade Vad
[13:36] {Threei} :)
[13:36] {Threei} HIG lags
[13:37] {magoo} out ty
[13:37] {Threei} welcome
[13:37] {Threei} okay, your turn HIG
[13:37] {nemo} feels like afternoon rally about to hit
[13:38] {Threei} it's hitting as we speak
[13:39] {fernp} more than a scalp HIG? if works
[13:39] {Threei} honestly no idea
[13:40] {fernp} ok. I'll sell at 1:1
[13:40] {Threei} while it's certainly capable of big moves and demonstrated it generously last week, it's so uncertain right now
[13:40] {dino} out lrn ave .64, +.14
[13:40] {Threei} RIMM 1:3, +.45, out last piece... nothing to sneeze at
[13:41] {Threei} me happy with today's performance
[13:41] {fernp} very
[13:42] {magoo} that was easy button worthy
[13:42] {Threei} maybe those pretty flowers is the reason
[13:46] {strider} you stopping at .64 or .59 Vad? HIG
[13:46] {Threei} can't decide
[13:46] {Threei} original stop is under .60
[13:47] {Threei} and formally, nothing changed
[13:47] {Threei} heart says dump it and forget it
[13:47] {Threei} mind says trading of what hearts says is the worst idea ever
[13:48] {Threei} ok, compromise:
[13:48] {Threei} I still keep stop under .60,
[13:48] {Threei} but if thing jumps back to .70, I'll just scratch it
[13:50] {Threei} there... resolved all doubts
[13:52] {Threei} US Treasury's Barr: Several weeks may pass before an estimate can formulate a 'dollar ceiling' on the new liquidity plan for low income borrowers announced today (related XHB XLF )
[13:56] {nemo} db hig?
[13:56] {ese} signing off...cya tamara
[13:56] {nemo} we have a tamara?
[13:56] {strider} ig AT lod
[13:56] {Threei} take care ese
[13:56] {strider} AIG
[13:56] {ese} yeow sa
[13:57] {ese} cya vad
[14:02] {Threei} ECB's Bini Smaghi: Marginal growth seen in 2010; there is no inflation risk at all; no need to raise interest rates at the moment
[14:02] {Threei} - notes that is against raising interest rates on preempting bubbles
[14:03] {Threei} Market Internals update at 2:00pmET
[14:03] {Threei} - NYSE volume 605M shares, about 11% below its three-month average; advancers lead decliners by 4.5:1.
[14:03] {Threei} - NASDAQ volume 1.23B shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[14:03] {Threei} - VIX index -2% to just below 21.00
[14:12] {dino} qdel
[14:13] {Threei} so much for the best earnings ever
[14:14] {Threei} QDEL beat estimate to the pulp...
[14:14] {Threei} like greek god would beat a turtle
[14:14] {dino} yes, saw that, should bounce
[14:14] {Threei} should turtle attempt to fight greek god
[14:16] {dino} see the turtle of amazing girth....
[14:16] {Threei} lol
[14:16] {dino} unpon his back he carries the earth
[14:16] {Threei} good association
[14:18] {dino} he battles the breakers
[14:26] {magoo} RIMM bouncer vad..rd duex?
[14:27] {Threei} not here
[14:27] {Threei} off .40 I think
[14:32] {magoo} another easy one...bouncer AIG vad?
[14:34] {magoo} nah..never mind
[14:36] {dino} vmi app. lod
[14:38] {Threei} ok
[14:39] {Threei} watch RIMM from here\
[14:42] {Threei} .49 recross if holdiong above .30
[14:42] {Threei} .40
[14:42] {strider} ??
[14:43] {strider} LONG .49, STOP .30?
[14:43] {nemo} long .40
[14:43] {fernp} strider RIMM long .41 stop .29
[14:44] {strider} THX
[14:49] {Threei} invalidated
[14:49] {Threei} US) Senator Grassley (R): Financial regulatory overhaul should focus on strengthening exiting agencies, doubts overhaul will be completed this year
[14:49] {Threei} - Believes banks should retain some risk for loans they originate.
[14:49] {Threei} - Credit ratings need more attention.
[14:49] {Threei} - Reiterates opposition to consumer financial protection agency
[15:15] {Threei} amazing how market manages to stay locked in so narrow range for so long
[15:15] {Threei} STEM Neural Stem Cells Show Promise For Treating Age-Related Macular Degeneration (1.64, +0.04, 2.50%)
[15:16] {Threei} speaking of stem cells
[15:16] {Threei} what's with GERN today
[15:16] {Threei} I see one lame upgrade
[15:25] {Threei} Long Setup: GERN .10 break if stays above .05 for scalpers, above 7 for dsay traders
[15:27] {strider} INVALIDATED BELOW .05?
[15:27] {strider} sorry. didn't mean to shout.
[15:27] {nemo} for scalpers
[15:27] {patience} .
[15:28] {strider} THX NEMO
[15:28] {strider} damn...did it again.
06[15:28] * nemo slaps strider around a bit with a large book of mirc etiquette
[15:28] {strider} yelling
[15:28] {strider} thanks. I needed that.
[15:28] {Threei} just tape some scothc over caps lock
[15:28] {strider} where do you buy scothc? :)
[15:29] {Threei} in the same store where they sell hwiskey
[15:29] {strider} hig bounce?
[15:29] {Threei} don't see setup yet, but on watch
[15:33] {Threei} not my kind of bounce
[15:37] {Threei} Market Internals update at 3:30pmET
[15:37] {Threei} - NYSE volume 790M shares, about 10% below its three-month average; advancers lead decliners by 3.8:1.
[15:37] {Threei} - NASDAQ volume 1.61B shares, about 13% below its three-month average; advancers lead decliners by 1.7:1.
[15:37] {Threei} - VIX index -1.35% to just over 21.00
[15:39] {nemo} lvs short?
[15:39] {Threei} .56... wortha try
[15:41] {strider} gen
[15:42] {strider} gern
[15:42] {nemo} if it gets by those monster orders at .57
[15:42] {Threei} that's why .56 is likely to be a good trigger
[15:43] {nemo} figures...market micro rally
[15:45] {nemo} lvs not really moving but running out of time
[15:46] {nemo} AIG C&H
[15:46] {strider} aig
[15:51] {nemo} aaple just shot up a buck in the last two minutes
[15:51] {nemo} what time does it announce?
[15:52] {Threei} is there exact time?
[15:52] {nemo} no
[15:53] {Threei} so...
[15:53] {Threei} ok, never mind :)
[15:53] {Threei} I don't want to know
[15:53] {nemo} wondering if somebody knew
[15:53] {nemo} be like that
[15:53] {Threei} larisa will tell me again I am picking up on you
[15:53] {nemo} mixed metaphors their dude
[15:54] {nemo} there
[15:54] {Threei} which is not ttrue at all - I do not discriminate and am too willing to pick on anyone
[15:54] {nemo} never seen you pick on larisa
[15:54] {Threei} what am I, suicidal?
[15:55] {strider} Vad, you holding GERN?
[15:55] {Threei} I will but
[15:55] {Threei} overnight hold is a very different decision
[15:55] {strider} yeah, I didn'
[15:55] {Threei} I don't want to make this kind of call
[15:55] {strider} 't mean that.
[15:55] {Threei} decide for yourself if you are willing to take this risk
[15:56] {strider} no
[15:57] {nemo} about holding gern...
[15:57] {strider} out GERN -.06
[15:58] {strider} oh well
[15:59] {dino} out qdel, +.22
[15:59] {Threei} lol dino
[16:00] {Threei} you may be the only one who profited from QDEL over lasty two trading sessions
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {dino} lol, glad to oblige
[16:00] {Threei} good start for the week
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {larisa} bye :)
[16:01] {strider} a la manana!
[16:01] {dino} in any case, i'm checking out until monday., good luck all, the north and south carolina golf courses are siren soging me
[16:01] {dino} songing
[16:02] {Threei} ah siren song...
[16:02] {nemo} watch out for the rocks
[16:02] {Threei} never what it seems to be but who of us can resist
[16:02] {Threei} have fun dino

Fri Oct 16 2009

Not overly active but solidly profitable day. A lot of setups got invalidated before they ever triggered - frequent occurrence when the market changes its tune.

Session Time: Fri Oct 16 00:00:00 2009

[07:59] {magoo} mornink comrades

[07:59] {strider} morning magoo

[07:59] {strider} Can you answer a laser question for me?

[08:02] {nemo} mags :)

[08:02] {nemo} dp, fern :)

[08:02] {magoo} ill tryt

[08:02] {strider} I'm trying to find where you can adjust the up/down arrows beside price in LVL II. I set them to move by 1/10th cent, and want to change back to 1 cent, but can't find where to do it. I assume it's somewhere in Trade Settings.

[08:08] {nemo} Strider, put mouse arrow over levelII. Right click. On menu, look for keystroke tab.

[08:08] {strider} k

[08:11] {nemo} mags, dcc

[08:11] {magoo} sorry was on call

[08:11] {strider} thanks, magoo.

[08:12] {magoo} did nemo help u?

[08:12] {strider} with what?

[08:12] {nemo} read the scroll strider

[08:12] {strider} Oh. that was nemo. :)

[08:12] {strider} thanks, nemo.

[08:13] {nemo} You make me feel better about myself

[08:13] {strider} fooey on you, magoo. :)

[08:13] {strider} It takes so little to make you happy, nemo.

[08:13] {nemo} I'm a simple fellow with complex issues

[08:14] {magoo} why u need email nemo

[08:14] {nemo} something funny

[08:22] {Threei} let's start the day on a good note:

[08:22] {Threei} FDIC's Bair: Liquidity crisis appears to be over - TV interview

[08:22] {nemo} yeah...printing presses solved that

[08:27] {Threei} guys, have a look at latest addition to http://www.realitytrader.com/photography/

[08:28] {Threei} joke of the day:

[08:28] {Threei} (RU) Russian PM Putin: asked Govt to evalute pros and cons of Rouble appreciation

[08:28] {Threei} - No grounds for sharp rouble swings and devaluation

[08:28] {Threei} asked govt?

[08:29] {Threei} rather: OK, here is what you do

[08:29] {nemo} Looks good for the minions

[08:29] {Threei} sounds like preparation for peg, doesn't it?

[08:29] {strider} Vad, you've been hanging out with some slimey characters.......

[08:30] {nemo} it mooned you

[08:30] {Threei} amazing thing is, they do tolerate my company, strider

[08:30] {strider} They reall suck up to you, though.

[08:30] {strider} really

[08:30] {nemo} wow....his sense of humor is more corny than mine

[08:31] {strider} when in Rome......

[08:31] {nemo} er....don't be a Christian?

[08:32] {strider} That first shot under "past curfew" is really something.

[08:32] {magoo} vad..IBM bounce candidate??

[08:33] {Threei} ty, one of my favs too

[08:33] {Threei} at some point...

[08:33] {Threei} IBM can be surprizingly volatile sometimes

[08:34] {magoo} from what 8i find..IBM wasnt bad report either

[08:34] {Threei} let me put it this way mags

[08:34] {magoo} lol..my new nickname

[08:34] {Threei} this is not about IBM as such at this point,

[08:34] {magoo} 8i

[08:34] {Threei} lol

[08:35] {Threei} this is about whether market topped out or ready to conrtinue

[08:35] {Threei} if we topped out, bounces is not a prominent idea,

[08:35] {Threei} they'll be mt with hard selling

[08:35] {magoo} yup

[08:35] {Threei} no matter what kind of earnings is announced

[08:36] {Threei} so, insteasd of trying to find the play on these bellweathers

[08:36] {Threei} wich will be the most volatile and most importantly, they'll be first out of the gate to show the direction, so you don't have a leading indicator

[08:37] {Threei} I'd prefer to observe them for now

[08:37] {Threei} and get our trades on second tier stocks

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:42] {Threei} Reportedly, Colombian government considering interventing to halt Peso appreciation

[08:43] {Threei} that's second annoucnement in one day hinting at peg or something along those lines

[08:44] {Threei} General Electric Co CEO: Global environment definately improved in Q3, emerging markets are relatively strong - conf call

[08:44] {Threei} - Leverage continues to decline, now at 5.7x

[08:44] {Threei} - GE Capital is much improved, funding is well ahead of plans, capital ratios are getting stronger.

[08:44] {Threei} - Order cancellations are very low, which is a hopeful sign. Backlog is at a record high.

[08:44] {Threei} - US govt stimulus hasn't really had an impact on us yet

[08:44] {Threei} - Q3 gross margin was 16.3%

[08:45] {Threei} BCON Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission

[08:51] {nemo} mmhhh...so basically, at this point the indexes have retraced yesterday

[08:52] {Threei} yes

[08:54] {Threei} wow BCON is alive

[08:57] {magoo} TRGT gapper

[08:57] {larisa} gm :)

[08:59] {Threei} larisa :)

[08:59] {nemo} lari :)

[08:59] {larisa} :)

[09:00] {Threei} (US) FDIC's Bair: Would like the FDIC to remain funded by financial industry, avoid funding from US Treasury

[09:13] {ese} good morning

[09:13] {Threei} ese :)

[09:13] {nemo} dude

[09:13] {ese} dude

[09:13] {ese} vad

[09:15] {Threei} SEPT INDUSTRIAL PRODUCTION: 0.7% V 0.2%E; CAPACITY UTILIZATION: 70.5% V 69.8%E

[09:15] {Threei} - prior Industrial Production revised from 0.8% to 1.2%

[09:15] {lasertrev} gm

[09:15] {Threei} trev :)

[09:15] {strider} morning trev

[09:19] {lasertrev} gm strider

[09:20] {bkhmd} gm all

[09:20] {Threei} bkhmd :)

[09:23] {Threei} General Electric Co CEO: Plans to deal with NBC Universal with or without a partner, evaluating several scenarios for the unit - conf call Q&A

[09:23] {Threei} - Calls Vivendi a great partner

[09:23] {Threei} - Reiterates that NBC strategy may include IPO or partnership

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {dino} trgt, interesting, only a phase 2 trial, may pull back

[09:25] {ese} dino

[09:25] {dino} es

[09:26] {dino} intc filled that gap, jpm may too

[09:26] {cosmo} trgt pre mkt high = 25 fyi

[09:27] {dino} ty

[09:27] {dino} hog continues up?

[09:32] {Threei} Long Setup: HIG .80 break if stays above .45

[09:32] {Threei} ugh... late

[09:32] {Threei} back for entry

[09:32] {fernp} .80?

[09:32] {Threei} same setup valid again

[09:32] {Threei} .60, sorry

[09:32] {strider} brak .60?

[09:32] {strider} beak

[09:33] {strider} break

[09:33] {Threei} yeas yes and yes

[09:33] {nemo} put the bottle away

[09:33] {strider} :)

[09:33] {fernp} INTC Vad

[09:33] {Threei} invalidated

[09:34] {cosmo} sppi

[09:35] {cosmo} 4.75 hod

[09:35] {Threei} SPPI Hearing Stansberry makes mildly postive comments on SPPI (likely pre-open) (4.64, +0.24, 5.45%)

[09:37] {cosmo} needs to hold .50

[09:37] {cosmo} imo

[09:37] {strider} teva

[09:37] {nemo} nahhh...can't happen again...trend 5 minute on spy

[09:38] {dino} vmi

[09:39] {Threei} IBM sharp pullback

[09:39] {ese} lean pickens this morning

[09:39] {Threei} one more leg down and will be interesting for bounce

[09:39] {nemo} where's the vix

[09:39] {Threei} around .70

[09:41] {Threei} WFC, if drops quickly into 30 will be a double bottom candidate

[09:41] {dino} vmi getting interesting

[09:42] {Threei} IBM is getting there

[09:43] {Threei} prepare half lot

[09:44] {Threei} .50 recross

[09:44] {Threei} if holding .30

[09:45] {Threei} invalidated

[09:45] {Threei} Long Setup: WFC .20 break

[09:46] {magoo} in'

[09:46] {fernp} stop under .10?

[09:46] {Threei} stop under .10, target is around .40

[09:47] {Threei} 1:1

[09:47] {fernp} i'm out TY

[09:49] {Threei} out .39

[09:50] {fernp} good one

[09:50] {ese} nice one you guys

[09:51] {magoo} waiting .47

[09:51] {ese} that seemed like a good classic setup vad....consolidate a little at .20 then take off

[09:51] {Threei} most importantly, ese,

[09:51] {Threei} it stayed just under .20 while market dropped like a stoone

[09:52] {ese} ahhhhh...gotcha

[09:52] {Threei} so my original idea of catching double bottom on that market pullback got modifiesd

[09:52] {Threei} I mean, market makes a low, WFC does too, both bounce, then market makes new low, thing doesn't pull back anymore

[09:52] {Threei} no brainer

[09:53] {ese} perfect.......will file that one away for sure

[09:54] {fernp} INTC short?

[09:56] {Threei} not sure

[09:57] {Threei} OCT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 69.4 V 73.3E

[09:57] {fernp} late, shorted .29

[09:57] {ese} michigan confidence report 69 v 73e

[09:58] {fernp} +.07 ty

[09:58] {Threei} lol

[09:58] {ese} can't type fast enough.....can't beat ya vad

[09:58] {Threei} I don't type... I copy/paste :)

[09:59] {ese} bastard.........

[09:59] {Threei} AIG

[09:59] {Threei} .20 break long

[09:59] {Threei} stop under .10

[10:01] {fernp} FAS dropping hard

[10:02] {ese} indeed

[10:02] {bkhmd} ty

[10:02] {ese} almost 6pts

[10:02] {strider} out AIG =}09 .19-.28

[10:03] {strider} +.09

[10:04] {fernp} why I covered INTC?

[10:06] {magoo} how about AIG as a bouncer vad?

[10:06] {Threei} again?

[10:06] {nemo} aig bounced off the .80 level before and yesterday...important level

[10:06] {fernp} WFC db?

[10:07] {Threei} Short Setup: AIG .90 break

[10:07] {Threei} if stays under 44

[10:08] {magoo} nah

[10:08] {nemo} nah what?

[10:08] {magoo} dont like that one

[10:09] {nemo} aig?

06[10:09] * magoo slaps nemo around a bit with a large trout

[10:09] {magoo} what other one u see?

[10:09] {strider} hgsi salmon

[10:10] {nemo} I'll take that as a "yes"

[10:10] {magoo} lol..i sounded like vad there

06[10:10] * nemo slaps magoo around a bit with a large Matthews LX w/thunderhead 100 grain

[10:10] {magoo} i use montec

[10:11] {Threei} invalidated

[10:11] {magoo} bowtech

[10:11] {nemo} fast

[10:11] {magoo} 330

[10:11] {Threei} marketr is astill active, stop cluttering the room with this chatter!

[10:12] {dino} vmi sm l .00, wide

[10:12] {nemo} fcx near support

[10:12] {nemo} rude aig

[10:12] {magoo} now i like AIG short

[10:13] {Threei} seriously?

[10:13] {magoo} duno..AIG too hard

[10:13] {Threei} lol

[10:13] {magoo} i did..then POW up

[10:14] {magoo} sick

[10:14] {nemo} bounced of that .80...4th time this morning

[10:14] {Threei} HIG refuses to follow market down

[10:14] {Threei} Long Setup: HIS .30 break if stays above .20

[10:14] {magoo} HIG?

[10:14] {strider} hig?

[10:15] {Threei} sigh

[10:15] {Threei} what else

[10:15] {nemo} yes-threeish

[10:15] {strider} his & hers?

[10:15] {nemo} I was thinking that...I'm sick

[10:15] {Threei} invalidated anyway

[10:17] {Threei} feels like bounce time

[10:17] {Threei} Long Setup: INCT .20 break if stays above .15

[10:18] {nemo} intc?

[10:18] {Threei} INTC'

[10:19] {magoo} AAPl for a bounce..

[10:20] {dino} \shaw

[10:20] {magoo} took .98

[10:20] {magoo} aapl

[10:22] {magoo} GS bouncer

[10:22] {magoo} first strength

[10:22] {dino} sm shaw l .50

[10:23] {magoo} .30 cents GS

[10:23] {Threei} INTC setup starts looking like two-sided

[10:24] {nemo} yeah

[10:24] {nemo} not moving w/market

[10:24] {Threei} Short Setup: INTC .15 break if stays under .20

[10:27] {dino} shaw stopped, broken

[10:28] {dino} semi's no respect for earnings

[10:28] {Threei} HIG, why did you feel a need to ruin setup before playing?

[10:29] {Threei} unless this time INTC runs into smackdown again, looks like it's a long side that will set up

[10:30] {Threei} no seriously... look at HIG chart

[10:30] {fernp} in

[10:30] {Threei} up to 10:15 everything was fine

[10:31] {Threei} and played out just as it should - except for that idiotic sharp dive

[10:31] {Threei} that left us with no setup

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 395M shares, about 40% above its three-month average; decliners lead advancers by 7.6:1.

[10:31] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 3.3:1.

[10:31] {Threei} - VIX index +3.5% to just under 22.50

[10:31] {dino} xlnx sm l .15

[10:32] {Threei} 30 cents move from original trigger

[10:32] {Threei} sigh

[10:32] {strider} what do you expect from intc, vad?

[10:33] {Threei} unless market resumes donward tgrend, should be good for .30 - .35...

[10:33] {Threei} maybe more but only if market really picks up

[10:36] {fernp} unfortunately, habitual behavior in HIG lately

[10:36] {fernp} now is pulling back

[10:37] {fernp} let's see

[10:37] {dino} all, pru want tues gap

[10:38] {Threei} so if this is how HIG trades now, then we should be able to get it around .20

[10:39] {dino} shaw big rinse

[10:43] {Threei} CRIC Update: IPO opens for trade at $12.28

[10:43] {Threei} China Real Estate Information Corporation

[10:44] {Threei} fess up mags

[10:44] {Threei} took 13 break?

[10:45] {Threei} that was so you

[10:45] {magoo} um no

[10:46] {magoo} my quotes are very bad

[10:46] {Threei} fine here... connection problem again?

[10:46] {magoo} dunno

[10:46] {magoo} we just had our box replaced

04[10:47] -} [magoo] PING

[10:47] {magoo} u not sticking qoutes?

[10:47] {dino} it's magoo's old 286 that hurts him

[10:47] {Threei} lol

[10:47] {Threei} no, quotes are good

[10:48] {strider} GRMN recovery?

[10:48] {Threei} not enough activity on it...

[10:48] {nemo} thought he had a dual floppy box

[10:49] {strider} I was trying to generate some :)

[10:49] {fernp} lol

[10:49] {Threei} lol

[10:49] {ese} l fslr .21

[10:49] {Threei} CRIVC is active

[10:49] {Threei} momo

[10:49] {Threei} CRIC

[10:50] {nemo} frickin' intc

[10:51] {strider} DRIV?

[10:51] {strider} I know, not enought activity

[10:52] {Threei} my favorite kinf of question

[10:52] {Threei} you ask it, tyou answer it

[10:52] {dino} may have bottomed nemo

[10:53] {dino} would be an all dayer w/hard stop imo

[10:54] {dino} syna holds well

[10:54] {Threei} that was my impression to dino... and thing actually started picking up buying

[10:54] {Threei} then sold off again

[10:55] {dino} would rather see big drop, then hit it long

[10:55] {dino} say 24.80s

[10:57] {dino} rovi heads into support

[10:57] {strider} QQQQ tripple bottom

[10:58] {Threei} not a lot of readable activity

[10:59] {dino} ktii -10 two days. thinny\

[10:59] {Threei} we had what, one working call for 20 cents, one for 10 and one stop for 6, and whole bunch of invalidated ones?

[11:00] {Threei} many invalidated setups is usually a sign of market changing its ways

[11:00] {dino} shaw holding well now, may re-try it\

[11:00] {fernp} I missed AIG, but reached my 1:1 in INTC :)

[11:00] {Threei} yeah, it touched on 1:1, but barely

[11:00] {fernp} hit .25

[11:00] {Threei} so could go either way depending on a trader

[11:01] {Threei} so you kind of compensated one by another

[11:01] {Threei} but for purity sake, I list it as a stop

[11:01] {Threei} HIG is getting there

[11:01] {ese} fslr stopped .50 -.71 1/2 lot

[11:01] {magoo} CRIC pulls back hard

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

[11:12] {fernp} im long .20 HIG w/stop under .10

[11:12] {ese} l rimm .07

[11:12] {ese} little late but will take it

[11:13] {larisa} RIMMs spike must be ese order :)

[11:13] {fernp} trying new things :)

[11:13] {ese} not this time

[11:13] {dino} back to old here

[11:14] {ese} went small like dino

[11:16] {fernp} 1:1 here

[11:16] {Threei} USEG...

[11:17] {Threei} this is nuclear energy realted one

[11:17] {Threei} uranium

[11:18] {dino} ros

[11:19] {ese} dino...you got a target for rimm

[11:20] {dino} .44

[11:20] {ese} tks was thinkin the samew thing .40 to .50's

[11:21] {dino} ros? can't find news

[11:22] {Threei} none

[11:22] {dino} can't get in either w/that spread

[11:22] {larisa} it is just russians come :)

[11:23] {magoo} out CRIC 14

[11:23] {magoo} + .50

[11:23] {Threei} I knew it

[11:23] {magoo} [11:01] {magoo} CRIC pulls back hard

[11:23] {Threei} RU) Russian state banks reportedly ready to lower loan rates

[11:23] {Threei} - Reportedly banks ready to cut rates to 8-12%

[11:23] {dino} rimm to flat, things dead

[11:24] {Threei} lol

[11:24] {magoo} IBM vad..low of day

[11:25] {dino} out rimm

[11:25] {bkhmd} Vad any news on URBN?

[11:25] {Threei} 06:03 URBN BofA/Merrill Lynch Resumed URBN with Buy, price target: $39

[11:26] {ese} rimm stopped

[11:26] {bkhmd} ty Vad

[11:26] {ese} .01 -.06

[11:26] {Threei} BAC tries to form C&H on 1 min

[11:26] {ese} not my day

[11:27] {dino} autcw

[11:27] {nemo} intc hit 2012..end of world

[11:27] {Threei} Long Setup: BAC .40 break

[11:27] {Threei} just a scalp most likely

[11:28] {Threei} stop for scalpers under .35

[11:28] {Threei} for day traders .30

[11:30] {magoo} l IBM .80

[11:30] {fernp} in BAC

[11:30] {ese} in bac .41

[11:31] {magoo} in bac

[11:32] {magoo} vad..read on GOOG..nice chart

[11:33] {Threei} breaky chart...

[11:33] {Threei} volatility is what yoyu can normally expect from GOOG though

[11:34] {ese} if bac can make it past .46 hod......could go for a litle

[11:35] {nemo} aig just lost .80

[11:35] {magoo} ibm no work

[11:36] {nemo} fcx just double topped, dropped and is now levelling or gonna' rise into resistance...might be a short setup

[11:41] {fernp} out HIG .40 2:1

[11:44] {ese} out bac -.05

[11:44] {strider} bcon gettin fried

[11:44] {nemo} somebody say bacon?

[11:45] {strider} pork city

[11:46] {Threei} nice work on HIG fern

[11:46] {fernp} ty

[11:47] {fernp} ese, BAC never lost .35

[11:51] {strider} aig caput

[11:51] {Threei} for late arrivals, and while market slowed down:

[11:51] {Threei} http://www.realitytrader.com/photography/2009/10/giant-pacific-octopus.html

[11:52] {nemo} yeah, lost .80 strider was important level over last week

[11:52] {Threei} CRIC

[11:52] {Threei} China Real Estate Information Corporation CEO: Priced the IPO at a discount in efforts to attract investment; sees real estate market in China in an 'upward trend' - TV interview

[11:52] {Threei} - Aiming to increase subscribers to 4K by the end of 2010

[11:52] {Threei} I think VRSK ceo could take a lesson or two from this guy

[11:52] {magoo} 4k??

[11:52] {magoo} in the context of 4 billion population

[11:53] {Threei} I don't know what he means by subscribers

[11:53] {nemo} It's an information/consulting service Ehouse runs one too

[11:53] {Threei} what's happening with AIG

[11:53] {nemo} lost .80

[11:54] {larisa} lol

[11:55] {strider} larisa is self-amusing

[11:56] {larisa} i wish i was :)

[12:09] {ese} well alrighty then L ener .85

[12:11] {ese} read that wrong it's .83 hmmmmm need glasses

[12:15] {Threei} market does look like bottomed for now, but I have hard time finding trading candidate

[12:15] {magoo} thats cause u are in a coma dreaming of fields of bacon

[12:16] {magoo} goog high

[12:16] {nemo} don't even know what to think about that

[12:16] {fernp} and it's friday and lunchtime

[12:16] {Threei} field of bacon eh

[12:16] {bkhmd} making me hungry

[12:16] {Threei} now that's something to try and envision

[12:17] {bkhmd} candidate for you on the long side Vad watch Coach COH wife says she is going to outlet store this weekend buy all u can buy now

[12:18] {ese} mags how do you trade goog full 1/2 1/4 lots ?

[12:18] {magoo} 400 shares

[12:19] {ese} would like to give it a try sometime with a 200

[12:33] {Threei} (US) CDC: Swine flu deaths are above epedimic levels, unprecedented for the month of Oct

[12:33] {Threei} - 86 children under 18 have died

[12:33] {Threei} - Monthly swine flu vaccine estimates won't be met; production of H1N1 vaccine for coming weeks has been delayed

[12:33] {Threei} - H1N1 is now widespread in 41 states, up from 37 last week

[12:37] {dawg} thank you ese for ener in .84 out .93

[12:39] {strider} goog ATR 9.50 :)

[12:39] {ese} your welcome....am gonna ride this for a bit

[12:39] {dawg} yes looks like its heading higher alright

[12:41] {ese} ya .....i'm likin the look of the 15 min chart

[12:42] {ese} who knows though......the way my days goin

[12:44] {dino} dsw

[12:46] {larisa} next time vad says "what's happening with AIG", I buy all I can :)

[12:47] {Threei} well... I promised to do the same with your HIG mentions and what did you do?

[12:47] {Threei} you stopped mentioning it!

[12:48] {Threei} so... do I reciprocate and never ever mention AIG anymore?

[12:49] {larisa} i guess so

[13:00] {Threei} QDEL Reports Q3 $0.50 v $0.27e, R$56.2M v $40.7Me

[13:00] {Threei} halted

[13:05] {strider} why would they halt that?

[13:09] {Threei} some companies request halt before earnings announcement

[13:13] {strider} thx

[13:13] {strider} I thought it was only done on bad news

[13:13] {Threei} Long Setup: HIG .30 break

[13:13] {nemo} C&H aig

[13:14] {fernp} stop Vad?

[13:14] {Threei} .20 or .15

[13:14] {Threei} nice spot nemo

[13:15] {nemo} sorry...a little late

[13:18] {Threei} MSFT Balmer: Optimistic about economy (26.30, -0.41, -1.54%)

[13:21] {fernp} ty Vad

[13:21] {Threei} :)

[13:23] {bkhmd} thanks Vad

[13:23] {Threei} sure thing

[13:28] {ese} out ener .02 +.19 pieced it out 15k

[13:28] {fernp} gj ese

[13:28] {ese} tks

[13:29] {ese} have a great weekend all

[13:29] {ese} gotta go

[13:29] {fernp} bye ese

[13:29] {bkhmd} good weekend Ese

[13:29] {strider} see ya, ese

[13:29] {ese} cya fern bk st

[13:29] {strider} I'm leavin early also. Stopped at lunch with a good day.

[13:29] {Threei} wtg ese

[13:30] {magoo} IBM vad..read?

[13:30] {Threei} AIG works after nice pullback right back into trigger

[13:30] {Threei} and HIG hit over 1:1 for traders and 1:2 for scalpers

[13:30] {Threei} no mags

[13:30] {magoo} how about GS?

[13:31] {Threei} up from here

[13:31] {Threei} but no stryucture to the play

[13:32] {Threei} we spotted the trurnaround in the market just right

[13:32] {Threei} not many essy to follow candidates, but did get some,

[13:32] {Threei} and avoided attempts to short at what would turn to be a day's low

[13:33] {strider} See y'all Monday.

[13:36] {magoo} c u strider

[13:36] {Threei} take care strider

[13:37] {lasertrev} later strider

[13:43] {magoo} out hig .58 ty boss

[13:44] {Threei} :)

[13:48] {Threei} went for GS?

[13:50] {magoo} no

[13:50] {magoo} nice read tho

[13:51] {magoo} entry was a lil vague he he

[13:51] {Threei} a lil? :)

[13:51] {Threei} it was as vague as it can be

[13:51] {Threei} next to "buy it somwhere"

[13:58] {dino} giddy up shaw

[13:59] {dino} .00 wall

[14:02] {dino} stop to .90

[14:03] {dino} stopped +.40

[14:20] {bkhmd} read on BAC anyone?

[14:20] {Threei} sure

[14:20] {Threei} first is B

[14:20] {Threei} then A

[14:20] {Threei} unlike normal way where A would be dfirst and B second

[14:20] {Threei} but then C on it's normal placw

[14:21] {Threei} this is my comvoluted way to say stay away from it

[14:21] {bkhmd} tc

[14:21] {bkhmd} ty*

[14:22] {Threei} if you think it's too convoluted, don't forget: I am being case-hardned in everyday's communication with nemo and magoo

[14:22] {dino} vmi to .15

[14:22] {nemo} aig break of .35?

[14:23] {Threei} rather yes than no, but kind of 51/49

[14:23] {dino} to .25

[14:23] {nemo} let me try

[14:23] {nemo} A

[14:23] {dino} out +.50 ave

[14:23] {nemo} I

[14:23] {nemo} G

[14:23] {Threei} there... you can do it

[14:23] {Threei} wtg dino

[14:23] {dino} that sucker was tough

[14:26] {nemo} seems like every thing moving w/market

[14:27] {patience} .

[14:30] {dino} ..

[14:30] {dino} ;)

[14:31] {patience} :)

[14:32] {Threei} \|/

[14:33] {dino} ;-)

[14:33] {dino} esi good drop

[14:33] {Threei} men can think of it as roof TV antenna, women as of flower

[14:34] {dino} i saw a pitchfork

[14:34] {Threei} that works too

[14:34] {magoo} i saw a, um...er..female body part lol

[14:34] {nemo} wow

[14:35] {nemo} I saw Vad's horns

[14:35] {Threei} Martha Stewart Living Omnimedia Inc Dropping K-Mart and Sears relationships

[14:35] {Threei} magoo... I guess some people will see that in any drawing...

[14:36] {Threei} just like shrinks - whatever you show them, they see Rorshach ink spots

[14:36] {nemo} No...that's what the charts look like that Dino picks

[14:37] {Threei} Home Depot would launch exclusive MSO brand available at all stores beginning Jan 2010.

[14:37] {Threei} Market Internals update at 2:00pmET

[14:37] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 3.1:1.

[14:37] {Threei} - NASDAQ volume 1.43B shares, about 2% below its three-month average; decliners lead advancers by 1.9:1.

[14:37] {Threei} - VIX index -0.75% to just over 21.50

[14:37] {nemo} that's weird

[14:38] {Threei} Microsoft Corp CEO Ballmer: Optimistic about economy; not so optimistic on stock market

[14:38] {Threei} - Says businesses will be slow to hire or invest.

[14:38] {Threei} - Believes MSFT has performed well in competition with Apple; likes MSFT's 96% market share versus Apple's 4%; competition makes everyone sharp.

[14:38] {Threei} - Expenses will increase at a slower rate in new economy.

[14:38] {Threei} - Says mobile smart phone market still in infancy.

[14:38] {dino} martha stewart osb, 2x4s, t-111

[14:39] {Threei} lol

[14:40] {nemo} hate t-111

[14:40] {nemo} doesn't hold paint for diddly-squat

[14:41] {dino} use stain

[14:41] {nemo} true

[14:41] {dino} vinyl preferred

[14:41] {dino} it's final

[14:41] {nemo} most vinyl siding looks like crap

[14:42] {Threei} things I learn here...

[14:42] {dino} hmmmmm, mr big bucks

[14:43] {larisa} nemo you sound like my hubby

[14:43] {nemo} hig breaking out on 5 minute

[14:43] {nemo} hardly

[14:43] {nemo} so rip or rot Vad?

06[14:43] * nemo channels magoo

[14:43] {Threei} neither...

[14:44] {Threei} sideways

[14:44] {nemo} most frustration to the most people...makes sense

[14:47] {dino} frustration incorporated

[14:47] {nemo} How'd you know about my last relationship?

[14:48] {dino} good tune

[14:48] {Threei} we just look at you

[14:48] {nemo} who did it?

[14:48] {nemo} not worthy of how far I stuck out my chin, Vad...

[14:48] {Threei} probably not... but it's Friday

[14:49] {Threei} bar is lower

[14:49] {nemo} true...

[14:49] {dino} i forget nemo, something about misery loves company

[14:49] {Threei} also, there is that concept of pre-emptive strike

[14:49] {nemo} Ahhh....Bush Doctrine

[14:49] {dino} no 3i obama is taking that option off

[14:50] {dino} so don't fear reta;iation

[14:50] {Threei} I know, that's why I do my part to preserve what I can

[14:50] {dino} ;=l

[14:50] {Threei} at least in this room pre-emptive greetings will be allowed

[14:51] {nemo} Bye Lari

[14:51] {Threei} someone connects in the morning - you say hi to him before he does

[14:51] {Threei} there... nemo'

[14:51] {Threei} s practicing

[14:51] {nemo} just call me Pavlov's

[14:51] {Threei} now... is it a safe bet that on Monday nemo'll do something deserving a trout?

[14:52] {dino} you dog

[14:52] {nemo} maybe I won't show up...

[14:52] {Threei} why would you want to do that?

[14:53] {nemo} avoid a trouting

[14:53] {Threei} all the more reasons for pre=emptive trouting TODAY

[14:53] {nemo} aig short?

[14:53] {Threei} can't tell

[14:53] {nemo} you can now

[14:54] {Threei} AIG doesn't have much connection with market today

[14:54] {dino} cryp l .02 stop .94\

[14:54] {nemo} Mmmmmhhhh...makes me think.....ow!

[14:55] {nemo} Anyway, if not connected to market, then does it just trade on it's own pattern?

[14:55] {nemo} Thus, don't look at the market for clues

[14:55] {dino} its the tree falling in woods thing

[14:56] {Threei} that's the problem,

[14:56] {Threei} it largely trades with no patterns today

[14:56] {Threei} sometimes something shapes up

[14:56] {Threei} but mostly it's random

[14:56] {nemo} yeah, except around that .80 level

[14:56] {Threei} yes,

[14:56] {nemo} bounced off it, then once it broke boom

[14:56] {Threei} and the one where you asked about long

[14:56] {nemo} moth

[14:57] {nemo} had forgotton about that one

[14:58] {dino} what do you have w/ one moth ball here...........................and here?

[14:58] {nemo} I give up

[14:59] {dino} pretty big moth

[14:59] {nemo} oy

[14:59] {Threei} lol

[14:59] {Raven} +

[15:00] {dino} lol i woke up raven

[15:00] {nemo} wow,,,guess he has a pulse

[15:00] {larisa} best joke for today.. {cough}

[15:00] {nemo} hehehehe

[15:00] {dino} ty

[15:00] {Threei} which one?

[15:00] {nemo} the only one

[15:00] {nemo} the rest were comments either patronizing or denigrating...standard fare for this asylum

[15:01] {Threei} we pride ourselves in being generally obnoxious nemo

[15:01] {Threei} Ok... I do

[15:01] {nemo} obviously...else why would you let me stay...my nature fits...and I'm an easy target

[15:02] {dino} two beavers swimming in river, hit concrete wall, one looks at other and says, "dam"

[15:02] {nemo} you still in Hig Vad?

[15:02] {nemo} oy

[15:02] {Threei} no

[15:03] {Threei} nah dino... moth still has a prize

[15:03] {Threei} I am still giggling

[15:03] {larisa} right :)

[15:03] {dino} ok, i am done

[15:03] {Threei} hard to top that :)

[15:03] {Raven} I don't get it

[15:04] {nemo} go back to the roost Raven...

[15:04] {nemo} besides...you'll only ruin your patrician sensibilities

[15:05] {Raven} I am diurnal ... do not roost during day

[15:05] {nemo} o.k. so, crepuscular also?

[15:05] {nemo} frickin hig

[15:05] {Raven} I am not a pervert\

[15:06] {nemo} oy

[15:06] {dino} protest too much?

[15:06] {Raven} lol

[15:06] {nemo} yeah hit a sensitive spot

[15:07] {Raven} {---------- circling nemo

06[15:07] * nemo crawls in cave....closes door...grabs double barrel shotgun...pulls blanket over head...grabs teddy

[15:08] {nemo} aig toying with a drop again...can't rea this one though

[15:09] {Threei} 41 break...

[15:10] {Threei} if stays below .10-.15

[15:10] {magoo} sigh..whats wrong w/u today

[15:10] {larisa} on what?

[15:10] {magoo} 41?

[15:10] {Threei} 43

[15:10] {Threei} AIG

[15:10] {nemo} yeah...put the bottle away

[15:13] {dino} esi sm l .42

[15:15] {nemo} spy did it again...look at the trendline on the 5 min since the lows

[15:16] {nemo} as a matter of fact, the slope last 4 days on the spy is remarkably consistent

[15:16] {fernp} have a nice weekend everybody. be good. see u all on monday.

[15:17] {dino} cya fern

[15:17] {Threei} take care fern, have a good one

[15:17] {bkhmd} later Fern

[15:17] {magoo} fern:)

[15:19] {dino} cryp stopped .98-.04\

[15:20] {Threei} 1:1

[15:24] {Threei} wtching HIG again

[15:26] {Threei} 1:2 AIG

[15:27] {Threei} QDEL is about to open

[15:28] {Threei} huge earning/revenue beat

[15:28] {Threei} oh sorry, opened already

[15:28] {larisa} for looong time :)

[15:28] {Threei} yeah, read wrong line

[15:35] {dino} rovi

[15:35] {dino} dsw hl l .70

[15:38] {larisa} -100 or +20 finish ?

[15:38] {dino} -20

[15:38] {Threei} -20

[15:38] {larisa} nah

[15:38] {nemo} psitive

[15:47] {magoo} -99

[15:48] {Threei} BAC Reportedly House panel to hold hearings on BoA/Merrill merger next Thrs (17.31, -0.79, -4.36%)

[15:48] {larisa} men are wierd, 2 choices, they pick everything else.. one picks not even number..

[15:49] {Threei} lol

[15:49] {Threei} this is second best today

[15:49] {Threei} right after the moth

[15:50] {larisa} sigh

[15:50] {dino} out dsw .76, +.06

[15:51] {bkhmd} Hig Bounce?

[15:52] {Threei} yes but 8 min till close...

[15:52] {bkhmd} ahhhhhhhhhhhhhhh

[15:52] {bkhmd} need to set an alarm clock

[15:52] {bkhmd} lol

[15:58] {bkhmd} good wekend all

[15:59] {bkhmd} thanks for the lesson vad

[15:59] {Threei} about watch??

[15:59] {nemo} alarm clock

[15:59] {bkhmd} lol

[15:59] {Threei} thank you all guys

[15:59] {Threei} a bit turbulent week

[15:59] {Threei} and larisa was closer to the right number

[15:59] {bkhmd} better week ahead perhaps

[16:00] {nemo} frickin optimists

[16:00] {Threei} lol

[16:00] {Threei} havce a good weekend

[16:00] {Threei} see you on Monday

[16:00] {larisa} bye :)

[16:00] {magoo} u 2 vad

[16:00] {lasertrev} have a good weekend everyone

[16:00] {nemo} cya

[16:20] {dino} later all, have a good one

Oct 15 2009

Somewhat listless day. Some things worked, some didn't, ended roughly about flat.

Session Time: Thu Oct 15 00:00:00 2009

[07:40] {KSystems} important news in an hour?

[07:59] {magoo} morning

[08:07] {magoo} cap'n:)

[08:07] {nemo} sir :)

[08:08] {magoo} im looking to grab a bounce scalp out of GS

[08:08] {nemo} That's what I would expect :)

[08:13] {nemo} Dunedin

[08:14] {nemo} you get that one mags?

[08:18] {magoo} firstsign of strength

[08:18] {magoo} .90 in

[08:18] {magoo} small

[08:19] {magoo} 500 sh

[08:26] {Threei} US) Former Fed Chairman Greenspan: US firms have cut too many workers, likely to need to add more

[08:26] {Threei} - Seeing a "remarkable collapse" in risk spreads.

[08:26] {Threei} - Economies are on the rise world wide.

[08:27] {Threei} cut too may and likely to add more?

[08:27] {nemo} his predictions have been so spot on...not

[08:27] {KSystems} morning to you too Vad :D

[08:27] {Threei} yeah, that/// morning

[08:27] {nemo} Gruss di' K

[08:28] {Threei} (US) Many US financial firms are on track to pay their employees about $140B in 2009 (+20% y/y), which would be a record high - WSJ

[08:28] {Threei} - The data relates to workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges.

[08:28] {magoo} no work

[08:29] {nemo} no

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 514K V 520KE; CONTINUING CLAIMS: 5.992M V 6.000ME

[08:31] {bkhmd} that is good info

[08:32] {nemo} marginally better

[08:32] {nemo} These things always get revised and usually worse

[08:38] {magoo} i was 1 point early

[08:39] {nemo} yeah...how big your stop?

[08:39] {magoo} .50

[08:40] {nemo} where'd you enter?

[08:41] {magoo} so..sel;ling BLOWOUT numbers...so GUN to VADS head here....odds are goog sells off after report

[08:41] {magoo} 186.90

[08:42] {magoo} [08:18] {magoo} firstsign of strength

[08:42] {magoo} [08:19] {magoo} .90 in

[08:42] {magoo} [08:19] {magoo} small

[08:42] {magoo} [08:19] {magoo} 500 sh

[08:42] {nemo} what have the tech's been doing. intc-lukewarm response overall rimm-nothing to write home about. Google is an advertising company-what it does on the report, I don't know, but sell-off would be my bet

[08:43] {magoo} goog will post blow out numbers

[08:43] {magoo} but gauging reaction is what threatens vads life

[08:44] {nemo} I don't doubt it...so didn't GS, JPM, INTC

[08:45] {nemo} poor Vad...life hanging by a thread

[08:45] {Threei} GS reported below whisper number which was 6

[08:45] {magoo} like always...ever since i signed up lol

[08:45] {Threei} rofl

[08:45] {nemo} Great...whisper numbers are back

[08:46] {Threei} they never went anywhere

[08:46] {magoo} i know..dip shit cramer had the 6 out

[08:46] {Threei} mags... now, can you imagine the effect of nemo joining??

[08:46] {nemo} me joining what?

[08:46] {Threei} see?

[08:47] {Threei} how do I put up with that...

[08:47] {magoo} yea...i feel for u boss..."what to do...what to do....???" vad

[08:47] {Threei} deep breath?

[08:48] {magoo} i'm troubling...but nemo is on a whole different plain u must admit vad

[08:48] {cosmo} acor

06[08:48] * nemo crawls in cave...closes door...grabs teddy bear...pulls blanket over head.

[08:48] {Threei} I do mags... and now for the final accord: how about dealing with you two combined??

[08:48] {magoo} magoo knocks on nemos cave door...hands him bottle of vodka

06[08:49] * nemo waves

[08:49] {Threei} yeah, ACOR was halted for the FDA announcement

[08:49] {magoo} all day wasnt it?

[08:50] {cosmo} 26 so far

[08:51] {Threei} yeah

[08:52] {magoo} acor avail short fyi..not saying thats the way

[08:56] {cosmo} but ya could'a

[08:58] {fernp} Good morning everybody

[08:58] {magoo} fernp:)

[08:58] {Threei} fern :)

[08:59] {bkhmd} gm fernp

[08:59] {nemo} anybody a hockey fan?

[08:59] {nemo} watch this: http://www.boston.com/sports/hockey/bruins/extras/bruins_blog/2009/10/the_most_talked.html

[09:08] {cosmo} acor needs to hold 24 imho

[09:08] {cosmo} pre mkt

[09:09] {ese} GM

[09:09] {lasertrev} gm all

[09:09] {Threei} ese, trev :)

[09:11] {strider} morning all

[09:11] {nemo} dude, LT

[09:11] {ese} hey vad.....not dizzy today....what a concept......

[09:11] {nemo} Dunedin

[09:12] {ese} dude

[09:12] {nemo} ahhh...Gillespy

[09:13] {Threei} strider :)

[09:13] {strider} :)

[09:14] {ese} sssstttttttt!

[09:15] {nemo} is that a stuttering stock call dude?

[09:15] {ese} nahh....thats my hello for strider

[09:15] {nemo} ty

[09:16] {strider} eeeeeeeeeeeeeeeeeeeeeee

[09:16] {ese} trying to make it sound personal

[09:16] {strider} my hello for ese

[09:16] {bkhmd} ese feeling better?

[09:17] {bkhmd} was it you that had the bug yesterday?

[09:17] {ese} ya a little

[09:17] {ese} some flu thing

[09:17] {bkhmd} scary

[09:17] {ese} still have it

[09:18] {ese} who knows what these things are these days........

[09:18] {bkhmd} when I was going through immigrations in Japan and Korea last week they were scanning all people with heat camera to detect fever half the people i seen in airport had mask on

[09:18] {bkhmd} scary stuff

[09:19] {ese} wow

[09:19] {bkhmd} im in maryland now and i see we have one of the highest cases of H1

[09:19] {ese} really.......

[09:20] {ese} why maryland of all places

[09:20] {bkhmd} dont know

[09:21] {ese} huh...go figure

[09:21] {nemo} Near DC

[09:21] {bkhmd} perhaps

[09:21] {magoo} AIG vad look

[09:21] {ese} ahhh makes sense...foreign dignataries etc etc

[09:21] {magoo} 1 pt bar up

[09:22] {nemo} lot's of government and corporations in that area

[09:22] {dino} gm all

[09:22] {bkhmd} gm dino

[09:22] {ese} dino

[09:22] {bkhmd} I work in DC but i dont see people wearing mask maybe they should lol

[09:23] {ese} news on aig mags

[09:23] {nemo} so appropos it was built on a swamp

[09:23] {dino} they shut a school dfown last week in scranton, pa flu related.

[09:24] {Threei} bkhmd, dino :)

[09:24] {ese} well ...i'm not shut down thats for sure

[09:24] {bkhmd} hey Vad

[09:24] {Threei} AIG had news mags

[09:24] {Threei} American International Group, Inc To recognize Q4 loss of $1.4B under "held for sale" accounting rules, following agreement to sell 97.57% share of Nan Shan Life Insurance Company - filing

[09:24] {Threei} - Entered into an agreement to sell the 97.57 percent share of Nan Shan Life Insurance Company, Ltd. (Nan Shan) held through its subsidiaries to a consortium for approximately $2.15 billion

[09:25] {Threei} The Goldman Sachs Group Inc CFO: This is not the best environment I've ever seen, Goldman is getting a bigger share of a smaller pie - conf call Q&A

[09:25] {Threei} - Facing uncertain capital and regulatory environment

[09:25] {Threei} - Seeing credit spreads much lower than in the first half of the year, but still wider than normal. Tightening will continue.

[09:25] {Threei} - Reiterates that Goldman will not make any final decisions on compensation issues untill the end of the year

[09:31] {Threei} watching HIG for bounce scalp

[09:32] {Threei} want deeper selloff

[09:33] {Threei} .70 recross happened too fast

[09:37] {Threei} JAZZ

[09:37] {fernp} BAC possible db...

[09:40] {Threei} Long Setup: LVS 17 brea if stays above .90

[09:41] {fernp} in

[09:42] {magoo} ni

[09:42] {fernp} under .90 stop?

[09:42] {Threei} yes

[09:42] {Threei} HIG finally decent pullback

[09:44] {Threei} Long Setup: HIG .70 break if stays above .60

[09:44] {fernp} in

[09:44] {magoo} ni

[09:45] {fernp} out HIG ty

[09:45] {Threei} 1:1 HIG

[09:45] {Threei} half out .84

[09:45] {Threei} scalpers are scalpers

[09:45] {Threei} 1:2

[09:46] {magoo} tou

[09:46] {magoo} yt

[09:46] {magoo} .91

[09:46] {Threei} day trading routine is on

[09:47] {Threei} 1/4 more out

[09:47] {nemo} out .92

[09:47] {dino} aixg sm l .71 stop .47

[09:48] {Threei} LVS doesn't looks like in a good working condition

[09:48] {Threei} yeah, no worky

[09:48] {fernp} out

[09:48] {magoo} HOG ripped

[09:48] {nemo} slaughtered

[09:48] {dino} hog, misses, fills gap down couple days ago, then fills open gap, hmmm

[09:48] {nemo} amazing...missed horribly on earnings

[09:49] {Threei} marlboro man shot all the shorters?

[09:50] {Threei} HIG 1:3, full out

[09:50] {Threei} +.30

[09:50] {magoo} nice

[09:51] {Threei} awww

[09:51] {Threei} should have trailed

[09:51] {magoo} HOGwild

[09:54] {Threei} ugh

[09:54] {Threei} gesitated to make a call on AIG .50 break

[09:55] {nemo} you could have gone home on that call

[09:56] {Threei} you are saying that now

[09:56] {nemo} I didn't know about it...when else did you expect me to say it

[09:56] {Threei} if I made the call and asked, you'd be first to trip me on my way to the door

[09:56] {nemo} poison on the door knob

[09:57] {magoo} ACOR trying

[09:57] {Threei} watching RIMM

[09:57] {Threei} want little pullback, then break of .60

[09:57] {nemo} HOG short?

[09:57] {Threei} desirably never losing .50

[09:58] {Threei} Long Setup: RIMM .60 break if stays above .50

[09:59] {Threei} loss of .50 HOG, may be

[09:59] {Threei} but keep size reasonable

[09:59] {Threei} volatility is a killer on this one

[10:00] {Threei} OCT PHILADELPHIA FED INDEX: 11.5 V 12.0E

[10:02] {strider} xlnx short?

[10:02] {Threei} RIMM is on again

[10:02] {magoo} in

[10:03] {fernp} triggered?

[10:03] {Threei} no

[10:03] {magoo} aggress

[10:03] {nemo} off again

[10:03] {fernp} ok

[10:03] {Threei} don't see anything indicative on XLNX

[10:03] {nemo} magoo is such a wallflower

[10:03] {magoo} dont want to miss it

[10:04] {Threei} nemo, just modify it a bit

[10:04] {Threei} cut shares a little, keep .45 as support

[10:04] {Threei} (US) House Panel: approves measure to regulate derivaties (related CME )

[10:06] {dino} hog sm s .24

[10:06] {magoo} HOG 3 point po

[10:06] {magoo} pop

[10:06] {dino} forgot order\

[10:06] {nemo} issue

[10:07] {dino} snowing here

[10:08] {Threei} wow

[10:08] {Threei} yikes

[10:08] {strider} out +.11

[10:08] {bkhmd} dino where?

[10:08] {dino} 1-3 inches

[10:08] {nemo} PA

[10:08] {dino} ne pa

[10:08] {strider} .71

[10:08] {nemo} was 20 degrees here this morning

[10:08] {bkhmd} wow

[10:08] {Threei} let me reiterate yikes

[10:09] {dino} vad kick that pig hog down

[10:09] {nemo} global warming

[10:09] {bkhmd} cold air coming down from Vad's place

[10:09] {nemo} no, that's hot air

[10:09] {bkhmd} lol

[10:11] {Threei} NVAX Hearing Oppenheimer speculating that company is in talks with partner on swine flu product (4.06, +0.29, 7.69%)

[10:12] {nemo} plim slickens so far

[10:12] {fernp} I hate RIMM

[10:12] {Threei} didn't it hit 1:1?

[10:12] {nemo} rhetorical

[10:13] {fernp} 1 cent for me

[10:13] {fernp} my fault

[10:13] {strider} I got 1

[10:13] {ese} i would like to echo the ....i hate rimm sentament

[10:13] {strider} 1:1

[10:13] {strider} jbht

[10:13] {nemo} Was gonna' say strider, pretty amazing scalping there

[10:14] {fernp} thanks ese thanks

[10:14] {magoo} been kickin HOG for ding dong

[10:14] {magoo} er um dino

[10:14] {nemo} dino top ticked that puppy

[10:14] {nemo} er...piggy

[10:14] {Threei} hoggy?

[10:15] {nemo} okey dokey

[10:15] {dino} hog to .85

[10:15] {magoo} GET OUT OF MY SWAMP NEMO

[10:15] {dino} cov +.39

[10:15] {nemo} nice work

[10:15] {nemo} now...if it drops another .50 we'll chew you out for being a wuss

[10:16] {dino} as deserved

[10:16] {dino} thing is jumpy

[10:17] {nemo} .39 in hand...nah...good work

[10:17] {Threei} what else you would expect from Harley Davidson

[10:17] {nemo} love 'em but they still break down so GD much

[10:17] {dino} lol

[10:17] {nemo} aig...sheesh

[10:18] {nemo} My rice burners never broke down

[10:19] {dino} xlnx sm l .50

[10:19] {dino} had a bunch of yz's and cr's as a kid, great bikes

[10:19] {nemo} Kawi KZs

[10:20] {strider} 1600 Nomad, current

[10:20] {nemo} Mags probably just shaking his head...Husqvarna guy?

[10:20] {dino} cool, in 5 years harley

[10:20] {dino} mid life crisis planning

[10:20] {Threei} HIG...

[10:20] {Threei} new highs, agasinst market

[10:22] {dino} zn sm l .39

[10:23] {dino} hog thru .50 ugh

[10:23] {Threei} two execs from Bear Sterns are being sued for misleading clients about grim investing client in 2007

[10:23] {nemo} wuss :)

[10:23] {Threei} this is pretty amazing

[10:24] {Threei} if they can be sued for that, you can sue whole industry, and throw in whole Fed and Treasury for a good measure

[10:24] {nemo} suing Fed an treasury is suing taxpayer

[10:24] {bkhmd} JC better look out lol

[10:24] {nemo} we're puckered either way

[10:24] {bkhmd} lol

[10:25] {nemo} He'll plead insanity...easy case to prove

[10:25] {Threei} lol

[10:26] {fernp} lol

[10:26] {ese} l fslr .44

[10:27] {Threei} AIG sharp pullback

[10:27] {Threei} watch for dive into .70 where it should be a nice bouncer

[10:27] {Threei} for quick fingers

[10:29] {Threei} feel free to take scalp

[10:30] {Threei} easy 20 cents in a matter of seconds

[10:31] {nemo} hog on yesterday's close

[10:31] {Threei} next bounce point is around .30

[10:32] {Threei} ugh... got there while I typed and bounced

[10:32] {fernp} HIG here testing support?

[10:33] {Threei} near .20 was it... I looked away

[10:33] {ese} out fslr .82 +.38

[10:33] {bkhmd} eseeeeeee

[10:35] {ese} thank you thankyou,,,,,thank you very much!

[10:35] {ese} elvis impression

[10:35] {Threei} I thought Obama

[10:35] {bkhmd} i ws getting ready to type ELVIS in the house

[10:36] {Threei} US Supreme Court Justice Ginsburg hospitalized

[10:36] {Threei} second time in couple months

[10:37] {nemo} she got pancreatic cancer I think...solid organ cancer anyway

[10:39] {bkhmd} aig sneaky

[10:39] {nemo} market tanking careful

[10:39] {Threei} unless you have fast broker and fast fingers, leave AIG well alone

[10:40] {strider} not to worry:)

[10:40] {strider} broker yes, fingers, not yet

[10:43] {fernp} MGM big drop, LVS holding

[10:43] {strider} mgm

[10:44] {strider} sorry...wrong keyboard

[10:44] {nemo} don't do it again

[10:45] {Threei} look at WYNN fern

[10:46] {ese} l fslr 1/2 .38

[10:49] {ese} xerkcies......3 pt beating

[10:49] {nemo} huh?

[10:49] {fernp} WYNN and LVS were valid plays

[10:49] {ese} 3pt beating for wynn

[10:49] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11amET

[10:49] {Threei} **consensus expectations:

[10:49] {Threei} Crude: +1Me

[10:49] {Threei} Gasoline: +1Me

[10:49] {Threei} Distillate: 0.0Me

[10:53] {ese} dam*&^&^% meant to buy another 1/2 and sold original 1/2 at .48 +.10

[10:54] {nemo} makes me feel better about myself

[10:54] {ese} l fslr .50

[10:56] {ese} man how dumb was that......

[10:57] {Threei} HIG

[10:57] {ese} can't remember the last time i did that

[10:57] {Threei} getting into bounce zone

[10:58] {fernp} 28 break?

[10:58] {Threei} I'd prefer lower entry, around .85 - .90

[10:58] {fernp} thks

[10:58] {Threei} but if market strengthens and HIG never gets there, yes

[11:00] {ese} just per chance/curious....was anybody in acor from yesterday?

[11:00] {Threei} it was halted all day ese

[11:00] {ese} hmmmmm

[11:01] {Threei} DOE CRUDE: +334K V +1ME; GASOLINE: -5.2M V+1ME; DISTILLATE: -1.08M V 0.0E; CAPACITY UTILIZATION: 80.9% V 85%E

[11:04] {fernp} you in HIG Vad?

[11:04] {Threei} half... I took aggressive entry so dumped half at .05

[11:04] {Threei} want something like .15 for another half

[11:04] {fernp} thanks

[11:05] {fernp} what is your stop?

[11:05] {nemo} fto

[11:05] {Threei} under .90 at this point

[11:08] {Threei} Rambus Inc Hynix Lawyer: No settlement deal has been reached

[11:08] {Threei} - Rambus has been rising today on chatter of a settlement worth more than $1B plus royalties has been offered by Samsung, Hynix and Micron in their ongoing DRAM litigation.

[11:09] {Threei} Rambus Inc Reportedly gains support from ITC staff in dispute against NVDA; Nvidia and customers infringing two patents

[11:09] {Threei} - Note: the PTO had rejected patent claims on 6/2 that RMBS had asserted against NVDA (The U.S. PTO has initially rejected all 41 claims challenged by NVIDIA in seven patents which Rambus has asserted in litigation against NVIDIA. )

[11:10] {Threei} Long Setup: RMBS .10 break

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

[11:12] {strider} invalid?

[11:12] {Threei} kind of fluid... may reestablish

[11:13] {Threei} IMO, valid for half lot

[11:16] {Threei} ok, in alid

[11:16] {Threei} invalid

[11:16] {nemo} thought you were practicing your aribic

[11:18] {ese} out fslr .50 +1.00...........and thats whaaaa i'm talkeen about

[11:18] {fernp} gj ese

[11:18] {bkhmd} u da man ese

[11:18] {ese} tks fern

[11:18] {ese} bk

[11:19] {ese} opps....my ener position l .84 is up .65 nice

[11:21] {Threei} Long Setup: RMBS .80 break

[11:21] {Threei} if stays above .70

[11:23] {ese} i'm out there as well .46 + .62

[11:23] {fernp} in

[11:26] {Threei} come on RMBS, surely 80 cents pullback deserves 20 cents bounce?

[11:27] {nemo} look at the triangles on the spy and q in 5 minute chart

[11:28] {ese} if this is how you live life on vads board i'm ok with it.......dizzy for a couple of days.....finally come too and your up all over the place.....this is a good way to live

[11:28] {Threei} lol

[11:28] {nemo} musicians

[11:29] {Threei} sigh

[11:29] {ese} alright alright....i'm exagerating a little......

[11:29] {fernp} no go

[11:30] {nemo} you'd probably play one of Chopin's Nocturnes like Night on Bald Mountain

[11:30] {nemo} :)

[11:32] {ese} hey thats a great idea nemo.........

[11:32] {ese} i'm gonna try that tomorrow

[11:33] {nemo} It's kinda' like "Hey, we got over 10, 000, now what do we do?"

[11:33] {nemo} scary ese

[11:33] {nemo} hig DB vad?

[11:33] {ese} you should see the way i eat vads shiskabob....thats scary

[11:34] {nemo} What...he put it in a bowl on the ground for you?

[11:34] {Threei} good chance on HIG

[11:35] {ese} wellllllll.............yaaaaaa kind of

[11:35] {dino} lol

[11:35] {Threei} ese's holding scewer with meat in one hand, grabs glass with vodka from dp with his other hand...

[11:35] {Threei} skewer

[11:36] {Threei} all the while holding the syringe with coffee under is elbow - for later, you know...

[11:36] {fernp} HIG long .81 w/stop below .70?

[11:36] {ese} not they get the picture........grits teeth with mouth wide open..........mean looking skowl on face

[11:36] {Threei} that's the setup I see fern

[11:36] {fernp} tks

[11:36] {nemo} ese...for some reason I can't think of you with a mean scowl

[11:37] {Threei} to polis the image ese: gnaws through stainless steel skewer while eating meat

[11:37] {nemo} oy..has he had his shots?

[11:37] {ese} perfect

[11:37] {Threei} try to take meat from him nemo... it's right up there with trying to take vodka from dp

[11:38] {ese} but it didn't scare patience though........that was the real scary thing

[11:39] {nemo} Rimm...damn

[11:41] {nemo} geez, those triangles continue to tighten

[11:48] {nemo} wag really strong today

[11:50] {nemo} just listening to Art Cashin...TrimTabs claims available cash among money managers down to 1%...so...who's left to buy?

[11:51] {Threei} who?

[11:51] {Threei} some outfits pop up every day out of nowhere, claiming some deep inner knowledge...

[11:51] {Threei} trimtabs this time

[11:51] {Threei} zeroknowledge last time

[11:52] {nemo} "zeroknowledge" good one...

[11:52] {nemo} although...Art Cashin is pretty seasoned...we're not talking some half-baked Bulgarian

[11:53] {Threei} whatever... I am willing to bet my right arm that anyone claiming he knows how much cash money managers have available is full of it

[11:54] {nemo} so...if you're wrong, can I cut it off :)

[11:54] {Threei} as if this information was in any way gathered

[11:54] {Threei} available in any form from somewhere

[11:54] {nemo} yes...it's a statement without knowing the methodology...also, why would money managers be truthful

[11:54] {nemo} So...can I cut it off?

[11:55] {Threei} you are sure welcome to try'

[11:55] {nemo} Gek or short sword should do the trick

[11:56] {nemo} on a trading note...HIG again..aig ascending wedge

[12:02] {nemo} ahhhh....wag buyback...that's the strength

[12:04] {Threei} fern, HIG doesn't go with market... let's scratch it, IMO

[12:04] {fernp} ok

[12:04] {Threei} there... b/e

[12:04] {magoo} HIG does this...becomes a non mover

[12:04] {Threei} sometimes, yes

[12:05] {fernp} +.02

[12:05] {Threei} don't spend it all at once

[12:12] {Threei} OK, I give up... HIG is beyond sensible today, lol

[12:12] {Threei} it almost tagged stop three times while market was consolidating or upticking,

[12:12] {fernp} yeah, reached 1:1

[12:12] {Threei} and went up when market dropped?

[12:14] {dino} hog

[12:16] {Threei} market is pretty much sits it out today

[12:16] {Threei} and it doesn't bode well for the bears

[12:16] {Threei} of course we still have significant earnings ahead

[12:17] {Threei} but overall, there is this feeling of rally continuation in the air

[12:18] {fernp} SPY is breaking hod

[12:19] {bkhmd} yawnnnnnnnn

[12:19] {dino} ogxi

[12:20] {Threei} no news

[12:21] {Threei} look at RMBS

[12:21] {Threei} was it rude or what

[12:21] {bkhmd} very

[12:24] {fernp} yes, I looked at it ealier. I didn't like what i saw. Don't want to look again. lol

[12:24] {Threei} better don't

[12:25] {Threei} it's likely to cause uncontrolled rage resulting in destrying neighborhood

[12:26] {fernp} and HIG 2:1

[12:29] {bkhmd} GLD gonna break down?

[12:30] {dino} out thd .50, +.43

[12:31] {Threei} .65 is a valid trigger for GLD if stays below .75

[12:31] {bkhmd} ty

[12:37] {Threei} US) DoD Undersecretary: Bush Administration doctrine of pre-emptive strikes is under review and may be dropped

[12:38] {Threei} fern... HIG is back into trigger if you want round 2 :)

[12:39] {fernp} lunchtime Vad. Don't know...

[12:39] {Threei} yeah

[12:40] {Threei} and market feels like more sliding down

[12:40] {dino} way to tip your hand

[12:40] {fernp} GLD invalidated and then ....

[12:41] {Threei} it just touxched 1 cent above fern

[12:41] {Threei} not really invalidated

[12:41] {Threei} don't be THAT literal :)

[12:41] {Threei} 1:1

[12:41] {bkhmd} out

[12:41] {bkhmd} thanks vad

[12:41] {Threei} sure

[12:51] {bkhmd} gld bounce or continue to fill some gap?

[12:52] {Threei} bounce time

[12:52] {Threei} nice drop

[12:52] {Threei} anyone hekd for more than scalp?

[12:52] {bkhmd} good vol spike

[12:53] {nemo} and a hammer

[12:53] {Threei} Long Setup: GLD .25 if sdtays above .15

[12:55] {fernp} in

[12:56] {Threei} wow

[12:56] {Threei} that's volatile

[12:56] {bkhmd} took out my stop

[12:56] {bkhmd} yes

[12:56] {bkhmd} abusive

[12:56] {fernp} there are days I should be at the park playing with my daughter and not here... lol

[12:56] {dino} slt

[12:57] {dino} gap fill

[12:57] {Threei} did they discover how to make gold out of dirt?

[12:58] {dino} apparantly not

[12:58] {Threei} they way GLD drops you'd think they did

[12:59] {fernp} alchemy, no?

[12:59] {bkhmd} im going back to read the book again that volume spike had bounce all over it

[12:59] {nemo} they don't work every time

[12:59] {Threei} yeah

[12:59] {bkhmd} yep

[12:59] {Threei} do you expect it to be 100%?

[13:00] {bkhmd} nope

[13:00] {nemo} got a bullish engulfing with a spike here...another buy sign

[13:00] {dino} off of .00 imo

[13:00] {nemo} you in dino

[13:00] {dino} not yet

[13:00] {dino} ok

[13:01] {nemo} $ is up

[13:04] {nemo} oil almost $77

[13:07] {dino} what do you use for oil?

[13:08] {nemo} I use usl, but looked at the front of fin.viz

[13:08] {nemo} finviz.com

[13:08] {dino} thx

[13:09] {ese} Hey all....signing off....see you all tomorrow

[13:09] {fernp} bye ese

[13:09] {nemo} bye dude

[13:10] {ese} work beckens

[13:10] {bkhmd} later

[13:10] {ese} cya fern, bk nemo vad

[13:10] {Threei} take care ese

[13:12] {dino} slt strange, no bounce

[13:12] {dino} ggc?

[13:13] {Threei} nothing fresh

[13:14] {dino} nor here

[13:14] {Threei} sme serious resstructuring happen in the markets guys

[13:15] {Threei} USD is up, gold is down, oil is up

[13:15] {Threei} this is not your normal relations of last months

[13:15] {nemo} yeah..we had a day recently where all three were up

[13:16] {dino} lufk sm s break .60

[13:18] {dino} ggc strange yearly chart

[13:20] {dino} intc just about filled gap

[13:25] {Threei} FSLR

[13:25] {Threei} First Solar Inc. Reminder: As previously announced, FSLR to be added to the S&P500 after the close of trading today, replacing WYE

[13:25] {Threei} - as of early this afternoon, trading desk sources say that indexers will need to buy 4.6M shares of FSLR.

[13:25] {Threei} - as previously announced, NWSA will replace WYE in the S&P 100 index.

[13:25] {Threei} and it's down half point?

[13:25] {Threei} DNDN Ticks higher on renewed take over chatter

[13:25] {Threei} - AZN again speculated as suitor (29.71, +0.38, 1.30%)

[13:29] {nemo} almost perfect support trend line for SPY and Qs

[13:30] {fernp} WFT 20 break?

[13:31] {Threei} not sure

[13:33] {fernp} GLD nice pattern

[13:39] {Threei} you mean pattern of smacking it down every time it raises its head?

[13:39] {fernp} don't know what i say.

[13:39] {magoo} i had to step away..we in GLD? anything?

[13:40] {Threei} no

[13:48] {Threei} Short Setup: GLD .75 break if stays below .85

[13:48] {Threei} barring it's disgusting volatility, feels like headed toward .50

[13:52] {nemo} cat short vad? .20?

[13:52] {Threei} probably

[13:53] {Threei} with stop over .30

[13:56] {fernp} CAT invalidated

[13:56] {nemo} gld too

[13:59] {Threei} fer... guess what, HIG did it again

[14:00] {fernp} yes

[14:00] {fernp} HIG .70 is the BIG support today

[14:05] {fernp} SPY cup&handle

[14:07] {nemo} look at the trendline on the 5minute fern

[14:08] {fernp} it's perfect

[14:08] {nemo} yeah, it's amazed me all day

[14:08] {nemo} oil solidly through 77...80 next stop

[14:14] {bkhmd} GLD continuation?

[14:14] {Threei} no sligtest idea

[14:14] {bkhmd} or break down?

[14:14] {Threei} thing has no rhyme or reason today

[14:16] {dino} slt out +.13 btw

[14:16] {dino} entry sucked

[14:16] {Threei} guess who is on TV

[14:16] {fernp} magoo

[14:16] {nemo} Vin Diesel?

[14:24] {dino} hog misses big, sales way down, guides lousy and goes up big

[14:24] {nemo} sign of a strong market...

[14:24] {dino} vs. xlnx and intc who both beat and guide higher

[14:25] {nemo} bi-polar market?

[14:25] {dino} obama market, popularity contest, not substance

[14:26] {magoo} vs GS with blowout numbers

[14:26] {nemo} but didn't beat the whisper numbers

[14:26] {magoo} freakin WHISPER

[14:26] {magoo} stupid..manipulated mkt

[14:26] {nemo} Everybody's been playing UPOD so those become important.

[14:27] {nemo} Here's the skinny on google: http://www.bloomberg.com/apps/news?pid=20601087&sid=aIe6wu7IYK1c

[14:29] {dino} intc close enough for fill

[14:30] {nemo} Alright..gotta' go sell politically incorrect merchandise...what are you going to volunteer me for this week while I'm gone?

[14:30] {dino} rumor mill

[14:31] {nemo} You mean like...who is Jennifer Aniston boinking this week?

[14:31] {dino} aixg hl l .32

[14:31] {dino} stop lod

[14:32] {nemo} c u L8tr

[14:33] {dino} cya nemo

[14:33] {Threei} take care nemo

[14:33] {fernp} bye nemo

[14:34] {Threei} ok, let's decide

[14:34] {Threei} market rallies into close or dies

[14:34] {Threei} 'cause if rallies, HIG is an easy mover to 28.15 at least

[14:34] {dino} rallies

[14:34] {Threei} my feeling too

[14:35] {dino} thats what the caesars' coin says

[14:35] {Threei} what if you throw 8-ball at magoo?

[14:35] {magoo} he did that and its broken

[14:36] {Threei} great... now we have no tool for reading the markets :(

[14:36] {Threei} oh wait... I have old dart board

[14:36] {dino} no more magic 8 ball

06[14:38] * KSystems wonders if his face is still sticked to the bull's eye

[14:39] {Threei} I alternate that with nemo's

[14:39] {KSystems} thank you

[14:39] {Threei} in pretence of fairness

[14:39] {fernp} ALL daily chart is promising

[14:40] {Threei} eyeing 32 break?

[14:40] {fernp} y

[14:40] {fernp} HIG sector

[14:40] {Threei} HOG, this is truly remarkable

[14:41] {Threei} if this is how stock reacts on earnings miss, I wonder what it would do should they announce bankruptsy

[14:41] {Threei} would be at 100 already I guess?

[14:43] {Threei} omg

[14:43] {Threei} look CNN

[14:44] {magoo} NNNNNNNOOOOOOOOOOO

[14:45] {magoo} read RIMM vader?

[14:45] {Threei} not really

[14:46] {Threei} uncharacteristically narrow

[14:46] {dino} hog, had/have short order at 28.23, look how close it came

[14:48] {magoo} fee oclock move...fee oclock move comin

[14:50] {magoo} vad..r or r??

[14:50] {Threei} 14:34] {dino} rallies

[14:50] {Threei} [14:34] {Threei} my feeling too

[14:50] {fernp} 28 break Vad?

[14:50] {Threei} chart wise yes,

[14:51] {bkhmd} HIG?

[14:51] {fernp} y

[14:51] {Threei} but I like aggressive entries on it more

[14:52] {Threei} any entry of .70 would be a winner,

[14:52] {Threei} while .80 was... well, you were there

[14:52] {Threei} nerve-wrecking is the word

[14:52] {Threei} mixed with gut-wrenching

[14:53] {Threei} my strong feeling is, 28.15 at least

[14:53] {magoo} in

[14:53] {magoo} .98

[14:53] {dino} esi sm l .00

[14:54] {fernp} in too

[14:54] {Threei} oh wow... I have out-agreesed magoo

[14:54] {dino} hod mkts

[14:54] {bkhmd} too late?

[14:54] {Threei} I wouldn't chase

[14:54] {Threei} see if you get pullback

[14:54] {Threei} if not - just let it go

[14:54] {bkhmd} entry was break of 28?

[14:55] {fernp} in ALL too from .96

[14:55] {Threei} 14:50] {fernp} 28 break Vad?

[14:55] {Threei} [14:50] {Threei} chart wise yes,

[14:55] {Threei} [14:51] {bkhmd} HIG?

[14:55] {Threei} [14:51] {fernp} y

[14:55] {Threei} [14:51] {Threei} but I like aggressive entries on it more

[14:56] {Threei} good entry on ALL

[14:58] {fernp} HIG stop is .85?

[14:59] {Threei} yeah... but you do know that if it gets there and stops us out, it will bounce back up right away, right? :)

[14:59] {fernp} it is not going to happen

[15:00] {fernp} ALL 1:1

[15:00] {Threei} {HIG} hahahaha

[15:00] {fernp} no, 1.5:1

[15:00] {fernp} lol

[15:00] {Threei} very nice one, ALL

[15:00] {fernp} ty

[15:01] {dino} gj

[15:05] {Threei} .me kicks HIG in the rear

06[15:05] * Threei kicks HIG in the rear

[15:07] {fernp} i am half out here

[15:15] {Threei} (US) President Obama: In favor of finding "environmentally friendly" ways of tapping US oil and gas reserves (related USO UNG CARBX )

[15:17] {dino} it's called drilling

[15:20] {dino} out xlnx .70, +.20 all day

[15:20] {fernp} gj

[15:21] {dino} ty

[15:25] {Threei} fern... your ALL sell was pretty much top tick

[15:25] {Threei} and HIG topped out at exactly .15

[15:25] {fernp} only sold 50%

[15:26] {fernp} and I have to admit that I don't know how to read this market

[15:27] {Threei} no one does

[15:27] {Threei} not many admit though

[15:27] {Threei} rally started in March,

[15:27] {Threei} pandits call for reversal since April,

[15:27] {fernp} we need a pullback

[15:28] {Threei} and this howling becomes louder every month

[15:28] {Threei} reaching crescendo in Aug-Sept,

[15:28] {Threei} yet here is Oct and we climb even higher.

[15:28] {fernp} yeah exactly

[15:28] {Threei} So tell me... do they know how to read this market?? :)

[15:28] {fernp} nope

[15:28] {Threei} sure when it finally reverses they all will claim being right

[15:29] {Threei} yet try to follow them and you'll get killed

[15:29] {dino} slt

[15:29] {bkhmd} thats why im here

[15:39] {Threei} too bad this spike was totally out of notwhere on HIG

[15:40] {bkhmd} r u still in Vad?

[15:40] {fernp} too bad?

[15:40] {Threei} no

[15:40] {fernp} ah!!

[15:40] {magoo} look fslr vad..with buys right?

[15:40] {Threei} I mean too bad it didn't give any indication for new entry

[15:40] {fernp} out here

[15:40] {Threei} mags, this things NEVER works

[15:40] {fernp} ty very much

[15:40] {Threei} I saw it many times

[15:41] {Threei} welcome fern

[15:41] {fernp} I go to the bed

[15:41] {magoo} agree lately

[15:41] {magoo} was in aug

[15:41] {Threei} this "rebalancing" thing I mean

[15:41] {fernp} good evening everybody. see u all tomorrow

[15:41] {bkhmd} tc fern

[15:41] {Threei} managers haave to buy, let's all pile up before they do - yeah right

[15:41] {Threei} take care fern

[15:43] {dino} cya fern

[15:46] {Threei} uneventul ending

[15:46] {Threei} still up 10-15 points

[15:46] {Threei} and 10K is holding

[15:46] {gnslng} for learning purposes is that a c & h from 1400 to 1450 on HIG on 1 min ?

[15:47] {Threei} yes

[15:47] {gnslng} ty

[15:47] {Threei} bears must be getting really frustrated

[15:47] {Threei} well, those that are still alive

[15:47] {Threei} which should not be too many

[15:52] {bkhmd} hig trying to break

[15:53] {bkhmd} last minute jail break

[15:53] {dino} aixcg out .60 +.27

[15:53] {Threei} you'd think market should get very exciting after 10K break, yet it was fairly boring

[15:54] {bkhmd} I dont know much but my thoughts would have been caution

[15:54] {Threei} with GOOG and IBM coming, no wonder actually

[15:55] {dino} fgi

[15:55] {bkhmd} can GOOG beat?

[15:55] {Threei} why not

[15:55] {dino} too fast

[15:55] {bkhmd} Vad the vol spike on HIG last minute would usually mean a top and look for pull pack?

[15:56] {Threei} more often than not, yes

[15:56] {bkhmd} ty

[15:56] {Threei} GOOG sold off pretty good today

[15:56] {bkhmd} fear or maybe leaks

[15:56] {bkhmd} ?

[15:57] {Threei} your guess is as good as anyone else's

[15:58] {dino} out zn ave +.08

[15:58] {bkhmd} hmmm Hig didnt do what i would have thought Pull back to .16 and test support

[15:59] {Threei} okay guys, somewhat listless day

[15:59] {bkhmd} thanks for the lesson VAD have a good night

[16:00] {Threei} have a good evening, see you all tomorrow

[16:01] {Threei} GOOG, sheesh

[16:01] {Threei} Reports Q3 5.89$ v $5.42e, R$4.03 v $4.24B

[16:02] {dino} wow, don't know how but out esi .09

[16:03] {Threei} IBM Reports Q3 $2.40 v $2.38e, R$23.6B v $23.4Be

[16:04] {Threei} Guides FY09 EPS $9.85 (at least) v $9.78e (Guided FY09 EPS "at least" $9.70 on 7/16)