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)

Oct 14 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Careful restrained trading after losing day and starting out with fresh mind worked miracles. 4 calls, 4 wins one of which was HIG 60 cents profit - and room members found quite a few winning trades on their own and shared generously. One losing day difference maketh not.

Session Time: Wed Oct 14 00:00:00 2009

[08:20] {nemo} we break 10k yet?

[08:20] {Threei} {10K} yeah, I am broken... why oh why do you all hate me

[08:21] {nemo} nothin' personal...just business

[08:30] {Threei} *SEPT IMPORT PRICE INDEX M/M: 0.1% V 0.2%E; Y/Y: -12% V -11.4%E

[08:30] {Threei} SEPT ADVANCE RETAIL SALES: -1.5% V -2.1%E; EX AUTOS: 0.5% V 0.2%E

[08:30] {Threei} - Retail Sales Ex Auto&Gas: 0.4% v 0.2%e

[08:33] {fernp} Good morning everybody

[08:34] {Threei} fern :)'

[08:34] {larisa} gm :)

[08:34] {Threei} larisa :)

[08:35] {nemo} lari :)

[08:35] {nemo} fern :)

[08:35] {nemo} Dunedin :)

[08:39] {bkhmd} gm all

[08:39] {Threei} bkhmd :)

[08:39] {nemo} formally BKHMD :)

[08:40] {bkhmd} lol

[08:40] {Threei} wow

[08:40] {nemo} what wow?

[08:40] {bkhmd} cap locks were on when logging in hope it didnt offend anyone

[08:40] {Threei} I am amazed that I like your joke... second time in what, three days?

[08:40] {nemo} yeah...scary

[08:41] {nemo} Maybe you should go see a neurologist?

[08:43] {Threei} trying to take advantage of larisa being here this time?

[08:44] {cosmo} neurologist?

[08:44] {magoo} morning'

[08:44] {nemo} brain doctor cosmo

[08:44] {cosmo} lars?

[08:44] {Threei} magoo

[08:44] {cosmo} ah

[08:45] {nemo} I think she likes to be called "Lari" cosmo

[08:45] {cosmo} k

[08:45] {cosmo} my mistake

[08:45] {larisa} morning cosmo, do not change your ways please :)

[08:46] {nemo} happens to the best of us

[08:46] {cosmo} can't help it ... getting old

[08:46] {nemo} mags :)

[08:46] {strider} good morning. everyone

[08:46] {bkhmd} morning stride

[08:46] {Threei} strider :)

[08:46] {nemo} yeah...what he said

[08:46] {strider} :)

[08:50] {Raven} {}

[08:50] {Threei} R :)

[08:50] {nemo} equivocating again

[08:51] {Raven} T:)

[08:51] {Raven} just checking my pulse

[08:51] {Threei} it's there I take it?

[08:51] {Raven} erratic

[08:51] {Threei} as long as it's there...

[08:51] {Raven} good point

[08:51] {magoo} u in anything vad?

[08:51] {nemo} mmmmhhhh...apt description of my mental state Raven

[08:52] {Raven} clearly

[08:52] {Threei} let's try to calm it down by the magic force of art:

[08:52] {Threei} http://www.realitytrader.com/photography/2009/10/past-curfrew-part-ii.html

[08:52] {Threei} no mags

[08:52] {Threei} after INTC earnings took some AONE at .65 but dumped it at .90

[08:53] {Threei} woke up a bit late, could get 24 with change

[08:56] {cosmo} cien

[08:56] {cosmo} 14.20 so far

[08:56] {cosmo} oops

[08:57] {Raven} nice harbor pics 3i ... but the cynic in me says "light pollution"

[08:58] {Threei} silence him down... he is too politically correct

[08:58] {Raven} I'll work on it

[09:08] {bkhmd} DOW 10K today?

[09:09] {Threei} just 12 points away

[09:09] {nemo} that's what everybody thinks

[09:09] {Threei} and, for all practical intends and purposes, it's already there

[09:09] {Threei} what does it matter whether actual numbers prints or not

[09:09] {lasertrev} morning

[09:09] {Threei} trev :)

[09:13] {Threei} as always with big gaps, main challenge is to recognize what we are dealing with: smakcdown, consolidation and continuation or staying locked up in narrow range

[09:14] {bkhmd} odds are?

[09:14] {Threei} got a coin to toss?

[09:14] {bkhmd} all of the above? lol

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:18] {strider} drys

[09:18] {KSystems} morning !

[09:18] {Threei} ks :)

[09:24] {Threei} JPM Exec: card losses in Chase portfolio could hit 10.5% - conf call comments

[09:25] {fernp} nice pics Vad

[09:25] {Threei} ty

[09:27] {ese} morning.....late getting here

[09:27] {Threei} ese :)

[09:27] {bkhmd} ese

[09:28] {bkhmd} dude u missed the big play

[09:29] {Threei} VRSK quick selloff

[09:29] {ese} what was it.....i'm feeling under the weather .....cold of some kind

[09:30] {bkhmd} ahhh joke no play

[09:30] {bkhmd} here we go

[09:30] {magoo} JPM drops

[09:31] {Threei} GNBT Announces USFDA Price Approval For Generex Oral-Lyn(TM) In The Treatment IND Program (0.78, +0.05, 6.85%)

[09:33] {dptl} good morning all

[09:33] {Threei} dp :)

[09:33] {Threei} Short Setup: JPM 47 break

[09:33] {magoo} missed

[09:33] {nemo} me too

[09:33] {bkhmd} same

[09:33] {magoo} my quotes stucki

[09:34] {fernp} stop Vad?

[09:34] {Threei} .15 - .20

[09:34] {Threei} 1:1

[09:34] {fernp} out here ty

[09:35] {Threei} :)

[09:37] {nemo} $ pummeled again

[09:38] {Threei} JPM Dimon: Consumer protection agency will be "damaging"; will cost customers

[09:38] {nemo} I guess the last few haven't been damaging

[09:40] {nemo} years...that is

[09:44] {Threei} LVS

[09:45] {Threei} quick dive into .15 for long

[09:45] {Threei} with stop under .10

[09:45] {Threei} first strength from here

[09:47] {strider} you in?

[09:47] {fernp} grabbed +.05 TY

[09:47] {Threei} .17

[09:49] {dino} cetv

[09:51] {fernp} shorted EBAY .29 w/stop above .35

[09:52] {dino} cetv sm l .15

[09:53] {Threei} LVS 1:1

[09:53] {Threei} out .30

[10:00] {strider} .

[10:00] {strider} yep. still here.

[10:00] {nemo} ?

[10:00] {nemo} shucks

[10:00] {strider} thought I was making another point?

[10:01] {nemo} jnpr vad?

[10:02] {strider} short JPM @ .80

[10:02] {Threei} not enough activity on it

[10:03] {fernp} FAS vertical

[10:05] {Threei} Long Setup: INTC .05 break

[10:06] {Threei} stop for scalpers under 21

[10:06] {Threei} for day traders under 20.90

[10:08] {Threei} this is "against the most popular opinion" play

[10:09] {dino} cetv stopped

[10:10] {dino} rovi sm l .50

[10:10] {fernp} in

[10:12] {fernp} out EBAY +.12

[10:14] {Threei} INTC 1:1 for scalpers

[10:14] {nemo} thought it invalidated for scalpers?

[10:14] {fernp} ty ty again again

[10:14] {Threei} lol fern

[10:14] {bkhmd} out thanks

[10:15] {Threei} that's 3 for 3

[10:16] {ese} GAME is in the game

[10:16] {Threei} recent IPO

[10:16] {ese} yes

[10:16] {ese} doesn't have a ceo shooting his mouth off though the first day to tank the stock

[10:17] {Threei} lol

[10:17] {Threei} no kidding... that remark by VRSK CEO was the weirdest thing

[10:17] {ese} bizzare........young guns i uess

[10:17] {ese} guess

[10:17] {Threei} or senility setting in

[10:18] {nemo} wag short?

[10:18] {nemo} eh...not much of a range

[10:19] {Threei} strider, you covered JPM?

[10:20] {strider} .69

[10:20] {Threei} good job

[10:20] {bkhmd} awsome Stride

[10:20] {strider} FWIW, I'm papertrading my own calls today....as penance for my foolishness yesterday.

[10:21] {ese} stalking fslr

[10:21] {Threei} Japan Trade Min: may need to consider carbon tax

[10:21] {Threei} hmmm... idicoy is not contained to any side of the ocean

[10:21] {Threei} idiocy

[10:22] {dino} meanwhile hottest temp. on record occurred in 1998

[10:22] {Threei} yup, and last 10 years we have steady dropping temps

[10:22] {fernp} Vad, I'm long LUV from .71 my 1:1 is here, do you see more uptrend if breaks .76?

[10:23] {Threei} chart is a beauty fern

[10:23] {Threei} question is whether market helps

[10:24] {Threei} if you got enough shares for partial, I'd do that

[10:24] {Threei} and with stop under .70, what's your risk

[10:24] {fernp} im gonna sell 500 here

[10:24] {Threei} daily is too good to let this chance go

[10:24] {nemo} .70 is R1 off the pivot fern

[10:24] {Threei} and if market says not this time, so be it

[10:24] {fernp} thanks

[10:25] {nemo} Mmmmhhhh....Yul Brynner..10 Commandments

[10:25] {strider} ese, FSLR scary

[10:26] {ese} definately strider.....

[10:26] {Threei} but ese is also known as Intrepid

[10:27] {ese} not show up at the moment........lots of time lots of time.....

[10:27] {nemo} thought that was magoo

[10:27] {fernp} WAG short wasn't bad idea

[10:27] {nemo} my second broken clock moment

[10:27] {fernp} second?

[10:27] {nemo} oh...I saw JNPR at .95

[10:28] {nemo} sorry

06[10:28] * magoo slaps nemo around a bit with a large trout

[10:28] {fernp} true

[10:28] {nemo} mags...you know how psychologically damaging that is...

[10:28] {ese} not show up? not showing up(from last post)

[10:29] {bkhmd} stt double bottom?

[10:29] {Threei} totally market dependent

[10:30] {Threei} and rather looks like breakdown to me

[10:30] {bkhmd} ty

[10:31] {Threei} I'd put it this way:

[10:31] {Threei} worth a short if market goes down, not worth long if market goes up

[10:32] {bkhmd} ty

[10:32] {bkhmd} break of .39?

[10:32] {strider} drys similar

[10:32] {Threei} break of .40

[10:32] {Threei} and be nimble size wise, it's a thin stock

[10:32] {fernp} out LUV 2:1

[10:33] {fernp} ty Vad

[10:33] {Threei} good job fern

[10:33] {bkhmd} gj

[10:33] {fernp} ty

[10:33] {ese} good one fern

[10:33] {fernp} :)

[10:33] {Threei} fern is back with vengeance

[10:34] {fernp} no no. I am calm

[10:35] {strider} leap a leaping

[10:36] {bkhmd} nice surge in market

[10:36] {nemo} $ dropping

[10:38] {strider} pwrd still getting it

[10:38] {nemo} aig didn't go with the surge

[10:39] {ese} l fslr .31

[10:40] {fernp} you still in INTC, Vad?

[10:40] {Threei} half

[10:40] {Threei} trailed to under 21

[10:40] {fernp} original entry point here

[10:40] {Threei} want to see if it wants to surprize everyone

[10:41] {fernp} go with you again (half lot)

[10:42] {strider} ese, your stop below 147?

[10:43] {strider} wow

[10:44] {ese} out fslr.03 sm 1k +72

[10:44] {strider} great

[10:45] {ese} no physical stop.....it bounces around too much

[10:45] {strider} k

[10:45] {bkhmd} Ese SM means Small lot?

[10:45] {ese} yes

[10:45] {bkhmd} thanks bro

[10:46] {Threei} CSIQ Analysts at Credit Suisse comment in name; Remain cautious in name as higher shipment levels not seen boosting earnings levels (timing uncertain) (17.19, -0.35, -2.00%)

[10:46] {ese} your welcome.......got that definition from dino though

[10:46] {Threei} CSIQ is red in the sea of green

[10:47] {Threei} a bit too thin

[10:47] {Threei} but overall, when market gives up it's a good short candidate

[10:47] {dino} raised guidance too

[10:47] {Threei} perfect

[10:47] {nemo} JNJ Vad?

[10:47] {dino} issuing 6 m shares

[10:47] {dino} csiq

[10:48] {Threei} no idea emo

[10:48] {bkhmd} Trades mostly 100 share lots am i reading that correctly?

[10:50] {Threei} I am not sure what the question is bkhmd...

[10:51] {Threei} do you really need us to confirm you know how 1 is different form 2?

[10:51] {nemo} whoa...

[10:51] {Threei} I know nemo does

[10:51] {nemo} remember...he's new

[10:51] {bkhmd} no thanks Vad

[10:51] {Threei} well... consider it's a rite of passage

[10:52] {Threei} oh good... I don't believe I could handle two nemos

[10:54] {strider} driv?

[10:54] {Threei} chart is short on .40 break...

[10:54] {Threei} but heck, it's beaten down so badly

[10:54] {Threei} not sure

[10:54] {strider} you soft-hearted guy

[10:54] {Threei} lol... yeah, that's me

[10:55] {Threei} what I don't like about DRIV here the most

[10:55] {Threei} see how thin it became vs all the hyperactive trading over last couple days?

[10:55] {ese} l fslr .19

[10:56] {Threei} small sizes, no smooth constant stream of prints

[10:56] {Threei} this may result in such sudden move, it's simply a too dangerous stock in uncertain market

[10:56] {bkhmd} thats what i was asking in my previous question Vad lot sizes I had my time and sales set up wrong

[10:57] {ese} out fslr .51 +.32

[10:57] {fernp} really good job, ese

[10:57] {Threei} you can regulate printas to show 100 or 1 etc?

[10:58] {ese} tks

[10:58] {Threei} must be specific to your broker then

[10:58] {bkhmd} yea I figured it out had it set up wrong

[10:58] {Threei} no such option with Laser

[10:58] {Threei} which makes it simpler,less room for wrrors :)

[10:58] {Threei} errors too

[10:58] {strider} you got to watch out for those wrrors..

[10:59] {Threei} I tried

[10:59] {Threei} but there are just too many of them

[10:59] {Threei} so I gave up

[10:59] {ese} fslr....why you little........

[11:00] {bkhmd} lol

[11:01] {Threei} (RU) Putin: premature to adopt sanctions against Iran

[11:01] {nemo} it's only been what....7 8 years

[11:02] {Threei} No point trying to scare Iran with sanction talks

[11:02] {nemo} hurt their feelings

[11:02] {Threei} what doesa he suggest then?

[11:02] {nemo} hah...frickin JNJ

[11:03] {Threei} Long Setup: AIG .60 break if stays above .50

[11:03] {Threei} only for adventurous souls

[11:04] {dino} cetv last try, .00 sm l

[11:05] {Threei} fern... INTC is above 1:1 if you wanted to scalp it

[11:05] {Threei} I'll hold that half

[11:06] {fernp} lol, I was writing this... my 1:1 in INTC is here again, Vad. Can I sell or must stay with you?

[11:06] {Threei} AIG invalidated

[11:06] {Threei} ummm... no such thing as must :)

[11:07] {fernp} I am out TY

[11:07] {Threei} my game plan is:

[11:07] {Threei} risk is minimal for this swecond half at this point, and profit secured by selling first half makes it non-existent,

[11:08] {Threei} and everyone believes market is done going up,

[11:08] {Threei} and INTC is blow-off top here

[11:08] {Threei} so I want to see if market ad INTC fool that "everyone", with no risk to myself

[11:09] {fernp} good point

[11:09] {larisa} risk in minimal, what about reward :)

[11:09] {Threei} reward... well, if INTC goes for surprize run, I'd say 21.40 minimum

[11:15] {fernp} AIG big drop

[11:15] {bkhmd} with huge volume

[11:16] {Threei} no news

[11:16] {Threei} unless AIG insured AutoVaz

[11:17] {Threei} AvtoVAZ Head of State Audit Chamber: Avtovaz on brink of bankruptcy

[11:17] {Threei} **Note: On 10/05, Russian PM Putin said that govt will not let Avtovaz fail (RIA Novosti). Back on 10/3, Putin threatened to reduce Renault's 25% stake in Avtovaz if the French company fails to help fund Russia's biggest carmaker.

[11:19] {Threei} so, out of 3 ways we defined before opening, market picked 4th

[11:19] {Threei} dropped a bit,

[11:19] {Threei} stayed solidly green,

[11:20] {Threei} and remains locked in narrow range

[11:20] {Threei} so it reconciled all three

[11:20] {nemo} speaking of locked range...jnpr

[11:21] {Threei} this is one potentially explosive chart

[11:21] {nemo} which one?

[11:21] {Threei} your JNPR

[11:21] {nemo} oh...

[11:22] {nemo} I'm going to get a cup of coffee, so get ready

[11:22] {patience} .

[11:28] {Threei} hmm

[11:29] {Threei} market moved up, any stock followed??

[11:29] {nemo} hymn

[11:29] {nemo} not really

[11:29] {Threei} none of what I was watching

[11:29] {nemo} iyf did

[11:29] {larisa} CAT only :)

[11:29] {Threei} that one I didn't watch

[11:29] {nemo} looks like a short now

[11:30] {Threei} (RU) Russian Fin Ministry decides not to give Iceland $500M loan

[11:30] {bkhmd} abt news must have been huge

[11:30] {Threei} what for, they are in first three best places to live

[11:31] {Threei} ABT good earnings, good gyuidance

[11:35] {strider} Famous quote of the day: Discomfort and profit go hand in hand.

[11:35] {strider} Who said that?

[11:35] {nemo} Livermore

[11:35] {larisa} like losses give you comfort :)

[11:36] {strider} adjusts himself on his seat of nails

06[11:37] * Threei slaps nemo around a bit with a large book of Techniques of Tape Reading

[11:37] {strider} Actually, Vad said it also. I think Livermore must have got it from him.

[11:37] {strider} :)

[11:37] {nemo} Sorry...I always get you two legends mixed up

[11:38] {larisa} lol

[11:44] {strider} BATS is down, fyi

[11:46] {Threei} I don't think I ever used it

[11:49] {dino} march 29,1999; dow 10k 1st time

[11:49] {strider} C pushing toward $5

[11:50] {magoo} C reports tomorrow after bell

[11:50] {magoo} closing bell

[11:51] {magoo} GS GOOG C IBM

[11:51] {magoo} bring trading cape, helmet and goggles

[11:55] {dino} nvec

[11:56] {strider} lvs losing it

[11:56] {strider} it got better though

[11:57] {Threei} reminder to myself: wait for Larisa to mention HIG and buy all you can

[12:00] {Threei} HIG is holding very well, comparing to AIG

[12:00] {Threei} and JNPR is still there

[12:01] {nemo} had that obligatory shakeout to .30

[12:02] {strider} lvs short @ .84?

[12:02] {nemo} lvs

[12:02] {Threei} not sure

[12:02] {Threei} can turn into double bottom easy

[12:03] {nemo} yeah, looks like crescendo/capitualtion buying on that last downspike

[12:03] {strider} ??

[12:03] {strider} introducing new terms here: crescendo

[12:04] {nemo} volume spike on that drop from .95...sorry, thinking of Handel's Water Music

[12:04] {strider} =falling very loudly?

[12:04] {strider} good term...

[12:04] {nemo} yeah like an m855

[12:05] {strider} re: yesterday...I've never had any trouble with m855...Colt Sporter upper

[12:06] {nemo} some can handle both chamberings, some can't

[12:06] {strider} no,, Bushmaster upper, colt sporter lower

[12:06] {nemo} Bushmaster...nice stuff

[12:06] {strider} yeah

[12:07] {Threei} larisa... say HIG

[12:07] {nemo} god bless you

[12:07] {nemo} ooohhh, break of .50

[12:08] {dino} rovi to .25

[12:09] {strider} darn crescendo candle--lvs

[12:09] {dino} out .27, +.77 rovi

[12:10] {Threei} nice

[12:11] {dino} thx

[12:13] {nemo} hig, what a tease

[12:14] {Threei} it needs larisa's word

[12:15] {Threei} see what I mean LVS?

[12:16] {Threei} trap for shorts

[12:16] {nemo} rovi kept going

[12:17] {dino} sm s nvec .00

[12:18] {nemo} definitely your kinda' stock

[12:18] {dino} funny, intc was all the talk, up .50 only

[12:18] {nemo} big offer hig

[12:18] {nemo} .49

[12:19] {dino} nemo, you say that w/such disapproval

[12:19] {nemo} you infer what I did not imply

[12:20] {dino} :)

[12:23] {Threei} Long Setup: HIG .50

[12:23] {Threei} if stays above .40,

[12:24] {Threei} above .45 for hardcore scalpers

[12:26] {fernp} in

[12:27] {nemo} that is really weird...I used smart route and it found nothing an cancelled on me

[12:27] {magoo} innnnnnn

[12:27] {Threei} pesky annoying troublemaking hardcore scalpers have 1:1

[12:27] {fernp} You know I am that pessky one

[12:27] {magoo} um...out

[12:27] {Threei} look what it routed through nemo

[12:28] {Threei} I bet it was MLCO

[12:28] {Threei} fern, mags, lol

[12:28] {nemo} no..tried direct buy...then arca...then nyse...then cancelled

[12:28] {Threei} shrug... there is a reason why I recomnmend NASDAQ route for listeds

[12:29] {fernp} are ther problems with routes?

[12:29] {Threei} BATS is down for a while

[12:29] {nemo} that's back up

[12:29] {Threei} but who needs it anyway?

[12:30] {fernp} ah! my ISLD order worked fine

[12:30] {Threei} same here

[12:30] {Threei} day traders have 1:1

[12:30] {bkhmd} ty Vad

[12:30] {Threei} welcome

[12:30] {Threei} that's 4 for 4

[12:31] {fernp} i am 7 for 7

[12:31] {fernp} time to relax...

[12:31] {Threei} I know

[12:31] {Threei} great recovery after yesterday

[12:31] {bkhmd} going back to simulator my orders are not being filled the way i expected

[12:31] {Threei} we always do

[12:31] {Threei} what broker do you use bkhmd?

[12:31] {dino} wtg vad

[12:31] {Threei} ty

[12:31] {bkhmd} using trade station

[12:32] {Threei} oooohhhh

[12:32] {Threei} good luck

[12:32] {Threei} you'll need it

[12:32] {bkhmd} ut ohhhhh

[12:32] {bkhmd} another fish slap?

[12:33] {Threei} nah... that broker will take care of that

[12:33] {nemo} nahhh

[12:33] {bkhmd} lol your Brutal vad nothing like in the book

[12:33] {bkhmd} lol

[12:33] {bkhmd} lol

[12:33] {Threei} for us to slap you would be very very redunant

[12:33] {nemo} repetitive too

[12:34] {Threei} repetitive repetitive is redundant redundant

[12:34] {Threei} you mean in the book I come out warm and fuzzy???

[12:34] {bkhmd} dRN DID i GET SLAPPED 4 TIMES?

[12:34] {nemo} NO!

[12:34] {bkhmd} oops sorry cold fingers hit t he caps again

[12:34] {Threei} for those who follow day trading routine on HIG,

[12:35] {Threei} you are half out and trailed to .49

[12:38] {bkhmd} its ok to ask a newbie question?

[12:38] {bkhmd} Long set up .50 is entry .51 correct?

[12:38] {nemo} at worst you get trouted

[12:39] {bkhmd} i left that out ask question without being hit in face with carp?

[12:39] {bkhmd} trout i can handle

[12:39] {nemo} entry is .50 unless he says "break" then it's .51

06[12:39] * magoo slaps bkhmd around a bit with a large trout

[12:39] {Threei} over 1:2 HIG

[12:39] {Threei} 1/4 more out

[12:39] {nemo} he said Carp?

[12:40] {Threei} nemo's answer is correct bkhmd

[12:40] {bkhmd} got it

[12:40] {Threei} I mean korreqt

[12:40] {bkhmd} and .40 was the stop

[12:40] {nemo} mmmhhh...

[12:40] {bkhmd} ?

[12:40] {Threei} just under

[12:40] {bkhmd} k

[12:40] {nemo} we practice threeish spelling around here

[12:40] {Threei} eqzaktly

[12:41] {strider} is this pig-russian?

[12:41] {nemo} pig Ukranian

[12:41] {nemo} aig break of .15?

[12:41] {Threei} no

[12:41] {nemo} no room for error there

[12:41] {bkhmd} ok no fault of trade station it was user error

[12:42] {nemo} usually the indian, not the arrow

[12:42] {Threei} don't worry... you'll have plenty of their faults

[12:42] {Threei} it's simply not a fast day trading broker

[12:42] {Threei} their designation is different

[12:42] {Threei} they are great at what they are designed for

[12:42] {nemo} and...

[12:42] {Threei} fast day trading is not it

[12:44] {dino} sm s pwrd .00

[12:45] {nemo} pwwrd might bounce in the .85 area

[12:45] {nemo} frickin' aig

[12:46] {dino} anything can happen

[12:47] {dino} mkt bounce pwrd to flat

[12:49] {fernp} Vad, I'm afraid you are not going to surprise anyone with INTC. It is losing lod

[12:49] {Threei} nope

[12:49] {Threei} stopped long ago

[12:49] {fernp} i know

[12:54] {dino} intc gap 20.49

[12:59] {Threei} HIG is coming on 1:3

[13:00] {Threei} stop is under .60 at this point

[13:00] {Threei} next decision to ake is to sell last portion at .80 or trail

[13:00] {Threei} IMO, let's trail and try for closer to .90

[13:01] {magoo} nice oine..i took .75 tho

[13:01] {magoo} ty

[13:01] {Threei} welcome sir

[13:01] {Threei} see bkhmd... I CAN be warm and fuzzy

[13:01] {Threei} I just chose not to

[13:02] {Threei} US) Reportedly House panel has rejected measure to give CFTC authority over margins

[13:02] {Threei} - Amendment adopted by the panel would preserve margin oversight with exchanges rather than the CFTC

[13:02] {Threei} US) House Democrats are finalizing two key amendments on financial oversight rules, including on bank exams and preemption - WSJ

[13:05] {Threei} (US) Fed's Tarullo: Banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor - comments ahead of Congressional testimony

[13:05] {Threei} - Testimony released before 2:30pmET appearance before Senate panel

[13:05] {Threei} - Key trouble spots remain in financial system; banks have learned a hard but valuable lessons

[13:05] {Threei} ummm

[13:05] {Threei} to put it politely,

[13:05] {Threei} what a load of crap

[13:05] {nemo} Yeah...how to @&$! the taxpayer

[13:06] {Threei} valuable lesson is, if you lend to those who can't repay you back, you re going to screwed?

[13:06] {Threei} or, when you are taxpayer will bail you out?

[13:07] {Threei} 'cause you know, first lesson is something they could understand without actually doing it

[13:07] {nemo} gotta' get out the party hats and noisemakers for 10K...

[13:07] {nemo} ...not

[13:07] {Threei} and second, if learned well... do we know that to be a lesson they take out of it?

[13:08] {Threei} less than 7 points left

[13:08] {bkhmd} nice on the DOW

[13:08] {strider} 0nnn

[13:09] {strider} vad, BAC?

[13:10] {Threei} this thing is so narrow lately...

[13:10] {Threei} it's a turture

[13:10] {Threei} torture too

[13:10] {Threei} used to be very perky

[13:10] {bkhmd} how long do you have to be on the board b4 u can start the fish slaps?

[13:11] {nemo} 3 years

[13:11] {Threei} it's not a matter of seniority

[13:11] {Threei} it's a simple matter of

[13:11] {Threei} do you feel lucky?

[13:11] {Threei} do ya?

[13:11] {nemo} a config file

[13:11] {nemo} punk

[13:11] {bkhmd} you have the juice to kick form the room your spared

[13:11] {Threei} picture nemo with his hand on a holster, saying:

[13:11] {fernp} great trade HIG. Vad, I am suffering "pesky scalper's regret" :(

[13:11] {Threei} go ahead punk, make my day

[13:12] {nemo} $ dropping

[13:12] {bkhmd} {---Slaps Vad witha good smelling fish

[13:12] {Threei} this particular one did feel like seriously capable of more

[13:12] {dino} pwrd to .85

[13:13] {strider} pressure building on BAC

[13:13] {dino} cov pwrd +.15

[13:14] {Threei} 3 points to 10K

[13:14] {nemo} here comes 10k

[13:15] {Threei} what is the most important lesson of yesterday and today, in your eyes?

[13:15] {magoo} dow 9999

[13:15] {Threei} and .22

[13:15] {dino} never give up

[13:16] {dino} fmx

[13:16] {nemo} this is worse than hig

[13:17] {Threei} never mind a losing day

[13:17] {Threei} it means nothing

[13:17] {strider} close but no cigar, DOW

[13:17] {Threei} control your losses, come back woth clear mind and trade

[13:17] {fernp} if you control your losses

[13:17] {fernp} ooops!

[13:17] {Threei} :)

[13:18] {Threei} leave desperation and handwrigning to amateurs

[13:20] {bkhmd} another run at it

[13:21] {ese} hey all.....am calling it a day....have been laying down most of the morning not feeling great......hopefully catch you tomorrow

[13:21] {bkhmd} get well

[13:21] {Threei} take care ese, get well

[13:21] {ese} tks bk

[13:21] {ese} cya vad

[13:22] {fernp} bye ese

[13:30] {strider} fmx interesting reversal

[13:31] {dino} and i missed it

[13:31] {strider} that was what was unusual about it

[13:31] {strider} :)

[13:33] {dino} lol

[13:39] {magoo} PFE on the movw

[13:39] {fernp} I'm going to take the rest of the day off. Have a nice evening everybody. See you all tomorrow

[13:39] {Threei} no news that I see

[13:39] {Threei} take care fern

[13:39] {Threei} good idea actually

[13:39] {bkhmd} later fern

[13:39] {Threei} I wish nemo'd let me go home

[13:40] {fernp} lol

[13:40] {Threei} US Rep Frank: Consumer Protection Agency bill to be voted upon tommorow

[13:41] {nemo} YOu can go home Vad...

[13:41] {Threei} I can?

[13:41] {Threei} no shooting in the back?

[13:41] {nemo} no promises

[13:41] {Threei} door is not rigged with explosives?

[13:42] {nemo} too noisy

[13:42] {nemo} shhhhh......(poison on the door knob)

[13:42] {Threei} HIG UBS Resumed HIG with Buy

[13:42] {Threei} lol, thank you, we already bought

[13:43] {nemo} Got that idea from "The Name of the Rose"...kinda' sorta'

[13:43] {bkhmd} lol

[13:43] {bkhmd} so did they Vad

[13:43] {dino} nvec stopped flat

[13:43] {dino} irdm

[13:43] {Threei} same coverage by UBS for 4 more names

[13:44] {nemo} who owns them now?

[13:44] {Threei} Iguess they just have trainees learning "resumed with buy" button

[13:44] {strider} haha

[13:44] {bkhmd} easy button

[13:45] {strider} crox?

[13:45] {Threei} not bad chart... just too big chance to struggle for 5 cents

[13:46] {strider} yep. t'anks

[13:46] {Threei} spike at 11:45 was on takeover rumor

[13:46] {strider} do you use 'fly on the wall', Vad?

[13:46] {Threei} ever after that it moved 3 cets up, 2 down

[13:46] {Threei} no

[13:57] {Threei} INTC inverse C&H

[13:58] {bkhmd} bearish?

[13:58] {nemo} yep

[13:58] {dino} fmx l .00

[14:06] {strider} gld spike

[14:14] {Threei} MINUTE OF SEPT 23 FOMC MEETING: OVERALL ACTIVITY IS PICKING UP; job losses are slowing noticeably from earlier in the year

[14:15] {Threei} Seeing indications of improvement; economic slack to be substantial over next few years

[14:15] {Threei} - Many FOMC economists upwardly revise economic projections for 2H; sales and starts of homes provided evidence of some firming in housing activity.

[14:15] {Threei} - FOMC members predict unemployment not likely to fall 'appreciably'; Fed economists forecasting unemployment to fall to 9.25% by end of 2010 and 8% by end of 2011.

[14:15] {Threei} - Some members open to expanding some MBS purchases, one member recommended cutting $1.3T in MBS purchases

[14:15] {Threei} - highlights that term deposit facility could be used to withdraw stimulus

[14:17] {bkhmd} where is INTC going

[14:17] {Threei} down?

[14:18] {nemo} interesting to see where that bellewether ends up.

[14:19] {Threei} Market Internals update at 12:00pmET

[14:19] {Threei} - NYSE volume 700M shares, about 2% below its three-month average; advancers lead decliners by 4.6:1.

[14:19] {Threei} - NASDAQ volume 1.51B shares, about 3% above its three-month average; advancers lead decliners by 2.4:1.

[14:19] {Threei} - VIX index -1.1% to just over 22.50

[14:22] {dino} gri, thin

[14:22] {nemo} ewwwwww....if you're calling it thin, must be anorexic

[14:23] {dino} 6k

[14:23] {nemo} 6k...oy vay

[14:24] {Threei} lol

[14:24] {Threei} crap... this is getting truly bothersome

[14:24] {Threei} this was THIRD nemo's joke I liked

[14:25] {Threei} in as many days

[14:25] {bkhmd} lol

[14:25] {nemo} don't jump Vad

[14:25] {nemo} put the knives back in the drawer

[14:25] {nemo} Maybe.....

[14:26] {nemo} ...you should see an exorcist?

[14:26] {nemo} FCX Vad

[14:27] {Threei} nice volatility but I see no setups to call in time

[14:28] {nemo} yea...GLD forming balanced triangle

[14:29] {larisa} ok, market proved Cramer wrong, 10K is here, now lets sell to 9K :)

[14:29] {nemo} what did JC say?

[14:29] {Threei} see? these sudden spikes up and down with no rythm

[14:29] {nemo} yes

[14:30] {larisa} he said 9K before 10K

[14:30] {larisa} when it was 9800

[14:30] {nemo} oh

[14:30] {Threei} well, if hostory is any indication, market will wait now for him to say 11K, then sell to 9

[14:30] {nemo} When I see him I feel like Vad when he sees me

[14:31] {Threei} oh my... 4th!!!

[14:31] {nemo} Now I'm scared

[14:31] {Threei} you scared? imagine how I feel

[14:33] {Threei} FDIC Bair: Number of problem banks and bank failures to remain high for next several quarters

[14:33] {Threei} - Unemployment may rise even as the economy returns to growth

[14:33] {Threei} - Recent data shows that credit markets are returning to normal

[14:33] {Threei} - May need to redirect support efforts to aid small businesses

[14:34] {Threei} guess who is on TV

[14:34] {nemo} Hillary Swank?

[14:34] {Threei} unfamilar name, I don't know whether you wish or not

[14:34] {nemo} "Million Dollar Baby"

[14:35] {Threei} missed that one

[14:35] {nemo} Good movie...Clint

[14:35] {larisa} she won the Oscar

[14:35] {nemo} yeah

[14:36] {Threei} OK, Google says you wish

[14:36] {dino} intc lod

[14:36] {larisa} http://z.about.com/d/fashion/1/7/Y/L/1/77thPack_T001.jpg

[14:37] {nemo} Lari :)

[14:37] {larisa} I do not really like her face, but back is awesome :)

[14:37] {nemo} Who's face do you like?

[14:38] {dino} same larisa

[14:38] {Threei} FSLR S&P sets date for FSLR to replace WYE in the S&P 500 for tommorow

[14:38] {Threei} - hearing analysts suggest indexers will need to buy nearly 5M shares of FSLR

[14:38] {nemo} so sell?

[14:41] {Raven} thanks larisa ... my pulse just came back

[14:41] {larisa} :)

[14:41] {Raven} :)

[14:43] {nemo} gld breaking down?

[14:45] {Threei} only as much as market overall does

[14:45] {dino} fmx stopped -.03

[14:48] {nemo} see GMCR Dino?

[14:48] {nemo} buyout rumor subsequently shot down

[14:49] {strider} aone rinse

[14:50] {dino} and that makes it go up?

[14:51] {nemo} yep

[14:51] {dino} odd\

[14:51] {nemo} I am not!

[14:52] {Threei} HAH!

[14:52] {nemo} took you long enough

[14:53] {nemo} stuck my chin out and nobody hit it

[14:53] {bkhmd} didnt want to get hit witha fish

[14:53] {nemo} you'll get the rythm

[14:53] {Threei} yeah

[14:53] {Threei} chin-fish

[14:54] {Threei} chin-fish

[14:54] {nemo} FCX Va?

[14:54] {Threei} whak-a-mole

[14:54] {Threei} if market spikes, try to grab it

[14:54] {Threei} as close to 76 as possible

[14:54] {dino} rovi l .35

[14:55] {strider} what's the setup? fcx

[14:55] {Threei} don't count on mkucn thous, market spikes are very short-lived right now

[14:55] {Threei} both directions

[14:55] {nemo} fcx not playing nice

[14:56] {strider} small ascending triangle?

[14:56] {nemo} what? FCX?

[14:56] {strider} yea

[14:57] {nemo} oh..o.k.

[14:57] {nemo} yeah...stop was a little too wide

[14:59] {strider} payx

[14:59] {Threei} CROX Hearing Sterne Agee skeptical on recent market rumors speculating on CROX as a takeover target (timing uncertain) (7.75, +0.37, 5.01%)

[15:04] {bkhmd} hit it

[15:04] {magoo} 10K

[15:04] {magoo} KKKKKKKKKK

[15:05] {bkhmd} Nice call on FCX Nemo

[15:06] {nemo} wow....4 or 5 broken clock moments today

[15:06] {Threei} I'll tell you what wow

[15:06] {magoo} alot of foolery at 10k here

[15:07] {Threei} I forgot about last portion HIG

[15:07] {nemo} WOW!

[15:07] {Threei} that's real wow

[15:07] {Threei} out +.60

[15:07] {nemo} yeah, I've got order entry remorse on that one

[15:07] {strider} I think you should send that back, vad.

[15:08] {Threei} I so will not

[15:08] {nemo} Yeah, it's time

[15:08] {Threei} pry it from my cold dead hands

06[15:08] * nemo slaps Threei around a bit with a large reminder against Indecent Profits!!!

[15:08] {nemo} by the way

[15:08] {nemo} GMCR might be s short here

[15:10] {bkhmd} nemo break of .70?

[15:10] {nemo} break of .80

[15:10] {nemo} it's already going

[15:10] {bkhmd} yea missed it

[15:11] {nemo} I saw it at the last minute

[15:11] {bkhmd} slap urself with fish

[15:11] {bkhmd} i dont have enough time on board to do it

[15:11] {nemo} that's fratricide

[15:11] {magoo} watch GS..mkt leader

[15:12] {Threei} HIG's unbelievable

[15:13] {dino} rovi to .46

[15:14] {strider} gmcr!

[15:14] {nemo} yeah

[15:14] {nemo} had that look

[15:15] {strider} Is that the famous 'looks like it's going down' setup?

[15:15] {nemo} one of them

[15:15] {nemo} You should see the stocks Dino shorts

[15:15] {nemo} I look at the chart and see a Rorschach test....sheesh

[15:16] {strider} nemo's buying drinks tonight

[15:17] {Threei} 34% Say U.S. is Heading in Right Direction

[15:18] {cosmo} the glass is 1/3 full

[15:19] {nemo} Yeah, but full of what?

[15:19] {dino} acor halted today, pending fda

[15:20] {magoo} AIG possible RIP

[15:20] {magoo} RISKY

[15:20] {strider} rip?

[15:20] {magoo} upward explosion

[15:20] {Threei} explosive move up

[15:21] {strider} oh, RIPPPP!

[15:21] {dino} lufk

[15:21] {Threei} magoo's euphemism for "honey, I made a crapload of money, pack your things"

[15:23] {nemo} hey Vad....

[15:23] {nemo} you used a 4 syllable word

[15:24] {Threei} but I consulted the dictionary

[15:24] {Threei} where I found the word :dictionary" as well btw

[15:24] {nemo} Yeah...it's on the front

[15:25] {Threei} nope,,, cover is torn off

[15:25] {strider} hig...sheesh

[15:25] {nemo} yeah, market rip coming?

[15:26] {larisa} nah

[15:27] {dino} gas rip maybe

[15:27] {larisa} oh oh

[15:27] {Threei} lol

[15:27] {strider} too much information

[15:27] {Threei} mama mia... HIG decided to make a full dollar from out entry

[15:27] {nemo} frickin'stec, I bring up the chart and bang!

[15:28] {dino} rovi to .55

[15:28] {nemo} so Lari...

[15:28] {Threei} ACOR FDA Panel votes 12-1 that Fampridine-SR has benefits, improves walking ability in Multiple Sclerosis patients

[15:28] {nemo} we're up 12 points since "Nah"

[15:28] {Threei} halted :(

[15:28] {strider} what?

[15:29] {Threei} (US) Economist Joseph Economist Stiglitz: Govt should "think twice" about intervening to prop up USD

[15:29] {larisa} I added oh oh just in case

[15:29] {Threei} yeah, let' it drop into abyss

[15:29] {nemo} they're not supporting it...what's the issue

[15:29] {Threei} who needs sound currency anyway

[15:29] {Threei} Zimbabwe seems to be doing just fine

[15:29] {bkhmd} good call nemo

[15:30] {nemo} as long as you have wheelbarrows to cart it around in

[15:30] {magoo} AIG careful..drilled in upward mkt

[15:30] {magoo} drilled=crushed

[15:30] {dino} govt is not bigger than the cuurency markets, it never holds

[15:30] {dino} has to be budget issues

[15:34] {dino} rovi to .67

[15:35] {dino} to .75

[15:36] {nemo} Lari.....look

[15:36] {dino} out .77 ave, +.43

[15:37] {larisa} its not ripping.. rather sleepwalking

[15:38] {larisa} gj dino

[15:38] {nemo} tomato tomahto

[15:39] {dino} ty

[15:41] {dino} mstr sm l .98

[15:46] {Threei} CIT Group Inc Reportedly getting closer to a finalized deal for a new loan facility estimated at $3-6.5B; could come as soon as this week - unconfirmed report

[15:46] {Threei} - Company would reportedly use most of loan to repay existing debt

[15:46] {Threei} - Bank of America has reportedly arranged the facility

[15:46] {dino} what do you make of intc?

[15:47] {Threei} hard to tell

[15:47] {Threei} slid intgraday but still finishes up

[15:47] {dino} c'mon, you've known me for years

[15:48] {nemo} your poit?

[15:48] {nemo} point?

[15:48] {dino} just tell me\

[15:48] {Threei} probably will lose its own momentum and trade with the rest of the market as next earnings appear

[15:48] {Threei} we have a lot of significant ones to report

[15:49] {nemo} tomorrow big day

[15:49] {dino} strange reaction, as tech rocked on it

[15:49] {nemo} hey Lari

[15:50] {larisa} sleepcrawling even

[15:50] {nemo} yep

[15:50] {Threei} White House: Pres Obama does support a $250 payment to seniors and veterans

[15:50] {Threei} - payment may include approx 57M individuals

[15:50] {nemo} for what?

[15:51] {Threei} who cares

[15:51] {Threei} let's just give everything to everyone

[15:51] {Threei} starting with banks

[15:51] {strider} just send it on, barack

[15:51] {strider} I hope he has my address

[15:51] {Threei} and ending with lowlife day traders

[15:51] {Threei} and pesky scalpers

[15:51] {larisa} you are senior strider?

[15:51] {strider} 61

[15:52] {Threei} program could cost $13B

[15:52] {Threei} see? nithing

[15:52] {Threei} comparing to all the largesse

[15:53] {strider} using those 50 cent words again......largesse

[15:53] {dino} spend spend spend

[15:53] {bkhmd} tax tax tax?

[15:53] {Threei} yeah... tomorrow never comes

[15:54] {Threei} strider... it's nothing.. at some point I will switch from dictionary to thesaurus, and then you'll see real progress

[15:54] {dino} whats another 13 billion anyway, he says

[15:54] {Threei} even bigger than when I switched from pictionary to dictionary

[15:55] {bkhmd} hahahhah

[15:55] {bkhmd} hahahah

[15:55] {bkhmd} hhahahaha

[15:55] {nemo} easy kato

[15:56] {Threei} no significant earnings today

[15:56] {Threei} XLNX is the biggest name

[15:57] {Threei} tomorrow is rich day

[15:58] {Threei} before the open; C, GS, NOK

[15:58] {strider} oh good, I'll be here with my wheelbarrow

[15:58] {Threei} after close AMD, GOOG, IBM

[15:58] {dino} out mstr .25, +.27

[15:59] {Threei} Fri: BAC and GE

[15:59] {dino} intc lod

[15:59] {strider} Lazard stock halted

[15:59] {strider} Laszard CEO bruce wasserstein is dead

[15:59] {Threei} LAZ CEO Bruce Wasserstein has died -

[16:00] {bkhmd} Dont forget JC reports tomorrow too right?

[16:00] {bkhmd} lol

[16:00] {bkhmd} TSCM

[16:01] {Threei} I don't see JC tomorrow

[16:01] {bkhmd} TSCM

[16:01] {bkhmd} JC meaning Jim Cramer

[16:01] {dino} bkhmd, go to http://biz.yahoo.com/research/earncal/today.htlm

[16:01] {dptl} have a good evening all

[16:02] {larisa} bye :)

[16:02] {bkhmd} document expired Dino

[16:02] {nemo} buh bye

[16:02] {strider} adios amigos

[16:02] {magoo} ty all

[16:02] {bkhmd} good eve all

[16:02] {dino} viyo con dias

[16:02] {bkhmd} thanks Vad

[16:02] {strider} vaya

[16:02] {dino} i know i spelled that wrong

[16:03] {nemo} wow...Dino, you're illiterate in two languages

[16:03] {strider} whatever:)

[16:03] {dino} lol

[16:03] {strider} it's the thought that counts

Oct 13 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Our first losing day in about two weeks. Just one of those when nothing works, no matter what you try - breakouts, breakdowns, pullbacks, everything shakes you out before going. One of the ways the market lures you into abandoning your discipline.

Session Time: Tue Oct 13 00:00:00 2009

[08:12] {Threei} SVA Receives Certificate Of Approval To Distribute Panflu (H5N1) Vaccine In Hong Kong

[08:13] {nemo} $ down again

[08:43] {cosmo} bcrx

[08:44] {strider} vnda

[08:44] {Threei} nvax

[08:44] {Threei} sva

[08:45] {Threei} 18:01 VNDA Novartis enters into agreement for exclusive US and Canadian rights to Fanapt; to get $200M upfront payment

[08:45] {Threei}

[08:46] {magoo} morn

[08:46] {Threei} it is

[08:46] {Threei} unless cosmo says otherwise

[08:47] {cosmo} mourning

[08:49] {magoo} vad, news MA

[08:49] {magoo} AIG

[08:49] {magoo} AAPL

[08:49] {magoo} GOOG

[08:49] {magoo} RIMM

[08:49] {magoo} BIDU?

[08:49] {Threei} eeck

[08:49] {magoo} when u can please check

[08:50] {Threei} what makes you think any of them has any significant news?

[08:51] {cosmo} fonr

[08:51] {cosmo} announced today two recent sales of

[08:51] {cosmo} its UPRIGHT(R) Multi-Position(TM) MRI scanners.

[08:51] {magoo} i dont..but i follow all and dont want to take a trade and not rralize news out

[08:52] {Threei} none of them shows any unusual price action

[08:52] {magoo} sigh

[08:52] {magoo} never mind

[08:52] {Threei} and those are companies with constant barrage of some little news

[08:53] {Threei} want to try and read through them to see if there is anything important?

[08:53] {Threei} look:

[08:53] {Threei} Apple Inc Business Week examines why the company has a higher market cap than Google

[08:53] {Threei} - Apple makes money in all of its businesses, while Google incurs losses in most of its units, with the exception of its search business.

[08:53] {Threei} - Apple's profits may be more insulated from competition than Google's.

[08:53] {Threei} - Apple has room to grow its consumer business.

[08:53] {Threei} this kind of bs takes pages on each of these flagships

[08:54] {Threei} approach them differently: if there is some unusual price action, look for news

[08:54] {Threei} if there is none, no even reason for look

[08:55] {magoo} interesting....gotcha

[08:55] {larisa} gm :)

[08:55] {Threei} larisa :)

[09:01] {fernp} good morning everybody

[09:01] {Threei} fern :)

[09:02] {lasertrev} gm

[09:02] {Threei} trev :)

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:11] {strider} drys

[09:11] {ese} morning

[09:11] {Threei} ese :)

[09:11] {strider} morning all

[09:12] {Threei} DRYS Signed agreements with Nord LB and West LB on waiver terms for a total of $183M of Debt

[09:12] {Threei} - Signed agreements with Nord LB and West LB on waiver terms for $116M and $67M respectively of outs... (6.77, 0.00, 0.00%) more...

[09:12] {Threei} strider :)

[09:12] {strider} 3i:)

[09:12] {Threei} IA) Iranian State Broadcaster: Oil sales will take place in Euro and non USD currencies

[09:12] {Threei} **Note: Earlier today, Iranian State Broadcaster said oil sales will take place in Euro and non-dollar currencies

[09:14] {ese} 4:51:33 AM DryShips, Inc Hearing shares upgraded to Buy from Hold at Lazard; PT $11

[09:15] {strider} DRYS -one choppy daily chart

[09:16] {ese} vad you seen anything on the drys bulk index still going up?

[09:16] {ese} dry bulk index

[09:18] {Threei} no, down today

[09:18] {dptl} good morning all

[09:18] {Threei} dp :)

[09:18] {ese} dddddpppppp

[09:18] {dptl} :)

[09:19] {ese} where are yoy getting that info/chart vad?

[09:19] {ese} you

[09:20] {strider} nvax nice range

[09:20] {Threei} 08:12 BLTXX Baltic Dry Bulk Index falls by 2% - first decline in 10 sessions

[09:23] {Threei} here is chart for you ese:

[09:24] {Threei} http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND

[09:26] {nemo} wfc vad?

[09:26] {Threei} no news

[09:26] {nemo} how's it look for the open?

[09:26] {Threei} ABAT Announces $8.7M battery order

[09:27] {Threei} ABAT will supply two kinds of polymer lithium-ion phosphate battery pack: 48V15Ah battery applied to electric motorcycles and 72V50Ah battery applied to other electric vehicles.

[09:27] {Threei} I've no idea WFC

[09:27] {Threei} why don't we let it trade and establish something

[09:28] {nemo} big volume spikes in this are

[09:28] {nemo} area

[09:28] {ese} thanks vad

[09:29] {KSystems} good morning and good luck

[09:29] {Threei} ks :)

[09:32] {Threei} Long Setup: EBAY.20 break

[09:33] {Threei} if stays above .10

[09:34] {Threei} 1:1

[09:34] {fernp} ty

[09:34] {ese} missed it,,,,nice call vad

[09:34] {Threei} watching JNPR for pullback

[09:35] {Threei} Euro vs US Dollar Insight: Dealers debate the USD and reserve currency status

[09:35] {Threei} The USD continues to hit 12 month lows against numerous European and commodity-related currencies and some dealers are debating whether central bank currency intervention would ensue.

[09:35] {Threei} The dollar bears suggest that the Obama Administration spending to remove the U.S. from its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets. The dollar bears suggest that the US has no interest in having the USD be a reserve currency as that would require fiscal discipline. The strong dollar policy mentioned by officials is broadly viewed as "a joke" at this point in time and is just rhetoric.. They do not mean it and everyone realizes it now.

[09:37] {Threei} WFC

[09:37] {Threei} watching for retest of the low

[09:37] {Threei} and double bottom

[09:41] {dptl} .

[09:42] {Threei} one more leg down WFC

[09:42] {Threei} want something around 30- 30.05 at least

[09:42] {magoo} jpm vad hammered here

[09:45] {Threei} Long Setup: WFC 30.1 break

[09:45] {Threei} stop under 30

[09:46] {Threei} .05 was the best entrey but happened too fast to type

[09:46] {dino} pwrd

[09:47] {magoo} AIG against the mkt

[09:47] {Threei} must be news or rumor

[09:47] {Threei} don't ssee anything on it yet

[09:49] {magoo} must be

[09:49] {magoo} to vertical

[09:49] {Threei} yeah, momo

[09:50] {ese} l wynn .05

[09:51] {ese} out wynn .19 +.14 appologies for the call was moving too fas

[09:52] {Threei} Long Setup: ENER 12 break if stays above .90

[09:53] {magoo} in

[09:53] {fernp} in

[09:54] {Threei} WFC no go

[09:54] {Threei} this sudden market downtick ruins plays

[09:55] {Threei} no news for it again

[09:55] {fernp} stopped ENER

[09:55] {Threei} ENER gave up too

[09:56] {magoo} VNDA interesting vad

[09:56] {Threei} ,50 break?

[09:57] {magoo} yea

[09:57] {magoo} in

[09:58] {nemo} $ strengthening

[09:59] {magoo} futes are weak

[09:59] {Threei} RA IPO opens for trading at $14.35

[09:59] {Threei} RailAmerica

[09:59] {Threei} good one VNDA

[10:00] {Threei} OCT IBD/TIPP ECONOMIC OPTIMISIM INDEX: 48.7 V 52.5E

[10:05] {nemo} aig at support

[10:06] {Threei} Long Setup: JNPR .80 break

[10:07] {Threei} if sdtays above .70

[10:10] {strider} jnpr still valid?

[10:10] {nemo} yeah

[10:10] {Threei} (US) White House: still comitted to reforming international corporate taxation

[10:10] {dino} he means raising

[10:10] {Threei} reforming = doubling?

[10:11] {Threei} why not strider

[10:11] {Threei} never lost .70

[10:11] {strider} ticked below .70

[10:11] {Threei} not after the call

[10:11] {Threei} these guys have never met tax they didn't like or didn't want to hike

[10:12] {nemo} what left wing politician has?

[10:12] {fernp} Qs upticking JNPR no

[10:12] {Threei} unfortunately, I don't see many right wind politicians I'd admire either

[10:12] {dino} v sm l mstr ,.23 thin

[10:12] {Threei} wing

[10:13] {Threei} none of them has even remote concept of restraining spending

[10:15] {dino} politics; poli=many, tics=bloodsuckers

[10:16] {ese} hmmm never looked at it that way

[10:16] {nemo} haven't used that one in months Dino :)

[10:16] {fernp} in JNPR

[10:17] {nemo} in too

[10:17] {Threei} Goldman Analyst: Crude oil due for a 'break out' from range (related USO XOM )

[10:17] {strider} in too

[10:17] {Threei} is it the same analyst that called oil 200 in the summer of 2008?

[10:18] {dino} driv sm l .50

[10:18] {nemo} pivot for jnpr is .82

[10:23] {Threei} no go

[10:23] {fernp} out .68

[10:24] {nemo} $ continues to strengthen

[10:25] {strider} I think the market is going down today

[10:25] {nemo} as long as the $ keeps getting stronger

[10:26] {ese} l ener .84

[10:34] {dino} don't think

[10:36] {ese} it felt like I had found the reversal point for ener.......but maybe not...stop in at .70

[10:37] {fernp} ERTS interesting

[10:37] {nemo} $ losing steam

[10:39] {Threei} what do you use to watch it?

[10:39] {nemo} uup

[10:39] {Threei} with 6 cets range?

[10:39] {Threei} cents

[10:39] {ese} whats that nemo uup

[10:40] {nemo} it tracks a basket of currencies against the $

[10:40] {ese} it's an index

[10:40] {nemo} etf...but yeah, basically

[10:41] {ese} what are it's strenghts and weaknesses

[10:42] {ese} just looking at it now

[10:42] {nemo} I don't trade it, just use it as an indicator...plot it against the S&P 500 over the last year

[10:43] {ese} as an indicator ...what are you looking for

[10:43] {nemo} it's rise and fall...this rally in the S&P has mirrored (almost anyway) the decline in the $

[10:44] {nemo} Dollar weakness has been a boon to equities. Strength just the opposite

[10:44] {ese} ok......you using it to go long and short stocks ?

[10:45] {nemo} last week we had the first time in a long time where I saw the $ and the market up on the same day, so there might be a transition underway

[10:46] {ese} ok

[10:47] {dino} the strength in $ last fall-march give or take was a flight to safety. altho weaker $ to a point is very good for stocks, especially exporters

[10:47] {Threei} with UUP intraday range I can't see how it can be useful as indicator for short term trades

[10:48] {ese} no ...i wouldn't think so.....swing or longer term

[10:49] {ese} ener should reach 12 here

[10:49] {ese} spoke too soon

[10:53] {ese} what kind of flippin quote is that .8956352 sheesh

[10:54] {Threei} lol

[10:54] {ese} ahhhhhh just let me calculate that for a second

[10:54] {ese} let me see.....that means i'm up duuuuhh

[10:57] {nemo} dcc ese?

[10:59] {ese} come on ener.....you know you've found the bottom

[11:00] {ese} ok....i'm shutting up now.....everytime i say something it goes dn

[11:04] {Threei} we need some shakeout in the market

[11:04] {Threei} so it would spring back to life

[11:04] {Threei} I don't want top push anything in this inactivity

[11:06] {dino} push magoo then

[11:07] {Threei} hmm

[11:07] {Threei} that maybe just an idea

[11:13] {ese} see you in a few minutes everyone........off to take my son to school

[11:13] {fernp} covering here JNPR +.15 and also stopped out ERTS -.15 the only one happy is my broker

[11:14] {Threei} hey, they need to eat too

[11:15] {fernp} yeah, they like the caviar

[11:19] {nemo} brcm strong (relatively) toay

[11:19] {strider} vnda?

[11:20] {nemo} they eat their young

[11:21] {dino} stec nemo?

[11:21] {dino} -15 since downgrade

[11:22] {dino} out drive +.35

[11:22] {nemo} yeah. Watching it today, it's been hitting resistance at it's VWAP an dropping

[11:23] {nemo} Actually, it seems many of the stocks are hitting technical resistances (ma, pivot relationships) and moving off them today

[11:23] {nemo} well...the one's I'm looking at anyway

[11:25] {dino} pwrd interesting

[11:25] {dino} and i like stewc around 24.25

[11:26] {nemo} stewc?

[11:27] {dino} stec, typo

[11:27] {dino} july rocket area

[11:29] {nemo} I see support for stec @ 23.50 an then 21.50

[11:31] {nemo} that's longer term Dino

[11:33] {dino} i see dead people

[11:33] {nemo} Soylent Green is people

[11:33] {dino} but seriously, i see it going up w/o me

[11:33] {fernp} PALM 17.05 break, Vad?

[11:33] {Threei} Short Setup: DRIV .90 break

[11:33] {Threei} if stays below 26

[11:34] {dino} dine, sfly, tlvt

[11:35] {Threei} can't tell on PALM

[11:35] {fernp} i'll pass

[11:36] {ese} i'm back

[11:37] {Threei} DRIV if works should be good for more than scalp

[11:38] {dino} sm l pwrd .00

[11:38] {dino} pulp, so careful

[11:38] {strider} are you partialing at .80, vad?

[11:39] {Threei} depends on action

[11:39] {Threei} if dives sharply, will probably give a first partial lower

[11:39] {Threei} around mid 70s

[11:39] {Threei} market strengthened

[11:41] {Threei} sigh

[11:41] {magoo} yea..mkt keeps ruining setups

[11:41] {fernp} out

[11:41] {Threei} both ways

[11:41] {magoo} yea

[11:41] {strider} Well I've lost my limit for the day

[11:41] {Threei} look at this dive

[11:41] {dptl} have a good rest of the day all

[11:42] {dino} u2 dp

[11:42] {dino} amn waking

[11:42] {dino} thin

[11:44] {magoo} HIG trying to bounce

[11:46] {strider} sxci

[11:47] {fernp} ENER 12 break is valid setup, Vad?

[11:48] {Threei} I don't know what to say fern... it is but none of valid setups worked so far\

[11:48] {fernp} thanks

[11:48] {Threei} this is simply one of those brutal "shake out everyone" days

[11:49] {Threei} we have enough time yet, but so far it shapes up as our first losing day in two weeks

[11:49] {Threei} now, my approach to this is:

[11:50] {Threei} odds are odds, we are bound to have losing days sooner or later,

[11:50] {Threei} and main task is to keep losses well trimmed down

[11:50] {Threei} so I don't want to continue doing what hasn't worked so far and accumulate losses out of stubberness

[11:51] {Threei} instead I want to see if can get one of setups based on someone getting shaken out

[11:51] {Threei} like sharp pullback after the breakout

[11:51] {dino} oh, i thought you were going to the pub

[11:51] {nemo} $ at low for the day

[11:51] {Threei} that's a good idea too

[11:51] {magoo} in :)

[11:51] {Threei} lol

[11:52] {dino} some times it is less expensive than pushong

[11:52] {dino} pushing

[11:52] {Threei} and way more pleasanrt

[11:53] {dino} so, i shall do that next week

[11:54] {Threei} DRIV, false break, sharp pullback now

[11:54] {Threei} let's sdee if there is a bounce in it to scalp

[11:55] {Threei} want another vertical bar down

[11:56] {nemo} .80 is pivot

[11:57] {Threei} feels like going under .80 to me

[11:57] {nemo} just info

[11:58] {dino} i ran it from .50-.85 earlier, .40 held then

[11:59] {Threei} in

[11:59] {Threei} .73

[11:59] {fernp} stop?

[11:59] {magoo} .78

[12:00] {Threei} .65

[12:01] {magoo} taking too long...no good sign

[12:03] {Threei} tighten stop to under .70 then and hunt for reentry if stopped

[12:05] {Threei} ok DRIV, it's time

[12:05] {Threei} sharp jump is just what you need now

[12:06] {Threei} yeah right

[12:06] {fernp} O U T

[12:06] {Threei} if even so deep pullbacks don't work...

[12:07] {magoo} ironically..original short was the trade

[12:07] {Threei} yup

[12:07] {Threei} but it got shaken out too

[12:09] {Threei} and it's now where I intended to cover it when said it was more than scalp

[12:09] {Threei} frikin 40 cents target

[12:09] {fernp} and ENER 12 break is not working...

[12:14] {Threei} BVX FDA 510(k) Clearance to Market Laparoscopic Device for Solid Organ Resection; Submits to FDA 510(k) Application for Resistick II Coated Electrodes

[12:14] {Threei} Bovie Medical Corporation (the Company) (NYSE-AMEX Symbol: BVX), a manufacturer and marketer of elec...more...

[12:22] {dino} germany cutting solar subsidies moving more towards nuclear

[12:24] {Threei} is it something fresh?

[12:24] {Threei} I dopn't see any headlines

[12:28] {patience} The German CDU energy spokesman says that Germany--the world's largest solar market--will be further cutting solar subsidies in 2010. They are looking more favorably at nuclear power to meet demand and cut greenhouse gasses

[12:28] {patience} realmoney blurb just posted

[12:29] {dino} inin

[12:29] {Threei} so, there is a hope for common sense in the world?

[12:29] {nemo} stop being silly

[12:29] {Threei} yeah... what was I thinking

[12:29] {dino} no vad, cal. just increased the subsidies

[12:32] {dino} stec

[12:32] {Threei} oh well... it was a nice thought for all of 6 seconds

[12:34] {nemo} Should never have looked away...that flatline

[12:37] {nemo} where you waiting Dino

[12:38] {dino} .90

[12:39] {dino} too low perhaps

[12:50] {dino} sm l .25

[12:51] {Threei} Citigroup analyst comments on Solar sector; says more pressure is growing on German subsidies (timing uncertain)

[12:51] {Threei} - notes "solar stocks are down across the board today on news overnight from Germany that the recently elected administration is seeking to reduce feed-in-tariffs (FIT) for solar power generation by as early as 2010. While discussions are ongoing and no specifics were provided, we note this is a decidedly more negative stance versus original expectations of what was largely believed to be an impending cut to take effect in 2011 but broadly in-line with our view that Germany is at best a temporary positive."

[12:57] {larisa} not good news for ENER actually, Germany market is 3d after Spain and France.

[12:58] {Threei} (US) US Senator Snowe (R): will vote for Baucus healthcare plan

[12:58] {Threei} - (related UNH WCG HUM CI CVH UNH WLP )

[12:59] {Threei} AET dropped like stone

[12:59] {Threei} all in the list above did too

[13:00] {dino} stec stopped -.36

[13:04] {nemo} aig in a tight range

[13:08] {Threei} what isn't

[13:09] {Threei} I just checked for my own pulse

[13:09] {Threei} seriously questioned if I even had any

[13:09] {nemo} can you see yourself in the mirror?

[13:09] {Threei} hmmm... not really, and I feel strange idiosyncrasy to sunlight

[13:10] {nemo} then why are you checking for a pulse?

[13:10] {Threei} that was just my first clue

[13:10] {nemo} ahhh

[13:15] {strider} ntrs

[13:21] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_debra_j_saunders/what_happened_to_global_warming

[13:32] {ese} hey everyone...outta here for the day ...still long ener at .84...cya tomorow

[13:33] {nemo} by ese

[13:33] {ese} dude......later

[13:33] {larisa} bye ese, nerves of steel :)

[13:33] {Threei} take care ese

[13:33] {fernp} bye ese

[13:48] {Threei} EU) ECB's Noyer: Good idea to have balance in multi-currency global system; SDRs are not an instrument to replace USD

[13:48] {Threei} - Chinese Yuan can be reserve only once it is convertible; emerging economies should gradually shift toward the Euro for trade.

[13:48] {Threei} - Global monetary system can evolve "progressively".

[13:48] {Threei} - Euro is 'obvious candidate' for reserve currency.

[13:49] {nemo} talking his book

[13:49] {Threei} this is beyond idiotic

[13:49] {Threei} yan as reserve currency?

[13:50] {Threei} euro that is a subject of questioning re: its very survival?

[13:50] {nemo} that's probably why he's suggesting it

[13:53] {Threei} F Recalling 4.5M vehicles due to faulty switch - Detroit news (7.70, +0.08, 1.05%)

[13:53] {Threei} VNDA

[13:54] {Threei} probably time to bottom out and regain some

[13:55] {Threei} Long Setup: VNDA .55

[13:55] {Threei} with any market help target is about 11.90

[13:56] {Threei} stop is under .40

[13:56] {dino} syna

[13:58] {strider} no shorts for syna

[13:58] {nemo} trading by appointment

[13:58] {nemo} vnda

[14:03] {strider} qcom

[14:06] {Threei} Market Internals update at 2:00pmET

[14:06] {Threei} - NYSE volume 585M shares, about 15% below its three-month average; decliners lead advancers by 1.8:1.

[14:06] {Threei} - NASDAQ volume 1.28B shares, about 12% below its three-month average; decliners lead advancers by 1.4:1.

[14:06] {Threei} - VIX index +0.5% to just over 23.00

[14:09] {dino} optt

[14:10] {Threei} VNDA invalidated

[14:11] {Threei} may reestablish itself

[14:12] {Threei} okay... what just happened to a buck?

[14:12] {nemo} going up

[14:12] {Threei} going? that's more like exploding

[14:12] {nemo} viagra?

[14:12] {Threei} covered all day's loss in what, 10 min?

[14:13] {Threei} sent gold down screaming

[14:13] {fernp} VNDA?

[14:14] {Threei} feels to me like recovery

[14:15] {Threei} that brief dibe under .40 looked and felt like last shakeout

[14:15] {fernp} good moment to enter now?

[14:15] {fernp} in a pullback

[14:15] {Threei} it's a bit above trigger

[14:15] {Threei} yes

[14:15] {Threei} pullback is the best

[14:17] {nemo} bummer

[14:18] {Threei} it ticked back to .55 after my first comment

[14:18] {Threei} if you wanted it it was there

[14:18] {nemo} didn't see that

[14:18] {Threei} [14:14] {Threei} feels to me like recovery

[14:19] {nemo} saw that

[14:19] {Threei} 14:15 bar .51 - .59

[14:19] {fernp} are you in Vad at .55

[14:19] {fernp} ?

[14:19] {Threei} .56

[14:20] {fernp} ok

[14:22] {Threei} I want .90

[14:23] {Threei} 1:1

[14:27] {fernp} I missed the entry --} I missed the play

[14:27] {fernp} if you see another good entry point, call it please

[14:28] {Threei} closer to .50

[14:28] {Threei} still as valid

[14:32] {Threei} interesting comment from Fed's Kohn

[14:32] {Threei} - Using monetary policy to tackle asset bubbles is still in question; strong preference is to improve supervision and regulation of markets

[14:32] {Threei} so, the very idea of having central bank deliberatelky setting the prime rate is in question?

[14:33] {Threei} I'll say it's time

[14:33] {Threei} actually time to abandon this idea as in 1913

[14:33] {Threei} was

[14:33] {nemo} central bank is all about politician's power...w/out central bank, they can't deficit spend as easily

[14:34] {Threei} I don't react to this simply because I lost all hope to ever regain my crown of the captain obvious

[14:40] {Threei} I'd say perfect second chance fern

[14:41] {Threei} right back into trigger, and market started turning up just at that moment

[14:41] {larisa} so VNDA drives the market?

[14:41] {Threei} hmm?

[14:41] {larisa} sigh

[14:41] {fernp} I am in .57

[14:42] {nemo} oh boy

[14:42] {larisa} ty nemo

[14:42] {fernp} stop is still under .40?

[14:42] {nemo} np lari

[14:42] {Threei} well... can modify it to under .50, but higher chance of shakeout

[14:42] {Threei} but stop is smaller

[14:42] {Threei} but...

[14:43] {Threei} OK... explain to me please how what I said means VNDA drives the market, you two

[14:43] {BKHMD} hi all

[14:43] {larisa} just smile and forget it.. or eat some bacon :)

[14:43] {BKHMD} which stock are we watching?

[14:43] {nemo} What specifically did I say to corroborate such a position

[14:43] {Threei} VNDA bkhmd

[14:43] {BKHMD} ty

[14:44] {Threei} what do you mean smile?

[14:44] {nemo} Oh Vad, cmon...

[14:44] {strider} ener lod

[14:44] {Threei} how is it done and what is it?

[14:47] {larisa} close right eye, open left eye really wide and stretch your lips

[14:47] {Threei} US Dollar vs Japanese Yen Mid afternoon reversal sparks trader speculation in wake of quiet market

[14:47] {Threei} - some desks have noted Goldman Sachs was rumored in there buying USD/JPY

[14:47] {Threei} - we have also heard the typical Bank of Japan "checking rates" chatter but would note is is 3AM in Tokyo

[14:48] {nemo} insomniac currency trader...

[14:50] {Threei} Senate Finance Committee: Procedural vote on healthcare reform bill; Vote was 13-10; main vote still upcoming

[14:51] {Threei} I just tried that Larisa... neighbor boy, 6, walked by just at that point... I am afraid that trauma will be with him all his life

[14:51] {BKHMD} Did I read there was one republican that voted for it?

[14:51] {Threei} will vote

[14:51] {Threei} there was no actual vote yet

[14:51] {Threei} but yes, she said she will

[14:51] {BKHMD} ahhh i see

[14:52] {BKHMD} when does the senate vote?

[14:52] {Threei} who knows

[14:52] {Threei} Senate Finance Committee: Passes healthcare reform bill; Vote was 14-9

[14:52] {Threei} - Snowe voted in favor (related HUM UNH CI AET WCG CVH )

[14:56] {dino} pwrd to .55

[14:57] {dino} , out +.55

[14:57] {larisa} gj

[14:57] {BKHMD} are we long or short on VNDA?

[14:58] {nemo} out

[14:58] {Threei} you missed whole play, just stays away

[14:58] {dino} ty larisa

[14:58] {fernp} out VNDA

[14:58] {dino} all day for trades to work

[14:58] {Threei} it was already invalidated, reestablished, triggered, reached 1:1 and pulled back, lol

[14:59] {nemo} once 1:1 usually pullback to trigger is your stop BKHMD

[14:59] {BKHMD} yea I had just logged in didnt see the original call

[14:59] {BKHMD} was just following it puishing for the group didnt know which way to push lol

[15:00] {Threei} oh great, so it's your fault

[15:00] {BKHMD} lol

[15:00] {BKHMD} sorry vad

06[15:00] * nemo slaps BKHMD around a bit with a large trout

[15:00] {BKHMD} fillet i hope

06[15:00] * nemo slaps BKHMD around a bit with a large trout

[15:00] {fernp} good evening everybody. awful day here. see u all tomorrow

[15:00] {BKHMD} wasabi included

[15:00] {Threei} take care fern

06[15:00] * nemo slaps BKHMD around a bit with a large sturgeon

[15:00] {BKHMD} later fern

[15:00] {larisa} why BKHMD is in caps? nobody else is, not fair:)

[15:01] {BKHMD} sorry

[15:01] {Threei} he is afraid we won't notice him?

[15:01] {nemo} acronym lari

[15:01] {larisa} lol

[15:02] {Threei} there... now we can safely pretend we do not notice him

[15:02] {bkhmd} {----Hiding

[15:03] {larisa} can HIG bounce? incredibly weak today

[15:03] {nemo} I was just looking at that

[15:04] {larisa} I thought 26.40 was it, but nooo

[15:04] {nemo} might want to play this as a short pullback :)

[15:05] {larisa} now i would not, if it can bounce, it will do it now :)

[15:05] {larisa} but down trend all day

[15:15] {dino} ghm

[15:17] {Threei} that was the bottom larisa

[15:17] {larisa} market is bouncing too

[15:17] {Threei} yeah, and fairly impressively

[15:18] {Threei} NASDAQ is back into green

[15:18] {Threei} NYSE is about flat

[15:18] {nemo} market seems to be treading water until earnings say something...maybe

[15:19] {dino} ghm sm s .84

[15:19] {Threei} somehow I doubt earnings mean much

[15:19] {nemo} guidance likely to mean more you think?

[15:19] {nemo} vnda gave up the ghost

[15:19] {magoo} freakin AIG

[15:20] {Threei} guidance is always more powerful than earnings,

[15:20] {Threei} but at this point market is ot aabout any of that

[15:20] {Threei} not about

[15:21] {Threei} AIG Financial Products employees have made 'considerable progress' in unwinding trades and cutting risk; continuing to discuss pay issues (44.90, +0.50, 1.13%)

[15:23] {magoo} nice climb GS

[15:24] {Threei} larisa... next time you mention HIG, I buy all I can afford

[15:25] {larisa} deal

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

[15:31] {Threei} - NYSE volume 770M shares, about 13% below its three-month average; decliners lead advancers by 1.7:1.

[15:31] {Threei} - NASDAQ volume 1.66B shares, about 11% below its three-month average; decliners lead advancers by 1.4:1.

[15:31] {Threei} - VIX index +0.75% to just under 23.00

[15:31] {Threei} flat day on low volume

[15:31] {Threei} why did I bother to wake up

[15:33] {nemo} I echo your sentiment

[15:36] {larisa} I will finish this fascinating day early, see you later :)

[15:36] {Threei} what?

[15:36] {Threei} you stay and suffer

[15:37] {larisa} if you smile :)

[15:37] {magoo} AONE rockeys

[15:37] {Threei} ok... go...

[15:37] {larisa} lol

[15:37] {Threei} take care larisa :)

[15:38] {Threei} I looked at AONE a few times earlier

[15:38] {Threei} never saw any play in there

[15:38] {magoo} not the steak sauce vad in your refrig

[15:40] {Threei} MRO Hearing Jim Cramer makes positive comments (33.10, +0.39, 1.19%)

[15:40] {Threei} poor MRO buyers

[15:41] {bkhmd} Agreed

[15:41] {Threei} what's got into AONE

[15:43] {magoo} well have u ever tried er um traded it?

[15:43] {Threei} AONE?

[15:43] {Threei} kidding?

[15:43] {Threei} I cvalled it for you

[15:44] {Threei} on its very first IPO day

[15:49] {Threei} late day momo

[15:49] {Threei} will be a player tomorrow

[15:49] {dino} cov ghm .51, +.33

[15:49] {magoo} if JPM reports blow out #...dow 10k

[15:50] {magoo} tomorrow

[15:50] {dino} we're only 120 away

[15:50] {nemo} if JPM reports blow out numbers and market doesn't go..oh oh

[15:51] {nemo} JPM should blow the doors off though because of trading

[15:51] {dino} inin spiked

[15:53] {magoo} gun to vads head..id say jpm up

[15:54] {Threei} I don't predict earnings

[15:56] {dino} lol. "to vads head"

[15:56] {Threei} AMZN JPM out making pos comments, citing most recent comscore data that will be better than expected

[15:56] {Threei} - Note JPM rated AMZN as a Buy

[15:57] {Threei} (US) San Francisco Fed's Rudebusch: Recession "almost certainly" over

[15:57] {nemo} dino..shouldn't cause any damage if he gets shot there

[15:57] {bkhmd} bad nemo

[15:57] {bkhmd} lol

[15:57] {nemo} is there any other kind of "nemo"

[15:58] {magoo} u picked up on that dino

[15:58] {Threei} who wouldn't lol

[15:59] {dino} mstr out .50, +.27

[16:00] {Threei} OK guys, disgusting day

[16:00] {Threei} glad it's over

[16:00] {Threei} but hey, I got to kick nemo

[16:00] {Threei} and larisa wasn't here to protect him

[16:00] {dino} markets are busy couple minutes, then mind numbing for hours

[16:00] {Threei} oops, he missed that

[16:00] {Threei} nemo, for you:

[16:00] {Threei} 16:00] {Threei} OK guys, disgusting day

[16:00] {Threei} [16:00] {Threei} glad it's over

[16:00] {Threei} [16:00] {Threei} but hey, I got to kick nemo

[16:00] {Threei} [16:00] {Threei} and larisa wasn't here to protect him

[16:01] {Threei} that was about the only highlight of the day

[16:01] {nemo} glad to be of service...ow

[16:01] {Threei} have a good evening, we will get them tomorrow

[16:01] {bkhmd} take care all

[16:02] {nemo} akamai might be in play tomorrow too

[16:02] {Threei} I have some personal issue with it

[16:02] {nemo} sorry

[16:02] {Threei} whenever I try it, I lose 8 out of 10

[16:03] {Threei} don't know what it is about this stock

[16:03] {nemo} So...we lose 8 out of 10

[16:03] {lasertrev} gn all