Oct 20 2009

Positive day even though large part of it was inactive. Some longs, some shorts, interesting salmon play on FITB that will resolve tomorrow.

Session Time: Tue Oct 20 00:00:00 2009

[08:30] {Threei} US) SEPT HOUSING STARTS: 590K V 610KE; BUILDING PERMITS: 573K V 595KE

[08:30] {Threei} US) SEPT PRODUCER PRICE INDEX M/M: -0.6% V 0.0%E; PPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E

[08:40] {fernp} Good morning everybody

[08:40] {magoo} morning

[08:41] {Threei} fern, magoo :)

[08:42] {nemo} haroo

[08:43] {Threei} could be

[08:45] {nemo} what a good morning?

[08:45] {Threei} haroo

[08:46] {nemo} oh

[08:46] {nemo} db catcat

[08:46] {nemo} too much coffee

[08:50] {cosmo} gee ...CAT came back...

[08:51] {nemo} the song cosmo?

[08:51] {cosmo} the very next day....yea

[08:51] {nemo} scary...I knew exactly what you were thinking about

[08:51] {Threei} ORBT Receives Contract From Federal Aviation Administration Valued in Excess of $875K

[08:52] {cosmo} yeah ...scary

[08:55] {nemo} thought Cat might break that .40

[08:56] {cosmo} HGSI 22.50 spike high (pre mkt)

[08:57] {Threei} Human Genome Sciences Inc Presenting positive Phase III results for BENLYSTA in lupus at ACR conference

[08:58] {cosmo} Shares Up 4.9% After Earning $75 Million Milestone Paym

[09:02] {magoo} u watching CAT vad?

[09:02] {Threei} among others

[09:06] {nemo} cat gonna" have a little drop here?

[09:07] {Threei} NYX to Provide Transparency for Alternative Trading Systems (29.06, 0.00, 0.00%)

[09:07] {Threei} this is interesting

[09:09] {Threei} - beginning next month, it will provide a means for participating broker-dealers alternative trading systems (ATSs) and off-exchange market centers to create transparency regarding volume and individual dark pool activity by allowing the firms to print trades on the FINRA/NYSE Trade Reporting Facility (TRF) and display the daily activity of each trading venue on NYSE.com.

[09:09] {cosmo} wha?

[09:13] {ese} GM

[09:13] {larisa} good morning :)

[09:14] {strider} morning everybody:)

[09:14] {Threei} ese, larisa :)

[09:14] {Threei} strider :)

[09:14] {strider} 3i:)

[09:16] {lasertrev} gm

[09:16] {ese} strider laris.....

[09:16] {Threei} trev :)

[09:16] {ese} trev

[09:18] {ese} anyone make note of aapl this morning up 12pts......beats the street huge

[09:18] {nemo} Rip Van Ese...sheesh

[09:20] {ese} obviously i missed it........seee thats why i was asking a question....just easing into the conversation

[09:20] {nemo} Ese...you stick your chin out like that, whaddya' expect?

[09:21] {Threei} especially wth nemo around

[09:22] {ese} head between knees now....moping and sulking.....feeling sorry for self....whimpering...will go away now

[09:22] {ese} feeling hurt

[09:23] {ese} nemodoen't like me no more

[09:23] {nemo} Larisa!!!! ese needs sympathy

[09:23] {nemo} I never said that ese

[09:23] {nemo} You know the story of the scorpion and the frog?

[09:24] {ese} ahhhhhhh....what can i say....just being a sap......looking for sympathy.....but it just doesn't work on this board

[09:25] {ese} no what

[09:25] {nemo} Ese...we're all right there cheering you on in those "little bugger" trades

[09:25] {dptl} good morning all

[09:25] {Threei} dp :)

[09:25] {ese} ddddddddpppppppppppp!

[09:25] {dptl} :)

[09:27] {Threei} not having clear candidates for the opening, will sit out first minutes, just like yesterday

[09:29] {ese} how bout athr vad......

[09:29] {ese} or bcrx

[09:29] {gnslng} sveta0909

[09:29] {Threei} candidates to wtch

[09:29] {Threei} just mno clear trades on them yet

[09:30] {magoo} CAT pulling bk

[09:30] {nemo} everything locked up

[09:32] {nemo} $ strengthening

[09:33] {Threei} Long Setup: HIG .60 break if stays above .50

[09:35] {Threei} invalidated

[09:35] {nemo} cat db?

[09:36] {Threei} nah

[09:36] {nemo} hig rude

[09:36] {Threei} why?

[09:36] {nemo} tad insolent...came back to trigger

[09:36] {Threei} invalidated setup, and if you tried it you would be stopped now

[09:37] {magoo} HGSI pulls bk hard

[09:37] {Threei} Long Setup: HIG .50 break if stays above .40

[09:38] {magoo} AIG vad..39 area

[09:38] {Threei} invalidated

[09:38] {magoo} AAPL loses 200

[09:39] {fernp} UAUA 8 break seems interesting

[09:39] {Threei} I wouldn't fern

[09:40] {Threei} nice on daily but intraday is too vertical into resistance

[09:40] {nemo} yeah...long is wrong right now

[09:40] {fernp} ok. ty. just looking at it

[09:41] {cosmo} hmmm

[09:41] {Threei} this is very interesting day guys

[09:41] {nemo} yeah llook at bear flag on spy

[09:41] {ese} dino you there? micc

[09:41] {Threei} if we go red and stay red after all these sparkling earings, we are likely to finally start meaningful reversal

[09:41] {nemo} ese..he's gone for the week

[09:42] {ese} ahhhhhhh fishing?

[09:42] {nemo} golfing

[09:42] {Threei} Short Setup: CAT half lot .30

[09:42] {ese} even better....i have a tee time for friday but not like dino

[09:42] {Threei} if dtays under .50

[09:43] {Threei} not a scalp for me

[09:44] {ese} missed it

[09:44] {Threei} 1:1, covering half

[09:44] {fernp} ty very much

[09:44] {_mreust} Not a bad start!

[09:44] {nemo} ty tanks

[09:44] {Threei} you should see us finishing yesterday...

[09:45] {nemo} aig Vad?

[09:46] {nemo} ehhh..too much volatility at the moment

[09:46] {Threei} .35 stop for CAT balance

[09:46] {strider} out +.20, +08

[09:46] {ese} l sndk .81

[09:46] {Threei} why so high strider??

[09:47] {Threei} was easily available near .10

[09:47] {strider} let it come back up. didn't want to take last partial at a loss.

[09:47] {strider} took first half at .10

[09:47] {Threei} oh, second half you mean

[09:47] {Threei} ok

[09:47] {Threei} out

[09:47] {Threei} scalpers win

[09:48] {strider} 2nd half was on the way back up.

[09:48] {Threei} yeah, got it

[09:49] {Threei} Long Setup: RIMM .10 break half lot

[09:49] {Threei} if stays above .90

[09:49] {magoo} in'

[09:50] {strider} in

[09:51] {ese} out sndk.83 +.02 scratch not enough momentum

[09:51] {ese} or rather time and sales looked to be slowing down

[09:52] {Threei} wow... report that Chamber of Commerce supports carbon tax was a hoax

[09:53] {Threei} US FDIC Staff recommends end of Govt debt guarantee on Oct 31

[09:54] {Threei} hmmm... how does it prop AIG up?

[09:54] {ese} l swks .98

[09:54] {Threei} RIMM almost 1:1

[09:54] {ese} had bstop....just noticed the fill

[09:55] {Threei} half out or scalp... your decision

[09:55] {Threei} I am out

[09:55] {strider} half +.19

[09:55] {fernp} ty again

[09:55] {Threei} those pesky scalprs win too consistently

[09:55] {nemo} aapl fallling

[09:55] {Threei} and I am not all that comfortable with longs rght now

[09:56] {Threei} AIG lost its mind

[09:56] {Threei} well, what went for it anyway

[09:57] {strider} 2nd half @ .16....same story as before....well, 2 for 2. thanks, VAD

[09:57] {Threei} sure thing

[09:57] {nemo} aapl downhill

[09:59] {ese} out swks ..12 +.14

[09:59] {strider} there goes sndk, ese

[09:59] {ese} ya just noticed that strider

[09:59] {magoo} did i miss our exit RIMM?

[09:59] {ese} looks like it did have have enough momo

[09:59] {magoo} occuppied

[10:00] {ese} oh well......wasn't feeling right at the tiem

[10:00] {ese} time

[10:00] {nemo} $ selling off

[10:01] {Threei} near .30 mags

[10:01] {ese} cien taking off

[10:01] {magoo} ty

[10:01] {strider} klac on the move also

[10:02] {strider} c&H rimm, vad?

[10:02] {strider} cup too smll

[10:02] {strider} small

[10:04] {Threei} not comfortable with it strider

[10:06] {fernp} HIG 27.50 break?, too evident Vad?

[10:06] {Threei} just looking at it too

[10:06] {Threei} no

[10:06] {Threei} let's skip it

[10:06] {fernp} agree

[10:06] {Threei} and let's make a little pause and look around

[10:07] {Threei} here is what I see and what makes me hesitant

[10:07] {Threei} we opened the day with two huge earning beats by two bellweathers

[10:07] {Threei} went into red after that

[10:08] {Threei} another ovservation over past few days:

[10:08] {Threei} volume sharply increased on a rare red day last week,

[10:08] {Threei} and diminished again on green days

[10:08] {nemo} was down on yesterday

[10:08] {Threei} you know I am not the one to call trend reversal

[10:08] {Threei} at least not easily

[10:08] {Threei} but this is more and more looking like topping action

[10:09] {Threei} also, you may have noticed somewhat increased number of short calls lately

[10:09] {Threei} (winning ones too)

[10:09] {Threei} and it's not like I made a conscious decision to start calling more shorts,

[10:09] {fernp} I did not realize about volume that red day. good point

[10:09] {Threei} it's just that short setups started presenting themselves more frequently

[10:10] {Threei} All above is pointing to signs of reversal coming

[10:10] {Threei} BUT

[10:10] {Threei} there is always a bit

[10:11] {Threei} we have seen false reversals a few times over the summer

[10:11] {larisa} a bit of but?

[10:11] {Threei} we didn't trust those, I continuously stated that those were just pullbacks,

[10:11] {Threei} right

[10:12] {Threei} and there is a probablility, albeit decreasing, that this one may turn out a fake too

[10:12] {Threei} If it does, I don't want to get caught attempting to short just another bull flag,

[10:13] {Threei} and it does not look to me like bull flag at the moment,

[10:13] {Threei} neither volume configuration nor this going red on good earnings fit profile.

[10:13] {Threei} So, here is what I want to do:

[10:14] {Threei} 1. stop guessing whether it's reversal or pullback

[10:14] {Threei} 2. observe carefully for confirmation of either

[10:14] {Threei} 3. take setups on stock by stock and minute by minute basis

[10:15] {Threei} 4. stay nimble and limit expectations to scalps unless I feel otherwise strongly enough to call it "not a scalp"

[10:15] {Threei} 5. even in thiose cases partial out at 1:1 and trail stop to b/e religiously, just as we did with CAT

[10:16] {Threei} done blabbing

[10:16] {nemo} that shouldn't last long

[10:16] {Threei} what?

[10:16] {strider} sounds good to me.

[10:16] {nemo} done blabbing

[10:16] {Threei} ah

[10:16] {nemo} sorry...it was right there

06[10:17] * Threei slaps nemo around a bit with a large heavy object of unknownm origin

[10:17] {Threei} this was too

[10:17] {nemo} mmmmhhh...pine cone hit me off the head...anyway indexes about to test lows

[10:18] {Threei} oh, and another thing

[10:18] {strider} klac in funky H&S

[10:18] {nemo} see

[10:18] {Threei} 6. look into increase of range trades

[10:18] {Threei} instead of range breaks

[10:18] {Threei} to illustrate:

[10:18] {Threei} look at HIG

[10:18] {nemo} aig holding strong

[10:18] {Threei} .50 break wouldn't have worked

[10:19] {fernp} was looking at it

[10:19] {Threei} but scalps between .40 and .55 would

[10:19] {nemo} $ stronger

[10:20] {Raven} {--------- approves of 3i's comments

[10:20] {Threei} thank you

[10:20] {Raven} yw

[10:20] {Threei} can I gop home?

[10:20] {nemo} wow...he came down from on high

06[10:20] * Raven slaps nemo around a bit with a large trout

[10:21] {nemo} I feel blessed

[10:21] {fernp} lol

[10:21] {Raven} {---- and on that note I will take a hike

[10:21] {magoo} q erver vad?

[10:21] {Raven} be careful

[10:21] {nemo} you got wings don't you

[10:21] {Threei} 11

[10:21] {magoo} ty

[10:21] {Raven} legs need exercise

[10:21] {Raven} cya

[10:22] {nemo} have a nice day Raven

[10:22] {Threei} take care R

[10:23] {Threei} CAT

[10:23] {Threei} this bounce into 60 should be shortable

[10:23] {nemo} yeah, and aig

[10:23] {magoo} respectfully..i like it long for a bounce

[10:24] {Threei} it bounced already

[10:24] {magoo} more

[10:24] {nemo} it would have to break .10

[10:24] {Threei} to me it's just a question of where the bounce tops so we could short it

[10:24] {magoo} .40 area

[10:24] {magoo} imo

[10:27] {nemo} not sure the market has shown it's hand for the day

[10:30] {nemo} RIMM short?

[10:32] {ese} strider check out sndk now......man there seemed like something phony going on earlier

[10:32] {strider} vedy interestin

[10:33] {nemo} but...

[10:33] {Threei} OK

[10:33] {Threei} Short Setup: CAT right here with stop above .15 half lot

[10:33] {Threei} in

[10:34] {strider} in

[10:36] {Threei} no go

[10:36] {fernp} out

[10:36] {strider} out

[10:36] {strider} futs spiked

[10:36] {fernp} yeah

[10:42] {nemo} cat actually weathered that downturn

[10:42] {nemo} as did rimm

[10:43] {ese} de market boss.....de market....shes saaaa slowly creeeepin daoun dare boss....

[10:43] {nemo} meds ese

[10:43] {magoo} huh?

[10:44] {nemo} he's doing his Gungin impression

[10:44] {ese} oppss slowly creepin up dare boss up dare

[10:44] {magoo} WELL ITS CAUSING MAGOO DEPRESSION

[10:44] {ese} l swks .05

[10:46] {ese} took some ginko yesterday.....for the memory......I think

[10:46] {Threei} Short Setup: RIMM .75 half lot

[10:47] {Threei} if stays below .90

[10:49] {ese} out swks .13/.14 approx +.09

[10:49] {nemo} big buy on .80 rimm

[10:49] {ese} 5k of the little buggars

[10:49] {Threei} yeah, let's modify trigger to .80 break

[10:49] {nemo} $ strengthening

[10:50] {Threei} good

[10:50] {nemo} AIG short?

[10:50] {Threei} not a scalp is triggers

[10:51] {Threei} no read on AIG

[10:53] {Threei} how about that?

[10:53] {nemo} how about what?

[10:53] {Threei} sigh... never mind

[10:54] {nemo} frick

[10:54] {Threei} RIMM invalidated

[10:55] {ese} vad.....auch......I have forsaken thee again..........i should have sold 1/2 and let the other 1/2 ride in swks......can ye ever forgive me

[10:55] {Threei} no... never

[10:55] {nemo} If you'd kept your mouth shut ese...sheesh

[10:56] {Threei} in fact, I fully intend to blackmail you to our with dp's benefit... only box of vodka will save you

[10:56] {ese} i have failed you again........auch du miya

[10:57] {ese} i know nemo.....iknow........just ........auch

[10:57] {nemo} catholic?

[10:57] {ese} naw....sorcerer faith

[10:58] {nemo} cool

[10:58] {ese} more exciting......kids have gotten me into it with Harry Potter

[10:58] {ese} have a wand......can't seem to make it work though........works on a set of drums however

[10:59] {ese} ahhhhhhh it's a drumstick.....i knew there was something familiar about it

[10:59] {nemo} the wand is only a talisman to conduct your intention

[11:00] {ese} ha ha ....ha ha...good one

[11:02] {nemo} Right now though this looks like a consolidation day

[11:02] {nemo} ese dcc

[11:03] {ese} FITB is looking interesting for the first time in a long while

[11:03] {strider} dndn?

[11:04] {Threei} AONE

[11:04] {Threei} A123Systems CEO: in "late stage" negotiations with DOE on loans for development of lithium-ion batteries

[11:04] {Threei} - first US plant for battery cells will open in mid-2010 in Michigan.

[11:04] {Threei} don't see much interesting on DNDN

[11:08] {Raven} a new industry in Michigan ? ... unbelievable

[11:09] {Threei} rather support on existing autoindustry

[11:09] {Raven} auto industry barely existing

[11:09] {Threei} lol... good point

[11:09] {Raven} sheesh

[11:09] {Raven} whatta dumb state

[11:10] {strider} states can be dumb?

[11:10] {nemo} see any deer on your walk Raven?

[11:10] {Raven} state government

[11:11] {strider} of course

[11:11] {Raven} no deer today ... no wild turkeys either

[11:12] {strider} Got a coyote passing through here once in awhile. western NC

[11:12] {Threei} RIMM, watching if reestablishes itself

[11:12] {Raven} yup ... we have them here also in the neighborhood

[11:12] {Raven} SW Michigan

[11:12] {nemo} we have coyotes up the wazoo

[11:13] {strider} need one more?

[11:13] {gnslng} strider where abouts are you? i am also in WNC

[11:13] {strider} Hickory

[11:13] {Raven} where nemo?

[11:13] {gnslng} i see, i am in waynesville / maggie valley

[11:14] {strider} ah yes. Get up there every once in awhile.

[11:14] {strider} motorcycling

[11:14] {nemo} Massachusetts

[11:14] {nemo} eastern south of Boston

[11:14] {Raven} where in Mas

[11:14] {Raven} +s

[11:15] {Raven} rural Mass?

[11:15] {nemo} suburban

[11:15] {nemo} you know Mass?

[11:15] {Raven} somewhat ... both parents from there

[11:15] {nemo} what town/city?

[11:16] {Raven} Holyoke and Charlton

[11:16] {nemo} that's rural...I'm inside the 495 belt

[11:16] {Raven} I see ... and you have lots of coyotes ? I am surprised

[11:16] {ese} thinking long swks again

[11:17] {nemo} oh yeah...couple of years ago in Brighton..part of Boston...big stink over a ladies lapdog-turned-brunch by a coyote

[11:17] {nemo} lady's

[11:17] {Raven} sheesh

[11:18] {strider} I've got 3 cats to worry about=coyotes...try to keep them in at night.

[11:18] {Raven} cats should always stay in

[11:19] {nemo} I always get a kick out of seeing the missing pet signs on the telephone poles...they are always small animals

[11:19] {strider} my cats would be miserable inside.......and so would I.

[11:20] {strider} risk= reward, no?

[11:20] {Raven} lol ... if you keep them in since birth they know no other way

[11:20] {nemo} The Matrix

[11:20] {ese} that happens periodically with cougars and dogs going missing in North Vancouver......half the city is up the side of a mountain

[11:20] {strider} neither would you or I :)

[11:20] {nemo} absolutely

[11:21] {strider} Two of my cats were born wild........

[11:21] {Raven} that makes it hard then

[11:21] {Raven} my two were bottle fed by people

[11:22] {Raven} they are almost people

[11:22] {strider} aw jeez....

[11:22] {Raven} yes

[11:22] {Raven} a mouse would never touch their lips

[11:22] {Threei} FITB really looks more and more interesting

[11:23] {strider} I'm glad somebody's working here..

[11:23] {Raven} lol

[11:23] {nemo} AIG break of .80?

[11:23] {Threei} rathjer yes than no but like 52/48

[11:25] {ese} dabbling swks L .03 stop .94

[11:26] {ese} dabbling is 1k for me by the way

[11:27] {strider} cat

[11:28] {Threei} (US) Senator Bunning (R-KY): Consumer financial watchdog agency bill will not pass the Senate Banking Committee (related XLF )

[11:28] {ese} sorry don't have cats.....allergic

[11:29] {Raven} so am I ... there is a drug that fixes that

[11:29] {strider} cats are allergic to you?

[11:29] {ese} probably

[11:29] {Threei} AIG readies itself it seems

[11:29] {magoo} in

[11:31] {larisa} no go through pivot

[11:31] {ese} wow mags......

[11:32] {strider} nobody listened to me....cat.........not even me.

[11:32] {Threei} where is its pivot?

[11:32] {larisa} 41.83

[11:32] {Threei} ty

[11:32] {Threei} Energy Sec Chu: Oil around $80/bbl "makes me nervious" (related USO )

[11:32] {ese} i did strider....said i didn't have any

[11:33] {strider} CAT :)

[11:33] {ese} alright.....joke is old already

[11:33] {Threei} Obama administration wants stable oil prices (related USO )

[11:33] {Threei} lol

[11:33] {strider} cat-on-pillow

[11:34] {Raven} you lookin' in my window?

[11:34] {strider} would I do that?

[11:34] {Raven} yes

[11:34] {strider} well, then , yes

[11:35] {Raven} {----------- circling

[11:35] {Threei}

[11:35] {Threei} RIMM

[11:35] {Threei} reestablished

[11:36] {ese} i like how swks holds it's own when qqqq's decline.....

[11:36] {Threei} FITB too

[11:37] {ese} opps spoke too soon

[11:38] {ese} fitb hanging in there though

[11:39] {ese} bloowdy eeel.....stoped

[11:40] {ese} just touched .94 and fill me.....^%%$#^%%.........*(&^&^%$%.........&*^%^#

[11:40] {nemo} $ going north

[11:40] {fernp} ZION valid dbi, Vad?

[11:41] {ese} why i otta!!!!!!

[11:41] {Threei} I think so iff helped by market

[11:41] {fernp} ok

[11:44] {strider} hgsi in dbi formation

[11:44] {Threei} RIMM 1:1 if you went for it

[11:46] {ese} fitb looking really good vad

[11:46] {Threei} I am more and more intrigued

[11:46] {ese} moi aussi

[11:48] {larisa} FITB reports oct 22

[11:49] {ese} good to know....will go up probably til then then tank

[11:50] {Threei} unless it beats big - then it will gap up and only then tank :)

[11:50] {Threei} salmon...

[11:50] {Threei} who is ready to try it

[11:51] {Threei} .58 break, .45 support

[11:51] {ese} moi

[11:51] {Threei} aggressive entries are preferable

[11:52] {ese} l fitb .55

[11:52] {fernp} me too

[11:54] {nemo} market has slowed to a crawl

[12:00] {ese} something calming about being in fitb

[12:00] {Threei} rofl

[12:00] {strider} gives me the nervous jerks...and I'm not even in

[12:02] {strider} average range about 37 cents

[12:03] {fernp} ZION no go. stopped

[12:05] {nemo} hig short .60?

[12:05] {Threei} brweak of it rather

[12:05] {nemo} although, looks like the indexes want up a bit

[12:05] {nemo} yes break

[12:05] {Threei} if stays under .70

[12:06] {Threei} or .65 for hardcore scalpers

[12:06] {ese} ba humbug ....it's lunch hour ....now i'm going to have to wait for the payoff in fitb

[12:10] {Threei} Market Internals update at 12:00pmET

[12:10] {Threei} - NYSE volume 510M shares, about 5% above its three-month average; decliners lead advancers by 4.7:1.

[12:10] {Threei} - NASDAQ volume 945M shares, about 7% below its three-month average; decliners lead advancers by 3.1:1.

[12:10] {Threei} - VIX index +0.05% to just over 21.50

[12:17] {fernp} I liked HIG 60 breakdown setup, But it did exactly the opposite of what I thought

[12:17] {fernp} difficult to read market these days

[12:17] {nemo} yeah...market decided to move up

[12:17] {ese} L fitb avg .54

[12:23] {strider} Vad, what period do you use for RSI on 1 min chart?

[12:23] {Threei} I don't use RSI

[12:23] {Threei} that takes care of the problem

[12:24] {strider} Hey. You sold me all these Boooooooogus DVDs showing you use RSI!

[12:24] {Threei} uhhu

[12:24] {Threei} you are being deceived

[12:24] {strider} I knew it.

[12:24] {Threei} badly

[12:24] {Threei} my purpose in life is to promote RSI while I don't use it myself

[12:24] {strider} Some guy with a bad russian accent is using it.

[12:25] {nemo} he's running for office next year

[12:25] {ese} rotfl

[12:26] {Threei} on the othjer hand, if you are interested in BBs, that setting may be of interest to you since I use non-standard one for intraday

[12:26] {strider} I should have been suspicious when you picked RSI over volume on the 1 min chart.

[12:26] {nemo} 13 period 1.7 standard deviations

[12:27] {strider} not 1.69?

[12:27] {nemo} funny...you have to turn around on that setting

[12:29] {fernp} Vad uses RSI 10 on those videos. There's a video explaining configuration

[12:30] {Threei} right

[12:30] {Threei} and I forgot exact settings

[12:30] {fernp} lol

[12:30] {Threei} and abandoned RSI since then

[12:31] {strider} that one must be extra.......the configuration video.

[12:31] {Threei} not that there isd anything wrong with it

[12:31] {nemo} hgsi short?

[12:31] {Threei} but I tend to simplify things

[12:31] {strider} the ac/dc oscillator

[12:31] {nemo} Seinfeld oscillator

[12:31] {strider} yes

[12:32] {Threei} no read HGSI

[12:32] {nemo} yeah, it went short

[12:35] {strider} RIMM also?

[12:35] {Threei} ewverytyhing looks short

[12:36] {Threei} problem is, it doesn't follow through generally

[12:36] {nemo} indexes are pretty flat

[12:36] {Threei} market is not dropping like crazy, it's just slowly rolling over, and today is one of first days of such rollover

[12:37] {Threei} can't expect shorts to start working flawlessly right away

[12:37] {Threei} it's like nww OS by MSFT... gotta work out kinks first

[12:37] {strider} would you say shorts are in a bind?

[12:38] {nemo} look at gap on 15 minute chart rimm

[12:38] {nemo} support right here

[12:38] {Threei} I don't know what it means

[12:39] {nemo} o.k. well, if it rises to .40 and stalls, we looking at a short setup

[12:39] {nemo} ?

[12:40] {Threei} .50 rather

[12:42] {strider} L.fitb@.48

[12:47] {Threei} now RIMM is better candidate for short if market resumes downward

[12:48] {ese} nice entry strider

[12:48] {strider} hope so

[12:51] {Threei} lol, you have 1:1 here stirder

[12:52] {strider} :)

[12:52] {ese} your fine......

[12:52] {Threei} beauty of aggressive entries

[12:53] {nemo} this is looking more like a market turn

[12:53] {Threei} lol... Halloween costume: suit and tie with mask of Bernie Madoff, calls "Whack a Ponzie"

[12:53] {strider} DIA already has a nice dbl bottom.

[12:55] {larisa} 5 seconds trade on STT :) laser is good

[12:56] {Threei} wait... Laser did?? or you did?

[12:56] {Threei} 'cause if Laser, I want that feature

[12:56] {larisa} lol

06[12:56] * Threei is looking around for "5 seconds winning trade" button

[12:57] {strider} I think you can either pick the button or the RSI feature. You got RSI.

[12:57] {lasertrev} that costs extra

[12:57] {Threei} sigh

[12:58] {Threei} how about "refuse to execute losing trades" button?

[12:58] {lasertrev} lol

[12:59] {ese} rotfl

[13:05] {Threei} AXL Hearing vague chatter of a possible large contract with Ford

[13:06] {Threei} looks like downside is done for now

[13:06] {Threei} and quite possibly for the day

[13:06] {Threei} but I seriously hope to see red close

[13:06] {larisa} -130 finish :)

[13:07] {Threei} I hope so

[13:08] {Threei} but my bet will be -50

[13:08] {larisa} I want AAPl to roll over. holding so far

[13:08] {larisa} too safe bet.. boring

[13:08] {Threei} I am boring

[13:09] {larisa} agree with me or say +130

[13:09] {Threei} if you see a crowd yawning and snorring, you can bet I am in the middle, trying to entertain them

[13:10] {Threei} Alan Greenspan told me I was too boring for him

[13:10] {Threei} if you watched him speaking just once, that should tell you something

[13:10] {larisa} lol

[13:12] {ese} ya know....dino would have loved micc

[13:12] {ese} I should have traded it in his honor

[13:12] {larisa} I traded STT in his honor :)

[13:13] {larisa} so you do not have to

[13:13] {Threei} I feel ashamed... I haven't done anything in his honor

[13:13] {ese} but alas no....L swks .95

[13:13] {nemo} tell a corny joke

[13:13] {Threei} nah, I can't even hope to beat that very large moth one

[13:16] {strider} Don't you just love it when your damn cable company decides to work on the lines in the middle of the day...and just cuts you off?

[13:17] {strider} Have a DSL backup....

[13:19] {strider} Is it possible FITB was just toying with our affections?

[13:19] {Threei} we have any?

[13:20] {strider} infections?

[13:20] {Threei} same question...

[13:20] {strider} one leads to the other.

[13:21] {nemo} good one

[13:21] {Threei} lol... reminded me my dialog with pro photographer

[13:22] {Threei} I told him about difficulty I had with one partuclar focusing situation

[13:22] {Threei} continuous focus on moving target where camera was supposed to track subject once locked focus on it

[13:22] {Threei} his advice was:

[13:22] {Threei} try STD

[13:23] {Threei} me: say what?

[13:23] {Threei} turned out there is aconfiguration called Single Target Dynamic

[13:24] {Threei} RIMM{ bounce cadidate

[13:24] {Threei} Long Setup: RIMM .60 break if holding .50

[13:26] {Threei} (US) Dark Pool Trading Limit to be cut 95% in SEC Proposal

[13:26] {Threei} - Note: Dark Pool orders are issued programatically by computers and grey/black box programmers, shown on an ECN for 30ms or less and as a result are inside the window for dissemination to the broad tape and ECN's. Program traders use this to hunt for depth or to feel out how to trade a stock without showing their hand to the public at large or even other professionals that watch the tape. Dark pools are off exchange platforms run by the likes of Goldman Sachs and Getco LLC.

[13:31] {strider} in RIMM .61

[13:35] {strider} out .49

[13:35] {Threei} didn't it lose .50 before breakming .60?

[13:36] {strider} if it did, I missed it.

[13:36] {Threei} 13:28

[13:37] {strider} yeah .I see it now. my bad.

[13:37] {larisa} by 1 cent

[13:37] {Threei} yes, not much but after that it spiked into resistance

[13:37] {Threei} to reestablish, stock needs to consolidate again

[13:42] {nemo} cat s beak of .45 ...shoot

[13:43] {larisa} is it english?

[13:43] {nemo} cat s (short) break of .45 sorry

[13:43] {larisa} ok :)

[13:44] {dptl} have a good evening all

[13:44] {Threei} take care dp

[13:47] {nemo} volume a little better today

[13:50] {Threei} some pick up finally

[13:53] {Threei} Long Setup: AIG .40 break

[13:54] {Threei} if stays above .30

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

[14:00] {Threei} - NYSE volume 735M shares, about 7% above its three-month average; decliners lead advancers by 5.2:1.

[14:00] {Threei} - NASDAQ volume 1.37B shares, about 6% below its three-month average; decliners lead advancers by 3.1:1.

[14:00] {Threei} - VIX index -0.33% to just under 21.50

[14:04] {ese} hey all....have to go and teach choir.....am still in fitb and swks....will hold till end of day...cya tomorrow

[14:04] {Threei} take care ese

[14:04] {Threei} teach them well

[14:04] {ese} see ya vad

[14:04] {Threei} or good

[14:04] {Threei} or not

[14:06] {strider} Vad, does a 3 hour consolidation like FITB carry a greater risk of collapse/rinse, whatever?

[14:06] {Threei} sometimes yes

[14:07] {Threei} if it happened with borader intial range I'd be tightening stop just in case

[14:07] {Threei} but range is very tight as it is

[14:07] {Threei} so I just let it do its thing

[14:08] {fernp} are you in FITB, Vad?

[14:08] {Threei} yeag

[14:08] {Threei} UAUA CEO Glenn Tilton: seeing signs of encouragement in revenue trends - conf call comments (8.88, +0.02, 0.23%) (related JBLU AMR ALK LUV DAL )

[14:08] {fernp} me too, from .52

[14:09] {fernp} stop is under .45, no?

[14:09] {Threei} yup

06[14:14] * Threei thinks of starting kicking things in the rear, then changes his mind and falls asleep

[14:14] {nemo} how'd he type?

06[14:14] * Threei possesses ability to type in his sleep - how do you think he runs this room for years?

[14:15] {Threei} AIG reestablished

[14:15] {nemo} thought that was the good twin?

[14:15] {Threei} used to be

[14:15] {Threei} then bad one strangled him

[14:15] {nemo} damn broke

[14:15] {Threei} over 1:1

[14:16] {nemo} too fast

[14:16] {Threei} anyone got it?

[14:16] {strider} Hey Vad, calling them after they've left the station doesn't count. :)

[14:16] {Threei} anyone got it?hmmm?

[14:16] {Threei} that wasn't after

[14:17] {nemo} technically correct

[14:17] {strider} Or when I'm in the bathroom....

[14:17] {Threei} that was right when it touched .40 and downticked two cents

[14:17] {strider} offering 1/2 FITB @ .55

[14:18] {Threei} fern... do we hate him?

[14:18] {Threei} with his entry, it's like 1:3 here for him, lol

[14:18] {fernp} lol

[14:18] {strider} If it's a good offer, you should take it:)

[14:18] {Threei} ok... one thing I can promise you

[14:19] {strider} it'll go to .80

[14:19] {Threei} if we manage to sell it at 10.90, you won't hear the end of it for weeks {G}

[14:19] {strider} i know...i know

[14:19] {strider} ka-ching

[14:21] {fernp} i am thinkin to hold some shares overnight

[14:21] {strider} you'd think that a stock in such great demand would bring a higher price.

[14:21] {Threei} you gambler you

[14:21] {fernp} glamber and pesky :)

[14:21] {Threei} let's decide near close, depending on how it acts'

[14:21] {Threei} pesky gambler... sheesh

[14:21] {fernp} yes

[14:21] {Threei} what a combination

[14:34] {strider} come on FITB. Make me look stoopid.

[14:35] {Threei} new high

[14:35] {Threei} salmon is as salmon does

[14:35] {strider} do you smoke it? new high.

06[14:35] * nemo slaps nemo around a bit with a large idiot stick

[14:36] {Threei} you don't smoke salmon, you have camel for that

[14:36] {strider} camels smoke salmon?

[14:36] {nemo} sure you smoke salmon

[14:37] {Threei} you do?

[14:37] {Threei} thigs I learn here...

[14:37] {nemo} Haven't you ever had smoked salmon?

[14:37] {strider} if the fraternities had a special day for them...would that be salmon rush-day?

[14:37] {nemo} oh jeez

[14:38] {Threei} I had it, I just never smoked it

[14:38] {nemo} let's see....me...magoo (where is he)...now strider

[14:38] {nemo} smoked salmon on bagels with cream cheese...never had it?

[14:38] {nemo} it's a tribe delicacy

[14:44] {Threei} (US) Fed's Warsh: question remains if banks can continue to raise capital as they have been able to recently (related XLF )

[14:45] {Threei} why do they need to raise capital endlessly?

[14:45] {nemo} black hole of defaults...Commercial Real Estate coming up

[14:46] {nemo} Q's almost positive

[14:46] {nemo} green

[14:47] {strider} CAT nice consolidation

[14:59] {Threei} IMF's Lipsky: Asia should emerge from crisis stronger than other world regions; healing has begun in world economy but considerable challenges remain (related EUR/USD USD/CNY FXI )

[14:59] {nemo} Everybody has the same press agent...sheesh

[15:01] {strider} moving FITB stop to .50

[15:10] {Threei} IAEA Elbaradei: Still hopes to reach agreement in Iran talks, making progress but slower than expected

[15:15] {strider} Vad , is there a setup that would give you a short play on FITB?

[15:15] {Threei} I guess...

[15:15] {Threei} hard to answer hypotetical

[15:15] {Threei} I'd need to see it forming, see interaction with market

[15:17] {strider} No strider's famous 'looks like it's going down' setup?

[15:17] {strider} not

[15:18] {strider} a break of .47 here would be break of support.

[15:18] {strider} .46

[15:19] {Threei} every time it dipped so far, it jumped back up with vengeance

[15:19] {Threei} too big risk to run into false breakdown

[15:19] {Threei} take a look at 1 min,

[15:19] {Threei} see those sharp green spikes?

[15:19] {strider} yeah

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 945M shares, about 7% above its three-month average; decliners lead advancers by 4.4:1.

[15:32] {Threei} - NASDAQ volume 1.76B shares, about 6% below its three-month average; decliners lead advancers by 2.9:1.

[15:32] {Threei} - VIX index -1.25% to just over 21.00

[15:37] {Threei} wow

[15:37] {Threei} AIG

[15:37] {nemo} yeah

[15:37] {nemo} what the hell was that

[15:37] {Threei} thougth about calling 40 break and decided against it

[15:39] {larisa} why?

[15:40] {Threei} 'cause I am stupid?

[15:40] {strider} Great. Now he tells us.

[15:41] {nemo} not sure that's good pr

[15:42] {Threei} no?

[15:42] {Threei} I always knew marketing wasn't my strong side

[15:42] {Threei} so, stupid AND bad marketer? jeez

[15:43] {Threei} and I intend to leave it in the trading log untouched. Let's see how many new subscribers it brings

[15:43] {Threei} FITB new high

[15:43] {nemo} Well, at least we did have to hear you ask, "Can I go home?"

[15:43] {strider} Curses. Foiled again.

[15:43] {Threei} oh, not too good loking either

[15:44] {Threei} gimme a few, I'll try to think of what I am good at

[15:44] {nemo} shishkebab

[15:44] {Threei} yesss

[15:44] {Threei} thank you

[15:44] {Threei} and I have wintnesses right in this room

[15:44] {Threei} 3

[15:44] {nemo} slaughtering your typing

[15:45] {nemo} excessive alcohol consumption

[15:45] {Threei} FITB over 1:1

[15:45] {nemo} photography

[15:46] {fernp} sold half

[15:46] {larisa} nemo is trying harder than vad :)

[15:46] {Threei} he just has better memory

[15:46] {Threei} I am trying hard

[15:46] {Threei} it just doesn't work

[15:47] {Threei} ese will be happy about FITB

[15:47] {larisa} market is officially as boring as vad and greenspan.

[15:47] {Threei} this is offensive

[15:47] {Threei} I am sure I am more boring

[15:48] {Threei} you larisa are just anrgy that my -50 call is right on money... so you are trying to pick on me

[15:49] {larisa} yes, very dissapointing

[15:49] {Threei} sorry

[15:49] {nemo} cat...tease this close to close

[15:51] {gnslng} out +.13 , ty finally

[15:52] {Threei} :)

[15:55] {Threei} (US) Fed's Yellen: Tightening will happen "when the time comes," Fed has plenty of tools for tightening but does not expect them to be used in the next several months

[15:55] {Threei} - It is to be expected that interest rate differentials will drive capital flows

[15:55] {Threei} - Fed feels completely comfortable that it will be able to exit from loose policy when the time comes.

[15:55] {Threei} - Does not believe that asset bubbles emerging in Asia will be a problem.

[15:56] {Threei} (US) Rep Van Hollen (D-MD): Believes public option is likely to pass in some form in House healthcare reform bill

[15:56] {Threei} - Major unresolved issues remain in House healthcare overhaul, including abortion, public option.

[15:56] {Threei} - Expects Congress to have a unified bill on President Obama's desk by year's end.

[15:58] {Threei} -52

[16:00] {Threei} -50

[16:00] {Threei} yesss

[16:00] {Threei} larisa... hw anout that

[16:00] {Threei} how about

[16:00] {larisa} see you later :)

[16:00] {Threei} :)

[16:00] {nemo} thanks for the warning

[16:00] {Threei} thank you all

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

[16:01] {Threei} see you tomorrow

[16:01] {fernp} holding 500 for tomorrow. let's see

[16:01] {fernp} Good evening everybody

[16:01] {Threei} me too fern

[16:01] {fernp} :)

Oct 19 2009

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

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

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

Fri Oct 16 2009

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

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

[07:59] {magoo} mornink comrades

[07:59] {strider} morning magoo

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

[08:02] {nemo} mags :)

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

[08:02] {magoo} ill tryt

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

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

[08:08] {strider} k

[08:11] {nemo} mags, dcc

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

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

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

[08:12] {strider} with what?

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

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

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

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

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

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

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

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

[08:14] {nemo} something funny

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

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

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

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

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

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

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

[08:28] {Threei} asked govt?

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

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

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

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

[08:30] {nemo} it mooned you

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

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

[08:30] {strider} really

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

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

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

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

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

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

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

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

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

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

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

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

[08:34] {magoo} 8i

[08:34] {Threei} lol

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

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

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

[08:35] {magoo} yup

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

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

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

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

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

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

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

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

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

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

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

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

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

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

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

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

[08:52] {Threei} yes

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

[08:57] {magoo} TRGT gapper

[08:57] {larisa} gm :)

[08:59] {Threei} larisa :)

[08:59] {nemo} lari :)

[08:59] {larisa} :)

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

[09:13] {ese} good morning

[09:13] {Threei} ese :)

[09:13] {nemo} dude

[09:13] {ese} dude

[09:13] {ese} vad

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

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

[09:15] {lasertrev} gm

[09:15] {Threei} trev :)

[09:15] {strider} morning trev

[09:19] {lasertrev} gm strider

[09:20] {bkhmd} gm all

[09:20] {Threei} bkhmd :)

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

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

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

[09:24] {dino} gm all

[09:24] {Threei} dino :)

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

[09:25] {ese} dino

[09:25] {dino} es

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

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

[09:27] {dino} ty

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

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

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

[09:32] {Threei} back for entry

[09:32] {fernp} .80?

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

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

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

[09:32] {strider} beak

[09:33] {strider} break

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

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

[09:33] {strider} :)

[09:33] {fernp} INTC Vad

[09:33] {Threei} invalidated

[09:34] {cosmo} sppi

[09:35] {cosmo} 4.75 hod

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

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

[09:37] {cosmo} imo

[09:37] {strider} teva

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

[09:38] {dino} vmi

[09:39] {Threei} IBM sharp pullback

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

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

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

[09:39] {Threei} around .70

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

[09:41] {dino} vmi getting interesting

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

[09:43] {Threei} prepare half lot

[09:44] {Threei} .50 recross

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

[09:45] {Threei} invalidated

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

[09:46] {magoo} in'

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

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

[09:47] {Threei} 1:1

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

[09:49] {Threei} out .39

[09:50] {fernp} good one

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

[09:51] {magoo} waiting .47

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

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

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

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

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

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

[09:52] {Threei} no brainer

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

[09:54] {fernp} INTC short?

[09:56] {Threei} not sure

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

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

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

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

[09:58] {Threei} lol

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

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

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

[09:59] {Threei} AIG

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

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

[10:01] {fernp} FAS dropping hard

[10:02] {ese} indeed

[10:02] {bkhmd} ty

[10:02] {ese} almost 6pts

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

[10:03] {strider} +.09

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

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

[10:06] {Threei} again?

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

[10:06] {fernp} WFC db?

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

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

[10:08] {magoo} nah

[10:08] {nemo} nah what?

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

[10:09] {nemo} aig?

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

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

[10:09] {strider} hgsi salmon

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

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

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

[10:10] {magoo} i use montec

[10:11] {Threei} invalidated

[10:11] {magoo} bowtech

[10:11] {nemo} fast

[10:11] {magoo} 330

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

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

[10:12] {nemo} fcx near support

[10:12] {nemo} rude aig

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

[10:13] {Threei} seriously?

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

[10:13] {Threei} lol

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

[10:14] {magoo} sick

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

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

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

[10:14] {magoo} HIG?

[10:14] {strider} hig?

[10:15] {Threei} sigh

[10:15] {Threei} what else

[10:15] {nemo} yes-threeish

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

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

[10:15] {Threei} invalidated anyway

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

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

[10:18] {nemo} intc?

[10:18] {Threei} INTC'

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

[10:20] {dino} \shaw

[10:20] {magoo} took .98

[10:20] {magoo} aapl

[10:22] {magoo} GS bouncer

[10:22] {magoo} first strength

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

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

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

[10:24] {nemo} yeah

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

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

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

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

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

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

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

[10:30] {fernp} in

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

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

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

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

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

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

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

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

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

[10:32] {Threei} sigh

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

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

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

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

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

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

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

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

[10:39] {dino} shaw big rinse

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

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

[10:44] {Threei} fess up mags

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

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

[10:45] {magoo} um no

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

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

[10:46] {magoo} dunno

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

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

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

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

[10:47] {Threei} lol

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

[10:48] {strider} GRMN recovery?

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

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

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

[10:49] {fernp} lol

[10:49] {Threei} lol

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

[10:49] {Threei} CRIVC is active

[10:49] {Threei} momo

[10:49] {Threei} CRIC

[10:50] {nemo} frickin' intc

[10:51] {strider} DRIV?

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

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

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

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

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

[10:54] {dino} syna holds well

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

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

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

[10:55] {dino} say 24.80s

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

[10:57] {strider} QQQQ tripple bottom

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

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

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

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

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

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

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

[11:00] {fernp} hit .25

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

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

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

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

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

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

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

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

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

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

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

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

[11:13] {ese} not this time

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

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

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

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

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

[11:17] {Threei} uranium

[11:18] {dino} ros

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

[11:20] {dino} .44

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

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

[11:22] {Threei} none

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

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

[11:23] {magoo} out CRIC 14

[11:23] {magoo} + .50

[11:23] {Threei} I knew it

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

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

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

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

[11:24] {Threei} lol

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

[11:25] {dino} out rimm

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

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

[11:26] {ese} rimm stopped

[11:26] {bkhmd} ty Vad

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

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

[11:26] {ese} not my day

[11:27] {dino} autcw

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

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

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

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

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

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

[11:30] {fernp} in BAC

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

[11:31] {magoo} in bac

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

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

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

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

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

[11:35] {magoo} ibm no work

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

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

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

[11:44] {strider} bcon gettin fried

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

[11:45] {strider} pork city

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

[11:46] {fernp} ty

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

[11:51] {strider} aig caput

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

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

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

[11:52] {Threei} CRIC

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

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

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

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

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

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

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

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

[11:53] {nemo} lost .80

[11:54] {larisa} lol

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

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

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

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

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

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

[12:16] {magoo} goog high

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

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

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

[12:16] {bkhmd} making me hungry

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

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

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

[12:18] {magoo} 400 shares

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

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

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

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

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

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

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

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

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

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

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

[12:44] {dino} dsw

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

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

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

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

[12:49] {larisa} i guess so

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

[13:00] {Threei} halted

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

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

[13:13] {strider} thx

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

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

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

[13:14] {fernp} stop Vad?

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

[13:14] {Threei} nice spot nemo

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

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

[13:21] {fernp} ty Vad

[13:21] {Threei} :)

[13:23] {bkhmd} thanks Vad

[13:23] {Threei} sure thing

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

[13:28] {fernp} gj ese

[13:28] {ese} tks

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

[13:29] {ese} gotta go

[13:29] {fernp} bye ese

[13:29] {bkhmd} good weekend Ese

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

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

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

[13:29] {Threei} wtg ese

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

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

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

[13:30] {Threei} no mags

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

[13:31] {Threei} up from here

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

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

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

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

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

[13:36] {magoo} c u strider

[13:36] {Threei} take care strider

[13:37] {lasertrev} later strider

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

[13:44] {Threei} :)

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

[13:50] {magoo} no

[13:50] {magoo} nice read tho

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

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

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

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

[13:58] {dino} giddy up shaw

[13:59] {dino} .00 wall

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

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

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

[14:20] {Threei} sure

[14:20] {Threei} first is B

[14:20] {Threei} then A

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

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

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

[14:21] {bkhmd} tc

[14:21] {bkhmd} ty*

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

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

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

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

[14:23] {dino} to .25

[14:23] {nemo} let me try

[14:23] {nemo} A

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

[14:23] {nemo} I

[14:23] {nemo} G

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

[14:23] {Threei} wtg dino

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

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

[14:27] {patience} .

[14:30] {dino} ..

[14:30] {dino} ;)

[14:31] {patience} :)

[14:32] {Threei} \|/

[14:33] {dino} ;-)

[14:33] {dino} esi good drop

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

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

[14:34] {Threei} that works too

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

[14:34] {nemo} wow

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[14:39] {Threei} lol

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

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

[14:41] {dino} use stain

[14:41] {nemo} true

[14:41] {dino} vinyl preferred

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

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

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

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

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

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

[14:43] {nemo} hardly

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

06[14:43] * nemo channels magoo

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

[14:44] {Threei} sideways

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

[14:47] {dino} frustration incorporated

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

[14:48] {dino} good tune

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

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

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

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

[14:49] {Threei} bar is lower

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

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

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

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

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

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

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

[14:50] {dino} ;=l

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

[14:51] {nemo} Bye Lari

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

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

[14:51] {Threei} s practicing

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

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

[14:52] {dino} you dog

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

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

[14:53] {nemo} avoid a trouting

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

[14:53] {nemo} aig short?

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

[14:53] {nemo} you can now

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

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

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

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

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

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

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

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

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

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

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

[14:56] {Threei} yes,

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

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

[14:56] {nemo} moth

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

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

[14:58] {nemo} I give up

[14:59] {dino} pretty big moth

[14:59] {nemo} oy

[14:59] {Threei} lol

[14:59] {Raven} +

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

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

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

[15:00] {nemo} hehehehe

[15:00] {dino} ty

[15:00] {Threei} which one?

[15:00] {nemo} the only one

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

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

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

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

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

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

[15:02] {nemo} oy

[15:02] {Threei} no

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

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

[15:03] {larisa} right :)

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

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

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

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

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

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

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

[15:05] {nemo} frickin hig

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

[15:06] {nemo} oy

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

[15:06] {Raven} lol

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

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

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

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

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

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

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

[15:10] {larisa} on what?

[15:10] {magoo} 41?

[15:10] {Threei} 43

[15:10] {Threei} AIG

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

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

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

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

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

[15:17] {dino} cya fern

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

[15:17] {bkhmd} later Fern

[15:17] {magoo} fern:)

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

[15:20] {Threei} 1:1

[15:24] {Threei} wtching HIG again

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

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

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

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

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

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

[15:35] {dino} rovi

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

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

[15:38] {dino} -20

[15:38] {Threei} -20

[15:38] {larisa} nah

[15:38] {nemo} psitive

[15:47] {magoo} -99

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

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

[15:49] {Threei} lol

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

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

[15:50] {larisa} sigh

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

[15:51] {bkhmd} Hig Bounce?

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

[15:52] {bkhmd} ahhhhhhhhhhhhhhh

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

[15:52] {bkhmd} lol

[15:58] {bkhmd} good wekend all

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

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

[15:59] {nemo} alarm clock

[15:59] {bkhmd} lol

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

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

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

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

[16:00] {nemo} frickin optimists

[16:00] {Threei} lol

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

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

[16:00] {larisa} bye :)

[16:00] {magoo} u 2 vad

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

[16:00] {nemo} cya

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