Nov 11 2009

A lot of setups got invalidated before ever triggering, and some were uncertain which made some calls discretionary, but wins solidly outnumbered stops, with couple bigger trades on RIMM and BCRX.

Session Time: Wed Nov 11 00:00:00 2009

[07:38] {KSystems} good morning

[07:39] {Threei} Good morning ks

[07:51] {Threei} GERN

[07:51] {Threei} 7:30:27 AM

[07:51] {Threei} Geron Corp Collaborators publish data on hESC-Derived glial progenitor cell therapy in spinal cord injuries

[07:51] {Threei} - Publication of data showing that oligodendrocyte progenitor cells (OPCs) derived from human embryonic stem cells (hESCs), when transplanted into a rodent model of cervical spinal cord injury, reduced tissue damage within the lesion and improved recovery of locomotor function.

[07:51] {Threei} - These data provide preclinical proof-of-concept for the use of GRNOPC1, Gerons hESC-derived oligodendrocyte progenitor product, in patients with cervical spinal cord injuries. Over half of the 11,000 human spinal cord injuries that are sustained in the U.S. annually are in the cervical region.

[08:00] {Les} GM. AONE short candidate.http://up.widget.mibbit.com/up/dftzlYws.png.

[08:01] {Les} losing out on major battery deals - http://tinyurl.com/ybs9bj5. earnings after close.

[08:02] {Threei} earnings were yesterday on AONE

[08:04] {Les} apologies. error seen.

[08:04] {Threei} A123Systems Reports Q3 -$1.78(incl items) v -$0.33e, R $23.6M v $19Me

[08:04] {Threei} - Net loss was ($22.8)M, or ($1.78) per share, based on 12.8M weighted average common shares outstanding in the third quarter. The company ended the third quarter with approximately 102M shares outstanding, with the increase from prior periods resulting from conversion of preferred stock at the time of the IPO, combined with new shares issued as part of the IPO proces

[08:04] {Threei} - CEO: "We are putting in place the infrastructure and expertise that we believe will enable A123 Systems to scale to much larger levels."

[08:06] {nemo} looks like another big up day

[08:06] {Les} thanks. upload url isn't working. stock is stuck between 50 and 20 MA on 60 min chart

[08:18] {Threei} BLTXX Baltic Dry Bulk Index rises more than 3.5% (10th straight gain)

[08:19] {Les} big up day and would love to catch an open high break setup at opening one of these days with a 3X etf.

[08:28] {Les} BCRX moved nicely yesterday

[08:29] {BillyD} morning all :)

[08:29] {Threei} Billy :)

[08:30] {nemo} looks like aig line up at the strting blocks

[08:35] {nemo} hi patience

[08:35] {Threei} (US) Senator Dodd (D-CT): Does not believe the Fed should shoulder all the burden for monitoring systemic risk - CNBC

[08:35] {Threei} - Notes his proposal would move the Fed back toward its core functions

[08:35] {patience} good morning guys

[08:35] {Threei} patience :)

[08:36] {nemo} he of the sweetheart Countrywide deal

[08:38] {Threei} who took starting blocks from under AIG's wheels?

[08:38] {nemo} sucks being them

[08:45] {Threei} C Buckingham reaffirms Accumulate rating, price target $6 (4.18, 0.00, 0.00%)

[08:46] {nemo} on what...aig?

[08:48] {Threei} ?

[08:48] {nemo} C Buckingham reaffirms Accumulate rating, price target $6 (4.18, 0.00, 0.00%)

[08:48] {Threei} which part of "C" is not understood?? :)

[08:49] {nemo} Oh, I thought that was the name of the analyst "C Buckingham"

[08:49] {nemo} sorry

[08:49] {Threei} lol

[08:49] {Threei} to confuse you even further:

[08:49] {Threei} AXP Buckingham reaffirms Accumulate rating, price target $46

[08:50] {nemo} family operation, huh?

[08:50] {Threei} rofl

[08:51] {larisa} gm

[08:51] {Threei} larisa :)

[08:51] {nemo} lari :)

[08:51] {larisa} vad, nemo :)

[08:56] {fernp} Good morning everybody

[08:56] {nemo} morn fern

[08:56] {Threei} fern :)

[08:57] {bkhmd} morning all

[08:57] {bkhmd} wb Vad

[08:57] {Threei} bk :)

[08:57] {strider} morning all.

[08:57] {Threei} strider :)

[08:57] {bkhmd} strider

[08:57] {strider} :)

[08:58] {nemo} dunedin

[08:58] {KSystems} *yawn*

[08:58] {nemo} decken Sein Mund!

[08:58] {strider} nemo:)

[08:59] {KSystems} lol

[08:59] {magoo} morning, im so excited..today the cable guy comes

[08:59] {Threei} oh boy

[08:59] {nemo} Jim Carrie meets Magoo..yeah, my sentiments Vad

[08:59] {magoo} from download speed of .78 to 15

[08:59] {Threei} hi mags... (he says carefully backing away, away and toward to door)

[09:00] {ese} GM

[09:00] {Threei} ese :)

[09:00] {ese} hey vad

[09:01] {ese} whats on your radar this morning vad

[09:02] {Threei} GERN...

[09:02] {Threei} BCRX...

[09:03] {magoo} walmart/rimm news

[09:03] {Threei} 1 week offer by WMT... shrug

[09:04] {Threei} Wal-Mart Stores Inc Offers discount on smart phones for the holidays

[09:04] {Threei} - One-week offer starting Nov. 14-20 on its full assortment of BlackBerry devices from all four major carriers: AT&T, Sprint, T-Mobile and Verizon Wireless.

[09:04] {Threei} - With the purchase of any BlackBerry at Walmart Wireless and two-year contract from these major carriers, shoppers will receive a $100 Walmart Gift Card at purchase to use on a later transaction on anything in the store, adding more spending "money" to consumer wallets on anything Walmart carries.

[09:04] {magoo} sheesh..remember yester when i asked bout news foe AMZN..said it was underperforming..it was 126

[09:05] {Threei} yeah, proceeded to make new annual highs

[09:06] {Threei} GERN some entusiasm

[09:06] {BillyD} CHLN as well

[09:07] {Threei} 7:31:18 AM

[09:07] {Threei} China Housing & land Develop Reports Q3 $0.24 v $0.04 y/y, Rev $24M v $8M y/y

[09:07] {BillyD} gonna keep eye on BEXP for continuation

[09:08] {nemo} might want to watch MON too...had big up day yesterday

[09:09] {Threei} CHLN is worth keeping eye on for possible momo

[09:10] {BillyD} Vad, you leaning more towards 1:1 scalps these days

[09:10] {Threei} varies...

[09:11] {Threei} depends on how strongly I feel about trend setting up for the day

[09:11] {cosmo} RFMD pre mkt high = 4.45 fwiw

[09:12] {cosmo} Announces Major Gallium Nitride (GaN) Milestones

[09:12] {nemo} aig looking very week

[09:12] {nemo} weak

[09:13] {Threei} before activity starts, have a look at what I could save:

[09:13] {Threei} http://www.realitytrader.com/photography/

[09:15] {cosmo} salmon

[09:15] {lasertrev} morning

[09:15] {Threei} trev :)

[09:15] {nemo} I'd say that's accurate

[09:16] {bkhmd} nice pics Vad

[09:16] {Threei} ty... those I couldn't recover would complete this series nicely

[09:16] {ese} tol........up 1.6 on 500k....this looks good for pullback then go

[09:17] {strider} Morning , trev. Do you know anything about the L1 & L2 server buffering. Located in Quote menu? Wondering if it could affect the sticking data?

[09:17] {bkhmd} how did we do yesterday i couldnt make it

[09:17] {Les} the last fish photo. what length was you lens at?

[09:18] {Threei} if my math is right, 4 out of 5, but all were scalps only

[09:18] {bkhmd} cool

[09:18] {Threei} last as in leaves against the sky? lemme check EXIF

[09:19] {Threei} 42 mm

[09:19] {Les} last fish photo was at 42mm?. They get that close?

[09:19] {Threei} oph, last fish

[09:19] {Threei} let me see :)

[09:20] {BillyD} nice Octopus photos

[09:20] {Threei} ty

[09:20] {Threei} that one is 30 mm

[09:20] {Threei} and yes, you can touch them if you want

[09:20] {BillyD} great contract

[09:20] {BillyD} conrast

[09:21] {cosmo} contact?

[09:21] {BillyD} contrast of photos

[09:22] {cosmo} photoshop does wonders

[09:23] {BillyD} you mean it's not Vad's expertise?

[09:23] {cosmo} not me

[09:25] {cosmo} photoshop has made me a better photographer

[09:26] {Threei} hard to tell if there is a chance for that but, if CHLN dives to 4.50 area at the open I'll be interested

[09:30] {Threei} BIOS continues, and no news still

[09:30] {dino} gm all, was a day early on tol

[09:30] {Threei} dino :)

[09:31] {Threei} BCRX

[09:31] {Threei} consolidates for a break

[09:32] {dino} esi thin drop

[09:32] {dino} missed it

[09:34] {Threei} RIMM

[09:34] {Threei} sharp pullback

[09:34] {Les} bounce candidate?

[09:34] {Threei} yes, no clear entry yet, prepare half lot

[09:35] {dino} colm

[09:35] {nemo} meany

[09:35] {ese} out stec .59 +.14 from yesterday

[09:36] {Threei} Long Setup: RIMM .35 break if stays above .20

[09:36] {Threei} half lot

[09:37] {Threei} invalidated

[09:37] {dino} lol es, that stec is a toughie

[09:37] {ese} ya no I've had my fill of that one

[09:37] {ese} does not trade very well....quite erratic

[09:38] {Threei} Long Setup: RIMM .25 break if stays above .10

[09:38] {Threei} half lot

[09:39] {dino} colm tempting

[09:39] {Threei} invalidated

[09:39] {ese} just looking at that

[09:39] {dino} all i see is upgrade to get it 9%

[09:39] {dino} hl s .83

[09:40] {nemo} nice spread

[09:40] {dino} typical

[09:40] {dino} missed cover

[09:41] {magoo} rimm launched took .25 that time

[09:41] {Threei} got away, RIMM

[09:41] {Threei} yeah

[09:41] {Threei} stop was way too wide

[09:41] {Threei} and new trigger .10 break happend too fast

[09:42] {dino} anyone in, try to partial out, tough

[09:43] {ese} L wfc .56

[09:44] {dino} cov colm ave .41, +.42

[09:44] {Les} BCRX about to advance again?

[09:44] {magoo} waiting for exit rimm .87 area

[09:44] {Threei} toughie BCRX

[09:44] {ese} out wfc .61 +.05.......cool made the high

[09:45] {dino} too soon

[09:45] {Threei} mags, market drop

[09:45] {Threei} carefu;

[09:45] {magoo} oh oh

[09:48] {BillyD} HGSI

[09:48] {Threei} Long Setup: HGSI .20 break

[09:48] {Threei} fast one, careful

[09:48] {Threei} stop for scalpers under .10

[09:48] {nemo} hah..

[09:49] {Threei} lol, 1:1 in a blink of eye

[09:49] {bkhmd} missed it

[09:49] {nemo} yeah

[09:49] {BillyD} out

[09:49] {Threei} wtg

[09:49] {ese} dino i think colm is great pullback candidate for afternoon rally

[09:49] {Les} had finger on trigger, but don't like playing these ultra fast scalps

[09:49] {BillyD} yeah, it came back and picked me up at .21

[09:49] {dino} agree es

[09:50] {dino} i covered way early

[09:50] {fernp} out here ty Vad

[09:50] {Threei} fern :)

[09:50] {tomg} ty vad

[09:50] {Threei} tom :)

[09:50] {magoo} out RIMM here .83 TY boss

[09:50] {Threei} good reflexes guys

[09:51] {ese} auch aye....fitb.......could not find a spot to get in.....sheesh

[09:52] {Threei} mags... some just can't be stopped, even by slow connection and by, umm absence of cable guy

[09:52] {Threei} HGSI 1:2...

[09:53] {Les} Vad, is shorting AONE for a daytrade at half lot ok? failed to push through resistance

[09:54] {BillyD} WTG Magoo

[09:54] {Threei} you see soem setup?

[09:54] {strider} REGN

[09:54] {magoo} classic cable guy though..morning apptmt ..between 9 am and 1 pm lol

[09:55] {dino} esc watching, yesterdays blood

[09:55] {Les} only that 50 ma @ 18.06 on 60 min. chart is resistance which AONE failed to push through

[09:55] {Threei} oh mags, those highly desired cable guys make one wait...

[09:55] {Threei} what the heck just happened

[09:55] {nemo} did the market die

[09:56] {magoo} upward

[09:56] {Threei} just the opposite

[09:56] {dino} magoo, just hoping jim carey doesn't show up

[09:56] {nemo} my software froze

[09:56] {dino} esc hl l .50 ave

[09:57] {dino} stop is .23

[09:57] {lasertrev} nemo, make sure you are not on 7

[09:58] {dino} call scottie nemo, tell him warp power in 5 or you're fired

[09:58] {nemo} scottie is dead

[09:58] {nemo} they blasted his ashes into space

[09:59] {Les} nflx making new highs

[09:59] {dino} opps

[09:59] {fernp} SPY vertical

[10:00] {cosmo} careful: ...some of those guys are quite heavly cologned

[10:00] {dino} theres my 10,300 call

[10:00] {ese} my goodness....what 20k of fitb wouldn't do to brighten up a day

[10:00] {dino} s/y new high

[10:00] {dino} ndx too

[10:00] {Threei} market is nervous here

[10:01] {magoo} wants up tho

[10:01] {Threei} sharp spikes bith ways

[10:01] {Threei} both

[10:01] {nemo} metro market

[10:03] {Threei} Long Setup: HGSI .40 break if holding above .30

[10:04] {dino} 643 pts up from mondays low, 10-02-09

[10:04] {dino} 6.6%

[10:05] {dino} pattern has been to drop 400 + pts now

[10:06] {dino} out esc ave .94, +.44

[10:06] {nemo} earnings season over now

[10:06] {ese} in hgsi

[10:07] {nemo} colm short ino?

[10:07] {ese} .39

[10:07] {Les} me 2 .40

[10:07] {Threei} Long Setup: BCRS .20 break

[10:07] {Threei} BCRX

[10:08] {magoo} vad..aapl double bott?

[10:08] {Threei} for scalpers, if stays above .15

[10:08] {Threei} for daytraders .10

[10:08] {dino} imo, depends on market nemo, colm

[10:08] {Threei} 204 break worth a try mags

[10:11] {Threei} HGSI no worky

[10:11] {ese} hgsi stopped .30 -.09

[10:11] {Threei} AALP 1:1

[10:12] {Les} out hgsi .27 - .13

[10:12] {magoo} out .47 TY vad

[10:14] {strider} out HGSI -.15

[10:15] {BillyD} BCRX still valid right for .10 stop

[10:15] {Threei} yup

[10:15] {dptl} morning

[10:15] {nemo} big orer .20

[10:15] {Threei} dp :)

[10:15] {nemo} order

[10:17] {Threei} eBay Inc Launches Free Vehicle History Reports Exclusively through Experians AutoCheck

[10:17] {Threei} - The free AutoCheck reports also give both automotive dealers and individual sellers a competitive advantage not found anywhere else on the Web, adding to other eBay benefits including Power Seller and Top-seller designations, customer support and dealer training

[10:18] {dino} lmia spike

[10:18] {dino} thin

[10:19] {Threei} Long Setup: RIMM .15 break

[10:19] {Threei} if stays above 65

[10:20] {Threei} let's modify it

[10:20] {Threei} 65 break

[10:20] {Threei} if holding .90

[10:21] {magoo} lets tweak it...IN

[10:21] {nemo} lol...

[10:21] {ese} l egle .12

[10:22] {ese} huge

[10:23] {Threei} (UK) PM Brown: Makes no apology for proposed Tobin tax

[10:23] {nemo} bcrx invalimudated

[10:23] {Threei} idiot

[10:23] {Les} he's a caviar socialist - still pretending to be a working class man

[10:23] {ese} love it nemo....invalium....etc cool word

[10:24] {Threei} I start thinking RIMM is not a scalp if sets up

[10:24] {dino} caviar socialist...have to remener that one

[10:25] {dino} remember

[10:25] {Les} we have lots of them here in switzerland

[10:25] {nemo} good politics is rarely a good solution

[10:25] {Threei} and it can't be any different

[10:25] {Les} what do you mean about RIMM Vad?

[10:26] {dino} lawyer friend of mine says; "when lawyer can't make it in law, they go into politics"

[10:26] {nemo} thinks it'll be better than a scalp if triggers

[10:26] {Threei} since good politics cater to majority, and we know how sound majority opinions are

[10:26] {Threei} I mean if it triggers it should be capable of more than scalp

[10:26] {nemo} IQ about my belt size

[10:26] {nemo} {nemo} thinks it'll be better than a scalp if triggers

[10:27] {nemo} invalumidated

[10:27] {Threei} invalidated

[10:27] {nemo} eqzaktly

[10:28] {fernp} What stocks are following SPY? Can't find a stock so happy as SPY

[10:28] {dino} gold trade getting crowded, imo

[10:28] {patience} yup

[10:28] {Les} ok. was just typing " I see weakness in RIMM when it fell away". RIMM appears to be a weak cousin of SPY

[10:29] {nemo} Dino sees dead people

[10:30] {ese} we should be able to use that word nemo....." take an invliumdate will ya"......that works

[10:30] {ese} invaliumdate

[10:30] {nemo} white yellow pink or blue?

[10:30] {dino} gdx hl s .75

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

[10:31] {Threei} - NYSE volume 230M shares, about 19% below its three-month average; advancers lead decliners by 6.1:1.

[10:31] {Threei} - NASDAQ volume 435M shares, about 22% below its three-month average; advancers lead decliners by 3.7:1.

[10:31] {Threei} - VIX index +1% to just over 23.00

[10:31] {ese} yellow and blue....for max effect

[10:31] {nemo} Veteran's day low volume rally

[10:31] {Threei} RIMM was two sided setup... too bad I didn't realize it at the moment

[10:31] {nemo} that's alot of invalumidate...probably wouldn't be able to trade

[10:31] {BillyD} same here vad, saw it but no true conviction

[10:31] {nemo} rimm might bounce here

[10:32] {dino} ok, cable guy, so off awhile

[10:32] {Threei} .60 break if holding .50

[10:32] {dino} gdx hard stop is .01

[10:34] {ese} oh where oh where has my little "colm" gone.....oh where oh where can it be....hum along everyone......

[10:34] {dino} hmin

[10:35] {ese} spreads getting bigger on it

[10:35] {ese} colm that is

[10:36] {nemo} fcx .30 break, holds .20

[10:37] {ese} L fcx

[10:37] {ese} ..2965

[10:37] {Threei} Long Setup: BCRX .05 break

[10:37] {ese} sheesh

[10:37] {Threei} if stays above 12

[10:37] {Threei} ridiculously tight stop

[10:38] {nemo} tighter than a ...

[10:39] {ese} out fcx .25 -.04

[10:39] {nemo} mudda'

[10:39] {nemo} grrrr

[10:39] {ese} ya

[10:39] {dino} cov gdx .50, +.25

[10:39] {nemo} sorry ese

[10:40] {ese} no appologies here fella

[10:40] {Threei} wtg dino

[10:40] {ese} it looked like the sp was gonna take it on up for abit there

[10:40] {Threei} BIOS just continues climbing

[10:40] {dino} ty, taking a break

[10:40] {dino} good a.m.

[10:40] {Threei} have fun

[10:40] {fernp} bye dino

[10:40] {ese} like it is now.......looked like very trade to me

[10:41] {BillyD} CHLN

[10:41] {ese} cya dino

[10:41] {BillyD} Vad, any read on CHLN

[10:41] {Threei} not really

[10:42] {Threei} got so thick

[10:42] {ese} and besides.....vad has my back as they say in combat

[10:42] {ese} the stop loss.....

[10:42] {nemo} vad behind you...oy

[10:42] {BillyD} ese, justdon't get between Vad and his rifle

[10:42] {Threei} nemo, I am not a cable guy

[10:43] {ese} i'll say billy....especially when he is protecting vodka

[10:43] {BillyD} lol....you know him

[10:43] {Threei} that's nothing... you should see dp when he feels his vodka is in jeopardy

[10:44] {ese} he also tends to be standing there with shiskabob skewers as well.....big time dangerous

[10:45] {dptl} :)

[10:45] {Threei} yeah, our skewers are like little swords

[10:45] {Threei} unlike these weird ones you make here... round and toally useless

[10:46] {Threei} what's with these market sudden moves today

[10:46] {Threei} no news, no numbers, nothing

[10:46] {Threei} just totally ut of blue

[10:47] {Les} computers shorting computers?

[10:47] {dino} pretty much the usual randomness

[10:47] {BillyD} agree dino

[10:47] {Threei} I wish I knew what that means les

[10:47] {dino} ty

[10:47] {magoo} these markets BLOW

[10:47] {BillyD} lol

[10:47] {magoo} i thought nov dec were usually good months

[10:47] {Threei} how do you tell then which computer is right

[10:47] {fernp} BCRX is locked in a 5 cents range and doesn't break upward or downward... too stressful... This market is amazing :-)

[10:47] {dino} :)

[10:47] {dino} faz maybe

[10:47] {ese} market in submarine mode.......dive dive dive

[10:48] {Threei} fern... if a stock staying within 5 cents range is too stressful for you, you might want to get out more...

[10:48] {bkhmd} lol

[10:48] {fernp} lol

[10:48] {nemo} drink more

[10:48] {dino} eat more

[10:48] {ese} egle doesn't want to quit.......i'm likin it

[10:48] {fernp} i like your advice nemo

[10:48] {Threei} and whatever you do, make sure you never meet magoo face to face

[10:48] {Threei} THAT will be a real stress

[10:49] {dino} yeah, he's not pleasant to look at

[10:49] {Threei} many stocks retreated ewnough to become interesting again

[10:50] {Threei} HGSI

[10:50] {Threei} RIMM

[10:50] {dino} cf blood again

[10:50] {Threei} market is not getting stringer yet though

[10:50] {nemo} didn't get tomorrow's WSJ vad?

[10:51] {Threei} but RIMM is not droipping with market anymore it seems

[10:52] {nemo} $ up strong

[10:52] {Threei} which kills the market

[10:52] {nemo} eqzaktly

[10:52] {Threei} RIMM, let;'s try to get in on slight pullback

[10:52] {dino} 10340 - 400 = 9940

[10:52] {Threei} around .40, half lot

[10:52] {ese} dive dive dive.....some trader triped on S&P trading floor with hands wildly flailing.........everyone esle presumes huge sell order

[10:53] {dino} \nice short colm es, nemo

[10:53] {nemo} sock ese

[10:53] {ese} you out colm now dino

[10:54] {ese} i'm just waitin on that thing.....i smell money there

[10:54] {strider} earlier trades: GDX short +.15, +.49; RIMM, stopped, -.11

[10:54] {Threei} ok

[10:54] {Threei} .40 cross RIMM

[10:54] {ese} sock ese huhhhh?

[10:54] {Threei} stop under .30

[10:54] {nemo} too late

[10:54] {dino} long time ago, took .43 out of it

[10:55] {ese} nice

[10:55] {nemo} take rimm scalp

[10:55] {dino} ty, 3/3, +.43, +.44,

[10:55] {dino} +.25

[10:55] {ese} am kinda lookin for some kind of capit bar

[10:55] {nemo} on colm ese?

[10:56] {ese} yes

[10:56] {nemo} long way to fall

[10:56] {strider} GDX short onbreak of 50?

[10:56] {ese} that may be it at 10:11 am....not sure

[10:56] {strider} maybe too close to yesterdays close

[10:56] {dino} brb

[10:56] {nemo} it's looking stronger strider

[10:57] {Threei} a bit too jumpy strider

[10:57] {Threei} sharp spikes 20 cents wide...

[10:58] {Threei} BCRX invalidated

[10:59] {Les} inverse c&h SPY?

[10:59] {BillyD} Vad, what was your RIMM stop on original pullback buy into .40 area

[10:59] {Threei} [10:54] {Threei} stop under .30

[11:00] {BillyD} on the one before that cross call as well?

[11:00] {Threei} that was the general idea

[11:00] {BillyD} ok

[11:00] {Threei} exact call came later as a .40 crossback

[11:03] {ese} ignore this, it's for my brother in toronto who reads vads trading room everyday...."JOIN THE ROOM YA GOOF!!!!!!!, WHATS YOUR PROBLEM???????"......that should surprise him today

[11:04] {magoo} well..its hard to justify the monthly cost

[11:04] {ese} there....thats should do it

[11:04] {Threei} communicating through the room with one's brother is ultimate definition of "not a keepr to my brother"

[11:05] {ese} lol

[11:05] {nemo} or of a "pain in the derriere"

[11:05] {Threei} lol magoo

[11:06] {Threei} you are going to spedn twice that wining and dining cable guy today

[11:06] {magoo} thought that was good for a trout

[11:06] {Threei} I knew you were going for that, but I am not obliging

[11:08] {magoo} u hand out fish often and freely..then we get used to them, and u withhold

[11:08] {Threei} that's how I enjot life

[11:08] {Threei} enjoy

[11:09] {ese} well thought out strategy vad........maximun effect....well thought out......you've got mags thinkin now

[11:09] {Les} potentional RIMM short coming below 64?

[11:10] {Threei} too sharo drop into support

[11:10] {Threei} sharp

[11:10] {Les} hate seeing setups that fail like that

[11:10] {dptl} .

[11:11] {Threei} .20 break could be a setup

[11:11] {Threei} 64 break is a trap

[11:12] {Les} really? Machiavelli would love this game

[11:13] {Threei} stock drops into support 20 vents in one gasp

[11:13] {Threei} do you short at the end of such spike?

[11:14] {Les} of course not. but if there was no big drop? would this gap still be a trap?

[11:14] {Threei} hmm?

[11:14] {Threei} I need translation

[11:15] {Les} sigh

[11:15] {Threei} if there was no big drop but instead a tight consolidation above support, then yes, break qwould be a short setup

[11:15] {Les} never mind

[11:15] {Les} ok

[11:15] {Threei} what you mean by gap in this case I don't know

[11:15] {nemo} rim becoming safer short

[11:17] {Les} sorry, gap between consolidation at 64 and yesterdays closing price

[11:17] {nemo} mon strong like bull

[11:18] {Threei} yest close is 63.69

[11:19] {dino} cf spiked

[11:20] {dptl} .

[11:21] {ese} ok dabbling in colm L .79 sm

[11:21] {ese} sm for me

[11:23] {Threei} anyone's tempted to find short entry on GLD?

[11:23] {dino} closer to hi, imo

[11:24] {Threei} I'd start looking around .50

[11:25] {strider} SYPR

[11:25] {Threei} 11:19:11 AM

[11:25] {Threei} Sypris Solutions, Inc. Subsidiary awarded multi-year, $200M ID/IQ contract from the US DoD

[11:25] {Threei} - awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Department of Defense (DoD) for its RASKL (KIK-30) electronic key fill device. This contract is in support of the DoDs modernization effort to replace the aging KYK-13 key fill device. The product was designed and will be produced at the Sypris Electronics facility located in Tampa, Florida.

[11:25] {Threei} - contract is for a five-year period with a not-to-exceed value of $200M. The IDIQ contract is the U.S. Governments vehicle for its Services and Agencies to order the RASKL and product ancillaries

[11:28] {Threei} RIMM looks ready for a boucne with any market help

[11:28] {BillyD} .15?

[11:28] {Threei} yes

[11:28] {Threei} but keep an eye on NASDAQ

[11:28] {Threei} it's a make or break condition for this trade

[11:29] {Threei} with any market bounce, RIMM should be easy 64.40 - .50

[11:29] {BillyD} understand, I am not a fan of depending on the next move of index

[11:29] {strider} ESI downgrade dino

[11:29] {strider} or is it ese?:)

[11:30] {Threei} RIMM 1:1

[11:30] {dino} ty

[11:31] {Threei} management is close to standard: half out, stop to .10

[11:31] {Threei} just a few cents leeway considering RIMM's natural volatility

[11:32] {Threei} offer second half at 1:2

[11:33] {dptl} .

[11:33] {dptl} what tyhe...

[11:33] {Threei} struggling with connection dp...

[11:33] {Threei} (Ping timeout: 121 seconds)

[11:34] {Threei} to each of your disconnects

[11:34] {dptl} hmm connection fine , it's seems

04[11:34] -} [dptl] PING

[11:34] {Threei} nope... I am pinging you... serious delay

[11:35] {Threei} stop to under .15 RIMM

[11:35] {Threei} on a stronger day I'd go for 1/4 at 1:2 but today is feeble

[11:36] {Threei} come here my pot with meat... I am waiting at .45

[11:37] {BillyD} Vad, did you see the Naz confirm on RIMM or did you take it because RIMM triggered

[11:37] {Threei} .out .44

[11:37] {Threei} not going to risk the whole trade because of 1 cent

[11:38] {Threei} it triggered and NASDAQ upticked just a tad at the moment,

[11:38] {Threei} and most of all, both charts looked bounce-ready

[11:38] {Threei} +.29 seciond ha;f

[11:38] {Threei} second half

[11:39] {Threei} sheesh

[11:39] {BillyD} ok, do you look at NAZ chart to uptick or last sale.......because my charts always couple seconds behind it seems

[11:39] {Threei} if you make 4 erros in word "bread" you get "beer"

[11:39] {ese} L colm avg P .84

[11:39] {Threei} chart is 1 min

[11:39] {Threei} of course it will be late

[11:40] {Threei} I have both chart and T&S close enough to see them at the same time

[11:40] {Threei} wave or green in situation where chart is ready for ticking over resistance kind of confirms the break before chart actually shows it

[11:40] {BillyD} ah, maybe I need T&S for the Naz as well as L2?

[11:41] {Threei} I don't have L2 for it

[11:41] {Threei} only chart and T&S

[11:41] {BillyD} for Naz right?

[11:41] {Threei} yes

[11:41] {BillyD} ok, I will try it

[11:41] {Threei} NQ

[11:41] {Threei} also you can use QQQQ just as well

[11:41] {Threei} and no need for level 2 on it either

[11:41] {BillyD} Q is what I use

[11:41] {Threei} it's so thick, what is it L2 shows you on it

[11:43] {Threei} 60% Want Fort Hood Shooting Investigated as Terrorist Act

[11:43] {Threei} duh

[11:44] {bkhmd} I lost a coworker there had memorial yesterday

[11:44] {Threei} 24% Watch Oprah At Least Occasionally

[11:44] {Threei} okay...

[11:44] {Threei} wow bkh... sorry

[11:44] {bkhmd} i wasnt very close but he was well liked

[11:46] {Threei} when I hear how political correctness in a form of fear of becoming accused of being anti-muslim led to ignoring obvious threat...

[11:47] {strider} long COLM .82

[11:47] {strider} ese, where do you have your stop?

[11:48] {bkhmd} I have serious mixed thoughts on issue of course nothing justifies his actions but I asked my wife who is not from this country how she would feel if she was asked to fight against ehr country not a good thought he should have nver joined the military here in usa

[11:49] {nemo} funny...want it investigated as terorist act...duh...but in the military, it's known as treason...He'll have a date with the firing squad

[11:50] {nemo} or, get the stuffing kicked out of him on a regular basis at Leavenworth

[11:50] {Threei} another sharp downtick in the market with no reason

[11:50] {bkhmd} death is too good for him

[11:50] {nemo} agreed

[11:51] {Threei} hah

[11:51] {Threei} interesting:

[11:51] {bkhmd} gld bounce?

[11:51] {Threei} NDAQ Moody's upgrades ratings to Baa3 from Ba1; outlook Stable

[11:51] {Threei} but

[11:51] {Threei} NYX Moody's put ratings on review for downgrade (currently rated A2)

[11:52] {strider} stopped COLM .56

[11:52] {Threei} not sure about GLD...

[11:52] {Threei} I am more inclined to short it but having hard time fonding entry

[11:53] {Threei} it tyopped out under .40 while I was hesitant to short it far below .50

[11:53] {bkhmd} does look weak now

[11:55] {bkhmd} do you see support at .89 for GLD?

[11:56] {Threei} .89?

[11:56] {Threei} why?

[11:56] {bkhmd} 108.89

[11:56] {Threei} kind of strange place for support, no?

[11:56] {Threei} what do see there?

[11:57] {bkhmd} chart indicates pivot point but I am new to looking at pivot points

[11:57] {bkhmd} 109.36 another pivot

[11:57] {Threei} weird

[11:58] {Threei} pivot people may have better insight but I don't see how .89 can be pivot on it

[11:58] {Threei} nemo is pivot man

[11:58] {Threei} larisa is pivot girl

[11:58] {nemo} it is a calculated point, but it is only a line to look at should price approach it. I see support at 109

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

[12:00] {Threei} - NYSE volume 445M shares, about 10% below its three-month average; advancers lead decliners by 1.3:1.

[12:00] {Threei} - NASDAQ volume 865M shares, about 13% below its three-month average; advancers lead decliners by 1.6:1.

[12:00] {Threei} - VIX index +2.75% to just under 23.50

[12:01] {nemo} Veteran's Day volume

[12:01] {BillyD} hard to find any good setups today

[12:01] {Threei} yeah, that RIMM long was as good as they go

[12:02] {Threei} just look how many got invalidated today

[12:02] {Threei} about 5 I think

[12:02] {Threei} must be a record

[12:02] {BillyD} yup

[12:02] {nemo} nah

[12:02] {BillyD} good thin gis sitting tight

[12:02] {nemo} had 7 a couple of weeks ago

[12:02] {Threei} ok... lol

[12:02] {BillyD} nemo the pivot stat man

[12:03] {nemo} 10/23/2009

[12:04] {BillyD} Vad, too small of range for H%S on GLD .10 and .00

[12:04] {BillyD} H&S

[12:05] {bkhmd} fade the rimm breakout attempt?

[12:05] {Threei} may be just the ticket to short it Billy

[12:05] {Threei} no bk, breakdown

[12:06] {Threei} a bit too far from there now

[12:06] {bkhmd} yea thts what i meant did I use wrong term?

[12:06] {BillyD} yeah, two headed frak now

[12:06] {Threei} lol

[12:06] {Threei} kind of bkh

[12:07] {Threei} shorting 109 break would be garden variety short

[12:07] {Threei} just your standard breakdown

[12:07] {BillyD} sweet setup

[12:08] {Threei} to fade breakout you need a breakout to fade... and I don't see anything breakoutish on it :)

[12:08] {Threei} .10 break could be qulified I guess... with some stretch

[12:09] {bkhmd} ahhh thanks I was thinking the open

[12:09] {bkhmd} making another run at the open

[12:13] {magoo} we are gonna be shut down any minute

[12:13] {magoo} exciting times :)

[12:13] {BillyD} you getting cable modem now

[12:14] {BillyD} and getting rid of DSL

[12:14] {magoo} ya

[12:14] {magoo} eh

[12:14] {BillyD} reason to celebrate..............

[12:14] {magoo} download speed test today.94

[12:15] {BillyD} yeah, cable is fast here

[12:15] {BillyD} never had dsl

[12:15] {strider} brcm

[12:15] {magoo} dsl .94, not even 1

[12:15] {strider} ?

[12:16] {nemo} short strier under .45. long .53

[12:19] {strider} AONE

[12:24] {ese} i'm back

[12:24] {nemo} happy happy joy joy

[12:25] {nemo} vad...spy and qs look like they want to pop

[12:25] {ese} why thank you...thank you thank you very much

[12:26] {bkhmd} ese or elvis?

[12:31] {Threei} BCRX is trying to find footing...

[12:31] {BillyD} lol...was just noticing

[12:32] {Threei} if market starts strong recovery, it's a momo candidate

[12:32] {BillyD} just where to enter is key

[12:32] {Threei} well, .10 has nice juicy offer to break

[12:32] {Threei} too bad this time RIMM got away

[12:32] {BillyD} very true

[12:32] {Threei} never saw a good entry on it

[12:33] {BillyD} stops too wide at .60

[12:35] {ese} ese bk

[12:38] {BillyD} you take BCRX Vad

[12:38] {bkhmd} i tried i didnt fill

[12:38] {Threei} yes... I am bored

[12:38] {BillyD} lol

[12:38] {fernp} .10?

[12:38] {Threei} yeah

[12:39] {bkhmd} i tried .11 blew right through it for me

[12:39] {Threei} I do it differently a little in such cases, bkh

[12:39] {fernp} stop under .05 ?

[12:39] {Threei} under 12 for me

[12:39] {Threei} when I have this huge offer for a stock to eat through,

[12:40] {Threei} I try to grab last shares of this same offer

[12:40] {Threei} it starts scrolling very fast usually if going to break

[12:40] {bkhmd} yep thats what happened i was trying to take the break of .10

[12:41] {Threei} do you click buy as offer disappears?

[12:41] {bkhmd} i had a limit order in to buy at .11

[12:41] {Threei} yes... I mean physically

[12:41] {bkhmd} nope

[12:41] {Threei} offer disappears, you push buy?

[12:42] {bkhmd} no i didnt do it that way i had the order in as a stop limit stop was .10 if hits fill at .11

[12:42] {Threei} ok... that's not my way at all

[12:42] {Threei} what broker btw?

[12:43] {bkhmd} Trade Station

[12:43] {Threei} oh ok

[12:43] {Threei} forget good fills altogether

[12:43] {Threei} it's just not a daytrading broker speed wise

[12:43] {bkhmd} I may switch

[12:43] {bkhmd} second time missed a fill

[12:44] {Threei} for Laser users who misses this kind of fills,

[12:44] {BillyD} ASIA interesting

[12:44] {Threei} little trick I taught magoo sometime ago

[12:44] {Threei} and he has been abusing his to death

[12:44] {Threei} just make sure you read it till the end lest you hurt yourself

[12:45] {Threei} if you feel a stock is going to scroll through your buy limit fast and there is a good chance to miss it,

[12:45] {Threei} do this:

[12:45] {Threei} click in level 2 on your price to which you are willing to chase,

[12:45] {Threei} hover cursor over Buy button,

[12:46] {Threei} as trigger level becomes best offer, depress mouse button

[12:46] {Threei} do not let go yet,

[12:46] {Threei} keep it depressed,

[12:46] {Threei} and let go only when you want your order to go in

[12:46] {Threei} It save you time for click

[12:46] {bkhmd} thanks vad

[12:46] {Threei} BUT

[12:47] {Threei} if stock downticks instead of breaking

[12:47] {Threei} and you don't want to send your order

[12:47] {Threei} do not forget to move cursor away from Buy button beforfe letting go

[12:47] {larisa} wow

[12:47] {larisa} lol

[12:47] {nemo} you taught him that a year ago

[12:48] {Threei} yeah... and he became freakishly fast, lol

[12:48] {Threei} larisa... don't tell me you didn't know this trick

[12:48] {nemo} yeah...and be careful you don't hit the market buy

[12:49] {Threei} of course you can always gain even more speed by using keystrokes instead of mouse

[12:49] {Threei} but there is even more room for error

[12:49] {Threei} so be careful with that

[12:53] {larisa} if you get download data delayed just a bit this exact second, all your mouse moving saved ms will do nothing IMO. With magoo connection it is interesting, how he can gain from this trick :) but if it works for someone, it works :)

[12:53] {Threei} well, it gives you additional boost of speed all things being equal

[12:54] {Threei} and magoo connection wasn't always like this, lol

[12:54] {larisa} I do not understand how it does, but I do not want to argue :)

[12:55] {strider} DRYS up today

[12:55] {Threei} easy... less time to release the button than to push and release

[12:55] {BillyD} it gives another variable to the edge of more confirmation for the trigger before entering

[12:55] {ese} definitely

[12:55] {Threei} I grew to hate the way DRYS trades

[12:56] {BillyD} lol....I've always hated it

[12:56] {strider} I'm in it for longer term...I really don't care how it trades as long as it trades up:)

[12:57] {Threei} well, then you were already grown-up while I was reading texbooks and chasing skirts

[12:57] {Threei} and it's been a good while since I read textbooks...

[13:04] {dawg} .)

[13:05] {fernp} I also hate the way DRYS trades... and I hate RIMM, GLD, BCRX, and many more, But what can I tell you about AGAM, I have no words to describe how I hate AGAM. lol

[13:05] {Threei} rofl

[13:05] {Threei} now, that's a good one

[13:05] {BillyD} lol....very good

[13:05] {Threei} and btw... RIMM prepares for 65 break

[13:08] {nemo} runs into major resistance around 65.14

[13:09] {BillyD} gonna take ROIMM if holds .90 and takes 65 Vad?

[13:10] {Threei} shhh, don't speak too loud now: BCRX is up whole 5, yes 5 cents

[13:10] {Threei} yes Billy

[13:10] {Threei} unless market reverses down at the same time

[13:10] {Threei} maybe .85 is better stop level

[13:10] {BillyD} thx

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

[13:10] {fernp} ty Vad

[13:10] {Threei} lol

[13:11] {Threei} you are welcome

[13:12] {Les} alright, the cook has been released from the kitchen. you gotta moment to talk about AONE Vad?

[13:13] {Threei} what about it?

[13:13] {ese} the egle looks like it's landed....still long at .12

[13:13] {Threei} it happily does nothing

[13:13] {Les} resistance was confirmed at 50 ma, which failed today.

[13:13] {Threei} BCRX gaining perkiness

[13:14] {ese} you talking about egle les

[13:14] {Les} I wanted to short as it failed to penetrate resistance 2nd time round and just let it run

[13:14] {Les} no AONE

[13:14] {Threei} at what price?

[13:14] {Threei} BCRX 1:1

[13:14] {Threei} half out for me

[13:14] {Threei} scalpers be happy

[13:15] {strider} Was BCRX a call?

[13:15] {Threei} at what price Les?

[13:15] {Les} I was considering a .77 short trigger earlier. But this is not doeable in your trading system?

[13:15] {fernp} gotta go. Have a good evening every. see u all tomorrow

[13:15] {Les} bye fern

[13:15] {Threei} strider, kind of discretionary... discussion in the course of which I declared intention to enter

[13:16] {Threei} take care fern

[13:16] {fernp} every = everybody :)

[13:16] {Les} at 10:23 am

[13:16] {strider} OK. missed it.

[13:17] {Threei} I like the idea itself, Les,

[13:17] {Threei} not sure I see exact entry trigger there

[13:17] {Les} that's the point. Not your type of trigger

[13:17] {Threei} 1:2 BCRX, out

[13:17] {Threei} too sharp spike

[13:18] {Les} I am still watching twitter list of a couple of daytraders and using 60 min. charts for trading decisions.

[13:19] {Les} wondering if I have to split my trading into two camps. An independent daytrade & Vad system trade camp.

[13:20] {Threei} if you do, keep us informed about stats comparison

[13:20] {Threei} I may switch if they look convisingly {G}

[13:20] {Les} :)

[13:21] {Les} with IB I'm not catching your faster trades unfortunately

[13:21] {Les} Laser may make all the difference. I dunno

[13:21] {strider} probably not.

[13:27] {Threei} market has no gas in it

[13:27] {Threei} BCRX however holding well

[13:27] {BillyD} yeah, killed our RIMM play

[13:28] {Threei} good tradeoff as far as I am concerned: 2K BCRX for 20 cents vs half lot RIMM stop for 15

[13:29] {Les} 2k - 2000 shares?

[13:29] {Threei} yeah

[13:29] {Threei} would have taken more if not this weird day with no conviction

[13:38] {Threei} if market decides to break down here, surely GLD should follow?

[13:39] {Threei} .45 is a stop

[13:39] {Threei} you feel it will, just grab a few shares here

[13:40] {Threei} US Treasury Sec Geithner: Calling for a 'market oriented' FX rates - Asia media comments

[13:40] {Threei} people in Asia must be irritated as hell listening to patronizing teaching coming form US administration

[13:41] {Threei} especially form Timmy who failed misreably trying to handle Asian financial crisis in 90 as IMF guy

[13:42] {Les} well how many Asian leaders listen to him now?

[13:42] {Les} "0"

[13:42] {Threei} as far as teaching goes, 0

[13:42] {Threei} but he also has executive powers now

[13:42] {Threei} so as far as policies go, they do listen

[13:43] {Les} listen to what? "The United States Federal Reserve supports a strong dollar"....?

[13:44] {Les} dollar to 70?

[13:44] {Threei} no, that's words

[13:44] {Threei} there are steps

[13:44] {Threei} GLD 1:1 btw

[13:45] {Threei} and if certain steps are taken, they'll echo in entire world

[13:45] {Threei} whether they are right ones to take or wrong

[13:45] {BillyD} ty GLD

[13:45] {Threei} sure thing

[13:46] {Threei} you don't seriously suggest that Fed and Treasury actions do not impact whole world, do you

[13:48] {Les} No, just doubtful that the Fed is going to do other than let USD slide to new lows to inflate its way out.

[13:48] {Les} So if I was world leader, what do I do in watching USD slide?

[13:48] {Threei} as if they could do something about that

[13:49] {Les} hmm was gonna say tighten money supply but...

[13:49] {Threei} well yes

[13:50] {Les} that has its own evils

[13:50] {Threei} hoke rates

[13:50] {Threei} hike

[13:50] {nemo} tank market

[13:50] {Les} that too

[13:50] {Les} yep

[13:50] {Threei} withdraw money supply

[13:50] {nemo} raise financing costs

[13:50] {nemo} kill exports

[13:50] {Threei} start sucking liquidity out of market

[13:50] {Threei} and kill everything

[13:50] {Threei} economy, markets

[13:50] {Threei} leftovers of employment

[13:51] {Threei} so, they are between Scilla and Harybda

[13:51] {Threei} or however you spell that

[13:51] {Les} so what policy choice do they have then, that world leaders should be interested to hear?

[13:51] {Threei} they don't have GOOD policy choices

[13:51] {Threei} it doesn't mean they don't have any

[13:52] {Threei} and they will undertake something

[13:52] {Threei} as they already did over last year - year and half

[13:52] {nemo} dogfight at these lves

[13:52] {nemo} levels

[13:52] {Threei} you are looking at it wrong Les...

[13:53] {Threei} think of it in let's say Afghanistan terms

[13:53] {Threei} there are no good choices there

[13:53] {Threei} they are all bad

[13:53] {Threei} but some of them will be made

[13:53] {Threei} and implemenmted

[13:53] {Threei} and they will impact a lot of lives

[13:53] {Threei} see my point?

[13:53] {Les} sure

[13:53] {Threei} same with financial policies

[13:53] {strider} Vad, AONE?

[13:54] {Threei} if anything it's a short to me

[13:54] {strider} good idea on break?

[13:54] {Threei} I am not delighted by it either way,

[13:54] {strider} k

[13:54] {Threei} but if I had to trade it, I'd take short

[13:54] {Threei} on .80 break

[13:54] {Threei} I don't like the width of the stop

[13:55] {Threei} no proounced resistance other than 17

[13:55] {strider} yeah

[13:55] {Threei} ideally though, this thing could give us a reasonable play

[13:55] {Threei} if bounced, stayed under .90 and slid back to .80

[13:56] {Threei} then this break could have been taken with stop above .90

[13:56] {Threei} another way is to take fewer shares on .80 break with stop above 17

[13:57] {BillyD} can't short it

[13:57] {Threei} really

[13:57] {strider} yep. no shorts.

[13:57] {BillyD} yup

[13:57] {Threei} crap is so useless, lol

[13:57] {nemo} no shorts

[13:57] {strider} in laser

[13:58] {BillyD} lol

[13:58] {Threei} it was shirtable on its first IPO day

[13:58] {Threei} shortable

[13:58] {Threei} but not now

[13:58] {BillyD} they change daily

[13:58] {strider} lost its shirt, I guess.

[14:00] {strider} nice inverse c&h, PTEN

[14:01] {patience} bought kinross for a scalp

[14:04] {Threei} Market Internals update at 2:00pmET

[14:04] {Threei} - NYSE volume 625M shares, about 11% below its three-month average; advancers lead decliners by 1.1:1.

[14:04] {Threei} - NASDAQ volume 1.22B shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.

[14:04] {Threei} - VIX index +1.5% to just over 23.00

[14:09] {strider} Hey ese, there's an ESE:)

[14:10] {Threei} more that that strider... there is RAVN

[14:10] {strider} Esco Technologies

[14:10] {strider} made my day!

[14:11] {Threei} and let me make your week: there is STRI

[14:11] {ilana} there is mags too

[14:11] {Threei} rofl, really

[14:12] {strider} hmmm.

[14:12] {ese} stock sysmbol?

[14:12] {strider} not very interesting.

[14:12] {strider} maybe I should change my name.

[14:12] {Threei} cable guy may be interested by MAGS, strider

[14:12] {Threei} or in

[14:13] {strider} you're so bad to poor mags.

[14:13] {ese} and it's dn 1.07.........honest it's says notheing about me

[14:13] {Threei} there used to be a stock LARS btw

[14:13] {strider} yep, ese looks like a short.

[14:13] {ese} lol

[14:14] {Threei} also, there is BKH

[14:14] {bkhmd} hey hey

[14:14] {ese} well on that note ....i have to sign off for the day...big day for egle i'm up 4 1/2 G's there.....cya tomorow

[14:14] {Threei} gj ese

[14:14] {Threei} take care

[14:15] {Les} nice one. byse

[14:15] {Les} bye too

[14:15] {Threei} I don't know where you find partience for this kind

[14:15] {ese} tks vad......thats because you protected my back on FCX

[14:15] {Threei} I'd already shoot myself

[14:15] {Les} egle

[14:15] {Threei} and couple people I don't like

[14:15] {ese} indeed

[14:15] {ese} take care

[14:16] {bkhmd} glad u bought camera lens not a gun vad

[14:16] {Threei} lol

[14:16] {Threei} not much relief there... in absence of gun I gnaw through the throats

[14:16] {Threei} not a pretty image

[14:17] {bkhmd} yikes

[14:17] {Threei} see?

[14:17] {strider} you gnaw, then take a picture of it and send it to his mother.

[14:17] {strider} bad

[14:17] {Threei} bad hasn't even imagined that

[14:18] {Threei} but I always believed that kind word and a gun are much more effective than kind word

[14:18] {nemo} yep

[14:21] {Threei} failed harddrive is under Seagate warranty it turns out... so they'll send me a new one

[14:21] {Threei} but I still have a question: what about pain and suffering?

[14:22] {bkhmd} yes vad I had much pain and suffering without you Monday

[14:22] {strider} Actually, it was rather pleasant here, Vad. No pain. No suffering. :)

[14:22] {bkhmd} include me on your claim

[14:22] {Threei} no bkh sorry... you are strider cancel each other out {G}

[14:22] {Threei} and strider

[14:22] {bkhmd} then in that case how abuot a read on Rimm

[14:22] {bkhmd} Bounce on the open?

[14:23] {Threei} how did you know I just got interested in this drop?

[14:23] {bkhmd} i have 3 eyes

[14:23] {Threei} on the open?

[14:23] {strider} all those burgers he eats.

[14:23] {Threei} dunno about open

[14:23] {bkhmd} 65

[14:23] {Threei} but interested in .50 support holding and providing bounce

[14:24] {Threei} market turns down too

[14:24] {Threei} maybe lower

[14:24] {bkhmd} perhaps .45

[14:25] {Threei} ugh

[14:25] {Threei} just right off .50

[14:25] {nemo} cat break of ...now

[14:25] {larisa} AIG explosion why

[14:26] {Threei} AIG CEO Benmosche: Totally committed to leading the company - WSJ, citing internal memo

[14:26] {Threei} shrug

[14:26] {Threei} so wat

[14:26] {larisa} lol

[14:26] {magoo} back

[14:26] {Threei} ok

[14:26] {Threei} .60 break RIMM

[14:26] {nemo} quik mags aig

[14:26] {strider} Vad's been talking about you, mags.

[14:27] {Threei} what the

[14:27] {Threei} was there something else in memo we don't know about

[14:27] {strider} AIG CEO Benmosche says "totally committed" to leading AIG, WSJ reports :theflyonthewall.com

[14:27] {Les} out AIG for +.27

[14:27] {BillyD} stop on RIMM is .50

[14:27] {Les} thanks for heads up

[14:27] {BillyD} ??

[14:28] {magoo} whats up with AIG?

[14:28] {strider} boy that's a non-event

[14:28] {dino} .

[14:28] {Threei} ***Reminder: On 11/10, the WSJ reported that CEO Benmosche threatened to resign

[14:28] {Threei} so what

[14:28] {Threei} qwho cares?

[14:29] {strider} Billy does

[14:29] {BillyD} Vad, RIMM stop is what?

[14:29] {Threei} unxder .50

[14:29] {Les} obviously someone likes the idea of him quitting

[14:29] {BillyD} lol strider

[14:29] {BillyD} ty

[14:30] {Threei} how did it go wit cable mags?

[14:30] {Threei} and the guy?

[14:30] {dino} took awhile, but i think we are ok

[14:31] {magoo} lots of issues..but up now

[14:31] {Threei} how's speed?

[14:31] {magoo} good for now

[14:31] {Threei} AIG is back to its old self

[14:32] {strider} dino & mags in same office?

[14:33] {magoo} unfortanately

[14:33] {Threei} lol

[14:33] {Threei} RIMM 1:1

[14:33] {nemo} out ty

[14:33] {bkhmd} ty out

[14:33] {Threei} sure

[14:33] {Threei} not bad day after all

[14:33] {dino} yes strider

[14:35] {Threei} a lot of invalidations, an unusual number of discretionary setups that I wouldn't call "officially", but wins solidly outweighed stops

[14:36] {_esteban} hi everybody

[14:36] {Threei} hi esteban

[14:36] {Les} hi esteban you made it

[14:36] {nemo} play guitar?

[14:36] {magoo} related to gloia:)

[14:37] {_esteban} no

[14:37] {nemo} hope you don't need adult supervision...none here

[14:38] {magoo} vad..read AIG here?

[14:38] {Threei} momo mags... no technical read

[14:38] {magoo} u got a feel?

[14:39] {Threei} if drops sharply into 36.60 - .70 area, will be much easier to enter

[14:39] {magoo} might not drop

[14:39] {Threei} as "just a momo, enter wherever and it will work anyway" - no

[14:42] {Threei} let's see if RIMM obliges us once again

[14:42] {Threei} same idea, dive closer to .50

[14:42] {Threei} and bounce for scalpers

[14:43] {Threei} don't enter on price alone

[14:43] {Threei} let's see if we get right action

[14:43] {strider} volume or futs?

[14:44] {Threei} everything

[14:48] {Threei} much better momo now AIG

[14:48] {Threei} 38 38-50 is imminent it feels

[14:48] {dino} flr hl l .70

[14:48] {dino} stop lod

[14:48] {magoo} in 37

[14:49] {Threei} 37.99

[14:49] {Threei} lol

[14:50] {Threei} can I say forst target hit or you will hold me responsible for 1 cent miss?

[14:50] {Threei} first

[14:50] {Les} in .80

[14:52] {BillyD} BCRX maybe ready again

[14:53] {BillyD} any read Vad

[14:53] {Threei} I don't like how it acts on breaks

[14:53] {Threei} it's a good player off pullbacks

[14:53] {BillyD} ok

[14:53] {Threei} and if I were a bit more patient, we would try to get it on this drop to 12.10

[14:54] {Threei} which was our entry last time around,

[14:54] {Threei} provided nice support now

[14:54] {Threei} was a natural area to look for reentry

[14:55] {Threei} should bounce off .40

[14:55] {Threei} AIG that is

[15:00] {Threei} .50 recross

[15:00] {Threei} stop under .40

[15:02] {Threei} takes too long

[15:02] {dino} shaw hl l .50, stop lod

[15:02] {Threei} no go

[15:02] {BillyD} out

[15:04] {patience} goodness...i'm up $5.05 on my kinross trade so far....i've got to learn to trade in thousands of shares like Ese, not hundreds

[15:06] {dino} gj

[15:08] {nemo} 10's of thousands patience

[15:08] {patience} with your bank account, sure nemo

[15:08] {nemo} make your money on the ecn rebate

[15:08] {nemo} no...ese's bank account

[15:08] {patience} better yet, both

[15:08] {patience} :)

[15:09] {Threei} you'll need dp then

[15:09] {Threei} to drink with ese until he is oblivious

[15:09] {Threei} and gives you his login

[15:09] {nemo} shouldn't take long

[15:10] {BillyD} AIG no bounce

[15:10] {nemo} see market

[15:10] {BillyD} yeah]

[15:18] {Threei} Billy, have a look at BCRX

[15:18] {Threei} break entry would have been a trap

[15:19] {Threei} {--- at the risk of dislocating shoulder, pats himself on the back

[15:19] {BillyD} yeah, I saw that....I stayed away because you were right....it is a pullback stock

06[15:21] * BillyD pats Vad on the back for BCRX

[15:22] {nemo} cya tomorrow

[15:23] {BillyD} bye nemo

[15:25] {Threei} take care nemo

[15:25] {BillyD} RIMM near 65 again

[15:26] {dino} cya nemo

[15:28] {Les} TOL consolidating for another break?

[15:29] {dino} for whom the bell....

[15:32] {Threei} it forms what you can call a bull flag

[15:34] {Threei} watch volume,

[15:34] {Threei} you want to see it stalling and volume p;ractically disappearing

[15:34] {Threei} then reversing and gaining volume

[15:36] {Threei} see these last few downticks on increasing volume?

[15:36] {Threei} they negate an idea of bull flag

[15:37] {Les} ok.

[15:38] {Les} bill's new commentary is up and running with a star rating system

[15:41] {dino} cramer getting giddy. contra indicator imo

[15:43] {Threei} lol... guys is incredible

[15:44] {Threei} wasn;t his "now we drop to 9500" comment what practically ended pullback?

[15:44] {bkhmd} 5 minutes ago he is bragging a 200% return 100% guarantee

[15:44] {bkhmd} lol

[15:45] {Threei} ummm

[15:46] {dino} yes, he said 9k before 10k end of oct

[15:47] {Threei} heh

[15:49] {strider} DRYS

[15:50] {dino} wets

[15:50] {Threei} AIG dropped just where I wanted it... but we have no time for decent play

[15:50] {patience} hmmm.....evidently Kinross doesn't know how big my daughter's cell phone bill is this month

[15:51] {Threei} and last minutes are even more dangerous on it

[15:51] {magoo} a lot of time

[15:51] {magoo} last 10 minutes can make your week

[15:51] {dino} out shaw +.03

[15:54] {Threei} ENMD...

[15:57] {dino} out flr .63 -.07

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {bkhmd} good night all

[15:58] {BillyD} ty vad

[15:58] {dino} take care all, thx for ideas

[15:58] {bkhmd} ty vad

[15:59] {Les} yeh thanks for another day of learning. night.

Nov 10 2009

After computer crash kept me away yesterday, I was extra-careful today - 5 calls, 4 wins, no runners, just scalps. Market didn't inspire for much more either spending most of the day locked in narrow range.

Session Time: Tue Nov 10 00:00:00 2009

[07:04] {BillyD} morning Vad

[07:05] {nemo} hey billyd! :)

[07:05] {BillyD} nemoooooooo

[07:05] {Threei} Good morning!

[07:05] {Threei} welcome back Billy

[07:05] {BillyD} ty, good to see you all

[07:05] {nemo} oh oh...you can see me?

[07:08] {nemo} why aig up 3$

[07:09] {BillyD} dunno

[07:09] {Threei} 5:52:49 PM

[07:09] {Threei} American International Group, Inc Moodys maintains negative outlook and current A3 ratings; says company "Should be" able to repay government loan

[07:09] {Threei} - Moodys expects that AIG should be able to repay the US government's senior secured loan and most or all of the US government's preferred stock, if the company's operations and financial markets further stabilize.

[07:09] {Threei} - Moodys added that the company's Q3 results show that its core insurance business is stabilizing.

[07:09] {Threei} **Note: The US government has invested about $121B into AIG.

[07:09] {Threei} - The government is authorized to provide up to $182B in assistance to the company.

[07:09] {Threei} this is the only thing I see

[07:10] {nemo} so there's a big "if" and it's from Moody's who were part and parcel to the ratings fraud that helped cause the debacle...I can sleep well at night

[07:10] {Les} so if it makes for some good scalps in AIG today, bring it on.

[07:10] {Les} gm

[07:11] {Threei} les :)

[07:11] {strider} He's alive!

[07:11] {strider} Vad:)

[07:11] {nemo} yes Les...I just wanted to know a reason...Kinda' like Rimm's downgrade yesterday, so of course it was up

[07:11] {Threei} I am like a bad dream strider

[07:11] {nemo} Vad the Impaler is immortal...don't forget

[07:11] {Threei} back again and again

[07:11] {nemo} more like Syphilis

[07:12] {nemo} eh...sorry...over the top

[07:12] {Threei} nah, I am not that harmful

[07:12] {Threei} BAC CEO: Ken Lewis: Crisis is abating although recovery is fragile, firm has robust capital position - investor conference comments (15.77, 0.00, 0.00%) (related XLF )

[07:13] {Threei} but yeah, I'd recommend before hitting entyer to read and think: whether it's something janitor mi8ght have to sweep

[07:13] {Threei} BLTXX Baltic Dry Bulk Index rises just under 4% (9th straight gain)

[07:14] {nemo} well, it's an improvement, kinda'...haven't done anything like that in months, and it was arguably marginally abhorrent

[07:14] {Threei} let's call it improvement in your terms

[07:14] {Threei} just to keep things in perspective

[07:14] {nemo} yes...eqzaktly

[07:17] {Les} watching BZH. Got some airtime on Bloomberg today

[07:18] {Threei} BZH Reports Q4 ex items $0.87 v -$1.24e (unclear if comp), R $377M v $338Me; New orders, backlog fall notably

[07:18] {Threei} Intends to file Form S-3 Universal Shelf registration statement

[07:18] {Threei} - Intends to file a Form S-3 Universal Shelf registration statement under which it may offer, from time to time, senior debt securities, subordinated debt securities, common stock, preferred stock, depositary shares, warrants, rights, stock purchase contracts or stock purchase units. However, the Company is not pursuing any particular offering under the registration at this time.

[07:23] {Les} sat down with bank staff today. Bear transaction looks possible now. No hurry though. Want to sharpen setup skills then entry/exits with 2 wks demo laser. give myself 1 month on paper.

[07:25] {Les} GM exec reports on Bloomberg: there's market for $60G coupe with elec. motor with 40 mile range. hmmm. I see big future for GM. Not.

[07:26] {Threei} there is market for anything...

[07:26] {Threei} question is, can company live on that market

[07:29] {Threei} so, how did you guys do yesterday while I fighting my way back from tech hell?

[07:30] {nemo} there were some pretty good scalps among the minions in the morning, and Dino was, of course, Dino.

[07:31] {Threei} cool beans

[07:31] {strider} PCLN up 25 bucks from yesterday

[07:32] {Threei} btw, the exit card from hell is to be so nasty that devil says "throw this guy out, he will corrupt all my stuff"

[07:33] {Les} ? je ne comprend pas

[07:33] {nemo} earnings les

[07:33] {Les} no, 3i's last

[07:34] {Threei} follow up to previous comment about "fighting my way back from tech hell"...

[07:34] {Threei} which in turns refers to computer crash

[07:35] {Threei} which, in case you haven't noticed, kept me out of room yesterday {G}

[07:35] {nemo} oh...we were remarkably well behaved in your absence

[07:35] {Les} oh right, a joke. sorry

[07:38] {Les} started leaving bloomberg tv on in the background to keep current on stories. Their inane chatter is driving me insane. Does anyone here keep tv on while trading?

[07:38] {nemo} not me

[07:39] {Threei} CNN, muted

[07:39] {Threei} switching tio canadian channels sometimes

[07:39] {Threei} no financial channels

[07:40] {Threei} (US) Treasury Official: Important for China to increase domestic consumption

[07:40] {Threei} yup.. let's tell them how to run their business

[07:40] {Threei} because we are so good at it

[07:41] {patience} Les, I watch BNN during the trading day...you can watch it over the internet

[07:41] {patience} i like it

[07:44] {Les} difference between BNN and CNN? One's business related and other is political. Vad, you keep an eye on breaking political stories?

[07:44] {Les} sorry, I assume that is the difference between BNN and CNN

[07:45] {Threei} that, and keeping count on TV appearances by you-know-who

[07:45] {Les} lol

[07:45] {nemo} Genvieve Bujold?

[07:45] {Threei} lol

[07:56] {Threei} (US) Senator Baucus: urges Obama to resolve concerns blocking Korea, Colombia, Panama trade deals (related USD/JPY EUR/USD )

[07:56] {fernp} Good morning everybody

[07:56] {Threei} fern :)

[07:56] {Threei} US Senate will not finish work this year on Climate Change legislation

[07:57] {Threei} one economy killing bill a year is a policy I guess

[07:58] {nemo} and next year you have the tax cut expiration

[08:00] {Les} afternoon fern. make me feel good fern. tell me its as cold and cloudy in south of spain as in switzerland...

[08:00] {nemo} yeah...right les

[08:03] {ese} good morning....vad!!!!! your back

[08:03] {fernp} Les, here we are still using air-conditioner

[08:04] {Threei} like a bad dream, ese

06[08:04] * strider slaps fernp around a bit with a large air conditioner

[08:04] {BillyD} hi ese, fern

[08:04] {fernp} it's hot here yet

[08:04] {BillyD} vad, bad PC day?

[08:04] {Threei} harddrive failure over weekend

[08:05] {BillyD} backup right?

[08:05] {Threei} yup

[08:05] {ese} billy fern......dude

[08:05] {BillyD} only positive thing out of it Vad

[08:05] {Threei} took a day to diagnose, replace, and restore all the data

[08:05] {Threei} without good backup, would be a total nightmare

[08:06] {BillyD} I replaced my hardrive a few months ago and my PC performance so much better.....386 runs like day I bought it...lol

[08:06] {Threei} lol

[08:06] {nemo} got a new squirrel for the treadmill?

[08:09] {Threei} (US) Fed's Lockhart: Overall economic picture is "quite mixed," commercial real estate problems could weaken the recovery

[08:09] {Threei} - Believes economic recovery is underway, began in summer.

[08:09] {Threei} - There are signs that conditions are improving and housing has bottomed out.

[08:10] {lasertrev} gm

[08:10] {Threei} trev :)

[08:14] {nemo} aig might go momo on us

[08:14] {Threei} I see it was quite tame yesterday

[08:15] {nemo} yes

[08:15] {larisa} gm :)

[08:15] {Threei} larisa :)

[08:15] {nemo} lari :)

[08:15] {larisa} :)

[08:15] {Threei} so, DOW made new high while NASDAQ is still under its

[08:16] {Threei} not sure what to make off it...

[08:16] {Threei} could be: Dow is easier to run, with its lesser volume

[08:16] {Threei} or

[08:16] {Threei} techs lag

[08:17] {ese} nice pcln +19.00 pts

[08:17] {dptl} good morning

[08:17] {Threei} dp :)

[08:17] {ese} ddddddpppppppp

[08:18] {dptl} :)

[08:19] {dino} gm all

[08:19] {Threei} dino :)

[08:19] {nemo} dino, dude, p

[08:19] {nemo} dp

[08:19] {dptl} :)

[08:19] {dptl} dude?

[08:19] {dptl} p

[08:19] {Les} too many smiley faces for one session. gm all.

[08:20] {Les} anything catching your eye today Vad?

[08:20] {Threei} AIG

[08:20] {nemo} aig

[08:21] {Threei} but that's not really something I am willing to jump on right away

[08:21] {ese} dino

[08:21] {Threei} it's morning voalitity is a killer

[08:21] {ese} pcln....up 20pts dino

[08:22] {dino} toughy

[08:23] {ese} my wynn position basically came out even at the end of the day yesterday avg price .49 sold at .46 -.03

[08:24] {ese} one of the few times a stock like that has not made it back to it's high of the day

[08:24] {dino} wynn = pulp

[08:24] {dino} flr interesting

[08:25] {magoo} morn

[08:25] {magoo} missed ya yesterday vad

[08:25] {Threei} magoo :)

[08:26] {ese} mags

[08:26] {dino} ubs takes wynn down to neutral

[08:26] {dino} bj to sell goldman

[08:27] {fernp} CSCO 24 break is tempting

[08:27] {nemo} rimm .35 break

[08:27] {Threei} if market starts this slow confident climb, then yeas fern,

[08:27] {Threei} just don't count on quick resolution

[08:27] {Threei} CSCO is torturer

[08:28] {fernp} thanks

[08:28] {fernp} I don't need a toturer...

[08:29] {cosmo} they have their methods, don't they...

[08:29] {ese} Q news flr dino is not that bad

[08:29] {BillyD} LVS may take 17 today

[08:30] {dino} agree es

[08:30] {nemo} hehehe rimm

[08:32] {ese} bzh L .12

[08:32] {ese} sm

[08:32] {ese} stop .06

[08:33] {Threei} Long Setup: HIG .05 break

[08:33] {Threei} if stays above .95

[08:34] {strider} in

[08:35] {dino} tol sm l .20

[08:35] {Les} late to the party. in .09

[08:36] {dino} nat sm l .25

[08:37] {Threei} Long Setup: AIG .60 break half lot

[08:37] {Threei} if stays above .40

[08:38] {Threei} HIG no worky

[08:38] {fernp} stopped HIG

[08:39] {ese} out bzh .26 +.14

[08:39] {Threei} AIG 1:1

[08:39] {fernp} ty ty AIG

[08:39] {Threei} twice??

[08:39] {Threei} lol

[08:39] {nemo} rinse on hig

[08:40] {strider} out AIG +.18

[08:40] {strider} stopped HIG -}-.10

[08:40] {Threei} I guess HIG is losing its appeal

[08:40] {fernp} yes Vad, from .62 to .80 twice

[08:41] {Threei} nice

[08:41] {Threei} wtg

[08:41] {Threei} will papertrade HIG for a while without actual calls on it

[08:41] {Threei} maybe its time to move on

[08:41] {dino} flr

[08:43] {dino} tlcr

[08:43] {Les} xlf making lower highs lower lows. not helping HIG I guess

[08:44] {strider} PCLN big pullback

[08:44] {ese} nice 2nd move bzh

[08:44] {Threei} DRYS...

[08:44] {Threei} ese, may be of interest to you

[08:44] {dino} flr sm l .25

[08:44] {ese} very

[08:44] {Threei} BLTXX 9th consecutive gain today

[08:45] {Threei} 6.36 its today's high, 6.40 yesterday

[08:45] {nemo} HIG rude

[08:45] {ese} would like to go long again just over .40

[08:45] {Threei} very

[08:46] {ese} didn't get a chance at the 5,50 level

[08:46] {ese} still have a position at .47

[08:47] {dino} flr stopped -.32

[08:48] {Threei} Fed's Lockhart: WIll not focus on employment alone; scenarios exist that could see a rate hike with high employment - comments to reports

[08:48] {Threei} yikes

[08:48] {nemo} they're saving the system, not people

[08:49] {Threei} as if system can exist without people

[08:49] {Les} out HIG average .17 +.8. ain't touching HIG again.

[08:49] {Threei} average?

[08:49] {Threei} what did you do with it?

[08:49] {Les} dumped one quarter at purchase price

[08:50] {magoo} news AMZN vad? been underperforming lasrt 2 days

[08:50] {dino} flr rinsed

[08:51] {Threei} (US) Senator Dodd (D-CT): Financial regulation bill would include a consumer protection agency that would have the power to assess fees on banks with $10B or more in assets (related XLF )

[08:51] {strider} PAAS

[08:51] {Threei} here is the only thing I see that may be AMZN problem:

[08:52] {Threei} Sunday, November 08, 2009 8:56:30 PM

[08:52] {Threei} (US) A key Supreme Court ruling is nearing which could impact industries including software - Press

[08:52] {Threei} - On Monday, the court will examine what types of inventions should be eligible for a patent.

[08:52] {Threei} - The case could undermine the legal protections for software.

[08:52] {Threei} - If the Supreme Court favors the position of the US Patent Office, it could ban patents on processes and methods of doing business, such as online shipping techniques, medical diagnostic tests and procedures for executing financial trades.

[08:52] {strider} STEC moving up

[08:52] {Threei} quite a stretch, but there is nothing else that would even include the symbol

[08:52] {Threei} Nevada reports Sept casino rev $911M, -8.9% y/y; Las Vegas strip revenue $506M, -3.6% y/y (related MGM LVS PENN MPEL BYD WYNN MNTG BYI )

[08:55] {ese} stec sure has taken a hair cut ST

[08:55] {strider} Indeed.

[08:55] {fernp} WFC pulling back

[08:55] {strider} Rumor: STEC Inc moves higher on design win speculation :theflyonthewall

[08:56] {nemo} crissakes, stec probably moving higher because it fell so far

[08:56] {strider} MYGN trying to do something

[08:57] {Threei} HGSI...

[08:58] {Threei} .80 break, for fast momo players only

[08:58] {Threei} not against the market of course, but let's use this market pullback to see how well HGSI holding

[08:59] {Threei} AIG sells off hard

[08:59] {Threei} *NOV IBD/TIPP ECONOMIC OPTIMISIM INDEX: 47.9 V 49.0E

[09:01] {dino} scanners red

[09:02] {ese} l stec .66

[09:03] {ese} stop .56

[09:04] {ese} stopped .56 -.10

[09:05] {Les} tried to short aig at .42 no fill.

[09:06] {Les} have to leave lightening quick trades to Laser me thinks

[09:06] {Threei} (US) Fed's Yellen: Fed needs to provide accommodation to support job growth; inflation likely to go lower rather than higher

[09:06] {Threei} - Housing market has stabilized, foreclosures could put fresh pressure on home prices

[09:06] {Threei} - Unemployment could stay higher for years to come

[09:06] {fernp} DRYS pathetic

[09:06] {Threei} Les... I am not sure I understand what you are doing

[09:07] {nemo} well...you think he understands? :)

[09:07] {Threei} your HIG trade was against every rule in the book

[09:07] {Les} :P

[09:07] {strider} TEVA

[09:07] {Threei} this AIG short is not making much sense eirher

[09:07] {BillyD} AIG total guess with these jumps up/down

[09:08] {nemo} hgsi..damn

[09:08] {Threei} ?

[09:08] {magoo} actually, AIG is a bounce candidate

[09:08] {Threei} it still didn't do anything

[09:08] {nemo} break of .70

[09:09] {BillyD} what entry magoo...AIG

[09:09] {ese} flr L .55

[09:10] {magoo} well when it held .50

[09:10] {magoo} so as close to .50

[09:10] {magoo} stop like .40

[09:10] {magoo} aapl too

[09:10] {magoo} same setup[

[09:10] {dino} cvs l .57

[09:10] {Threei} the best scenario for AIG would be a quick dive under .50, for double bottom

[09:11] {dino} rocking

[09:11] {Threei} HGSI, pullback close to .70 is an entry idea

[09:12] {ese} out flr .85 +.30

[09:14] {Les} H&S forming on RIMM?

[09:14] {Threei} good eye

[09:14] {Threei} yes

[09:15] {Threei} with 63 being cloest resistance

[09:16] {ese} L stec .60

[09:17] {Threei} Short Setup: RIMM .80 break half lot

[09:17] {strider} in

[09:17] {fernp} stop above 63?

[09:17] {Threei} for day traders

[09:18] {Threei} hard core scalpers can keep it .95

[09:18] {Threei} 1:1 for those pesky ones

[09:18] {fernp} ahh! ty I am out

[09:18] {Threei} lol

[09:18] {Les} quick to the chase fern

[09:18] {fernp} good read Les

[09:19] {Threei} yup, nice find

[09:19] {BillyD} out here +.15 ty

[09:19] {Threei} billy :)

[09:19] {Threei} clean formation, rare case

[09:19] {ese} anyone of you lot take that hgsi..........nice one

[09:19] {Threei} reinforced by staying put while market tried to return to high

[09:19] {strider} stopped rimm

[09:20] {Threei} no ese, couldn't find entry

[09:20] {Threei} now it pulls back to where I wanted it

[09:20] {Threei} stop under .60

[09:20] {Threei} strider... not sure I understand

[09:21] {Threei} if it was scalp, why not traking profit, and if it was a day trade - why stop if resistance at 63 is not broken

[09:21] {strider} shorted at .80 stopped at .90

[09:21] {BillyD} Vad, you in HGSI

[09:21] {ese} stec just hangin around .60......come on.....get at it

[09:21] {Threei} yes billy, .71

[09:22] {Threei} strider, if stop at .90, you had over 1:1

[09:22] {strider} did the best I could

[09:22] {Threei} but why not take scalp if you play it with scalping stop size?

[09:23] {Threei} there must be alignment between your risk and reward

[09:23] {strider} you're right, vad.

[09:23] {ese} flr tanking again dino

06[09:23] * Threei slaps strider around a bit with a large Master Profit Plan

[09:23] {Threei} double bottom RIMM, with 63 break as confirmation

[09:23] {Threei} missed it

[09:24] {dino} watching for db on it

[09:24] {ese} auch du miya!!!!! stec get up there!!!!

[09:25] {dino} esc

[09:25] {nemo} top left of keyboard dino

[09:26] {dino} roflol, took me a second

[09:26] {Threei} lol

[09:26] {Threei} you know why dino?

[09:26] {nemo} here it comes

[09:26] {dino} no

[09:26] {Threei} because you just don't expect a good joke from nemo

[09:26] {dino} lol

[09:27] {Threei} and I have to say, it's a third good one from him in just as many weeks

[09:28] {Threei} I may have to rethink my opinion on his sense of humor if he keeps it up till, say New Year

[09:28] {Threei} oh come on HGSI, just a few more cents

[09:28] {Threei} good boy

[09:28] {Threei} 1;1

[09:28] {dino} esc hl l .53

[09:29] {Threei} half out

[09:29] {Threei} scalpers take profit

[09:29] {ese} stopped stec .50 -.10 daaaaaaaaaaaa!!!!!!!!

[09:31] {Threei} second half is trailed to under .70

[09:31] {nemo} now you have an H&S on hgsi

[09:31] {Threei} nah

[09:31] {Threei} too narrow reange

[09:31] {Threei} I prefer this fpormation to be much more pronounced

[09:32] {nemo} so the left shoulder is a little impaired

[09:32] {strider} inverse c&h STEC

[09:32] {Threei} otherwise you can construct it in any accidental oscillation within narrow range

[09:32] {Threei} do this funny exercise to see what I mean

[09:33] {Threei} find any stock consolidating in narrow range, let's say 10-15 cents

[09:33] {Threei} blow up the scale of the chart

[09:33] {dino} esc out .80, +

[09:33] {Threei} and look at consolidation range trying to find patterns in it

[09:33] {Threei} you will see everything

[09:33] {Threei} C&H, H&S, whatever

[09:33] {nemo} yeah

[09:33] {Threei} and they all won't mean squat

[09:34] {dino} .27

[09:34] {nemo} tight range aig

[09:34] {dino} too many mice on my desk, +.27 hitting them while typing

[09:35] {strider} you need a cat, dino

[09:35] {dino} i need something

[09:35] {nemo} hgsi might be setting up for a short

[09:35] {ese} dino...stalking flr again at .50

[09:36] {fernp} missed HGSI, I think I was trading RIMM and forgot it... don't remember

[09:36] {fernp} I'm getting old

[09:36] {dino} hmmm

[09:36] {Threei} lol

[09:37] {dino} no worries fern, just saw i'm holding pike, forgot it

[09:37] {fernp} :)

06[09:37] * Threei renames the room into Alzheimer Galore

[09:37] {nemo} well, so much for the Saudi threat to increase production...oil up a buck again and dollar crushed

[09:37] {nemo} reminds me of a James Bond character

[09:38] {dino} dropping

[09:38] {dino} dxd l .95

[09:38] {Threei} done with HGSI second half

[09:38] {ese} i still think though that stec is good for a swing trade for a couple of points.....vads capitulation bar 4 days ago is a tell tale sign

[09:38] {Threei} MTXX Heairng shares moving higher following continued sale of Zicam as OTC (4.37, +0.24, 5.81%)

[09:39] {Threei} Market Internals update at 10:30amET

[09:39] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; advancers lead decliners by 1.1:1.

[09:39] {Threei} - NASDAQ volume 480M shares, about 15% below its three-month average; advancers and decliners are about even.

[09:39] {Threei} - VIX index -1.3% to just over 22.50

[09:40] {Threei} not sure I understand this MTXX news

[09:41] {Threei} Zicam is allowed to sell by FDA again?

[09:41] {BillyD} Vad, look at EWBC short off .94

[09:41] {Threei} 'cause is yes, it should be at 10-15 in a blink of eye

[09:42] {Threei} .92 break would be a new low for EWBC

[09:42] {Les} false rumour. MTXX dropping as quickly as it rose

[09:42] {Threei} I'd prefer to short it into bounce

[09:42] {BillyD} ok, in already here

[09:43] {Threei} 13.05 resistance for stop placement then

[09:43] {BillyD} yes

[09:43] {Threei} so far so good\, 3 out of 4

[09:44] {BillyD} out +.1:1

[09:44] {Threei} EWBC going for 1:1 in a hurry

[09:44] {Threei} good one

[09:44] {BillyD} ty

[09:45] {fernp} gj Billy

[09:45] {nemo} hgsi forming tight range

[09:45] {Threei} tempted by AIG short idea

[09:46] {Threei} bounce closer to .50 would get me in

[09:46] {nemo} yeah, 37 support from yesterday

[09:46] {Threei} no bounce...

[09:46] {Threei} no biting into breakdown

[09:47] {ese} flr drifting

[09:47] {Threei} AIG is a murderer on this kind of entries 9 times out of 10

[09:47] {nemo} so...just pick the 10th

[09:47] {Threei} I am not hnting for that 1 risking to be stopped on 9

[09:47] {nemo} hgsi short

[09:49] {fernp} HIG is on loews

[09:49] {nemo} I was just setting myself up for you to lambaste me...one day off and you lose it...sheesh

[09:50] {ese} hands clenched with fervor......venom running through veins....classic revenge trade symptoms.....ese goes Long one more time STEC .20

[09:50] {Threei} I am trying on gentler softer me this week

[09:50] {strider} new fabric softener?

[09:50] {nemo} estrogen

[09:50] {Threei} no, scotch

[09:51] {Les} what's your target for RIMM Vad?

[09:51] {Threei} hmm?

[09:51] {dino} out tol -.20

[09:51] {Threei} I never called RIMM here

[09:51] {Les} I know. RIMM dropping to what in your opinion

[09:51] {Threei} I've no idea

[09:51] {Threei} I don't think in these terms Les

[09:52] {Threei} this is not my trading ap;proach at all

[09:52] {dino} out dxd .07, +.12

[09:52] {nemo} aig db?

[09:52] {Threei} I doubt it

[09:53] {Threei} AIG tends to explode upward in this kind of situations more often than not

[09:53] {nemo} is said db not dbi

[09:53] {BillyD} nice HGSI read nemo

[09:53] {nemo} ty...vad ignored me...sniff

[09:54] {Threei} hey, my gentliness and softness go just so far

[09:54] {nemo} yeah...i understand when it comes to me

[09:54] {Threei} there you go - this is how AIG short on .20 breakdown would have failed

[09:54] {nemo} I said DB=double bottom not short

[09:55] {Threei} oh

06[09:55] * nemo slaps Threei around a bit with a large READING GLASSES!!!

[09:55] {Threei} yeah... getting old... sniff sniff

[09:55] {strider} long PAAS .35 stop .29

[09:55] {nemo} rimm might be long here

[09:56] {Threei} OK, watching AIG for some kind of short formation here

[09:57] {Threei} nearest resistance ,is .65

[09:57] {Threei} if .50 is broken that is

[09:57] {Threei} need some support to form

[09:57] {Threei} to give us trigger

[09:57] {Threei} .40 seems to be it

[09:57] {Threei} Short Setup: AIG .40 break

[09:57] {Threei} stop for scalpers above .50

[09:58] {Threei} for daytraders above .65

[09:58] {dino} flr

[09:58] {dino} ash

[09:58] {magoo} see..i just think its better oddes for a bounce here

[09:58] {magoo} dont like shorts

[09:58] {strider} stopped PAAS -.09

[09:59] {strider} is AIG still valid, vad?

[10:00] {Threei} sure, same setup

[10:00] {ese} nemo....nice short on hgsi.....well done laaaaaddie!!

[10:00] {nemo} ty

[10:00] {dino} gj

[10:01] {Threei} invalidated

[10:02] {BillyD} invalidated or stopped on AIG

[10:02] {dino} flr hl l .10

[10:02] {Threei} first entry hit 1:1

[10:02] {Threei} second got invalidated

[10:02] {BillyD} ok

[10:02] {fernp} uhmmm? I grabbed +.08 in AIG

[10:02] {magoo} i took it long .30

[10:02] {Threei} if day trading entry, never hit either, prfoit target or stop

[10:02] {dino} ash hl l .53

[10:04] {magoo} trying for .70 area

[10:04] {larisa} getting confused here, vad has several entries, magoo is trading against it :)

[10:05] {nemo} what's so confusing...it's magoo...frickin' anti-christ

[10:06] {dino} put magoo on ignore

[10:06] {magoo} trev u here?

[10:06] {larisa} :)

[10:06] {magoo} out aig

[10:06] {magoo} + .23

[10:07] {BillyD} [09:00] {strider} is AIG still valid, vad?

[10:07] {BillyD} [09:00] {&Threei} sure, same setup

[10:08] {BillyD} Vad, did you mean .40 BDN was still valid....I wasn't sure if hit 1:1 yet

[10:08] {Threei} yes but it never broke .40 again, and proceeded to break .50 instead

[10:08] {nemo} I know you'd like to short Rimm into a pull back, but...

[10:09] {magoo} TREV DCC when u can

[10:09] {BillyD} got it, thought you meant to short intop the bounce

[10:09] {Threei} sometimes it's the way,

[10:09] {BillyD} right

[10:09] {Threei} but with AIG, you always have to give a bit to its natural volatility

[10:09] {magoo} tech issue TREV-a-rino:)

[10:11] {strider} My laser freezing problems seem to be gone this week. anybody else?

[10:12] {nemo} I'm still having sporadic issues with quote servers

[10:14] {magoo} ya

[10:15] {magoo} here constant, but most is our connection

[10:17] {gnslng} .

[10:17] {Threei} good point

[10:18] {Les} descending triangle in SPY forming?

[10:18] {magoo} vad, email me your excuse for yesterday ok for the file..TY

[10:19] {Threei} hmmm

[10:19] {Threei} dog ate my computer?

[10:20] {Les} :)

[10:20] {Threei} better yet... dog ripped harddrive out of my computer and ate it... it's realy strong and determined dog, you know

[10:22] {dino} ouch, thought you said your dog did not bite? that's not my dog

[10:22] {Threei} I don't have a dog

[10:23] {Threei} it's some strange dog that now and then comes in to eat my computer

[10:23] {nemo} that's a precious steinway...not anymore

[10:23] {nemo} a mere blemish on the furniture

[10:31] {magoo} i gootta rebopot

[10:32] {magoo} hopefully be back

[10:32] {nemo} sube

[10:38] {dino} tough trading here, dsl problems.

[10:40] {magoo} SIGHHHHHHH

[10:40] {magoo} untradeable

[10:40] {BillyD} sorry to hear

[10:41] {magoo} im more excited for cable guy than xmas

[10:42] {Threei} oh boy

[10:42] {Threei} lord give me power to supress 13 nasty jokes I just had coming to my mind

[10:43] {Threei} I'll limit myself to just one, and the most PC: this must be one good looking cable guy

[10:45] {strider} good lord...PCLN

[10:47] {nemo} remember when said "db" on aig, it was the "b"

[10:54] {dptl} hmm ....keep getting disconected like every 5-10 min

04[10:55] -} [dptl] PING

[10:55] {Threei} [10:55] [dptl PING reply]: 2secs

[10:55] {Threei} not stellar

[10:57] {lasertrev} magoo, got ya

[10:57] {Threei} Fed's Yellen: Would be surprised to see deflation in the US - comments to reporters

[10:58] {Threei} no really?

[10:58] {Threei} or is it just "ok, I am surprised" kind of deal

[10:58] {Threei} Fed should be monitoring asset prices for signs of a bubble - comments to reporters

[10:58] {Threei} - Fed has an important role in overseeing banks

[10:59] {fernp} Vad, when are you going to post all the photos you made yesterday?

[10:59] {nemo} nice one fern

[10:59] {Threei} (US) Senate Majority Leader Reid (D-NV): Expects Senate healthcare bill to reach the floor for debate next week

[10:59] {Threei} lol

[10:59] {fernp} direct hit

[11:00] {Threei} actually, in this crash I lost a few good ones I made of a salmon run

[11:00] {Threei} got just one or two left that I uploaded for someone

[11:01] {Threei} Market Internals update at 12:00pmET

[11:01] {Threei} - NYSE volume 430M shares, about 12% below its three-month average; decliners lead advancers by 2.4:1.

[11:01] {Threei} - NASDAQ volume 915M shares, about 8% below its three-month average; decliners lead advancers by 2.2:1.

[11:01] {Threei} - VIX index +1% to just over 23.00

[11:09] {strider} Vad, TEVA read?

[11:11] {Threei} none really

[11:11] {Threei} TEVA is rarely a readable player

[11:11] {strider} rhx

[11:12] {strider} thx

[11:18] {strider} fitb selloff

[11:19] {Threei} no fresh news on it

[11:19] {Threei} 11:29 the latest

[12:22] {strider} PCLN short?

[12:23] {Threei} chart wise yes

[12:23] {Threei} risk wise, stay the hell away

[12:23] {dptl} sigh

[12:23] {ese} hey all have to sign off....have a remembrance day ceremony to perform at.....see you tomorrow

[12:23] {Threei} take care ese

[12:23] {BillyD} bye ese

[12:23] {nemo} cya dude

[12:24] {ese} cya vad have a great rest of the day.....i'm still long stec .20 we'll see what happens

[12:24] {ese} dude3

[12:24] {ese} opps dude

[12:25] {Threei} (US) Fed's Rosengren: Fed has the tools it needs to tighten monetary policy, it is just a question of timing

[12:26] {Threei} not at the point where policy tightening is required (related EUR/USD )

[12:27] {nemo} yeah...you believe him?

[12:27] {Threei} I do

[12:27] {Threei} in this particular case at least

[12:27] {nemo} Of course, he is from the government, and he's here to help

[12:27] {Threei} they really have tools to tighten, why not\

[12:27] {Threei} they assign rate

[12:28] {Threei} and it's really a matter of timing

[12:28] {Threei} what I do question is:

[12:28] {Threei} 1. whether they have good sense of timing

[12:28] {Threei} 2. whether good timing on this is even possible

[12:29] {Threei} and 3. whenever they do it, what kind of consequences it is going to have

[12:29] {Les} spy at low of day

[12:30] {Threei} it all would be fine if economy really recovered, became scorching hot and rate hikes would become possible and easily tolerated

[12:30] {Threei} as it is, major danger is that they might find themselves being forced to hike rates

[12:30] {Threei} befofe economy is strong enough to handle it

[12:30] {nemo} yeah, depending on auction results

[12:31] {Threei} Preview Treasury's $25B 10-year note auction results due out just after 1PM ET

[12:31] {Threei} - $2B increase from the Aug auction

[12:31] {Threei} - Aug bid-to-cover ratio 2.48 with an average of 2.39 over the last 3 auctions

[12:31] {Threei} - indirect bidders took 45.7% of competitive bids at last auction with 20.9% alloted at the high

[12:31] {Threei} - the when issued yield is trading roughly in line with cash market at 3.46%

[12:31] {nemo} that's funny...I mention auction and you come up with that

[12:32] {Threei} this preview is usually posted 30 min before

[12:32] {Threei} so you just mentioned it in time

[12:32] {Threei} but these auctions is a mystery to me

[12:32] {nemo} the synchronicity

[12:32] {Threei} hey, two syllable words please

[12:33] {Threei} fire

[12:33] {Threei} deer

[12:33] {nemo} co-in-ci-dence

[12:33] {Threei} tree

[12:33] {nemo} rock

[12:33] {nemo} scotch

[12:33] {Threei} yup

[12:33] {Threei} you are getting it

[12:33] {Les} setup

[12:33] {Les} please

[12:33] {BillyD} lol

[12:34] {dino} lol blast month (10-30) treas. sec geither awarded penn national bank of chicago (obama town)w/$50m in tax credits to encourage investment in poor communities, hours later it was seized by fdic and given to us bancorp

[12:34] {Threei} Short Setup: GLD .80 break

[12:34] {dino} last

[12:34] {Threei} seriously dino??

[12:34] {dino} yes, street.com

[12:34] {strider} sttop?

[12:35] {Threei} above .90

[12:35] {nemo} invaludimated

[12:35] {strider} you mean that .90?:)

[12:35] {Threei} so Timmy didn't know FDIC was circling the bank?

[12:36] {dino} nope, seems blair decided not to mention it

[12:36] {nemo} I know you HATE zerohedge, but see their article on the FED trading desk?

[12:36] {Threei} way to manahe communications in the government

[12:36] {Threei} no, and not interested

[12:36] {nemo} actually, I like the move

[12:37] {Threei} they take too much freedom with truth

[12:37] {Threei} andf I don't HATE them, too much honor

[12:37] {Threei} I don't consider them credible

[12:37] {nemo} alright, indifferent

[12:37] {Threei} and I see the agenda clearly

[12:38] {nemo} I can see clearly now the rain is gone....

[12:38] {strider} GLD setup again?

[12:38] {Threei} guy thrown out of Wall Street for insider trading start anonymous website trying to blame Wall Street?

[12:38] {Threei} yes - if you are OK with .95 stop

[12:39] {strider} k

[12:39] {strider} are you taking it?

[12:39] {Les} $USD looks like it wants to make a break for it. Little steam train that thinks it can

[12:40] {Les} can't see GLD being good to go until Uncle buck gives the word, no?

[12:40] {Threei} I will, if it's not going over .90 anymore

[12:40] {Threei} and with stop above .90, as planned origianlly

[12:40] {Les} k

[12:40] {dino} uncle buck, lol

[12:41] {strider} Vad where will you set your entry price if it triggers?

[12:41] {Threei} .77

[12:41] {dino} short?

[12:41] {Threei} yes

[12:41] {dino} ok

[12:41] {dino} cf bit of blood

[12:41] {Threei} trigger is .90 break

[12:41] {Threei} chasing down to .77

[12:42] {strider} then as soon as you see one print at .79, you hit it?

[12:42] {Threei} right

[12:43] {strider} trigger is .90 break = ..80

[12:43] {Threei} ?

[12:43] {strider} you said trigger is .90 break.

[12:43] {Threei} oh

[12:44] {Threei} .80 of course, sorry

[12:44] {strider} in .78

[12:44] {nemo} damn, jumped my .79

[12:45] {Les} same here

[12:50] {Les} Reason Vad became independent trader and coach :) http://www.youtube.com/watch?v=RmgcbIyajQA&feature=player_embedded

[12:50] {Les} Is that you in the vid Vad?

[12:50] {Threei} do I dare to look

[12:50] {nemo} I'll let you know

[12:50] {Les} :D

[12:51] {nemo} weird

[12:51] {BillyD} roflol

[12:51] {nemo} yeah, wtf vad...go ahead...inocuous

[12:51] {Threei} oh, that's me teaching

[12:51] {nemo} oh sorry...too many syllables

[12:51] {Les} lol

[12:52] {Les} so I best not show up to the Bahamas?

[12:52] {BillyD} that was Vad saying: do you want me to make the trade for you to

[12:52] {nemo} you'd probably make good chum, Les

[12:52] {Threei} sound is low quality, you ca't hear the narration: will you ever keep your stops??

[12:53] {larisa} lol LES

[12:53] {dino} nat to b/e will not go up

[12:53] {nemo} don't encourage him

[12:53] {dino} pike out +.30

[12:53] {nemo} LISTEN....

[12:54] {Threei} come on Les, it's fun

[12:54] {nemo} I'm Captain Obnoxious around here....and don't forget it!

[12:54] {Threei} market spike

[12:55] {Threei} no news that I see... probably repositining before the auction

[12:56] {Les} sorry for any offence given

[12:57] {Les} I painfully remember playing FOMC meeting. I assume auction time is no play zone as well?

[12:57] {nemo} wfc moving up

[12:57] {BillyD} Vad, you cover any GLD at .70?

[12:57] {Threei} auctions are less volatile

[12:57] {BillyD} I did half

[12:58] {Threei} .71 billy, didn't get .70

[12:58] {nemo} tlt and tbt tend' to move a bit Les

[13:00] {Les} IO is making new highs.

[13:01] {Threei} *TREASURY'S $25B 10-YEAR NOTE AUCTION DRAWS 3.47%; BID-TO-COVER RATIO: 2.81 V 2.49 PRIOR AND 2.43 OVER THE LAST 3 AUCTIONS

[13:01] {Threei} indirect bidders take 47.3% of competitive bids

[13:01] {Threei} - 82.49% alotted at the high

[13:01] {dino} demand is strong

[13:03] {Les} yet no market reaction. Are the machines trading each other today?

[13:03] {Les} 2 days light vol...

[13:03] {dino} y

[13:03] {nemo} jeez...aig trading by appointment

[13:04] {dino} wall at .oo ash

[13:04] {Threei} it usually does that rught before exploding

[13:07] {strider} Got a serious question, Vad, I need your comments.

[13:08] {strider} I'm having trouble with the 1:1 RISK/REWARD. I shorted GLD at .78.. covered at .92. Paid commission of .0075 each way. That's a cost of .155. My reward would have been .08 less .015, or .065. This is assuming covering at .70, which you've said in the past you would call 1:1, even with slippage on entry. Now, this isn't even 1:2 reward.

[13:09] {Threei} it tagged 1:1,

[13:09] {Threei} so why do you keep the stop at its original place?

[13:09] {Threei} we trail stop after 1:1 is hit

[13:10] {Threei} slippage is slippage, you can't incorporate it in your calculations of targets since charts do not account for it

[13:10] {Threei} simply keep it within reasonable, do not chase beyond that,

[13:10] {strider} So where do you move the stop for the GLD trade?

[13:10] {Threei} and decide from the get go what it is you are after

[13:11] {Threei} if it's a scalp, take it

[13:11] {Threei} if you partial, trail

[13:11] {Threei} if a stock tagged 1:1, you hjaven't covered for some reason

[13:11] {Threei} stop must be trailed anyway

[13:11] {Threei} chart has no idea whether you are out or still holding

[13:11] {strider} trail to where?

[13:11] {Threei} to above b/e

[13:12] {Threei} to below b/e if long

[13:12] {Threei} this is standard p[rocedure

[13:12] {Threei} .70 touched, stop to above .80

[13:12] {BillyD} Vad, slippage to.77 and stop at .90 is a .13 potential loss with a potential !:1 gain of .10.....is this more of a personal discretion trade for each trader?

[13:12] {Threei} pretty much

[13:13] {Threei} and if slippage is too big, simply skip the trade

[13:13] {strider} Did you get 1:1 of GLD?

[13:13] {strider} on

[13:13] {Threei} [12:58] {Threei} .71 billy, didn't get .70

[13:13] {BillyD} I thought maybe you saw a bit more in it to account for the initial slippage.....

[13:14] {strider} where did you have your exit price set?

[13:14] {nemo} 63.20 important for RIMM methinks

[13:14] {Threei} bid .70, didn't get it,

[13:14] {Threei} canceled after little bounce and hit .71 when it returned to it but market started upticking

[13:15] {dino} out ash .83 +.309

[13:15] {magoo} how low PCLN go vad iyo?

[13:15] {Threei} no idea

[13:18] {Les} $usd index looks like its coiling like a spring. symetric triangle on 5 min. chart? b/o or b/d possibly coming.

[13:23] {nemo} nice .05 range in aig

[13:23] {Threei} lol

[13:25] {dptl} .

[13:33] {Threei} getting a feeling market is about to do something?

[13:33] {larisa} no :)

[13:33] {Threei} I do

[13:33] {Threei} or I am

[13:34] {larisa} something is not good enough. ask your feeling for detalied info :)

[13:34] {Threei} ok

[13:34] {Threei} up

[13:35] {larisa} noooo :)

[13:35] {Threei} why not?

[13:35] {nemo} charts look "up"

[13:35] {Threei} RIMM looks breaky

[13:36] {Threei} AIG starts worming its way up

[13:36] {nemo} 63.20 was important

[13:36] {dino} feels up

[13:37] {larisa} guys and their feelings..

[13:37] {larisa} -70 ending

06[13:37] * nemo slaps larisa around a bit with a large feather

[13:37] {Threei} +30

[13:37] {Threei} Long Setup: RIMM .50 break

[13:38] {Threei} late

[13:38] {nemo} yep

[13:38] {Threei} broke just when I typed

[13:38] {Threei} let's wait for pullbackl

[13:38] {Threei} yeah right RIMM says

[13:39] {BillyD} near .50?

[13:39] {Threei} yeah, with stop under .40

[13:39] {Threei} watch market for guidance

[13:41] {BillyD} tough to enter w/ mkt red bars

[13:41] {Threei} yeah

[13:44] {Threei} seems to be aiming for 64

[13:47] {strider} do you still see Rimm as a buy, or is the move over.?

[13:47] {dino} iusa

[13:47] {dino} strange

[13:47] {Threei} seems full of life to me, just don't want to go against the market...

[13:47] {Threei} tough to time

[13:51] {Threei} dino, on IUSA

[13:51] {Threei} 1:48:02 PM

[13:51] {Threei} infoUSA Inc Reportedly has attracted bidders for the company - unconfirmed report

[13:51] {Threei} - bidders reportedly include Dun & Bradstreet; Acxiom and Carlyle group

[13:51] {Threei} - Note: On 11/1 CEO Fairfield declined to comment specifically on the article speculating on whether the company was for sale, but said continually evaluating operations and prospects; CEO continued that as we announced on December 22, 2008, the Companys independent directors retained Evercore Partners as independent financial advisor to assist the Company in determining what would be in the best interests of all shareholders, and that process continues.

[13:53] {Threei} 64 on the nose

[13:57] {Threei} here is AIG spike out of nowhere

[13:57] {nemo} yeah

[13:57] {Threei} US Senator Dodd: Hoping to confirm Fed Chairman Bernanke for second term before Christmas

[14:01] {Threei} Market Internals update at 2:00pmET

[14:01] {Threei} - NYSE volume 610M shares, about 14% below its three-month average; decliners lead advancers by 2.7:1.

[14:01] {Threei} - NASDAQ volume 1.31B shares, about 10% below its three-month average; decliners lead advancers by 2.4:1.

[14:01] {Threei} - VIX index +1% to just over 23.00

[14:09] {BillyD} ..

[14:11] {Threei} BIOS

[14:12] {Threei} remember swing trade call?

[14:12] {Threei} who am I talking too... Alzheimer Galore

[14:12] {nemo} it was mentioned yesterday in the room

[14:13] {Threei} wow, really?

[14:13] {Threei} you mean...

[14:13] {Threei} yuou mwan...

[14:13] {nemo} I'm not kidding

[14:13] {Threei} you mean... someone's paying attention?

[14:13] {nemo} Vad, you alright? Wake up? Come to man!

[14:14] {Threei} I need something strong

[14:14] {Threei} 96% acogol will do

[14:14] {Threei} alcohol too

[14:16] {larisa} fern remembers your swing calls :)

[14:16] {dino} in all fairness, vad you weren't here, so we paid attention

[14:16] {larisa} lol

06[14:16] * Threei starts a new list: People who pay attention to me, and puts fern on top

[14:17] {dino} as for alcohol, funny, i was just walking up the street thinking about having a few beers tonight

[14:17] {Threei} I really needed some yesterday

[14:18] {Threei} but allowed myself some only around 8 pm, when things started working

[14:19] {nemo} 8 your time or mine

[14:20] {Threei} mine... why would I go of your time

[14:20] {nemo} you could drink earlier

[14:21] {nemo} Always my excuse when I drink before noon...it's after lunch somewhere

[14:21] {Threei} makes sense

[14:21] {nemo} which should scare you

[14:22] {Threei} Most Americans Favor Big-Screen TVs Over Energy Conservation

[14:22] {Threei} okay...

[14:23] {nemo} all's right with the world

[14:23] {Threei} yeah, I would seriously worry about nation mental health if it were other way around

[14:23] {dino} good to see that

[14:24] {strider} But think of all that energy you're saving while sitting on the couch watchin g the big screen TV

[14:24] {Threei} yes, I am a well known fighter against entrophy

[14:25] {dino} strider has a point, one form of energy for another

[14:25] {nemo} is that entropy or atrophy Vad?

[14:26] {Threei} entropy

[14:26] {nemo} what's that got to do with sitting in front of a tv?

[14:26] {Threei} huh?

[14:27] {Threei} any movement increases the anount of entropy in Universe

[14:27] {nemo} oh

[14:27] {Threei} thermodynamics 101

06[14:27] * strider slaps nemo around a bit with a large cardboard cutout of Carl Sagan

[14:27] {nemo} I'm going to have to keep the bottle in my desk

[14:27] {nemo} Sagan was a pothead

[14:27] {dino} butterfly effect

[14:28] {dino} nat flat out

[14:28] {strider} not that there's anything wrong with that.

[14:28] {BillyD} Vad, you watch Fedora fight the other night

[14:29] {Threei} what's that?

[14:29] {strider} hat fighting

[14:29] {BillyD} A Russian UFC type fighter

[14:29] {Threei} no

[14:29] {BillyD} the best heavyweight in the world

[14:30] {BillyD} amazing fighter

[14:30] {dino} those ufc guys are nuts

[14:30] {BillyD} yeah

[14:30] {Threei} I prefer good old gun

[14:31] {nemo} tough guys, but all the rules limit technique

[14:31] {nemo} then again, can't have deaths on cable

[14:31] {Threei} and nemo... your homework for tomorrow:

[14:31] {Threei} http://en.wikipedia.org/wiki/Entropy#Entropy_in_quantum_mechanics_.28von_Neumann_entropy.29

[14:31] {Threei} http://en.wikipedia.org/wiki/Entropy#Entropy_in_chemical_thermodynamics

[14:32] {Threei} and no dogs anywhere near homework, okay?

[14:32] {Threei} anyone managed to find RIMM entry?

[14:32] {dino} esc lod

[14:33] {Threei} one of those cases I hate... got a read on direction and rough targets and never found an entry

[14:33] {Threei} then thing goes just as I thought and hits my target

[14:33] {Threei} and I am still there, on a platform

[14:33] {BillyD} lol

[14:34] {Les} spy touching green so new opportunity hopefully coming

[14:34] {strider} Trying out flyonthewall. As best I can tell, they post up/downgrades exactly 9 minutes after the insiders get the info.

[14:35] {magoo} ok..i have apptmt..gotta go..c u tomorrow..ty everyone

[14:35] {Threei} take care mags

[14:35] {Les} bye

[14:35] {Threei} strider, you tried TTN?

[14:35] {BillyD} magoo...looking for new trading office?

[14:35] {strider} don't want to pay for it right now.......

[14:35] {Threei} is fly free?

[14:36] {strider} 25/month

[14:36] {Threei} I don't remember how much TTN text only

[14:36] {Threei} anyone knows?

[14:36] {strider} 50, I THINK.

[14:36] {strider} I looked at it.

[14:37] {Les} dollar chose down

[14:37] {Threei} ok

[14:37] {fernp} fly is $25 montly

[14:37] {dino} well hope the door doesn't hit him in the azz when he leaves

[14:38] {strider} I hate Jim Cramer

[14:38] {Threei} who?

[14:38] {dino} magoo

[14:38] {Threei} lol

[14:38] {strider} Idiot on CNBC...a clown that has an aftermarket show.

[14:39] {Threei} nothing like brotherly love

[14:39] {BillyD} roflol

[14:39] {dino} the atlas is going to shrug

[14:39] {strider} Cramer=Motley Fool on speed.

[14:39] {Threei} you managed to finish it yet dino?

[14:40] {dino} about half way

[14:41] {dino} reardon's mill accident

[14:41] {Threei} sorry... I know it's enormous :)

[14:41] {dino} i like it

[14:41] {Threei} good

[14:41] {dino} did you read fountainhead?

[14:41] {nemo} yep

[14:41] {Threei} I like it as philosophy manifesto

[14:41] {Threei} as far as god riting goes it's not

[14:41] {dino} is it just as good?

[14:41] {Threei} good

[14:42] {Threei} it's shorter

[14:42] {Threei} lol

[14:42] {dino} the writings fine, really thows alot of what is going on today at you

[14:42] {Threei} oh, some similarities are stuning

[14:43] {dino} indeed

[14:45] {dino} i'm showing my age on it tho, had to buy pair of +1 reading glasses. the paperback type is small

[14:45] {Threei} heh... 1.25 here

[14:46] {Threei} I'd put it this way dino:

[14:46] {nemo} not quite there yet

[14:46] {Threei} both, fountainhead and atlas are based on the same philosophy, objectivism,

[14:46] {Threei} but atlas takes it more to a society level

[14:46] {nemo} as well as anthem

[14:46] {Threei} while fountainhead keeps it more to a personal level

[14:47] {nemo} Fountainhead focused on individuals

[14:47] {Threei} that's what I just said

[14:47] {dino} i will order it

[14:47] {Threei} fountainhead was first

[14:47] {Threei} and made her writing career

[14:47] {nemo} where each represents each constituent of the philosophy

[14:48] {Les} how interesting. hadn't heard of American dystopian fiction until you mentioned Ayn Rand.

[14:48] {Threei} and IMO as far as oure writing goes, Fountainhead is better

[14:48] {nemo} there's plenty of it Les

[14:48] {dino} good, looking forward to it

[14:48] {Les} I'm familiar with Huxley and Welles, but they are british

[14:49] {Threei} Orwell?

[14:50] {Les} him too :)

[14:50] {Les} sorry typo

[15:02] {larisa} wow AMZN, just noticed

[15:02] {Threei} yeah

[15:03] {fernp} Have a good evening everybody. see you all tomorrow.

[15:03] {nemo} nite fern

[15:03] {Threei} take care fern

[15:04] {dino} cya fern

[15:04] {Les} gn fern

[15:04] {Les} volume returning to aig

[15:09] {BillyD} BEXP strong

[15:10] {Threei} looks so tempting for a break

[15:10] {BillyD} yes

[15:11] {strider} long BEXP .09 hl

[15:11] {nemo} $ just jumpe

[15:12] {strider} stop below 11

[15:12] {Threei} strange entry strider

[15:12] {Threei} not here nor there

[15:12] {Threei} not a break yet,

[15:13] {Threei} but way too high for aggressive entry

[15:13] {Threei} the only reason for this kind would be to prevent missing it in case it breaks fast

[15:13] {Threei} but it's not BEXP personality

[15:14] {Les} rimm

[15:23] {Threei} SBUX CEO: Via instant coffee is not cannabilizing core business; is exceeding forecast; SBUX is done closing stores - CNBC

[15:25] {strider} move stop to .04 BEXP

[15:28] {dino} gj

[15:29] {Threei} yeah, this trailing I like

[15:30] {Threei} done according to what chart says

[15:30] {strider} thx

[15:31] {strider} Man,I hate these molasses trades,, but I'm gettin squashed on some of your super-fast stocks.

[15:32] {strider} I' sure I'll get better...but having problems with execution, mostly stop loss exits.

[15:33] {strider} I don't remember it being so tough when I was in the room 6 years ago...course I was 6 years younger then.

[15:33] {Threei} actually, executions wise it became way easier

[15:33] {nemo} different market

[15:33] {Threei} no thinking involved in executions anymore

[15:34] {strider} No, it's just manipulating the L2 screen....volume and price.

[15:34] {Threei} I guess you are simply out of shape... give it a month or two

[15:34] {Threei} it will become automatic

[15:34] {Threei} click on price, click button

[15:34] {Threei} simple as that

[15:35] {strider} No. It's not, vad. You don't know how complex the swhole thing is,,,you've been doing it too long.

[15:35] {Threei} hehe

[15:35] {Threei} if it's complex, you are doing something wrong

[15:35] {strider} Have to be ready to exist at either profit or loss. Partialling out. Lots of options to be ready for.

[15:35] {strider} exit

[15:36] {Threei} wait

[15:36] {Threei} you ARE overcomplicating it

[15:36] {Threei} it approaches your exit price, click on level 2 on your target

[15:36] {Threei} hover over sell

[15:36] {Threei} click as it's there

[15:37] {Threei} or lay it out in advance

[15:37] {Threei} that's it

[15:37] {strider} That's what you have to do...lay it out in advance. but then you also have to be ready to do a loss sell as well. and often, the volume price has to be changed, cause you're getting ready to partial out on the profit side.

[15:38] {Threei} so, while stock iks moving, click on arrow to get size down to half and lay it out

[15:38] {Threei} if it reversed on you too soon and went to a stop, just click sell

[15:39] {strider} have to change volume there.

[15:39] {Threei} no

[15:39] {Threei} faster to click twice

[15:40] {strider} I'm not partialling half most of the time. Less than that.

[15:40] {Threei} do you have two level 2s?

[15:40] {strider} yes

[15:40] {Threei} put a stock on both,

[15:40] {Threei} partial on one for sell at profit,

[15:41] {strider} sometimes they're both in use. As in this morning first thing.

[15:41] {Threei} full position at another for sell at loss

[15:41] {Threei} OK, I exhausted my versions :)

[15:41] {strider} :)

[15:42] {larisa} I say do not partial until you are more confident

[15:42] {Threei} I was just thinking that

[15:42] {Threei} but he finds a flaw with anything I suggest... so shinked back :)

[15:42] {Threei} shrinked too

[15:42] {larisa} lol

[15:43] {strider} I'll get better at it.

[15:43] {Threei} just try not to

[15:44] {Threei} you were +70 larisa? or +30?

[15:44] {larisa} I was -70. you were +30

[15:44] {Threei} right

[15:44] {strider} Vad, do you think you're system is profitable without partialling?

[15:44] {larisa} {--- honest here

[15:44] {Threei} Alzheimer...

[15:45] {Threei} I don't think... I know

[15:45] {strider} stopped , by the way

[15:45] {strider} Good. I just can't see that from here. I started at a bad time in the market.

[15:46] {Threei} let's distinguish system and one's particular execution

[15:47] {strider} Sure. I was asking about the potential for your system, without the advantage of partialling.

[15:47] {strider} I know that my execution skills are costing me money.

[15:49] {strider} Wasn't criticizing your system...only asking if partialling were a necessary part of it.

[15:50] {Threei} they are always discretionary

[15:50] {strider} k

[15:50] {Threei} I can't tell anyone to scalp or day trade

[15:50] {Threei} if you noticed, I make the distinction when call for both

[15:50] {Threei} as in:

[15:50] {strider} sure

[15:50] {Threei} for scalpers stop is this,

[15:51] {Threei} for day traders this

[15:51] {Threei} etc

[15:51] {Threei} but it's up to everyone to decide who s/he is

[15:55] {BillyD} on that note, I will call it a day...thx Vad

[15:55] {BillyD} lol

[15:55] {Threei} thank you all

[15:55] {larisa} bye all

[15:55] {dino} take care you guys

[15:55] {Threei} have a good evening, see you tomorrow

[15:55] {nemo} take it any way i can get it