Feb 12 2010

Most of the day was boring as traders were not ready to commit in advance of long weekend. As it's often the case on such days, we had enormous number of invalidated trades - those that don't trigger a setup. Highlights of the day were finishing swing trade on CY $11 break from yesterday for a nice gain and cool NTES short into good news; look the details at http://caracommunity.com/content/bill-cara%E2%80%99s-blog-february-12-2010#comment-57277. Nice to finish the week with no single losing day.

Session Time: Fri Feb 12 00:00:00 2010

[08:22] {Les} what's with the rerun of yesterday's blog

[08:22] {nemo} ?

[08:23] {Les} the chat of the closing minutes from yesterday are still present

[08:23] {Les} GM

06[08:23] * nemo slaps Les around a bit with a large trout

[08:24] {Les} relax man, its friday

06[08:24] * nemo slaps Les around a bit with a large trout

[08:24] {Les} :P

[08:36] {strider} out TM from yesterday, +.92

[08:36] {nemo} swm up 3

[08:38] {nemo} saw something interesting on SWM yesterday...run a fibonacci retracement from the high just before the drop to the low

[08:41] {Les} nice one strider

[08:42] {Les} fibonacci what?

[08:42] {nemo} retracement

[08:43] {Les} whatever. where's vad, he out of bed yet?

[08:43] {strider} that's when you lie about eating the last of the nachos.

[08:43] {nemo} yeah...he just doesn't want to talk to you

06[08:43] * nemo slaps strider around a bit with a large trout

[08:43] {strider} thanks, les.

06[08:45] * strider slaps nemo around a bit with a large coupon book for discounts at the fish market.

[08:47] {Les} haha good one

[08:50] {nemo} oh yeah...nice

[08:53] {dino} gm all

[08:53] {nemo} rimm going cat today

[08:53] {dino} gj strider

[08:54] {dino} so nemo, on your fib what did you get?

[08:55] {nemo} once the bottom was in, it pivoted aroud the 23.6 retracement

[08:55] {strider} thanks, dino.

[08:56] {dino} np

[08:56] {strider} AMZN flirting with huge gap on daily.

[08:56] {nemo} another interesting thing, never quite made it back to the vwap

[08:56] {dino} nemo, a # please (like pulling teeth)

[08:57] {nemo} vwap is a trend line

[08:57] {nemo} just under 48 is the 23.6 retracement

[08:57] {dino} ty

[08:58] {nemo} oh another interesting thing...this morning's high corresponded with the 38.2 retracement

06[08:58] * strider slaps nemo around a bit with a large book of Techniques of Tape Reading

[08:58] {nemo} Anyway...ignoring the hillbilly

[08:58] {strider} my mistake....wrong weapon.

[08:58] {Threei} (US) PIMCO's El-Erian: US is not comparable with Greece; outsiders need to come in to oversee Greece financial management - CNBC

[08:58] {Threei} - Notes the US has elements that are like Greece.

[08:58] {Threei} - PIMCO is underweight US mortgages.

[08:58] {Threei} - Looking at Canadian bonds.

[08:58] {Threei} - Believes that the sooner the EU bring in the IMF as a coordinator for the Greek situation, the better it is for Europe.

[08:58] {nemo} yep...rimm going cat

[08:59] {nemo} Just thinking...knowing that's dangerous

[08:59] {dino} bweld blood

[08:59] {dino} bwld

[09:00] {dino} cml, ir too

[09:01] {dino} htgc

[09:07] {fernp} Good morning everybody

[09:08] {strider} fern:)

[09:08] {Threei} fern :)

[09:19] {Threei} Yamaha Motor Plans to transfer ATV production to US from Japan, expects to complete transfer by 2013

[09:19] {Threei} not something tradeable but I din't think we see moving production TO USA all too often

[09:21] {strider} My current job is assisting a small furniture company in moving production back to US from China......

[09:21] {dino} swm gave it back

[09:21] {Threei} SWM Goldman Sachs Cuts SWM to Neutral from Buy

[09:21] {Threei} - Removed from Americas Conviction Buy List

[09:22] {Threei} hopwefully it's a new trend and not just an isolated case

[09:23] {strider} There are lots of companies wanting to do that (furniture). They put up with a lot of crap in return for low prices from China.

[09:23] {dino} value added research, thank goldman, sheesh

[09:23] {Threei} lol dino

[09:26] {larisa} gm :)

[09:27] {Threei} larisa :)

[09:27] {larisa} vad :)

[09:27] {nemo} lari :)

[09:28] {larisa} nemo :)

[09:29] {lasertrev} morning

[09:29] {Threei} trev :)

[09:30] {billyc} gm all happy Friday

[09:30] {Threei} Short Setup: WFC .75 break of stays under .85

[09:31] {Threei} billy :)

[09:32] {dino} nile

[09:32] {Threei} invalidated, looking for aggessive entry instead

[09:35] {Les} fitb southbound

[09:35] {nemo} Allman Brothers

[09:35] {Threei} DNDN

[09:37] {Threei} WFC didn't gave much indication

[09:37] {Les} jumped straight over my .99 trigger

[09:38] {strider} scaalped .02 to .92

[09:39] {Threei} grrr

[09:40] {Threei} hate it... right iodea, no poractical implementation

[09:40] {Les} s fitb .58

[09:40] {Threei} (US) Preview: Feb Preliminary University of Michigan Confidence due out at 09:55ET

[09:40] {Threei} **consensus expectation: 75.0e v 74.4 prior (estimates range between 70 to 78)

[09:40] {Threei} **note: the Jan Final reading of 74.4 was the highest reading since Jan 2008.

[09:42] {Threei} bounce scalp play WFC, .64 long if holding above .55

[09:43] {ese} morning...... sorry i'm late

[09:43] {Threei} ese :)

[09:43] {ese} nemo you filthy stinking rich yet?

[09:43] {nemo} detention for you

[09:43] {nemo} no

[09:44] {Les} 4 trades already this morning ese, all big winners!!!!!

[09:44] {ese} right on!!!! you or nemo?

[09:44] {Les} :D trust me

[09:44] {dino} htgc sm l .25

[09:44] {ese} ahhhhhhhhhh

[09:45] {Threei} invakidated

[09:45] {nemo} greek?

[09:45] {Les} vad's getting ready to invest in greek markets

[09:45] {dino} gj

[09:46] {nemo} aig went momo

[09:49] {Threei} Long Setup: CGNX .95 break half lot

[09:49] {dino} cml sm l .72

[09:49] {nemo} dino stock

[09:49] {Threei} if holding above .80

[09:50] {dino} news cgnx?

[09:50] {Threei} earnings

[09:50] {Threei} beat them to a pulp

[09:50] {larisa} 50k volume? one trade for ese :)

[09:50] {dino} ahh

[09:50] {Threei} lol

[09:51] {strider} short WFC .54

[09:52] {ese} hey laris....what am i lookin at

[09:53] {ese} ws looking at hitting atpg for 5k

[09:53] {larisa} :)

[09:53] {ese} but realized too risky

[09:53] {ese} not enough volume to handle it

[09:53] {Threei} better wait for pullback on that one

[09:54] {Threei} 70 cents straight up

[09:54] {ese} definitely

[09:54] {ese} ya

[09:54] {Threei} there you go

[09:54] {billyc} thanks for cml dino

[09:55] {ese} started looking at it .60/.70 no place to get in

[09:55] {Threei} US) FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.7 V 75.0E

[09:55] {Threei} .40 break was the only valid trade

[09:55] {strider} stop WFC

[09:55] {Threei} ever since then, no setup

[09:56] {dino} this crazy market wants to fill the open gaps, gut talk

[09:56] {ese} cake same thing

[09:56] {Les} took fitb to fill hole made by wfc. finnies indecisive

[09:56] {dino} out htgc .79, +.54

[09:56] {Threei} US) Preview: Dec Business Inventories due out at 10:00ET

[09:56] {Threei} **consensus expectation: 0.2%e v 0.4% prior

[09:57] {ese} lots to choose from but no place to get in

[09:59] {Threei} Long Setup: TM .50 break half lot

[10:00] {Threei} *(US) DEC BUSINESS INVENTORIES: -0.2% V 0.2%E

[10:00] {nemo} invalidate vad?

[10:00] {Threei} yeah

[10:00] {Threei} is it because of long weekend ahead?

[10:01] {Threei} everything gets invalidated

[10:01] {Les} really no market monday?

[10:01] {nemo} I saw two setups there

[10:01] {Threei} come on CGNX, take that 19

[10:01] {Threei} no Les

[10:01] {nemo} long on volume break above .50 or short on the DT declining volume

[10:01] {Threei} ese, make sure you don't try to trade on Monday :)

[10:02] {Threei} we canucks are not very aware of their strange holidays :)

[10:03] {Les} NTGR trying to reclaim lost ground

[10:04] {Threei} no go

[10:04] {ese} ok....will do

[10:04] {fernp} yes, stopped

[10:04] {Les} finnies testing support. wfc fitb

[10:08] {nemo} so, markets gaveth yesterday and took away today

[10:08] {Threei} I am still in bear camp

[10:08] {Threei} overall I mean

[10:08] {Les} yeh, so I see a gap down opening and a wandering rudderless market

[10:09] {Les} won't be sucked in today

[10:09] {Threei} IMO, uptrend is broken

[10:09] {ese} L leap .80

[10:09] {Threei} Philadelphia Fed Survey: US Economy to grow at 2.7% annual rate over next 5 quarters

[10:10] {Threei} - Sees unemployment at 9.8% in 2010, 9.2% in 2011, 8.3% in 2010, 7.3% in 2013

[10:10] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET

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

[10:10] {Threei} Crude: +1.4Me

[10:10] {Threei} Gasoline: +200Ke

[10:10] {Threei} Distillate: -1.7Me

[10:11] {nemo} that should drive up the price of oil

[10:13] {dino} ups sm l .00

[10:14] {fernp} ERTS holding on highs

[10:14] {fernp} ERTS any read, Vad?

[10:14] {Les} ntgr failed to break resistance.

[10:15] {Threei} hard to tell fern

[10:15] {fernp} ok ty

[10:15] {ese} out leap .84 +.04

[10:16] {nemo} yep, rimm gone cat

[10:17] {ese} ok i'll come clean.........i didn't know that i had bought that one.......had it cued up but thought that i nixed it....pressed the wrong button.......bull chit luck

[10:18] {nemo} Qs at the 200 ma

[10:19] {dino} been there

[10:20] {nemo} rimm motorized salmon

[10:21] {Threei} lol

[10:23] {dino} bgc sm l .60

[10:23] {dino} too soon

[10:25] {dino} stopped -.31

[10:25] {nemo} quicky

[10:25] {dino} retest coming imop

[10:25] {dino} imo]

[10:25] {dino} imo

[10:25] {nemo} vad jr

[10:26] {dino} darn

[10:27] {nemo} got a bit lower to go

[10:28] {nemo} too funny just did the fib thing again, popped up to the 23.9 level ($25) then backed off

[10:28] {nemo} 23.6 level

[10:30] {nemo} market working against bgc today though, unlike yesterday for swm

[10:32] {nemo} 24.22 bottom support, that hammer candle was the wile. e. coyote moment

[10:32] {dino} acme products

[10:32] {nemo} no BGC :)

[10:32] {nemo} I miss those cartoons

[10:32] {nemo} where's my teddy

[10:32] {nemo} bear that is

[10:33] {nemo} now we'll see

[10:33] {dino} bgc get ready

[10:33] {nemo} yep

[10:33] {dino} sm l .16

[10:34] {nemo} ballsy

[10:34] {Threei} what slim pickings today

[10:34] {nemo} in .20

[10:34] {nemo} small

[10:34] {dino} boone pickens i think

[10:35] {Threei} lol

[10:35] {dino} strider, you watching survivor?

[10:35] {nemo} wath the frickin stock

[10:35] {dino} out .60

[10:35] {Threei} nice one

[10:35] {dino} +.44

[10:36] {dino} thx

[10:36] {nemo} ty

[10:36] {dino} you out ?

[10:36] {nemo} yes .58

[10:36] {dino} gj

[10:36] {nemo} look for C&H break on this

[10:37] {nemo} should hold .35

[10:38] {nemo} oops

[10:38] {Threei} Market Internals update at 10:30amET

[10:38] {Threei} - NYSE volume 220M shares, about 11% below its three-month average; decliners lead advancers by 4.5:1.

[10:38] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.

[10:38] {Threei} - VIX index +5.3% to just over 25.00

[10:38] {nemo} brb

[10:39] {dino} reload?

[10:39] {Threei} Short Setup: AIG .15

[10:39] {Threei} if stays under .25 for scalpers, .30 for day traders

[10:40] {nemo} dino, it's back to support

[10:40] {Threei} invalidated

[10:40] {ese} beee zaaar....ya think it's going up then ya think it's goin dn then ya think it's goin up etc etc

[10:41] {Threei} this is what 3rd or 4th invalidation today?

[10:41] {nemo} yes..go home

[10:41] {nemo} but hold on, your validations have come right back after shake

[10:41] {nemo} out

[10:42] {Threei} so, let's define initial setup, then look for entry after invalidation

[10:42] {nemo} yeah,

[10:42] {Threei} invalidation of invalidation so to speak

[10:42] {Threei} that's a mouthful

[10:42] {nemo} .20 major support yesterday close

[10:43] {nemo} ohh, except for the spike, staying under the bb ma

[10:43] {nemo} right at 200

[10:44] {ese} L leap .80 this time i did it

[10:44] {Threei} you mean consciously :)

[10:45] {nemo} wow those bb's getting tight

[10:45] {Threei} on what nemo?

[10:45] {nemo} aig

[10:45] {Threei} oh yes

[10:45] {ese} yes

[10:45] {Threei} well... .20 - .30 is new range

[10:45] {ese} small though

[10:46] {nemo} yeah tight box

[10:46] {nemo} :)

[10:46] {Threei} so... lwet's modify it

[10:46] {Threei} Short Setup: AIG .20 break

[10:46] {Threei} if stays under .30

[10:46] {nemo} long if over

[10:46] {nemo} ?

[10:46] {Threei} not by me

[10:46] {nemo} o.k.

[10:46] {nemo} hehehehe

[10:46] {Threei} invalidated again

[10:47] {Threei} lol

[10:47] {Threei} whatever

[10:47] {Threei} where are those other worlds

[10:47] {nemo} too funy

[10:47] {nemo} with the tight bb's whichever way it broke was probably going to work

[10:48] {nemo} possible long if it holds above .30 and volume going over .42?

[10:50] {dino} bgc sm l .15

[10:51] {Threei} can't tell nemo, it doesn't trade on its own it seems

[10:51] {Threei} simply follow every whim of the market

[10:51] {dino} gut still says mkts fill open gap, then drop again

[10:51] {nemo} .40 old resistance, and looking for C&H

[10:51] {dino} too much green flashing

[10:57] {dino} cml stopped -.32

[10:57] {fernp} MET 34.10 break, Vad?

[10:58] {Threei} worth a try... not a stellar trade but more or less OKJ

[10:59] {fernp} ty

[11:00] {Threei} DOE CRUDE: +2.4M V +1.4ME

[11:00] {Threei} GASOLINE: +2.3M V +200KE; DISTILLATE: -355K V -1.7ME; CAPACITY UTILIZATION: 79.1% V 77.8%E

[11:00] {nemo} oil should skyrocket

[11:01] {nemo} wow, it's actually doing what a "normal" correlation would predict...weird

[11:02] {Threei} I don't get it nemo

[11:02] {nemo} what

[11:02] {Threei} more oil in storage than estimated

[11:02] {nemo} yep

[11:02] {Threei} how do you translate it itno should spike?

[11:02] {nemo} because, it's been spiking every time we get those kinda' readings

[11:03] {Threei} so it's not a normal correlation

[11:03] {Threei} it's against normal logic

[11:03] {nemo} hasn't been

[11:03] {nemo} has

[11:03] {Threei} whicbh is new normal

[11:04] {nemo} bgc not cooperating

[11:04] {Threei} MET is holding rather well fern

[11:06] {nemo} dino swm climbing the 200 with a downward trend line

[11:06] {dino} cml sm l .50

[11:07] {Les} bgc

[11:11] {fernp} WFC vad?

[11:11] {fernp} breakdown? and thanks for MET

[11:11] {Threei} sure

[11:11] {Threei} WFC does look breakdownish

[11:11] {Les} s bgc .09

[11:11] {Threei} it just never gave anything readable and working today

[11:11] {nemo} wow..ballsy les

[11:12] {fernp} .50 breakdown now is not a good pattern, Vad?

[11:12] {Threei} I like it

[11:12] {fernp} ty

[11:13] {Les} out .24 +.09

[11:13] {nemo} nice les

[11:13] {Les} at at 24

[11:13] {dino} gj

[11:13] {Les} big descending triangle with 50 ma pushing it down

[11:15] {Les} BGC be goooone

[11:16] {dino} bgc stopped -.26

[11:17] {nemo} swm...remember that 23.6 retracement -formed the pivot point of a triangle out of which swm brokeout at 10:30

[11:18] {dino} y

[11:18] {nemo} I'm swearing very loudly at the moment

[11:18] {fernp} CY again, Vad?

[11:19] {nemo} spy kissing the 200 ma

[11:19] {nemo} Qx forming resistance above its

[11:19] {Les} what charts are you using Nemo?

[11:19] {Threei} it's abiove 1:2 for a swing trade call from yesterday 1:2 for

[11:20] {Threei} I don't want it here as new day trade

[11:20] {nemo} what are you talking about 3i

[11:20] {Threei} [11:18] {fernp} CY again, Vad?

[11:20] {nemo} oh ty

[11:20] {nemo} on Laer charts Les

[11:20] {fernp} and for a scalp? .50 break with stop below .45? worth a try?

[11:21] {Les} ok just some differences with freestockcharts

[11:21] {dino} bwld sm l .50

[11:21] {Les} spy 200ma shown to be at .40

[11:21] {nemo} free...doesn't take into consideration premarket and post market

[11:22] {Les} can you take a screen shot of spy for the morning please?

[11:22] {nemo} and do what with it

[11:22] {Threei} can't tell fern

[11:22] {Threei} not delighted

[11:22] {fernp} ty

[11:22] {Les} I wanna see relationship between ticker and ma's on laser.

[11:24] {Les} where exactly is 200 ma on SPY on laser?

[11:25] {nemo} 107.10

[11:27] {Les} ok ty. that's some difference.

[11:27] {nemo} bgc following downward trendline from 10:15

[11:27] {nemo} really high volume here

[11:29] {Les} wow what's BGC's story? ugly daily

[11:31] {Threei} MET 1:2

[11:31] {Threei} nice climb

[11:32] {fernp} sold at 1:1 I know you know

[11:32] {Threei} lol

[11:33] {Threei} can;t blame you, things do not generally keep moving today

[11:37] {strider} short CY .47 stop .51

[11:42] {Threei} CYCC Hearing strength being attributed to speculation that they are meeting with buy/sell side firms next week

[11:44] {Threei} johan, you made it

[11:44] {Threei} welcome

[11:44] {_johan} finally yes

[11:44] {_johan} thanks

[11:44] {nemo} do I have to be nice?

[11:45] {fernp} nemooo

[11:45] {Threei} long journey, but successful :)

[11:45] {_johan} yes thank you

[11:45] {Threei} yes nemo... long weekend ahead, and system gave johan hard time

[11:45] {nemo} oh o.k.

[11:45] {_johan} and I am very interested in your trading room

[11:45] {Threei} so for a change be nice just for today

[11:45] {nemo} Tuesday he's toast

[11:45] {_johan} what i read about it it is oke

[11:45] {Threei} on Tuesday you can be your usual self

[11:46] {_johan} i will study in the week-end all your lessons

[11:46] {strider} hello johan.

[11:46] {Threei} good idea

[11:46] {Threei} we have a very very slow day today

[11:46] {strider} short HOG. 34, partial

[11:46] {_johan} hello strider

[11:46] {Threei} not much happens

[11:46] {_johan} yes i have expereince enough but it is goos to learn how you work

[11:47] {_johan} experience

[11:47] {_johan} i ,live in the Nwetherlands

[11:47] {_johan} Netherlands

[11:48] {Threei} wow, another Europiean

[11:48] {Threei} you guys will outnumber US_Canada soon :)

[11:48] {nemo} where in Niederland

[11:49] {_johan} Den Haag

[11:50] {_johan} it is here 17.50 now i must go for dinner

[11:50] {Threei} MET moved seriously beyong our expectations

[11:50] {nemo} Forgive my ignorance, but is that your office?

[11:50] {_johan} i will study all in the week-end and then start on monday

[11:50] {nemo} Tuesday Johan, markets closed here on Monday

[11:50] {Threei} I would with some doubt give it room for 1:2, but 1:3 is out of character

[11:51] {_johan} no thats where i live in the city Den Haag

[11:51] {_johan} also called the Haque

[11:51] {_johan} i trade from home

[11:51] {Threei} Johan, Monday is day off for US markets

[11:51] {nemo} yes, Capital is there,yes?

[11:51] {Threei} so, two things...

[11:51] {Threei} first, see you on Tuesday

[11:51] {_johan} oke

[11:52] {Threei} and second, your trial would be cut too short because of today's hassle and Monday being off,

[11:52] {_johan} it is oke

[11:52] {Threei} so ignore the automated e-mail that will tell you trial is over, and stay for two more days

[11:52] {_johan} if i like it i will subcribe soon

[11:52] {_johan} i am not the person who want to live from free trials

[11:52] {Threei} well, everyone is entitled to a week, so let's keep it fair

[11:52] {nemo} oil coming back

[11:53] {_johan} oke thanks but i will be fair to to you

[11:53] {_johan} have a nice week-end

[11:53] {Threei} you too

[11:53] {_johan} thanks bye for now

[11:54] {nemo} Dino, just had 3rd test of .75 in BGC

[11:55] {Threei} what are you guys looking for in there?

[11:55] {Threei} bounce or short?

[11:55] {dino} 3rd not liking, ice getting hit by hammer too much

[11:56] {nemo} volume is not indicating anything yet, might be an afterlunch or Tuesday

[11:56] {nemo} Vad, trying to figure if it's basing or setting up for a dbi

[11:56] {dino} i'll keep it on screen

[11:57] {dino} fdx close to lod

[11:59] {nemo} and, we're coming into lunchtime before a long-weekend

[12:00] {dino} fdx sm l .75

[12:01] {Threei} .75 - .90 is range I'd use on it now

[12:01] {nemo} BGC vad?

[12:01] {nemo} yeah

[12:01] {Threei} yeah

[12:01] {nemo} stop finishing my sentences

[12:01] {Threei} stop typoing faster than I do

[12:05] {Threei} there you go

[12:05] {Threei} 1:1 on .90 break

[12:07] {fernp} CY trying

[12:07] {strider} stopped HOG, stopped.

[12:07] {strider} not the most right I've ever been.

[12:08] {Les} 24 break on BGC?

[12:08] {strider} stopped CY

[12:08] {Threei} , no .90 was

[12:09] {fernp} out CY

[12:12] {dino} ndx green/gap filled, one down two to go

[12:13] {dino} out bwld .22, +.72

[12:15] {Threei} CY 1:3 for swing trade, and bumps into BB resistance on daily

[12:15] {dino} crm sm l .01

[12:15] {Threei} as far as I am concerned this trade is over for 60 cents

[12:15] {Threei} Market Internals update at 12:00pmET

[12:15] {Threei} - NYSE volume 380M shares, about 13% below its three-month average; decliners lead advancers by 3.1:1.

[12:15] {Threei} - NASDAQ volume 865M shares, about 7% below its three-month average; decliners lead advancers by 1.9:1.

[12:15] {Threei} - VIX index +3.4% to just under 25.00

[12:17] {dino} fdx out .31, +.56

[12:17] {Threei} wtg

[12:18] {dino} ty

[12:18] {Threei} Short Setup: BGC .75 break

[12:18] {Threei} if stays below .90

[12:20] {Threei} not a scalp

[12:27] {strider} did anyone else enter on that .54 print?

[12:28] {nemo} no

[12:28] {Threei} hmm?

[12:28] {dino} no

[12:28] {strider} printed .74 at 12:21

[12:29] {nemo} yes

[12:29] {Threei} lol, scared me by mistype .54

[12:30] {strider} sorry

[12:30] {Threei} level 2 bids never went away

[12:30] {Threei} someone has crap instead of broker, that's his headache

[12:31] {strider} well, great.

[12:31] {nemo} .75 is the bottom

[12:32] {Threei} RIMM sharp pullback

[12:36] {dino} crap is thru pot, mos i believe

[12:36] {nemo} ?

[12:37] {dino} ok s/p green and gap fill coming

[12:37] {dino} nemo, think fertilizer

[12:37] {nemo} yeah, bear trap

[12:38] {strider} Vad, is it your rule that the break point must be on the L2?

[12:38] {nemo} you don't know how many bids are at any given point because you can hide size of your orders

[12:38] {nemo} therefore prints don't mean anything

[12:38] {Threei} it's not a rule per se, it's just kind of common sense - out of bound prints do not matter much, they are created by someone's bad fill or late porint or erroneous print

[12:39] {Threei} thus they do not carry significance

[12:42] {Threei} RIMM{ bounce soon

[12:43] {Threei} want revisit closer to .50

[12:43] {dino} bgc sm l .00

[12:43] {nemo} 200 at .49

[12:44] {Threei} CVG Hearing Co. is in talks with Microsoft regarding a strategic relationship (timing uncertain)

[12:50] {dino} clm at the 50

[12:55] {dino} scanners all green

[13:00] {nemo} mmmhhh...long weekend...greece....down this afternoon?

[13:01] {larisa} yest +105? today -105 :)

[13:06] {dino} maybe so maybe so

[13:15] {Threei} sellers are back

[13:16] {Threei} (US) White House Press Sec: President Obama feels the Consumer Protection Agency is a 'great priority'

[13:16] {Threei} - Note: on 2/11, Senators Dodd (D) and Corker (R) reportedly agreed to shelve the Consumer Protection Agency legislation.

[13:17] {Threei} it can't be reason for sellof

[13:17] {nemo} no...long weekend, greece overhang

[13:17] {nemo} china tightening too

[13:17] {Threei} he can feel whatevfer he wants as far as markets are concerned

[13:17] {Threei} they all but labeled him a toothless tiger already

[13:18] {dino} out bgc .15 ave, +.15 don't like drop

[13:18] {Threei} I just thought abiout it dino

[13:19] {Threei} stalled for way too long

[13:19] {dino} yeah, had trouble at .25

[13:20] {dino} crm was stopped -.31

[13:21] {Threei} if stays under .75

[13:21] {Threei} Short Setup: RIMM .65

[13:24] {dino} nemo, cml?

[13:24] {Threei} another invalidation

[13:24] {Threei} this is invalid day

[13:24] {nemo} that got away

[13:24] {dino} it's like ranodom dancing

[13:24] {dino} random

[13:25] {Threei} lol

[13:25] {nemo} everybody thinking the same...get out for the weekend, so, have a little rally first

[13:25] {Threei} I can't do normal dancing, let alone random

[13:25] {Les} well you do think dirty

[13:25] {Les} so dirty dancing should be your thing

[13:26] {Threei} I believe my thoughts are pure and innocent

06[13:27] * nemo slaps Threei around a bit with a large dose of reality

[13:27] {Les} we all have our fantasies

[13:27] {Threei} although it appears no one but mne believes that

[13:28] {Threei} LYV Reportedly planning to sell tickets through Walmart stores (related TKTM WMT )

[13:28] {nemo} lyv

[13:28] {dino} fsys holds today

[13:30] {Threei} nemo, let me add new number for your mass intelligence stats

[13:30] {Threei} 23% Say Government Criticizing Toyota To Help GM

[13:30] {nemo} rotfl

[13:33] {Threei} AIG...

[13:33] {Threei} short or no short?

[13:33] {dino} it's like free (anti) advertising for gm

[13:33] {Threei} .35 break

[13:33] {Threei} no kidding dino

[13:34] {Threei} if that's what people believe, it won't make them sympathize with GM

[13:34] {Threei} Short Setup: AIG .35 break if stays under .50

[13:34] {nemo} no short

[13:34] {dino} mkt feels up imo

[13:35] {nemo} 200 ma is at .50

[13:35] {Threei} you think?

[13:35] {dino} cml sm l .70

[13:35] {Threei} to me, more like last bounce before the plunge

[13:35] {dino} could be, just my scanners are flashing lots of green

[13:35] {dino} strange....

[13:36] {dino} spmd drop

[13:36] {Threei} at the moment yes, but it's a bounce moment

[13:36] {dino} thin

[13:36] {nemo} what's thin?

[13:36] {Threei} bulimic?

[13:36] {nemo} bulemic

[13:36] {dino} recent ipo

[13:36] {nemo} what, cml?

[13:37] {dino} computers or something

[13:37] {dino} oh no nemo, spmd two months of charts

[13:38] {dino} bgc held well

[13:39] {Threei} if SPY reverses down here and breaks 107, prepare for final descent

[13:39] {nemo} aig has a tighter range

[13:40] {nemo} it's hitting vwap resistance

[13:40] {Threei} (CH) EU Trade commissioner: will not hesitate to use steps against China on trade issues

[13:40] {dino} idiots

[13:41] {Threei} China: does he have a nameZ?

[13:41] {nemo} coordinated with the US over the Dalai Llama and Taiwan stuff

[13:41] {Threei} so, you think global campaign of "let's rein China" begins?

[13:41] {dino} seeing articles of a housing bubble in canada vad

[13:42] {Threei} Says "world would be better off" when China starts to appreciate currency

[13:42] {nemo} their lending standards are strong dino...it's doubtful

[13:42] {Threei} I did too dino, but it's not very clear

[13:42] {dino} careful what you wish on china

[13:42] {Threei} see, there is huge difference

[13:42] {dino} i do see your standards are tougher

[13:42] {Threei} while on a surface there is similar rise,

[13:43] {Threei} the level of indebtness is nowhere as high

[13:43] {Threei} no creative mortgages

[13:43] {Threei} no zero down mortgages

[13:43] {nemo} rally

[13:44] {dino} monkey

[13:44] {Threei} so... while prices might be getting a buit ahead of themselves, it's doubtrful we can call it bubble in usual sense of the world

[13:44] {Threei} upward cycle, sure

[13:45] {Threei} probably swicthing to downward cycle at some point in the future, sure

[13:45] {dino} hope not bubble

[13:45] {Threei} probably not, but Canada is pretty much commodities and US strength dependent

[13:46] {Threei} so negative development in those aspects will impact all other, housing included

[13:46] {Threei} rather than housing itself becoming a problem and killing the rest

[13:46] {dino} obama keeps tax and spend up, you'll have a substate of americans living there

[13:48] {dino} ohhh nooooo

[13:48] {nemo} tv?

[13:49] {dino} easy button batteries dead

[13:49] {dino} bad karma

[13:49] {Threei} lol

[13:49] {nemo} looking for fcx DT around .30

[13:50] {Les} AWIAV?

[13:50] {nemo} coma

[13:51] {Les} cool

[13:51] {Threei} AIG wouldn't go up with market

[13:51] {nemo} nice timing

[13:51] {Les} 200ma at .50 holding aig for the moment

[13:52] {dino} before i forget, happy valetine's day gals

[13:52] {Threei} oh yes

[13:52] {Threei} dino is true gentleman

[13:52] {strider} is AIG still valid?

[13:53] {dino} i do what i can

[13:53] {Threei} I would be too if not for memory of a moth

[13:53] {Threei} I think so strider

[13:53] {Threei} we need market selloff

[13:53] {nemo} fcx dropped through trigger

[13:53] {Threei} but other than that, yes, AIG looks a good short

[13:55] {Threei} nice call on FCX

[13:55] {nemo} yeah, but I missed the trigger, just dropped

06[13:56] * Threei slaps gen around a bit with a large map where the door to our room is marked by X; don't forget the paddress anymore

[13:56] {nemo} When it topped out at .35 lower than the previous peak, I probably should have entered there

[14:00] {Raven} .

[14:00] {dino} .. ... ..

[14:01] {nemo} .. -.. - -.. ..-..-.

[14:01] {dino} brail?

[14:02] {dino} !$#@%^*$*##*&&^*)*^

[14:03] {Threei} ok, AIG is off watch

[14:04] {Threei} and whole short bias is not materializing

[14:04] {Threei} neither does long though, lol

[14:04] {nemo} most frustrating outcome would be tread water into close

[14:04] {Threei} quite possible that's what transpires

[14:04] {Threei} we did that whole day

[14:04] {Les} yeah RIMM looks like capable of something better but...

[14:05] {Threei} NTES Receives approval from GAPP for WOW; as speculated (related NCTY ATVI )

[14:05] {Threei} hmmm

[14:05] {Threei} could be a case of sell the news

[14:05] {Les} someone had the news before us

[14:06] {Threei} no, it was rumor discussed for days

[14:06] {Threei} turned true

[14:06] {Les} well the rumour pumped the stock. but it sold of this morning. so u r right, sell the news

[14:08] {Les} wouldn't mind catching it as a short if possible

[14:08] {Threei} Short Setup: NTES .50 break half lot

[14:09] {Threei} as if we have seen too few invalidations today

[14:09] {nemo} rimm coming into resistance

[14:10] {strider} stop ntes?

[14:10] {Threei} Market Internals update at 2:00pmET

[14:10] {Threei} - NYSE volume 590M shares, about 5% below its three-month average; decliners lead advancers by 2.4:1.

[14:10] {Threei} - NASDAQ volume 1.35B shares, about even to its three-month average; decliners lead advancers by 1.5:1.

[14:10] {Threei} - VIX index +2.5% to just over 24.50

[14:10] {Threei} I don't have any reasonable stop for it

[14:11] {Threei} it went too high from short trigger

[14:11] {nemo} it dt'D

[14:11] {strider} k

[14:11] {Threei} let it reestablish itself by new consolidation

[14:17] {Threei} valid again I think

[14:17] {dino} bgc went w/o us

[14:17] {Threei} .65 - 70 zone as resistance

[14:20] {Les} RIMM is disgusting

[14:20] {Threei} {RIMM} I demand second opinion

[14:21] {Les} denied!

[14:21] {Threei} NBG Formula Capital's Altucher makes positive comments on CNBC

[14:21] {Threei} - calls NBG a speculative Greece play

[14:21] {nemo} we're going to end positive on the day

[14:23] {dino} maybe so maybe so

[14:24] {dino} my gut call this mornning was close, fill gaps and drop, ndx, s/p did

[14:24] {Les} aig returns to .96 pivot

[14:25] {ese} L leap avg price.82

[14:26] {ese} am trying the patience route today........

[14:26] {ese} i mean being patient.....not patience...our patience

[14:26] {nemo} today very frustrating

[14:26] {ese} am babbling

[14:26] {ese} indeed

[14:27] {dino} yeah, 5 stops, 6 wins

[14:29] {nemo} had a trendline where rimm stopped, I look back, it was resistance on the daily back in September

[14:29] {dino} out cml .13, +.43

[14:30] {nemo} 5 stops 7 wins

[14:30] {dino} if i take ups now, i tie you

[14:30] {nemo} no, that's your stats

[14:30] {dino} oh yes

06[14:31] * nemo slaps dino around a bit with a large trout

[14:31] {Threei} lol

[14:31] {dino} deservedly so

[14:31] {fernp} KLIC 7 break, Vad? any read Vad?

[14:31] {dino} long week, lots of outside issues

[14:31] {Threei} I wouldn't fern

[14:32] {fernp} yeah, i agree ty

[14:32] {dino} wow cml

[14:33] {Threei} NTES

[14:33] {Les} ntes

[14:33] {Threei} half lot in

[14:33] {Les} .53 s

[14:34] {nemo} forgot about it

06[14:34] * Threei slaps nemo around a bit with a large memory improvent pill

[14:34] {Les} AIG struggling to hold

[14:34] {Les} .90

[14:35] {patience} hey ese, how's the market treating you today?

[14:35] {patience} anybody?

[14:35] {strider} in NTES.49

[14:35] {dino} up but light

[14:36] {strider} is 1:1 at .30?

[14:36] {Threei} .35 - .30

[14:36] {Les} out .40

[14:37] {Les} aig coming down

[14:37] {Les} s aig .84 small shares

[14:37] {strider} out .35

[14:39] {ese} Hi patience, i made one BS trade by fluke....i didn't even know that i had bought the stock. LEAP made .04 on it and am in it again for the last 2 hours

[14:40] {Les} ah Prince william's visited my old stomping ground: http://www.telegraph.co.uk/news/picturegalleries/royalty/7026202/Prince-William-in-Australia.html?image=1

[14:48] {Threei} day is positive, mistly thanks to this last short... but I am not sure the size of win overall justifies waking up

[14:49] {dino} cml sm l .70

[14:50] {Les} I look forward to the day I can say that vad

[14:50] {Les} me, I need the practise

[14:51] {Threei} number of invalidated plays today is unbelieavble

[14:51] {Les} really. school holidays here. been hanging out on the playstation with the kids

[14:53] {Les} AIG

[14:55] {Les} crap. pop goes the weasel. stop aig

[14:56] {nemo} nice self-analysis les

[14:56] {Les} just to humour you nemo

[14:57] {nemo} I need it today

[14:57] {strider} I'm in the hole too, but less so because of the AIG trade. Thanks for that, vad.

[14:57] {strider} meant NTES

[14:58] {nemo} I'm positive, but BEAR made more than I did today

[14:58] {Threei} always

[14:58] {Les} wish I was still holding ntes

[14:58] {nemo} were

[14:59] {strider} thank you.

[14:59] {nemo} drives you crazy doesn't it

[15:00] {nemo} ntes sitting on 200

[15:00] {nemo} not anymore

[15:00] {strider} I bet I hear common-taters talk about an 'amount of shares' twenty times a day.

[15:00] {nemo} Oh no...now all I can do is think of Pink Panther quips

[15:02] {Les} wow aig

[15:02] {Threei} crap

[15:02] {nemo} rimm holding

[15:02] {nemo} what

[15:02] {Les} actually stopped only half of aig by accident. s .82

[15:02] {Threei} thought of calling it short on .80 break, then decided, we are out of the troubles for today, why ask for it

[15:03] {nemo} ahh the old Ted Willaims .406

[15:03] {nemo} Williams

[15:03] {nemo} RIMM short .20 or long .30?

[15:04] {nemo} nevermind the short, pivot support at .07

[15:06] {dino} cml stopped -.33

[15:08] {Les} took the bounce on ntes +.08 ty nemo

[15:08] {nemo} yw

[15:09] {dino} stops and goes, sheesh

[15:21] {ese} out leap .04 +.02.........just one of them day....i'll still take a couple a hundred profit

[15:22] {ese} have a great weekend all.....see ya tuesday

[15:22] {Threei} take caare ese

[15:23] {ese} cya vad

[15:26] {dino} cya es

[15:26] {Les} ok. hole filled on AIG. NTES is good to me. try for one more b/d on it before close. a green finish

[15:27] {Les} aig wants to fall through 200 ma

[15:35] {dino} ndx held well

[15:35] {larisa} [13:52] {dino} before i forget, happy valetine's day gals

[15:35] {larisa} ty dino :)

[15:35] {larisa} same to all guys

[15:36] {dino} :)

[15:39] {larisa} as i grow older, I realize that men deserve to be happy too.. some of them at least :)

[15:39] {nemo} swm decided to make a late run

[15:39] {Threei} that's so very nice

[15:40] {billyc} gn all thanks for the calls have a great weekend

[15:40] {strider} It's a trick.

[15:41] {Threei} take care billy, have a good one

[15:42] {nemo} swm up a buck i the last 5 minutes

[15:43] {nemo} wow..gone momo

[15:45] {dino} ml l .50

[15:45] {nemo} what stock

[15:45] {dino} cml

[15:45] {nemo} cml

[15:47] {nemo} swm hit the premarket high and then backed off

[15:47] {dino} we should have played it all day

[15:48] {nemo} yeah...I'm thinking I should just follow 1 or 2 stocks maybe three at most

[15:49] {dino} markets random dancing is so, how do i say it?....random

[15:49] {nemo} eloquent

[15:50] {larisa} nemo, once I get seriously involved with a stock, it stops behaving. I have 6 charts up, so they do not know which one i like today :)

[15:51] {nemo} I'm not going to touch that one...

[15:51] {nemo} Nice bait...

[15:51] {dino} lol, up $92 net, peaked at $420, stupid, stupid

[15:51] {nemo} You make me feel good about myself dino

[15:52] {dino} why? misery like company?

[15:52] {nemo} oh, and next week is op ex...oh joy

[15:52] {nemo} yeah...schadenfreude

[15:52] {dino} missed last two

[15:53] {nemo} missed last two what

[15:53] {dino} opps forgot ups still on

[15:53] {nemo} almost an unintentional overnight

[15:54] {dino} larisa, i have 20 on all times, chaos today

[15:54] {larisa} how do you do that? 20 charts?

[15:55] {nemo} incredible focus

[15:55] {dino} cyber, click, charts pop up

06[15:55] * larisa slaps dino around a bit with a large trout

[15:55] {nemo} whoa

[15:55] {larisa} 6 up, but really can follow 3

[15:56] {dino} back at you w/box of chocolates

[15:56] {larisa} lol

[15:56] {Threei} gentleman... what can I say

06[15:56] * larisa slaps Threei around a bit with a large trout

[15:56] {dino} 8 windows open at one, plus other comp. here, an another windows 3 w/rea$/myanville/yahoo bus news

[15:57] {dino} so basically 12 windows open at once

06[15:57] * Threei slaps larisa around a bit with a large bouqet of flowers, box of chocolates and big pink ribbon that Larisa is free to put on whatefver or whoever she wants and consider it a gift

[15:57] {larisa} i want life easier than that:)

[15:58] {larisa} lol, thank you Vad :)

[15:59] {Threei} always

[15:59] {dino} out ups +.10

[15:59] {nemo} so now your up almost 200

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

[15:59] {Threei} have a great long weekend,

[15:59] {Threei} happy Valentine day

[15:59] {larisa} bye all, ty for chocolate and flowers!

[15:59] {Threei} and I'll see you all on Tuesday

[15:59] {Les} ciao

[16:00] {nemo} P&Q

[16:00] {dino} no nemo, only 300 sh

[16:00] {nemo} oh, sorry, thought it was standard lot

[16:00] {nemo} gotta' go

[16:01] {dino} too much chaos in mkts and distractions here, keeping it sm

[16:01] {dino} cya bud

Feb 11 2010

Almost perfect day, with 4 or 5 trades working beautifully early on, namely HIG short, WFC short, RIMM short and CY long, a few discretionary ones on SLW, TM, UAUA, CAT and monster SWM. Just one 10 cents stop on VXX later in the day.

Session Time: Thu Feb 11 00:00:00 2010

[07:54] {Threei} 7:18:11 AM

[07:54] {Threei} (GR) EU's Van Rompuy: Greece must take additional measures, coordinated action is needed to ensure stability of Euro Zone

[07:54] {Threei} - Reiterates that Greece has not asked for financial support.

[07:54] {Threei} - Seeking "rigorous" implementation of reforms, Greece will rely on IMF and ECB expertise in dealing with issues.

[07:54] {Threei} - Commission first assessment to be made in March; to propose new measures in March.

[07:54] {Threei} ***Note: No new concrete details have been heard in latest comments.

[07:55] {Threei} JASO

[07:55] {Threei} JA Solar Holdings Reports Q4 $0.14 v $0.11e, R $238.4M v $214Me

[07:55] {Threei} - Guides FY10 shipments to exceed 900MW v 750MW-800MW prior.

[07:55] {Threei} - Guides Q1 Shipments 215MW-225MW.

[07:55] {Threei} - CEO: "We continue to see strong demand from our existing customers as well as from new customers, and expect strong shipments for full year 2010 based on robust orders from a diversified customer base across multiple geographies."

[08:07] {nemo} amsc

[08:12] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET

[08:12] {Threei} - Expectations for initial claims are 465Ke v prior week at 480K (range seen from 440K to 485K)

[08:12] {Threei} - Continuing claims seen at 4.600Me v prior week at 4.602M (range seen from 4.550M to 4.610M)

[08:14] {Threei} JASO Exec: Continues to see strong demand for its products; expects US to be a strong market in 2010- conf call

[08:14] {Threei} - Expects demand growth from new markets like Japan and China

[08:17] {Threei} chart wise, JASO is gapping over important resistance at 5

[08:17] {Threei} I am not very ehtusiastic about it so far though

[08:29] {Threei} job numbers are coming in the theater near you any second

[08:30] {Threei} *(US) INITIAL JPBLESS CLAIMS: 440K V 465KE

[08:30] {Threei} CONTINUING CLAIM: 4.538M V 4.600ME

[08:41] {Threei} Canada is one happy place, I am telling you... latest debate on TV is whether Arlnod should be allowed to bear an Olympic torch tomorrow

[08:47] {Threei} Iranian President Tells People "Iran Is Now a Nuclear State"

[08:49] {Threei} anyone fweels like applauding?

[08:50] {strider} (sound of one hand clapping)

[08:52] {Threei} (GR) EU leaders discussing a lending facility for Greece; not yet appropriate for an EMU bond as assistance - unconfirmed report

[09:02] {Threei} EUR/USD Euro currency maintains soft tone in session as dealers note EU Summit has provided concept and not a specific plan

[09:02] {nemo} what's with market

[09:03] {Threei} I don't see any news

[09:04] {Threei} I don't feel much enthusiasm

[09:04] {Threei} bias remains slightly negative, IMO

[09:06] {fernp} Good morning everybody

[09:06] {Threei} fern :)

[09:18] {Threei} did snow cut off whole east coast? quite a few people are not here

[09:18] {fernp} sunny here :-)

[09:19] {Threei} here too but let's not tell them

[09:19] {nemo} fern...

[09:19] {nemo} south of Mass got whacked pretty good

[09:19] {Threei} record snowfall makes some people cranky

[09:20] {strider} AARGH!

[09:21] {nemo} dude

[09:21] {ese} dude

[09:21] {ese} morning all

[09:21] {Threei} ese :)

[09:22] {strider} morning, everyone.

[09:22] {nemo} dunedin

[09:23] {strider} fishface.

[09:23] {ese} st

[09:23] {strider} ese

[09:23] {nemo} this place brings out a certain lack of maturity

[09:25] {larisa} gm everybody :)

[09:25] {Threei} larisa :)

[09:25] {strider} good morning, larisa:)

[09:25] {nemo} lari :)

[09:25] {larisa} vad, strider, nemo :)

[09:26] {billyc} gm all

[09:26] {Threei} billy :)

[09:26] {Threei} (GR) EU Diplomat: Must check with EU treaty to decide which instruments to implement on Greece

[09:26] {Threei} - Market expectations of Greece do not reflect fundamantals; Hopes that review of Greek savings program next month will convince markets

[09:26] {nemo} nice C&H on fas, just broke

[09:28] {lasertrev} morning

06[09:28] * nemo slaps lasertrev around a bit with a large trout

[09:29] {Threei} trev :)

[09:29] {Threei} I am generally on a hunt for shorts guys

[09:29] {nemo} I'm short

[09:29] {strider} boxers or briefs?

[09:29] {Threei} sigh

[09:30] {Threei} asylum is iopen for business

[09:30] {nemo} wow...wish I'd said that

[09:30] {Threei} and the most worisome thing is, I feel right at home...

[09:30] {nemo} strider does well typing with his elbows

[09:31] {strider} fingers all worn out from dragging on the ground.

[09:31] {nemo} no, from having hands behind back in the straight jacket

[09:32] {Threei} Short Setup: HIG .90 break half lot

[09:32] {fernp} stop?

[09:33] {Threei} for scalpers, above 23,

[09:33] {Threei} for day traders above 23.10

[09:33] {Threei} my preference is 23.10, that's why half lot

[09:33] {Threei} morning volatility...

[09:35] {Threei} 1:1 for scalpers

[09:35] {Threei} 1:1 for daytdares

[09:35] {Les} wait, rewind the tape!

[09:35] {Les} GM

[09:36] {Threei} if partialling, stop to above b/e

06[09:36] * Threei slaps Les around a bit with a large cup of coffee... and large coffeemaker while at it

[09:36] {Les} hehe pc problems

[09:36] {strider} HIG bounce?

[09:36] {Threei} not yet

[09:37] {Threei} almost reached 1:2

[09:37] {Threei} 2 cents shy

[09:37] {Threei} market bounce helping it but doesn't feel like for too long

[09:37] {Les} .65 is pivot point for hig

[09:38] {Threei} stop to above .80, let's be stingy

[09:39] {Threei} dino and magoo can't make it to the office I guess

[09:39] {nemo} magoo is plowing

[09:39] {Threei} and dino is supervisingZ?

[09:39] {nemo} slacker

[09:39] {fernp} JASO in this pullback, Vad?

[09:40] {Threei} I doubt it

[09:40] {fernp} ok

[09:40] {Threei} looks dead in the water to me

[09:41] {strider} JAZZ

[09:41] {Les} hig on the .65 b/d? 20 cent stop...

[09:41] {Threei} JAZZ Hearing strength being attributed to takeover chatter

[09:41] {Threei} - Rumor states that TEVA proposed as interested party

[09:41] {Threei} not clear yet Les

[09:41] {Threei} let it establish something more solid

[09:42] {Threei} here is something fresher

[09:42] {Threei} WFC

[09:43] {nemo} break of .16?

[09:43] {Threei} no, short

[09:43] {fernp} BAC weak

[09:44] {Les} fas looks good

[09:44] {Threei} Short Setup: WFC .09 break

[09:45] {Threei} stop for scalpers above .16, for day traders above .20

[09:45] {Threei} not much difference though

[09:46] {Les} market looking more decisive today

[09:46] {nemo} aig may go momo

[09:46] {Threei} see how HIG is not following?

[09:47] {Les} y

[09:47] {Threei} WFC 1:1

[09:47] {Les} ty

[09:47] {Threei} another 1:1

[09:48] {nemo} aig momo

[09:49] {strider} trail WFC?

[09:49] {Threei} to above .10, absolutely

[09:52] {Threei} AIG nice call nemo

[09:52] {nemo} wild one

[09:58] {nemo} fas was just a beauty

[09:58] {nemo} there was a monster offer at 63.99

[09:58] {strider} short WFC .13

[09:58] {nemo} it got pulled and fas jumped .25

[09:58] {nemo} nothing in between

[09:58] {nemo} aig pullback

[09:59] {nemo} maybe bounce at .85-90 area

[10:00] {strider} cover .05 +.08

[10:02] {fernp} WMT on lows. any read, Vad?

[10:03] {nemo} turtle stock

[10:04] {Threei} yeah, I am not jazzed

[10:04] {fernp} ty

[10:04] {strider} AET

[10:05] {strider} late

[10:05] {fernp} ANN

[10:06] {Les} inverse h&s developing in mining stocks. SLW for ex?

[10:07] {Les} .55 break of slw vad?

[10:07] {Threei} probably

[10:08] {Threei} stop would have to be under .40

[10:08] {Les} ok

[10:08] {Threei} AUY may be better candidate in that sector

[10:08] {ese} L seed .02

[10:10] {strider} TM dbll bot

[10:11] {Threei} SLW 1:1 almost

[10:13] {ese} TM interesting problem...toyota is blaming the american manufacturers for not making the parts right and the manufactuers are blaming toyota for not giving them the right specs......

[10:14] {Threei} I haven't heard Toyota blaming anyone

[10:14] {Threei} it was all about design as far I as read, and it's their design

[10:14] {ese} was listening to that on CBC yesterday

[10:14] {Threei} that was someone's interpretation, I am sure

[10:15] {ese} had something to do with specs about brakes and something else

[10:15] {nemo} might want to watch aig for a bull flag

[10:15] {Threei} no single item on any wire ever suggested someone's fault

[10:15] {nemo} no sooner said...

[10:18] {strider} short HOG .57 stop .75

[10:19] {Threei} AIG, seems to be aiming for 29

[10:20] {fernp} UAUA .75 break, Vad?

[10:20] {Threei} I think so

[10:20] {ese} almost got stopped seed .82

[10:20] {ese} .80 sorry

[10:23] {nemo} rimm bull flag?

[10:23] {nemo} look at the pattern today

[10:24] {Threei} I'll have to say no

[10:25] {Threei} I don't believe in uptrend today so far

[10:25] {Threei} either stand-off or down

[10:25] {fernp} X around 46.00

[10:26] {Threei} things like AIG or UAUA that march under their own drum, fine... but flgship like RIMM, I'd have to change my general view

[10:26] {Threei} which is admittedly easy changed

[10:26] {nemo} yeah...well you believe in santa clause

[10:27] {Threei} ummm

[10:27] {Threei} so?

[10:28] {strider} The question is: does santa claus believe in you?

[10:28] {ese} just need seed to do one of it's nothing can stop me now runs

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

[10:30] {Threei} - NYSE volume 195M shares, about 22% below its three-month average; decliners lead advancers by 1.2:1.

[10:30] {Threei} - NASDAQ volume 410M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.

[10:30] {Threei} - VIX index +1.00% to just over 25.50

[10:32] {strider} cover HOG .42 +.15

[10:34] {Threei} RIMM drops... never found an entry

[10:34] {strider} ihr

[10:34] {Threei} .60 break was the only one remotely looking like setup

[10:34] {Threei} bit not very prononced

[10:36] {Threei} I think I need to stop making winning calls

[10:36] {Threei} each of them costs me a trialer... two of them connect in the morning,

[10:36] {Threei} first quits after first call is closed for profit,

[10:36] {Threei} secind does the same after second call

[10:36] {Threei} lol

[10:36] {Les} :)

[10:38] {strider} Good idea, vad. Just do all your winning calls when there are no trialers here.

[10:39] {strider} TM reaching support.

[10:39] {Threei} RIMM bounce nto resistance

[10:39] {nemo} Maharishi Mahesh?

[10:39] {strider} hey, yogi, is that you?

[10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:39] {nemo} Hey boo boo

[10:43] {Les} uaua has crossed the rubicon and is pulling back. break of .87?

[10:43] {nemo} Hail Caesar

[10:43] {Les} hail

[10:43] {nemo} Hale?

[10:44] {Threei} .87? it was .75 long

[10:44] {Les} wasn't watching at .75

[10:48] {gregns} .

[10:49] {strider} howdy greg

[10:49] {Threei} 1:1

[10:49] {gregns} howdy

[10:49] {Threei} not scalping it

[10:50] {strider} what are you trading, vad?

[10:50] {Threei} umm

[10:50] {larisa} RIMM strider

[10:50] {Threei} stock market

[10:50] {Threei} [10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:50] {Threei} sometimes I trade socks for vodka

[10:50] {Threei} but today I focus on stocks

[10:51] {strider} invalidated at .68, no?

[10:51] {Threei} didn't even see that... must have been out of bounds print

[10:52] {Threei} level 2 never went above .65

[10:52] {Threei} 1:2

[10:52] {Les} ok. I saw it invalidated too, so ignored it

[10:53] {Les} out slw for +.08

[10:53] {Les} wasn't solid setup so didn't share

[10:54] {ese} well ok ....i'm wrong.....thought that the market would go positive and carry seed with it....the break out above .00 didn't happen...fiar enough..... i'm out .97 -.05

[10:54] {ese} time to look esle where

[10:55] {strider} CAT

[10:56] {strider} long .81 CAT stop .68

[10:57] {ese} vad ...you got a take on the mrkt today other than it's dn slightly......does a run into positve territory look possible

[10:58] {Threei} I don't see it

[10:58] {Threei} we are not that far from gfreen to make it totally impossible of course

[10:58] {ese} tks.......won't be my type of day then......may go into work early

[10:58] {Threei} just 17 points DOW

[10:58] {Threei} I just see this day as flat to negastive

[10:59] {ese} am thinkin the same

[11:02] {ese} ya right!!!! seed.......i think i recall hating this stock in another life

[11:02] {nemo} ?

[11:04] {Threei} (US) Senators Dodd and Corker have agreed shelve Consumer Protection Agengy legislation - CNBC (related MA V DFS )

[11:04] {nemo} fas not moving on that

[11:06] {Threei} not that ZI was very hot about that piece of legislation but what the deuce

[11:06] {Threei} they just abandion all attempts to change anything?

[11:08] {fernp} CY, what's your opinon Vad?

[11:08] {Threei} 11 is too good on daily to dismiss this break

[11:08] {strider} stop CAT -.06

[11:09] {Threei} hopefully market cooperates a bit to give it necessary push

[11:09] {fernp} yes, daily is very nice

[11:11] {Threei} US) New Jersey Governor Christie: Declares "fiscal emergency," move allows him to reserve or freeze spending

[11:11] {Threei} - Plans to close $2.2B budget gap by withholding $475M in school aid

[11:12] {nemo} hitting bids on cy

[11:12] {Threei} ?

[11:12] {nemo} there was a ton of red at 11

[11:12] {nemo} not hitting offers

[11:12] {Threei} (EU) EU's Barroso: Leaders at summit talked exclusively about Greece, did not discuss other countries (related EUR/USD BUNDS )

[11:13] {nemo} rinsed on cat strider

[11:15] {strider} yeah

[11:17] {Threei} green

[11:17] {strider} anybody gtaking CY?

[11:19] {nemo} i'm in

[11:20] {strider} stop .94?

[11:20] {nemo} that's what I'm looking at

[11:20] {Threei} well

[11:20] {Threei} depends on what you want fropm it

[11:20] {strider} I was thinking of profit.

[11:21] {nemo} .92 for day trade?

[11:21] {Threei} .90, to make it more sinsible... and .80 if swing trade according to daily chart

[11:21] {ese} L stec .91

[11:22] {ese} broker slow....wasn't sure i got filled

[11:22] {ese} out stec .995 + whatever

[11:24] {nemo} 68 was important level for rimm could run

[11:25] {Threei} never switched to lkong side on it, even though .65 break was powerful long signal

[11:25] {Threei} bias is harmful, eh

[11:25] {strider} out AINV overnight, +.17

[11:28] {dino} gm all

[11:28] {Threei} dino!

[11:28] {strider} really!

[11:28] {Threei} snow?

[11:28] {Les} you made it

[11:29] {dino} about 10"of snow, not too bad. real esate issues

[11:29] {dino} estate

[11:29] {strider} offering CY at .09

[11:29] {strider} oout

[11:29] {nemo} letting half go at .10

[11:29] {dino} how are you doing today?

[11:29] {Threei} fantastic

[11:30] {Threei} 3 for 3 on "official" calls, discretionary one on CY works like charm

[11:30] {nemo} 1:1

[11:30] {dino} wtg

[11:31] {Les} nice one fern

[11:31] {nemo} .11 is r2 for cy

[11:31] {nemo} that means .26 is r3 that's a long way

[11:31] {Les} yeh I'm still in

[11:32] {dino} wow swm

[11:33] {dino} beats and drops hard

[11:35] {Threei} when you have 3 min to waste,

[11:35] {Threei} http://ibankcoin.com/chart_addict/2010/02/11/trader-profile-vadym-graifer-trader-author-teacher/

[11:36] {dino} and raises, strange swm

[11:37] {Les} wow, respect from John Lee.

[11:37] {Les} I don't find him to be generous to endorse

[11:37] {Les} so I'm impressed

[11:37] {Threei} Guides FY10 at least $4.60(ex charges) v $4.82e

[11:37] {Threei} SWM

[11:38] {nemo} oy...that's moving in $s

[11:38] {Threei} Les... if that characteristic is true, why wouldn't he like me {GGG}

[11:38] {nemo} ow...cy

[11:39] {dino} swm v sm l .00

[11:39] {nemo} what's your stop?

[11:39] {dino} buck

[11:39] {dino} 200 sh

[11:40] {dino} damn had .75

[11:40] {nemo} they just raised there prices like 13%

[11:42] {nemo} goes at least to 51

[11:42] {strider} hmmm...SWM sells reconsituted tobacco products.....

[11:42] {strider} reconstituted

[11:43] {strider} what can you get for a pound of cigarette butts?

[11:43] {Les} Berkshire Hathaway?

[11:43] {dino} strange

[11:44] {Les} trading strategy of buffet's in his early career. find companies that are like cigar butts, good for one or two puffs

[11:44] {nemo} so much for market down

[11:45] {Threei} things change

[11:45] {Threei} we are 4 for 4, got a problem with it?

[11:45] {dino} stopped, greed got me

[11:45] {nemo} no, market just decided to skyrocket

[11:46] {dino} amsc sm l .50 trig

[11:46] {Threei} AMSC... what a toothache in the heart

[11:46] {Threei} lol dino

[11:47] {Threei} I'd prefer a pullback on this one...

[11:47] {Threei} haven't seen it working on breaks

[11:48] {dino} you may be right

[11:48] {nemo} aig riding 200 might break downtrend

[11:48] {dino} swm pisses me off

[11:48] {Les} is UAUA in trading range, or pulling back to go higher here?

[11:48] {Threei} as far as I am concerned it's done

[11:49] {dino} nemop 51 call is good

[11:49] {Les} I see it topped out here yesterday too

[11:49] {Threei} hasn't even attempted to break high while market spiked into new highs

[11:49] {Les} ok, could be the end for uaua. hmmm

[11:50] {Threei} market further run up may hold it floating, but as soon as market reverses UAUA should start drilling

[11:52] {Threei} providing we get any pullback in general market, hunt for short on it is on

[11:52] {Threei} Short Setup: UAUA .70 if stays under .80

[11:56] {nemo} cant short uaua

[11:57] {Threei} crrrrap

[11:58] {nemo} yeah, I tried at .76

[11:58] {Les} s uaua.74

[11:58] {nemo} you IB Les?

[11:58] {Les} y

[11:58] {nemo} smack Trev

06[11:58] * nemo slaps lasertrev around a bit with a large pissed off I can't short UAUA

06[11:58] * Threei slaps lasertrev around a bit with a large Les

06[11:59] * Threei slaps lasertrev around a bit with more Les

[11:59] {Les} signed up for laser, but will paper trade with IB till I got the magic 25

[11:59] {nemo} there was my 1:1

[12:00] {Les} out .65

[12:00] {Les} 1k, ooh yeh

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

[12:00] {Threei} - NYSE volume 390M shares, about 10% below its three-month average; advancers lead decliners by 2.9:1.

[12:00] {Threei} - NASDAQ volume 875M shares, about 6% below its three-month average; advancers lead decliners by 1.6:1.

[12:00] {Threei} - VIX index +1.00% to just over 25.50

[12:00] {nemo} OHHHHHH GOD!! TREV!!!!!!

[12:01] {Les} still holding CY

[12:04] {Threei} hmmm

[12:04] {Threei} this guy does have two hands:

[12:04] {Threei} (SA) South Africa President Zuma: Economy has 'turned a corner'; recovery remains uncertain

[12:11] {Threei} US govt obviously hired 1% more of ppulation

[12:11] {Threei} look:

[12:11] {Threei} 30% Say U.S. Heading in Right Direction

[12:11] {Threei} this number stayed at 29 firmly for months

[12:17] {Les} out cy +.11

[12:17] {Les} completely different day from yesterday

[12:17] {Threei} yesterday seemed just fine to me too

[12:20] {Les} for me and my head and my setups

[12:20] {Les} days like yesterday just suck me in to bad trades

[12:20] {Les} its the primary fault I must fix in my trading in order to advance

[12:21] {Threei} I'll find the page in MPP that will show you how to fix it

[12:22] {dino} les, good job getting over yesterday

[12:24] {Les} I don't stay angry dino. it is not my personality

[12:24] {Les} but those infrequent curve balls thrown by the market

[12:24] {Les} screw with my account

[12:25] {nemo} you are a curve ball, should fit you fine

[12:25] {Les} lol

[12:25] {Les} BELT UP NEMO

[12:25] {nemo} wow cat

[12:26] {dino} sometimes you have to play jardball

[12:26] {dino} hardball'

[12:27] {Threei} page 57 Les

[12:27] {Les} OK

[12:29] {nemo} ahhhh...cat closing the earnings gap

[12:30] {Les} I'd agree with page 57 to the extent that I need to have a sheet in front of me...

[12:31] {Threei} better yet

[12:31] {Threei} take the summary reslt,

[12:31] {Threei} write it on a Post-It with comment:

[12:31] {Les} that when we approach different days, I need to read something to remind myself...

[12:31] {Threei} the price of stupidity

[12:31] {Les} how I will approach the day.

[12:31] {Threei} slap it on your monitor

[12:32] {Les} these results are in my diary

[12:32] {Threei} and before pushing buy or short, take a last glance at it

[12:32] {Threei} asking yourself:

[12:32] {Threei} is it a valid setup

[12:32] {Threei} or is it a contribution to stupidity fund

[12:32] {Les} :)

[12:32] {larisa} funny

[12:33] {Threei} if latter, look at the price again

[12:33] {Threei} come on Larisa

[12:33] {Threei} you know better than calling my humorless exercises funny

[12:34] {Threei} I am void of funny

[12:34] {Les} I'm thinking of pasting simple trading mindset under my keyboard. Today is strong trend day, today is range bound day, today is rudderless day, with appropriate trading mindset and strategy

[12:34] {Les} I have trouble going from trending day to a nothing day. i keep trading same way as day before

[12:35] {Threei} whatever works... just don't put it ON a keyboard, or your typing goes the way of dodo... i.e., becomes much like mine

[12:36] {Threei} wow Les, you seem to have a very uncommon disease:

[12:36] {Threei} too LONG attention span

[12:36] {Threei} rarity among us, moth

[12:36] {Les} oh now you're just being modest...

[12:36] {Les} or taking the piss out of me

[12:36] {Threei} we tend to forget out name between "Hi", and "my name is..."

[12:37] {Les} break time. back later.

[12:43] {Threei} market fell asleep

[12:43] {nemo} aig collapsing

[12:43] {Threei} for the reasoin as mysterious as the one that sent it up earlier, lol

[12:43] {nemo} yep

[12:45] {Threei} GR) Greece PM Papandreou: EU leaders believe a "political message" is enough to stabilize markets

[12:45] {nemo} idiot

[12:46] {Threei} jawboning can fix everything they think

[12:52] {nemo} anybody short cat?:)

[12:54] {Threei} hmm?

[12:54] {Threei} why?

[12:54] {nemo} joke, strength like that today...no way

[12:55] {Threei} ah... I don't have sense of humor, don't forget

[12:55] {nemo} I was walking dad, didn't see that part

[12:57] {larisa} actually considered short of .50 double top for scalp. so my trading must be a joke :)

[12:57] {nemo} frankly, maybe we should be looking at this as a pullback in cat

[12:57] {nemo} no lari, just very strong stock

[12:58] {Threei} larisa, you do know that you always hape option of slapping nemo with something heavy available to you, right?

06[12:58] * nemo slaps larisa around a bit with a large feather duster

[12:59] {larisa} did you watch CAT closely last 30 min nemo?

[12:59] {nemo} fairly

[12:59] {larisa} .57 fel like top.

[12:59] {larisa} felt

[13:00] {larisa} but of course it is strong one.

[13:02] {larisa} and you can be trend trader or countertrend, or mix it wildly for fun :)

[13:02] {nemo} nothing parabolic about it, very strong 45 degree climb...now, we get another double top here...50 ma is about.10 below

[13:04] {nemo} market sells

[13:04] {larisa} I just like these double tops on falling indicators. Plus my hotizon is 10-20 cents :) and i do not remember my name

[13:04] {larisa} horizon

[13:04] {nemo} gertrude

[13:05] {larisa} lol

[13:05] {ese} am outta here all.....have a great day.

[13:05] {Threei} take care ese

[13:05] {larisa} bye ese

[13:05] {ese} cya vad laris

[13:05] {Threei} wituh any market help it can drop to 55 easy

[13:05] {nemo} where did you short larisa

[13:09] {larisa} I did not, was watching it at 12:54 with one eye. Vad distracted me :) then you said anyone short and I responded :)

06[13:10] * Threei is now known as one big distraction

[13:10] {nemo} I'm short .34

[13:10] {larisa} I am not sure if time chart shows good setup. but tick does

[13:11] {Threei} .37 here

[13:11] {Threei} just for a scalp

[13:11] {nemo} 1/2 out

[13:11] {larisa} but you said "no way, it is strong" :)

[13:11] {larisa} take it back

[13:12] {nemo} I reserve the right to change my mind as conditions warrant

[13:12] {larisa} ahha

[13:12] {Threei} I don't - I have nopthing to change

[13:12] {nemo} except diapers

[13:13] {nemo} my min has gone free association

[13:13] {nemo} out

[13:15] {nemo} what's your stop vad?

[13:16] {Threei} what stop, it was just a quick scalp

[13:16] {nemo} .47

[13:16] {nemo} oh you were out

[13:16] {Threei} covered at .27

[13:16] {nemo} oh

[13:19] {nemo} big bid cat

[13:22] {Threei} DNDN lost its mind today?

[13:23] {patience} .

[13:23] {Threei} good point

[13:24] {patience} :)

[13:24] {nemo} there's that sense of humor

[13:24] {Threei} point-sized

[13:40] {Threei} UAUA total loss of will to live

[13:40] {Threei} CY continues attemots

[13:41] {Threei} Long Setup: DNDN 31.01 break

[13:41] {nemo} dndn, might be prepping for a run

[13:41] {nemo} hah

[13:41] {Threei} if stays above .90

[13:43] {Threei} invalidated

[13:43] {nemo} oh well

[13:44] {nemo} bounced right at support and formed possible H&S, or long here off support

[13:48] {nemo} that .80 support for the earlier break held well

[13:49] {Threei} CY at 1:1 for swing traders

[13:54] {dino} rino, missed it

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 580M shares, about 6% below its three-month average; advancers lead decliners by 3.8:1.

[14:02] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; advancers lead decliners by 2.1:1.

[14:02] {Threei} - VIX index -5.3% to just over 24.00

[14:10] {dino} great wall of china at .50 on amsc

[14:12] {nemo} ntgr consolidating tight range

[14:13] {dino} swm wow

[14:13] {dino} i se why rino is up, lightening round last night cramer says don't buy it

[14:13] {nemo} well...at least it's declinating in .50 segments now

[14:14] {nemo} I can't even look at TSCM gives me cramps

[14:14] {dino} re-test coming nemo?

[14:14] {nemo} looks it

[14:16] {nemo} might warrant a play get a pullback to .50-60

[14:16] {nemo} volume not convincing yet

[14:19] {nemo} .50 was it

[14:19] {dino} swm 45.50?

[14:19] {nemo} yeah

[14:19] {dino} guess so

[14:22] {nemo} might we be getting a C&H?

[14:22] {nemo} frickin spread

[14:22] {dino} have to lay out below imo

[14:23] {nemo} well, break of .50 or pullback to 00-.10

[14:23] {dino} gut says down to 45ish

[14:23] {nemo} beer gut?:)

[14:23] {dino} yeah

[14:24] {larisa} dino mentioned it first time, i blinked at 43ish, next blink was at 45ish :)

[14:24] {nemo} always trust that

[14:24] {dino} theres your break, you are better than i

[14:24] {nemo} no...I gave two possibilities

[14:24] {dino} nemo, you had 1.50 on it

[14:24] {nemo} yeah

[14:25] {dino} ok, 46 area

[14:25] {nemo} depends on volume this time around, see if this move supported

[14:25] {nemo} then, support at .50

[14:25] {dino} showing 46 20ma, 46.50 50ma

[14:26] {nemo} yep

[14:26] {dino} chart going up

[14:26] {nemo} she ain't coming back

[14:27] {nemo} Lido left the boat that day, he left the shack...that's all he left...he ain't coming back

[14:27] {nemo} Oh Christ...where's my gun

[14:27] {nemo} Vad, you play swm?

[14:27] {larisa} lol

[14:28] {Threei} me?

[14:29] {Threei} why would I?

[14:29] {nemo} Greed

[14:29] {strider} cause you are a wild and crazy guy?

[14:29] {larisa} no bad news on it right?

06[14:29] * nemo slaps strider around a bit with a large steve martin collection

[14:30] {Threei} guided lower larisas

[14:30] {Threei} -s

[14:30] {larisa} stop putting s everywhere

[14:30] {nemo} whoa

[14:30] {Threei} laria?

[14:30] {nemo} 200 point day today?

[14:30] {larisa} todasy anywasy

[14:30] {Threei} sounds japanese

[14:30] {nemo} You're making me feel better about myself

[14:31] {dino} don't

[14:31] {dino} lol

[14:31] {Threei} lol

[14:31] {nemo} Where's that list

[14:32] {nemo} ahhhhh....

[14:32] {nemo} pencil or pen....

[14:32] {nemo} pen...

[14:32] {nemo} D....

[14:32] {nemo} I....

[14:32] {nemo} N....

[14:32] {nemo} O....

[14:32] {dino} :)

[14:34] {larisa} I want today to be red closing

[14:34] {nemo} yeah...and I want....

[14:36] {dino} sadist

[14:37] {nemo} damn proud of it

[14:38] {nemo} swm bouncing off support

[14:38] {nemo} no volume yet

[14:41] {nemo} where's the strike on cat for op ex next week dino?

[14:48] {dino} typically they drive them to 5's or 0's

[14:49] {strider} TM trying to jump a little gap on daily

[14:50] {strider} c&h 5 min

[14:50] {nemo} SWM was so technically perfect.

[14:51] {nemo} Well, I gotta' go...see you guys tomorrow...you too Lari and Patience

[14:51] {nemo} oh...and Vad

[14:51] {Threei} take care nemo

[14:51] {strider} had a good evening, nemo.

06[14:51] * nemo slaps Les around a bit with a large bag of lead shot

[14:52] {larisa} bye nemo :)

[14:53] {dino} chickened out on it nemo, take care

[14:56] {Threei} Long Setup: VXX .60 break half lot

[14:56] {Threei} if stays above .45

[15:00] {Threei} let's modify it

[15:00] {Threei} .40 - .50

[15:07] {Threei} no go

[15:08] {Les} hey I'm back. what's with the lead shot?

[15:09] {Threei} you'll have to ask nemo tomorrow

[15:10] {Les} I'm shot alright, but with good spanish red

[15:12] {Les} fitb up. wfc/ms down. fitb going to give me a shorting op before close?

[15:13] {Les} looks like the close is already stitched up

[15:14] {Threei} anyone's guess... it shows no indication of short being shaped up

[15:15] {Les} yeh, just finnies ain't showing strenght

[15:16] {Threei} Chinese solar name JinkoSolar cancels IPO due to poor market conditions

[15:16] {Threei} - No new date for the initial public offering has been set.

[15:16] {Threei} - Note that JinkoSolar is a major supplier for Renesola.

[15:16] {Threei} - Two previous Chinese solar companies, Trony Solar Holdings Co. and Daqo New Energy Corp., postponed planned offerings after struggling to price in December and January.

[15:19] {Les} uaua/cal recovered a little. dal a b/d candidate

[15:25] {Les} here comes fitb

[15:29] {Les} voila. this was best strategy to a market going nowhere.

[15:30] {Les} take profits early

[15:30] {Les} get drunk and forget about market later

[15:30] {Les} not bad trades made today

[15:30] {Les} no bad

[15:30] {Les} slw

[15:31] {Les} PM miners coming down

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

[15:32] {Threei} - NYSE volume 755M shares, about 6% below its three-month average; advancers lead decliners by 4.2:1.

[15:32] {Threei} - NASDAQ volume 1.74B shares, about 1% below its three-month average; advancers lead decliners by 2.5:1.

[15:32] {Threei} - VIX index -5.00% to just over 24.00

[15:36] {dino} oo sm l swm

[15:37] {Les} .25 b/d GG?

[15:37] {Threei} probably

[15:40] {Threei} not anymore

[15:40] {Les} yeh

[15:44] {Threei} dino take the frikin profit already, will ya?

[15:44] {Threei} I van't do anything ele, watching this monster

[15:44] {Threei} can't

[15:44] {dino} lol

[15:44] {dino} out .95 +.95

[15:44] {Threei} seriosuly, lol... how do you stomach such volatility

[15:44] {Les} what r u in dino?

[15:44] {dino} swm

[15:45] {dino} and vad, i don't know. sometimes the gut wants what the gut wants (or something like that)

[15:45] {Threei} I know... it's just gut-wrenching :)

[15:45] {dino} i will be playting that tomorrow

[15:46] {dino} for today, most likely done

[15:46] {Threei} dailky is beyiond bizarre on it

[15:46] {Threei} daily

[15:49] {Threei} I'd say good timing on exit

[15:51] {dino} then say it

[15:51] {Threei} sorry, too lazy

[15:51] {Threei} I'll keep silent

[15:52] {Threei} but if I did want to say something, it would be" good timing on exit

[15:52] {dino} lol

[15:55] {Threei} aside of SWM{ it was the day of "bore me with profit, and I'll yawn all the way to the bank" type

[15:56] {strider} holding small TM overnight, from 75.38.

[15:56] {strider} Call me crazy

[15:56] {Threei} strider is crazy

[15:56] {strider} thank you, thank you very much.

[15:56] {Threei} always

[15:57] {Threei} just ask, I am here for ya

[15:57] {Les} wow its already 10 pm. time flies.

[15:57] {strider} :)

[15:57] {Les} nigth alla.

[15:57] {Les} night all

[15:57] {Threei} Les is crazy too

[15:57] {Les} that be the booze talking

[15:57] {Threei} but in his own way

[15:57] {Les} ciao

[15:57] {strider} well that's better..

[15:57] {Threei} take care Les

[15:58] {Threei} okay guys, calling it a day

[15:58] {Threei} thank you all

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

[15:58] {strider} thanks, vad.

[15:58] {strider} you too.

[15:58] {Threei} may SWM not come to you in your dream

[15:58] {strider} gonnaj watch Survivor tonight?

[15:58] {Threei} lest your dream turns into nightmare

[15:58] {strider} 1st install of new season.

[15:58] {Threei} not me

[15:59] {strider} I keep hoping patience and larisa will be on there.

[15:59] {Threei} Lost fills up my TV- island needs

[15:59] {strider} TM closing at hod.

[15:59] {strider} where it started.

[16:00] {dino} gn all, thx

[16:00] {larisa} bye all :)

Feb 10 2010

Session Time: Wed Feb 10 00:00:00 2010

Not too active but nicely profitable day. Being bombarded be endless headlines, we decided to stay on careful side. Picky trading paid off with wins outweighing stop at the rate about 5 to 1

[07:58] {Threei} TM Reportedly firm planning ot suspend production of Lexus HS250h, Sai Hybrids -Kyodo

[07:59] {Threei} ***Reminder: On Feb 8 - Toyota plans to suspend production of Sai and Lexus hybrids in Japan later this week, and continue to idle the plants for at least one week - Nikkei news

[07:59] {Threei} - Move will affect production of about 4,000 vehicles.

[07:59] {Threei} not biggie I believe

[08:06] {Threei} GR) Reportedly German official: Sees no concrete steps for Greece at summit; Debating aid will not solve issue

[08:31] {Threei} *(US) DEC TRADE BALANCE: -$40.2B V -$35.8BE

[08:34] {Threei} ATHX UPDATE: Receives U.S. Patent Covering Adult Stem Cell Composition & Production

[08:34] {Threei} - Athersys also announced that it has been granted and the opposition period has cleared EP patent

[08:36] {nemo} Bernanke talking today about deleveraging, should be some moves in fas/faz

[08:37] {Les} haha thought you said Berlasconi, was gonna say wtf?

[08:37] {Threei} 10:00 Fed Chairman Bernake to testify before House Financial Services Committee. 09:30 Fed's Tarullo testifies before Senate Panel on systemic risk. 12:45 Fed's Plosser speaks on the financial crisis.

[08:42] {Threei} More Voters Now See Obama As Confrontational

[08:43] {Threei} heh... I forecast a year ago, this guy will be so divisive, W will look like dove of peace

[08:43] {Threei} Reminder: Today's Bernanke House hearing has been delayed but his testimony will still be released from embargo at 10:00ET

[08:43] {Threei} - The topic of the House hearing is "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery."

[08:43] {Threei} - The hearing has been postponed due to the snow storm on the east coast.

[08:43] {Threei} **In some of his most recent commentary from last month, Bernanke noted:

[08:43] {Threei} - Fed is confident it can control monetary and credit growth; Fed officials understand that the balance sheet needs to be normalized; Raising rates on reserves is one way to control balance sheet.

[08:43] {Threei} - Policy decisions must be forward looking; Policy decisions in early 2000 do not seem to be inappropriate; Not worried about confidence in US financial system.

[08:43] {Threei} - Economy only now beginning to recover from deep recession; Monetary policy may not be appropriate for dealing with bubbles; Appropriate response for dealing with housing bubbles is regulatory rather than monetary; Rate hikes are not the best tool to burst asset bubbles.

[08:43] {Threei} - Dollar remains the dominant reserve currency.

[08:43] {Threei} - If the regulatory system is not reformed to deal with future bubbles or if it is not able to keep risks in check, we must remain open to using monetary policy as a supplementary tool for addressing those risks.

[08:50] {Threei} Greece PM: Reiterates view that Greece has the will to implement stability plan

[08:51] {Threei} if it does, why the need to reiterate?

[08:52] {Les} gonna be another up and down day is it?

[08:52] {Threei} with all the headlines coming, sure feels like it

[08:53] {Threei} it's all too fresh, so reaction still should be pronounced

[08:53] {nemo} We'll see more as Bernanke's speech gets digested

[08:53] {Threei} in a while it gets old and market starts ignoring all but really material items

[08:56] {nemo} amsc up .41

[08:56] {Threei} IC) ICELAND JAN UNEMPLOYMENT: 9.0% V 8.2% PRIOR

[08:56] {nemo} whoa

[08:57] {Threei} boy, is Europe screwed

[08:57] {nemo} BOHICA

[08:58] {Les} I have the feeling we're all screwed this year

[08:59] {Les} still as long as the market goes up or down, there's a dollar in it for us

[08:59] {nemo} who makes vaseline? buy stock

[08:59] {Les} naughty

[08:59] {nemo} Older I get, less I like pain

[09:00] {Threei} as long as you like causing it, you are young in your heart

[09:01] {nemo} NP...just takes longer to heal these days

[09:01] {Threei} STEM Announces First Human Neural Stem Cell Transplant in Landmark Myelination Disorder Trial

[09:02] {nemo} Parkinson's?

[09:02] {Threei} Pelizaeus-Merzbacher Disease

[09:06] {nemo} big offer fcx .58

[09:07] {fernp} Good morning everybody

[09:07] {Les} hey fern

[09:07] {Threei} fern :)

[09:08] {nemo} hola fern

[09:15] {strider} morning everyone.

[09:15] {Threei} strider :)

[09:15] {strider} :)

[09:16] {Les} strider

[09:17] {strider} morning les.

[09:19] {Threei} (GR) Press speculation surfaces that German Gov't cannot aid Greece

[09:19] {Threei} ***Reminder: Earlier today a German official commented that it was unlikely to see concrete steps for Greece at summit, and debating aid will not solve the issue

[09:21] {lasertrev} gm

[09:21] {Threei} trev :)

[09:21] {nemo} trev lari

[09:21] {larisa} gm vad, nemo and everybody :)

[09:21] {Threei} larisa :)

[09:23] {nemo} chicago had an earthquake

[09:23] {Les} hey larisa

[09:24] {larisa} hi les :)

[09:27] {Threei} nemo?

[09:27] {Threei} serious?

[09:27] {nemo} http://www.nbcchicago.com/news/local-beat/Breaking-News-Earthquake-Shakes-Chicagoland-84000302.html

[09:28] {nemo} lotta' them lately

[09:28] {nemo} prelude to 2012

[09:28] {dino} gm all, six inches of snow so far

[09:28] {Threei} dino :)

[09:28] {ese} good morning

[09:28] {Threei} ese :)

[09:29] {strider} dino, ese.

[09:29] {ese} st vad

[09:29] {nemo} tm up 1.29

[09:31] {nemo} wow ntgr

[09:31] {billyc} gm all happy Wednesday

[09:31] {Threei} billy :)

[09:31] {Threei} NTGR earning, guidance, couple upgrades

[09:31] {Les} hey billy

[09:32] {Threei} Yesterday 16:11 NTGR Reports Q4 $0.34 v $0.22e, R $219M v $179Me

[09:32] {Threei} - Q4 Gross Margin 31.1% v 33.5% q/q v 30% y/y

[09:32] {Threei} - Guides Q1 Rev $195-205M v $178Me

[09:32] {Threei}

[09:32] {Threei} GR) Greece Central Bank: Jan cash deficit at 818M

[09:33] {ese} in and out brcm .67/ .93 +.26

[09:33] {Les} nice

[09:33] {lasertrev} ese dcc please

[09:35] {fernp} WFC 27 break, Vad?

[09:36] {Threei} couple more bars...

[09:36] {Threei} so .90 support is firmer

[09:36] {fernp} ok ty

[09:36] {Threei} next bar break yes, if holding above .90

[09:37] {Threei} there, valid now - IF holding above .90

[09:38] {Threei} (GR) ECB council is reportedly planning a conference call on Greece debt crisis at 12:30pmET

[09:38] {Les} TM .70 break vad?

[09:39] {Threei} no...

[09:40] {Threei} or rather: coin toss

[09:40] {Threei} don't see it one way or another

[09:40] {Threei} overall guys:

[09:40] {Threei} today is the day of endless headlines

[09:40] {Threei} Greece and Big Ben

[09:40] {Les} s tm .59

[09:40] {Threei} let's be very conserbative, very picky and quick to get out

[09:41] {larisa} go outside, make snowman ? :)

[09:41] {Threei} snowgirl?

[09:41] {larisa} :)

[09:41] {Les} I should've booked my haircut for 11 am NY time, not before opening

[09:42] {nemo} fcx coughing up a furball

[09:45] {Threei} Short Setup: NTGR .75 break half lot

[09:45] {Threei} if stays under .90

[09:48] {Les} stopped TM

[09:49] {Les} unfortunately type 1 scalp required for TM there, which my account does not permit. if that be the case, need to find, sub-$20 stocks

[09:51] {Threei} TM is last stock I would use for scalp type I

[09:51] {Les} lesson learnt today

[09:51] {Threei} well, second last, first being GOOG {G}

[09:51] {Les} tm has been a money spinner for me

[09:52] {Les} but not if it must be quick small scalp

[09:52] {Threei} you need a thick stock with huge liquidity for that

[09:52] {Threei} look at FITB level 2

[09:52] {Les} PM miners might be bouncing before further b/d, can't tell. KGC, GG, SLW

[09:52] {Threei} that's your typical scalp type I stock

[09:53] {Les} yeh ok

[09:53] {Les} PM miners following market. sorry

[09:55] {nemo} rimm strong again

[09:56] {Threei} I continue looking for short entry on NTGR

[09:57] {nemo} it's forming downtrend, short at the top

[09:57] {Threei} right

[09:57] {Threei} Short Setup: NTGR .75 if stays under .85, half lot

[09:58] {nemo} tm strong, guess it bottomed

[09:58] {Threei} EU's Barroso: Part of EU's growth potential has been adversely impacted by the crisis; EU must address imbalances in the Euro Zone (related EUR/USD )

[10:00] {Threei} US Fed Chair Bernanke: Fed may opt to raise discount rate before long; change would not mean outlook on policy is shifting

[10:00] {nemo} 1:1

[10:01] {Threei} [09:40] {Threei} today is the day of endless headlines

[10:01] {Threei} [09:40] {Threei} Greece and Big Ben

[10:01] {Threei} how about this red candle eh

[10:01] {Threei} EUR/USD Dollar firms on initial Fed's Bernanke written remarks; tests 1.3710

[10:03] {Threei} Long Setup: VXX .80 break half lot

[10:03] {Threei} if stays above .65

[10:07] {Threei} 1:1

[10:07] {fernp} ty Vad

[10:07] {Threei} welcome sir

[10:07] {billyc} thank you

[10:07] {Threei} 1:2, out

[10:08] {Threei} :)

[10:08] {Les} damn

[10:08] {Les} but ty for the setup

[10:08] {Threei} what, you didn't believe in me?

[10:08] {Les} no, took the scalp, but underestimated VXX again

[10:09] {Threei} it's eassy to underestimate, I do it every day

[10:09] {Les} its a nice trading tool

[10:09] {Threei} don't regret it todasy

[10:09] {Threei} today is not your normal day

[10:10] {Threei} safety is concern number 1

[10:10] {Threei} well, it always is... but today is more than usual

[10:11] {strider} vad, next time we have a normal day...will you let us know:)

[10:11] {Threei} bet on it strider - will it be OK if I do it after the day is over?? :)

[10:11] {strider} oh...

[10:11] {strider} never mind.

[10:11] {Threei} 16:01 - hey. today was normal!

[10:12] {Threei} well, seriously - sometimes you just know that things are scorching hot emotionally

[10:12] {Threei} and today we have too many material developments

[10:12] {Threei} market can easily get tired of listenting tothem,

[10:13] {Threei} that's when it will return to less jerky trading

[10:13] {strider} seriously stopped NTGR

[10:13] {Threei} why not take 1:1?

[10:13] {strider} -.19

[10:13] {Les} didn't fill

[10:14] {strider} you're right, can we do that over?

[10:14] {Threei} 1-2 cents... come on

[10:14] {nemo} yeah, in this haphazard environment

[10:14] {Les} yeh wasn't fast on the ball

[10:14] {Threei} [09:40] {Threei} let's be very conserbative, very picky and quick to get out

[10:14] {strider} well how the heck do you know that you should take .01- or .02 less...and not wait for the goal?

[10:14] {nemo} wham bam thank you mam-trading

[10:15] {Les} strider I seriously considered stopping flat, could see the stock didn't want to drop

[10:15] {strider} you're smarter than I am, Les :)

[10:16] {Les} it can only have a go at support so many times before choosing the easier route

[10:17] {Les} can only have a go at breaking support so many times

[10:17] {nemo} tm at support

[10:21] {strider} short TM .60

[10:21] {Les} tak the scalp

[10:21] {nemo} partial

[10:22] {nemo} if you don't don't tell us

[10:23] {Les} TM support .37

[10:23] {nemo} 200 ma on tm is .25

[10:25] {strider} cover .43 +.17

[10:25] {larisa} did you cover because of that, strider?

[10:26] {larisa} [10:21] {Les} tak the scalp

[10:26] {larisa} [10:21] {nemo} partial

[10:26] {strider} because of what?

[10:26] {nemo} she's implying peer pressure

[10:26] {strider} I have peers?

[10:26] {larisa} lol

[10:26] {Les} nonsense larisa. strider would tell us to get stuffed if he wanted to

[10:26] {Threei} lopl;

[10:26] {nemo} I just said, partial by the way

[10:27] {nemo} lopl?

[10:27] {ese} http://www.youtube.com/watch?v=Qmf_C-gzYQc My Rhythm and blues band The Midnights....at Blues Bash here in Victoria

[10:27] {Threei} yeah, that lol typed with accent

[10:27] {strider} I thought you were looking for your teeth, nemo.

[10:27] {larisa} LOL

[10:27] {nemo} still have all of them strider

[10:27] {larisa} ok, next time I will not worry for strider

[10:28] {Threei} hey, famiuliar faces, ese!

[10:28] {Les} NTGR going to test 50 ma. short entry somewhere?

[10:28] {ese} yup.....it's a good band....fun band...great people to work with

[10:28] {strider} Thanks, larisa....but I did cover for the wrong reason, I think..just not for THAT wrong reason.

[10:29] {ese} how bout that drummer eh?

[10:29] {Threei} it's the same event I was lucky to photograph

[10:29] {strider} I probably did it to make back my loss on NTGR.

[10:30] {Les} FITB salmon drop

[10:30] {larisa} this is understandable, I just wanted to kill both of them while they were giving you advices during the trade:)

[10:30] {ese} yup....sure was vad......finally got the mixed to where it sounds good on video

[10:30] {ese} sound mixed

[10:30] {strider} That's better than what vad does. He gives me advice AFTER the trade.:)

[10:30] {Les} fitb .30 b/d?

[10:30] {Threei} lol

[10:31] {strider} And won't let me rewind.

[10:31] {Threei} Les... slow and narrow - fir type I, maybe,

[10:31] {nemo} you on skins ese?

[10:32] {Threei} but better try aggressive entry then while market os droopping and FITB lags

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; decliners lead advancers by 5.8:1.

[10:32] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 3.2:1.

[10:32] {Threei} - VIX index +0.75% to just over 26.00

[10:32] {ese} yup...thats me nemo

[10:32] {nemo} handsome bastard

[10:33] {strider} HOG is bleeding today.

[10:33] {ese} I have a degree in hitting things........oh alreight...it B of Mus Ed in Percussion Performance with a mathematics minor

[10:33] {nemo} I have a degree in hitting things to :)

[10:34] {ese} cool......what

[10:34] {strider} so you can hit things with mathematical precision.

[10:34] {ese} yup

[10:34] {strider} wow.

[10:34] {nemo} mine are not politically correct studies

[10:34] {ese} hmmmmmmmm

06[10:34] * strider slaps nemo around a bit with a large mathematics book

[10:35] {nemo} tower bottom on TM

[10:35] {nemo} looking for right side of inverse H&S

[10:37] {Threei} FITB Exec: expecting 2010 losses less than those seen in 2009 - investor day

[10:37] {nemo} crissakes, paying attention to that vid and tm broke above .20

[10:39] {nemo} hit 1:2 if anyboy paying attention

[10:39] {nemo} .50 resistance

[10:40] {nemo} 1:3...sob

[10:40] {Les} sorry you said something nemo

[10:40] {Les} was enjoying the music

[10:41] {dino} sidetracked day here

[10:41] {strider} so was I, les.

[10:41] {Les} you'll have to come out to Darwin listen to Australian Jazz musicians on the lawns of casino during dry season

[10:42] {Les} ese, july, august, darwin is full of european girls and good pub life

[10:42] {Les} great weather

[10:42] {nemo} 1:4

[10:42] {ese} i'm in....

[10:42] {Les} saw fitb go long, but didn't think it would be this long

[10:42] {strider} Russian women are the best of the best, imo.

[10:43] {ese} can i get my band invited there?

[10:43] {nemo} in what ese

[10:43] {Les} good question. one day I'll return and look up the Casino, who organises it

[10:43] {ese} that festival in Darwin

[10:45] {Les} no its not festival. during dry season, jazz music every sunday afternoon with booze and food and fantastic sunset

[10:47] {ese} baby!!!!! my kind of town!

[10:48] {Les} yeh I dream of making money here with you guys and returning home two months during summer

[10:48] {fernp} JPM, Vad? breakdown?

[10:48] {Les} a few years from now

[10:48] {strider} vad, TM have enough consolidation for a long entry?

[10:49] {Threei} can't tell fern

[10:49] {strider} whoops.

[10:49] {Threei} looks like a good candidate to shake you ourt

[10:49] {Threei} TM answered, eh :)

[10:49] {strider} that was my second choice.

[10:50] {nemo} what was oil numbers?

[10:50] {nemo} were

[10:50] {ese} L brcm .65

[10:50] {dino} wow jst just sold fromn yesterday at 46.75, +1.95

[10:50] {Threei} aren't in nemo

[10:50] {Les} nice one dino

[10:50] {Threei} don't know why

[10:51] {dino} got lucky

[10:51] {Les} very

[10:51] {larisa} all numbers postponed by Friday due to bad weather :)

[10:51] {larisa} gj dino

[10:52] {dino} ty

[10:53] {Threei} sheesh AMAG

[10:53] {Threei} see JPM fern?

[10:56] {dino} hmm amsc green

[10:57] {Threei} HIG Hearing takeover chatter circulating

[10:57] {larisa} MEE trying to break downtrend

[10:58] {Les} fitb .60 b/o?

[10:59] {Threei} only after pullback, holding .55 and with market help

[10:59] {Les} sheesh not asking much is it

[10:59] {strider} AINV, slow mover

[10:59] {fernp} NYX, Vad? any read?

[11:00] {ese} out brcm .72 +.07 4k

[11:01] {dino} gj

[11:01] {Threei} no fern

[11:01] {fernp} i see. TY

[11:01] {Threei} don't like it as trading candidate

[11:02] {ese} tks

[11:06] {Les} finnies coming down

[11:07] {Les} MS is leading. watching wfc and fitb

[11:08] {Threei} GOOG Reportedly planning to build and begin testing ultra high speed broadband networks in a small number of US trial locations

[11:09] {nemo} damn ntgr broke

[11:10] {strider} Good. I hope it's FUBAR.

[11:10] {Les} I want my money back

[11:10] {nemo} yeah snafu

[11:12] {strider} AMZN in nice range.

[11:13] {larisa} missed .40 break on it for scalp

[11:15] {strider} TM in same pattern

[11:15] {strider} a dastardly duo

[11:15] {nemo} Dick an Muttley

[11:24] {nemo} scalped rimm .49-.35

[11:24] {nemo} lucky I scalped

[11:24] {larisa} on pivot break?

[11:25] {nemo} actually break under 200 at .50

[11:25] {nemo} with pivot just above it, wanted it to clear 200

[11:25] {larisa} gj

[11:26] {Threei} (GR) EU's Juncker confident can find a market satisfying solution on Greece situation

[11:26] {nemo} had support at .30, didn't want to go further

[11:27] {ese} L brcm .71

[11:28] {Threei} (GR) EU officials state bailout is unlikely: CNBC

[11:29] {ese} correction .714815

06[11:29] * nemo slaps ese around a bit with a large calculator

[11:29] {ese} agady agady agady

[11:29] {larisa} out MEE

[11:31] {strider} did good?

[11:31] {larisa} +.40

[11:31] {Threei} I'd say more than good

[11:31] {strider} yeah, well that's ok.

[11:32] {Les} let's all follow larisa

[11:32] {strider} Can't. Restraining order.

[11:32] {Les} VAD fitb might be ready this time?

[11:32] {Les} fas wants up

[11:32] {Les} .06 break

[11:32] {Les} .60

[11:32] {Threei} probably... a bit better odds than last time around

[11:33] {strider} +.10 AMZN long scalp

[11:34] {Les} i'll wait for return to trigger for confirmation

[11:34] {ese} out brcm .79 + whatever

[11:34] {nemo} use the frickin' calculator

[11:34] {fernp} BRCM .80 break, Vad?

[11:35] {strider} good brand name for a calculator, nemo.

[11:35] {nemo} hehehe

[11:36] {Threei} only if market makes a big jump and BRCM gives you a cvhance to enter fern

[11:36] {ese} ahhhhh ok....will get right on that calculation

[11:36] {fernp} ok, ty

[11:38] {ese} with a handle like that ....no wonder

[11:39] {Les} lol, couldn't think up anything funnier than that

[11:40] {Threei} AMSC...

[11:41] {ese} L brcm .74

[11:42] {dino} you take amsc 3i?

[11:42] {Threei} no... still cvan't make up my mind about it

[11:44] {ese} out brcm .69 -.05 to the well too many times

[11:44] {Threei} Hitwise: Google has 71.5% of US searches in Jan, Yahoo takes 15.6%, Bing takes 9.4%

[11:49] {Les} s brcm .54

[11:49] {Les} .64

[12:02] {ese} vad....stec 1min chrt what do you think.....shs bit thin

[12:02] {ese} .85 to .90 consolidation

[12:02] {ese} ahhh what the heck sm L ,87

[12:03] {ese} middle of range we'll see what happens

[12:03] {ese} markets heading dn but it's holding it's own

[12:07] {Les} stopped brcm. market sux today

[12:09] {nemo} Les...market is always right, so...who sucks today?

[12:10] {Les} smarmy little people who write commentaries like that

[12:10] {nemo} hehehehe

[12:10] {Les} actually BRCM made 1:1. I didn't take it, wanted more. got greedy. got stupid

[12:11] {nemo} scalp day today

[12:11] {Threei} Les... reread that morning warning again

[12:11] {nemo} lunch too

[12:11] {strider} 'got stupid'? Where do you get 'stupid'? I may need some more of that.......have used most of mine up.

[12:11] {Threei} lol

[12:11] {Les} here, let me share some stupid, stupid

[12:12] {Les} :P

[12:13] {fernp} HAL wotrh a try, Vad?

[12:14] {Threei} only if maret spikes sharply

[12:14] {fernp} .ok

[12:17] {ese} have any of you ever subscibed to any of the squawk boxes of the s&p or nyse to get a sense of buying and selling pressure coming into the mrkt

[12:18] {dino} not i

[12:18] {Threei} horribly annoying ese

[12:18] {ese} me neither

[12:19] {ese} ahhhhhhh in what sense

[12:19] {Threei} irritasting noise

[12:19] {Threei} irritating

[12:20] {ese} thats all it is ........just noise......can't hear bids or sells of any kind?

[12:20] {Threei} the idea is, you are supposed to get a feeling of emotions by the decibel level

[12:20] {Threei} no

[12:20] {ese} that seems useless

[12:20] {Threei} well, not for sellers pf thast service

[12:20] {Threei} very useful for them

[12:21] {ese} indeed

[12:21] {ese} i'm liken the look of the stec 15 chart

[12:22] {ese} 15 min

[12:22] {ese} IBM was thinking about buying this company at one time wern't they

[12:23] {Threei} if SPY breaks 107, let's consider AMSC long

[12:23] {ese} i should have know brcm would do something like it's now doing

[12:23] {Threei} ideally I'd prefer pullback to about .60

[12:23] {fernp} out HAL 1:2

[12:24] {fernp} ty Vad

[12:24] {Threei} breakout is less desirable

[12:24] {Threei} welcome sir

[12:24] {ese} daaaaaaaaa and i took a .05 loss

[12:25] {Threei} on what eseZ?

[12:25] {ese} brcm

[12:26] {ese} in.74 out .69 last trade

[12:26] {Threei} oh

[12:26] {Threei} I don't know why you bothered with it at the moment

[12:26] {Threei} market wass dead

[12:27] {Threei} BRCM is not usually moving without market

[12:27] {ese} i just get krazzzy you know......say that with italian accent

[12:28] {Threei} I can't... my accent is the only one I have

[12:28] {ese} and it's cool too!!

[12:28] {ese} gives me that real worldly sense when i'm talkin to you

[12:29] {Threei} (EU) Italian PM Berlusconi: Not expecting Germany to veto ECB's Draghi as a replacement for the current ECB chief Trichet

[12:29] {Threei} - Note: Reports circulated that Germany's Weber was in contention for the spot as head of the ECB

[12:29] {Threei} (GR) Greek PM Papandreou: Insists that Greece never requested any aid, reiterates will do what is necessary to deal with crisis (related EUR/USD SOVRX BUNDS NBG )

[12:29] {Threei} I have to say, I dpon't think I've ever seen market being this sensitive to what's happening in Europe

[12:30] {Threei} asian crisis, russian crisis, south america crisis... it's all we've seen

[12:30] {ese} thats a good point

[12:30] {Threei} Europe - first on my memory

[12:30] {ese} talking about real world.....i'm 2 real world cents dn in stec

[12:31] {Threei} AMSC never gave us pullback

[12:31] {Threei} not chasing it anywasy

[12:31] {Threei} this stock can punish chasing more cruelly than Spanish inquisitor punishes heretics

[12:31] {larisa} todasy, anywasy.. vad:)

[12:32] {Threei} they really need to move keys further apart Larisa

[12:32] {Threei} or I need to stop typing with my elbows

[12:36] {dino} you need a bigger keyboard vad, like those big button remotes

[12:37] {Les} NTGR returning to 24

[12:45] {Threei} ok guys

[12:45] {Threei} let's decide on the direction

[12:45] {Threei} IMO, we are reversing for the moment

[12:45] {Threei} downtrend is likely for the next little while

[12:46] {Threei} but today everything is discretionary, so if you don't feel it's right, simply stay away

[12:46] {Threei} next couple aslerts will be on a short side

[12:47] {Threei} Short Setup: RIMM .75 break half lot

[12:48] {Threei} high of this bounce will define the stop level, and invalidation is .90 for now

[12:48] {Threei} ok, if you are very stingy, keep .85 break as stop level

[12:50] {strider} not much of a bounce

[12:51] {Threei} I still prefer .90

[12:51] {Threei} and would start trailing it after loss of .70

[12:51] {strider} in .74

[12:54] {Threei} (GR) Reportedly EU will work on further details concerning support for Greece on Monday - unconfirmed report

[12:55] {Les} Are there federal communication laws that restrict us from creating our own rumour business?

[12:56] {Threei} I'd suggest to exploit existing ones by delegating nemo in the Rumor Bunker as our spy

[12:56] {Threei} more cost effective

[12:56] {Les} rumor bunker?

[12:57] {Threei} yes.. one under the Gossip Plaza in Hearsay City

[12:57] {Threei} where all this stuff is being produced

[12:59] {Les} ntgr

[13:00] {Threei} RIMM no worky

[13:00] {Threei} first stop for today

[13:00] {fernp} .stopped RIMM

[13:01] {strider} my 2nd

[13:02] {strider} ihr

[13:03] {Threei} reversal notion is wrong so far

[13:03] {Threei} backing away

[13:06] {Les} averaging in ntgr .90

[13:10] {Threei} short?

[13:10] {fernp} SCO, VAd?

[13:11] {Threei} hmm

[13:11] {Threei} what do you see in there??

[13:12] {fernp} .50 break short

[13:12] {fernp} stop above .60

[13:12] {Threei} 50/50 play

[13:12] {Threei} can work, can fail, roll a dice

[13:12] {fernp} already in

[13:12] {nemo} market going higher

[13:13] {fernp} out here

[13:13] {Threei} good roll then

[13:13] {fernp} :-)

[13:14] {fernp} easier for me to see these plays than your RIMM or X calls :-)

[13:16] {Threei} very slow day

[13:16] {Threei} no rythm

[13:19] {ese} am outta here all see ya tomorrow

[13:20] {Threei} take care ese

[13:20] {Les} ciao

[13:20] {fernp} bye ese

[13:25] {Threei} (US) Fed's Fisher: Monetizing debt would be bad for the economy; Fed should be independent

[13:25] {Threei} - Fed must evaluate unwinding policy

[13:25] {Threei} - Recent Fed policy has helped to revive private credit flow and borrowing; economy is 'slowly clawing' its way back but there are still many roadblocks

[13:26] {Threei} UAUA at it again

[13:27] {Threei} (GR) France and Germany are cooperating on Greece rescue plan - WSJ

[13:27] {Threei} sigh

[13:28] {nemo} market should take off on that

[13:30] {Threei} I guess I am too careful today

[13:34] {strider} .

[13:36] {lasertrev} strider dcc

[13:36] {nemo} nothing giving up their trend lines

[13:37] {Threei} in case anyone cares:

[13:37] {Threei} (VN) Vietnam central bank sets a new reference rate of 18,544 VND/USD; adjusted from 17,941 VND/USD

[13:50] {Threei} once again, same question

[13:51] {Threei} are we reversing here?

[13:51] {nemo} no

[13:52] {nemo} indices come back to the 50 period area an continue

[13:54] {Threei} I want to short FITB

[13:54] {nemo} fas is showing weakness

[13:55] {Threei} MNTA

[13:55] {Threei} Momenta Pharmaceuticals Inc Hearing Rodman & Renshaw positive note being circulated (timing uncertain); reiterates call from Feb 5 Rodman note

[13:55] {Threei} - Rodman expects FDA will soon grant approval for M-Enox and believe the stock could "jump to the $20's" on the approval.

[13:55] {Threei} - note: MNTA is scheduled to report earnings tomorrow before the US open.

[13:55] {Threei} Short Setup: FITB .80 break if stays below .85

[13:56] {Threei} there... 5 cents risk, it doesn't get any safer that that

[13:58] {Threei} gnslng, welcome back

[13:59] {gnslng} ty

[13:59] {Threei} sheesh, I foergot how hard it it to type your nick... couldn't you insert a single vowel in it?

[14:00] {gnslng} i thought I would have the opportunity to change it,, which I would like to

[14:00] {Threei} Wednesday, February 10, 2010 2:00:14 PM

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

[14:00] {Threei} - NYSE volume 560M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - VIX index -4.5% to just under 25.00

[14:00] {Threei} just e-mail admin, he'll take care of it

[14:00] {nemo} aig

[14:02] {Threei} Fed's Fisher: Funds rate target is becoming less effective - Q&A

[14:02] {Threei} uh oh

[14:04] {Threei} - Fed will definately make use of power to offer interest on reserves.

[14:04] {Threei} - Can also sell assets, use term deposits and do reverse repurchase deals

[14:13] {Threei} US) Fed's Fisher: USD will remain world's reserve currency

[14:13] {nemo} this might be the start, if the indices fail at resistance on the 50 ma

[14:14] {Threei} it's time

[14:15] {larisa} told you.. better make snowman

[14:16] {Threei} three problems with that

[14:16] {Les} yeh maybe you could send voice mail next time we have this vad

[14:16] {Threei} a) I am not interested in snowmen, only on snowgirls

[14:16] {Threei} b) there is no snow here

[14:16] {Threei} c) my sluptoring talents are, ummm

[14:16] {Threei} sculpturing

[14:17] {strider} Besides, a snowman requires an extra carrot.

[14:17] {Threei} not much better than my typing

[14:17] {larisa} then your only choice is to watch this market :)

[14:17] {Threei} (IA) IAEA: Iran mentions it will begin production of higher enriched uranium shortly after preparations complete (related GLD XAU/USD USO )

[14:22] {Threei} as if we haven;t heard from Greece today,

[14:22] {Threei} GR) Greece Fin Min: confirmed EU ministers discussed Greece and Juncker will present the common lead at the EU summit

[14:22] {Threei} fiiiinally

[14:22] {fernp} ty

[14:22] {Threei} FITB 1:1 for extreme hard core scaslpers

[14:23] {Threei} Les, that's your type I scalp

[14:23] {Les} ty vad, but I want more

[14:23] {Threei} no problemn, me too

[14:24] {Threei} just wanted to illustrate the point we discussed earlier

[14:24] {Les} understood

[14:24] {Threei} how type I is done - thick slow stock, hugeliquidity, big shares, smallish move

[14:25] {Les} half out. watching 200 ma as potential reversal point at .69

[14:26] {Threei} thank you Les, my retirement is one step closer

[14:26] {Les} you call this a job?

[14:26] {Les} aren't you retired already?

[14:27] {Threei} I have to wake uop when market opens, not when I feel like it, ain't I?

[14:27] {Les} no, but we are always appreciative of your presence :)

[14:28] {Threei} yeah yeah

[14:28] {Threei} that's why nemo greets me each morning with "oh no, not again... opps, err, good morning"

[14:29] {nemo} now, you're making things up

[14:29] {nemo} that's what I think when les logs in

[14:29] {Threei} of course I do... that's how I underatnd fun

[14:29] {Threei} granted, poor understanding

[14:29] {Threei} but what can I do, my sense of humor got frozen at 14 years old level

[14:30] {Threei} people drop in cake face first, I am laughing... cake happens to lie in the puddle, I am hysterical

[14:31] {Les} I can see why you had to Ukraine mafia Vad. Perhaps not most compatible personality type

[14:31] {Threei} yes, that must be it

[14:31] {Les} had to flee Ukrainian mafia

[14:32] {Threei} what the deuce with AIG today

[14:32] {Les} all out .71 fitb

[14:32] {Threei} half out .70 here

[14:33] {Threei} bidding second half .64

[14:33] {Les} crap

[14:33] {Threei} stop b/e

[14:37] {Les} bye bye ntgr

[14:38] {Threei} excuse me:

[14:38] {Threei} TCY.UK Certain 3i Group units considering sale of some ownership in Telecity

[14:38] {Threei} hmmm

[14:38] {Les} out ntgr +.20

[14:38] {Threei} wtg

[14:38] {Threei} things clear up Les, eh?

[14:39] {Les} I broke some of your rules on ntgr

[14:39] {Les} got stopped out on the squeeze with strider this morning

[14:40] {nemo} aig bolted again

[14:40] {Les} didn't take the stop second time after shorting at 11:10

[14:41] {Les} too me it was a weak SOB and I waited for it to come back to me

[14:41] {Les} not a regular trade of mine but did it on this occasion

[14:41] {Threei} I would slap you with frozen trout but I am currently very busy with this:

[14:41] {Threei} 3i group also exploring bidding for some assets being sold by the UK Govt in efforts to trim debt

[14:45] {Threei} here her fitty... 1 cent more

[14:46] {Threei} (US) Treasury Sec Geithner: Access to credit is improving

[14:46] {Threei} whose? geithner's?

[14:46] {Threei} (GR) Spain PM Zapatero: Eurozone most assist Greece

[14:46] {Threei} yeah yeah

[14:47] {Les} ntgr

[14:48] {Les} wrong screen

[14:52] {Threei} (US) Treasury Sec Geithner: Access to credit is improving, cost of loans has fallen sharply, plenty of work remains to be done

[14:52] {Threei} - If Congress passes Obama Administration bank fee plan, ultimate cost of bailouts will be zero

[14:52] {nemo} yeah, right

[14:52] {Threei} how's that?

[14:52] {Threei} what about GM?

[14:52] {Threei} Chrysler?

[14:53] {Threei} GOOG Iranian govt announces it will shut down g-mail, plan to initiate national e-mail service - WSJ

[14:57] {dino} fnm, fre

[14:58] {Threei} nop way

[14:58] {Threei} not that crap

[14:59] {dino} no, i was saying zero cost is bs, fnm, fre are hundrerds of billions

[14:59] {Threei} oh

[14:59] {Threei} whew

[14:59] {Threei} I thought you suggest to look at the stocks

06[15:00] * nemo slaps dino around a bit with a large trout

[15:00] {Threei} prepared to call nearest institution to ask them to check up on you

[15:00] {dino} lol

[15:01] {larisa} nearest to dino or you? :)

[15:02] {nemo} Three Mile Island

[15:02] {Threei} to me of course Larisa, it's snowing where he is

[15:02] {nemo} actually raining near boston

[15:04] {Threei} AOL Announces integration of instant messenger with Facebook Chat (related EBAY GOOG )

[15:18] {fernp} SLE ending on highs

[15:20] {Threei} so far, not very active but profitable day

[15:20] {Threei} in a big sceme of things, flat day with decreasing volume

[15:22] {Threei} staying ratjer close to yesterday's lows

[15:22] {Threei} indicates mostly indecisiveness with sliiiight negative bias

[15:29] {Threei} am I the last one not to fall asleep?

[15:30] {billyc} thanks for the calls i had a good day see you in the am

[15:30] {Threei} take care billy :)

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 725M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[15:40] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; decliners lead advancers by 1.1:1.

[15:40] {Threei} - VIX index -3.25% to just over 25.00

[15:43] {nemo} aig is back in play

[15:43] {strider} The wind got my cable connection here.

[15:43] {strider} Using DSL backup :)

[15:43] {Threei} wow really?

[15:43] {strider} yep

[15:44] {Les} that's being prepared

[15:44] {strider} I've had more trouble with cable than you'd ever have the patience to listen to.

[15:45] {strider} Of course they're both above ground lines, so the DSL could go too.

[15:45] {Les} I remember blackouts in Australia. But here everything is buried. Can't remember the last time I had power failure or lost connection

[15:46] {strider} Come to the USA.....we're still in the 19th century.....but.....

[15:46] {strider} we have guns!

[15:46] {nemo} I was just going to say that

[15:46] {Les} you'd be surprised how well armed swiss citizens are

[15:46] {strider} So, when cable goes out.......nemo can shoot the tv.

[15:46] {strider} No, I wouldn't.....I know about the swiss.

[15:47] {larisa} he has postal worker list :)

[15:47] {strider} But I also know that you can't carry them with you, on a daily basis.

[15:47] {nemo} Yeah, you're part of the militia

[15:47] {strider} They have to stay in the closet.

[15:47] {nemo} kinda' like you les

[15:47] {Les} don't ask, don't tell

[15:47] {nemo} hehehehe

[15:47] {larisa} lol

[15:48] {Threei} lol

[15:48] {larisa} les how old are you?

[15:48] {Les} oooooooooooh

[15:48] {Les} now we're getting personal

[15:48] {larisa} we are

[15:48] {Les} 35

06[15:48] * nemo slaps Les around a bit with a large trout

[15:48] {strider} he's an infant.

[15:48] {Les} no I'm not

[15:48] {larisa} I thought 25

[15:48] {Les} you are old

[15:49] {strider} but then, so are you, larisa.

[15:49] {nemo} mentally?

[15:49] {strider} not larisa.

[15:49] {Threei} that's nothing Les... dptl once asked me about size of my monitor - THAT was personal

[15:49] {strider} maybe les.

[15:49] {Les} lol

[15:49] {strider} your lizard?

[15:49] {nemo} he uses a magnifying screen too

[15:49] {Les} monitor translates differently in ukrainian?

[15:51] {Threei} no... I just interpret things in their most gutter-bound meaning

[15:51] {nemo} consistent about it though

[15:52] {Les} oh you must be the life of the party in the Bahamas hey!

[15:52] {Threei} well, just ask those who attended the boat about the Russian way to drink Bahama-mama

[15:53] {larisa} not all Russians are like that

[15:53] {Les} that cocktail of liquor you were drinking would make me vomit

[15:53] {nemo} frickin' sheila

[15:53] {Threei} I wasn't drinking cocktail

[15:53] {Les} you russian Larisa?

[15:53] {Threei} I was drinking rum

[15:53] {Threei} cocktail I used to wash rum down with

[15:53] {nemo} bears defecate in the woods les?

[15:54] {larisa} I am, and I do not drink

[15:54] {nemo} now that's an oxymoron

06[15:54] * larisa slaps nemo around a bit with a large trout

[15:54] {Les} ah so you are that intelligent charming trader Vad was referring to in MPP

[15:54] {strider} nno, nemo. You're an oxy moron.

[15:55] {larisa} no les. I am bot charming or that other word

[15:55] {nemo} strider...that sucked

[15:55] {Les} don't think he said charming. I just made that up

[15:55] {larisa} bot=not

[15:55] {strider} You leave that darling russian girl alone.

[15:55] {nemo} bot=bought=shopping=woman=Larisa

[15:55] {larisa} ty strider

[15:56] {Threei} asylum

[15:56] {Les} that's what the casual readers will think

[15:56] {nemo} rather accurately

[15:56] {Les} you won't see a new client in years at this rate

[15:56] {Threei} closer to rtetirement then

[15:57] {strider} He'll get all the russian women, though. Which is his goal.

[15:57] {Threei} The euro cannot survive if the national interests of EU countries are to prevail, says Simon Heffer

[15:58] {Les} they should of thought of that before introducing euro then

[15:58] {dino} gn all, have o shovel

[15:58] {strider} All for one, and one for...uh....one.

[15:58] {dino} to

[15:59] {Threei} thank you sll

[15:59] {larisa} we have 8 inches too dino. if it makes you feel better :)

[15:59] {Threei} all

[15:59] {Threei} have a good evening, see you later

[15:59] {larisa} bye all :)

[15:59] {strider} :)

[15:59] {Les} ciao

[15:59] {fernp} Good evening everybody. see u all tomorrow

[16:00] {nemo} ahhh...the one sane gentleman in the bunch

[16:00] {larisa} vad, do not forget to clean out this part of log :)

[16:00] {nemo} what...the last 2 hours?

[16:01] {strider} Just clean out Massachussetts, and the problem will be solved.

[16:01] {larisa} lol

[16:01] {nemo} come and get me :)

[16:01] {Threei} hmm

[16:01] {Threei} which part?

[16:01] {strider} I'll send my 'people'.

[16:01] {strider} I have 'people' you know.

[16:01] {nemo} Doesn't everybody

[16:02] {Raven} unbelievable

[16:02] {nemo} frickin' mynah

[16:02] {Threei} lol

[16:02] {larisa} 15:45 and later. delete that

[16:02] {Raven} goddamn zoo

[16:02] {strider} Boston accent.

[16:02] {strider} minah.

[16:02] {Threei} why... it's psrt of our charm, Larisa

[16:02] {Raven} myna

[16:02] {nemo} bird dude

[16:02] {larisa} it is not professional silly

[16:03] {Threei} let me see if I care

[16:03] {Threei} nope... I don't

[16:08] {Threei} PRU Reports Q4 $1.07 v $1.11e, R$6.79B v $6.9Be

[16:08] {Threei} not good

[16:08] {Threei} HIG

[16:09] {Threei} maybe a follower to PRU

[16:09] {nemo} holding so far

[16:12] {nemo} much ado about nothing much

[16:13] {nemo} bad sell, that guy at 22.94 those 50k shares of HIG

[16:13] {nemo} Vad

[16:14] {Threei} hmm?

[16:14] {nemo} just kidding

[16:15] {nemo} insurance companies should be interesting tomorrow

[16:15] {Threei} MET sold down a bit too