Feb 18 2010

The day started with two stops, 10 and 6 cents on NVDA and CAT. After some boredom and regrouping 4 wins in a row took us into black: NVDA and FAZ longs and VXX and AMLN shorts. That all was on top of profitable TM overnight short closed for nice profit before open.

Session Time: Thu Feb 18 00:00:00 2010

[08:30] {nemo} bad jobs and cpi?

[08:36] {Threei} *(US) INITIAL JOBLESS CLAIMS: 473K V 438KE; CONTINUING CLAIMS: 4.563M V 4.500ME

[08:36] {Threei} - Prior Initial Claims revised higher from 440K to 442K

[08:36] {Threei} - Prior Continuing Claims revised from 4.538M to 4.563M

[08:38] {Threei} *(US) JAN PRODUCER PRICES INDEX M/M: 1.4% V 0.8%E; PPI EX FOOD&ENERGY M/M: 0.3% V 0.1%E

[08:38] {Threei} - PPI YoY: 4.6% v 4.4%e

[08:38] {nemo} here it comes stagflation

[08:39] {Les} PPI? price _____ inflation?

[08:39] {Les} GM

[08:39] {nemo} producer price index, those costs eventually have to work their way through

[08:39] {Les} ok

[08:40] {Threei} and cpi - consumer price index

[08:40] {Les} yeh just made the connection

[08:45] {fernp} Good morning everybody

[08:46] {nemo} hola

[08:46] {fernp} nemo :-)

[08:48] {Les} hi fern

[08:49] {Les} TM made a good overnight short.

[08:49] {nemo} amzn at yesterdays lows

[08:49] {nemo} fcx too

[08:50] {nemo} rimm at yesterday's open

[08:51] {Threei} fern :)

[08:56] {Threei} covered TM

[08:56] {Threei} +.40

[09:03] {Les} you did take some did you? cool

[09:03] {Threei} [15:44] {Threei} am so tempted to take TM short home

[09:03] {Threei} [15:45] {Threei} and CYCC long

[09:03] {Threei} [15:57] {Threei} skipping CYCC

[09:03] {Threei} [15:57] {Threei} taking a little TM

[09:04] {Threei} both decisions proved correct

[09:04] {Les} ok

[09:06] {ese} morning

[09:06] {nemo} dude

[09:06] {Threei} ese :)

[09:06] {ese} dude

[09:06] {Les} curious about NTES. tracked sideways yesterdays. testing 200ma resistance on daily. wondering if its a breakout candidate

[09:06] {Les} hi ese

[09:06] {ese} les

[09:06] {ese} vad

[09:07] {Threei} it drifted up on decreasing volume Les...

[09:08] {Threei} I suspect it was simply lifted a bit by market, and barely reached ots high from two days ago, while market broke it

[09:08] {Threei} so I'd have to say no, it's more likely to fizzle out

[09:09] {Les} ok thanks

[09:10] {i2romantis} morning all :)

[09:10] {Threei} i2r :)

[09:11] {ese} i2

[09:11] {larisa} gm everybody :)

[09:11] {Threei} larisa :)

[09:12] {larisa} vad :)

[09:12] {nemo} lari :)

[09:12] {nemo} I2

[09:12] {larisa} :)

[09:12] {i2romantis} :)

[09:12] {ese} larisa

[09:13] {ese} vad your looking at anything in particular this morning

[09:13] {ese} you

[09:13] {Threei} usual suspects only, nothing stands out

[09:13] {i2romantis} Vad, what do you think about NVDA?

[09:14] {Threei} NVIDIA Corp Reports Q4 $0.23 v $0.20e, R $982M v $960Me

[09:14] {Threei} - Guides Q1 Rev flat q/q (implies $982M v $930Me)

[09:14] {Threei} - Guides Q1 gross margin 44-45%

[09:14] {Threei} - Q4 gross margin 44.7% v 29.4% y/y

[09:14] {Threei} NVDA Price Target raised to $23 from $20 at Thomas Weisel, maintains Overweight rating

[09:14] {Threei} and it drops?

[09:15] {Threei} this looks very familiar

[09:15] {Threei} and doesn't promise anything good for the nearest time

[09:15] {Threei} we saw quite a few of these lately: gpood reports, upgrades and drop

[09:15] {Threei} witnedd AMSC

[09:15] {Threei} RIGL

[09:15] {Threei} witness too

[09:16] {Threei} - CEO: "NVIDIA's business continued to accelerate in the fourth quarter, with strong demand in our PC and workstation market. While the yield of chips made using the latest 40nm process has improved significantly, demand continues to exceed our constrained supply. Looking ahead this year, we are excited to raise the bar again with our next-generation Fermi GPU architecture; our Tegra mobile processor will enable a new class of amazing mobile devices like tablets; and our 3D Vision glasses and accompanying technology will bring a whole new dimension to personal computing."

[09:17] {i2romantis} ok

[09:17] {Threei} NVDA is not as extreme case as AMSC, most likely it's simply dropped with market... nonetheless, inability to hold oin good announcement is to be respected

[09:17] {Threei} covered my TM too soon eh

[09:18] {Threei} RU) S&P Comments On Russia's Banking Sector And Inflation

[09:18] {Threei} - Double-digit inflation has become the norm over the years, so recent consumer price data showing a slowdown have raised fundamental questions.

[09:21] {dino} gm all

[09:21] {Threei} dino :)

[09:22] {dino} :)

[09:22] {Threei} strider :)

[09:22] {Threei} (pre-emptive greeting)

[09:22] {strider} hey there.....

[09:22] {strider} late this morning.

[09:22] {Threei} awww... a bit more patience and I could have full dollar on TM short

[09:22] {Threei} patience was never my strong suite eh

[09:23] {nemo} thank god for her

[09:24] {dino} lol

[09:25] {nemo} mmmhhh C&H on FAS?

[09:26] {Threei} as much as you can trust pre-market formations...

[09:26] {Threei} which is to say, not much

[09:27] {nemo} it invalidated looking for support at .50

[09:28] {dino} ouch xnpt

[09:29] {dino} wcg

[09:30] {_jfjf64} mornin all

[09:30] {Threei} jf :)

[09:30] {dino} aap

[09:31] {Threei} XNPT FDA response letter

[09:31] {Threei} zillion downgrades

[09:32] {lasertrev} morning

[09:32] {dino} b'zillion

[09:32] {_jfjf64} rimm

[09:32] {Threei} trev :)

[09:32] {nemo} yeah, verticle

[09:32] {nemo} cal

[09:33] {Threei} RIMM should pull back now

[09:33] {fernp} NVDA, Vad bounce?

[09:33] {Threei} not yet

[09:33] {fernp} ok

[09:34] {Threei} RIMM is likely long near .40 - .50

[09:35] {Threei} NVDA, note the high of this bounce, let's see if we catch double bottom

[09:35] {dino} hmmm bad news is good for mkt so far

[09:36] {Threei} no pullback RIMM

[09:36] {_jfjf64} nope

[09:37] {nemo} gap at 71

[09:37] {_jfjf64} whats plan b

[09:37] {nemo} go long

[09:37] {Les} you got a read on WCG Vad?

[09:37] {Threei} I'd hate to buy breakout on it here, jf

[09:38] {Threei} WCG no, too jumpy

[09:38] {Threei} dino's stock

[09:38] {dino} like to see double bottom

[09:38] {Les} yeh been waiting for him to enter :)

[09:39] {Les} ok

[09:39] {Threei} here comes NVDA pullback

[09:39] {Threei} try to get in as close to .50 as possible

[09:39] {dino} imo around 28 if gets there

[09:40] {Threei} with stop under .45

[09:40] {dino} mkt randon dancing

[09:40] {Threei} on .55

[09:40] {Threei} in

[09:42] {Threei} doesn't look promising

[09:42] {dino} stop is .43

[09:44] {Threei} RIMM finally pulling back

[09:44] {Threei} (US) Preview: Feb Philadelphia Fed due out at 10:00ET

[09:44] {Threei} **consensus expectations: 17.0e v 15.2 prior

[09:44] {Threei} US) Preview: Jan Leading Indicators due out at 10:00ET

[09:44] {Threei} ***consensus expectation: 0.5%e v 1.1% prior

[09:44] {dino} wcg sm l .00

[09:44] {Threei} NVDA stop

[09:45] {dino} stop lod

[09:45] {dino} nvda stopped

[09:45] {nemo} bye bye

[09:45] {fernp} NVDA stopped

[09:45] {nemo} support at .35

[09:45] {ese} dino orly.....have a look

[09:45] {Threei} RIMM

[09:45] {Threei} too fast to alert... took .60

[09:46] {Les} stopped and went short for +.09 on nvda

[09:46] {ese} Q beats.....by a .01

[09:46] {_jfjf64} nice job

[09:46] {Threei} NVDA pretty much gets this look of "endless selling pressure"

[09:46] {nemo} huge volume right here

[09:47] {dino} like it

[09:47] {dino} orly

[09:47] {dino} aap same industry

[09:47] {ese} just looked at that also

[09:47] {Threei} Short Setup: TM .50 break half lot

[09:48] {Threei} ugh... late

[09:48] {ese} L orly .11

[09:48] {Threei} ok, same setup, if holding under .65

[09:49] {Threei} invalidated

[09:49] {nemo} look for it to pullback at .80

[09:50] {dino} orly sm l .20

[09:51] {ese} out orly .22 =.10

[09:51] {ese} +.11

[09:51] {dino} gj

[09:51] {_jfjf64} nice

[09:52] {ese} tks

[09:52] {ese} aap

[09:52] {Les} s xnpt .64

[09:52] {Threei} anyone caught RIMM?

[09:52] {dino} giddy-up

[09:52] {ese} you thinkin anything there dino

[09:52] {ese} .00 break

[09:53] {ese} ?

[09:53] {dino} wcg .39 was last hi

[09:53] {dino} rimm, no es, hate it

[09:54] {ese} thats good enough for me if you hate it

[09:55] {Threei} Long Setup: CAT .80 break

[09:55] {Threei} if stays above .75

[09:55] {dino} nvda l .50

[09:56] {dino} out wcg .49, +.49

[09:56] {Threei} no go CAT

[09:56] {fernp} CAT stopped

[09:56] {Threei} backing off, 4 min till numbers

[10:00] {Les} stpped xnpt

[10:00] {Threei} US) JAN LEADING INDICATORS: 0.3% V 0.5%

[10:00] {dino} gutsy les

[10:00] {Threei} *(US) FEB PHILADELPHIA FED INDEX: 17.6 V 17.0E

[10:00] {Les} missed open break low at .80. thought it would go lower

[10:01] {dino} i understand, gutsy imo to short something down 13 bucks

[10:01] {Les} .40 b/d on NVDA?

[10:02] {Threei} COIN Targets 75 Percent Increase in Food Waste Processing at Woodbridge Plant

[10:02] {dino} ugh ecg

[10:02] {Threei} can't tell on NVDA

[10:02] {dino} wcg

[10:02] {nemo} market o.k. with those numbers

[10:02] {nemo} rally back on

[10:03] {ese} orly nice move

[10:03] {dino} ty es

[10:03] {Les} double top wcg dino?

[10:04] {dino} dk

[10:04] {dino} breath drop then up imo

[10:04] {dino} out orly .40, +.20

[10:04] {dino} ty es

[10:06] {dino} wcg drops

[10:06] {ese} nice one dino

[10:07] {ese} L stx .05

[10:09] {dino} :)

[10:09] {dino} out nvda .62, +.12

[10:10] {ese} out stx .12 +.07

[10:11] {dino} gj

[10:11] {ese} tks....

[10:12] {ese} orly could keep going dino

[10:12] {ese} almost at high of day

[10:13] {dino} they all float down here

[10:14] {dino} wcg

[10:14] {nemo} day before op ex...probably big

[10:15] {dino} should breathe

[10:15] {nemo} triple digit green :)

[10:16] {ese} would appear that i underestimated stx

[10:16] {Les} NVDA .65 b/o?

[10:17] {ese} just didn't have vads T&S intensity

[10:17] {dino} wcg sm l .10

[10:18] {dino} stop is .88

[10:19] {ese} i missed that dino ...nice

[10:20] {dino} so far

[10:20] {dino} orly drop

[10:20] {Threei} YHOO MSFT receives anti trust approval from EU on internet search deal; as expected (related MSFT )

[10:22] {dino} wcg out flat

[10:23] {dino} retest imo

[10:23] {Threei} somewhat disconnected day, no rythm to the movements

[10:23] {dino} tricked me

[10:23] {dino} random dance day

[10:24] {dino} cab

[10:24] {Les} yeh. NVDA made 1:1 before falling back. out flat

[10:24] {_jfjf64} hv a vodka will mk all betterr

[10:24] {dino} have two

[10:25] {Threei} 34% Favor Raising Taxes On Those Making More Than $100,000

[10:25] {Threei} 66% favor shooting 34%

[10:26] {_jfjf64} bet ya those 34%mk 25000 yr

[10:26] {Threei} if that

[10:26] {dino} indeed jf

[10:27] {dino} ironically lowering taxes would spur growth

[10:27] {_jfjf64} indeed dino

[10:27] {Threei} right way to present the funding would be: 100% of those making less than 80K favor raising taxes on those making more than 100K

[10:27] {dino} they are going back to the 70s thinking

[10:28] {_jfjf64} by the way how obama stimulas doing

[10:28] {fernp} HA, any read Vad?

[10:28] {_jfjf64} kgc .05 break

[10:29] {Threei} 35% Say Stimulus Has Helped Economy, 33% Say It Has Hurt

[10:29] {_jfjf64} and

[10:29] {Threei} chart is right fern.. thin

[10:29] {fernp} true, ty

[10:29] {Threei} hard to tell

[10:31] {dino} mkt drop

[10:31] {fernp} UAUA breakdown, Vad?

[10:31] {_jfjf64} in

[10:31] {fernp} cant short UAUA

[10:32] {Threei} was shortable yesterday

[10:32] {Threei} really can't twell

[10:32] {Threei} it doesn't seem to work on breakdowns

[10:32] {Threei} rather drops off stalls at the high

[10:33] {ese} screens going red

[10:33] {fernp} cannot short as per sec! why "as per sec"? lol

[10:33] {Threei} we are going for triple digit red close, didn't you hear ese?

[10:33] {nemo} tht was yesterday

[10:33] {Threei} just an euphemism for "no inventory" fern

[10:34] {Threei} since SEC forbids shorting when not having shares

[10:34] {fernp} ok

[10:34] {Threei} it's every day nemo,... until comes true

[10:35] {Threei} AIG Fitch downgrades ILFC's rating two notches to BB+ from BBB (now junk status)

[10:35] {Threei} they mean AIG ever wasn't junk?

[10:35] {ese} ahhhhhhh the ole triple digit red close.........nudge nudge wink wink

[10:36] {Threei} hmmm... how did you manage to make it sound dirty?? :)

[10:37] {nemo} Monty Python

[10:37] {ese} well.......let me tell ya a story..........it all began in a smaalll toon

[10:37] {_jfjf64} comon kgc

[10:38] {_jfjf64} 1/1

[10:38] {_jfjf64} half out

[10:38] {dino} wcg sm l .87

[10:39] {dino} stop .59

[10:39] {Threei} good one jf

[10:39] {Threei} getting back into shape eh?

[10:39] {_jfjf64} yup

[10:40] {dino} gj

[10:40] {_jfjf64} out ty

[10:43] {ese} L stx .06

[10:44] {ese} fishing here a little ....we'll see what happens

[10:45] {ese} stop .94

[10:45] {ese} sm 1k

[10:46] {_jfjf64} 1k tip money for ya ese

[10:46] {ese} ahhhhh why yes it is..........why do you ask? hmmmmmmmm

[10:46] {_jfjf64} lol

[10:47] {Threei} NVDA

[10:47] {Threei} seems to be good for scalp

[10:48] {Threei} .55 - .56

[10:48] {Threei} stop under .50

[10:49] {fernp} FITB short, vad?

[10:50] {Threei} way too narrow

[10:50] {fernp} ok

[10:50] {Threei} NVDA 1:1

[10:51] {Threei} 1 stop is remedied so to speak

[10:51] {Threei} SEED Hearing takeover chatter circulating

[10:51] {Threei} - Brazil's Cosan rumored as a possible acquirer.

[10:52] {ese} if Q's can't break out above .69 i'm out there won't be enough momo

[10:53] {dino} orly es

[10:56] {dino} cab lod

[10:56] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET

[10:56] {Threei} **consensus expectations:

[10:56] {Threei} Crude: +1.7Me

[10:56] {Threei} Gasoline: +1.5Me

[10:56] {Threei} Distillate: -1.6Me

[10:57] {ese} i'll take that out stx .18 +.12

[10:57] {ese} will take a look at orly dino

[10:57] {dino} gj

[10:57] {_jfjf64} nvda ty vadd

[10:57] {Threei} 1:2

[10:57] {Threei} welcome sir

[10:58] {dino} ndx hod

[10:58] {dino} cab sm l .50

[10:58] {Threei} I know why we don't get trople digit red close

[10:58] {Threei} it's dino and larisa's fault

[10:58] {ese} what are you thinkin with orly dino

[10:59] {dino} long at .00

[10:59] {ese} bounce at .00

[10:59] {ese} just what i was thinkin

[10:59] {dino} wait

[10:59] {ese} momo is still dn......

[11:00] {ese} thinkin alike

[11:00] {Threei} *DOE CRUDE: +3.1M V +1.7ME; GASOLINE:+1.6M V +1.5ME; DISTILLATE: -2.9M V -1.6ME

[11:00] {ese} ya it has to reverse

[11:00] {dino} .80 should hold

[11:01] {ese} ya am gonna need to see a high low of some kind i think

[11:01] {nemo} .75

[11:01] {nemo} maybe the bottom of that tail

[11:01] {ese} higher low

[11:04] {dino} hmmm

[11:06] {Threei} market is rewady to reverse down here

[11:07] {nemo} arabic?

[11:08] {Threei} Long Setup: FAZ .80 break

[11:08] {Threei} scalp only

[11:09] {_jfjf64} stop

[11:09] {_jfjf64} at

[11:09] {_jfjf64} .75

[11:09] {Threei} two versions of stop:

[11:09] {Threei} under .70 for "normal" scalpers,

[11:10] {Threei} under .75 for extreme ones

[11:10] {Threei} if sets up not losing .75

[11:10] {nemo} usl still up after those oil numbers

[11:12] {ese} question....don't gold stocks normally move opposite the mrkt?

[11:12] {Threei} not necessary

[11:12] {Threei} this relation is ever changing

[11:12] {dino} watch dollar on gold reverse

[11:12] {Threei} lately they tend to move togather

[11:12] {ese} whats the symbol for that dino

[11:13] {ese} ya thats what i thought vad.....they've been moving together lately

[11:15] {Threei} FAZ spiked into resistance a bit too vertically

[11:15] {dino} uup

[11:15] {nemo} orly bounced at .75 but not sure yet

[11:15] {Threei} .75 break was better idea but happened too fast

[11:15] {dino} waiting

[11:15] {nemo} volume coming in

[11:16] {Threei} I'd prefer FAZ to pull back a little one more time, and hold above .75 to reestablish setup

[11:16] {Threei} yes, like this

[11:17] {Threei} liking the break again

[11:17] {ese} L auy .85

[11:18] {dino} xnpt lod

[11:19] {Threei} one look at XNPT daily should be enough to cure the desire to be, as magoo called them, an "inwestor"

[11:20] {Threei} just imagine a holder waking up today and seeing the quote

[11:20] {ese} wow no kidding.....

[11:20] {Threei} sheer disbelief... then blinding pain

[11:20] {nemo} marriage?

[11:20] {Threei} then beam of hope - "my quotes must be wrong"

[11:20] {dino} 5.95 area gut

[11:21] {Threei} then reading the news

[11:21] {Threei} conversing with other holders and drowning the pain in useless bitching about "crooks everywhere, they are after us, FDA, marketmakers etc"

[11:22] {nemo} schadenfreude Vad?

[11:22] {Threei} beam of hope: "oh it's so undervalued now, just consider it a gift and buy more"

[11:22] {Threei} did I mention more pain?

[11:22] {nemo} boy is really on a roll...

[11:22] {Threei} hehe

[11:23] {Threei} just saw it so many times

[11:23] {Threei} and experienced once

[11:23] {ese} nemo.......just saw your comment........thats funny man!

[11:23] {nemo} have my moments...

[11:24] {Threei} and no, not deriving any pleasure from it

[11:24] {dino} lol

[11:24] {nemo} nah...

[11:24] {Threei} rather feel for those who get caught

[11:24] {dino} clw

[11:24] {nemo} yeah you feel..."haha! suckers! it's your turn..."

[11:25] {ese} i take it you have some experience there........you seem to be coming from an exacting point of view

[11:25] {Threei} I mean, 13 years later I still remember the symbol of the stock that did just this to me

[11:25] {ese} me as well

[11:25] {nemo} dino, think one more flush on orly then break?

[11:25] {Threei} but in retrospection, I am thankful to it

[11:26] {Threei} it sealed my resolve to be a short term trader, and it taught me all-important lesson

[11:26] {Threei} trade what you see, not what you think

[11:27] {Threei} FCX

[11:27] {Threei} Freeport McMoran Copper & Gold Inc Ticking lower; hearing vague chatter of a possible secondary offering

[11:27] {Threei} - Follow Up: hearing Dahlman Rose defending stock; skeptical on possible secondary; currently rates FCX at a Buy

[11:27] {nemo} fcx is up 1.25

[11:28] {dino} wcg stopped, -.29, dumb trade of the day, had .40 on it

[11:30] {dino} clw to 50 strike, the games we play

[11:30] {nemo} getting volume in orly

[11:30] {nemo} looks like they're trying to sell it down, but it's holding

[11:31] {Threei} small plane crashes into building in Austin

[11:31] {Threei} what the deuce

[11:31] {Threei} third in as many days

[11:32] {larisa} pilot was XNPT investor?

[11:32] {Threei} and I am being called nasty?

[11:32] {Threei} by the way by this same girl

[11:32] {nemo} oops...orly broke support

[11:33] {Threei} MGM Expect Las Vegas room rates to remain soft in Q1

[11:34] {Threei} remain? how come they all claim rates are "soft" but I don't seem to be able to get any significant discount?

[11:34] {dino} ahh, you sure thats what they meant

[11:34] {larisa} you going to Vegas vad?

[11:34] {Threei} they sofrly charge you more?

[11:35] {Threei} no, had a long weekend in the fall when a few friends from different cities tried to plan a get-together there

[11:35] {Threei} it fell apart for other reasons,

[11:36] {Threei} but while planning was underway, research didn't yeild any significant savings vs normal prices

[11:36] {Threei} Small plane crashes into Austin, Texas building; reportedly building housed an FBI field office

[11:36] {Threei} - firefighters are on the scene.

[11:36] {Threei} well, unless you agree on Circus Circus that is... which I don't

[11:37] {larisa} X was too slow at the top, did not take 51.10 short.

[11:37] {Threei} finally FAZ... took its sweet time

[11:38] {Threei} - follow up: subsequent reports state the building is next to the local FBI headquarters building.

[11:38] {Threei} 1:1

[11:38] {Threei} I am out FAZ

[11:38] {Threei} second stop is take back

[11:38] {Threei} flat for the day

[11:38] {fernp} +4 here :-)

[11:39] {Threei} +$4?

[11:39] {fernp} yup

[11:39] {Threei} well, you do know what you can't do, right?

[11:39] {Threei} by no means spend it all at once, lest you cause hypwerinflation singlehandedly

[11:39] {fernp} yeah, lol

[11:43] {dino} wcg rinsed

[11:45] {nemo} orly at resistance

[11:45] {dino} clw wow

[11:46] {dino} orly sm l .75 stop .44

[11:46] {dino} clw waiting lower, 47.70s

[11:50] {strider} TM reverse c&h

[11:54] {dino} clw hmmm

[12:09] {nemo} fcx consolidating at 200

[12:16] {ese} \

[12:18] {Threei} (IA) IAEA: Iran's stockpile of enriched uranium over 2 metric tons from 1.8 metric tons prior, installed centrifuges up slightly to 8,610

[12:18] {Threei} - IAEA inspectors note they are concerned about possibility work is currently ongoing in Iran to design a nuclear missile.

[12:19] {dino} risky, wide clw sm l .40

[12:19] {dino} out .41, +1.01

[12:19] {strider} 60 second man

[12:20] {dino} hey

[12:20] {nemo} hit home dino?

[12:20] {dino} lol

[12:21] {nemo} took that out without even getting near trend resistance...sheeesh

[12:21] {nemo} at lunch...

[12:21] {nemo} you're nuts

[12:22] {strider} guys like dino walking around loose on the streets....just plain scary.

[12:23] {dino} infamous

[12:23] {dino} lets see if bottom holds

[12:24] {dino} report looks like a big beat

[12:25] {nemo} on clw

[12:25] {dino} yes

[12:25] {nemo} .25 spread .owww

[12:26] {dino} 1.48 to 1.33

[12:26] {Threei} ultimate kettle-pot case:

[12:26] {Threei} 12:21] {nemo} you're nuts

[12:26] {nemo} expert opinion

[12:27] {Threei} takes one...

[12:27] {nemo} my point...as you like to say...eqkzaktly

[12:27] {dino} been called worse

[12:27] {nemo} by me no less, you just didn't know

[12:28] {dino} i had a feeling

[12:29] {Threei} be back in 30 min guys, gotta get wife's car from the shop

[12:29] {larisa} wives always break things

[12:30] {Threei} they do

[12:30] {Threei} fine shiny things, too

[12:30] {strider} Best advice for women: don't become a wife....and you won't bfreak things.

[12:30] {larisa} hubby fixed switch. tried it 50 times, it worked. I tried it once, broke it again :)

[12:30] {strider} break

[12:31] {strider} It was a trick, larisa.

[12:32] {larisa} he is not practical joker usually :)

[12:33] {nemo} he's got a sense of humor though

[12:33] {nemo} I'll leave it at that...

[12:36] {dino} sm l .21 clw

[12:37] {ese} out auy .80 -.05...........it's saaa goin nowhere

[12:38] {Les} we in anything?

[12:38] {Les} Les IS back

[12:38] {nemo} COMA

[12:38] {Les} oh joy

[12:38] {nemo} by the way, the proper acronym is: AWIAV

[12:38] {dino} clw

[12:39] {Les} I believe that is copyleft of magoo Nemo

[12:39] {Les} good idea on the miners ese. GG .20 b/d was sweet

[12:39] {nemo} no...he was AWIA...I added the V

[12:39] {nemo} What's that guy's name from GNU...oh yeah...Stallworth

[12:40] {nemo} Free Software Foundation

[12:43] {ese} ya ....mine didn't work out though les.......although i sense some profit here eventually

[12:43] {Les} NTES has become thin. dino trade. but now under 50 & 200. I like it for a small short

[12:45] {dino} out clw .27, +1.06

[12:45] {strider} you shut up!

[12:46] {nemo} go home

[12:46] {dino} huh?

[12:46] {nemo} raise his taxes

[12:46] {strider} vad, throw this guy outa here.

[12:46] {nemo} indecent, obscene profits

[12:46] {dino} small guys, 300 sh

[12:47] {strider} oh, well...ok then.

[12:47] {nemo} let's see. 1st time...$300 for 1 minute's work

[12:47] {strider} never mind.

[12:47] {dino} whew

[12:47] {nemo} 2nd time...$300 for 10 minutes work

[12:47] {nemo} listen comrade....:)

[12:47] {dino} evil speculator that i am

[12:48] {dino} pullback

[12:48] {nemo} swm coughed up a firball today

[12:48] {nemo} holds 46 could have a reverse H&S

[12:48] {dino} sames industry clw

[12:49] {nemo} eureka...shoulda' known it was going to happen

[12:50] {dino} those paper/forest companies trade like "pulp"

[12:50] {nemo} gag

[12:50] {dino} "pulp moves baby"

[12:51] {Les} someone's doing god's work here

[12:52] {Les} nice trades dino. what were they?

[12:52] {nemo} FAS downward wedge into yesterday's close price

[12:53] {dino} clw twice

[12:54] {dino} around 45 i'll look again

[12:55] {dino} enoc dec gap fill

[12:56] {Les} MS range bound between .10 and 27. might be breaking out here

[13:00] {nemo} that texas plane crash was a guy trying to get the IRS building

[13:01] {Les} another crash?

[13:01] {nemo} http://www.foxnews.com/story/0,2933,586581,00.html

[13:01] {Threei} back

[13:02] {Les} well he crashed into the wrong floor apparently

[13:02] {dino} aap jump

[13:02] {dino} c'mon orly follow it

[13:03] {Threei} scrolling up, I see asylum is in full force

[13:03] {nemo} dino was verrrry bad.

[13:03] {Threei} the most disturbing thing though is, I feel right at home...

[13:03] {dino} understandable, lol

[13:03] {strider} we prefer to think of it as a refuge.

[13:04] {dino} the guys seem a bit disappointed in me vad, i disturbed their lunch w/work

[13:04] {nemo} no....obscene profits

[13:05] {Threei} can you really blane them dino...

[13:05] {dino} this politically correct way of talking about profits must stop. all profits are good

[13:05] {nemo} really?

[13:05] {dino} yes

[13:05] {nemo} So, if I mug a guy and steal his wallet...is that good

[13:05] {nemo} What's your address?

[13:06] {Threei} it's not?

[13:06] {dino} w/o breaking the law, profits are not obscene they are good

[13:06] {nemo} oh...

[13:06] {nemo} so do what congress says, not what they do?

[13:07] {dino} right

[13:07] {dino} like i tell my kids, do as i say....

[13:07] {Les} bunch of free thinking radicals here. gonna pass on some handles to the FBI

[13:07] {Les} or the IRS

[13:07] {dino} i will "shrug"

[13:08] {nemo} thanks "Atlas"

[13:08] {dino} i am going to read it again this spring

[13:08] {Threei} wow

[13:08] {nemo} don't...

[13:08] {Threei} that's what I call devotion

[13:08] {dino} it inspired me, seriously

[13:09] {Les} what's the author's name?

[13:09] {nemo} Ayn Rand

[13:09] {Les} funny, found her name on a kindergarden in episode of the Simpsons

[13:09] {nemo} you were in the army, weren't you?

[13:10] {Les} y

[13:10] {Threei} (GR) Greece names Petros Chistodoulou as new chief of debt management agency (related EUR/GBP NBG )

[13:10] {Threei} {Petros Chistodoulou} why, oh why... what did I do to you Zeus

[13:10] {dino} told couple friends to read it, one said no way heard it was controversial, other read it and called to say "it was the best book he ever read"

[13:11] {Les} yeh will get round to reading it

[13:11] {nemo} "controversial" not that

[13:11] {dino} well, that guy is a bit of a religous nut

[13:12] {nemo} probably believes Mary was a virgin

[13:12] {Threei} I'd guess most so-called progressives consider it either controversial or work of evil

[13:13] {dino} indeed. but as i tell my kids, just because they say it is so, does not make it so. think, what do they believe that is not true

[13:13] {larisa} A German luger, who won a silver medal at the 2010 Winter Olympic Games in Vancouver, broke his tooth after reporters asked him to bite his medal for photo :)

[13:14] {dino} ouch

[13:14] {larisa} this is devotion :)

[13:14] {dino} wcg waking

[13:14] {Threei} rofl

[13:14] {nemo} just a thought...

[13:14] {nemo} FCX will likely have problems at 76, if not, could be long

[13:14] {Threei} wow, market is totally locked

[13:14] {nemo} got vwap and 200 right there

[13:17] {dino} regn blood

[13:17] {Les} GG for .30 b/o?

[13:18] {nemo} how is oil up after that report?

[13:20] {dino} wcg sm l .01

[13:21] {Threei} I doubt it les

[13:21] {Threei} just random

[13:21] {Threei} (GR) Greece Fin Min:EU must provide Greece with more specific requirements; have measures in place to attain budget goals even if GDP declines more than expected

[13:21] {Threei} - cannot rule out a VAT increase and evaluating all options

[13:21] {Threei} - notes it is unlikely will request assistance from IMF but cannot rule the option out

[13:21] {Threei} - remarks that recently highlighted swap deals with banks were legal

[13:27] {Threei} last few days this boring consolidations was resolving into upside move

[13:27] {Threei} iperating under assumption that this is going to be today's case as well,

[13:28] {Threei} Short Setup: VXX .60 breakdown

[13:29] {fernp} .65 or .70

[13:29] {nemo} vwap .72

[13:29] {nemo} 200 ma rather

[13:29] {fernp} ok

[13:30] {Threei} yeah, .65 is way too close

[13:30] {nemo} .66 resistance

[13:31] {dino} my scanners all green

[13:47] {Threei} VXX slowly working its way toward 1:1

[13:47] {fernp} yes

[13:47] {Threei} those superpesky superscalpers got that already

[13:48] {Threei} Les, note the VXX short play, which is essentially long the market... despite my "triple digit red" refrain

[13:48] {ese} L orly .91

[13:48] {Les} saw the call, but just back now from dinner

[13:49] {Threei} Senator Dodd plans to introduce financial regulation reform bill next week - WSJ (related XLF )

[13:49] {Threei} estimed senator doesn't want to introduce "throw the bums out, start with me" bill?

[13:49] {Threei} esteemed too

[13:49] {Les} but the technicals looked good. indices bouncing off moving averages

[13:49] {nemo} he's retiring

[13:49] {Threei} it's not the same nemo...

[13:49] {Threei} less satisfactory

[13:49] {nemo} I know

[13:50] {Les} If Dodd wants a life as lobbyist, he'd wanna be nice with his fellow senators in creating this bill

[13:51] {nemo} big C&H on fcx

[13:53] {Threei} wow larisa

[13:53] {Threei} you called it

[13:54] {nemo} what she call

[13:54] {Threei} pilot left suicidae note before crashing in the building

[13:54] {nemo} yeah burned his house

[13:54] {Les} was he aiming for IRS?

[13:54] {Threei} this intuition of them, switch breakers...

[13:55] {Threei} VXX baby

[13:55] {Threei} out

[13:55] {Threei} .43

[13:55] {fernp} ty

[13:55] {Threei} this one officially takes us in the black for the day

[13:55] {dino} heading up

[13:57] {Threei} over 1:2 who has more patience than I do

[13:58] {dino} patience does i would guess

[13:58] {i2romantis} haven't seen patience on here for awhile

[13:59] {i2romantis} people come and go?

[13:59] {ese} out orly .96 +.05

[13:59] {ese} slim pickens these days

[13:59] {dino} blast off coming imo, es

[14:00] {ese} ya....am gonna miss it....have to go and teach a choir

[14:01] {Les} cool

[14:01] {ese} are you long orly dino

[14:01] {dino} yes at .75

[14:02] {ese} nice......i wasn't concentrating on it....oh well will take my 5 cents

[14:02] {dino} green os green, gj

[14:02] {dino} os-is

[14:03] {dino} feels like a reafan moment on orly, "tear down that wall"

[14:03] {dino} f=g, sheesh

[14:04] {ese} take care all catch you tomorow

[14:04] {Les} bye

[14:04] {dino} cya

[14:04] {Threei} take care ese

[14:06] {Threei} Scared out of their wits, two crash dummies categorically refused to get in Toyota

[14:06] {Les} hmmm

[14:06] {dino} machines taking over

[14:06] {i2romantis} lol

[14:07] {Threei} got an e-mail with car-related jokes

[14:07] {Threei} liked this one the most

[14:07] {Threei} second place I'd give to:

[14:07] {Threei} In the latest news: "Ford to make heated rear bumper as part of the upgrade package" We have listened to our customers who said their hands are freezing when pushing our cars off the road

[14:08] {Les} that's funny

[14:08] {i2romantis} lol

[14:09] {Les} .70 break on XNPT vad?

[14:09] {Threei} well... chart is right... I just don't believe in this stock

[14:10] {Threei} this kind of crashes rarely resolves into easy to play bounces

[14:10] {Les} got 50 ma coming up hard and fast under it. looking to see if it can give it a push

[14:11] {Threei} I personally won't play it but will watch with childish curiosity in my ever-inquiring eyes

[14:14] {dino} was looking at it at .50 break but chickened out, gut wanted 5.95ish

[14:14] {dino} there may be "better worlds than this" les

[14:14] {Threei} totally

[14:15] {Les} yeh. how do you keep on top of all your plays dino?

[14:15] {Threei} vodka

[14:15] {dino} i watch them

[14:15] {dino} hard stops help

[14:15] {Les} multiple screens? you just rotating through your daily list

[14:15] {dino} yes and what my .07 scanner spits out

[14:16] {Les} one of these days will try to list your stocks at opening and continuously monitor them

[14:18] {Les} when the kids are 18 and out of my hair

[14:18] {Threei} again... vodka

[14:19] {dino} fwiw, my daily watch amsc, apol, bwld, enoc (missed entry at .25, ugh), esi, fcx, fdx, fti, gld, ibm, intc, joyg, jst, kss, plce, mos, pot, pwrd, snda, rino, swm, uos, new today, xnpt, wcg, nvda, cab, clw, regn, aap

[14:19] {dino} and oil, $, s/p,ndx/dji

[14:19] {Les} those (except new today) are your regular daily list?

[14:19] {dino} ups, not uos

[14:19] {nemo} triple digit day coming

[14:20] {dino} yes. they change periodically

[14:20] {strider} ya think? which way?

[14:20] {dino} todays new will flot for few days

[14:20] {dino} float/stay

[14:20] {dino} others will drop

[14:20] {Les} ok. first few days they make reasonable plays do they?

[14:21] {dino} yes

[14:21] {Threei} why did we ever bother to cover VXX?

[14:22] {dino} for me les, something that moves big up/down one day is a player until it gets back to the prior point. ex: swm last week, and the new ones today

[14:23] {Threei} dino is counter-trend player on the extreme moves

[14:23] {Threei} and he likes them thin

[14:23] {nemo} stocks?

[14:23] {dino} gals too

[14:24] {Les} ok. I can see SWM has found new equilibre so it is finished for you?

[14:24] {dino} clw drop, its a list maker for few days now

[14:24] {dino} well swm has nice daily of 3 bucks give or take, so we watch it

[14:25] {Les} sorry looking at wrong time frame. yes it is still moving

[14:25] {dino} when that tightens, we drop it

[14:25] {Threei} real liufe and activity will return when we finally reverse backj down, I believe

[14:25] {dino} i use intraday, 5 day120 day, year, and 2 year

[14:26] {Les} yeh but in meantime happy to learn trades that aren't dead as yesterday's... cake, was it?

[14:27] {Les} vxx

[14:27] {dino} everybody says down 3i, gut says too easy

[14:27] {Threei} yup, that's what works day after day

[14:28] {Threei} move against obvious

[14:28] {dino} of course, anything can happen

[14:28] {Threei} the day when yo and larisa finally take my bet we reverse

[14:29] {dino} heres a question, what does china do when opens next week?

[14:30] {dino} and in 3i's court, the main problem i see is cramer is really getting bullish and last week he was gloomy, so contra-indicator

[14:37] {nemo} feels like off to the races soon

[14:38] {dino} clw

[14:46] {dino} lod clw

[14:47] {dino} hate to see them post a miss

[14:47] {nemo} vad wouldn't

[14:48] {nemo} fighting to hold the low

[14:48] {dino} bouncing

[14:48] {dino} think i missed it

[14:48] {dino} perfect db

06[14:49] * nemo slaps dino around a bit with a large trout

[14:49] {dino} lol

[14:50] {nemo} you just wussed out under peer pressure...didn't want to get heckled for obscene profits

[14:51] {dino} no, it felt different, still does, feels lower

[14:53] {Les} half out vxx +.10

[14:54] {dino} gj

[14:55] {Les} needed that. ty. forgotten how to scalp

[14:56] {Threei} how did you manage to forget how to scalp

[14:56] {Threei} when we do that all day every day

[14:57] {nemo} you forget who you're talking to

[14:57] {Threei} lol

[14:57] {Les} belt up nemo

[14:57] {nemo} triple digits green coming

[14:57] {dino} giddy-up

[14:57] {nemo} you belt up dude

[14:58] {Les} trying to take more than a scalp in these last few days of meandering markets. paying for it.

[15:00] {Threei} btw fern

[15:00] {nemo} well, I'm off...flat for today cu 2morow

[15:00] {Threei} rember question about FITB, and answer about it being too narrow?

[15:00] {Threei} look at it

[15:00] {dino} cya fern, nemo

[15:01] {Threei} take care nemo

[15:01] {Les} ciao nemo

[15:03] {dino} out orly .10, +.35

[15:08] {Threei} IMF: USD and EURO are 'overvalued'; Yen is now in line with fundamentals (related EUR/USD USD/JPY EUR/JPY )

[15:08] {Threei} vs what?

[15:11] {Les} all out vxx +.20

[15:11] {Threei} wtg

[15:14] {dino} gj

[15:15] {Les} ty. watching CLW for a 44 b/d setup

[15:15] {Les} oops

[15:16] {dino} clw new lows

[15:21] {Threei} White House CEA's Summers: Expecting to see job creation at some point in 2010

[15:21] {Les} that guy isn't fired yet?

[15:21] {Threei} heh

[15:22] {Threei} can't believe he was hired

[15:22] {Threei} but if Timmy was, what else is neqw

[15:26] {Les} XNPT bouncing. maybe .70 b/d

[15:26] {Threei} Short Setup: AMLN .90 break

[15:26] {Threei} .95 resistance

[15:28] {Threei} Meredith Whitney: Financial stocks will suffer as 'Govt takes the punch bowl away'; expecting lower comps - CNBC interview

[15:29] {Threei} BAC is the 'less worse bank' among banking sector

[15:29] {dino} sm l .00 clw

[15:30] {dino} stop lod

[15:33] {dino} out .47, +.47

[15:33] {Threei} nice

[15:33] {dino} ty

[15:34] {Les} quick. tried to follow you but it was already gone

[15:34] {dino} i just used quarter theory

[15:35] {Threei} if you find a quarter, pick it up?

[15:35] {Les} is it that consistent, quarterly changes?

[15:35] {Threei} I like that theory

[15:35] {dino} lol, .00, .25, .50 etc

[15:35] {Threei} :)

[15:36] {dino} of course cab doesn't get the theory.75 should push it up

[15:37] {Threei} the most boring day in quite a while

[15:38] {Threei} Market Internals update at 3:30pmET

[15:38] {Threei} - NYSE volume 680M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.

[15:38] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; advancers lead decliners by 1.1:1.

[15:38] {Threei} - VIX index -4.0% to just under 21.00

[15:38] {Les} I hope VIX doesn't return to previous lows

[15:39] {Threei} if it does, snapback will be horrific

[15:40] {Threei} nore from Meredith:

[15:40] {Threei} - BAC is the "least worst bank" in the sector, BoA has alot of assets to sell and can raise more capital than any other bank (note: in the latest round of quarterly holdings filings many activist hedge funds disclosed increase holdings in BAC and Citigroup, as well as some other large banks).

[15:44] {Threei} US Treasury Sec Geither: Economy beginning to heal; expecting for it to continue to improve

[15:45] {Threei} UN cafeteria has been closed due to a 'suspicous envelope' - Chinese media

[15:45] {dino} they call that meatloaf

[15:45] {Threei} lol

[15:46] {dino} out cab .80, +.30 all dayer

[15:47] {dino} wcg stopped -.28

[15:49] {dino} calling it a day, thx all, good ideas, best day this month for me

[15:49] {Threei} wtg dino, see you tomorrow

[15:49] {Les} ciao

[15:49] {fernp} gj dino

[15:49] {dino} :)

[15:50] {Threei} (CH) China Foreign Min: "Strongly dissatisfied" with Dali Lama visit

[15:52] {Threei} AMLN 1:1

[15:52] {fernp} ty very much

[15:52] {Threei} that cements day as profitable

[15:53] {Threei} not stellar mind you

[15:53] {fernp} true

[15:53] {Les} ty. missed your first VXX call which would have been sweet.

[15:54] {Threei} Toyota Motor Corp US House commitee subpoenas documents on vehicle recalls

[15:54] {Threei} - reminder: Toyota's CEO Toyoda declined to accept the panel's invitation to appear at a Feb 24 hearing on the matter

[15:55] {Threei} takes nasty turn

[15:56] {Threei} okay guys, thank you all

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {Les} ty. c u tomorrow

[15:57] {fernp} Good evening everybody. See u all tomorrow

Wed Feb 17 2010

Nicely profitable day, thanks to a few TM shorts, CYCC big shares long and a few scalps on VXX and AMSC.

Session Time: Wed Feb 17 00:00:00 2010

[07:51] {Threei} (US) White House Econ Advisor Romer: Sees employment stabilization in US; White House expects to see positive numbers by spring (related EUR/USD TLT SHY SPY )

[07:51] {Threei} CYCC Journal publishes study data suggesting Seliciclib can treat breast cancer resistant to hormone therapy (update

[07:51] {Threei} - A newly published study demonstrates that seliciclib (CYC202 or R-roscovitine), an orally available inhibitor of multiple cyclin-dependent kinases (CDKs), reversed resistance to the aromatase inhibitor letrozole (Femara) and killed hormone receptor positive breast cancer cells that had become insensitive to the effects of letrozole. The new study was published in the current edition of Clinical Cancer Research, a journal of the American Association for Cancer Research. Seliciclib is currently in Phase 2 clinical trials for non-small cell lung cancer and nasopharyngeal cancer.

[08:01] {nemo} another big gap day

[08:01] {nemo} yahoo

[08:01] {Threei} sigh

[08:06] {nemo} DE up 4.50 on earnings

[08:10] {Threei} US) Preview: Jan Housing Starts data due out at 8:30am ET

[08:10] {Threei} - Housing Starts: Consensus expectations are 580Ke

[08:10] {Threei} US) Preview: Jan Import Price Index due out at 08:30ET

[08:21] {Threei} (GR) EU StatsAgency: Greece denied using currency derivatives to hide debt

[08:22] {Threei} - Agency issued guidance to government on use of derivatives in March 2008

[08:22] {Threei} - Sees need for a harmonization of accounting practices in Europe.

[08:30] {nemo} housing good? fas just jumpe

[08:31] {Threei} US) JAN HOUSING STARTS: 591K V 580KE; BUILDING PERMITS: 621K V 620KE

[08:31] {Threei} - Prior Housing Starts revised higher from 557K to 575K

[08:31] {Threei} US) JAN IMPORT PRICE INDEX M/M: 1.4% V 1.0%E; Y/Y: 11.5% V 10.8%E

[08:32] {Threei} Toyota troubles deepen

[08:32] {Threei} possible Corolla recall, power steering problems

[08:32] {Threei} boy...

[08:36] {Threei} 5:42:01 PM

[08:36] {Threei} Toyota Motor Corp To idle production at Texas and Kentucky assembly plants for several days in coming months amid lower demand after recalls - Nikkei News

[08:36] {Threei} - Separate feature from The Times notes company is also considering halting production at its Derby, UK facility.

[08:36] {Threei} 7:34:55 PM

[08:36] {Threei} Toyota Motor Corp Regulators in the US have demanded documents in order to determine if TM's recalls were done in a timely manner - WSJ

[08:36] {Threei} - The document request is from the US National Highway Traffic Safety Administration (NHTSA)

[08:36] {Threei} - The NHTSA may also study if the scope of Toyota's recalls was too limited.

[08:42] {Threei} (GE) IFO's Nerb reiterates view that Weaker euro currency helps the industrical sector of Germany

[08:42] {Threei} - Current EUR/USD exchange rate a positive for German manufacturers

[08:43] {Threei} race to the bottom continues

[08:59] {Threei} US) Preview: Jan Industrial Production and Capacity Utilization due out at 09:15ET

[08:59] {Threei} **consensus expectations:

[08:59] {Threei} - Industrial Production: 0.7%e v 0.6%

[08:59] {ese} morning

[08:59] {Threei} ese :)

[08:59] {fernp} Good morning everybody

[09:00] {ese} fern

[09:01] {Threei} fern :)

[09:02] {nemo} amzn back near the lows...it's weak

[09:04] {Les} afternoon

[09:04] {nemo} yeah, for gmt +1

[09:04] {Threei} kes :)

[09:05] {Les} kes? why not...

[09:05] {Les} you reckon we can ride amzn Nemo? Yesterday's chart looks good

[09:06] {nemo} well...it was weak all day yesterday, an it's showing weak again today

[09:09] {larisa} gm :)

[09:09] {Threei} larisa :)

[09:09] {larisa} vad :)

[09:15] {Threei} *(US) JAN INDUSTRIAL PRODUCTION: 0.9% V 0.7%E; CAPACITY UTILIZATION: 72.6% V 72.6%E

[09:15] {billyc} gm all

[09:15] {Threei} billy :)

[09:17] {dino} gm all

[09:17] {Threei} dino :)

[09:17] {dino} tm bad news continues

[09:18] {lasertrev} morning

[09:18] {Threei} yeah, barrage

[09:18] {Threei} trev :)

[09:19] {Les} yesterday was such a dead day, might keep amzn on screen

[09:19] {ese} anything in this pre mrkt catching your attention vad?

[09:19] {Threei} keeping an eye on CYCC

[09:19] {Threei} TM

[09:19] {ese} tks

[09:20] {strider} DE

[09:20] {ese} am gonna watch with you.....have too many details on my mind ......am gonna go along with your thinkin

[09:21] {ese} .80 break per chance

[09:23] {Threei} on what ese?

[09:23] {nemo} tm?

[09:24] {ese} cycc

[09:25] {Threei} I'd prefer pullback

[09:25] {Threei} breaks on these thick ones often turn into torture

[09:25] {ese} ahhhhh ok

[09:31] {Threei} Dealers comment on the recent 'surge' in the ECB overnight loan facility

[09:31] {Threei} - Dealers seemed to focus on the ECB overnight lending facility and the recent spike up in borrowings. The take-up in the o/n facility has been large but markets have assumed that Thursday's report should paint a different picture as the one-week week auction should bind the gap. However, dealers do caution that IF the large overnight borrowings remainin the system then perhaps the European peripheral situation is a larger problems then the recent soothing rhetoric from the Eurogroup and Ecofin admits. Some speculation that the recent surge was a failed Greek repo trade which has now been bridged.

[09:31] {Threei} Short Setup: TM .75 break half lot

[09:31] {Threei} if stays under .90

[09:32] {strider} no bids between .75 and .70

[09:32] {Threei} invalidated for now

[09:33] {Threei} but worth keepoin g on a backburner

[09:34] {dino} vmi

[09:35] {ese} cycc toughts vad

[09:35] {ese} thoughts

[09:36] {Threei} around .75 I'd feel mich safer

[09:36] {Threei} TM reestablished

[09:37] {ese} hmmmmm good to know....thats kinda what i was hinking as well......

[09:37] {ese} maybe i am learning something vad

[09:37] {nemo} tm

[09:38] {Threei} either original setup, or stop above .95

[09:38] {Threei} kind of discretionary decision

[09:38] {nemo} spy db

[09:40] {Threei} SIGA Strength attributed to speculation that SIGA could be among potential awardees for US govt medical countermeasures contract that is scheduled to be awarded on or about September 16, 2010

[09:40] {Threei} - proposals for the contract are due March 15, 2010 and the contract will be awarded in Sept.

[09:43] {Threei} 1:1 TM

[09:43] {Threei} should go more

[09:43] {Threei} half out

[09:44] {Threei} stop to .80

[09:44] {Threei} scalpers are scalpers

[09:45] {larisa} real mess this morning at MBT. all BP show 0.00 :) people screaming, server down, help lines busy.

[09:46] {Threei} 1:2 TM

[09:46] {Threei} out 1/4 more

[09:46] {Threei} +.40

[09:46] {Threei} stop to .70 for the l;ast part

[09:47] {dino} cov tm .37, +.38

[09:47] {dino} ty vad

[09:47] {Threei} welcome sir

[09:48] {Threei} starts looking like double bottom bounce

[09:48] {ese} L sqnm .51

[09:48] {Threei} don't wast to go long on it

[09:48] {Threei} but trailing stop to abpove .60

[09:49] {Threei} aww, forgot about SQNM

[09:49] {Threei} thought of yesterday's high break

[09:50] {Threei} ok TM, let's lose .30 and die

[09:50] {ese} out .54 +.03

[09:51] {Les} amzn bounce before b/d methinks

[09:57] {Threei} Short Setup: WFC .50 break

[09:57] {Threei} if stays below .55

[09:58] {Threei} done with last portion TM

[09:58] {Threei} lol, I still feel it's a $30 stock

[09:59] {Threei} anyway, that was a good way to start the day

[09:59] {Threei} ese, caught CYCC under .80?

[10:00] {dino} fcxsm l .66

[10:00] {ese} no.........was waiting for you to take a look

[10:01] {Threei} I got a bit stretched out... just looked at it

[10:01] {ese} although quick breakout at .95 looks lpromising

[10:01] {Threei} or pullback into .85

[10:01] {ese} indeed

[10:03] {dino} out fcx -.10

[10:04] {Threei} neat tight stop for such a stock

[10:04] {Threei} what the deuce

[10:04] {Threei} missed CYCC again

[10:04] {dino} mkt dropped so did i

[10:04] {fernp} en SDS

[10:05] {Threei} it wasits for me to look somewhere else to do what I expecteds it to

[10:05] {dino} open gap fills on the way

[10:05] {dino} cat not really following de

[10:10] {fernp} WFC stopped

[10:10] {nemo} and then some

[10:15] {Threei} Long Setup: AMSC 32 break

[10:15] {Threei} if stays above .90

[10:16] {Threei} 1:1

[10:16] {fernp} missed

[10:17] {nemo} grabbed coffee

[10:17] {Les} didn't chase

[10:17] {larisa} lol

06[10:17] * Threei shrugs and removes himself to a monastery

[10:17] {Les} hear no evil, see no evil, speak no evil

[10:17] {nemo} this is my monday...I catch the stop miss the winners

[10:19] {dino} sm l pwrd .44

[10:21] {Threei} magoo's favorite stock moves

[10:21] {Threei} HIHO

[10:22] {Les} short vxx for a possible b/o here? say .30?

[10:22] {Threei} hmm

[10:22] {Threei} worth a try I guess

[10:23] {Threei} market shows breakout forming

[10:25] {Threei} smackdown right from the break level

[10:26] {Les} yeh found myself prematurely evacuating

[10:27] {Les} what, not biting Nemo?

[10:28] {Les} TM coming back to lod

[10:28] {Threei} ACOR...

[10:28] {Threei} nears 52 week high

[10:34] {dino} giddy-up

[10:34] {Threei} VXX 1:1

[10:37] {Threei} AONE Strength attributed to yesterday's filing disclosing a new stake by Qualcomm

[10:38] {strider} tm

[10:39] {Threei} breakdownish look

[10:39] {Threei} inverted C&H

[10:39] {strider} short .38

[10:39] {strider} .28

[10:41] {Threei} EUR/USD Moves below 1.3690 which was seen as short term techincal support

[10:42] {Threei} new low TM

[10:44] {Threei} anyone found a play in ACOR?

[10:53] {nemo} amzn triangle

[10:56] {Les} big buy order .11 on TM

[10:58] {Threei} you covered any strider?

[10:59] {strider} oh, I'm out ...looking to get back in, though.

[11:00] {strider} Since it seems to bounce when breaking support, thought I'd wait for a break of .11, and put in an offer of .17

[11:00] {strider} whoops

[11:00] {nemo} yeah, I was reading the essage when it broke

[11:00] {nemo} message

[11:00] {Les} scared crap out of me . short .10

[11:00] {strider} didn't boiunce this time.

[11:01] {Threei} still may

[11:01] {Threei} too thin to go one way for too long

[11:03] {strider} HOG constipated

[11:03] {strider} won't give it up.

[11:03] {Threei} {HOG} leave my colon alone

[11:04] {strider} some people would call this consolidation before a breakout.

[11:04] {nemo} smells like cologne...

[11:04] {strider} doesn't sound like it though.

[11:04] {nemo} fcx low

[11:08] {Les} amzn

[11:10] {Les} U got a working hypothesise for close vad? doji? down? up?

[11:10] {Threei} down

[11:10] {Threei} triple digits

[11:10] {nemo} broken record :)

[11:10] {Threei} of course I had the same for yesterday, and we all know how well it worked

[11:10] {Les} lol

[11:10] {nemo} it was triple digits

[11:10] {dino} keep betting red

[11:11] {Threei} UA) IMF: Directors have agreed that the Dirham peg to the USD has been positive; assisted economic stability

[11:12] {Threei} so why don't we all peg to USD and be done with whole currency trading thingy?

[11:12] {Les} Dirham - had to look that one up

[11:12] {Threei} look up rougrick while you are at it

[11:13] {Threei} tougrick

[11:13] {Threei} and hryvnya

[11:14] {Les} no luck on tougrick

[11:15] {Les} funny, thought Russian influence in Ukraine extended to currency as well

[11:15] {Threei} gosh, they have too many spellings for that currency

[11:15] {Threei} tugrik

[11:16] {Threei} grg

[11:16] {Les} got it

[11:16] {nemo} nice...how you do umlauts?

[11:16] {dino} enoc sm l .20

[11:16] {nemo} or diaresis

[11:17] {nemo} Vad, how'd you get the two dots?

[11:17] {Threei} just copied and pasted

[11:18] {nemo} really

[11:18] {Threei} Fed's Bernanke to testify before a House committee on Feb 24 dealing with exit strategies

[11:18] {Threei} - Note: This testimony was delayed from 2/10; when Bernank's written text was released: Highlights: - TAF and TALF will be phased out before long (scheduled to close June 30 for all loans); any change in discount rate would be modest.- Should not expect sale of securities in the short term (Note: Bullard recently noted that the Fed would sell assets in the 2H10); would sell securities once the recovery is considered "sufficiently advanced."- Will use use interest on banking reserves as the focal policy target.

[11:19] {Les} TM

[11:19] {Les} out +.20

[11:19] {Les} crap

[11:19] {strider} hemorrhage, TM

[11:20] {Threei} it's not $30 yet?

[11:20] {Threei} strange

[11:20] {strider} main artery

[11:20] {dino} stoped enoc

[11:21] {strider} got your buy order in down there, vad?

[11:21] {Threei} no, will reevaluate when it gets there

[11:22] {strider} Maybe they'll have a 'buy a car, get free stock' plan.

[11:23] {Threei} IMO{ real scope of troubles is yet to reveal itself

[11:23] {Threei} it's not just a recall, "fix and be done with it"

[11:24] {Les} what, you think this "cut corners" CEO has done more lasting damage

[11:25] {Les} ?

[11:25] {Threei} whole story is way more than just a quality problem

[11:26] {Threei} it's undermining of Toyota major strength

[11:27] {Threei} it takes away the main reason why people preferred their cars over competitors

[11:28] {Les} unless they work 200% to return that quality ASAP

[11:28] {Les} TM

[11:36] {dino} open gaps filled

[11:36] {Threei} sorry, got distracted for a min

[11:36] {Threei} it's worse than that Les, IMO

[11:36] {Threei} the development makes people question whether that praised quality was there in a first place

[11:37] {Threei} indications are the problems are now new

[11:37] {Threei} not new

[11:37] {Threei} and were hidden and avoided

[11:37] {fernp} jpm .94

[11:37] {Threei} that undermines faith, integrity

[11:38] {Threei} CYCC Update: Merriman reiterates Buy rating, price target $7-8

[11:40] {Threei} hmmm

[11:41] {Threei} you'd expect $3 dollar stock jump on such target, even reiterated

[11:41] {Threei} Short Setup: RIMM .55 break

[11:41] {Threei} .65 resistance

[11:42] {dino} fcx gap around 76.75

[11:42] {dino} 73.75

[11:43] {Threei} TM no even bounces anymore

[11:43] {Threei} just straight down

[11:43] {nemo} .95 is s3 support for fcx

[11:44] {Threei} Cyclacel Pharmacutical Inc Update: Merriman reiterates Buy rating, price target $7-8

[11:44] {Threei} - Firm finds it encouraging that seliciclib is showing evidence of efficacy in a variety of important tumor types.

[11:44] {Threei} - Reminder: Cyclacel announced today the publication of pre-clinical data pertaining to seliciclib and its use in killing aromatase inhibitor-resistant breast cancer cells.

[11:45] {Threei} let's tighten RIMM to above .60... lunch time is lunch time

[11:46] {Threei} no point in giving it much room

[11:46] {Threei} lol, who would have thought RIMM could be played with 5 cents stop

[11:47] {nemo} nw

[11:49] {Threei} out

[11:49] {fernp} me too

[11:54] {dino} enoc gap fill dec

[11:56] {dino} sm l .13

[12:00] {nemo} amzn respecting trendline

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

[12:00] {Threei} - NYSE volume 425M shares, about 1.5% below its three-month average; advancers lead decliners by 1.2:1.

[12:00] {Threei} - NASDAQ volume 970M shares, about 4% above its three-month average; advancers and decliners are about even.

[12:00] {Threei} - VIX index +0.35% to just over 22.00

[12:01] {dino} fcx sm l .25

[12:02] {ese} .

[12:03] {dino} .

[12:05] {Threei} all good points

[12:05] {Les} point being?

[12:05] {Les} s amzn .99

[12:06] {Les} rimm spike down

[12:07] {Threei} EK Reportedly getting patent review to block imports of iPhone and Blackberry - unconfirmed report (related AAPL RIMM )

[12:12] {ese} ahhhhhhhh I didn't get it.....but now i do. dino and I signed in with a period.....witty vad very witty!

[12:12] {ese} ya see....school never did me no harm.......it only took me 7 minutes to get it

[12:13] {Threei} lol

[12:14] {dino} hmmmmm

[12:14] {_jfjf64} hello my friends

[12:14] {Threei} jf!!

[12:14] {ese} just scanning through stocks.......don't know what to look for really.....

[12:14] {Threei} welcome back

[12:14] {ese} jf

[12:14] {dino} hi jf

[12:14] {_jfjf64} im back

[12:14] {Threei} man, are you taking superlong vacations or what

[12:14] {_jfjf64} vad

[12:14] {_jfjf64} ese

[12:15] {_jfjf64} dino

[12:15] {_jfjf64} long vacation lol

[12:15] {ese} jjjjjjjjjjjjjjjjjjjjjjjjjffffffffffffffffffffffffff!!!!!!!!!!!!!baby.........there you gothe bi welcome back

[12:15] {ese} big

[12:15] {_jfjf64} ty

[12:16] {Threei} how's Italy?

[12:16] {_jfjf64} was good

[12:16] {_jfjf64} spent all my cash lol

[12:16] {Threei} you haven't been to Greece, have you?

[12:17] {ese} js....is that where you were? Thats where my family and i are headed Mar 5

[12:17] {Threei} just wondering, maybe your spending would have saved them

[12:17] {_jfjf64} funny

[12:18] {Threei} watching TM for topping out and resuming downtrend

[12:18] {Threei} volume dried up... not sure if this is a topping sign or simply lunch time, can't tell

[12:19] {Threei} larisa, this is closer to your setups than mine... see any signs on TM beong ready to drop again?

[12:19] {larisa} it actually broke downtrend when went over .25

[12:19] {Threei} it did

[12:19] {Threei} but it has to break uptrend at some point

[12:19] {Threei} which is what I am looking for

[12:40] {Threei} OK, who is ready to try

[12:40] {Threei} Short Setup: TM .60 break if stays under .70

[12:40] {Threei} half lot

[12:40] {_jfjf64} $$

[12:44] {Threei} ESE

[12:44] {Threei} CYCC

[12:44] {Threei} probably makes sense now with stop under .65

[12:44] {dino} out pwrd +.40

[12:45] {Threei} ugh... upticked while I typed

[12:45] {Threei} ok, back into buying zone

[12:45] {Threei} (US) Fed's Plosser: Fed faces threats to its independence

[12:47] {Threei} favors selling MBS as the economy strengthens

[12:47] {Threei} - Modest economic recovery has begun, seeing some signs of slow recovery in job market.

[12:47] {Threei} - Wants to end Fed emergency lending powers

[12:47] {Threei} - Auditing monetary policy would be a bad idea, would compromise the Fed's rate setting powers.

[12:47] {Threei} no really?

[12:47] {nemo} should we tighten stop on tm it's looking long

[12:48] {Threei} where do you tighten it... :)

[12:48] {nemo} .65

[12:48] {Threei} above .65?

[12:48] {nemo} yeah

[12:48] {Threei} well... whole trade is discretionary, so why not this too

[12:48] {nemo} hehehehe

[12:49] {Threei} I think auditing my taxes is a bad idea, it would compromise my spending powers

[12:50] {ese} hey vad....was on the phone to questrade.......talking about closing out my acct in the future and getting my P/L statement for the year

[12:50] {Threei} get them to show P as theirs and L as yours

[12:50] {ese} what are ya thinkin with cycc

[12:50] {Threei} may help with taxes

[12:51] {Threei} I thing .70 with stop under .65

[12:51] {Threei} think

[12:51] {ese} how do you mean

[12:51] {Threei} never mind, my hyppopotamus sense of humor

[12:51] {ese} ha ha

06[12:52] * Threei hits TM over the head with 2x4

06[12:52] * Threei hits TM over the head with 2x4 endowed with rusty nails

[12:52] {ese} L cycc .71

[12:52] {nemo} out scalp ty

[12:52] {Threei} welcome

[12:53] {ese} sm 4k

[12:53] {ese} 3k

[12:53] {ese} can't read when i type now....sheesh

[12:53] {Threei} shrug

[12:54] {nemo} wow...DE has been steadily down since the open

[12:54] {Threei} try can't read, can't type, too lazy ti think, and when try to type wioth my elbows pout of curiosity - find out that somehow it's worse than if I type with my knees

[12:56] {ese} lol

[12:58] {nemo} boy, we lucked out on tm

[12:58] {dino} gj

[12:58] {nemo} 73.90 is 200 ma. next likely hiccup

[12:58] {Threei} I half lucked - tried to keep half

[12:58] {nemo} vwap there too

[12:58] {Threei} stoped b/e

[12:58] {_jfjf64} nicenice

06[12:59] * nemo slaps Threei around a bit with a large remember it's a LUNCHTIME! scalp

[12:59] {Threei} yeah

[12:59] {Threei} I guess TM invokes this thirst for blood in me

[12:59] {nemo} no...

[12:59] {nemo} greed...

[12:59] {nemo} amzn at 200 ma

[13:00] {Threei} what I want now is CYCC catching eod strength and closing somewhere around .85

[13:00] {Threei} and my day would be nicely rounded

[13:00] {nemo} amzn at resistance

[13:00] {Threei} that morning TM short made it a good day no matter what

[13:01] {dino} you played it well

[13:01] {Threei} ty... felt blood in the water

[13:02] {nemo} s tm .84

[13:03] {nemo} stop .90

[13:03] {dino} fcx to .65

[13:03] {nemo} where'd you get in Dino

[13:03] {larisa} your FCX entry was perfect dino, imo

[13:04] {dino} .25

[13:04] {dino} ty larisa

[13:04] {dino} .76 area wall

[13:05] {nemo} stopped

[13:05] {dino} out +.40

[13:06] {larisa} gj

[13:06] {dino} ty

[13:15] {Threei} little H&S TM

[13:16] {Threei} bounce to .85 - .90 area shouyld be a short entry

[13:16] {ese} cycc cycc cycc you must go up for me......cycc cycc brand new nursury rhyme

[13:16] {nemo} meds ese, meds...

[13:16] {Threei} stop above .95 for stingy, above 74 for a bit more generous

[13:17] {Threei} first weakness from here

[13:17] {ese} ya ya ..........pheeeeewwwww.......ya ya .....i'm ok

[13:18] {nemo} market looks like it wants up, probably take tm with it

[13:20] {nemo} rimm dt...lower volume this high

[13:22] {_jfjf64} sndk .20 break

[13:23] {Threei} time for violence?

06[13:23] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire

[13:24] {nemo} dip them in curari

[13:24] {nemo} pure nicotine will do it also

[13:24] {Threei} comeon, that's cruelty

[13:24] {nemo} nah, die painlessly...if you don't count the bludgeoning

06[13:25] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire dipped in chocolate

[13:25] {nemo} that's cruel...

06[13:28] * Threei puts grenade into TM's backback and poulls out the pin

[13:30] {patience} patience puts bacon on to cook to stop the violence

[13:30] {Threei} hmmm

[13:30] {patience} what did i miss?

06[13:30] * nemo taser's tm

[13:31] {Les} Vad, does AMZN spike outside of bb's indicate a reversal? - 13:19

[13:31] {Threei} connection between vioelnce and profits?

[13:31] {patience} oh, widespread violence

[13:31] {nemo} mafia trading

[13:31] {Les} or is indicative that a reversal will occur?

[13:31] {patience} hmmm....room seems to be changing while i am out training

[13:31] {nemo} well...

[13:31] {Threei} not necessary Les

[13:31] {nemo} TM is now above it's 200 ma

[13:31] {Threei} by itself it doesn't indicate anything certain

[13:32] {Les} ok. a little surprised by the selloff following that reversal

[13:32] {Threei} just shows that move is becoming a bit too extreme

[13:33] {Threei} Fed's Plosser: Fed does watch the USD for signals for the US economy; has no target for the USD

[13:33] {Threei} (US) Preview: Minutes of the Jan 27 FOMC meeting and Fed economic forecast to be released at 14:00ET

[13:33] {Threei} - Today's minutes will shed light on the discussion of the "extended period" phrase that is currently the lynchpin of Fed policy as well as the timing of future asset sales to reduce the swollen Fed balance sheet. The Fed will simultaneously release its revised economic forecast.

[13:33] {Threei} hmmm

[13:33] {Threei} some shock is probably coming

[13:34] {Threei} - The arguments raised by Kansas City Fed President Thomas Hoenig will be of particular interest after he registered a dissent against the "extended period" language at the Jan 27 meeting. Hoenig "believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted."

[13:34] {Threei} The minutes may reveal whether some other FOMC members are starting to waver on this point or if they are developing more nuanced views of the extended period. In recent comments other FOMC members have tried to put a timeframe on "extended period," with Vice Chairman Dudley describing it as at least 6 months but as much as 1-2 years depending on the economy. In December, Charles Evans, a non-voting member, suggested the phrase means 3 to 4 FOMC meetings out.

[13:34] {Threei} - The minutes will also be scanned for discussions of timing and sequencing exit strategies. Chairman Bernanke elaborated on the top in Feb 11 testimony on exit strategies. Bernanke commented that the Fed may opt to raise discount rate before long

[13:35] {Threei} that is going to be a big load of Feds crap poured on market

[13:39] {Threei} tightening to .95 TM

[13:39] {Threei} don't want to get caught into sharp spike

[13:40] {Threei} scalp near .80 weas a good idea, eh

[13:41] {nemo} :)

[13:41] {nemo} made a db at .80

[13:42] {nemo} indices yet to break their upward trend lines

[13:47] {nemo} spy broke

[13:47] {nemo} paint dry yet?

[13:47] {dino} who pulled the plug?

[13:47] {nemo} where's magoo...

[13:47] {Threei} I guess careful ones prefer to exit before FOMC minutesa

[13:47] {dino} he's here

[13:48] {dino} minutes are out i think

[13:48] {Threei} smack him over the head with some fish

[13:48] {Threei} no, at 2 pm

[13:48] {nemo} 2:00

[13:48] {dino} alrighty

[13:48] {nemo} Ace

[13:48] {dino} my bad, plosser speach

[13:49] {nemo} try that again...

[13:50] {Threei} ok... nemo, you tell me what to do

[13:50] {Threei} cover TM this time?

[13:51] {Threei} wait for a drop?

[13:51] {nemo} indices are with you...partial

[13:51] {Threei} may indices be with you...

[13:52] {nemo} and also with you...oh oh

[13:52] {Threei} lol

[13:52] {nemo} then again, get out before the minutes

[13:55] {dino} use the force

[13:55] {nemo} it brought back memories of the catholic mass..oy vay

[13:55] {Threei} I tried

[13:56] {Threei} patience admonished me

[13:56] {Les} .95 break of amzn?

[13:56] {Threei} 4 min till FOMC Les

[13:56] {Threei} why would you want to open any position now

[13:56] {nemo} you forget who you're talking too

[13:57] {Les} FOMCy schmopsy

[13:57] {nemo} not bad...

[13:57] {Threei} ok, I'll try it this way:

[13:57] {Threei} les than 4 min les

[13:57] {Threei} why do you need more troublesZ?

[13:57] {nemo} DON'T TRADE BEFORE POTENTIALLY IMPORTANT NEWS

[13:58] {Les} yeh yeh. I've made enough trouble for myself today already

[13:59] {Les} ok. some education

[13:59] {Les} http://up.wbe01.mibbit.com/up/8vUroIXU.gif

[14:00] {Les} is this the reversal pattern you've called before Vad?

[14:00] {Threei} *(US) JAN MONTHLY BUDGET STATEMENT: -$42.6B V -$46BE

[14:00] {Threei} - 16th straight month of budget deficits, longest stretch in recorded history.

[14:00] {Threei} MINUTES OF THE JAN 27 FOMC MEETING: AGREES ON NEED TO SHRINK ASSETS SUBSTANTIALLY OVER TIME; RAISES GDP FORECAST

[14:01] {Threei} haslf out TM

[14:01] {Threei} out in full

[14:02] {Threei} yes Les, head and shoulders

[14:02] {Les} ?

[14:02] {Threei} ?

[14:02] {Threei} 14:00] {Les} is this the reversal pattern you've called before Vad?

[14:03] {Threei} [14:02] {Threei} yes Les, head and shoulders

[14:03] {Les} I'm just refering to the two down spikes

[14:03] {Les} first one out of bb's

[14:03] {Les} 2nd one inside bb's

[14:03] {Threei} how do I know then what you are referring to? you show a screenshot and ask whether it's a pattern I meant

[14:03] {Threei} I see two of them there:

[14:04] {Threei} one is head and shoulder I referede to earlier,

[14:04] {Les} cool .see that now

[14:04] {Threei} another is double top you named just now,

[14:04] {Threei} with those two tops

[14:04] {Threei} yes about their relation to BBs

[14:04] {Les} ok ty.

[14:04] {Threei} so, two nice chart patterns signalling the same direction

[14:04] {Threei} fair trade

[14:05] {Threei} time of the day was not very appropriate,

[14:05] {Threei} plus this FOMC crap

[14:05] {Threei} but worked for us, and stop was 7 cents

[14:05] {Threei} so it's over 1:2

[14:06] {Threei} ok, lewt's see what they produced

[14:06] {Threei} - most members expect recovery to be slower than previous recoveries

[14:06] {Threei} - inflation to remain subdued for some time

[14:06] {Threei} - Hoenig believed that it would be more appropriate for the Committee to express an expectation that the federal funds rate would be low for some time--rather than exceptionally low for an extended period.

[14:06] {Threei} - Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced.

[14:06] {Threei} In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1. The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral

[14:08] {Threei} - One member recommended that the FOMC replace the portion of the statement that indicates the Committee will evaluate its "purchases" of securities with an indication that the Committee will evaluate its "holdings" of securities.

[14:09] {Threei} that was a good TM cover

[14:09] {nemo} yep

[14:09] {nemo} it's holding the 200 ma

[14:09] {dino} amsc l .80

[14:10] {dino} out enoc .57, +.44

[14:10] {Threei} wtg

[14:10] {dino} ty

[14:19] {Les} vxx for a .55 b/o?

[14:19] {ese} interesting jump in the qqqq

[14:20] {Threei} hard to tell Les

[14:20] {Threei} market jumps up and down, not establiashing direction yet

[14:21] {ese} sorry that was not the qqqq that was stec i was looking at

[14:22] {Threei} good one ese, re: previous reference to "can't read, can't type"

[14:22] {Threei} it's contagious

[14:23] {nemo} tm right at 200 ma, consolidationg

[14:24] {ese} i'll say

[14:24] {nemo} ha a gap up in tm

[14:25] {Threei} ?

[14:25] {nemo} .03 gap on my chart 2 minutes ago

[14:26] {Les} AMZN .80 b/d?

[14:26] {Threei} probably... but keep an eye on market like a hawk

[14:27] {Threei} CYCC baby

[14:28] {Threei} half out at .77

[14:29] {Threei} ese?

[14:29] {Threei} caught this spike?

[14:29] {ese} was just about to say thqt cycc baby!!!

[14:31] {ese} still in vad 3k isn't enough for me to go 1/2 out

[14:31] {ese} gonna let it run for a little

[14:31] {Threei} you are uncharacteristically timid today :)

[14:31] {ese} yes....

[14:32] {ese} have been for a few weeks now really.......too much crap going at school

[14:32] {ese} very distracting.....trying not to let it get in the way of my trading

[14:32] {Threei} Market Internals update at 2:30pmET

[14:32] {Threei} - NYSE volume 655M shares, about 2% below its three-month average; advancers lead decliners by 1.2:1.

[14:32] {Threei} - NASDAQ volume 1.45B shares, about even to its three-month average; advancers lead decliners by 1.1:1.

[14:32] {Threei} - VIX index -2.5% to just under 21.00

[14:42] {nemo} fas approaching 200, possible resistance at .40

[14:47] {Threei} Tiger Woods schedules announcement on Golf at 11am on Friday - CNBC (related ERTS NKE )

[14:48] {Threei} EBAY CEO: Would consider acquisitions or JVs in Russian market

[14:48] {Threei} - Sees Russian ecommerce market worth $5B a year, sees potential for $20B a year

[14:49] {dino} bgc l 34

[14:50] {dino} hl l fti .75

[14:51] {larisa} laser problems with Times and sales?

[14:51] {nemo} nope

[14:53] {Threei} looks fine

[14:53] {larisa} hm, reconnected and just getting empty boxes

[14:53] {nemo} try different quote server

[14:53] {larisa} you think i did not ? :)

[14:53] {nemo} in the teens

[14:54] {Threei} try diff T&S server? :)

[14:54] {nemo} try 17

[14:54] {larisa} quotes are fine, TS are problem

[14:54] {Threei} 15 and 1 here

[14:54] {larisa} interesting :)

[14:54] {Threei} TS 1

[14:55] {larisa} tried all of them. Guess will go watch Olympics

[14:55] {Threei} wait

[14:55] {strider} There are 5 t&s servers listed. I've never been able to see that they do anything when you change.

[14:55] {Threei} you have combinations

[14:56] {Threei} 20 quote servers and 5 T&S

[14:56] {larisa} level 2 works just fine

[14:56] {Threei} try all combinations

[14:56] {Threei} it's 100

[14:56] {strider} 100 combinations?

[14:56] {strider} That;ll keep you off the streets for awhile, larisa.

[14:56] {Threei} lol

[14:57] {Threei} Tesla CEO Musk: Trying to confirm who was on the plane that crashed, no immediate details available

[14:57] {Threei} - Note that earlier today there were reports of a plane that crashed carrying several Tesla executives.

[14:57] {Threei} CYCC baby

[15:00] {ese} out cycc .79 +.08.....i'm outta there

[15:04] {Les} TM busting through 74

[15:06] {strider} Buy! Buy!

[15:07] {Les} some consolidation 1st please

[15:09] {Threei} uh oh

[15:09] {Threei} BKC Planning to raise price on the $1 double cheeseburger in April - Chicago Crains

[15:09] {Threei} - $1 double cheeseburger to remain with 1 slice of cheese; two slices will be charged at $1.19 (related MCD WEN )

[15:09] {nemo} all footlongs $5 at subway

[15:10] {lasertrev} lol

[15:10] {Threei} nemo, we still have time till April

[15:10] {Threei} buy all $1 ones we can, freeze them,

[15:11] {nemo} ahhhhh?

[15:11] {nemo} cool

[15:11] {nemo} don't like cheeseburgers anyway

[15:11] {Threei} sell at $1.019 when they raise to $1.19

[15:11] {Les} cooking them at home doesn't taste better?

[15:11] {nemo} hit the bids

[15:11] {nemo} umbrella trade

[15:11] {Threei} we will undercut them and make a fortune

[15:13] {strider} Well, don't quit your day job.............wait, you don't have a day job!

[15:14] {Threei} sigh

[15:14] {Threei} you are a dream-suffocator

[15:14] {nemo} triple digit down, huh Vad?

[15:14] {nemo} H's O D

[15:14] {Threei} well, we may have to wait for that

[15:15] {nemo} yeah

[15:15] {Threei} but what's my risk - no one takes my bets anyway

[15:15] {nemo} it goes in the dail log

[15:15] {Threei} and as klong as this bias doesn't impact my trading, I view it as riskless fun

[15:15] {Threei} which in this era of AIDS is not shabby at all

[15:16] {dino} out fti .99, +.24

[15:16] {Les} what's basis for your selloff hunch?

[15:16] {Les} market remains a bounce vad?

[15:16] {nemo} He's channeling Cramer

[15:16] {Les} ouch

[15:16] {Les} well his track record is proven better than cramer

[15:17] {Threei} why do I have to have basis?

[15:17] {Les} there is no basis for these calls?

[15:18] {Threei} calls??

[15:18] {Threei} calls are buy, sell, stop, exit

[15:18] {Les} working hypothesis

[15:18] {Threei} this is working assumptions

[15:18] {Threei} right

[15:18] {Threei} they are not calls-impacting,

[15:18] {Les} but why 2 days in a row thinking of red?

[15:18] {Threei} they are a stanhdard against wheich observable events are measured

[15:19] {Les} you like blood?

[15:19] {Threei} who doesn't?

[15:19] {Threei} I see a market drop, then bounce, volume dries up

[15:19] {Threei} dollar goes up

[15:19] {Les} ok, so there is a basis

[15:19] {Threei} why wouldn't I assume that downside is more likely?

[15:20] {Threei} but it doesn't mean that's how I am going to trade

[15:20] {Threei} it mweans that what I am going to check for

[15:20] {Les} sure. I thought you were just messing with our heads

[15:20] {Threei} and if it happens - I have one set of plays,

[15:20] {Threei} if doesn't - another

[15:21] {Threei} this is main point

[15:21] {ese} outta here for the day.....catch ya tomorow

[15:21] {Threei} take care ese

[15:21] {Threei} never form a bias that locks youi into directional trades

[15:21] {Threei} keep it as a working assumption, check if it materializes

[15:21] {Threei} and be ready for any of scenarios

[15:22] {Threei} the only bet it's good for is a beer bet with dino and larisa

[15:22] {Threei} we do it for years, long lost track who owes how much beer to whom

[15:22] {Threei} but never miss a chance to make yet anothger bet

[15:23] {Les} ok. tradition is it

[15:24] {dino} someone say bet?

[15:24] {Les} vad says he owes you beer

[15:25] {dino} very good

[15:27] {Les} QCOM .40 b/d?

[15:28] {Threei} doesn't look right to me

[15:28] {Les} ok

[15:35] {nemo} markets likely to run into the close

[15:39] {Threei} QCOM starts looking better

[15:39] {nemo} getting late

[15:39] {Les} ah yeh

[15:40] {Threei} still discretionary trade but at least makes right foermation now

[15:44] {Threei} am so tempted to take TM short home

[15:45] {Threei} and CYCC long

[15:45] {Threei} lol

[15:46] {larisa} makes a joke, laughs at joke :)

[15:46] {Threei} that's called self-sustainability

[15:47] {dino} bgc stopped

[15:47] {Threei} in our era of insufficient resources and growing population I ought to be commended for it, not reperimanded

[15:49] {Les} hmmm. I'd argue washington provides ample resources for jokes and laughs

[15:50] {Les} becoming a national resource

[15:50] {Les} QCOM rinsed me

[15:51] {Threei} that's raw material

[15:51] {Threei} still have to extract the core and work on it

[15:57] {Threei} skipping CYCC

[15:57] {Threei} taking a little TM

[15:58] {Threei} all in all, nice day

[15:58] {Threei} thasnk you all

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {nemo} cya

[15:59] {Les} ty

[15:59] {dino} out amsc .77

[15:59] {larisa} and thasnk you right back :)

[15:59] {lasertrev} good night all

[15:59] {Threei} sigh

[15:59] {Threei} this woman is unforgiving today

[16:00] {Threei} Reports Q4 -$0.17 v $0.03e, R$1.38B v $1.2Be

[16:00] {Threei} LVS

[16:04] {dino} gn all

Feb 15 2010

Positive day but the profit is barely above "worth waking up for" level. Gap and stall days are often like this. Most of plays were just scalps.

Session Time: Mon Feb 15 00:00:00 2010

[08:43] (Threei} ATTENTION non-US based: American markets are closed today. See you tomorrow morning.

[09:11] (ese} just popped in to say hi...force of habit getting up early

Session Time: Tue Feb 16 00:00:00 2010

[07:44] (Les} http://up.wbe01.mibbit.com/up/ISFgRVqj.gif

[07:44] (Les} I choose to be the Elvish sorceress. Vad, what are you?

[07:44] (Les} Nemo, you the barbarian warrior?

[07:47] (Threei} I'll remain my usuaj useless self, thank you

[07:47] (Threei} (GR) Spain Fin Min: Greece situation is a complex case; Sees no new deficit measures for Latvia, Poland or Hungary (related CE4FX EEM )

[07:48] (Threei} - Will ask Greece to apply deficit cutting measures ASAP

[07:48] (Threei} how lkong before Spain is in the same situation?

[07:48] (Les} they are in the same situation

[07:48] (Les} massive unemployment

[07:48] (Les} fern, whats the % now?

[07:51] (Threei} (GR) EU Economy and Monetary Commissioner Rehn: EcoFin recognizes bold steps taken by Greece

[07:51] (Threei} what steps?

[07:53] (Les} telling the EU to piss off. that's bold enough

[07:54] (Threei} oh

[07:54] (Threei} that makes sense then for EU to recognize that such step was taken

[08:00] (Les} is this going to be another news release, nothing happening, what's going on day?

[08:01] (Threei} who knows

[08:01] (Les} futures flat, no notable earnings release. you got anything on watch?

[08:02] (Threei} ONCY Receives Approval from the U.K. MHRA to Conduct Phase 3 Trial for REOLYSIN in Head and Neck Cancers

[08:03] (Threei} mostly usual suspects for now

[08:03] (Threei} then whatever news and scanner spit out

[08:04] (Les} Friday wrapped up first month of "getting" what market is about.

[08:04] (Les} result is 1% loss. $250

[08:04] (Les} 2nd month goal is to turn up positive result

[08:05] (Threei} question

[08:05] (Les} shoot

[08:05] (Threei} do you know what made it a losing month?

[08:05] (Les} me

[08:05] (Threei} well... yes but too generic

[08:06] (Threei} which partticular mistake, what to change?

[08:06] (Threei} what I drive at is:

[08:06] (Threei} it shoukdn't be a process of aimless wadnering until you get it

[08:06] (Les} yes, I have detailed files (to quote Schwazeneger in Terminator 2)

[08:06] (Threei} it would be too long and too painful

[08:06] (Les} stops, stops, stops. always the stops

[08:07] (Les} plus...

[08:07] (Les} trading less than well defined setups, thinking I can go with the trend or get in early

[08:07] (Threei} purposeful analysis of your trades with strioctly defined errors and recipes to correct them - that will shave years off the leasrning curve

[08:07] (Threei} ask me how I know

[08:07] (Les} how?

[08:07] (Les} :)

[08:08] (Threei} by having nofrikin one to show me how 14 years ago

[08:08] (Les} yes. your setups make more sense than ever, as I've tried playing other weaker or imaginary setups

[08:08] (Les} TM was huge winner for me

[08:08] (Les} and huge loser

[08:08] (Threei} (CA) Canadian Fin Min: Announces new home finance borrowing incentives for govt-backed mortgages, sees no evidence of Canada housing bubble

[08:08] (Threei} - Calls Canada's housing market "healthy and stable"

[08:09] (Les} funny, everyone saying same thing in australia

[08:10] (Threei} can't say for entire Canada of course, but from what I see in my neck of the woods, it's true

[08:10] (Threei} and it's second-most expensive place in Canada

[08:12] (Threei} US) Preview: Feb Empire Manufacturing data expected at 8:30am ET (13:30 GMT)

[08:12] (Threei} - Consensus expectations is 18.00 v 15.92 prior

[08:13] (Threei} PAAS

[08:13] (Threei} Pan American Silver Corp. (USA Yesterday declared first cash dividend $0.025/share -filing (yield less than 1%)

[08:13] (Threei} - The dividend will be distributed on or about Friday, March 12, 2010. Specific dates and amounts of future dividends will be determined by the Board on an ongoing basis.

[08:19] (strider} x

[08:19] (Threei} marking some spot?

[08:20] (strider} yeah...can't pee that far.

[08:20] (Threei} got it

[08:20] (strider} X

[08:27] (nemo} GM asylum mates

[08:27] (Threei} nemo :)

[08:28] (nemo} you'll be proud...2 day hangover

[08:28] (Threei} impressive

[08:28] (fernp} Good morning everybody

[08:28] (Threei} fern :)

[08:28] (nemo} Glad new years only comes once

[08:28] (Threei} AONE RBC Initiates AONE with Outperform, price target: $22

[08:29] (Threei} (EU) EU Commissioner Rehn: EU commission preparing papers regarding increasing economic governance

[08:29] (nemo} gold through the roof

[08:29] (Threei} US) FEB EMOIRE MANUFACTURING: 24.9 V 18.0E

[08:33] (Threei} SQNM Announces Launch of SensiGene Fetal(XY) (Fetal Sex Determination) Test

[08:42] (Les} PM miners catching a bid

[08:42] (nemo} just look at gold and silver

[08:59] (Threei} Technical Analtsts at UBS comment on market levels; See US equity markets heading towards a contrarian buying level

[08:59] (Threei} - US: Maintain last weeks call for using weakness as buy/add opportunity, see break above 1093 in the SPX as trigger of longer term up movement

[08:59] (Threei} - Advocate buying weakness or a break in the 1093 SPX level

[08:59] (Threei} - Eurioe: With no close above 2730 in the EuroStoxx can not call a bottom, see 2555 as strong supprt and break ahead of 2730 as sign of long term buy

[09:06] (dino} gm all

[09:06] (Threei} dino :)

[09:06] (Threei} TBUS Announces New Multi-Year Global Supply Agreement With Volvo of Sweden

[09:08] (dino} jst spit

[09:08] (dino} splut

[09:08] (dino} split, sheesh

[09:08] (Threei} it's contagious

[09:10] (ese} morning

[09:11] (dino} rigl does 100m deal and drops

[09:11] (Threei} ese :)

[09:12] (Threei} 100 m is just an upfront payment

[09:12] (Threei} with up to an additional $345M payable if specified development, regulatory and first commercial sale milestones are achieved.

[09:12] (Threei} Rigel will also be eligible to receive up to an additional $800M of specified sales related milestone payments if the product achieves considerable levels of commercial success, as well as significant stepped double-digit royalties on net sales worldwide.

[09:13] (dino} and it drops a buck

[09:13] (Threei} I guess if whole amount were paid upfront, RIGL would have been delisted on a spot

[09:14] (dino} lol

[09:16] (larisa} gm all :)

[09:16] (Threei} larisa :)

[09:16] (nemo} iral :)

[09:16] (larisa} vad. nemo :)

[09:16] (nemo} (:

[09:16] (Threei} just call him omen

[09:16] (Threei} that'kk show him

[09:16] (nemo} nice...

[09:17] (nemo} then you can call me Damien

[09:17] (Threei} Les will splash holy water

[09:17] (Threei} strider will distribute garlic

[09:17] (nemo} nah...that would burn him too

[09:18] (nemo} I'm not a frickin' vampire

[09:18] (Threei} will you be so kind to drive the wooden stake through your own heart to make our task easier?

[09:18] (Threei} so what, that should work anyway

[09:18] (nemo} speaking of...watched Shadow of the Vampire again this weekend..great movie

[09:18] (strider} Did somebody call me?

[09:19] (nemo} no

[09:19] (Threei} as Buffy said, You'd be amazed how many things can be killed with stake

[09:19] (billyc} gm all

[09:19] (Threei} billy :)

[09:22] (dino} ahh buffy, that was one hot gal

[09:23] (nemo} Kristy Swanson?

[09:23] (Threei} Sarah Geller

[09:23] (nemo} that was the TV show

[09:23] (nemo} I'm talking the original movie with Rutger Hauer

[09:24] (ese} contrarian buying level?

[09:24] (nemo} on what dude?

[09:24] (ese} sorry am behind....just reading previous posts

[09:25] (dino} geller my fav, but swanson mighty nice too. have to luv a girl that can take care of herself

[09:25] (ese} Technical Analtsts at UBS comment on market levels; See US equity markets heading towards a contrarian buying level

[09:25] (ese} what the hell is that........thats a new one

[09:26] (Threei} here is full text

[09:26] (Threei} Technical analysts at UBS comment on market levels, see US equity markets heading toward a contrarian buying level

[09:26] (Threei} - US: Maintain last week's call for using weakness as buy/add opportunity, see break above 1093 in the SPX as trigger of longer term up movement.

[09:26] (Threei} - Advocates buying weakness or a break in the 1093 SPX level.

[09:26] (Threei} - Europe: With no close above 2730 in the EuroStoxx can not call a bottom, see 2555 as strong support and break ahead of 2730 as sign of long term buy.

[09:26] (dino} value added, we are 3% above the low

[09:27] (ese} man these goofs will try anything to sound intelligent......

[09:27] (Threei} CLWR Goldman Sachs discloses passive stake increased to 6.1% from 1% - filing

[09:27] (Threei} - Goldman is now the 5th largest holder

[09:28] (lasertrev} morning

[09:28] (Threei} trev :)

[09:28] (ese} LT

[09:29] (Les} did someone want me to kill Nemo?

[09:30] (Les} big vol. in miners

[09:31] (dino} rigl sm l .75

[09:33] (Threei} Long Setup: WFC .25 break

[09:33] (Threei} stop under .15

[09:35] (dino} rigl stop is .47

[09:35] (nemo} gap at .53 dino

[09:35] (dino} yeah, i jumped the shark on .75

[09:37] (Threei} no go WFC

[09:37] (fernp} yes, stopped

[09:38] (fernp} STX, VAd? 19 break?

[09:38] (ese} wfc pullback maybe vad?

[09:38] (nemo} rimm .88 is pivot, short below

[09:38] (Threei} STX, yes

[09:38] (nemo} also support

[09:39] (Threei} WFC rince...

[09:39] (Threei} rinse

[09:39] (ese} ok

[09:39] (Threei} not sure ese

[09:39] (Threei} just goes with market

[09:39] (Les} NTES

[09:40] (fernp} .95 or .90 stop for STX, Vad?

[09:40] (ese} yup

[09:40] (Threei} .90

[09:40] (fernp} ty

[09:40] (nemo} 1/2 out rimm

[09:43] (nemo} stopped balance

[09:46] (nemo} frickin rimm

[09:46] (Les} rinsed ya

[09:46] (nemo} got 1:1

[09:46] (Les} k

[09:49] (Les} RIMM going for the gap fill?

[09:49] (nemo} not sure, probably though

[09:49] (dino} uthr

[09:50] (Les} s RIMM .58 small shares

[09:50] (Threei} Long Setup: X half lot .95 break

[09:50] (Threei} if stays above .80

[09:51] (Threei} 1:1

[09:52] (fernp} ty Vad

[09:52] (Threei} welcome

[09:52] (Les} half out ty

[09:52] (ese} nice call vad.....missed it

[09:53] (dino} uthr sm l .65 ave, risky

[09:56] (Les} stopped flat balance x

[09:58] (Threei} Short Setup: UAUA 16 break

[09:58] (Threei} if stays under .10

[09:59] (Threei} STX 1:1

[09:59] (fernp} ty

[10:00] (Threei} COIN Partners with Syndicated Gardening Radio Show to Drive Organic Fertilizer Sales in New England

[10:02] (strider} full lot confidence in UAUA, vad?

[10:02] (strider} if breaks?

[10:03] (nemo} discretionary now

[10:03] (nemo} huge buy at .10

[10:03] (Threei} it invalidated

[10:03] (strider} yep

[10:03] (fernp} PALM .95 break, vad?

[10:04] (Threei} hmm

[10:04] (Threei} hard to tell

[10:05] (Threei} if stays above .85 even during market drop and consolidates for 5-10 min more, maybe

[10:05] (strider} STX, salmon wanna be?

[10:06] (Threei} pretty much

[10:06] (Threei} just don't chase if looking for new entry

[10:06] (Threei} it makes pullbacks

[10:06] (strider} 1/3 still in from .02

[10:06] (Threei} ok

[10:06] (Threei} stop under b/e and let it trade

[10:07] (strider} PALM short?

[10:08] (Threei} ,80 break with .90 as a resistance... but I'd really prefer to see more consolidation

[10:08] (Les} I like palm as short on 1, 15 and 60 min. chart

[10:08] (strider} k

[10:08] (Threei} and decisive market breakdown

[10:08] (Threei} which to me we are likely to get

[10:09] (Threei} if I were asked toi bet on today's close, I would say triple digits red

[10:09] (Threei} but dino and larisa are not betting folks

[10:09] (Threei} so I have no one to bet with

[10:09] (dino} uthr stopped -.33

[10:10] (dino} whooshed

[10:10] (nemo} need dramamine?

[10:10] (dino} yeah

[10:11] (dino} swm sm l .55

[10:11] (Les} I'm a betting person, but not experienced enough to go against your call

[10:12] (dino} bet? open gap fill and up

[10:13] (Les} I have bottle of Grasovka I don't drink as collateral for bet...

[10:13] (fernp} ALTR, Vad. Any read?

[10:13] (Threei} no

[10:14] (Threei} Short Setup: RIMM .75 break

[10:14] (Threei} if stays under .90, and desirably even under .85

[10:14] (ese} L bebe .27

[10:15] (dino} swm stopped, -.35

[10:15] (ese} sm

[10:16] (nemo} stopped rim

[10:16] (Threei} yeah

[10:17] (dino} ugh uthr

[10:17] (Threei} AINE...

[10:17] (nemo} aone?

[10:17] (strider} ??

[10:17] (Threei} tries to gain momo on morning upgrade

[10:17] (Threei} yes

[10:17] (Threei} AONE

[10:18] (nemo} rinse rimm

[10:18] (ese} out bebe .42

[10:18] (ese} +.15

[10:18] (dino} gj

[10:19] (ese} tks

[10:19] (Threei} rude RIMM

[10:19] (ese} jees .416825

[10:19] (dino} swm pretty good drop

[10:20] (Threei} that's highway robbery ese

[10:20] (fernp} I hate RIMM. PALM, Vad? if breaks?

[10:21] (Threei} I think so

[10:21] (nemo} nah, we boo booed on RIMM, pivot resistance was at .88 and vwap was at .91, bad stop placement

[10:21] (ese} yup

[10:21] (ese} wa only 1500shs

[10:22] (nemo} ohhh, big bid at .80 on palm

[10:22] (Les} should drop like a ton if it breaks thru that

[10:25] (dino} bgc sm l .50

[10:26] (fernp} ALTR 1:1

[10:29] (dino} risky swm sm l .02

[10:30] (strider} is PALM lookng better now?

[10:30] (nemo} looking long now

[10:30] (strider} well that's better.

[10:31] (nemo} pov

[10:31] (strider} that's right, Maury

[10:31] (dino} cml l .80

[10:31] (ese} L apwr .80

[10:32] (fernp} SNDK, Vad?

[10:33] (Threei} Market Internals update at 10:30amET

[10:33] (Threei} - NYSE volume 190M shares, about 23% below its three-month average; advancers lead decliners by 3.1:1.

[10:33] (Threei} - NASDAQ volume 455M shares, about 10% below its three-month average; advancers lead decliners by 1.6:1.

[10:33] (Threei} - VIX index +2.2% to just over 23.00

[10:34] (ese} out apwr .88 +.08

[10:34] (ese} daaaaaaaaa

[10:37] (Threei} a bit of a gambling call, make it discretionary:

[10:37] (strider} out last of STX, .35

[10:37] (Threei} Long Setup: AONE .70 break

[10:38] (Threei} wtg strider, nice one

[10:38] (strider} did an umbrella trade during that one.

[10:39] (Threei} it was a good candidate

[10:39] (strider} wish I'd had more shares, I'd have stuck around awhile longer.

[10:39] (Threei} RIGL Hearing Rodman & Renshaw making positive comments; Reiterates Outperform rating, price target $26 (timing uncertain)

[10:40] (Threei} 26, eh?

[10:40] (ese} stec .99 L

[10:40] (ese} ahhhh .98

[10:40] (Threei} you'd think it should be capable of making single uptick on such an upograde?

[10:40] (ese} this is you dino

[10:41] (ese} didn't make -2.00 but looks good

[10:41] (dino} lol

[10:41] (fernp} .60 is AONE stop?

[10:41] (ese} stop .80

[10:41] (dino} 2.6 he means

[10:44] (ese} if stec makes .40 today......will make a huge reversal bar on the daily chart....

[10:44] (Threei} just under fern

[10:45] (fernp} ok

[10:45] (Threei} keep size controlled, stock is volatile

[10:45] (fernp} yes, ty

[10:45] (nemo} oops

[10:46] (fernp} impossible

[10:47] (_cricket} New guy here, just want to make sure AONE Long above .70 and stop is below .60

[10:47] (fernp} UAUA Vad

[10:47] (nemo} yep

[10:47] (Threei} yes cricket, but don't chase

[10:47] (_cricket} k thx

[10:48] (nemo} mmmmhhhh fish eat crickets

[10:48] (Threei} this is very volatile stock, that's why comment about call being discretionary

[10:48] (_cricket} nemo i hope there is no fish here

[10:48] (Threei} lol, nemo is clownfish

[10:48] (Les} a fish head, yes

[10:49] (Threei} UAUA.. we forgot about it fern

[10:49] (Threei} short reestablished itself and worked like charm

[10:49] (Threei} my fault

06[10:49] * nemo slaps Threei around a bit with a large cricket

[10:49] (Threei} RIGL woke up

[10:49] (dino} welcome cricket

[10:49] (_cricket} thx dino

[10:49] (fernp} no problem Vad. I took .73 w/stop above .81

[10:50] (fernp} 1:1 is here

[10:50] (fernp} ty

[10:50] (dino} swm stopped again

[10:50] (fernp} PALM still there

[10:50] (Les} PALM returning to trigger

[10:50] (Threei} welcome... but I wish I continued monitoring it and called 16 break short second time

[10:50] (Les} u r too fast fern

[10:51] (Threei} plants are fast Les, didn't you know?

[10:51] (fernp} and PALM now, Vad. What do u think?

[10:51] (nemo} rigl should run into resistance just above 9

[10:51] (Threei} nah, not without more solid consolidation

[10:51] (Les} ferns are prehistoric

[10:51] (Threei} I still like the idea of shorting on .80 break

[10:52] (fernp} ok

[10:52] (Threei} but it's hard to structure play now

[10:52] (nemo} look at the bid at .80

[10:52] (Threei} that's why I like it nemo

[10:52] (strider} PAAS salmon

[10:53] (nemo} rimm forming rising wedge

[10:54] (strider} paLM broke

[10:55] (Les} hmm big vol. spike down. don't like it

[10:55] (Threei} that's the volume from hitting that bid, Les

[10:56] (Threei} how else do you expect it to break such bid?

[10:56] (Les} k

[10:56] (Les} hoping it was going to break on silver platter for me

[11:01] (Threei} mot much action today

[11:01] (Threei} aside of X and STX

[11:01] (Threei} those two were beauties

[11:01] (ese} L gnvc .3675

[11:01] (Threei} the rest is zzzz

[11:02] (ese} huge

[11:02] (Threei} I am scarwed even to ask what huge is in your term ese

[11:03] (strider} AET forming inverse c&h

[11:03] (Threei} 100K?

[11:03] (ese} no 15k

[11:03] (Threei} whew

[11:03] (Threei} scared me for a sec :)

[11:04] (ese} quick stop .34

[11:04] (nemo} do we have a stop on palm?

[11:04] (dino} bwld .74 sm l

[11:05] (ese} sorry vad 20k not 15

[11:05] (ese} old time fitb look here

[11:07] (Threei} I don't nemo, I said I don't see how to structure the play

[11:07] (dino} enoc

[11:08] (Threei} wherever it was placed prior entry, it makes sense to trail it now

[11:08] (ese} nice

[11:09] (Les} ok. PALM lod b/d with ..85 stop?

[11:09] (dino} enoc sm l .99

[11:10] (ese} out gnvc .39

[11:10] (Threei} S&P analyst comments that US "shadow" housing inventory may take 33 months to clear

[11:10] (Threei} - The current "shadow inventory" (which includes all delinquent loans, not only those that are real estate owned [REO]) of troubled mortgages will likely take about 33 months--or nearly three years--to clear at the current rate of liquidations. Moreover, we believe this estimate is conservative, as we do not assume any loans that have yet to show any serious signs of distress to date will default in the future and further increase the overhang of homes. Nonetheless, we believe that in reality additional loans will default in the near future due to the weak economic environment, distressed residential home values, and the resulting contraction in the supply of mortgage finance.

[11:10] (ese} $500 bucks the easy way

[11:11] (Les} a juicy type 1 - nice

[11:11] (Threei} Verizon Communications Launches strategic parternership with Skype to allow Skype service on smartphones

[11:11] (Threei} ***Note that on 2/15 the FT reported that Verizon would disclose a partnership with Skype to allow its customers to make free or low-cost calls using Skype on its network.

[11:12] (Threei} Short Setup: X .75 half lot

[11:12] (Threei} if stays under .90

[11:14] (Threei} invalidated for now

[11:14] (ese} tks les

[11:14] (nemo} breaks don't seem to be playing today

[11:15] (nemo} the whack-a-mole algos are at it today

[11:15] (Threei} UAUA. STX and X will beg to differ

[11:16] (nemo} rimm palm and a few others I've looked at, no

[11:17] (ese} daaaaaa stopped stec .80 -.18

[11:17] (nemo} aone didn't either

[11:17] (Threei} AONE went 1:1, then died

[11:17] (Threei} what's the problem with that?

[11:17] (nemo} oh, it hit 1:1...

[11:17] (nemo} yep

[11:18] (nemo} well, almost

[11:18] (fernp} ALTR, SMH, FAZ, UAUA and STX breakouts worked for me nemo :-)

[11:18] (nemo} o.k. I give

[11:20] (Threei} too late... we made a firm commitment to slap you with some other fish as soon as you are not looking

[11:20] (nemo} like brk.b long on brak of .70?

[11:20] (nemo} .04 stop...

[11:20] (strider} HIG?

[11:21] (Threei} not sure BRK.B

[11:21] (Threei} BBs tightened greatly

[11:21] (Threei} spike is coming,

[11:21] (Threei} and I would put odds of spike down a little greater than up

[11:22] (nemo} well, you're going with triple digit down today, right?

[11:22] (fernp} SBUX any opinion, Vad?

[11:22] (Threei} that's my attempt to call yellow bellies on the carpoet

[11:22] (nemo} lily livered yellow bellies?

[11:22] (Threei} I don't see any play on HIG, strider

[11:23] (Threei} just moves with market

[11:24] (Threei} SBUX... chart is right, everything else is not

[11:24] (Threei} time of the day, market stance

[11:24] (Threei} everything says stay away, it's pretty much random

[11:24] (Les} APC .60 break?

[11:24] (fernp} ok ty

[11:24] (Threei} no Les, not by me

[11:25] (Threei} and...

[11:25] (Threei} Short Setup: BRK.B .65 break

[11:26] (nemo} this stock reminds of the guy who used to draw "Bloom County

[11:28] (Threei} SO Confirms US Administration loan guarantees for nuclear power plants

[11:28] (ese} L yhoo .32

[11:28] (Threei} - U.S. Department of Energy (DOE) has offered its subsidiary Georgia Power a conditional commitment for loan guarantees for the construction of the nation's first nuclear power units in more than 30 years, a move designed to help spur a renaissance in America's nuclear industry.

[11:29] (Threei} BRK.B is invalidated

[11:29] (Threei} this sudden market spike added to randomness

[11:29] (Threei} Preview: several Fed speakers are scheduled to speak this afternoon

[11:29] (Threei} **at 12:00ET, Kansas City Fed Pres Thomas Hoenig will speak at a forum on budget policy about "Avoiding a Government Debt Crisis." Advance text and Q&A are TBA.

[11:29] (Threei} **at 12:30ET, Atlanta Fed Pres Dennis Lockhart will speak on early childhood education. He will take Q&A after the speech.

[11:29] (Threei} **at 12:45ET, the new Minneapolis Fed Pres Narayana Kocherlakota will discuss the economic outlook. An advance text and audience Q&A are expected. This will be Kocherlakota's first public speech since being named the Minneapolis Fed president on Oct 8.

[11:30] (nemo} wow...now that's a name

[11:32] (ese} out yhoo .37 +.05

[11:32] (nemo} brk.b stopped at 200

[11:34] (strider} Do laser's charts not adjust for splits?

[11:34] (Threei} somew do some not... gtta ask trev

[11:35] (Threei} PALM won't go up with market

[11:36] (Threei} more and more looks like downside salmon in the making

[11:36] (Threei} only this market strewngth keeps it floating

[11:37] (Threei} be back in 30 min guys

[11:38] (nemo} rimm probably looking to close gap

[11:38] (ese} L mpel .89 sm

[11:39] (ese} broke 3 days high

[11:41] (Les} energy stocks look like they want up. APC continues higher. back later

[11:42] (nemo} oil way up

[11:42] (ese} think i might have goofed on this vad......i know it's one of your screens but the momo isn't what it should be

[11:42] (ese} maybe the market will help it

[11:42] (strider} vad's out for 30 min.

[11:43] (nemo} yeah but _notvad is here

[11:43] (strider} oooooooohhhhhhh!

[11:44] (ese} oh well here we go

[11:48] (ese} out .91 mpel +.02 call it break even....not enough momo

[11:54] (_pronk} Hi guys, I assume most of all use itelli scan, but what brokers and software do you recommend for trading?

[11:54] (_pronk} location Canada if that makes a difference

[11:54] (strider} Hi pronk.

[11:55] (_pronk} strider

[11:55] (strider} I don't use intelliscan.. use Laser software.

[11:55] (_pronk} for everything

[11:55] (strider} no.

[11:56] (strider} For daytrading.

[11:56] (strider} MB Trading for other stuff.

[11:57] (nemo} LASER has excellent execution, charts a bit limited

[11:57] (_pronk} what do you use for a scanner?

[11:57] (nemo} Vad uses intelliscan

[11:58] (nemo} Dino, has his own setup through his broker

[11:58] (strider} I use a newsfeed........and vad:)

[11:58] (nemo} Frankly, I watch a set of stocks and trade them

[11:58] (nemo} If, somebody points out a wild one, fine

[11:58] (dino} cyber/schwab st smartpro

[11:58] (larisa} I use Laser and MBtrading side by side. Laser executions win on fast stocks.

[11:59] (dino} magoo w/laser, better executions than i get

[11:59] (nemo} also, BEAR capital's costs are low

[11:59] (_pronk} Great, thanks for all the suggestions

[12:01] (strider} HIG h&s

[12:01] (nemo} yeah, but a swamp of support below it until .73

[12:02] (nemo} although. looking at trend line from Friday...

[12:02] (nemo} tough call

[12:07] (strider} CAT maybe

[12:09] (nemo} dropping volume on this peak

[12:10] (nemo} lunchtime..not fond of breakouts at this time

[12:10] (dino} swm sm l .51

[12:10] (nemo} I actually give cat short better os

[12:10] (nemo} odds

[12:10] (strider} SLE halted

[12:11] (strider} they found somebody that doesn't like Sara Lee?

[12:11] (larisa} lol

06[12:11] * nemo slaps strider around a bit with a large pound cake

[12:11] (strider} can I get ice cream with that?

06[12:12] * nemo slaps strider around a bit with a large bowl of Heavenly Hash

[12:12] (Threei} back

[12:12] (nemo} happy happy joy joy

06[12:13] * Threei slaps nemo around a bit with a large dose of anti-sarcasin

06[12:13] * nemo drinks a large dose of anti-sarcasm -antidote

[12:13] (Threei} (US) Fed's Hoenig: Need to cut spending and raise taxes now; rising debt threatens Fed independence, inflation, and debt goals

[12:13] (Threei} - Hyperinflation is possible when the economy is under a great deal of stress.

[12:13] (Threei} - There is a risk the Fed may be asked to monetize US debt; feels if the fiscal situation is not addressed the currency will weaken

[12:13] (Threei} - US fiscal policy needs to concentrate on cutting debt.

[12:14] (Threei} this is beyond pale:

[12:14] (Threei} - There is a risk the Fed may be asked to monetize US debt

[12:15] (Threei} what the deuce? after all the affirmations "we are not going to monetize debt" and after all the whining about Fed's independnce?

[12:15] (nemo} they have been monetizing the debt

[12:17] (dino} salvation thru inflation

[12:17] (Threei} Market Internals update at 12:00pmET

[12:17] (Threei} - NYSE volume 360M shares, about 20% below its three-month average; advancers lead decliners by 3.9:1.

[12:17] (Threei} - NASDAQ volume 890M shares, about 5% below its three-month average; advancers lead decliners by 1.9:1.

[12:17] (Threei} - VIX index -1.75% to just over 22.00

[12:22] (Threei} Short Setup: PALM .75 break if stays under .85

[12:24] (nemo} could that be a two-way, because the top of a trend line since Friday at 1:00 is right around .81

[12:30] (Les} CLF 48 b/d?

[12:30] (Threei} yes but half lot

[12:30] (Threei} thin one

[12:37] (strider} we still waiting on PALM?

[12:38] (fernp} yup

[12:38] (Threei} (US) Preview: Feb NAHB Housing Market Index due out at 13:00ET

[12:38] (Threei} **consensus expectation: 16e v 15 prior

[12:40] (strider} Panasonic upgraded earlier to Hold from Sell at Citigroup :t

[12:40] (strider} If the previous advice was to sell....what is there now to hold?

[12:42] (dino} swn out .04,

[12:42] (dino} +.54

[12:45] (fernp} gj dino

[12:48] (dino} needed that

[12:48] (fernp} KLIC any read, Vad?

[12:48] (Threei} I guess it's "if you were smart enough not to listten to our sell advice, now hold"

[12:49] (Threei} yea fern

[12:49] (Threei} I read KLIC as infuriating stock

[12:49] (Threei} day adter day it hits my scanner

[12:49] (Threei} look at daily

[12:50] (strider} If not KLIC, how about KLAC?

[12:50] (Threei} and day after day I can't find damn entrey on it

[12:50] (strider} I think they're brothers.

[12:50] (fernp} ty Vad

[12:50] (fernp} daily is too extended

[12:50] (Les} AIG fallen under 200 and 50 ma on 1 min.

[12:50] (Threei} that's what I think for the whole of last week

[12:51] (Threei} yet darn thing extends even further, lol

[12:51] (fernp} lol

[12:52] (fernp} DNDN also consolidating on highs

[12:52] (Les} stopped CLF

[12:56] (Threei} US) Fed's Hoenig: Fed asset purchases have brought the Fed into the political sphere - Q&A

[12:56] (Threei} no really?

[12:56] (Threei} - Need to remove assets from the balance sheet as quickly and as systematically as possible

[12:57] (Threei} - may encounter adverse affects on the economy if the Fed does not shrink the balance sheet to normal

[12:57] (nemo} define normal

[12:57] (strider} _notnemo.

[12:57] (nemo} nice

[12:58] (Threei} rofl

[12:58] (Threei} that was good one strider

[12:58] (dino} lol

[12:58] (nemo} magoo would enjoy that

[12:58] (Threei} no jkidding, where is the old alcoholic??

[12:59] (dino} i don't know, snow storm, so maybe out plowing

[12:59] (Threei} speaking of... I may have to redeem my own sins on this weekend. I corrupted patience by introducing her to straight vodka

[12:59] (dino} had a seagrams citus martini on sunday, quite tasty

[13:00] (Threei} *(US) FEB NAHB HOUSING MARKET INDEX: 17 V 16E

[13:00] (Threei} - no revisions

[13:00] (Threei} - NAHB Economist: (related SPY SHY EUR/USD XHB )

[13:00] (nemo} hah swm might go momo

[13:05] (fernp} FITB around 12 Vad. Any suggestion?

[13:05] (nemo} rimm climing against market

[13:06] (Threei} daily is nice for 12 break fern,

[13:06] (fernp} maybe tomorow

[13:06] (Threei} just need according market acrivity

[13:06] (fernp} yes

[13:07] (Les} NOV .70 b/d?

[13:07] (Threei} market right nowe is deasd a a doornail in yesterday's cake

[13:07] (Les} after this bounce?

[13:07] (Threei} probably Les

[13:07] (Threei} kind of 51/49

[13:08] (larisa} doornail in cake??

[13:09] (Threei} yesterday's cake

[13:12] (nemo} swm kinda looks like Maine

[13:13] (Threei} tempted to short X

[13:13] (nemo} and I was just looking at it long

[13:13] (Threei} don't see clean setup yet

[13:13] (nemo} bounced right off 200 and formed a morningstar

[13:13] (nemo} that's bullish

[13:14] (nemo} geek inverted H&S

[13:17] (ese} gotta go all......have had a good day cya tomorrow

[13:17] (Threei} take care ese

[13:17] (ese} cya vad

[13:18] (Threei} should have listened to nemo

[13:18] (nemo} about what?

[13:18] (Threei} taking X long

[13:19] (nemo} oh

[13:21] (nemo} fas had a nice break above .20 but the .35 stop wasn't too my liking, probably goes to .75 today

[13:23] (nemo} ahh 69.75 that is

[13:24] (Threei} Fed's Kocherlakota: Inflation may increase if the Govt fails to adopt good policies - Q&A

[13:24] (nemo} third trip for rimm to this area

[13:28] (dino} lgf

[13:30] (nemo} Icahn tender offer

[13:30] (Threei} LGF Second largest holder Icahn reportedly launches a tender offer for 13.2M shares at $6.00/shr

[13:30] (Threei} - Note: Icahn had disclosed an increased stake to 15.1% in Feb.

[13:33] (Threei} SQNM suddenly found strength

[13:33] (Threei} news is out premarket

[13:33] (strider} short HOG .97, stop .00 :)

[13:33] (fernp} FITB broke 12

[13:36] (Threei} SQNM tries to develop momo

[13:38] (dino} thx 3i, found it, lgf

[13:39] (nemo} rimm building wedge

[13:42] (Threei} anyone has suggestions for plays on nuclear energy?

[13:42] (Threei} USEG used be one but it's a piece of crap now

[13:43] (Threei} SQNM, see if pulls back harshlky into 5-5.10

[13:43] (Threei} should be a scalp entry there

[13:44] (strider} Do you just buy the pullback, vad....or is there still a setup to wait for?

[13:44] (Threei} momo... rarely gives setups

[13:44] (nemo} you like fas break of 72 stop under .60?

[13:44] (nemo} could be a switchitter uner .60

[13:45] (Threei} 50/50, nemo...

[13:45] (Threei} oh, and credit where credits due... kudos to Obama for finding guts to restart nuclear power

[13:48] (patience} .

[13:48] (Threei} works, FAS

[13:49] (Threei} went for it nemo?

[13:49] (nemo} no

[13:49] (fernp} i played FAZ .69 breakdown and .49 breakdown

[13:49] (fernp} worked great!!!

[13:50] (nemo} you shorted faz?

[13:50] (fernp} yes

[13:51] (nemo} rimm testing top of triangle

[13:52] (strider} have we hit the HOD?

[13:52] (nemo} on indexes? below

[13:53] (strider} huh?

[13:53] (nemo} HOD on what?

[13:53] (strider} indexes

[13:53] (strider} indices, actually.

[13:53] (Threei} anf they are both are English-speaking

[13:53] (nemo} "below"

[13:54] (strider} what does that mean?

[13:54] (strider} below

[13:54] (nemo} below the HOD

[13:54] (fernp} debajo

[13:54] (strider} I know we're below, nemo.

[13:54] (nemo} [13:52] (strider} have we hit the HOD?

[13:54] (nemo} [13:52] (nemo} on indexes? below

06[13:54] * nemo slaps strider around a bit with a large pair of reading glasses

[13:54] (strider} Will the indexes make a new high this afternoon?:)

[13:55] (strider} you didn't answer my question. You answered another question.

06[13:55] * nemo slaps strider around a bit with a large quija board

[13:55] (strider} oija

[13:55] (nemo} weja

[13:55] (strider} or 'wee-gee" in east Tennessee.

[13:56] (nemo} wegahh in Mass

[13:56] (strider} figgurs

[13:56] (nemo} figahhs

[13:59] (strider} I lak th way you talk.

[14:00] (nemo} you got a purdy mouth

[14:00] (nemo} I gotta' go shoot myself

[14:00] (strider} uh-oh.

[14:01] (nemo} Deliverance

[14:01] (strider} Slingblade.

[14:01] (strider} Some people call it a kaiser blade.

[14:02] (nemo} a caesar blade?

[14:03] (nemo} aig riding support

[14:03] (larisa} whos your favorite olimpian strider?

[14:03] (strider} don't know how you spell that usage.

[14:03] (strider} favorite?

[14:03] (nemo} kaiser=caesar

[14:03] (Threei} Zeus?

[14:03] (nemo} nice 3i

[14:03] (larisa} sigh

[14:03] (strider} don't mean it's spelled that way for a slingblade.

[14:03] (nemo} I like Jupiter

[14:03] (strider} jump in anywhere, laris.

[14:04] (nemo} I know...I'm just bored

06[14:04] * nemo slaps larisa around a bit with a large down taffeta pillow

[14:04] (strider} HOG forming a head & shoulder & head & shoulder

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

[14:04] (Threei} - NYSE volume 540M shares, about 12% below its three-month average; advancers lead decliners by 4.2:1.

[14:04] (Threei} - NASDAQ volume 1.27B shares, about 7% below its three-month average; advancers lead decliners by 1.9:1.

[14:04] (Threei} - VIX index -0.75% to just over 22.50

[14:05] (nemo} oh a quasimodo

[14:05] (Threei} lol

[14:05] (strider} sort of .

[14:05] (Threei} pains me to admit but it was a good one nemo

[14:05] (nemo} :)

[14:06] (strider} now you rurn't him.

[14:06] (nemo} nah...

[14:07] (nemo} can't get much worse

[14:07] (strider} One can only hope.

[14:07] (nemo} hope is a dirty word

[14:07] (nemo} hope=expectations=not_reality

[14:08] (strider} So my choice is between nemo and fantasy?

[14:08] (strider} hmmm...

[14:08] (nemo} carful bub...

[14:09] (strider} somebody please sit on the HOG.

[14:09] (nemo} ?

[14:09] (strider} jump up and down, do something.

[14:09] (nemo} whack the kickstand

[14:09] (strider} here we go.

[14:13] (nemo} spy bounced of 200

[14:15] (nemo} bgc DBI or long?

[14:17] (Threei} BBs tightened greatly

[14:17] (Threei} but direction is anyone's guess

[14:17] (dino} was down 4 friday

[14:18] (nemo} volume coming in

[14:19] (nemo} even fas trading by appointment

[14:20] (nemo} some big sells in bgc

[14:22] (nemo} wow 264000 and 349000 lots just hit bids

[14:23] (strider} just add 2 zeros.

[14:23] (nemo} oh still big

[14:24] (nemo} sorry

[14:24] (strider} somebody's scarfin up everything at .70

[14:24] (nemo} mhhhh, offer miht be lifting

[14:24] (nemo} might

[14:25] (Threei} sleeepy market

[14:26] (Threei} BGC seems to swear off trading

[14:26] (Threei} I, BGC, solemnly swear nevfer ever to move any single cent again

[14:28] (nemo} shoulda' bought on your comment

[14:32] (Threei} well... you would have sqwueezed whole 5 cents out of it

[14:32] (nemo} .08

[14:33] (strider} KFT spikke

[14:33] (strider} spike

[14:34] (nemo} I was thinking (incorrectly perhaps) when all those shares were sold at .70 and it wouldn't break, once it lifted the offer it was probably not going back down

[14:35] (strider} AMZN new low

[14:35] (Les} AWIAV?

[14:35] (Threei} that's a valid line of thinking

[14:35] (Threei} it's just more applicable in active market...

[14:35] (nemo} who me?

[14:36] (Threei} this swampy one that wer have for the last few hours is just too random

[14:36] (Threei} yes

[14:36] (nemo} glad I'm sitting down

[14:39] (nemo} FAS has broken uptrend line, wealkness in market below .50 could be short...having said that 200 ma is creeping up on .30

[14:39] (nemo} SPY riding 200

[14:42] (nemo} interesting...fas right at resistance of a 2ndary trend line from 1:30 peak

[14:43] (Threei} SBUX Burger King to reportedly begin selling Starbucks coffee this summer

[14:44] (Les} PALM has become an HFT play, stuck between .80 & 78

[14:45] (Les} sorry, that was question, not assertion

[14:45] (Threei} it stuck... but it has nothing to do with HFT

[14:46] (Les} no, human traders can fix a stock in such a manner?

[14:47] (Threei} sorry Les, it makes no sense

[14:47] (Threei} this form of question I mean

[14:48] (Threei} one big seller can keep stock from moving against all the buying, human or not

[14:48] (Threei} until they take all the shares he has for sale

[14:48] (Threei} or until they run out of shares they wanted to buy

[14:48] (Threei} same on opposite side

[14:48] (Les} ahh ok. I often saw BAC in such a trading pattern. thought the computers were doing it

[14:49] (Threei} what difference it makes?

[14:49] (Threei} I can't understand the very concept of trying to differentiate bwteen what computers do and what hunmans do

[14:50] (Threei} will it give you a clue about duirection?

[14:50] (Threei} or about anything actually

[14:50] (nemo} We are borg

[14:50] (Les} was under impression that BAC or PALM was no longer tradable, if nothing else because computers were bouncing it back between themselves for the rebate

[14:50] (dino} lost me

[14:51] (Threei} how does it make them proftable?

[14:51] (nemo} my head hurts

[14:51] (Les} different way of seeing stock, that the price is stuck because of a big seller or buyer..

[14:51] (Threei} there is some misconception about that out there

[14:51] (dino} overthinking it, imo

[14:51] (strider} RIMM b/d?

[14:51] (Threei} don't strider, totally random

[14:51] (Les} true dino

[14:51] (strider} k

[14:52] (Threei} everyione seems to think compuaters buy and sell and get rebate

[14:52] (Les} but that is what popular media gave me impression of

[14:52] (Threei} well, they are idiots with no skightest clue

[14:52] (dino} computers just run the matrix, which is why everything tastes like chicken

[14:53] (Threei} if they had an idea what they were talking about they would realize that:

[14:53] (Threei} in order to get rebate, one needs to add liquidity

[14:53] (Threei} if one removes liquidity, one pays, not gets rebate

[14:54] (Threei} so, to get rebate one computer needs to buy at .78 and sell at .79

[14:54] (Threei} how then another computer makes money, one that sdells to first one and buys from it?

[14:54] (Threei} also, keep in mind that payment when you remove liquidity is bigger than rebate for adding it

[14:54] (Threei} so you can't do both taking turns and make money - you will lose on total

[14:55] (fernp} good evening everybody. see u all tomorrow

[14:56] (Threei} take care fern

[14:56] (Les} ciao

[14:57] (Threei} seems we are looking at the eod rally

[14:57] (dino} cya fern

[14:57] (Les} ok. another day, another misconception cleaned up

[14:58] (Threei} you can get rebate by adding liquidity on Laser

[14:58] (Threei} it's not something reserved for big guys only

[14:59] (Les} I might give laser a go sooner than you think

[14:59] (Threei} nor is trading with dark pools, just use GETCO route

[14:59] (Les} was juggling taxes and trading funds over dinner

[15:00] (Threei} there is so much bs floating out there about all these conspiracies

[15:00] (Les} $10k with laser might be a speedier solution to starting up for real

[15:01] (Les} yeh this notion that PALM is an HFT is I guess an example of me making 2 + 2 = 5

[15:01] (Les} I do it often

[15:01] (strider} Les, ask trev if you could get a demo acct. for awhile.

[15:02] (Les} he only allows 2 weeks

[15:02] (strider} whatever.

[15:02] (strider} you already done that?

[15:03] (Les} no. sent in the paperwork but have ended up paper trading with IB

[15:03] (Les} mind you, no hurry. will not move money until paper trading is profitable

[15:04] (strider} If paper trading were profitable, I'd stick with that!

[15:04] (Les} yeh yeh

[15:04] (Threei} lol

[15:04] (strider} where's that key on my computer?

[15:05] (Les} was saying to Vad this morning. 1st month of close analysis of trading on paper finished. 1% loss

[15:06] (strider} BGC

[15:06] (Les} last year lost 65% of capital in months friggin around doing silliness. not to be repeated

[15:06] (Les} COH for .10 break?

[15:07] (Threei} no read

[15:07] (Threei} X continues, and looks watning more

[15:08] (Threei} need pullback though

[15:08] (Threei} don't want breakout on it

[15:09] (Les} why not AA for a type 1?

[15:09] (Les} slow and plenty of liquidity?

[15:10] (Threei} on pullback to .65, sure

[15:10] (Threei} maybe deeper, use X as guidance

[15:10] (Threei} here comes pullback on X

[15:11] (Threei} RIGL Exec: Expects to announce a partnership on psoriasis drug R348 in the next three months; looking for a global collaboration partner in dermatology or ophthalmology

[15:11] (strider} where would you buy?

[15:11] (Threei} .25 zone

[15:11] (Threei} .35, sorry

[15:11] (nemo} support yeah

[15:13] (Threei} here follows AA

[15:13] (Threei} see how they are linked?

[15:13] (Les} y

[15:14] (Les} I've come to respect X. It bites

[15:16] (Les} AA slower but less nasty. 50 ma at .65. long .66

[15:17] (nemo} seed momo

[15:19] (Threei} I don't see any news

[15:19] (dino} hod dji, s/p

[15:19] (dino} luv news

[15:20] (_pronk} did you suggest AA on principle of capitulation?

[15:20] (nemo} 5 syllables vad

[15:20] (Threei} rather puyllback into support

[15:21] (Threei} plus following the older brother, X

[15:21] (Threei} but it's not really your usual play, it was rather response to Les about possible scalp type I on it

[15:27] (Threei} Long Setup: X .35 break if stays above .30

[15:29] (Threei} SEED Strength attributed to Citadel disclosing passive stake increased to 187K (0.8%) from 10K shares

[15:31] (Threei} hewre comes AA for scalp completion

[15:31] (Threei} ese would have loved it, his kind of play

[15:32] (nemo} x invalidated

[15:33] (Les} out +.05. I can see difference between my measly 1500 shares and 35K

[15:33] (Threei} difference is 33.5K

[15:34] (Les} hehe

06[15:34] * Threei is very proud of his math abilities

[15:34] (Les} and ten years

[15:35] (nemo} mmmhhhh, big rally, no volume

[15:36] (Threei} Market Internals update at 3:30pmET

[15:36] (Threei} - NYSE volume 705M shares, about 11% below its three-month average; advancers lead decliners by 5.3:1.

[15:36] (Threei} - NASDAQ volume 1.63B shares, about 7% below its three-month average; advancers lead decliners by 2.1:1.

[15:36] (Threei} - VIX index -1.3% to just under 22.50

[15:41] (Threei} spike or pullback, that is the question

[15:41] (Threei} 'cause if spike, VXX .75 break short is our play

[15:44] (Threei} who went for it, keep .82 stop and look to start covering under .70

[15:48] (Threei} first cover here, unless you are just scalping

[15:48] (Les} out +.09 ty

[15:48] (Threei} welcome

[15:48] (nemo} wow amzn really weak

[15:48] (Threei} that was strangely easy

[15:48] (dino} pretty strong finish

[15:49] (nemo} should probably get to 200 points

[15:49] (nemo} on the dow

[15:50] (Threei} somewhat disconnected finish, too

[15:50] (Threei} indices go up, X drops

[15:50] (Les} x bounce

[15:51] (Threei} positive day but not by much... more of a boredom than profit to say honestly

[15:52] (dino} i struggle on these big open gap up days

[15:52] (Threei} yeah, they gap and stall

[15:52] (Threei} my fault... should have listened to nemo, he was rithg on the money today more often than not

06[15:53] * nemo ?

[15:53] (Threei} nevermind nemo... go back to sleep

[15:53] (nemo} this is your monday

[15:53] (Threei} I thought today was Tuesday

[15:53] (nemo} kinda' makes sense we were going to have a jump one way or the other because of the long-weekend

[15:55] (billyc} gn all thanks for the calls ok day

[15:55] (Threei} good to hear, take care billy

[15:56] (Threei} volume is pitiful

[15:57] (dino} gj billy

[15:57] (Les} I am surprised the EU proclamations have ceased

[15:57] (nemo} I was thinking fas short .80, but I thought this colse to the end...hah

[15:57] (Threei} market lost sensitivity to them too

[15:58] (Threei} unless something really sensational comes out of there, it bwecame non-event

[15:58] (Les} perhaps the reason they stopped...

[15:59] (Threei} or they just don't know what to do, and repeated all blanket statements 10 times already

[15:59] (Threei} kind of tough to decide between killing euro right now or in 5 years

[16:00] (Threei} brokewr shrugs today looking at my trading

[16:01] (Threei} 40K shares, and profit to show for that is ummm...

[16:01] (dino} 30 day grace on it i think 3i, gereece has 30 days to right itself, otherwiseeu takes some sort of action

[16:01] (Threei} pitiful?

[16:01] (Threei} yeah dino, I guesss they all just took pause

[16:01] (Threei} thank you all

[16:01] (Threei} have a good evening, see you tomorrow

[16:01] (Les} ciao

[16:01] (Les} ty