Dec 01 2009

One of those days when things just don't work out. Well, not exactly, some trades work and some don't but at the end of the day stops still outweigh wins.

Session Time: Tue Dec 01 00:00:00 2009

[07:12] {Threei} 06:38 NVAX Piper Jaffray Initiates NVAX with Buy, price target: $4.50

[08:02] {Threei} SVA Obtains 4th order from Chineses Govt (7.40, 0.00, 0.00%)

[08:02] {Threei} SEED, ever the ball of fire

[08:16] {Threei} BLTXX Baltic Dry Bulk Index: falls just over 1% (8th straight decline

[08:17] {nemo} morning comrades

[08:21] {Threei} nemo :)

[08:21] {strider} FITB upgrade

[08:21] {Threei} 06:26 FITB CitiGroup Raised FITB to Buy from Hold, price target: $13

[08:21] {nemo} wow, Japan launched gold

[08:22] {Threei} another bubble in the making

[08:23] {nemo} Frankly, i think the world economy is a bubble in the making, and when it pops...well, I have no aphorism for it

[08:31] {Threei} and SEED continues

[08:31] {Moose} gm all

[08:31] {Threei} moose :)

[08:32] {Moose} :D

[08:32] {nemo} well, everything has jumped on the Japan news

[08:33] {Threei} CPST Signs $1.8 Million in New Long-Term Service Contracts; Service Backlog Increases to Over $17 Million (1.27, 0.00, 0.00%)

[08:34] {nemo} blast from...well...recent past...a whole $17 million backlog...wow

[08:35] {Threei} it used to be a player

[08:35] {Threei} now it's so pennyish

[08:35] {nemo} yep...had quite a run

[08:36] {strider} ovti

[08:37] {nemo} aig up almost $2

[08:38] {strider} IOC

[08:38] {nemo} Olympic Committee?

[08:39] {strider} Interoil corp

[08:39] {strider} morning nemo:)

[08:39] {nemo} yes...just playing my part..yuk yuk

[08:39] {nemo} strider :)

[08:39] {nemo} kinda' comes naturally, actually

[08:41] {strider} I figgered

[08:48] {ese} morning.........

[08:49] {nemo} dude

[08:49] {ese} dude

[08:50] {ese} hows the weather on the east coast nemo?

[08:51] {ese} stopped raining for the first time in a bloody month yesterday

[08:51] {ese} here

[08:51] {ese} started wishing for snow and sunshine

[08:52] {Threei} ese :)

[08:53] {ese} morning vad......almost a day without rain yesterday

[08:53] {Threei} actually, second in a row

[08:53] {Threei} my palm tree finally ca dry out a little

[08:54] {ese} not in oak bay.....we got drizzled in the morning

[08:54] {ese} didn't know you have a palm tree.....we got one too

[08:54] {Threei} well, we had such a fantastic stretch of a summer

[08:54] {Threei} payback was coming

[08:54] {ese} lol

[08:57] {Threei} btw ese, needham likes you

[08:57] {Threei} 06:39 ESE Needham Initiates ESE with Buy, price target: $38

[08:57] {ese} well how bout that........

[08:58] {ese} up .45 to boot

[08:59] {fernp} Good morning everybody

[08:59] {strider} morning all

[08:59] {Threei} fern, strider :)

[08:59] {Threei} fern, how was the movie?

[09:00] {strider} vad:)

[09:00] {ese} ST fern

[09:00] {fernp} I didn't like it

[09:00] {strider} ese:)

[09:00] {Threei} warned you... :)

[09:00] {fernp} was always the same...

[09:01] {ese} what was the movie

[09:02] {Threei} 2012

[09:02] {fernp} 2012

[09:02] {ese} hmmmmmmm

[09:05] {ese} don't forget to open up your trading advent calendars everyone.......should be a good trade or 2 in there today

[09:06] {fernp} Im long FITB from yesterday at 9.95

[09:06] {Threei} nice!

[09:06] {fernp} :-)

[09:06] {ese} i'm thinking hban or fitb

[09:06] {strider} good deal fern

[09:06] {Threei} you knew about Japan overnighjt announcement...

[09:06] {ese} nice one fern

[09:07] {ese} 60k fern?

[09:07] {fernp} 500

[09:07] {ese} haven't seen that yet vad....whats the announcement

[09:08] {Threei} essentially, they debase their currency in the same way US does

[09:09] {ese} hmmm hows that?

[09:09] {Threei} VNDA $200M payment triggered from Novartis due to anti trust approval for Fanapt

[09:09] {Threei} - waiting period has expired under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 wi... (10.56, 0.00, 0.00%) more... (related NVS )

[09:10] {Threei} the Bank of Japan emergency meeting resulted in a decision to print Yen in hopes of weakening it

[09:11] {nemo} that's the strategy, fiat world, get everybody to debase...screw the citizens, and pay your sovereign debts

[09:11] {ese} you following anything this morning vad

[09:11] {Threei} SEED

[09:11] {Threei} FITB

[09:11] {Threei} AIG

[09:11] {Threei} NVAX

[09:11] {ese} tks

[09:12] {Threei} keeping an eye on HIG, to see if it becomes a player again

[09:13] {ese} seed is very interesting......the news is not stellar.......whats driving that thing.....greed

[09:13] {BillyD} GM everyone

[09:13] {Threei} turned into toy for traders

[09:13] {Moose} seed greed

[09:13] {Threei} it's no longer about company

[09:13] {Threei} it's about who outsmarts who

[09:13] {nemo} nice moose

[09:13] {ese} billy

[09:14] {BillyD} true Vad

[09:14] {Moose} brb

[09:14] {ese} interesting way to look at that

[09:16] {larisa} gm

[09:16] {Threei} larisa :)

[09:17] {larisa} vad :)

[09:17] {nemo} lari :)

[09:17] {larisa} nemo :)

[09:17] {ese} laris

[09:18] {larisa} hi ese

[09:19] {Threei} SEED retreats

[09:20] {ese} things went negative all of a sudden.....what happened there

[09:20] {Threei} nothing really

[09:20] {Threei} just little pullback

[09:21] {ese} now that was interesting......screens are green.....then white to red...everything......

[09:22] {ese} now back to green

[09:22] {Threei} must be quotes fluke

[09:22] {Threei} nothing like that here

[09:22] {ese} or something....

[09:22] {lasertrev} morning

[09:23] {Threei} trev :)

[09:23] {ese} LT

[09:24] {BillyD} Vad, thinking possible QLTI continuation

[09:24] {BillyD} over 5

[09:25] {Threei} I'd like to see some consolidation first

[09:25] {Threei} need clearly defined stop level

[09:26] {BillyD} .90 would be from yesterday

[09:26] {BillyD} we'll see

[09:26] {Moose} AIG moose dropping

[09:26] {nemo} moose droppings?

[09:26] {Moose} slammed

[09:28] {Moose} nemo.. sorry, AIG dropped like .60 in a blink

[09:28] {Moose} or more

[09:28] {nemo} yes I seee...your phrasing caught me by surprise

[09:28] {Moose} lol

[09:29] {ese} i like that phrasing

[09:29] {fernp} at 10:00am a lot of numbers

[09:30] {Threei} 10:00 Nov ISM Manufacturing (last 55.7), Nov ISM Prices Paid (last 65), Oct Construction Spending m/m (last 0.8%), Oct Pending Home Sales (last m/m 6.1%, y/y 19.8%)

[09:31] {Threei} (UK) BOE's Posen: To use taxes to curb bubble in house prices; Targeting assets with monetary policy will not work

[09:31] {Threei} bubble in house prices?

[09:31] {nemo} they see bubbles everywhere

[09:32] {Threei} SEED, pullback should come now

[09:32] {Threei} AIG like a rock

[09:33] {Moose} thats Prudential :)

[09:33] {strider} long aig .13

06[09:33] * nemo slaps Moose around a bit with a large trout

[09:34] {nemo} nice strider

[09:34] {strider} fly on the wall reported an erroneous downgrade announced by CNBC

[09:35] {Threei} I hate to do it but

[09:35] {Threei} Long Setup: SEED .50 break

[09:35] {Threei} half ot

[09:35] {Threei} strop under .30

[09:36] {Threei} no worky

[09:36] {fernp} out

[09:36] {BillyD} it's deceiving Vad

[09:36] {Threei} still pullback stock, not a breakout

[09:36] {Threei} but really looked like this time was going to work

[09:37] {BillyD} agree

[09:37] {strider} seed out -.29

[09:38] {strider} AIG out +.67

[09:38] {ese} L rimm .96

[09:38] {Threei} nice AIG

[09:38] {strider} thanks.

[09:39] {Moose} geeze AIG nutzo

[09:40] {BillyD} look at the spike tails on SEED

[09:40] {BillyD} all over the plavce

[09:40] {nemo} look at the triangle on fcx

[09:41] {Threei} Short Setup: WFC 28 if stays under 28.10

[09:41] {ese} stopped rimm .84 -.12

[09:42] {ese} don't know how mags does it with that stock

[09:42] {Threei} NUVA... grrr

[09:43] {Threei} missed short alert earlier, just watching it dropping

[09:43] {nemo} frig...I had the support line break on that

[09:43] {BillyD} CAT short possibly

[09:44] {fernp} WFC still valid, no?

[09:44] {Threei} if bounces off 28 and stays under .10 this time, yes

[09:44] {fernp} ok

[09:44] {Threei} right away, not sure

[09:44] {Threei} can turn a trap easily

[09:46] {Threei} valid now

[09:46] {Threei} 28 break

[09:48] {Threei} Long Setup: RIMM59 break if holding above .90

[09:48] {Threei} Long Setup: RIMM 59 break if holding above .90

[09:49] {ese} l uaua pullback .02

[09:50] {strider} in .02

[09:50] {Moose} me too .02

[09:50] {Threei} RIMM 1:1

[09:51] {fernp} missed rimm

[09:51] {Moose} out RIMM +.10

[09:51] {Threei} WFC stopped

[09:51] {fernp} and stopped WFC

[09:52] {strider} out RIMM +.11

[09:53] {Moose} guess we were too hasty on exit

[09:54] {strider} I sure was.

[09:54] {ese} no....that thing reverses in a heart beat

[09:54] {strider} on RIMM

[09:55] {Threei} watching HIG for pullback with possible entry around .60

[09:56] {Threei} will try to alert in time, keep finger on the trigger if it drops close to .60

[09:57] {Threei} break of .75 is a valid trade if market spikes... just not what worked on HIG lately

[09:57] {strider} numbers may affect it.....2 minutes.

[09:58] {Threei} yeah

[09:58] {Threei} let's wait them out

[09:58] {Threei} ty for reminder

[09:58] {strider} :)

[10:00] {Threei} *OCT PENDING HOME SALES (M/M): +3.7% V -1.0%E; (Y/Y): +28.6% V 19.8% PRIOR

[10:00] {Threei} NOV ISM MANUFACTURING INDEX: 53.6 V 55.0E; PRICES PAID: 55.0 V 65.0E

[10:00] {Threei} OCT CONSTRUCTION SPENDING (M/M): 0.0% V -0.5%E

[10:01] {ese} uaua fighting market reversal.....i like that in a stock....

[10:01] {Threei} weird reaction

[10:01] {Threei} hesitated on HIG .60 entry because of it

[10:02] {Threei} look at the precision of bounce

[10:02] {fernp} LOW consolidating hod

[10:02] {nemo} how's the shoulder

[10:02] {Threei} useless

[10:02] {strider} out HIG +.10

[10:02] {Threei} if I bought it... would be different matter

[10:03] {Threei} lol... good job

06[10:03] * nemo slaps strider around a bit with a large roll of cash

[10:03] {strider} in at .63 as numbers were being read.

[10:03] {strider} yeah I made a pile on that.......1/4 lot.

[10:03] {nemo} don't forget aig

[10:03] {Threei} so as I was out of commission copying and pasting them...

[10:04] {nemo} yeah, strideball took advantage...profit sharing time

[10:04] {Threei} HIG is holdiong vert well near .75 so far

[10:04] {strider} 1/4 lot there, too.....but I'm back in the green anyway.

[10:04] {Threei} better than poke in the eye

[10:04] {strider} absolutely.

[10:04] {ese} uaua stop is .97

[10:05] {nemo} Who was that king that got killed jousting when he got a Lance in the eye?

[10:05] {nemo} Henry II?

[10:06] {strider} yes.

[10:06] {Moose} extra eye very handy

[10:08] {BillyD} OPTT

[10:10] {strider} AMZN wacko today...

[10:12] {ese} stopped uaua .98 -.05

[10:12] {nemo} tricky tuesday

[10:12] {ese} soooooooo it's gonna be one of those type of days is it

[10:15] {fernp} and WFC aggressivily short here, Vad?

[10:15] {Threei} really looks like short to me

[10:16] {Threei} but these market jumps are ruining norla setups

[10:16] {nemo} it's a conspiracy

[10:16] {Threei} lol

[10:16] {Threei} must be

[10:17] {Moose} AIG scalpie +.08

[10:18] {ese} beginning of the "seed slide maybe

[10:18] {Moose} AIG active again

[10:20] {ese} uaua....hense the reason for well placed stops

[10:22] {fernp} shorted a ridiculous lot at 27.98 and covering here +.10

[10:23] {Threei} ridiculous lot - 13 shares?

[10:23] {nemo} ridiculously big, or ridiculously small?

[10:24] {fernp} 100

[10:24] {ese} what did you short fern?

[10:24] {fernp} wfc

[10:25] {Threei} sheesh... is it a dream or wat

[10:25] {Threei} AIG breakout worked

[10:26] {Threei} this is something I haven;t seen in quite a while

[10:26] {Threei} didn't want even to think of calling it

[10:26] {Moose} i walked away and missed it

[10:26] {ese} hig vad ...thoughts any

[10:27] {BillyD} I got 200 shares of AIG .51 and sold .65 & .68

[10:27] {ese} nice billy

[10:27] {BillyD} yes, but my stops at larger shares :)

[10:27] {BillyD} ty though

[10:28] {Threei} wtg Billy

[10:28] {fernp} gj Billy

[10:28] {BillyD} thx

[10:28] {strider} vad, OVTI?

[10:29] {Threei} thinking .40 break?

[10:29] {strider} actually thinking bear flag and short

[10:30] {Threei} .35 breakdown then

[10:30] {Threei} if stays under .40

[10:30] {strider} thx

[10:30] {ese} l hig .69

[10:30] {Threei} FITB

[10:30] {Threei} Long Setup: FITB .15 break if stays above .10

[10:32] {nemo} in

[10:32] {strider} in .16

[10:32] {strider} should have waited.

[10:33] {nemo} aig, sheesh

[10:33] {Moose} yeah

[10:33] {Moose} was just on CNBC

[10:33] {nemo} what

[10:33] {Moose} AIG

[10:33] {nemo} oh

[10:34] {Moose} mentioned that AIG had payed back money prior to spin off or something

[10:34] {nemo} the energy trading part?

[10:34] {Moose} no clue

[10:34] {Moose} CNBC is mostly noise to me

[10:35] {Moose} and annoying

[10:35] {nemo} now fitb is trading by appointment

[10:37] {Threei} it usually is

[10:37] {Threei} it's not AIG by any means

[10:37] {nemo} where's ese on this one?

[10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:40] {ese} ya know what....what the H am i thinking today....out hig .71 +.02

[10:41] {ese} i have .11 in hig and i let it ride....i have to be out of my friggin mind

[10:41] {ese} watching it go up and dn

[10:42] {Moose} another AIG scalp +.13

[10:42] {ese} done for the day all until i get my act together

[10:42] {Threei} I have to aree with magoo... AIG looks capable of big run

[10:42] {nemo} magoo's not here, Vad

[10:42] {ese} just watchin from here on in..........destructive thought process goin on

[10:43] {Threei} 10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:43] {nemo} out fitb vad?

[10:43] {Threei} if loses .10

[10:45] {Moose} beginning to think waiting on AIG pullback is fruitless

[10:45] {fernp} was thinking the same...

[10:51] {Threei} Short Setup: GLD 117 break

[10:51] {Threei} half lot

[10:51] {Threei} if stays under .10

[10:51] {Threei} actually... stop is small enough for full lot

[10:51] {Threei} sme slippage is possible though

[10:51] {Threei} so 3/4 lot

[10:52] {Threei} aggressive entry maybe better idea

[10:53] {strider} with aggressive entry is stop still at .10?

[10:53] {Threei} a few cents above

[10:55] {ese} more like it in and out rimm .89 to .99

[10:55] {ese} 4k

[10:55] {Threei} gj

[10:55] {Threei} ese taming RIMM

[10:55] {fernp} stopped GLD

[10:56] {fernp} took aggressive entry

[10:56] {ese} naw that was an angry trade.....really ticked at myself for bit this morning

[10:56] {Threei} was wrth a try for a few cents

[10:56] {nemo} yeah, but great setup

[10:56] {ilana} it's time to say it, Vad

[10:57] {Threei} say what?

[10:57] {ilana} "I hate GLD"

[10:57] {Threei} oh

[10:57] {Threei} okay... I do

[10:57] {Threei} but I have hard time finding what I like today, lol

[10:58] {nemo} or what likes you

[10:58] {Threei} that's easy

[10:58] {nemo} sorry

[10:58] {Threei} lol

[10:58] {nemo} well, not really

[10:58] {Threei} very... answer is, not much at best

[10:58] {nemo} doesn't say much for me then :)

[10:59] {Threei} AIG picks up pace again

[11:00] {Threei} shouldn't break this time...

[11:01] {Threei} let's see if we get double top with readable short trigger

[11:01] {Threei} on AIG

[11:01] {nemo} might it take fitb with it?

[11:02] {Threei} I don't think they are connected much

[11:03] {Threei} sigh

[11:03] {Threei} double top and drop is there, trigger is not

[11:05] {BillyD} keep eye on ASIA

[11:05] {ese} l hban .78

[11:07] {ese} l drys avg .23

[11:09] {nemo} DE Vad?

[11:09] {Threei} looks like short to me

[11:09] {Threei} but for some reason everything looks like short to me

[11:10] {BillyD} how tall are you Vad

[11:10] {nemo} fitb didn't

[11:10] {strider} did you grow taller last night?

[11:10] {nemo} hehehehe

[11:11] {Threei} sigh... how did I get myself in this company, lol

[11:11] {Threei} OK, AIG

[11:11] {Threei} if moves somewhere in .60 area, will become a short on bounce

[11:12] {Threei} stop would have to be above .80

[11:12] {nemo} fitb trying for a quasimodo

[11:14] {Threei} {FITB} you... you...

[11:15] {Threei} youy know what

[11:15] {Threei} AIG changed

[11:15] {Threei} .50 break is long trigger

[11:15] {Threei} if stays above .35

[11:15] {Threei} and risky as hell

[11:15] {nemo} magoo's in

[11:15] {Threei} like 5 times already

[11:16] {nemo} yeah...he must be hunting

[11:17] {nemo} DE long here? .10 break, stays above 54?

[11:17] {Threei} probaly

[11:18] {Threei} .09 is nice barrier

[11:18] {Threei} if broken, ashould jump

[11:19] {Threei} jumped

[11:19] {nemo} got buy me and I was order at .12

[11:19] {nemo} bohica

[11:20] {BillyD} same here newmo

[11:20] {fernp} didn't get my fill at .12 DE

[11:20] {nemo} nemo or newman?

[11:20] {BillyD} no, it's newmo

[11:20] {nemo} I feel better, we're all fubar

[11:20] {nemo} great

[11:20] {BillyD} :)

[11:21] {Threei} I got lousy 200 shares at .11

[11:22] {strider} AIG

[11:22] {nemo} I got zero shares at .12

[11:23] {fernp} and what is your stop nemo? lol

06[11:23] * nemo slaps fernp around a bit with a large a box of Techniques of Tape Reading

[11:23] {strider} remember. Let you're winners run.

[11:23] {strider} your

[11:25] {strider} AIG looks like a short, but I don't believe it.

[11:27] {nemo} ty fitb

[11:28] {Threei} {FITB} and you called me ugly

[11:28] {ese} 1/2 out hban .83 +.05

[11:28] {ese} that red candle there is me i guess knocking it dn

[11:29] {strider} OK so that's not the most right I've ever been. AIG

[11:30] {Threei} this I hate

[11:30] {nemo} what now

[11:30] {Threei} to get right read on something, and never find entry

[11:30] {Threei} AIG double top

[11:31] {strider} then a cup and handle...20 break.

[11:31] {strider} .20

[11:33] {ese} out in full hban .81 +.03

[11:34] {larisa} AIG it was actually not double but 4th top try. why did you think it will not break 31.80 ?

[11:34] {strider} ese, your broker must love you.

[11:34] {Threei} second test was on lower volume

[11:34] {Threei} and overall felt like fizzling out

[11:37] {ese} definitely

[11:38] {ese} skys the limit for drys if it can solidly get past .25

[11:39] {ese} eventual plan is to get with vads broker

[11:41] {strider} AMZN read, vad?

[11:41] {Threei} not much here

[11:41] {Threei} I am useless today, ain't I

[11:42] {ese} auch du miya......drys.....get up there

[11:42] {Threei} severe lack of sleep

[11:42] {strider} why don't you just go..............oh, never mind. Nemo says you can't.

[11:42] {Threei} full moon... for some reason I can'rt sleep on these nights

[11:42] {Threei} not that I have anything wereworfy in me

[11:44] {BillyD} go see Twilight late night if can't sllep

[11:44] {BillyD} sllep

[11:44] {BillyD} sleep

[11:45] {ese} no sllep is the word......we have our own language here.....we understand that

[11:45] {Threei} lol

[11:45] {BillyD} lol

[11:45] {strider} Vadish?

[11:45] {nemo} Threeish

[11:47] {ese} look at that sloth uaua........hits me for a stop and then what........sheesh

[11:49] {ese} the same with rimm.........if it wasn't for my ahhhhhhh big deal theres jore where that came from attitude.........i'd be pulling my hair out......and definitely breaking into vads vodka cabinet

[11:50] {ese} jore.........hmmmmmmm ya that works

[11:51] {nemo} glad I took the fitb scalp

[11:51] {Threei} yeah, water torture

[11:51] {nemo} in more ways than one, trying to wait that out got painful

[11:51] {ese} what did you take it for nemo?

[11:51] {nemo} got in at .15 out at 20

[11:52] {ese} nice.......huge lot

[11:52] {ese} 20k or so?

[11:52] {nemo} no ese, I trade small

[11:53] {ese} this is an ok thing......

[11:53] {strider} AIG long at .40 break?

[11:54] {Threei} getting interested

[11:54] {nemo} .25 stop

[11:54] {Threei} why not

[11:54] {strider} conservative eentry for me.

[11:55] {nemo} lunch time

[11:59] {strider} AIG gonna d**k around for awhile, imo

[12:00] {nemo} lunch time

[12:01] {Threei} JCI to Supply the Battery for Transit Connect Electric Vehicle

[12:02] {Threei} Market Internals update at 12:00pmET

[12:02] {Threei} - NYSE volume 415M shares, about 15% below its three-month average; advancers lead decliners by 5.2:1.

[12:02] {Threei} - NASDAQ volume 920M shares, about 7% below its three-month average; advancers lead decliners by 2.3:1.

[12:02] {Threei} - VIX index -9% to just under 22.50

[12:03] {fernp} I've saw the pic of your desk, Vad

[12:03] {fernp} a bit cluttered, no? :-)

[12:03] {nemo} sign of a brilliant mind

[12:03] {Threei} I guess

[12:04] {fernp} have you ever upload to the blog, the picture that you have hanged at the top right on your wall?. seems nice

[12:04] {Threei} taje certain effort to fend off attempts to "clean it"

[12:04] {Threei} I think so

[12:05] {Threei} yup

[12:05] {Threei} http://www.realitytrader.com/photography/uploaded_images/PB144227_1-750483.jpg

[12:05] {fernp} yes, very nice

[12:05] {Moose} Buchart Gardens

[12:05] {Threei} ty

[12:05] {Moose} nice

[12:05] {strider} AIG ...crap

[12:05] {BillyD} GSIT fiesty

[12:06] {Threei} ultgra wide angle lens creates these amazing sweeping landscapes

[12:06] {Threei} AIG 1:3

[12:07] {fernp} missed AIG call

[12:07] {strider} Didn't trust my own idea.

[12:07] {strider} for conservative entry.. was perfect.

[12:07] {strider} sigh.

[12:09] {nemo} gold about to break 1200

[12:10] {strider} must be time to short.

[12:10] {Threei} watch for pullback toward .55-.60 AIG, strider

[12:10] {Threei} will be an entry candidate there again

[12:10] {strider} k

[12:11] {nemo} actually, 1200 might be the catalyst for the next leg up

[12:12] {ilana} RIMM break?

[12:13] {Threei} .45 brteak if market helps, yes

[12:14] {Threei} AIG is getting there

[12:19] {Threei} keep AIG stop under .50 for scalpers

[12:20] {Threei} day traders too actually

[12:20] {Threei} US) Fed's Plosser: Fed needs to raise rates to protect its credibility and prices

[12:20] {Threei} hmmm

[12:20] {nemo} what credibility?

[12:21] {Threei} such remark casn send market down a lot of points

[12:21] {Threei} especially if there is a timeline attached to it

[12:21] {Threei} but we can only dream

[12:21] {Threei} - May need higher rates before unemployment returns to appropriate levels

[12:21] {Threei} - Economy is in recovery, expects to see 3% GDP growth over next two years.

[12:21] {Threei} - Housing is stable but risks remain in commercial real estate

[12:22] {strider} long .52 AIG

[12:22] {Threei} well, with 3 cents stop you are already over 1:2

[12:22] {Threei} lol

[12:22] {Threei} 1:3

[12:25] {strider} out +.12

[12:26] {Threei} nice and easy

[12:26] {Threei} wuth ridiculously small risak

[12:26] {Threei} wtg

[12:26] {strider} :)

[12:27] {strider} Now if I can just develop the stomach for hanging on a little longer.

[12:27] {Threei} there is a time for everything

[12:27] {strider} Even fruit cake?

[12:28] {Threei} only with some grinded meat in it

[12:28] {strider} BECN

[12:28] {Threei} ground?

[12:29] {strider} yeah

[12:29] {Threei} nah

[12:29] {Threei} I like grinded

[12:29] {strider} whatever.

[12:32] {strider} DRYS moving up nicely. Against the Baltic dry index.

[12:36] {ese} ya......all 12 dry bulk carriers that i follow are up

[12:36] {ese} if drys manages to get an oil drilling contract before the end of this month it will spike up......

[12:37] {ese} they were shooting for a couple......whether that happens or not...who knows

[12:37] {strider} thx for info.

[12:38] {strider} Guess I need to read up on my swing trades.

[12:38] {strider} PEIX rides again.

[12:40] {Threei} (IA) Iranian Oil Minister: Oil exports may be halted if embargo continues (related USO UNG )

[12:41] {BillyD} RIMM may go if holds .40 and takes .50

[12:41] {BillyD} then again, b/o at lunch

[12:42] {nemo} yep, aig did,but it's a momo today

[12:43] {nemo} volume looking right on rimm though

[12:43] {nemo} big offer .50

[12:43] {Threei} looks very tempting

[12:44] {nemo} yeah, which means somebody watching...me paranoid?

[12:44] {Threei} yes but it doesn't mean they are not after you

[12:45] {nemo} high is .52

[12:47] {nemo} frig

[12:48] {nemo} didn't get fill

[12:48] {Threei} you are kidding

[12:48] {nemo} no

[12:48] {Threei} that was easy in

[12:48] {nemo} too tight at .41

[12:48] {nemo} .51

[12:48] {Threei} half out

[12:49] {BillyD} full out

[12:49] {Threei} Ilana is over 1:1 solidly if took .45 entry

[12:49] {Threei} full out now

[12:49] {fernp} neither me, i tried .52 but not filled

[12:49] {Threei} you guys don't do the hover trick

[12:49] {BillyD} got it at .50

[12:49] {Threei} me too

[12:49] {Threei} grabbed last shares, literallyt

[12:49] {strider} {-------------oh ye of little faith.

[12:50] {nemo} what's that...depress the buy button, but don't release, and then move it off the button if it doesn't trip?

[12:50] {Threei} right

[12:51] {BillyD} CLWT, can't find entry on it

[13:00] {nemo} what's cat going to do from here?

[13:02] {Threei} drop

[13:02] {BillyD} I don't think that way....lol

[13:02] {BillyD} hehe

[13:03] {Threei} no but I can answer without thinking {G}

[13:03] {BillyD} :)

[13:03] {nemo} comes naturally to him

[13:07] {BillyD} would like for ASIA to consolidate here

[13:07] {strider} kind of like Europe?

[13:07] {nemo} oy

[13:08] {larisa} lol

[13:08] {ilana} CHINA is better

[13:08] {BillyD} good one S

[13:08] {Threei} not all ASIA thinks so

[13:09] {strider} heck with em...shove it down their throats...they'll get used to it.

[13:10] {Threei} boy I can't wait for magoo to return from hunting and see moose next to him

[13:10] {BillyD} slap happy

[13:10] {Threei} I swear he will think it's a practical joke on him

[13:11] {strider} Now if magoo is here but Moose is gone...........

[13:12] {Threei} if only pterodactyl started with d, we would get dino too

[13:12] {nemo} you have too much time on our hans

[13:13] {nemo} hands

[13:13] {larisa} this is too funny

[13:13] {nemo} so much for cat going down

[13:13] {Threei} which part?

[13:13] {BillyD} unless your Moose Larisa

[13:14] {larisa} true :)

[13:14] {Threei} (US) Los Angeles Mayor announces electric car incentives; to help upgrade 400 charging stations and build 100 more (related JCI AONE CARBX )

[13:14] {Threei} didn't AONE lose those contracts?

[13:14] {strider} It looks pretty happy today.

[13:16] {Threei} TM Reports Nov US vehicle sales +11.5% (unadjusted) v +4.5%e (adj) at 133K units

[13:17] {nemo} nuva almost completely recovered

[13:17] {larisa} Moose needs to change nick to Mousse, sounds kinda the same, but magoo will never guess :)

[13:17] {larisa} was just looking at NUVA

[13:17] {Threei} let's see if AUDC finds new interest at some point

[13:17] {Threei} news earlier

[13:17] {Threei} AUDC Hearing positive chatter circulating on prospects for Audiocodes newest VoIP product to be included in the Apple iPhone or other smartphone products

[13:17] {Threei} - speculation is based on AudioCodes release of a new VoIP mobile access solution this morning

[13:21] {BillyD} AMZN

[13:21] {nemo} yeah...nuts today

[13:21] {BillyD} it's on a good run

[13:23] {ese} outa here.....concert at the Bay Center here in Victoria.......commin Vad?

[13:24] {ese} pick ya up on the way......ehhhhhhh?

[13:24] {Threei} on the way?? :)

[13:24] {Threei} it would be like 15 km hook for you, lol

[13:24] {ese} thought you'd pick up on that one

[13:24] {ese} that got your attention

[13:24] {Threei} take care, see you tomorrow :)

[13:25] {ese} ya.......a mere 15 to 20 k detour

[13:25] {BillyD} cya ese

[13:25] {ese} whats distance among friends

[13:25] {ese} cya

[13:25] {strider} missed a good AIG setup

[13:29] {Threei} .50 break?

[13:29] {strider} .45

[13:30] {strider} little inverse h&s pattern

[13:31] {strider} Actually I guess .48 would have been the technical break.

[13:36] {strider} bounced off .45 again.

[13:37] {Les} howdy

[13:37] {Les} AWIAV?

[13:37] {fernp} nope

[13:38] {strider} what is AWOA

[13:38] {strider} AWIAV

[13:39] {nemo} Are We In Anything Vad

[13:39] {Threei} hi les

[13:39] {strider} ah

[13:40] {Les} last minute work with landscapers for the year. Snow threatening these last 24 hours

[13:41] {Les} SEED is a little eveready bunny, just keeps on going

[13:41] {Threei} so is AIG

[13:43] {Threei} Short Setup: AIG .50 break

[13:43] {Threei} stop above .60 for scalpers

[13:43] {Threei} .65 for day traders

[13:44] {Threei} Fed's Plosser: recent drop in the USD reflects the unwinding of a "flight to safety" trade; recent drop must be seen in the context of the dollar's rise during the financial crisis

[13:45] {Threei} what a convoluted explanation

[13:45] {strider} in

[13:45] {nemo} yeah...taurine excrement

[13:45] {Les} well I'm impressed. I imagine the average punter is too.

[13:46] {Threei} NSANY Reports Nov US vehicle sales +30% v +8.5%e (adj) (15.10, +0.67, 4.64%)

[13:46] {Threei} wow Nissan

[13:47] {Threei} I picked right car manufacturer

[13:50] {Threei} come on market, time for little pullback

[13:50] {Threei} don't ya think

[13:51] {nemo} well, if this works, first stop should be 31, and then 30.75

[13:52] {nemo} you've got support and the 200 ma just under .50

[13:52] {larisa} AIG is just angry with you, you compared it to a bunny :)

[13:52] {ilana} what was the setup, vad?

[13:52] {Threei} .50 break

[13:52] {ilana} yeah, but why?

[13:52] {strider} out -.13

[13:52] {Threei} break of support

[13:53] {Threei} lower high

[13:53] {Threei} market reversing

[13:53] {ilana} didn't consolidate

[13:54] {Threei} stayed under .65 long enough to validate a break

[13:54] {ilana} oh ok

[13:56] {ilana} i officially declare " I hate AIG"

[13:58] {Les} ilaanaaa.

[13:59] {Threei} that sounds Estonian

[13:59] {Les} let's call it "lunchtime misdemeanour"

[14:00] {Threei} die mrket

[14:00] {ilana} it's not this time only

[14:00] {Threei} die AIG

[14:00] {strider} are you still in AIG?

[14:00] {Threei} yeah

[14:02] {Threei} Fed Discount Meeting Minutes: Bankers are seeing positive economic growth trends; accomodative policy still appropriate

[14:02] {Threei} - inflation expectations currently at modest levels

[14:02] {Threei} - have not seen evidence that foreshadows a decline in excess capacity

[14:04] {nemo} was looking at rimm break of .65 short,,what a trap

[14:05] {Threei} out AIG

[14:05] {fernp} stopped

[14:07] {fernp} my day is over. Tomorrow will be better (I hope) :-)

[14:07] {fernp} Have a nice evening everybody. See you all tomorrow.

[14:07] {Threei} take care fern

[14:07] {Threei} you know it wikll

[14:07] {Threei} not a first time

[14:07] {fernp} yeah

[14:08] {nemo} pru...I'd say short, but...

[14:10] {strider} I'm out here too...see you in the morning.

[14:10] {Threei} take care strider

[14:10] {strider} you too...

[14:11] {ilana} WFC

[14:11] {ilana} which way?

[14:11] {Threei} no setup either way

[14:11] {Threei} toss a coin

[14:12] {fernp} before I go, some pics of my desk:

[14:12] {fernp} http://i33.tinypic.com/o91u0n.jpg

[14:13] {fernp} http://i36.tinypic.com/16029p0.jpg

[14:13] {fernp} the last one http://i47.tinypic.com/2zylaw2.png

[14:13] {fernp} see you :-)

[14:13] {Threei} that's scary clean desk

[14:13] {ilana} lol

[14:14] {ilana} can you find anythig in there?

[14:14] {fernp} lol

[14:14] {BillyD} my kind of desk fern....well mine a little messier

[14:15] {Threei} mine stays in such state for a few hours after major cleanup

[14:18] {Threei} IA) Iran Pres Ahmadinejad: There is no need for more nuclear talks; the issue is 'resolved'

[14:19] {nemo} well, pru idea was good

[14:20] {Les} CLEAN! that ain't clean. this is clean.http://up.widget.mibbit.com/up/O3nytvQF.jpg

[14:20] {Les} maybe unhealthily clean, but I'm not willing to admit it

[14:21] {Threei} ok, this is sick

[14:21] {ilana} you just admitted it

[14:21] {Les} it's my wife's influence

[14:21] {Les} I once used to be like Vad

[14:22] {Threei} you don't "used to be like this"

[14:22] {Threei} you come to it through years of fighting

[14:22] {Threei} for your independence

[14:22] {Threei} liberty

[14:22] {nemo} yeah, he's whipped

[14:22] {Threei} right to stay messy

[14:22] {ilana} don't give up, Vad

[14:22] {Threei} never

[14:22] {Threei} I won the right to have desk like this over decades

[14:23] {nemo} Remember...if it weren't for THEM, we'd still be in The Garden of Eden

[14:23] {ilana} yeah yeah yeah

[14:23] {nemo} yeah the story leaves out what Eve actually said to Adam

[14:24] {Les} Vad - dcc

[14:24] {ilana} how would you know if it left out

[14:25] {nemo} I have connections

[14:25] {ilana} and?

[14:25] {nemo} "you don't eat this, you don't get this. Get it?"

[14:25] {Moose} and AIG again making new highs

[14:26] {Les} lol Nemo!

[14:26] {nemo} hig flirting w new highs

[14:26] {nemo} Plu cest change plu cest le meme chose, Les

[14:27] {Raven} sigh

[14:27] {nemo} amazing what it takes to get him to pipe up

[14:28] {Raven} ---{}---

[14:29] {nemo} ahhh...Raven......what exactly is that supposed to represent?

[14:29] {Raven} I cannot reveal such thangs

[14:30] {Threei} AIG gears up for 32 and above

[14:31] {Threei} US) Senator Baucus (D-MT): Costs for the pharmaceutical industry could be more under healthcare reform, discussions are ongoing

[14:32] {Threei} BCRX Ticking higher; JMP securities making positive comments on yesterday's Japanese approval of peramivir

[14:33] {nemo} SEED huge volume and small range today

[14:33] {Threei} SEED actually looks like ready to reverse

[14:34] {Threei} if doesn't lose 14 anymore and breaks this .07 - .08 level

[14:48] {Threei} HEAT lost its mind again

[14:48] {Les} Wow, RIMM's been playing some lovely breakout setups today

[14:49] {BillyD} bye all, gott a go, have a good one

[14:49] {Threei} look at AIG

[14:49] {nemo} ig tankr

[14:49] {larisa} bye BIlly

[14:50] {Threei} take care billy

[14:50] {Moose} cliff diving

[14:50] {Les} billy

[14:50] {Threei} piece of crap... this is what it had to do before stopping us out

[14:50] {Les} would have been nice

[14:53] {Threei} jeez

[14:53] {Les} talk about the nuclear option

[15:02] {larisa} .

[15:03] {Les} what was the score for the day Vad? Opening provide good opportunities today?

[15:03] {Les} what is the score

[15:03] {Threei} not really

[15:03] {Threei} slightly down

[15:03] {Les} what? stops taken?

[15:04] {Threei} how else you find yourself down?

[15:04] {Les} thought you meant market opening.

[15:04] {Les} i can see that is down

[15:05] {Les} ok. well with that cheery note I will hit the sack. got more garden work waiting for me tomorrow. 3 degrees outside. yuk

[15:06] {Threei} yuk is right

[15:07] {Threei} AIG just as fast in another direction now

[15:07] {Threei} what the deuce

[15:12] {ilana} RIMM .30 break?

[15:13] {ilana} with market's help

[15:13] {Threei} if OK with stop under .15

[15:13] {ilana} wow, wide...

[15:14] {Threei} that's closest support

[15:28] {nemo} cat vad

[15:28] {Threei} ?

[15:28] {nemo} dancing along support

[15:30] {ilana} is there a volume at all?

[15:31] {Threei} not much

[15:33] {ilana} did you take it nemo?

[15:34] {nemo} no I didn't

[15:38] {Threei} Long Setup: FAZ .60 break

[15:39] {Threei} if stays above .55

[15:41] {nemo} in and out

[15:42] {Threei} ?

[15:42] {Threei} did it ever trigger?

[15:42] {nemo} yes, I got a print

[15:42] {Threei} I haven't seen offer going above .60

[15:42] {ilana} i think there was .61

[15:42] {nemo} yes

[15:43] {Threei} I blinked then

[15:43] {nemo} my reflexes are great on stops

[15:50] {ilana} FAZ is going nuts, against the market

[15:50] {nemo} faz is financials short...so it should

[15:50] {Threei} it always is

[15:51] {Threei} it's a short ETF

[15:51] {ilana} oh

[15:51] {Moose} inverse of FAZ is FAS

[15:51] {ilana} i thought FAS is

[15:51] {ilana} oh ok :)

[15:51] {Moose} FAS is bull

[15:53] {Moose} btw... new margins going into effect for leverged ETFs... 3x (like FAS FAZ) will be something like 80 or 90%

[15:53] {Threei} not very happy with today

[15:54] {Threei} a few too many stops, a few too few wins

[15:55] {ilana} there must be these days sometimes

[15:55] {nemo} once every week or two

[15:55] {Threei} yeah

[15:56] {Threei} just stating the fact that this was one of them

[15:56] {ilana} gn, see you tomorrow

[15:56] {Threei} take care ilana

[15:57] {Moose} me too... adios all

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {larisa} bye all!

[15:57] {nemo} c u

[15:58] {larisa} a lot of selling on AAPL. First to reverse and take market with it ? :)

[15:58] {Threei} hopefully

[15:58] {Threei} we should get some selling some day, no??

[15:58] {Threei} really becomes very hard to squeeze something

[16:01] {Threei} AAPL Hearing recent weakness being attributed to rumor of potential partnership with T-Mobile

Nov 30 2009

Nice day with a few relatively easy wins. Second half of the day was mostly inactive as we misread the market somewhat and preferred to stay on a sideline instead of pushing for the plays that didn't match our scenarios. Opted for some educational discussions instead.

Session Time: Mon Nov 30 00:00:00 2009

[08:04] {nemo} Hola Fern

[08:04] {nemo} mornin' bird

[08:05] {nemo} jm :)

[08:11] {Raven} {---

[08:11] {nemo} you have such a passion for understatement

[08:11] {Raven} :)

[08:12] {nemo} Your last name wouldn't be Coolidge by any chance?

[08:13] {Raven} sigh

[08:58] {strider} .

[08:58] {Les} good point

[08:58] {Les} good afternoon

[08:58] {strider} stale joke.

[08:59] {strider} morning, les

[08:59] {strider} morning here

[08:59] {Threei} Moody's: Dubai World restructuring unlikely to threaten sovereign credit ratings of UAE and Abu Dhabi

[08:59] {Threei} - " The adverse impact of a Dubai World restructuring on the non-hydrocarbon sectors of the domestic economy could potentially be severe, especially in Dubai. However, overall macro-economic stability is protected by the country's strong net external creditor position that is bolstered by Abu Dhabi's accumulated oil wealth. "

[08:59] {Threei} ***Reminder: On Nov 25 -S&P downgrades multiple Dubai based Govt entities

[09:00] {fernp} Good morning everybody

[09:00] {Threei} fern :)

[09:00] {Threei} magoo may be interested to know:

[09:00] {Threei} MAGS Reports Q3 -$0.07 v -$0.33 y/y, R$17.7M v $15.4M y/y (3.53, 0.00, 0.00%)

[09:01] {ese} morning

[09:01] {Threei} ese :)

[09:01] {Threei} BLTXX Baltic Dry Bulk Index declines by over 2% (7th straight decline

[09:02] {ese} friday was the 7th straight decline? or today as well

[09:03] {Threei} news says today

[09:03] {Threei} I refuse to count them myself, trying to cover the fact that I can count to 3 only

[09:04] {ese} ya me as well

[09:04] {Les} in good mood are we vad? :)

[09:04] {Les} sardonic self deprecation suggests yes

[09:07] {ese} my Bltxx stocks are mostly even to up.......we'll see

[09:07] {Threei} I'd say usual mood, lol

[09:08] {Moose} gm

[09:08] {Threei} Good morning moose, welcome to the room

[09:08] {Moose} thx

[09:08] {ese} moooooose........welcome

[09:09] {Moose} thx much

[09:11] {Moose} I assume all alerts and msgs displayed in #floor are also displayed in this channel also?

[09:11] {Threei} yes

[09:11] {Threei} mine are

[09:11] {Moose} great

[09:11] {Threei} comments by the rest of the room stay in here only

[09:12] {Threei} so you have area to read everytyhinbg and area to read my comments without clutter

[09:12] {Moose} so this is the place to be :)

[09:12] {larisa} gm :)

[09:12] {Threei} I firmly believe so yes

[09:12] {Threei} larisa :)

[09:13] {larisa} :)

[09:15] {BillyD} GM all

[09:15] {ese} definitely the place to be moose.......

[09:15] {Threei} billy :)

[09:17] {strider} good morning from the foot of the Blue Ridge.

[09:17] {Threei} strider :)

[09:17] {Threei} good thing it's not Blue Bridge

[09:17] {Threei} that's whwere homeless and drug addicts gather in Victoria

[09:18] {strider} No. You can keep those.

[09:18] {ese} ST.......wheres the Blue Ridge?......Blue ridge mountains?

[09:19] {ese} Tenn.....right?

[09:19] {strider} Was born in east Tenn........live in western NC now.

[09:20] {ese} cool.....hope to make it there to golf one day

[09:21] {Moose} my wife and i spent a couple of days on Vancouver Island... neat place

[09:21] {Moose} esp. Victoria

[09:22] {strider} You still holding some DRYS, ese?

[09:22] {ese} thats where vad patience and i are

[09:22] {ese} yes Long at .23

[09:22] {Moose} hard to bet wife to leave Buchart Gardens :)

[09:23] {Moose} get

[09:23] {strider} I'm at .42. Wish I'd got out over 7 awhile back.

[09:23] {Threei} I have anual pass there moose :)

[09:23] {ese} it's fantastic in there......even now in the winter months....don't know how they do it

[09:23] {Moose} nice

[09:24] {Threei} photographer's paradize

[09:24] {ese} it's heading back there ST

[09:24] {Threei} okay guys

[09:24] {Threei} no clear opening plays

[09:25] {Threei} as it often happens on Mondays, things feel shaky and a bit hangoverish,

[09:25] {Threei} especially considering holiday beofre and Friday's shock of Dubai events

[09:25] {Threei} at this points it feel to me like the most probable scenario is:

[09:25] {ese} I was long .47 last round ST..........should have gotten out over 7 but exited in high .80's and low .90's

[09:25] {Threei} small initial selloff, not cery deep,

[09:25] {Threei} rally,

[09:26] {Threei} stall,

[09:26] {Threei} inactive period with slow slide, just a tad

[09:26] {Threei} inactive finish

[09:26] {Threei} that's working assumption...

[09:26] {Threei} we will se how it materializes

[09:27] {ese} seed flooding my scanners

[09:27] {Moose} SEED active

[09:27] {Threei} yeah, this thing just won't calm down

[09:28] {Threei} Citron's ramblings on Wed are being dismissed so far

[09:28] {Threei} reminder

[09:28] {Threei} Wednesday, November 25, 2009 10:33:25 AM

[09:28] {Threei} Origen Agritech Ltd. Citron Research making cautious comments (timing uncertain)

[09:28] {Threei} - Citron notes that the company is not profitable, and predicts its "products will become just another agricultural alternative that will get commoditized away."

[09:29] {Threei} the toy looks too good for traders

[09:29] {ese} 1 out of 5 so far vad.....seems like bit of a sell off to start

[09:31] {Threei} let's see if we get shallow pullback, then 12 break on SEED

[09:31] {Threei} risky as all momos are, but has potential to turn into big play

[09:32] {Moose} geeze

[09:32] {Threei} if you lost your mind and went for SEED, feel free to take profit

[09:32] {ese} rats....missed the 12 break

[09:32] {lasertrev} gm

[09:32] {Threei} trev :)

[09:32] {ese} LT

[09:33] {nemo} $ has recovered big from premarket

[09:33] {Threei} OK{ here comes my initial selloff

[09:33] {ese} look at that thing........crazy

[09:33] {Threei} let's see if market stabilizes and provides us with bounce plays

[09:34] {Threei} WFC is long candidate

[09:34] {Threei} Long Setup: WFC .45 break

[09:34] {Threei} stop under .35 for scalpers, .30 for day traders

[09:35] {ese} l wfc ..44

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

[09:35] {fernp} ty

[09:35] {Threei} 1:1 for day traders

[09:35] {Threei} and over

[09:35] {ese} out wfc .66

[09:35] {Threei} 1:2

[09:35] {Threei} take profit as you see fit

[09:36] {Threei} that was easy

[09:36] {strider} out +.12, +.24

[09:36] {strider} thx

[09:36] {Threei} welcome sir

[09:36] {ese} +.22 15k of the little buggars.....tks vad

[09:36] {Threei} 15K eh

[09:36] {Threei} welcome

[09:36] {Threei} nice start to the week

[09:37] {Moose} i caught that one also (in SIM) :)

[09:37] {strider} what platfrom you using, moose?

[09:37] {Moose} TS

[09:37] {ese} i'm happy

[09:37] {Threei} yikes

[09:38] {Threei} CAAS??

[09:38] {Threei} no news that I see

[09:38] {Moose} wow... crazy

[09:38] {strider} no news here

[09:39] {strider} positive comments

[09:39] {Moose} SIGA

[09:40] {Threei} looked at SIGA around .50, couldn't bring myself to call it

[09:40] {Threei} too thin

[09:40] {Moose} ic

[09:40] {Les} aig in play today. more derivative scares?

[09:41] {Les} or derivatives issues bringing it back to life

[09:41] {Threei} latter is more like it, yeah

[09:42] {Les} derivatives - a scalpers best friend...

[09:42] {Threei} OK, rally is about to start

[09:42] {Threei} part 2 in progress

[09:42] {strider} Chicago PMI in 3 min.

[09:42] {nemo} spy positive

[09:43] {ese} had intial buy of 5k vad for wfc and when i realized it was going to take off did 2 more.....the avg fill was good i thought .44 then 3 sells.....

[09:44] {Threei} Long Setup: WFC /70 break if stays above .60

[09:44] {ese} moomentum on X and sales was dead give away i thought

[09:45] {Threei} NOV CHICAGO PURCHASING MANAGERS INDEX: 56.1 V 53.0E (HIGHEST SINCE AUG 2008)

[09:45] {fernp} WFC stop?

[09:45] {Threei} if stays above .60

[09:48] {Threei} market is hesitant

[09:48] {Threei} WFC wants up like crazy

[09:48] {nemo} yeah, that news didn't do anything

[09:48] {Threei} but needs market's help

[09:49] {Threei} if works, won't be a scalp for me, intend to partial

[09:49] {Threei} AIG UPDATE: Bernstein cuts price target to $12 from $20; maintains underperform rating

[09:49] {Threei} lol

[09:49] {Threei} embodiment of irrelevance

[09:49] {ese} Ok so now i would'nt feel comforable with wfc........X and sales not going nuts like before.......am i missing something

[09:50] {Threei} market hesitance is holding it back ese

[09:50] {nemo} $ hasn't moved since the open

[09:50] {Les} so stall and inactivity has begun only 20 mins after opening?

[09:51] {Threei} SEED new high

[09:51] {ese} what are you looking at for the $ nemo

[09:51] {Threei} I'd expect more upward move before we stall for the day Les

[09:51] {nemo} uup

[09:51] {Moose} and UDN for inverse

[09:53] {ese} tks......

[09:54] {Threei} if you have too much WFC exposure, maybe cut it down a bit

[09:54] {nemo} yeah, lookin' short here

[09:55] {Moose} i chickened out and bailed

[09:55] {Les} damn. sold the lot by accident

[09:55] {Threei} short? no way

[09:55] {Threei} salmon

[09:55] {Threei} DNDN Hearing strength attributed to renewed takeover chatter (27.76, +0.52, 1.91%)

[09:55] {Threei} rfemember I said last week, DNDN next runner on rumors?? :)

[09:56] {Threei} magoo joked about buying

[09:56] {nemo} actually he said "IN"

[09:56] {Threei} yup

[09:56] {fernp} APOL happy

[09:56] {Threei} these rumor bunker guys become predictable

[09:57] {Les} well give us the next t akeover rumour Vad, so we can go long :)

[09:57] {Threei} ummm... VVUS?

[09:57] {Threei} nah

[09:57] {Threei} ENER is more likely

[09:58] {strider} moving my WFC stop to .64

[09:59] {ese} L cat .06

[09:59] {strider} N. Am Purchasing manager's report at 10

[10:00] {Threei} speaking of ENER... 10.10 break is valid scalp setup if market rallies a bit

[10:00] {Threei} 10 loss is valid short setup too

[10:01] {ese} out cat .18 +.12

[10:01] {Threei} US) Nov Milwaukee NAPM: 57.0 v 50.0 prior

[10:01] {Threei} *highest read since Sept 2009

[10:01] {fernp} gj

[10:01] {fernp} ese

[10:01] {Les} on fire today ese

[10:01] {ese} tks

[10:02] {ese} good start ....time to pare down......no sense in taking anymore risk today

[10:03] {ese} just watching a swing long position in drys now

[10:04] {ese} nemo.....how do you use the uup and udn for market direction?

[10:05] {nemo} The $ has been directly inversely correlated to market direction since the spring

[10:05] {Moose} dollar up -- mkt down

[10:05] {Threei} WFC 1:1, half out for me

[10:05] {Moose} dollar down -- mkt up

[10:05] {fernp} ty

[10:05] {Moose} sometimes :)

[10:05] {Threei} welcome

[10:05] {strider} out +.11 WFC

[10:05] {ese} tks

[10:05] {ese} seems sinple enough

[10:05] {ese} simple

[10:06] {nemo} won't last forever, but. Just put up a comparison of $ to SPY

[10:06] {Threei} what they don't tell you ese, for thbe market direction they roll dice... UUP they just watch to look all scientific

[10:06] {Threei} ENER 1:1

[10:06] {ese} ahhhhhhhhh haaaaaaaaaa!

[10:06] {Les} is that asceding triangle in SEED?

[10:07] {Threei} Goldman: US Banks have recogized approximately 2/3 of expected losses in current cycle

[10:07] {Threei} out ENER in full

[10:07] {Threei} .25

[10:07] {nemo} Yeah, but will there be another new cycle of losses

[10:07] {Threei} that's 3 for 3 so far if not count crazy SEED call

[10:08] {Threei} here comes myrally

[10:08] {ese} hard to believe somebody actually made some money in ener

[10:08] {ese} took that one of my monitors just last week......was driving me crazy

[10:13] {strider} CLWT

[10:15] {Threei} another one with no news whatsoever

[10:15] {Threei} unless I miss something

[10:15] {strider} Rumor: Euro Tech Holdings moves higher on unit IPO speculation

[10:15] {Threei} AMZN 52 week highs

[10:16] {strider} Rumor: Euro Tech Holdings moves higher on unit IPO speculation

[10:16] {strider} Shares of Euro Tech Holdings are trading higher on speculation the company may IPO its Blue Sky unit, a provider of design and general contract services for the treatment of waste gases in China. :theflyonthewall.com

[10:16] {strider} CLWT

[10:17] {Threei} waste gases eh

[10:17] {Threei} no comments please

[10:17] {strider} I thought that was relevant to this group.

[10:17] {strider} too late.

[10:17] {Threei} lol

[10:17] {Moose} lol

[10:17] {Raven} {}

[10:18] {strider} At least we're not stooping to cow tipping jokes....

[10:18] {strider} yet

[10:18] {Les} CAT consolidating for a long entry?

[10:19] {Threei} second half WFC stopped

[10:19] {Threei} ecerything is les

[10:19] {Threei} AMZN too

[10:19] {Threei} I am not vert jazzed about buying breakouts here

[10:20] {Threei} stall is more likely than break and go

[10:20] {strider} VPRT

[10:20] {strider} wide

[10:22] {Moose} ZGEN slow creep upwards

[10:22] {strider} DRWI

[10:23] {strider} S

[10:24] {strider} never mind.

[10:25] {strider} Moose...I need to warn you...Nemo shoots large animals.

[10:26] {Moose} yike!

[10:26] {Moose} s

[10:26] {Threei} and dino and magoo are on deer hunt this week

[10:28] {Moose} do most ppl use this Mibbit thingie or mIRC?

[10:28] {strider} mIRC takes less real estate

[10:29] {Moose} plus can set sound alerts

[10:29] {Moose} haven't used it in years but may have to go back to it

[10:30] {ese} for cryiny out *&^&^% loud..........another stupid mistake......last week i buy one by accident and now this week ebay.....thought i had a limit buy for .65........see it taking off ...can't figure why i'm not in. stupidly had entered .55 and it never made it dn there

[10:32] {Threei} *(US) NOV DALLAS FED MANUFACTURING ACTIVITY: 0.3% V 0.0%E

[10:32] {Threei} - No revisions

[10:32] {Threei} *First positive reading since Oct 2007

[10:34] {ese} this is a good thing

[10:35] {nemo} kinda' except the US doesn't make anything anymore

[10:35] {Moose} is WFC trying for b/o ?

[10:36] {Threei} I'd stay away

[10:36] {Threei} this is not a compelling play anymore

[10:36] {Moose} ok thx

[10:36] {ese} lots of intellectual property nemo.......great explanation of that in a book called "RUNNING WITH THE BULLS" ......Kessler is the author

[10:37] {Threei} a bit up, a bit down... we want those that yell at us from the screen "buy me NOW"

[10:37] {nemo} yes, but asia could give a rats derriere about intellectual property rights

[10:37] {nemo} besides, jobs will be the big issue here

[10:37] {ese} thats because they don't have any

[10:38] {nemo} they just take it and don't care

[10:38] {Moose} HEAT geeze

[10:38] {larisa} AIG pace pick up

[10:39] {Threei} Market Internals update at 10:30amET

[10:39] {Threei} - NYSE volume 200M shares, about 28% below its three-month average; advancers lead decliners by 1.1:1.

[10:39] {Threei} - NASDAQ volume 400M shares, about 27% below its three-month average; decliners lead advancers by 1.5:1.

[10:39] {Threei} - VIX index -0.9% to just over 24.50

[10:40] {Moose} HEAT may have created some bag holders

[10:44] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/global_warming_consensus_garbage_in_garbage_out

[10:45] {strider} Long sm. EEV, .77, for swing trade

[10:46] {strider} ultrad short emerging markets

[10:46] {Threei} all of them? or some specific ones?

[10:46] {strider} no clue

[10:47] {strider} all,, I think

[10:47] {strider} MSCI product

[10:47] {larisa} yea, index

[10:50] {Les} bac short vad?

[10:51] {Les} but limited range

[10:52] {Threei} don't see much potential here

[10:53] {BillyD} watching RIMM for potential short off 59

[10:54] {BillyD} liked AIG short, but stop too wide

[10:55] {larisa} 30 break you wanted?

[10:55] {BillyD} yes

[10:56] {larisa} I was scared at these levels, put up a fight, could snap back to 31 in a sec

[10:56] {Threei} Congressional Budget Office (CBO) forecasting US Senate healthcare bill to increase non group insurance premiums +10-13% in 2016

[10:57] {Threei} (IA) Iranian Nuclear Chief: Does not wish to exit NPT (non-proliferation treaty)

[10:57] {Threei} ***Reminder: On Nov 29 -Iran Govt approves plans to build 10 new uranium enrichment plants of approximate size of current Natanz facility - Iran state media

[10:57] {Threei} *note: Only four recognized sovereign states are not parties to the treaty: India, Israel, Pakistan and North Korea

[10:57] {Threei} *note: Iran has been in technical violation of treaty since 2003

[10:58] {BillyD} lol

[10:58] {BillyD} RIMM works

[10:59] {BillyD} ENER may be a short if breaks 10

[11:00] {BillyD} stays under .10

[11:01] {Moose} now what?

[11:03] {strider} AIG daily gap in 25-27 range

[11:05] {fernp} FITB long consolidation at hod. could be a beatiful capture for TTR-2 :-)

[11:05] {Threei} lol

[11:05] {Threei} I like it

[11:12] {Threei} Fed to conduct small scale tri-party reverse repo tests in the coming weeks; does not represent monetary policy change

[11:12] {Threei} - operations to be conducted with primary dealers, and are designed as 'advance planning.'

[11:12] {Threei} - operations are being conducted to ensure operational readiness at the Federal Reserve, the tri-party repo clearing banks, and the primary dealers. The operations have been designed to have no material impact on the availability of reserves or on market rates. Specifically, the aggregate amount of outstanding transactions will be very small relative to the level of excess reserves, and the transactions will be conducted at current market rates.

[11:14] {Threei} this pullback is much deeper than I expected

[11:14] {Threei} we may be headed for breakdown

[11:15] {Moose} SOMX on tear

[11:15] {Threei} not jumping to any conclusions yet but eyeing possible setup on QID

[11:16] {Threei} no news that I see on SOMX

[11:18] {Threei} can't make up my mind on QID

[11:19] {nemo} no clean consolidation

[11:20] {Threei} most of all, I just don't get this feeling that the market is ready to break down decisively

[11:27] {strider} can you cross from long to short (or vice-versa) in one trade...Laser?

[11:28] {nemo} yes

[11:28] {BillyD} I believe so

[11:28] {nemo} buy 400 then sell 800...done it by mistake a few times

[11:28] {strider} :)

[11:28] {nemo} heavy trigger finger

[11:28] {larisa} me too :)

[11:29] {strider} keep nemo away from the SA colts

[11:29] {nemo} Sig man

[11:29] {Moose} QID ?

[11:29] {Threei} .50 was the trigger for it

[11:29] {Threei} no chasing

[11:30] {Threei} let's try to play it differently

[11:30] {Threei} conceervative entry

[11:30] {Threei} dive into .45 - .58 area

[11:30] {Threei} for long entry

[11:30] {strider} .48?

[11:30] {Moose} ok

[11:30] {Threei} yes

[11:31] {Threei} if it got away, so be it

[11:33] {strider} RIMM bounce?

[11:34] {fernp} Market new lows and FITB still on highs

[11:34] {Threei} 50/50 RIMM

[11:39] {nemo} awiav

[11:39] {nemo} ?

[11:39] {Threei} we are in deep thoughts

[11:41] {strider} Vad

[11:41] {strider} Vad's started using the royal plural.

[11:41] {strider} "We are...."

[11:41] {Threei} well, the question is about we

[11:41] {nemo} the group

[11:41] {nemo} Are We In Anything Vad

[11:41] {Threei} so I keep things uniform

[11:42] {Threei} also, just so no one has any illusions, my deep thoughts is my code for coma

[11:43] {nemo} what is your code for "alcoholic stupor"

[11:43] {strider} I was thinking of looking up the Jack Handey quotes..

[11:43] {Threei} I don't have any nemo

[11:43] {nemo} oh

[11:46] {strider} MPEL

[11:49] {Threei} MPEL Hearing Morgan Stanley upgrades rating to Overweight (timing uncertain) (4.27, +0.15, 3.64%)

[11:51] {Threei} boredom reigns

[11:51] {nemo} it's raining too

[11:52] {Threei} with three out of three and one contemplated but missed, I am comfortable sitting and waiting for something to shape up

[11:52] {Threei} and if magoo were here, he would have taken that SEED and I could claim 4 for 4

[11:53] {strider} AIG in constricted range

[11:54] {Threei} AIG had quite a few nice breakdowns...

[11:54] {Threei} look at 1 min

[11:54] {Threei} 32 break

[11:55] {Threei} 31,50 break

[11:55] {Threei} 30 break

[11:55] {Threei} all were nice valid setups

[11:55] {nemo} I got shaken out on an aggressive break just above 30

[11:55] {nemo} stop was .05 too tight

[11:56] {Threei} ugh

[11:56] {Threei} forgot about ENER 10 breakdown

[11:57] {Threei} I need memory improving drug... but I forget to take it

[11:57] {BillyD} stepped away for water and missed it vad

[11:57] {BillyD} but took the .90 short for scalp

[11:57] {Threei} your excuse is better tha miine Billy

[11:57] {Threei} mind if I borrow it?

[11:57] {BillyD} sure....lol

[11:58] {Threei} :)

[11:58] {BillyD} Vad, I even walked brislkly for the water not too miss

[11:58] {BillyD} briskly

[11:58] {Threei} ok, my will be sophisticated when I need it:

[11:59] {Threei} I walked up to grab Billy's water, but he was faster and got it before I did so I spent more time searching for it, and missed thje play

[11:59] {nemo} yeah..boredom

[11:59] {BillyD} rofl

[12:00] {Moose} nap time?

[12:00] {nemo} Moose sleep on their feet?

[12:00] {Moose} dang

[12:00] {Threei} yes but be ready to wake up on moment's notice

[12:00] {strider} that's when nemo likes to shoot them.

[12:00] {nemo} yep

[12:00] {Moose} lol

[12:00] {nemo} moose meat....good

[12:01] {nemo} don't shoot them too far from the road though

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 370M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.

[12:01] {Threei} - NASDAQ volume 790M shares, about 21% below its three-month average; decliners lead advancers by 2.3:1.

[12:01] {Threei} - VIX index +2% to just under 25.50

[12:01] {Moose} don't worry... they're usually right in middle of road... :)

[12:01] {nemo} yep

[12:02] {nemo} saw one chasing deer away from a salt pile up in Maine once...pretty funny

[12:02] {nemo} ornery critters

[12:03] {Threei} don't put SEED to far away

[12:03] {Threei} thing is holding well

[12:03] {Threei} may turn out just waiting for the activity to return

[12:04] {Moose} i recently joined Moose International fraternity... thus the Moose nick... heh

[12:04] {nemo} never heard of it

[12:04] {Moose} http://www.mooseintl.org/public/default.asp

[12:04] {strider} Oh great, now they're getting organized.

[12:05] {strider} What would a moose frat party be like?

[12:05] {Moose} we have a local lodge ... bar, kitchen, ballroom... etc... fun

[12:05] {Moose} strider... old guys mostly

[12:05] {strider} well, I wouldn't know anything about that.

[12:06] {fernp} I have to leave you early today. Have a good evening everybody and see you all tomorrow.

[12:06] {strider} I knew an old guy once...

[12:06] {Threei} take care fern

[12:06] {strider} see ya fern.

[12:07] {strider} seed

[12:08] {Threei} really... teenagers strider and I, we just frolic in our seething youtfulness

[12:08] {strider} yeah, that's right......don't know about the frolicking though.

[12:09] {strider} Sounds sinister.

[12:09] {Threei} ok, you pick the verb

[12:09] {strider} prowling.

[12:10] {Threei} just avoid those "slooowly getting up from the bench, with cane in hands"... that would give away too much

[12:10] {ese} zzzzzzzzzzzzzzzzz....sknort guzzzzzzz............ahhheemmmmm.....zzzzzzzzzzzzzzzzz

[12:11] {strider} SPY dbl bottom

[12:13] {Threei} two discretionary calls, only for those who want action and don't mind 50/50 plays

[12:13] {Threei} Long Setup: SEED .15 break if stays above 12

[12:13] {Threei} Long Setup: RIMM .20 break if stays above 58

[12:14] {nemo} mmmhhhh...lunchtime plays

[12:18] {strider} out 1/2 RIMM

[12:19] {strider} out balance b/e

[12:22] {strider} kgc upgrade, larisa

[12:23] {larisa} ty, why are you telling me though ? :)

[12:23] {strider} Don't you trade gold?

[12:24] {patience} i am in it strider

[12:24] {strider} Or is that patience?

[12:24] {patience} it has been a salmon all day

[12:24] {strider} Ah, you girls look so much alike.

[12:24] {larisa} lol

[12:24] {patience} only in the dark

[12:24] {strider} no comment.

[12:24] {nemo} me neither

[12:24] {nemo} Fastballs right down the middle

[12:25] {strider} think SEED might be ready again, vad?

[12:26] {Threei} no setup

[12:26] {strider} you still in RIMM?

[12:27] {Threei} yes

[12:27] {Les} scalp only or are you looking for market to pick up this arvo?

[12:28] {nemo} what's an "arvo"?

[12:28] {Threei} I've no idea

[12:28] {Threei} this is not your nornmal play, this is kind of "gimmie some lunch money"

[12:28] {Les} british/australian english vernacular for afternoon

[12:29] {Les} oh crap, I would have taken already had I known that. ok.

[12:33] {Les} stopped

[12:33] {nemo} yeah...lunchtime trades

[12:33] {Threei} strider played it right

[12:33] {Moose} 3i... ever been to "point no point"?

[12:34] {nemo} Hope he doesn't hurt his shoulder

[12:34] {Threei} what's that?

[12:34] {larisa} resort in your area :)

[12:34] {Moose} a place on your island

[12:34] {Threei} hmmm

[12:35] {Threei} no

[12:35] {Threei} whcih area?

[12:35] {Moose} wow

[12:35] {Moose} west of Vict

[12:35] {Moose} nw

[12:35] {Threei} Sooke

[12:35] {Threei} been there many times

[12:35] {Threei} just not in that particular resort

[12:36] {Moose} great little cafe there with whale watching

[12:36] {Moose} SEED blastoff

[12:38] {nemo} stocks are weak, it's not taking much to push them over, when lunch is over could be interesting afternoon

[12:38] {Threei} MTXX Discloses SEC advised company that probe has been completed; no enforcement action to be recommended - filing dated 11/24

[12:38] {Threei} - related to June 16, 2009 warning letter issued to the Company by the FDA. (4.20, +0.22, 5.53%)

[12:38] {nemo} btw...wfc seems to be forming a bear flag range

[12:42] {Les} thanks for the tipoff moose on your cabins there. I now have place to stay when we visit vancouver island. very nice

[12:43] {Threei} it's a separate destination Les... not a place to stay while exploring Victoria

[12:43] {Threei} a bit too long drive

[12:44] {Threei} and the road is not exactly for the faint heart

[12:45] {patience} incredible location though moose

[12:46] {Les} you calling me "faint of heart"? :)

[12:46] {Threei} just giving you lay of the land

[12:46] {Threei} windy narrow road

[12:46] {Les} lol, you need to come out back of my place then

[12:47] {Threei} no need - I survived road to Hana

[12:48] {Les} Only Hana I could find...http://www.myvideo.ch/watch/1363017/germanys_next_topmodel_hana

[12:48] {Threei} http://en.wikipedia.org/wiki/Hana_Highway

[12:49] {Moose} back... yep, Vancouver Island is full of neato places

[12:49] {Moose} unfortunatly, I'm in Tennessee.. heh

[12:50] {strider} Brother!

[12:50] {nemo} There are no moose in Tennessee

[12:50] {Moose} lol

[12:50] {strider} a lot of turkeys, though.

[12:50] {Moose} i beg your pardon... lol

[12:51] {strider} Moose, I was born in Elizabethton.

[12:51] {Moose} thats barely in TN :)

[12:52] {strider} State of Franklin.

[12:52] {Moose} nice area

[12:52] {nemo} she's a nihilist les

[12:52] {Moose} i'm over in the flat muddy western part of TN

[12:53] {strider} Should be annexed by Arkansas.

[12:53] {strider} :)

[12:53] {Les} didn't even look Nemo. unfortunately Google insists on giving me German language search response

[12:53] {Les} cause I live in switzerland

[12:53] {nemo} go to google usa

[12:54] {Les} i enter search criteria straight into address bar

[12:54] {Les} only default of google chrome

[12:54] {strider} Memphis area really should be a state all to itself.

[12:54] {nemo} oh...firefox

[12:54] {Les} Vad, RIMM support at .75?

[12:54] {Moose} with prison walls

[12:54] {Les} bounce play?

[12:54] {strider} yeah.. state of anarchy.

[12:54] {Moose} lol

[12:55] {Threei} support yes... bounce off it or breakdown - no way to tell

[12:55] {Moose} nah, Memphis has some cool things to see and do

[12:55] {Moose} BBQ

[12:56] {strider} Buddy of mine owns Rangemaster, in Memphis. I go there to shoot sometimes.

[12:56] {Moose} nice

[12:57] {Moose} bbl... lunch

[12:57] {strider} RIMM sure is looking like a b/d

[12:58] {Threei} SEED is chewing through resistances

[12:59] {Threei} anyone went for it?

[12:59] {Les} I chose the wrong horse

[12:59] {Les} figured the larger, more stately steed as the surer bet...

[13:00] {Threei} don't try to rationalize either choice les, both were 50/50

[13:00] {Les} I shorting RIMM vad, you wait until .50 is triggered (low of the day)?

[13:00] {Threei} could be easy other way around

[13:00] {Les} If

[13:01] {Threei} it's breaking support right here

[13:01] {Threei} .50 is 25 cents away, how can you tell in what way it gets there

[13:01] {Les} yeh but still suspiscious of seed as momo play

[13:01] {Threei} if it drops sharply into .50, will you short it there?

[13:01] {Les} no

[13:02] {Threei} there you go

[13:02] {Threei} price alone is not enough to answer the question

[13:02] {Les} ok, so .75 is legit support setup to play from?

[13:03] {Threei} again - if you don't mind 50/50 play

[13:03] {Threei} market just doens't do anything here

[13:03] {Threei} meaning, it can do anything next moment

[13:03] {Les} that's fine. I get to ask questions and do dinner instead of staring at screen

[13:04] {Threei} thus, market followers like RIMM will be just as random

[13:04] {Les} ok. want to ask you if you play poker or bridge?

[13:04] {Les} starting to see your setups as poker game

[13:04] {Threei} oh, and I don't know why I am wasting time here, a box with 15 millions in cash will be delivered to me by UPS from Bank of Afrika if I only send them:

[13:05] {Threei} 1.YOUR FULL NAME

[13:05] {Threei} 2.YOUR HOME ADDRESS.

[13:05] {Threei} 3.YOUR CURRENT HOME TELEPHONE NUMBER.

[13:05] {Threei} 4.YOUR CURRENT OFFICE TELEPHONE.

[13:05] {Threei} 5.A COPY OF YOUR PICTURE

[13:05] {Les} so, what are you waiting for?

[13:05] {Threei} nothing, quickly sending

[13:05] {Threei} and btw, it's not my spelling, email does say Afrika

[13:06] {nemo} south africa

[13:06] {nemo} Afrikaans

[13:06] {Les} reading other day that quantum physicists are no longer in vogue in wall st, now poker players are being sought for trading

[13:06] {nemo} yep

[13:06] {Threei} what's the analogy here Les?

[13:08] {Threei} reason I ask:

[13:08] {Threei} there are valid analogies between trading gambling, and there are meaningless ones

[13:08] {Threei} I often hear this comparison,

[13:08] {Les} able to press bets when moment is right

[13:08] {Les} discipline, patience...

[13:09] {Threei} but there is no way to tell whether one who cites it underdtands where real analogies are until he explains

[13:09] {Les} ah no, not that patience

[13:09] {Les} understanding of probabilities. do you need maths to play poker?

[13:09] {Threei} there was a mopvie describing a professional gambler approach

[13:09] {Threei} which hit many things right on

[13:09] {nemo} 21

[13:09] {Threei} Rounders

[13:09] {nemo} oh yeah, Matt Damon

[13:09] {Threei} yup

[13:09] {nemo} good movie

[13:10] {Les} 21 is name of movie?

[13:10] {nemo} bad accent on Malkovich

[13:10] {nemo} 21 was about the MIT students

[13:10] {Threei} speaking of movies... we forgot to ask fern how he liked 2012

[13:10] {Threei} to put it short,

[13:11] {Threei} those who liken trading to gambling in a sense that you just make your bets and hope for luck have no idea what they are talking about

[13:11] {Les} ah no, not at all the analogy i was reading

[13:11] {strider} lelap

[13:11] {Threei} those who see similarities in spotting the odds and patterns in those games where there are such

[13:11] {nemo} "why does everyone say 'good luck' when you tell them you're going to Vegas?"

[13:11] {strider} LESP

[13:11] {strider} damn

[13:11] {Threei} and utilize them with steel discipline

[13:11] {strider} LEAP

[13:12] {Threei} LEAP Hearing Dealreporter speculating that LEAP could be a target for PCS

[13:12] {Threei} those got it right

[13:12] {Threei} US Treasury's Barr: US mortgage plan has already shown progress, but banks must now "do their part" on loan programs

[13:12] {Threei} - Barr and TARP chief Allison are meeting with large loan servicers today

[13:24] {strider} AMZN up from 95 to 135 in 6 weeks.

[13:26] {Threei} LEAP still trying

[13:27] {BillyD} spikey one

[13:27] {nemo} aapl break of .50 could be interesting

[13:30] {Les} CAT recovering

[13:30] {Threei} http://realitytrader.com/vad/PB284309.jpg

[13:30] {Les} ascending triangle CAT?

[13:30] {Threei} more or less

[13:31] {Threei} 58 was cleaner trigger

[13:31] {Threei} don't chase

[13:31] {BillyD} your desk photo Vad?

[13:31] {Threei} yeah

[13:32] {BillyD} got enough electronic gizmos?

[13:32] {Threei} lol

[13:32] {Threei} he who dies with the most toys dies happy

[13:33] {BillyD} yeah, especially with that dinosaur monitor

[13:33] {Threei} no kidding - darn thing just won't diw

[13:33] {BillyD} good paper weight

[13:33] {strider} Hey! I resemble that remark.

[13:33] {Threei} rofl

[13:34] {strider} I don't have to heat my house in winter because of those things.

[13:34] {BillyD} lol

[13:34] {Threei} it's on reserve computer, I don't need anything but basic things on it,

[13:34] {Threei} so CRT, no matter how old, will do while it's working

[13:34] {Threei} it's 6 years old

[13:35] {Threei} and it doesn't give me ay reasong to throw it out

[13:35] {BillyD} go dump it in nemo's front yard

[13:35] {BillyD} and say Merry Xmas

[13:35] {Threei} uhhu

[13:36] {Threei} let me pick someone without rifle on his lap for that

[13:36] {nemo} was sighting in the muzzleloader yesterday

[13:36] {ese} anyone here ever play penny stocks.......i'm reffering to PEIX in particular

[13:37] {nemo} RIMM C&H (sorta') forming

[13:37] {Threei} can ypu believe it's that same PEIX thast used to be a darling of ethanol plays?

[13:38] {Threei} trading in 20s, 30s

[13:38] {ese} ya i know

[13:38] {Les} FAZ at support. b/d?

[13:38] {Threei} sic transit gloria mundi

[13:38] {Les} forget it

[13:38] {patience} made 46k on peix

[13:38] {ese} been following it for a long time.........news looks positive for it and it looks like it could be on the mend

[13:38] {strider} ese, I've got one that I keep to remind me of my blown stop days.

[13:39] {strider} REAL

[13:39] {patience} sold it around 46 bucks

[13:39] {patience} i should go look at the chart

[13:39] {ese} Peix patience

[13:39] {Threei} just make sure you are OK with nightmares for a week after looking at that chart

[13:39] {patience} held it for weeks, wasn't a scalp :)

[13:39] {strider} REAL is a deal...only .013 per share.

[13:40] {ese} ya a real deal!

[13:40] {strider} How much you want?

[13:40] {ese} nothing yet.......it's been on my radar for about 3/4 yrs

[13:41] {ese} peix that is

[13:41] {strider} Damn. Thought I had a buyer.

[13:41] {patience} ese, it was the hot stock in hot sector

[13:41] {patience} notice i don't trade it anymore

[13:41] {ese} yup

[13:42] {ese} what can i say....time on my hands this morning.......looking around to much

[13:42] {Threei} investors graves are scatterted all along the PEIX chart

[13:42] {Threei} I know the look of these charts

[13:43] {Threei} it's a typical progression

[13:43] {Threei} ah it's such a great sector, idea, company

[13:43] {ese} wheres it headed vad?

[13:43] {Threei} oh they shake out weka hands

[13:43] {Threei} they won't fool me

[13:43] {Threei} they are not getting my shares cheap

[13:43] {Threei} OK, too late to sell it now

[13:43] {Threei} might as well hold it

[13:44] {Threei} hey, it's a great buying opporetunity, I think I'll get more

[13:44] {BillyD} it's gonna come back

[13:44] {Threei} damn, they just won't let it move

[13:44] {Threei} it's gonna come back, we have oil shrtage

[13:44] {Threei} farmers won't let it die

[13:45] {patience} oil is gonna stall at 100

[13:45] {Threei} politicians will support it

[13:45] {BillyD} best one: it can't go any lower

[13:45] {Threei} yes, that

[13:45] {Threei} it can't go any lower

[13:45] {Threei} OK{ it goesa into my special account, my grandchildren will thank me some day

[13:45] {strider} hahahahaha

[13:45] {nemo} nuva vad

[13:46] {Les} I had brief experience of this action playing with Spongetech

[13:46] {patience} related to spongebob?

[13:46] {nemo} rim shot please

[13:46] {patience} sorry, i am getting bored

[13:47] {nemo} take a nap

[13:47] {strider} NUVA cc at 5:30

[13:47] {patience} can't, i have 2 trades open

[13:47] {strider} scratch..was 5 days zgo.

[13:47] {strider} sorry. Old info.

[13:47] {Threei} NUVA looks right nemo

06[13:47] * strider slaps strider around a bit with a large CALENDAR

[13:48] {strider} stop at .40?

[13:49] {Threei} just under yes

[13:51] {strider} out +.14, thanks nemo

[13:52] {nemo} yw

[13:52] {nemo} thank Vad...He gave it the "In Nomine Patre"

[13:54] {Threei} lol

[13:55] {strider} Patri

[13:55] {nemo} thanks, I forget

[13:55] {Threei} Billy, to your comment about my desk:

[13:55] {Threei} 'If a cluttered desk is the sign of a cluttered mind, what is the significance of a clean desk?'

[13:55] {strider} empty mind

[13:55] {nemo} a lobatomy?

[13:56] {strider} actually, it's patris. genitive case

[13:56] {nemo} yep

[13:56] {strider} pater,, patris, patri, patrem, patre... can someone check me on that.

[13:57] {nemo} google it

[13:57] {strider} I WILL NOT!

[13:57] {nemo} fine

[13:57] {nemo} My latin texts are in a box in the attic

[13:58] {nemo} then there's the problem of which attic

[13:58] {strider} Mine are on a shelf right behind me.

[13:58] {nemo} wtf

[14:00] {strider} Quid fute!

[14:00] {Threei} SEED sharp dibe

[14:01] {Threei} dive

[14:01] {Les} ah someone mentioned the desk. thought it best to keep my own counsel on that clutter

[14:01] {Moose} no kidding

[14:01] {Threei} Market Internals update at 2:00pmET

[14:01] {Threei} - NYSE volume 540M shares, about 24% below its three-month average; decliners lead advancers by 1.5:1.

[14:01] {Threei} - NASDAQ volume 1.15B shares, about 21% below its three-month average; decliners lead advancers by 1.7:1.

[14:01] {Threei} - VIX index +1% to just over 25.00

[14:01] {nemo} I was think 12.32 short, but thought this momo play dangerous

[14:03] {larisa} looked at dt too. potential was not much though

[14:04] {BillyD} Vad to your desk comment: the mind is only as good as the navigator

[14:05] {Threei} for cosmo it'd mean Nestcape

[14:05] {BillyD} lol

[14:06] {Threei} I think he was using long after everyone on Earth forgot the very name, lol

[14:06] {strider} PLA

[14:07] {strider} the bunny play

[14:13] {Moose} now what?

[14:13] {nemo} what what?

[14:19] {nemo} RIMM C&H

[14:20] {Threei} remember our Friday QLTI play?

[14:20] {Threei} thing is alive again

[14:20] {nemo} I wasn't here

[14:20] {BillyD} took it off screen earlier

[14:21] {Threei} CAAS momo...

[14:21] {Threei} I wish it was not so thin

[14:21] {BillyD} yeah

[14:21] {BillyD} and jumpy

[14:21] {BillyD} pace changer

[14:30] {Moose} do we have a list of "usual suspects" watched daily?

[14:30] {Threei} yes but it's changing

[14:31] {Threei} for instance HIG used to be on the list for quite a while

[14:31] {Threei} then it started misbehaving

[14:31] {Moose} where can I obtain the list?

[14:32] {Moose} list here maybe :)

[14:32] {Threei} I am very tgempted to come up with this huge misterious story

[14:32] {Moose} lol

[14:32] {Threei} about list being locked in a case chained to someone's hand

[14:32] {Threei} guarded by hiredninja

[14:32] {Moose} a russian guy?

[14:33] {Threei} but... RIMM, AIG, CAT,

[14:33] {Threei} momo plays that come and go

[14:33] {Threei} HIG, SEED, NLST

[14:33] {Les} I've only been here a month Moose and the names have changed

[14:33] {Threei} now and then some stocks stay with us for weeks

[14:33] {Threei} or days

[14:33] {Moose} ok thx

[14:34] {Threei} like last summer favorite, UAUA

[14:34] {Threei} or last fall DRYS

[14:34] {Threei} and I was this close to calling AIG tghe love of my life

[14:34] {Moose} heh

[14:34] {Threei} when darn thing changed its ways on me

[14:35] {Les} will we get to play some more reverse splits next year (or whatever they call what they did to AIG during summer)?

[14:36] {Threei} if they decide to revive the likes of C, FRE, FNM...

[14:36] {Threei} ABK

[14:37] {Threei} look at CAAS

[14:37] {Threei} momo is momo is momo

[14:38] {Moose} both ways!

[14:40] {Les} what's AIG doing Vad? bounce and more breakdown?

[14:40] {Threei} reverse split is two-sided coin...

[14:40] {Threei} more oiften than not it;'s a kiss of death

[14:40] {Threei} I have no idea les

[14:41] {Threei} you want me to predcit what happens next

[14:41] {Threei} that's not how my thinking works

[14:41] {Threei} well, providing I have any

[14:41] {Les} no, just wondering if you can see ticker movement

[14:41] {Threei} I see it

[14:41] {Threei} how does it allow to answer your question?

[14:41] {Les} aah a comedian

[14:42] {Threei} better think what else is there in what I said, aside from standing joke

[14:42] {Les} dunno. has it bottomed out?

[14:43] {Threei} let's try again

[14:43] {Threei} ticker shows what happens this very second,

[14:43] {Threei} chart shows what happened before

[14:43] {nemo} could play short double bottom or break long, but it's staying udner trend lines les

[14:43] {Les} thank you nemo

[14:43] {Les} :P

[14:43] {Threei} you ask what is going to happen next

[14:43] {Threei} but I don't think in these terms at all

[14:44] {nemo} probabilities, no certainties

[14:44] {nemo} like marriage

[14:44] {Threei} I use chart and ticker in order to spot recognizable situation

[14:44] {Threei} and I have pre-canned reposnses

[14:44] {Threei} to those situations

[14:44] {Threei} whatever happens - happens, it doesn't matter

[14:44] {Threei} call it fatalistic trading

[14:44] {Threei} my responses are built on odds

[14:45] {Threei} in a long run those odds will work for me

[14:45] {nemo} don't call yourself odd, Vad...

[14:45] {Threei} without guarantee of success in any given case.

[14:45] {Threei} just being honest nemo

[14:45] {Les} yes I sh

[14:45] {nemo} it's what it implies about me

[14:45] {Les} yes I should know that now

[14:45] {nemo} fcx very close to support here

[14:46] {Les} I have your 7 setups pasted on the table

[14:46] {Threei} see now why I have troubles answering what AIG is doing, oputting bottom, or justg bouncing before breaking down again?

[14:46] {Threei} now,

[14:46] {Threei} let me show you how the question should be shaped up

[14:46] {Threei} so I could answer it

[14:46] {Threei} in terms of my way of thinking.

[14:46] {Threei} what sghould AIG do for this to be a bounce or a breakout?

[14:47] {Threei} and here is my immediate answer, as it would be a few minutes back:

[14:47] {Threei} consolidate under .45, let's say not losing .30, and break .45 - and we have a long play

[14:47] {Threei} or

[14:47] {nemo} we're getting volume characteristics for db here

[14:48] {Threei} return under .30,

[14:48] {Threei} consolidate between .30 and .15

[14:48] {Threei} and break .15 for a short play

[14:48] {Threei} see now how this way of thinking works les?

[14:48] {Threei} and becomes instructional?

[14:49] {Threei} it takes you our of realm of prediction

[14:49] {Les} y. so can we play it?

[14:49] {larisa} lol

[14:49] {Threei} and gets you into universe of standard responses to standard situations

[14:49] {nemo} and don't forget the market

[14:49] {Threei} where you stay a detached observer

[14:49] {Threei} cold as cucumber

[14:49] {Threei} emotionally I mean

[14:50] {nemo} well, I've been described as "unhinged"

[14:50] {nemo} is that detached?

[14:50] {strider} good call nemo.

[14:50] {nemo} on what? self reference?

[14:50] {larisa} on FCX :)

[14:50] {strider} fcx

[14:50] {Threei} that's how "trade what tyou see, not what you think" manifests itself in your actions

[14:50] {nemo} oh, shit, I was paying attention to vad

[14:51] {Moose} lol

[14:51] {Threei} by now you should know better nemo

[14:51] {larisa} me too, missed AIG at .15 for scalp :) vad needs to keep quiet

06[14:51] * nemo never heard a moose laugh before

[14:51] {Threei} sorry

[14:51] {Threei} I will

[14:51] {Threei} from now on

[14:51] {larisa} lol

[14:51] {nemo} rotfl

06[14:51] * Threei shuts up fo the week

[14:51] {strider} oh, no. Now he's gonna wanta go home.

[14:52] {nemo} nice going Lari

[14:52] {Moose} :/

[14:53] {larisa} it was a joke btw vad, do not hope for break like that :)

[14:53] {Les} sorry. money lost due to my needs. Will buy a round of drinks when I make it to Bahamas

[14:53] {nemo} you hurt his feelings...he's sensitive

[14:53] {Threei} sorry Larisa, too late - I have no sense of humor

06[14:53] * nemo passes vad a tissue

[14:53] {Threei} and yes, I am very sensitive... sniff sniff

06[14:54] * Threei looks around from under his palm to see if his act is being bought

[14:54] {nemo} interesting, market weakened, but aig holding

[14:54] {Moose} SEED

[14:55] {Threei} it's not holding nemo, it's consol,idating

[14:55] {nemo} fine

[14:55] {nemo} tomato tomahhhhto

[15:00] {Moose} test

[15:00] {Threei} SEED is quite something

[15:07] {BillyD} can't seem to nail the one explosive move on it

[15:08] {BillyD} or any move for the most part

[15:09] {Threei} no other way to do it but get a feel

[15:09] {Threei} they don't obey technicals

[15:10] {nemo} actually, seed gave to beauties off 12.25 and .65 look at the volume configurations

[15:12] {Threei} true

[15:12] {nemo} ty

[15:13] {Threei} see, I better do what I promise and shut up

[15:13] {nemo} of course, one would question the validity of such a setup when the stock has been momo

[15:16] {Les} cat

[15:17] {Les} ignored CAT upper range movement to my detriment. Thought it was going to drop back down.

[15:18] {Les} ah I see spy exploding

[15:18] {larisa} momo players use technical indicators too, i would think. i do not believe they trade with their feelings only, it would be hard :) "Momentum" indicators do exist.

[15:18] {nemo} does Mags have feelings?

[15:18] {larisa} this is what i am thinking about :)

[15:18] {larisa} not sure how he trades

[15:19] {Threei} anyone finding the way to read such plays, feel free to share

[15:19] {BillyD} darts...lol

[15:20] {Threei} to me precise in what I see as major difficulty with them:

[15:20] {Threei} to be

[15:20] {Threei} they most often spikes out of nowhere after quiet period of sitting near some support level

[15:20] {Threei} in practice it means that in order to be in such play early,

[15:21] {Threei} you have to enter before any momentum indicator shows anything

[15:21] {Threei} and the sheer speed of those spikes is such that no sane amoun t of chasing is possible

[15:22] {Threei} remember we discusased this manner of spiking on AIG a week or two ago?

[15:22] {Threei} then SEED did pretty much the same quite a feww times

[15:22] {Threei} including today,

[15:22] {Threei} 14:37 and on

[15:23] {BillyD} AMZN

[15:24] {strider} For the magoo plays, would be helpful to enter early, and set stops on both sides of trade.

[15:24] {strider} auto stops

[15:24] {strider} ??

[15:26] {Threei} I am at loss about how to answer it

[15:26] {strider} Did I say something stupid?

[15:26] {Threei} no

[15:26] {Threei} I mean

[15:26] {Threei} I see no obvious connection between these plays and auto stops,

[15:27] {nemo} that was a fat pitch

[15:27] {Threei} and I see the most difficulty with how to find the right entry

[15:27] {Threei} which is not connected to auto stops

[15:27] {strider} oh yeah...there's that.

[15:27] {Threei} so either I don't understand what connection you mean

[15:27] {Les} vad, AMZN!

[15:28] {nemo} or it's as he said

[15:28] {Threei} or you are trying to resolve something other than what I see as main problem

[15:28] {strider} Well, I guess I see the big problem as being getting out on a spike, up or down.

[15:28] {strider} The kind that last half a second.

[15:28] {strider} That's just my particular weakness right now.

[15:29] {strider} Taking the money while it's available.

[15:29] {Threei} magoo solves it by laying out his exit in advance

[15:29] {strider} IOW, putting an offer in.

[15:29] {Threei} but it's not even the only way to do it

[15:29] {strider} ?

[15:29] {Threei} yes

[15:29] {Threei} try this:

[15:30] {Threei} let's say you feel tou are happy with exit at .20,

[15:30] {Threei} stock is spiking into there

[15:30] {Threei} you have price in your ordr bar at .10

[15:30] {Threei} and cursor hovering over Sell

[15:30] {Threei} Limit sell of course

[15:30] {Threei} stock is spiking to .20 and pausing

[15:30] {Threei} you click

[15:31] {Threei} you will swipe .19, .18

[15:31] {Threei} if it's not pausing you don't click

[15:31] {Threei} but you are just as rfeady, and the moment it stalls you click

[15:31] {Threei} wherever it happens

[15:32] {strider} OK} if you're that far away from inside market with your order when you click, why not just use market order?

[15:32] {strider} Will it make a differencce?

[15:33] {Threei} seriosly willing to risk the situation where if you are just a tad late, bids get pulled and you get filled at .00, only to see it immeiately spiking back to .10?

[15:33] {Threei} I don't suggest 10 cents per se,

[15:33] {Threei} I am describing situation where you buy at .10

[15:33] {Threei} stock spikes very fast

[15:33] {Threei} so you don't even have tiome to change the price

[15:34] {Threei} btw, look at another SEED spike from 13.20

[15:34] {Threei} vertical from there... I really don't see any indicator helping with that

[15:39] {larisa} around 15:30?

[15:40] {strider} All I see is that there's really no enthusiasm for selling.

[15:40] {strider} Hence an upside bias.

[15:42] {Threei} yes larisa

[15:42] {strider} my comment refers to the few minutes prior to the spike.

[15:42] {nemo} I just see volume gradually increasing into the price rise, and then it hops up over the bb ma

[15:49] {nemo} stt and hig goosed out of nowhere

[15:50] {Moose} BUCY making nice move up

[15:52] {Les} the jig is up on this session. night all.

[15:53] {Moose} adios Les

[15:53] {Threei} take care Les

[15:54] {Moose} scalped a little BUCY

[15:56] {Threei} okay guys, not too bad start for the week

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {nemo} c u

[15:57] {Moose} thanks to you

[15:57] {Moose} cya

[15:57] {strider} thanks vad...

[15:57] {larisa} bye :)

[15:57] {lasertrev} see ya Vad