Tuesday, March 9, 2010
Monday, March 8, 2010
Mar 08 2010
5 calls, 5 wins - AIG, VXX, SEED... all of them early in the day, then traditional period of boredom. The range was so narrow that even those morning moves were a miracle. Calm before the storm.
Session Time: Mon Mar 08 00:00:00 2010
[08:13] {Threei} RF Micro Devices, Inc. Guides Q2 $0.11-0.12 v $0.10e; R $240-245M v $232Me
[08:13] {Threei} - RFMD is experiencing broad-based strength in its core business this quarter, with current customer demand significantly outpacing original expectations in both the cellular products group and multi-market products group. RFMD is seeing particular strength in China and Korea and expects continued market share gains across leading cellular baseband providers and handset manufacturers this calendar year.
[08:31] {Threei} [EBIX] Reports Q4 $0.92 v $0.27e, R$31.3M v $30Me
[08:32] {Threei} LIOX Awarded Contract by Department of Homeland Security for Over the Phone Interpretation Services
[08:32] {Threei} - Expects Contract to Generate Approximately $7 Million
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:56] {Threei} FDIC's Bair: Evaluating many options with regards to GSEs; could nationalize FNM, FRE or remove them entirely (related FNM FRE )
[09:01] {Threei} NKTR Announces Positive Phase 2 Clinical Data from First Stage of NKTR-102 Study in Women with Platinum-Resistant Ovarian Cancer (14.94, 0.00, 0.00%)
06[09:12] * nemo slaps Les around a bit with a large trout
[09:13] {Threei} I giess that was as close to good morning in nemo's terms as it gets
[09:13] {nemo} hehehehe
[09:13] {Les} noticed difficulty crowd here has facing monday mornings. I feel like that too in the morn...
[09:13] {Les} but now I'm on to my first beer for the week
[09:14] {Les} everythings fine now
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:15] {nemo} There he is...Mr. Obscene Profits
[09:16] {nemo} geez...what got into Rimm this morning
[09:16] {Les} morning guvernors
[09:16] {Threei} Les :)
[09:16] {Threei} RIMM BMO Capital Markets Raised RIMM to Outperform from Market Perform, price target: $88
[09:18] {RonS} gmorning all. check SEED
[09:18] {Threei} Ron :)
[09:18] {nemo} bull flag
[09:18] {dino} already see'd it
[09:18] {dino} :)
[09:18] {Threei} no news SEED that I see
[09:19] {Les} http://uploads.mibbit.com/ELcpXT.jpg
[09:19] {Les} Uni has begun. table back to normal now.
[09:19] {Les} vad would be proud
[09:19] {Threei} much better
[09:19] {nemo} literature and what f-18s?
[09:19] {jfjf64} mornin
[09:19] {Threei} jf :)
[09:20] {Les} jf
[09:20] {Les} sure. one perk of being a grunt was getting close to noisy fast jets
[09:20] {dino} prem brand pesticide, developes strayegic business
[09:21] {billyc} gm everyone
[09:21] {Les} billy
[09:21] {billyc} hey les
[09:22] {Les} AIG is perking up. asset sale equals higher stock price...
[09:22] {Threei} billy :)
[09:22] {billyc} vad
[09:22] {lasertrev} morning
[09:22] {Threei} so far on radar:
[09:22] {Threei} RFMD, SEED, AIG
[09:22] {Threei} trev :)
[09:23] {strider} Morning folken
[09:23] {Threei} strider :)
[09:23] {Threei} NKTR
[09:23] {strider} :)
[09:23] {nemo} hgsi
[09:24] {nemo} very near 52 week high
[09:29] {nemo} then drops .50 cents
[09:29] {dino} ttm
[09:32] {dino} ssp?
[09:32] {Threei} no fresh news
[09:33] {dino} volc gap around22
[09:33] {Les} AIG on this pullback?
[09:33] {Threei} AIG, watching for long on pullback, under .50
[09:35] {Threei} jump right out of the gate everywhere, no chance for entry
[09:36] {Threei} watching SEDD on pullback
[09:36] {Threei} SEED
[09:36] {Threei} under .60
[09:36] {Threei} half lot
[09:36] {dino} tnh
[09:37] {Threei} DRYS Hearing early strength being attributed to takeover chatter (5.79, +0.13, 2.30%)
[09:38] {Threei} AIG momo
[09:38] {fernp} hgsi, Vad?
[09:39] {Threei} .80 break half lot, wrth a try
[09:39] {Threei} stop under .60
[09:39] {fernp} yeah
[09:39] {Threei} for pesky scalpers .70
[09:39] {Threei} easy to get shaken out though
[09:39] {Threei} ok AIG, should dive now
[09:40] {Threei} keep half lot ready
[09:41] {Threei} one more leg
[09:41] {Threei} .50 break
[09:41] {Threei} .35 stop
[09:42] {Threei} 1:1
[09:42] {nemo} too quick for me
[09:42] {dino} ncs reverse 1/5
[09:42] {Threei} second chance
[09:43] {Threei} stop under .40 this time
[09:43] {Threei} 1:1
[09:44] {Threei} not going for third
[09:46] {Threei} Long Setup: VXX .77
[09:46] {Threei} if stays above .70
[09:46] {dino} lol scok -5
[09:47] {Threei} CSIQ Ticks higher on vague takeover chatter (21.51, -0.02, -0.09%)
[09:48] {dino} schl
[09:48] {nemo} 1/2 out .84
[09:48] {nemo} ty
[09:48] {Threei} yw
[09:49] {jfjf64} tck any read pullbk
[09:50] {dino} gj
[09:50] {Threei} a tad more, IMO
[09:50] {Threei} .40 break now
[09:50] {Threei} if holding .30
[09:50] {nemo} stop on vxx .75 now?
[09:51] {Threei} and then every 10 cents if losing it, same setup
[09:51] {Threei} yes nemo
[09:51] {dino} schl sm l .51
[09:51] {Threei} offer 1/4 more at .93 - .93
[09:51] {Threei} .92 - .93
[09:51] {dino} stop .19
[09:51] {dino} cresy?
[09:52] {Threei} no news
[09:52] {dino} ncs would think short off reverse 1/5 split
[09:52] {dino} nor here cresy
[09:53] {Threei} if you took .30 recross on TCK you have 1:1 here at least
[09:54] {jfjf64} ty
[09:54] {Threei} I say at least because with such entry stop would be under .25
[09:54] {Threei} VXX, ready for the next leg or for shakeout
[09:54] {Threei} we will know which it is very soon
[09:54] {Threei} IMO, next leg up
[09:56] {Threei} Long Setup: AIG .50 break
[09:56] {Threei} half lot
[09:56] {Threei} stop under .35
[09:57] {RonS} IMAX for a bounce w/ 14.20 sl?
[09:58] {Threei} I'd prefer it lower...
[09:58] {Threei} this entry is likely to be more struggle than I'd like
[09:58] {dino} lod
[09:59] {Threei} VXX second target hit, 1/4 more out
[10:00] {nemo} ty
[10:00] {Threei} stop is still .75 for the last piece
[10:00] {Threei} target is above 24
[10:01] {dino} gj
[10:02] {Threei} (US) Fed to expand number of firms participating in reverse repo facility; warns no inferences should be drawn regarding monetary policy
[10:02] {Threei} - The New York Fed requires firms having net assets of no less than $20B for six consecutive months prior to applying as a reverse repo counterparty.
[10:02] {Threei} - Additional counterparties for reverse repos program will not be eligible to participate in other transactions conducted by the New York Fed.
[10:03] {Les} spot gold just took a good dumping.miners are a short now... maybe
[10:03] {Threei} AIG 1:1
[10:05] {strider} AMAT dbl bottom
[10:05] {Threei} hmm
[10:05] {Threei} looks more like breakdown to me
[10:06] {strider} could be.
[10:06] {nemo} RIMM DT?
[10:06] {dino} cfi hl l .71
[10:07] {Threei} not clear yet on RIMM
[10:07] {nemo} classic dino
[10:08] {dino} uta
[10:09] {nemo} Great...got BJ Thomas going through my head
[10:09] {dino} rimm toughie for me nemo, staying away
[10:09] {nemo} wouldn't expect you would
[10:09] {Les} AUY .28 B/D? type 1
[10:09] {nemo} I mean't cfi Dino
[10:10] {Threei} .40 breakdown was much cleaner setup on AUY
[10:10] {Threei} now I'd rather try on bounces
[10:10] {Les} ok. wind back the tape for me mistro
[10:10] {Les} :)
[10:10] {dino} ok nemo
[10:11] {nemo} aig .50 bd on big bid breakdown
[10:11] {Threei} VXX last part is closed
[10:11] {Threei} no complaints here
[10:11] {nemo} aig look .60 break?
[10:12] {Threei} not sure
[10:12] {nemo} 50/49?
[10:12] {nemo} 51/49?
[10:12] {Threei} not sure even about that
[10:12] {nemo} ahhh, the old definite maybe
[10:12] {Threei} right, and very uncertain
[10:13] {Les} sxci
[10:13] {Threei} 4 for 4 so far
[10:13] {Threei} this is Monday for crisssakes... let's go home
[10:14] {Les} someone rolls out the wrong side of bed monday...
[10:14] {Threei} watching SEED
[10:15] {Threei} not sure for what but something should shape up
[10:15] {Les} TIVO 17?
[10:16] {Threei} nah
[10:16] {Threei} TIVO is out of gas and goes through the resting period
[10:16] {Threei} it will become a player again
[10:16] {Les} might try a .90 b/d on it then
[10:16] {Threei} but until it does, it will be pretty random
[10:18] {RonS} Vad , is CMRG too thin and tight to play?
[10:19] {Threei} trades by appointment...
[10:19] {Threei} I am not a big fun of thesde
[10:19] {dino} fdx sm l .50
[10:19] {RonS} tx
[10:19] {nemo} aig on steady trajectory
[10:21] {RonS} GS strength could be playing into AIG...
[10:22] {nemo} rimm break
[10:25] {Threei} wow
[10:25] {nemo} rimm?
[10:25] {dino} bcsi
[10:25] {Threei} yeah
[10:28] {Threei} just when I hought of .40 break on SEED for short, it went down so fast, I was hesitant to try it on a bounce
[10:31] {Threei} oh boy
[10:31] {Threei} this is total classic
[10:31] {Threei} dino, you are going to love it
[10:31] {Threei} (GR) Greece PM: Must have clear rules on shorts, naked shorts, and credit default swpas; G20 should take a look at speculators
[10:31] {Threei} this is who is to balme! get'em!
[10:31] {Les} software issues today. can only buy in 1's and 2's and slowly at that. will try again towards closing.
[10:31] {Threei} where is tar and feathers
[10:32] {Les} yeh, Sarkozy is jawing off at speculators
[10:32] {Threei} OK, SEED
[10:32] {Threei} IMO, short into this bounce
[10:32] {Threei} ideally, going over .40,
[10:32] {Threei} staying under .50,
[10:32] {Threei} then breaking down .40 again
[10:33] {nemo} or break of .37
[10:33] {nemo} .40 is where it opened
[10:33] {Threei} with 4-5 cets stop?
[10:33] {nemo} well .44
[10:33] {nemo} in
[10:34] {nemo} damn qs onna bounce here
[10:35] {Threei} so far so good
[10:36] {Threei} 1:1
[10:36] {nemo} ty
[10:36] {Threei} your entry
[10:36] {Threei} mine was only the general idea
[10:36] {nemo} oh
[10:36] {nemo} hehehe
[10:36] {Threei} this is kind of risk based setup
[10:37] {Threei} worth trying on risk being so small, even 50/50 is good enough
[10:41] {dino} vad dcc please
[10:46] {magoo} weird..im in
[10:46] {nemo} ?
[10:46] {Threei} what's so weird about it?
[10:46] {nemo} seed?
[10:46] {Threei} SEED lost readability
[10:46] {nemo} what's he in?
[10:47] {nemo} What do they say about shorting a dull market?
[10:47] {magoo} when i logged in it says evaluation period has expired...u know there usually are days in there like 76 until
[10:48] {magoo} and vad, u last time klike added it to 350 days
[10:48] {Threei} I don't even know where you tried to login
[10:48] {Threei} are you talking about room or scanner?
[10:48] {magoo} THIS ROOM
[10:48] {Threei} I added days to your scanner,
[10:48] {RonS} IMAX read?
[10:48] {Threei} room doesn't expire
[10:49] {magoo} hmmm..realy..ok
[10:49] {Threei} IMAX is toughie... I believe it's not over, should make new highs,
[10:49] {Threei} but read on it is not an easy thing
[10:49] {Threei} it rarely forms clean consolidations
[10:50] {Threei} mags, you haven't even tried to login to this room before this one and sucessful try... I don't know what door you knocked on, lol
[10:51] {magoo} im lost i guess (sigh..again)
[10:52] {Threei} oh boy
[10:52] {Threei} ECB's Stark: A European IMF style institution would be against the rules of the EMU; could create false incentives and place burden on some countries
[10:52] {Threei} - highlights that the fund would allow countries with weak finances to continue poor policies
[10:52] {Threei} - creation of such a fund could harm the acceptance of the Euro
[10:52] {Threei} - feels reforms of stability adn growth agreements is the better way forward, with penalties for countries who break deficit rules
[10:52] {Threei} - Note: German Fin Min over the weekend called for the establishment of a European IMF style organizatio
[10:52] {Threei} germany called to establish that??
[10:53] {Threei} last country I'd expect to want that
[10:53] {Threei} mags, your scanner is OK?
[10:55] {jfjf64} rimm monster
[10:56] {magoo} yea..im sorry vad, i dont know what happened just thgen
[10:56] {Threei} no problem
[10:58] {Les} TIVO
[11:02] {magoo} rimm strong today, news?
[11:02] {fernp} VXX .60 b/d, vad?
[11:02] {nemo} upgrade
[11:02] {magoo} ah.ty
[11:02] {magoo} its been a dog lately
[11:03] {Threei} I am hesitant to use VXX as market upward vehicle, fern
[11:03] {Threei} playing it long when market reverses, yes
[11:03] {nemo} over 72 I think you'll see it in play mags
[11:03] {Threei} short when market advances, less and less liking risk reward on that
[11:03] {fernp} ah!! ok ty
[11:03] {nemo} I hesitated on the .85 break
[11:06] {Threei} look at SPY range
[11:07] {Threei} how did we manage to find what we did, lol
[11:08] {nemo} wonder if rimm bolts if it breaks 73
[11:08] {Threei} most likely
[11:08] {magoo} dunno..its already up huge
[11:09] {magoo} really only like if pulls back
[11:10] {magoo} and it may not
[11:10] {Threei} this is one of those mags... "I'll just go up and up while ya'll say Can't believe it"
[11:11] {Threei} "and when you finally can't stand the pain of being left out and jump in, that's when I reverse"
[11:12] {nemo} it's a relatively sustainable rise no real euphoria
[11:12] {strider} TM
[11:16] {dino} stuck in a tight range again
[11:18] {nemo} fcx bounce area
[11:21] {dino} out fdx flat
[11:25] {Threei} larisa is not here, so:
[11:25] {Threei} guess who is coming on TV
[11:27] {magoo} dennis rodman?
[11:27] {nemo} original
[11:29] {dino} braney frank
[11:29] {RonS} Rodman quote (after breaking fro Carmen Elecktra): There is not a beautiful woman in the world who has some guy, somewhere thanking God he's away from her".
[11:29] {magoo} imagine if obamanation started getting piercings and tats lol
[11:30] {dino} and frank standing behind him
[11:30] {nemo} hahahaha
[11:31] {Threei} rofl
[11:31] {Threei} you guys
[11:32] {Threei} market is trying to break down
[11:33] {magoo} if so rimm could be a short scalp opportunity
[11:34] {Threei} I'd be hesitant to buy VXX break of .80, but quick pullback to or under .70, I will be interested
[11:34] {Threei} .60 break though, I regret ignoring
[11:34] {RonS} rimm has been acting on its own...
[11:36] {nemo} FAS could be long here
[11:36] {nemo} maybe a little pullback. to .95 would set up IH&S
[11:38] {Threei} IUSA Confirms to be acquired by CCMP capital; at $8.00/shr in cash (8.16, 0.00, 0.00%)
[11:38] {Threei} takeunder, eh
[11:38] {Threei} OK VXX
[11:38] {Threei} .70 break worth trying
[11:38] {Threei} scalping stop .65, day trading .60
[11:41] {Threei} change to aggressive entry
[11:42] {Threei} recross .60
[11:42] {Threei} .55 stop
[11:42] {magoo} in .63
[11:42] {Threei} getting slow mags... .61 was easily available
[11:43] {magoo} agree
[11:43] {Threei} I can't watch this indoctrination
[11:44] {Threei} "we are told market forces should take care of costs, well, we tried that, it doesn't work"
[11:45] {Threei} students applaud
[11:47] {dino} cohn
[11:49] {Threei} market can't decide whether to break down or return into range
[11:50] {nemo} cat looking breakdownish
[12:01] {Threei} 1:1
[12:01] {magoo} u taking thast?
[12:01] {Threei} half
[12:02] {magoo} how many u got?
[12:02] {Threei} still trying to push for bigger breakdown
[12:02] {Threei} with 6 cents stop, a lot
[12:03] {dino} l cohn.50
[12:04] {Les} TIVO 17 b/d?
[12:04] {Les} forget it, i remember
[12:06] {Threei} no chance for second half still
[12:06] {dino} cohn stop is .31
[12:06] {dino} brb
[12:08] {Threei} my mind is occupied by an issue of a great importance: can I count SEED short that nemo took as a call or not
[12:08] {nemo} I 1:1 that
[12:09] {Threei} I mean, I called aan idea, not exact entry
[12:09] {Threei} entry you found yourself
[12:09] {nemo} call it a 1/2
[12:09] {Threei} cool
[12:09] {Threei} 51/2 for 51/2
[12:09] {nemo} fas looking weak
[12:10] {Les} long a speculative 2 shares in sxci .53
[12:10] {nemo} ?
[12:11] {Les} you talking to me?
[12:11] {nemo} yeah Bob
[12:12] {Les} sim trade software stuffed. 2 shares instead of 200. will play game accordingly
[12:12] {nemo} ahh
[12:19] {dino} tnh what the ?
[12:22] {Les} sxci stopped
[12:28] {Les} dino what's your watch list today please?
[12:33] {dino} not much aside from normals, schl, volc (missed), uta, cohn
[12:37] {nemo} rimm interesting here...been bouncing off the 50, upon which it currently sits
[12:54] {dino} uta .58 l
[12:54] {dino} stop .48
[13:08] {nemo} AWIAV?
[13:08] {Threei} coma
[13:08] {Threei} SVNT On track to file Krystexxa resubmission this month (14.06, +0.12, 0.86%)
[13:09] {Threei} Sees US approval in Sept and product roll out in Q4 2010.
[13:09] {Threei} - European filings planned later this year.
[13:17] {Threei} anyone gets feeling we will see considerable market surge later in the day?
[13:18] {nemo} yep
[13:18] {nemo} after friday, it makes sense for a bit of quiet
[13:19] {Les} saw V for Vendetta over weekend. pretty good.
[13:21] {nemo} Yawn
[13:37] {nemo} Rimm's 4th attempt at this level
[13:37] {nemo} FCX breaking 81
[13:44] {dino} fsys
[14:01] {Threei} (US) US Rep Frank sends letter to top 4 US banks, requests them write down second lien mortgages
[14:01] {Threei} - sees mortgages having no real value; and are an obstacle in many loan modifications
[14:01] {Threei} lol
[14:02] {dino} he really doesn't understand too much
[14:03] {Threei} but he finds great consolation in the fact that he is not alone
[14:03] {nemo} Well...he's probably thinking if the house isn't worth the 1st mortgage, they've got no chance, so just write it own
[14:04] {Threei} and leave current occupant who can't pay mortgage to own it?
[14:04] {Threei} next thing you know 99% of USA who CAN pay mortgage, do not
[14:05] {dino} i'm sure the stock and bondholders think they are valuable
[14:05] {Threei} your beloved bank goes out of business
[14:05] {Threei} and evryone's happy
[14:05] {Threei} homeowners have their houses and no mortgage,
[14:05] {Threei} bank so widely hated by everyone is no more
[14:06] {Threei} there... all problems solved
[14:06] {Les} you go cap in hand to washington for loan following this, do you?
[14:06] {Threei} well, there are some little details
[14:06] {Threei} like, no bank to go for a loan anymore,
[14:06] {Threei} but who cares - we don't pay down our cars anymore either
[14:07] {Threei} or any other kind of loans
[14:17] {Les} vxx to bounce back here? .40 break?
[14:18] {Threei} well
[14:18] {Threei} it's a vaalid try
[14:18] {Threei} just view it as a "try"
[14:18] {Les} I can't, but if SPY continues to fall here
[14:18] {Les} maybe valid play
[14:18] {Threei} why can't?
[14:18] {Les} software
[14:19] {Threei} oh
[14:20] {Les} I can buy one or two shares at excruciating slow pace, but would rather bang my head against wall.
[14:21] {Les} c'mon Nemo, there's a line in there just tailored for your response...
[14:21] {Les} talk about dull way to begin the week
06[14:21] * nemo slaps Les around a bit with a large piece of gypsum drywall
[14:21] {nemo} yeah...
[14:22] {nemo} happy?
[14:22] {Les} is that poisoned chinese drywall, or real american stuff?
[14:22] {Threei} dull way?
[14:22] {nemo} Buffett's company
[14:22] {Threei} frikin 5 for 5
[14:22] {Threei} plus half
[14:22] {Threei} what am I, a firework master?
[14:23] {nemo} ?
[14:23] {magoo} no, a crazy ivan :)
[14:23] {Threei} ah
[14:23] {Les} oh well you're sitting on profits, good and happy, where's the asylum talk we've come to value?
[14:23] {Threei} http://realitytrader.com/vad/CrazyRussian.bmp
[14:24] {jfjf64} un grateful
[14:24] {Les} piss off jf
[14:24] {jfjf64} cut em off vad
[14:24] {Les} :P
[14:24] {Threei} his wife might object...
[14:25] {Les} seed might be ready for more important breakdown. small bounce here at .30
[14:25] {Threei} don't forget to view these up and down moves for what they are, scale wise
[14:26] {Threei} they look menaingful only within the range
[14:26] {Threei} but the range itself is so narrow, they do not mean anything
[14:26] {Threei} just a little noise
[14:27] {dino} out uta ave .70, +.12
[14:28] {dino} back in 30
[14:28] {Les} yeh, but this is smallest bounce yet on seed in last hour. looking for a possible 10 cent drop opp.
[14:31] {RonS} Vad, M staging for a late day run?
[14:31] {Threei} VXX new lows, believe it or not
[14:32] {Les} oh well, vxx didn't make 1:1
[14:33] {jfjf64} vad you here someone talkin
[14:33] {jfjf64} sounded lk les
[14:33] {Les} yes jf. vad is "here" and someone is talking
[14:34] {Les} god I must be bored
[14:34] {jfjf64} piss off les
[14:34] {Threei} yes jf but I am still not cutting'em off... jujst not my kind of joy
[14:34] {Les} ;)
[14:35] {jfjf64} lol
[14:37] {Threei} CRYP Signs a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta Ltd (update)
[14:37] {Threei} - The agreement covers a suite of CryptoLogic's top slot games to be launched on Betsson's websites . One game has already gone live on CasinoEuro and the remainder are scheduled for roll-out across the three brands later this year. The deal will provide CryptoLogic with recurring revenue based on wagers placed by Betsson's customers.
[14:38] {Les} oh Nemo, remember how I said that Waltz got a Brit award?
[14:38] {Les} What did you say?
[14:38] {Les} BFD, was it?
[14:38] {nemo} maybe...not that memorable a moment
[14:39] {Les} well Waltz's performance was and it's great to see Hollywood give him the recognition
[14:40] {Threei} I was really glad to see Bridges recognized
[14:40] {Threei} his Dude is absolutely brilliant
[14:40] {nemo} yeah, that was great...
[14:40] {Threei} in Big Lebowski
[14:40] {Les} saw his face. was it a movie, or a lifetime achievement award?
[14:40] {nemo} movie
[14:41] {Les} name?
[14:41] {nemo} RIMM did the big rinse on people's stops
[14:41] {nemo} going higher
[14:41] {strider} surprise, surprise.
[14:41] {nemo} Crazy Heart was the movie
[14:42] {strider} haven't seen it.
[14:44] {Les} is there something Taoist in the Dude's behaviour Vad?
[14:44] {nemo} he follows his nature
[14:44] {Les} in Big Lebowski
[14:44] {Les} he just "is"
[14:44] {nemo} we all "are" Les
[14:44] {Threei} rather Zen
[14:45] {Les} thinking about that film, it is a rather unusual character
[14:45] {nemo} yeah, he's pretty devoid
[14:48] {Threei} mama mia
[14:48] {Threei} listen to CNN
[14:48] {nemo} what?
[14:49] {Threei} nah, you gotta hear that
[14:49] {Threei} lemme see if it's on the web somwhere
[14:49] {nemo} just give me the cliff notes
[14:51] {Les} CNN doesn't make it easy to find live TV on their website
[14:53] {Threei} Eric Massa, Dem Congresamn
[14:54] {nemo} about Rahm in the shower?
[14:54] {Threei} ye
[14:54] {Threei} s
[14:54] {Threei} first I heard about it
[14:54] {Threei} sheesh
[14:54] {nemo} been on Drudge since this morning
[14:57] {Les} another congressman resigning?
[14:57] {Les} they could soon close congress as an efficiency measure...
[14:58] {Les} no need to keep lights on empty office building
[15:00] {jfjf64} good night all
[15:00] {Les} ciao
[15:01] {Threei} BLDP To Receive $6.2M in DOE Funding to Advance Non-Automotive Fuel Cell Commercialization (2.47, +0.18, 7.86%)
[15:01] {Threei} take care jf
[15:05] {Threei} SEED did break down
[15:07] {Les} course it did
[15:13] {dino} .
[15:13] {Les} Nemo, which movie?:
[15:14] {nemo} what?
[15:14] {Les} this is a shotgun sol... It's a %ucking anti-aircraft gun vincent
[15:14] {nemo} sorry...not triggering right now...although reminds me of a Rutger Hauer movie
[15:15] {Les} well it ain't blade runner
[15:15] {nemo} no, it was a movie set in England
[15:15] {Les} in the quiet words of the virgin mary... come again?
[15:15] {strider} I think it's in 'Song of the South.'
[15:16] {nemo} oh wait a minute
[15:17] {Les} protection from what? - zee Germans?
[15:17] {nemo} what was the name of Brad Pitt's character in that Ritchie movie
[15:17] {nemo} I saw it a couple of weeks ago
[15:17] {Les} that %ucking pickey
[15:17] {Les} mickey, I think it was
[15:17] {nemo} actually couldn't understand a thing he said
[15:17] {Les} language coach did a good job on him
[15:17] {nemo} bloody poms
[15:18] {Les} ah they make good actors
[15:18] {Les} even if its a yank pretending to be one
[15:18] {nemo} yeah...but boy are there a lot of brits pretending to be yanks
[15:18] {nemo} Oh by the way, met that Hugo Weaving guy at a birthday party in Sydney...quiet fellow
[15:20] {nemo} anybody for fcxy if it holds .65 and breaks .73 or so?
[15:20] {Les} seed again
[15:25] {strider} Any news on DRYS?
[15:25] {strider} none here.
[15:26] {Threei} two things we missed:
[15:26] {Threei} ENER, 8 break
[15:26] {Threei} grrr
[15:26] {Threei} and TEAR, no idea what the deuce there
[15:27] {Threei} anyone sees any news on it?
[15:29] {strider} not here.
[15:29] {strider} anyth9ng on DRYS, vad?
[15:29] {Threei} no
[15:29] {fernp} Good evening everybody. See you all tomorrow.
[15:29] {Threei} takeover chatter early in the morning
[15:29] {Threei} take care fern
[15:31] {dino} cya
[15:33] {strider} See you all in the morning. 5 days green in a row....only slightly, but it's a record.
[15:33] {Les} gj
[15:33] {Les} ciao
[15:35] {lasertrev} later strider
[15:35] {Threei} take care strider
[15:35] {strider} :)
[15:36] {Les} yeh will take the extra 30 mins. sleep tonight myself. c u's tomorrow.
[15:41] {Threei} TEAR, fine, I wouldn't go for this thing anyway
[15:41] {Threei} but ENER, I did keep an eye on it
[15:41] {Threei} too bad missed it
[15:41] {Threei} 8 break was solid setup
[15:47] {dino} later strider, les
[15:49] {Threei} today's raneg is 1/3 of Friday's
[15:50] {Threei} range
[15:50] {Threei} and it's not like Friday was particularly wide, lol
[15:51] {dino} too tight
[15:53] {dino} out cfi .845 ave, +.134 all dayer
[15:53] {Threei} calm before the storm
[15:55] {dino} crack you up, 60 degrees f here
[15:56] {Threei} finally global warming?
[15:56] {Threei} viva al gore?
[15:56] {dino} lol
[15:56] {dino} go from 3' of snow 10 days ago
[15:57] {Threei} Market Internals update at 3:30pmET
[15:57] {Threei} - NYSE volume 645M shares, about 19% below its three-month average; advancers lead decliners by 1.2:1.
[15:57] {Threei} - NASDAQ volume 1.81B shares, about 3% above its three-month average; advancers lead decliners by 1.1:1.
[15:57] {Threei} - VIX index +1.5% to just over 17.50
[15:59] {dino} well, it was profitable, but extremely boring
[16:00] {Threei} second that
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {nemo} bye
Session Time: Mon Mar 08 00:00:00 2010
[08:13] {Threei} RF Micro Devices, Inc. Guides Q2 $0.11-0.12 v $0.10e; R $240-245M v $232Me
[08:13] {Threei} - RFMD is experiencing broad-based strength in its core business this quarter, with current customer demand significantly outpacing original expectations in both the cellular products group and multi-market products group. RFMD is seeing particular strength in China and Korea and expects continued market share gains across leading cellular baseband providers and handset manufacturers this calendar year.
[08:31] {Threei} [EBIX] Reports Q4 $0.92 v $0.27e, R$31.3M v $30Me
[08:32] {Threei} LIOX Awarded Contract by Department of Homeland Security for Over the Phone Interpretation Services
[08:32] {Threei} - Expects Contract to Generate Approximately $7 Million
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:56] {Threei} FDIC's Bair: Evaluating many options with regards to GSEs; could nationalize FNM, FRE or remove them entirely (related FNM FRE )
[09:01] {Threei} NKTR Announces Positive Phase 2 Clinical Data from First Stage of NKTR-102 Study in Women with Platinum-Resistant Ovarian Cancer (14.94, 0.00, 0.00%)
06[09:12] * nemo slaps Les around a bit with a large trout
[09:13] {Threei} I giess that was as close to good morning in nemo's terms as it gets
[09:13] {nemo} hehehehe
[09:13] {Les} noticed difficulty crowd here has facing monday mornings. I feel like that too in the morn...
[09:13] {Les} but now I'm on to my first beer for the week
[09:14] {Les} everythings fine now
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:15] {nemo} There he is...Mr. Obscene Profits
[09:16] {nemo} geez...what got into Rimm this morning
[09:16] {Les} morning guvernors
[09:16] {Threei} Les :)
[09:16] {Threei} RIMM BMO Capital Markets Raised RIMM to Outperform from Market Perform, price target: $88
[09:18] {RonS} gmorning all. check SEED
[09:18] {Threei} Ron :)
[09:18] {nemo} bull flag
[09:18] {dino} already see'd it
[09:18] {dino} :)
[09:18] {Threei} no news SEED that I see
[09:19] {Les} http://uploads.mibbit.com/ELcpXT.jpg
[09:19] {Les} Uni has begun. table back to normal now.
[09:19] {Les} vad would be proud
[09:19] {Threei} much better
[09:19] {nemo} literature and what f-18s?
[09:19] {jfjf64} mornin
[09:19] {Threei} jf :)
[09:20] {Les} jf
[09:20] {Les} sure. one perk of being a grunt was getting close to noisy fast jets
[09:20] {dino} prem brand pesticide, developes strayegic business
[09:21] {billyc} gm everyone
[09:21] {Les} billy
[09:21] {billyc} hey les
[09:22] {Les} AIG is perking up. asset sale equals higher stock price...
[09:22] {Threei} billy :)
[09:22] {billyc} vad
[09:22] {lasertrev} morning
[09:22] {Threei} so far on radar:
[09:22] {Threei} RFMD, SEED, AIG
[09:22] {Threei} trev :)
[09:23] {strider} Morning folken
[09:23] {Threei} strider :)
[09:23] {Threei} NKTR
[09:23] {strider} :)
[09:23] {nemo} hgsi
[09:24] {nemo} very near 52 week high
[09:29] {nemo} then drops .50 cents
[09:29] {dino} ttm
[09:32] {dino} ssp?
[09:32] {Threei} no fresh news
[09:33] {dino} volc gap around22
[09:33] {Les} AIG on this pullback?
[09:33] {Threei} AIG, watching for long on pullback, under .50
[09:35] {Threei} jump right out of the gate everywhere, no chance for entry
[09:36] {Threei} watching SEDD on pullback
[09:36] {Threei} SEED
[09:36] {Threei} under .60
[09:36] {Threei} half lot
[09:36] {dino} tnh
[09:37] {Threei} DRYS Hearing early strength being attributed to takeover chatter (5.79, +0.13, 2.30%)
[09:38] {Threei} AIG momo
[09:38] {fernp} hgsi, Vad?
[09:39] {Threei} .80 break half lot, wrth a try
[09:39] {Threei} stop under .60
[09:39] {fernp} yeah
[09:39] {Threei} for pesky scalpers .70
[09:39] {Threei} easy to get shaken out though
[09:39] {Threei} ok AIG, should dive now
[09:40] {Threei} keep half lot ready
[09:41] {Threei} one more leg
[09:41] {Threei} .50 break
[09:41] {Threei} .35 stop
[09:42] {Threei} 1:1
[09:42] {nemo} too quick for me
[09:42] {dino} ncs reverse 1/5
[09:42] {Threei} second chance
[09:43] {Threei} stop under .40 this time
[09:43] {Threei} 1:1
[09:44] {Threei} not going for third
[09:46] {Threei} Long Setup: VXX .77
[09:46] {Threei} if stays above .70
[09:46] {dino} lol scok -5
[09:47] {Threei} CSIQ Ticks higher on vague takeover chatter (21.51, -0.02, -0.09%)
[09:48] {dino} schl
[09:48] {nemo} 1/2 out .84
[09:48] {nemo} ty
[09:48] {Threei} yw
[09:49] {jfjf64} tck any read pullbk
[09:50] {dino} gj
[09:50] {Threei} a tad more, IMO
[09:50] {Threei} .40 break now
[09:50] {Threei} if holding .30
[09:50] {nemo} stop on vxx .75 now?
[09:51] {Threei} and then every 10 cents if losing it, same setup
[09:51] {Threei} yes nemo
[09:51] {dino} schl sm l .51
[09:51] {Threei} offer 1/4 more at .93 - .93
[09:51] {Threei} .92 - .93
[09:51] {dino} stop .19
[09:51] {dino} cresy?
[09:52] {Threei} no news
[09:52] {dino} ncs would think short off reverse 1/5 split
[09:52] {dino} nor here cresy
[09:53] {Threei} if you took .30 recross on TCK you have 1:1 here at least
[09:54] {jfjf64} ty
[09:54] {Threei} I say at least because with such entry stop would be under .25
[09:54] {Threei} VXX, ready for the next leg or for shakeout
[09:54] {Threei} we will know which it is very soon
[09:54] {Threei} IMO, next leg up
[09:56] {Threei} Long Setup: AIG .50 break
[09:56] {Threei} half lot
[09:56] {Threei} stop under .35
[09:57] {RonS} IMAX for a bounce w/ 14.20 sl?
[09:58] {Threei} I'd prefer it lower...
[09:58] {Threei} this entry is likely to be more struggle than I'd like
[09:58] {dino} lod
[09:59] {Threei} VXX second target hit, 1/4 more out
[10:00] {nemo} ty
[10:00] {Threei} stop is still .75 for the last piece
[10:00] {Threei} target is above 24
[10:01] {dino} gj
[10:02] {Threei} (US) Fed to expand number of firms participating in reverse repo facility; warns no inferences should be drawn regarding monetary policy
[10:02] {Threei} - The New York Fed requires firms having net assets of no less than $20B for six consecutive months prior to applying as a reverse repo counterparty.
[10:02] {Threei} - Additional counterparties for reverse repos program will not be eligible to participate in other transactions conducted by the New York Fed.
[10:03] {Les} spot gold just took a good dumping.miners are a short now... maybe
[10:03] {Threei} AIG 1:1
[10:05] {strider} AMAT dbl bottom
[10:05] {Threei} hmm
[10:05] {Threei} looks more like breakdown to me
[10:06] {strider} could be.
[10:06] {nemo} RIMM DT?
[10:06] {dino} cfi hl l .71
[10:07] {Threei} not clear yet on RIMM
[10:07] {nemo} classic dino
[10:08] {dino} uta
[10:09] {nemo} Great...got BJ Thomas going through my head
[10:09] {dino} rimm toughie for me nemo, staying away
[10:09] {nemo} wouldn't expect you would
[10:09] {Les} AUY .28 B/D? type 1
[10:09] {nemo} I mean't cfi Dino
[10:10] {Threei} .40 breakdown was much cleaner setup on AUY
[10:10] {Threei} now I'd rather try on bounces
[10:10] {Les} ok. wind back the tape for me mistro
[10:10] {Les} :)
[10:10] {dino} ok nemo
[10:11] {nemo} aig .50 bd on big bid breakdown
[10:11] {Threei} VXX last part is closed
[10:11] {Threei} no complaints here
[10:11] {nemo} aig look .60 break?
[10:12] {Threei} not sure
[10:12] {nemo} 50/49?
[10:12] {nemo} 51/49?
[10:12] {Threei} not sure even about that
[10:12] {nemo} ahhh, the old definite maybe
[10:12] {Threei} right, and very uncertain
[10:13] {Les} sxci
[10:13] {Threei} 4 for 4 so far
[10:13] {Threei} this is Monday for crisssakes... let's go home
[10:14] {Les} someone rolls out the wrong side of bed monday...
[10:14] {Threei} watching SEED
[10:15] {Threei} not sure for what but something should shape up
[10:15] {Les} TIVO 17?
[10:16] {Threei} nah
[10:16] {Threei} TIVO is out of gas and goes through the resting period
[10:16] {Threei} it will become a player again
[10:16] {Les} might try a .90 b/d on it then
[10:16] {Threei} but until it does, it will be pretty random
[10:18] {RonS} Vad , is CMRG too thin and tight to play?
[10:19] {Threei} trades by appointment...
[10:19] {Threei} I am not a big fun of thesde
[10:19] {dino} fdx sm l .50
[10:19] {RonS} tx
[10:19] {nemo} aig on steady trajectory
[10:21] {RonS} GS strength could be playing into AIG...
[10:22] {nemo} rimm break
[10:25] {Threei} wow
[10:25] {nemo} rimm?
[10:25] {dino} bcsi
[10:25] {Threei} yeah
[10:28] {Threei} just when I hought of .40 break on SEED for short, it went down so fast, I was hesitant to try it on a bounce
[10:31] {Threei} oh boy
[10:31] {Threei} this is total classic
[10:31] {Threei} dino, you are going to love it
[10:31] {Threei} (GR) Greece PM: Must have clear rules on shorts, naked shorts, and credit default swpas; G20 should take a look at speculators
[10:31] {Threei} this is who is to balme! get'em!
[10:31] {Les} software issues today. can only buy in 1's and 2's and slowly at that. will try again towards closing.
[10:31] {Threei} where is tar and feathers
[10:32] {Les} yeh, Sarkozy is jawing off at speculators
[10:32] {Threei} OK, SEED
[10:32] {Threei} IMO, short into this bounce
[10:32] {Threei} ideally, going over .40,
[10:32] {Threei} staying under .50,
[10:32] {Threei} then breaking down .40 again
[10:33] {nemo} or break of .37
[10:33] {nemo} .40 is where it opened
[10:33] {Threei} with 4-5 cets stop?
[10:33] {nemo} well .44
[10:33] {nemo} in
[10:34] {nemo} damn qs onna bounce here
[10:35] {Threei} so far so good
[10:36] {Threei} 1:1
[10:36] {nemo} ty
[10:36] {Threei} your entry
[10:36] {Threei} mine was only the general idea
[10:36] {nemo} oh
[10:36] {nemo} hehehe
[10:36] {Threei} this is kind of risk based setup
[10:37] {Threei} worth trying on risk being so small, even 50/50 is good enough
[10:41] {dino} vad dcc please
[10:46] {magoo} weird..im in
[10:46] {nemo} ?
[10:46] {Threei} what's so weird about it?
[10:46] {nemo} seed?
[10:46] {Threei} SEED lost readability
[10:46] {nemo} what's he in?
[10:47] {nemo} What do they say about shorting a dull market?
[10:47] {magoo} when i logged in it says evaluation period has expired...u know there usually are days in there like 76 until
[10:48] {magoo} and vad, u last time klike added it to 350 days
[10:48] {Threei} I don't even know where you tried to login
[10:48] {Threei} are you talking about room or scanner?
[10:48] {magoo} THIS ROOM
[10:48] {Threei} I added days to your scanner,
[10:48] {RonS} IMAX read?
[10:48] {Threei} room doesn't expire
[10:49] {magoo} hmmm..realy..ok
[10:49] {Threei} IMAX is toughie... I believe it's not over, should make new highs,
[10:49] {Threei} but read on it is not an easy thing
[10:49] {Threei} it rarely forms clean consolidations
[10:50] {Threei} mags, you haven't even tried to login to this room before this one and sucessful try... I don't know what door you knocked on, lol
[10:51] {magoo} im lost i guess (sigh..again)
[10:52] {Threei} oh boy
[10:52] {Threei} ECB's Stark: A European IMF style institution would be against the rules of the EMU; could create false incentives and place burden on some countries
[10:52] {Threei} - highlights that the fund would allow countries with weak finances to continue poor policies
[10:52] {Threei} - creation of such a fund could harm the acceptance of the Euro
[10:52] {Threei} - feels reforms of stability adn growth agreements is the better way forward, with penalties for countries who break deficit rules
[10:52] {Threei} - Note: German Fin Min over the weekend called for the establishment of a European IMF style organizatio
[10:52] {Threei} germany called to establish that??
[10:53] {Threei} last country I'd expect to want that
[10:53] {Threei} mags, your scanner is OK?
[10:55] {jfjf64} rimm monster
[10:56] {magoo} yea..im sorry vad, i dont know what happened just thgen
[10:56] {Threei} no problem
[10:58] {Les} TIVO
[11:02] {magoo} rimm strong today, news?
[11:02] {fernp} VXX .60 b/d, vad?
[11:02] {nemo} upgrade
[11:02] {magoo} ah.ty
[11:02] {magoo} its been a dog lately
[11:03] {Threei} I am hesitant to use VXX as market upward vehicle, fern
[11:03] {Threei} playing it long when market reverses, yes
[11:03] {nemo} over 72 I think you'll see it in play mags
[11:03] {Threei} short when market advances, less and less liking risk reward on that
[11:03] {fernp} ah!! ok ty
[11:03] {nemo} I hesitated on the .85 break
[11:06] {Threei} look at SPY range
[11:07] {Threei} how did we manage to find what we did, lol
[11:08] {nemo} wonder if rimm bolts if it breaks 73
[11:08] {Threei} most likely
[11:08] {magoo} dunno..its already up huge
[11:09] {magoo} really only like if pulls back
[11:10] {magoo} and it may not
[11:10] {Threei} this is one of those mags... "I'll just go up and up while ya'll say Can't believe it"
[11:11] {Threei} "and when you finally can't stand the pain of being left out and jump in, that's when I reverse"
[11:12] {nemo} it's a relatively sustainable rise no real euphoria
[11:12] {strider} TM
[11:16] {dino} stuck in a tight range again
[11:18] {nemo} fcx bounce area
[11:21] {dino} out fdx flat
[11:25] {Threei} larisa is not here, so:
[11:25] {Threei} guess who is coming on TV
[11:27] {magoo} dennis rodman?
[11:27] {nemo} original
[11:29] {dino} braney frank
[11:29] {RonS} Rodman quote (after breaking fro Carmen Elecktra): There is not a beautiful woman in the world who has some guy, somewhere thanking God he's away from her".
[11:29] {magoo} imagine if obamanation started getting piercings and tats lol
[11:30] {dino} and frank standing behind him
[11:30] {nemo} hahahaha
[11:31] {Threei} rofl
[11:31] {Threei} you guys
[11:32] {Threei} market is trying to break down
[11:33] {magoo} if so rimm could be a short scalp opportunity
[11:34] {Threei} I'd be hesitant to buy VXX break of .80, but quick pullback to or under .70, I will be interested
[11:34] {Threei} .60 break though, I regret ignoring
[11:34] {RonS} rimm has been acting on its own...
[11:36] {nemo} FAS could be long here
[11:36] {nemo} maybe a little pullback. to .95 would set up IH&S
[11:38] {Threei} IUSA Confirms to be acquired by CCMP capital; at $8.00/shr in cash (8.16, 0.00, 0.00%)
[11:38] {Threei} takeunder, eh
[11:38] {Threei} OK VXX
[11:38] {Threei} .70 break worth trying
[11:38] {Threei} scalping stop .65, day trading .60
[11:41] {Threei} change to aggressive entry
[11:42] {Threei} recross .60
[11:42] {Threei} .55 stop
[11:42] {magoo} in .63
[11:42] {Threei} getting slow mags... .61 was easily available
[11:43] {magoo} agree
[11:43] {Threei} I can't watch this indoctrination
[11:44] {Threei} "we are told market forces should take care of costs, well, we tried that, it doesn't work"
[11:45] {Threei} students applaud
[11:47] {dino} cohn
[11:49] {Threei} market can't decide whether to break down or return into range
[11:50] {nemo} cat looking breakdownish
[12:01] {Threei} 1:1
[12:01] {magoo} u taking thast?
[12:01] {Threei} half
[12:02] {magoo} how many u got?
[12:02] {Threei} still trying to push for bigger breakdown
[12:02] {Threei} with 6 cents stop, a lot
[12:03] {dino} l cohn.50
[12:04] {Les} TIVO 17 b/d?
[12:04] {Les} forget it, i remember
[12:06] {Threei} no chance for second half still
[12:06] {dino} cohn stop is .31
[12:06] {dino} brb
[12:08] {Threei} my mind is occupied by an issue of a great importance: can I count SEED short that nemo took as a call or not
[12:08] {nemo} I 1:1 that
[12:09] {Threei} I mean, I called aan idea, not exact entry
[12:09] {Threei} entry you found yourself
[12:09] {nemo} call it a 1/2
[12:09] {Threei} cool
[12:09] {Threei} 51/2 for 51/2
[12:09] {nemo} fas looking weak
[12:10] {Les} long a speculative 2 shares in sxci .53
[12:10] {nemo} ?
[12:11] {Les} you talking to me?
[12:11] {nemo} yeah Bob
[12:12] {Les} sim trade software stuffed. 2 shares instead of 200. will play game accordingly
[12:12] {nemo} ahh
[12:19] {dino} tnh what the ?
[12:22] {Les} sxci stopped
[12:28] {Les} dino what's your watch list today please?
[12:33] {dino} not much aside from normals, schl, volc (missed), uta, cohn
[12:37] {nemo} rimm interesting here...been bouncing off the 50, upon which it currently sits
[12:54] {dino} uta .58 l
[12:54] {dino} stop .48
[13:08] {nemo} AWIAV?
[13:08] {Threei} coma
[13:08] {Threei} SVNT On track to file Krystexxa resubmission this month (14.06, +0.12, 0.86%)
[13:09] {Threei} Sees US approval in Sept and product roll out in Q4 2010.
[13:09] {Threei} - European filings planned later this year.
[13:17] {Threei} anyone gets feeling we will see considerable market surge later in the day?
[13:18] {nemo} yep
[13:18] {nemo} after friday, it makes sense for a bit of quiet
[13:19] {Les} saw V for Vendetta over weekend. pretty good.
[13:21] {nemo} Yawn
[13:37] {nemo} Rimm's 4th attempt at this level
[13:37] {nemo} FCX breaking 81
[13:44] {dino} fsys
[14:01] {Threei} (US) US Rep Frank sends letter to top 4 US banks, requests them write down second lien mortgages
[14:01] {Threei} - sees mortgages having no real value; and are an obstacle in many loan modifications
[14:01] {Threei} lol
[14:02] {dino} he really doesn't understand too much
[14:03] {Threei} but he finds great consolation in the fact that he is not alone
[14:03] {nemo} Well...he's probably thinking if the house isn't worth the 1st mortgage, they've got no chance, so just write it own
[14:04] {Threei} and leave current occupant who can't pay mortgage to own it?
[14:04] {Threei} next thing you know 99% of USA who CAN pay mortgage, do not
[14:05] {dino} i'm sure the stock and bondholders think they are valuable
[14:05] {Threei} your beloved bank goes out of business
[14:05] {Threei} and evryone's happy
[14:05] {Threei} homeowners have their houses and no mortgage,
[14:05] {Threei} bank so widely hated by everyone is no more
[14:06] {Threei} there... all problems solved
[14:06] {Les} you go cap in hand to washington for loan following this, do you?
[14:06] {Threei} well, there are some little details
[14:06] {Threei} like, no bank to go for a loan anymore,
[14:06] {Threei} but who cares - we don't pay down our cars anymore either
[14:07] {Threei} or any other kind of loans
[14:17] {Les} vxx to bounce back here? .40 break?
[14:18] {Threei} well
[14:18] {Threei} it's a vaalid try
[14:18] {Threei} just view it as a "try"
[14:18] {Les} I can't, but if SPY continues to fall here
[14:18] {Les} maybe valid play
[14:18] {Threei} why can't?
[14:18] {Les} software
[14:19] {Threei} oh
[14:20] {Les} I can buy one or two shares at excruciating slow pace, but would rather bang my head against wall.
[14:21] {Les} c'mon Nemo, there's a line in there just tailored for your response...
[14:21] {Les} talk about dull way to begin the week
06[14:21] * nemo slaps Les around a bit with a large piece of gypsum drywall
[14:21] {nemo} yeah...
[14:22] {nemo} happy?
[14:22] {Les} is that poisoned chinese drywall, or real american stuff?
[14:22] {Threei} dull way?
[14:22] {nemo} Buffett's company
[14:22] {Threei} frikin 5 for 5
[14:22] {Threei} plus half
[14:22] {Threei} what am I, a firework master?
[14:23] {nemo} ?
[14:23] {magoo} no, a crazy ivan :)
[14:23] {Threei} ah
[14:23] {Les} oh well you're sitting on profits, good and happy, where's the asylum talk we've come to value?
[14:23] {Threei} http://realitytrader.com/vad/CrazyRussian.bmp
[14:24] {jfjf64} un grateful
[14:24] {Les} piss off jf
[14:24] {jfjf64} cut em off vad
[14:24] {Les} :P
[14:24] {Threei} his wife might object...
[14:25] {Les} seed might be ready for more important breakdown. small bounce here at .30
[14:25] {Threei} don't forget to view these up and down moves for what they are, scale wise
[14:26] {Threei} they look menaingful only within the range
[14:26] {Threei} but the range itself is so narrow, they do not mean anything
[14:26] {Threei} just a little noise
[14:27] {dino} out uta ave .70, +.12
[14:28] {dino} back in 30
[14:28] {Les} yeh, but this is smallest bounce yet on seed in last hour. looking for a possible 10 cent drop opp.
[14:31] {RonS} Vad, M staging for a late day run?
[14:31] {Threei} VXX new lows, believe it or not
[14:32] {Les} oh well, vxx didn't make 1:1
[14:33] {jfjf64} vad you here someone talkin
[14:33] {jfjf64} sounded lk les
[14:33] {Les} yes jf. vad is "here" and someone is talking
[14:34] {Les} god I must be bored
[14:34] {jfjf64} piss off les
[14:34] {Threei} yes jf but I am still not cutting'em off... jujst not my kind of joy
[14:34] {Les} ;)
[14:35] {jfjf64} lol
[14:37] {Threei} CRYP Signs a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta Ltd (update)
[14:37] {Threei} - The agreement covers a suite of CryptoLogic's top slot games to be launched on Betsson's websites . One game has already gone live on CasinoEuro and the remainder are scheduled for roll-out across the three brands later this year. The deal will provide CryptoLogic with recurring revenue based on wagers placed by Betsson's customers.
[14:38] {Les} oh Nemo, remember how I said that Waltz got a Brit award?
[14:38] {Les} What did you say?
[14:38] {Les} BFD, was it?
[14:38] {nemo} maybe...not that memorable a moment
[14:39] {Les} well Waltz's performance was and it's great to see Hollywood give him the recognition
[14:40] {Threei} I was really glad to see Bridges recognized
[14:40] {Threei} his Dude is absolutely brilliant
[14:40] {nemo} yeah, that was great...
[14:40] {Threei} in Big Lebowski
[14:40] {Les} saw his face. was it a movie, or a lifetime achievement award?
[14:40] {nemo} movie
[14:41] {Les} name?
[14:41] {nemo} RIMM did the big rinse on people's stops
[14:41] {nemo} going higher
[14:41] {strider} surprise, surprise.
[14:41] {nemo} Crazy Heart was the movie
[14:42] {strider} haven't seen it.
[14:44] {Les} is there something Taoist in the Dude's behaviour Vad?
[14:44] {nemo} he follows his nature
[14:44] {Les} in Big Lebowski
[14:44] {Les} he just "is"
[14:44] {nemo} we all "are" Les
[14:44] {Threei} rather Zen
[14:45] {Les} thinking about that film, it is a rather unusual character
[14:45] {nemo} yeah, he's pretty devoid
[14:48] {Threei} mama mia
[14:48] {Threei} listen to CNN
[14:48] {nemo} what?
[14:49] {Threei} nah, you gotta hear that
[14:49] {Threei} lemme see if it's on the web somwhere
[14:49] {nemo} just give me the cliff notes
[14:51] {Les} CNN doesn't make it easy to find live TV on their website
[14:53] {Threei} Eric Massa, Dem Congresamn
[14:54] {nemo} about Rahm in the shower?
[14:54] {Threei} ye
[14:54] {Threei} s
[14:54] {Threei} first I heard about it
[14:54] {Threei} sheesh
[14:54] {nemo} been on Drudge since this morning
[14:57] {Les} another congressman resigning?
[14:57] {Les} they could soon close congress as an efficiency measure...
[14:58] {Les} no need to keep lights on empty office building
[15:00] {jfjf64} good night all
[15:00] {Les} ciao
[15:01] {Threei} BLDP To Receive $6.2M in DOE Funding to Advance Non-Automotive Fuel Cell Commercialization (2.47, +0.18, 7.86%)
[15:01] {Threei} take care jf
[15:05] {Threei} SEED did break down
[15:07] {Les} course it did
[15:13] {dino} .
[15:13] {Les} Nemo, which movie?:
[15:14] {nemo} what?
[15:14] {Les} this is a shotgun sol... It's a %ucking anti-aircraft gun vincent
[15:14] {nemo} sorry...not triggering right now...although reminds me of a Rutger Hauer movie
[15:15] {Les} well it ain't blade runner
[15:15] {nemo} no, it was a movie set in England
[15:15] {Les} in the quiet words of the virgin mary... come again?
[15:15] {strider} I think it's in 'Song of the South.'
[15:16] {nemo} oh wait a minute
[15:17] {Les} protection from what? - zee Germans?
[15:17] {nemo} what was the name of Brad Pitt's character in that Ritchie movie
[15:17] {nemo} I saw it a couple of weeks ago
[15:17] {Les} that %ucking pickey
[15:17] {Les} mickey, I think it was
[15:17] {nemo} actually couldn't understand a thing he said
[15:17] {Les} language coach did a good job on him
[15:17] {nemo} bloody poms
[15:18] {Les} ah they make good actors
[15:18] {Les} even if its a yank pretending to be one
[15:18] {nemo} yeah...but boy are there a lot of brits pretending to be yanks
[15:18] {nemo} Oh by the way, met that Hugo Weaving guy at a birthday party in Sydney...quiet fellow
[15:20] {nemo} anybody for fcxy if it holds .65 and breaks .73 or so?
[15:20] {Les} seed again
[15:25] {strider} Any news on DRYS?
[15:25] {strider} none here.
[15:26] {Threei} two things we missed:
[15:26] {Threei} ENER, 8 break
[15:26] {Threei} grrr
[15:26] {Threei} and TEAR, no idea what the deuce there
[15:27] {Threei} anyone sees any news on it?
[15:29] {strider} not here.
[15:29] {strider} anyth9ng on DRYS, vad?
[15:29] {Threei} no
[15:29] {fernp} Good evening everybody. See you all tomorrow.
[15:29] {Threei} takeover chatter early in the morning
[15:29] {Threei} take care fern
[15:31] {dino} cya
[15:33] {strider} See you all in the morning. 5 days green in a row....only slightly, but it's a record.
[15:33] {Les} gj
[15:33] {Les} ciao
[15:35] {lasertrev} later strider
[15:35] {Threei} take care strider
[15:35] {strider} :)
[15:36] {Les} yeh will take the extra 30 mins. sleep tonight myself. c u's tomorrow.
[15:41] {Threei} TEAR, fine, I wouldn't go for this thing anyway
[15:41] {Threei} but ENER, I did keep an eye on it
[15:41] {Threei} too bad missed it
[15:41] {Threei} 8 break was solid setup
[15:47] {dino} later strider, les
[15:49] {Threei} today's raneg is 1/3 of Friday's
[15:50] {Threei} range
[15:50] {Threei} and it's not like Friday was particularly wide, lol
[15:51] {dino} too tight
[15:53] {dino} out cfi .845 ave, +.134 all dayer
[15:53] {Threei} calm before the storm
[15:55] {dino} crack you up, 60 degrees f here
[15:56] {Threei} finally global warming?
[15:56] {Threei} viva al gore?
[15:56] {dino} lol
[15:56] {dino} go from 3' of snow 10 days ago
[15:57] {Threei} Market Internals update at 3:30pmET
[15:57] {Threei} - NYSE volume 645M shares, about 19% below its three-month average; advancers lead decliners by 1.2:1.
[15:57] {Threei} - NASDAQ volume 1.81B shares, about 3% above its three-month average; advancers lead decliners by 1.1:1.
[15:57] {Threei} - VIX index +1.5% to just over 17.50
[15:59] {dino} well, it was profitable, but extremely boring
[16:00] {Threei} second that
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {nemo} bye
[16:00] {lasertrev} good night all
[16:01] {dino} gn all
[16:02] {billyc} gn all
Friday, March 5, 2010
Mar 05 2010
Once again an hour of activity followed by prolonged coma. With one stop and wins on CIEN, NTAP, TIVO and VXX we finish 4th week of no single losing day. Really time to have one, just to get it out of the system.
Session Time: Fri Mar 05 00:00:00 2010
[07:55] {nemo} morning gentlemen
[08:16] {Raven} gentlemen?
[08:16] {nemo} as soon as I wrote that I thought of you as the exception
[08:17] {Raven} excellent ... thank you
[08:17] {nemo} Noble bird perhaps
[08:17] {Raven} that works
[08:27] {Threei} (US) Preview: Feb Average Hourly Earnings and Average Weekly Hours due at 08:30ET
[08:27] {Threei} - Average Hourly Earnings MoM: 0.2%e vs 0.2% last
[08:27] {Threei} - Average Weekly Hours: 33.7e v 33.9 last
[08:27] {Threei} (US) Preview: Feb Unemployment Rate data due out at 08:30ET (13:30 GMT)
[08:27] {Threei} - Consensus expectations at 9.8%e v 9.7% prior
[08:27] {Threei} US) Preview: Feb change in Nonfarm payrolls and change in manufacturing payrolls due at 08:30ET (13:30 GMT)
[08:27] {Threei} - Change in Nonfarm Payroll: -68K expected versus -22K prior
[08:28] {Threei} Euro vs US Dollar (EU) ECB's Weber: Stresses that the euro is not a "soft" currency and will not become one - Wirtschaftwoche interview
[08:28] {Threei} - Notes that the Greek situation is not a problem of the whole Euro Zone.
[08:28] {Threei} - Reiterates that price stability will remain a cornerstone of policy.
[08:28] {Threei} SP) ECB's Gonzalez-Paramo: Spanish banks in poor financial shape need to restructure
[08:28] {Threei} - Spain needs to define its deficit reduction plan.
[08:28] {Threei} - Spainish labor rules are unfair.
[08:29] {nemo} good report
[08:30] {Threei} US) FEB CHANGE IN NONFARM PAYROLLS: -36K V -68KE; CHANGE IN MANUFACTURING PAYROLLS: 1K V -15KE
[08:30] {Threei} *(US) FEB AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.2%E; AVERAGE WEEKLY HOURS: 33.8 V 33.7E
[08:30] {Threei} *(US) FEB UNEMPLOYMENT RATE: 9.7% V 9.8%E
[08:32] {nemo} I was going to take FAS on break of .40 on the report, but jumped right over it
[08:34] {Threei} TIVO will be of interest again
[08:50] {Threei} (US) PIMCO's Bill Gross: Jobs will not be added at the rate they have in the past
[08:50] {Threei} - Unemployment may rise above 10% again. US unemployment is structural.
[08:50] {Threei} - Defines the "new normal" as a three to five year outlook
[08:50] {Threei} - Believes that Greece will be bailed out one way or another
[08:50] {Threei} (US) Senator Dodd (D): Continues to be "fairly confident" the consumer protection bill will pass- CNBC
[08:50] {Threei} wasn't he the one who scrapped it?
[08:59] {Threei} (US) Senator Dodd (D): - Would prefer to avoid using reconcilliation process for healthcare reform.
[08:59] {ese} morning vad
[08:59] {Threei} ese :)
[09:00] {ese} well in 2 1/2 hrs myself and the family will be outta here on our way to Italy
[09:00] {Threei} cool beans
[09:00] {Threei} in case I fall asleep at that point, you have a safe trip and a lot of fun
[09:01] {ese} It has been very difficult to trade this week.....focus has not been what it should be
[09:01] {Threei} when are you back?
[09:01] {ese} will definitely have fun
[09:01] {ese} Mar 19th late
[09:02] {ese} have gained some maturity on this board ehhhhhh
[09:02] {ese} am not trading whne i can't completely focus on it
[09:02] {ese} when
[09:02] {Threei} :)
[09:03] {billyc} gm everyone
[09:03] {Threei} billy :)
[09:04] {billyc} hey vad
[09:07] {fernp} Good morning everybody
[09:07] {Threei} fern :)
[09:11] {Threei} GMO Announces Significant Investment from Hanlong, POSCO Commits to 20% Mt. Hope Equity Interest
[09:12] {larisa} gm :)
[09:12] {Threei} larisa :)
[09:12] {larisa} vad :)
[09:13] {dino} gm all
[09:14] {Threei} dino :)
[09:14] {dino} es, have a great time
[09:18] {Threei} GMO Reports Q4 -$0.03 v -$0.04 y/y, Rev is nil
[09:18] {Threei} how nice
[09:18] {Threei} GR) Greek Parliament passes austerity plan (as expected
[09:19] {lasertrev} morning
[09:20] {jfjf64} mornin all
[09:20] {Threei} trev, jf :)
[09:22] {gen} gm all
[09:23] {Threei} gen :)
[09:24] {Les} hello
[09:26] {Les} I said HELLO!
[09:26] {Les} :)
[09:26] {larisa} HI les :)
[09:26] {RonS} Hi Les and all
[09:26] {Les} finally. someone acknowledges my existance
[09:26] {Threei} les, ron :)
[09:26] {Les} Ron, Vad
[09:26] {Threei} not really les, we are just trying to pretend we are polite
[09:26] {Threei} (unsuccessfully, too)
[09:27] {billyc} hey les
[09:27] {dino} es, have a great time
[09:27] {Les} billy
[09:27] {Les} ese is gone?
[09:27] {dino} oh... hello les ( in my hello newman voice)
[09:27] {Threei} 09:00] {ese} well in 2 1/2 hrs myself and the family will be outta here on our way to Italy
[09:27] {Threei} rofl dino
[09:28] {Les} I'd laugh too but don't know who hello newman is
[09:28] {dino} itmn strange
[09:28] {Les} hey dino
[09:28] {nemo} phillistine
[09:28] {Threei} Seinfield reeference, Les
[09:30] {Les} ah right, think I can see who is being referred to
[09:31] {dino} tivo continues
[09:31] {Threei} Short Setup: ITMN .90 break small shares
[09:31] {Threei} grrrr!
[09:31] {Threei} late
[09:31] {dino} same idea, great minds, huh
[09:32] {Threei} InterMune, Inc. FDA Staff: One trial in Pirfenidone met primary endpoint while another did not; notes FDA usually needs more than one trial showing a drug is effective
[09:32] {Threei} this is news it popped on??
[09:32] {Threei} crap.... look at this drop
[09:33] {dino} that was my point
[09:33] {nemo} yeah too bad didn't show up earlier
[09:33] {dino} s at .50
[09:33] {nemo} that second peak at 27 and then drop...classic
[09:35] {Les} damn. doesn't wanna stop
[09:35] {Les} nice entry dino
[09:35] {dino} ty
[09:36] {dino} where to
[09:36] {Les} sxci had big pop. maybe selloff now
[09:36] {Threei} Long Setup: TIVO .65 half lot
[09:37] {Threei} if stays above .50
[09:37] {dino} sxci was up 8 or so yesterday too
[09:38] {dino} itmn cov .50 +1.00
[09:38] {larisa} gj
[09:39] {dino} ty
[09:39] {Threei} beautiful
[09:39] {Threei} no go TIVO
[09:39] {fernp} stopped
[09:39] {dino} nice sxci les
[09:40] {Threei} NUAN Heaing renewed takeover chatter circulating (15.14, +0.27, 1.82%)
[09:41] {Les} u get any of it dino?
[09:41] {dino} no itmn had me distracted'
[09:42] {dino} watching it now
[09:42] {RonS} CLF jumped to new high on big vol. Continuation if hold 60.30 Vad?
[09:43] {Threei} I think so
[09:44] {Threei} .50 break
[09:44] {dino} watch fcx on it, imo
[09:44] {nemo} if itmn doesn't hold 22
[09:44] {Threei} GERN Hearing vague takeover chatter circulating
[09:44] {Threei} - Pfizer rumored as a potential acquirer (6.29, +0.28, 4.66%)
[09:44] {dino} how do rumors get started
[09:45] {Threei} rumor bunker
[09:45] {Threei} in gossip city
[09:46] {dino} started by the jealous people
[09:46] {dino} old song
[09:49] {dino} dmnd 4.5 m sh at 37, and itv trades 39-40
[09:49] {strider} MDVN selloff.....again.
[09:49] {Threei} Long Setup: DNDN .45 break
[09:50] {Threei} Long Setup: FCX 80 break half lot
[09:50] {Threei} if stays above .85
[09:51] {larisa} 90 break?
[09:51] {Threei} ?
[09:51] {dino} trh?
[09:51] {larisa} I though .80 :)
[09:51] {dino} arst, boom
[09:51] {Threei} no, $80
[09:52] {dino} wow sxci
[09:52] {dino} 8 pts today too?
[09:53] {nemo} stop/invalidation on dndn?
[09:53] {nemo} .30?
[09:53] {Threei} for now, yes
[09:53] {Threei} but could reestablish itself
[09:53] {Threei} not off radar
[09:53] {dino} dmnd sm s .50
[09:54] {Threei} same goes for FCX
[09:55] {dino} dmnd bstop is hod
[09:55] {Threei} FCX is valid IMO
[09:56] {Threei} maybe with stop under .80 is the best way to play it
[09:56] {fernp} .85 or .80 stop now?
[09:56] {fernp} ah!! ok
[09:56] {dino} i think it was ron yesterday, 11 stocks w/15%+ moves so far
[09:57] {dino} and they say it never happens
[09:58] {Threei} VXX new 52 week low
[10:00] {dino} cov dmnd .55 -.05, not working
[10:00] {dino} boom lod
[10:00] {jfjf64} cien 15 break
[10:00] {Threei} yes
[10:01] {Threei} daily is very nice
[10:03] {jfjf64} lot shares 15
[10:03] {Threei} {CIEN} where?
[10:03] {fernp} too fast here
[10:04] {jfjf64} at em up
[10:04] {dino} dmnd tricked me
[10:04] {dino} trh hl l .00
[10:04] {Threei} get out half at least here who got it
[10:05] {jfjf64} out
[10:05] {dino} gj
[10:06] {dino} sxci sm s .00
[10:08] {Les} all out .23. ty vad
[10:08] {Threei} jf's find
[10:08] {dino} gj
[10:08] {Les} sorry jf, ty
[10:08] {jfjf64} piss off les
[10:08] {Les} morning to you too
[10:08] {jfjf64} lol
[10:08] {ese} L qqqq.,21
[10:09] {fernp} VXX, Vad?
[10:10] {Threei} breaking down obviously, lol
[10:11] {fernp} ty 1:1 VXX and 1:1 QID
[10:11] {billyc} gotta go have a great trip vad and everyone have a great weekend
[10:11] {Threei} me, trip?
[10:11] {Threei} me no go anywhere
[10:11] {ese} out qqqq .27 +.06
[10:11] {Threei} that'd be ese
[10:11] {billyc} i thought you were going to italy
[10:11] {Threei} that'd be ese
[10:12] {billyc} ok ese have a great time in italy
[10:12] {ese} yup in about an hour and a 1/2
[10:12] {dino} es have a great time
[10:12] {billyc} where do you live ese
[10:12] {Threei} (EU) EU Juncker:: Reiteraes that Greek austerity measures are a positive step
[10:12] {dino} when you get back i go golfing in myrtle beach
[10:12] {Threei} why the need to reiterate it?
[10:12] {ese} victoria British Columbia Canada
[10:13] {billyc} thats aweswome
[10:13] {ese} nice dino......i'm gonna do that with you one day
[10:13] {dino} i hope so
[10:14] {dino} out trh +.24
[10:15] {jfjf64} vad look cien charts 15.25 not bad
[10:16] {Threei} Toyota Motor Corp US House Panel reportedly requests additional information on the recalls issues
[10:16] {Threei} - notes that the recent documents provided by Toyota did not show a full investigation of possible electronic malfunctions
[10:20] {Threei} nice jf
[10:21] {Threei} told you that 15 break on daily looked very powerful
[10:22] {jfjf64} half out
[10:22] {jfjf64} stop to 35
[10:23] {Threei} Long Setup: NTAP .05
[10:24] {Les} stop .90?
[10:24] {Threei} stops are .95 for scalpers and under .90 for day traders
[10:27] {Threei} SEED
[10:27] {Threei} ITRI Hearing industry publication expects US govt to announce favorable smart grid stimulus grants within the next few weeks (70.00, +1.28, 1.86%) (related PWR CNP TLVT ELON ONNN GRID )
[10:27] {Threei} itri
[10:28] {dino} sxci stopped -.30
[10:29] {Threei} DND
[10:29] {Threei} DNDN
[10:30] {jfjf64} i missed that grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 6.9:1.
[10:30] {Threei} - NASDAQ volume 570M shares, about 12% above its three-month average; advancers lead decliners by 2.9:1.
[10:30] {Threei} - VIX index -5.5% to just over 17.50
[10:33] {nemo} .01 away from 1;1 on ntap
[10:42] {Threei} Long Setup: TIVO .40 break
[10:44] {jfjf64} stop where
[10:44] {Threei} invalidated as break
[10:44] {Threei} looking if forms another setup
[10:46] {Threei} NTAP 1:1 for scalpers
[10:46] {Threei} for all practical intents and purposes
[10:46] {Threei} stop to under 32
[10:50] {Threei} 1:1 for day traders
[10:51] {Threei} took its sweet time
[10:51] {Les} out ty
[10:51] {Threei} yw
[10:52] {Threei} who partials, stop to under b/e for the balance
[10:53] {jfjf64} get ready boys market gonna fly
[10:53] {nemo} yeah...200 point day today
[10:58] {ese} Les.........les......you there
[10:59] {Les} only in spirit
[10:59] {dino} more
[10:59] {nemo} dino ?
[11:00] {nemo} oh...never mind
[11:00] {ese} you got a contact #.......ya never know if we'll get into your neck of the woods
[11:00] {dino} lol]
[11:00] {nemo} scares me whe I understand your humor
[11:00] {Threei} lol
[11:00] {Les} dcc ese
[11:00] {ese} tks
[11:01] {Les} happy travels
[11:03] {ese} tks....got about a 1/2 hour with you lot yet
[11:05] {Les} fcx approaching 80 again
[11:05] {Les} spot gold popping
[11:06] {Threei} Homeland Security Sec Napolitano: US will install full body scanners at 11 more airports (update) (30.77, +0.49, 1.62%) (related LLL OSIS ASEI )
[11:06] {Threei} ICXT, maybe...
[11:07] {dino} tnh
[11:12] {nemo} tivo maybe .35 break
[11:14] {nemo} hehehehe
[11:14] {nemo} 1/2 out .46
[11:14] {Les} not too shabby
[11:14] {nemo} saw that big order at .35
[11:14] {jfjf64} nice nemo
[11:14] {Threei} this is new: finding time to laugh in typing while in the fast moving stock
[11:14] {nemo} if not for that huge order
[11:14] {Threei} then again, it's nemo {G}
[11:15] {nemo} broken clock
[11:15] {fernp} QID breakdown, Vad?
[11:15] {Threei} good trade though
[11:15] {nemo} still puckers me though
[11:15] {Threei} dion't know what to say fern
[11:15] {Threei} read says yes
[11:15] {Threei} inner self says don't
[11:16] {fernp} ty
[11:16] {Threei} outer self shrugs and wants to sleep
[11:16] {nemo} cmon' give me .50
[11:16] {Threei} that big order concept comes handy eh nemo
[11:16] {nemo} yes..definitely
[11:16] {nemo} 1/4 more
[11:16] {Threei} wtg
[11:17] {nemo} .60 gonna' be an issue
[11:17] {nemo} stop under .40
[11:19] {fernp} PALM valid dbi, Vad?
[11:20] {nemo} tempted to wuss out here
[11:20] {nemo} stop now under .45
[11:20] {Threei} chart wise yes,
[11:20] {jfjf64} aig bounce
[11:20] {Threei} but it tends to make its move in the morning, then stall
[11:21] {nemo} wussed on the last 1/4
[11:22] {nemo} idiot me, shoulda' gone by the BB average
[11:23] {nemo} c'mon Les, I'm leaving plenty of openings here...
[11:25] {Les} huh?
[11:26] {nemo} drinking already?
[11:26] {Les} sorry. friday arvo
[11:26] {Les} tivo looks good again for break
[11:26] {Les} say .55
06[11:26] * strider slaps nemo around a bit with a large pair of bollinger bands
[11:26] {Les} voilà! happy now?
[11:27] {nemo} Hey Hillbilly!
[11:27] {strider} hey, dud
[11:27] {strider} I mean dude
[11:27] {nemo} you were right the first time
[11:27] {strider} I know.
[11:27] {nemo} I know you know
[11:28] {nemo} Oh good, I can start self-flagellating over TIVO
[11:28] {strider} Don't forget the rocks in the shoes.
[11:29] {nemo} I use a scourge
[11:29] {strider} Ebenezer?
[11:29] {nemo} sigh
[11:29] {Threei} nice read on TIVO guys
[11:29] {nemo} broken clock
[11:34] {dino} itmn
[11:34] {nemo} short dino?
[11:35] {dino} maybe so
[11:35] {nemo} that's my read, but you've got the trend line
[11:36] {Les} think I'll call it a week. sick boy last night. slept badly.
[11:36] {Les} c u's monday
[11:36] {nemo} TFTW
[11:38] {Threei} take care Les
[11:39] {strider} The HOG that wouldn't die..
[11:39] {nemo} Hey JF...thought you said the market was going to explode?
[11:40] {nemo} itmn might get a bounce around .70
[11:40] {jfjf64} nemo piss off
[11:40] {jfjf64} lol
[11:40] {strider} jf is self-amusing
[11:41] {dino} cya les
[11:41] {dino} sidetracked nemo
[11:42] {nemo} he thinks I'm Les
[11:42] {Threei} what the deuce
[11:42] {nemo} .....that's discouraging
[11:42] {Threei} I took some ICXT for a scalp,
[11:42] {Threei} having it for sale at 7.07
[11:43] {Threei} buys go with sizes
[11:43] {Threei} 3 shares
[11:43] {Threei} 1 share
[11:43] {Threei} 8 shares
[11:43] {Threei} 11
[11:43] {Threei} 24
[11:43] {Threei} 76
[11:43] {nemo} we get it
[11:43] {Threei} who the heck trades like this?
[11:43] {nemo} hft?
[11:43] {strider} you do, now.
[11:44] {nemo} itmn riding the 50 ma
[11:44] {Threei} 16 executions for 1000 shares
[11:45] {strider} what route?
[11:45] {Threei} ISLD
[11:45] {Threei} but it doesn't matter
[11:45] {Threei} I sat at the offer
[11:45] {Threei} so whoever hit my offer could use any other route
[11:46] {strider} maybe someone was 'funnin' you. :)
[11:46] {strider} "funnin": technical term used mostly in the Appalachians.
[11:47] {Threei} for his sake I hope he has per share commissions, with no minimum
[11:47] {Threei} or that cost him small fortune in commisions to buy, lol
[11:47] {strider} I think it was les.
[11:48] {Threei} ICXT nicely climbing
[11:49] {nemo} dino...looked at another chat, that DT on itmn was around it's open
[11:49] {Threei} be back in 20
[11:50] {dino} dt?
[11:51] {nemo} double top
[11:51] {dino} ahh, yes the dreaded dt
[11:51] {nemo} were you thinking delirium tremors?
[11:51] {ese} outte here all.....take care....we'll see ya when we see ya
[11:51] {RonS} Opinons on SXCI?
[11:51] {nemo} safe trip
[11:51] {dino} defensive tackle
[11:51] {jfjf64} see ya es
[11:51] {ese} tks dude
[11:51] {dino} strong ron
[11:51] {ese} jf vad dino et al.
[11:52] {dino} have fun es
[11:52] {larisa} bye ese, have a nice trip
[11:52] {RonS} ciao ese
[11:52] {nemo} not sure it's important ron, but, I have a long term resistance line (don't know when I put it in) at 63.05 and I'm getting a short signal right now
[11:53] {RonS} ...that's what i am thinking but I usually get scorched whith these...
[11:53] {nemo} Being near lunch, it might range for a while
[11:53] {fernp} bye ese, have fun
[11:54] {dino} tnh blood
[11:57] {RonS} CIEN hype: http://blogs.barrons.com/techtraderdaily/2010/03/05/ciena-jumps-10-nortel-deal-transformative-says-cowen/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+barrons%2Ftechtraderdaily%2Ffeed+%28BARRONS.com+Blog%3A+Tech+Trader+Daily%29
[11:59] {dino} ron here i guess
[12:00] {dino} .96 sm s
[12:00] {RonS} I am waiting for an .88 break and retest
[12:01] {strider} .80 cent spread???
[12:03] {dino} on what
[12:03] {RonS} More CIEN: http://www.thestreet.com/story/10696497/1/ciena-does-about-face-options-show.html?puc=_tscrss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tsc%2Ffeeds%2Frss%2Flatest-stories+%28TheStreet.com%29
[12:03] {strider} tnh
[12:03] {strider} dino
[12:03] {nemo} nice when vad's not here
[12:03] {dino} tnh -about 20 in 5 days
[12:04] {dino} ok
[12:05] {larisa} has anyone seen Cirque du Soleil - Love in vegas?
[12:05] {nemo} you mean "live"?
[12:05] {larisa} I am not HUGE beatles fan, so worried a bit
[12:05] {larisa} yes
[12:05] {dino} not i
[12:06] {RonS} There was a report today that India may rescind an export ban due to their burgeoning rice and wheat inventory. is this taking the fertilizer stocks down?
[12:06] {nemo} no...saw them here...awesome
[12:06] {larisa} "Love" ? or another show
[12:06] {dino} ferts are up
[12:07] {nemo} another show...can't remember the name...they were just so impressive
[12:07] {larisa} thanks :)
[12:07] {RonS} Then what up with TNH?
[12:07] {dino} dk
[12:07] {dino} pot mos up big
[12:11] {Threei} 12:03] {nemo} nice when vad's not here - fun's over
[12:12] {nemo} hehehehehe
[12:15] {Threei} SSTI Hearing Dealreporter speculates that SSTI could attract another bidder (3.28, +0.06, 1.86%) (related MCHP )
[12:24] {RonS} Nuts, missed SXCI
[12:24] {dino} cov sxci ave .42, +.54
[12:25] {nemo} dion look at itmn
[12:25] {nemo} dino
[12:26] {dino} what do you see
[12:26] {nemo} regret
[12:26] {dino} i missed tnh wanted db
[12:26] {dino} lol
[12:27] {nemo} need a bridge for that spread
[12:27] {dino} nah just go small
[12:28] {nemo} would need a roid pillow for that one
[12:28] {strider} nemo, want to go in together and split a share?
[12:29] {nemo} Scares me I find that funny
[12:29] {strider} I think I'd rather trade good
[12:29] {strider} goog
[12:30] {larisa} good is good too :)
[12:30] {dino} doog
[12:33] {dino} you're a daisy if ya do
[12:33] {dino} hmmm thought vad and nemo would get that
[12:34] {strider} whoooosh!
[12:34] {strider} over my head.
[12:34] {nemo} yeah....I recognize it, not sure though...thinking Tombstone
[12:35] {dino} indeed
[12:35] {nemo} Val Kilmer written all over it
[12:35] {dino} you look like somebody just walked over your grave
[12:35] {nemo} I'll be your Huckleberry
[12:35] {nemo} Let's do this...lunger.
[12:36] {dino} the greay wyatt walks on water
[12:36] {nemo} yeah
[12:36] {dino} thats alright, i've got two guns, one for each of you
[12:37] {dino} tnh wants up imo
[12:37] {strider} Do I have to start quoting 'the holy grail'?
[12:39] {dino} enoc
[12:39] {nemo} Who elected you King
[12:39] {nemo} Thou shalt count to three
[12:39] {dino} .oo sm l tnh
[12:39] {strider} how do you know he's a king?
[12:40] {nemo} coconuts?
[12:40] {nemo} poor vad
[12:40] {strider} hasn' got sh** all over him.
[12:40] {nemo} oh yeah
[12:40] {nemo} until he got to the french knights
[12:41] {strider} could I interest you in a shrubbery?
[12:41] {nemo} Ni!
[12:42] {RonS} MON drubbed
[12:42] {nemo} why
[12:42] {Threei} (US) Rep Frank aide: Frank stands by the US govt's guarantee of GSE debt (related FRE FNM )
[12:43] {RonS} do not see anything on MON
[12:43] {nemo} mmmmhhhh...brk.b riding vwap and about to run into 200 ma
[12:45] {strider} At last, made it into the green today.
[12:45] {nemo} tivo again
[12:46] {Threei} .40 break?
[12:46] {nemo} I'm thinking that
[12:46] {nemo} tight area though
[12:47] {nemo} aig been basing for a long time too
[12:54] {dino} out .67 tnh +.67
[12:55] {nemo} .45 on tivo
[12:58] {strider} General Motors to reinstate close to 1,000 dealerships, CNBC reports
[12:58] {strider} That didn't last long.
[12:59] {nemo} federally subsidized of course
[12:59] {strider} of course
[12:59] {strider} that's only fair.
[12:59] {nemo} 1/2 out tivo .49
[12:59] {dino} gj
[13:00] {nemo} get's past this pileup at .50 could be fun
[13:00] {Threei} (GE) German Chancellor Merkel: Germany and Greece can work together during hard times, pledges that the EU will defend the stability of the euro
[13:00] {Threei} - Praises Greek parliament for passing austerity measures.
[13:00] {Threei} - Markets are gaining confidence in Greece.
[13:00] {Threei} - Confirms that Greece has not asked for aid.
[13:00] {Threei} - Two countries have agreed to work on narrowing deficits.
[13:01] {strider} Hey, that could happen.
[13:09] {nemo} waitin' at .59
[13:09] {nemo} stop under .50
[13:14] {strider} good trade, nemo.
[13:15] {nemo} now stop according to bb average
[13:15] {nemo} ty
[13:16] {nemo} out
[13:16] {dino} gj
[13:16] {nemo} smelling a double top ty
[13:16] {dino} kdl
[13:16] {dino} kndl
[13:20] {nemo} thoughts on aig vad?
[13:21] {nemo} big offer .05
[13:21] {Threei} if market resumes upward, could be
[13:21] {Threei} also LULU
[13:22] {RonS} LULU is stretching
[13:23] {nemo} crap (as Les would say) looked away from aig
[13:30] {patience} .
[13:30] {dino} zzzzzzzzzzzzzzzzz
[13:33] {Threei} can you imagine the scale of fireworks coming after such plonolged lull?
[13:34] {jfjf64} x
[13:36] {Threei} CLNE... something happens there
[13:36] {RonS} RIMM drip, drip, drip
[13:40] {strider} Gotta take this $4 to the bank....back in awhile.
[13:40] {Threei} JAZZ?
[13:56] {nemo} rimm coming into lows, might bounce
[14:00] {Threei} 3 and half hours of market being immobilized
[14:02] {dino} tell me about it
[14:04] {nemo} geez...rimm did bounce
[14:07] {Threei} sure dino
[14:07] {Threei} it's like this
[14:07] {Threei} 10:30 comes, market stops moving
06[14:07] * nemo slaps Threei around a bit with a large trout
[14:08] {Threei} sigh
[14:08] {Threei} man asked to tell him... I do... I am being obliging and accomodating...
[14:08] {Threei} why am I getting slapped
[14:08] {nemo} because you're only doing it because your bored
[14:08] {dino} slappppppppppp
[14:08] {Threei} lol
[14:09] {Threei} JAZZ again
[14:09] {Threei} XNPT Announces restructuring including workforce reductions of 50%
[14:09] {Threei} - expects to incur cash expenditures in the first half of 2010 of up to $4.2 million related to the ... (7.93, +0.06, 0.76%) more...
[14:11] {Threei} by the way, remember Les saying recently that he tried to combine dino's and my strategies?
[14:11] {Threei} I had a frightening thought that his end result would be a T-Rex with three eyes
[14:11] {nemo} that would confuse Einstein
[14:11] {Threei} what a mutant
[14:12] {nemo} yeah..hard to believe someone gave birth to Les
[14:12] {Threei} not what I meant - I'll leave you two to duke it out
[14:13] {Threei} Market Internals update at 2:00pmET
[14:13] {Threei} - NYSE volume 525M shares, about 13% below its three-month average; advancers lead decliners by 6.5:1.
[14:13] {Threei} - NASDAQ volume 1.47B shares, about 8% above its three-month average; advancers lead decliners by 3.3:1.
[14:13] {Threei} - VIX index -5.75% to just over 17.50
[14:13] {nemo} all time low is around 14 I think
[14:16] {Threei} I thought closer to 10
[14:17] {nemo} o.k
[14:27] {dino} sm l .21 tnh
[14:38] {dino} itmn
[14:39] {Threei} looks like bounce time to you?
[14:39] {dino} dadadauhuhuhuh
[14:39] {nemo} or short
[14:39] {dino} short i was thinking, break of 00
[14:39] {nemo} just ran into vwap twice and couldn't breech that earlier swing high
[14:41] {Threei} (US) Preview: Jan Consumer Credit due out at 15:00ET
[14:41] {Threei} **consensus expectation: -$4.5Be v -$1.7B prior
[14:41] {Threei} - Note: Dec was the 11th straight month of credit contraction
[14:41] {Threei} VXX new low... lol
[14:42] {nemo} that could launch the market, remember what happened last month
[14:42] {Threei} true, but I am not sure I understand this p[articular report
[14:42] {Threei} last time around reaction was against common sense
[14:42] {Threei} if I remember correct
[14:43] {Threei} ly
[14:43] {nemo} well, the contraction was much smaller than the expected contraction
[14:43] {Threei} memory fails me then
[14:44] {dino} fade the faders fade
[14:44] {Threei} well, we will know in 16 minutes
[14:44] {Threei} dino started happy hour early or what, lol
[14:44] {dino} bored out of my mind
[14:45] {Threei} I know
[14:45] {dino} dmnd hod
[14:45] {RonS} RIMM percolating
[14:45] {Threei} but I wasted abuout 30 minutes perfetcly programming Bluetooth in my new car
[14:46] {Threei} now this thing calls by voice command - when it understands my accent
[14:46] {dino} lol
[14:46] {RonS} man, that is one smart device...
[14:46] {nemo} now you just have to program it to say "Piss off"
[14:47] {Threei} not really Ron... I said "bring me some beer"... non communicado
[14:47] {RonS} ...Gordon Ramsey-style
[14:48] {Threei} this is something to be careful about nemo... each phone number has a voice-tag to it... I may use that opne for your phone number... or jf.. haven't decided yet
[14:48] {dino} visions of chilli burgers running through my mind
[14:49] {dino} itmn not dropping
[14:50] {nemo} no not with that report coming
[14:51] {Threei} let's keep VXX on the screen
[14:52] {Threei} if report sends market down, VXX will jump like anthelope that got a good squirt of turpentine up its butt
[14:53] {dino} wow
[14:53] {Threei} to refresh:
[14:53] {Threei} **consensus expectation: -$4.5Be v -$1.7B prior
[14:54] {Threei} hmmm
[14:54] {dino} market stays like this in afternoons i will need to stock up on 5 hour energy
[14:54] {nemo} take a nap at lunch
[14:55] {Threei} expectations are so stretched... hard to imagine number coming in even lower
[14:55] {Threei} as if it were pre-designed to push market up
[14:55] {nemo} funny...fas showing it wants to drop
[14:56] {Threei} after 11 straight months of contraction, is it realistic to expect -4.5B vs last reading of -1.7?
[14:56] {dino} tnh stopped -.24
[14:56] {nemo} they expected like 12 last month maybe 13
[14:57] {Threei} yes, but almost three times bigger drop vs lat month?
[14:57] {Threei} I don't remember what the Nov read was
[14:57] {Threei} so don't know how expctations compared to that
[14:58] {nemo} if credit actually expanded look out above
[14:58] {Threei} or not
[14:58] {Threei} I mean... we did rally for something, right?
[14:58] {nemo} yeah unemployment
[14:59] {Threei} getting finally credit flowing, and reversing to the downside on that would be so oefectly evilish
[14:59] {Threei} perfectly
[14:59] {nemo} not today
[14:59] {nemo} fas already taking off
[14:59] {Threei} OK... be that way
[14:59] {nemo} bet shots
[14:59] {nemo} see ya
[15:00] {Threei} *(US) JAN CONSUMER CREDIT: $5.0B V -$4.5BE
[15:00] {nemo} told ya'
[15:00] {dino} back in 10
[15:00] {nemo} 200 point day today
[15:00] {larisa} nah :)
[15:00] {nemo} o.k. lari, how much?
[15:01] {larisa} +20 max
[15:01] {larisa} but i want red
[15:01] {nemo} 20 more, or lose 100 from here
[15:01] {larisa} lol. closing +20, do not confuse me
[15:01] {Threei} full text:
[15:01] {Threei} *(US) JAN CONSUMER CREDIT: $5.0B V -$4.5BE; first increase in 12 months
[15:01] {Threei} - prior revised lower from -$1.7B to -$4.6B
[15:01] {Threei} - Revolving credit -$1.67B v -$8.5B prior (16th straight decline; longest decline on record)
[15:02] {Threei} scalped VXX on a short side from .91
[15:04] {Threei} covered a bit too soon
[15:04] {Threei} but it feels so wierd to short this
[15:04] {Threei} like stretching ovetrstreched rubber band by another couple inches
[15:10] {RonS} RUT just hit and retreated from 666
[15:11] {strider} .
[15:12] {RonS} Vad, time for some TWM?
[15:13] {Threei} .60 break...
[15:14] {Threei} maybe, desirably with little retreat first
[15:14] {Threei} so we have something close to doublre bottom
[15:18] {dino} .
[15:23] {Threei} are we reversing finally, or just a little hiccup
[15:24] {jfjf64} vxx
[15:25] {strider} got +.14 long on the VXX
[15:25] {fernp} have a nice weekend everybody. see you all on monday
[15:26] {jfjf64} later
[15:26] {Threei} good one strider
[15:26] {Threei} take care fern, have a good one
[15:30] {dino} cya fern
[15:35] {dino} gj strider
[15:35] {dino} my dial up is slow
[15:38] {Threei} lol
[15:39] {jfjf64} was wondering dino thought ya sleepin
[15:40] {dino} should be
[15:40] {jfjf64} ditto
[15:41] {Threei} no 200
[15:41] {Threei} no drop either
[15:41] {Threei} we will end up right here, lol
[15:41] {dino} trying to figure out if tnh gets some back into close
[15:41] {dino} .05 sm l
[15:42] {dino} lol
[15:42] {nemo} .35 spread oy
[15:42] {dino} wide one
[15:42] {larisa} what a market, gets to the level and just sits. lazy like vad
[15:43] {Threei} great
[15:44] {Threei} now I am a poaster boy for laziness
[15:44] {Threei} poster
[15:44] {Threei} wait... I am
[15:44] {dino} ipcc
[15:44] {Threei} and proud of it
[15:44] {dino} out .74, +.69 tnh
[15:44] {jfjf64} time for a few cocktails
[15:44] {Threei} read this and wheep:
[15:44] {jfjf64} dino wtg
[15:44] {nemo} piss off jf
[15:45] {Threei} Congressional Budget Office (CBO): Obama proposed budget would incur $9.76T in deficits and publicly held debt would grow to 90% of GDP by 2020
[15:45] {Threei} - revises 2010 budget deficit to $1.5T from $1.3T on 1/26; 2011 budget deficit revised to $1.3T from $980B forecasted on 1/26
[15:45] {Threei} - deficit under the Presidents proposals would fall to about 4% of GDP by 2014 but would rise steadily thereafter
[15:45] {dino} ty jf
[15:45] {Threei} - cumulative deficit over the 2011-2020 period would equal $9.8T (5.2% of GDP), $3.8T more than the cumulative deficit projected in the baseline. Of that difference, roughly $3.0T stems directly from proposed changes in policy and another $0.8T results from additional interest on the public debt.
[15:45] {Threei} - largest budgetary impact would stem from the Presidents proposals to index the alternative minimum tax (AMT) for inflation and to extend various tax provisions contained in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). Over the next 10 years, those policies would reduce revenues and boost outlays for refundable tax credits by a total of $3.0T
[15:45] {Threei} http://cboblog.cbo.gov/?p=482
[15:47] {RonS} 7th gen American starts singing Oh Canada...
[15:48] {dino} well i must say for such a boring day it was very profitable
[15:48] {RonS} ...and starts planning a Vad migration
[15:48] {Threei} in the black here too dino
[15:48] {dino} good to hear
[15:48] {Threei} and this concludes 4th straight week of profit, no single losing day
[15:48] {dino} 686
[15:48] {nemo} Bet we break new highs next week
[15:49] {dino} i have three down days since feb 1st
[15:49] {Threei} I am starting to scare myself
[15:49] {nemo} why...you agree with me?
[15:49] {Threei} goitta stage losing day to get it out of my system
[15:49] {RonS} here too but small...have a good weekend everyone
[15:49] {Threei} take care Ron
[15:49] {nemo} you want me to call trades on Monday Vad :)
[15:49] {dino} gj ron, u2
[15:49] {dino} wow tnh to 87
[15:49] {Threei} yes nemo, please do
[15:50] {nemo} hehehehe
[15:50] {Threei} I just can't lose under this arrangement
[15:50] {jfjf64} good work vad
[15:50] {Threei} you call them good - I brought in new talent
[15:50] {jfjf64} hv great weekend all
[15:50] {Threei} you are disaster - everyone appreciates me more
[15:50] {nemo} bye JF
[15:50] {Threei} take care jf
[15:50] {jfjf64} bye nemo
[15:51] {nemo} could be a big gap up on Monday, because Asia and Europe haven't traded on the American reports yet
[15:51] {larisa} nemo optimist all of a sudden
[15:52] {nemo} analyst
[15:52] {dino} cya jf
[15:52] {nemo} optimism is only relevant in picking the direction that makes me the most money
[15:52] {dino} thx all, good time
[15:52] {nemo} I'd be just as happy if the market tanked
[15:52] {Threei} okay guys, let's hacve a great weelend
[15:52] {Threei} thank you all
[15:52] {larisa} see you :)
[15:52] {Threei} see you on Monday
[15:52] {nemo} bye
[15:53] {lasertrev} have a good weekend all
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