Mar 18 2010

It's official: 5-and-half weeks long winning streak has ended today. Morning brought three rinses - stock would touch our stop, then proceed to our target. Discipline trumps conviction. Later on SOMX momo allowed many of us to dig out of it but calls wise it's still a losing day. Read the discussion of how to play momos, starting around 15:14

Session Time: Thu Mar 18 00:00:00 2010

[08:03] {Threei} (EU) EU Commissioner Rehn's spokesperson: Rehn sees the EMF idea as an interesting concept

[08:04] {Threei} GR) Greece Fin Min: Denies earlier press speculation that Greece could ask IMF for aid in early April

[08:04] {Threei} ***Reminder: Before the European morning an unnamed Greece Official commented that Greece sight IMF aid during April 2-4 Easter weekend and was in steady contact with IMF Chief Strauss-Kahn. The official noted of a growing rift with Germany over the debt crisis was deepening (sse our 00:54am ET headline)

[08:30] {Threei} *(US) FEB CONSUMER PRICE INDEX M/M: 0.0% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E; CPI NSA: 216.741 V 217.043E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 457K V 455KE; CONTINUING CLAIMS: 4.58M V 4.516M

[08:30] {Threei} *(US) Q4 CURRENT ACCOUNT: -$-115.6B V -$119.0BE

[08:37] {Threei} FDX Exec: Sees solid GDP growth in near-term in the US economy recovery is underway: housing could remain a problem, sees strong H1 in 2010 - conf call

[08:50] {Threei} 4:19:33 AM

[08:50] {Threei} (GR) Greece PM Papandreou: Reiterates it is country's responsibility to correct its problems - address to EU parliament

[08:50] {Threei} - Does not see financial markets as a scapegoat for Greece's problems

[08:50] {Threei} - Must restore confidence in its economy and credibility in its finances

[08:50] {Threei} - Greece has been making changes and will continue to do so

[08:50] {Threei} - Reiterates view that Greece cannot sustain its defcit reduction goals under high interest rates

[08:50] {Threei} - Admits that Greece is playing with 'loaded gun at the table' and that Europe needs to take action to curb contagion risk

[08:51] {Threei} (CH) China Foreign Ministry spokesperson Gang: Reiterates that US demands regarding CNY currency are unfair and harmful to relations

[08:51] {Threei} - Calm and rational approach was needed to address the dispute to reach mutually beneficial solution

[08:53] {Threei} 00:54 (GR) Greece Official: May seek IMF aid during April 2-4 Easter weekend, in steady contact with IMF Chief Strauss-Kahn

[08:53] {Threei} - No more bond sales likely until after Mar 25th EU Summit.

[08:53] {Threei} Notes the rift with Germany over the debt crisis is deepening

[08:55] {nemo} I love Germany pushing IMF option. It's another way of saying, "We'll let the US pay for it."

[08:55] {Threei} pretty much

[08:55] {Threei} well, both countries have taxpayers

[08:56] {Threei} none is happy to bail out Greece

[08:56] {Threei} who has more at stake

[08:56] {nemo} EU

[08:56] {Les} why not? US has screwed its dollar with the printing press, another trillion won't do greater harm?

[08:56] {Threei} and who can control their internal situation better

[08:56] {Threei} I don't think so les...

[08:56] {nemo} Les, that's more debt I incur

[08:57] {Les} give the cash to us, I'll put it to good use

[08:57] {Threei} patience wears thin here with bailing out US's own,

[08:57] {Threei} let alone someone else

[08:57] {Les} betting againts Dino does get expensive

[08:57] {Les} against

[08:57] {Les} :D morning

[08:57] {Threei} hi

[08:57] {Threei} don't et against him...

[08:58] {Threei} he has very nice track record of consistency

[09:00] {Threei} all in all, I will be very surprized if IMF takes this burden

[09:01] {Threei} just can't envision any palatable way to sell bailing out Greece to US public

[09:01] {nemo} not sure, might be blackmail to keep buying trasuries

[09:02] {Les} well, immediate bailout is one issue, but am happy to see policy reform pan-EU as necessary outcome long term

[09:03] {Les} an unstable EU ain't going to help Switzerland

[09:03] {Threei} feels to me like band-aid on tumor les...

[09:04] {Threei} I don't see EU problem in unsound financing or monetary policies

[09:04] {nemo} Greece has the EU by the short-hairs

[09:04] {Threei} that exists but it's just a small part of the problem

[09:04] {nemo} Now...can the EU convince the IMF (US) those are their shorthairs too

[09:05] {Threei} underlying and the most serious one is that the very construct is artifical

[09:05] {nemo} understood

[09:05] {Threei} and has internal contradictions that sooner or later will tear it apart

[09:06] {Les} not agreed

[09:06] {Threei} not many in Europe do :)

[09:06] {Les} huh

[09:06] {nemo} disparate cultures les

[09:06] {Threei} and economic disparity

[09:06] {Threei} but, why argue

[09:07] {nemo} what will be, will be

[09:07] {Threei} I am sure it will resolve itself in our lifetime

[09:07] {Threei} let's wait and see

[09:07] {nemo} whoa..

[09:07] {Threei} personal experience is,

[09:08] {nemo} the doctor is in

[09:08] {Threei} when this kind of things starts unravelling, it happens with mind-boggling speed

[09:08] {Threei} exceeding anything anyone could imagine

[09:09] {Threei} maybe there were geniuses that foresaw the speed of USSR collapse,

[09:09] {Threei} but within it I am sure there was none.

[09:09] {Threei} The system was rotten, sure,

[09:09] {Threei} a lot of people saw that

[09:09] {Threei} but no one forecasted that it could fall apart in the course of months

[09:09] {Threei} not even close

[09:10] {Threei} GE) German Gov't advisor: Germany position towards Greece remained unchanged

[09:12] {Threei} - reiterates Greece has not requested any aid.

[09:12] {Les} March 18 (Bloomberg) -- Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package.

[09:13] {nemo} Naww...they're not requesting aid

[09:13] {Les} texas hold 'em

[09:13] {Threei} Caterpillar Inc Reports 3 month dealer statistics; Dec-Feb sales -filing

[09:14] {Threei} it's a very long tanble, let me just say,

[09:14] {Threei} there is no single line in it that starts with UP

[09:14] {nemo} means cat should run today :)

[09:14] {Threei} ahha, here are totals

[09:14] {Threei} World DOWN 20% DOWN 27% DOWN 35%

[09:15] {Threei} Total DOWN 33% DOWN 33% DOWN 36%

[09:15] {Threei} firast is by regions, second is by industries

[09:15] {Les} fuqi hanging around 12

[09:15] {lasertrev} good morning

[09:15] {Les} The SEC's Mary Schapiro acknowledged that the agency's oversight of Lehman Brothers (LEHMQ.PK) may have been inadequate

[09:16] {Threei} trev :)

[09:17] {Threei} worth watching, CAT

[09:21] {Threei} part of this maybe weather related

[09:23] {dino} gm all

[09:23] {Threei} dino :)

[09:23] {Threei} any hangover?

[09:23] {Les} hey dino

[09:24] {dino} no hangover, behaved

[09:24] {Threei} hmmm... where is the fun in that

[09:24] {dino} daughter had a basketball game, so....

[09:25] {Threei} ok... misbehaving is postponed till weekend then

[09:26] {larisa} gm :)

[09:26] {Threei} larisa :)

[09:26] {larisa} :)

[09:26] {Les} hi larisa

[09:27] {larisa} morning les

[09:27] {dino} fdx

[09:27] {dino} hig holds well w/that offering

[09:27] {RonS} gme gm all

[09:28] {Threei} Ron :)

[09:29] {Les} Hi Ron

[09:30] {Threei} Short Setup: CAT .60 break half lot

[09:31] {Threei} if stays under .80

[09:31] {Threei} invalidated

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:32] {Les} 60 is pivot resistance CAT

[09:33] {Threei} I like the idea of long on it but I'd like pullback

[09:33] {Threei} .80 is nearest support

[09:35] {Threei} Long Setup: CAT .95

[09:35] {Threei} if stays above .85

[09:36] {fernp} Good morning everybody

[09:37] {Threei} fern :)

[09:37] {Les} fern

[09:37] {Threei} little market help, and it's capable of much more than scalp

[09:39] {Threei} no go

[09:40] {Threei} (US) Preview: Feb Leading Indicators due out at 10:00ET

[09:40] {Threei} **consensus expectation: 0.1%e v 0.3% prior

[09:40] {Threei} (US) Preview: March Philadelphia Fed Index due out at 10:00ET

[09:40] {Threei} **consensus expectation: 18.0e v 17.6 prior

[09:41] {nemo} fuqi bounced off post market lows yesterday, probably strong support

[09:41] {Les} watching it. DSW too

[09:44] {dino} s cat .95 stop .06

[09:44] {nemo} mmmhhh...fuqui base building just under .30

[09:44] {Threei} Long Setup: GME .90 break if stays above .75, half lot

[09:45] {larisa} TSL not happy today

[09:46] {Threei} Yesterday 17:15 TSL Registers to sell 7.9M ADS (about 13% of shares outstanding)

[09:46] {Threei}

[09:48] {Threei} SPY makes these long tails all morning

[09:48] {Threei} all of 18 min of it anyway

[09:49] {Threei} makes read quite unreliable

[09:49] {Threei} no go GME

[09:50] {dino} cat stopped

[09:50] {Threei} CAT rinsed long

[09:50] {larisa} dino went short on it

[09:50] {Threei} ok,

[09:50] {Threei} CAT rinsed long and short

[09:51] {Les} shorted GME for +.14

[09:51] {dino} yeah

[09:51] {nemo} mmmhhhh....not good

[09:51] {dino} looks like s now

[09:51] {nemo} and the spy looks like it's in V fib

[09:52] {larisa} things are just bouncing all over the place

[09:52] {Threei} yes

[09:52] {larisa} except for RIMM :)

[09:52] {Les} wow. erratic movement from CAT

[09:53] {Les} dino, you looking at anything?

[09:53] {nemo} his monitor

[09:53] {nemo} sorry lari

[09:53] {dino} cat, but can't figure it out

[09:53] {Threei} now CAT is doing what I envisioned on that first break

[09:54] {Threei} morning volatility was a bit excessive

[09:54] {larisa} it was your fault vad, you said .80 support, but made stop at .85

[09:54] {Threei} true

[09:56] {Threei} friking CAT goes much higher

[09:56] {Threei} and with no readable entry

[09:57] {Threei} let's wait out set of numbers in 4 min

[09:57] {Threei} 3

[09:57] {Les} GME seems to be heading for a .50 b/d sooner or later?

[09:58] {strider} tivo

[09:58] {Threei} hard to tell les

[09:59] {Threei} no news yet TIVO

[10:00] {Threei} *(US) FEB LEADING INDICATORS: 0.1% V 0.1%E

[10:00] {Threei} *(US) MAR PHILADELPHIA FED INDEX: 18.9 V 18.0E

[10:01] {Threei} TIVO pace is momo-like

[10:02] {strider} has to do with DISH settlement

[10:02] {Threei} TIVO Strength attributed to positive Sanford Bernstein note (16.27, +0.42, 2.65%)

[10:04] {Threei} Bernstein suggests that TIVO could get a favorable settlement agreement from DISH Network after US appeals court affirmed ruling in Tivo's favor earlier this month.

[10:07] {Threei} FCX

[10:08] {Threei} Long Setup: FCX .90 half lot

[10:09] {Threei} stop under .80

[10:09] {KSystems} morning

[10:10] {Threei} wth

[10:10] {Threei} ks :)

[10:10] {Les} ready to short CAT

[10:10] {Threei} wow

[10:10] {Threei} no way

[10:10] {dino} cat last try s .10

[10:11] {nemo} pivot is .07

[10:12] {Threei} FCX rinse too

[10:13] {Les} CAT failed 200 ma support, yesterday's close. needs to hold .07

[10:13] {jfjf64} crazy mornin

[10:13] {nemo} fcx bounced right off pivot

[10:14] {RonS} clne rip

[10:14] {dino} mkt messed up

[10:14] {fernp} VRSN 27 break, Vad?

[10:15] {Threei} daily is perfect

[10:15] {nemo} FDX screaming short

[10:16] {fernp} ok

[10:16] {nemo} alright so it lied to me

[10:16] {dino} lol

[10:16] {Les} FDX getting pumped thru 50/200ma. .78 pivot reversal maybe?

[10:17] {nemo} worth watching

[10:17] {nemo} ow that's a stop

[10:17] {Les} cat

[10:18] {nemo} volumes dropping on fdx ascent

[10:19] {magoo} moprn

[10:19] {nemo} motrin

[10:19] {Threei} (US) Pres Obama: US economy may soon be adding jobs rather than losing them (related EUR/USD )

[10:20] {nemo} he's a guy you can trust

[10:20] {RonS} ya census

[10:20] {nemo} amanuensis

[10:21] {Les} aapl not favored today. whacky market

[10:22] {RonS} Vad, is PCX setting up for a run?

[10:22] {Threei} I doubt it

[10:22] {Threei} feels tired to me

[10:23] {Les} SLW b/d type 1?

[10:23] {Les} .31 break?

[10:23] {Threei} coin toss, IMO

[10:24] {Les} k

[10:24] {Threei} Ron, PCS can change if consolidates closely for a few min

[10:24] {Threei} and market spikes

[10:25] {Threei} PCX, sorry

[10:25] {Threei} GGP Judge notes he could delay by a few days the April 13 deadline for stalking horse bid hearing

[10:25] {Threei} stalking horse?

[10:26] {strider} HGSI

[10:27] {Threei} starts looking better, PCX

[10:27] {Threei} takeover rumors, strider

[10:27] {strider} THX

[10:29] {strider} CAT looking short now?

[10:29] {Threei} not really

[10:29] {Threei} nor long

[10:30] {fernp} MHP strong holding well on highs

[10:30] {dino} trades w/mkt

[10:31] {Threei} IMF: Group experts are in Greece, looking at banking issues, providing tech support

[10:31] {Threei} Greece has not asked for help with debt financing

[10:31] {Threei} - Have yet to disucess debt management issues with Portugal

[10:34] {Les} 1:1 SLW and out +.06

[10:35] {Threei} wtg

[10:35] {Les} 1.5k. sorta the limit for my pretend account. but does the job

[10:36] {Threei} wow, is market trying to have red day?

[10:36] {Threei} no way, it must have forgotten how to do that

[10:36] {Les} gdx sector falling hard

[10:36] {dino} big red coming

[10:37] {Les} fdx

[10:38] {Threei} Short Setup: GME .50 break

[10:38] {Threei} kind of lingering setup,

[10:38] {Threei} can shape up and invalidate a few times

[10:39] {Threei} so it's on continuing watch for a consolidation tight enough for a reasonable stop placement

[10:39] {Les} out fdx +.19

[10:39] {Threei} Generic Natural Gas futures hit lowest level since Sept 2009 following report of smaller than expected weekly draw on inventories (related UNG )

[10:40] {Threei} UNG is quite something

[10:40] {strider} stop .60 on GME?

[10:40] {Threei} if it sets up from here, yes

[10:49] {dino} cat cov .93, +.17

[10:53] {Threei} 50% Less Likely To Vote For Congress Member Who Supports Health Care Plan, 4% are more likely

[10:53] {Threei} 34

[10:54] {Threei} 51% of voters not affiliated with either major party are less likely to support someone who votes for the legislation. Just 32% of unaffiliateds are more likely to vote for someone who supports the bill.

[10:54] {Threei} what amzes me is how little sensitivity to all this stocks that seem to be the most influenced have

[10:55] {Threei} AET for instance

[10:55] {Threei} you'd expect it to swing wildly with each turn and twist of health care saga

[10:55] {dino} hl l jst .75

[10:56] {dino} jcg l .08

[10:59] {fernp} going to try ERTS .60 break

[11:08] {fernp} no go ERTS

[11:15] {strider} maybe the mastrmind did it.

[11:15] {Threei} (US) Congressional Budget Office (CBO) Adjusts estimates on health care bill's impact for deficit

[11:15] {Threei} - sees an added $20B net reduction in deficit from the possible reconciliation bill; from previously $118B reduction to $138B

[11:16] {fernp} AMZN breaking 132

[11:18] {RonS} today's best headline: Greece Gives Germany And European Union One Week Ultimatum (No, You Are Not Dyslexic)

[11:18] {fernp} lol

[11:19] {Threei} I saw similar line but saying "deadline", not ultimatum

[11:19] {Threei} that looked bad

[11:19] {Threei} this vcersion looks worse

[11:19] {Les} I think it's that or they go squealing to the IMF, which will embarrass the EU no end

[11:20] {Threei} EU will only be happy to kick this over to IMF

[11:20] {Les} you think Toyota's have a problem:

[11:20] {Threei} lol

[11:20] {nemo} what is this, Groundhog morning?

[11:21] {Les} http://miburl.com/V6ixhy

[11:21] {Les} now I've seen everything

[11:21] {RonS} J Paul Getty in the '60's: When you owe the bank $10k it your problem; when you owe them $10mil its theirs.

[11:22] {nemo} trump used that strategy quite effectivel

[11:22] {nemo} y

[11:22] {Les} GME roughly back into the zone

[11:22] {dino} .

[11:24] {Les} well I give up. nothing working.

[11:24] {nemo} Go have a drink les

[11:25] {Les} ah. GDX ain't going up

[11:26] {fernp} 1:1 AMZN

[11:26] {Threei} wow fern

[11:26] {Threei} you did find one working

[11:26] {Threei} I take a bow

[11:26] {fernp} lol

[11:26] {Threei} seriously... I think today is THE day

[11:27] {Les} reversal?

[11:27] {dino} gj

[11:27] {Threei} 5 weeks and 3 days with no losing days

[11:27] {nemo} go home Vad

[11:27] {Les} oh, you mean losing day. bummer

[11:27] {Threei} had to end at some point, didn't it

[11:27] {jfjf64} stop

[11:27] {nemo} Devil's Advocate

[11:28] {Les} fdx is in the green

[11:28] {Les} maybe 90 break?

[11:28] {Les} after consolidation

[11:28] {nemo} or it's going to drop from that level

[11:29] {RonS} dino, see anything w/ MOS?

[11:30] {Les} POT looks good. but large stop

[11:30] {nemo} Ron, I've got a support line drawn in her on MOS from a while ago

[11:30] {dino} following pot down is all i see

[11:31] {nemo} you've got two high volume canldes at this bottom...it's shaping up

[11:31] {dino} 60 strike

[11:32] {Les} nwpx down spike

[11:32] {nemo} huge bid at 60

[11:33] {Threei} SOMX

[11:33] {Threei} Somaxon Pharmaceuticals FDA Approves of Silenor (doxepin) for the Treatment of Insomnia

[11:33] {Threei} - approved the New Drug Application (NDA) for Silenor (doxepin) for the treatment of insomnia characterized by difficulty with sleep maintenance.

[11:33] {Threei} halte

[11:34] {nemo} bid moved up to 60.02

[11:34] {jfjf64} pot sellin

[11:34] {Threei} this is funny line

[11:34] {Threei} (GR) Greek PM: Pledges not to ask for financial assistance from the EU or the IMF

[11:35] {nemo} he can demand

[11:35] {Threei} if a dog looks at me with those moist hungry obedient eyes while I bite into my burger, is he asking?

[11:35] {nemo} yep

[11:35] {Threei} SOMX Reports Q4 -$0.08 v -$0.52 y/y, Rev is nil

[11:40] {Les} GME with a 5 cent stop?

[11:40] {Threei} too tight

[11:41] {dino} cnx stopped

[11:42] {Threei} that was fast, GME

[11:42] {Les} GME

[11:43] {Threei} (US) Hearing rumor of Fed plans for a discount rate increase (related EUR/USD TLT SHY )

[11:43] {Threei} this is what is killing market, IMO

[11:43] {Threei} ***Note that at the Jan 27 FOMC meeting, Kansas City Fed President Thomas Hoenig voiced his dissent against the "extended period" language, stating that economic and financial conditions have improved enough that language was no longer warranted. Then on Feb 18, the Fed raised the Discount rate 25 bps to 0.75%, but couched it as a move toward "normalization" that does not reflect a change in policy outlook. At the 3/16 FOMC meeting, Hoenig once again dissented.

[11:43] {Les} what's that? the rate that banks borrow from the Fed?

[11:44] {Les} out GME +,11

[11:44] {Threei} yes

[11:45] {fernp} NVDA breaking lod

[11:45] {nemo} that must be part of why the $ is up

[11:45] {fernp} stop above .60

[11:47] {Threei} IA) Sec State Clinton: Without assurances from Iran in regards to its nuclear program, start up of the Busan nuclear plant would be premature

[11:47] {Threei} nemo, that and renewed EU/Greece tensions

[11:47] {nemo} that's the other "part"

[11:49] {nemo} huge offer .80 fcx

[11:49] {Threei} Notes that Iran starting up the Bushehr plant would send the wrong message.

[11:49] {Threei} - Earlier in the session, Russian PM Putin said Iran was planning to start up the Bushehr plant later this summer.

[11:52] {dino} yuii l .40

[12:00] {dino} jcg stopped

[12:03] {dino} s qqqq

[12:03] {dino} .62

[12:03] {fernp} out .41 NVDA +.08

[12:07] {Threei} Fed: do not comment on market rumors

[12:07] {Threei} - responding to inquiries about rumor circulating about another intra-meeting discount rate hike being planned.

[12:12] {Les} ty dino. out yuii +.09

[12:13] {Threei} GME nice slide

[12:14] {Les} bounce play in there?

[12:14] {Threei} not that I can see

[12:14] {dino} gj les

[12:15] {Les} just riding on back of your calls

[12:15] {Les} Vad, SLW .90 with .85 stop?

[12:16] {dino} careful w/,me today, lots of stops

[12:16] {Threei} with market help should work

[12:16] {Threei} dino, lots? stops is ALLI have today, lol

[12:17] {nemo} FDX just had a high volume bar at the bottom of a trend line, either going higher or breaking (then again might stay the same :))

[12:18] {strider} can you give us a few more options?

[12:18] {Threei} that's an input of extreme value{G}

[12:18] {nemo} :)

[12:18] {nemo} it was more to raise awareness because IHNFI what it was going to do

[12:19] {Threei} so, you raised our awareness of the fact that you HNFI?

[12:19] {nemo} both, in the event someone wanted to take action on a volume spike at the trend line

[12:20] {nemo} Actually...I thoughted provided more information than, "Well Vad, whaddya' think about FDX?" or "FDX vad?"

[12:21] {strider} NEMO, vad?

[12:21] {Threei} lol

[12:21] {strider} I'm thinking short.

[12:21] {nemo} I'm short already, physically impossible to go long

[12:23] {Threei} (US) US House Speaker Pelosi formally introduces a finalized health care bill

[12:24] {nemo} Mmmmhhh...MON volume up 43% and it's flatlined

[12:26] {RonS} can anyone explain why the selloff in PO and MOS is being attributed to the selloff in nat gas?

[12:26] {RonS} PO=POT

[12:26] {Threei} hmm?

[12:26] {nemo} lotta' offers getting hit on mos

[12:26] {Threei} who made this connection?

[12:27] {nemo} some moron headline writer?

[12:28] {RonS} TheFlyOnTheWall

[12:28] {Les} 1:1 SLW and out

[12:29] {Threei} mystery to me Ron

[12:29] {Threei} wtg Les

[12:30] {Les} ty

[12:31] {dino} gj les

[12:32] {Les} wfc 30 b/d?

[12:32] {Les} too late

[12:32] {Threei} well... yes

[12:32] {nemo} prescient 3i

[12:33] {nemo} ooops...sarcasm

[12:33] {Threei} :)

[12:33] {nemo} so unlike me

[12:33] {nemo} Lari's fault

[12:34] {Les} will see if futher short setup comes up. support at .90

[12:35] {nemo} feels like a down day and the DOW is still up

[12:36] {Threei} or short bounce les

[12:36] {Threei} it's back up into resistance

[12:37] {Les} gme

[12:40] {Threei} that was perfect second chance opportunity in WFC, conservative entry

[12:40] {Les} s .95

[12:47] {Les} out +.01. got too greedy

[12:47] {dino} qqqq cov -.10 sheesh

[12:51] {Threei} god

[12:51] {Threei} look who opened his mouth

[12:51] {Threei} (US) Former Fed Chair Greenspan: Increasing capital requirements for banks would be more effective than the new financial reform legislation

[12:51] {Threei} - notes some banks may need to boost their reserve capital by 40% (improve capital to 14% of assets from 10% prior)

[12:53] {dino} nwpx l .52

[12:55] {Threei} ROFL

[12:55] {Threei} Pelosi: some of bill would be paid by tax on unearned income

[12:55] {nemo} capital gains

[12:55] {Threei} I know... I just love the wording

[12:56] {nemo} I think she was a stockbroker at one time

[12:56] {Threei} if we tax unearned income, let's use it to pay for non-provided health care

[12:56] {dino} rino

[12:56] {dino} also rent, dividends etc

[12:57] {dino} latest not 2.9 but 3.8%

[12:58] {Threei} (US) White House's Gibbs: President Obama has postponed Asia trip until June

[12:58] {dino} plus bush tax cuts exp.

[12:58] {Threei} - rationale to focus on health care reform legislation

[12:58] {Threei} till June??

[12:58] {Threei} I thought it was this weekend or bust

[12:59] {dino} rino l .21 trig

[13:15] {dino} nwpx to .72

[13:16] {dino} mos interesting nemo

[13:16] {nemo} I was thinking about it break of .25

[13:17] {dino} was watching that too, took nwpx instead

[13:17] {dino} thionking db on

[13:17] {dino} nwpx stopped .69, +.17 slipped

[13:18] {nemo} migth bounce here

[13:18] {nemo} yep

[13:19] {nemo} look at that volume spike

[13:20] {nemo} market dropping too see what it does

[13:20] {dino} see it

[13:20] {nemo} could see a little inverse H&S form here.

[13:21] {dino} .45holds well

[13:21] {nemo} yep

[13:22] {nemo} of course, as soon as you type it

[13:22] {dino} hmmm

[13:22] {nemo} .40 is most important

[13:22] {dino} hmmm again

[13:24] {Threei} MNKD Hearing Griffin Securities makes positive comments (timing uncertain)

[13:24] {Threei} - Reiterates Buy rating and $26 price target (7.72, +0.23, 3.07%)

[13:26] {nemo} well it held H&S support so far

[13:26] {nemo} Inverted

[13:26] {nemo} but no volume

[13:30] {dino} took .40 mos l

[13:30] {nemo} nice

[13:32] {dino} nwpx was too tight

[13:33] {Threei} argh

[13:33] {Threei} forgot about SOMX

06[13:33] * nemo slaps Threei around a bit with a large trout

[13:33] {Threei} crap

[13:33] {nemo} now you sound like Les

[13:34] {dino} sm l chk .96

[13:35] {nemo} feels like market going to sell off towards the end of the day

[13:36] {dino} no feel, thought that earlier and was wrong

[13:36] {nemo} I'm talking later

[13:36] {nemo} maybe partial here on mos?

[13:36] {dino} i mean, i don't have any feel about it

[13:36] {strider} pheelings...

[13:36] {nemo} nothing more than....

[13:36] {dino} wants 60 imo

[13:36] {strider} nothing more than pheelings.

[13:37] {nemo} O gawd

[13:37] {RonS} feerrings...

[13:37] {nemo} where's my gun

[13:37] {nemo} chinese ron, or speech impediment

[13:37] {RonS} japanese karaoke

[13:37] {nemo} kewl, my next guess

[13:37] {larisa} lol

[13:41] {RonS} classic karaoke story: http://modeledbehavior.com/2010/02/06/frank-sinatra-filipino-karaoke-murders/

[13:42] {nemo} 200 ma is under .90 dino

[13:42] {dino} mos to .75

[13:42] {Threei} SOMX pick up momentum

[13:43] {dino} out +.35

[13:44] {nemo} :)

[13:44] {dino} ty

[13:44] {Threei} wtg

[13:46] {Threei} [13:34] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[13:46] {Threei} that'll show him

[13:46] {nemo} man bites dog

[13:46] {Threei} he better bail out Greece or else

[13:46] {nemo} verdammten Deutscher

[14:12] {Threei} this is really really rich:

[14:12] {dino} chbt

[14:12] {Threei} Alan Greenspan traces housing bubble to collapse of the Soviet Union

[14:12] {Threei} The fall of the Soviet Union led to hundreds of millions of workers entering the global marketplace, he said in a paper to be presented to a Brookings Institution conference.

[14:12] {Threei} This new market-based workforce, Mr. Greenspan said, helped push up growth in the developing world. This in turn fueled a global savings glut that drove down long-term interest rates, leading to an unsustainable boom in house prices, he said.

[14:13] {nemo} ?

[14:13] {nemo} frickin' commie bastids

[14:13] {Threei} ?

[14:13] {Threei} yeah, that's us

[14:13] {Threei} http://www.theglobeandmail.com/report-on-business/economy/alan-greenspan-traces-housing-bubble-to-collapse-of-the-soviet-union/article1504666/

[14:14] {Threei} here is one comment from readers that I can't help but love:

[14:14] {Threei} It is difficult to comprehend how Ann Rand was able to turn this dorky salesman into a Fed Chairman.

[14:15] {Les} i'm happy to see that this idiot has well and truly ruined himself

[14:15] {Threei} I second that

[14:15] {Les} perhaps congress might swallow such stupidity

[14:16] {nemo} that's the problem Les

[14:16] {Threei} I actively disliked him while he was at the helm

[14:16] {Les} his placed is sealed in the history books

[14:16] {Threei} glad to see it's catching up

[14:16] {nemo} market shaping up for a run north?

[14:17] {Threei} IMO, no, but I am so off today

[14:17] {jfjf64} good night all

[14:17] {Threei} slacker

[14:18] {jfjf64} lol

[14:20] {Threei} hey

[14:20] {Threei} I realized something

[14:20] {dino} cya jf

[14:20] {Threei} whose fault the fall of USSR was?

[14:20] {Threei} Reagan!

[14:20] {Threei} that who is to blame in housing crisis!

[14:23] {dino} wow, don't let obamination hear that, he'll stop blaming "w"

[14:28] {Threei} (GR) EU's Juncker: EU prepared to assist Greece if it is negatively impacted by market speculation (related NBG )

[14:30] {Threei} market loses sensitivity to this endless stream of EU/greece twists

[14:30] {Threei} doesn't measn it won't react when something happens,

[14:31] {Threei} just that it doesn't believe all the stories and sound bites anymore, after seeing how they change by minute

[14:33] {RonS} choo choo tannies...new high

[14:34] {RonS} tannies=trannies

[14:34] {Threei} MNKD... tough trader but .75 break seems to be legit trigger

[14:35] {dino} dow theory bull triggered yesterday

[14:35] {Threei} by transports?

[14:36] {dino} yes

[14:54] {RonS} x lod

[14:54] {Threei} SOMX momo

[14:58] {nemo} I'm outta' here P&Q

[14:59] {dino} cya nemo

[15:00] {larisa} bye nemo

[15:00] {Threei} take care nemo

[15:02] {dino} back in 10

[15:10] {Threei} watching SOMX anyone?

[15:10] {strider} am now.

[15:10] {Threei} where is magoo

[15:10] {Threei} this is so his play

[15:10] {jfjf64} y

[15:11] {Threei} and jf's, but jf has left

[15:11] {jfjf64} im here 7.00

[15:11] {Threei} no you left

[15:11] {Threei} 14:17] {jfjf64} good night all

[15:11] {Threei} [14:17] {Threei} slacker

[15:11] {Threei} [14:18] {jfjf64} lol

[15:11] {Threei} that's how I know

[15:11] {Threei} partial, jf...

[15:11] {Threei} if you are here

[15:11] {jfjf64} lol

[15:12] {Threei} this situation is 50/50 bteween continuation and filzzling out

[15:12] {Threei} well... 51/49

[15:12] {jfjf64} half out

[15:12] {Threei} if it fizzles out, it will pull back deeply,

[15:12] {jfjf64} was 2cents from being stoped

[15:13] {Threei} probably to around 6.60 or so, befofe bounce becomes more or less safe bet

[15:13] {Les} went long, lost on pullback here, don't like it. waiting for short opp.

[15:14] {Threei} don't by breakouts on momos

[15:14] {Threei} pullbacks only

[15:14] {Threei} breakouts work in early stage of momo movement only

[15:14] {Les} ok

[15:14] {jfjf64} all out

[15:14] {Threei} do this Les

[15:15] {Threei} when next momo comes around,

[15:15] {Threei} observe it from this point of view,

[15:15] {Threei} comparing breakouts and pullbacks

[15:15] {Threei} you'll get a good feel for this phenomenon,

[15:15] {Threei} how at the early stages breaks work nicely,

[15:15] {Threei} then each break becomes a trap,

[15:16] {Threei} while pullback entries work

[15:16] {Les} done

[15:19] {Threei} see the way it advances?

[15:19] {Threei} if you buy pullback, you can score, let's say 20 cents on a jump ober the next resistance

[15:20] {Les} l .37

[15:20] {Les} out +.10

[15:20] {Threei} but if you buy break of that same resistance, you may gewwt 5 cents, then it pulls back 15-20

[15:26] {Les} not shortable

[15:28] {Threei} see how 8 buyers get trapped?

[15:28] {Threei} and one more thing,

[15:29] {Threei} as you watch 8 scrolling,

[15:29] {Les} y

[15:29] {Threei} feel the strong temptation to join in?

[15:29] {Les} been there, done that

[15:30] {Threei} that's something to think about

[15:30] {Threei} this is your window into minds of others

[15:30] {Threei} if you feel this strong urge - this is what crowds feel

[15:30] {Threei} they act on this impulse,

[15:30] {Threei} and this is excatly the wrong thing to do

[15:31] {Threei} use your own emotions as a window into the collective mind of the crowd

[15:32] {Threei} now as early 8 bueyers got scared and shaken out by fast and furious drop, it returns back to 8

[15:32] {Threei} rewarding pullback buyers

[15:34] {fernp} good observation Vad ty :-)

[15:35] {Threei} always... if not profits, I can at least provide some educational value on a day when I can't trade my way out of wet paper bag

[15:36] {Threei} on personal trading side, I did dig myself out of hole thanks to SOMX... but didn't dare to call it

[15:36] {dino} my streak ends today

[15:36] {Threei} yours too?

[15:36] {dino} yeah, morning rinsed to death

[15:36] {dino} had 13 in row

[15:36] {Threei} yup, same here

[15:36] {Threei} yecchh

[15:37] {Threei} had 3, and stopped pressing

[15:37] {fernp} hey!! i am 3 out of 3 FAZ, AMZN and NVDA applying what you have taught me

[15:37] {dino} days not rinses, 5 rinses

[15:37] {fernp} :-)

[15:37] {dino} gj fern

06[15:38] * Threei slaps fernp around a bit with a large banner saying "How dare You

[15:38] {fernp} ty dino

[15:38] {fernp} sorry Vad, sorry

[15:38] {Threei} sin no more

[15:42] {dino} live in sin, c'mon in

[15:45] {Les} nice vad. been scalping .40 pullbacks. pulling me out of my hole as ell

[15:45] {Les} well

[15:45] {Threei} there you go :)

[15:46] {Threei} education paid right away

[15:47] {Threei} deeper pullback is coming this time, IMO

[15:47] {RonS} dang...fdx

[15:47] {Threei} or no pullback at all, lol

[15:48] {Les} only game in town

[15:48] {Threei} pretty much

[15:52] {Threei} sheesh

[15:52] {Threei} magoo will cry tomorrrow like baby

[15:52] {Threei} or today, if I send him an e-mail with SOMX chart

[15:53] {fernp} good evening everybody. See you all tomorrow

[15:53] {Threei} take care fern

[15:53] {Les} ciao

[15:55] {larisa} lol

[15:55] {Threei} non-stop

[15:55] {dino} out jst .05, all dayer +.30

[15:55] {Threei} good to finish day with winner

[15:56] {dino} helps

[15:56] {Les} damn. tried a .50 break. jumped 25 cents

[15:57] {Les} voila. got my last 10 cents from it

[15:57] {Threei} lol

[15:57] {Les} ten is top?

[15:57] {Threei} 3 min left

[15:59] {Les} market modest enough to finish a tiny bit red

[15:59] {Threei} SPY onlu

[15:59] {Threei} the rest is green

[15:59] {Les} right

[16:00] {Threei} thank you asall

[16:00] {larisa} bye all :)

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {Les} thank you. ciao all

[16:00] {larisa} asall does not sounds too good vad

[16:01] {Threei} hmm

[16:01] {Threei} I guess not, lol

[16:01] {larisa} :)

Mar 17 2010

Interesting day, with a few stops and a lot more wins. What made it different is a big variety of plays: longs and shorts, small scalps and bigger plays, badly beaten cheapies like FUQI and expensive high-fliers like POT. All in all, fun and profit.

Session Time: Wed Mar 17 00:00:00 2010

[08:40] {Threei} US) FEB PRODUCER PRICE INDEX M/M: -0.6% V -0.2%E; PPI EX FOOD&ENERGY: 0.1% V 0.1%

[08:59] {Les} afternoon all

[08:59] {Les} I see u are making trouble again vad, handing out sensible advice

[08:59] {nemo} Good morning Les, and how are you today?

[09:00] {Les} oh you are so lucky I don't have mirc, otherwise I'd slap you one good for that Nemo

[09:00] {nemo} :)

[09:01] {nemo} Road to Hell is paved with good intentions

[09:01] {nemo} No good deed goes unpunished

[09:01] {Threei} morning

[09:01] {nemo} yes

[09:02] {Threei} LVS appears to fool us

[09:08] {Threei} UAUA

[09:08] {Threei} UAL Corp Guides Q1 ASMs -3.4% y/y, PRASM +16-17% y/y - filing

[09:14] {Threei} (GE) German Gov't: EU treaties do not allow bailouts; Sees no decision on Greece at next week EU Summit

[09:16] {Threei} FUQI, what a slam

[09:16] {Les} ooh yeh, it's in play today

[09:16] {dino} gm all

[09:17] {nemo} FCX shaping a DB with a break around .70

[09:17] {Les} dino

[09:17] {nemo} dino ;)

[09:17] {Threei} dino :)

[09:17] {dino} :)

[09:17] {Les} sorry, forgot my smiley face

[09:19] {Les} CIT pops on bad news. hmmm

[09:23] {lasertrev} morning

[09:23] {nemo} accurate

[09:23] {Threei} trev :)

[09:24] {larisa} gm :)

[09:24] {Threei} larisa :)

[09:24] {Les} hi

[09:25] {Threei} GE Sterne, Agee Raised GE to hold from sell

[09:25] {dino} hey, remember that foreclosure i bought xmas eve?

[09:26] {nemo} hi lari :)

[09:26] {Threei} sold at double?

[09:26] {dino} just sold it for 30% gain

[09:26] {Threei} wtg

[09:26] {dino} not bad for 75 days

[09:26] {Threei} bottom fishing at its best

[09:27] {dino} indeed, now to find another one

[09:27] {dino} and btw, i turn the big 4 5 today

[09:27] {Threei} happy birthday!

[09:28] {dino} ty

[09:28] {jfjf64} mornin

[09:29] {Threei} jf :)

[09:29] {larisa} happy birthday dino :)

[09:29] {Les} happy b'day man

[09:29] {Threei} look LVS bid

[09:30] {dino} ty

[09:31] {dino} cagc continues down

[09:31] {Threei} Long Setup: LVS .35 break

[09:32] {Threei} if holding above .25

[09:32] {KSystems} hi

[09:32] {Threei} 1:1

[09:32] {Threei} ks :)

[09:33] {nemo} 1:3

[09:35] {dino} cncnx sm l .50

[09:35] {Threei} nice selling

[09:35] {Threei} LVS

[09:36] {Threei} watching if forms something for another long

[09:36] {nemo} db .15?

[09:37] {Threei} not very clean one

[09:37] {nemo} .20 is 200 ma

[09:37] {Threei} .20 break was p[ossible, but kind of pure risk-based setup

[09:38] {fernp} Good morning everybody

[09:38] {nemo} hola fern

[09:38] {Threei} fern :)

[09:38] {Les} hey fern

[09:39] {Les} fuqi

[09:39] {dino} cnx stop to .85

[09:40] {dino} tighten

[09:41] {dino} out .89, +.39 cnx

[09:41] {Les} sweet

[09:42] {dino} ty

[09:42] {dino} been watching it since the big drop

[09:42] {Les} how many b'day beers can you buy in dino's sisters bar with that? :)

[09:42] {dino} cagc hmmmm

[09:42] {dino} lol, about 60

[09:42] {nemo} death

[09:44] {dino} crazy, but feels like high 20s in the works cagc

[09:44] {dino} like 20.80

[09:44] {Threei} daily sure has nothing but air under it down to 20

[09:45] {Threei} Long Setup: CAT .96 break half lot

[09:45] {Les} MNKD doing its sell routine. missed entry

[09:46] {nemo} stop .80?

[09:47] {Threei} bottom of this pullback

[09:47] {Threei} and invalidated under .80

[09:47] {nemo} fcx shaping up same way

[09:47] {nemo} should we look to fade invalidation?

[09:47] {Threei} not by me

[09:48] {Threei} rather long on .80 recross

[09:48] {Threei} if holding .75

[09:49] {Les} s CAGC .59 sm

[09:50] {dino} gutsy

[09:53] {nemo} lvs bottom vad?

[09:53] {Threei} toughie

[09:54] {nemo} nothin' easy this morning, well except first one

[09:54] {Threei} yeah, as easy as first trade has been, things are murky since then

[09:54] {nemo} clear as mud

[09:54] {nemo} your dudeness

[09:54] {nemo} Jeff Bridges flashback

[09:55] {fernp} AXP Vad, any read?

[09:56] {Threei} not really

[09:56] {fernp} ok

[09:56] {dino} rino gap 23.69ish

[09:58] {Threei} FCX

[09:58] {Threei} watching for one more leg down on pullback for long entry

[09:58] {Threei} closer to .70

[10:00] {Threei} if market spikes again, .80 break

[10:00] {Threei} stop under .70

[10:00] {nemo} gone

[10:00] {Threei} too fast?

[10:00] {jfjf64} got it

[10:00] {nemo} broke as typing came across

[10:01] {Threei} 1:1 jf, half out

[10:01] {jfjf64} ty

[10:01] {Threei} .75 was available but hard to read

[10:01] {jfjf64} .77

[10:01] {nemo} shoul probably use the trendline as a stop

[10:01] {jfjf64} agg

[10:01] {Threei} dino, look at this:

[10:01] {Threei} ECB's Trichet: No reasons to doubt solidarity of other nations due to recent Greece crisis (related EUR/GBP EUR/USD NBG )

[10:02] {nemo} ?

[10:02] {Threei} reminds you something? :)

[10:02] {Threei} "we don't need to raise any more capital"

[10:02] {nemo} just print it

[10:02] {fernp} LVS breakdown, Vad?

[10:03] {Threei} only if market drops shrply and LKVS gives a pause for entry

[10:03] {Threei} otyherwise I am not a fun of shorting for now

[10:03] {jfjf64} out

[10:05] {fernp} took it with .20 stop

[10:05] {dino} i see it 3i, agree

[10:05] {fernp} 1:1 ty

[10:05] {Threei} lol... wtg fern

[10:05] {jfjf64} dino happy b day

[10:05] {dino} gj

[10:05] {dino} ty

[10:05] {nemo} fcx holding trend line

[10:06] {jfjf64} st patty day nice bday

[10:06] {dino} :)

[10:07] {Threei} Long Setup: FCX .70 break

[10:07] {Threei} half lot

[10:08] {Threei} if holding above .60

[10:10] {Les} dsw

[10:12] {Threei} no go this time

[10:14] {dino} snda -2.60+ since yesterday

[10:14] {fernp} TEL, Vad? Valid breakout?

[10:14] {Threei} if holding .05

[10:15] {fernp} ty

[10:16] {dino} going red, gut feel

[10:16] {Threei} watching CAT for short on bounce

[10:17] {nemo} lvs

[10:17] {nemo} too late

[10:18] {Threei} IMO, LVS is .15 break long

[10:18] {Les} mnkd .25 b/d

[10:18] {Threei} EBAY PayPal and China UnionPay Open the Global Marketplace to Chinese Consumers (update) (27.09, +0.30, 1.12%)

[10:20] {Threei} PayPal and China UnionPay (a unit of Alibaba.com Ltd), China's bankcard association, today announced that China UnionPay (CUP) card members will be able to use PayPal to shop online, representing a new opportunity for international retailers to sell to a large base of Chinese customers who, combined, hold 2.1 billion CUP cards.

[10:20] {Threei} - hinese consumers have more disposable income than ever before and are starting to look for the best products the world has to offer. CUP card members will be able to use PayPal in the third quarter of 2010. This gives merchants the opportunity to spend the coming months preparing their Web stores for Chinese consumers.

[10:21] {Threei} Short Setup: CAT .70 break if stays under .75

[10:22] {Les} mnkd stopped

[10:22] {Threei} GOOG China Executives aiming to create a new startup search engine if Google leaves - Silicon Valley insider citing rumor (566.88, +1.68, 0.30%) (related YHOO BIDU COHU SINA )

[10:23] {Threei} why do they need new one if they have BIDU?

[10:23] {Les} so they can become fabulously rich like BIDU's owners

[10:23] {Threei} CAT 1:1

[10:23] {Threei} 1:2

[10:23] {Threei} out

[10:24] {Threei} (US) Senator Corker (R-TN): Plans to offer "constructive amendments" to Dodd financial regulation bill (related XLF )

[10:25] {Threei} wow LVS

[10:25] {Threei} good thing it never triggered

[10:25] {Les} premarket .40 was it

[10:29] {Threei} Long Setup: CLNE .85 break half lot

[10:29] {Threei} stop under .75

[10:30] {Threei} DOE CRUDE: +1.0M V +500KE

[10:30] {Threei} GASOLINE: -1.7M V +200KE; DISTILLATE: -1.5M V -1ME; UTILIZATION: 80.6% V 80.7%E

[10:31] {Threei} if breaks .90 from here, stop to under .80

[10:32] {Threei} no go

[10:34] {Threei} WFC Signs second-lien mortgage modification agreement with US Treasury

[10:36] {nemo} hig

[10:38] {dino} getting the monkey off its back

[10:39] {dino} cagc sm l .77

[10:40] {Threei} CLNE rinse

[10:40] {Threei} grrr

[10:40] {dino} dsw lod

[10:44] {dino} dsw sm l .75

[10:48] {Threei} look at this piece of crap

[10:50] {Threei} Long Setup: RIMM .10 break

[10:51] {nemo} stop .90?

[10:52] {Threei} I'd prefer it to hold 75

[10:52] {Threei} and give us tighter stop

[10:52] {Threei} couple cents padding under 75

[10:53] {Threei} should do around .30 with any market help

[10:54] {Threei} {market} me? help? hah!

[10:56] {Threei} can you believe CLNE rinse by 2 cents, then this?

[10:58] {Threei} 1:1 RIMM

[11:00] {Threei} anyone's here?

[11:00] {Threei} is this thing on?

[11:00] {RonS} ...just us chickens...

[11:01] {nemo} me and the rabbit

[11:01] {Threei} I thought it was just me and infuriating CLNE

[11:01] {RonS} ...things are reeely tight...cept materials

[11:01] {dino} .

[11:02] {nemo} fishing reely?

[11:06] {Threei} Kucinich: we must have control over private insurance companies

[11:06] {Threei} Freudian slip eh

[11:06] {nemo} oh boy

[11:06] {Les} who's he? Fed member?

[11:06] {nemo} Congressman

[11:06] {Les} lol what?

[11:07] {nemo} lower Parliament

[11:07] {nemo} House of Commons

[11:07] {RonS} Alred E Newman

[11:07] {nemo} What me Worry

[11:07] {RonS} alfred

[11:07] {Les} hahaha controlling private insurance...

[11:07] {Threei} well, I understand what he meanr

[11:08] {Threei} but the way it came out pretty much reminds me the lunch conversation between two shrinks

[11:08] {Threei} "you know dear colleague, I had a very curious case of Freudian slip today at breakfast,

[11:08] {Threei} I asked my wife to pass me a salt, she did,

[11:09] {Threei} and instead of Thank you dear I said: b*tch, you spoiled my whole life"

[11:09] {Les} lol, yeh the might be freudian

[11:09] {Les} that

[11:09] {RonS} larisa, get the trout...

[11:11] {larisa} nah :) I think you make your own decisions, nobody can spoil anything for you unless you let him :)

[11:12] {larisa} except for that Tobin tax ...

[11:12] {nemo} db rimm?

[11:12] {Threei} even that larisa...

[11:13] {Threei} you vote socialists in, you get what you voted for...

[11:13] {Threei} "you" as in generic you, not you personally

[11:13] {nemo} US went socialist in 1913

[11:13] {RonS} pcx looks good long...entry? 21?

[11:13] {Threei} no on RIMM

[11:13] {nemo} ?

[11:14] {Threei} Ron... 21?

[11:14] {Threei} you mean if it pulls back to it?

[11:14] {RonS} yes

[11:14] {Threei} depends on how it does

[11:15] {Threei} if drops in one quick move, sure

[11:18] {nemo} lvs C&H

[11:18] {nemo} ?

[11:18] {Threei} looks right

[11:23] {RonS} jef jumps on algo traind news. this could have some legs

[11:24] {nemo} out lvs

[11:24] {nemo} ty

[11:25] {Threei} nice setup, and worked like textbook

[11:25] {nemo} yep

[11:25] {dino} out dsw .18, +.43

[11:25] {Threei} nice birthday trading

[11:26] {RonS} dino kickin w dsw

[11:26] {dino} ty

[11:27] {nemo} wonder if LVS breaks .22, thats the 200

[11:28] {nemo} has just pulled back to trend

[11:28] {Les} I see where I'm going wrong with these trades dino likes

[11:28] {Les} should be using trend as friend for long when they bounce

[11:28] {nemo} you're taking them?

[11:28] {Les} instead of short

[11:28] {Les} for weeks now

[11:28] {Les} on paper

[11:29] {Threei} ummm... you mean you are taking his trades but in opposite direction?

[11:29] {Threei} yeah, that would kind of explain where you go wrong...

[11:29] {Threei} or at least serve as a first clue

[11:29] {Les} :P

[11:30] {strider} CAT?

[11:31] {RonS} dino, cue up ges; they report amc...

[11:31] {Threei} I think so stirder

[11:31] {Threei} withg market help of course

[11:32] {strider} thx

[11:36] {Les} cagc

[11:37] {strider} didn't take CAT.....having elec. service changed. Back in a ffew.

[11:37] {Threei} to what, steam?

[11:38] {strider} nuclear

[11:38] {Threei} progressive

[11:38] {Threei} me, I am a luddite

[11:38] {nemo} don't need to turn lights on at night...he'll glow

[11:38] {strider} back soon.

[11:40] {RonS} CLNE, c&h developing?

[11:41] {Threei} way too waide ranges for me

[11:41] {Threei} wide

[11:41] {nemo} coming into lunch too

[11:41] {Threei} if this is handle's bottom, then rim is 40 cents higher

[11:41] {jfjf64} aig

[11:42] {Threei} if I were to play such formation, I'd do it with aggressive entry only

[11:42] {Threei} AIG just does its daily routine spike

[11:42] {Threei} with news/rumor coming in 3 min

[11:42] {jfjf64} yup

[11:43] {nemo} always out of nowhere

[11:45] {Les} time for a drink, me thinks

[11:45] {nemo} fuqi short under .10?

[11:46] {nemo} hate this time of day for breaks

[11:48] {Threei} really can't tell nemo

[11:48] {nemo} it's breaking down, I just don't like it

[11:49] {Threei} short rather than long, but odds are not too good for a win in any direction

[11:49] {nemo} lvs coming in also

[11:49] {patience} happy birthday to you Dino :)

[11:51] {RonS} something for nemo to do: http://data.intrade.com/graphing/jsp/closingPricesForm.jsp?tradeURL=https://www.intrade.com&contractId=709242

[11:54] {dino} out cagc .16, +.39

[11:55] {Les} yeh out +.22

[11:55] {Les} when did you enter?

[11:55] {nemo} subtract .39 from .16 and look

[11:56] {Threei} that's ok if you didn't get the same entry Les - at least this time you traded in the same direction as dino {GGGGG}

[11:56] {Les} belt up nemo

[11:56] {nemo} rotfl

[11:56] {dino} .77 entry les

[11:56] {dino} gj

[11:57] {Les} yeh thank Vad {- heave sarcasm

[11:57] {Threei} don't even think of answering that Les, don't spoil it for me... I am going to chuckle about this for an hour

[11:57] {nemo} he's starting to spell like you...an he's an English major

[11:57] {Threei} not sarcasm...

[11:58] {Threei} that is what gooes for friendly humor in circles you get into when you converse with nemo

[11:58] {Les} huh

[11:58] {Les} it took three higher lows on CAGC before I figured it out

[11:58] {nemo} yeah, make me out to be the bad guy

[11:58] {Threei} and you know whart nemo - I don't even have to work all that hard

[11:59] {nemo} see les...sarcasm

[11:59] {Threei} you kind of fit naturally

[11:59] {nemo} :)

[11:59] {Threei} les... feel bettter? :)

06[11:59] * Threei is looking around in search of the next victim

[12:00] {jfjf64} pot

[12:00] {Threei} magoo is not here

[12:00] {Threei} nuclear boy is not here

[12:00] {jfjf64} short

[12:00] {Threei} loks right jf

[12:00] {nemo} speaking of nuclear boy

[12:01] {strider} that's nukulur to you.

[12:01] {Threei} he is on spare steam generator

[12:01] {nemo} squirrel and rubber band

[12:02] {jfjf64} 1/1

[12:02] {Threei} look to cover around here jf, or partial

[12:02] {nemo} yeah, nice jf...breakdown at lunch

[12:03] {Threei} very nice find

[12:03] {jfjf64} half out

[12:03] {jfjf64} stop.60

[12:03] {Les} looking for a suitable 3 stooges video Vad, can't find one...

[12:03] {Threei} sharp dive under .50's next, to cover more

[12:03] {nemo} aig available for shorting today

[12:04] {jfjf64} 125.11//125.15 gap fill

[12:04] {nemo} .16 break long aig?

[12:04] {Threei} why not

[12:04] {Threei} there you go POT

[12:05] {Threei} .15 big offer on AIG,

[12:05] {nemo} yep

[12:05] {Threei} risk is minimal

[12:05] {Threei} so...

[12:05] {jfjf64} i lv pot

[12:05] {Threei} jf, last portion is closer to .20

[12:05] {jfjf64} 1/4 out

[12:05] {Threei} and stop above .50 now

[12:06] {jfjf64} ty

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

[12:06] {RonS} tick, tick, tick, tick, tick CLNE

[12:06] {jfjf64} done

[12:07] {Threei} beautiful play

[12:07] {Threei} you took it aggressively Ron?

[12:07] {jfjf64} ty sensi

[12:08] {RonS} no, I want a real time example of you intraday c&h. hope this is it. if it clears the rim it could explode w/ the shorts

[12:09] {Threei} Market Internals update at 12:00pmET

[12:09] {Threei} - NYSE volume 385M shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.

[12:09] {Threei} - NASDAQ volume 960M shares, about 2% above its three-month average; advancers lead decliners by 1.5:1.

[12:09] {Threei} - VIX index -5.75% to just over 16.50

[12:09] {Threei} VIX, mama mia

[12:09] {Threei} I think it goes for new all time low

[12:10] {RonS} ...went sub 10 during the last bull

[12:12] {fernp} VXX .40 break, vad?

[12:13] {Threei} chart is right...

[12:13] {Threei} how reliable it is, well

[12:13] {Threei} le me re-shape the question a bit

[12:13] {Threei} looking at SPY,

[12:13] {nemo} 1/2 out aig

[12:13] {Threei} do you feel like playing breakdown?

[12:14] {nemo} 1/4 more

[12:14] {Threei} WFMI Ticking lower as the WSJ reports that a pepper product carried by WFMI is among those being investigated by FDA for salmonella (17.43, +0.10, 0.58%) (related MKC PG SWY )

[12:14] {nemo} stop to .25

[12:14] {Threei} wtg

[12:15] {fernp} yeah, i will ignore VXX

[12:15] {nemo} stop to .27

[12:15] {nemo} orer at .28

[12:15] {nemo} bid

[12:16] {dino} fuqi, nwpx, vivo

[12:19] {nemo} stopped last aig

[12:20] {Threei} Short Setup: MOS .25

[12:21] {Threei} stop above .35 for scalpers

[12:21] {Threei} .40 for day traders

[12:22] {dino} nwpx sm l .00

[12:27] {Threei} 1:1 for scalpers

[12:27] {Threei} 1:1 for day traders

[12:28] {Threei} anyone is even trading still or it's just me and birthday boy??

[12:28] {jfjf64} comon sensi

[12:28] {Les} I'm in my own world thank you

[12:28] {strider} I"m in MOS from .26

[12:29] {Threei} oh, OK, nukular boy is here too

[12:29] {Threei} Les is, well...

[12:29] {dino} lol

[12:29] {Threei} just hopwe he didn't take MOS long

[12:29] {Les} oh now that's just rude

[12:29] {Threei} yesss

[12:30] {nemo} Yeah...he onl does that with Dino's calls

[12:30] {Threei} finally I reached nemo's mastery

[12:30] {nemo} ?

[12:30] {Threei} and became rude

[12:30] {Threei} thank you Les

[12:30] {strider} stopped .15, +.11

[12:30] {Les} yeh but Nemo has finesse

[12:30] {Threei} well, I am still practicing

[12:30] {Threei} but I am getting better

[12:30] {Les} he's like tarantino and violence

[12:31] {Les} it's slick, sophisticated. he's clearly been tutored in rudeness

[12:31] {Threei} see, I am trying to learn from the best

[12:31] {jfjf64} cover all .11 ty sensi

[12:31] {Threei} welcome sir

[12:31] {nemo} wow...I think it's a compliment

[12:32] {Threei} it sure is

[12:32] {Threei} being good at being bad - it's an art

[12:36] {jfjf64} .25 which was res before now support .10 break short looks goood to jf

[12:36] {dino} wow cagc

[12:36] {jfjf64} agree

[12:38] {Les} fuqi trying to go over 50 ma at .10

[12:40] {jfjf64} look pot filled gap

[12:55] {dino} rino gap fill

[12:57] {Les} long fuqi .12. stop 12

[13:00] {nemo} nice Les (that hurt:()

[13:00] {Les} won't hurt ya to be nice from time to time

[13:01] {Threei} good play

[13:01] {nemo} I save that for animals

[13:01] {nemo} Mmmmhhh...I guess you qualify then, Les

[13:01] {Threei} nah Les... he loses lustre

[13:02] {Les} seeing if 200 ma at .19 holds

[13:02] {Les} as support

[13:02] {Threei} you didn't exit any into that spike?

[13:02] {Les} no, 400 shares, want decent run

[13:03] {nemo} mmmhhh...first he fades Dino's trades, now he goes Magoo

[13:03] {Les} 1k and out at .25 would have been good hand to play.

[13:07] {Threei} look at SRS chart from 11/21/2008 to now

[13:07] {Threei} this is not something you see every lifetime

[13:09] {Les} we should be short and hold ultraETF's

[13:10] {Threei} well, we also should have bought everything possible one year ago

[13:10] {Les} once in our lifetime

[13:10] {Threei} nope

[13:10] {nemo} bought long dated calls on tck

[13:10] {Les} fingers crossed not

[13:10] {Threei} I heard the same in 1998-2000

[13:11] {Les} I bought TCK $3

[13:11] {Threei} and just decade later, I hear it again

[13:11] {Les} sold $3.50

[13:11] {Les} was proud o fmyself.

[13:11] {Les} &%ç**""*!

[13:11] {Threei} shrug

[13:12] {Les} oui oui

[13:12] {Les} c'est la vie

[13:12] {Threei} when you get access to time machine to get a WSJ issued one year later, you will be in position to take advantage of this kind of moves

[13:12] {nemo} firme le bouche

[13:12] {Les} tais toi

[13:12] {nemo} manga la....nevermind

[13:13] {Les} ta gueule

[13:13] {Threei} a year ago TCK for all you knew could just go bankrupt

[13:13] {RonS} french less, think more

[13:13] {Threei} tempus however fugit, don't they

[13:14] {Les} et c'est "ferme ta bouce"

[13:14] {Les} bouche

[13:14] {RonS} tck...cara had it covered...

[13:14] {nemo} ahhhh Ron Sen

[13:14] {Les} TGB was a favourite of mine. .60 at the bottom

[13:15] {Les} out FUQI flat. threatening b/d

[13:15] {nemo} looks like spy's ready to run again

[13:16] {nemo} it di the algo creap from .03

[13:17] {nemo} creep

[13:17] {nemo} di=did

[13:22] {Les} l fuqi .07 with 1k this time

[13:24] {nemo} AWIAV?

[13:24] {Threei} no... thinkking whether LVS worth a try

[13:24] {Threei} probably not

[13:25] {Les} incredible watching big offer vol. to force down stock, and chase it down in price

[13:27] {Les} fuqi foiled again. out +.01

[13:36] {Threei} oh boy...

[13:36] {Threei} grilled bear meat at isle 3

[13:37] {strider} GS is weak

[13:37] {Threei} Long Setup: FUQI .10 break

[13:38] {Threei} stop is so obvious, I won't insult your intelligence by calling it

[13:38] {Threei} but it's .05 for extrascalpers and 12 for sane traders

[13:41] {Les} already long .12, but it picks up some huge offers after rising 5 cents. not easy going

[13:41] {Threei} no

[13:41] {Threei} but stocks beaten that hard rarely are

[13:44] {Les} yeh. consolation is that there is huge buying offers at 12 for support

[13:44] {Threei} bids

[13:45] {Les} that too

[13:49] {dino} back in 30

[13:49] {dino} out nwpx fLAT

[13:49] {Threei} dino's picking up birthday cake

[13:49] {dino} flat

[13:56] {Les} aww mannn, you missed massive spike dino. out +.22

[13:59] {Threei} ok... party time FUQI

[14:00] {Threei} yes, I am talking to you, stock with strange and almost indecent symbol

[14:00] {Threei} move yor lazy butt

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

[14:00] {Threei} - NYSE volume 555M shares, about 10% below its three-month average; advancers lead decliners by 3.4:1.

[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.8:1.

[14:00] {Threei} - VIX index -6.5% to just over 16.50

[14:03] {Threei} those pesky superscalpers got their 1:1 btw, and then some

06[14:04] * Threei squints at fern

[14:04] {fernp} lol

[14:04] {fernp} but not in

06[14:04] * Threei squints at the spot where ese usually sits

[14:05] {fernp} didn't see any play on it

[14:05] {fernp} i was wrong :-)

[14:05] {Threei} neither did I but I had to show Les that he did it wrong before :)

[14:06] {fernp} lol

[14:06] {Threei} magoo is preparing surprise party for dino?

[14:10] {Les} Is there a crime victim compensation committee I can appeal to in Canada?

[14:10] {Threei} hmmm

[14:10] {Threei} not sure

[14:10] {nemo} somebody steal your common sense?

[14:11] {Threei} I guess it's usual court process

[14:11] {Threei} with seeking punitive damages

[14:11] {Les} I'm clearly a victim here

[14:11] {Threei} lol... les, give it to nemo, he recovered from a blunder before

[14:12] {Les} oh no, I'm pretending Nemo didn't say that

[14:12] {nemo} o.k. Alice

[14:13] {Threei} that's osrtich policy

[14:13] {Threei} works well only if you don't have concrete floors

[14:13] {Threei} also, trust me:

[14:13] {nemo} fcx break of .56 on volume?

[14:13] {nemo} stop is wide

[14:13] {Threei} years of attempts to deal with nemo by pretending I don't notice him proved it's not working

[14:14] {Threei} he has no problem waiting it out

[14:14] {Les} still, you don't need to encourage him

[14:14] {Threei} I don't need to but it's fun...

[14:14] {nemo} Les....................I don't need encouragement...trust me...........you give me all the motivation I need

[14:14] {Threei} and the worst part is: he is doing just fine with no slightest encouragment

[14:15] {larisa} I say no more than 10 min a day of Les sarcasm. new rule.

[14:15] {Les} haha

[14:15] {nemo} Crissakes, he would have to shut up by 8:15

[14:15] {Threei} ok... my quota for the day is filled then

[14:15] {Threei} FUQI 1:1

[14:15] {Les} that's alright Larisa, I do enjoy self-deprecation

[14:15] {Threei} wait

[14:16] {larisa} but I am getting tired :)

[14:16] {Les} oh

[14:16] {Les} sorry

[14:16] {Threei} larisa meant sarcasm BY Les or sarcasm ABOUT les?

[14:16] {larisa} about les

[14:16] {Threei} oh, OK

[14:16] {nemo} fine, we'll fawn all over him

[14:16] {Les} voilà Nemo, you heard the woman

[14:16] {Threei} anyone took FUQI?

[14:17] {Threei} flawless trade

[14:17] {nemo} look at fcx Vad

[14:17] {Les} half out +.08

[14:17] {Threei} why?

[14:17] {Threei} what do you see there?

[14:17] {dino} .

[14:17] {Threei} stop to under .10 les, if you are partialing

[14:17] {nemo} the resistance at .55, and it's due for a run

[14:17] {Les} moving averages

[14:17] {Les} fuqi has cleared both

[14:18] {Les} with great difficulty

[14:18] {Les} 50/200

[14:19] {Threei} nemo, only if market makes another, and sizeable, move

[14:19] {Threei} I a, not delighted by how FCX sits good 50 cents under day's high while market makes new ones

[14:19] {Threei} next exit for FUQI is about .35

[14:20] {Threei} and last one is .45

[14:21] {fernp} STI .40 break, Vad?

[14:21] {Les} ok ty

[14:21] {Threei} probably, with market making new high

[14:21] {fernp} ty

[14:22] {Les} ok all out.

[14:23] {Threei} why??

[14:23] {Threei} stop is practically breakeven

[14:23] {Threei} stock finally found firm footing

[14:23] {nemo} Vad, if fcx holds .42 in this pullback, that's the right side if IH&S

[14:23] {nemo} think FUQI would be a new break on consolidation and then move above .28

[14:24] {Threei} don't know about FCX...

[14:25] {Les} cause a bird in the hand is better than two in the bush

[14:25] {Les} any sign of weakness, I'm happy to offload

[14:27] {Threei} well, as a naturtal born scalper I would be the last to argue with that

[14:27] {Threei} but this case does deserve more room

[14:27] {Les} u r right, but after shaky start to day I wanted cash in hand.

[14:28] {Les} CAGC

[14:28] {RonS} jef is a good boy

[14:28] {Les} just happy to get dino's trades in order. two good scalps on NWPX & FUQI. me happy

[14:29] {dino} gj les

[14:29] {Threei} 1:2 FUQI

[14:35] {Threei} GR) EU's Barroso: Would not speculate for dates for possible Greek aid

[14:35] {Threei} - Reiterates once again that Greece has not requested aid

[14:36] {Threei} (US) Fed Chairman Bernanke: Fed is uniquely suited to supervise large financial institutions - Congressional testimony

[14:36] {Threei} - Federal Reserve's participation in the oversight of banks of all sizes significantly improves its ability to carry out its central banking functions.

[14:36] {Les} I remember when I decided to give up on business program at uni

[14:37] {Les} when I studied marketing. "how to BS people"

[14:37] {jfjf64} mos s .26

[14:37] {Les} stinks to high heaven, like this Euro trash talk

[14:40] {Les} Vad, MNKD

[14:40] {Les} these big vol. spikes into resistance

[14:40] {Les} wondering if its something I can fade

[14:40] {Threei} I don't see plays on it Les

[14:40] {Les} ok

[14:40] {RonS} gs rolling over

[14:41] {Threei} all moves it does come from the points which don't tell me anything

[14:44] {Les} vivo 20 b/d

[14:45] {Les} aapl read

[14:45] {Les} red

[14:47] {Threei} (US) Fed Chairman Bernake: Concerned about the Fed being limited in size of banks it regulates, wants oversight over smaller banks too (related XLF )

[14:47] {strider} Good, Les. Tomorrow, we'll move on to bananas and oranges.

[14:48] {Les} hmmm not bad, not bad

[14:48] {Threei} - Note that the Dodd Bill limits the Fed to regulating banks of $50B in assets and larger

[14:49] {Threei} I am not saying a word since larisa forbade me... but I am crawling on the floor

[14:49] {Les} hehehe. s MNKD .43

[14:49] {nemo} how do you type?

[14:49] {Threei} keyboard's with me

[14:51] {larisa} you guys are monkeys : http://www.wobshite.co.uk/b3ta/fighting.jpg

[14:52] {nemo} not sure I get the analogy

[14:52] {strider} I don't think it's an analogy, nemo.

[14:52] {Threei} looks about right

[14:52] {larisa} sorry nemo :)

[14:52] {nemo} comparison...fine...I'm looking for trades

[14:53] {nemo} I've got hair on my face, but it' gray, long, and I've got blue eyes. I don't need Depends yet.

[14:54] {larisa} but you are bullying the child

[14:54] {RonS} trannies lagging today

[14:54] {nemo} ?

[14:54] {nemo} see that Les think's you're a bloody Sheila

[14:55] {Les} http://www.zoochat.com/photo/orangutan-47482-m.jpg

[14:55] {Les} found nemo

[14:55] {Les} or is it finding nemo?

[14:55] {fernp} this room is degenerating

[14:56] {larisa} FCX what a trade on range breakdown missed.

[14:56] {Les} wow

[14:57] {Threei} for quite a while already fern... I'd say since inception

[14:57] {RonS} gs

[14:57] {Threei} told you I didn't like FCX as long

[14:57] {Les} how long this room been open?

[14:57] {nemo} crissakes nothing long woulda' worked

[14:57] {Threei} from 2000

[14:57] {Threei} lol nemo, true

[14:58] {larisa} range was .30-.55, could do both

[14:58] {Les} can imagine everyone screaming at Cara.com

[14:58] {Threei} yes larisa, but I had a solid reason to dislike it

[14:58] {nemo} frankly, cat is holding very well

[14:58] {Threei} much better, yes

[14:58] {Les} h & s cat?

[14:59] {Threei} 14:19] {Threei} I am not delighted by how FCX sits good 50 cents under day's high while market makes new ones

[14:59] {nemo} shoulda' faded it then

[15:02] {dino} cski lod

[15:02] {dino} back in 10

[15:02] {larisa} :)

[15:03] {jfjf64} mos breakin .10

[15:04] {jfjf64} cover half

[15:07] {Threei} new conference by Pelosi in 20 min

[15:07] {Threei} you guessed right what its about

[15:07] {Les} her resignation

[15:08] {Threei} you can only hope

[15:08] {nemo} I think there was a meeting of all women democratic reps today

[15:16] {fernp} Good evening everybody. See you all tomorrow

[15:16] {Threei} take care fern

[15:16] {Les} ciao

[15:17] {jfjf64} later fern

[15:18] {dino} cya

[15:19] {Threei} MOS breaking down

[15:19] {dino} pretty good market drop

[15:26] {dino} dsw lod

[15:26] {Les} fcx

[15:27] {dino} sm l .65

[15:28] {dino} fuqi l .00

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 755M shares, about 5% below its three-month average; advancers lead decliners by 2.1:1.

[15:31] {Threei} - NASDAQ volume 1.89B shares, about 7% above its three-month average; advancers lead decliners by 1.4:1.

[15:31] {Threei} - VIX index -5.5% to just under 17.00

[15:41] {Threei} if market recovers a tad more toward the end, bears torture will probably continue tomorrow again

[15:41] {nemo} op ex week

[15:41] {nemo} definitely

[15:41] {nemo} guess that means it won't

[15:44] {dino} hum dee dum

[15:47] {Threei} pelosi takes credit for 4000 points run in stock market

[15:47] {nemo} what a ......

[15:48] {RonS} her idiocy knows no bounds and is only topped by Babs Boxer

[15:49] {dino} she's something (I won't say what)

[15:49] {nemo} they all apply

[15:49] {Threei} keep your thoughts clean today dino, it's your birthday

[15:50] {dino} thoughts are on corn beef

[15:51] {Threei} Chief Exorsist says evil is everywhere,, including Vatican

[15:51] {dino} lol

[15:51] {RonS} ...here's a Black Bush (Bushmill's) to you, dino

[15:51] {Threei} I didn't even know there was such post :)

[15:52] {dino} thank you, have some guinness at home

[15:52] {dino} i want that job

[15:52] {RonS} ...i thought you were talking about pelosi again...:O

[15:53] {dino} chief exorsist

[15:54] {Threei} I was serious btw

[15:54] {Threei} that's who they showed on CNN

[15:56] {Threei} market recoeverdd to upper half of daily range

[15:56] {Threei} I have to say, this is not shaping well for bears

[15:56] {Threei} again

[15:57] {RonS} no bear wnats to press the bet. they cover and hide

[15:57] {dino} dsw stopped -.20

[15:57] {Threei} hope so for their sake

[15:57] {Threei} but that's not my impression

[15:57] {larisa} it is easy, bears need to convince Pelosi market needs to sell :)

[15:57] {Threei} I see a lot of "all oscillators say it's top, let's short"

[15:58] {Threei} lol

[15:58] {nemo} just get more overboughter

[15:58] {dino} you go first

[15:58] {Threei} exactly

[15:58] {Threei} larisa, tell me please

[15:58] {Threei} when oscilator, like stochastic for instance

[15:58] {Threei} goes into upper range, 8- and higher

[15:58] {Threei} and then p[rice stalls for a while instead of droppiong

[15:58] {Threei} what hppens to indication?

[15:59] {RonS} McClellan actually worked off its overbought...

[15:59] {nemo} looks like spy gonna' end the day right on vwap

[15:59] {dino} out fuqi -.06

[16:00] {larisa} oscillator will fall anyway most likely.

[16:00] {Threei} that's my experience and observation too

[16:00] {Threei} so consolidation liquidates overbought condition

[16:00] {RonS} cya all.

[16:00] {Threei} and price can continue higher again, becoming overrbought again

[16:01] {Threei} and overboghter still

[16:01] {Threei} so, all these references to indicators indicating overbought indications in the most indicative way...

[16:01] {Threei} ok guys, thank you all

[16:01] {Threei} hace a good evening, see you tomorrow

[16:02] {Les} ciao

Mar 16 2010

Not too many trades as we retreated into inactivity closer to FOMC time. Profits are steady though: one stop on RIMM, profitable trades on FCX, WATG, UAUA and a few discretionary ones. Swing entry from yesterday on VISN worked too.

Session Time: Tue Mar 16 00:00:00 2010

[08:03] {nemo} Hey Birdman

[08:05] {Raven} mornink

[08:12] {Threei} IVAN Receives exceptional log and core results from its first oil well on Block 20 in Pungarayacu, Ecuador (3.79, 0.00, 0.00%)

[08:17] {Threei} (US) Preview: Feb Housing Starts data due out at 8:30am ET

[08:17] {Threei} - Housing Starts: Consensus expectations are 570Ke; The prior number was 591K (analyst range of estimates 510K to 610K).

[08:17] {Threei} - Building Permits: Consensus expectations are 601Ke; The prior number was 622K (analyst range of estimates 550K to 635K)

[08:17] {Threei} US) Preview: Feb Import Price Index due out at 8:30am ET

[08:17] {Threei} - MoM: -0.2%e v 1.4% prior

[08:17] {Threei} - YoY: 11.3%e v 11.5% prior

[08:18] {Threei} NVS

[08:18] {Threei} Novartis AG Exploratory trial shows no incremental benefit of aliskiren add-on therapy in improving changes to cardiac shape in heart attack patients; will not pursue outcome trial

[08:30] {Threei} *(US) FEB IMPORT PRICE INDEX M/M: -0.3% V -0.2%E; Y/Y: 11.2% V 11.3%E

[08:30] {nemo} must have been good housing

[08:31] {Threei} hmmm

[08:31] {Threei} no housing

[08:31] {Threei} ahha

[08:31] {Threei} *(US) FEB HOUSING STARTS: 575K V 570KE; BUILDING PERMITS: 612K V 601KE

[08:32] {nemo} ahha

[08:40] {strider} out BSX +.12 from overnight

[08:41] {Threei} why not

[08:41] {strider} morning

[08:41] {strider} holding VISN from 5.11

[08:41] {Threei} hi :)

[08:41] {Threei} little regret about not taking IVAN overnight

[08:42] {Threei} had strong feeling about it

[08:42] {Threei} VISN, to me at least, is not a gap play

[08:42] {Threei} rather swing trade

[08:42] {strider} I agree.

[08:42] {Threei} meaning, I wouldn't dump it into smallish gap

[08:43] {strider} yeah. thx.

[08:43] {Threei} just manage risk according to YOUR specuifications, not mine :)

[08:43] {Les} sounds good. will look for an entry on VISN today

[08:43] {Les} afternoon all

[08:45] {strider} morning, les.

06[08:46] * nemo slaps Les around a bit with a large Tooheys

[08:47] {Threei} les :)

[08:47] {Les} bit early in the morning for that Nemo

[08:47] {nemo} not for you

[08:47] {Les} for you, anyway

[08:47] {nemo} I drink on GMT +1

[08:53] {Threei} US) Senator Corker (R): odds are very high that financial reform bill gets passed this year, but passing it out of committee within a few weeks is too rapid a pace

[08:53] {Threei} here comes better gain on VISN

[08:54] {Threei} - says he was a little taken aback by Senator Dodd deciding to go it alone with his own bill

[08:54] {Threei} hard to imagine more dysfunctional entity

[08:56] {nemo} the legislation is lobbyist lipstick on a pig

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:59] {dino} vad, fwiw, vxx issues, barclays has acknowledged that if the vxx drops below 25, it can execute a reverse 4 for 1 split

[08:59] {Threei} huh

[09:00] {Threei} that influences players intentions, doesn't it

[09:00] {Les} meaning they'd like to see the reverse split?

[09:00] {Threei} why 25... most of them did split when they were way below 10

[09:00] {dino} dk, just letting you know

[09:00] {Threei} ty

[09:01] {Threei} weirdos

[09:01] {dino} np

[09:01] {Threei} nemo, I have some numbers from Poland, want them?

[09:01] {nemo} ?

[09:02] {Threei} you seem to be really entertained by data from Poland

[09:02] {nemo} ?

[09:02] {Threei} thought maybe I'd make you laugh

[09:02] {nemo} ?

[09:02] {Threei} sheesh... stop ?ing me, you said not once that there was something funny about it

[09:03] {dino} fed day

[09:03] {nemo} now that's funny

[09:03] {Threei} ok, never mind... never again will you get from me any polish numbers

[09:03] {nemo} I'm devastated

[09:03] {Threei} there, that'll show you

[09:04] {Les} Oh Nemo just take the bloody Polish numbers and be greatful, ok!

[09:05] {nemo} frickin' gang up on nemo day..wtf

[09:05] {Threei} yeah, that's a big nivelty, eh?

[09:05] {Threei} on FOMC...

[09:06] {nemo} true, we'll likely be rather board this morning

[09:06] {Threei} rate doesn';t matter of course, everyone knows it won't be changed

[09:06] {Threei} language is major focus

[09:06] {Threei} and IMO, they'll be as restrained and vague as possible

[09:06] {Threei} there are times when they want to send certain message

[09:07] {dino} they will not raise them in 2010, that is my bet

[09:07] {Threei} today they will want to say as little as possible

[09:07] {dino} until umemployment gets under 7.5%

[09:08] {Threei} or inflation threat becomes so evident that uproar goes beyond what they can afford p;olitically

[09:10] {nemo} something's up look at gold this morning

[09:12] {Threei} MNKD Does not believe issues raised in FDA Complete Response letter will adversely affect Afrezza

[09:12] {Threei} - Still plans to launch Afrezza in 2011 (7.89, 0.00, 0.00%)

[09:13] {nemo} yep, gold running

[09:14] {Threei} - " As recommended by the FDA, we will request an End-of-Review meeting with the agency to discuss our approach for resolving the remaining issues. Prior to this regulatory action, our plan had been to follow the original NDA for AFREZZA with another regulatory submission for our next-generation inhaler rather than launch AFREZZA with the MedTone device. We intend to discuss with the FDA whether it is appropriate to address the agencys requests using what would otherwise have been a supplemental NDA submission. If this approach is acceptable, we believe that this regulatory action may not have a significant impact on the timing of the commercial launch of AFREZZA, which would not have occurred until at least 2011 in any event."

[09:14] {dino} sqnm, athn

[09:15] {jfjf64} mornin

[09:16] {Les} hey jf

[09:16] {Threei} jf :)

[09:16] {Threei} jf, look dcc pls

[09:16] {Threei} SQNM just can't catch a break

[09:16] {Threei} thing barely started recovering

[09:17] {jfjf64} dcc

[09:17] {Threei} private message

[09:17] {Threei} look for a button with my name on it

[09:17] {jfjf64} how please

[09:17] {Threei} click on it and read the message in there, type in there to answer

[09:17] {Threei} upper bar, where you see channel names

[09:18] {Threei} #floor, #discussions

[09:18] {Threei} Sequenom, Inc Reports Q4 -$0.30 v -$0.25e, R$10.8M v $9Me

[09:18] {Threei} - Gross margin 50.5% v 59.5% y/y

[09:18] {Threei} (US) Congressional Aid: Repoteldy US Senate to threaten penalities on China if it does not alter valuation for Yuan

[09:21] {Threei} - Reminder: Yesterday 130 members of the US House of Reps have requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April

[09:22] {dino} athn strange restates 3 years, misses rev and pops

[09:23] {Threei} AthenaHealth, Inc. Reports Q4 $0.17 v $0.17e, R$54.4M v $55Me

[09:23] {lasertrev} morning

[09:23] {Threei} imagine if they said they just found out they had no revenu for the last 10 years at all? stock would have been in 80s already

[09:23] {Threei} trev :)

[09:24] {Threei} QCOR FDA schedules advisory panel meeting on application to sell Acthar gel for treating infantile spasms (6.75, 0.00, 0.00%)

[09:25] {Threei} too bad volume is next to nil... daily is nice for a break of 7

[09:29] {dino} athn gap around 42

[09:31] {Les} MNKD defending 8 again

[09:31] {Threei} RIMM, looking for reversal

[09:31] {Threei} half lot

[09:31] {Threei} .40

[09:31] {Threei} stop under .30

[09:32] {Threei} no go

[09:32] {dino} dsw

[09:32] {nemo} aig momo

[09:33] {dino} cnx off of .50 may move upgraded

[09:33] {dino} nah, dropped

[09:33] {fernp} Good morning everybody

[09:33] {Threei} fern :)

[09:33] {Les} hi fern

[09:34] {fernp} Les :-)

[09:34] {Threei} ISTA FDA posts warning letter on misleading marketing materials for XIBROM

[09:34] {Threei} Division of Drug Marketing, Advertising, and Communications (DDMAC) has reviewed a professional sale... (3.85, +0.03, 0.79%) more...

[09:35] {dino} dsw interesting

[09:35] {dino} 25 area strike calling

[09:36] {Threei} Long Setup: CAT .60 half lot

[09:36] {dino} sm l .88 wide risky

[09:36] {Threei} if holding above .45

[09:37] {Threei} invalidated

[09:37] {nemo} FOMC day.yahoo

[09:37] {Threei} may turn into double bottom but let's give it a few to consolidate

[09:38] {Threei} so setup .40 - .50 would establish

[09:38] {Threei} valid now

[09:40] {Threei} and not

[09:40] {dino} out dsw .48, +.60 ty ron for yesterday heads up

[09:41] {Threei} RIMM rinse

[09:41] {RonS} yw

[09:42] {Threei} actually, unusually strong now

[09:42] {Threei} RIMM

[09:42] {Threei} CAT, should have faded hat .40 invalidation

[09:42] {dino} cfsg

[09:43] {Threei} ISTA is seriously weird

[09:44] {Threei} FDA warning letter, it goes up?

[09:45] {Threei} CAGC...

[09:45] {Threei} maybe your client dino

[09:47] {RonS} clf jumped on big vol

[09:47] {KSystems} boo

[09:47] {Threei} ks :)

[09:47] {dino} yuii sm l .65

[09:47] {Threei} WATG

[09:48] {Threei} momo candidate on 11 break

[09:48] {Threei} risky as trying to taake my morning bacon

[09:48] {dino} takeover rumors on friday, cagc

[09:50] {Threei} RIMM deep pullback

[09:52] {Threei} HOG Hearing takeover chatter

[09:52] {Threei} - Hearing unconfirmed chatter HOG has been approached by private equity groups

[09:52] {Threei} - KKR is rumoure... (26.82, +0.32, 1.21%) more...

[09:53] {magoo} morning

[09:53] {Threei} mags

[09:53] {Les} hi mags

[09:53] {Threei} Long Setup: RIMM .35 break half lot

[09:53] {Threei} if stays above .20

[09:54] {nemo} .20 is pivot support, depending on how it get's there...if it loses, might be worth a short

[09:55] {Les} BSX consolidating under 7

[09:55] {Threei} let's change to .30 break

[09:56] {Threei} invalidated

[09:58] {RonS} hog wild

[09:58] {strider} takeover chatter:HOG

[09:58] {Les} going Japanese, is it?

[09:58] {Threei} Long Setup: FCX 82 half lot

[09:59] {Threei} if stays above .85

[09:59] {Threei} hesitated to call RIMM again on .20 break...

[10:00] {Threei} (US) Obama Aide: US unemployment may remain elevated for some time

[10:00] {Threei} you don't say

[10:01] {Threei} - Reiterats 3% GDP growth and 4.3% for next two years

[10:01] {fernp} SBUX .20 break, Vad?

[10:01] {Threei} FCX 1:1

[10:02] {Threei} can do more I think

[10:02] {Threei} but let's control risk

[10:02] {Threei} half out .19

[10:02] {Threei} yes fern

[10:02] {strider} out +.23

[10:02] {Les} .22 for me ty

[10:02] {fernp} ty

[10:02] {Threei} offering second half .32

[10:03] {Threei} out

[10:04] {Threei} forget it fern

[10:04] {fernp} i did it

[10:04] {Threei} formed nice chart and fizzled out

[10:04] {dino} cagc sm l .51

[10:05] {fernp} watching MWW

[10:07] {Threei} BTIM Ticks higher after CNBC teases upcoming segment featuring the CEO (7.90, +2.10, 36.21%)

[10:07] {Threei} bagholders are lining up now

[10:07] {Les} wonder if my ugly mug on TV could change the fortunes of company i designate?

[10:08] {nemo} break the TV maybe...

[10:09] {dino} strl -5 in day and half

[10:10] {fernp} BRCM long, Vad?

[10:11] {nemo} fcx has that climber look

[10:11] {Threei} not sure fern...

[10:12] {Threei} looks right,

[10:12] {Threei} but most of them so far are fzzling out today

[10:12] {fernp} i see. ty

[10:12] {Threei} BTIM started its bagholder-making mission

[10:12] {Threei} works every time...

[10:13] {Threei} are you looking for pullback entry on it nemo?

[10:13] {nemo} would be on the trend line right now around .10

[10:16] {Les} MNKD doing its breakdown routine again

[10:17] {fernp} USB 26 break, Vad?

[10:18] {Threei} very much so

[10:19] {Threei} UAUA

[10:19] {Threei} this thing irritates me to no end, lol

[10:19] {jfjf64} grrrrrrr

[10:20] {Threei} USB, don't expect it to be fast but if triggers, can do nice move

[10:20] {Threei} UAUA, watch if pulls back into .20

[10:23] {Threei} let this USB pullback to show the support for a stop placement,

[10:24] {Threei} then if triggers, watch for matket help to decide, take scalp or let ir run

[10:24] {Threei} with market help, capable of 30-40 cents move

[10:24] {dino} clne spike

[10:24] {fernp} ok

[10:25] {jfjf64} ya dino 1 sec late to danceeeeeeeeeeeeeee

[10:25] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrr

[10:25] {jfjf64} luv that setup cup

[10:26] {dino} amsc getting tagged, 2 days -3+

[10:26] {Threei} AMSC Citron Research releases report

[10:26] {Threei} - feels AMSC has larger proportion of revenues in one customer (27.20, -0.94, -3.34%)

[10:27] {dino} "feels", is that the new politically correct way to state a fact

[10:27] {nemo} has been since the 70's

[10:27] {dino} lol

[10:28] {Les} don't kill the goose that lays the gold egg

[10:28] {Threei} Citron is a former stocklemon

[10:28] {Threei} shorting outfit

[10:28] {nemo} ha ha ha ha

[10:28] {nemo} Citron...lemon

[10:28] {Les} duh

[10:28] {dino} citron vodka

[10:29] {Threei} - Citron sees a separation between what its customer has ordered and what the customer is actually using

[10:29] {Threei} BRKR

[10:29] {Threei} near 52 week high

[10:31] {strider} out

[10:31] {strider} BRCM +.22

[10:31] {Threei} anyone here wants to buy a Puerto Rican Bank?

[10:31] {Threei} Reportedly the FDIC is seeking buyers for three Puerto Rican Banks (related BPOP )

[10:31] {Les} spanish required?

[10:31] {jfjf64} if we hd ya cash why not

[10:32] {magoo} id like to buy a puerto rican babe

[10:32] {strider} nemo and I can furnish the weapons.

[10:32] {Threei} UAUA

[10:32] {Threei} let' see if we get antry here

[10:32] {Threei} entry too

[10:32] {Threei} .25 break

[10:33] {Threei} if stays above .15

[10:34] {strider} long .25

[10:36] {magoo} yep

[10:41] {Threei} LLNW Hearing Jefferies comments that Akamai deal with Netflix is a negative for LLNW (timing uncertain) (3.83, -0.06, -1.54%)

[10:41] {Threei} Market Internals update at 10:30amET

[10:41] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; advancers lead decliners by 1.4:1.

[10:41] {Threei} - NASDAQ volume 480M shares, about 6% below its three-month average; decliners lead advancers by 1.1:1.

[10:41] {Threei} - VIX index -0.5% to just under 18.00

[10:43] {Threei} Intel Corp Strength attributed to positive analyst note from BoA/Merrill (timing uncertain)

[10:43] {Threei} - hearing Merrill speculates Intel could issue a positive pre-announcement

[10:43] {Les} cal/dal dropping

[10:47] {Threei} (EU) ECB's Strak: Recovery in the Eurozone remains on track but remains fragile; Timely exit plan from stimulus will be important

[10:47] {Threei} - Problems with Greece show that tougher fiscal rules are needed

[10:47] {Threei} - Crisis is not over, future set backs can not be written off

[10:47] {Threei} - Expects subdued infaltion for period of time, sees near term inflation levels at 1%

[10:47] {Threei} - Does not advocate boosting ECB inflation targets

[10:50] {Threei} FNGN IPO opens for trade at $15 (15.27, 0.00, 0.00%)

[10:50] {Threei} [FNGN] Financial Engines

[10:51] {nemo} MGM looks interesting

[10:52] {Threei} if you want to be stingy, trail UAUA to under .20

[10:53] {Threei} considering that we are moving closer to FOMC, probably makes sense

[10:53] {strider} short KLAC .74

[10:55] {Threei} (EU) EU's Monetary & Affairs Commissioner Rehn: Greece "not out of the woods" just yet;

[10:55] {Threei} - Unsustainable deficits must be prevented

[10:55] {Threei} *(GR) S&P AFFIRMS GREECE RATING

[10:56] {nemo} mgm long .87?

[10:56] {Threei} I am more of LVS fan...

[10:56] {nemo} no accounting for taste

[10:56] {Threei} *(GR) S&P TAKES GREECE RATINGS OFF WATCH NEGATIVE, AFFIRMS BBB+ RATING

[10:56] {dino} cfsg l .00

[10:57] {magoo} futes going

[10:57] {Threei} UAUA 1:1

[10:57] {Les} ty

[10:57] {Threei} yw

[10:57] {strider} out +.12

[10:58] {jfjf64} i forgot bout uaua ty

[10:58] {Threei} lol

[10:58] {Threei} see how stess-free my calls are?

[10:58] {magoo} this is true

[10:58] {Threei} you can frget you have open position, and still profit

[10:58] {nemo} may speak more to forgetfulness moth brain

[10:58] {magoo} i was watching aig thinking it was my uaua

[10:59] {Threei} of course nemo, but let us enjoy the moment

[10:59] {nemo} sure

[10:59] {strider} stop KLAC -.12

[10:59] {Threei} (US) Treasury Sec Geithner: No chance the US will lose its AAA rating; political will is needed to cut deficits

[11:01] {fernp} USB Vad

[11:01] {fernp} Valid?

[11:01] {Threei} chart wise, yes...

[11:01] {Threei} I am a bit concerned about its speed

[11:01] {fernp} ok

[11:01] {Threei} normally, slow one would be fine,

[11:01] {Threei} but we are going to lose activity very soon

[11:02] {Threei} with FOMC

[11:02] {Threei} so, I am a bit put off by possibility to get in, get stuck till FOMC because of its slowness, then be a subjkect of wild whipsaws

[11:03] {fernp} i understand

[11:03] {strider} when is FOMC?

[11:03] {Threei} 2:15

[11:17] {magoo} .

[11:20] {Threei} NKE Trades near session highs as CNBC report gives further confirmation that Tiger Woods will return to golf for The Masters in April (70.85, +0.46, 0.65%)

[11:24] {jfjf64} wonder if wife traveling with him

[11:25] {Les} hehehe

[11:30] {strider} out VISN .25, +.14

[11:30] {magoo} i heard he will have a multiple blonde women caddies

[11:31] {Les} db CAGC or death?

[11:31] {dino} sweet

[11:31] {Threei} death les

[11:31] {Threei} IMO

[11:31] {magoo} aig well off the high

[11:32] {Les} good. s CAGC .48

[11:32] {Threei} I think it's going lower mags

[11:32] {magoo} yea...surely can

[11:34] {Threei} 48 out of 54 economists say stimulus was positive for US economy

[11:34] {Threei} here comes CAGC

[11:34] {Threei} and AIG :)

[11:34] {Les} and out +.32

[11:35] {jfjf64} nice wk les

[11:35] {Les} if you can get it jf

[11:35] {dino} cagc stopped

[11:35] {Threei} ugh... sorry dino, didn't realize you were long

[11:36] {dino} not your fault

[11:36] {Threei} no, I'd just have wiped that smirk off my face

[11:36] {dino} np

[11:36] {Les} dino had me sweating when he went long, I was already short

[11:37] {Threei} and I missed both your posts so just expressed my take on the stock... ignorance IS blisss

[11:39] {Les} I didn't post it. don't want people following my tomfoolery

[11:39] {dino} well, dumb dumb that i am, had .30 on it

[11:40] {Les} the long was the right call at the time

[11:40] {dino} greed got me

[11:40] {Les} as CAGC failed to breach .75, I felt more comfortable

[11:41] {Les} wow

[11:41] {Les} CAGC

[11:42] {Les} the DSW long was masterful. I was caught wrong side of that

[11:43] {dino} cagc most likely to high 25s then bounce

[11:43] {Les} athn got my attention now short side

[11:43] {Les} too late

[11:45] {Threei} RIMM Hearing Canaccord Adams making cautious comments (timing uncertain)

[11:45] {Threei} - note: Canaccord has a Buy rating on RIMM (74.69, -0.85, -1.13%)

[11:46] {Threei} GAZ...

[11:47] {Threei} tempting short chart wise, hate volume

[11:48] {Threei} scanners capitulation wndow is fully occupied by CAGC, lol

[11:48] {fernp} SDS breakdown, Vad?

[11:48] {Threei} well... that would be a play for market breakout

[11:49] {Threei} you feel like this is what is going to happen?

[11:49] {fernp} i feel nothing :-)

[11:49] {Threei} lay off that vodka, will ya :)

[11:49] {fernp} lol

[11:49] {fernp} i'll pass SDS

[11:50] {Threei} I think so...

[11:50] {Threei} I'd pass on breakout at this point

[11:50] {fernp} true

[11:50] {Threei} lol, now AIG joined CAGC in capitulation window

[11:51] {Threei} btw, forgot to ask, anyone went erlier for that momo break on WATG?

[11:51] {Les} n

[11:52] {Threei} gave nice spike after break, before fizzling out

[11:52] {Threei} BSX FDA staff issues executive summary on Expanded Indications for CRT-D based on MADIT-CRT Study

[11:52] {Threei} FDA

[11:52] {Threei} does not have any serious concerns regarding the design of the study. The sponsor

[11:52] {Threei} met with FDA during the design of the trial and incorporated FDA's feedback before

[11:52] {Threei} initiating the trial. Some modifications were made to the study protocol during the

[11:52] {Threei} study, but these changes were relatively minor in nature and did not affect the

[11:52] {Threei} primary safety or primary effectiveness outcomes.

[12:01] {Les} l cagc .64

[12:03] {Les} out .76

[12:04] {Les} vxx .45 break?

[12:04] {Les} betting on a b/d

[12:07] {Threei} I wouldn't

[12:07] {Les} ok

[12:09] {nemo} It's likely to get a tad hairy to play much of anything now

[12:10] {Les} I like it hairy

[12:10] {strider} too much information.

[12:10] {nemo} I ain't bitin'

[12:10] {Les} :O

[12:13] {Les} athn rinsed my short and then collapsed. SOB

[12:18] {nemo} sucks you can't short aig

[12:20] {magoo} looks like 33.50 area coming

[12:23] {fernp} FAZ .45 break? double bottom?

[12:23] {nemo} lunchtime FOMC break fern?

[12:24] {fernp} ty nemo

[12:24] {nemo} just a thought...

[12:25] {fernp} 5c stop... small shares... worth a try

[12:26] {nemo} if fas drips below .90, yeah

[12:28] {magoo} wfc may be bounce ready..not in

[12:30] {nemo} fas bounced right off that .90 support

[12:34] {Threei} careful guys... we are in a bery narrow range

[12:34] {magoo} bery"

[12:34] {Threei} this is Rinse Incorporated

[12:34] {nemo} or Roto-rooter

[12:34] {Threei} or that

[12:35] {Threei} Dendreon Corp Exec: Expects to be shipping commercial product in first half of 2011 (assuming FDA approves Provenge) - Roth conf

[12:35] {Threei} - Expects to be cash flow positive in 2011.

[12:35] {Threei} - Developing pipeline, will roll out new products every year between now and 2012.

[12:35] {Threei} - Reiterates looking to commercialize Provenge on its own, find international partners. Signing partners for distribution.

[12:35] {Threei} - Developing three manufacturing plants now.

[12:35] {Threei} ***Reminder: On 9/24/09 DNDN said it was still looking for an overseas partner, will sell the product itself in the US.

[12:35] {Les} fas demonstrating the principle perfectly

[12:35] {nemo} how so Les?

[12:35] {Les} the rinse. someone was long fas?

[12:35] {nemo} who?

[12:36] {Les} whatever. huge drop in last two bars on fas

[12:36] {nemo} you in faz fern?

[12:38] {fernp} yes

[12:38] {nemo} :)

[12:38] {fernp} .46

[12:38] {Threei} your 5 cents have arrived

[12:39] {fernp} i know you hate me :-)

[12:39] {Threei} why would I

[12:39] {nemo} not to be a (insert favorite perjorative noun here) why not short FAS?

[12:39] {Threei} I am all for 5 cets here and there... just gotta play serious shares to make it worthwhiel

[12:39] {nemo} you mean.......ese shares?

[12:40] {fernp} FAS stops too wide for me

[12:40] {Threei} wel... at least half ese, lol

[12:40] {fernp} I prefer FAZ

06[12:42] * nemo slaps Threei around a bit with a large trout

[12:42] {nemo} fas bounce/faz drop here?

[12:42] {Threei} why, oh why

[12:42] {nemo} because you can't in dcc

[12:43] {nemo} yo rinny!

[12:46] {Les} got luck on ATHN +.31

[12:48] {Les} mnkd threatening b/d. short. 87

[12:57] {Les} ITMN ready for b/d

[13:01] {nemo} fcx: can you say bear trap?

[13:02] {nemo} ?

[13:02] {Les} DSW wants up. is that a bull flag?

[13:03] {Threei} IMO{ you guys are trying to find a pattern where there is none

[13:03] {Threei} it's random noise right now

[13:04] {nemo} looked for can't be seen, listened for...

[13:04] {Threei} there is no method for this madness

[13:12] {Threei} Preview: FOMC rate decision due out around 14:15ET

[13:12] {Threei} ***The FOMC is expected to hold rates again today and will likely maintain its "extended period" language after making two significant adjustments since the last meeting. First, at the Jan 27 meeting, Kansas City Fed President Thomas Hoenig raised a dissent against the "extended period" language, stating that economic and financial conditions have improved enough that language was no longer warranted. Then on Feb 18, the Fed raised the Discount rate 25 bps to 0.75%, but couched it as a move toward "normalization" that does not reflect a change in policy outlook. Its likely the FOMC is allowing these changes to sink in and won't move again so soon, particularly as economic over the last six weeks has been tepid.

[13:13] {magoo} aig bouncer vad?

[13:13] {nemo} I wonder if they'll keep the comma, or go to a semi-colon?

[13:14] {Threei} mags, yes, but I doubt I can get a reliable read on it

[13:15] {Les} mnkd stopped

[13:22] {dino} throwing tbt tlt on scanner

[13:28] {Threei} AIG, wanna try and short .50 break?

[13:28] {Threei} or it's still unavailable?

[13:28] {Threei} yeah

[13:30] {Les} watching it. don't know if I can short it here

[13:30] {Les} I can

[13:33] {Threei} so do

[13:33] {Threei} fair setup

[13:33] {Threei} stop tight enough

[13:34] {Threei} Honda brake recall

[13:34] {dino} wx

[13:34] {Threei} Odyssey and Element

[13:34] {Threei} no acidents, customers complain about "feel of pedal"

[13:35] {Les} :)

[13:35] {dino} too fast wx

[13:35] {Les} don't like feel of this chat room. recall and refund an option?

[13:35] {Threei} me thinks younder customers complain too much

06[13:36] * nemo slaps Les around a bit with a large pick axe

[13:36] {dino} tired of all this "feel" talk from everybody

[13:36] {strider} well, dino--how does that make you feel?

[13:37] {strider} :)

[13:37] {nemo} can't read strider

[13:37] {dino} today, no feel, lol

[13:37] {nemo} I thought you said you were tired

06[13:37] * Threei puts Les in nearest Prius, chains him to the headrest, inserts 2x4 between driver's seat and gas pedal, saws brake pedal off...

[13:37] {dino} tired, yes, indeed

[13:37] {nemo} near the matterhorn Vad

[13:37] {Les} ouch. don't feel like that...

[13:37] {nemo} either that, or run him into Lake Geneva

[13:37] {Threei} how do you feel NOW?

[13:38] {Les} no feeling left

[13:38] {Les} I feel like a beer

06[13:38] * Threei shares beer with dino why both opbserve Les's Prius disappearing in the perspective

[13:38] {Threei} why = while

[13:39] {Les} oh and here I though you were getting philosophic

[13:39] {Threei} I am

[13:39] {Threei} beer is philosophy

[13:39] {nemo} Philosophy of mayhem

[13:39] {Threei} and proof of heavens loving us

[13:40] {dino} bye bye les (no les, no more)

[13:41] {Threei} now, since we are on the subject of feelings and philosophy:

[13:41] {Threei} 'Of what use is a philosopher who never hurts anyone's feelings?'

[13:41] {Threei} Diogenes the Cynic, 300 BC.

[13:42] {nemo} look what it got Socrates...a strong cup of tea

[13:42] {strider} Problems begin when people have their ideas wired to their pheelings.

[13:43] {nemo} No shit...my ex blamed her weight gain on me, go figure

[13:45] {strider} So, has she lost the weight, now that you're not around?

[13:45] {nemo} of course not...gotten heavier actually

[13:45] {strider} That's your fault , too.

[13:45] {nemo} Yeah, I'm not there

[13:47] {Threei} well, classic line on that must be my wife's, contemplatively, when talking about some unplesant event beyond human control: Somehow it must be your fault... no idea how but it just must be

[13:48] {strider} MannKind mentioned cautiously at Oppenheimer

[13:48] {strider} Oppenhimer believes MannKind's conference call raised more questions than answers and that a capital raise is imminent for the company. The firm estimates shares are worth $2 and keeps an Underperform rating on the name. :theflyonthewall.com

[13:48] {Les} thanks. scalping it on the way back down. owes me money

[13:53] {Les} out aig +.07. had to chase a little. watching if this bounce is prelude to another drop

[13:54] {Les} aig long?

[13:55] {Threei} why?

[13:55] {Les} big vol going long. thinking reversal and long at .50

[13:56] {Les} it just snapped. something changed

[13:56] {Threei} US) US Treasury Official: There are serious concerns over China's FX policy; will review Senate proposals

[13:56] {Threei} - highlights recent reserve builds and economic rebound as indications China should seek to continue the appreciation of its currency

[13:56] {Threei} - Note: Earlier Senators issued a proposal lamenting China's FX policies

[13:57] {jfjf64} you in this les

[13:58] {jfjf64} guessnot

[13:58] {magoo} took aig cross of 33.50

[13:58] {magoo} bam

[13:59] {magoo} only hl tho

[13:59] {magoo} out .08

[13:59] {jfjf64} hl

[13:59] {Les} yeh. saw it happening. too gutless to hit the buy button

[13:59] {jfjf64} half lot dirrrrrrrrr

[14:00] {magoo} thgats why half

[14:00] {jfjf64} didnt know your abbrev

[14:01] {jfjf64} look lk a superstar

[14:01] {jfjf64} lol

[14:01] {nemo} interesting volume on fcx db

[14:13] {nemo} guess the news got out

[14:13] {dino} unchanged

[14:14] {nemo} yep

[14:14] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:14] {Threei} - Vote 9-1; Hoenig dissents, feels language on extended period could cause imbalances

[14:14] {Threei} - Discount rate unchanged

[14:14] {Threei} - Labor market is stabilizing; employers are still showing reluctance to add to payrolls

[14:15] {Les} yay, blow us a new bubble

[14:16] {dino} strange, no reaction

[14:17] {nemo} ?

[14:17] {dino} typically we move 80-120 pts one way, then reverse

[14:17] {Threei} muted reaction

[14:20] {dino} bet, up 110

[14:22] {Threei} 70

[14:23] {Les} 48

[14:23] {fernp} 66

[14:23] {jfjf64} 52

[14:24] {nemo} hike

[14:24] {jfjf64} have no idea

[14:24] {jfjf64} 65

[14:26] {Threei} new version of ramming healthcare bill through is known as "self-executing rule"

[14:26] {Threei} gives me an idea...

[14:26] {Threei} can we have self-executing politicians?

[14:26] {Les} well they self-execute their salaries

[14:26] {Les} was that what you had in mind?

[14:27] {Threei} not even close

[14:29] {nemo} they should have automatic self-destruct mechanisms after 2 terms

[14:34] {dino} cfsg to .30

[14:35] {Threei} Intel Corp May not be offering a pre- announcement - CNBC citing sources

[14:35] {Threei} - Note: Earlier today chatter circulated that Intel could release a positive pre announcement of earnings soon

[14:35] {Threei} lol

[14:36] {Threei} Comparative analysis of current vs Jan 27 FOMC statements: maintains "extended period" language, vote again 9-1; minor revisions on labor market; adds that it will use policy tools as needed

[14:36] {Threei} - the economy statement reiterates that "economic activity has continued to strengthen' but mildly revises the outlook for jobs stating "the labor market is stabilizing" (revised from "the deterioration in the labor market is abating"). Another minor revision is a nod toward the commercial real estate market, with the new statement noting "investment in nonresidential structures is declining (adding the word 'nonresidential'). Reiterates that household spending is expanding at a moderate rate but remains constrained, but adds a note that "high unemployment" (revised from "a weak labor market") is one constraint. The statement still sees business activity picking up in some sectors and reiterates "employers remain reluctant to add to payrolls." Reiterates that " the pace of economic recovery is likely to be moderate for a time."

[14:36] {Threei} The inflation statement is unaltered: "With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be subdued for some time."

[14:36] {Threei} Reiterates expectation for "exceptionally low levels of the federal funds rate for an extended period" due to subdued inflation trends and low rates of resource utilization. On securites purchasing programs, the FOMC now states that "The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability" (revised from " will continue to evaluate its purchases of securities in light of the evolving economic outlook and conditions in financial markets). The statement does not alter timing on the wind down of existing liquidity programs, noting "The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close on June 30 ."

[14:36] {dino} wow reverse slip out .34 cfsg, +.34

[14:40] {Threei} CAT

[14:41] {Threei} never mind, late

[14:42] {jfjf64} comon what ya tryin to do to us

[14:42] {jfjf64} lol

[14:42] {Les} aig back below .50

[14:43] {Threei} .25 if holding .20, CAT

[14:43] {Threei} Long Setup: CAT .25 if stays above .20

[14:43] {dino} cagc 25s

[14:45] {nemo} .20 recross?

[14:45] {nemo} damn

[14:56] {Les} dsw coming back down

[14:56] {dino} watching it

[14:57] {Threei} double bottom scenario worked on it nemo

[14:57] {dino} cagc l .10

[14:57] {nemo} yeah, I was writing as it tripped .20

[14:57] {nemo} spy started up just before it

[14:59] {Threei} (US) House of Rep Tax and Trade Panel Chmn Levin: May extend the 2009 estate tax policy, may be retroactive (related TLT SHY )

[15:00] {dino} out .32 ave cagc, +.22

[15:01] {dino} back in 10

[15:01] {nemo} back in cagc at 10?

[15:02] {dino} no

[15:02] {Threei} lol

[15:02] {dino} i have to leave for 10

[15:02] {nemo} :)

[15:02] {fernp} lol

[15:06] {magoo} LVS vad

[15:06] {magoo} LVS vsd

[15:07] {fernp} Good evening everybody. See you all tomorrow

[15:07] {magoo} c u fern

[15:07] {fernp} take care mags

[15:09] {jfjf64} good day all

[15:10] {magoo} bye jf

[15:12] {Les} aig selloff

[15:12] {Threei} take care fern jf

[15:12] {Les} bye all

[15:12] {Les} that are leaving now

[15:12] {Threei} mags, my take on LVS

[15:12] {magoo} sheesh, bunch of slackers vad

[15:12] {Threei} leave it be for today, let it consolidate cloe to high

[15:12] {nemo} wynn up over a buck since I mentioned it this morning

[15:12] {Threei} look at daily

[15:13] {Threei} this is perfect for TGOMORROW's breakout

[15:13] {magoo} mgm too boss

[15:13] {Threei} today, coin toss

[15:13] {Threei} yes, will follow, but LVS is better play

[15:15] {magoo} well..thats why we pay u...and not magoo

[15:16] {nemo} Always talk about yourself in the 3rd person?

[15:16] {magoo} magoo almost never does that

[15:16] {nemo} Ahhh, evil-twin syndrome

[15:17] {magoo} crazy climber today vad was GE

[15:17] {magoo} wells high

[15:17] {dino} darn, i leave and dsw goes

[15:17] {dino} cagc 25.80s

[15:22] {magoo} ok, i have apptmt..c u morrow

[15:22] {Threei} slacker!

[15:22] {magoo} :)

[15:23] {dino} strike action happening imo

[15:24] {dino} amsc, dsw, snda, cagc, 5s 0s

[15:27] {Les} sorry dino, could you elaborate please?

[15:28] {nemo} stock prices on op ex week tend to move to where the greatest percentage of options will expire worthless

[15:28] {Les} ah. max pain

[15:28] {nemo} no...that's you

[15:29] {Les} ok. that was funny

[15:29] {Threei} lol

[15:29] {Threei} it was

[15:29] {Les} don't encourage him vad

[15:29] {nemo} yeah, sorry...someone sticks there chin out like that...can't help myself

[15:29] {Threei} also, pleasant - I am happy to yiled that title to someone else

[15:30] {Threei} I have to Les... sense of humor is one thing I can't help but credit

[15:31] {Les} still. that is what "max pain" is, isn't it?

[15:31] {nemo} yes

[15:32] {dino} what nemo said, plus 5s and 0s seem to be magnets

[15:32] {Les} right

[15:39] {dino} cagc lod

[15:40] {Threei} see how LVS struggles here?

[15:40] {Threei} but creates such a perfect base for tomorrow's break

[15:47] {strider} trev, dcc..

[15:52] {dino} snda 40s

[15:59] {Threei} ok guys, thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {nemo} cya

[15:59] {Les} u too. thanks

[15:59] {dino} thx all, slow day, but profitable

[16:00] {Les} it was a good day.

[16:01] {dino} glad to hear that les

[16:01] {dino} for tomorrow, ancc, cfsg, dsw, sam, snda, strl, cagc, jst