Nov 18 2008
Started out slow and boring, and for quite a while seemed to stay this way; even very nice GS trade hasn't brought much since it was offset by a few stops. Then last hour activity brightened the day as we were able to nail almost exact reversal point. All in all, ended up nicely.
Session Time: Tue Nov 18 00:00:00 2008
[07:54] {Threei} 11/18/08 07:30am
[07:54] {Threei} [IDMI] IDM Pharma Inc EU's CHMP provides positive recommendation for approval of Mifamurtide for non-metastatic, resectable osteosarcoma
[07:54] {Threei} - EU's CHMP issued a positive opinion, recommending grant of a centralized marketing authorization for mifamurtide (L-MTP-PE), known as MEPACT in Europe, for the treatment of patients with non-metastatic, resectable osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults.
[08:30] {Threei} *OCT PRODUCER PRICE INDEX M/M: -2.8% V -1.9%E
[08:30] {Threei} PPI EX FOOD&ENERGY M/M: 0.4% V 0.1%E
[08:33] {Threei} UAUA
[08:33] {Threei} FEDERAL COURT ISSUES PRELIMINARY INJUNCTION AGAINST ALPA TO PROTECT UNITED CUSTOMERS, EMPLOYEES
[08:44] {Threei} 11/18/08 08:05am
[08:44] {Threei} [XTLB] Biopharmaceuticals ADS Top-line results from the Bicifadine Phase 2b Study for Diabetic Neuropathic Pain failed to meet primary and secondary endpoint
[08:44] {Threei} - The trial's primary objective was to compare the efficacy of two doses of Bicifadine against placebo in reducing pain associated with diabetic neuropathy.
[08:44] {Threei} - The primary endpoint of the study was the reduction in pain score during the course of treatment.
[08:44] {Threei} - The company announced that the study failed to meet its primary endpoint.
[08:44] {Threei} - The trial also failed to meet secondary endpoint
[08:45] {Threei} wow
[08:45] {Threei} is that for real?
[08:48] {hawkfan4} good morning
[08:48] {lisa_jay} Goodmorning everyone.
[08:48] {Threei} hawk :)
[08:48] {Threei} lisa :)
[08:49] {Threei} imagine being an investor in XTLB and waking up to this
[08:49] {magoo} morning
[08:50] {hawkfan4} 7 cents/share? ouch
[08:52] {Threei} magoo :)
[08:52] {lisa_jay} 9:30 Hank and Bernanke speech
[08:52] {lisa_jay} hope i got the time correct.
[08:52] {Threei} amazing adventures of hank and bernie?
[08:53] {magoo} is UAUIA news significant?
[08:53] {Threei} market doesn't think so
[08:54] {Threei} market serious recovery from lows
[08:54] {Threei} lifted by HPQ guidance I suppose
[08:54] {magoo} PPT being discussed on CNBC
[08:54] {magoo} so its real
[08:54] {magoo} no, now saying its crap
[08:54] {magoo} lol
[08:54] {Threei} lol
[08:55] {magoo} goes back to 87 crash...tooth fairy tales lol
[08:55] {magoo} hey vad, how can we lose taking some XTLB long? bottom is .07 cents
[08:55] {magoo} upside could be dollar
[08:56] {magoo} was news that bad?
[08:56] {Threei} I've no idea
[08:56] {Threei} I mean, it's bad,
[08:56] {Threei} but main question is
[08:56] {Threei} is this the end of the company? Or they have somehting else to fall back on?
[08:56] {magoo} well we take 1000 syhares it goes to zero..we lose 70 bux
[08:56] {Threei} I am not up to researching that, sorry :)
[08:57] {Threei} yeah, this kind of research I understand
[08:57] {magoo} 2k..140 bux risk..where am i missing here?
[08:57] {Threei} with only correction, I'd consider 150-200 bucks a non-issue
[08:57] {Threei} and took 2-3K
[08:57] {magoo} u did already?
[08:57] {Threei} no but finger on a trigger
[08:58] {Threei} ultimate risk-based setup
[08:59] {Threei} meaning, no idea what odds of it working are, but even if it's less than 50%, risk is negligible and upside is lucrative
[08:59] {lisa_jay} True Speculators....
[08:59] {Threei} how often do you get a shot at $1000 for the price of $150? :)
[09:00] {magoo} let me know when u go ok? im going too
[09:00] {Threei} shurg... any kind of buying coming in
[09:00] {magoo} no
[09:00] {Threei} let's say .8 getting hit
[09:00] {Threei} there you go
[09:00] {magoo} now
[09:00] {Threei} why not :)
[09:01] {Threei} who cares wherther it's .07 or .08? :)
[09:02] {lisa_jay} r u in Vad or Magoo?
[09:02] {lisa_jay} XTLB
[09:02] {Threei} yes, .09
[09:02] {Threei} .08
[09:02] {lisa_jay} 1 lot or 2?
[09:02] {Threei} 2
[09:03] {magoo} in .09
[09:03] {Threei} from the beginning of this trade it's "money thrown out" in my mind
[09:05] {Onix} Good morning all
[09:05] {Threei} onix :)
[09:05] {KSystems} good morning
[09:05] {Threei} ks :)
[09:05] {KSystems} vad :
[09:05] {KSystems} )
[09:11] {dptl} good morning all
[09:11] {Geo} you bought 2 lots vad?
[09:11] {Geo} gm :)
[09:11] {Threei} dp, geo :)
[09:12] {magoo} vad, any recent news bidu ?
[09:12] {magoo} also goog, cme?
[09:12] {Threei} BIDU no
[09:12] {Threei} GOOG no
[09:13] {Threei} CME no
[09:14] {Geo} i bought 2 lots at .09 hehehehe
[09:14] {Threei} you are up 40 bucks
[09:14] {Geo} yeah
[09:14] {Geo} way to go setup vad
[09:14] {Geo} :)
[09:14] {Threei} lol
[09:14] {Geo} might erase yesterday's pain
[09:15] {magoo} i called laserdave, i wanted 10k he he
[09:15] {Geo} magoo lol
[09:15] {magoo} he not awake
[09:15] {Geo} reminds me of the wachovia 7 cent story
[09:15] {Threei} pain?
[09:15] {Threei} sheesh
[09:16] {ese} morning......
[09:16] {Threei} we need to agree on some definitions
[09:16] {Threei} ese :)
[09:16] {Geo} this dude bought 10 thousand dollars of wachovia at 7 cents and sold by 7 dollars
[09:16] {Geo} made a few mills
[09:16] {Threei} 'cause if $96 loss for the day is a definition of pain
[09:16] {Geo} not the money vad
[09:17] {Geo} watching lord vader fruystated was painfull
[09:17] {Geo} lol
[09:17] {Threei} frustrated?
[09:17] {Threei} I must be projecting something that I don't even know about, lol
[09:17] {Geo} so why does p/l stuck on last of 2.23 vad?
[09:17] {Threei} bored out of my mind
[09:18] {Threei} before open it's probably based on closing price
[09:18] {laserdave1} magoo dcc please
[09:18] {Geo} ahhh
06[09:18] * Threei slaps laserdave1 around a bit with a large trout
[09:19] {lisa_jay} Nice XTLB
[09:20] {Threei} plan:
[09:20] {dino} gm all
[09:20] {Threei} dino :)
[09:20] {Threei} putting it for sale at .50, going for a smoke, returning and if it's still there hitting sell button not looking at the price
[09:20] {Threei} just kidding... but going for a smoke nonetheless
[09:20] {cosmo} smoke?
[09:21] {muddleheaded} Hi.
[09:25] {cosmo} ONNN: # ON Semiconductor withdraws from proposal to acquire Atmelat MarketWatch(Tue 9:13am)
[09:26] {Threei} mudd :)
[09:26] {Threei} what, not .50 yet??
[09:26] {dino} clf cx's their buyout of alpha
[09:27] {peterg} morning
[09:27] {Threei} peter :)
[09:29] {Onix} hi dino, mudd, peter
[09:29] {peterg} onix
[09:30] {Threei} TREASURY SEC PAULSON: TARP NOT A 'PANACEA' FOR ALL ECONOMIC DIFFICULTY
[09:31] {peterg} thanks hank for the reality bite4
[09:31] {peterg} bite
[09:31] {Threei} FED'S BERNANKE: THERE ARE SOME SIGNS CREDIT MARKET IS IMPROVING, FED MONEY MARKET FINANCING SHOULD BE UP AND RUNNING NEXT WEEK
[09:31] {peterg} NYT sez to GM: chapter 11 is for U
[09:32] {peterg} cites British Leyland as example of good money after bad
[09:33] {Geo} whats targets on xtlb vad?
[09:33] {Threei} lol, I've no idea
[09:33] {Geo} lol
[09:33] {Threei} LVS
[09:35] {Threei} nah, never mind
[09:35] {Threei} no structured setup
[09:39] {dino} pru sm l .75 wide
[09:45] {Threei} Long Setup: ADBE 23 break half lot
[09:46] {Threei} stop under .80
[09:46] {Threei} for scalpers under .9-
[09:46] {Threei} .90
[09:52] {lisa_jay} Stopped on ADBE
[09:54] {Threei} yup
[09:54] {Onix} yup
[09:54] {Threei} wow CME
[09:55] {Threei} brutal
[09:56] {dino} no mercy
[10:01] {Threei} GE
[10:01] {Threei} RECALLING 244K WALL OVENS DUE TO RISK OF FIRE
[10:01] {Threei} so, not only they can't manage finances, they can't make appliances either?
[10:02] {Threei} Long Setup: DELL .52, stop under .40
[10:04] {laserdave1} magoo dcc please
[10:06] {Threei} FMCN some power
[10:06] {Threei} watching, not sure of entry yet
[10:07] {Threei} obvious setup is .40 break, little C&H
[10:07] {Threei} and nice juicy offer at .37 to take
[10:08] {Threei} will depend on where it bottoms out before break
[10:08] {Threei} ideally, if holding this .30 level
[10:10] {Threei} (US) FDIC BAIR: CONFIDENCE IN MARKETS HAS BEEN 'DEEPLY SHAKEN'
[10:11] {Threei} and I thought I was master of stating the obvious
[10:12] {lisa_jay} dELL still valid Vad?
[10:12] {Threei} DELL spiked into resistance a bit too fast
[10:12] {lisa_jay} ok, thanks
[10:12] {Threei} I'd love to see one more pullback before triggering
[10:12] {dino} urbn l .40 stop lod
[10:12] {Threei} too easy to turn into trap
[10:14] {Threei} any dive to or under .50 on DELL while market remains strong, going to grab it
[10:14] {Threei} chasing, nah... too tortured move
[10:15] {Threei} FMCN offer disappeared
[10:15] {Threei} too bad, was a great indication
[10:16] {lisa_jay} q;s reverse h&s?
[10:16] {Threei} nonetheless, still valid as long as you align position size with stop under .25, plus some slippage
[10:16] {Threei} yes lisa
[10:17] {Threei} DELL got away
[10:17] {Threei} oh well
[10:18] {Threei} Long Setup: INTC .11 if stays above 13
[10:21] {dptl} long intc,long fmcn
[10:22] {Threei} FMCN looks encouraging
[10:23] {Threei} stop can be trailed to under .30
[10:24] {Threei} these sudden market jerks are annoying
[10:27] {Threei} seeing these big bids on FMCN, I'd suggest stop trailing to under .35
[10:27] {Threei} risk will be minimized, and if those bids are hit or withdrawn, it's most likely will go lower anyway
[10:27] {Threei} makes sense?
[10:27] {dptl} yep
[10:27] {Threei} kewl
[10:28] {Onix} in FMCN 7.42 & INTC 13.11
[10:28] {Threei} ok market
[10:28] {Threei} time to do something stunningly stupid
[10:29] {lisa_jay} Same here Onix.
[10:29] {Threei} like go up couple hundred points
[10:29] {Threei} then look down, feel dizzy and drop all the way back
[10:29] {Onix} i like your attitude Vad
[10:30] {Threei} magoo... we have 1:1 on XTLB {VBG}
[10:30] {Threei} out FMCN
[10:30] {dptl} stopped fmcn
[10:30] {lisa_jay} FMCN Stopped
[10:31] {Threei} this was brilliant stop tightening
[10:31] {Threei} look how much it saved us
[10:32] {lisa_jay} :-)
[10:32] {Onix} stopped
[10:33] {Threei} extreme risk control here would be INTC stop trail to .04
[10:34] {Threei} not sure it's worth it
[10:34] {dino} clf sm l .90
[10:34] {Threei} decide for yorself depending on tolerance
[10:34] {Threei} chart wise it makes sense,
[10:35] {Threei} but with this market jerkiness it may be too easy to get stopped out prematurely
[10:35] {Threei} so it's more about whether those 5 cents saved are important for you
[10:37] {dino} clf stopped
[10:39] {dino} i am turning into a rinse machine,
[10:39] {Threei} market is set on a Wash Rinse Repeat cycle
[10:40] {dino} don't follow me today anyone, i'm trying different sizes/stops
[10:41] {Threei} now trailing to under .05 makes more sense on INTC
[10:44] {dino} urbn stopped -.17
[10:46] {magoo} vad, still in XTLB?
[10:46] {Threei} yeah but not delighted
[10:46] {magoo} no enthuisiam
[10:46] {Threei} this kind of drop often causes initial quick countereaction
[10:47] {Threei} when it's dragged out for so long, it can do anything
[10:47] {Threei} or nothing
[10:47] {magoo} longer it takes...nothing more likely
[10:48] {Threei} yeah
[10:48] {dino} uthr sm s .58, stop .08
[10:49] {Threei} I'll set a stop under .16 mags
[10:49] {dino} well that was fast
[10:49] {dino} i pretty much suck this week
[10:49] {Threei} mostly out of lack of desire to nutrure it
[10:50] {Threei} week just started dino... we both have a lot of opportunities to suck much more
[10:50] {lisa_jay} Breakouts are all failing.
[10:51] {Threei} we tried two so far, both did
[10:51] {hawkfan4} it could be worse, i suck and i have the ZLOB virus on my main machine
[10:51] {Geo} my wife thinks i am a zlob
[10:51] {hawkfan4} LOL
[10:52] {Threei} lol
[10:52] {lisa_jay} Sorry to hear that Hawk.
[10:52] {Threei} easy to remove hawk
[10:52] {lisa_jay} Now Q's h & s
[10:52] {hawkfan4} really? please help
[10:52] {lisa_jay} ?
[10:52] {Threei} http://www.symantec.com/security_response/writeup.jsp?docid=2005-042316-2917-99&tabid=3
[10:53] {hawkfan4} cool beans, i'm on it :) thx
[10:56] {Threei} if you don't have Norton, here is instruction how to remove it manually... a bit labortous but still easy
[10:56] {Threei} http://www.spywareremove.com/removeZlob.html
[10:56] {dptl} what does it do...zlob?
[10:56] {hawkfan4} yeah, i've been trying manually. nasty thing disabled my AVG free and won't let me browse to any spyware websites
[10:58] {Threei} dp... ruins your marriage, kills your liver and moves around everything on your desk so you can't find anything
[10:58] {dptl} geee nasty thing... lol
[10:59] {Threei} yeah, creators tried to imitate the alcohol overconsumption impact
[11:03] {lisa_jay} Q's broke down...
[11:05] {Geo} scratched INTC
[11:06] {Geo} choppppppy today
[11:06] {lisa_jay} Yes.
[11:07] {Threei} little scalps on bounces is about all you can do in this market
[11:07] {Threei} takes a lot of patience to wait this chop out
[11:08] {lisa_jay} Mental paper trading helps...
[11:08] {lisa_jay} :-)
[11:08] {Threei} sure
[11:08] {Threei} it's a kind of "if market does nothing, that's about all you can do" thing
[11:09] {lisa_jay} Paper trade - long q's at .35, stop under .30
[11:10] {dptl} stopped intc
[11:15] {Threei} FED'S BERNANKE: USD REMAINS 'PREMIER' WORLD CURRENCY, USD SYSTEM 'NOT DEAD'
[11:16] {Threei} what kind of wording is that...
[11:18] {dino} "undead"
[11:18] {dino} fcx l .00
[11:19] {dino} deck blood
[11:19] {Threei} quote of the day:
[11:19] {Threei} “The system has to be set up so an idiot can run it. Because eventually one will.”
[11:21] {Geo} did you pitch xtlb vad?
[11:22] {Threei} ditch?
[11:22] {Threei} yes
[11:22] {Geo} .16?
[11:22] {Threei} yup
[11:22] {magoo} me too .16
[11:22] {Geo} oh well
[11:22] {Geo} Ill sell it at a buck yet
[11:23] {lisa_jay} Nice trade Vad, Magoo, Geo.
[11:23] {Geo} ummm remove geo from that one
[11:23] {lisa_jay} You took the trade. Still up .04
[11:23] {lisa_jay} on 2 lots
[11:24] {lisa_jay} Stopped on my Q's paper trade - .06
[11:27] {Chaeron} Good morning all... sorry I'm late
[11:27] {Threei} chaeron :)
[11:27] {lisa_jay} Hi Chaeron.
[11:28] {Geo} nothing earthshattering yet chaer
[11:29] {Threei} UAUA strangely resilient
[11:30] {Chaeron} thanks guys... was hoping you'd all wait for me
[11:30] {Threei} we wouldn't... but market did
[11:30] {Chaeron} heheh
[11:30] {Threei} we actually planned on getting all the good trades before you wake up
[11:31] {Threei} but wolves decided otherwise
[11:31] {Threei} RIMM
[11:31] {Threei} STRENGTH PARTIALLY ATTRIBUTED TO RENEWED TAKEOVER CHATTER
[11:31] {Threei} - IBM rumored as a potential bidder
[11:32] {Threei} IMF'S STRAUSS KAHN: IMF REQUIRES ADDITIONAL RESOURCES AS SITUATION MAY BECOME WORSE MEDIUM TERM
[11:32] {Threei} ummm
[11:32] {Threei} are we about to bail out IMF?
[11:33] {lisa_jay} Dell
[11:33] {magoo} any interest in q play vad?
[11:35] {Threei} I wish I could see how
[11:36] {Threei} what I see is this untradable pattern:
[11:36] {Threei} loss of support,
[11:36] {Threei} immediate bounce with break of resistance
[11:36] {Threei} can't short breakdown,
[11:36] {magoo} i was thinking long
[11:36] {Threei} can't buy for bounce because it bottoms out with no indications,
[11:37] {Threei} doesn't form any bounce patterns, just goes up off some random point
[11:37] {Threei} this is a situation where any entry is practically just a crap shoot
[11:37] {muddleheaded} cosmo did you buy ONNN? Ther might be a break here.
[11:37] {magoo} feels like poer up
[11:37] {magoo} power
[11:38] {dino} hod
[11:38] {Threei} yes mags... but will you entry into such spike?
[11:38] {Threei} enter
[11:40] {Threei} pullback to about .40, maybe
[11:45] {Threei} worked like charm
[11:45] {Threei} anyone went for it?
[11:48] {Threei} loud snor is an asnwer too I guess
[11:48] {lisa_jay} Nope, did not go for it...
[11:49] {Threei} I would feel sad about being ignored, but being a married man I am quite used to it
[11:50] {dino} lol
[11:50] {lisa_jay} Here comes the power up? c'mon it's lunch time...need some money for food :-)
[11:51] {Threei} whoa MET
[11:54] {Chaeron} Joe Lieberman holds his chairmanship in the US Senate - Senate Majority Leader Harry Ried just announced
[11:54] {Threei} if this pattern of pullback.spike hoplds, then Qs next entry is pullback to .50
[11:54] {dino} met blood again
[11:55] {Threei} (EU) ECB'S LIIKANEN: ECONOMIC GROWTH DECELERATED OVER THE LAST SEVERAL WEEKS
[11:55] {Threei} growth?
[11:55] {Threei} wasn't there official admission of Germany/EU recession?
[11:55] {magoo} RIMM strong
[12:01] {lisa_jay} Does any one know when Bernanke and Paulson are done testifing?
[12:02] {lisa_jay} Thanks.
[12:02] {Threei} Long Setup: GS small shares 65 break if stays above 64.70
[12:07] {dino} deck
[12:07] {Threei} in GS .65, stop under .50
[12:07] {Threei} in Qs .49, stop under .40
[12:08] {dawg} in GS .67
[12:09] {Threei} come on GS, break
[12:10] {dptl} in q's too
[12:11] {Threei} good boy GS
[12:11] {magoo} in gs.q
[12:11] {magoo} wait gs .47
[12:11] {Threei} half out 65.19
[12:12] {dawg} half out .24
[12:12] {Threei} scalpers just get out
[12:12] {Threei} sharp spike
[12:13] {dawg} jout in full .29
[12:13] {Threei} daytraders, feel free to exit here
[12:13] {magoo} out here .37 TY BOSS
[12:13] {Threei} out .49 in full
[12:13] {Threei} whew
[12:13] {Threei} finally nailed a good one
[12:13] {magoo} really :)
[12:13] {Threei} +.84
[12:14] {Threei} if my math is correct
[12:14] {Chaeron} can you feed the Q's what you gave GS? :)
[12:14] {Threei} hash brownie?
[12:14] {peterg} good old days
[12:15] {Threei} this is "patience is a virtue" in action
[12:15] {Threei} waiting half of the day, to finally get a worthy one
[12:15] {Geo} ahhhh you saying patience is virtuous
[12:16] {patience} very
[12:16] {dptl} come on q's
[12:17] {Chaeron} hmmm... another oil tanker pirated? geesh
[12:18] {Threei} really/
[12:18] {Threei} ?
[12:18] {Chaeron} yeah... was on tv...
[12:18] {Geo} what has the world come too
[12:18] {dino} good girl patience
[12:18] {Geo} we cant control a bunch of rag tag somalies in rubber duckies
[12:18] {Chaeron} I think I'd look dashing with a sword
[12:18] {Threei} don't you find it hard to believe this kind of things is possible in 21st century?
[12:18] {Chaeron} oh not a tanker I think... just a ship
[12:19] {Chaeron} I'll find story
[12:19] {Chaeron} ... if you get Q's over .70
[12:19] {dino} either way pathetic
[12:19] {Threei} piracy was supposed to be this romanticized thing of the past... black patch over one eye, wooden leg, parrot on the shoulder, "ahoy mate"...
[12:19] {Geo} now its called investment bamking
[12:19] {Threei} bamking is right
[12:20] {dptl} damn it...stopped q's
[12:20] {Geo} sheesh
[12:20] {Geo} kille din Q and missed GS
[12:20] {Geo} i need how coco
[12:20] {Geo} hot
[12:21] {KSystems} I could offer you got salmon-flavoured coffee
[12:21] {KSystems} got=hot
[12:21] {dptl} taking a break...nothing but frustration this month for me...
[12:21] {Geo} thanks K
[12:21] {Chaeron} BEIJING, Nov 18 (Reuters) - A Hong Kong cargo ship loaded with wheat bound for Iran has been hijacked by pirates in the Gulf of Aden, the official Xinhua agency said on Tuesday citing China's maritime search and rescue centre.
[12:22] {Geo} wheat eh? wink wink
[12:22] {Threei} so they have bread and oil now
[12:22] {KSystems} what more do you need
[12:22] {KSystems} *sigh*
[12:22] {Threei} as soon as they hijack a ship loaded by CEDC, they are set
[12:29] {Threei} SENATOR SHELBY: THERE IS PRETTY MUCH NOTHING THE HEADS OF THE BIG THREE CAN SAY TO CONVINCE ME THEY DESERVE A BAILOUT
[12:29] {Threei} - Calls GM and Ford businesses based on a "failed model." A bailout would be "postponing the inevitable."
[12:30] {Threei} I think it was Unforgiven
[12:30] {Threei} "Deservin' ain't gotta do nothin' with it"
[12:31] {Threei} who cares whether they deserve it or not
[12:31] {Threei} think in categories of whether it's going to resolve something or not
[12:32] {dino} all they need is debtor guaranteed financing, chapter 11 bankruptcy. the govt. could do this much cheaper than forestalling the inevitable
[12:44] {Threei} whole discussion is somewhat out of this universe
[12:44] {Threei} I don't see anyone seriously addressing what is going to change the situation if they get money
[12:45] {Threei} is it just to finance current patroll and other expenses?
[12:45] {Threei} what to do after they burn through it?
[12:45] {Threei} if not, what is the money for?}
[12:50] {Geo} .
[12:51] {Threei} yeah
[12:51] {Geo} ok still here
[12:51] {Threei} let's paper shor Qs here
[12:51] {Threei} stop above .25
[12:57] {dino} some pain out there today, pru, met, deck, all infra stocks
[13:00] {Threei} NOV NAHB HOUSING MARKET INDEX: 9 V 14E
[13:01] {Threei} 1:1
[13:02] {Threei} thank s to bad housing numbers
[13:05] {Threei} AN ALL TIME LOW
[13:05] {Threei} - no revisions
[13:05] {Threei} - Reports notes that new lenders have pulled back as far as offering new loans
[13:05] {Threei} - NAHB Chmn "Tremendous economic uncertainties have driven consumers from the housing market, and it's going to take some major incentives to bring them back"
[13:07] {magoo} are we breaching any important support levels here?
[13:07] {Threei} not yet for NASDAQ
[13:07] {Threei} nor on DJI
[13:11] {Threei} this patient sitting out takes more energy than actually doing something, lol
[13:11] {Geo} why vad?
[13:11] {Threei} watching RIMM for bounce off 45 if market bounces
[13:12] {Geo} yo doing situps?
[13:13] {peterg} just went shopping to target & got cleaning supplies
[13:13] {peterg} shoppers shopping
[13:14] {peterg} no big ticket items
[13:14] {peterg} has anyone got a recommendation for toilet bowl cleaners?
[13:14] {Geo} in
[13:14] {peterg} what
[13:15] {magoo} dino cleans a mean tiolt
[13:16] {patience} ok, dino, looking forward to hearing your techniques
[13:16] {Threei} I am getting scared even thinking what this dicsussion will turn into in just a couple moments
[13:16] {peterg} I know, it was my bad
[13:16] {peterg} :)
[13:16] {Geo} out for .10
06[13:16] * Threei slaps Geo around a bit with a large trout
[13:16] {peterg} on Rimm?
[13:17] {Geo} well you guys were cleaning rimms !!!!
[13:17] {peterg} lol
[13:17] {peterg} also gj
[13:18] {Threei} RIMM... .80 break short if stays under 45
[13:18] {Threei} smaller shares, bigger hold
[13:19] {Threei} 20-25 cents stop is not much fore smaller shares
[13:19] {magoo} i actually shorted 45 and covered .80
[13:19] {Threei} why not
[13:19] {magoo} i did
[13:20] {dawg} in .98
[13:20] {Threei} nah
[13:21] {dawg} 200 shares
[13:22] {dawg} stop .27
[13:29] {peterg} RiMM doomed to cycle around 45 till something happens
[13:30] {peterg} everyone hypnotized?
[13:30] {peterg} take that as a yes
[13:31] {Threei} pretty much
[13:32] {Threei} believe it or not, even flow of smap e-mails slowed down to a crawl over last couple weeks
[13:32] {Threei} spam
[13:32] {Threei} used to get couple hundred a day, now barely 30
[13:37] {Threei} RIMM works for you dawg
[13:39] {dawg} out RIMM .66 +31 thanks Vad
[13:39] {Threei} welcome sir
[13:39] {dawg} .31
[13:39] {dawg} not a big winner but beats chasing cars
[13:39] {Threei} certainly
[13:39] {dawg} .)
[13:44] {Threei} took little QID
[13:45] {Threei} stop under 84.80
[13:45] {Threei} don't chase it
[13:45] {Threei} too volatile
[13:45] {Threei} got 85.11
[13:46] {Threei} WSJ: ONLINE SPENDING GROWTH AT LOWEST RATE SINCE 2001
[13:46] {Threei} {GOOG YHOO}
[13:46] {Threei} out .61
[13:49] {Threei} too soon
[13:52] {dino} the pattern may continue - - - + - - - (3 big down, one big up)
[13:53] {Threei} so, tomorrow's up?
[13:53] {dino} would like to see 8,050 area hold for higher low at least, previous was 7,965 11-13 and 7,880 in 2nd week oct.
[13:54] {dino} yes 3i, that has been dji pattern of late
[13:54] {Threei} we are about 150 from there
[13:54] {Threei} which in today's term can be a matter of 5 minutes of trading, lol
[13:54] {dino} i see it
[13:54] {dino} the bigger problem, imo, is we kep topping out lower.
[13:55] {Threei} and overall daily chart from let's say beginning of August is looking anything but bullish
[13:55] {dino} 9,625 11/4; 8,945 11/7; 8,835 11/13
[13:56] {Threei} inverted head and shoulder failed a few days ago
[13:56] {Threei} lows get threatened time and again
[13:56] {dino} triangle forming, which means, imo, a bigger move up or down on the break of it. i defer to you tho, as admittedly i don't know much about triangles
[13:57] {Threei} there is not much to know actually...
[13:57] {Threei} they are simple as rake
[13:57] {dino} que?
[13:58] {peterg} sake? japanese beverage
[13:58] {dino} :)
[13:58] {dino} but seriously, rake? explain
[13:59] {Threei} just a joking comparison... I mean, what is complicated about rake? :)
[13:59] {dino} roflol, trying to "see" into your mind
[13:59] {Geo} really vad
[13:59] {Threei} that should give you whole two minutes of work
[14:00] {dino} so, you too, keep it simple i see
[14:00] {Threei} keeping what simple?
[14:00] {Threei} :)
[14:01] {Threei} awww
[14:02] {Threei} thought of 85 as QID entry
[14:02] {Threei} and hesitated,
[14:02] {Threei} it did feel at the moment like another drop was coming
[14:02] {Threei} anyway... market bounce is more likely now
[14:03] {Threei} Qs long with stop under .60 worth a try
[14:03] {magoo} i like that
[14:03] {magoo} was gonna post
[14:04] {Threei} if you got Qs, chose between scalp and try for closer to 28
[14:04] {lisa_jay} entry Vad?
[14:04] {Threei} about here
[14:04] {dawg} in .69
[14:04] {Threei} good pullback for entry
[14:04] {dawg} Q's
[14:05] {Threei} but if loses .60, drop it like drunken sailor drops... err, never mind
[14:06] {Threei} come on market, show some spine
[14:07] {Threei} GOOG CEO SCHMID: OPTIMISTIC THE ECONOMY WILL RECOVER
[14:07] {Threei} good
[14:07] {Threei} now we can go
[14:07] {dino} well that should do it then
[14:07] {Threei} Schmid is optimistic
[14:07] {dawg} stopped Q's
[14:08] {lisa_jay} Stopped.
[14:08] {dino} 02:07 p.m. est.; "dino confident economy will recover too, timing uncertain."
[14:11] {lisa_jay} Well, i am out of q's play, so we should see good rally here :-)
[14:12] {Threei} it's dino's fault
[14:12] {Threei} he should have reiterated his confidence 1 min sooner
[14:12] {Threei} crap... lol
[14:13] {dino} c'mon i'm rehersing to be an analyist for the big boys
[14:19] {magoo} markets due for a bounce...TIMING uncertain lol
[14:19] {Threei} uhhu
[14:19] {Chaeron} no symbol found uhhu :)
[14:19] {Threei} these two days timing is all but impossible
[14:21] {dino} ya think?
[14:21] {Threei} well... at least as much as I think at all {G}
[14:26] {Threei} Qs, I am about to cry
[14:26] {Threei} loudly
[14:28] {Chaeron} "Bernake and Paulson are fighting the market... and there is no way anyone but the market will win..."
[14:29] {Chaeron} ooops sorry
[14:29] {Geo} hey i want to be in the supersecret room too
[14:29] {Chaeron} I'm in there by myself Geo... not that exciting :)
[14:29] {Geo} lol
[14:30] {Threei} here is siign of things to come when new worldwide agreement will be discussed:
[14:30] {Threei} ECB'S TRICHET: UK MUST RESPECT EU BUDGET RULES WHEN DRAWING UP FISCAL STIMULUS PLANS - Q&A
[14:30] {Geo} am I glad it wasnt some thing like...... "yes charo... I like hot chocolate too"
[14:31] {Threei} ok... if shake and jump is new pattern, waiting for Q under .70
[14:32] {Threei} what do you know... almost there
[14:33] {Threei} sheesh
[14:33] {Threei} I thought that was half joke
[14:33] {Threei} anyway, took .67
[14:34] {dptl} .70
[14:34] {Threei} if this one is stopped, I am in monastery for the next three years
[14:34] {Threei} no four
[14:34] {dawg} in .66
[14:35] {Threei} chaeron says 5, and he will join me
[14:35] {dptl} stop under .60?
[14:35] {Threei} yeah
[14:35] {Threei} problem with chaeron though, he brings about dosen of show girls with him
[14:36] {Geo} thats a problem?
[14:36] {Threei} not good for mental cleansing
[14:36] {Geo} ahhhh
[14:36] {Geo} forget the monasttery chaer... ill just visit laguna
[14:37] {Chaeron} dang it... missed !s
[14:37] {Chaeron} Qs
[14:38] {Threei} of course.. urgent round of calls to showgirls
[14:38] {Chaeron} the ykkep calling ME
[14:38] {Threei} kind of gets in the way of trading
[14:39] {Chaeron} and my typing is getting worse each day
[14:42] {Threei} half out for me
[14:42] {dawg} 1/2 out Q's .77 1:1
[14:42] {Threei} scalpers have over 1:1
[14:42] {Chaeron} #$%#
[14:43] {Threei} if you think Chaeron is upset about missing a play, think again
[14:44] {Threei} he is upset because he hoped for a stop, looked forward to 5 years of fun in that monastery
[14:44] {Chaeron} they have my room ready at a moment's notice
[14:44] {Threei} stop .64 for the balance
[14:45] {Threei} out
[14:45] {dawg} out
[14:46] {Threei} low is about to get retested
[14:46] {Threei} broken
[14:47] {Threei} good trail for the balance
[14:47] {Threei} PRU under 18, mama mia
[14:49] {Threei} now, every time we touched recent lows and penetrated them, we got that crazy snapback rally
[14:49] {Chaeron} sheesh PRU was 88 2 mos ago........
[14:49] {Threei} uhhu
[14:49] {Threei} that's why I switched to italian
[14:50] {Threei} NQ last low was 1108
[14:50] {Threei} just 6 points away
[14:50] {Chaeron} so enter where? :)
[14:50] {Threei} FED'S STERN: FED COULD CUT RATES BELOW 1% IF CONDITIONS WARRANT
[14:50] {Threei} - Deflation worries are 'premature'
[14:51] {Threei} are we going for zero rates environemnt?
[14:51] {Chaeron} hold out... maybe they can pay US to take out a loan
[14:52] {Threei} that policy didn't do much good for Japan
[14:52] {Threei} and in fct trapped it in a decade-long stagnation
[14:53] {Chaeron} and you think that the people in power here are any brighter????
[14:53] {Threei} god forbid
[14:53] {Threei} I just hope they can read
[14:53] {Threei} so they go wikipedia
[14:53] {Threei} and read an article on liquidity trap
[14:54] {Geo} damn legacy graduates
[14:54] {Chaeron} I think that we have more brains and talent in this room.......
[14:54] {Geo} why thank you chaeron
[14:54] {Chaeron} my pleasure Geo... I mean... LaserDave should be Sec of Defense just on his nick alone... noone would mess with us
[14:55] {Geo} true true
[14:55] {Threei} we have magoo second-quickest in unholstering the trout
[14:55] {Geo} lets keep muddleheaded out of this though
[14:55] {magoo} trout????
06[14:55] * magoo slaps Chaeron around a bit with a large trout
06[14:55] * Geo slaps magoo around a bit with a large trout
06[14:55] * magoo slaps Threei around a bit with a large trout
[14:56] {Chaeron} Muddlehead should take Paulson's or Bernake's positions... calling THEM a "muddlehead" is huge compliment
[14:56] {Threei} and raven and peter can spell
[14:56] {peterg} what?
[14:56] {Threei} words
[14:56] {Chaeron} someone just woke up
[14:57] {peterg} I shall be remembered for my small mindedness--fitting,
[14:57] {peterg} i suppose
[14:57] {Threei} worng peter
[14:57] {Threei} when our abilities are measurestick,
[14:57] {Threei} ability to spell is huge achievement
[14:57] {muddleheaded} What's going on here?
[14:58] {Threei} and if heavens forbid you know that thing
[14:58] {Threei} ummm
[14:58] {Threei} grammar
[14:58] {peterg} Chaeron, actually working in office all pm coming in on brakes
[14:58] {peterg} breaks
[14:58] {peterg} very kind of you vad
[14:58] {peterg} thks
[14:58] {Threei} we are forming goverment mudd
[14:58] {hawkfan4} lol
[14:58] {peterg} I am minister of spelling
[14:58] {Threei} OK guys, if you are up to try and catch that snapback should it occur
[14:59] {Threei} and be warned, it could cost a few papercuts
[14:59] {Chaeron} close to .40?
[14:59] {Threei} first try would be Qs long .51
[15:01] {magoo} in
[15:02] {Threei} if we are lucky, it jumps without shakeout attempt
[15:02] {Threei} do you feel lucky
[15:02] {dawg} in .49
[15:02] {Threei} ddo you magoo?
[15:02] {magoo} u full lot?
[15:02] {Threei} sure
[15:03] {Threei} stop is within my normal
[15:03] {Threei} F CEO: US INDUSTRY IS GROWING INCREASINGLY COMPETITIVE, BAILOUT PACKAGE MAKES MORE SENSE THAN INACTION
[15:03] {Threei} - Applies for Federal retooling loans, no specific amounts disclosed.
[15:03] {Threei} - Calls on the FDIC to approve Ford Credit's industrial loan bank application.
[15:04] {Threei} VEHICLE EXECS: AID PACKAGE MAKES MORE SENSE THAN INACTION, WILL SUBMIT APPLICATIONS FOR ENERGY LOANS TODAY, BAILOUT REQUIRE TO AVOID 'CATASTROPHIC COLLAPSE' OF US ECONOMY
[15:04] {Threei} {F GM}
[15:04] {magoo} wheres your stop?
[15:04] {Threei} CATASTROPHIC COLLAPS is exactly what market wants to hear to start rally
[15:04] {Threei} under .40
[15:04] {magoo} k
[15:05] {magoo} bunch of morons"shut dee trap"
[15:05] {Threei} break of .57 - .60 zone should do it
06[15:06] * Threei wears heavy duty army boots
[15:06] {magoo} ouch.HEY
[15:07] {Threei} half out +.17
[15:07] {Threei} scalpers know what to do
[15:07] {Threei} +.16 sorry
[15:07] {dawg} 1/2 half out .65 +14
06[15:08] * Chaeron slaps magoo around a bit with a large trout
06[15:09] * Threei attaches steel toes on the boots
[15:09] {magoo} out .73 TY
[15:09] {Threei} welcome
[15:09] {lisa_jay} Nice Vad..missed it so it rallies nicely.
[15:09] {Threei} out in full .83
[15:09] {Threei} fiiinally
[15:10] {Threei} why missed lisa.. it gave ample time for entry
[15:10] {dawg} all out .81 +.32 thanks you Vad great call
[15:10] {Threei} dawg :)
[15:10] {hawkfan4} nice one vad, thx
[15:10] {lisa_jay} Yes....please don't rub it in..sigh.
[15:10] {magoo} nice one lord vader
[15:11] {Threei} heavy pullback is likely now
[15:11] {Chaeron} in .51 out .82... +$0.31... thanks mucho Vad
[15:11] {Threei} I was wodenring chaeron... :)
[15:11] {Threei} REPORTEDLY PRESIDENT ELECT OBAMA HAS SELECTED ERIC HOLDER AS AG - NEWSWEEK
[15:11] {Threei} ag?
[15:12] {Chaeron} Atty General
[15:12] {Threei} ty
[15:12] {Chaeron} mp
[15:12] {Threei} US SEN DODD: HARD TO EXPLAIN ASSISTANCE TO AIG AND NOT AUTOMAKERS
[15:12] {Threei} (US) SENATOR SHELBY: THE AD-HOC NATURE OF THE GOVERNMENT'S FINANCIAL BAILOUT PROGRAM HAS RAISED MORTGAGE RATES
[15:12] {Threei} lol
[15:12] {Threei} unitended consequences anyone?
[15:15] {Threei} CHYSLER CEO: BANKRUPTCY IS NOT A GOOD OPTION FOR CHRYSLER OR THE AUTO INDUSTRY
[15:15] {Threei} no really?
[15:15] {Threei} we are learning guys
[15:16] {Threei} you noticed? This is practically first time when we got one of these violent snapbacks at the very beginning of it
[15:16] {Threei} and utilized it to better extent than scalp
[15:16] {lisa_jay} Yes.
[15:16] {dawg} yes
[15:17] {Threei} here comes my pullback
[15:19] {Chaeron} s Q's in .94 out .80 ... took +$0.14
[15:19] {Threei} you predator
[15:20] {Chaeron} again?
[15:20] {Threei} not sure
[15:20] {Threei} honestly, I don't expect this bounce to turn into one of those stunners that go for hundereds points
[15:22] {lisa_jay} wow
[15:22] {magoo} prob up 400 in last 15 minutes
[15:22] {magoo} just to piss me off
[15:22] {Threei} so lewt's buy next pullback
[15:23] {magoo} GS?
[15:23] {Threei} nah
[15:23] {Threei} Qs
[15:23] {Threei} there
[15:24] {Threei} dropped right into support
[15:25] {Threei} first strength from here
[15:25] {Threei} see how severe pullbacks are?
[15:26] {magoo} pretty hard pullnbk
[15:26] {Threei} in .79
[15:26] {Threei} stop under .70
[15:27] {dawg} in .79
[15:28] {Threei} CNBC'S GASPARINO: SOURCES SAY NY AG CUOMO IS CONSIDERING IMPLEMENTING "CLAWBACK" PROVISIONS THAT WOULD SEEK TO GREATLY REDUCE WALL STREET FIRM BONUS PAYMENTS
[15:28] {Threei} chaeron, maybe we need to abandon the plan of taking over MS
[15:28] {Threei} what's the point
[15:29] {Threei} no more bonuses
[15:29] {magoo} no money in it
[15:29] {Threei} yeah
[15:29] {Threei} let' rob mcdonalds instead
[15:29] {Threei} out .97
[15:29] {Threei} +.18
[15:29] {dawg} out /.94
[15:30] {dawg} thank you sir great call +15
[15:30] {Threei} :)
[15:30] {Chaeron} out .94, got +.14
[15:31] {Threei} great, now take this ski mask
[15:31] {Threei} look at GS
[15:32] {Threei} was I right dismissing it as market bounce play or what
[15:32] {dino} nice to see the 350+ range holding up
[15:32] {magoo} yes good call
[15:33] {Threei} geo... are you beathing over there?
[15:34] {Threei} breathing too
[15:34] {Geo} tough in the ski mask
[15:34] {Geo} got .16 TY vad........
[15:34] {Threei} :)
[15:34] {Threei} just keep the lower part over yuour mouth until we get into that mcdonalds, sheesh
[15:35] {Threei} these starting out robbers... gotta teach them everything
[15:35] {Geo} :)
[15:35] {Threei} and chaeron... you did instruct him we don't call each other by last names in a process, right?
[15:37] {dino} ok, we are getting bounce, so in 30 seconds drop us 80 dji
[15:38] {dino} 3:40 pop, now yesterday at 3:45 we died
[15:43] {Chaeron} right
[15:43] {magoo} not today dino
[15:43] {dino} bet?
[15:43] {Threei} lol, 2 minutes earlier
[15:43] {magoo} gotta keep mixing it up...keep everyone off balance
[15:43] {dino} there goes 60
[15:44] {dino} have to start going long 3:40, and short 3:43
[15:44] {dino} ok theres the 80 fast fall, does it continue?
[15:45] {Threei} imprwessive drop
[15:45] {Threei} bounce now
[15:45] {Threei} not huge but still
[15:45] {dino} you mean "nasty" drop
[15:45] {Threei} scalped Q .96 - .08
[15:45] {Threei} too fast call
[15:46] {dino} might as well just flip coins in this market
[15:47] {magoo} heads ..up...tails down
[15:47] {magoo} go ahead..flip it dino
[15:48] {magoo} it came up heads
[15:49] {Threei} ty
[15:50] {Threei} played the coin
[15:50] {magoo} lol
[15:50] {dino} you a lucky man
[15:50] {Threei} DE BEERS EXPECTS TO CUT CANADIAN DIAMOND OUTPUT BY 10-20% DUE TO SLOWDOWN
[15:50] {Threei} what?
[15:50] {Threei} diamonds are not forever?
[15:51] {dino} thats the problem, they don't wear out
[15:51] {patience} they do if you are drilling with diamind drill bits
[15:51] {dino} "no soup for you patience, two weeks"
[15:55] {magoo} 400 points in last 5 minutes? go ahead and flip dino
[15:55] {dino} you don't want me to
[15:55] {Threei} line in the sand continues being defended
[15:56] {magoo} so does our beer miester
[15:56] {Threei} once again market bounced quite a bit as soon as approached it
[15:56] {dino} can we get 2 ups in row in november?
[15:56] {Threei} only this time we got it for a play
[15:57] {dino} we only get 1/week
[15:58] {dino} maybe neg. close
[16:00] {Threei} sudden;y, turned out to be not a bad day
[16:00] {Threei} who knew
06[16:00] * magoo slaps Threei around a bit with a large trout
[16:00] {magoo} i knew
[16:00] {Threei} nope
[16:00] {Threei} your coin did
[16:00] {magoo} right
[16:00] {Threei} you just flipped it
[16:00] {Threei} server of the coin
[16:01] {magoo} dino flipped it..i called it
[16:01] {Threei} ok... caller of the coin
[16:02] {magoo} more important..anyone can flip it..it takes cahunas to call it
[16:02] {Threei} wow, Qs still go
[16:02] {Threei} OK guys, thank you
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {Chaeron} it's 4:00????????
[16:02] {Chaeron} dang it
[16:02] {dino} still in one?
[16:03] {dawg} thanks all
[16:03] {magoo} ty all
[16:03] {dino} i will do better tomorrow, very confused today
[16:03] {Chaeron} dino... no... I was just having too much fun... thanks tho
[16:04] {dino} good then
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
[16:07] {magoo} fgood idea
[16:09] {Threei} what the
[16:09] {Threei} look nasdaq
[16:09] {Chaeron} Hey all... anyone trade small stocks online? Looking for a broker
[16:10] {dino} they are all small now
[16:10] {Chaeron} exactly
[16:10] {Chaeron} :)
[16:10] {KSystems} this is UN BE LIE VA BLE
[16:11] {Chaeron} sorry... meant Bulliten Board
[16:11] {dino} lol
[16:11] {Chaeron} I know, I know... They're ALL going to be BB soon....
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
[16:13] {magoo} f'in good idea
[16:13] {Chaeron} makes you just feel so dang good, don't it???
[16:13] {magoo} ive never seen q power up afterhours like this
[16:13] {magoo} indicates huge up tomorrow
[16:17] {Chaeron} I think that there are now 4 ships seized by pirates... the tanker with oil, a HongKong ship, now an Iranian cargo ship and a Danish oil ship off Nigeria...... what the.......?????
[16:17] {Chaeron} magoo... DCC
[16:18] {Chaeron} gotta tell you where the rum is for the pirates' meeting tonight...
[16:18] {magoo} there chaer
Session Time: Tue Nov 18 00:00:00 2008
[07:54] {Threei} 11/18/08 07:30am
[07:54] {Threei} [IDMI] IDM Pharma Inc EU's CHMP provides positive recommendation for approval of Mifamurtide for non-metastatic, resectable osteosarcoma
[07:54] {Threei} - EU's CHMP issued a positive opinion, recommending grant of a centralized marketing authorization for mifamurtide (L-MTP-PE), known as MEPACT in Europe, for the treatment of patients with non-metastatic, resectable osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults.
[08:30] {Threei} *OCT PRODUCER PRICE INDEX M/M: -2.8% V -1.9%E
[08:30] {Threei} PPI EX FOOD&ENERGY M/M: 0.4% V 0.1%E
[08:33] {Threei} UAUA
[08:33] {Threei} FEDERAL COURT ISSUES PRELIMINARY INJUNCTION AGAINST ALPA TO PROTECT UNITED CUSTOMERS, EMPLOYEES
[08:44] {Threei} 11/18/08 08:05am
[08:44] {Threei} [XTLB] Biopharmaceuticals ADS Top-line results from the Bicifadine Phase 2b Study for Diabetic Neuropathic Pain failed to meet primary and secondary endpoint
[08:44] {Threei} - The trial's primary objective was to compare the efficacy of two doses of Bicifadine against placebo in reducing pain associated with diabetic neuropathy.
[08:44] {Threei} - The primary endpoint of the study was the reduction in pain score during the course of treatment.
[08:44] {Threei} - The company announced that the study failed to meet its primary endpoint.
[08:44] {Threei} - The trial also failed to meet secondary endpoint
[08:45] {Threei} wow
[08:45] {Threei} is that for real?
[08:48] {hawkfan4} good morning
[08:48] {lisa_jay} Goodmorning everyone.
[08:48] {Threei} hawk :)
[08:48] {Threei} lisa :)
[08:49] {Threei} imagine being an investor in XTLB and waking up to this
[08:49] {magoo} morning
[08:50] {hawkfan4} 7 cents/share? ouch
[08:52] {Threei} magoo :)
[08:52] {lisa_jay} 9:30 Hank and Bernanke speech
[08:52] {lisa_jay} hope i got the time correct.
[08:52] {Threei} amazing adventures of hank and bernie?
[08:53] {magoo} is UAUIA news significant?
[08:53] {Threei} market doesn't think so
[08:54] {Threei} market serious recovery from lows
[08:54] {Threei} lifted by HPQ guidance I suppose
[08:54] {magoo} PPT being discussed on CNBC
[08:54] {magoo} so its real
[08:54] {magoo} no, now saying its crap
[08:54] {magoo} lol
[08:54] {Threei} lol
[08:55] {magoo} goes back to 87 crash...tooth fairy tales lol
[08:55] {magoo} hey vad, how can we lose taking some XTLB long? bottom is .07 cents
[08:55] {magoo} upside could be dollar
[08:56] {magoo} was news that bad?
[08:56] {Threei} I've no idea
[08:56] {Threei} I mean, it's bad,
[08:56] {Threei} but main question is
[08:56] {Threei} is this the end of the company? Or they have somehting else to fall back on?
[08:56] {magoo} well we take 1000 syhares it goes to zero..we lose 70 bux
[08:56] {Threei} I am not up to researching that, sorry :)
[08:57] {Threei} yeah, this kind of research I understand
[08:57] {magoo} 2k..140 bux risk..where am i missing here?
[08:57] {Threei} with only correction, I'd consider 150-200 bucks a non-issue
[08:57] {Threei} and took 2-3K
[08:57] {magoo} u did already?
[08:57] {Threei} no but finger on a trigger
[08:58] {Threei} ultimate risk-based setup
[08:59] {Threei} meaning, no idea what odds of it working are, but even if it's less than 50%, risk is negligible and upside is lucrative
[08:59] {lisa_jay} True Speculators....
[08:59] {Threei} how often do you get a shot at $1000 for the price of $150? :)
[09:00] {magoo} let me know when u go ok? im going too
[09:00] {Threei} shurg... any kind of buying coming in
[09:00] {magoo} no
[09:00] {Threei} let's say .8 getting hit
[09:00] {Threei} there you go
[09:00] {magoo} now
[09:00] {Threei} why not :)
[09:01] {Threei} who cares wherther it's .07 or .08? :)
[09:02] {lisa_jay} r u in Vad or Magoo?
[09:02] {lisa_jay} XTLB
[09:02] {Threei} yes, .09
[09:02] {Threei} .08
[09:02] {lisa_jay} 1 lot or 2?
[09:02] {Threei} 2
[09:03] {magoo} in .09
[09:03] {Threei} from the beginning of this trade it's "money thrown out" in my mind
[09:05] {Onix} Good morning all
[09:05] {Threei} onix :)
[09:05] {KSystems} good morning
[09:05] {Threei} ks :)
[09:05] {KSystems} vad :
[09:05] {KSystems} )
[09:11] {dptl} good morning all
[09:11] {Geo} you bought 2 lots vad?
[09:11] {Geo} gm :)
[09:11] {Threei} dp, geo :)
[09:12] {magoo} vad, any recent news bidu ?
[09:12] {magoo} also goog, cme?
[09:12] {Threei} BIDU no
[09:12] {Threei} GOOG no
[09:13] {Threei} CME no
[09:14] {Geo} i bought 2 lots at .09 hehehehe
[09:14] {Threei} you are up 40 bucks
[09:14] {Geo} yeah
[09:14] {Geo} way to go setup vad
[09:14] {Geo} :)
[09:14] {Threei} lol
[09:14] {Geo} might erase yesterday's pain
[09:15] {magoo} i called laserdave, i wanted 10k he he
[09:15] {Geo} magoo lol
[09:15] {magoo} he not awake
[09:15] {Geo} reminds me of the wachovia 7 cent story
[09:15] {Threei} pain?
[09:15] {Threei} sheesh
[09:16] {ese} morning......
[09:16] {Threei} we need to agree on some definitions
[09:16] {Threei} ese :)
[09:16] {Geo} this dude bought 10 thousand dollars of wachovia at 7 cents and sold by 7 dollars
[09:16] {Geo} made a few mills
[09:16] {Threei} 'cause if $96 loss for the day is a definition of pain
[09:16] {Geo} not the money vad
[09:17] {Geo} watching lord vader fruystated was painfull
[09:17] {Geo} lol
[09:17] {Threei} frustrated?
[09:17] {Threei} I must be projecting something that I don't even know about, lol
[09:17] {Geo} so why does p/l stuck on last of 2.23 vad?
[09:17] {Threei} bored out of my mind
[09:18] {Threei} before open it's probably based on closing price
[09:18] {laserdave1} magoo dcc please
[09:18] {Geo} ahhh
06[09:18] * Threei slaps laserdave1 around a bit with a large trout
[09:19] {lisa_jay} Nice XTLB
[09:20] {Threei} plan:
[09:20] {dino} gm all
[09:20] {Threei} dino :)
[09:20] {Threei} putting it for sale at .50, going for a smoke, returning and if it's still there hitting sell button not looking at the price
[09:20] {Threei} just kidding... but going for a smoke nonetheless
[09:20] {cosmo} smoke?
[09:21] {muddleheaded} Hi.
[09:25] {cosmo} ONNN: # ON Semiconductor withdraws from proposal to acquire Atmelat MarketWatch(Tue 9:13am)
[09:26] {Threei} mudd :)
[09:26] {Threei} what, not .50 yet??
[09:26] {dino} clf cx's their buyout of alpha
[09:27] {peterg} morning
[09:27] {Threei} peter :)
[09:29] {Onix} hi dino, mudd, peter
[09:29] {peterg} onix
[09:30] {Threei} TREASURY SEC PAULSON: TARP NOT A 'PANACEA' FOR ALL ECONOMIC DIFFICULTY
[09:31] {peterg} thanks hank for the reality bite4
[09:31] {peterg} bite
[09:31] {Threei} FED'S BERNANKE: THERE ARE SOME SIGNS CREDIT MARKET IS IMPROVING, FED MONEY MARKET FINANCING SHOULD BE UP AND RUNNING NEXT WEEK
[09:31] {peterg} NYT sez to GM: chapter 11 is for U
[09:32] {peterg} cites British Leyland as example of good money after bad
[09:33] {Geo} whats targets on xtlb vad?
[09:33] {Threei} lol, I've no idea
[09:33] {Geo} lol
[09:33] {Threei} LVS
[09:35] {Threei} nah, never mind
[09:35] {Threei} no structured setup
[09:39] {dino} pru sm l .75 wide
[09:45] {Threei} Long Setup: ADBE 23 break half lot
[09:46] {Threei} stop under .80
[09:46] {Threei} for scalpers under .9-
[09:46] {Threei} .90
[09:52] {lisa_jay} Stopped on ADBE
[09:54] {Threei} yup
[09:54] {Onix} yup
[09:54] {Threei} wow CME
[09:55] {Threei} brutal
[09:56] {dino} no mercy
[10:01] {Threei} GE
[10:01] {Threei} RECALLING 244K WALL OVENS DUE TO RISK OF FIRE
[10:01] {Threei} so, not only they can't manage finances, they can't make appliances either?
[10:02] {Threei} Long Setup: DELL .52, stop under .40
[10:04] {laserdave1} magoo dcc please
[10:06] {Threei} FMCN some power
[10:06] {Threei} watching, not sure of entry yet
[10:07] {Threei} obvious setup is .40 break, little C&H
[10:07] {Threei} and nice juicy offer at .37 to take
[10:08] {Threei} will depend on where it bottoms out before break
[10:08] {Threei} ideally, if holding this .30 level
[10:10] {Threei} (US) FDIC BAIR: CONFIDENCE IN MARKETS HAS BEEN 'DEEPLY SHAKEN'
[10:11] {Threei} and I thought I was master of stating the obvious
[10:12] {lisa_jay} dELL still valid Vad?
[10:12] {Threei} DELL spiked into resistance a bit too fast
[10:12] {lisa_jay} ok, thanks
[10:12] {Threei} I'd love to see one more pullback before triggering
[10:12] {dino} urbn l .40 stop lod
[10:12] {Threei} too easy to turn into trap
[10:14] {Threei} any dive to or under .50 on DELL while market remains strong, going to grab it
[10:14] {Threei} chasing, nah... too tortured move
[10:15] {Threei} FMCN offer disappeared
[10:15] {Threei} too bad, was a great indication
[10:16] {lisa_jay} q;s reverse h&s?
[10:16] {Threei} nonetheless, still valid as long as you align position size with stop under .25, plus some slippage
[10:16] {Threei} yes lisa
[10:17] {Threei} DELL got away
[10:17] {Threei} oh well
[10:18] {Threei} Long Setup: INTC .11 if stays above 13
[10:21] {dptl} long intc,long fmcn
[10:22] {Threei} FMCN looks encouraging
[10:23] {Threei} stop can be trailed to under .30
[10:24] {Threei} these sudden market jerks are annoying
[10:27] {Threei} seeing these big bids on FMCN, I'd suggest stop trailing to under .35
[10:27] {Threei} risk will be minimized, and if those bids are hit or withdrawn, it's most likely will go lower anyway
[10:27] {Threei} makes sense?
[10:27] {dptl} yep
[10:27] {Threei} kewl
[10:28] {Onix} in FMCN 7.42 & INTC 13.11
[10:28] {Threei} ok market
[10:28] {Threei} time to do something stunningly stupid
[10:29] {lisa_jay} Same here Onix.
[10:29] {Threei} like go up couple hundred points
[10:29] {Threei} then look down, feel dizzy and drop all the way back
[10:29] {Onix} i like your attitude Vad
[10:30] {Threei} magoo... we have 1:1 on XTLB {VBG}
[10:30] {Threei} out FMCN
[10:30] {dptl} stopped fmcn
[10:30] {lisa_jay} FMCN Stopped
[10:31] {Threei} this was brilliant stop tightening
[10:31] {Threei} look how much it saved us
[10:32] {lisa_jay} :-)
[10:32] {Onix} stopped
[10:33] {Threei} extreme risk control here would be INTC stop trail to .04
[10:34] {Threei} not sure it's worth it
[10:34] {dino} clf sm l .90
[10:34] {Threei} decide for yorself depending on tolerance
[10:34] {Threei} chart wise it makes sense,
[10:35] {Threei} but with this market jerkiness it may be too easy to get stopped out prematurely
[10:35] {Threei} so it's more about whether those 5 cents saved are important for you
[10:37] {dino} clf stopped
[10:39] {dino} i am turning into a rinse machine,
[10:39] {Threei} market is set on a Wash Rinse Repeat cycle
[10:40] {dino} don't follow me today anyone, i'm trying different sizes/stops
[10:41] {Threei} now trailing to under .05 makes more sense on INTC
[10:44] {dino} urbn stopped -.17
[10:46] {magoo} vad, still in XTLB?
[10:46] {Threei} yeah but not delighted
[10:46] {magoo} no enthuisiam
[10:46] {Threei} this kind of drop often causes initial quick countereaction
[10:47] {Threei} when it's dragged out for so long, it can do anything
[10:47] {Threei} or nothing
[10:47] {magoo} longer it takes...nothing more likely
[10:48] {Threei} yeah
[10:48] {dino} uthr sm s .58, stop .08
[10:49] {Threei} I'll set a stop under .16 mags
[10:49] {dino} well that was fast
[10:49] {dino} i pretty much suck this week
[10:49] {Threei} mostly out of lack of desire to nutrure it
[10:50] {Threei} week just started dino... we both have a lot of opportunities to suck much more
[10:50] {lisa_jay} Breakouts are all failing.
[10:51] {Threei} we tried two so far, both did
[10:51] {hawkfan4} it could be worse, i suck and i have the ZLOB virus on my main machine
[10:51] {Geo} my wife thinks i am a zlob
[10:51] {hawkfan4} LOL
[10:52] {Threei} lol
[10:52] {lisa_jay} Sorry to hear that Hawk.
[10:52] {Threei} easy to remove hawk
[10:52] {lisa_jay} Now Q's h & s
[10:52] {hawkfan4} really? please help
[10:52] {lisa_jay} ?
[10:52] {Threei} http://www.symantec.com/security_response/writeup.jsp?docid=2005-042316-2917-99&tabid=3
[10:53] {hawkfan4} cool beans, i'm on it :) thx
[10:56] {Threei} if you don't have Norton, here is instruction how to remove it manually... a bit labortous but still easy
[10:56] {Threei} http://www.spywareremove.com/removeZlob.html
[10:56] {dptl} what does it do...zlob?
[10:56] {hawkfan4} yeah, i've been trying manually. nasty thing disabled my AVG free and won't let me browse to any spyware websites
[10:58] {Threei} dp... ruins your marriage, kills your liver and moves around everything on your desk so you can't find anything
[10:58] {dptl} geee nasty thing... lol
[10:59] {Threei} yeah, creators tried to imitate the alcohol overconsumption impact
[11:03] {lisa_jay} Q's broke down...
[11:05] {Geo} scratched INTC
[11:06] {Geo} choppppppy today
[11:06] {lisa_jay} Yes.
[11:07] {Threei} little scalps on bounces is about all you can do in this market
[11:07] {Threei} takes a lot of patience to wait this chop out
[11:08] {lisa_jay} Mental paper trading helps...
[11:08] {lisa_jay} :-)
[11:08] {Threei} sure
[11:08] {Threei} it's a kind of "if market does nothing, that's about all you can do" thing
[11:09] {lisa_jay} Paper trade - long q's at .35, stop under .30
[11:10] {dptl} stopped intc
[11:15] {Threei} FED'S BERNANKE: USD REMAINS 'PREMIER' WORLD CURRENCY, USD SYSTEM 'NOT DEAD'
[11:16] {Threei} what kind of wording is that...
[11:18] {dino} "undead"
[11:18] {dino} fcx l .00
[11:19] {dino} deck blood
[11:19] {Threei} quote of the day:
[11:19] {Threei} “The system has to be set up so an idiot can run it. Because eventually one will.”
[11:21] {Geo} did you pitch xtlb vad?
[11:22] {Threei} ditch?
[11:22] {Threei} yes
[11:22] {Geo} .16?
[11:22] {Threei} yup
[11:22] {magoo} me too .16
[11:22] {Geo} oh well
[11:22] {Geo} Ill sell it at a buck yet
[11:23] {lisa_jay} Nice trade Vad, Magoo, Geo.
[11:23] {Geo} ummm remove geo from that one
[11:23] {lisa_jay} You took the trade. Still up .04
[11:23] {lisa_jay} on 2 lots
[11:24] {lisa_jay} Stopped on my Q's paper trade - .06
[11:27] {Chaeron} Good morning all... sorry I'm late
[11:27] {Threei} chaeron :)
[11:27] {lisa_jay} Hi Chaeron.
[11:28] {Geo} nothing earthshattering yet chaer
[11:29] {Threei} UAUA strangely resilient
[11:30] {Chaeron} thanks guys... was hoping you'd all wait for me
[11:30] {Threei} we wouldn't... but market did
[11:30] {Chaeron} heheh
[11:30] {Threei} we actually planned on getting all the good trades before you wake up
[11:31] {Threei} but wolves decided otherwise
[11:31] {Threei} RIMM
[11:31] {Threei} STRENGTH PARTIALLY ATTRIBUTED TO RENEWED TAKEOVER CHATTER
[11:31] {Threei} - IBM rumored as a potential bidder
[11:32] {Threei} IMF'S STRAUSS KAHN: IMF REQUIRES ADDITIONAL RESOURCES AS SITUATION MAY BECOME WORSE MEDIUM TERM
[11:32] {Threei} ummm
[11:32] {Threei} are we about to bail out IMF?
[11:33] {lisa_jay} Dell
[11:33] {magoo} any interest in q play vad?
[11:35] {Threei} I wish I could see how
[11:36] {Threei} what I see is this untradable pattern:
[11:36] {Threei} loss of support,
[11:36] {Threei} immediate bounce with break of resistance
[11:36] {Threei} can't short breakdown,
[11:36] {magoo} i was thinking long
[11:36] {Threei} can't buy for bounce because it bottoms out with no indications,
[11:37] {Threei} doesn't form any bounce patterns, just goes up off some random point
[11:37] {Threei} this is a situation where any entry is practically just a crap shoot
[11:37] {muddleheaded} cosmo did you buy ONNN? Ther might be a break here.
[11:37] {magoo} feels like poer up
[11:37] {magoo} power
[11:38] {dino} hod
[11:38] {Threei} yes mags... but will you entry into such spike?
[11:38] {Threei} enter
[11:40] {Threei} pullback to about .40, maybe
[11:45] {Threei} worked like charm
[11:45] {Threei} anyone went for it?
[11:48] {Threei} loud snor is an asnwer too I guess
[11:48] {lisa_jay} Nope, did not go for it...
[11:49] {Threei} I would feel sad about being ignored, but being a married man I am quite used to it
[11:50] {dino} lol
[11:50] {lisa_jay} Here comes the power up? c'mon it's lunch time...need some money for food :-)
[11:51] {Threei} whoa MET
[11:54] {Chaeron} Joe Lieberman holds his chairmanship in the US Senate - Senate Majority Leader Harry Ried just announced
[11:54] {Threei} if this pattern of pullback.spike hoplds, then Qs next entry is pullback to .50
[11:54] {dino} met blood again
[11:55] {Threei} (EU) ECB'S LIIKANEN: ECONOMIC GROWTH DECELERATED OVER THE LAST SEVERAL WEEKS
[11:55] {Threei} growth?
[11:55] {Threei} wasn't there official admission of Germany/EU recession?
[11:55] {magoo} RIMM strong
[12:01] {lisa_jay} Does any one know when Bernanke and Paulson are done testifing?
[12:02] {lisa_jay} Thanks.
[12:02] {Threei} Long Setup: GS small shares 65 break if stays above 64.70
[12:07] {dino} deck
[12:07] {Threei} in GS .65, stop under .50
[12:07] {Threei} in Qs .49, stop under .40
[12:08] {dawg} in GS .67
[12:09] {Threei} come on GS, break
[12:10] {dptl} in q's too
[12:11] {Threei} good boy GS
[12:11] {magoo} in gs.q
[12:11] {magoo} wait gs .47
[12:11] {Threei} half out 65.19
[12:12] {dawg} half out .24
[12:12] {Threei} scalpers just get out
[12:12] {Threei} sharp spike
[12:13] {dawg} jout in full .29
[12:13] {Threei} daytraders, feel free to exit here
[12:13] {magoo} out here .37 TY BOSS
[12:13] {Threei} out .49 in full
[12:13] {Threei} whew
[12:13] {Threei} finally nailed a good one
[12:13] {magoo} really :)
[12:13] {Threei} +.84
[12:14] {Threei} if my math is correct
[12:14] {Chaeron} can you feed the Q's what you gave GS? :)
[12:14] {Threei} hash brownie?
[12:14] {peterg} good old days
[12:15] {Threei} this is "patience is a virtue" in action
[12:15] {Threei} waiting half of the day, to finally get a worthy one
[12:15] {Geo} ahhhh you saying patience is virtuous
[12:16] {patience} very
[12:16] {dptl} come on q's
[12:17] {Chaeron} hmmm... another oil tanker pirated? geesh
[12:18] {Threei} really/
[12:18] {Threei} ?
[12:18] {Chaeron} yeah... was on tv...
[12:18] {Geo} what has the world come too
[12:18] {dino} good girl patience
[12:18] {Geo} we cant control a bunch of rag tag somalies in rubber duckies
[12:18] {Chaeron} I think I'd look dashing with a sword
[12:18] {Threei} don't you find it hard to believe this kind of things is possible in 21st century?
[12:18] {Chaeron} oh not a tanker I think... just a ship
[12:19] {Chaeron} I'll find story
[12:19] {Chaeron} ... if you get Q's over .70
[12:19] {dino} either way pathetic
[12:19] {Threei} piracy was supposed to be this romanticized thing of the past... black patch over one eye, wooden leg, parrot on the shoulder, "ahoy mate"...
[12:19] {Geo} now its called investment bamking
[12:19] {Threei} bamking is right
[12:20] {dptl} damn it...stopped q's
[12:20] {Geo} sheesh
[12:20] {Geo} kille din Q and missed GS
[12:20] {Geo} i need how coco
[12:20] {Geo} hot
[12:21] {KSystems} I could offer you got salmon-flavoured coffee
[12:21] {KSystems} got=hot
[12:21] {dptl} taking a break...nothing but frustration this month for me...
[12:21] {Geo} thanks K
[12:21] {Chaeron} BEIJING, Nov 18 (Reuters) - A Hong Kong cargo ship loaded with wheat bound for Iran has been hijacked by pirates in the Gulf of Aden, the official Xinhua agency said on Tuesday citing China's maritime search and rescue centre.
[12:22] {Geo} wheat eh? wink wink
[12:22] {Threei} so they have bread and oil now
[12:22] {KSystems} what more do you need
[12:22] {KSystems} *sigh*
[12:22] {Threei} as soon as they hijack a ship loaded by CEDC, they are set
[12:29] {Threei} SENATOR SHELBY: THERE IS PRETTY MUCH NOTHING THE HEADS OF THE BIG THREE CAN SAY TO CONVINCE ME THEY DESERVE A BAILOUT
[12:29] {Threei} - Calls GM and Ford businesses based on a "failed model." A bailout would be "postponing the inevitable."
[12:30] {Threei} I think it was Unforgiven
[12:30] {Threei} "Deservin' ain't gotta do nothin' with it"
[12:31] {Threei} who cares whether they deserve it or not
[12:31] {Threei} think in categories of whether it's going to resolve something or not
[12:32] {dino} all they need is debtor guaranteed financing, chapter 11 bankruptcy. the govt. could do this much cheaper than forestalling the inevitable
[12:44] {Threei} whole discussion is somewhat out of this universe
[12:44] {Threei} I don't see anyone seriously addressing what is going to change the situation if they get money
[12:45] {Threei} is it just to finance current patroll and other expenses?
[12:45] {Threei} what to do after they burn through it?
[12:45] {Threei} if not, what is the money for?}
[12:50] {Geo} .
[12:51] {Threei} yeah
[12:51] {Geo} ok still here
[12:51] {Threei} let's paper shor Qs here
[12:51] {Threei} stop above .25
[12:57] {dino} some pain out there today, pru, met, deck, all infra stocks
[13:00] {Threei} NOV NAHB HOUSING MARKET INDEX: 9 V 14E
[13:01] {Threei} 1:1
[13:02] {Threei} thank s to bad housing numbers
[13:05] {Threei} AN ALL TIME LOW
[13:05] {Threei} - no revisions
[13:05] {Threei} - Reports notes that new lenders have pulled back as far as offering new loans
[13:05] {Threei} - NAHB Chmn "Tremendous economic uncertainties have driven consumers from the housing market, and it's going to take some major incentives to bring them back"
[13:07] {magoo} are we breaching any important support levels here?
[13:07] {Threei} not yet for NASDAQ
[13:07] {Threei} nor on DJI
[13:11] {Threei} this patient sitting out takes more energy than actually doing something, lol
[13:11] {Geo} why vad?
[13:11] {Threei} watching RIMM for bounce off 45 if market bounces
[13:12] {Geo} yo doing situps?
[13:13] {peterg} just went shopping to target & got cleaning supplies
[13:13] {peterg} shoppers shopping
[13:14] {peterg} no big ticket items
[13:14] {peterg} has anyone got a recommendation for toilet bowl cleaners?
[13:14] {Geo} in
[13:14] {peterg} what
[13:15] {magoo} dino cleans a mean tiolt
[13:16] {patience} ok, dino, looking forward to hearing your techniques
[13:16] {Threei} I am getting scared even thinking what this dicsussion will turn into in just a couple moments
[13:16] {peterg} I know, it was my bad
[13:16] {peterg} :)
[13:16] {Geo} out for .10
06[13:16] * Threei slaps Geo around a bit with a large trout
[13:16] {peterg} on Rimm?
[13:17] {Geo} well you guys were cleaning rimms !!!!
[13:17] {peterg} lol
[13:17] {peterg} also gj
[13:18] {Threei} RIMM... .80 break short if stays under 45
[13:18] {Threei} smaller shares, bigger hold
[13:19] {Threei} 20-25 cents stop is not much fore smaller shares
[13:19] {magoo} i actually shorted 45 and covered .80
[13:19] {Threei} why not
[13:19] {magoo} i did
[13:20] {dawg} in .98
[13:20] {Threei} nah
[13:21] {dawg} 200 shares
[13:22] {dawg} stop .27
[13:29] {peterg} RiMM doomed to cycle around 45 till something happens
[13:30] {peterg} everyone hypnotized?
[13:30] {peterg} take that as a yes
[13:31] {Threei} pretty much
[13:32] {Threei} believe it or not, even flow of smap e-mails slowed down to a crawl over last couple weeks
[13:32] {Threei} spam
[13:32] {Threei} used to get couple hundred a day, now barely 30
[13:37] {Threei} RIMM works for you dawg
[13:39] {dawg} out RIMM .66 +31 thanks Vad
[13:39] {Threei} welcome sir
[13:39] {dawg} .31
[13:39] {dawg} not a big winner but beats chasing cars
[13:39] {Threei} certainly
[13:39] {dawg} .)
[13:44] {Threei} took little QID
[13:45] {Threei} stop under 84.80
[13:45] {Threei} don't chase it
[13:45] {Threei} too volatile
[13:45] {Threei} got 85.11
[13:46] {Threei} WSJ: ONLINE SPENDING GROWTH AT LOWEST RATE SINCE 2001
[13:46] {Threei} {GOOG YHOO}
[13:46] {Threei} out .61
[13:49] {Threei} too soon
[13:52] {dino} the pattern may continue - - - + - - - (3 big down, one big up)
[13:53] {Threei} so, tomorrow's up?
[13:53] {dino} would like to see 8,050 area hold for higher low at least, previous was 7,965 11-13 and 7,880 in 2nd week oct.
[13:54] {dino} yes 3i, that has been dji pattern of late
[13:54] {Threei} we are about 150 from there
[13:54] {Threei} which in today's term can be a matter of 5 minutes of trading, lol
[13:54] {dino} i see it
[13:54] {dino} the bigger problem, imo, is we kep topping out lower.
[13:55] {Threei} and overall daily chart from let's say beginning of August is looking anything but bullish
[13:55] {dino} 9,625 11/4; 8,945 11/7; 8,835 11/13
[13:56] {Threei} inverted head and shoulder failed a few days ago
[13:56] {Threei} lows get threatened time and again
[13:56] {dino} triangle forming, which means, imo, a bigger move up or down on the break of it. i defer to you tho, as admittedly i don't know much about triangles
[13:57] {Threei} there is not much to know actually...
[13:57] {Threei} they are simple as rake
[13:57] {dino} que?
[13:58] {peterg} sake? japanese beverage
[13:58] {dino} :)
[13:58] {dino} but seriously, rake? explain
[13:59] {Threei} just a joking comparison... I mean, what is complicated about rake? :)
[13:59] {dino} roflol, trying to "see" into your mind
[13:59] {Geo} really vad
[13:59] {Threei} that should give you whole two minutes of work
[14:00] {dino} so, you too, keep it simple i see
[14:00] {Threei} keeping what simple?
[14:00] {Threei} :)
[14:01] {Threei} awww
[14:02] {Threei} thought of 85 as QID entry
[14:02] {Threei} and hesitated,
[14:02] {Threei} it did feel at the moment like another drop was coming
[14:02] {Threei} anyway... market bounce is more likely now
[14:03] {Threei} Qs long with stop under .60 worth a try
[14:03] {magoo} i like that
[14:03] {magoo} was gonna post
[14:04] {Threei} if you got Qs, chose between scalp and try for closer to 28
[14:04] {lisa_jay} entry Vad?
[14:04] {Threei} about here
[14:04] {dawg} in .69
[14:04] {Threei} good pullback for entry
[14:04] {dawg} Q's
[14:05] {Threei} but if loses .60, drop it like drunken sailor drops... err, never mind
[14:06] {Threei} come on market, show some spine
[14:07] {Threei} GOOG CEO SCHMID: OPTIMISTIC THE ECONOMY WILL RECOVER
[14:07] {Threei} good
[14:07] {Threei} now we can go
[14:07] {dino} well that should do it then
[14:07] {Threei} Schmid is optimistic
[14:07] {dawg} stopped Q's
[14:08] {lisa_jay} Stopped.
[14:08] {dino} 02:07 p.m. est.; "dino confident economy will recover too, timing uncertain."
[14:11] {lisa_jay} Well, i am out of q's play, so we should see good rally here :-)
[14:12] {Threei} it's dino's fault
[14:12] {Threei} he should have reiterated his confidence 1 min sooner
[14:12] {Threei} crap... lol
[14:13] {dino} c'mon i'm rehersing to be an analyist for the big boys
[14:19] {magoo} markets due for a bounce...TIMING uncertain lol
[14:19] {Threei} uhhu
[14:19] {Chaeron} no symbol found uhhu :)
[14:19] {Threei} these two days timing is all but impossible
[14:21] {dino} ya think?
[14:21] {Threei} well... at least as much as I think at all {G}
[14:26] {Threei} Qs, I am about to cry
[14:26] {Threei} loudly
[14:28] {Chaeron} "Bernake and Paulson are fighting the market... and there is no way anyone but the market will win..."
[14:29] {Chaeron} ooops sorry
[14:29] {Geo} hey i want to be in the supersecret room too
[14:29] {Chaeron} I'm in there by myself Geo... not that exciting :)
[14:29] {Geo} lol
[14:30] {Threei} here is siign of things to come when new worldwide agreement will be discussed:
[14:30] {Threei} ECB'S TRICHET: UK MUST RESPECT EU BUDGET RULES WHEN DRAWING UP FISCAL STIMULUS PLANS - Q&A
[14:30] {Geo} am I glad it wasnt some thing like...... "yes charo... I like hot chocolate too"
[14:31] {Threei} ok... if shake and jump is new pattern, waiting for Q under .70
[14:32] {Threei} what do you know... almost there
[14:33] {Threei} sheesh
[14:33] {Threei} I thought that was half joke
[14:33] {Threei} anyway, took .67
[14:34] {dptl} .70
[14:34] {Threei} if this one is stopped, I am in monastery for the next three years
[14:34] {Threei} no four
[14:34] {dawg} in .66
[14:35] {Threei} chaeron says 5, and he will join me
[14:35] {dptl} stop under .60?
[14:35] {Threei} yeah
[14:35] {Threei} problem with chaeron though, he brings about dosen of show girls with him
[14:36] {Geo} thats a problem?
[14:36] {Threei} not good for mental cleansing
[14:36] {Geo} ahhhh
[14:36] {Geo} forget the monasttery chaer... ill just visit laguna
[14:37] {Chaeron} dang it... missed !s
[14:37] {Chaeron} Qs
[14:38] {Threei} of course.. urgent round of calls to showgirls
[14:38] {Chaeron} the ykkep calling ME
[14:38] {Threei} kind of gets in the way of trading
[14:39] {Chaeron} and my typing is getting worse each day
[14:42] {Threei} half out for me
[14:42] {dawg} 1/2 out Q's .77 1:1
[14:42] {Threei} scalpers have over 1:1
[14:42] {Chaeron} #$%#
[14:43] {Threei} if you think Chaeron is upset about missing a play, think again
[14:44] {Threei} he is upset because he hoped for a stop, looked forward to 5 years of fun in that monastery
[14:44] {Chaeron} they have my room ready at a moment's notice
[14:44] {Threei} stop .64 for the balance
[14:45] {Threei} out
[14:45] {dawg} out
[14:46] {Threei} low is about to get retested
[14:46] {Threei} broken
[14:47] {Threei} good trail for the balance
[14:47] {Threei} PRU under 18, mama mia
[14:49] {Threei} now, every time we touched recent lows and penetrated them, we got that crazy snapback rally
[14:49] {Chaeron} sheesh PRU was 88 2 mos ago........
[14:49] {Threei} uhhu
[14:49] {Threei} that's why I switched to italian
[14:50] {Threei} NQ last low was 1108
[14:50] {Threei} just 6 points away
[14:50] {Chaeron} so enter where? :)
[14:50] {Threei} FED'S STERN: FED COULD CUT RATES BELOW 1% IF CONDITIONS WARRANT
[14:50] {Threei} - Deflation worries are 'premature'
[14:51] {Threei} are we going for zero rates environemnt?
[14:51] {Chaeron} hold out... maybe they can pay US to take out a loan
[14:52] {Threei} that policy didn't do much good for Japan
[14:52] {Threei} and in fct trapped it in a decade-long stagnation
[14:53] {Chaeron} and you think that the people in power here are any brighter????
[14:53] {Threei} god forbid
[14:53] {Threei} I just hope they can read
[14:53] {Threei} so they go wikipedia
[14:53] {Threei} and read an article on liquidity trap
[14:54] {Geo} damn legacy graduates
[14:54] {Chaeron} I think that we have more brains and talent in this room.......
[14:54] {Geo} why thank you chaeron
[14:54] {Chaeron} my pleasure Geo... I mean... LaserDave should be Sec of Defense just on his nick alone... noone would mess with us
[14:55] {Geo} true true
[14:55] {Threei} we have magoo second-quickest in unholstering the trout
[14:55] {Geo} lets keep muddleheaded out of this though
[14:55] {magoo} trout????
06[14:55] * magoo slaps Chaeron around a bit with a large trout
06[14:55] * Geo slaps magoo around a bit with a large trout
06[14:55] * magoo slaps Threei around a bit with a large trout
[14:56] {Chaeron} Muddlehead should take Paulson's or Bernake's positions... calling THEM a "muddlehead" is huge compliment
[14:56] {Threei} and raven and peter can spell
[14:56] {peterg} what?
[14:56] {Threei} words
[14:56] {Chaeron} someone just woke up
[14:57] {peterg} I shall be remembered for my small mindedness--fitting,
[14:57] {peterg} i suppose
[14:57] {Threei} worng peter
[14:57] {Threei} when our abilities are measurestick,
[14:57] {Threei} ability to spell is huge achievement
[14:57] {muddleheaded} What's going on here?
[14:58] {Threei} and if heavens forbid you know that thing
[14:58] {Threei} ummm
[14:58] {Threei} grammar
[14:58] {peterg} Chaeron, actually working in office all pm coming in on brakes
[14:58] {peterg} breaks
[14:58] {peterg} very kind of you vad
[14:58] {peterg} thks
[14:58] {Threei} we are forming goverment mudd
[14:58] {hawkfan4} lol
[14:58] {peterg} I am minister of spelling
[14:58] {Threei} OK guys, if you are up to try and catch that snapback should it occur
[14:59] {Threei} and be warned, it could cost a few papercuts
[14:59] {Chaeron} close to .40?
[14:59] {Threei} first try would be Qs long .51
[15:01] {magoo} in
[15:02] {Threei} if we are lucky, it jumps without shakeout attempt
[15:02] {Threei} do you feel lucky
[15:02] {dawg} in .49
[15:02] {Threei} ddo you magoo?
[15:02] {magoo} u full lot?
[15:02] {Threei} sure
[15:03] {Threei} stop is within my normal
[15:03] {Threei} F CEO: US INDUSTRY IS GROWING INCREASINGLY COMPETITIVE, BAILOUT PACKAGE MAKES MORE SENSE THAN INACTION
[15:03] {Threei} - Applies for Federal retooling loans, no specific amounts disclosed.
[15:03] {Threei} - Calls on the FDIC to approve Ford Credit's industrial loan bank application.
[15:04] {Threei} VEHICLE EXECS: AID PACKAGE MAKES MORE SENSE THAN INACTION, WILL SUBMIT APPLICATIONS FOR ENERGY LOANS TODAY, BAILOUT REQUIRE TO AVOID 'CATASTROPHIC COLLAPSE' OF US ECONOMY
[15:04] {Threei} {F GM}
[15:04] {magoo} wheres your stop?
[15:04] {Threei} CATASTROPHIC COLLAPS is exactly what market wants to hear to start rally
[15:04] {Threei} under .40
[15:04] {magoo} k
[15:05] {magoo} bunch of morons"shut dee trap"
[15:05] {Threei} break of .57 - .60 zone should do it
06[15:06] * Threei wears heavy duty army boots
[15:06] {magoo} ouch.HEY
[15:07] {Threei} half out +.17
[15:07] {Threei} scalpers know what to do
[15:07] {Threei} +.16 sorry
[15:07] {dawg} 1/2 half out .65 +14
06[15:08] * Chaeron slaps magoo around a bit with a large trout
06[15:09] * Threei attaches steel toes on the boots
[15:09] {magoo} out .73 TY
[15:09] {Threei} welcome
[15:09] {lisa_jay} Nice Vad..missed it so it rallies nicely.
[15:09] {Threei} out in full .83
[15:09] {Threei} fiiinally
[15:10] {Threei} why missed lisa.. it gave ample time for entry
[15:10] {dawg} all out .81 +.32 thanks you Vad great call
[15:10] {Threei} dawg :)
[15:10] {hawkfan4} nice one vad, thx
[15:10] {lisa_jay} Yes....please don't rub it in..sigh.
[15:10] {magoo} nice one lord vader
[15:11] {Threei} heavy pullback is likely now
[15:11] {Chaeron} in .51 out .82... +$0.31... thanks mucho Vad
[15:11] {Threei} I was wodenring chaeron... :)
[15:11] {Threei} REPORTEDLY PRESIDENT ELECT OBAMA HAS SELECTED ERIC HOLDER AS AG - NEWSWEEK
[15:11] {Threei} ag?
[15:12] {Chaeron} Atty General
[15:12] {Threei} ty
[15:12] {Chaeron} mp
[15:12] {Threei} US SEN DODD: HARD TO EXPLAIN ASSISTANCE TO AIG AND NOT AUTOMAKERS
[15:12] {Threei} (US) SENATOR SHELBY: THE AD-HOC NATURE OF THE GOVERNMENT'S FINANCIAL BAILOUT PROGRAM HAS RAISED MORTGAGE RATES
[15:12] {Threei} lol
[15:12] {Threei} unitended consequences anyone?
[15:15] {Threei} CHYSLER CEO: BANKRUPTCY IS NOT A GOOD OPTION FOR CHRYSLER OR THE AUTO INDUSTRY
[15:15] {Threei} no really?
[15:15] {Threei} we are learning guys
[15:16] {Threei} you noticed? This is practically first time when we got one of these violent snapbacks at the very beginning of it
[15:16] {Threei} and utilized it to better extent than scalp
[15:16] {lisa_jay} Yes.
[15:16] {dawg} yes
[15:17] {Threei} here comes my pullback
[15:19] {Chaeron} s Q's in .94 out .80 ... took +$0.14
[15:19] {Threei} you predator
[15:20] {Chaeron} again?
[15:20] {Threei} not sure
[15:20] {Threei} honestly, I don't expect this bounce to turn into one of those stunners that go for hundereds points
[15:22] {lisa_jay} wow
[15:22] {magoo} prob up 400 in last 15 minutes
[15:22] {magoo} just to piss me off
[15:22] {Threei} so lewt's buy next pullback
[15:23] {magoo} GS?
[15:23] {Threei} nah
[15:23] {Threei} Qs
[15:23] {Threei} there
[15:24] {Threei} dropped right into support
[15:25] {Threei} first strength from here
[15:25] {Threei} see how severe pullbacks are?
[15:26] {magoo} pretty hard pullnbk
[15:26] {Threei} in .79
[15:26] {Threei} stop under .70
[15:27] {dawg} in .79
[15:28] {Threei} CNBC'S GASPARINO: SOURCES SAY NY AG CUOMO IS CONSIDERING IMPLEMENTING "CLAWBACK" PROVISIONS THAT WOULD SEEK TO GREATLY REDUCE WALL STREET FIRM BONUS PAYMENTS
[15:28] {Threei} chaeron, maybe we need to abandon the plan of taking over MS
[15:28] {Threei} what's the point
[15:29] {Threei} no more bonuses
[15:29] {magoo} no money in it
[15:29] {Threei} yeah
[15:29] {Threei} let' rob mcdonalds instead
[15:29] {Threei} out .97
[15:29] {Threei} +.18
[15:29] {dawg} out /.94
[15:30] {dawg} thank you sir great call +15
[15:30] {Threei} :)
[15:30] {Chaeron} out .94, got +.14
[15:31] {Threei} great, now take this ski mask
[15:31] {Threei} look at GS
[15:32] {Threei} was I right dismissing it as market bounce play or what
[15:32] {dino} nice to see the 350+ range holding up
[15:32] {magoo} yes good call
[15:33] {Threei} geo... are you beathing over there?
[15:34] {Threei} breathing too
[15:34] {Geo} tough in the ski mask
[15:34] {Geo} got .16 TY vad........
[15:34] {Threei} :)
[15:34] {Threei} just keep the lower part over yuour mouth until we get into that mcdonalds, sheesh
[15:35] {Threei} these starting out robbers... gotta teach them everything
[15:35] {Geo} :)
[15:35] {Threei} and chaeron... you did instruct him we don't call each other by last names in a process, right?
[15:37] {dino} ok, we are getting bounce, so in 30 seconds drop us 80 dji
[15:38] {dino} 3:40 pop, now yesterday at 3:45 we died
[15:43] {Chaeron} right
[15:43] {magoo} not today dino
[15:43] {dino} bet?
[15:43] {Threei} lol, 2 minutes earlier
[15:43] {magoo} gotta keep mixing it up...keep everyone off balance
[15:43] {dino} there goes 60
[15:44] {dino} have to start going long 3:40, and short 3:43
[15:44] {dino} ok theres the 80 fast fall, does it continue?
[15:45] {Threei} imprwessive drop
[15:45] {Threei} bounce now
[15:45] {Threei} not huge but still
[15:45] {dino} you mean "nasty" drop
[15:45] {Threei} scalped Q .96 - .08
[15:45] {Threei} too fast call
[15:46] {dino} might as well just flip coins in this market
[15:47] {magoo} heads ..up...tails down
[15:47] {magoo} go ahead..flip it dino
[15:48] {magoo} it came up heads
[15:49] {Threei} ty
[15:50] {Threei} played the coin
[15:50] {magoo} lol
[15:50] {dino} you a lucky man
[15:50] {Threei} DE BEERS EXPECTS TO CUT CANADIAN DIAMOND OUTPUT BY 10-20% DUE TO SLOWDOWN
[15:50] {Threei} what?
[15:50] {Threei} diamonds are not forever?
[15:51] {dino} thats the problem, they don't wear out
[15:51] {patience} they do if you are drilling with diamind drill bits
[15:51] {dino} "no soup for you patience, two weeks"
[15:55] {magoo} 400 points in last 5 minutes? go ahead and flip dino
[15:55] {dino} you don't want me to
[15:55] {Threei} line in the sand continues being defended
[15:56] {magoo} so does our beer miester
[15:56] {Threei} once again market bounced quite a bit as soon as approached it
[15:56] {dino} can we get 2 ups in row in november?
[15:56] {Threei} only this time we got it for a play
[15:57] {dino} we only get 1/week
[15:58] {dino} maybe neg. close
[16:00] {Threei} sudden;y, turned out to be not a bad day
[16:00] {Threei} who knew
06[16:00] * magoo slaps Threei around a bit with a large trout
[16:00] {magoo} i knew
[16:00] {Threei} nope
[16:00] {Threei} your coin did
[16:00] {magoo} right
[16:00] {Threei} you just flipped it
[16:00] {Threei} server of the coin
[16:01] {magoo} dino flipped it..i called it
[16:01] {Threei} ok... caller of the coin
[16:02] {magoo} more important..anyone can flip it..it takes cahunas to call it
[16:02] {Threei} wow, Qs still go
[16:02] {Threei} OK guys, thank you
[16:02] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {Chaeron} it's 4:00????????
[16:02] {Chaeron} dang it
[16:02] {dino} still in one?
[16:03] {dawg} thanks all
[16:03] {magoo} ty all
[16:03] {dino} i will do better tomorrow, very confused today
[16:03] {Chaeron} dino... no... I was just having too much fun... thanks tho
[16:04] {dino} good then
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:06] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
06[16:07] * magoo slaps laserdave1 around a bit with a large trout
[16:07] {magoo} fgood idea
[16:09] {Threei} what the
[16:09] {Threei} look nasdaq
[16:09] {Chaeron} Hey all... anyone trade small stocks online? Looking for a broker
[16:10] {dino} they are all small now
[16:10] {Chaeron} exactly
[16:10] {Chaeron} :)
[16:10] {KSystems} this is UN BE LIE VA BLE
[16:11] {Chaeron} sorry... meant Bulliten Board
[16:11] {dino} lol
[16:11] {Chaeron} I know, I know... They're ALL going to be BB soon....
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:12] * Chaeron slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
06[16:13] * magoo slaps laserdave1 around a bit with a large trout
[16:13] {magoo} f'in good idea
[16:13] {Chaeron} makes you just feel so dang good, don't it???
[16:13] {magoo} ive never seen q power up afterhours like this
[16:13] {magoo} indicates huge up tomorrow
[16:17] {Chaeron} I think that there are now 4 ships seized by pirates... the tanker with oil, a HongKong ship, now an Iranian cargo ship and a Danish oil ship off Nigeria...... what the.......?????
[16:17] {Chaeron} magoo... DCC
[16:18] {Chaeron} gotta tell you where the rum is for the pirates' meeting tonight...
[16:18] {magoo} there chaer
