Aug 312009

Not bad for the Monday and last day of the month: slow but steady 40 cents on VICL, 20 cents on BAC, something decent on AIG, 15 cents stop on half lot attempt to shoret RIMM, then nice momentum play on SVA. All in all, August was a very nice month for us.

Session Time: Mon Aug 31 00:00:00 2009

[07:52] {magoo} morning

[07:56] {Threei} good morning

[07:57] {magoo} :)

[07:58] {magoo} neg comments on AIG this morn...overpriced

[07:58] {Threei} LOL

[07:58] {Threei} it's overpriced ever since it started moving at all

[08:04] {Threei} SVA H1N1 Vaccine Passes Experts Evaluation Organized by SFDA

[08:04] {Threei} Sinovac Biotech H1N1 Vaccine Passes Experts Evaluation Organized by SFDA

[08:04] {Threei} - Announced today that Sinovac''s H1N1 vaccine has passed the experts evaluation organized by State Food and Drug Administration (SFDA).

[08:04] {Threei} - The vaccine is expected to obtain the production license within this week.

[08:04] {Threei} - Sinovac submitted the H1N1 split influenza vaccine without adjuvant for registration approval, which is applicable to all people from 3 to 60 years old.

[08:04] {Threei} - The dosage is 15ug/0.5ml/dose. Only one shot is needed for inoculation.

[08:21] {Threei} SVA is quite perky

[08:22] {Threei} in the same group, BCRX is so so

[08:22] {Threei} NVAX is miserable

[08:43] {brian3579} gm all

[08:43] {Threei} brian :)

[08:44] {nemo} mischief maker has joined the crowd

[08:44] {Threei} that's your way to annouce your arrivale nemo?

[08:44] {Threei} sheesh, typing

[08:45] {nemo} no...Loki...Thor's brother

[08:45] {Threei} celtic mythology?

[08:45] {nemo} Ragnaroc must be upon us...Norse

[08:46] {nemo} Days of the week in English actually come from Norse mythology

[08:46] {nemo} Thursday is Thor's day

[08:46] {nemo} Wednesday Wodin (Odin)

[08:46] {nemo} Friday Freia, etc.

[08:46] {nemo} I got more useless trivia than Carter has little liver pills

[08:47] {brian3579} jokes nemo

[08:47] {brian3579} one a day

[08:47] {Threei} (US) NY Fed's Dudley: Still "a long way to go with MBS purchases", more likely than not Fed's Balance sheet will reach $2.5T - CNBC

[08:47] {Threei} - MBS purchases were effective

[08:47] {Threei} - to contradict market expectation that Fed will complete the MBS program is a high hurdle

[08:47] {Threei} - Fed Tsy purchase program was always more ambiguous than MBS and agency purchases

[08:47] {nemo} oy...the pressure

[08:50] {magoo} R

[08:50] {magoo} A

[08:50] {magoo} V

[08:50] {magoo} E

[08:50] {magoo} N

[08:51] {Raven} hey OOGAM

[09:04] {larisa} good morning :)

[09:05] {Threei} larisa :)

[09:05] {larisa} :)

[09:09] {ese} good morning.........i'm back permantly

[09:10] {Threei} ese!

[09:10] {nemo} ese?

[09:10] {ese} that may be bad news....

[09:10] {ese} vad nemo.......!!!!!!

[09:11] {ese} feels like learning this all over again.....

[09:11] {Threei} trip was good I take it

[09:12] {ese} very good......invitations to go back etc etc....hosts were terrific

[09:13] {ese} not to mention the country itself.........flatter than Saskatchewan and manitoba but beautiful

[09:13] {ese} highest point is only 187 meters

[09:14] {Threei} keep an eye on ETFC as possible squeeze

[09:14] {Threei} touches on Fri high

[09:15] {ese} you bet

[09:15] {fernp} good morning everybody

[09:15] {Threei} fern :)

[09:16] {Threei} also, AXL

[09:17] {Threei} AXL Announces waiver extending termination date of credit pact to Sept 15 - filing

[09:17] {Threei} not sure about news impact... spiked on it, retreated back

[09:17] {Threei} but look at daily

[09:18] {dino} gm all

[09:18] {Threei} dino :)

[09:19] {dino} welcome back es

[09:20] {Threei} FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements

[09:20] {Threei} - The proposed Update would affect all entities that are required to make disclosures about recurring and nonrecurring fair value measurements. The deadline for comments on the proposed Update is October 12, 2009.

[09:25] {magoo} BJS DCTH

[09:25] {magoo} VG

[09:26] {Threei} DCTH FDA Grants Delcath Orphan-Drug Designation for Doxorubicin

[09:27] {patel} good morning

[09:27] {Threei} BJS bought out

[09:27] {Threei} patel :)

[09:30] {Threei} Long Setup: SVA 7.10

[09:31] {Threei} if stays above 7

[09:36] {Threei} Long Setup: VICL .55 break if stays above .45

[09:37] {Threei} Preview: August Chicago Purchasing Managers Index due out at 9:45amET

[09:37] {Threei} **consensus expectations: 48.0e v 43.4 prior

[09:37] {Threei} - estimates range from 45 to 52.5

[09:41] {Threei} VICL if works, not a scalp for me

[09:45] {Threei} AUG CHICAGO PURCHASING MANAGERS INDEX: 50.0 V 48E

[09:45] {Threei} Long Setup: BAC .65 break

[09:45] {Threei} if holding above .55

[09:46] {Threei} **sub-indices:

[09:46] {Threei} - Prices Paid: 50.0 v 35.0 last

[09:46] {Threei} - New Orders: 52.5 v 48.0 last

[09:46] {Threei} - Employment: 38.7 v 35.3 last

[09:46] {Threei} - Inventories: 27.5 v 25.4 last

[09:46] {Threei} - Supplier Deliveries: 54.6 v 49.6 last

[09:46] {Threei} - Production: 52.9 v 43.3 last

[09:46] {magoo} UNG vad

[09:46] {Threei} yikes

[09:46] {Threei} don't want to touch nat gas with 10 ft pole

[09:47] {Threei} belonging to nemo

[09:47] {nemo} what?

[09:48] {Threei} never mind

[09:48] {nemo} you're being scatalogical

[09:48] {Threei} market sells off on good numbers

[09:48] {Threei} bodes well for a topping

[09:48] {nemo} and we're in bac why?

[09:49] {Threei} because it set up?

[09:49] {nemo} if market selling off on good numbers?

[09:49] {Threei} sighf

[09:49] {Threei} what happened first, BAC setup of market reversing down on good numbers?

[09:53] {Threei} everything one can think of points out to rally end

[09:53] {Threei} the only problem I have is

[09:53] {nemo} you being the contrarian

[09:53] {Threei} it would be the most broadly called reversal on my memory

[09:54] {nemo} just like the head and shoulders in July or was it june

[09:54] {larisa} SQNM what s up

[09:55] {Threei} SQNM Ticking higher, hearing strength being attributed to chatter of positive results for certain products related to down syndrome detection (5.70, +0.42, 7.95%)

[09:55] {bluejet} gm

[09:55] {Threei} blue :)

[09:55] {nemo} ford

[09:55] {ese} historically......in down turns like this....the avg market retracement(rally) is 70%....we ain't near that yet

[09:56] {Threei} - Reminder: On April 29 -Expected launch of its SEQureDx Down syndrome test is delayed, due to the discovery by company officials of employee mishandling of R&D test data and results.

[09:56] {ese} if history holds true(avg history) we have about 20% left to go

[09:57] {ese} people calling end of the rally are in lfor trouble i think

[09:57] {Threei} they do it for the last 3 months

[09:57] {Threei} they will be right at some point

[09:57] {ese} eggzactly

[09:58] {magoo} SVA

[09:58] {magoo} moving

[10:00] {Threei} it is... just not in a readable fashion...

[10:00] {Threei} SQNM is serious

[10:03] {dino} sm wide l clw .00

[10:06] {dino} ice

[10:07] {ese} l sqnm .10

[10:07] {dino} vit sm l .80

[10:07] {Threei} frikin SVA

[10:07] {magoo} i took ity

[10:08] {magoo} +.65

[10:08] {Threei} to spot a winner early and not find the way to utilize it is one thing I hate the most

[10:08] {ese} out sqnm .16 +.06

[10:08] {ese} phewwwww that felt good

[10:08] {dino} gj

[10:08] {Threei} NVAX is moving too

[10:08] {ese} tks dino.......when you don't make a trade for a while it feels weird

[10:09] {Threei} all swine flu stocks

[10:09] {dino} i hear ya bro

[10:09] {Threei} ISTA Ticking higher, hearing chatter that drug data may come out better than expected (6.11, +0.29, 4.98%)

[10:11] {Threei} Long Setup: AIG .60 break half lot

[10:11] {Threei} stop under .40-.45

[10:11] {Threei} VICL 1:1

[10:12] {patel} i took half off on VICL

[10:12] {Threei} AIG over1:1

[10:12] {magoo} IN OUT VAD

[10:12] {magoo} aig

[10:12] {magoo} FL

[10:14] {magoo} OUT VICL .69 ty VAD

[10:15] {Threei} why is FITB happy

[10:18] {Threei} crap

[10:18] {Threei} totally missed ETFC

[10:19] {Threei} I think my brain's stuck in weekend mode

[10:19] {nemo} Funny...I thought it was stuck somewhere else

[10:21] {dino} slapppppppp

[10:21] {nemo} hehehehe

[10:21] {Threei} BAC 1:1

[10:24] {Threei} lol AIG moved 2 points from entry

[10:25] {fernp} out BAC. ty Vad

[10:25] {Threei} who is partialling BAC, move stop to under .65

[10:40] {Threei} to under .70

[10:43] {ese} dabbling NVAX l .15

[10:43] {Threei} nice spike into 1:2

[10:43] {Threei} done with BAC

[10:44] {fernp} nice play. Vad

[10:44] {Threei} ty

[10:44] {Threei} even with no brain (or thanks to its absence), I have my moments

[10:45] {Threei} actually... 3 for 3 so far today?

[10:45] {fernp} yeah

[10:45] {ese} expect nothing less chief

[10:45] {Threei} plus couple missed ones which discretionary huys like magoo took and profited from... for which we hate them

[10:45] {Threei} oh ese, you have no idea... magoo made absolutely indecent money while you were away

[10:46] {Threei} then again, there was never much decent about magoo...

[10:46] {magoo} :)

[10:46] {dino} have to agree magoo ewas indecent w/aig

[10:47] {Threei} indecent stock, too

[10:47] {ese} nice mags.......expecdt nothing less there as well

[10:47] {Threei} reverse split... kiss of death in 99 out of 100

[10:47] {magoo} MAGOO FAINTS...HEAD HITS KEYBOARD..ACCIDENTLY BUYS aig AT 47

[10:47] {ese} VICTORIA SECRET?

[10:47] {magoo} HEAD HITS CAPS BUTTON AS WELL

[10:47] {magoo} ]

[10:48] {magoo} made like 15 k on it in 2 days

[10:49] {ese} nice........thats the magoo we've come to know and love

[10:49] {Threei} I don't think you are allowed to do tat mags

[10:49] {magoo} whats "tat" vad?

[10:50] {Threei} I'll have to look into rules but on top of my memory I think you'll have to send like 70% back

[10:50] {magoo} tat=take a trade?

[10:50] {Threei} I'll administer it for you

[10:50] {Threei} just send them to me

[10:50] {magoo} lets hope they break the trades (NOT)

[10:51] {Threei} lol, not with THIS volume

[10:53] {Threei} who ever heard of DOW gaining 4% in August

[10:53] {nemo} that was weird...laptop just STB'd

[10:54] {dino} ohhh mannn, cyber crash

[10:58] {Threei} OK

[10:59] {Threei} I think we finally ailed down the percentage of idiots

[10:59] {Threei} nailed

[10:59] {Threei} 29% Confident That Congress Knows What Its Doing on Economy

[10:59] {nemo} you have to add in those who are not sure also

[11:01] {Threei} those are just 4%

[11:01] {Threei} I will count them as "were to drunk to understand the question"

[11:01] {nemo} frickin humanitarian

[11:02] {Threei} come on VICL

[11:02] {Threei} time to break that .70 and proceed to ward 5

[11:06] {Threei} US Defense Sec Gates: New presidential helicopters will be vetoed (related LMT NOC )

[11:09] {Threei} what's with NANO

[11:16] {Threei} AGEN Hearing chatter company may receive approval in Europe for Oncophage (2.22, +0.08, 3.74%)

[11:21] {dino} out clw .56, +.56 ugh!!!!!!!, had 1.19 and sever crashed

[11:21] {Threei} yuck

[11:21] {Threei} anyway... .56 is nothing to zneese at

[11:22] {dino} leaving bad taste

[11:22] {nemo} aig vad

[11:23] {Threei} ?

[11:25] {nemo} hah, nevermind, I use this outboard video card w/one of the monitors, gave me a visual that wasn't accurate

[11:28] {Threei} good boy VICL

[11:30] {dino} \vit to b/e

[11:42] {dino} out vit .09 +.29

[11:43] {dino} neu games again, thin

[11:53] {Threei} SCLN Hearing chatter concerning positive sales of Zadaxin in China due to H1N1 (4.77, +0.19, 4.15%)

[11:58] {Threei} Mass. Governor to make announcement at 3pmET on the special election for Senator Kennedy's seat

[12:06] {magoo} sva xplosion

[12:07] {Threei} Market Internals update at 12:00pmET

[12:07] {Threei} - NYSE volume 475M shares, about 5% above its three-month average; decliners lead advancers by 7.8:1.

[12:07] {Threei} - NASDAQ volume 1.0B shares, about 3% above its three-month average; decliners lead advancers by 3.1:1.

[12:07] {Threei} no new news

[12:16] {magoo} SVA

[12:16] {Threei} SVA losing its mind

[12:17] {Threei} psst, VICL... look at SVA

[12:19] {Threei} let's see how well I knowe magoo... in SVA from 2.15?

[12:19] {Threei} 8.15

[12:21] {dino} sm l snda .40

[12:22] {nemo} Gonna' be in January...big deal is whether they rescind the law they passed in 2004 to get a temporary appointment for Kennedy

[12:27] {magoo} betting on me after i mention it repeadly....u can betr your left nut im in vad

[12:28] {Threei} well, did I get price right?

[12:29] {magoo} much lowe5r

[12:30] {Threei} VICL, aren't you a thing of beauty

[12:30] {Threei} [09:41] {Alert} Threei VICL if works, not a scalp for me

[12:31] {nemo} bac bounced off original trigger

[12:33] {Threei} NVAX

[12:34] {Threei} BCRX next?

[12:34] {magoo} yes

[12:34] {Threei} sector momo

[12:34] {Threei} snezing swines can fly

[12:35] {Threei} ok... out 2/3 VICL +.35

[12:35] {magoo} goot .34 SVA

[12:40] {ese} just back....out nvax ,25 +.10

[12:40] {Threei} you missed magoo making out like bandit again

[12:41] {Threei} (GE) Gemarny's Merkel: no bank should be so big it can blackmail governments

[12:41] {Threei} - calls for a G-20 agreement regarding the maximum size of banks

[12:42] {Threei} (AS) Austrian Fin Min: ruling coalition will support introduction of a financial transaction tax at tomorrow's ministerial meeting

[12:42] {Threei} (FR) French President Sarkozy: France and German share position that G-20 summit should result in tight financial oversight

[12:42] {Threei} Europe is losing it

[12:42] {Threei} not that USA will be too far behind

[12:43] {Threei} says France and Germany will apply limits to bonuses regardless of what the G-20 does

[12:49] {Threei} question guys

[12:49] {Threei} with all my repeated many times "watch the momo, learn to recognize it and play it",

[12:50] {Threei} any advancement in this department?

[12:50] {Threei} you undertand the reason for it

[12:50] {Threei} it's next to impossible to call exact entries on these movers

[12:51] {Threei} but their potential is huge

[12:51] {Threei} so to utilize them you need to learn to recognize them

[12:52] {Threei} everyone's alseep... magoo, for the rest of the week I am talking to you only

[12:52] {ese} magoo escaping with a fortune again ehhhhhhh

[12:52] {Threei} and to dino, because if I talk to you only I'll need serious psychiatric help

[12:53] {Threei} nemo, I am not going to read your dcc, I know it says "as if you don't need it now"

[12:53] {nemo} sorry...I had to step away to fix a barn door

[12:53] {ese} good first day back for me......but i'm off to school to get some work done.....catch you all tomorow.

[12:53] {Threei} take care ese

[12:53] {nemo} No, that was much too simple

[12:53] {ese} see ya vad

[12:54] {nemo} If I took that one, it would be like taking candy from a baby (which is fine if you want the candy)

[12:54] {Threei} or plainly dislike the baby

[13:08] {Threei} strange... I thought BCRX would be a leader in swine flu races

[13:08] {Threei} and it's one of the tamest

[13:10] {dino} snda stopped

[13:17] {Threei} Short Setup: RIMM .30 break half lot

[13:18] {Threei} stop above .40-.45 if triggers from here

[13:18] {Threei} inval;idating level though is above .50

[13:18] {Threei} half lot - not because RIMM is too dangerous or volatile here

[13:18] {Threei} mostly because I want ease in inshorts

[13:19] {Threei} we don't know yet whether we really roll over into bearish mode

[13:19] {Threei} last thing I want is to turn into "let's short it, it's too high"

[13:20] {dino} igk l .45

[13:21] {Threei} Reportedly Representatitve Waxman is probing reports of health care coverage being canceled for small businesses after employees becom ill

[13:21] {Threei} - reminder: on 8/18 WSJ reported Reps Waxman and Stupak send letter to the health insurers requesting info on pay and business practices

[13:21] {Threei} is it real?

[13:21] {Threei} I mean,. someone gets ill, they cancel coverage for whole business?

[13:22] {Threei} or is it continuing effort to demonize insurers?

[13:22] {larisa} may be business is just 1 worker :)

[13:29] {nemo} what I miss, had to go chase some guinea hens back into their pen

[13:30] {Threei} scroll up key doesn't work?

[13:30] {nemo} lazy, thought I'd ask

[13:30] {Threei} sigh

[13:31] {nemo} ahh, Rimm short

[13:31] {Threei} so, what's with TV buzzing that bailout money bring profit to govt?

[13:32] {Threei} were all doomsayers wrong?

[13:32] {Threei} all is not lost?

[13:39] {nemo} 2012 is just around the corner

[13:50] {dino} govt pump and dump

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

[13:51] {nemo} eh...R/R doesn't look that good

[13:52] {magoo} S

[13:52] {magoo} V

[13:52] {magoo} A

[13:57] {Threei} you think?

[13:57] {magoo} i think 10 today..just a feel

[14:02] {Threei} you bribed it?

[14:02] {magoo} needs take .40...then .67 then.91

[14:02] {Threei} 'cause it certainly acts like it heard you

[14:02] {Threei} F Chief Sales Analsyt: US auto sales rose in Aug from year ago; total industry may report first y/y increase since late 2007

[14:02] {Threei} - says industry inventories can not sustain Aug sales levels for the rest of the year

[14:02] {Threei} green shoots become greener

[14:05] {magoo} AIG getting kicked

[14:06] {Threei} I am checking availibility periodically...

[14:06] {Threei} not available

[14:06] {Threei} Market Internals update at 2:00pmET

[14:06] {Threei} - NYSE volume 625M shares, about 2% below its three-month average; decliners lead advancers by 7.9:1.

[14:06] {Threei} - NASDAQ volume 1.37B shares, about 2% below its three-month average; decliners lead advancers by 3.2:1.

[14:06] {Threei} White house Press Sec Gibbs: Strong relationship with Japan will continue

[14:06] {Threei} I stand corrected about idiots

[14:06] {Threei} 29% +1

[14:07] {Threei} will not begrudge Japan for seeking stronger ties with Asia

[14:07] {Threei} no?

[14:07] {Threei} come on... how dare they

[14:08] {nemo} crissakes we gave them baseball

[14:09] {Threei} and they seek ties with Asia, ungrateful basterds

[14:09] {nemo} emphasis on 'terds'

[14:09] {Threei} as if they are located there

[14:09] {Threei} wait...

[14:09] {brian3579} funny that counts as one joke

[14:12] {nemo} I'll never forget...back in the 70's and 80's all you ever heard about were how American's were such idiots about geography...so, I'm over in Germany in the late 80's and this woman asks me, "Is Boston on the east coast, or west coast."

[14:12] {Threei} SVA.....

[14:12] {Threei} .35 break maybe...

[14:13] {Threei} that's nothing nemo... no one will beat NY salesperson who, when I asked whether they ship to Canada, asnwered: sorry, we do not ship overseas

[14:13] {nemo} that's a good one

[14:14] {brian3579} how do you respond to that?

[14:14] {nemo} go to the bar

[14:14] {Threei} in the most honorable way I knew

[14:14] {Threei} I fainted

[14:17] {Threei} well SVA

[14:17] {Threei} can you or can you not

[14:22] {nemo} quite the back up @ .35

[14:28] {nemo} C&H on aig?

[14:30] {Threei} pullback into 43.5 to retest double bottom confirmation level was a valid play... this is not really

[14:47] {magoo} RISKY..SVA needs to take .high...

[14:47] {magoo} then launch

[14:48] {magoo} vadstrigg .35

[14:48] {Threei} IMO, .35 - .36 level if broken, should launch it

[14:48] {magoo} agree

[14:48] {magoo} ..pause in .70 area..then

[14:48] {magoo} 10

[14:48] {Threei} I wish it held .20 on pullback, so stop would be strictly defined

[14:48] {dino} fcx stop to .30, thx nemo

[14:48] {magoo} yea...a lil nasty

[14:48] {Threei} but momos are momos, technicals do not rule them

[14:49] {magoo} im in

[14:49] {dino} out +.30

[14:50] {magoo} 3 pm..move will do or kill

[14:54] {Threei} IMF Chief Economist Blanchard: Central banks reserves have not influenced growth; accumulated FX reserves are not efficient (related USD/CNY EUR/CNY )

[14:57] {Threei} toughie mags

[14:57] {magoo} yea..was just saying to dino.,...trades like donkey now

[14:58] {magoo} in .15 here

[14:58] {Threei} maybe because it's AMEX

[14:58] {magoo} really REALLY thought it was going

[14:58] {Threei} ECNs changed it greatly but still... long tradition of weird moves

[14:58] {magoo} i got 3k too...so, worried

[14:59] {Threei} well... as classic book says, sell down to sleeping level

[14:59] {magoo} yea...might be scalpin soon

[15:00] {Threei} this is going to be interesting:

[15:00] {Threei} Reynolds American Inc File Suit with other tobacco manufacturers Challenging Provisions of FDA Tobacco Act

[15:00] {Threei} - joined other tobacco manufacturers and a tobacco retailer in filing suit today in federal court in Bowling Green, Ky., seeking to protect their First Amendment right to communicate with adult tobacco consumers about their products. The law passed by Congress in June, granting the U.S. Food & Drug Administration (FDA) regulatory oversight over tobacco products, contains several provisions restricting or banning truthful speech, contrary to the requirements of the First Amendment.

[15:02] {dino} and ironicallt the govt subsides the growers

[15:02] {Threei} yeah

[15:02] {nemo} pays them not to plant

[15:02] {Threei} and makes out like bandit on sin taxes

[15:03] {dino} if you think about it, smokers die youinger, so save on heath care costs

[15:03] {nemo} not unlike oil, when congress whas decrying the "obscene profits" yet collecting a healthy chunk on every domestically produced barrel

[15:03] {dino} mother hen govt

[15:04] {dino} gok drop

[15:06] {nemo} still can't short aig

[15:07] {dino} nor i

[15:07] {dino} thinking about puts

[15:09] {nemo} huh, wfc actually strong today, considering

[15:11] {dino} didn't get expected downgrade from moodys

[15:17] {magoo} SVA certainly not easy vad

[15:17] {Threei} no

[15:17] {Threei} listen... let's play it by the book

[15:17] {Threei} sell 2K here

[15:17] {dino} hl l gok ave .51

[15:18] {Threei} take &200 profit

[15:18] {Threei} keep stop under 9 for the remaining 1K,

[15:18] {Threei} worst comes to worts, you are roughly flat after commissions

[15:18] {Threei} if it works, just let this last K ride

[15:19] {Threei} I underastand the desire to squeeze all possible out of it, but it's not worth $500 risk'

[15:19] {Threei} you had too good month to spoil it on last day

[15:20] {magoo} ok

[15:21] {Threei} finally

[15:22] {magoo} out BIG DOOUGH

[15:22] {brian3579} that 10 call looks good

[15:22] {Threei} I am out here too

[15:22] {magoo} thanx coach

[15:22] {Threei} always

[15:22] {fernp} wonderful SVA. great play

[15:22] {magoo} could have just as easily killed me

[15:23] {Threei} that's what risk control is for...

[15:23] {Threei} leave it to amateurs to go all in and count on making a killing on a single play

[15:23] {Threei} you took it fern?

[15:23] {magoo} let me refraize...could have been stopped

[15:23] {fernp} no

[15:23] {larisa} where did you enter on SVA, I was away?

[15:23] {fernp} too dangerous for me

[15:24] {Threei} magoo at .15 larisa

[15:24] {Threei} I took .35 break

[15:24] {nemo} what was the stop?

[15:24] {magoo} mine was .97

[15:25] {magoo} never lower than .04 i think

[15:25] {magoo} while i was in

[15:25] {magoo} now like 10

[15:25] {Threei} sheesh, not done

[15:25] {nemo} what was your stop vad?

[15:25] {Threei} pace picks up again

[15:25] {dino} igk to .57

[15:25] {Threei} it wasn't going to stop me

[15:26] {Threei} this pace explosion was no breainer

[15:26] {Threei} offered 1K at .48, 1 at .55 and 1 at .69

[15:27] {dino} out ave .55, +.10

[15:27] {Threei} and if it did urn around stop would be defined in terms of p;rice level

[15:27] {Threei} I bought on momentum,. not on technicals

[15:28] {Threei} so momentum reversal would stop me out

[15:28] {magoo} vad...this momo has been like ole days for us

[15:28] {magoo} thats why iom doing well

[15:28] {Threei} second half of august, no less

[15:28] {magoo} i need the momo

[15:28] {Threei} of all trading months, lol

[15:29] {dino} you should change your nick to mogoo

[15:29] {nemo} Trade what you see, not what you think...

[15:29] {magoo} agree nemo..

[15:29] {magoo} with a dash of "feel" and a smidge of luck

[15:30] {magoo} that could easily see 11 today

[15:30] {larisa} I bet no 10 SVA

[15:30] {magoo} i am not in

[15:30] {magoo} ggggggggrrrrrrrrrrrrr

[15:30] {Threei} what's the bet larisa?

[15:30] {Threei} I'll take it

[15:31] {larisa} it is topping

[15:31] {Threei} nope

[15:31] {magoo} nope

[15:31] {larisa} lol

[15:31] {larisa} men

[15:31] {magoo} it is consolidating

[15:31] {Threei} it's resting

[15:31] {Threei} gathering power

[15:31] {larisa} ok :)

[15:32] {Threei} inhales... exhales...

[15:32] {magoo} to resume its trek upward

[15:32] {Threei} massages muscles

[15:32] {larisa} tomorrow may be

[15:32] {magoo} today

[15:32] {nemo} turn around tuesday

[15:32] {magoo} thats dino's slogan:)

[15:32] {nemo} " turn around tuesday"

[15:34] {larisa} oh oh

[15:34] {nemo} .40 range on spy and .20 range on Qs since 10

[15:34] {magoo} here we go

[15:34] {Threei} what's the bet??? :)

[15:34] {magoo} a drink in vegas

[15:34] {dino} ok

[15:35] {Threei} 5 cents left... come on SVA

[15:35] {magoo} i went to reliable sourse...yahoo message board say it will be 20 by friday lol

[15:36] {Threei} I feel humbled by the welath of knowledge, mags

06[15:37] * Threei kicks SVA in the rear end

[15:37] {larisa} technicals show no 10.. of course there is always stupid momo :)

[15:38] {magoo} but the message boards larisa...they dont lie

[15:38] {larisa} thats true :)

[15:38] {Threei} you underestimate the stupidity of three factors put together:

[15:39] {Threei} me, magoo and momo

[15:39] {magoo} um..momo is my thing'

[15:39] {Threei} these 3M and capable of outstupiding anything you can think of

[15:39] {magoo} my best momo trade ever vad...remember? years ago

[15:39] {Threei} and = are

[15:39] {Threei} hmmm... remind me

[15:40] {magoo} bidu ipo...it went to like 160

[15:40] {Threei} I remember losses well... wins, not so much

[15:40] {Threei} oh yeah

[15:40] {magoo} 20k

[15:40] {Threei} that was beyond stupid {G}

[15:40] {magoo} and i was there:)

[15:40] {Threei} and I was with you

[15:40] {larisa} wow, really?

[15:41] {magoo} yup..screaming all thge way lol

[15:41] {Threei} yeah... magoo traded, what's the word... "stupidly"?

[15:41] {magoo} hell larisa, did 12k on AIG onee ttade

[15:41] {magoo} last week

[15:41] {larisa} :)

[15:41] {magoo} momo..is why

[15:42] {larisa} 33.80 vads call i didi not take AIG :)

[15:42] {Threei} I am happy when it's around... 'cause when it goes away, magoo starts nagging me for a trade :)

[15:42] {magoo} but, ive gotten pummeled too...it aint easy

[15:43] {Threei} 33.80 was safe call, I don't know why you skipped it back then larisa

[15:43] {Threei} nice tight stop

[15:43] {larisa} your way is too emotional magoo, I want to stay sane so my husband do not kick me out :)

[15:43] {larisa} AIG is just too wild fo rme

[15:43] {Threei} yes, for the most part

[15:43] {Threei} but sometimes it tightents

[15:43] {Threei} and gives normal setup

[15:44] {Threei} so you have best of both world

[15:44] {Threei} normal stop,

[15:44] {Threei} but if it works - momentum and its wild nature make a win real big

[15:44] {larisa} :)

[15:44] {larisa} real big is for men

[15:45] {larisa} I am just a girl :)

[15:46] {Threei} so, the only stop today is that 15 cents on half lot RIMM

[15:46] {magoo} but actually...what ive learned...is just let the winner win...with AIG, it momo up...never stopped us, and instead of scalp, let it run run run 4 points

[15:46] {Threei} and it's the only short

[15:46] {magoo} my second best day of year vad..thank u

[15:47] {Threei} good to hear :)

[15:47] {nemo} must be your best month

[15:47] {magoo} and i want more tomorrow u can bet:)

[15:47] {brian3579} thats why im back cant let winners win

[15:49] {magoo} seriously, thats one thing ive been working on

[15:49] {Threei} ok SVA

[15:49] {Threei} last chance

[15:50] {magoo} u in?

[15:50] {Threei} don't let me lose my bet

[15:50] {Threei} I parialed out almost everything mags,. have just lousy 300 shares left

[15:50] {Threei} bet must be honest... if I think it goes, I gotta trade it :)

[15:51] {magoo} yea..i knew that:)

[15:51] {Threei} brian, you traded VICL today?

[15:51] {Threei} that was the one to hold

[15:51] {Threei} I alerted beforehand that it was not going to be a scalp

[15:52] {larisa} SQNM missed it

[15:52] {brian3579} no

[15:52] {Threei} no fresh news SQNM

[15:52] {brian3579} but thats a trade i would have trouble with

[15:53] {Threei} ok... next time such trade comes around, I'll grab 2x4 and guide you through it

[15:53] {brian3579} k thank you

[15:53] {Threei} 7 minutes left... larisa is winning

[15:56] {magoo} id call this day awin for the bulls

[15:57] {magoo} this mkt is sick {as in strong}

[15:57] {Threei} well, it's slightly red on lower volume

[15:57] {Threei} so... so far it qualifies as merelt pullback

[15:58] {Threei} 1 min

[15:59] {Threei} ok larisa

[15:59] {Threei} I concede

[15:59] {Threei} 5 cents shy

[15:59] {Threei} or after hours counts?

[15:59] {dino} out gok .41-.10, out aef ave .33 +.07

[16:00] {larisa} AIG exploded into close

[16:00] {Threei} President extended his break

[16:00] {Threei} who complained that couldn't trade without him on TV?

[16:00] {Threei} you'll have to wait longer

[16:01] {Threei} okay guys, thank you all

[16:01] {Threei} have a good evening, see yo tomorrow

[16:01] {nemo} \t66666666666666666666666666666665tr55555

[16:01] {larisa} bye :)

[16:01] {fernp} good evening everybody

[16:01] {nemo} sirrt sorry cat walked across keyboard

[16:02] {larisa} lol

[16:02] {dino} hcn blood

[16:04] {dino} gn all

[16:05] {magoo} thanx vad..all