Fri Oct 16 2009

Not overly active but solidly profitable day. A lot of setups got invalidated before they ever triggered - frequent occurrence when the market changes its tune.

Session Time: Fri Oct 16 00:00:00 2009

[07:59] {magoo} mornink comrades

[07:59] {strider} morning magoo

[07:59] {strider} Can you answer a laser question for me?

[08:02] {nemo} mags :)

[08:02] {nemo} dp, fern :)

[08:02] {magoo} ill tryt

[08:02] {strider} I'm trying to find where you can adjust the up/down arrows beside price in LVL II. I set them to move by 1/10th cent, and want to change back to 1 cent, but can't find where to do it. I assume it's somewhere in Trade Settings.

[08:08] {nemo} Strider, put mouse arrow over levelII. Right click. On menu, look for keystroke tab.

[08:08] {strider} k

[08:11] {nemo} mags, dcc

[08:11] {magoo} sorry was on call

[08:11] {strider} thanks, magoo.

[08:12] {magoo} did nemo help u?

[08:12] {strider} with what?

[08:12] {nemo} read the scroll strider

[08:12] {strider} Oh. that was nemo. :)

[08:12] {strider} thanks, nemo.

[08:13] {nemo} You make me feel better about myself

[08:13] {strider} fooey on you, magoo. :)

[08:13] {strider} It takes so little to make you happy, nemo.

[08:13] {nemo} I'm a simple fellow with complex issues

[08:14] {magoo} why u need email nemo

[08:14] {nemo} something funny

[08:22] {Threei} let's start the day on a good note:

[08:22] {Threei} FDIC's Bair: Liquidity crisis appears to be over - TV interview

[08:22] {nemo} yeah...printing presses solved that

[08:27] {Threei} guys, have a look at latest addition to http://www.realitytrader.com/photography/

[08:28] {Threei} joke of the day:

[08:28] {Threei} (RU) Russian PM Putin: asked Govt to evalute pros and cons of Rouble appreciation

[08:28] {Threei} - No grounds for sharp rouble swings and devaluation

[08:28] {Threei} asked govt?

[08:29] {Threei} rather: OK, here is what you do

[08:29] {nemo} Looks good for the minions

[08:29] {Threei} sounds like preparation for peg, doesn't it?

[08:29] {strider} Vad, you've been hanging out with some slimey characters.......

[08:30] {nemo} it mooned you

[08:30] {Threei} amazing thing is, they do tolerate my company, strider

[08:30] {strider} They reall suck up to you, though.

[08:30] {strider} really

[08:30] {nemo} wow....his sense of humor is more corny than mine

[08:31] {strider} when in Rome......

[08:31] {nemo} er....don't be a Christian?

[08:32] {strider} That first shot under "past curfew" is really something.

[08:32] {magoo} vad..IBM bounce candidate??

[08:33] {Threei} ty, one of my favs too

[08:33] {Threei} at some point...

[08:33] {Threei} IBM can be surprizingly volatile sometimes

[08:34] {magoo} from what 8i find..IBM wasnt bad report either

[08:34] {Threei} let me put it this way mags

[08:34] {magoo} lol..my new nickname

[08:34] {Threei} this is not about IBM as such at this point,

[08:34] {magoo} 8i

[08:34] {Threei} lol

[08:35] {Threei} this is about whether market topped out or ready to conrtinue

[08:35] {Threei} if we topped out, bounces is not a prominent idea,

[08:35] {Threei} they'll be mt with hard selling

[08:35] {magoo} yup

[08:35] {Threei} no matter what kind of earnings is announced

[08:36] {Threei} so, insteasd of trying to find the play on these bellweathers

[08:36] {Threei} wich will be the most volatile and most importantly, they'll be first out of the gate to show the direction, so you don't have a leading indicator

[08:37] {Threei} I'd prefer to observe them for now

[08:37] {Threei} and get our trades on second tier stocks

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:42] {Threei} Reportedly, Colombian government considering interventing to halt Peso appreciation

[08:43] {Threei} that's second annoucnement in one day hinting at peg or something along those lines

[08:44] {Threei} General Electric Co CEO: Global environment definately improved in Q3, emerging markets are relatively strong - conf call

[08:44] {Threei} - Leverage continues to decline, now at 5.7x

[08:44] {Threei} - GE Capital is much improved, funding is well ahead of plans, capital ratios are getting stronger.

[08:44] {Threei} - Order cancellations are very low, which is a hopeful sign. Backlog is at a record high.

[08:44] {Threei} - US govt stimulus hasn't really had an impact on us yet

[08:44] {Threei} - Q3 gross margin was 16.3%

[08:45] {Threei} BCON Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission

[08:51] {nemo} mmhhh...so basically, at this point the indexes have retraced yesterday

[08:52] {Threei} yes

[08:54] {Threei} wow BCON is alive

[08:57] {magoo} TRGT gapper

[08:57] {larisa} gm :)

[08:59] {Threei} larisa :)

[08:59] {nemo} lari :)

[08:59] {larisa} :)

[09:00] {Threei} (US) FDIC's Bair: Would like the FDIC to remain funded by financial industry, avoid funding from US Treasury

[09:13] {ese} good morning

[09:13] {Threei} ese :)

[09:13] {nemo} dude

[09:13] {ese} dude

[09:13] {ese} vad

[09:15] {Threei} SEPT INDUSTRIAL PRODUCTION: 0.7% V 0.2%E; CAPACITY UTILIZATION: 70.5% V 69.8%E

[09:15] {Threei} - prior Industrial Production revised from 0.8% to 1.2%

[09:15] {lasertrev} gm

[09:15] {Threei} trev :)

[09:15] {strider} morning trev

[09:19] {lasertrev} gm strider

[09:20] {bkhmd} gm all

[09:20] {Threei} bkhmd :)

[09:23] {Threei} General Electric Co CEO: Plans to deal with NBC Universal with or without a partner, evaluating several scenarios for the unit - conf call Q&A

[09:23] {Threei} - Calls Vivendi a great partner

[09:23] {Threei} - Reiterates that NBC strategy may include IPO or partnership

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {dino} trgt, interesting, only a phase 2 trial, may pull back

[09:25] {ese} dino

[09:25] {dino} es

[09:26] {dino} intc filled that gap, jpm may too

[09:26] {cosmo} trgt pre mkt high = 25 fyi

[09:27] {dino} ty

[09:27] {dino} hog continues up?

[09:32] {Threei} Long Setup: HIG .80 break if stays above .45

[09:32] {Threei} ugh... late

[09:32] {Threei} back for entry

[09:32] {fernp} .80?

[09:32] {Threei} same setup valid again

[09:32] {Threei} .60, sorry

[09:32] {strider} brak .60?

[09:32] {strider} beak

[09:33] {strider} break

[09:33] {Threei} yeas yes and yes

[09:33] {nemo} put the bottle away

[09:33] {strider} :)

[09:33] {fernp} INTC Vad

[09:33] {Threei} invalidated

[09:34] {cosmo} sppi

[09:35] {cosmo} 4.75 hod

[09:35] {Threei} SPPI Hearing Stansberry makes mildly postive comments on SPPI (likely pre-open) (4.64, +0.24, 5.45%)

[09:37] {cosmo} needs to hold .50

[09:37] {cosmo} imo

[09:37] {strider} teva

[09:37] {nemo} nahhh...can't happen again...trend 5 minute on spy

[09:38] {dino} vmi

[09:39] {Threei} IBM sharp pullback

[09:39] {ese} lean pickens this morning

[09:39] {Threei} one more leg down and will be interesting for bounce

[09:39] {nemo} where's the vix

[09:39] {Threei} around .70

[09:41] {Threei} WFC, if drops quickly into 30 will be a double bottom candidate

[09:41] {dino} vmi getting interesting

[09:42] {Threei} IBM is getting there

[09:43] {Threei} prepare half lot

[09:44] {Threei} .50 recross

[09:44] {Threei} if holding .30

[09:45] {Threei} invalidated

[09:45] {Threei} Long Setup: WFC .20 break

[09:46] {magoo} in'

[09:46] {fernp} stop under .10?

[09:46] {Threei} stop under .10, target is around .40

[09:47] {Threei} 1:1

[09:47] {fernp} i'm out TY

[09:49] {Threei} out .39

[09:50] {fernp} good one

[09:50] {ese} nice one you guys

[09:51] {magoo} waiting .47

[09:51] {ese} that seemed like a good classic setup vad....consolidate a little at .20 then take off

[09:51] {Threei} most importantly, ese,

[09:51] {Threei} it stayed just under .20 while market dropped like a stoone

[09:52] {ese} ahhhhh...gotcha

[09:52] {Threei} so my original idea of catching double bottom on that market pullback got modifiesd

[09:52] {Threei} I mean, market makes a low, WFC does too, both bounce, then market makes new low, thing doesn't pull back anymore

[09:52] {Threei} no brainer

[09:53] {ese} perfect.......will file that one away for sure

[09:54] {fernp} INTC short?

[09:56] {Threei} not sure

[09:57] {Threei} OCT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 69.4 V 73.3E

[09:57] {fernp} late, shorted .29

[09:57] {ese} michigan confidence report 69 v 73e

[09:58] {fernp} +.07 ty

[09:58] {Threei} lol

[09:58] {ese} can't type fast enough.....can't beat ya vad

[09:58] {Threei} I don't type... I copy/paste :)

[09:59] {ese} bastard.........

[09:59] {Threei} AIG

[09:59] {Threei} .20 break long

[09:59] {Threei} stop under .10

[10:01] {fernp} FAS dropping hard

[10:02] {ese} indeed

[10:02] {bkhmd} ty

[10:02] {ese} almost 6pts

[10:02] {strider} out AIG =}09 .19-.28

[10:03] {strider} +.09

[10:04] {fernp} why I covered INTC?

[10:06] {magoo} how about AIG as a bouncer vad?

[10:06] {Threei} again?

[10:06] {nemo} aig bounced off the .80 level before and yesterday...important level

[10:06] {fernp} WFC db?

[10:07] {Threei} Short Setup: AIG .90 break

[10:07] {Threei} if stays under 44

[10:08] {magoo} nah

[10:08] {nemo} nah what?

[10:08] {magoo} dont like that one

[10:09] {nemo} aig?

06[10:09] * magoo slaps nemo around a bit with a large trout

[10:09] {magoo} what other one u see?

[10:09] {strider} hgsi salmon

[10:10] {nemo} I'll take that as a "yes"

[10:10] {magoo} lol..i sounded like vad there

06[10:10] * nemo slaps magoo around a bit with a large Matthews LX w/thunderhead 100 grain

[10:10] {magoo} i use montec

[10:11] {Threei} invalidated

[10:11] {magoo} bowtech

[10:11] {nemo} fast

[10:11] {magoo} 330

[10:11] {Threei} marketr is astill active, stop cluttering the room with this chatter!

[10:12] {dino} vmi sm l .00, wide

[10:12] {nemo} fcx near support

[10:12] {nemo} rude aig

[10:12] {magoo} now i like AIG short

[10:13] {Threei} seriously?

[10:13] {magoo} duno..AIG too hard

[10:13] {Threei} lol

[10:13] {magoo} i did..then POW up

[10:14] {magoo} sick

[10:14] {nemo} bounced of that .80...4th time this morning

[10:14] {Threei} HIG refuses to follow market down

[10:14] {Threei} Long Setup: HIS .30 break if stays above .20

[10:14] {magoo} HIG?

[10:14] {strider} hig?

[10:15] {Threei} sigh

[10:15] {Threei} what else

[10:15] {nemo} yes-threeish

[10:15] {strider} his & hers?

[10:15] {nemo} I was thinking that...I'm sick

[10:15] {Threei} invalidated anyway

[10:17] {Threei} feels like bounce time

[10:17] {Threei} Long Setup: INCT .20 break if stays above .15

[10:18] {nemo} intc?

[10:18] {Threei} INTC'

[10:19] {magoo} AAPl for a bounce..

[10:20] {dino} \shaw

[10:20] {magoo} took .98

[10:20] {magoo} aapl

[10:22] {magoo} GS bouncer

[10:22] {magoo} first strength

[10:22] {dino} sm shaw l .50

[10:23] {magoo} .30 cents GS

[10:23] {Threei} INTC setup starts looking like two-sided

[10:24] {nemo} yeah

[10:24] {nemo} not moving w/market

[10:24] {Threei} Short Setup: INTC .15 break if stays under .20

[10:27] {dino} shaw stopped, broken

[10:28] {dino} semi's no respect for earnings

[10:28] {Threei} HIG, why did you feel a need to ruin setup before playing?

[10:29] {Threei} unless this time INTC runs into smackdown again, looks like it's a long side that will set up

[10:30] {Threei} no seriously... look at HIG chart

[10:30] {fernp} in

[10:30] {Threei} up to 10:15 everything was fine

[10:31] {Threei} and played out just as it should - except for that idiotic sharp dive

[10:31] {Threei} that left us with no setup

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 395M shares, about 40% above its three-month average; decliners lead advancers by 7.6:1.

[10:31] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 3.3:1.

[10:31] {Threei} - VIX index +3.5% to just under 22.50

[10:31] {dino} xlnx sm l .15

[10:32] {Threei} 30 cents move from original trigger

[10:32] {Threei} sigh

[10:32] {strider} what do you expect from intc, vad?

[10:33] {Threei} unless market resumes donward tgrend, should be good for .30 - .35...

[10:33] {Threei} maybe more but only if market really picks up

[10:36] {fernp} unfortunately, habitual behavior in HIG lately

[10:36] {fernp} now is pulling back

[10:37] {fernp} let's see

[10:37] {dino} all, pru want tues gap

[10:38] {Threei} so if this is how HIG trades now, then we should be able to get it around .20

[10:39] {dino} shaw big rinse

[10:43] {Threei} CRIC Update: IPO opens for trade at $12.28

[10:43] {Threei} China Real Estate Information Corporation

[10:44] {Threei} fess up mags

[10:44] {Threei} took 13 break?

[10:45] {Threei} that was so you

[10:45] {magoo} um no

[10:46] {magoo} my quotes are very bad

[10:46] {Threei} fine here... connection problem again?

[10:46] {magoo} dunno

[10:46] {magoo} we just had our box replaced

04[10:47] -} [magoo] PING

[10:47] {magoo} u not sticking qoutes?

[10:47] {dino} it's magoo's old 286 that hurts him

[10:47] {Threei} lol

[10:47] {Threei} no, quotes are good

[10:48] {strider} GRMN recovery?

[10:48] {Threei} not enough activity on it...

[10:48] {nemo} thought he had a dual floppy box

[10:49] {strider} I was trying to generate some :)

[10:49] {fernp} lol

[10:49] {Threei} lol

[10:49] {ese} l fslr .21

[10:49] {Threei} CRIVC is active

[10:49] {Threei} momo

[10:49] {Threei} CRIC

[10:50] {nemo} frickin' intc

[10:51] {strider} DRIV?

[10:51] {strider} I know, not enought activity

[10:52] {Threei} my favorite kinf of question

[10:52] {Threei} you ask it, tyou answer it

[10:52] {dino} may have bottomed nemo

[10:53] {dino} would be an all dayer w/hard stop imo

[10:54] {dino} syna holds well

[10:54] {Threei} that was my impression to dino... and thing actually started picking up buying

[10:54] {Threei} then sold off again

[10:55] {dino} would rather see big drop, then hit it long

[10:55] {dino} say 24.80s

[10:57] {dino} rovi heads into support

[10:57] {strider} QQQQ tripple bottom

[10:58] {Threei} not a lot of readable activity

[10:59] {dino} ktii -10 two days. thinny\

[10:59] {Threei} we had what, one working call for 20 cents, one for 10 and one stop for 6, and whole bunch of invalidated ones?

[11:00] {Threei} many invalidated setups is usually a sign of market changing its ways

[11:00] {dino} shaw holding well now, may re-try it\

[11:00] {fernp} I missed AIG, but reached my 1:1 in INTC :)

[11:00] {Threei} yeah, it touched on 1:1, but barely

[11:00] {fernp} hit .25

[11:00] {Threei} so could go either way depending on a trader

[11:01] {Threei} so you kind of compensated one by another

[11:01] {Threei} but for purity sake, I list it as a stop

[11:01] {Threei} HIG is getting there

[11:01] {ese} fslr stopped .50 -.71 1/2 lot

[11:01] {magoo} CRIC pulls back hard

[11:05] {dino} rimm sm l .00

[11:12] {fernp} im long .20 HIG w/stop under .10

[11:12] {ese} l rimm .07

[11:12] {ese} little late but will take it

[11:13] {larisa} RIMMs spike must be ese order :)

[11:13] {fernp} trying new things :)

[11:13] {ese} not this time

[11:13] {dino} back to old here

[11:14] {ese} went small like dino

[11:16] {fernp} 1:1 here

[11:16] {Threei} USEG...

[11:17] {Threei} this is nuclear energy realted one

[11:17] {Threei} uranium

[11:18] {dino} ros

[11:19] {ese} dino...you got a target for rimm

[11:20] {dino} .44

[11:20] {ese} tks was thinkin the samew thing .40 to .50's

[11:21] {dino} ros? can't find news

[11:22] {Threei} none

[11:22] {dino} can't get in either w/that spread

[11:22] {larisa} it is just russians come :)

[11:23] {magoo} out CRIC 14

[11:23] {magoo} + .50

[11:23] {Threei} I knew it

[11:23] {magoo} [11:01] {magoo} CRIC pulls back hard

[11:23] {Threei} RU) Russian state banks reportedly ready to lower loan rates

[11:23] {Threei} - Reportedly banks ready to cut rates to 8-12%

[11:23] {dino} rimm to flat, things dead

[11:24] {Threei} lol

[11:24] {magoo} IBM vad..low of day

[11:25] {dino} out rimm

[11:25] {bkhmd} Vad any news on URBN?

[11:25] {Threei} 06:03 URBN BofA/Merrill Lynch Resumed URBN with Buy, price target: $39

[11:26] {ese} rimm stopped

[11:26] {bkhmd} ty Vad

[11:26] {ese} .01 -.06

[11:26] {Threei} BAC tries to form C&H on 1 min

[11:26] {ese} not my day

[11:27] {dino} autcw

[11:27] {nemo} intc hit 2012..end of world

[11:27] {Threei} Long Setup: BAC .40 break

[11:27] {Threei} just a scalp most likely

[11:28] {Threei} stop for scalpers under .35

[11:28] {Threei} for day traders .30

[11:30] {magoo} l IBM .80

[11:30] {fernp} in BAC

[11:30] {ese} in bac .41

[11:31] {magoo} in bac

[11:32] {magoo} vad..read on GOOG..nice chart

[11:33] {Threei} breaky chart...

[11:33] {Threei} volatility is what yoyu can normally expect from GOOG though

[11:34] {ese} if bac can make it past .46 hod......could go for a litle

[11:35] {nemo} aig just lost .80

[11:35] {magoo} ibm no work

[11:36] {nemo} fcx just double topped, dropped and is now levelling or gonna' rise into resistance...might be a short setup

[11:41] {fernp} out HIG .40 2:1

[11:44] {ese} out bac -.05

[11:44] {strider} bcon gettin fried

[11:44] {nemo} somebody say bacon?

[11:45] {strider} pork city

[11:46] {Threei} nice work on HIG fern

[11:46] {fernp} ty

[11:47] {fernp} ese, BAC never lost .35

[11:51] {strider} aig caput

[11:51] {Threei} for late arrivals, and while market slowed down:

[11:51] {Threei} http://www.realitytrader.com/photography/2009/10/giant-pacific-octopus.html

[11:52] {nemo} yeah, lost .80 strider was important level over last week

[11:52] {Threei} CRIC

[11:52] {Threei} China Real Estate Information Corporation CEO: Priced the IPO at a discount in efforts to attract investment; sees real estate market in China in an 'upward trend' - TV interview

[11:52] {Threei} - Aiming to increase subscribers to 4K by the end of 2010

[11:52] {Threei} I think VRSK ceo could take a lesson or two from this guy

[11:52] {magoo} 4k??

[11:52] {magoo} in the context of 4 billion population

[11:53] {Threei} I don't know what he means by subscribers

[11:53] {nemo} It's an information/consulting service Ehouse runs one too

[11:53] {Threei} what's happening with AIG

[11:53] {nemo} lost .80

[11:54] {larisa} lol

[11:55] {strider} larisa is self-amusing

[11:56] {larisa} i wish i was :)

[12:09] {ese} well alrighty then L ener .85

[12:11] {ese} read that wrong it's .83 hmmmmm need glasses

[12:15] {Threei} market does look like bottomed for now, but I have hard time finding trading candidate

[12:15] {magoo} thats cause u are in a coma dreaming of fields of bacon

[12:16] {magoo} goog high

[12:16] {nemo} don't even know what to think about that

[12:16] {fernp} and it's friday and lunchtime

[12:16] {Threei} field of bacon eh

[12:16] {bkhmd} making me hungry

[12:16] {Threei} now that's something to try and envision

[12:17] {bkhmd} candidate for you on the long side Vad watch Coach COH wife says she is going to outlet store this weekend buy all u can buy now

[12:18] {ese} mags how do you trade goog full 1/2 1/4 lots ?

[12:18] {magoo} 400 shares

[12:19] {ese} would like to give it a try sometime with a 200

[12:33] {Threei} (US) CDC: Swine flu deaths are above epedimic levels, unprecedented for the month of Oct

[12:33] {Threei} - 86 children under 18 have died

[12:33] {Threei} - Monthly swine flu vaccine estimates won't be met; production of H1N1 vaccine for coming weeks has been delayed

[12:33] {Threei} - H1N1 is now widespread in 41 states, up from 37 last week

[12:37] {dawg} thank you ese for ener in .84 out .93

[12:39] {strider} goog ATR 9.50 :)

[12:39] {ese} your welcome....am gonna ride this for a bit

[12:39] {dawg} yes looks like its heading higher alright

[12:41] {ese} ya .....i'm likin the look of the 15 min chart

[12:42] {ese} who knows though......the way my days goin

[12:44] {dino} dsw

[12:46] {larisa} next time vad says "what's happening with AIG", I buy all I can :)

[12:47] {Threei} well... I promised to do the same with your HIG mentions and what did you do?

[12:47] {Threei} you stopped mentioning it!

[12:48] {Threei} so... do I reciprocate and never ever mention AIG anymore?

[12:49] {larisa} i guess so

[13:00] {Threei} QDEL Reports Q3 $0.50 v $0.27e, R$56.2M v $40.7Me

[13:00] {Threei} halted

[13:05] {strider} why would they halt that?

[13:09] {Threei} some companies request halt before earnings announcement

[13:13] {strider} thx

[13:13] {strider} I thought it was only done on bad news

[13:13] {Threei} Long Setup: HIG .30 break

[13:13] {nemo} C&H aig

[13:14] {fernp} stop Vad?

[13:14] {Threei} .20 or .15

[13:14] {Threei} nice spot nemo

[13:15] {nemo} sorry...a little late

[13:18] {Threei} MSFT Balmer: Optimistic about economy (26.30, -0.41, -1.54%)

[13:21] {fernp} ty Vad

[13:21] {Threei} :)

[13:23] {bkhmd} thanks Vad

[13:23] {Threei} sure thing

[13:28] {ese} out ener .02 +.19 pieced it out 15k

[13:28] {fernp} gj ese

[13:28] {ese} tks

[13:29] {ese} have a great weekend all

[13:29] {ese} gotta go

[13:29] {fernp} bye ese

[13:29] {bkhmd} good weekend Ese

[13:29] {strider} see ya, ese

[13:29] {ese} cya fern bk st

[13:29] {strider} I'm leavin early also. Stopped at lunch with a good day.

[13:29] {Threei} wtg ese

[13:30] {magoo} IBM vad..read?

[13:30] {Threei} AIG works after nice pullback right back into trigger

[13:30] {Threei} and HIG hit over 1:1 for traders and 1:2 for scalpers

[13:30] {Threei} no mags

[13:30] {magoo} how about GS?

[13:31] {Threei} up from here

[13:31] {Threei} but no stryucture to the play

[13:32] {Threei} we spotted the trurnaround in the market just right

[13:32] {Threei} not many essy to follow candidates, but did get some,

[13:32] {Threei} and avoided attempts to short at what would turn to be a day's low

[13:33] {strider} See y'all Monday.

[13:36] {magoo} c u strider

[13:36] {Threei} take care strider

[13:37] {lasertrev} later strider

[13:43] {magoo} out hig .58 ty boss

[13:44] {Threei} :)

[13:48] {Threei} went for GS?

[13:50] {magoo} no

[13:50] {magoo} nice read tho

[13:51] {magoo} entry was a lil vague he he

[13:51] {Threei} a lil? :)

[13:51] {Threei} it was as vague as it can be

[13:51] {Threei} next to "buy it somwhere"

[13:58] {dino} giddy up shaw

[13:59] {dino} .00 wall

[14:02] {dino} stop to .90

[14:03] {dino} stopped +.40

[14:20] {bkhmd} read on BAC anyone?

[14:20] {Threei} sure

[14:20] {Threei} first is B

[14:20] {Threei} then A

[14:20] {Threei} unlike normal way where A would be dfirst and B second

[14:20] {Threei} but then C on it's normal placw

[14:21] {Threei} this is my comvoluted way to say stay away from it

[14:21] {bkhmd} tc

[14:21] {bkhmd} ty*

[14:22] {Threei} if you think it's too convoluted, don't forget: I am being case-hardned in everyday's communication with nemo and magoo

[14:22] {dino} vmi to .15

[14:22] {nemo} aig break of .35?

[14:23] {Threei} rather yes than no, but kind of 51/49

[14:23] {dino} to .25

[14:23] {nemo} let me try

[14:23] {nemo} A

[14:23] {dino} out +.50 ave

[14:23] {nemo} I

[14:23] {nemo} G

[14:23] {Threei} there... you can do it

[14:23] {Threei} wtg dino

[14:23] {dino} that sucker was tough

[14:26] {nemo} seems like every thing moving w/market

[14:27] {patience} .

[14:30] {dino} ..

[14:30] {dino} ;)

[14:31] {patience} :)

[14:32] {Threei} \|/

[14:33] {dino} ;-)

[14:33] {dino} esi good drop

[14:33] {Threei} men can think of it as roof TV antenna, women as of flower

[14:34] {dino} i saw a pitchfork

[14:34] {Threei} that works too

[14:34] {magoo} i saw a, um...er..female body part lol

[14:34] {nemo} wow

[14:35] {nemo} I saw Vad's horns

[14:35] {Threei} Martha Stewart Living Omnimedia Inc Dropping K-Mart and Sears relationships

[14:35] {Threei} magoo... I guess some people will see that in any drawing...

[14:36] {Threei} just like shrinks - whatever you show them, they see Rorshach ink spots

[14:36] {nemo} No...that's what the charts look like that Dino picks

[14:37] {Threei} Home Depot would launch exclusive MSO brand available at all stores beginning Jan 2010.

[14:37] {Threei} Market Internals update at 2:00pmET

[14:37] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 3.1:1.

[14:37] {Threei} - NASDAQ volume 1.43B shares, about 2% below its three-month average; decliners lead advancers by 1.9:1.

[14:37] {Threei} - VIX index -0.75% to just over 21.50

[14:37] {nemo} that's weird

[14:38] {Threei} Microsoft Corp CEO Ballmer: Optimistic about economy; not so optimistic on stock market

[14:38] {Threei} - Says businesses will be slow to hire or invest.

[14:38] {Threei} - Believes MSFT has performed well in competition with Apple; likes MSFT's 96% market share versus Apple's 4%; competition makes everyone sharp.

[14:38] {Threei} - Expenses will increase at a slower rate in new economy.

[14:38] {Threei} - Says mobile smart phone market still in infancy.

[14:38] {dino} martha stewart osb, 2x4s, t-111

[14:39] {Threei} lol

[14:40] {nemo} hate t-111

[14:40] {nemo} doesn't hold paint for diddly-squat

[14:41] {dino} use stain

[14:41] {nemo} true

[14:41] {dino} vinyl preferred

[14:41] {dino} it's final

[14:41] {nemo} most vinyl siding looks like crap

[14:42] {Threei} things I learn here...

[14:42] {dino} hmmmmm, mr big bucks

[14:43] {larisa} nemo you sound like my hubby

[14:43] {nemo} hig breaking out on 5 minute

[14:43] {nemo} hardly

[14:43] {nemo} so rip or rot Vad?

06[14:43] * nemo channels magoo

[14:43] {Threei} neither...

[14:44] {Threei} sideways

[14:44] {nemo} most frustration to the most people...makes sense

[14:47] {dino} frustration incorporated

[14:47] {nemo} How'd you know about my last relationship?

[14:48] {dino} good tune

[14:48] {Threei} we just look at you

[14:48] {nemo} who did it?

[14:48] {nemo} not worthy of how far I stuck out my chin, Vad...

[14:48] {Threei} probably not... but it's Friday

[14:49] {Threei} bar is lower

[14:49] {nemo} true...

[14:49] {dino} i forget nemo, something about misery loves company

[14:49] {Threei} also, there is that concept of pre-emptive strike

[14:49] {nemo} Ahhh....Bush Doctrine

[14:49] {dino} no 3i obama is taking that option off

[14:50] {dino} so don't fear reta;iation

[14:50] {Threei} I know, that's why I do my part to preserve what I can

[14:50] {dino} ;=l

[14:50] {Threei} at least in this room pre-emptive greetings will be allowed

[14:51] {nemo} Bye Lari

[14:51] {Threei} someone connects in the morning - you say hi to him before he does

[14:51] {Threei} there... nemo'

[14:51] {Threei} s practicing

[14:51] {nemo} just call me Pavlov's

[14:51] {Threei} now... is it a safe bet that on Monday nemo'll do something deserving a trout?

[14:52] {dino} you dog

[14:52] {nemo} maybe I won't show up...

[14:52] {Threei} why would you want to do that?

[14:53] {nemo} avoid a trouting

[14:53] {Threei} all the more reasons for pre=emptive trouting TODAY

[14:53] {nemo} aig short?

[14:53] {Threei} can't tell

[14:53] {nemo} you can now

[14:54] {Threei} AIG doesn't have much connection with market today

[14:54] {dino} cryp l .02 stop .94\

[14:54] {nemo} Mmmmmhhhh...makes me think.....ow!

[14:55] {nemo} Anyway, if not connected to market, then does it just trade on it's own pattern?

[14:55] {nemo} Thus, don't look at the market for clues

[14:55] {dino} its the tree falling in woods thing

[14:56] {Threei} that's the problem,

[14:56] {Threei} it largely trades with no patterns today

[14:56] {Threei} sometimes something shapes up

[14:56] {Threei} but mostly it's random

[14:56] {nemo} yeah, except around that .80 level

[14:56] {Threei} yes,

[14:56] {nemo} bounced off it, then once it broke boom

[14:56] {Threei} and the one where you asked about long

[14:56] {nemo} moth

[14:57] {nemo} had forgotton about that one

[14:58] {dino} what do you have w/ one moth ball here...........................and here?

[14:58] {nemo} I give up

[14:59] {dino} pretty big moth

[14:59] {nemo} oy

[14:59] {Threei} lol

[14:59] {Raven} +

[15:00] {dino} lol i woke up raven

[15:00] {nemo} wow,,,guess he has a pulse

[15:00] {larisa} best joke for today.. {cough}

[15:00] {nemo} hehehehe

[15:00] {dino} ty

[15:00] {Threei} which one?

[15:00] {nemo} the only one

[15:00] {nemo} the rest were comments either patronizing or denigrating...standard fare for this asylum

[15:01] {Threei} we pride ourselves in being generally obnoxious nemo

[15:01] {Threei} Ok... I do

[15:01] {nemo} obviously...else why would you let me stay...my nature fits...and I'm an easy target

[15:02] {dino} two beavers swimming in river, hit concrete wall, one looks at other and says, "dam"

[15:02] {nemo} you still in Hig Vad?

[15:02] {nemo} oy

[15:02] {Threei} no

[15:03] {Threei} nah dino... moth still has a prize

[15:03] {Threei} I am still giggling

[15:03] {larisa} right :)

[15:03] {dino} ok, i am done

[15:03] {Threei} hard to top that :)

[15:03] {Raven} I don't get it

[15:04] {nemo} go back to the roost Raven...

[15:04] {nemo} besides...you'll only ruin your patrician sensibilities

[15:05] {Raven} I am diurnal ... do not roost during day

[15:05] {nemo} o.k. so, crepuscular also?

[15:05] {nemo} frickin hig

[15:05] {Raven} I am not a pervert\

[15:06] {nemo} oy

[15:06] {dino} protest too much?

[15:06] {Raven} lol

[15:06] {nemo} yeah hit a sensitive spot

[15:07] {Raven} {---------- circling nemo

06[15:07] * nemo crawls in cave....closes door...grabs double barrel shotgun...pulls blanket over head...grabs teddy

[15:08] {nemo} aig toying with a drop again...can't rea this one though

[15:09] {Threei} 41 break...

[15:10] {Threei} if stays below .10-.15

[15:10] {magoo} sigh..whats wrong w/u today

[15:10] {larisa} on what?

[15:10] {magoo} 41?

[15:10] {Threei} 43

[15:10] {Threei} AIG

[15:10] {nemo} yeah...put the bottle away

[15:13] {dino} esi sm l .42

[15:15] {nemo} spy did it again...look at the trendline on the 5 min since the lows

[15:16] {nemo} as a matter of fact, the slope last 4 days on the spy is remarkably consistent

[15:16] {fernp} have a nice weekend everybody. be good. see u all on monday.

[15:17] {dino} cya fern

[15:17] {Threei} take care fern, have a good one

[15:17] {bkhmd} later Fern

[15:17] {magoo} fern:)

[15:19] {dino} cryp stopped .98-.04\

[15:20] {Threei} 1:1

[15:24] {Threei} wtching HIG again

[15:26] {Threei} 1:2 AIG

[15:27] {Threei} QDEL is about to open

[15:28] {Threei} huge earning/revenue beat

[15:28] {Threei} oh sorry, opened already

[15:28] {larisa} for looong time :)

[15:28] {Threei} yeah, read wrong line

[15:35] {dino} rovi

[15:35] {dino} dsw hl l .70

[15:38] {larisa} -100 or +20 finish ?

[15:38] {dino} -20

[15:38] {Threei} -20

[15:38] {larisa} nah

[15:38] {nemo} psitive

[15:47] {magoo} -99

[15:48] {Threei} BAC Reportedly House panel to hold hearings on BoA/Merrill merger next Thrs (17.31, -0.79, -4.36%)

[15:48] {larisa} men are wierd, 2 choices, they pick everything else.. one picks not even number..

[15:49] {Threei} lol

[15:49] {Threei} this is second best today

[15:49] {Threei} right after the moth

[15:50] {larisa} sigh

[15:50] {dino} out dsw .76, +.06

[15:51] {bkhmd} Hig Bounce?

[15:52] {Threei} yes but 8 min till close...

[15:52] {bkhmd} ahhhhhhhhhhhhhhh

[15:52] {bkhmd} need to set an alarm clock

[15:52] {bkhmd} lol

[15:58] {bkhmd} good wekend all

[15:59] {bkhmd} thanks for the lesson vad

[15:59] {Threei} about watch??

[15:59] {nemo} alarm clock

[15:59] {bkhmd} lol

[15:59] {Threei} thank you all guys

[15:59] {Threei} a bit turbulent week

[15:59] {Threei} and larisa was closer to the right number

[15:59] {bkhmd} better week ahead perhaps

[16:00] {nemo} frickin optimists

[16:00] {Threei} lol

[16:00] {Threei} havce a good weekend

[16:00] {Threei} see you on Monday

[16:00] {larisa} bye :)

[16:00] {magoo} u 2 vad

[16:00] {lasertrev} have a good weekend everyone

[16:00] {nemo} cya

[16:20] {dino} later all, have a good one