Oct 01 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Things were slow and stops equaled profits, and the day looked useless with those BAC win, HIG stop, RIMM win, AIG stop... but then AIG started breaking down and short plays on it brought us in the green. Trend is trend.

Session Time: Thu Oct 01 00:00:00 2009

[04:45] {KSystems} good morning

06[04:45] * KSystems knocks on everyone's monitor

[08:04] {magoo} mornong

[08:09] {nemo} we in anything Vad ? :)

[08:34] {Threei} Good morning

[08:34] {nemo} haroo

[08:35] {magoo} vAD:)

[08:35] {Threei} nemo, magoo :)

[08:37] {Threei} INITIAL JOBLESS CLAIMS: 551K V 535KE; CONTINUING CLAIMS: 6.09M V 6.170ME

[08:37] {Threei} - Prior Jobless Claims revised from 530K to 534K

[08:37] {Threei} - Prior Continuing Claims revised from 6.138M to 6.16M

[08:38] {Threei} *AUG PERSONAL INCOME: 0.2% V 0.1%E; PERSONAL SPENDING: 1.3% V 1.1%E (largest increase in Personal spending in 8 years)

[08:38] {Threei} - Prior Personal Income revised from 0.0% to 0.2%

[08:38] {Threei} - Prior Personal Spending revised from 0.2% to 0.3%

[08:38] {Threei} *AUG PCE CORE M/M: 0.1% V 0.1%E; PCE CORE Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: -0.5% V -0.6%E

[08:39] {Threei} BLTXX Baltic Dry Bulk Index approx 3% (2nd straight gain)

[08:39] {Threei} - Largest daily gain since July 2009

[08:39] {nemo} and drys is up .01

[08:40] {Threei} can today's set of numbers be interpreted as good news?

[08:41] {nemo} cup half empty thing I guess

[08:41] {Threei} this is funny:

[08:41] {Threei} PIMCO's Bill Gross releases Oct Monthly Investment Outlook

[08:41] {Threei} - Now that our financial system has been stabilized, one wonders whether Californias Governator and indeed the Obama Administration has the capital, the vision, and indeed the discipline of its citizenry to turn things around. Our future doggie bags can hold steak bones or doo-doo of an increasingly familiar smell. For now investors should be holding their noses, their risk orientation, as well as their blue bags, until proven otherwise. Specifically that continues to dictate a focus on high quality bonds and steady dividend paying stocks that can survive, if not thrive, in our journey to a new normal economy of slower growth, muted profit gains, and potential capital destruction via default, abrogation of property rights, and dollar devaluation.

[08:41] {nemo} wow

[08:45] {cosmo} CHTP

[08:46] {magoo} [08:41] {&Threei} can today's set of numbers be interpreted as good news?

[08:46] {magoo} cnbc commentators mostly say numbers are bsad bad bad..indicating tomorrowe important # will be too

[08:47] {magoo} mkts character is undergoing a change last few days

[08:47] {nemo} well...if cnbc says so, it must be true...now we just need Cramer's blessing

[08:47] {Threei} hehe

[08:48] {magoo} can it resolve back up or is theLONG awaited correction peaking out indicators

[08:48] {magoo} i dunno...that why i keep paying vad the monthly bux

[08:48] {Threei} CHTP

[08:48] {Threei} Chelsea Therapeutics Analysis Confirms Significant Symptomatic Benefit of Droxidopa in Treatment of Neurogenic Orthostatic Hypotension

[08:48] {Threei} - Announced that continued analysis of previously reported results from Study 302, the first of two pivotal Phase III trials in Chelsea's registration program of Droxidopa for the treatment of symptomatic, neurogenic orthostatic hypotension (NOH), confirm statistically significant benefits across five clinically relevant assessment criteria that reflect symptomatic improvements and corroborate other supportive symptom data.

[08:48] {Threei} - The collective dataset also supports the exceptional safety and tolerability of Droxidopa.

[08:48] {cosmo} CHTP 3.13 pre mkt high so far

[08:49] {Threei} OK, I don't get it

[08:49] {Threei} 09/24/2009 09:09 AM [CHTP] Preliminary data show Phase III study of Droxidopa did not meet statistical significance in treating neurogenic orthostatic hypotension

[08:50] {Threei} 10/01/2009 07:07 AM [CHTP] Analysis Confirms Significant Symptomatic Benefit of Droxidopa in Treatment of Neurogenic Orthostatic Hypotension

[08:50] {Threei} say what?

[08:50] {cosmo} don't think

[08:50] {nemo} somebody sent a check to somebody

[08:50] {magoo} i know..its all bullshit

[08:51] {magoo} so u sell then...and now buy

[08:52] {Threei} I can see tomorrow's headline:

[08:52] {Threei} 10/02/2009 [CHTP] There is no Droxidopa

[08:59] {lasertrev} morning

[08:59] {Threei} trev :)

[09:01] {larisa} gm :)

[09:01] {Threei} larisa :)

[09:02] {nemo} LT, Lari :)

[09:02] {larisa} vad, nemo :)

[09:04] {magoo} ua ua down vad, news

[09:05] {nemo} look at RIMM mags

[09:06] {Threei} Yesterday 16:16 UAUA To offer $175M (13.2% of market cap) of Conv. Sr. notes and 19M stock (13% of shares outstanding)

[09:06] {Threei}

[09:06] {Threei} US) Fed's Bernanke: The Fed should not be the only regulator of systemic risk

[09:07] {ese} morning........

[09:08] {Threei} ese :)

[09:08] {ese} whats hot in the old town tonight

[09:08] {ese} is it shoring time vad

[09:08] {ese} shorting

[09:08] {Threei} hmmm

[09:09] {Threei} don't know yet

[09:09] {Threei} we increased short trades lately if you noticed

[09:09] {Threei} but full out short, not yet probably

[09:10] {ese} yup have noticed a little more shorting for sure

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:15] {ese} dino

[09:15] {dino} hmm 7 of last 10 days down

[09:16] {ese} and more to come imo

[09:16] {dino} coin theory, thats all

[09:17] {nemo} $ up this morning...see if the recent relationship still holds

[09:17] {dino} need weak $

[09:18] {nemo} has been the case

[09:19] {nemo} mmhhhhh....big job report tomorrow, recent one not good...today is a pomo day

[09:21] {fernp} good morning everybody

[09:22] {Threei} fern :)

[09:22] {Threei} you won't believe it:

[09:22] {Threei} after you left yesterday, we had another trade in AIG,

[09:23] {Threei} same scenario - profitable but absolutely torturous

[09:23] {nemo} I'm still digging the bamboo shoots out from under my fingernails

[09:23] {fernp} yes i read it

[09:25] {Threei} have a look at CYTK daily

[09:28] {magoo} u have charts vad?

[09:28] {magoo} serber?

[09:28] {nemo} cytk 5 minute looks strong

[09:28] {dptl} good morning all

[09:29] {nemo} hehehe see rimm mags

[09:29] {fernp} gm dp

[09:30] {Threei} yes mags

[09:30] {Threei} dp :)

[09:31] {nemo} aig drop

[09:33] {magoo} RIMM goes against mkt here

[09:34] {nemo} it's been down so hard

[09:34] {magoo} HOKU

[09:35] {Threei} ugh... was late with HIG .60 short alert

[09:37] {magoo} AIG holding 43 for now

[09:38] {magoo} BAC nuts

[09:39] {Threei} (US) Treasury's Ramanathan: Expect US to raise nominal coupon issuance, inflation-indexed securities over the next nine months

[09:39] {Threei} - Mulling extention of the longest-dated TIPS to 30 years from 20 years. (related EUR/USD TLT SHY )

[09:40] {Threei} AONE

[09:40] {Threei} recent IPO

[09:40] {Threei} new highs

[09:40] {Threei} momo

[09:46] {fernp} .

[09:48] {Threei} Long Setup: RIMM .60 break

[09:48] {Threei} .45 stop

[09:49] {magoo} dam, went for cvoffee

[09:49] {magoo} missed your only call

[09:49] {Threei} 1:1, half out

[09:49] {fernp} ty Vad

[09:50] {magoo} u should have said"magoo..hurry up..get yuour cofee..gonna make a call soon"

[09:50] {Threei} sigh

[09:51] {magoo} ism i think at 10

[09:52] {Threei} Preview: Sept ISM Manufacturing due out at 10amET

[09:52] {Threei} **consensus expectation: 54e v 52.9 prior

[09:52] {Threei} Preview: Aug Pending Home Sales due out at 10amET

[09:52] {Threei} **consensus expectation (m/m): 1.0%e v 3.2% prior

[09:54] {Threei} BAC

[09:54] {Threei} pulled back

[09:54] {Threei} watching for bounce

[09:55] {Threei} not clear yet

[09:55] {fernp} ism in 5 min Vad

[09:55] {Threei} yeah

[09:56] {magoo} lets let number come first..yesterday the reaction was brutal

[10:00] {Threei} *AUG PENDING HOME SALES (M/M): 6.4% V 1.0%E; (Y/Y): 12.1% V 12.9% PRIOR

[10:00] {Threei} SEPT ISM MANUFACTURING: 52.6 V 54E; PRICES PAID: 63.5 V 66E

[10:00] {nemo} "disinflationary"

[10:00] {Threei} *AUG CONSTRUCTION SPENDING (M/M): +0.8% V -0.1%E

[10:02] {magoo} AONE

[10:02] {magoo} sheesh

[10:04] {Threei} if takes .40 goes to 24

[10:05] {magoo} bac crushed

[10:05] {ese} L chtp .36

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

[10:07] {Threei} stopunder .65

[10:09] {Threei} Preview: Sept US Vehicle Sales numbers expected throughout the day from major auto makers

[10:09] {Threei} **consensus estimates (unadjused):

[10:09] {Threei} - Ford: -5%e (usually released at Noon ET).

[10:09] {Threei} - GM: -44%e (usually released around 1:45pmET).

[10:09] {Threei} - Chrysler: -43%e

[10:09] {Threei} **Reminder: the Cash for Clunkers program ended in August so year over year sales are expected to return to negative levels.

[10:11] {Threei} Long Setup: AONE 23 meltdown, half lot, if stays above 22.80

[10:11] {Threei} invalidated

[10:12] {ese} out chtp . 30 -}06

[10:12] {Threei} BAC over 1:1

[10:12] {ese} nothin there

[10:12] {fernp} ty

[10:17] {nemo} .

[10:18] {Threei} Long Setup: WFC .50 break

[10:18] {Threei} if stays above .40

[10:21] {ese} in

[10:21] {dino} cedc sm l .03

[10:21] {ese} .52

[10:23] {dino} xlnx gap fill area

[10:24] {dino} sm l .02

[10:24] {magoo} in .46

[10:25] {nemo} bac hit 1:1

[10:25] {nemo} 1:2

[10:25] {nemo} sorry

[10:25] {Threei} yeah... I thought you all took a scalp

[10:25] {nemo} I did

[10:25] {magoo} still in it vad

[10:26] {Threei} partialling out?

[10:26] {magoo} yea

[10:26] {Threei} okay then

[10:26] {Threei} just don't hold whole thing hoping for a homerun :)

[10:26] {nemo} magoo...much too conservative for that

[10:26] {Threei} uhhu

[10:27] {nemo} rimm looking short?

[10:28] {ese} you talking about wfc...partialling out

[10:28] {Threei} no, BAC

[10:28] {Threei} canb't tell on RIMM

[10:28] {ese} ahhhh good.....had me goin there for a sec

[10:29] {ese} although wfc is not doing much .......not likely to hang around

[10:30] {Threei} stopped

[10:30] {ese} out wfc.44 -.09

[10:30] {fernp} out here too

[10:32] {Threei} Short Setup: GAME 11.20 break

[10:32] {Threei} if stays under .30

[10:34] {nemo} what if it breaks that huge order @ .25

[10:34] {magoo} AONE nice bounce

[10:35] {magoo} it held well too..prob has the run left in it vad

[10:35] {Threei} most likelt but I can't find any technical entries

[10:36] {magoo} thin f'er

[10:36] {Threei} 23.85 looked like one,

[10:36] {Threei} but every time I tried to call it, it would violate support

[10:36] {magoo} ud be proud

[10:36] {magoo} i hit .06 and out .27

[10:36] {magoo} but too riusky to call

[10:37] {Threei} well, that's how momos are to be played... on feel

[10:37] {fernp} WFC 1:1 without us

[10:37] {Threei} yeah, that was rude by WFC

[10:37] {magoo} slow out though..my shares were even holding it back

[10:37] {magoo} so thinny

[10:37] {ese} ya ..notieced that fern......thats the way my trading has been going lately

[10:38] {fernp} only your trading? ... same here :)

[10:38] {ese} breakouts have not been working for me.....as i look at the log.....looks like it has to be pullback

[10:38] {ese} s

[10:39] {magoo} mkts lost the run run run forest power the last few trading sessions

[10:39] {ese} at least anything i've made money on

[10:39] {magoo} better on pllbks

[10:39] {ese} agreed mags

[10:39] {Threei} isn't it what we trade most of the time lately?

[10:39] {Threei} pullbacks and breakdowns

[10:39] {fernp} yes agree pulbacks are better

[10:39] {magoo} im back to scalps cause im missing exits looking for big move of past

[10:40] {magoo} absopollutly vad..u gave me the good advise while back

[10:40] {magoo} mkts changed for now

[10:41] {magoo} like the gump mkt better tho

[10:41] {Threei} don't we all

[10:41] {magoo} run forest run

[10:41] {Threei} enter wherever

[10:41] {Threei} sell in 2 hours

[10:41] {magoo} but me more..its what i was born to do

[10:41] {nemo} Bruce

[10:42] {ese} l drys .76

[10:42] {Threei} Iran and the 6 major powers agree to meet for further talks before the end of Oct - Iranian State TV

[10:43] {Threei} so, let me et this straight: they meet, talked and agreed to meet again?

[10:43] {ese} as complex as that seems......thats what they've done

[10:44] {nemo} aone consolidating

[10:44] {Threei} sounds like first date

[10:45] {larisa} 1 with 6 ? first date?

[10:45] {nemo} huh? sounds like something else

[10:45] {Threei} ok... I withdraw that :)

[10:46] {Threei} not because I have nothing to say but because I can see where it's going... no good can come out of it with nemo around {G}

[10:47] {nemo} not fair...I've been counting...breathing...and counting again for a couple of weeks now.

[10:47] {ese} isil covering a gap dino

[10:47] {nemo} aone broke

[10:48] {magoo} ill tell u..risky as trying to steal bacon off vads plate...but w/any mkt help..AONE 24

[10:48] {dino} from aug es?

[10:52] {magoo} out here .85

[10:52] {magoo} just because

[10:54] {Threei} you exited BAC finally?

[10:54] {nemo} or aone?

[10:55] {ese} from 08/28

[10:55] {ese} according to my charts

[10:55] {fernp} GAME invalidated

[10:55] {Threei} yeah... waste of time, that GAME

[10:55] {magoo} oh..sorry..long time ago....78

[10:55] {magoo} had 6k

[10:56] {Threei} ok

[10:56] {Threei} AONE push to that 24

[10:56] {magoo} .85 was AONE

[10:57] {Threei} Fed's Bernanke: There is no immediate risk to the USD; must put "Macro house" in order to avoid long term risk to the USD

[10:57] {magoo} sorry..was not reading

[10:57] {ese} was just raised to buy as well dino

[10:59] {ese} sorry thats outperform by oppenheimer.......whatever that means

[11:02] {dino} i like it es around 14

[11:03] {ese} me too......

[11:04] {nemo} look for aone to consolidate above 23.40?

[11:04] {Threei} AIG doesn't make new lows

[11:04] {Threei} nemo... it's a momo mover

[11:04] {Threei} which means what?

[11:04] {nemo} no technicals

[11:05] {Threei} there you go

[11:05] {magoo} dunno..i could see it dupe us in and tank to 38

[11:05] {ese} class is in session......cool.....do we put up our hands to answer

[11:05] {magoo} doesnt play nice

[11:05] {magoo} but, if u call it..i will come

[11:05] {nemo} ruff

[11:06] {Threei} not really ese... that's just mee looking for a reason to beat up on someone

[11:06] {Threei} you are talking about AIG mags?

[11:06] {ese} thats cool too!

[11:06] {magoo} yup

[11:06] {Threei} watching... trying to get a feel

[11:06] {magoo} if IF mkt goes down 300..i see it 39

[11:07] {magoo} mkts the problem

[11:07] {Threei} well... there was that analyst who called 0.01 on it

[11:07] {magoo} will dip buyers show or is the profit taking on

[11:07] {Threei} then again, another one, just as smart, called 200

[11:08] {Threei} hmmm

[11:08] {Threei} amazing resilience

[11:08] {ese} $200.00?

[11:08] {Threei} yes

[11:08] {Threei} it has all the makings of a good bounce

[11:08] {ese} sheeeeesh!

[11:09] {nemo} trev dcc

[11:09] {Threei} just needs market to help

[11:10] {dino} xlnx stopped

[11:10] {magoo} SPY breaking critcal levels

[11:10] {dino} 1036 s/p target

[11:10] {Threei} Long Setup: AIG .65 break if holding .50

[11:10] {Threei} won't be easy

[11:11] {dino} previous pullbacks last couple months, 70 pts s/p fwiw

[11:11] {dino} that would be 1010 area

[11:11] {Threei} US House Speaker Pelosi: Bill will keep public option available (related IYH )

[11:12] {Threei} (RU) Russian prepared to enrich uranium for Iran research reactor

[11:13] {dino} bpo, 10.60 gap few days ago

[11:13] {fernp} HIG double bottom?

[11:13] {Threei} or breakdown...

[11:13] {Threei} hard to tell really

[11:13] {Threei} GM Exec: Volt will be in production before the end of 2010

[11:14] {dino} shocking

[11:15] {dino} could not resist

[11:16] {nemo} oh..haha...

[11:17] {dino} ndx -4.5% from sept highs (6 days ago)

[11:18] {fernp} now HIG seems breakdown...

[11:19] {nemo} read fdx vad?

[11:19] {Threei} .15 break...

[11:19] {Threei} with stop under 74

[11:19] {nemo} yeah

[11:23] {fernp} AIG 10 minutes around entry point ... the torture has started ... lol

[11:24] {nemo} started yesterday

[11:24] {Threei} [11:10] {Threei} won't be easy

[11:24] {Threei} fair warning :)

[11:24] {fernp} i know i know

[11:25] {nemo} can short sell aone

[11:27] {Threei} and GAME... something changed in IPO shorting rules I asssume

[11:29] {Threei} IA) Iran Foreign Min: Talks with major powers were 'constuctive'

[11:30] {Threei} USD/CAD Moves to session highs; dealers eye 1.0790 as Sept pivot point

[11:30] {nemo} I swear, no one plays the diplomatic game better than Iran

[11:30] {Threei} die loonie

[11:30] {nemo} ow

[11:30] {Threei} AIG resolved our doubts

[11:31] {dino} what you call me?

[11:31] {nemo} huh?

[11:31] {nemo} oh...haha

[11:31] {Threei} lol

[11:31] {dino} loonie

[11:31] {nemo} yeah...got it

[11:31] {nemo} Raven must just be shaking his head

[11:32] {Raven} I was

[11:32] {Threei} Raven gave up on us

[11:32] {Raven} so hopeless

[11:32] {nemo} Crow spirits...strong medicine

[11:32] {Threei} "incorrigible" is the only word in his vocabulary as he observes us

[11:32] {Raven} lol

[11:32] {nemo} I was thinking...insane...immature...psychotic...

[11:33] {Threei} nemo, get away from mirror

[11:33] {Raven} all of the above and more

[11:33] {nemo} no...I'm reading over my psychiatric report

[11:40] {nemo} frickin' fdx

[11:40] {dino} rino

[11:43] {nemo} tlcr

[11:44] {dino} aes hl l .22

[11:45] {dino} brb

[11:48] {nemo} volume above average today

[11:54] {ese} ahh yes....i'm back

[11:55] {nemo} feels like a shoe is going to drop

[12:01] {Threei} F Reports Sept vehicle sales -5.1% v -9%e

[12:05] {Threei} EU's Solana confirms major powers will meet with Iran before October end (related GLD XAU/USD )

[12:05] {Threei} okay, we got it

[12:05] {Threei} they'll meet

[12:05] {Threei} why F spike

[12:05] {Threei} nthing fresh

[12:06] {Threei} sales reported 5 min ago

[12:06] {nemo} they've been talking about setting up a date

[12:08] {nemo} well....

[12:08] {nemo} we in anything Vad...?

[12:09] {Threei} navel gazing

[12:09] {nemo} not what I expected

[12:09] {Threei} sorry to disappoint

[12:09] {nemo} didn't say I was disappointed

[12:12] {dino} clw sm l .23 thin

[12:12] {magoo} AONE held like a true champion steak sauce

[12:12] {dino} bold and spicey

[12:12] {nemo} gag...

[12:14] {Threei} better than bald

[12:14] {dino} pop up coming, cramer ranting 9k before 10k

[12:14] {nemo} huh?

[12:14] {magoo} and snotty

[12:14] {nemo} this is getting a bit dis-jointed...even for me

[12:25] {magoo} c'mon vad..whats read aone here

[12:26] {Threei} still think it goes to 24 and above... I just can't find the entry

[12:26] {magoo} i cant make all the calls unless u gonna wave my room fees lol

[12:26] {Threei} lol

[12:34] {Threei} (US) Fed's Bernanke: US unemployment rate would likely remain above 9% at the end of 2010 if GDP is below +3%

[12:34] {Threei} - Believes 2010 growth unlikely to substantially reduce joblessness

[12:37] {dino} ouch

[12:39] {Threei} 24 tagged

[12:39] {Threei} and immediate selloff

[12:44] {Threei} AIG

[12:45] {Threei} watching for bounce scalp

[12:46] {Threei} not clear yet, mostl likely dive under 42 first

[12:46] {Threei} CHTP Ladenburg Thalmann Raised CHTP to Buy from Neutral (timing uncertain)

[12:47] {Threei} Note: Ladenburg Thalmann Cut CHTP to Neutral from Buy on 9/25

[12:47] {Threei} no really??

[12:47] {dino} ouch clw stopped

[12:47] {Threei} this must be a joke

[12:48] {Threei} ese... hoe's that for upgrades and downgrades?

[12:48] {Threei} Chrysler CEO: September sales are not an indicator of future trends, insists Chysler is not "bleeding as much as people think"

[12:48] {Threei} - 'We are going through a painful process" at the moment

[12:54] {ese} just bizzare...as per usual

[12:54] {Threei} AIG, long on dive under .10

[12:54] {Threei} stop is naturally under 42 if gives us entry

[12:55] {Threei} in

[13:01] {Threei} Chrysler Reports Sept sales -42%

[13:01] {Threei} DAI.GE Reports Sept Mercedes-Benz Cars sales down 13.4% y/y to 17,779 units

[13:02] {Threei} [NSANY] Reports US Sept vehicle sales -7% to 55,393 units (Nissan/Infiniti)

[13:02] {Threei} and I still haven't changed my Nissan... so they have another sdale coming

[13:04] {Threei} scratching AIG

[13:04] {Threei} out -.02

[13:04] {Threei} Short Setup: AIG 42 breakdown

[13:04] {Threei} if stays under .10

[13:15] {Threei} gfeels like market breakdown is coming

[13:15] {Threei} Short Setup: RIMM .25

[13:16] {Threei} if stays below .40

[13:17] {ese} right then....i'm off to see the wizard..the wonderff........for crying out loud see you all tomorow

[13:17] {Threei} lol... take care ese

[13:18] {ese} see ya vad

[13:18] {nemo} pay no attention to the man behind ese

[13:19] {Threei} if go for aggressive wentry on RIMM, keep stop above .40 as if your life depended on it

[13:19] {magoo} in

[13:19] {Threei} it's make or break moment for the market, if no breakdown - snapback can be furious

[13:19] {magoo} it does

[13:19] {Threei} my bet on breakdown though

[13:20] {magoo} short AIG now

[13:20] {Threei} RIMM 1:1, covering half

[13:20] {Threei} scalpers as always

[13:20] {Threei} get theirs and run

[13:20] {Threei} and we sit here and hate them

[13:21] {Threei} but if it drops more they sit there and hate us

[13:21] {Threei} so we are about even

[13:22] {Threei} guess who is on TV

[13:22] {nemo} Mitt Romney?

[13:22] {Threei} you wish

[13:22] {magoo} hillary?

[13:22] {nemo} no, I guessed

[13:23] {Threei} BMW.GE UPDATE: Reports US sales +3.6% y/y to 19.2K units

[13:23] {Threei} hah

[13:23] {Threei} good for bimmer

[13:24] {magoo} covered rimm .03 NICE one

[13:24] {Threei} wow... don't call me that

[13:24] {nemo} evil one

[13:25] {nemo} wow, aig holding really well in this downdraft

[13:26] {Threei} yes but unless I see market jumping up, I can't commit to long on it

[13:26] {Threei} too much torture

[13:26] {nemo} hahaha boom!

[13:26] {Threei} what the

[13:27] {magoo} AIG RETARDED

[13:27] {Threei} 005380.KS Reports Sept US sales + 27% y/y at 31,511 units

[13:27] {Threei} Hyundai

[13:29] {Threei} TBBK Appoints Paul Frenkiel as CFO

[13:29] {Threei} finally

[13:29] {Threei} I started worrying about Mr Frenkiel employment perspectives

[13:31] {Threei} {AIG} you used to love me... sniff sniff... I am still the same... what changed...

[13:32] {nemo} you're old news

[13:44] {Threei} YRCW Logistics unit awarded Toromocho Copper Mine Project

[13:44] {Threei} - Announced a new three-year service agreement with Minera Chinalco Peru S.A. for logistics activiti... (4.44, -0.01, -0.22%) more...

[13:44] {Threei} (US) Fed's Lacker: wants rate increase once recovery is established; risk of double dip recession has dimished 'quite considerably'

[13:44] {Threei} - Timing of rate increase dependent on consumer spending outlook.

[13:44] {Threei} - GDP may have expanded to 2.5% -3% in 3Q.

[13:44] {Threei} - Growth outlook more fundamental than job market.

[13:44] {Threei} - notes there is something to the view of the Fed's Warsh that a more agressive exit strategy may be needed.

[13:49] {nemo} read bac vad

[13:49] {nemo} 3 one syllable words

[13:49] {Threei} .68 long

[13:50] {Threei} stop .62 for extreme scalpers, .59 for the rest

[13:51] {nemo} aig forming a rising triangle

[13:52] {Threei} {AIG} not after you called me yesterday's news

[13:52] {nemo} wow...touuuuuuchhhhhy

[13:53] {Threei} {AIG} yes, we insurance giants are very fragile

[13:53] {Threei} and we've been hurt

[13:53] {nemo} the pain of emotional scars

[13:53] {Threei} CIT Reportedly files DIP loan of $5-7B (1.08, -0.13, -10.74%)

[13:54] {Threei} GM Reports US Sept vehicle sales -47.1%

[13:54] {Threei} CIT Reportedly planning to file DIP loan of $5-7B if needs to file for pre bankruptcy - unconfirmed report

[13:54] {Threei} - notes has not yet finalized any debtor in possession loan; but will do so if filing for bankruptcy

[13:55] {nemo} frickin' aig

[13:57] {nemo} bac invalumidated

[13:59] {dino} gm -47% wow

[13:59] {Threei} this CIT headline seems to be what killed finnies just now

[13:59] {nemo} saw that

[13:59] {Threei} including AIG and BAC

[14:20] {Threei} TM Reports US Sept vehicle sales -16% y/y(adjusted) to 126K units; vs 225K units m/m

[14:21] {Threei} BAC WSJ: Board considering the hiring of a 'short term' CEO in effforts to provide more time for candidates to 'develop'

[14:22] {Threei} short term ceo eh

[14:23] {Threei} is it like shiort term trade?

[14:23] {nemo} more like a marriage

[14:23] {Threei} scared to think what they do to him if they get into scalping

[14:26] {magoo} AIG long vader?

[14:26] {Threei} US) Fed's Lacker: unemployment does not need to decline before removing stimulus

[14:26] {Threei} - Fed can tighten with excess reserves in the system by raising interest on reserves

[14:26] {Threei} I like the pullback entrey mags

[14:27] {Threei} and market strenghtens

[14:27] {Threei} here

[14:27] {Threei} use this downtick

[14:27] {Threei} keep stop under 42

[14:27] {magoo} in

[14:28] {nemo} gotta' go...c u 2 morow...

[14:28] {Threei} take care nemo

[14:29] {nemo} have a nice day sensitive-vad

[14:29] {fernp} bye nemo

[14:29] {Threei} hmm?

[14:29] {magoo} bye cap'n

[14:29] {Threei} me? sensitive?

[14:30] {Threei} PACR Hearing takeover chatter circulating (3.73, -0.13, -3.37%) \

[14:31] {Threei} come on market

[14:31] {Threei} het snappy

[14:31] {Threei} this slowness becomes tiresome

[14:35] {magoo} stopped f'in aifg

[14:35] {magoo} had it short..lost hsad it long twice ..lost

[14:35] {fernp} incredible AIG

[14:36] {fernp} AIG did exactly the opposite of what I thought

[14:40] {Threei} 42 break was still the way to go on short side

[14:40] {Threei} (as we know after fact)

[14:42] {magoo} and aggressive hilled me...was short 03

[14:42] {magoo} wouldnt fall..bounces to .50

[14:43] {fernp} good evening everybody. have to go, see u all tomorrow

[14:43] {Threei} take care fern, not a stellar day

[14:43] {Threei} but today is magoo's turn to take blame

[14:44] {fernp} tomorrow will be better. yes today is Magoo's fault :)

[14:44] {dino} cya fern

[14:59] {Threei} if marker starts another downward leg, .50 break is new short trigger for AIG

[15:04] {Threei} 1:1

[15:07] {Threei} 1:2

[15:07] {Threei} fess up... anyone?

[15:08] {magoo} i partialed .08

[15:08] {Threei} .08??

[15:08] {magoo} yea

[15:08] {Threei} exact bottom so far?

[15:08] {Threei} wow

[15:08] {magoo} still more

[15:08] {Threei} could be but the drop is ery sharp

[15:09] {magoo} lucky..was waiting

[15:09] {Threei} 1:3

[15:09] {magoo} but partuial

[15:09] {Threei} okay... glad I could call it for you to soften your frustration with AIG

[15:10] {magoo} okm out

[15:11] {Threei} good idea

[15:12] {Threei} asll 50 cents sharp moves so far led to snapbacks today

[15:12] {Threei} on AIG I mean

[15:12] {magoo} feels lower..what u think?

[15:12] {Threei} I think too bad fern left

[15:12] {Threei} he would right this day with this trade

[15:13] {magoo} f' him..give me a read lol

[15:13] {Threei} he will strangle tou tomorrow, you know that, right?

[15:14] {magoo} gladly accept a strangling tomorrow for a profitable today

[15:14] {Threei} I need some more consolidation before next break

[15:14] {Threei} lol

[15:15] {Threei} look how long AIG spent consolidating before successful breaks today

[15:15] {Threei} all premature entries would be a subject of shakeout

[15:15] {Threei} granted, closer to eod things should accelerate a bit

[15:15] {Threei} but still, not ready to call it yet

[15:17] {dino} cga drop

[15:18] {magoo} may be a short

[15:18] {magoo} may be the best long ever

[15:21] {magoo} sh .03

06[15:22] * fernp slaps magoo around a bit with a large trout

06[15:22] * fernp slaps magoo around a bit with a large trout

[15:22] {fernp} something told me I had to take a look at the screen

[15:22] {Threei} here comes justicwe

[15:22] {larisa} lol

[15:22] {Threei} and magoo can't answer, he is in AIG short

[15:22] {Threei} perfect

[15:22] {magoo} out .70

[15:22] {Threei} uh oh

[15:22] {fernp} great trade

[15:22] {Threei} run fern

06[15:23] * magoo slaps fernp around a bit with a large trout

06[15:23] * magoo slaps fernp around a bit with a large trout

06[15:23] * magoo slaps fernp around a bit with a large trout

[15:23] {magoo} i mentioned 39 toda vad

[15:23] {Threei} guess who is on TV

[15:23] {magoo} hillary

[15:23] {Threei} you wish

[15:24] {magoo} sh .60

[15:25] {magoo} FMX

[15:25] {Threei} takover chatter

[15:26] {magoo} AIG read please

[15:26] {dino} all i see is proposed tax hike

[15:27] {Threei} on what dino?

[15:27] {dino} fmx

[15:27] {Threei} FMX WSJ: Femsa Beer operations could be acquired by SABMiller or Heineken

[15:27] {Threei} - WSJ: deal could be valued at approx. $9B (related TAP HEIA.NV ABI.BE )

[15:27] {Threei} 15:17

[15:27] {dino} tecate', dos equis

[15:29] {magoo} cov .30

[15:29] {magoo} AIG

[15:30] {larisa} scalped it long off .20 :)

[15:30] {dino} gj

[15:31] {Threei} AIG wonders... everyone makes money off it and expresses hatred for it??

[15:31] {Threei} that's just not right

[15:35] {larisa} so close to 40, will try to lose it imo

[15:35] {larisa} or not today?

[15:36] {Threei} i'd think not

[15:37] {Threei} I think long scalp

[15:37] {dino} mub drop

[15:39] {Threei} anyone went for it, feel free to take profit

[15:40] {Threei} FMX Notes it has no comment on WSJ reports (44.10, +6.05, 15.90%)

[15:43] {Threei} mags

[15:43] {Threei} did we fix the day?

[15:44] {magoo} yea ...unreal...down 3k..now up 2

06[15:44] * Threei slaps magoo around a bit with a large roll of cash

[15:44] {magoo} couldnt print

[15:44] {Threei} can I give youi little advice?

[15:44] {magoo} i caught some fmx twice long too

[15:44] {magoo} scalps

[15:44] {magoo} sure

[15:44] {Threei} no more trades for today

[15:45] {Threei} whatever you see and however tempting it looks

[15:45] {magoo} but let me say, the aggressive got me cause i was correct but early

[15:45] {Threei} that's its nature

[15:45] {Threei} more shakeouts with aggressive entries

[15:45] {magoo} yea

[15:46] {magoo} did 175k shares today

[15:46] {larisa} lol

[15:46] {Threei} we have one happy broker, lol

[15:46] {Threei} I was much humbler today

[15:46] {Threei} just 60K

[15:46] {magoo} well..i was determined

[15:47] {Threei} or drunk

[15:47] {Threei} here is one parting piece of educational word

[15:47] {Threei} very frequent pattern:

[15:48] {Threei} you are losing in the first part of the day,

[15:48] {Threei} then find your song,

[15:48] {Threei} get it back and/or move in green.

[15:48] {Threei} If you stop right there, everything's fine.

[15:48] {Threei} But if you feel inspired and oush for more

[15:49] {Threei} you are more then likely to give it all back and find yourself where you were before the turnaround

[15:49] {Threei} saw it happening many times

[15:52] {magoo} sorry..huh..im in some trades

[15:52] {Threei} lol

[15:52] {magoo} ok out

[15:53] {magoo} now ill go read

[15:53] {Threei} Raven... I am going to change my ways...

[15:53] {magoo} oh..he he

[15:53] {Threei} starting tomorrow, all I do is I have unhurried deep palavers with you and larisa

[15:54] {Raven} lol ...

[15:54] {Threei} no more worldly rush

[15:54] {Raven} we'll see about that

[15:54] {magoo} huh? palvers??

06[15:55] * Raven slaps magoo around a bit with a large trout

[15:55] {dino} s/p -4.6% in week

[15:55] {Threei} AIG doesn't go down wit market over last 5-10 min

[15:55] {magoo} AIG held that fall

[15:55] {dptl} have a good evening all

[15:55] {Threei} good thing weswitched to long on it

[15:55] {magoo} WAIT

06[15:55] * magoo slaps dptl around a bit with a large trout

[15:55] {Threei} take care dp

[15:55] {dptl} :)

[15:56] {dptl} no...hold on...

06[15:56] * dptl slaps magoo around a bit with a large trout

[15:56] {dino} -5% ndx

[15:56] {Threei} fat red day today

[15:57] {Threei} Market Internals update at 3:30pmET

[15:57] {Threei} - NYSE volume 1.04B shares, about 20% above its three-month average; decliners lead advancers by 13.8:1.

[15:57] {Threei} - NASDAQ volume 2.18B shares, about 20% above its three-month average; decliners lead advancers by 4.5:1.

[15:57] {Threei} - VIX index +9% to just under 28.00

[15:57] {Threei} big volume too

[15:57] {Threei} half of it magoo...

[15:57] {dptl} lol

[15:58] {Threei} look at BAC vs AIG last minutes

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} have a good evening, see tyou tomorrow

[15:59] {magoo} ty boss

[15:59] {larisa} see you later for some palavers :)

[15:59] {Threei} lol

[15:59] {magoo} what is that?

[16:00] {larisa} have no idea :)

[16:00] {Threei} sheesh

[16:00] {Threei} get a dictionary

[16:00] {Threei} oh wait

[16:00] {dptl} roflol

[16:00] {Threei} you said you read dark Towers

[16:00] {magoo} i just thought you spelled it badly

[16:01] {Threei} it's not a common word but you can see it it frequently in that book

[16:02] {larisa} meeting, conversation dictonary says. never heard it before :)

[16:02] {dino} i did

[16:02] {larisa} also kiss up

[16:02] {magoo} chrissakes, just tell me

[16:02] {Threei} well... not exactly what I intended to do wirth Raven

[16:02] {larisa} lol

[16:02] {dptl} lol

[16:03] {Threei} mags

[16:03] {Threei} [16:02] {larisa} meeting, conversation dictonary says

[16:03] {Raven} sigh

[16:04] {Raven} class dismissed ... turn off the lights

[16:04] {Threei} thank you :)

[16:04] {magoo} :)

[16:04] {magoo} need a brew

[16:04] {Threei} you are slow... do goes through second bottle of vodka

[16:05] {Threei} Raven mixes up his martini

[16:05] {Raven} soon

[16:05] {Threei} I can't chose between Glenlivet and Hennessy

[16:05] {Threei} but I will

[16:06] {magoo} taste test

[16:06] {Threei} worst case scenario I'll have both

[16:06] {Raven} gotta get some sushi at the store first

[16:06] {dptl} have G now and H in the evening :)

[16:06] {magoo} i tried some, er, um...raven at local beast feast

[16:06] {Threei} TELK

[16:06] {Threei} TELK Announces ublication of Positive Phase 1-2a Results of a Multicenter Study of TELCYTA(R) in Combination With Car (0.79, 0.00, -0.50%)

[16:07] {Raven} careful