Oct 02 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Another slow day with few trades and a lot of uncertainty that kept us away from some trades that in retrospective proved to be right ones. Still, ended in profit.

Session Time: Fri Oct 02 00:00:00 2009

[08:01] {Threei} ETRM

[08:01] {Threei} EnteroMedics Announces Preliminary Results of its EMPOWER Study; did not meet primary and secondary efficacy endpoints

[08:01] {Threei} - Based on an initial analysis, the study did not meet its primary and secondary efficacy endpoints.

[08:01] {Threei} - There were no therapy-related serious adverse events reported in the study. The EMPOWER Study is a randomized, double-blind, placebo-controlled pivotal study designed to evaluate the safety and effectiveness of the Maestro System for the treatment of obesity.

[08:30] {Threei} SEPT UNEMPLOYMENT RATE: 9.8% V 9.8%E

[08:30] {Threei} SEPT CHANGE IN NONFARM PAYROLLS: -263K V -175KE; CHANGE IN MANUFACTURING PAYROLLS: -51K V -52KE

[08:30] {Threei} - Prior nonfarm payrolls revised from -216K to -201K

[08:30] {Threei} *SEPT AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.2%E; AVERAGE WEEKLY HOURS: 33.0 V 33.1E

[08:30] {Threei} - Prior Average Hourly Earnings M/M revised from 0.3% to 0.4%

[08:38] {magoo} morn

[08:38] {Threei} magoo :)

[08:40] {magoo} last nite vad FSLR at asppx .5:20 popped to 155

[08:40] {magoo} any news

[08:40] {magoo} i shorted for 2 p[oints, pure luck

[08:40] {magoo} 11 point pop

[08:41] {Threei} 5:18:16 PM

[08:41] {Threei} First Solar Inc. To replace WYE in S&P500; NWSA to replace WYE in S&P100 index

[08:41] {magoo} ok

[08:42] {Threei} watch ETRM, maybe second dip

[08:42] {Threei} .50 was sweet entry

[08:43] {magoo} holy moly

[08:43] {magoo} ETRM crushed

[08:47] {magoo} look AIG..i thought 39...but yesterday

[08:47] {Threei} bad job numbers

[08:49] {nemo} futures looking a tad weak..huh? :)

[08:58] {Threei} ETRM .50 sellers can't believe they did it to themselves

[08:58] {ese} morning

[08:59] {Threei} ese :)

[08:59] {lasertrev} gm everyone

[08:59] {magoo} whats etrm news vad

[08:59] {ese} morning vad

[08:59] {Threei} trev :)

[09:00] {Threei} [08:01] {Alert} Threei EnteroMedics Announces Preliminary Results of its EMPOWER Study; did not meet primary and secondary efficacy endpoints

[09:00] {Threei} [08:01] {Alert} Threei - Based on an initial analysis, the study did not meet its primary and secondary efficacy endpoints.

[09:00] {Threei} [08:01] {Alert} Threei - There were no therapy-related serious adverse events reported in the study. The EMPOWER Study is a randomized, double-blind, placebo-controlled pivotal study designed to evaluate the safety and effectiveness of the Maestro System for the treatment of obesity.

[09:09] {ese} ya know........just eating properly for most people will work.....when you eat processed food the body doesn't recognize it as food and stores it somewhere.......

[09:13] {fernp} good morning everybody

[09:15] {ese} fern

[09:16] {Threei} fern :)

[09:19] {dino} gm all

[09:20] {dptl} good morning all

[09:20] {Threei} dino, dp :)

[09:20] {magoo} vad, AAPL catch an upgrade

[09:25] {dino} well i mentioned s/p 1010 target yesterday

[09:26] {dino} need 978 to hold imo

[09:26] {dino} aug low

[09:30] {dino} obama just doesn't get it. w/o jobs nobody can buy the heathcare, pay the cap and trade, and they won't be paying his higher taxes.

[09:30] {ese} could make it there today dino

[09:30] {dino} feels like it es

[09:33] {dino} stec 25 nemo

[09:33] {Threei} HIG bounce hunt on

[09:33] {nemo} my system is squirrely

[09:33] {dino} gap around 24 july

[09:33] {cosmo} oncy

[09:33] {Threei} ugh

[09:33] {Threei} missed

[09:33] {Threei} let's see if we get double bottom

[09:34] {dino} you must feed the squirres

[09:34] {nemo} I shoot them

[09:34] {dino} rimm double bottom or break

[09:35] {dino} holding better than i thought so far

[09:35] {Threei} HIG if dives under .20 I'll be interested

[09:35] {nemo} spy at morning breakout point above 102.30

[09:36] {ese} wanted to do rimm breakout........key word wanted.....gun shy here

[09:36] {Threei} AIG brutal

[09:37] {ese} aone......sheesh...no rhyme or reason

[09:38] {magoo} its the best steak sauce out there

[09:38] {dino} i agree

[09:38] {ese} boy is it.....

[09:38] {dino} the bold and spicey

[09:38] {nemo} I can't wait until aone goes flat

[09:39] {Threei} GM To change high-deductible health plans in 2010

[09:39] {Threei} change to what?

[09:39] {magoo} AIG getting interesting vad

[09:39] {Threei} one more leg down

[09:40] {Threei} lol, occured while I typed

[09:40] {dino} tyg

[09:41] {Threei} one more drop HIG please

[09:42] {fernp} CHKP nice daily

[09:42] {Threei} (US) White House Economist Romer: Jobs data shows movement in right direction

[09:42] {Threei} wow

[09:42] {Threei} okay... if she says so

[09:42] {nemo} W....T....F!!!

[09:43] {dino} down is right

[09:43] {Threei} Long Setup: HIG .20 break

[09:43] {Threei} if stays abopve .10 for scalpers

[09:43] {Threei} above .05 for day traders

[09:43] {Threei} although if it dives to .05 level I'd rather look for agresive entry

[09:45] {ese} daaaaaaaa just as i'm about to press buy....shoots to .26

[09:45] {Threei} 1:1

[09:45] {ese} missed it ....nice call vad

[09:45] {Threei} half out .35

[09:45] {fernp} missed here too

[09:45] {Threei} how do you route fern?

[09:45] {magoo} in hig btw

[09:45] {fernp} Nasdaq

[09:46] {Threei} limit at what price?

[09:46] {fernp} .21

[09:46] {Threei} BCRX Hearing eatly strength attributed to takeover chatter (8.23, +0.51, 6.61%)

[09:46] {dino} factory orders at 10:00

[09:46] {Threei} Preview: Aug Factory Orders due out at 10amET

[09:46] {Threei} **consensus expectation: 0.0%e v 1.3% prior

[09:46] {Threei} - range of expectations is between -1.7% to +2.1%

[09:46] {Threei} that was too tight fern

[09:47] {Threei} .24 here, got .22 and .23

[09:47] {magoo} out hig .48 TY nice boss

[09:47] {Threei} out in full .51

[09:47] {magoo} i caught .17...18

[09:47] {fernp} i'll try that next time

[09:47] {Threei} little tip on execution here:

06[09:47] * magoo slaps fernp around a bit with a large trout

[09:48] {Threei} in cases when resistance level to break gets styubborn,

[09:48] {gnslng} thanks that helps me too

[09:48] {Threei} like .20 in this case

[09:48] {Threei} when buyers pound it and single seller holds it

[09:48] {Threei} when it's fianlly broken, stock tends to jump

[09:48] {Threei} so, if you want in do this:

[09:49] {ese} what....does....aone ....produce....what do they make that has got the markets attention

[09:49] {Threei} give it a few cents more in terms of execution limit, drop size by couple hundreds

[09:49] {Threei} say .25 instead of .21 and 800 shares instead of 1000

[09:49] {Threei} risk will be the same, chance to participate muxch higher

[09:49] {Threei} it's electric batteries producer ese

[09:50] {ese} ahhhh tks

[09:50] {dino} losing about 100 m a year too

[09:50] {nemo} you get the best price available no matter your limit order

[09:50] {Threei} right

[09:50] {Threei} if there are some shares at .21, 22, .23 - you'll sweep them

[09:50] {fernp} that is what I do normally

[09:51] {fernp} but HIG is very liquid stock so I tried .21

[09:51] {fernp} thank you Vad

[09:51] {magoo} actually..it thin..fills slow

[09:51] {Threei} always

[09:51] {gnslng} thankyou also

[09:52] {nemo} aig bounce is weak compared to indexes

[09:53] {Threei} AONE is likely to drop to 24 and slightly below now

[09:53] {Threei} let's see if some resemblense of technicals appears on it

[09:53] {fernp} CHKP breaout Vad?

[09:53] {Threei} volatile one...

[09:53] {Threei} I'd prefer pullback on it

[09:54] {Threei} breaks on such jumpy ones often get smacked hard

[09:54] {fernp} I don't want volatile ones today :)

[09:54] {Threei} this one worked

[09:55] {dino} brnc sm l .24

[09:59] {Threei} Short Setup: AAPL half lot 103 break

[10:00] {Threei} if stays below .25

[10:01] {Threei} no worky

[10:02] {dino} -5.6% ndx s/p

[10:02] {Threei} AONE new push

[10:02] {magoo} AAPL animal

[10:05] {dino} cedc sm l .00 trig

[10:07] {Threei} Long Setup: RIMM .20 break

[10:08] {Threei} invalidated

[10:09] {ese} did i miss the factory orders?

[10:09] {Threei} AUG FACTORY ORDERS: -0.8% V 0.0%E

[10:09] {Threei} - prior revised from +1.3% to +1.4%

[10:09] {Threei} sorry

[10:09] {ese} ahhhhhh tks

[10:11] {ese} soooooo....markets taking that in stride then

[10:11] {Threei} pretty much

[10:11] {nemo} this could be a snapback from yesterday and jobs

[10:14] {nemo} cat setting up short?

[10:15] {Threei} I'd like to see some consolidation above .50

[10:16] {Threei} then break with market help

[10:16] {nemo} .60 break is the H&S

[10:16] {Threei} market says no

[10:16] {nemo} yep

[10:16] {dino} trades w/mkt

[10:18] {nemo} fcx almost positive...wonder if it tops at yesterday's close?

[10:20] {dino} depends on mkt imo

[10:22] {Threei} thought of RIMM double bottom near .80 and couldn't find an entry

[10:22] {Threei} grrr

[10:22] {dino} xlnx hl l .30

[10:24] {magoo} mkt alweays makes magoo feel stupid

[10:24] {magoo} look at AIG now

[10:24] {magoo} AAPL

[10:24] {Threei} fern... how about CHKP volatility?

[10:25] {fernp} yeah. again you're right. ty

[10:25] {Threei} get in at the moment it feels like throwing a fit, you are dead

[10:25] {dino} intc l .10

[10:26] {ese} whats up......report somewhere?

[10:26] {fernp} FAS vertical

[10:26] {Threei} no

[10:26] {Threei} jusy a snapback

[10:28] {Threei} CVM Hearing takeover chatter circulating

[10:28] {Threei} - SNY rumored as potential acquirer (1.74, -0.05, -2.79%) (related SNY )

[10:35] {dino} ok open gaps filled

[10:35] {ese} L stld .81

[10:36] {magoo} GREEN

[10:37] {magoo} we uin anything vad, i was scalpinAIG

[10:38] {Threei} no

[10:38] {magoo} ok

[10:38] {Threei} wasn't getting pullbacks and wasn't about to start playing breaouts

[10:40] {Threei} HIG

[10:40] {ese} stopped stld.75

[10:40] {Threei} 50 cets pullback

[10:40] {dino} out cedc .50, +.50

[10:40] {ese} -.06

[10:40] {ese} another breakout foiled.....my system is definately not working at this point

[10:41] {Threei} this is why I avoid breaks these days ese

[10:41] {fernp} your INTC is workin fine ese

[10:41] {Threei} we are not in relentless uptrend anymore

[10:42] {dino} es, i had a tough month too, had to adjust

[10:42] {dino} just remember rule#1

[10:42] {ese} which is?

[10:42] {magoo} your stops atre still great..so u will be fine

[10:43] {ese} definately

[10:43] {dino} you must stay in the game

[10:43] {ese} indeed

[10:43] {ese} have to get used to getting into pullbacks more

[10:43] {dino} thats why it's #!

[10:43] {dino} 1

[10:43] {Threei} HG gettinjg interesting

[10:44] {Threei} HIG

[10:44] {nemo} yeah for up or down?

[10:44] {Threei} sharp dive closer to .50 would be ideal

[10:44] {ese} tks everyone....appreciate the encouragement.......

[10:46] {nemo} hig following market

[10:47] {Threei} get ready and watch both

[10:49] {magoo} ese..u here}?

[10:50] {Threei} one more leg HIG

[10:50] {Threei} pleease

[10:50] {nemo} 60 is 200 ma

[10:50] {nemo} .60

[10:50] {magoo} yea..was watching that

[10:51] {Threei} oh well

[10:52] {Threei} I am extracareful today for some reason

[10:54] {dino} gut instinct

[10:55] {nemo} hig mirroring aig

[10:58] {nemo} fcx on short pullback?

[10:59] {Threei} off 65, sure

[10:59] {Threei} unless market drops sharply

[10:59] {ese} hey mags....yup ...just seeing the kids off to school

[11:05] {Threei} ECHO IPO opens for trade$13.30 (13.50, 0.00, 0.00%)

[11:08] {Threei} gets attention

[11:11] {nemo} hig tested yesterday's close

[11:13] {fernp} don't remember when was last time I played nothing during first two hours

[11:13] {Threei} who turn to take blame today?

[11:13] {Threei} whose

[11:13] {nemo} Raven?

[11:13] {Threei} nemo?

[11:13] {Threei} yes, magoo yesterday

[11:13] {fernp} yes that what we decided yesterday

[11:13] {Threei} so nemo today

[11:14] {fernp} right

[11:14] {nemo} gotta' blame somebody who isn't here so that can't defend themselves

[11:14] {nemo} not that I can defend myself

[11:14] {nemo} Larisa isn't here...

[11:14] {Threei} who in their right mind would risk that

[11:14] {nemo} what's right mind got to do with it?

[11:15] {Threei} AONE

[11:15] {Threei} seems to be bottoming

[11:16] {Threei} 24 break, smaller shares

[11:17] {Threei} stop under .80

[11:20] {Threei} 1.5:1

[11:21] {Threei} touched 1:2

[11:21] {Threei} anyone??

[11:23] {Threei} hmmm... I guess everyone went to sleep

[11:23] {ese} l fslr .87

[11:24] {Threei} 1:3

[11:24] {Threei} and I am not talking to any of you anymore

[11:27] {ese} hmmmm bounces around like a superball

[11:29] {Threei} wow

[11:29] {Threei} Chicago is eliminated in a first round

[11:29] {ese} sorry vad was stalking something else

[11:29] {ese} what?

[11:29] {Threei} oh, I am talking to you ese, you are local...

[11:29] {fernp} missed AONE. I wasn't her... wife called me

[11:29] {Threei} bid for Olympics

[11:29] {fernp} HIG 25 break?

[11:29] {nemo} kewl

[11:29] {ese} you talking about stock exchange playoffs

[11:29] {nemo} breakouts ese?

[11:30] {ese} for a moment there i thought the Board of Trade was wiped out

[11:31] {Threei} FSLR works

[11:32] {ese} out fslr .53 thats hmmmmmmm +.64 it hink

[11:32] {ese} think

[11:32] {Threei} wtg

[11:33] {ese} 1k.....really pairing down

[11:33] {Threei} sheesh... it's FSLR

[11:33] {Threei} no way to play big shares on this one

[11:33] {Threei} volatility is a killer

[11:33] {ese} indeed!

[11:33] {magoo} didnt even see the call on FSLR

[11:34] {ese} 15:24

[11:34] {Threei} there was no call by me

[11:35] {Threei} ese did it on his own

[11:35] {magoo} just scroled

[11:38] {Threei} but the real question is,

[11:39] {Threei} did you play AONE?

[11:39] {Threei} first rtime since it's IPOed I found technical entry on it

[11:42] {dino} chicago eliminated in olympics

[11:42] {fernp} Vad, did you play AONE? only to be sure someone played it :)

[11:44] {gnslng} is HIG a possibility or would the market hurt the chances ?

[11:45] {Threei} good morning dino :)

[11:45] {Threei} [11:29] {Threei} Chicago is eliminated in a first round

[11:45] {Threei} I did fern

[11:46] {Threei} HIG... getting tougher to read

[11:46] {Threei} we are in the time period when market tends to stall lately

[11:46] {gnslng} ok thanks

[11:46] {Threei} and sit in place for quite a while

[11:47] {Threei} so, unles we get some unusually sharp move in HIG (preferrably down) I am not too jazzed about looking for a play on it

[11:49] {Threei} even that .50 support I wanted earlier wouldn't entice me now

[11:49] {Threei} closer to 24, I would be inyerested

[11:50] {Threei} AIG on the other hand...

[11:50] {ese} l fslr .50

[11:50] {Threei} a bit stronger than market

[11:51] {Threei} pullback closer to 41, I am interested

[11:51] {ese} out fslr .76 +.26

[11:51] {Threei} also RIMM

[11:51] {Threei} if market spikes, break of 66, but for a scalp only

[11:52] {Threei} stop under .90 if sets up

[11:53] {Threei} (US) Connecticut AG has reportedly initiate inquiry into healthcare reform information provided by certain health insurers (related AET UNH )

[11:53] {Threei} huh?

[11:54] {Threei} how did it become a matter of invesrtigation by AG?

[11:56] {Threei} no worky RIMM

[11:56] {Threei} AIG is aalmost there

[11:56] {Threei} Long Setup: AIG 41 break

[11:57] {Threei} 1:1

[11:58] {Threei} no repeat for the setup

[11:59] {Threei} let it drop more

[11:59] {magoo} i sh 41

[11:59] {magoo} cover .70 are

[11:59] {Threei} market is very unstable here

[12:00] {Threei} RIMM is incredibly weak

[12:01] {Threei} there are reports circulating that corporations switch from Blackberries to iPhone

[12:01] {nemo} iphones much easier to program for corporate applications

[12:01] {Threei} if this indeed is the case it could be a start of a very long decline for RIMM

[12:01] {nemo} I know two companies that have switched

[12:02] {nemo} local that is

[12:02] {Threei} I really need to join 21st century... I am a Luddite who thinks phone is for making phone calls...

[12:03] {dptl} lol... me too Vad

[12:03] {Threei} and my phone looks like, duh, phone

[12:03] {Threei} I catch a lot of sympathetic glances when people see it

[12:03] {dino} same here 3i

[12:04] {dino} trying to resist

[12:04] {Threei} "poor bastard, he uses one of those ancient things that can do nothing but call"

[12:04] {ese} l fslr .57

[12:06] {Threei} anyone feels like shorting RIMM?

[12:07] {Threei} Long Setup: AIG .20 break

[12:07] {dino} whr sm l .00

[12:11] {ese} not i vad unless i do it with 100 shs

[12:13] {Threei} maybe double top at 66

[12:18] {magoo} out .47 TY vad

[12:18] {magoo} lil scary there

[12:19] {Threei} you spoiled it for me mags :(

[12:20] {Threei} I just wanted to announce that I remove myself to remote monastery in Tibet, since no one takes my plays

[12:21] {magoo} hell..i had 4k on your call

[12:21] {magoo} thats skerry

[12:22] {magoo} i missed AONe..thats it i think

[12:22] {Threei} 1:2 AIG

[12:22] {Threei} take this Michael Moore

[12:28] {ese} out fslr .87 +.30

[12:28] {Threei} "Capitalism is an evil, and you cannot regulate evil."

[12:28] {Threei} that's the conclusion Moore makes in his new movie

[12:28] {Threei} go try socialism, imbecil

[12:31] {Threei} US) White House's Summers: Agrees with comments from yesterday that the USD could come under pressure if the US does not get deficits under control

[12:31] {Threei} White House Advisor Summers: Economic growth expected in Q3; could see net job growth several months after that - TV interview

[12:31] {Threei} - believes the worst of this current cycle has passed.

[12:31] {Threei} - notes less than half of the stimulus package has been spent.

[12:32] {Threei} WSJ: White House negotiating with Congress to extend unemployment, insurance benefits

[12:40] {magoo} for thought here....everyone but everyone wants/needs a correction...BUT was that enough to get the bulls in who have missed the run and have been waiting for a dip, to yes, BUY

[12:41] {patience} i bought agrium this morning magoo....does that count?

[12:41] {Threei} yeah, it sounds like whole world is confident that not only we are due to correction but that it should retest March lows

[12:41] {Threei} IMO, not going to happen

[12:43] {magoo} right, so many missed and wouldnt chase in...now there cunundrunm...is this my long awaited DIP?

[12:47] {Threei} big pullback AIG

[12:47] {Threei} let's try and catch rebound

[12:48] {Threei} one more leg down

[12:49] {Threei} somewhere around .30 - .40 should be reasdy for bounce

[12:50] {Threei} Rio for Olympics

[12:51] {magoo} pretty woman down there..although after dating larisa, i truly dig the russian women

[12:52] {Threei} yeah, claim that while she is not here :)

[12:52] {magoo} :)

[12:52] {magoo} it is a compliment

[12:53] {Threei} come on down AIG

[12:54] {magoo} mkt shaky here boss

[12:54] {Threei} it is... but heck, we are 3 out of 4 today

[12:55] {magoo} it might be a great short later

[12:55] {magoo} aapl too

[12:55] {Threei} someone commented yesterday on Rio vs Chicago:

[12:56] {Threei} Rio: naked peeple dancing, Chicago - chubby people eating

[12:57] {Threei} mags... if you really want to look for short candidate, RIMM would be my choice

[12:58] {magoo} yea..watching it too

[12:58] {Threei} The Nasdaq Stock Market, Inc OMX CEO: expects some movement on Dark Pools from regulators

[12:58] {Threei} - High frequency traders are valued part of U.S. markets

[12:58] {Threei} - Focused on clearing interest rate swaps before other asset classes

[12:58] {Threei} AIG almost there

[12:58] {Threei} get ready

[12:58] {magoo} u going for 20 cents?

[12:58] {Threei} don't know yet

[12:59] {magoo} dont want hgit .50

[13:00] {magoo} big futes bounce

[13:00] {magoo} sigh

[13:01] {ese} have a great weekend all....am outta here

[13:01] {fernp} bye ese

[13:01] {Threei} take care ese, enjoy weekend, great weathwer again

[13:01] {ese} fern vad

[13:01] {magoo} buy ese

[13:01] {nemo} buy?

[13:03] {magoo} [12:59] {magoo} dont want hgit .50

[13:03] {magoo} [13:00] {mag

[13:04] {dino} cya es

[13:04] {magoo} dino on dial up

[13:04] {Threei} lol

[13:05] {magoo} u got that lol

[13:08] {Threei} I have to admit, I am really too careful today

[13:08] {nemo} what now?

[13:09] {Threei} just 4 calls, and quite a few missed ones where I wanted deeper pullback than was in cards

[13:12] {fernp} LVS breaking hod

[13:16] {dino} out whr .54, +.54

[13:17] {nemo} nice

[13:17] {fernp} gj dino

[13:17] {dino} ty

[13:20] {dino} out aipc from wed, +.28

[13:20] {dino} thing doesn't move

[13:20] {nemo} well, it probably will now

[13:21] {dino} lol

[13:21] {Threei} Long Setup: LVS .50

[13:21] {nemo} what was that one earlier this week..amn?

[13:21] {Threei} if stays above .40 of course

[13:21] {dino} smsc drop

[13:21] {dino} yes, and clw

[13:22] {fernp} in

[13:22] {Threei} Economist Roubini: risk of double-dip recession

[13:22] {Threei} who let this one out

[13:24] {dino} v pretty good drop

[13:25] {Threei} Signs of recession "close to over"

[13:25] {Threei} - Some optimism in financial markets is "excessive"

[13:25] {Threei} of course it is if tou missed the bottom

[13:26] {Threei} - Home prices may fall an additional 10-12% from now

[13:31] {Threei} AIG merry

[13:33] {nemo} fcx vad?

[13:33] {Threei} no read

[13:33] {Threei} unless market just explodes

[13:34] {nemo} volume lower on this assault

[13:35] {Threei} LVS 2 cents shy of 1:1??

[13:35] {Threei} come on

[13:37] {nemo} does that make .40 breakdown a short?

[13:38] {Threei} I wouldn't

[13:38] {Threei} there are much bettte candidates for short

[13:39] {Threei} sigh

[13:39] {fernp} almost 1:1. this is not fair

[13:39] {Threei} no

[13:39] {nemo} you want fair...

[13:39] {Threei} I start having this horrible suspicion

[13:40] {nemo} conspiracy?

[13:40] {Threei} really terrifying

[13:40] {Threei} I suspect life is not fair

[13:40] {nemo} they know you're trades vad

[13:40] {Threei} of course they do... little green men

[13:40] {Threei} they are everywhere

[13:41] {nemo} no...guys in the black suits with the narrow ties and sunglasses

[13:41] {Threei} with trunk in place of nose, and huge drooping ears

[13:41] {nemo} you talking about the somati

[13:55] {Threei} Short Setup: RIMM .90 break

[13:55] {Threei} if stays below 66

[13:56] {Threei} what the

[13:57] {nemo} look at the five minute chart

[14:05] {Threei} got any more wisdom form 5 nimute chart?

[14:06] {nemo} other than it conflicted with the short...no

[14:06] {Threei} no it did not

[14:06] {nemo} blind squirrel finds a nut once in a while

[14:06] {Threei} just as it did not indicate that spike or drop after it

[14:07] {dino} out xlnx +.02

[14:10] {nemo} or is it....blind nut (nemo) finds a squirrel

[14:10] {Threei} oh come on

[14:10] {dptl} ok.....have a good weekend all...see ya monday

[14:10] {Threei} take care dp, I'mm make a cutlet out of nemo without your help, than you

[14:11] {nemo} what...I'm being self-deprecating...speaking of which...I need to self-medicate...might have H1N1.

[14:11] {Threei} take a look at 13:43 to 13:55

[14:11] {Threei} and have a look at volume configuration

[14:11] {Threei} is it anything but bear flag?

[14:12] {Threei} not even reaching previous resistance?

[14:12] {Threei} turn down and loss of nearest support is a normal short trigger

[14:12] {Threei} for this configuration.

[14:13] {Threei} Out of nowhere comes market spike and takes RIMM with it for your garden variety shakeout

[14:13] {Threei} which is just that

[14:13] {Threei} start taking it as a pattern, and you will be taking wrong side of trades

[14:20] {dino} cya dp

[14:20] {Threei} lol... dialup

[14:20] {dino} :)

[14:20] {dino} sm l smsc .099

[14:20] {dino} .99

[14:30] {Threei} AIG aims for 43

[14:34] {magoo} any read on it vad?

[14:35] {Threei} not really

[14:35] {Threei} fragile

[14:35] {Threei} any read is 51:49 at best

[14:39] {Threei} the only thing I see more or less easy is brisk scalping on these quick teleportations up and down

[14:39] {Threei} but it can't be called

[14:39] {magoo} i know..i hit .32 to .94 but cant call it

[14:39] {magoo} good excit

[14:39] {dino} hmmm clw amn moving

[14:42] {dino} exit or excite

[14:42] {Threei} it's magoo, ya know...

[14:42] {Threei} he exits - everyone's excited

[14:43] {dino} indeeeeeeeeddddddd

[14:43] {Threei} I can joke at his expense safely while he is too busy scalping AIG

[14:51] {Threei} 43

[14:55] {Threei} worhy pullback AIG

[14:56] {Threei} in .81

[14:56] {Threei} stop under .70

[14:58] {Threei} half out 1:1

[14:58] {Threei} scalpers take profit

[15:00] {Threei} out in full

[15:00] {Threei} 43.10

06[15:00] * Threei slaps magoo around a bit with a large roll of cash

[15:01] {Threei} ok, don't tell me no one took this

[15:01] {Threei} easiest trade today yet

[15:02] {Threei} monastery, here I come

[15:02] {dino} smsc stopped -.32

[15:02] {Threei} good bye cruel world

[15:02] {jmb} Thanks Vad -- AIG

[15:02] {Threei} awww jmb

[15:02] {Threei} just when I started packing

[15:03] {Threei} and sent teletype to a monastery requestiong details on male-female ratio

[15:08] {fernp} have to go. good evening everybody and have a nice weekend all

[15:08] {magoo} buy fern

[15:09] {fernp} and sell

[15:09] {magoo} sell nemo

[15:09] {nemo} hehehehe

[15:09] {dino} u2 fern

[15:09] {Threei} take care fern

[15:27] {nemo} aig again vad

[15:28] {Threei} yeah, hesistaed with short clal at 43

[15:28] {nemo} bounce maybe

[15:28] {Threei} I am uncharacteristically timid today, lol

[15:28] {nemo} end of day/week

[15:28] {magoo} but nicely humble

[15:28] {nemo} whoa...leave the apple on the desk

[15:28] {Threei} me? but of course... I am the humbliest person on Earth

[15:29] {magoo} a rimm short maybe?lost twice on it

[15:30] {Threei} guess who is on TV

[15:30] {nemo} McKenzie Phillips?

[15:30] {Threei} you wish

[15:30] {nemo} not really...

[15:31] {dino} oh man

[15:31] {nemo} oh what?

[15:32] {dino} mckenzie

[15:33] {nemo} oh...

[15:33] {nemo} piece a work that girl

[15:34] {magoo} from 1 day at a time?

[15:34] {nemo} yep

[15:34] {magoo} UGHHHHH

[15:34] {nemo} yep

[15:34] {magoo} shes your fantasy..not ours

[15:35] {nemo} nightmare maybe

[15:42] {dino} talk of second stimulus. increase the unemployment from 79 weeks current. seems obama wants to reassure his voters that they will not have to worry about jobs under his administration. slogan: vote for obama, you don't have to go to work

[15:42] {nemo} Chinese will be psyched to pay for that

[15:43] {dino} i suppose if you collect for his 4 years, you'd want to re-elect him

[15:44] {nemo} yeah...why would anybody who doesn't pay taxes want to vote for someone who might make them pay.

[15:44] {dino} bingo

[15:44] {nemo} not as dumb as I look....then again nobody could be THAT dumb.

[15:45] {dino} and why as a small businessowner do you want to hire new people when now heath care mandatory, taxes increasing, etc

[15:45] {Threei} careful nemo

[15:45] {Threei} you may outhumble me

[15:45] {nemo} stuck my chin out, did I?

[15:45] {Threei} and you know how sensitive I am about competition

[15:45] {dino} need reagan and the supply siders

[15:46] {Threei} ever since all these talking heads took away my Captain Obvious title

[15:46] {nemo} this could turn vicious

[15:46] {Threei} this is Atlas Shrugged dino

[15:46] {Threei} page by page

[15:46] {dino} i need to read that

[15:46] {nemo} unfortunately Dino, the supply siders weren't very good at cutting spending either...yes Vad

[15:47] {Threei} ugh... if you can find some kind of shorted version :)

[15:47] {nemo} been back on the bestseller list for a couple of years

[15:47] {dino} spending not the issue really nemo. the issue is taxes and jobs. lower taxes create incentives to take risks and create jobs

[15:47] {Threei} way too long, and almost void of pure literature advantages

[15:48] {Threei} kind of phlosophy manifesto for Ayn Rand

[15:48] {nemo} Greenspan's hero

[15:48] {nemo} Objectivism

[15:48] {Threei} yup

[15:48] {nemo} thinking one is objective is a bit problematic though

[15:49] {dino} higher taxes kill incentives, more regulation kills incentives....which kills investments, risk taking, and job creation

[15:49] {nemo} see the front of Drudge...pretty funny

[15:49] {KSystems} my feed died...could anyone give me a quote for the YM please?

[15:49] {Threei} sorry, I don't have that KS

[15:49] {Threei} any proxy would do?

[15:49] {nemo} me neither

[15:49] {Threei} SP?

[15:49] {dino} whats ym?

[15:49] {Threei} NQ?

[15:50] {KSystems} dino: Dow mini

[15:50] {KSystems} umm

[15:50] {KSystems} ZB

[15:50] {KSystems} or US

[15:50] {Threei} sigh

[15:50] {Threei} SP 1,022.20

[15:50] {Threei} NQ 1,664

[15:50] {dino} 9498.70 dji

[15:50] {Threei} DJI 9,498

[15:51] {KSystems} thanks a lot :)

[15:51] {Threei} COMP 2,051.25

[15:51] {dino} verizon issue chicago/feeds

[15:51] {nemo} who pulled the plug

[15:52] {dino} well they lost olympics so riots

[15:52] {dino} kidding

[15:52] {Threei} lol

[15:54] {Threei} come Monday, I am going to have a bottle of single malt at my desk... in case i again feel as nimble as today

[15:54] {dino} close neg. = 9 of last 12

[15:55] {dino} come tonight at 7:00 i may have one

[15:56] {dino} cut intc -.13

[15:57] {Threei} okay guys

[15:57] {dino} cut brnc -.04

[15:57] {Threei} thank you all

[15:57] {Threei} have a great relaxing weekend

[15:57] {Threei} see you all on Monday

[15:58] {dino} u2 vad

[16:00] {nemo} cya