Oct 07 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Strong day with 9 calls and 8 wins. Variety was good also, with longs and shorts, scalps and bigger trades, and even two IPOs (BSBR and VRSK). The rest was more of garden variety: WFC, BAC, GLD...

Session Time: Wed Oct 07 00:00:00 2009

[08:15] {ese} good morning........i think

[08:15] {Threei} Good morning

[08:15] {nemo} I'll agree with the "morning" part

[08:15] {Threei} I only question "I think" part

[08:16] {ese} vad ...nemo....

[08:16] {nemo} I thought you don't think?

[08:16] {nemo} dude

[08:16] {Threei} I think I don't

[08:16] {nemo} Permutations to ponder

[08:16] {ese} well ...don't you think that....?

[08:16] {Threei} BLTXX Baltic Dry Bulk Index rises more than 4% (6th straight gain)

[08:17] {nemo} what's drys doing?

[08:17] {ese} yup am likin it......

[08:17] {Threei} ese, little story from this weekend, showcasing what a wierd place we live in

[08:17] {ese} was up .06 at one point to day and about .40 yesterday

[08:18] {Threei} on Sunday we had guests to drive all over Victoria,

[08:18] {ese} missed it

[08:18] {ese} yes

[08:18] {Threei} at one point we are coming to Cattle point

[08:18] {Threei} for non-locals: very picturesque shore, rocks, ocean, sails, beautiful mountains on the horizon

[08:19] {Threei} we come out of the car,

[08:19] {Threei} eyes of one of our guests widen and she says

[08:19] {Threei} is it llama over there??

[08:19] {ese} huh

[08:19] {Threei} I look where she looks,

[08:19] {Threei} what do you know

[08:20] {Threei} llama, led on a leash by a woman

[08:20] {Threei} we stopped, talked to her, pet the animal,

[08:20] {Threei} I took pictures

[08:20] {ese} lol ....too funny

[08:20] {cosmo} cattle country ...

[08:20] {Threei} llama poses as if she does it every day

[08:20] {ese} ....probably does

[08:20] {Threei} our guests said

[08:20] {Threei} where else do you go for a casual walk and meet llama to pet... I want to live here!

[08:21] {ese} that would have been very funny

[08:21] {strider} .

[08:21] {nemo} !

[08:22] {strider} Morning folken

[08:22] {ese} i'm surprised i didn't see you....we were out walkin around there as well

[08:22] {nemo} yep...morning

[08:22] {ese} thats my sons and daughters paper route....those house up there by cattle point

[08:22] {ese} houses plural

[08:23] {ese} strider.....

[08:23] {ese} ....and ya didn't stop in for coffee........well I never!!!!!!!!

[08:25] {ese} could have had patience over!!!!!

[08:26] {Threei} strider :)

[08:27] {Threei} well, we spent like 20 minutes there

[08:27] {patience} good morning guys.....ese....put the coffee pot on

[08:27] {ese} ya comin over this morninbg?

[08:28] {Threei} too many places to show the guys who have 1 day

[08:28] {patience} i'm running by in a couple of hours

[08:28] {Threei} and gotta squeeze Butchart Gardens and meal in, too

[08:28] {ese} done!

[08:28] {patience} cashed out all my trades yesterday, was 100% in the market, but booked my profits :)

[08:29] {ese} nice

[08:31] {Threei} AVNR Receipt of Notice of Allowance of New U.S. Patent on Zenvia (2.13, 0.00, 0.00%)

[08:44] {magoo} morning

[08:44] {ese} mgas

[08:44] {cosmo} LINE had public offering news ....trying to heal maybe

[08:44] {Threei} magoo :)

[08:44] {ese} mags....sppps

[08:45] {ese} opps

[08:45] {ese} my goodness....vads typing problems have aflicted me

[08:45] {Threei} this had to happen

[08:46] {Threei} but ese... don't view it as a problem

[08:46] {ese} ok

[08:46] {Threei} I don't... and it just stops bothering me

[08:46] {ese} converstion peice?

[08:46] {ese} see piece

[08:46] {Threei} it bothers other people, which delivers me great satisfaction

[08:46] {ese} now thats funny.......

[08:47] {ese} your a calculation .....little ....you know what

[08:47] {cosmo} LINE 22 testing

[08:47] {ese} caculating

[08:48] {Threei} nah... I just look at many things through the prism of http://realitytrader.com/vad/giveadamnprogress2mz.gif

[08:50] {Threei} CHTP Removed from Best Ideas List at Wedbush

[08:50] {Threei} lol... questionable timing

[08:53] {cosmo} RPRX

[08:54] {cosmo} hmmm

[08:54] {Threei} October 06, 2009 9:00:15 PM

[08:54] {Threei} Repros Therapeutics Reports Androxal restores normal sperm counts while increasing testosterone levels in hypogonadal men

[08:59] {lasertrev} morning

[08:59] {Threei} trev :)

[09:03] {Threei} CHIP Receives Exclusive License to RECEPTORS' Patents to Use in Conjunction with its Patent No. 7,125,382 for an "Embedded Bio-Sensor System" to Develop In Vivo Glucose-Sensing RFID Microchip

[09:04] {fernp} good morning everybody

[09:04] {Threei} fern :)

[09:06] {Threei} wow CHIP

[09:07] {magoo} howd we miss that??

[09:08] {ese} COST beats Reports Q4 $0.85 v $0.77e, R $22.38B v $22.33Be

[09:08] {Threei} who missed?

[09:08] {Threei} I posted it at 9:03

[09:08] {Threei} 60 cents ago

[09:11] {magoo} jesus christ.......went to se if shortable and hit buy

[09:11] {magoo} now got 2k long

[09:11] {magoo} FFFFFF

[09:13] {ese} looks like i missed

[09:13] {magoo} not good start to day

[09:14] {ese} mags i did that monday morning.......

[09:14] {magoo} BASC getting alot of attention today

[09:14] {magoo} on the street, cnbc

[09:15] {Threei} BAC?

[09:15] {magoo} yea

[09:16] {Threei} Bank of America Corp Shares raised to Outperform from Market Perform at Wells Fargo with a $14-16 PT valuation objective

[09:16] {Threei} - BAC now trades at the deepest discount to a normalized EPS of firms coverage universe, projecting a 134% gain for BAC's shares based on current prices.

[09:16] {dino} gm all

[09:16] {Threei} - Firm has raised their price target on BAC to $24-$27 from $14-$16.

[09:16] {Threei} dino :)

[09:17] {Threei} for all this hoopla BAC is up whole 10 cents?

[09:18] {ese} ya was just looking at that thinkin.........doesn't seem like any big whuup to investors

[09:20] {ese} if it does go up....should be a rising tide deal for most other bank stocks

[09:22] {cosmo} LINE pre mkt high = 22.04 fwiw

[09:22] {larisa} gm :)

[09:22] {cosmo} lars:)

[09:23] {larisa} cosmo :)

[09:23] {Threei} larisa :)

[09:23] {larisa} :)

[09:24] {ese} gotta like that......lots of hoopla when laris gets onto the board.....cool

[09:25] {larisa} no fireworks though :)

[09:25] {cosmo} its early

[09:25] {ese} hmmmmmm good point

[09:25] {Threei} (FR) France PM Fillon: World capitalist system cannot achieve stability without orders between currencies

[09:25] {Threei} - G-20 will have to discuss currency ruling

[09:25] {Threei} - Crisis has wordsened tensions on currencies

[09:26] {Threei} no fireworks?

[09:26] {Threei} http://www.realitytrader.com/photography/2009/07/fireworks.html

[09:27] {ese} this man has the answer to everything........

[09:28] {Threei} not really... I am still puzzled by eternal "which shoes go better with this dress??"

[09:29] {nemo} rprx Vad

[09:29] {Threei} [08:54] {Alert} Threei October 06, 2009 9:00:15 PM

[09:29] {Threei} [08:54] {Alert} Threei Repros Therapeutics Reports Androxal restores normal sperm counts while increasing testosterone levels in hypogonadal men

[09:30] {dptl} good morning all

[09:30] {nemo} there's got to be a joke in there

[09:30] {Threei} dp :)

[09:30] {magoo} we here

[09:30] {nemo} no

[09:31] {dino} .

[09:31] {nemo} !

[09:32] {Threei} Long Setup: BAC 17.10 break

[09:33] {Threei} if stays above 17.05 for hardcore scalpers

[09:33] {Threei} 17 for traders

[09:33] {ese} l cost .42

[09:33] {Threei} 1:1 for pesky scalpers

[09:33] {ese} out .60

[09:33] {ese} whoa fast

[09:33] {ese} wow

[09:33] {ese} +.18

[09:34] {dino} gj

[09:34] {ese} tks

[09:35] {Threei} 1:1 for day traders

[09:35] {fernp} ty Vad

[09:35] {Threei} welcome

[09:38] {Threei} watching WFC for sharp dive, hopefully to get long for double bottom

[09:38] {Threei} between .40 and .50

[09:39] {nemo} aig vertical

[09:41] {Threei} get ready WFC

[09:42] {Threei} in

[09:42] {cosmo} LINE wants to fill it's gap

[09:42] {cosmo} it seems...

[09:42] {Threei} .35 stop

[09:43] {Threei} BAC, same setup once again

[09:44] {ese} yup

[09:45] {ese} when i posted yup i missed .11 entry

[09:46] {larisa} lol

[09:46] {Threei} let's tighten WFC to under .40

[09:47] {Threei} out

[09:47] {Threei} VCLK Hearing renewed takeover chatter circulating

[09:47] {Threei} - GOOG rumored as potential acquirer (13.37, +0.17, 1.29%) (related GOOG MSFT )

[09:49] {Threei} Long Setup: GLD 102 break

[09:49] {Threei} if stays above 101.90

[09:51] {Threei} BAC, same outcome too

[09:51] {Threei} 1:1 for scalpers

[09:51] {Threei} 1:1 for day traders

[09:51] {dino} quote on amn please

[09:51] {ese} l bac .17

[09:52] {Threei} 73.10 x .33

[09:52] {fernp} 72.93

[09:52] {dino} ty

[09:52] {Threei} ese... what's with chasing...

[09:52] {Threei} .11 trigger

[09:52] {ese} out bac .24

[09:52] {Threei} GLD 1:1

[09:53] {ese} waited for break of .15 on 1min chart

[09:53] {fernp} ty again

[09:53] {ese} wanted .16 but got .17

[09:53] {Threei} not sure I understand why .15... clean resistance to break at .10

[09:54] {gnslng} ty Vad

[09:54] {larisa} people can have their own strategies and triggers sometimes :)

[09:54] {Threei} they can?

[09:54] {Threei} hmmm

[09:54] {larisa} sometimes

[09:54] {Threei} that's novelty concept :)

[09:54] {ese} was a double bottom on 1min chart vad bounce of .07 and .08

[09:54] {Threei} I see that ese, sure,

[09:54] {Threei} what I mean is:

[09:55] {Threei} you get clean double bottom setting up,

[09:55] {Threei} market helps,

[09:55] {Threei} BAC lags just a tad,

[09:55] {Threei} perfect situation for aggressive entry

[09:55] {Threei} instead of waiting for confirmation of double bottom

[09:55] {ese} yes i getcha

[09:55] {Threei} it;s not a big mover these says,

[09:55] {Threei} every cent is precious

[09:55] {Threei} 1:2 BAC

[09:56] {ese} definitely

[09:56] {Threei} says = days of course

[09:56] {cosmo} rprx can't stay up...it seems

[09:56] {cosmo} needs to hold 2

[09:56] {nemo} good one

[09:56] {Threei} it needs VVUS...

[09:57] {ese} as i look at that.....entry at .12 would have been better.... on that 1min chart after the double bottom

[09:57] {nemo} then it'll need a law firm

[09:57] {Threei} to put it right, ese: .15 break is not a mistake per se, it's a valid strategy,

[09:58] {Threei} it's just a choice between two strategies here,

[09:58] {Threei} and IMO{ aggressive entry was better choice in this particular situation

[09:59] {Threei} WFC - that was rude

[09:59] {Threei} and stupid of me to tighten the stop

[09:59] {nemo} you were saying that about stops yesterday

[10:00] {ese} tks vad

[10:00] {Threei} saying what?

[10:00] {nemo} your stops have been too tight

[10:02] {Threei} Long Setup: BSBR .10 break

[10:02] {Threei} if stays above 13

[10:06] {nemo} what stock is this?

[10:06] {Threei} IPO

[10:06] {Threei} brasil bank

[10:06] {nemo} ohhhh

[10:07] {Threei} Airbus won 149 gross aircraft orders orders

[10:07] {strider} BSBR STOP 12.99?

[10:07] {Threei} they can't make clean aircrafts?

[10:07] {Threei} yes, right under 13

[10:08] {Threei} RIMM hearing Chinese research firm saying bbery pending up demand can't be met (67.14, +0.71, 1.07%)

[10:09] {ese} man!!!!!!!!!!.......boeing planes haven't been crashing.....airbus planes have

[10:09] {Threei} (US) Frank: House OTC Derivatives Bill needs to undergo "significant changes"

[10:09] {Threei} yeah - they need to learn what derivatives are for the starters

[10:09] {Threei} BSBR 1:1

[10:10] {Threei} half out

[10:10] {nemo} what route you use?

[10:10] {Threei} scalpers are out in full of course

[10:10] {ese} l bullshi6 BR .18

[10:10] {ese} sorry thats bsbr

[10:11] {Threei} sorry ese... you did what to BSBR??

[10:11] {Threei} NASDAQ nemo

[10:11] {nemo} ty

[10:11] {Threei} GM US 3Q market share in US better than expected

[10:11] {Threei} they expected zero?

[10:12] {Threei} RIMM, nice strength

[10:12] {dino} ayi

[10:13] {Threei} nemo... problem executing on BSBR??

[10:13] {Threei} was available for so long

[10:13] {nemo} got out a bit behind you

[10:13] {Threei} oh, OK

[10:14] {Threei} so far so good... WFC is the only one that fooled us

[10:14] {Threei} the rest behaved well

[10:14] {nemo} no...

[10:14] {nemo} fooled you...

[10:14] {nemo} they all fool me

[10:14] {Threei} okay, if you insist

[10:14] {dino} sm s ayi .00

[10:15] {Threei} but know, I intend to hold the grudge

[10:15] {nemo} did you read the next line?

[10:15] {Threei} yes but I deliberartely ignored it

[10:15] {nemo} unfair

[10:15] {Threei} so I can hold the grudge

[10:15] {nemo} works for me

[10:17] {ese} bsbr should have been one for dino....opened at 20.00 now trading at 13.23

[10:17] {ese} this is rather nerve racking

[10:17] {Threei} let's do 1:2 BSRB

[10:18] {Threei} offering 1/4 more

[10:18] {Threei} hit

[10:18] {dino} otc es

[10:18] {Threei} iffering last piece .40

[10:18] {Threei} offering too

[10:19] {ese} out bsbr .29 +.11

[10:20] {Threei} mystery to me ese... why you chose to enter so much later after my triggers :)

[10:21] {ese} thats good enough for me.........i was actuallly watching something else vad......but my 1min chart shows flat line on this one could see no movement so i waited just a little

[10:22] {Threei} just adding a lot of risk...

[10:22] {ese} sounds odd but .....

[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:22] {Threei} **consensus expectations:

[10:22] {Threei} Crude: +2Me

[10:22] {Threei} Gasoline: +1.2Me

[10:22] {Threei} Distillate: 0.0Me

[10:23] {ese} i saw your call but couln't make sense of it with my charts........i need to look at the way i have them set up

[10:23] {Threei} let me take a quick screenshot of mine

[10:23] {Threei} so you can compare

[10:25] {ese} tks

[10:26] {fernp} I also passed BSRB because I didn't see any pattern in it.

[10:26] {fernp} certainly I was wrong

[10:26] {Threei} http://realitytrader.com/vad/1%20min%20BSBR.png

[10:26] {magoo} we are having MAJOR MAJOR tech issues

[10:26] {nemo} that's bright

[10:26] {magoo} any got quote BSBR?

[10:26] {Threei} 13.30 mags

[10:27] {ese} man ...i definitely didn't see anything like that....

[10:27] {Threei} .28

[10:27] {ese} how did you do that so that i can show you mine

[10:27] {Threei} .26

[10:27] {Threei} just make a screenshot and e-mail it to me

[10:28] {ese} don't know how to do that

[10:28] {magoo} is trade over ior u still in..i wouldnt know

[10:28] {ese} with a mac

[10:28] {nemo} you got XP or vista ese

[10:28] {magoo} been down

[10:28] {ese} i'm on a mac

[10:28] {Threei} mags... if you have troubles, just sdell it

[10:29] {Threei} you have profit, why mess with it?

[10:29] {Threei} no idea on MAC ese, sorry

[10:29] {ese} tks

[10:29] {nemo} hey ese: http://email.about.com/od/netiquettetips/qt/screenshot_mac.htm

[10:30] {nemo} http://email.about.com/od/netiquettetips/qt/screenshot_mac.htm

[10:30] {Threei} DOE CRUDE: -975K V +2ME

[10:30] {Threei} *DOE CRUDE: -975K V +2ME; GASOLINE: +2.9M V +1.2ME; DISTILLATE: +680K V 0.0E; CAPACITY UTILIZATION: % V 84.3%E

[10:30] {Threei} - Distillate demand K bpd to M bpd

[10:30] {Threei} - Gasoline demand K bpd to M bpd (related USO OIH )

[10:31] {nemo} wow...what builds

[10:33] {dino} ayi quote please

[10:33] {ese} tks nemo....my problem is this...have too sides to my mac...mac side and windows side. only thing is on the windows side the mac buttons don't work the same and i can't firgure them out.

[10:34] {Threei} 35.67

[10:34] {dino} ty

[10:34] {magoo} bsbr quote please

[10:34] {Threei} 13.18

[10:35] {dino} has it hit 35.51 yet?

[10:35] {Threei} no

[10:35] {nemo} what emulation program you using ese?

[10:36] {Threei} is this where you are witing to cover dino? or to enter long?

[10:37] {magoo} quotes

[10:37] {Threei} .18 x .20

[10:37] {ese} huh.....no idea what that is

[10:37] {ese} are talking about parallels?

[10:38] {dino} yes cover, order in but quotes not working

[10:39] {Threei} got stop in too?

[10:40] {Threei} BSBR upticking mags, .24

[10:40] {Threei} but for the world of me I can't understand why don't you sell it

[10:40] {nemo} it's mags, vad

[10:40] {Threei} I'd hate to stay in with no control over position

[10:41] {dino} data/order feeds out 3i

[10:42] {dino} am i here?

[10:42] {Threei} yes

[10:42] {nemo} !

[10:42] {Threei} at least you have orders in dino, you are protected

[10:42] {dino} router issues

[10:42] {strider} HELE?

[10:43] {nemo} How's the grudge Vad?

[10:43] {Threei} still there, will come out when dino and magoo are out

[10:43] {dino} yes

[10:43] {Threei} leave it alone strider, IMO

[10:43] {Threei} dino, you are almost there

[10:43] {Threei} .54

[10:44] {nemo} brcm Vad?

[10:44] {strider} yeah, erratic.

[10:44] {Threei} BRCM, the only way I'd play it is short if market drops

[10:45] {Threei} don't like it long

[10:45] {Threei} .80 short trigger

[10:45] {strider} COST similar to BRCM?

[10:46] {Threei} not sure about COST

[10:46] {Threei} or let me put it this way: even less sure :)

[10:46] {dino} let me know

[10:46] {Threei} yes dino... watching

[10:47] {Threei} where is your stop?

[10:48] {Threei} never mind stop

[10:48] {Threei} .51 executed

[10:49] {Threei} Dino, I Make Money In My Sleep

[10:49] {Threei} Look ma, no quotes

[10:50] {nemo} get the darts out

[10:51] {nemo} fcx near trend support

[10:51] {nemo} of course it bounced as I typed

[10:52] {magoo} i here

[10:52] {magoo} ?

[10:52] {nemo} !

[10:52] {Threei} yes

[10:56] {ese} vrsk

[10:56] {ese} ipo

[10:57] {Threei} sounds like a bg name in finance/insurance

[10:57] {Threei} a ,ot of heavyweight underwriters

[10:58] {ese} indeed

[11:01] {Threei} (US) House Speaker Pelosi: will be a public option in House Billthere

[11:01] {Threei} (US) House Speaker Pelosi: will be a public option in House Bill

[11:01] {Threei} - House Bill must be Deficit-Neutral

[11:01] {Threei} - Caucus "very near" to decisions to go to CBO

[11:01] {ese} l vrsk .30

[11:01] {nemo} they started talking about VAT tax again...that's how it will be deficit neutral

[11:02] {Threei} Prez promised it won't add taxes

[11:02] {nemo} your point?

[11:02] {ese} out vrsk .45 +.15

[11:02] {Threei} so they are kind of between Scilla and Haribda

[11:02] {Threei} or however you spell those

[11:02] {nemo} Charibda

[11:03] {nemo} Actually, have no idea in Greek

[11:03] {nemo} Wouldn't mind getting me one of those sirens though

[11:03] {nemo} RPRX Vad

[11:08] {ese} gotta say though with ipo's like vrsk......the momentum is quite predictable watching the time and sales.......it fits right in with what you say vad in terms of the velocity of it going by by

[11:09] {Threei} totally

[11:09] {Threei} very precise observation

[11:09] {nemo} C&H 5minute AIG

[11:09] {Threei} look at this drop

[11:09] {Threei} bounce soon

[11:10] {ese} aig or vrsk

[11:10] {Threei} .35 long half lot

[11:10] {Threei} stop under .20

[11:11] {Threei} VRSK

[11:11] {Threei} for fast players only

[11:11] {Threei} IPO is IPO

[11:13] {ese} hmmmm missed that .35 entry

[11:13] {Threei} 1:1

[11:13] {ese} nicee

[11:14] {Threei} just one srtop today so far

[11:14] {Threei} and even that was caused by my own homegrown stupidity

[11:14] {Threei} shut up nemo

[11:14] {nemo} you think me that callus...

[11:15] {Threei} yes

[11:15] {Threei} and more

[11:15] {Threei} oh btw...

06[11:16] * Threei slaps nemo around a bit with a large hard sharp-edged grudge stored earlier

[11:16] {nemo} aig at support

[11:16] {nemo} trend that is

[11:20] {Threei} illustration to that morning story about encounter wqith llama:

[11:20] {Threei} http://realitytrader.com/vad/PA043068.JPG

[11:21] {Threei} VRSK

[11:21] {Threei} getting interesting for another bounce

[11:21] {ese} i say that vrsk bounces around her 27.50

[11:21] {ese} here

[11:21] {ese} nope

[11:22] {Threei} not ready yet

[11:22] {ese} unpredicatable

[11:22] {Threei} wait

[11:22] {Threei} VRSK CEO: Hoping to launch an additional offering after the lock up period; enough cash flow to make acquisitions (27.82, 0.00, 0.00%)

[11:22] {Threei} not the smartest thing to say opn first day on IPO

[11:23] {Threei} 2 min ago

[11:23] {nemo} pretty funny actually

[11:23] {ese} no kidding.......everyone buying in now is thinking.....damn!! dilution!!!

[11:24] {ese} it is funny

[11:24] {Threei} hmm

[11:24] {nemo} the investment bankers must be pulling their hair out

[11:24] {Threei} girls in the room, you better make sure you bouught all the shoes you'll need for a few years:

[11:24] {Threei} (CN) China Proposing shoe duties beginning Jan 2010

[11:24] {nemo} in or out

[11:25] {Threei} (EU) New duties on China, Vietnam shoes would begin on Jan 2010 (related EUR/USD )

[11:25] {nemo} if china won't float their currency, they'll tack duties on

[11:26] {Threei} we have 5 girls in the room (unless magoo hides something) so I thought it was worthy warning

[11:26] {nemo} 5?

[11:27] {patience} tell you what vad. you give your mrs. some bucks for shoes and we'll go shopping :)

[11:27] {Threei} but she is not in the room

[11:27] {nemo} reminds me of a story...

[11:28] {Threei} VRSK CEO - clean case of foot in the mouth disease

[11:28] {nemo} or....

[11:28] {nemo} head up the... syndrome

[11:28] {nemo} speaking from experience

[11:29] {Threei} RCL CEO: industry has stabilized at the bottom of the market (23.88, -0.10, -0.42%) (related CCL )

[11:29] {Threei} another fair warning: get your cruise now

[11:30] {nemo} yeah...before cap and trade

[11:30] {Threei} RCL had to drop Alaska cruises

[11:30] {Threei} felt squeeze pretty hard I'd guess

[11:31] {Threei} so will be quick to raise prices as soon as they see demand swallowing it

[11:31] {nemo} yeah...at my unpc job, all other departments have jacked prices way up...at least 20% on everything...some things 80%

[11:32] {Threei} COST

[11:32] {Threei} Costco Wholesale Corp CFO Galanti: to open 15-18 new locations in 2010; sales trends will dictate 2010 performance

[11:32] {Threei} - Membership fees increased in 2009 by $17M y/y because of 15 new store openings

[11:32] {Threei} - Sales trends will dictate 2010 revenues as well as the anniversaring of gas deflation

[11:58] {strider} .

[11:58] {nemo} &

[11:58] {strider} bad punctuation

[11:59] {Threei} but very fine point

[11:59] {Threei} now, let's see who is paying attenion:

[12:00] {strider} :D

[12:00] {Threei} which stock was called a short at .80, ignored by everyone and worked like charm for 25 cents drop?

[12:01] {Threei} no scrolling up

[12:02] {larisa} today?

[12:02] {Threei} gosh... of course today

[12:02] {Threei} you think I'd test memory of THIS room for more than 1 day?? :)

[12:02] {Threei} (whispering) you think I myself would remember yesterday's call?

[12:03] {Threei} yeah... thought so

[12:03] {Threei} [10:44] {Alert} Threei BRCM, the only way I'd play it is short if market drops

[12:03] {Threei} [10:45] {Alert} Threei don't like it long

[12:03] {Threei} [10:45] {Alert} Threei .80 short trigger

[12:04] {magoo} BACK, what a nitemare

[12:04] {larisa} i have alert on "setup" word, so missed it :)

[12:04] {magoo} dont know for how longh

[12:05] {Threei} something with router?

[12:05] {magoo} yea

[12:06] {magoo} our side, but serious

[12:06] {magoo} tech guy coming

[12:06] {dino} back, but not trading, 2/2 shorts, too many tech issues, calling it

[12:07] {strider} You guys seeing problems with laser? I haven't noticed any here.

[12:07] {Threei} no

[12:07] {Threei} they have problem with router in their office

[12:07] {magoo} our side

[12:07] {magoo} our dsl bad

[12:08] {dino} phone company coming

[12:09] {larisa} :(

[12:13] {strider} What DSL download speed do you have --when you have it.

[12:14] {Threei} 91% Favor Ban of Text Messaging While Driving

[12:14] {Threei} such a no-brainer... why doeas it even take any discussion

[12:14] {nemo} yeah...I hate seeing that

[12:14] {strider} For no-brainers

[12:15] {Threei} 55% Oppose Penalty for Not Buying Health Insurance

[12:22] {strider} MYL steady climb

[12:23] {ese} l vrsk .30

[12:24] {ese} myl is the type you wish you could predict from the begginning of the day...up or dn

[12:26] {strider} Yeah. It moves so slowly, it's hard for me to watch it.

[12:26] {strider} Maybe a little pullback here would be worth entry?

[12:27] {ese} stop .20 vrsk

[12:29] {ese} out vrsk .45

[12:29] {ese} +.15.......never look a gift horse in the mouth

[12:30] {Threei} neither llama

[12:31] {ese} egzacilly

[12:31] {nemo} http://www.albinoblacksheep.com/flash/llama

[12:33] {ese} man .....you have too much time on your hands

[12:33] {nemo} nephew showed that too me years ago...cracked me up

[12:46] {Threei} wow... this market freeze is freezer than yesterday's freeze

[12:46] {nemo} ok Yogi

[12:46] {Threei} wven AIG is not moving

[12:47] {strider} BRCD showing a little life.

[12:47] {nemo} rimm too

[12:47] {strider} very little

[12:48] {dino} fmx

[12:51] {Threei} hmmm

[12:51] {Threei} next time I say AIG doesn't move, let's buy it and close our eyes

[13:00] {nemo} C&H onr RIMM?

[13:01] {Threei} not delighted...

[13:01] {nemo} no me neither

[13:01] {Threei} but VRSK .50 break, could be

[13:01] {Threei} especially if consolidates here for as little while more

[13:02] {Threei} TREASURY'S $20B 10-YEAR NOTE REOPENING DRAWS 3.21%; BID-TO-COVER RATIO: 3.01 V 2.77 PRIOR AND 2.66 OVER THE LAST 5

[13:02] {Threei} - indirect bidders take 55.3% of competitive bids

[13:03] {strider} where would you place a stop on VRSK?

[13:04] {nemo} under .25?

[13:04] {Threei} I'

[13:04] {Threei} d prefer .30

[13:07] {dino} keyn?

[13:07] {Threei} don't see any news

[13:08] {Threei} not sure what's with it

[13:09] {dino} same here

[13:15] {Threei} 1:1

[13:16] {Threei} things are strangely easy today

[13:16] {magoo} in it lord vader

[13:20] {dino} amn l .38 sm

[13:25] {fernp} good evening everybody. have to go. see u all tomorrow

[13:26] {Threei} take care fern

[13:26] {Threei} mags, you are still in?

[13:27] {Threei} as far as I am concerned, this trade weas over on a spike over .70

[13:27] {Threei} and actually second one maybe in order, lol

[13:28] {magoo} ok

[13:28] {magoo} in tho

[13:28] {Threei} IMO... you are oversitting them

[13:28] {Threei} we are in choppy market

[13:28] {Threei} not in a steady uptrend

[13:29] {strider} Magoo, check your PMessages.

[13:29] {magoo} goyt 3 on..later

[13:30] {strider} Sure. sorry.

[13:31] {nemo} aig Vad

[13:31] {nemo} oops

[13:32] {strider} Double top on BRC

[13:32] {strider} double top BRCM?

[13:33] {Threei} hmm

[13:33] {Threei} H&S rather

[13:33] {strider} deformed shoulder. :)

[13:34] {Threei} it usually is

[13:34] {Threei} head is not very round either

[13:34] {strider} Hey, that's me!

[13:36] {strider} Is it still true, no shorts under $5? or was that an MBT thing?

[13:36] {Threei} it was never a fast rule - it dependend on broker's inventory,

[13:37] {Threei} and since most stocks under 5 were non-marginable

[13:37] {Threei} majority of brokers never had them for short

[13:37] {strider} thx

[13:37] {Threei} it's more relxaed now

[13:37] {Threei} we had a lot of shortable stocks all over the place, including fresh IPOs

[13:38] {Threei} want to see something?

[13:38] {Threei} go to CIT

[13:38] {strider} uh uh

[13:38] {Threei} enter short at 2

[13:38] {Threei} see order going throuigh

[13:38] {Threei} go to C

[13:38] {Threei} try short at 5

[13:39] {Threei} FRE at 2

[13:39] {Threei} but try FNM, no short

[13:39] {Threei} simply no inventory

[13:40] {strider} GENZ?

[13:40] {Threei} don't see fresh news

[13:41] {strider} BRCD turned into a cup and handle

[13:41] {Threei} YHOO Exec: Not focused on building phone or operating system

[13:41] {Threei} - Focused on creating new partnerships. (17.33, +0.03, 0.17%) (related MSFT )

[13:51] {dino} out amn -.22

[13:51] {Threei} ummm

[13:52] {Threei} guess who is on TV

[13:52] {nemo} Penelope Cruz

[13:52] {Threei} you wish

[13:52] {dino} keyn sm s .65

[13:52] {Threei} there is something about BRCD...

[13:52] {Threei} doesn't even drop with this market retreat

[13:53] {Threei} just a few cents from yesteday's high

[13:53] {nemo} you told me to go short break of .80 this morning

[13:53] {Threei} volume drop over last two days is my only concern

[13:53] {Threei} ummm... nemo

[13:53] {Threei} what did you say about dislexic?

[13:54] {Threei} that was BRCM!

[13:54] {Threei} this is BRCD

[13:54] {nemo} moth

[13:54] {Threei} M is not equal D, ergo - those are two different stocks

[13:54] {larisa} monkey, donkey.. who cares :)

[13:54] {nemo} cogito ergo sum non

[13:54] {Threei} well... there is a world of difference between M and D

[13:55] {larisa} next time you misspell, you will be reminded :)

[13:55] {nemo} ty

[13:55] {Threei} lol, as if you are goling to have to wait for long

[13:56] {larisa} it was vevy fast :)

[13:56] {nemo} ahhh, vad.............................++++++.............

[13:56] {Threei} rofl

[13:56] {Threei} I just noticed

[13:56] {Threei} " goling "

[13:57] {Threei} mistype in the promise to mistype soon enough... unbeatable

[13:58] {nemo} see general volumes today....very low, makes me think this is consolidation...then again me thinking....

[13:59] {Threei} so far, NQ volume is about half of yesterday's

[14:00] {Threei} Market Internals update at 12:00pmET

[14:00] {Threei} - NYSE volume 385M shares, about 20% below its three-month average; decliners lead advancers by 1.6:1.

[14:00] {Threei} - NASDAQ volume 950M shares, about 5% below its three-month average; decliners lead advancers by 1.3:1.

[14:00] {Threei} - VIX index -1.75% to just under 25.50

[14:00] {Threei} buy, it's low

[14:00] {Threei} boy

[14:00] {nemo} thanks for correcting...I was typing in vxxx

[14:01] {ese} ladies and germs....just thought that i would pop back and say goodbye for the day.....have a good one and we'll see you tomorow

[14:01] {Threei} take care ese

[14:01] {ese} see ya vad

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 545M shares, about 20% below its three-month average; decliners lead advancers by 1.5:1.

[14:02] {Threei} - NASDAQ volume 1.33B shares, about 8% below its three-month average; decliners lead advancers by 1.3:1.

[14:02] {Threei} - VIX index -3.75% to just under 25.00

[14:02] {Threei} ORCL To reportedly stop making servers which run on Windows (20.70, +0.16, 0.78%) (related SY MSFT )

[14:02] {Threei} mutiny?

[14:05] {nemo} mmmhhhh, FCX close to losing support....ooops

[14:07] {Threei} I don't like GLD holding that firmly up there

[14:11] {dino} and i don't like keyn holding at .64

[14:15] {Threei} BRCD ORCL CEO: Not interested in purchasing the company (9.18, +0.28, 3.15%)

[14:30] {Threei} (US) Obama to visit Beijing, Shanghai Nov 15-18

[14:31] {Threei} I wanted to go too... just not this year

[14:38] {nemo} aig .80 break, stop .70?

[14:38] {patience} i am biking from beijing to shanghai in april vad. come with me.

[14:38] {Threei} I am not biking...

[14:39] {Threei} but thank you

[14:39] {larisa} he is eating beijing duck :)

[14:39] {Threei} not eright now, but yeah

[14:40] {patience} in may i am kayaking down the coast of thailand. you can't miss that. no excuses.

[14:40] {dino} watch what you say when there patience

[14:40] {patience} i am too mouthy dino?

[14:42] {dino} no, just they do not like any dissent

[14:42] {magoo} OPXA ripped

[14:43] {Threei} no news

[14:51] {Threei} how many calls today, anyone know?

[14:51] {nemo} I think 7 maybe 8

[14:51] {Threei} ty

[15:00] {dino} rl sm l .05

[15:13] {Threei} spike or drop

[15:14] {nemo} ask mags

[15:14] {Threei} that;s what we need to decide to find a play or two for the close

[15:14] {Threei} lol

[15:14] {Threei} mags... THE QUESTION

[15:14] {Threei} IMO... spike is more likely

[15:16] {nemo} I agree with you

[15:16] {Threei} timiong is unclear yet

[15:16] {magoo} dunno realy..my day messed up..had no laser/internet until after noon

[15:16] {Threei} sorry...

[15:17] {magoo} i am down cause of it too

[15:17] {magoo} so need a few

[15:18] {Threei} you know what

[15:18] {Threei} don't be thinking like that

[15:18] {Threei} it's as if you don't allow yourself to have a losing day

[15:18] {Threei} if there is trade coming along, good

[15:19] {Threei} but don't push for it

[15:19] {dino} trl

[15:24] {nemo} fcx heading for the top of it's range today

[15:25] {dino} i think retail # tomorrow

[15:25] {nemo} yes

[15:25] {nemo} actually no...14th

[15:26] {nemo} nice volume increase on this last leg up in fcx

[15:29] {Threei} OK...

[15:30] {Threei} my candidate for this push is WFC

[15:30] {Threei} went over about 25 stocks to see what follows the best right now,

[15:30] {Threei} and this one seems to be the cleanest

[15:31] {Threei} .10 is obvious resistance to break

[15:31] {Threei} ideally we get little pullback now

[15:31] {Threei} then break

[15:31] {magoo} more than a scalp?

[15:32] {nemo} time

[15:32] {Threei} hard to tell for now, depends on how strong market push is going to be

[15:33] {Threei} my favorite scenario here would be pullback closer to 29 wirth entry there

[15:33] {Threei} but if no more pullbacks, then standrad setup

[15:33] {Threei} Long Setup: WFC 29.10 break if stays above 29

[15:34] {dino} panl spike

[15:34] {Threei} PANL TIcks higher on positive mention on CNBC (12.41, +0.59, 4.99%)

[15:35] {Threei} Market Internals update at 3:30pmET

[15:35] {Threei} - NYSE volume 730M shares, about 17% below its three-month average; decliners lead advancers by 1.6:1.

[15:35] {Threei} - NASDAQ volume 1.75B shares, about 6% below its three-month average; decliners lead advancers by 1.3:1.

[15:35] {Threei} - VIX index -3.5% to just under 25.00

[15:35] {dino} lol

[15:36] {Threei} AUG CONSUMER CREDIT: -$12B V -$10BE; 7th straight month of contraction

[15:40] {Threei} 1:1

[15:40] {Threei} am I good or what

[15:40] {dino} rl to b/e

[15:42] {dino} stoped

[15:42] {dino} stopped

[15:43] {Threei} (US) Senator Reid: White house meeting reinforced commitment to job creation

[15:43] {Threei} oh ghood

[15:43] {Threei} I was worried they'd drop it

[15:44] {dino} they forgot about it

[15:50] {Threei} 1:2

[15:50] {Threei} I am out

[15:50] {magoo} out

[15:50] {magoo} TY

[15:50] {Threei} :)

[15:50] {Threei} hope I helped fix it a little

[15:51] {magoo} yes

[15:51] {magoo} a lil

[15:51] {Threei} also gklad it was WFC - that same single stop we had earlier

[15:55] {dino} clean 'em up

[15:59] {dino} cov keyn .36, +.29

[15:59] {Threei} last market push

[16:00] {Threei} good to see I nailed it

[16:00] {Threei} okay guys, thank ytou all

[16:00] {nemo} gnite

[16:00] {Threei} beautiful day

[16:00] {larisa} later:)

[16:00] {gnslng} ty Vad and you'all have a nice evening

[16:00] {Threei} have a good evening

[16:00] {Threei} see you all tomorrow

[16:00] {dptl} have a good evening all

[16:01] {dino} take care