Oct 13 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Our first losing day in about two weeks. Just one of those when nothing works, no matter what you try - breakouts, breakdowns, pullbacks, everything shakes you out before going. One of the ways the market lures you into abandoning your discipline.

Session Time: Tue Oct 13 00:00:00 2009

[08:12] {Threei} SVA Receives Certificate Of Approval To Distribute Panflu (H5N1) Vaccine In Hong Kong

[08:13] {nemo} $ down again

[08:43] {cosmo} bcrx

[08:44] {strider} vnda

[08:44] {Threei} nvax

[08:44] {Threei} sva

[08:45] {Threei} 18:01 VNDA Novartis enters into agreement for exclusive US and Canadian rights to Fanapt; to get $200M upfront payment

[08:45] {Threei}

[08:46] {magoo} morn

[08:46] {Threei} it is

[08:46] {Threei} unless cosmo says otherwise

[08:47] {cosmo} mourning

[08:49] {magoo} vad, news MA

[08:49] {magoo} AIG

[08:49] {magoo} AAPL

[08:49] {magoo} GOOG

[08:49] {magoo} RIMM

[08:49] {magoo} BIDU?

[08:49] {Threei} eeck

[08:49] {magoo} when u can please check

[08:50] {Threei} what makes you think any of them has any significant news?

[08:51] {cosmo} fonr

[08:51] {cosmo} announced today two recent sales of

[08:51] {cosmo} its UPRIGHT(R) Multi-Position(TM) MRI scanners.

[08:51] {magoo} i dont..but i follow all and dont want to take a trade and not rralize news out

[08:52] {Threei} none of them shows any unusual price action

[08:52] {magoo} sigh

[08:52] {magoo} never mind

[08:52] {Threei} and those are companies with constant barrage of some little news

[08:53] {Threei} want to try and read through them to see if there is anything important?

[08:53] {Threei} look:

[08:53] {Threei} Apple Inc Business Week examines why the company has a higher market cap than Google

[08:53] {Threei} - Apple makes money in all of its businesses, while Google incurs losses in most of its units, with the exception of its search business.

[08:53] {Threei} - Apple's profits may be more insulated from competition than Google's.

[08:53] {Threei} - Apple has room to grow its consumer business.

[08:53] {Threei} this kind of bs takes pages on each of these flagships

[08:54] {Threei} approach them differently: if there is some unusual price action, look for news

[08:54] {Threei} if there is none, no even reason for look

[08:55] {magoo} interesting....gotcha

[08:55] {larisa} gm :)

[08:55] {Threei} larisa :)

[09:01] {fernp} good morning everybody

[09:01] {Threei} fern :)

[09:02] {lasertrev} gm

[09:02] {Threei} trev :)

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:11] {strider} drys

[09:11] {ese} morning

[09:11] {Threei} ese :)

[09:11] {strider} morning all

[09:12] {Threei} DRYS Signed agreements with Nord LB and West LB on waiver terms for a total of $183M of Debt

[09:12] {Threei} - Signed agreements with Nord LB and West LB on waiver terms for $116M and $67M respectively of outs... (6.77, 0.00, 0.00%) more...

[09:12] {Threei} strider :)

[09:12] {strider} 3i:)

[09:12] {Threei} IA) Iranian State Broadcaster: Oil sales will take place in Euro and non USD currencies

[09:12] {Threei} **Note: Earlier today, Iranian State Broadcaster said oil sales will take place in Euro and non-dollar currencies

[09:14] {ese} 4:51:33 AM DryShips, Inc Hearing shares upgraded to Buy from Hold at Lazard; PT $11

[09:15] {strider} DRYS -one choppy daily chart

[09:16] {ese} vad you seen anything on the drys bulk index still going up?

[09:16] {ese} dry bulk index

[09:18] {Threei} no, down today

[09:18] {dptl} good morning all

[09:18] {Threei} dp :)

[09:18] {ese} dddddpppppp

[09:18] {dptl} :)

[09:19] {ese} where are yoy getting that info/chart vad?

[09:19] {ese} you

[09:20] {strider} nvax nice range

[09:20] {Threei} 08:12 BLTXX Baltic Dry Bulk Index falls by 2% - first decline in 10 sessions

[09:23] {Threei} here is chart for you ese:

[09:24] {Threei} http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND

[09:26] {nemo} wfc vad?

[09:26] {Threei} no news

[09:26] {nemo} how's it look for the open?

[09:26] {Threei} ABAT Announces $8.7M battery order

[09:27] {Threei} ABAT will supply two kinds of polymer lithium-ion phosphate battery pack: 48V15Ah battery applied to electric motorcycles and 72V50Ah battery applied to other electric vehicles.

[09:27] {Threei} I've no idea WFC

[09:27] {Threei} why don't we let it trade and establish something

[09:28] {nemo} big volume spikes in this are

[09:28] {nemo} area

[09:28] {ese} thanks vad

[09:29] {KSystems} good morning and good luck

[09:29] {Threei} ks :)

[09:32] {Threei} Long Setup: EBAY.20 break

[09:33] {Threei} if stays above .10

[09:34] {Threei} 1:1

[09:34] {fernp} ty

[09:34] {ese} missed it,,,,nice call vad

[09:34] {Threei} watching JNPR for pullback

[09:35] {Threei} Euro vs US Dollar Insight: Dealers debate the USD and reserve currency status

[09:35] {Threei} The USD continues to hit 12 month lows against numerous European and commodity-related currencies and some dealers are debating whether central bank currency intervention would ensue.

[09:35] {Threei} The dollar bears suggest that the Obama Administration spending to remove the U.S. from its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets. The dollar bears suggest that the US has no interest in having the USD be a reserve currency as that would require fiscal discipline. The strong dollar policy mentioned by officials is broadly viewed as "a joke" at this point in time and is just rhetoric.. They do not mean it and everyone realizes it now.

[09:37] {Threei} WFC

[09:37] {Threei} watching for retest of the low

[09:37] {Threei} and double bottom

[09:41] {dptl} .

[09:42] {Threei} one more leg down WFC

[09:42] {Threei} want something around 30- 30.05 at least

[09:42] {magoo} jpm vad hammered here

[09:45] {Threei} Long Setup: WFC 30.1 break

[09:45] {Threei} stop under 30

[09:46] {Threei} .05 was the best entrey but happened too fast to type

[09:46] {dino} pwrd

[09:47] {magoo} AIG against the mkt

[09:47] {Threei} must be news or rumor

[09:47] {Threei} don't ssee anything on it yet

[09:49] {magoo} must be

[09:49] {magoo} to vertical

[09:49] {Threei} yeah, momo

[09:50] {ese} l wynn .05

[09:51] {ese} out wynn .19 +.14 appologies for the call was moving too fas

[09:52] {Threei} Long Setup: ENER 12 break if stays above .90

[09:53] {magoo} in

[09:53] {fernp} in

[09:54] {Threei} WFC no go

[09:54] {Threei} this sudden market downtick ruins plays

[09:55] {Threei} no news for it again

[09:55] {fernp} stopped ENER

[09:55] {Threei} ENER gave up too

[09:56] {magoo} VNDA interesting vad

[09:56] {Threei} ,50 break?

[09:57] {magoo} yea

[09:57] {magoo} in

[09:58] {nemo} $ strengthening

[09:59] {magoo} futes are weak

[09:59] {Threei} RA IPO opens for trading at $14.35

[09:59] {Threei} RailAmerica

[09:59] {Threei} good one VNDA

[10:00] {Threei} OCT IBD/TIPP ECONOMIC OPTIMISIM INDEX: 48.7 V 52.5E

[10:05] {nemo} aig at support

[10:06] {Threei} Long Setup: JNPR .80 break

[10:07] {Threei} if sdtays above .70

[10:10] {strider} jnpr still valid?

[10:10] {nemo} yeah

[10:10] {Threei} (US) White House: still comitted to reforming international corporate taxation

[10:10] {dino} he means raising

[10:10] {Threei} reforming = doubling?

[10:11] {Threei} why not strider

[10:11] {Threei} never lost .70

[10:11] {strider} ticked below .70

[10:11] {Threei} not after the call

[10:11] {Threei} these guys have never met tax they didn't like or didn't want to hike

[10:12] {nemo} what left wing politician has?

[10:12] {fernp} Qs upticking JNPR no

[10:12] {Threei} unfortunately, I don't see many right wind politicians I'd admire either

[10:12] {dino} v sm l mstr ,.23 thin

[10:12] {Threei} wing

[10:13] {Threei} none of them has even remote concept of restraining spending

[10:15] {dino} politics; poli=many, tics=bloodsuckers

[10:16] {ese} hmmm never looked at it that way

[10:16] {nemo} haven't used that one in months Dino :)

[10:16] {fernp} in JNPR

[10:17] {nemo} in too

[10:17] {Threei} Goldman Analyst: Crude oil due for a 'break out' from range (related USO XOM )

[10:17] {strider} in too

[10:17] {Threei} is it the same analyst that called oil 200 in the summer of 2008?

[10:18] {dino} driv sm l .50

[10:18] {nemo} pivot for jnpr is .82

[10:23] {Threei} no go

[10:23] {fernp} out .68

[10:24] {nemo} $ continues to strengthen

[10:25] {strider} I think the market is going down today

[10:25] {nemo} as long as the $ keeps getting stronger

[10:26] {ese} l ener .84

[10:34] {dino} don't think

[10:36] {ese} it felt like I had found the reversal point for ener.......but maybe not...stop in at .70

[10:37] {fernp} ERTS interesting

[10:37] {nemo} $ losing steam

[10:39] {Threei} what do you use to watch it?

[10:39] {nemo} uup

[10:39] {Threei} with 6 cets range?

[10:39] {Threei} cents

[10:39] {ese} whats that nemo uup

[10:40] {nemo} it tracks a basket of currencies against the $

[10:40] {ese} it's an index

[10:40] {nemo} etf...but yeah, basically

[10:41] {ese} what are it's strenghts and weaknesses

[10:42] {ese} just looking at it now

[10:42] {nemo} I don't trade it, just use it as an indicator...plot it against the S&P 500 over the last year

[10:43] {ese} as an indicator ...what are you looking for

[10:43] {nemo} it's rise and fall...this rally in the S&P has mirrored (almost anyway) the decline in the $

[10:44] {nemo} Dollar weakness has been a boon to equities. Strength just the opposite

[10:44] {ese} ok......you using it to go long and short stocks ?

[10:45] {nemo} last week we had the first time in a long time where I saw the $ and the market up on the same day, so there might be a transition underway

[10:46] {ese} ok

[10:47] {dino} the strength in $ last fall-march give or take was a flight to safety. altho weaker $ to a point is very good for stocks, especially exporters

[10:47] {Threei} with UUP intraday range I can't see how it can be useful as indicator for short term trades

[10:48] {ese} no ...i wouldn't think so.....swing or longer term

[10:49] {ese} ener should reach 12 here

[10:49] {ese} spoke too soon

[10:53] {ese} what kind of flippin quote is that .8956352 sheesh

[10:54] {Threei} lol

[10:54] {ese} ahhhhhh just let me calculate that for a second

[10:54] {ese} let me see.....that means i'm up duuuuhh

[10:57] {nemo} dcc ese?

[10:59] {ese} come on ener.....you know you've found the bottom

[11:00] {ese} ok....i'm shutting up now.....everytime i say something it goes dn

[11:04] {Threei} we need some shakeout in the market

[11:04] {Threei} so it would spring back to life

[11:04] {Threei} I don't want top push anything in this inactivity

[11:06] {dino} push magoo then

[11:07] {Threei} hmm

[11:07] {Threei} that maybe just an idea

[11:13] {ese} see you in a few minutes everyone........off to take my son to school

[11:13] {fernp} covering here JNPR +.15 and also stopped out ERTS -.15 the only one happy is my broker

[11:14] {Threei} hey, they need to eat too

[11:15] {fernp} yeah, they like the caviar

[11:19] {nemo} brcm strong (relatively) toay

[11:19] {strider} vnda?

[11:20] {nemo} they eat their young

[11:21] {dino} stec nemo?

[11:21] {dino} -15 since downgrade

[11:22] {dino} out drive +.35

[11:22] {nemo} yeah. Watching it today, it's been hitting resistance at it's VWAP an dropping

[11:23] {nemo} Actually, it seems many of the stocks are hitting technical resistances (ma, pivot relationships) and moving off them today

[11:23] {nemo} well...the one's I'm looking at anyway

[11:25] {dino} pwrd interesting

[11:25] {dino} and i like stewc around 24.25

[11:26] {nemo} stewc?

[11:27] {dino} stec, typo

[11:27] {dino} july rocket area

[11:29] {nemo} I see support for stec @ 23.50 an then 21.50

[11:31] {nemo} that's longer term Dino

[11:33] {dino} i see dead people

[11:33] {nemo} Soylent Green is people

[11:33] {dino} but seriously, i see it going up w/o me

[11:33] {fernp} PALM 17.05 break, Vad?

[11:33] {Threei} Short Setup: DRIV .90 break

[11:33] {Threei} if stays below 26

[11:34] {dino} dine, sfly, tlvt

[11:35] {Threei} can't tell on PALM

[11:35] {fernp} i'll pass

[11:36] {ese} i'm back

[11:37] {Threei} DRIV if works should be good for more than scalp

[11:38] {dino} sm l pwrd .00

[11:38] {dino} pulp, so careful

[11:38] {strider} are you partialing at .80, vad?

[11:39] {Threei} depends on action

[11:39] {Threei} if dives sharply, will probably give a first partial lower

[11:39] {Threei} around mid 70s

[11:39] {Threei} market strengthened

[11:41] {Threei} sigh

[11:41] {magoo} yea..mkt keeps ruining setups

[11:41] {fernp} out

[11:41] {Threei} both ways

[11:41] {magoo} yea

[11:41] {strider} Well I've lost my limit for the day

[11:41] {Threei} look at this dive

[11:41] {dptl} have a good rest of the day all

[11:42] {dino} u2 dp

[11:42] {dino} amn waking

[11:42] {dino} thin

[11:44] {magoo} HIG trying to bounce

[11:46] {strider} sxci

[11:47] {fernp} ENER 12 break is valid setup, Vad?

[11:48] {Threei} I don't know what to say fern... it is but none of valid setups worked so far\

[11:48] {fernp} thanks

[11:48] {Threei} this is simply one of those brutal "shake out everyone" days

[11:49] {Threei} we have enough time yet, but so far it shapes up as our first losing day in two weeks

[11:49] {Threei} now, my approach to this is:

[11:50] {Threei} odds are odds, we are bound to have losing days sooner or later,

[11:50] {Threei} and main task is to keep losses well trimmed down

[11:50] {Threei} so I don't want to continue doing what hasn't worked so far and accumulate losses out of stubberness

[11:51] {Threei} instead I want to see if can get one of setups based on someone getting shaken out

[11:51] {Threei} like sharp pullback after the breakout

[11:51] {dino} oh, i thought you were going to the pub

[11:51] {nemo} $ at low for the day

[11:51] {Threei} that's a good idea too

[11:51] {magoo} in :)

[11:51] {Threei} lol

[11:52] {dino} some times it is less expensive than pushong

[11:52] {dino} pushing

[11:52] {Threei} and way more pleasanrt

[11:53] {dino} so, i shall do that next week

[11:54] {Threei} DRIV, false break, sharp pullback now

[11:54] {Threei} let's sdee if there is a bounce in it to scalp

[11:55] {Threei} want another vertical bar down

[11:56] {nemo} .80 is pivot

[11:57] {Threei} feels like going under .80 to me

[11:57] {nemo} just info

[11:58] {dino} i ran it from .50-.85 earlier, .40 held then

[11:59] {Threei} in

[11:59] {Threei} .73

[11:59] {fernp} stop?

[11:59] {magoo} .78

[12:00] {Threei} .65

[12:01] {magoo} taking too long...no good sign

[12:03] {Threei} tighten stop to under .70 then and hunt for reentry if stopped

[12:05] {Threei} ok DRIV, it's time

[12:05] {Threei} sharp jump is just what you need now

[12:06] {Threei} yeah right

[12:06] {fernp} O U T

[12:06] {Threei} if even so deep pullbacks don't work...

[12:07] {magoo} ironically..original short was the trade

[12:07] {Threei} yup

[12:07] {Threei} but it got shaken out too

[12:09] {Threei} and it's now where I intended to cover it when said it was more than scalp

[12:09] {Threei} frikin 40 cents target

[12:09] {fernp} and ENER 12 break is not working...

[12:14] {Threei} BVX FDA 510(k) Clearance to Market Laparoscopic Device for Solid Organ Resection; Submits to FDA 510(k) Application for Resistick II Coated Electrodes

[12:14] {Threei} Bovie Medical Corporation (the Company) (NYSE-AMEX Symbol: BVX), a manufacturer and marketer of elec...more...

[12:22] {dino} germany cutting solar subsidies moving more towards nuclear

[12:24] {Threei} is it something fresh?

[12:24] {Threei} I dopn't see any headlines

[12:28] {patience} The German CDU energy spokesman says that Germany--the world's largest solar market--will be further cutting solar subsidies in 2010. They are looking more favorably at nuclear power to meet demand and cut greenhouse gasses

[12:28] {patience} realmoney blurb just posted

[12:29] {dino} inin

[12:29] {Threei} so, there is a hope for common sense in the world?

[12:29] {nemo} stop being silly

[12:29] {Threei} yeah... what was I thinking

[12:29] {dino} no vad, cal. just increased the subsidies

[12:32] {dino} stec

[12:32] {Threei} oh well... it was a nice thought for all of 6 seconds

[12:34] {nemo} Should never have looked away...that flatline

[12:37] {nemo} where you waiting Dino

[12:38] {dino} .90

[12:39] {dino} too low perhaps

[12:50] {dino} sm l .25

[12:51] {Threei} Citigroup analyst comments on Solar sector; says more pressure is growing on German subsidies (timing uncertain)

[12:51] {Threei} - notes "solar stocks are down across the board today on news overnight from Germany that the recently elected administration is seeking to reduce feed-in-tariffs (FIT) for solar power generation by as early as 2010. While discussions are ongoing and no specifics were provided, we note this is a decidedly more negative stance versus original expectations of what was largely believed to be an impending cut to take effect in 2011 but broadly in-line with our view that Germany is at best a temporary positive."

[12:57] {larisa} not good news for ENER actually, Germany market is 3d after Spain and France.

[12:58] {Threei} (US) US Senator Snowe (R): will vote for Baucus healthcare plan

[12:58] {Threei} - (related UNH WCG HUM CI CVH UNH WLP )

[12:59] {Threei} AET dropped like stone

[12:59] {Threei} all in the list above did too

[13:00] {dino} stec stopped -.36

[13:04] {nemo} aig in a tight range

[13:08] {Threei} what isn't

[13:09] {Threei} I just checked for my own pulse

[13:09] {Threei} seriously questioned if I even had any

[13:09] {nemo} can you see yourself in the mirror?

[13:09] {Threei} hmmm... not really, and I feel strange idiosyncrasy to sunlight

[13:10] {nemo} then why are you checking for a pulse?

[13:10] {Threei} that was just my first clue

[13:10] {nemo} ahhh

[13:15] {strider} ntrs

[13:21] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_debra_j_saunders/what_happened_to_global_warming

[13:32] {ese} hey everyone...outta here for the day ...still long ener at .84...cya tomorow

[13:33] {nemo} by ese

[13:33] {ese} dude......later

[13:33] {larisa} bye ese, nerves of steel :)

[13:33] {Threei} take care ese

[13:33] {fernp} bye ese

[13:48] {Threei} EU) ECB's Noyer: Good idea to have balance in multi-currency global system; SDRs are not an instrument to replace USD

[13:48] {Threei} - Chinese Yuan can be reserve only once it is convertible; emerging economies should gradually shift toward the Euro for trade.

[13:48] {Threei} - Global monetary system can evolve "progressively".

[13:48] {Threei} - Euro is 'obvious candidate' for reserve currency.

[13:49] {nemo} talking his book

[13:49] {Threei} this is beyond idiotic

[13:49] {Threei} yan as reserve currency?

[13:50] {Threei} euro that is a subject of questioning re: its very survival?

[13:50] {nemo} that's probably why he's suggesting it

[13:53] {Threei} F Recalling 4.5M vehicles due to faulty switch - Detroit news (7.70, +0.08, 1.05%)

[13:53] {Threei} VNDA

[13:54] {Threei} probably time to bottom out and regain some

[13:55] {Threei} Long Setup: VNDA .55

[13:55] {Threei} with any market help target is about 11.90

[13:56] {Threei} stop is under .40

[13:56] {dino} syna

[13:58] {strider} no shorts for syna

[13:58] {nemo} trading by appointment

[13:58] {nemo} vnda

[14:03] {strider} qcom

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

[14:06] {Threei} - NYSE volume 585M shares, about 15% below its three-month average; decliners lead advancers by 1.8:1.

[14:06] {Threei} - NASDAQ volume 1.28B shares, about 12% below its three-month average; decliners lead advancers by 1.4:1.

[14:06] {Threei} - VIX index +0.5% to just over 23.00

[14:09] {dino} optt

[14:10] {Threei} VNDA invalidated

[14:11] {Threei} may reestablish itself

[14:12] {Threei} okay... what just happened to a buck?

[14:12] {nemo} going up

[14:12] {Threei} going? that's more like exploding

[14:12] {nemo} viagra?

[14:12] {Threei} covered all day's loss in what, 10 min?

[14:13] {Threei} sent gold down screaming

[14:13] {fernp} VNDA?

[14:14] {Threei} feels to me like recovery

[14:15] {Threei} that brief dibe under .40 looked and felt like last shakeout

[14:15] {fernp} good moment to enter now?

[14:15] {fernp} in a pullback

[14:15] {Threei} it's a bit above trigger

[14:15] {Threei} yes

[14:15] {Threei} pullback is the best

[14:17] {nemo} bummer

[14:18] {Threei} it ticked back to .55 after my first comment

[14:18] {Threei} if you wanted it it was there

[14:18] {nemo} didn't see that

[14:18] {Threei} [14:14] {Threei} feels to me like recovery

[14:19] {nemo} saw that

[14:19] {Threei} 14:15 bar .51 - .59

[14:19] {fernp} are you in Vad at .55

[14:19] {fernp} ?

[14:19] {Threei} .56

[14:20] {fernp} ok

[14:22] {Threei} I want .90

[14:23] {Threei} 1:1

[14:27] {fernp} I missed the entry --} I missed the play

[14:27] {fernp} if you see another good entry point, call it please

[14:28] {Threei} closer to .50

[14:28] {Threei} still as valid

[14:32] {Threei} interesting comment from Fed's Kohn

[14:32] {Threei} - Using monetary policy to tackle asset bubbles is still in question; strong preference is to improve supervision and regulation of markets

[14:32] {Threei} so, the very idea of having central bank deliberatelky setting the prime rate is in question?

[14:33] {Threei} I'll say it's time

[14:33] {Threei} actually time to abandon this idea as in 1913

[14:33] {Threei} was

[14:33] {nemo} central bank is all about politician's power...w/out central bank, they can't deficit spend as easily

[14:34] {Threei} I don't react to this simply because I lost all hope to ever regain my crown of the captain obvious

[14:40] {Threei} I'd say perfect second chance fern

[14:41] {Threei} right back into trigger, and market started turning up just at that moment

[14:41] {larisa} so VNDA drives the market?

[14:41] {Threei} hmm?

[14:41] {larisa} sigh

[14:41] {fernp} I am in .57

[14:42] {nemo} oh boy

[14:42] {larisa} ty nemo

[14:42] {fernp} stop is still under .40?

[14:42] {nemo} np lari

[14:42] {Threei} well... can modify it to under .50, but higher chance of shakeout

[14:42] {Threei} but stop is smaller

[14:42] {Threei} but...

[14:43] {Threei} OK... explain to me please how what I said means VNDA drives the market, you two

[14:43] {BKHMD} hi all

[14:43] {larisa} just smile and forget it.. or eat some bacon :)

[14:43] {BKHMD} which stock are we watching?

[14:43] {nemo} What specifically did I say to corroborate such a position

[14:43] {Threei} VNDA bkhmd

[14:43] {BKHMD} ty

[14:44] {Threei} what do you mean smile?

[14:44] {nemo} Oh Vad, cmon...

[14:44] {strider} ener lod

[14:44] {Threei} how is it done and what is it?

[14:47] {larisa} close right eye, open left eye really wide and stretch your lips

[14:47] {Threei} US Dollar vs Japanese Yen Mid afternoon reversal sparks trader speculation in wake of quiet market

[14:47] {Threei} - some desks have noted Goldman Sachs was rumored in there buying USD/JPY

[14:47] {Threei} - we have also heard the typical Bank of Japan "checking rates" chatter but would note is is 3AM in Tokyo

[14:48] {nemo} insomniac currency trader...

[14:50] {Threei} Senate Finance Committee: Procedural vote on healthcare reform bill; Vote was 13-10; main vote still upcoming

[14:51] {Threei} I just tried that Larisa... neighbor boy, 6, walked by just at that point... I am afraid that trauma will be with him all his life

[14:51] {BKHMD} Did I read there was one republican that voted for it?

[14:51] {Threei} will vote

[14:51] {Threei} there was no actual vote yet

[14:51] {Threei} but yes, she said she will

[14:51] {BKHMD} ahhh i see

[14:52] {BKHMD} when does the senate vote?

[14:52] {Threei} who knows

[14:52] {Threei} Senate Finance Committee: Passes healthcare reform bill; Vote was 14-9

[14:52] {Threei} - Snowe voted in favor (related HUM UNH CI AET WCG CVH )

[14:56] {dino} pwrd to .55

[14:57] {dino} , out +.55

[14:57] {larisa} gj

[14:57] {BKHMD} are we long or short on VNDA?

[14:58] {nemo} out

[14:58] {Threei} you missed whole play, just stays away

[14:58] {dino} ty larisa

[14:58] {fernp} out VNDA

[14:58] {dino} all day for trades to work

[14:58] {Threei} it was already invalidated, reestablished, triggered, reached 1:1 and pulled back, lol

[14:59] {nemo} once 1:1 usually pullback to trigger is your stop BKHMD

[14:59] {BKHMD} yea I had just logged in didnt see the original call

[14:59] {BKHMD} was just following it puishing for the group didnt know which way to push lol

[15:00] {Threei} oh great, so it's your fault

[15:00] {BKHMD} lol

[15:00] {BKHMD} sorry vad

06[15:00] * nemo slaps BKHMD around a bit with a large trout

[15:00] {BKHMD} fillet i hope

06[15:00] * nemo slaps BKHMD around a bit with a large trout

[15:00] {fernp} good evening everybody. awful day here. see u all tomorrow

[15:00] {BKHMD} wasabi included

[15:00] {Threei} take care fern

06[15:00] * nemo slaps BKHMD around a bit with a large sturgeon

[15:00] {BKHMD} later fern

[15:00] {larisa} why BKHMD is in caps? nobody else is, not fair:)

[15:01] {BKHMD} sorry

[15:01] {Threei} he is afraid we won't notice him?

[15:01] {nemo} acronym lari

[15:01] {larisa} lol

[15:02] {Threei} there... now we can safely pretend we do not notice him

[15:02] {bkhmd} {----Hiding

[15:03] {larisa} can HIG bounce? incredibly weak today

[15:03] {nemo} I was just looking at that

[15:04] {larisa} I thought 26.40 was it, but nooo

[15:04] {nemo} might want to play this as a short pullback :)

[15:05] {larisa} now i would not, if it can bounce, it will do it now :)

[15:05] {larisa} but down trend all day

[15:15] {dino} ghm

[15:17] {Threei} that was the bottom larisa

[15:17] {larisa} market is bouncing too

[15:17] {Threei} yeah, and fairly impressively

[15:18] {Threei} NASDAQ is back into green

[15:18] {Threei} NYSE is about flat

[15:18] {nemo} market seems to be treading water until earnings say something...maybe

[15:19] {dino} ghm sm s .84

[15:19] {Threei} somehow I doubt earnings mean much

[15:19] {nemo} guidance likely to mean more you think?

[15:19] {nemo} vnda gave up the ghost

[15:19] {magoo} freakin AIG

[15:20] {Threei} guidance is always more powerful than earnings,

[15:20] {Threei} but at this point market is ot aabout any of that

[15:20] {Threei} not about

[15:21] {Threei} AIG Financial Products employees have made 'considerable progress' in unwinding trades and cutting risk; continuing to discuss pay issues (44.90, +0.50, 1.13%)

[15:23] {magoo} nice climb GS

[15:24] {Threei} larisa... next time you mention HIG, I buy all I can afford

[15:25] {larisa} deal

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 770M shares, about 13% below its three-month average; decliners lead advancers by 1.7:1.

[15:31] {Threei} - NASDAQ volume 1.66B shares, about 11% below its three-month average; decliners lead advancers by 1.4:1.

[15:31] {Threei} - VIX index +0.75% to just under 23.00

[15:31] {Threei} flat day on low volume

[15:31] {Threei} why did I bother to wake up

[15:33] {nemo} I echo your sentiment

[15:36] {larisa} I will finish this fascinating day early, see you later :)

[15:36] {Threei} what?

[15:36] {Threei} you stay and suffer

[15:37] {larisa} if you smile :)

[15:37] {magoo} AONE rockeys

[15:37] {Threei} ok... go...

[15:37] {larisa} lol

[15:37] {Threei} take care larisa :)

[15:38] {Threei} I looked at AONE a few times earlier

[15:38] {Threei} never saw any play in there

[15:38] {magoo} not the steak sauce vad in your refrig

[15:40] {Threei} MRO Hearing Jim Cramer makes positive comments (33.10, +0.39, 1.19%)

[15:40] {Threei} poor MRO buyers

[15:41] {bkhmd} Agreed

[15:41] {Threei} what's got into AONE

[15:43] {magoo} well have u ever tried er um traded it?

[15:43] {Threei} AONE?

[15:43] {Threei} kidding?

[15:43] {Threei} I cvalled it for you

[15:44] {Threei} on its very first IPO day

[15:49] {Threei} late day momo

[15:49] {Threei} will be a player tomorrow

[15:49] {dino} cov ghm .51, +.33

[15:49] {magoo} if JPM reports blow out #...dow 10k

[15:50] {magoo} tomorrow

[15:50] {dino} we're only 120 away

[15:50] {nemo} if JPM reports blow out numbers and market doesn't go..oh oh

[15:51] {nemo} JPM should blow the doors off though because of trading

[15:51] {dino} inin spiked

[15:53] {magoo} gun to vads head..id say jpm up

[15:54] {Threei} I don't predict earnings

[15:56] {dino} lol. "to vads head"

[15:56] {Threei} AMZN JPM out making pos comments, citing most recent comscore data that will be better than expected

[15:56] {Threei} - Note JPM rated AMZN as a Buy

[15:57] {Threei} (US) San Francisco Fed's Rudebusch: Recession "almost certainly" over

[15:57] {nemo} dino..shouldn't cause any damage if he gets shot there

[15:57] {bkhmd} bad nemo

[15:57] {bkhmd} lol

[15:57] {nemo} is there any other kind of "nemo"

[15:58] {magoo} u picked up on that dino

[15:58] {Threei} who wouldn't lol

[15:59] {dino} mstr out .50, +.27

[16:00] {Threei} OK guys, disgusting day

[16:00] {Threei} glad it's over

[16:00] {Threei} but hey, I got to kick nemo

[16:00] {Threei} and larisa wasn't here to protect him

[16:00] {dino} markets are busy couple minutes, then mind numbing for hours

[16:00] {Threei} oops, he missed that

[16:00] {Threei} nemo, for you:

[16:00] {Threei} 16:00] {Threei} OK guys, disgusting day

[16:00] {Threei} [16:00] {Threei} glad it's over

[16:00] {Threei} [16:00] {Threei} but hey, I got to kick nemo

[16:00] {Threei} [16:00] {Threei} and larisa wasn't here to protect him

[16:01] {Threei} that was about the only highlight of the day

[16:01] {nemo} glad to be of service...ow

[16:01] {Threei} have a good evening, we will get them tomorrow

[16:01] {bkhmd} take care all

[16:02] {nemo} akamai might be in play tomorrow too

[16:02] {Threei} I have some personal issue with it

[16:02] {nemo} sorry

[16:02] {Threei} whenever I try it, I lose 8 out of 10

[16:03] {Threei} don't know what it is about this stock

[16:03] {nemo} So...we lose 8 out of 10

[16:03] {lasertrev} gn all