Oct 14 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Careful restrained trading after losing day and starting out with fresh mind worked miracles. 4 calls, 4 wins one of which was HIG 60 cents profit - and room members found quite a few winning trades on their own and shared generously. One losing day difference maketh not.

Session Time: Wed Oct 14 00:00:00 2009

[08:20] {nemo} we break 10k yet?

[08:20] {Threei} {10K} yeah, I am broken... why oh why do you all hate me

[08:21] {nemo} nothin' personal...just business

[08:30] {Threei} *SEPT IMPORT PRICE INDEX M/M: 0.1% V 0.2%E; Y/Y: -12% V -11.4%E

[08:30] {Threei} SEPT ADVANCE RETAIL SALES: -1.5% V -2.1%E; EX AUTOS: 0.5% V 0.2%E

[08:30] {Threei} - Retail Sales Ex Auto&Gas: 0.4% v 0.2%e

[08:33] {fernp} Good morning everybody

[08:34] {Threei} fern :)'

[08:34] {larisa} gm :)

[08:34] {Threei} larisa :)

[08:35] {nemo} lari :)

[08:35] {nemo} fern :)

[08:35] {nemo} Dunedin :)

[08:39] {bkhmd} gm all

[08:39] {Threei} bkhmd :)

[08:39] {nemo} formally BKHMD :)

[08:40] {bkhmd} lol

[08:40] {Threei} wow

[08:40] {nemo} what wow?

[08:40] {bkhmd} cap locks were on when logging in hope it didnt offend anyone

[08:40] {Threei} I am amazed that I like your joke... second time in what, three days?

[08:40] {nemo} yeah...scary

[08:41] {nemo} Maybe you should go see a neurologist?

[08:43] {Threei} trying to take advantage of larisa being here this time?

[08:44] {cosmo} neurologist?

[08:44] {magoo} morning'

[08:44] {nemo} brain doctor cosmo

[08:44] {cosmo} lars?

[08:44] {Threei} magoo

[08:44] {cosmo} ah

[08:45] {nemo} I think she likes to be called "Lari" cosmo

[08:45] {cosmo} k

[08:45] {cosmo} my mistake

[08:45] {larisa} morning cosmo, do not change your ways please :)

[08:46] {nemo} happens to the best of us

[08:46] {cosmo} can't help it ... getting old

[08:46] {nemo} mags :)

[08:46] {strider} good morning. everyone

[08:46] {bkhmd} morning stride

[08:46] {Threei} strider :)

[08:46] {nemo} yeah...what he said

[08:46] {strider} :)

[08:50] {Raven} {}

[08:50] {Threei} R :)

[08:50] {nemo} equivocating again

[08:51] {Raven} T:)

[08:51] {Raven} just checking my pulse

[08:51] {Threei} it's there I take it?

[08:51] {Raven} erratic

[08:51] {Threei} as long as it's there...

[08:51] {Raven} good point

[08:51] {magoo} u in anything vad?

[08:51] {nemo} mmmmhhhh...apt description of my mental state Raven

[08:52] {Raven} clearly

[08:52] {Threei} let's try to calm it down by the magic force of art:

[08:52] {Threei} http://www.realitytrader.com/photography/2009/10/past-curfrew-part-ii.html

[08:52] {Threei} no mags

[08:52] {Threei} after INTC earnings took some AONE at .65 but dumped it at .90

[08:53] {Threei} woke up a bit late, could get 24 with change

[08:56] {cosmo} cien

[08:56] {cosmo} 14.20 so far

[08:56] {cosmo} oops

[08:57] {Raven} nice harbor pics 3i ... but the cynic in me says "light pollution"

[08:58] {Threei} silence him down... he is too politically correct

[08:58] {Raven} I'll work on it

[09:08] {bkhmd} DOW 10K today?

[09:09] {Threei} just 12 points away

[09:09] {nemo} that's what everybody thinks

[09:09] {Threei} and, for all practical intends and purposes, it's already there

[09:09] {Threei} what does it matter whether actual numbers prints or not

[09:09] {lasertrev} morning

[09:09] {Threei} trev :)

[09:13] {Threei} as always with big gaps, main challenge is to recognize what we are dealing with: smakcdown, consolidation and continuation or staying locked up in narrow range

[09:14] {bkhmd} odds are?

[09:14] {Threei} got a coin to toss?

[09:14] {bkhmd} all of the above? lol

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:18] {strider} drys

[09:18] {KSystems} morning !

[09:18] {Threei} ks :)

[09:24] {Threei} JPM Exec: card losses in Chase portfolio could hit 10.5% - conf call comments

[09:25] {fernp} nice pics Vad

[09:25] {Threei} ty

[09:27] {ese} morning.....late getting here

[09:27] {Threei} ese :)

[09:27] {bkhmd} ese

[09:28] {bkhmd} dude u missed the big play

[09:29] {Threei} VRSK quick selloff

[09:29] {ese} what was it.....i'm feeling under the weather .....cold of some kind

[09:30] {bkhmd} ahhh joke no play

[09:30] {bkhmd} here we go

[09:30] {magoo} JPM drops

[09:31] {Threei} GNBT Announces USFDA Price Approval For Generex Oral-Lyn(TM) In The Treatment IND Program (0.78, +0.05, 6.85%)

[09:33] {dptl} good morning all

[09:33] {Threei} dp :)

[09:33] {Threei} Short Setup: JPM 47 break

[09:33] {magoo} missed

[09:33] {nemo} me too

[09:33] {bkhmd} same

[09:33] {magoo} my quotes stucki

[09:34] {fernp} stop Vad?

[09:34] {Threei} .15 - .20

[09:34] {Threei} 1:1

[09:34] {fernp} out here ty

[09:35] {Threei} :)

[09:37] {nemo} $ pummeled again

[09:38] {Threei} JPM Dimon: Consumer protection agency will be "damaging"; will cost customers

[09:38] {nemo} I guess the last few haven't been damaging

[09:40] {nemo} years...that is

[09:44] {Threei} LVS

[09:45] {Threei} quick dive into .15 for long

[09:45] {Threei} with stop under .10

[09:45] {Threei} first strength from here

[09:47] {strider} you in?

[09:47] {fernp} grabbed +.05 TY

[09:47] {Threei} .17

[09:49] {dino} cetv

[09:51] {fernp} shorted EBAY .29 w/stop above .35

[09:52] {dino} cetv sm l .15

[09:53] {Threei} LVS 1:1

[09:53] {Threei} out .30

[10:00] {strider} .

[10:00] {strider} yep. still here.

[10:00] {nemo} ?

[10:00] {nemo} shucks

[10:00] {strider} thought I was making another point?

[10:01] {nemo} jnpr vad?

[10:02] {strider} short JPM @ .80

[10:02] {Threei} not enough activity on it

[10:03] {fernp} FAS vertical

[10:05] {Threei} Long Setup: INTC .05 break

[10:06] {Threei} stop for scalpers under 21

[10:06] {Threei} for day traders under 20.90

[10:08] {Threei} this is "against the most popular opinion" play

[10:09] {dino} cetv stopped

[10:10] {dino} rovi sm l .50

[10:10] {fernp} in

[10:12] {fernp} out EBAY +.12

[10:14] {Threei} INTC 1:1 for scalpers

[10:14] {nemo} thought it invalidated for scalpers?

[10:14] {fernp} ty ty again again

[10:14] {Threei} lol fern

[10:14] {bkhmd} out thanks

[10:15] {Threei} that's 3 for 3

[10:16] {ese} GAME is in the game

[10:16] {Threei} recent IPO

[10:16] {ese} yes

[10:16] {ese} doesn't have a ceo shooting his mouth off though the first day to tank the stock

[10:17] {Threei} lol

[10:17] {Threei} no kidding... that remark by VRSK CEO was the weirdest thing

[10:17] {ese} bizzare........young guns i uess

[10:17] {ese} guess

[10:17] {Threei} or senility setting in

[10:18] {nemo} wag short?

[10:18] {nemo} eh...not much of a range

[10:19] {Threei} strider, you covered JPM?

[10:20] {strider} .69

[10:20] {Threei} good job

[10:20] {bkhmd} awsome Stride

[10:20] {strider} FWIW, I'm papertrading my own calls today....as penance for my foolishness yesterday.

[10:21] {ese} stalking fslr

[10:21] {Threei} Japan Trade Min: may need to consider carbon tax

[10:21] {Threei} hmmm... idicoy is not contained to any side of the ocean

[10:21] {Threei} idiocy

[10:22] {dino} meanwhile hottest temp. on record occurred in 1998

[10:22] {Threei} yup, and last 10 years we have steady dropping temps

[10:22] {fernp} Vad, I'm long LUV from .71 my 1:1 is here, do you see more uptrend if breaks .76?

[10:23] {Threei} chart is a beauty fern

[10:23] {Threei} question is whether market helps

[10:24] {Threei} if you got enough shares for partial, I'd do that

[10:24] {Threei} and with stop under .70, what's your risk

[10:24] {fernp} im gonna sell 500 here

[10:24] {Threei} daily is too good to let this chance go

[10:24] {nemo} .70 is R1 off the pivot fern

[10:24] {Threei} and if market says not this time, so be it

[10:24] {fernp} thanks

[10:25] {nemo} Mmmmhhhh....Yul Brynner..10 Commandments

[10:25] {strider} ese, FSLR scary

[10:26] {ese} definately strider.....

[10:26] {Threei} but ese is also known as Intrepid

[10:27] {ese} not show up at the moment........lots of time lots of time.....

[10:27] {nemo} thought that was magoo

[10:27] {fernp} WAG short wasn't bad idea

[10:27] {nemo} my second broken clock moment

[10:27] {fernp} second?

[10:27] {nemo} oh...I saw JNPR at .95

[10:28] {nemo} sorry

06[10:28] * magoo slaps nemo around a bit with a large trout

[10:28] {fernp} true

[10:28] {nemo} mags...you know how psychologically damaging that is...

[10:28] {ese} not show up? not showing up(from last post)

[10:29] {bkhmd} stt double bottom?

[10:29] {Threei} totally market dependent

[10:30] {Threei} and rather looks like breakdown to me

[10:30] {bkhmd} ty

[10:31] {Threei} I'd put it this way:

[10:31] {Threei} worth a short if market goes down, not worth long if market goes up

[10:32] {bkhmd} ty

[10:32] {bkhmd} break of .39?

[10:32] {strider} drys similar

[10:32] {Threei} break of .40

[10:32] {Threei} and be nimble size wise, it's a thin stock

[10:32] {fernp} out LUV 2:1

[10:33] {fernp} ty Vad

[10:33] {Threei} good job fern

[10:33] {bkhmd} gj

[10:33] {fernp} ty

[10:33] {ese} good one fern

[10:33] {fernp} :)

[10:33] {Threei} fern is back with vengeance

[10:34] {fernp} no no. I am calm

[10:35] {strider} leap a leaping

[10:36] {bkhmd} nice surge in market

[10:36] {nemo} $ dropping

[10:38] {strider} pwrd still getting it

[10:38] {nemo} aig didn't go with the surge

[10:39] {ese} l fslr .31

[10:40] {fernp} you still in INTC, Vad?

[10:40] {Threei} half

[10:40] {Threei} trailed to under 21

[10:40] {fernp} original entry point here

[10:40] {Threei} want to see if it wants to surprize everyone

[10:41] {fernp} go with you again (half lot)

[10:42] {strider} ese, your stop below 147?

[10:43] {strider} wow

[10:44] {ese} out fslr.03 sm 1k +72

[10:44] {strider} great

[10:45] {ese} no physical stop.....it bounces around too much

[10:45] {strider} k

[10:45] {bkhmd} Ese SM means Small lot?

[10:45] {ese} yes

[10:45] {bkhmd} thanks bro

[10:46] {Threei} CSIQ Analysts at Credit Suisse comment in name; Remain cautious in name as higher shipment levels not seen boosting earnings levels (timing uncertain) (17.19, -0.35, -2.00%)

[10:46] {ese} your welcome.......got that definition from dino though

[10:46] {Threei} CSIQ is red in the sea of green

[10:47] {Threei} a bit too thin

[10:47] {Threei} but overall, when market gives up it's a good short candidate

[10:47] {dino} raised guidance too

[10:47] {Threei} perfect

[10:47] {nemo} JNJ Vad?

[10:47] {dino} issuing 6 m shares

[10:47] {dino} csiq

[10:48] {Threei} no idea emo

[10:48] {bkhmd} Trades mostly 100 share lots am i reading that correctly?

[10:50] {Threei} I am not sure what the question is bkhmd...

[10:51] {Threei} do you really need us to confirm you know how 1 is different form 2?

[10:51] {nemo} whoa...

[10:51] {Threei} I know nemo does

[10:51] {nemo} remember...he's new

[10:51] {bkhmd} no thanks Vad

[10:51] {Threei} well... consider it's a rite of passage

[10:52] {Threei} oh good... I don't believe I could handle two nemos

[10:54] {strider} driv?

[10:54] {Threei} chart is short on .40 break...

[10:54] {Threei} but heck, it's beaten down so badly

[10:54] {Threei} not sure

[10:54] {strider} you soft-hearted guy

[10:54] {Threei} lol... yeah, that's me

[10:55] {Threei} what I don't like about DRIV here the most

[10:55] {Threei} see how thin it became vs all the hyperactive trading over last couple days?

[10:55] {ese} l fslr .19

[10:56] {Threei} small sizes, no smooth constant stream of prints

[10:56] {Threei} this may result in such sudden move, it's simply a too dangerous stock in uncertain market

[10:56] {bkhmd} thats what i was asking in my previous question Vad lot sizes I had my time and sales set up wrong

[10:57] {ese} out fslr .51 +.32

[10:57] {fernp} really good job, ese

[10:57] {Threei} you can regulate printas to show 100 or 1 etc?

[10:58] {ese} tks

[10:58] {Threei} must be specific to your broker then

[10:58] {bkhmd} yea I figured it out had it set up wrong

[10:58] {Threei} no such option with Laser

[10:58] {Threei} which makes it simpler,less room for wrrors :)

[10:58] {Threei} errors too

[10:58] {strider} you got to watch out for those wrrors..

[10:59] {Threei} I tried

[10:59] {Threei} but there are just too many of them

[10:59] {Threei} so I gave up

[10:59] {ese} fslr....why you little........

[11:00] {bkhmd} lol

[11:01] {Threei} (RU) Putin: premature to adopt sanctions against Iran

[11:01] {nemo} it's only been what....7 8 years

[11:02] {Threei} No point trying to scare Iran with sanction talks

[11:02] {nemo} hurt their feelings

[11:02] {Threei} what doesa he suggest then?

[11:02] {nemo} hah...frickin JNJ

[11:03] {Threei} Long Setup: AIG .60 break if stays above .50

[11:03] {Threei} only for adventurous souls

[11:04] {dino} cetv last try, .00 sm l

[11:05] {Threei} fern... INTC is above 1:1 if you wanted to scalp it

[11:05] {Threei} I'll hold that half

[11:06] {fernp} lol, I was writing this... my 1:1 in INTC is here again, Vad. Can I sell or must stay with you?

[11:06] {Threei} AIG invalidated

[11:06] {Threei} ummm... no such thing as must :)

[11:07] {fernp} I am out TY

[11:07] {Threei} my game plan is:

[11:07] {Threei} risk is minimal for this swecond half at this point, and profit secured by selling first half makes it non-existent,

[11:08] {Threei} and everyone believes market is done going up,

[11:08] {Threei} and INTC is blow-off top here

[11:08] {Threei} so I want to see if market ad INTC fool that "everyone", with no risk to myself

[11:09] {fernp} good point

[11:09] {larisa} risk in minimal, what about reward :)

[11:09] {Threei} reward... well, if INTC goes for surprize run, I'd say 21.40 minimum

[11:15] {fernp} AIG big drop

[11:15] {bkhmd} with huge volume

[11:16] {Threei} no news

[11:16] {Threei} unless AIG insured AutoVaz

[11:17] {Threei} AvtoVAZ Head of State Audit Chamber: Avtovaz on brink of bankruptcy

[11:17] {Threei} **Note: On 10/05, Russian PM Putin said that govt will not let Avtovaz fail (RIA Novosti). Back on 10/3, Putin threatened to reduce Renault's 25% stake in Avtovaz if the French company fails to help fund Russia's biggest carmaker.

[11:19] {Threei} so, out of 3 ways we defined before opening, market picked 4th

[11:19] {Threei} dropped a bit,

[11:19] {Threei} stayed solidly green,

[11:20] {Threei} and remains locked in narrow range

[11:20] {Threei} so it reconciled all three

[11:20] {nemo} speaking of locked range...jnpr

[11:21] {Threei} this is one potentially explosive chart

[11:21] {nemo} which one?

[11:21] {Threei} your JNPR

[11:21] {nemo} oh...

[11:22] {nemo} I'm going to get a cup of coffee, so get ready

[11:22] {patience} .

[11:28] {Threei} hmm

[11:29] {Threei} market moved up, any stock followed??

[11:29] {nemo} hymn

[11:29] {nemo} not really

[11:29] {Threei} none of what I was watching

[11:29] {nemo} iyf did

[11:29] {larisa} CAT only :)

[11:29] {Threei} that one I didn't watch

[11:29] {nemo} looks like a short now

[11:30] {Threei} (RU) Russian Fin Ministry decides not to give Iceland $500M loan

[11:30] {bkhmd} abt news must have been huge

[11:30] {Threei} what for, they are in first three best places to live

[11:31] {Threei} ABT good earnings, good gyuidance

[11:35] {strider} Famous quote of the day: Discomfort and profit go hand in hand.

[11:35] {strider} Who said that?

[11:35] {nemo} Livermore

[11:35] {larisa} like losses give you comfort :)

[11:36] {strider} adjusts himself on his seat of nails

06[11:37] * Threei slaps nemo around a bit with a large book of Techniques of Tape Reading

[11:37] {strider} Actually, Vad said it also. I think Livermore must have got it from him.

[11:37] {strider} :)

[11:37] {nemo} Sorry...I always get you two legends mixed up

[11:38] {larisa} lol

[11:44] {strider} BATS is down, fyi

[11:46] {Threei} I don't think I ever used it

[11:49] {dino} march 29,1999; dow 10k 1st time

[11:49] {strider} C pushing toward $5

[11:50] {magoo} C reports tomorrow after bell

[11:50] {magoo} closing bell

[11:51] {magoo} GS GOOG C IBM

[11:51] {magoo} bring trading cape, helmet and goggles

[11:55] {dino} nvec

[11:56] {strider} lvs losing it

[11:56] {strider} it got better though

[11:57] {Threei} reminder to myself: wait for Larisa to mention HIG and buy all you can

[12:00] {Threei} HIG is holding very well, comparing to AIG

[12:00] {Threei} and JNPR is still there

[12:01] {nemo} had that obligatory shakeout to .30

[12:02] {strider} lvs short @ .84?

[12:02] {nemo} lvs

[12:02] {Threei} not sure

[12:02] {Threei} can turn into double bottom easy

[12:03] {nemo} yeah, looks like crescendo/capitualtion buying on that last downspike

[12:03] {strider} ??

[12:03] {strider} introducing new terms here: crescendo

[12:04] {nemo} volume spike on that drop from .95...sorry, thinking of Handel's Water Music

[12:04] {strider} =falling very loudly?

[12:04] {strider} good term...

[12:04] {nemo} yeah like an m855

[12:05] {strider} re: yesterday...I've never had any trouble with m855...Colt Sporter upper

[12:06] {nemo} some can handle both chamberings, some can't

[12:06] {strider} no,, Bushmaster upper, colt sporter lower

[12:06] {nemo} Bushmaster...nice stuff

[12:06] {strider} yeah

[12:07] {Threei} larisa... say HIG

[12:07] {nemo} god bless you

[12:07] {nemo} ooohhh, break of .50

[12:08] {dino} rovi to .25

[12:09] {strider} darn crescendo candle--lvs

[12:09] {dino} out .27, +.77 rovi

[12:10] {Threei} nice

[12:11] {dino} thx

[12:13] {nemo} hig, what a tease

[12:14] {Threei} it needs larisa's word

[12:15] {Threei} see what I mean LVS?

[12:16] {Threei} trap for shorts

[12:16] {nemo} rovi kept going

[12:17] {dino} sm s nvec .00

[12:18] {nemo} definitely your kinda' stock

[12:18] {dino} funny, intc was all the talk, up .50 only

[12:18] {nemo} big offer hig

[12:18] {nemo} .49

[12:19] {dino} nemo, you say that w/such disapproval

[12:19] {nemo} you infer what I did not imply

[12:20] {dino} :)

[12:23] {Threei} Long Setup: HIG .50

[12:23] {Threei} if stays above .40,

[12:24] {Threei} above .45 for hardcore scalpers

[12:26] {fernp} in

[12:27] {nemo} that is really weird...I used smart route and it found nothing an cancelled on me

[12:27] {magoo} innnnnnn

[12:27] {Threei} pesky annoying troublemaking hardcore scalpers have 1:1

[12:27] {fernp} You know I am that pessky one

[12:27] {magoo} um...out

[12:27] {Threei} look what it routed through nemo

[12:28] {Threei} I bet it was MLCO

[12:28] {Threei} fern, mags, lol

[12:28] {nemo} no..tried direct buy...then arca...then nyse...then cancelled

[12:28] {Threei} shrug... there is a reason why I recomnmend NASDAQ route for listeds

[12:29] {fernp} are ther problems with routes?

[12:29] {Threei} BATS is down for a while

[12:29] {nemo} that's back up

[12:29] {Threei} but who needs it anyway?

[12:30] {fernp} ah! my ISLD order worked fine

[12:30] {Threei} same here

[12:30] {Threei} day traders have 1:1

[12:30] {bkhmd} ty Vad

[12:30] {Threei} welcome

[12:30] {Threei} that's 4 for 4

[12:31] {fernp} i am 7 for 7

[12:31] {fernp} time to relax...

[12:31] {Threei} I know

[12:31] {Threei} great recovery after yesterday

[12:31] {bkhmd} going back to simulator my orders are not being filled the way i expected

[12:31] {Threei} we always do

[12:31] {Threei} what broker do you use bkhmd?

[12:31] {dino} wtg vad

[12:31] {Threei} ty

[12:31] {bkhmd} using trade station

[12:32] {Threei} oooohhhh

[12:32] {Threei} good luck

[12:32] {Threei} you'll need it

[12:32] {bkhmd} ut ohhhhh

[12:32] {bkhmd} another fish slap?

[12:33] {Threei} nah... that broker will take care of that

[12:33] {nemo} nahhh

[12:33] {bkhmd} lol your Brutal vad nothing like in the book

[12:33] {bkhmd} lol

[12:33] {bkhmd} lol

[12:33] {Threei} for us to slap you would be very very redunant

[12:33] {nemo} repetitive too

[12:34] {Threei} repetitive repetitive is redundant redundant

[12:34] {Threei} you mean in the book I come out warm and fuzzy???

[12:34] {bkhmd} dRN DID i GET SLAPPED 4 TIMES?

[12:34] {nemo} NO!

[12:34] {bkhmd} oops sorry cold fingers hit t he caps again

[12:34] {Threei} for those who follow day trading routine on HIG,

[12:35] {Threei} you are half out and trailed to .49

[12:38] {bkhmd} its ok to ask a newbie question?

[12:38] {bkhmd} Long set up .50 is entry .51 correct?

[12:38] {nemo} at worst you get trouted

[12:39] {bkhmd} i left that out ask question without being hit in face with carp?

[12:39] {bkhmd} trout i can handle

[12:39] {nemo} entry is .50 unless he says "break" then it's .51

06[12:39] * magoo slaps bkhmd around a bit with a large trout

[12:39] {Threei} over 1:2 HIG

[12:39] {Threei} 1/4 more out

[12:39] {nemo} he said Carp?

[12:40] {Threei} nemo's answer is correct bkhmd

[12:40] {bkhmd} got it

[12:40] {Threei} I mean korreqt

[12:40] {bkhmd} and .40 was the stop

[12:40] {nemo} mmmhhh...

[12:40] {bkhmd} ?

[12:40] {Threei} just under

[12:40] {bkhmd} k

[12:40] {nemo} we practice threeish spelling around here

[12:40] {Threei} eqzaktly

[12:41] {strider} is this pig-russian?

[12:41] {nemo} pig Ukranian

[12:41] {nemo} aig break of .15?

[12:41] {Threei} no

[12:41] {nemo} no room for error there

[12:41] {bkhmd} ok no fault of trade station it was user error

[12:42] {nemo} usually the indian, not the arrow

[12:42] {Threei} don't worry... you'll have plenty of their faults

[12:42] {Threei} it's simply not a fast day trading broker

[12:42] {Threei} their designation is different

[12:42] {Threei} they are great at what they are designed for

[12:42] {nemo} and...

[12:42] {Threei} fast day trading is not it

[12:44] {dino} sm s pwrd .00

[12:45] {nemo} pwwrd might bounce in the .85 area

[12:45] {nemo} frickin' aig

[12:46] {dino} anything can happen

[12:47] {dino} mkt bounce pwrd to flat

[12:49] {fernp} Vad, I'm afraid you are not going to surprise anyone with INTC. It is losing lod

[12:49] {Threei} nope

[12:49] {Threei} stopped long ago

[12:49] {fernp} i know

[12:54] {dino} intc gap 20.49

[12:59] {Threei} HIG is coming on 1:3

[13:00] {Threei} stop is under .60 at this point

[13:00] {Threei} next decision to ake is to sell last portion at .80 or trail

[13:00] {Threei} IMO, let's trail and try for closer to .90

[13:01] {magoo} nice oine..i took .75 tho

[13:01] {magoo} ty

[13:01] {Threei} welcome sir

[13:01] {Threei} see bkhmd... I CAN be warm and fuzzy

[13:01] {Threei} I just chose not to

[13:02] {Threei} US) Reportedly House panel has rejected measure to give CFTC authority over margins

[13:02] {Threei} - Amendment adopted by the panel would preserve margin oversight with exchanges rather than the CFTC

[13:02] {Threei} US) House Democrats are finalizing two key amendments on financial oversight rules, including on bank exams and preemption - WSJ

[13:05] {Threei} (US) Fed's Tarullo: Banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor - comments ahead of Congressional testimony

[13:05] {Threei} - Testimony released before 2:30pmET appearance before Senate panel

[13:05] {Threei} - Key trouble spots remain in financial system; banks have learned a hard but valuable lessons

[13:05] {Threei} ummm

[13:05] {Threei} to put it politely,

[13:05] {Threei} what a load of crap

[13:05] {nemo} Yeah...how to @&$! the taxpayer

[13:06] {Threei} valuable lesson is, if you lend to those who can't repay you back, you re going to screwed?

[13:06] {Threei} or, when you are taxpayer will bail you out?

[13:07] {Threei} 'cause you know, first lesson is something they could understand without actually doing it

[13:07] {nemo} gotta' get out the party hats and noisemakers for 10K...

[13:07] {nemo} ...not

[13:07] {Threei} and second, if learned well... do we know that to be a lesson they take out of it?

[13:08] {Threei} less than 7 points left

[13:08] {bkhmd} nice on the DOW

[13:08] {strider} 0nnn

[13:09] {strider} vad, BAC?

[13:10] {Threei} this thing is so narrow lately...

[13:10] {Threei} it's a turture

[13:10] {Threei} torture too

[13:10] {Threei} used to be very perky

[13:10] {bkhmd} how long do you have to be on the board b4 u can start the fish slaps?

[13:11] {nemo} 3 years

[13:11] {Threei} it's not a matter of seniority

[13:11] {Threei} it's a simple matter of

[13:11] {Threei} do you feel lucky?

[13:11] {Threei} do ya?

[13:11] {nemo} a config file

[13:11] {nemo} punk

[13:11] {bkhmd} you have the juice to kick form the room your spared

[13:11] {Threei} picture nemo with his hand on a holster, saying:

[13:11] {fernp} great trade HIG. Vad, I am suffering "pesky scalper's regret" :(

[13:11] {Threei} go ahead punk, make my day

[13:12] {nemo} $ dropping

[13:12] {bkhmd} {---Slaps Vad witha good smelling fish

[13:12] {Threei} this particular one did feel like seriously capable of more

[13:12] {dino} pwrd to .85

[13:13] {strider} pressure building on BAC

[13:13] {dino} cov pwrd +.15

[13:14] {Threei} 3 points to 10K

[13:14] {nemo} here comes 10k

[13:15] {Threei} what is the most important lesson of yesterday and today, in your eyes?

[13:15] {magoo} dow 9999

[13:15] {Threei} and .22

[13:15] {dino} never give up

[13:16] {dino} fmx

[13:16] {nemo} this is worse than hig

[13:17] {Threei} never mind a losing day

[13:17] {Threei} it means nothing

[13:17] {strider} close but no cigar, DOW

[13:17] {Threei} control your losses, come back woth clear mind and trade

[13:17] {fernp} if you control your losses

[13:17] {fernp} ooops!

[13:17] {Threei} :)

[13:18] {Threei} leave desperation and handwrigning to amateurs

[13:20] {bkhmd} another run at it

[13:21] {ese} hey all.....am calling it a day....have been laying down most of the morning not feeling great......hopefully catch you tomorrow

[13:21] {bkhmd} get well

[13:21] {Threei} take care ese, get well

[13:21] {ese} tks bk

[13:21] {ese} cya vad

[13:22] {fernp} bye ese

[13:30] {strider} fmx interesting reversal

[13:31] {dino} and i missed it

[13:31] {strider} that was what was unusual about it

[13:31] {strider} :)

[13:33] {dino} lol

[13:39] {magoo} PFE on the movw

[13:39] {fernp} I'm going to take the rest of the day off. Have a nice evening everybody. See you all tomorrow

[13:39] {Threei} no news that I see

[13:39] {Threei} take care fern

[13:39] {Threei} good idea actually

[13:39] {bkhmd} later fern

[13:39] {Threei} I wish nemo'd let me go home

[13:40] {fernp} lol

[13:40] {Threei} US Rep Frank: Consumer Protection Agency bill to be voted upon tommorow

[13:41] {nemo} YOu can go home Vad...

[13:41] {Threei} I can?

[13:41] {Threei} no shooting in the back?

[13:41] {nemo} no promises

[13:41] {Threei} door is not rigged with explosives?

[13:42] {nemo} too noisy

[13:42] {nemo} shhhhh......(poison on the door knob)

[13:42] {Threei} HIG UBS Resumed HIG with Buy

[13:42] {Threei} lol, thank you, we already bought

[13:43] {nemo} Got that idea from "The Name of the Rose"...kinda' sorta'

[13:43] {bkhmd} lol

[13:43] {bkhmd} so did they Vad

[13:43] {dino} nvec stopped flat

[13:43] {dino} irdm

[13:43] {Threei} same coverage by UBS for 4 more names

[13:44] {nemo} who owns them now?

[13:44] {Threei} Iguess they just have trainees learning "resumed with buy" button

[13:44] {strider} haha

[13:44] {bkhmd} easy button

[13:45] {strider} crox?

[13:45] {Threei} not bad chart... just too big chance to struggle for 5 cents

[13:46] {strider} yep. t'anks

[13:46] {Threei} spike at 11:45 was on takeover rumor

[13:46] {strider} do you use 'fly on the wall', Vad?

[13:46] {Threei} ever after that it moved 3 cets up, 2 down

[13:46] {Threei} no

[13:57] {Threei} INTC inverse C&H

[13:58] {bkhmd} bearish?

[13:58] {nemo} yep

[13:58] {dino} fmx l .00

[14:06] {strider} gld spike

[14:14] {Threei} MINUTE OF SEPT 23 FOMC MEETING: OVERALL ACTIVITY IS PICKING UP; job losses are slowing noticeably from earlier in the year

[14:15] {Threei} Seeing indications of improvement; economic slack to be substantial over next few years

[14:15] {Threei} - Many FOMC economists upwardly revise economic projections for 2H; sales and starts of homes provided evidence of some firming in housing activity.

[14:15] {Threei} - FOMC members predict unemployment not likely to fall 'appreciably'; Fed economists forecasting unemployment to fall to 9.25% by end of 2010 and 8% by end of 2011.

[14:15] {Threei} - Some members open to expanding some MBS purchases, one member recommended cutting $1.3T in MBS purchases

[14:15] {Threei} - highlights that term deposit facility could be used to withdraw stimulus

[14:17] {bkhmd} where is INTC going

[14:17] {Threei} down?

[14:18] {nemo} interesting to see where that bellewether ends up.

[14:19] {Threei} Market Internals update at 12:00pmET

[14:19] {Threei} - NYSE volume 700M shares, about 2% below its three-month average; advancers lead decliners by 4.6:1.

[14:19] {Threei} - NASDAQ volume 1.51B shares, about 3% above its three-month average; advancers lead decliners by 2.4:1.

[14:19] {Threei} - VIX index -1.1% to just over 22.50

[14:22] {dino} gri, thin

[14:22] {nemo} ewwwwww....if you're calling it thin, must be anorexic

[14:23] {dino} 6k

[14:23] {nemo} 6k...oy vay

[14:24] {Threei} lol

[14:24] {Threei} crap... this is getting truly bothersome

[14:24] {Threei} this was THIRD nemo's joke I liked

[14:25] {Threei} in as many days

[14:25] {bkhmd} lol

[14:25] {nemo} don't jump Vad

[14:25] {nemo} put the knives back in the drawer

[14:25] {nemo} Maybe.....

[14:26] {nemo} ...you should see an exorcist?

[14:26] {nemo} FCX Vad

[14:27] {Threei} nice volatility but I see no setups to call in time

[14:28] {nemo} yea...GLD forming balanced triangle

[14:29] {larisa} ok, market proved Cramer wrong, 10K is here, now lets sell to 9K :)

[14:29] {nemo} what did JC say?

[14:29] {Threei} see? these sudden spikes up and down with no rythm

[14:29] {nemo} yes

[14:30] {larisa} he said 9K before 10K

[14:30] {larisa} when it was 9800

[14:30] {nemo} oh

[14:30] {Threei} well, if hostory is any indication, market will wait now for him to say 11K, then sell to 9

[14:30] {nemo} When I see him I feel like Vad when he sees me

[14:31] {Threei} oh my... 4th!!!

[14:31] {nemo} Now I'm scared

[14:31] {Threei} you scared? imagine how I feel

[14:33] {Threei} FDIC Bair: Number of problem banks and bank failures to remain high for next several quarters

[14:33] {Threei} - Unemployment may rise even as the economy returns to growth

[14:33] {Threei} - Recent data shows that credit markets are returning to normal

[14:33] {Threei} - May need to redirect support efforts to aid small businesses

[14:34] {Threei} guess who is on TV

[14:34] {nemo} Hillary Swank?

[14:34] {Threei} unfamilar name, I don't know whether you wish or not

[14:34] {nemo} "Million Dollar Baby"

[14:35] {Threei} missed that one

[14:35] {nemo} Good movie...Clint

[14:35] {larisa} she won the Oscar

[14:35] {nemo} yeah

[14:36] {Threei} OK, Google says you wish

[14:36] {dino} intc lod

[14:36] {larisa} http://z.about.com/d/fashion/1/7/Y/L/1/77thPack_T001.jpg

[14:37] {nemo} Lari :)

[14:37] {larisa} I do not really like her face, but back is awesome :)

[14:37] {nemo} Who's face do you like?

[14:38] {dino} same larisa

[14:38] {Threei} FSLR S&P sets date for FSLR to replace WYE in the S&P 500 for tommorow

[14:38] {Threei} - hearing analysts suggest indexers will need to buy nearly 5M shares of FSLR

[14:38] {nemo} so sell?

[14:41] {Raven} thanks larisa ... my pulse just came back

[14:41] {larisa} :)

[14:41] {Raven} :)

[14:43] {nemo} gld breaking down?

[14:45] {Threei} only as much as market overall does

[14:45] {dino} fmx stopped -.03

[14:48] {nemo} see GMCR Dino?

[14:48] {nemo} buyout rumor subsequently shot down

[14:49] {strider} aone rinse

[14:50] {dino} and that makes it go up?

[14:51] {nemo} yep

[14:51] {dino} odd\

[14:51] {nemo} I am not!

[14:52] {Threei} HAH!

[14:52] {nemo} took you long enough

[14:53] {nemo} stuck my chin out and nobody hit it

[14:53] {bkhmd} didnt want to get hit witha fish

[14:53] {nemo} you'll get the rythm

[14:53] {Threei} yeah

[14:53] {Threei} chin-fish

[14:54] {Threei} chin-fish

[14:54] {nemo} FCX Va?

[14:54] {Threei} whak-a-mole

[14:54] {Threei} if market spikes, try to grab it

[14:54] {Threei} as close to 76 as possible

[14:54] {dino} rovi l .35

[14:55] {strider} what's the setup? fcx

[14:55] {Threei} don't count on mkucn thous, market spikes are very short-lived right now

[14:55] {Threei} both directions

[14:55] {nemo} fcx not playing nice

[14:56] {strider} small ascending triangle?

[14:56] {nemo} what? FCX?

[14:56] {strider} yea

[14:57] {nemo} oh..o.k.

[14:57] {nemo} yeah...stop was a little too wide

[14:59] {strider} payx

[14:59] {Threei} CROX Hearing Sterne Agee skeptical on recent market rumors speculating on CROX as a takeover target (timing uncertain) (7.75, +0.37, 5.01%)

[15:04] {bkhmd} hit it

[15:04] {magoo} 10K

[15:04] {magoo} KKKKKKKKKK

[15:05] {bkhmd} Nice call on FCX Nemo

[15:06] {nemo} wow....4 or 5 broken clock moments today

[15:06] {Threei} I'll tell you what wow

[15:06] {magoo} alot of foolery at 10k here

[15:07] {Threei} I forgot about last portion HIG

[15:07] {nemo} WOW!

[15:07] {Threei} that's real wow

[15:07] {Threei} out +.60

[15:07] {nemo} yeah, I've got order entry remorse on that one

[15:07] {strider} I think you should send that back, vad.

[15:08] {Threei} I so will not

[15:08] {nemo} Yeah, it's time

[15:08] {Threei} pry it from my cold dead hands

06[15:08] * nemo slaps Threei around a bit with a large reminder against Indecent Profits!!!

[15:08] {nemo} by the way

[15:08] {nemo} GMCR might be s short here

[15:10] {bkhmd} nemo break of .70?

[15:10] {nemo} break of .80

[15:10] {nemo} it's already going

[15:10] {bkhmd} yea missed it

[15:11] {nemo} I saw it at the last minute

[15:11] {bkhmd} slap urself with fish

[15:11] {bkhmd} i dont have enough time on board to do it

[15:11] {nemo} that's fratricide

[15:11] {magoo} watch GS..mkt leader

[15:12] {Threei} HIG's unbelievable

[15:13] {dino} rovi to .46

[15:14] {strider} gmcr!

[15:14] {nemo} yeah

[15:14] {nemo} had that look

[15:15] {strider} Is that the famous 'looks like it's going down' setup?

[15:15] {nemo} one of them

[15:15] {nemo} You should see the stocks Dino shorts

[15:15] {nemo} I look at the chart and see a Rorschach test....sheesh

[15:16] {strider} nemo's buying drinks tonight

[15:17] {Threei} 34% Say U.S. is Heading in Right Direction

[15:18] {cosmo} the glass is 1/3 full

[15:19] {nemo} Yeah, but full of what?

[15:19] {dino} acor halted today, pending fda

[15:20] {magoo} AIG possible RIP

[15:20] {magoo} RISKY

[15:20] {strider} rip?

[15:20] {magoo} upward explosion

[15:20] {Threei} explosive move up

[15:21] {strider} oh, RIPPPP!

[15:21] {dino} lufk

[15:21] {Threei} magoo's euphemism for "honey, I made a crapload of money, pack your things"

[15:23] {nemo} hey Vad....

[15:23] {nemo} you used a 4 syllable word

[15:24] {Threei} but I consulted the dictionary

[15:24] {Threei} where I found the word :dictionary" as well btw

[15:24] {nemo} Yeah...it's on the front

[15:25] {Threei} nope,,, cover is torn off

[15:25] {strider} hig...sheesh

[15:25] {nemo} yeah, market rip coming?

[15:26] {larisa} nah

[15:27] {dino} gas rip maybe

[15:27] {larisa} oh oh

[15:27] {Threei} lol

[15:27] {strider} too much information

[15:27] {Threei} mama mia... HIG decided to make a full dollar from out entry

[15:27] {nemo} frickin'stec, I bring up the chart and bang!

[15:28] {dino} rovi to .55

[15:28] {nemo} so Lari...

[15:28] {Threei} ACOR FDA Panel votes 12-1 that Fampridine-SR has benefits, improves walking ability in Multiple Sclerosis patients

[15:28] {nemo} we're up 12 points since "Nah"

[15:28] {Threei} halted :(

[15:28] {strider} what?

[15:29] {Threei} (US) Economist Joseph Economist Stiglitz: Govt should "think twice" about intervening to prop up USD

[15:29] {larisa} I added oh oh just in case

[15:29] {Threei} yeah, let' it drop into abyss

[15:29] {nemo} they're not supporting it...what's the issue

[15:29] {Threei} who needs sound currency anyway

[15:29] {Threei} Zimbabwe seems to be doing just fine

[15:29] {bkhmd} good call nemo

[15:30] {nemo} as long as you have wheelbarrows to cart it around in

[15:30] {magoo} AIG careful..drilled in upward mkt

[15:30] {magoo} drilled=crushed

[15:30] {dino} govt is not bigger than the cuurency markets, it never holds

[15:30] {dino} has to be budget issues

[15:34] {dino} rovi to .67

[15:35] {dino} to .75

[15:36] {nemo} Lari.....look

[15:36] {dino} out .77 ave, +.43

[15:37] {larisa} its not ripping.. rather sleepwalking

[15:38] {larisa} gj dino

[15:38] {nemo} tomato tomahto

[15:39] {dino} ty

[15:41] {dino} mstr sm l .98

[15:46] {Threei} CIT Group Inc Reportedly getting closer to a finalized deal for a new loan facility estimated at $3-6.5B; could come as soon as this week - unconfirmed report

[15:46] {Threei} - Company would reportedly use most of loan to repay existing debt

[15:46] {Threei} - Bank of America has reportedly arranged the facility

[15:46] {dino} what do you make of intc?

[15:47] {Threei} hard to tell

[15:47] {Threei} slid intgraday but still finishes up

[15:47] {dino} c'mon, you've known me for years

[15:48] {nemo} your poit?

[15:48] {nemo} point?

[15:48] {dino} just tell me\

[15:48] {Threei} probably will lose its own momentum and trade with the rest of the market as next earnings appear

[15:48] {Threei} we have a lot of significant ones to report

[15:49] {nemo} tomorrow big day

[15:49] {dino} strange reaction, as tech rocked on it

[15:49] {nemo} hey Lari

[15:50] {larisa} sleepcrawling even

[15:50] {nemo} yep

[15:50] {Threei} White House: Pres Obama does support a $250 payment to seniors and veterans

[15:50] {Threei} - payment may include approx 57M individuals

[15:50] {nemo} for what?

[15:51] {Threei} who cares

[15:51] {Threei} let's just give everything to everyone

[15:51] {Threei} starting with banks

[15:51] {strider} just send it on, barack

[15:51] {strider} I hope he has my address

[15:51] {Threei} and ending with lowlife day traders

[15:51] {Threei} and pesky scalpers

[15:51] {larisa} you are senior strider?

[15:51] {strider} 61

[15:52] {Threei} program could cost $13B

[15:52] {Threei} see? nithing

[15:52] {Threei} comparing to all the largesse

[15:53] {strider} using those 50 cent words again......largesse

[15:53] {dino} spend spend spend

[15:53] {bkhmd} tax tax tax?

[15:53] {Threei} yeah... tomorrow never comes

[15:54] {Threei} strider... it's nothing.. at some point I will switch from dictionary to thesaurus, and then you'll see real progress

[15:54] {dino} whats another 13 billion anyway, he says

[15:54] {Threei} even bigger than when I switched from pictionary to dictionary

[15:55] {bkhmd} hahahhah

[15:55] {bkhmd} hahahah

[15:55] {bkhmd} hhahahaha

[15:55] {nemo} easy kato

[15:56] {Threei} no significant earnings today

[15:56] {Threei} XLNX is the biggest name

[15:57] {Threei} tomorrow is rich day

[15:58] {Threei} before the open; C, GS, NOK

[15:58] {strider} oh good, I'll be here with my wheelbarrow

[15:58] {Threei} after close AMD, GOOG, IBM

[15:58] {dino} out mstr .25, +.27

[15:59] {Threei} Fri: BAC and GE

[15:59] {dino} intc lod

[15:59] {strider} Lazard stock halted

[15:59] {strider} Laszard CEO bruce wasserstein is dead

[15:59] {Threei} LAZ CEO Bruce Wasserstein has died -

[16:00] {bkhmd} Dont forget JC reports tomorrow too right?

[16:00] {bkhmd} lol

[16:00] {bkhmd} TSCM

[16:01] {Threei} I don't see JC tomorrow

[16:01] {bkhmd} TSCM

[16:01] {bkhmd} JC meaning Jim Cramer

[16:01] {dino} bkhmd, go to http://biz.yahoo.com/research/earncal/today.htlm

[16:01] {dptl} have a good evening all

[16:02] {larisa} bye :)

[16:02] {bkhmd} document expired Dino

[16:02] {nemo} buh bye

[16:02] {strider} adios amigos

[16:02] {magoo} ty all

[16:02] {bkhmd} good eve all

[16:02] {dino} viyo con dias

[16:02] {bkhmd} thanks Vad

[16:02] {strider} vaya

[16:02] {dino} i know i spelled that wrong

[16:03] {nemo} wow...Dino, you're illiterate in two languages

[16:03] {strider} whatever:)

[16:03] {dino} lol

[16:03] {strider} it's the thought that counts