Oct 19 2009
Strong start to the week with numerous wins, two or three small stops and couple strong plays for about 40 cents.
Session Time: Mon Oct 19 00:00:01 2009
[08:02] {KSystems} morning
[08:03] {strider} morning KS
[08:03] {magoo} morning
[08:09] {KSystems} hey strider, magoo
[08:10] {KSystems} and fern
[08:10] {KSystems} ;)
[08:10] {magoo} hi K
[08:10] {Threei} Good morning
[08:10] {magoo} can anyone log in laser yet? i cant
[08:10] {magoo} hi vad
[08:10] {Threei} logged in fine here
[08:10] {magoo} sigh..great
[08:11] {Threei} VVUS
[08:11] {Threei} NYT article comments on new obesity drugs
[08:11] {Threei} - Notes the market has been most excited about Vivus' QNEXA.
[08:11] {Threei} - Orexigen's obesity treatment CONTRAVE and Arena's LORCASERIN have underperformed Vivus' QNEXA in trials.
[08:11] {Threei} - One challenge for QNEXA might be safety as the drug contains phentermine (which was part of the notorious fen-phen combination) and topiramate which makes people feel satiated.
[08:11] {Threei} - According to Vivus, QNEXA has only small quantities of phentermine and topiramate.
[08:11] {Threei} - Some doctors are already prescribing phentermine and topiramate separately, which could hurt sales of QNEXA.
[08:11] {magoo} ok..getting in now..3rd try
[08:15] {magoo} POT news vad?
[08:18] {Threei} nothing fresh
[08:28] {Threei} TRBN
[08:28] {Threei} Trubion Pharmaceuticals Reports positive data from Phase IIb re-treatment Study of TRU-015
[08:28] {Threei} - Data from the open-label re-treatment phase of the Phase II b study demonstrate that repeat administration with TRU-015 is generally well-tolerated and results in sustained improvement in the signs and symptoms of RA
[08:31] {Threei} IMMU Awarded Three Grants by NIH to Develop New Agents for Imaging and Therapy of Cancer (4.82, 0.00, 0.00%)
[08:32] {nemo} GM
[08:32] {Threei} grants totalling $2.1M
[08:32] {Threei} nemo :)
[08:43] {Threei} stubborn seller at 5, IMMU
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:59] {cosmo} IDCC: # Nokia wins ITC ruling in case InterDigital filedat MarketWatch(Sun 5:08am)
[09:00] {Threei} CIT Group Inc Provides further details of amended restructuring plan - filing
[09:00] {Threei} - Offers to exchange debt for a pro rata portion of each of five series of its newly issued Series A secured notes and/or up to approximately 68.3 million shares of its newly issued preferred stock (**previously intended to issue 70M)
[09:00] {Threei} - Assuming 100% success in exchange offer, the New Preferred Stock issued will consist of approximately 68.3 million shares having an aggregate liquidation preference of approximately $95.6B and representing approximately 91.1% of the aggregate voting power of the Corporations capital stock (**prior liquidation preference value was $63B, prior voting power was 94%**)
[09:00] {Threei} - Bondholders to recieve between $700 and $1000 in cash and 0.35 and 2.8 preference shares for each $1,000 held ( **previously offered between $700-$900 in cash and 0.41- 3.26 in pref shares for each $1,000 held**)
[09:01] {Threei} Reportedly Carl Icahn to underwrite $6B loan to CIT
[09:06] {lasertrev} gm
[09:06] {Threei} trev :)
[09:07] {cosmo} IDCC pre mkt low = 22.10 fyi
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {strider} morning folken
[09:11] {Threei} strider :)
[09:11] {strider} 3i:)
[09:12] {_mreust} Good morning
[09:13] {Threei} morning mreust
[09:14] {Threei} FMCN Morgan Stanley Raised FMCN to Overweight from Equal Weight
[09:15] {Threei} does it mean FMCN needs VVUS' Onexa?
[09:15] {strider} groan
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:15] {nemo} how do yo put those together?
[09:15] {nemo} hi lark
[09:15] {nemo} lari
[09:15] {nemo} sori
[09:15] {larisa} :)
[09:16] {Threei} put together what?
[09:17] {nemo} fmcn w/vvus and onexa
[09:17] {Threei} sigh
[09:17] {Threei} Onexa is obesityt drug
[09:18] {Threei} VVUS tests Onexa
[09:18] {Threei} FMCN gor overweight rating
[09:18] {nemo} oh....
[09:18] {nemo} I'm thinking an advertising firm....???
[09:19] {Threei} too mkuch thinking for Monday morning
[09:19] {ese} GM
[09:19] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} here, nature magic helping to relax and diminish thinking:
[09:20] {Threei} http://www.realitytrader.com/photography/
[09:20] {ese} brain hurt
[09:20] {Threei} that's thinking, ese
[09:21] {Threei} it's harmful, painful and overall damaging
[09:21] {strider} [07:18] * Topic is 'Don't interrupt your brain's work by thinking'
[09:21] {Threei} yup
[09:23] {Threei} I don't have clear candidates for ther open
[09:24] {Threei} watching IMMU, VVUS, HIG, CIT
[09:25] {Threei} as it's often the case with Mondays, market seems a bit puzzled by itself
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Threei} so... not trying to find a trade immediately, giving it a few to see if something shapes up
[09:31] {magoo} aapl 2 point candle
[09:33] {Threei} USEG just won't quit
[09:33] {ese} athr
[09:34] {Threei} Long Setup: RIMM .90 break half lot if holding .80
[09:35] {Threei} over 1:1
[09:35] {fernp} too fast here
[09:35] {ese} missed it ...nice call
[09:35] {Threei} 1:2, out who got it
[09:35] {magoo} missed
[09:35] {strider} me too
[09:37] {_mreust} That was a great introduction to th room!
[09:37] {Threei} would be even better if it let more people in
[09:38] {magoo} xmas tree complete rimm
[09:38] {Threei} let's see if we get double bottom here
[09:39] {Threei} Long Setup: RIMM .95 break half lot
[09:39] {Threei} awww
[09:39] {Threei} too fast again
[09:39] {Threei} this time too fast even to type an alert
[09:39] {Threei} ok... off to something else
[09:41] {Threei} HIG, watch for pullback,
[09:41] {Threei} most likely entry zone is around .70
[09:42] {Threei} with stop under .60
[09:43] {strider} lmdia trying
[09:44] {ese} welcome mreust.....
[09:44] {Threei} HIG is getting there, get ready
[09:44] {magoo} mkts losing ground here
[09:45] {Threei} first strength from here
[09:45] {Threei} .70 break
[09:45] {Threei} if holding .60
[09:46] {fernp} in
[09:46] {Threei} big offer at .71
[09:46] {Threei} why not let it diccipate first
[09:48] {Threei} in
[09:48] {magoo} in
[09:48] {Threei} 1:1
[09:48] {fernp} ty
[09:48] {strider} out +.10 ty
[09:49] {Threei} you guys are relentless in your scalping zeal
[09:49] {Threei} {--- look who is talking
[09:49] {strider} market looks like crap:)
[09:49] {dino} vmi death roll continues
[09:51] {_mreust} Pretty good so far, especially for a Monday!!!
[09:51] {fernp} welcome aboard mreust
[09:52] {nemo} aig DB vad?
[09:52] {nemo} oops
[09:53] {strider} lmdia holding well against the market
[09:54] {Threei} doesn't look ready to me nemo
[09:55] {Threei} HIG feels a beter prospect
[09:55] {Threei} holding much better
[09:55] {Threei} actually, I'd repeat same setup on HIG
[09:55] {Threei} only this time with even tighter stop
[09:56] {Threei} under .65
[09:56] {nemo} aig jumped
[09:56] {Threei} and AIG starts looking like short to me
[09:56] {nemo} followig resistance trend
[09:57] {Threei} trying to find entry
[09:59] {Threei} Short Setup: AIG .90 break half lot
[09:59] {Threei} if stays under 43
[10:00] {Threei} HIG not holding .65
[10:00] {Threei} no inyerest in boiunce anymore for now
[10:00] {Threei} wanted higher low, and it's not happening
[10:01] {Threei} AIG 1:1
[10:02] {Threei} but should be good for more than that
[10:02] {Threei} so let's try and partial
[10:02] {Threei} (US) NY Fed: No inference should be drawn on policy tightening
[10:02] {Threei} - Working with counterparties on reverse repo
[10:02] {Threei} - Testing ability to do repos with tri party settlement
[10:02] {Threei} - Considering expanding counterparties for repos
[10:03] {Threei} Note: On 10/08 the FT reported that the Fed has started testing reverse repo trades and that they would allow the Fed to drain cash from the financial system once it decides to exit its current extraordinarily loose policy. The Fed has conducted at least three tests of reverse repos since March.
[10:07] {nemo} amgn short?
[10:08] {Threei} good boy AIG
[10:08] {Threei} 1:2
[10:08] {Threei} no read AMGN
[10:08] {nemo} confused...after hitting 1:1 shouldn't stop been at entry?
[10:09] {Threei} with half lot?
[10:09] {Threei} shrug
[10:09] {nemo} oh
[10:09] {Threei} I'd prefer to let it go to wash
[10:09] {Threei} if it breaks initial stop
[10:09] {Threei} ity's AIG
[10:09] {Threei} too volatile to be this literal
[10:09] {Threei} 1:3
[10:09] {Threei} out in full
[10:12] {nemo} mmmhh financials popped
[10:13] {Threei} USEG, gravity finally taking over
[10:13] {Threei} keep an eye for sharp selling,
[10:13] {Threei} should become a worthy bounce candidate, desirably under 5.50
[10:14] {nemo} cat moving up 1.20
[10:17] {nemo} Well here's one where I should have been thinking...
[10:17] {nemo} Remember how AIG broke below 43.80 last week...
[10:18] {nemo} Well, it kissed it before the open and has been down hill ever since
[10:20] {magoo} u mean 6.50 right?
[10:20] {Threei} ?
[10:20] {dino} mkt bounce
[10:21] {magoo} r 5.50
[10:21] {Threei} USEG
[10:21] {magoo} yea
[10:21] {Threei} no, I mean 5.50
[10:21] {ese} l hgsi .90
[10:21] {Threei} look at daily
[10:22] {Threei} stop under .80 ese?
[10:22] {Threei} AIG wouldn't even try to bounce with market
[10:22] {Threei} why did we ever bother to cover it all
[10:23] {ese} yes
[10:23] {Threei} nice looking setup
[10:24] {dino} vmi stopped
[10:25] {ese} stopped
[10:25] {nemo} cat still climbing
[10:25] {Threei} AIG to me: you need to grow up and hold your position for real gain... when I am going, I am going
[10:25] {Threei} over a dollar form original entry
[10:26] {ese} thought with that upward movement int the qqqq it would take hgsi with it
[10:26] {Threei} that was good setup ese
[10:26] {Threei} just didn't wortk
[10:27] {Threei} Long Setup: HIG .60 break
[10:27] {ese} agreed
[10:27] {Threei} if stays above .50 for scalpers,
[10:27] {Threei} above .40 for day traders
[10:28] {magoo} in
[10:28] {fernp} in
[10:28] {Threei} remember that interesting manner in which HIG sometimes goes and goes and goes once it finds its footing?
[10:29] {Threei} with any market help, this seems to be just right moment
[10:29] {Threei} if it works, my game plan is:
[10:29] {Threei} half out around .75 - .80
[10:29] {Threei} 1/4 around .90 - .95
[10:29] {Threei} then we will see
[10:30] {ese} l hgsi .85
[10:30] {Threei} 1:1 for hardcore pesky scalpers
[10:31] {dino} all hl l .00
[10:31] {fernp} you can call me pesky, 1:1 I'm out
[10:31] {Threei} :)
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - NASDAQ volume 420M shares, about 25% below its three-month average; advancers lead decliners by 1.2:1.
[10:31] {Threei} - VIX index +1.75% to just under 22.00
[10:32] {nemo} 1/2 out
[10:32] {Threei} first target hit
[10:32] {Threei} half out .75
[10:32] {Threei} stop to under b/e
[10:33] {Threei} maybe too tight... .55 stop for now
[10:33] {Threei} and to b/e when prints above .75
[10:36] {nemo} aig long or short?
[10:36] {Threei} must it be either or?
[10:36] {Threei} how about neither?
[10:36] {nemo} huh
[10:36] {Threei} this is my way of saying "I have no idea"
[10:37] {nemo} oh
[10:37] {Threei} lol
[10:37] {fernp} having problems with my internet connection. Connecting and disconnecting continuously...
04[10:37] -} [fernp] PING
[10:37] {Threei} [10:37] [fernp PING reply]: 1sec
[10:37] {Threei} -----------
[10:37] {Threei} not bad actually
[10:38] {fernp} thanks
[10:39] {Threei} what do you know, pesky scalpers win
[10:39] {nemo} out
[10:39] {Threei} again
[10:40] {nemo} rude
[10:40] {Threei} AIG, this is one of those cases where you wish you fainted after entering the trade
[10:40] {fernp} pesky and lucky scalpers , lol
[10:40] {Threei} and came out of it 30 minutes later
[10:40] {Threei} 42.90 short entry
[10:41] {larisa} 41.15 no fill AIG, fingers not fast enough :)
[10:41] {Threei} it seems to be almost ready for sizeable bounce
[10:42] {Threei} .30 break
[10:42] {Threei} just don't go in with full lot, OK?
[10:42] {Threei} stop under .15
[10:43] {Threei} 1:1
[10:43] {Threei} can do better I am sure
[10:44] {Threei} offering half above .50
[10:44] {ese} out hgsi .98 +.13
[10:44] {Threei} half out
[10:44] {Threei} .52
[10:45] {nemo} if it's continuing downtrend, should stop around here
[10:45] {Threei} it won't
[10:45] {Threei} but stop to just under .30
[10:45] {Threei} offering 1/4 more .65
[10:46] {Threei} hit
[10:46] {Threei} offering last part .75
[10:47] {Threei} stop to under .40
[10:47] {Threei} no lose territory
[10:47] {nemo} what got into cat today
[10:47] {larisa} earnings tom
[10:47] {Threei} HIG, you are deceiving bastard
[10:50] {Threei} beautiful AIG
[10:50] {Threei} what a precision in holding stop level eh?
[10:51] {magoo} nice vad
[10:51] {Threei} out last part +.44
[10:51] {Threei} so far, just one stop, whooping 6 cents
[10:52] {Threei} no, 7
[10:52] {nemo} Don't ask
[10:52] {Threei} who?
[10:52] {Threei} about what?
[10:52] {nemo} you...you know
[10:52] {Threei} oooh
[10:52] {Threei} I just typed that
[10:53] {nemo} DON'T!
[10:53] {Threei} sorry can't let it go to waste
06[10:53] * nemo slaps Threei around a bit with a large trout
[10:53] {Threei} sigh
[10:53] {Threei} whatever, if I get slapped, at least gotta know for what
[10:53] {Threei} can I go home?
[10:53] {nemo} bastid
[10:53] {fernp} yes
[10:54] {Threei} ty
[10:54] {nemo} frickin HIG
[10:54] {ese} mags......you there...gog?
[10:54] {ese} goog...pullback
[10:54] {fernp} HIG behavior is irritating
[10:54] {Threei} nemo, go to http://www.realitytrader.com/photography/2009/10/fall-flowers.html and look at pretty flowers, you seem overstressed
[10:55] {nemo} have a picture of Ketel1?
[10:55] {Threei} HIG does exactly what it was projected to... just with shakeout in the middle :)
[10:55] {magoo} cant believe BIDU up so much and goog not
[10:55] {ese} whats bidu?
[10:55] {nemo} chinese google
[10:55] {magoo} yup
[10:56] {ese} ahh
[10:56] {Threei} unlike bidet which is not
[10:56] {magoo} usually in sync
[10:56] {nemo} Poor Raven
[10:57] {nemo} RIMM
[10:57] {nemo} break of .26 stop .15?
[10:58] {Threei} probably yes
[10:58] {magoo} its just that its been such a donkey of late..rimm
[10:59] {ese} what do you look for in goog mags?
[10:59] {magoo} profit
[10:59] {ese} ha ha ha ha.........good one
[11:00] {ese} pullbacks ....breakouts.....?
[11:00] {magoo} extrewmes
[11:00] {magoo} like extreme pullbk
[11:01] {ese} gotcha
[11:01] {magoo} it will fall like 8 pts..so 3 point not extreeme
[11:01] {magoo} dont want to tradde it all day..or 10 times..just want the !
[11:01] {magoo} like bidu off 393
[11:02] {magoo} monster move
[11:02] {ese} gotcha.......ya it was
[11:02] {magoo} and only 300-500 shares
[11:02] {magoo} to control
[11:03] {magoo} risky..but i like goog here
[11:03] {ese} how about the breakout at 400 for bidu....would you look at that
[11:03] {magoo} i want it to catch up to bidet
[11:03] {ese} or 402
[11:04] {magoo} 402??
[11:04] {magoo} huh?
[11:04] {Threei} AONE...
[11:04] {ese} 401.60 then
[11:05] {nemo} here come the steak sauce jokes
[11:05] {ese} bidu....not goog
[11:05] {magoo} ah
[11:05] {magoo} im talking goog
[11:05] {Threei} Fed's Bernanke: US should increase savings rate; Asia leading global recovery; US should create sustainable fiscal trajectory
[11:05] {Threei} - Surplus countries must raise domestic demand
[11:06] {magoo} i like goog at 553
[11:06] {ese} right......
[11:06] {nemo} As they flip us the mesodactyl
[11:06] {Threei} AONE, this pullback looks buyable
[11:06] {Threei} .50 break, half lot
[11:07] {magoo} in .44
[11:07] {Threei} stop under .35, target closer to 25
[11:07] {magoo} A1
[11:07] {ese} goog?
[11:07] {fernp} HIG .95 break?
[11:08] {Threei} hard to tell
[11:09] {fernp} mini c&h
[11:09] {Threei} no go AONE
[11:09] {magoo} no go goog
[11:09] {Threei} still feels like runner to me
[11:10] {Threei} but volastility is abit too high
[11:10] {nemo} just touched the BB average on that last drop
[11:12] {Threei} HIG does that slow relentless climb
[11:13] {fernp} im long .96 w/stop under .85 lte's see
[11:13] {Threei} AONE strongly feels to me like pushing toward 25 but hard to structure the play
[11:14] {Threei} (US) Chamber of Commerce: to no longer oppose Climate Change legislation -CNBC
[11:14] {Threei} let's set firmly on suicidal path
[11:15] {Threei} get ready for carbon tax
[11:17] {ese} l hgsi .85
[11:20] {ese} hmmmm even better .8461
[11:22] {dino} lrn l .50
[11:24] {ese} out hgsi .90 +.05
[11:25] {magoo} ener
[11:26] {ese} excuse me +.0539 appologies for the inaccurate reporting of profit
[11:29] {Threei} lol
[11:31] {magoo} RIMM
[11:31] {magoo} high here
[11:32] {magoo} is there a bounce play in AIG boss?
[11:33] {ese} weird market..........sixth sense feels like it should be going down but it's going up......
[11:34] {ese} i know ...i know!!!!! don't think es...just do
[11:38] {Threei} not sure yet mags
[11:38] {Threei} feels more to me like one more dive into 41,
[11:38] {Threei} shaking out those who bought ariund here
[11:38] {Threei} and then march up
[11:39] {magoo} ok
[11:39] {magoo} lets stay on it
[11:39] {Threei} if it just goes up from here, then I lost grip on it
[11:42] {magoo} hang on 3i..hang on :)
[11:42] {Threei} lol
[11:42] {Threei} good one
[11:45] {Threei} CIT Reportedly Egan-Jones tells bondholders not to accept Icahn offer - NYT Dealbook (1.25, +0.13, 11.61%)
[11:46] {Threei} OPEC's El-Badri: Iranian nuclear talks are off to a good start
[11:46] {Threei} I want to know El-Badri's definition of good
[11:47] {Threei} after all, "we haven't cut each other throats in first 5 min" is good too
[11:48] {Threei} new highs
[11:48] {Threei} who would have thought, lol
[11:48] {Threei} Dow 10,099
[11:58] {gnslng} .
[11:58] {Threei} good point...
[11:58] {gnslng} definitely!!
[11:59] {Threei} why oh why didn't I listen to magoo
[11:59] {magoo} i did
[11:59] {Threei} and just bought AIG and fainted
[11:59] {magoo} in
[11:59] {Threei} yeah but did you faint?
[11:59] {magoo} .65
[11:59] {magoo} ill faint of i lose on it here
[12:04] {dino} dkq
[12:06] {dino} all stopped -.15
[12:11] {dino} ros?
[12:13] {dino} bbt lod
[12:19] {dino} jpm gap fill from tues close
[12:20] {patience} .
[12:54] {strider} ORLY, Vad?
[12:55] {Threei} hmmm
[12:55] {Threei} chart is short but somehow doesn't feel rightr
[12:55] {Threei} I'd leave it alone
[12:55] {strider} k
[12:59] {Threei} Preview: Oct NAHB Housing Market Index due out at 1pmET
[12:59] {Threei} **consensus expectation: 20e v 19 prior (estimates range between 18 and 21.)
[13:00] {Threei} US Treasury discloses new liquidity plan for low income borrowers; aims to create development and rehabilitate rental properties
[13:00] {Threei} - a new bond purchasing and temporary credit program to be launched with HUD and FHFA
[13:00] {Threei} - aims to purchase GSE securities backed by new mortgage revenue bonds
[13:00] {Threei} *OCT NAHB HOUSING MARKET INDEX: 18 V 20E
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 420M shares, about 13% below its three-month average; advancers lead decliners by 5.1:1.
[13:02] {Threei} - NASDAQ volume 855M shares, about 15% below its three-month average; advancers lead decliners by 2.1:1.
[13:02] {Threei} - VIX index -1.6% to just over 21.00
[13:05] {strider} hig?
[13:05] {Threei} still down from here IMO, not ready for bounce yet
[13:06] {strider} short at .65?
[13:07] {Threei} .65 would rather signal reversal starting
[13:07] {Threei} no...
[13:07] {Threei} just leave it be
[13:07] {Threei} market is simply not active enough right now
[13:07] {Threei} not everything is long or short,
[13:08] {Threei} sometimes it's just "sit and wait"
[13:08] {strider} I need to take up knitting.
[13:09] {Threei} I would but I present a public danger with sharp things in my clumsy hands
[13:13] {strider} RIMM bo
[13:21] {ese} l hgsi .9457 sheesh
[13:22] {fernp} HIG is not making new lows
[13:25] {Threei} Long Setup: RIMM .55 break if stays above .45 for scalprs, .40 for day traders
[13:25] {dino} whats w/deck
[13:26] {Threei} nothing fresh
[13:26] {dino} same
[13:27] {Threei} StreetTracks Gold Trust Greenlight Capital's Einhorn: Positive on Gold; current Fiscal policies in the US Govt have 'gone awry'
[13:27] {Threei} - Betting on higher US, Japanese interest rates by purchasing long-dated call options
[13:27] {Threei} - Physical gold as liquid as ETFs but with lower costs; holding gold better than cash
[13:27] {Threei} - Washington's "Whatever it Takes" policy will hurt US Balance Sheet
[13:28] {Threei} Long Setup: HIG .70
[13:28] {Threei} if stays above .60
[13:29] {Threei} CIT Carl Icahn: Believes is now the largest CIT debt holder; Board has done 'awful job' (1.23, +0.11, 9.82%)
[13:29] {Threei} I'll say
[13:33] {Threei} RIMM 1:1 for scalpers
[13:34] {Threei} 1:1 for day traders
[13:35] {ese} hgsi stopped .87
[13:36] {Threei} 1:2 for day traders
[13:36] {fernp} RIMM vertical. great trade Vad
[13:36] {Threei} :)
[13:36] {Threei} HIG lags
[13:37] {magoo} out ty
[13:37] {Threei} welcome
[13:37] {Threei} okay, your turn HIG
[13:37] {nemo} feels like afternoon rally about to hit
[13:38] {Threei} it's hitting as we speak
[13:39] {fernp} more than a scalp HIG? if works
[13:39] {Threei} honestly no idea
[13:40] {fernp} ok. I'll sell at 1:1
[13:40] {Threei} while it's certainly capable of big moves and demonstrated it generously last week, it's so uncertain right now
[13:40] {dino} out lrn ave .64, +.14
[13:40] {Threei} RIMM 1:3, +.45, out last piece... nothing to sneeze at
[13:41] {Threei} me happy with today's performance
[13:41] {fernp} very
[13:42] {magoo} that was easy button worthy
[13:42] {Threei} maybe those pretty flowers is the reason
[13:46] {strider} you stopping at .64 or .59 Vad? HIG
[13:46] {Threei} can't decide
[13:46] {Threei} original stop is under .60
[13:47] {Threei} and formally, nothing changed
[13:47] {Threei} heart says dump it and forget it
[13:47] {Threei} mind says trading of what hearts says is the worst idea ever
[13:48] {Threei} ok, compromise:
[13:48] {Threei} I still keep stop under .60,
[13:48] {Threei} but if thing jumps back to .70, I'll just scratch it
[13:50] {Threei} there... resolved all doubts
[13:52] {Threei} US Treasury's Barr: Several weeks may pass before an estimate can formulate a 'dollar ceiling' on the new liquidity plan for low income borrowers announced today (related XHB XLF )
[13:56] {nemo} db hig?
[13:56] {ese} signing off...cya tamara
[13:56] {nemo} we have a tamara?
[13:56] {strider} ig AT lod
[13:56] {Threei} take care ese
[13:56] {strider} AIG
[13:56] {ese} yeow sa
[13:57] {ese} cya vad
[14:02] {Threei} ECB's Bini Smaghi: Marginal growth seen in 2010; there is no inflation risk at all; no need to raise interest rates at the moment
[14:02] {Threei} - notes that is against raising interest rates on preempting bubbles
[14:03] {Threei} Market Internals update at 2:00pmET
[14:03] {Threei} - NYSE volume 605M shares, about 11% below its three-month average; advancers lead decliners by 4.5:1.
[14:03] {Threei} - NASDAQ volume 1.23B shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[14:03] {Threei} - VIX index -2% to just below 21.00
[14:12] {dino} qdel
[14:13] {Threei} so much for the best earnings ever
[14:14] {Threei} QDEL beat estimate to the pulp...
[14:14] {Threei} like greek god would beat a turtle
[14:14] {dino} yes, saw that, should bounce
[14:14] {Threei} should turtle attempt to fight greek god
[14:16] {dino} see the turtle of amazing girth....
[14:16] {Threei} lol
[14:16] {dino} unpon his back he carries the earth
[14:16] {Threei} good association
[14:18] {dino} he battles the breakers
[14:26] {magoo} RIMM bouncer vad..rd duex?
[14:27] {Threei} not here
[14:27] {Threei} off .40 I think
[14:32] {magoo} another easy one...bouncer AIG vad?
[14:34] {magoo} nah..never mind
[14:36] {dino} vmi app. lod
[14:38] {Threei} ok
[14:39] {Threei} watch RIMM from here\
[14:42] {Threei} .49 recross if holdiong above .30
[14:42] {Threei} .40
[14:42] {strider} ??
[14:43] {strider} LONG .49, STOP .30?
[14:43] {nemo} long .40
[14:43] {fernp} strider RIMM long .41 stop .29
[14:44] {strider} THX
[14:49] {Threei} invalidated
[14:49] {Threei} US) Senator Grassley (R): Financial regulatory overhaul should focus on strengthening exiting agencies, doubts overhaul will be completed this year
[14:49] {Threei} - Believes banks should retain some risk for loans they originate.
[14:49] {Threei} - Credit ratings need more attention.
[14:49] {Threei} - Reiterates opposition to consumer financial protection agency
[15:15] {Threei} amazing how market manages to stay locked in so narrow range for so long
[15:15] {Threei} STEM Neural Stem Cells Show Promise For Treating Age-Related Macular Degeneration (1.64, +0.04, 2.50%)
[15:16] {Threei} speaking of stem cells
[15:16] {Threei} what's with GERN today
[15:16] {Threei} I see one lame upgrade
[15:25] {Threei} Long Setup: GERN .10 break if stays above .05 for scalpers, above 7 for dsay traders
[15:27] {strider} INVALIDATED BELOW .05?
[15:27] {strider} sorry. didn't mean to shout.
[15:27] {nemo} for scalpers
[15:27] {patience} .
[15:28] {strider} THX NEMO
[15:28] {strider} damn...did it again.
06[15:28] * nemo slaps strider around a bit with a large book of mirc etiquette
[15:28] {strider} yelling
[15:28] {strider} thanks. I needed that.
[15:28] {Threei} just tape some scothc over caps lock
[15:28] {strider} where do you buy scothc? :)
[15:29] {Threei} in the same store where they sell hwiskey
[15:29] {strider} hig bounce?
[15:29] {Threei} don't see setup yet, but on watch
[15:33] {Threei} not my kind of bounce
[15:37] {Threei} Market Internals update at 3:30pmET
[15:37] {Threei} - NYSE volume 790M shares, about 10% below its three-month average; advancers lead decliners by 3.8:1.
[15:37] {Threei} - NASDAQ volume 1.61B shares, about 13% below its three-month average; advancers lead decliners by 1.7:1.
[15:37] {Threei} - VIX index -1.35% to just over 21.00
[15:39] {nemo} lvs short?
[15:39] {Threei} .56... wortha try
[15:41] {strider} gen
[15:42] {strider} gern
[15:42] {nemo} if it gets by those monster orders at .57
[15:42] {Threei} that's why .56 is likely to be a good trigger
[15:43] {nemo} figures...market micro rally
[15:45] {nemo} lvs not really moving but running out of time
[15:46] {nemo} AIG C&H
[15:46] {strider} aig
[15:51] {nemo} aaple just shot up a buck in the last two minutes
[15:51] {nemo} what time does it announce?
[15:52] {Threei} is there exact time?
[15:52] {nemo} no
[15:53] {Threei} so...
[15:53] {Threei} ok, never mind :)
[15:53] {Threei} I don't want to know
[15:53] {nemo} wondering if somebody knew
[15:53] {nemo} be like that
[15:53] {Threei} larisa will tell me again I am picking up on you
[15:53] {nemo} mixed metaphors their dude
[15:54] {nemo} there
[15:54] {Threei} which is not ttrue at all - I do not discriminate and am too willing to pick on anyone
[15:54] {nemo} never seen you pick on larisa
[15:54] {Threei} what am I, suicidal?
[15:55] {strider} Vad, you holding GERN?
[15:55] {Threei} I will but
[15:55] {Threei} overnight hold is a very different decision
[15:55] {strider} yeah, I didn'
[15:55] {Threei} I don't want to make this kind of call
[15:55] {strider} 't mean that.
[15:55] {Threei} decide for yourself if you are willing to take this risk
[15:56] {strider} no
[15:57] {nemo} about holding gern...
[15:57] {strider} out GERN -.06
[15:58] {strider} oh well
[15:59] {dino} out qdel, +.22
[15:59] {Threei} lol dino
[16:00] {Threei} you may be the only one who profited from QDEL over lasty two trading sessions
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {dino} lol, glad to oblige
[16:00] {Threei} good start for the week
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {larisa} bye :)
[16:01] {strider} a la manana!
[16:01] {dino} in any case, i'm checking out until monday., good luck all, the north and south carolina golf courses are siren soging me
[16:01] {dino} songing
[16:02] {Threei} ah siren song...
[16:02] {nemo} watch out for the rocks
[16:02] {Threei} never what it seems to be but who of us can resist
[16:02] {Threei} have fun dino
Session Time: Mon Oct 19 00:00:01 2009
[08:02] {KSystems} morning
[08:03] {strider} morning KS
[08:03] {magoo} morning
[08:09] {KSystems} hey strider, magoo
[08:10] {KSystems} and fern
[08:10] {KSystems} ;)
[08:10] {magoo} hi K
[08:10] {Threei} Good morning
[08:10] {magoo} can anyone log in laser yet? i cant
[08:10] {magoo} hi vad
[08:10] {Threei} logged in fine here
[08:10] {magoo} sigh..great
[08:11] {Threei} VVUS
[08:11] {Threei} NYT article comments on new obesity drugs
[08:11] {Threei} - Notes the market has been most excited about Vivus' QNEXA.
[08:11] {Threei} - Orexigen's obesity treatment CONTRAVE and Arena's LORCASERIN have underperformed Vivus' QNEXA in trials.
[08:11] {Threei} - One challenge for QNEXA might be safety as the drug contains phentermine (which was part of the notorious fen-phen combination) and topiramate which makes people feel satiated.
[08:11] {Threei} - According to Vivus, QNEXA has only small quantities of phentermine and topiramate.
[08:11] {Threei} - Some doctors are already prescribing phentermine and topiramate separately, which could hurt sales of QNEXA.
[08:11] {magoo} ok..getting in now..3rd try
[08:15] {magoo} POT news vad?
[08:18] {Threei} nothing fresh
[08:28] {Threei} TRBN
[08:28] {Threei} Trubion Pharmaceuticals Reports positive data from Phase IIb re-treatment Study of TRU-015
[08:28] {Threei} - Data from the open-label re-treatment phase of the Phase II b study demonstrate that repeat administration with TRU-015 is generally well-tolerated and results in sustained improvement in the signs and symptoms of RA
[08:31] {Threei} IMMU Awarded Three Grants by NIH to Develop New Agents for Imaging and Therapy of Cancer (4.82, 0.00, 0.00%)
[08:32] {nemo} GM
[08:32] {Threei} grants totalling $2.1M
[08:32] {Threei} nemo :)
[08:43] {Threei} stubborn seller at 5, IMMU
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:59] {cosmo} IDCC: # Nokia wins ITC ruling in case InterDigital filedat MarketWatch(Sun 5:08am)
[09:00] {Threei} CIT Group Inc Provides further details of amended restructuring plan - filing
[09:00] {Threei} - Offers to exchange debt for a pro rata portion of each of five series of its newly issued Series A secured notes and/or up to approximately 68.3 million shares of its newly issued preferred stock (**previously intended to issue 70M)
[09:00] {Threei} - Assuming 100% success in exchange offer, the New Preferred Stock issued will consist of approximately 68.3 million shares having an aggregate liquidation preference of approximately $95.6B and representing approximately 91.1% of the aggregate voting power of the Corporations capital stock (**prior liquidation preference value was $63B, prior voting power was 94%**)
[09:00] {Threei} - Bondholders to recieve between $700 and $1000 in cash and 0.35 and 2.8 preference shares for each $1,000 held ( **previously offered between $700-$900 in cash and 0.41- 3.26 in pref shares for each $1,000 held**)
[09:01] {Threei} Reportedly Carl Icahn to underwrite $6B loan to CIT
[09:06] {lasertrev} gm
[09:06] {Threei} trev :)
[09:07] {cosmo} IDCC pre mkt low = 22.10 fyi
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {strider} morning folken
[09:11] {Threei} strider :)
[09:11] {strider} 3i:)
[09:12] {_mreust} Good morning
[09:13] {Threei} morning mreust
[09:14] {Threei} FMCN Morgan Stanley Raised FMCN to Overweight from Equal Weight
[09:15] {Threei} does it mean FMCN needs VVUS' Onexa?
[09:15] {strider} groan
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:15] {nemo} how do yo put those together?
[09:15] {nemo} hi lark
[09:15] {nemo} lari
[09:15] {nemo} sori
[09:15] {larisa} :)
[09:16] {Threei} put together what?
[09:17] {nemo} fmcn w/vvus and onexa
[09:17] {Threei} sigh
[09:17] {Threei} Onexa is obesityt drug
[09:18] {Threei} VVUS tests Onexa
[09:18] {Threei} FMCN gor overweight rating
[09:18] {nemo} oh....
[09:18] {nemo} I'm thinking an advertising firm....???
[09:19] {Threei} too mkuch thinking for Monday morning
[09:19] {ese} GM
[09:19] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} here, nature magic helping to relax and diminish thinking:
[09:20] {Threei} http://www.realitytrader.com/photography/
[09:20] {ese} brain hurt
[09:20] {Threei} that's thinking, ese
[09:21] {Threei} it's harmful, painful and overall damaging
[09:21] {strider} [07:18] * Topic is 'Don't interrupt your brain's work by thinking'
[09:21] {Threei} yup
[09:23] {Threei} I don't have clear candidates for ther open
[09:24] {Threei} watching IMMU, VVUS, HIG, CIT
[09:25] {Threei} as it's often the case with Mondays, market seems a bit puzzled by itself
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Threei} so... not trying to find a trade immediately, giving it a few to see if something shapes up
[09:31] {magoo} aapl 2 point candle
[09:33] {Threei} USEG just won't quit
[09:33] {ese} athr
[09:34] {Threei} Long Setup: RIMM .90 break half lot if holding .80
[09:35] {Threei} over 1:1
[09:35] {fernp} too fast here
[09:35] {ese} missed it ...nice call
[09:35] {Threei} 1:2, out who got it
[09:35] {magoo} missed
[09:35] {strider} me too
[09:37] {_mreust} That was a great introduction to th room!
[09:37] {Threei} would be even better if it let more people in
[09:38] {magoo} xmas tree complete rimm
[09:38] {Threei} let's see if we get double bottom here
[09:39] {Threei} Long Setup: RIMM .95 break half lot
[09:39] {Threei} awww
[09:39] {Threei} too fast again
[09:39] {Threei} this time too fast even to type an alert
[09:39] {Threei} ok... off to something else
[09:41] {Threei} HIG, watch for pullback,
[09:41] {Threei} most likely entry zone is around .70
[09:42] {Threei} with stop under .60
[09:43] {strider} lmdia trying
[09:44] {ese} welcome mreust.....
[09:44] {Threei} HIG is getting there, get ready
[09:44] {magoo} mkts losing ground here
[09:45] {Threei} first strength from here
[09:45] {Threei} .70 break
[09:45] {Threei} if holding .60
[09:46] {fernp} in
[09:46] {Threei} big offer at .71
[09:46] {Threei} why not let it diccipate first
[09:48] {Threei} in
[09:48] {magoo} in
[09:48] {Threei} 1:1
[09:48] {fernp} ty
[09:48] {strider} out +.10 ty
[09:49] {Threei} you guys are relentless in your scalping zeal
[09:49] {Threei} {--- look who is talking
[09:49] {strider} market looks like crap:)
[09:49] {dino} vmi death roll continues
[09:51] {_mreust} Pretty good so far, especially for a Monday!!!
[09:51] {fernp} welcome aboard mreust
[09:52] {nemo} aig DB vad?
[09:52] {nemo} oops
[09:53] {strider} lmdia holding well against the market
[09:54] {Threei} doesn't look ready to me nemo
[09:55] {Threei} HIG feels a beter prospect
[09:55] {Threei} holding much better
[09:55] {Threei} actually, I'd repeat same setup on HIG
[09:55] {Threei} only this time with even tighter stop
[09:56] {Threei} under .65
[09:56] {nemo} aig jumped
[09:56] {Threei} and AIG starts looking like short to me
[09:56] {nemo} followig resistance trend
[09:57] {Threei} trying to find entry
[09:59] {Threei} Short Setup: AIG .90 break half lot
[09:59] {Threei} if stays under 43
[10:00] {Threei} HIG not holding .65
[10:00] {Threei} no inyerest in boiunce anymore for now
[10:00] {Threei} wanted higher low, and it's not happening
[10:01] {Threei} AIG 1:1
[10:02] {Threei} but should be good for more than that
[10:02] {Threei} so let's try and partial
[10:02] {Threei} (US) NY Fed: No inference should be drawn on policy tightening
[10:02] {Threei} - Working with counterparties on reverse repo
[10:02] {Threei} - Testing ability to do repos with tri party settlement
[10:02] {Threei} - Considering expanding counterparties for repos
[10:03] {Threei} Note: On 10/08 the FT reported that the Fed has started testing reverse repo trades and that they would allow the Fed to drain cash from the financial system once it decides to exit its current extraordinarily loose policy. The Fed has conducted at least three tests of reverse repos since March.
[10:07] {nemo} amgn short?
[10:08] {Threei} good boy AIG
[10:08] {Threei} 1:2
[10:08] {Threei} no read AMGN
[10:08] {nemo} confused...after hitting 1:1 shouldn't stop been at entry?
[10:09] {Threei} with half lot?
[10:09] {Threei} shrug
[10:09] {nemo} oh
[10:09] {Threei} I'd prefer to let it go to wash
[10:09] {Threei} if it breaks initial stop
[10:09] {Threei} ity's AIG
[10:09] {Threei} too volatile to be this literal
[10:09] {Threei} 1:3
[10:09] {Threei} out in full
[10:12] {nemo} mmmhh financials popped
[10:13] {Threei} USEG, gravity finally taking over
[10:13] {Threei} keep an eye for sharp selling,
[10:13] {Threei} should become a worthy bounce candidate, desirably under 5.50
[10:14] {nemo} cat moving up 1.20
[10:17] {nemo} Well here's one where I should have been thinking...
[10:17] {nemo} Remember how AIG broke below 43.80 last week...
[10:18] {nemo} Well, it kissed it before the open and has been down hill ever since
[10:20] {magoo} u mean 6.50 right?
[10:20] {Threei} ?
[10:20] {dino} mkt bounce
[10:21] {magoo} r 5.50
[10:21] {Threei} USEG
[10:21] {magoo} yea
[10:21] {Threei} no, I mean 5.50
[10:21] {ese} l hgsi .90
[10:21] {Threei} look at daily
[10:22] {Threei} stop under .80 ese?
[10:22] {Threei} AIG wouldn't even try to bounce with market
[10:22] {Threei} why did we ever bother to cover it all
[10:23] {ese} yes
[10:23] {Threei} nice looking setup
[10:24] {dino} vmi stopped
[10:25] {ese} stopped
[10:25] {nemo} cat still climbing
[10:25] {Threei} AIG to me: you need to grow up and hold your position for real gain... when I am going, I am going
[10:25] {Threei} over a dollar form original entry
[10:26] {ese} thought with that upward movement int the qqqq it would take hgsi with it
[10:26] {Threei} that was good setup ese
[10:26] {Threei} just didn't wortk
[10:27] {Threei} Long Setup: HIG .60 break
[10:27] {ese} agreed
[10:27] {Threei} if stays above .50 for scalpers,
[10:27] {Threei} above .40 for day traders
[10:28] {magoo} in
[10:28] {fernp} in
[10:28] {Threei} remember that interesting manner in which HIG sometimes goes and goes and goes once it finds its footing?
[10:29] {Threei} with any market help, this seems to be just right moment
[10:29] {Threei} if it works, my game plan is:
[10:29] {Threei} half out around .75 - .80
[10:29] {Threei} 1/4 around .90 - .95
[10:29] {Threei} then we will see
[10:30] {ese} l hgsi .85
[10:30] {Threei} 1:1 for hardcore pesky scalpers
[10:31] {dino} all hl l .00
[10:31] {fernp} you can call me pesky, 1:1 I'm out
[10:31] {Threei} :)
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - NASDAQ volume 420M shares, about 25% below its three-month average; advancers lead decliners by 1.2:1.
[10:31] {Threei} - VIX index +1.75% to just under 22.00
[10:32] {nemo} 1/2 out
[10:32] {Threei} first target hit
[10:32] {Threei} half out .75
[10:32] {Threei} stop to under b/e
[10:33] {Threei} maybe too tight... .55 stop for now
[10:33] {Threei} and to b/e when prints above .75
[10:36] {nemo} aig long or short?
[10:36] {Threei} must it be either or?
[10:36] {Threei} how about neither?
[10:36] {nemo} huh
[10:36] {Threei} this is my way of saying "I have no idea"
[10:37] {nemo} oh
[10:37] {Threei} lol
[10:37] {fernp} having problems with my internet connection. Connecting and disconnecting continuously...
04[10:37] -} [fernp] PING
[10:37] {Threei} [10:37] [fernp PING reply]: 1sec
[10:37] {Threei} -----------
[10:37] {Threei} not bad actually
[10:38] {fernp} thanks
[10:39] {Threei} what do you know, pesky scalpers win
[10:39] {nemo} out
[10:39] {Threei} again
[10:40] {nemo} rude
[10:40] {Threei} AIG, this is one of those cases where you wish you fainted after entering the trade
[10:40] {fernp} pesky and lucky scalpers , lol
[10:40] {Threei} and came out of it 30 minutes later
[10:40] {Threei} 42.90 short entry
[10:41] {larisa} 41.15 no fill AIG, fingers not fast enough :)
[10:41] {Threei} it seems to be almost ready for sizeable bounce
[10:42] {Threei} .30 break
[10:42] {Threei} just don't go in with full lot, OK?
[10:42] {Threei} stop under .15
[10:43] {Threei} 1:1
[10:43] {Threei} can do better I am sure
[10:44] {Threei} offering half above .50
[10:44] {ese} out hgsi .98 +.13
[10:44] {Threei} half out
[10:44] {Threei} .52
[10:45] {nemo} if it's continuing downtrend, should stop around here
[10:45] {Threei} it won't
[10:45] {Threei} but stop to just under .30
[10:45] {Threei} offering 1/4 more .65
[10:46] {Threei} hit
[10:46] {Threei} offering last part .75
[10:47] {Threei} stop to under .40
[10:47] {Threei} no lose territory
[10:47] {nemo} what got into cat today
[10:47] {larisa} earnings tom
[10:47] {Threei} HIG, you are deceiving bastard
[10:50] {Threei} beautiful AIG
[10:50] {Threei} what a precision in holding stop level eh?
[10:51] {magoo} nice vad
[10:51] {Threei} out last part +.44
[10:51] {Threei} so far, just one stop, whooping 6 cents
[10:52] {Threei} no, 7
[10:52] {nemo} Don't ask
[10:52] {Threei} who?
[10:52] {Threei} about what?
[10:52] {nemo} you...you know
[10:52] {Threei} oooh
[10:52] {Threei} I just typed that
[10:53] {nemo} DON'T!
[10:53] {Threei} sorry can't let it go to waste
06[10:53] * nemo slaps Threei around a bit with a large trout
[10:53] {Threei} sigh
[10:53] {Threei} whatever, if I get slapped, at least gotta know for what
[10:53] {Threei} can I go home?
[10:53] {nemo} bastid
[10:53] {fernp} yes
[10:54] {Threei} ty
[10:54] {nemo} frickin HIG
[10:54] {ese} mags......you there...gog?
[10:54] {ese} goog...pullback
[10:54] {fernp} HIG behavior is irritating
[10:54] {Threei} nemo, go to http://www.realitytrader.com/photography/2009/10/fall-flowers.html and look at pretty flowers, you seem overstressed
[10:55] {nemo} have a picture of Ketel1?
[10:55] {Threei} HIG does exactly what it was projected to... just with shakeout in the middle :)
[10:55] {magoo} cant believe BIDU up so much and goog not
[10:55] {ese} whats bidu?
[10:55] {nemo} chinese google
[10:55] {magoo} yup
[10:56] {ese} ahh
[10:56] {Threei} unlike bidet which is not
[10:56] {magoo} usually in sync
[10:56] {nemo} Poor Raven
[10:57] {nemo} RIMM
[10:57] {nemo} break of .26 stop .15?
[10:58] {Threei} probably yes
[10:58] {magoo} its just that its been such a donkey of late..rimm
[10:59] {ese} what do you look for in goog mags?
[10:59] {magoo} profit
[10:59] {ese} ha ha ha ha.........good one
[11:00] {ese} pullbacks ....breakouts.....?
[11:00] {magoo} extrewmes
[11:00] {magoo} like extreme pullbk
[11:01] {ese} gotcha
[11:01] {magoo} it will fall like 8 pts..so 3 point not extreeme
[11:01] {magoo} dont want to tradde it all day..or 10 times..just want the !
[11:01] {magoo} like bidu off 393
[11:02] {magoo} monster move
[11:02] {ese} gotcha.......ya it was
[11:02] {magoo} and only 300-500 shares
[11:02] {magoo} to control
[11:03] {magoo} risky..but i like goog here
[11:03] {ese} how about the breakout at 400 for bidu....would you look at that
[11:03] {magoo} i want it to catch up to bidet
[11:03] {ese} or 402
[11:04] {magoo} 402??
[11:04] {magoo} huh?
[11:04] {Threei} AONE...
[11:04] {ese} 401.60 then
[11:05] {nemo} here come the steak sauce jokes
[11:05] {ese} bidu....not goog
[11:05] {magoo} ah
[11:05] {magoo} im talking goog
[11:05] {Threei} Fed's Bernanke: US should increase savings rate; Asia leading global recovery; US should create sustainable fiscal trajectory
[11:05] {Threei} - Surplus countries must raise domestic demand
[11:06] {magoo} i like goog at 553
[11:06] {ese} right......
[11:06] {nemo} As they flip us the mesodactyl
[11:06] {Threei} AONE, this pullback looks buyable
[11:06] {Threei} .50 break, half lot
[11:07] {magoo} in .44
[11:07] {Threei} stop under .35, target closer to 25
[11:07] {magoo} A1
[11:07] {ese} goog?
[11:07] {fernp} HIG .95 break?
[11:08] {Threei} hard to tell
[11:09] {fernp} mini c&h
[11:09] {Threei} no go AONE
[11:09] {magoo} no go goog
[11:09] {Threei} still feels like runner to me
[11:10] {Threei} but volastility is abit too high
[11:10] {nemo} just touched the BB average on that last drop
[11:12] {Threei} HIG does that slow relentless climb
[11:13] {fernp} im long .96 w/stop under .85 lte's see
[11:13] {Threei} AONE strongly feels to me like pushing toward 25 but hard to structure the play
[11:14] {Threei} (US) Chamber of Commerce: to no longer oppose Climate Change legislation -CNBC
[11:14] {Threei} let's set firmly on suicidal path
[11:15] {Threei} get ready for carbon tax
[11:17] {ese} l hgsi .85
[11:20] {ese} hmmmm even better .8461
[11:22] {dino} lrn l .50
[11:24] {ese} out hgsi .90 +.05
[11:25] {magoo} ener
[11:26] {ese} excuse me +.0539 appologies for the inaccurate reporting of profit
[11:29] {Threei} lol
[11:31] {magoo} RIMM
[11:31] {magoo} high here
[11:32] {magoo} is there a bounce play in AIG boss?
[11:33] {ese} weird market..........sixth sense feels like it should be going down but it's going up......
[11:34] {ese} i know ...i know!!!!! don't think es...just do
[11:38] {Threei} not sure yet mags
[11:38] {Threei} feels more to me like one more dive into 41,
[11:38] {Threei} shaking out those who bought ariund here
[11:38] {Threei} and then march up
[11:39] {magoo} ok
[11:39] {magoo} lets stay on it
[11:39] {Threei} if it just goes up from here, then I lost grip on it
[11:42] {magoo} hang on 3i..hang on :)
[11:42] {Threei} lol
[11:42] {Threei} good one
[11:45] {Threei} CIT Reportedly Egan-Jones tells bondholders not to accept Icahn offer - NYT Dealbook (1.25, +0.13, 11.61%)
[11:46] {Threei} OPEC's El-Badri: Iranian nuclear talks are off to a good start
[11:46] {Threei} I want to know El-Badri's definition of good
[11:47] {Threei} after all, "we haven't cut each other throats in first 5 min" is good too
[11:48] {Threei} new highs
[11:48] {Threei} who would have thought, lol
[11:48] {Threei} Dow 10,099
[11:58] {gnslng} .
[11:58] {Threei} good point...
[11:58] {gnslng} definitely!!
[11:59] {Threei} why oh why didn't I listen to magoo
[11:59] {magoo} i did
[11:59] {Threei} and just bought AIG and fainted
[11:59] {magoo} in
[11:59] {Threei} yeah but did you faint?
[11:59] {magoo} .65
[11:59] {magoo} ill faint of i lose on it here
[12:04] {dino} dkq
[12:06] {dino} all stopped -.15
[12:11] {dino} ros?
[12:13] {dino} bbt lod
[12:19] {dino} jpm gap fill from tues close
[12:20] {patience} .
[12:54] {strider} ORLY, Vad?
[12:55] {Threei} hmmm
[12:55] {Threei} chart is short but somehow doesn't feel rightr
[12:55] {Threei} I'd leave it alone
[12:55] {strider} k
[12:59] {Threei} Preview: Oct NAHB Housing Market Index due out at 1pmET
[12:59] {Threei} **consensus expectation: 20e v 19 prior (estimates range between 18 and 21.)
[13:00] {Threei} US Treasury discloses new liquidity plan for low income borrowers; aims to create development and rehabilitate rental properties
[13:00] {Threei} - a new bond purchasing and temporary credit program to be launched with HUD and FHFA
[13:00] {Threei} - aims to purchase GSE securities backed by new mortgage revenue bonds
[13:00] {Threei} *OCT NAHB HOUSING MARKET INDEX: 18 V 20E
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 420M shares, about 13% below its three-month average; advancers lead decliners by 5.1:1.
[13:02] {Threei} - NASDAQ volume 855M shares, about 15% below its three-month average; advancers lead decliners by 2.1:1.
[13:02] {Threei} - VIX index -1.6% to just over 21.00
[13:05] {strider} hig?
[13:05] {Threei} still down from here IMO, not ready for bounce yet
[13:06] {strider} short at .65?
[13:07] {Threei} .65 would rather signal reversal starting
[13:07] {Threei} no...
[13:07] {Threei} just leave it be
[13:07] {Threei} market is simply not active enough right now
[13:07] {Threei} not everything is long or short,
[13:08] {Threei} sometimes it's just "sit and wait"
[13:08] {strider} I need to take up knitting.
[13:09] {Threei} I would but I present a public danger with sharp things in my clumsy hands
[13:13] {strider} RIMM bo
[13:21] {ese} l hgsi .9457 sheesh
[13:22] {fernp} HIG is not making new lows
[13:25] {Threei} Long Setup: RIMM .55 break if stays above .45 for scalprs, .40 for day traders
[13:25] {dino} whats w/deck
[13:26] {Threei} nothing fresh
[13:26] {dino} same
[13:27] {Threei} StreetTracks Gold Trust Greenlight Capital's Einhorn: Positive on Gold; current Fiscal policies in the US Govt have 'gone awry'
[13:27] {Threei} - Betting on higher US, Japanese interest rates by purchasing long-dated call options
[13:27] {Threei} - Physical gold as liquid as ETFs but with lower costs; holding gold better than cash
[13:27] {Threei} - Washington's "Whatever it Takes" policy will hurt US Balance Sheet
[13:28] {Threei} Long Setup: HIG .70
[13:28] {Threei} if stays above .60
[13:29] {Threei} CIT Carl Icahn: Believes is now the largest CIT debt holder; Board has done 'awful job' (1.23, +0.11, 9.82%)
[13:29] {Threei} I'll say
[13:33] {Threei} RIMM 1:1 for scalpers
[13:34] {Threei} 1:1 for day traders
[13:35] {ese} hgsi stopped .87
[13:36] {Threei} 1:2 for day traders
[13:36] {fernp} RIMM vertical. great trade Vad
[13:36] {Threei} :)
[13:36] {Threei} HIG lags
[13:37] {magoo} out ty
[13:37] {Threei} welcome
[13:37] {Threei} okay, your turn HIG
[13:37] {nemo} feels like afternoon rally about to hit
[13:38] {Threei} it's hitting as we speak
[13:39] {fernp} more than a scalp HIG? if works
[13:39] {Threei} honestly no idea
[13:40] {fernp} ok. I'll sell at 1:1
[13:40] {Threei} while it's certainly capable of big moves and demonstrated it generously last week, it's so uncertain right now
[13:40] {dino} out lrn ave .64, +.14
[13:40] {Threei} RIMM 1:3, +.45, out last piece... nothing to sneeze at
[13:41] {Threei} me happy with today's performance
[13:41] {fernp} very
[13:42] {magoo} that was easy button worthy
[13:42] {Threei} maybe those pretty flowers is the reason
[13:46] {strider} you stopping at .64 or .59 Vad? HIG
[13:46] {Threei} can't decide
[13:46] {Threei} original stop is under .60
[13:47] {Threei} and formally, nothing changed
[13:47] {Threei} heart says dump it and forget it
[13:47] {Threei} mind says trading of what hearts says is the worst idea ever
[13:48] {Threei} ok, compromise:
[13:48] {Threei} I still keep stop under .60,
[13:48] {Threei} but if thing jumps back to .70, I'll just scratch it
[13:50] {Threei} there... resolved all doubts
[13:52] {Threei} US Treasury's Barr: Several weeks may pass before an estimate can formulate a 'dollar ceiling' on the new liquidity plan for low income borrowers announced today (related XHB XLF )
[13:56] {nemo} db hig?
[13:56] {ese} signing off...cya tamara
[13:56] {nemo} we have a tamara?
[13:56] {strider} ig AT lod
[13:56] {Threei} take care ese
[13:56] {strider} AIG
[13:56] {ese} yeow sa
[13:57] {ese} cya vad
[14:02] {Threei} ECB's Bini Smaghi: Marginal growth seen in 2010; there is no inflation risk at all; no need to raise interest rates at the moment
[14:02] {Threei} - notes that is against raising interest rates on preempting bubbles
[14:03] {Threei} Market Internals update at 2:00pmET
[14:03] {Threei} - NYSE volume 605M shares, about 11% below its three-month average; advancers lead decliners by 4.5:1.
[14:03] {Threei} - NASDAQ volume 1.23B shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[14:03] {Threei} - VIX index -2% to just below 21.00
[14:12] {dino} qdel
[14:13] {Threei} so much for the best earnings ever
[14:14] {Threei} QDEL beat estimate to the pulp...
[14:14] {Threei} like greek god would beat a turtle
[14:14] {dino} yes, saw that, should bounce
[14:14] {Threei} should turtle attempt to fight greek god
[14:16] {dino} see the turtle of amazing girth....
[14:16] {Threei} lol
[14:16] {dino} unpon his back he carries the earth
[14:16] {Threei} good association
[14:18] {dino} he battles the breakers
[14:26] {magoo} RIMM bouncer vad..rd duex?
[14:27] {Threei} not here
[14:27] {Threei} off .40 I think
[14:32] {magoo} another easy one...bouncer AIG vad?
[14:34] {magoo} nah..never mind
[14:36] {dino} vmi app. lod
[14:38] {Threei} ok
[14:39] {Threei} watch RIMM from here\
[14:42] {Threei} .49 recross if holdiong above .30
[14:42] {Threei} .40
[14:42] {strider} ??
[14:43] {strider} LONG .49, STOP .30?
[14:43] {nemo} long .40
[14:43] {fernp} strider RIMM long .41 stop .29
[14:44] {strider} THX
[14:49] {Threei} invalidated
[14:49] {Threei} US) Senator Grassley (R): Financial regulatory overhaul should focus on strengthening exiting agencies, doubts overhaul will be completed this year
[14:49] {Threei} - Believes banks should retain some risk for loans they originate.
[14:49] {Threei} - Credit ratings need more attention.
[14:49] {Threei} - Reiterates opposition to consumer financial protection agency
[15:15] {Threei} amazing how market manages to stay locked in so narrow range for so long
[15:15] {Threei} STEM Neural Stem Cells Show Promise For Treating Age-Related Macular Degeneration (1.64, +0.04, 2.50%)
[15:16] {Threei} speaking of stem cells
[15:16] {Threei} what's with GERN today
[15:16] {Threei} I see one lame upgrade
[15:25] {Threei} Long Setup: GERN .10 break if stays above .05 for scalpers, above 7 for dsay traders
[15:27] {strider} INVALIDATED BELOW .05?
[15:27] {strider} sorry. didn't mean to shout.
[15:27] {nemo} for scalpers
[15:27] {patience} .
[15:28] {strider} THX NEMO
[15:28] {strider} damn...did it again.
06[15:28] * nemo slaps strider around a bit with a large book of mirc etiquette
[15:28] {strider} yelling
[15:28] {strider} thanks. I needed that.
[15:28] {Threei} just tape some scothc over caps lock
[15:28] {strider} where do you buy scothc? :)
[15:29] {Threei} in the same store where they sell hwiskey
[15:29] {strider} hig bounce?
[15:29] {Threei} don't see setup yet, but on watch
[15:33] {Threei} not my kind of bounce
[15:37] {Threei} Market Internals update at 3:30pmET
[15:37] {Threei} - NYSE volume 790M shares, about 10% below its three-month average; advancers lead decliners by 3.8:1.
[15:37] {Threei} - NASDAQ volume 1.61B shares, about 13% below its three-month average; advancers lead decliners by 1.7:1.
[15:37] {Threei} - VIX index -1.35% to just over 21.00
[15:39] {nemo} lvs short?
[15:39] {Threei} .56... wortha try
[15:41] {strider} gen
[15:42] {strider} gern
[15:42] {nemo} if it gets by those monster orders at .57
[15:42] {Threei} that's why .56 is likely to be a good trigger
[15:43] {nemo} figures...market micro rally
[15:45] {nemo} lvs not really moving but running out of time
[15:46] {nemo} AIG C&H
[15:46] {strider} aig
[15:51] {nemo} aaple just shot up a buck in the last two minutes
[15:51] {nemo} what time does it announce?
[15:52] {Threei} is there exact time?
[15:52] {nemo} no
[15:53] {Threei} so...
[15:53] {Threei} ok, never mind :)
[15:53] {Threei} I don't want to know
[15:53] {nemo} wondering if somebody knew
[15:53] {nemo} be like that
[15:53] {Threei} larisa will tell me again I am picking up on you
[15:53] {nemo} mixed metaphors their dude
[15:54] {nemo} there
[15:54] {Threei} which is not ttrue at all - I do not discriminate and am too willing to pick on anyone
[15:54] {nemo} never seen you pick on larisa
[15:54] {Threei} what am I, suicidal?
[15:55] {strider} Vad, you holding GERN?
[15:55] {Threei} I will but
[15:55] {Threei} overnight hold is a very different decision
[15:55] {strider} yeah, I didn'
[15:55] {Threei} I don't want to make this kind of call
[15:55] {strider} 't mean that.
[15:55] {Threei} decide for yourself if you are willing to take this risk
[15:56] {strider} no
[15:57] {nemo} about holding gern...
[15:57] {strider} out GERN -.06
[15:58] {strider} oh well
[15:59] {dino} out qdel, +.22
[15:59] {Threei} lol dino
[16:00] {Threei} you may be the only one who profited from QDEL over lasty two trading sessions
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {dino} lol, glad to oblige
[16:00] {Threei} good start for the week
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {larisa} bye :)
[16:01] {strider} a la manana!
[16:01] {dino} in any case, i'm checking out until monday., good luck all, the north and south carolina golf courses are siren soging me
[16:01] {dino} songing
[16:02] {Threei} ah siren song...
[16:02] {nemo} watch out for the rocks
[16:02] {Threei} never what it seems to be but who of us can resist
[16:02] {Threei} have fun dino
Labels: day trading education, scalping stocks, stock market, trading room log
