Oct 22 2009

One of those days when nothing works. Narrow range is not our favorite type of the day, and that's what the market spent most of the day in. When it broke out of the range, our fingers were cut enough times for us to sit it out. 2 or 3 plays worked vs 5 or 6 stops - all small but a few too many.

Session Time: Thu Oct 22 00:00:00 2009

[08:01] {magoo} morning

[08:01] {nemo} mags

[08:02] {magoo} hey cap'n..how was yesterday trading?

[08:04] {nemo} lackluster until the end, although there was an ipo where 3i was saying, "This is magoo's kind of trade"

[08:10] {bkhmd} gm all

[08:11] {nemo} harooo

[08:14] {magoo} where is the cranky ole boy this morn lol?

[08:14] {nemo} should be here...

[08:14] {magoo} was yesterday up day in mkts?

[08:15] {nemo} until the last 45 minutes, then tanked big time

[08:17] {Threei} good morning

[08:18] {KSystems} hey

[08:18] {Threei} ks :)

[08:19] {Threei} mags, yesterday was one of strongest confirmations of reversal in the markets we could ask for

[08:19] {magoo} vas:)

[08:22] {Threei} did you have a snow to clean yesterday or what?

[08:24] {magoo} no..but i had business to take care of..never came into office

[08:24] {Threei} sorry, we are going to need a note form parents

[08:25] {magoo} lol

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 531K V 515K; CONTINUING CLAIMS: 5.923M V 5.970ME

[08:31] {magoo} vad..since i was out..whats your "feel" for today?

[08:32] {Threei} today hasn't even started yet... :)

[08:33] {Threei} since I switch to bearish mode, overall feel is down, but which days are bounce and which are straight down is the question

[08:35] {magoo} u thinking bear mkt rally has ended...or just healthy breather which everone but everyone has been calling is upon us

[08:35] {Threei} breather but much more heavy one that we had throughout the rally

[08:36] {Threei} not return to March lows though

[08:36] {Threei} quite possibly end to the rally in a sense of being locked in (quite wide) range for a while

[08:38] {nemo} FITB loss widens

[08:40] {fernp} Good morning everybody

[08:40] {Threei} fern :)

[08:42] {nemo} Bird man

[08:44] {magoo} pnc ffiv

[08:44] {magoo} jcg gappers

[08:48] {magoo} wow travelers trv

[08:56] {nemo} aapl hel well

[08:57] {cosmo} logi

[08:58] {cosmo} expects to return to year-on-year profit growth in the

[08:58] {cosmo} third quarter, ...

[08:58] {cosmo} ...as will many others

[09:01] {lasertrev} morning

[09:01] {nemo} LT

[09:01] {Threei} trev :)

[09:01] {strider} morning everyone

[09:01] {Threei} strider :)

[09:04] {nemo} Dunedin

[09:05] {cosmo} ffiv

[09:06] {cosmo} fourth-quarter profit jumped 44 percent as customer spending ramped up

[09:14] {dptl} good morning all

[09:14] {Threei} dp :)

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:15] {larisa} vad :)

[09:16] {ese} ah ha.....i'm in

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Threei} why wouldn't you

[09:17] {ese} morning vad

[09:17] {ese} don't know ...the channel server kicked me

[09:20] {ese} fitb beats .20 v .17 that explains the surge lately

[09:20] {Threei} that's your kick:

[09:20] {Threei} [09:14] * mib_p0gbed was kicked by ChanServ (You are not permitted to be on this channel.)

[09:21] {Threei} not entered username :)

[09:23] {_mreust} Vad, what do you think of EBAY this morning?

[09:23] {ese} hmmmmmm am just injecting my coffee now with a hypodermic needle.....maybe too tired

[09:24] {Threei} EBAY posted guidance yesterday

[09:24] {Threei} Guides FY09 EPS $1.41-1.43, Rev $7.95B-$8.05B (ex Skype)

[09:24] {Threei} - Implies FY09 EPS $1.54-1.56 v $1.52e, R$8.65-8.75B v $8.5Be

[09:24] {Threei} - Note: Guided Skype EPS around $0.13 on Rev of about $700M

[09:25] {Threei} doesn't mean much by itself but considering reaction and market olverall, I'd look for short on it

[09:25] {strider} ERIC gap down

[09:26] {_mreust} thanks

[09:26] {Threei} either on a good bounce and when market reverses down,

[09:26] {Threei} or nice tight consolidation, then breakdown

[09:26] {Threei} for instance, 25.05 break is stays under .15

[09:26] {Threei} is = if

[09:27] {_mreust} thanks

[09:27] {Threei} just an example, don't view it as a call - morning volatility will probably be too big for such tight call

[09:28] {cosmo} LOGI tests 19.80

[09:28] {Threei} now... why's HIG so happy

[09:30] {strider} HIG glad to see you

[09:30] {Threei} sigh

[09:30] {cosmo} needs to hold 19.50

[09:30] {cosmo} logi

[09:32] {strider} pnc very happy

[09:33] {_mreust} ebay just died right out of the starting gate

[09:33] {Threei} yeah

[09:33] {nemo} aig happy

[09:33] {Threei} right idea but no setup

[09:33] {_mreust} there will be more

[09:34] {Threei} HIG pulling back

[09:34] {Threei} watching for one more sharp leg down, then entry for bounce

[09:35] {Threei} dive under .40, and entry on .40 recross if holding .30

[09:37] {Threei} EBAY strong bounce

[09:38] {Threei} Short Setup: EBAY .25 if stays under .35

[09:38] {Threei} Long Setup: HIG .40 break if stays above .30

[09:40] {Threei} no go EBAY

[09:40] {fernp} stopped

[09:40] {Threei} Preview: Aug US House Price Index due out at 10amET

[09:40] {Threei} ***consensus expectation (MoM): 0.3%e v 0.3% prior (estimates range between -0.2% to +1.9%)

[09:42] {nemo} tighten stop on HIG?

[09:42] {Threei} didn't it hiot 1:1?

[09:42] {fernp} yes

[09:42] {nemo} missed it anyway, was just looking at support

[09:43] {Threei} EBAY shakeout

[09:46] {Threei} .long hig .10 break

[09:46] {Threei} Long Setup: HIG .10 break

[09:46] {Threei} stop under 26

[09:48] {magoo} in

[09:48] {Threei} market weakens again

[09:49] {Threei} EBAY, thast was what you should have done first time around

[09:49] {Threei} HIG second failure

[09:49] {fernp} stopped HIG

[09:50] {magoo} i dont like hig

[09:50] {bkhmd} INTC look interesting

[09:50] {Threei} Preview: Sept Leading Indicators due out at 10amET

[09:50] {Threei} **consensus expectation: 0.8%e v 0.6% prior

[09:51] {Threei} for short bkhmd?

[09:51] {bkhmd} thats what i was thinking break .69?

[09:51] {bkhmd} too late

[09:52] {fernp} EBAY was rude

[09:52] {Threei} very

[09:52] {Threei} .66 is yesterday's low on INTC

[09:52] {Threei} let's see if it consolidates a bit

[09:53] {bkhmd} That large offer keeps moving around

[09:53] {bkhmd} but getting smaller

[09:53] {Threei} it doesn't matter much on such thick stock as INTC

[09:53] {bkhmd} ahhhh

[09:54] {ese} l fitb .31

[09:55] {Threei} new code for "I have nothing to say":

[09:55] {Threei} (US) Fed's Kohn : Too big to fail issue is a huge problem

[09:55] {fernp} RIMM on highs

[09:56] {Threei} Short Setup: INTC .65 if stays below .75

[09:57] {magoo} AIG crashing

[10:00] {fernp} HIG db?

[10:00] {Threei} *(US) SEPT LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei} - prior revised from 0.6% to 0.4%

[10:00] {strider} ese target for FITB?

[10:00] {Threei} US) AUG HOUSE PRICE INDEX (M/M): -0.3% V 0.3%E

[10:00] {nemo} so this month higher but last months revise lower

[10:01] {Threei} can't tell fern

[10:01] {fernp} ok

[10:02] {ese} out fitb .39 +.08

[10:02] {Threei} US Treasury's Allison: TARP can be reoriented towards small business and housing; must begin wind down

[10:02] {ese} hi strider sorry didn't see your post

[10:03] {Threei} US) White House Advisor Romer: Economy appears to have entered first phase of recovery

[10:03] {Threei} - Expect unemployment levels to come down slowly in 2010 despite economic growth

[10:03] {Threei} - Reiterates that it would be a mistake to exit stimulus prematurely

[10:03] {ese} no real target ..anywhere from .05 to .10 scalp

[10:03] {ese} that was with 24k

[10:03] {strider} thx. I got .07

[10:03] {ese} shs

[10:04] {fernp} in INTC

[10:04] {Threei} Short Setup: LVS .90 break

[10:04] {Threei} if stays below 16

[10:05] {Threei} Birinyi: Reiterates seeing 1280 on S&P 500 before year end -CNBC

[10:05] {Threei} is this what market bounced on?

[10:06] {nemo} dangling preposition

[10:06] {Threei} LVS invalidated

[10:07] {magoo} AIG Bounce ready vad?

[10:07] {Threei} no idea mags, it became totally erratic

[10:08] {nemo} this may just be a pullback to the BB average

[10:09] {Threei} die already INTC

[10:11] {_mreust} intc target?

[10:11] {Threei} won't be fast but should be capable of more than scalp

[10:11] {Threei} partial at 1:1

[10:11] {Threei} then will see

[10:14] {nemo} bear trap looks like

[10:17] {strider} stopped out intc

[10:17] {fernp} why?

[10:17] {strider} hit .75

[10:17] {nemo} stop was stay under .75

[10:17] {Threei} look at EBAY now

[10:18] {strider} and it hit .75

[10:18] {nemo} yep

[10:18] {fernp} my stop is .76

[10:18] {bkhmd} same

[10:19] {_mreust} How about that HIG bounce, when it finally did?

[10:19] {Threei} yes

[10:19] {Threei} too jerky market... nervous and undecisive

[10:20] {_mreust} market didn't react much to those numbers

[10:20] {Threei} come on... didn't want to call EBAY short on another breakdown to avoid anohtre shakeout, and look at it

[10:21] {bkhmd} waaaa

[10:22] {Threei} sigh

[10:22] {Threei} not in tune today

[10:22] {fernp} out... What a wonderful day!! lol

[10:22] {bkhmd} no direction

[10:23] {Threei} and just to put things in perspective: AGAM is still at 14.50

[10:23] {fernp} lol

[10:24] {fernp} trade of the month AGAM

[10:27] {Threei} AAPL Nokia reportedly suing Apple for alleged infringement of GSM UMTS and WLAN patents

[10:27] {Threei} - alleges the iPhone infringes certain patents

[10:33] {magoo} sh hig 26

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 300M shares, about 7% above its three-month average; decliners lead advancers by 1.8:1.

[10:35] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 1.9:1.

[10:35] {Threei} - VIX index +0.75% to just under 22.50

[10:37] {_mreust} intc worth another look?

[10:37] {Threei} no setup to hang a hat on

[10:37] {Threei} LVS WSJ: Genting could open Singapore casino before LVS (16.13, -0.22, -1.35%) (related GTGS.SI )

[10:38] {Threei} Short Setup: LVS .10 break

[10:38] {Threei} if stays below .20

[10:43] {Threei} nice on HIG mags

[10:43] {magoo} covered here .77 TY vad

[10:44] {_mreust} lvs target?

[10:45] {Threei} the way market acts, I don';t want to even talk about targets

[10:46] {Threei} decide whether you want a scalp or try for bigfger tarde

[10:46] {Threei} if scalp cover at 1:1

[10:46] {Threei} if bigger, partial

[10:46] {Threei} usual routine

[10:46] {Threei} I personally will partial

[10:50] {Threei} Short Setup: AIG 38 break

[10:50] {nemo} been waiting on that myself

[10:50] {Threei} if stays under .20

[10:50] {nemo} oh well

[10:51] {Threei} hate these trend reversal periods when for a few days nothing works, shakeout upon shakeout

[10:53] {ese} setup vad DIA does .86 look like a break candidate to you

[10:53] {fernp} AIG still valid?

[10:53] {Threei} yes but not on a sharp drop

[10:53] {Threei} let it reconsolidate

[10:53] {fernp} thanks

[10:54] {Threei} sorry ese, too late

[10:54] {Threei} another spike

[10:54] {Threei} will anything work today?

[10:54] {bkhmd} AIG didnt participate in that spike

[10:54] {ese} not a problem ...more where that came from......have never traded diamonds so was unsure

[10:55] {nemo} fcx almost back to sell off highs

[10:57] {nemo} makes sense...everyone expecting big pullback after yesterday, how do you screw with them......rally

[10:59] {larisa} who is that mysterious "you" that knows everything and screws with everybody :) can i be one for a week ?

[11:00] {Threei} lol

[11:00] {nemo} thought you were already

[11:00] {larisa} not yet, getting there :)

[11:00] {Threei} it's THEM larisa

[11:00] {nemo} yep

[11:05] {Threei} Long Setup: RIMM .25 break

[11:05] {Threei} half lot OK?

[11:06] {Threei} let's keep the lid on this jerkiness

[11:06] {nemo} fcx back to pre drop highs

[11:07] {fernp} what is the stop?

[11:07] {Threei} under .10

[11:08] {fernp} out TY

[11:08] {Threei} fffffffinally

[11:08] {bkhmd} sure the one I miss gets 1:1 lol

[11:09] {bkhmd} ese u watching HIG?

[11:10] {Threei} can't believe it... second one that worked today, both barely

[11:10] {ese} no fitb and dia

[11:11] {ese} hmmmmm i think it would drive me crazy......i wouldn't see anywhere to get in

[11:11] {bkhmd} yep could be both ways

[11:12] {ese} i'm lamenting over fitb.......i traded this thing a ton back in feb and march.....i really left alot of money on the table today with it

[11:14] {ese} just bidding my time here though......i think it's going to take a run at it's highs before the day is out.....am looking to get back in

[11:16] {ese} into the witching almost so am in no hury

[11:16] {ese} hurry

[11:16] {ese} witching hour

[11:17] {magoo} MCD bounce vad?

[11:18] {nemo} op ex week right?

[11:18] {ese} what'd they do...raise the price on the $1 hamburger from 1.70 to over 2.00

[11:18] {ese} whoa.....look at that

[11:18] {Threei} mags, there is conference call on MCD in progress

[11:19] {Threei} McDonald's Corp CEO: Sees near-term softness in China. Oct SSS flat to slightly negative - conf call

[11:19] {Threei} - Expects flat to negative October sales

[11:19] {Threei} - Do not see same commodity cost increases next quarter

[11:19] {ese} you short mags?

[11:19] {magoo} no

[11:19] {nemo} they're using more spam

[11:19] {magoo} bounce was idea..not in

[11:19] {fernp} uhhh! MCD

[11:20] {ese} it's almost funny

[11:22] {ese} McDonald's Corp CEO: Sees near-term softness in China- rice burgers

[11:23] {ese} sorry.......augmented that news item a little

[11:23] {ese} nice bounce.......anybody catch it

[11:26] {Threei} Short Setup: AIG .80 break

[11:26] {nemo} yeah, waiting on that

[11:27] {fernp} stop?

[11:27] {Threei} stop above .90 for scalpers, above 38 for day traders

[11:28] {magoo} out RIMM here .57 TY

[11:28] {Threei} welcome

[11:30] {nemo} stopped out for the day

[11:33] {Threei} US) US Federal Reserve reportedly to disclose pay guidelines design to reduce risk in banks - unconfirmed report

[11:35] {bkhmd} ese FITB getting tight

[11:35] {bkhmd} but no volume

[11:36] {bkhmd} ooops

[11:40] {Threei} House Financial Services Committee plans to vote to speed up implementation of credit card regulations

[11:40] {Threei} - The House is expected to approve a bill today to form the CFPA (Consumer Financial Protection Agency) that includes a provision, which has the full support of the President, that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[11:40] {Threei} I thnk I need to go home

[11:40] {Threei} this is not my day

[11:41] {strider} well said. :)

[11:42] {Threei} only costanza plays would have worked today

[11:42] {dptl} see ya tomorrow all

[11:42] {nemo} cya dp

[11:42] {ese} hey bk....thats what i'm thinkin

[11:43] {fernp} where is my shirt?, can't find my shirt. lol

[11:44] {bkhmd} ese u thinking short?

[11:44] {ese} nope

[11:44] {ese} L

[11:45] {ese} not after the move it made this morning

[11:45] {bkhmd} entry ? break .53?

[11:47] {ese} hmmmmm not sure....would like most of lunch to get out of the way first......

[11:47] {bkhmd} Ill watch and learn on the sideline this time

[11:49] {ese} everytime i play a stock like this it's differnt......but in general my experience with them is that they'll make another run at the highs....the 64 million dollar question though when

[11:51] {ese} right now i'm more or less paying attention to my 15min ch.....and i'm liken a .50 break

[11:52] {ese} or break above that and come back to it

[11:52] {ese} sorry 10min chart

[11:53] {ese} hmmmmm i guess it could be 10 or 15

[11:53] {bkhmd} looks totally different

[11:54] {ese} not to much...10 just stretched out a little more

[11:55] {ese} but ya know........."it's vads world and we just live in it"......anything could happen

[11:56] {Threei} you don't want to live in my world today :)

[11:56] {ese} ahhhhhh ok chief....

[11:57] {bkhmd} Vad you come cut my grass Ill call out the plays today

[11:57] {bkhmd} lol

[11:57] {bkhmd} lol

[11:57] {Threei} in my world today water flows uphill, sun emanates blackness, birds swim the oceans, ships fly all over the skies

[11:57] {bkhmd} easy easy vad it was a joke

[11:57] {ese} whoaaaaaa........

[11:58] {Threei} and to polish it off, I can sing and dance but can't trade

[11:58] {strider} always work for a good song and dance man

[11:58] {larisa} you can dance?

[11:58] {ese} yikes........you and i have reversed roles.......this is not good

[11:59] {magoo} aapl rots

[11:59] {Threei} today obviously yes larisa

[11:59] {ese} now that was funny mags

[11:59] {Threei} I officially pronounce this day Costanza Day

[12:00] {ese} huh? who is that?

[12:00] {ese} or what is that

[12:00] {bkhmd} the guy that went into the pool and had to explain size

[12:01] {ese} rotfl

[12:01] {Threei} ese... Seinfield?

[12:01] {Threei} George?

[12:01] {ese} oh ya ya ya....i remember

[12:03] {ese} L fitb .5099

[12:11] {ese} l fitb avg .529

[12:12] {Threei} Competition Wanted: 65% Favor Removing Anti-Trust Exemption for Health Insurance Companies

[12:12] {Threei} who the hell installed it in a first place

[12:13] {Threei} I amamzed at sheer hypocrisy of regulators creating flawed framework wir scewed interests, then wagging their fingers in outrage at those who operate within that framework

[12:16] {strider} c&h COST

[12:23] {ese} i'm gonna take that out fitb .59 +.07 on 18k is good

[12:27] {larisa} gj

[12:27] {bkhmd} good move ese

[12:28] {bkhmd} congrats

[12:28] {ese} tks......feels like old times the last couple of days with fitb

[12:29] {fernp} GLD on lows

[12:30] {strider} lows?

[12:31] {fernp} thanks ese took +.09 FITB

[12:31] {strider} I got +07...thanks ese

[12:32] {ese} good job boys....and girls....as the case may be

[12:33] {Threei} IRBT Ticking higher as IRBT exec appears on CNBC (13.47, +1.78, 15.23%)

[12:51] {Threei} American International Group, Inc CEO Benmosche: Pay Czar Feinberg advises no clawbacks will be sought from company - Memo

[12:51] {Threei} - Jurisdiction is "quite limited"

[12:51] {Threei} - Company is in "direct, near-daily discussions" with Feinberg

[12:58] {Threei} NVLS... slow steady climb all day, 52 week highs

[13:15] {Threei} can't tell you how temoted I am to short EBAY and wait for end of day dump

[13:15] {nemo} temoted?

[13:15] {nemo} tempted?

[13:16] {larisa} both :)

[13:16] {Threei} you can't decode that all by yourself?

[13:16] {bkhmd} lol

[13:16] {Threei} especially seeing how they are next to each other on jeoyboard?

[13:16] {nemo} yeah, I figured, looking at the keyboard

[13:22] {fernp} 23.28 is the low of the day

[13:23] {ese} temoted?.......cool....... maybe one of the greatest words of all time.

[13:24] {Threei} fern... I'd comment but screw-up fairy that visited me this morning just refuses to leave

[13:24] {nemo} what in the market would cause the most consternation to the most people today?

[13:25] {Threei} I said it a while ago nemo

[13:25] {Threei} staying locked in the range

[13:25] {nemo} missed it, but that's what I was thinking

[13:25] {Threei} no resolution while everypne expects some

[13:25] {ese} if people couldn't temote properly

[13:25] {Threei} nah... that would be expecting too much of them

[13:26] {ese} .......man you can use that word all over......we temote....they temote....nothing like temoting.......lets temote........what a great word

[13:26] {Threei} and just try to ask what "everypne" is

[13:27] {ese} rotfl.......oh man this board is too much

[13:27] {fernp} i am in

[13:27] {fernp} stop .41

[13:28] {Threei} fern... if it works, it has nothing to do with me

[13:28] {ese} ok all....I have to go or i'll get temoted.....take care ....see you all tomorrow

[13:28] {Threei} you'll have temoted it all on your own

[13:28] {Threei} take care ese, good temoting

[13:29] {ese} vad man.....you gotta the thickest skin ever

[13:29] {fernp} ok. no problem

[13:29] {bkhmd} later ease

[13:29] {fernp} small shares

[13:29] {ese} take care

[13:29] {Threei} it's not skin

[13:29] {Threei} it's bark

[13:29] {Threei} with rebars

[13:29] {ese} rotfl.......great way to start my .....hangin with you all

[13:29] {ese} cya

[13:30] {fernp} bye ese

[13:31] {Threei} MSFT CEO Steve Balmer: Seeing some 'buoyancy' in PC markets; could buy 10-20 companies this year - TV interview

[13:31] {Threei} quick everyone, let's styart couple companies

[13:32] {fernp} out

[13:33] {fernp} thinking to trade FOREX, or Asian market, or whaever ....

[13:33] {Threei} lol

[13:33] {Threei} just sit it out

[13:33] {Threei} we are ina very narrow range

[13:33] {fernp} yes

[13:33] {Threei} slightest move causes shakeout

[13:34] {Threei} try to dig yourself out fast, you only dig it deeper

[13:34] {nemo} shoulda' gone hunting today

[13:36] {Threei} NVLS is still climbing

[13:37] {Threei} (US) Fed: 28 large banks would face special "horizontal" compensation reviews

[13:37] {Threei} - Seeking comments of formulated benefits on pay

[13:37] {Threei} - Pay practices contributed to bank losses

[13:37] {Threei} - Proposes ruls to prevent banks' excessive risks

[13:37] {Threei} - Reviewing compensation policies at over 3,000 smaller banks

[13:37] {Threei} - Findings will influence supervisory ratings

[13:37] {fernp} this bounce in EBAY without volume is shortable if lose .40

[13:37] {fernp} under normal conditions .(

[13:37] {Threei} I find it hard to believe... are they private companies or not?

[13:38] {Threei} put limits on how TARP money can be used, sure

[13:38] {Threei} but how can you tell private company what it should pay?

[13:41] {bkhmd} aig having some fun

[13:42] {Threei} AIG CEO: Derivatives exposure has been cut by a third at financial unit (38.32, -0.71, -1.82%) (related CME )

[13:48] {nemo} Oh, by the way, you know all this talk about no inflation...well, at my politically incorrect place, EVERYTHING, including apparel, is up. Some as little as 10% some as much as 60%...what a crock

[13:49] {nemo} good thing you didn't short ebay

[13:51] {fernp} shorted .29 and I was stopped out

[13:51] {Threei} yeah, nemo means that .40

[13:51] {fernp} ah! no, no

[13:52] {nemo} yeah, back when 3i was talking about...fernp, I thought I was the only one who shorted at the bottom

[13:52] {Threei} that's normal in the range

[13:52] {Threei} breaks are trend trades

[13:52] {Threei} range defies tyrend

[14:02] {Threei} no news for this spike

[14:05] {strider} see you guys later....

[14:05] {Threei} take care strider

[14:05] {strider} :)

[14:05] {fernp} bye strider

[14:06] {strider} bye fern, va, nemo, et al.

[14:06] {nemo} cya

[14:07] {bkhmd} later Strider

[14:07] {strider} I am a bear of very small brain, but is seems to me it would be helpful these days to be trading from a 5 min. chart.......just been thinking.....

[14:07] {strider} but you know where thinking gets you. :)

[14:08] {bkhmd} what a surge

[14:08] {nemo} makes us even on yesterday

[14:11] {Threei} no news...

[14:12] {Threei} no idea where it's coming from

[14:26] {bkhmd} amazing

[14:28] {Threei} I am speechless

[14:28] {nemo} rally isn't over

[14:28] {nemo} plus it's op ex week, yes

[14:28] {Threei} well, we haven't made any new highs

[14:29] {fernp} don't worry, AGAM is still at 14.50

[14:29] {Threei} rofl

[14:29] {Threei} fern, this one takes the prize

[14:29] {fernp} :)

[14:29] {Threei} dino's large moth is serously challenged

[14:29] {larisa} lol

[14:30] {larisa} but this one is actually funny

[14:30] {nemo} fcx made a new high

[14:33] {nemo} cya tomorrow

[14:34] {fernp} bye nemo

[14:34] {Threei} take care nemo

[14:39] {Threei} (US) US Fed's Kohn: Fed's AIG and Bear Stearns programs not showing losses

[14:58] {Threei} US) House votes to accelerate implementation of new credit card rules, to take effect 12/1

[14:58] {Threei} - This approval moves up the effective date of the legislation to Dec 1, from February 2010.

[14:58] {Threei} - Note also that the measure includes a provision that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[14:58] {Threei} ***Reminder: On 10/21 Fed's Bernanke commented that moving the implementation date for Credit Card Accountability Act to 12/1 could have unintended consequences. Early implementation could benefit consumers, although smaller businesses may have difficulty in implementing measures.

[14:59] {Threei} look at JAVA

[14:59] {Threei} Dealreporter commenting on possibility Oracle deal to buy Sun could get objection from European Commission

[15:00] {Threei} (US) Feinberg: cuts executive compensation by 50%, limits Salaries to $500K

[15:02] {Threei} Incentive pay must be in long term restricted stock, contingent on performance and TARP repayment

[15:03] {Threei} US Pay Czar... who the hell is coming up with these titles?

[15:10] {Raven} The King

[15:18] {Threei} US Sen Snowe (R): Congress may not finish the health care bill before year end; prefers trigger for option if the cost competition fails - interview

[15:18] {Threei} - notes that the public option places the industry at a disadvantage

[15:19] {Threei} Note: Sen Snowe was the only republican to vote for the Senate Finance commitee version of the health care bill; claims vote was to advance the bill out of commitee

[15:21] {bkhmd} Aig making second attempt to break its day high

[15:21] {Threei} successful too

[15:21] {fernp} FAS vertical

[15:22] {Threei} inkredible

[15:22] {fernp} What is the news? Why everyone is so happy?

[15:23] {Threei} no news whatsoever

[15:23] {Threei} aside of those bits and pieces I posted

[15:24] {fernp} too complex for the mass

[15:24] {Threei} but that's mostly drivel

[15:24] {Threei} ah ah, no losses for the Fed from AIG

[15:24] {Threei} so what

[15:38] {fernp} have a nice rest of the day. I know you all need it. see you tomorrow.

[15:38] {fernp} Good evening everybody

[15:39] {bkhmd} later fern

[15:39] {Threei} take care fern

[15:39] {Threei} AIG

[15:39] {Threei} eod run

[15:41] {larisa} hey I made 5 cents on HIG short, and that was not easy :)

[15:41] {larisa} funny day

[15:41] {Threei} I believe you

[15:42] {Threei} there was nothing about today that would be easy

[15:47] {Threei} {--- envisions magoo making a killing on AIG run

[15:48] {Threei} fess up mags

[15:48] {magoo} trying for .41

[15:48] {Threei} from?

[15:48] {magoo} way lower

[15:48] {Threei} thought so

[15:48] {Threei} your kind of trade

[15:50] {magoo} out

[15:50] {Threei} wtg

[15:50] {magoo} ty vad

[15:50] {Threei} someone had to make mney today

[15:51] {Threei} it sure as hell wasn't me

[15:51] {Threei} but I just scalperd .65 - .82 in two seconds

[15:51] {magoo} in

[15:52] {magoo} wait 42.20

[15:52] {Threei} didn't get even for the day but at least removed insult, left only injury

[15:56] {magoo} cant get it

[15:57] {Threei} too close to eod

[16:00] {bkhmd} good night all

[16:00] {Threei} thank you all

[16:00] {Threei} we will get them tomorrow

[16:00] {larisa} bye :)

[16:00] {bkhmd} thanks for the lesson Vad

[16:00] {Threei} unless they get us

[16:00] {magoo} ty all

[16:00] {Threei} what lesson?

[16:00] {lasertrev} good night

[16:00] {Threei} how to take stop after stop?

[16:00] {bkhmd} every day i learn something new just saying thanks

[16:00] {Threei} :)

[16:01] {bkhmd} good night

[16:01] {Threei} have a good evening, see ou tomorrow

[16:01] {Threei} Amazon.com Inc Reports Q3 $0.45 v $0.33e