Nov 03 2009

Somewhat strange day with somewhat disconnected action - individual stocks did not match indices for the most part. Day finished just slightly positive - unless you felt strong momo on AIG closer to end of day.

Session Time: Tue Nov 03 00:00:00 2009

[07:41] {KSystems} morning

[07:50] {Threei} you sure?

[08:03] {Threei} XOMA Signs Antibody Discovery Collaboration With Kaketsuken (0.67, 0.00, 0.00%)

[08:04] {ese} good morning

[08:05] {Threei} ese :)

[08:05] {ese} morning vad

[08:06] {ese} anything catching your attention today

[08:06] {nemo} dude

[08:06] {ese} dude

[08:06] {nemo} see BNI ese

[08:06] {ese} whoa ho ho.........

[08:07] {Threei} nothing outstanding so far... usual suspects

[08:07] {ese} whats the deal with that

[08:07] {nemo} Kaisa Sosa?

[08:07] {Threei} takeover

[08:07] {ese} up +21

[08:07] {nemo} poor shorts

[08:08] {ese} i'll saty

[08:08] {ese} say

[08:13] {Threei} BLTXX Baltic Dry Bulk Index +1.9% (fourth straight gain)

[08:15] {ese} thats really odd when all the stocks have gone down for the last 6 or 7 sessions

[08:16] {Threei} why... it's not like there is a direct immediate link between economy and stock market

[08:16] {ese} the 12 to 14 that i follow were all red

[08:16] {ese} ture

[08:17] {ese} true

[08:17] {ese} ctsh beats

[08:29] {nemo} what's the ticker for Master Card?

[08:31] {Threei} MA

[08:33] {nemo} ty

[08:37] {fernp} Good morning everybody

[08:37] {ese} hmmmm ya know....not alot of volume comensurate with the ctsh news and hype

[08:37] {Threei} fern :)

[08:37] {ese} fern

[08:39] {strider} morning all

[08:39] {ese} 69k does not a stock move make.......thats shakespere isn't it

[08:39] {Threei} strider :)

[08:39] {ese} ST

[08:39] {strider} hey, 3i, ese

[08:40] {nemo} dunedin

[08:40] {ese} gungdadin ya mean

[08:41] {ese} nah wait a minute....thats a hollywood movie

[08:41] {strider} Dunedin, Florida?

[08:41] {nemo} no...

[08:41] {nemo} Strider was the name of what character?

[08:42] {strider} Aragorn

[08:42] {nemo} very good

[08:42] {strider} ah

[08:42] {strider} got it.

[08:42] {strider} You know, I hadn't read those books when I got the nickname

[08:42] {nemo} You tall

[08:42] {strider} that was 35 years ago.

[08:42] {ese} lol

[08:42] {nemo} books were very popular then

[08:43] {ese} ya wern't we all

[08:43] {nemo} no...I was never tall

[08:43] {strider} Well, just not yet.

[08:44] {strider} You're still growing.

[08:44] {ese} not this dude

[08:44] {nemo} don't think so

[08:44] {cosmo} growing sideways?

[08:44] {strider} When you hit 60, you'll start growing again. Mostly your ears, though.

[08:45] {cosmo} between the ears....

[08:45] {nemo} ears nose and feet never stop

[08:45] {cosmo} my feet stopped

[08:45] {nemo} no, I'm not growing sideways...if anything been losing weight

[08:46] {cosmo} well..slowed

[08:50] {ese} somebody correct me if i'm wrong here........just checking out all the indexes and were at ehh.....like ah.......yer basic critacally suport ta points ehh......yer wit me.....like ahh am i wrong? huh

[08:50] {nemo} well, just looking at stocks I follow, they're at relatively critical support

[08:50] {Threei} I need two bottles of vodka and dp's help to decode this

[08:52] {ese} support points ....support points........whats wrong wit yer.....can't youse undress stand mi's anglish

[08:53] {ese} seems like it's time to long FAZ or sh more FAS

[09:06] {larisa} gm :)

[09:07] {Threei} larisa :)

[09:07] {larisa} vad :)

[09:08] {ese} larisa

[09:08] {nemo} Hi Lari

[09:09] {larisa} hi guys :)

[09:11] {Threei} Deutsche bank analyst: Amends USD forecast; to test 1.55 against Euro and recover in 2010

[09:20] {dino} gm all

[09:20] {Threei} dino :)

[09:20] {lasertrev} gm

[09:21] {Threei} trev :)

[09:24] {dptl} morning

[09:24] {Threei} dp!

[09:24] {Threei} where have you been?

[09:24] {ese} vad....do your setups from your book work in pre market

[09:25] {Threei} if there is a lot of volume yes

[09:25] {ese} ddddddddddppppppppp!!!1

[09:25] {Threei} if trading is thin, less so

[09:25] {dptl} :)

[09:25] {cosmo} they did 10 years ago

[09:25] {nemo} rimm just shorted on one of the setups he uses

[09:25] {ese} ok was just looking at ctsh....and thought L at .51

[09:27] {les} stupid computers. gm all

[09:27] {ese} agreed

[09:28] {Threei} les :)

[09:28] {nemo} what? no French?

[09:29] {nemo} no Dino or Magoo?

[09:30] {les} all flustered Nemo. Changing from trial basis to permanent account on Vad's site a little confusing.

[09:30] {les} And the server speaks to me in a language I have no idea what it was saying

[09:30] {Threei} yeah, type same nick but without underscore... it's killing me {G}

[09:30] {dino} .

[09:30] {les} and no capital L

[09:31] {les} machine has a mind of its own

[09:31] {Threei} you can use capital

[09:31] {les} no, tried and it went apes&it

[09:31] {Threei} no, that was underscore after the name that didn't work

[09:32] {Threei} [09:22] * Les__ was kicked by ChanServ

[09:33] {les} ok

[09:33] {ese} bstop faz 23.44

[09:33] {strider} bstop?

[09:34] {ese} l faz .46

[09:34] {ese} sm

[09:34] {Threei} buy stop - euphemism for entry

[09:34] {Threei} long entry

[09:34] {strider} tanks

[09:35] {les} anyone here have difficulty getting money thru to bear? My bank can't handle routing thru two banks. Anyone worked out with Trev alternative solutions?

[09:35] {les} am in discussion with him for such, but if anyone has a helpful answer...

[09:35] {Threei} Long Setup: HIG .20 break

[09:35] {magoo} morn

[09:35] {nemo} yeah...sure

[09:35] {fernp} 20?

[09:35] {Threei} blew through

[09:36] {fernp} i see

[09:36] {Threei} no chasing, see if pullas back

[09:36] {strider} ask later in the day les

[09:36] {Threei} here we go

[09:36] {Threei} same setup

[09:36] {fernp} stop?

[09:36] {Threei} stop under .10

[09:37] {magoo} which vad?

[09:37] {magoo} no replay

[09:37] {Threei} HIG

[09:37] {nemo} hi mags

[09:37] {Threei} .20 break mags

[09:37] {strider} ou t +.12

[09:38] {Threei} 1:1

[09:38] {fernp} ty

[09:39] {magoo} AONE PULLBK vad

[09:40] {Threei} it's not pullback mags...

[09:40] {Threei} it's seling, pure and simple

[09:40] {Threei} HIG over 1:3

[09:40] {Threei} who held it, get out

[09:41] {Threei} want to see the scariest srtock right now?

[09:41] {Threei} PEET

[09:42] {Threei} dino... your client

[09:42] {nemo} $ up big..dow down..smells like the rally before the fall

[09:42] {magoo} out HIG .64 here TY

[09:42] {Threei} I knew it :)

[09:42] {Threei} welcome sir

[09:43] {magoo} sheesh AIG vad

[09:44] {dino} those coffee plays are tough on me 3i

[09:44] {nemo} aapl weak

[09:44] {nemo} amzn doing nothing

[09:46] {Threei} market should pull back now

[09:46] {Threei} let's see if we can catch HIG on that

[09:46] {Threei} 24.30 would be area of interst

[09:46] {Threei} 34.50 for AIG

[09:47] {dino} cedc

[09:47] {dino} break of .50 sm l

[09:50] {magoo} any bounce read MA vad?

[09:50] {Threei} no

[09:50] {Threei} not ready

[09:51] {Threei} and scary as hell

[09:52] {nemo} rimm on viagra

[09:54] {dino} ice

[09:55] {nemo} amzn very weak

[09:55] {ese} ya know dino with the market starting dn like it did.....nothing hit my min gap 2pts dn screen

[09:58] {dino} hmmm

[09:58] {dino} what i see lately are totally random moves

[09:59] {magoo} sprinkled with a coating oif shakeouts and headfakes

[09:59] {dino} frustration

[10:00] {Threei} *(US) SEPT FACTORY ORDERS: 0.9% V 0.8%E

[10:00] {ese} oki out faz .75 -.59 on 200shs.....wantted to give it a try

[10:00] {magoo} numberso outr vad

[10:00] {Threei} Short Setup: RIMM .40 break half lot

[10:00] {Threei} grrr

[10:00] {Threei} late

[10:00] {Threei} see if bounces back

[10:00] {nemo} wow, shortin at the top

[10:01] {Threei} US) US Sept Durable goods revised to 1.4% from 1.0% prior

[10:01] {ese} oh sure now it reverses

[10:01] {Threei} ok

[10:01] {Threei} same setup

[10:01] {Threei} if stays under .5r

[10:01] {Threei} .55

[10:02] {dino} ash sm l .oo

[10:03] {Threei} no go this time

[10:03] {fernp} out

[10:03] {Threei} first one was the best

[10:04] {fernp} MU forming a jbe

[10:04] {Threei} RCL Exec: not seeing any rebound in bookings - conf call (20.04, -0.63, -3.05%)

[10:06] {strider} aig c&h?

[10:06] {strider} large range

[10:06] {Threei} it's a momo stock, not technical

[10:07] {ese} l ctsh .75 pullback

[10:07] {strider} {-----nono to momo

[10:07] {Threei} Preview: Oct US Vehicle Sales numbers expected throughout the day from major auto makers

[10:07] {Threei} **consensus estimates:

[10:07] {Threei} - Ford: -4.4%e (usually released at Noon ET).

[10:07] {Threei} - GM: +4.5%e (usually released around 1:45pmET).

[10:07] {Threei} - Chrysler: -29%e

[10:11] {ese} stopped ctsh .50 -.25.......ok i'm officially having a lousy trading week

[10:12] {fernp} F breakin hod

[10:12] {dino} get over es, you're better than that

[10:12] {ese} whatever market environment this is ......my indicators are not working

[10:13] {nemo} volatility expanding

[10:13] {dino} i'm struggling last month or so

[10:13] {ese} true....am doing one thing right though.....am going small because i don't trust this environment

[10:14] {Threei} HIG at the high dxespite market pullback

[10:14] {Threei} friking thing moved full dollar since our entry, lol

[10:14] {larisa} hitting .23 res right now

[10:15] {nemo} any words of wisdom Raven?

[10:16] {Raven} huh?

[10:16] {nemo} tck interesting, wedging into 200 wma

[10:17] {nemo} patience, waddya' think about tck?

[10:18] {Threei} never mind Raven, see - nemo just running around asking random people random questions

[10:18] {larisa} lol

[10:18] {nemo} wrong

[10:18] {dino} ash stopped -.33

[10:18] {nemo} patience referred to tck as her "favorite atm"

[10:19] {Threei} Short Setup: CAT .70 breakdown

[10:19] {Threei} if market helps

[10:20] {Threei} and with stop determined by the high of this bounce

[10:20] {Threei} a bit too wide

[10:20] {Threei} aggressive entry ir better idea

[10:20] {Threei} or half lot

[10:22] {Threei} ok, modication

[10:22] {Threei} .85

[10:22] {Threei} if stays under 56

[10:22] {dino} frickin' ash rinse again

[10:24] {Threei} no go

[10:24] {fernp} out

06[10:25] * Raven slaps nemo around a bit with a large trout

[10:25] {Raven} there ... now I will take a hike

06[10:25] * nemo slaps Raven around a bit with a large Hawk

[10:26] {Raven} lol ... later

[10:26] {nemo} thanks for the warning

[10:30] {patience} hi nemo, i have put tck to the side for the short term. i am aggressively scalping goldcorp almost on a daily basis. another atm for me.

[10:31] {nemo} ty

[10:31] {nemo} Vad...

[10:32] {Threei} yeeees?

[10:32] {nemo} cmon....

[10:33] {dino} pru sm l .22

[10:34] {magoo} 'long rimm .50

[10:36] {ese} interesting......huge jump in the transportation sector 157 pts

[10:36] {fernp} PFG valid dbi, Vad?

[10:37] {Threei} yes but its very thin

[10:37] {Threei} be careful

[10:37] {fernp} .80 is the stop right now?

[10:37] {Threei} reaction on Buffer/BNI deal ese?

[10:37] {ese} sorry thats the nasdaq transportation index......maybe vad

[10:37] {Threei} .75, fern...

[10:38] {fernp} thanks

[10:38] {larisa} on what?

[10:38] {fernp} PFG

[10:38] {larisa} ty

[10:38] {dino} out cedc .90, +.40

[10:43] {Threei} can't find squat

[10:43] {Threei} narrow range

[10:43] {nemo} might be the hurry up and wait before FOMC tomorrow

[10:44] {fernp} out here PFG +.20

[10:44] {Threei} wtg

[10:44] {fernp} ty

[10:44] {magoo} RIMM coiling imo

[10:44] {magoo} to .90 area

[10:44] {magoo} there

[10:45] {Threei} Spot gold hits fresh all time highs at $1,075

[10:45] {patience} bliss

[10:45] {Threei} gold and USD decoupled

[10:46] {ese} L ctsh .30

[10:48] {dino} cmi sm l .00

[10:50] {ese} sm by the way with ctsh

[10:52] {ese} vad....if ctsh...breaks .50 here...would you give it a shot at 42.00.....hypothetical question of course

[10:53] {Threei} with market strength, sujre, but I'd still partial along the way

[10:54] {ese} tks......

[10:58] {les} gold & USD going there own ways? haha, Fed's chickens coming home to roost. Screw them, screwing with other peoples' money

[10:59] {nemo} they don't care Les

[10:59] {larisa} you trade on margin les or just cash ? :)

[11:01] {dino} esi sm ; .50

[11:02] {Threei} I am not sure it's indication of anything

[11:02] {Threei} it happened many times ikn the past

[11:02] {Threei} there was period when gold and market moved against each other almost prefectly

[11:03] {larisa} ENER

[11:03] {larisa} getting some buyers into eranings

[11:03] {Threei} we had a month or two of uniterrupted trades on some gold stock against market

[11:03] {Threei} then they decoupled

[11:03] {Threei} and started moving togetyer in w a while

[11:03] {larisa} earnings next Monday, do not think it will be goodthough :)

[11:04] {Threei} same with opil/market/airlines

[11:04] {Threei} oil

[11:04] {Threei} changing their relations

[11:04] {ese} i've been following ener for a while.....pretty solid stock but can't seem to get a break

[11:05] {larisa} "honest" but stupid CEO :)

[11:05] {ese} now thats interesting why?

[11:05] {Threei} Subaru reports Oct US sales +40.7% y/y to 18K units

[11:07] {magoo} how much net profit u think they make on a car?

[11:07] {ese} only thing that i can remember about last q was that they beat the street but revs were a bit down

[11:07] {ese} isn't this the ceo that wants to build battery stations?

[11:08] {les} nothing yet Larisa. Working out with Bear how to get money to their Caribbean hideout.

[11:09] {larisa} yes, ese, i just do not like his background

[11:09] {ese} what is it

[11:09] {dino} esi stopped -.35

[11:09] {larisa} working for auto industry mostly

[11:10] {ese} hmmmm

[11:10] {Threei} RIMM spike

[11:10] {Threei} no news

[11:11] {larisa} but it is not really relevant, short interest on ENER is a monster if it ever starts to move :)

[11:11] {dino} fsgi haircut

[11:13] {strider} earnings call 3PM..fsgi

[11:13] {Threei} wow

[11:13] {Threei} Short Percent of Float

[11:13] {Threei} 33.66 %

[11:13] {Threei} 15,349,000 shares

[11:16] {strider} fsgi, Vad?

[11:16] {strider} re: short stat.

[11:16] {magoo} 3 pm odd?

[11:17] {strider} sorry. that's old data

[11:17] {strider} call was on Oct. 20

[11:17] {strider} my bad.

[11:17] {Threei} no ENER

[11:18] {larisa} ENER Monday earnings I do not think will surprise. They work on some new products now and on process improvements to raise efficiency/cut costs. it will not be out untill Jan though, unless market reacts early. Really want it to clear 13.50 and 15. Want it to dive under 10 even more first :)

[11:20] {magoo} RIMM stroooong

[11:23] {fernp} long time ago I bought a jbe in MU ... out MU from this morning +.10 :)

[11:24] {Threei} lol

[11:26] {dino} out pru .52, +.30

[11:31] {larisa} gj

[11:31] {Threei} 49% Blame Bush for Economy, 45% Blame Obama

[11:32] {Threei} lol, and both are dead wrong

[11:33] {Threei} 45% for Obama, 49% Against If Election Were Held Right Now

[11:33] {Threei} stupid question

[11:33] {Threei} you don't vote against, you vote for the other guy - and without knowing what he would be like, it's meaningless

[11:34] {ese} i dunno.....depends on how you read that......could mean 94% believe they were both to blame toghether

[11:34] {Threei} if it Palin, those 45 for Obama would turn into 75 I suspect

[11:35] {Threei} my point is, whole debacle has little to do with particular president polcies

[11:35] {Threei} and is rooted in the structure flaws

[11:35] {ese} yup

[11:36] {Threei} if track the problem of this particular financial crisis to some action by certain adinistration, tyhen Clinton would be the one to blame

[11:36] {Threei} it's under his watch push to make mortgages affordable for those who couldn't afford them took place

[11:37] {strider} pru

[11:37] {Threei} ok, looks like range is finally getting broken

[11:37] {ese} yes and implemented by former fed govenor

[11:38] {dino} clinton and barney frank

[11:38] {ese} greenspawn.......no pun intented

[11:38] {fernp} Who's the current leader of the Republicans?

[11:39] {strider} hig inverse c&h

[11:40] {ese} no one that i can see.........unless Mcain is at the helm somehow

[11:40] {Threei} .short hig .90 break if stays under 25

[11:40] {Threei} Short Setup: HIG .90 break if stays under 25

[11:40] {Threei} Short Setup: TEVA .80 if stays under .95

[11:42] {fernp} HIG invalidated

[11:43] {Threei} let's make TEVA trigger more precise: .83 break

[11:45] {Threei} HIG

[11:45] {Threei} 25 break

[11:45] {Threei} if stays below 25.10

[11:46] {Threei} die market

[11:47] {magoo} mkt bounce time imo

[11:47] {Threei} HIG certainly agrees with you

[11:47] {nemo} hig

[11:47] {fernp} stopped HIG

[11:49] {Threei} so far kind of market I hate the most

[11:49] {Threei} narrow range with fake breaks

[11:50] {strider} Vad, when you have time, I need some advice on exits. I sometimes get slaughtered on my exits, like HIG just. now

[11:51] {nemo} I know that feeling

[11:51] {Threei} let's trail TEVA to above .90

[11:51] {Threei} how do you exit?

[11:52] {strider} been settin price at .02 outside stop price. When I miss that I go to the bottom of the LVL 2 screen, click on price, and attemtp to exit there. Missed HIG on that also. Ended up -.20

[11:53] {Threei} .02 maybe too tight

[11:54] {Threei} I usually set .03 - .05, depending on how thick stock is

[11:54] {strider} how did yo get out of HIG?

[11:54] {Threei} .11, .12 and .14

[11:55] {strider} to the good?

[11:55] {Threei} ?

[11:55] {strider} oh. ok

[11:56] {strider} what wass your exit price in screen?

[11:56] {Threei} TEVA is oblivious to the market

[11:56] {Threei} good

[11:56] {Threei} .15

[11:56] {strider} ok.

[11:57] {strider} You could use TEVA chart as a straight edge.

[11:58] {nemo} you been drinking strider?

[11:59] {strider} gotta consider the curvature of space, nemo.

[11:59] {nemo} space/time strider

06[11:59] * strider slaps nemo around a bit with a large trout

[11:59] {nemo} knew it was coming

[12:00] {strider} I haven't read the chapter on time yet. Just the one on space.

[12:02] {strider} lots for sale at .80

[12:03] {Threei} next thing you are going to discuss is chronoclastic infundibula I azsuppose

[12:03] {strider} What's there to discuss?

[12:04] {Threei} really... sorry

[12:04] {nemo} mmmmhhhh...mushrooms?

[12:04] {strider} I thought it was all decided.

[12:05] {nemo} apol doing that straight line thing again

[12:06] {fernp} out TEVA ty

[12:07] {strider} trailiing stop, Vad?

[12:07] {nemo} how the paper cuts Vad?

[12:10] {nemo} What are market internals Vad?

[12:12] {nemo} 1:1 teva

[12:12] {Threei} half out

[12:12] {Threei} stop to .84

[12:12] {Threei} .85

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

[12:12] {Threei} - NYSE volume 525M shares, about 8% above its three-month average; decliners lead advancers by 1.3:1.

[12:12] {Threei} - NASDAQ volume 895M shares, about 11% below its three-month average; decliners lead advancers by 1.5:1.

[12:12] {Threei} - VIX index +1% to just over just above 30.00

[12:13] {nemo} ty

[12:15] {les} Is it saying anything Vad, NYSE above average and NASDAQ below?

[12:15] {Threei} okay TEVA... take me to breakeven for the day, will ya

[12:16] {Threei} les... gotta view these things in dynamic, day by day, in order to say anything more definite,

[12:16] {nemo} a day only a broker could love

[12:16] {fernp} it did that for me. Now i am up 2 bucks :-)

06[12:16] * nemo slaps lasertrev around a bit with a large trout

[12:16] {Threei} one day can be just a fluke

[12:16] {Threei} msotly it's about sectors representation

[12:16] {Threei} lol fern

[12:17] {fernp} it is true

[12:17] {Threei} don't spend it asll at one place

[12:17] {nemo} does that include transaction costs?

[12:17] {Threei} les... NASDAQ is more tech-heavy,

[12:17] {Threei} while most finnies are on NYSE

[12:18] {Threei} so, if you look at sectors map, you can roughly judge how volume distributes bbetween exchanges

[12:18] {fernp} don't want to look at commissions nemo...

[12:18] {Threei} but overall, weighting between sectors is more meaningful than between exchanges

[12:18] {nemo} look at the home page of finviz.com les

06[12:21] * Threei slaps larisa around a bit with a large box of frozen caviar

[12:22] {nemo} pleasure and pain...kewl

06[12:23] * Threei slaps dptl around a bit with a large box of vodka delivered from the deep freeze

[12:24] {nemo} that's interesting..the previous candle on my rimm chart is moving

[12:24] {nemo} must be a food poisoning relapse

[12:24] {nemo} or, I ate some funny mold with my bread

[12:25] {Threei} that's rifght out of Soviet Union nemo,

[12:25] {nemo} what?

[12:25] {Threei} we used to call it "a country with unpredictable past"

[12:25] {nemo} my favorite saying "HIstory is merely a fantasy upon which we all agree."

[12:25] {dino} ash sm l .75

[12:26] {fernp} your trailed stop in TEVA is .80 or .85?

[12:26] {Threei} .85

[12:26] {fernp} ty

[12:27] {strider} FSGI--would it count as a dbl bottom?

[12:28] {nemo} yes strider, perfectly

[12:28] {fernp} the another jbe I bought this morning: F, has reached my 1:1. Out .60 +.10 (lucky)

[12:28] {strider} nemo...when you buy yours, how about getting me 500 shares...I'll pay you back.

[12:29] {strider} out of my profits.

[12:29] {nemo} that's a "Dino" stock

[12:29] {Threei} so fern, it's up 102 now??

[12:30] {strider} Yeah. And only .09 spread.

[12:30] {fernp} I play my "calls" w/a different broker

[12:30] {dino} esi last try sm l .08

[12:30] {nemo} not my cup of poison

[12:30] {fernp} and your calls in Laser

[12:30] {Threei} interesting... why?

[12:30] {Threei} slower stocks vs faster ones?

[12:31] {dino} scanners all green

[12:31] {fernp} only statistics purposes, Vad

[12:32] {fernp} and you WIN

[12:32] {fernp} :-)

[12:32] {Threei} got it

[12:32] {fernp} but today, I am up with my other broker 228

[12:33] {Threei} cool... balance

[12:36] {strider} good play esi ese

[12:36] {Threei} NSANY Reports US Oct vehicle sales +5.6% v +3%e to 53.6K units; vs -7% y/y in Sept (55.4K units)

[12:37] {dino} s/p ndx green

[12:37] {Threei} DAI.GE Reports US Oct sales +21.3% y/y to 18.2K units (ex smart)

[12:37] {Threei} - Incl Smart car Mercedez Benz +9.4% y/y

[12:37] {Threei} VOW.GE Audi reports US Oct sales -1.1% y/y to 7.36K units

[12:37] {strider} QQQ in the green

[12:38] {Threei} Reports US Oct vehicle sales +3.1% (unadjusted) v -4.4%e (adj); to 137K units; vs -5.1% y/y in Sept

[12:38] {Threei} - on an adjusted basis, Ford sales roughly -0.5% v -4.4%e (adj

[12:38] {Threei} F

[12:38] {Threei} is it car sales that lift the market??

[12:38] {dino} could be anything

[12:39] {Threei} cash for clunkers was over before Oct, right?

[12:39] {nemo} yep

[12:39] {dino} yes over in aug

[12:39] {Threei} then October numbers are pure, without that bs

[12:39] {nemo} yep

[12:39] {Threei} quite possible this is moving factor

[12:40] {Threei} look strangely nice

[12:40] {Threei} everyone expected sales to go back in crapper after program completion

[12:41] {nemo} ou out of teve?

[12:41] {nemo} teva

[12:41] {dino} hard stops to .45 cmi, b/e ash, .38 esi

[12:41] {dino} untrusting

[12:42] {dino} esi to .48\

[12:42] {dino} cmi out +.44 slp

[12:42] {dino} esi out +.40

[12:43] {Threei} wtg

[12:43] {dino} ash flat

[12:44] {strider} CREE

[12:45] {dino} hmmm

[12:45] {strider} news?

[12:46] {Threei} no

[12:46] {patience} nope, patience bought more bullion etf's

[12:47] {strider} good plays, dino.

[12:47] {dino} no news strider, just the efficeincy of the market, lol

[12:47] {dino} thks

[12:47] {dino} scanner tipped me off

[12:48] {Threei} I probably forgot tio tip mine

[12:48] {strider} is CREE reasonable on break of high?

[12:48] {Threei} this is one of those stocks that hurt you on exit

[12:48] {Threei} why not focus on thicker ones?

[12:49] {Threei} look how thin it is

[12:49] {strider} yes

[12:59] {Threei} YHOO Planning to test its "real time" search starting this week - WSJ cites sources

[12:59] {Threei} - Yahoo will display search results from the startup company OneRiot and will initially cover about ...more... (related MSFT GOOG )

[13:00] {Threei} will initially cover about 10% of Yahoo searches.

[13:00] {Threei} - OneRiot prioritizes search results based on their current popularity among internet users producing results based on what people are talking about right now.

[13:01] {dptl} .

[13:06] {dino} going green again

[13:10] {les} Great. So OneRiot gives me Oprah and Dave Letterman when I search for newsworthy items in the US?

[13:19] {Threei} Chrysler Oct sales y/y -30% (unadjusted) v -29%e (adj), to 65,800 units

[13:19] {Threei} - adjusted Oct sales approx -33% v -29%e (adj)

[13:20] {Threei} F Exec Sales analyst: Oct Industry incentive spending -10% y/y; Ford incentives -30% y/y - conf call comments

[13:20] {strider} RIMM?

[13:23] {Threei} don't know what to say

[13:24] {Threei} this is not my market

[13:24] {Threei} less than 15 points NQ range

[13:24] {strider} You know what, VAd?

[13:25] {strider} Just GO HOME

[13:25] {Threei} yesss!!!

[13:25] {Threei} thak you

[13:25] {strider} well thak you right back.

06[13:25] * fernp slaps strider around a bit with a large trout

[13:25] {larisa} you are too new strider, can not do that :)

[13:25] {Threei} too late

[13:25] {strider} Oh. I've been overruled.

[13:25] {strider} I recant.

[13:25] {Threei} all I need is someone letting me go

[13:25] {larisa} lol

[13:26] {les} HGSI good for a couple of cents?

[13:26] {strider} All I know is I'm just a tiny bit green. And I''m done.

[13:26] {Threei} yes... but then again you will want to know which way

[13:26] {strider} You all would call it flat.

[13:26] {les} :) knew you were gonna say that

[13:27] {Threei} TM Reports US Oct vehicles sales -3.5% v -7%e

[13:27] {Threei} BMW.GE Reports Oct US sales 20,619 units, -19% y/y (vs. +3.6% y/y to 19.2K units in Sept)

[13:28] {Threei} CNN showed Russian forklift worker crashing huge wall of boxes with vodka in some warehouse, guy was drunk

[13:29] {Threei} I think wat they didn't show us is how he was hanged by co-workers

[13:29] {nemo} I'd be more surprised if he weren't

[13:29] {nemo} drunk that is

[13:29] {Threei} yeah, as if anyone works sober in that place

[13:29] {larisa} http://www.youtube.com/watch?v=UWxiL3lyA5M

[13:29] {nemo} we shouldn't throw stones

[13:30] {Threei} this is it larisa, ty

[13:30] {larisa} hubby told me about it yesterday :)

[13:31] {Threei} now, if you can find english version of Sobranie na likero-vodochnom xavode for our english-speaking friends...

[13:31] {larisa} I can not :)

[13:33] {Threei} I wouldn't even try to translate it, requires higher literture skills than mine

[13:34] {nemo} wow rimm has actually stayed under it's 26 ma for more than 5 minutes, it might actually be a short.

[13:34] {nemo} not that I would, mind you

[13:34] {Threei} on 59 break?

[13:34] {nemo} yeah, but I don't trust it, because it's been so strong

[13:34] {Threei} I like it

[13:35] {strider} It dipped to .94 just 8 minutes ago.

[13:36] {strider} 10 minutes...I can't count.

[13:36] {Threei} it's OK

[13:36] {nemo} go drive a forklift

[13:36] {Threei} there are three kinds of people

[13:36] {Threei} those who can count and those who can't

[13:37] {strider} yeah..sure.

[13:37] {strider} :)

[13:37] {strider} I got a .10 scalp out of the range awhile ago.j that's what put me in the green.

[13:37] {Threei} HGSI momo

[13:37] {nemo} yea, from the get go this mornin'

[13:39] {strider} I"m out here. Probably be back before close.

[13:40] {fernp} bye strider

[13:40] {nemo} strye bider

[13:41] {Threei} oh boy

[13:41] {Threei} someone turn nemo off please

[13:41] {nemo} aw cmon' I've been extremely well behaved today

[13:42] {Threei} well... true

[13:42] {Threei} by your standards at least

[13:42] {nemo} I figured that would get to you :)

[13:42] {fernp} RIMM short 59 break w/stop above .20?

[13:43] {Threei} I'd keepi it around .15

[13:43] {magoo} rimm aweful strong to short..a scalp maybe ..but

[13:44] {Threei} I don't know mags, seems to be reversing

[13:45] {Threei} this rounding top can easily take it to 58.50

[13:46] {nemo} .64 is support with the 200 just behind it

[13:46] {Threei} GM Reports US Oct vehicle sales 4% (unadjusted) v +4.5%e to K units; vs -47.1% y/y in Sept

[13:46] {Threei} 1:1

[13:46] {Threei} covering half

[13:46] {Threei} scalpers take profit

[13:47] {Threei} OK, I am finally green

06[13:48] * Threei slaps dptl around a bit with a large green tree on large green branch of which large green leaves grow, in a form of green YS dollars

[13:51] {dptl} :)

[13:52] {fernp} MGM trying to break hod

[14:00] {dino} vmc sm l .00

[14:06] {fernp} 1:1 MGM

[14:09] {dino} gj

[14:10] {fernp} ty

[14:18] {Threei} I don't remember such disconnect between indices and individual stocks

[14:19] {Threei} no wonder I have hard time finding plays

[14:19] {Threei} it must be larisa's fault

[14:19] {nemo} yeah, didn't trust rimm break of .14

[14:22] {les} AIG

[14:24] {larisa} scalped RIMM short off top, covered too soon

[14:24] {larisa} was afraid it will go for 60

[14:24] {nemo} ballsy

[14:25] {nemo} probably will

[14:28] {larisa} round numbers are loved by traders, always need to consider those

[14:28] {nemo} r3 is 60.09

[14:33] {nemo} doesn't want to close above r3 yet

[14:34] {larisa} just over 60 is where "they" wll suck as many as they can in, then.. we will see :)

[14:34] {nemo} yep

[14:34] {larisa} hate breakouts and can not play those

[14:34] {nemo} by the way, cat might be breaking trend here

[14:34] {nemo} yep

[14:38] {magoo} we in anything ?

[14:38] {nemo} coma

[14:38] {larisa} btw, AMZN weakness in the morning on weakness was good, nemo. I just was too chicken to take it after it spiked a dollar.Was right back at support, but my spirit was broken :)

[14:39] {nemo} I'm sorry

[14:39] {larisa} lol

[14:42] {nemo} big volume spike in aig couldn't propel it

[14:42] {nemo} nevermind

[14:44] {Threei} AIG getting momo

[14:45] {magoo} ya, was judst saying to dino 38 may be in the cards

[14:46] {Threei} HIG

[14:46] {Threei} retreat into support

[14:48] {Threei} pullback time AIG

[14:49] {magoo} out .72

[14:49] {magoo} :) u knew

[14:49] {Threei} lol

[14:49] {Threei} from?

[14:49] {magoo} .50

[14:49] {magoo} but itslike my 3rd scalp on it

[14:49] {Threei} a lot of chasing...

[14:50] {magoo} no...been in and out 3 times from 36

[14:50] {Threei} okay

[14:50] {magoo} wait, friom 35 '

[14:51] {magoo} 39 now lookith good

[14:52] {magoo} [14:45] {magoo} ya, was judst saying to dino 38 may be in the cards

[14:53] {Threei} good feel

[14:54] {magoo} near 40 coming..40 tough nut to crack, but we got an hour

[14:54] {magoo} if IF takes 40.....42 area

[14:54] {larisa} no way, it is topped :)

[14:54] {magoo} wanna bet?

[14:54] {larisa} sure

[14:54] {larisa} wait.. no :)

[14:54] {magoo} u think 38.21 top?

[14:54] {magoo} nuts

[14:55] {larisa} look at this crazy pace.. top

[14:56] {nemo} glad I listened to magoo...

[14:56] {nemo} ...not

[14:56] {larisa} lol

[14:56] {magoo} dude..i got till 4 pm

[14:57] {nemo} yeah and r3 is around 39.40...seen aig do this before

[14:58] {nemo} last man off the titanic

[14:59] {magoo} u know..if hits 39.40 i still had a good call...sigh

[14:59] {nemo} absolutely

[14:59] {larisa} I agree

[14:59] {magoo} [14:54] {magoo} near 40 coming..40 tough nut to crack, but we got an hour

[15:00] {larisa} my problem is : I only think about next 20 cents :), magoo thinks about next 2 bucks

[15:01] {magoo} also, its easy to criticize if not playing

[15:01] {magoo} i'm scalpin these calls

[15:01] {nemo} momo magoo

[15:01] {magoo} get UUUUPPPPPPPPPPP

[15:01] {larisa} lol

[15:01] {magoo} waiting .69

[15:01] {magoo} from 38

[15:07] {magoo} raising exit

[15:07] {nemo} to what?

[15:07] {magoo} .89

[15:08] {Threei} lol

[15:08] {nemo} 26 ma?

[15:08] {magoo} vad..i feel your pain :)

[15:08] {Threei} welcome to my hell

[15:08] {nemo} warm up the indecent profits slap

[15:08] {magoo} he was raggin me when it was 37.70

[15:09] {magoo} ive given him 2 points on a tight day imo

[15:09] {magoo} .62's

[15:09] {magoo} my first target .69

[15:09] {nemo} mmmhhhh

06[15:10] * Threei slaps magoo around a bit with a large roll of cash

[15:12] {magoo} OUT .89 BLAHHHHHHHH

[15:12] {nemo} aw cmon'wait till 40

[15:12] {magoo} [14:54] {larisa} no way, it is topped :)

[15:12] {magoo} [14:54] {magoo} wanna bet?

[15:12] {magoo} [14:54] {larisa} sure

[15:12] {magoo} [14:54] {larisa} wait.. no :)

[15:12] {magoo} [14:54] {magoo} u think 38.21 top?

[15:12] {nemo} I didn't say tht

[15:12] {magoo} [14:56] {nemo} glad I listened to magoo...

[15:12] {magoo} [14:56] {nemo} ...not

[15:13] {nemo} on the drop...then see what I said right after?

06[15:13] * Threei slaps nemo around a bit with a large stone inscribed For the lack of faith

[15:14] {magoo} this is an UPWARD frenzy...not a topping frenzy...go to trading manuel and re-read

[15:14] {nemo} [14:57] {nemo} yeah and r3 is around 39.40...seen aig do this before

[15:14] {Threei} I hate to say... but he is right

[15:14] {nemo} [14:59] {magoo} u know..if hits 39.40 i still had a good call...sigh

[15:14] {nemo} [14:59] {nemo} absolutely

[15:15] {Threei} this kind of pace is one of signs of momo

[15:15] {Threei} and I taught him that

[15:17] {larisa} made 30 cents on AIG short scary :)

[15:18] {Threei} wtg

[15:18] {Threei} gutsy

[15:18] {nemo} see if it blows through .34

[15:18] {larisa} 39.37 entry into res

[15:19] {magoo} somehow i feel u did that to spit me lol

[15:19] {Threei} true mags

[15:19] {magoo} i wont touch a short on it today

[15:19] {nemo} You know why we're still not in the Garden of Eden?

[15:19] {Threei} she dcced me and said I will short that sucker till 30, in spite

[15:20] {magoo} spit=spite

[15:20] {nemo} both?

[15:20] {larisa} I do not trade that way :) it was res with div.. valid call, just for scalp

[15:20] {Threei} plus spite

[15:20] {larisa} may be a little

[15:20] {Threei} hehe

[15:20] {nemo} wow, an honest woman...

[15:21] {Threei} what wow

[15:21] {nemo} mmmmhhhh...this is taking too long

[15:21] {Threei} we doln't let any other in this room

[15:21] {nemo} whew...

[15:21] {nemo} good think I'm not a woman

[15:22] {larisa} lol

[15:22] {Threei} although the way you tried to get me drunk...

[15:22] {Threei} on that boat in nassau

[15:22] {nemo} Oh stop...I was working on the Chinese chick

[15:23] {Threei} uhhu... her husband was very interested in that too

[15:23] {nemo} they always are...almost

[15:23] {magoo} in again LONG

[15:23] {Threei} mags... scalp

[15:23] {Threei} honestly

[15:23] {nemo} from where 39?

[15:23] {magoo} exit like .77

[15:23] {Threei} risk of double top is enormous here

[15:24] {nemo} well, it wouldn't be mags otherwise

[15:24] {magoo} ill cut it quick

[15:25] {nemo} yeah, breaks have been technical today and you're at an extreme already

[15:27] {larisa} everybody has its own way guys, do not push him

[15:27] {nemo} no, just looking at the chart with pivot points...look at the breaks since R1

[15:28] {larisa} I see that, but he looks at different things :) I do not know which once :)

[15:29] {magoo} needs to take out fitty here

[15:30] {larisa} we have technicals at .38 and we have madoochnicals at .50 :)

[15:30] {larisa} d=g

[15:30] {Threei} my typing is contagious

[15:30] {magoo} sigh

[15:31] {magoo} handed on a silver platter

[15:31] {Threei} Tuesday, November 03, 2009 3:31:07 PM

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

[15:31] {Threei} - NYSE volume 1.02B shares, about 15% above its three-month average; advancers lead decliners by 1.6:1.

[15:31] {Threei} - NASDAQ volume 1.76B shares, about 5% below its three-month average; decliners and advancers are about even.

[15:31] {Threei} - VIX index -2% to just over just above 29.00

[15:31] {nemo} my quotes froze

[15:32] {Threei} need something?

[15:32] {magoo} out .67 HAH

[15:32] {nemo} been having trouble with quote servers the last couple of days

[15:33] {magoo} me too

[15:33] {magoo} vad, no nice read or nuttin?

[15:33] {magoo} SIGH

[15:33] {Threei} read?

[15:33] {Threei} it's not read, it's sense

[15:33] {Threei} feel

[15:33] {Threei} smell

[15:35] {nemo} gonna' get 40

[15:35] {magoo} 40 a tough level

[15:36] {larisa} too close not to take it now

[15:36] {magoo} im flat fyi

[15:37] {nemo} what...for today?

[15:37] {Threei} lol

[15:37] {larisa} magoo, how do you trade momo like that ? you taking cross of even numbers and .50 ?

[15:38] {larisa} I am just interested :) unless it is a secret strategy

[15:39] {dino} he's a time traveler

[15:39] {larisa} lol

[15:39] {Threei} onewho shot the deer?

[15:40] {magoo} flat means no positions on at the moment

[15:40] {magoo} im up pretty good $$

[15:41] {larisa} gj

[15:42] {magoo} [15:37] {magoo} im flat fyi

[15:42] {magoo} [15:37] {nemo} what...for today?

[15:42] {dptl} have a good evening all :)

[15:42] {Threei} take care dp

[15:42] {magoo} u 2 dp:)

[15:43] {magoo} i dont like the long risk AIG here

[15:43] {magoo} with futes fallin

[15:50] {larisa} AIG, you have to try

[15:50] {magoo} not me

[15:50] {magoo} done with it

[15:50] {larisa} I am talking to the stock silly

[15:50] {dino} lol

[15:50] {Threei} tat's OK larisa

[15:50] {Threei} it's when it starts talking back you have to worry

[15:51] {larisa} they do not talk to me back, i wish they did

[15:51] {Threei} they talk to me all the time

[15:51] {nemo} they're afraid of you

[15:51] {dino} they show up in my dreams lot

[15:51] {Threei} my shrink says it's not good

[15:52] {Threei} and my parole officer says it's illegal - unless I give him stock tips

[15:52] {nemo} I'll buy one share at 40 for Lari

[15:53] {larisa} do not, it is just gonna kill stops at 40 and fall

[15:54] {nemo} out

[15:55] {larisa} :)

[15:55] {Threei} +$7?

[15:55] {Threei} I mean .07

[15:55] {nemo} .04

[15:55] {Threei} modest

[15:55] {Threei} humble

[15:55] {Threei} nimble

[15:55] {nemo} it was just for Larisa

[15:56] {larisa} ty :)

[15:56] {nemo} frankly, I figured I'd get stopped

[15:56] {nemo} it was just 1 frickin' share

[15:56] {Threei} white knight... read to get killed for a damsel

[15:57] {Threei} and damsel isn't even in distress

[15:57] {Threei} fantastic read larisa

[15:57] {nemo} yeah, I'm like that...Ever tell you about the time I came to the defense of an old shopkeeper...6 against 1 and I end up on charges

[15:57] {nemo} sheesh

[15:57] {Threei} killed stops and dropped 60 cents in a blink of eye

[15:58] {nemo} think Magoo shorted at 40?

[15:58] {dino} out vmc flat

[15:58] {larisa} in spite?

[15:58] {Threei} lol

[15:58] {Threei} okay guys

[15:58] {Threei} strange day

[15:58] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {nemo} I guess that's fitting for us

[15:59] {Threei} see you tomorrow

[15:59] {larisa} bye :)

[15:59] {nemo} basta manana

[15:59] {fernp} good evening everybody

[15:59] {nemo} congrats mags

[16:00] {magoo} ty all

[16:00] {Threei} great job

[16:00] {magoo} larisa read it well too

[16:00] {magoo} the vopice of reason lol

[16:00] {Threei} momo is your naative environment

[16:01] {strider} Did I miss anything?

[16:01] {magoo} not much

[16:01] {magoo} he he

[16:01] {Threei} lol

[16:01] {strider} whaaaaat?

[16:01] {Threei} 2 dollars run on AIG

[16:01] {Threei} other than that, nothing

[16:01] {strider} yo momma