Nov 04 2009

Nice day with 4 wins out of 5 calls, and the stop was whooping 6 cents. The only disappointment was that we got the right read on the selling closer to the end of day but haven't found right entry for FAZ, missing potentially full dollar play.

Session Time: Wed Nov 04 00:00:00 2009

[07:10] {ese} good morning.......

[07:11] {ese} i have this sneaking suspicion that no one is going to be up this early but i'm just chiming into to say that i have to catch a 7:00am ferry off the island

[07:13] {ese} my rhythm and blues band is heading to Kelowna British Columbia today for a show this evening and tomorow morning.......may not see you all until friday morning

[07:14] {ese} am still long my sm position in ctsh at 41.30 and have a sell order in for 1/2 at 42.00

[07:15] {ese} am going about it vads way finally and letting 1/2 ride

[07:24] {ese} with other 1/2 stop at break even

[08:08] {nemo} dunedin :)

[08:08] {strider} morning nemo

[08:08] {nemo} dude :)

[08:08] {nemo} How's the weather down your way strider?

[08:08] {strider} Did you see STEC?

[08:09] {nemo} wow...another downgrade?

[08:10] {ese} have a great day all am outta here

[08:10] {nemo} why ese?

[08:10] {strider} no. Just some news about a customer having more inventory than expected.

[08:10] {strider} ese:)

[08:11] {strider} Listened to conference call last night. Didn't seem so terrible to me, but what do I know?

[08:11] {nemo} well...a couple of months ago they got kiboshed by the perceived threat of coming competition

[08:12] {strider} Yeah. dino pointed it out to me. He said you & he played it then.

[08:12] {nemo} yeah

[08:12] {nemo} looks like it might break here

[08:12] {strider} I'm long sm in another acct..from 15.99

[08:12] {strider} fromm last night.

[08:12] {nemo} really?

06[08:13] * nemo slaps strider around a bit with a large trout

[08:13] {strider} yeah

[08:13] {nemo} there she goes

[08:13] {strider} Well there was 45% short going into last night, so...

[08:14] {nemo} aig and rimm should be players today after yesterday...famous last words, of course

[08:14] {strider} seems like some of those guys should be covering about now.

[08:14] {nemo} where do you get your short info?

[08:14] {strider} unless they covered last night.

[08:15] {strider} Yahoo finance? Is it wrong?

[08:15] {nemo} with any of that stuff, it's how fresh the data

[08:15] {strider} They only publish it once a month , don't they? Was from the middle of October.

[08:16] {nemo} That's my point. Like swinging at a fastball after the catcher is throwing it back to the pitcher

[08:19] {Les} gm

[08:19] {nemo} perhaps

[08:19] {nemo} no French?

[08:21] {KSystems} morning

[08:22] {nemo} Gruezi

[08:23] {Les} no, my french sucks

[08:24] {Les} written french that is, can speak it ok

[08:24] {nemo} yeah, but we won't know

[08:24] {Les} true. "Gruezi" sounds impressive. is it a real word?

[08:24] {nemo} In the kindgdom of the blind the one eyed man is king

[08:25] {nemo} yeah, Bayerisch...

[08:25] {nemo} K is German (northern)

[08:26] {Les} wow strider you were listening in on a conference call. I thought by hanging out here I could avoid that sort of nerdish stuff? :)

[08:26] {nemo} You can Les

[08:27] {nemo} damn! adult supervision just showed up

[08:27] {nemo} Hi Raven

[08:27] {Raven} morning

[08:27] {nemo} agreed

[08:28] {Les} gm Raven. What's with the little speaker icon marked "voice" next to your name?

[08:29] {Raven} dunno ... you must not be logged on with MIRC ... I see no such icon

[08:29] {Les} can't remember which is which. I haven't downloaded the other software yet for accessing this blog. Should I?

[08:30] {cosmo} blog?

[08:30] {Raven} morn c

[08:30] {Les} chat/blog etc etc

[08:30] {cosmo} mourn r

[08:30] {nemo} try it and see if you like it les

[08:30] {nemo} cos

[08:30] {magoo} morn

[08:30] {nemo} Hi Mags :

[08:31] {strider} main thing about mIRC is that it makes better use of monitor space, imo.

[08:31] {cosmo} morn rather

[08:31] {nemo} gonna' chop up aig again Mags?

[08:31] {Raven} mourn is OK

[08:31] {cosmo} its seasonal

[08:31] {nemo} don't forget Strider, yo can trout

[08:32] {Raven} yea ... weather looks like mourn around here

[08:32] {cosmo} three days after a nite on bald mountain

[08:33] {nemo} Ahhh...I favor the quiet of Pictures at an Exhibition

[08:33] {Raven} maybe that's it

[08:33] {Raven} Respeegee

[08:33] {Raven} lol

[08:34] {nemo} had a night like that on an island once cosmo. Thought the lodge was gonna' blow down

[08:34] {cosmo} Ottorino Respighi - AllTheAnswers.com

[08:34] {cosmo} Prounciation: [respeegee] ... Dates: (18791936)

[08:35] {Raven} nice

[08:36] {cosmo} ....next one

[08:40] {nemo} Mussorgsky

[08:40] {cosmo} hmm

[08:40] {nemo} "next one"

[08:40] {magoo} glad NJ thru thaat asshole corzine out : )

[08:41] {nemo} won't make a difference

[08:41] {magoo} well..it hurts him and that helps lol

[08:41] {Threei} morning

[08:41] {Threei} lol mags

[08:44] {magoo} vad:)

[08:46] {Threei} Les, look dcc please

[08:47] {Threei} Meredith Whitney out with two reports reaffirming her long term cautious view on the Banking Sector

[08:47] {Threei} - Reiterates core view that current expectation on banking est's will continue to dissapoint

[08:47] {Threei} - Belief based on 4 key elements: further deleveraging, industry restructuring, on-going regulatory uncertainity and further withdrawal of credit from system

[08:47] {Threei} - See up to $7T in unused credit facilities being reduced through Q4 2010

[08:47] {Threei} - Note: Today's note makes no ratings changes: JPM, BAC, GS, MS, AXP, DFS still rated Neutral; WFC, C still rated Sell

[08:56] {fernp} Good morning everybody

[08:56] {Threei} fern :)

[08:56] {nemo} looks like strong up day to start

[09:00] {Threei} *(US) TREASURY'S QUARTERLY REFUNDING: TOTAL $81B

[09:00] {Threei} - 3 year notes:$40

[09:00] {Threei} - 10 year notes:

[09:00] {Threei} - 30 year bonds: $16B

[09:00] {Threei} - TIPS

[09:00] {strider} gm everyone

[09:01] {Threei} strider :)

[09:01] {strider} vad:)

[09:02] {Les} gm vad. dcc?

[09:02] {Threei} private message

[09:02] {strider} dcc=desultory carbon copy

[09:02] {Threei} look for new cgannel with my nick

[09:05] {cosmo} STEC pre mkt high = 16.23 fwiw

[09:05] {cosmo} should hold 16

[09:05] {nemo} I've got 16.35 pre market cos

[09:05] {Threei} hey guys... before you started stressing out over something trading related, have a look at http://www.realitytrader.com/photography/

[09:05] {cosmo} oops

[09:06] {nemo} shrooms

[09:06] {cosmo} well....flashbacks maybe

[09:06] {nemo} beautiful area Vad..saw those last night

[09:06] {Threei} :)

[09:11] {strider} Those pics look great, vad. How long you been doing photog?

[09:11] {fernp} those places really exist or are virtual places? :-) nice pics, Vad

[09:11] {Threei} they do fern, just ask patience or ese :)

[09:11] {Threei} depends on how you count strider...

[09:12] {strider} fingers and toes?

[09:12] {Threei} first camear I held in my hands was Smena 6, and I was 8

[09:12] {cosmo} nice racoon you got there

[09:12] {Threei} developing B&W film and making prints in my own darkroom

[09:13] {strider} If you can remember that, it obviously was important to you then.

[09:13] {Threei} something fascinated me about it that early, yes

[09:13] {Threei} now, 40 years and countless cameras later, it became major hobby

[09:14] {lasertrev} morning

[09:14] {Threei} trev :)

[09:14] {strider} Do you sell them?

[09:14] {Threei} only as a stock, just to make a hobby pay for itself

[09:15] {cosmo} the real money comes after the artist dies

[09:15] {Threei} but I will look into selling them as prints... when I find time to look into it :)

[09:15] {strider} STEC isn't exactly jumping off the chart, is it nemo?

[09:15] {Threei} hmmm... don't give me any ideas cosmo

[09:15] {cosmo} consider it .. the boobie prize

[09:16] {Les} saw your photo of magic mushrooms Vad. Cool acid trip, all those pretty colours.

[09:16] {nemo} no Strider

[09:21] {larisa} gm :)

[09:21] {nemo} suspects Vad?

[09:21] {Threei} larisa :)

[09:21] {Threei} ummm

[09:22] {Threei} not that she is suspect

[09:22] {larisa} lol

[09:22] {dino} gm all

[09:22] {nemo} femme fatale that one

[09:22] {Threei} dino :)

[09:23] {Threei} so far usual ones plus STEC

[09:26] {strider} fwiw,vad, STEC was 45% short from Oct.

[09:27] {Threei} that's a lot of people celebrating today

[09:27] {strider} yep. Question is, did they bail out ah yesterday, or are going to do so today?

[09:27] {dptl} morning all

[09:27] {Threei} dp :)

[09:27] {Threei} some will do today... some will hold out for more,,,

[09:29] {magoo} whats AMZN short interest nemo?

[09:29] {nemo} 5.14%

[09:30] {Threei} PIMCO's Crescenzi: Fed unlikely to make any major changes in today's policy statement

[09:30] {Threei} - Reminder: reports circulated last week in the FT stating that the Fed was considering softening its committment to keeping rates low "for an extended period"

[09:30] {magoo} ty

[09:30] {Threei} HIG sharp dive

[09:30] {magoo} AIG too

[09:31] {Threei} see if it does it again

[09:31] {Threei} feels like new low

[09:31] {Threei} not likely to hold the low of first drop

[09:31] {Threei} don't rush in

[09:32] {Threei} here is new low

[09:32] {Threei} a bit too hectic here

[09:32] {magoo} i cant help myself he he

[09:32] {Threei} lol

[09:32] {Threei} sheesh

[09:32] {nemo} scorpion and the frog

[09:34] {nemo} where you in mags?

[09:34] {magoo} not

[09:34] {nemo} good thing I was sitting down

[09:34] {Threei} new low is coming IMO

[09:35] {magoo} RIMM hit

[09:39] {Threei} Long Setup: HIG .80 break if stays above .70

[09:39] {nemo} sigh

[09:39] {Threei} invalidatedx

[09:39] {nemo} thank god you didn't spell it correctly

[09:40] {Threei} save it for later please

[09:40] {nemo} k

[09:40] {Threei} Long Setup: HIG .60 break if stays above .50

[09:41] {magoo} in

[09:41] {Threei} Preview: Oct ISM Non-Manufacturing Composite due out at 10amET

[09:41] {Threei} **consensus expectation: 51.5e v 50.9 prior (most estimates range between 49 and 54)

[09:41] {Threei} - the Sept reading of 50.9 was the highest reading since May 2008, and the first time above 50 since Aug 2008

[09:42] {fernp} ty Vad

[09:42] {magoo} long AMZN .77

[09:42] {Threei} welcome

[09:43] {magoo} AIG animal

[09:43] {strider} out +.11

[09:43] {fernp} WFC falling hard

[09:43] {Les} hgsi pushing through yesterdays close

[09:44] {Les} and failing and dropping very hard

[09:45] {magoo} futes killed all

[09:47] {strider} hmin

[09:47] {dino} watching it

[09:47] {dino} mxwl, hsic, trlg too

[09:51] {strider} hgsi

[09:51] {Threei} HIG

[09:51] {Threei} becoming interesting for better bounce

[09:51] {strider} news hgsi?

[09:51] {Threei} no

[09:52] {strider} thxzx

[09:52] {Threei} Long Setup: HIG 26 break

[09:52] {Threei} if stays above .85

[09:53] {Threei} not a scalp for me, want to partial and try for 1:2

[09:53] {Threei} 1:1

[09:53] {strider} out +.10

[09:53] {dino} mxwl sm l .66

[09:54] {fernp} ty very much double lot here

[09:54] {Threei} yw yw

[09:54] {Threei} 1:2, 1/4 more out or full out, your choice

[09:56] {Threei} 1:3, full out

[09:56] {fernp} gj

[09:56] {magoo} AIG complete xmas tree

[09:56] {Threei} rofl

[09:56] {Threei} xmas tree setup

[09:56] {nemo} or turkey?

[09:59] {strider} stec spike

[10:00] {Threei} OCT ISM NON-MANUFACTURING COMPOSITE: 50.6 V 51.5E

[10:02] {nemo} should quiet things a bit

[10:02] {magoo} yea..quiet there

[10:02] {magoo} FUTES

[10:03] {Threei} yeah, that's quiet

[10:03] {Threei} lol

[10:03] {magoo} vad..we getting very n-sync of late

[10:03] {nemo} wfc

[10:03] {nemo} oops wrong window

[10:04] {nemo} so numbers come in below expecations and we get a spike

[10:05] {Threei} my feeling is, it's not about any numbers today,

[10:05] {Threei} it's about language in FOMC decision

[10:05] {Threei} either they stay with "keeping rates low for extended period of time"

[10:06] {dino} ash sm l .52

[10:06] {nemo} so market thinks, so far anyway, Fed not pulling the punch bowl for the big banks?

[10:06] {Threei} or they say "may start hiking rates sooner than expected" - and market drops like there is no tomorrow

[10:06] {dino} cedc jumpy

[10:07] {Threei} HIG was worth third trade eh

[10:07] {Threei} .50 break

[10:07] {Threei} I guess I just wasn't too jazzed about going to the sxame well one too many times, lol

[10:08] {strider} data problems this morning, laser

[10:08] {strider} & charts

[10:08] {nemo} yeah I'm still having quote freezes

[10:09] {magoo} me too

[10:09] {nemo} last few days been having problems

[10:10] {magoo} very bad this week

[10:11] {dino} ok today, mon. tues. had problems

[10:12] {dino} stec getting interesting

[10:12] {nemo} yeah they locked up on me on that last call by Vad T&S said one thing, LII something else, and LI something else again

[10:13] {nemo} as a matter of fact, LII and LI frozen right now

[10:13] {dino} ethiopia's nat/l bank paid millions for "gold plated bars"

[10:13] {fernp} everything fine here

[10:13] {nemo} you laser fern?

[10:13] {fernp} yes

[10:14] {strider} east coast routing problem?

[10:14] {magoo} must be

[10:14] {magoo} im stuck here

[10:14] {nemo} dunno? dcc'd lasertrev, but he hasn't replied

[10:15] {Threei} fine here

[10:15] {lasertrev} gotcha nemo

[10:15] {strider} left coast guy

[10:15] {magoo} sticky quotes here too trev all week, im east coast pewnnsy

[10:16] {nemo} there closer to that fundo thing

[10:17] {lasertrev} it has been freezing up a little once in a while

[10:17] {lasertrev} i will investigate

[10:17] {lasertrev} will let you know

[10:17] {magoo} east coasrt should have best feed..closest, but not so it seems

[10:17] {nemo} communist plot

[10:17] {strider} anyone have ipaddress for laser?

[10:18] {strider} can ping it.

[10:18] {Threei} sometimes internet weather is not a straightforward logic, mags

[10:18] {nemo} there are a series of network tests you can do at pcpitstop.com

[10:20] {fernp} you should try to disable your antivirus when you are running laser

[10:20] {fernp} I have noticed a marked improvement receiving data since I did that

[10:21] {strider} which antivirus are you using?

[10:21] {fernp} NOD32

[10:21] {Les} u still keep a firewall going don't you fern?

[10:21] {strider} that's informative:)

[10:21] {nemo} that's really dangerous fern

[10:21] {fernp} yes my firewall is active

[10:22] {nemo} doesn't matter

[10:22] {nemo} You running Unix

[10:22] {fernp} Linux

[10:23] {fernp} and some winxp in virtual machines

[10:23] {nemo} well, that's understandable then...not a good idea for us Windows based people to shut off virus software

[10:23] {nemo} how many monitors you running fern?

[10:24] {fernp} five

[10:25] {dino} stec sm l .20

[10:26] {Threei} CTDC... what's up

[10:26] {dino} fern, you are an animal, :)

[10:27] {Threei} or politically speaking, what up

[10:29] {Threei} hmm

[10:29] {gnslng} dino, if i may ask did you do small lot only for the reson of risk control?

[10:29] {Threei} dino, I am no specialist in botany, but I am pretty sure fern is a plant {G}

[10:30] {Threei} *DOE CRUDE: -3.9M V +1.5ME

[10:30] {Threei} GASOLINE: -290K V +500KE; DISTILLATE: -380K V -500KE

[10:30] {fernp} sorry dino, yes I am animal with two eyes

[10:30] {dino} gn, yes, because i tend to trade big drops big pops, entries are harder to place

[10:31] {gnslng} ty

[10:31] {dino} my sm = 300 to 400 shares

[10:31] {lasertrev} laser, most users are not having quote issues, but they are looking into it

[10:31] {strider} hgsi c&h forming

[10:32] {strider} oncea again, damn lvl 2 is stuck

[10:32] {Threei} just switch the server

[10:32] {strider} I do.

[10:33] {magoo} they all stick vad

[10:34] {magoo} i switched thru all 20

[10:34] {Threei} someothing on your coast sounds like... they are all good here

[10:34] {strider} we need to raise taxes

[10:35] {dino} obama plot to stop evil speculators

06[10:35] * nemo slaps strider around a bit with a large lead pipe impregnated with bubonic plague

[10:36] {strider} I love you too, nemo

[10:36] {nemo} xxxooo

[10:37] {nemo} USL hasn't moved much on those oil numbers

[10:37] {strider} big seller on hgsi

[10:37] {nemo} hig triple bottom

[10:38] {Threei} no

[10:38] {Threei} breakdown

[10:39] {Les} for when u have a couple minutes idle time. Winning photos, Australian weather calender:http://www.telegraph.co.uk/earth/earthpicturegalleries/6501752/Australian-Weather-Calendar-2010.html

[10:39] {dino} scanners red

[10:39] {dino} out ash flat

[10:40] {Les} I love Oz for those colours

[10:40] {dino} fwiw stec stop is .87

[10:42] {dino} grmn sinks

[10:43] {strider} 15.01 is low for stec from last night

[10:44] {Les} USO popped. inventory down Vad?

[10:45] {dino} look ma, yesterday drops 12ish, today 3 pts higher than the drop gap

[10:45] {nemo} but it was stable after the announcement

[10:45] {dino} this maret is scewed up

[10:45] {nemo} huh?

[10:45] {Threei} scroll up Les

[10:45] {Threei} I posted 15 min ago

[10:45] {dino} shoot first ask q's later

[10:46] {Les} my bad

[10:49] {nemo} rimm below .80 would be good for .40

[10:53] {fernp} LVS trying to break 15.70 and MGM on lows

[10:57] {strider} cover stec short +.12

[10:58] {dino} stec stopped

[11:06] {strider} hig short?

[11:07] {Threei} not sure

[11:08] {nemo} rimm vad

[11:08] {Threei} ?

[11:09] {nemo} too late I should have said rimm read vad

[11:15] {gnslng} .

[11:15] {dino} markets frozen

[11:15] {nemo} yeah, waiting on the FOMC

[11:20] {dino} out mxwl, .08, +.42

[11:20] {nemo} aig, what a tease

[11:20] {strider} wtg, dino

[11:22] {dino} grmn sm l .70

[11:22] {dino} ty

[11:22] {dino} trlg sm l .85

[11:23] {dino} ouch grmn, stopped -.35

[11:23] {strider} :(

[11:24] {Les} wow. Toyoto withdrawing from F1. Subaru withdrawn from WRC. Japanese companies see bad times ahead.

[11:25] {Threei} or just don't see the need to spend money on that

[11:25] {nemo} F1 high end racing though

[11:26] {Threei} self-indulgence more than practically useful advertising venue at this point

[11:27] {Les} really. I thought they took brand advertising in racing more seriously.

[11:27] {Threei} things tend to shrink during tough economic times, and unnecessary fat gets trimmed first

[11:27] {dino} grmn rinsed

[11:27] {fernp} Vad, buy some Qs shares to see if the chart moves a bit

[11:28] {Threei} lol

[11:28] {Threei} thank you for such a strong faith in my market-moving powers

[11:28] {fernp} lol

[11:28] {Threei} HIG

[11:28] {Threei} let;s see if we get double bottom

[11:28] {Threei} dive to .55-.60 area

[11:28] {Threei} for entry with stop under .50

[11:30] {Threei} .60 break long

[11:30] {Threei} stop under .50

[11:30] {Threei} scalp or partial, personal choice

[11:30] {Threei} can't tell anything really

[11:31] {Threei} will do a compromise: partial 2/3

[11:31] {fernp} scalped from .57 to .67 ty Vad

[11:31] {Threei} welcome sir

[11:32] {Threei} 1:1

[11:32] {Threei} 2/3 out

[11:32] {Threei} stop to .54

[11:33] {Threei} 1:2

[11:33] {Threei} out in full

[11:33] {Threei} .83

[11:33] {Threei} that was easy

[11:34] {Les} +.11 paper trades until further notice

[11:34] {Threei} elegant setup, planned in advance and worked like textbook example

[11:35] {fernp} today HIG is really our friend. 4 trades here, 4 winners :)

[11:35] {dino} elegant, hmmmm

[11:35] {dino} stec lod

[11:35] {Threei} too metrosexual term dino?

[11:35] {Threei} HIG is my favorite stock of late fern

[11:36] {nemo} aig jumped my bid

[11:36] {Threei} we have like 8 out of 10 hit rate on it

[11:38] {Threei} four reasons for my relative inactivity

[11:38] {Threei} 1. we have 100% hit rate today so far, and I want to keep it this way so I could ask "can I go home/"

[11:38] {strider} my relatives aren't that active, either.

[11:38] {Threei} 2. market is solid frozen at the moment

[11:38] {Threei} lol strider

[11:39] {Threei} 3. the closer we are to FOMC the less readability in the market

[11:39] {Threei} and

[11:39] {nemo} NUMBER FOUR!!!!

[11:39] {Threei} 4. fern totally has me confused - I have hard time envisioning plant as an animal with two eyes

[11:39] {nemo} shouldn't cogitate such things

[11:40] {Threei} and now nemo makes me reach for dictionary

[11:40] {strider} stec looks pretty sick

[11:40] {nemo} cogito ergo sum...same thing

[11:40] {Threei} doesn't matter.... I see word longer than two syllables, I reach for dictionary... reflex

[11:41] {nemo} but you use that fundibulum thing all the time

[11:41] {strider} Russian doesn't have 2 syllable words , does it? All 10 and 12 syllables.

[11:41] {Threei} chronoclastic infundibulum

[11:41] {nemo} yeah....that

[11:41] {Threei} but that's Kurt Vonnegut's fault

[11:42] {nemo} Ahhh...pick on the dead guy

[11:42] {Threei} why strider... vod-ka

[11:42] {strider} oh, yeah. And 'purple jesus'

[11:42] {Les} ??

[11:42] {strider} southern drink

[11:43] {strider} grape juice and anything alcoholic

[11:43] {strider} really nasty

[11:43] {Les} ok. Was thinking not well chosen marketing idea if the brandname was purple jesus

[11:44] {strider} You could sell it here....if it didn't cost more than 99 cents

[11:44] {Les} over here we call that wine

[11:44] {strider} no. PJ comes from a bottle. Wine comes from a box.

[11:44] {strider} now, hig gets dbl bottom

[11:45] {nemo} lower volume than the last

[11:47] {strider} dio, hsic?

[11:47] {strider} dino

[11:48] {dino} freaking rinses today

[11:49] {Threei} fern, you here?

[11:49] {fernp} yes, and you have been very imprudent. You have pronounced "...sexual" word, being mags near here

[11:49] {Threei} tru... my mistake

[11:49] {fernp} anything can happen

[11:49] {dino} hsic, watching it, but it moved quite a bit off lows imo

[11:50] {strider} true. average range only 1.12

[11:50] {Threei} I just wanted to tell you: if you are having crisis of identity, don't worry about it... nemo can't tell whether he is a lost fish or mad captain of a submarine for years, and it doesn't prevent him from trading

[11:51] {nemo} or the guy that stuck a stick in the cyclops eye

[11:51] {fernp} lol thank you I needed those words

[11:51] {Threei} or that

[11:54] {strider} re: HIG. Vad I'd noticed that you seem to be trading mostly listed these days.

[11:54] {fernp} don't you remenber the email you got from that guy who claimed, we are not real traders because we are kidding all time?

[11:55] {fernp} I think he was right :-)

[11:55] {Threei} lol

[11:56] {Threei} strider, there is a very thin, almost non-existent line between OTC and listeds these days

[11:56] {Threei} ever since ECNs were introduced on NYSE and AMEX, this line became fuzzy,

[11:57] {Threei} and they progresessed to almost similar trading

[11:57] {dino} that grmn is trading a buck range in minutes

[11:57] {Threei} It was very different when specialists handled most of the trading on listed stocks

[11:57] {Threei} and about what we tade at this moment, well,

[11:58] {Threei} NASDAQ and listeds are different in sectors represenattion,

[11:58] {Threei} we go more toward NASDASQ trading when techs start getting active

[11:58] {Threei} remember calls on JNPR for instance?

[11:58] {strider} yeah

[11:59] {Threei} and when it's financials that are most active, we are NYSE-bound almost by definition

[12:00] {dino} red scanners

[12:03] {strider} Even when charts aren't freezing, there often seems to be a slight lag betw. t&S and chart update. Anyone else notice that?

[12:03] {magoo} mine froze just then

[12:03] {magoo} TERRIBLE

[12:04] {Threei} really something on your coast guys.. ruunning smoothly here

[12:04] {magoo} almost unusable at this point

[12:04] {strider} They've got 20 quote servers and only 5 chart servers.

[12:05] {fernp} I think T/S is always more reliable than chart and Level2

[12:06] {Threei} yes fern

[12:07] {nemo} yeah, there's gonna' be a chart lag

[12:07] {dino} hsic strider, lets see if it holds .00

[12:09] {strider} almost shorted that sucker at .75

[12:10] {dino} sorry, thought you were going long at .75

[12:10] {dino} feels long to me here

[12:10] {strider} un-uh/

[12:12] {strider} it's still 1.50 off the lows. I'm not going to risk a long play hhere.

[12:14] {strider} was a CC at 10AM/ Vad, you got any news on hsic?

[12:15] {Threei} not since earnings at 7

[12:15] {strider} thanks.

[12:15] {dino} earnings

[12:16] {dino} lowered guidance

[12:16] {Threei} LVS seling picks up

[12:17] {Threei} not ready for bounce yet

[12:23] {dino} pru lod

[12:28] {Les} hgsi @ 27?

[12:28] {dino} pru l sm .50

[12:28] {Threei} why?

[12:28] {dino} .51

[12:29] {nemo} what why?

[12:30] {Threei} [12:28] {Les} hgsi @ 27?

[12:30] {nemo} oh..thought you referring to dino

[12:30] {dino} who what

[12:30] {Threei} lol

[12:30] {dino} 3i has me on ignore

[12:31] {Threei} it's on and off dino, depending on how I feel about T-rexes and stegosauruses on a particular day

[12:31] {Les} ok, me. 27, round number, good for a bounce? MACDh coming off bottom and heading to zero.

[12:32] {Threei} I don't trade like this Les

[12:32] {Threei} I need a setup

[12:32] {strider} hsic looking more like a short, eh dino?

[12:32] {Threei} whole number is just something to watch for but not a setup in and off itself

[12:33] {dino} dk strider, holding well, it to market imo

[12:33] {Threei} and MACD... I wouldn't know, I don't watch it all :)

[12:33] {strider} you want extra cheese with that?

[12:33] {nemo} hgsi double bottom, would need break of .05 with stop of .95 and increasing volume

[12:33] {dino} but who knows, your guess as good (or better) than mine

[12:33] {Les} 27 is earlier zone of horizantal consolidation, yeh I know u don't watch it

[12:34] {dino} grmn feels like re-test in making

[12:34] {strider} do you play shorts/?

[12:34] {nemo} don't wear shorts

[12:34] {dino} yes

[12:34] {Les} ok, so lack of vol. not helping out...

[12:34] {strider} just didn't remember.

[12:36] {dino} more longs last few day, mkt down 7% fast. odds, imo

[12:36] {dino} grmn sm l .50

[12:36] {dino} we get around 10,100; 1090 shorting more

[12:41] {Les} there's yer volume in HGSI

[12:41] {nemo} see that volume increas on break of .05, that would have been it

[12:42] {Les} yeh there is definate pattern to that. that's what i came here to learn

[12:44] {fernp} PRU on lows, will it break lod?

[12:44] {Threei} Long Setup: LVS .05 if stays above 15

[12:45] {nemo} big stop

[12:46] {Threei} no read on PRU

[12:46] {fernp} ok

[12:46] {nemo} in by the way

[12:46] {strider} in

[12:48] {Threei} no go

[12:48] {fernp} no go

[12:49] {Threei} US Senate passes procedural vote on extension of homebuyer credit and jobless benefits; final vote due later today

[12:53] {strider} more downside to FITB?

[12:53] {Threei} we are too close to FOMC now

[12:53] {strider} k

[12:53] {Threei} stay away from stocks that are likely to be affected by announcement

[12:54] {Les} Im in total ignorance Vad

[12:54] {Les} what is FOMC?

[12:54] {Threei} Fed rate decision today

[12:54] {nemo} Federal Open Market Committee

[12:54] {Threei} 2;15

[12:54] {Les} ah, to increase or not to increase, that is the question is it?

[12:55] {Threei} while rates themseves will stay put, language about future policy is a major concern

[12:55] {magoo} fellow obama meathead comrades

[12:55] {nemo} who?

[12:55] {Threei} rofl

[12:55] {nemo} nice mags

[12:55] {Les} lol well done

[12:56] {Threei} couple days ago when one of meatheads said they may "change language", which was perceived as hint of rate hikes coming sooner than expected, market dropped like stone

[12:57] {dino} missed hsic

[12:57] {nemo} wonder if that was purposely run up the flagpole to adjust the language for today?

[12:58] {Threei} you just can't let any conspiracy pass by, can you

[12:58] {nemo} that would be prudent

[12:58] {nemo} probing market reactions

[12:58] {nemo} I wouldn't call that a conspiracy

[12:58] {Threei} what to probe

[12:59] {nemo} market reaction to language change

[12:59] {Threei} I can tell you market reaction on such announcement without any probing

[12:59] {Threei} do you think Ben can't?

[12:59] {nemo} Nobody is Darth Vad

[13:00] {Threei} here, let me go out on a limb:

[13:01] {strider} Crash!

[13:01] {Threei} if they say they start tightening in Q1 2010, market will be lucky to finish today -300

[13:01] {Threei} -500 most likely

[13:02] {Threei} buy all FAZ and QID you can

[13:02] {nemo} if not +300 +500 most likely

[13:02] {Threei} faint for two hours

[13:02] {Threei} come out of it stinkin rich

[13:02] {Threei} nope, that part is wrong

[13:03] {Threei} no +500 today in any case

[13:03] {Threei} and +300 is very unlikely

[13:04] {magoo} so odds favor down then, because in both scenarios..1 gets u 500 pts and other not even close

[13:05] {Threei} that's my bias

[13:05] {Threei} and remember, first minutes after annoucement are extremely volatile

[13:06] {Threei} especially you guys at east coast, be double careful

[13:07] {Threei} BCRX Ticks higher on renewed takeover speculation (9.68, +0.37, 3.97%)

[13:07] {Threei} long time no see

[13:07] {nemo} at least 3 weeks

[13:10] {strider} anyone here tried Fly on the WAll?

[13:10] {Threei} TTN is better

[13:10] {magoo} yea..guarenteed system will freeze on announcemt

[13:11] {nemo} good point

06[13:11] * nemo slaps lasertrev around a bit with a large trout

[13:11] {strider} what will freeze? FOTW or TTN?

[13:11] {nemo} laser

[13:12] {magoo} system

[13:12] {strider} Do you have the audio feed, Vad?

[13:12] {Threei} yes but I rarely use it

[13:12] {strider} That would drive me nuts.

[13:12] {Threei} yeah, a bit annoying

[13:13] {nemo} who says you aren't already there Strider?

[13:13] {Threei} but if you want the sppediest spped of all speeds possible...

[13:13] {strider} like nemo?

[13:13] {nemo} eqkzaktly

[13:14] {strider} I probably don't need to pay for the very best. Just need something better than Yahoo Financial.

[13:14] {nemo} the suspense...

[13:14] {nemo} try finviz.com

[13:14] {Threei} ok, for later arrivals and to relax your tense muscles, again: newest and prettiest autumn colors at http://www.realitytrader.com/photography/

[13:14] {nemo} back to the opposable thumb thing?

[13:15] {Threei} pushing it, nemo...

[13:15] {Threei} but it's iteresting to see which of jokes got your most attention

06[13:15] * nemo crawls in cave...closes door...grabs pacifier...pulls blanket over head

[13:16] {nemo} I use padded tweezers

[13:16] {strider} re: finviz. Yeah this is just what I want. first news item listed: Sinatra Hometown Hoboken Elects Zimmer as First Female Mayor

[13:16] {Threei} lol

06[13:17] * strider slaps nemo around a bit with a large trout

[13:17] {fernp} BCRX rocketing

[13:18] {Threei} no new news

[13:20] {Threei} Preview: FOMC rate decision and statement due around 2:15pmET

[13:20] {Threei} Though several central banks worldwide have started to raise their rates, forecasters unanimously expect the FOMC to continue to hold its rate at 0.25% today. The debate amongst analysts focuses on how and to what extent the FOMC statement today will be modified. Some analysts believe the Fed is eager to show its intention present exit strategies in the near term, while others argue against such a move today.

[13:21] {Threei} Most of the talk has been centered on the "extended period" language in the policy statement. Many analysts are looking for some tweak of that statement as a signal that the FOMC is getting serious about its exit strategy, even if it has no intention of raising rates any time soon. Other posit that the FOMC will take a more cautious approach today, given the bad reaction markets had to the recent confirmation that Fed has been testing reverse repo operations for the last several months.

[13:21] {nemo} yeah...conspiracy...

[13:22] {magoo} quote freeze now..u nemo?

[13:22] {nemo} no

[13:22] {strider} not me.

[13:22] {Threei} fine here...

[13:22] {magoo} grrrrrrrrrrrr

[13:23] {dino} you know, it's a ridiculous to worry about the wording. they are not raising rates for a very long time

[13:23] {nemo} I'm only concerned with the market reaction, not the wording

[13:24] {dino} the banks can't handle it, nore can employers, the debtors, and the unemployed

[13:24] {Les} I dunno Vad. Do they have any vestige of pride in US monetary policy? US is joke of the world now. Do they keep playing the dunce or start to seriously address issue?

[13:24] {nemo} Dunce

[13:24] {Les} talking rate rise at some point in future

[13:25] {Threei} you know,

[13:25] {Les} I'd like to think they'll talk about it...

[13:25] {magoo} doesnt matter dino..nemo correct{cant bbelieve i said that} all matters is mkt reaction and its 100% gonna be based off wording

[13:25] {Threei} I don't believe the world fares that much better that it could hold US as a joke

[13:25] {Les} i know i know its mkt reaction but....

[13:25] {nemo} hurts, huh Mags

[13:25] {dino} the only way out is through inflation les, we know it, but to raise too soon will have reverse effect, deflation which will bankrupt the entire system. so steady we go for 6-10 months

[13:26] {nemo} yeah, especially with Commercial Real Estate fiasco coming

[13:26] {Threei} I mean, show me who is so wise and strong that they could be prud of their achievets and belittle USA?

[13:26] {Threei} UK?

[13:26] {Threei} Freance?

[13:26] {Threei} Russia?

[13:27] {magoo} canada he he

[13:27] {dino} deflation will shut it all down, so rate increases not an option, yet

[13:27] {Threei} who avoided getting involved in whole finacial debacle?

[13:27] {dino} nobody

[13:27] {dino} we actually sold the junk to them, lol

[13:28] {Threei} so why don't they all stop playing suprior and shut the f up

[13:28] {nemo} mmmhhh...may be worth janitorial attention

[13:28] {Threei} I just hate this whiff of superiority

[13:28] {dino} who cares what "talking heads say" just watch the bond market

[13:29] {Threei} coming from those who try to sdell their impotence as a virtue

[13:29] {dino} i think there's a pill for that

[13:29] {Threei} lol

[13:31] {Threei} BCRX, wth

[13:31] {strider} tbsi dbl bottom dino.

[13:33] {dino} es is better w/the shippers, i defer to him

[13:36] {Les} nah nah nah Vad it's more now. Wall St are getting perks at taxpayers expense like no other financial industry group on earth. This is what the joke is

[13:36] {Les} sure, we were all stupid enough to load up on bad debt

[13:37] {Threei} I was answswering the "US becoming a joke" part... don't change the subject on me :)

[13:37] {Les} BUT thats what the joke is!

[13:38] {Les} no banks being nationalised yet. it'll happen, but not the way politicians and wall st want it to

[13:39] {Threei} whatever... if Canada takes over the world, I'll be just a part new empire... not first time for me, lol

[13:39] {Les} BCRX might perk up in a moment

[13:39] {Threei} part of

[13:39] {Les} :)

[13:40] {dino} les, bac and c are pretty much nationalized, as is gm

[13:40] {strider} For any other new users of Laser out there: I recommend the Lvl II advanced mouse style over the regular mouse style. price scrolling button is way too close to the sell button. Don't ask me how I know.

[13:42] {Threei} hmmm

[13:42] {fernp} lol

[13:42] {Threei} my price scrolling arrow is near Cancel button

[13:42] {Threei} not sell

[13:43] {fernp} above Cancel button

[13:43] {strider} Yeah. The volume scroll button. sorry.

[13:43] {strider} Was doing it from memory.

[13:44] {strider} Same difference.

[13:49] {strider} Laser: Does fast sell function also work in short positions? i.e., fast buy?

[13:49] {Threei} no

[13:49] {fernp} no

[13:50] {Threei} your buy orser will go through but old onbe won't be canceled

[13:50] {Threei} so make sure you kill it

[13:50] {strider} yeah

[13:58] {strider} nemo, Brett Steenbarger mentions FinViz in his blog today.

[13:59] {nemo} Who do you think he got the idea from?

06[13:59] * strider slaps strider around a bit with a large trout

[13:59] {nemo} try a lead pipe

[13:59] {strider} you won't let me have one.

[13:59] {nemo} ask magoo

[14:00] {strider} Nah. Then he'd have to tell me how to install it. He can't be bothered with that nonsense.

[14:00] {Threei} 15 minutes till FOMC

[14:00] {nemo} send email address

[14:02] {dino} ok, down to flat or slightly neg., then up to hod, then down into close, close +30 dji

[14:02] {strider} see pm nemo

[14:06] {nemo} got any dramamine dino?

[14:07] {dino} nah, not real concerned.

[14:07] {dino} by tomorrow it won't matter

[14:07] {nemo} 2012, nothing matters hehehehe

[14:08] {cosmo} ... until it passes

[14:08] {nemo} kidney stone cosmo?

[14:09] {cosmo} in a way

[14:10] {dino} out grmn .92, +.42

[14:10] {Threei} wtg

[14:11] {dino} ty

[14:11] {dino} out pru .88, +.38

[14:11] {dino} opps, .37

[14:13] {dino} watch 2:35ish for market change after initial move imo

[14:13] {Threei} 2 min

[14:14] {KSystems} *drumroll*

[14:14] {dino} lunch was late last mtg

[14:15] {Threei} Market Internals update at 2:00pmET

[14:15] {Threei} - NYSE volume 670M shares, about 2% below its three-month average; advancers lead decliners by 1.7:1.

[14:15] {Threei} - NASDAQ volume 1.29B shares, about 10% below its three-month average; advancers and decliners are about even.

[14:15] {Threei} - VIX index -4.75% to just under 27.50

[14:17] {nemo} took .30 on aig

[14:17] {nemo} .20

[14:17] {nemo} sorry

[14:17] {strider} .10

[14:18] {Threei} where are they?

[14:18] {Les} nerve wracking watching FAZ for big move...

[14:18] {nemo} now...aig at 37 went to 37.30 from .80

[14:18] {strider} I was just futzing with nemo. not in.

[14:18] {nemo} I was

[14:19] {Threei} FOMC HOLDS RATES AT 0.25%; REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:19] {nemo} wow fcx just jupe .80

[14:19] {Threei} up

[14:19] {nemo} quotes frozen

[14:19] {Threei} down now

[14:20] {Threei} even downer

[14:21] {lasertrev} quotes working?

[14:21] {nemo} LII frozen

[14:21] {Threei} ok here

[14:21] {strider} ok here

[14:21] {fernp} fine here

[14:21] {nemo} server 4 and 6 froze

[14:22] {dino} ok here

[14:22] {strider} I"m on 15

[14:22] {lasertrev} 10 works good

[14:22] {nemo} that's what I switched too

[14:23] {Threei} Vote was unanimous (10-0)

[14:23] {Threei} - household spending seems to be expanding

[14:23] {lasertrev} good now nemo?

[14:23] {dino} grmn dropped

[14:23] {nemo} so far

[14:26] {Threei} Economic activity "has continued to pick up"; businesses still cutting back on fixed investment

[14:27] {Threei} FOMC Cuts agency debt program to 'about' $175B from $200B

[14:27] {dino} grmn lod

[14:29] {fernp} FAS is not happy

[14:29] {Threei} told ya, down in any case

[14:30] {Threei} faz rocket

[14:30] {Threei} AIG like stone

[14:31] {Les} I got burnt trying to play the shake up. Ouch, it hurt! I guess no one round here plays this sort of movement

[14:31] {dino} grmn sm l .25

[14:32] {dino} cedc sm l .15

[14:32] {Threei} [13:05] {Threei} and remember, first minutes after annoucement are extremely volatile

[14:32] {Les} :P

[14:32] {Les} paper money

[14:33] {Threei} if you play paper moner recklessly, what's the point?

[14:33] {Threei} paper trading is intended to test real methiods that you intend to apply with real money

[14:33] {Les} Thought I could buck the system

06[14:33] * nemo slaps Les around a bit with a large trout

[14:34] {dino} if you learned you can't gj

[14:34] {Threei} now, what is the worst thing that hasppens when you do this with paper money?

[14:34] {Les} yes now I have to be additionally patient in awaiting your setups

[14:34] {Les} bad technique/habits

[14:34] {Les} but FAZ looked so juicy...

[14:36] {Les} who or what is doing this? computers, retail investors, institutional?

[14:36] {nemo} don't think about it Les, just trade

[14:37] {dino} "they" are

[14:37] {nemo} yeah...leave the paranoid conspiracies to me

[14:38] {Les} lesson learnt...

[14:38] {dino} grmn stopped -.35

[14:39] {Threei} les... 1. not a single layer is doing it, it's conglomerate of market participants

[14:39] {Threei} and 2. what difference does it make?

[14:39] {Threei} as in: if there is a way to find an answer to that, how does it help your trade?

[14:40] {dino} i think it's john galt

06[14:40] * nemo slaps dino around a bit with a large copy of Atlas Shrugged

[14:40] {dino} lol

[14:41] {cosmo} its our collective, global mind.....its currupted

[14:41] {cosmo} corrupted?

[14:41] {Threei} gues who is on TV

[14:41] {dino} woke you up

[14:41] {nemo} Gina Lolabrigida

[14:41] {Threei} nice spelling

[14:42] {nemo} have no idea

[14:42] {cosmo} DRIV

[14:42] {cosmo} hod

[14:42] {cosmo} 25

[14:43] {cosmo} testing

[14:43] {magoo} frozen lev2

[14:43] {strider} TRY SERVER 15

[14:48] {Les} and... who is on TV?

06[14:49] * nemo slaps Les around a bit with a large copy of TVGuide

[14:49] {Threei} these europians are so innocent :)

[14:49] {fernp} lol

[14:49] {nemo} nice euphemism

[14:49] {Les} oh this is running joke is it...

[14:49] {nemo} back of the bus Les

[14:49] {Threei} who in your mind is the biggest star on US TV, Les? :)

[14:50] {Threei} daily appearanaces,

[14:50] {Threei} most days a few times

[14:50] {fernp} O _ A _ A

[14:50] {nemo} nice fern

[14:50] {Les} ahhh, its not dave letterman today

[14:50] {Les} I dont have tv

[14:50] {nemo} crissakes you don't even have to buy a vowel

[14:51] {Les} lol I dunno Oprah?

[14:51] {Les} :P

[14:51] {cosmo} hmm...close

[14:51] {Les} Opraha

[14:52] {cosmo} closer

[14:52] {Threei} lol

[14:52] {fernp} lol

[14:53] {fernp} this is cruel, im sure Lsrisa is not here

[14:53] {Threei} thank goodness

[14:53] {fernp} lol

[14:54] {Threei} looks like down from here

[14:55] {Les} I didn't realise, all the times I read this joke you were referring to your televangalist leader

[14:55] {Threei} yeah... now you know how often he is on TV

[14:55] {Threei} Long Setup: FAZ .70 break

[14:55] {Threei} if stays above .60

[14:56] {Threei} 1:1

[14:57] {fernp} ty ty

[14:57] {Threei} yw yw

[14:57] {strider} out +.10

[14:57] {strider} thanks vad.

[14:57] {Threei} sure thing

[14:58] {Threei} that's how we do it les... wait out period of unreadable volatility, let setup shape up, trade real trigger with controllable risk

[14:58] {nemo} oh, so when I went on aig momo...bad

[14:58] {Threei} and leave gambling to suckers

[14:58] {Threei} why

06[14:58] * nemo {---sucker

[14:58] {Threei} if you can read it or have feel for it, fine

06[14:59] * nemo {--not sucker?

[14:59] {Threei} but don't let me disabuse you of this last belief of yours {G}

[14:59] {nemo} I'm sure you'll never...never....EVER...let me forget

[14:59] {Threei} trust your instincts

[14:59] {Threei} you CAN count on me

[14:59] {strider} {-------slaps nemo around with a large sucker.

[14:59] {Threei} delivering max pain possible

[15:00] {Threei} and selling it as umm

[15:00] {nemo} all's right with the world (except that strider dude)

[15:00] {Threei} as our leader called it

[15:00] {Threei} teachable moment

[15:00] {Les} thanks. its not easy money, it's slow, but I picked up another .9 instead of losing I won't say how much...

[15:01] {nemo} another faz set up break of .80

[15:01] {Threei} what do you mean slow

[15:01] {Threei} whole pay took what, 1 min?

[15:01] {Les} days like today.... slow

[15:01] {Threei} oh

[15:01] {Les} its not like this all the time is it

[15:01] {Threei} yeah well

[15:01] {patience} good day for gold plays though Les

[15:02] {nemo} ya know patience, you could pipe up about that once in a while...please :)

[15:02] {Threei} if someone wants to play all the time, being in the maerket every free minute, I'll advice something other than our room

[15:02] {Threei} psych ward maybe

[15:02] {nemo} psst...this is an asylum

[15:03] {Threei} 1;2

[15:03] {strider} Les, depends on whether you want to make money or just play a computer game.....from someone who knows.

[15:03] {Threei} it is nemo but we don't call it that

[15:03] {Les} ouch. I've been watching since 12pm European time. That make me a loser? Should I rehook up the TV again?

[15:04] {Threei} OK, I have to ask... ilana, you do it on purpose?? :)

[15:04] {strider} Les. I was just commenting on your observation that things were slow.

[15:04] {strider} Not meant as an offense.

[15:04] {Threei} you disconnected a couple minutes before the call, and connected back after we took profit

[15:05] {Les} no offence strider. I was having a go at Vad.

[15:05] {ilana} lol. no

[15:05] {Threei} strider... you make a comment and don't want to offend??

[15:05] {Les} I want to play all the time :)

[15:05] {strider} so solly.

[15:05] {Threei} what's up with that??

[15:05] {strider} Mother, is that you?

[15:05] {nemo} Yeah...offensive

[15:05] {patience} nemo, i tend to pick strong momo stocks in commodity sectors...watch them, rotate through them, scalp them

[15:06] {Threei} people who don't want to offend are not welcome here, sorry to say... he who wants to be the worthy member of this room must be able to offend and take offense

[15:06] {Threei} ilana... just pity that you miss profitable calls

[15:06] {fernp} 12pm Les? Where are you located?

[15:06] {strider} yeah, well, ok....your momma!

[15:06] {nemo} Switzerland

[15:06] {Les} Switzerland. Bern Paris time

[15:06] {Threei} we had 4 wins out of 5 calls today, and you managed to nbe in the room for that one single loss!

[15:07] {nemo} ahhh,,,that's it!!!

[15:07] {ilana} np, vad. What offend?? not a all

[15:07] {fernp} paris, madrid same time. GMT+1

[15:07] {ilana} thanks for asking, though

[15:07] {Threei} no, offensd part was aimed at strider :)

[15:07] {ilana} oh

[15:07] {nemo} Ilana, where are you?

[15:08] {Threei} I tend to offend men mostly

[15:08] {Les} fern where are you?

[15:08] {fernp} Sevilla. Spain

[15:08] {strider} Or whoever else is in the room, so I've heard.

[15:08] {nemo} nice

[15:08] {ilana} canada

[15:08] {nemo} another rusky canucky

[15:08] {ilana} capital of mosquitos

[15:08] {nemo} just like Siberia

[15:09] {Threei} aka armpit of Canada...

[15:09] {strider} Maine is the true capital of mosquitoes.

[15:09] {ilana} same weather

[15:09] {nemo} no seeums

[15:09] {strider} true.

[15:09] {fernp} at "our" 12pm this room is closed

[15:09] {Les} true. watching premarket. AIB would have been a nice gain before opening

[15:10] {Les} Saw Bill's comment about rigged Irish bank equity, decided to watch

[15:10] {Les} bank stocks

[15:10] {patience} fern, my partner's children honeymooned in Sevilla...he says it is beautiful

[15:11] {strider} NTES just keeps on ticking..

[15:12] {Threei} Goldman Sachs Chief US Economist Hatzius: monetary tightening unlikely until the end of 2010 - CNBC

[15:12] {fernp} in europe the big news today have been "GM doesn't sell OPEL to MAGNA"

[15:12] {nemo} frickin' brilliant

[15:12] {Threei} today?

[15:12] {fernp} yup

[15:12] {Threei} what are you guys live on yesterday's calendar?

[15:12] {Threei} it was on US wires yesterday :)

[15:12] {Les} Vad, what did you see in FAZ call? I see small ascending wedge...

[15:13] {fernp} double top on FAS?

[15:13] {Threei} that was it les, with a few little moves consolidating right under .70, with .60 established as a strong support

[15:14] {Threei} I don't see it fern

[15:14] {fernp} no, that's what i saw in FAZ

[15:14] {Threei} I think we are going to sell off

[15:14] {Threei} and I rarely think

[15:15] {strider} now you tell us.

[15:15] {Threei} headaches, premature baldness, you know...

[15:15] {Threei} why now? look at the room topic

[15:15] {strider} premature????

[15:15] {strider} When does your family mature?

[15:16] {strider} (just trying to fit in, you know.)

[15:16] {Threei} doing it wrong

[15:16] {Threei} take aim at nemo

[15:16] {strider} damn

[15:16] {Threei} at magoo if you feel lucky

[15:16] {strider} nemo, you're mama buys STEC

[15:17] {nemo} my mother is dead strider

[15:17] {Threei} take a look at FAZ chart

06[15:17] * strider slaps nemo around a bit with a large trout

06[15:17] * strider slaps strider around a bit with a large trout

[15:17] {Threei} does it look to you like uptrend slowly establishing?

[15:17] {strider} what period chart?

[15:18] {Threei} 1 min

[15:18] {nemo} 1 minute

[15:18] {strider} no

[15:18] {strider} lower high

[15:18] {Threei} counting from which high?

[15:19] {strider} 3:13

[15:19] {strider} or about 2:30

[15:19] {strider} for all day

[15:19] {Threei} nah, 2:30 is largely irrelevant

[15:19] {strider} methought

[15:20] {Threei} hysteric spike on extreme volatility after FOMC

[15:20] {Threei} 3:13 is legit

[15:20] {Threei} whether it's a top or we just form bull flag, remains to be seen

[15:20] {Threei} my bet it, bull flag

[15:20] {Threei} and move to new high

[15:20] {Les} we attack?

[15:20] {Threei} I just can't find good entry so far

[15:20] {fernp} could be a bullish Triangle

[15:21] {fernp} ooops

[15:21] {Threei} but watching

[15:21] {Threei} (US) House approves bill that moves up the effective date of new credit card rules

[15:21] {nemo} after the $#((@$&^@) horses are already out of the barn!!!

[15:21] {strider} Still got a few sleazebags that haven't upped their rates yet.

[15:22] {nemo} Hope they move up Universal Default

[15:23] {nemo} gotta' go...might be late tomorrow..gonna' try and whack Bambi's parents

[15:23] {Threei} cruel

[15:23] {Threei} take care nemo

[15:23] {nemo} tasty

[15:23] {strider} b**tard

[15:23] {Threei} tasy beats cruel every time

[15:24] {dino} gl nemo

[15:24] {nemo} you eat meat strider?

[15:24] {strider} sure. And I've hunted also. Just jerking your chain.

[15:24] {nemo} ty...man after my own heart

[15:24] {nemo} gag

[15:24] {Threei} uh oh

[15:24] {Threei} metro again

[15:24] {fernp} bye nemo. What are you doinh still here...

[15:24] {Threei} you be careful strider

[15:25] {strider} really?

[15:25] {Threei} nemo's affection/ I'd be scared to death

[15:25] {strider} Oh, I can fix that...anytime I want. :)

[15:26] {strider} I have "people" who do things for me.

[15:26] {Threei} and judging from my experience on the boat in Nassau, he starts with alcohol

[15:26] {dino} lol

[15:26] {strider} haha

[15:26] {strider} might as well go right to the source of the problem..

[15:26] {Threei} thank goodness cute chinese chick distracted him

[15:26] {strider} sobriety.

[15:26] {Les} sounds like a man after my own heart :D

[15:27] {Threei} market tightens

[15:27] {Threei} BBs tighten

[15:27] {Threei} break and spike is coming... stil no clear indication which way

[15:27] {strider} you still wearing those things?

[15:27] {patience} ok, cutting a third of my gold trades today...gold nearing 1100. selling hgu, abx and kinross

[15:27] {Threei} wtg patience

[15:28] {patience} been a great week, thanks

[15:29] {Threei} okay guys,

[15:29] {cosmo} driv again

[15:30] {cosmo} gets busy here

[15:30] {Threei} this action tells me I am right and down market goes,

[15:30] {dino} gj patience

[15:30] {Threei} no clean FAZ entry,

[15:30] {patience} thanks dino, loaded to the hilt today...makes me nervous

[15:30] {Threei} so, if it does under 22, just grab it with .85 stop

[15:30] {Threei} and let it trade

[15:30] {strider} FAZ long?

[15:30] {Threei} yes

[15:31] {Threei} market down - FAZ up

[15:31] {strider} gotcha

[15:31] {Threei} new high

[15:31] {Les} do we chase?

[15:31] {Threei} crrrrap

[15:31] {Threei} we hate to chase

[15:31] {strider} rewind.

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

[15:31] {Threei} - NYSE volume 980M shares, about 11% above its three-month average; advancers lead decliners by 1.9:1.

[15:31] {Threei} - NASDAQ volume 1.79B shares, about 4% below its three-month average; decliners lead advancers by 1.1:1.

[15:31] {Threei} - VIX index -6.25% to just over 27.00

[15:32] {Threei} this is what I hate the most

[15:32] {Threei} being right, getting read and not getting clean entry

[15:32] {Threei} make sure you hear real Russian RRR in the cRRRap

[15:33] {strider} you're going to bruise your pallete.

[15:33] {Les} so gut feeling being right, we can take chances going with slightly higher price? I had finger on button at .04, wasn't sure

[15:35] {Threei} as long as you are fine with risk, and collect some experience about your gut instinct...

[15:35] {Threei} remember that risk control comes first

[15:35] {Les} not my gut instinct, yours.

[15:35] {Threei} profit potential second

[15:37] {Threei} new low is coming

[15:39] {dino} coming close to that +30 close

[15:41] {Threei} shoot me now

[15:41] {Threei} 50 cents play into close

[15:41] {strider} You can go home.

[15:41] {Threei} and I missed it

[15:42] {strider} I'm satisfied with today.

[15:42] {Threei} yeah, th eday was good

[15:42] {Threei} but having ben so confident in dowdraft into close and not exploiting this feel

[15:43] {Threei} 70 cents

[15:43] {fernp} don't worry. We do not chase

[15:43] {Threei} let me reiterate: CRRRAP

[15:43] {Threei} ok, this will help:

[15:43] {Threei} http://www.realitytrader.com/photography/2009/11/more-autumn-colors.html

[15:44] {Threei} ese is not here... patience, confirm for fern, this is real place

[15:44] {Threei} and real colors

[15:44] {Threei} he thinks I created it digitally :)

[15:44] {patience} i have been to this spot every year for 49 years

[15:44] {patience} each season it looks different

[15:45] {fernp} this one http://www.realitytrader.com/photography/uploaded_images/PA313521-copy-797125.jpg is PERFECT

[15:45] {dino} 30s

[15:45] {fernp} I have new wallpaper :-)

[15:46] {Threei} tell me if you want it in high resolution... I'll send it to you :)

[15:46] {Threei} this one is resized for web

[15:46] {Threei} down to +30

[15:46] {gnslng} ty and have a nice evening all

[15:46] {Threei} can we close in red?

[15:47] {Threei} gnsl :)

[15:47] {fernp} Yes I'd like it Vad

[15:47] {Threei} will do

[15:47] {fernp} i like those colors

[15:48] {Threei} first and last

[15:48] {dino} ndx red

[15:48] {Threei} are my favorites

[15:48] {fernp} transmits tranquility

[15:48] {strider} see ya, gnslngr

[15:51] {Threei} 17

[15:52] {dino} s/p red

[15:53] {KSystems} finally looks like mkt decided which way...

[15:53] {KSystems} sheesh

[15:54] {fernp} Good evening everybody. See you all tomorrow.

[15:54] {strider} see ya fern. good night everyone.

[15:54] {Threei} take care fern, strider

[15:54] {KSystems} bye fern

[15:54] {lasertrev} gn fern, strider

[15:55] {dino} right around that +30

[15:56] {dino} tomorrow up 100+

[15:56] {Threei} naaah

[15:56] {dino} take care you guys

[15:56] {Threei} tmorrow we close in red

[15:56] {Threei} deep

[15:57] {lasertrev} gn dino

[15:58] {Les} thanks Vad. Night all. Big move tomorrow? Good, looking to recover my account tomorrow after my stupidity today.

[15:58] {Threei} wait

[15:58] {lasertrev} later les

[15:58] {Threei} you mean paper account and paper stupidity?

[15:58] {Les} even if its funny money

[15:58] {Threei} ok... whew

[15:58] {Threei} I got scared you secretly are doing it with real money

[15:59] {Threei} let me oput it this way:

[15:59] {dino} vad, a beer bet, up 100+ tomorrow's close

[15:59] {Threei} paper stupidity preserves us from real one

[15:59] {Les} no hurry to set up with real money I think. Need to learn discipline first

[15:59] {Les} ciao

[15:59] {Threei} nailed it dino

[15:59] {Threei} +30

[15:59] {Threei} yes

[16:00] {Threei} my bet for tomorrow is red close

[16:00] {Threei} beer it is

[16:00] {Threei} I'll take my favorite

[16:00] {Threei} Innis&Gunn

[16:00] {Threei} thank you all

[16:01] {dino} :)

[16:01] {Threei} have a good evening

[16:01] {Threei} see you tomorrow for resolution of beer bet with dino

[16:02] {lasertrev} have a good night vad

[16:02] {Threei} you too trev

[16:02] {lasertrev} thx