Dec 01 2009

One of those days when things just don't work out. Well, not exactly, some trades work and some don't but at the end of the day stops still outweigh wins.

Session Time: Tue Dec 01 00:00:00 2009

[07:12] {Threei} 06:38 NVAX Piper Jaffray Initiates NVAX with Buy, price target: $4.50

[08:02] {Threei} SVA Obtains 4th order from Chineses Govt (7.40, 0.00, 0.00%)

[08:02] {Threei} SEED, ever the ball of fire

[08:16] {Threei} BLTXX Baltic Dry Bulk Index: falls just over 1% (8th straight decline

[08:17] {nemo} morning comrades

[08:21] {Threei} nemo :)

[08:21] {strider} FITB upgrade

[08:21] {Threei} 06:26 FITB CitiGroup Raised FITB to Buy from Hold, price target: $13

[08:21] {nemo} wow, Japan launched gold

[08:22] {Threei} another bubble in the making

[08:23] {nemo} Frankly, i think the world economy is a bubble in the making, and when it pops...well, I have no aphorism for it

[08:31] {Threei} and SEED continues

[08:31] {Moose} gm all

[08:31] {Threei} moose :)

[08:32] {Moose} :D

[08:32] {nemo} well, everything has jumped on the Japan news

[08:33] {Threei} CPST Signs $1.8 Million in New Long-Term Service Contracts; Service Backlog Increases to Over $17 Million (1.27, 0.00, 0.00%)

[08:34] {nemo} blast from...well...recent past...a whole $17 million backlog...wow

[08:35] {Threei} it used to be a player

[08:35] {Threei} now it's so pennyish

[08:35] {nemo} yep...had quite a run

[08:36] {strider} ovti

[08:37] {nemo} aig up almost $2

[08:38] {strider} IOC

[08:38] {nemo} Olympic Committee?

[08:39] {strider} Interoil corp

[08:39] {strider} morning nemo:)

[08:39] {nemo} yes...just playing my part..yuk yuk

[08:39] {nemo} strider :)

[08:39] {nemo} kinda' comes naturally, actually

[08:41] {strider} I figgered

[08:48] {ese} morning.........

[08:49] {nemo} dude

[08:49] {ese} dude

[08:50] {ese} hows the weather on the east coast nemo?

[08:51] {ese} stopped raining for the first time in a bloody month yesterday

[08:51] {ese} here

[08:51] {ese} started wishing for snow and sunshine

[08:52] {Threei} ese :)

[08:53] {ese} morning vad......almost a day without rain yesterday

[08:53] {Threei} actually, second in a row

[08:53] {Threei} my palm tree finally ca dry out a little

[08:54] {ese} not in oak bay.....we got drizzled in the morning

[08:54] {ese} didn't know you have a palm tree.....we got one too

[08:54] {Threei} well, we had such a fantastic stretch of a summer

[08:54] {Threei} payback was coming

[08:54] {ese} lol

[08:57] {Threei} btw ese, needham likes you

[08:57] {Threei} 06:39 ESE Needham Initiates ESE with Buy, price target: $38

[08:57] {ese} well how bout that........

[08:58] {ese} up .45 to boot

[08:59] {fernp} Good morning everybody

[08:59] {strider} morning all

[08:59] {Threei} fern, strider :)

[08:59] {Threei} fern, how was the movie?

[09:00] {strider} vad:)

[09:00] {ese} ST fern

[09:00] {fernp} I didn't like it

[09:00] {strider} ese:)

[09:00] {Threei} warned you... :)

[09:00] {fernp} was always the same...

[09:01] {ese} what was the movie

[09:02] {Threei} 2012

[09:02] {fernp} 2012

[09:02] {ese} hmmmmmmm

[09:05] {ese} don't forget to open up your trading advent calendars everyone.......should be a good trade or 2 in there today

[09:06] {fernp} Im long FITB from yesterday at 9.95

[09:06] {Threei} nice!

[09:06] {fernp} :-)

[09:06] {ese} i'm thinking hban or fitb

[09:06] {strider} good deal fern

[09:06] {Threei} you knew about Japan overnighjt announcement...

[09:06] {ese} nice one fern

[09:07] {ese} 60k fern?

[09:07] {fernp} 500

[09:07] {ese} haven't seen that yet vad....whats the announcement

[09:08] {Threei} essentially, they debase their currency in the same way US does

[09:09] {ese} hmmm hows that?

[09:09] {Threei} VNDA $200M payment triggered from Novartis due to anti trust approval for Fanapt

[09:09] {Threei} - waiting period has expired under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 wi... (10.56, 0.00, 0.00%) more... (related NVS )

[09:10] {Threei} the Bank of Japan emergency meeting resulted in a decision to print Yen in hopes of weakening it

[09:11] {nemo} that's the strategy, fiat world, get everybody to debase...screw the citizens, and pay your sovereign debts

[09:11] {ese} you following anything this morning vad

[09:11] {Threei} SEED

[09:11] {Threei} FITB

[09:11] {Threei} AIG

[09:11] {Threei} NVAX

[09:11] {ese} tks

[09:12] {Threei} keeping an eye on HIG, to see if it becomes a player again

[09:13] {ese} seed is very interesting......the news is not stellar.......whats driving that thing.....greed

[09:13] {BillyD} GM everyone

[09:13] {Threei} turned into toy for traders

[09:13] {Moose} seed greed

[09:13] {Threei} it's no longer about company

[09:13] {Threei} it's about who outsmarts who

[09:13] {nemo} nice moose

[09:13] {ese} billy

[09:14] {BillyD} true Vad

[09:14] {Moose} brb

[09:14] {ese} interesting way to look at that

[09:16] {larisa} gm

[09:16] {Threei} larisa :)

[09:17] {larisa} vad :)

[09:17] {nemo} lari :)

[09:17] {larisa} nemo :)

[09:17] {ese} laris

[09:18] {larisa} hi ese

[09:19] {Threei} SEED retreats

[09:20] {ese} things went negative all of a sudden.....what happened there

[09:20] {Threei} nothing really

[09:20] {Threei} just little pullback

[09:21] {ese} now that was interesting......screens are green.....then white to red...everything......

[09:22] {ese} now back to green

[09:22] {Threei} must be quotes fluke

[09:22] {Threei} nothing like that here

[09:22] {ese} or something....

[09:22] {lasertrev} morning

[09:23] {Threei} trev :)

[09:23] {ese} LT

[09:24] {BillyD} Vad, thinking possible QLTI continuation

[09:24] {BillyD} over 5

[09:25] {Threei} I'd like to see some consolidation first

[09:25] {Threei} need clearly defined stop level

[09:26] {BillyD} .90 would be from yesterday

[09:26] {BillyD} we'll see

[09:26] {Moose} AIG moose dropping

[09:26] {nemo} moose droppings?

[09:26] {Moose} slammed

[09:28] {Moose} nemo.. sorry, AIG dropped like .60 in a blink

[09:28] {Moose} or more

[09:28] {nemo} yes I seee...your phrasing caught me by surprise

[09:28] {Moose} lol

[09:29] {ese} i like that phrasing

[09:29] {fernp} at 10:00am a lot of numbers

[09:30] {Threei} 10:00 Nov ISM Manufacturing (last 55.7), Nov ISM Prices Paid (last 65), Oct Construction Spending m/m (last 0.8%), Oct Pending Home Sales (last m/m 6.1%, y/y 19.8%)

[09:31] {Threei} (UK) BOE's Posen: To use taxes to curb bubble in house prices; Targeting assets with monetary policy will not work

[09:31] {Threei} bubble in house prices?

[09:31] {nemo} they see bubbles everywhere

[09:32] {Threei} SEED, pullback should come now

[09:32] {Threei} AIG like a rock

[09:33] {Moose} thats Prudential :)

[09:33] {strider} long aig .13

06[09:33] * nemo slaps Moose around a bit with a large trout

[09:34] {nemo} nice strider

[09:34] {strider} fly on the wall reported an erroneous downgrade announced by CNBC

[09:35] {Threei} I hate to do it but

[09:35] {Threei} Long Setup: SEED .50 break

[09:35] {Threei} half ot

[09:35] {Threei} strop under .30

[09:36] {Threei} no worky

[09:36] {fernp} out

[09:36] {BillyD} it's deceiving Vad

[09:36] {Threei} still pullback stock, not a breakout

[09:36] {Threei} but really looked like this time was going to work

[09:37] {BillyD} agree

[09:37] {strider} seed out -.29

[09:38] {strider} AIG out +.67

[09:38] {ese} L rimm .96

[09:38] {Threei} nice AIG

[09:38] {strider} thanks.

[09:39] {Moose} geeze AIG nutzo

[09:40] {BillyD} look at the spike tails on SEED

[09:40] {BillyD} all over the plavce

[09:40] {nemo} look at the triangle on fcx

[09:41] {Threei} Short Setup: WFC 28 if stays under 28.10

[09:41] {ese} stopped rimm .84 -.12

[09:42] {ese} don't know how mags does it with that stock

[09:42] {Threei} NUVA... grrr

[09:43] {Threei} missed short alert earlier, just watching it dropping

[09:43] {nemo} frig...I had the support line break on that

[09:43] {BillyD} CAT short possibly

[09:44] {fernp} WFC still valid, no?

[09:44] {Threei} if bounces off 28 and stays under .10 this time, yes

[09:44] {fernp} ok

[09:44] {Threei} right away, not sure

[09:44] {Threei} can turn a trap easily

[09:46] {Threei} valid now

[09:46] {Threei} 28 break

[09:48] {Threei} Long Setup: RIMM59 break if holding above .90

[09:48] {Threei} Long Setup: RIMM 59 break if holding above .90

[09:49] {ese} l uaua pullback .02

[09:50] {strider} in .02

[09:50] {Moose} me too .02

[09:50] {Threei} RIMM 1:1

[09:51] {fernp} missed rimm

[09:51] {Moose} out RIMM +.10

[09:51] {Threei} WFC stopped

[09:51] {fernp} and stopped WFC

[09:52] {strider} out RIMM +.11

[09:53] {Moose} guess we were too hasty on exit

[09:54] {strider} I sure was.

[09:54] {ese} no....that thing reverses in a heart beat

[09:54] {strider} on RIMM

[09:55] {Threei} watching HIG for pullback with possible entry around .60

[09:56] {Threei} will try to alert in time, keep finger on the trigger if it drops close to .60

[09:57] {Threei} break of .75 is a valid trade if market spikes... just not what worked on HIG lately

[09:57] {strider} numbers may affect it.....2 minutes.

[09:58] {Threei} yeah

[09:58] {Threei} let's wait them out

[09:58] {Threei} ty for reminder

[09:58] {strider} :)

[10:00] {Threei} *OCT PENDING HOME SALES (M/M): +3.7% V -1.0%E; (Y/Y): +28.6% V 19.8% PRIOR

[10:00] {Threei} NOV ISM MANUFACTURING INDEX: 53.6 V 55.0E; PRICES PAID: 55.0 V 65.0E

[10:00] {Threei} OCT CONSTRUCTION SPENDING (M/M): 0.0% V -0.5%E

[10:01] {ese} uaua fighting market reversal.....i like that in a stock....

[10:01] {Threei} weird reaction

[10:01] {Threei} hesitated on HIG .60 entry because of it

[10:02] {Threei} look at the precision of bounce

[10:02] {fernp} LOW consolidating hod

[10:02] {nemo} how's the shoulder

[10:02] {Threei} useless

[10:02] {strider} out HIG +.10

[10:02] {Threei} if I bought it... would be different matter

[10:03] {Threei} lol... good job

06[10:03] * nemo slaps strider around a bit with a large roll of cash

[10:03] {strider} in at .63 as numbers were being read.

[10:03] {strider} yeah I made a pile on that.......1/4 lot.

[10:03] {nemo} don't forget aig

[10:03] {Threei} so as I was out of commission copying and pasting them...

[10:04] {nemo} yeah, strideball took advantage...profit sharing time

[10:04] {Threei} HIG is holdiong vert well near .75 so far

[10:04] {strider} 1/4 lot there, too.....but I'm back in the green anyway.

[10:04] {Threei} better than poke in the eye

[10:04] {strider} absolutely.

[10:04] {ese} uaua stop is .97

[10:05] {nemo} Who was that king that got killed jousting when he got a Lance in the eye?

[10:05] {nemo} Henry II?

[10:06] {strider} yes.

[10:06] {Moose} extra eye very handy

[10:08] {BillyD} OPTT

[10:10] {strider} AMZN wacko today...

[10:12] {ese} stopped uaua .98 -.05

[10:12] {nemo} tricky tuesday

[10:12] {ese} soooooooo it's gonna be one of those type of days is it

[10:15] {fernp} and WFC aggressivily short here, Vad?

[10:15] {Threei} really looks like short to me

[10:16] {Threei} but these market jumps are ruining norla setups

[10:16] {nemo} it's a conspiracy

[10:16] {Threei} lol

[10:16] {Threei} must be

[10:17] {Moose} AIG scalpie +.08

[10:18] {ese} beginning of the "seed slide maybe

[10:18] {Moose} AIG active again

[10:20] {ese} uaua....hense the reason for well placed stops

[10:22] {fernp} shorted a ridiculous lot at 27.98 and covering here +.10

[10:23] {Threei} ridiculous lot - 13 shares?

[10:23] {nemo} ridiculously big, or ridiculously small?

[10:24] {fernp} 100

[10:24] {ese} what did you short fern?

[10:24] {fernp} wfc

[10:25] {Threei} sheesh... is it a dream or wat

[10:25] {Threei} AIG breakout worked

[10:26] {Threei} this is something I haven;t seen in quite a while

[10:26] {Threei} didn't want even to think of calling it

[10:26] {Moose} i walked away and missed it

[10:26] {ese} hig vad ...thoughts any

[10:27] {BillyD} I got 200 shares of AIG .51 and sold .65 & .68

[10:27] {ese} nice billy

[10:27] {BillyD} yes, but my stops at larger shares :)

[10:27] {BillyD} ty though

[10:28] {Threei} wtg Billy

[10:28] {fernp} gj Billy

[10:28] {BillyD} thx

[10:28] {strider} vad, OVTI?

[10:29] {Threei} thinking .40 break?

[10:29] {strider} actually thinking bear flag and short

[10:30] {Threei} .35 breakdown then

[10:30] {Threei} if stays under .40

[10:30] {strider} thx

[10:30] {ese} l hig .69

[10:30] {Threei} FITB

[10:30] {Threei} Long Setup: FITB .15 break if stays above .10

[10:32] {nemo} in

[10:32] {strider} in .16

[10:32] {strider} should have waited.

[10:33] {nemo} aig, sheesh

[10:33] {Moose} yeah

[10:33] {Moose} was just on CNBC

[10:33] {nemo} what

[10:33] {Moose} AIG

[10:33] {nemo} oh

[10:34] {Moose} mentioned that AIG had payed back money prior to spin off or something

[10:34] {nemo} the energy trading part?

[10:34] {Moose} no clue

[10:34] {Moose} CNBC is mostly noise to me

[10:35] {Moose} and annoying

[10:35] {nemo} now fitb is trading by appointment

[10:37] {Threei} it usually is

[10:37] {Threei} it's not AIG by any means

[10:37] {nemo} where's ese on this one?

[10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:40] {ese} ya know what....what the H am i thinking today....out hig .71 +.02

[10:41] {ese} i have .11 in hig and i let it ride....i have to be out of my friggin mind

[10:41] {ese} watching it go up and dn

[10:42] {Moose} another AIG scalp +.13

[10:42] {ese} done for the day all until i get my act together

[10:42] {Threei} I have to aree with magoo... AIG looks capable of big run

[10:42] {nemo} magoo's not here, Vad

[10:42] {ese} just watchin from here on in..........destructive thought process goin on

[10:43] {Threei} 10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33

[10:43] {nemo} out fitb vad?

[10:43] {Threei} if loses .10

[10:45] {Moose} beginning to think waiting on AIG pullback is fruitless

[10:45] {fernp} was thinking the same...

[10:51] {Threei} Short Setup: GLD 117 break

[10:51] {Threei} half lot

[10:51] {Threei} if stays under .10

[10:51] {Threei} actually... stop is small enough for full lot

[10:51] {Threei} sme slippage is possible though

[10:51] {Threei} so 3/4 lot

[10:52] {Threei} aggressive entry maybe better idea

[10:53] {strider} with aggressive entry is stop still at .10?

[10:53] {Threei} a few cents above

[10:55] {ese} more like it in and out rimm .89 to .99

[10:55] {ese} 4k

[10:55] {Threei} gj

[10:55] {Threei} ese taming RIMM

[10:55] {fernp} stopped GLD

[10:56] {fernp} took aggressive entry

[10:56] {ese} naw that was an angry trade.....really ticked at myself for bit this morning

[10:56] {Threei} was wrth a try for a few cents

[10:56] {nemo} yeah, but great setup

[10:56] {ilana} it's time to say it, Vad

[10:57] {Threei} say what?

[10:57] {ilana} "I hate GLD"

[10:57] {Threei} oh

[10:57] {Threei} okay... I do

[10:57] {Threei} but I have hard time finding what I like today, lol

[10:58] {nemo} or what likes you

[10:58] {Threei} that's easy

[10:58] {nemo} sorry

[10:58] {Threei} lol

[10:58] {nemo} well, not really

[10:58] {Threei} very... answer is, not much at best

[10:58] {nemo} doesn't say much for me then :)

[10:59] {Threei} AIG picks up pace again

[11:00] {Threei} shouldn't break this time...

[11:01] {Threei} let's see if we get double top with readable short trigger

[11:01] {Threei} on AIG

[11:01] {nemo} might it take fitb with it?

[11:02] {Threei} I don't think they are connected much

[11:03] {Threei} sigh

[11:03] {Threei} double top and drop is there, trigger is not

[11:05] {BillyD} keep eye on ASIA

[11:05] {ese} l hban .78

[11:07] {ese} l drys avg .23

[11:09] {nemo} DE Vad?

[11:09] {Threei} looks like short to me

[11:09] {Threei} but for some reason everything looks like short to me

[11:10] {BillyD} how tall are you Vad

[11:10] {nemo} fitb didn't

[11:10] {strider} did you grow taller last night?

[11:10] {nemo} hehehehe

[11:11] {Threei} sigh... how did I get myself in this company, lol

[11:11] {Threei} OK, AIG

[11:11] {Threei} if moves somewhere in .60 area, will become a short on bounce

[11:12] {Threei} stop would have to be above .80

[11:12] {nemo} fitb trying for a quasimodo

[11:14] {Threei} {FITB} you... you...

[11:15] {Threei} youy know what

[11:15] {Threei} AIG changed

[11:15] {Threei} .50 break is long trigger

[11:15] {Threei} if stays above .35

[11:15] {Threei} and risky as hell

[11:15] {nemo} magoo's in

[11:15] {Threei} like 5 times already

[11:16] {nemo} yeah...he must be hunting

[11:17] {nemo} DE long here? .10 break, stays above 54?

[11:17] {Threei} probaly

[11:18] {Threei} .09 is nice barrier

[11:18] {Threei} if broken, ashould jump

[11:19] {Threei} jumped

[11:19] {nemo} got buy me and I was order at .12

[11:19] {nemo} bohica

[11:20] {BillyD} same here newmo

[11:20] {fernp} didn't get my fill at .12 DE

[11:20] {nemo} nemo or newman?

[11:20] {BillyD} no, it's newmo

[11:20] {nemo} I feel better, we're all fubar

[11:20] {nemo} great

[11:20] {BillyD} :)

[11:21] {Threei} I got lousy 200 shares at .11

[11:22] {strider} AIG

[11:22] {nemo} I got zero shares at .12

[11:23] {fernp} and what is your stop nemo? lol

06[11:23] * nemo slaps fernp around a bit with a large a box of Techniques of Tape Reading

[11:23] {strider} remember. Let you're winners run.

[11:23] {strider} your

[11:25] {strider} AIG looks like a short, but I don't believe it.

[11:27] {nemo} ty fitb

[11:28] {Threei} {FITB} and you called me ugly

[11:28] {ese} 1/2 out hban .83 +.05

[11:28] {ese} that red candle there is me i guess knocking it dn

[11:29] {strider} OK so that's not the most right I've ever been. AIG

[11:30] {Threei} this I hate

[11:30] {nemo} what now

[11:30] {Threei} to get right read on something, and never find entry

[11:30] {Threei} AIG double top

[11:31] {strider} then a cup and handle...20 break.

[11:31] {strider} .20

[11:33] {ese} out in full hban .81 +.03

[11:34] {larisa} AIG it was actually not double but 4th top try. why did you think it will not break 31.80 ?

[11:34] {strider} ese, your broker must love you.

[11:34] {Threei} second test was on lower volume

[11:34] {Threei} and overall felt like fizzling out

[11:37] {ese} definitely

[11:38] {ese} skys the limit for drys if it can solidly get past .25

[11:39] {ese} eventual plan is to get with vads broker

[11:41] {strider} AMZN read, vad?

[11:41] {Threei} not much here

[11:41] {Threei} I am useless today, ain't I

[11:42] {ese} auch du miya......drys.....get up there

[11:42] {Threei} severe lack of sleep

[11:42] {strider} why don't you just go..............oh, never mind. Nemo says you can't.

[11:42] {Threei} full moon... for some reason I can'rt sleep on these nights

[11:42] {Threei} not that I have anything wereworfy in me

[11:44] {BillyD} go see Twilight late night if can't sllep

[11:44] {BillyD} sllep

[11:44] {BillyD} sleep

[11:45] {ese} no sllep is the word......we have our own language here.....we understand that

[11:45] {Threei} lol

[11:45] {BillyD} lol

[11:45] {strider} Vadish?

[11:45] {nemo} Threeish

[11:47] {ese} look at that sloth uaua........hits me for a stop and then what........sheesh

[11:49] {ese} the same with rimm.........if it wasn't for my ahhhhhhh big deal theres jore where that came from attitude.........i'd be pulling my hair out......and definitely breaking into vads vodka cabinet

[11:50] {ese} jore.........hmmmmmmm ya that works

[11:51] {nemo} glad I took the fitb scalp

[11:51] {Threei} yeah, water torture

[11:51] {nemo} in more ways than one, trying to wait that out got painful

[11:51] {ese} what did you take it for nemo?

[11:51] {nemo} got in at .15 out at 20

[11:52] {ese} nice.......huge lot

[11:52] {ese} 20k or so?

[11:52] {nemo} no ese, I trade small

[11:53] {ese} this is an ok thing......

[11:53] {strider} AIG long at .40 break?

[11:54] {Threei} getting interested

[11:54] {nemo} .25 stop

[11:54] {Threei} why not

[11:54] {strider} conservative eentry for me.

[11:55] {nemo} lunch time

[11:59] {strider} AIG gonna d**k around for awhile, imo

[12:00] {nemo} lunch time

[12:01] {Threei} JCI to Supply the Battery for Transit Connect Electric Vehicle

[12:02] {Threei} Market Internals update at 12:00pmET

[12:02] {Threei} - NYSE volume 415M shares, about 15% below its three-month average; advancers lead decliners by 5.2:1.

[12:02] {Threei} - NASDAQ volume 920M shares, about 7% below its three-month average; advancers lead decliners by 2.3:1.

[12:02] {Threei} - VIX index -9% to just under 22.50

[12:03] {fernp} I've saw the pic of your desk, Vad

[12:03] {fernp} a bit cluttered, no? :-)

[12:03] {nemo} sign of a brilliant mind

[12:03] {Threei} I guess

[12:04] {fernp} have you ever upload to the blog, the picture that you have hanged at the top right on your wall?. seems nice

[12:04] {Threei} taje certain effort to fend off attempts to "clean it"

[12:04] {Threei} I think so

[12:05] {Threei} yup

[12:05] {Threei} http://www.realitytrader.com/photography/uploaded_images/PB144227_1-750483.jpg

[12:05] {fernp} yes, very nice

[12:05] {Moose} Buchart Gardens

[12:05] {Threei} ty

[12:05] {Moose} nice

[12:05] {strider} AIG ...crap

[12:05] {BillyD} GSIT fiesty

[12:06] {Threei} ultgra wide angle lens creates these amazing sweeping landscapes

[12:06] {Threei} AIG 1:3

[12:07] {fernp} missed AIG call

[12:07] {strider} Didn't trust my own idea.

[12:07] {strider} for conservative entry.. was perfect.

[12:07] {strider} sigh.

[12:09] {nemo} gold about to break 1200

[12:10] {strider} must be time to short.

[12:10] {Threei} watch for pullback toward .55-.60 AIG, strider

[12:10] {Threei} will be an entry candidate there again

[12:10] {strider} k

[12:11] {nemo} actually, 1200 might be the catalyst for the next leg up

[12:12] {ilana} RIMM break?

[12:13] {Threei} .45 brteak if market helps, yes

[12:14] {Threei} AIG is getting there

[12:19] {Threei} keep AIG stop under .50 for scalpers

[12:20] {Threei} day traders too actually

[12:20] {Threei} US) Fed's Plosser: Fed needs to raise rates to protect its credibility and prices

[12:20] {Threei} hmmm

[12:20] {nemo} what credibility?

[12:21] {Threei} such remark casn send market down a lot of points

[12:21] {Threei} especially if there is a timeline attached to it

[12:21] {Threei} but we can only dream

[12:21] {Threei} - May need higher rates before unemployment returns to appropriate levels

[12:21] {Threei} - Economy is in recovery, expects to see 3% GDP growth over next two years.

[12:21] {Threei} - Housing is stable but risks remain in commercial real estate

[12:22] {strider} long .52 AIG

[12:22] {Threei} well, with 3 cents stop you are already over 1:2

[12:22] {Threei} lol

[12:22] {Threei} 1:3

[12:25] {strider} out +.12

[12:26] {Threei} nice and easy

[12:26] {Threei} wuth ridiculously small risak

[12:26] {Threei} wtg

[12:26] {strider} :)

[12:27] {strider} Now if I can just develop the stomach for hanging on a little longer.

[12:27] {Threei} there is a time for everything

[12:27] {strider} Even fruit cake?

[12:28] {Threei} only with some grinded meat in it

[12:28] {strider} BECN

[12:28] {Threei} ground?

[12:29] {strider} yeah

[12:29] {Threei} nah

[12:29] {Threei} I like grinded

[12:29] {strider} whatever.

[12:32] {strider} DRYS moving up nicely. Against the Baltic dry index.

[12:36] {ese} ya......all 12 dry bulk carriers that i follow are up

[12:36] {ese} if drys manages to get an oil drilling contract before the end of this month it will spike up......

[12:37] {ese} they were shooting for a couple......whether that happens or not...who knows

[12:37] {strider} thx for info.

[12:38] {strider} Guess I need to read up on my swing trades.

[12:38] {strider} PEIX rides again.

[12:40] {Threei} (IA) Iranian Oil Minister: Oil exports may be halted if embargo continues (related USO UNG )

[12:41] {BillyD} RIMM may go if holds .40 and takes .50

[12:41] {BillyD} then again, b/o at lunch

[12:42] {nemo} yep, aig did,but it's a momo today

[12:43] {nemo} volume looking right on rimm though

[12:43] {nemo} big offer .50

[12:43] {Threei} looks very tempting

[12:44] {nemo} yeah, which means somebody watching...me paranoid?

[12:44] {Threei} yes but it doesn't mean they are not after you

[12:45] {nemo} high is .52

[12:47] {nemo} frig

[12:48] {nemo} didn't get fill

[12:48] {Threei} you are kidding

[12:48] {nemo} no

[12:48] {Threei} that was easy in

[12:48] {nemo} too tight at .41

[12:48] {nemo} .51

[12:48] {Threei} half out

[12:49] {BillyD} full out

[12:49] {Threei} Ilana is over 1:1 solidly if took .45 entry

[12:49] {Threei} full out now

[12:49] {fernp} neither me, i tried .52 but not filled

[12:49] {Threei} you guys don't do the hover trick

[12:49] {BillyD} got it at .50

[12:49] {Threei} me too

[12:49] {Threei} grabbed last shares, literallyt

[12:49] {strider} {-------------oh ye of little faith.

[12:50] {nemo} what's that...depress the buy button, but don't release, and then move it off the button if it doesn't trip?

[12:50] {Threei} right

[12:51] {BillyD} CLWT, can't find entry on it

[13:00] {nemo} what's cat going to do from here?

[13:02] {Threei} drop

[13:02] {BillyD} I don't think that way....lol

[13:02] {BillyD} hehe

[13:03] {Threei} no but I can answer without thinking {G}

[13:03] {BillyD} :)

[13:03] {nemo} comes naturally to him

[13:07] {BillyD} would like for ASIA to consolidate here

[13:07] {strider} kind of like Europe?

[13:07] {nemo} oy

[13:08] {larisa} lol

[13:08] {ilana} CHINA is better

[13:08] {BillyD} good one S

[13:08] {Threei} not all ASIA thinks so

[13:09] {strider} heck with em...shove it down their throats...they'll get used to it.

[13:10] {Threei} boy I can't wait for magoo to return from hunting and see moose next to him

[13:10] {BillyD} slap happy

[13:10] {Threei} I swear he will think it's a practical joke on him

[13:11] {strider} Now if magoo is here but Moose is gone...........

[13:12] {Threei} if only pterodactyl started with d, we would get dino too

[13:12] {nemo} you have too much time on our hans

[13:13] {nemo} hands

[13:13] {larisa} this is too funny

[13:13] {nemo} so much for cat going down

[13:13] {Threei} which part?

[13:13] {BillyD} unless your Moose Larisa

[13:14] {larisa} true :)

[13:14] {Threei} (US) Los Angeles Mayor announces electric car incentives; to help upgrade 400 charging stations and build 100 more (related JCI AONE CARBX )

[13:14] {Threei} didn't AONE lose those contracts?

[13:14] {strider} It looks pretty happy today.

[13:16] {Threei} TM Reports Nov US vehicle sales +11.5% (unadjusted) v +4.5%e (adj) at 133K units

[13:17] {nemo} nuva almost completely recovered

[13:17] {larisa} Moose needs to change nick to Mousse, sounds kinda the same, but magoo will never guess :)

[13:17] {larisa} was just looking at NUVA

[13:17] {Threei} let's see if AUDC finds new interest at some point

[13:17] {Threei} news earlier

[13:17] {Threei} AUDC Hearing positive chatter circulating on prospects for Audiocodes newest VoIP product to be included in the Apple iPhone or other smartphone products

[13:17] {Threei} - speculation is based on AudioCodes release of a new VoIP mobile access solution this morning

[13:21] {BillyD} AMZN

[13:21] {nemo} yeah...nuts today

[13:21] {BillyD} it's on a good run

[13:23] {ese} outa here.....concert at the Bay Center here in Victoria.......commin Vad?

[13:24] {ese} pick ya up on the way......ehhhhhhh?

[13:24] {Threei} on the way?? :)

[13:24] {Threei} it would be like 15 km hook for you, lol

[13:24] {ese} thought you'd pick up on that one

[13:24] {ese} that got your attention

[13:24] {Threei} take care, see you tomorrow :)

[13:25] {ese} ya.......a mere 15 to 20 k detour

[13:25] {BillyD} cya ese

[13:25] {ese} whats distance among friends

[13:25] {ese} cya

[13:25] {strider} missed a good AIG setup

[13:29] {Threei} .50 break?

[13:29] {strider} .45

[13:30] {strider} little inverse h&s pattern

[13:31] {strider} Actually I guess .48 would have been the technical break.

[13:36] {strider} bounced off .45 again.

[13:37] {Les} howdy

[13:37] {Les} AWIAV?

[13:37] {fernp} nope

[13:38] {strider} what is AWOA

[13:38] {strider} AWIAV

[13:39] {nemo} Are We In Anything Vad

[13:39] {Threei} hi les

[13:39] {strider} ah

[13:40] {Les} last minute work with landscapers for the year. Snow threatening these last 24 hours

[13:41] {Les} SEED is a little eveready bunny, just keeps on going

[13:41] {Threei} so is AIG

[13:43] {Threei} Short Setup: AIG .50 break

[13:43] {Threei} stop above .60 for scalpers

[13:43] {Threei} .65 for day traders

[13:44] {Threei} Fed's Plosser: recent drop in the USD reflects the unwinding of a "flight to safety" trade; recent drop must be seen in the context of the dollar's rise during the financial crisis

[13:45] {Threei} what a convoluted explanation

[13:45] {strider} in

[13:45] {nemo} yeah...taurine excrement

[13:45] {Les} well I'm impressed. I imagine the average punter is too.

[13:46] {Threei} NSANY Reports Nov US vehicle sales +30% v +8.5%e (adj) (15.10, +0.67, 4.64%)

[13:46] {Threei} wow Nissan

[13:47] {Threei} I picked right car manufacturer

[13:50] {Threei} come on market, time for little pullback

[13:50] {Threei} don't ya think

[13:51] {nemo} well, if this works, first stop should be 31, and then 30.75

[13:52] {nemo} you've got support and the 200 ma just under .50

[13:52] {larisa} AIG is just angry with you, you compared it to a bunny :)

[13:52] {ilana} what was the setup, vad?

[13:52] {Threei} .50 break

[13:52] {ilana} yeah, but why?

[13:52] {strider} out -.13

[13:52] {Threei} break of support

[13:53] {Threei} lower high

[13:53] {Threei} market reversing

[13:53] {ilana} didn't consolidate

[13:54] {Threei} stayed under .65 long enough to validate a break

[13:54] {ilana} oh ok

[13:56] {ilana} i officially declare " I hate AIG"

[13:58] {Les} ilaanaaa.

[13:59] {Threei} that sounds Estonian

[13:59] {Les} let's call it "lunchtime misdemeanour"

[14:00] {Threei} die mrket

[14:00] {ilana} it's not this time only

[14:00] {Threei} die AIG

[14:00] {strider} are you still in AIG?

[14:00] {Threei} yeah

[14:02] {Threei} Fed Discount Meeting Minutes: Bankers are seeing positive economic growth trends; accomodative policy still appropriate

[14:02] {Threei} - inflation expectations currently at modest levels

[14:02] {Threei} - have not seen evidence that foreshadows a decline in excess capacity

[14:04] {nemo} was looking at rimm break of .65 short,,what a trap

[14:05] {Threei} out AIG

[14:05] {fernp} stopped

[14:07] {fernp} my day is over. Tomorrow will be better (I hope) :-)

[14:07] {fernp} Have a nice evening everybody. See you all tomorrow.

[14:07] {Threei} take care fern

[14:07] {Threei} you know it wikll

[14:07] {Threei} not a first time

[14:07] {fernp} yeah

[14:08] {nemo} pru...I'd say short, but...

[14:10] {strider} I'm out here too...see you in the morning.

[14:10] {Threei} take care strider

[14:10] {strider} you too...

[14:11] {ilana} WFC

[14:11] {ilana} which way?

[14:11] {Threei} no setup either way

[14:11] {Threei} toss a coin

[14:12] {fernp} before I go, some pics of my desk:

[14:12] {fernp} http://i33.tinypic.com/o91u0n.jpg

[14:13] {fernp} http://i36.tinypic.com/16029p0.jpg

[14:13] {fernp} the last one http://i47.tinypic.com/2zylaw2.png

[14:13] {fernp} see you :-)

[14:13] {Threei} that's scary clean desk

[14:13] {ilana} lol

[14:14] {ilana} can you find anythig in there?

[14:14] {fernp} lol

[14:14] {BillyD} my kind of desk fern....well mine a little messier

[14:15] {Threei} mine stays in such state for a few hours after major cleanup

[14:18] {Threei} IA) Iran Pres Ahmadinejad: There is no need for more nuclear talks; the issue is 'resolved'

[14:19] {nemo} well, pru idea was good

[14:20] {Les} CLEAN! that ain't clean. this is clean.http://up.widget.mibbit.com/up/O3nytvQF.jpg

[14:20] {Les} maybe unhealthily clean, but I'm not willing to admit it

[14:21] {Threei} ok, this is sick

[14:21] {ilana} you just admitted it

[14:21] {Les} it's my wife's influence

[14:21] {Les} I once used to be like Vad

[14:22] {Threei} you don't "used to be like this"

[14:22] {Threei} you come to it through years of fighting

[14:22] {Threei} for your independence

[14:22] {Threei} liberty

[14:22] {nemo} yeah, he's whipped

[14:22] {Threei} right to stay messy

[14:22] {ilana} don't give up, Vad

[14:22] {Threei} never

[14:22] {Threei} I won the right to have desk like this over decades

[14:23] {nemo} Remember...if it weren't for THEM, we'd still be in The Garden of Eden

[14:23] {ilana} yeah yeah yeah

[14:23] {nemo} yeah the story leaves out what Eve actually said to Adam

[14:24] {Les} Vad - dcc

[14:24] {ilana} how would you know if it left out

[14:25] {nemo} I have connections

[14:25] {ilana} and?

[14:25] {nemo} "you don't eat this, you don't get this. Get it?"

[14:25] {Moose} and AIG again making new highs

[14:26] {Les} lol Nemo!

[14:26] {nemo} hig flirting w new highs

[14:26] {nemo} Plu cest change plu cest le meme chose, Les

[14:27] {Raven} sigh

[14:27] {nemo} amazing what it takes to get him to pipe up

[14:28] {Raven} ---{}---

[14:29] {nemo} ahhh...Raven......what exactly is that supposed to represent?

[14:29] {Raven} I cannot reveal such thangs

[14:30] {Threei} AIG gears up for 32 and above

[14:31] {Threei} US) Senator Baucus (D-MT): Costs for the pharmaceutical industry could be more under healthcare reform, discussions are ongoing

[14:32] {Threei} BCRX Ticking higher; JMP securities making positive comments on yesterday's Japanese approval of peramivir

[14:33] {nemo} SEED huge volume and small range today

[14:33] {Threei} SEED actually looks like ready to reverse

[14:34] {Threei} if doesn't lose 14 anymore and breaks this .07 - .08 level

[14:48] {Threei} HEAT lost its mind again

[14:48] {Les} Wow, RIMM's been playing some lovely breakout setups today

[14:49] {BillyD} bye all, gott a go, have a good one

[14:49] {Threei} look at AIG

[14:49] {nemo} ig tankr

[14:49] {larisa} bye BIlly

[14:50] {Threei} take care billy

[14:50] {Moose} cliff diving

[14:50] {Les} billy

[14:50] {Threei} piece of crap... this is what it had to do before stopping us out

[14:50] {Les} would have been nice

[14:53] {Threei} jeez

[14:53] {Les} talk about the nuclear option

[15:02] {larisa} .

[15:03] {Les} what was the score for the day Vad? Opening provide good opportunities today?

[15:03] {Les} what is the score

[15:03] {Threei} not really

[15:03] {Threei} slightly down

[15:03] {Les} what? stops taken?

[15:04] {Threei} how else you find yourself down?

[15:04] {Les} thought you meant market opening.

[15:04] {Les} i can see that is down

[15:05] {Les} ok. well with that cheery note I will hit the sack. got more garden work waiting for me tomorrow. 3 degrees outside. yuk

[15:06] {Threei} yuk is right

[15:07] {Threei} AIG just as fast in another direction now

[15:07] {Threei} what the deuce

[15:12] {ilana} RIMM .30 break?

[15:13] {ilana} with market's help

[15:13] {Threei} if OK with stop under .15

[15:13] {ilana} wow, wide...

[15:14] {Threei} that's closest support

[15:28] {nemo} cat vad

[15:28] {Threei} ?

[15:28] {nemo} dancing along support

[15:30] {ilana} is there a volume at all?

[15:31] {Threei} not much

[15:33] {ilana} did you take it nemo?

[15:34] {nemo} no I didn't

[15:38] {Threei} Long Setup: FAZ .60 break

[15:39] {Threei} if stays above .55

[15:41] {nemo} in and out

[15:42] {Threei} ?

[15:42] {Threei} did it ever trigger?

[15:42] {nemo} yes, I got a print

[15:42] {Threei} I haven't seen offer going above .60

[15:42] {ilana} i think there was .61

[15:42] {nemo} yes

[15:43] {Threei} I blinked then

[15:43] {nemo} my reflexes are great on stops

[15:50] {ilana} FAZ is going nuts, against the market

[15:50] {nemo} faz is financials short...so it should

[15:50] {Threei} it always is

[15:51] {Threei} it's a short ETF

[15:51] {ilana} oh

[15:51] {Moose} inverse of FAZ is FAS

[15:51] {ilana} i thought FAS is

[15:51] {ilana} oh ok :)

[15:51] {Moose} FAS is bull

[15:53] {Moose} btw... new margins going into effect for leverged ETFs... 3x (like FAS FAZ) will be something like 80 or 90%

[15:53] {Threei} not very happy with today

[15:54] {Threei} a few too many stops, a few too few wins

[15:55] {ilana} there must be these days sometimes

[15:55] {nemo} once every week or two

[15:55] {Threei} yeah

[15:56] {Threei} just stating the fact that this was one of them

[15:56] {ilana} gn, see you tomorrow

[15:56] {Threei} take care ilana

[15:57] {Moose} me too... adios all

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {larisa} bye all!

[15:57] {nemo} c u

[15:58] {larisa} a lot of selling on AAPL. First to reverse and take market with it ? :)

[15:58] {Threei} hopefully

[15:58] {Threei} we should get some selling some day, no??

[15:58] {Threei} really becomes very hard to squeeze something

[16:01] {Threei} AAPL Hearing recent weakness being attributed to rumor of potential partnership with T-Mobile