Dec 10 2009

One of those days when you don't know why you bothered to wake up - empty and listless.

Session Time: Thu Dec 10 00:00:00 2009

[08:14] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:14] {Threei} - Expectations for initial claims are 455K v prior release of 457K (range seen from 380K to 490K)

[08:14] {Threei} - Continuing claims seen at 5.450M v prior 5.465M (range seen from 5.300M to 5.500M)

[08:14] {Threei} US) Preview:Oct Trade Balance due out at 8:30amET (13:30 GMT)

[08:14] {Threei} **consensus expectation: -$36.8Be v -$36.5B prior (range of analyst estimates seen from -$41.3B to -$32.0B)

[08:14] {Threei} ***Note: The 18+% m/m widening in Sept in the deficit grew at the fastest pace since early 1999.

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 474K V 455KE

[08:30] {Threei} CONTINUING CLAIMS: 5.157M V 5.450ME

[08:30] {Threei} US) OCT TRADE BALANCE: -$32.9B V -$36.8BE

[08:32] {nemo} market shook that off

[08:32] {Threei} trade balance is better... jobs are worse...

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:37] {nemo} Hola fern...ty for the vocabulary lesson

[08:38] {nemo} oh...Vad....funny edits on the log last night

[08:39] {nemo} Who'da thunk you would have to edit Raven

[08:39] {Les} not cool. didn't even get to read what Raven said.

[08:40] {Les} GM :)

[08:40] {Threei} :)

[08:40] {Threei} Les :)

[08:40] {nemo} he made some freudian slip that utilized a derogatory reference to women in the oldest profession

[08:44] {nemo} fcx holding strong even in index retracement

[08:45] {Les} happy day today? futures up, FCX/CAT/WFC up... GOLD down, $ consolidating. curious to see how we open

[08:49] {Threei} MAGS Selling European subsidiary

[08:49] {Threei} - Has sold its European subsidiary which it acquired in September 2007.

[08:49] {nemo} and he said he was out plowing

[08:50] {Threei} when in fact he was just drinking away proceeds of subsidiary sale

[08:50] {Threei} les was suspiciously absent at the same time too

[08:50] {Threei} so maybe he was a buyer

[08:57] {fernp} de nada nemo, was a pleasure :-)

[09:00] {ese} morning

[09:00] {nemo} dude

[09:00] {Threei} ese :)

[09:00] {fernp} ese

[09:00] {ese} vad dude fern

[09:00] {strider} morning everyone.......

[09:01] {fernp} strider

06[09:01] * nemo slaps strider around a bit with a large trout

[09:01] {Threei} strider :)

[09:01] {ese} st

[09:01] {strider} Vad, where do you find these people (nemo)?

[09:02] {nemo} the gutter

[09:02] {Threei} I seem to be a maget for dubious characters

[09:02] {Les} Hey Vad just finished watching Star Trek...

[09:02] {Threei} hmm?

[09:02] {nemo} I had just been released from Folsom for a triple murder, judge decided I was insane at the time so couldn't be convicted

[09:02] {Les} Tchekov, the young ensign shouts something in Russian when he manages to pull Kirk and Spock on board

[09:02] {Threei} did I recommend it?? :)

[09:02] {strider} At least not Dubai-ous characters.

[09:02] {Threei} oh

[09:03] {Les} oy voy?

[09:03] {Les} or something like that?

[09:03] {Threei} no idea, I never saw it

[09:03] {Les} really? cool film

[09:03] {strider} Failed bar mitzvah, Les?

[09:03] {nemo} yes...they did a good job with it

[09:03] {Les} up there with new Batman franchise

[09:04] {nemo} look at pattern rimm forming this morning

[09:04] {Les} how? you have chart showing pre market?

[09:04] {Les} or just monitoring prices?

[09:05] {Threei} chart starting from 8 am

[09:05] {Les} Laser?

[09:05] {Threei} yeah

[09:05] {nemo} yes, and on IB it should start even earlier

[09:06] {Les} foun it

[09:06] {Les} found

[09:07] {ese} cien beats q and rev's

[09:07] {strider} STLD drop

[09:08] {ese} and dn .45

[09:08] {Threei} 30% Say World Headed for Catastrophe If UN Fails To Act on Global Warming

[09:08] {nemo} maybe humanity is but the world will be fine

[09:08] {Threei} and

[09:08] {Threei} 30% Say U.S. Heading In Right Direction

[09:08] {Threei} finally some consistency in tracking the idiots

[09:08] {nemo} same 30%

[09:09] {Les} what? have enough recessions to starve people of energy and consumption requirements?

[09:09] {ese} it's a casterated now........oh sorry wrong wordd catastrophe

[09:09] {strider} (where am I going, and why am I in this handbasket?)

[09:09] {nemo} strider....did you take your meds?

[09:10] {strider} don't need no stinkin' meds.......I can fly.....I can fly....

[09:10] {nemo} oh oh

[09:10] {ese} stld guides dn eh....hmmmmmmmm

[09:11] {strider} ese's starting to drool.

[09:12] {nemo} strider...it's like you've been here for years

[09:12] {ese} it's kinda in breakout territory

[09:13] {ese} 18.56 to be exact

[09:13] {strider} nemo...is that a good thing?

[09:14] {strider} ...or an insult.?

[09:14] {nemo} it is what it is...good is in the eye of the beholder

[09:14] {strider} " Steel Dynamics volatility near two year lows "

[09:15] {Threei} jmb, look your e-mail please

[09:16] {larisa} gm all

[09:16] {Threei} larisa :)

[09:16] {Les} afternoon larisa

[09:17] {larisa} vad, les :)

[09:18] {dino} gm all

[09:19] {Threei} dino :)

[09:19] {strider} morning, larisa, dino.

[09:19] {nemo} haroo

[09:20] {Raven} unbelievable

[09:20] {nemo} huh?

[09:20] {Threei} what is?

[09:20] {Raven} this room

[09:20] {strider} Yeah, nemo's pretty unbelieveable.

[09:20] {nemo} yes...and you keep coming back

[09:20] {Raven} you keep reminding me of that

[09:21] {Threei} hey, I think I did rather good job on the end of day log

[09:21] {Raven} I can't look

[09:21] {Threei} why?

[09:21] {nemo} so, it's either the bad highway accident affect, or something deep, dark...rooted in your psyche....is your middle name Norman?

[09:21] {ese} me thinks that stld at some point today is going to make a run for it

[09:21] {nemo} north or south ese?

[09:22] {ese} north

[09:23] {strider} watching anything, vad?

[09:23] {Threei} nothing outstanding

[09:23] {Threei} just usual suspects

[09:23] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {fernp} trev

[09:24] {nemo} oy, wish I had looked at gld 5 minutes ago...look at the volume divergence

[09:24] {nemo} THAT! was a textbook short

[09:24] {Les} I was looking 5 mins. ago

[09:24] {nemo} why didn't you say anything?

[09:25] {Les} dropped into trigger

[09:25] {Les} I was looking as it sailed past .80 I think

[09:25] {nemo} O.K. then, we'll blame that one on you

[09:26] {Les} didn't have time to pull the trigger

[09:26] {Les} let alone make a call

[09:27] {dino} es steels were good yesterday

[09:27] {nemo} Yeah, so...what's that got to do with shifting the blame to someone else for capricious and shallow reasoning

[09:27] {Les} sorry, my bad

[09:27] {dino} i saw your survey, 30%, what about the majority

[09:31] {ese} l stld .26

[09:31] {nemo} wow, that's the most sedate opening minute in fcx in a long time

[09:31] {Threei} AKNS

[09:31] {Threei} Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels

[09:31] {Threei} - Co states that for the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc, a leading installer and manufacturer of solar power systems.

[09:32] {nemo} rimm momo again

[09:34] {ese} l stld avg .18

[09:35] {Threei} Long Setup: AKNS .70 if stays above .60

[09:36] {Threei} Long Setup: BRCM .50

[09:36] {Threei} if stays above .40

[09:37] {nemo} break of or .50

[09:37] {Threei} metldown

[09:38] {Threei} RIMM, long on pullback, hopefully under 65

[09:39] {ese} hmmmmm hopefully won't regret this...am hangin on to stld...had 420.00 in my pocket

06[09:39] * nemo slaps magoo around a bit with a large trout

[09:39] {magoo} morn

[09:40] {Threei} mags :)

[09:40] {strider} in BRCM

[09:41] {Threei} a bit too soon

[09:41] {nemo} oy, look at all those offers at .50

[09:41] {Threei} there are big offers, why be a first buyer?

[09:41] {Threei} [09:37] {nemo} break of or .50

[09:41] {Threei} [09:37] {Threei} metldown

[09:41] {Threei} wait foer them to get hit, grab as they start scrolling fast

[09:42] {strider} out. -.03

[09:42] {nemo} ahhh...impetuous youth

[09:42] {ese} out stld .38

[09:43] {ese} +.20

[09:43] {Les} stld b/o

[09:43] {ese} i think so but i'm happy with my 850.00

[09:44] {fernp} gj ese

[09:44] {Les} kaching

[09:44] {ese} tks

[09:46] {nemo} DG tanked, where's dino

[09:47] {magoo} dino looks for like 3 points down

[09:47] {strider} RIMM still good?

[09:47] {strider} hmmm

[09:48] {Threei} 65 break

[09:48] {ese} stld?

[09:49] {Threei} invalidated

[09:49] {nemo} .68 is 200 ma

[09:49] {magoo} look for the bounce vad RIMM

[09:49] {Threei} ??

[09:49] {Threei} what was I just talking about?

[09:49] {Threei} [09:47] {strider} RIMM still good?

[09:49] {Threei} [09:47] {strider} hmmm

[09:49] {Threei} [09:48] {Threei} 65 break

[09:50] {magoo} im talking after the invalid

[09:50] {nemo} wow, it bounced right at support

[09:50] {magoo} AAPL 2 pt tank

[09:50] {Threei} ENER Hearing strength being attributed to renewed takeover chatter (11.13, +0.60, 5.70%)

[09:50] {Threei} BRCM holding right under high

[09:51] {strider} is RIMM invalid or not?

[09:51] {Threei} [09:49] {Threei} invalidated

[09:51] {Threei} [09:49] {nemo} .68 is 200 ma

[09:51] {magoo} invalid

[09:52] {magoo} i was looking for bounce down here somewhere

[09:52] {Threei} .70 break

[09:52] {Threei} stop under .60

[09:53] {strider} stoppeedd

[09:54] {Les} put rimm aside a moment. 2 for 2 stopped on me now

[09:54] {Threei} what was first?

[09:54] {fernp} Have you seen ECA, dino? big gap down

[09:55] {nemo} cat support .90

[09:56] {dino} eca spilt

[09:56] {nemo} spilt what?

[09:57] {strider} BRCM back.

[09:57] {Les} b/d of .75, 9:49. The green ticker that bounced. 2 ticks too early

[09:57] {dino} 2 companies

[09:58] {nemo} wow, that was quite the stop slam on brcm

[09:59] {Threei} BRCM with any market help feels like aiming for 32

[09:59] {strider} entry on pb?

[10:00] {Threei} stop will have to be under .35

[10:00] {strider} I'll wait.

[10:02] {nemo} wow, rimm

[10:03] {nemo} pivot is 63.50

[10:03] {dino} gef, pnnw, oxm

[10:06] {dino} rino

[10:06] {Les} CAT

[10:08] {Threei} (US) Treasury Sec Geithner: Reiterates that financial recovery faces significant headwinds, housing markets are dependent on govt support

[10:08] {Threei} - TARP has reached its primary goal, still has a role to play in maintaining financial stability.

[10:08] {Threei} - Unlikely to see investments in AIG or auto companies paid back.

[10:08] {ese} vad do you use limit fills or market fills more

[10:08] {Threei} limits

[10:09] {ese} ok......i must be judging price movement wrong when i use limits

[10:09] {Threei} put limit price beyond current by a few cents

[10:09] {Threei} as far as you are willing to chase

[10:10] {ese} ahhhh ok i wanted to grab .10 in stld here at .35...or rather a few moments ago....and didn't get it

[10:11] {Les} FCX

[10:11] {dino} uup goes green

[10:12] {nemo} thisa no goowwd for a stocka

[10:12] {nemo} (said in sicilian accent)

[10:12] {magoo} i know its early vad, but.............

06[10:12] * magoo slaps nemo around a bit with a large trout

[10:12] {nemo} awiav

[10:12] {nemo} I got you when you came through the door this morning

[10:12] {ese} uup goes up stocks go dn dino....is that right

[10:12] {nemo} might have bear flag on apple

[10:13] {nemo} yes ese

[10:13] {dino} gef hl l .25

[10:13] {ese} tks

[10:13] {dino} stop .96

[10:13] {Threei} I wouldn't bet on this pattern holding for long

[10:13] {Threei} feels to me they'll decouple soon enough

[10:13] {fernp} LEN dbi, Vad?

[10:13] {Threei} pretty much

[10:13] {Threei} daily looks nice for short too

[10:14] {nemo} len

[10:14] {nemo} sorry

[10:14] {strider} AMZN c&h

[10:14] {fernp} .74 short w/stop above .81?

[10:14] {Threei} or above .85

[10:14] {nemo} big stop strider

[10:15] {strider} yep

[10:15] {fernp} ty

[10:15] {dino} $ moving up

[10:18] {Threei} not much to trade this morning

[10:18] {Les} short fcx .05 , .25 stop

[10:18] {fernp} AIG breakdown?

[10:19] {Threei} hmm

[10:19] {Threei} rather bounce

[10:19] {nemo} nice les

[10:19] {Threei} .70 break if holding .60

[10:19] {fernp} ok

[10:19] {Les} out + .16. impossible to concentrate with kids homework

[10:20] {dino} gj

[10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:20] {fernp} yeah, seems db

[10:21] {dino} scanners solid red

[10:22] {Les} crap. bought instead of selling. can't trade now. later.

[10:23] {Threei} look at AIG

[10:23] {fernp} y

[10:23] {Threei} would be a perfect trap on a short side

[10:23] {Threei} that dive was too fast to profit from

[10:23] {fernp} true

[10:23] {Threei} and now break of .70 would have trapped short

[10:24] {dino} stop on gef to .54

[10:24] {ilana} how did you know it would go up?

[10:24] {ilana} aig

[10:25] {dino} expect slippage if hits

[10:25] {magoo} experience

[10:25] {Threei} [10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:25] {dino} make it .62

[10:25] {Threei} volume on second test opf the bottom was much lower than on first

[10:25] {Threei} it bodes for double bottom and bounce better than for breakdown

[10:25] {dino} to .65

[10:25] {strider} NKBP opens in 15 min. IPO

[10:26] {ilana} got ya

[10:27] {dino} to .75

[10:27] {fernp} stopped LEN

[10:28] {dino} half out .87, +.62

[10:28] {ilana} nice dino

[10:28] {fernp} gj dino

[10:28] {dino} .79 stop remaining

[10:29] {dino} out

[10:29] {dino} slip, +.50

[10:29] {dino} ty

[10:29] {ese} be back in 20

[10:31] {Threei} WFC losing ground

[10:31] {Threei} can't find decent short entry on it for days

[10:32] {ilana} RIMM

[10:33] {strider} HXL upgrade

[10:34] {ilana} thin..

[10:34] {strider} yep

[10:35] {strider} h&s daily WFC

[10:36] {dino} rino, gef

[10:37] {fernp} AET hod

[10:38] {fernp} and C&H on daily

[10:40] {Threei} and public option is all but dead

[10:40] {strider} NKBP, chinese bio IPO, priced at 9.00...opening in few sec.

[10:40] {dino} rino hl l ..85

[10:41] {dino} wicked

[10:41] {magoo} im trying to short ipo at 9999

[10:41] {dino} stop is break of lod

[10:41] {dino} gappy

[10:42] {fernp} BRCM hod

[10:42] {Threei} C Reportedly unclear whether any deal is close between Citigroup and the US Govt; yet Citigroup planning a $15B equity offering - unconfirmed report

[10:42] {ese} back

[10:46] {Threei} not very enthusiastic IPO

[10:47] {Threei} (IA) French UN Envoy: There are no reasons to delay new sanctions on Iran over the nuclear program any longer

[10:47] {ese} "C" is the head of intelligence for British Secret Service.......just what exactly does he/she know about equity offerings ehhhhh?

[10:47] {Threei} I thought it was M?

[10:47] {dino} q

[10:47] {fernp} NKBP daily chart is fantastic :-)

[10:48] {Threei} Q was equipment guy

[10:48] {ese} not if you watch "The Sandbaggers"

[10:48] {Threei} clean slate fern :)

[10:49] {Les} FCX again

[10:49] {Les} b/d

[10:50] {Threei} actually... NKBP gains some strength

[10:51] {Les} ok out FCX +.16

[10:51] {Threei} IPO is IPO, they are all werid... but break of .40 could start something

[10:51] {Les} we playin an ipo?

[10:52] {ese} you short that little move les

[10:52] {Les} y. setups coming loud and clear in fcx today

[10:52] {ese} nice one

[10:54] {dino} gj

[10:55] {ese} where were you in les? .00 cover at .84?

[10:55] {ese} trying to get the hang of shorting

[10:55] {dino} pnnw a bit wide

[10:55] {dino} oxm app hod

[10:55] {magoo} ipo should take 9

[10:55] {magoo} in .37

[10:56] {dino} 25 strike in play oxm, imo

[10:56] {ese} a BIT wide......almost .30 cents at one point

[10:57] {magoo} ese, a hooker spread?

[10:57] {ese} lol

[10:57] {Threei} anyone went for NKBP, offer half at .70

[10:57] {magoo} [10:56] {magoo} in .37

[10:57] {dino} gut says big move up

[10:57] {ese} still watching stld here

[10:57] {Threei} I mean anyone sane

[10:57] {Threei} you I am sure went for it, not even asking

[10:58] {ilana} RIMM - third breakout worked

[10:59] {Threei} mags, I am out at .69

[10:59] {Threei} too stubborn for me

[10:59] {magoo} ok

[10:59] {magoo} nice fill

[11:00] {magoo} entry was?

[11:00] {Threei} .35

[11:00] {Les} yeh .00 trigger but with limit price catching buy at .96. out .85. sorry only .+09. I'm all over the place today

[11:00] {Threei} but I am out in full

[11:01] {Threei} I like it but IPOs arfe often too hard to stomach

[11:01] {Threei} and it's a bit weird

[11:01] {Threei} even for IPO

[11:02] {Les} taken another short trigger at .77

[11:03] {dino} les liking the dark side

[11:04] {Les} out at .70 and .62

[11:04] {dino} gj

[11:04] {ilana} gj Les

[11:04] {Les} not exactly 1:1, but any quick jobs that can be found in between looking after kids

[11:04] {Les} I'll take them

[11:05] {dino} i may be your edge

[11:05] {magoo} f'in RIMM...we need to stay on it

[11:05] {Les} still waiting for the big drop in fcx

[11:06] {dino} rimm=random, intense, market moves

[11:06] {strider} Trev, dcc.

[11:06] {ilana} RIMM - looks like .65 was important break on daily?

[11:06] {ilana} 65

[11:08] {ese} waiting for the capitulation volume spike as per vads book p.171 for stld.........caaaaaaaamon

[11:08] {Les} took it again at .63. think I'll hold and see if it can go a little longer

[11:08] {ilana} on what ese?

[11:09] {magoo} les, which?

[11:09] {Les} fcx

[11:09] {magoo} sh or long?

[11:09] {Les} short mate short

[11:10] {fernp} what is your stop Les? above .80?

[11:10] {strider} UUP c&h

[11:10] {strider} very narrow

[11:11] {Les} going with .75. .63 entry is a small chase of .65 trigger. but fearful of bounce I will keep it on tight leash

[11:11] {ese} stld ilana

[11:11] {ese} i min chart

[11:12] {ese} 1min

[11:12] {fernp} out AET +.13 first trade that works for me today

[11:13] {Les} ok out .33 +.30. that helps fill the stop losses from opening

[11:13] {strider} The 'boing' for chatroom in irc not working consistently...anyone else have trouble with that?

[11:14] {Threei} boing?

[11:14] {fernp} what is that?

[11:14] {strider} option for a sound when someone posts.

[11:14] {fernp} write setup Vad, pls

[11:15] {Threei} setup

[11:15] {fernp} fine here

[11:15] {strider} Tools.Options}sounds

[11:16] {strider} Vad, say something.

[11:16] {larisa} no, right click on the nick, info, highlight

[11:17] {strider} dodn't see info.

[11:17] {strider} don't

[11:17] {magoo} les, u nailed tht sh

[11:17] {magoo} but itook .37 long

[11:17] {nemo} why mags?

[11:17] {larisa} first is info, last is slap

03[11:18] * Looking up magoo user info...

[11:18] {strider} first is whois here

[11:18] {Threei} depending on mirc version it could be: Ucentral, Hihglight

[11:18] {strider} STEM

06[11:19] * magoo slaps strider around a bit with a large trout

[11:21] {Les} yeh mags, who knew that vad was right all these years? price and volume tells the story

[11:22] {nemo} ahhh....alot of people

[11:22] {strider} : Stem-cell transplant regimen reversed sickle cell disease, NIH reports

[11:22] {strider} A modified blood adult stem-cell transplant regimen has effectively reversed sickle cell disease in 9 of 10 adults who had been severely affected by the disease, according to results of a National Institutes of Health study in the Devrmbrt 10 issue of the New England Journal of Medicine. The

[11:25] {dino} rino stopped -.20

[11:26] {ese} L stld .11

[11:27] {strider} Vad, where is the option for sound in Ucentral?

[11:27] {ese} there she be the ole volume spike

[11:27] {Threei} tab Highlight

[11:29] {strider} Let's see....where's the ignore nemo tab?

[11:29] {nemo} nice one

[11:29] {nemo} I wish I had one of those

[11:29] {larisa} you can ignore any user you want actually

[11:30] {Threei} can you ignore yousrelf?

[11:30] {strider} users yes, but abusers?

[11:30] {nemo} wow....I'm hurt

[11:30] {larisa} yes vad, just type with eyes closed

06[11:31] * strider slaps strider around a bit with a large gauze bandage.

[11:31] {Threei} how do you think I am typing now?

[11:31] {larisa} with elbows ?

[11:31] {Threei} sometimes, when not with knees

[11:32] {fernp} VLO .56, Vad?

[11:32] {Threei} I think so

[11:32] {Threei} just a scalp though

[11:32] {nemo} aig snuck one by

[11:32] {fernp} thanks

[11:33] {nemo} look at aig on 15 minute hart

[11:33] {nemo} chart

[11:34] {Threei} US House Speaker Pelosi: Hopeful to pass legislation on small business and infrastructure improvements next week

[11:34] {Threei} - legislation also takes aim at preventing public safety layoffs

[11:34] {Threei} - highlights that the debt limit increase will be included in the defense bill expected next week

[11:34] {ilana} FCX .60 b/d?

[11:35] {Threei} mrket doesn't feel weak to me

[11:35] {Threei} rather preparing another sneaky rally

[11:36] {strider} STEM .44?

[11:36] {Threei} I seriously doubt STEM

[11:36] {strider} Seemed like really big news.

[11:36] {ese} stem the tide.......yuk yuk yuk

[11:36] {Threei} this thing is good for a few minutes while momo is fresh

[11:36] {Threei} it always has big news

[11:36] {Threei} and never goes anywhere

[11:37] {Threei} STEM, ASTM, KOOL

[11:37] {Threei} same breed

[11:37] {Threei} saviors of humanity

[11:38] {Threei} anyone remembers how first hype of GERN was titled, back in 1998?

[11:38] {Threei} "fountain of youth"

[11:41] {strider} dino, say something.

[11:42] {larisa} oh oh he is putting dino on ignore :)

[11:42] {Threei} well, he is done with me, with nemo

[11:42] {strider} trying to paint him orange...for extreme danger.

[11:43] {Threei} who is next if not dino

[11:43] {nemo} rimm is just in slow accumulation mode

[11:43] {dino} something

[11:43] {strider} well, that didn't work

[11:44] {strider} yyou're still black.

03[11:44] * Looking up strider user info...

[11:44] {strider} Not that there's anything wrong with that.

[11:44] {Threei} did you check the box Enable highlight?

[11:45] {fernp} out VLO 1:1

[11:45] {dino} fdx gap fill

[11:45] {Threei} jmb, admin asked to ask you to check e-mail

[11:45] {Threei} please do or he will nag me

[11:45] {strider} Yeah, vad...it won't let me click OK and exit...have to cancel to close box.

[11:45] {jmb} will do

[11:45] {Threei} strider... what??

[11:46] {Threei} if you cancel, changes you made are not registered

[11:47] {strider} OK...now maybe works.

[11:48] {strider} :)

[11:48] {Threei} Statue of Young Obama Unveiled in Indonesia

[11:49] {Threei} see you in two weeks

[11:49] {Threei} should be able to return from Indonesia till then

[11:50] {dino} pgm 5 day crush-o-la

[11:51] {nemo} pru at interesting spot

[11:51] {ese} *&^UYT and further more(*&^%hg_)L.....and I also feel (*&IUYLK&^%^% and so on that *(&&^%YTjh$#...and that about sums it up ^%$HFKJHG

[11:52] {Threei} now tell us how you really feel

06[11:52] * nemo slaps ese around a bit with a large bottle of prozac

[11:52] {Threei} and don't hold back this time, OK?

[11:52] {ese} I'll try

[11:53] {nemo} if pru drops below .77 could go t o.37

[11:53] {ese} ouuuu .90's the stop for my stld position.......that was close

[11:53] {magoo} vad PLEASE get on RIMM all day

[11:54] {ese} what am i saying...still is close

[11:54] {nemo} rimm just broke trend

[11:55] {magoo} i dnt care short or long..its only game in town

[11:56] {ese} vad more advice please.......waited for the volume spike stld......what else could i have been looking for

[11:56] {Threei} not exactly true

[11:56] {Threei} AMZN is moving well too

[11:57] {nemo} cat gave a nice short at 57.06

[11:57] {ese} at 11:25 am

[11:57] {Threei} sorry ese, not sure I understood the question

[11:57] {Threei} waited for what?

[11:57] {ese} usually spike is an indicator of trend completion

[11:58] {Threei} if it comes with sharp vertical price movement

[11:58] {ese} maybe wait for higher low i guess

[11:58] {Threei} that one was in the middle of nowhere, preice stalled

[11:58] {Threei} and no any kind of chart formation

[11:58] {ese} ok this didn't have that

[11:58] {Threei} just aimless wandering back and forth

[11:58] {Threei} that was kinf od random entry

[11:58] {ese} hmmmmmm yes ture the more i look at it

[11:59] {ese} true

[11:59] {Threei} mags

[11:59] {Threei} short .50 break

[11:59] {dino} rino rinsed

[11:59] {ese} ok.......i don't play these much.....live and learn

[11:59] {Threei} hmmm... almost no consolidation

[12:00] {nemo} 123 important level for pot

[12:00] {Threei} hoped it would spend couple minutes above .50 before losing it

[12:01] {nemo} lunch time Vad

[12:03] {ese} buggar stld....rinsed....ala stopped

[12:05] {Threei} did you know there was an globalk warming ETF?

[12:05] {Threei} I just found out, never heard of that

[12:06] {Threei} symbol is GRN

[12:06] {Threei} overwhelming volume

[12:06] {nemo} underwhelming sense of humor

[12:07] {strider} but all in all, whelmed.

06[12:07] * Threei slaps nemo around a bit with a large volume titled The Giant Book of Insutls

[12:07] {nemo} mmmhhhhh....I'm speechless

[12:07] {nemo} Who do you think wrote it?

[12:07] {fernp} LVS if breaks .35, Vad?

[12:07] {magoo} RIMM 200 ma at 65

[12:08] {Threei} can't tell really

[12:08] {nemo} gld

[12:08] {Threei} way too narrow

[12:08] {magoo} should hold it

[12:08] {fernp} ok

[12:08] {Threei} you shorted it at .50 mags?

[12:08] {magoo} no

[12:09] {magoo} im nursing l fcx from .50

[12:09] {Threei} great... he asks for read, I catch some more or less decent setup, he ignores it... why do I even bother...

[12:09] {dino} fsys blood

[12:09] {magoo} thinking cut fcx..go long rimm at some point

[12:14] {Les} thanks Vad, I managed to quickly snap .06 on RIMM on your comment. keep em coming

[12:14] {Les} rimm and fcx only plays of mine today

[12:14] {Threei} ok... as long as you don;'t trade 50 shares for 6 cents move :)

[12:15] {Les} ha. mind you, 25 G is somewhat constraining

[12:15] {nemo} WOW pru!!!

[12:15] {nemo} WTF!

[12:16] {nemo} PRU just bounce a BUCK in 1 minute!

[12:16] {Les} so lets short it

[12:17] {nemo} the question is why?

[12:17] {fernp} no news here

[12:18] {larisa} announcing 2010 earnings per share guidance at its Investor Day conference in New York City today

[12:18] {Threei} PRU Follow up: guides 2010 EPS (adj) $5.40-5.70 v $5.60e (48.28, +0.39, 0.81%)

[12:18] {fernp} PRU reaffirms earnings guidance for 2009

[12:18] {magoo} look fcx dump

[12:18] {magoo} vad, any read on it

[12:22] {Threei} watching for consolidation, then .50 break for short

[12:22] {ese} ok vad....STLD once again.....this volume spike here at 12.15 is not really valid as a trend reversal because there is no spike in the price as well?

[12:24] {Les} out pru .30 +.09

[12:25] {Threei} there is just no setup ese

[12:26] {strider} short FCX?

[12:26] {Threei} if stays under .65

[12:26] {strider} at .50 or .55?

[12:27] {nemo} aggressive .55

[12:27] {nemo} normal .50

[12:27] {nemo} you're definitely not normal

[12:27] {nemo} invalimudate

[12:27] {strider} STLD ese

[12:27] {ese} tks

[12:31] {fernp} FCX valid again, Vad?

[12:31] {Threei} I think so

[12:35] {dino} fsys

[12:35] {dino} hl l .00

[12:35] {dino} risky

[12:36] {fernp} FCX valid but w/stop above .70?

[12:36] {strider} short .....FX

[12:36] {strider} CX .54

[12:37] {dino} strike plays

[12:37] {strider} FCX

[12:37] {Les} in .55

[12:37] {Threei} who so impatient?

[12:38] {Threei} i dances above this support for quite a while

[12:38] {Threei} who -= why

[12:38] {Les} yeh aggressive looking foolish now

[12:39] {fernp} new stop is above .70?

[12:39] {Threei} yeah

[12:40] {fernp} ok... reducing my shares :-)

[12:43] {fernp} WFC Vad

[12:43] {Threei} don;'t know fern...

[12:43] {dino} stopped -.31

[12:44] {dino} fsys

[12:44] {Threei} bounces all the time after fae breakdowns

[12:44] {fernp} true

[12:44] {Threei} one of them will be real but how to tell it

[12:44] {Threei} same thing as it did with out coveted short trigger at 26

[12:45] {Threei} didn't work on it so may times that when it finally did, there was no way to decide on entry

[12:45] {fernp} i understand

[12:46] {strider} stopped.

[12:46] {strider} bad day.

[12:48] {fernp} bad week here, strider, not a single winning day. But tomorrow will be the day!!! :-)

[12:48] {strider} Maybe this afternoon!

[12:48] {Threei} come on, how yesterday could be not winning day?

[12:49] {fernp} only in the gross

[12:49] {dino} fsys last try hl l .75

[12:49] {dino} light week here guys, running 40%

[12:49] {strider} 40% of what?

[12:50] {dino} of daily goal

[12:51] {strider} (sound of violins)

[12:51] {dino} rocking horse winner

[12:52] {strider} AMZN

[12:53] {strider} I"m sittin' on my eff'n hands.

[12:54] {fernp} im shorting here WFC small shares

[12:54] {nemo} boy strider, that's sticking your chin out

[12:54] {dino} thats good, imo, don't trade to trade

[12:55] {nemo} action junkie=no good

[12:55] {dino} have a drink

[12:55] {strider} Another one?

[12:59] {dino} fsts out ..45 -.30

[12:59] {larisa} ENER call options are up big today. CNBC mentions.

[13:00] {dino} stupid stupid, had .33 and .42 on it, instead took two stops

[13:00] {larisa} :(

[13:01] {fernp} 1:1 WFC

[13:02] {Threei} ECB's Trichet: Impact of crisis not as bad as previously thought; conditions now allow for removal of some excess support measures

[13:02] {dino} last try hl l .00

[13:02] {dino} fsys

[13:07] {dino} stopped -.31, wow

[13:08] {larisa} fsys no news? scary to touch it

[13:08] {dino} capit drop

[13:08] {larisa} or i just do not see it

[13:08] {Threei} FSYS Hearing weakness attributed to analyst note speculating that Italian natural gas incentive program may be discontinued (timing uncertain) (44.42, -6.07, -12.02%)

[13:08] {fernp} no news here

[13:08] {Threei} this very minute

[13:08] {larisa} ty

[13:08] {nemo} I have visions of italians hooked up to pipes

[13:09] {dino} thats the dutch

[13:09] {nemo} no, not the way I see them hooked up...all that spicy food

[13:09] {nemo} natural gas

[13:10] {Threei} I am not editing seond log in a row

[13:10] {strider} You'll have to edit what you just said.:)

[13:11] {fernp} lol nemo

[13:12] {nemo} vad, watch cat weakness, could go to .20-.25 area

[13:13] {Threei} .55 trigger...

[13:13] {nemo} ja wohl

[13:14] {nemo} although market due for a bounce plus should be coming out of lunch

[13:14] {fernp} 19 minutes later... WFC 1:2

[13:16] {Les} fcx keeps on serving them up

[13:17] {dino} fsys hl l .50

[13:19] {larisa} i want fsys to go to 46 for dino.

[13:20] {dino} thx hon

[13:20] {larisa} lol

[13:21] {dino} ;)

[13:22] {strider} short .53 CAT

[13:22] {ilana} in .57

[13:23] {dino} out fsys .10 ave, +.60

[13:25] {larisa} gj

[13:25] {patience} very nice dino

[13:26] {strider} out CAT

[13:26] {strider} sshit

[13:27] {strider} AS in everything I touch today turns to....

[13:27] {nemo} strider, the set up was right, but 2 things: the market was due for a bounce, and we're coming out of lunch hour

[13:29] {dino} ty patience

[13:31] {dino} rino hl l .34

[13:34] {ilana} out cat flat

[13:34] {fernp} stopped CAT

[13:35] {Threei} don't push it guys

[13:35] {Threei} nithing happens

[13:35] {Threei} qttempt to squueze juice out of stone only leaves you with scratched hands

[13:36] {ilana} ouch

[13:38] {dino} thats a good one

[13:38] {Threei} thank you

[13:39] {dino} csco l .95

[13:39] {Threei} GS

[13:39] {Threei} want little pullback, then break of .50

[13:40] {Threei} ugh.. no pullback

[13:41] {Threei} {--- crying

06[13:41] * strider slaps Threei around a bit with a large DVD of Roy Orbison

[13:41] {patience} i switched from gold etf's to gold stocks.....easier trades today

[13:41] {Threei} {--- crying more

[13:42] {Threei} {--- missed great trade AND got slapped with DVD

[13:43] {strider} Can we rewind? I could have really used that one.

[13:43] {strider} I think it's rewinding.

[13:44] {Threei} .50 is support now

[13:44] {Threei} conservative entry nar it makes sense

[13:45] {dino} gs, no cash bonuses, giving stock w/5 year limit on sale of it

[13:46] {Threei} well... will it earn them good carma?

[13:46] {Threei} or public will still see GS as a root of all evil?

[13:47] {Threei} Fed's Duke: Housing market restoration will require more than liquidity; scarcity of lending hurts modest income households most

[13:47] {Threei} - restarting GSEs in old forms would not be wise

[13:47] {Threei} - sees possibility for some sort of Govt support to ensure securitization of mortgages

[13:47] {fernp} good moment here to enter, Vad?

[13:48] {Threei} listen here Duke: it's abundance of lending that lured modest income households in and killed them and whole economy with them

[13:48] {Threei} need market fern

[13:48] {Threei} it's still downticking

[13:48] {Threei} but if it reverses, totally

[13:48] {fernp} yeah

[13:50] {Threei} and, Duke, listen again: if securization of mortgages was a problem in private hands, it will be doubly so in governemtn hands

[13:50] {Threei} in

[13:50] {Threei} stop under .40

[13:51] {Threei} never played GS with 10 cents stop

[13:51] {Threei} never dreamt of it being possible

[13:52] {Threei} why didn't I take 1:21?

[13:52] {fernp} no go for me

[13:52] {Threei} yeah

[13:52] {Threei} greed

[13:52] {fernp} here too

[13:53] {Threei} US) Preview: Nov Monthly Budget Statement

[13:53] {Threei} **consensus expectation: -$132Be v -$125B prior

[13:57] {fernp} BIG lod

[13:59] {Threei} SIGA Hearing National Securities defending the stock (timing uncertain) (7.50, -1.16, -13.39%)

[14:00] {Threei} US) NOV MONTHLY BUDGET STATEMENT: -$120.3BB V -$131.6BE

[14:00] {Threei} - revisions

[14:00] {Threei} - 14th straight month of budget deficits; longest in recorded history

[14:00] {strider} Whoopee...celebrate.

[14:01] {ilana} are you in GS, Vad?

[14:01] {Threei} not anymore

[14:02] {Threei} [13:50] {Threei} stop under .40

[14:02] {ilana} squeesing the stone, aren't we :-)

[14:04] {Threei} hey, my stone gave juice... it was my (stupid) choice not to take 1:1

[14:05] {ilana} ok ok, just don't cry again

[14:05] {Threei} why not

[14:05] {Threei} is it free country or what

[14:05] {ilana} scary

[14:05] {Threei} as long as I have a box of tissues

[14:05] {Les} what

[14:06] {ilana} seeing Vad crying

[14:06] {ilana} good we don't use scype

[14:06] {strider} Strictly ceremonial crying.

[14:07] {Threei} scype sounds so paingul... I would certainly be crying using it

[14:07] {Threei} painful

[14:07] {Les} Vad said " is it free country or what".... it's definitely "what"

[14:08] {larisa} sigh

[14:10] {ilana} FCX H&S

[14:11] {strider} big honkin' h&s

[14:11] {ilana} actually the whole SPY is

[14:17] {patience} charming....my 135 pound puppy just stepped on my keyboard.....5 keys flipped off the keyboard across the room....never mindthe vomit and flooded bathroom he just created....i should trade in an office

[14:17] {Les} lol yuk

[14:17] {Les} cat c&h

[14:17] {Threei} I am yet to understand how this monster fits into "puppy"

[14:18] {patience} he is a newfie.....

[14:18] {Raven} sounds gay

[14:18] {Threei} lol

[14:19] {dino} awww mannnn patience

[14:19] {patience} i' no longer have keys on right side....still actively in 2 trades..this is interesting

[14:20] {Threei} nice FCX

[14:20] {magoo} fcx been a big mover over last sessions

[14:21] {ilana} as we as CAT, HIG, SPY

[14:21] {ilana} well

[14:22] {nemo} rimm too

[14:25] {Les} some consolidation at these levels in cat. looking long

[14:26] {ilana} in .02

[14:26] {Les} crap ilana, don't take my word for it!

[14:26] {Les} Vaaaaaaad!

[14:26] {ilana} was in before you potsed :P

[14:27] {Les} oh good

[14:27] {Threei} what?

[14:27] {Les} hoping spy holds up as well

[14:27] {Threei} am I keeper to dino's brother or larisa's sister?

[14:27] {Les} nothing. thought I was maliciously influencing people...

[14:28] {Threei} you sure are

[14:28] {Threei} but don't let it stop you

[14:28] {ilana} Vad, do you run a daycare as secondary business?

[14:28] {dino} no

[14:28] {Threei} we all do it day in day out

[14:29] {Threei} me and children... now, that's really bad idea

[14:29] {ilana} i think you do

[14:30] {ilana} 13:26 Les crap ilana, don't take my word for it!

[14:30] {Threei} just think of poor kids learning skills like "inhaling 200g hlass of vodka in one hulp"

[14:30] {ilana} 13:26 Les Vaaaaaaad!

[14:30] {Threei} or "cutting cigar tip with your teeth"

[14:31] {ilana} Les, kick CAT at rear, would you

[14:31] {nemo} rimm going for HOD

[14:31] {Threei} feels like we are headed for another rally

[14:32] {nemo} I was just thinking that 150-200 today

[14:32] {larisa} no, finish red today :)

[14:32] {nemo} alright folks (and strider) c u tomorrow.

[14:32] {strider} see ya, nemo.......

[14:33] {Threei} take care nemo

[14:33] {larisa} bye nemo

[14:33] {strider} I'm gone in a few also.

[14:33] {strider} Not doing any more damage today.

[14:33] {larisa} bye strider

[14:33] {strider} :)

[14:33] {Les} don't let the what hit you where on the way out Nemo?

[14:33] {Les} st

[14:34] {Threei} hmmm

[14:34] {Threei} don't let strider hit nemo on his way out??

[14:34] {Les} yeh why not

[14:34] {Les} at least no censorship required for that

[14:34] {strider} too late.

[14:34] {Threei} RIMM goes for break

[14:36] {strider} FCX consolidation

[14:36] {Les} mistake forgetting about fcx. I exited short on last low of .25. Don't think to flip long straight after. not natural to me

[14:38] {Les} out CAT for peanuts. will wait to see what SPY does

[14:39] {ilana} real money, Les?

[14:39] {Les} paper trades

[14:40] {Threei} Three US Senators put forward a compromise climate bill that includes support for more nuclear plants, clean coal, and offshore drilling

[14:40] {Threei} no chance

[14:41] {Les} wall st has seen the future. it does not involve alternative energy

[14:43] {Threei} what difference does it make for wall street

[14:43] {Threei} it will tarde whatever there is to trade

[14:43] {Les} the implementation of cap n trade through derivatives.

[14:44] {Threei} if idiots want carbon creits, wall street will trade them

[14:45] {Les} who is leading who?

[14:45] {Threei} we don't know

[14:46] {Threei} but this whole hoopla started long ago

[14:46] {Threei} and it started in Europe

[14:46] {Threei} not here

[14:46] {Les} check out cool looking carbon trading exchange: http://www.bluenext.eu/

[14:46] {Les} yeh I know

[14:46] {Threei} so I would think it's much more likely that wall street plugs along

[14:47] {Les} you still in CAT ilana?

[14:47] {Les} it made .10

[14:47] {ilana} yes

[14:47] {ilana} took half lot

[14:48] {Les} you catch this article on the subject Vad? http://www.bloomberg.com/apps/news?pid=20601086&sid=aXRBOxU5KT5M

[14:48] {fernp} RIMM Vad

[14:48] {fernp} breakout?

[14:48] {Threei} Long Setup: RIMM .90 break

[14:50] {ilana} out CAT .07

[14:50] {Threei} just confirms what I say les

[14:50] {Threei} idiots invent idiotic causes

[14:51] {Threei} wall street shrugs and figures out how to profit from them

[14:52] {Les} sure

[14:52] {Les} fyi only

[14:53] {ilana} why .90 Vad, today's high break?

[14:53] {Threei} yes

[14:53] {Threei} new high close to eod would signal closing rally

[14:56] {fernp} gotta go. have a good evening all. see you tomorrow.

[14:56] {Threei} take care fern

[14:56] {ilana} HGSI C&H and close to today's high

[14:57] {ilana} C&H 5 min chart

[14:57] {dino} cya fern

[14:57] {ilana} bye fern

[14:59] {dino} aet, unh, wlp rocking

[15:03] {dino} out csco +.02

[15:04] {Les} GLD

[15:06] {Threei} aggressive entry is preferrable on RIMM

[15:06] {Threei} .90 is a bit too far from .70 which is support for stop placement

[15:18] {Threei} no range at all today

[15:18] {Threei} whole day running in place

[15:19] {Les} I'm curious to know how my trading will be once a reasonable trend returns.

[15:19] {Les} hopefully a little less frustrating than this

[15:20] {Threei} can't even beging telling you how I hate this language

[15:20] {Les} ?

[15:20] {Threei} delighted... fristrated...

[15:20] {Les} english?

[15:20] {Les} equivelant in Russian is?

[15:20] {Threei} sigh

[15:21] {Threei} I am talking about this emotionally charged attitude

[15:21] {Les} what? in this room? in trading? or the english language itself?

[15:21] {Threei} never mind

[15:22] {Les} I'm outta here. c u tomorrow

[15:22] {Threei} take care

[15:22] {dino} cya

[15:23] {dino} lol too

[15:27] {dino} fsys hl l ave .14

[15:27] {ilana} stopped RIMM

[15:30] {dino} oxm hl s .25

[15:33] {Threei} looking at indices chart today,

[15:33] {Threei} total randomness

[15:34] {ilana} HIG db

[15:34] {Threei} GLD watching for bounce scalp

[15:37] {dino} lci

[15:38] {dino} drug approval

[15:38] {Threei} LCI Receives FDA Approvals for Hydromorphone Hydrochloride Tablets USP, 2 mg, 4 mg and 8 mg Strengths

[15:38] {Threei} - received approvals from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Ap... (6.74, +0.26, 4.01%) more...

[15:44] {ilana} what do you think about holding it overnight for morning gap?

[15:44] {Threei} NKBP trying again

[15:44] {Threei} holding what?

[15:44] {dino} out fsys .55, +.41\

[15:45] {dino} oxm bstyop to b/e

[15:46] {Threei} RIMM...

[15:46] {magoo} huh/

[15:46] {magoo} huh?

[15:48] {dino} oxm to .15

[15:48] {dino} cov +.10

[15:51] {dino} f'ing oxm hitting stop

[15:52] {dino} too tight

[15:52] {dino} lol, + a whopping $14 for all this work

[15:52] {Threei} lol

[15:53] {dino} alto, dec. so far all positive (small)

[15:54] {dino} scalps working, sticking to it

[15:54] {ilana} .40 - scalping is it :-)

[15:54] {ilana} gn all

[15:55] {Threei} take care ilana

[15:55] {Threei} mgs

[15:55] {dino} well, half lots, but once up $100 trailing to protect

[15:55] {Threei} look at NKBP forming C&H

[16:00] {Threei} thank you all

[16:00] {Threei} empty listless day

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {dino} thx all

[16:00] {larisa} bye!