Dec 16 2009

FOMC day didn't bring tradeable environment - no follow through on most setup. A few trades worked but frogs albeit small were a few too many.

Session Time: Wed Dec 16 00:00:00 2009

[08:30] {Threei} *(US) NOV CONSUMER PRICE INDEX M/M: 0.4% V 0.4%E;

[08:30] {Threei} US) Q3 CURRENT ACCOUNT BALANCE: -$108.0B V -$107.5BE

[08:30] {Threei} *(US) NOV HOUSING STARTS: 574K V 574KE; BUILDING PERMITS: 584K V 570KE

[08:44] {magoo} morn

[08:44] {Threei} mags :)

[08:46] {magoo} got anything?

[08:46] {Threei} nothing really oustanding

[08:47] {Threei} keeping AET on watch

[08:58] {fernp} Good morning everybody

[08:58] {Threei} fern :)

[09:14] {dino} gm all

[09:16] {ese} watching anything in particular vad......aet for one i can see

[09:16] {Threei} dino :)

[09:16] {larisa} gm all :)

[09:16] {Threei} larisa :)

[09:16] {nemo} lari :)

[09:16] {Threei} not really, nothing outstanding

[09:16] {ese} dino laris

[09:16] {larisa} :)

[09:16] {Les} howdy folks :)

[09:17] {Threei} les :)

[09:17] {Les} too much to drink last night. forgive me if i ask you to slow down the trades today vad so I can cope

[09:18] {nemo} Take a powder Les and hit the pine.

[09:18] {Les} JOYG showing nice range premarket

[09:19] {nemo} not bad volume either

[09:20] {Threei} IA) White House: Iran missile test makes the case that nuclear program is not peaceful

[09:20] {Threei} - this echoes a comment from the UK PM earlier today

[09:20] {nemo} yeah, and they're not going to do anything about it

[09:20] {dino} shocking

[09:20] {Threei} Reportedly an announcement on Basel II rules expected tomorrow - unconfirmed report

[09:20] {Threei} - Old banking rules will still apply for a period of time after application of Basel II

[09:21] {Threei} hmmm

[09:24] {ese} nvda

[09:25] {Les} it's FOMC day again. what time?

[09:25] {Threei} Intel Corp FTC Challenges Intel's Dominance of Worldwide Microprocessor Markets

[09:25] {Threei} - Intel Corp sued by FTC, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly.

[09:25] {Threei} - FTC alleges that Intel has waged a systematic campaign to shut out rivals' competing microchips by cutting off their access to the marketplace. In the process, Intel deprived consumers of choice and innovation in the microchips that comprise the computers' central processing unit, or CPU. These chips are critical components that often are referred to as the "brains" of a computer.

[09:25] {Threei} - According to the FTC complaint, Intel's anticompetitive tactics were designed to put the brakes on superior competitive products that threatened its monopoly in the CPU microchip market. Over the last decade, this strategy has succeeded in maintaining the Intel monopoly at the expense of consumers, who have been denied access to potentially superior, non-Intel CPU chips and lower prices, the complaint states.

[09:26] {Threei} In addition, allegedly, Intel secretly redesigned key software, known as a compiler, in a way that deliberately stunted the performance of competitors' CPU chips. Intel told its customers and the public that software performed better on Intel CPUs than on competitors'

[09:26] {magoo} WFC vad

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:27] {ese} some hefty charges there

[09:27] {ese} trev

[09:27] {Les} see the selling volume on NVDA at .50...

[09:27] {magoo} news WFC vad

[09:28] {nemo} rimm looking toppy

[09:28] {magoo} does RIMM report tomorrow after bell anyone?

[09:28] {Les} someone scaring buyers into selling NVDA?

[09:29] {Les} big selling volume followed by rapid collapse?

[09:29] {Les} collapse in price

[09:29] {dino} they alwats do es, about the 20th time

[09:29] {Threei} 14:15 FOMC rate decision Les

[09:30] {Les} ta

[09:30] {magoo} wow ACHN'

[09:31] {Threei} Long Setup: NVDA .20 break

[09:31] {Threei} if stays above .10

[09:31] {Threei} Long Setup: WFC .05

[09:32] {Threei} if stays above .95 for scsalpers, .90 for dsay traders

[09:33] {magoo} in nvda

[09:33] {ese} l nvda .24

[09:34] {dino} ebix

[09:34] {magoo} BBY jsus

[09:35] {Threei} NVDA 1:1

[09:35] {fernp} ty

[09:35] {ese} out 1/2 .32

[09:35] {Threei} 1:2

[09:36] {ese} out full .40

[09:36] {Threei} me too

[09:36] {ese} tks vad

[09:36] {Threei} sure thing

[09:36] {Threei} WFC frog

[09:36] {nemo} ribbbbit

[09:37] {Les} we let it drop a little before trying?

[09:37] {Les} trying again

[09:37] {Threei} it either forms setup or not

[09:38] {fernp} out WFC

[09:38] {nemo} wfc at support

[09:38] {Les} ah right. sorry, i t's not a capitulation play

[09:39] {dino} \meli hl l .05

[09:40] {magoo} out .47 NVDA ty

[09:41] {ese} good ob mags

[09:41] {ese} job

[09:41] {ese} nahhhh that was a good ob

[09:42] {Les} INTC dropping

[09:43] {Les} JOYG approaching short or bounce status

[09:44] {nemo} bby

[09:45] {magoo} ok reloaded nvda .50 out here .63

[09:45] {magoo} ty vad

[09:45] {Threei} nice

[09:45] {magoo} in bby .25

[09:46] {fernp} HIG breaking hod

[09:47] {magoo} ADBE strength

[09:48] {magoo} 'not liking BBY

[09:48] {nemo} looking o.k. mags

[09:49] {nemo} where's stop?

[09:49] {magoo} .98

[09:49] {nemo} wow, you got room

[09:49] {magoo} half lot

[09:50] {magoo} add if gets moving

[09:50] {Threei} Long Setup: AIG 29 break if stays above 20.90

[09:50] {nemo} volume support mags

[09:50] {dino} gef, deck

[09:50] {dino} deck bottomed around 94.25 yesterday

[09:50] {dino} gef bit thin

[09:53] {dino} gef sm l .40 wide thin

[09:53] {Threei} no go AIG

[09:53] {fernp} sigh

[09:57] {ese} dino....you get anything gapping up/dn } 2.00

[09:58] {dino} amed

[09:58] {Threei} finally BBY

[09:58] {ese} amed

[09:58] {ese} opps you said that

[09:58] {dino} auxl

[09:58] {ese} tks

[09:58] {dino} fgxi

[09:58] {dino} tam, air, db

[09:59] {dino} how's that to start

[09:59] {ese} anything of interest

[10:00] {dino} working gef, meli, both destroyed yesterday

[10:00] {ese} amed would have a good one......my scanners didn't pick it up

[10:01] {dino} china's not moving much, snda, pwrd

[10:01] {dino} pru spike

[10:02] {Threei} HIG should follow I'd think

[10:03] {Threei} Senator McCain and Cantwell propose reimposing Glass-Steagall Act

[10:03] {Threei} RIMM looks determined

[10:04] {dino} deck lod again

[10:05] {Les} FCX

[10:06] {nemo} yesterday's high .85

[10:07] {Threei} ***Note that the Glass-Steagall Act was passed in the wake of the Great Depression and introduced the separation of bank types according to business (commercial and investment banking), among other stipulations. This aspect of the act was repealled in 1999, a move that has been widely blamed for causing the current financial crisis.

[10:08] {dino} meli stopped -.30

[10:08] {dino} -.35

[10:09] {nemo} fcx dropped off the high from yesterday

[10:09] {magoo} we need to follow that fcx more

[10:10] {magoo} better range than rimm

[10:10] {Threei} anyone tried HIG?

[10:10] {nemo} was there a call?

[10:10] {nemo} missed it

[10:10] {Threei} no

[10:11] {magoo} just a wink wink

[10:11] {Threei} was a comment on HIG likely to follow PRU, and it was at the break level

[10:11] {dino} deck sm l .95

[10:11] {nemo} missed it

[10:11] {fernp} me Vad

[10:11] {fernp} im long from .11

[10:11] {fernp} HIG

[10:11] {Threei} :)

[10:11] {nemo} Mags, if FCX can hold above .85 should go to 80.60

[10:12] {magoo} out BBY here .56

[10:12] {Threei} wtg

[10:12] {magoo} really wanted 42 SIGH

[10:12] {dino} cedc luv

[10:12] {ese} ever have those periods where everything you look it just doesn't feel firght

[10:12] {ese} right

[10:12] {nemo} yeah, marriage

[10:13] {dino} lots of days es. thats why i start slow

[10:13] {dino} sit back and wait for your pitch

[10:13] {magoo} have a happy p'...d lol

[10:13] {dino} no worries

[10:13] {dino} lots of time

[10:13] {nemo} watch for cat short break of

[10:13] {nemo} damn

[10:13] {nemo} .63

[10:14] {ese} yup.......will heed that advice

[10:14] {nemo} boy, does that frost my behind

[10:15] {Threei} that would be a short of the day

[10:15] {nemo} Next time I take it first, then alert

[10:16] {fernp} COH breakout. Vad?

[10:16] {Threei} not really delighted

[10:16] {fernp} thanks

[10:17] {Les} WFC

[10:18] {ese} the day the world stood still.......my scanners not moving

[10:18] {nemo} that movie sucke

[10:18] {nemo} sucke

[10:18] {nemo} sucked

[10:18] {nemo} frickin "D" key

[10:18] {fernp} LOW on lows

[10:18] {ese} lol

[10:19] {magoo} yea..i didnt get the ending at all

[10:19] {nemo} it was a global warming movie

[10:19] {nemo} or climate chnge

[10:19] {magoo} workld destroyed..only 2 humans left i guess

[10:20] {nemo} adam and eve

[10:21] {Les} Avatar looks like cool movie to see this weekend

[10:22] {magoo} my son and i luv the cartoon avatatr

[10:22] {nemo} mmmhhhh

[10:23] {dino} deck stopped

[10:23] {dino} fds

[10:23] {fernp} BRCM hod

[10:24] {Threei} US) Senate Aide: Re-confirmation of Fed's Bernake could be put off until Jan

[10:24] {Threei} as if

[10:24] {nemo} amzn coughed up a furball, missed that one

[10:25] {Threei} look in the future:

[10:25] {Threei} STMicroelectronics NV Unveils High-Performance System-on-Chip for Next Generation of Integrated Broadcast and Broadband-Internet Digital TVs

[10:25] {Threei} - Announced the launch of a new generation of high-performance, full high-definition (FHD) H.264/MPEG System-on-Chip (SoC) ICs for the worldwide flat-panel digital TV (DTV) market. Next-generation TVs powered by the new SoCs will enable compelling services and new business models for premium content, and deliver a rich and intuitive user experience.

[10:26] {nemo} rimm could be a short break of .67

[10:26] {dino} amed lod

[10:26] {Les} Vad, what I want is 3D tv in the house. you can keep the "compelling services" :)

[10:28] {Les} watching WFC for retest of low

[10:28] {dino} fds sm l .00

[10:28] {Threei} out of three possible answers I reviewed none can be posted in other than very adult room

[10:28] {Threei} so I'll refrain

[10:29] {Les} oh. perhaps your compelling services are different than mine...

[10:29] {dino} lol

[10:29] {Threei} Short Setup: CAT .43 break

[10:29] {Threei} if stays under .50

[10:30] {magoo} shorting CAT is unamerican

[10:30] {magoo} that said.IN

[10:30] {Threei} *DOE CRUDE: -3.69M V -2ME

[10:30] {nemo} it invalimudated mags

[10:30] {Threei} really

[10:30] {dino} gut says up

[10:30] {fernp} stopped

[10:30] {ilana} HIG is happy today

[10:31] {Threei} GASOLINE: +879K V +1ME

[10:33] {Les} JOYG

[10:33] {fernp} out BRCM +.12

[10:34] {Threei} Intel Corp Comments on FTC

[10:34] {Threei} - States: has competed fairly and lawfully. Its actions have benefitted consumers. The highly competitive microprocessor industry, of which Intel is a key part, has kept innovation robust and prices declining at a faster rate than any other industry. FTCs case is misguided. It is based largely on claims that the FTC added at the last minute and has not investigated. In addition, it is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct. These new rules would harm consumers by reducing innovation and raising prices

[10:35] {Threei} you out HIG fern?

[10:36] {fernp} yeah, at 1:1

[10:36] {Threei} oh OK

[10:36] {Threei} PRU double topped so I wanted to give a warning

[10:37] {ilana} HIG is PRU's follower?

[10:37] {nemo} fcx short .59 stop .80

[10:37] {nemo} ?

[10:37] {Threei} they are in the same sector

[10:37] {Threei} MET, PRU, HIG

[10:37] {ilana} ok

[10:37] {Threei} not necessary follows per se

[10:38] {Threei} but today there is some correlation

[10:38] {nemo} nice if pullback to .70 and then drop

[10:38] {magoo} AWIAV?

[10:38] {Threei} chart wise yes nemo

[10:38] {Threei} how follow through works today, not sure

[10:38] {Threei} we are nearing FOMC

[10:38] {nemo} yeah, been sticky

[10:39] {Threei} amd it's usually dead time

[10:39] {Les} got lucky once shorting fcx Nemo, but it didn't go down easily

[10:39] {nemo} we'll leave that one alone

[10:41] {dino} amed bloody hell

[10:42] {Threei} Short Setup: MET .10 break

[10:42] {dino} es, we need to figure that one out

[10:42] {Threei} if stays below .15 for scalpers

[10:42] {Threei} obviously .20 for day traders

[10:44] {fernp} sheesh, we shorted a double bottom on CAT

[10:45] {Threei} what do they say about hindsight

[10:45] {Les} .95 break of wfc?

[10:45] {dino} fds to .30

[10:45] {dino} out fds +.30

[10:46] {Threei} if holding .85, could be, WFC

[10:46] {Threei} not too jazzed about it

[10:48] {magoo} news AMZN vad?

[10:49] {Threei} 10:22:10 AM

[10:49] {Threei} Amazon.com Inc Recent weakness being attributed to vague chatter of a cautious analyst call

[10:49] {Threei} - hearing the note takes a cautious stance based on results from BBY yesterday.

[10:49] {Threei} - follow up 10:38ET: Goldman analyst note says that the "Best Buy gross margins highlight an Amazon risk...yet despite Best Buys discouraging precedent, we remain comfortable with our Amazon estimates and positive view." Maintains Buy rating and $146 price target.

[10:50] {Threei} daily screams short

[10:50] {dino} deck double bottom?

[10:51] {Threei} rather feels breakdownish to me

[10:52] {tomg} which stock vad?

[10:52] {Threei} SWCK

[10:52] {Threei} DECK

[10:52] {dino} ty

[10:52] {tomg} ty

[10:53] {magoo} r u kidding

[10:53] {magoo} lol typing

[10:53] {nemo} .15 spread, nice

[10:53] {nemo} fcx

[10:53] {nemo} sorry

[10:54] {dino} amed .25 sm l trig

[10:54] {Threei} why kidding?

[10:55] {dino} lost me

[10:55] {Threei} talking to magoo

[10:55] {ilana} PRU went up...

[10:57] {dino} amed taunting me

[10:57] {dino} like the dreaded double dog dare

[10:57] {Threei} lol

[10:57] {dino} xmas story

[10:58] {nemo} "must be italian"

[10:58] {dino} lol

[10:58] {Threei} AMED news is pretty ominous

[10:58] {dino} all i see is voted in top ten for 10

[10:58] {Threei} Amedisys Inc Hearing early weakness attributed to cautious comments at Pali research

[10:58] {Threei} - Firm believes AMED is being impacted by fraud concerns based on Health and Human Services expanding their anti-fraud joint effort with the Justice Dept to Baton Rouge, LA where AMED is based.

[10:59] {dino} thx

[10:59] {nemo} that spread

[10:59] {Threei} MET 1:1 for scalpers

[10:59] {Les} why ominous. sounds like whole US economy vad, not just AMED?

[10:59] {fernp} half out :-)

[11:00] {larisa} sigh

[11:00] {ilana} hmmm

[11:00] {dino} mmmh

[11:00] {larisa} lol

[11:01] {ilana} was expecting more from met

[11:02] {nemo} bernanke

[11:02] {nemo} aapl interesting

[11:03] {nemo} 200 ma @.50

[11:04] {nemo} so isn't support from this morning

[11:04] {Threei} SEC votes 4-1 to approve expanding corporate compensation policy disclosures (related XLF )

[11:05] {Les} out flat MET rude stock

[11:05] {Threei} hmm?

[11:06] {Threei} were you in for a scalpo or a day trade?

[11:06] {nemo} it's fern

[11:06] {nemo} sorry, oy vay

[11:06] {Threei} sigh

[11:06] {Les} day. need to be someone else

[11:06] {Threei} ok, I am lost

[11:06] {Les} somewhere else

[11:07] {dino} be me

[11:07] {Threei} lol

[11:07] {Threei} if scalp - it worked, if day trade - it's still there

[11:09] {fernp} stop now could be .16 for everyone, Vad?

[11:09] {Threei} I think so

[11:09] {Threei} the closer to FOMC the more random things are

[11:09] {fernp} thanks

[11:10] {nemo} rimm

[11:10] {dino} ebix chart nice

[11:11] {dino} esrx drop

[11:13] {dino} gef to .87 slow one

[11:17] {fernp} SPY C&H and inverted HS

[11:18] {Threei} sheesh RIMM

[11:19] {dino} out gef ave .85, +.45

[11:19] {fernp} gj dino

[11:20] {dino} ty

[11:20] {dino} meli last try hl l .00

[11:20] {fernp} MS, Vad?

[11:22] {Threei} worth a try

[11:22] {nemo} amzn showing bear flag

[11:23] {Threei} RU) Russian Duma reportedly approves law that may limit expansion of retailers starting Feb 1, 2010

[11:23] {Threei} why would they want to do that?

[11:23] {Les} so they don't become too big to fail?

[11:23] {Threei} retailers??

[11:23] {Les} :D

[11:23] {dino} retailers? sounds like atlas shrugged

[11:24] {Les} sorry. tired today

[11:24] {dino} :0

[11:24] {fernp} stop under .20 or under .15?

[11:24] {fernp} MS

[11:24] {Threei} depends on your objective

[11:24] {Threei} both are valid

[11:25] {fernp} out here .32 +.06

[11:26] {Threei} mags, admin asked you to check your e-mail

[11:26] {magoo} ok

[11:27] {Threei} looking at BCRM's daily, who would have though this morning it was buy and hold

[11:27] {Threei} BRCM

[11:28] {Threei} whole semi sector is incredibly strong today

[11:28] {Threei} well, with understandable exception of INTC

[11:29] {Les} double top WFC?

[11:30] {Threei} hmm?

[11:30] {Threei} where are the tops?

[11:31] {Les} opening ticks don't count?

[11:31] {Threei} that topped out at 26.30

[11:32] {Threei} a lot of things happened since then, now one of uoptrending ticks topped at .10

[11:32] {Threei} and retreated just 10 cents

[11:32] {magoo} RIOMM recent high 66.50

[11:32] {Threei} whatever you do on Rorshasch tests, this is hard to interprete as double top

[11:32] {magoo} looks like 66 in the cards

[11:32] {Les} ok freestockcharts shows opening ticks at .10

[11:33] {magoo} thats why its free

[11:33] {Les} yeh

[11:33] {Les} faster for flipping thru charts. why I continue to use it.

[11:35] {nemo} fcx has gone rimm

[11:37] {Les} what does shrink test have to say about WMT double bottom?

[11:39] {fernp} WMT seems like a good breakdown play, Les

[11:39] {Les} yeh realised double bottom not confirmed

[11:40] {fernp} too slow movement to lod = distribution

[11:42] {Threei} Larry King today should be a blast

[11:42] {Threei} barney Frank vs Ron Paul

[11:42] {Les} what is it, celebrity knock out match?

[11:43] {magoo} vad, keep eyue on RIMM ok

[11:44] {Threei} feels reversed to me mags

[11:44] {magoo} btw, there was a heck of alot of buying on 26 so that was wfc hold

[11:45] {magoo} millions level 2 26

[11:45] {dino} rino wants that gap

[11:50] {ilana} PRU inv. C&H?

[11:50] {Threei} just consolidation

[11:51] {Threei} have to squint to make C&H out of it... but possible

[11:53] {Threei} Short Setup: RIMM .40 break

[11:53] {Threei} if stays under .50

[11:53] {Threei} .55 for those who want a big move

[11:54] {Threei} what a weird explanation

[11:54] {Threei} Traders are buying in the wake of yesterday's difficult US session and this afternoon's FOMC announcement.

[11:54] {Threei} traders are buying?

[11:54] {Threei} from who?

[11:55] {dino} other traders

[11:55] {Threei} right

[11:55] {Threei} so... traders are buying makes just as much sense as traders are selling

[11:55] {dino} right

[11:55] {larisa} they mean market is up, so more buying than selling

[11:55] {Les} short WMT at .77

[11:55] {dino} no, every buy has a sell

[11:55] {Threei} how can there be more buying than selling? :)

[11:56] {Threei} RIMM invalidated

[11:56] {larisa} you want them to say : traders are demanding more ? :)

[11:57] {Threei} well, it's not a layman service... it's a trading service

[11:57] {Threei} I expect them to say things that make sense for traders

[11:57] {dino} i mute them larisa, music on. they know nothing

[11:57] {Threei} community paper can say that

[11:57] {Threei} pensioners read it while walk their dogs in the park

[11:58] {larisa} same here, not sure why vad is reacting to this :) must be bored

[11:58] {Threei} I am, lol

[11:58] {Threei} that was a quote form market update, not cnbc

[11:59] {dino} ebix to .68

[11:59] {larisa} so when you say in here : RIMM is selling.. it does not make sense too, caz someone is buying :)

[12:00] {dino} tighten ebix

[12:00] {Threei} not really

[12:00] {Threei} stock is selling equals to price is dropping... if I said traders are selling RIMM{ then yes, you could call me an idiot

[12:00] {dino} well, w/selling larisa, there still are naked shorts

[12:00] {Threei} as it stands, I'd strongly object

[12:01] {dino} out ebix .72, +.42

[12:01] {larisa} lol

[12:01] {larisa} gj dino

[12:01] {dino} ty, but i was serious on the shorts

[12:01] {larisa} put EBIX on my screen and took it away in a minute :)

[12:01] {dino} bad girl

[12:02] {larisa} :)

[12:02] {dino} dbrn spike

[12:02] {Threei} I dislike the name of this stock

[12:02] {dino} raises guidance

[12:03] {ese} watch watch watch watch watch watch watch......watch watch........watch watch.......(hum that to camptown races}

[12:03] {dino} darn rino, did not go to gap

[12:04] {Threei} I want what ese is smoking

[12:04] {Threei} must be a good stuff

[12:04] {ese} fuuuuuuuuuuuuuuuuuuuuu..................ahhhhhhhhhhhh ffffuuuuuuuuuuuuuuuuu..............ahhhhhhhhhhhh

[12:05] {Threei} fantastic stuff

[12:05] {ese} indeed

[12:05] {dino} just say no to drugs

[12:06] {ese} rotflol

[12:06] {nemo} and alcohol?

[12:06] {ilana} don't smoke and trade

[12:06] {ese} NO WAY!!!!!!!

[12:06] {dino} a very good time tested, legal substitute

[12:07] {ese} my brothers advice........."drink heavily when you need too"

[12:07] {nemo} define "need"

[12:07] {dino} "one for the ditch"

[12:08] {ese} oh man!!!rotflol

[12:08] {nemo} in Massachusetts, if you have one DUI/OUI, you can't get a firearms license

[12:08] {ese} that was funny dino

[12:08] {dino} :)

[12:10] {ilana} RIMM is gettig back to previous trigger

[12:11] {ese} lookin for some action today..............wait til i tell patience that i've started a meth lab right beside her house........

[12:11] {ese} she should become animatied in.............t minus 2 seconds

[12:12] {nemo} .40 is r2 on rimm

[12:12] {magoo} who u kidsding..shes the brains behind your enterprise

[12:12] {patience} running the business for my daughter magoo

[12:12] {Threei} 24% Favor National Sales Tax, 65% Oppose

[12:13] {Threei} 24% don't buy aything?

[12:13] {ese} like that adds up to 100%

[12:13] {Threei} well ese... there are three kinds of people: those who can count and those who can't

[12:13] {ese} rotflol..........love it

[12:13] {Les} lol oh vad you save us from boring sessions

[12:14] {patience} one decent trade this morning in gold (hgu) this morning....where is my christmas bonus trade this year

[12:14] {Les} still short WMT. no volume on upticks. looks good for day trade.

[12:14] {Threei} Short Setup: RIMM .50 break

[12:14] {Threei} if stays below .60

[12:14] {ese} turned out to be t minus 2 mins

[12:15] {ese} i felt sure patience that i would get a reaction out of you sooner

[12:16] {patience} on my street, everybody knows everybody's business....meth lab would make for some good chatter here :)

[12:17] {ese} this board is a barrel of laughs.........it's now addictive........i have to get a fix of this board before the day

[12:18] {dino} lol patience, we call my neighborhood a safe one, we all walk to each others houses and drink

[12:18] {Threei} that's true... I once walked patience's street after consuming 2 litres of vodka... didn't even talk to anyone.. yet got 4 dinner invivations next day

[12:18] {fernp} stopped

[12:18] {Threei} no go RIMM

[12:18] {ese} rotflol.......good one

[12:18] {Threei} I give up, this is frog invasion today

[12:18] {fernp} too many frogs today

[12:18] {Threei} they are small but they are everywhere

[12:19] {nemo} Wasn't that a Ray Milland movie?

[12:26] {Les} covered WMT .51 +.26. damn broke straight through low of yesterday on volume

[12:26] {dino} gj

[12:27] {Les} or could this be bounce time vad?

[12:27] {dino} fds

[12:28] {Les} l wmt .56

[12:29] {Threei} no idea

[12:29] {dino} vrsk

[12:29] {dino} fact

[12:31] {dino} takeover fight fact

[12:33] {dino} deck -7 in 2 days

[12:33] {dino} fds feels like 65s

[12:37] {Threei} Senate commission formed to study measures to cut deficit; dramatic tax hikes possible

[12:38] {Threei} dramatic eh

[12:38] {Threei} anyone for canadian citizenship?

[12:38] {nemo} that will leave alot left over for a consumer economy

[12:42] {dino} fds hit 65.92, and i was at .75 ugh

[12:47] {Les} partial out wmt .67

[12:49] {fernp} RIMM hod

[12:51] {Les} all out +.10. alright, back in green for the day

[12:51] {Les} those frogs threatened to croak me this morning

[12:51] {dino} gj

[12:51] {fernp} gj

[12:52] {dino} i'm not getting the frog joke

[12:53] {larisa} new game, stops are frogs for some reason. trades that worked are princesses :)

[12:53] {Les} couple of stops taken this morn dino

[12:53] {dino} ahhhh

[12:53] {Les} yeh its Vad's idea

[12:53] {Threei} it's easy

[12:54] {larisa} hope he gets tired of it in a couple of days :)

[12:54] {Threei} for a princess to discover her prince, she has to kiss some frogs thatg never turn into anything worthy kissing

[12:54] {nemo} princes (if you're that way) are wins, and frogs are losers

[12:54] {nemo} I'll stick with princesses

[12:54] {dino} prefer to call them gorf's

[12:54] {Les} Do frogs "croak" in American english?

[12:54] {nemo} yes, and ribbit

[12:55] {Les} that was play on word on frog comment

[12:58] {fernp} Don't you like RIMM if breaks .70, Vad?

[12:59] {Threei} I do

[12:59] {Threei} it's just that 3/4 of what I liked today didn't like me back

[12:59] {larisa} .73 high

[12:59] {Threei} used to be other way around... getting old

[13:00] {fernp} let's see if this play is your princess :-)

[13:00] {dino} aren't we all

[13:00] {Threei} except girls

[13:01] {Threei} and I am not sure about Alert

[13:01] {ilana} thinkng to short off .70

[13:01] {Threei} never got to investigate her/his gender

[13:01] {fernp} Qs in doing nothing

[13:01] {fernp} is

[13:01] {Les} why am I a girl?

[13:02] {Les} who decided my gender?

[13:02] {Threei} you are not getting older?

[13:02] {Les} and how do I change it?

[13:02] {larisa} when I got love letter from 17 years old recently, I realized i am getting old :)

[13:02] {nemo} whoa

[13:02] {Threei} jusy how exactly you manage to get letters from them?

[13:02] {Les} jail bait

[13:02] {nemo} website

[13:03] {Threei} stop posting your profile on dating sites

[13:03] {Threei} that might help

[13:03] {larisa} nah :) baby stick it to my car while i was shopping. Turned out he was sleeping in the car next to mine :)

[13:03] {fernp} stop is under .60 or .55, Vad?

[13:04] {Threei} .60

[13:04] {Threei} helod above it long enough to make it valid support

[13:05] {dino} nice larisa

[13:06] {nemo} I get tickets stuck to my car

[13:06] {Threei} lol

[13:06] {larisa} I prefer men over 35, and they do not write :)

[13:06] {larisa} lol

[13:06] {Threei} do not write? we don't even talk

[13:06] {larisa} :)

[13:06] {Threei} we just gesticulate with our chins

[13:07] {nemo} do you use both of them vad?

[13:07] {nemo} sorry

[13:07] {magoo} our expertise is remote control manipulation

[13:07] {nemo} couldnt help it

[13:07] {dino} ;)

[13:07] {Threei} beard masks the rest 4 nemo

[13:07] {nemo} oh, that's not all...

[13:08] {nemo} I haven't gotten a haircut since the last time you saw me

[13:09] {Threei} trying to save on clothes?

[13:09] {nemo} no

[13:19] {fernp} come on RIMM, forget all the things I told you

[13:20] {Threei} ahha

[13:20] {Threei} now you are trying to be nice to it

[13:20] {fernp} very nice

[13:23] {ese} gotta go........2 more shows to do.......then........drink heavily time cya tomorrow

[13:23] {fernp} bye ese

[13:23] {ilana} cya ese

[13:23] {Les} ciao ese

[13:25] {dino} cya es

[13:25] {Threei} take care ese

[13:29] {fernp} stopped

[13:29] {Threei} told you... it's totally random right now...

[13:30] {fernp} true

[13:30] {ilana} why not play the range then?

[13:30] {Threei} because they break range

[13:30] {Threei} then retunr to it

[13:30] {Threei} so they'll stop you out anyway

[13:31] {dino} out meli .45, +.45 took hours

[13:32] {Threei} VP Biden expected to announce administration to propose an added $5B for clean energy manufacturing tax credits

[13:33] {Threei} (CA) BoC's Carney: Canada to grow faster than other G7 countries in 2010; must prepare for "more normal" interest rates

[13:33] {Threei} - Recent Canadian data is consistent with expectation.

[13:33] {Threei} - Reiterates that risks from household debt are relatively low but rising.

[13:33] {Threei} - commercial real estate situation is US remains difficult

[13:37] {Threei} US) White House Official: Administration plan for boosting US manufacturing involves "ongoing dialog" on currencies, believes FX rates should be set by markets

[13:37] {Threei} - Would like to see jobs package discussed by Congress in early 2010 or sooner

[13:38] {Threei} sooner?

[13:41] {Threei} interestingly enough,

[13:41] {Threei} while FOMC days are often difficult

[13:42] {Threei} they are much more alive when FOMC decision means something.

[13:42] {Threei} Today's one means nothing,

[13:42] {Threei} everyone knows what it's going to be

[13:42] {Threei} yet market is dead

[13:45] {Threei} US) Reportedly Connecticut AG has called on the Fed to roll back credit card interest

[13:45] {Threei} hmm?

[13:45] {Threei} does Fed sets credit card interest?

[13:48] {nemo} rimm is at VWAP, probably good for .30 if it drops .20

[13:50] {dino} brb

[13:52] {larisa} thanks nemo, scalped RIMM long, not sure what you meant, long or short :)

[13:53] {Threei} Wednesday, December 16, 2009 1:52:53 PM

[13:53] {Threei} Preview: FOMC rate decision due out at around 14:15ET

[13:53] {Threei} **there has been a lot of speculation about the various tweaks the FOMC might implement today, though consensus expectation appears to be for the Committee to hold off on any hawkish new changes in its phrasing until 2010. The Financial Times recently speculated that the FOMC might want to begin distinguishing between its monetary policy and liquidity policy, which could result in the central bank raising the discount rate, while holding its federal-funds target unchanged at 0-0.25%. Some analysts also suppose that the Fed could start to modify its language on keeping rates exceptionally low for an "extended period." Notably, in his speech to the Economic Club of Washington last week, the Chairman left out any reference to the "extended period."

[13:54] {Threei} Other speculation is focused on what the FOMC might say about its asset purchase programs. The FOMC has made modifications to the asset program at its last two meetings (tapering the pace of MBS and agency purchase programs at the Sept meeting, and cutting the agency debt program to $175B from $200B in Nov).

[13:59] {magoo} RIMM is biggest peice of shit

[14:00] {Les} not tempted to short RIMM here... what did you do?

[14:00] {Les} watching it though

[14:00] {fernp} I hate RIMM

[14:00] {magoo} im just amazed howe it sux all the time

[14:00] {magoo} we may scalp a measly dime ..but most of time it sux

[14:01] {magoo} that fall off is just wrong

[14:01] {Les} I'm amazed I haven't been chasing such crap. I am starting to recognise crap when I see it.

[14:01] {dino} why play it then? like banging your head against wall

[14:02] {nemo} amzn at serious support

[14:02] {Threei} 13 min till FOMC

[14:03] {dino} wow esrx

[14:09] {Les} http://www.youtube.com/watch?v=R1X6RQLZtoA&feature=player_embedded

[14:10] {Threei} 5

[14:11] {magoo} tghey'll be late

[14:12] {Threei} BA Pentagon reportedly will not recommend Obama veto of defense bill over added C-17 orders added by Congress

[14:12] {Threei} - Pentagon officials reiterate view that there are enough C-17s in the US fleet already.

[14:13] {Threei} that's one confusing item

[14:13] {Les} so congress is quite clear that it wants more pork in budget

[14:15] {fernp} i've wasted all my profits in three plays in RIMM. I can't get rid of that thought

[14:15] {Threei} DCGN

[14:15] {Threei} Decode Genetics Journal publishes discovery of major risk factor for Type 2 diabetes, dependent on parent of origin

[14:15] {Threei} - Scientists at deCODE genetics, Inc. (Nasdaq:DCGN) publish in the journal Nature the discovery of a version of a common single-letter variant in the sequence of the human genome (SNP) with a major impact on susceptibility to type 2 diabetes (T2D).

[14:15] {Threei} - The impact of the T2D variant is not only large, but unusual: if an individual inherits it from their father, the variant increases risk of T2D by more than 30% compared to those who inherit the non T2D-linked version; if inherited maternally, the variant lowers risk by more than 10% compared to the non T2D-linked version. Nearly one quarter of those studied have the highest risk combination of the versions of this SNP, putting them at a roughly 50% greater lifetime risk of T2D than the quarter with the protective combination.

[14:15] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% ; REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:15] {Threei} - Vote was unanimous (10-0) (related SPY SHY TLT EUR/USD GBP/USD USD/JPY GLD )

[14:16] {patience} .

[14:18] {dino} ..

[14:18] {nemo} ;;;;;;;;;;;

[14:20] {Threei} strangely muted reaction

[14:20] {Threei} extended period is what mArket wants to hear

[14:21] {dino} earliest is june, most likely sept, imo

[14:22] {dino} other thing on their minds, ireland, greece, austia banks about to blow up, as well as questions on spain

[14:22] {fernp} FITB lod

[14:22] {Les} or they are ready to sell the news

[14:27] {Les} CAT?

[14:27] {Threei} roll a dice

[14:28] {fernp} JOYG dbi

[14:28] {strider} So I leave you folks alone for a few hours,, and you're already shooting craps.

[14:28] {larisa} lol

[14:29] {Threei} it's Les

[14:29] {dino} sm l esrx .01

[14:32] {fernp} TSO breaking lod

[14:33] {dino} pwrd lod, china stock, strange

[14:33] {Les} AIG on .74 b/d?

[14:33] {fernp} SUN also breaking

[14:33] {Threei} chart is right

[14:34] {Threei} market is chaotic

[14:34] {Les} lets implement some planned chaos...

[14:38] {magoo} amzn bouncer vad?

[14:38] {Threei} chart is breakdown on it, and no normal formation woreked today, so - yes

[14:38] {larisa} lol

[14:39] {magoo} up .20 since i asked

[14:39] {magoo} .50

[14:39] {Threei} see?

[14:40] {dino} pwrd sm l .25

[14:44] {Les} AIG

[14:47] {fernp} try to trade BAC today. What kind of chart is that? lol

[14:48] {Threei} AONE Hearing positive comments from Lazard (timing uncertain) (18.65, +0.49, 2.70%)

[14:48] {dino} that is called the coin toss chart'

[14:48] {fernp} agree, lol

[14:49] {Threei} I'll tell you what chart it is

[14:49] {Threei} get a mule, pour it bottle of vodka,

[14:49] {Threei} when a mule is good and drunk, tie a pencil to its tail,

[14:49] {Threei} put a sheet of paper under the tail and pin a mule with needle

[14:50] {Threei} what he draws on the paper is this chart

[14:50] {fernp} rofllll

[14:50] {Les} almost sounds like the voice of experience...

[14:50] {larisa} do not torture animals

[14:50] {Threei} torture? this animal will chase you for days after that begging for party continuation

[14:51] {Les} lol

[14:51] {Threei} "I demand to continue banquet!"

[14:52] {dino} pwrd stopped

[14:54] {Threei} alternatively, this chart is my EKG in 30 years

[14:54] {Les} slow and steady?

[14:54] {Les} or flatline?

[14:54] {Threei} narrow, quiet, meanignless and ready to quit

[14:56] {Les} AIG offering short entry here.

[14:58] {fernp} +.05 TSO +.06 SUN I should play only these type of trades

[14:59] {magoo} AMZN wrecked

[15:03] {dino} giddy-up

[15:08] {dino} pwrd rinsed

[15:11] {Threei} NVDA stubbornly stays near high

[15:12] {nemo} rimm stubbornly stays at this level

[15:12] {Threei} here come pitchforks:

[15:12] {Threei} GS Reportedly unions asking 10 state AGs to probe firm for role in subprime mortgage lending

[15:14] {Threei} how do they connect GS and subprime?

[15:14] {dino} and unions?

[15:14] {Threei} yeah, lol

[15:15] {Les} housing workers union...

[15:15] {Threei} it was acknowledged that GS was not really involved in subprime lending, and never let leverage go up anywhere that much as most

[15:16] {Threei} which was one of the main reasons for their relative stability

[15:17] {dino} politics of envy, you git it, i want it

[15:17] {dino} git=got

[15:18] {nemo} ravenspeak

[15:19] {Threei} UAUA CEO: Seeing gradual pickup in demand, business travel demand is returning; seeking opportunistic financing for planes (11.21, +0.16, 1.45%)

[15:19] {dino} cawww

[15:20] {dino} hon hl l .50

[15:21] {dino} ouch deck, xmas is over

[15:23] {Threei} SPY chart starts looking like that same drawing by the drunken mule

[15:23] {Threei} or like my EKG in the morning of Jan 1

[15:28] {Threei} DECK, ever since you asked first time I wanted to short it

[15:28] {Threei} too bad I never did

[15:29] {dino} sometimes you have to say, "what the f*ck, can't say it, can't do it"

[15:29] {Threei} that was around 95, remember?

[15:30] {Threei} when I labeled it as breakdown

[15:30] {Threei} and magoo called me insane

[15:30] {dino} 94, i scalped it

[15:30] {magoo} not on that i didnt

[15:30] {Threei} well, at least you thought that

[15:30] {dino} going to 90s for strike

[15:30] {dino} hon gap fill

[15:31] {dino} we will play deck tomorrow

[15:31] {nemo} You never play with a full "deck"

[15:31] {nemo} that was too easy

[15:31] {dino} as well as, esrx, amed, pwrd, fds

[15:33] {dino} as long as i remain in the game nemo, thats rule # 1

[15:33] {nemo} absotutely

[15:33] {dino} who said you need to be sane to trade

[15:34] {nemo} reminds of a joke

[15:34] {nemo} Guy changes his tire before he leaves home and heads out

[15:34] {nemo} As he's riding down the road, all of a sudden one tire rolls off

[15:35] {nemo} So, he comes to a stop and sees he forgot to put the lug nuts on the tire

[15:35] {nemo} So he's standing there wondering what to do

[15:35] {nemo} He gets this feeling and looks behind him and sees a guy staring at him from behind a barbed wire topped fence

[15:35] {nemo} He remembers it's the local insane asylum

[15:36] {nemo} So, the guy behinds the fence says, "Why don't you take one lug nut off the other three tires and use them to secure the other tire."

[15:37] {nemo} The guy looks at him and says, "Wow, that's pretty good." You figured that out and you're in there?" Guy behind the fence says, "Look, I might be crazy, but I'm not stupid!"

[15:37] {Les} hmmm

[15:37] {Les} night all

[15:37] {dino} (colorful joke)

[15:38] {nemo} Janitor!

[15:38] {dino} cya les

[15:38] {Threei} sigh

[15:38] {Threei} but lol

[15:38] {dino} :)

[15:39] {nemo} That's as bad as, (colorful joke)

[15:41] {Threei} you don't have dcc or what, lol

[15:42] {nemo} dcc dino

[15:43] {Raven} oh sigh

[15:44] {Raven} and nemo ... you do not put lug nuts on tires ... they go on WHEELS ... sheesh

[15:44] {dino} gottas hop

[15:44] {nemo} yes Raven

[15:44] {Threei} lol

[15:44] {nemo} they actually go on the lugs

[15:45] {Raven} correct ... micro analysis

[15:45] {nemo} yes, thus "lug" nuts

[15:45] {Raven} exactly

[15:45] {nemo} ty

[15:45] {Raven} wheels fit over the lugs

[15:46] {Raven} tyres are affixed to the wheels

[15:46] {nemo} I realize you were born in New England, but really

[15:46] {Raven} Olde England

[15:47] {strider} The breadth and depth of knowledge available in this room is frightening.

[15:47] {Raven} truly awesome

[15:47] {fernp} Good evening everybody. See u all tomorrow

[15:47] {strider} night, fern

[15:47] {nemo} YEs, but is it useful?

[15:47] {Threei} take care fern

[15:48] {strider} Frightening, I say. Frightening.

[15:48] {nemo} vaya con diablo fern

[15:48] {nemo} oops

[15:48] {nemo} that's for me

[15:49] {Raven} mercifully ... this is almost over ....

[15:50] {nemo} yeah...but

[15:50] {nemo} there's tomorrow

[15:50] {nemo} and Friday

[15:50] {Raven} sigh

[15:54] {Threei} okay guys, time to end this meaningless day

[15:54] {larisa} bye all

[15:55] {Threei} have a good evening, see you tomorrow

[15:55] {strider} see ya, vad.