Dec 17 2009

Very nice day with almost total frog eradication. I'd call it Midas day.

Session Time: Thu Dec 17 00:00:00 2009

[08:18] {Les} GLD prsented nice short but jumped straight over my offer.

[08:18] {Les} GM all :)

[08:18] {nemo} what's Les short for?

[08:18] {Les} Lesbian

[08:18] {Les} back in high school

[08:18] {Les} nowaday's its Leslie

[08:19] {nemo} as in Nielsen

[08:19] {Les} I exist as an individual being Nemo

[08:19] {Les} as in Leslie Robinson

[08:20] {nemo} {Les} I exist as an individual being Nemo...do you understand what an existential nightmare that is?

[08:20] {nemo} Hi Raven

[08:20] {Les} crap GLD just back tested my trigger price and I wasn't watching

[08:20] {Les} and look at GLD goooooooo

[08:21] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:21] {Threei} - Expectations for initial claims are 465K v prior release of 474K (range seen from 450K to 475K)

[08:21] {Threei} - Continuing claims seen at 5.170M v prior 5.157M (range seen from 5.000M to 5.300M)

[08:22] {Threei} Les, what was your short trigger for GLD?

[08:22] {Les} the US is still shedding 400+ thousand a month? incredible.

[08:22] {Les} .60 with .70 stop

[08:23] {Threei} hey

[08:23] {Threei} good one

[08:24] {Les} price and volume baby, price and volume. I like this game

[08:24] {Threei} well, and chart configurations

[08:25] {Threei} this is clean nice setup

[08:25] {Les} doesn't the price and volume create the chart setup?

[08:25] {Threei} sure

[08:25] {nemo} look at amzn and rimm

[08:25] {Threei} they create everything

[08:26] {Les} I was going to say it all comes down to price and volume, but realise that is not true

[08:26] {Threei} it's just that these formations on the chart is easiest way to visualixe

[08:26] {Threei} and see the setup forming

[08:26] {Threei} also there is a pace

[08:26] {Les} price and volume must move in such an arrangement so as to create viable setup

[08:26] {Les} and pace as well

[08:26] {Threei} with is a function of volume in time

[08:27] {Les} volume in time?

[08:27] {Threei} 1K shares in 1 second and 1K shares in one minute is very different pace

[08:28] {Les} ah ok

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 465KE; CONTINUING CLAIMS: 5.186M V 5.170ME

[08:31] {Threei} at this rate, how long before no one is working?

[08:32] {strider} and you'll have 5 million daytraders in the room.

[08:32] {Les} lol

[08:32] {Threei} yeah but

[08:32] {Les} that's what I call competitive workplace environment

[08:33] {strider} read FDX vad?

[08:34] {Threei} no read

[08:34] {strider} k

[08:34] {Threei} not enough base for reading anything yet on it

[08:34] {Les} .25 b/d on GLD might be in the works. larger stop this time

[08:35] {Threei} C is chewing through taxpayer's money with ferocity deserving better use

[08:36] {nemo} you mean, taxpayer toilet paper

[08:36] {Les} destructive capitalism

[08:36] {Threei} capitalism?

[08:37] {Threei} where do you see capitalism in that

[08:37] {Threei} if it were capitalism, C would have been bankrupt long ago

[08:37] {nemo} Les, capitalism in the US stopped with the institution of the FED and the income tax in 1913

[08:38] {Les} was playing with the popular description of capitalism

[08:38] {Les} capitalism makes things and breaks things down

[08:38] {Les} destructive capitalism is supposed to be a good tenet of the system

[08:38] {Les} but this "destructive capitalism" is exactly that - destructive

[08:39] {Threei} this whole mess, against popular opinion, is totally creatiion of deviation from capitalism

[08:40] {Threei} watch your GLD,

[08:40] {Les} happily for the oligarchs not too many people understand what capitalism is hey?

[08:40] {Threei} it may give you tighter stop

[08:40] {Threei} no, not many

[08:40] {Threei} too many really think it is a capitalism failure

[08:40] {Threei} just look at Moore

[08:41] {Threei} but then again... look how many think if developed country transfer all their wealth and industrial base to the third world countries, climate becomes better

[08:42] {Les} really?

[08:42] {Les} haven't heard that one

[08:42] {Threei} isn't it what is happening in Copenhagen?

[08:42] {Threei} "climate justice"?

[08:42] {Les} oh right. haven't been watching it

[08:42] {Threei} do if you want to be shell shocked by

[08:43] {Threei} umm

[08:43] {Threei} well, pretty much by everything

[08:43] {Threei} lol

[08:43] {Les} saw it covered on news when G8 in Geneva. Looting, rioting blah blah blah

[08:44] {Threei} wow GLD

[08:44] {Threei} typical example of when you don't want to enter on your trigger

[08:44] {Threei} tell me why?

[08:44] {Les} jumps straight over trigger

[08:46] {Les} sorry, didn't see your question

[08:47] {Les} doesn't consolidate prior to setup trigger. increased volatility. I guess directional movement is less predictable

[08:47] {Threei} plus sharp move into trigger

[08:48] {Threei} and sharp moves often produce snapback

[08:48] {Threei} so triiger becomes a trap

[08:48] {Les} ok

[08:54] {Threei} returned into trigger zone on drying up volume

[08:54] {Threei} good chance of drop from here

[08:54] {Threei} it's premarket, these things are less pronounced

[08:54] {Threei} but good for observation... as a, umm, teachable moment

[08:58] {ese} morning

[08:58] {Threei} ese :)

[08:58] {Les} hey ese

[09:00] {nemo} Your Dudeness

[09:01] {ese} hey les

[09:01] {ese} dude

[09:02] {ese} sorry was off getting a coffee

[09:02] {ese} and a hypodermic needle to inject it in with

[09:03] {nemo} why don't you just use a butterfly catheter, only have to change it twice a week, "les" holes in your arm

[09:03] {Les} I've already withdrawn from daily high and am now coming down with red wine...

[09:03] {Les} belt up nemo

[09:04] {strider} good morning all

[09:04] {strider} watching FDX, HOG

[09:04] {nemo} frickin' optimist

[09:04] {Threei} strider :)

[09:05] {strider} Sir:)

[09:05] {ese} st

[09:05] {strider} ese:)

[09:10] {magoo} morn

[09:10] {ese} nemo what were the 2 dollar symbols you gave me a few weeks back UUP? UUD? lost those 2 with computor change over

[09:10] {Threei} magoo :)

[09:10] {ese} mags

[09:10] {magoo} man, FSLR popped afterhrs to 145

[09:10] {magoo} gave all back

[09:11] {dino} gm all

[09:11] {ese} i've tried to trade that stock mags......nightmare

[09:11] {Threei} yesterday's Frank - Paul fight was disappointing - they agreed with each other on almost everything

[09:11] {strider} dino:)

[09:11] {Threei} excpet CRA

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:15] {magoo} i actually got lucky, shorted 143 covered 140 somewhere

[09:15] {magoo} when i closed up it was 141.40

[09:15] {ese} nice......hard stock to trade.....good on ya

[09:16] {magoo} best to play extremes on it

[09:16] {fernp} Good morning everybody

[09:16] {magoo} but ive been struggling with this mkt of late

[09:16] {magoo} no follow thru

[09:16] {Threei} fern }:)

[09:16] {larisa} gm :)

[09:16] {magoo} dimes or death it seems

[09:17] {Threei} larisa :)

[09:17] {ese} laris

[09:17] {strider} Vad, now a read on FDX?:)

[09:18] {Threei} chart wise .40 break for short

[09:18] {Threei} but you see how thin it is?

[09:18] {strider} yeah

[09:18] {Threei} its move within its natural volatility can exceed its range width

[09:23] {dino} fdx, high 85s imo

[09:23] {magoo} your buddy farley thinks today is a climax day vad, a "oops there it was" day...and in breakout RALLY terms

[09:23] {dino} hog downgrade target 23, gs

[09:24] {nemo} rimm sitting at support

[09:24] {dino} gap around 84.60

[09:25] {Threei} mags, as in break and up from here?

[09:25] {dino} up

[09:25] {larisa} Alan thinks up because consolidating without selling for so long?

[09:27] {Threei} strider

[09:28] {Threei} see how untradable it is?

[09:28] {dino} dino, has no idea, will p;ay whats given to him

[09:28] {strider} yeah

[09:28] {Threei} OK guys

[09:28] {Threei} let's be a bit more mellow

[09:28] {Threei} holiday trading

[09:29] {Threei} no good comes out of pushing

[09:29] {Les} has begun today?

[09:29] {Threei} better sit, patiently wait for something easy to pass by

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {Threei} NVDA is trying again

[09:31] {Les} volume has returned to GLD upon most recent breakdown

[09:31] {magoo} watch FCX vad

[09:31] {strider} KRA IPO trading

[09:31] {dino} esrx getting some back

[09:32] {Threei} Long Setup: NVDA .10 break

[09:32] {magoo} in

[09:33] {ese} ndsn.....dino

[09:33] {fernp} stop under .17 , no?

[09:33] {Threei} yes

[09:33] {ese} 3.5 gap dn

[09:34] {dino} misses

[09:34] {Threei} .90 makes sense if you want to stay in for a longer move but I just can't bring myself to keep such wide stop

[09:34] {dino} gap around 50.20

[09:34] {Threei} not these pre-holiday days

[09:35] {magoo} WOW RIMM vad

[09:35] {Threei} wow is right

[09:35] {dino} ndsn, miss not too bad, guidance ok, imo

[09:35] {Threei} ok NVDA

[09:35] {Threei} now or never

[09:36] {Threei} aaalmost there

[09:36] {nemo} out 1:1

[09:36] {Threei} half out

[09:36] {fernp} ty

[09:36] {Threei} still want something more out of it

[09:36] {magoo} ,34 im thinking

[09:37] {Threei} thinking?... what a novel concept... I gotta try it some day

[09:37] {nemo} don't hurt yourself

[09:37] {Threei} I promise to be careful

[09:37] {ese} just lookin at that dino ...am thinkin the same thing

[09:37] {Threei} 2 hours of drinking per 1 minute of thinking

[09:37] {Threei} US) Senator Dodd: Reiterates he will vote in favor of re-nomination of Fed Chairman Bernanke

[09:37] {dino} esrx ballistic

[09:37] {ese} might try L sm at .50

[09:38] {Threei} offering 1/4 more NVDA just above .30

[09:39] {Threei} good girl

[09:39] {Threei} out 1/4 more .31

[09:39] {ese} bstop ndsn 54.50 sm

[09:40] {magoo} out NICE vad

[09:40] {magoo} .31

[09:40] {Threei} wtg

[09:41] {magoo} AONE vad

[09:41] {ese} esrx....whoever got in at 82.60.....good on em

[09:41] {Threei} AONE CEO: The JV with SAIC is a significant milestone - CNBC (20.00, +1.68, 9.17%)

[09:42] {Threei} 4:01:20 AM

[09:42] {Threei} A123Systems Forms JV with SAIC Motor to tap growing Chinese market for hybrid electric & pure electric vehicles

[09:42] {Threei} - Entering into a joint venture with SAIC Motor Co. Ltd, a leading automaker in China. The focus of the joint venture is to develop, manufacture and sell complete vehicle traction battery systems for use in hybrid electric and pure electric passenger vehicles and heavy duty truck and bus applications in the People's Republic of China, the largest and fastest growing automotive market in the world.

[09:42] {Threei} out NVDA in full

[09:42] {Threei} .44

[09:43] {Threei} +.32

[09:43] {Threei} surprizingly easy trade

[09:43] {Threei} (US) Senator Shelby: Opposes second term for Fed Chairman Bernanke

[09:43] {Les} FCX

[09:46] {ese} L ndsn .45

[09:46] {ese} wow great fill

[09:47] {nemo} what...you buy the whole float?

[09:48] {dino} gef, bunch of directors added shares 12-15, 54

[09:48] {ese} don't usually get filled lower than bstop

[09:48] {dino} kss coming into 2 month support

[09:48] {ese} ndsn stop to break even

[09:48] {ese} .45

[09:49] {dino} pot blood

[09:49] {dino} fdx hits high 85s

[09:50] {Les} fcx .90 b/d with .05 stop?

[09:50] {Threei} AONE...

[09:50] {Threei} trying to turn into momo

[09:50] {magoo} in

[09:51] {Threei} looks good les

[09:51] {Les} ty AONE took .10

[09:51] {magoo} 22

[09:51] {dino} stec es

[09:52] {ese} will check that out

[09:52] {nemo} aone looking weak

[09:53] {ese} that was bound to happen

[09:53] {Threei} FCX 1:1

[09:53] {Les} ty out

[09:53] {Threei} gj

[09:53] {Les} this is better than holiday shopping...

[09:53] {Threei} things become much clearer eh Les

[09:54] {ese} .15 spread on this ndsn.....makes it hard to sell it

[09:54] {dino} gj

[09:54] {dino} where you in?

[09:55] {ese} i'm thinkin it should make it above 55

[09:55] {ese} .45

[09:55] {dino} gj, i wanted re-test area, not in

[09:55] {dino} rino, maybe today gap fill

[09:56] {dino} lod's

[09:56] {nemo} fcx foring tight range

[09:56] {dino} whoosh down coming, gut says

[09:56] {ese} out ndsn .86 +.41

[09:57] {dino} wtg

[09:57] {dino} dji, -120 area

[09:57] {ese} ya look at it

[09:58] {Threei} dino's gut was right

[09:58] {dino} wow

[09:58] {dino} xmas cookies 3i, great insight

[09:58] {nemo} 1/2 out fcx .45 shrot from .70

[09:58] {Threei} got it, ty for the tip

[09:59] {dino} rino gap filled

[09:59] {Threei} great job nemo

[09:59] {Threei} wow... who would have thought I'd ever say that

[09:59] {ese} back in 10

[09:59] {dino} wtfg nemo

[09:59] {Threei} lol dino

[10:00] {Threei} I realize it's a fat finger case but what an appropriate insertion of f

[10:00] {dino} :)

[10:00] {Threei} *(US) NOV LEADING INDICATORS: 0.9% V 0.7%E

[10:00] {Threei} DEC PHILADELPHIA FED INDEX: 20.4 V 16E

[10:00] {fernp} FITB, ese

[10:01] {Threei} Treasury's Allison: Goal of TARP stakes was not to make money, govt wants to exit TARP as soon as possible

[10:01] {Threei} (US) Moody's changes outlook on US homebuilding industry to Stable from Negative

[10:01] {Threei} - suggesting that the bottom has been reached for the sector.

[10:01] {Threei} - Housing starts, new home sales and existing home sales are all showing positive trends

[10:01] {Threei} - home affordability is at its strongest in many years.

[10:01] {Threei} - Joseph Snider, Moody's Vice President - Senior Credit Officer, stated that the U.S. government's support for the sector remains a critical source of strength. A premature removal of government backing, Snider said, would put the industry's outlook at considerable risk of returning to negative

[10:04] {nemo} sorry too fast scalp for 30 on rimm

[10:05] {larisa} short?

[10:05] {nemo} yes

[10:06] {larisa} washed 63 stops powerfully

[10:06] {nemo} break of .40

[10:06] {Les} FCX

[10:08] {nemo} look to short at .44

[10:08] {nemo} fcx

[10:08] {nemo} cat break of .50 short

[10:08] {Les} already in. starting to think of it as daytrade

[10:10] {strider} long PAYX .09 stop .00

[10:11] {dino} gef sm l .25

[10:11] {dino} thin

[10:11] {Threei} wow... look at NVDA exit

[10:11] {Threei} 4 cents under day high

06[10:11] * nemo slaps Threei around a bit with a large piece of his dislocated right arm

[10:12] {Threei} what a wierd case of self-mutilation

[10:13] {nemo} well, you pat yourself on the back so often, it was just hanging by a thread anyway

[10:13] {dino} uthr

[10:14] {Threei} often?

[10:14] {Threei} this is first time today

[10:14] {Threei} which means I had an urge 5 times and resisted it 4

[10:15] {nemo} that's if I believe you

[10:15] {Threei} and btw,

[10:15] {Threei} I even complimented your trading

[10:15] {Threei} which took all my physical and mental strength

[10:16] {Threei} 09:59] {Threei} great job nemo

[10:16] {Threei} [09:59] {Threei} wow... who would have thought I'd ever say that

[10:16] {strider} long gef .24

[10:16] {nemo} missed it

[10:16] {Threei} of course

[10:16] {nemo} in payx, thanks strider

[10:16] {ese} back

[10:17] {strider} I'm offering at .20

[10:17] {fernp} out FITB +.10

[10:17] {Threei} strider... you realize that for all your complaining about fast stocks, you are picking quite thin ones to trade?

[10:17] {magoo} he prefers to be addressed STRIPPER vad

[10:17] {strider} in some cases, yes.

[10:17] {Threei} not that there is anything inherently wrong with that

[10:18] {Threei} just want to make sure you do it consciously

[10:18] {strider} out PAYX +.11

[10:18] {fernp} gj

[10:18] {Threei} mags, he can apply for nick change if so...

[10:18] {strider} yes....trying to find comfortable bottom entries.

[10:19] {dino} as a stripper should

[10:19] {Threei} rofl

[10:19] {dino} lol

[10:20] {nemo} see that bloc sell at .23 on payx 1000

[10:21] {magoo} u are comfortable with your bottom stripper?

[10:21] {fernp} BAC on lows

[10:21] {nemo} nice payx stripper

[10:22] {strider} not trading large enough t partial out on these, though.

[10:22] {dino} sm l kss .75

[10:22] {nemo} if payx gets through .37 look out

[10:23] {Les} WMT

[10:26] {ese} i'm gonna join you dino bstop kss .80 sm

[10:26] {nemo} stopped last payx .21

[10:26] {dino} es, your bstop is trigger?

[10:27] {ese} yes

[10:27] {dino} ok, i enter differently, my bstops are used on shorts

[10:28] {ese} it touched .80 i'm long .797

[10:28] {nemo} no tighty whiteys?

[10:28] {ese} decent fills on bstops

[10:29] {nemo} look at nvda now

[10:29] {Threei} beautiful

[10:29] {Threei} cristmas tree formation

[10:29] {dino} i see, never tried it

[10:29] {ese} nemo? what was that dollar tracking stock....or stocks?

[10:30] {dino} learn something every day

[10:30] {nemo} cat might be a short from hear on this pull back, next stop 57.10

[10:30] {Threei} UUP?

[10:30] {strider} bid holds at.30 GEF

[10:30] {strider} now up

[10:30] {dino} uup es

[10:30] {ese} tks....whats the other one.....i think there were 2

[10:30] {dino} 2x's

[10:31] {dino} udn

[10:31] {dino} 2x's short

[10:31] {strider} offer GEF .47

[10:31] {ese} tks

[10:31] {dino} i refer to the 2x and 3x as crack

[10:33] {nemo} that was interesting buying in payx

[10:35] {ese} stopped kss.65 -.15

[10:36] {Threei} AIG

[10:37] {Threei} 20 cents range between .40 and .60

[10:37] {strider} out GEF .38

[10:37] {strider} +.14

[10:37] {Threei} half lot play on range break looks plausible

[10:37] {Threei} wtg strider

[10:37] {Threei} finding your game step by step, eh

[10:38] {dino} gj strider, i'm still in, want .90s

[10:38] {strider} flying under the radar...not getting best yield..

[10:38] {Threei} well, does this week feel different from last one?

[10:38] {strider} yeah dino, my big problem right now is premature evacuation.

[10:39] {Threei} nemo, not a word

[10:39] {dino} trail hard stops

[10:39] {strider} absolutely, vad.........

[10:39] {Threei} great

[10:39] {strider} good idea, dino. I'll work on that.

[10:39] {dino} but is something catching your eye "(edge)?

[10:39] {Threei} means nexzt step is made

[10:39] {nemo} what?

[10:40] {Threei} means no mental block anymore that keeps you locked in repeating same thing that doesn't work

[10:40] {strider} things that weren't working last week are working better now.

[10:40] {larisa} lol

[10:40] {Threei} that's because it's different things

[10:40] {strider} I get in a funk if I start out with a loser.

[10:40] {dino} ahhh lari

[10:40] {strider} Haven't done that this week.

[10:40] {nemo} fcx short .30 break

[10:41] {Threei} les nailed a few good setups too

[10:41] {strider} yep.

[10:41] {strider} congrats Les

[10:41] {Threei} unthnkbale for him himself just a few short weeks ago {G}

[10:41] {Threei} and nemo, sheesh... I actually complimented his trading today... I am still shell shocked

[10:42] {dino} nemo is in the zone

[10:42] {nemo} glad I missed it....would have fallen off the chair

[10:42] {strider} need to wash your mouth out with soap, vad.

[10:42] {Threei} no kidding

[10:42] {magoo} better than a poke in the ass, oops, er um, EYE

[10:42] {nemo} vodka is just as good a disinfectant

[10:43] {nemo} JANITOR!

[10:43] {Threei} if it goes this way, during my week in Bahamas you'll find out you don't need me

[10:43] {strider} that's what I was thinking.

[10:43] {Threei} and upon return I find my room access withdrawn

[10:44] {dino} he's on to us

[10:44] {nemo} when you trade down there, you logging into the room?

[10:44] {strider} I'm still waiting for _notvad to show up.

[10:44] {dino} i smell a rat

[10:44] {Threei} lol

[10:44] {nemo} that's magoo next door dino

[10:45] {strider} nemo, what kind of humongous stop you put on FCX ?

[10:45] {nemo} haven't taken it yet but looks like .45

[10:46] {dino} ag's beat up, mon, mos, pot, etc

[10:47] {dino} rino sm l .83

[10:47] {dino} scanners solid green, fwiw

[10:50] {ilana} things seem still random today?

[10:50] {magoo} RIMM bounce

[10:51] {ese} nahhhhhhhhh ....for a brief moment there i was thinking about 5k of kry.........could it bee that i'm going temporarily insane

[10:51] {dino} indeed

[10:51] {magoo} mkts bouncing

[10:51] {Threei} opening was good ilana

[10:52] {Threei} Long Setup: WFC 26 break

[10:52] {dino} hmmm, i had the exact reverse impression ilana

[10:52] {Threei} if stays above .90

[10:52] {nemo} cat. .43 break if above .35

[10:54] {Threei} nemo, notice big offer there

[10:54] {nemo} volume not confirming yet

[10:54] {nemo} yep

[10:54] {Threei} amazing how often they coinside with chart resistance

[10:54] {nemo} frickin metaphuysical

[10:56] {Threei} WFC 1:1

[10:56] {fernp} ty

[10:57] {Threei} CAT 1:1

[10:57] {nemo} yep

[10:57] {Threei} frogs eradication

[10:59] {nemo} rimm interesting sitting on 200 period ma

[11:01] {nemo} took the scalp just above 1:1 lunchtime comes early

[11:02] {ilana} wake up, AIG

[11:02] {ese} it's been a while since we've had a really cool word......"metaphuysical".....i like it

[11:02] {nemo} ty

[11:03] {ese} your welcome

[11:04] {strider} PAYX

[11:04] {nemo} by the way, I took the scalp because cat hit a pivot resistance

[11:06] {strider} l PAYX .04, stop below 31.00

[11:10] {strider} spy heading south

[11:16] {strider} stop to b/e PAYX

[11:17] {Threei} ilana, you in AIG short?

[11:17] {ilana} no, why

[11:17] {ilana} in HIG .76

[11:18] {Threei} 11:02] {ilana} wake up, AIG

[11:18] {Threei} thought it meant you were in

[11:18] {ilana} i was

[11:18] {Threei} so wanted to provide some running comment

[11:18] {ilana} please, on HIG too

[11:19] {Threei} lol, I don't have any on HIG

[11:19] {ilana} out btw, don't like anymore

[11:20] {Threei} les fell asleep I guess

[11:20] {fernp} MS lod

[11:21] {ilana} what was the comment on AIG, Vad?

[11:22] {Threei} to trail stop to above .50

[11:22] {ilana} ok

[11:22] {nemo} sneaky volume increases in rimm over last 10 minutes

[11:23] {strider} stop oujt +.02 PAYX

[11:23] {ilana} to which direction, RIMM

[11:24] {nemo} which one of us dumbasses forgot to look at deck?

[11:24] {nemo} not sure ilan

[11:24] {nemo} ilana

[11:24] {nemo} having said that, a .20 spread- ALL DINO!

[11:24] {larisa} i did not, no volume though DECK

[11:25] {larisa} plus what you said

[11:26] {patience} .

[11:27] {ese} i knew you wern't away.......

[11:29] {patience} :)

[11:29] {strider} PAYX new lod

[11:29] {fernp} MS short .54 stop above .60

[11:29] {patience} i am waiting for a turn up in hgu...usually turns around 10:30 our time

[11:30] {strider} hgu?

[11:31] {strider} what is hgu

[11:31] {strider} ?

[11:33] {nemo} canadian gold stock or etf

[11:33] {Threei} Toronto exchange strider

[11:33] {strider} ah, that explains it.

[11:33] {strider} thx

[11:37] {Threei} (US) Senate Banking Committee votes to nominate Fed Chairman Bernake, full Senate vote on Bernanke soon

[11:37] {Threei} - Final vote: 16-7

[11:37] {fernp} 1:1 MS

[11:41] {strider} good trade, fern.

[11:42] {fernp} BYD lod interesting if breaks .50

[11:42] {fernp} ty strider

[11:43] {strider} at open, lod=.39

[11:44] {strider} but may not matter.

[11:44] {fernp} yeah, ignoring those few prints

[11:44] {dino} out gef .60, +.35

[11:45] {fernp} gj dino (as always)

[11:45] {dino} ty

[11:46] {dino} screwed up rino, had .60 on it

[11:46] {larisa} I think I 'll start my Christmas early. Merry Christmas and Happy New Year, guys. Good trading and be safe.

[11:47] {Threei} have a great holiday time larisa, Merry Christmas

[11:47] {fernp} happy holidays larisa

[11:47] {larisa} do not let market fall below 9K :)

[11:47] {strider} merry xmas larisa:)

[11:47] {patience} enjoy larisa

[11:48] {dino} have a wonderful xmas and new year larisa

[11:48] {larisa} patience, you help ilana to watch guys.. they need to learn to behave

[11:49] {patience} that's your job :)

[11:49] {larisa} nah :)

[11:50] {fernp} MU breaking .75

[11:50] {ilana} i lost last hope

[11:51] {dino} esrx quite the ride

[11:53] {Threei} you girls mean we msibehave??

[11:53] {nemo} shorn rimm .29

[11:58] {fernp} TXN also insteresting if breaks .25

[11:59] {magoo} so mch for that retard farleys callu

[12:00] {strider} haha

[12:00] {strider} what has happened now, mags?

[12:00] {patience} day isn't over yet magoo...and its options week

[12:01] {Threei} Senator Dodd: would be difficult to reimpose Glass-Steagall limits on banks as suggested by Senators McCain and Cantwell yesterday

[12:01] {Threei} why??

[12:01] {nemo} cost him votes from CT

[12:01] {Threei} that goes without saying

[12:01] {Threei} I just want to hear any opf them explaining why

[12:01] {fernp} BYD 1:1

[12:01] {Threei} him, Timmy

[12:13] {strider} AONE bear flag

[12:15] {nemo} amzn hit resistance at .73, might be forming a range here

[12:18] {nemo} huh...deck, shouldn't have taken my eye off it perfect short at 96.50

[12:20] {dino} out rino .33, +.50

[12:23] {Les} AWIAV?

[12:23] {nemo} coma

[12:27] {strider} ESRX

[12:28] {dino} i like it stride, trying to figure entry

[12:28] {strider} news vad? none here.

[12:28] {strider} no bad news anyway.

[12:28] {nemo} see if you can get .40,

[12:29] {strider} retracement from morning euphoria

[12:31] {nemo} do my eyes deceive me or is the relative volume on S&P500 over 200%

[12:31] {nemo} if so THAT'S distribution

[12:32] {dino} strider, was -4 yesterday

[12:32] {nemo} volume or point loss?

[12:33] {Threei} nothing on ESRX since 8 a,

[12:33] {Threei} am

[12:33] {ese} i'm outta here or today.....not doing much but watching see ya tomorrow

[12:33] {Threei} take care ese

[12:33] {strider} see ya, ese.

[12:34] {fernp} bye ese

[12:34] {Threei} 8:02:10 AM

[12:34] {Threei} Express Scripts Inc Study finds no association between anti-epileptic drug switches and increased seizure activity

[12:34] {Threei} - Results of a study that examined the association of seizure risk among epilepsy patients after switching between A-rated anti-epileptic drug formulations. The study found no evidence that switching between A-rated anti-epileptic drugs, including brand to generic substitution, was associated with increased emergency room visits or hospitalizations for epilepsy.

[12:34] {ese} cya guys and gals

[12:34] {patience} later ese :)

[12:34] {strider} so, no bad news is good new.

[12:34] {Threei} for canucks

[12:34] {Threei} CA) BoC's Carney: Pledge to keep rates on hold through mid 2010 is "conditional," policy will change if conditions change

[12:34] {Threei} - BoC believes the current rate plan is "most appropriate

[12:35] {Threei} no reaction by loonie

[12:35] {Threei} and actually loonie looks nicely bearish

[12:35] {Threei} thank godness

[12:40] {Threei} since larisa is not here, I'll abuse the analogy one more time and post this:

[12:40] {Threei} As long as you expect certain percentage of frogs to remain frogs rendering your kisses wasted - you don't consider every kiss not resulting in prince/princess appearance an error that can and should be eradicated. Thus you stay true to market reality - it's an odds game with no 100% certainty, thus no need to get stubborn and try to squeeze a princess out of each and every frog, thus stops are taken easily, losses are kept well under control and don't cause emotional disturbance.

[12:42] {Les} that's my problem - trying to continuously squeeze princesses from toads

[12:42] {strider} I don't know about this frog-kissing. I mean, I always heard they turned into princes. Too old to change my ways now.

[12:44] {strider} (NOTE to self: check gender of frog before kissing.)

[12:44] {Threei} I guess I am a reeloader...

[12:45] {Threei} I am waiting for someone else to deal with the frog, and then go for a princess if aforementioned appears

[12:45] {strider} OK. I vote for nemo.

[12:46] {strider} FDX selloff

[12:46] {fernp} TXN 1:1

[12:46] {Threei} fern knows no frogs today

[12:46] {fernp} :-)

[12:46] {strider} I know. Every rock he turns over has a princess under it.

[12:48] {strider} Lots of roses in Spanish Harlem.

[12:48] {fernp} lol

[12:49] {strider} care to read FDX one more time, vad?

[12:49] {Threei} not really

[12:49] {Threei} quick 50 cents drop

[12:49] {Threei} needs to do something here to form readable formation

[12:49] {ilana} AIG .25 break?

[12:50] {Threei} I hate the way it trades today

[12:50] {Threei} these sharp sudden moves both ways

[12:50] {ilana} what are the big offers mean?

[12:50] {Threei} usually a good indication of spike if broken

[12:51] {fernp} one mistake today: MU i didn't know it moves so slow.

[12:51] {fernp} It is doing nothing. I think I'm gonna close the trade here. with +.01

[12:51] {Threei} easy to see actually fern

[12:51] {Threei} look at its daily ranges

[12:52] {Threei} and how thick it is

[12:52] {fernp} y, true

[12:52] {Threei} rare days when it makes 50 cents range stand out like superstars

[12:53] {fernp} yeah. out MU .... I hate MU lol

[12:54] {Les} double bottom WMT?

[12:55] {Threei} not the kind I can trade

[12:55] {Les} ok

[12:55] {Threei} confirmation is 53 break, lol

[12:55] {Threei} Ilana, see what I mean about AIG?

[12:56] {ilana} you said spike

[12:56] {Threei} what the deuce was that... and during market upward move

[12:56] {ilana} spike down?

[12:56] {Threei} [12:50] {Threei} I hate the way it trades today

[12:56] {Threei} [12:50] {Threei} these sharp sudden moves both ways

[12:56] {Threei} this is what I refer to

[12:56] {ilana} ok

[12:56] {Threei} normally those breaks of big offers lead to spike up

[12:57] {patience} back in hgu

[12:57] {Threei} but the way this thing trades today, I just have no grip on it

[12:57] {ilana} i see

[12:58] {strider} GLD bear flag, best seen on 5min.

[12:59] {patience} don't say that, mortgage payment is tomorrow strider

[12:59] {strider} obviously, I was mistaken.

[13:00] {Threei} look at 1 min strider

[13:00] {Threei} double bottom, uptrend ever since, ascending triangle

[13:00] {Threei} break of triangle's flat top at .50

[13:00] {strider} yep. see that, too.

[13:01] {strider} not an impressive climb from the bottom , though.

[13:01] {Threei} well, it's in general downtrend

[13:01] {Threei} look at daily

[13:01] {strider} yeah

[13:02] {dino} fdx gap filled from mid nov.

[13:02] {Threei} goldbugs always hate my guts... but, gold is so dead

[13:02] {patience} on the way down,it still has relief jumps...i like those because they are steady trades for scalps

[13:02] {Threei} of course...

[13:02] {strider} But breeak of 5min. trend would be at about break of 1 min. support at 10:50. No?

[13:03] {Threei} and before dying eventually, will probably make one last rally

[13:03] {Threei} luring in believers

[13:03] {strider} about .30

[13:03] {Threei} then USD will rally like there is no tomorrow, and gold bubble will burst

[13:04] {patience} andwhen usd has momo up, iwill play it

[13:05] {Threei} oil story will repeat itself to a T... but of course "this time will be different"

[13:05] {dino} fwiw watching; ndsn, fdx, rino, gef, esrx, ebix

[13:06] {dino} i see we hit the -125 gut saw

[13:11] {dino} pbm tax considered in senate, w/heathplan proposal

[13:11] {dino} that explains esrx

[13:13] {dino} gef lod

[13:14] {Les} WDC?

[13:15] {dino} raised to outperform

[13:15] {Threei} US) Fed's Fisher: Has not seen any inflation data that "ruffles my hawkish feathers," sees Q4 GDP +3-4%

[13:15] {Threei} - Believes inflation remains mild

[13:20] {strider} long FDX .69

[13:23] {strider} stopped .58

[13:24] {dino} imo strider, watch the dji for the trigger on fdx

[13:25] {strider} k. thx.

[13:25] {strider} was trying to buy low side of consolidation.

[13:26] {dino} on these big(?) down days, i sit, wait for market to tell me

[13:26] {ilana} tell us what it says

[13:27] {Threei} he can't

[13:27] {strider} I would probably have been ok with wider stop. but not willing to take it.

[13:27] {dino} right now it says "sit"

[13:27] {Threei} it''s pure swearing, no single decent word

[13:27] {dino} break of 10345, possibly up

[13:28] {dino} other way is to hit bottoms

[13:28] {dino} but that is just me

[13:31] {dino} i see a lot of support levels holding well

[13:32] {dino} fdx getting interesting

[13:34] {nemo} pru could be interesting break of .08

[13:34] {dino} been watching met off it

[13:35] {dino} seeing gef, rino, kss holding lows well

[13:35] {nemo} frickin rim

[13:35] {nemo} rimm

[13:39] {strider} dcc trev

[13:40] {dino} osk

[13:40] {Threei} no news here

[13:40] {dino} gao confirms oask wins

[13:41] {Threei} OSK GAO Decision Affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings and Nearly All Other Protestor Complaints

[13:44] {dino} way i read it, still 60 days to accept or decline gao decision

[13:44] {dino} so, politics comes into play

[13:46] {fernp} TXN hit my 1:1 and bounced from there all the way back. I guess I got lucky :-)

[13:46] {dino} gj

[13:46] {fernp} ty

[13:48] {nemo} short cat .29

[13:48] {nemo} stop .37

[13:55] {nemo} stopped

[14:00] {dino} gef hl l .30

[14:01] {lasertrev} Strider got it

[14:05] {dino} esrx one crazy ride

[14:11] {nemo} whaddya' think dino .25 on esrx?

[14:11] {Threei} who thinks BAC .10 break deserves a short?

[14:12] {nemo} too obvious

[14:12] {dino} i don't like it up here

[14:12] {nemo} oh, I thought you were in it

[14:13] {dino} no, walked away and she got legs

[14:13] {nemo} zztop

[14:13] {dino} lol

[14:13] {nemo} great video

[14:16] {fernp} BAC on lows and WFC on highs

[14:19] {fernp} shorting BAC here

[14:20] {strider} trev, dcc

[14:21] {Les} http://miburl.com/WHjmqVU

[14:21] {Les} Russian's preparing for war Vad. Stocking up on essential items

[14:22] {fernp} lol

[14:22] {patience} good beer

[14:23] {Threei} no leader ever survived over there attempt to cut alcohol consumption

[14:23] {Threei} nor succeeded in the slightest in doing so

[14:26] {Threei} General Motors Corp Treasury Official: Expects GM to make a "reasonable effort" to have an IPO by mid 2010

[14:26] {Threei} - Does not know whether July 2010 would be an appropriate time for an IPO or not.

[14:26] {Threei} ***Reminder: On 12/15 GM Chairman Whitacre said he plns to repay govt funds by the end of June (GM's current TARP funds approx $20.64B)

[14:30] {Threei} BAC 1:1

[14:30] {fernp} 1:1 BAC

[14:30] {fernp} i need days like this oftener

[14:30] {Threei} rather than seldomer?

[14:31] {dino} wtg fern

[14:31] {fernp} "oftener" word is correct?

[14:31] {nemo} more often

[14:32] {fernp} i knew

[14:32] {fernp} ty dino

[14:33] {Threei} I like oftener

[14:33] {Threei} I also like bester, worser

[14:33] {Threei} badder

[14:33] {Threei} overboughter and oversolder

[14:34] {Threei} don't listen to them fern

[14:36] {Les} you spanish fern?

[14:36] {nemo} funny spanish fern

[14:36] {fernp} no problem Vad. they speak english better than me

[14:36] {fernp} yes, spanish

[14:36] {nemo} isn't there a vegitation "spanish fern"

[14:37] {Les} ok, can't be too sure. From what I hear a lot of southern Spain is now English...

[14:38] {Les} NVDA looking for green

[14:41] {fernp} PETM hod and daily interesting

[14:46] {Threei} BAC 1:2

[14:46] {Threei} and accelerating

[14:47] {fernp} yeah, losing 15, BAC looks very bearish

[14:48] {fernp} on daily i mean

[14:55] {Threei} F North American President: reiterates 12.5M SAAR sales forecast - CNBC

[14:55] {Threei} - have seen some imporvement at the retail level

[14:56] {Les} SNDK

[14:58] {magoo} CECO vad news

[15:02] {Threei} CECO Weakness attributed to chatter that the Office of the Inspector General (OIG) has sent a letter to the Dept of Education proposing stripping accredation authority of the Higher Learning Commission (HLC) (26.00, -2.35, -8.29%) (related COCO ESI DV STRA )

[15:04] {Les} damn it mags, did you do that to CECO?

[15:05] {Les} I wasn't fast enough by half

[15:11] {nemo} gotta' go cu2morow

[15:12] {Threei} take care nemo

[15:12] {Les} no you won't

[15:12] {nemo} small blessing

[15:12] {Les} actually no it's not saturday tomorrow, so yes you will

[15:14] {Threei} BAC unhinged

[15:17] {dino} rino sm l .95

[15:21] {Threei} CECO Higher Learning Commission (HLC): Aware of report out of the DoE's Office of the Inspector General, preparing a response shortly (25.05, -3.30, -11.64%)

[15:22] {Threei} solunds like admissions that report is true

[15:22] {Threei} you don't need to "prepare a response" if it's not, takes all of 5 seconds to say there is nothing going on

[15:24] {Threei} the reference link for the report is here: http://www.ed.gov/about/offices/list/oig/auditreports/AlertMemorandums/l13j0006.pdf

[15:25] {Threei} yup

[15:25] {Threei} look how it drops when the link appeared in news update

[15:25] {dino} esi, apol too

[15:26] {Threei} and COCO

[15:28] {Threei} old joke about trajectory of a missile being curved, meaning that you can shoot from around the corner if you put a gun on its side is not a joke anymore

[15:28] {Threei} see reports about XM-25?

[15:28] {Les} hmm?

[15:28] {Threei} new gun in testing

[15:29] {Threei} extremely sophisticated

[15:29] {Les} Israeli's have had shotgun with camera that shoots round corners for a while

[15:30] {Les} http://www.breitbart.tv/?p=14224

[15:30] {Les} ok its that weapon

[15:32] {Les} looking for bounce in CECO but impossible to tell

[15:33] {dino} out gef .52, +.22

[15:33] {Threei} http://www.army.mil/-news/2009/11/10/30147-army-testing-xm-25-smart-high-explosive-weapon-for-soldiers/

[15:35] {Les} interesting. cover from fire is no longer the case with such a weapon.

[15:35] {Threei} right

[15:45] {Threei} what a murder, CECO

[15:45] {fernp} woow

[15:45] {Les} wish I knew how to play it

[15:45] {Threei} as impressive as it looks on intraday, just have a look at daily for a gasp

[15:46] {Les} cool

[15:47] {fernp} a lot of news CECO today

[15:48] {Les} allright bed is looking better than this market. night all.

[15:48] {fernp} DELL strong

[15:50] {dino} gn les

[15:50] {fernp} go to the bank :-) Good evening everybody. see you tomorrow

[15:52] {Threei} take care les, fern

[15:54] {Threei} interesting day

[15:54] {Threei} quite mellow but very nicely profitable

[15:54] {Threei} thank you all, have a nice evening

[15:54] {Threei} see you tomorrow

[15:54] {dino} gj fern, cya

[15:55] {patience} see you vad, one trade for me today....some days you just sit and wait

[15:55] {Threei} as long as it's winning trade...

[15:56] {patience} remains to be seen, stop hasn't been hit yet

[15:56] {dino} ndx, s/p gaps filled from 12-09

[15:58] {dino} out rino .99, +.04

[15:59] {dino} thx all ok day

[16:02] {Threei} ORCL Reports Q2 $0.39 v $0.36e, R$5.9B v $5.7Be

[16:06] {Threei} RIMM Reports Q3 $1.10 v $1.04e, R$3.92B v $3.8Be

[16:11] {Threei} mags, got any of them?

[16:11] {Threei} your style moves