Dec 28 2009
Volume is almost non-existent - about 50% of average for the last three months. Search for the plays is like extracting teeth, but those we do find are profitable.
Session Time: Mon Dec 28 00:00:00 2009
[08:48] {nemo} Mmmmhhh....well...know who the trade-aholics are
[08:48] {Threei} hah... you should see them on Fri
[08:49] {nemo} you mean, Thursday?
[08:49] {Threei} yeah
[08:49] {Threei} you'd think it was last oppotrunity to trade
[08:50] {Threei} I swear some stocks were traded by this room members only
[08:50] {nemo} given I needed a magnifying glass to see the volume numbers, you might be right
[08:50] {strider} Well, we made money on them. somehow.
[08:50] {Threei} yeah, that's the amazing part
[08:51] {Threei} strider, magoo and fern being the only traders in some name - and all three making money
[08:51] {nemo} ecn rebates
[08:51] {Threei} lol
[08:52] {nemo} quite the markeups this morning...fcx..aig...tck
[08:53] {strider} Wait till nemo checks his account....we were using the patented "nemo-auto-fade" feature of Laser.
[08:53] {Threei} lol
[08:53] {nemo} which is...???
[08:54] {strider} if I told you any more, I'd have to kill you.
[08:54] {Threei} he doesn't have this button sdtrider
[08:54] {nemo} not necessarily a good bet on your part
[08:54] {strider} Or maye, you'd kill me.
[08:54] {Threei} it was enabled for everyone but the one whose name is on it
[08:54] {strider} yeah.
[08:55] {strider} Nemo...at least your get some ECN credit, for adding liquidity.
[08:56] {nemo} ty
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {nemo} Hola
[08:56] {dino} gm all
[08:57] {Threei} dino :)
[08:58] {strider} morning everyone.
[09:03] {Les} morning
[09:03] {nemo} for you or us Les?
[09:03] {Threei} morning les
[09:03] {Les} when in rome nemo, when in rome...
[09:11] {ese} good morning......
[09:11] {Threei} ese :)
[09:11] {Les} hi ese
[09:12] {nemo} dude
[09:14] {ese} dude
[09:14] {ese} les
[09:14] {Threei} my daughter was lucky enough to have her long-planned trip starting today,m with first leg to USA...
[09:18] {strider} going with a big group, vad?
[09:18] {Threei} no, a few friends
[09:19] {Threei} Thailand and Japab
[09:19] {Threei} Japan
[09:19] {strider} wow.
[09:20] {Threei} good thing we talked yesterday
[09:20] {Threei} asking her whan she plans to be at airport,
[09:20] {Threei} she says, well, about an hour and half before departure
[09:21] {Threei} turns out, they don't watch TV for the last few days and have no sligtest idfea of latest scares
[09:22] {lasertrev} gm
[09:22] {Threei} trev :)
[09:22] {magoo} morning, hope u all had a merry
[09:22] {Threei} hey mags
[09:22] {Threei} sure did
[09:22] {Threei} you?
[09:28] {strider} see anything moving?
[09:29] {nemo} fcx and aig moved quite a bit this morning
[09:29] {Threei} a lot of things do
[09:29] {dino} asia, cgen, fcx
[09:29] {dino} pot
[09:30] {Les} AA a little weaker, but showing similar behaviour to fcx
[09:30] {Threei} CGEN Discovers drug target for treatment of epithelial tumors
[09:30] {Les} look at X
[09:31] {Threei} NLST wakes up again maybe
[09:31] {Threei} CGEN pullback, watching
[09:33] {Threei} Long Setup: CGEN .60 break
[09:33] {Threei} if stays above ,50
[09:33] {Threei} 1:1 half out
[09:33] {fernp} missed here
[09:33] {Threei} scalpers are scalpers
[09:33] {ese} missed
[09:34] {nemo} me too
[09:34] {Threei} noone?
[09:34] {Threei} it was available at .61...
[09:34] {Les} no excuses, you gave plenty of time...
[09:34] {nemo} by the time I got it on screen it was gone
[09:35] {nemo} scalpers win
[09:35] {Threei} wow... 2 min since I said watcvhing
[09:36] {Les} was fiddling with charts. Not used to jumping straight out of the starting gates
[09:37] {ese} was watching something else.......tune in when it was .69
[09:37] {Les} X pullback?
[09:38] {ese} sndk continues meteoric rise......very interesting that
[09:38] {Threei} X, .80 support
[09:38] {ese} don't see many daily charts like that
[09:38] {Threei} trigger is not very clear, maybe .96
[09:39] {dino} osis
[09:39] {fernp} QGEN if breaks .50, Vad?
[09:40] {Threei} if holding .45
[09:40] {Threei} don't count on much with thisd one
[09:40] {Threei} water torture type
[09:40] {fernp} ok
[09:41] {dino} aixg
[09:42] {Threei} AIG
[09:42] {Threei} tries to turn into momo
[09:43] {Les} GOOG
[09:43] {Threei} Long Setup: AIG .05 half lot
[09:43] {magoo} in
[09:43] {Threei} if stays above .90
[09:43] {magoo} .60
[09:44] {Threei} if works, target about .40 - .50
[09:44] {Threei} ok, doesn't work
[09:45] {magoo} i like yout targeyt
[09:45] {Les} FCX .80 b/d if a few minutes consolidation occurs Vad?
[09:45] {fernp} QGEN 1:1
[09:46] {Threei} sure
[09:46] {Threei} FCX looks encouraging
[09:46] {Threei} GLD breaks down
[09:46] {Threei} here is bounce to see the resistance
[09:46] {Threei} or to hunt for aggressive entry
[09:47] {Threei} mags, you have target reached
[09:47] {Threei} on AIG
[09:48] {magoo} out .49 TY
[09:48] {Threei} wtg
[09:48] {Threei} 90 cents
[09:48] {magoo} + alot
[09:48] {Threei} nice play
[09:49] {Les} merry christmas
[09:49] {Threei} lol fern, you managed to squeeze that one
[09:50] {fernp} yeah. ty for your indications
[09:51] {Threei} anyone went for ahressive FCX?
[09:51] {Les} in .90
[09:51] {Threei} okay, stop just above 83 then
[09:51] {strider} short or long?
[09:51] {Les} short
[09:51] {Les} GLD dropping
[09:51] {Threei} if it loses .80, cover half into sharp drop
[09:51] {Les} scalp or more Vad?
[09:52] {Les} sorry
[09:52] {Threei} I'd try for more but with pasrtiasls
[09:52] {Threei} partials
[09:52] {Threei} grrr... new keyboard... likerly to introduce even worse typing
[09:52] {Les} we can take it
[09:52] {Threei} (if that's even possible)
[09:52] {magoo} aig read vad, bounce if holds 32?
[09:53] {ese} dino ....whacha thinkin with osis
[09:53] {fernp} HIG breakout, Vad?
[09:53] {Threei} too far in advance mags
[09:53] {dino} sm s asei .86
[09:53] {Threei} gotta see how it behaves if it gets there
[09:53] {Threei} HIG yes
[09:53] {magoo} lets watch it ok?
[09:54] {magoo} might be the day for it
[09:54] {Les} GLD testing 50 ma support
[09:55] {dino} asei stopped
[09:56] {Threei} cover half here les
[09:56] {Les} .75 ty
[09:56] {Threei} fern, HIG starts looking salmonish
[09:57] {Threei} if works, can be a nice climber
[09:57] {magoo} hig long trigger?missed call
[09:57] {Threei} .90 support mags
[09:58] {Threei} fairly close to it
[09:58] {fernp} im long from .97 if breaks 24 i'll add some more shares
[09:58] {Threei} buy first strength
[09:58] {Threei} les, 1/4 more
[09:58] {Threei} right here
[09:59] {Les} sorry, all out. only 200 shares in total
[09:59] {Threei} ok
[09:59] {Threei} anyone has a bit more and needs comnmentary?
[10:01] {fernp} WFC breakdown, Vad?
[10:03] {strider} NLST
[10:03] {Threei} hmmm
[10:03] {Threei} not sure fern
[10:06] {Threei} mags
[10:06] {Threei} AIG
[10:06] {Threei} stop under 24
[10:06] {Threei} entry as close to it as you can get
[10:06] {Les} l HIG .03
[10:07] {Threei} HIG acts as salmon
[10:07] {Threei} a bit high entry Les
[10:07] {strider} long HIG from .98
[10:07] {Les} so take scalp only?
[10:08] {strider} L NLST from .79
[10:08] {Threei} it's capable of more than that...
[10:08] {Threei} just not fond of this kind of entries
[10:10] {dino} par
[10:11] {nemo} rimm vad
[10:12] {Threei} not sure about play on it
[10:12] {Threei} feels long to me
[10:12] {Threei} but no clear setup
[10:14] {Les} any news that is annoying market?
[10:14] {fernp} AEO, Vad? I don't know how this one trades, valid breakout?
[10:14] {Threei} no news
[10:14] {fernp} is holding in highs while SPY is dropping
[10:15] {Threei} should be good for a scalp fern
[10:15] {fernp} ty
[10:15] {dino} aixg capit?
[10:16] {Threei} doesn't look ready for bounce to me, dino
[10:16] {Threei} more downside most likely
[10:17] {strider} stop NLST -.10
[10:17] {fernp} WFC still on lows
[10:18] {dino} feeling .35ish
[10:24] {Threei} HIG lost support
[10:24] {strider} stop HIG
[10:26] {fernp} i took my 1:1 on HIG w/my first entry, and stopped with the second one
[10:26] {Threei} half pon 1:1 and stopped second half, so the same washout
[10:27] {fernp} shorted WFC .88
[10:27] {fernp} my 1:1 is almost here..
[10:29] {ese} anyone else waiting or cgen to bottom out
[10:31] {dino} aixg hl l .05, stop lod
[10:35] {fernp} AEO is breaking now... not sure what to do, SPY is falling
[10:37] {dino} alny wakey
[10:37] {strider} hmmm..
[10:38] {fernp} FAZ breakout?
[10:38] {Threei} only if pulls back first
[10:39] {Threei} and holding this .87 - .90 area
[10:41] {Threei} GLD, want long with target around .35, and don't want to buy break
[10:41] {Threei} so, my way to trade it here would be:
[10:41] {Threei} ignore .20 break,
[10:41] {Threei} but if it pulls back into .10 area, I anm interested
[10:42] {Threei} with stop/invaliadting level 108
[10:43] {Threei} come on GLD, show your treacherous charatcter: drop shareply shaking out .20 break buyers, and let us in on that shakeout
[10:44] {Les} 50 and 200 ma converging at .25
[10:44] {Threei} typing gods will never forgive me for what I do to English...
[10:46] {Les} did you buy Vad?
[10:47] {Threei} no, was waiting couple cents lower
[10:48] {Threei} I want a brief dive under .10, holding above 108 and recross of .10 as entry signsl
[10:49] {Threei} even if it doesn't let us in, I am pretty staisfied with read itself
[10:49] {Threei} getting closer to decoding the ways GLD eliminates too straightforward traders
[10:52] {fernp} AEO 1:1 but i didn't take the trade. too much thinking. grrrr
[10:53] {Threei} Long Setup: AIG .10 break
[10:53] {Threei} stop under 32
[10:53] {ese} l cgen .41
[10:56] {ese} you refering to me vad
[10:56] {Threei} I am?
[10:56] {ese} .30
[10:58] {strider} out 1/2 AIG
[10:58] {Threei} AIG 1:1
[10:58] {Les} out ty
[10:58] {Threei} strider, stop to under .10 for the balance
[10:58] {magoo} AIG seems or feekls like alot more..not in tho
[10:58] {strider} thx
[10:59] {strider} out -.01
[10:59] {Threei} could be mags... but this is AIG... I better let ther balance to get shaken out than get stuck
[10:59] {magoo} agree..its been a disappointer orf late
[10:59] {strider} like that.
[10:59] {Threei} downdraft on it can be devastating
[11:00] {Threei} and don't forget, we are still in holiday mode
[11:00] {fernp} HIG again breaking 24
[11:00] {ese} l cgen avg .39
[11:00] {Threei} short week and all that crap
[11:01] {Les} GLD still in play Vad?
[11:01] {Threei} can't tewll, it kind of lost its rythm
[11:01] {nemo} may be DT on Rimm
[11:01] {dino} jst
[11:01] {Threei} first drop looked good, second is questionable
[11:02] {Threei} hmmm
[11:02] {ese} cgen stop .33
[11:03] {Threei} why not C&H on RIMM nemo?
[11:03] {Threei} .45 break
[11:03] {Threei} if holdong .30 -.45
[11:03] {Threei} .30 - .35
[11:03] {nemo} could be one of those switchitters
[11:04] {Threei} yeah
[11:04] {nemo} your handle is small too
[11:04] {fernp} gonna try again HIG
[11:05] {Threei} big offer at .45
[11:05] {Threei} reinforces setup
[11:05] {nemo} oy vay
[11:05] {ese} out cgen .49 +.10
[11:05] {Threei} wtg
[11:06] {ese} worked well...kept partially out 4k avgeraged it out at .49
[11:07] {ese} actually .487623 to be exact
[11:07] {Threei} invalidated RIMM
[11:07] {nemo} the long anyway
[11:07] {Threei} right
[11:08] {Threei} too bad, that break would have been a beauty
[11:10] {nemo} RIMM again
[11:10] {fernp} DBA, Vad?
[11:10] {Threei} need pullback for re-validation
[11:10] {Threei} RIUMM
[11:10] {nemo} or, tht big order be taken out
[11:11] {Threei} DBA, CAN'T TELL
[11:11] {Threei} too narrow for my taste'
[11:12] {fernp} ty
[11:12] {Les} FCX?
[11:13] {magoo} [11:11] {&Threei} RIUMM
[11:13] {magoo} [11:12] {&Threei} too narrow for my taste'
[11:13] {magoo} whats on your mind
[11:13] {Les} .80 break looking good?
[11:14] {fernp} that was for DBA, mags
[11:14] {magoo} RUM
[11:14] {Threei} probably Les
[11:18] {magoo} gld was invalid?
[11:19] {Threei} I wasn't delighted
[11:19] {magoo} ya ya
[11:19] {Threei} it more or less worked in the end but preety much crapshoot, really
[11:19] {magoo} in my best leonardo dicapr voice from movie blood diamond
[11:20] {nemo} he was good in Body Of Lies also
[11:20] {fernp} NRG breakdown, Vad?
[11:21] {Les} outta here. night all.
[11:22] {fernp} bye Les
[11:22] {Threei} take care Les
[11:23] {Threei} so slow, fern...
[11:23] {Threei} things stalled
[11:24] {Threei} let's look at some postcard-type photos in fresh upload at http://www.realitytrader.com/photography/
[11:24] {fernp} yeah, shorted .39 i'll take a scalp (if I can) :-)
[11:27] {fernp} your city seems very european
[11:27] {fernp} beatiful heavens in all pics
[11:27] {Threei} yeah, prides itself ion being more British than Britain
[11:29] {fernp} such buildings are the typical you can find over here
[11:34] {nemo} rimm broke .45 another huge orer at .50
[11:34] {Threei} break on such vertical spike... nah
[11:35] {nemo} chewed right through
[11:38] {fernp} 1:1 NRG +.05
[11:42] {nemo} rimm break .60 stop under .50 look at order at .60
[11:51] {fernp} NVDA breakdown, Vad?
[11:51] {Threei} worth a try
[11:52] {fernp} ty
[11:52] {Threei} just a scalp
[11:52] {Threei} unless market starts dropping like tomorrow never comes
[11:52] {fernp} ok. i'll scalp it :-)
[11:53] {strider} aggressive entry make sense here, NVDA?
[11:53] {Threei} yeah, and if tomorrow never comes - what good those excessive profits are for you anyway
[11:53] {Threei} no strider
[11:53] {Threei} RIMM looks at that .60 with childish curiosity
[11:54] {fernp} daily seems ready for a pullback
[11:54] {nemo} on what fern?
[11:54] {fernp} NVDA
[11:54] {fernp} QGEN strong
[11:57] {Threei} NVDA shapes up nicely
[11:57] {strider} break of .74?
[11:57] {Threei} yes
[11:58] {nemo} cat vad, maybe short, I've got .45 as important but pivot is .38
[12:01] {Threei} .45 break I'd do
[12:02] {strider} stop?
[12:02] {Threei} .50 or .55, both are valid
[12:02] {nemo} .50 probably
[12:02] {strider} k
[12:09] {nemo} cat the frickin' fandancer
[12:10] {strider} in .44
[12:10] {strider} there's the big bid on NVDA
[12:11] {strider} .77
[12:15] {Threei} RIMM is trying to reinvalidate again
[12:17] {Threei} Long Setup: RIMM .60 break
[12:18] {Threei} stop under .50 for scalpers
[12:18] {Threei} .45 for day traders
[12:18] {Threei} 1:1
[12:19] {Threei} unstoppable RIMM
[12:19] {Threei} 'can you hold the moonbeam in your hand"...
[12:19] {Threei} never mind... wife was watching Sounds of Music yesterday when I carelessly wandered in the room
[12:19] {nemo} DF
[12:19] {Threei} it's quite a trauma for my impressionable soul
[12:20] {nemo} anyway,,,,I'm off to try and kill something...this day has been a CF!
[12:20] {dino} gl
[12:20] {nemo} ty
[12:20] {Threei} kill my portion too wioll ya
[12:21] {magoo} what CF?
[12:21] {Threei} or df
[12:22] {Threei} but, you know... when it comes to nemo I gave up on decoding
[12:22] {Threei} not only because it's challenging
[12:22] {Threei} but mostly because in most cases I don't want to know the answer
[12:24] {strider} CAT
[12:25] {Threei} makes huge prgress, doesn't it
[12:26] {strider} not much spring in its step.
[12:26] {strider} which is a good thing.
[12:26] {Threei} well, it's cat... it's prowling
[12:28] {strider} Is RIMM a long here?
[12:28] {strider} was
[12:29] {Threei} why here
[12:29] {Threei} it was long at .60
[12:29] {strider} there was some consolidation at .72, 2nd test of high.
[12:30] {Threei} if you wanted it for bigger trade, you'd simply enter it with stop .45, and have 1:2
[12:31] {strider} well, it jumped fast from .60....coudn't get in.
[12:31] {Threei} I see
[12:31] {Threei} it was a "hover" type of entry
[12:31] {strider} I was hovering .)
[12:31] {Threei} lol
[12:32] {Threei} unhovered too late then :)
[12:32] {Threei} usually, when hovering,
[12:32] {Threei} you don't wait for actual break
[12:32] {Threei} you want to gran last shares of big order
[12:32] {Threei} so you lwet go when it scrolls fast
[12:35] {strider} CAT looking like a dbl bottom
[12:37] {ese} dino.....anything on your radar
[12:39] {dino} just took fsys l
[12:39] {dino} .04 ave
[12:40] {ese} seems to me that every year at this time.....no matter what i look at ....it just doesn't look good
[12:40] {dino} osis watching for s
[12:40] {dino} tlcr?
[12:40] {ese} tks
[12:41] {fernp} USB rocketing
[12:41] {ese} was watching osis for a while......did nothing for me
[12:43] {dino} gut feels spike and drop remaining in osis
[12:44] {strider} what's your stop, CAT, vad?
[12:44] {Threei} at this point just above .50
[12:44] {Threei} no two options anymore
[12:44] {ese} hmmmmmmm that sounds like a plan dino....spike to 25
[12:45] {Threei} as they used to say in USSR, we have pluralism of opinions, and there is no another way about it
[12:45] {strider} haha
[12:46] {dino} lol es waiting at .22
[12:51] {strider} CAT 28 cent range so far.
[12:52] {fernp} MGM on lows
[12:53] {magoo} RIMM went big
[12:53] {dino} calm
[12:53] {magoo} i am
[12:54] {fernp} NVDA again interesting
[12:56] {dino} lol just read that
[12:56] {fernp} MGM breaking down
[12:57] {strider} OK...CAT's turned into a guitar stock.
[12:57] {ese} l akam sm.99
[12:58] {ese} stop .80
[13:01] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.089%; BID-TO-COVER RATIO: 2.91 V 3.16 PRIOR AND 2.96 AVE OVER LAST 10 AUCTIONS
[13:01] {Threei} - indirect bidders take 34.8% of competitive bids with 59.68% alotted at the high
[13:02] {Threei} where is nemo... I need translation of this
[13:02] {fernp} AMGN .70 break, Vad?
[13:02] {Threei} chart's right
[13:03] {ese} ok am likin the looks of akam .......increased size to 1/2 lot
[13:04] {dino} rino l .25
[13:05] {fernp} shorting NVDA .75
[13:06] {Threei} nice
[13:07] {ese} l akam to full lot still .99 stop .89
[13:08] {ese} lots of selling at .00 this should be interesting
[13:08] {dino} reit's moving
[13:09] {strider} sure is a lot of AKAM for sale at 26.
[13:10] {ese} i'll say
[13:11] {ese} gambling on the break here
[13:11] {strider} lightening up on CAT....this is ridiculous.
[13:12] {Threei} welcome to holiday trading
[13:12] {strider} I thought I was supposed to get PRESENTS this week.
[13:18] {Threei} this?
[13:18] {Threei} last week was Chritmas... what is it this week, Festivus?
[13:18] {strider} well, don't forget the rest of us.
[13:19] {Threei} Chanukah was even earlier
[13:19] {Threei} Festivus is the only one I can think of
[13:20] {strider} hey, we got a new low, CAT
[13:21] {Threei} I was afraid to mention
[13:24] {fernp} SEED is sitting on lows with a nice daily for a short
[13:24] {Threei} fern... you are distracting us from dying of boredom obderving CAT
[13:25] {fernp} sorry, i am also short in CAT from .44
[13:25] {Threei} wow... you mean you arre not bored enough by CAT and want to add SEED??
[13:26] {strider} Well, pay attention, then, fern!
[13:26] {Threei} you just love pain and suffering, don't you?
[13:27] {fernp} you know what? i am also short MGM from .39 and long AMGN from . 71
[13:27] {Threei} ok... you do love pain and suffering
[13:27] {fernp} :-) i have to talk with my wife
[13:27] {Threei} shut up nemo
[13:28] {Threei} even though you are not here...
[13:28] {Threei} this is too much even for your being here in spirit, so shut up
[13:30] {strider} had it with CAT, I'm out.
[13:30] {ese} out akam .94 -.05
[13:31] {ese} gotta go all...catch you tomorow
[13:31] {Threei} take care ese
[13:31] {strider} of course.
[13:31] {fernp} bye ese
[13:31] {Threei} mama mia... CAT is 1:1... I didn't think I'd live long enough to see that
[13:31] {strider} was just waiting for me to bail.
[13:31] {magoo} dont recall cat bbeing such a slug
[13:32] {Threei} no traders
[13:32] {Threei} holiday week
[13:32] {Threei} look at volume
[13:32] {magoo} read AIG? juast started move
[13:32] {Threei} Encryption expert deciphered and published code that protects cellphone calls-NY Times
[13:32] {Threei} - The action by the encryption expert Karsten Nohl aimed to question the effectiveness of the 21-year-old GSM algorithm, a code developed in 1988 and still used to protect the privacy of 80 percent of the world's mobile calls.
[13:33] {fernp} out MGM +.06
[13:34] {Threei} no way really to tell whether it's a startiung move or just accidenatl convulsion during deep sleep, mags
[13:35] {Threei} take a look at volumes at noon:
[13:35] {Threei} Market Internals update at 12:00pmET
[13:35] {Threei} - NYSE volume 240M shares, about 48% below its three-month average; advancers and decliners are about even.
[13:35] {Threei} - NASDAQ volume 520M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.
[13:35] {Threei} lol
[13:39] {dino} wow
[13:46] {fernp} AMGN no go
[14:03] {Threei} wow
[14:03] {Threei} fern
[14:03] {Threei} your SEED works
[14:03] {fernp} yes
[14:05] {fernp} but i only took +.05 on it (my initial risk)
[14:05] {Threei} Fed proposes amendments to Reserve Requirements for Deposit institutions; allows establishment of term deposit facility; with no implications on monetary policy decisions in short term
[14:05] {Threei} - term deposit maturities will not exceed 1 year's time; with most likely maturity at 1-6 months
[14:05] {Threei} - Federal Reserve Banks would offer interest-bearing term deposits to eligible institutions through an auction mechanism. Term deposits would be one of several tools that the Federal Reserve could employ to drain reserves
[14:06] {fernp} i also shorted INTC at .30 (my 1:1 is here)
[14:06] {Threei} market really disliked this
[14:06] {Threei} Fed worked for you
[14:06] {Threei} (for once)
[14:06] {fernp} lol
[14:07] {Threei} volume update, don't look now:
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 340M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 760M shares, about 45% below its three-month average; decliners lead advancers by 1.2:1.
[14:07] {Threei} 50%
[14:07] {Threei} I don't think I've seen this, ever
[14:09] {fernp} hey!!! thaks FED, +.08 INTC
[14:11] {Threei} lol
[14:12] {dino} gj
[14:17] {fernp} AEO ignores market. still on highs. and... if I hold some shares overnight? Am I crazy?
[14:17] {Threei} yes
[14:17] {Threei} but the real question is,
[14:17] {Threei} will it stop you from doing that?
[14:18] {fernp} good question
[14:21] {Threei} White House: President Obama to speak later today with regards to the terrorist attack attempted on Christmas day
[14:21] {Threei} - separately, in the last few minutes an Al-Qaeda faction claimed responsibility for the attempted attack on a US airliner, calling it a retaliation for US attacks in Yemen.
[14:21] {Threei} - reminder: over the weekend, the Nigeria man who attempted to set off an explosive device in a Northwest airliner was reported to have ties to Al-Qaeda.
[14:28] {fernp} looking at airlines, CAL and DAL could be fine for a scalp if break lod
[15:00] {fernp} .
[15:01] {Threei} Prez on TV
[15:11] {magoo} :(
[15:12] {Threei} ?
[15:14] {Threei} CGEN woke up
[15:15] {Threei} let's see if we get a pullback under .30
[15:16] {Threei} CGEN Update: Price target raised to $12 at Cantor Fitzgerald, maintains Buy rating
[15:16] {Threei} wow
[15:16] {Threei} let's keep it as a gap candidate
[15:17] {Threei} this is something very likely to attract attention overnight
[15:18] {Threei} Barton Biggs: USD could rise 10%; feels USD is undervalued vs the Euro (related EUR/USD )
[15:28] {Threei} a bit more on CGEN so you could make up your mind:
[15:28] {Threei} Price target raised 60% to $12 from $5 at Cantor Fitzgerald, maintains Buy rating
[15:28] {Threei} - Firm believes Roche's acquisition of two early stage assets, Alnylam's European RNAi development operations for $300M plus the RNAi delivery company, Mirus, for $125M for a total of $425M provide a good comparitor for Compugen due to the early development stage and long-term value its technology is expected to have for pharmas and diagnostic companies.
[15:30] {strider} long from 5.40 for overnight
[15:31] {fernp} I was long from .46 and sold .61
[15:32] {Threei} don't want to suggest it for right now strider, but something to consider in the future in this kind of situastion:
[15:32] {Threei} umbrella trade,
[15:32] {Threei} get double lot,
[15:32] {Threei} scalp one
[15:32] {Threei} hold another
[15:32] {strider} good idea.
[15:33] {Threei} review umbreall concept in scalping video course
[15:33] {Threei} it's exactly the situation to apply it
[15:33] {strider} In this case, I bought in another acct.
[15:34] {strider} NOt ready to hold overnight in daytrading acct.
[15:35] {fernp} me too, I use another account for overnight. holding AEO. let's see if opens with gap
[15:43] {Threei} EUR/USD CFTC: speculators have gone long the USD for the first time since May (update)
[15:44] {Threei} CFTC claims to know what side "speculators" take?
[15:44] {Threei} and just who is on another side?
[15:44] {Threei} not other speculators?
[15:44] {magoo} anti-speculators
[15:44] {Threei} sigh
[15:44] {Threei} idiocy reigns
[15:48] {dino} lol
[15:50] {Threei} I played CGEN half right
[15:50] {Threei} took double lot, that was fine,
[15:51] {Threei} sold one at .57, fine,
[15:51] {strider} not lookong too strong right now.
[15:51] {Threei} but then should have sold half lot more over .60, to replace it on pullback
[15:52] {strider} you think it's still a valid overnight?
[15:52] {Threei} it's those who don't want overnight exiting, strider
[15:52] {Threei} what changed?
[15:52] {strider} didn't run up to the high.
[15:53] {Threei} look at it from the p;oint of view of reason foer the gap
[15:53] {Threei} for those who see it after coming back home
[15:53] {strider} It's been gapping for 3 days.
[15:54] {Threei} 52 week high, news, upgrade by solid house with insane target
[15:54] {Threei} today's nwews come on the heel of the one a few days ago
[15:54] {Threei} altogether creates this "things are happening for this company" feeling for our beloved overnight buyers
[15:55] {Threei} normally this is what I want to see to buy for a gap
[15:55] {strider} ok
[15:55] {Threei} hey, I am not convincing you
[15:55] {Threei} overnight is totally discretionary
[15:55] {strider} I understand:)
[15:55] {Threei} just expressing my own approacvh
[15:56] {Threei} but risk tolerance is different
[15:56] {Threei} so....
[15:58] {fernp} AEO ending on highs holding 500 for tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {lasertrev} see ya Vad
[16:00] {fernp} AEO nice daily too, maybe screeners will spit AEO like breakout play. Let's see
Session Time: Mon Dec 28 00:00:00 2009
[08:48] {nemo} Mmmmhhh....well...know who the trade-aholics are
[08:48] {Threei} hah... you should see them on Fri
[08:49] {nemo} you mean, Thursday?
[08:49] {Threei} yeah
[08:49] {Threei} you'd think it was last oppotrunity to trade
[08:50] {Threei} I swear some stocks were traded by this room members only
[08:50] {nemo} given I needed a magnifying glass to see the volume numbers, you might be right
[08:50] {strider} Well, we made money on them. somehow.
[08:50] {Threei} yeah, that's the amazing part
[08:51] {Threei} strider, magoo and fern being the only traders in some name - and all three making money
[08:51] {nemo} ecn rebates
[08:51] {Threei} lol
[08:52] {nemo} quite the markeups this morning...fcx..aig...tck
[08:53] {strider} Wait till nemo checks his account....we were using the patented "nemo-auto-fade" feature of Laser.
[08:53] {Threei} lol
[08:53] {nemo} which is...???
[08:54] {strider} if I told you any more, I'd have to kill you.
[08:54] {Threei} he doesn't have this button sdtrider
[08:54] {nemo} not necessarily a good bet on your part
[08:54] {strider} Or maye, you'd kill me.
[08:54] {Threei} it was enabled for everyone but the one whose name is on it
[08:54] {strider} yeah.
[08:55] {strider} Nemo...at least your get some ECN credit, for adding liquidity.
[08:56] {nemo} ty
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {nemo} Hola
[08:56] {dino} gm all
[08:57] {Threei} dino :)
[08:58] {strider} morning everyone.
[09:03] {Les} morning
[09:03] {nemo} for you or us Les?
[09:03] {Threei} morning les
[09:03] {Les} when in rome nemo, when in rome...
[09:11] {ese} good morning......
[09:11] {Threei} ese :)
[09:11] {Les} hi ese
[09:12] {nemo} dude
[09:14] {ese} dude
[09:14] {ese} les
[09:14] {Threei} my daughter was lucky enough to have her long-planned trip starting today,m with first leg to USA...
[09:18] {strider} going with a big group, vad?
[09:18] {Threei} no, a few friends
[09:19] {Threei} Thailand and Japab
[09:19] {Threei} Japan
[09:19] {strider} wow.
[09:20] {Threei} good thing we talked yesterday
[09:20] {Threei} asking her whan she plans to be at airport,
[09:20] {Threei} she says, well, about an hour and half before departure
[09:21] {Threei} turns out, they don't watch TV for the last few days and have no sligtest idfea of latest scares
[09:22] {lasertrev} gm
[09:22] {Threei} trev :)
[09:22] {magoo} morning, hope u all had a merry
[09:22] {Threei} hey mags
[09:22] {Threei} sure did
[09:22] {Threei} you?
[09:28] {strider} see anything moving?
[09:29] {nemo} fcx and aig moved quite a bit this morning
[09:29] {Threei} a lot of things do
[09:29] {dino} asia, cgen, fcx
[09:29] {dino} pot
[09:30] {Les} AA a little weaker, but showing similar behaviour to fcx
[09:30] {Threei} CGEN Discovers drug target for treatment of epithelial tumors
[09:30] {Les} look at X
[09:31] {Threei} NLST wakes up again maybe
[09:31] {Threei} CGEN pullback, watching
[09:33] {Threei} Long Setup: CGEN .60 break
[09:33] {Threei} if stays above ,50
[09:33] {Threei} 1:1 half out
[09:33] {fernp} missed here
[09:33] {Threei} scalpers are scalpers
[09:33] {ese} missed
[09:34] {nemo} me too
[09:34] {Threei} noone?
[09:34] {Threei} it was available at .61...
[09:34] {Les} no excuses, you gave plenty of time...
[09:34] {nemo} by the time I got it on screen it was gone
[09:35] {nemo} scalpers win
[09:35] {Threei} wow... 2 min since I said watcvhing
[09:36] {Les} was fiddling with charts. Not used to jumping straight out of the starting gates
[09:37] {ese} was watching something else.......tune in when it was .69
[09:37] {Les} X pullback?
[09:38] {ese} sndk continues meteoric rise......very interesting that
[09:38] {Threei} X, .80 support
[09:38] {ese} don't see many daily charts like that
[09:38] {Threei} trigger is not very clear, maybe .96
[09:39] {dino} osis
[09:39] {fernp} QGEN if breaks .50, Vad?
[09:40] {Threei} if holding .45
[09:40] {Threei} don't count on much with thisd one
[09:40] {Threei} water torture type
[09:40] {fernp} ok
[09:41] {dino} aixg
[09:42] {Threei} AIG
[09:42] {Threei} tries to turn into momo
[09:43] {Les} GOOG
[09:43] {Threei} Long Setup: AIG .05 half lot
[09:43] {magoo} in
[09:43] {Threei} if stays above .90
[09:43] {magoo} .60
[09:44] {Threei} if works, target about .40 - .50
[09:44] {Threei} ok, doesn't work
[09:45] {magoo} i like yout targeyt
[09:45] {Les} FCX .80 b/d if a few minutes consolidation occurs Vad?
[09:45] {fernp} QGEN 1:1
[09:46] {Threei} sure
[09:46] {Threei} FCX looks encouraging
[09:46] {Threei} GLD breaks down
[09:46] {Threei} here is bounce to see the resistance
[09:46] {Threei} or to hunt for aggressive entry
[09:47] {Threei} mags, you have target reached
[09:47] {Threei} on AIG
[09:48] {magoo} out .49 TY
[09:48] {Threei} wtg
[09:48] {Threei} 90 cents
[09:48] {magoo} + alot
[09:48] {Threei} nice play
[09:49] {Les} merry christmas
[09:49] {Threei} lol fern, you managed to squeeze that one
[09:50] {fernp} yeah. ty for your indications
[09:51] {Threei} anyone went for ahressive FCX?
[09:51] {Les} in .90
[09:51] {Threei} okay, stop just above 83 then
[09:51] {strider} short or long?
[09:51] {Les} short
[09:51] {Les} GLD dropping
[09:51] {Threei} if it loses .80, cover half into sharp drop
[09:51] {Les} scalp or more Vad?
[09:52] {Les} sorry
[09:52] {Threei} I'd try for more but with pasrtiasls
[09:52] {Threei} partials
[09:52] {Threei} grrr... new keyboard... likerly to introduce even worse typing
[09:52] {Les} we can take it
[09:52] {Threei} (if that's even possible)
[09:52] {magoo} aig read vad, bounce if holds 32?
[09:53] {ese} dino ....whacha thinkin with osis
[09:53] {fernp} HIG breakout, Vad?
[09:53] {Threei} too far in advance mags
[09:53] {dino} sm s asei .86
[09:53] {Threei} gotta see how it behaves if it gets there
[09:53] {Threei} HIG yes
[09:53] {magoo} lets watch it ok?
[09:54] {magoo} might be the day for it
[09:54] {Les} GLD testing 50 ma support
[09:55] {dino} asei stopped
[09:56] {Threei} cover half here les
[09:56] {Les} .75 ty
[09:56] {Threei} fern, HIG starts looking salmonish
[09:57] {Threei} if works, can be a nice climber
[09:57] {magoo} hig long trigger?missed call
[09:57] {Threei} .90 support mags
[09:58] {Threei} fairly close to it
[09:58] {fernp} im long from .97 if breaks 24 i'll add some more shares
[09:58] {Threei} buy first strength
[09:58] {Threei} les, 1/4 more
[09:58] {Threei} right here
[09:59] {Les} sorry, all out. only 200 shares in total
[09:59] {Threei} ok
[09:59] {Threei} anyone has a bit more and needs comnmentary?
[10:01] {fernp} WFC breakdown, Vad?
[10:03] {strider} NLST
[10:03] {Threei} hmmm
[10:03] {Threei} not sure fern
[10:06] {Threei} mags
[10:06] {Threei} AIG
[10:06] {Threei} stop under 24
[10:06] {Threei} entry as close to it as you can get
[10:06] {Les} l HIG .03
[10:07] {Threei} HIG acts as salmon
[10:07] {Threei} a bit high entry Les
[10:07] {strider} long HIG from .98
[10:07] {Les} so take scalp only?
[10:08] {strider} L NLST from .79
[10:08] {Threei} it's capable of more than that...
[10:08] {Threei} just not fond of this kind of entries
[10:10] {dino} par
[10:11] {nemo} rimm vad
[10:12] {Threei} not sure about play on it
[10:12] {Threei} feels long to me
[10:12] {Threei} but no clear setup
[10:14] {Les} any news that is annoying market?
[10:14] {fernp} AEO, Vad? I don't know how this one trades, valid breakout?
[10:14] {Threei} no news
[10:14] {fernp} is holding in highs while SPY is dropping
[10:15] {Threei} should be good for a scalp fern
[10:15] {fernp} ty
[10:15] {dino} aixg capit?
[10:16] {Threei} doesn't look ready for bounce to me, dino
[10:16] {Threei} more downside most likely
[10:17] {strider} stop NLST -.10
[10:17] {fernp} WFC still on lows
[10:18] {dino} feeling .35ish
[10:24] {Threei} HIG lost support
[10:24] {strider} stop HIG
[10:26] {fernp} i took my 1:1 on HIG w/my first entry, and stopped with the second one
[10:26] {Threei} half pon 1:1 and stopped second half, so the same washout
[10:27] {fernp} shorted WFC .88
[10:27] {fernp} my 1:1 is almost here..
[10:29] {ese} anyone else waiting or cgen to bottom out
[10:31] {dino} aixg hl l .05, stop lod
[10:35] {fernp} AEO is breaking now... not sure what to do, SPY is falling
[10:37] {dino} alny wakey
[10:37] {strider} hmmm..
[10:38] {fernp} FAZ breakout?
[10:38] {Threei} only if pulls back first
[10:39] {Threei} and holding this .87 - .90 area
[10:41] {Threei} GLD, want long with target around .35, and don't want to buy break
[10:41] {Threei} so, my way to trade it here would be:
[10:41] {Threei} ignore .20 break,
[10:41] {Threei} but if it pulls back into .10 area, I anm interested
[10:42] {Threei} with stop/invaliadting level 108
[10:43] {Threei} come on GLD, show your treacherous charatcter: drop shareply shaking out .20 break buyers, and let us in on that shakeout
[10:44] {Les} 50 and 200 ma converging at .25
[10:44] {Threei} typing gods will never forgive me for what I do to English...
[10:46] {Les} did you buy Vad?
[10:47] {Threei} no, was waiting couple cents lower
[10:48] {Threei} I want a brief dive under .10, holding above 108 and recross of .10 as entry signsl
[10:49] {Threei} even if it doesn't let us in, I am pretty staisfied with read itself
[10:49] {Threei} getting closer to decoding the ways GLD eliminates too straightforward traders
[10:52] {fernp} AEO 1:1 but i didn't take the trade. too much thinking. grrrr
[10:53] {Threei} Long Setup: AIG .10 break
[10:53] {Threei} stop under 32
[10:53] {ese} l cgen .41
[10:56] {ese} you refering to me vad
[10:56] {Threei} I am?
[10:56] {ese} .30
[10:58] {strider} out 1/2 AIG
[10:58] {Threei} AIG 1:1
[10:58] {Les} out ty
[10:58] {Threei} strider, stop to under .10 for the balance
[10:58] {magoo} AIG seems or feekls like alot more..not in tho
[10:58] {strider} thx
[10:59] {strider} out -.01
[10:59] {Threei} could be mags... but this is AIG... I better let ther balance to get shaken out than get stuck
[10:59] {magoo} agree..its been a disappointer orf late
[10:59] {strider} like that.
[10:59] {Threei} downdraft on it can be devastating
[11:00] {Threei} and don't forget, we are still in holiday mode
[11:00] {fernp} HIG again breaking 24
[11:00] {ese} l cgen avg .39
[11:00] {Threei} short week and all that crap
[11:01] {Les} GLD still in play Vad?
[11:01] {Threei} can't tewll, it kind of lost its rythm
[11:01] {nemo} may be DT on Rimm
[11:01] {dino} jst
[11:01] {Threei} first drop looked good, second is questionable
[11:02] {Threei} hmmm
[11:02] {ese} cgen stop .33
[11:03] {Threei} why not C&H on RIMM nemo?
[11:03] {Threei} .45 break
[11:03] {Threei} if holdong .30 -.45
[11:03] {Threei} .30 - .35
[11:03] {nemo} could be one of those switchitters
[11:04] {Threei} yeah
[11:04] {nemo} your handle is small too
[11:04] {fernp} gonna try again HIG
[11:05] {Threei} big offer at .45
[11:05] {Threei} reinforces setup
[11:05] {nemo} oy vay
[11:05] {ese} out cgen .49 +.10
[11:05] {Threei} wtg
[11:06] {ese} worked well...kept partially out 4k avgeraged it out at .49
[11:07] {ese} actually .487623 to be exact
[11:07] {Threei} invalidated RIMM
[11:07] {nemo} the long anyway
[11:07] {Threei} right
[11:08] {Threei} too bad, that break would have been a beauty
[11:10] {nemo} RIMM again
[11:10] {fernp} DBA, Vad?
[11:10] {Threei} need pullback for re-validation
[11:10] {Threei} RIUMM
[11:10] {nemo} or, tht big order be taken out
[11:11] {Threei} DBA, CAN'T TELL
[11:11] {Threei} too narrow for my taste'
[11:12] {fernp} ty
[11:12] {Les} FCX?
[11:13] {magoo} [11:11] {&Threei} RIUMM
[11:13] {magoo} [11:12] {&Threei} too narrow for my taste'
[11:13] {magoo} whats on your mind
[11:13] {Les} .80 break looking good?
[11:14] {fernp} that was for DBA, mags
[11:14] {magoo} RUM
[11:14] {Threei} probably Les
[11:18] {magoo} gld was invalid?
[11:19] {Threei} I wasn't delighted
[11:19] {magoo} ya ya
[11:19] {Threei} it more or less worked in the end but preety much crapshoot, really
[11:19] {magoo} in my best leonardo dicapr voice from movie blood diamond
[11:20] {nemo} he was good in Body Of Lies also
[11:20] {fernp} NRG breakdown, Vad?
[11:21] {Les} outta here. night all.
[11:22] {fernp} bye Les
[11:22] {Threei} take care Les
[11:23] {Threei} so slow, fern...
[11:23] {Threei} things stalled
[11:24] {Threei} let's look at some postcard-type photos in fresh upload at http://www.realitytrader.com/photography/
[11:24] {fernp} yeah, shorted .39 i'll take a scalp (if I can) :-)
[11:27] {fernp} your city seems very european
[11:27] {fernp} beatiful heavens in all pics
[11:27] {Threei} yeah, prides itself ion being more British than Britain
[11:29] {fernp} such buildings are the typical you can find over here
[11:34] {nemo} rimm broke .45 another huge orer at .50
[11:34] {Threei} break on such vertical spike... nah
[11:35] {nemo} chewed right through
[11:38] {fernp} 1:1 NRG +.05
[11:42] {nemo} rimm break .60 stop under .50 look at order at .60
[11:51] {fernp} NVDA breakdown, Vad?
[11:51] {Threei} worth a try
[11:52] {fernp} ty
[11:52] {Threei} just a scalp
[11:52] {Threei} unless market starts dropping like tomorrow never comes
[11:52] {fernp} ok. i'll scalp it :-)
[11:53] {strider} aggressive entry make sense here, NVDA?
[11:53] {Threei} yeah, and if tomorrow never comes - what good those excessive profits are for you anyway
[11:53] {Threei} no strider
[11:53] {Threei} RIMM looks at that .60 with childish curiosity
[11:54] {fernp} daily seems ready for a pullback
[11:54] {nemo} on what fern?
[11:54] {fernp} NVDA
[11:54] {fernp} QGEN strong
[11:57] {Threei} NVDA shapes up nicely
[11:57] {strider} break of .74?
[11:57] {Threei} yes
[11:58] {nemo} cat vad, maybe short, I've got .45 as important but pivot is .38
[12:01] {Threei} .45 break I'd do
[12:02] {strider} stop?
[12:02] {Threei} .50 or .55, both are valid
[12:02] {nemo} .50 probably
[12:02] {strider} k
[12:09] {nemo} cat the frickin' fandancer
[12:10] {strider} in .44
[12:10] {strider} there's the big bid on NVDA
[12:11] {strider} .77
[12:15] {Threei} RIMM is trying to reinvalidate again
[12:17] {Threei} Long Setup: RIMM .60 break
[12:18] {Threei} stop under .50 for scalpers
[12:18] {Threei} .45 for day traders
[12:18] {Threei} 1:1
[12:19] {Threei} unstoppable RIMM
[12:19] {Threei} 'can you hold the moonbeam in your hand"...
[12:19] {Threei} never mind... wife was watching Sounds of Music yesterday when I carelessly wandered in the room
[12:19] {nemo} DF
[12:19] {Threei} it's quite a trauma for my impressionable soul
[12:20] {nemo} anyway,,,,I'm off to try and kill something...this day has been a CF!
[12:20] {dino} gl
[12:20] {nemo} ty
[12:20] {Threei} kill my portion too wioll ya
[12:21] {magoo} what CF?
[12:21] {Threei} or df
[12:22] {Threei} but, you know... when it comes to nemo I gave up on decoding
[12:22] {Threei} not only because it's challenging
[12:22] {Threei} but mostly because in most cases I don't want to know the answer
[12:24] {strider} CAT
[12:25] {Threei} makes huge prgress, doesn't it
[12:26] {strider} not much spring in its step.
[12:26] {strider} which is a good thing.
[12:26] {Threei} well, it's cat... it's prowling
[12:28] {strider} Is RIMM a long here?
[12:28] {strider} was
[12:29] {Threei} why here
[12:29] {Threei} it was long at .60
[12:29] {strider} there was some consolidation at .72, 2nd test of high.
[12:30] {Threei} if you wanted it for bigger trade, you'd simply enter it with stop .45, and have 1:2
[12:31] {strider} well, it jumped fast from .60....coudn't get in.
[12:31] {Threei} I see
[12:31] {Threei} it was a "hover" type of entry
[12:31] {strider} I was hovering .)
[12:31] {Threei} lol
[12:32] {Threei} unhovered too late then :)
[12:32] {Threei} usually, when hovering,
[12:32] {Threei} you don't wait for actual break
[12:32] {Threei} you want to gran last shares of big order
[12:32] {Threei} so you lwet go when it scrolls fast
[12:35] {strider} CAT looking like a dbl bottom
[12:37] {ese} dino.....anything on your radar
[12:39] {dino} just took fsys l
[12:39] {dino} .04 ave
[12:40] {ese} seems to me that every year at this time.....no matter what i look at ....it just doesn't look good
[12:40] {dino} osis watching for s
[12:40] {dino} tlcr?
[12:40] {ese} tks
[12:41] {fernp} USB rocketing
[12:41] {ese} was watching osis for a while......did nothing for me
[12:43] {dino} gut feels spike and drop remaining in osis
[12:44] {strider} what's your stop, CAT, vad?
[12:44] {Threei} at this point just above .50
[12:44] {Threei} no two options anymore
[12:44] {ese} hmmmmmmm that sounds like a plan dino....spike to 25
[12:45] {Threei} as they used to say in USSR, we have pluralism of opinions, and there is no another way about it
[12:45] {strider} haha
[12:46] {dino} lol es waiting at .22
[12:51] {strider} CAT 28 cent range so far.
[12:52] {fernp} MGM on lows
[12:53] {magoo} RIMM went big
[12:53] {dino} calm
[12:53] {magoo} i am
[12:54] {fernp} NVDA again interesting
[12:56] {dino} lol just read that
[12:56] {fernp} MGM breaking down
[12:57] {strider} OK...CAT's turned into a guitar stock.
[12:57] {ese} l akam sm.99
[12:58] {ese} stop .80
[13:01] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.089%; BID-TO-COVER RATIO: 2.91 V 3.16 PRIOR AND 2.96 AVE OVER LAST 10 AUCTIONS
[13:01] {Threei} - indirect bidders take 34.8% of competitive bids with 59.68% alotted at the high
[13:02] {Threei} where is nemo... I need translation of this
[13:02] {fernp} AMGN .70 break, Vad?
[13:02] {Threei} chart's right
[13:03] {ese} ok am likin the looks of akam .......increased size to 1/2 lot
[13:04] {dino} rino l .25
[13:05] {fernp} shorting NVDA .75
[13:06] {Threei} nice
[13:07] {ese} l akam to full lot still .99 stop .89
[13:08] {ese} lots of selling at .00 this should be interesting
[13:08] {dino} reit's moving
[13:09] {strider} sure is a lot of AKAM for sale at 26.
[13:10] {ese} i'll say
[13:11] {ese} gambling on the break here
[13:11] {strider} lightening up on CAT....this is ridiculous.
[13:12] {Threei} welcome to holiday trading
[13:12] {strider} I thought I was supposed to get PRESENTS this week.
[13:18] {Threei} this?
[13:18] {Threei} last week was Chritmas... what is it this week, Festivus?
[13:18] {strider} well, don't forget the rest of us.
[13:19] {Threei} Chanukah was even earlier
[13:19] {Threei} Festivus is the only one I can think of
[13:20] {strider} hey, we got a new low, CAT
[13:21] {Threei} I was afraid to mention
[13:24] {fernp} SEED is sitting on lows with a nice daily for a short
[13:24] {Threei} fern... you are distracting us from dying of boredom obderving CAT
[13:25] {fernp} sorry, i am also short in CAT from .44
[13:25] {Threei} wow... you mean you arre not bored enough by CAT and want to add SEED??
[13:26] {strider} Well, pay attention, then, fern!
[13:26] {Threei} you just love pain and suffering, don't you?
[13:27] {fernp} you know what? i am also short MGM from .39 and long AMGN from . 71
[13:27] {Threei} ok... you do love pain and suffering
[13:27] {fernp} :-) i have to talk with my wife
[13:27] {Threei} shut up nemo
[13:28] {Threei} even though you are not here...
[13:28] {Threei} this is too much even for your being here in spirit, so shut up
[13:30] {strider} had it with CAT, I'm out.
[13:30] {ese} out akam .94 -.05
[13:31] {ese} gotta go all...catch you tomorow
[13:31] {Threei} take care ese
[13:31] {strider} of course.
[13:31] {fernp} bye ese
[13:31] {Threei} mama mia... CAT is 1:1... I didn't think I'd live long enough to see that
[13:31] {strider} was just waiting for me to bail.
[13:31] {magoo} dont recall cat bbeing such a slug
[13:32] {Threei} no traders
[13:32] {Threei} holiday week
[13:32] {Threei} look at volume
[13:32] {magoo} read AIG? juast started move
[13:32] {Threei} Encryption expert deciphered and published code that protects cellphone calls-NY Times
[13:32] {Threei} - The action by the encryption expert Karsten Nohl aimed to question the effectiveness of the 21-year-old GSM algorithm, a code developed in 1988 and still used to protect the privacy of 80 percent of the world's mobile calls.
[13:33] {fernp} out MGM +.06
[13:34] {Threei} no way really to tell whether it's a startiung move or just accidenatl convulsion during deep sleep, mags
[13:35] {Threei} take a look at volumes at noon:
[13:35] {Threei} Market Internals update at 12:00pmET
[13:35] {Threei} - NYSE volume 240M shares, about 48% below its three-month average; advancers and decliners are about even.
[13:35] {Threei} - NASDAQ volume 520M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.
[13:35] {Threei} lol
[13:39] {dino} wow
[13:46] {fernp} AMGN no go
[14:03] {Threei} wow
[14:03] {Threei} fern
[14:03] {Threei} your SEED works
[14:03] {fernp} yes
[14:05] {fernp} but i only took +.05 on it (my initial risk)
[14:05] {Threei} Fed proposes amendments to Reserve Requirements for Deposit institutions; allows establishment of term deposit facility; with no implications on monetary policy decisions in short term
[14:05] {Threei} - term deposit maturities will not exceed 1 year's time; with most likely maturity at 1-6 months
[14:05] {Threei} - Federal Reserve Banks would offer interest-bearing term deposits to eligible institutions through an auction mechanism. Term deposits would be one of several tools that the Federal Reserve could employ to drain reserves
[14:06] {fernp} i also shorted INTC at .30 (my 1:1 is here)
[14:06] {Threei} market really disliked this
[14:06] {Threei} Fed worked for you
[14:06] {Threei} (for once)
[14:06] {fernp} lol
[14:07] {Threei} volume update, don't look now:
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 340M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 760M shares, about 45% below its three-month average; decliners lead advancers by 1.2:1.
[14:07] {Threei} 50%
[14:07] {Threei} I don't think I've seen this, ever
[14:09] {fernp} hey!!! thaks FED, +.08 INTC
[14:11] {Threei} lol
[14:12] {dino} gj
[14:17] {fernp} AEO ignores market. still on highs. and... if I hold some shares overnight? Am I crazy?
[14:17] {Threei} yes
[14:17] {Threei} but the real question is,
[14:17] {Threei} will it stop you from doing that?
[14:18] {fernp} good question
[14:21] {Threei} White House: President Obama to speak later today with regards to the terrorist attack attempted on Christmas day
[14:21] {Threei} - separately, in the last few minutes an Al-Qaeda faction claimed responsibility for the attempted attack on a US airliner, calling it a retaliation for US attacks in Yemen.
[14:21] {Threei} - reminder: over the weekend, the Nigeria man who attempted to set off an explosive device in a Northwest airliner was reported to have ties to Al-Qaeda.
[14:28] {fernp} looking at airlines, CAL and DAL could be fine for a scalp if break lod
[15:00] {fernp} .
[15:01] {Threei} Prez on TV
[15:11] {magoo} :(
[15:12] {Threei} ?
[15:14] {Threei} CGEN woke up
[15:15] {Threei} let's see if we get a pullback under .30
[15:16] {Threei} CGEN Update: Price target raised to $12 at Cantor Fitzgerald, maintains Buy rating
[15:16] {Threei} wow
[15:16] {Threei} let's keep it as a gap candidate
[15:17] {Threei} this is something very likely to attract attention overnight
[15:18] {Threei} Barton Biggs: USD could rise 10%; feels USD is undervalued vs the Euro (related EUR/USD )
[15:28] {Threei} a bit more on CGEN so you could make up your mind:
[15:28] {Threei} Price target raised 60% to $12 from $5 at Cantor Fitzgerald, maintains Buy rating
[15:28] {Threei} - Firm believes Roche's acquisition of two early stage assets, Alnylam's European RNAi development operations for $300M plus the RNAi delivery company, Mirus, for $125M for a total of $425M provide a good comparitor for Compugen due to the early development stage and long-term value its technology is expected to have for pharmas and diagnostic companies.
[15:30] {strider} long from 5.40 for overnight
[15:31] {fernp} I was long from .46 and sold .61
[15:32] {Threei} don't want to suggest it for right now strider, but something to consider in the future in this kind of situastion:
[15:32] {Threei} umbrella trade,
[15:32] {Threei} get double lot,
[15:32] {Threei} scalp one
[15:32] {Threei} hold another
[15:32] {strider} good idea.
[15:33] {Threei} review umbreall concept in scalping video course
[15:33] {Threei} it's exactly the situation to apply it
[15:33] {strider} In this case, I bought in another acct.
[15:34] {strider} NOt ready to hold overnight in daytrading acct.
[15:35] {fernp} me too, I use another account for overnight. holding AEO. let's see if opens with gap
[15:43] {Threei} EUR/USD CFTC: speculators have gone long the USD for the first time since May (update)
[15:44] {Threei} CFTC claims to know what side "speculators" take?
[15:44] {Threei} and just who is on another side?
[15:44] {Threei} not other speculators?
[15:44] {magoo} anti-speculators
[15:44] {Threei} sigh
[15:44] {Threei} idiocy reigns
[15:48] {dino} lol
[15:50] {Threei} I played CGEN half right
[15:50] {Threei} took double lot, that was fine,
[15:51] {Threei} sold one at .57, fine,
[15:51] {strider} not lookong too strong right now.
[15:51] {Threei} but then should have sold half lot more over .60, to replace it on pullback
[15:52] {strider} you think it's still a valid overnight?
[15:52] {Threei} it's those who don't want overnight exiting, strider
[15:52] {Threei} what changed?
[15:52] {strider} didn't run up to the high.
[15:53] {Threei} look at it from the p;oint of view of reason foer the gap
[15:53] {Threei} for those who see it after coming back home
[15:53] {strider} It's been gapping for 3 days.
[15:54] {Threei} 52 week high, news, upgrade by solid house with insane target
[15:54] {Threei} today's nwews come on the heel of the one a few days ago
[15:54] {Threei} altogether creates this "things are happening for this company" feeling for our beloved overnight buyers
[15:55] {Threei} normally this is what I want to see to buy for a gap
[15:55] {strider} ok
[15:55] {Threei} hey, I am not convincing you
[15:55] {Threei} overnight is totally discretionary
[15:55] {strider} I understand:)
[15:55] {Threei} just expressing my own approacvh
[15:56] {Threei} but risk tolerance is different
[15:56] {Threei} so....
[15:58] {fernp} AEO ending on highs holding 500 for tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {lasertrev} see ya Vad
[16:00] {fernp} AEO nice daily too, maybe screeners will spit AEO like breakout play. Let's see
Labels: day trading education, scalping stocks, stock market, trading room log
