Sep 30 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Another slow but profitable day. Most plays were on usual suspects. Even such normally balls of fire as AIG took literally hours to resolve some of plays.

Session Time: Sep 30 00:00:00 2009

[07:57] {magoo} wRLIRWILHRSHOIRHJ

06[07:59] * nemo slaps magoo around a bit with a large aslewgowiloll!!!!

[08:03] {KSystems} morning

[08:09] {Threei} SVA Granted Second Order of H1N1 Vaccine from Chinese Central Government

[08:09] {Threei} - Announced today that Sinovac has received its second purchase order for its H1N1 vaccine

[08:10] {Threei} - The 3 million dose purchase order announced today is in addition to the initial order for 3.3 million doses received from the Ministry of Industry and Information Technology of China on September 4, 2009. Sinovac is expected to complete the delivery of 4.5 million doses of PANFLU.1 to the Chinese central government by the end of October.

[08:11] {Threei} BLTXX Baltic Dry Bulk rises approx 1.5%

[08:14] {ese} good morning.......been riding my bike alot lately......am in better shape....tend to get up earlier

[08:14] {nemo} dude

[08:14] {Threei} ese :)

[08:14] {Threei} Preview: Q2 GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:14] {Threei} Consensus expectations:

[08:14] {Threei} - GDP Price Index: 0.0%e v 0.0% Q2

[08:14] {ese} dude

[08:14] {Threei} Preview: Q2 GDP Annualized and Personal Consumption due at 8:30 am

[08:14] {Threei} - GDP Annualized: -1.2%e v -1.0% Q2

[08:15] {Threei} never heard any

[08:15] {Threei} sorry, wring window

[08:15] {Threei} ADP SEPT EMPLOYMENT CHANGE: -254K V -200KE

[08:15] {nemo} whoa two bad reports

[08:16] {Threei} two?

[08:17] {ese} 2 or 3 yesterday as well weren't there

[08:20] {nemo} unemployment and gdp

[08:22] {Threei} ummm

[08:22] {Threei} gdp is not out yet

[08:23] {Threei} that's umm, PREview

[08:23] {nemo} oh...misread

[08:23] {nemo} I thought you were using the prescience of your 3rd eye

[08:23] {Threei} stay within 2-syllable words pls

[08:24] {Threei} don't make me look them up

[08:24] {Threei} tree good. fire bad

[08:24] {Threei} see?

[08:24] {nemo} can't think of a one syllable word for that

[08:24] {nemo} foresight? is that o.k.

[08:24] {nemo} I know it's two syllables but...fairly common

[08:25] {Threei} previse?

[08:26] {Threei} ese, you interested in DRYS?

[08:26] {Threei} Baltic dry index upticked today

[08:26] {nemo} 5 minute chart interesting

[08:26] {Threei} and DRYS started green days while index was still going down

[08:28] {ese} hi vad yup

[08:29] {ese} was in and out of it yesterday .37 to .96

[08:30] {ese} 60k of it

[08:30] {Threei} GDP's coming in econds

[08:30] {Threei} Q2 FINAL GDP Q/Q ANNUALIZED: -0.7% V -1.2%E; PERSONAL CONSUMPTION: -0.9% V -1.0%E

[08:30] {Threei} *Q2 GDP PRICE INDEX: 0.0% V 0.0%E; CORE PCE Q/Q: 2.0% V 2.0%E (related SHY TLT EUR/USD SPY )

[08:30] {ese} didn't want to stick around because of market topping out factor.....who knows where this market is going to go.....was happy wit +.59

[08:31] {Threei} I'll say

[08:31] {Threei} slow narrow day

[08:33] {ese} at some point in time we gotta be heading down......

[08:33] {Threei} or not

[08:33] {nemo} in the end, we're all dead

[08:33] {ese} don't know about you but i'm uneasy right now

[08:33] {Threei} the notion that market has reversed its uoptrend seems to be too widespread

[08:33] {ese} about market direction that is........

[08:34] {ese} for sure.....alot of my trades are 50/50 at this point

[08:34] {magoo} any read NKE vad?

[08:35] {Threei} no... too big gap and too thin stock

[08:36] {ese} either i'm doing something wrong....or...........or.....or what is the question?

[08:37] {ese} follow through on my trades anyway seem to be hit or miss lately....

[08:38] {ese} can only attribute this(or so i'm thinkin) to uncertainly in market......

[08:40] {ese} have been sizing down to be on the safe side......although i was pretty sure about drys yesterday so was comforable with it

[08:53] {ese} theres one i haven't seen on the radar for a while HOKU

[08:53] {Threei} yeah, had news yesterday

[08:54] {Threei} Hoku Scientific Granted $50M initial debt financing by Tianwei, issuing Tianwei 33.3M common shares (60% of shares outstanding)

[08:54] {Threei} - Hoku will also grant Tianwei warrants to purchase an additional 10 million shares of Hoku's common stock at a price per share equal to $2.52. Provides for a majority investment in Hoku by Tianwei and debt financing by Tianwei and China Construction Bank for the construction and development of Hoku's polysilicon production facility in Pocatello, Idaho.

[08:54] {Threei} - The transaction will involve the conversion of $50 million of an aggregate of $79 million in secured prepayments

[08:54] {Threei} - HOKU to continue to trade on NASDAQ.

[08:54] {magoo} PZE vad news?

[08:55] {Threei} not that I see

[08:55] {Threei} last news on it is May 7, lol

[08:55] {magoo} up 6 +

[08:55] {Threei} don't know why but not picked up by my news supply

[08:56] {magoo} crap

[08:56] {magoo} missed it

[08:56] {ese} whoaa what is with that one mags?

[08:56] {magoo} 3 dollars since i asked

[08:57] {magoo} 6 bux to 16\

[08:57] {Threei} LVS Buckingham reiterates Strong Buy rating, price target $21 (17.37, 0.00, 0.00%)

[08:58] {ese} major discovery by this company or something

[08:58] {nemo} they're owned by Petrobras

[08:59] {Threei} Petrobras Energia Participaciones SA ADR

[08:59] {nemo} yep

[08:59] {nemo} was a favorite of Cramer's

[08:59] {Threei} shortable

[09:00] {fernp} good morning everybody

[09:00] {Threei} fern :)

[09:00] {cosmo} hmmm...petrobras...don't they have some wells around where that earthquake just happened?

[09:01] {nemo} so maybe it forced a Jed Clampett?

[09:01] {cosmo} or Dr. Evil

[09:02] {cosmo} nah .... gotta go back to bed...

[09:02] {Threei} PZE Moves higher as today is the closing date for a merger between PZE and Petrobras Energia SA (Buenos Aires PESA)

[09:02] {Threei} - PZE to be the surviving entity

[09:03] {Threei} okay... so it's not an actual news of some event, it's ratjer math of a merger,

[09:04] {Threei} but then again, this kind of things is well known in advance

[09:04] {Threei} why the sudden explosion right now

[09:04] {Threei} shrug

[09:04] {cosmo} TSTR

[09:05] {cosmo} ... w AT&T

[09:05] {ese} so that those in the know......can make a ton of cash.......and we not in the know.....won't!

[09:05] {Threei} it was announced a year ago

[09:05] {Threei} as far as I can see, there is no any new developments

[09:06] {cosmo} k

[09:06] {ese} ok

[09:08] {Threei} lol, it's like everyone forgot about it, and this morning all suddenly looked in their calendars and found a note made a year ago

[09:09] {nemo} looks like RIMM is up of the mat

[09:09] {ese} was just lookin at that.......tempting

[09:09] {ese} mags are you thinking about rimm again?

[09:10] {nemo} he might be thinking about deer

[09:10] {larisa} gm :)

[09:10] {nemo} hi lari!!!

[09:10] {ese} laris

[09:10] {Threei} larisa :)

[09:11] {larisa} :)

[09:11] {dino} gm all

[09:12] {larisa} gm dino :)

[09:12] {Threei} dino :)

[09:13] {dino} :)\

[09:13] {ese} dino

[09:13] {nemo} dino :)

[09:13] {cosmo} TSTR pre mkt spike high = 2.82 fyi

[09:15] {cosmo} .....to bring to

[09:15] {cosmo} market the first fully integrated satellite cellular smartphone.

[09:15] {cosmo} ... w AT&T

[09:15] {cosmo} fwiw

[09:15] {lasertrev} gm

[09:16] {nemo} LT :)

[09:16] {Threei} trev :)

[09:19] {ese} that one should go a bit today cos

[09:19] {cosmo} ... as you wish...

[09:23] {dptl} good morning all

[09:23] {ese} dp

[09:24] {ese} opps sorry dddddddddppppppppppp!

[09:24] {dptl} :)

[09:24] {Threei} dp:)

[09:25] {cosmo} TSTR should hold 2.6

[09:26] {Threei} DRYS

[09:26] {Threei} 7

[09:26] {nemo} aig interesting on 5 minute

[09:28] {magoo} rimm too

[09:34] {Threei} Long Setup: TSTR 2.95 break

[09:34] {Threei} risky and volatile

[09:34] {Threei} stop under .80

[09:34] {Threei} invalidated

[09:35] {Threei} Preview: Sept Chicago Purchasing Managers Index due out at 9:45amET

[09:35] {Threei} **consensus expectations: 52.0e v 50.0 prior (Aug reading of 50 was the highest since Sept 2008

[09:36] {Threei} ICE Hearing early strength being partially attributed to takeover chatter (96.89, +1.85, 1.95%)

[09:36] {Threei} LVS, watching for bounce

[09:37] {Threei} not ready yet

[09:39] {Threei} TSATR modification

[09:39] {magoo} f'in HIG

[09:39] {Threei} .90 break long

[09:39] {cosmo} tsata?

[09:40] {Threei} LVS

[09:40] {Threei} .20 break long

[09:40] {Threei} stop under .10

[09:41] {magoo} numbers 9:45 and 10:30 i beelieve

[09:42] {Threei} no go LVS

[09:42] {Threei} and TSTR is invalidated again

[09:42] {Threei} let's wait out PMI

[09:43] {cosmo} i'll go walk the dogs ...see if that helps..

[09:45] {Threei} SEPT CHICAGO PURCHASING MANAGERS INDEX: 46.1 V 52E

[09:45] {Threei} **sub-indices:

[09:45] {Threei} - Prices Paid: 51.3 v 50.0 last

[09:45] {Threei} - New Orders: 46.3 v 52.5 last

[09:45] {Threei} - Employment: 38.8 v 38.7 last

[09:45] {Threei} - Inventories: 38.9 v 27.5 last

[09:45] {Threei} - Supplier Deliveries: 49.3 v 54.6 last

[09:45] {Threei} - Production: 47.2 v 52.9 last

[09:45] {Threei} - Order Backlogs: 36.7 v 45.8 last

[09:46] {Threei} Long Setup: RIMM .50 break

[09:46] {Threei} if holding above .35

[09:47] {Threei} invaidated, needless to say

[09:48] {Threei} mags, feeling better about HIG?? :)

[09:48] {magoo} its such a f'er

[09:48] {Threei} .50 break long HIG

[09:48] {Threei} if holding .40

[09:49] {nemo} down elevator for awhile

[09:49] {Threei} .40 if holding .30

[09:49] {Threei} usual ranges for bounce

[09:49] {Threei} PZE Nasdaq states that it is currently investigating potentially erroneous trades (17.19, +10.79, 168.59%)

[09:49] {Threei} great

[09:51] {magoo} why /its still 17

[09:51] {Threei} in HIG

[09:51] {Threei} stop under .10

[09:52] {Threei} 1:1

[09:52] {Threei} half out .33

[09:52] {Threei} scalpers get out

[09:52] {Threei} 1:2

[09:52] {Threei} 1/4 more out

[09:53] {Threei} out in full, 1:3

[09:53] {magoo} out .48 TY

[09:54] {Threei} missed LVS bounce

[09:54] {magoo} hit .22

[09:54] {Threei} 09:48] {Threei} mags, feeling better about HIG?? :)

[09:54] {magoo} RIMM?

[09:54] {magoo} AIG too vad, possibly

[09:54] {Threei} what RIMM... bounced already

[09:55] {Threei} kind of hard to manage HIG and RIMM at the same time

[09:55] {magoo} remain calm..just posting possibles

[09:55] {larisa} lol

[09:55] {Threei} AIG retests low

[09:55] {Threei} HIG remains stronger

[09:56] {magoo} looks lowerr

[09:56] {Threei} HIG would be my choice again for the next bounce

[09:57] {Threei} same setup

[09:57] {magoo} UGLY so far out there

[09:57] {Threei} lost .10, invalidated

[09:57] {nemo} market still dropping

[09:58] {Threei} .10 break if holding 27

[09:58] {magoo} jesus no way

[09:58] {magoo} i went for .08

[09:58] {magoo} nissed

[09:58] {Threei} second chance

[09:59] {fernp} missed

[09:59] {Threei} ok, let it go

[09:59] {Threei} no third chance entry

[10:00] {magoo} if i miss..its tough..i went for 08

[10:00] {Threei} don't enter here

[10:00] {magoo} a number coming

[10:00] {nemo} oil

[10:01] {Threei} NAVI Announces Collaboration in the Microsoft WebsiteSpark Program (2.11, +0.05, 2.43%) (related MSFT )

[10:02] {dino} stec gap fill from fri

[10:06] {Threei} Short Setup: RIMM .15

[10:06] {Threei} if stays below .25

[10:06] {magoo} oy im long .13

[10:06] {ese} dino?....would you say that stec has sufficiently filled that gap from 07/15.....i'm looking to go long with this one

[10:11] {cosmo} HOKU

[10:12] {cosmo} tests hod

[10:13] {cosmo} seems happy

[10:13] {Threei} killer volaitlity

[10:13] {Threei} not a reakout stock

[10:13] {Threei} pullback entry, maybe... breakout, no way

[10:13] {magoo} out rimm .31

[10:13] {magoo} sigh

[10:13] {magoo} relief

[10:14] {fernp} FMER 19 break could be interesting

[10:14] {Threei} fmer

[10:14] {Threei} looked at it a while ago

[10:14] {Threei} be careful with it

[10:14] {Threei} can widen spread suddenly

[10:15] {fernp} ok ty

[10:15] {Threei} chart's nice

[10:16] {dino} es, yes imo

[10:17] {Threei} AIG

[10:17] {Threei} should be bounce zone if holding .50

[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:18] {Threei} **consensus expectations:

[10:18] {Threei} Crude: +500Ke

[10:18] {Threei} Gasoline: +1.2Me

[10:18] {Threei} Distillate: +1.2Me

[10:19] {ese} tks dino

[10:19] {Threei} US) House Armed Services Chairman Skelton: US planning accelerated troop withdrawal from Iraq; to withdraw 11 brigades by the end of 2009

[10:19] {magoo} server vad??

[10:19] {Threei} 11

[10:19] {magoo} ty

[10:21] {dino} and you wonder why iran is acting up

[10:21] {nemo} plus we're getting throttled in Afghanistan

[10:22] {Threei} AIG, couldn't nail entry more precisely

[10:22] {Threei} oh well

[10:22] {magoo} i took .75

[10:22] {Threei} a bit too high from .50 support

[10:22] {magoo} not luvin it

[10:22] {Threei} no, I wouldn't either

[10:23] {Threei} you know what... let's make it strict play from here

[10:23] {Threei} move stop to under .60

[10:23] {Threei} if it fails it fails

[10:23] {Threei} and see if you get a spike over .90 for exit

[10:23] {Threei} market is very shaky here

[10:24] {nemo} lvs testing lows

[10:24] {Threei} HIG too

[10:24] {Threei} new lows are likelty here

[10:24] {Threei} let's sit it out

[10:25] {Threei} (US) Pres Obama to spend approx $5B as part of job creation projects

[10:25] {nemo} Yeah, if oil builds are excessive this could really tank

[10:25] {Threei} aren';t you glad he has deep pockets

[10:25] {nemo} I don't have very many more pounds of flesh to contribute

[10:25] {Threei} sorry nemo, your logic escapes me

[10:26] {nemo} which logic

[10:26] {nemo} oil

[10:26] {Threei} excessive oil duils - bad for the market?

[10:26] {Threei} builds

[10:26] {Threei} mags... glad we tightened stop?

[10:26] {Threei} don't enter that far from support next time, deal?

[10:27] {nemo} well if the Chicago numbers tanked the market, might further reinforcement of energy builds hammer it harder?

[10:27] {magoo} yea

[10:27] {Threei} chicago numbers were bad

[10:27] {Threei} how a lot of oil in reserves is bad?

[10:27] {nemo} means energy not being used...takes energy to run economy

[10:27] {nemo} might just confirm and do nothing

[10:27] {Threei} that is if you look backward

[10:27] {nemo} or...

[10:28] {Threei} if you look forward, it's an oil price killer

[10:28] {Threei} which is good

[10:28] {nemo} for the consumer, yes

[10:28] {Threei} which way market choses to look at it - totally mood dependent

[10:28] {Threei} right, and consumer is major concern

[10:28] {Threei} but anyway, we will know very soon

[10:29] {nemo} waiting with baited breath

[10:29] {nemo} wonder where that saying came from?

[10:29] {Threei} 30 seconds

[10:30] {nemo} the stress is unbelievable

[10:30] {Threei} DOE CRUDE: 2.8M V +500KE

[10:30] {Threei} GASOLINE: -1.66MV +1.2ME; DISTILLATE: +323K V +1.2ME

[10:30] {Threei} mix

[10:31] {Threei} larisa.. you still insist we don't kick nemo out?

[10:31] {nemo} where's diesel in that mix...distillates?

[10:32] {larisa} you have to love all your children

[10:32] {Threei} oh great... thanks for giving me a visual;

[10:32] {nemo} yeah...I'll be Abraham's sacrifice

[10:33] {nemo} did I tell you my real name is "Damien"

[10:33] {Threei} demon seed

[10:33] {Threei} ok... saved by the kind girl again, but keep in mind:

[10:33] {Threei} we have 4 ladies in the room now,

[10:33] {Threei} so as Banderas said in Four Rooms,

[10:33] {Threei} Don't misbehave!

[10:34] {nemo} me....never

[10:35] {Threei} can't get a feel here, bounce or stall

[10:35] {nemo} not that I'm qualified, but lookin at the spy and the Q's you have to wonder if they're quasi-bear flags

[10:36] {Threei} this is my feeling

[10:36] {Threei} but if NQ breaks over 1700 here, sizeable bounce is likely to start

[10:37] {Threei} ok, who is in the mood to start trying for bounce,

[10:37] {Threei} Long Setup: LVS .80 break

[10:37] {Threei} if stays above .70

[10:38] {Threei} if loses .70, play is different:

[10:38] {ese} not quasi.....imo....they are

[10:38] {Threei} let's look for double bottom off .60

[10:39] {nemo} just qualifying ese

[10:39] {Threei} also,

[10:39] {Threei} Long Setup: RIMM .30 break

[10:40] {Threei} don't chase, let' it pull back

[10:40] {Threei} there

[10:40] {Threei} next break is entry

[10:40] {Threei} stop is under .20 for hardcore scalpers

[10:40] {Threei} .15 for more sane ones

[10:40] {Threei} LVS invalidated

[10:44] {Threei} don't see clear setup forming on double bottom either

[10:47] {Threei} Short Setup: LVS .60 break

[10:47] {Threei} if stays under .70

[10:48] {nemo} big sell orers @.70

[10:48] {Threei} yup

[10:48] {Threei} want to try it aggressively?

[10:48] {Threei} with ridiculously tight stop

[10:48] {nemo} like .02?

[10:48] {Threei} above .70

[10:49] {nemo} yeah...

[10:51] {Threei} HIG formed .90 - 27 range

[10:51] {magoo} problem w/hig is l;ike yesterday..might just freeze

[10:52] {magoo} ok dip buyers come on in....

[10:52] {Threei} if makrte repeats this yesterday comatose state, so will HIG most likely

[10:52] {Threei} things run in place very fast

[10:57] {Threei} cover half LVS near support

[10:57] {Threei} take advantage of aggressive entry

[10:58] {Threei} see if we get breakdown for the balance

[10:59] {Threei} (US) ICO: August world coffee exports were 7.31M bags

[10:59] {Threei} hmmm... us west coasters drunk half of that I think

[10:59] {Threei} between ese, patience, cosmo and myself

[11:00] {Threei} and dp prefers vodka

[11:00] {Threei} new low LVS

[11:00] {dptl} :) yes

[11:00] {Threei} cover 1/4 more

[11:00] {nemo} ty

[11:00] {Threei} welcome sir

[11:01] {Threei} see larisa? I try hard to be polite

[11:01] {Threei} and sometimes even suceed

[11:02] {Threei} although I have to admit, politness fits me like ballet shoes fit a cow

[11:03] {nemo} hig vad

[11:03] {dino} yong

[11:03] {Threei} bumping of 27...

[11:03] {Threei} not sure about it nemo

[11:03] {Threei} YONG Strength attributed to positive comments from Navallier (8.43, +0.28, 3.44%)

[11:03] {Threei} well

[11:03] {nemo} volume up the last 15 minutes

[11:03] {Threei} if you are ok with 10 cents stop on HIG, why not

[11:03] {Threei} it's a valid setup

[11:04] {Threei} it's just that shorts have this more natural feel to them right now

[11:04] {Threei} LVS short felt right

[11:04] {nemo} yes

[11:05] {Threei} guess who is on TV

[11:05] {nemo} Barbara Streisand?

[11:05] {Threei} you wish

[11:05] {nemo} not really

[11:05] {Threei} lol

[11:06] {nemo} palm strong

[11:07] {Threei} 83% Say Congress Should Post Bills Online For All To Read Before Voting On Them

[11:07] {Threei} fat chance

[11:07] {Threei} that would create situation where constituents read it while enators didn't

[11:07] {nemo} tck and fcx strong

[11:10] {Threei} thank goodness HIG long is ivalidated

[11:10] {Threei} felt uneasy about it

[11:11] {Threei} stop for the last piece of LVS to above .60

[11:15] {Threei} Short Setup: AIG .50 break

[11:15] {Threei} if stays below .65

[11:15] {Threei} Fed's Lockhart: First time home buyer tax credit has shown results; decision on extending it should be based on the health of the housing market - Q

[11:16] {ese} talk about out of wack.....look at AMSC and then look at the press releases....sheesh

[11:17] {Threei} AIG invalidated

[11:17] {ese} how do they expect me to trade in conditions like this!!

[11:17] {nemo} spy and Q's strengthening

[11:18] {Threei} what's wrong with it ese?

[11:18] {Threei} 100 M contract

[11:18] {Threei} a few upgrades

[11:19] {ese} Broadpoint AmTech reiterates Neutral rating, price target $31

[11:19] {ese} it's trading at 33

[11:19] {Threei} piper says 45

[11:19] {Threei} RBC says 25

[11:19] {Threei} shrug

[11:19] {Threei} as if they know

[11:19] {Threei} since when do you pay any attention to those dummies

[11:19] {ese} Update: Price Target raised to $25 from $15 at RBC Capital, maintains Underperform ratin

[11:20] {ese} indeed

[11:22] {ese} it's just goofy thats all.......let me rephrase.....how do they expect "US" to trade in these conditions

[11:23] {Threei} they don't expect us to do anything... less of all make money

[11:24] {ese} raaaathaaaa......difficult one must say......don't you think (read with upper crust british accent....with coners of mouth pulled back)

[11:25] {dino} sm l clw .32

[11:25] {dino} aipc sm l .25\

[11:26] {fernp} will HIG break 27 one day of these?

[11:26] {nemo} dow recovering well

[11:27] {Threei} I don't like it fern...

[11:27] {Threei} market recovers, HIG stays under this resistance

[11:27] {fernp} yeah

[11:27] {ese} to suck in buyers nemo.....then sell off again....imo

[11:27] {dino} amn sm l ave .08

[11:29] {ese} heres the analogy....."the gates are down....the lights are flashing....but that train just ain't commin"......

[11:29] {ese} hmmmmmmmm you could say that about some peoples mental state as well

[11:30] {Threei} I take severe umbrage

[11:31] {ese} lol

[11:31] {Threei} HIG's breaking down

[11:32] {ese} drys ain't biting this little upturn.....still flatlining.......next downturn.....it's goin with it i'll bet

[11:33] {Threei} RIMM...

[11:33] {ese} just as i say that .......it's spikes up

[11:33] {Threei} .50 is breakout leve

[11:33] {Threei} .35 support

[11:34] {Threei} I'd prefer aggresive entry

[11:37] {Threei} AmEx Global Business Travel Forecast: Expects increases in airfares, especially in business class, in 2010

[11:37] {Threei} - A prolonged period of weak demand in the travel industry depressed prices across travel categories in 2009, most notably in hotel, which as an industry can not reduce capacity as well as airlines and car rental companies. Following this weakened demand in 2009, American Express Business Travel expects a pent up need for travel and meetings to be unleashed in 2010. Fuel prices, along with sustained signs of a restarting economy, could also generate slight up-ticks in travel category prices worldwide, particularly in Asia Pacific.

[11:37] {Threei} related AXP AMR UAUA LCC

[11:41] {Threei} RIMM invalidated

[11:41] {nemo} lvs short?

[11:41] {Threei} did Cramer really recommend CIT yesterday?

[11:41] {nemo} yep

[11:41] {Threei} let's see whether I can spell inkredible

[11:41] {nemo} nope

[11:42] {Threei} yes I cak... inkorrektly but who kares

[11:42] {nemo} naught me

[11:42] {Threei} LVS, no

[11:45] {Threei} HIG... was worth a short... why did I hesitate to call it

[11:46] {Threei} all the makngs of breskdown were there

[11:48] {nemo} lvs shapping up as down?

[11:48] {Threei} say what?

[11:48] {nemo} short.. it broke support

[11:49] {Threei} I suspect English is far from being your first language...

[11:49] {Threei} or second

[11:49] {nemo} Warum sagt dass?

[11:49] {Threei} or your language at all

[11:49] {Threei} I don't see LVS as a play here

[11:49] {Threei} either way

[11:52] {ese} am back....logged of accidentally there......."the gates are down....the lights are flashing ...but that train for ese is just not coming"

[11:53] {Threei} worst yet ese... you missed important thing

[11:53] {Threei} nemo sayz I kan't spel...

[11:55] {Threei} NASDAQ ruled PZE trades stand

[11:55] {Threei} I think they are as puzzled as we are

[11:56] {ese} ohhh my goddd how could i miss that

[11:56] {magoo} i think its because its holding here

[11:56] {magoo} obviously the "efficient: mkt want a $6 at $17 in less than 3 minutes

[11:56] {ese} mags are going to be doing anything with rimm

[11:57] {ese} you

[11:57] {Threei} I am genuinely puzzled by the whole thing mags, I've never seen anything like this

[11:57] {nemo} aig broke

[11:57] {Threei} the merger was known for a year, and the date of completion was desgianted from the get go

[11:58] {Threei} why this thing sat in place and then went up only this mroning is beyond me

[11:59] {magoo} i am stalking rimm..not in ..watching aig too

[12:00] {Threei} AIG, watch for dive under .90

[12:00] {Threei} .80 is support for stop placement

[12:00] {Threei} so if you can grab it as close to .80 as possible, on first sign of strength after such dive

[12:01] {Threei} RIMM{ don't know... no structure that I see

[12:02] {Threei} BCRX

[12:02] {ese} tks

[12:02] {Threei} Upgraded as Top Buy in Michael Murphy newsletter

[12:02] {ese} rimm or bcrx

[12:02] {Threei} BCRX

[12:02] {dino} would rather own rimm

[12:03] {Threei} Michael Murphy begs to differ

[12:03] {Threei} as if I knew who he was

[12:04] {Threei} AIG doesn't want to lose .90

[12:05] {Threei} should do so now

[12:06] {magoo} we need mkt help also

[12:06] {Threei} goes without saying

[12:07] {Threei} ok... you can reverse to the upside now markety

[12:09] {Threei} 000270.KS Car production waning due to cash-for-clunkers program

[12:09] {Threei} that's Kia

06[12:09] * Threei kicks market and AIG in the rear

06[12:10] * Threei kicks market and AIG in the rear with heavy duty steel toe army boots

[12:11] {nemo} oooohhhh...heavy artillery....haven't seen that in a while

[12:11] {Threei} that's beuase I was trying to become kinder and gentlier

[12:11] {Threei} now I gave up on that... sorry larisa

[12:11] {nemo} yeah...you failed miserably

[12:11] {Threei} yup

[12:12] {nemo} and damn proud of it I might add

[12:12] {Threei} totally

[12:13] {Threei} market is frozen stiff

[12:16] {Threei} out half AIG

[12:16] {Threei} 43.99

[12:17] {Threei} see? violence works

[12:17] {nemo} geez...might end up with positive indexes

[12:17] {Threei} kind word and a gun are so much more effective than kind word alone

[12:18] {Threei} the most beautiful aspect of this play was this patient waiting for entry... letting market come to us

[12:19] {magoo} ,

[12:20] {Threei} not to put too fine point on it, mags?

[12:20] {Threei} Fed's Lockhart: FOMC members differ on exit strategy timing pace

[12:20] {Threei} credit programs are winding down; credit markets showing healthy signs

[12:21] {Threei} sheesh... leave timing alone for now, tell us what exactly exit strategy even is

[12:22] {ese} somethings rotten in Denmark I tell ya.......this smooth little climb in the qqqq and indexes is not indicative of a change in trend.....still waitin on drys

[12:23] {Threei} told by someone who visited Denmark recently - I'd listen

[12:24] {ese} ya ya.....i'm tellin ya......ya ya

[12:24] {Threei} oh boy... look who has opened his mouth:

[12:24] {Threei} (US) Former Fed Chairman Greenspan: no return to recession in 2010

[12:24] {Threei} some just don't possess this ability to shut the f'up

[12:25] {ese} wait a minute.......just a few weeks back he said things were gonna get worse

[12:25] {Threei} and he said there was no housing bubble

[12:25] {ese} yup

[12:25] {Threei} and he was all for gold standard until he was against

[12:25] {dino} so he will be right no matter what

[12:25] {Threei} there you go

[12:26] {Threei} more from him:

[12:26] {Threei} $2T balance sheets "not sustainable"

[12:26] {Threei} - U.S. growth to average 3-4% in next six months and is currently in "disinflationary" period

[12:26] {nemo} what's "disinflationary"?

[12:26] {Threei} CHTP Share strength attributable to positive comments from TheStreet.com's Adam Feuerstein (2.50, +0.09, 3.73%) (related GETA PARD )

[12:27] {nemo} I know, "deflationary" and "inflationary" but...is that another word for "stagflation"?

[12:27] {Threei} nemo, there is ingection, and then there is disinfection

[12:27] {Threei} infectio

[12:27] {nemo} skip it

[12:28] {Threei} why... I feel the need to fill the void in your language skills {G}

[12:28] {Threei} can't you see I am really qualified?

[12:28] {Threei} I meant "kan't"

[12:28] {nemo} Immanuel?

[12:29] {Threei} yeah, him

[12:29] {dino} well nemo, as clinton would say, "depends on the definition of is "

[12:29] {Threei} not trailing stop for second half AIG

[12:29] {Threei} still under .80

[12:30] {Threei} it was miniscule to begin with

[12:34] {nemo} market is amazing, that bad news, and it's coming back

[12:35] {Threei} wasn't it what I insinuated in the morning?

[12:35] {nemo} No

[12:35] {nemo} You pretty much said it directly

[12:35] {Threei} ah come on

[12:35] {Threei} how often do I get a chance to say "insinuated"

[12:35] {nemo} as often as you want...it's your IM room

[12:36] {dino} lol

[12:38] {Threei} go already AIG

[12:39] {Threei} can't believe this ball of fire takes this long to resolve

06[12:39] * Threei prodes AIG with electrocharged sharp stick

[12:40] {Threei} like poking amoeba

[12:40] {Threei} offering 1/4 more .18

[12:41] {Threei} hit

[12:41] {Threei} stop to under 44 for the last portion

[12:41] {magoo} thought alot highger

[12:41] {Threei} offering at .35

[12:41] {Threei} I am modest magoo

[12:41] {Threei} and humble

[12:41] {Threei} this is the last virtue I still possess

[12:42] {nemo} ow!

[12:42] {nemo} think I sprained my arm falling off my chair

[12:42] {Threei} that's what you get for not belueving me

[12:43] {Threei} (US) US military dispatches two F-16s to intercept small single engine plane not responding to radio calls (related GLD USO )

[12:43] {Threei} where?

[12:43] {Threei} Fed's Kohn: Low rates will likely exist for an extended period; can not predict how rapidly rates will rise; calibrating end of accomodation willl be a challenge

[12:43] {Threei} - Fed could influence rates through asset sales

[12:43] {Threei} - Fed developing additional methods for draining reserves

[12:43] {Threei} - Economy, inflation to determine exit timing

[12:43] {Threei} - Confident on interest on reserves as exit tool

[12:45] {Threei} oh look, my favorite guys speak:

[12:45] {Threei} EU) ECB's Trichet: It is a very demanding time, many lessons must be learned from the crisis

[12:45] {Threei} "these are trying times, my son"...

[12:46] {Threei} small plane in the line is above Indiana

[12:46] {Threei} it's down now, not terror related

[12:47] {Threei} one of the lessons was that the global financial system was too fragile -

[12:47] {Threei} that's deep

[12:49] {Threei} come on AIG

[12:49] {Threei} so close

[12:51] {dino} icfi

[12:51] {magoo} once u fill vad..it prob blows to .80 area

[12:51] {Threei} I don't have a feel for it anymore

[12:51] {Threei} just playing it formally

[12:52] {Threei} can't tell whether it's likely to go more or this is it

[12:56] {ese} well alrighty then.....the market keeps on going up....except when it doesn't

[12:56] {Threei} ewzaktly

[12:57] {Threei} no... wrong spelling

[12:57] {Threei} eqzaktly

[12:57] {Threei} there

[12:57] {nemo} or presicily

[12:57] {Threei} or zat

[12:57] {ese} it's got me bafoozled

[12:57] {dino} out clw .41, +1.16

[12:57] {Threei} wtg dino

[12:57] {nemo} nice

[12:57] {dino} 1.09 opps

[12:58] {Threei} really oops

[12:58] {nemo} take it back vad

[12:58] {Threei} I withdraw my wtg

[12:58] {dino} lol

[12:58] {nemo} $1.09...that's terrible

[12:58] {Threei} yeash, what were you thinking dino

[12:58] {dino} not sure on amn, yesterday took off when i sold

[12:58] {nemo} Can't believe he even wanted to tell us

[12:58] {ese} wow....is all i can say dino...the volume on that is thinner than toilet paper

[12:58] {Threei} just roll with it ese... don't try to predict

[12:59] {dino} 300 only es

[12:59] {nemo} 1 ply toilet paper

[12:59] {Threei} better minds than ours got burned trying to predict general market direction

[12:59] {ese} nice though

[12:59] {Threei} and guess what - they never made any mney

[12:59] {dino} ty

[13:00] {Threei} but they sure wrote a lot of books explaining why no one can read thae market

[13:00] {magoo} mkts LAUCHED

[13:01] {Threei} (IS) Bank of Israel's Fisher: Not planning to raise rates every month

[13:01] {Threei} let's move?

[13:02] {Threei} sheesh... all this market move, and HIG just now broke that 27

[13:02] {magoo} and AIG cant get out of anus either vad

[13:03] {magoo} with mkt clinmb like this, should be testying highs

[13:05] {Threei} (US) Fed's Kohn: Fed has to keep inflation expectations anchored- Q

[13:05] {Threei} - Lot of slack in the economy

[13:05] {Threei} - Maybe extended periods before the removal of low rates

[13:09] {Threei} Ford Credit CEO: We intend to be profitable in near term

[13:09] {Threei} - Looking for alternative sources of funding

[13:26] {Threei} finally!

[13:26] {Threei} out AIG .35, +.50

[13:27] {Threei} can you believe the time it took?

[13:27] {Threei} on AIG,no less - stock that used to move 50 cents in seconds

[13:28] {ese} gotta go make music.....see ya tomorow

[13:28] {Threei} take care ese, make good music

[13:28] {ese} see ya vad

[13:41] {dino} cya

[13:41] {Threei} lol dino

[13:41] {Threei} you are slower than AIG

[13:45] {Threei} CBAK... one thing we missed big today

[13:45] {nemo} were you too busy patting yourself on the back about something?

[13:46] {Threei} that, and looking for a reason to slap you with frozen trout

[13:46] {Threei} luckily you provide one

06[13:46] * Threei slaps nemo around a bit with a large frozen trout

[13:46] {nemo} on a minute to minute basis...like you had to look

[13:47] {Threei} ABAT

[13:47] {Threei} ABAT Hearing rumor that ABAT may have gotten an initial order from Apple for lithium ion batteries for MacBooks (4.25, +0.15, 3.66%)

[14:01] {nemo} cat short?

[14:01] {nemo} oops

[14:01] {Threei} no clear read

[14:02] {nemo} you mean: know kleer reed

[14:02] {Threei} wow

[14:02] {Threei} that's good

[14:02] {nemo} ow

[14:02] {Threei} I need to learn new words

[14:03] {nemo} sprained my other arm falling off the chair after you complimented (?) me

[14:03] {Threei} expand my vocabulary beyond "fire bad, tree good"

[14:03] {Threei} why is it so unexpected... I like to thin of myself as strict but fair

[14:04] {nemo} we'll just call you Ivan

[14:04] {Threei} why? he was really terrible

[14:04] {larisa} I want to kick out both of you now :)

[14:04] {Threei} rofl

[14:04] {nemo} kicked out your own room

[14:04] {nemo} hahahahahaha...typical divorce result

[14:12] {nemo} mmmhh...cat restablished a range, although long would be the thought here...Oh, no, I thought

[14:13] {Threei} RIMM could be more interesting olayer soon

[14:21] {Threei} (US) Reportedly EPA plans to propose limitation of emission rules to "big emitters" (related CARBX )

[14:21] {Threei} heh

[14:22] {Threei} this is the way to move cap and trade witholut senate

[14:30] {Threei} (US) Senate's Dodd: timing "critical" on regulatory reform

[14:30] {Threei} - In October the Senate will write bill on financial rules, but could act in late November and October

[14:31] {Threei} US) Fed's Tarullo: Charge on systemically important firms a promising idea

[14:31] {Threei} - Need to raise capital rules for traded securities

[14:31] {Threei} (CA) Canada's PM Harper: economic performance better than the U.S.

[14:31] {Threei} - Sees beginnings of a fragile recovery

[14:32] {Threei} Short Setup: RIMM 68 break

[14:32] {Threei} if sstays below .10 - .15

[14:39] {Threei} wow

[14:39] {Threei} US) Congressman Sherman: to introduce a bill on Credit Rating companies as soon as next week

[14:39] {Threei} - Bill would empower the government, rather than private firms, to choose who rates debt

[14:39] {Threei} huh???

[14:42] {nemo} probably get tayp paynting into EOQ today

[14:52] {dino} hrp

[14:57] {Threei} before we start searching for last hour plays,

[14:57] {Threei} http://www.realitytrader.com/photography/2009/09/past-curfrew.html

[14:57] {nemo} Ahhhh....I wish I felt like that when I'm trading :)

[14:58] {larisa} is it your plane? :) nice pics

[14:58] {Threei} ty

[14:58] {Threei} and no

[14:58] {Threei} lol

[14:58] {nemo} he's got a 727

[14:59] {Threei} no way... too big carbon footprint {GGG}

[14:59] {larisa} RIMM lost 68

[15:01] {Threei} too sharp drop into support

[15:01] {Threei} couldn't go for it

[15:01] {nemo} everyting is losing support

[15:01] {Threei} bounce into new resistance however

[15:01] {Threei} will be inmteresting to try and short intp

[15:03] {Threei} (US) Moody's: Uncertainty surrounding FDIC "safe harbor" status may affect some credit

[15:03] {Threei} - The ongoing uncertainty over whether the FDIC will continue to grant "safe harbor" status to the securitizations of banks in receivership once new accounting rules are in place could lead to many Aaa-rated U.S. credit card transactions being placed under review for possible downgrade, says Moody''s Investors Service in a new report.

[15:06] {Threei} no bounce for short on RIMM so far

[15:16] {fernp} ok. another slow day but profitable

[15:16] {fernp} good evening everybody. see u all tomorrow

[15:16] {Threei} take care fern

[15:16] {Threei} sorry it's so slow

[15:17] {nemo} I'll take boring and profitable over fast and...(insert hyperbolic adjective here)

[15:18] {fernp} Vad, are you guilty of this slow pace? lol

[15:18] {Threei} well, my favorite days are those when we make 3-5 profitable trades in quick succession after the open, and then I get to ask : can I go home?

[15:18] {nemo} It's magoos fault

[15:18] {Threei} well, fern... people want to blame someone, why not me?? :)

[15:18] {Threei} actually we may establish rolling blame

[15:19] {Threei} tomorrow it will be magoo

[15:19] {fernp} ok. I hate you :)

[15:19] {patience} i did one very boring trade in Teck (my favourite atm) +1.43 happy day :)

[15:19] {Threei} hehe

[15:19] {nemo} so you bottom and top ticked it, geez

[15:19] {patience} i sold 4 cents from the top

[15:19] {patience} :)

[15:20] {Threei} USGS reports 6.3 magnitude earthquake in La Paz, Peru

[15:20] {Threei} what is it

[15:21] {Threei} end of the world is coming?

[15:21] {nemo} what patience, just bought it at S1?

[15:21] {dino} pag

[15:21] {Threei} quake a day

[15:21] {nemo} 12/21/2012

[15:21] {patience} sorry nemo, what is s1

[15:21] {nemo} first support under pivot, it bounced right there

[15:22] {patience} i buy below 30 rsi and i sold above 70

[15:22] {patience} it is oversold right now

[15:22] {patience} trying to decide if i want to be greedy and scalp it...but don't like end of day trades

[15:22] {nemo} geez...don't tell Vad you're using indicators

[15:23] {patience} he knows i still scalp

[15:23] {patience} :)

[15:23] {nemo} which rsi settings do you use?

[15:23] {patience} 5 and 15 for scalping

[15:24] {Threei} AIG

[15:24] {patience} minutes i mean

[15:24] {Threei} let's see if we can get a bounce from .50

[15:24] {Threei} alternatively, .50 break is short if market resumes downward

[15:24] {Threei} so, what we need is upport envelop

[15:25] {Threei} .65

[15:26] {Threei} Short Setup: AIG .50 break if holding below .65 and market drops

[15:26] {Threei} Long Setup: AIG .65 break if holding above .50 and market goes up

[15:26] {Threei} long side sets up

[15:29] {magoo} hig bruta;l again

[15:29] {Threei} sharp downtick market

[15:39] {Threei} this is chnese water torture

[15:39] {nemo} with bamboo shoots under fingernails

[15:40] {nemo} geez

[15:40] {larisa} long at .50 and short at .65 would be perfect :)

[15:40] {Threei} no kidding

[15:40] {Threei} turned into range play

[15:40] {nemo} hedged?

[15:41] {larisa} no, playing range

[15:41] {Threei} initial idea was to enter long closer to .50

[15:41] {Threei} ad that was what I should have stayed with

[15:42] {Threei} okay, finally

[15:42] {Threei} what, still not it??

[15:42] {Threei} come on

[15:42] {larisa} lol

[15:44] {nemo} how's the water?

06[15:46] * Threei whips AIG with donkey's tail

[15:51] {Threei} fiiiinally

[15:51] {magoo} out .77 for chrisssake

[15:51] {magoo} lol

[15:51] {Threei} out .77

[15:51] {Threei} ain't I stubborn

[15:51] {magoo} imagune..i HIG too..same scenario

[15:51] {magoo} tiorture

[15:51] {Threei} where do you think I got donky tail

[15:52] {magoo} out HIG .57 sheesh

[15:52] {Threei} wtg

[15:52] {magoo} brutal;

[15:52] {Threei} I didn't like HIG

[15:52] {magoo} well..hig doesnt like u either

[15:52] {Threei} no... I abused it for too long

[15:53] {Threei} AIG over 1:1

[15:53] {magoo} and it - u

[15:53] {Threei} if it wasn't so close to eod, I'd sit till over .80, lol

[15:53] {Threei} okay... as fern said - torturous day but profitable

[15:54] {Threei} any chance we would close in green?

[15:55] {Threei} AIG 1:2

[15:56] {Threei} mags, if tomorrow we have a slow day it's your turn to take blame

[15:56] {Threei} NQ's green

[15:57] {Threei} DJI 20 points to green

[15:57] {Threei} and 4 minutes

[15:57] {Threei} can it or can it not?

[15:57] {Threei} 15

[15:58] {magoo} :)

[15:58] {Threei} wrong way

[15:58] {Threei} -30

[15:58] {Threei} 2 min

[15:58] {Threei} not going to happen

[15:58] {Threei} red it is

[15:58] {magoo} oops i kicked wrong

[15:58] {Threei} argh

[15:59] {Threei} told you: broch marks the front

[15:59] {nemo} what?

[15:59] {Threei} for russian speaking: tam gde broshka tam kazhetsja pered...

[16:00] {nemo} stob ....... e denge bili

[16:00] {Threei} pinb

[16:00] {Threei} pin

[16:00] {Threei} okay guys

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {Threei} see you tomorrow

[16:00] {larisa} bye :)

[16:00] {magoo} ty

[16:00] {lasertrev} gn all

[16:01] {nemo} gnite

Sep 29 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Sleepy but nicely profitable day. AIG, RIMM, UAUA, GAME worked nicely for us, with two small stops on HIG and CHIP.

Session Time: Tue Sep 29 00:00:00 2009

[06:38] {KSystems} *yawn*

[06:38] {KSystems} good morning

[07:59] {magoo} morning

[08:08] {ese} good morning if anyone is hangin

[08:11] {patience} morning ese :)

[08:15] {ese} morning patience....sure has been beautiful in our neck of the woods lately

[08:16] {ese} aside from yesterday that is

[08:16] {ese} love this time of year

[08:21] {patience} had to turn the heat on yesterday....slippery slope from here ese

[08:22] {ese} yup....me thinks your right......i've got mine on now......

[08:23] {ese} what are you looking at this morning

[08:43] {Threei} Good morning

[08:43] {magoo} :)

[08:44] {Threei} SQNM is ugly

[08:44] {ese} morning vad...mags

[08:44] {ese} just reading that now

[08:44] {Threei} magoo, ese :)

[08:45] {Threei} SIGA

[08:45] {ese} failed to put in place proper protocals for research.......yuk

[08:45] {Threei} news is probably not very significant but chart is interesting

[08:46] {ese} CIT

[08:46] {ese} big volume....merger on horizon

[08:47] {Threei} lol... marriage made in heaven:

[08:47] {Threei} CIT Group Inc Investor John Paulson is mulling CIT/IndyMac merger - NY Post

[08:47] {Threei} - Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank , the New York Post said, citing people familiar with the matter.

[08:48] {Threei} troubled company with failed lender

06[08:48] * nemo slaps magoo around a bit with a large trout

[08:48] {Threei} - According to the paper, the merger, a plan floated by a number of CIT's creditors including Paulson, is not part of any formal discussions between CIT and IndyMac. The New York Post also said the plan of merger was one of several being discussed.

06[08:50] * nemo says, "Good Morning Reality Trader Trading Room!"

[08:51] {ese} morning nemo.....i think

[08:51] {nemo} morning, yes.

[08:51] {ese} ahhhhhh

[08:52] {Threei} CIT... daily chart is interesting for 2 break... news wise, don't know

[08:52] {Threei} just a discussion...

[08:52] {Threei} and of who knows what value

[08:53] {ese} i like it....but was thinking long at 1.95

[08:54] {ese} depending on volume of course

[08:54] {dptl} good morning all

[08:55] {ese} bounce today for rimm? mags

[08:55] {dino} gm all

[08:55] {Threei} dp, dino :)

[08:55] {ese} dp dino

[08:56] {dino} :)

[08:56] {nemo} 15 mnute chart looks intriguing for RIMM ese

[08:56] {fernp} good morning everybody

[08:57] {ese} definately......

[08:57] {magoo} vad, u see sqnm bludgeoning

[08:57] {Threei} fern :)

[08:57] {magoo} was 2.80 last nite

[08:57] {Threei} [08:44] {Threei} SQNM is ugly

[08:57] {magoo} oops

[08:57] {magoo} hey see wag,

[08:57] {magoo} not great news either, slight miss'

[08:58] {Threei} and yet

[08:58] {ese} way overbought

[08:58] {dino} wag

[08:58] {lasertrev} gm

[08:59] {nemo} LT :)

[08:59] {ese} trev

[08:59] {magoo} [08:57] {magoo} hey see wag,

[08:59] {Threei} trev :)

06[08:59] * magoo slaps lasertrev around a bit with a large trout

[09:00] {ese} LT used to stand for luxury trim design on my 74 toyota celica

[09:00] {Threei} CASE SHILLER HOME PRICE INDEX: 144.23 V 141.86 PRIOR

[09:00] {Threei} COMPOSITE-20 Y/Y: -13.30% V -15.40% PRIOR

[09:00] {Threei} - Prior Home Price Index revised from 141.86 to 141.94

[09:01] {ese} HBAN raised to outperform

[09:03] {ese} russian bad loads up,,,,,yours one of them vad......a way to get even perchance

[09:03] {Threei} they don/t include mine

[09:03] {ese} oh

[09:04] {nemo} dcc ese

[09:05] {Threei} either trying to make stats look prettier or in (vain) hope to get it back

[09:08] {nemo} rimm interesting on 5 minute

[09:10] {nemo} aig looking frisky too

[09:14] {nemo} hig again

[09:15] {Threei} HIG is a toothache in the heart

[09:16] {nemo} hi lari :)!

[09:16] {larisa} gm :)

[09:17] {Threei} larisa :)

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

[09:17] {ese} laris

[09:18] {larisa} hi ese

[09:19] {ese} vad....hban 1min chart.....flat lining at .40 opinion?

[09:21] {nemo} aig forming tight range

[09:21] {Threei} hard to tell ese...

[09:21] {Threei} see, this one either gets momo or fails

[09:22] {Threei} and premarket volume and pace on it are not very impressive so far

[09:22] {ese} ya true

[09:22] {Threei} daily chart has important resistance at 4.50

[09:22] {ese} tks

[09:23] {ese} ya ...should be more than 1 mil shs to this point

[09:27] {Threei} a lot of buying at 11 on GAME

[09:28] {Threei} aww

[09:28] {Threei} moved

[09:28] {nemo} rimm too

[09:31] {Threei} watching HIG

[09:32] {Threei} Long Setup: GAME 11.10 break

[09:33] {Threei} if stays above 11

[09:33] {magoo} in

[09:33] {Threei} missed HIG

[09:33] {fernp} in

[09:33] {nemo} short fill

[09:35] {Threei} 1:1, half out

[09:35] {fernp} ty Vad

[09:36] {magoo} out game .24 TY

[09:36] {Threei} over 1:2

[09:36] {Threei} 1/4 more out

[09:39] {Threei} HIG, let's see if we get double bottom

[09:39] {Threei} want quick dive under .60

[09:40] {Threei} .70 break if never loses .60 is a possibility

[09:40] {nemo} too quick

[09:40] {Threei} yeah

[09:40] {fernp} missed

[09:40] {nemo} mags got it

[09:40] {Threei} done with GAME for now

[09:41] {Threei} HIG...

[09:41] {Threei} 29 break is probably momo launch

[09:43] {Threei} Long Setup: HIG .90 break if holding above .75

[09:43] {Threei} aggressive entry

[09:44] {nemo} probably test yesteray's close

[09:45] {magoo} which was?

[09:45] {nemo} .62

[09:45] {magoo} MBI wow

[09:46] {Threei} Long Setup: HIG .70 break if holding above .55

[09:51] {Threei} last modification on HIG

[09:51] {Threei} .55 break long

[09:51] {Threei} if stays above .45

[09:52] {Threei} no go

[09:52] {fernp} yeah

[09:52] {Threei} so far GAME is the only game

[09:53] {dino} cedc hl l ,35

[09:53] {dino} .

[10:00] {Threei} US) SEPT CONSUMER CONFIDENCE: 53.1 V 57E

[10:00] {dino} ouch

[10:00] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection (as expected)

[10:01] {dino} 70 pt swing in minute

[10:01] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection; Will raise $45B through prepayments (as expected)

[10:01] {Threei} - See deposit insurance fund being in the red by the end of the month

[10:01] {Threei} yeah, waiting it out

[10:02] {Threei} who would have expected... out of all stocks you could think of LULU is one of the strongest

[10:03] {Threei} AIG serious selloff

[10:04] {Threei} ANGO FDA says company websites misbranded sotradecol by failing to give info regarding risks and efficacy (13.92, -0.20, -1.42%)

[10:05] {Threei} DSCO Ticks higher ahead of scheduled meeting with FDA today on Surfaxin

[10:05] {Threei} - on Sept 10, the company announced FDA scheduled a meeting for September 29, 2009

[10:08] {Threei} real blast from the past: NAVR

[10:08] {Threei} didn't think it evenh existed still

[10:09] {nemo} read hig vad

[10:09] {nemo} please

[10:10] {nemo} oops, chart off...nevermind

[10:10] {Threei} HIG is highly market dependent here

[10:10] {Threei} and market is very uncertain

[10:10] {nemo} oh yeah, mirroring spy

[10:13] {Threei} something about UAUA

[10:14] {Threei} daily feels like some tension gathers for the runup

[10:15] {Threei} I normally don't like playing breaks on it

[10:15] {Threei} if retreats toward .30, will be inetresting to try

[10:16] {Threei} with stop under .20

[10:16] {Threei} DSCO again...

[10:16] {nemo} read cat vad?

[10:16] {Threei} CTT Sells 50 Pain Therapy Medical Devices (2.37, +0.14, 6.28%)

[10:17] {Threei} CTT momo

[10:17] {Threei} none on CAT

[10:19] {Threei} I start getting this feeling

[10:19] {Threei} and no, it's not gas

[10:20] {Threei} market prepares for a runup

[10:21] {Threei} not sure whether it materializes today or later in thw week

[10:21] {Threei} but look at the action

[10:21] {Threei} Everything was ready for a serious reversal, right?

[10:21] {nemo} just been consolidations

[10:21] {Threei} couple red days, bears get inspored finally

[10:22] {Threei} then we get a strong green day, and it becomes a matter of "whether it's just a snapback or it was a pullback that bottoms out now"

[10:23] {Threei} today we get disastrous confidence numbers

[10:23] {nemo} it's also eoq

[10:23] {Threei} and market manages to sell for whole 5 mnutes

[10:23] {Threei} and now lingers around flat for the day

[10:24] {Threei} DJI is down 12 point

[10:24] {Threei} NASDAQ 2

[10:24] {Threei} AIG Hearing weakness in name attributed to negative commentary out of Asensio, place vlaue of firm at $0.001/share

[10:24] {Threei} jeez

[10:24] {Threei} haven't heard of Asensio since 2001 I think, LOL

[10:26] {magoo} nice...1 cent...

[10:30] {ese} ya ......have to say vad i can't remember the last time i've heard that name either

[10:30] {ese} .01 cent ehhhhhh.......must have taken all his valuing skills to come up with that one

[10:33] {Threei} we haven't seen full report, maybe he is talking in pre-split prices?

[10:35] {nemo} aig downward triangle testing support from yesteray

[10:41] {ese} any opinions on rimm.....mags......wait another day then go long maybe ?

[10:42] {ese} you play it alot

[10:44] {nemo} aig,,,definition of trend line

[10:45] {Threei} (US) Senate draft of climate bill sets emissions auction floor at $10/ton

[10:45] {Threei} - Emissions to be capped at 6.6B tons in 2012

[10:45] {Threei} - Draft would allow for offsets of up to 2B tons of carbon emissions

[10:45] {Threei} - Trading to start in 2012

[10:45] {fernp} yes, perfect downtrend AIG

[10:46] {nemo} which means everybody else sees it

[10:46] {nemo} so much for that

[10:47] {nemo} yesterday's close was .19

[10:49] {fernp} UAUA around .30 Vad ... but chart is not very interesting

[10:50] {Threei} .25 break was what I was looking for as entry fern, but it jumped while I typed

[10:50] {Threei} it's there again

[10:50] {Threei} if market starts upticking here, will be valid setup

[10:50] {fernp} ok with stop under .20

[10:50] {Threei} right

[10:52] {Threei} even holding against the market...

[10:52] {Threei} HIG too

[10:53] {Threei} HIG looks nice for 28 break

[10:53] {Threei} World Bank's Zoellick: role of the US dollar "remains very significant" (related EUR/USD )

[10:54] {Threei} you think?

[10:54] {Threei} sigh

[10:55] {Threei} CIT Hearing Businessinsider reports refutes acticle in this mornings NY Post (1.80, +0.13, 7.78%)

[10:58] {Threei} (RU) Russian Industry Ministry proposes minimum price for beer sales (related BUD )

[11:01] {nemo} aig broke support for the moment

[11:03] {Threei} Fed Reserve: Proposes rules restricting credit card lending to people under 21

[11:03] {Threei} well

[11:03] {Threei} if they can't be trusted with drinking

[11:03] {nemo} hell, I can't be trusted with drinking

[11:09] {Threei} this quietness is remarkable

[11:09] {Threei} everything was p;ointing out to furious selling

[11:09] {Threei} and instead we have market sitting pretty, doing nothing

[11:10] {Threei} reallty feels like explosion is in cards

[11:10] {nemo} which way though...

[11:11] {Threei} if I meant down I'd say implosion

[11:11] {nemo} oh yeah, right

[11:11] {nemo} dbi jbe

[11:16] {Threei} UAUA 1"1

[11:18] {fernp} yes , waiting .33

[11:25] {Threei} Province of Ontario reportedly files C$50B suit against tobacco firms seeking to recover health care costs (related RAI MO PM LO )

[11:25] {Threei} 50B eh

[11:26] {Threei} let's fix all our financial problems on the back of tobacco companies, lol

[11:27] {Threei} good boy UAUA

[11:27] {magoo} laser quotes are shit again here..anyone else?

[11:27] {fernp} out UAUA ty Vad

[11:27] {Threei} fine here

[11:28] {Threei} fern :)

[11:28] {magoo} ive tried every server..whicjh u on?

[11:28] {nemo} I seem to be o.k.

[11:28] {Threei} 12th

[11:28] {nemo} 4

[11:28] {magoo} ty

[11:31] {nemo} aig up against resistance

[11:36] {Threei} MNKD Achieves main endpoint of Phase 2/3 study, shows AFRESA provides rapid suppression of Endogenous Glucose Production in Diabetes Patients

[11:36] {Threei} - Results from the open-label, single-dose, three-way crossover study showed that endogenous glucose... (10.37, +0.57, 5.82%) more...

[11:37] {dptl} see ya tomorrow all...have a good rest of the day

[11:37] {Threei} take care dp

[11:40] {magoo} vad u see MJN

[11:41] {Threei} yeah but

[11:41] {Threei} Mead Johnson Nutrition Company Hearing strength attributed to takeover speculation

[11:41] {Threei} - FT Alphaville speculates that Danone might make a bid for the company, and that it could fetch $12B in such a deal.

[11:46] {Threei} CHIP Announces $10 Million Financing Commitment (3.15, +0.08, 2.61%)

[11:46] {Threei} daily's nice on CHIP

[11:47] {Threei} holding 3 as oullback support, volume all but disappeared on pullback

[11:48] {Threei} has a history of a runner

[11:48] {Threei} there is a chance traders try to run it once again

[11:50] {Threei} if this offer at .22 is taken, it's a runner

[11:50] {nemo} you saying break of .22?

[11:50] {Threei} this is momo mover

[11:50] {Threei} no technicals on those

[11:51] {nemo} hope it doesn't become a roto rooter

[11:51] {Threei} you have a feel for momo, it's a player

[11:51] {Threei} you don't - stay away

[11:51] {nemo} I have the sensitivity of a quadraplegic rock

[12:01] {Threei} UAUA repeated the trick

[12:01] {Threei} was harder to read this time

[12:01] {nemo} read hig vad?

[12:02] {Threei} it doesn't do anything

[12:02] {magoo} except decay

[12:02] {Threei} may bounce, may rot more

[12:02] {Threei} roll the dice

[12:21] {Threei} Long Setup: RIMM .10 break if holding 67

[12:22] {ese} finally somebody watching rimm

[12:23] {Threei} invalidated anyway

[12:23] {Threei} may reestablish

[12:24] {ese} asked a question re rimm an hour ago to which everybody ignored me........to heck with all of ya

[12:24] {larisa} lol

[12:24] {nemo} didn't see it ese...you know I wouldn't ignore you...I know how sensitive you are

[12:24] {ese} i don't need any of you *&^*&&^&^*((**&

[12:24] {nemo} fur crissakes I was dcc'ing you this morning

[12:24] {Threei} lol

[12:25] {larisa} you asked magoo, ese, not us :)

[12:25] {ese} your the only friend i've got on this board nemo

[12:25] {ese} well...well..... whats that got to do with it ehhhhhhh

[12:26] {nemo} you hearing voices dude?

[12:26] {ese} you talkin about the person that i can't see .....and is giving me advice

[12:26] {dino} ngs

[12:26] {nemo} yeah...Harvey

[12:27] {ese} tells me when to buy and when to sell

[12:27] {ese} ya ya .....thats him.......ya ya .....do you know him to?

[12:28] {nemo} big ears, furry, whiskers

[12:28] {nemo} likes veggies

[12:28] {ese} ya ya thats him........

[12:28] {ese} ahhhhhhhh don't know about that

[12:28] {Threei} hmm... wait a minute

[12:29] {dino} amn double bottom in making perhaps. thing is down 20 pts 5 days

[12:29] {Threei} then who is this little green man with trunk in place of nose?

[12:29] {ese} hmmmmmmm

[12:29] {Threei} I thought it was his voice

[12:29] {dino} of course so is rimm

[12:30] {ese} dino you doin anything with amn

[12:30] {ese} man thats thin

[12:30] {dino} thinking of small long, waiting to see if .85 holds

[12:31] {ese} wow

[12:31] {ese} nerves

[12:31] {ese} and you thought i had moxy

[12:31] {Threei} CIT Wilbur Ross comments he might be interested in certain CIT assets if they were for sale (1.86, +0.19, 11.38%)

[12:31] {dino} bwld, pnra, mcd pos.

[12:31] {ese} Jules Vern never goes where you go

[12:32] {nemo} uaua @.25 again

[12:36] {magoo} in rimm btw

[12:38] {Threei} CIT Reportedly in talks with up to $10B credit facility, negotiations are underway - unconfirmed report

[12:43] {ese} ahhhhh so there is something there

[12:46] {ese} where are you in on rimm mags

[12:46] {magoo} 09

[12:46] {magoo} vads call

[12:46] {ese} nice

[12:46] {dino} amn sm l .40

[12:47] {magoo} waiting .30 area

[12:50] {magoo} out here .34 TY vad

[12:50] {Threei} welcome

[12:50] {Threei} slim pickings today but things work

[12:51] {Threei} IA) Iran Foreign Minister: UN nuclear sanctions have failed, US should try a "constructive approach"

[12:52] {magoo} how about the destructive approach ala iraq lol

[12:53] {Threei} AIG

[12:53] {Threei} long .50 break

[12:53] {Threei} if sdtays above .40

[12:57] {Threei} come on AIG

[12:57] {Threei} it's time

[12:58] {magoo} u want more than 1 to 1 right?

[12:58] {Threei} yes

[12:58] {magoo} over 46?

[12:58] {magoo} or ,90 area

[12:58] {Threei} .80 - .90

[12:58] {Threei} can't skip setup with 10 cents risk

[12:59] {Threei} it's AIG for crissake

[13:00] {Threei} aka as 0.01 stock

[13:00] {Threei} according to Asensio

[13:00] {Threei} 1:1

[13:00] {fernp} ty Vad

[13:00] {Threei} :)

[13:00] {nemo} ty

[13:00] {magoo} i reloaded RIMM .50

[13:00] {magoo} waiting .83

[13:01] {Threei} 1:2

[13:03] {Threei} MJN Danone spokesperson says report it may be considering bid for Mead Johnson is a rumor

[13:03] {Threei} - declines further comment (45.23, +1.88, 4.34%)

[13:03] {Threei} as if anyone doubted

[13:04] {Threei} funny day

[13:04] {Threei} trades are few and far between

[13:04] {Threei} but work almost flawlessly

[13:04] {Threei} except just one little stop

[13:05] {Threei} FCC Taskforce: estimates cost of universal broadband at $20 to $350B; more subsidies needed to increase broadband usage

[13:05] {Threei} - 6M Americas still lack access to basic broadband.

[13:05] {Threei} - notes smartphones to overtake sales of standard phones by 2011

[13:06] {Threei} AIG 1:3, and .80 target is hit

[13:06] {magoo} out RIMM ty vad

[13:06] {magoo} .84

[13:06] {Threei} welcome

[13:07] {magoo} oops.83

[13:07] {Threei} stress-free profitable day

[13:07] {dino} heck of a wide estimate, 20 to 350.

[13:07] {Threei} almost making money in your sleep

[13:07] {Threei} no kidding dinop

[13:08] {Threei} reminds me old russian joke mocking official announcements of nuclear tests

[13:08] {Threei} announcements used to say something like:

[13:08] {magoo} run for your life?lol

[13:08] {Threei} "nuclear device is tested, range is from 2 to 15 megaton"

[13:09] {Threei} so the joke went:

[13:09] {Threei} Q: what the heck does it mean, from 2 to 15??

[13:09] {ese} am outa here for the day all.......nice one on rimm mags.......

[13:09] {Threei} A: Well, we though it was 2, but then it really boomed...

[13:10] {Threei} take care ese

[13:10] {magoo} bye ese

[13:10] {ese} see ya vad

[13:10] {fernp} bye ese

[13:11] {nemo} c ya ese

[13:11] {dino} cya es

[13:11] {dino} lol

[13:11] {Threei} gosh... ese left longs ago but good byes just won't stop {G}

[13:12] {dino} popular fellow

[13:12] {Threei} drummer

[13:12] {Threei} thosde are always popular

[13:12] {nemo} I just didn't want him whining tomorrow

[13:14] {dino} exactly

[13:20] {Threei} CHIP

[13:20] {Threei} 2.93 long

[13:20] {Threei} if holding 2.90

[13:20] {nemo} can't handle that big a stop...

[13:21] {nemo} where'd that order go

[13:21] {Threei} at .92?

[13:21] {Threei} was taken out

[13:21] {nemo} yeah I see them

[13:21] {Threei} 2 big prints and many smaller ones

[13:22] {nemo} yeah 139, 26

[13:31] {Threei} oh well

[13:31] {Threei} RIMM...

[13:31] {Threei} starts looking seriously

[13:37] {nemo} aig oops

[13:38] {Threei} ?

[13:38] {nemo} broke as I typed

[13:38] {nemo} thinking break of .64 stop under .50

[13:42] {Threei} Long Setup: RIMM .15 if holding above 68

[13:47] {magoo} have feel AIG gonna take 46..u have read vad?

[13:47] {Threei} not really

[13:47] {Threei} stalled

[13:48] {Threei} RIMM with any market help should go to .50 at least

[13:48] {Threei} AIG, don't know

[13:49] {Threei} BLDP Hearing chatter the Co. could receive a large contract from Mercedes (2.91, +0.40, 15.94%)

[13:52] {magoo} rimm so beat up..wonder if runs to 70

[13:52] {Threei} 1:1

[14:01] {dino} osk

[14:15] {nemo} drys had quite a bump toay

[14:15] {Threei} yeah, I looked at it couple times

[14:16] {Threei} .75 break was the only readable entry point but I happened not to look then

[14:17] {larisa} blinked?

[14:17] {nemo} ese was in this morning at .36, you don't want to know how many shares

[14:17] {larisa} 30K ?

[14:17] {nemo} X2

[14:18] {Threei} good for him if he is still in

[14:19] {larisa} I have low at .43. overnighter? :)

[14:20] {nemo} rimm again Vad?

[14:21] {Threei} as close to 68 as you can get

[14:24] {Threei} first strength from here

[14:25] {Threei} (US) EPA: U.S. Carbon rules for industrial firms may be announced this week

[14:25] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions

[14:27] {Threei} scalpers feel free to take profit

[14:28] {Threei} 5 cents risk, 12 cents profit

[14:29] {Threei} daytraders take profit here

[14:30] {Threei} and you magoo... I'll give my recommendation when I define what you are

[14:35] {fernp} ty for everything Vad

[14:35] {fernp} good evening everybody. see u tomorrow.

[14:36] {magoo} c u fern

[14:36] {nemo} cya fern

[14:36] {Threei} take care fern

[14:41] {Threei} that's one of the strangest trading days in quite a while

[14:42] {nemo} read bbby vad?

[14:42] {Threei} usually it's either very active, exciting and profitable

[14:42] {Threei} or sleepy with nothing to trade

[14:42] {Threei} today it's sleepy and profitable

[14:42] {Threei} and no

[14:42] {Threei} no read on BBBY

[14:43] {nemo} rimm respected the trendline

[14:55] {Threei} (US) Senate Finance Panel rejects Public Health Insurance Option

[14:59] {dino} hum

[15:18] {nemo} aig read vad?

[15:18] {Threei} .50 break... but I'd like to see tighter consolidation

[15:18] {nemo} me too

[15:19] {Threei} and we are running out of time

[15:19] {Threei} well... not literally yet, but not enough time for the trade to develop in case it gets stuck

[15:19] {nemo} tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..

[15:19] {Threei} things move in slow motion today

[15:19] {Threei} one-legged snail through molasses

[15:20] {magoo} read rimm vad ?

[15:20] {dino} every day, in afternoons

[15:21] {Threei} none on RIMM

[15:21] {Threei} yes dino... but today afternoon started in 15 min after market opening, lol

[15:22] {Threei} on, in 35

[15:22] {dino} yes, i've been complaining to magoo, i can't get much going after 11:00 am

[15:29] {dino} out cedc .57 all day for .22, sheesh

[15:30] {Threei} AIG kind of resolved our problem nemo

[15:30] {nemo} yeah, shoulda' looked at it short after failing to break that 3rd attempt

[15:31] {dino} out amn .00, +.60

[15:32] {Threei} list of insurance companies whose interests are linked to public option guys:

[15:32] {Threei} UNH CI WLP HUM AET CVH WCG AGP CNC

[15:35] {dino} bummer amn goes up w/maket dropping, tricked me

[15:36] {Threei} Market Internals update at 3:30pm ET

[15:36] {Threei} - NYSE volume 844M shares, about 1% above its three-month average; advancers lead decliners by 1.1:1.

[15:36] {Threei} - NASDAQ volume 1.71B shares, about 5% below its three-month average; decliners lead advancers by 1.2:1.

[15:36] {Threei} - VIX index +0.4% at 24.97

[15:44] {nemo} damn, lookin' at aig thought too late to scalp

[15:44] {Threei} no setup really

[15:44] {dino} wow did i sell amn too soon, just bounced 1.20

[15:44] {Threei} that was total 50/50

[15:45] {Threei} could break down just as easily

[15:45] {nemo} please...allow me to beat myself up over this

[15:45] {Threei} oh, by all means

[15:45] {Threei} feel free

[15:45] {Threei} tell me if need help

[15:45] {dino} hit me too nemo

[15:45] {nemo} why, what did you do dino

[15:46] {nemo} and what's Magoo been doing?

[15:46] {Threei} 15:44] {dino} wow did i sell amn too soon, just bounced 1.20

[15:46] {Threei} [15:44] {Threei} that was total 50/50

[15:46] {nemo} oh.....yeah, much worse than me missing a .10 scalp

[15:46] {larisa} this will help dino to feel better :)

[15:47] {dino} ty larisa

[15:47] {larisa} lol

[15:47] {dino} almost 2 bucks

[15:47] {larisa} :(

[15:51] {Threei} (US) Senate Panel rejects second Public Option Vote

[15:52] {Threei} (US) Senate Panel rejects second Public Option Vote 13-10

[15:52] {Threei} - Baucus, two other democrats vote down Schumer's amendment

[15:55] {Threei} ok guys, thank you all

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {dino} cya all

[15:56] {larisa} bye :)

[15:56] {nemo} cya

[15:58] {dino} will be watching that amn tomorrow strong finish

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

We made three winning trades in the morning on GAME, CYTK and HIG - and then quotes quit n us. For better or for worse... but that's how the day started and ended.

Session Time: Mon Sep 28 00:00:00 2009

[08:08] {magoo} morning

[08:08] {nemo} mags :)

[08:09] {nemo} rimm continues the down elevator

[08:19] {KSystems} morning

[08:19] {nemo} Tag

[08:50] {Threei} Good morning

[08:50] {ese} good morning vad

[08:50] {Threei} ese :)

[08:50] {nemo} good morning master

[08:50] {nemo} ese dude

[08:51] {ese} due!!!!!

[08:51] {ese} ahhh no dude!!!!

[08:51] {nemo} didn't know you were french

[08:51] {nemo} or italian

[08:54] {ese} german/english....brutal combo

[08:54] {nemo} easy for me and K

[08:55] {magoo} morn vad

[08:55] {nemo} rimm now showing a bit of bounce

[08:55] {cosmo} irish/russian here

[08:55] {Threei} magoo, cosmo :)

[08:55] {nemo} speak gaelic cosmo?

[08:56] {cosmo} ogam

[08:58] {ese} really?.....now thats cool

[08:59] {cosmo} Ogam is the oldest form of writing in Ireland and Scotland. ... the syntax of the Gaelic language in no way lends itself to be written in traditional Ogam.

[09:02] {cosmo} COMS: Gets Bump from Cramer Mention fwiw

[09:04] {Threei} 24 Sep 2009 08:56 COMS Guides Q2 EPS $0.06-0.07 v $0.06e, R$295-305M v $287Me - conf call

[09:04] {Threei} - Sees Q2 gross margins at or around Q1 levels

[09:04] {Threei}

[09:04] {lasertrev} good morning

[09:04] {Threei} trev :)

[09:08] {ese} short squeeze with rimm first then back dn i would figure

[09:09] {ese} trev

[09:09] {nemo} dino :)

[09:11] {lasertrev} morning ese

[09:12] {dino} gm

[09:13] {ese} dino......

[09:14] {Threei} dino :)

[09:18] {Threei} US) Oppenheimer's Gheit: Oil prices are "inflated and unjustified," sees oil demand weak "for years to come"

[09:18] {larisa} gm :)

[09:18] {Threei} larisa :)

[09:20] {cosmo} YRCW

[09:20] {cosmo} watching for the 5 test

[09:21] {Threei} no news

[09:21] {cosmo} k

[09:25] {fernp} good morning everybody

[09:25] {Threei} fern :)

[09:25] {dptl} good morning all

[09:25] {Threei} dp :)

[09:30] {magoo} rimm ripoped

[09:31] {nemo} think eom window dressing?

[09:31] {nemo} eoq also

[09:32] {magoo} lvs dump vad

[09:32] {Threei} ?

[09:32] {nemo} rimm dump

[09:33] {Threei} 20 cents selling

[09:33] {magoo} i meant it did

[09:33] {magoo} im alerting

[09:33] {Threei} how's that quilify as dump?

[09:33] {nemo} does .90 on RIMM?

[09:33] {Threei} how about we leave theory for later?

[09:33] {magoo} XRX dumps

[09:35] {Threei} Long Setup: GAME 11.20

[09:38] {nemo} stop under .03?

[09:38] {Threei} 11 is more natural support

[09:39] {Threei} Long Setup: CYTK .20 break

[09:40] {magoo} rimm qualifies now for dump

[09:40] {Threei} half out GAME

[09:40] {Threei} scalpers take profit

[09:40] {nemo} ty

[09:40] {fernp} ty Vad

[09:41] {Threei} CYTK, if sets up and works, probable bigger mover

[09:41] {Threei} 5 is support and a bit too volatile, so size it accordingly

[09:43] {nemo} lvs vad

[09:44] {Threei} Long Setup: HIG 26 break

[09:45] {Threei} half out

[09:45] {Threei} scalpers take profit

[09:46] {ese} nice one...just missed call

[09:48] {Threei} CYTK chews through huge offers

[09:49] {magoo} out game .43 TY

[09:50] {Threei} 1/4 more out HIG

[09:52] {Threei} out HIG in full

[09:52] {Threei} +.30

[09:52] {magoo} out HIG here .34 TY

[09:53] {magoo} RIMM coiling imo RISKY..im in

[09:55] {magoo} jesus ..out

[09:55] {nemo} mags...conservative trading discussion on Friday

[09:56] {Threei} Attention: CYTK first partial here

[09:56] {Threei} stop to under .10 for the balance

[09:57] {ese} i am just not with the program here.......once again nice one all

[10:03] {nemo} lvs rea Vad?

[10:05] {Threei} .60 break maybe...

[10:05] {nemo} yes

[10:07] {ese} dndn

[10:12] {nemo} reade aone vad?

[10:13] {Threei} none

[10:17] {magoo} read AIG vad?

[10:18] {Threei} none

[10:19] {Threei} CYTK, nears 1:2

[10:19] {Threei} Bank of America Corp Ohio AG: See damages against corporation by shareholders reaching into the billions of USD

[10:19] {Threei} - Suit would target CEO Ken Lewis, CFO Joe Price and John Thain

[10:19] {Threei} - Suit regards allegations of concealed losses at Merrill Lynch leading up to acquisition

[10:20] {ese} dino...anything out there on the horizon

[10:21] {ese} cytk....eveready battery

[10:29] {Threei} SEPT DALLAS FED MANUFACTURING ACTIVITY: -0.5% V 1.0%E

[10:29] {ese} opps

[10:29] {Threei} V -1.0%E

[10:31] {ese} ahhhh better

[10:34] {dino} looking at amn, and rimm

[10:37] {ese} got out of my rimm dabble last friday end of day -.50 on that 1k....no bounce

[10:39] {dino} bummer

[10:39] {dino} hit the 66 area we discussed

[10:40] {ese} ya well......a gamble i admit....and you were right.....i think 65 is possible with rimm

[10:51] {Threei} things flatlined

[10:52] {Threei} latest additons: http://www.realitytrader.com/photography/

[10:54] {ese} where did you photo those birds vad?

[10:55] {Threei} butterfly garden

[10:56] {ese} where is that? never heard of it

[10:56] {Threei} on your way to Butchart

[10:56] {ese} hmmmmm

[10:56] {Threei} corner of West Saanich rd and Benvenuto

[10:56] {Threei} take your kids there, they'll love it

[10:56] {Threei} you will too :)

[10:57] {ese} just may do that next weekend

[11:00] {fernp} yes, nice pics Vad

[11:00] {Threei} ty

[11:00] {Threei} I have a lot from that place

[11:00] {Threei} will sort out to post the best

[11:00] {magoo} hehe..glad of my out GAME..wish i stayed in HIG

[11:00] {Threei} connection between USD and equities seems to be lost

[11:01] {Threei} yeah, HIG move is way beyond what I expected

[11:02] {Threei} World Bank Pres Zoellick: China is moving gradually towards open Yuan policy; China is major stabilizing force in global economy

[11:02] {Threei} - Chinese Yuan future policy will depend greatly on US choices regarding the USD

[11:02] {Threei} - China continues to face large choices in 2010

[11:02] {Threei} ***Reminder: On Sept 27 -World Bank President Zoellick said the US should not take for granted the dollar's status as the world's main currency

[11:02] {Threei} - Also, Zoellick questioned the wisdom of giving the Fed more power over banks and he believes the Treasury, which is more accountable to Congress, should be given the authority to regulate large financial companies.

[11:02] {Threei} **Note: The comments are from a speech that will be delivered tomorrow at Johns Hopkins University.

[11:04] {nemo} maybe not vad eoq eom window dressing time

[11:04] {Threei} could be

[11:04] {nemo} yeah, just a thought...

[11:06] {Threei} US Commerce Sec Locke: US committed to resisting protectionism

[11:06] {Threei} lol

[11:06] {Threei} when he says "US", what or who exactly does he mean?

[11:07] {nemo} it's like an alcoholic staying on the wagon

[11:07] {nemo} maybe yes....maybe no

[11:07] {Threei} as if US spoke with single voice, or if protectionism was not coming from US-based entities

[11:07] {nemo} does that qualify for Captain Obvious?

[11:08] {Threei} don't know but I try my best

[11:09] {Threei} I struggle to hold on that title ever since they took "economy is in difficulties" away from me

[11:09] {nemo} life's not fair

[11:14] {Threei} insurers are really strong

[11:14] {Threei} HIG, MET, PRU

[11:14] {magoo} not AIG respectfully submitted here

[11:15] {magoo} unless, it decides to riiiiiip

[11:15] {Threei} no, but HIG is somewhat different kind

[11:16] {magoo} true..and aig is a trading momo nutjob

[11:16] {nemo} you or the stock?

[11:22] {ese} L stec .95 agressive entry here

[11:33] {dptl} .

[11:34] {ese} dddddddddpppppppppp!!!!!1

[11:34] {dptl} :)

[11:46] {Threei} HIG spiking

[11:46] {Threei} (EU) ECB's Trichet: Extremely important to have a strong USD; solidarity around the USD is very important.

[11:51] {Threei} interestingly, this spike is HIG alone

[11:51] {Threei} no MET or ORU

[11:51] {Threei} and no news

[11:51] {magoo} nice alert

[11:52] {magoo} i hit it .11

[11:52] {Threei} let's see:

[11:52] {Threei} our entry on HIG was 26

[11:52] {Threei} pure beauty

[11:52] {Threei} now,

[11:52] {Threei} can be same said about our exit?? :)

[11:52] {nemo} armchair trading

[11:53] {Threei} out of everything out there, this particular one decided to go non-stop

[11:53] {magoo} partialed .39

[11:53] {magoo} ty

[11:53] {Threei} anyway... we are 3 for 3 today

[11:53] {Threei} and magoo managed to squeeze 4th one, lol

[11:54] {Threei} considering that market totally flatlined, I am not going to cry about exiting too soon on one of them

[11:57] {Threei} RIMM still hasn't stabilized

[11:57] {magoo} out bal .39 Ty

[11:58] {Threei} anyone's holding some CYTK still?

[11:58] {fernp} not here

[11:59] {Threei} ok... just wanted to know if anyone needs comments on remainder

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 343M shares, about 23% below its three-month average; advancers lead decliners by 9.5:1.

[12:01] {Threei} - NASDAQ volume 877B shares, about 10% above its three-month average; advancers lead decliners by 3.8:1.

[12:01] {Threei} - VIX index -1.6% to 25.20

[12:04] {Threei} I am about to cry here

[12:04] {ese} i'm convinced that dino prediction of 65 somewhere for rimm is where it will stablize

[12:04] {Threei} just when I thought I finally nailed exact % of idiots by this:

[12:04] {magoo} HIG ballistic

[12:04] {Threei} Only 9% Rate Economy As Good Or Excellent

[12:04] {nemo} Yeah, but ese, if it spikes first...

[12:04] {Threei} and immediately along comes:

[12:05] {Threei} 29% Say Americans Selfish For Putting Economy Ahead of Global Warming

[12:05] {nemo} Phewwww....I thought somebody was gonna' say Santa Claus doesn't exist

[12:05] {ese} santa who?

[12:06] {Threei} MET...

[12:06] {nemo} you have an excuse having grown up in the 70's and being a musician

[12:06] {Threei} if HIG is any indication, .50 break should work

[12:06] {Threei} not a call... I am not confident in it enough,

[12:06] {Threei} see if you like

[12:07] {Threei} if go for it, stop is under .40

[12:07] {nemo} volume decreasing on MET climb

[12:07] {nemo} HIG volume increased on recent surge

[12:12] {ese} X and sales on met isn't turning over like mad fools vad.....risky

[12:12] {ese} stec

[12:12] {ese} pulback

[12:12] {nemo} appointment trading

[12:13] {ese} ya

[12:13] {Threei} preaching to the choire... remember me saying I don't have confidence in it? :)

[12:16] {Threei} CYTK is probably worth another shot for scalp on .40 break

[12:17] {nemo} .03 stop?

[12:18] {Threei} ??

[12:18] {nemo} hasn't been below .37 for almost 20 minutes

[12:19] {Threei} lol

[12:20] {nemo} over ANALyzing am I

[12:20] {Threei} taking .03 suggestion as price level, as we usually do... that would be one wide stop

[12:35] {dptl} is lazer stoped or nothing moving?

[12:35] {larisa} stopped

[12:35] {nemo} yeah I'm having problems too

[12:36] {dptl} oh..ty

[12:38] {nemo} Hey Lasertrev! What Up?

[12:39] {Threei} quotes are not updating trev

[12:39] {nemo} Laser seems to be malfunctioning

[12:40] {nemo} chart's haven't updated in almost 30 minutes

[12:40] {lasertrev} ok i will look in to it

[12:40] {larisa} anybody need quote?

[12:41] {nemo} quotes on rim are accurate, chart just not updating

[12:41] {nemo} rimm

[12:41] {larisa} they are not. RIMM is 67.15 now

[12:41] {nemo} yeah, I've got good quotes, no charts

[12:43] {Threei} 12:41:15 ADMIN7 --} (All): NASDAQ having streetwide issues, affecting quotes and orders

[12:44] {Threei} I like our prime minister but come on

[12:44] {Threei} CA) Canadian govt: significant uncertainty over the extent and speed of the recovery globally or in Canada

[12:44] {Threei} stop competing with me in the obvious department, will ya

[12:44] {lasertrev} nasdaq is having issues, we are working on it from our end

[12:45] {Threei} they'll make me resort to the last measures: Sun rises in the East

[12:53] {Threei} AIG Moody's: GAO assessment of AIG last week does not affect ratings

[12:54] {nemo} RIMM trying to get off the mat

[12:59] {lasertrev} everyone getting quotes?

[12:59] {magoo} very poorly here

[13:00] {Threei} no

[13:00] {larisa} no t&S also

[13:00] {lasertrev} ok

[13:02] {dptl} i have nothing

[13:02] {Threei} come on

[13:02] {dptl} well...just frozen pic

[13:02] {Threei} family...

[13:02] {larisa} lol

[13:02] {dptl} lol

[13:02] {Threei} friends...

[13:02] {dptl} :)

[13:05] {lasertrev} You should have something for quotes, you can try to log out and then log back in, might help. The problem is on Nasdaqs end for certain areas, not much i can do right now.

[13:06] {magoo} either my quotes are stuck..or someone unplugged the mkt

[13:07] {lasertrev} They are slow, but should move

[13:08] {lasertrev} Rimm 67.57

[13:09] {Threei} reload helped with L2, not with charts or T&S

[13:10] {lasertrev} ok, thanks

[13:15] {magoo} gonna reboot

[13:16] {Threei} don't!

[13:16] {Threei} haven't you heard of computes expoloding after too many reboots??

[13:16] {magoo} ohg oh why?

[13:17] {Threei} oh wait... that was a nightmare after drinking party with dp...

[13:17] {Threei} reboot at will

[13:17] {lasertrev} u r bad

[13:17] {magoo} i have rimm .66.98

[13:18] {magoo} correct?

[13:18] {larisa} 67.56

[13:18] {Threei} 67.54 here

[13:18] {lasertrev} 67.61

[13:18] {magoo} SIGH..and i rebooted, blew up my computer

[13:18] {magoo} q server vad?

[13:20] {Threei} lol... doesn't really work anyway

[13:20] {Threei} you want my non-working server over your non-working server?

[13:21] {Threei} anyway, if you insist: I am not getting quotes on 12th

[13:21] {Threei} you?

[13:26] {Threei} White House's Gibbs calls Iranian missile tests provocative; the "least" Iran can do at Oct 1 meeting is to agree to immediate and unfettered access to its nuclear facilities

[13:26] {magoo} 11 not working fine here

[13:26] {Threei} I just checked on 7th, not working fine either

[13:27] {Threei} isn't it remarkable how rhetorics and whole step by step development is absolutely the same as during run-up to Iraq war

[13:36] {magoo} hey vad..go to server 4

[13:37] {Threei} wow... this too is not working!

[13:37] {Threei} nicve find mags

[13:37] {Threei} ty

[13:37] {nemo} real pathfinder that guy

[13:38] {nemo} guys, for those of you not ascared of silverlight freestockcharts.com has real-time BATS data

[13:39] {Threei} shrug

[13:39] {Threei} just to watch?

[13:39] {nemo} what, we can't enter trades either...sheesh

[13:42] {Threei} any updates trev?

[13:43] {lasertrev} nothing yet

[13:46] {lasertrev} Nasdaq is working on it, when i hear anything i will update you all:s

[13:46] {nemo} he's picking up your typing skills Vad

[13:46] {Threei} it's contagious

[13:47] {magoo} u grot rthat coorrect

[13:47] {lasertrev} lol

[13:47] {Threei} magoo is my first vcitim

[13:48] {lasertrev} come on magoof, be nice

[13:49] {nemo} to whom trev?

[13:50] {magoo} and more importantly..why?

[13:51] {nemo} that was next after I figured out who he was talking about

[14:05] {dptl} ok have a good rest of the day all.....see ya tomorrow

[14:05] {Threei} take care dp

[14:06] {larisa} HIG non stop

[14:07] {Threei} amazing

[14:21] {fernp} my frozen CAT chart is long now with stop under 52 ... lol

[14:22] {Threei} frozen cat eh

[14:43] {lasertrev} quotes should start working shortly

[14:44] {lasertrev} not sure aboute t&s yet

[14:45] {dino} what about t & a

[14:45] {nemo} different website

[14:45] {lasertrev} quotes better for anyone?

[14:46] {nemo} trying to get back into laser now

[14:47] {Threei} - NYSE volume 558M shares, about 20% below its three-month average; advancers lead decliners by 9.3:1.

[14:47] {Threei} - NASDAQ volume 1.33B shares, about 12% above its three-month average; advancers lead decliners by 3.5:1.

[14:47] {Threei} - VIX index -2.2% at just above 25.

[14:47] {nemo} Yom Kippur trading

[14:48] {nemo} can't get in to Laser

[15:03] {Threei} anyone got quotes running?

[15:03] {nemo} yes,

[15:03] {Threei} hmmm

[15:04] {nemo} I am much closer to New York

[15:04] {Threei} we west coastyers are always discriminated against

[15:05] {nemo} That's what you get for being at that end of the Iditarod

[15:05] {nemo} factually inaccurate I know...purely for hyperbolic purposes

[15:08] {nemo} Hah! your a victim of coastism

[15:09] {Threei} yes... we coasters hate those coastists

[15:09] {Threei} and demand you do away with coastism

[15:09] {nemo} maybe you can file as a protected class and get funding

[15:11] {magoo} quotes may be fixed here

[15:12] {nemo} well, you're kinda' east coast too

[15:14] {Threei} T&S wake up

[15:14] {nemo} yep charts back

[15:14] {nemo} actually only aig for me so far

[15:14] {nemo} cat back

[15:14] {nemo} so nas charts not back

[15:15] {Threei} charts have no backfill for the missed time, so careful;

[15:15] {nemo} you can see them on that website

[15:16] {Threei} uhhu... as if I am installing major software package like silverlight for that

[15:16] {nemo} rimm back

[15:17] {nemo} it's basically where it left off

[15:18] {lasertrev} some of the charts are still not working, but everything else seems ok

[15:41] {Threei} RIMM is working

[15:45] {magoo} huh?

[15:45] {Threei} quotes

[15:47] {Threei} too close to eod

[15:47] {Threei} bt feelsa like short

[15:48] {fernp} good evening all. see you tomorrow

[15:48] {Threei} take care fern

[15:49] {Threei} okay guys, let's call it a day... 3 for 3, why not

[15:50] {Threei} have a good evening, see you tomorrow

[15:50] {magoo} ty

Sep 25 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Kind of mixed day - started out well with 3 wins out of 4 trades, then a few stops eliminated profits, then couple good trades on RIMM and AIG returned the day in green but just barely. Uncertain moment in the market, a lot of shakeouts on otherwise good trades - but discipline is discipline and a stop is a stop.

Session Time: Fri Sep 25 00:00:00 2009

[07:55] {magoo} morning

[07:57] {nemo} comrade

[07:57] {nemo} sorry I missed the aftermarket fireworks with rimm

[08:21] {nemo} you been shorting rimm this morning mags?

[08:22] {magoo} actually yes..how'd u kniow

[08:23] {nemo} just seems to make sense to me

[08:24] {magoo} 70 a magnet

[08:25] {nemo} 70.50 has support too

[08:25] {nemo} there's support @ 70, see if it breaks

[08:25] {nemo} I mean 72

[08:33] {nemo} hasn't figured out if it's going to give up 72 yet

[08:33] {magoo} cant even bounce a lil

[08:36] {Threei} *AUG DURABLE GOODS ORDERS: -2.4% V 0.4%E; DURABLES EX-TRANSPOTATION: 0.0% V 1.0%E

[08:36] {Threei} - Prior Durables revised from 5.1% to 4.8% (second revision)

[08:36] {Threei} - Prior Durables Ex Transportati...more... (related EUR/USD SPY TLT SHY USO DIA )

[08:37] {Threei} BLTXX Baltic Dry Bulk rises under 1% (first gain in 11 sessions)

[08:37] {magoo} morn

[08:38] {Threei} good morning

[08:38] {fernp} good morning everybody

[08:38] {Threei} fern :)

[08:38] {Threei} UAUA Planning a $10 surcharge for holiday travel during Thanksgiving time period

[08:39] {Threei} UAUA Planning to pretend memory loss made it forget to cancel a $10 surcharge after Thanksgiving

[08:41] {cosmo} just tell them to forget about that....

[08:41] {Threei} but they forgot to forget... their memory is that bad

[08:42] {cosmo} take B-12

[08:42] {nemo} sounds like an AFLAC commercial

[08:42] {brian3579} gm all

[08:43] {cosmo} the whole day can be that way nemo

[08:43] {cosmo} esp on fri...

[08:43] {nemo} oh yeah, today's friday

[08:43] {cosmo} fish day...

[08:43] {nemo} catholic cosmo

[08:43] {magoo} wheres the RIMM bounce vad? or lower first?

[08:44] {cosmo} gave it up for Lent...

[08:44] {cosmo} 40 years ago

[08:44] {nemo} I gave it up after confirmation

[08:44] {cosmo} ah ... too late

[08:44] {nemo} had no choice

[08:45] {nemo} pagan now

[08:45] {cosmo} First Pagan here

[08:45] {cosmo} Pagan

[08:45] {Raven} I like fish

[08:45] {cosmo} sigh

[08:45] {nemo} sacrifices are fun...use hydrogen peroxide to get the blood out

[08:45] {Raven} :)

[08:47] {Threei} brian, raven :)

[08:47] {Threei} mags...no idea for now

[08:47] {nemo} A hearty good morning to you vad, hope you slept well!

[08:48] {Threei} {--- crying

[08:48] {nemo} I'm touched

[08:48] {magoo} ok..lets keep 1 eye on it tho..could be pts one way or other

[08:48] {Threei} (US) President Obama: Confirms that US, UK and France have evidence of secret Iranian nuclear program

[08:48] {Threei} - Expects IAEA to immediately investigate and inspect the newly reveiled Iranian uranium enrichment program (in line with earlier leaks)

[08:48] {Threei} - Reiterates that the US remains committed to engagement with Iran.

[08:48] {Threei} - Note that news of the secret Iranian nuclear program has been very widely reported this morning. Earlier in the session, a US Official said the US would demand Iran allow immediate international inspection of second nuclear facility.

[08:48] {nemo} rimm hasn't broken the bollinger average yet

[09:00] {Threei} Fed Chairman Bernanke: There is ongoing need for TALF

[09:00] {nemo} makes you RALF

[09:02] {larisa} gm :)

[09:02] {nemo} hello lari!

[09:02] {Threei} larisa :)

[09:02] {larisa} nemo, vad :)

[09:02] {nemo} you like Allman brothers lari?

[09:03] {lasertrev} morning

[09:03] {Threei} trev :)

[09:03] {nemo} lt :)

[09:05] {larisa} do not know them, nemo, sorry. why?

[09:05] {nemo} they have a song called "Sweet Melissa" rhymes with Larisa :)

[09:06] {larisa} southern accent is funny, i do not understand a word :)

[09:06] {nemo} you don't hear it in the song

[09:06] {Raven} lol ... I agree larisa

[09:07] {Raven} yallllll

[09:07] {nemo} Yeah, I used to live in South Carolina...sometimes I was at a total loss

[09:07] {nemo} Then again, some parts of Boston, I'm at a total loss

[09:07] {Raven} lol

[09:07] {larisa} just imagine me, i am in US for 15 years only :)

[09:08] {Threei} explains wgy I don't understand what's going in the USA... it's all to the south of where I live

[09:08] {Raven} sigh

[09:08] {larisa} lol

[09:09] {Threei} there was period in Soviet Union when speeches by laders were impossible to understand... all words were familiar, and grammar was right, but meaning was somehow disappearing as they spoke

[09:10] {Threei} you'd feel you lose focus in like 45 seconds after they started

[09:10] {Threei} nice generalities with zero substance,

[09:10] {Threei} intended to create this air of seeminggly substantial,

[09:11] {Threei} but in fact absolutely empty officially sounding delivery

[09:11] {larisa} I was komsomol leader in my school, I had to write those speaches once a year for manadatory meeting. Nightmare :)

[09:11] {Threei} :)

[09:11] {larisa} even harder than reading them :)

[09:12] {Threei} major thing was not to say anything contradictionary

[09:12] {Threei} anything outside of the official party line

[09:12] {nemo} huh?

[09:12] {nemo} contradictionary

[09:12] {nemo} ?

[09:13] {Threei} that's the feeling I am getting hearing a lot of what is said in USA these days

[09:13] {nemo} that's a good one

[09:13] {nemo} absolutely

[09:13] {Threei} anyone saw yesterday's episode in hearings on health care in senate committee?

[09:14] {Threei} when the chairman interruoted a senatort trying to say something

[09:14] {Threei} this was absolutely out of Communist party meeting

[09:17] {Threei} look

[09:17] {Threei} http://www.youtube.com/watch?v=LlDKeMcBwFM

[09:18] {Threei} wait, not sure it's a right one

[09:18] {Threei} yes, it is

[09:19] {Threei} around 1:30

[09:19] {Threei} to 1:50

[09:20] {Threei} only Kyle got to finish his speech here wgile in USSR they'd finish Kyle

[09:25] {Threei} RIMM has so much air under it on daily, it's almost scary

[09:26] {Threei} watching LVS

[09:27] {dptl} good morning all

[09:27] {Threei} dp :)

[09:27] {Threei} .90 is short trigger,

[09:27] {Threei} morning volatility at the ope is a concern,

[09:27] {nemo} yeah, sitting on a pillow

[09:27] {Threei} but if we get lucky to get a narrow range consolidation for a few minutes and then breakdown, should be a good short

[09:28] {nemo} aig made beautiful bottom this morning

[09:28] {cosmo} UCBI

[09:28] {ese} morning ....just about slept in

[09:28] {Threei} ese :)

[09:28] {magoo} AIG..unless 39 coming

[09:29] {cosmo} UCBI announces offering...

[09:29] {cosmo} pre mkt always over reacts...

[09:29] {Threei} UCBI Prices 38.7M share offering at $5.00/share (78.5% of shares outstanding)

[09:29] {Threei} - The over allotment option is for an added 5.8M shares.

[09:30] {cosmo} 5.05 hod

[09:30] {cosmo} so far

[09:30] {nemo} laser froze

[09:30] {larisa} not here

[09:30] {magoo} always at open

[09:31] {nemo} not like this

[09:31] {Threei} reload server if it happens

[09:31] {nemo} I did

[09:31] {nemo} just now

[09:32] {Threei} Short Setup: LVS .90 break

[09:33] {nemo} in

[09:33] {Threei} stop 17.05 for scalpers,

[09:33] {Threei} above 17.10 for day traders

[09:34] {Threei} no worky

[09:34] {fernp} no go

[09:39] {nemo} wow, lvs

[09:41] {Threei} AONE...

[09:41] {Threei} momo candidate again

[09:42] {fernp} JBLU 6.30 break?

[09:43] {Threei} hard to tell

[09:44] {ese} L drys .30

[09:44] {Threei} UAUA a lot of strength

[09:45] {Threei} JBLU is a bit too narrow

[09:46] {Threei} what's with LUNA?

[09:46] {Threei} no news that I see

[09:46] {ese} out drys .37

[09:46] {dino} cprt hl l .02 stop .72

[09:46] {ese} that was 30k

[09:47] {Threei} LVS

[09:47] {Threei} let's see if there is double top

[09:47] {Threei} .60 breakdown short

[09:47] {Threei} stop would have to be above .80 so size it accordingly

[09:48] {Threei} Preview: Sept Final University of Michigan Confidence due out at 9:55amET

[09:48] {Threei} **consensus expectation: 70.5e v 70.2 prior (estimates range between 67-72)

[09:48] {Threei} Preview: Aug New Home Sales due out at 10amET

[09:48] {Threei} **consensus expectations: 440Ke v 433K prior (estimates range bewteen 420K-500K).

[09:48] {Threei} wow LUNA

[09:48] {Threei} wth

[09:50] {larisa} http://www.roanoke.com/business/wb/220194

[09:50] {dino} cmtl gap fillcprt stopped

[09:50] {Threei} ty larisa

[09:50] {Threei} LVS, cover half or take scalp here

[09:51] {Threei} came into lower BB

[09:51] {tomg} out .45, ty vad

[09:52] {dawg} ty Vad

[09:52] {Threei} 1:1 with LVS today, lol

[09:52] {Threei} we beat it up badly yesterday so it tries revenge

[09:52] {dino} mos sm l .00. stop .69

[09:54] {Threei} who chose to partial, play it by the book

[09:54] {Threei} stop to above .60

[09:55] {Threei} SEPT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 73.5 V 70.5E

[09:55] {Threei} seriously?

[09:55] {nemo} herd

[09:55] {Threei} oh great, now LUNA hits wire

[09:55] {Threei} LUNA Reaches agreement with regards to settlement with Hansen Medical to lower verdict amount - Roanoke Times

[09:55] {Threei} - Note: on 4/22 Jury awarded Hansen $36M verdict

[09:55] {Threei} - LUNA COO commented that this agreement help... (2.71, +1.59, 141.96%) more... (related HNSN )

[09:55] {Threei} thanks... a dollar too late though

[09:56] {nemo} quote server vad

[09:56] {Threei} 11

[09:56] {Threei} as if it matters

[09:56] {Threei} justy switch

[09:56] {dino} markets don't know which way to go

[09:56] {Threei} IMO... this market bounce is entirely due to michigan numbers

[09:56] {nemo} $ falling

[09:57] {Threei} and should be faded,

[09:57] {Threei} the only xoncern is another set of umbers in 3 min

[09:57] {Threei} let's wait it out

[09:57] {nemo} $ fall has been positive for markets

[09:58] {Threei} if numbers are bad and market reverses down, LVS nearest resistance is still .80

[09:58] {Threei} if they are good and market jumps, break of .80 is ling

[09:58] {Threei} long

[09:58] {Threei} as much as it pains me to say so

[09:59] {dino} always is nemo

[10:00] {Threei} *AUG NEW HOME SALES: 429K V 440KE (% M/M)

[10:00] {Threei} prior revised from 433K to 426K.

[10:01] {Threei} somewhat muted reaction

[10:01] {Threei} [09:56] {dino} markets don't know which way to go

[10:01] {Threei} [09:56] {Threei} IMO... this market bounce is entirely

[10:01] {Threei} what dino said

[10:02] {nemo} 09:59] {dino} always is nemo

[10:03] {Threei} Long Setup: LVS .80 break

[10:03] {Threei} if stays above .70

[10:03] {dino} everybody expects down, w/-3.5% since wed., i vote up

[10:08] {ese} uncertainty means down in my books

[10:08] {nemo} $ down I vote up

[10:09] {ese} just for today nemo? If thats the case it may go up......in general it has to come down sometime

[10:10] {dino} thing is we are -3.5%; last 3 months thats about all itb took

[10:11] {dino} perhaps the markets over reacted too the downside by say 20% too much

[10:12] {Threei} who wants scary play?

[10:12] {magoo} any read AIG vad?

[10:12] {Threei} lol

[10:12] {Threei} AIG

[10:12] {Threei} .50 break

[10:12] {Threei} long

[10:12] {Threei} scary as hell

[10:13] {Threei} and mags, stop looking over my shoulder

[10:13] {Threei} desirably if holds .30

[10:13] {Threei} yeah, like this

[10:13] {Threei} so we have more or less decent stop

[10:14] {ese} i'm game for a grand 1k

[10:15] {Threei} LVS, either you are out at 1:1

[10:15] {Threei} or if for some unknown reasion you decided to go for mor, keep stop under .75

[10:16] {Threei} AIG... so far so fgood

[10:16] {ese} in

[10:16] {Threei} 1:1 in a matter of seconds

[10:16] {Threei} 1:2

[10:16] {tomg} ty vad, out .8

[10:17] {ese} in.56 out .85

[10:17] {Threei} :)

[10:17] {magoo} OUT .81

[10:17] {magoo} ty

[10:17] {ese} wow

[10:17] {ese} +.29

[10:18] {ese} Vad the thrill ride seeker.......pheeeeeeeeew

[10:18] {Threei} lol

[10:18] {ese} tks by the way

[10:18] {Threei} sure thing

[10:18] {nemo} yeah, that support @ .30 was more imaginary

[10:18] {nemo} :)

[10:18] {Threei} hmm?

[10:18] {Threei} how do you figure?

[10:19] {nemo} so short time

[10:19] {Threei} this is AIG we are talking about

[10:19] {Threei} its long time is 3 minutes

[10:19] {nemo} Yeah

[10:19] {nemo} sounds like my...nevermind

[10:20] {Threei} hmm?LVS is at 1:1 again

[10:20] {Threei} what the

[10:20] {Threei} let me try again

[10:20] {Threei} LVS is at 1:1 again

[10:20] {Threei} we are 3 for 4 so far

[10:21] {Threei} but trading feels a bit like juggling the torches this morning

[10:21] {nemo} torch on one end, razor blades on the other

[10:21] {ese} forget torches.....broken glass

[10:22] {ese} ya what nemo said

[10:22] {Threei} OK, those who for some unknown reason thought LVS would be good for more have 1:2 here

[10:22] {nemo} dude

[10:22] {Threei} take your profit and never admit you really held it

[10:22] {fernp} lol

[10:23] {Threei} RIMM...

[10:23] {Threei} I feel the urge to start hunting for bounce..

[10:23] {Threei} Long Setup: RIMM .55 break

[10:23] {Threei} for those who feel adventurous only

[10:23] {Threei} if holding above .35 - .40 zone

[10:26] {Threei} G-20 Communique: To support phase out of fossil fuel subsidies over medium term

[10:26] {Threei} - Note: yesterday details leaked detailing such measures

[10:27] {Threei} now RIMM... let's hold .50 and break .70

[10:27] {Threei} and you should be off to races

[10:29] {fernp} .35 stop?

[10:29] {Threei} just under

[10:30] {Threei} let's trail it to under .40 now

[10:30] {magoo} AIG read vad?

[10:31] {Threei} none here

[10:32] {Threei} ok RIMM... not ready yet

[10:32] {fernp} stopped

[10:33] {nemo} $ strengthening

[10:37] {fernp} LVS short .59?

[10:37] {nemo} was thinking that myself

[10:37] {Threei} yes

[10:38] {nemo} rimm volume

[10:39] {fernp} stop Vad?

[10:39] {Threei} unfortunately still above .80

[10:39] {ese} the rimm tank is interesting

[10:39] {ese} dino? a play here

[10:40] {Threei} the only interim resistance LVS formed in this range is .75, and it's fairly weak one

[10:43] {nemo} yep...rimm bounced

[10:44] {ese} my goodness,,,,rimm....outperform price $85...sell hold price 60...BofA price target $100...Goldman from neutral to buy price $75.....for crying out loud

[10:44] {ese} poor buggars who pay attention to this crap

[10:44] {nemo} well, RIMM might be upod'ing it

[10:45] {dino} dk es on rimm, wanted 66-68

[10:45] {ese} L rimm .54

[10:46] {ese} out rimm .74

[10:46] {ese} +.20

[10:47] {dino} amn interesting, but thin -18 pts in 5 days

[10:47] {ese} gotta take a look

[10:48] {ese} really thin...wouldn't know what to do with that

[10:48] {dino} 300 sh. look for points

[10:48] {dino} 70 should be support

[10:51] {fernp} stopped LVS

[10:51] {Threei} yeah, thing won't cooperate

[10:51] {Threei} sheesh

[10:52] {Threei} RU) Russian Official: A concerned regarding reports of new Iranaian atomic facility

[10:52] {Threei} - States that Pres Medvedev will be making official comments later

[10:54] {ese} you may get your 66 to 68 with rimm yet dino

[10:54] {Threei} I am not delighted with the way today's trading goes

[10:54] {Threei} no defined direction and too many shakeouts

[10:54] {ese} yup

[10:55] {dino} may be a sit and watch day

[10:56] {ese} all my indicators are showing down vad.......overbought etc etc etc

[10:56] {dino} rimm issues, 66 then 50 gap

[10:57] {ese} or at the very very least stagnate in the same place for a long while

[10:58] {Threei} Short Setup: HIG into bounce closer to .20

[10:58] {ese} ya dino....thats a biggie from 50 to 60

[10:58] {Threei} if stays below .25

[11:00] {Threei} in

[11:00] {Threei} die HIG

[11:01] {ese} missed it

[11:02] {Threei} .10 is actual trigger

[11:02] {Threei} I am just trying to minimize risk

[11:02] {Threei} considering all the shakouts

[11:05] {Threei} here we go again

[11:05] {fernp} .26 stop no?

[11:05] {nemo} Groundhog day

[11:05] {Threei} yes

[11:05] {fernp} out

[11:06] {Threei} GAME IPO opens for trading at $12.50 (12.50, 0.00, 0.00%) (related SNDA )

[11:06] {dino} snda -8 in 3 days

[11:07] {Threei} .35 break for GAME

[11:07] {Threei} gambling more than trading

[11:08] {nemo} bad day for an ipo

[11:08] {Threei} nah, it's not AONE

[11:08] {Threei} look at HIG

[11:08] {Threei} pure shakeout

[11:08] {nemo} LVS

[11:09] {fernp} incredible HIG

[11:10] {Threei} same LVS

[11:12] {Threei} that's rude... did everything rifght on HIG as far as trade struicture goes, and still it found tghe way to fool us, lol

[11:24] {ese} l rimm .24

[11:26] {ese} daaaaaaa.......what do you all normally kick it with

[11:26] {nemo} Vad hasn't used the steel toe boots in a while

[11:26] {nemo} or the army boots

[11:26] {nemo} I think he's using his Birkenstocks

[11:26] {Threei} I am trying to become a gentlier kinder version of myself

[11:26] {nemo} hurts doesn't it

[11:26] {Threei} very much

[11:27] {nemo} It's like asking a scorpion to become a frog

[11:28] {dino} or a frog a gorf

[11:28] {larisa} frog is kind? just ask mosquitoes

[11:29] {nemo} it's all relative

[11:29] {Threei} mosquitos are kind} just ask any resident of Winnipeg

[11:29] {larisa} lol

[11:29] {nemo} or Siberia

[11:29] {Threei} redundant

[11:31] {Threei} PALM Ticks higher as analyst commentary from overnight circulates discounting the reports that Verizon may have decided not to support the Palm Pre smartphone (16.57, +0.41, 2.54%) (related VZ )

[11:32] {nemo} so official rumor

[11:32] {Threei} analyst commentary... heh

[11:32] {nemo} yeah

[11:34] {Threei} GAME is trying to become a game

[11:34] {nemo} bored, huh?

[11:34] {nemo} lvs forming triangle

[11:34] {Threei} US House Passes 'stopgap' spending legislation to provide Govt operations through to Oct 31;

[11:36] {Threei} Senate now has to vote before Oct 1 to avoid shutdown of Govt

[11:36] {nemo} wow, what drama

[11:36] {Threei} shutdown of Govt eh?

[11:37] {nemo} right (said cynically)

[11:38] {fernp} BAC lod breakdown?

[11:39] {Threei} chart looks right... the questuion is,

[11:39] {Threei} how many right looking charts worked today?

[11:39] {Threei} pretty much 50/50

[11:41] {Threei} I'd skip it fern

[11:41] {Threei} can't see it any other than random

[11:41] {fernp} yes. I am agree

[11:44] {nemo} volume spikes aig

[11:47] {cosmo} ucbi

[11:48] {cosmo} 5 test maybe

[11:50] {cosmo} 4.8 = good bottom

[11:50] {cosmo} i think

[11:51] {Threei} IA) China comments that is hoping the IAEA deals with Iran within its 'mandate'

[11:51] {Threei} what does it mean?

[11:51] {Threei} I am not very good at Chinese obviously

[11:52] {dino} it means 10 minutes and takeout will be ready

[11:52] {nemo} or.....no tickee....no shirtee

[11:53] {patience} that's because they are on the phone ordering their new bmw

[11:53] {patience} i need to buy some yuan

[11:56] {Threei} Long Setup: GAME 12 break

[11:56] {Threei} if stays abpve 11.90

[11:58] {Threei} modification

[11:58] {Threei} .80 break

[11:58] {Threei} if stays above .70

[11:58] {cosmo} game over?

[11:59] {Threei} that one yes... new one begins

[11:59] {nemo} good one cos

[11:59] {cosmo} not my fault

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

[12:00] {Threei} - NYSE volume 425M shares, about 8% below its three-month average; decliners lead advancers by 1.6:1.

[12:00] {Threei} - NASDAQ volume 1.05B shares, about 5% above its three-month average; decliners lead advancers by 1.5:1

[12:00] {Threei} - VIX index +3.5% to just under 26.00

[12:02] {nemo} game break of .90 stop .80

[12:02] {nemo} ?

[12:03] {Threei} hard to tell.. this method of bttom hunting is a bit different

[12:03] {Threei} it was .70 if holding .60

[12:03] {Threei} each next reange as it moves down is its own play

[12:16] {fernp} BAC reached 1:1 (virtual)

[12:18] {dino} stec going for gap fill from close

[12:25] {dino} rimm lod

[12:35] {nemo} nice range in aig

[12:38] {Threei} lol

[12:38] {nemo} what?

[12:38] {Threei} just when I started typing breakout alert

[12:38] {Threei} thing popped up

[12:40] {nemo} lvs heading for lod

[12:40] {nemo} eh...yesterday's close that is

[12:40] {dino} nvec

[12:41] {nemo} thin

[12:50] {Threei} AIG

[12:50] {Threei} pulled back almost into .50 support

[12:51] {Threei} should be bounce-worthy for a scalp soon

[12:51] {nemo} funny, today I would have looked at the break out to .95 as a pullback in the down trend :)

[12:52] {Threei} .60 break if stays above .50

[12:52] {ese} hey dino......in your estimation...what are the chances that rimm will fill the gap up first before down.my 15 min chart has a gap between 74 and 71.50....i'm long small 1k ...i'm thinkin that will happen first

[12:54] {ese} short covering rally

[12:54] {Threei} market feels like bounce is coming

[12:55] {ese} i'm gettin that sense......just checkin

[12:58] {nemo} Mmmmmmmhhh....maybe I'll start drinking again

[12:59] {dino} es, that gap in week or two imo

[13:00] {Threei} nnedless to say, AIG is invalidated

[13:03] {dino} cog

[13:04] {ese} tks

[13:05] {Threei} GAME formed pronounced range

[13:05] {Threei} .80 - .90

[13:06] {Threei} worth a try now

[13:06] {Threei} .90 break

[13:08] {nemo} aig spike

[13:09] {nemo} volume that is

[13:11] {Threei} AIG is pretty much random here

[13:11] {Threei} I'd leave it alone

[13:12] {Threei} short on 43.50 breakdown was pretty much the only sensible play after it failed to trigger long

[13:12] {magoo} COG vad, look

[13:13] {Threei} you saw its news?

[13:13] {Threei} Cabot Oil & Gas Corporation DEP Orders Cabot Oil and Gas to Cease All Gas Well Fracking in Susquehanna County

[13:13] {Threei} - DEP Director: "The department took this action because of our concern about Cabot''s current fracking process and to ensure that the environment in Susquehanna County is properly protected,"

[13:13] {Threei} - Cabot voluntarily shut down fracking operations at the Heitsman well in Dimock Township on Tuesday afternoon following three separate spills there in less than one week. The company is currently drilling seven new wells in the county that will require fracking.

[13:13] {Threei} their fracking is seriously wrong

[13:14] {larisa} :)

[13:15] {magoo} we live there

[13:15] {magoo} no kidding

[13:15] {Threei} uh oh

[13:15] {Threei} Fed's Warsh: Reiterates that Fed may need to roll back extraordinary policies sooner than expected

[13:15] {Threei} this is not what market wants to hear

[13:16] {Threei} - the natural unwinding of the Fed's facilities have been largely successful

[13:16] {Threei} "natural unwinding" = we run out of money?

[13:16] {nemo} yeah what's "natural" about this

[13:16] {_aardvark} there goes cog. nice magoo

[13:18] {nemo} great we've got an anteater

[13:19] {Threei} why are you, the fish, is concerned?

[13:20] {Threei} without "is"

[13:20] {nemo} I'm a lungfish

[13:20] {nemo} competition for food

[13:22] {_aardvark} profit is food.

[13:22] {Threei} fern

[13:22] {nemo} an optarygian ganoid to be precise

[13:22] {Threei} are you as dusgusted with LVS shakeout as I am?

[13:22] {_aardvark} LOL!

[13:23] {nemo} guess that makes me a bit of an atavist

[13:25] {Threei} anyone got any idea which language yhat is?

[13:27] {Threei} btw, speaking of aardvarks... http://upload.wikimedia.org/wikipedia/commons/3/35/Orycteropus_afer_stuffed.jpg

[13:27] {Threei} lordy, you look weird... {G}

[13:27] {nemo} face only a blind mother could love

[13:28] {nemo} here's your short covering

[13:28] {nemo} rimm didn't get the memo

[13:29] {nemo} mmmmhhhh...maybe it did

[13:45] {magoo} vad..diop buyers..bulls ,..whatever..gonna ram us up??

[13:45] {Threei} that's my feeling

[13:46] {Threei} look at NASDAQ or DOW daily

[13:46] {Threei} we are at precise point where natural bounce should come

[13:46] {Threei} whether it's just a pullback before rally resumption or unsuccessful bounce,

[13:46] {Threei} hey should try here

[13:47] {Threei} maybe today, maybe on Monday

[13:47] {Threei} but intraday looks ready

[13:48] {Threei} Fed's Bullard: Risk to be trapped at low rates is 'real'; may see additional shocks with rates at current levels

[13:48] {Threei} - notes should consider rules that regulate quantitative easing policies

[13:54] {Threei} Long Setup: GAME .66

[13:54] {Threei} stop/invalidating level is self-explanatory I think

[13:54] {Threei} for both scalp and trade

[14:00] {Threei} Market Internals update at 2:00pmET

[14:00] {Threei} - NYSE volume 635M shares, about 2% below its three-month average; decliners lead advancers by 1.7:1.

[14:00] {Threei} - NASDAQ volume 1.53B shares, about 8% above its three-month average; decliners lead advancers by 1.6:1

[14:00] {Threei} - VIX index +2.35% to just over 25.50

[14:00] {Threei} wake up GAME

[14:00] {Threei} smell the market

[14:00] {Threei} coffee

[14:00] {Threei} roses

[14:00] {Threei} whatever

[14:01] {Threei} scalpers have 1:1

[14:02] {Threei} (IA) Iran Pres Ahmadinejad: UK, US, and France will 'regret' Friday's statements about the nuclear facility

[14:02] {Threei} my ability to understand written word is way down today

[14:02] {nemo} Iran knows the west is full of it

[14:03] {larisa} may be it is a chicken farm :)

[14:04] {Threei} - Ahmadinejad says the recent publicity about the facility was a mistake, facility was not a secret

[14:04] {KSystems} He

06[14:07] * Threei slaps KSystems around a bit with a large spare battery for the server

06[14:08] * Threei slaps KSystems around a bit with a large spare humster wheel and two hamsters to run the server

[14:08] {dptl} lol

[14:09] {KSystems} :)

[14:12] {fernp} I am very disgusted with LVS and with BAC, both worked without me

[14:12] {fernp} especially with LVS, I'm not used to take 20 cents stops

[14:13] {Threei} yeah

[14:13] {Threei} shaky today

[14:16] {Threei} CDC Director: H1N1 is 'spreading widely' in the US; Swine flu is not mutating, so vaccines can be effective (related SWINEX BCRX NVAX GILD ROG.SZ )

[14:16] {fernp} uhmmmm, RIMM stop also cost me 20 cents... that explains my P/L... lol

[14:17] {nemo} you mean your "L"?

[14:18] {nemo} Hah! Gamestop

[14:18] {Threei} say what?

[14:19] {Threei} GAME hit 1:1 like 30 min ago

[14:19] {fernp} bad day today, but good week

[14:19] {nemo} well GAME stopped and Gamestop is the name of the chain

[14:19] {nemo} friday sense of humor

[14:19] {nemo} or lack thereof

[14:20] {Threei} yeah

[14:20] {Threei} the latter foer sure

[14:22] {dptl} lol......spare humster wheel and two hamsters to run the server....just too funny....lol...trying to picture that

[14:22] {Threei} lol

[14:22] {Threei} that wasthe reason of yesterday's outage I am sure

[14:22] {Threei} hamsters ruan out of food

[14:22] {nemo} well, you'd have to send a turbine or generator also

[14:22] {dptl} lol

[14:24] {nemo} low volumes

[14:28] {Threei} NVS FDA reportedly reviewing adverse event information with regards to Exjade drug; have to determine whether older patients are at risk

[14:28] {Threei} - Working with company to determine whether any labeling must be revised (48.93, +0.16, 0.33%)

[14:40] {Threei} really bounce time

[14:40] {magoo} any read LVS ?

[14:41] {Threei} .55 long if holding .45

[14:42] {Threei} G20: Tobin tax (tax on stock transactions) was discussed at meeting; but will not be implemented

[14:42] {Threei} - Note: Merkel commented earlier that G20 was asking the IMF to suggest ways to pay for crisis; including a tax on financial transactions

[14:42] {Threei} nemo, happy now?

[14:43] {nemo} read my mind

[14:48] {Threei} if you don't hear from me for a week, you know why

[14:48] {nemo} why, because you read my mind?

[14:49] {Threei} what do you think, it's a small shock?

[14:49] {nemo} rimm break of .85 stop under .70?

[14:49] {nemo} .80 for scalpers?

[14:49] {Threei} no

[14:49] {Threei} wait a bit

[14:50] {nemo} read my mind now :)

[14:50] {Threei} structure is right but market is wrong

[14:50] {Threei} if this drop doesn't impact RIMM, then this setup witll be reinfirced

[14:50] {Threei} so far so good, now catch it on a slight pullback

[14:51] {Threei} its natural vilatility should give one

[14:51] {nemo} hehehehehe

[14:51] {Threei} keep finger on a trigfger instead of typing your hehes

[14:51] {nemo} stocks are so rude today

[14:52] {Threei} pyt in limit lbetween .85 and .90

[14:52] {nemo} lvs breaking

[14:53] {Threei} here it comes

[14:53] {magoo} in in in

[14:53] {Threei} ugh too fast

[14:53] {Threei} barely touched .89

[14:53] {nemo} yeah had order at .87

[14:54] {dino} sm l amn .76

[14:55] {Threei} all this starts looking like we may finish in green

[14:56] {Threei} well, not an option for RIMM

[14:56] {Threei} but market overall, easy

[14:56] {Threei} AIG wants to break 44 and run

[14:56] {nemo} aig on 5 minute looks great

[14:56] {Threei} here comes RIMM

[14:57] {Threei} green

[14:58] {dino} ok sell it off cramer preaching rally

[14:58] {Threei} argh

[14:58] {Threei} got RIMM this time nemo?

[14:58] {nemo} no

[14:58] {Threei} sheesh

[14:58] {Threei} what are you doling

[14:58] {Threei} easy drop under .90

[14:58] {Threei} was right there for you

[14:59] {Threei} and I evcen alerted

[14:59] {nemo} yeah, that's your fast momo play, I can't time those for manure

[14:59] {dino} 2:07 says "bear attack at 3:00"; 2:44 says "bulls can blitz last half hour"

[14:59] {Threei} no need to time it

[14:59] {Threei} .85 - .90 range was for entry

[14:59] {Threei} it drops there, you take it

[14:59] {Threei} it's support from that same break

[15:00] {nemo} are you out @ .90?

[15:00] {Threei} why .90?

[15:00] {nemo} 69 that is

[15:00] {Threei} yes

[15:00] {Threei} .99 to be exact

[15:01] {Threei} here comes AIG pullback

[15:01] {Threei} .80 break long

[15:01] {nemo} market too

[15:01] {Threei} if holding .65 - .70

[15:15] {dptl} .

[15:15] {Threei} GAME CEO: Declines comments on stock price behavior; pleased with IPO; have 24 games in pipeline (11.27, 0.00, 0.00%) (related SNDA )

[15:16] {dino} bank preferreds jumping

[15:17] {dino} see, sell cramer

[15:17] {Threei} he killed our rally

[15:17] {dino} there must be a group that does that

[15:18] {magoo} im gonna kill him

[15:22] {Threei} market's overcoming Cramer

[15:25] {magoo} last 30 minutes..ram or rip..dunno

[15:25] {nemo} flat

[15:26] {Threei} AIG wants up badly

[15:26] {Threei} resists market now

[15:27] {magoo} i wish..been suffering in it all day

[15:27] {Threei} 1:1

[15:27] {Threei} 1:2

[15:28] {Threei} hey, this day is almost repaired

[15:28] {Threei} between RIMM and AIG trades, slighly green

[15:29] {Threei} ugh, sold too soon

[15:29] {magoo} u forget all my individual bad trades

[15:29] {Threei} I can't forget what I don't know...

[15:29] {Threei} and forgive me for not including them in my calls record? :)

[15:30] {nemo} cu later

[15:30] {magoo} wish i could forget them

[15:30] {dptl} ok....have a good weekend all......see ya monday

[15:30] {Threei} take care nemo, dp

[15:30] {Threei} mags... you are making one mistake these days

06[15:30] * dptl slaps nemo around a bit with a large trout

[15:30] {Threei} you had a great run over last couple months,

[15:30] {dptl} :)

[15:31] {Threei} then market changed but oyu continue pushing as before

[15:31] {Threei} gota stay sensitive to changes'

[15:31] {Threei} great winning streaks end

[15:31] {Threei} as you wxperience one, you have to be acutely aware of that

[15:31] {magoo} absolutely agree

[15:31] {Threei} and listen carefully for the signs of end

[15:32] {Threei} and back away fast

[15:32] {Threei} return to normal careful conservative trading

[15:32] {dino} you are right vad

[15:32] {Threei} this is exactly how huge winners of tech run gave back all they made aand then some,

[15:32] {Threei} then all those oil winners

[15:33] {Threei} real estate winners

[15:33] {Threei} it's all about bubbles

[15:33] {Threei} be in aggressively when bubble grows

[15:33] {Threei} get out beofre it bursts

[15:33] {Threei} just like Greenspan did

[15:34] {Threei} now Ben tries to fix it

[15:34] {Threei} and Alan laughs

[15:35] {Threei} remember mags, couple weeks ago you said, while describing your aggressive plays

[15:35] {Threei} "making as much as I can while I can"

[15:35] {Threei} or something to that effect

[15:35] {Threei} "while I can" part assumed it was temporary conditions

[15:35] {Threei} momo

[15:35] {Threei} well, it's over

[15:35] {Threei} at least for now

[15:37] {magoo} cramer now says bullds start 3 40

[15:37] {Threei} in 3 minutes then

[15:37] {Threei} funny thing is, chart looks exactly like that

[15:37] {dino} wow snda 60-49; pwrd 50-43 in 2 days

[15:37] {Threei} so let's see if Cramer jinxed it

[15:38] {dino} scanner is just popping out bank preferreds

[15:39] {dino} all jumping 2 bucks +

[15:39] {magoo} he killed it it seems

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 815M shares, about 4% below its three-month average; decliners lead advancers by 1.6:1.

[15:40] {Threei} - NASDAQ volume 1.93B shares, about 6% above its three-month average; decliners lead advancers by 1.6:1

[15:40] {Threei} - VIX index +0.75% to just over 25.00

[15:42] {Threei} lol, line on TV:

[15:42] {Threei} Twitter says company raised susbtantial amount of money to fund its operations while management figures out how to make money from the hottest Interenet company

[15:43] {Threei} they went into it with no clear idea how to monetize it?

[15:43] {dino} lol, sort of like my beer drinking

[15:44] {Threei} hmmm... I don'treally get the analogy but I like it

[15:44] {dino} still tryong to figure out how to profit on it

[15:44] {Threei} lol

[15:50] {Threei} AIG was worth another try

[15:50] {Threei} I hesitated

[15:51] {Threei} didn't want to press it so close to eod, while just making the day barely positive

[15:53] {fernp} have a good weekend everybody. see u all on Monday

[15:53] {dino} out amn .64, +.82

[15:53] {dino} u2

[15:53] {Threei} take care fern

[15:54] {Threei} ugh

[15:54] {Threei} had this strong feeling 44.50 was a target

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} have a great weekend

[15:58] {Threei} see you all on Monday

[15:58] {lasertrev} take care

[16:00] {dino} later all

Sep 24 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

We got the direction of the day right and got rewarded nicely. Shorts on CAT and LVS worked for nice gains. AONE provided momo and entertainment.

Session Time: Thu Sep 24 00:00:01 2009

[08:04] {magoo} morning

[08:07] {Threei} Good morning

[08:07] {Threei} yawn

06[08:08] * nemo slaps magoo around a bit with a large trout

[08:08] {magoo} new laser version

[08:08] {nemo} might want to let them get the kinks out before downloading

[08:09] {Threei} what's changed?

[08:09] {magoo} too much to list

[08:09] {nemo} Good Morning...Threei...I hope you're having a wonderful day :):):)

[08:09] {Threei} ok... this is spooky

[08:09] {nemo} hehehehehe

[08:09] {Threei} you can't be that drunk that early

[08:10] {nemo} Don't worry, I'll still stab you in the back if situation warrants

[08:10] {Threei} whew

[08:10] {Threei} ok, things are back to normal

[08:10] {nemo} I'll use a kinjaal too

[08:10] {nemo} Q's aren't up?

[08:13] {Threei} I think NASDAQ feed is off somewhat

[08:13] {nemo} Vad...new release allows access to TSX

[08:14] {Threei} it was available for a while

[08:14] {nemo} oh

[08:14] {Threei} jus had to apply separately

[08:14] {magoo} downloading, brbn

[08:14] {Threei} did they make it on by default?

[08:14] {Threei} ahha, we got our guinea pig

[08:14] {nemo} 2. Support for TSX data and trading - we should have this operational

[08:14] {nemo} very soon. We will have full depth of book with TSX ECN's and the ability

[08:14] {nemo} to route to each of them individually. Trades will be done in CAD in real

[08:14] {nemo} time, but will convert to USD overnight.

[08:15] {Threei} cool

[08:15] {Threei} goytta look into commissions

[08:15] {nemo} now we just need access to the asx, and we can avoid new taxes

[08:15] {nemo} yeah...commissions

[08:15] {Threei} TSX is usdually more expensive than US exchanges

[08:16] {nemo} better wake up trev about the Qs...

[08:16] {Threei} well, you have his phone number

[08:16] {Threei} want to be a first giving him this rite of passage?

[08:16] {Threei} 'cause gods know I did this to dave a few too many times

[08:17] {nemo} one

[08:17] {nemo} done

[08:17] {nemo} answering machine..bastid

[08:17] {Threei} remote or local one?

[08:18] {nemo} telus

[08:18] {Threei} ugh

[08:18] {nemo} should we call Dave?

[08:18] {Threei} virtual ones don't make sound as you speak

[08:18] {Threei} not good as waking-up-at-4am devices

[08:18] {nemo} "Dave's not here, man" Oh Oh, flashbacks

[08:19] {magoo} back

[08:19] {nemo} didn't have time to miss you

[08:19] {Threei} ok, computer is not exploding with new version

[08:19] {Threei} that much we know

[08:20] {nemo} well, QLD is working

[08:20] {Threei} ummm... because it's not NASDAQ?

[08:20] {Threei} and as I said it's NASDAQ feed that is having problems?

[08:20] {Threei} man.. pay attention will ya

[08:21] {nemo} yes...but it kinda' allows me to see what's going on with the NAS this morning

[08:21] {nemo} work for you?

[08:21] {Threei} sure

[08:21] {Threei} as does QID

[08:22] {Threei} but I simply use my NQ feed to see what's with NASDAQ :)

[08:22] {nemo} I don't have NQ.

[08:22] {magoo} i like the ARCA imbalance feature

[08:24] {Threei} what's that?

[08:24] {magoo} in alerts

[08:24] {Threei} man... you'll make me download a new one...

[08:24] {magoo} market makers need to pair off the imbalances at open and close of mktbef

[08:25] {magoo} say, bac has sell imbalance at 3:40 pm of 5 million...gives indication that it should selloff intop closes

[08:26] {Threei} have you tracked it?

[08:26] {Threei} really works as a valid alert?

[08:27] {Threei} I stuill have some real estate on my monitors, can keep this window if it's useful

[08:30] {nemo} Ya' know how that 0 down mortgage stuff was kinda' at the bottom of all the problems...

[08:30] {nemo} look at this: http://www.fundmymutualfund.com/2009/09/us-agriculture-department-handing-out-0.html

[08:32] {Threei} *INITIAL JOBLESS CLAIMS: 530K V 550KE; CONTINUING CLAIMS: 6.138M V 6.183ME

[08:32] {Threei} - Prior Jobless Claims revised from 545K to 551K

[08:32] {Threei} - Prior Continuing Claims revised from 6.230M to 6.261M

[08:33] {Threei} mags... works fine?

[08:36] {Threei} NASDAQ feed is on

[08:36] {nemo} the'res Nas

[08:36] {magoo} yea vad..dave uses it all the time..he showed me it 3 monthsago

[08:36] {Threei} ty

[08:36] {Threei} I mean new version

[08:37] {magoo} if there are huge buy side imbalance on say wfc into open, indicate it should pop up to pair off

[08:37] {magoo} i just downloaded it

[08:37] {magoo} seems ok

[08:39] {Threei} OK... will install now

[08:39] {Threei} if you don't hear from me for the next 6 years, it's magoo's fault

[08:39] {magoo} :)

[08:40] {nemo} trevor just called

[08:40] {Threei} Euro vs US Dollar USD's tone remains soft ahead of G20; Dealers speculate that Obama administration dollar policy might mirror BOE's King view on rebalancing

[08:40] {Threei} - One dealer noting that a Goldilocks scenario would have a weak dollar policy move ata gradual pace and not fuel inflation and not affecting the bond market

[08:45] {Threei} OK

[08:46] {Threei} set up alert

[08:46] {Threei} will monitor it

[08:46] {nemo} How do you set up the alert?

[08:47] {Threei} call up the window

[08:47] {Threei} resize and place it where you need it,

[08:47] {Threei} right click,

[08:47] {Threei} manage the fonts so you can read it,

[08:47] {Threei} move columns around

[08:48] {nemo} read? oh oh

[08:48] {Threei} so those you need are at the left side

[08:48] {Threei} for instance, column saying Side

[08:48] {Threei} it's way too far to the right,

[08:48] {Threei} move it so it's rifght after the symbol

[08:49] {fernp} good morning everybody

[08:49] {Threei} make up your mind about selection methid,

[08:49] {Threei} because default is alphabet

[08:49] {Threei} fern :)

[08:49] {Threei} not sure which sort methind is the best... match volume?

[08:49] {Threei} mags?

[08:50] {Threei} or imbalance?

[08:51] {magoo} i believe total imbalance

[08:52] {Threei} ty

[08:52] {Threei} do you know what marketimb is, vs totalimb?

[08:53] {magoo} this window is new too me too, so as i learn ill fill u in

[08:54] {Threei} so there is a time limit on how long we can call you "useless"...

[08:55] {Threei} in total imb first line is PVI

[08:55] {magoo} actually..it seems there is a very short time limit on how long u consider me "useFULL" lol

[08:55] {Threei} but it's obvioualy non-mover

[08:55] {larisa} gm :)

[08:55] {Threei} rofl

[08:55] {Threei} larisa :)

[08:55] {Threei} that was a good one

[08:56] {nemo} lari :)

[08:56] {larisa} :)

[08:57] {magoo} vad, gut feel here...yesterdays pullbk too continue..or the upward push today to hold prices into qtr end

[08:57] {magoo} too easy to rollover imo

[08:57] {magoo} BUT its way overdue

[08:57] {magoo} what would hurt the most...i think powerup would

[08:58] {Threei} let me reserve my take for now

[08:58] {Threei} gotta watch a little

[08:58] {magoo} BUT man, we couild fall for several days without even changing trend from up

[08:58] {magoo} if we rollover CAT woulf be good short

[08:59] {Threei} guys, anyone connected through mibbgit?

[08:59] {magoo} vad, u ever play TZA?

[09:00] {nemo} how do I delete a window

[09:00] {Threei} Ctrl-F6

[09:00] {nemo} ty ...I was pushing ctrl-F

[09:00] {larisa} vad, new laser version with new routes any of interest or can wait ?

[09:00] {Threei} routes not sure, but there is interesting imbalance scan larisa

[09:01] {Threei} no mags

[09:02] {Threei} everyone here on mirc, no mibbit users?

[09:03] {cosmo} imbalance of mirc users?

[09:03] {Threei} lol

[09:03] {cosmo} :)

[09:03] {Threei} seems mibbit is down

[09:05] {magoo} was mibbit that other indow for room?

[09:06] {magoo} dino uses that other room to access

[09:07] {Threei} he is not in yet?

[09:07] {magoo} he just walked in..waiting for him to react he he

[09:08] {cosmo} COMS

[09:09] {cosmo} 5.20 ...so far

[09:12] {cosmo} HLCS pre mkt high = 2.82 fyi

[09:14] {magoo} vad CHTP LOOK

[09:15] {Threei} 9:09:14 AM

[09:15] {Threei} Chelsea Therapeutics Preliminary data show Phase III study of Droxidopa did not meet statistical significance in treating neurogenic orthostatic hypotension

[09:15] {Threei} * Study 302 Did Not Meet Statistical Significance on Primary Endpoint

[09:15] {Threei} * Key Secondary Endpoints Strongly Support Symptomatic Benefit

[09:15] {Threei} * Design of Second Study May Offer Significant Advantages

[09:15] {Threei} * Company Conducting Additional Data Analyses

[09:16] {nemo} weird...ctrl-f6 is just pushing windows to background

[09:16] {Threei} - CEO: "While the outcome on Item 1 of the OHSA scale did not meet the company''s expectations, our preliminary look at each of the secondary symptomatic outcome measures was encouraging and supportive of the therapeutic benefit of Droxidopa in neurogenic orthostatic hypotension, we anticipate a more comprehensive review of the data will help determine the relative impact of a higher than anticipated placebo response and what, if any, additional factors may have contributed to these unexpected result"

[09:16] {magoo} F4

[09:17] {nemo} kewl

[09:17] {Threei} oh yeah... my keyboard is a bit different

[09:17] {Threei} forgot

[09:17] {nemo} you did it on purpose

[09:17] {Threei} cruel CHTP

[09:17] {magoo} wheres bounce?

[09:17] {Threei} Reminder: five IPO's scheduled for today

[09:17] {Threei} ** there are two listed IPO's, which can open for trading at any time after 9:30amET:

[09:18] {Threei} - ART: Priced 25M share IPO at $26/share v $24-26/share expected pricing range. The lead underwriter is Goldman Sachs. The company is an asset management firm which caters to institutional and mutual fund clients.

[09:18] {Threei} - ARI: Priced 10M share IPO at $20/share. The lead underwriters are JP Morgan, Citi and Barclays. The company is a commercial real estate finance company that invests in commercial real estate loans, commercial mortgage-backed securities and other real estate-related debt investments.

[09:18] {Threei} ** there are also three NASDAQ IPO's today:

[09:18] {Threei} - AONE: Prices IPO at $13.50/share, increases offer size to 27.5M from 25M. Announced today the initial public offering of 28,180,501 shares of its common stock at $13.50 per share. AONE makes advanced rechargable lithium-ion batteries.

[09:18] {Threei} - CLNY: Priced 12.5M share IPO at $20.00/share, which is in line with the expected price. The lead underwriters are Bank of Americal/Merrill, Goldman, Morgan Stanley and UBS. The Company is a newly formed real estate finance company that will focus primarily on acquiring, originating and managing commercial mortgage loans, which may be performing, sub-performing or non-performing loans The Company intends to elect and qualify to be taxed as a real estate investment trust.

[09:18] {Threei} - VITC: Priced 11M share IPO at $12/share vs. expected pricing range of $11-13/share. The lead underwriters are Jefferies, Oppenheimer; Co Managers Needham and Roth Capital. The company is an online retailer and direct marketer of health and wellness products.

[09:19] {Threei} AONE may be interesting

[09:21] {tomg} good morning all :)

[09:21] {Threei} tom :)

[09:22] {Threei} is CHTP one drug company??

[09:22] {Threei} selloff seems to be horribly excessive

[09:23] {magoo} seems so

[09:27] {nemo} oil plummeting how airlines?

[09:30] {dptl} good morning all

[09:30] {Threei} dp :)

[09:33] {nemo} news bbby

[09:33] {nemo} ?

[09:33] {magoo} RIMM vad

[09:34] {Threei} downgrade earlier

[09:34] {Threei} nithing fresh

[09:34] {nemo} ahh...beat down

[09:34] {Threei} watching YRCW for bounce

[09:35] {Threei} RIMM is not ready yet

[09:35] {nemo} chef vad

[09:37] {Threei} 86 cross... couldn't type in time

[09:37] {Threei} let's see if we get double bottom

[09:38] {Threei} dive closer to 86

[09:39] {Threei} yeah right

[09:40] {Threei} Short Setup: CAT .45 break

[09:40] {Threei} if stays below .60

[09:41] {Threei} not a scalp for me

[09:41] {magoo} RHT on fire

[09:42] {Threei} under 1:1, covering half

[09:43] {Threei} stop to above .50

[09:44] {Threei} Preview: Aug Existing Home Sales due out at 10amET

[09:44] {Threei} **consensus expectation: 5.35Me (+2.1% m/m) v 5.24M prior.

[09:44] {Threei} - range of expectations

[09:45] {Threei} 1/4 more out CAT

[09:45] {magoo} covered CAT .11 TY

[09:45] {Threei} .15

[09:45] {Threei} welcome mags

[09:45] {Threei} stop to above .40 for the last piece

[09:46] {nemo} ty vad

[09:46] {tomg} out .13, ty vad

[09:46] {Threei} sure thing guys

[09:46] {Threei} hey, this is our first market following short in quite a while

[09:47] {Threei} PALM Hearing dealreporter making cautious comments in the name (16.75, -0.21, -1.24%)

[09:47] {magoo} LVS MGM vad

[09:47] {magoo} bouncers?

[09:47] {Threei} LVS either double bottom or breakdown

[09:48] {Threei} my inclination is breakdown

[09:48] {magoo} thats the toughie

[09:48] {Threei} need little consolidation for closer stop

[09:48] {Threei} trigger is .40 break of course

[09:48] {larisa} hope ese did not hold STEC overnight

[09:49] {Threei} DNDN Sees NJ site at full capacity as of H1 2011; Will manufactor enough Provenge to generate Rev of approx $500-1B (27.28, -0.99, -3.50%)

[09:50] {magoo} AM vad nuts

[09:50] {Threei} AM Reports Q2 $0.40 v $0.06e (ex benefit), R $356.4M v $363Me

[09:50] {Threei} - Pre-tax benefit from an insurance program of $7.9M (after tax of approximately $7.6M)

[09:51] {magoo} any read RHT vad?

[09:52] {magoo} RIMM too

[09:52] {magoo} sorry alot going on here

[09:53] {Threei} Short Setup: LVS .50 breakdown

[09:53] {Threei} stop above .60

[09:54] {Threei} aggressive entry for that .40 trigger

[09:54] {Threei} 1:1 in a hurry

[09:54] {nemo} didn't get the message until after trigger

[09:54] {fernp} true

[09:54] {nemo} what I said fern, or 1:1 in a hurry?

[09:54] {Threei} it was at .48

[09:55] {Threei} watch the bounce for entry

[09:55] {larisa} .38 here when message came

[09:55] {nemo} not when it came across...must be network problem

[09:55] {Threei} .38??

[09:55] {nemo} already in .30's

[09:55] {Threei} wow

[09:55] {Threei} okay, let's see if gives second chance

[09:56] {Threei} this comment takes the prize:

[09:56] {Threei} (IT) Italian PM Berlisconi: G20 can not allow further speculation in commodities

[09:57] {nemo} Yeah...the italian economy has always been in such great shape

[09:57] {nemo} the only organization that functions well is the mafia

[09:58] {Threei} crrrap... no second chance LVS

[09:59] {magoo} hit rimm .98 long

[09:59] {larisa} lol me too :)

[09:59] {Threei} OK

[09:59] {Threei} in LVS

[10:00] {Threei} stop above .60

[10:00] {nemo} long?

[10:00] {Threei} AUG EXISTING HOME SALES (M/M): 5.1M V 5.35ME (-2.7% M/M)

[10:00] {Threei} ???

[10:00] {Threei} wake up

[10:00] {larisa} :)

[10:00] {Threei} I was hunting for swecond chance entry and posted it like three time

[10:00] {nemo} I looked away when you said no 2nd chance

[10:01] {Threei} cover half who got it

[10:01] {Threei} (US) Fed: Will weight continuing TAF on permanent basis, seeking public comment

[10:02] {Threei} out last portion CAT

[10:02] {nemo} posted what, that you were looking?

[10:02] {Threei} 52.50

[10:02] {larisa} nice CAT call, week stock off resistance.. beauty

[10:02] {Threei} +.95

[10:02] {Threei} nemo... you want to tarde or to argue?

[10:03] {Threei} covering LVS in full

[10:03] {Threei} .15

[10:03] {Threei} +.30

[10:03] {nemo} no, just wondering if info coming across mirc

[10:05] {Threei} ok, let's see

[10:05] {Threei} [09:55] {Alert} Threei watch the bounce for entry

[10:05] {Threei} [09:55] {Alert} Threei okay, let's see if gives second chance

[10:06] {Threei} [10:00] {Alert} Threei OK

[10:06] {Threei} [10:00] {Alert} Threei in LVS

[10:06] {nemo} forgot the "crap..." line

[10:06] {Threei} does it translate into long in any way?

[10:07] {Threei} not even speaking of

[10:07] {Threei} [10:00] {Threei} stop above .60

[10:07] {nemo} yep

[10:07] {fernp} BAC bounceVad?

[10:07] {Threei} why did I ever cover it

[10:08] {Threei} not sure we are ready for bounces

[10:08] {fernp} ok

[10:08] {Threei} market mood has changed drastically

[10:12] {larisa} RIMM reports after close?

[10:12] {Threei} yes

[10:13] {larisa} watching for 2d bottom, missed first off 83.50

[10:14] {Threei} IMO{ change the mode

[10:14] {Threei} it's breakdowns

[10:15] {Threei} not bounces

[10:16] {Threei} US House Committee postpones hearings on credit ratings agencies (related MCO MHP )

[10:16] {Threei} why, they are very nusy with something?

[10:16] {Threei} busy

[10:21] {Threei} Long Setup: YRCW .700 if stays above .60

[10:21] {Threei} scalp only

[10:26] {mib_izoaq1} oh my god....i'm in.......shaking!!!! Shivering!!!! trading room withdrawl.......ahhhhhhhhhh can rest easy now

[10:26] {nemo} ese?

[10:27] {Threei} lol

[10:27] {Threei} ese is hiding fromn his brother under tis nick I guess

[11:35] {ese} looks like i'm in again....anyone else hangin

[11:35] {Threei} jeez

[11:35] {ese} and i'm ese

[11:35] {nemo} Hi Honey! I'm Home!

[11:35] {ese} and and and......your VAD!!!!!

[11:35] {dptl} [08:33] {dptl} oh i am first one

[11:35] {ese} hello dear

[11:36] {nemo} sweetie pie!

[11:36] {ese} nope.....i was

[11:36] {nemo} There's something seriously wrong with us

[11:36] {ese} ha ha dp

[11:36] {Threei} something?

[11:36] {Threei} try everything

[11:36] {dptl} lol

[11:36] {nemo} DPWFL

[11:36] {ese} ok ...swhivering and shaking has stopped again

[11:37] {patience} good morning guys

[11:37] {nemo} mainline traiding ese?

[11:37] {ese} you got a drug for that vad.....trading room withdrawl

[11:37] {Threei} AONE does

[11:37] {ese} pppppaaaaaaaaatttttttttiiiiieeeennnnccceee!!!!!!!!! we haven't lost you......oh my god i thought it was over

[11:38] {nemo} aig an rimm seem to be teasing both ways

[11:38] {Threei} watch it and you are symptoms-free

[11:38] {ese} start of down trend today boys and girls....hmmmmmwhadaya think?

[11:39] {nemo} Read the caption over the window dude

[11:39] {patience} don't know...will wait until this spin doctor week is over....

[11:40] {Threei} well, we did two shorts today ese

[11:40] {ese} which ones

[11:40] {Threei} CAT and LVS

[11:40] {ese} lemme take a look

[11:41] {ese} 53 on dn for cat?

[11:41] {ese} that looks very nice

[11:42] {ese} lvs 18.30 on dn.....very nice ladies and gentlemen

[11:43] {nemo} gentlemen?

[11:43] {ese} loosely speaking of course

[11:43] {Threei} actually, CAT we shirted around 53.50

[11:43] {ese} ....me thinks this isn't over...patience are you on the sidelines or shorting

[11:43] {Threei} and LVS 18.50

[11:44] {ese} nice

[11:45] {ese} take a look at dndn....the bounce it took...boes well for the future

[11:45] {ese} bodes

[11:45] {Threei} it had news too

[11:45] {ese} i think so

[11:45] {Threei} boy I hope magoo saw AONE momo...

[11:45] {Threei} his play

[11:46] {patience} ese, i am doing a bit of buying...just scalping....majority of money is on the sidelines

[11:46] {patience} not shorting yet

[11:47] {Threei} US Deputy Sec of State: China and US are not looking to create a trade war due to tire dispute

[11:47] {ese} ya same here with money....i like the neighbourhood i'm living in....prefer to keep it

[11:47] {nemo} rimm might be a short if it doesn't stay above .95

06[11:50] * nemo slaps magoo around a bit with a large trout

[11:50] {magoo} INNNNNNNN

[11:50] {Threei} mags...

[11:50] {Threei} [11:45] {Threei} boy I hope magoo saw AONE momo...

[11:50] {Threei} [11:45] {Threei} his play

[11:50] {nemo} volumes pretty strong

[11:50] {magoo} i actually did

[11:50] {Threei} cool

[11:51] {magoo} my exit .97 no shit..but entry was .40

[11:51] {Threei} 19.97?

[11:51] {magoo} yea

[11:51] {Threei} nice timing

[11:51] {magoo} my in 19.40..so not great

[11:52] {Threei} no... attack on 19 was where you would usually enter if watched it

[11:52] {Threei} we that typical "again and again, until we break that dam"

[11:52] {Threei} was

[11:56] {ese} l aone .59

[11:56] {Threei} we are reversing

[11:56] {Threei} or at least starting much more deep pullback than in months

[11:57] {ese} out aone.81 3k of the little blighters

[11:57] {ese} tks for that vad

[11:57] {gnslng} Nemo, could you tell me how to enable sounds,thx gns when you get a chance

[11:58] {Threei} welcome ese

[11:59] {Threei} next break

[12:00] {fernp} am i in?

[12:00] {fernp} lost connection

[12:00] {Threei} yes fern

[12:00] {Threei} not just you

[12:00] {fernp} ty

[12:00] {Threei} server was down

[12:00] {Threei} you never got an e-mail?

[12:01] {fernp} now i see the email

[12:01] {ese} that was the first time i'd traded an ipo.....

[12:01] {ese} up and dn like a rocket.......

[12:03] {nemo} aig woke up

[12:04] {ese} did it ever

[12:07] {Threei} was a bit hesitant on LVS short call at .50 break

[12:07] {Threei} still not fully in short mode

[12:07] {nemo} folks...where else might the Alert setting window be other than under "Ucentral" when you right click on a name

[12:07] {Threei} Info

[12:07] {Threei} in new version

[12:08] {nemo} I check for updates...no new version available

[12:08] {nemo} where's "Info"?

[12:08] {Threei} right click on a nick

[12:08] {Threei} there should be line Info

[12:08] {Threei} in mIRC newer than yours

[12:09] {nemo} I have Ucentral...got that gnslng?

[12:09] {ese} l dndn .20

[12:09] {Threei} Ucenral is in older version, I have that one too

[12:09] {nemo} huh...on the mirc site it says v6.35, which is what I have

[12:10] {Threei} click Help - Check for Updates

[12:10] {nemo} yes did that...none...went to the site, all it shows is v6.35

[12:10] {Threei} strange... I have 6.32

[12:11] {Threei} 6.35 should be with Info

[12:11] {fernp} 6.35 here

[12:11] {nemo} so...I ahve the latest

[12:11] {Threei} fern, where is Highlight section in your version?

[12:11] {Threei} to set the sound alert

[12:12] {fernp} right click threei --} info --}highlight

[12:12] {Threei} yup, that's what I thought

[12:12] {Threei} thank you

[12:12] {fernp} :)

[12:12] {Threei} LVS...

[12:12] {ese} out dndn .17 -.03 i ain't hangin around long today

[12:12] {Threei} killage in progress

[12:12] {nemo} Well, all's right with the universe...mines fubar

[12:13] {Threei} dino's in the house

[12:13] {Threei} we are slowly recovering from putage... people catch the train

[12:14] {dino} lol

[12:14] {Threei} where is the rest 3,985,082 subscribers

[12:15] {Threei} oh wait, that was in that nightmare where I sw myself as Cramer

[12:15] {dino} stec gap filled from couple days ago

[12:16] {dino} xlnx l from .10, close gap fill tues. close

[12:17] {dino} clw coming into yesterdays lod

[12:17] {dino} thin

[12:17] {dino} amn interesting range

[12:18] {dino} nemo, i missed mos, waited at 50.00, ugh

[12:18] {dino} pretty reliable pattern mos has

[12:19] {dino} avgo

[12:20] {fernp} AIG 47 break?

[12:21] {Threei} 50/50

[12:21] {Threei} why not try small shares

[12:21] {fernp} ok

[12:21] {dino} thats an extreme "pulp" mover

[12:22] {fernp} i'll pass

[12:22] {Threei} yeah

[12:22] {Threei} rejections are more likely now,

[12:23] {Threei} and for the breaks of this kinf aggressive entries are not an option anymore

[12:23] {Threei} mags, you keep it in mind

[12:23] {Threei} this is your preferrable mehtod,

[12:23] {Threei} and it;'s NOT suitable for this makrte

[12:24] {magoo} yup

[12:30] {dino} cprt blood

[12:31] {Threei} Preview: Treasury's $29B 7-year note auction results due out just after 1pmET

[12:31] {Threei} - $29B is is a $1B increase from the Aug auction

[12:31] {Threei} - prior bid-to-cover was 2.74

[12:31] {Threei} here is that auction again

[12:31] {Threei} I'll wait for larisa to learn all about it and then teach me

[12:31] {larisa} I do not want to

[12:32] {Threei} ok, then I'll die not knowing

[12:32] {larisa} I better eat chocolate and watch TV

[12:32] {Threei} and probably better for it

[12:32] {dino} i think it only matters when they stop buying

[12:38] {magoo} any read A! vad

[12:38] {magoo} A1

[12:39] {nemo} I wont do that again

[12:39] {Threei} magoo?

[12:39] {magoo} huh

[12:39] {Threei} A1?

[12:39] {magoo} AONE

[12:39] {Threei} rofl

[12:39] {nemo} jeez vad...even I got that

[12:39] {Threei} oh you did?

[12:40] {nemo} understood it

[12:40] {Threei} fine, YOU answer magoo then

[12:40] {nemo} whoa

[12:40] {nemo} tried to update my mirc..not a good idea

[12:40] {Threei} no mags

[12:40] {Threei} it was fine when it had momo

[12:40] {magoo} in the meantime magoo ? gets lost

[12:41] {Threei} now momo's gone, and it's still IPO{

[12:41] {Threei} wit nothing technical to it

[12:41] {nemo} so, is it now a posipo

[12:41] {Threei} I had this question a day or two ago, and larisa saved him... now I have to repeat:

[12:42] {Threei} anyone objects if we kick nemo out?

[12:42] {Threei} lol

[12:42] {Threei} [12:42] * nemo Quit (Quit: )

[12:42] {Threei} -----------

[12:42] {magoo} oh oh

[12:42] {magoo} vad..thoughts on RIMM here especially with earnings tonite

[12:43] {magoo} i would think they ram it up

[12:43] {Threei} I have feeling bounces are in play right now

[12:43] {magoo} LVS

[12:43] {magoo} trying finally

[12:43] {Threei} just let's try them carefully and keep stops like religion

[12:43] {magoo} sold out ..crushed..but reloaded .04

[12:43] {Threei} RIMM .20 break'

[12:44] {magoo} .40 area rejected rimm twice earlier

[12:44] {magoo} so needs to take .50 for runn

[12:44] {Threei} that's fine

[12:45] {Threei} we will scalp into that or partial

[12:45] {magoo} but scalp from .20 looks good

[12:45] {Threei} and bif offer at .20 makes break looking juicable

[12:45] {Threei} if that's a word

[12:45] {magoo} takes fitty..we might get near 85

[12:48] {magoo} out LVS .30

[12:50] {Threei} nemo... nice preemptive exit

[12:50] {nemo} I figured the cave wouldn't work

[12:51] {Threei} and larisa may not want to save you this time

[12:51] {Threei} let's go RIMM

[12:51] {nemo} go on break of .20?

[12:51] {magoo} in of course

[12:51] {Threei} 1:1

[12:51] {Threei} half out or scalp

[12:51] {magoo} needs fitty

[12:54] {magoo} it takes .50 and im ridinbg it

[12:55] {nemo} pivot resistance is @ .37 mags

[12:57] {Threei} second half is stopped b/e

[12:57] {magoo} gooby.com has issued a buy on RIMM

[12:57] {magoo} says coiling

[12:58] {nemo} on 5 min break of .50 looks juicy

06[13:01] * magoo slaps dawg around a bit with a large trout

[13:01] {magoo} bad dog

[13:01] {Threei} TREASURY'S $29B 7-YEAR NOTE AUCTION DRAWS 3.005% WITH BID-TO-COVER RATIO: 2.79 V 2.63 PRIOR AND 2.48 OVER THE LAST SEVEN

[13:01] {Threei} - indirect bidders take 61.2% of competitive bids

[13:01] {Threei} 46.3% alotted at the high

[13:02] {magoo} 4th try

[13:02] {magoo} ,40 area

[13:03] {nemo} tlt not really reacting on that news

[13:04] {magoo} ok :)

[13:05] {magoo} giddy up

[13:05] {magoo} patrick swayze in point break"c'mon jonny..we gonna ride this all the way"

[13:06] {nemo} look where that got him

[13:06] {nemo} the big dirt nap

[13:06] {larisa} not nice

[13:07] {nemo} nature is unkind

[13:07] {magoo} he was a good guy

[13:07] {nemo} absolutely...really liked his stuff

[13:07] {nemo} only the good die young

[13:08] {magoo} then vads gonna live forever

[13:08] {Threei} lol

[13:08] {nemo} I make the snowballs you throw em

[13:08] {magoo} u insert rocks in them

[13:08] {nemo} only vads

[13:10] {nemo} aig maybe .60 break

[13:10] {nemo} 46 I meant

[13:11] {magoo} i took that AIG

[13:11] {nemo} cool, made 1:1

[13:11] {magoo} well...

[13:12] {magoo} looking for a rip

[13:12] {nemo} cat break..oops broke

[13:14] {nemo} no volume on aig pullback

[13:16] {magoo} RIMM such a stupid donkey today

[13:17] {nemo} scalps to the upside riders to the downside

[13:17] {larisa} very good for scals

[13:17] {larisa} +p

[13:17] {nemo} what's +p lari?

[13:17] {larisa} scals +p

[13:18] {Threei} lol

[13:18] {Threei} nemo, you are something...

[13:18] {nemo} or would that be -s +p +s

[13:18] {nemo} well "+p" has an entirely different meaning to me

[13:19] {Threei} you read every line in complete isolation

[13:19] {nemo} moth memory

[13:20] {Threei} nah, that's me with moth memory,

[13:20] {nemo} alright, bacterial

[13:20] {Threei} and you make us both look like Einstein {G}

[13:20] {nemo} I wouldn't say you look like Einstein

[13:20] {Threei} ok... moth can have the looks

[13:24] {Threei} (EU) EU's Barroso: Economic and financial situation remains fragile, believes governments need to prepare exit strategies and have them 'ready to go'

[13:24] {Threei} - Insists that governments need to maintain their economic support programs

[13:24] {Threei} - Would like to see decisive action on bank pay

[13:24] {Threei} they repeat it for months

[13:24] {Threei} isn't it time to write a new speech?

[13:25] {Threei} fragile, difficulties ahead, green shoots, prepare exit, do not withdraw stimulus measures too soon, regulate banks - there

[13:44] {Threei} RGBO US Senator Grassley notes FDA will review approval of the Knee device from 2008; sees approval as 'too quick' (11.73, -0.46, -3.77%)

[13:44] {Threei} what does senator have to do with FDA reviewes?

[13:49] {nemo} $ kicking butt today

[13:50] {Threei} wasn't it supposed to go to zero?

[13:51] {Threei} and gold to infinity?

[13:53] {Threei} LVS... breakdown or no breakdown

[13:54] {Threei} tempting

[13:54] {Threei} 17 - 17.10 or 17.15

[13:58] {ese} outta here until tomorow.....interesting day....take care

[13:58] {Threei} take care ese

[13:58] {ese} cya vad

[13:59] {dptl} ye..me too...see ya tomorrow all.....have a good one

[14:01] {Threei} :)

[14:02] {Threei} let's try it differently

[14:03] {Threei} Short Setup: LVS .10 break

[14:03] {Threei} if stays under .20

[14:03] {nemo} that was quick

[14:09] {Threei} SNIC CEO: Offering streaming movies to cable TV subscribers; and movie downloads through Blockbuster

[14:10] {Threei} NYSE Euronext CEO: Federal government is pressuring NYX to make acquisitions of other exchanges, not be acquired

[14:10] {Threei} - High-frequency trading shouldn't be bundled with other market issues currently under scrutiny.

[14:10] {Threei} - Volume going through alternative venues makes it difficult to keep tabs on market manipulation.

[14:10] {nemo} well, gotta' get ready to go

[14:10] {nemo} cu 2morow

[14:11] {Threei} what, not going to wait for LVS hitting 16?

[14:11] {nemo} can't

[14:11] {Threei} okay.. scalped at least?

[14:11] {nemo} .08

[14:14] {fernp} LVS I am out here TY Vad

[14:14] {Threei} :)

[14:15] {dino} 3% + drop ndx, s/p. stock moves are much bigger. lots of stuff i watch down 5-15%

[14:16] {Threei} I guess we just tend to watch more volatile stuff

[14:16] {fernp} fast sell is not working here. doesn't cancell my previous order.

[14:16] {fernp} are you using fast sell vad?

[14:16] {Threei} yes

[14:17] {Threei} what trade you use it on?

[14:17] {fernp} LVS, YRCW

[14:17] {Threei} short?

[14:17] {fernp} one short one long

[14:17] {Threei} on short it won't work

[14:17] {Threei} it's fo sell only

[14:18] {fernp} yeah

[14:18] {Threei} exiting short you buy

[14:18] {Threei} OK LVS.. break that 17

[14:18] {Threei} on long, there are two scenarios

[14:18] {Threei} one is, stosk is avaliable for shorting,

[14:18] {Threei} then fast sell works like charm

[14:18] {Threei} another is, stock is not available,

[14:19] {Threei} then your first order will be canceled but new one wqon't be entered

[14:19] {Threei} you'll see a red line saying:

[14:19] {Threei} no long position to sell

[14:19] {Threei} click second time then,

[14:19] {Threei} actual sell order will go through

[14:20] {Threei} as first one is already canceled

[14:20] {fernp} ok. thank you

[14:20] {Threei} YRCW is unavailable

[14:20] {Threei} so that's probably what happened

[14:20] {fernp} i have a msg saying you have no shares to sell

[14:20] {Threei} yup

[14:21] {fernp} but i was long 500

[14:21] {Threei} yes,

[14:21] {Threei} but you already had sell order entered

[14:21] {fernp} yes

[14:21] {Threei} so,

[14:21] {Threei} from software point of view

[14:21] {Threei} you tried to short it

[14:21] {Threei} and there are no shares to short for this partuclar stock

[14:22] {Threei} fast sell algorithm is: send new sell order, cancel first

[14:22] {fernp} ok. fast sell works ok when stock is shorteable

[14:22] {fernp} if not. better press cancell

[14:22] {Threei} if ifor that it has to have shares for short

[14:22] {Threei} no, no need to cancel

[14:22] {Threei} click sell,

[14:22] {Threei} if no shares to short, it will cancel

[14:23] {Threei} so just click sell second time

[14:23] {Threei} anyway faster than cancel, move cursor to sell button, click again

[14:23] {Threei} you are already at sell button

[14:23] {Threei} see what I mean?

[14:23] {fernp} ah, to press twice sell?

[14:23] {Threei} yup

[14:24] {fernp} THANK YOU

[14:24] {Threei} sure

[14:24] {Threei} just make sure you se that red line

[14:24] {Threei} 'cause if shares appeared whuile you held position and stock became shortable

[14:24] {Threei} you will short it by clicking twice :)

[14:25] {fernp} :) bad luck then

[14:25] {Threei} or not... if it drops :)

[14:26] {fernp} true

[14:27] {Threei} US Senate Democrats to introduce legislation on Sept 30 to reduce greenhouse gas emissions (related CARBX USO UNG )

[14:44] {dino} stec break of .00

[14:46] {dino} mnkd l .33 stop lod

[14:56] {larisa} over 9800 today, over 10K tomorrow?

[14:56] {larisa} I want a surprise

[15:05] {magoo} read RIMM vad?

[15:07] {Threei} none really

[15:13] {Threei} Chavez talking about movies

[15:13] {Threei} wehat kind of zoo they are running at UN really

[15:15] {dino} they should disban it, waste of time and money

[15:16] {Threei} I say bulldozer

[15:16] {dino} burn 'em all ike, burn 'em all

[15:19] {dino} tombstone

[15:29] {fernp} see you all tomorrow. have a good evening

[15:29] {Threei} take caere fern

[15:30] {dino} we are going up because cramer just posted 9k before 10k on dji. the ultimate short term contrary indicator

[15:30] {Threei} jeez

[15:30] {Threei} I really need to stop watching charts, start watching this guy and just fade him

[15:32] {dino} indeed

[15:32] {Threei} ok, let's see ig this imbalance thingy works

[15:32] {Threei} IWM

[15:33] {Threei} buy imbalance

[15:33] {Threei} UCO sell

[15:39] {magoo} vad..gun to your anus...rimm pop up or down after bell??

[15:40] {Threei} no slightest idea mags, it's earnngs

[15:40] {Threei} feel has a chance to work on chart

[15:40] {Threei} but I don't know how to get a feel for what earnings will be :)

[15:41] {Threei} the only thing I can say is,

[15:41] {Threei} we are in the market phase that is more likely to sell even good news

[15:41] {magoo} good point

[15:50] {dino} mnkd stopped -.09

[15:57] {dino} out stec flat

[15:58] {Threei} okay guys, thak you all

[15:59] {Threei} have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {Threei} I'll try to post rimm mags

[15:59] {larisa} thak you too :)

[15:59] {magoo} ty

[15:59] {Threei} I knew that

[15:59] {Threei} as soon as I saw what I typed :)

[16:00] {larisa} predicting future?

[16:00] {Threei} just a tadf

[16:00] {Threei} as far as the ways to smack me go

[16:00] {lasertrev} good night all

[16:00] {Threei} self-preserving instincts, you know

[16:01] {Threei} gotta know where to expect the slap from

[16:01] {Threei} take care trev

Sep 23 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

We stayed inactive for the most part of the day but still did a few good trades not spoiled by couple stops. Notably, AIG short worked flawlessly. The rest was your normal garden variety HIG/PALM/WFC

Session Time: Wed Sep 23 00:00:00 2009

[07:55] {magoo} morning

[07:55] {nemo} comrade

[08:04] {magoo} am i here, crashed

[08:04] {nemo} .

[08:04] {nemo} such existential questions

[08:21] {Threei} good morning

[08:21] {nemo} :)

[08:21] {magoo} :)

[08:21] {Threei} wow

[08:21] {Threei} stop smiling, you are scaring me

[08:21] {nemo} it's just a couple of key strokes...I'm sticking pins in your voodoo doll as we speak

[08:21] {Threei} whew... OK, my world is back

[08:26] {Threei} LVS JP Morgan raises price target to $24 from $17 (19.27, 0.00, 0.00%)

[08:26] {Threei} (US) FDIC to meet on 9/29 to consider ways to replenish deposit fund (related XLF )

[08:26] {Threei} yeech

[08:27] {nemo} they're broke

[08:31] {magoo} news XLNX

[08:32] {Threei} 8:01:54 AM

[08:32] {Threei} Xilinx Inc Guides Q2 Rev +10% q/q (implies $413.6M v $391.6Me) (+2-6% q/q prior)

[08:32] {Threei} - Affirms Q2 gross margin 61%

[08:32] {Threei} - The increased sales guidance is primarily due to broad based strength across nearly all end markets and geographies.

[08:38] {Threei} CPST worth keeping eye on

[08:40] {cosmo} XLNX sees better times ahead...

[08:40] {Threei} sure... tunnel... light... train...

[08:41] {cosmo} oh geez

[08:41] {cosmo} thx for the warning

[08:41] {Threei} sprry cosmo, I am just very vulnerable this morning... had a shock

[08:42] {Threei} as soon as I said "good morning", both nemo and magoo smiled in response... you can imagine the horror

[08:42] {Threei} my heart is still pounding...

[08:43] {cosmo} i feel paranoid just thinking about it....

[08:43] {cosmo} :)

[08:43] {Threei} I knew you'd understand

[08:44] {nemo} yeah...I'm letting my hair grow..going to tie-die and Birkenstocks...considering becoming a vegetarian

[08:44] {Raven} sigh

[08:44] {nemo} mmmmmmhhhhh....the People's Republic of Massachusetts has finally gotten to me.

[08:45] {nemo} Guess I'll have to start reading that New Age stuff

[08:50] {Threei} (CH) PBoC's Zhou: SDR proposal was a response to the incorrect view that China's high savings rate and trade surpluses were causes of the financial crisis

[08:50] {Threei} ***Reminder: On Sept 23rd A US Official stated that President Obama and China's Hu discussed the need for more balanced global growth but did not discuss issue of US dollar's role as reserve currency

[08:55] {dino} gm all

[08:55] {nemo} :)

[08:55] {Threei} dino :)

[08:59] {cosmo} KERX

[08:59] {magoo} KERX vad..news?

[08:59] {cosmo} :)

[09:01] {Threei} 8:31:42 AM

[09:01] {Threei} Keryx Biopharmaceuticals Inc Reports Results of Open Label Extension Study Examining Long-Term Use of Zerenex, for the Treatment of Hyperphosphatemia

[09:01] {Threei} - Results of the Open Label Extension (OLE) trial of Zerenex (ferric citrate) for the treatment of elevated serum phosphorous levels, or hyperphosphatemia, in patients with end-stage renal disease (ESRD) on dialysis. The OLE trial, conducted in Taiwan, enrolled 29 of the 37 Taiwanese patients that had completed the randomized, multi-center, multi-national (United States and Taiwan) dose-ranging Phase 2 study.

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

[09:02] {lasertrev} gm

[09:03] {nemo} stec might be woth a look too

[09:04] {cosmo} KERX needs to hold 3.10 imo

[09:10] {KSystems} Boo

[09:10] {nemo} Boesewicht

[09:10] {KSystems} schnarchnase

[09:10] {Threei} ks :)

[09:10] {nemo} lech....nevermind

[09:10] {KSystems} 3i :D

[09:13] {fernp} good morning everybody

[09:14] {nemo} fern

[09:14] {Threei} fern :)

[09:14] {nemo} stec broke resistance

[09:16] {nemo} hi lari :)

[09:16] {larisa} gm :)

[09:16] {KSystems} lari?

[09:16] {KSystems} now thats sweet

[09:17] {larisa} do not ask :)

[09:17] {nemo} :)

[09:17] {larisa} hi KS :)

[09:17] {magoo} whats on the watch ;list vad?

[09:17] {KSystems} hi...

[09:17] {KSystems} lissy

[09:17] {KSystems} :P

[09:17] {Threei} larisa :)

[09:17] {larisa} lol

[09:17] {Threei} (US) Treasury's Ramanathan: Gross US issuance in 2009 will be $7T (related EUR/USD TLT SHY )

[09:17] {nemo} lissy Borden had an axe...

[09:18] {Threei} anyone knows how 7T compares?

[09:18] {ese} good morning

[09:18] {nemo} dude

[09:18] {magoo} PALM

[09:18] {ese} dude

[09:18] {Threei} ese :)

[09:20] {dptl} good morning all

[09:21] {magoo} PALM news vad?

[09:22] {Threei} Palm, Inc Prices 20M share offering at $16.25/shr

[09:22] {Threei} - underwriters will also have a 30-day over-allotment option to purchase 3,000,000 additional shares of common stock from Palm at the public offering price. Upon the closing of the offering, Palm will receive net proceeds of approximately $313.1M, assuming no exercise of the underwriters over-allotment option.

[09:22] {Threei} - Expects to use the proceeds for working capital and general corporate purposes.

[09:22] {Threei} dp :)

[09:23] {Threei} Financial Accounting Standards Board (FASB) expected to approve new accounting rules today that could boost sales and profits reported by tech firms

[09:23] {Threei} - FASB is expected to approve rules today that would allow firms that sell products that include hardware and software (like smartphones) to book a larger portion of revenue upfront, versus the current rules under which the companies typically have to spread out the booked revenue over the expected lifetime of the product (e.g. two years for a smartphone).

[09:23] {Threei} - articles notes that firms that publicly supported the rule change include HPQ, CSCO, IBM, DELL, AAPL, PALM and XRX.

[09:24] {ese} aapl......Apple Inc Received approval to sell the iPhone in South Korea - South Korea amended the technical ban which had originally blocked the iPhone.

[09:24] {ese} hmmmmmmmm

[09:25] {Threei} ABK is still on watch for breakout on daily

[09:25] {Threei} PALM, on watch generally but no clear idea of the setup yet

[09:32] {nemo} palm holding nicely

[09:32] {nemo} so much for that

[09:32] {Threei} Long Setup: OPXA .25 break

[09:33] {nemo} missed

[09:33] {fernp} missed

[09:33] {ese} missed

[09:34] {Threei} Long Setup: KERX .30 breaK

[09:35] {Threei} if holding above .15

[09:36] {magoo} JAZZ movin

[09:36] {Threei} offer OPXA above .40

[09:37] {magoo} out .41 TY

[09:37] {Threei} hmmm

[09:37] {Threei} starts looking like momo

[09:38] {Threei} let's try to catch pullback

[09:39] {dino} hl l aipc .47

[09:40] {Threei} PALM

[09:40] {Threei} .55 long

[09:40] {Threei} if holding above .40

[09:42] {Threei} OPXA... feels like 5 if takes .65

[09:42] {nemo} is that a setup?

[09:43] {Threei} yes, just very risky

[09:43] {nemo} 1:1 palm

[09:43] {ese} l erts

[09:43] {ese} .24

[09:43] {Threei} Congressman Frank sees floor vote in the House on financial regulation reform bill in Nov

[09:43] {ese} out erts .34 +.10

[09:44] {Threei} pullback OPXA... this I like more than breakout

[09:45] {Threei} PALM 1:1

[09:45] {ese} watching this pullback in xlnx

[09:45] {fernp} ty Vad

[09:48] {Threei} crrrap

[09:49] {Threei} typed alert .40 break on OPXA

[09:49] {magoo} i hit .38

[09:49] {Threei} somehow never sent it

[09:49] {magoo} i got it teklepath

[09:49] {Threei} good

[09:49] {nemo} moth

[09:51] {cosmo} OPXA gonna test .66 hod

[09:51] {cosmo} soon

[09:53] {cosmo} i thought

[09:55] {nemo} thinkin' again cosmo?

[09:55] {cosmo} there's meds for that

[09:55] {nemo} liquid meds

[09:56] {nemo} Feds must not have the printing presses on this morning

[09:57] {magoo} xlnx bouncer vad?

[09:57] {Threei} Long Setup: HIG .70 break

[09:57] {dino} avtr

[09:58] {nemo} stop .55

[09:59] {Threei} invalidated

[09:59] {dino} aipc stopped -.27

[10:00] {dino} v sm, v risky thin, s amn .67

[10:02] {nemo} wow..rimm

[10:02] {dino} stec gap fill

[10:04] {dino} amn to flat

[10:07] {dino} stopped flat

[10:08] {fernp} HIG again Vad?

[10:08] {Threei} worth a try

[10:09] {ese} was just looking at that dino stec

[10:09] {dino} agco hl l .25

[10:10] {Threei} ACAS...

[10:10] {dino} should've hit open gap in stec

[10:10] {Threei} noty sure if this break is worth the risk

[10:11] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:11] {Threei} **consensus expectations:

[10:11] {Threei} Crude: -1.4Me

[10:11] {Threei} Gasoline: +500Ke

[10:11] {Threei} Distillate: +1.5Me

[10:12] {ese} ya

[10:12] {ese} lots of stec possibilities from here though

[10:13] {ese} higher low pullback....break of .53

[10:13] {dino} lord obama on tv

[10:13] {Threei} well, for a change he is lecturing someone else

[10:13] {ese} and with a 39 price tag target......

[10:15] {ese} l stec 51

[10:15] {nemo} bad fill

[10:15] {dino} arj thin hl l .15

[10:15] {ese} nope...fill was ok for me

[10:16] {Threei} that's nemo's (lame) attempt at humor, ese... he means as if you got filled 51, not .51... clever eh?

[10:17] {magoo} HGSI upgrade

[10:17] {nemo} no...I had a bad fill, and stopped

[10:17] {dino} aipc hl l .22

[10:19] {Threei} CVM Hires Clinical Research Organization for Clinical Study With Hospitalized H1N1-Infected Patients

[10:19] {Threei} - In order for FDA to fully consider that next-stage clinical trial to evaluate LEAPS-H1N1 treatment... (1.79, -0.09, -4.79%) more...

[10:19] {Threei} fluff

[10:21] {Threei} HIG stop under .60

[10:21] {magoo} exit target hig?

[10:21] {Threei} feels like capable of more than scalp

[10:21] {Threei} half out

[10:22] {ese} out stec .65 +.14

[10:22] {Threei} scalpers are scalpers of course

[10:22] {dino} gj

[10:23] {dino} you say that w/such disdain 3i

[10:23] {Threei} lol

[10:23] {ese} tks.....well.....i guess so

[10:24] {ese} ahhhh it's vad your talking about pheeeeeewwwww

[10:25] {Threei} 5 min till oil numbers

[10:29] {nemo} hig break of .81?

[10:29] {ese} l xlnx .87

[10:30] {Threei} *DOE CRUDE: +2.85M V -1.4ME; GASOLINE: +5.4M V +500KE; DISTILLATE: +2.96M V +1.5ME; CAPACITY UTILIZATION: 85.5% V 85.9%E.

[10:30] {nemo} whoa

[10:30] {ese} blasted market....and xlnx being the market follower that it is....sheeeeeesh

[10:31] {dino} crikey

[10:31] {nemo} watch out for that stingray

[10:31] {nemo} amr likes the news

[10:31] {Threei} Long Setup: UAUA

[10:31] {Threei} awww

[10:31] {Threei} late

[10:31] {dino} aipc to .52

[10:32] {nemo} glad I didn't buy gas yesterday :)

[10:33] {Threei} EUR/USD USD firms as build in DOE inventories weighs upon Nov Crude futures - dealers

[10:33] {Threei} - EUR/USD at 1.4765

[10:33] {Threei} - Nov NYMEX Crude futures off $2.40 at $69.35/barrel

[10:33] {dino} out aipc +.28

[10:33] {Threei} hah... so it;s now the other way around?

[10:33] {Threei} oil drives USD?

[10:33] {nemo} it's early

[10:33] {Threei} I mean this comment

[10:34] {nemo} oh...another headline

[10:34] {nemo} oooohhh...yrcw

[10:35] {Threei} yeah... 4.50 break was it

[10:35] {Threei} missed

[10:35] {nemo} aig dead today...only traded 23 mil shares so far

[10:35] {Threei} EUR/USD IMF"s Strauss Kahn: USD will remain reserve currency; is the most reliable during crisis

[10:35] {nemo} that says a lot for other currencies

[10:35] {magoo} lvs crushed

[10:36] {Threei} yeah, that was always my pont in all those currency debates

[10:36] {Threei} what is firmer, more stable, etc?

[10:36] {Threei} rouble?

[10:36] {Threei} tougrick?

[10:36] {nemo} German Mark

[10:37] {ese} out xlnx .69 -.18 &^%^%$&^%&^%&^

[10:38] {dino} pins & needles, needles & pins...

[10:38] {dino} ugh amn

[10:39] {Threei} anyone went for UAUA on pillback?

[10:39] {dino} watching syna, xlnx, clw, pnra

[10:41] {dino} stec too

[10:41] {Threei} today's selling is different

[10:41] {fernp} out HIG

[10:42] {Threei} much more systainable than what we had prior

[10:42] {nemo} steady, not sporadic, and no buying to speak of

[10:42] {Threei} maybe this market really decided to settle down finally

[10:43] {dino} next week 3i

[10:43] {nemo} aig doing just what it did yesterday

[10:45] {ese} do you mean in bear mode vad

[10:46] {ese} or just stablize where it is?

[10:46] {Threei} I hope for some serious sizeable pullback

[10:46] {dino} liwa

[10:47] {nemo} whell, palm has had a good pullback

[10:47] {Threei} I am talking about general market

[10:48] {nemo} yes...but I was noting the palm pullback

[10:48] {Threei} it becomes harder and harder to find reliable plays

[10:49] {ese} agreed

[10:49] {Threei} RIMM Hearing vauge chatter of possible secondary offering

[10:49] {Threei} *Note: Firms is scheduled to report Q2 earnings after the close of Sept 24 (85.38, +0.52, 0.61%)

[10:50] {dino} pnra hl l .03

[10:52] {dino} rimm secondary, why?

[10:53] {Threei} gotta ask guys in bunker

[10:53] {dino} ahh

[10:53] {nemo} cash

[10:53] {Threei} they went through small bios list twice by now,

[10:53] {dino} sm wide risky l .94 clw

[10:53] {Threei} so they start coining things randomly

[10:59] {dino} xlnx hl l .74 stop .49

[11:00] {Threei} Gadhafi speaks now

[11:01] {KSystems} about what?

[11:01] {Threei} I guess, peace and love

[11:01] {Threei} and flowers

[11:01] {KSystems} drugs?

[11:02] {Threei} and autumn colors

[11:02] {larisa} SVA

[11:02] {magoo} SVA nuts

[11:03] {larisa} must be news, woke up after being flat

[11:03] {Threei} nothing that I see

[11:11] {Threei} what's with SNIC today

[11:11] {dptl} got to go...have a good rest of the day all.....see ya tomorrow

[11:11] {Threei} take care dp

[11:12] {dino} stec

[11:12] {Threei} KERX Files $40M shelf (2.90, +0.54, 22.88%)

[11:12] {Threei} lol

[11:12] {Threei} didn't take long

[11:16] {Threei} watching WFC as short candidate

[11:16] {Threei} prefer a bounce

[11:16] {Threei} to short near resistance

[11:20] {nemo} mos dino

[11:21] {magoo} vad..was there upgrade LVS today?

[11:21] {Threei} yes

[11:22] {Threei} LVS JP Morgan raises price target to $24 from $17

[11:22] {Threei} - also raised nubmers in MGM, price target goes to $16

[11:24] {magoo} ty

[11:26] {Threei} WFC nearong resistance

[11:29] {magoo} wheres the "right" resistance?

[11:29] {Threei} .20

[11:30] {Threei} next is .30

[11:30] {magoo} nearong

[11:30] {Threei} so I am trying to find an entry near .20 with stop above .30

[11:30] {Threei} hey UN Security Council is terrorism organization

[11:31] {Threei} I just heard it on TV

[11:31] {Threei} must be true

[11:31] {ese} l stec ..21

[11:31] {nemo} must be that ex-green czar

[11:31] {ese} sorry late call...am talking to my brother in TO

[11:32] {nemo} not during trading hours dude!

[11:32] {ese} out stec .33

[11:32] {ese} +.12

[11:32] {fernp} gj

[11:32] {dino} gj

[11:33] {ese} tks........as i post he's still talking to me on the phone........it costs me money

[11:33] {Threei} see that OFF button on the phone?

[11:34] {nemo} you can disconnect it quite easily

[11:34] {ese} he's got some cocamamie system that he's running by me based on hourly charts.......he's driving me nuts

[11:34] {nemo} stec again

[11:35] {dino} clw stop to .50

[11:35] {nemo} kinda' makes sense...he is your brother

[11:35] {ese} oddly though.....he reads this blog at the end of the day so that my post to you guys will get me into trouble

[11:35] {nemo} have the janitor edit hit

[11:35] {nemo} it

[11:36] {dino} lol i can relate

[11:37] {dino} clw to .66expect slip

[11:38] {magoo} look at the volume opf dinos CLW

[11:38] {nemo} off the charts

[11:38] {dino} huge

[11:38] {nemo} we're bad

[11:38] {dino} up .76 on it

[11:39] {dino} to .75

[11:39] {Threei} ese... it can be dited out... for a small adminuistrative fee...

[11:39] {nemo} so, should we call ese's brother names?

[11:39] {Threei} just $99.98 per symbol

[11:40] {nemo} including spaces?

[11:40] {dino} wwww

[11:40] {Threei} nemo just cost you about 2K in one line {G}

[11:40] {nemo} anything to help Vad

[11:40] {Threei} I am not sharing

[11:41] {ese} nothank you vad....i want him to read it......he may then get the message......stop bugging me ha ha ha ha ha.....this could mean some family disharmony

[11:41] {nemo} Did I ask?

[11:41] {dino} out clw ave .77, +.83

[11:41] {nemo} nice dino

[11:41] {Threei} WFC forms a range

[11:41] {ese} hey nemo start calling my brother names.....his name is gary....go from from there

[11:41] {Threei} .10 - .20

[11:42] {nemo} Gary the fairy

[11:42] {dino} ty

[11:42] {ese} good one

[11:42] {nemo} I know...breathe...count...breathe again

[11:45] {nemo} aig might top out around here if it doesn't break .68

[11:46] {nemo} bcrx showing some life

[11:48] {dino} ntri

[11:49] {dino} whr

[11:49] {Threei} NTRI Hearing downgraded to Neutral rating at a Boutique firm[Boenning] (timing uncertain) (16.90, -1.08, -6.01%)

[11:55] {Threei} GOOG CEO Schmidt: The worst of the recession is already over - interview (396.82, +0.53, 0.13%)

[11:55] {Threei} no setup on WFC

[11:57] {magoo} (396.82,

[11:57] {magoo} its 500

[11:58] {Threei} GOOG CEO Schmidt: The worst of the recession is already over; seeing improvement in the US and other regions - interview

[11:58] {Threei} - expecting to purchase one small company per month; as per 'normal procedures'

[11:59] {Threei} lol... interesting plan

[11:59] {Threei} company a month

[12:00] {patience} hold out for a million at least vad in your negotiations with them

[12:00] {Threei} AIG US Treasury's Geithner: Board of AIG has seen a transformation (47.37, +1.57, 3.43%)

[12:01] {Threei} yeah, they need me

[12:01] {Threei} like fish needs umbrella

[12:01] {fernp} HIG breaking .80

[12:01] {nemo} I thought that was a bicycle

[12:01] {Threei} that was mermaid

[12:02] {nemo} Actually Gloria Steinem made the comparison in the hey day of Women's Lib

[12:06] {dino} stec bounce time

[12:07] {nemo} maybe aig short time

[12:07] {Threei} .10 break?

[12:08] {nemo} you asking or telling? that was my thought

[12:08] {dino} pnra stopped -.30

[12:08] {Threei} stop above .30

[12:12] {magoo} u like that AIG short still? i kinda think up

[12:12] {nemo} die aig

[12:12] {dino} xlnx out .91 +.21

[12:13] {dino} .22

[12:13] {Threei} {AIG} you don't like me :(

[12:14] {Threei} 1:1

[12:14] {magoo} good one

[12:14] {nemo} broken clock

[12:15] {nemo} stop to .15?

[12:15] {Threei} .20, IMO

[12:15] {nemo} yeah, that was my next thought

[12:16] {Threei} hey

[12:16] {nemo} pres on tv?

[12:16] {Threei} Gadhafi says, no one interfered in your civil war,

[12:16] {Threei} so let Iraqis and Afghanis kill each other if they want

[12:17] {nemo} well..iraq's got oil, an Afghanistan is part of a Iran encirclement strategy

[12:20] {Threei} now he is into JFK assasination

[12:20] {Threei} MLK now

[12:20] {Threei} I start liking the guy

[12:20] {nemo} aig looking long over 20

[12:20] {Threei} as soon as he adds topic of UFO to his speech, I will be his total fan

[12:21] {fernp} lol

[12:21] {nemo} Reagan gave him one helluva wake up call back in the 80's

[12:22] {larisa} MEE 30.40 bottom, STEC 30.40 bottom. whats right with this number today ? :)

[12:22] {Threei} ugh..he got sidetracked by Grenada

[12:23] {Threei} just when little green men were on agenda

[12:24] {Threei} WFC dropped off .30... couldn't find an entry

[12:25] {nemo} now you have an H&S

[12:25] {Threei} hmmm

[12:26] {Threei} looked in the mirror

[12:26] {Threei} you are right

[12:26] {nemo} oly problem there is support @ .16 and .13

[12:27] {nemo} by the way, look at the pattern on spy and q's

[12:27] {Threei} breakout...

[12:27] {nemo} or double top

[12:27] {Threei} can't make up my mind, break or failure

[12:27] {Threei} double top??

[12:27] {dino} stec hl l .00

[12:27] {nemo} trade what you see, not what you think

06[12:28] * nemo slaps nemo around a bit with a large trout

[12:28] {Threei} this level was tested at least 5 times

[12:28] {nemo} I'm looking at the last 90 minutes

[12:28] {dino} azm

[12:28] {nemo} on 1 minute chart

[12:28] {Threei} yeah, so?

[12:28] {Threei} test is a test is a test

[12:29] {dino} hammer theory vad

[12:29] {Threei} meaning, he sees nail in everythjing? :)

[12:29] {nemo} "dead people"

[12:29] {dino} no, hammmer to ice pounding eventually gets through

[12:30] {nemo} fyvm dino

[12:30] {Threei} :)

[12:31] {Threei} hey, he is on vaccinations now

[12:31] {Threei} and says viruses are made by "capitalist comoanies" so they profit from their vaccines

[12:31] {Threei} lordy... how did I live never hearing him speak??

[12:33] {dino} who are you quoting?

[12:33] {Threei} gadhafi

[12:33] {Threei} oh and in case you didn't know: Arabas protect Israel from West

[12:33] {dino} roflol

[12:33] {Threei} turn on CNN

[12:34] {Threei} this is better than Seiflield

[12:34] {dino} rather not, these azzholes should not get airtime

[12:34] {nemo} lvs flatlined

[12:36] {Threei} he is done

[12:36] {nemo} will probably be on Youtube

[12:36] {Threei} too long to sit and watch.. if someone makes "best of"... then yes

[12:37] {dino} snda

[12:37] {Threei} so far breakout is rejected

[12:37] {nemo} I know the feeling :(

[12:38] {Threei} Preview: Treasury's $40B 5-year note auction results due just after 1PM ET

[12:38] {Threei} - $40B auction size is a $1B increase from Aug and another record

[12:41] {Threei} AIG didn't retreat much with market drop

[12:42] {nemo} no but still trending down

[12:42] {nemo} .32 is 200 period moving average

[12:43] {Threei} I don't see it trending down

[12:43] {Threei} it broke donwtrend

[12:43] {Threei} hasn't estabilshed uoptrend yet

[12:44] {Threei} but if breaks .50 with market help, I'd say up from there'

[12:44] {nemo} I agree...which...upon review...should make you take pause

[12:45] {Threei} that's OK, I am kind of prepared

[12:45] {Threei} yesterday's event pretty much prepared me for anything

[12:45] {Threei} you will find it hard to believe, I certainly do,

[12:45] {nemo} moth brain me...which event?

[12:45] {Threei} but it's truth:

[12:46] {Threei} yesterday, around 7:55 PM,

[12:46] {nemo} oh oh...green men?

[12:46] {Threei} my wife said

[12:46] {Threei} yeah, I agree with you

[12:46] {nemo} whoa

[12:46] {nemo} surprised you made it in this morning

[12:46] {Threei} so... if you think you can suprise me...

[12:47] {Threei} ok

[12:47] {Threei} Long Setup: AIG .50 break if holding .30

[12:48] {Threei} and if I know anything about magoo, he is already in

[12:48] {nemo} me too

[12:49] {magoo} at ,37

[12:49] {nemo} .39

[12:49] {Threei} lol

[12:50] {Threei} (CA) Canadian PM Harper: Canada will continue lowering taxes during recovery (related USD/CAD EUR/CAD CAD/JPY )

[12:50] {Threei} I love our PM

[12:52] {Threei} market neared break level again and downticked off it again

[13:01] {Threei} *TREASURY'S $40B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.40 V 2.51 PRIOR AND 2.23 AVG OVER THE LAST 10 AUCITONS

[13:01] {Threei} - indirect bidders take 44.8% of competitive bids

[13:02] {dino} csco l .00

[13:08] {Threei} I think they'll wind down those auctions before I find out what those figures mean aND HOW THEY IMPACT THE MARKET

[13:08] {Threei} the only consolation is, larisa is much smarter than I am and she doesn't know either

[13:08] {magoo} out aig

[13:08] {magoo} no work

[13:09] {Threei} downside of aggressive entires

[13:09] {Threei} I play them a bit differently though

[13:10] {Threei} I don't widen stop... tigher stop is one of their advantages, and widening it kind of negates it

[13:10] {Threei} .30 was the support

[13:10] {Threei} 120 cents stop would be negligible

[13:10] {Threei} 10

[13:11] {ese} dino are you still long stec.....i went long with you at .05....i'm still hangin in there

[13:13] {larisa} 31.05?

[13:13] {ese} yes

[13:13] {larisa} k

[13:14] {ese} i think dinos onto something here......i think it's gonna make a move to the days high before or at the end of the day

[13:14] {magoo} how many shares ESE?

[13:15] {ese} 6k

[13:15] {ese} so far

[13:15] {ese} if it starts to look strong i'm gonna go some more

[13:16] {dino} zoomd?

[13:16] {dino} yes es

[13:16] {ese} still in?

[13:16] {magoo} thats my bid .88

[13:17] {ese} nice

[13:17] {ese} better position than mine

[13:18] {ese} what the hell my quotes are gone....you all fine

[13:19] {nemo} whoa stec dropping like a stone :)

[13:19] {ese} stec?

[13:19] {Threei} 31 x 31.01

[13:19] {Threei} uoticking

06[13:19] * larisa slaps nemo around a bit with a large trout

[13:19] {nemo} hehehe

[13:19] {ese} tks

[13:19] {ese} nemo.....i'll get ya for that

[13:20] {ese} stec?

[13:21] {nemo} .02

[13:21] {ese} oh no ok fine now

[13:21] {ese} tks

[13:21] {Threei} can't believe we missed YRCW

[13:22] {nemo} hey dino, remember when I asked you about MOS @ 50.50

[13:22] {dino} yes

[13:23] {dino} missed alot of them today

[13:23] {nemo} sorry

[13:23] {magoo} we??

[13:23] {magoo} i took it

[13:23] {dino} but you know what they say....

[13:23] {nemo} what, mos?

[13:23] {ese} we???

[13:23] {magoo} yourcow

[13:23] {ese} just kidding

[13:23] {magoo} out 54 tho

[13:23] {nemo} oh

[13:23] {dino} its a good day to die, and the days not over yet

[13:24] {nemo} ok Bu

[13:24] {magoo} yesterday i died..i wanna live today

[13:24] {nemo} I've got a slow bleed going today

[13:24] {magoo} AIG crushed my anus yesterday

[13:25] {nemo} you ever hear the joke about the crocagator?

[13:27] {ese} mags you stec position is looking real good

[13:27] {ese} +.20 so far

[13:27] {magoo} trades by apptmt tho

[13:28] {magoo} ill have to sit here all day...WAIT...i do that

[13:28] {ese} lol

[13:31] {nemo} believe this? aig in a .40 range for the last hour

[13:32] {ese} totallly believable with this market

[13:32] {nemo} kinda' tongue in cheek

[13:32] {ese} ohhhhh ahhhhhhh

[13:37] {dino} sheehs, ntes, snda, pwrd

[13:38] {nemo} chinese stocks

[13:40] {Threei} AIG does it

[13:41] {magoo} grabbed 48

[13:42] {magoo} .48 that is

[13:42] {Threei} get out

[13:42] {Threei} 50 cents in couple min

[13:43] {magoo} out .97 on 4k

[13:43] {Threei} wtg

[13:43] {magoo} ty

[13:43] {magoo} your spot

[13:44] {nemo} going to .50?

[13:46] {Threei} Preview: FOMC rate decision and statement due out around 2:15pmET

[13:46] {Threei} **rates are expected to remain on hold again at 0.25% though some speculation has started brewing this week that the committee might start to drop hints about when rates will start to rise again in order to head off inflation concerns. One ING economist today called speculation about the FOMC raising rates "madness," noting markets will react as soon as the Fed starts hinting about the timing.

[13:46] {Threei} There is also more credible speculation that the Fed could decide to alter the $1.25T MBS program today, either stretching it out as it did with the Treasury purchasing program (a de facto form of easing), or altogether reducing the MBS program as was discussed according to the minutes of the August FOMC meeting.

[13:46] {Threei} The general consensus is that the FOMC will stay conservative and hold off on any significant changes today, perhaps further noting signs of recovery while maintaining its pledge to hold rates at "exceptionally low" levels for "an extended period." This path would build on recent comments from the Fed's Bernanke who noted that the recession is "technically" over but that the economy will "feel very weak for some time."

[13:47] {Threei} Note there was also a report circulating this week that the Fed was talking with bond dealers about using reverse repos to drain some of the cash the Fed has pumped into the economy.

[13:48] {Threei} told you that was first aign of exit strategy being pondered

[13:49] {Threei} if they really possess tools to withdraw injected money, whole generally accepted idea of inflation ahead may turn out false

[13:56] {ese} have to sign out...see you all tomorow...onwards and upwards with stec.....good luck with it mags and dino

[13:56] {dino} ty es cya

[13:57] {ese} cya

[13:57] {dino} ok, rally into mtg, then up to +95; then drop to lod, then close up 90

[14:02] {Threei} AIG

[14:04] {dino} tbt tlt

[14:05] {dino} ebix jump

[14:11] {patience} nope, too many open positions

[14:11] {dino} seems i am wrong

[14:12] {nemo} you play that Vad? aig

[14:13] {dino} mnkd

[14:13] {Threei} not inti annoucnement

[14:14] {nemo} tlt dropping like a stone

[14:14] {nemo} alright...like a rubber ball...kinda'

[14:16] {Threei} FOMC HOLDS RATES AT 0.25%

[14:17] {Threei} extends MBS and Agency purchase programs to March 31; maintains size

[14:17] {Threei} Markets have improved further

[14:17] {Threei} - Unanimous vote at 10-0

[14:20] {dino} out csco +.16

[14:21] {dino} out stec +.37

[14:22] {larisa} gj

[14:22] {fernp} out CSCO too TY dino

[14:22] {dino} out agco +.10

[14:23] {dino} :)

[14:47] {dino} .

[14:52] {Threei} .short aig .45

[14:52] {Threei} Short Setup: AIG .45

[14:52] {Threei} stop above .60

[14:53] {nemo} blew by

[14:54] {dino} those china stocks are unstoppable

[14:55] {Threei} 1:1

[14:55] {Threei} 1:2

[14:56] {Threei} 1:3

[14:56] {Threei} out

06[14:56] * Threei slaps nemo around a bit with a large roll of cash

[14:56] {nemo} congrats

[14:57] {Threei} wow... 1:4

[14:57] {Threei} what kept you from doing the same?

[14:57] {Threei} 15 cents stop

[14:57] {Threei} how often AIG gives such chance

[14:57] {nemo} every day

[14:57] {Threei} heh

[14:57] {Threei} good luck finding it

[14:58] {nemo} not me...mags

[14:58] {Threei} with 15 cents stops??

[14:58] {nemo} true

[14:58] {Threei} whatcha talking about willis

[14:58] {nemo} that's funny coming out of you

[15:01] {Threei} XOMA To Develop Therapeutic Antibody For H1N1 And H5N1 Influenza Viruses Under $2.2 M U.S. Government Program Managed By SRI Intl (31.70, +0.64, 2.06%)

[15:01] {dino} bwld

[15:01] {dino} whr

[15:02] {dino} mnkd

[15:04] {Threei} wow XOMA

[15:14] {nemo} Vad...getting that .15 range again....

[15:15] {Threei} yeah but not sure about direction

[15:15] {nemo} yeah

[15:15] {nemo} too many times to the cookie jar

[15:16] {dino} ok, wev had our +85 (wanted +95), now to test lod, then bounce

[15:17] {nemo} $ strengthening

[15:19] {fernp} good evening everybody. see u all tomorrow

[15:19] {Threei} take care fern

[15:20] {dino} bwld hl l .09

[15:22] {Threei} V CEO: I have no data that suggests anything is getting any better (74.70, +0.29, 0.39%)

[15:22] {Threei} what??

[15:22] {Threei} he sees no green shoots??

[15:22] {Threei} everyone else does

[15:22] {nemo} kwik...give him the kool aid

[15:22] {Threei} oh, they just did:

[15:23] {Threei} although data also shows things are not getting worse - CNBC

[15:23] {nemo} call him a Stepford CEO

[15:23] {Threei} - Economy is getting better, we're off the bottom.

[15:23] {Threei} see?

[15:23] {nemo} so....we're in remission?

[15:25] {dino} whr hl l .45

[15:26] {Threei} Long Setup: AIG .80

[15:26] {Threei} if stays above .60

[15:27] {Threei} Financial Accounting Standards Board (FASB) approves new accounting rules for revenue recognition at tech firms; vote 5-1 (as expected) (related AAPL PALM HPQ XRX DELL IBM )

[15:30] {Threei} Market Internals update at 3:30pmET

[15:30] {Threei} - NYSE volume 900M shares, about 5% above its three-month average; decliners lead advancers by 1.5:1.

[15:30] {Threei} - NASDAQ volume 2.18B shares, about 20% above its three-month average; decliners and advancers are about even.

[15:30] {Threei} - VIX index -1.5% to just below 23.00

[15:31] {dino} ok bounce time

[15:31] {Threei} yeah, it's time

[15:31] {Threei} Long Setup: AIG .60 break

[15:31] {Threei} if stays above .40

[15:34] {Threei} no go

[15:34] {dino} lod

[15:34] {magoo} im thinking yesterdays low vad

[15:34] {Threei} 45.50s?

[15:35] {magoo} yea

[15:35] {larisa} if gets to 45s, will test 45 , imo. better not get there

[15:35] {Threei} grrr

[15:35] {Threei} shake

[15:36] {Threei} dunno mags... feels like bounce to me

[15:36] {nemo} 11 out of last 12 times FOMC meetings have been positive...odds were against this one

[15:38] {magoo} worste scenario

[15:38] {magoo} bopth right

[15:39] {Threei} lol

[15:41] {Threei} who went for second try, get out here

[15:41] {nemo} mags, you out yet

[15:46] {magoo} i just shorted it

[15:46] {nemo} looks right

[15:46] {magoo} cant believe it didnt lose 46\

[15:46] {Threei} yup, good move

[15:47] {magoo} short palm too..any rread vad

[15:47] {nemo} look at the $ getting stronger

[15:47] {Threei} PALM, direction is right but don't count on much IMO

[15:50] {Threei} cover magas

[15:51] {nemo} wow...what a sell off

[15:51] {nemo} guess we'll have to start playing the short etfs :)

[15:55] {Threei} I really hope pullback starts

[15:58] {Threei} CBAK... wth

[15:58] {Threei} no news

[16:00] {Threei} PALM Discloses Elevation Partners and McNamee buy $37M of its 20M share stock offering - filing

[16:00] {Threei} huh?

[16:00] {Threei} buy $37M of its 20M share stock offering?

[16:00] {larisa} bye all

[16:00] {Threei} larisa

[16:00] {Threei} wairt

[16:01] {Threei} buy my $100 for $150, will ya?

[16:01] {Threei} Elevation Partners and McNamee did just that for PALM

[16:01] {larisa} if you buy mine 500 for 1000

[16:01] {lasertrev} good night all

[16:01] {Threei} sigh... see... told ya, she is smart

[16:01] {Threei} thank you all

[16:01] {Threei} have a good evening

[16:02] {Threei} see you tomorrow

[16:02] {Threei} VVUS Announces Closing of Public Offering and Exercise of Over-Allotment Option

[16:02] {dino} hmmm almost a 200 point drop from highs

[16:09] {dino} gn all

Sep 22 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Nice and strong day, with variaty of calls that for the most part worked nicely. AIG long for 70 cents, CYTK pullback entry for a nice bounce, classic PALM pullback entry right out of textbook, couple 10 cents stops on UAUA and HIG, and a lot of excitement on the end of day AIG rapid movements.

Session Time: Tue Sep 22 00:00:00 2009

[08:00] {magoo} mornink comrades

[08:01] {nemo} mags :)

[08:01] {nemo} looks like the rally's back on

[08:03] {magoo} F,,didnt want AIG to gap

[08:03] {nemo} goes to 60 today...

[08:07] {magoo} dunno..could

[08:10] {KSystems} morning :)

[08:10] {magoo} K :)

[08:11] {nemo} Gruess dich

[08:15] {nemo} $ getting killed

[08:20] {magoo} i was watching vads CYTK..missed its move here

[08:21] {nemo} yeah...I was just going through the watch list, only palm down slightly

[08:29] {Threei} Good morning

[08:30] {magoo} vad:)

[08:37] {magoo} AIG high was 50.23

[08:37] {magoo} gapped way thru

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:44] {fernp} I have an appointment, i'll be back in a couple of hours

[08:44] {fernp} don't get rich without me :)

[08:44] {Threei} ugh... we planned on exactly that :(

[08:50] {magoo} just picked off a point AIG..53.20 to 54.20

[08:51] {larisa} gm :)

[08:51] {Threei} larisa :)

[08:51] {Threei} I hear shorts gave it a nickname... AIG the Widowmaker

[08:52] {magoo} for real vad?

[08:53] {Threei} no... but they should

[08:54] {magoo} AIG equal opportunity killer imo...wives of bulls and bears crying everywhere

[08:54] {magoo} in again long

[08:55] {magoo} CARTEFUL

[08:56] {magoo} sigh..not a cart-ful...careful

[08:57] {Threei} CYTK is back into 5

[09:02] {lasertrev} gm

[09:02] {Threei} trev :)

[09:02] {Threei} 09:00 AM [COIN] Reports Increase in Re-Orders of Organic Fertilizer Products

[09:15] {dino} gm all

[09:16] {Threei} dino :)

[09:16] {dino} ccl

[09:17] {Threei} PALM CNBC reporter notes chatter that PALM's strength yesterday being attributed to takeover rumors

[09:17] {Threei} - rumor out of Europe that Nokia could be interested in acquiring PALM (15.95, 0.00, 0.00%) (related NOK )

[09:17] {Threei} CCL Reports Q3 $1.33 v $1.17e, R$ 4.1Bv $4.06Be

[09:17] {Threei} - Guides Q4 EPS $0.16 -0.20 v 0.22e

[09:17] {Threei} - Guides FY09 EPS $2.16-2.20 v $2.05e

[09:17] {cosmo} nktr

[09:17] {cosmo} getting busy

[09:18] {cosmo} 10.12 hi so far

[09:21] {cosmo} bdsm

[09:21] {cosmo} bsdm ...sorry

[09:22] {cosmo} 4.5 pre mkt high

[09:22] {Threei} 8:00:25 AM

[09:22] {Threei} BSD Medical Corporation Reports News Briefing: Hyperthermia and Chemotherapy Treatment Prolongs Survival of Sarcoma Cancer Patients

[09:22] {Threei} - A Phase III study, which utilized the BSD-2000 Hyperthermia System, demonstrated that patients with high risk soft-tissue sarcomas were 30% more likely to be alive and cancer free almost three years after starting treatment if targeted heat therapy (hyperthermia) was added to their chemotherapy treatment.

[09:24] {Threei} careful, a week ago company said this:

[09:24] {Threei} Friday, September 18, 2009 10:15:16 AM

[09:24] {Threei} BSD Medical Corporation FDA Review of BSD-2000 Hyperthermia System Continues; unable to predict when process will be completed

[09:24] {Threei} - On May 15, 2009, the FDA granted Humanitarian Use Device (HUD) designation for the Companys BSD-2000 Hyperthermia System for use in conjunction with radiation therapy for the treatment of cervical carcinoma patients who are ineligible for chemotherapy. The HUD for the BSD-2000 confirmed that the intended use population is fewer than 4,000 patients per year. Following receipt of the HUD designation, the Company filed a Humanitarian Device Exemption (HDE) marketing submission with the FDA, and the FDA review process of this submission is ongoing.

[09:26] {dptl} good morning all

[09:26] {Threei} dp :)

[09:31] {Threei} HIG on watch

[09:32] {Threei} Long Setup: CYTK 5.05 break if holding above 4.95 for scalpers, 4.90 for day traders

[09:34] {ese} morning......had to check in with my broker.......account was slightly off

[09:35] {Threei} morning ese

[09:35] {nemo} due

[09:35] {nemo} dude

[09:35] {ese} i' am due!

[09:37] {ese} l arna .54

[09:38] {ese} out arna .61 +.07

[09:38] {Threei} Long Setup: UAUA .55

[09:38] {Threei} if stays above .40

[09:38] {Threei} not a scalp for me

[09:39] {magoo} ok in

[09:39] {Threei} if works, target is closer to 10 at least

[09:40] {Threei} obver 1:1

[09:42] {ese} nice uaua trade

[09:42] {ese} missed the call

[09:42] {nemo} $ keeps getting killed...gonna' be a big up day

[09:43] {Threei} frikin HIG

[09:43] {Threei} biunced with no setup and never retreated to form one

[09:45] {Threei} Preview: July US House Price Index due out at 10amET

[09:45] {Threei} **consensus expectation (MoM): 0.5%e v 0.5% prior (estimates range between -0.4% to +0.6%)

[09:47] {Threei} (US) Pres Obama: Climate change remains urgent issue -UN Speach (related CARBX )

[09:48] {Threei} will work with G20 to phase out fossil fuel subsidies

[09:48] {Threei} VVUS Hearing takeover chatter circulating (11.74, +0.26, 2.26%)

[09:48] {Threei} yeah, it's VVUS's turn

[09:49] {Threei} UAUA, watching for another setup

[09:51] {Threei} a bit jumpy here, hard to pinpoint exact entry

[09:53] {Threei} formally .60 with stop under .50

[09:53] {Threei} but with this volatility I'd prefer stop to be under .40

[09:53] {Threei} so trying to find aggressive entry

[09:53] {ese} vad....palm on pullback.....got an opinion for me

[09:54] {Threei} 16.40 is nearest support...

[09:54] {Threei} what the chances of it puling that far back are, no idea

[09:54] {ese} tks.....nice run up

[09:55] {ese} it started moving just as i was starting to look at it....no place to get in

[09:58] {Threei} housing data is coming

[09:59] {Threei} SEPT RICHMOND FED MANUFACTURING INDEX: 14 V 16E

[09:59] {nemo} oops

[10:00] {Threei} *JULY HOUSE PRICE INDEX M/M: 0.3% V 0.5%E

[10:00] {nemo} oops

[10:01] {Threei} PALM better

[10:01] {Threei} STSI Breaks New Ground, Plans FDA Filing for Approval of First ''Modified Risk'' Tobacco Product; Nominates Curtis Wright, MD, MPH for FDA Advisory Committee (1.07, +0.09, 9.18%)

[10:01] {nemo} wth is that

[10:02] {Threei} - company will utilize a novel, patented method for cultivation, curing and preparation of tobacco to formulate dissolvable smokeless tobacco products.

[10:02] {Threei} - This new curing process was the subject of a patent application filed in December, 2008. Its use has resulted in tobacco leaf with significantly lower levels of tobacco-specific nitrosamines (TSNAs) than previously achieved using the StarCured(R) curing process: the International Agency for Research on Cancer previously has reported on the low levels of nitrosamines in Star''s products. T

[10:02] {Threei} - he company believes that this novel process, as reflected in its patent application, will enable the company to achieve the lowest toxin levels anywhere in the world. Star plans to submit the products to the FDA for approval to market as "modified risk" tobacco products, under Section 911 of the new Family Smoking Prevention and Tobacco Control Act, once formulation and testing of the new product is completed in early 2010.

[10:03] {nemo} Sounds like the epa should be regulating it :)

[10:04] {cosmo} fema maybe

[10:04] {cosmo} ...nah

[10:04] {magoo} we in anything here?

[10:04] {nemo} fema only comes into play during disasters.....mmmmmhhhh....I guess they should be running congress and the fed

[10:04] {ese} palm does lok better vad

[10:04] {ese} look

[10:04] {Threei} PALM is at support

[10:05] {Threei} .50 long

[10:05] {magoo} in

[10:05] {nemo} in

[10:06] {ese} in ,

[10:06] {magoo} anyone in?

[10:06] {Threei} 1:1

[10:07] {ese} out

[10:07] {Threei} IMF: Central banks must take actions against asset bubbles; Global growth potential may not return to those levels seen pre-crisis

[10:07] {Threei} - Central banks may need to take on additional mandate requiring playing a role in financial stability

[10:07] {ese} .54 .62 +.08

[10:07] {nemo} out .70

[10:07] {Threei} STSI...

[10:07] {nemo} ty

[10:07] {Threei} momo candidate

[10:08] {ese} nice nemo

[10:08] {ese} mags is still in

[10:09] {magoo} out .84 TY vad

[10:09] {Threei} welcome

[10:09] {ese} nice mags

[10:09] {Threei} Long Setup: CYTK .70 break if stays above .60

[10:09] {ese} how many shs mags

[10:12] {magoo} in

[10:12] {magoo} 4k

[10:12] {magoo} palm u mean

[10:12] {ese} nice......man after my own heart

[10:12] {ese} yes

[10:14] {magoo} im looking for AIG to retake 53 RISKY

[10:18] {ese} L mpel .57

[10:18] {Threei} don't laugh but

[10:18] {Threei} DNDN Hearing renewed akeover chatter circulating (30.16, +0.70, 2.38%) (related AZN )

[10:18] {Threei} bunker's at work

[10:19] {dino} lol

[10:19] {dino} magoo starts those rumors

[10:19] {Threei} he would do well alerting us about next one

[10:20] {dino} yes positive rumors ok, but negative and govt wants you

[10:24] {Threei} lol, we sold PALM too soon?

[10:25] {Threei} nailed entry perfectly

[10:25] {nemo} frickin' cramer

[10:25] {Threei} pullback was right out of textbook

[10:25] {nemo} TTR strikes again

[10:28] {Threei} market feels to me like resuming upward soon

[10:28] {magoo} palm reload?

[10:28] {Threei} not here

[10:28] {ese} out mpel .55 -.02 uneasy feeling

[10:29] {Threei} let's sit out shakeouts

[10:29] {Threei} and when uptrend proves itself, look for entries

[10:30] {Threei} Market Internals update at 10:30amET

[10:30] {Threei} - NYSE volume 265M shares, about even to its three-month average; advancers lead decliners by 2.2:1.

[10:30] {Threei} - NASDAQ volume 610M shares, about 10% above its three-month average; advancers lead decliners by 1.3:1.

[10:30] {Threei} - VIX index -2% to just over 23.50

[10:34] {Threei} grrr

[10:35] {Threei} was eyeing .70 break on PALM and hesitated

[10:36] {dino} sm s cde .50

[10:38] {nemo} o.k....who killed the market?

[10:38] {Threei} HIG

[10:38] {Threei} watching for bounce

[10:39] {Threei} Long Setup: HIG .45 break

[10:40] {Threei} if stays above .35

[10:40] {ese} ok...that was good.....made $2.00 practising my shorting...gild short at.20 cover at .10 100shs comm 4 in and out....this is good

[10:40] {nemo} thought you made 2.00/shr

[10:40] {ese} nope total

[10:41] {nemo} nice trade

[10:41] {ese} covered it at the exact botom too......eh eh eh eh!!!

[10:42] {larisa} I know a trader who was buying 1 share a trade for a year practising his system :)

[10:42] {nemo} what was her name?

[10:42] {ese} and?

[10:43] {larisa} I mean, keep it small while learning

[10:43] {ese} can he or she do it comforatbly

[10:44] {larisa} full time trader now, but I know for a fact he did trade 1 share for long time :)

[10:44] {ese} would work for me.......

[10:45] {dino} stec hl l .50

[10:45] {dino} cde stopped -.26

[10:48] {magoo} .40bounce play PALM vad?

[10:49] {Threei} .40?

[10:49] {magoo} yea?

[10:49] {Threei} it's at .64

[10:49] {magoo} heading thee

[10:49] {magoo} there

[10:50] {ese} l stec .39

[10:50] {ese} i like the look of stec dino

[10:53] {Threei} hmmm

[10:53] {Threei} IN) Indian Trade Min: Sugar levels seen as adequate for Holiday season

[10:53] {Threei} that's what I call real health care by the government

[10:53] {ese} l stec again avg .42

[10:53] {Threei} (US) Sen Bachus: In revisions to Health-Care plan, seeking to lower penalization on Insurers excise taxes

[10:54] {nemo} and on family penalties for not having insurance, however, will maintain the same penalty for single people who are not insured

[10:56] {ese} dino you got a target for stec?

[10:58] {Threei} HIG no go

[11:00] {dino} stiuck right now, kick it es

[11:00] {ese} will....you got a target

[11:00] {ese} 15 min chart is awsome

[11:00] {dino} feels like .00

[11:01] {nemo} rimm vad...break .95/stop uner .85?

[11:01] {ese} me thinks that as well maybe more

[11:01] {Threei} looks right to me nemo

[11:02] {nemo} goo thing I'm sitting down

[11:02] {patience} i'm holding silver wheaton, goldcorp for day trades...just playing it against currency fluctuations..happy day so far

[11:02] {Threei} Long Setup: AIG 51 break

[11:03] {Threei} stop under .80

[11:03] {magoo} in

[11:03] {Threei} target is somewhere in stratosphere

[11:03] {dino} simon says "stand up" nemo

[11:04] {Threei} RIMM 1:1

[11:04] {nemo} 1/2 out

[11:04] {magoo} lets hope aig no rinse us...if does..lets try again vad

[11:05] {nemo} 1/4 more

[11:05] {fernp} hi, I'm back

[11:05] {fernp} in AIG

06[11:05] * magoo slaps fernp around a bit with a large trout

[11:06] {Threei} missed couple fern...

[11:06] {nemo} stop uner 84

[11:06] {fernp} what have i done?

[11:06] {nemo} "deservin' ain't got nothin' to do with it."

[11:06] {Threei} hehe

[11:07] {Threei} good old western

[11:07] {Threei} AIG 1:1

[11:07] {Threei} half out .25

[11:08] {Threei} offering: 1/4 at .45 and 1/4 at .70

[11:08] {nemo} last 1/4 rimm

[11:08] {Threei} stop under b/e of course

[11:08] {Threei} wtg nemo

[11:08] {Threei} played to perfection

[11:08] {Threei} no stress

[11:08] {Threei} low risk

[11:08] {nemo} broken clock

[11:08] {Threei} good partials

[11:09] {Threei} no...

[11:09] {Threei} you are getting it

[11:09] {fernp} ty Vad out. AIG .21 (and my fill was .88) :)

[11:09] {Threei} 1/4 more out AIG

[11:09] {dino} out arj +.25

[11:10] {Threei} trust me, I saw it what, zillion times now?

[11:10] {Threei} stress, nerves,

[11:10] {Threei} misunderstandings, mistakes,

[11:10] {Threei} some trades are gotten right

[11:10] {Threei} then those "right ones" become more common

[11:11] {Threei} stress level goes down,

[11:11] {Threei} confidence slowly shapes up

[11:11] {Threei} things click

[11:11] {Threei} when one nails such trades as RIMM in this manner

[11:11] {Threei} seeing setup, recognixzing it,

[11:11] {Threei} taking it wirth no hesitation,

[11:12] {Threei} managing trade as it goes

[11:12] {Threei} this is clean sign of "getting it"

[11:12] {dino} gj nemo

[11:12] {Threei} things become internalized

[11:12] {Threei} doesn't mean you are fully there yet, mind you,

[11:12] {Threei} but ask any successful trader,

[11:13] {Threei} and he will tell you that's exactly the process he went through

[11:13] {Threei} or she

[11:13] {Threei} sorry ladies

[11:14] {dino} syna hl l .75, stop .47

[11:14] {Threei} here is one simple thing to do

[11:14] {Threei} look at this trade you just didn,

[11:14] {Threei} and try to envision yourself as you were 1 year ago, 6 months ago, 3 months ago

[11:14] {nemo} yeah, scary

[11:15] {Threei} would you be able to find and execute it like this at any of those times?

[11:15] {nemo} no way

[11:15] {Threei} this is a good thing to do,

[11:15] {Threei} it shows you your progress

[11:15] {nemo} I didn't know what I didn't know

[11:15] {Threei} yeah... unknownunknowables

[11:16] {Threei} when you think of it like this

[11:16] {Threei} and get a chance to see the progress

[11:16] {Threei} it instills faith

[11:16] {Threei} and confidence

[11:16] {ese} one would think that stec should do something now.......rather don't you think....hip hiph what oh and aooll that dino

[11:16] {Threei} and you AIG, it's really time to go

[11:16] {Threei} to that thiord target

[11:17] {magoo} 52.37?

[11:17] {dino} lol

[11:17] {magoo} id like 53.23

[11:17] {dino} tear down .65

[11:17] {Threei} direct hit

[11:17] {Threei} my a$$ is out

[11:18] {Threei} there mags... I fulfill my promise

[11:18] {nemo} from yesterday?

[11:18] {Threei} when I see safe AIG trade I call it

[11:18] {magoo} im looking for more, alot more $$$$$$

[11:18] {Threei} that's your part

[11:18] {Threei} mine was to find a good entry and reasonable exits

[11:19] {magoo} yes sir...TY

[11:19] {Threei} you want more, you assume more risk

[11:19] {Threei} CYTK baby

[11:19] {Threei} 1:1

[11:19] {magoo} finally oyt CYTK..ty

[11:19] {dino} giddy-up

[11:19] {Threei} yup

[11:20] {Threei} uptrend resumption about which Bolsheviks talked for so long is here

[11:20] {dino} stec to .74

[11:20] {Threei} nevermind... paraphrasing famous quote from Lenin :)

[11:20] {Threei} Russians know

[11:20] {ese} my stentiments exactly dino

[11:21] {dino} :)

[11:21] {ese} like i said the 15 min chart was a thing of beauty

[11:22] {dino} to .79

[11:23] {dino} out .79, +.29

[11:23] {magoo} read HIG vad?

[11:24] {ese} out

[11:24] {ese} .75

[11:24] {Threei} it shook us out earlier

[11:25] {ese} +.33

[11:26] {Threei} what hig did now it ashould have dine on our .45 entry

[11:26] {Threei} there was absolutely no need to get rid of us

[11:26] {magoo} it was .53 when i asked

[11:27] {Threei} it's there again

[11:27] {magoo} i like palm

[11:27] {nemo} mary?

[11:27] {ese} high 5 dino

[11:28] {ese} tks

[11:29] {dino} glad to help

[11:29] {dino} going higher

[11:29] {nemo} rimm forming a range again

[11:30] {ese} yup

[11:32] {magoo} [11:17] {magoo} 52.37?

[11:33] {Threei} [11:17] {Threei} of course

[11:33] {magoo} [11:18] {magoo} im looking for more, alot more $$$$$$

[11:34] {dino} wall at .10 stec

[11:34] {Threei} [11:18] {Threei} and you well should. Ask, and delivered shall it be

[11:34] {nemo} Thanks Yul

[11:34] {nemo} Hey, the linguist is back at Laser

[11:39] {Threei} CIT Hearing vague chatter of possible Govt funding for the company (1.73, +0.26, 17.69%)

[11:39] {Threei} crap... we really need our man in the bunker

[11:46] {magoo} im here

[11:52] {nemo} cat topping or ready to break?

[11:53] {Threei} anyone's guess

[11:57] {dino} rti

[12:00] {nemo} uaua hit the skids

[12:00] {Threei} CAT

[12:00] {Threei} starts looking like break

[12:00] {nemo} yeah

[12:04] {Threei} Market Internals update at 12:00pmET

[12:04] {Threei} - NYSE volume 470M shares, about even to its three-month average; advancers lead decliners by 2.1:1.

[12:04] {Threei} - NASDAQ volume 1.12B shares, about 12% above its three-month average; advancers lead decliners by 1.4:1.

[12:04] {Threei} - VIX index -3.3% to just under 23.50

[12:06] {nemo} scalpers regret

[12:08] {Threei} Joe Wilson fundrasing efforts gain him over 2 mil

[12:08] {Threei} hmm... I need to find high-ranked politician and call him a liar

[12:09] {dino} aipc

[12:09] {Threei} it's obviously quite profitable endeavor

[12:10] {Threei} nice steady move CAT

[12:10] {magoo} palm too

[12:12] {Threei} WFC

[12:13] {Threei} looks breaky, but let's try to catch slight pullback

[12:13] {Threei} support is .10

[12:13] {Threei} pullback as close to it as possible, first stgrength is a buy

[12:17] {dino} mrm sm s .85

[12:19] {magoo} palm launch

[12:20] {Threei} IMMU Hearing takeover chatter circulating

[12:20] {Threei} - GSK rumored as potential acquirer. (6.40, +0.14, 2.24%)

[12:20] {Threei} I think NVAX is next

[12:21] {Threei} AXL S&P revises outlook to Developing from Negative

[12:21] {Threei} - S&P has CCC+ rating on AXL. (7.73, +0.32, 4.32%)

[12:24] {dino} aipc strange

[12:27] {Threei} anyone got WFC, look to exit into spike above .30 if scalping

[12:27] {Threei} if want a bigger trade, levels to offer are .35 - .40, then above .50, then don't know

[12:29] {dino} lh

[12:34] {magoo} vad..look at laser message again

[12:34] {Threei} yes?

[12:34] {magoo} the drunken scramble

[12:35] {dino} lh

[12:35] {Threei} well... Trev is at work, so Dave has time to drink

[12:35] {dino} $4 straight up

[12:38] {Threei} WFC works like charm

[12:39] {lasertrev} yah, girly drinks with umbrellas

[12:40] {Threei} lol

[12:40] {nemo} Cosmopolitans

[12:40] {Threei} trev... tell me umbrellas are pink, and image will be complete

[12:40] {dptl} lol

[12:41] {lasertrev} pink fading to white

[12:41] {magoo} ooh..ooh..and the drinks are frozen?

[12:41] {Threei} mental note to my self: self, whatever you do, never ever meet dave with no wintnesses around

[12:41] {lasertrev} lol

[12:42] {nemo} mmmmhhhhh...hgsi coughing up a furball

[12:42] {Threei} lookie WFC

[12:43] {Threei} (US) Senator Dodd (D): Would like to see results on financial reforms from Senate Banking Committee before the end of 2009, but process could last longer (related XLF )

[12:43] {nemo} senator from CT, near NY....jerking this around...no surprise

[12:43] {Threei} how priorities change eh

[12:44] {Threei} just a few months ago financial reform was all they talked about,

[12:44] {nemo} he needs to get reelected next year

[12:44] {Threei} and sense of urency was beyond belief,

[12:44] {Threei} and I'd say, rightly so.

[12:44] {Threei} Now it's barely registering on a radar

[12:44] {Threei} health care, climate change

[12:44] {Threei} whatnot

[12:44] {nemo} oy weh

[12:46] {Threei} if you are decidely moving into jewish way to express amuzement and unhapiness with the world created faster than tailor creates trousers, it's Oy yey

[12:46] {Threei} wey

[12:46] {nemo} I spell it the German way

[12:46] {dino} they should be worrying about jobs. w/o a job how can you make people buy health ins.?

[12:47] {nemo} besides Yiddish spells in Hebrew and I have no idea how to do that

[12:47] {nemo} weh=pain in German, nicht wahr Herrn K?

[12:47] {Threei} they tried to worry about jobs dino... but then they found out the only thing they could do about those is worry

[12:48] {nemo} nah...they're worried about there jobs...imagine if they had to get public health insurance

[12:49] {dino} all these new taxes he's proposing, w/unemployment about 15% (they don't count the people that benefits expired on)

[12:49] {nemo} Rimm dallying around yesterday's close with a little air under it...worth watching for a bounce or short?

[12:49] {Threei} at the risk of becoming overabundant,... guess who is on TV

[12:49] {nemo} ahhhhh....Barney

[12:50] {nemo} errrrrr....Hillary

[12:50] {nemo} ummmmmm....BIll O'Reilly

[12:50] {Threei} anyone objects if I kick nemo out?

[12:50] {dino} he should just get a cable show

[12:50] {dino} aipc hl l .03 stop .74

[12:50] {Threei} nemo... democracy may save you now {G}

[12:50] {nemo} me?

[12:51] {nemo} nah...tyranny of the majority

[12:51] {nemo} I'm toast

[12:51] {Threei} looks like... no one even tries

[12:51] {dino} lol

[12:51] {nemo} been there before

06[12:52] * Threei slowly puts the boot on the right foot

[12:52] {larisa} he stays..

[12:52] {Threei} 12:28 Preview: Treasury's $43B 2-year note auction results due just after 1PM ET

[12:52] {Threei} - $1B increase from the August auction to another record

[12:52] {Threei} - prior bid to cover ratio 2.68

[12:52] {nemo} Had a run in with 6 individuals about 15 years ago...bunch of other people stood around. After it's over one of the bystanders said, I would have helped you but I have to work tomorrow...

[12:53] {Threei} larisa... you of all people is the kindest one on this board?

[12:53] {larisa} nemo always says hi to me first, he stays :)

[12:53] {nemo} aig drop

[12:53] {larisa} one day he will even learn my name :)

[12:53] {Threei} oh well

[12:53] {nemo} ty lari

[12:53] {nemo} larisa

[12:53] {nemo} :)

[12:53] {larisa} lol

[12:53] {Threei} fun is canceled for today

[12:54] {Threei} that reminds me, nemo... 'I wish I could help but I don't want to"

[12:54] {nemo} hehehe...wouldn't expect it

[12:56] {nemo} volume still nominal except in DOW...low

[13:01] {Threei} TREASURY'S $43B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.23 V 2.68 PRIOR AND 2.65 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 45.2% of competitive bids

[13:02] {Threei} - notes draw 1.034% with 27.2% alotted at th

[13:04] {Threei} 59% Say Americans Angrier Now Than Under Bush

[13:06] {dino} lot of people suffering

[13:07] {dino} he's not concentrating on the problem

[13:07] {nemo} amed dino

[13:08] {dino} ugh

[13:08] {nemo} that bad, huh?

[13:08] {nemo} came off that nice wedge this morning

[13:08] {Threei} GM Reportedly adding a third shift at three assembly plants located in the US; recalling of 2,400 employees (related F.IT F TM HMC )

[13:09] {dino} missed it

[13:09] {Threei} Japan Airlines Corp. Airline considering trimming routes; with a 60% reduction in international flights - Nikkei news

[13:09] {Threei} yikes

[13:10] {dino} mrm to b/e

[13:11] {dino} aipc to .39

[13:12] {dino} out aipc slipped, ave .36, +.33

[13:13] {nemo} kewl

[13:13] {larisa} whats with the market

[13:13] {Threei} LPHI Hearing Citron Research making cautious comments (timing uncertain) (15.69, -0.63, -3.86%)

[13:13] {nemo} yeah big drop quick

[13:14] {Threei} don't see any news for this drop

[13:15] {dino} 19-16 3 days

[13:27] {dino} stec pullback

[13:28] {dino} amn drop thin

[13:28] {nemo} everything has pulled back

[13:28] {dino} clw lod thin

[13:28] {nemo} actually, MS is strong

[13:29] {nemo} MS breaking out

[13:30] {nemo} well...maybe

[13:31] {Threei} have a look at daily ABK

[13:32] {nemo} geez

[13:32] {nemo} triple top

[13:33] {Threei} or...?

[13:33] {nemo} breakout? what?

[13:33] {dino} qsii

[13:33] {nemo} blow off top

[13:33] {Threei} C&H?

[13:33] {nemo} o.k. silly me

[13:34] {nemo} that's a fast move to the top of the handle though

[13:34] {Threei} from the first half of May

[13:34] {Threei} a bit, yeah

[13:34] {Threei} volume is right

[13:34] {Threei} I just wish it came into 2 in a more normal fashion

[13:35] {nemo} financial stocks aren't normal

[13:35] {Threei} INTC CEO: Going after smartphone market - CNBC (19.63, +0.09, 0.46%) (related AAPL GOOG )

[13:35] {Threei} wow

[13:35] {nemo} have too...growth market unlike pc's

[13:36] {nemo} aig Vad

[13:37] {nemo} might get C&H here

[13:37] {nemo} or reverse H&S if you prefer

[13:44] {nemo} break of .80 aig?

[13:44] {nemo} guess that's a yes

[13:44] {Threei} nah

[13:45] {Threei} not here nor there

[13:45] {dino} cov mrm .68, +.17

[13:45] {Threei} no setup

[13:45] {dino} opps.74

[13:45] {nemo} not the right side of a reverse H&S you can play to 51.20?

[13:45] {dino} slippage

[13:46] {Threei} pure market following, IMO

[13:46] {nemo} o.k.

[13:48] {nemo} dndn, break of .34?

[13:48] {nemo} or is that pmf

[13:48] {Threei} pmf?

[13:49] {nemo} Pure Market Following

[13:49] {Threei} jeez

[13:49] {nemo} Oh no! I've got pmf!

[13:49] {Threei} it's a valid setup

[13:49] {nemo} aig

[13:52] {dino} thats ok, magoo has tb

[13:52] {dino} two bellies

[13:52] {nemo} huh?

[13:52] {dino} pmf

[13:52] {nemo} hehehehehehe\

06[13:53] * magoo slaps nemo around a bit with a large trout

[13:54] {nemo} what I do?

[13:55] {dino} i make the snowballs, you throw them

[13:55] {nemo} remember popping out from behind a snowbank, throwing a snowball and then realizing it was a police car...not good

[13:56] {dptl} got to go......have a good rest of the day all.....see ya tomorrow

[13:56] {Threei} take care dp

[14:02] {dino} cya

[14:03] {Threei} ABK, this pullback probably validates break setup in combionation with daily

[14:03] {Threei} Long Setup: ABK 2 break if stays above .90

[14:03] {nemo} hgsi

[14:31] {fernp} .

[14:31] {Threei} good point

[14:31] {nemo} ?

[14:31] {nemo} we in anything vad?

[14:31] {nemo} :)

[14:31] {Threei} sigh

[14:31] {nemo} aw c'mon

[14:32] {Threei} I presonally am in the middle of observing the slow motion of the cogs of the Universe

[14:32] {nemo} big volume spike on cat

[14:37] {nemo} 2nd big volume spike

[14:43] {dino} mos hl l .70

[14:44] {Threei} let's modify ABK - IF you are in the mood for aggressive entry

[14:44] {Threei} .95 break

[14:44] {nemo} stop under .90 for scalp .85 for day trade?

[14:46] {Threei} yup

[14:49] {Threei} but remember that our primary interest was triggered by daily chart

[14:49] {Threei} so it's possible swing trade

[14:50] {nemo} volume not diong much though

[14:50] {nemo} guess those volume spikes on cat were significant

[14:50] {nemo} break of .10?

[14:51] {Threei} can't tell

[14:51] {nemo} aig coughing up the fur ball now

[14:55] {nemo} rimm headed for hod

[14:57] {nemo} agco ino

[14:57] {nemo} dino

[14:59] {dino} watching it, wanted .25

[15:02] {Threei} wow

[15:02] {Threei} AIG barfs in a fishbowl

[15:02] {nemo} coughs up fur ball

[15:02] {nemo} don't be barfing in my home

[15:02] {Threei} if I thought so that what I would say

[15:03] {Threei} US) Reportedly Fed has begun talks with certain bond dealers to begin draining liquidity via reverse repos - unconfirmed report

[15:03] {Threei} - no intent to withdraw funds soon

[15:03] {Threei} hmm

[15:03] {Threei} is it exit strategy being prepared?

[15:03] {nemo} g20 meeting

[15:03] {nemo} "strong dollar" talk

[15:05] {nemo} if aig doesn't bounce of the close, it's a long way down

[15:05] {nemo} my quotes are freezing

[15:05] {Threei} shortable btw

[15:05] {nemo} yeah, whish I had done ti @ 51.20

[15:08] {nemo} wow,, took abk with it

[15:09] {larisa} what kind of pace is that :)

[15:09] {Threei} insanely crazy one?

[15:09] {nemo} incredible

[15:09] {Threei} then again, there is not much sane about AIG to begin with

[15:10] {larisa} lets catch a bounce :)

[15:10] {Threei} bounce time

[15:10] {Threei} .60 break

[15:10] {Threei} invalidated

[15:10] {Threei} waiting

[15:11] {Threei} wait

[15:11] {Threei} news

[15:11] {larisa} 50 cents in a blink both ways. selloff is scary

[15:11] {Threei} AIG Hearing late afternoon weakness being attributed to secondary rumors circulating (46.56, -1.84, -3.80%)

[15:11] {Threei} bs

[15:11] {Threei} it's a buy very soon

[15:11] {dino} they've been circulating all day

[15:13] {nemo} maybe aig is having an Oct. 87 flashback

[15:13] {Threei} lol

[15:13] {nemo} this might be it

[15:13] {Threei} took .45

[15:14] {nemo} sheesh

[15:15] {nemo} you still in vad?

[15:15] {Threei} out half +.80

[15:16] {Threei} stop to be

[15:16] {dino} nice

[15:16] {dino} i can't play that thing

[15:16] {larisa} double bottom attempt, this is too funny :)

[15:16] {larisa} me too dino

[15:16] {Threei} too bad

[15:16] {Threei} had a good chance for couple bucks rn

[15:16] {Threei} oh well

[15:17] {nemo} it's like watching a bad car accident

[15:17] {Threei} .41 - .74

[15:17] {dino} more power to you 3i, my mind gets wrecked on that

[15:17] {Threei} fast and furious

[15:18] {Threei} aww, too soon

[15:19] {larisa} 45 is much rounder number. I bet it will get thee

[15:19] {nemo} o.k. mags....come clean

[15:20] {dino} i'll be there in 6 months

[15:22] {Raven} -

[15:22] {Threei} (CA) Canada PM Harper: There is a "drift towards protectionism" in the world right now - CNBC (related USD/CAD EWC )

[15:22] {Threei} uhhu

[15:22] {nemo} brilliant fellow

[15:23] {nemo} oh oh

[15:24] {larisa} stocks like AIG should be prohibited, they take your focus away

[15:24] {Threei} - rumor appears to be have been generated by a Jim Cramer article this afternoon speculating that the "cash-strapped" firm could do a "gigantic secondary."

[15:24] {nemo} didn't they do one when they did the reverse split?

[15:25] {dino} out syna all day for +.15

[15:25] {Threei} did they?

[15:25] {Threei} I don't remember

[15:26] {nemo} I thought they did...could have been C I'm thinking of

[15:26] {nemo} another leg down?

[15:28] {Threei} .50 break...

[15:28] {Threei} scary

[15:28] {nemo} knock yourself out

[15:28] {larisa} "AIG is a victim of the parasites on wallstreet". funny

[15:28] {nemo} Rimm might be looking short

[15:29] {dino} mos to .80

[15:30] {dino} out +.10

[15:33] {Threei} BAC CEO Lewis may resign if charged by the SEC - CNBC's GAsparino (17.61, +0.36, 2.09%)

[15:34] {dino} should have been fired

[15:36] {Threei} rumor is beibng denied

[15:36] {Threei} AIG Hearing chatter circulating that the company would not be allowed to conduct a secondary due to agreement with US Govt (47.31, -1.09, -2.25%)

[15:37] {nemo} of course, the gov't could change their mind-in all their collective wisdom

[15:38] {dino} they always deny before they do it....think back, we don't need to raise capital

[15:38] {Threei} yeah

[15:39] {nemo} Oh good....I thought I was being pathologically cynical

[15:39] {Threei} anyway, that was another +.70

[15:39] {nemo} full lot, or half?

[15:39] {Threei} half

[15:39] {nemo} where's Magoo in all this excitement?

[15:40] {Threei} - Note: in August, the new CEO Benmosche said AIG could eventually do a secondary offering or issuance of convertible debt to raise capital AFTER it gets out from under govt ownership

[15:40] {dino} ewz

[15:40] {nemo} and, they're talking about restructuring the agreement lately

[15:40] {Threei} what don't you like z dino?

[15:40] {dino} brazil fund

[15:40] {Threei} why

[15:41] {Threei} ok... never mind

[15:41] {nemo} just spiked

[15:41] {Threei} lame attemot at humor

[15:41] {nemo} very

[15:41] {dino} ahhh

[15:41] {nemo} and spelling

[15:41] {dino} why would fund spike

[15:41] {nemo} yeah, although tbt spikes on some news

[15:42] {Threei} (BR) Moody's upgrades Brazil's sovereign ratings to Baa3 from Ba1; outlook Positive

[15:42] {Threei} - Moody's has upgraded Brazil's foreign- and local-currency government bond ratings.

[15:42] {Threei} ...more... (related EWZ USD/BRL EEM )

[15:42] {dino} ty

[15:51] {Threei} AIG is a box with surprises

[15:51] {dino} agco hits .26

[15:51] {Threei} will deliver a lot of those down the road, both directijons

[15:52] {dino} the widow maker

[15:52] {Threei} total

[15:52] {Threei} not discriminating between longs and shorts either

[15:53] {dino} gun to the head type

[15:53] {nemo} mao!

[15:53] {Threei} surprise of the day: CHIP

[15:53] {Threei} didn't die

[15:53] {Threei} maybe has more in it... gotta watch it

[15:53] {fernp} have a good evening everybody. see u all tomorrow

[15:54] {Threei} take care fern

[15:55] {Threei} UAUA United Airlines reportedly furloughs 290 more pilots, effective immediately (9.05, -0.35, -3.72%)

[15:56] {Threei} furloughs?

[15:56] {dino} sounds nicer than fires

[15:56] {larisa} otpusk

[15:56] {Threei} yeah

[15:56] {Threei} just was wondering about fancy language

[15:58] {Threei} okay guys, good day

[15:58] {Threei} thank you all

[15:58] {nemo} gnite

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {larisa} bye

[15:59] {Threei} oh,

[15:59] {Threei} and in case you wondered

[15:59] {Threei} China's Hu: want to have positive ties with US

[15:59] {lasertrev} see ya

Sep 21 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Not bad start for the week. Scalps outweghed stops, and couple bigger plays on momentum movers made it a firmly winning day. BCRX gave very nice bounce play, CYTK and AIG provided momentum, and usual suspects (LVS, HIG etc) provided scalps and stops.

Session Time: Mon Sep 21 00:00:00 2009

[07:56] {magoo} morning

[07:57] {Threei} 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza

[07:57] {Threei}

[07:57] {Threei} went over 11 earlier

[07:57] {Threei} pulled back

[07:57] {Threei} and good morning

[07:58] {magoo} over 11 ? quite pullbk

[07:58] {Threei} yeah, topped around 11.40

[07:59] {magoo} holy cow, i guess should try it here

[07:59] {Threei} strange, opullback all the way into Fri close

[07:59] {magoo} yes, nice see u early:)

[07:59] {magoo} volume ?

[08:00] {magoo} in 9.99

[08:02] {magoo} ah, bids coming in

[08:02] {Threei} CUR Receives FDA Approval to Commence First ALS Stem Cell Trial (1.87, 0.00, 0.00%)

[08:05] {magoo} u interested in CUR?

[08:06] {Threei} approval to start trial... shrug

[08:06] {magoo} u intersted in BCRX?

[08:06] {Threei} what kind of question is that

[08:07] {Threei} BCRX is a proven mover

[08:07] {magoo} oy...soooorrrryyyy

[08:07] {magoo} number 1 in volume on naz currently BCRX'

[08:12] {magoo} upgrade for GE this morn..could move .50-.75 cents

[08:12] {magoo} big share play

[08:13] {Threei} dunno... target raised from 17 to 18

[08:13] {Threei} and no reaction anyway

[08:13] {magoo} i played it thurs, it was fairly safe

[08:13] {Threei} it may move if market does, but if market fizzles out that upgrade won't help it

[08:15] {magoo} thats why i ask for yuor opinion...ty

[08:15] {magoo} i feel like loading the boat on BCRX here

[08:15] {magoo} try catch a point or 2

[08:17] {Threei} the depth of this pullback and stubbeorness of the seller bothers me

[08:17] {Threei} someone wants out badly

[08:17] {Threei} and uses this news to get out

[08:17] {Threei} have a look at VVUS too btw

[08:18] {Threei} getting nice buying and good size bids

[08:19] {magoo} news?

[08:19] {Threei} no

[08:24] {Threei} ONXX

[08:24] {Threei} Onyx Pharmaceuticals Inc Pre-market strength being attributed to positive comments from CNBC Medical Analyst Mike Huckman

[08:24] {Threei} - Mike Huckman via Twitter comments on positive statements made by analysts at CanacordAdams regarding breast cancer study results that were released

[08:24] {nemo} CNBC analyst ?!!!!

[08:30] {Threei} GLW Corning Inc And Geron Corp Showcase New Synthetic Surface Matrices To Enhance Stem Cell Growth (15.27, 0.00, 0.00%)

[08:31] {Threei} let's see what happens with this .40 offer

[08:32] {nemo} you talkin bcrx?

[08:32] {Threei} CPST Receives Order for Two C800 Microturbines for CHP in Colombian Office Building (1.40, 0.00, 0.00%)

[08:32] {Threei} yes

[08:45] {Threei} that's very strange behavior on BCRX part

[08:46] {Threei} you partialed any mags?

[08:46] {magoo} yea..nothings easy

[08:47] {Threei} someone wants out badly

[08:50] {ese} morning

[08:51] {Threei} ese :)

[08:51] {nemo} ese

[08:51] {ese} morning gents

[08:51] {ese} whats new and exciting

[08:52] {Threei} ummm

[08:52] {Threei} speaking of stocks, we wonder what's wrong with BCRX going negatiove on 77M contract

[08:52] {Threei} speaking of broader world, some new photos at http://www.realitytrader.com/photography/

[08:54] {Threei} GERN nice daily and little news

[08:55] {fernp} good morning everybody

[08:55] {Threei} but the way bios act, I'll stay away for now

[08:55] {Threei} fern :)

[08:56] {nemo} maybe people realized they were buying on a cnbc analyst comment

[08:56] {Threei} ?

[08:56] {Threei} buying what?

[08:56] {nemo} bcrx

[08:56] {nemo} nevermind onyxx

[08:57] {Threei} [07:57] {Alert} Threei 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza

[08:57] {Threei} wake up

[08:57] {dino} gm all

[08:57] {Threei} dino :)

[08:59] {nemo} $ up pretty strong this morning

06[09:01] * nemo slaps lasertrev around a bit with a large "good morning"

[09:01] {lasertrev} good morning all

[09:01] {magoo} morn :)

[09:01] {Threei} trev :)

[09:01] {lasertrev} ouch, slap right away

[09:01] {nemo} if you call a "good morning" a slap...

[09:02] {Threei} that's pretty much what goes for real greeting with some... gnawing at someone's throat is their equivalent to a smile... etc

[09:03] {Threei} CHIP Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus (1.15, 0.00, 0.00%)

[09:03] {lasertrev} lol

[09:03] {nemo} huh?

[09:03] {nemo} I think you erroneously ascribe nefarious intent

[09:04] {nemo} hi lari...

[09:04] {larisa} gm :)

[09:04] {Threei} as long as nemo and nefarious are in one sentence, there is no room for "erroneous" in the same sentence anymore...

[09:04] {magoo} i think trev gonna realize soon that this room just ain"t quite right

[09:04] {Threei} larisa :)

[09:05] {nemo} touche

[09:05] {nemo} that's sticking your chin out

[09:05] {lasertrev} its not the room

[09:05] {nemo} ooohhhhh lasertrev...nice one

[09:13] {Threei} CHIP more or less reacts

[09:18] {cosmo} nktr

[09:19] {Threei} 6:01:57 AM

[09:19] {Threei} Nektar Therapeutics Signs co-development agreement with AstraZeneca for NKTR-118 and NKTR-119 for treating opioid-induced constipation

[09:19] {cosmo} gee....finally

[09:20] {Threei} rofl

[09:20] {nemo} it's really tough on people 1) who are in chronic pain, and 2) people in end-stage cancer treatment where pain is extreme

[09:26] {Threei} ABAT Announces New Order Contracts for Wuxi ZhongQiang (4.22, 0.00, 0.00%)

[09:26] {ese} sounds like there is alot of competition already for that type of product.....my says that there are lots of products doing the same thing

[09:26] {ese} my wife

[09:27] {Threei} - Wholly-owned subsidiary, Wuxi ZhongQiang has signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark. One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million.

[09:27] {Threei} - Delivery on both orders is expected to occur within one month.

[09:27] {dptl} good morning all

[09:27] {Threei} dp :)

[09:29] {Threei} dollar strength weighs on stocks

[09:31] {Threei} I swear BCRX is a short on this news, lol

[09:32] {Threei} watching NTAP for pullback

[09:34] {Threei} Long Setup: NTAP .75 break

[09:34] {Threei} if stays above .65

[09:36] {Threei} CHIP... sheesh

[09:37] {ese} bstop arna .00

[09:38] {ese} l arna .04

[09:40] {ese} out arna .22 +.18

[09:40] {magoo} AIG nuts

[09:40] {Threei} Preview: August Leading Indicators due out at 10amET

[09:40] {Threei} **consensus expectation: 0.7%e v 0.6% prior (range of analyst estimates from 0.0% to 1.0%)

[09:40] {ese} your basic $1000 right off the bat

[09:41] {ese} that stock is crazy

[09:41] {dino} spxu

[09:41] {dino} no

[09:44] {ese} vad could you give an opinon on a pullback for arna

[09:45] {Threei} no read here... tough one

[09:45] {ese} tks

[09:45] {nemo} lvs mgm vertical

[09:45] {ese} was thinkin .10 area

[09:46] {Threei} HIG

[09:46] {Threei} pullback under .80 for long entry

[09:46] {Threei} NTAP no worky

[09:50] {Threei} HIG touched under .80 so briefly, no chance for confident entry

[09:50] {Threei} and now starts looking rather like breakout

[09:51] {Threei} for crazy ones, look to take AIG closer to 41

[09:54] {Threei} LVS

[09:54] {Threei} .85 long if holding .75

[09:56] {Threei} HIG finally worthy pullback

[09:57] {Threei} .70 long if holding .60

[09:58] {fernp} ty

[09:58] {Threei} HIG 1;1

[09:59] {Threei} LVS 1:1

[10:00] {Threei} AUG LEADING INDICATORS: 0.6% V 0.7%E

[10:00] {Threei} Short Setup: CAT 52 breakdown half lot

[10:01] {Threei} if stays under .20

[10:01] {Threei} invalidated

[10:01] {ese} l arna .13 risky

[10:01] {ese} market going against me

[10:02] {Threei} AIG lost whatever left of its mind

[10:03] {ese} gonna go long arna again at .20

[10:06] {dino} cedc gap fill

[10:07] {Threei} CHIP just goes

[10:08] {ese} ouuu almost stopped arna .99

[10:16] {nemo} aig pullback

[10:17] {fernp} VM daily interesting. Maybe 5 or 5.10 break

[10:20] {Threei} American International Group, Inc UPDATE: AIG trading up 12%

[10:20] {Threei} - earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration. Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm.

[10:20] {nemo} reducing the government stake at a loss...of course

[10:20] {fernp} HIG .70 break?

[10:21] {Threei} ummm... yes

[10:21] {Threei} lol

[10:21] {nemo} nice call vad

[10:21] {fernp} virtual 1:1 here :)

[10:22] {dino} kbr l .16 stop .96\

[10:22] {magoo} news POT vad?

[10:23] {Threei} couple upgrades

[10:23] {Threei} one downgrade

[10:23] {Threei} nothing significant

[10:23] {nemo} lvs break of .70

[10:23] {nemo} ?

[10:24] {Threei} worth a try

[10:24] {Threei} stop is fairly tight

[10:24] {Threei} and market gains strength

[10:25] {dino} agco l .50, stop lod

[10:25] {Threei} bcrx

[10:26] {Threei} 9.80 short trigger... was hesitant on that

[10:26] {Threei} too bad

[10:28] {Threei} LVS 1:1

[10:28] {nemo} out lvs .80

[10:28] {nemo} ty

[10:29] {nemo} volume not endearing

[10:30] {Threei} Long Setup: JNPR .90 break if holding above .80

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 265M shares, about even to its three-month average; decliners lead advancers by 4.9:1.

[10:32] {Threei} - NASDAQ volume 530M shares, about even to its three-month average; decliners lead advancers by 1.8:1.

[10:32] {Threei} - VIX index +5% to just over 25.00

[10:33] {Threei} KONG?

[10:33] {Threei} no news tat I see

[10:37] {Threei} CVM Hearing today's strength being attributed to margin calls (1.95, +0.34, 21.12%)

[10:37] {Threei} hmm?

[10:37] {Threei} does it have high shirt interest?

[10:37] {Threei} short too

[10:38] {Threei} 2.29 %

[10:38] {Threei} shrug

[10:40] {Threei} Americans Now View Congress As Least Respected Job

[10:40] {Threei} let's see if congressmen agree and quit

[10:41] {Threei} Fed's Bernanke scheduled to speak before the US House of Financial services Oct 1

[10:46] {Threei} I start watching HIG for the upper envelope,

[10:46] {Threei} want short

[10:47] {Threei} so far:

[10:47] {Threei} resistanbce is .70,

[10:47] {Threei} .55 is short trigger,

[10:47] {Threei} if market drops sharply I'd grab it aggressively

[10:48] {Threei} break over .70 invalidates the setup but it will remain on watch

[10:51] {fernp} TY Vad out .99 JNPR

[10:51] {Threei} :)

[10:52] {Threei} one last bounce please HIG

[10:52] {Threei} then break down and die

[10:55] {nemo} I'm in but that hmmper scares me

[10:56] {Threei} who?

[10:56] {nemo} hig

[10:59] {nemo} out

[11:00] {fernp} stopped HIG

[11:02] {Threei} Long Setup: BCRX 9.50

[11:03] {Threei} stop under .40 for scalpers, under .35 for day traders

[11:04] {Threei} NY Fed: Purchased $4.05B in $300B outright coupons purchase; Dealers submitted $15.3B for consideration (bid to cover 3.78)

[11:04] {magoo} in

[11:07] {Threei} 1:1 for scalpers

[11:07] {fernp} out TY

[11:07] {Threei} 1:1 for daytraders

[11:18] {nemo} LVS long, break of .85?

[11:19] {nemo} if holding .75

[11:24] {Threei} chart wise yes

[11:24] {Threei} market support is the problem

[11:25] {Threei} moves so slowly, I can't get a feel for whether we are headed for anoter break or reversal

[11:26] {dino} tighten agco to .70 kbr to .37

[11:27] {Threei} Hearing Credit Suisse making mildly positive comments on education names, expects a "relief rally" (timing uncertain)

[11:27] {Threei} - Notes that a GAO report on for profit schools may not have been as negative as previously expected

[11:27] {Threei} Related (APOL COCO CECO ESI EDMC )

[11:27] {Threei} AGEN Expands QS-21 license agreeme

[11:28] {Threei} - signed an amended and restated license agreement for the use of the QS-21 adjuvant in a vaccine under development by JANSSEN Alzheimer Immunotherapy, a company which has acquired substantially all of the assets and rights of Elan related to its Alzheimers Immunotherapy Program (AIP).

[11:29] {dino} agco out .74 +.24

[11:30] {dino} out kbr .37, +.21

[11:33] {nemo} $ been dropping, market been coming back

[11:38] {Threei} let's close our eyes, buy 10K of CHIP, put it for sale at 12 and go away

[11:38] {magoo} in

[11:38] {magoo} lol

[11:38] {Threei} oops

[11:38] {Threei} :)

[11:39] {Threei} seriously, look at this POS

[11:43] {magoo} seems like 4

[11:43] {dino} orex?

[11:45] {Threei} no news

[11:45] {dino} ty

[11:48] {dino} amn, amsc

[11:52] {dino} orex sm s .75

[11:54] {dino} gopd is coming on tv

[11:54] {dino} god

[11:54] {nemo} who?

[11:55] {dino} obama

[11:55] {nemo} I got it on "god"

[11:55] {dino} :)

[11:56] {Threei} 5 talk shows in one sunday - one can get a taste for that I guess

[12:00] {Threei} sorry dino, I know you already alerted but this is my traditional line and even at risk of being redundant I must say it:

[12:00] {Threei} guess who is on TV

[12:00] {dino} lol

[12:00] {Threei} SNY Receives new order for swine flu from the US GOvt (37.29, +0.53, 1.44%)

[12:01] {Threei} HNSN Strength attributed to a report that the company has been granted FDA approval for its next generation Robotic Cather System (4.33, +1.20, 38.34%)

[12:01] {dino} ouch

[12:01] {Threei} SNY Order for approx 75M doses

[12:03] {Threei} Robotic Cather System, called Sensei

[12:03] {Threei} - this was initally reported in a press release by the company on 9/15

[12:05] {Threei} HNSN pace pick up...

[12:06] {Threei} being designated as another momo candidate I guess... as CHIP becomes old

[12:07] {Threei} wow... EDGX bid is for real

[12:08] {Threei} I guess, .50 break long if holding .40

[12:08] {Threei} target, ummm... 5?

[12:13] {dino} orex bstyop to .52

[12:14] {nemo} maybe B on aig on that volume spike @ 12:08

[12:15] {nemo} double bottom, sorry

[12:20] {Threei} BCRX hit over 1:2 for day traders

[12:20] {Threei} mags... in case you are trying to squeeze something out of it... careful

[12:20] {dino} orex cov .52, +.23

[12:20] {Threei} swine flu contract news seem seriously diluted these days

[12:20] {magoo} im waiting .87, patialed

[12:21] {magoo} partialed, but have alot still

[12:21] {Threei} it was .89 earlier...

[12:21] {magoo} shit fill laser then

[12:21] {Threei} play it safe... half out, stop to b/e

[12:22] {Threei} whatever happens do NOT lose on this play

[12:23] {magoo} ok

[12:29] {magoo} out boss

[12:29] {Threei} good

[12:30] {Threei} you see this trading last days

[12:30] {Threei} it's like pulling teeth

[12:30] {Threei} each winning trade is being dragged out of market moth... kicking and screaming

[12:31] {Threei} we need pullback badly

[12:36] {nemo} aig woke up

[12:37] {Threei} this time it even has a reason

[12:37] {Threei} AIG GAO believes financial conditions at AIG have stabilized - NY Times (43.88, +3.97, 9.95%)

[12:38] {Threei} another ityem a bit earlier but caused no reaction:

[12:38] {Threei} American International Group, Inc Open to "contructive efforts" from former CEO Greenberg

[12:38] {Threei} - Reminder: Earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration.

[12:38] {Threei} - Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm. Towns said AIG should not be rushed to pay back the loans if the US can get a better return on its money.

[12:42] {nemo} news on ceph vad?

[12:43] {Threei} nothing fresh

[12:50] {dino} mtxx

[12:52] {nemo} how many times you been in and out of aig mags?

[12:52] {magoo} 4

[12:53] {magoo} in now trying for .95

[12:55] {magoo} out here

[12:55] {magoo} .56

[12:55] {magoo} 5k from .20

[12:55] {magoo} very risky

[12:55] {magoo} may reload

[12:56] {magoo} when im scared...u better be

[12:56] {nemo} I was tempted at the 43.50 break, but then it got to spread out

[12:57] {magoo} better to catch pullbk on it

[13:00] {magoo} wish vad would start reading AIG...somehow makes me feel more secxure

[13:00] {magoo} secure

[13:00] {nemo} freudian slip there mags

[13:01] {Threei} I give read on it when it forms safe enmough setup

[13:01] {magoo} yup

[13:01] {nemo} so...every blue moon or two

[13:01] {Threei} but no way to read it all the time

[13:01] {magoo} and then ill BE THERE ok:)

[13:01] {nemo} oh oh ELP flashbacks

[13:02] {dino} amsc

[13:02] {Threei} this MTXX spike... no even rumor for it

[13:12] {dino} amsc hl l .95

[13:18] {nemo} lvs break of .35?

[13:18] {patience} hey dino, you think we end up red today?

[13:18] {nemo} Well, that answers my question

[13:19] {Threei} I am not elighted nemo

[13:20] {nemo} just a scalp...there it is

[13:23] {magoo} AIG 45 trigger lomg

[13:23] {magoo} then w/stop of .90

[13:25] {magoo} risk is beyond belief

[13:25] {dino} amn sm l .55 ave, wide

[13:29] {magoo} in

[13:29] {magoo} im looking for 47 area

[13:30] {nemo} 47.00 or 45.47?

[13:33] {magoo} by end of day...i truly believe it prints 47 dollars..but hehg...thats nota trade call....

[13:33] {magoo} i in tho

[13:33] {magoo} 7 th time

[13:34] {magoo} 45.40 should get us near 46...breathes hard

[13:34] {magoo} like it tho

[13:37] {magoo} big wall there at .50

[13:38] {Threei} should take it like there is nothing

[13:38] {Threei} there

[13:45] {nemo} in cat .26

[13:46] {nemo} out .36

[13:56] {magoo} A I GAY

[13:56] {nemo} janitor....

[13:57] {Threei} CYTK Hearing Wedbush makes positive comments (timing uncertain) (3.99, -0.01, -0.25%)

[13:59] {Threei} BAC Reportedly US House Panel has declared BAC did not meet deadline to hand over information on Merrill Lynch deal (17.29, -0.34, -1.93%)

[13:59] {Threei} what are they going to do abut it?

[13:59] {nemo} ask for campaign contributions

[14:00] {nemo} tough crowd...:(

[14:01] {Threei} we just don't see the humor in it... normal reaction

[14:01] {Threei} of course contributions

[14:01] {nemo} I like the Fed telling Treasury to go to hell

[14:02] {Threei} 46 on the nose

[14:03] {magoo} out

[14:03] {magoo} .90

[14:03] {nemo} somebody slap that boy

[14:04] {magoo} in

[14:05] {magoo} stopped'

[14:05] {nemo} support was @ .60

[14:06] {nemo} scalpers regret on cat

[14:09] {Threei} CYTK...

[14:09] {Threei} becomes interesting

[14:09] {Threei} not often big name like Wedbush pays attention to $4 stock

[14:10] {dino} scor

[14:15] {Threei} how about that CYTK

[14:16] {Threei} - Webush says CYTK's skeletal muscle program could be worth $13/share and its heart failure program is worth $5/share.

[14:17] {nemo} is this another "close your eyes and buy 10k shares?" :)

[14:17] {Threei} pretty much

[14:17] {magoo} in

[14:17] {magoo} not

[14:17] {nemo} I was just gonna' ask mags...

[14:18] {nemo} Think Webush is selling into this..

[14:18] {nemo} bcrx coming into lod

[14:19] {magoo} BCRX was such disappointmt

[14:19] {magoo} 11.40 pre mkt io believe

[14:20] {Threei} if CYTK can retake 4.80, should spike to 5 and probably over

[14:24] {Threei} new high

[14:24] {Threei} 5 on horizon

[14:34] {magoo} .

[14:35] {Threei} lol

[14:35] {Threei} someone at Laser should stop drinking that early in the day

[14:35] {Threei} 14:34:48 MD1 --} (All): !!!!!!!! !!!!!!

[14:35] {nemo} Magooo...new part-time job?

[14:36] {Threei} same setup shapes up again

[14:36] {Threei} .80 break

[14:37] {Threei} NTGR Judge reportedly throws out a patent lawsuit by LG Fujitsu and Phillips (19.26, +0.44, 2.34%)

[14:37] {nemo} ntgr

[14:38] {nemo} sorry

[14:38] {Threei} magoo's 47 is coming on AIG it seems

[14:39] {magoo} more

[14:39] {magoo} but hard breather

[14:40] {Threei} tell me about it... I can't talk to it without covering face with towel

[14:42] {Threei} PALM Jim Cramer makes positive comments on PALM; AMT (14.53, +0.52, 3.71%) (related AMT )

[14:44] {Threei} PAL, cramerization in progress

[14:45] {Threei} PALM that was

[14:46] {magoo} 47

[14:46] {nemo} 47

[14:46] {Threei} 47?

[14:46] {dptl} have a good evening all

[14:46] {Threei} take care dp, but before you leave,

[14:46] {Threei} you see 47, right?

[14:47] {dptl} where? what?

[14:47] {Threei} lol

[14:47] {Threei} never mind

[14:47] {dptl} :)

[14:47] {Threei} see you tomorrow :)

[14:47] {Threei} beautiful read mags

[14:50] {magoo} been kickin it too:)

[14:50] {Threei} violence works

[14:56] {Threei} CHIP... eod run or fizzle

[15:01] {dino} fizzle

[15:02] {magoo} the snizzle fizzle is the drizzel (snoop dog)

[15:03] {magoo} 48

[15:04] {Threei} that's abourt it for today for AIG, IMO

[15:04] {magoo} goober.com has upgraded target AIG today to 55

[15:04] {dino} ggc

[15:07] {ese} Hi everyone........just thought that i would pop in after my staff meeting

06[15:07] * magoo slaps ese around a bit with a large trout

[15:07] {Threei} missed a few nice ones ese

[15:08] {Threei} and spectacular call by magoo on AIG

[15:09] {ese} so i'm i'm out of arna with that second trade before i left at .27 +.14 on6k and i just got out of dndn from last friday in at .50 and out at .03 +.53....so i'll se you all tomorrow

[15:09] {Threei} okay... rub our noses in it

[15:09] {Threei} and run away

[15:09] {Threei} ok CYTK

[15:09] {ese} vad this ha been a very good day.......i'm loving you right now

[15:10] {Threei} wanna break 5 now?

[15:12] {Threei} who took .80 break on CYTK, if you don't scalp then sure take hlf off near 5

[15:12] {Threei} half that was

[15:12] {Threei} PALM... holy cramer

[15:13] {nemo} holy and cramer in the same sentence....nahhhhh

[15:13] {Threei} how is cramer worse than let's sat mackerel?

[15:14] {nemo} it's the use of the two words...he's the investing anti-christ (with full realization that the word "investing" should not be used here

[15:14] {nemo} )

[15:19] {Threei} 5 break would be just perfect now

[15:19] {Threei} beautiful chart

[15:20] {Threei} explosive

[15:20] {magoo} AIG feels like just getting started

[15:21] {magoo} palm bounce vad?

[15:22] {nemo} cytk froze

[15:22] {Threei} need much deeper pullback

[15:23] {magoo} BAC

[15:23] {magoo} VOLUME

[15:23] {Threei} BAC Close to deal that may end loss sharing agreement - WSJ cites sources (17.37, -0.26, -1.47%)

[15:24] {nemo} that volume spike on cytk, was that the blow off?

[15:24] {Threei} not much of a price spike for that

[15:26] {Threei} - struck a deal with the govt in January that gave it loss protection on $118B of Merrill assets, but BoA said it wanted to exit the deal in May.

[15:27] {Threei} hmmm

[15:27] {Threei} so how is it good for BAC?

[15:29] {nemo} stopped cytk

[15:29] {Threei} hmm?

[15:29] {nemo} on break of 5 I entered

[15:29] {Threei} wow

[15:29] {dino} wondering the same

[15:29] {Threei} call was 4.80

[15:29] {Threei} 5 break for continuation

[15:29] {Threei} not for new entry

[15:29] {nemo} I misinterpreted

[15:29] {Threei} so it was either scalp into 6,

[15:29] {nemo} [15:19] {&Threei} 5 break would be just perfect now

[15:29] {nemo} [15:19] {&Threei} beautiful chart

[15:29] {nemo} [15:20] {&Threei} explosive

[15:29] {Threei} or half out and trail

[15:30] {Threei} so second half would be stopped b/e

[15:30] {Threei} [14:36] {Threei} same setup shapes up again

[15:30] {Threei} [14:36] {Threei} .80 break

[15:30] {magoo} first call was a beauty on it vad

[15:30] {magoo} second too btw

[15:31] {nemo} as I said, misinterpreted your prose

[15:31] {Threei} running comments

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 850M shares, about even to its three-month average; decliners lead advancers by 1.9:1.

[15:31] {Threei} - NASDAQ volume 2.01B shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.

[15:31] {Threei} - VIX index +-0.75% to just under 24.00

[15:32] {Threei} so, after huge volume on Fri with practically no price advance, which usually rweads as distribution

[15:32] {Threei} today we get volume dropoff, with slightly negative price

[15:32] {nemo} rally continues tomorrow

[15:32] {Threei} I don't know how to connect these two

[15:33] {Threei} they asre contradictionary

[15:33] {magoo} dip buyers were impressive

[15:36] {magoo} bulls need a strong close here

[15:38] {nemo} does op ex on Friday kinda' nullify things?

[15:39] {nemo} I think it was quadruple witching hour, no?

[15:40] {dino} today, just reaction to the strike pushes from last week, imo

[15:40] {dino} bigger issue may be end of 3rd quarter.

[15:41] {dino} rino\

[15:45] {magoo} any read PALM vad?

[15:45] {Threei} no... short after Craner effect wears out

[15:46] {Threei} AZN MedImmune Receives U.S. Government Order for Additional 29 Million Doses of Nasal Spray Vaccine for 2009 H1N1 Influenza (45.39, +0.19, 0.42%)

[15:46] {Threei} VIVUS, Inc Reiterates on track for New Drug Application (NDA) for Qnexa for weight loss by December - UBS conf presentation

[15:46] {Threei} - CFO: recent data make us very comfortable that the drug is doing exactly what we want.

[15:50] {Threei} DSTI Executes Letter of Intent With EPOD Solar, Inc. and Enters Into Bridge Financing Agreement (0.84, +0.23, 37.16%)

[15:51] {Threei} things to watch tomorrow:

[15:51] {Threei} CYTK, CHIP, VVUS,

[15:51] {Threei} AIG of course...

[15:51] {Threei} PALM

[15:56] {Threei} CHIP... if we got quick drop to 2.50 or under, I'd even take it overnight

[15:58] {fernp} good evening everybody. see you tomorrow

[15:58] {Threei} take care fern

[15:58] {Threei} CYTK finishes fairly strong

[15:59] {Threei} okay guys, thank you all

[15:59] {Threei} have a good evening'

[15:59] {Threei} see you tomorrow

[15:59] {larisa} bye :)

[16:00] {Threei} one more to watch tomorrow

[16:00] {Threei} BIOS

Sep 18 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Something didn't feel right from the get-go. Maybe triple witching, maybe something else - but I limited most calls to half lot and to tighter stops. Good thing as stops were a bit too many. Winning trades trades didn't compensate for them at the end of the day. Gotta have a negative day once in a while, right?

Session Time: Fri Sep 18 00:00:00 2009

[07:56] {magoo} morning

[07:56] {nemo} comrade

[07:58] {magoo} ARNA has conference at 8 a.m

[07:58] {magoo} it hit 7 last nite, crushed here

[08:04] {nemo} where's fearless leader

[08:19] {nemo} back again

[08:19] {nemo} heard from boss yet?

[08:20] {magoo} hes monitoring u as we speak lol

[08:21] {nemo} can take the boy out of the USSR, but...

[08:34] {magoo} used to be u could NOT take the boy out of ussr :)

[08:34] {Threei} sigh

[08:34] {Threei} morning

[08:35] {Threei} conference doesn't sound too rosey?

[08:36] {magoo} hit 7 laast nite

[08:36] {Threei} I know

[08:36] {magoo} sigh, u no longer say good morning on a regular basis

[08:36] {Threei} I merily sold most

[08:37] {Threei} 12:00:24 AM

[08:37] {Threei} Arena Pharmaceuticals Inc In Phase III study, LORCASERIN met all primary efficacy and safety endpoints; NDA Submission on Track for December

[08:37] {Threei} - Patients achieved highly significant categorical and absolute weight loss.

[08:37] {Threei} - 63.2% of patients lost at least 5% of their body weight

[08:37] {Threei} - 35.1% of patients lost at least 10% of their body weight

[08:37] {Threei} - Patients lost an average of 17.0 pounds, or 7.9% of their body weight

[08:38] {ese} morning.....

[08:38] {Threei} ese :)

[08:38] {Threei} The top quartile of lorcaserin patients lost 36% more body weight than the top quartile of placebo patients.

[08:38] {Threei} - 47.2% of patients treated with 10 mg of lorcaserin dosed twice daily lost at least 5% of their body weight compared to 25.0% for placebo (p{0.0001). This result satisfies the efficacy benchmark in the most recent FDA draft guidance.

[08:38] {Threei} - 22.6% of patients treated with 10 mg of lorcaserin dosed twice daily lost at least 10% of their body weight compared to 9.7% for placebo

[08:38] {Threei} so what's the catch

[08:39] {Threei} the rest of the text is just as fine

[08:40] {cosmo} if people can't gain weight they will have to eat more and the planet can't provide the increased consumption?

[08:40] {Threei} wow

[08:40] {Threei} I mean.... wow

[08:41] {nemo} well...we'll then decrease the surplus population

[08:41] {cosmo} i think...

[08:41] {magoo} did not match effectiveness of competitors vad

[08:41] {Threei} respect cosmo... I know human mind can be warped, but this is brilliant

[08:41] {nemo} There ya' go cosmo...thinking...

[08:41] {Threei} really mags?

[08:42] {magoo} huh?

[08:42] {magoo} oh, yea

[08:42] {magoo} on yahoo

[08:42] {Threei} too bad

[08:43] {Threei} I thought we could get a momo

[08:43] {magoo} i thought it was gonna be superstar topday, runner

[08:43] {magoo} news BPFH boss

[08:44] {Threei} Thursday, September 17, 2009 4:30:21 PM

[08:44] {Threei} Boston Private Financial Holdings Inc Halted: To Sell Gibraltar Private Bank & Trust for $93M in cash proceeds

[08:44] {Threei} - completed the sale of Coral Gables, Florida-based Gibraltar Private Bank & Trust for $93M to private investors.

[08:44] {Threei} - Key aspects of sale: $1.4B reduction in total assets, boosting BPFHs key TCE/TA ratio by approximately 100 basis points to 6.2% (1) $50M reduction of non-performing assets, a 34% decline(1) $91M reduction in classified loans, a 39% decline(1) One-time book loss of approximately $35M, with a $17M reduction to tangible capital(2)

[08:54] {ese} dndn....going crazy premarket

[08:55] {magoo} dam..was on my watch list last nite, missed it here

[08:55] {ese} up 2.00

[08:55] {ese} me too

[08:55] {magoo} news DNDN vad?

[08:55] {Threei} not that I see

[08:55] {ese} posible takeover....but thats been around for a week or so

[08:55] {Threei} lol, and repeated many times

[08:56] {Threei} it had press-conference on Tuesday

[08:56] {Threei} at MS I tjhink

[08:56] {Threei} maybe something really encouragiong was said there... but not being in the room, who knows

[08:57] {ese} wwwhhhaaaatttt!!!!! vad....you know all and see all......my very being depends on you.......oh no

[08:58] {Threei} lol

[08:58] {ese} ok......i over did it a little

[08:58] {ese} alright......alot

[08:58] {nemo} whoa...ese...easy on the bennies

[08:58] {Threei} ese... let's quietly back away from computer, calmly and orderly, reach into that medicine cabinet,, and take out daily dose of medication... both of us,..

[08:59] {nemo} yours is liquid and it's in the freezer...vad

[09:00] {ese} phewwwww......ok that worked....lemon cello(done with vodka)

[09:00] {magoo} thats mine

[09:01] {Threei} HBAN Prices $400 Million Common Stock Offering (4.51, 0.00, 0.00%)

[09:01] {fernp} good morning everybody

[09:02] {nemo} haroo

[09:02] {Threei} at $4.20 /sht

[09:02] {Threei} fern :)

[09:02] {magoo} start watching DNDN vad...it may be our "1" today

[09:02] {Threei} it's very easy to read mags

[09:02] {Threei} just two letters actually

[09:03] {magoo} we need to catch iytt right tho..our rinse-a-roo

[09:03] {Threei} nice frightening rinse, if occurs

[09:03] {lasertrev} morning

[09:04] {Threei} trev :)

[09:04] {Threei} remember yesterday's call on AIG?

[09:04] {Threei} within 10 cents off 39 support

[09:04] {magoo} no..did i see it?

[09:04] {ese} still have sm position in hban from yesterday......thats gonna break the highs of .80 in a few days me thinks..all those institutions buying that stock offering at 4,51 will want to make a profit on it

[09:05] {Threei} this is how I can call them and remain at peace with my conscience

[09:05] {Threei} otherwise it's a murderously risky

[09:06] {Threei} ummm

[09:06] {Threei} five me a second mags

[09:06] {Threei} give

[09:06] {ese} palm palm palm palm.......whoa..whats that all about on all my screens

[09:07] {ese} whats the news on that

[09:07] {Threei} but be warned, at the end of the wait you will be slapped mercilessly

[09:07] {Threei} lookie here

[09:07] {Threei} [13:35] {Threei} anyone took AIG?

[09:07] {Threei} [13:35] {Threei} rare case when I can alert it in time... and you waste it

[09:07] {Threei} [13:35] {magoo} im in

[09:07] {Threei} [13:35] {magoo} waiting 43

[09:07] {nemo} .43

06[09:07] * Threei slaps magoo around a bit with a large dose of Alzheimer medication

[09:07] {Threei} PALM had earnings yeaterday ese

[09:08] {ese} did it beat

[09:08] {nemo} nahhh...he's landed on his head too much falling off his trail bike

[09:08] {Threei} cted very strange

[09:08] {Threei} good numbers but started with sharp drop

[09:08] {Threei} then recovery

[09:08] {ese} hmmmmmm

[09:08] {Threei} I shrugged and stopped watching, too weird

[09:11] {ese} looking for an eventual price target on hban........anybody have one

[09:12] {nemo} r1 close above .63

[09:12] {nemo} r2 above ..72

[09:12] {dino} gm all

[09:12] {nemo} r3 above .97

[09:12] {Threei} dino :)

[09:13] {ese} not todays resistance points nemo......big one? 5bucks 6 bucks 7bucks?

[09:14] {ese} heard anything

[09:14] {nemo} no, just looking at what the chart shows...I don't have volume at price access, so I don't know what you need to chew through

[09:15] {dino} ioc

[09:15] {Threei} ese, look dcc plas

[09:17] {Threei} VVUS is happy

[09:17] {Threei} ARNA's competitor

[09:17] {dptl} good morning all

[09:17] {Threei} dp :)

[09:23] {Threei} Reportedly Fed is working on guidelines about bank incentive compensation accross all of the firms it regulates; proposal to come in a matter of weeks

[09:23] {Threei} - report echoes a WSJ report this morning, noting the Fed is looking at compensation curbs on firms ahead of the G20 meeting in Pittsburgh later this month where pay policy is expected to be a leading issue.

[09:23] {Threei} - this latest report says Fed will not propose any hard caps on compensation, and it will not be a "one size fits all" regulation.

[09:23] {ese} ddddddddppppppppp!!!!!!!1

[09:25] {Threei} so... VVUS on radar,

[09:25] {Threei} ARNA, just in case,

[09:25] {magoo} arna, dndn

[09:25] {magoo} pam

[09:26] {magoo} palm

[09:26] {Threei} DNDN as momo candidate labeled RAH (risky as hell)

[09:26] {Threei} LVS

[09:27] {magoo} HURN gap

[09:28] {magoo} watch AIG too vad

[09:29] {Threei} hey

[09:29] {Threei} how many eyes do you think I have

[09:30] {magoo} 3

[09:31] {Threei} Long Setup: VVUS .45' break

[09:31] {Threei} half lot

[09:31] {magoo} in

[09:32] {Threei} stop under .25

[09:32] {Threei} LVS sharp selling

[09:33] {Threei} stop to under .30

[09:34] {Threei} .50 break should do it

[09:34] {Threei} DNDN Deutsche Bank makes positive comments following FDA's draft guidance for cancer vaccines

[09:34] {Threei} - analyst sees approval for Provenge more likely based on the guidelines laid out by the FDA. (28.90, 0.00, 0.00%)

[09:36] {magoo} i took that DNDN .25

[09:36] {Threei} stop under 29?

[09:36] {magoo} yup

[09:37] {Threei} no go VVUS

[09:37] {Threei} LVS becomes interesting

[09:37] {Threei} not ready yet

[09:39] {Threei} Long Setup: DNDN .25 half lot

[09:40] {Threei} stop under the low of this pullback

[09:40] {Threei} and invalidated if loses 29

[09:42] {Threei} invalidated

[09:43] {magoo} PALM bouncer?

[09:43] {Threei} 14 break...

[09:43] {Threei} kind of 50/50

[09:43] {Threei} Long Setup: LVS .80 break half lot

[09:44] {Threei} if stays above .65

[09:44] {magoo} in

[09:46] {Threei} no worky LVS

[09:46] {fernp} stopped

[09:47] {dino} watching stec, heat, fuqi

[09:47] {dino} and usuals

[09:49] {nemo} amed up 1.32

[09:49] {Threei} Long Setup: HIG .45 if holfing above .35

[09:52] {nemo} in palm mags?

[09:53] {Threei} PALM{ feel free to exit here

[09:54] {magoo} out TY

[09:54] {magoo} .17

[09:55] {magoo} DNDN coiling imo..RISKY

[09:55] {Threei} HIG too

[09:55] {magoo} way over 30 in pre mkt..like 30 .60 are i think

[09:55] {Threei} 30.80 high

[09:56] {magoo} in hig aggressibve

[09:56] {Threei} ummm

[09:56] {Threei} dunno about aggressive entries mags...

[09:56] {fernp} FAS dropping mags

[09:56] {Threei} market hasn't found solid footing still

[09:57] {magoo} agree

[09:58] {dino} fuqi l hl .05 risky

[09:59] {fernp} quadruple witching today, no?

[10:00] {dino} y

[10:00] {magoo} big pop VVUS

[10:00] {nemo} arna .50 break stop under .42?

[10:00] {fernp} thanks

[10:00] {magoo} MGM interesting vad

[10:00] {dino} np

[10:01] {dino} fuqi stop is .73, brb need coffee

[10:02] {Threei} I doubt it nemo

[10:03] {magoo} in MGM

[10:03] {magoo} .03

[10:03] {Threei} VVUS

[10:03] {Threei} momo

[10:04] {Threei} WHO: Swine flu supplies will come in below prior estimates - update (related SWINEX GILD ROG.SZ BCRX NVAX )

[10:04] {dino} bpfi s sh .90

[10:05] {Threei} strongly feels like going for 12

[10:05] {Threei} no clear setup... typical momo

[10:05] {dino} bpfh i mean, bstop is .13

[10:06] {Threei} US Labor Dept: California unemployment rate has hit 12.2%

[10:06] {dino} stec close to yesterdays lod

[10:06] {Threei} notes Nevada unemployment rate now 13.2%

[10:07] {Threei} market isn't very happy

[10:07] {Threei} but most are still green

[10:07] {Threei} here is interesting one for bounce: JNPR

[10:08] {dino} fuqi stopped -.28

[10:08] {Threei} strong earlier, hit new 52 week high

[10:08] {Threei} pulled back

[10:08] {Threei} let's see if gives clear indication of bottom

[10:09] {Threei} OK

[10:10] {Threei} usual ranges fpr bottom search,

[10:10] {Threei} 5 cents wide

[10:10] {Threei} .50 break long if holding .45

[10:10] {Threei} etc

[10:10] {dino} fuqi taunting me w/another try

[10:11] {dino} looks like aug gap fill

[10:11] {magoo} who .50 break?

[10:11] {Threei} here comes the bri... VVUS

[10:11] {nemo} baaaaaaaddddd

06[10:11] * Threei slaps magoo around a bit with a large JNPR sign

[10:12] {Threei} lost support, so now next range is .40 - .45

[10:12] {Threei} VVUS, can't really give entry, if you get a feel for momo - try get in on pullbacks

[10:12] {Threei} not a breakout stock

[10:12] {Threei} molst momos aren't

[10:13] {magoo} out MGM .17

[10:13] {magoo} ty boss

[10:14] {Threei} me?

[10:14] {Threei} never called it

[10:14] {magoo} take thge credit..go ahead..helps your room log

[10:14] {Threei} lol

[10:14] {nemo} edit magoo 10:14

[10:15] {magoo} [10:00] {magoo} MGM interesting vad

[10:15] {Threei} and insert my genius call instead?

[10:15] {magoo} [10:03] {magoo} in MGM

[10:15] {magoo} [10:03] {magoo} .03

[10:15] {Threei} yup... that's exactly what I do {G}

[10:16] {Threei} haven't you all seen a call "sell your farm and family and buy all VVUS you can at 11"?

[10:19] {Threei} VVUS is about to break next level

[10:19] {magoo} AIG held well

[10:22] {Threei} 12 on horizon

[10:22] {Threei} ok... fess up, who went for VVUS

[10:22] {nemo} for me...momo...nono

[10:23] {nemo} dino fuqi break of 28?

[10:23] {nemo} damn

[10:23] {Threei} 12

[10:23] {Threei} DNDN strangely meek

[10:23] {Threei} expected much more life in it

[10:24] {ese} me too

[10:24] {ese} have been watching it most of the morning

[10:24] {dino} stec sm l .60

[10:25] {ese} am planning to go long either at .50 or at yesterdays high .79

[10:25] {dino} bpfh to .76

[10:27] {dino} fuqi big rinse

[10:27] {dino} bpfh stopped/cov +.14

[10:32] {fernp} out here JNPR +.10 ty Vad

[10:32] {Threei} :)

[10:33] {Threei} good to havce those starndard plays in your arsenal

[10:33] {fernp} :)

[10:36] {ese} l dndn 1/2 .10

[10:37] {magoo} vad..DNDN trying

[10:38] {Threei} no real oomph...

[10:38] {Threei} things don't have zest for life today

[10:39] {dino} perhaps its an irish spring day then

[10:39] {dino} was for me

[10:39] {nemo} oy

[10:42] {magoo} i hope u got all the nooks and crannies dino

[10:42] {nemo} isn't that english muffins?

[10:43] {nemo} how many licks to get to the center mags?

[10:49] {Threei} VVUS pullback becomes interesting

[10:49] {ese} daaaa.....godd thing that dndn position is just a dabble

[10:50] {ese} good

[10:50] {ese} hmmm is dabble a trading word

[10:50] {Threei} .40 is nice support to bounce off

[10:51] {Threei} give us one more dive VVUS

[10:51] {ese} give us one more dabble VVUS

[10:51] {ese} nahhhhhhh just doesn't work

[10:51] {Threei} BAC BoA Pres of Global Banking Moynihan: could see as many as 500 banks fail (17.69, +0.08, 0.45%)

[10:52] {Threei} Long Setup: HIG 27 break

[10:52] {Threei} if holding above .90 of course

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {dino} fuqi l .72

[10:54] {Threei} triple lot?

[10:54] {magoo} 6k

[10:54] {Threei} where are 3 more ins then?

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {magoo} in

[10:55] {Threei} theree you go

[10:55] {Threei} make it easy for us who can't count

[10:55] {magoo} i think DBDNgonna do it

[10:55] {magoo} sheesh

[10:55] {magoo} DNDN

[10:55] {Threei} you know there are three categoriwes of people, right?

[10:55] {Threei} those who can count and those who can't

[10:57] {dino} lphio l .59

[10:58] {Threei} come on market, no shakeouts

[10:59] {Threei} grrrr

[10:59] {magoo} grr

[10:59] {magoo} grrr

[10:59] {fernp} no go

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {Threei} lol

[11:00] {Threei} ah come on

[11:00] {ese} you guys........

[11:00] {nemo} transition week

[11:00] {ese} or girls....as the case may be

[11:01] {dino} fuqi to flat stalled

[11:02] {ese} wanted to try that dino but did not have the nerve

[11:03] {dino} you.....wow

[11:03] {dino} stopped flaty

[11:03] {ese} have got my little safe DABBLE in dndn going

[11:04] {dino} bustin' ya

[11:04] {ese} yup

[11:04] {dino} someone kick stec in the butt upwards

[11:05] {dino} fuqi big drop

[11:08] {ese} your long .70 right.....27.70 or 28.70

[11:09] {nemo} huge volume today

[11:10] {dino} fuqi .34 l

[11:10] {ese} oh.....thouht i saw post that said .72 or something

[11:11] {Threei} Long Setup: UAUA .46 if holding above .40

[11:12] {dino} stopped the .72 flat see above reloaded now

[11:14] {ese} l arna .98

[11:15] {Threei} HGSI Hearing renewed takeover chatter circulating

[11:15] {Threei} - PFE again rumored as potential acquirer (19.60, +0.25, 1.29%) (related PFE )

[11:16] {Threei} rumor machine is back to work

[11:16] {Threei} what a nice racket

[11:17] {Threei} buy, start a rumor, sell

[11:17] {Threei} I need to move to Rumor City

[11:18] {magoo} freakin ARNA going

[11:19] {Threei} STSI

[11:19] {ese} out arna .16 +.18 9k of it

[11:19] {Threei} STSI Hearing chatter court case will be retried against RAI (1.06, +0.12, 12.77%) (related RAI )

[11:19] {dino} fuqi stopped asgain -.15 sheesh

[11:19] {ese} arna moving faster than stink

[11:20] {ese} vad...it's got all of your required volume and quickness too it

[11:20] {Threei} - Note: STSI had previously lost its case against RAI and ifiled motion for new trial in the patent infringement case

[11:20] {ese} X and sales just zippin by

[11:20] {ese} wow

[11:21] {magoo} A

[11:21] {magoo} R

[11:21] {ese} still goin...arna

[11:21] {magoo} N

[11:21] {magoo} A

[11:22] {magoo} rude of u

[11:23] {fernp} aig double bottom?

[11:23] {dino} palm

[11:24] {Threei} it's so close to a stop level, why not try fern

[11:24] {Threei} based on risk alone

[11:24] {fernp} i am in

[11:24] {ese} could be a few days of this for arna.......smarter public next...stupid public day after that

[11:25] {Threei} so what changed since morning on ARNA??

[11:25] {ese} stage 3 trial in something went well

[11:26] {Threei} there is more to the story ese

[11:26] {ese} vad you would have gone 1/2 out and then let the rest ride i guess......

[11:27] {ese} i'm gonna have to buy into that......this would have paid off nicely

[11:28] {magoo} hgsi

[11:28] {ese} whats the rest of the story vad?

[11:29] {Threei} it was pre-announced yesterday after market and ARNA went up to almost 7

[11:29] {ese} huh......

[11:29] {Threei} but opened very low today on the unfavorable comparison of new drug with competitors

[11:29] {ese} iis that where it's headed

[11:29] {dino} out palm +.16

[11:29] {ese} 7

[11:30] {fernp} no go AIG

[11:32] {Threei} HGSI pullback is coming into bounce zone

[11:35] {dino} cedc l .00

[11:37] {Threei} rude shakeout under .50 is coming on HSI,

[11:37] {Threei} possibly under .40

[11:37] {Threei} then bounce

[11:37] {Threei} HGSI that was

[11:37] {nemo} DT on arna?

[11:38] {Threei} unless breaks

[11:38] {nemo} bye....

[11:39] {ese} l arna

[11:40] {ese} .51 out .61

[11:41] {ese} wow this thing

[11:41] {nemo} maybe close the gap today

[11:41] {dino} hgg

[11:42] {Threei} wow

[11:42] {Threei} guess who is on TV

[11:42] {Threei} and this time it's not who you think

[11:43] {nemo} Barney Frank

[11:43] {Threei} VCLK

[11:43] {Threei} breaks 52 weeks resistance

[11:45] {Threei} disgusting day today

[11:45] {nemo} agreed

[11:45] {Threei} can't get into even smooth flow of trades

[11:46] {nemo} so who was on tv?

[11:46] {Threei} wife of who you first thought of

[11:46] {nemo} Barney, I doubt, has a wife

[11:48] {magoo} VVUS

[11:48] {Threei} this is what I mean

[11:48] {Threei} disorderly spikes out of nowhere

[11:49] {dino} cedc out .14 +.14

[11:49] {Threei} no chart pattern to trigger a spike, no news

[11:49] {Threei} just spike

[11:50] {magoo} AIG looks better

[11:50] {Threei} Opposition to Health Care Plan Hits New High of 56%

[11:51] {dino} hgg s.25

[11:51] {Threei} look at VVUS 1 min

[11:51] {Threei} nicely shaped cup,

[11:51] {Threei} retreat now, handle in the making

[11:51] {magoo} yea'

[11:51] {dino} too soon

[11:51] {Threei} if holding .80, that's the handle bottom

[11:53] {Threei} now 12 - 12.02 break is C&H launch

[11:53] {Threei} and btw, look at daily

[11:54] {Threei} if this zone is broken, there is nothing but air up to 13

[11:57] {Threei} couldn't finish handle

[11:58] {dino} agco drop

[12:04] {dino} hgg to .11

[12:05] {fernp} HIG .86

[12:06] {dino} cov +.12

[12:07] {dino} hl agco l .47

[12:10] {fernp} out HIG +.10

[12:10] {Threei} nice one

[12:11] {fernp} ty

[12:14] {magoo} MGM

[12:14] {magoo} maybe lvs

[12:15] {nemo} palm may be DB?

[12:16] {Threei} LVS seems to be picking up the pace

[12:16] {dino} apc

[12:16] {fernp} i just opened .91

[12:17] {Threei} good spot mags

[12:17] {magoo} magoo faints

[12:17] {fernp} and out here +.10

[12:17] {magoo} huits head on keyboard..shorts millions LVS

06[12:18] * nemo sticks smelling salts in magoos ....

[12:19] {Threei} I don'

[12:19] {Threei} t t like PALM here

[12:20] {dino} nemo stec hit your target

[12:20] {nemo} huh? when? what? must have been channeling

[12:21] {nemo} oh, now I remember...ese ask?

[12:22] {nemo} mind of a moth

[12:22] {nemo} ty vad

[12:24] {Threei} VVUS... can't get rid of feeling this one is far from done

[12:24] {magoo} oh no

[12:25] {magoo} just came too

[12:25] {magoo} how'd i get short lVS??? :)

[12:25] {nemo} how'd they let you buy that many shares

[12:25] {nemo} or sell

[12:26] {magoo} i got connections

[12:27] {dino} wow 41-30 on a price reduction to 39

[12:27] {dino} hit my target from yesterday

[12:28] {Threei} doesn't act right, VVUS

[12:29] {Threei} again same thing... spike out of nowhere

[12:29] {dino} no magoo doesn't. they used to say that boy ain't right

[12:29] {magoo} thats anti-spike, right?

[12:33] {dino} giddy-up agco

[12:35] {Threei} JP) G20 leaders have agreed on a profit linked pay compensation - Nikkei news

[12:35] {dino} fuqi perhaps a re test in the making

[12:35] {Threei} US) President Obama has scheduled meeting with China's Hu on 9/22, Russia's Putin and Japan's Hatoyama

[12:35] {Threei} - meeting with world leaders in NYC at UN conclave, ahead of the G20 meeting in Pittsburgh Thursday and Friday of next week.

[12:37] {fernp} IACI strong

[12:37] {dino} agco to .85

[12:37] {magoo} AMR

[12:39] {dino} to .97

[12:42] {dino} to .07

[12:43] {Threei} ARNAagain

[12:45] {dino} out agco .17, +.70

[12:56] {Threei} PALM S&P places CCC rating on watch positive (13.90, -0.54, -3.74%)

[13:10] {nemo} vvus vad forming upward triangle

[13:12] {fernp} AMR .65 break?

[13:12] {Threei} I like it nemo, I just can't make myself trust it

[13:13] {Threei} can't tell AMR...

[13:13] {fernp} ok

[13:13] {nemo} big sell order @ .65

[13:13] {Threei} they work and fail delightfully random today

[13:14] {nemo} conspiracy theory: those damn algo computers screwing up the patterns :)...just kidding

[13:16] {patience} no, go on nemo, get vad going

[13:16] {nemo} hi patience....

[13:16] {patience} slow trading days, just 2 scalps in kinross....

[13:20] {dino} thats why you are patience

[13:20] {nemo} omg

[13:24] {Threei} ARNA Rodman & Renshaw, Inc. Cuts ARNA to Mkt Underperform from Mkt Perform, price target: $3 (timing uncertain)

[13:24] {Threei} hmmm

[13:24] {fernp} out AMR +.05

[13:25] {Threei} I guess it's safe to assume Rodman & Renshaw do not like ARNA

[13:25] {nemo} or weren't in it

[13:26] {Threei} see VVUS?

[13:26] {nemo} oy

[13:26] {fernp} exited too soon (again) :(

[13:27] {Threei} don't regret any of early exits today fern

[13:27] {Threei} very listless trading

[13:27] {fernp} you are right

[13:47] {dino} stec double bottom?

[13:47] {dino} l .24 stop .98

[13:49] {magoo} ALERT DNDN

[13:49] {magoo} DNDN

[13:50] {Threei} SEC's Shapiro: Expects to receive authority to require hedge funds to provide more detailed reporting to regulators

[13:50] {Threei} - notes that a merger with the CFTC could create 'efficiencies', but not expecting for such a merger to take place in the short term

[13:50] {Threei} - it is too early to determine how FNM and FRE can undergo reform

[13:50] {magoo} cant get pre mkt high ofdf my mind

[13:52] {Threei} NASDAQ at high or is it my hallucination??

[13:52] {Threei} 'cause I don't see much following among stocks

[13:52] {fernp} my hallucination too

[13:52] {Threei} like index exists by itself

[14:06] {dino} ice

[14:08] {dino} stec out .40, +.16

[14:12] {fernp} Have to go. Have a happy weekend everybody. down day here. Next week will be better. bya all

[14:12] {Threei} take care fern, not a stellar day by any means

[14:13] {Threei} good thing that I kept most calls to half lot

[14:13] {Threei} and to very tight stops

[14:13] {Threei} had this feeling of things not being right

[14:20] {Threei} Market Internals update at 2:00pmET

[14:20] {Threei} - NYSE volume 1.1B shares, abou 70% above its three-month average; advancers lead decliners by 1.3:1.

[14:20] {Threei} - NASDAQ volume 1.91B shares, about 35% above its three-month average; advancers lead decliners by 1.1:1.

[14:20] {Threei} - VIX index +0.9% to just under 24.00

[14:20] {Threei} - Note: Today is triple witching

[14:22] {Threei} who says even blind squirrel finds acorn once in a while? That squirell sure beats me today, lol

[14:22] {nemo} what's up so strong that the dow is up almost 60 points?

[14:22] {Threei} that is what keeps me puzzled

[14:22] {Threei} I don't see any signs of such strength or such volume

[14:23] {Threei} everywhere I look things are very slow

[14:23] {magoo} hows volume?

[14:23] {nemo} volume on the dow is a hair down. Naz about 120% S&P 100%

[14:23] {Threei} once every blue moon I have this feeling that I couldn't trade 25 cents for a phone call

[14:24] {Threei} today is just that

[14:24] {nemo} awwwww.....don't be so hard on yourself

[14:24] {nemo} let us do it

[14:24] {Threei} nah, it's fine

[14:24] {dino} hmmm not sure what a pay phone costs anymore

[14:24] {Threei} I'll manage

[14:25] {nemo} if you can fin one

[14:25] {nemo} find

[14:25] {dino} good point

[14:25] {dino} suppose thats a dieing industry

[14:25] {nemo} I was gonna' say...short stec below .40...boom

[14:28] {nemo} maybe stec short on pullback to .40?

[14:30] {dino} hgg

[14:31] {dino} thinking stec buy around lod

[14:31] {nemo} watch agco too

[14:39] {dino} stec, dk, could be attempting higher low higher high pattern. needs to break 30.62

[14:41] {nemo} agco might too

[14:42] {nemo} amazing 95% of all mortgages owned by government...FNM FRE

[14:44] {nemo} dino what do you think about BHI short?

[14:45] {Threei} but nemo... the blame is beinjg laid to the wall Street feet

[14:45] {nemo} of course

[14:45] {nemo} that's why the government took over auto industry too

[14:45] {Threei} it's them bad bankers who caused the crisis

[14:45] {Threei} never mond that marching orders were given by WH and Congress

[14:45] {nemo} never fail to take advantage of a crisis

[14:45] {nemo} good for communism

[14:50] {dino} hmmmm

[14:51] {nemo} no....it's ooooooooooommmmmmmmmmmmmmmmm

[14:51] {dino} oh yeah, and obama's resonible saleries to bankers, roflol, citigroup guy is getting $100 million.

[14:52] {dino} wow my spelling sucks

[14:52] {dptl} have a good weekend all

[14:53] {dino} u2 dp

[14:54] {dino} bhi? dk, break of .50 s imo, or here w/hod stop

[14:55] {dino} not thrilled w/it

[14:56] {dino} pcp

[14:58] {dino} www

[14:58] {Threei} take care dp

[15:00] {dino} hgg s .89 stop .02

[15:00] {Threei} SPPI To Raise up to $50 Million from Institutional Investors through 6.62M shares at $7.55 Per Share

[15:00] {Threei} - received commitments from institutional investors to purchase $50 million of securities in a regis... (7.31, -0.20, -2.66%) more...

[15:01] {ese} hey yous guys and girls........am poping back in from Vic High to say have a great weekend ....... had to go in early.....catch ya on monday

[15:01] {Threei} take care ese, have a good one

[15:01] {dino} cya es

[15:01] {nemo} by ese

[15:01] {ese} see ya vad.......am still L dndn with my little dabble and a small position in hban

[15:02] {ese} dinoo nemo....later

[15:02] {dino} nemo you were rigt on stec

[15:04] {nemo} this is really bad.....

[15:04] {nemo} I can't remember what I said..., although looking at the chart, did I say short around .35-40?

[15:05] {dino} .40 you said

[15:10] {nemo} stec bounce of lod

[15:16] {Threei} G20 leaders reportedly will not discuss interest rates; monetary policy; or USD at the Pittsburgh summit - unconfirmed report

[15:16] {Threei} - G20 will call for preparation of exit strategies and coordinate rhetoric

[15:16] {Threei} - Expects communique to remain unchanged with regards to global banking system and lending

[15:16] {nemo} so...I guess they will talk about it

[15:17] {nemo} Call me a cynic

[15:25] {nemo} aig took it's viagra

[15:26] {Threei} no fresh news

[15:28] {nemo} arna in a touchy spot

[15:29] {nemo} bear trap?

[15:29] {Threei} AIG...

[15:29] {Threei} .45 break maybe

[15:30] {Threei} if holdong .20

[15:34] {dino} hgg stopped -.12

[15:37] {dino} www l .85 stop .74

[15:39] {Threei} sigh

[15:40] {Threei} some days are just not meant to be

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 1.31B shares, about 56% above its three-month average; advancers lead decliners by 1.5:1.

[15:40] {Threei} - NASDAQ volume 2.37B shares, about 31% above its three-month average; advancers lead decliners by 1.2:1.

[15:40] {Threei} - VIX index if flat, at 23.65

[15:40] {Threei} - Note: Today is triple witching

[15:45] {Threei} OK guys, let's just end this useless day

[15:45] {Threei} havce a great weekend, see you all on Monday

[15:46] {nemo} Peace & Quiet

[15:51] {dino} out www .97 +.12

Sep 17 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Another quiet but profitable day. A few usual suspects, plus some new names: STEC, SLM...

Session Time: Thu Sep 17 00:00:00 2009

[08:15] {Threei} HYTM Enters into Agreement with Ford Motor Company for Catasys Integrated Substance Dependence Solution (0.70, 0.00, 0.00%) (related F )

[08:16] {nemo} what...breathalyzer ignition systems?

[08:18] {Threei} wow

[08:18] {nemo} wow what?

[08:18] {Threei} sigh

[08:18] {Threei} care to look at HYTM?

[08:18] {nemo} WOW!

[08:20] {Threei} took 1.10 on pullback

[08:21] {nemo} stop?

[08:21] {Threei} under 1

[08:21] {nemo} oh...my IQ!

[08:28] {magoo} hytm WOW

[08:29] {nemo} sigh

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 545K V 557KE; CONTINUING CLAIMS: 6.23M V 6.100ME

[08:30] {Threei} - Prior jobless claims revised from 550K to 557K

[08:30] {Threei} - Prior Continuing Claims revised from 6.088M ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )

[08:30] {Threei} US) AUG HOUSING STARTS: 598K V 598KE; BUILDING PERMITS: 579K V 583KE

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:42] {nemo} haroo

[09:03] {dino} gm all

[09:04] {nemo} dino

[09:04] {Threei} dino :)

[09:06] {lasertrev} gm

[09:06] {nemo} hello

[09:06] {Threei} trev :)

[09:06] {lasertrev} hi vad

[09:07] {dino} :)

[09:09] {cosmo} solars rising

[09:11] {ese} morning

[09:11] {Threei} cos, ese :)

[09:11] {cosmo} 3i:)

[09:11] {Threei} ese... ATVI performed admirably yesterday after youi left

[09:11] {ese} vad cos nemolaser

[09:11] {nemo} dude

[09:11] {Threei} broke .70, never lost .67 and slowly but surely went to .78... nice big shares player

[09:12] {ese} ouuuu let me take a look

[09:13] {Threei} also... look at daily

[09:13] {Threei} 12 break can be quite powerful launch pad

[09:13] {Threei} I am somewhat puzzled by sector though...

[09:14] {ese} yes i noticed it's daily yesterday

[09:14] {Threei} I mean... is it something that is rightly so strong in recession?

[09:14] {Threei} or who cares? :)

[09:14] {ese} not to mention it looks like a double bottom of some kind

[09:14] {Threei} ERTS for instance is much weaker

[09:15] {ese} hmmmmmmm interesting thought

[09:15] {Threei} and is exactly where I'd expect this sector to be at this point

[09:15] {ese} yes....watched that for a little bit as well

[09:15] {larisa} gm :)

[09:16] {Threei} larisa :)

[09:16] {ese} larisa

[09:16] {Threei} although on another hand... TTWO

[09:16] {larisa} vad, ese :)

[09:16] {Threei} shrug.. too much thinking

[09:17] {Threei} SPDE Zargis (majority owned by SPDE) receives FDA Clearance for Signal X6 Telemedicine Device; approval allows delivery to US Army

[09:17] {Threei} - received U.S. FDA clearance to market its new Signal X6 device. Zargis also announced the deliver... (3.25, 0.00, 0.00%) more... (related SI )

[09:17] {Threei} Zargis also announced the delivery of seven Signal X6 devices to the U.S. Army for deployment in six Department of Defense medical facilities.

[09:17] {Threei} - he recordings can be evaluated locally or, for locations where a cardiac specialist is not immediately available for consultation, transmitted through the Internet for remote evaluation. Signal X6 and our recently launched Zargis Cardioscan device were both designed for user-friendly digital heart sound analysis

[09:19] {magoo} what u stalking vad?

[09:19] {Threei} not much on radar so far

[09:20] {dino} tso, agp downgrades

[09:20] {Threei} HYTM, just in case

[09:21] {magoo} cross over 1 long ?

[09:23] {Threei} not sure

[09:23] {Threei} let's let it trade and see if it's a real player of low-priced piece of junk

[09:24] {Threei} SEED Reaches Agreement for Novel Glyphosate-Tolerance Gene (4.79, 0.00, 0.00%)

[09:24] {Threei} first "of" = or

[09:25] {dino} vphm

[09:27] {Threei} very uncertain opening

[09:27] {dino} sivb

[09:28] {cosmo} sqnm

[09:29] {Threei} 9:02:59 AM

[09:29] {Threei} Sequenom, Inc Launches SensiGene cystic fibrosis carrier screening test

[09:29] {Threei} - The test is available exclusively through the Sequenom Center for Molecular Medicine, a next-generation CLIA (Clinical Laboratory Improvement Amendments, 1988) molecular diagnostic laboratory and a wholly-owned subsidiary of Sequenom, Inc.

[09:29] {Threei} - States: "Test screens for 103 mutations and five variants, including the 23 mutations recommended by the American College of Medical Genetics (ACMG). This test has been shown to identify each of the 103 mutations and five variants through genomic DNA and DNA contro testing."

[09:32] {magoo} HIG again

[09:32] {dptl} good morning all

[09:32] {Threei} dp :)

[09:33] {Threei} SPDE jumped

[09:34] {Threei} HIG

[09:34] {Threei} bounce candidate

[09:35] {Threei} 28 break

[09:35] {Threei} stop under .90

[09:36] {magoo} LKVS MGM bouncer

[09:37] {Threei} anyone got HIG?

[09:37] {nemo} too fast

[09:37] {fernp} not here

[09:37] {nemo} already gone by your post

[09:37] {magoo} i did

[09:38] {Threei} feel free to exit

[09:39] {Threei} AXL Guides Q3 sales around $400M v $415Me; discloses entered revolving credit amendment and restatement agreement - filing (8.73, +0.60, 7.38%)

[09:39] {nemo} rimm

[09:39] {nemo} sorry

[09:45] {dino} no let me look es

[09:45] {dino} ohhhh

[09:46] {dino} pain drug ph ii

[09:46] {ese} yes

[09:47] {dino} pII seems bit early to hold such a jump, impo

[09:47] {dino} imo

[09:48] {ese} i think your right

[09:48] {Threei} Long Setup: UAUA .65

[09:48] {fernp} BRCM holding

[09:48] {Threei} if stays above .50

[09:48] {ese} i'd like to put a buy stop in at the days high and see what happens

[09:49] {Threei} Long Setup: LVS .60 break

[09:50] {dino} you short? where?

[09:50] {Threei} if stays above .50

[09:50] {ese} xnpt bstop .35 sm

[09:51] {ese} just wait on it and see what happens

[09:51] {magoo} in lvs

[09:52] {nemo} in

[09:52] {Threei} LVS 1:1, half out

[09:52] {fernp} out BRCM +.15 and out LVS +.10 TY Vad

[09:52] {Threei} :)

[09:53] {ese} nice one vad......imissed that call....."RATS"

[09:55] {Threei} UAUA intrigues me

[09:56] {Threei} LVS balance stop under b/e

[09:58] {ese} yes considering there seats sold is down

[10:00] {Threei} RJET...

[10:00] {Threei} SEPT PHILADELPHIA FED INDEX: 14.1 V 8.0E

[10:01] {fernp} YHOO

[10:01] {fernp} any news Vad?

[10:02] {Threei} YHOO Price Target raised to $23 from $20 at Barclays, maintains Overweight rating (16.99, 0.00, 0.00%)

[10:02] {fernp} thanks

[10:02] {Threei} Yesterday 16:11 YHOO Yahoo and MSFT have filed the paperwork with EU regulators for clearance being sought for their search deal - CNET

[10:02] {Threei}

[10:03] {ese} l fitb .36

[10:03] {Threei} Long Setup: AUY .47

[10:03] {Threei} if stays above .35

[10:05] {dino} stec

[10:06] {ese} cancelled bstop on xnpt

[10:07] {Threei} come on AUY

[10:07] {ese} dino you were right....it was too early for xnpt to hold that jump

[10:07] {dino} good spot es, i wanted one more biunce

[10:08] {Threei} you have .46 and then .50 to break

[10:08] {Threei} and off to races

[10:08] {dino} stec?

[10:08] {fernp} in

[10:08] {Threei} okay... one is down

[10:08] {Threei} one to go

[10:09] {Threei} chart wise, this one is clear to 12 once takes 11.50,

[10:09] {Threei} and after 12 sky's limit

[10:09] {Threei} concern is, it's a gold-related name

[10:09] {nemo} you goldbug, you

[10:09] {Threei} and gold is nt really the market I have slightest trust to

[10:10] {Threei} not in the least

[10:11] {fernp} out FITB ty ese grabbeb +.10

[10:11] {dino} whl s break .50 hl

[10:12] {ese} out fitb avg .44 +.08

[10:12] {ese} yes it was 20 of the little bugars

[10:12] {nemo} pavlov

[10:13] {ese} 20k

[10:14] {ese} this is a great job.....thats pretty much my day there

[10:14] {Threei} watching LVS for short

[10:14] {Threei} want to see a bounce closer to .60

[10:14] {nemo} I was thinking .50 but was watching auy

[10:14] {Threei} to short it with stop above .70

[10:14] {ese} ahhh fern....nice one

[10:15] {Threei} .50 break is actual setup yes

[10:15] {Threei} I am just trying to find better entry

[10:15] {Threei} with .50 short stop would have to be above .60

[10:18] {dino} cov wrl .20, +.30

[10:18] {ese} fern......good that you sold there just before moi......those 20k drove the price down

[10:19] {fernp} lol, true

[10:20] {ese} high 5 for the both of us

[10:20] {Threei} no bounce LVS

[10:20] {Threei} .50 was it

06[10:21] * Threei kicks AUY in the rear

[10:21] {Threei} Prez on TV

[10:22] {fernp} GLD is the gold etf, no?

[10:22] {ese} atvi vad.......nice slow steady climb....missed it

[10:22] {nemo} un........belivable

[10:22] {nemo} yes fern

[10:22] {ese} what being said nemo?

[10:22] {fernp} thanks nemo

[10:22] {nemo} what's the pres talking about?

[10:22] {ese} yes

[10:22] {Threei} scrapping missile shiled

[10:23] {ese} whats unbelivable

[10:23] {nemo} oh yeah eastern europe must be thrilled with him

[10:23] {ese} ahhhhhhhh

[10:23] {Threei} LVS jump

[10:23] {nemo} yeah

[10:23] {Threei} right into resistance

[10:23] {Threei} short with stop above .60 for scalpers

[10:23] {Threei} above .70 for day traders

[10:24] {Threei} 1;1

[10:24] {Threei} SEC's Shapiro: Will act upon money market funds within the upcoming months

[10:24] {Threei} - discussing corporate governance, says SEC shareholder proposals would strengthen oversight

[10:25] {ese} well it seems to me nemo that europe has wanted less US interference over there......is that not correct

[10:25] {Threei} (US) Pres Obama: Confrims that plans for ground based missile defense system in Eastern Europe have been changed

[10:25] {Threei} - Remain committed to strong policy of missile defense

[10:25] {Threei} - Iran, not Russia is focus of missile defense

[10:25] {ese} just getting back from Denmark i know thats the case there

[10:26] {ese} exactly

[10:34] {ese} ener on my radar

[10:35] {Threei} (US) Treasury Sec Geithner: Current home price stabilization are very encouraging

[10:35] {Threei} - No decision has been made to extend the first time home buyer tax credit; but will evaluate the idea carefully

[10:35] {ese} deeeeeennnndeeeeeeerroooooon dndn....makin acomback this one

[10:38] {ese} somebody liked what the president said......markets picking up steam

[10:38] {dino} stec sm l .85 wide

[10:38] {Threei} actually it's just opposite ese

[10:38] {Threei} market dropped when he said we end it,

[10:38] {Threei} and picked up qwhen Gates said we just deploy different technology

[10:39] {Threei} Short Setup: SPDE 8 break small shares

[10:40] {ese} l ener .06

[10:40] {Threei} stop above .20 - .25

[10:40] {Threei} Reportedly US Federal Trade Commission head is working on draft rule that could prohibit upfront fees for mortgage modifications

[10:40] {dino} out stec .55, +.70

[10:40] {ese} ahhhhhhh

[10:41] {ese} good guy bad guy thing

[10:44] {Threei} VIVO

[10:44] {Threei} VIVO Granted Special 510(k) Clearance to Add 2009 H1N1 Influenza A Virus Analytical Sensitivity Claim to the TRU FLU Test Package Insert (25.96, +0.52, 2.04%)

[10:45] {nemo} amed taking a beating this morning Dino

[10:45] {Threei} no worky SPDE

[10:46] {dino} yes watching it

[10:46] {dino} stec drops again

[10:46] {Threei} we seem to be back into pattern of morning trades being the only worthy game

[10:46] {Threei} then market goes into deep freeze

[10:47] {dino} hitk l .30

[10:48] {magoo} out dndn .87 TY ESE

[10:51] {magoo} wow, laid that .87 out and look

[10:51] {dino} tdg

[10:51] {ese} nice one mags

[10:52] {ese} good out as we say in golf

[10:53] {dino} evr at it again

[10:55] {Threei} ATVI slowly nears that 12

[10:59] {Threei} ese

[10:59] {Threei} have a look at HBAN

[10:59] {dino} hawk getting wide

[10:59] {Threei} could be your type of play

[11:00] {Threei} US Treasury to sell $43B 2-year notes, $40B 5-year notes, $29B 7-year notes

[11:03] {ese} out ener .08 +.04

[11:03] {ese} not sure of market direction

[11:04] {ese} sorry vad.....missed your message was concentrating on ener

[11:05] {ese} hban at .74 looks real good to me......market moving slightly lower though

[11:06] {Threei} US House Speaker Pelosi: Senate Healthcare bill has no affordability for middle class (related IYH )

[11:06] {nemo} as if any of them do

[11:10] {nemo} no worky auy

[11:11] {nemo} ?

[11:11] {Threei} you need my confirmation that it did print under .35?

[11:11] {nemo} no....

[11:12] {magoo} any read RIMM vad?

[11:12] {Threei} nope

[11:13] {nemo} ohhhhh Dinoooooo.....amed

[11:16] {Threei} they used to move in unison with AAPL mags

[11:16] {Threei} not the case

[11:18] {magoo} yera..late;y rimm under performs compared to aapl

[11:19] {magoo} any rread AMZN vad?

[11:19] {Threei} 90 break is temtping

[11:19] {magoo} 1 more ...read on DNDN?

[11:19] {Threei} with stop under .80

[11:20] {Threei} no

[11:20] {Threei} .50 break is a valid setuip but the stop is way too wide

[11:21] {ese} Lener .94

[11:23] {magoo} LVS dumps

[11:23] {magoo} in amzn

[11:25] {magoo} u readin AIG here vad?

[11:26] {Threei} not really

[11:26] {Threei} hectic trading, no patterns

[11:28] {Threei} AMZN 1:1 almost

[11:28] {Threei} don't let it turn into loss

[11:28] {Threei} out

[11:28] {magoo} out here .34 TY

[11:28] {dino} hitk to .47

[11:28] {Threei} .34

[11:29] {Threei} lol mags

[11:29] {magoo} good one :)

[11:29] {magoo} my lev 1 was slow..mnever saw it print just heard it exit

[11:30] {magoo} i took AIG cross 40

[11:30] {Threei} don't you love this headline:

[11:30] {magoo} when asked u

[11:30] {Threei} DFS CFO: Have not decided whether or not to repay TARP funds - conf call

[11:30] {dino} cramer getting giddy, buy, buy, buy

[11:30] {Threei} well... I guess top is very close

[11:31] {nemo} quite the climb for cat

[11:31] {ese} ya......hes worse than the media

[11:31] {dino} to .50 hitk

[11:31] {Threei} hard to believe someone so consistently wrong and regularly outed in public can still be so revered

[11:32] {ese} it's one of lifes big anomalies

[11:32] {Threei} White House Press Sec: Adjustment to missile plans involves no 'quid pro quo' with Russia

[11:32] {Threei} lemme translate:

[11:32] {dino} major slip hitk ave .44, +.14

[11:33] {nemo} Obama said "Daddy" to Putin?

[11:33] {Threei} we tried to buy Russian support by scrapping it but they told us to go sc*** ourselves, so we scarpped it with no benefit from Russia

[11:34] {ese} daddy ?

[11:34] {dino} grow a set obama, sheesh

[11:34] {nemo} nice on amzn, boys

[11:34] {Threei} that's new paradihm dino... speak softly and throw your big stick away

[11:35] {dino} unfortunately

[11:35] {dino} hl s tdg .51

[11:36] {Threei} correction: speak soflty and a lot

[11:39] {dino} and don't hurt their feelings

[11:40] {Threei} DNDN new 52 week high

[11:43] {dino} .66 bstop on tdg

[11:43] {ese} l hban .74

[11:44] {dino} stopped

[11:48] {magoo} vbad AMZN read here?

[11:48] {larisa} call him vgood, then he will help :)

[11:48] {Threei} no read

[11:48] {Threei} and guess who is on TV

[11:52] {nemo} amzn short vad?

[11:52] {Threei} [11:48] {Threei} no read

[11:52] {Threei} and larisa... I finally stopped laughing

[11:53] {larisa} :)

[11:53] {nemo} oh yeah, quick larisa

[11:59] {Threei} BCRX

[11:59] {Threei} Update: Rodman & Renshaw reiterates Market Perform rating on valuation

[11:59] {Threei} - Firm believes the initiatives undertaken this week to stockpile peramivir ex-US underscore BioCrysts potential global reach in supplying peramivir during the current pandemic, though could also be viewed as a signal that the company is facing a more protracted pathway to a potential EUA in the US than originally anticipated, and is therefore casting a wider net.

[12:00] {Threei} With the approval of H1N1 vaccines by the FDA and sufficient quantities to vaccinate the vast majority of the US population, we believe shares of BioCryst could trade lower and advise investors to wait for a better entry price.

[12:01] {Threei} (US) Fed Q2 Flow of Funds: Household wealth +$2T to $53.1T in total

[12:01] {Threei} (first gain in US household wealth since Q3 2007)

[12:03] {nemo} Hig Vad

[12:03] {Threei} ?

[12:07] {ese} ener stopped .79 -.15

[12:07] {ese} what the f^%$^% is going on there

[12:08] {dino} ?

[12:08] {larisa} ENER always thin trader

[12:10] {dino} drop

[12:10] {ese} i'll say

[12:11] {dino} say it

[12:12] {magoo} mkts barfing

[12:12] {dino} thx chuck fill 1 sh short neu .60

[12:12] {Threei} lol, you guys

[12:12] {patience} happiness for me magoo....i shorted gold this morning

[12:12] {Threei} markey ends green 8 days in a row, after months of relentless climb,

[12:13] {dino} good girl

[12:13] {patience} :)

[12:13] {Threei} right now it's down 6 points

[12:13] {Threei} and it results in "what the f^%$^% is going on there"?? :)

[12:13] {patience} tsx is down 72

[12:14] {nemo} damn interventionist...it's all fixed I tell ya'!

[12:14] {dino} somewhat

[12:15] {nemo} what somewhat?

[12:17] {Threei} see dino... some people must try hard to be irritating... others have it a s a gift, comes to them naturally

[12:17] {Threei} guess what category nemo's in {G}

[12:17] {dino} lol

[12:17] {nemo} nicest thing you've ever said to me

[12:17] {dptl} lol

[12:18] {nemo} where's that list...?

[12:28] {magoo} L

[12:28] {magoo} V

[12:28] {magoo} S

[12:45] {dino} mkt app lod

[12:57] {nemo} o.k. here goes..."We in anything Vad?"

[12:58] {Threei} I personally am in deep thoughts:

[12:58] {Threei} is it the reversal starting

[12:58] {Threei} or is it just another bull flag

[12:58] {nemo} bull flag, or bear flag?

[12:59] {dino} reversal day

[13:00] {nemo} ahhhh...Roshashana starts tomorrow...well Kol Yidre anyway

[13:00] {Threei} bull flah is a pullback in an uptrend

[13:00] {nemo} oh...I'm thinking more short term

[13:01] {larisa} should not we spike up before reversal? :) this reversal is too soft. what, traders decided to be nice to each other? :)

[13:02] {Threei} yesterday could qualify

[13:04] {Threei} gain was more than usual, volume increased too

[13:04] {Threei} then Cramer said buy everything'

[13:04] {Threei} and we do know his timing is impeccable

[13:05] {dino} red

[13:06] {dino} scanners

[13:06] {nemo} great movie

[13:07] {dino} did not see it

[13:07] {nemo} 1979 I think

[13:07] {dino} battle here

[13:08] {nemo} same year as Altered States

[13:10] {dino} cov neu -.11, bad entry

[13:11] {dino} ge l .45

[13:12] {ese} see you all in a bit

[13:12] {Threei} we'll be here

[13:14] {_kzender} spde?

[13:14] {Threei} no idea

[13:15] {Threei} should have died long ago

[13:15] {Threei} and still floating up there

[13:15] {Threei} as far as I am concerned, it should have been at 6 already

[13:17] {dino} they all float down here (pennywise)

[13:20] {Threei} AIG

[13:21] {Threei} looks ready to pop with any market help

[13:21] {nemo} .30 break

[13:23] {Threei} if want pullback entry, this is it

[13:23] {Threei} got .26

[13:23] {Threei} out .37

[13:23] {Threei} .36 sorry

[13:24] {Threei} who am I to turn down 2 seconds profit

[13:25] {Threei} (IT) Italian PM Berlusconi: G20 should focus on curbing speculation (related EUR/USD )

[13:25] {Threei} sigh

[13:25] {Threei} Italy should focus on curbing Berlusconi, IMO

[13:25] {dino} indeed

[13:25] {Threei} US House Agriculture Commitee Chair: Regulatory reform pace on OTC derivates is 'not acceptable'

[13:27] {Threei} California AG issues subpoenas to Moody's, Fitch and S (related MCO FIM.FR MHP )

[13:29] {Threei} .08 in

[13:29] {Threei} stop is self-explanatory

[13:32] {Threei} doesn't look right

[13:33] {Threei} out .21

[13:33] {Threei} thought of holding for bigger bounce initially but feels way too dangerous

[13:33] {Threei} loss of 39 can send it down screaming

[13:34] {Threei} HYTM Raises Approximately $7 Million in Registered Direct Offering (0.80, +0.10, 14.58%)

[13:34] {Threei} lol... perfect

[13:34] {Threei} register offering, publish morning news

[13:35] {nemo} It's manipulated I tell ya'

[13:35] {Threei} entered into definitive agreements to sell 9,333,334 shares of its common stock at a price per share of $.75 to institutional investors pursuant to a registered direct offering, representing gross proceeds of approximately $7M

[13:35] {Threei} - Investors will also receive warrants to purchase 2,333,334 shares of the Companys common stock. The warrants have an exercise price of $.85 per share and are exercisable at any time after the closing of the transaction and before the 3rd anniversary of such initial issuance da

[13:35] {Threei} anyone took AIG?

[13:35] {Threei} rare case when I can alert it in time... and you waste it

[13:35] {magoo} im in

[13:35] {magoo} waiting 43

[13:35] {fernp} me

[13:35] {Threei} whew

[13:35] {Threei} 43?

[13:35] {nemo} No...I confused it with the immediately preceding statement from the California AG, and was looking at those stocks

[13:36] {magoo} .43

[13:36] {Threei} nemo...your logic flow is... different I should say

[13:38] {Threei} I don't now mags... it certainly can go there

[13:38] {Threei} but things are very shaky today

[13:38] {Threei} just keep stop under 39 as if your sight and hearing depend on it

[13:38] {nemo} or go short when it does...

[13:39] {Threei} smell I don't mention since MTXX rid us of that

[13:39] {nemo} slick vad

[13:39] {dino} stec sm l .75 wide

[13:41] {dino} ge stopped .49, bad entry, +.04

[13:42] {nemo} you out mags?

[13:42] {Threei} SPDE... look at all the buying

[13:43] {magoo} out .40

[13:43] {magoo} TY vad

[13:43] {Threei} I swear this thing wants to revisit 9

[13:44] {Threei} welcome kind sir

[13:44] {nemo} got a fever vad?

[13:44] {Threei} well... can you blame me?

[13:45] {Threei} how often do I get a chance to alert in time on such monstrousity as AIG

[13:45] {Threei} and with stop 10 cents

[13:45] {nemo} 2 or 3 times a day

[13:46] {magoo} hougghts vad?

[13:52] {dino} lphi l .52

[13:56] {Threei} on what magoo?

[13:56] {Threei} see SPDE?

[13:56] {magoo} never mind

[13:56] {magoo} typed a long sentence and thats all camre up

[13:56] {magoo} my bad

[13:59] {nemo} stec capitulationg?

[14:01] {Threei} not even close

[14:01] {Threei} if it loses 32, I think you'll get one

[14:02] {dino} double bottom in making perhaps

[14:02] {dino} funny all i see is downgrade to 39

[14:03] {nemo} wow...stec volume 655% of normal

[14:04] {Threei} defended at Deutsche Bank

[14:04] {Threei} shrug

[14:04] {Threei} Congressional Budget Office: Climate bill could cut GDP 0.25-0.75% to 2010

[14:05] {Threei} sowhat's the problem... we have a lot of GDP

[14:05] {Threei} let's cut some

[14:05] {nemo} The Messiah said it would double electric bills

[14:05] {dino} wondering how the poor feel about that

[14:06] {nemo} let them eat cake

[14:06] {Threei} they are promised to be compensated by higher taxes on rich

[14:06] {nemo} yeah, and the feds said up to a month ago, that they'd spend 2trillion less than they will now

[14:07] {nemo} we're under 32, next target .83

[14:07] {dino} that is why hookers are better than politicians

[14:07] {dino} med drop

[14:09] {Threei} .25 long half lot

[14:09] {Threei} STEC'

[14:09] {dino} sm l med .00

[14:10] {Threei} feels like done dropping

[14:10] {Threei} unless something bad happens with market again, candidate for move to 33

[14:10] {fernp} stop under 32, no?

[14:10] {Threei} yeah, that's why half lot

[14:13] {Threei} 1:1

[14:13] {fernp} ty Vad

[14:13] {Threei} welcome

[14:14] {Threei} good boy STEC

[14:15] {dino} lphi to .59 stuck in mud

[14:19] {dino} med to .39

[14:20] {Threei} US House passes Obama plan to end private lenders making student loans; votes 253-171

[14:20] {Threei} and SLM is not zero?

[14:21] {nemo} public/private

[14:21] {Threei} what do I miss?

[14:21] {nemo} quasi

[14:23] {Threei} SLM gets boost from that

[14:24] {nemo} you of all people looking for logic in the market...

[14:24] {Threei} am not

[14:24] {nemo} are too

[14:24] {Threei} looking for what I don't understand about their business model

[14:24] {nemo} back-door payola ;)

[14:25] {Threei} lol

[14:25] {dino} out med .39, +.39

[14:25] {Threei} brown envelop under the table?

[14:25] {nemo} Barney Frank's office you know...

[14:26] {dino} yuk

[14:27] {nemo} C&H cat???

[14:28] {Threei} more or less... but why so emotioanl?

[14:28] {nemo} nope

[14:28] {nemo} level of confusion

[14:29] {nemo} that was weird...the candle from 5 minutes ago just moved...

[14:30] {nemo} must have eaten the wrong mushrooms

[14:30] {Threei} I always thought drinking and trading is a funny mix

[14:30] {nemo} told you...not drinking anymore...ruins my sleep

[14:30] {dino} maybe thats why i don't sleep well

[14:31] {nemo} age contributes also

[14:31] {magoo} vad, DNDN readf here? 30 comith?

[14:31] {nemo} interesting to see wht stec does here

[14:32] {Threei} momo mags... no technical read

[14:33] {dino} that analyst has some following on stec, sheesh

[14:38] {nemo} pullback dndn

[14:41] {dino} out lphi .60, +.08

[14:42] {nemo} 3080 next resistance for stec

[14:42] {dino} stec capit

[14:42] {nemo} support

[14:42] {nemo} sorry

[14:43] {dino} np

[14:44] {Threei} scalp alert

[14:44] {dino} how about a bottom call on it

[14:44] {Threei} SLM, .05

[14:44] {Threei} if stays above 9

[14:44] {nemo} 30.83

[14:46] {dino} reminds me of amed last week

[14:47] {nemo} yeah, should be good next couple of days

[14:49] {dino} hmmm thought 29.90, not happening, kill bid

[14:50] {nemo} look on hourly chart

[14:51] {dino} lphi again .65

[14:51] {nemo} see ya 2morow

[14:52] {Threei} who?

[14:52] {nemo} Harvey

[14:52] {nemo} sheesh

[14:52] {dino} cya nemo

[14:52] {Threei} oh come on dino

[14:53] {Threei} I just wanted him to taset his own medicine {G}

[14:53] {magoo} DNDNM

[14:53] {nemo} how is that like me?

[14:53] {Threei} what?

[14:54] {nemo} ya know, could you delete the logs every weekend...If my parole officer finds them, he might have me committed

[14:54] {Threei} yeah right

[14:54] {dino} tough crowd

[14:55] {nemo} the market is unkind...it treats the sheep like sacrificial strawdogs

[14:55] {nemo} the trader is unkind...he eats his own!

[14:58] {magoo} and bodily functions are unkind...a pee just cost me :)

[15:00] {Threei} the things we learn...

[15:00] {dino} you should've heard him yell

[15:00] {Threei} no thanks

[15:00] {Threei} mental image is more than enough for me

[15:02] {dino} stec thoughts?

[15:03] {Threei} I seriously dislike it

[15:03] {dino} run dmc stock, "it's tricky"

[15:04] {Threei} it needs to sit olut a few days

[15:10] {magoo} nemo needs to sit out a few too

[15:13] {fernp} have a nice evening everybody. see u tomorrow

[15:13] {Threei} take care fern

[15:19] {Threei} SLM hot 1:1

[15:19] {Threei} hit

[15:19] {jmb} Thanks Vad SLM

[15:20] {Threei} :)

[15:21] {magoo} vad, i need a good trade here, lil risky..big reward type..ok?

[15:21] {magoo} like 4 : 1

[15:24] {Threei} DNDN

[15:24] {Threei} risky and nice potential

[15:24] {magoo} in it

[15:24] {Threei} from where?

[15:24] {magoo} well

[15:25] {magoo} i had it awhile

[15:25] {Threei} ok... why do you need another one??

[15:25] {magoo} um..in case no worky

[15:25] {magoo} in aapl too

[15:25] {magoo} aapl from .20

[15:26] {dino} stec bounce

[15:43] {dino} out lphi .71, +.06

[15:58] {dino} thx all, gotta hop

[15:58] {Threei} thank you all

[15:58] {Threei} hace a good evening, see you tomorrow

[15:59] {lasertrev} see ya

[15:59] {larisa} bye all

[16:03] {dptl} have a good evening all

[16:03] {Threei} ARNA

[16:03] {Threei} Arena Pharmaceuticals Inc To Host Conference Call and Webcast on Friday, September 18, 2009, to Discuss Results from the BLOSSOM Phase 3 Trial of Lorcaserin for Weight Management

[16:03] {Threei} - The company today announced it will hold a conference call and webcast presentation on Friday, September 18, 2009, at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time) to discuss top-line results from BLOSSOM (Behavioral modification and LOrcaserin Second Study for Obesity Management), the second of two pivotal trials evaluating the safety and efficacy of lorcaserin for weight management.

Sep 16 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Some nice plays on AIG, HIG, LVS etc. Aftrenoon boredome continues though, market stays locked in a very narrow range for hours.

Session Time: Wed Sep 16 00:00:00 2009

[07:56] {magoo} ujasdushafdUkCGhgyu

[07:56] {nemo} nagog dherinan

[07:58] {nemo} think aig gets off the mat this morning...5 minute looks possible

[07:59] {magoo} dnnob

[08:00] {nemo} up 1.20 off the bat

[08:03] {nemo} looks like lvs wants to hit that 21 target

[08:08] {Threei} Yesterday 19:13 LVS Reportedly, Mad Money's Cramer raised price target to $22-25;

[08:09] {magoo} ah

[08:09] {magoo} amzn upgraded

[08:09] {magoo} 103 target i think

[08:11] {nemo} he was touting flex yesterday too

[08:11] {nemo} that's up 10%

[08:14] {magoo} vad, any news AIG?

[08:15] {Threei} Tuesday, September 15, 2009 7:43:21 PM

[08:15] {Threei} (US) SEC has established a unit to investigate life-insurance settlement products - WSJ

[08:15] {Threei} - The unit will examine the securitization of policies and investors knowledge levels regarding the products.

[08:15] {Threei} **Note: On 9/6, the NYT reported that some Wall Street firms might seek to securitize life-insurance policies.

[08:15] {nemo} none that I see

[08:18] {magoo} wheres a good bounce entry LVS vad iyo?

[08:19] {Threei} no clear idea

[08:19] {Threei} GM CEO: Expecting US car sales this month to be 'very much down' y/y

[08:19] {Threei} heh

[08:20] {nemo} On "The Kirk Report" guy went to a couple of local dealers after "Cash for Clunkers" ended. Sales fell off the map

[08:20] {magoo} any read TRCW?

[08:22] {magoo} anyone know if a laser hard stop worx pre mkt?

[08:23] {nemo} call trev :)

[08:24] {magoo} yea..he is west coaste

[08:24] {nemo} even better...

[08:30] {Threei} *AUG CONSUMER PRICE INDEX M/M: 0.4% V 0.3%E;

[08:30] {Threei} Q2 CURRENT ACCOUNT BALANCE: -$98.9B V -$92.0BE

[08:35] {fernp} good morning everybody

[08:35] {Threei} fern :)

[08:35] {nemo} haroo

[08:36] {magoo} adbe news vad?

[08:37] {nemo} bought omniture

[08:37] {Threei} Yesterday 16:06 ADBE Reports Q3 $0.35 v $0.34e, R $697.5M v $686Me

[08:37] {Threei} - Guides Q4 EPS $0.33-0.39(ex items) v $0.37e, R$690-740 v $720Me

[08:45] {magoo} LVS

[08:52] {ese} good morning

[08:53] {Threei} ese :)

[08:53] {nemo} dude

[08:53] {ese} dudes

[08:53] {magoo} dude

[08:54] {ese} dude

[08:55] {nemo} oh jeez

[08:55] {magoo} dude?

[08:55] {nemo} What have I done...

[08:55] {ese} like hey....yaaaaaaaa

[08:57] {brian3579} gm all

[08:57] {Threei} brian :)

[08:57] {ese} dude

[08:58] {ese} nm

[08:58] {magoo} dude

[08:58] {cosmo} ACAS

[08:58] {ese} opps sorry nm is just one i'm lookin at ...nuttin special eh

[09:00] {Threei} (US) Fed's Spokesperson: Confident Fed can adjust monetary policy without supplementary financing program

[09:02] {Threei} UAUA Discloses Q3 capacity to be down -5.9%; traffic down 3-4% - filing (8.79, 0.00, 0.00%)

[09:04] {Threei} with usual caveat of pre-market heightened risk... LVS, .40 break if stay above .30

[09:05] {dino} gm all

[09:05] {nemo} dude

[09:05] {Threei} dino :)

[09:05] {magoo} dude

[09:06] {lasertrev} good morning all

[09:06] {nemo} magoo...look

[09:06] {Threei} trev :)

[09:07] {magoo} dude:)

[09:08] {magoo} hey trev, do u know if laser hard stoips work pre and post market trading? i believe they do not for some reason

[09:08] {nemo} Vad, question: LVS on .40 break, monring high @ .46, risk reward worth it?

[09:09] {Threei} .46 huigh is not significant

[09:09] {nemo} o.k.

[09:11] {magoo} we shall see

[09:13] {lasertrev} dont think so

[09:14] {lasertrev} dangerous because of fill price

[09:14] {lasertrev} unless u set a limit stop

[09:15] {Threei} AUG INDUSTRIAL PRODUCTION: 0.8% V 0.6%E; CAPACITY UTILIZATION: 69.6% V 69.0%

[09:16] {larisa} gm :)

[09:16] {nemo} dudess

[09:17] {Threei} larisa :)

[09:20] {ese} auch du miya.........cramer sets a target of $264 for AAPL........usuallly a death wish when he says something isn't it?

[09:25] {ese} dndn ..... keeps going up....except when it doesn't

[09:25] {nemo} thanks yogi

[09:26] {ese} hey anytime

[09:26] {nemo} "It gives you cash, which is almost as good as money"

[09:26] {nemo} You probably don't see those commercials up there

[09:26] {ese} no haven't seen that one yet

[09:27] {nemo} AFLAC commercials

[09:27] {ese} ahhhhh

[09:29] {Threei} (US) Senator Baucus releases healthcare reform bill

[09:30] {nemo} 35% tax on any health plan benefits deemed excessively expensive

[09:31] {magoo} CAT rox

[09:31] {nemo} can't short it per SEC...go figure

[09:32] {magoo} MGM big green candle

[09:32] {Threei} Long Setup: UAUA 9.10

[09:32] {Threei} if stays above 9

[09:34] {Threei} LVS, long on pullback

[09:34] {Threei} just under .50

[09:34] {Threei} .50 crosback

[09:35] {Threei} if holding .40

[09:36] {Threei} no go

[09:37] {dptl} good morning all

[09:37] {Threei} dp :)

[09:42] {dino} amed l .00

[09:42] {Threei} Long Setup: AIG

[09:42] {Threei} .80 break

[09:42] {Threei} half lot, if stays above .60

[09:43] {Threei} 1:2

[09:43] {fernp} ty very much

[09:43] {Threei} :)

[09:44] {ese} out ntap from yesterday .86 +.08

[09:45] {dino} lphi l .99

[09:52] {Threei} HIG looks like potential runner

[09:52] {Threei} let's see if we get pullback

[09:52] {nemo} pten...very rude

[09:53] {Threei} HIG

[09:53] {Threei} .05 long

[09:54] {Threei} stop for scalpers under 26

[09:54] {Threei} for day traders under .95

[09:55] {dino} apol hl .00 l

[09:56] {dino} lphi stuck stop is .88

[09:57] {Threei} HIG 1:1

[09:57] {fernp} ty again

[09:58] {Threei} grr... couldn't alert in time AIG .10 break... didn't want to chase

[09:59] {dino} amed to ,12

[09:59] {magoo} out 40.70 AIG TY vad $K

[09:59] {magoo} 4k

[09:59] {dino} apol is .69

06[09:59] * Threei slaps magoo around a bit with a large roll of cash

[09:59] {dino} amed to .18

[10:01] {dino} big slip amed out ave .12, +.12

[10:05] {nemo} aig pullback

[10:06] {Threei} Euro vs US Dollar Dealers noting of a US think tank report on Fed accomodation- Reportedl the think tank stated that two Fed members have been discussing the removal of accomodation sooner rather than later and noted that these members moving from neutral to tilting hawkish in bias.

[10:08] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:08] {Threei} **consensus expectations:

[10:08] {Threei} Crude: -2.5Me

[10:08] {Threei} Gasoline: +750Ke

[10:08] {Threei} Distillate: +1.5Me

[10:09] {Threei} Long Setup: IACI .30

[10:10] {Threei} if stays above .20

[10:10] {Threei} not a scalp for me

[10:11] {dino} cfsg l .50-

[10:12] {nemo} nice dino

[10:13] {ese} L nuan .38

[10:13] {dino} out .80 +.30

[10:13] {nemo} steve miller trade

[10:13] {Threei} LDK Hearing vague takeover chatter circulating (10.06, +0.40, 4.14%)

[10:13] {Threei} bunker at work

[10:13] {fernp} gj dino

[10:13] {dino} ty

[10:15] {dino} lphi tighten to .97

[10:16] {Threei} HIG 1:2

[10:16] {dino} apol not working tighten to .80

[10:16] {Threei} feels like going to above .50

[10:18] {dino} apol stopped -.20

[10:19] {dino} titn l .1-

[10:19] {dino} .10

[10:19] {Threei} .35 yesterday's high HIG

[10:20] {nemo} premarket was .53

[10:20] {dino} evr

[10:20] {nemo} what time was that high on your chart Vad?

[10:21] {Threei} I don't have it

[10:23] {dino} lphi out flat

[10:24] {fernp} WFC Vad?

[10:24] {Threei} BCRX Hearing weakness being attributed to cautious comments out of biotech analyst at street.com (11.08, -0.59, -5.06%)

[10:25] {Threei} AIG

[10:25] {Threei} .25 long

[10:25] {Threei} if holding above .10

[10:26] {dino} titn stopped -.15

[10:26] {nemo} pivot .97 on aig

[10:28] {fernp} IACI is still valid?

[10:28] {Threei} I doubt it

[10:29] {dino} agco l .00

[10:29] {magoo} in aig

[10:30] {Threei} *DOE CRUDE: -4.7M V -2.5ME; GASOLINE: +547K V +750KE; DISTILLATE: +2.25M V +1.5ME; CAPACITY UTILIZATION: 86.9% V 86.7E.

[10:30] {Threei} - Distillate demand K bpd to M bpd

[10:30] {Threei} - Gasoline demand K bpd to M bpd (related USO OIH )

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 345M shares, about 25% above its three-month average; advancers lead decliners by 1.7:1.

[10:31] {Threei} - NASDAQ volume 645M shares, about 15% above its three-month average; advancers lead decliners by 1.3:1.

[10:31] {Threei} - VIX index -0.1% to just below 23.50

[10:32] {dino} out .19, +.19

[10:40] {Threei} how about that, HIG

[10:40] {dino} lphi l .02

[10:41] {Threei} [10:16] {Threei} feels like going to above .50

[10:41] {magoo} nice vad

[10:41] {dino} agco l .50

[10:41] {nemo} you still in?

[10:41] {Threei} no

[10:42] {ese} ok.... my brother reads this blog from Toronto after hours........so he calls me just when the first run up in nuan happened....i'm in at .38 it's now at .36....so bro you've cost me $169.00 to this point

[10:42] {nemo} not an investor?

[10:42] {fernp} out WFC +.12

[10:42] {ese} that post was for my brothers benefit.......

[10:43] {ese} trying to convince him he should be on this board

[10:43] {dino} out agco .62 +.12

[10:43] {nemo} ese and hermano....

[10:43] {ese} definately

[10:46] {ese} out nuan .46 +.08...........

[10:46] {nemo} 20k of the little buggers?

[10:46] {dino} whr

[10:46] {ese} no just 6k

[10:47] {ese} $400 bucks and change

[10:49] {ese} and held that for too long nemo...way too long. if it was 3 ok but 6.....that really went against my grain

[10:49] {dino} hsii l .51

[10:50] {magoo} any read MGM or LVS vad?

[10:51] {fernp} in LVS .61

[10:53] {Threei} if market starts new leg up, LVS and UAUA should break

[10:53] {Threei} UAUA does as we speak

[10:53] {Threei} LVS is about to

[10:54] {fernp} 1:1 LVS

[11:02] {nemo} wow, market dies before lunch

[11:03] {dino} ?

[11:03] {nemo} quiet

[11:04] {dino} ahhh

[11:04] {dino} usual

[11:05] {Threei} NY Fed: Purchased $1.8B in $300B outright coupons purchase; Dealers submitted $16.39B for consideration (bid to cover 9.11)

[11:08] {Threei} Opposition to Health Care Reform Reaches New High at 55%

[11:08] {Threei} 12% Say Most Opponents of Obama Health Care Plan Are Racist

[11:09] {ese} l flex .59.......lousy fill

[11:09] {nemo} jimmy carter did

[11:09] {Threei} must be true then

[11:09] {nemo} another cramer stock ese

[11:09] {ese} nice....... right when the market tanks a little.........Grrrrrrrrrreat timing

[11:10] {ese} naw....didn't see this one on cramer

[11:10] {ese} did you nemo?

[11:11] {nemo} Dan fitzpatrick said so

[11:11] {nemo} I can't watch Cramer...upsets my stomach

[11:11] {ese} whos....this Dan whatever

[11:11] {nemo} and I've got an Italian stomach

[11:11] {nemo} chart guy

[11:12] {ese} on cramers site

[11:12] {nemo} I think so...haven't been there in so long, forgot the url

[11:12] {ese} hmmmmmmm ....no need to find it for me......can't stand cramer or his co-horts either

[11:13] {magoo} HIG gettin stupid

[11:13] {Threei} with any market help, UAUA is likely to go to 9.50

[11:15] {ese} and flex is gradually creeping up there also.....could be good with some market help

[11:16] {Threei} UAUA support is .10

[11:16] {Threei} see if you find entry point with confortable level of risk

[11:17] {Threei} should pull back some now

[11:17] {nemo} AIG beak of .90?

[11:19] {magoo} .93 rejected it 3 times

[11:20] {Threei} AIG is rarely a breakout stock

[11:20] {dino} agco double bottom?

[11:20] {Threei} it tends to jump off pullbacks

[11:21] {Threei} doesn't look right to me dino...

[11:21] {dino} thx

[11:21] {Threei} reather breakdown and new low

[11:21] {Threei} rather

[11:22] {dino} lphi stop to .16 jumpy

[11:23] {Threei} new low it is

[11:23] {dino} good call agco vad

[11:23] {Threei} UAUA not much of a pullback

[11:23] {Threei} glad to be of use

[11:23] {Threei} today is Wed, right?

[11:23] {Threei} my pledge is to be useful on Weds

[11:23] {dino} for awhile

[11:24] {Threei} UAUA increases speed

[11:30] {Threei} market is unhappy about something

[11:30] {ese} out flex .54 -.05

[11:30] {ese} goin nowhere.....

[11:30] {dino} lphi to .21

[11:31] {nemo} cramer stocks usually jump then crater

[11:31] {Threei} UAUA typical salmon behaviour

[11:31] {ese} man dino.....i'm checkin out all your stocks buts theres nothin to buy.......you have it all with that kind of volume

[11:32] {Threei} 9.50 on the horizon

[11:32] {magoo} ill be gone .44:)

[11:32] {nemo} gave no pullback either

[11:32] {nemo} ooh look at that volume spike

[11:32] {Threei} VNDA Hearing renewed takeover chatter circulating

[11:32] {Threei} - NVS rumored to be considering a bid. (14.03, +0.21, 1.52%)

[11:33] {Threei} lol

[11:33] {magoo} bye bye TY

[11:33] {Threei} Note that back on 9/10 Takeda rumored as a potential acquirer.

[11:33] {nemo} they must put drug company names on a dart board

[11:33] {Threei} no kidding

[11:34] {nemo} 1st dart-the target 2nd dart-the acquirer

[11:34] {dino} crm l .68

[11:34] {Threei} 9.50 UAUA

[11:34] {nemo} gonna' need rehab on that shoulder, vad

[11:34] {ese} in and out uaua .40 .47 +.07

[11:34] {Threei} 20K little buggers?

[11:34] {nemo} nah, 3k

[11:35] {ese} 3k

[11:35] {nemo} see

[11:35] {nemo} ese has a comfort zone with fitb

[11:35] {ese} covered what i lost with flex

[11:35] {ese} definately

[11:36] {ese} speaking of fitb

[11:36] {ese} lets have a look

[11:36] {nemo} coma

[11:36] {ese} nahhhh...not yet....don't like the look of the daily

[11:40] {dino} out lphi .29, +.27

[11:41] {ese} l nuan .54

[11:42] {ese} phew....out nuan .58 just barely =.04

[11:43] {dino} ice

[11:43] {ese} workin on it

[11:44] {Threei} HIG will never stop?

[11:44] {nemo} market help

[11:45] {nemo} uaua going again?

[11:45] {ese} now how does that work......i had 6k of that ...it sold at .58 all of it......but there isn't 6k on the X and sales???

[11:45] {Threei} partials?

[11:46] {ese} hmmmm

[11:47] {ese} nice hig.....anyone playing it?

[11:47] {nemo} magoo must be

[11:48] {Threei} US) Fed: Nations's largest regional banks are being reviewed, have not decided whether or not to do full stress test

[11:48] {Threei} lol

[11:48] {Threei} did they stuck in 2008?

[11:48] {ese} he's too quiet.......gotta be long

[11:48] {nemo} or web surfing :)

[11:49] {ese} maybe just looking over dino shoulder watching an expert at work

[11:49] {ese} ouch......

[11:49] {nemo} poor dino

[11:50] {nemo} we have to give mags his props...he been hitting the ball well

[11:50] {ese} no retribution........thought sure i was gonna catch it there

[11:55] {dino} aes l .98

[11:57] {ese} l aes .99 small

[12:04] {dino} aes to .00

[12:05] {Threei} (IA) Iran OPEC Gov: OPEC is concerned that non-OPEC nations could capture share on rising demand for oil (related USO )

[12:05] {ese} out aes .07 +.08

[12:06] {ese} have an errand to run....tks dino catch you in a bit

[12:06] {dino} cya

[12:08] {Threei} UAUA is not following market anymore

[12:08] {nemo} after salmon breed...they die

[12:08] {Threei} and bald eagles come

[12:08] {nemo} brown bears

[12:08] {nemo} too

[12:10] {dino} out aese .09, +.11

[12:12] {Threei} (US) President Obama: Prepared to ease tensions over "buy America" provisions; sees no possibility of trade war with Canada (related USD/CAD EWC )

[12:16] {dino} agco

[12:17] {dino} .75 break imo

[12:17] {dino} giddy-up

[12:18] {Threei} beautiful

[12:19] {Threei} scalped to .87

[12:19] {Threei} ty dino

[12:19] {dino} don't mention it

[12:20] {dino} triggers are more reliable lately

[12:23] {Threei} crowds flock back in market

[12:23] {Threei} make setups more reliable

[12:24] {dino} makes sense, quarter multiples are back

[12:24] {Threei} we maneouvred out way through the market with no amateurs

[12:24] {Threei} now gotta get used to crowds participation

[12:25] {Threei} and become more reckless :)

[12:25] {dino} agree, i have been too conservative

[12:25] {Threei} me too

[12:26] {Threei} taking 20 cents where stock goes 2 bucks

[12:26] {nemo} Good news (not) here in Boston...health insurers to raise rates 10%

[12:27] {Threei} well, look at this:

[12:27] {Threei} (US) Joint tax panel: Over 10 years, fees on health insurance providers proposed by healthcare reform bill would raise $40.5B, medical device fee would raise $29.9B

[12:27] {Threei} - Drugmakers fees could raise $17.2B

[12:27] {Threei} who is going to pay those taxes eventuallya/

[12:27] {Threei} ?

[12:28] {nemo} idiots...duh....they just don't get it, but that gives them more money to redistribute

[12:29] {Threei} what esle to expect from administration whose chief of stuiff talks in terms "us against them", them being business

[12:30] {dino} larisa wants me to stay quiet on this subject

[12:30] {nemo} girl's got a long reach

[12:33] {Threei} I am not afraid of her

[12:33] {Threei} well... I am... but I am trying to keep face

[12:34] {larisa} sigh

[12:34] {nemo} I will refrain....breathe...in.....out...count to 1000

[12:34] {Threei} 1200 even

[12:34] {nemo} what S&P hit 1200?

[12:35] {Threei} you better pray we don't make you count to DJI high

[12:35] {nemo} aig might be bottoming

[12:36] {dino} dji wants 10k imo

[12:37] {Threei} it's really time for a juicy rumor on SQNM and MTXX

[12:38] {Threei} come on bunker

[12:39] {nemo} can short sell cat today

[12:41] {nemo} don't look at pten vad

[12:47] {ese} am back....looking over previous posts.....trade war??? Can't imagine getting into a war with dino and magoo.........i'd get my but kicked

[12:48] {dino} osk

[12:49] {nemo} newso on osk

[12:51] {dino} what is it nemo

[12:51] {nemo} sorry should have ended with "?"

[12:51] {nemo} I don't see any

[12:52] {dino} upgrade all i see

[12:54] {dino} someone needs 30 strike

[12:54] {nemo} military vehicle company that just signed big contract

[12:55] {nemo} Vad must be scalping this one

[12:55] {Threei} no

[12:55] {Threei} OSK Hearing vague chatter that a contract award from the US govt could be reversed in appeal by competing bidder (31.96, -0.39, -1.21%) (related NAV FRPT )\

[12:55] {nemo} ahhh

[12:56] {Threei} lwet's see if gives double bottom

[12:57] {Threei} any dive under 31 is of interest

[12:57] {Threei} half lot

[12:57] {Threei} as long as holding .70

[12:58] {magoo} osk u mean?

[12:58] {Threei} nice and easy

[12:58] {Threei} .98 in, .21 out

[12:59] {nemo} bottom ticks the pullback....sheeeshhhhhhhh

[12:59] {Threei} not really

[12:59] {Threei} was a few cents lower

[13:00] {Threei} and out too soon

[13:00] {Threei} but heck

[13:00] {nemo} oh yeah...sorry, you messed up big

[13:00] {Threei} that was asclp by design

[13:00] {Threei} too volatile

[13:00] {Threei} don't want to hang around too long

[13:00] {nemo} total feel...o volume indication to speak of

[13:00] {Threei} *SEPT NAHB HOUSING MARKET INDEX: 19 V 19E (highest since May 2008)

[13:00] {Threei} - no revisions to prior 18 (related XHB EUR/USD SPY SHY )

[13:02] {ese} L atvi .6195 to be exact

[13:02] {Threei} I wonder

[13:02] {Threei} is there ay chance public would approve of a plan that says:

[13:02] {nemo} oh no

[13:02] {Threei} every American MUSAT buy insurance or be fined

[13:03] {nemo} that's the way it is here in Massachusetts

[13:03] {nemo} osk forming range?

[13:03] {dino} the easiet way is to expand medicare, w/insurance companies offering medicare supplements. they always make it harder than has to be

[13:04] {dino} imo of course

[13:05] {Threei} I don't know nemo... OSK looks ot me like upo from these levels, but it's to volatilie for a more exact call

[13:09] {dino} .65 seems to be top

[13:10] {Threei} coming into bounce area again

[13:10] {ese} out atvi .69 +.07

[13:10] {ese} ok....now that was on 20k of the litle buggars

[13:11] {nemo} hehehehe

[13:11] {ese} those 2 little topping tails on the 1 min chart are my selling

[13:11] {dino} es, how tight is your stop ?

[13:12] {dino} 1:1?

[13:12] {ese} on that it would b .02

[13:12] {dino} ty

[13:14] {ese} i kinda wait for the X and sales to start increasing in speed......ala a conversation i had with vad eairlier......i pretty much know that the stop is not going to be in jeapardy

[13:15] {dino} thx

[13:17] {ese} i don't see fitb doing much of that anymore.....thats pretty much the reason i haven't done alot of the 20k hits for a while

[13:17] {dino} hard stops?

[13:17] {ese} no just finger on the trigger

[13:17] {dino} ok

[13:18] {ese} i have been burned like that though a couple of times....but so winners far outnumbering loosers

[13:18] {dino} osk

[13:18] {nemo} yeah

[13:18] {dino} you're doing great

[13:19] {ese} tks....for what it's worth i have learned from all of you on this board and seemed to come up with a system from everything i seen that seems to work for me

[13:20] {dino} million ways to do it

[13:20] {dino} gj

[13:20] {Threei} ATVI breaks again

[13:21] {ese} your gut sense dino of those stocks that are tanked 2 bucks or more and you seem to find the support ppoint is spectacular as far as i'm concerned

[13:21] {dino} need to trust it more, under-performing for about two months now

[13:22] {ese} i've followed you a couple of times there.....and it is tough....

[13:22] {ese} atvbi off again ...your right vad

[13:23] {ese} missed it....X and sales picking up

[13:23] {nemo} aig broke out o a C&H about 15 minuts ago

[13:24] {dino} out osk +.25

[13:24] {Threei} ummm... nemo, I can't help it

[13:24] {nemo} looked late

[13:24] {Threei} and the point in telling us about it NOW is?... :0

[13:24] {nemo} go ahead...hit me

[13:25] {ese} nice dino............i rest my case

[13:25] {magoo} read on HIG vad?

[13:25] {magoo} 28.50??

[13:26] {Threei} well... breaking out

[13:26] {dino} crm out +.06

[13:26] {Threei} how far - no idea

[13:26] {dino} sucks

[13:26] {Threei} it's at that silly stage where it can go couple bucks either way

[13:27] {nemo} lvs vad?

[13:27] {Threei} this one is interesting

[13:27] {Threei} can take a few tries,

[13:27] {dino} apol .90 l

[13:27] {Threei} but I'd dtasrt trying it for bounce

[13:27] {Threei} 20 break

[13:28] {Threei} dtasrt?

[13:28] {Threei} sigh

[13:28] {nemo} Siddhartha?

[13:28] {magoo} [13:28] {&Threei} dtasrt?

[13:28] {magoo} huh??

[13:35] {Threei} that trigger didn't happen, next one is coming soon

[13:35] {dino} agco lod

[13:36] {dino} evr s .,79 hl

[13:37] {nemo} broke low, going to close...

[13:38] {ese} signing off everyone.......have a great rest of the day....cya all tomorrow

[13:38] {Threei} take care ese

[13:38] {ese} see ya vad......

[13:40] {dino} apol stopped -.189

[13:42] {dino} apol rinsed

[13:54] {Threei} LVS becomes more and more tempting

[13:55] {dino} hitk l .00

[13:55] {Threei} OK

[13:55] {Threei} .40 if stays above .30

[13:57] {nemo} .25 pivot

[13:59] {dino} ese spike

[14:09] {nemo} triangle on mgm

[14:20] {Threei} double bottom is forming LVS

[14:21] {Threei} .15 long trigger

[14:24] {magoo} aqny read mgm

[14:24] {magoo} any

[14:25] {Threei} their charts are quite similar

[14:25] {Threei} no triggers

[14:26] {Threei} crap... I am about to start crying:

[14:26] {Threei} US) Former Fed Chairman Volker: It will take "a number of years" to recover from recession

[14:26] {dino} oine more whoosh mgm to 12.30 gap fri.

[14:27] {dino} lvs 18.15ish

[14:31] {Threei} what a dump

[14:31] {nemo} counting....

[14:47] {nemo} dino...see amed today?

[14:48] {dino} evr s .42 ave

[14:50] {dino} yes amed, played it at 39 for scalp

[14:50] {dino} bummer

[14:53] {nemo} wfc vad

[14:53] {Threei} '?

[14:54] {nemo} I'll take that as a "no"

[14:54] {Threei} take it for what it is: "what about it??"

[14:55] {Threei} someone types a symbol with my name attachee, I expect to see some thig extraordinary

[14:55] {Threei} maybe harsh selloff I missed,

[14:55] {Threei} maybe some very nice setup forming

[14:55] {Threei} looking, seeing garden varie'ty chart

[14:55] {Threei} one of 10,000

[14:56] {Threei} so I ask what about it?

[14:56] {nemo} double bottom possibly builing range above .08 would look for trigger in .15 area

[14:57] {nemo} so much for that range

[14:58] {Threei} AGN FDA posts warning letter over promotions for Latisse eyelash drug; claims advertisements were misleading (58.51, +1.43, 2.51%)

[14:59] {nemo} eyelash drug?

[15:00] {larisa} ads with brooke shields :)

[15:01] {dino} jeans?

[15:01] {nemo} long time ago dino

[15:01] {larisa} no, blink! and you have 1 feet eyelashes :)

[15:02] {dino} too bad

[15:02] {dino} brb

[15:09] {dino} evr cov while out +.20

[15:12] {dino} hbc sd .00

[15:12] {dino} s

[15:17] {fernp} have a good evening. see u all tomorrow

[15:18] {Threei} take care fern

[15:20] {Threei} ATVI... ese would be happy with .70 break

[15:20] {Threei} and many little buggers

[15:20] {dino} evr hod

[15:26] {dino} agco to .70

[15:27] {dino} out .72, +.32

[15:37] {dino} amed

[15:39] {dino} it's like they are buying the garbage that hasn't gone up yet., lots of $3 4 and 5 dollar movers on crap

[15:40] {dino} for lack of a better word

[15:40] {dino} hitk stopped .15 ave +.15

[15:40] {Threei} truer

[15:41] {Threei} -r

[15:41] {dino} blow off top coming imo

[15:42] {dino} mgm gap fill

[15:44] {Threei} LVS on its way too

[15:45] {dino} problem is gaps still below 11.12

[15:46] {larisa} AMZN has no sellers today :)

[15:46] {dino} 18.15, 16.74 16.28

[15:48] {dino} hbc stopped/cov -.05

[15:51] {Threei} AIG Board reportedly rejects new CEO's request for personal jet used for business purposes

[15:51] {Threei} - Spokesperson comments that there is no conflict between the board and the CEO

[15:52] {Threei} EBAY Skype founder group files copyright suit against eBay and investor group claiming they stole peer-to-peer technology - WSJ

[15:52] {Threei} - claims damages accruing at $75M/day

[15:52] {Threei} Market Internals update at 3:30pmET

[15:52] {Threei} - NYSE volume 1.19B shares, about 40% above its three-month average; advancers lead decliners by 4.5:1.

[15:52] {Threei} - NASDAQ volume 2.31B shares, about 27% above its three-month average; advancers lead decliners by 2.1:1.

[15:52] {Threei} - VIX index +1.75% to just over 23.50

[15:53] {dptl} have a good evening all

[15:53] {Threei} take care dp

[16:00] {Threei} thank you all

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

[16:00] {larisa} bye all:)

[16:00] {dino} gn all

[16:01] {lasertrev} see ya

Sep 15 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

First half of the day was not too bad with strong IACI and BCRX plays, and couple scalps/stops. Second half however was the embodiment of the boredom. Oh well.

Session Time: Tue Sep 15 00:00:00 2009

[08:06] {magoo} mornink comrades
06[08:07] * nemo slaps magoo around a bit with a large trout
[08:09] {magoo} BCRX
[08:11] {nemo} in :)
[08:14] {magoo} where?
[08:14] {Threei} 7:30:56 AM
[08:14] {Threei} Biocryst Pharmaceuticals Inc Signs partnership deals for representing Peramivir outside the US
[08:14] {Threei} - Signed binding letters of intent with three partners who will exclusively represent BioCryst and its anti-viral peramivir for influenza stockpiling opportunities, as well as for marketing and distribution of peramivir for seasonal influenza upon local regulatory approval, within their territories outside the U.S.
[08:14] {Threei} - Each partner will immediately begin meeting with key government officials in their respective territories to discuss peramivir''s availability during this global health emergency.
[08:14] {Threei} - New partners include moksha8 Pharmaceuticals, Inc. for Brazil and Mexico, NT Pharma (Group) Co., Ltd. for China and Neopharm Group for Israel.
[08:17] {magoo} the runner de jour vad?
[08:17] {nemo} ooh...so cosmopolitan mags
[08:18] {Threei} hmmm
[08:24] {Threei} LVS next leg
[08:25] {nemo} we can still short aig
[08:26] {Threei} IA) Russian Pres Medvedev: Iran has a right to a civilian nuclear program
[08:27] {Threei} (UK) Chancellor Darling: Sees encouraging sings in UK economy, still believes US will exit recession by year end
[08:28] {Threei} UAUA upticking
[08:29] {Threei} *AUG ADVANCE RETAIL SALES: 18.9% V 1.9%E
[08:30] {Threei} AUG ADVANCE RETAIL SALES: 1.1% V 1.9%E; EX AUTOS: 0.6% V 0.4%E
[08:30] {Threei} AUG PRODUCER PRICE INDEX M/M: 1.7% V 0.8%E; PPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E
[08:31] {Threei} AUG EMPIRE MANUFACTURING 18.9 v 15e
[08:32] {Threei} FCEL Wins contract
[08:34] {Threei} DOE awarded it approximately $1.9M for the Development of a Microchannel High Temperature Recuperation
[08:41] {magoo} u grab any LVS vad?
[08:41] {Threei} no
[08:44] {nemo} doesn't the CTFC release guidelines on commodities trading leverage today?
[08:44] {Threei} don't remember... why is it important?
[08:45] {Threei} I don't think there will be any real surprizes
[08:45] {nemo} well, when they announce Summer of 2008 changes in leverage, and anti-shorting rules, the energy market tanked
[08:46] {Threei} that was very different situation
[08:46] {nemo} yes
[08:46] {fernp} good morning everybody
[08:46] {Threei} fern :)
[08:46] {nemo} haroo
[08:50] {nemo} mags...look
[08:51] {Threei} oh boy
[08:51] {Threei} just don't start day with it
[08:51] {nemo} pres speaking?
[08:51] {Threei} let's make some money, then start flipping trout around
[08:51] {Threei} get your priorities straight {G}
[08:51] {nemo} dndn down a bit
[08:52] {nemo} Our drinking club had a motto: "Forward...never straight."
[08:53] {lasertrev} good morning all. If anyone has any questions re: laser, you can contact me at DELETED
[08:53] {Threei} hi trev, thank you
[08:54] {Threei} one question
[08:54] {lasertrev} yes
[08:54] {Threei} urgent closing of open positions, we are calling you or dave?
[08:55] {magoo} i had same question
[08:55] {magoo} say my computer crashes, i call u?
[08:55] {magoo} to sell me out
[08:55] {lasertrev} dave for the next week or so, then me
[08:55] {Threei} cool beans
[08:56] {magoo} thats critical info to know
[08:56] {lasertrev} computer crash, u can call me
[08:57] {lasertrev} I am always in direct contact with Dave
[08:57] {dino} gm all
[08:58] {Threei} just so you know and are warned: when magoo's computer crashes and he needs urgent sell, he sounds like 13 years old schoolgirl forbidden to go to pop-star concert
[08:58] {Threei} dino :)
[08:58] {magoo} c'mon
[08:59] {lasertrev} lol, good to know
[08:59] {magoo} thats only when i got 6k aig in a freefall
[08:59] {nemo} well, if you're short-no problem :)
[08:59] {magoo} and it feels like im in protologists office
[09:00] {nemo} the old sygmoidoscope
[09:01] {cosmo} ah ...pokemon
[09:01] {nemo} that's an interesting way to put it
[09:02] {Threei} ok... lol but don't go any futher in that direction
[09:02] {cosmo} gotcha...
[09:02] {nemo} I'm showing remarkable restraint
[09:03] {Threei} that was mostly for nemo, cos...
[09:03] {nemo} hehehehe
[09:03] {cosmo} yea...time for those meds....
[09:04] {magoo} notice..i make the snowballz...nemo throws them and ghrets in trouble :)
[09:05] {nemo} Well...sometimes I do it all by myself
[09:06] {Threei} Support for Health Care Plan Falls Back To Pre-Speech Levels
[09:07] {Threei} Sic transit gloria mundi
[09:07] {nemo} wow
[09:07] {Threei} what, too fast?
[09:07] {Threei} or you are surprised I speak latin?
[09:08] {nemo} no impressed...actually will have to use that in my writing...we normally say "all things are temporary"
[09:08] {magoo} yhoo upgrades
[09:08] {larisa} gm :)
[09:09] {Threei} larisa :)
[09:09] {Threei} 51% Say Michelle Obama Involved in Policy Decisions
[09:10] {Threei} down from 58% in March
[09:10] {Threei} anyone knows why it's so important that I post it?
[09:11] {ese} good morning
[09:11] {Threei} ese :)
[09:11] {ese} hey vad
[09:11] {magoo} LVS
[09:12] {magoo} i believe target was 21
[09:12] {ese} that what were lookkin at mags
[09:12] {magoo} 19 seems inevitavble
[09:14] {ese} one gets the feeling with axl that if make it past the 2 day high 8.12 .....it's a lunga gunga
[09:21] {ese} china...shs raised to outperform
[09:21] {Threei} CVM Ticks higher on report from "Biomeds.com" stating "CEL-SCI''s H1N1 Treatment and Vaccines Getting Some Attention From U.S. Government"
[09:21] {Threei} - According to the report, the company had been in discussions over the past several days with multiple government groups interested in expediting CEL-SCI''s H1N1 efforts.
[09:26] {ese} lvs up another .75......goodness
[09:28] {Threei} so far, watching
[09:28] {Threei} LVS
[09:28] {Threei} UAUA
[09:28] {Threei} BCRX
[09:28] {dptl} good morning all
[09:28] {Threei} GE
[09:28] {Threei} dp :)
[09:29] {nemo} bcrx
[09:29] {nemo} oops
[09:32] {Threei} Long Setup: BCRX 11.90 break if stays above 11.80
[09:32] {ese} l bcrx .94
[09:33] {ese} not quick enough to get .91
[09:33] {Threei} Long Setup: UAUA .60 break if stays above .50
[09:34] {Threei} BCRX hit over 1:1 faster than
[09:34] {Threei} ummm... no dceent comparison
[09:34] {nemo} substance through a goose
[09:35] {ese} bcrx stopped .78
[09:35] {Threei} under the stop now
[09:35] {Threei} shrug
[09:35] {ese} -.16
[09:36] {Threei} LVS pullback
[09:36] {fernp} ty UAUA Vad
[09:37] {Threei} you out already??
[09:37] {fernp} .69
[09:37] {Threei} OK... feels like capable of more to me
[09:37] {dino} amed l .48
[09:37] {Threei} UAUA over 1:1
[09:39] {fernp} yes, too soon. scalpers regret :)
[09:39] {Threei} half out .74
[09:39] {dino} to .60
[09:40] {ese} you were right about lvs mags.....made 19
[09:40] {Threei} 1/4 more out /90
[09:40] {Threei} .80
[09:41] {dino} out ave .70 amed, +.22
[09:42] {dino} cde l .10, stop .98
[09:43] {Threei} Long Setup: BAC .20 if stays above .10
[09:44] {dino} out cde .21, +.11
[09:45] {Threei} let's modify BAC
[09:45] {Threei} .10 break long
[09:45] {Threei} if stays above .05 for scalpers, above 17 for day traders
[09:46] {ese} l bcrx .75
[09:48] {Threei} Long Setup: IACI .73
[09:48] {Threei} if stays above .65
[09:50] {Threei} no wrky BAC
[09:51] {fernp} out BAC
[09:51] {ese} out bcrx .93 +.18
[09:51] {Threei} UAUA
[09:51] {dino} cake s .51
[09:52] {ese} don't like that stock....don't like the way it trades
[09:52] {Threei} looking for pullback entry
[09:52] {nemo} trading with market now
[09:52] {magoo} BCRX
[09:52] {Threei} .66 if holdijg above .60
[09:53] {dino} to b/e cake
[09:55] {fernp} stopped UAUA
[09:55] {Threei} market weakened
[09:55] {Threei} backing off for now
[09:57] {dino} cov cake .41, +.10
[09:58] {nemo} iaci still valid
[09:58] {Threei} I think so
[09:58] {Threei} barely touched under .65
[09:59] {Threei} Preview: Fed's Bernanke to speak at 10amET at Brookings Institute
[09:59] {Threei} - Bernanke will repeat his Aug 21 speech from the Jackson Hole symposium titled "Reflections on a year in Crisis"
[09:59] {Threei} - he will do a Q&A afterward
[09:59] {nemo} iaci
[10:00] {fernp} in IACI
[10:00] {Threei} S&P Depository Receipts *JULY BUSINESS INVENTORIES: -1.0% V -0.9%E
[10:00] {Threei} SEPT IBD/TIPP ECONOMIC OPTIMISIM INDEX: 52.5 V 51E
[10:01] {ese} L dndn .71
[10:02] {ese} thats a name we haven't heard to much from lately dndn
[10:03] {dino} reddddddd
[10:05] {fernp} HIG double bottom?
[10:05] {ese} out dndn .81 +.10
[10:05] {nemo} kick iaci please
[10:05] {dino} amed l .50
[10:06] {Threei} stop is a bit too far, fern
[10:08] {dino} amed stop is .45
[10:08] {dino} amag?
[10:08] {nemo} wow tight for you dino
[10:09] {Threei} tough call but
[10:09] {Threei} Long Setup: BCRX .10 break
[10:09] {Threei} stop under 12
[10:09] {Threei} not a scalp
[10:09] {Threei} momo candidate
[10:10] {nemo} fast
[10:10] {magoo} ib
[10:10] {magoo} in
[10:10] {Threei} 1:1 in a blink of eye
[10:10] {nemo} didn't get to blink
[10:11] {Threei} far from done IMO
[10:11] {nemo} 1:1 iaci
[10:11] {fernp} ty IACI Vad
[10:11] {Threei} IACI 1:1, half out
[10:11] {Threei} half out BRCX .31
[10:11] {dino} to .49 amed stuck
[10:12] {ese} l dndn .85
[10:12] {Threei} ok... life looks brighter
[10:12] {Threei} SVNT Hearing takeover chatter circulating in name
[10:12] {Threei} - Rumor states that firm is in discussions with AMGN (16.25, +0.37, 2.33%) (related AMGN )
[10:12] {nemo} Oh, is it dawn there?
[10:13] {ese} out dndn .95
[10:14] {Threei} Massachusets needs some serious purge... if that's what going for humor over there
[10:14] {nemo} axl vad
[10:14] {nemo} Puritan state
[10:14] {Threei} what about AXL?
[10:14] {ese} +.10
[10:14] {nemo} bottoming?
[10:14] {dino} slipped amed stopped -.05 ave
[10:15] {Threei} I don't see anything definitive on it
[10:15] {dino} kbr down
[10:16] {Threei} BCRX, for those who go for momo trade:
[10:16] {Threei} two levels to take, .35 and .50,
[10:16] {Threei} if successful, should go for 13
[10:17] {ese} no pullback vad?
[10:18] {Threei} ?
[10:18] {ese} l bcrx
[10:18] {ese} 28
[10:18] {Threei} see this pace pickup?
[10:19] {magoo} in it vad
[10:19] {ese} out .37 +.09
[10:19] {ese} bcrx
[10:19] {Threei} you scalper you
[10:21] {dino} crm l .25
[10:25] {larisa} VVUS?
[10:25] {Threei} probably it's turn to have rumor finally
[10:25] {larisa} only fair :)
[10:26] {Threei} yeah, it was my rumor candidate for what, couple days now?
[10:26] {Threei} yessss!!!
[10:26] {Threei} VVUS Hearing renewed takeover chatter circulating (11.55, +0.31, 2.76%)
[10:27] {Threei} BCRX, fizzled out for now
[10:27] {Threei} trailed second half stopped b/e
[10:28] {Threei} so, I believe we have rumor machine mechanics figured out
[10:29] {Threei} number of stocks that had nice runs with some news, then calmed down and retreated,
[10:29] {Threei} those become target for rumor mongering
[10:29] {Threei} idea is simple:
[10:29] {Threei} names is fresh in traders' minds,
[10:29] {Threei} name
[10:29] {Threei} they remember it can run,
[10:30] {Threei} they view it as second opportunity
[10:30] {Threei} and it looks plausible in light of recent news
[10:30] {ese} L lvs .71
[10:30] {Threei} so they hit it hard
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 325M shares, about 25% above its three-month average; decliners lead advancers by 1.1:1.
[10:31] {Threei} - NASDAQ volume 600M shares, about 11% above its three-month average; decliners lead advancers by 1.2:1.
[10:31] {Threei} - VIX index +0.6% to just below 24.00
[10:31] {ese} out lvs .75 +.04
[10:31] {Threei} it's kind of hard to nail exact name and order, but VVUS is great example
[10:31] {Threei} we predicted yesterday that rumor on it will be out soon
[10:33] {Threei} OK IACI
[10:33] {Threei} 1:2
[10:33] {Threei} let's make up our collective mind
[10:33] {Threei} to me, looks like 1/4 more out,
[10:33] {Threei} stop to under .80
[10:33] {Threei} and offer last portion at .95 or so
[10:34] {nemo} Magoo will do .949
[10:35] {nemo} stop for last Vad? .83?
[10:35] {ese} l ntap .83
[10:36] {Threei} stop for what?
[10:36] {nemo} iaci
[10:36] {Threei} ummm
[10:36] {Threei} [10:33] {Threei} stop to under .80
[10:36] {nemo} duh
[10:36] {Threei} reading comprehension 101 is in order?
06[10:37] * nemo slaps nemo around a bit with a large trout
[10:37] {nemo} aig
[10:37] {nemo} nevermind
[10:37] {Threei} lol
[10:37] {Threei} three fish in one sentence
[10:38] {nemo} efficiency
[10:39] {dino} hero
[10:39] {nemo} thank you
[10:39] {nemo} oh, the stock...:)
[10:39] {Threei} rofl
[10:39] {Threei} Massachusets improves
[10:40] {Threei} in a sense of humor department
[10:41] {nemo} out iaci
[10:41] {nemo} .95
[10:41] {Threei} and here comes the bri... umm IACI
[10:41] {Threei} out in full
[10:41] {Threei} not too shabby for a slow one
[10:42] {fernp} you are good Vad
[10:42] {Threei} ah thank you
[10:42] {Threei} I have my moments
[10:42] {nemo} let's see if we have scalper's regret :)
[10:42] {Threei} good to see in a few years you have noticed {G}
[10:43] {nemo} who called the DB in Hig?
[10:44] {Threei} fern did
[10:44] {dino} ebix sm l .01 thin
[10:44] {nemo} nice fern
[10:44] {fernp} grabbed +.10 there. TY
[10:46] {KSystems} hi
[10:46] {nemo} Tag
[10:47] {Threei} KS :)
[10:48] {nemo} rimm announcing results on 24th
[10:49] {nemo} Mags, what are you trading?
[10:50] {magoo} i had 6k AIG
[10:50] {magoo} just out .28
[10:50] {magoo} takes focus
[10:50] {magoo} + .50 cents
[10:50] {Threei} and a stock of fresh diapers
[10:50] {nemo} he was so quiet, knew he was concentrating....:)
[10:50] {magoo} i have 6k LVS and BCRX
[10:50] {nemo} and wipes
[10:51] {magoo} trying fot .97 lvs
[10:51] {magoo} in it .80
[10:51] {ese} exactly what i do there magoo
[10:52] {magoo} oiut LVS .94
[10:52] {magoo} +14
[10:52] {ese} i have 6k of ntap right now.....it should make a run for 25 before the day is out
[10:52] {magoo} want 12.91 BCRX
[10:53] {magoo} long way too go
[10:53] {dino} out crm .37, +.12
[10:54] {ese} yes
[10:54] {Threei} good exit LVS
[10:55] {magoo} for room..ill change my mind on exit quick if lose the feel..so careful if u running with me
[10:56] {magoo} can always reenter
[10:57] {dino} ebix stopped
[11:00] {magoo} AIG gonna rip RISKY
[11:00] {nemo} O.K. Vad, you can dislocate your shoulder on iaci now...
[11:00] {dino} kbrl .60
[11:00] {Threei} my feeling is,
[11:00] {Threei} we are about to see resumption of that relentless march up
[11:00] {Threei} slowly, throughout the day
[11:00] {Threei} crunching resiastances
[11:00] {Threei} and roasting bears over the slow fire once again
[11:01] {magoo} agree
[11:01] {magoo} we gonna RIPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP
[11:07] {ese} l ntap avg price .78
[11:07] {fernp} UAUA Vad
[11:08] {magoo} BCRX just told me to bend over, put a dart in a slingshot...and u can figure the rest
[11:09] {Threei} UAUA became market follower
[11:11] {dino} abii
[11:12] {ese} vad opinion ntap 1min chart please
[11:12] {Threei} for scalp maybe if market helps
[11:12] {Threei} too narrow for anything else
[11:13] {Threei} and guess who is coming on TV
[11:13] {nemo} ah...exit positions
[11:13] {ese} i'm long .78
[11:13] {Threei} [10:42] {nemo} let's see if we have scalper's regret - nope... AFAIAC, perfect exit
[11:13] {Threei} on IACI
[11:13] {ese} will scalp this when it breaks above .80
[11:13] {nemo} [11:00] {nemo} O.K. Vad, you can dislocate your shoulder on iaci now...
[11:14] {Threei} I firmly intend to do just that
[11:14] {ese} it's drivin me nuts right now
[11:14] {nemo} what's your stop on KBR dino
[11:16] {dino} kbr stopped -.15
[11:16] {nemo} .-11
[11:20] {dino} sorry
[11:20] {nemo} sorry for what?
[11:21] {dino} the stop
[11:21] {dino} fire
[11:21] {nemo} wasn't your finger on the button
[11:21] {dino} :)
[11:22] {nemo} we'll blame it on Magoo
[11:22] {nemo} one suggestion Dino
[11:22] {nemo} on stocks like fire, could you alert us before the run-up
[11:22] {nemo} :)
[11:22] {dino} already did
[11:26] {nemo} cat short vad?
[11:26] {magoo} cof crushed here
[11:26] {Threei} unavailable
[11:27] {Threei} I checked a while ago
[11:27] {nemo} damn
[11:27] {dino} fire
[11:28] {dino} sm s .25
[11:33] {magoo} VAD LVS
[11:33] {nemo} kbr Dino
[11:33] {nemo} we got out at the bottom
[11:34] {dino} yes
[11:34] {dino} .50 entry may work
[11:35] {Threei} looks like getting ready for all out break mags
[11:38] {Threei} fireworks are about to start
[11:38] {Threei} it's Vegas or what, after all
[11:39] {cosmo} its a gamble...
[11:39] {nemo} nice cos...
[11:40] {nemo} alright, I have to step away...should take of
[11:40] {cosmo} APWR tests 11.20 fwiw
[11:42] {dino} stopped fire -.35
[11:43] {dino} spiked me
[11:47] {Threei} hard to tell whether it's another break or double top
[11:47] {Threei} 50/50
[11:48] {Threei} volume is not indicative either way
[11:48] {dino} ebix hl l .45 last try
[11:48] {Threei} if you are in, lighten up mags
[11:49] {magoo} out .28 LVS
[11:49] {magoo} TY vad
[11:49] {magoo} + .18
[11:49] {Threei} I meant partyial
[11:50] {Threei} you sold in full?
[11:50] {magoo} yup..no probs
[11:50] {magoo} can reload pllbk
[11:50] {nemo} 6k shares?
[11:50] {magoo} 2k
[11:50] {dino} lphi l .92 ave
[11:52] {cosmo} APWR tests 11.20 wall ...soon
[11:54] {cosmo} i think
[11:56] {Threei} candidates for market breakout:
[11:56] {Threei} LVS
[11:56] {Threei} UAUA
[11:56] {dino} hsii .40
[11:56] {dino} l
[11:57] {Threei} Long Setup: UAUA .76 if market breaks
[11:58] {Threei} Long Setup: LVS .30 if market breaks
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 555M shares, about 25% above its three-month average; advancers lead decliners by 1.4:1.
[12:00] {Threei} - NASDAQ volume 1.05B shares, about 8% above its three-month average; decliners and advancers are about even.
[12:00] {Threei} - VIX index -0.5% to just below 24.00
[12:00] {dptl} got to leave.........have a good rest of the day all
[12:00] {Threei} take care dp
[12:00] {Threei} STSI Reports on Status of Patent Reexamination Requested by RJ Reynolds Tobacco Prior to Jury Trial
[12:00] {Threei} reported that the company''s counsel has received a notice of a first office action, or "... (0.95, -0.02, -2.06%) more... (related RAI )
[12:01] {Threei} a lot of legal mambo jambo
[12:02] {Threei} can't underdtand a word of it
[12:05] {Threei} FDIC's Bair: US financial industry is not much more stable presently (related XLF EUR/USD )
[12:05] {Threei} klol
[12:06] {Threei} make up your mind
[12:06] {Threei} president says "we pulled... from the brink"...
[12:06] {Threei} bank failures should continue at a "pretty good clip" - CNBC
[12:06] {Threei} - notes it will ultimately be a very small percentage of banks that fail
[12:08] {Threei} MS Exec: we are extremely optimistic (29.29, +0.54, 1.88%)
[12:08] {Threei} there you go
[12:08] {Threei} learn from them Bair
[12:25] {ese} hmmmmmmmmm
[12:26] {ese} that was so that i didn't get the...."ese is away(auto away)
[12:27] {Threei} you on mirc?
[12:28] {nemo} C&H on aig?
[12:28] {Threei} nah
[12:29] {nemo} nope
[12:32] {Threei} GE Hearing cautious comments from CFRA Report (8.76, +0.03, 0.34%)
[12:36] {dino} lphi stopped -.13
[12:39] {dino} ebix stopped
[12:42] {dino} crm .85 l
[13:01] {fernp} GE 15.90 break?
[13:01] {Threei} scalp only
[13:01] {Threei} too narrow
[13:03] {Threei} Berkshire's Buffett: Berkshire is buying stocks at the moment; getting 'a lot' for the money in equities (related DIA SPY QQQQ BRK.A )
[13:03] {nemo} thought he was selling last week?
[13:03] {Threei} maybe he is scalper?
[13:03] {nemo} ha...ha, ha....ha, ha, ha, ha,...hahaha
[13:10] {Threei} Long Setup: PTEN 15 break
[13:10] {nemo} stop under .90?
[13:11] {Threei} yeah... for scalpers under .95 but feels like capable of more than scalp
[13:11] {Threei} powerful break on daily
[13:11] {Threei} won't be fast though
[13:13] {nemo} lvs
[13:13] {Threei} honstly trying
[13:20] {nemo} frickin cat
[13:26] {fernp} in PTEN
[13:27] {nemo} me too
[13:27] {Threei} sorry for late alert but:
[13:27] {Threei} guess who is on TV
[13:28] {nemo} no wonder pten's tanking
[13:28] {Threei} tanking?
[13:28] {Threei} 3 cents downtick is tanking in your vocabulary?
[13:29] {nemo} no .06
[13:29] {Threei} then I guess 3 minutes ago it was flyting
[13:29] {Threei} on fire
[13:29] {Threei} soaring
[13:29] {nemo} nah, crashed on runway
[13:30] {nemo} burning on fire not necessarily good either.
[13:30] {Threei} hmm
[13:30] {Threei} labor reform is a future american people wanna build
[13:30] {Threei} I just heard it from TV
[13:30] {Threei} must be true
[13:30] {nemo} we'll be hearing the Soviet slogans soon
[13:31] {Threei} eternal glory to our party and dear leader
[13:31] {nemo} praise be to Uncle Joe
[13:32] {Threei} PALM Hearing added to Deutsche Bank's short term Buy list (timing uncertain) (14.59, +0.22, 1.53%)
[13:37] {nemo} wfc having quite the little run
[13:41] {Threei} (US) SEC is reportedly asking issuers and banks to share data used to rate bonds (related MHP MCO XLF )
[13:44] {Threei} nemo... I guess in order to stay with your definitions we can safely say that PTEN runs in place with incredible blistering speed
[13:44] {nemo} got a good treadmill
[13:45] {Threei} and if we are lucky it may move 5 cents THIS, yes, THIS millenium
[13:45] {nemo} my hair can't get any grayer, so I guess it'll just have to fall out
[13:45] {Threei} OPTR Announces Presentation of Additional Data From Fidaxomicin Phase 3 Study for the Treatment of Clostridium Difficile Infection (CDI) (13.79, +0.39, 2.91%)
[13:46] {dino} are afternoons slow lately or what?
[13:47] {nemo} not for snails
[13:47] {Threei} they aure are
[13:47] {dino} could it be the flash trade bans
[13:47] {Threei} lol
[13:47] {nemo} did they ban them?
[13:47] {dino} think so, few weeks ago
[13:47] {nemo} I thought they were going to be issuing guidelines sometime around now
[13:47] {Threei} one of providers vilutarily stopped them
[13:48] {nemo} oh.....
[13:49] {nemo} now that's interesting...can't short cat we knew, but it's per SEC...wow
[13:49] {Threei} pssst nemo
[13:50] {Threei} PTEN is flying
[13:50] {nemo} whoa Im green
[13:50] {Threei} soaring
[13:50] {Threei} crashing barriers
[13:50] {nemo} levitating
[13:50] {Threei} jamming airwaves
[13:50] {nemo} Let's not get all icarusy about this
[13:51] {Threei} I am just trying to test the limits of your tesaurus
[13:51] {nemo} I'm a sesquepaedalian
[13:52] {Threei} yeah... limitless
[13:52] {nemo} nah, only 5'6"
[13:52] {Threei} ok... limitless but short
[13:53] {Threei} FDA spokesperson: Confirms H1N1 vaccine approval for CSL Novartis, Sanofi, Astrazeneca
[13:54] {nemo} pten follows Way of the Tortoise
[13:55] {Threei} one legged snail navigating through cold mollasses
[13:55] {nemo} female or male snail
[13:55] {Threei} [13:11] {Threei} won't be fast though
[13:55] {nemo} I remember...kickin' myself for FCX on that higher low @ 70.70
[13:58] {fernp} PTEN stop is still under .90 Vad?
[13:59] {Threei} .95 held
[13:59] {Threei} maybe let's trail it to .94
[14:00] {nemo} the volume on that last test is concerning
[14:03] {Threei} JAZZ Hearing takeover chatter circulating
[14:03] {Threei} - Forest labs again rumored as potential acquirer (9.96, +0.36, 3.75%) (related FRX )
[14:03] {Threei} hmmm
[14:03] {Threei} rumor mill went second round
[14:03] {Threei} ran out of names
[14:03] {Threei} what was next after JAZZ, who remembers?
[14:04] {nemo} blues was first, than Rock&Roll
[14:04] {nemo} after jazz
[14:04] {nemo} Guess my Boston humor has regressed
[14:05] {Threei} drops below the baseboard
[14:05] {Threei} and I thought it was at the rock bottom
[14:05] {nemo} never say never
[14:23] {fernp} won't be fast though = will be a torture?
[14:23] {nemo} like flossing with barbed wire
[14:23] {dino} out hsii +.12
[14:25] {Threei} sorry fern... didn't expect it to be THIS slow... :)
[14:27] {fernp} no problem :)
[14:36] {dino} mon sm s .99
[14:38] {nemo} oh well
[14:38] {fernp} out
[14:39] {Threei} less than 15 cents range
[14:39] {Threei} points
[14:42] {dino} wy drop
[14:48] {dino} mso
[14:49] {dino} mon to flat
[14:53] {nemo} rude of pten
[14:57] {Threei} yawn
[15:11] {Threei} LVS again'
[15:13] {Threei} guys, in case I forget,
[15:13] {Threei} YRCW is worth keepoing on a radar
[15:14] {Threei} drop into 3.50 is probably buy, and drop into 3 is screaming buy
[15:16] {dino} titn l .12
[15:21] {Threei} second haklf of the day is so mind-numbingly boring, I forgot whether we had goood first half or not
[15:22] {nemo} probably about flat
[15:23] {Threei} IACI was good
[15:23] {nemo} yep...top ticked it just about too
[15:23] {Threei} and BCRX
[15:23] {Threei} the rest was pretty much balancing eacvh other out
[15:28] {dino} strangest/slowest sept. p.m. market i can remember
[15:28] {Threei} I agree
[15:29] {Threei} usually September is much more fireworky
[15:29] {dino} i should just go home at 11:30
[15:29] {nemo} makes august look fast...why should we be surprised...everybody thought things would pick up in September
[15:29] {Threei} well... don't forget,
[15:29] {Threei} September so far is working agaionst the wide-spread conviction that market must drop
[15:30] {nemo} my point exactly
[15:30] {Threei} and what is the best way to trap the most if not this sloooooow grind
[15:30] {Threei} so every bear out there finds encouragement in each downtick
[15:30] {Threei} and slow boiling is not scaring the frog
[15:31] {Threei} so he doesn't jump out
[15:32] {Threei} (US) Senator Rockefeller (D): Cannot support Finance Committee healthcare reform bill in its current form (related IYH )
[15:32] {dino} ascma
[15:35] {Threei} Market Internals update at 3:30pmET
[15:35] {Threei} - NYSE volume 1.05B shares, about 25% above its three-month average; advancers lead decliners by 2.3:1.
[15:35] {Threei} - NASDAQ volume 1.99B shares, about 10% above its three-month average; advancers lead decliners by 1.4:1.
[15:35] {Threei} - VIX index -3% to just over 23.00
[15:37] {Threei} 57% View Pelosi Unfavorably, But Thats An Improvement
[15:53] {nemo} weird day for an up day
[15:59] {dino} out titn -.10 out crm -.15
[15:59] {Threei} thank you all
[15:59] {Threei} havce a good evening, see you tomorrow goer another slow u day
[15:59] {nemo} buh bye
[16:01] {lasertrev} have a good night all

Sep 14 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Very nice start for the week. Strong moves in LVS and UAUA, scalp BRCM, nice bounce play in KBR

Session Time: Mon Sep 14 00:00:00 2009

[07:57] {magoo} morning
[07:59] {Threei} 7:41:17 AM
[07:59] {Threei} Las Vegas Sands Corp BofA/Merrill Lynch Raised LVS to Buy from Neutral, price target: $21
[07:59] {Threei} - Firm believes that by 2011, LVS will generate 78% of EBITDA and more of EPS from Asian operations, by their estimates.
[08:00] {nemo} in
[08:00] {nemo} :)
[08:02] {Threei} 17.32 Fri high
[08:05] {magoo} u in?
[08:06] {Threei} galf out
[08:06] {Threei} half
[08:20] {magoo} SLXP vad
[08:21] {Threei} 06:00 SLXP Two Phase III trials of Rifaximin in irritable bowel syndrome achieve statistically significant results in primary and key secondary analyses
[08:21] {Threei}
[08:22] {magoo} wow..and 7 points for that
[08:25] {magoo} S news vad?
[08:28] {Threei} I don't have any
[08:29] {Threei} but my news system doesn't like this symbol
[08:29] {Threei} so may just miss it
[08:34] {magoo} sea of red out there
[08:45] {Threei} (US) Fed' s Duke: Expansion of fair value regulation may hurt lending levels
[08:45] {Threei} - Temporary TALF program has been successful, market for CMBS products remains very weak
[08:45] {Threei} - Banks must maintain enough capital to adequately lend and maintain safe base
[08:45] {Threei} - Accounting rules must remove ability of firms to over or underestimate losses
[08:46] {nemo} more shell games
[08:46] {brian3579} gm all
[08:46] {larisa} gm :)
[08:46] {Threei} brian, larisa :)
[09:02] {Threei} LVS is active
[09:02] {Threei} from the charts so far:
[09:02] {Threei} .20 - .25 is a breakout zone by today,
[09:03] {Threei} and .32 just above it is a high from Friday.
[09:03] {Threei} If they all are taken, thing has good chance to run
[09:03] {Threei} generally climate of course is not very bullish today so far,
[09:03] {Threei} and most importantly, we have Prez speech on Wall St at noon
[09:04] {nemo} skf here I come :)
[09:04] {Threei} don't assume anything...
[09:04] {nemo} I'm not
[09:04] {Threei} if market doesn't hear anything threatening, relief rally can be brutal
[09:06] {nemo} It would be nice if the markets would return to normal where they tanked everytime he talked :)
[09:07] {Threei} yeah, now they listen to what is actually said
[09:07] {magoo} skf 3 month low here...but makes sense
[09:07] {nemo} or, because he talks so much, it's just a blur
[09:07] {Threei} or that
[09:08] {fernp} good morning everybody
[09:08] {Threei} fern :)
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {ese} morning everyone
[09:15] {Threei} ese :)
[09:16] {ese} and so it begins maybe........dn slide for a while
[09:20] {Threei} also keeping an eye on AXL for possible bounce if/when market stabilizes
[09:23] {dino} option exp fri., usually a 3% move in here
[09:25] {Threei} LVS is trying
[09:26] {ese} etfc
[09:26] {Threei} 9:20:32 AM
[09:26] {Threei} E*TRADE Financial Corp Terminates Stockholder Rights Plan; Files for At The Market Program to Issue $150M in common stock (8% of market cap)
[09:26] {Threei} - Board of Directors has terminated the Companys Stockholder Rights Plan in accordance with the stockholder advisory vote at the Special Stockholder Meeting in August. In addition, the Board of Directors has authorized the commencement of an At The Market (ATM) program to issue common stock for which the Company has entered into an equity distribution agreement with Sandler ONeill + Partners, L.P
[09:27] {dino} watching it, want pullback to 1.50-1.60ish
[09:27] {Threei} - intends to use the proceeds from the sale of common stock to enhance liquidity for the parent company as well as for working capital and general corporate purposes
[09:27] {Threei} - also may sell shares of its common stock to Sandler ONeill, as principal for its own account, at a price agreed upon at the time of sale. If the Company agrees to sell shares to Sandler ONeill, as principal, it will enter into a separate terms agreement with Sandler ONeill, and will describe such agreement in a separate prospectus supplement or pricing supplement
[09:27] {ese} traded11 mil shs to this point
[09:27] {Threei} LVS is momo candidate
[09:30] {Threei} Long Setup: LVS .20 break
[09:31] {Threei} if stays above .10
[09:31] {Threei} not a scalp for me
[09:31] {nemo} in
[09:32] {Threei} no go
[09:32] {fernp} out
[09:32] {Threei} LVS Buckingham Raised LVS to Strong Buy from Neutral, price target: $21
[09:32] {Threei} shakeout?
[09:33] {Threei} Long Setup: AXL .20 break
[09:33] {Threei} if stays above .10
[09:35] {Threei} tough thing to do but
[09:35] {Threei} maybe LVS wiorth retrying
[09:35] {magoo} i did
[09:35] {ese} l lvs
[09:35] {ese} out lvs
[09:36] {Threei} momo
[09:36] {ese} man that was fast ..25 in .34 out 3k
[09:36] {Threei} in the making
[09:36] {ese} no time to type it
[09:37] {dptl} good morning all
[09:37] {Threei} dp :)
[09:37] {ese} ddddddddppppppppp!!!!!!!1
[09:37] {Threei} feels like 18
[09:37] {dptl} :)
[09:37] {ese} yup
[09:37] {magoo} yes
[09:37] {nemo} out .42 lvs
[09:37] {nemo} ty
[09:37] {ese} nice nemo
[09:39] {Threei} AXL 1:1
[09:39] {magoo} yup..ouyt AXL
[09:39] {magoo} ty
[09:40] {Threei} half out LVS .45
[09:41] {ese} nice vad
[09:41] {ese} wanna catch the mid day pullback in lvs
[09:41] {Threei} AXL over 1:2, full out
[09:41] {dino} gj
[09:42] {magoo} out lvs .47..will look to reload
[09:42] {magoo} TY boss
[09:42] {Threei} welcome
[09:42] {Threei} maybe too soon out on AXL... but this upciming speech adds so much uncertainty
[09:43] {magoo} yrcw nuts
[09:43] {nemo} It's so you mags
[09:44] {Threei} IVAN...
[09:45] {ese} yo look at that mags
[09:45] {magoo} in lvs .47
[09:45] {Threei} 1/4 more out LVS .60
[09:46] {Threei} stop to under .40
[09:46] {Threei} letting last portion trade for now
[09:47] {magoo} out..try to reload lower
[09:47] {dino} hl l tndm .00
[09:48] {nemo} insider selling on tndm?
[09:49] {Threei} out last piece of LVS for now
[09:49] {magoo} wheres a good reload..like .15
[09:49] {Threei} sharpo dive under .30 would be interesting for another entry
[09:50] {Threei} .15... not sure we will have a shot at that
[09:51] {dino} tndm to .24
[09:51] {dino} out +.24
[09:51] {dino} ave
[09:53] {ese} nice bounce tndm dino
[09:54] {dino} swi
[09:54] {dino} ty es
[09:54] {magoo} with lvs..feel like in battle and commander is saying "hold hold" as they charge in
[09:54] {Threei} lol
[09:55] {Threei} that dive under .30 was so brief, I didn't go for it
[09:55] {nemo} Funny you should say that, I was thinking of the Braveheart seen where Gibson's saying the same thing
[09:55] {nemo} scene
[09:55] {fernp} BAC Vad?
[09:55] {Threei} I'd prefer to stay clear of financial names for now fern
[09:56] {fernp} ok
[09:56] {Threei} because of that speech coming
[09:56] {ese} dino ...what do you think of the news in tndm
[09:56] {Threei} can introduce unpleasant surprize
[09:57] {dino} what news?
[09:57] {ese} brokers raising estimates
[09:57] {ese} enough to go long on?
[09:57] {dino} ok
[09:57] {nemo} lot of insider selling on Friday though
[09:57] {dino} thx
[09:57] {dino} no idea, just like chjart
[09:58] {dino} see apr, may june, jul aug around exp week, all dropped into 24.50
[09:58] {dino} 23.50 i mean
[09:59] {ese} ok
[09:59] {dino} thats what i liked
[09:59] {Threei} yeah... too soon on AXL
[09:59] {ese} gotcha
[10:00] {ese} axl going after that 13 price target
[10:01] {Threei} CXM Scientific Journal Gene Therapy Reports That Cardium''s Gene Activated Matrix Technology Accelerates Periodontal Tissue Regeneration (2.14, +0.38, 21.59%)
[10:02] {magoo} reloaded .40 lvs
[10:06] {Threei} S Update: Shares raised to Buy from Hold at a boutique firm, price target $8 (Hudson Square Research)
[10:06] {Threei} - pre-open
[10:06] {Threei} here it is mags
[10:06] {magoo} ah
[10:07] {Threei} they probably missed it at the time, so placed it now with remark "pre-open"
[10:07] {Threei} LVS pace picks up
[10:08] {Threei} sharp pullbacks though
[10:08] {Threei} gut wrenching unless you have magoo's gut
[10:08] {Threei} US Rep Frank: Regulatory reform 'on track' - CNBC (related XLF )
[10:08] {Threei} ummm
[10:08] {Threei} cosmo... got any comments?
[10:09] {magoo} took many years to acquire that gut lol
[10:10] {Threei} and many pints of beer I am sure
[10:10] {magoo} and bacon
[10:10] {Threei} bacon is not gut-expnading food
[10:10] {nemo} just artery hardening
[10:10] {magoo} out .60 btw
[10:10] {magoo} look to reload
[10:11] {Threei} arteries must be hard to let all that beer through
[10:11] {nemo} ?
[10:11] {Threei} those who are concerned about guts take beer intravenously
[10:12] {dino} auxl
[10:12] {Threei} GE
[10:12] {Threei} General Electric Co Energy unit confirms signing $2.65B agreement with Kuwait
[10:12] {Threei} - Kuwait Ministry of Electricity and Water has signed a turnkey contract with GE and Hyundai Heavy Industries totaling $2.65 billion for a new, 2,000-megawatt (MW) power plant in Sabiya.
[10:15] {dino} auxl crazy
[10:15] {Threei} I don't understand its news at all
[10:15] {Threei} Auxilium Pharmaceuticals Inc FDA staff questions to what degree physicians and training can affect data in the Dupuytren drug
[10:15] {Threei} - Note: FDA advisory panel scheduled for Sept 16
[10:16] {dino} leakk maybe
[10:16] {dino} w/one k only
[10:17] {ese} l lvs .64 .............taking a shot at the breakout...... probably should have done the pull back....ahhh what the heck
[10:18] {Threei} stron whiff of 18 in the air
[10:19] {Threei} grrr AXL
[10:19] {nemo} yeah, break of .70
[10:19] {magoo} axl 8 too
[10:19] {Threei} MGM Hearing Susquehanna making cautious comments (12.99, -0.28, -2.11%)
[10:19] {Threei} that could trip LVS
[10:20] {dino} v sm s auxl .75
[10:20] {ese} hmmmmm
[10:21] {dino} too soon
[10:21] {ese} gonna give this one chance to break .70
[10:23] {ese} out lvs .73 +.09
[10:23] {ese} good enough
[10:24] {ese} mis read axl.......thought about .50 but didn't do it
[10:27] {ese} 34.75 dino?
[10:27] {magoo} WOW AUXL
[10:27] {dino} dk es, watching it
[10:28] {dino} thought 35 would stop it
[10:28] {Threei} Long Setup: AIG 38 break if stays above 37.80
[10:28] {ese} still might
[10:29] {ese} my indicators indicate topping out
[10:29] {magoo} crap
[10:29] {ese} who knows......too many stocks defy logic
[10:29] {nemo} that was too fast
[10:29] {magoo} went for it missed twuice
[10:29] {fernp} impossible here
[10:29] {dino} missed once here magoo, about 2 bucks ago
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 265M shares, about 2% above its three-month average; decliners lead advancers by 1.7:1.
[10:30] {Threei} - NASDAQ volume 515M shares, about 4% below its three-month average; decliners lead advancers by 1.5:1.
[10:30] {Threei} - VIX index +3% to just below 25.00
[10:31] {dino} auxl v sm s .70
[10:31] {Threei} sheesh AIG
[10:31] {Threei} US Treasury's Sachs: Would like to bring down Govt's direct role in markets as soon as is possible
[10:32] {nemo} aig just broke friday's high
[10:32] {magoo} out AIG .721..had to chase in .37
[10:33] {magoo} its building mojo
[10:33] {Threei} Long Setup: BRCM .20 break if holding above .15
[10:33] {magoo} GGGGGGGGRRRRRRRRRRR
[10:35] {ese} you mean when it gets there vad......or am i looking at the wrong chart
[10:35] {nemo} broke already ese
[10:36] {ese} yes i am soorry looking at brcd
[10:38] {dino} chtp
[10:39] {ese} had finger on the trigger aig but missed it at 39
[10:39] {ese} wow wow wow that was fast
[10:39] {magoo} i hit .91 out .31
[10:39] {magoo} was too FAST to type
[10:39] {ese} nice mags
[10:40] {ese} i'll say
[10:40] {magoo} [10:33] {magoo} its building mojo
[10:41] {ese} looking at the chart.....38 was a no brainer
[10:41] {nemo} yeah, just blew through it
[10:42] {dino} ctcm l .75
[10:42] {dino} auxl stopped again, done w/it
[10:42] {ese} holy "C" will it ever stop
[10:43] {ese} sheesh
[10:43] {magoo} it has a way of piissing u off even when u win in it
[10:43] {magoo} AIG
[10:43] {magoo} like im out way soon
[10:44] {ese} it causes revenge trading at it finest....or worst
[10:44] {magoo} like there..it prints 06 and tabnks to .59...
[10:44] {ese} ya
[10:46] {Threei} HGSI Hearing takeover chatter circulating
[10:46] {Threei} - PFE rumored to be interested in the company (19.63, +0.41, 2.13%) (related PFE )
[10:46] {Threei} sigh
[10:46] {Threei} bunker is hgard at work
[10:46] {dino} rrgb l .50
[10:47] {magoo} LVS
[10:47] {_slentz} brcm ?
[10:48] {magoo} AXL 8 trying
[10:48] {Threei} BRCM is over 1:1
[10:48] {Threei} if you scalp, take profit
[10:48] {Threei} if want a day trade, sell half and trail stop to under .20
[10:49] {Threei} I am going to take a guess what next stock to have a rumor is
[10:49] {Threei} VVUS
[10:49] {magoo} my guess yourcow
[10:49] {magoo} yrcw
[10:52] {dino} sfsf l .00
[10:52] {magoo} sagh..vids ignoring me
[10:54] {_slentz} missed brcm first time is .30 beak good to get in?
[10:54] {ese} l lvs .71.......this looks like a mini cup and handle to me on 1 min ch
[10:55] {magoo} no imo
[10:55] {magoo} slentz
[10:55] {magoo} dont chase
[10:55] {dino} ctcm to .84
[10:55] {_slentz} ok
[10:56] {dino} to .88
[10:56] {magoo} slentz..alot of trades we looking to wxit .10-.15 cents, so if late let irt go
[10:57] {_slentz} under stand ty
[10:57] {dino} rrgb to .48 stuck
[10:58] {dino} ctcm to .93
[11:00] {dino} out ctcm .94 ave, +.19
[11:01] {dino} sfsf to flat
[11:01] {magoo} where the hecks vad??????
[11:01] {ese} out lvs -.05
[11:02] {dino} reverse slip sfsf out ave .03
[11:02] {magoo} YRCW driving me nuts
[11:02] {magoo} not in
[11:02] {nemo} yeah. .05 area no brainer
[11:03] {nemo} somebody call vad
[11:03] {Threei} mags??
[11:03] {nemo} nevermind
[11:03] {Threei} what's the problem?
[11:03] {magoo} been looking for ya
[11:03] {Threei} what am I radiostation, to speak non-stop?
[11:03] {nemo} He was longing for you Vad
[11:03] {Threei} sigh
[11:03] {magoo} need some color in discussions
[11:03] {nemo} blue
[11:04] {Threei} what's with CLNE
[11:06] {dino} funding 483 trucks
[11:08] {Threei} DNDN Hearing renewed takeover chatter circulating (26.05, +2.21, 9.27%)
[11:08] {Threei} aww... I lost
[11:09] {magoo} holy crap..we can short AIG
[11:09] {Threei} hmm
[11:09] {nemo} whoa baby
[11:12] {dino} brc l .99
[11:14] {dino} rrgb to .61
[11:16] {dino} ctcm again l .01
[11:16] {Threei} line on CNN: Clinton, Obama to have lunch on Monday
[11:16] {Threei} I don't even know where to start
[11:16] {nemo} Hillary or BIll?
[11:17] {dino} i suppose there will be a televised speach too
[11:17] {dino} eer
[11:18] {Threei} I fully expect to see one fine day: (insert WH official) to visit a restroom on Tue
[11:18] {nemo} or the cloak room off the oval office :)
[11:19] {dino} dino wondering if monica will be there
[11:19] {magoo} and some cubans dino:)
[11:20] {dino} indeed
[11:20] {fernp} CAT 49 break?
[11:21] {Threei} ummm
[11:21] {Threei} lol
[11:21] {Threei} let's try to get pullback
[11:21] {fernp} late
[11:22] {Threei} CAT rarely goes straight up
[11:23] {dino} brc to .20
[11:23] {Threei} perfect pullback into new support
[11:24] {dino} out brc .20, +.21
[11:25] {dino} out rrgb big slip, ave .70, +.20
[11:28] {Threei} guys, two links for you
[11:28] {Threei} seminar program and all the surrounding stuff:
[11:28] {Threei} http://www.realitytrader.com/23CB10CPDF09092009.pdf
[11:28] {Threei} my program for two days:
[11:29] {Threei} http://www.realitytrader.com/02CB10CVGdetails09092009[1].pdf
[11:30] {dino} kbr
[11:31] {Threei} and for when you have time, some new additions to http://www.realitytrader.com/photography/
[11:31] {nemo} lvs again but getting close to zero-hour
[11:32] {dino} kbr l .00
[11:32] {larisa} nice pics
[11:33] {dino} hate to see kbr lose a bid
[11:33] {Threei} ty
[11:35] {dino} kbr stopped -.14
[11:40] {Threei} AVII Demonstrates Effectiveness of Immune Control via RNA-Based Therapeutics in Hemorrhagic Virus Infections (2.18, +0.13, 6.34%)
[11:40] {Threei} SPPI Ticking higher on renewed takeover chatter
[11:40] {Threei} - Bayer rumored as a potential acquirer with price chatter in the mid-teens. (7.32, +0.25, 3.54%)
[11:41] {Threei} ah come on
[11:43] {Threei} we need our spy in the Rumor Bunker
[11:45] {dino} kbr l .50
[11:45] {nemo} I was just going to say, "Dino KBR"
[11:46] {dino} :)
[11:46] {dino} toughie, wins 2.+ billion contract and dies
[11:49] {Threei} Reminder: President Obama expected to speak on financial market reform at a little after 12pmET in NYC
[11:50] {Threei} Long Setup: KBR .50 break if stays above .30
[11:53] {magoo} in btw
[11:54] {Threei} 1:1
[11:57] {Threei} Toyota Motor Corp Exec: Expecting Western Europe sales to decline 10% in 2010 if no stimulus exists - frankfurt show
[11:57] {Threei} - Forecasting sales of 500-600K hybrid models in 2009 worldwide
[11:57] {Threei} - aiming to launch fully electric vehicle in 2012
[11:58] {magoo} out .81 nice one
[11:58] {Threei} 1.5:1
[11:58] {Threei} lol
[11:59] {dino} kbr to .74
[12:00] {dino} to .79
[12:01] {dino} to .84
[12:01] {Threei} 1:2 baby
[12:03] {dino} to .90
[12:03] {dino} tear down that wall
[12:04] {dino} out .96,
[12:04] {dino} +.46
[12:05] {Threei} wtg
[12:08] {dino} ty
[12:12] {nemo} mags...look
[12:12] {laserdave} hey guys
06[12:12] * magoo slaps lasertrev around a bit with a large trout
[12:13] {laserdave} ummm
[12:13] {laserdave} lol
[12:13] {nemo} mags...you missed
[12:13] {laserdave} nice one gooby
[12:13] {Threei} rofl
[12:13] {magoo} oh crap
06[12:13] * magoo slaps laserdave around a bit with a large trout
[12:13] {laserdave} as you guys can see there is now a lasertrev here
[12:13] {Threei} BAC Judge rejects consent decree between BAC and SEC over Merrill Lynch merger - WSJ
[12:13] {laserdave} hes going to be able to answer any questions you guys might have
[12:14] {laserdave} so feel free to ask him anything
[12:14] {nemo} o.k....
[12:14] {laserdave} hes a nice guy
[12:14] {nemo} Lasertrev...
[12:14] {nemo} what's the meaning of life?
[12:14] {laserdave} well at least once in awhile
[12:14] {laserdave} :)
[12:14] {magoo} are we going to have alot of snow this winter lasertrev?
[12:14] {laserdave} and he is good for trouting
[12:14] {lasertrev} hi
[12:15] {Threei} hi lasertrev, welcome to the jungle
[12:15] {nemo} ah..hem...ASYLUM
[12:16] {nemo} Is Obama speaking yet?
[12:16] {Threei} yes
[12:16] {laserdave} trev will take care of all laser issues
[12:16] {laserdave} help with software etc......
[12:16] {lasertrev} thanks, look forward to talkin with you
[12:17] {nemo} you leaving laserdave?
[12:17] {Threei} how to reach you aside of room private message?
[12:17] {laserdave} i be aroound
[12:17] {Threei} e-mail, phone
[12:17] {laserdave} but sometimes i get so busy i want to make sure that someome is always here for you guys
[12:18] {laserdave} you guy immediate replys
[12:18] {Threei} dave... english please...
[12:19] {Threei} we barely speak normal english, let alone this broken one you use on us
[12:19] {laserdave} you get immediate replys
[12:19] {nemo} what's this "we" ?
[12:19] {lasertrev} If anyone wants to reach me you can e-mail me at (deleted)
[12:19] {Threei} replies, if we are lucky {G}
06[12:19] * magoo slaps lasertrev around a bit with a large trout
[12:20] {lasertrev} lol
[12:20] {nemo} It's kinda' like being knighted under Vader
[12:20] {Threei} guys, write that e-mail down because I'll eliminate it from the log
[12:20] {Threei} don't want Trev to get hit with 15,000 spam mails a day
[12:20] {lasertrev} mastervader
[12:21] {nemo} eqkzaktly
[12:21] {nemo} he learns quik
[12:21] {magoo} ROFLOL}..u gonna fit right in trev
[12:21] {lasertrev} lol
[12:21] {nemo} yeah, but Vad won't let you sit next to me
[12:21] {Threei} that's hazardous for anyone's health
[12:22] {ese} l lvs .75
[12:22] {nemo} only when doing shots
[12:22] {lasertrev} where do u all from?
[12:23] {Threei} Preview: Richmond Fed President Lacker scheduled to speak to risk management conference at 12:30pmET
[12:23] {Threei} - Lacker will take audience Q&A after his speech on the subject of "Choices in Financial Regulation."
[12:23] {ese} denmark
[12:23] {Threei} all over the place trev
[12:23] {nemo} ESE!
[12:23] {dino} sfsf .75 l
[12:23] {ese} ohhhh ok
[12:23] {ese} canada
[12:23] {Threei} most are North America, but some are Europe based
[12:24] {lasertrev} i see
[12:26] {ese} well.... i just got home from d3enmark
[12:27] {Threei} 'cause it's rotten I am sure
[12:27] {nemo} you're stretchin' it ese
[12:27] {nemo} bad vad
[12:27] {ese} vad and nemo are big over there
[12:27] {ese} thats cause i was spreading the rumor
[12:34] {Threei} 56% Still Blame Bush For Economic Problems
[12:35] {Threei} feels like it's time to try next break in LVS, a lot of digestion occured
[12:35] {Threei} Long Setup: LVS .85 if stays above .75
[12:36] {magoo} INNNNNNNNNNNNNN
[12:36] {nemo} yep
[12:38] {ese} out .87
[12:38] {ese} lvs
[12:38] {Threei} US Trade Official: Confident tariffs imposed on Chinese tires are in line with WTO regulations; reiterates tariffs were implemented after talks with China failed
[12:39] {ese} +.13
[12:41] {Threei} so, one thing I took from the speech; another agency is likely to be created
[12:41] {Threei} one tsar more one tsar less, who is counting
[12:43] {Threei} in gact, I'd suggest a few of those for this room
[12:43] {Threei} in fact too
[12:43] {Threei} how about Cosmo, The South California Tzar
[12:43] {dino} lol
[12:43] {Threei} nemo gets Massachusets - under the condition he rids it of Barney
[12:43] {dino} sm l ebix .00
[12:44] {Threei} now... we will have to decide what do with dino and mgoo
[12:44] {Threei} we can of course divide their tzarship by odd and even days
[12:44] {dino} hmmmmmmm
[12:44] {Threei} but that would mean magoo must read the calendar
[12:45] {Threei} which may prove too much for him
[12:45] {dino} indeed, simply call me king
[12:46] {nemo} Here king, here king
[12:46] {nemo} Oh oh, feel an attack of Monty Python coming on
[12:47] {dino} lol
[12:47] {dino} you just stick to barney
[12:47] {Threei} rofl
[12:47] {Threei} high five dino
[12:47] {nemo} that's disgusting, but reminds me of a joke from a meditteranean geography regardin different age groups and a crow bar
[12:48] {Threei} ummm
[12:48] {dino} obama "prevented 10 of thousands of layoffs" where do we figure this out from?
[12:48] {nemo} I won't
[12:48] {dino} in the re-election will he claim i saved millions of jobs but created none
06[12:49] * Threei kicks LVS in the rear
[12:52] {Threei} 1:1
[12:52] {Threei} I always loved Las Vegas
[12:53] {Threei} flashing lights... good food...
[12:53] {Threei} now it's a stock giving profits
[12:53] {nemo} and your favorite part ?
[12:53] {ese} dohhhhh plus .12 on lvs not .13 hmmmmm i'll learn to add and subtract one day
[12:53] {Threei} what's not to like
[12:56] {_slentz} LVS SCALP?
[12:56] {Threei} get out here IMO
[12:56] {_slentz} .10 trail stop
[12:56] {magoo} i here?
06[12:57] * Threei slaps magoo around a bit with a large acknowldedgment of magoo's heavenly presence
[12:57] {dino} heavenly?
[12:57] {dino} heavily i think you mean
[12:57] {Threei} it's Monday dino... on Mondays I am both generous and sarcastic
[12:57] {Threei} and that's one deadly moxious combination
[12:58] {Threei} White House CEA's Romer: Reform can reduce but not eliminate risk of future economic crises
[12:58] {Threei} - Calls for sensible 'rules of the road'
[12:59] {Threei} General Accountability Office (GAO): US Govt has not collected the full revenue associated with gas royalty plan; with some money 'left on the table' (related UNG )
[12:59] {Threei} huh?
[13:05] {ese} lvs ...classic.....bounce off of 18.....
[13:06] {ese} sorry....... retreat from
[13:06] {Threei} [12:56] {Threei} get out here IMO
[13:06] {Threei} was I right or what
[13:07] {ese} nice momo spot on this one this morning vad.........
[13:08] {Threei} if not for this speech that could intorduce a lot of disturbance, I would have said "let's buy 1K and hold it for 18"
[13:08] {Threei} while scalping another lot
[13:08] {Threei} unbrella principle
[13:08] {Threei} n=m
[13:09] {ese} indeed
[13:09] {nemo} I thought "m" = e/c2?
[13:10] {Threei} yes
[13:10] {Threei} n=m, m=e/c2
[13:10] {Threei} what's wrong with this chain?
[13:10] {nemo} what's "n"?
[13:11] {Threei} sigh... n is equal m
[13:11] {Threei} is it not enough for definition?
[13:11] {nemo} like "whose on first"
[13:14] {Threei} NYSE Euronext: Supports Obama's calls for reform; cannot let the opportunity for reform pass
[13:14] {Threei} why do I feel sketpical about any reform proposed or supported by NYSE
[13:15] {nemo} rhetorical, huh?
[13:16] {dino} reform? if they just enforced the old rules...
[13:16] {dino} be careful for what you wish
[13:16] {larisa} is there anything with big "O" in it you do not feel sceptical about? :)
[13:16] {Threei} yes
[13:16] {Threei} bacOn
[13:16] {larisa} lol
[13:17] {Threei} but in this case I was mostly railing about NYSE :)
[13:17] {Threei} let them reform things, we will find ourselves in specialist outcry market
[13:17] {dino} yes, i actually thought his kid school talk was on the mark
[13:17] {Threei} and phone orders
[13:20] {larisa} k, now i am too vevy vevy spectical
[13:21] {dino} :)
[13:22] {dino} i'm a jaded soul larisa
[13:25] {ese} outta here everyone....it's auditions for my High School rhythm and blues band this week so i gotta go.......vad tks....am thanking my lucky stars the day i met you up here a U of Victoria...take care all
[13:25] {larisa} lol
[13:25] {larisa} bye ese
[13:26] {ese} cya laris
[13:26] {dino} cya es
[13:26] {Threei} take care ese
[13:27] {Threei} VICL Ticking higher on vague positive chatter concerning usage of one of its drugs in an H1N1 vaccine (5.30, +0.18, 3.52%)
[13:30] {dino} ctcm to flat thing won't move
[13:30] {Threei} MSFT Reportedly planning to add visual search feature to Bing search engine (24.98, +0.12, 0.48%)
[13:33] {dino} sfsf to .88
[13:40] {fernp} BAC vertical
[13:41] {dino} out ctcm flat
[13:45] {dino} out sfsf .96, +.21
[13:48] {dino} crm l .50
[13:52] {Threei} LVS non stop now
[13:55] {magoo} lvs making me feel stupid
[13:56] {Threei} shrug
06[13:58] * magoo slaps lasertrev around a bit with a large trout
[13:58] {nemo} I was gonna' say mags
[13:59] {magoo} go ahead
[13:59] {nemo} think he's a spy?
[13:59] {lasertrev} stop slapping me
[13:59] {nemo} think skinned
[13:59] {Threei} they can't trev
[13:59] {nemo} thin
[13:59] {Threei} it's in their blood
[14:00] {lasertrev} lol
[14:00] {Threei} kind of reflex, you know
[14:00] {Threei} see someone whose nick starts with laser, slap
[14:00] {nemo} look at my name trev...how do you think I feel when they trout me
[14:01] {nemo} somewhat fratricidal, although...Cain got over it
[14:01] {lasertrev} swim fast nemo
[14:01] {nemo} I suffer from an identity crisis also...we don't know whether I'm a fish...mad submarine captain...or line out of a Greek fable
[14:02] {Threei} in all three cases, you better keep away from sharks
[14:02] {nemo} well, if I'm a lamprey...it's o.k.
[14:06] {magoo} mkts dangerously close to exploding
[14:08] {Threei} Long Setup: AIG 40 break half lot
[14:08] {Threei} if stays above .85
[14:12] {_slentz} AIG STILL GOOD?
[14:12] {Threei} it went to .70
[14:12] {Threei} in my book, that seriously below .85
[14:15] {Threei} OPTR Data From Optimer''s Second Phase 3 Study of Prulifloxacin Presented at Annual Interscience Conference on Antimicrobial Agents and Chemotherapy (ICAAC) (13.22, +0.18, 1.38%)
[14:17] {Threei} wheew
[14:17] {Threei} managed to gran .15 - .20
[14:17] {Threei} out .63 and .76
[14:17] {Threei} anyone ventured?
[14:18] {fernp} are u serious?
[14:19] {Threei} yes
[14:19] {fernp} gj
[14:19] {Threei} bio stocks react well on news these days
[14:19] {Threei} so I kept finger on a trigger after posting news
[14:22] {Threei} Long Setup: UAUA .20 break if stays above .10
[14:22] {Threei} .15 for scalprs
[14:22] {magoo} i was reading cramers realmoney site..and go figure..i missed making "real $$" lol
[14:23] {Threei} serves you well for reading crap
[14:24] {Threei} have to leave for 30 min guys, gotta pick up wife from ferry
[14:27] {magoo} u sure?
[14:41] {dptl} .
[14:44] {nemo} 1:1 uaua
[14:53] {dino} gj
[14:54] {nemo} just calling it for vad while he performs his husbandly duties
[14:55] {dptl} lol
[14:55] {nemo} Wonder if he's thinking, "Oh Gawd what's Nemo saying while I'm away!"
[14:57] {nemo} 1:2
[14:59] {dino} hod
[15:00] {nemo} new high in S&P?
[15:11] {Threei} bac
[15:11] {Threei} back too
[15:11] {Threei} good boy UAUA
[15:12] {Threei} snyone played?
[15:12] {jmb} Thanks Vad
[15:12] {nemo} ty
[15:12] {Threei} :)
[15:12] {_slentz} ty 500 still in
[15:13] {Threei} BAC NY AG will file charges against certain 'high ranking' BAC executives in coming weeks - CNBC citing sources
[15:13] {Threei} - Related to Merrill Lynch merger
[15:20] {Threei} awww
[15:20] {Threei} why wasn't I here for GE 15 break
[15:20] {nemo} because your married
[15:20] {Threei} oh
[15:20] {Threei} that
[15:20] {Threei} yeah
[15:20] {nemo} sometimes I think you just set them up
[15:21] {Threei} look at the texbook intraday chart
[15:29] {dino} crm stopped -.15
[15:36] {dino} clw sm l .60
[15:36] {dino} kbr l .85
[15:40] {fernp} have a good evening all. see u tomorrow
[15:40] {Threei} take care fern
[15:41] {Threei} markey shrugged off all the concenrs once again and resumed this slow relentless march
[15:41] {Threei} poor bears
[15:41] {Threei} US) NYPD raiding homes in Queens as part of terrorism investigation - local TV reports
[15:45] {Threei} LVS, GE, UAUA will be candidates for tomrrow as well
[15:45] {Threei} DRYS too
[15:46] {Threei} 15:45 (CH) White House: Dispute with China over tire tariffs is not anticipated to damage other issues such as North Korea (related USD/KRW EWJ EWY )
[15:46] {Threei} 15:42 (IA) White House: Iran's refusal to discuss nuclear issues in negotiations would show a lack of cooperation with international community
[15:46] {nemo} fdx really moved the last couple of days
[15:51] {Threei} Fed's Yellen: Unemployment to remain elevated for a few years; sees U shaped recovery; commercial real estate defaults are rising
[15:51] {Threei} oh come on Yellen, get with the program... green shoots everywhere
[15:52] {Threei} okay guys, no more
[15:53] {Threei} trades for today
[15:53] {nemo} cya
[15:53] {Threei} not bad day
[15:53] {dptl} have a good evening all
[15:53] {Threei} thank you all, have a good evening
[15:53] {Threei} see you tomorrow
[15:53] {larisa} bye :)

Sep 11 2009

With AXL, LVS and HIG we had some nice plays a couple of stops. Positive but nothing superexciting

Session Time: Fri Sep 11 00:00:00 2009

[07:33] {Threei} bonus alert for early risers:

[07:33] {Threei} AXL

[07:33] {Threei} see if we get pullback to grab

[07:33] {Threei} upgraded with 13 target

[07:34] {Threei} powerful break over all resistances

[07:36] {Threei} fern, maybe time to look at immigration laws and rules:

[07:36] {Threei} (SP) ECB's Ordonez: Spain's deficit requires structural reforms including spending cuts, could require tax hikes

[07:50] {fernp} No thanks, too boring

[07:50] {fernp} I know nothing about immigration laws

[07:50] {fernp} ah! good morning everybody

[07:50] {Threei} nah, I meant for yourself :)

[07:50] {Threei} morning

[07:52] {nemo} haroo

[07:52] {Threei} you think?

06[07:54] * nemo slaps magoo around a bit with a large trout

[07:54] {magoo} morning

[07:54] {magoo} fast:)

[07:54] {Threei} wow... that's what I call pre-emptive slap

[07:54] {Threei} hi mags

[07:54] {Threei} [07:33] {Threei} bonus alert for early risers:

[07:54] {Threei} [07:33] {Threei} AXL

[07:54] {Threei} [07:33] {Threei} see if we get pullback to grab

[07:54] {Threei} [07:33] {Threei} upgraded with 13 target

[07:54] {Threei} [07:34] {Threei} powerful break over all resistances

[07:54] {magoo} feel likke he was stalking me

[07:54] {nemo} always kick a man when he's down, else, he might start kicking you if hee gets up

[07:56] {magoo} u get in AXL vad?

[07:57] {Threei} no

[07:57] {magoo} no chartds to see if pulld back

[07:57] {Threei} it was around 7.20 when I saw it

[07:58] {nemo} No, totally reflex mags...like snapshooting a buck you bust out of the brush

[08:00] {nemo} gold at 1004

[08:02] {Threei} wow

[08:02] {Threei} PD) POLISH JULY TRADE BALANCE: -551M V -57ME; CURRENT ACCOUT: -565M V 293ME

[08:02] {Threei} unless it's an error, that's some discrepancy

[08:03] {Threei} HIG high print

[08:03] {nemo} wow axl

[08:05] {magoo} vad

[08:05] {magoo} was there even HIG news yesterday?

[08:05] {Threei} nope

[08:05] {Threei} there is general positive statements about insurance companies

[08:05] {Threei} nothing very specific

[08:06] {Threei} LVS Sterne, Agee Raised LVS to buy from hold, price target: $24.50

[08:06] {magoo} wow..ok..im not too fam w/axl..is it a runner..mojo like 2-3 pts?

[08:06] {Threei} well... it has a history of moving from 3 to 6 in one day

[08:07] {magoo} lets see..6 minus 3 +? um erb

[08:07] {Threei} ummm... 1.24?

[08:07] {magoo} thank u

[08:07] {Threei} sure thing

[08:08] {Threei} tap me every time you need help with math

[08:08] {Threei} I am thinking...

[08:08] {nemo} oh jeez

[08:08] {Threei} is it time to confess I have half lot HIG overnight or magoo will kill me?

[08:08] {Threei} maybe better fess up after he makes some money and feels gentlier

[08:09] {magoo} F..i had 6k and cut afterhrs

[08:09] {magoo} u shopuld have leyt me know

[08:09] {Threei} not time yet then

[08:11] {magoo} vad..dcc

[08:11] {Threei} Las Vegas Sands Corp Sterne, Agee Raised LVS to buy from hold, price target: $24.50

[08:11] {Threei} - Firm believes that the Company will soon be the largest player in Asia casino gaming, a market we remain very positive on short and long-term, 2) the potential for exceedingly large equity appreciation upside based on certain valuation scenarios and 3) dissipating liquidity concerns.

[08:15] {magoo} any news AIG

[08:16] {Threei} 05:47 AIG Wells Fargo Cuts AIG to Sell from Hold

[08:16] {Threei} 8:32:05 PM

[08:16] {Threei} American International Group, Inc Reportedly, may seek to sell parts of some units as opposed to entire businesses in order to retain large tax benefits

[08:16] {Threei} - If AIG sells more than 20% of a unit it could lose the ability to reduce future tax bills.

[08:16] {Threei} - At the end of June, AIG recognized close to $12.8B of deferred tax assets.

[08:16] {Threei} - If AIG's businesses become more stable, the company deferred tax assets could rise.

[08:16] {magoo} oh oh..sell

[08:17] {Threei} Yesterday 18:30 (US) White House: Pres Obama to give speech on financial crisis on Monday in New York; The speech will focus on winding down the government's role in the financial sector

[08:18] {Threei} Friday, September 11, 2009 8:15:18 AM

[08:18] {Threei} Evergreen Solar Inc Launches new line of off-grid panels

[08:18] {Threei} - Introduces new ES-C Series solar panels, designed to substantially expand the company's offering for the global off-grid market. This new line of 80, 120 and 125 W panels will be manufactured by Evergreen Solar's contract manufacturing partner, Jiawei Solarchina Co., Ltd., using cells supplied by Evergreen Solar.

[08:18] {Threei} - Evergreen is accepting orders now for initial shipments beginning in October.

[08:20] {magoo} vad, whats feel for today..gut says "pullbk or rallY or flat"?

[08:21] {Threei} rally... but it's so early

[08:21] {nemo} wonder if it being "9/11" will cast a pall

[08:22] {magoo} AXL pulls bk

[08:27] {magoo} nice bid @ .37

[08:29] {magoo} vad..any numbers today?

[08:30] {Threei} 8:30am Aug Import Price Index (last m/m -0.7%, y/y -19.3%)

[08:30] {Threei} 9:55am Sept prelim Univ of Michigan confidence (last 65.7)

[08:30] {Threei} 10:00am July Wholesale Inventories (last -1.7%)

[08:30] {Threei} 2:00pm Aug Monthly Budget Statement (last -$111.9B)

[08:30] {Threei} AUG IMPORT PRICE INDEX M/M: 2.0% V 1.0%E; Y/Y: -15% V -15.9%E

[08:36] {magoo} news GRMN?

[08:37] {Threei} 03:14 GRMN BofA/Merrill Lynch Raised GRMN to Buy from Sell, price target: $45.00

[08:37] {Threei} - Firm states improving near-term trends in the auto GPS (PND) market

[08:41] {Threei} be back in 10

[08:45] {nemo} gold going vertical

[08:49] {magoo} why is MGM ripping ..news vad?

[08:49] {nemo} lvs news?

[08:49] {nemo} mgm

[08:49] {nemo} oops

[08:50] {nemo} wow, nice chart too

[08:53] {cosmo} back.... i guess

[08:53] {cosmo} ...for now...

[08:53] {cosmo} wanna stay there though....sigh

[08:54] {Threei} cosmo!

[08:54] {cosmo} yes...still...

[08:55] {Threei} [08:11] {Threei} Las Vegas Sands Corp Sterne, Agee Raised LVS to buy from hold, price target: $24.50

[08:55] {Threei} [08:11] {Threei} - Firm believes that the Company will soon be the largest player in Asia casino gaming, a market we remain very positive on short and long-term, 2) the potential for exceedingly large equity appreciation upside based on certain valuation scenarios and 3) dissipating liquidity concerns.

[08:55] {Threei} how was vacation?

[08:56] {cosmo} its like heaven ... without having to die first

[08:57] {cosmo} http://www.bluemtnranch.com/

[08:57] {cosmo} deer, antelope, elk

[08:57] {cosmo} all over

[08:58] {cosmo} and its bow season for the elk..... sheesh

[08:58] {cosmo} place looks like the Serengetti

[08:58] {nemo} oh, that would have been great

[09:00] {Threei} FDX Q1 earnings to exceed guidance; Q1 seen at $0.50, (72.66, 0.00, 0.00%)

[09:01] {nemo} indexes popping

[09:01] {Raven} nice cosmo ... do you now chew tobacco ??

[09:02] {cosmo} no ... that stuff is weird

[09:02] {Raven} lol ... herbal

[09:02] {nemo} it's all herbal

[09:02] {cosmo} yea... no buzz either...

[09:03] {Raven} buzz is required

[09:04] {Raven} I bet it ruins the taste of gin

[09:04] {Threei} lol

[09:07] {cosmo} ...npoe... gin still tastes great as a chaser...

[09:07] {cosmo} nope

[09:08] {Raven} that's good news then

[09:10] {cosmo} herded some cattle and horses on an ATV

[09:11] {cosmo} wheelies can scare them

[09:11] {cosmo} herded some elk in a truck

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:14] {Raven} nice cosmo

[09:15] {cosmo} i tried to be...

[09:15] {larisa} gm :)

[09:15] {Raven} I know ... it is difficult

[09:15] {Threei} larisa :)

[09:15] {Raven} l:)

[09:16] {larisa} cosmo, raven, vad :)

[09:16] {cosmo} lars:)

[09:17] {ese} good morning

[09:17] {Threei} ese :)

[09:18] {nemo} amed almost 40 dino

[09:21] {Threei} before market opens,

[09:21] {Threei} conference in Freeport, Bahamas program:

[09:21] {Threei} http://caratrading.com/22CB10CPDF08252009.pdf

[09:21] {dino} not in

[09:21] {Threei} I have details of my two-day's seminar including real time trading

[09:22] {Threei} they are not online yet but if someone interested, dcc me, I'll send you the file

[09:24] {bluejet} GM

[09:24] {Threei} bluejet :)

[09:24] {nemo} look at gold

[09:25] {Threei} what for?

[09:25] {nemo} for info

[09:25] {Threei} you have a plays suggestion on that?

[09:25] {nemo} not at the moment

[09:26] {Threei} then it's just info for info sake?

[09:26] {nemo} got it

[09:26] {Threei} AXL, LVS, MGM, HIG

[09:27] {cosmo} DRYS

[09:27] {cosmo} 6.75 so far

[09:29] {Threei} .85 so far LVS resistance

[09:31] {Threei} too hectic jump

[09:32] {Threei} LVS pullbck closer to .70 for entry

[09:33] {Threei} Long Setup: AXL .55

[09:33] {Threei} if stays above .40

[09:33] {dino} cov

[09:34] {Threei} most likely more than a scalp

[09:34] {Threei} capable of 8

[09:34] {dptl} good morning all

[09:34] {Threei} dp :)

[09:34] {Threei} LVS

[09:35] {Threei} .70 recross long

[09:35] {Threei} if holding .60

[09:35] {Threei} 1:1

[09:37] {fernp} out AXL ty

[09:37] {Threei} AXL 1:1, half out

[09:37] {ese} OK rats....starting out like yesterday....missed the axl call

[09:38] {Threei} LVS 1:2

[09:38] {ese} pullbacks likely vad for axl

[09:38] {magoo} ouit .74 AXL TY

[09:38] {ese} well done all

[09:38] {Threei} LVS 1:3

[09:39] {Threei} LVS is likely to pull back now to about .80

[09:39] {Threei} AXL dfoesn't look like pulling back to me

[09:39] {Threei} but if does, I'd look for re-entry near .50

[09:40] {ese} tks vad

[09:40] {Threei} LVS pace picks up

[09:40] {Threei} may turn into momo

[09:42] {Threei} here it is

[09:42] {Threei} .55 break long

[09:42] {Threei} stop under .45

[09:42] {ese} bstop mtw.01

[09:42] {ese} small

[09:43] {Threei} LVS... momo

[09:43] {dino} cov hl s .50 jumpy

[09:45] {magoo} lvs in 17

[09:45] {Threei} AXL no go this time

[09:48] {magoo} back in AXL'

[09:49] {nemo} where?

[09:49] {magoo} cross .50

[09:49] {magoo} scalpin tho

[09:49] {ese} l uaua .60

[09:49] {magoo} out .63

[09:49] {magoo} dl

[09:50] {magoo} out .24 LVS

[09:50] {magoo} prob reenter

[09:50] {dino} brc

[09:50] {fernp} DRYS ese

[09:51] {Threei} Long Setup: HIG .90 break if holding above .80

[09:51] {magoo} in

[09:52] {ese} out uaua .70 +.10

[09:52] {Threei} market spike is coming it seems

[09:52] {ese} hey fern.....yes i'm in......have been accumulating a position over the last 3 months

[09:54] {fernp} ty again Vad

[09:54] {Threei} :)

[09:54] {nemo} lvs drop

[09:55] {Threei} *SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 70.2 V 67.5E

[09:55] {ese} uaua doesn't want to quit

[09:55] {nemo} hig touched 1:1

[09:55] {Threei} this is priceless:

[09:55] {Threei} Fed's Evans: Inflation and inflation expectations are under control

[09:58] {fernp} ok ese, scalping mode here. grabbed +.13 inDRYS when broke hod

[09:58] {Threei} interested in BRCM but would like to see market calming down a little and taking direction more confidently

[09:58] {dino} cov cov -.23\

[09:58] {nemo} lower volume on DT axl

[09:58] {Threei} ummm... fern... you mean you have any other modes than scalping?? :)

[09:58] {fernp} NO.

[09:58] {fernp} :)

[09:59] {Threei} thought so

[09:59] {Threei} you have buttons "Scalping On and Go Sleep {G}

[09:59] {fernp} yes, lol

[10:00] {Threei} (better than mine set of buttons that have Go Sleep, Don't Wake Up, Ignore Magoo and Say No to Nemo)

[10:00] {nemo} Why?

[10:01] {nemo} You sound like Nancy Reagan

[10:01] {Threei} No

[10:01] {nemo} button works

[10:01] {nemo} Oh...that was before your time

[10:01] {fernp} you forgot "go monastry buttom"

[10:01] {Threei} lol

[10:01] {ese} bstop hit mtw long .03

[10:02] {nemo} he speld it koreqtly two

[10:02] {Threei} LVS

[10:02] {Threei} so far this retreat looks like bull flag

[10:02] {Threei} not ready for entry yet but on watch

[10:04] {Threei} JULY WHOLESALE INVENTORIES: -1.4% V -1.0%E

[10:04] {nemo} BRCM approaching low and pivot

[10:04] {Threei} BRCM is largely market follower

[10:04] {dino} ice

[10:06] {dino} cov s.89

[10:06] {dino} stop hod

[10:08] {Threei} (US) Coast Guard has fired on suspecious vessel on Potoamc River near DC -CNN

[10:09] {Threei} suspecious... someone in the news wire service with my typing skills

[10:09] {nemo} 9/11 jitters

[10:09] {nemo} first they take Captain Obvious away from you...now this

06[10:09] * nemo passes Vad a tissue

[10:09] {Threei} I am getting stripped of all my achievements I was so proud of

[10:10] {nemo} Pride always cometh before the fall

[10:10] {nemo} News FITB?

[10:10] {Threei} now, if they master the skill to trade and generally function while in coma... there won't be anything for me out there

[10:10] {Threei} no FITB

[10:11] {nemo} dropped rather precipitously

[10:11] {Threei} oh boy

[10:11] {Threei} rumor mill scrapes the bottom of the barrel:

[10:11] {Threei} DSTI Ticking higher on takeover chatter circulating (0.66, +0.09, 14.78%)

[10:14] {dino} cov cov .49, +.40 fl

[10:15] {Threei} LVS bounced with no warning

[10:15] {Threei} so, let's see if we get double bottom instead

[10:15] {Threei} oullback to under 17.10

[10:16] {Threei} would be entry as long as holding above 17

[10:16] {Threei} (CA) Canadian Fin Min Flaherty: States that economies remain fragile; States that now not time to create further political instability

[10:17] {Threei} sigh... country on the verge of absolutely unneeded election that no one wants

[10:17] {ese} i like an "ouilback"

[10:17] {Threei} 4th in 5 years

[10:17] {Threei} my last attempt to take back the title of worst speller/typist in the world, ese...

[10:18] {cosmo} you need someone like Arnold up there...

[10:18] {Threei} 'cause competition sure is fierce and growing

[10:18] {ese} l stld .83

[10:18] {dino} titn l .27, stop .23

[10:21] {ese} l axl .64

[10:22] {ese} out stld .90 +.07

[10:22] {dino} titn to .34

[10:24] {dino} bad slip out flat

[10:24] {ese} out axl .70 +.06

[10:24] {dino} avav l .95, stop .79

[10:25] {magoo} nice ese..out here .69

[10:26] {ese} tks

[10:26] {ese} l axl again.66

[10:26] {dino} infa

[10:27] {magoo} there she blows

[10:27] {Threei} AXL iksploschion

[10:28] {ese} out axl .87 +.21 on 3k.......works for me

[10:28] {Threei} lol, I'll say

[10:28] {ese} were you in axl mags

[10:28] {dino} stopped avav

[10:29] {magoo} missed that one..nioce tho...im hitting it large sh too

[10:29] {Threei} 8

[10:29] {_slentz} 8 in

[10:29] {ese} team works mags....team work

[10:30] {magoo} ya..da..worx

[10:31] {ese} ya ya...be da bor da bede.....

[10:31] {magoo} wrr[pkirsjorjo

[10:32] {ese} definately

[10:32] {magoo} MGM vad

[10:32] {magoo} strong

[10:32] {nemo} frickin hig

[10:32] {Threei} LVS forms C&H

[10:32] {magoo} in lvs..earlier .17

[10:33] {magoo} looking for a rrriiiiiiiiiippppppppp

[10:33] {Threei} .30 -.32 break is launch pad for it

[10:33] {magoo} bjut will eject .97

[10:34] {magoo} ill add at .32

[10:34] {magoo} like jesse

[10:35] {Threei} (US) White House Econoimc Romer: Q3 GDP is looking to read as a postive figure according to current economist reads -Bloomberg TV

[10:35] {Threei} - Romer does not expect to see a double digit recession

[10:36] {Threei} all it tells us is that if we do see double digits it will be unexpected fopr Romer

[10:36] {ese} out mtw .00 -.03 on 1k of the little bugars

[10:37] {Threei} sharp pullback LVS

[10:37] {ese} it's doin in nuttin nuttin i tell ya!

[10:37] {Threei} Long Setup: AXL .90 break if holding above .80

[10:39] {ese} well my goodness...nuan shows up on my very high volume scan.......long time no hear from

[10:40] {ese} watching axl as well vad

[10:40] {dino} hei, thinny\

[10:44] {dino} infa s .24 hl

[10:46] {_slentz} axl still good ?

[10:47] {ese} hmmmm was lookin the other way slenta

[10:47] {ese} slentz

[10:47] {Threei} I'd like it to spend a few min in this range to reestablish it again

[10:47] {nemo} broke below .80

[10:48] {Threei} ok... setup is back on AXL I'd think

[10:49] {magoo} OPXA at it

[10:49] {Threei} another rumor I'd guess

[10:49] {dino} infa stopped -.19

[10:49] {Threei} lvs

[10:50] {Threei} Long Setup: BRCM .40 break if stays above .30

[10:52] {ese} axl should ouilback to about .82 or lower and bonce

[10:52] {ese} bounce

[10:52] {Threei} bonce is good

[10:53] {Threei} we can start TV show "So you think you can bonce"

[10:53] {nemo} It definitely won't be "So you think you can spell"

[10:53] {ese} l axl .83

[10:54] {Threei} Long Setup: UAUA 7.86 break

[10:55] {ese} i might be in slightly early here....but i think it will be ok

[10:56] {magoo} accidentally quad filled BRCM

[10:56] {magoo} l .40

[10:56] {ese} i's lookin like the double bottom i thought it was

[10:56] {Threei} what kind of accident is that

[10:56] {magoo} put in order twice

[10:57] {Threei} and then twice more?

[10:57] {magoo} ya

[10:57] {Threei} okay... that's some accident

[10:57] {magoo} only intended for 1k

[10:57] {magoo} got 4

[10:57] {nemo} mmmmhhhh

[10:57] {magoo} wont care if worx lol

[10:58] {Threei} AXL... let's repeat that iksplosion, will ya

[10:58] {magoo} if does will be 4 x as pissed at vad then usual :)

06[10:59] * Threei crawls in nemo's cave, closes the door puts blanket over his head

[10:59] {nemo} roll over

[10:59] {magoo} and to his surprise..sees magoo over in other corner of cave

[10:59] {nemo} frickin squatters

[11:00] {ese} out axl .91 +.08

[11:01] {ese} give me a break...ok .9098 to be exact..........thats .91 as far as i'm concerned

[11:02] {Threei} lol

[11:02] {ese} these brokers are getting nit picky with money aren't they ...sheeeesh

[11:05] {fernp} UAUA is still valid?

[11:05] {Threei} yes

[11:05] {fernp} ty

[11:05] {magoo} MGM doin it

[11:06] {magoo} unreal strength in yourcow

[11:07] {ese} was watchin that as well mags

[11:07] {ese} i'm feeling at one with you today mags

[11:08] {nemo} get a room

[11:08] {ese} what was the news on mgm

[11:08] {nemo} news on lvs

[11:08] {Threei} none... LVS upgrade

[11:09] {Threei} BRCM held support with heavenly precision

[11:09] {Threei} need market break now and will be golden

[11:09] {ese} heavenly precision...........

[11:09] {ese} golden?

[11:09] {nemo} scary huh?

[11:09] {ese} yup

[11:09] {Threei} half out UAUA

[11:11] {Threei} ok

[11:11] {Threei} market is ready for a steep step up

[11:11] {ese} uaua same break mgm

[11:11] {Threei} should lift all boats

[11:12] {ese} as mgm

[11:12] {Threei} BRCM, UAUA, AXL

[11:12] {dino} amed drop

[11:12] {nemo} big one dino

[11:13] {magoo} MGM vad..13 comith

[11:13] {Threei} .27 - .30 was its breakout mags

[11:14] {Threei} can't in all conscience chase it here

[11:14] {ese} mgm

[11:14] {magoo} no..i just want you watchin it

[11:14] {magoo} may RIPPPPPP

[11:14] {ese} beat me too it

[11:14] {Threei} in other words you want me to worrrrk

[11:15] {magoo} from a coma state of course

[11:15] {Threei} that's where our interests are diametrally opposite

[11:15] {Threei} US Senate Majority Leader Reid sends letter to President Obama; asks for support of tariffs on Chinese tire imports

[11:15] {Threei} - Letter dated 9/2

[11:15] {magoo} hig could be bouncer

[11:15] {magoo} not in

[11:15] {ese} ouilback in mgm.....

[11:16] {ese} pullback

[11:16] {dino} brc lod

[11:20] {Threei} SVA Ticking higher; hearing rumors company may have secured a vaccine order from the US Govt (10.09, +0.60, 6.32%)

[11:22] {Threei} I envision this Rumor City where there is a Rumor Bunker under the Rumor Plaza surface... 15 guys of Rumor Team sit around the table, deciding on the next rumor to launch

[11:23] {Threei} come on market

[11:23] {Threei} enough games

[11:25] {ese} thats funny vad

[11:25] {ese} rumor bunker........

[11:27] {Threei} US President Obama speech to take place Monday may focus on financial reform need (related XLF EUR/USD USD/JPY USD/CHF )

[11:28] {Threei} this market doesn't like

[11:28] {fernp} out BRCM

[11:43] {ese} take care all......have to go into school......have a great weekend and we'll see you monday

[11:43] {Threei} take care ese

[11:43] {magoo} u too

[11:43] {ese} cya

[11:43] {dino} cya es

[11:52] {Threei} Long Setup: AXL .60 break

[11:52] {Threei} if holding .50

[11:57] {dino} amag drop

[12:11] {nemo} dino...kickin' myself for amed @ .35

[12:21] {dino} me too

[12:22] {nemo} was watchin' the 1 min. chart. 5 minute confirmed too...somebody trout me

[12:24] {dino} brc bottomed maybe

[12:24] {larisa} AMED yes, nice setup it was, you deserve trout :)

[12:25] {dino} lol

[12:25] {dino} avav seems to be getting stronger

[12:27] {dino} ctrp lod

[12:37] {nemo} tck might be bottoming

[12:45] {dino} nemo, ctrp, we missed too

[12:46] {nemo} yeah, but that volume pattern scares me a bit...everything scares me a bit

[12:48] {nemo} rimm looks intersting here

[12:49] {nemo} eh...market follower

[12:53] {dino} brc l .15

[12:53] {dino} ctrp lod

[13:21] {magoo} vad..we in anything?

[13:21] {Threei} coma

[13:21] {nemo} hey!

[13:22] {Threei} market seems to be picking up

[13:22] {Threei} but honsetly, almost impossible to judge whether it's reversing or just bouncing a bit before dying

[13:35] {Threei} US) Centers for Disease Control (CDC): US could experience some peaks in swine flu before vaccinations occur

[13:35] {Threei} - says we are "in a race" to get H1N1 flu vaccine available to people

[13:37] {Threei} remember all those MTXX rumors of late?

[13:37] {Threei} Matrixx Initiatives Inc. Blog report circulating that cites Matrixx spokesman saying the company "has no intention" of reformulating Zicam product

[13:37] {Threei} - if true, this would refute some recent rumors that the company might try to reformulate the product to get it back on store shelves.

[13:47] {Threei} Preview: August US Monthly Budget Statement due out at 2pmET

[13:47] {Threei} **consensus expectation: -$139.5Be v -$111.9B prior

[13:50] {Threei} volume today is practically non-existent

[14:00] {Threei} AUG MONTHLY BUDGET STATEMENT: -$111.4B V -$139.5BE

[14:14] {dino} for a fri in sept. nothing moving since noon

[14:18] {dino} pcs

[14:25] {Threei} yawn

[14:25] {fernp} eh?..ahh!

[14:33] {nemo} I think I'll self-flagellate some more over amed

[14:33] {dino} sm l nav .95

[14:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:52] {nemo} Blew it again...was looking at the box range on between 1-2:15 was thinking 69.90...shoulda hit .95 on the retest at 2:30....

[14:53] {nemo} fcx, that is

[14:54] {dino} bummer

[14:57] {dino} nav stopped

[15:19] {dptl} have a good weekend all

[15:19] {Threei} take care dp

[15:19] {nemo} oh...you're awake

[15:20] {dino} cya dppp]

[15:22] {Threei} trying to decide whether UAUA worth a try for eod run or not

[15:22] {Threei} doubtfully...

[15:24] {nemo} nav rinse

[15:24] {dino} of course, yesterday and todat lots of rinses

[15:28] {nemo} let's see...dress socks to the left....casual socks....mmmmhhh...middle, yeah....athletic socks to the right...gotta' get the woolies out...

[15:31] {Threei} I don't know how you handle that much excietment nemo

[15:32] {Threei} bluejet... admin asked to ask you to check your e-mail

[15:33] {nemo} nuthin'

[15:34] {dino} brc out flat

[15:35] {nemo} "I don't want to be Mr. Pink"

[15:37] {Threei} I want to buy something

[15:37] {magoo} AIG

[15:37] {nemo} no...this is a joke coming

[15:40] {Threei} AIG actually goes

[15:40] {Threei} lol

[15:41] {dino} hl l ctrp .05

[15:42] {Threei} wow

[15:43] {nemo} market end positive?

[15:43] {Threei} mixed

[15:43] {Threei} DJI -5

[15:43] {Threei} NQ+2

[15:43] {nemo} 17 minutes

[15:43] {fernp} have a great weekend everybody. see u on monday.

[15:43] {Threei} S&P+2

[15:44] {Threei} take care fern

[15:49] {dino} cya fern

[15:50] {dino} out ctrp .29, +.24

[15:50] {nemo} kewl

[15:53] {Threei} AIG big pullback

[15:54] {nemo} yesterday's close

[15:54] {nemo} you play the bounce

[15:54] {Threei} a bit too closse to close

[15:55] {nemo} gnite folks c u monday...gods willing :)

[15:55] {Threei} take care nemo

[15:57] {dino} cya nemo\

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} have a great weekend

[15:58] {Threei} see you on Monday

[15:58] {larisa} see you monday :)

Sep 10 2009

Some UAUA playes, some HIG... a bit boring though

Session Time: Thu Sep 10 00:00:00 2009

[07:56] {magoo} morning

[08:00] {Threei} wow... it is...

[08:01] {magoo} comes to fast eh...

[08:02] {magoo} how was mkt rest of day vad?

[08:02] {Threei} let mw try and remember

[08:03] {Threei} mostly quiet,

[08:03] {Threei} GE gave us nice bounce scalp on decent shares,

[08:04] {Threei} VVUS made another run at the highs, hasn't quite reached it but was playable

[08:04] {Threei} dino shorted RCL while I hit it over the head,

[08:04] {Threei} (combined effort worked)

[08:05] {Threei} and I suggested whole room to slap nemo but wasn't supported by these wussies and got a debate with him instead

[08:05] {Threei} you know "why oh why" kind

[08:06] {magoo} nemo is quite the argumentive type lol...i would have just backed your play and slapped him silly

[08:07] {Threei} i know

[08:07] {Threei} [15:04] {Alert} Threei VVUS... we need magoo

[08:07] {Threei} [15:04] {Alert} Threei he will cry bitterly tomorrow seeing this

[08:13] {magoo} dvax \

[08:15] {Threei} 6:45:33 AM

[08:15] {Threei} Dynavax Technologies Reports FDA Removes Clinical Hold on HEPLISAVTM Phase 3 Hepatitis B Vaccine

[08:15] {Threei} - Today announced that the U.S. Food and Drug Administration (FDA) has removed the clinical hold for the HEPLISAVTM Investigational New Drug (IND) application in individuals with chronic kidney disease. HEPLISAV is a Phase 3 investigational adult hepatitis B vaccine designed to provide increased, rapid protection with fewer doses than current licensed vaccines.

[08:16] {Threei} - As a result of the FDAs decision, Dynavax expects to initiate a Phase 3 trial in chronic kidney disease patients in the near-term. Dynavax also plans to initiate a Phase 3 lot-to-lot consistency trial in adults over 40 years of age in early 2010.

[08:17] {Threei} ESE Brean Murray Initiates ESE with Buy, price target: $42

[08:17] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:17] {Threei} - Expectations for initial claims are 560K v prior release of 570K (range seen from 535K to 570K)

[08:17] {Threei} - Continuing claims seen at 6.200M v prior 6.234M. (range seen from 6.050M to 6.300M)

[08:28] {magoo} ese halted?

[08:28] {magoo} news MON?

[08:28] {nemo} ahhhhhh....another day in Paradise....oh...I'm still alive...

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 550K V 560KE; CONTINUING CLAIMS: 6.088M V 6.200ME

[08:31] {Threei} 03:01 MON Guides FY10 EPS $3.10-3.30 v $4.08e (unclear if comp)

[08:31] {Threei} - Reaffirms FY09 guidance at the low end of $4.40-4.50 v $4.41e (for the 6th time)

[08:31] {Threei}

[08:32] {magoo} VVUS still has some left i see

[08:32] {magoo} whats high yrsterday

[08:33] {Threei} 12.49

[08:33] {magoo} ty

[08:37] {magoo} crushing MON

[08:48] {brian3579} gm all

[08:49] {Threei} brian :)

[08:57] {Threei} 07:17 UAUA JPMorgan Raised UAUA to Overweight from Underweight, price target: $13

[08:57] {larisa} good morning :)

[08:58] {Threei} larisa :)

[08:58] {larisa} :)

[09:00] {Threei} SPIR Signs collabortaion with UNICOR for solar systems (4.47, 0.00, 0.00%)

[09:00] {Threei} STEM to Initiate First Ever Neural Stem Cell Trial in Myelination Disorder (1.70, 0.00, 0.00%)

[09:02] {Threei} GNBT Announces USFDA Approval of Use of Company''s Flagship Buccal Insulin Product, Generex Oral-lyn(TM), Under the USFDA''S Treatment Investigational New Drug (IND) Program (0.68, 0.00, 0.00%)

[09:03] {Threei} btw larisa, magoo is not hopeless... he phoned me yesterday after president's speech, crying, deeply touched, in a state of emotional shock...

[09:04] {larisa} hope you cried back :)

[09:05] {Threei} I couldn't, I fainted

[09:05] {magoo} it was a spiritual moment

[09:05] {Threei} obviously

[09:06] {Threei} for an hour after that I was waiting for nemo to call

[09:06] {nemo} I forgot to watch...I was picking lint out of my belly button

[09:06] {Threei} you are just saying that... don't be embarassed to express your feelings

[09:07] {Threei} on second thought...

[09:07] {Threei} nag, kepp them to yourslef pls

[09:07] {nemo} hehehehe

[09:07] {nemo} here it comes...

[09:08] {Threei} UAUA on watch for possible momo

[09:08] {fernp} good morning everybody

[09:08] {Threei} fern :)

[09:16] {ese} good morning

[09:16] {Threei} ese :)

[09:17] {Threei} 08:17] {Alert} Threei ESE Brean Murray Initiates ESE with Buy, price target: $42

[09:18] {dino} gm all

[09:20] {ese} huh?

[09:20] {ese} well how bout that.....a stock with my handle

[09:20] {Threei} dino :)

[09:21] {Threei} ask Brean Murray, ese...

[09:21] {Threei} I thought you'd like that

[09:21] {Threei} there is also RAVN

[09:21] {ese} who in&^%%$# is Brean Murray

[09:21] {Threei} and LARS

[09:22] {dptl} good morning all

[09:22] {Threei} dp :)

[09:23] {ese} dp,laris nemo

[09:23] {nemo} haroo

[09:23] {larisa} :)

[09:25] {ese} opps and mags and dino

[09:29] {dino} :)\

[09:29] {dino} giddy-up

[09:31] {Threei} Long Setup: UAUA 7.15 break

[09:32] {Threei} stop under 7

[09:32] {magoo} in

[09:33] {ese} missed rats

[09:33] {magoo} out .24 TY

[09:33] {ese} saw the call too late

[09:33] {ese} nice mags

[09:33] {magoo} quad lot

[09:33] {ese} yo .........

[09:34] {magoo} VVUS smacked

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

[09:35] {magoo} drat :)

[09:35] {magoo} GE smacked vad

[09:38] {Threei} SQNM Hearing takeover chatter circulating (6.09, +0.26, 4.46%) (related ROG.SZ )

[09:38] {Threei} but of course

[09:40] {dino} careful

[09:40] {Threei} forthose who partialled, stop to under .25

[09:40] {Threei} for scalpers, new setup:

[09:40] {Threei} Long Setup: UAUA .35 break if stays above .25

[09:41] {magoo} in

[09:42] {Threei} 1:1

[09:42] {magoo} out .44

[09:42] {magoo} ty

[09:46] {dino} ebix blood again

[09:47] {dino} -10 in day

[09:47] {fernp} BAC 16.75?

[09:47] {Threei} yes

[09:47] {Threei} break of it

[09:47] {magoo} man GE vad

[09:47] {Threei} stop under .70

[09:47] {fernp} ok

[09:48] {Threei} I am not delighted mags

[09:48] {Threei} BAC 1:1

[09:49] {Threei} GE started the day by drop even though market spiked up,

[09:49] {Threei} it drops disporportionally large when market retreats

[09:50] {Threei} and it hasnb't dropped as much as to become a capitalotion bounce candidate

[09:50] {fernp} out here. TY Vad

[09:50] {Threei} :)

[09:50] {Threei} even now, look at 1 min on GE,

[09:50] {Threei} while price forms valid bounce setup with .65 break trigger

[09:50] {Threei} volume doesn't match

[09:51] {Threei} nah, I am staying away for now

[09:52] {nemo} sheesh...amed

[09:52] {Threei} 1:2 BAC

[09:52] {Threei} nice spot fern

[09:52] {magoo} scalpers regrett big time uaua

[09:52] {fernp} :)

[09:53] {Threei} [09:08] {Threei} UAUA on watch for possible momo

[09:53] {Threei} ENER Hearing DB making cautious comments (timing uncertain)

[09:53] {Threei} - DB believes it would make no sense for AMAT to buy ENER. (12.71, +0.37, 3.00%) (related AMAT )

[09:56] {Threei} (US) Sen Shelby R (AL) : Seeking to 'slow the train down' on regulation change; Sees good prospect of eventual and meaningful reform (related EUR/USD )

[09:57] {Threei} (IA) Iranian weapon cache has been found in Afghanistan - CNN

[09:58] {dino} ebix sm l .90

[10:00] {magoo} VVUS vad

[10:00] {dino} cctr hl l .74

[10:01] {Threei} VVUS,

[10:01] {Threei} I can't give any technicals

[10:01] {Threei} but 13 seems very likely today, and quite possibly higher

[10:01] {magoo} just alerting u..i know..momo

[10:02] {dino} that was cstr sorry

[10:02] {Threei} UAUA...

[10:03] {dino} stop is .44 cstr

[10:04] {nemo} oil info today, might be why uaua

[10:05] {Threei} 08:57] {Alert} Threei 07:17 UAUA JPMorgan Raised UAUA to Overweight from Underweight, price target: $13

[10:05] {nemo} oh...nevermind...however oil out this morning

[10:06] {dino} pot gap fill and then some

[10:10] {Threei} thar she blows

[10:10] {nemo} who?

[10:10] {Threei} VVUS

[10:10] {Threei} [10:01] {Threei} but 13 seems very likely today, and quite possibly higher

[10:12] {dino} titn hl l .50

[10:17] {dino} guess who's coming on tv

[10:17] {Threei} nnnooooo

[10:17] {Threei} really?

[10:17] {nemo} elvis?

[10:17] {nemo} michael jackson?

[10:18] {ese} Vad give me an opinion on swks consolidation please

[10:18] {dino} god

[10:18] {nemo} must be on all stations

[10:18] {Threei} I like chart ese,

[10:18] {Threei} not sure about volatility

[10:18] {Threei} a bit too big for your style

[10:18] {ese} ture

[10:18] {Threei} can dive or spike 10 cents in one gasp

[10:20] {ese} tks

[10:24] {nemo} amed absorbing volume increase in a somall range after declining highs...possible short?

[10:24] {nemo} somall=small

[10:24] {dino} dk nemo, caution as dropped from 43 last week to 30

[10:25] {nemo} yeah, the CEO left?

[10:25] {dino} wou;d think 40 strike comes into play in couple days

[10:26] {dino} been buying the pullbacks for days, that has been working, fwiw

[10:27] {ese} L swks .01 1k lot here on pullback

[10:28] {ese} see if it can get back to it's high of the day

[10:29] {dino} swm

[10:30] {ese} it's been upgrades up the ying yang...should acount for something

[10:30] {ese} upgraded

[10:30] {nemo} next we should hear a rumor of a buyout

[10:30] {Threei} US FTC Chairman: There exist scams aimed at defrauding Govt of stimulus cash - Senate testimony

[10:30] {Threei} nnnnoooooo

[10:30] {nemo} yeah, it's called the budget

[10:30] {Threei} my world comes crashing down

[10:30] {ese} noooooooooo!!!!!!!!

[10:30] {ese} nodbody would do that

[10:31] {Threei} you mean some people actually will steal from the government??

[10:31] {dino} i am shocked

[10:31] {Threei} our gentle trusting generous government??

[10:31] {nemo} well, the government steals from them first

[10:31] {Threei} hmmm... pres just said he loves nurses

[10:32] {nemo} in the Biblical sense?

[10:32] {dptl} lol

[10:32] {Threei} and hurriedlt added that Michelee knows

[10:32] {nemo} probably has her dress up for him

[10:32] {nemo} oops

[10:32] {nemo} sorry

[10:32] {Threei} sigh

[10:32] {dino} i prefer waitresses, i ask for something, they bring it

[10:32] {Threei} nemo

[10:33] {Threei} how about we institute this rule for you:

[10:33] {nemo} yeah....

[10:33] {Threei} you type what you have to say,

[10:33] {nemo} count to 1000

[10:33] {Threei} then read it,

[10:33] {Threei} then inhale

[10:33] {Threei} then exhale

[10:33] {Threei} then read it again

[10:33] {Threei} and only then decide if you want to hit that enter

[10:34] {Threei} GM To reportedly offer 60 day money back guarantee on new vehicles - unconfirmed report (related F F.IT )

[10:34] {Threei} good bye rent

[10:34] {ese} a couple of months back somebody on this board suggested that instead of the stimulus package they should fund every american 1 million dollars....population is what 350/400 million........would have been a better way to do it I think

[10:34] {dino} lol, and you think repos are a problem

[10:34] {Threei} I come for vacation, I buy GM vehicle, I return in in two weeks

[10:34] {dino} me, i sduggeted that

[10:35] {ese} lots of merrit to it I think dino

[10:35] {nemo} yeah, the logic is so iron clad, it's ridiculous

[10:35] {dino} ty guys, usually i'm off base

[10:35] {Threei} cool nemo, from the time it took you to react I assume you started implementing the rule {G}

[10:35] {nemo} [10:34] {ese} a couple of months back somebody on this board suggested that instead of the stimulus package they should fund every american 1 million dollars....population is what 350/400 million........would have been a better way to do it I think

[10:36] {nemo} check your math ese:

[10:36] {ese} everybody get 1 mil......nobody will want o steal......

[10:36] {nemo} 350,000,000 X1,000,000= 350,000,000,000,000

[10:36] {Threei} lol

[10:36] {ese} OK half a mil then

[10:36] {Threei} anyone actually understands that?

[10:37] {Threei} HIG...

[10:37] {Threei} HIG Exec: Does not make sense to become a leader in the annuity market (23.06, +0.05, 0.22%)

[10:37] {Threei} this is the reason for spike?

[10:38] {ese} 1/4 of a mil ?

[10:38] {nemo} you're a math teacher, aren't you?

[10:39] {Threei} HIG tortures me

[10:39] {magoo} u mean "us"

[10:39] {Threei} something happens there

[10:39] {Threei} but can't pinpojnt eh setup

[10:39] {ese} ya they chuck me into a math classroom when nobody else will do it

[10:39] {Threei} eh = the

[10:41] {dino} what the heck yesterday they admitted that they blew 85billion on gm,chrysler

[10:42] {dino} maybe should've just given us all a 50k auto

[10:42] {Threei} BCRX Stock trading higher ahead of Rodman & Renshaw conference presentation at 2:25pmET (11.39, +0.51, 4.69%)

[10:43] {Threei} HIG, I am crying

[10:43] {nemo} aig, I'm crying

[10:43] {Threei} VVUS

[10:43] {Threei} hard pullback

[10:44] {Threei} US) Reportedly a group of 20 congressmen have sent a letter to CFTC's Gensler requesting limitations on energy market speculators

[10:44] {Threei} imbecils

[10:48] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11amET

[10:48] {Threei} **consensus expectations:

[10:48] {Threei} Crude: -1.6Me

[10:48] {Threei} Gasoline: -1.4Me

[10:48] {Threei} Distillate: +750Ke

[10:49] {Threei} can't believe it

[10:49] {Threei} I am looking at HIG ever since it started touching 23 for a break

[10:49] {nemo} politician told the truth?

[10:49] {Threei} and can't find setup

[10:50] {Threei} and thing goes a buck

[10:50] {Threei} what was the name of that sitcom...

[10:50] {Threei} just shoot me

[10:50] {nemo} had that one shot at .05

[10:50] {nemo} pun intended

[10:51] {nemo} that was the name of the sitcom

[10:51] {nemo} George Segal

[10:52] {nemo} look at AIG go too

[10:52] {dino} amag

[10:56] {nemo} hig pullback

[10:58] {dino} out ebix .50,

[10:58] {dino} +1.59

[10:59] {larisa} gj

[10:59] {ese} nice dino

[10:59] {ese} what was you in 47?

[10:59] {dino} ty

[10:59] {ese} your

[10:59] {dino} 47.91

[10:59] {dino} posted above

[11:00] {ese} nemo dcc

[11:04] {dino} avav hl l .00 stop .68

[11:11] {Threei} US House Speaker Pelosi: Confident US Pres Obama will sign healthcare reform bill this year (related IYH )

[11:15] {dino} cstr stopped .59, -.15

[11:16] {dino} amag hmmm

[11:19] {ese} ahhhh come on swks.........should i take my 40 bucks and be done with it or should i hold on........lets have a board vote for fun

[11:19] {dino} hl l amag .80, stop .49

[11:20] {ese} am counting on vads assesment of this stock.....can bounce .10 in a heartbeat

[11:21] {ese} and this one is making 5 year highs.......keeps going up until it doesn't

[11:23] {dino} take the $

[11:23] {dino} mkt not cooperating

[11:23] {ese} ok......we have one take the money

[11:23] {Threei} all morning mkoves occured within 13 points NQ

[11:23] {dino} and buy me lunch

[11:23] {nemo} Yeah, go Steve Miller

[11:23] {Threei} be happy wqe found what we did

[11:24] {ese} true.......

[11:24] {nemo} No HOPE allowed

[11:24] {nemo} (as swks continues to creep higher)

[11:25] {Threei} I missed your entry ese

[11:25] {Threei} where are you in from?

[11:25] {ese} .01 vad

[11:25] {Threei} cool beans

[11:25] {Threei} sell half if in doubt

[11:25] {ese} 1k.....for the excitement of it all

[11:26] {Threei} trail stop to b/e

[11:26] {Threei} see if you get breakoput for the second half

[11:26] {Threei} sheesh, my typing becomes worse by minute

[11:27] {ese} done stop .02 to cover commision

[11:27] {nemo} amed running for strike Dino

[11:28] {ese} out 1/2 .22 +.21

[11:29] {ese} this is working like a plan

[11:29] {Threei} stress-free trading

[11:29] {dino} pretty much there imo nemo, 40s

[11:29] {nemo} vvus vad

[11:29] {ese} question is....how far will it go after .25

[11:29] {dino} hard stop .49 so let her trade

[11:29] {Threei} and just two years ago you didn't believe me it was possible

[11:29] {Threei} no read nemo

[11:29] {Threei} it's on my screen

[11:30] {Threei} Mitsubishi Motors Chrysler, Mitsubishi and Hyundai have ended manufacturing alliance

[11:30] {Threei} - Chrysler's GEMA plant would have produced engines for all three auto makers, will now make engines for Chrysler alone.

[11:31] {Threei} oil numbers soon

[11:32] {dino} sopped amag

[11:32] {nemo} huh? oh

[11:34] {dino} stopped....vad spelling issues

[11:34] {nemo} yeah

[11:34] {Threei} sorry dino

[11:34] {fernp} lol

[11:34] {dino} your fault vad

[11:34] {dino} :)

[11:35] {Threei} I know

[11:35] {Threei} UAUA is back to highs

[11:36] {nemo} you picked the bottom on amag dino

[11:37] {dino} f'ing amed

[11:37] {dino} amag

[11:37] {nemo} yeah

[11:39] {nemo} bullish oil report

[11:41] {dino} trgl?

[11:43] {_gnslng} .

[11:43] {nemo} ?

[11:44] {Threei} no news TRGL

[11:48] {dino} missed it

[11:49] {dino} cstr hl l .35 last try

[11:51] {Threei} hmm

[11:51] {Threei} I think I forgot to post oil numbers

[11:51] {Threei} *DOE CRUDE: -5.9M V -1.6ME; GASOLINE: +2.07M V -1.4ME; DISTILLATE: +1.99M V +750KE; CAPACITY UTILIZATION: 87.2% V 86.8%E.

[11:51] {Threei} - Distillate demand -15K bpd to 3.48M bpd

[11:51] {Threei} - Gasoline demand -195K bpd to 9.28M bpd

[11:51] {nemo} [11:39] {nemo} bullish oil report

[11:52] {Threei} case of inhale and exhale

[11:52] {Threei} don't add that much value {G}

[11:52] {Threei} market hasn't reacted either way anyway

[11:52] {nemo} yeah, should have had a question mark after it. ERX popped but then dropped back.

[11:53] {nemo} Loook oil inventory down....mmmmmhhh....gas inventory up

[12:03] {dino} trgl s .90

[12:03] {dino} hl

[12:03] {dino} prx

[12:11] {Threei} (US) Senator Baucus (D): President Obama has injected "new life" into the healthcare reform process in the Senate

[12:11] {Threei} - Senator Baucus says his committee's plan closely tracks Obama's priorities.

[12:14] {Threei} things are frozen solid

[12:15] {nemo} coma time

[12:16] {Threei} ese, look dcc please

[12:17] {nemo} see that volume spike on cstr dino

[12:18] {dino} y

[12:18] {dino} didn't move it

[12:18] {nemo} bringing some volume in though

[12:19] {dino} two edge sword

[12:21] {nemo} yeah, if it doesn't move it

[12:22] {dino} the only way it moves is if i get out

[12:22] {nemo} or i get in

[12:23] {dino} lol

[12:23] {nemo} wouldn't do that to you Dino

[12:23] {nemo} be guaranteed to test the low

[12:29] {dino} amag hl l .61 stop .39 last try

[12:34] {Threei} US) Fed's Lockhart: Must remain mindful of the global role of the USD, level of US public debt is sustainable despite recent growth; says Fed is not monitizing debt

[12:34] {nemo} Can't wait for Santa to visit

[12:35] {Threei} you arwe so cynical

[12:35] {Threei} I for one believe him

[12:35] {nemo} learned from you

[12:35] {Threei} well, magoo also learned typing from me

[12:35] {Threei} look where it got him

06[12:36] * nemo crawls in cave...closes door...pulls blanket over head

[12:36] {Threei} - US will depend less on the rest of the world to finance debt as current account balance shrinks

[12:37] {Threei} VVUS flatlined

[12:37] {Threei} often starts anther climb after such stall

[12:38] {Threei} let's say,

[12:38] {Threei} 15 long,

[12:38] {Threei} stop under 12,

[12:38] {Threei} and considering time of the day'

[12:39] {Threei} discretionary ttade

[12:39] {Threei} you likey - you takie

[12:40] {nemo} they heard you call your stop

[12:53] {Threei} stuill valid but I am not too jazzed about it

[12:54] {Threei} whole market is frozen

[12:54] {Threei} so we are in coma

[12:54] {Threei} HIG is active though

[12:57] {Threei} VVUS invalidated now

[13:05] {ese} yaaaaaaaaaaaaaaawn.........still watching swks.........somebody otta give it a good swks in the???? stock trading in slow motion

[13:08] {Threei} 44% Favor Presidents Health Care Plan, 53% Oppose

[13:11] {dino} avav stopped -.22

[13:12] {dino} cstr stopped -.27

[13:19] {Threei} want to start trying HIG for an ultimate breakout?

[13:19] {Threei} .400 break is long trigger

[13:19] {Threei} stop under .30 for daytraders

[13:19] {Threei} under .35 for hardcore scalpers

[13:20] {Threei} won't be ab easy trade by any means

[13:20] {magoo} ok

[13:21] {dino} rcl s .01

[13:29] {fernp} invalidate HIG, no?

[13:29] {nemo} broke .30

[13:29] {nemo} short below .25?

[13:30] {nemo} which is R2

[13:32] {Threei} HIG is kind of on and off

[13:32] {Threei} invalidated but can reestablish itself

[13:32] {Threei} US) Senior Fed Economist suggests 2% inflation target may be too low - WSJ

[13:32] {Threei} - higher target may be needed to avoid restraints while rates are extraordinarily low

[13:33] {nemo} I've got a real nasty thing to say to him

[13:33] {Threei} I don't

[13:33] {nemo} why

[13:33] {Threei} physical violence is the opnly thing I see as approriate

[13:33] {nemo} oh...man after my own heart

[13:33] {Threei} no words can help in this case

[13:36] {dino} the only way out is to re-inflate it

[13:37] {nemo} that's the problem, it's not working

[13:37] {dino} don't kid yourself, the powers that be want to remain in power

[13:37] {Threei} IA) US Officials: Iranian proposal does not necessarily respond to US concerns over nuclear program

[13:37] {nemo} I understand, but the ability to reinflate has been waning with each bubble...asymptotic

[13:37] {Threei} sure dino, but so far they just couldn't find the way to do that

[13:37] {Threei} right, what nemo said

[13:38] {nemo} I channeled that

[13:38] {Threei} there are voices that say:

[13:38] {dino} it will happen, world is just a bit afraid so propping $, give it time

[13:38] {nemo} Vad, that's sticking your chin out

[13:38] {Threei} no amount of money printed can return us to inflation at this point UNTIL we print enough to cover the debt

[13:38] {dino} nah

[13:39] {magoo} vad..mkt ram or rot in last hour and half iyo?

[13:39] {Threei} and with THIS amount of debt, we haven't started making a dent in it

[13:39] {dino} debt will not matter once dollar devalues

[13:39] {Threei} neither mags

[13:39] {nemo} if $ devalues who can afford what?

[13:39] {Threei} I am not saying those voices got it exactly right

[13:40] {Threei} but there is something to it

[13:40] {dino} hard assets go up nemo

[13:40] {nemo} but crushes consumer

[13:41] {Threei} HIG... pullback entry is obviously better way to play it,

[13:41] {Threei} problem is, unlike many stocks we play on pyullbacks,

[13:41] {Threei} this one doesn't form a minirange before bouncing back

[13:41] {dino} in beginning no, better than deflation by far. inflation is hidden until out of control, say over 10%

[13:43] {Threei} let's try conservative entry on HIG

[13:44] {Threei} broke, retreated a bit

[13:44] {Threei} if we are lucky, we may get pullback to .35 or so

[13:44] {magoo} nice chart

[13:44] {Threei} come on HIG, a bit more down

[13:45] {ese} come on swks...a bit more up

[13:46] {_gnslng} .

[13:46] {nemo} ?

[13:47] {ese} ?

[13:48] {Threei} \|/

[13:48] {fernp} i dont understand you

[13:48] {dino} rimm hl l .50rcl stopped -.06

[13:48] {nemo} amzn flying

[13:48] {Threei} very shallow pullback HIG

[13:49] {magoo} must confess...in

[13:49] {Threei} I suspected as much

[13:49] {nemo} where mags?

[13:49] {Threei} hate this kind where I can't give exact entry

[13:49] {dino} avav l .78 last try

[13:50] {Threei} let's compare notes mags

[13:50] {Threei} I took .38

[13:50] {Threei} you?

[13:50] {magoo} .25

[13:50] {Threei} I hate you

[13:51] {magoo} i know

[13:51] {larisa} .25 13:36? or earlier?

[13:51] {nemo} john 3:16

[13:51] {magoo} yes

[13:51] {nemo} clear as mud

[13:51] {larisa} perfect entry

[13:52] {magoo} been stalkin it all day

[13:52] {Threei} US Treasury's Geithner: Banking system has a lot more capital now - testimony Q

[13:52] {Threei} oh good

[13:52] {Threei} I am happy for them

[13:52] {dino} s/p broke highs 1038

[13:52] {dino} 39

[13:52] {Threei} financial system now is stronger than on the eve of the collapse - testimony Q

[13:52] {Threei} - Notes that the financial system is less likely to be a headwind

[13:53] {Threei} with guys like Geiithner, what chance do I ahve to defend my title of Captain Obvious?

[13:54] {nemo} you're toast

[13:54] {dino} rimm to b/e

[13:54] {Threei} Motorola Inc CO-CEO: MOT will announce a new smartphone product called Cliq today that is android based

[13:54] {Threei} - Aiming to unveil an additional smartphone in coming weeks. To sell Cliq through T-mobile in the US; and be available for holidays

[13:54] {Threei} - Note: on 8/28 MOT commented that it was building its phone business around the GOOG android platform

[13:57] {magoo} where u thinkin ecit vad?

[13:58] {Threei} ecit?

[13:58] {nemo} It's Threeish

[13:58] {Threei} exit? oh boy

[13:58] {ese} out in full, 1/2 lot swks .37 +.36

[13:59] {Threei} wtg ese

[13:59] {Threei} mags, you really need to distance yorself from me a bit

[13:59] {Threei} it progresses

[13:59] {ese} thats it for moi today everyone.....see you tomorrow......

[13:59] {Threei} take care ese

[13:59] {nemo} What's a half lot for you ese, 10k shares?

[13:59] {Threei} I'd think somewhere above .70 mags

[13:59] {ese} love that stress free trading style of yours vad

[13:59] {Threei} but partial

[13:59] {dino} out rimm +.20

[14:00] {ese} 500 shs.......should have been this time nemo

[14:00] {ese} cya

[14:00] {Threei} yeah... try to do it with stress for years, day in day out,

[14:00] {Threei} you'll be burnt out pretty fast

[14:00] {dino} cya es

[14:02] {dino} 9630 resis.

[14:02] {dino} bang

[14:08] {Threei} VNDA Hearing takeover chatter circulating

[14:08] {Threei} - Takeda rumored as potential acquirer (13.90, +0.67, 5.06%) (related 4502.JP )

[14:08] {Threei} suuure

[14:08] {Threei} rumor mill just goes over all the recent names

[14:09] {Threei} whoever bough at 14.17 a few min ago thinks now "jeez, let the buyout come soon enough and be at 14.20 at least"

[14:11] {dino} \out avav +.11

[14:16] {Threei} how did I miss BRCM

[14:16] {Threei} 38 breakout, textbook

[14:16] {nemo} you mean 30?

[14:17] {nemo} cat same at .28

[14:18] {Threei} and scanner had it

[14:18] {nemo} Mags' fault

[14:18] {Threei} must be

[14:19] {dino} avav l .01 ave

[14:24] {magoo} out .89 vad HIG TY

[14:24] {Threei} wtg

[14:25] {Threei} this one worked fine, except entry was tough to call

[14:26] {magoo} not showing my out, but got .89

[14:26] {Threei} 14:25, printed .89

[14:26] {dino} avav to .18

[14:27] {dino} swm

[14:28] {dino} out avav .22, +.21

[14:29] {dino} opps slippage ave .20

[14:29] {dino} titn all day stopped -.20

[14:32] {dino} swm s hl .06

[14:33] {Threei} BCRX Reiterates expects to begin the US phase 3 trials of Premavir flu treatment this fall and winter- conf slides

[14:33] {Threei} - the drug has already been in phase 3 trials in Asia. (10.89, +0.01, 0.09%)

[14:44] {dino} swm tighten bstop to .27

[14:46] {dino} dv

[14:51] {dino} omcl

[14:55] {dino} rcl s .55

[14:55] {Threei} HIG new high

[14:58] {Threei} interesting, no other finnie is that strong

[15:02] {Threei} good pullback

[15:02] {Threei} .90 break long

[15:02] {Threei} for bounce

[15:02] {Threei} styop under .85

[15:06] {Threei} no go

[15:09] {Threei} ZGEN Discloses prelim results of Phase2 study by MRK on rheumatoid arthritis did not meet pre specific level of diseas contol activity (6.38, -0.04, -0.62%) (related MRK )

[15:09] {Threei} ouch

[15:09] {dino} zgen

[15:09] {dino} opps

[15:10] {Threei} caught short just above 6

[15:10] {Threei} out 5.60

[15:12] {dino} reload?

[15:12] {Threei} not sure

[15:12] {Threei} forst reaction is emotions

[15:13] {Threei} for another entry gotta look into company

[15:13] {Threei} what else do they have ina pipeline

[15:13] {Threei} how important this particular drug was for them

[15:14] {dino} gut says if gets close to hod short it

[15:15] {dptl} have a good evening all

[15:15] {Threei} take care dp

[15:15] {dino} cya dpppppppp

[15:16] {dptl} :)

[15:20] {dino} rcl to .45

[15:20] {dino} cov +.10

[15:28] {dino} zgen s .10

[15:30] {dino} swm stopped -.21

[15:30] {fernp} have a good evening everybody. see u all tomorrow

[15:30] {Threei} take care fern

[15:30] {dino} cya fern

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 895M shares, about 6% above its three-month average; advancers lead decliners by 2.3:1.

[15:31] {Threei} - NASDAQ volume 2.03B shares, about 12% above its three-month average; advancers lead decliners by 1.3:1.

[15:31] {Threei} - VIX index -2.75% to just over 23.50

[15:32] {Threei} joined you dino

[15:32] {Threei} stop above .20

[15:33] {Threei} doesn't want to drop

[15:33] {Threei} oh well

[15:33] {nemo} market rising

[15:33] {dino} nope

[15:33] {Threei} ZFEN has nothing to do with market direction

[15:33] {dino} zgen that is

[15:33] {Threei} ZGEN'

[15:34] {dino} seems bad is good for it

[15:35] {Threei} no signs of late day run in UAUA

[15:36] {Threei} nor VVUS

[15:36] {magoo} how about hig

[15:36] {Threei} just sits there as well

[15:37] {Threei} although this one can spike out of nowhere

[15:43] {Threei} C Citigroup officers win dismissal of auction rate securities (ARS) lawsuit that claimed they manipulated the market (4.72, +0.06, 1.29%)

[15:43] {Threei} SEC will propose new rules on Flash orders on Sept 17

[15:43] {Threei} imbecils

[15:44] {dino} avav l .75

[15:48] {Threei} okay guys, don't want to engage in anything this late

[15:49] {Threei} too slow day

[15:49] {dino} trgl stopped -.12

[15:49] {Threei} except morning plays, nothing much came about

[15:49] {Threei} somehowI slept through BRCM perfect setup though

[15:49] {Threei} oh well

[15:49] {Threei} have a good evening, see you tomorrow

[15:50] {dino} nav l .30

[15:50] {larisa} bye :)

[15:51] {dino} cya larisa

[15:51] {larisa} :)

[15:57] {dino} nav stopped

[15:58] {dino} avav out .86 +.11

Sep 09 2009

Slow climb continues, and as it's often the case in this type of the market, we are having profitable but somewhat boring days. Among all the usuals like HIG, AXL, GE etc, one momo trader was VVUS. I wanted to say "exciting" but one has to be careful speaking of this particular name.

Session Time: Wed Sep 09 00:00:00 2009

[07:50] {nemo} you there

[07:56] {magoo} morning

[07:56] {nemo} magus :)

[07:57] {magoo} cap'n

[08:06] {magoo} opxa selling off

[08:09] {Threei} September 09, 2009 12:11:00 AM

[08:09] {Threei} Aruba Networks Wireless LANs have been deployed by Britthaven

[08:09] {Threei} - Britthaven, Inc. has deployed adaptive Wi-Fi networks across 60 skilled nursing facilities and retirement homes in Kentucky, North Carolina, and Virginia.

[08:09] {Threei} - The facilities range in size from 37 to 250 beds, and many feature specialized therapy services and 24 x 7 admissions.

[08:09] {Threei} - Pharmacy management and access to clinical documentation are business-critical tasks that require secure, reliable connectivity.

[08:09] {Threei} ARUN Wedbush Morgan Raised ARUN to Buy from Hold, price target: $11

[08:16] {magoo} morn vad:)

[08:16] {Threei} mags :)

[08:20] {magoo} i believe AAPL has some news today, out yuetr?

[08:20] {magoo} yet

[08:20] {nemo} speaking french mags?

[08:21] {Threei} AAPL Apple Insider speculates that company to lowes prices accross the IPod product range at today's event

[08:30] {Threei} US) Fed's Evans: Recovery has begun in the US, expects unemployment to rise over 10%

[08:42] {Threei} jeez... look who is back on airwaves

[08:42] {Threei} US) Former Fed Chairman Greenspan: Could take until the end of 2009 before inventories are fully exhausted, expects "fairly pronounced" recovery in US and globally

[08:42] {Threei} - Excessive inventories remain in the system

[08:43] {Threei} some just can't shut up

[08:43] {Threei} it's as if they wake up in the morning and think, have I caused enough damage or I can do some more for my country

[08:46] {magoo} news HITK vad?

[08:46] {Threei} no

[08:47] {Threei} US) Fed's Evans: Unsure about the Fed's role in deflating asset bubbles

[08:48] {Threei} Note: Fed's Bernanke is firmly against the idea of using monetary to burst asset price bubble

[08:48] {Threei} do we hold our breath for them to acknowledge that the very Fed existence CREATES bubbles?

[08:49] {nemo} no

[08:52] {magoo} vvus news vad?

[08:53] {Threei} 6:01:41 AM

[08:53] {Threei} VIVUS, Inc Two Phase III studies in Qnexa met all primary endpoints

[08:53] {Threei} - The EQUIP and CONQUER studies met all primary endpoints by demonstrating statistically significant weight loss with all three doses of Qnexa, as compared to placebo. Patients taking Qnexa also achieved significant improvements in cardiovascular and metabolic risk factors including blood pressure, lipid levels, and type 2 diabetes.

[08:54] {magoo} hm..phase 3 good

[08:54] {magoo} 12 today ??

[08:55] {Threei} Tuesday, September 08, 2009 4:35:33 PM

[08:55] {Threei} VIVUS, Inc Trades higher after disclosing it will announce results of Phase III obesity drug trial tomorrow morning

[08:55] {Threei} - plans to announce the results from the EQUIP and CONQUER Qnexa phase 3 obesity clinical trials on September 9th prior to market open. The announcement will be followed by a webcast and conference call at 8:00 a.m. Eastern time.

[08:56] {magoo} big volume here

[08:57] {Threei} certainly candidate

[08:57] {Threei} - Qnexa is also in phase 2 clinical development for the treatment of type 2 diabetes. In the area of sexual health, VIVUS is in phase 3 development with avanafil, a potentially best-in-class PDE5 inhibitor, and in phase 2 development of Luramist for the treatment of hypoactive sexual desire disorder (HSDD) in women. MUSE (alprostadil), a first generation therapy for the treatment of ED, is already on the market and generating revenue for VIVUS.

[08:58] {Threei} VVUS is trying to return to former glory

[08:58] {Threei} used to be a hihgflier, somewhere in 90s, until Viagra came around

[08:59] {magoo} hypoactive sexual desire disorder (HSDD) in women. MUSE (alprostadil),

[08:59] {magoo} leave that alone

[09:01] {nemo} marriage causes it

[09:02] {magoo} just the opposite

[09:02] {magoo} hypoactive sexual desire disorder

[09:02] {magoo} desire

[09:02] {nemo} yeah opposite of hyper

[09:02] {Threei} Former Fed Chair Greenspan: Rising Gold prices is strictly a monetary phonomenon

[09:02] {nemo} duh

[09:03] {magoo} definately the player today vad

[09:03] {magoo} in .75

[09:04] {magoo} out .04

[09:04] {magoo} warmin up :)

[09:04] {Threei} hehe... beat you by 5 cents on entry and 1 on exit

[09:05] {magoo} going to regrett that exit im sure

[09:05] {magoo} rude lol

[09:05] {nemo} hehehe

[09:06] {nemo} too many jokes in this stock

[09:06] {Threei} not reentering it before open unless pulls back significantly

[09:06] {Threei} it's volatility on the open will be brutal

[09:06] {fernp} good morning everybody

[09:06] {Threei} fern :)

[09:07] {Threei} be back in

[09:07] {Threei} 10

[09:07] {Threei} behave

[09:07] {nemo} speaking of volatility, how's aig look

[09:07] {Threei} umm... wrong

[09:07] {Threei} don't misbehave!

[09:07] {nemo} define that please

[09:07] {fernp} ave

[09:08] {fernp} sorry.. wrong windows

[09:08] {magoo} not so good imo..aig

[09:08] {magoo} sheesh

06[09:08] * magoo slaps fernp around a bit with a large trout

[09:08] {dino} gm all

[09:10] {nemo} lari dino :)

[09:10] {larisa} good morning :)

[09:10] {dino} :)

[09:17] {nemo} mags..aig may have double bottomed

[09:19] {Threei} dino, larisa :)

[09:20] {larisa} :)

[09:22] {dptl} good morning all

[09:24] {larisa} gm dp

[09:24] {Threei} dp :)

[09:24] {ese} good morning.........

[09:24] {Threei} ese :)

[09:25] {ese} looked at the pictures last night vad........love em.......especially some of the especially ones

[09:25] {ese} the individual ones

[09:25] {Threei} good to hear :)

[09:26] {Threei} let me know if you need any of them in hi res

[09:26] {ese} definately.....would like to get some of them up on the website and hopefully into a promo package

[09:27] {Threei} cool beans

06[09:27] * Threei changes his profession

[09:28] {ese} indeed........

[09:28] {Threei} couldn't bring myself to buy VVUS on this last pullback

[09:28] {Threei} you mags?

[09:29] {Threei} guys keeop AXL on a backburner somewhere

[09:29] {Threei} break of 6

[09:29] {Threei} cionsolidates for days

[09:30] {nemo} mags...aig

[09:30] {magoo} not interested in it here

[09:30] {nemo} had nice bounce

[09:31] {ese} FIG

[09:35] {dino} smg

[09:35] {Threei} great

[09:35] {Threei} look what I typed

[09:35] {Threei} Long Setup: HIG .15

[09:36] {nemo} neural implant

[09:36] {nemo} you get back in vvus at .80 mags?

[09:36] {nemo} 10.80 that is

[09:37] {Threei} 12 is coming

[09:38] {Threei} HIG pullback

[09:38] {Threei} see if it dives under .20

[09:38] {Threei} try for long entry as close to .10 as possible

[09:39] {ese} l sndk .82

[09:41] {ese} out sndk .96 +.14

[09:42] {Threei} NVAX Hearing takeover chatter circulating

[09:42] {Threei} - Novartis rumored as potential acquirer (6.18, +0.18, 3.00%) (related NVS )

[09:42] {Threei} anyone caught HIG?

[09:43] {ese} not I....was into sndk

[09:44] {ese} L nvax .15

[09:44] {fernp} i am in HIG from .17

[09:44] {Threei} you have 1:2

[09:44] {magoo} missed..was playin vvus

[09:45] {fernp} ty Vad exited .30

[09:45] {Threei} :)

[09:45] {Threei} good reflexes

[09:46] {Threei} AIG still not shirtable

[09:46] {Threei} thought on .50 short

[09:46] {ese} out NVAX .24 +.09

[09:46] {Threei} invalidated anyway, lol

[09:46] {magoo} no shirt..no service lol

[09:46] {nemo} no tickee

[09:47] {Threei} CSIQ Announces 10 MW Co-Operation Memorandum of Understanding with LG in Korea

[09:47] {ese} opps make that .235 to be exact

[09:47] {ese} tks for that one vad

[09:48] {Threei} never called it... it was all you

[09:48] {ese} wasn't it you who posted the news item

[09:48] {Threei} VVUS... pace pick up

[09:48] {ese} ?

[09:48] {ese} got me onto it

[09:48] {Threei} okay...

[09:49] {Threei} VICL Hearing takeover chatter

[09:49] {Threei} - TEVA rumored as potential acquirer above $10/shr (5.13, +0.11, 2.19%) (related TEVA )

[09:49] {Threei} what the

[09:50] {Threei} rumor city

[09:51] {fernp} SYMC interesting daily and and breaking .65 right now

[09:53] {magoo} who ever liked AIG had good read

[09:53] {magoo} im just focudsed vvus

[09:53] {magoo} 13 im thinking

[09:55] {Threei} HIG, watch for pullback under .50

[09:55] {magoo} bummed missed that..NICE vad

[09:55] {Threei} thinking entry near .40, maybe even lower

[09:55] {magoo} im in vvus rd 3

[09:55] {magoo} .95

[09:56] {Threei} was tough to alert exact entry mags

[09:56] {dino} ems

[09:56] {ese} i like HITK but the spread....sheesh

[09:56] {magoo} vvus is tough to handle with others'

[09:56] {magoo} out .24

[09:57] {ese} like that .16 cents .......no thanks

[09:58] {magoo} rd 4 in .20

[09:59] {magoo} oput .34

[09:59] {magoo} will look to reload

[10:01] {ese} L orcl .12

[10:01] {ese} yesterdays high

[10:02] {Threei} Long Setup: HIG .50 break

[10:02] {Threei} if holding .40

[10:04] {Threei} Long Setup: VVUS .50 half lot

[10:04] {Threei} if holding .30

[10:05] {magoo} in hig-mont

[10:05] {Threei} Long Setup: VVUS .15 half lot

[10:05] {Threei} if holding 12

[10:06] {ese} out orcl .17 +.05

[10:06] {dino} sm s rcl .80

[10:06] {magoo} JAZZ playin

[10:07] {ese} indeed it is

[10:08] {Threei} no go VVUS

[10:08] {magoo} read on JAZZ vaz?

[10:08] {Threei} kidding?

[10:08] {nemo} 1:1 hig

[10:08] {magoo} i never kid on MOMO

[10:09] {dino} ems

[10:10] {dino} stec

[10:11] {fernp} TY Vad +.10 HIG

[10:11] {dino} nflx

[10:11] {Threei} this time not looking for entry abiove .40 HIG

[10:11] {Threei} want it lower

[10:12] {Threei} wow

[10:12] {magoo} was there hig news?

[10:12] {nemo} what wow?

[10:12] {Threei} NFLXC news some 8 min ago

[10:12] {Threei} why spike now

[10:12] {Threei} NFLX Exec: Seeing strong earnings growth due to streaming business; FY09 earnings seen growing above +10% mark

[10:12] {Threei} - Streaming video segment is seen as gaining traction (41.62, +0.14, 0.34%)

[10:13] {Threei} nothing fresh on HIG mags

[10:13] {nemo} bouncing off yesterday close

[10:13] {magoo} like everything

[10:15] {ese} Lener pullback

[10:15] {ese} .04

[10:17] {_slentz} still in hig ?

[10:18] {Threei} not me, scalping mode

[10:18] {Threei} 1:1 is hit, out

[10:18] {magoo} whats 1:1 mean again?

[10:18] {Threei} sigh

[10:18] {Threei} someone slap him for me please

06[10:19] * nemo slaps magoo around a bit with a large nail infested 2X4

[10:19] {Threei} NVAX goes a bit crazy

[10:20] {ese} now that was funny mags

[10:23] {Threei} HIG becomes more inteersting for another entry

[10:23] {Threei} not quite reaADY YET

[10:24] {dino} hl s smg .25

[10:28] {ese} L ener again avg price .91

[10:33] {Threei} moves are somewhat strange, tough to nail down entries

[10:33] {Threei} HIG for instance:

[10:33] {Threei} price wise, it did what I wanted and expected,

[10:33] {Threei} diving under .40 and giving scalpable bounce

[10:34] {Threei} but volume and pace were so steady, no clean read on entry

[10:34] {Threei} NFLX again

[10:42] {dino} amed l .50

[10:42] {dino} hl

[10:43] {ese} L ener avg price .86

[10:43] {Threei} About $20B Loaned to GM, Chrysler Probably Will Not Be Repaid

[10:44] {Threei} hmmm... why?

[10:44] {Threei} Long Setup: BRCM .50 break if holding above .40

[10:45] {Threei} for hardcore scalpers .45

[10:45] {dino} smg to .01

[10:46] {dino} to .95

[10:46] {dino} to .85

[10:47] {dino} cov, +.40 smg

[10:47] {Threei} lol... VVUS morning hysteria took attention from AXL

[10:47] {Threei} anyone played it?

[10:47] {larisa} no, but i noticed it worked :)

[10:47] {Threei} [09:29] {Alert} Threei guys keeop AXL on a backburner somewhere

[10:47] {Threei} [09:29] {Alert} Threei break of 6

[10:47] {Threei} [09:29] {Alert} Threei cionsolidates for days

[10:51] {dino} amed to .74

[10:52] {dino} out amed .80, +.30

[10:54] {Threei} Long Setup: AXL 6.05 break

[10:54] {Threei} if stays above 6

[10:55] {dino} cisg hl l .90

[10:56] {dino} .oo i mean

[11:00] {dino} cisg stuck, tighten to .88

[11:02] {dino} rcl stopped -.23

[11:04] {ese} l qqqq's .03

[11:09] {ese} out qqqq's .02 -.01

[11:10] {Threei} you are not giving them too long leash, are you :)

[11:10] {dino} esi sm l .70

[11:10] {larisa} MTXX why is it happy ?

[11:10] {ese} no not today.....although i was watching ener yesterday and am setting up for a long play here

[11:11] {Threei} no news larisa

[11:11] {Threei} maybe it smoked something nice

[11:12] {Threei} or maybe another round of rumors about FDA and sense of smell

[11:12] {fernp} 1:1 AXL ty Vad

[11:12] {Threei} ese... if you took AXL in your usual fashion, tick over .10 gives you about all you need to 20K little buggers

[11:12] {Threei} fern :)

[11:12] {ese} will look at that

[11:12] {Threei} ummm

[11:12] {Threei} too late

[11:12] {Threei} call was .05

[11:12] {dino} cisg stopped -.13

[11:13] {Threei} I thought you'd be interested, it's very your style play

[11:13] {Threei} big liquidity, easy to play nice size

[11:13] {Threei} clean breakout

[11:13] {Threei} here we go

[11:13] {Threei} over 1:1

[11:14] {ese} L axl .1099 to be exact

[11:14] {_slentz} stay in

[11:14] {Threei} not me

[11:14] {Threei} I am still in scalping mode

[11:17] {Threei} 1:2

[11:17] {ese} out axl .15

[11:17] {Threei} for those who held which is not me :)

[11:17] {Threei} lol ese

[11:17] {ese} +.04 10k

[11:17] {Threei} you bought where I said to sell IF you had bought where I called it

[11:17] {Threei} and still made money

[11:17] {_slentz} out .15

[11:17] {Threei} those drummers...

[11:18] {ese} tks vad

[11:18] {Threei} welcome of course... but please... don't chase my calls that much

[11:19] {ese} WHAT?????

[11:19] {Threei} lol

[11:19] {Threei} ok, lookie here

[11:19] {Threei} 10:54] {Alert} Threei Long Setup: AXL 6.05 break

[11:19] {Threei} [10:55] {Alert} Threei if stays above 6

[11:19] {Threei} that was original call

[11:20] {ese} that one put me over the $1000 for today....time to go into work

[11:20] {Threei} then, thinking that you may have liked it and entered I commented for tou

[11:20] {Threei} that tick over .10 gives you exit for 1;1

[11:20] {Threei} didn't mean for you to BUY there, lol

[11:20] {magoo} theres that 1:1 again...confused

[11:20] {Threei} but hey... whatever oputs you over $1000

[11:21] {Threei} mags... let me add to your confusion and say it's at 1:2 already

[11:21] {magoo} oy

[11:21] {Threei} and coming onto 1:3

[11:21] {Threei} ese... see now what happened?

[11:22] {ese} hmmmmmmmm.......naw....stick wih the plan

[11:22] {ese} drys going nuts

[11:23] {Threei} I mean misundferatdning about how to play AXL

[11:23] {ese} ahhhhhhhh gotcha

[11:26] {ese} one of the biggest things i've learned here vad.........

[11:27] {ese} even though i can see that i would have made $1300 dollars here

[11:27] {ese} in axl

[11:27] {ese} it doesnt bother me

[11:27] {Threei} :)

[11:28] {ese} i have my tiddy little 3 to$400 profit

[11:28] {Threei} traders deal in reality

[11:28] {ese} thats good enough

[11:28] {Threei} "what if" is for analysts

[11:28] {ese} definately......

[11:28] {Threei} or, as gunslingers in novel I and dino liked said,

[11:28] {Threei} we deal in lead

[11:28] {Threei} cute... lol

[11:28] {ese} am very relaxed that way.......

[11:29] {ese} ha hah lol

[11:29] {ese} too funny

[11:29] {magoo} ok..i have to leave for rest of day..ty vad..everyone..good day..see u all tomorrow

[11:29] {dino} lead, ahh yes

[11:29] {Threei} magoo read that too but I don't want to acknowledge magoo can read

[11:30] {Threei} take care mags :)

[11:30] {dino} magoo does not read

[11:31] {Threei} and I still haven't forgiven him for not watching movie I recommnded 5 years ago

[11:32] {magoo} my wife says write it down and she'll rent it..but sghe cabt read me wreitin

[11:32] {Threei} no qwonder... who could

[11:33] {magoo} :0

[11:33] {ese} by the way dino...bought my new Taylor Made Burnner driver 460cc bullet shaped head regular flex

[11:33] {ese} 2008 model

[11:34] {ese} went to a club fitting place made the shaft with my swing and also matched it up with a Bridgestone ball

[11:34] {ese} matched

[11:36] {dino} sweet

[11:36] {Threei} US Treasury's Geithner: Americans had spent too much and invested too little in the past; Americans beginning to save once more

[11:36] {Threei} - Calls for US to regain educational lead

[11:36] {Threei} can't even beging telling how much this guy irritates me

[11:36] {ese} how about canadians on that point as well

[11:37] {Threei} maybe it's age... a lot of people irritae me, lol

[11:37] {larisa} those who invested a lot not happy these days also :)

[11:37] {Threei} heck, my own reflection in the mirror/...

[11:37] {Threei} no kidding larisa

[11:38] {dino} bingo larisa

[11:38] {Threei} and if/when they start monetizing debt and inflating their way out of it, those who kept money in the mattress won't be happy either

[11:38] {dino} if they invested more would have lost more

[11:39] {ese} dino .....my golf post above

[11:39] {Threei} BRCM...

[11:39] {ese} will have to take the club back if i don't get your approval

[11:40] {dino} smlc

[11:40] {dino} hitk

[11:40] {dino} tru

[11:41] {dino} es saw it "sweet", enjoy buddy

[11:41] {ese} ahhhhhhhhh can rest easy

[11:41] {dino} lol. busy here

[11:42] {Threei} US Senator Baucus(D): Can move forward on healthcare reform without republican support - unconfirmed report

[11:42] {Threei} translation: can... but scared to death

[11:44] {dino} my bet 3i, is they will.a beer on it

[11:45] {dino} hitk nemo or es?

[11:46] {ese} was watching it

[11:46] {ese} spread drove me crazy though ealier

[11:46] {dino} esi to .10

[11:47] {ese} up to 16 pts at one point

[11:47] {dino} make it .20

[11:47] {dino} hitk? 16

[11:48] {ese} if the stock is over 100 ok ...but a 20 dollar stock?????

[11:48] {ese} basic spread right now seems to be .06

[11:49] {dino} out esi .20, +.50

[11:49] {ese} nice

[11:49] {dino} ty

[11:50] {Threei} 78% Say All Americans Should Be Able To Buy The Health Insurance That Congress Has

[11:52] {dino} lol i'm sure they can buy it, but can they afford it?

[11:52] {dino} congress gets it for free

[11:52] {ese} it should be free to you as well dino

[11:53] {Threei} dino, I'll take the bet

[11:53] {ese} i'm from saskatchewan where health care was initialted here in canada

[11:53] {Threei} nearest cruise we meet on, beer on a losing side

[11:54] {dino} ok

[11:54] {ese} Tommy Douglas....premier of the province .......

[11:54] {Threei} my bet:

[11:55] {ese} measure of a civilized society.......takes care of it's own

[11:55] {Threei} dems won't risk pushing through full blown plan with public option without republicans support

[11:55] {larisa} Social sec, medicare were passed without republicans in the past.

[11:56] {Threei} hey... we are not arguing... we are betting :)

[11:56] {dino} i'm afraid it's a tax issue es. govt already broke on medicare, medicaid, and soon social security

[11:56] {ese} hmmmmmmm

[11:57] {dino} weell 3i, they will get one orvtwo republicans, imo

[11:57] {dino} but sure bet on

[11:57] {Threei} with public option - no way

[11:57] {Threei} the only way something gets done is heavy compromise

[11:57] {Threei} on bnoth sides

[11:57] {Threei} and public option will be first vicitm

[11:57] {dino} i think they ram it thru. we'll see. i am wrong every day

[11:57] {Threei} BRCM invalidated

[11:58] {ese} well .....hmmmmm.............producing a few less supersonic attack aircraft should od it for you........of course you can just buy the stock and away you go.......hmmmmmmm

[11:58] {ese} ya......forget it

[11:59] {dino} lol. we are talking trillions. i suppose just print it. what the heck obama running deficits higher than last 20 years combined

[12:00] {dino} but as you see, i am a supply sider, reagan had it right

[12:00] {Threei} well... there is that one little problem with printing... :)

[12:00] {dino} anyway back to work

[12:00] {Threei} yeah

[12:00] {Threei} let's leave them to argue

[12:01] {dino} right, doesn't matter what i think. when 43% don't pay any taxes, my voice gets drowned out

[12:02] {Threei} yup... old political game... buy votes by redistribution,

[12:02] {Threei} build your base by giving out to many what you take from few

[12:02] {Threei} few will be irritated but their votes are few

[12:02] {dino} rcl hl s .52 last try

[12:02] {Threei} many will get little but will vote en masse

[12:04] {dino} thats why he spoke to the school kids about responsibility and education, they will need it to pay off these debts he is creating, lol

06[12:17] * Threei slaps laserdave around a bit with a large alarm clock

[12:20] {nemo} frickin power outage, how much I miss?

[12:21] {Threei} ummm

[12:21] {Threei} fighting temtation to tell you "5 plays, 12 bucks each"

[12:21] {Threei} but in reality, AXL nice move is all

[12:21] {nemo} that I wouldn't believe

[12:21] {nemo} that I would believe

[12:21] {Threei} BRCM invalidated, never triigered

[12:22] {Threei} and we discussed whether magoo can read

[12:22] {Threei} and decided that no, he can't

[12:23] {nemo} for some reason lrn comes up when I start up laser..It was a nice short at 11:45

[12:26] {Threei} you must have put it on your screen at some point before re-saving layout

[12:26] {nemo} yeah

[12:26] {Threei} layout saves all the changes you made plus symbols you have on at the moment

[12:27] {nemo} hey, I just got an email in russian. I'll send it to you. Have no idea what it says

[12:31] {Threei} you don't want to

[12:31] {nemo} figured

[12:31] {Threei} and for pete's sake don't click any links in it

[12:32] {nemo} Nope

[12:34] {Threei} NFLX Time Warner CEO: Netflix does not give us "the right economics"

[12:34] {Threei} huh?

[12:37] {Threei} ONXX CEO: Expects to release breast cancer data soon (33.04, +0.61, 1.88%)

[12:39] {Threei} VVUS again...

[12:40] {nemo} jeez aig had a nice run this morning with that bull flag

[12:41] {dino} jdas s .04

[12:45] {dino} jdas to flat

[12:59] {Threei} market is immobile for an hour and half

[12:59] {Threei} but consolidates at high

[12:59] {dino} jdas to .92

[13:00] {nemo} next resistance .85 dino?

[13:00] {Threei} bears counting on september being historically bad month andf all this crap, are in for another round of pain

[13:00] {dino} just trailing tight nemo, to .90

[13:02] {dino} feels like whoosh down coming

[13:02] {dino} ion jdas

[13:02] {dino} in

[13:03] {nemo} gets through .85 probably .55 anyway

[13:03] {dino} lets hope

[13:03] {dino} tighten to .88

[13:03] {nemo} sorry, too old for hope

[13:04] {dino} good point

[13:04] {Threei} "Hope dies last"

[13:04] {dino} hope is the enemy

[13:04] {Threei} which means no one is too old for hope... it's outlive you anyway

[13:04] {dino} trust, but look for exits

[13:04] {dino} to .86

[13:05] {Threei} yeah... "The nights are quite in Ukraine but let's re-hide the pork bellies"

[13:05] {Threei} quyiet

[13:05] {Threei} quiet

[13:05] {nemo} skip it

[13:05] {Threei} there... just third try

[13:05] {dino} lol

[13:06] {Threei} communicating with magoo too much...

[13:06] {dino} to .84 stingy exits

[13:06] {dino} ugh, ave out .87, +.17

[13:07] {dino} vad, pull the plug on rcl

[13:07] {dino} gold drop

[13:07] {Threei} what do you want from it?

[13:08] {Threei} RCL

[13:08] {dino} i'm short at .52

[13:09] {Threei} ok

[13:09] {Threei} let's see what we can do

[13:09] {Threei} why is it happy anyway

[13:10] {Threei} it's not like people book cruises left anfd right... do they?

[13:10] {Threei} hmmm

[13:10] {Threei} VVUS Hearing JMP Securities raises price target to $18 from $11 (timing uncertain)

[13:10] {Threei} - reiterates Outperform rating (11.85, +4.94, 71.49%)

[13:10] {Threei} VVUS Hearing downgraded to Hold from Buy rating at Canaccord (timing uncertain) (11.80, +4.89, 70.77%)

[13:10] {Threei} whatever

06[13:12] * Threei hits RCL over the head with big reminder that people have no money for fancy cruises

[13:12] {dino} ty

[13:13] {nemo} frickin shakeout in jdas...thought that might be...that spike was only 3k shares

[13:13] {dino} cby

[13:13] {dino} there are better worlds

[13:14] {nemo} just for edumacation

[13:14] {dino} miised cby

[13:14] {dino} and missed too

[13:14] {nemo} Mises cby :)

[13:16] {Threei} GSK FDA advisory panel backs Cervarix for effectiveness; prevents cervical cancer (39.25, +0.23, 0.59%) (related MRK )

[13:16] {nemo} cat on a steady climb today too

[13:30] {Threei} better RCL

[13:31] {dino} y

[13:34] {dino} shw

[13:38] {laserdave} GS intersting guys

[13:38] {laserdave} no idea if you already talked about it

[13:39] {laserdave} its failed at 170$ quite a few times

[13:39] {Threei} we didn't

[13:39] {Threei} no one is supposed to talk about GS

[13:39] {laserdave} 52 week high also 170.94

[13:39] {nemo} when did you institute that rule

[13:39] {laserdave} i know its a tuff trader that one

[13:39] {nemo} 170 is R3

[13:40] {Threei} it's a rule of universe

[13:40] {laserdave} haha

[13:40] {Threei} speak not of GS, lest you be spoken of by it

[13:40] {nemo} GS your daddy vad

[13:40] {laserdave} ummm gs has spoke to me before

[13:40] {laserdave} he wasnt very nice

[13:41] {Threei} that's heavy drinking dave

[13:42] {laserdave} GE 15$ level

[13:44] {nemo} bid's seem to be garnering most of the interest on GE

[13:49] {Threei} wow

[13:50] {Threei} just how much buying can it take to move 1 cent, lol

[13:50] {nemo} you mean ge?

[13:50] {Threei} what else is being discussed ?

[13:51] {nemo} gs

[13:51] {Threei} woohoo

[13:51] {Threei} 3 cents

[13:51] {nemo} be nice vad

[13:51] {Threei} huh?

[13:51] {nemo} LD trades like ese

[13:51] {Threei} is today some drandiose holiday I am not aware about?

[13:52] {nemo} poor Dave, no wonder he never pipes up

[13:54] {ese} outta here all.....see ya tomorrow

[13:54] {Threei} take care ese

[13:54] {fernp} bye ese

[13:55] {dino} cya es

[13:55] {nemo} ese

[13:56] {Threei} Fed's Fisher: Lack of pricing power keeping inflation lower; Fed should not buy more treasuries

[13:57] {Threei} Comments that deflation is biggest risk to price stability

[14:00] {Threei} FED'S BEIGE BOOK: 5 OF 12 DISTRICTS NOTED SIGNED OF IMPROVEMENT

[14:01] {Threei} - Tight credit standards in most districts; wage pressures minimal in all districts with loan demand

[14:03] {Threei} GSK FDA panel voted 11-1 for Cervarix safety (39.29, +0.27, 0.69%)

[14:15] {Threei} GE becomes interesting for bounce scalp

[14:16] {nemo} poor dave

[14:17] {dino} rcl to .33

[14:18] {Threei} this should be last leg down in GE

[14:19] {Threei} in .79

[14:19] {Threei} stop .74

[14:20] {Threei} US Rep Frank; Sees unlikely that a sugar(soda) tax will be implementedin the health care reform bill (related HANS )

[14:21] {dino} to .24

[14:22] {dino} out/cov rcl +.28

[14:22] {Threei} wtg

[14:23] {dino} ty

[14:23] {Threei} stop to .77

[14:25] {Threei} lol, 2 cents stop

[14:25] {Threei} talk about tight risk control

[14:26] {Threei} ciould just as well take 4 cents profit? {G}

[14:29] {Threei} was it out of bounds print?

[14:29] {Threei} I never saw price actually moving to .89

[14:29] {dino} dk

[14:30] {fernp} no. never touched .89

[14:31] {Threei} ty

[14:31] {Threei} 1;1 btw

[14:31] {dino} shw hl l .20

[14:31] {fernp} ty I am out

[14:32] {Threei} out too

[14:32] {Threei} if I may say so myself, impeccable timing on entry

[14:32] {Threei} Market Internals update at 2:30pmET

[14:32] {Threei} - NYSE volume 795M shares, about 14% above its three-month average; advancers lead decliners by 2.2:1.

[14:32] {Threei} - NASDAQ volume 1.82B shares, about 19% above its three-month average; advancers lead decliners by 2.1:1.

[14:32] {Threei} - VIX index -3.7% to just over 24.50

[14:32] {nemo} easy on the shoulder vad

[14:33] {Threei} US President Obama in speech to Congress later today will reportedly call for a public health option as part of reform (related IYH )

[14:34] {Threei} Scilla and Charibda...

[14:34] {nemo} yeah, and the siren song of the Messiah

[14:36] {dino} gj

[14:39] {dino} shw stopped -.25

[14:41] {jmb} Thanks for GE Vad

[14:41] {Threei} :)

[14:41] {Threei} let's all slap nemo?

[14:42] {nemo} why?

[14:42] {Threei} well... I don't even know where to begin

[14:42] {nemo} that's my point

[14:42] {Threei} simplest way to put it would probably be:

[14:42] {Threei} why not?

[14:42] {nemo} sure life's not fair...have at it

[14:44] {dino} roflol

[14:45] {nemo} let's see.....er 10 30 round magazines

[14:45] {nemo} box of 1000 rnds, 223

[14:45] {nemo} mmmhhh...12 gauge..yeah...good

[14:45] {dino} my son is taking the safety course this week

[14:46] {nemo} how old is he

[14:46] {dino} 12

[14:46] {nemo} top 3 issues: safety, safety, safety

[14:46] {dino} amed hl l .40\

[14:47] {dino} yes nemo, indeed

[14:47] {dino} i'll be w/him, he just gets to carry his rifle this year(provided he passes the test)

[14:48] {Threei} I hope one to to meet a RE agent who said location location and location and explain to him that it's not three things - it's one thing repeated three times

[14:48] {nemo} what caliber?

[14:48] {nemo} oy, subtleties of the English language

[14:48] {Threei} and if I need a basebal bat to eplain that, so be it

[14:48] {nemo} hehehehe

[14:48] {dino} he'll have 44 mag. me 7mm08

[14:49] {nemo} ahhhh 308 version of the .270

[14:49] {Threei} VVUS pace increase

[14:49] {Threei} Fed's Fisher: Expects positive economic growth in Q3 and Q4 of 2009

[14:49] {Threei} wow, really?

[14:50] {Threei} recession's over then?

[14:51] {dino} well, considering in summer 08 he said all was well

[14:51] {Threei} but warns that 2010 remains unclear on growth

[14:51] {Threei} - Refrains from commenting on the USD, noting only that it "comes and goes"

[14:51] {Threei} lol

[14:51] {dino} so most likely he's a year off again

[14:52] {Threei} yeah, I love the recording of Ben saying housing is about to bottom, and reverse,

[14:52] {Threei} the only problem is, that was

[14:52] {Threei} in the spring of 2007

[14:52] {Threei} HITK Reports Q1 $0.73 v $0.27e, R$43.4M v $32Me - filing (unclear if comparable)

[14:52] {Threei} - Sales of generic pharmaceutical products +193% y/y

[14:53] {nemo} His favorite saying is probably, "There's no place like home..."

[14:53] {Threei} what a strange time to report

[14:53] {dino} was out pre-mkt

[14:53] {Threei} hmm

[14:54] {dino} cyber 8:00 am

[14:54] {Threei} my wire missed it then

[14:54] {Threei} so they overcompensate now :)

[14:54] {Threei} thought it was streange

[14:54] {Threei} big gap, and no reaction now

[14:54] {dino} another boost i guess

[15:02] {dino} ebix gap fill fri close

[15:04] {Threei} VVUS... we need magoo

[15:04] {Threei} he will cry bitterly tomorrow seeing this

[15:05] {Threei} and wulff, I hope he is catching these movers

[15:05] {Threei} now, where is our italian traveller

[15:05] {Threei} his style too... anyone remembers when he promised to be back?

[15:06] {dino} ebix drop

[15:07] {dino} they are pushing the trader tax in congress again, .25 basis points

[15:08] {dino} 25 basis points i mean

[15:08] {Threei} imbecils

[15:08] {dino} yes

[15:12] {Threei} EBAY CFO: to set a minimum standard for sellers on eBay - Citigroup conf comments

[15:14] {Threei} Plane hijacked in Mexico

[15:20] {dino} ebix drop again

[15:21] {dino} bit wide

[15:22] {dino} v sm wide l .71

[15:27] {Threei} hard to tell whether VVUS has it in for a last run

[15:27] {Threei} but ti sure is trying

[15:27] {dino} amed to .49

[15:28] {Threei} .30 held as resistance a few times over last 5 min or so

[15:29] {Threei} and .15 support...

[15:29] {Threei} so if you are in the mood for this try

[15:29] {Threei} half lot

[15:29] {Threei} .30 break long

[15:30] {dino} in the mood huh, lol

[15:30] {Threei} well, it's a stock requiring magoo-mood :)

[15:31] {dino} indeed

[15:31] {dino} frs drop

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 930M shares, about 11% above its three-month average; advancers lead decliners by 2.3:1.

[15:31] {Threei} - NASDAQ volume 2.14B shares, about 19% above its three-month average; advancers lead decliners by 2.1:1.

[15:31] {Threei} - VIX index -4% to just over 24.50

[15:33] {Threei} not enough oomph

[15:42] {dino} ebix stopped

[15:43] {dino} respect the strikes

[15:48] {dino} amed to .60

[15:49] {dino} out +.20

[15:52] {Threei} OPEC Sec Gen: Fluctuations in value of USD are a point of concern

[15:52] {Threei} lol, if it was said by anyone else I'd just nod

[15:52] {Threei} but coming from OPEC...

[15:53] {Threei} can't help but say, look who is talking

[15:53] {dino} seems to me weak dollar drives up oil prices

[15:55] {nemo} yep

[15:56] {fernp} good evening everybody. see u all tomorrow

[15:56] {Threei} take care fern

[15:56] {dino} cya fern

[15:57] {Threei} thank you all, have a good evening

[15:57] {Threei} see you tomorrow

[15:57] {nemo} nite

[15:57] {larisa} bye :)

[15:58] {dino} gn all and thx

[16:02] {dptl} have a good evening all

Sep 08 2009

Not bad for the opening of a new trading season: a few scalps on GE, LVS, QQQQ, NVAX, couple tight stops (when I say tight I mean it - 5 to 10 cents), and one nice 50 cents trade on OPXA short. So far so good.

Session Time: Tue Sep 08 00:00:00 2009

[08:03] {magoo} morning
[08:04] {nemo} mornmags
[08:17] {Threei} Las Vegas Sands Corp Completes pre IPO financing
[08:17] {Threei} - Has closed and funded its previously announced $600 million pre-IPO financing transaction. The company said it has the flexibility to utilize the net proceeds from the issuance of the bonds for general corporate purposes.
[08:17] {nemo} think I'll channel mags..."We in anything boss?"
[08:18] {Threei} BLTXX Baltic Dry Bulk Index: Rises just under 1.5%; fourth straight increase
[08:19] {Threei} lvs
[08:19] {nemo} $ looks ugly
[08:37] {brian3579} gm all
[08:37] {Threei} brian :)
[08:37] {nemo} borg
[08:41] {nemo} aig continues it's descent
[08:58] {magoo} gE upgrade
[08:59] {Threei} General Electric Co JPMorgan Raised GE to Overweight from Neutral, price target: $17
[08:59] {Threei} - See name as one of last heavily shorted names to recover in equity upturn.
[08:59] {Threei} - Firms Upgrade is based on an attractive relative risk/reward, mostly on sentiment, as one of the last stocks for which a little good news can still go a long way. In the look for non-consensus, catch-up stories, GE stands out as the last, in our view.
[09:00] {Threei} SVA Obtains Lot Release Certificate for Its First Batch of H1N1 Vaccine (9.14, 0.00, 0.00%)
[09:03] {Threei} - first lot of PANFLU.1, its H1N1 vaccine, has passed the lot release process of China's National Institute for the Control of Pharmaceutical and Biological Products and obtained the Certificate for the Release of Biological Products, which means the released vaccines are ready for delivery.
[09:03] {magoo} AIG downgrade
[09:03] {Threei} yeah, with target 15
[09:04] {Threei} so we now have targets 200 and 15 for it
[09:04] {Threei} I am confused
[09:04] {magoo} nice :(
[09:04] {magoo} yea..a lot of help there
[09:04] {Threei} American International Group, Inc Credit Suisse Cuts AIG to Underperform from Neutral, price target: $15.00
[09:04] {Threei} - Firm discloses near term monetization of value of businesses suggests little to no value for common equity
[09:05] {magoo} unfortunately, 15 seems more likely
[09:05] {Threei} it was getting old anyway
[09:05] {Threei} new plays are in town
[09:06] {nemo} can't short it still
[09:06] {Threei} LVS and GE on watch
[09:06] {nemo} by the way...money never gets old
[09:06] {larisa} good morning :)
[09:06] {Threei} half eye on SCLN
[09:06] {Threei} larisa :)
[09:06] {nemo} cmon, you got three
[09:08] {magoo} GE could be the one..a pointer
[09:08] {magoo} traders play it hard
[09:08] {Threei} but of course - target 17
[09:09] {fernp} good morning everybody
[09:09] {Threei} fern :)
[09:10] {Threei} before trading day started,
[09:10] {Threei} http://www.realitytrader.com/photography/
[09:13] {dino} gm all
[09:13] {nemo} beautiful spot
[09:14] {Threei} dino :)
[09:14] {dino} opxa, osir
[09:15] {nemo} wow, $ down big
[09:16] {ese} good morning......and thank you Vad for taking some pics of the show yesterday.
[09:16] {Threei} ese :)
[09:16] {Threei} fantastic performance
[09:17] {ese} just saw the email and will get a chanct to look at them a litle later
[09:17] {Threei} okay :)
[09:17] {ese} thank you.....i play ok for an old guy]
[09:19] {fernp} nice pics vad. Are you going to buy one of those floating-houses? :-)
[09:19] {Threei} well, I looked at the prices, but as soon as my wife saw me looking at them, her first reaction was:
[09:19] {Threei} too humid for my piano
[09:20] {fernp} lol
[09:21] {dptl} good morning all
[09:21] {Threei} dp :)
[09:23] {ese} dp
[09:24] {ese} opps....dddddddddddppppppppppppppp!
[09:24] {dptl} :)
[09:24] {Threei} lol
[09:25] {Threei} NQ is trading above recent highs
[09:28] {Threei} general feeling is, raly contuation,
[09:29] {Threei} want to see more or less decent pullbacks at the open or ranges esstablishd
[09:29] {Threei} LVS and GE are main candidates
[09:29] {Threei} then whatever scanner spits out
[09:30] {Threei} of course if MTXX says FDA is ok with its impact on sense of smell now, grab it and let it ride a few bucks
[09:31] {ese} out my nvax position from friday .71 +.09
[09:32] {Threei} Long Setup: LVS .40 break
[09:33] {Threei} if stays above .30
[09:33] {nemo} quick
[09:33] {nemo} in
[09:33] {magoo} in
[09:34] {ese} in
[09:34] {Threei} 1:1
[09:34] {Threei} thought of GE .55 but was a bit late
[09:34] {ese} out .51
[09:35] {Threei} second play is coming on LVS very soon
[09:35] {nemo} stopped
[09:35] {ese} =.06
[09:35] {magoo} never got out
[09:35] {ese} +
[09:35] {magoo} was like one second
[09:35] {magoo} at 1 to 1
[09:36] {nemo} got 1:1 but got last half out at stop
[09:36] {fernp} GE pullback
[09:36] {Threei} ummm
[09:36] {Threei} don't we trail second half after 1:1?
[09:36] {nemo} shoulda' didnt
[09:36] {Threei} GE, first strength from here
[09:36] {Threei} .56 long
[09:36] {Threei} if holding .50
[09:37] {Threei} if losing it, next range is .45 - .50
[09:38] {Threei} LVS .26
[09:38] {Threei} if holding .20
[09:40] {Threei} too fast?
[09:42] {Threei} GE no worky
[09:43] {nemo} market dumping
[09:43] {ese} i'm not getting "indu" index feed......anyone else not getting it
[09:44] {dino} scanners red
[09:44] {nemo} rimm holding pretty well
[09:44] {fernp} fine here, ese
[09:45] {ese} hmmmmm
[09:46] {dino} ed's down
[09:46] {ese} osir dino
[09:46] {ese} dn 4 bills
[09:47] {Threei} USD/CHF Rumor that SNB is 'checking rates'
[09:48] {ese} can't find news on OSIR.....anyhone?
[09:48] {Threei} .short lvs .25
[09:48] {Threei} if stays below .35
[09:48] {Threei} Short Setup: LVS .25
[09:49] {Threei} let's make it .29
[09:49] {Threei} tighter stop
[09:49] {fernp} in
[09:51] {Threei} over 1:1
[09:51] {dino} osir drug ph3 failed
[09:51] {ese} tks....where did you find that
[09:51] {dino} pretty much only drug they had from what i see
[09:52] {dino} yahoo
[09:52] {dino} opps cyber
[09:52] {fernp} out here. ty Vad
[09:52] {ese} hmmmmmmm
[09:52] {dino} prochymal fails
[09:52] {dino} no diff between placebo
[09:52] {Threei} 8:01:59 AM
[09:52] {Threei} Osiris Therapeutics Inc Releases preliminary results for prochymal Phase III GvHD trials; Neither trial met primary endpoint
[09:53] {Threei} 1;2 LVS
[09:53] {nemo} when you get a chance, could you explain the LVS setup? ty
[09:53] {Threei} sure
[09:56] {Threei} JAZZ Hearing takeover chatter circulating in the name (9.62, +0.35, 3.78%)
[09:56] {Threei} but of course
[09:59] {Threei} Long Setup: QQQQ .63 if stays above .55
[09:59] {Threei} all that JAZZ...
[10:00] {Threei} SLXP Receives FDA Marketing Approval for METOZOLV ODT (Orally Disintegrating Tablets) for Relief of Diabetic Gastroparesis and Symptomatic Documented GERD (12.94, +0.22, 1.73%)
[10:00] {nemo} did that invalidate, or is it now discretionary?
[10:01] {ese} L xlnx .07
[10:02] {Threei} let's let it stabilize and form new setup
[10:02] {Threei} .50 breakdown is formally short setup
[10:02] {ese} xlnx following the qqqq's
[10:02] {Threei} but I am not too jazzed about it
[10:02] {dino} gj lvs
[10:02] {nemo} rim shot ese
[10:03] {dino} hl slt s .00
[10:03] {dino} stop .31
[10:03] {Threei} I wish we still held that short dino
[10:03] {ese} yes......but not working to this point
[10:03] {Threei} didn't feel safe for anything but scalp
[10:06] {nemo} oh yeah...tomorrow is 090909
[10:06] {dino} hl s nihd .95 stop hod
[10:10] {Threei} watching WFC
[10:10] {Threei} for bounce
[10:10] {Threei} ideally, would like a quick pullback closer to .70
[10:10] {Threei} for entry
[10:11] {Threei} .80 break is an option, just my preference would be tighter stop and less chance for a shakepout
[10:11] {Threei} if took .80 break, stop under .70,m
[10:12] {Threei} if not - wait for pullback
[10:12] {Threei} no chasing
[10:13] {dino} slt stuck, tighten to .15
[10:13] {Threei} here comes pullback
[10:13] {Threei} .80 break if holding .75
[10:14] {Threei} in
[10:14] {Threei} market spikes
[10:14] {Threei} stop under .70
[10:15] {Threei} aggressive enough... tight stop
[10:19] {Threei} no go WFC
[10:20] {fernp} yes, stopped
[10:24] {Threei} ENER Hearing renewed takeover chatter circulating
[10:24] {Threei} - AMAT again rumored as a possible acquirer (10.75, +0.34, 3.27%)
[10:24] {ese} nvax
[10:24] {larisa} sigh
[10:24] {Threei} no news that I see
[10:26] {dino} giii l .26 stop .13
[10:26] {ese} l xlnx added more avg price .05
[10:27] {Threei} QQQQ setup is back
[10:27] {ese} same with xlnx.....have aggressive entry going here
[10:28] {Threei} to me, what happened up to tbis point feels like digestion of resistance,
[10:28] {Threei} preparation for breakout and rally
[10:28] {Threei} that's the working scenario at this point
[10:29] {Threei} that's why I wasn't delighted by the idea of shorting Qs on .50 break
[10:31] {fernp} .63 break?
[10:31] {Threei} let's see if we got it right
[10:31] {Threei} .63 itself originally
[10:31] {Threei} but who cares much about 1 cent
[10:32] {dino} inin
[10:32] {fernp} in .64 grrrr :)
[10:32] {Threei} meaning twice in dino? {G}
[10:32] {Threei} scalpers exit into spike above .70
[10:32] {Threei} day traders partial out
[10:33] {Threei} NVAX again...
[10:34] {dino} tighten nihd to .12stopped -.17 nihd
[10:37] {dino} amed hl l .70, stop .39
[10:38] {ese} out xlnx .15 +.10 thats it for me today all.....back to schoool and early staff meeting....Vad will check out them pics a little later ....once again thanks for shooting the show....cya
[10:38] {Threei} take care ese
[10:38] {ese} cya
[10:38] {dino} cya es
[10:48] {Threei} NVAX is for real or what
[10:50] {Threei} starts looking like momo
[10:53] {Threei} ECB"s Weber: ECB will raise rates and unwind measures in a timely fashion; Data increasingly showing that economic freefall is over
[10:53] {Threei} - Comments that does not see a credt crunch in Germany or Eurozone.
[10:53] {Threei} - rates are appropriate given the inflation outlook; inflation fears are unfounded; data create expectation for inflation to be subdued in medium term; WIll tighten monetary policy when there are upward risks to price stability.
[10:53] {Threei} - Cannot yet call the end of the financial crisis; and it is too early to withdraw stimulus at the moment.
[10:55] {dino} cyou
[10:58] {magoo} SVA
[10:58] {Threei} no news either... just a sector run it seems in all the swine flu names
[11:02] {dino} skt stopped -.19amed to .14
[11:02] {dino} out .23, +.53
[11:02] {larisa} gj
[11:03] {dino} ty
[11:04] {Threei} NY Fed: Purchased $4.95B in $300B outright coupons purchase; Dealers submitted $14.48B for consideration (bid to cover 2.93 )
[11:04] {Threei} - Heaviest purchase was $1.86B in the 05/15/16 maturity (shortest dated)
[11:05] {Threei} Long Setup: NVAX 6 break
[11:05] {Threei} for scalpers stop under .95
[11:05] {Threei} day traders .90
[11:07] {Threei} ECB's Nowotny: Euro unlikely to eclipse the USD as world's leading currency within 10 years
[11:08] {Threei} hmmm... I'd say, Euro's nearest task is to survive, let aline eclipse anyone and anything
[11:14] {nemo} lvs Vad
[11:15] {magoo} ni xavn
[11:15] {Threei} tough read
[11:15] {Threei} formally. ,30 break long
[11:15] {nemo} sure you didn't short mags?
[11:15] {Threei} lol
[11:15] {magoo} oh shit:)
[11:16] {Threei} I am just not very confident in it
[11:16] {Threei} hard core scalpers got their 1:1
[11:16] {Threei} (we all hate them of course, right? right/)
[11:17] {Threei} if anyone went for LVS, stop under .20
[11:17] {magoo} in lvs..looking for dime
[11:17] {Threei} I presdonally skip it but root for you
[11:19] {nemo} crap...went and got coffee
[11:19] {nemo} FCX wedging upward or triangle ascending...or...
[11:19] {Threei} ummmm
[11:19] {Threei} ok... I'll post it
[11:20] {Threei} you right wing nuts keep yourself in check
[11:20] {Threei} Reportedly Obama suggesting taxing sugary products like soda (related PEP KO )
[11:20] {Threei} NVAX 1:1 for day traders
[11:21] {nemo} you saying right-wing nuts or right wingnuts?
[11:23] {fernp} out NVAX. ty Vad
[11:24] {Threei} :)
[11:25] {dino} scl, vit
[11:25] {dino} scl thinny
[11:27] {Threei} QQQQ 1;1
[11:27] {_slentz} is this volume still like summer today
[11:28] {Threei} yeah, not overwhelming
[11:28] {Threei} IMF forecasts 2009 Eurozone GDP -4.2% vs -4.8% prior; 2010 GDP at 0.0% v -0.3% prior forecast
[11:28] {Threei} - 2009 Eurozone jobless rate above 10% getting close to 12% by 2011
[11:28] {_slentz} when will it pick up
[11:28] {Threei} day after day, slowly but surely
[11:29] {Threei} SQNM Ticks higher after report Co. to buy rights of methylated DNA deteciton process (6.07, +0.45, 8.01%)
[11:29] {dino} slentz, volume compare, go to sharkinvesting.com bottom right
[11:29] {nemo} or you can look at the home page of finviz.com
[11:31] {magoo} out nvax .14 TY
[11:32] {nemo} nvax shortable
[11:33] {magoo} yup
[11:33] {nemo} was a statement
[11:34] {nemo} are you "ni" mags?
[11:35] {Threei} back to LVS short while I remember
[11:35] {Threei} opull up 1 min
[11:35] {Threei} LVAS drops from .50into 16,
[11:36] {Threei} jumps back up to .30 and slightly over in just 3 vars.
[11:36] {Threei} At that punt it meets uppoer BB
[11:37] {Threei} volume on the bounce is lower than on prior selloff
[11:37] {Threei} which leads to an idea of shorting it into bounce
[11:37] {Threei} Next step is finding a trigger
[11:37] {Threei} .25 sewrved as temporary support,
[11:38] {Threei} sorry, resistance
[11:38] {Threei} turned into support now after the break,
[11:38] {Threei} .35 was touched briefly,
[11:38] {dino} vit s .20
[11:38] {Threei} then LVS dropped into .25 and bounced back.,
[11:39] {Threei} So, .25 turned into trigger for the first call, with stop above .35,
[11:39] {Threei} then it consolidated just a tad above .30, again touching but not breaking .35
[11:39] {Threei} which led to the modification of the trigger to .29
[11:39] {Threei} tighter stop, bigger perofit potentioal
[11:39] {Threei} somewhat higher risk of a shakeout
[11:40] {Threei} but 607 cents tosp, who cares
[11:40] {Threei} 6-7
[11:40] {Threei} helps, nemo?
[11:41] {Threei} GM Reportedly a report from the US Auto Task Force puts chances at about 60% that GM's CEO Fritz Henderson can "fix" GM
[11:41] {Threei} - briefing documents from a closed Aug 3 meeting being cited. (related MTLQQ )
[11:41] {nemo} yes...I missed the BB reaing
[11:41] {Threei} hmmm... are they busy with making bets on tsars?
[11:47] {dino} gold drop
[11:47] {nemo} fcx big drop
[11:52] {dino} 3 drop on gold
[11:53] {dino} gap fill coming imo
[11:54] {dino} nope
[11:59] {Threei} 45% Say Unions Weaken America, 26% Disagree
[11:59] {magoo} 26% of population work force is union :)
[11:59] {Threei} lol
[12:05] {Threei} guess who is on TV
[12:06] {Threei} your wait is over magoo
[12:06] {nemo} this is his major address to students
[12:07] {Threei} US House Majority Leader Hoyer: May support the health care reform without a public option
[12:10] {dino} giii stopped -.15
[12:11] {Threei} US) US Senator Baucus (D): Health plan reform bill may implement a 35% tax on health insurers with plans valued over $8K for singles and $21K for families
[12:17] {dino} stec l .49 hl
[12:24] {Threei} NABO...
[12:25] {Threei} NANO that was
[12:25] {Threei} a bit too thin on a bid side
[12:27] {magoo} FSLR xploded
[12:27] {dino} fslr
[12:28] {Threei} FSLR Signs MoU with Ordos City on Major Solar Power Plant in China Desert
[12:28] {Threei} - Pursuant to the MOU, the solar project in Ordos will be built over a multi-year period. Phase 1 will be a 30 MW demonstration project that will begin construction by June 1, 2010 and be completed as soon thereafter as practicable. Phases 2, 3 and 4 will be 100 MW, 870 MW, and 1,000 MW. Phases 2 and 3 will be completed in 2014 and Phase 4 will be completed by 2019.
[12:37] {Threei} so, let's decipher this market stuck here
[12:37] {Threei} fund managers and trading desk managers return from Hamptons,
[12:37] {dino} as does magoo
[12:37] {Threei} stay busy all morning with calls to wifes and back, describing how little Johnny prepared for school,
[12:38] {Threei} exchanged latest rumors with those who went to Aspen
[12:38] {Threei} then started looking at their screens
[12:38] {Threei} asking each other "is it for real?"
[12:39] {Threei} "what do we do/"
[12:39] {Threei} lety's run with this rally or let's try and be heroes
[12:39] {Threei} At some point they realized it's too rapid transition from vacation mode to work
[12:40] {Threei} and they better put it off till tomorrow
[12:40] {Threei} There... my version
[12:40] {Threei} I have no doubt that magoo's one includes 6 pack, nemo and dp's one includes vodka and Raven's one includes martini
[12:41] {Threei} larisa stays with carrot juice
[12:41] {larisa} right
[12:42] {Threei} me, I still can taste heavenly 15 years old Glenfiddich patience kindly poured in me this Friday
[12:43] {dino} ahhhh
[12:43] {dptl} :)
[12:44] {dino} vit stopped -.15
[12:47] {magoo} any read JAZZ vader?
[12:47] {Threei} no mags, sorry
[12:54] {dino} stec to .73
[12:55] {dino} opxa continues
[12:57] {dino} stec to .83
[12:58] {dino} cde?
[12:58] {dino} opxa invincible
[12:59] {dino} like dr evil
[13:00] {dino} out stec .89, +.40
[13:01] {Threei} TREASURY'S $38B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.02 V 2.89 PRIOR AND 2.58 AVG OVER THE LAST 10 AUCTIONS
[13:01] {dino} ener jumpy
[13:05] {dino} clw
[13:08] {dino} pmc
[13:08] {Threei} PMC Moves lower on report offices were raided by federal regulators (18.41, -1.31, -6.64%)
[13:13] {Threei} AIG To interview investment banks this week regarding life insurance unit IPO that could raise as much as $5B
[13:21] {dino} ebix
[13:23] {magoo} OPXA
[13:29] {Threei} one of those
[13:30] {magoo} sick
[13:30] {Threei} let me show you just how sick it is
[13:30] {Threei} it's pre-market news today:
[13:30] {Threei} 7:02:35 AM
[13:30] {Threei} Opexa Therapeutics Releases additional favorable Phase II data on Tovaxin in Multiple Sclerosis
[13:30] {Threei} - The results include further analysis of the double-blind, placebo-controlled, 52-week Phase IIb TERMS clinical study of 150 patients with Relapsing Remitting MS (RRMS).
[13:31] {Threei} quite insignificant news, don't you think?
[13:31] {Threei} now
[13:31] {Threei} here is another piece,
[13:31] {Threei} from Aug 13
[13:31] {Threei} Reports Q2 -$0.07 v -$0.36 y/y, Rev is nil
[13:31] {Threei} - Had cash and cash equivalents of approximately $0.8 million as of June 30, 2009, compared with approximately $1.2 million as of December 31, 2008
[13:32] {Threei} no revenue and running out of money
[13:32] {magoo} fund caught short
[13:33] {dino} i suppose tomorrow board files to issue shares
[13:38] {nemo} volume been tailing off a bit
[13:40] {dino} amed hl l .50
[13:55] {nemo} how's the coma vad?
[13:56] {Threei} something's missing
[13:56] {nemo} huh?
[13:57] {nemo} laserdave isn't here
[13:57] {Threei} dunno... fine coma but not the best I've had
[13:57] {nemo} ahhh
[13:58] {Threei} I guess I lack a good runner today
[13:58] {Threei} a few scalps, fine
[13:58] {Threei} but sprinckle some caviar on top of the bread-andbutter trades,, then my coma is much happier
[13:59] {nemo} a "rest in peace" kinda' thing...kinda'...sorta'
[14:06] {dino} clw partial fill l .65
[14:15] {nemo} you put the pillow under your chin Vad?
[14:15] {nemo} ooooh...amazon awake
[14:16] {Threei} Fed Discount Rate Minutes: No banks looking for discount rate increase
[14:16] {Threei} - some banks see labor market weakening the economic recovery
[14:16] {Threei} - Household spending was seen to be weak yet economy was stabilizing
[14:16] {Threei} - Most banks saw inflation as being subdued and would remain that way for some time
[14:16] {magoo} AEN
[14:16] {Threei} OPXA
[14:16] {Threei} risky as hell,
[14:16] {Threei} short on 6 break
[14:18] {Threei} if stays under .15
[14:18] {magoo} ion
[14:18] {nemo} hate those three words
[14:18] {Threei} CDC Briefing calls for quick treatment of patients with Relenza or Tamiflu if labored breathing determined (related GSK ROG.SZ )
[14:18] {fernp} out SYMC. I bought 15.60 breakout this morning...
[14:19] {fernp} I am practicing "patience"
[14:19] {Threei} no kidding
[14:19] {fernp} yeah. true
[14:20] {Threei} die OPXA
[14:20] {Threei} (US) Senator Reid: Determined to pass a bipartisan healthcare bill this year (related IYH )
[14:21] {Threei} over 1:1
[14:21] {Threei} covering half
[14:22] {Threei} I want more from it for all this risk
[14:22] {Threei} good boy
[14:23] {Threei} stop is trailed for the other half of course
[14:24] {magoo} under .50 im hoping
[14:24] {Threei} I intend to cover 1/4 more just above .50
[14:25] {Threei} here we go
[14:25] {Threei} .57 1/4 more
[14:25] {Threei} hey, I got my runner!
[14:25] {Threei} coma will be so much sweeter
[14:25] {magoo} out .44 TY BOSS
[14:25] {nemo} faller more apt
[14:26] {Threei} bidding .35 for the last potion
[14:26] {nemo} up runner's down cliff jumpers
[14:26] {Threei} I care about direction not
[14:27] {nemo} yoda's here
[14:27] {Threei} stop to just above .50
[14:27] {Threei} cacelling .35 bid
[14:27] {Threei} out
[14:27] {dino} mnkd
[14:27] {Threei} beauty
[14:27] {Threei} wtg mags
[14:27] {Threei} anyone else followed?
[14:29] {Threei} why do I bother to come out of coma...
[14:29] {magoo} excuse me?
[14:29] {nemo} you used those three words
[14:30] {Threei} never mind mags, I have to slam those sleepyheads
[14:30] {Threei} sheesh... could you take lousy 300 shares?
[14:30] {Threei} 15 cents stop
[14:30] {Threei} OK, 20 with slippage
[14:30] {Threei} what's the big deal
[14:30] {Threei} yuou see how much air under this thing
[14:31] {Threei} potential is much bigger than 15 cents
[14:31] {nemo} hate when you're so logical
[14:32] {nemo} yeah abolutely, Question: you last set stop at .50 but looking over around 1:00-1:20 I see those candle shaows stop @ .60, why did you pick that stop?
[14:32] {nemo} shadows
[14:32] {Threei} 1 - 1:20??
[14:32] {nemo} time
[14:33] {Threei} that was 1 hour ago
[14:33] {Threei} this is superfast stoxck
[14:33] {Threei} not very much respecting any technicals
[14:33] {Threei} it had support at .50,
[14:33] {nemo} o.k.
[14:33] {Threei} lost it,
[14:33] {Threei} tested it,
[14:33] {Threei} dropped more
[14:33] {Threei} I trailed stop to above it
[14:34] {Threei} it doesn't care very ,much about what it did 15 min ago, let alone 1 hour
[14:39] {nemo} opxa long now?
[14:39] {Threei} naaah
[14:45] {dptl} have a good evening all
[14:45] {Threei} take care dp
[14:50] {Threei} I find it hard to believe OPXA is not halted yet
[14:50] {Threei} stay the hell away from long side on this POS
[14:54] {dino} gold sm l .40
[14:56] {magoo} AKRX
[15:00] {Threei} JULY CONSUMER CREDIT: -$21.6B V -$4.0BE
[15:00] {Threei} - prior revised from -$10.3B to -$15.5B
[15:00] {nemo} WOW!
[15:00] {Threei} AKRX Hearing recent strength being attributed vague chatter that its Carboplatin injectable product has received FDA approval
[15:00] {Threei} - Note: On 7/30 the FDA disclosed ANDA approval for generic Carboplatin (1.43, +0.21, 17.21%)
[15:01] {Threei} can't believe this amount of rumnors
[15:01] {Threei} annual growth rate -%10.37 v -4.9% m/m
[15:22] {nemo} ohhh to short aig
[15:35] {dino} gold to flat
[15:36] {dino} out
[15:40] {dino} out amed .73, +.23
[15:47] {Threei} NVAX, worth overnight risk or not
[15:48] {nemo} just don't do an ese "20k of the little buggers"
[15:49] {Threei} lol
[15:49] {Threei} unlike ese, I don;'t have second profession to fall back onto :)
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {Threei} see you tomorrow
[15:58] {nemo} gnite
[16:00] {larisa} night all
[16:01] {magoo} ty all
[16:02] {dino} thx all
[16:04] {fernp} good evening

Sep 04 2009

We expected this last day before the Labor Day long weekend to be largely empty - wasn't the case at all. Not only we had a lot of active plays, we nailed them all with 100% accuracy. No single stop out of about ten plays. HGSI, HIG, SVA, RMBS, SPPI, LVS - all worked like charm. This officially ends trading summer for us, as after the Labor Day it's usually different market.

Session Time: Fri Sep 04 00:00:00 2009

[08:29] {magoo} morning

[08:29] {nemo} magus :)

[08:29] {nemo} jobs report mut be bad markets dropping

[08:33] {Threei} *AUG UNEMPLOYMENT RATE: 9.7% V 9.5%E (Highest since June 1983)

[08:34] {Threei} AUG CHANGE IN NONFARM PAYROLLS: -216K V -230KE; CHANGE IN MANUFACTURING PAYROLLS: -63K V -60KE

[08:34] {Threei} - Prior nonfarm payrolls revised better from -247K to -276K

[08:36] {nemo} wait til Dino sees amed

[08:39] {Threei} he took it overnight I think

[08:55] {magoo} i left early..did mkt pace pick up yesterday?

[08:55] {Threei} not really

[08:55] {magoo} how was close?

[08:58] {Threei} mostly uneventful, except F nice jump

[08:58] {fernp} good morning everybody

[09:04] {Threei} fern :)

[09:04] {larisa} good morning :)

[09:06] {ese} good morning

[09:06] {magoo} HGSI..pos news

[09:08] {dino} gm all

[09:08] {ese} dino

[09:09] {ese} 1/2 day or full day today?

[09:09] {dino} ful

[09:09] {dino} full

[09:10] {Threei} larisa, ese, dino :)

[09:10] {dino} unless i get lucky and then half for me

[09:10] {nemo} amed dino

[09:11] {dino} yeah and i dumped it at 3:50ish yesterday afternoon

[09:11] {Threei} argh

[09:11] {Threei} I thought you were taking it home

[09:12] {nemo} yeah had that late, "get out of Dodge" dump

[09:14] {dino} was, but had nice gain and thought overnighters have been tough. so chickened out and booked it

[09:15] {nemo} Makes perfect sense

[09:15] {nemo} Been a bit of a rough Summer, getting close to a long weekend, can book nice gain...bird in hand every time

[09:15] {Threei} HGSI retreated quite a bit from prematket high

[09:17] {magoo} yea..thoughts?

[09:17] {Threei} thoughts??

[09:18] {Threei} have you ever met me?

[09:18] {Threei} I have none

[09:18] {nemo} yeah...scary

[09:18] {Threei} but... 19 is clear resistance on premarket chart to break

[09:21] {magoo} news BIDU vad?

[09:21] {Threei} Baidu.com Update: Pali making cautious comments, maintains Neutral rating

[09:21] {Threei} - Note: The Ministry of Culture (MoC) came out with a new regulation on Sept 3 in that it does not allow BIDU to provide music content links to illegal music content provider, which could be a significant negative to BIDU's internet traffic since music search is a major driver for BIDU's traffic. About 80% of Baidu's traffic, firm believes, is from music search. Among all its music search results, links that are provided by illegitimate music companies are significant. If Baidu has to cut off the links to illegitimate music content, then we believe traffic to its websites could decrease. We believe this is just the first wave of regulations for online content and activities. Therefore, firm believes BIDU may have to face changes in its business.

[09:22] {nemo} yeah, but now you have to define what the Chinese authorities mean by illegal...

[09:22] {brian3579} gm all

[09:22] {nemo} 3579

[09:23] {Threei} brian :)

[09:23] {dino} snda

[09:24] {nemo} maybe moving on that BIDU news

[09:24] {Threei} ese... F did the dance just for you yesterday... exactly kind ogf move you love to play with big shares

[09:24] {ese} brian

[09:24] {Threei} keep an eye on it

[09:25] {ese} ya i know.....i had to exit with a .04 loss to go into work

[09:26] {nemo} work is a four letter word for good reason

[09:26] {ese} indeed

[09:27] {nemo} then again...and don't take this the wrong way, but most of what you do are passions, not work...amen

[09:27] {nemo} meant as a high compliment actually

[09:29] {dino} snda earnings

[09:29] {nemo} oh yeah

[09:31] {Threei} Long Setup: HGSI .70 break if holding .60

[09:32] {Threei} in validated for this particular entry point but remains as trading idea

[09:33] {nemo} interesting, bar dipped below 60, but idn't close under it

[09:33] {Threei} jumped of the next range before I could type

[09:33] {nemo} yeah...rude stock

[09:34] {Threei} meaning, .50 - .60 was the next entry range

[09:34] {ese} L cien .19

[09:34] {nemo} nice ese

[09:34] {Threei} CIEN Hearing upgraded from Market Perform to Market Outperform rating at Avondale; Price target $18 (timing uncertain)

[09:35] {nemo} very rude hgsi

[09:35] {ese} tks

[09:35] {Threei} that's not rude

[09:35] {Threei} definition of rude is to shake us out, then go

[09:36] {Threei} this is just disrespectful

[09:36] {ese} lets see if it popo on up there

[09:36] {Threei} watching pullback

[09:36] {ese} pops ....nope

[09:37] {Threei} I don't know... 19 break is formal trigbger

[09:37] {Threei} but something isn't quite right

[09:38] {Threei} I'll refrain

[09:38] {ese} stop is .09 cien

[09:38] {Threei} no confidence

[09:38] {Threei} let's consider it discretionary one

[09:38] {Threei} you likey, you takie

[09:39] {Threei} if you try it, eityher go in full lot qwith stop under .90

[09:39] {ese} stopped

[09:39] {Threei} or half with stop undedr .80

[09:39] {ese} -.10

[09:39] {ese} daaaaaaa

[09:39] {ese} should have taken the original pop

[09:39] {Threei} over 1:1 for full ,lot entry

[09:40] {Threei} over 1:1 for half lot

[09:40] {Threei} in case anyone went for it

[09:40] {dino} anf, coo, esl, ulta

[09:44] {nemo} cat vad?

[09:44] {Threei} HGSI is back into entry point

[09:45] {Threei} recross of .90 long

[09:45] {Threei} if stays above .80

[09:46] {Threei} what the...

[09:46] {Threei} problem with laser?

[09:46] {larisa} no

[09:46] {nemo} none here

[09:46] {laserdave} hey guys

[09:46] {tomg} i called dave, system wide problem. will be fixed in 30 min. hopefully

[09:46] {Threei} yeah

[09:46] {Threei} here he is

[09:46] {laserdave} they did more work to our server

[09:46] {laserdave} we shoudl be up any moment

[09:46] {Threei} HGSI 1:1

[09:47] {Threei} tom, did you wake him up?

[09:47] {Threei} great job if so

[09:47] {tomg} yup

[09:47] {Threei} wtg

[09:47] {tomg} thought it was just my problem

[09:48] {Threei} I always enjoy it, calling him at 5:30 am just to say good morning

[09:48] {tomg} i don't think I'll be trying that on a regular basis :)

[09:49] {nemo} 19 break again on HGSI vad?

[09:49] {Threei} ah come on, life is short

[09:49] {tomg} yeah, i'm well aware of that :)

[09:49] {Threei} no nemo

[09:50] {tomg} don't want to make it shorter

[09:50] {brian3579} vad what dont you like about hgsi at 19

[09:50] {nemo} aig touching morning lows

[09:50] {brian3579} break of 19

[09:50] {laserdave} were up

[09:50] {Threei} it pretty much follows the market today brian,

[09:50] {laserdave} sorry guys thougth i typed that in room

[09:51] {laserdave} i ddint hit enter

[09:51] {laserdave} :)

[09:51] {Threei} and market obviously had too much weakness in it at the moment

[09:51] {laserdave} now hopefully software is way smoother goign forward

[09:51] {brian3579} ty

[09:51] {magoo} big dump AIG

[09:51] {Threei} in fact, the way HGSI behaves I'd prefer to see it retesting low

[09:52] {Threei} around .60-.70

[09:52] {Threei} before trying it againb

[09:52] {brian3579} k

[09:53] {brian3579} played .90 break ty

[09:53] {Threei} :)

[09:55] {Threei} here comes HGSI

[09:56] {Threei} now I am interested again

[09:56] {Threei} .70 break if holding .60

[09:57] {Threei} Long Setup: HIG .55 break

[09:57] {Threei} if stays above .40

[09:57] {Threei} HGSI tagged 1:1

[09:58] {Threei} HIG, .45 support for hard core scalpers

[09:59] {Threei} 1:2 HGSI

[09:59] {brian3579} got hgsi ty vad

[09:59] {Threei} welcome

[09:59] {dino} bpi

[10:00] {Threei} HIG held quite well this market drop

[10:00] {brian3579} vad you may have just sent me to the golf course

[10:01] {Threei} hmmm

[10:01] {Threei} how did I do that?

[10:01] {nemo} he made so much money?

[10:01] {dino} sgg

[10:01] {brian3579} good morning

[10:01] {Threei} hi brian

[10:01] {Threei} lol

[10:02] {Threei} HIG 1:1 for hardcore pesky scalpers

[10:02] {Threei} HIG 1:1 for sabe traders

[10:03] {Threei} sane

[10:03] {Threei} I can't even type word "sane"...

[10:03] {fernp} ty Vad

[10:03] {Threei} welcome

[10:03] {nemo} thought you were speaking spanish

[10:03] {Threei} yup, I was talking to fern specifically

[10:03] {fernp} lol

[10:03] {dino} v sm bpi l .75

[10:04] {nemo} funny how friday before long weekend already is a good morning

[10:05] {Threei} yeah, who would have thought

[10:05] {Threei} I firmly set on "nothing day"

[10:05] {nemo} as you say about thinking

[10:05] {Threei} and there you go

[10:05] {Threei} mostly scalps but...

[10:05] {dino} stop bpi too soon

[10:06] {nemo} that would seem the highest probability way to play the day

[10:07] {dino} bpi last try v sm wide l .50

[10:09] {magoo} MTXX strong

[10:10] {Threei} rumors yesterday

[10:10] {Threei} it responds well to them

[10:11] {Threei} if actrual news comes about that "loss of smell" business being resolved while it's this low, a few dollars run is all but guaranteed

[10:12] {dino} arst

[10:12] {brian3579} have to run everyone have a good weekend vad ty

[10:13] {nemo} use sunscreen

[10:13] {Threei} have a great long weekend brian

[10:13] {brian3579} hahaha

[10:15] {dino} have fun brian

[10:18] {dino} esl hod

[10:24] {Threei} Long Setup: SVA 9 break

[10:24] {Threei} if stays above 8.90

[10:25] {dino} medq

[10:27] {dino} strange, special div. and knocked down

[10:29] {nemo} carrot or stick with sva Vad?

[10:31] {Threei} depends on your personal preferences

[10:33] {nemo} misse

[10:37] {magoo} lvs

[10:37] {Threei} no news

[10:38] {Threei} picks up pace

[10:38] {dino} hl medq .10

[10:40] {Threei} SVA 1:1

[10:41] {ese} i'm a day late and a dollar short today......seems like everything i look at has already done what i would like it to do...before i can get in sheesh!

[10:41] {dino} same here es

[10:42] {Threei} SVA 1:2 almost, I am out

[10:42] {tomg} ty vad

[10:42] {Threei} :)

[10:43] {ese} would like a crack at another amed

[10:44] {ese} speaking of that.....long at 35 maybe

[10:44] {dino} thinking 34.50

[10:45] {ese} hmmmmmmm i like that

[10:46] {larisa} RIMM fighting with 77

[10:46] {dino} sgg v sm .10 l

[10:46] {Threei} SPPI FDA Approves ZEVALIN Expanded Label as Part of First-Line Therapy in Treatment of Follicular Non-Hodgkins Lymphoma (8.82, +0.06, 0.68%)

[10:46] {Threei} hmmm

[10:46] {Threei} no reaction

[10:47] {Threei} oh

[10:47] {Threei} it's halted

[10:47] {Threei} maybe that's why

[10:47] {Threei} I heard it's hard fopr stocks to move while being halted

[10:48] {dino} indeed

[10:53] {ese} dino .... L amed .93 need some excitement in my life

[10:54] {ese} shallow pullback.....lets see if the market goes my way.......1 lot only

[10:54] {dino} still waiting at .50

[10:54] {ese} wouldn't ya know it.........thats too funny.....soon as i get in

[10:55] {dino} medq stop is .98 stuck

[10:55] {ese} i'll never doubt you again........

[10:55] {dino} i may not fill es

[10:55] {Threei} Long Setup: LVS .80 break

[10:55] {Threei} if stays above .70

[10:56] {Threei} has smell of momo play, so be careful with it,

[10:56] {Threei} not pure technical

[10:57] {Threei} it had premarket upgrade, target 17

[10:57] {Threei} other than that, nothing fresh

[11:01] {nemo} lvs mimicing market

[11:01] {dino} sm amed l .50 es

[11:01] {nemo} amed where you want it dino

[11:02] {Threei} more or less, but that spike was disproportionally big

[11:03] {dino} .90s

[11:03] {dino} 35 wall imo

[11:04] {ese} nice one dino.....

[11:06] {dino} sgg hard to get out of

[11:08] {ese} i'm out amed .51.........take my licks -.42

[11:09] {Threei} SPPI open

[11:10] {dino} ]loss never bothers me after i take it

[11:10] {ese} holy smoke.........

[11:10] {dino} partial out sgg .70, +.60

[11:10] {ese} naw me neither

[11:11] {ese} sppi vad.....what do we do with that one......watch?

[11:11] {dino} sppi, treatable 4000 patients?

[11:11] {dino} kind of low isn't it

[11:11] {Threei} it trades faster than I could possible type any signal ese

[11:12] {ese} boy i'll say

[11:12] {ese} first sign of strenght on pullback

[11:13] {Threei} all the way back

[11:13] {Threei} bounce soon

[11:13] {Threei} but let it drop more

[11:13] {ese} with ya

[11:13] {Threei} no way I'll alert in time

[11:14] {dino} tis drop, thin

[11:14] {nemo} set up "now" in mirc and hit return

[11:15] {larisa} if you wait for alert on stock like this, you will lose $

[11:15] {magoo} what the hex...it neg

[11:16] {dino} expands to only 4k patients thats why

[11:17] {dino} sxci

[11:19] {ese} heck of a shake down there sppi

[11:20] {Threei} one more leg down

[11:21] {ese} you go with the 3 legs down theory vad?

[11:21] {Threei} nah

[11:21] {dino} sm s sxci .36

[11:21] {Threei} Okay, that was it... mised it

[11:21] {Threei} didn't feel like 8 would hold

[11:22] {ese} might bounce off it again

[11:22] {larisa} 7.91 low

[11:22] {ese} you were right the first time

[11:22] {Threei} in

[11:22] {Threei} stop under .90

[11:23] {Threei} half out

[11:23] {ese} sure surprised alot of people after some positive news

[11:23] {Threei} .30

[11:23] {nemo} nice vad

[11:24] {nemo} you must have been hell on the ring at the merry go round

[11:24] {Threei} 1/4 more out .20

[11:25] {Threei} nice and clean double bottom

[11:25] {Threei} a bit too fast but doable

[11:26] {Threei} out in full

[11:26] {Threei} +.42

[11:26] {Threei} anyone ventured?

[11:27] {dino} not i

[11:27] {tomg} i did ty vad

[11:27] {nemo} for me that would be like trying to grab the mail out of the box at 60 mph

[11:27] {Threei} wtg tom

[11:28] {tomg} :)

[11:28] {ese} I did vad in .29 out ,52

[11:28] {ese} +.23

[11:29] {dino} gj, i did not like the news

[11:30] {ese} made up for the amed loss

[11:32] {Threei} wow ese... wading into deep waters of superfast trading :)

[11:33] {Threei} btw guys, for the future

[11:33] {Threei} [11:13] {Threei} all the way back

[11:33] {Threei} [11:13] {Threei} bounce soon

[11:33] {Threei} [11:13] {Threei} but let it drop more

[11:33] {Threei} why more:

[11:33] {Threei} this kind of runners on what seems to be great news

[11:34] {dino} sxci bstop to ,52 not cooperating

[11:34] {Threei} when pulls back so deep that in fact retracts almost or all of gains,

[11:34] {Threei} they tend to go much much lower.

[11:34] {Threei} eityher news is not that great, as dino pointed out in this case,

[11:34] {Threei} or it's a rehash of old news,

[11:35] {Threei} or it's simply being priced in,

[11:35] {Threei} and now profit taking comes out in force

[11:35] {Threei} whatever the reason is in each particular case,

[11:35] {Threei} when they do that let them drop much deeper

[11:35] {Threei} Don't be afreaid to miss THE bottom,

[11:36] {Threei} better hunt for cleaner formation, like double bottom,

[11:36] {Threei} let the pace slow down a little so trade is safer

[11:36] {dino} sxci stopped -.16

[11:36] {Threei} and if you miss it, you miss it, no biggie

[11:37] {tomg} good educational lesson, vad, ty

[11:37] {fernp} yes, TY Vad

[11:38] {larisa} LVS

[11:38] {magoo} LVS .80

[11:42] {Threei} tries to re-establish the setup

[11:42] {Threei} needs market help

[11:45] {Threei} wow

[11:46] {Threei} SPPI decided to punush "news traders" for real today

[11:46] {dino} esl hod area

[11:47] {ese} how about this double botom in SPPI now vad.....safe entry?

[11:47] {dino} medq stopped-.14

[11:47] {ese} or too much selling already taken place

[11:48] {dino} out remaining sgg .70, +.60

[11:49] {ese} wow dino......that thing was thin.....how many shs did you have

[11:51] {dino} 300

[11:51] {ese} nice

[11:51] {ese} vad you there?.........

[11:51] {dino} ty

[11:51] {dino} esl interesting, big pullbacks

[11:52] {ese} as per question above.....re double bottom in sppi

[11:52] {dino} sgg waiting to re-load at 65

[11:53] {Threei} ok

[11:53] {Threei} LVS restabliushed

[11:53] {Threei} ese?

[11:53] {ese} yes

[11:53] {Threei} oh, I see your question, sorry

[11:53] {Threei} missed it

[11:54] {Threei} I'd leave it alone

[11:54] {ese} no prob

[11:54] {ese} was thinking about entry....just wondering a viability of the bigger double bottom on 1 min chart

[11:54] {ese} wasn't

[11:55] {ese} wondering about

[11:57] {ese} as a strength indicator

[11:57] {Threei} I'd say, interest in it is waning as positions unwind and emotions die down

[11:58] {Threei} more and more people read the news and notice what dino noticed,

[11:58] {Threei} shrug and walk away

[11:58] {dino} vad is such an emotional guy

[11:58] {ese} gottcha

[11:58] {Threei} oh yes

[11:58] {Threei} and sentimental too

[11:58] {Threei} I cry watching sunrise

[11:58] {dino} but of course

[11:58] {Threei} hug every dog walking by

[11:58] {ese} cries over spilt vodka........

[11:59] {Threei} sometimes, because of bad sight, I miss and hug the female owner

[11:59] {ese} funny

[11:59] {dino} as i expect of you

[11:59] {Threei} ok... market broke out

[11:59] {Threei} LVS, follow the suit will ya

[11:59] {Threei} or I'll get emotional

[11:59] {ese} did it ever

[12:00] {Threei} you know that famous "September is historically the worst month for stock market" right?

[12:01] {nemo} should be a mad rally

[12:01] {Threei} I have this feeling... this September will shutter it, just as this May did to just as famous "Sell in May and go away"

[12:02] {dino} there go your emotions again, :)

[12:03] {dino} feeling talk

[12:03] {ese} shutter?

[12:03] {ese} don't get ya there chief

[12:03] {nemo} shatter

[12:04] {ese} a rally and then die off into christmas?

[12:04] {Threei} yes dino... and I am about to start this bout of uncotrollable cries

[12:04] {ese} int's that emotional making money eh?

[12:04] {ese} it's

[12:04] {Threei} GLD Moves out to fresh session highs above $995

[12:05] {ese} well....i'm glad your on my side

[12:05] {Threei} US Treasury's Krueger: Obama administration considering extension of some housing support programs if deemed necessary

[12:06] {Threei} Long Setup: RMBS .43

[12:06] {Threei} if stays above .35

[12:06] {ese} L uaua .2432 to be exact

[12:11] {ese} nice

[12:13] {ese} opps

[12:14] {ese} ahhhh carry on

[12:15] {dino} sm l tis .92

[12:21] {ese} what does it take for a stock to go up these days.......goodness

[12:25] {ese} hmmmmmm nice conversation with myself........i can keep myself entertained.....this is a good thing

[12:26] {Threei} lol ese

[12:27] {Threei} I need to learn from you... 10 more days of solitude

[12:28] {ese} then you are going on holidays

[12:28] {ese} ?

[12:28] {Threei} no, my wife returns from visiting her dad

[12:28] {ese} ahhhhhhhh

[12:29] {dino} trading song came on

[12:29] {ese} huh

[12:29] {nemo} better edit that

[12:29] {dino} welcome to the jungle, guns/roses

[12:30] {ese} ha ha ha ha.........

[12:30] {magoo} out ram-butt

[12:31] {nemo} not gonna' say it

[12:31] {Threei} please don't

[12:31] {magoo} its my goal to get you kicked u know

[12:31] {nemo} said I wouldn't

[12:31] {nemo} Actually hadn't thought of anything...which worries me

[12:32] {Threei} hmmm

[12:32] {dino} yuk!

[12:32] {Threei} just shows you how people can bo so very different

[12:32] {Threei} it's when I do think of something I get worried

[12:32] {magoo} im confused

[12:32] {Threei} welcome to my world

[12:33] {Threei} state of permanent confusion

[12:33] {magoo} vad, u thinking sept going to be bad month like usual..because the sell in may reference didnt work, but the word chatter, dunno wat u meant

[12:33] {Threei} that was shatter

[12:34] {Threei} I think

[12:34] {nemo} no, I translated

[12:34] {Threei} OK... let me try and be clear for once

[12:34] {magoo} lvs .80

[12:34] {Threei} I feel (yeah, emotions again)

[12:34] {Threei} that there is a good chance for the market to fool everyone

[12:34] {Threei} and continue with this insane rally

[12:35] {nemo} lvs broke out

[12:35] {Threei} 1:1

[12:35] {magoo} got cha

[12:36] {magoo} out .91 TY 3k

[12:36] {magoo} in a second

[12:36] {Threei} :)

[12:36] {Threei} 14.97 is high from Aug 28

06[12:38] * Threei slaps laserdave around a bit with a large warnng not to drink too much over the long weekend

[12:39] {Threei} RNBS 1:1

[12:39] {Threei} RMBS too

[12:39] {Threei} I haven't count the number of calls today but I am pretty sure there is no signle stop

[12:40] {dino} out amed .90, +.40 slow

[12:41] {Threei} DIS Pixar unit reportedly being suied by Luxo over alleged trademark infringement

[12:41] {Threei} what did they steal? image of a rat in cook's hat?

[12:42] {Threei} RMBS 1:2

[12:43] {magoo} u knew when i cut rmbs and insulted it..it would trigger

[12:43] {nemo} yeah, he doubled down

[12:44] {Threei} Prez is giving back-to-school speeh on Tuesday noon

[12:44] {nemo} indoctrination speech

[12:44] {Threei} well... I guess it's as good excuse to appear on TV as any

[12:45] {magoo} he appeared on tv the other day just to announce that eating bran keeps u regular

[12:46] {Threei} RMBS 1:3, and I do that to you on purpose mags

[12:46] {Threei} or is it 1:4 already

[12:46] {Threei} something I read a few days ago:

[12:46] {Threei} Obama's health care plan will be written by a committee whose head says he doesn't understand it, passed by a Congress that hasn't read it, and whose members are exempt from it, signed by a president who smokes in secret, funded by a treasury chief who did not pay his taxes, overseen by a surgeon general who is obese, and financed by a country that is broke.

[12:47] {nemo} 4

[12:47] {Threei} 1:5

[12:47] {magoo} really REALLY hurts too vad, i had 3k...so you can really rub it in

[12:47] {nemo} I got that a couple of days ago...and the IRS will be the enforcer

[12:47] {Threei} oh I will

[12:47] {Threei} 1:6

[12:48] {Threei} you can always count on me mags, to deliver as much pain as possible

[12:48] {Threei} 'cause pain is the best teacher

[12:48] {larisa} you still holding RMBS vad ?

[12:48] {Threei} (and this phrase abouve is just my excuse, in truth I simply like delivering pain)

[12:48] {Threei} no larisa... took 1:2 :)

[12:49] {larisa} just trying to help magoo :)

[12:49] {Threei} no chance

[12:49] {Threei} I'll tease him to no end

[12:49] {Threei} and he wouldn't expect any less from me

[12:49] {magoo} i walked away from bookuu bux

[12:50] {magoo} boo-koo?

[12:50] {Threei} you did, didn't you

[12:50] {magoo} boo-ku?

[12:50] {magoo} why dont you calculate it vad..really burn me :)

[12:50] {Threei} happily

[12:51] {Threei} 17.90 - 17.43 = 47 cents

[12:51] {Threei} .47 x 3K = 1,410

[12:51] {nemo} look at LVS

[12:52] {Threei} after couple lackluster days we got our revenge

[12:53] {Threei} 100% day'

[12:55] {Threei} LVS 1: I don't know how much

[12:55] {nemo} .80 break

[12:56] {nemo} back when it was vacillating between 75, so that's 1:7

[12:56] {magoo} well..i got nmad, so reloaded and hit LVS from .98 to .15

[12:56] {magoo} vad motivartes me

[12:56] {nemo} Vad or mad?

[12:57] {Threei} I am scared to ask what motivarting consitutes

[13:01] {dino} all day, bpi to .14

[13:02] {dino} to .20

[13:04] {dino} to .25

[13:04] {dino} out .25, +.75

[13:08] {dino} tis stop -.32

[13:17] {ese} "motivartes me" now theres a words.......got the word "art" in there for we musician types in the creative arts field

[13:18] {Threei} lol

[13:19] {dino} sm s esl .80

[13:20] {magoo} sm s ese??

[13:21] {nemo} amed going vertical

[13:21] {dino} w/o me

[13:22] {magoo} HGSI lord vader

[13:22] {Threei} .20 is a good level to break

[13:22] {Threei} just too vertical into it

[13:22] {Threei} want some consolidation first

[13:23] {Threei} early comment on LVS

[13:23] {nemo} 1:11 lvs

[13:23] {Threei} [10:56] {Threei} has smell of momo play

[13:24] {ese} out uaua ..34 +.10

[13:26] {magoo} hig highs

[13:26] {magoo} sigh

[13:29] {Threei} Leading liberals are already thinking the unthinkable: Challenging President Obama for the Democratic nomination in 2012.

[13:29] {nemo} he's not liberal enough?

[13:30] {nemo} hgsi trhough .20

[13:30] {Threei} pretty much

[13:30] {nemo} How much closer to the Politburo can he get?

[13:30] {Threei} the president has compromised on everything so far and as self-defeating as it may be, the progressive caucus and progressives would abandon him if necessary, if this was to be the policy of this administration into 2012.

[13:30] {Threei} RMBS newzs

[13:31] {Threei} RMBS Samsung comments that has no intention to purchase company (17.20, +1.27, 7.97%)

[13:31] {Threei} - Earlier takeover rumors circulated that Samsung was interested in acquiring the company

[13:33] {dino} esl bstop to b/e

[13:40] {dino} cov esl .40, +.40

[13:42] {rjdtbd} esl

[13:42] {dino} sxci s .99

[13:46] {dino} bstop to .06 stuck

[13:49] {dino} to b/e not cooperating

[13:49] {dino} ugh esl

[13:50] {dino} way too soon

[13:52] {dino} gld

[13:54] {dino} sgg came back 2 bucks

[13:55] {dino} sxci stopped flat

[14:05] {ese} L nvax .63

[14:07] {dino} ouch dgrdp

[14:09] {dino} jazz

[14:17] {ese} nver heard of that one dino Digital Reality Trust

[14:18] {ese} -20 ouch is right

[14:18] {nemo} Matrix LLC

[14:18] {nemo} as in the movie...bad joke...at least it's clean

[14:19] {dino} lol

[14:19] {dino} otc es

[14:19] {dino} came up on scanner

[14:20] {dino} jazz tempting

[14:20] {nemo} Scanners....I remember that one

[14:20] {nemo} jazz popped

[14:21] {dino} thinking short

[14:22] {dino} can't get it

[14:22] {nemo} nope

[14:23] {nemo} yeah, looking like a good short lower volumes than the previous spikes

[14:23] {dino} too tight sxci, would've worked

[14:23] {nemo} then again...as it jumps some more

[14:26] {larisa} another buyout rumor? whats up with JAZZ?

[14:26] {Threei} no news

[14:27] {dino} investor dude bgt 150,000 shares all i can fing

[14:27] {dino} find

[14:27] {larisa} lol

[14:27] {dino} nemo spike...opps nmo i mean

[14:28] {nemo} in jazz, yeah

[14:30] {dino} esl sm s .00

[14:30] {dino} .02

[14:34] {Threei} watching TIVO and JAZZ for bounce

[14:36] {nemo} is tivo trading?:)

[14:36] {Threei} huh?

[14:36] {Threei} oh

[14:36] {Threei} lol

[14:36] {Threei} sorry, slow todayt

[14:36] {Threei} and no jokes about "today"

[14:36] {nemo} me too...haven't been able to read diddly

[14:36] {Threei} why it's easy

[14:36] {Threei} D

[14:36] {Threei} I

[14:37] {Threei} then double D

[14:37] {Threei} see?

[14:37] {nemo} G

[14:37] {nemo} A

[14:37] {nemo} W

[14:37] {nemo} D

[14:37] {nemo} !

[14:38] {Threei} retreat a little TIVO, I need a range

[14:39] {Threei} ugh

[14:50] {dino} tyg

[14:55] {Threei} grrr

[14:55] {nemo} jazz

[14:55] {Threei} JAZZ was so easy tyo read short off .50

[14:55] {Threei} unavailable

[14:55] {nemo} yeah

[14:59] {nemo} my heart can't take all this excitement...thank god for my beard, else I'd have split my chin

[15:02] {nemo} calling it a day. take care...c u next tuesday

[15:02] {larisa} bye :)

[15:03] {dino} cya

[15:03] {Threei} take care nemo

[15:17] {ese} outta here all.....have to prep for a Blues Bash Festival this weekend.....beer drinking starts in T minus 1 hr 45min......it's a moment that i preped for for very diligently in college to apply those skills when needed....in this case in exactly t minus 1hr 43 min.....wish me luck

[15:17] {Threei} good luck ese

[15:17] {Threei} hey, tell me where to go if I do

[15:17] {Threei} and when

[15:17] {ese} hopefully we see you on monday vad

[15:18] {ese} down in the inner harbour where the dragon boat festival was

[15:18] {Threei} ship point

[15:18] {Threei} what time?

[15:18] {ese} our show starts at 4pm monday.......hopefully with no rain

[15:18] {Threei} got it

[15:19] {Threei} GRMN July and August exceed expectations, expects good 4Q: statement

[15:19] {Threei} - Price declines in line with expectations (31.75, +0.20, 0.63%)

[15:20] {Threei} wow

[15:20] {Threei} nice reaction

[15:27] {dino} esl stopped -.38

[15:30] {dino} lol es, just read that

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 710M shares, about 16% below its three-month average; advances lead decliners by 3.1:1.

[15:32] {Threei} - NASDAQ volume 1.4B shares, about 23% below its three-month average; advancers lead decliners by 2.1:1.

[15:32] {Threei} - VIX index -7% to just over 25.00

[15:37] {fernp} good evening everybody. have a nice weekend

[15:37] {Threei} have a great one fern, hope we fixed this week today

[15:39] {dino} u2 fern

[15:42] {dino} giii to flat

[15:44] {dino} jst

[15:46] {dino} giii to .45

[15:47] {dino} to .49

[15:49] {dino} out giii .50, +.11

[15:53] {Threei} okay guys

[15:53] {Threei} thank you all

06[15:53] * magoo slaps Threei around a bit with a large trout

[15:53] {Threei} let;s have a great relxing long weekend

[15:54] {Threei} even you magoo

[15:54] {larisa} see you next week :)

[15:54] {Threei} September promises to be interesting

[15:54] {Threei} see you all on Tuesday unless ese pours too much beer on Monday

[15:54] {dino} coors light

[15:55] {dino} cya vad

[15:57] {magoo} have good weekend all..ty boss

[16:00] {dino} tis out half .75, -.15

[16:02] {dino} thx all, have good extended weekend

Sep 03 2009

Another boring day. Just waiting out till after Labor Day

Session Time: Thu Sep 03 00:00:00 2009

[07:55] {magoo} wrirhrwligrhlrehrgehllrjkr

[07:55] {nemo} aslfwossjaprw!!

[07:56] {magoo} r';prs;okjpgrjj

[07:56] {nemo} I have to stop before I get in trouble

[07:56] {Threei} Yesterday 22:32 SVA China approves application to produce H1N1 (swine flu) vaccine

[07:56] {Threei}

[07:57] {nemo} Not sure I'm big on a Chinese swine flu vaccine

[07:57] {Threei} SVA sure is

[07:57] {nemo} THey producing it here for there? THat's different

[07:58] {Threei} ummm

[07:58] {Threei} let me reiterate:

[07:58] {Threei} Yesterday 22:32 SVA China approves application to produce H1N1 (swine flu) vaccine

[07:58] {Threei}

[07:59] {Threei} now, if it said:

[07:59] {Threei} SVA China approves NVAX's application to produce H1N1 (swine flu) vaccine

[07:59] {nemo} I get the feeling you're frisky this morning

[07:59] {Threei} I'd agree, SVA is not the one who will produce it

[08:02] {magoo} vad,u didnt say good morning magoo...first time in 3 years

[08:02] {magoo} AIG moving

[08:02] {Threei} Good morning magoo

[08:03] {magoo} morn vad:)

[08:03] {Threei} (I was checking if you pay any attention - didn't want to take it as a given)

[08:03] {Threei} good save?

[08:03] {magoo} yea...man, alot of green out there

[08:09] {magoo} whats up with fre & fnm?

[08:10] {nemo} nm

[08:10] {nemo} fnm

[08:10] {nemo} what am I doing

[08:11] {magoo} solars popping too

[08:11] {Threei} no specific news... I assume general market strength

[08:11] {nemo} they've been weak for the last month or so

[08:12] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:12] {Threei} - Expectations for initial claims are 565K v prior release of 570K (range seen from 550K to 580K)

[08:12] {Threei} - Continuing claims seen at 6.125M v prior 6.133M. (range seen from 6.100M to 6.200M)

[08:30] {magoo} numbers out

[08:30] {Threei} *US INITIAL JOBLESS CLAIMS: 570K V 564KE; CONTINUING CLAIMS: 6.234M V 6.130ME

[08:30] {nemo} spy and qs dropping

[08:30] {Threei} Prior jobless claims revised from 570K to 574K

[08:47] {brian3579} gm all

[08:49] {Threei} brian :)

[08:49] {Threei} ECB's Trichet: Reiterates will quickly unwind stimulus measures when economy recovers; will absorb liquidity to counter any threat to price stability

[08:50] {Threei} so what he is saying is: there is no inflation threat as they'll be able to absorb back their injections

[08:50] {Threei} and remove excessive money slushing around

[08:55] {nemo} which of course will slow the economic activity

[08:59] {Threei} SVA is honestly trying

[09:00] {nemo} aig looks like it's chomping at the strting gate

[09:00] {Threei} C Announces Shareholder Approval Of Increase In Authorized Common Shrs, Paving Way To Complete Shr Exchange (4.56, 0.00, 0.00%)

[09:03] {brian3579} what was the symbol of the stock that was halted yesterday?

[09:03] {Threei} SEPR

[09:03] {brian3579} ty

[09:03] {nemo} aig took out morning high

[09:04] {brian3579} anyone ever caught in that position?

[09:04] {Threei} looooong ago

[09:04] {Threei} very unpleasant

[09:04] {brian3579} scary

[09:05] {Threei} rule of thumb: stay away from huge moves with no news

[09:05] {Threei} those tend to get halted

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:09] {ese} i'm here...i'm here....let the bells ring let the banners fly ....i'm here.

[09:10] {Threei} lol

[09:10] {Threei} mornng ese

[09:10] {ese} morning vad

[09:10] {nemo} better have your prescriptions adjusted

[09:10] {ese} was just thinking that

[09:10] {nemo} aig running again

[09:11] {Threei} (CH) Chinese Central Bank Adv: See economic recovery being sustained into 2010

[09:11] {magoo} man..my targhet AIG yesterday was 42

[09:11] {magoo} day early

[09:12] {Threei} lol, here is news I need a bottle of vodka to understand:

[09:12] {Threei} RHT Optimizes virtualization with HP for bladesystem matrix

[09:13] {ese} thats ben an interesting if not phonomenal run for aig.....15 bills to 55 in 17 days approx

[09:13] {ese} thats a hmmmmmm vad

[09:14] {fernp} good morning everybody

[09:14] {Threei} if RHT moves on that, I'll need to think of some optimization of virtualization myself

[09:14] {ese} mags do you expect AIG to be heading back to the 950.00/shs eventually?

[09:14] {Threei} fern :)

[09:17] {nemo} sva is shortable

[09:18] {dino} amed, fdo

[09:20] {dino} full day tomorrow?

[09:20] {bluejet} GM

[09:20] {larisa} good morning :)

[09:20] {Threei} bluejet :)

[09:20] {Threei} larisa :)

[09:21] {larisa} vad :)

[09:21] {Threei} yes dino

[09:21] {dino} ty

[09:21] {ese} interesting dino.....price target raised on amed and it gets tanked 8-9 bucks

[09:21] {Threei} Monday closed

[09:22] {magoo} friday a full day vad?

[09:22] {Threei} yes magoo

[09:22] {Threei} Monday closed

[09:22] {larisa} market open tomorrow whole day ?

[09:22] {Threei} yes larisa

[09:22] {Threei} Monday closed

[09:22] {ese} Ahhhhh speaking of Monday Vad......My Rhythm and Blues Band is onat Blues Bash down in the inner harbour from 4pm to 5:15 pm......Lots of beer

[09:23] {larisa} and monday?

[09:23] {larisa} oh

[09:23] {Threei} hmm... sounds tempting ese

[09:23] {Threei} who is paying for beer?

[09:23] {larisa} vad has a lot of patience today for some reason :)

[09:23] {Threei} but wait... I have 13 more to ask about tomorrow and Monday

[09:23] {larisa} lol

[09:23] {Threei} I am trying to bring up the best in myself larisa

[09:24] {larisa} ans we can help to do it :)

[09:24] {larisa} and

[09:24] {Threei} certainly... see, ese invites me a aparty with beer... that usually brings out the best in me

[09:25] {ese} Vad dcc please

[09:28] {dino} amed ceo leaving

[09:29] {dino} left i should say

[09:30] {texus} gm

[09:31] {Threei} texus :)

[09:31] {ese} dino have you got a buy in point for amed

[09:31] {Threei} Long Setup: SVA half lot .40 break

[09:31] {Threei} if stays above .25

[09:31] {dino} not yet

[09:31] {dino} 28.65 june

[09:32] {dino} 30 strike maybe

[09:32] {nemo} bounce on sva vad?

[09:35] {magoo} ytea

[09:38] {Threei} Long Setup: RIMM .20 break

[09:38] {Threei} if stays above .05

[09:39] {ese} L nvda ,37

[09:40] {Threei} no go RIMM

[09:41] {Threei} SVA is returning to the high so stubbornly

[09:41] {dino} amed 30s

[09:49] {Threei} Long Setup: SVA 10 break

[09:49] {Threei} if stays above .90

[09:50] {Threei} grr

[09:50] {ese} out nvda .43 +.06

[09:56] {ese} that L setup for sva still good vad

[09:57] {nemo} seems to be building a base

[09:57] {ese} nope

[09:57] {Threei} technically yes... I just don't find much technicala working today

[09:57] {ese} at .89

[09:58] {Threei} S&P: US High Yield Default Rate 10.2% in August

[09:58] {Threei} sitting out this hectic action

[10:00] {Threei} *AUG ISM NON-MANUFACTURING COMPOSITE: 48.4 V 48E

[10:00] {Threei} **Sub-indices:

[10:00] {Threei} - Non-Mfg Prices Paid Index: 63.1 v 41.3 prior

[10:00] {Threei} - Employment: 43.5 v 41.5

[10:00] {Threei} how's that for technicals?

[10:01] {dino} fast drop

[10:02] {ese} gonna be same market as yesterday...Red, Green, Red, Green....blah blah blah...

[10:02] {larisa} laser quote problems or it is just me?

[10:03] {Threei} fine today so far

[10:03] {nemo} yeah, me too, switch servers lari

[10:03] {larisa} ty

[10:06] {nemo} gold dumped

[10:07] {nemo} shoulda' stuck with my sva short

[10:11] {Threei} you shorted it?

[10:12] {nemo} yeah, pre-market, only 200 shares @ .45 got out A .25

[10:13] {nemo} I didn't see this coming, chicken-little-scalpers-regret

[10:13] {nemo} sorry, out @ .26

[10:13] {dino} abm sm l .10

[10:14] {ese} what stock was that nemo?

[10:14] {nemo} sva

[10:15] {nemo} had tht double top @9:15

[10:15] {Threei} ECB's Stark: Latest data suggests that worst of economic crisis is over; must not over interpret monthly data

[10:15] {Threei} - Likely Bumpy Road Ahead for Economy

[10:16] {dino} amed?

[10:21] {ese} what are ya thinkin dino

[10:21] {ese} been watchin it

[10:21] {Threei} BCRX woke up all of a sudden

[10:22] {ese} amed is at what i would call the no brainer buy point......

[10:22] {Threei} ahh

[10:22] {Threei} BCRX Hearing takeover chatter circulating

[10:22] {Threei} - Shionogi rumored as potential acquirer (11.60, +0.58, 5.26%) (related 4507.JP )

[10:22] {nemo} dcc ese

[10:24] {fernp} HIG vad?

[10:24] {dino} 30

[10:24] {Threei} not sure fern... bounces just don't work

[10:25] {ese} i'm thinkin that dino

[10:26] {ese} it's worth in the flippin 40's basically from what i can see just quickly looking at financials.......

[10:26] {ese} oops swear word....financials

[10:26] {dino} wish they would say something

[10:26] {dino} lol

[10:28] {dino} sm giddy up

[10:28] {dino} .25 wide

[10:29] {Threei} CEPH Hearing takeover chatter circulating

[10:29] {Threei} - GSK rumored as potential acquirer (56.26, +0.21, 0.37%) (related GSK )

[10:30] {ese} l amed sm as well .17

[10:34] {dino} abm stopped -.30

[10:35] {ese} added some more amed avg.27

[10:35] {Threei} Long Setup: VICL .10

[10:35] {Threei} stop under 5

[10:37] {magoo} in

[10:37] {dino} good girl

[10:37] {ese} out amed ,,76

[10:37] {dino} nice

[10:37] {ese} +.49

[10:37] {magoo} nice

[10:37] {dino} feels like 32-33 to me

[10:38] {ese} 3/4 lot 400 bucks can't complain

[10:38] {Threei} wtg

[10:38] {ese} you have more of a sense for thses than i do dino

[10:38] {Threei} ELN Ticking higher on renewed takeover chatter circulating

[10:38] {Threei} - Lundbeck rumored as potential acquirer (7.31, +0.26, 3.69%) (related LUN.DC BIIB )

[10:39] {nemo} 1:1

[10:39] {fernp} ty vad

[10:39] {Threei} welcome

[10:39] {Threei} something had to work finally

[10:40] {magoo} waiting .20 no fill

[10:40] {nemo} transition week

[10:40] {magoo} out now 6k TY

[10:40] {ese} 392.00 bucks to be exact

[10:41] {ese} nice dino.....amed moving up there

[10:41] {magoo} 600 bux i calcubalate

[10:42] {nemo} took your shoes and socks off, huh?

[10:42] {ese} right on mags

[10:42] {magoo} yea..size DOES matter:)

[10:43] {dino} stop to .99

[10:44] {nemo} yeah...and those brass ones of yours

[10:44] {nemo} or steel, if you prefer

[10:44] {ese} definately.......

[10:45] {dino} stopped amed .99, +.74

[10:45] {ese} size in very very short time frames.....15/20 seconds is best for me

[10:46] {ese} nice dino......

[10:46] {ese} how do you trail the stop.....

[10:46] {magoo} ya man..thats what i liker

[10:46] {dino} abm last try ,04 l

[10:46] {magoo} hate a trade that drags on and on for like 75 seconds

[10:46] {dino} manuallymove it

[10:47] {dino} too tight tho

[10:47] {ese} .05 .10 behind ?

[10:47] {dino} i start around 150 sl, then move

[10:47] {nemo} like that huge short all afternoon while dino was on vacation mags

[10:49] {ese} L fitb .14

[10:52] {dino} hiot 32.30 i was right

[10:53] {Threei} OSIR

[10:53] {Threei} Osiris Therapeutics Inc Heaing weakness attributed to rumor originating from chat room that data has been leaked

[10:53] {Threei} - note: In April, OSIR, completed Enrollment in its Second Prochymal Phase III Trial for Graft vs. Host Disease (GvHD), and said it expected top-line data from both studies in the second half of 2009.

[10:54] {ese} give me a break...qqqq's break up and fitb hangs at .15........well I never

[10:54] {ese} what kind of way to make a living is this?

[10:55] {nemo} Dino amed, maybe to 33-34?

[10:56] {nemo} ese, fitb looks something like fas today, might be my imagination, but AIG seems to have been leading financials last couple of days

[10:56] {nemo} it's flat the last 20 minutes

[10:56] {ese} hmmmmm tks nemo.......good thought

[10:57] {dino} nemo 36s imo

[11:00] {ese} for amed?

[11:00] {nemo} yeah

[11:00] {nemo} that would be the next level 35.50-36

[11:01] {ese} out fitb .21 +.07

[11:02] {ese} opps .20 +.06

[11:02] {ese} hmmmm thought i had .21 there

[11:07] {dino} out abm stoped -.32. fool me twice done w/it

[11:13] {dino} amed power struggle departures

[11:14] {dino} 10:47 am on cyber

[11:14] {dino} dj news

[11:16] {Threei} IFON Hearing chatter that company may receive the rights to sell iPhone in China (2.04, +0.53, 35.10%) (related CHU )

[11:17] {Threei} (US) Dept of Transportation (DOT): higher gas taxes and road mileage charges are options for raising revenue

[11:17] {Threei} of course they are

[11:17] {Threei} - Note: On 8/28 China Unicom signed a 3 year agreement with Apple to launch the iPhone; which was not exclusive

[11:17] {nemo} wait until they start charging for toilet flushes

[11:18] {ese} they do in europe......have to pay to use some toilets

[11:18] {dino} ny city too

[11:19] {nemo} I suppose breathing can't be that far behind, we do emit CO2

[11:20] {dino} intc strange

[11:20] {ese} in ny? didn't kn ow that

[11:20] {nemo} mmmmhhh, amed's ascent coincided with spy and Qs

[11:21] {dino} some new street toilets, .25 to use

[11:23] {Threei} IFON tries to tuirn into momo runner...

[11:26] {Threei} holding well so far

[11:26] {Threei} 2.20 break should be a launching pad

[11:26] {Threei} realize the risk

[11:27] {Threei} alternative way to try it - break of that big offer at .15

[11:27] {Threei} if it's taken out, .20 shouldn't hold

[11:28] {nemo} kinda' stands out, doesn't it...

[11:29] {nemo} went from 268 to 700+ back to 500+

[11:30] {nemo} Vad, do you think those just move down to 2.11 and 2.13

[11:30] {Threei} no

[11:30] {Threei} they are all there

[11:31] {dino} dllr hl l .25

[11:33] {Threei} one scenario this kind of things spometimes follows:

[11:33] {Threei} stock retreats, huge offer chases it down,

[11:34] {Threei} at some point the price becomes attractive enough for buyers to take it out

[11:34] {Threei} and that become a trigger.

[11:34] {Threei} Stock ususlly comes into level where such offer originally sat,

[11:34] {Threei} pauses for a sec,

[11:34] {Threei} then blows through it as buyers realize it's no longer there

[11:35] {dino} amed 34 trig imo

[11:37] {dino} hmmm better to grab pullback

[11:42] {nemo} gold has exploded

[11:42] {dino} cski

[11:43] {ese} which ticker nemo?

[11:43] {nemo} gld

[11:43] {ese} tks

[11:44] {ese} i'll say

[11:44] {nemo} a bit hyperbolic, but it ha been hanging between +.20 and +.40, I then look and it's +1.20

[11:45] {Threei} Gold Moves above $990/oz

[11:47] {ese} ya know ya can't brush your teeth with it......watch pirates of the Caribean with it.....drive it.......hit it with a golf club....man what good is it?

[11:47] {ese} paper weight

[11:48] {nemo} silver in bullets is good against vampires an werewolves

[11:48] {ese} ok now that has some practical use

[11:49] {ese} gold chalis for drinking vodka....now thats practical use

[11:50] {nemo} kinda' heavy...

[11:50] {ese} ya ok......i'd spend 990 an ounce to drink booze from it

[11:50] {ese} can see the value in it now

[11:50] {nemo} like cursing in French

[11:51] {ese} lol

[11:53] {Threei} 51% Say Congress is Too Liberal, 22% Say Its Too Conservative

[11:53] {Threei} Most Voters Say Town Hall Meetings Should Be for Congressmen to Listen, Not Speak

[11:53] {Threei} no kidding

[11:54] {Threei} 47% Expect Their Own Taxes to Rise Under Obama

[11:54] {Threei} 53% don't give a crap since they don't pay taxes

[11:54] {nemo} took the words right out of my mouth

[11:55] {Threei} don't you love these daily poll updates

[11:55] {nemo} no

[11:55] {Threei} that was rhetoric question

[11:55] {ese} wayyyyyyy to much time on our hands don't you think?

[11:55] {nemo} that was a rhetorical answer

[11:56] {nemo} you're right ese, that's how I got in trouble a coupla' days ago

[11:56] {ese} gotta love this job........

[11:57] {nemo} please don't call it that

[11:58] {ese} although.........we must be driving vad nuts by now.......Vads thought process("my god....what have igotten myself into with these kooks")

[11:58] {ese} "I've spawned a nightmare".....

[11:59] {Threei} well

[11:59] {magoo} i have apptmt...see u all tomorrow..ty vad..everybody

[11:59] {ese} see ya mags

[11:59] {Threei} I kind of knew what I was getting into... I just didn't know it would be THAST deep

[11:59] {nemo} take care Mags

[11:59] {Threei} take care mags

[11:59] {nemo} had to switch from ankle boots to waders and scuba gear, huh?

[12:00] {ese} for me the barbecues have been worth it........forget the trading

[12:00] {Threei} and just FYI, got myself a spear too

[12:00] {nemo} kurari on the tip?

[12:00] {ese} ha ha ha too funny

[12:00] {Threei} always

[12:01] {nemo} don't call you "Vad the Impaler" for nuttin'

[12:01] {Threei} hate these days when I am not finding much

[12:01] {Threei} not that I have any reason to complain about how August went

[12:01] {ese} and on that note......L FITB .23

[12:01] {nemo} member those few days late spring, what was it end of may, beginning of July?

[12:01] {Threei} and I knew that last days before labor day are not likely to produce much

[12:01] {nemo} And then you kicked ass all through the Summer

[12:01] {Threei} still...

[12:01] {nemo} beginning of June

[12:01] {ese} qqqq's look like it's about to break up

[12:02] {Threei} it's the same as those few days

[12:02] {Threei} transition... trend in question... momos are less enthusiastic

[12:02] {nemo} yeah...frankly, I got a kick out of you playing with the GETCO routing and making money...disgusting

[12:03] {ese} getco?

[12:03] {Threei} Laser thing ese

[12:03] {nemo} on Laser ese

[12:03] {Threei} no ECN fee

[12:03] {ese} ahhhhhh

[12:03] {ese} nice

[12:04] {Threei} kind of flash order into dark pools - for humle retail traders

[12:04] {nemo} hear any more on the automatic routing strategy for that Vad?

[12:04] {Threei} haven't asked

[12:04] {Threei} when I see dave my first instinct is to slap him

[12:05] {Threei} when I remember that I had questions for him, he is already unconscious

[12:05] {nemo} we'll have to keep an eye out, no Mags to do the dirty work

[12:05] {Threei} BRIC finance ministers reportedly intend to discuss exit strategies and the global economy at Sept G20 meeting, special BRIC communique may include proposals for IMF quotas

[12:05] {Threei} - Treasury Sec Geithner plans to attend the BRIC fin min conference

[12:05] {ese} somebody take a look at the 15min chart of FITB and tell me it's not going to break above .25......

[12:05] {Threei} lol

[12:05] {Threei} do they plan to let him in?

[12:06] {nemo} he better wear flak gear

[12:06] {Threei} Ford Motor Co Discusses Investment in India; $500 Million Investment in India Paying Off

[12:06] {Threei} - Plant Readies for Production of New Small Car

[12:06] {Threei} - integrated manufacturing facility near Chennai

[12:06] {ese} come on......q's breaking up........fitb whats the problem

[12:07] {nemo} nice box range ese

[12:07] {ese} thats what i thought

[12:07] {nemo} fas and aig in box range too

[12:08] {ese} fas for sure......aig ummmmmmm not so much

[12:09] {nemo} depending on time frame true

[12:09] {dino} es, you're the golfer right?

[12:10] {ese} right

[12:10] {ese} and putting better these days i might add

[12:10] {dino} just got lynx square driver, hitting it 295+ last night. easiest driver i ever had

[12:10] {ese} need me for a tournament dino

[12:10] {ese} nice

[12:11] {ese} am trying new drivers as well to go along with my new Cobra CB's

[12:11] {dino} thing was only $79.99 at golfsmith, unbelievable. 9.5 degree stiff

[12:12] {ese} WHAT!!!!!!!!

[12:12] {nemo} somebody get smelling salts for ese

[12:12] {ese} midnight golf supply?

[12:12] {dino} no kidding

[12:12] {ese} there ain't anything under 300.00 around here

[12:13] {nemo} Funny to think back about using wood "woods"

[12:13] {dino} golfsmith.com

[12:13] {nemo} but he's in Canada, they'll whack him for import duties hard

[12:13] {dino} thought what the heck was using a couple year old e.r.c.

[12:13] {ese} am looking at that right now

[12:14] {dino} figured could sell it if no good, now thinking i need another one for myrtle beach trips

[12:15] {nemo} conspicuous consumption...tsk

[12:15] {ese} which one is it....predator/black cat?

[12:15] {ese} parallax?

[12:16] {dino} parallax

[12:16] {dino} the 08

[12:17] {Threei} get a friend or relative in USA to buy it before they come to visit you

[12:17] {Threei} I mean, buy it with shipping to their address

[12:18] {ese} 79.00....thats a great price......are those adjustable weights on the shaft end

[12:18] {ese} or are they preset?

[12:19] {dino} preset

[12:20] {ese} still excellent price

[12:21] {dino} thing is awesome for my swing

[12:21] {brian3579} just got back not sure what's going on but taylor made burner $150 @ golf smith and i think you can get online for $100

[12:21] {dino} great price too

[12:21] {ese} just looking at those as well brian

[12:21] {brian3579} great driver

[12:21] {ese} have been interested in the 2007/08 burner driver

[12:22] {dino} grow

[12:22] {brian3579} what is $79.00

[12:22] {brian3579} 08 burner 150 09 300 i think

[12:22] {ese} lynx parallax driver

[12:23] {dino} grow spiked couple days ago to 12.20 then fast drop fwiw

[12:24] {dino} ugh, can't borrow

[12:24] {ese} talk baout side tracked.....fitb still not broken above .25

[12:28] {Threei} US) CDC Official: Still expects H1N1 (swine flu) to return in mid October, US is in the process of releasing $1.5B in flu preparedness funding

[12:30] {dino} amed pull back

[12:31] {nemo} sva pull back too

[12:32] {Threei} US) Senator Schumer (D): Proposes funding SEC from fees rather than Congressional appropriations

[12:32] {Threei} - Expects Senator Tim Johnson (D-SD) to assume Senate Banking Committee chairmanship if Senator Dodd vacates the position.

[12:33] {dino} dllr to .40

[12:33] {nemo} dltr

[12:33] {nemo} dltr?

[12:34] {dino} d l l r

[12:34] {dino} in at .25 see above

[12:34] {nemo} thanks, I knew you play dltr and misse your call

[12:35] {dino} np

[12:35] {dino} es amed entry?

[12:36] {nemo} volume didn't increase with price on amed

[12:36] {dino} .50 way dllr

[12:37] {dino} wy=wall

[12:37] {dino} way, sheesh

[12:37] {nemo} getting much better at Threeish

[12:37] {nemo} sva volume spike

[12:39] {Threei} do note IFON

[12:40] {Threei} still hasn't died

[12:40] {dino} mco blood

[12:44] {dino} dllr to .48

[12:45] {dino} stopped +.23

[12:46] {dino} kof

[12:49] {Threei} watching R'IMM acending triangle

[12:49] {Threei} not so much for a trade as to see if any patterns are back

[12:51] {nemo} aig forming ascending wedge too

[12:51] {nemo} amn

[12:51] {nemo} damn

[12:57] {dino} cbst

[13:01] {Threei} no way to tell really, but the fact that IFON returned to 2 and tests this range could be indicative of late day run preparation

[13:01] {Threei} just keep an eye on it

[13:01] {Threei} if that chatter turns true, it's a big mover

[13:01] {Threei} if not but there is no denial to it, it may try to run on speculation

[13:02] {Threei} INTC CEO: Windows 7 and aging PCs could spur some tech buying -FT (19.32, -0.15, -0.77%) (related MSFT )

[13:03] {Threei} RIMM broke

[13:06] {Threei} 1:2 almost

[13:06] {Threei} not bad

[13:09] {Threei} first of three big offers by EDGX is taken on IFON

[13:10] {Threei} two more, at .10 and .15, then chart resistance at .20..

[13:10] {Threei} lol

[13:10] {nemo} rimm vertical

[13:11] {Threei} with no news and no market support

[13:11] {Threei} some of technicals are back it seems

[13:11] {Threei} that ascending triangle sure was pretty

[13:12] {Threei} second offer is taken

[13:18] {Threei} in absence of magoo who would be all over it... who is going to play IFON should it trigger?

[13:18] {nemo} I volunteer larisa...but she's not here

[13:19] {dino} amed sm l .18

[13:19] {fernp} 2.20 break is the tigger?

[13:20] {Threei} formally yes

[13:20] {Threei} in reality, I think if .15 offer is taken,

[13:20] {Threei} .20 won't hold

[13:20] {fernp} EDGX offer, no?

[13:20] {Threei} yup

[13:24] {Threei} moment of truth

[13:25] {Threei} couple test buys, to see if EDGX back away

[13:30] {dino} sm s cbst .62

[13:32] {Threei} Gold prices look to end floor session at levels not seen since March after testing $999/oz

[13:43] {ese} fitb is pulling another NVDA yesterday on me.....it's not going to do anything the rest of the day

[13:43] {Threei} pre-long weekend trading, ese...

[13:43] {Threei} end of summer

[13:43] {Threei} people pack in hampton

[13:46] {dino} mhp

[13:51] {dino} cbst stopped -.34

[13:59] {Threei} MTXX Hearing rumor company provided a modified Zicam formula to the FDA

[13:59] {Threei} - rumor that the modified formula would avoid the side effects seen in the nasal spray that caused i... (6.05, +0.91, 17.70%) more...

[13:59] {Threei} nasal spray that caused it to be withdrawn from the market in June.

[14:00] {Threei} too many rumors

[14:00] {Threei} dino

[14:00] {Threei} see LH?

[14:01] {Threei} LH Breakthrough HIV findings published in journal Science (69.06, +0.19, 0.28%)

[14:02] {Threei} Journal Science publishes research on HIV-blocking antibodies, possible basis of HIV vaccine

[14:03] {dino} amed stop to .38

[14:04] {dino} out amed +1.20

[14:05] {dino} lh is a device maker isn't it?

[14:06] {dino} testing firm

[14:06] {dino} ugh amed

[14:10] {nemo} aig remarkably sedate today

[14:11] {Threei} pretty much everything is

[14:11] {dino} cbst rinsed

[14:12] {dino} you guys are funny, i'm picking up lots today

[14:12] {nemo} I said aig...amed has been an animal both ways

[14:12] {nemo} aig has been crazy

[14:14] {dino} aig govt pump and dump imo

[14:19] {Threei} SVA is losing all supports

[14:21] {dino} lrn hl l .80, stop .49

[14:24] {Threei} TM US Trade Complaint Surrounding Hybrid Motor Pads

[14:24] {Threei} Could Face Ban on US Import of Hybrids

[14:25] {Threei} anyone shorted?

[14:26] {nemo} what? sva?

[14:26] {Threei} Toyota

[14:26] {Threei} see news?

[14:27] {nemo} yes, but I can't imagine that lasting long...they're the largest car manufacturer here

[14:28] {Threei} how long do you need it last to scalp?

[14:31] {dino} lol

[14:31] {nemo} you short it dino?

[14:35] {ese} outta here all....see ya tomorow

[14:35] {Threei} take care ese

[14:36] {ese} see ya vad

[14:36] {dino} no

[14:36] {dino} see ya es

[14:48] {nemo} cbst dino

[14:48] {nemo} amed getting the wedge

[14:49] {dino} bummer

[14:50] {dino} cbst, i was too soon

[14:50] {dino} lrn working

[14:57] {nemo} gotta' go c u 2 morow

[14:58] {dino} cya nemo

[15:06] {Threei} F Moody's raises rating to Caa1 (7.13, +0.10, 1.42%)

[15:06] {Threei} outlook adjusted to stable from negative

[15:06] {Threei} - Affects $25B in debt (7.13, +0.10, 1.42%)

[15:08] {Threei} F is trying

[15:11] {Threei} not bad for a thick stoxck like this

[15:12] {Threei} ese's style of scalping

[15:12] {Threei} he would have taken 6-7 cents on it on 30K shares :)

[15:13] {dino} he's good at that

[15:14] {Threei} IDCC Rumors of ITC Overturning Nokia Decision - unconfirmed reports

[15:15] {Threei} this upgrade seems to mean a fair deasl to F

[15:15] {Threei} been a good while since it made such vertical moves

[15:20] {dino} unless they were down

[15:20] {Threei} lol

[15:20] {Threei} true

[15:20] {patience} hard to believe we used to trade 800 point swings in a day last year

[15:21] {dino} glad thats not so common any more

[15:23] {dino} v sm l neu .92

[15:24] {patience} that is one extreme trading environment since joining up with vad, the other time was 2004 and 2005 when extreme momo plays....i miss those

[15:28] {dino} mv

[15:29] {dino} 2000 was tough too

[15:29] {dino} mv straight up

[15:29] {dino} merger

[15:30] {Threei} MV FIS receives antitrust approval for acquisitions

[15:32] {Threei} HGSI UBS believes company is an acquisition target, raises price target to $25 from $18 (17.86, +0.40, 2.29%)

[15:35] {dino} every week someone says that

[15:36] {dino} ggc

[15:36] {Threei} GGC S&P raises rating to B from D (29.07, +1.95, 7.19%)

[15:38] {Threei} pulled ese on FORD

[15:38] {dino} out neu .32, +.40

[15:38] {Threei} took 5K under .30, offered .39

[15:38] {dino} taking some amed overnight, v sm

[15:39] {dino} unless it hits 35 before close

[15:39] {dino} then sell

[15:39] {Threei} it may...

[15:40] {Threei} strong close

[15:49] {Threei} 10 minutes later it's 50 cents higher

[15:50] {Threei} 10 minutes left, and 50 more cents left

[15:50] {Threei} I'd say, your chances look good dino

[15:50] {dino} out lrn .97, +.17

[15:50] {dino} yea, would like to dump out soon, in from .60

[15:53] {dino} stop to .39

[15:53] {dino} opps out +.79

[15:54] {Threei} tomorrow is last day to endure

[15:54] {Threei} then things should start picking up finally

[15:54] {dino} hope so

[15:54] {dino} ok, gotta hop, sons' baseball in hour

[15:55] {dino} thx all, good day for me

[15:55] {Threei} whole lot of nithing here

[15:55] {Threei} okay guys, thank you all, have a good evening

[15:55] {Threei} see you tomorrow

Sep 02 2009

Very narrow and mostly boring day. Small stop, small win, small stop, small win... One of those transitional days, not here nor there.

Session Time: Wed Sep 02 00:00:00 2009

[07:41] {nemo} morning mags

[07:41] {magoo} morning

[07:42] {magoo} hey cap'n

[07:42] {nemo} first chill of autumn in the air up here...time to put stands out

[07:43] {nemo} aig still not available to short

[07:43] {magoo} u live maine right?

[07:44] {nemo} no mass, was up in Maine for a few days

[07:45] {nemo} saw a buck herd out behind our local post office last week

[07:51] {magoo} nice..i luv this time of year, live n.e.pa

[07:51] {nemo} yeah, fall is my favorite

[07:52] {magoo} take a look VG, news last nite

[07:52] {nemo} Itunes?

[07:53] {magoo} something with aapl

[07:53] {nemo} Yeah, Itunes Application store

[07:53] {Threei} Vonage Holdings Inc. Mobile application approved for iTunes app store

[07:53] {Threei} - The company has announced that Apple approved its mobile application for iPhone and iPod Touch.

[07:53] {Threei} - Vonage is currently conducting a beta test and general availability will be announced at a later date.

[07:53] {Threei} - Reminder: The stock traded higher last week on a report it was preparing an app for the iPhone.

[07:53] {Threei} good morning

[07:54] {nemo} morning

[07:54] {magoo} hey, there he is..morning?

[07:54] {magoo} BP announce giant oil discovery ion gulf mehico

[07:55] {Threei} giant as in oil can go to 20 now?

[07:56] {Threei} HOLX is funny

[07:56] {Threei} jumped to 19 yesterday after hours on news

[07:56] {Threei} and trades all the way back down in the morning

[07:57] {magoo} working theory for today vad..just want your gut feel

[07:57] {Threei} none yet

[07:57] {Threei} not enough input

[07:58] {magoo} well...that was a big volume sell off

[07:58] {Threei} selling of last days is inconclusive yet

[07:58] {Threei} look at daily for Dow on NASDAQ over lasy months

[07:59] {Threei} there is nothing happend yet that wouldn't happen a few times

[07:59] {Threei} and each time market resumed upward

[08:00] {Threei} as much as market looks ripe for serious correction if not large selloff... we don't have enough confirmation yet that this is indeed the case

[08:00] {Threei} selling on good numbers is a good indication

[08:00] {Threei} just not enough yet.... kind of balanced out by the fact that everyone predicts reversal

[08:01] {Threei} so... I am on the fence as of right now

[08:03] {nemo} electric fence?

[08:03] {nemo} barbed wire?

[08:03] {Threei} VION Announces results of the Oncologic Drugs Advisory Committee (ODAC) (2.60, 0.00, 0.00%)

[08:04] {Threei} VION Oncologic Drugs Advisory Committee voted 13-0 in favor of completion of a randomized study prior to approval (2.60, 0.00, 0.00%)

[08:04] {nemo} Interesting, was watching a video from head of research at Trim Tabs...corporate/insider stock selling versus buying is at a ratio of 30:1 which is as high as they see it

[08:11] {magoo} LVS vad..news?

[08:12] {Threei} no, not since Aug 30

[08:12] {Threei} LVS Has hired Barclays and Goldman Sachs to work on $2.5B Hong Kong IPO - South China Morning Post

[08:12] {Threei} wasn't much reaction back then

[08:14] {Threei} ADP AUG EMPLOYMENT CHANGE: -298K V -250KE

[08:15] {nemo} whoa

[08:15] {Threei} Prior revised from -371K to -360K

[08:15] {Threei} time for president to stop vaction maybe?

[08:15] {Threei} vacation

[08:16] {nemo} what, so he can go back to washington and nationalize another industry?

[08:16] {Threei} for starters

[08:16] {Threei} then tell us how green shoots are greening and shooting,

[08:17] {Threei} then suggest second stimulus package

[08:17] {nemo} yeah, just didn't tell you they were poison ivy

[08:18] {Threei} Preview: Q2 Final Nonfarm Productivity and Unit Labor Costs due at 8:30am

[08:18] {Threei} Consensus expectations:

[08:18] {Threei} - Nonfarm Productivity: 6.4% vs 6.4% prior.

[08:18] {Threei} - Unit Labor Costs: -5.8% v -5.8% prior.

[08:18] {Threei} something on LVS

[08:19] {Threei} Las Vegas Sands Corp Enters into Venetian Venture Development with Goldman Sachs (Asia) L.L.C. (the Placement Agent) in connection with the proposed issuance of up to US$600,000,000

[08:30] {Threei} Q2 FINAL NONFARM PRODUCTIVITY: 6.6% V 6.4%E; UNIT LABOR COSTS: -5.9% V -5.8%E

[08:55] {Threei} LVS Shares raised to Buy from Hold at Argus, price target $18 (52.45, 0.00, 0.00%)

[08:55] {Threei} CFTC's Gensler: there are currently significant gaps in regulation, some overlap may be beneficial, but harmonizing CFTC and SEC regs will be challenging

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[09:01] {dino} bp giant oil discovery in gulf

[09:02] {nemo} [07:55] {magoo} BP announce giant oil discovery ion gulf mehico

[09:02] {nemo} [07:55] {&Threei} giant as in oil can go to 20 now?

[09:02] {nemo} mags beat you to it Dino

[09:03] {dino} indeed

[09:03] {dino} better not tho, i'm for nat. gas

[09:06] {brian3579} gm

[09:06] {nemo} hello

[09:06] {Threei} brian :)

[09:06] {larisa} good morning

[09:07] {Threei} larisa :)

[09:07] {larisa} :)

[09:10] {fernp} good morning everybody

[09:10] {Threei} fern :)

[09:16] {nemo} faz Vad?

[09:16] {Threei} ?

[09:18] {ese} morning

[09:18] {Threei} ese :)

[09:18] {ese} morning vad

[09:19] {Threei} we are in for another election

[09:19] {ese} yup...looks that way

[09:19] {ese} spending more tax payers money

[09:20] {ese} wouldn

[09:20] {ese} wouldn't happen in Denmark

[09:21] {Threei} ah, there is something else is rotten over there

[09:22] {Threei} SVA

[09:22] {Threei} 10 break maybe

[09:22] {Threei} jumpy at the open...

[09:24] {bluejet} GM

[09:24] {Threei} bluejet :)

[09:25] {Threei} nice offer by EDFX

[09:25] {Threei} if takern, has a good chance

[09:26] {Threei} SVA Announces Supply Agreement with Boryung Pharmaceutical Company Limited in South Korea for H1N1 vaccine

[09:26] {Threei} - (10.46, 0.00, 0.00%)

[09:27] {dino} need coffee

[09:32] {brian3579} .

[09:33] {Threei} AXL Hearing analysts at Buckingham making positive comments in the name (timing uncertain) (5.64, +0.08, 1.44%)

[09:36] {Threei} Long Setup: AXL .40 break

[09:36] {Threei} stop under .30

[09:37] {ese} watching nvda

[09:39] {Threei} no worky AXL

[09:39] {fernp} yeah

[09:41] {magoo} f bouncer vad?

[09:41] {Threei} can't tell

[09:42] {ese} l nvda .22

[09:42] {nemo} nice ese

[09:43] {ese} out nvda .27 +.05

[09:44] {ese} tks nemo.....old form there

[09:45] {nemo} axl showing potential for rudeness

[09:45] {Threei} Long Setup: SVA 9 break

[09:45] {Threei} stop under .85

[09:47] {nemo} teleport

[09:47] {Threei} 1:1

[09:47] {fernp} ty vad

[09:47] {Threei} :)

[09:49] {dino} jerky market

[09:50] {Threei} rude AXL, rude

[09:50] {nemo} axl was rude

[09:52] {Threei} AIG tru to the form

[09:53] {dino} cisg sm l .73

[09:54] {dino} intc l .80

[09:57] {Threei} watching RIMM for sharp dive into 74 - 74.10 area for entry

[09:58] {Threei} get ready

[09:58] {Threei} in

[09:59] {Threei} .95 stop

[09:59] {magoo} in

[09:59] {Threei} *JULY FACTORY ORDERS: 1.3% V 2.2%E

[09:59] {Threei} - prior revised from 0.4% to

[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )

[10:00] {Threei} crap

[10:00] {dino} fast drop

[10:00] {Threei} numbers

[10:00] {nemo} whoa

[10:01] {Threei} held quite well RIMM

[10:01] {nemo} only .02 below stop

[10:02] {Threei} on a fast bar

[10:02] {Threei} and immediate up

[10:02] {nemo} yeah, excellent strength

[10:02] {nemo} qs bounce back too

[10:03] {nemo} oil up next

[10:03] {Threei} kind of discretionary decision

[10:03] {nemo} what, rimm?

[10:03] {Threei} we have any other position?

[10:04] {nemo} I have enough problem with fog

[10:04] {Threei} OK, no morfe discretion

[10:04] {Threei} stopped

[10:04] {fernp} yup

[10:05] {nemo} that was rude of rimm

[10:06] {Threei} WFC green

[10:07] {fernp} HIG strong too

[10:07] {Threei} I guess traders realized it's not going under

[10:07] {nemo} very rude rimm

[10:07] {fernp} in HIG stop under .20

[10:08] {magoo} q server vad?

[10:08] {Threei} 6

[10:08] {magoo} ty

[10:08] {ese} the market!!!!!! is it UP....or is it down!!!!!

[10:08] {Threei} good question ese

[10:09] {nemo} as Dino said, jerky

[10:09] {Threei} I start thinking I shouldn't have turned down subscription for tomorrow's WSJ...

[10:09] {Threei} if I am hard pressed to make a prediction for today:

[10:10] {Threei} green, and nicely green

[10:10] {Threei} nice HIG

[10:10] {brian3579} fern what was your entry in hig?

[10:11] {Threei} my guess is .40 break

[10:11] {fernp} .41

[10:11] {Threei} :)

[10:11] {fernp} exit .67

[10:11] {brian3579} ty

[10:11] {brian3579} nice

[10:12] {fernp} ty

[10:12] {Threei} RIMM... you just had to do that, didn't you

[10:13] {nemo} first axl, now rimm, and of course SVA is following

[10:14] {Threei} SVA wasn't rude

[10:14] {Threei} SVA worked

[10:14] {Threei} not as spectacular as it's capable of

[10:15] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:15] {Threei} **consensus expectations:

[10:15] {Threei} Crude: -1Me

[10:15] {Threei} Gasoline: -1Me

[10:15] {Threei} Distillate: +1Me

[10:16] {Threei} FDIC's Bair: bank failures will continue into 2010

[10:16] {Threei} oh good

[10:16] {ese} L ACAD .21

[10:16] {Threei} sees more failures in 2009 than in 2010 - radio interview

[10:17] {ese} higher low principal

[10:17] {nemo} Kinda' makes sense...when you lose enough of a sample size, there are already less to die next year

[10:18] {nemo} sva Vad, don't look

[10:19] {Threei} wasn't going to

[10:19] {Threei} more interested in WFC/HIG

[10:19] {Threei} argh

[10:20] {Threei} HIG was establishing .30 - .40

[10:20] {Threei} then just teleported

[10:21] {ese} dino....acad is kinda your specialty......really dumped yesterday....what are chances of follow through 2nd day

[10:21] {ese} my 15min chart is lookin good for higher follow through

[10:22] {ese} just looking for your opinion

[10:22] {dino} drug fails, don't like it

[10:23] {ese} tks......

[10:23] {ese} will not hang around long then

[10:23] {dino} gl

[10:23] {ese} give me a few cents and i;m outa there

[10:24] {Threei} WFC could be today's surprise

[10:24] {Threei} let's try to catch pullback on it

[10:24] {Threei} under .60 would be nice

[10:26] {Threei} first strength from here

[10:26] {Threei} wioth stop under .50

[10:27] {Threei} BAC Reportedly TALF deal has been increased in size (16.24, -0.21, -1.28%)

[10:27] {Threei} in

[10:27] {Threei} .55

[10:27] {fernp} .56 here

[10:28] {Threei} don't even think about it WFC

[10:28] {Threei} sigh

[10:28] {dino} cisg out .77, +.04

[10:29] {Threei} oil numbers in a few sec

[10:30] {Threei} DOE CRUDE: -372K V-1ME

[10:30] {ese} interesting action on acad dino....market heading down and it's holding up ok......am ready to dump instantly though

[10:30] {Threei} GASOLINE: -2.97M V -1ME

[10:30] {Threei} DISTILLATE: +85 V+1ME

[10:31] {Threei} 15 pooints range

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 350M shares, about 35% above its three-month average; decliners lead advancers by 1.8:1.

[10:31] {Threei} - NASDAQ volume 525M shares, about 3% below its three-month average; decliners lead advancers by 1.2:1.

[10:32] {Threei} .35 long WFC

[10:33] {Threei} if holding .30

[10:34] {dino} fele\

[10:35] {Threei} GERN Hearing takeover chatter circulating

[10:35] {Threei} - Novartis rumored as potential acquirer (7.00, +0.18, 2.64%) (related NVS )

[10:35] {ese} out acad .19 -.02

[10:37] {dino} fele sm l .25

[10:38] {dino} things' messed up

[10:39] {Threei} you don't say

[10:39] {ese} gutsy entry dino

[10:39] {Threei} starting from 1913

[10:41] {ese} l nvda .20

[10:43] {Threei} WFC 1:2, out

[10:43] {Threei} playing catchup today

[10:43] {magoo} out .47 TY vad

[10:43] {Threei} stop, comeback, stop, comeback

[10:44] {nemo} do-over

[10:44] {Threei} noticed the pattern?

[10:44] {Threei} happened about two-three times this year,

[10:45] {Threei} when the market undergoes some serious change, we have about 3-5 days of lacklustre performance,

[10:45] {Threei} then adapat

[10:45] {Threei} or adapt

[10:45] {nemo} yes

[10:45] {dino} or die

[10:45] {nemo} great performance the last couple of weeks but the markets were showing momentum shifts

[10:46] {dino} below average for me

[10:47] {larisa} is DRYS waking up ? :)

[10:47] {Threei} no news that I see

[10:58] {Threei} RIMM...

[10:58] {magoo} yea?

[10:58] {Threei} lol

[10:58] {Threei} well

[10:58] {Threei} classic setup is .40 break

[10:58] {Threei} requires market breakout

[10:58] {Threei} and new highs

[10:59] {Threei} which I strongly suspect is what is going to happen

[10:59] {Threei} just not sure whether it's now or after couple more chakeouts

[10:59] {Threei} look at AXL

[11:01] {Threei} maybe better try aggressive entry on RIMM

[11:01] {Threei} .25

[11:01] {magoo} read my mind

[11:01] {Threei} stop under .15

[11:02] {magoo} .26

[11:02] {nemo} teleport

[11:06] {Threei} sigh

[11:06] {Threei} annoying

[11:06] {fernp} weird dayv

[11:06] {Threei} very'

[11:06] {Threei} narrow range

[11:08] {magoo} .

[11:09] {Threei} MX) Mexico Pres Calderon: Must extend health care to all citizens; aiming for major reforms

[11:09] {Threei} what is it, healthcare =reform time all around the globe?

06[11:10] * magoo slaps laserdave around a bit with a large trout

06[11:11] * Threei slaps laserdave around a bit with a large question mark on quotes

[11:11] {magoo} system wide vad

[11:11] {laserdave} careful with laser guys

[11:12] {laserdave} having an issue they are working on

[11:12] {laserdave} we are back on now

[11:12] {laserdave} they are doing updates to fix things later tonight

[11:15] {Threei} CFTC's Gensler: Committed to bring entire OTC derivatives market under regulation with the SEC (related USO UNG )

[11:15] {ese} think i may dable in ACAD again.....i'm likin the narrow .05 consolidation range a la vads book

[11:25] {fernp} .

[11:26] {ese} L acad .21

[11:32] {dino} syno bloody

[11:35] {Threei} out of all shakeouts today AXL irritates me the most

[11:35] {Threei} that was my "bigger move ticket"

[11:35] {Threei} and it does just that

[11:35] {Threei} after getting rid of us of course

[11:35] {ese} out acad .27 +.06

[11:36] {ese} out nvda .31

[11:36] {ese} +.10

[11:43] {ese} like scraping for gold in granite with a salad knife today

[11:44] {dino} agree

[11:47] {dino} mdco spiking

[11:48] {ese} nice steady move with that stock

[11:48] {Threei} salad knife would be fine... with one's teeth is more like it

[11:49] {ese} indeed

[11:52] {Threei} wow... life has migrated to some other pl\anet

[11:53] {dino} syno gap fill from may

[11:54] {ese} theres always a comic in the crowd

[11:54] {nemo} why you say that ese?

[11:55] {ese} alright i'll liven things up.....just bought 100000 shs of drys at .80

[11:55] {ese} just kidding............

[11:56] {nemo} 100k?

06[11:56] * larisa slaps ese around a bit with a large trout

[11:57] {ese} I am gonna go long on it though at some time........have been watching it for a while....5.60 seems to be a botom for it

[12:02] {Threei} Fed's Lockhart: US economy is recovering but the pickup in pace will not be that strong; consumer spending remains cautious, too early to declare victory

[12:02] {Threei} let me get this straight

[12:02] {Threei} they are discussing the TIMING of victory announcement?

[12:03] {Threei} just go to a aircarrier and say Mission accomplished

[12:04] {ese} well indeed yes......we as traders need the exact date and in particular the hour of that date.........i would expec t nothing less

[12:05] {dino} and i prefer not to know

[12:05] {nemo} Interesting...just got an email...do I want to know the day of Jesus' return?

[12:06] {nemo} I'll settle for a couple of stock picks

[12:06] {dino} i just want the multiple daily announcements to stop

[12:06] {ese} how does one expect to function ounder these conditions anyhow...(say that with slight british accent)

[12:06] {nemo} Was that quote server 6 Vad?

[12:06] {dino} the govt treats these things like twitter

[12:06] {nemo} Dino, at least you know who isn't on TV

[12:07] {dino} thankful for that

[12:07] {nemo} mags...eyes right

[12:07] {ese} in the red, in the green, in the red, in the green, in the red , in the green ....and now back in the red....sheesh.....how does one expect to function under these conditions

[12:08] {ese} Vad DO something about this will you!!!!

[12:08] {nemo} use stochastics?

[12:08] {nemo} I think ese is becoming unhinged (in British accent)

[12:09] {dino} joyg drop

[12:09] {ese} big drop

[12:13] {nemo} FOMC meeting today

[12:17] {nemo} gold up almost $20

[12:21] {ese} L nvda .20

[12:23] {ese} Out nvda .26 +.06

[12:24] {nemo} wow alot o support for nvda between .21-.23

[12:25] {ese} yes.... i think so

[12:26] {fernp} WU if breaks .70 could give us a 5 cents scalp

[12:28] {nemo} volume actually reasonable considering how dormant the market

[12:30] {magoo} AIG big player again

[12:30] {magoo} not in now

[12:30] {magoo} RISKY

[12:38] {Threei} hmm

[12:38] {Threei} pace pickup

[12:42] {Threei} .50 break

[12:42] {Threei} risky as drinking magoo's beer

[12:43] {fernp} stop ?

[12:43] {Threei} under .30

[12:43] {nemo} tht's a visual

[12:43] {magoo} u do not wanna do that

[12:43] {nemo} amzn might be bottoming

[12:44] {ese} l nvda .27

[12:46] {fernp} .46 in .66 out TY Vad

[12:46] {Threei} half out

[12:46] {Threei} .73

[12:47] {Threei} gnawing our way back fern :)

[12:48] {fernp} :)

[12:48] {Threei} we always do...

[12:49] {Threei} long gone are times when one unsuccessful day could cause frustration

[12:49] {Threei} natureal part of the game

[12:49] {fernp} frusta... what? :)

[12:49] {magoo} wait 40.34

[12:50] {magoo} i trhink 42 today...

[12:51] {fernp} and out WU my +.05 are here

[12:52] {fernp} [18:26] {fernp} WU if breaks .70 could give us a 5 cents scalp

[12:53] {Threei} :)

[12:53] {magoo} mkt ruined it

[12:58] {ese} had my finger on the sell trigger for nvda but it didn't move down with the qqqq's

[12:58] {ese} sign of some strength

[13:01] {ese} 15 min chart looks good...buting up agains .30

[13:02] {Threei} 68% Say Passage of Health Care Reform Will Increase Deficit

[13:02] {Threei} duh

[13:02] {Threei} Remaining 32% struggle to count fingers on two hands

[13:03] {nemo} maybe they don't know what deficit means?

[13:03] {ese} good one.....that was funny

[13:06] {fernp} have to go. see u all tomorrow. good evening everybody

[13:06] {Threei} take care fern

[13:15] {dino} sepr

[13:15] {dino} wow

[13:15] {Threei} Fed's Lockhart: Economy will still be recovering 12 months from now with unemployment 'still high'

[13:15] {Threei} - says the Fed should consider "leaning" on future asset bubbles; sees long term oil price trend around $70 level;

[13:16] {Threei} SEPR Ticking higher, hearing takeover chatter circulating (19.70, +1.67, 9.26%)

[13:16] {Threei} Dainippon Simitom seeking to purchase the comapny - nikkei news

[13:17] {Threei} be back in 20

[13:17] {nemo} o.k., what now?

[13:21] {ese} well............we wait

[13:21] {ese} nvda taking it's sweet time pushing on up there

[13:22] {ese} i'm liking the bull triangle/flag on the 15 min chart......should go higher from here

[13:22] {ese} still in at .27

[13:23] {nemo} it's toyed with the .30 area 4 times

[13:24] {ese} ya......one of thes days.......one of these days.......pow ....right in the kisser

[13:25] {ese} what show was that from......Archie Bunker?

[13:25] {magoo} honeymooners

[13:25] {ese} ahhhhhh yes

[13:25] {nemo} "right to the moon"

[13:25] {ese} Ralphy

[13:30] {patience} .

[13:31] {nemo} ?

[13:33] {ese} auch du miya!!! nvda ......vat is de prablum.......geet un oop dere

[13:33] {nemo} qs ese

[13:37] {dino} 28 sepr rumor

[13:38] {dino} don't trust it

[13:53] {Threei} SEPR new high

[13:56] {dino} yahoo news on possible takeover

[13:57] {dino} 250b yen

[14:05] {Threei} *MINUTES OF THE AUG 12 FOMC MEETING: DISCUSSED TRIMMING MBS and AGENCY PURCHASES PROGRAM; saw sizable risk of credit losses ahead

[14:05] {Threei} - Some members saw substantial risk of disinflation; economy vulnerable to shocks

[14:05] {Threei} - participants again discussed the merits of including agency MBS backed by adjustable-rate mortgages (ARMs) in the Committee's MBS purchase program: Some thought it would be useful to include agency ARM MBS, noting that doing so could reduce the unusually large spreads between ARM rates and yields on similar-duration Treasury securities--spreads that were far larger than the comparable spreads on fixed-rate mortgages; others saw little potential benefit, given the small stock and limited issuance of ARM MBS, and were hesitant to involve the Federal Reserve in another market segment.

[14:06] {Threei} - Saw contraction in disutryial production as slowing in Q2

[14:06] {Threei} - Overall economic activity 'stabilizing'

[14:06] {Threei} - several participants noted that banks still faced a sizable risk of additional credit losses and that many small and medium-sized banks were vulnerable to deteriorating performance of commercial real estate loans.

[14:06] {Threei} Participants again observed that obtaining or renewing financing for commercial real estate properties and projects was extremely difficult amid worsening fundamentals in that sector, though some noted anecdotal evidence that the addition of highly rated commercial MBS to the list of securities that can be pledged as collateral for TALF loans had contributed to an improvement in liquidity in that market.

[14:09] {ese} yaaaaaaaawwwn.............smifgavortahhheemm..........

[14:09] {nemo} somebody tuck ese in

[14:10] {ese} was dreaming that i was scalp trading.........wait........i am yaaaaawwwwwn

[14:11] {Threei} if scalping makes one yawn, I am scared even to think what makes one jump

[14:12] {ese} beige.....i think i'll paint the walls beige..........oh hey vad

[14:13] {ese} it's the miles of boredom interspersed with seconds of terror.......

[14:14] {Threei} lol

[14:14] {Threei} imagery you produce...

[14:18] {magoo} sepr halted

[14:18] {Threei} yup

[14:36] {Threei} AIG...

[14:36] {Threei} mags

[14:37] {Threei} getting this feeling?

[14:37] {magoo} yup..but exhausting watching it

[14:37] {Threei} let's comopare feelings

[14:37] {Threei} 41?

[14:37] {magoo} i think near 42 today..but thats not a trade call

[14:38] {magoo} near=41.89

[14:38] {larisa} lol

[14:38] {magoo} ive been reading it well today

[14:38] {magoo} up big on it

06[14:38] * Threei puts AIG for sale at 41.88

[14:38] {magoo} .97 here lol

[14:38] {magoo} um./87

[14:41] {Threei} ok, pullback becomes tempting

[14:41] {Threei} is it} mags?

[14:41] {Threei} you read it well today

[14:42] {magoo} id like it deeper

[14:42] {magoo} and needs some mkt help

[14:43] {magoo} a twitch of luk

[14:44] {magoo} and ballz of steel

[14:44] {Threei} lol

[14:44] {nemo} or ice in veins

[14:45] {nemo} my LII keeps screwing up today

[14:49] {dino} gotta hop early. thx all

[14:50] {larisa} bye dino :)

[14:59] {Threei} AIG doesn't feel right

[15:00] {magoo} agree

[15:03] {magoo} brb

[15:07] {magoo} back

[15:10] {magoo} u know..i make some $$ on it..but that stock sux

[15:10] {Threei} just runs out of gas

[15:11] {ese} come on nvda..........FOR CRYING OUT.....i mean........ahem.......

[15:17] {Threei} jeez

[15:20] {nemo} is laser freezing up on you at all mags, vad?

[15:20] {magoo} not at moment...but dave addressed they are having issues and working on ity

[15:21] {nemo} saw that, just wondering what the "issues" were?

[15:21] {Threei} it did in the morning

[15:22] {Threei} who cares as long as they get resolved

[15:22] {nemo} mine is doing it now

[15:22] {magoo} change q server

[15:22] {nemo} I've been doing that, which one?

[15:23] {Threei} doesn't matter

[15:23] {larisa} I was swithing randomly, does it really matter ?

[15:23] {Threei} just switch

[15:23] {larisa} lol

[15:25] {magoo} 4

[15:25] {magoo} it matters :)

[15:25] {Threei} yeah? 8 here, and runs fine :)

[15:32] {ese} out nvda .27 .00 nothin....absolutely nothin.......why i otta...

[15:33] {ese} see you all tomorow........that was a wait and a half for nuttin

[15:33] {Threei} take care ese

[15:33] {ese} see ya vad.......it was a good day none the less...profitable

[15:43] {Threei} no interesting earnings after hours

[15:46] {magoo} futes rotting

[15:48] {magoo} financials falling

[15:48] {Threei} you are such a party pooper

[15:48] {magoo} bummed, sdidnt find a trade last 2 hrs

[15:49] {Threei} hey.. 99% of population doesn't make a trade in whole life

[15:49] {larisa} lol

[15:49] {magoo} oh come on

06[15:50] * Threei slaps laserdave around a bit with a large dorsal fin of a marinated herring

[15:54] {Threei} WFC to Resume Accepting California IOUs on September 4, 2009

[15:54] {Threei} cosmo can continue his vacation now

[15:57] {Threei} 15 points range day

[15:57] {Threei} any wonder that we couldn't find much

[15:57] {Threei} most action was in gold

[15:57] {Threei} and I really hate trading that

[15:58] {nemo} resource stocks too fcx, tck

[16:00] {magoo} tjhanx vad..everyone

[16:00] {larisa} later :)

[16:00] {Threei} (US) Treasury Sec Geithner: Officials need to ensure self-sustaining recovery

[16:00] {Threei} thank you all

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

[16:00] {magoo} laser message

[16:01] {magoo} system shutdwn 4:30

[16:01] {magoo} deal with issues

[16:01] {Threei} I say deal with them

[16:01] {Threei} issues must be dealt with

[16:01] {magoo} excuse for me to get home early

[16:01] {magoo} i stay till 6 pm most nites\

Sep 01 2009

The day started with beuatiful pullback entry at 11 on SVA for a lightening fast 40 something cents play; then RIMM yieleded a few long plays, AIG and SVA provided nice bounces. Two small stops were throuwn in for a good measure. All in all, September started out great.

Session Time: Tue Sep 01 00:00:00 2009

[07:47] {magoo} morning

[08:02] {magoo} aIG caught a down grade this morn to underperform

[08:21] {magoo} wait untill larisa sees SVA

[08:21] {magoo} made over 11

[08:28] {magoo} nvax

[08:29] {magoo} ACAD WOW

[08:36] {Threei} Good morning

[08:36] {magoo} morn vad

[08:36] {nemo} morning

[08:36] {Threei} happily out SVA 10.70

[08:36] {Threei} those 300 shares that no one wanted yesterday at 10

[08:37] {Threei} not biggie but starting day with +300...

[08:39] {Threei} some unhappy holders in ACAD...

[08:40] {Threei} NVAX... this is indecent

[08:40] {Threei} Novavax Inc. Announces Positive Results for the Second Phase II Clinical Trial of its Trivalent Seasonal Influenza Virus-like Particle (VLP) Vaccine Candidate

[08:40] {Threei} - The vaccine was well tolerated and induced robust immune responses against all three influenza strains in the vaccine. These results continue to support the planned study in elderly adults scheduled for the fourth quarter this year and pave the way for Novavax to advance its seasonal influenza VLP vaccine into Phase III studies next

[08:40] {Threei} - No vaccine-related serious adverse events were reported in the study and the rate of non-serious adverse events was comparable in the vaccine and placebo groups.

[08:57] {Threei} Reportedly, G-20 Finance ministers likely to leave timing and scale of exit strategies up to individual countries - unconfrimed

[08:57] {Threei} wow

[08:57] {Threei} how nice of them

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:59] {dino} :)

[08:59] {magoo} NVAX making a movbe here

[08:59] {nemo} dino :)

[08:59] {Threei} (CH) China confirms to raise fuel prices tomorrow by CNY300/ton- State TV

[08:59] {fernp} good morning everybody

[08:59] {Threei} fern :)

[09:00] {dino} cmed, rmbs, hcn, bvf

[09:04] {magoo} important numbers at 10 am,

[09:05] {Threei} 10:00am Aug ISM Manufacturing (last 48.9), Aug ISM Prices Paid (last 55), July Construction Spending m/m (last 0.3%), July Pending Home Sales (last m/m 3.6%, y/y 9.2%)

[09:05] {Threei} NVAX...

[09:05] {Threei} picks up the pace

[09:06] {magoo} keep missing entry

[09:07] {magoo} hey larisa...look who hit 11 lol

[09:07] {brian3579} gm all

06[09:07] * magoo slaps brian3579 around a bit with a large trout

[09:07] {larisa} gm :)

[09:07] {Threei} brian, larisa :)

[09:18] {Threei} NVAX relentless

[09:23] {magoo} stalking it

[09:24] {magoo} look at all the missed opportunity short in AIG

[09:25] {magoo} and if it revisits teens..uhhh

[09:26] {Threei} why missed... if it's not available, it's just out of realm of opportunities

[09:28] {Threei} SVA now

[09:28] {Threei} they take turns

[09:29] {Threei} if we are lucky we will get nice pullback in both

[09:30] {Threei} Long Setup: SVA 11 break

[09:30] {Threei} stop under .85

[09:31] {Threei} lol... hit 1:1 while I was typing stop

[09:31] {nemo} quote server Vad

[09:31] {Threei} ok, gave second chance entry

[09:31] {Threei} feel free to scalp or partial

[09:31] {Threei} 10

[09:31] {Threei} out in full

[09:31] {Threei} +.45

[09:32] {Threei} sheesh

[09:32] {nemo} nvax break .60?

[09:32] {magoo} moissed it ..sigh

[09:33] {Threei} it returnd to 11 twice after the call

[09:33] {Threei} wake up mags

[09:33] {magoo} in light speed yes

[09:35] {Threei} NVAX pullback time

[09:35] {dino} rmbs l .35

[09:36] {ese} good morning.....and just saw that....nvax

[09:36] {Threei} ese :)

[09:36] {Threei} VICL continues too but this one I am hesitant to chase at all

[09:37] {Threei} typical pullback stock

[09:37] {Threei} OK NVAX

[09:37] {Threei} a bit more pls

[09:37] {Threei} want to find entry under .40

[09:37] {ese} vicl....to thin for my liking

[09:39] {dino} rmbs stop to .47

[09:42] {dino} stopped .49, +.14

[09:45] {Threei} EBAY Signs Definitive Agreement to Sell Skype in Deal Valuing Communications Business at $2.75 Billion (22.67, +0.53, 2.39%)

[09:45] {nemo} ISM number must be good

[09:46] {Threei} wow EBAY

[09:46] {ese} wow i'll say

[09:47] {ese} would love to get in ....but where?

[09:47] {Threei} SVA pullbacks become cruel

[09:48] {nemo} Vad if ISM and construction good what stocks do you think in play?

[09:48] {Threei} it's encopassing number

[09:49] {Threei} whole market will react

[09:49] {nemo} so sso, or qld?

[09:49] {nemo} sds qid

[09:49] {Threei} I don't usually play off numbers

[09:50] {Threei} unless they are extraordinary

[09:50] {Threei} Euro vs US Dollar Dealer chatter that US ISM will register a 'better' than consensus reading of 50.5 in Aug

[09:50] {Threei} - Chatter of a reading over 53 with 50.5 consensus expectation (last move over 50 level was back in Jan 2008)

[09:50] {Threei} ANDS Ticks higher on chatter it could report positive results from a phase II Hepatitis C trial in the near future (2.56, +0.25, 10.82%)

[09:52] {Threei} okay NVA

[09:52] {Threei} time to start hunting

[09:52] {Threei} NVAX

[09:53] {Threei} jumpy..

[09:53] {fernp} FITB 11 break is interesting too

[09:54] {Threei} sure is

[09:54] {dino} rmbs l .20, stop .99

[09:55] {ese} l ebay .78

[09:56] {Threei} hopefully, it stays under 11 before numbers, fern

[09:56] {Threei} and breaks aftter they come

[09:56] {nemo} cat?

[09:56] {Threei} CAT is totally numbers dependent

[09:57] {fernp} i have some shares from .85 but I am waiting numbers to add

[09:58] {Threei} wow... fern - patient?

[09:58] {Threei} that's new

[09:58] {fernp} lol. FITB is slow no problem...

[09:59] {Threei} NVAX, next bounce should be from under 7.10

[09:59] {Threei} they happen too fast for a call

[09:59] {nemo} good ism-might pull money away from nvax?

[10:00] {Threei} *AUG ISM MANUFACTURING: 52.9 V 50.5E; PRICES PAID: 65 V 57.8E

[10:00] {Threei} JULY CONSTRUCTION SPENDING M/M: -0.2% V 0.0%E

[10:01] {Threei} NVAX perfectly touched 7.08 and bounced

[10:01] {dino} igk l .70

[10:02] {Threei} that was best I could do to alert

[10:02] {Threei} you saw how it spent exactly 3 milliseconds there

[10:02] {nemo} sorry, my second hand is only whole numbers...didn't move

[10:03] {Threei} CAT follows futures tick by tick

[10:03] {nemo} interesting...neither rimm cat or fcx reacting much

[10:03] {Threei} huh?

[10:04] {Threei} CAT jumped 50 cents in one gasp

[10:04] {nemo} cat popped but coming back

[10:04] {Threei} so does marketr

[10:04] {Threei} and CAT simply follows it

[10:04] {Threei} FITB no enthusiasm

[10:05] {fernp} nope

[10:05] {Threei} RIMM... want it long but want to catch pullback

[10:06] {Threei} if dives under .40, grab it

[10:06] {ese} fitb always like that....no enthusiasm

[10:06] {Threei} here it is

[10:06] {Threei} stop under .30

[10:07] {Threei} FRE Have seen US home prices rise 1.7% in Q2 v Q1 2009 (7.89, -0.04, -0.51%)

[10:07] {Threei} half out RIMM

[10:07] {fernp} out RIMM ty Vad

[10:07] {Threei} or that, lol

[10:08] {Threei} beauty of pullback entry... could you dream of playing RIMM with 10 cents stop?

[10:08] {Threei} out 1/4 more

[10:08] {Threei} .69

[10:09] {Threei} +.30

[10:09] {Threei} SPIR Hearing chatter may receive sizeable solar order from US Govt (4.36, +0.47, 12.08%)

[10:09] {dino} out rmbs .32 +.12

[10:10] {magoo} ty rimm vad

[10:10] {magoo} .67 exit

[10:10] {Threei} out RIMM in full

[10:10] {Threei} +.50

[10:11] {Threei} what no one else got it??

[10:12] {Threei} that was the easiest play yet for today

[10:15] {Threei} ISM's Ore: Surpised by recent intensity of gain in new orders - conf comments

[10:15] {dino} rmbs l .08

[10:16] {fernp} WFC, HIG or BAC?

[10:17] {Threei} hmmm

[10:17] {dino} rmbs stop is .98

[10:17] {Threei} not delighted by any of them

[10:18] {fernp} ok

[10:18] {dino} stoped -.10

[10:19] {Threei} well

[10:19] {ese} ebay stopped ..59 -.19 grrrrrrrr

[10:19] {Threei} HIG 23 recross

[10:19] {Threei} of holding 22.90

[10:19] {Threei} if

[10:21] {Threei} overall, such muted reaction on the best ISM in recent history is another indication of topping action in the market

[10:21] {nemo} yeah, I was thinking that, but discounting my normal pessimistic nature

[10:22] {ese} agreed indeed

[10:22] {nemo} on the opinion of the ism ese?

[10:22] {magoo} unfortunately, i concurr

[10:24] {fernp} in HIG

[10:25] {ese} no just market action

[10:32] {dino} ogxi

[10:33] {Threei} Long Setup: RIMM .75 break half lot

[10:33] {Threei} if stays above .60

[10:34] {Threei} Preview: August US Vehicle Sales numbers expected throughout the day from major auto makers

[10:34] {Threei} **consensus estimates (unadjused):

[10:34] {Threei} - Ford: +33%e (usually released at Noon ET, but today expected at 11amET). (note estimates for Ford vary widely this month due to Cash for Clunkers; the First Call estimate is +42%e while Edmunds estimates +26.3%e)

[10:34] {Threei} - GM: -16%e (usually released around 1:45pmET).

[10:34] {Threei} - Chrysler: -5.5%e

[10:34] {Threei} - HMC: 69%e

[10:34] {Threei} - TM: 2.6%e

[10:34] {Threei} - NSANY: -14.8%e

[10:36] {magoo} in

[10:36] {Threei} RIMM 1:1

[10:36] {Threei} ESLR Hearing takeover chatter circulating (1.73, +0.04, 2.37%)

[10:37] {ese} still have 5k of that...eslr

[10:39] {magoo} out .94 TY rimm

[10:39] {Threei} sure thing

[10:40] {magoo} look AIG here vad

[10:40] {Threei} ironically, RIMM is the easiest one today

[10:40] {Threei} usually a beast

[10:41] {Threei} AIG, .50 support is clear, but trigger is not

[10:41] {Threei} and lost support now

[10:41] {Threei} no play still

[10:43] {Threei} FINRA: To raise margin requirements on leveraged ETF's

[10:43] {nemo} so 3x will become 2x

[10:46] {magoo} WFC vad..look

[10:47] {Threei} I don't see anything compelling in them

[10:47] {Threei} tere is no heat

[10:48] {Threei} look how HIG just slides and slides

[10:48] {nemo} cat short?

[10:49] {Threei} don't see any setup there

[10:49] {ese} vad...how does that work with my shares of eslr.....if the company is bought do my shares trade under the aquiring ticker or do they still trade under the ESLR ticker?

[10:50] {larisa} depends on agreement between companies

[10:50] {Threei} yeah

[10:50] {larisa} diff scenario possible

[10:50] {Threei} usually it's in the terms of buyout

[10:50] {Threei} let's say:

[10:50] {Threei} shareholders obtain xx shares of suitor for each shares of ESLR

[10:51] {Threei} then you'll have new shares

[10:51] {Threei} or in case of cash buyout

[10:51] {Threei} you'll get cash

[10:51] {Threei} at the buyout price

[10:51] {ese} right

[10:51] {ese} got it

[10:51] {Threei} and the worst scenario possible is if buyout price is lower than your average

[10:52] {Threei} no more upside

[10:52] {ese} hmmmmm....don't like that scenario

[10:56] {ese} patience dcc please.

[10:59] {dino} stec

[11:00] {Threei} I am starting warming up to shorting

[11:01] {dino} ahhh, the dark side. i like it

[11:02] {Threei} still somewhat restrained by the fact that no living creature on the planet hasn't called the reversdal

[11:04] {nemo} shouldn't that make you feel better about it?

[11:04] {dino} my gut had 10k first, then big drop

[11:04] {dino} awi l .30, stop lod

[11:10] {dino} awi stopped

[11:10] {Threei} Long Setup: SVA .50 break if stays above .35 - 40

[11:12] {Threei} invalidated

[11:18] {Threei} SQNM Lower today after yesterday's positive rumors dismissed by researchers at Brown University (5.61, -0.78, -12.21%)

[11:19] {dino} rmbs l .39, stop .24

[11:26] {dino} rmbs stopped

[11:31] {Threei} APT Increases production of N-95 Respirator Masks for Upcoming Flu/Swine Flu Season

[11:31] {Threei} - will be tripling the average output of N-95 respirator masks that it has been producing since May,... (5.19, +0.24, 4.85%) more...

[11:31] {Threei} Chrysler US Aug sales were reportedly -15% v -16%e

[11:37] {Threei} XLF Weakness in equities seem to be driven by financial sector (14.17, -0.53, -3.61%) (related WFC JPM C BAC )

[11:37] {Threei} AIG is getting a bit extreme

[11:38] {Threei} SVA bounce hunt on

[11:39] {Threei} as close to .50 as possible

[11:40] {Threei} half lot, get reaADY

[11:40] {Threei} in

[11:40] {Threei} .46

[11:40] {Threei} stop .35

[11:40] {nemo} impressive as always

[11:41] {Threei} half out .58

[11:41] {nemo} aig was overdone

[11:43] {Threei} out in full.68

[11:44] {Threei} a little early

[11:44] {Threei} but whatever

[11:44] {Threei} anyoner?

[11:45] {Threei} sigh

[11:45] {Threei} what am I doing here if no one plays them?

[11:46] {nemo} i don't rea them well

[11:46] {nemo} read

[11:47] {nemo} surprised Mags wasn't on that though

[11:53] {Threei} lwt's see if SVA gives double bottom

[11:54] {Threei} Long Setup: SVA .50 break if holding .40

[11:55] {Threei} wow

[11:55] {Threei} taken out at .60

[11:55] {Threei} even though offer was lower

[11:55] {Threei} AMEX quirks I assume

[11:55] {Threei} offered on ISLD

[11:55] {larisa} same time .40 and .60 orders :)

[11:56] {Threei} you got both filled?

[11:56] {larisa} no :) tape

[11:56] {Threei} oh

[11:56] {Threei} AIG another sharp drop

[12:00] {Threei} F Reports Aug US sales +17% v +33%e to 182K units (7.35, -0.25, -3.29%)

[12:02] {Threei} I suspect market snapback is near

[12:02] {Threei} Long Setup: RIMM .35 half lot

[12:03] {Threei} if stays above .20

[12:04] {ese} don't get it...everythin is just getting hammered and rimm is going up

[12:04] {Threei} just one of sttronger

[12:04] {nemo} it's down $2 off the high

[12:04] {Threei} so when I want to try bounce, I prefer it to those that get sold off

[12:06] {nemo} hit 1:1

[12:06] {Threei} yup

[12:06] {nemo} now, is that forming a right shoulder?

[12:07] {Threei} PAH3.GE Reports Aug US Sales +9% y/y to 1,646 units

[12:07] {Threei} Porsche is kicking butt

[12:08] {nemo} Goldman Sachs traders

[12:08] {Threei} F Sales Analyst: Sales would have been down y/y if not for the 'Cash for Clunkers" program - CNBC

[12:08] {Threei} no really?

[12:09] {Threei} I want that job...

[12:09] {nemo} and the gubmint isn't paying up either

[12:10] {Threei} sit with this abstruse look, say slowly and solidly... well... you know... Sun will be rising today... and come to think of it, it did rise yesterday

[12:10] {Threei} and get paid

[12:11] {Threei} magoo, you here?

[12:11] {Threei} want a big play?

[12:11] {Threei} RIMM .50 break

[12:11] {Threei} should be good for 40 cents at least

06[12:12] * Threei slaps magoo around a bit with a large alarm clock

[12:12] {nemo} maybe he needs smelling salts

[12:12] {Threei} or dino's elbow in ribs

[12:14] {Threei} ugh fern

[12:14] {Threei} missed beuatiful bounce on SVA while disconnected

[12:14] {Threei} [11:40] {Alert} Threei in

[12:14] {Threei} [11:40] {Alert} Threei .46

[12:14] {Threei} [11:40] {Alert} Threei stop .35

[12:14] {Threei} [11:41] {Alert} Threei half out .58

[12:14] {Threei} [11:43] {Alert} Threei out in full.68

[12:16] {dino} hmmm

[12:17] {Threei} RIMM invalidated but not off radar

[12:23] {Threei} ready to start trying AIG?

[12:32] {Threei} in from .34, half out .80

[12:33] {fernp} missed SVA, having some issues with my internet connection

[12:33] {Threei} :(

[12:34] {Threei} 1/4 more out 37.05

[12:34] {Threei} out in full +$1.00

[12:34] {Threei} I miss wulff... he would be all over these plays

[12:35] {Threei} even magoo quit on me

[12:35] {magoo} no..i in

[12:35] {Threei} no you not

[12:36] {Threei} Long Setup: RIMM .30 break

[12:36] {Threei} stop under .15-.20

[12:36] {magoo} in

[12:37] {fernp} in

[12:37] {Threei} AIG non-stop now

[12:41] {Threei} 1;1 was easy on RIMM

[12:41] {Threei} thinking of more though

[12:41] {Threei} that .30 buy was in fact my attempt to p[lay .50 break with aggressive entry

[12:41] {Threei} 'cause if it does take .50...

[12:41] {ese} l ebay .81

[12:42] {magoo} rimm..thinking ,70 area

[12:43] {Threei} unless shakes us out...

[12:43] {fernp} ty Vad grabbed +.14 in RIMM

[12:43] {Threei} and I am thinking more like .90 area

[12:43] {magoo} ok

[12:43] {Threei} I knew it fern

[12:48] {Threei} WFC CNBC: Najerian discusses heavy options activity and the ongoing secondary rumors (26.68, -0.84, -3.05%)

[12:49] {Threei} mags... you out AIG?

[12:52] {magoo} um..no

[12:52] {Threei} sheesh

[12:52] {Threei} come on

[12:53] {Threei} what do you want from it, 45 again?

[12:53] {magoo} 38.71

[12:53] {Threei} not 38.69?

[12:54] {magoo} thats better

[12:57] {Threei} wash RIMM

[12:58] {Threei} fern wins

[13:00] {fernp} ty,ty, I love u all

[13:01] {Threei} hehe

[13:01] {dino} rumors of a bank failure, cramer

[13:01] {Threei} lat by just one year

[13:01] {Threei} late

[13:01] {dino} lol

[13:02] {Threei} Sept 1 of last year, tholse rumors would have been just in time

[13:07] {Threei} Hedge Fund FX analyst forecasts savings will keep bond yields low; USD will remain reserve currency for at least 20 years

[13:07] {Threei} RIMM

[13:07] {Threei} .60 break long

[13:07] {Threei} stop under .50

[13:08] {Threei} nope

[13:08] {Threei} IMF Global Growth Estimate Higher Than IMF Projected In July - WSJ

[13:11] {Threei} BMW.GE Reports Aug US sales -21.3% y/y at 24.3K units; vs 21.25K m/m

[13:14] {ese} stopped ebay -.12 again.......thats it for me for today....just watching from here on

[13:15] {Threei} 7270.JP Subaru reports Aug US sales 58,6K units; +52% y/y

[13:15] {Threei} (CA) Canadian opposition leader: can no longer support the government

[13:15] {Threei} not another election again

[13:16] {Threei} that's ll be whatr 4th one in as many years

[13:19] {ese} alright alright....L AVII .88

[13:25] {nemo} volume actually prtty strong today

[13:27] {Threei} yup

[13:28] {Threei} was very tempted by WFC .40 break

[13:28] {Threei} then decided it would too contrarian, lol

[13:29] {magoo} SVA vaD

[13:30] {Threei} way too far from lows mags

[13:39] {Threei} AIG teleportation setups

[13:39] {Threei} watch, see if you get the rythm

[13:40] {nemo} 5 minute chrt looks interesting

06[13:42] * Threei slaps magoo around a bit with a large "AIG to 38.69" sign

[13:44] {magoo} just hold 38..palease

[13:45] {nemo} movin w/market

[13:47] {Threei} NSANY Reports Aug US sales -2.9% y/y (13.88, -0.07, -0.50%)

[13:47] {nemo} What's NSANY?

[13:47] {Threei} Nissan

[13:47] {nemo} oh

[13:48] {Threei} NVAX Hearing downgraded to Market Perform rating from Market Outperform at Rodman and Renshaw (timing uncertain) (6.85, +0.81, 13.41%)

[13:48] {Threei} Rodman and Renshaw got caught short?

[13:48] {Threei} Long Setup: AIG .20 break

[13:48] {nemo} Who are they anyway?

[13:48] {nemo} long gone

[13:48] {Threei} crap, that was fast

[13:49] {nemo} somebody said someting about "teleportation" :)

[13:49] {Threei} GM Reports US Aug sales -20.2% y/y to 246K units

[13:49] {Threei} got .22 on pullback

[13:49] {Threei} half out

[13:50] {Threei} stop under .10

[13:50] {Threei} offering 1/4 .45

[13:52] {Threei} held by fingertips

[13:52] {Threei} wash

[13:52] {Threei} gotta get back to scalping

[14:00] {ese} I'm likin AVII

[14:01] {Threei} nice spike

[14:01] {Threei} HMC Reports Aug US sales +14.2% y/y (31.33, 0.00, 0.00%)

[14:01] {dino} crmt\

[14:02] {ese} makes up for my ebay losses today and then some

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 940M shares, about 46% above its three-month average; decliners lead advancers by 7.7:1.

[14:07] {Threei} - NASDAQ volume 1.9B shares, about 35% above its three-month average; decliners lead advancers by 3.3:1.

[14:07] {Threei} - VIX index +9% to just over 28

[14:08] {Threei} GM Exec: Believe the US economy is out of the recession; - sales call

[14:08] {Threei} there

[14:08] {Threei} GE Vice Chairman Rice: markets continue to be tough

[14:08] {Threei} ah come on

[14:08] {Threei} just when I felt all warm and fuzzy

[14:09] {nemo} Vad=warm and fuzzy....does not compute

06[14:09] * Threei slaps GE Vice Chairman Rice with GM Exec

[14:14] {ese} That does deservve a slap for a comment like that.....sheeesh.....ya figer...??markets are tough

[14:16] {Threei} 42% Say People Randomly Selected from Phone Book Better Than Current Congress

[14:17] {nemo} 57% say they would like to throw them all out and start over

[14:17] {ese} ya know.....when ya design bad to lousy cars and vehicles.......the market is going to kick his butt even more......

[14:18] {Threei} alternative point of view ese:

[14:19] {Threei} before the economy hit the fan, GM sales were at par with Toyota for the last couple years,

[14:19] {ese} i find that hard to believe

[14:19] {Threei} what are they going to be when all GM manufacturers are small green cars mandated by government?

[14:19] {Threei} well, those are hard numbers

[14:20] {Threei} and btw, it's not like GM caught up with Toyota - it's other way around

[14:21] {Threei} in 2007 Toyota edged out GM first time in history

[14:21] {ese} hmmmmmmmm

[14:23] {Threei} http://www.msnbc.msn.com/id/18286221/

[14:24] {Threei} for the first quarter of 2007 Toyota has toppled GM from the top global sales spot for the first time ever, sales figured released on Tuesday show.

[14:24] {dino} govt will reverse spilt it, perpetuate a squeeze, ala aig, and then dump out. obama "livermore". pump and dump

[14:27] {Threei} GM said although Toyota won the first quarter, the fight for global leadership is not over for the year.

[14:27] {Threei} little did they know...

[14:27] {dino} i bet toy is real worried, not!

[14:27] {Threei} that was 2007

[14:27] {Threei} amazing how it sounds now eh?

[14:28] {Threei} but then again, in 2007 Ben said that mild crisis was about to be over

[14:28] {Threei} and housing was about to halt its retreat

[14:35] {Threei} Long Setup: WFC .50 break if stays above .40

[14:35] {magoo} in

[14:35] {ese} I didn't even blink and mags was in.......wow

[14:36] {nemo} cat?

[14:37] {ese} I do believe he tkaes all you say as the" law of god" vad

[14:37] {Threei} who, magoo??

[14:37] {Threei} he sends me 5 hate e-mails a day

[14:38] {ese} sheepishly ese says "yes"

[14:39] {ese} thats a sign of respect in a very sadistic type of way

[14:39] {Threei} lol

[14:39] {Threei} I also suspect it was him who sent my e-mail to all Nigerian spammers

[14:40] {Threei} but I got even by sending his to Ivory Coast ones

[14:41] {ese} rotfllol.........too funny

[14:44] {Threei} no worky

[14:49] {Threei} long period of locked market... like first half of August

[14:51] {dino} ndx & s/p -4%+ 2 days, dji -3.5%

[14:51] {nemo} so much for "Turn around Tuesday"

[14:52] {dino} yeah

[15:02] {Threei} AMAT CEO: Observing investments into solar capacity in China (12.96, -0.22, -1.67%) (related TAN ESLR FSLR )

[15:02] {ese} out AVII .19 +.30 20k

[15:02] {Threei} wtg

[15:03] {ese} tks......was showing strenght most of the day so it was worth the try

[15:03] {fernp} great job ese

[15:03] {ese} and volume was ok

[15:04] {ese} tks fern

[15:04] {dino} gj

[15:05] {larisa} just a try 20K, so how much when you are serious ? :) gj ese

[15:05] {dino} fslr -70 pts in aug.

[15:08] {Threei} why do I feel market snpaback so strongly

[15:08] {ese} thats about the extent of it laris.......20 is about all i can handle.......this had the same kind of action tha FITB had back in Feb/Mar....so i felt comfortable with it

[15:09] {larisa} :)

[15:12] {Threei} NSANY $1.025B auto loan backed TALF eligible deal has reportedly been launched - unconfirmed report (13.89, -0.06, -0.43%)

[15:13] {ese} done for the day all.......see ya tomorow

[15:14] {dino} cya es

[15:18] {Threei} 000270.KS Reports Aug US sales +37% y/y to 40.1K units

[15:18] {Threei} cars are out... crap is in

[15:19] {dino} ks?

[15:20] {Threei} Kia

[15:21] {Threei} SVA tripped

[15:22] {Threei} no news that I see

[15:25] {Threei} this is from 14:15

[15:25] {Threei} US President Obama: Expect to begin voluntary H1N1 flu shot program soon; prepared for contingencies

[15:25] {Threei} NVAX BCRX ROG.SZ GILD GSK HEB AVII

[15:25] {Threei} AVII all the way back in to

[15:26] {dino} intc close to thurs. close gap fill

[15:48] {nemo} gnite c u l8tr

[15:49] {larisa} bye :)

[15:54] {Threei} too bad no time left

[15:54] {Threei} thos SVA drop woudl deserve atention

[15:55] {Threei} okay guys, thank you all

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

[15:55] {larisa} later :)

[16:01] {dino} gn all

[16:01] {Threei} HOLX FDA Clears Hologic''s MammoSite(R) ML Radiation Therapy System for the Treatment of Early-Stage Breast Cancer (16.20, -0.26, -1.58%)

[16:04] {larisa} wow HOLX