Jan 06 2010

One more day of low volatility and things working pretty much in random fashion. The same setups on the same stocks work and fail with 50/50 odds.

Session Time: Wed Jan 06 00:00:00 2010

[08:21] {nemo} morning from the frozen People's Republic of Massachusetts

[08:22] {strider} morning from the moderately frozen south.

[08:23] {nemo} damn confederates

[08:23] {strider} 22F here.

[08:23] {strider} damn yankees.

[08:24] {nemo} Funny...we've got a Civil War monument in town it faces south. A friend of mine's grandfather, who had a wicked sense of humor, says it's because you always had to keep an eye on those southerners

[08:24] {strider} now that's true.

[08:25] {nemo} When I lived in SC about 20 years ago, I was surprised to see the Confederate flag flying over the capital, as well as more than a few bumper stickers that said "Lee surrendered, I didn't"

[08:27] {strider} I think it was still there until last year or so.

[08:27] {strider} People confuse the map with the territory.

[08:27] {nemo} within a few years, yeah

[08:28] {strider} iow, confuse the symbol for the attitude.

[08:28] {strider} or, confuse allegiance to the conferacy with allegiance to slavery/racism.

[08:28] {nemo} yeah...well, SC was where I first saw the bumper sticker, "The voices in my head told me to stay home from work today and clean my guns."

[08:29] {nemo} No, I thought the former, not the latter. As a matter of fact, there seemed to be alot less racial tension there than up here

[08:29] {nemo} It's a big money making industry up here

[08:29] {strider} Only if you planned on attacking us.

[08:31] {nemo} then again, up here I first saw the bumper sticker, "If I'd known what would have happened, I'd have picked my own cotton."

[08:32] {Raven} there will soon be a Federal Agency to regulate bumper stickers

[08:32] {nemo} I don't doubt it

[08:33] {strider} Hey, that would be a great bumper sticker!

[08:33] {Raven} never thought of that ... I'll be RICHHHHHHHHHHHHHH

[08:34] {Threei} hah... ese's going to make a killing on ABAT

[08:34] {nemo} yeah, saw that

[08:35] {strider} re: picking cotton......I tried that for about 5 minutes...pure misery.

[08:37] {strider} FDO could be interesting today.

[08:38] {strider} Vad, what default route do you use?

[08:41] {Threei} for NASDAQ I usually don't bother to turn routing on at all,

[08:41] {Threei} unless I just switched from listed stock and forgot

[08:41] {Threei} for listed, I check the Route On box and keep it on NASDAQ

[08:42] {Threei} mostly to avoid MLCO which is default for smart route on listeds

[08:43] {strider} so you're using smart route for nasdaq?

[08:43] {strider} didn't understand: " for NASDAQ I usually don't bother to turn routing on at all,"

[08:44] {Threei} for nasdaq stocks

[08:45] {Threei} yes

[08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.

[08:46] {strider} so when I try to enter/exit at limit, I don't get filled.

[08:46] {strider} Was wondering route would be best to use.

[08:47] {nemo} what are you using then?

[08:47] {strider} Been switching to smart route, just cause it was first in line.

[08:47] {nemo} oy vay

[08:47] {strider} Don't know if fees are higher for that, though.

[08:48] {nemo} smart hits a dark pool first I think

[08:49] {nemo} GETCO to be specific

[08:49] {strider} Is that a good thing or a bad thing:)

[08:50] {nemo} well, it's cheaper if you get it from GETCO, but...it tries there first and then proceeds to other sources, which takes time, so if you need fast execution...forget it

[08:50] {strider} what do you use for listed/nasdaq--nemo.

[08:51] {Threei} wait

[08:51] {nemo} me..yes

[08:51] {Threei} strider... if you have Route Out checked in the big window that pops up when you right click on level2,

[08:51] {Threei} you don't care who is at the bid or offer

[08:52] {Threei} your order will hit them all

[08:53] {nemo} vad, on that general tab under "Hit Adjust", what do you have as a value for the NASDAQ window

[08:54] {Threei} zero

[08:54] {nemo} ty

[08:54] {Threei} but I am not sure it's optimal

[08:54] {Threei} I don't remember what it is

[08:55] {Threei} it's been years since I configured all that

[08:55] {nemo} for some reason, mine was set at .0020

[08:55] {Threei} ARCA is set to .03

[08:55] {strider} I have all boxes checked for 'route out'.....still haven't been getting fills through Nasdaq.

[08:55] {nemo} .03 or .0030

[08:56] {strider} Is that under the shave column, nemo?

[08:56] {Threei} 08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.

[08:56] {Threei} [08:46] {strider} so when I try to enter/exit at limit, I don't get filled.

[08:56] {Threei} that's why

[08:56] {nemo} just above Route Out

[08:56] {Threei} move a few cents beyond, you'll get your fills

[08:56] {strider} confused.

[08:57] {Threei} you are trying to hit inside quote, if you are a LITTLE LATE IT GETS AWAY FROM YOU

[08:57] {strider} that's not what I mean.

[08:58] {strider} I'm just trying to enter or exit at static best bid/ask. It's not moving.

[08:58] {strider} I must be missing something on lvl 2.

[08:58] {Threei} buying at the offer or selling at bid?

[08:58] {Threei} or buying at bid and selling at the offer?

[08:59] {strider} I think the first, of course........but I may sometimes try to do the second.

[08:59] {strider} and that's what's happening.

[08:59] {strider} I'll watch it.

[08:59] {Threei} if the second, then no wonder

[08:59] {strider} yeah.

[08:59] {Threei} if first, andf there are enough shares, your fill is instant

[08:59] {strider} nemo....what does 'hit adjust' mean?

[09:00] {strider} kk

[09:00] {strider} k

[09:00] {nemo} I don't know, just saw the setting

[09:01] {Threei} by the sound of it, I'd think it does automatically what I do by clicking at the price beyond market

[09:01] {Threei} but let's not assume and ask Trev instead

[09:01] {strider} yeah, that would be good to know.

[09:02] {strider} Also, I don't know what the 'shave' column does.

[09:04] {Threei} there is a video tutorial on Laser

[09:05] {strider} yeah, I've watched it. have a nemo-memory, though.

[09:06] {strider} Besides, they assume you already know what a lot of those terms mean. Like 'shave'. Seem to recall they don't define it.

[09:06] {Threei} well, if you watch the part that shows what it does it should explain things, no?

[09:07] {strider} My recollection is that it just says something like: if you want to change the shave settings, here is where you do it.

[09:07] {Threei} that's helpful

[09:07] {strider} yeah:)

[09:08] {strider} FNSR, CREE FDO

[09:12] {dino} gm all

[09:12] {Threei} dino :)

[09:14] {ese} good morning......held my abat overnight....will get rid of that at the open

[09:14] {Threei} ese :)

[09:14] {Threei} we figured that out

[09:15] {Threei} [08:34] {Threei} hah... ese's going to make a killing on ABAT

[09:15] {ese} wish i had more than 600shs of it

[09:15] {ese} good way to start the day

[09:18] {nemo} mos might be interesting today too

[09:19] {ese} looks like i'm only going to be with you all for a couple of hours today

[09:19] {ese} my electrical is being cut off

[09:20] {larisa} gm all :)

[09:20] {ese} haveing a 200amp service put in for a hot tub

[09:20] {Threei} larisa :)

[09:20] {strider} larisa:)

[09:20] {ese} laris

[09:20] {larisa} vad, strider, ese :)

[09:20] {nemo} Lari :)

[09:20] {larisa} and nemo :)

[09:22] {ese} vad....i held abat based on our conversation before christmas.......i had asked you when you consider holding a stock over night.....you talked volume and how it closed at the end of the day..

[09:23] {Threei} yup, it closed near the high

[09:23] {Threei} and the volume for the day was remarkable

[09:23] {dino} wag, irbt, ksu, lmt, fdo, dltr and the usuals

[09:24] {strider} I want to keep a close watch for those plays, ese.

[09:26] {ese} me as well st

[09:27] {nemo} mos breaking out

[09:28] {lasertrev} morning

[09:29] {Threei} trev :)

[09:31] {dino} ed's moving

[09:31] {nemo} mos $2 on the open

[09:32] {Threei} PIMCO's Bill Gross Monthly Outlook: US and UK may suffer as exit strategies are implemented

[09:32] {Threei} - "If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of exit strategies, during which investors should consider economic fundamentals and asset markets that will soon be priced in a world less dominated by the government sector. If, in 2009, PIMCO recommended shaking hands with the government, we now ponder which government, and caution that the days of carefree check writing leading to debt issuance without limit or interest rate consequences may be numbered for all countries."

[09:34] {Threei} Long Setup: UAUA .76 if stays above .65

[09:35] {nemo} .63 is pivot

[09:35] {Threei} IVAN new 52 weeks high

[09:35] {Les} GM. DAL has gone south

[09:35] {nemo} mos retracing all gains

[09:36] {nemo} uaua could be short below .63

[09:37] {strider} not following futs.

[09:37] {Threei} Long Setup: ABAT .70 break

[09:37] {Threei} if stays bove .63

[09:38] {dino} cal too

[09:38] {Threei} SIGA Strength attributed to Dept of HHS circulating a solicitation for development of a smallpox antiviral for the strategic national stockpile (6.80, +0.52, 8.28%)

[09:39] {Threei} if you shorted UAUA, don't be in a hurry to cover, IMO

[09:40] {Threei} GERN...

[09:41] {Threei} SEED Hearing takeover chatter circulating

[09:41] {Threei} - Monsanto rumored as a potential acquirer (13.40, +0.44, 3.40%) (related MON )

[09:41] {Threei} bunker is firmly back from vacation

[09:42] {Threei} US) Preview: Dec ISM Non-Manufacturing Composite Index due out at 10:00ET

[09:42] {Threei} **consensus expectation: 50.5e v 48.7 prior (estimates range between 48 to 52).

[09:43] {nemo} so "good" manufacturing news didn't really move the market yesterday

[09:43] {nemo} and one could have expected the Real Estate numbers yesterday

[09:43] {nemo} interesting

[09:44] {dino} lol

[09:44] {Threei} Blackrock's Bob Doll: US economy to expand 3% or more in 2010; US stocks should outperform the rest of the developed world this year

[09:44] {Threei} wow

[09:44] {Threei} that's a bold call

[09:46] {nemo} frickin' uaua

[09:47] {Threei} I am amazed

[09:47] {Threei} it tries to turn ionto momo again

[09:48] {dino} cal open gap fill

[09:48] {Threei} and if it breaks 14 asnd develops nice pace, I won't be surprised by another dollar run

[09:57] {Threei} CLNE, what's up?

[09:57] {nemo} stec crash

[09:57] {strider} short HOG .49 stop .60

[09:58] {Threei} is it my wishful thinking or ABAT really looks like preparing a surprise run

[10:00] {dino} cpla v sm l .30 ave

[10:00] {Threei} *(US) DEC ISM NATIONAL NON-MANUFACTURING COMPOSITE: 50.1 V 50.5E

[10:00] {dino} hl l abfs .74\

[10:00] {Threei} pretty much non-event

[10:02] {dino} fast again

[10:04] {Threei} LLTC

[10:04] {Threei} .17 is 52 week high

[10:07] {nemo} I'm afraid to ask what the Vix is

[10:08] {Threei} gern

[10:09] {Threei} Long Setup: HIG .40 if stays above .30

[10:09] {ese} l pten .57

[10:09] {ese} sorry for the late call

[10:09] {Threei} Long Setup: JASO .75 break

[10:10] {nemo} in

[10:10] {Threei} stop for extreme scalpers under .70, although I'd porefer .65

[10:11] {Threei} it looks to me like a good candidate for that slow extended climb

[10:11] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:11] {Threei} **consensus expectations:

[10:11] {Threei} Crude: -500Ke

[10:11] {Threei} Gasoline: +500Ke

[10:11] {Threei} Distillate: -2Me

[10:11] {ese} out pten .71 +.11

[10:12] {dino} fds thin, sm l .28

[10:13] {ese} jaso call looks real good

[10:13] {ese} missed it...but it looks good

[10:13] {Threei} market's pulling back, see if can get it on retreat

[10:14] {ese} l swhc .30

[10:16] {Threei} JASO did that little dance specifically for you ese

[10:17] {Threei} coming to 1:1

[10:17] {Threei} scalpers got it

[10:17] {ese} just saw your post vad.....damn missed again

[10:17] {ese} up .06 swhc anyway

[10:18] {nemo} 1/2 out

[10:18] {nemo} ty

[10:18] {Threei} come on... why not watch stock instead of me

[10:18] {Threei} lol

[10:18] {strider} out 1/2 JASO

[10:18] {Threei} it did beautiful little drop right to trigger

[10:18] {nemo} I like the kaching sound

[10:18] {Threei} HIG no go

[10:19] {nemo} tck Vad

[10:19] {Les} out jaso +.10 ty vad

[10:19] {Threei} TCK, .15 you like?

[10:19] {nemo} if volume complies, look at fcx

[10:20] {nemo} stop to .79 on jaso

[10:20] {ese} out swhc .37 +.07

[10:20] {nemo} ?

[10:21] {Threei} to .74 for now

[10:21] {Threei} break of this high and yes, to .79

[10:21] {Threei} there

[10:21] {Threei} to .79 now

[10:22] {ese} out fitb .46 hold from yesterday +.23

[10:22] {strider} stopped HOG

[10:22] {nemo} pesky critter

[10:23] {Threei} offer 1/4 more at .92 - .94

[10:23] {ese} nice one with jaso there ladies and gents.....fab call vad....as per usual

[10:24] {Threei} something should start working finally

[10:24] {Threei} this is so your play ese... too bad you missed it

[10:25] {Threei} RIMM

[10:25] {ese} ya

[10:25] {Threei} seems to resume that relentless selling

[10:26] {Threei} .80 break short

[10:26] {Threei} let's see where the bounce tops out

[10:26] {Threei} fpor stop placement

[10:26] {Threei} so far .90

[10:26] {ese} cdii if you get a chnace to look at it vad

[10:27] {ese} am thinkin .15 break

[10:27] {Threei}

[10:27] {Threei} 1/4 more out

[10:27] {Threei} RIMM no cooperatrion

[10:28] {nemo} yep

[10:28] {strider} stopped RIMM

[10:28] {strider} again.

[10:28] {strider} one of these days I'll learn.

[10:28] {strider} maybe.

[10:28] {nemo} yes, you will

[10:29] {dino} it's not even on my screen

[10:29] {strider} see if trev can take RIMM out of my data feed.

[10:29] {strider} good idea.

[10:29] {Threei} can't tell on CDII ese

[10:29] {nemo} stop on jaso .85?

[10:29] {ese} maybe not...volume is running out.

[10:30] {Threei} *DOE CRUDE: +1.3M V -500KE

[10:30] {nemo} hehehe

[10:30] {Threei} GASOLINE: +3.7M V +500KE; DISTILLATE: -230K V -2ME

[10:30] {Threei} yes nemo

[10:31] {dino} cit

[10:31] {nemo} wonder if those oil numbers crack jaso

[10:31] {Threei} oil dropped like a stone

[10:32] {ese} L fwlt .81

[10:32] {nemo} cracked XOM

[10:32] {Threei} amazing stupidity in this set of numbers

[10:32] {nemo} in the estimates?

[10:32] {Threei} whole thing

[10:33] {Threei} so what if there is more oil in reserboirs than analysts thought?

[10:33] {nemo} frickin' gern

[10:33] {Threei} over the weekend couple tankers get stuck somewhere because of hurricane, next week numbers are below expectations

[10:33] {Threei} so what?

[10:34] {Threei} GERN Hearing strength being attributed to chatter of possible contract win or deal with large pharma company (6.42, +0.36, 5.94%)

[10:34] {Threei} stay away

[10:34] {Threei} GERN will have you for lunch on these rumar moves

[10:34] {nemo} out jaso

[10:34] {Threei} rumor

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 235M shares, about 7% below its three-month average; advancers lead decliners by 1 3:1.

[10:35] {Threei} - NASDAQ volume 520M shares, about 7% above its three-month average; advancers lead decliners by 1.2:1.

[10:35] {Threei} - VIX index -0.25% to just over 19.00

[10:35] {ese} man should have exited at .86/.87 fwlt....we'll see

[10:36] {Threei} IVAN

[10:38] {strider} short the hog, 1/2 lot .69

[10:41] {ese} out fwlt.86 +.055

[10:41] {ese} hows that for calculation

[10:42] {Threei} watching LVS for bounce

[10:42] {larisa} you've had better.. like .059999 :)

[10:43] {Threei} that was just his finger stuck in the calculator Larisa

[10:43] {ese} nawwww it was something like .05987358453o4969

[10:44] {Threei} ok... that was something else then :)

[10:44] {nemo} V vad

[10:44] {Threei} .45, half lot

[10:45] {nemo} don't know if I can handle the .12 stop :)

[10:45] {nemo} XOM forming .05 rainge

[10:45] {nemo} range

[10:45] {Threei} ese reminded me a joke from the rotary phone times...

[10:46] {Threei} - hi, is this 333-3333? Cpould you please phone 911 for me?

[10:46] {Threei} - ???

[10:46] {Threei} - p[lease tell them, finger's stuck in number 3...

[10:47] {larisa} I wish TSL was not so thin, did not have guts to short it at 59.80, was looking at it for 15 min and nothing :)

[10:47] {Threei} I wish LVS gave any indication before breaking 18

[10:48] {larisa} lol

[10:48] {dino} out cpla .00, +.70

[10:49] {nemo} that stock is anorexic congrats

[10:49] {larisa} gj dino

[10:49] {dino} thx, played off apol, esi

[10:50] {magoo} morning

06[10:50] * nemo slaps magoo around a bit with a large alarm clock

[10:50] {Threei} mags

[10:51] {magoo} been out hunting in mornings nemo..u can relate im sure

[10:51] {dino} rino a bit unpredictable today

[10:52] {ese} vad ....tried to ask this yesterday but you were concentrating on something........do you have volume parameters for your 2 day high screen

[10:53] {Threei} I answered

[10:53] {ese} i missed it....sorry

[10:54] {ese} or

[10:54] {ese} it was volume very loose

[10:54] {ese} ?

[10:54] {ese} something like that

[10:54] {Threei} I said 200K

[10:54] {Threei} which is fairly low

[10:54] {Threei} so you may want to tighten it up

[10:55] {ese} tks.........1000000shs per chance

[10:55] {dino} 60k\ here es

[10:55] {ese} tks dino

[10:56] {Threei} [10:48] {Alert} Threei 200K

[10:56] {Threei} [10:48] {Alert} Threei but you may want to set it higher

[10:56] {Threei} [10:48] {Alert} Threei my filters are intentionally loose

[10:56] {ese} do you use the 2X's or 1.5X's perevious days volume

[10:57] {ilana} TEVA b/d?

[10:57] {Threei} no, just mnin volume

[10:57] {Threei} TEVA worth a try

[10:58] {ese} tks

[10:58] {Threei} it's not relly easxy stock

[10:58] {Threei} but if market helps, should work

[11:01] {magoo} how u hitting them today vad?

[11:02] {Threei} I'll leave it to census bureauo

[11:04] {Threei} Long Setup: BEXP .50

[11:04] {Threei} if stays above .40

[11:04] {magoo} that good huh?

[11:06] {nemo} think bexp might be a short

[11:07] {dino} vmi

[11:07] {dino} lnce

[11:07] {dino} rbn

[11:09] {strider} short .43 BEXP

[11:10] {nemo} where's your stop strider?

[11:10] {strider} hod

[11:11] {dino} fds to .67

[11:14] {strider} out flat

[11:14] {nemo} why?

[11:15] {strider} just didn't move fast enough for a drop, imo.

[11:16] {Threei} Short Setup: QWID .45 break

[11:16] {Threei} QID

[11:17] {Threei} stop above .50

[11:18] {Threei} AONE Ticks higher in conjunction with a report that GM will begin its battery pack production at its new Brownstown Township factory on Thursday. (22.56, +0.17, 0.76%)

[11:18] {magoo} AONE

[11:18] {magoo} launch

[11:18] {dino} wor

[11:19] {dino} out fds .73, +.45

[11:20] {Threei} - The plant was announced nearly a year ago at the 2009 Detroit auto show.

[11:22] {Threei} if takes .30, should go to .60 roughly

[11:23] {Les} uaua dropping

[11:23] {Threei} you are partialling mags?

[11:24] {magoo} here it goes

[11:24] {nemo} ow

[11:25] {dino} sm l vmi .25

[11:30] {strider} out QID -.02

[11:30] {ese} gotta sign off all...electricians are here......may log in from school later.....if not see ya tomorow

[11:30] {Threei} take care ese

[11:30] {Les} bye ese

[11:30] {ese} cya all

[11:31] {dino} cya es

[11:42] {dino} sonc lod

[11:43] {patience} out of HNU (natural gas etf). i will never trade this bastard etf again...out $1.36 but what a lesson.

[11:43] {dino} lol

[11:44] {Les} uaua .65 b/d

[11:45] {nemo} .63 is pivot

[11:46] {Les} ok. short at .79

[11:47] {dino} sm s cal .05

[11:49] {dino} arb

[11:49] {Threei} CLNE non-stop

[11:51] {dino} upgraded to 20

[11:51] {larisa} HIG any news?

[11:52] {Threei} nothing fresh

[11:52] {larisa} ty

[11:52] {nemo} s see .60

[11:52] {nemo} seed

[11:55] {nemo} 1/2 out .54 stop was .67

[11:57] {Les} out UAUA .48 +.31

[11:57] {nemo} stop balance seed

[11:58] {dino} sm s arb .70 risky

[11:59] {dino} cal to b/e

[12:00] {strider} looks good, dino.

[12:00] {strider} pivot at .91, fwiw

[12:01] {dino} so far

[12:02] {dino} wor hod

[12:03] {dino} pretty decent range on it

[12:04] {dino} cal to .90 bstop

[12:05] {Les} out UAUA +.17. sorry, wasn't confident so didn't call

[12:05] {strider} support at 19.13

[12:05] {Les} but it bounced and rolled straight over

[12:05] {nemo} yep, air down to .17

[12:05] {larisa} last one short too les?

[12:05] {Les} y

[12:06] {Les} yeh nemo put your pivot points on freestockcharts. keep it onscreen for MA, now pivot as well

[12:07] {nemo} 132 important level for amzn

[12:08] {dino} cov arb .30, +.40

[12:09] {dino} cov cal .90, +.15

[12:13] {dino} out abfs .70 -.04

[12:15] {nemo} crissakes dino, you messed one up

[12:15] {larisa} lol

[12:16] {strider} now he's gonna feel bad.

[12:16] {Threei} he well should

06[12:16] * nemo passes dino a tissue

[12:19] {Threei} dino you be careful with tissues by nemo... he has no problem using sandpaper for those he passes around

[12:19] {nemo} soak it in onion juice first

[12:19] {larisa} onion is very good for you.. kills bacteria

[12:21] {dino} lol

[12:21] {dino} vmi stop is .98 fwiw

[12:23] {Raven} so does gin

[12:23] {nemo} vodka keeps the blood from thickening up in cold weather :)

[12:24] {Threei} but gin also spoils taste of vodka

[12:24] {Raven} sigh

[12:24] {dino} hmmm thinking of a maryini w/olive and onion tonight

[12:24] {nemo} oh no...threeish typing

[12:24] {nemo} your infected dino

[12:25] {strider} what was your vmi entry, dino?

[12:25] {Raven} garlic stuffed olive dino

[12:25] {nemo} roasted garlic

[12:25] {Threei} now, how about this for a mental image: all soaked in vodka from inside to keep blood thin, and covered in onion juice for disinfection... anyone wants to meet nemo in person?

[12:25] {dino} well it fits the low carb diet

[12:25] {nemo} what can I say, I'm a guinea

[12:26] {Raven} scary

[12:26] {nemo} fdx interesting range

[12:26] {dino} strider too high .25, thought it was breaking up

[12:27] {nemo} uaua right at resistance

[12:27] {Threei} so, third day of this year and I still can't get the rythm of the market

[12:27] {strider} does CAL look like a long to you now?

[12:27] {Threei} that's already one day above my normal

[12:27] {nemo} did you just use the word "normal"?

[12:28] {dino} i am better today, but had to downsize shares, getting rinsed m and t

[12:28] {strider} Illinois.....been to the far side of Noral.

[12:28] {strider} normal.

[12:28] {dino} cal, dk, up 2+ yesterday

[12:28] {Threei} yes nemo... I consider normal to be the limits to my abnormality

[12:29] {strider} dk?

[12:29] {strider} don't know?

[12:29] {Threei} when abnormality expands beyond those, it's not normasl

[12:29] {dino} yes

[12:30] {dino} cedc luv

[12:30] {nemo} what's "luv"?

[12:30] {strider} got to do with it/

[12:31] {nemo} oy

[12:31] {dino} oh boy....

[12:33] {dino} ed's are rocking today

[12:42] {dino} sonc sm l .99

[12:43] {nemo} huge order at 9 dino

[12:44] {dino} yeah, i see it, .97 too

[12:45] {nemo} dino sandwich

[12:45] {strider} Is there a way to scroll level II in Laser?

[12:45] {nemo} lengthen the box

[12:46] {strider} thanks for nuthin.

[12:46] {dino} rather a scooby snack

[12:46] {nemo} roro

[12:46] {dino} what do you make of lnce nemo?

[12:46] {Threei} here is useful tip

[12:47] {dino} i was at 24.05 but didn't get to me

[12:47] {Threei} if you want to lenghten the box, make sure that the spot where you grab lower part of the window is NOT right under Market Buy button

[12:47] {Threei} ask me how I came to this conclusion

[12:47] {nemo} hehehehe

[12:48] {strider} I have the same issue with the down scroll arrow for volume. JUst above sell button.

[12:49] {nemo} after that kind of fall, I'd be afraid it tests the bottom again, volume is not looking positive

[12:49] {nemo} transactions are mixed between bids, offers, and market

[12:49] {nemo} no man's...woman's land

[12:50] {dino} not the response i was expecting:)

[12:50] {nemo} what were you expecting?

[12:50] {dino} hit low .40s sell mid .79s

[12:50] {nemo} C&H on UAUA?

[12:51] {nemo} oh, well low .40's would be test of bottom

[12:51] {dino} more like martini glass

[12:51] {nemo} o.kkkkkkkkkkkkkkkkkk??????????

[12:52] {strider} I've been using a techinique for scrolling price while in a trade that helps me a lot. After entry, I set the cursor in price box, and use my left index and middle finger on up and down arrow keys, while keeping cursor over exit button. Need to set arrow keys to move by .01 in trade settings.

[12:52] {dino} lol

[12:54] {dino} guess i covered arb a bit early

[12:54] {Threei} DYAX Hearing Wedbush raising Price Target to $9 from $7 (timing uncertain) (3.66, +0.21, 6.09%)

[12:55] {Threei} cites better than expected price for Kalbitor

[12:55] {strider} long DYAX .67, stop under .50

[12:56] {strider} small

[12:57] {nemo} wow..oil up big

[12:58] {nemo} wow two democratic senators calling it a day in 24 hours

[12:58] {strider} hmm...must be a day.

[12:59] {Threei} remember huge oil drop after numbers?

[12:59] {nemo} yeah

[12:59] {Threei} told ya, most meaningless set of numbers you can only think of

[13:00] {Threei} DELL Announces US smartphone deal with AT&T (14.59, -0.28, -1.88%) (related T )

[13:01] {Threei} NFLX Announces new agreement with Warner Brothers for DVD's, Blu-Ray and streaming content

[13:01] {Threei} - announced new agreements that will continue to make Warner Bros. new release DVD and Blu-ray title... (52.23, +0.72, 1.40%) more... (related TWX )

[13:05] {dino} i guess everybody now makes smart phones, sheesh

[13:06] {strider} DYAX stop to .65

[13:06] {dino} lnce sm l .30

[13:06] {dino} shoot only 13 filled

[13:07] {strider} I don't even show a print at .30.

[13:07] {Threei} I thought they'd buy PALM and use it as entry in the market

[13:07] {nemo} try for some more between .40-.45

[13:07] {dino} i got it

[13:07] {strider} 13

[13:07] {strider} wtg.:)

[13:07] {dino} unfortunatel

[13:07] {dino} y

[13:09] {dino} sonc not working, stop to .88

[13:11] {nemo} there you go dino

[13:14] {dino} not yet

[13:14] {strider} out DYAX, -.01

[13:16] {dino} lea spike

[13:16] {Les} AIG .80 b/d vad?

[13:17] {Les} ,90 stop?

[13:17] {Threei} not sure

[13:17] {Threei} coin toss

[13:17] {Les} oh well. short at .79.

[13:17] {larisa} .94 stop if you go for it

[13:18] {Les} ok thanks

[13:20] {larisa} when i am that bored i eat too much chocolate.. market needs to wake up

[13:22] {nemo} market in it's afternoon upward march

[13:25] {nemo} sndk

[13:25] {nemo} get your shares yet dino?

[13:25] {dino} ave .38 lnce sm l

[13:29] {Les} http://miburl.com/WG30WOa

[13:29] {Les} why bomb plane?

[13:29] {Les} this looks much easier

[13:30] {Threei} they misunderstood him... it was just his usual spot to get off the plane

[13:30] {nemo} he had to pee and all the bathrooms were full

[13:30] {Les} ah a frequent flyer!

[13:36] {Threei} NFLX big move off news

[13:40] {Les} AIG popped. stopped

[13:43] {nemo} fdx forming nice base and volume moves

[13:43] {dino} abfs lod

[13:44] {Threei} crap

[13:44] {nemo} oh no

[13:44] {Threei} risk of weight gain and diabetes goes back down in TEN YEARS after quitting smoking

[13:44] {Threei} remind me again why I did it

[13:45] {nemo} diabetes is manageable, small cell lung carcinoma is not

[13:45] {nemo} any questions?

[13:46] {Threei} yes

[13:46] {Threei} ojne I haven't asked for as while

[13:46] {Threei} guess who is on TV

[13:47] {dino} dagny tagart

[13:47] {Threei} you wish

[13:47] {nemo} Carla Gugino

[13:47] {dino} john galt, opps that ws radio

[13:47] {strider} Amerigo Vespucci?

06[13:47] * nemo slaps strider around a bit with a large parchment map

[13:48] {Threei} strider takes prize of the weirdest suggestion

[13:48] {Les} lol thinking big strider

[13:48] {nemo} real prize...that one

[13:49] {Les} why settle for these little weiner hollywood starlets...

[13:49] {nemo} dumb question

[13:49] {dino} lnce stop is .20

[13:53] {dino} stopped

[13:54] {dino} i've gone cold, break time

[14:00] {Threei} MINUTES OF THE DEC 16 FOMC MEETING: FEW MEMEBERS SAID MORE STIMULUS MAY BECOME DESIRABLE; ASSET PRICES ARE NOT OUT OF LINE WITH FUNDAMENTALS; SUBDUED INFLATION IN 2010

[14:01] {Threei} - Members did discuss additional steps to normalize lending programs and sees total securities holdings falling after purchases end

[14:01] {Threei} - reiterates predicts unemployment to remain high for some time

[14:07] {Threei} going to try DYAX on .65 break

[14:07] {Threei} same setup and idea as yesterday on ABAT after the drop

[14:08] {Threei} wiulling to hold overnight, too

[14:10] {Threei} UAUA looks to be bottoming and reversing

[14:13] {Threei} .42 long if stays above .35

[14:26] {strider} AMZN in narrow range.

[14:28] {Les} l fcx .50

[14:28] {Les} wow popped.

[14:28] {Les} out .62

[14:29] {Threei} UAUA invalidated

[14:30] {Threei} DYAX more or less working, ever so slowly

[14:32] {strider} out small AMZN +.61

[14:32] {nemo} nice

[14:32] {strider} I needed that.

[14:32] {Threei} wtg

[14:32] {Les} well done

[14:32] {strider} Thanks, Les.

[14:33] {strider} Stomach toughening practice.

06[14:33] * Threei slaps strider around a bit with a large roll of cash diminished by small position

[14:33] {strider} hahaha

[14:33] {Threei} it's a good exercise for intestinal fortitude

[14:34] {strider} If you can stand the swings, AMZN is fairly predictable...just need 50 cent stops.

[14:35] {strider} tracks the QQQQs almost perfectly.

[14:35] {larisa} AMZN was perfect straight downtrend channel today until 131.65 bottom. You exited right when it was breaking downtrend to upside. But entry is nice. very :)

[14:36] {strider} grrr....

[14:36] {strider} I always leave money on the table.

[14:36] {nemo} as long as you're taking some with you

[14:36] {larisa} right

[14:36] {strider} I need to consult with the Mistress of AMZN.

06[14:36] * Threei makes a point to inspect all tables strider sat at

[14:38] {Threei} ehst the hell just happenedz?

[14:38] {Threei} only typed better

[14:38] {nemo} specifically?

[14:38] {nemo} PPT hit the market

[14:38] {Threei} sigh

[14:39] {strider} UAUA at dbl bottom

[14:39] {Threei} careful

[14:39] {Threei} it's not a double bottom really

[14:39] {Threei} it's inverted C&H

[14:39] {strider} not yet, no.

[14:39] {strider} k

[14:39] {strider} I ain't buying.

[14:40] {ilana} on 5 min. chart it is

[14:40] {Threei} 12:05 cup start

[14:40] {Threei} 13:53 cup end

[14:40] {Threei} handle till this moment

[14:42] {strider} larisa, do you trade AMZN regularly?

[14:42] {larisa} it is always on my screen, yes.

[14:43] {dino} .

[14:43] {larisa} it is not easy trader though

[14:43] {dino} gj amzn strider

[14:43] {strider} I know that.

[14:43] {strider} thks, dino.

[14:43] {nemo} be polite strider

[14:43] {ilana} lol

[14:43] {strider} huh?

[14:44] {strider} Hey guys, I'm trying to ask this nice lady some questions.

[14:44] {ilana} "benefits" of virtual socializing

[14:44] {larisa} lol

[14:44] {strider} There are benefits?

[14:44] {Threei} uh oh

[14:45] {Threei} we have two nice ladies uniting

[14:45] {Threei} this never ends well

[14:45] {patience} i'm with them vad

[14:45] {Threei} 3

[14:45] {Threei} I am so outta here

[14:45] {strider} {--------------genuflects humbly.

[14:46] {nemo} Back to my Garden of Eden Joke

[14:46] {Threei} genuflection will save you for just so long

[14:46] {nemo} yeah, expose your neck

[14:46] {Threei} it's a perfect position for a gilottine

[14:47] {Threei} or how you spell that

[14:47] {nemo} hah!

[14:47] {nemo} nice smack on the 7th cervical...gnite Irene

[14:47] {strider} Oh, I see. There ARE advantages to virtual socializing.

[14:47] {Threei} there

[14:48] {strider} Dyax is really jumping, huh?

[14:48] {Threei} sdhrug

[14:49] {Threei} -d

[14:49] {Threei} ABAT did same thing yesterday

[14:49] {Threei} sat with no movement, then jumoped 20 cents into cloe

[14:49] {Threei} then gapped up 30 cents

[14:49] {Threei} 50

[14:49] {strider} nuff said.

[14:49] {ilana} being sarcastic, strider?

[14:50] {Les} I'm in DYAX. Will try a little overnight trading

[14:50] {Les} saw the price target for DYAX earlier. $9 was it?

[14:50] {Threei} yeah

[14:50] {strider} not me, ilana.

[14:50] {strider} never.

[14:51] {Threei} yeah, he usually waits for me to excpress my usual sarastic self, watches what happens to me, then decides of he wants to do that

[14:51] {Threei} (and yes, that was sracasm)

[14:52] {larisa} vad

[14:52] {strider} Every group needs a front man.

[14:52] {Threei} sarcasm too

[14:52] {Threei} larisa... I need new keyboard... or new fingers

[14:53] {Threei} current combination doesn't really work it seems

[14:53] {larisa} spelling today is really unacceptable

[14:53] {larisa} at all

[14:53] {Threei} true

[14:53] {Threei} but I fail to see what is so different from yesterday

[14:53] {Threei} UAUA C&H works like charm

[14:55] {Threei} see the formation?

[14:56] {larisa} i'll be polite and say yes

[14:56] {Threei} oh come on

[14:56] {strider} me too,,,,, me too.

[14:57] {Threei} want me to make a screenshot??

[14:57] {larisa} I see it

[14:57] {strider} Only if you can afford to buy a new monitor.

[14:57] {Threei} without being polite?

[14:57] {larisa} plus 13.22 "secret" support level

[14:57] {dino} wor hod

[14:57] {nemo} I miss those 300 point down days

[14:57] {larisa} me too nemo

[14:58] {nemo} I like blood in the streets and widespread panic

[14:58] {Threei} 13.22 wasn't really serious support

[14:58] {Threei} that tail can be usdually ignored

[14:58] {larisa} yes it was bearish support if you trade camarilla system :)

[14:59] {strider} WOR could be a gapper tomorrow...ya think?

[14:59] {Threei} .30 was normal trigger for a C&H break

[14:59] {nemo} there's that word again

[15:00] {nemo} ewww...day old cabernet sauvignon

[15:00] {Threei} add vodka

[15:00] {nemo} yeah

[15:01] {nemo} hold on...

[15:01] {nemo} got a bite to it now

[15:04] {ilana} AMZN short...

[15:05] {strider} really?

[15:05] {nemo} nah

[15:05] {strider} I thought Amazons were all tall.

[15:05] {strider} the women, anyway.

[15:05] {dino} last try lnce sm l .26

[15:05] {nemo} rim shot please

[15:05] {strider} maybe short at .70?

[15:07] {nemo} 200 ma at .40

[15:08] {Threei} dino, you did any better today?

[15:08] {Threei} I am still where I was yesterday

[15:08] {nemo} ilona, was right

[15:08] {nemo} sorry, ilana...I know an Ilona

[15:09] {ilana} biiiig difference

[15:09] {dino} 4 for 6, w/2 open

[15:09] {nemo} could be...don't know...virtual and all

[15:09] {nemo} she's a thin blonde muscovite

[15:09] {dino} nice

06[15:10] * nemo might have been right on amazon

[15:10] {nemo} yeah, but her husband is 220 lbs of death

[15:11] {strider} cripes.

[15:13] {dino} out lnce .47, +.21

[15:13] {strider} good play, dino.

[15:14] {nemo} that just broke through the 200 ma, could go for awhile

[15:14] {dino} ty

[15:14] {strider} MRX

[15:14] {dino} yeah too early, may reload

[15:21] {dino} break of .55 maybe to .74

[15:22] {nemo} starting to get a little volume creep dino

[15:27] {nemo} amzn quite the tease, huh Ilana?

[15:27] {ilana} it is, just following the Qs

[15:28] {nemo} or the spy

[15:28] {ilana} yeah

[15:28] {ilana} out anyway, +.13

[15:29] {dino} fmo

[15:33] {larisa} .

[15:40] {dino} vmi stopped

[15:40] {dino} -.27

[15:40] {strider} short MRX .95

[15:41] {nemo} mos might be an overnight hold

[15:42] {dino} wor sm s .75

[15:42] {Threei} Market Internals update at 3:30pmET

[15:42] {Threei} - NYSE volume 840M shares, about even to its three-month average; advancers lead decliners by 1 2:1.

[15:42] {Threei} - NASDAQ volume 1.89B shares, about 12% above its three-month average; decliners lead advancers by 1.2:1.

[15:42] {Threei} - VIX index -2% to just under 19.00

[15:43] {Threei} VIX under 19... mama

[15:45] {Threei} hard to believe this total absence of volatility

[15:46] {patience} most money i made past few months has been overnight holds....but don't get me started on missing momo

[15:47] {dino} thats been the action otherwise it sits all day

[15:47] {dino} wor cov .64, =

[15:47] {dino} .11

[15:50] {strider} cover MRX +.06 :(

[16:00] {larisa} time to go home

[16:00] {Threei} Ok guysd, another day of nothing is over

[16:00] {Les} night all

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

[16:00] {nemo} ty gn cya

[16:00] {larisa} bye :)

[16:01] {dino} zumz

[16:01] {Threei} and ZIXI

[16:01] {nemo} lotta' market orders on zixi

[16:02] {Threei} ZIXI Reaffirms Q4 $0.01-0.02 v $0.00e, R$7.9-8.1M v $8Me (1.70, 0.00, 0.00%)

[16:02] {dino} raises guidance to .24 from .18

[16:02] {dino} zumz

[16:02] {Threei} ZUMZ Reports Dec SSS 0.3% v -6.4%e; Guides Q4 $0.24-0.27 v $0.22e (had seen $0.18-0.22)