Jan 08 2010

Action normalizes and setups start working as they should ICXT, CYCC, DYAX, couple more... still not pressing too much but profits are being booked again.

Session Time: Fri Jan 08 00:00:00 2010

[08:04] {strider} out CYCC, 3.31, +.76

[08:05] {Threei} oh, I got it - you are crazy

[08:05] {Threei} wtg

[08:05] {strider} watched it aftermarket yesterday. climbed all the way.

[08:07] {Threei} single glance at the daily chart demonstrates that gravity is a myth

[08:07] {strider} It

[08:07] {nemo} not really, once the rocket fuel runs out

[08:07] {strider} IT's worse in some places than others.

[08:09] {strider} It's rolling over now.

[08:09] {nemo} fuel ran out

[08:09] {Threei} scary thought is - it's available for shorting

[08:10] {strider} Too bad Laser's charts don't start till 8AM.

[08:10] {strider} I've got a dinky one that MBT had in beta that starts at 7:30.

[08:11] {strider} had=has

[08:11] {Threei} US) Preview: Dec Unemployment Rate data due out at 8:30am (13:30 GMT)

[08:11] {Threei} - Consensus expectations at 10.0%e v 10.0% prior (analyst range of estimates seen from 9.9% to 10.2

[08:15] {strider} Unemployment in my county is almost 15%.

[08:28] {nemo} must be good report spy popped

[08:29] {Threei} no report yet

[08:29] {nemo} not for us

[08:29] {nemo} tna popping

[08:29] {nemo} yeah interpreted as good

[08:29] {nemo} there go qs

[08:29] {nemo} or it's a setup up to slam when it comes out

[08:30] {nemo} hah!

[08:30] {Threei} *(US) DEC UNEMPLOYMENT RATE: 10.0% V 10.0%E

[08:30] {nemo} paranoid conspiracist me

[08:30] {Threei} so much for the theory that someone got it earlier than us

[08:30] {Threei} *(US) DEC CHANGE IN NONFARM PAYROLLS: -85K V 0KE; CHANGE IN MANUFACTURING PAYROLLS: -27K V -35KE

[08:30] {nemo} not necessarily, had that spike up two minutes before

[08:31] {nemo} yahooo!!!!

06[08:31] * nemo thinks he had too much coffee

[08:31] {Les} time for your vodka shot nemo

[08:31] {Les} GM

[08:31] {nemo} thanks for reminding me

[08:32] {Threei} that woiuld be redundant, considering how much he spikes his coffee with vodka

[08:32] {ese} morning

[08:32] {nemo} Told you, I quit drinking

[08:32] {nemo} intravenously now

[08:32] {Threei} ese

[08:32] {nemo} dude

[08:32] {ese} vad

[08:32] {ese} dude!!!!!!!!!

[08:32] {Threei} LUNA Expands relationship with Intuitive Surgical

[08:33] {nemo} cycc holding well

[08:33] {Threei} SPDE Zargis Cardioscan Cleared for Sale in Canada

[08:34] {nemo} what's oil doing?

[08:34] {Threei} dropped

[08:37] {nemo} wow Qs dropped a whole .11 cents

[08:38] {nemo} there they go

[08:43] {fernp} Good morning everybody

[08:43] {nemo} damn, how do we hop on the down elevator?

[08:43] {nemo} hola fern

[08:43] {fernp} nemo

[08:43] {Threei} fern :)

[08:49] {ese} awwwwwwwe i didn't get the smile face..........sniffle sobb...whine........

06[08:50] * nemo slaps ese around a bit with a large trout

[08:50] {ese} ok i'm better now.......phew

[08:50] {Threei} there is always a smile somewhere deep in my soul

[08:50] {ese} tks vad

[08:50] {Threei} smile... smirk... sarcastic snarl...

[08:52] {Threei} sardonic sneer

[08:52] {nemo} malevolent mirth

[08:52] {nemo} mmhhhh...this is the kind of commentary that usually gets a rise out of Raven

[08:52] {ese} mirth......huh

[08:53] {ese} haven't heard that one

[08:53] {Threei} didn't incorporate that yet nemo, but will add it my arsenal

[08:56] {Threei} this is interesting correspondence in numbers:

[08:56] {Threei} 32% Say U.S. Heading in Right Direction

[08:56] {Threei} 32% Confident Congress Represents Their Best Interests

[08:57] {Threei} have we finally nailed the right ratio of idiots?

[08:57] {nemo} no

[08:57] {nemo} much too low

[08:57] {Les} what about the other 32%?

[08:57] {nemo} good one les

[08:58] {Threei} I don't know nemo... maybe we are in a ballpark:

[08:58] {Threei} 45% Say Random Group From Phone Book Better Than Current Congress

[08:59] {ese} lol

[08:59] {nemo} go figure...bad job report consumer discrtionaries up big

[09:00] {nemo} never mind

[09:00] {nemo} some moron hit market buy

[09:00] {ese} by the way.....the mango tea was great last night vad.....but the vivid description of nemo was even better

[09:00] {Threei} lol

[09:00] {nemo} nice ese...think I'll bite?

[09:00] {ese} well..........thought it was a good try

[09:02] {Threei} I exaggerated a bit ese... that third arm above the right shoulder blade is not that pronounced

[09:02] {ese} rotflol.......ya......even i was bitting on tht one

[09:03] {nemo} haven't got a haircut since Vad last saw me

[09:04] {ese} the wild look is good.....

[09:04] {nemo} what's left of it anyway

[09:04] {nemo} amzn rebounded nicely

[09:07] {nemo} gld, fcx up big

[09:09] {ese} anyone heard any rummors re the non farm payrolls......

[09:09] {nemo} down 85k ese

[09:09] {Threei} rumors?

[09:09] {Threei} *(US) DEC CHANGE IN NONFARM PAYROLLS: -85K V 0KE; CHANGE IN MANUFACTURING PAYROLLS: -27K V -35KE

[09:09] {Threei} - Prior Nonfarm Payrolls revised from -11K to +4K (first positive reading since Dec 2007)

[09:09] {Threei} - Prior Manufacturing Payrolls revised from -41K to -35K

[09:09] {Threei} - Birth death adjustment: +59K v +30K prior

[09:09] {Threei} - 3-month avg (with revisions): -64K v -82K prior

[09:09] {strider} VE CMG SPDE CYTX DB

[09:09] {nemo} cmg..omg

[09:10] {Les} oh crap is that -85k!

[09:10] {nemo} YES!!!

[09:11] {Les} so much for the "paint the good news" conspiracy at the BLS some bloggers were predicting

[09:11] {Threei} you know the price of majority of conspiracy theories

[09:11] {Les} do know

[09:11] {Les} now

[09:12] {Threei} about 1 share of CYCC pre-run per dozen

[09:13] {strider} TEN

[09:14] {Threei} CYTX

[09:14] {Threei} Cytori Therapeutics Inc FDA Grants 510(k) Marketing Clearance for Cytoris PureGraft System

[09:14] {Threei} - The first and only device in the United States cleared for aesthetic body contouring using autologous fat. PureGraft allows a patients own fat tissue to rapidly be prepared in approximately 15 minutes for re-injection back into the same patient for aesthetic contouring.

[09:14] {strider} there ya go.

[09:14] {nemo} so, is that code for breast enlargement?

[09:15] {strider} If that's what you need.

[09:15] {dino} gm all

[09:16] {ese} QQQQ heads for the exit after non farm....then bounces back a little....maybe not so bad

[09:16] {Threei} dino :)

[09:17] {dino} just thinking the naz is still way off 5k

[09:17] {Threei} lol

[09:17] {dino} thought you'd like that

[09:18] {Threei} MTEX Randomized, Double-Blind, Controlled Human Study Finds Mannatechs Ambrotose Complex Improves Cognition and Well-Being (3.00, 0.00, 0.00%)

[09:19] {ese} morning dino

[09:19] {Les} I could use that

[09:19] {dino} gm es

[09:20] {ese} improves what

[09:21] {Threei} - announced the results of a randomized, double-blind, placebo-controlled study that shows healthy middle-aged adults who took one teaspoon of Ambrotose complex1 twice daily performed significantly better on memory tasks and were overall more positive in their mood.

[09:21] {Threei} - The significantly better performance on memory tasks and positive effects on mood experienced by the study participants who consumed Ambrotose complex is congruent with beneficial effects on brain functions.

[09:23] {lasertrev} morning

[09:23] {Threei} trev :)

[09:23] {ese} LT

[09:23] {nemo} mini dave

[09:23] {ese} any thoughts about an opening play on cycc

[09:23] {lasertrev} hi all

[09:24] {Threei} only that it will open

[09:24] {nemo} Captain Obvious...been a loooong time.

[09:31] {ese} apol dino -5pts and change

[09:31] {Threei} ICXT, watching for pullback

[09:32] {Threei} 4:41:37 PM

[09:32] {Threei} OSI Systems Inc. Security related stocks trade higher as President Obama discusses steps being taken to increase airport and anti-terror security

[09:32] {Threei} - Obama confirms he has ordered use of more imaging technologies at airport security checkpoints.

[09:32] {Threei} Long Setup: CYTX .50 break

[09:32] {Threei} if stays above .35

[09:32] {strider} offers thin

[09:33] {dino} jst sm l .50

[09:34] {Les} cycc

[09:37] {fernp} ICXT, Vad?

[09:37] {Threei} wiould like couple more min of consolidation before break

[09:38] {Threei} no cuh luck weh

[09:38] {Threei} such

[09:38] {ese} l apol .65

[09:39] {strider} out OSIS +.10, +.05

[09:39] {ese} out apol .88 +.23

[09:40] {dino} gj

[09:40] {Les} RIMM consolidation

[09:41] {strider} don't care. :)

[09:41] {nemo} not listening

[09:41] {Threei} Long Setup: IXCT 9 break

[09:41] {strider} icxt

[09:43] {nemo} is it a short below .90?

[09:43] {fernp} stop is .80 or .90, Vad?

[09:43] {Threei} if sets up from here, under .90

[09:44] {Threei} US) Preview: Nov Wholesale Inventories due out at 10:00ET

[09:44] {Threei} **consensus expectations: -0.3%e v +0.3% prior (expectations range between -1.0% to +0.5%)

[09:44] {ese} in .04

[09:44] {nemo} missed

[09:46] {Threei} half out

[09:46] {strider} CYCC

[09:46] {fernp} ty very much

[09:47] {Threei} 1/4 more out

[09:47] {ese} out icxt .16 +.12

[09:50] {Threei} gravity doesn't exist in CYCC world {G}

[09:50] {strider} glad to know it's shortable.

[09:51] {Les} lol you shocked me so much with your responses to RIMM remark that I didn't realised I had shorted it

[09:51] {Les} out RIMM +.03 ICXT +.08

[09:51] {strider} put :) at end of my comment.

[09:51] {Les} RIMM was a nice setup.

[09:51] {strider} I've just sworn off RIMM for time being.

[09:52] {Les} oh right, now I get it

[09:52] {Threei} ICXT last portion management: stop to under .10, intend to sell above .30

[09:53] {Threei} strider... you swore off RIMM only to start trading AMZN? now I know the ultimate definition of trader's logic

[09:53] {strider} haha

[09:53] {Threei} :)

[09:53] {Les} FCX consolidation

[09:55] {Les} fcx .60 b/o with a little more consolidation?

[09:55] {strider} AMZN is an abdominal exercise.

[09:55] {nemo} mos consolidating near high

[09:55] {Threei} not sure les

[09:55] {strider} inventories at 10

[09:55] {nemo} bathroom at 9:55

[09:56] {dino} out jst .46, +.94

[09:56] {Threei} ELN Hearing vague renewed takeover chatter circulating

[09:56] {Threei} - JNJ and BIIB both rumored as potential acquirers (7.45, +0.12, 1.64%) (related JNJ BIIB )

[09:56] {dino} opps+.96

[09:56] {strider} wtg dino.

[09:56] {strider} wow

[09:56] {dino} ty

[09:56] {nemo} of course mos breaks

[09:58] {patience} nice start to the day dino

[09:58] {dino} ty, lucky, and way soon

[09:58] {ese} l grmn .68

[09:58] {dino} thought it would pull back, but mkt went up

[09:59] {Threei} AIG Certain US Congressmen reportedly seeking hearings on bailout disclosures; with Geithner to testify (29.88, +1.30, 4.55%) (related GS )

[09:59] {dino} this mess would be over if they let capitalism do its job

[09:59] {patience} no kidding

[10:00] {nemo} never has happened

[10:00] {Threei} US) NOV WHOLESALE INVENTORIES: 1.5% V -0.3%E

[10:02] {Les} RIMM .20 b/d

[10:02] {fernp} ALL valid breakout, Vad?

[10:03] {fernp} daily is nice 31 break

[10:03] {Threei} yes

[10:03] {ese} out .55 -.13

[10:03] {nemo} well, nothing holding this market back

[10:04] {Threei} XING?

[10:04] {strider} whoosh!

[10:10] {strider} LDK

[10:10] {Threei} LDK Ticking higher, hearing takeover chatter circulating (7.96, +0.03, 0.38%)

[10:12] {dino} rog

[10:14] {dino} gap fill

[10:15] {Threei} US Labor Sec Solis: President Obama will speak about tax credits and other initiatives to jumpstart economy later today

[10:15] {Threei} - Note: The WSJ reported earlier that Obama was to discuss new funding for manufacturing operations at the post NFP press conference; scheduled for 2:40amET

[10:16] {Threei} new funding eh

[10:16] {dino} azz

[10:16] {Threei} so much for letting capitalism work

[10:16] {dino} sm l rog .00

[10:16] {Threei} they learn nothing... their logic is:

[10:16] {Threei} if we do something and it doesn't work - let's do more of it

[10:17] {dino} we need suppy side econ

[10:17] {dino} and my azz was a stock

[10:17] {nemo} not popular among lefties

[10:18] {strider} personally, I'm ambidextrous

[10:18] {dino} fcn\

[10:18] {nemo} time for the opposable thumb joke

[10:19] {dino} gpn beats, raises and falls

[10:20] {Threei} Long Setup: XING .70 break

[10:21] {Threei} .65 support for hardcore scalpers

[10:21] {Threei} .60 for day traders

[10:21] {nemo} huge orders .75

[10:21] {nemo} offers

[10:22] {strider} immu

[10:22] {Les} seed going momo?

[10:23] {Threei} IMMU Potential Lupus Drug Gains U.S. Patent

[10:23] {Threei} - The patent covers the use of monoclonal antibodies that bind to the CD22 antigen on B-lymphocytes

[10:23] {dino} rog stopped whooshed

[10:23] {strider} long XING .71

[10:23] {Threei} certainly trying

[10:23] {Threei} CYTX... grrr

[10:24] {Threei} it reestablished setup, wasn't watching it

[10:25] {Les} AIG .40 B/D?

[10:26] {Threei} I doubt it, feels rather like bounce to me

[10:26] {Les} K

[10:27] {fernp} SNSS mags

[10:27] {strider} big offers all the way down, XING

[10:27] {Threei} don't see any news SNSS

[10:28] {Threei} a lot of cheap crap flies high

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

[10:28] {Threei} bull market must be coming to an end

[10:28] {Les} insiders whipping up day traders appetite you mean?

[10:28] {fernp} no news here SNSS

[10:28] {dino} strike action imo, look at the 5s and 0s

[10:28] {Threei} insiders?

[10:29] {Les} whoever

[10:29] {dino} magoo out

[10:29] {Threei} you don't really think insider are buying CYCC at 4?

[10:29] {dino} no

[10:29] {Les} who is whipping up this feeding frenzy?

[10:29] {Threei} who cares?

[10:29] {Threei} why does it matter?

[10:30] {nemo} How the hell would you find out anyway?

[10:30] {Threei} and if you did, what does it change?

[10:30] {nemo} nichts, nada, zip, zed, zero

[10:30] {dino} les, nothing matters

[10:30] {nemo} nihilism

[10:30] {Threei} it's a well known phenomena:

[10:30] {strider} nihilism matters

[10:30] {dino} what you call me, :)

[10:31] {Threei} small caps, especially crappy ones with fundamentals of a broken fridge,un at the end iof the bull market

[10:31] {Threei} nothing new about that

[10:32] {Les} ok. that was what I was trying to understand

[10:32] {Les} how you could call possible end of bull market

[10:32] {Threei} you can't

[10:32] {Threei} not to the day or to the point

[10:33] {Les} but a good red flag for me to understand nonetheless

[10:33] {Threei} you build reasonable expectations based on experience and history, then you wait for technical formations to confirm

[10:33] {Les} k

[10:33] {dino} rog messed w/me

[10:34] {Threei} CYTX, how did I miss that

[10:35] {Threei} whew, finally

[10:35] {dino} end or correction? i see 7-10% dropis all

[10:35] {Threei} out DYAX 3.79

[10:36] {Threei} took way longer than I wanted

[10:36] {strider} you held it two nights.

[10:36] {Threei} yeah

[10:36] {Threei} 5K too

[10:36] {Les} I wish I had communicated with you for stop on DYAX.

[10:36] {Les} cost me a penny in stops

[10:37] {fernp} stopped XING

[10:37] {dino} rog last try sm l .99

[10:37] {Threei} yeah

[10:37] {strider} stopped 1/2 XING

[10:39] {Threei} DYAX may have remembered that it was assigned 9 target

[10:39] {strider} -.06

[10:43] {strider} long HOG .44

[10:43] {nemo} wouldn't be a day without it

[10:43] {Threei} lol

[10:43] {nemo} tck just goes

[10:43] {dino} lol

[10:44] {dino} ride that pig

[10:44] {strider} didn't trade it yesterday.

[10:44] {nemo} kiddin'?

[10:44] {strider} nope

[10:47] {dino} 4 years and i buy one, mid-life crisis planning

[10:47] {nemo} they'll be outlawed as....yuk yuk....gas HOGs

[10:47] {dino} lol

[10:48] {Threei} this is good idea dinio, why waste perfect middle life crisis

[10:48] {dino} already warned my wife

[10:48] {nemo} ah fdx bounced at 200 ma. it's there now

[10:48] {Threei} yup - red sport cabriolet and 23 years old blond mistress

[10:49] {Threei} that's my planning

[10:49] {strider} stopped HOG

[10:49] {dino} fdx crazy trader, 82-40 to 85 every day

[10:49] {strider} I"m not getting fills on Listed through Nasdaq.....

[10:49] {dino} -=.

[10:49] {nemo} fits you perfectly dino

[10:49] {strider} Help, Trev.

[10:50] {lasertrev} same as before?

[10:50] {nemo} place your order a couple of cents above on buys and a couple of cents below on sells...you'll get the best available price strider

[10:50] {strider} repeat: I'm not getting executions using nasdaq on listed stocks.

[10:51] {nemo} period?

[10:51] {strider} Trev, can you tell me how to set up options so that works.

[10:51] {lasertrev} pm

[10:51] {strider} If the best bid is not available on nas, I'm not getting it.

[10:52] {Les} vicious snapback from $ after this morns job reports

[10:52] {dino} zany

[10:54] {Les} fcx .34 b/o vad?

[10:54] {Les} hod

[10:54] {strider} Vad, didn't you say you used Nasdaq for listeds?

[10:56] {Threei} yes

[10:56] {Threei} why?

[10:56] {dino} out rog .40, +.41

[10:58] {ese} l bucy .55

[10:59] {ese} ouch......almost stopped in an instant

[11:00] {strider} Vad, I had only ARCA and INET checked under Route out. I thought that was routing out OF those ECNS. Trev tells me that it means any order will be routed TO those ECNs.

[11:01] {strider} Not much detail in the instructions on software.

[11:02] {dino} ttec

[11:02] {Threei} I have them all cvhecked

[11:02] {strider} So do I, n ow.

[11:02] {Threei} my orders swipe everything in sight

[11:02] {Threei} not discriminating agaionst anyone

[11:02] {strider} I misunderstood what checking the boxes did.

[11:03] {Threei} I don't even ytry to understand

[11:03] {dino} solid green scanners

[11:03] {Threei} I want everythin g to hit everything

06[11:03] * strider slaps Threei around a bit with a large trout

[11:03] {strider} Even that?

[11:03] {Threei} checking those boxes does just that

[11:03] {Threei} well

[11:03] {Threei} whatever rocks your boat

06[11:04] * Threei slaps strider around a bit with a large paddle for his boat

[11:04] {strider} XING could rock my boat, if it really wanted to.

[11:05] {dino} gpn wants to test lows

[11:05] {Les} AIG .25 b/d w .40 stop?

[11:06] {Threei} can't twell

[11:06] {Threei} not active enough

[11:06] {dino} odfl going for gap fill

[11:06] {Les} k

[11:07] {ese} stopped bucy .38 -.17 daaaaaaaaaaaaaaaa!!!!!!!!!!!!!1

[11:08] {dino} joyg took off

[11:09] {dino} ulta

[11:11] {ese} and ya know dino.......i was tossing up bucy and joyg......daaaaaaaaaaa!!!!!!!1

[11:11] {dino} they trade like "pulp"

[11:12] {dino} rinses

[11:12] {ese} definetly

[11:12] {dino} "pulp moves baby"

[11:14] {fernp} this time worked XING (same idea) ty Vad

[11:14] {Threei} :)

[11:14] {nemo} seed active again

[11:18] {ese} Lapol .59

[11:19] {strider} big offer at .80 XING

[11:19] {strider} would that cause you to exit at .79, vad?

[11:20] {Threei} depends... no straight answer

[11:20] {Threei} momo movers tend to eat those offers like they haven't had lunch in a week

[11:20] {strider} XING is momo?

[11:21] {dino} missed odfl by .08

[11:21] {Threei} started as such, look at around 10 am

[11:21] {strider} yeah

[11:22] {dino} fcn stopped -.35

[11:23] {Les} l fcx .71

[11:23] {Les} stop .60

[11:25] {dino} what the heck fcn

[11:26] {dino} same move rog did

[11:26] {Les} all out .80 +09. I see spy has some resistance to push through

[11:26] {strider} out -.03 balance of friggin XING

[11:26] {dino} jst contnues to recover

[11:28] {strider} dino, whatcha think of DMAN?

[11:28] {dino} you are d'man

[11:28] {Threei} rofl

[11:28] {strider} aw, geez

[11:28] {fernp} wow XING

[11:28] {dino} beat

[11:29] {nemo} fdx boys and girls

[11:29] {strider} XING blows

[11:29] {Threei} Logan Airport (Boston) temporarily closed due to Delta Connection airliner evacuation - CNN

[11:29] {Threei} - 28 people were on board; evacuation due to smoke in cockpit.

[11:29] {Threei} - Airport official comments that a suspicious smell in the incident may have been from de-icing fluid.

[11:29] {dino} i like it around 7.50 on a retest. that seems to be pattern today

[11:29] {strider} thx

[11:30] {strider} btw, you are D-Man

[11:30] {dino} at least thats how i'm getting rinsed

[11:30] {patience} would it be too much to ask for some definitive movement in the market today.....3 trades so far....all poor entries on my part....arghhhhhh!!!!!

[11:30] {dino} fdx wants that 82.40 area i mentioned earlier

[11:30] {dino} lol

[11:30] {strider} {--------------phoning in pizza delivery for patience.

[11:31] {patience} ty strider

[11:31] {strider} At least that will make you feel better.

[11:31] {dino} lol patience, last 3 days busy as hell here

[11:31] {patience} i'll eat it on the treadmill while i'm watching my trades lose money

[11:32] {strider} I'm 1 for 3 here...+ an overnight win.

[11:39] {Les} one day i'll learn to fade

[11:40] {Les} spy failed to break resistance, fcx went with it. sigh

[11:41] {ese} out apol .73 +.14 6k of the little buggars

[11:41] {dino} wtg

[11:42] {magoo} ello mates

[11:42] {ese} tks......bizzare couple of days here

[11:42] {ese} mmmmmmmaaaaaaagggggggoooooooo!!!!!1

[11:42] {Threei} hey mags

[11:43] {Threei} missed couple momos...

[11:43] {Threei} ICXT was totally for you

[11:43] {magoo} ya ya..had to plow

[11:44] {Threei} snow?

[11:44] {dino} who?

[11:44] {Threei} lol

[11:44] {magoo} no..women lol

[11:44] {nemo} reminds me of a joke

[11:44] {Threei} don't

[11:45] {nemo} just remember to edit around 11:45

[11:45] {nemo} I told it before anyway

[11:45] {dino} jst feels like it wants to explode up

[11:45] {nemo} joyg migh be long here ese

[11:45] {nemo} getting near lunch though

[11:46] {ese} tks nemo

[11:48] {nemo} there ya go ese

[11:48] {nemo} .15 or so 20k of the little buggers, you're golden

[11:50] {dino} jst

[11:50] {ese} nice move joyg nemo

[11:50] {nemo} pure price volume read

[11:51] {dino} gj nemo

[11:54] {nemo} gotta' head out for a little bit...folks...fdx been giving clear signals, it's been on a downward wedge..at crossroads here

[11:54] {dino} cya

[11:54] {fernp} bye nemo

[11:56] {Les} thanks man

[11:59] {dino} fcn retry ,.01 sm l

[11:59] {fernp} when do you go to Bahamas, Vad? this weekend or the next one?

[12:00] {Threei} Thursday

[12:00] {fernp} k

[12:00] {Threei} and the week after is going to be a short one

[12:00] {Threei} so you are not even going to start missing me

[12:00] {fernp} :-)

[12:00] {Threei} before I as a bad dream is back

[12:01] {Threei} "I is" or "me are"? which is correct?

[12:02] {fernp} dont know, but i understand you :-)

[12:03] {strider} short AMZN .91

[12:03] {Threei} that should scare you fern

[12:03] {fernp} lol

[12:04] {Les} short AIG .30 for a daytrade stop .40

[12:04] {Threei} DYAX exit is 2 cent below high

[12:05] {Threei} how's that for precision

[12:05] {Les} it obviously forgot its price target

[12:06] {Threei} oh well... memory of a moth, even very karge moth, is still short

[12:06] {Threei} very large moth - reread The Best of Dino

[12:07] {Threei} which today got replenished with

[12:07] {Threei} [11:28] {strider} dino, whatcha think of DMAN?

[12:07] {Threei} [11:28] {dino} you are d'man

[12:11] {dino} lol

[12:13] {ese} l joyg .19

[12:14] {ese} out joyg .32 +.13

[12:15] {Les} nice one

[12:16] {dino} watching abfs, cnwe, odfl, as fdx took off

[12:16] {dino} also kss off of .00

[12:16] {dino} cnw

[12:17] {dino} odfl filled

[12:17] {dino} open gap that is

[12:18] {Les} AIG rinseout

[12:19] {Threei} look at all the crap rushing in with news:

[12:19] {Threei} HYGS Awarded development contract with Canadian Space Agency

[12:19] {Threei} - Contract is for the development of a next generation power system to be used for surface mobility ... (0.48, +0.04, 9.09%) more...

[12:19] {Threei} NEXM Provide corporate update

[12:19] {Threei} - expects to hear from Health Canada concerning the approvability of its New Drug Submission (NDS) f... (0.32, -0.00, -0.16%) more...

[12:19] {Threei} Market Internals update at 12:00pmET

[12:19] {Threei} - NYSE volume 410M shares, about 8% below its three-month average; decliners lead advancers by 1.4:1.

[12:19] {Threei} - NASDAQ volume 970M shares, about 8% above its three-month average; advancers lead decliners lead advancers by 1.2:1.

[12:19] {Threei} - VIX index -2.75% to just over 18.50

[12:19] {ese} tks nemo by the way for the heads up on joyg

[12:20] {Threei} what is the VIX all time low?

[12:22] {Les} http://up.wbe02.mibbit.com/up/kqz6vtUj.gif

[12:22] {strider} 0

[12:22] {Les} 10 looks about it

[12:23] {dino} next week option exp. should get vix moving

[12:24] {patience} will be welcome

[12:25] {patience} silver wheaton up today after stopping me out yesterday....i'm in hudbay today which is snoring soundly.....oh sigh

[12:26] {dino} patience i had esi on tues. at 94, sold for slight loss, now over 100

[12:27] {strider} Maybe I'll follow Patience' lead, and move my exercise bike up from the basement.

[12:27] {patience} the problem in entries is me,i know how to read charts and movements

[12:28] {strider} AMZN can take a long time to work out.

[12:28] {patience} i'm on the treadmill now....2 hours during the market...might as well do something productive

[12:29] {dino} 2 mile walk every morning w/dog

[12:29] {dino} -5lbs since new year

[12:29] {strider} I've got some dumbbells here. Can only do so much of that.

[12:29] {strider} Your dog lost 5 lbs.?

[12:29] {Les} ?

[12:29] {dino} bowflex and treadmill in office

[12:29] {dino} lol

[12:30] {patience} setting up screens in front of treadmill so it doesn't obscure bnn was challenging

[12:30] {strider} My little office really isn't big enough for all that stuff.

[12:30] {dino} half to walk down hall, but at 4:00 bowflex

[12:30] {patience} i have rowing machine, bike, stairmaster, weights, treadmill.....i'm motivated

[12:30] {strider} Maybe I'll just think about patience on the treadmill. Think that will be as good?

[12:31] {dino} indeed

[12:31] {nemo} back, anybody get fdx break?

[12:33] {dino} fcn stopped again, off my screen

[12:34] {fernp} bizarre week

[12:35] {strider} don't much like this AMZN. Holding too well.

[12:38] {nemo} mos break .40?

[12:38] {nemo} although breaks at lunch....ehhh

[12:39] {strider} There you go, talking to yourself again.

[12:39] {nemo} volume right though

[12:39] {strider} AMZN bid at .37

[12:39] {nemo} only person with whom I can have an intelligent conversation

[12:40] {strider} harumph!

[12:41] {Les} fdx 84 b/d

[12:42] {nemo} frickin' mos breaking out at lunch like that

[12:43] {nemo} worth a try if this volume can't move the stock up...same caveat about lunchtime break down

[12:44] {nemo} qs and spy might break out though

[12:44] {Les} yeh can see that. will do dinner instead

[12:44] {strider} out AMZN .37 +.54

[12:45] {fernp} gj

[12:45] {strider} abs of steel.

[12:45] {dino} wtg

[12:45] {strider} thanks.

[12:49] {dino} gpn lod

[12:50] {strider} back in a few.

[12:54] {nemo} what a recovery UPS raising guidance cutting 1800 jobs

[12:55] {ese} ahhhh nemo your back.....thanked you earlier for the heads up on joyg.....went for the .20 break ..filled .19 sold .33

[12:55] {nemo} kewl

[12:55] {nemo} fdx had a nice break right after I left

[12:55] {ese} Q..all......

[13:01] {nemo} interesting chart bbby

[13:04] {Threei} AIG White House Pres Sec: US Treasury's Geithner was not involved in the AIG emails from the NY Fed; Geithner has the confidence of the President (29.20, +0.62, 2.17%) (related GS )

[13:04] {Threei} Hearing Lazard making positive comments on alternative energy names (timing uncertain) (related TAN FSLR TAN GRID ITRI YGE CREE )

[13:04] {dino} gpn sm l .71

[13:06] {fernp} CAT long cosolidation on highs

[13:10] {Threei} 59% Favor Racial, Ethnic Profiling For Airline Security

[13:14] {nemo} amzn back over the 132 threshold

[13:14] {nemo} will probalby test 133

[13:14] {nemo} 133.20

[13:15] {strider} you buyin?

[13:15] {nemo} no, I wasn't looking

[13:16] {nemo} last buyin would have been .90 but .35 stop too much

[13:18] {dino} gpn stopped -.24

[13:18] {Les} LVS

[13:19] {dino} plce hod

[13:20] {Les} AIG gave ideal b/d after rinseout.

[13:21] {dino} kss at trig

[13:21] {strider} this may be a goofy trade, but: long VE .37, for swing.

[13:21] {strider} stop under .00

[13:22] {strider} will appraise at eod, for o/n hold

[13:34] {ese} gotta go all....have a great weekend

[13:34] {strider} you too, ese.

[13:34] {Threei} take care ese, have a good one

[13:34] {strider} beat those drums.

[13:34] {fernp} bye ese

[13:34] {Threei} and drummers

[13:35] {dino} cya es

[13:35] {Les} bye ese

[13:35] {dino} dji wants green

[13:36] {Threei} Fed's Lacker: Commercial Real estate likely to be a sizeable drag on growth in near term; housing and auto sector no longer causing a drag for growth

[13:36] {Threei} that's a bild statement

[13:36] {Threei} bold

[13:37] {dino} what world does he live in

[13:37] {strider} I don't understand why SRS doesn't go up.

[13:37] {Threei} ummm

[13:37] {Threei} because market doesn't go dopwn?

[13:38] {Threei} what do you think SRS is? :)

[13:38] {nemo} financials are a big part of srs

[13:38] {strider} ultrashort real estate

[13:38] {nemo} has many of the components of skf

[13:38] {Threei} so why would it go up?

[13:39] {dino} reits have been doing very well

[13:39] {strider} because of lagging realestate?

[13:39] {dino} talking heads strider the big reits are rocking

[13:39] {strider} But isn't commercial doing poorly?

[13:40] {nemo} so isn't the economy...what's your point?

[13:40] {dino} not the stocks

06[13:40] * nemo slaps strider around a bit with a large trout

06[13:40] * nemo slaps strider around a bit with a large trout

[13:40] {dino} residential is the drag

[13:40] {strider} eat a fish, nemo.

[13:41] {nemo} that's cannabilism to me

[13:41] {strider} .what's your point?

[13:41] {nemo} har har har

[13:42] {strider} I keep watching SRS, and O (the stock) waiting for a dump. Just simple minded, I guess.

[13:42] {nemo} there's no reason for stocks to go down, no other alternatives

[13:43] {strider} live in igloos.

[13:43] {nemo} have to make new ones every year

[13:43] {strider} Or you could rent my rental house. IT's empty.

[13:45] {dino} strider, most of the big "commercial" real estate companies issued equity months ago, they are fine and moving up

[13:45] {nemo} besides...they know they'll get bailed out because they're backed up by the big banks

[13:45] {dino} it is the banks dumping the houses that remains the problem, imo

[13:46] {nemo} or not dumping them

[13:46] {dino} i think equity issuance took care of that nemo

[13:47] {nemo} yeah, they don't have to, so no write offs to reserve ratios

[13:49] {strider} OK.........obviously I don't understand such stuff.

[13:49] {nemo} Vad'll explain it to you

[13:50] {strider} you mean trades AND knows stuff?

[13:50] {strider} he

[13:50] {nemo} amazing fellow that Vad

[13:50] {dino} he's the wizzard of oz

[13:51] {Threei} I know no stuff

[13:51] {nemo} surely you jest

[13:52] {dino} gpn last try .50 sm l

[13:53] {strider} I think I'll start taking dino's trades that he calls "last try".

[13:54] {nemo} perfect volume formation

[13:56] {nemo} tck at support

[14:00] {fernp} FAZ, Vad?

[14:03] {Threei} looks tempting

[14:03] {dino} ftnt

[14:05] {dino} news ftnt?

[14:06] {Threei} nothing since Jan 6

[14:06] {dino} which wasn't much

[14:10] {Threei} Fed's Lacker; Must be careful on timing of withdrawal of monetary stimulus

[14:10] {Threei} Market Internals update at 2:00pmET

[14:10] {Threei} - NYSE volume 585M shares, about 8% below its three-month average; decliners lead advancers by 1.1:1.

[14:10] {Threei} - NASDAQ volume 1.43B shares, about 10% above its three-month average; advancers lead decliners lead advancers by 1.3:1.

[14:10] {Threei} - VIX index -4.5% to just over 18.00

[14:12] {Les} Vad, GS .10 b/d with .25 stop?

[14:12] {Threei} small shares

[14:12] {Threei} volatile one

[14:13] {ilana} HGSI b/d?

[14:14] {Threei} no idea... no read on tis one at all

[14:23] {strider} ebitda.......sounds like Elmer Fudd talking.

[14:23] {dino} cnw sm l .00

[14:25] {dino} wow selleres at .00 gpn

[14:25] {nemo} yeah

[14:25] {dino} buyers too, lol

[14:25] {dino} thing is scrolling

[14:26] {nemo} which ones are the saps?

[14:27] {dino} not i, i hope

[14:27] {strider} you long, dino?

[14:29] {dino} yes from .50 posted above

[14:29] {strider} good deal.

[14:29] {dino} can't get thru .00

[14:29] {strider} gonna have to buy more.

[14:30] {dino} stop to .97

[14:30] {nemo} lotta buying of bid, but supply keeps coming

[14:30] {Les} out GS -.03. botched the entry. don't like it jumping around like a jelly bean

[14:30] {strider} there ya go.

[14:31] {dino} :)

[14:32] {dino} to .06

[14:32] {nemo} why not .00?

[14:33] {dino} a .10 same thing

[14:33] {dino} stopped +.56

[14:34] {dino} ftnt fell w/o me, wanted re-test

[14:34] {strider} gj

[14:35] {dino} ty

[14:35] {fernp} i like your stops, dino gj

[14:40] {dino} thx

[14:42] {strider} where is the close today, higher or lower?

[14:44] {dino} here

[14:44] {dino} vad, how'd we miss cal short?

[14:44] {strider} vad's already in the Bahamas.

[14:45] {Threei} I wish

[14:45] {strider} in thought.

[14:45] {dino} clw

[14:46] {dino} thin

[14:46] {strider} no news here

[14:46] {Threei} it looks bottoming to me dino

[14:46] {Threei} CAL

[14:49] {dino} maybe, not really moving tho

[14:49] {dino} fcn capit phase maybe

[14:49] {strider} move VE stop to .35, entry .37

[14:50] {Threei} with market still locked, no clear play, but may forma range, say 20-20.07

[14:50] {dino} agree, w/size and lod stop

[14:52] {strider} Schwarzennegger will ask Washington for %.9B in aid.

[14:52] {strider} 6.9

[14:52] {dino} plce triggered

[14:53] {fernp} Have a nice weekend everybody. See you all on Monday.

[14:53] {dino} theres .07

[14:53] {Threei} take care fern

[14:53] {strider} adios, fern.

[14:53] {Les} bye fern

[14:53] {dino} u2 fern

[14:53] {nemo} vaya con...

[14:54] {strider} Vad, curious thing on VE. Lots of buying above BO. Very slow stock, so don't understand why.

[14:54] {Threei} let me observe

[14:56] {nemo} what time the rally start Dino?

[14:58] {Threei} Key West temperatures break 131 years old record low

[14:59] {strider} I think maybe somebody was buying at market.

[15:00] {dino} 3:05-3:20, but i think we close about here

[15:00] {Threei} Fed's Lacker: Favors asset sales in exit policy; but it is possible that the interest rate on excess reserves could act as new policy target - comments to reporters

[15:00] {Threei} - Notes Fed is still discussing which tools and what sequence would be best for exit strategy.

[15:00] {Threei} - Low and stable inflation is the best environment to foster growth.

[15:00] {Raven} lots of broked pipes in Key West I bet

[15:00] {dino} global warning, lol. we'

[15:01] {Raven} broked?

[15:01] {Raven} jeeze

[15:01] {nemo} thangy

[15:01] {Threei} contagious, aren't we

[15:01] {strider} I didn't want to say anything.

[15:01] {nemo} o.k. cracking a bottle of something

[15:01] {patience} get that bird a martini

[15:01] {strider} figgured it was a Michigan thing.

[15:01] {nemo} cognac

[15:01] {nemo} works for me

[15:01] {Raven} yes ... patience !!!

[15:02] {nemo} I got a shotgun? :)

[15:02] {dino} had one last night watching tv

[15:02] {Raven} I have several shotguns

[15:02] {strider} Do Ravens eat crow?

[15:02] {nemo} skip it...go with the heavy barrel model 70 in '06

[15:02] {Raven} occasionally

[15:03] {dino} i was talking maryini

[15:03] {Threei} who would want a heavy barrel model

[15:03] {dino} ]martini

[15:03] {nemo} long distance work

[15:03] {Raven} a goose hunter'

[15:03] {dino} but yeah, couple shotguns too

[15:03] {nemo} started snowing like hell here

[15:04] {nemo} 10 gauge?

[15:04] {dino} we had 3" of snow last night nemo, sending it to yoiu

[15:04] {patience} my waterfront back garden is forming again

[15:04] {nemo} 31/2"

[15:04] {Threei} US) Nov Consumer Credit (y/y): -$17.5B v -$5Be (10th straight decline)

[15:04] {Threei} - prior revised from -3.5B to -4.2B

[15:04] {strider} There, vad. Offer was at .38, sale at .389

[15:04] {Threei} yup, see it

[15:04] {Threei} just lkate prints I think

[15:04] {Threei} late

[15:04] {strider} Oh.

[15:05] {Threei} 9/10 of a cent

[15:05] {Threei} who cares

[15:05] {strider} {-------consulting Nostradamus for esoteric meaning.

[15:05] {nemo} of what?

[15:05] {strider} pay attention.

[15:06] {strider} out of market sales.

[15:06] {nemo} palm up big

[15:06] {nemo} didn't get the nostradamus relationship

[15:07] {strider} wasn't any.

[15:07] {Les} anyone have a name for MS' chart formation?

[15:07] {strider} pointy thing.

[15:07] {Les} teepee? Mountain?

[15:07] {Threei} yup... cobra's hood

[15:07] {Raven} pointy thang?

[15:07] {nemo} that

[15:07] {nemo} that's impressive

[15:08] {Threei} pointy thong?

[15:08] {Raven} hmmmm

[15:08] {nemo} must be friday...we're losing it

[15:08] {nemo} lets see if amzn makes a liar out of me and doesn't make it to 133...today

[15:13] {dino} there's your rally nemo

[15:13] {Threei} guess who is on TV

[15:13] {nemo} Nancy Kerrigan

[15:14] {strider} Conway Twitty?

[15:14] {nemo} Shania Twain

[15:14] {strider} and the Twitty Birds?

[15:14] {Les} Og Mandino?

[15:14] {Les} haha you know its friday

[15:14] {nemo} I'll have to look that one up

[15:15] {Threei} hah

[15:15] {Threei} create jobs that "can't be outsourced"

[15:15] {nemo} GFL

[15:15] {dino} lol

[15:16] {strider} short GFL, .00

[15:16] {Les} FAS is range bound. Might be topping out here. or b/o

[15:16] {strider} Vad, any news on Palm?

[15:17] {Threei} nothing fresh

[15:18] {Threei} US President Obama: Jobs report today highlights that the Road to recovery is 'never straight'; confirms Clean Energy initiative

[15:18] {Threei} - highlights DOE plan announced earlier for $2.3B in job credits designed to create 17K jobs

[15:18] {Threei} - Reminder: Recovery Act investments of up to $2.3B for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4B in private sector funding likely supporting up to 41,000 additional jobs.

[15:18] {strider} thks

[15:20] {dino} a whole 17k jobs, joke

[15:20] {Threei} at the price tag about 13-14K per job

[15:21] {dino} guys' an idiot

[15:21] {Threei} so, let's see... US lost this year how many jobs?

[15:21] {Threei} about 15 mil?

[15:21] {Threei} multiply that

Session Close: Fri Jan 08 15:22:06 2010

Session Start: Fri Jan 08 15:22:06 2010

Session Ident: #discussions

02[15:22] * Disconnected

02[15:27] * Attempting to rejoin channel #discussions

03[15:27] * Rejoined channel #discussions

[15:27] {Threei} lost connection

[15:30] {strider} Better than lost in translation.

[15:31] {nemo} Scarlett Johanssen

[15:31] {strider} Though that was a very good movie.

[15:31] {strider} YES.

[15:31] {strider} And one of my favorites......A Love Song for Bobby Long.

[15:31] {strider} Johanssen.

[15:31] {nemo} oh yeah, that was good

[15:32] {dino} hottie

[15:32] {dino} jst c'mon

[15:32] {nemo} understatement

[15:32] {nemo} jeezus, amazon's gonna make a liar out of me by .03

[15:33] {strider} Maybe not. AMZN tries to have a price that's right for everyone.

[15:34] {dino} out jst .61, +.61

[15:34] {strider} you're rockin today dino.

[15:35] {dino} just lucky

[15:35] {dino} lots of big moves, my kind of trading

[15:36] {ilana} lol, lucky... love when you say that every single winning trade

[15:36] {dino} you know what i think larisa

[15:36] {ilana} almost larisa

[15:36] {dino} profits = luck, losses = skill

[15:36] {dino} oops sorry ilana

[15:37] {dino} eyes tired

[15:37] {strider} there was a print of .38 with .35 as offer.

[15:37] {strider} VE

[15:38] {strider} Must be late.

[15:38] {nemo} there it is

[15:38] {dino} long week

[15:38] {strider} Is that common?

[15:38] {dino} c'mon plce

[15:38] {Threei} Market Internals update at 3:30pmET

[15:38] {Threei} - NYSE volume 735M shares, about 12% below its three-month average; decliners lead advancers by 1.1:1.

[15:38] {Threei} - NASDAQ volume 1.8B shares, about 7% above its three-month average; advancers lead decliners lead advancers by 1.3:1.

[15:38] {Threei} - VIX index -3.75% to just under 18.50

[15:39] {Les} woha pimp my market

[15:40] {strider} There's your AMZN price, nemo

[15:41] {strider} something for everyone.

[15:41] {nemo} [15:38] {nemo} there it is

[15:41] {strider} oh, well.

[15:42] {dino} plce to .25

[15:42] {dino} now somebody give cnw a boost

[15:42] {Threei} Short Setup: CYCC 2.98 break

[15:43] {dino} nemo, i was wrong on rally

[15:44] {nemo} we both knew it was coming

[15:44] {dino} did not expect this much

[15:45] {nemo} I did...what is the most frustrating thing at the end of a long week of grinding up

[15:45] {nemo} rally

[15:45] {dino} hmmm, i was thinking empty bottle

[15:45] {nemo} that's easy to remedy

[15:45] {dino} to .30

[15:46] {dino} out plce .30, +.30

[15:46] {strider} luv dem roun numbas

[15:47] {Threei} {roun numba} we luv you too stridee

[15:47] {dino} i don't think cnw has it in it

[15:48] {strider} thankee, vad.

[15:49] {dino} lol had open buy order on clw still in, just saw it (54.75)

[15:50] {dino} 181 eagle classic rock, really good today

[15:51] {dino} cnw to .07

[15:53] {ilana} cycc - classic salmon, nice one, vad

[15:53] {dino} out +.07

[15:53] {dino} lunch $

[15:53] {Threei} too close to eod ilana

[15:54] {ilana} yup, no time for development

[15:54] {patience} another flat day....

[15:55] {dino} up 5 in row, but running light still

[15:55] {dino} deck

[15:55] {ilana} "light"?

[15:55] {nemo} not making his numbers

[15:55] {ilana} ooooh

[15:55] {dino} yeah, about 65% of min.

[15:56] {dino} gave too much back m, w, th

[15:57] {patience} geither/aig story has legs...let's see spin on this over the weekend....something to cheer me up :)

[15:57] {Threei} I will drink happily when he is kicked out

[15:57] {dino} maybe spitzers gal is involved

[15:58] {dino} nemo you had fdx dialed. never hit my 82.40

[15:59] {patience} honestly, alternative energy announcement today made me laugh out loud, talk about Rome burning

[15:59] {Les} guess Americans didn't want to be left behind European initiative to create trans continental grid

[16:00] {dino} he doesn't get reality patience. he'd rather thos than get people working. this stuff costs jobs

[16:00] {Les} ty vad. bon weekend a tous

[16:01] {dino} very simple solution, cut regulations, stop thios heath care bill, lower taxes (or as john galt would say, "get out of the way")

[16:01] {patience} et vous Les

[16:01] {Threei} thank you all

[16:01] {Threei} have a good weekend

[16:01] {magoo} u 2 vad

[16:01] {nemo} P&Q

[16:01] {strider} thanks, vad. see you monday

[16:02] {Threei} "get out of the way" is exactly it dino

[16:02] {Threei} and exactly what they'll never do

[16:03] {dino} seriously, all of these new regulations, unbelievable. i have buddies that employ 20-30 each and they are not hiring because of these new costs (heath, cap & trade, higher taxes, etc)

[16:05] {Threei} only crazy would risk expanding in this climate

[16:05] {dino} exactly

[16:05] {dino} anyway, gotta hop, take care all