Jan 11 2010

Quiet and boring once again, with the exception of SEED that got nice rocket-like move off the news. Other than that, setups mostly worked 50/50, maybe 51/49 at best.

Session Time: Mon Jan 11 00:00:00 2010

[08:02] {strider} ACI

[08:02] {nemo} pick a resource stock strider

[08:04] {nemo} many of them are breaking out of long=term bases

[08:04] {nemo} -

[08:09] {strider} Fly just gave the symbol for Helen of Troy as HELL

[08:09] {nemo} HELLenic

[08:10] {nemo} o.k....maybe it's a little early to have started drinking

[08:16] {nemo} cycc

[08:16] {strider} CYTX also

[08:17] {nemo} no vloume yet

[08:21] {nemo} huge offers appeared at .25 and .27, knocked cycc back a bit...they're gone now

[08:58] {fernp} Good morning everybody

[08:59] {Threei} good morning

[08:59] {fernp} Vad :-)

[09:00] {nemo} cycc...nice chart for .16 break

[09:00] {nemo} volume inconclusive

[09:03] {nemo} look at .15 offer cyccc

[09:03] {ese} good morning

[09:03] {Threei} ese :)

[09:04] {Threei} GNBT Major U.S. Pharmacy Chain to Market Generex's Crave-NX(TM) 7-Day Diet Aid Spray Throughout Its Nationwide Network of Over 7,000 Stores

[09:04] {Threei} - Reached an agreement with a major nationwide pharmacy chain to market the Company's proprieta... (0.61, 0.00, 0.00%) more...

[09:06] {nemo} .16 break worked great

[09:11] {Threei} lol

[09:11] {Threei} lookie ghere

[09:11] {Threei} CYCC To Raise Up to $9.5M in Registered Direct Offering (approx. 13% of market cap)

[09:11] {Threei} - The offering includes the sale and issuance of 2.85 million units, each unit consisting of one sha... (2.96, 0.00, 0.00%) more...

[09:11] {Threei} each unit consisting of one share of the Company's common stock and a cash warrant to purchase 0.25 shares of common stock, at a purchase price of $2.51 per unit.

[09:12] {nemo} that explains that

[09:14] {dino} gm all

[09:15] {strider} morning everyone

[09:15] {strider} So, how cold is it?

[09:15] {dino} 6

[09:15] {strider} IT's so cold I saw a Democrat with his hands in his own pockets.

[09:15] {Threei} dino, strider

[09:15] {dino} lol

[09:16] {fernp} lol

[09:16] {fernp} AA .50 break is interesting

[09:16] {lasertrev} morning

[09:16] {nemo} looking t that fern

[09:17] {Threei} trev :)

[09:19] {dino} tanker rates up

[09:21] {strider} out PALM from 12.39 Friday, +.31

[09:21] {dino} gj

[09:21] {fernp} wtg st

[09:22] {strider} it was starting to look kind of droopy.

[09:22] {strider} Holding VE from 36.37

[09:30] {Les} GM. DYAX is back tob/o levels again

[09:30] {Threei} Les :)

[09:30] {dino} jst drop again

[09:31] {strider} short CYCC 2.81

[09:31] {Threei} CAAS

[09:31] {Threei} Sunday, January 10, 2010 10:40:30 PM

[09:31] {Threei} China Automotive Systems, inc. Profiled in Investor's Business Daily's "New America" column

[09:31] {Threei} - The company is the top supplier of power-steering systems and components in China.

[09:31] {Threei} - CAAS has been entering into agreements to supply Chinese and foreign car manufacturers with components.

[09:31] {Threei} - According to an analyst at Rodman & Renshaw, most of the Chinese auto component players may grow faster than the overall auto market until demand and supply normalize.

[09:32] {Threei} nice entry strider

[09:33] {strider} hoping one more leg

[09:34] {nemo} no hoping strider

[09:34] {nemo} makes you think

[09:34] {Threei} Long Setup: CYTX 7.40

[09:35] {strider} out .75

[09:36] {strider} dumy...thought I was in for more than that.

[09:36] {strider} dummy

[09:36] {nemo} no, you were hoping, not executing a plan

[09:36] {strider} shut up, nemo.

[09:36] {fernp} invalidated CYTX?

[09:36] {nemo} o.i

[09:36] {Threei} not yet

[09:36] {nemo} o.k.

[09:37] {Threei} but I'd prefer different entry now

[09:37] {Threei} .30 break if stays above .20

[09:38] {dino} meli

[09:38] {Threei} idea is still .40 break, just prefer aggressive entry

[09:38] {fernp} ok

[09:39] {Threei} sdo what's wioth PEIX

[09:39] {Threei} does ethanol really come back?

[09:39] {dino} sm l .00 risky meli

[09:39] {patience} made me look

[09:39] {Les} FCX is sitting on 90 support, with a big ass $2 gap to fill if it falls

[09:40] {Threei} doubled in two days

[09:41] {nemo} [09:36] {strider} dummy {-----not

[09:41] {dino} option exp week

[09:43] {fernp} LM .95 break?

[09:43] {strider} in CYTX .31

[09:44] {Threei} yes fern

[09:44] {fernp} ty

[09:45] {Les} FCX .90 b/d with 90 stop Vad?

[09:45] {Les} nope

[09:45] {Threei} no :)

[09:45] {Threei} Long Setup: GLD .30 break

[09:45] {Threei} if stays above .20

[09:47] {Threei} TTWO Hearing renewed takeover chatter

[09:47] {Threei} - today's speculation revolves around possibility Icahn has entered talks with Time Warner (10.61, +0.19, 1.82%) (related TWX )

[09:48] {dino} meli stopped .33

[09:48] {dino} -

[09:49] {dino} aixg, hele

[09:51] {Threei} no go GLD

[09:51] {strider} stop GLD

[09:51] {ese} invalidated

[09:51] {Threei} 3 cents shy of 1:1

[09:51] {strider} out 1/2 CYTX

[09:51] {Threei} 1/2 out CYTX

[09:52] {fernp} ty

[09:53] {dino} ioc

[09:53] {Threei} BCRX Early strength attributed to a report circulating that several flu vaccines have been approved in early January by the Japanese Ministry of Health. Labor and Welfare (MHLW)

[09:53] {Threei} - The first reports on pandemic flu vaccines manufactured by GlaxoSmithKline and Novartis being appr... (8.05, +0.20, 2.55%) more... (related GSK )

[09:54] {fernp} GRO takeover rumor

[09:55] {dino} ioc bloody

[09:55] {Threei} I am not sure anyone's interested in stock named CACA, but mnentioning it just in case

[09:56] {Les} my children would be amused by said stock

[09:56] {Threei} I know I am

[09:56] {fernp} caca = shit in spanish

[09:56] {Les} yeh but you're easily amused:)

[09:56] {Threei} true

[09:57] {Threei} I made a plea to keep my sense of humor at 14 years old level

[09:57] {Threei} anfd it turned out a plea amazingly easy to keep

[09:57] {nemo} gotta' add 10 years to it then

[09:57] {Les} well you are certainly more enjoyable to listen to than Ben Bernanke making a speech

[09:58] {Les} maybe everyone should aim for 14

[09:58] {Threei} that has easy explanation

[09:59] {Threei} in my view of humor, it's funny when a person falls in the paddle face first

[09:59] {Threei} in Ben's, it's funny when the whole country does

[09:59] {Les} lol

[10:00] {Threei} Long Setup: WFC .80 break

[10:00] {Threei} if stays above .70

[10:00] {nemo} .80 200 ma

[10:01] {dino} meli re-load .50 sm

[10:02] {strider} stop bal. C

[10:02] {Threei} CYTX stop is under b/e for the second half btw

[10:02] {strider} yTX +.02

[10:02] {strider} stop CYTX +.02

[10:02] {ese} in .81

[10:02] {ese} wfc

[10:02] {strider} short ASBC .21

[10:03] {strider} cover +.11

[10:03] {dino} ioc wants 75ish strike

[10:05] {dino} mmr

[10:06] {strider} out flat WFC, don't like the futs.

[10:06] {Les} short nvda .27

[10:06] {dino} amag

[10:08] {dino} ioc 75s

[10:08] {Threei} Attention: WFC stop to under .75

[10:08] {dino} sm l .25

[10:10] {dino} stopped -.28

[10:12] {Threei} WFC 3 cents shy of 1:1

[10:13] {Threei} is it a new pattern?

[10:13] {Les} out nvda +.10

[10:13] {Threei} let's take profits at .7:1?

[10:13] {Threei} or 1:.7

[10:13] {fernp} have to say that I sold .86

[10:13] {ese} almost stopped

[10:13] {Threei} good move

[10:14] {strider} long AMZN .75

[10:14] {Les} I followed strider out flat

[10:14] {ese} out wfc stopped .73 -.09

[10:15] {ese} should have taken it at .86 i'm my own worst enemy

[10:15] {Les} NVDA .17 b/d?

[10:15] {Les} .25 stop?

[10:16] {Threei} probably

[10:16] {Threei} prwetty much depewnds on market

[10:17] {Threei} what's with w

[10:19] {Threei} CYCC death march

[10:20] {dino} ioc rinsed

[10:20] {Threei} GLBL, pretty daily

[10:21] {Threei} CGEN?

[10:21] {Threei} no news here

[10:21] {strider} takeover speculation

[10:22] {ilana} RIMM db?

[10:23] {Threei} looks good for bouynce with stop under .50 if market helps, I just don't see clear trigger

[10:24] {ilana} on TEVA similar, trigger could be 59 break?

[10:24] {dino} fds sm l .55 thin

[10:24] {Threei} if holding above .90 TEVA...

[10:25] {strider} long FDS also., .55 stop lod

[10:27] {strider} FDS stop below .0

[10:27] {strider} 40

[10:27] {dino} meli capit, strange

[10:27] {Les} short teva .89

[10:27] {nemo} venezuela

[10:34] {fernp} LM cruel. stopped me out and now it is at 1:2

[10:34] {dino} ioc feels like re-test

[10:35] {strider} stopped FDS

[10:36] {strider} stopped AMZN

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 235M shares, about 6% below its three-month average; advancers lead decliners by 1.2:1.

[10:37] {Threei} - NASDAQ volume 565M shares, about 17% above its three-month average; decliners lead advancers by 1.1:1.

[10:37] {Threei} - VIX index -4.25% to just over 17.00

[10:37] {Threei} AA sharp selling

[10:38] {Les} woha TEVA just blew out my stop

[10:38] {Threei} let's see if we get double bottom on AA

[10:38] {Threei} pullback, holding .20, breaking .25

[10:39] {nemo} .21 pivot support

[10:39] {nemo} here vad, or looking for pull back?

[10:40] {Threei} no pullback... not the way I want it to play out

[10:42] {dino} aa announces tonight i think

[10:42] {nemo} yes

[10:43] {Threei} let's see if we get an ebtry on pullback under .25

[10:43] {Threei} entry too

[10:44] {ese} L wfc .82

[10:44] {dino} ioc lod

[10:48] {fernp} AA vad? 30 break or dive under .25?

[10:48] {Threei} Long Setup: RMBS .50 break

[10:49] {Threei} I'll let .30 break go fern

[10:49] {Threei} don't view it as a valid setup

[10:49] {dino} tup

[10:49] {fernp} ok

[10:49] {fernp} RMBS stop under .40, no?

[10:49] {Threei} yup

[10:53] {ese} out wfc .94 +.12

[10:53] {ese} that evens the score

[10:53] {Threei} way to get revenge

[10:53] {Threei} TASR non-stop

[10:54] {ese} tks vad........too much politics going on at school i need someone to think for me this morning

[10:55] {Threei} RMBS will be decided by which side breaks, .42 or .44 big orders

[10:57] {Threei} so far so good

[10:59] {Threei} IOC Hearing defended at Natixis (timing uncertain) (72.75, -10.90, -13.03%)

[11:02] {Threei} XLF Obama may announce new fees on Banks to help reduce deficit in February budget plans (15.30, +0.08, 0.53%)

[11:02] {Threei} sure, why not

[11:03] {Threei} it's not like they would be passing those fees on customers

[11:03] {nemo} nah...never

[11:03] {ese} .50 break still good with Rmbs

[11:03] {Threei} if holding .40

[11:04] {Threei} fee aims to recover money taxpayers had lost in the financial system bailout

[11:04] {Threei} lol

[11:05] {Threei} no go RMBS

[11:05] {fernp} ufff no go

[11:05] {Threei} I hate mondays

[11:06] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv

[11:06] {Threei} so, let me get this straight

[11:06] {Threei} 1. you taxpayer provide bailout money

[11:06] {Threei} 2. we want to repay you

[11:07] {Threei} 3. we charge you additional fee via banks

[11:07] {Threei} 4. that collected fee is how we repay you

[11:08] {Threei} essentially you've been robbed twice, but in one of robbery cases you get your money back

[11:08] {Threei} and we call it even

[11:09] {Threei} AA back to .20 sdupport

[11:10] {Threei} don't see an entry yet

[11:10] {fernp} long?

[11:10] {Threei} not even sure about that

[11:10] {Threei} could turn into short on .20 break

[11:11] {Threei} if market breajs down, that's what moist likely will transpire

[11:11] {nemo} watching for db on mos

[11:11] {nemo} I lied...joyg

[11:19] {nemo} db on Qs?

[11:20] {Threei} no way to tell

[11:20] {Threei} breakdown is just as likely

[11:20] {Threei} what's with INCY

[11:21] {nemo} well 2nd bottom looks like reverse H&S also

[11:23] {Les} GLD lod b/d? .05 stop?

[11:23] {nemo} so much for that brilliant (not) insight by moi

[11:23] {Threei} chart wise yes... GLD history wise, no

[11:24] {fernp} good answer :-)

[11:24] {Threei} it tend to drop sharply off more or less random points somewhere up there

[11:24] {Threei} but fails breakdowns of the low

[11:24] {Threei} look at its today's 1 min

[11:25] {Threei} you'll find a lot of those drops for which there is no real indicatiojn

[11:25] {Threei} and no sinhgle successful break of the low

[11:25] {Les} ok. missed the $2 gap on fcx. looking for GLD to pay up

[11:26] {Les} but yes, remember you and GLD

[11:33] {nemo} yeah, tht bottom seems to have heald on the Qs

[11:34] {nemo} two spelling mistakes...how many do I have to make to get the 3i reward?

[11:34] {nemo} award

[11:34] {dino} gpn sm l .50

[11:35] {fernp} PFE if breaks hod, Vad?

[11:37] {Threei} I like it...

[11:37] {Threei} my problem is, not much of what I like worked so far

[11:39] {Les} should have gone with your logic on GLD. would be rolling in it now

[11:46] {Les} X 63 b/d?

[11:46] {Threei} XING again

[11:46] {Les} this little bounce providing .20 stop?

[11:46] {Threei} what's with this little piece of crap

[11:47] {Threei} could be, X works nicely on a short side with market help

[11:48] {Les} would prefer .10 stop if it consolidates a little longer

[11:49] {nemo} volue supportive of a break up

[11:49] {Threei} no such luck

[11:55] {Threei} good read nemo

[11:56] {nemo} ty...but a tad lucky on that one...today kinda' foggy

[11:56] {strider} dino, what's your target for GPN?

[11:59] {dino} .90 at least

[11:59] {dino} watching jst

[12:00] {nemo} watch the .82 level

[12:00] {nemo} tck

[12:00] {dino} i'm a bit off today, these drops are brutal

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

[12:00] {Threei} - NYSE volume 405M shares, about 8% below its three-month average; advancers lead decliners by 1.1:1.

[12:00] {Threei} - NASDAQ volume 990M shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.

[12:00] {Threei} - VIX index -4.25% to just over 17.00

[12:01] {nemo} it might be going to test the low of 11

[12:13] {fernp} .

[12:14] {Threei} VRNM Hearing vague chatter of possible large contract (5.30, +0.21, 4.13%)

[12:15] {nemo} mmmhhh...joyg volume spikes just below .90 200 ma.

[12:15] {nemo} either a niche resting place before onward march, or possibly setting up for a short

[12:16] {nemo} .89 is vwap too

[12:16] {nemo} nice=niche

[12:16] {nemo} what a day

[12:17] {Threei} PEIX... mama

[12:18] {Les} another $2 stock going insane. where's the beef?

[12:20] {fernp} PFE worth a try, Vad?

[12:20] {Les} C&H AMZN?

[12:20] {Les} can't see entry point

[12:21] {dino} jst sm l .25

[12:21] {Les} looks like its a b/d

[12:23] {dino} stopped again, whooshed me

[12:24] {dino} should've stayed home

[12:25] {Les} possible db on FSLR. Nemo?

[12:28] {nemo} volume increasing into price...that's a good sign, but it's coming right into resistance here

[12:28] {nemo} even if it breaks .50 it has to get through .60

[12:29] {nemo} volume into .50 break go small, maybe add if it powers through .60...just a thought....I know strider...shutup, nemo.

[12:29] {fernp} 1:1 PFE double lot

[12:29] {Threei} Short Setup: AIG .29 if stays under .35

[12:29] {fernp} im green again :-)

[12:30] {dino} gj

[12:30] {nemo} we'll call you kermit

[12:30] {Threei} so you ARE from Mars

[12:30] {fernp} mars, yeah

[12:30] {nemo} oh, Les...don't forget...lunchtime

[12:31] {fernp} walking down Mars with money on my pockets :-)

[12:32] {ese} see you all tomorrow.......

[12:32] {Les} ciao ese

[12:32] {Threei} and eyeing possible visitors from Venus to spend money on

[12:32] {fernp} bye ese

[12:32] {nemo} tftw ese

[12:32] {Threei} take care ese

[12:32] {ese} les fern dude

[12:32] {nemo} good one 3i

[12:32] {ese} vad

[12:32] {strider} in AIG ,29

[12:33] {ilana} correction: to invest it

[12:33] {Threei} in visditors from Venus??

[12:33] {ilana} it=in

[12:33] {strider} Vad will you take 1:1 at .23?

[12:33] {ilana} yes

[12:33] {Les} aren't women from venus?

[12:33] {nemo} that's the joke Les

[12:33] {Threei} even at ,24, strider

[12:34] {Les} call me naive

[12:35] {Threei} we martians do not invest in venus habitants... we we spend on them with no appreciacable return

[12:35] {nemo} consumables

[12:37] {Threei} 1:1 AIOG

[12:37] {Threei} AIG

[12:37] {Les} lunch money on AIG +.05 ty

[12:37] {Threei} lunch on Les

[12:38] {Les} happy meals only

[12:38] {Threei} happy meal = drink with umbrella

[12:39] {Les} lol. Mcdonalds obviously different in Canada

[12:44] {Threei} (US) Fed's Lockhart: Sees US GDP at 3.0-3.5% in second half of 2010; consumer spending remains cautious

[12:44] {Threei} - Concerned about emerging proposals for measure that could politicize the input from regional banks

[12:44] {Threei} - "Reasonably comfortable" with projections noting inflation will remain in check for the immediate future

[12:46] {Threei} 17% Expect Health Care Plan To Lower Costs, 57% Expect Costs to Go Up

[12:47] {Les} AA might be a .20 b/d. 10 cent gap to fill from yesterday

[12:48] {strider} stopped balace AIG b/e

[12:49] {strider} short HOG .23

[12:49] {strider} stop .27

[12:52] {strider} cover HOG +.03

[12:54] {Les} out aa +.05. fighting for pennies today

[12:54] {Threei} oh great, now they discuss MRI scanners for each airport

[12:54] {Threei} weren't those recently shown to provoke cancer growth?

[12:54] {strider} save on medical costs.

[12:54] {Les} hey you're paying for it

[12:57] {Threei} I have three airport gates to go through on the way to Bahamas

[12:57] {Threei} so not looking forward

[13:00] {strider} cover XING short +.13

[13:07] {Threei} nothing even breathes, let alone moves

[13:11] {strider} DIA forming c&h 1min

[13:17] {Threei} GM CEO Promises Profit for Taxpayers

[13:17] {Threei} you excited?

[13:19] {nemo} frickin' computer froze

[13:19] {Threei} global warming in action?

[13:19] {nemo} ba da bum!

[13:20] {strider} dino, I think we've arrived at a fair price for GPN.

[13:22] {Threei} remember how CYTX caught us ioff guard by late day break of 7.50?

[13:22] {Threei} look at this consolidation

[13:23] {ilana} should we catch it this time?

[13:23] {Threei} certainly looks tempting for the break

[13:24] {dino} maybe strider, thing is slow

[13:24] {nemo} al of a what .04-.05 risk?

[13:25] {strider} Didn't CYTX close down yesterday?

[13:25] {Threei} at 7.25

[13:25] {Threei} +1.25, hardly down, lol

[13:27] {fernp} CYTX stop is under .40 or .45?

[13:28] {nemo} for you fern. .45

[13:28] {nemo} :)

[13:28] {Threei} lol

[13:28] {nemo} I know strider...shut up, nemo

[13:28] {Threei} he is right actually

[13:28] {Threei} both are valid

[13:28] {fernp} lol

[13:28] {nemo} yeah, fern a scalper

[13:29] {nemo} .40 is 200 period ma

[13:38] {Threei} if I see a setup, start typing it now 1 letter pwer line, and falling asleep for couple minutes between letters, I will npo doubt manage to type it in time anyway

[13:42] {strider} YOu could just give us one letter at a time vad.

[13:43] {nemo} lvs break .46

[13:43] {nemo} stop under .40

06[13:45] * nemo stabs lvs with a hot poker

[13:46] {strider} GPN actually has a decent setup now.

[13:50] {fernp} kick Vad, kick

[13:50] {Threei} who is is poor one who hears fern and tries to do that?

[13:51] {fernp} only need two cents more...

[13:53] {nemo} fdx strong today

[13:54] {nemo} scratching lvs

[13:56] {Les} PEIX at a b/o point

[13:57] {nemo} yep

[13:57] {nemo} big bid .68

[13:57] {nemo} oops

[14:00] {Les} fdx

[14:00] {Les} wrong screen

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

[14:00] {Threei} - NYSE volume 570M shares, about 11% below its three-month average; decliners lead advancers by 1.1:1.

[14:00] {Threei} - NASDAQ volume 1.38B shares, about 6% above its three-month average; decliners lead advancers by 1.1:1.

[14:00] {Threei} - VIX index -3% to just over 17.50

[14:07] {Les} l small amzn .70

[14:09] {Threei} CA) BoC: Strength of the CAD is a drag on economic growth

[14:09] {Threei} you don't say

[14:11] {Threei} fern... your 1:1 arrived

[14:11] {fernp} ty very much

[14:15] {Les} stopped amzn .55

[14:16] {Threei} Cuomo Pushes Banks for Bonus Info

[14:16] {Threei} so it has become a legal issue now?

[14:17] {dino} swm

[14:17] {Threei} hard to believe it

[14:18] {strider} short AMZN .51

[14:19] {Les} amzn .50 b/d?. give it larger stop. .70?

[14:19] {Threei} cxan't tell Les

[14:19] {Threei} 50/50

[14:21] {strider} stop AMZN .59

[14:24] {Threei} for all practical intents and purposes, CYTX hit 1:1

[14:24] {nemo} I'll pop the champagne

[14:26] {Threei} wait for some species from Venus to pass by and aim at it (her?),

[14:26] {Threei} may be double benefit

[14:27] {Les} NFLX

[14:27] {Les} .95 b/d?

[14:27] {fernp} still in Mars but w/more money in my pockets :-)

[14:27] {Les} 53 stop?

[14:27] {Threei} I'd try it

[14:27] {dino} sxci

[14:28] {nemo} your in an area of major support though les

[14:29] {Les} ok seen it ty

[14:33] {nemo} hard to say, but might have just got a DB on nflx

[14:33] {dino} mstr

[14:34] {nemo} that's awful liquid for you...63k volume and only a .12 spread

[14:34] {dino} mr

[14:35] {nemo} chinese medical equpment...had forgotten all about this one...earnings today?

[14:36] {dino} out gpn thing won't move

[14:37] {Threei} Earnings

[14:37] {Threei} Before the Open: MDRX, HELE. After the Close: AA, WDFC.

[14:40] {Les} X might be a DB.

[14:41] {strider} out GPN +.03

[14:41] {strider} geez

[14:41] {Threei} lol

[14:41] {strider} penny an hour

[14:41] {Threei} strider... try not to spend it all at once

[14:41] {Threei} you may cause inflation spike

[14:43] {strider} you get the feeling something's gonna happen soon?

[14:43] {strider} Maybe not today, but soon.

[14:43] {nemo} define "soon."

[14:43] {Threei} yes but I have hard time telling gut fweeling from acid reflux

[14:45] {strider} I think I picked the wrong time to start trading.

[14:45] {Threei} kidding?

[14:45] {strider} no.

[14:45] {nemo} I picked the wrong time to be born

[14:45] {Threei} it's the best

[14:45] {strider} splain.

[14:45] {Threei} we are going through relatively quiet period,

[14:45] {Threei} volatility contracting to almnost unbelieavble degree,

[14:46] {Threei} VIX nears all time lows,

[14:46] {strider} how is this good?

[14:46] {nemo} 11

[14:46] {nemo} has to snap back

[14:46] {Les} cause you're learning when it is friggin difficult

[14:46] {Threei} you have an opportunity to parctice risk control and finding the opportunities during such quiet and easy to control time

[14:47] {Threei} mistake is not egetting punished by 200 points DOW drop

[14:47] {Les} hmm good point

[14:47] {Threei} When the band stretches too much

[14:47] {Threei} and volatility returns with the bang

[14:47] {strider} But hardly any setups work.

[14:47] {ilana} now it's about to lose less, not to earn more, i guess :-)

[14:48] {Threei} you'll be well prepared, witbn some flight hours under your belt.

[14:48] {Threei} nailed it Ilana

[14:48] {Les} I thought it'd be sugar and cream with big moves like a 200 point day

[14:48] {dino} chin up strider

[14:48] {Threei} imagine you started trading a year ago

[14:48] {Threei} last October

[14:48] {Threei} yeah, your setups would have worked

[14:48] {nemo} frickin' roller coaster

[14:49] {nemo} wake up in the morning to limit down on the futes

[14:49] {Threei} and those that didn't would have literally destroyed you

[14:49] {nemo} oy vay

[14:49] {Threei} to put it in simpler terms,

[14:49] {Threei} you prefer to learn swimming in the shallow near the shore or in the deep waters during the storm?

[14:49] {strider} I don't have trouble taking stops.......

[14:50] {strider} I paid for that lesson 6 years ago.

[14:50] {strider} I don't need any more practice taking stops, thank you very much:)

[14:50] {Threei} well, it's npot only stops

[14:50] {Threei} executions, spotting right setups,ight conditions for them to work

[14:50] {Threei} there are many moving parts

[14:51] {strider} yeah. I'm learning that stuff..true.

[14:51] {Threei} Things are fast anbd furious - enviroment is less conducive for kearning

[14:51] {dino} sm l sxci .30

[14:51] {strider} OK.....been learning for 4 months.......I'm ready for a decent market.

[14:52] {Threei} it will come

[14:52] {Threei} then it will stay with us for a while

[14:52] {Threei} then it will become indecently volatile

[14:52] {nemo} until 2012

[14:52] {Threei} then you'll start begging for calmer one

[14:52] {Threei} then it'll come

[14:52] {Threei} and whiole cycle will repeat

[14:52] {Threei} ask me how I know

[14:53] {nemo} mystic clairvoyant?

[14:53] {strider} mystic pizza guy?

[14:53] {Threei} psychic linew

[14:53] {Threei} -w

[14:53] {strider} $8/minute?

[14:53] {Threei} mine charges $12.50

[14:53] {nemo} anybody call?

[14:54] {dino} always does

[14:54] {dino} mmr wow

[14:54] {nemo} look at meli dino

[14:54] {Threei} but what choice do I have, I tried to steal magoo's crystal ball and found out he broke it long ago

[14:54] {dino} i just travel ahead

[14:55] {dino} i see it nemo, gets to about 46.20 and drops

[14:55] {Threei} I can't dino... magoo dropped his crystal ball on my time machine

[14:55] {nemo} .15 vwap

[14:55] {Threei} andf broke my flux capacitor

[14:57] {dino} we'll have to stay on meli tomorrow

[14:57] {Threei} shit

[14:57] {Threei} I need a gun

[14:57] {Threei} I want to shoot myself, now

[14:57] {nemo} need the janitor

[14:57] {Threei} anyone ha\d CNN on just now?

[14:57] {nemo} what, found your flux capacitor?

[14:57] {nemo} no

[14:57] {dino} no

[14:58] {Threei} 12 years old wrote an iPhone application teaching people how to trade stocks,

[14:58] {Threei} based on his experience

[14:58] {Threei} which was:

[14:58] {Threei} he ate goldfish creackers one morning

[14:58] {Threei} liked them,

[14:58] {Threei} lkooked up on google who makes them,

[14:58] {Threei} fiound out it was Campbell soup

[14:58] {Threei} and invested in it in some paper trading contest

[14:59] {Threei} stop the Earth, I want to get off

[14:59] {Threei} fern, I am coming to Mars, got a tent for me?

[14:59] {Les} I'd be happy if he shared his app

[14:59] {Les} just so long as people returned to stockmarket

[14:59] {fernp} ok, nice girls over here :-)

[15:00] {dino} lol, just need to know what he eats

[15:00] {Threei} really? they are not all on Venus?

[15:00] {fernp} here u can find girls with a single eye

[15:01] {Threei} oh good... with my looks, blind ones would be even better

[15:01] {fernp} lol

[15:02] {fernp} DOWS on highs, NASDAQ on lows and SP in nowhere

[15:02] {fernp} DOW

[15:02] {ilana} and deaf ones too... sometimes

[15:02] {nemo} dino 17% of meli revenue from Venezuela

[15:02] {fernp} thay are perfect, iliana

[15:03] {dino} that explains alot

[15:03] {Threei} now Ilana, that would be too giood,,, I go to Mars, not tio heaven...

[15:03] {dino} you see the new law that they will take over businesses that increase prices there?

[15:03] {dino} atlas shrugged

[15:03] {nemo} oh yeah

[15:04] {dino} next it will be illegal to change jobs

[15:04] {dino} that country is blowing up fast

[15:04] {nemo} where do you think Obama is getting his ideas?

[15:04] {dino} meli at the .20

[15:04] {dino} i fear that is true

[15:05] {nemo} see if it can hold it here dino, vwap at .15

[15:05] {fernp} GCI let's try a scalp

[15:05] {nemo} last time it made it to vwap it backed off

[15:05] {dino} problem is it drops fast

[15:05] {strider} SEED

[15:05] {dino} mmr and mr are unstoppable

[15:06] {nemo} frickin seed, took that off this morning

[15:06] {Threei} still n o news here

[15:07] {Les} http://miburl.com/Fd5DDv

[15:08] {Les} Israeli approach to airport security - interesting

[15:08] {Threei} SEED FMR LLC discloses passive 13% stake - filing (12.70, +0.54, 4.44%)

[15:08] {strider} FMR cop reports passive 13% stake in SEED, fwiw

[15:08] {nemo} as passive as 13% can be

[15:09] {nemo} lotta' selling at market in meli

[15:09] {nemo} think fmr is selling into the spike?

[15:10] {nemo} :)

[15:12] {Threei} where is magoo

[15:12] {Threei} his stock

[15:12] {Threei} his move

[15:12] {Threei} he lives fior this sruff

[15:12] {nemo} something about sheep

[15:12] {dino} he's here

[15:13] {Threei} oh so he decided to ignore us

[15:14] {dino} guess so

[15:14] {Threei} did he get SEED?

[15:15] {Threei} bla, eh?

[15:15] {dino} look jst

[15:17] {Threei} VOXX Reports Q3 $0.55 v $0.26e, R$155M v $196M y/y (7.17, +0.15, 2.14%)

[15:21] {dino} stst

[15:21] {dino} 2 bucks

[15:22] {dino} c'mon retest hod

[15:29] {Threei} SEED looks like 14

[15:32] {Threei} watch for bounce off .50

[15:35] {Threei} here comne 14

[15:38] {dino} nemo meli

[15:40] {Threei} anyone got SEED?

[15:40] {fernp} not here

[15:40] {strider} fescue.

[15:41] {dino} no

[15:43] {Threei} Market Internals update at 3:30pmET

[15:43] {Threei} - NYSE volume 730M shares, about 11% below its three-month average; advancers lead decliners by 1.1:1.

[15:43] {Threei} - NASDAQ volume 1.75B shares, about 5% above its three-month average; decliners lead advancers by 1.1:1.

[15:43] {Threei} - VIX index -3% to just over 17.50

[15:51] {Threei} amazing strength into close, SEED

[15:58] {Threei} GOOG Hearing vague chatter regarding reports of a positive ruling over YouTube unit (601.73, -0.29, -0.05%)

[15:59] {dino} out sxci .70, +.40

[15:59] {Threei} okay guys, if I am a bit late tomorrow mnorning - that's because I am setting up things on Mars, fern helps me with internet connection from my tent, etc

[15:59] {Les} ok thanks vad. night all

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {ilana} gn

[15:59] {nemo} cu

[15:59] {Threei} see you tomorrow

[16:00] {Threei} dino... tell me magoo got SEED

[16:00] {Threei} AA Halted: news pending (17.45, +0.43, 2.53%) \