Feb 09 2010

One regret of today is a missed long UAUA trade - stock never gave pullback, and we didn't want to chase. Other than that things worked fine - couple stops didn't spoil the day with wins on VXX, X, TM etc.

Session Time: Tue Feb 09 00:00:00 2010

[07:58] {Threei} (RU) Russia Army Chief of Staff: Believes US missile defenses are directed at Russia (not Iran) (related EUR/RUB USD/RUB RSX )

[08:00] {Threei} February 08, 2010 11:20:25 PM

[08:00] {Threei} Toyota Motor Corp Confirms filing of recall of Prius cars in Japan due to braking system; To recall 223K units in Japan, including 200K Prius models

[08:00] {Threei} - The recall relates to 4 models (Prius, Sai, Lexus HS250h and Prius Plug-in Hybrid)

[08:00] {Threei} - The recall will begin on Feb 10.

[08:00] {Threei} - To recall about 150K of 2010 Prius, other hybrids in North America.

[08:00] {Threei} - Confirms that it will suspend sales of the Sai and Lexus HS250h models by late Feb/early March until a fix is ready.

[08:00] {Threei} **Note: On yesterday's session, it was reported that Toyota would recall at least 300K Prius vehicles around the world.

[08:19] {strider} Laser connection lost. Anybody else?

[08:19] {Threei} fine here

[08:20] {nemo} sure it's not a psychological break from reality strider?

[08:26] {Threei} (EU) France Fin Min Lagarde: confident that Greece will achieve its fiscal plan

[08:26] {Threei} - Notes EU exporters can only be pleased with the recent strength of the USD (related EUR/USD EUR/GBP BUNDS SOVRX NBG )

[08:33] {Threei} SQNM Licenses Worldwide Rights to Develop Age-Related Macular Degeneration Diagnostic Test

[08:33] {Threei} Aastrom Biosciences, Inc Announces one-for-eight stock split

[08:33] {Threei} - board of directors has approved a one-for-eight reverse stock split of the company's common stock effective on February 18, 2010.

[08:33] {Threei} ASTM

[08:41] {Threei} ESLR CEO: In a good position to begin shipping products this summer from plant in China - conf call comments (related TAN )

[08:41] {Threei} heh

[08:41] {nemo} eslr

[08:41] {nemo} oh boy

[08:42] {nemo} yipee

[08:42] {Threei} wasn't ESLR promoted as one of few companies keeping production base in USA

[08:42] {nemo} yeah, plants here in MA. Tax breaks...yada yada yada

[08:44] {Threei} I assume TM is happy becauswe thwe size of new recalls in 6 figures, not in 7 anymore

[08:44] {Threei} so when it runs out of cars to recall, it'll shoot up to above 100

[08:58] {fernp} Good morning eberybody

[09:00] {Threei} fern :)

[09:01] {nemo} fern :)

[09:04] {Threei} OSIS OSI Systems Advanced Body Scanners to Be Deployed at Heathrow and Manchester International Airports in the United Kingdom (update)

[09:05] {Threei} which reminds me... ICXR

[09:05] {Threei} ICXT

[09:05] {Threei} look at daily

[09:05] {Threei} retreated back into solid support

[09:05] {Threei} volume all but disappeared

[09:06] {nemo} yeah, but that's a Dino volume stock

[09:06] {Threei} it's not a buy per se,

[09:07] {Threei} it's something to keep in kind for the next scare

[09:07] {Threei} being near support and being a runner on those alerts, it's a good trading candidate

[09:08] {Threei} alternatively, if nothing happens oin the news and it continues doing nothing, watch for BBs to contract

[09:08] {Threei} as of now, they are too wide, not a time for a stock to do something meaniongful

[09:11] {Threei} (IT) Reportedly an Italian official says embassy in Tehran, Iran has been "attacked" - Italian press

[09:11] {Threei} EU) EU's Almunia: Greece is a concern for the entire Euro area

[09:11] {Threei} you don't say

[09:11] {ese} good morning

[09:11] {Threei} ese :)

[09:11] {ese} hey vad

[09:12] {nemo} Iran's attacking the guineas...oh jeez

[09:12] {Les} enough of those storm clouds Vad. Let's hear something nice

[09:12] {Les} GM

[09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore

[09:12] {nemo} O.K. name this tune...

[09:12] {Threei} Les :)

[09:12] {nemo} "Always look on the briiiiiighhhht side of life...da doo da dooo"

[09:13] {Les} Alanis Morriset?

[09:13] {Les} :D

06[09:13] * nemo slaps Les around a bit with a large copy of Monty Python's

[09:13] {nemo} ...Life of Brian

[09:13] {Les} duh

[09:14] {nemo} duh...as in you know...or how could you be so....

[09:14] {Les} lol

[09:14] {Les} one of my earliest recollections of any film - LIfe of Brian. I can remember quite a few lines as well

[09:15] {nemo} Are you the Judean's Peoples Front?

[09:16] {larisa} gm

[09:16] {nemo} hi lari

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

[09:17] {Threei} larisa :)

[09:17] {Les} no, the Judean popular peoples front

[09:17] {Les} hi larisa

[09:17] {larisa} les :)

[09:18] {Les} so off all that important sounding news that was released this morning vad, what are you following?

[09:19] {Threei} news wise, things are very slow this morning

[09:19] {dino} gm all

[09:19] {Threei} so usual suspects only

[09:19] {Threei} dino :)

[09:22] {strider} morning everyone.:)

[09:23] {Threei} strider :)

[09:25] {Les} hey strider, dino

[09:26] {strider} les, eye of three....

[09:26] {Les} TCK shows decent results. with baltic falling I'd be interested to follow for distribution

[09:27] {lasertrev} morning

[09:27] {strider} morning trev....dcc please

[09:29] {Threei} trev :)

[09:30] {billyc} gm everyone

[09:30] {Threei} billy :)

[09:30] {Les} hi billy

[09:30] {fernp} hello billy

[09:34] {strider} .

[09:35] {Threei} Long Setup: TM .60 half lot

[09:35] {Threei} srop under .40

[09:38] {Threei} keep an eye on UAUA for long entry on pullback

[09:38] {Les} aa

[09:40] {Threei} TM is ready

[09:40] {Les} l AA .41

[09:41] {Threei} UAUA just won't pull back

[09:42] {nemo} rimm

[09:42] {nemo} wow

[09:42] {Threei} no kidding

[09:42] {Threei} wow is right

[09:43] {Threei} I guess MSFT is not buying them after all

[09:43] {Les} rumour about microsoft has been refuted?

[09:43] {Threei} CBAK Guides FY10 R$270M v $241Me - slide presentation

[09:45] {Threei} (US) White House Econ Adviser Summers: Stimulus has already helped the US economic recovery; comments that "we still have a long way to go- CNBC

[09:46] {Threei} but of course

[09:46] {Threei} TM 1:1

[09:48] {Threei} COIN Discloses Home Depot has re-ordered products for 2010

[09:49] {Les} took it at .75 ty. lot of big offers at .79/.80 (a bird in the hand...)

[09:50] {nemo} frickin' can't get the 1:1 on TM

[09:51] {Les} aa b/d

[09:52] {Threei} nemo?

[09:52] {nemo} phewww

[09:52] {nemo} just got it

[09:52] {nemo} didn't get it on the first pass

[09:52] {Threei} ok

[09:52] {nemo} where stop, b/e?

[09:52] {Threei} sometimes, especially with volatile ones there is no need to be that literal

[09:52] {Threei} they tend to trade in "zones" rather than exact numbers

[09:53] {Threei} so why not sacrifice a cent or two

[09:53] {Threei} tes

[09:53] {Threei} yes

[09:53] {nemo} greed

[09:53] {Threei} stop for the balance to under b/e

[09:53] {nemo} actually, got very nice support at .75 now

[09:53] {Threei} way too close to this stock

[09:54] {Threei} easy to get shaken out

[09:55] {Threei} UAUA is irritating

[09:56] {Threei} trail TM under .70 now

[09:56] {Threei} almost 1:2

[09:56] {Threei} feel free to exit as you see fit

[09:57] {nemo} see if I can get .98

[09:59] {fernp} T breakdown, Vad?

[09:59] {Threei} if you are OK with a very slow trade

[10:00] {Threei} (US) Feb IBD/TIPP Economic Optimism: 46.8 v 48.8 prior

[10:00] {Threei} US) DEC WHOLESALE INVENTORIES: 0.8% V 0.5%E

[10:01] {Les} wfc weak

[10:01] {nemo} out .98 ty

[10:02] {nemo} 75 break could be a new long looking at volume there

[10:02] {nemo} xcuse me...offers

[10:03] {Threei} ugh

[10:03] {Threei} was watching VXX .35 trigger

[10:03] {Threei} and hesitated

[10:05] {Threei} let's see if we can get it on pullback

[10:06] {nemo} tm broke 75 this coul be serious today

[10:08] {Threei} UAUA knows no limits today

[10:09] {nemo} why they up...news?

[10:09] {Les} JAL decided to remain with them. didn't think it that joyous a piece of news

[10:09] {Threei} just load factor yesterday...

[10:09] {Threei} npot bad but nothing of such significance

[10:12] {Les} l TM .11 small shares

[10:12] {Les} daytrade

[10:13] {Threei} Long Setup: AET .15 if stays above .10

[10:13] {Threei} semiaggressive entrey for .20 break

[10:14] {Threei} invalidated

[10:17] {Les} aa .45 b/o?

[10:17] {Les} of .50 hod?

[10:17] {Threei} probably

[10:18] {Threei} X eploded, AA follows

[10:19] {dino} snda sm l .80

[10:20] {dino} jst sm l .80

[10:20] {Threei} (EU) EU bailout a possibilty but not a certainty

[10:20] {Les} what?

[10:21] {Threei} shrug

[10:21] {Les} what happened to absolutely not!

[10:21] {Threei} details to follow

[10:21] {Les} friggin politicians

[10:21] {Threei} X

[10:21] {Threei} pullback on decreasing volume

[10:21] {fernp} FITB, Vad?

[10:22] {Threei} 46 is closest support

[10:22] {Threei} way too narrow for this market fern

[10:22] {fernp} ok

[10:23] {Threei} (GR) Fitch: EU bailout a possibility but not a certainty; the probability of a bailout is not high enough to warrant a change in ratings

[10:23] {Threei} Long Setup: X .10 break

[10:23] {Threei} half lot

[10:24] {Threei} stop is painfully obvious

[10:24] {Les} out TM +.30

[10:24] {Threei} wtg

[10:25] {dino} gj

[10:26] {Threei} no go X

[10:27] {Threei} 2 cents shy of 1:1

[10:27] {Les} market dunno what it wants to do this morning

[10:27] {Threei} often happens after big gap

[10:29] {Les} ok

[10:30] {nemo} TM likely to keep going

[10:30] {Threei} unless it starts recalling corollas from 1985

[10:30] {fernp} lol

[10:31] {nemo} hehehe

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 220M shares, about 11% below its three-month average; advancers lead decliners by 6.5:1.

[10:31] {Threei} - NASDAQ volume 465M shares, about 8% below its three-month average; advancers lead decliners by 3.2:1.

[10:31] {Threei} - VIX index -3.5% to just over 25.50

[10:34] {strider} AA breakdown

[10:34] {strider} ?

[10:34] {Threei} ECB drains 270.6B in fine tuning operation

[10:34] {Threei} AA is hardly tradeable here unless you are doing huge shares for a few cents

[10:35] {dino} snda stopped

[10:35] {Threei} Long Setup: VXX .22 break

[10:35] {Threei} .10 support

[10:36] {dino} guess who's on tv

[10:36] {Threei} uhhu

[10:36] {dino} and down we go

[10:36] {nemo} damn

[10:36] {Les} Laura Linney

[10:36] {Threei} Short Setup: X half lot .85

[10:36] {Threei} if syas under 46

[10:38] {dino} rino sm l .00

[10:39] {Threei} VXX 1:1

[10:39] {Les} ty

[10:40] {Threei} 1:2

[10:40] {Threei} out

[10:41] {dino} sm thin, l .83 thff

[10:41] {Threei} see why I am not jazzed about AA?

[10:41] {Threei} how do you prtofit from that unless you plkay 10K shares for 5 cents

[10:42] {Threei} and on related note, how do you type like that unless you use your elbows

[10:42] {Les} yeh I've been screwed on it once play type 2 today. but don't like X either

[10:42] {Threei} X somewhat on discretionary side since it violated resistance by couple cents

[10:43] {Threei} but who took it, feel free to cover

[10:43] {dino} i shorted it

[10:43] {Threei} double bottom is a threat here

[10:43] {nemo} yeah, but never broke downtren

[10:43] {Threei} why do I always undestimate VXX potential

[10:43] {nemo} your a scalper

[10:44] {Les} it is a powerful mover

[10:44] {Threei} Hearing Credit Suisse making cautious comments on solar sector; citing prospects for better solar incentives outcome in Germany (timing uncertain)

[10:44] {Threei} - cite German reports that tariffs adopted by Germany may be less impactful than the original removal of 15% incentives scheduled from April 1; expecting now to take place in June

[10:44] {strider} TM broke

[10:44] {dino} cov x .55, +.30 ty 3i

[10:44] {Threei} welcome sir

[10:45] {Threei} look at VXX

[10:45] {Threei} and I do have this "it's just a bounce" feeling

[10:45] {Threei} someone needs to send me about 50 pounds of patience

[10:46] {nemo} stop drinking coffeee

[10:46] {Les} just a bounce in vxx or the market?

[10:46] {Threei} no, market

[10:46] {Threei} which means VXX is a long play according to this conviction

[10:46] {Les} cool

[10:47] {Threei} ok, so far so good

[10:47] {Threei} we milked TM, VXX,

[10:47] {Threei} took a stop on X long, compensated it by X short

[10:47] {Threei} but that missed UAUA leaves a gap in my wounded soul

[10:48] {larisa} how do you play VXX? I looked at its formula, it is scary :) you simplify it and connect to VIX?

[10:48] {Threei} ashes of missed trade knock in my heart

[10:48] {Les} no that'd be the vodka

[10:48] {Threei} I simplify it even more Larisa

[10:48] {Threei} I treat it as opposite to the general market

[10:48] {Les} we long vxx .82

[10:48] {Les} ?

[10:49] {larisa} thats huge simplfying :)

[10:49] {nemo} l rimm .40

[10:49] {Threei} it is if we talk about formula

[10:49] {Threei} but from lractical standpoint, compare charts

[10:49] {Threei} no Les

[10:49] {dino} les is more in this market larisa, imo

[10:49] {dino} bi-polar

[10:49] {Threei} we want market bounce and accordingly VXX pullback

[10:51] {larisa} I want to be simple guy like vad :)

[10:51] {Threei} it's easy

[10:52] {Threei} well... becoming a guy may not be that easy in your particular case

[10:52] {nemo} 1/2 out rimm

[10:52] {nemo} stop to .40

[10:53] {Threei} (US) Fed Chair Bernanke's testimony to the House Panel is postponed due to weather

[10:53] {Threei} video conferencing folks - ever heard of internet?

[10:53] {Les} Could we stop with the Les jokes please. I just spent 10 minutes decrypting dino's joke

[10:54] {larisa} lol

[10:54] {Threei} ask Al Gore for help - he will explain you both, climate change and internet

[10:54] {Threei} lol Les

[10:54] {strider} why, did he invent climate change?

[10:54] {Threei} he sure did

[10:55] {strider} you may be right.

[10:55] {Threei} 5-10 cents more VXX,

[10:55] {Threei} and should be ready

[10:55] {Threei} he also invented truth and inconvenience, strider

[10:55] {Threei} he is very proilific inventor

[10:56] {strider} you looking for long on pullback, VXX?

[10:56] {Threei} yes

[10:56] {Threei} I want something like .45

[10:56] {dino} not a joke really les, typo, should have been less

[10:56] {dino} just agreeing w/vad

[10:56] {larisa} why? you should agree with me :)

[10:57] {dino} always

[10:57] {larisa} ty

[10:57] {dino} fsys strong

[10:57] {Les} all in good humour dino :)

[10:57] {Les} just don't bloody do it again

[10:58] {dino} :)

[10:59] {nemo} stopped rimm

[10:59] {Les} right. market at 200 ma

[10:59] {Threei} .60 was it VXX

[10:59] {Les} lets see a bounce here

[10:59] {strider} TM bounce?

[11:00] {Threei} off .40 - .50 I'd feel much better about it

[11:01] {larisa} HIG beats and sells like that?

[11:01] {larisa} oh they warned

[11:02] {dino} rino stopped

[11:02] {Threei} yeah guidance is questionable

[11:03] {Les} hig bounce here?

[11:03] {Threei} I doubt it

[11:05] {Threei} (IT) Italy Economic Development Min Scajola: not considering providing incentives for car makers (related F.IT EWI )

[11:08] {Les} HIG 22 b/d

[11:09] {Threei} TM

[11:09] {Threei} long red candle

[11:10] {Threei} will be ready for bounce very soon

[11:10] {nemo} .24

[11:11] {Threei} .50 break, half lot

[11:13] {dino} fsys gives all back

[11:13] {Threei} invalidated TM

[11:14] {nemo} bounced at .25

[11:14] {nemo} I was wrong

06[11:14] * nemo {===jerk

[11:15] {strider} HIG

[11:15] {Les} hig waiting for order to jump from market

[11:15] {larisa} it is trying to break downtrend

[11:16] {Threei} Pennslyvannia governor's office issues press release on tax proposals: plans to "join the ranks of states that tax natural gas extraction and tobacco products" (related MO RAI )

[11:17] {dino} fsys sm l .33

[11:19] {dino} frickin' pa

[11:19] {nemo} they all rationalize that "everybody else is doing it"

[11:19] {dino} going to slow down the development of it

[11:22] {dino} stopped fsys, i pretty much suck today. taking break

[11:23] {nemo} well, we'll move you to 9th in the batting order

[11:23] {dino} lol

[11:23] {dino} bench me coach

[11:23] {nemo} nah

[11:23] {nemo} gotta' work your way out of it

[11:23] {ese} .

[11:24] {nemo} Did we give up when the Germans bombed Pearl Harbor

[11:24] {Les} contradiction Nemo

[11:24] {dino} heck no

[11:24] {nemo} what Les

[11:24] {Les} Germans bombed pearl harbour`?

[11:24] {nemo} methinks thou art about to exhibit ignorance

[11:24] {nemo} yep...

[11:24] {magoo} did general custard yell retreat???

[11:24] {nemo} You obviously did not see the movie "Animal House"

[11:25] {nemo} no culture Les

[11:25] {Les} not the one after fish called wanda?

[11:26] {nemo} http://www.imdb.com/find?s=all&q=animal+house

06[11:26] * nemo slaps Les around a bit with a large trout

[11:27] {nemo} frickin' Phillistine

[11:28] {Les} ah that teenage male puke sort of movie. Ok I haven't seen it.

[11:28] {nemo} right up your alley...I can tell

[11:32] {Threei} TM

[11:32] {Threei} .50 break half lot

[11:32] {Threei} if stays above .35

[11:33] {Threei} not a scalp

[11:34] {nemo} partial?

[11:34] {Threei} yeah

[11:36] {Threei} stop to under .45

[11:36] {Threei} no idea what caused this market spike

[11:37] {Threei} let's protect the play tightly here

[11:38] {nemo} 1/2 out .66

[11:38] {Threei} half out

[11:38] {Threei} held by the fingertips eh

[11:39] {Threei} precision is amazing

[11:39] {nemo} yeah, hair gray already

[11:39] {Les} *whispers* papa Nemo

[11:40] {nemo} out

[11:40] {nemo} .71

[11:40] {Threei} les.. careful I suspect he sold only to free his hands to deal with you

[11:40] {nemo} I'm more like the gray legions type

[11:40] {nemo} actually those two shooting stars at resistance

[11:41] {nemo} ty Vad

[11:41] {Threei} TM doesn't care about shooting stars, hanging men or ichimoku clouds

[11:41] {Threei} 1:2

[11:41] {Threei} I am out

[11:41] {Threei} welcome

[11:41] {nemo} you got .04 more than me!

[11:42] {Threei} (GR) EU has reportedly agreed in principle to assist Greece- unconfirmed report

[11:42] {dino} that fsys is one screwed up stock

[11:42] {nemo} what, send them crowbars?

[11:42] {Threei} that should kill Euro, prop greenbuck and kill the market

[11:42] {Threei} BSDM Reports Initiation of a Phase III Study on Pancreatic Cancer Using the BSD-2000 Hyperthermia System in Combination with Chemotherapy

[11:42] {dino} no that should help the euro, hurt dollar

[11:43] {Les} now. debt being monetized now in europe if this is the case

[11:43] {larisa} yes, dino, put FSYS on my screen after you mentioned it couple weeks ago, then just wiped it off :)

[11:43] {Les} no, not now.

[11:43] {nemo} amazing, market way up but feels like a down day

[11:43] {Les} Italy is looking cheaper for next summer

[11:44] {dino} i may do the same larisa

[11:44] {Threei} gap nemo...

[11:44] {nemo} Visit my relatives in Palermo, I'll let them know your coming...special welcome

[11:44] {Threei} on intraday basis it went down

[11:44] {nemo} yeah Vad

[11:45] {Threei} (GR) EU's Rehn: EU can support Greece "in the broad sense of the word," Greece needs to take "necessary measures" to get aid - interview

[11:45] {Threei} - Expects "discussions and decisions" over next few days

[11:45] {nemo} rimm looking real weak

[11:45] {fernp} you see any news, Vad? QQQQ and SPY hod

[11:46] {Threei} no, other than all this noise coming from EU

[11:50] {Threei} there are conflicting streams of thoughts

[11:50] {Threei} one is:

[11:51] {Threei} this is another bailout diluting Euro, thgus propping USD

[11:51] {nemo} It's the US telling them to do it so we can have another QE

[11:51] {Threei} another is: without it Euro itself is on the verge of dissolution, so this will help Euro

[11:52] {Threei} make your pick... :)

[11:52] {Threei} in my very humble opinion in which I believe firmly, Euro is toast in any case

[11:53] {nemo} outa' curiosity what are the CNBC boneheads saying about today

[11:53] {Threei} [09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore

[11:53] {larisa} will we have dollar?

[11:53] {nemo} yes

[11:53] {Threei} yes

[11:54] {larisa} nah :) yuan all the way

[11:54] {Threei} we will also have mongol tougrick... buit for whole other reason

[11:55] {nemo} rimm at trend line

[11:56] {nemo} amzn DT

[11:56] {dino} dollar for long time, euro toast in 5 years

[11:56] {nemo} all dead in 2012

[11:56] {dino} good point

[11:56] {nemo} 21st December

[11:57] {nemo} 8:04 pm

[11:57] {nemo} eastern standard time

[11:57] {Threei} 5 maybe a bit roo soon... but 10 is safe bet

[11:58] {Les} or Europe could finally come together to create harmonious workers paradise where interest rates are communally decided and credit is shared between all

[11:59] {Les} was thinking of this video from last australian election: http://www.youtube.com/watch?v=ptccZze7VxQ

[11:59] {Threei} I am about to cry

[12:00] {nemo} get a grip

[12:00] {nemo} opposable thumb thing

[12:03] {nemo} http://www.thesmokinggun.com/archive/years/2010/0209101snow1.html

[12:03] {Threei} Market Internals update at 12:00pmET

[12:03] {Threei} - NYSE volume 490M shares, about 12% above its three-month average; advancers lead decliners by 4.9:1.

[12:03] {Threei} - NASDAQ volume 990M shares, about 6% above its three-month average; advancers lead decliners by 2.2:1.

[12:03] {Threei} - VIX index -3% to just over 25.50

[12:03] {nemo} tm

[12:07] {Les} future murderers if ever I saw such a mug shot Nemo. Lock em up

[12:07] {nemo} Yeah...what was that movie...oh yeah...Minority Report

[12:08] {Threei} nice call on HIG reversal

[12:09] {Threei} [11:15] {Les} hig waiting for order to jump from market

[12:09] {Threei} [11:15] {larisa} it is trying to break downtrend

[12:09] {Threei} next time just tell us where to enter, you two

[12:10] {larisa} 11:15 would work :)

[12:10] {Threei} of course... silly me

[12:11] {Threei} (SZ) SNB's Jordan: Foreign tax pressures are not hurting the stability of Switzerland's financial position at the moment - paper

[12:11] {Threei} - highlights that the Swiss must obey the US tax agreement with or without any UBS circumstance

[12:12] {Les} We'll see who comes out best in banking 5 years from now

[12:12] {Threei} US Rep Boehner (R): May appoint some Republicans to the Budget commission authorized by Pres Obama

[12:12] {Threei} Mongolia Les

[12:13] {Les} lol

[12:13] {Threei} tougrick will prove itself to be the most resilient currency in the world

[12:13] {Les} yeh backed by horse dung

[12:13] {Threei} think of it:

[12:13] {Threei} no one cares about it enough to buy or sell it

[12:14] {Threei} stability guaranteed by indifference

[12:15] {nemo} manure is quite valuable in farming

[12:15] {Threei} see? currency supported by both manure and indifference

[12:15] {Threei} what could be better?

[12:16] {Threei} and now for the idiot hour:

[12:16] {Threei} (US) White House's Summers: Worries about doing "too little" for the US economy

[12:19] {Threei} US Rep Boehner (R): It's time to "scrap" the health care bill

[12:29] {Threei} MET

[12:29] {Threei} MetLife Inc Reportedly considering using $8B in stock in deal to acquire AIG's American Life Insurance Company (ALICO) unit

[12:29] {Threei} ***Reminder: Back on 2/2 MetLife stated it was holding discussions with AIG about acquiring its subsidiary, American Life Insurance Company (ALICO), an international life insurance company. No agreement has been reached and there are no assurances that an agreement will be reached.

[12:29] {Threei} crap

[12:30] {nemo} missed, huh?

[12:30] {Threei} yeah...

[12:31] {Threei} news is fresh

[12:31] {Threei} I didn't miss it

[12:31] {Threei} stock moved before wire posted it

[12:31] {Threei} (GR) Portugal Finance Min: Has "no doubt" that the EU will assist Greece

[12:32] {nemo} yeah, but will it be euthanizing assistance

[12:32] {Threei} MET shot right back

[12:32] {nemo} you play it?

[12:32] {nemo} Magoo di

[12:32] {nemo} did

[12:32] {Threei} no

[12:33] {Threei} scalped AIG

[12:33] {Threei} scary as taking shotgun from magoo

[12:37] {larisa} off .20?

[12:38] {Threei} .38 - .57

[12:38] {larisa} wow

[12:39] {larisa} i mean gj

[12:40] {Threei} yeah yeah

[12:41] {Threei} "wow, aren';t you stupid... oops, hope I didn't say it out loud - no I didn't, whew - gj!"

[12:41] {Threei} there, train of thoughts as I guess it {G}

[12:41] {larisa} no thoughts here

[12:41] {Threei} *(GR) GERMAN GOVT SPOKESMAN: REPORTS ABOUT AID TO GREECE ARE UNFOUNDED

[12:41] {Les} wow

[12:42] {larisa} market is just crazy

[12:42] {nemo} quick vxx

[12:42] {Les} but $ is dropping

[12:42] {nemo} it was donw .20 earlier

06[12:42] * nemo slaps Les around a bit with a large trout

[12:44] {Threei} Les?

[12:45] {Threei} UUP jumped at the sasme moment

[12:45] {Les} WFC b/d?

[12:46] {Les} ok. $ bullishness

[12:48] {Threei} let me speak for the EU for one day

[12:48] {Threei} I will retire tomrrow

[12:48] {Threei} sell farm anf family, go long, announce aid to Greece

[12:49] {Threei} sell everything, go short, announce no aid to Greece

[12:49] {Threei} repeat 5 times, buy back farm and family, retire

[12:51] {Threei} Long Setup: VXX .50

[12:52] {nemo} lunch breakout

[12:53] {Threei} no

[12:53] {Threei} market breakdown

[12:53] {Threei} sounds more plausible for lunch?

[12:53] {nemo} ahh, stop under .30?

[12:53] {Threei} I wanted .35...

[12:53] {Threei} let's see if it reestablishes

[12:54] {Threei} no

[13:02] {Threei} *(US) TREASURY'S $40B 3-YEAR NOTES DRAW 1.377%; BID-TO-COVER RATIO: 2.83 V 2.98 PRIOR AND 2.85 AVG OVER THE LAST 10 AUCTIO

[13:03] {Threei} UAUA prolonged consolidation near the high

[13:06] {Threei} Long Setup: VXX 32.10 break

[13:08] {Threei} .95 stop

[13:08] {Threei} no go

[13:10] {Threei} everyone's asleep?

[13:11] {Threei} I'll go sleep too

[13:11] {strider} no.....

[13:11] {strider} not asleep.

[13:11] {larisa} yes, no :)

[13:14] {Threei} (US) House of Representatives officially cancels votes scheduled for this week due to snow storms

[13:14] {Threei} too bad vote on global warmning measures wasn't schedule this week

[13:15] {Threei} that would have provided me with material for jokes for a month at least

[13:17] {Threei} crap

[13:17] {Threei} VXX shakeout

[13:25] {Threei} Google Inc Introduces "Google Buzz" social networking functionality for g-mail

[13:25] {Threei} - also reportedly plans to launch tools that help time management and productivity.

[13:25] {Threei} - reminder: it was reportedly yesterday that Google was preparing to launch social network feature via g-mail service.

[13:25] {Threei} oh good more social networks

[13:26] {Threei} timely, as I was losing my mind trying to find the way to communicate with people over internet

[13:26] {Les} my uni has gone over to google email for networking teacher/students

[13:26] {Les} I get friggin lost trying to connect

[13:27] {Threei} we need to take lessons from folks in Nigeria

[13:27] {Threei} they don't seem to have problems communicating and finding us

[13:27] {Threei} - "Buzz" automatically follows contacts in chat and e-mail, providing social updates, provides Twitter updates, and integrates Youtube and photo functions.

[13:27] {Threei} perfect... my e-mail takes over my social life

[13:28] {Raven} just more crap to assure that the children of this nation become more useless and ignorant by the day

[13:29] {Les} yeh I had a go connecting with twitter.

[13:29] {Les} friggin twits annoying me with crap

[13:29] {Raven} all they know how to do is twitter and listen to garbage music

[13:29] {Threei} children of the corn twitting in myspace with therfacebooks down youtube

[13:30] {Les} sounds psychadelic

[13:30] {Raven} sigh ... whatta country

[13:30] {Threei} GR) Germany Fin Min: EU will discuss Greek recapitalization steps

[13:30] {Les} oh stop it vad

[13:30] {Les} enough rumour/counter rumour for one day

[13:31] {Threei} hey, I am not writing it

[13:31] {Les} happily we rely only on the setup and not rumour

[13:31] {Raven} this is rediculous ... I will go to Post Office

[13:31] {Threei} - Says that all other reports on Greece's aid are speculations

[13:31] {Threei} no you won't Raven

[13:31] {Threei} a few more years of twitting, and post offices will close

[13:32] {Threei} you want to talk to someone - you twit

[13:32] {Threei} tweet?

[13:32] {Raven} double sigh ... I'm outta here

[13:32] {Threei} me too

[13:32] {Threei} astop the Earth, let me out

[13:33] {Raven} and don't be callin' me a twit

[13:33] {Threei} these days we are all twits

[13:33] {nemo} sits on his branch and squawks...sheesh

[13:33] {Threei} or,

[13:33] {Threei} these days we all twitch

[13:33] {Les} HIG closing in on lod again

[13:34] {nemo} twitch or tweet

[13:34] {nemo} we need help

[13:34] {Threei} I am afraid we are beyond

[13:34] {Les} not so bad, if this is the asylum

[13:34] {Les} prefer this to the ordinary world

[13:35] {Threei} our facebooks are too far down the youtube, no twitting in empty myspace will help

[13:35] {Les} sigh

[13:35] {nemo} better edit the log

[13:35] {Threei} not going to

[13:35] {nemo} o.k.

[13:35] {Les} fcx 72 b/d?

[13:35] {nemo} wonder what trev must think

[13:36] {Threei} too far from there Les

[13:36] {Les} these stocks don't know when to roll over and die

[13:38] {Threei} I'd rather try to shiort .20 break

[13:39] {Threei} stop just formed itself too

[13:39] {Threei} .20 - .35

[13:40] {Threei} US Pres Obama to take impromptu questions from press corps; first time in 4-6 months

[13:40] {Threei} - Obama notes that is ready to start from scratch on healthcare bill with regards to listening to new ideas

[13:52] {Threei} TM BofA/Merrill makes positive comments

[13:52] {Threei} - note: Merrill has a Buy rating on Toyota

[13:53] {Threei} US Pres Obama: Will not accept another year of committee work and partisan rancor.

[13:53] {Threei}

[13:53] {Threei} hmmm

[13:53] {nemo} what's he gonna' do, hold his breath

[13:53] {Threei} in which form exactly his non-acceptance will manifest itself?

[13:53] {dino} roflol

[13:53] {Les} RIMM .75 B/o?

[13:53] {dino} i believe he will except nothing and like it

[13:54] {nemo} ?

[13:54] {Threei} (IA) US Pres Obama: Major powers making progress on issue with Iran; developing a range of sanctions (related GLD XAU/USD USO )

[13:54] {Threei} can't tell les

[13:54] {Threei} not clear

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

[14:00] {Threei} - NYSE volume 750M shares, about 21% above its three-month average; advancers lead decliners by 5.4:1.

[14:00] {Threei} - NASDAQ volume 1.5B shares, about 11% above its three-month average; advancers lead decliners by 2.4:1.

[14:00] {Threei} - VIX index -3.5% to just over 25.50

[14:18] {Threei} DNDN CEO: expect to have full manufacturing ability for Provenge by mid-2011 - investor conf comments

[14:18] {Threei} I gues we still have little time to buy it

[14:19] {nemo} amsc only up .24 today

[14:20] {dino} all i can say about that is it is not down (yet) for once

[14:21] {Les} market has dropped below 200 ma first time for the session

[14:22] {nemo} which indice?

[14:22] {Les} q's and spy. 1 min chart

[14:22] {nemo} mmmhhhhh....guess I have a different chat

[14:22] {nemo} chart

[14:36] {Threei} Fed's Bullard expects Fed to take 5 years time to bring down size of balance sheet - Nikkei news

[14:37] {Threei} he forgot to mention which year they start

[14:37] {Threei} he also forgot to quantify "bring down"

[14:41] {billyc} i have to go guys thanks for the calls have a great night see you in the am

[14:42] {nemo} P&Q

[14:42] {Threei} too fast

[14:43] {nemo} what was?

[14:43] {Threei} (GR) Germany considering loan guarantees and other troubled Eurozone countries WSJ cites sources

[14:43] {Threei} billy's exit

[14:43] {nemo} oh

[14:43] {nemo} thought you missed a call

[14:44] {Threei} - guarantee plan would be initiated by the EU; and the plan has been discussed with the ECB, and plan may not start this week

[14:46] {Les} RIMM is close to decent b/d

[14:46] {Les} would like a small bounce

[14:52] {Les} MS has pivot support .90. stop 27 looks ok. 93 b/d?

[14:52] {Threei} pretty much dependent on market help

[14:53] {Threei} and market jumps up and down with no rhyme of reason today

[14:54] {dino} sort of like jim cramer does

[14:54] {Threei} lol

[14:55] {nemo} watching him has the same effect on me as a triple espresso

[14:55] {Les} 50's have crossed under 200's. market seems to be dropping more consistently now

[14:56] {Les} then again, been doing that all day. sigh

[14:58] {Threei} NEXS Ticks higher after Dept of Energy CALiPer test confirms Array Par 30 has highest efficacy LED directional lamp

[14:58] {Threei} what the deuce

[14:59] {Threei} GOOG Co-Founder Brin: It is "very hard" to operate in China under current conditions

[15:16] {Threei} hmmm

[15:16] {Threei} AVAV Receives $17.1M order from US Army for the Raven unmanned aircraft system

[15:16] {nemo} AWIAV?

[15:16] {Les} alcoholic stupor

[15:16] {nemo} I wish...thanks for reminding me

[15:16] {Threei} I personally am in deep sadness about sorely missed UAUA

[15:17] {Les} reach for vodka bottle

[15:17] {Les} you will forget your problems

[15:17] {nemo} just goes from mental anguish to physical

[15:17] {Les} ow wow UAUA hasn't stopped.

[15:18] {Les} but you know vad we would have suffered scalpers regret if we'd taken it

[15:18] {nemo} Life is pain

[15:18] {Les} its always regret, no matter what you do

[15:18] {Threei} you guys don't pay attention

[15:18] {Threei} Raven unmanned aircraft system

[15:19] {Threei} combined with Raven's habit of "circling" people he dislikes...

[15:19] {nemo} he's a raven, of course he's un "manned"

[15:19] {Les} yeh, couldn't think of any pithy one liners...

[15:19] {Les} and I don't know anything about Raven

[15:19] {Les} he's as mysterious as the bird in Edgar Allen Poe's epic

[15:19] {nemo} speaking of one liners....

[15:19] {nemo} that's all we got out of magoo today

[15:20] {nemo} epic what?

[15:21] {Les} epic poem

[15:21] {Threei} you just be careful Les

[15:21] {nemo} before your time we'd go back and forth on it

[15:21] {Les} "The Raven"

[15:21] {Threei} because those Raven's may easy switch from Nevermore to NeverLes

[15:22] {nemo} nice one

06[15:22] * Threei take a bow

[15:22] {Les} no he doesn't deserve credit for that

[15:22] {nemo} watch it Les

[15:22] {nemo} you're trodding hallowed ground

[15:22] {nemo} er....branches

[15:22] {dino} .

[15:23] {nemo} ~

[15:23] {Les} we are bored today aren't we

[15:23] {dino} yeah

[15:23] {Les} been trying to nail HIG.

[15:23] {nemo} Life in the Asylum

[15:23] {Les} everytime it gets to the bottom

[15:24] {Les} wham! reverse course

[15:24] {nemo} breakdowns tough on a strong up day

[15:25] {Les} but don't want to go long either

[15:25] {nemo} ?

[15:25] {Les} I don't

[15:27] {nemo} Looks like we'll probably finish near the highs today

[15:27] {Threei} big red candle came while you were typing that

[15:27] {nemo} still in the trend though

[15:27] {Threei} (GR) ECB declines comment on latest WSJ report concerning German loan guarantees

[15:27] {Threei} - Note: earlier it was reported that Germany considering loan guarantees to Greece and other troubled Eurozone countries - WSJ cites sources

[15:28] {nemo} This is a frickin' comedy skit

[15:29] {Les} except its not funny

[15:29] {strider} The stock you mentioned awhile ago......avav????

[15:29] {nemo} how much you get strider?

[15:29] {strider} is that the right sym?

[15:29] {nemo} yep

[15:29] {Threei} yes.. why?

[15:30] {strider} OK...just couldn't find any news since 2/4

[15:30] {Raven} Neverenough !

[15:30] {Threei} 3:13:29 PM

[15:30] {Threei} AeroVironment Receives $17.1M order from US Army for the Raven unmanned aircraft system

[15:30] {Threei} - contract action was not awarded as a fixed price type because uncertainties involved in contract performance did not permit costs to be estimated with sufficient accuracy to use any type of fixed price contract. As such, a cost-reimbursement type action was awarded

[15:31] {Threei} - The options consisted of Accounting for Contract Services, Performance Based Logistics, Training and Contractor Logistics Support. Also definitized NTE options for the Family of Systems for the Raven Unmanned Aircraft System

[15:31] {Threei} - Note: Co reports approx $73M in revenues per quarter

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 940M shares, about 16% above its three-month average; advancers lead decliners by 6.1:1.

[15:31] {Threei} - NASDAQ volume 1.88B shares, about 8% above its three-month average; advancers lead decliners by 2.5:1.

[15:31] {Threei} - VIX index -3.75% to just under 25.50

[15:32] {Les} lol, you seen the raven?: http://en.wikipedia.org/wiki/RQ-11_Raven

[15:32] {Les} where can I buy one of those

[15:33] {dino} rino rinsed and running

[15:35] {Les} WFC .76 b/o?

[15:35] {Threei} I wouldn't

[15:35] {nemo} .80 resistance

[15:42] {Les} RIMM .20 b/d with .30 stop?

[15:43] {nemo} looking long

[15:43] {Threei} yeah... not a play really

[15:43] {nemo} plus, recent lows only .15 away...risk reward marginal

[15:44] {nemo} I guess he could play it that way with the idea people might want to liquidate their gains

[15:45] {Les} vxx .10 break?

[15:45] {Threei} wort a try I guess

[15:45] {nemo} yeah

[15:45] {Les} hmm

[15:45] {nemo} nope

[15:46] {nemo} all that volume on the hammer, new support .15

[15:47] {Les} l vxx .11 small shares

[15:50] {Threei} OK, qwe have 12 min left, and I find it hard to believe they wouldn't give us last headline on Greece

[15:51] {larisa} I will : v gretsii vsyo est' :)

[15:51] {Threei} lol

[15:51] {larisa} cool to be one of THEM

[15:51] {Threei} I am telling you...

[15:51] {Threei} give me that bullhorn for one day

[15:52] {Threei} 1:1 Les

[15:52] {dino} beware of greeks bearing gifts

[15:52] {Threei} were those danaos?

[15:53] {Threei} wren't

[15:53] {Les} I want more

[15:53] {Threei} 1:2

[15:54] {Les} that'll do

[15:54] {nemo} lotta' faith in this market

[15:54] {Les} out .27

[15:54] {Threei} wtg

[15:54] {Threei} (US) Commerce Dept: to delay Thursday's Advance Retail Sales data to Friday

[15:54] {dino} gj

[15:54] {Threei} why?

[15:54] {Les} squeezed out daily profit target

[15:54] {Threei} they didn't finish counting?

[15:56] {dino} cagc drop, files shelf

[15:57] {Threei} AMSC maybe getting ready

[15:57] {dino} for what?

[15:57] {Threei} first day of closing within BBs

[15:57] {Threei} ever since it started dropping

[15:57] {dino} insider selling was part of the issue

[15:58] {Threei} those are mighty insiders... what, they sold whole float, lol

[15:58] {Threei} come on EU

[15:58] {Threei} 2 min

[15:59] {dino} lol

[15:59] {dino} probably a mistake, but holding jst over

[16:00] {Les} night all. ty

[16:00] {Threei} good luck

[16:00] {larisa} bye :)

[16:00] {Threei} thank you all

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

[16:00] {nemo} gnite

[16:00] {strider} thanks, vad...see you in the morning.

[16:01] {fernp} Good evening everybody. See u all tomorrow