Feb 10 2010

Session Time: Wed Feb 10 00:00:00 2010

Not too active but nicely profitable day. Being bombarded be endless headlines, we decided to stay on careful side. Picky trading paid off with wins outweighing stop at the rate about 5 to 1

[07:58] {Threei} TM Reportedly firm planning ot suspend production of Lexus HS250h, Sai Hybrids -Kyodo

[07:59] {Threei} ***Reminder: On Feb 8 - Toyota plans to suspend production of Sai and Lexus hybrids in Japan later this week, and continue to idle the plants for at least one week - Nikkei news

[07:59] {Threei} - Move will affect production of about 4,000 vehicles.

[07:59] {Threei} not biggie I believe

[08:06] {Threei} GR) Reportedly German official: Sees no concrete steps for Greece at summit; Debating aid will not solve issue

[08:31] {Threei} *(US) DEC TRADE BALANCE: -$40.2B V -$35.8BE

[08:34] {Threei} ATHX UPDATE: Receives U.S. Patent Covering Adult Stem Cell Composition & Production

[08:34] {Threei} - Athersys also announced that it has been granted and the opposition period has cleared EP patent

[08:36] {nemo} Bernanke talking today about deleveraging, should be some moves in fas/faz

[08:37] {Les} haha thought you said Berlasconi, was gonna say wtf?

[08:37] {Threei} 10:00 Fed Chairman Bernake to testify before House Financial Services Committee. 09:30 Fed's Tarullo testifies before Senate Panel on systemic risk. 12:45 Fed's Plosser speaks on the financial crisis.

[08:42] {Threei} More Voters Now See Obama As Confrontational

[08:43] {Threei} heh... I forecast a year ago, this guy will be so divisive, W will look like dove of peace

[08:43] {Threei} Reminder: Today's Bernanke House hearing has been delayed but his testimony will still be released from embargo at 10:00ET

[08:43] {Threei} - The topic of the House hearing is "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery."

[08:43] {Threei} - The hearing has been postponed due to the snow storm on the east coast.

[08:43] {Threei} **In some of his most recent commentary from last month, Bernanke noted:

[08:43] {Threei} - Fed is confident it can control monetary and credit growth; Fed officials understand that the balance sheet needs to be normalized; Raising rates on reserves is one way to control balance sheet.

[08:43] {Threei} - Policy decisions must be forward looking; Policy decisions in early 2000 do not seem to be inappropriate; Not worried about confidence in US financial system.

[08:43] {Threei} - Economy only now beginning to recover from deep recession; Monetary policy may not be appropriate for dealing with bubbles; Appropriate response for dealing with housing bubbles is regulatory rather than monetary; Rate hikes are not the best tool to burst asset bubbles.

[08:43] {Threei} - Dollar remains the dominant reserve currency.

[08:43] {Threei} - If the regulatory system is not reformed to deal with future bubbles or if it is not able to keep risks in check, we must remain open to using monetary policy as a supplementary tool for addressing those risks.

[08:50] {Threei} Greece PM: Reiterates view that Greece has the will to implement stability plan

[08:51] {Threei} if it does, why the need to reiterate?

[08:52] {Les} gonna be another up and down day is it?

[08:52] {Threei} with all the headlines coming, sure feels like it

[08:53] {Threei} it's all too fresh, so reaction still should be pronounced

[08:53] {nemo} We'll see more as Bernanke's speech gets digested

[08:53] {Threei} in a while it gets old and market starts ignoring all but really material items

[08:56] {nemo} amsc up .41

[08:56] {Threei} IC) ICELAND JAN UNEMPLOYMENT: 9.0% V 8.2% PRIOR

[08:56] {nemo} whoa

[08:57] {Threei} boy, is Europe screwed

[08:57] {nemo} BOHICA

[08:58] {Les} I have the feeling we're all screwed this year

[08:59] {Les} still as long as the market goes up or down, there's a dollar in it for us

[08:59] {nemo} who makes vaseline? buy stock

[08:59] {Les} naughty

[08:59] {nemo} Older I get, less I like pain

[09:00] {Threei} as long as you like causing it, you are young in your heart

[09:01] {nemo} NP...just takes longer to heal these days

[09:01] {Threei} STEM Announces First Human Neural Stem Cell Transplant in Landmark Myelination Disorder Trial

[09:02] {nemo} Parkinson's?

[09:02] {Threei} Pelizaeus-Merzbacher Disease

[09:06] {nemo} big offer fcx .58

[09:07] {fernp} Good morning everybody

[09:07] {Les} hey fern

[09:07] {Threei} fern :)

[09:08] {nemo} hola fern

[09:15] {strider} morning everyone.

[09:15] {Threei} strider :)

[09:15] {strider} :)

[09:16] {Les} strider

[09:17] {strider} morning les.

[09:19] {Threei} (GR) Press speculation surfaces that German Gov't cannot aid Greece

[09:19] {Threei} ***Reminder: Earlier today a German official commented that it was unlikely to see concrete steps for Greece at summit, and debating aid will not solve the issue

[09:21] {lasertrev} gm

[09:21] {Threei} trev :)

[09:21] {nemo} trev lari

[09:21] {larisa} gm vad, nemo and everybody :)

[09:21] {Threei} larisa :)

[09:23] {nemo} chicago had an earthquake

[09:23] {Les} hey larisa

[09:24] {larisa} hi les :)

[09:27] {Threei} nemo?

[09:27] {Threei} serious?

[09:27] {nemo} http://www.nbcchicago.com/news/local-beat/Breaking-News-Earthquake-Shakes-Chicagoland-84000302.html

[09:28] {nemo} lotta' them lately

[09:28] {nemo} prelude to 2012

[09:28] {dino} gm all, six inches of snow so far

[09:28] {Threei} dino :)

[09:28] {ese} good morning

[09:28] {Threei} ese :)

[09:29] {strider} dino, ese.

[09:29] {ese} st vad

[09:29] {nemo} tm up 1.29

[09:31] {nemo} wow ntgr

[09:31] {billyc} gm all happy Wednesday

[09:31] {Threei} billy :)

[09:31] {Threei} NTGR earning, guidance, couple upgrades

[09:31] {Les} hey billy

[09:32] {Threei} Yesterday 16:11 NTGR Reports Q4 $0.34 v $0.22e, R $219M v $179Me

[09:32] {Threei} - Q4 Gross Margin 31.1% v 33.5% q/q v 30% y/y

[09:32] {Threei} - Guides Q1 Rev $195-205M v $178Me

[09:32] {Threei}

[09:32] {Threei} GR) Greece Central Bank: Jan cash deficit at 818M

[09:33] {ese} in and out brcm .67/ .93 +.26

[09:33] {Les} nice

[09:33] {lasertrev} ese dcc please

[09:35] {fernp} WFC 27 break, Vad?

[09:36] {Threei} couple more bars...

[09:36] {Threei} so .90 support is firmer

[09:36] {fernp} ok ty

[09:36] {Threei} next bar break yes, if holding above .90

[09:37] {Threei} there, valid now - IF holding above .90

[09:38] {Threei} (GR) ECB council is reportedly planning a conference call on Greece debt crisis at 12:30pmET

[09:38] {Les} TM .70 break vad?

[09:39] {Threei} no...

[09:40] {Threei} or rather: coin toss

[09:40] {Threei} don't see it one way or another

[09:40] {Threei} overall guys:

[09:40] {Threei} today is the day of endless headlines

[09:40] {Threei} Greece and Big Ben

[09:40] {Les} s tm .59

[09:40] {Threei} let's be very conserbative, very picky and quick to get out

[09:41] {larisa} go outside, make snowman ? :)

[09:41] {Threei} snowgirl?

[09:41] {larisa} :)

[09:41] {Les} I should've booked my haircut for 11 am NY time, not before opening

[09:42] {nemo} fcx coughing up a furball

[09:45] {Threei} Short Setup: NTGR .75 break half lot

[09:45] {Threei} if stays under .90

[09:48] {Les} stopped TM

[09:49] {Les} unfortunately type 1 scalp required for TM there, which my account does not permit. if that be the case, need to find, sub-$20 stocks

[09:51] {Threei} TM is last stock I would use for scalp type I

[09:51] {Les} lesson learnt today

[09:51] {Threei} well, second last, first being GOOG {G}

[09:51] {Les} tm has been a money spinner for me

[09:52] {Les} but not if it must be quick small scalp

[09:52] {Threei} you need a thick stock with huge liquidity for that

[09:52] {Threei} look at FITB level 2

[09:52] {Les} PM miners might be bouncing before further b/d, can't tell. KGC, GG, SLW

[09:52] {Threei} that's your typical scalp type I stock

[09:53] {Les} yeh ok

[09:53] {Les} PM miners following market. sorry

[09:55] {nemo} rimm strong again

[09:56] {Threei} I continue looking for short entry on NTGR

[09:57] {nemo} it's forming downtrend, short at the top

[09:57] {Threei} right

[09:57] {Threei} Short Setup: NTGR .75 if stays under .85, half lot

[09:58] {nemo} tm strong, guess it bottomed

[09:58] {Threei} EU's Barroso: Part of EU's growth potential has been adversely impacted by the crisis; EU must address imbalances in the Euro Zone (related EUR/USD )

[10:00] {Threei} US Fed Chair Bernanke: Fed may opt to raise discount rate before long; change would not mean outlook on policy is shifting

[10:00] {nemo} 1:1

[10:01] {Threei} [09:40] {Threei} today is the day of endless headlines

[10:01] {Threei} [09:40] {Threei} Greece and Big Ben

[10:01] {Threei} how about this red candle eh

[10:01] {Threei} EUR/USD Dollar firms on initial Fed's Bernanke written remarks; tests 1.3710

[10:03] {Threei} Long Setup: VXX .80 break half lot

[10:03] {Threei} if stays above .65

[10:07] {Threei} 1:1

[10:07] {fernp} ty Vad

[10:07] {Threei} welcome sir

[10:07] {billyc} thank you

[10:07] {Threei} 1:2, out

[10:08] {Threei} :)

[10:08] {Les} damn

[10:08] {Les} but ty for the setup

[10:08] {Threei} what, you didn't believe in me?

[10:08] {Les} no, took the scalp, but underestimated VXX again

[10:09] {Threei} it's eassy to underestimate, I do it every day

[10:09] {Les} its a nice trading tool

[10:09] {Threei} don't regret it todasy

[10:09] {Threei} today is not your normal day

[10:10] {Threei} safety is concern number 1

[10:10] {Threei} well, it always is... but today is more than usual

[10:11] {strider} vad, next time we have a normal day...will you let us know:)

[10:11] {Threei} bet on it strider - will it be OK if I do it after the day is over?? :)

[10:11] {strider} oh...

[10:11] {strider} never mind.

[10:11] {Threei} 16:01 - hey. today was normal!

[10:12] {Threei} well, seriously - sometimes you just know that things are scorching hot emotionally

[10:12] {Threei} and today we have too many material developments

[10:12] {Threei} market can easily get tired of listenting tothem,

[10:13] {Threei} that's when it will return to less jerky trading

[10:13] {strider} seriously stopped NTGR

[10:13] {Threei} why not take 1:1?

[10:13] {strider} -.19

[10:13] {Les} didn't fill

[10:14] {strider} you're right, can we do that over?

[10:14] {Threei} 1-2 cents... come on

[10:14] {nemo} yeah, in this haphazard environment

[10:14] {Les} yeh wasn't fast on the ball

[10:14] {Threei} [09:40] {Threei} let's be very conserbative, very picky and quick to get out

[10:14] {strider} well how the heck do you know that you should take .01- or .02 less...and not wait for the goal?

[10:14] {nemo} wham bam thank you mam-trading

[10:15] {Les} strider I seriously considered stopping flat, could see the stock didn't want to drop

[10:15] {strider} you're smarter than I am, Les :)

[10:16] {Les} it can only have a go at support so many times before choosing the easier route

[10:17] {Les} can only have a go at breaking support so many times

[10:17] {nemo} tm at support

[10:21] {strider} short TM .60

[10:21] {Les} tak the scalp

[10:21] {nemo} partial

[10:22] {nemo} if you don't don't tell us

[10:23] {Les} TM support .37

[10:23] {nemo} 200 ma on tm is .25

[10:25] {strider} cover .43 +.17

[10:25] {larisa} did you cover because of that, strider?

[10:26] {larisa} [10:21] {Les} tak the scalp

[10:26] {larisa} [10:21] {nemo} partial

[10:26] {strider} because of what?

[10:26] {nemo} she's implying peer pressure

[10:26] {strider} I have peers?

[10:26] {larisa} lol

[10:26] {Les} nonsense larisa. strider would tell us to get stuffed if he wanted to

[10:26] {Threei} lopl;

[10:26] {nemo} I just said, partial by the way

[10:27] {nemo} lopl?

[10:27] {ese} http://www.youtube.com/watch?v=Qmf_C-gzYQc My Rhythm and blues band The Midnights....at Blues Bash here in Victoria

[10:27] {Threei} yeah, that lol typed with accent

[10:27] {strider} I thought you were looking for your teeth, nemo.

[10:27] {larisa} LOL

[10:27] {nemo} still have all of them strider

[10:27] {larisa} ok, next time I will not worry for strider

[10:28] {Threei} hey, famiuliar faces, ese!

[10:28] {Les} NTGR going to test 50 ma. short entry somewhere?

[10:28] {ese} yup.....it's a good band....fun band...great people to work with

[10:28] {strider} Thanks, larisa....but I did cover for the wrong reason, I think..just not for THAT wrong reason.

[10:29] {ese} how bout that drummer eh?

[10:29] {Threei} it's the same event I was lucky to photograph

[10:29] {strider} I probably did it to make back my loss on NTGR.

[10:30] {Les} FITB salmon drop

[10:30] {larisa} this is understandable, I just wanted to kill both of them while they were giving you advices during the trade:)

[10:30] {ese} yup....sure was vad......finally got the mixed to where it sounds good on video

[10:30] {ese} sound mixed

[10:30] {strider} That's better than what vad does. He gives me advice AFTER the trade.:)

[10:30] {Les} fitb .30 b/d?

[10:30] {Threei} lol

[10:31] {strider} And won't let me rewind.

[10:31] {Threei} Les... slow and narrow - fir type I, maybe,

[10:31] {nemo} you on skins ese?

[10:32] {Threei} but better try aggressive entry then while market os droopping and FITB lags

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; decliners lead advancers by 5.8:1.

[10:32] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 3.2:1.

[10:32] {Threei} - VIX index +0.75% to just over 26.00

[10:32] {ese} yup...thats me nemo

[10:32] {nemo} handsome bastard

[10:33] {strider} HOG is bleeding today.

[10:33] {ese} I have a degree in hitting things........oh alreight...it B of Mus Ed in Percussion Performance with a mathematics minor

[10:33] {nemo} I have a degree in hitting things to :)

[10:34] {ese} cool......what

[10:34] {strider} so you can hit things with mathematical precision.

[10:34] {ese} yup

[10:34] {strider} wow.

[10:34] {nemo} mine are not politically correct studies

[10:34] {ese} hmmmmmmmm

06[10:34] * strider slaps nemo around a bit with a large mathematics book

[10:35] {nemo} tower bottom on TM

[10:35] {nemo} looking for right side of inverse H&S

[10:37] {Threei} FITB Exec: expecting 2010 losses less than those seen in 2009 - investor day

[10:37] {nemo} crissakes, paying attention to that vid and tm broke above .20

[10:39] {nemo} hit 1:2 if anyboy paying attention

[10:39] {nemo} .50 resistance

[10:40] {nemo} 1:3...sob

[10:40] {Les} sorry you said something nemo

[10:40] {Les} was enjoying the music

[10:41] {dino} sidetracked day here

[10:41] {strider} so was I, les.

[10:41] {Les} you'll have to come out to Darwin listen to Australian Jazz musicians on the lawns of casino during dry season

[10:42] {Les} ese, july, august, darwin is full of european girls and good pub life

[10:42] {Les} great weather

[10:42] {nemo} 1:4

[10:42] {ese} i'm in....

[10:42] {Les} saw fitb go long, but didn't think it would be this long

[10:42] {strider} Russian women are the best of the best, imo.

[10:43] {ese} can i get my band invited there?

[10:43] {nemo} in what ese

[10:43] {Les} good question. one day I'll return and look up the Casino, who organises it

[10:43] {ese} that festival in Darwin

[10:45] {Les} no its not festival. during dry season, jazz music every sunday afternoon with booze and food and fantastic sunset

[10:47] {ese} baby!!!!! my kind of town!

[10:48] {Les} yeh I dream of making money here with you guys and returning home two months during summer

[10:48] {fernp} JPM, Vad? breakdown?

[10:48] {Les} a few years from now

[10:48] {strider} vad, TM have enough consolidation for a long entry?

[10:49] {Threei} can't tell fern

[10:49] {strider} whoops.

[10:49] {Threei} looks like a good candidate to shake you ourt

[10:49] {Threei} TM answered, eh :)

[10:49] {strider} that was my second choice.

[10:50] {nemo} what was oil numbers?

[10:50] {nemo} were

[10:50] {ese} L brcm .65

[10:50] {dino} wow jst just sold fromn yesterday at 46.75, +1.95

[10:50] {Threei} aren't in nemo

[10:50] {Les} nice one dino

[10:50] {Threei} don't know why

[10:51] {dino} got lucky

[10:51] {Les} very

[10:51] {larisa} all numbers postponed by Friday due to bad weather :)

[10:51] {larisa} gj dino

[10:52] {dino} ty

[10:53] {Threei} sheesh AMAG

[10:53] {Threei} see JPM fern?

[10:56] {dino} hmm amsc green

[10:57] {Threei} HIG Hearing takeover chatter circulating

[10:57] {larisa} MEE trying to break downtrend

[10:58] {Les} fitb .60 b/o?

[10:59] {Threei} only after pullback, holding .55 and with market help

[10:59] {Les} sheesh not asking much is it

[10:59] {strider} AINV, slow mover

[10:59] {fernp} NYX, Vad? any read?

[11:00] {ese} out brcm .72 +.07 4k

[11:01] {dino} gj

[11:01] {Threei} no fern

[11:01] {fernp} i see. TY

[11:01] {Threei} don't like it as trading candidate

[11:02] {ese} tks

[11:06] {Les} finnies coming down

[11:07] {Les} MS is leading. watching wfc and fitb

[11:08] {Threei} GOOG Reportedly planning to build and begin testing ultra high speed broadband networks in a small number of US trial locations

[11:09] {nemo} damn ntgr broke

[11:10] {strider} Good. I hope it's FUBAR.

[11:10] {Les} I want my money back

[11:10] {nemo} yeah snafu

[11:12] {strider} AMZN in nice range.

[11:13] {larisa} missed .40 break on it for scalp

[11:15] {strider} TM in same pattern

[11:15] {strider} a dastardly duo

[11:15] {nemo} Dick an Muttley

[11:24] {nemo} scalped rimm .49-.35

[11:24] {nemo} lucky I scalped

[11:24] {larisa} on pivot break?

[11:25] {nemo} actually break under 200 at .50

[11:25] {nemo} with pivot just above it, wanted it to clear 200

[11:25] {larisa} gj

[11:26] {Threei} (GR) EU's Juncker confident can find a market satisfying solution on Greece situation

[11:26] {nemo} had support at .30, didn't want to go further

[11:27] {ese} L brcm .71

[11:28] {Threei} (GR) EU officials state bailout is unlikely: CNBC

[11:29] {ese} correction .714815

06[11:29] * nemo slaps ese around a bit with a large calculator

[11:29] {ese} agady agady agady

[11:29] {larisa} out MEE

[11:31] {strider} did good?

[11:31] {larisa} +.40

[11:31] {Threei} I'd say more than good

[11:31] {strider} yeah, well that's ok.

[11:32] {Les} let's all follow larisa

[11:32] {strider} Can't. Restraining order.

[11:32] {Les} VAD fitb might be ready this time?

[11:32] {Les} fas wants up

[11:32] {Les} .06 break

[11:32] {Les} .60

[11:32] {Threei} probably... a bit better odds than last time around

[11:33] {strider} +.10 AMZN long scalp

[11:34] {Les} i'll wait for return to trigger for confirmation

[11:34] {ese} out brcm .79 + whatever

[11:34] {nemo} use the frickin' calculator

[11:34] {fernp} BRCM .80 break, Vad?

[11:35] {strider} good brand name for a calculator, nemo.

[11:35] {nemo} hehehe

[11:36] {Threei} only if market makes a big jump and BRCM gives you a cvhance to enter fern

[11:36] {ese} ahhhhh ok....will get right on that calculation

[11:36] {fernp} ok, ty

[11:38] {ese} with a handle like that ....no wonder

[11:39] {Les} lol, couldn't think up anything funnier than that

[11:40] {Threei} AMSC...

[11:41] {ese} L brcm .74

[11:42] {dino} you take amsc 3i?

[11:42] {Threei} no... still cvan't make up my mind about it

[11:44] {ese} out brcm .69 -.05 to the well too many times

[11:44] {Threei} Hitwise: Google has 71.5% of US searches in Jan, Yahoo takes 15.6%, Bing takes 9.4%

[11:49] {Les} s brcm .54

[11:49] {Les} .64

[12:02] {ese} vad....stec 1min chrt what do you think.....shs bit thin

[12:02] {ese} .85 to .90 consolidation

[12:02] {ese} ahhh what the heck sm L ,87

[12:03] {ese} middle of range we'll see what happens

[12:03] {ese} markets heading dn but it's holding it's own

[12:07] {Les} stopped brcm. market sux today

[12:09] {nemo} Les...market is always right, so...who sucks today?

[12:10] {Les} smarmy little people who write commentaries like that

[12:10] {nemo} hehehehe

[12:10] {Les} actually BRCM made 1:1. I didn't take it, wanted more. got greedy. got stupid

[12:11] {nemo} scalp day today

[12:11] {Threei} Les... reread that morning warning again

[12:11] {nemo} lunch too

[12:11] {strider} 'got stupid'? Where do you get 'stupid'? I may need some more of that.......have used most of mine up.

[12:11] {Threei} lol

[12:11] {Les} here, let me share some stupid, stupid

[12:12] {Les} :P

[12:13] {fernp} HAL wotrh a try, Vad?

[12:14] {Threei} only if maret spikes sharply

[12:14] {fernp} .ok

[12:17] {ese} have any of you ever subscibed to any of the squawk boxes of the s&p or nyse to get a sense of buying and selling pressure coming into the mrkt

[12:18] {dino} not i

[12:18] {Threei} horribly annoying ese

[12:18] {ese} me neither

[12:19] {ese} ahhhhhhh in what sense

[12:19] {Threei} irritasting noise

[12:19] {Threei} irritating

[12:20] {ese} thats all it is ........just noise......can't hear bids or sells of any kind?

[12:20] {Threei} the idea is, you are supposed to get a feeling of emotions by the decibel level

[12:20] {Threei} no

[12:20] {ese} that seems useless

[12:20] {Threei} well, not for sellers pf thast service

[12:20] {Threei} very useful for them

[12:21] {ese} indeed

[12:21] {ese} i'm liken the look of the stec 15 chart

[12:22] {ese} 15 min

[12:22] {ese} IBM was thinking about buying this company at one time wern't they

[12:23] {Threei} if SPY breaks 107, let's consider AMSC long

[12:23] {ese} i should have know brcm would do something like it's now doing

[12:23] {Threei} ideally I'd prefer pullback to about .60

[12:23] {fernp} out HAL 1:2

[12:24] {fernp} ty Vad

[12:24] {Threei} breakout is less desirable

[12:24] {Threei} welcome sir

[12:24] {ese} daaaaaaaaa and i took a .05 loss

[12:25] {Threei} on what eseZ?

[12:25] {ese} brcm

[12:26] {ese} in.74 out .69 last trade

[12:26] {Threei} oh

[12:26] {Threei} I don't know why you bothered with it at the moment

[12:26] {Threei} market wass dead

[12:27] {Threei} BRCM is not usually moving without market

[12:27] {ese} i just get krazzzy you know......say that with italian accent

[12:28] {Threei} I can't... my accent is the only one I have

[12:28] {ese} and it's cool too!!

[12:28] {ese} gives me that real worldly sense when i'm talkin to you

[12:29] {Threei} (EU) Italian PM Berlusconi: Not expecting Germany to veto ECB's Draghi as a replacement for the current ECB chief Trichet

[12:29] {Threei} - Note: Reports circulated that Germany's Weber was in contention for the spot as head of the ECB

[12:29] {Threei} (GR) Greek PM Papandreou: Insists that Greece never requested any aid, reiterates will do what is necessary to deal with crisis (related EUR/USD SOVRX BUNDS NBG )

[12:29] {Threei} I have to say, I dpon't think I've ever seen market being this sensitive to what's happening in Europe

[12:30] {Threei} asian crisis, russian crisis, south america crisis... it's all we've seen

[12:30] {ese} thats a good point

[12:30] {Threei} Europe - first on my memory

[12:30] {ese} talking about real world.....i'm 2 real world cents dn in stec

[12:31] {Threei} AMSC never gave us pullback

[12:31] {Threei} not chasing it anywasy

[12:31] {Threei} this stock can punish chasing more cruelly than Spanish inquisitor punishes heretics

[12:31] {larisa} todasy, anywasy.. vad:)

[12:32] {Threei} they really need to move keys further apart Larisa

[12:32] {Threei} or I need to stop typing with my elbows

[12:36] {dino} you need a bigger keyboard vad, like those big button remotes

[12:37] {Les} NTGR returning to 24

[12:45] {Threei} ok guys

[12:45] {Threei} let's decide on the direction

[12:45] {Threei} IMO, we are reversing for the moment

[12:45] {Threei} downtrend is likely for the next little while

[12:46] {Threei} but today everything is discretionary, so if you don't feel it's right, simply stay away

[12:46] {Threei} next couple aslerts will be on a short side

[12:47] {Threei} Short Setup: RIMM .75 break half lot

[12:48] {Threei} high of this bounce will define the stop level, and invalidation is .90 for now

[12:48] {Threei} ok, if you are very stingy, keep .85 break as stop level

[12:50] {strider} not much of a bounce

[12:51] {Threei} I still prefer .90

[12:51] {Threei} and would start trailing it after loss of .70

[12:51] {strider} in .74

[12:54] {Threei} (GR) Reportedly EU will work on further details concerning support for Greece on Monday - unconfirmed report

[12:55] {Les} Are there federal communication laws that restrict us from creating our own rumour business?

[12:56] {Threei} I'd suggest to exploit existing ones by delegating nemo in the Rumor Bunker as our spy

[12:56] {Threei} more cost effective

[12:56] {Les} rumor bunker?

[12:57] {Threei} yes.. one under the Gossip Plaza in Hearsay City

[12:57] {Threei} where all this stuff is being produced

[12:59] {Les} ntgr

[13:00] {Threei} RIMM no worky

[13:00] {Threei} first stop for today

[13:00] {fernp} .stopped RIMM

[13:01] {strider} my 2nd

[13:02] {strider} ihr

[13:03] {Threei} reversal notion is wrong so far

[13:03] {Threei} backing away

[13:06] {Les} averaging in ntgr .90

[13:10] {Threei} short?

[13:10] {fernp} SCO, VAd?

[13:11] {Threei} hmm

[13:11] {Threei} what do you see in there??

[13:12] {fernp} .50 break short

[13:12] {fernp} stop above .60

[13:12] {Threei} 50/50 play

[13:12] {Threei} can work, can fail, roll a dice

[13:12] {fernp} already in

[13:12] {nemo} market going higher

[13:13] {fernp} out here

[13:13] {Threei} good roll then

[13:13] {fernp} :-)

[13:14] {fernp} easier for me to see these plays than your RIMM or X calls :-)

[13:16] {Threei} very slow day

[13:16] {Threei} no rythm

[13:19] {ese} am outta here all see ya tomorrow

[13:20] {Threei} take care ese

[13:20] {Les} ciao

[13:20] {fernp} bye ese

[13:25] {Threei} (US) Fed's Fisher: Monetizing debt would be bad for the economy; Fed should be independent

[13:25] {Threei} - Fed must evaluate unwinding policy

[13:25] {Threei} - Recent Fed policy has helped to revive private credit flow and borrowing; economy is 'slowly clawing' its way back but there are still many roadblocks

[13:26] {Threei} UAUA at it again

[13:27] {Threei} (GR) France and Germany are cooperating on Greece rescue plan - WSJ

[13:27] {Threei} sigh

[13:28] {nemo} market should take off on that

[13:30] {Threei} I guess I am too careful today

[13:34] {strider} .

[13:36] {lasertrev} strider dcc

[13:36] {nemo} nothing giving up their trend lines

[13:37] {Threei} in case anyone cares:

[13:37] {Threei} (VN) Vietnam central bank sets a new reference rate of 18,544 VND/USD; adjusted from 17,941 VND/USD

[13:50] {Threei} once again, same question

[13:51] {Threei} are we reversing here?

[13:51] {nemo} no

[13:52] {nemo} indices come back to the 50 period area an continue

[13:54] {Threei} I want to short FITB

[13:54] {nemo} fas is showing weakness

[13:55] {Threei} MNTA

[13:55] {Threei} Momenta Pharmaceuticals Inc Hearing Rodman & Renshaw positive note being circulated (timing uncertain); reiterates call from Feb 5 Rodman note

[13:55] {Threei} - Rodman expects FDA will soon grant approval for M-Enox and believe the stock could "jump to the $20's" on the approval.

[13:55] {Threei} - note: MNTA is scheduled to report earnings tomorrow before the US open.

[13:55] {Threei} Short Setup: FITB .80 break if stays below .85

[13:56] {Threei} there... 5 cents risk, it doesn't get any safer that that

[13:58] {Threei} gnslng, welcome back

[13:59] {gnslng} ty

[13:59] {Threei} sheesh, I foergot how hard it it to type your nick... couldn't you insert a single vowel in it?

[14:00] {gnslng} i thought I would have the opportunity to change it,, which I would like to

[14:00] {Threei} Wednesday, February 10, 2010 2:00:14 PM

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

[14:00] {Threei} - NYSE volume 560M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; decliners lead advancers by 1.2:1.

[14:00] {Threei} - VIX index -4.5% to just under 25.00

[14:00] {Threei} just e-mail admin, he'll take care of it

[14:00] {nemo} aig

[14:02] {Threei} Fed's Fisher: Funds rate target is becoming less effective - Q&A

[14:02] {Threei} uh oh

[14:04] {Threei} - Fed will definately make use of power to offer interest on reserves.

[14:04] {Threei} - Can also sell assets, use term deposits and do reverse repurchase deals

[14:13] {Threei} US) Fed's Fisher: USD will remain world's reserve currency

[14:13] {nemo} this might be the start, if the indices fail at resistance on the 50 ma

[14:14] {Threei} it's time

[14:15] {larisa} told you.. better make snowman

[14:16] {Threei} three problems with that

[14:16] {Les} yeh maybe you could send voice mail next time we have this vad

[14:16] {Threei} a) I am not interested in snowmen, only on snowgirls

[14:16] {Threei} b) there is no snow here

[14:16] {Threei} c) my sluptoring talents are, ummm

[14:16] {Threei} sculpturing

[14:17] {strider} Besides, a snowman requires an extra carrot.

[14:17] {Threei} not much better than my typing

[14:17] {larisa} then your only choice is to watch this market :)

[14:17] {Threei} (IA) IAEA: Iran mentions it will begin production of higher enriched uranium shortly after preparations complete (related GLD XAU/USD USO )

[14:22] {Threei} as if we haven;t heard from Greece today,

[14:22] {Threei} GR) Greece Fin Min: confirmed EU ministers discussed Greece and Juncker will present the common lead at the EU summit

[14:22] {Threei} fiiiinally

[14:22] {fernp} ty

[14:22] {Threei} FITB 1:1 for extreme hard core scaslpers

[14:23] {Threei} Les, that's your type I scalp

[14:23] {Les} ty vad, but I want more

[14:23] {Threei} no problemn, me too

[14:24] {Threei} just wanted to illustrate the point we discussed earlier

[14:24] {Les} understood

[14:24] {Threei} how type I is done - thick slow stock, hugeliquidity, big shares, smallish move

[14:25] {Les} half out. watching 200 ma as potential reversal point at .69

[14:26] {Threei} thank you Les, my retirement is one step closer

[14:26] {Les} you call this a job?

[14:26] {Les} aren't you retired already?

[14:27] {Threei} I have to wake uop when market opens, not when I feel like it, ain't I?

[14:27] {Les} no, but we are always appreciative of your presence :)

[14:28] {Threei} yeah yeah

[14:28] {Threei} that's why nemo greets me each morning with "oh no, not again... opps, err, good morning"

[14:29] {nemo} now, you're making things up

[14:29] {nemo} that's what I think when les logs in

[14:29] {Threei} of course I do... that's how I underatnd fun

[14:29] {Threei} granted, poor understanding

[14:29] {Threei} but what can I do, my sense of humor got frozen at 14 years old level

[14:30] {Threei} people drop in cake face first, I am laughing... cake happens to lie in the puddle, I am hysterical

[14:31] {Les} I can see why you had to Ukraine mafia Vad. Perhaps not most compatible personality type

[14:31] {Threei} yes, that must be it

[14:31] {Les} had to flee Ukrainian mafia

[14:32] {Threei} what the deuce with AIG today

[14:32] {Les} all out .71 fitb

[14:32] {Threei} half out .70 here

[14:33] {Threei} bidding second half .64

[14:33] {Les} crap

[14:33] {Threei} stop b/e

[14:37] {Les} bye bye ntgr

[14:38] {Threei} excuse me:

[14:38] {Threei} TCY.UK Certain 3i Group units considering sale of some ownership in Telecity

[14:38] {Threei} hmmm

[14:38] {Les} out ntgr +.20

[14:38] {Threei} wtg

[14:38] {Threei} things clear up Les, eh?

[14:39] {Les} I broke some of your rules on ntgr

[14:39] {Les} got stopped out on the squeeze with strider this morning

[14:40] {nemo} aig bolted again

[14:40] {Les} didn't take the stop second time after shorting at 11:10

[14:41] {Les} too me it was a weak SOB and I waited for it to come back to me

[14:41] {Les} not a regular trade of mine but did it on this occasion

[14:41] {Threei} I would slap you with frozen trout but I am currently very busy with this:

[14:41] {Threei} 3i group also exploring bidding for some assets being sold by the UK Govt in efforts to trim debt

[14:45] {Threei} here her fitty... 1 cent more

[14:46] {Threei} (US) Treasury Sec Geithner: Access to credit is improving

[14:46] {Threei} whose? geithner's?

[14:46] {Threei} (GR) Spain PM Zapatero: Eurozone most assist Greece

[14:46] {Threei} yeah yeah

[14:47] {Les} ntgr

[14:48] {Les} wrong screen

[14:52] {Threei} (US) Treasury Sec Geithner: Access to credit is improving, cost of loans has fallen sharply, plenty of work remains to be done

[14:52] {Threei} - If Congress passes Obama Administration bank fee plan, ultimate cost of bailouts will be zero

[14:52] {nemo} yeah, right

[14:52] {Threei} how's that?

[14:52] {Threei} what about GM?

[14:52] {Threei} Chrysler?

[14:53] {Threei} GOOG Iranian govt announces it will shut down g-mail, plan to initiate national e-mail service - WSJ

[14:57] {dino} fnm, fre

[14:58] {Threei} nop way

[14:58] {Threei} not that crap

[14:59] {dino} no, i was saying zero cost is bs, fnm, fre are hundrerds of billions

[14:59] {Threei} oh

[14:59] {Threei} whew

[14:59] {Threei} I thought you suggest to look at the stocks

06[15:00] * nemo slaps dino around a bit with a large trout

[15:00] {Threei} prepared to call nearest institution to ask them to check up on you

[15:00] {dino} lol

[15:01] {larisa} nearest to dino or you? :)

[15:02] {nemo} Three Mile Island

[15:02] {Threei} to me of course Larisa, it's snowing where he is

[15:02] {nemo} actually raining near boston

[15:04] {Threei} AOL Announces integration of instant messenger with Facebook Chat (related EBAY GOOG )

[15:18] {fernp} SLE ending on highs

[15:20] {Threei} so far, not very active but profitable day

[15:20] {Threei} in a big sceme of things, flat day with decreasing volume

[15:22] {Threei} staying ratjer close to yesterday's lows

[15:22] {Threei} indicates mostly indecisiveness with sliiiight negative bias

[15:29] {Threei} am I the last one not to fall asleep?

[15:30] {billyc} thanks for the calls i had a good day see you in the am

[15:30] {Threei} take care billy :)

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 725M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.

[15:40] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; decliners lead advancers by 1.1:1.

[15:40] {Threei} - VIX index -3.25% to just over 25.00

[15:43] {nemo} aig is back in play

[15:43] {strider} The wind got my cable connection here.

[15:43] {strider} Using DSL backup :)

[15:43] {Threei} wow really?

[15:43] {strider} yep

[15:44] {Les} that's being prepared

[15:44] {strider} I've had more trouble with cable than you'd ever have the patience to listen to.

[15:45] {strider} Of course they're both above ground lines, so the DSL could go too.

[15:45] {Les} I remember blackouts in Australia. But here everything is buried. Can't remember the last time I had power failure or lost connection

[15:46] {strider} Come to the USA.....we're still in the 19th century.....but.....

[15:46] {strider} we have guns!

[15:46] {nemo} I was just going to say that

[15:46] {Les} you'd be surprised how well armed swiss citizens are

[15:46] {strider} So, when cable goes out.......nemo can shoot the tv.

[15:46] {strider} No, I wouldn't.....I know about the swiss.

[15:47] {larisa} he has postal worker list :)

[15:47] {strider} But I also know that you can't carry them with you, on a daily basis.

[15:47] {nemo} Yeah, you're part of the militia

[15:47] {strider} They have to stay in the closet.

[15:47] {nemo} kinda' like you les

[15:47] {Les} don't ask, don't tell

[15:47] {nemo} hehehehe

[15:47] {larisa} lol

[15:48] {Threei} lol

[15:48] {larisa} les how old are you?

[15:48] {Les} oooooooooooh

[15:48] {Les} now we're getting personal

[15:48] {larisa} we are

[15:48] {Les} 35

06[15:48] * nemo slaps Les around a bit with a large trout

[15:48] {strider} he's an infant.

[15:48] {Les} no I'm not

[15:48] {larisa} I thought 25

[15:48] {Les} you are old

[15:49] {strider} but then, so are you, larisa.

[15:49] {nemo} mentally?

[15:49] {strider} not larisa.

[15:49] {Threei} that's nothing Les... dptl once asked me about size of my monitor - THAT was personal

[15:49] {strider} maybe les.

[15:49] {Les} lol

[15:49] {strider} your lizard?

[15:49] {nemo} he uses a magnifying screen too

[15:49] {Les} monitor translates differently in ukrainian?

[15:51] {Threei} no... I just interpret things in their most gutter-bound meaning

[15:51] {nemo} consistent about it though

[15:52] {Les} oh you must be the life of the party in the Bahamas hey!

[15:52] {Threei} well, just ask those who attended the boat about the Russian way to drink Bahama-mama

[15:53] {larisa} not all Russians are like that

[15:53] {Les} that cocktail of liquor you were drinking would make me vomit

[15:53] {nemo} frickin' sheila

[15:53] {Threei} I wasn't drinking cocktail

[15:53] {Les} you russian Larisa?

[15:53] {Threei} I was drinking rum

[15:53] {Threei} cocktail I used to wash rum down with

[15:53] {nemo} bears defecate in the woods les?

[15:54] {larisa} I am, and I do not drink

[15:54] {nemo} now that's an oxymoron

06[15:54] * larisa slaps nemo around a bit with a large trout

[15:54] {Les} ah so you are that intelligent charming trader Vad was referring to in MPP

[15:54] {strider} nno, nemo. You're an oxy moron.

[15:55] {larisa} no les. I am bot charming or that other word

[15:55] {nemo} strider...that sucked

[15:55] {Les} don't think he said charming. I just made that up

[15:55] {larisa} bot=not

[15:55] {strider} You leave that darling russian girl alone.

[15:55] {nemo} bot=bought=shopping=woman=Larisa

[15:55] {larisa} ty strider

[15:56] {Threei} asylum

[15:56] {Les} that's what the casual readers will think

[15:56] {nemo} rather accurately

[15:56] {Les} you won't see a new client in years at this rate

[15:56] {Threei} closer to rtetirement then

[15:57] {strider} He'll get all the russian women, though. Which is his goal.

[15:57] {Threei} The euro cannot survive if the national interests of EU countries are to prevail, says Simon Heffer

[15:58] {Les} they should of thought of that before introducing euro then

[15:58] {dino} gn all, have o shovel

[15:58] {strider} All for one, and one for...uh....one.

[15:58] {dino} to

[15:59] {Threei} thank you sll

[15:59] {larisa} we have 8 inches too dino. if it makes you feel better :)

[15:59] {Threei} all

[15:59] {Threei} have a good evening, see you later

[15:59] {larisa} bye all :)

[15:59] {strider} :)

[15:59] {Les} ciao

[15:59] {fernp} Good evening everybody. see u all tomorrow

[16:00] {nemo} ahhh...the one sane gentleman in the bunch

[16:00] {larisa} vad, do not forget to clean out this part of log :)

[16:00] {nemo} what...the last 2 hours?

[16:01] {strider} Just clean out Massachussetts, and the problem will be solved.

[16:01] {larisa} lol

[16:01] {nemo} come and get me :)

[16:01] {Threei} hmm

[16:01] {Threei} which part?

[16:01] {strider} I'll send my 'people'.

[16:01] {strider} I have 'people' you know.

[16:01] {nemo} Doesn't everybody

[16:02] {Raven} unbelievable

[16:02] {nemo} frickin' mynah

[16:02] {Threei} lol

[16:02] {larisa} 15:45 and later. delete that

[16:02] {Raven} goddamn zoo

[16:02] {strider} Boston accent.

[16:02] {strider} minah.

[16:02] {Threei} why... it's psrt of our charm, Larisa

[16:02] {Raven} myna

[16:02] {nemo} bird dude

[16:02] {larisa} it is not professional silly

[16:03] {Threei} let me see if I care

[16:03] {Threei} nope... I don't

[16:08] {Threei} PRU Reports Q4 $1.07 v $1.11e, R$6.79B v $6.9Be

[16:08] {Threei} not good

[16:08] {Threei} HIG

[16:09] {Threei} maybe a follower to PRU

[16:09] {nemo} holding so far

[16:12] {nemo} much ado about nothing much

[16:13] {nemo} bad sell, that guy at 22.94 those 50k shares of HIG

[16:13] {nemo} Vad

[16:14] {Threei} hmm?

[16:14] {nemo} just kidding

[16:15] {nemo} insurance companies should be interesting tomorrow

[16:15] {Threei} MET sold down a bit too