Feb 23 2010

Day started with nice TM short for 40 cents profit (which was in retrospect worth much more, dropped over a dollar). Then a few smallish stops ate into profit, leaving day closer to flat. Narrow range for the whole day starting from 10:30 or so hasn't left much room for plays.

Session Time: Tue Feb 23 00:00:00 2010

[08:19] {Threei} Senator Dodd may not release financial regulation this week -CNBC

[08:20] {Threei} I don't know how I am going to survive this week then

[08:20] {nemo} vodka

[08:20] {Threei} the only even if lsight chancer

[08:20] {nemo} ?

[08:20] {Threei} slight

[08:22] {Threei} **Note: On Feb 18th - (US) Aide to Senator Dodd Aide confirms intent to release financial reform overhaul bill next week

[08:22] {Threei} - Follow up: Banking committee members reportedly are evaluating removing ban on prop trading from the Volcker rule - unconfirmed report

[08:22] {Threei} **Also reminder: On 2/11 (US) Senators Dodd (D) and Corker (R) have agree to shelve Consumer Protection Agency legislation. The two Senators were working together on a bipartisan financial reform bill. CNBC now reports that part of that agreement was to shelve the CPA portion of the bill and address it after the rest of the bipartisan bill is crafted.

[08:22] {Threei} CNBC reporters speculate that this strategy is meant to attract moderate Republicans to vote for the reform bill.

[08:40] {fernp} Good morning everybody

[08:41] {Threei} fern :)

[08:44] {Threei} (EU) EU's Barroso: Should not compare EU deficits among members; All EU countries are moving towrads reducing deficits

[08:44] {Threei} lol

[08:47] {Les} so Dems and Reps agree to do nothing; Europe says nothing to it...hmmm

[08:47] {Les} morning :)

[08:47] {Threei} Les :)

[08:53] {Threei} Tuesday, February 23, 2010 8:41:54 AM

[08:53] {Threei} Preview: Q4 and Dec S&P/CaseShiller Home Price Index expected out at 09:00 ET

[08:53] {Threei} - Dec Composite-20 Y/Y: -3.1%e v -5.3% prior; Home Price Index: 146.3e v 146.3 prior

[09:00] {Threei} *(US) DEC SP/CASESHILLER-20 Y/Y: -3.1% V -3.1%E;

[09:00] {Threei} HOME PRICE INDEX: 136.31 V 146.3E

[09:00] {nemo} prices are up 10% yoy in Boston

[09:01] {Threei} JNPR Announces New Common Stock Repurchase Authorization of up to $1 Billion (27.21, 0.00, 0.00%)

[09:03] {Les} anything on your watch list Vad?

[09:04] {Threei} the usual

[09:09] {billyc} gm everyone

[09:09] {Threei} billy :)

[09:09] {strider} morning all.

[09:09] {Les} hey billy, strider

[09:09] {Threei} strider :)

[09:10] {nemo} haroo

[09:10] {strider} nemo, vad:)

[09:13] {Threei} US) Treasury spokesman: US Treasury remains committed to the Volcker rule

[09:14] {strider} TM seems to be shortable today on NAS

[09:14] {Threei} yes

[09:14] {_jfjf64} mornin all

[09:15] {Threei} jf :)

[09:15] {nemo} slb got premarket mojo

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:19] {lasertrev} gm

[09:19] {Threei} trev :)

[09:19] {nemo} lt

[09:19] {Threei} regarding TM, I still think this one has a lot of downside, and its troubles are very far from over,

[09:20] {Threei} but shorting roght into all these congress testimonials seems a bit too obvious

[09:21] {Les} X holding under 53. might be b/o candidate at opening

[09:22] {strider} might be a play in PALM today.

[09:23] {Les} XNPT had nice range yesterday.

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {nemo} dino you missed slb yesterday

[09:24] {nemo} you're kinda' action

[09:24] {Les} hey hey. we needed your extreme trading setups yesterday

[09:25] {larisa} gm all :)

[09:25] {Threei} larisa :)

[09:26] {larisa} vad :)

[09:26] {nemo} Mmmmhhhhh...both Dino and Lari off yesterday....veeeerrrry interesting

[09:27] {larisa} sigh

[09:28] {dino} daughter was sick, no school

[09:28] {nemo} X sitting on pre market lows

[09:28] {dino} she's in office w/me today. brb

[09:28] {Les} thats what makes trading great - flexibility

[09:29] {Threei} Amazon.com Inc BGC reiterates Sell rating, with "3 reasons to sell"

[09:29] {Threei} - Firm believes WMTs acquisition of Vudu is another indicator that WMT is ramping up its digital and ecommerce efforts. Firm notes that WMT created a new group in January called Global.com to oversee its entire ecommerce business including strategy and platforms. Firm expects these moves could increase competition and pricing for AMZN. Firm also points out that AMZN may increasingly seek to pursue dilutive acquisition including the possibility of acquiring NFLX.

[09:30] {Threei} PAKM sharp selling

[09:30] {Threei} PALM

[09:32] {ese} expd L .80

[09:32] {Threei} Short Setup: TM .60 break half lot

[09:33] {ese} out .92

[09:33] {ese} +.12

[09:33] {Threei} if stays under .75

[09:33] {_jfjf64} nice ese

[09:33] {ese} tks....quick

[09:33] {Threei} PALM

[09:33] {Threei} double bottom

[09:34] {Threei} .40 break long

[09:34] {Threei} if stays above .30

[09:34] {nemo} indices probably gonna pull back in a few cents

[09:35] {nemo} that was quick

[09:36] {Les} .30 b/d?

[09:36] {Threei} nah

[09:36] {Threei} just invalidation of long

[09:38] {Threei} RDN momo

[09:38] {nemo} big order .30 palm

[09:38] {Les} s xnpt .69

[09:38] {nemo} indices crapping out

[09:39] {Les} out +.09

[09:39] {nemo} palm holding .30

[09:39] {dino} gj les

[09:40] {_jfjf64} gs

[09:40] {Les} preparing for another possible dead day. taking the money now

[09:40] {ese} any penny dabblers here.....peix

[09:40] {ese} pullback...opinions

[09:41] {Threei} worth a try ese

[09:41] {Threei} I'd prefer it under .30

[09:41] {ese} was just thinkin that

[09:41] {ese} me also

[09:42] {ese} last support yesterday 2:30ish .30

[09:42] {Threei} US) Preview: Feb Consumer Confidence due out at 10:00ET

[09:42] {Threei} **consensus expectation: 55.0e v 55.9 prior

[09:42] {Threei} US) Preview: Feb Richmond Fed Manufacturing data expected at 10:00ET (15:00 GMT)

[09:42] {Threei} **consensus expectation: 2e v -2 prior

[09:44] {ese} it ain't gonna make it

[09:44] {Les} PALM if it breaks thru .41?

[09:44] {Threei} no

[09:45] {Threei} TM short reestablished

[09:45] {ese} peix....oh well....next time

[09:47] {Threei} not a scalp

[09:48] {Les} s slb .29

[09:51] {Threei} TM is ready

[09:52] {nemo} missed

[09:52] {Les} slb stopped

[09:52] {dino} ipcm

[09:52] {ese} nice expd made it to 38....nice run

[09:55] {nemo} 70 should be resistance on rimm

[09:55] {dino} sm l .00, wide jumpy ipcm

[09:55] {Threei} 5 min till numbers

[09:55] {Threei} careful with new positions

[09:56] {nemo} figures, nice DT on RIMM...anyway

[09:56] {Threei} TM maybe forming new short setup

[09:56] {Threei} .50 break

[09:56] {nemo} this close to numbers :)

[09:57] {Threei} comment for the case when it triggers after

[09:58] {Threei} UAUA CFO: Have no data that shows that business travel recovery differs from other recessions (15.68, +0.15, 0.97%) (related LUV AMR )

[09:58] {dino} stop on ipcm is .64

[09:58] {nemo} I don't think the confidence number will have a big effect

[09:59] {nemo} unless it's radically away from estimates

[09:59] {dino} cbrl

[09:59] {Threei} *(US) FEB RICHMOND FED MANUFACTURING: 2 V 2E

[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )

[10:00] {dino} dropping

[10:00] {Les} TM

[10:00] {Threei} *(US) FEB CONSUMER CONFIDENCE: 46.0 V 55.0E

[10:00] {nemo} that's radical

[10:00] {Les} nice

[10:00] {Threei} how about no effect

[10:00] {nemo} I said unless radically away from estimate, that's 20%

[10:01] {Threei} IMF: Fiscal tightening in emerging markets will probably need to begin sooner than first expectations

[10:01] {Threei} this porobably adds to selling pressure

[10:01] {nemo} kick myself for not taking rimmm short

[10:02] {ese} sreens are red

[10:02] {dino} they should just shut up, whats the point of talking about this

[10:02] {ese} screens

[10:03] {nemo} and TM just sits there

[10:03] {Les} looking for another short entry in slb. maybe bounce coming vad

[10:03] {Les} a bounce play?

[10:04] {nemo} aig bouncing, might come back to a short

[10:04] {Threei} (US) FDIC's Bair: More banks are reporting improved earnings, 1 in 5 banks showed a narrower loss in Q4 2009 (related XLF )

[10:04] {fernp} MELI ignoring market

[10:05] {Threei} COIN Signs Licensing Agreement with MassOrganics for New Manufacturing Facility (update) (1.06, +0.10, 10.44%)

[10:07] {dino} meli -2

[10:07] {dino} turning up tho fern

[10:08] {dino} ipcm .55 wall

[10:14] {Threei} Attention: COVER half TM

[10:14] {Threei} scalpers be happy

[10:14] {fernp} ty vad

[10:14] {Les} nice one thanks

[10:15] {strider} PALM

[10:16] {Les} looking at it strider. it respects 50 ma as resistance. and 50 ma descending fast

[10:16] {Threei} stop for the balance is b/e, TM

[10:17] {Threei} any trade under .25 and trail it to above .50

[10:18] {dino} watching pega

[10:20] {fernp} AXS salmon, Vad?

[10:20] {Threei} Short Setup: X half lot

[10:20] {Threei} 52.05 break

[10:21] {Threei} stop above .15

[10:22] {dino} meli drop

[10:23] {Threei} not sure about AXS fern

[10:23] {Threei} can be very volatile

[10:23] {nemo} stopped x

[10:23] {fernp} don't worry, took .50 break w/stop under .40

[10:24] {fernp} 1:1 is here

[10:24] {Threei} TM stop to above .50

[10:25] {dino} gj tm

[10:26] {Threei} ty

[10:26] {fernp} X no go

[10:29] {_jfjf64} vxx vad anythin

[10:30] {Threei} hmmm

[10:31] {Threei} I'd prefer to wasit and get a pullback on it

[10:31] {Threei} wait

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

[10:32] {Threei} - NYSE volume 240M shares, about 2% below its three-month average; decliners lead advancers by 6.4:1.

[10:32] {Threei} - NASDAQ volume 595 shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.

[10:32] {Threei} - VIX index +5.75% to just over 21.00

[10:33] {Threei} Attention: TM cover 1/4 more

[10:33] {Threei} +.40

[10:34] {Threei} this is my trade of the day

[10:34] {dino} lets see if meli holds .70

[10:34] {Threei} stop to above .40

[10:34] {dino} wtfg vad

[10:34] {Threei} ty

[10:34] {_jfjf64} very nice

[10:34] {dino} are you ready for this?

[10:34] {Threei} rare case when conviction and diascipline are on the same side

[10:35] {Threei} let's have it dino

[10:35] {dino} just a second

[10:35] {dino} out ipcm .90, +.90

[10:36] {Les} obscene

[10:36] {dino} lol

[10:36] {Threei} ok... I thought I was ready... no, turns out I was not

[10:36] {Threei} lol

[10:36] {Threei} wtg

[10:36] {Les} :)

[10:36] {Les} nice score

[10:36] {dino} beauty

[10:36] {dino} want pullback under 31.50

[10:36] {_jfjf64} dino

[10:37] {_jfjf64} gj

[10:37] {fernp} wtg dino

[10:37] {dino} ty

[10:37] {_jfjf64} 3i vxx

[10:37] {dino} pega hold .00area well, as does meli around .90, higher lows

[10:37] {Threei} ok

[10:38] {Threei} VXX nice sharp pullback

[10:38] {Threei} probably one more leg comning

[10:38] {Threei} if not .80 break long

[10:39] {Threei} keep it half lomy preferred entry would be closer to .60

[10:39] {nemo} lot?

[10:39] {Threei} 10:39] {Threei} keep it half lot

[10:40] {nemo} came out "lomy" look at iscussions

[10:40] {nemo} discussions

[10:40] {nemo} [10:38] {&Threei} keep it half lomy preferred entry would be closer to .60

[10:41] {strider} stop?

[10:41] {Threei} under .70

[10:42] {ese} this is just not my type of trading day........only being remotely comfortable with shorting this type of day takes me out of the game

[10:44] {Threei} you better practice that shorting ese...

[10:44] {nemo} wfmi strong today up .54

[10:45] {dino} no pullback ipcm

[10:45] {ese} definitely

[10:46] {ese} i see the setups from your book vad......but for some reason or other i don't think that i can judge the momo correctly

[10:47] {nemo} funny, I see shorts easier than longs..you're just too optimistic by nature

06[10:47] * nemo slaps ese around a bit with a large dose of cold cruel reality (and nemo's sense of humor :))

[10:48] {ese} ya ...could be

[10:48] {dino} dead people here

[10:48] {nemo} Dino, you're like the rising sun with that line

[10:48] {nemo} I was waiting

[10:48] {dino} why thank you

[10:48] {nemo} consistence (hobgoblins of something...:))

[10:49] {Threei} Long Setup: VXX .57

[10:49] {Threei} stop under .50

[10:52] {_jfjf64} comon

[10:52] {Threei} come on VXX. market's dropping

[10:52] {nemo} that pile up at .56

[10:56] {Threei} sigh

[10:56] {ese} aaaaaaand....."the red red robin keeps bob bob bobbin along" yeahhhhhhh! have always hated that color......i think my trading screen knows that on days like this

[10:56] {strider} that's it for me today.

[10:56] {dino} wcg sm l .35

[10:56] {fernp} yeah!, sight

[10:56] {Threei} (US) Congressional committee members are reportedly looking at a narrower version of the Volcker rule (related XLF )

[10:56] {nemo} yep me too, maxed out

[10:57] {Les} me too

[10:57] {_jfjf64} grr

[10:57] {ese} i could be joining you st

[10:57] {ese} cya

[10:57] {_jfjf64} rat

[10:57] {fernp} i am still alive :-)

[10:58] {ese} goooooooo fern gooooooooooooooo!

[10:58] {dino} take care strider

[10:58] {dino} me too fern

[10:58] {fernp} lol ese

[10:58] {strider} see ya.

[10:58] {fernp} take care strider

[10:58] {Les} ciao

[10:59] {dino} dgw drop

[11:00] {dino} enoc sm l ave .18

[11:00] {Les} dino, you mind sharing your list?

[11:01] {dino} same as fri, plus palm, pega, ipcm, meli

[11:01] {Les} thanks

[11:01] {dino} np

[11:01] {dino} wcg takes out .50, could run

[11:01] {ese} everyone knows whats gonna happen today eh?

[11:01] {dino} night will come

[11:02] {Les} I will get drunk

[11:02] {ese} traders are bummed out.....decide that've had enough....leave.....and the market is going to have huge rally!

[11:02] {dino} chickened out meli, at .00

[11:03] {dino} will wait for another try

[11:03] {Les} airlines recovering will try uaua .35 break

[11:03] {dino} pega, ugh

[11:04] {ese} was onto that this morning dino....almost went long 34

[11:04] {dino} thats what i wanted, but too late

[11:04] {ese} it beat by .01.....am kicking myself

[11:04] {ese} don't know what the hell i was thinkin

[11:05] {dino} random dance es, thats all, i understand

[11:05] {dino} it may re-test

[11:08] {Threei} MPEL Hearing takeover chatter circulating

[11:08] {Threei} - WYNN rumored as a potential acquirer (related WYNN )

[11:08] {nemo} wfmi steroidal salmon

[11:09] {dino} fcx lod

[11:09] {dino} 5 day low too

[11:10] {dino} clw range .00-.70ish, thin

[11:11] {dino} swm trades w/it

[11:12] {dino} apol, tlvt hold well on list les

[11:12] {Les} k

[11:13] {Les} i like fcx. make or break time here

[11:13] {Les} thinking long

[11:13] {dino} like irish spring

[11:13] {nemo} you have a unique sense of humor

[11:14] {dino} useless junk stuck in my head that i can't get rid of

[11:14] {nemo} definition of irish

[11:14] {Les} never useless. usually has importance to us

[11:14] {Les} lol nemo you are nasty

[11:14] {nemo} I'm half irish

[11:14] {dino} and he says that to a mc

[11:15] {nemo} purposely :)

[11:16] {dino} most likely not today, but gaps ndx 1779, s/p 1075 02/12

[11:17] {dino} netl drop

[11:17] {dino} scanners all red, more down imo

[11:22] {Les} out uaua +.08. scalp scalp scalp out of this hole

[11:22] {Threei} TM Rep Waxman: Ultimately the Toyota crisis will require legislation (72.20, -0.73, -1.00%)

[11:23] {nemo} oh jeez

[11:23] {Les} lol of course

[11:24] {dino} meli .05 sm l

[11:24] {nemo} wfmi, holding above .70 important level

[11:24] {dino} gj les

[11:24] {Les} thanks, gonna need a lot more than that. TM keeps dancing around lod

[11:26] {Threei} Short Setup: TM .20 break half lot

[11:26] {dino} ugh clw

[11:26] {Threei} Former Fed Chair Greenspan: Economic recovery has been very unbalanced

[11:27] {Threei} just shut up already

[11:27] {fernp} stop , Vad?

[11:27] {Threei} you said all you possibly could

[11:27] {Threei} for scalpers above .30

[11:27] {dino} ty 3i, my earlier point. they think they are rock stars or something

[11:27] {Les} haha more unbalanced than his normal economic theory?

[11:27] {Threei} for day traders, .40

[11:27] {fernp} ok ty

[11:27] {dino} clw just went nuts

[11:27] {dino} swm watch

[11:28] {dino} meli stopped -.30

[11:29] {dino} swm sm l .50

[11:30] {nemo} where's your stop dino

[11:31] {dino} .18

[11:36] {Les} fcx looking more like a short

[11:36] {nemo} careful on breakdowns going into lunch

[11:37] {Threei} out

[11:37] {dino} mkt going up

[11:37] {fernp} stopped TM

[11:37] {nemo} wfmi

[11:37] {_jfjf64} grr

[11:37] {nemo} sorry

[11:38] {dino} pega going to hold here es?

[11:38] {nemo} .82 strong resistance

[11:42] {fernp} IGT valid dbi, Vad?

[11:43] {Threei} only if market breaks down, and I don't see aything to indicate it

[11:43] {fernp} ty

[11:43] {Threei} rather feels like we are locked or slowly climbing from here

[11:44] {nemo} I wonder if bear flag

[11:48] {dino} fti sm l .20

[11:51] {_jfjf64} tm

[11:51] {dino} amsc back to may/june levels. strange stock

[11:52] {dino} rino holds

[11:52] {nemo} breakdowns breakouts are traps right now

[11:53] {Threei} TM is getting killed now

[11:53] {Threei} 72 won't hold IMO

[11:53] {Les} crap fcx too

[11:54] {Threei} TM Pres: Company growth may have been too fast; exceeded ability to develop people and company - congressional testimony text (72.05, -0.88, -1.21%)

[12:01] {Threei} rug is about ot get pulled from under TM

[12:02] {Threei} drop and snapback

[12:03] {_jfjf64} whos gonna win

[12:03] {dino} fti stopped -.31

[12:03] {Threei} I think sellers but it's not an easy battle

[12:03] {Threei} a lot of stops will be taken along the way

[12:03] {fernp} Trying QID long

[12:04] {nemo} It's down so much from the peak

[12:04] {_jfjf64} exatly

[12:06] {Threei} Market Internals update at 12:00pmET- NYSE volume 410M shares, about 6% below its three-month average; decliners lead advancers by 5.9:1.

[12:06] {Threei} - NASDAQ volume 1.02B shares, about 9% above its three-month average; decliners lead advancers by 3.4:1.

[12:06] {Threei} - VIX index +5.75% to just over 21.00

[12:07] {_jfjf64} sellers round 1

[12:12] {Les} fcx .84 b/d? sufficient consolidation?

[12:12] {nemo} you might want to see if this is a db first

[12:13] {Threei} I can't tell

[12:21] {fernp} 1:1 QID

[12:23] {Les} out fcx. maybe bounce time for q'w

[12:23] {Les} q's too

[12:28] {fernp} 1:2 QID out

[12:28] {Threei} wrg

[12:30] {Les} CAL .66 b/d?

[12:31] {Threei} if market continues slide... not the best canddiate though

[12:35] {dino} netl sm l .75

[12:43] {Threei} we finally near that triple digit red

[12:44] {Les} and didn't make a friggin dime from it

[12:44] {Threei} speak for yourself

[12:45] {Les} I am

[12:45] {larisa} you made a dime vad? :)

[12:45] {Threei} was I alone in this rtoom in the morning?

[12:46] {dino} vxx right

[12:51] {dino} perhaps i am

[12:54] {Threei} Dalai Lama is on Tweeter

[12:54] {nemo} you mean twitter?

[12:54] {Threei} whatever

[12:54] {nemo} well...tweeter was the name of a hi-fi chain on the east coast

[12:57] {Threei} kind of unbecoming of the reincarnation of one of spiritual leaders who have chosen to be reborn in order to enlighten others.

[12:58] {larisa} vad is kinda tense, somebody pass him carrot juice

[12:58] {nemo} ehhh...with his really enlightened followers he mind melds...with the rest of us morons, he tweets

[12:58] {dino} roflol

[12:58] {Les} well given twitter user attention spans, they should stay enlightened for maybe 30 seconds...

[12:59] {dino} what do you believe that isn't true

[12:59] {nemo} ?

[13:00] {dino} question what is preached/spoken/etc

[13:06] {_jfjf64} db tm

[13:07] {Threei} I doubt it

[13:09] {Threei} TM selling is far frpom done

[13:09] {Threei} we haven't seen even beginning of panic yet

[13:10] {_jfjf64} agree

[13:10] {fernp} EQT .82 breakdown, Vad?

[13:10] {Threei} I think so

[13:10] {Threei} of market helps of course

[13:10] {fernp} above .90 is a good stop?

[13:11] {Threei} (US) SEC's Shillman: SEC will likely allow sub-penny pricing - BusinessWeek

[13:11] {Threei} - NYSE Euronext and Nasdaq OMX Group Inc., which run the two biggest U.S. stock exchanges, have said they want regulators to expand eligibility for subpenny pricing to companies trading for up to $10 a share, from the current upper limit of $1.

[13:11] {_jfjf64} by july 1 stock 55

[13:11] {Threei} yes fern

[13:11] {fernp} ty

[13:11] {Threei} I think much sooner, and lower

[13:11] {_jfjf64} really

[13:11] {Threei} this crisis gains speed

[13:12] {Threei} TM is only 70 ents away from panic low of couple weeks ago

[13:12] {_jfjf64} lk aig last year this time

[13:14] {_jfjf64} steady sellin

[13:15] {Threei} should have for once listen to my intuition and not do anything but hold original TM short

[13:15] {Threei} dollar down

[13:15] {Threei} and not done yet

[13:15] {_jfjf64} hmm

[13:16] {dino} trit

[13:17] {Threei} ONSM

[13:17] {Threei} ONstream Media Corporation Launches Live Mobile Video Streaming Service for iPhone and BlackBerry (update)

[13:17] {Threei} - The new mobile video streaming service was developed with Onstream Media's leading Digital Media Services Platform (DMSP) technology which services clients in the Global 2000, Media and Entertainment, and Business-to-Business community. The service is device agnostic, enabling adaptive and segmented streaming to popular mobile devices using Akamai's Content Delivery Network

[13:22] {dino} 2 year went well

[13:23] {nemo} short durations aren't the problem

[13:23] {dino} 30 yr up 2 from yesterday

[13:26] {dino} scannres all green

[13:26] {_jfjf64} vxx vad any read boss

[13:28] {Threei} no, not really

[13:46] {dino} out .24, netl, +.49

[13:52] {larisa} gj

[13:52] {Threei} White House's Gibbs: No plans to "water down" Volcker rule, committed to ban on risky trading by banks; Pres Obama supports the repeal of the anti trust exemption for health insurers

[13:52] {Threei} ***Note: This repeal of the heathcare anti-trust exemption was planned to be included the Congressional health care bill but was subsequently removed during negotiations

[13:53] {Threei} 41% Favor Obamas Health Care Plan, 56% Oppose

[13:54] {Threei} that's because he didn't explain it well I am sure

[13:54] {_jfjf64} 57 %

[13:56] {_jfjf64} cmc

[13:57] {nemo} wfmi headed north

[13:59] {Threei} new low TM

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

[14:00] {Threei} - NYSE volume 600M shares, about 2% below its three-month average; decliners lead advancers by 6.1:1.

[14:00] {Threei} - NASDAQ volume 1.49B shares, about 10% above its three-month average; decliners lead advancers by 2.4:1.

[14:00] {Threei} - VIX index +8.5% to just over 21.50

[14:05] {dino} cski

[14:08] {dino} swm stopped -.32

[14:23] {dino} slxp halt, fda panel review, rumors looks good, realmoney.com

[14:25] {Threei} 1:56:20 PM

[14:25] {Threei} Salix Pharmaceuticals Ltd FDA gastrointestinal advisory panel : Xifaxan effective in treating hapatic illness; supports use in liver disorder

[14:25] {Threei} - votes 16-2 that shows evidence of efficacy

[14:27] {Threei} sounds like news rather than rumor to me, no?

[14:28] {dino} hsii, beats, guides up, drops

[14:28] {dino} you are correct

[14:31] {nemo} wfmi new high

[14:35] {Les} db on TM?

[14:37] {Threei} or inverted C&H

[14:37] {Les} ok. long enough time frame is it?

[14:38] {Threei} hmm?

[14:38] {Les} 35 mins enough to work with c&h setup?

[14:38] {Threei} you mean time between bottoms?

[14:38] {Threei} well... morte or less, yes

[14:39] {Les} ok

[14:39] {Threei} I'd prefer a bit longer,

[14:39] {Threei} but double bottom scenario has even bigger problem

[14:39] {Threei} confirmation level is way too far

[14:40] {Threei} .75

[14:41] {Les} understood

[14:43] {Threei} C&H is ruined

[14:45] {dino} qdel

[14:45] {dino} crazy

[14:47] {Threei} QDEL Diagnostic Hybrids unit receives FDA Emergency Use Authorization for D3 Ultra 2009 H1N1 Influenza A Virus ID Kit

[14:47] {Threei} - received emergency use authorization from the U.S. FDA for its D3 UltraTM 2009 H1N1 Influenza A Vi...more...

[14:49] {nemo} fas may be setting up for a nice short here. right at 200 ma, little DT near previous swing high

[14:50] {nemo} dependent on spy

[14:51] {fernp} SPY break 110 long with SSO, Vad?

[14:51] {Threei} I think so

[14:51] {fernp} ok

[14:53] {dino} swm sm l .90

[14:55] {Les} wow. TM double bottom it was

[14:59] {dino} all dayer, stop to .95 wcg

[15:01] {_jfjf64} my first week back yuk

[15:02] {Threei} sheesh

[15:02] {Threei} I am out of here, see you all in a year

[15:02] {dino} huh?

[15:02] {dino} wcg to .00

[15:02] {nemo} what?

[15:02] {_jfjf64} lol

[15:02] {nemo} you going to tibet?

[15:02] {Threei} wherever

[15:03] {dino} you ok?

[15:03] {dino} out wcg +.65

[15:03] {Les} nice one

[15:03] {nemo} he has a hard time with days ending in "y"

[15:03] {Threei} "yuk" is what I get for bavigating these waters?? :)

[15:03] {fernp} excellent dino

[15:03] {dino} ty, got lucky, slow climb

[15:03] {_jfjf64} gj dino

[15:04] {dino} thx

[15:04] {_jfjf64} thats being kind waters

[15:05] {nemo} Oh Black Water keep on rollin' Mississippi moon won't ya' keep on shinin' on me...

[15:05] {_jfjf64} shinin on meeeeeeeee

[15:06] {nemo} I ain't got no worries....

[15:06] {_jfjf64} vad we gettin restless any jokes somethin

[15:06] {nemo} just look in the mirror

[15:06] {nemo} ow...

[15:06] {Threei} no jopkes for you

[15:06] {Threei} {--- joke nazi

[15:07] {nemo} put both hands in....now clap

[15:10] {Threei} .50 won't hold, TM

[15:10] {Les} was gonna say something similar. s tm .54

[15:11] {_jfjf64} 71 comin

[15:11] {Les} out 1/3

[15:12] {dino} big mistake on pega today

[15:12] {Les} what did you do?

[15:12] {Les} $4 recovery. beautiful

[15:13] {dino} missed it at 35 and said i'd wait for it to come back

[15:13] {dino} think es was talking w/me about it

[15:13] {Les} ah yes remember that. out 2/3 tm

[15:15] {dino} clw sm l .69 risky, jumpy

[15:16] {dino} trit pop again

[15:17] {nemo} whaddya' think, market runs into the close

[15:22] {dino} so far it does

[15:22] {dino} gut says drops at 3:40

[15:22] {Les} out last 1/3 +.03. TM pops again

[15:22] {dino} end about -100

[15:23] {nemo} except this whole pullback was because of the sentiment report

[15:23] {nemo} or started with it

[15:23] {dino} or 9 days in row up

[15:23] {nemo} $ up pretty good though

[15:30] {_jfjf64} night all

[15:30] {nemo} cya

[15:30] {Les} bye

[15:30] {Threei} take care jf

[15:32] {fernp} Good evening everybody. See you all tomorrow

[15:32] {Les} ciao

[15:32] {nemo} Hasta manana

[15:32] {Threei} bye fern

[15:33] {dino} cya jf

[15:33] {dino} cya fern

[15:37] {Threei} DRIV Restates Q1 2009 GAAP EPS to $0.36 from $0.45 due to an incorrect accounting entry

[15:37] {Threei} - no change to reported revenue. (26.44, -0.25, -0.94%)

[15:39] {billyc} gn all

[15:39] {Les} ciao billy

[15:41] {dino} 3:40

[15:48] {dino} wrld

[15:51] {dino} clw stopped

[15:51] {Les} s fcx .68

[15:52] {Les} out +.10

[15:54] {Les} TM .50 b/d?

[15:54] {dino} out swm -.08

[15:54] {Threei} 5 min till eod?

[15:54] {Les} lol lost track of time

[15:55] {Threei} thank you all, have a good evening

[15:55] {Threei} see you tomorrow

[15:55] {larisa} bye :

[15:55] {larisa} )

[15:55] {Les} thanks Vad, despite my grumbling

[15:55] {dino} neg. day 5 losers 4 wins

[15:56] {dino} opps 6 losers

[15:56] {dino} 3 wins

[16:01] {dino} gn all