Mar 04 2010

"Official" calls were slightly in black, as the day started with two stops, and was saved later by bigger VXX win and some more scalps. But the real flavor of the day was of course TIVO, with monstrous move that provided scalpers with a lot of opportunities on both sides.

Session Time: Thu Mar 04 00:00:00 2010

[08:10] {Threei} US) Preview: Q4 Final Nonfarm Productivity and Unit Labor Costs due at 8:30am

[08:10] {Threei} Consensus expectations:

[08:10] {Threei} - Nonfarm Productivity: 6.3% vs 6.2% prior.

[08:10] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET

[08:10] {Threei} - Expectations for initial claims are 470Ke v prior week at 496K

[08:16] {Threei} PRFT Reports Q4 $0.10 v $0.09e, R$47.4M v $46Me

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 469K V 470KE

[08:30] {Threei} CONTINUING CLAIMS: 4.5M V 4.600ME

[08:30] {Threei} US) Q4 FINAL NONFARM PRODUCTIVITY: 6.9% V 6.3%E; UNIT LABOR COSTS: -5.9% V -4.5%E

[08:53] {Threei} EU) ECB's Trichet: Reiterates that Greece leaving EMU is an absurd idea - Q&A

[08:54] {Threei} {greece} yeah... good bye EMU

[09:00] {ese} good morning

[09:00] {Threei} ese :)

[09:00] {nemo} dude

[09:00] {ese} hey vad

[09:00] {ese} dude

[09:01] {fernp} Good morning everybody

[09:01] {Threei} fern :)

[09:01] {ese} fern

[09:02] {Threei} ese, did you sign "no to HST" petition yet?? :)

[09:03] {ese} not yet.........have you

[09:03] {Threei} 5 min ago

[09:04] {ese} huh

[09:04] {Threei} I think our provincial govt went insane

[09:04] {Threei} to impose such tax increase at this time

[09:04] {ese} definitely........gotta pay for the olympics somehow

[09:05] {Threei} I don't think it has much to do with Olypmics

[09:06] {Threei} more like, keeping up with Ontario which tries to implement HST

[09:06] {ese} a billion or so cost overrun to build the sea to sky highway isn't it/

[09:06] {Threei} and with temporary insanity

[09:06] {Threei} sure, but HST is not direct tax increase for govt - it goes hand in hand with tax relief for big business

[09:07] {billyc} gm all

[09:07] {Threei} it's not toally revenue neutral,

[09:07] {ese} FOR SURE

[09:07] {Threei} but effect is no where that big for them... rather redistribution of tax

[09:07] {ese} accidental capitos

[09:07] {Threei} billy :)

[09:07] {ese} billy

[09:07] {billyc} vad ese

[09:07] {Threei} less on big business, more on citizenry

[09:09] {ese} very

[09:09] {Threei} anyway, there is the same mechanism in action that tey used to stop the bridge replacement

[09:10] {Threei} 10% of populace sign the petition, it forces referndum on the matter

[09:10] {Threei} and guess how many will vote against, lol

[09:11] {ese} yup

[09:16] {Les} bonjour messieurs et mesdames

[09:16] {Threei} les :)

[09:16] {billyc} les

[09:16] {nemo} Gday sheila

[09:16] {Les} and here I was about to ask if that slug was out of bed yet

[09:16] {Les} nemo, vad, billy

[09:17] {ese} justa who ah are ah you ah reffering ta eh las

[09:17] {dino} gm all

[09:17] {ese} dino

[09:17] {Threei} dino :)

[09:17] {billyc} dino

[09:18] {dino} :)

[09:18] {Threei} huh!

[09:18] {Threei} did they cut govt staff?

[09:18] {Threei} 25% Say U.S. Heading In Right Direction, Lowest Since Obama Took Office

[09:18] {Threei} it held steady at 29 for a year

[09:18] {nemo} me ese

[09:19] {ese} ahhhhhh

[09:25] {jfjf64} mornin

[09:25] {ese} jf

[09:25] {Threei} jf :)

[09:26] {Les} hi ese, jf

[09:26] {billyc} jf

[09:26] {larisa} morning all :)

[09:26] {Les} hi larisa

[09:26] {nemo} lar :)

[09:27] {larisa} les, nemo, vad :)

[09:27] {billyc} larisa

[09:27] {larisa} :)

[09:27] {Threei} larisa :)

[09:27] {strider} morning all.

[09:27] {Threei} strider :)

[09:27] {lasertrev} morning

[09:27] {Threei} trev :)

[09:27] {strider} :)

[09:28] {dino} cmtl, mr,anf

[09:29] {jfjf64} anythin we sd be watchin vad late start here

[09:29] {Les} thanks dino

[09:29] {Threei} keeping ana eye on WFC, it creeps close to yesterday's high

[09:30] {dino} fsys

[09:30] {Les} joyg

[09:31] {dino} petm

[09:31] {Threei} Long Setup: UAUA .40 break

[09:32] {fernp} .30 stop?

[09:32] {Threei} stop under .30 for scalpers, .25 for day traders

[09:33] {fernp} stopped

[09:33] {Threei} yeah

[09:34] {jfjf64} x

[09:34] {Les} dal

[09:36] {nemo} another opening rinse?

[09:36] {dino} yes

[09:36] {Threei} MDVN

[09:36] {Threei} let's see if pullback gives a good entry

[09:38] {dino} hl l .50 mdvn

[09:39] {nemo} spls continuing climb

[09:40] {jfjf64} go dino

[09:42] {Les} uaua fighting to stay up

[09:42] {jfjf64} k .04 break

[09:43] {jfjf64} ko

[09:43] {jfjf64} no go

[09:45] {fernp} K 53 break, Vad?

[09:46] {Threei} can't tell

[09:46] {fernp} INTC breakdown

[09:46] {fernp} ?

[09:46] {dino} amsc, rino continue

[09:46] {Threei} mrket doesn't feel upward looking to me

[09:47] {dino} rino turned into nice swing from tues

[09:47] {Threei} rather feels heavy and tired

[09:47] {Threei} but we have set of numbers soon

[09:47] {Threei} maybe just waiting for them

[09:47] {Threei} US) Preview: Jan Pending Home Sales due out at 10:00ET

[09:47] {Threei} **consensus expectations:

[09:47] {Threei} - M/M: 1.0%e v 1.0% prior

[09:47] {Threei} (US) Preview: Jan Factory Orders due out at 10:00ET

[09:47] {Threei} **consensus expectations: 1.8%e v 1.0% prior

[09:48] {dino} fsys wants open gap

[09:50] {Les} CMTL looks like encountering resistance, lost vol. thinking reversal

[09:50] {Threei} GS explosion

[09:50] {Threei} God's work pays I guess

[09:50] {RonS} BBY seems strong, setup Vad?

[09:51] {Les} GS holding 50ma support weekly

[09:51] {Les} but often selling off by close

[09:51] {Threei} not sure Ron

[09:51] {Les} sorry, end of week

[09:51] {Threei} grrr... missed JPM .80 break

[09:52] {Threei} GS sympathy play

[09:52] {nemo} RIMM weak..retracing...might be setting up for another leg down

[09:52] {RonS} GS 160 heavily watched, hold up or fail could set day's direction

[09:53] {Threei} Long Setup: JPM .95 break

[09:54] {dino} snda sm l .95

[09:54] {Threei} stop under .80 for day traders

[09:54] {Threei} 42 break should give it enough impulse for a bigger move

[09:54] {Threei} watch GS as leading indicator

[09:55] {Les} s cmtl .56 stop hod

[09:55] {Threei} scalping stop .85

[09:56] {nemo} fas weakening

[09:56] {dino} tyhin swm sm l .01

[09:57] {Threei} GS to the rescue... God's work, you know

06[09:57] * nemo slaps Threei around a bit with a large copy of the Ten Commandments

[09:58] {Threei} nah, I have Blankfein's interview

[10:00] {Threei} numbers are bad

[10:00] {Threei} *(US) JAN PENDING HOME SALES M/M: -7.6% V 1.0%E

[10:00] {nemo} jpm holding

[10:00] {Threei} Y/Y: +8.8% V 10.5% PRIOR

[10:00] {Threei} *(US) JAN FACTORY ORDERS: 1.7% V 1.8%E

[10:00] {Les} ouch

[10:01] {dino} fsys crash

[10:01] {Threei} stop to under .85 for everyone

[10:01] {Les} out CMTL +.30

[10:02] {dino} gj

[10:02] {nemo} damn rimm did break again

[10:02] {Les} ty reversal setup worked

[10:05] {dino} hmin gap fill couple days ago

[10:05] {dino} hmin sm l .80

[10:06] {jfjf64} ms

[10:07] {jfjf64} want to play

[10:07] {Threei} come on already JPM, what's with shyness

[10:07] {Threei} uncharacteristical for big bad wolf

[10:07] {dino} kick it

[10:07] {Threei} bank

[10:07] {Threei} whatever

[10:07] {magoo} morn

[10:08] {Threei} hey mags

[10:09] {dino} all red careful

[10:09] {Threei} stop

[10:09] {fernp} yeah

[10:11] {dino} hmin stopped -.32

[10:11] {Les} thinking snda might be ready for swing higher from here

[10:12] {dino} in at .95 awhile ago

[10:13] {dino} markets feels odd today

[10:13] {Les} just closed a short on it

[10:14] {Les} cmtl

[10:16] {jfjf64} vxx vad

[10:18] {ese} i'm still long seed from yesterday bought a little more at the open avg .22

[10:19] {ese} it's holdin up well against a declining mrkt right now....good sign

[10:21] {Threei} JPM rinse

[10:22] {Threei} Long Setup: VXX .20 break

[10:22] {Threei} stop under .10

[10:23] {Threei} not a scalp for me

[10:23] {RonS} Les, LPX short?

[10:23] {Les} lol

[10:23] {Les} whatchya asking me for?

[10:24] {dino} rino breaks 24 down, cutting the tues swing

[10:24] {RonS} Your CY call yesterday...good play.

[10:24] {Les} just the setup taught to me by vad and nothing else

[10:24] {Les} well maybe a little genius was contained in there as well

[10:24] {Les} :D

[10:24] {dino} spls hod

[10:26] {Les} my personal opinion. don't like it. it's narrow. got pivot support at .35. yesterday's close at .33. nah

[10:27] {Les} watching CMTL for 31 b/d

[10:27] {Les} s cmtl .95

[10:28] {Threei} can't believe I decided to pass on CAT .40 short call

[10:28] {magoo} if it sets up..call it (hm, where i learn that?)

[10:29] {jfjf64} tell em magoo

[10:29] {Threei} after three anf half week long winning streak, could be just one of those days when I can't trade 25 cents for a phone call

[10:29] {dino} fsys sm l .51

[10:30] {jfjf64} dont lk that negativity in room

06[10:31] * Threei slaps jfjf64 around a bit with a large bouquet of flowers and the booklet Power of Positive Thiking

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

[10:31] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; advancers lead decliners by 1.1:1.

[10:31] {Threei} - NASDAQ volume 495M shares, about 2% below its three-month average; advancers lead decliners by 1.1:1.

[10:31] {Threei} - VIX index -0.75% to just over 18.50

[10:32] {magoo} in vxx btw

[10:32] {Threei} last time around VIX went this low, snapback was quite impressive

[10:33] {Threei} let's see if history repeats itself

[10:33] {dino} tm that 77 area top worked again

[10:33] {Les} Ron, lpx has made pivot support. keep watching it

[10:33] {dino} out rino swing +2.24

[10:33] {billyc} gj dino

[10:34] {dino} ty\

[10:34] {Threei} VXX 1:1

[10:34] {fernp} ty

[10:34] {dino} fsys stopped -.30

[10:34] {ese} screens are red

[10:34] {Threei} half out .33

[10:34] {Threei} stop to .14

[10:36] {dino} fsys blows away estmates and gets crushed

[10:36] {Les} if lpx can give a little bounce for stop here Ron, i'd be happy to short

[10:38] {Threei} after .35 break trail stop to under .20

[10:40] {Threei} Attention: VXX 1:2, 1/4 more out

[10:40] {jfjf64} go my man

[10:41] {Threei} barely crawling this morning jf, but trying hard

[10:41] {magoo} NICE lord vader

[10:41] {Threei} stop for the last part to .25

[10:42] {magoo} over sleep..walz in..hit biggie

[10:42] {Threei} just digging out of morning 2 stops-deep hole, mags

[10:42] {Threei} so you got lucky, lol

[10:42] {jfjf64} be careful ivan and myself havin coffee as we speak

[10:42] {magoo} luck of the irish

[10:42] {Threei} uh oh... Ivan switched sides?

[10:43] {Les} s lpx .29 stop .35

[10:44] {jfjf64} i got him new leather jacket he loves me

06[10:44] * Threei nervously looks out the door to make sure Yuri the Kneecapshooter is still there

[10:45] {jfjf64} yuri 100 percent with ya

[10:45] {RonS} Les, LPX tends to track the homies, you can track XHB with it...

[10:45] {Les} cool

[10:46] {jfjf64} sorry wher stop vxx

[10:46] {Threei} .25

[10:46] {Threei} tell Ivan you lay off vodka while trading

[10:47] {Les} Vad, what nws ANF please?

[10:47] {fernp} WFC any read, Vad?

[10:48] {Threei} 8:01:50 AM

[10:48] {Threei} Abercrombie & Fitch Co Reports Feb SSS +5% v -7.3%e

[10:48] {Threei} ANF Hearing Citigroup upgrades rating to Hold (timing uncertain) (39.88, +3.64, 10.04%)

[10:48] {Les} american shopper is back?

[10:49] {dino} cfi l .20 ave

[10:49] {dino} sxci

[10:49] {Threei} fern... IMO, short into bounce

[10:49] {fernp} ok

[10:49] {Threei} but no precise setup I'd see at the moment

[10:49] {RonS} ANF, sss +5.0% v -6.9% exp for Feb

[10:55] {fernp} STX, Vad?

[10:56] {Threei} chart is right...

[10:56] {Threei} my general lack of faith in breakouts at this point says stay away

[10:56] {Threei} may be wrong, markrt strengthens a bit

[10:57] {Threei} fancy way to say "no idea" :)

[10:57] {fernp} took .50 break w/stop below .45

[10:57] {jfjf64} ivan says you need vodka

[10:58] {Threei} yes, this is one of three phrases he knows

[10:58] {dino} sm l hmin .08

[10:58] {Threei} other two are "where is my money?" and "asta la vista baby"

[10:59] {Threei} first one replaces all greetings for him... last one is applied every time he doesn't know what to say, thus uses a gun

[11:00] {Threei} VXX, trail stop to under .30 after .40 break

[11:00] {jfjf64} ty

[11:01] {jfjf64} ivan likes the way we riding vxx

[11:01] {Threei} jf is under bad influence...

[11:02] {jfjf64} jf is BACK

[11:03] {dino} good

[11:03] {jfjf64} ty dino

[11:03] {ese} SEED!!!!!!!!! ....you know you wanna do it.....one of those patended 3 dollar runs

[11:04] {dino} who is ivan you speak of?

[11:04] {Threei} Ivan the Enforser (spelling is his own)

[11:04] {jfjf64} one of vads people

[11:04] {jfjf64} go seed

[11:04] {Threei} VXX trade is closed

[11:05] {Threei} for now at least

[11:05] {ese} you in jf?

[11:05] {jfjf64} good job

[11:05] {jfjf64} no rootin ya on

[11:05] {ese} ahhhhhh tks

[11:09] {dino} tivo

[11:09] {dino} wow

[11:10] {magoo} WHOA

[11:10] {dino} where? 13.80s

[11:10] {magoo} nah

[11:10] {magoo} almost done

[11:10] {magoo} wrong as typed

[11:10] {Threei} I have no news for it

[11:11] {Threei} ahha

[11:11] {Threei} TIVO US Appeals court rules for TIVO (14.10, +3.89, 38.10%) (related DISH )

[11:12] {dino} dish win rumors

[11:12] {Threei} Rambus Inc Strength attributed to chatter of a positive ruling from US Patent office in case against NVDA

[11:12] {Threei} - hearing patent office rules on three patents that an ITC judge found were violated: patent office rules that one patent claim is valid, one invalid, and a third claim is partially valid.

[11:12] {Threei} not rumors dino

[11:12] {Threei} look up

[11:12] {dino} i see

[11:12] {Threei} - Following the decision on the appeal, TiVo moved the district court to find EchoStar in contempt of the courts permanent injunction. After conducting a series of hearings on TiVos motion, the district court ruled that EchoStar was in contempt of its earlier order. The district court rejected EchoStars argument that it had redesigned its infringing products so that they were more than colorably different from the adjudged infringing devices.

[11:14] {dino} echostar symbol?

[11:14] {billyc} dish

[11:14] {dino} ok

[11:15] {dino} dish sm s .00

[11:15] {strider} HIG really wants to bo

[11:15] {dino} tivo sm s .80

[11:15] {RonS} Dish Network is DISH, Echostar is a separate co now, ECHO. Split from DISH in '08

[11:16] {billyc} gj dino

[11:17] {dino} out hmin .out hmin .85, +.78

[11:17] {dino} why is echo not dropping

[11:18] {dino} cov dish .60, +.40

[11:18] {billyc} its all about dish

[11:19] {dino} ty

[11:19] {dino} tivo stopped -.30

[11:20] {dino} sxci nonstop

[11:21] {magoo} wonder if heavy short interest TIVO

[11:21] {Threei} 15 seems to be in cards

[11:22] {magoo} yea

[11:22] {magoo} in seconds

[11:22] {dino} 15.30

[11:22] {magoo} takes 15 could go supersonic

[11:22] {Threei} 14.60 break

[11:22] {Threei} launching pad

[11:23] {Threei} there you go

[11:23] {magoo} in .55

[11:23] {Threei} if you are faster than cheetah with turpentine up its butt

[11:23] {Threei} you can play this kind

[11:24] {RonS} 11.7 mil shrs short

[11:24] {magoo} HL here

[11:24] {dino} where do you get this stuff?

[11:25] {Threei} turpentine? any hardware store {G}

[11:25] {magoo} c'mon

[11:25] {dino} lol

[11:25] {magoo} good...GOOOOOOOOOOO

[11:25] {magoo} 15.20-.30 area

[11:26] {RonS} http://shortsqueeze.com/?symbol=tivo&submit=Short+Quote%99

[11:26] {magoo} kickin it

[11:27] {dino} dish holds well

[11:27] {magoo} ah..bummer so far

[11:27] {magoo} ah..good

[11:27] {Threei} take half mags

[11:27] {Threei} after all, it's up almost 5 bucks

[11:27] {magoo} waiting .15.27

[11:28] {Threei} here comes 15

[11:28] {dino} sats is echo

[11:28] {Threei} direct hit

[11:29] {dino} directv

[11:29] {Threei} lol

[11:30] {magoo} im next

[11:30] {RonS} I have friends at TIVO. They have been fighting Charlie Ergan on this for 5 years. Bet the vodka is flowing today.

[11:30] {magoo} OUTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT

[11:30] {Threei} kids... you want to be like magoo when you grow up

[11:30] {magoo} man, .27

[11:30] {magoo} look .28

[11:30] {Threei} 1 cent under top

[11:31] {Threei} so far at least

[11:31] {dino} damn, missed fsys while watching these

[11:32] {dino} very strange, no real effect on dish or sat

[11:32] {Threei} works like charm: after prolonged period of noredom, some stunning mover comes along

[11:32] {jfjf64} amzn flexin

[11:33] {dino} dish sm s .24

[11:33] {Threei} traders tired of sitting tight hit it with vengeance

[11:34] {RonS} TIVO short squeeze. DISH and/or SATS has already reserved for this. They knew they were going to lose, they just strung it out. Charlie ergan is the Sumner Redstone of the sat biz...sue your way to the top...

[11:34] {magoo} tivo feels like 16

[11:35] {magoo} [11:22] {magoo} takes 15 could go supersonic

[11:36] {Threei} 16 on the nose

[11:36] {magoo} whats 52 wk high on it anyone?

[11:37] {dino} tivo sm s 12.78

[11:37] {dino} tivo 52 week i mean

[11:37] {dino} 12.78

[11:37] {RonS} 12.78, 2000 high $45

[11:38] {RonS} This is just a gap fill...

[11:38] {magoo} to bad..if it was 20...we'd see it

[11:38] {dino} tivo sm s .78

[11:39] {dino} bstop .01

[11:39] {RonS} In the meantime, http://blogs.barrons.com/techtraderdaily/2010/03/04/its-crazy-ass-rumor-thursday-whispers-on-rht-vg-nano/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+barrons%2Ftechtraderdaily%2Ffeed+%28BARRONS.com+Blog%3A+Tech+Trader+Daily%29

[11:39] {magoo} higher imho

[11:40] {magoo} DANGEROUS as taking bacon from vadds plate

[11:40] {dino} stopped

[11:40] {magoo} 17

[11:42] {Threei} getting tired

[11:43] {magoo} careful here

[11:43] {RonS} TIVO has 94 mil shrs outstanding, vol thus far today 25 mil...fascinating

[11:43] {Threei} what's the float?

[11:43] {magoo} why mr. spock?

[11:43] {dino} well, alot are the same shares ron

[11:43] {Threei} outstanding is not a very good indication, float is much better

[11:44] {RonS} Sorry, that is the float.

[11:45] {RonS} dino, a lot are naked shorts...

[11:45] {Threei} how do you know they are naked?

[11:46] {dino} naked, clothed, makes no difference

[11:46] {magoo} nakedstoxxx.com

[11:46] {RonS} ...just a hunch. TIVO has been s short fave for years

[11:46] {Threei} it's a serious question, not a lame attempt on humor (although I've been known to make lame ones almost exclusively)

[11:46] {Threei} yes, and stats on shorts are available,

[11:46] {Threei} but naked?

[11:47] {dino} never know until tide goes out

[11:47] {dino} tivo sm s .50

[11:47] {dino} last try'

[11:48] {Threei} TiVo Inc Statement on Decision by U.S. Court of Appeals in Lawsuit Against EchoStar

[11:48] {Threei} We are pleased that the United States Court of Appeals for the Federal Circuit fully affirmed the district court's finding of contempt against EchoStar, including both the disablement and infringement provisions. Additionally, this ruling paves the way for TiVo to receive the approximately $300M in damages and contempt sanctions awarded to us for EchoStar's continued infringement through July 1, 2009. We will also seek further damages and contempt sanctions for the period of continued infringement thereafter. We will continue our efforts to protect our intellectual property from further infringement."

[11:48] {jfjf64} aig gonna explode

[11:49] {dino} yet sats is green

[11:50] {Threei} how did you know jf?

[11:50] {magoo} l aig .90

[11:51] {magoo} .24 area

[11:51] {dino} cov dish .85, +.40

[11:51] {dino} .39 opps

[11:51] {Threei} wtg dino

[11:51] {dino} ty

[11:52] {magoo} maynbe .112 area

[11:52] {jfjf64} aigggggggggggggggg

[11:53] {jfjf64} out

[11:53] {RonS} What does wtg mean? Thanks.

[11:53] {Threei} good job guys

[11:53] {Threei} way to go Ron

[11:53] {magoo} out .05

[11:53] {dino} want the grapes

[11:53] {dino} ;)

[11:54] {dino} wtfg, extrapolate

[11:54] {Threei} lol

[11:54] {ese} dino your hot today.......

[11:54] {dino} not really first hour sucked

[11:55] {magoo} ese..u got cameras on dino?

[11:55] {dino} i painted over the lens

[11:55] {ese} ahhhhh welllll

[11:55] {Threei} GS new highs

[11:56] {RonS} Vol coming in to BBY. Play here Vad?

[11:56] {ese} well the bunny rabits all over his underwear is a bit over the top ;for sure

[11:57] {dino} tivo to flat

[11:57] {dino} stopped flat

[11:57] {Threei} I doubt it Ron

[11:57] {Threei} way too narrow

[11:58] {RonS} txs

[11:58] {Threei} struggle for 5 cents

[11:58] {dino} you saw those es?

[11:58] {ese} alright I take it back....average day for dino

[11:58] {Threei} AIG deep pullback

[11:58] {Threei} should be bounce very soon

[11:59] {dino} my wife likes the rabbits

[11:59] {magoo} call the ball vad

[12:00] {Threei} .85 probably

[12:01] {Threei} invalidated

[12:03] {dino} tivo s .25

[12:03] {dino} cov tivo .13, +.12

[12:05] {dino} s .10

[12:06] {dino} cov .03, +.07

[12:07] {Threei} Market Internals update at 12:00pmET

[12:07] {Threei} - NYSE volume 360M shares, about 17% below its three-month average; decliners lead advancers by 1.1:1.

[12:07] {Threei} - NASDAQ volume 950M shares, about even to its three-month average; advancers and decliners about even.

[12:07] {Threei} - VIX index +2% to just over 19.00

[12:08] {Threei} 15 break next short

[12:08] {dino} s tivo .99

[12:08] {Threei} stop above .10

[12:09] {jfjf64} ???

[12:09] {nemo} tivo jf

[12:09] {magoo} s 15

[12:09] {jfjf64} ty

[12:09] {Threei} 1:1 easy

[12:09] {magoo} out .87 TY

[12:09] {dino} cov .86, +.13

[12:09] {Threei} lol

[12:09] {magoo} no LAUGHING

[12:09] {Threei} this is scalpers heaven as it became a little calmer

[12:11] {dino} sats hl s .73, stop hod

[12:12] {dino} dish collapse

[12:14] {Threei} DISH Reportedly plans to work on a work around for TIVO patent issue (20.44, -1.27, -5.85%) (related TIVO )

[12:16] {dino} imagine they already started that

[12:16] {dino} fsys sm l .49

[12:23] {dino} dish l .50

[12:26] {dino} i froze that

[12:31] {Threei} should be good for 20 cents at least, IMO

[12:31] {Threei} TIVO Price Target raised to $27 from $13 at Lazard, maintains Buy rating (timing uncertain) (15.29, +5.08, 49.76%)

[12:31] {Threei} wow

[12:31] {Threei} impressive target

[12:32] {RonS} Lazard positioning to get TIVO to sell out...IMO

[12:34] {Les} AWIAV?

[12:35] {dino} turkey sandwich

[12:35] {Threei} no, but DISH should be long on .50 break if holding .40

[12:35] {Threei} and TIVO is likely candidate for eod run

[12:37] {Les} I thought it was baloney that got your brain working dino?

[12:37] {Les} or is it meatloaf?

[12:37] {dino} meatloaf

[12:38] {RonS} TIVO options vol shows 30K Mar 17.50 vs 3500 OI

[12:38] {Les} well you're hardly helping out with turkey aren't you....

[12:38] {dino} i know, i'll try harder

[12:39] {dino} dish stopped -.13

[12:39] {Les} I'm still in LPX Ron, but boy is it narrow. better give me some good loving soon

[12:39] {RonS} I just pushed it for you...

[12:40] {Les} now that's some loving

[12:42] {Threei} TIVO next round starts

[12:43] {Threei} IMO, it will revisit 16 at least

[12:43] {Threei} and very likely make new highs

[12:45] {dino} sxci

[12:46] {dino} snda sm l .75

[12:46] {Threei} that was quick

[12:46] {Threei} anyone did TIVO?

[12:47] {fernp} not here

[12:47] {Les} only had time to think about it

[12:47] {Threei} hit it from .44 to .95

[12:47] {Threei} 1K

[12:47] {Les} beers are on you tonight

[12:47] {RonS} wtg Vad :)

[12:48] {Threei} y

[12:48] {dino} fsys stopped

[12:48] {Threei} too bad this kind of things is almost impossible to call precisely

[12:48] {Les} Dino, this is my tribute song to SNDA:

[12:48] {Les} http://www.youtube.com/watch?v=ulVDM0a49Lw

[12:48] {Threei} kind of : here is idea of the play, see if you can find your way to execute it,

[12:48] {Threei} and if you have to ask - stay away

[12:49] {Threei} magoo and jf love this kind

[12:49] {dino} lol

[12:49] {Les} given the momentum Vad I should have gone for it

06[12:50] * Threei slaps jfjf64 around a bit with a large magoo

06[12:50] * Threei slaps magoo around a bit with a large jfjf64

06[12:50] * Threei slaps Les around a bit with a large magoo and jf

[12:58] {Threei} did I slap whole room into coma?

[12:59] {Les} ok Vad, so how should we play TIVO if it gets to 16 again? We touch it?

[12:59] {Threei} it's not a technical play Les

[12:59] {Les} ok. If I see a break...

[12:59] {Threei} it's not being governed by prices, levels, suports. resistances

[12:59] {Threei} it's a momo

[12:59] {Threei} momo needs a feel

[13:00] {Threei} feel develops by months and years of observation

[13:00] {Threei} I can say all I want "watch for the insane T&S rate"

[13:00] {Threei} but until you see it a few times, watch how price reacts,

[13:01] {Threei} and start getting a feel for this enormous pressure through the T&S

[13:01] {Threei} my words will remain an emtpy sound

[13:01] {nemo} if Vad talks and nobody is there to hear it...

[13:02] {Threei} he will merrily shut up

[13:02] {Threei} accept that some things cannot be put in exact words, all I can do is to point you in the right direction where to look

[13:03] {Threei} but you need to look and see for yourself to start recognizing it

[13:04] {Threei} watch Level 2 and T&S together

[13:05] {Les} feel like I'm in the matrix

[13:05] {Threei} 58% Support Postal Services Plan To End Saturday Delivery

[13:05] {Threei} the rest 42% just can't live till Monday?

[13:07] {nemo} going tibetan monk on us vad? :)

[13:09] {dino} the post office delivers on saturdays?

[13:09] {Les} just not you dino. Disgruntled postal worker thing

[13:10] {dino} ahh, or maybe i don't go to office on saturdays

[13:10] {magoo} ill be back in hour or so

[13:11] {dino} don't let the door hit you on the way out

[13:13] {nemo} doesn't daylight savings time start soon?

[13:13] {Threei} yes

[13:13] {dino} when is the obama ad(sp)inistration coming on tv

[13:14] {nemo} wtf

[13:14] {dino} 14th

[13:14] {nemo} ahhhty

[13:15] {dino} sxci continues

[13:17] {Threei} TIVO too

[13:17] {dino} yeah

[13:23] {Threei} among many other things, in its last throne speech Canadian govt said they want to change some language in hymn

[13:24] {Threei} there are responses t it indicating that it's a red herring,

[13:24] {Threei} designed to distract people from some other issues

[13:24] {Threei} so, the number of these responses is so huge

[13:24] {Threei} that if it's indeed an itention - it works

[13:25] {Threei} people are quite distracted discussing the distraction

[13:25] {Les} ANF

[13:27] {dino} sm s sxci .73

[13:27] {dino} wide

[13:28] {dino} put call over 100%

[13:32] {dino} sxci bstop is hod

[13:33] {Threei} speaking of put/call

[13:33] {nemo} oh oh

[13:33] {Threei} do you guys know that IntelliScan has an alert for put/call ratio 5 to 1 and 10 to 1 (or call/put of course)?

[13:34] {nemo} N/A

[13:35] {Threei} FHN for instance

[13:35] {Threei} alert from call/put 10 to 1

[13:36] {Threei} EZCH, another one

[13:36] {Threei} what n/a nemo?

[13:38] {dino} sxci cov .75, +.98

[13:38] {Les} nice call on sxci

[13:39] {dino} ty

[13:39] {Les} you lucky sod. I covered after .30

[13:39] {dino} gj, you made $. tough sucker to cov, wide

[13:39] {Les} spls 23 break?

[13:41] {RonS} RIMM short on break of day's lows Vad?

[13:42] {Threei} I think so

[13:42] {Threei} needs market help

[13:42] {Threei} but that's what we had last days, so looks valid

[13:43] {strider} HIG, quasimodo

[13:44] {nemo} Intelliscan N/A for me Vad

[13:44] {Threei} huh?

[13:45] {nemo} scoliosis strider

[13:45] {Threei} it's available for anyone who cares to sign up for it

[13:45] {nemo} I don't have it, so therefore asking me if I knew is an N/A

[13:45] {nemo} I realize...I'm not worried

06[13:45] * strider slaps nemo around a bit with a large thing

[13:46] {nemo} oy vay

[13:46] {dino} scok at it again

[13:46] {Threei} if dismiss TIVO longs which were not called explicitly, and leave in one TIVO short for 13 cents, then between two morning stops and VXX and TIVO wins, the day is in black calls wise - not by much but above the burger flipper pay grade

[13:47] {dino} 6 to 36 in 20 days

[13:47] {dino} morning was tough imo vad

[13:48] {Threei} but magoo who managed to slip in for those two stops is the luckiest son of a gun in the room today

[13:48] {dino} tivo s .99

[13:48] {nemo} oh oh

[13:48] {Les} been there Dino, got my butt kicked

[13:48] {Les} good luck

[13:48] {Threei} without that TIVO short, VXX covered stops and left us about even

[13:49] {strider} I'll be a little greener if HIG would go back to the barn.

[13:49] {dino} bstop is .11

[13:50] {Les} Where's Ron so I can kick his butt for putting LPX into my head :)

[13:50] {Les} actually its my own greed.

[13:50] {nemo} we know

[13:50] {Les} LPX did offer up near 1:2

[13:50] {RonS} Dollar up, commodites down, treasuries up...yet the market hangs in. Something has to give...

[13:51] {nemo} look...you're in a room with traders, which is LIke being at an AA meaning and saying you don't have a drinking problem

[13:51] {RonS} nemo, ain't it the truth...

[13:51] {nemo} Does anybody know the difference between a "Drunk" and an "alcoholic"?

[13:51] {nemo} you still in Dino?

[13:51] {dino} stoppedhmin drop

[13:51] {strider} With vad, it's NEVER like being at an AA meeting.

[13:52] {nemo} Alcoholics go to meetings

[13:52] {strider} Not with a bottle in their hands

[13:52] {dino} stopped .11 nemo

[13:52] {dino} see above 13:49

[13:52] {strider} you were long nemo?

[13:52] {nemo} yeah, I knew it was close but it just broke .11 for a couple

[13:52] {nemo} nope

[13:52] {nemo} watching that one

[13:52] {nemo} just been trading fas and fcx and a little rim today

[13:53] {strider} no, dino said he was long nemo. I was asking him whether he was trading nemo.

[13:54] {strider} We need a punctuation nazi in here.

[13:54] {nemo} dino shorted

[13:54] {strider} never mind.

[13:54] {dino} i shorted s=short, ironically l=long

[13:55] {dino} :)

[13:55] {strider} larisa, straighten these guys out, will you?

[13:55] {larisa} no, too busy looking for Vegas vacation :)

[13:56] {strider} aw, jeez.

[13:56] {Les} I've had my booze quota for the night, so I'm as straight as the chart on SXCI

[13:57] {dino} had a couple shock tops last night, first beers in a week

[13:59] {dino} vad, you'll appreciate this. my sister's pub is located one mile from my house, hence the shock tops

[14:00] {nemo} a woman with a pub.....:)

[14:00] {dino} building a good business, packed for happy hour last night

[14:00] {nemo} that's great

[14:00] {dino} wife says we may have to move

[14:01] {nemo} you spending too much time there?

[14:01] {dino} i think that was her point

[14:01] {nemo} thus my assumption

[14:01] {strider} Or is she wanting to move4 closer, so you don't get lost on the way home?

[14:01] {dino} lol

[14:02] {strider} A mile is a long way to crawl.

[14:02] {RonS} kill two birds with one stone; move into the pub...

[14:02] {nemo} good sobering up distance

[14:03] {dino} indeed

[14:03] {Les} hold it Dino, your trading office is in your house or somewhere else?

[14:03] {nemo} In high school, had a friend of mine pass out in a snowbank in front of his house, cops found him and through him in the tank for the night

[14:03] {nemo} nosy, aren't you Les

[14:04] {Les} got me there

[14:04] {nemo} I'm much worse when I've been drinking

[14:05] {dino} ever try that shock top?

[14:05] {dino} main street building i own, rent 1st floor to bank branch, i'm on second

[14:05] {dino} home is 3 miles away

[14:05] {strider} so, dino, boxers or briefs?

[14:05] {nemo} crissakes

[14:05] {Les} cool. you drink drive or do all of it on foot?

[14:05] {RonS} lol

[14:06] {nemo} could be commando too strider

[14:06] {Threei} shock top?

[14:06] {RonS} who ever came up with that commando stuff...classic.

[14:07] {Les} 3 miles is ...5 km's? ok. too far to walk

[14:07] {strider} I can't stop laughing.

[14:07] {dino} beer 3i, pretty good, reminds me of blue moon

[14:07] {nemo} have no eye deer

[14:07] {Threei} never tried it... some microbrewery?

[14:07] {dino} michelob distributes it

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 520M shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.

[14:07] {Threei} - NASDAQ volume 1.36B shares, about even to its three-month average; advancers and decliners about even.

[14:07] {Threei} - VIX index +2% to just over 19.00

[14:10] {dino} fsys sm l .25

[14:11] {Les} stopped slps

[14:12] {Les} spls

[14:12] {nemo} you like it short, yes les?

[14:12] {dino} scok takes out 40

[14:13] {Les} was long. didn't make 1:1. ain't taking the loss

[14:13] {Les} just lost volume and died

[14:13] {dino} only news broke ground on coking facility in china

[14:13] {dino} 42s

[14:14] {dino} can't borrow

[14:15] {strider} HIG inverse c&h

[14:16] {nemo} is the market open?

[14:16] {Les} took a little slice of TIVO on the downside. But losing lots learning to play with it

[14:16] {dino} 45s

[14:19] {Threei} on paper?

[14:19] {Threei} or real money?

[14:19] {Les} no money

[14:19] {Les} absolutely no hurry to return to real money

[14:19] {Threei} good... cause why would you use real money for learning new type of movement

[14:20] {Les} I'd happily go to money if I had discipline to only trade your setups

[14:20] {Les} but I don't

[14:21] {RonS} stolen quote: "market has the feel of waling through a haunted house"

[14:21] {RonS} s/b walking

[14:22] {Threei} and traders feel like they walk on eggs

[14:22] {Threei} umm... and traders feel like they walk on eggs

[14:23] {Les} ?

[14:23] {Threei} which part?

[14:24] {Les} traders and eggs

[14:24] {Les} rotten gas joke?

[14:24] {Threei} how do you walk on eggs?

[14:24] {Les} messily

[14:24] {strider} aig..

[14:24] {Les} with much gusto

[14:24] {nemo} wtf

[14:25] {Threei} AIG IRS to come to positive ruling for AIG in tax dispute over sale of Alico UNit to Metlife (26.99, +2.11, 8.48%) (related MET )

[14:25] {nemo} con mucho gusto

[14:25] {Les} bounce before b/d for TIVO?

[14:25] {strider} wow..I just closed a short on AIG a coupld minutes ago.

[14:25] {nemo} did you pucker?

[14:26] {strider} was right before the spike.

[14:26] {nemo} I suggest making a sacrifice to the trading gods...your wife should suffice :)

[14:27] {dino} lol

[14:27] {strider} they won't like her cooking.

[14:27] {dino} roflol

[14:27] {Les} haha

[14:27] {RonS} One of the many things that scare me to death is Jesse Livermore's description of years on end where there was no money to be made on either side. This last occurred in the '70's...

[14:27] {nemo} put her on a spit

[14:28] {Les} yes I've thought about that Ron

[14:28] {dino} great book that stock trader

[14:28] {nemo} 2012 Ron

[14:28] {Les} wondering if I've chosen hard times to learn trading

[14:28] {larisa} did not like how he ended though

[14:29] {dino} happens to more than you know

[14:29] {Les} s sxci .47

[14:29] {larisa} not many other professions make your emotions fly like this one.

[14:30] {nemo} marriage

[14:30] {dino} if it was easy, all would do it

[14:30] {Les} haven't felt like this since army

[14:30] {strider} you mean in the showers, les?

[14:30] {nemo} nice

[14:30] {RonS} lol

[14:30] {strider} ty

[14:31] {nemo} bet Les dropped the soap on purpose

[14:31] {Les} yeh I used to work with jack asses in the army too

[14:31] {Les} :D

[14:31] {nemo} no animal stories Les

[14:31] {Les} lol

[14:31] {Les} touché

[14:32] {Les} Vad, some order to this madhouse please!

[14:32] {magoo} back

[14:32] {nemo} having said that the mountain divisions and SF guys train with mules and pack animals

[14:33] {dino} hmin 33.10 going to hold

[14:33] {dino} ?

[14:33] {nemo} what?

[14:33] {dino} 33.10?

[14:34] {Les} volume sux

[14:34] {Les} but you know that better than me

[14:34] {dino} i bet it does

[14:35] {RonS} RIMM lod being heavily defended. If it breaks it could be fast and furious...

[14:35] {magoo} tell vad wake up..i am back

[14:37] {dino} sm l ave .15

[14:37] {dino} hmin

[14:40] {nemo} geez...froze hmin dino

[14:41] {dino} aaww

[14:41] {dino} iceman today

[14:41] {dino} stop is .87

[14:43] {Threei} [14:27] {RonS} One of the many things that scare me to death is Jesse Livermore's description of years on end where there was no money to be made on either side. This last occurred in the '70's..

[14:43] {Threei} he was talking about much bigger movements Ron

[14:43] {Threei} our scale practivally always has something

[14:44] {nemo} the cost structures were much different then also

[14:44] {jfjf64} ivan agrees vad

[14:44] {Les} yeh but how am I going to afford a mansion in the Hamptons

[14:44] {Les} private yacht?

[14:44] {Les} chalet in the alps

[14:44] {nemo} make your wife get a second job

[14:45] {Les} you've got an issue with wives, don't you nemo

[14:45] {nemo} oh vad, magoo's back

[14:45] {dino} les, you don't need all that if you have us

[14:45] {nemo} gag

[14:45] {Les} Nemo, which movie!

[14:45] {Les} Can I have you both!

[14:45] {RonS} ...agreed Vad, plus the politicians think it their birthright to jerk things around.

[14:46] {nemo} don't recognize it, must have been under the influence

[14:46] {Les} another hint:

[14:46] {Les} "I'd buy that for a dollar"

[14:46] {dino} thing too ron, there's always a bull market somewhere, and w/internet you find it fast. back to the old buy and hold vs new instant trades

[14:46] {nemo} gonna' have to work through the gunk

[14:47] {nemo} ahhh...no, not that movie

[14:47] {Les} dead or alive, you're coming with me

[14:47] {Threei} [14:46] {dino} thing too ron, there's always a bull market somewhere, --- just look at TIVO for illustration, while market did almost nothing

[14:47] {nemo} Paul Weller?

[14:48] {dino} todays days are like four days of the 80s 90s. used to be an up day was an up day, now up/down/up/down, etc

[14:48] {Les} ?

[14:48] {Les} http://www.youtube.com/watch?v=clqK5OC3BWE

[14:48] {nemo} guy that played RObocop

[14:49] {nemo} yeah...that guy

[14:49] {Les} really? I googled a musician

[14:49] {dino} talk to older guys, they ask what i look for on day trade, i say 5%+ daily move fast, they say it rarely happens. you know my response

[14:49] {dino} 15% are common

[14:50] {dino} blows their monds

[14:50] {dino} minds too

[14:50] {Threei} must not be pretty

[14:50] {Threei} minds, yeah

[14:50] {Threei} but old guys with blown monds...

[14:50] {nemo} tempting...

[14:51] {dino} pull up your scanner top tens, have 16 today

[14:51] {dino} right now, more of course from earlier

[14:51] {Les} I was reading of someone at Bill Cara's blog dino

[14:52] {Les} who called them capitulation plays, which of course they are

[14:52] {Les} didn't realise what he was doing

[14:52] {Les} until I learnt it from you

[14:52] {dino} don't know him, but yes capits and euphoria

[14:52] {Threei} dino does it seriously differently

[14:52] {Les} how?

[14:52] {Threei} look through that guy's alerts,

[14:53] {Threei} you'll see that in many cases he gets interested in new lows, far from extreme selloffs

[14:53] {Threei} dino wants mind-boggling extreme

[14:54] {dino} the heart wants what it wants

[14:54] {dino} scok goes to 46 to 41 back to 46

[14:55] {dino} 50 strike probably in play

[14:55] {dino} too risky tho

[14:57] {fernp} Good evening everybody. See you all tomorrow

[14:57] {Les} ciao fern

[14:57] {billyc} cya fern

[14:57] {nemo} Hasta manana

[14:57] {jfjf64} later fern

[14:58] {dino} cya

[14:59] {Threei} take care fern

[14:59] {jfjf64} im feelin big sell comin

[15:00] {dino} i'll take other side

[15:00] {RonS} .VIX doesn't show it...yet...

[15:00] {Threei} QID and VXX are your guys then

[15:00] {ese} back for the last hour......

[15:00] {nemo} jobs report tomorrow morning..probably not much til then

[15:00] {jfjf64} rimm feelin bottom ups

[15:01] {dino} back in 10

[15:01] {nemo} TFTW

[15:02] {nemo} back tomorrow for me...c u in the a.m (p.m.) for LEs.

[15:02] {Les} ciao

[15:02] {strider} see ya, nemo.

[15:02] {Threei} take care nemo

[15:10] {dino} cya nemo

[15:10] {Threei} TD CEO: Housing market in Canada is 'buoyant'; global economy to stay fragile in 2010 (67.74, +1.54, 2.33%)

[15:10] {Threei} buoyant is right

[15:10] {Threei} multiple offers, biddig wars

[15:11] {dino} nice

[15:12] {Threei} over 3 years since I bought my house in Victoria it went up 25% by the most modest estimations - and these 3 years included a year and half of retreat while everyone felt concrned about crisis

[15:13] {dino} lucky

[15:13] {Les} not bad. 30% here but probably dropped off a few points now

[15:14] {Threei} considering that I bought it after, let's call it considerable runup

[15:14] {Les} but not giving this place up. demographics around Lake Geneva suck. less and less land every year

[15:15] {Threei} and considering that this is second most expensive area in Canada

[15:15] {RonS} Victoria is a great place. Spent two very memorable vacations there. Anyone who has not been, should go. And on a sunny day, the Sound and Channel islands are pure magic.

[15:15] {Threei} hard to complain

[15:16] {dino} dead here in ne pa

[15:16] {dino} aaww

[15:16] {Threei} jf, did you go for either QID or VXX?

[15:17] {jfjf64} n

[15:17] {dino} aaww boeing contract

[15:17] {jfjf64} short rimm .88

[15:17] {dino} scok back to 43

[15:20] {Threei} TIVO

[15:21] {Threei} eod runup is likely

[15:26] {ese} ya gonna come back Ron?

[15:27] {Threei} anyone went for TIVO?

[15:28] {Les} y

[15:28] {Threei} :)

[15:28] {RonS} ...anything is possible, but having escaped the Northwest I have become addicted to CO sunshine.

[15:28] {Threei} magoo just up and left

[15:28] {Threei} sigh... and was trying to find a play for him

[15:28] {Threei} and jf

[15:28] {Les} packed the kids off to bed. now I have time to trade

[15:29] {Les} done. in .87 half out .99 all out .18 ty

[15:29] {jfjf64} im here

[15:29] {jfjf64} sell rimm sell

[15:33] {jfjf64} ivan sell ivan

[15:34] {Threei} good one jf... I am almost ready to forgive you for not taking TIVO

[15:35] {jfjf64} 1/1

[15:35] {Threei} magoo, on the other hand, I will never forgive. Ever. Dino, tell him that please. And make sure he comes with 6-pack, so I can forgive him wheh I am thirsty

[15:35] {dino} crazy ivan, what movie

[15:35] {Les} hunt for red october

[15:35] {dino} ]lol

[15:35] {Threei} armagedon?

[15:35] {dino} right

[15:36] {dino} red oct

[15:36] {dino} great movie

[15:36] {jfjf64} out

[15:36] {Threei} http://realitytrader.com/vad/CrazyRussian.bmp

[15:36] {dino} giddy-up hmin

[15:37] {Threei} this takes prize in idiocy department for today:

[15:37] {Threei} ECB's Constancio: FX market interventions could be warranted if currency swings are severe enough to threaten the ECB price stability target

[15:37] {Threei} - reiterates welcomes US statements that strong dollar in United States best interest

[15:37] {Threei} good luck Constancio

[15:37] {Threei} you won't suceed but will look good trying

[15:38] {Les} he might have scared hedge funds with intervention threat but blew it with referall to strong dollar policy

[15:38] {dino} neu rockin'

[15:38] {Threei} history never knew any successful currency intervention

[15:38] {jfjf64} good night all

[15:38] {Threei} they all backfired, no exception

[15:38] {Les} night jf

[15:38] {Threei} take care jf

[15:38] {billyc} cya jf

[15:38] {jfjf64} takin ivan to SCORES

[15:39] {dino} even govt has no long term effect

[15:39] {Les} the french policy of "franc fort" didn't work?

[15:39] {RonS} The Chinese seem to be doing OK...

[15:39] {Threei} those are plicies

[15:39] {Threei} I am talking about market intervention

[15:39] {Les} ok

[15:39] {Threei} as in: freely traded currency, not like opegged Yuan

[15:40] {Threei} and givt tries to become a market moving force by participating

[15:40] {Threei} buying, selling, whatever

[15:40] {RonS} ...just joking Vad. TIVO HOD

[15:42] {dino} good gut call tivo vad

[15:42] {Threei} ty

[15:42] {Les} stopped lpx -.01. gave me once chance and I blew it

[15:43] {RonS} ...is it not strange that GS is up $6, breaking resistance and the inices are essentially flat?

[15:44] {dino} hmin to .64

[15:45] {dino} get ready

[15:45] {Threei} FAS is nicely up

[15:46] {Threei} some toher stocks outweighed GS in indices

[15:46] {dino} stop to .95

[15:46] {dino} tighten it

[15:47] {Les} gonna have to use the "o" word again tonight dino?

[15:47] {dino} huh?

[15:47] {Les} obscene

[15:47] {Threei} {dino} you obscene

[15:47] {dino} ohhh

[15:47] {Les} if I remember correctly ave. 15

[15:47] {Threei} Fed's Bullard: FOMC is considering a change to language on horizon for rate changes

[15:47] {Threei} uh oh

[15:48] {dino} to japanese

[15:48] {Threei} lol

[15:48] {Les} hehehe

[15:48] {RonS} something other than "yabba dabba do"

[15:48] {Threei} I am not sudying any more langages in my life

[15:49] {dino} out hmin .11, +.96

[15:49] {Threei} wtg

[15:50] {dino} thx

[15:50] {Les} that is nice way to finish

[15:50] {billyc} gj dino

[15:50] {dino} lucky way

[15:51] {RonS} dino should change his name to bambam

[15:52] {Threei} if I know anything about strider, he is contemplating taking TIVO home right about now

[15:53] {dino} he has one on his harley

[15:53] {dino} i'm tired, too many trades

[15:54] {strider} no no no...too scary for me. I shut my laser down so I wouldn't be tempted.

[15:54] {Threei} here comes final push

[15:54] {Threei} but the tempattion was there eh? :)

[15:55] {strider} oh yeah.

[15:55] {strider} The 'resist not evil' approach doesn't work for me and stocks.

[15:55] {dino} that typically happen on momo vad?

[15:55] {dino} hod i mean

[15:56] {Threei} not really

[15:56] {Threei} they tend to pull back more often

[15:56] {Threei} close at the high after such run up is rather exception

[15:56] {dino} i was expecting big pullback

[15:57] {dino} snda stopped -.30

[15:57] {Les} look at TIVA on daily chart

[15:58] {Les} tivo sorry

[15:59] {RonS} 34x normal volume

[16:00] {billyc} thanks guys see you in the am

[16:00] {Threei} thank you all

[16:00] {RonS} TIVO is run by an ex-GE guy. If he is not shopping this thing immediately he is nuts.

[16:00] {Threei} have a great evening

[16:00] {Threei} see you tomorrow

[16:00] {RonS} Thanks Vad.

[16:00] {Les} yeh u 2. ciao

[16:00] {dino} thx all

[16:04] {dino} aarst drop

[16:04] {dino} arst