Mar 02 2010

Nice first half of the day, mostly dead afternoon - just another day in the office. SQNM, AIG, SEED, SPLS were among notable movers.

Session Time: Tue Mar 02 00:00:00 2010

[07:19] {_jfjf64} mornin

[07:37] {Threei} CRAY Custom Engineering Group to Work With Microsoft Research on Cloud Computing

[07:37] {Threei} CRAY today announced its custom engineering group will work with Microsoft Research to explore and prototype a system that could provide a glimpse into the future of cloud computing infrastructure. The initiative represents the custom engineering group's first breakthrough into the commercial market.

[07:37] {Threei} - The objective of the technology development initiative is to design a supercomputing architecture that dramatically lowers the total cost of ownership for cloud computing data centers. Cray's custom engineering group will design a system infrastructure that combines super efficient power delivery, high-density packaging and innovative cooling technologies. This solution is intended to significantly reduce facility, power and hardware costs.

[08:16] {Threei} Dendreon Corp Hearing Favus Institutional Research making cautious comments (timing uncertain)

[08:16] {Threei} - Note: DNDN management will present at the 12th Annual BIO CEO and Investor Conference in New York City on Tuesday, February 9, 2010 at 2:00 p.m. E.T.

[08:30] {Threei} GR) Greek govt spokesman: Greece to announce austerity measures tomorrow

[08:30] {Threei} finally.. suspense is killing me

[08:30] {nemo} sounds like a vaseline shortage coming

[08:45] {Threei} Tuesday, March 02, 2010 8:44:46 AM

[08:45] {Threei} Preview: Feb US Vehicle Sales numbers expected throughout the day from major auto makers

[08:45] {Threei} **consensus estimates y/y:

[08:45] {Threei} - Ford (Noon ET): +33%

[08:45] {Threei} - GM (09:45ET): +20%

[08:45] {Threei} - Chrysler: -18%

[08:45] {Threei} - Toyota: -10%

[08:45] {Threei} - Honda: +24%

[08:45] {Threei} - Nissan: +38%

[08:45] {Threei} {--- proud to contribute to Nissan's success

[08:54] {Threei} DNDN Hearing Deutsche Bank making positive comments (timing uncertain) (32.51, 0.00, 0.00%)

[08:58] {dino} gm all

[08:59] {Threei} dino :)

[09:01] {Les} hi dino, vad

[09:01] {Threei} les :)

[09:01] {nemo} haroo

[09:01] {_jfjf64} mornin my trading family

[09:02] {Les} hi mom

[09:02] {Threei} jf :)

[09:02] {nemo} mmmhhhh...shall we call Les Oed

[09:02] {_jfjf64} les is funny guy

[09:02] {_jfjf64} lol

[09:03] {Les} Nemo brings the worst out of me jf

[09:03] {nemo} Yeah...it's my fault

[09:03] {nemo} my ex said it was my fault she gained weight...go figure

[09:03] {Threei} nemo does that to people

[09:04] {Threei} I distinctly rwemember the boat where he brought the alcoholic out of me

[09:04] {nemo} actually I'm very good at helping people's souls transition to their next incarnation

[09:04] {Raven} cough

[09:04] {Threei} lol

[09:05] {fernp} Good morning everybody

[09:05] {Threei} fern :)

[09:06] {billyc} gm all

[09:06] {Threei} billy :)

[09:06] {billyc} vad

[09:07] {Threei} DNDN's active and volatile this morning

[09:09] {ese} good morning

[09:09] {Threei} ese :)

[09:09] {billyc} ese

[09:09] {Les} ese, billy

[09:10] {Les} fern

[09:10] {billyc} les

[09:10] {Les} and even a good morning to Raven, who is always as quiet as a ....

[09:10] {Les} Raven?

[09:11] {ese} les...billy

[09:11] {Les} a mouse?

[09:11] {Les} a serious trader? (unlike myself)

[09:12] {Les} I'll shut up now

[09:12] {nemo} that should last about 30 seconds

[09:13] {Raven} mourn to you Les

[09:13] {Les} morning, or mourning?

[09:13] {Raven} yes

[09:13] {nemo} wow, lasted 1 minute

[09:14] {billyc} lol

[09:14] {Threei} improved self-control, ya know

[09:14] {nemo} better than me

[09:15] {Threei} SQNM Cantor Fitzgerald Raised SQNM to Buy from Hold, price target: $16

[09:15] {Threei} wow

[09:15] {Threei} sweet target

[09:16] {ese} ya.....but can it get there

[09:17] {Threei} no but can be scalped on the way

[09:19] {ese} indeed

[09:20] {larisa} gm :)

[09:20] {Threei} larisa :)

[09:21] {larisa} vad :)

[09:22] {Les} hi larisa. SQNM going for gold...

[09:23] {larisa} les :)

[09:24] {lasertrev} morning

[09:24] {Threei} trev :)

[09:25] {ese} laris LT

[09:25] {billyc} trevor larisa

[09:25] {lasertrev} hi:)

[09:27] {ese} what do you make of dndn this morning vad

[09:28] {ese} was thinkin .60 break but it's far exceeded that

[09:28] {Threei} will be a widowmaker

[09:28] {ese} gotcha

[09:28] {Threei} presentation on March 9,

[09:28] {nemo} mon popping

[09:28] {Threei} one downgrade and one upgrade

[09:29] {ese} thats the term they used for russian sailors who were on submarines wasn't it?

[09:29] {ese} widow maker

[09:29] {Les} .75 break on sqnm?

[09:29] {Threei} I'd prefer pullback, but who knows, hot thing

[09:32] {Threei} pullback is coming

[09:32] {Threei} let's see if we get 7.70 or so

[09:32] {Threei} ideally would be entry near .70 with stop under .60

[09:33] {Threei} keep half lot ready

[09:33] {Threei} will be awfully fast when bottoming

[09:33] {nemo} MAGS!

[09:34] {magoo} HEY

06[09:34] * Threei slaps magoo around a bit with a large "WHERE HAVE YOU BEEN!" banner

[09:34] {magoo} i needed a break, but im back now

[09:34] {Threei} finally

[09:34] {magoo} first break since i joined

[09:34] {Les} no more snow to shovel?

[09:35] {Threei} get ready guys

[09:35] {Threei} here comes last leg of pullback

[09:35] {Threei} fast players only

[09:35] {magoo} which one?

[09:35] {Threei} SQNM

[09:35] {nemo} sqnm

[09:35] {magoo} ty

[09:36] {Threei} not yet

[09:36] {Threei} AIG btw

[09:37] {magoo} yea

[09:37] {Threei} keep half lot ready as well

[09:37] {Threei} not ready either, just ruined double bottom setup

[09:37] {Threei} well, SQNM

[09:38] {Threei} .90 break...

[09:38] {Threei} less athusiastic about it

[09:38] {Threei} would still prefer deeper pullback

[09:38] {Threei} but if holding .80 and breaks .90, valid play

[09:39] {Threei} 1:1

[09:39] {_jfjf64} ty

[09:39] {Threei} yw

[09:39] {fernp} ty Vad

[09:39] {Threei} just a scalp

[09:39] {billyc} thanks

[09:39] {ese} MMMMAAAAAGGGGGGGSSSSSSSS!!!!!!!!!

[09:39] {Threei} not enough pullback for me to risk for more

[09:39] {magoo} ty vad

[09:40] {magoo} 03 out

[09:40] {Les} aig

[09:40] {magoo} ES:)

[09:40] {Threei} welcome sir - consider it my greeting for you

[09:40] {Threei} crap, missed AIG

[09:40] {magoo} you know i want much more right lol

[09:40] {Threei} but of course

[09:40] {magoo} some things do NOT change

[09:40] {Threei} but let's start slowly

[09:40] {dino} gj

[09:40] {magoo} watching AIG

[09:41] {Threei} was thinking of AIG .30 break, and couldn't decide

[09:41] {_jfjf64} magoo ya bring out best in vad

[09:41] {Threei} lol

[09:41] {Threei} ok, SQNM tries to turn into serious momo

[09:41] {Threei} let's try for entry un pullback under .10

[09:41] {Threei} as close to 8 as possible

[09:42] {Threei} AIG, entry around .35

[09:42] {Threei} half lot!

[09:42] {Threei} don't go xcrazy on size, these moves can be a killer

[09:43] {_jfjf64} ba

[09:44] {Threei} wow... SQNM not letting us in

[09:44] {nemo} aig has support at .45 too

[09:45] {Threei} I seriously hate to chase this kind

[09:45] {nemo} what sqnm?

[09:45] {Threei} they tend to reverse on you just when you give up on wasiting for pullback and hit buy

[09:45] {nemo} then let's find something else

[09:45] {Threei} AUG is getting there

[09:46] {Threei} General Motors Corp Reports Feb US Vehicle Sales +32% v +20%e; to 138K units

[09:46] {Threei} OK, AIG, first strength

[09:46] {Threei} stop under .20

[09:46] {Threei} in .33

[09:46] {nemo} oops

[09:48] {Threei} half lot, about 15 cents risk

[09:48] {magoo} in .29

[09:48] {Threei} looks good for try

[09:48] {Threei} if double bottom scenario works, should be fine for .60 at least

[09:48] {dino} rino

[09:49] {Threei} stopped

[09:49] {nemo} if aig loses low look for it to bounce at .10

[09:50] {Threei} I think lower nemo

[09:50] {nemo} i said bounce...could be on the way down the cliff though

[09:50] {Threei} SEED?

[09:51] {magoo} stop

[09:51] {Threei} no news that I see

[09:51] {ese} dino what do you think of spls

[09:52] {dino} on screen

[09:52] {dino} would like close to db on it

[09:52] {Threei} come on already SQNM

[09:53] {ese} tks

[09:54] {ese} mrkt slowly loosing life.......

[09:55] {dino} snda sm l .10

[09:56] {ese} nice dino

[09:57] {billyc} gj

[09:57] {dino} so far

[09:57] {dino} feels like yesterday

[09:57] {strider} long TM .07

[09:57] {Threei} Long Setup: ENER on pullback under .40

[09:57] {strider} long KO .35

[09:57] {Threei} stop under .35

[09:59] {magoo} SNDA nice dino

[09:59] {magoo} ou6t .54

[09:59] {dino} ty

[09:59] {Threei} wtg

[09:59] {Threei} AIG serious hit

[10:00] {dino} stop is .50

[10:00] {Threei} SEED again...

[10:01] {magoo} [09:42] {&Threei} AIG, entry around .35

[10:01] {magoo} [09:42] {&Threei} half lot!

[10:01] {magoo} [09:42] {&Threei} don't go xcrazy on size, these moves can be a killer

[10:01] {nemo} sqnm forming bull flag?

[10:01] {magoo} great example vad

[10:01] {Threei} oh yeah, you don't control risk on these ones, you are dead

[10:01] {dino} out +.42

[10:02] {Threei} I doubt it nemo

[10:02] {Threei} it's a momo mover

[10:02] {Threei} if it loses mojo, it's dead

[10:02] {ese} L qqqq .70

[10:02] {Threei} it needs nice pullback to reignite the passion

[10:04] {ese} stop .65

[10:05] {Threei} Long Setup: AIG .70 half lot

[10:05] {nemo} I've got a support line on aig at .50 for some reason

[10:06] {magoo} in

[10:06] {dino} spls es

[10:06] {Threei} DNDN FDA Spokesperson: DNDN is not expected to face FDA advisory panel

[10:06] {Threei} *** (31.95, -0.56, -1.72%)

[10:06] {Threei} hmm?

[10:07] {Threei} pre-approved??

[10:07] {Threei} feel free to take profit on AIG

[10:08] {Threei} 1:1

[10:08] {dino} cacc, thinny, wide

[10:08] {Threei} DNDN will eat shorts for breakfast now

[10:08] {ese} nice one boys....just wasn't fast enough

[10:08] {Threei} mags in fine shape despite sabbatical

[10:09] {Threei} if he gets this kind of lighteningly fast entries

[10:09] {ese} tks dino

[10:09] {Threei} can't call DNDN guys, this is not technical move at all

[10:09] {ese} thoughts?

[10:10] {Threei} pure momo

[10:10] {ese} spls

[10:10] {nemo} sqnm coming into support

[10:10] {Threei} here is full text, see if you can make sense of it:

[10:10] {Les} in dndn .51 out .80 ty vad

[10:10] {Threei} Dendreon Corp Reportedly FDA comments that DNDN will not have to go before another FDA advisory panel for Provenge; confirms FDA PDUFA action date is May 1

[10:10] {Threei} ***Note: Earlier today there was an analyst note that suggested that investors should sell DNDN.

[10:10] {dino} spls l .05

[10:10] {Threei} FDA PDUFA action date is May 1 _ I don't know what that means

[10:11] {dino} syke

[10:11] {dino} ntri

[10:11] {Threei} analyst that suggested sell this morning will spend next couple weeks in a godhouse I suppose

[10:11] {dino} ioc

[10:11] {nemo} ioc

[10:12] {Threei} SQNM slid where I wanted it to, but is too slow still... not ready for bounce

[10:12] {Threei} umm

[10:12] {nemo} helluva' stop on ioc

[10:12] {Threei} godhouse = doghouse

[10:12] {nemo} outhouse

[10:12] {Threei} lol

[10:12] {Les} ah. that sounds better

[10:12] {dino} huh? ioc, not in, watching

[10:12] {magoo} out aig .91

[10:12] {magoo} ty

[10:13] {nemo} understand, helluva stop on it where it is

[10:13] {Threei} welcome... don't oversit them mags

[10:13] {dino} ok

[10:13] {Threei} Fed's Hoenig: Reaffirms Fed should not guarantee markets an 'extended period' of low rates; longer rates 'will take care of themselves' - CNBC interview

[10:13] {Threei} - feels that the Fed cannot go to 1% interest rate without causing issues, but believes the economby is strong enought to digest a 1% fed funds rate when it gets there

[10:13] {Threei} - expecting growth at slightly more than 3%, which should help employment; Fed must become prepared to raise rates as "1% is not tight"

[10:13] {Threei} - Note: At the last meeting Hoenig dissented, seeking removal of 'extended period' language

[10:13] {dino} tighten spls to .99

[10:13] {dino} mt drop

[10:14] {nemo} big volume just came into ioc

[10:14] {dino} snda hitting yesterdays lod

[10:14] {Threei} ENER, a little more...

[10:14] {Threei} this is scalp type I play

[10:15] {Threei} ese's kind

[10:16] {larisa} should not type 1 have volume? or ese willl easy double the volume :)

[10:16] {ese} tks vad....just noticed...what are you thinkin

[10:16] {nemo} ioc just bolted

[10:16] {Threei} .35 support to placew stop under it, ese,

[10:17] {Threei} want long between .35 and .40, wherevr iot strengthens,

[10:17] {Threei} with exit around .45

[10:17] {Threei} lol larisa

[10:18] {Threei} it has a lot of liquidity

[10:18] {Threei} VXX,

[10:18] {Threei} watch for long entry around .40

[10:18] {nemo} wow, ioc buck in 3 minutes

[10:19] {Threei} udeally .35 even

[10:19] {dino} ntri l .25

[10:19] {Threei} SQNM played out from under .10

[10:19] {Threei} I didn't have enough conviction for a call

[10:20] {nemo} bounced right of 50 ma

[10:20] {dino} out ntri .42, +.17

[10:21] {dino} nemo, what the f# ioc?

[10:21] {nemo} yeah, gave no warning, just popped

[10:21] {dino} stopped spls -.06

[10:22] {nemo} ntri

[10:22] {nemo} sorry

[10:23] {Threei} SEED... what the deuce?

[10:23] {Threei} anyone see any news?

[10:23] {dino} stewie

[10:23] {Threei} this one doesn't really move without news normally

[10:23] {fernp} not news here, vad

[10:24] {Threei} AIG Fitch affirms BBB ratings on AIG, outlook developing; AIA placed on watch postiive (24.71, -1.07, -4.15%)

[10:28] {dino} thin sm l swm .86

[10:29] {Les} SPLS approaching lod

[10:29] {dino} db or death?

[10:29] {Les} waiting with bated breath

[10:30] {Threei} I'd label it as possible multiple try,

[10:30] {dino} spls l .88

[10:30] {Threei} .90 break with stop under .80 first attemot

[10:31] {_jfjf64} ???

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

[10:31] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.

[10:31] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.

[10:31] {Threei} - VIX index -0.75% to just over 19.00

[10:31] {Threei} jf?

[10:31] {dino} naz vol lately

[10:31] {Threei} Long Setup: SPLS .90 break if stays under .80, and be ready for multiple tries; don't touch it if you aren't

[10:32] {_jfjf64} ty

[10:32] {Threei} this way is easier? :)

[10:33] {dino} you just did not explain it obama

[10:33] {dino} :)

[10:33] {Threei} lol

[10:33] {Threei} meanie

[10:34] {dino} indeed

[10:34] {Les} snda

[10:35] {nemo} Long Setup: SPLS .90 break if stays under .80,

[10:35] {nemo} ???

[10:35] {nemo} you mean above .80 right?

[10:36] {dino} tough crowd today

[10:36] {Les} nemo is bored I think

[10:36] {Threei} sigh

[10:36] {nemo} no..not making any assumptions

[10:36] {Threei} yes

06[10:36] * magoo slaps nemo around a bit with a large trout

[10:36] {magoo} been awhile

06[10:36] * nemo bliss

[10:36] {dino} ntri bummer

[10:36] {Les} haha taste of your own medicine

[10:36] {magoo} felt good

[10:36] {Threei} lol

[10:36] {nemo} shut up les...Magoo's been trouting me for awhile

[10:37] {dino} swm going upstream

[10:37] {Threei} get a room you two

[10:37] {Les} I'm rooting for him cause I can't trout you

[10:39] {magoo} these two been bickering while i was away vad?

[10:39] {nemo} nah

[10:39] {Les} Nemo was lonely without you Mags

[10:39] {nemo} Les sticks his chin out...I whack it

[10:40] {dino} snda sm l .65

[10:41] {Threei} I don't know if bickering is right word mags...

[10:41] {Les} not sure if sqnm wants to bounce here

[10:41] {Threei} it's a kind of thing that ends either in murder or marriage

[10:42] {nemo} I prefer the former

[10:42] {Threei} don't you always

[10:42] {nemo} consistency

[10:42] {Threei} HIG Hearing strength attributed to renewed takeover chatter

[10:42] {Threei} - Rumors again mention that Allianz is interested party (25.12, +0.31, 1.25%)

[10:42] {magoo} in snda

[10:42] {ese} L seed .50

[10:43] {magoo} with dino

[10:44] {Les} ATHN

[10:44] {Threei} ese... look at ENER

[10:44] {Threei} did we miss it by just one cent?

[10:44] {dino} stop on snda is .43

[10:46] {Les} ooh yeh sqnm bounced

[10:46] {Threei} Long Setup: AIG .95

[10:46] {dino} rino animal

[10:46] {magoo} here goes snda

[10:47] {ese} yes we did.....nice move ever

[10:47] {ese} ener

[10:47] {Threei} AIG invalidated

[10:48] {magoo} aig might be worth shot near .50

[10:48] {Les} sqnm has gone momo again

[10:48] {Threei} yeah, fire's rekindled

[10:50] {nemo} spls respecting the trend line

[10:50] {magoo} waiting snda .94

[10:50] {dino} swm stuck to .79

[10:50] {Threei} SQNM is officially momo

[10:51] {Threei} can't read it by technicals

[10:51] {Les} thanks dino for snda. out +.15

[10:52] {Threei} SPLS looks ready for bigger move now

[10:52] {nemo} volume strating to come in

[10:52] {Threei} 1:1

[10:52] {dino} spl(at)s moving

[10:53] {Threei} half out for me here

[10:53] {Threei} +.14

[10:53] {dino} stop to .99

[10:53] {Threei} .89 for me :)

[10:53] {_jfjf64} nice ty

[10:53] {billyc} gj

[10:53] {Threei} welcome

[10:54] {dino} to .05

[10:54] {ese} somebody give seed a hoof with a steel toed boot

[10:54] {Les} out spls. another good day. dino's example helping me to tighten up the play on his setups

[10:54] {dino} out +.17 spls

[10:54] {dino} happy to help

[10:55] {Les} yesterday contrary. buying at top and selling at bottom

[10:55] {dino} i am just a stingy bas#rd

[10:55] {Les} stingy and lucky are good

[10:55] {ese} inglorius not doubt

[10:55] {_jfjf64} piss off les

[10:56] {dino} snda troubles me tighten to .49

[10:56] {Les} hehe

[10:56] {_jfjf64} lol

[10:56] {Threei} you inspire us to become stingier and bastardier dino

[10:56] {_jfjf64} pcx .15 break

[10:56] {dino} infamous i've been called

[10:56] {Les} you still got your head in those Mediterranean skirts jf?

[10:56] {_jfjf64} easy

[10:57] {Les} ooops clouds I meant

[10:57] {dino} lol

[10:57] {_jfjf64} vad ya lk pcx

[10:57] {Threei} chart I like

[10:57] {Threei} what I don;'t like is time of the day,

[10:57] {_jfjf64} 5min

[10:57] {Threei} this is about whn breakout cease to work lately

[10:58] {ese} I want seed to have one of dem dare 4 dalla up type days

[10:58] {nemo} so, that means they'll start working :)

06[10:59] * nemo slaps strider around a bit with a large set of harley saddle bags

[10:59] {dino} fade the faders fade huh

[11:00] {nemo} african swallow, or european?

[11:00] {_jfjf64} pcx

[11:01] {_jfjf64} 1/1

[11:01] {billyc} gj jf

[11:01] {Les} nice one. missed the .15 break i wanted

[11:01] {nemo} How's it feel to want?

[11:01] {_jfjf64} went in .14

[11:02] {Les} I just go and drink a beer and its forgotten nemo

[11:02] {nemo} nice

[11:02] {_jfjf64} les im beginning to lk ya

[11:02] {_jfjf64} nemo piss off

[11:02] {nemo} hehehe

[11:02] {_jfjf64} lol

[11:03] {dino} lol

[11:03] {Les} I can see the Bahamas beer party already. somewhere down the road...

[11:03] {_jfjf64} dinooooooooooooo

[11:03] {nemo} amzn riding support

[11:03] {Threei} just tell me when you all are going to Bahamas

[11:04] {Les} no

[11:04] {nemo} here comes the punch line

[11:04] {Threei} so I make sure to go to Alaska that week

[11:04] {billyc} i live 30 mintues from there

[11:04] {nemo} ese...rim shot

[11:04] {nemo} alaska billy?

[11:04] {magoo} yea..me and vad are heading north

[11:04] {billyc} too cold

[11:04] {dino} stop snda -.16

[11:04] {magoo} out

[11:04] {ese} ba dap bap!

[11:04] {nemo} I'll send my evil twin

[11:04] {nemo} ty ese

[11:05] {Threei} and you haven't attended our Freeport seminar Billy...

[11:05] {ese} rim shot a little late ....better late than never

[11:05] {nemo} mmmhhh...fcx setting up short?

[11:05] {billyc} i will next time

[11:06] {Threei} PCX explosion

[11:06] {dino} maybe me too

[11:06] {Threei} nice find jf

[11:06] {_jfjf64} thats what i do

[11:06] {Threei} slideshow of this last one is still in the making...

[11:07] {Threei} previous one is at http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[11:07] {nemo} that's back when my hair was short...

[11:07] {Threei} look it and tell me isn't it fun

[11:07] {nemo} bill does 1st class

[11:07] {Threei} tax deductible funm too

[11:09] {Threei} SEED woprks for you ese

[11:10] {Threei} lol... look at SPLS 1 min and compare spike tming qwith:

[11:10] {Threei} [10:52] {Threei} SPLS looks ready for bigger move now

[11:11] {dino} gj jf pcx

[11:11] {ese} out 1/2 seed .92 +.42 balance to break even

[11:11] {Threei} wtg

[11:11] {dino} wtg

[11:11] {dino} puk l .50

[11:12] {Threei} OK

[11:12] {Threei} let's try to find VXX entry

[11:12] {dino} higher low spls

[11:12] {ese} nahhhh for get it balance out .94 +.44

[11:12] {Threei} why not

[11:13] {ese} 12k of seed makes for a nice day

[11:13] {Threei} 45 cents is nothing to sneeze at

[11:13] {ese} nope

[11:13] {Threei} and at 12K lot it's nothing to even squint at

[11:13] {ese} indeed

[11:14] {dino} then i correct my wtg to wtfg

[11:14] {Threei} if I weren't that stingy and called ENER at .41, you'd take about 39K there, and pretty much feel set for the next two-three hours, expenses wise

[11:14] {ese} i'll take that wtfg

06[11:15] * magoo slaps ese around a bit with a large trout

[11:16] {ese} agady agady......

[11:16] {Threei} ese speaks martian...

[11:16] {ese} seed comes dn just as hard as it goes up

[11:17] {Threei} Long Setup: VXX .35 break

[11:17] {ese} thats from bugs bunny when one of the characters gets slapped a little

[11:17] {dino} tuck em in bugs

[11:17] {fernp} stop under .28?

[11:18] {Threei} for now, yes

[11:18] {fernp} ty

[11:19] {Threei} wanted to suggest modification and get .30 break, and was too late

[11:20] {Threei} that would be sweet entry, 3 cents stop

[11:21] {nemo} amzn downward wedge

[11:22] {dino} is that like downward dog

[11:23] {nemo} ?

[11:23] {Threei} rofl

[11:24] {ese} Laig .86

[11:25] {ese} out aig .96 +.10

[11:25] {ese} this is how work was meant to be

[11:25] {Les} sqnm possible support here

[11:26] {fernp} stopped VXX

[11:28] {Les} SNDA at 39

[11:28] {dino} watching it, need nemo for support line

[11:29] {Les} pivot support at 38.49

[11:29] {dino} i show 37.20, but thats a ways

[11:30] {dino} spls lod

[11:35] {Les} fcx bounce

[11:36] {dino} going for hod's

[11:36] {Threei} all such breaks in recent weeks failed

[11:37] {Threei} not spectacularly, just stalled... but enough to get any brewakout play stopped

[11:38] {Threei} not biting

[11:39] {dino} here it comes

[11:42] {dino} hmmm

[11:45] {Les} covering sqnm +.10

[11:45] {Les} vad, other day you said your intraday BB charts were set differently to daily charts

[11:45] {Threei} yes

[11:45] {Les} what was your intraday settings?

[11:46] {Threei} 13/1.7

[11:46] {Les} ty

[11:46] {Les} wow. that changes the dynamism of sqnm downward spike one minute ago.

[11:50] {magoo} back

[11:54] {magoo} hello?

06[11:54] * nemo slaps nemo around a bit with a large trout

[11:54] {Threei} we are not deaf, we are just ignoring you

06[11:54] * nemo slaps magoo around a bit with a large trout

[11:55] {magoo} ahhhhh...good

[11:55] {Threei} also, considering how long you were on sabbatical, you can't blame us for thinking you are just mirage

[11:55] {Threei} or hallucination

[11:55] {magoo} didnt think u guys had enough of me already after such absence

[11:55] {Threei} and we are afraid to talk to hallucination, for when they start answering you...

[11:57] {Threei} (US) House Committee requests information related to claim denials by healthcare companies

[11:57] {Threei} - Asks CEOs from Humana, Aetna, Wellpoint and UnitedHealth to testify at 3/23 hearing.

[11:57] {Threei} ****Reminder: On 2/24 HHS Secretary requested a March 3 meeting with CEOs of health insurers including WLP, UNH, CI, HUM and AET.

[11:57] {Threei} was there ever such widespread intrusion in business by goverment bodies in USA history?

[12:01] {Threei} F Reports Feb US Vehicle Sales +43.1% y/y v +33%e; to 142.2K units

[12:01] {Threei} - Total Truck and van sales % y/y to K units v +14.5% in Jan (39.7K units)

[12:01] {Threei} - F series pick-up s... (12.39, -0.02, -0.16%) more...

[12:01] {dino} two different theories at work 3i, the dems who want control

[12:01] {dino} and the republicans who want markets.

[12:01] {dino} problem is dems control the votes so swinging wide left

[12:02] {dino} i am w/john galt, "get out of the way"

[12:02] {Threei} even bigger problem is, when republocans get their way they squander it almost as effectively...

[12:02] {Threei} none of them gets out of the way

[12:03] {dino} agree that they all spend too much

[12:05] {dino} we've stalled in tight range

[12:06] {Threei} as always

[12:06] {Threei} Market Internals update at 12:00pmET

[12:06] {Threei} - NYSE volume 365M shares, about 15% below its three-month average; advancers lead decliners by 2.8:1.

[12:06] {Threei} - NASDAQ volume 1.21B shares, about 28% above its three-month average; advancers lead decliners by 2.1:1.

[12:06] {Threei} - VIX index -2% to just below 19.00

[12:07] {Threei} this phenomenon continues to amaze me

[12:07] {Threei} I don't think I've ever seen this, for such extended time

[12:07] {Threei} for months now, we have volume increasing on red days, drying up on green ones

[12:08] {Threei} yet uptrend is intact

[12:08] {dino} and tight range afternoons

[12:08] {Threei} aftrenoon tight ranges, yes...

[12:08] {Threei} but this is something that is simply to be taken into account,

[12:08] {Threei} incirporated in our strategy

[12:09] {Threei} so we don't overtrade at thiks time of the day

[12:09] {Threei} keep bets light

[12:09] {Threei} that volume pattern though, it's different

[12:09] {Threei} it goes against one of fundamental principles

[12:10] {Threei} which is no big deal if happens once in a blue moon

[12:10] {Threei} but it holds true for months

[12:11] {Threei} even without tracking day by day, look at SPY daily for instance

[12:11] {Threei} general volume-price configuration

[12:11] {Threei} you'll see what I mean

[12:13] {dino} snda sm l .00

[12:13] {Threei} if anyone can come up with any sensible explanation, feel free... cause I sure have none

[12:13] {nemo} wall of worry climb

[12:14] {nemo} market shouldn't be going up, so light buying moves it up

[12:14] {Threei} any bull market does that at the beginning stages

[12:14] {Threei} but this volume pattern is never this sustainable

[12:14] {dino} random dance market

[12:14] {nemo} what was the last depression you lived through?

[12:14] {dino} buy them higher sell them lower

[12:14] {Threei} lol

[12:15] {Threei} why do I need to live through depression to know chart patterns?

[12:15] {nemo} well, go study the chart volume patterns from that time

[12:15] {nemo} last year was "we're all gonna'die"

[12:15] {Threei} and who told you I ever came out of depression meeting you in 2007 caused?

[12:15] {dino} further, i feel as tho the investor is dead. these markets move on traders, days happen in minutes

[12:16] {nemo} nano-trading

[12:16] {nemo} there's a book in there

[12:16] {Threei} you measn you see this volume pattern in depression timnes?

[12:16] {Threei} then we look at different charts, I don't see anything like this

[12:16] {nemo} I don't know...just last year was quite an exception

[12:16] {dino} drop

[12:17] {nemo} fas pullback

[12:17] {Threei} ok, I take severe umbrage in this one:

[12:17] {Threei} [12:15] {nemo} well, go study the chart volume patterns from that time

[12:17] {Threei} you think I didn't, before asking the question?

06[12:17] * Threei slaps nemo around a bit with a large price-volume charts from 1930 to our days

[12:17] {dino} i think you are overthinking it. my gut says no investors just traders

[12:18] {Threei} it's true

[12:18] {Threei} but why is volume reversed?

[12:18] {dino} panic on any drop after '09

[12:18] {nemo} wall of worry

[12:18] {dino} brutal lesson learned, get out

[12:18] {nemo} yep

[12:19] {dino} investors would wait it out, investors are minority

[12:19] {ese} did they even have price charts back then

[12:19] {nemo} yes ese

[12:19] {nemo} all investors are gone...money gone

[12:19] {Threei} yes... they called them plates, for some reason

[12:20] {dino} shoot first on drops ask questions later

[12:20] {Threei} I guess I don't ask my question clearly

[12:20] {Threei} and it's not emopty curiosity

[12:20] {Threei} this is something we need to understand in order to read the direction

[12:21] {Threei} let me try again

[12:21] {Threei} yes, as you say, when fear overcomes greed, volume increases on red days

[12:21] {Threei} that's what such increase indicates:

[12:21] {Threei} more fear,

[12:21] {nemo} economically much fear right now

[12:21] {Threei} greed retreats

[12:22] {Threei} and volume on green days is less.

[12:22] {Threei} That's all normal.

[12:22] {Threei} What isn't normal:

[12:22] {Threei} when this pattern develops, we establish DOWNtrend

06[12:22] * nemo asks: "What is normal?"

[12:22] {Threei} not UPtrend

[12:22] {ese} seed....wha da ya think vad L maybe at .05

[12:22] {Threei} yet, having this volume pattern, we continue uptrend

[12:23] {dino} more fear than greed

[12:23] {nemo} Fear is still very high out there

[12:23] {Threei} ese, it's worth a try, but wether it works or not won't depend on technicals, rather on wheher momo players return

[12:23] {dino} economy in my area sucks, fear everywhere

[12:23] {Threei} yes

[12:24] {Threei} that's what volume idndicates

[12:24] {Threei} more fear

[12:24] {Threei} so why uptrend??

[12:24] {nemo} Lotsa' fear, but where else you gonna' put your money?

[12:24] {dino} so perhaps lower vol on up because no investors(fear), but the ones that are in sell drops fast

[12:25] {dino} right now, the cd's are getting the money but paying nothing (fear again over rides)

[12:25] {nemo} my take dino, lock in profit and begrudgingly buy upward]

[12:25] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[12:25] {Threei} - Reminder: Jan sales +22% to 65.5K units

[12:25] {nemo} also, with no place else to put money, nobody really selling

[12:26] {dino} sure, back to trader market only, no investors

[12:26] {Threei} what do you mean nobody really selling?

[12:26] {Threei} where does volume on red days coming from then?

[12:26] {Threei} if it all were just short term traders, volume would be roughly equal

[12:26] {nemo} people locking in profit

[12:27] {dino} traders/sellers. investors are gone, most traders are long only types, they sell fast

[12:27] {Threei} OK, I guess my english sucks... you guys don't hear me :)

[12:27] {dino} athn just exploded

[12:27] {dino} i hear you 3i, but nobody knows. my thoughts are fear on drops

[12:28] {dino} snda oput at .40, +.40

[12:29] {dino} i understand the dilema, i ask it too, but....

[12:29] {Threei} SNDK boumce candidate

[12:29] {dino} swm was stopped btw

[12:30] {Threei} fast dive to or just under .50 would be ideal

[12:30] {nemo} at yesterday's close

[12:31] {nemo} market looking weak

[12:31] {Threei} well, we have TV appearance coming

[12:31] {nemo} who?

[12:31] {Threei} guess

[12:32] {dino} hank reardon

[12:32] {nemo} male or female?

[12:32] {Threei} dino, get back in real wolrd, will ya :)

[12:32] {dino} :)

06[12:32] * nemo slaps dino around a bit with a large copy of Atlas Shrugged

[12:32] {dino} you guys did this to me

[12:32] {nemo} BSMF

[12:33] {Threei} sorry dino

[12:33] {nemo} and frankly...Ayn would be pissed at you for saying that

[12:33] {dino} no complaints, changed me

[12:33] {Threei} I find that book kind of litmus test

[12:33] {Threei} I find myself on the same side on many issues with those who like it

[12:34] {_jfjf64} hmm

[12:34] {nemo} FAS about to hit VWAP

[12:34] {nemo} and 200

[12:34] {dino} swm rinsed

[12:35] {gregns} now is not the time for sndk?

[12:35] {fernp} SNDK .70 break, Vad?

[12:35] {Threei} no... don't like it here

[12:35] {fernp} ok

[12:35] {gregns} okey dokey

[12:35] {dino} oh man, the meatloaf sandwich is under-rated. should make a meatloaf sub

[12:35] {Threei} if it goes from here, it's just one of those moves that I can't read

[12:36] {fernp} u can read everything :-)

[12:36] {Threei} but suppose it pulls back to .65 or so,

[12:36] {Threei} and return to .70 and breaks it, yes, that I'd see as a valid setup

[12:37] {fernp} yes understand, db scenario

[12:37] {Threei} yes, with higher low

[12:38] {Threei} as it is, it's just a move

[12:38] {dino} here's a thought on your volume question, could it be that some of the stocks that are in the indexes are above average, thus pulling everything else along

[12:38] {Threei} not everything moves in patterns, some moves are just that

[12:38] {Threei} hah

[12:38] {nemo} also have etfs...wonder what affect they're having

[12:38] {nemo} effect

[12:38] {Threei} that's interesting suggestion dino

[12:38] {nemo} influence

[12:38] {Threei} and you know what

[12:39] {Threei} pattern is drastically different for NYSE and NASDAQ

[12:39] {dino} other thing is some have been dropped from index (c, aig, etc)

[12:39] {Threei} that would influence volume now vs volume before they were dropped

[12:39] {Threei} not day by day now

[12:40] {Threei} but your first suggestion is very likely true

[12:40] {Threei} NYSE and NASDAQ represent different sectors,

[12:40] {Threei} and volume on NASDAQ was less impacted by this strange pattern

[12:40] {dino} the meatloaf trigger the thought

[12:40] {nemo} wow

[12:41] {Threei} NYSE with its heavy represenation of financials

[12:41] {Threei} could be

[12:41] {dino} we're onto something

[12:41] {nemo} how's your shoulder dino

[12:41] {Les} NO FOOLS it's the computers!

[12:41] {Threei} The Power of Meatloaf Thinking

06[12:41] * nemo slaps Les around a bit with a large lead pipe

[12:41] {dino} good title\

[12:42] {Threei} well, the implication is:

[12:42] {Threei} without breaking things by sectors and possibly even deeper, isolation of certain stocks with unusual heavy trading,

[12:42] {Threei} we can't rely on index volume

[12:43] {Threei} and I am too lazy to do those deep analysis

[12:43] {nemo} interferes with your drinking time

[12:44] {Threei} and with my non-thinking principles

[12:44] {Threei} (I prefer to call inabaility a principle, ya know)

[12:45] {Threei} so there we go: index movement is dicated by price changes, not volume-weighted,

[12:45] {Threei} most stocks move in unison and define index direction,

[12:45] {Threei} but some, where the fear is concentrated the most, have unusual big volume on down days

[12:45] {Threei} skewing the volume pattern.

[12:46] {dino} glad i could be of assistance

[12:46] {Threei} totally

[12:46] {Threei} you keep that meatloaf handy

[12:47] {dino} will do, good for once every other week

[12:47] {Threei} SCON Hearing MDB Capital analyst suggests SCON has been awarded a significant contract win from AT&T for data network equipment (3.35, +0.47, 16.32%)

[12:47] {Threei} another momo

[12:48] {Threei} PAH3.GE Reports US Feb vehicle sales at 1,531 units, about flat y/y

[12:48] {Threei} that's Porsche

[12:50] {dino} gmcr

[12:56] {dino} qsii

[12:56] {dino} spls lod

[13:00] {Threei} BLDP to Power SunLine Transit Agency Buses (2.35, +0.11, 4.91%)

[13:01] {Threei} fuel cells stock

[13:04] {dino} puk to .61

[13:04] {_jfjf64} rimm new h

[13:05] {strider} TM

[13:05] {Threei} TM Reports Feb US Vehicle Sales (y/y): -8.7% v -10%e; to 100K units

[13:05] {Threei} - reminder: Feb Sales -8.7% y/y at 98.8K units (74.48, +0.84, 1.14%)

[13:06] {dino} to .62

[13:08] {dino} out puk +.12

[13:11] {gregns} sndk

[13:11] {gregns} ?

[13:12] {Threei} not sure

[13:12] {Threei} can become a short on .60 breakdown just as well

[13:13] {gregns} ty

[13:14] {_jfjf64} qcom what up

[13:15] {Threei} QCOM Hearing positive comments being made at annual shareholder meeting; see revenues and EPS at the high end of prior expectations

[13:15] {Threei} - Note: on 1/27 QCOM Guided FY10 EPS $2.10-2.30 v $2.22e, R$10.4-11B v $10.6Be (38.03, +2.47, 6.95%)

[13:15] {Threei} US sets preliminary anti-subsidy duties of 4-13% on China, 17.5% on coated paper from Indonesia

[13:15] {Threei} - Notes still assessing whether to treat China's currency practices as a countervailing subsidy.

[13:15] {_jfjf64} ty vad

[13:16] {_jfjf64} wd of been nice at 37.00

[13:26] {fernp} PAY any read, Vad?

[13:28] {Threei} I am seriously torn fern

[13:28] {Threei} I like the chart

[13:29] {Threei} but how many of these worked lately on aftrenoons?

[13:29] {strider} [13:28] {&Threei} "I am seriously torn fern" ---vad, you probably just need to be re-potted.

[13:29] {fernp} yes, you are right

[13:30] {Threei} rofl

[13:30] {Threei} you guys in rare shape today

[13:30] {nemo} or keep the dog away

[13:30] {dino} spls sm l .50

[13:31] {_jfjf64} rimm vad

[13:33] {Threei} 50/50 jf

[13:37] {Threei} look at this paralysis

[13:37] {Threei} wehich way it resolves is a total coin toss

[13:37] {_jfjf64} lk the short now

[13:39] {Threei} wow

[13:39] {Threei} read this:

[13:39] {Threei} Fed's Hoenig: Very difficult to see asset sales this year as must prepare markets for policy change - CNBC interview exerpts

[13:39] {Threei} - asked how he would handle the exit strategy, Hoenig comments the Fed should "prepare the markets" over a period of months, then more toward unwinding and normalization measures over a period of "years."

[13:39] {Threei} Fed should "prepare the markets"?

[13:39] {Threei} #$*&^$kers

[13:42] {_jfjf64} tk look pcx

[13:43] {Threei} impressive

[13:43] {_jfjf64} up 1.00 from my entry

[13:44] {Les} SPLS bottom feed somewhere round here

[13:45] {nemo} no volume

[13:45] {Les} yeh that'd be key

[13:45] {_jfjf64} tell em nemo

[13:45] {Threei} SNDK is totally got away from me

[13:46] {Threei} twice

[13:46] {nemo} reminds me of a bad joke...but I can't remember it

[13:46] {_jfjf64} grrrrrrrrrrrr

[13:46] {nemo} not you jf

[13:47] {nemo} little volume creeping into spls

[13:47] {nemo} mon basing

[13:48] {nemo} volume increasing on spls

[13:49] {dino} ntri sm l .20

[13:49] {Les} OSIP

[13:50] {ese} gotta go all see ya tomorow.......

[13:50] {Les} ciao

[13:50] {_jfjf64} see ya es

[13:51] {dino} cya

[13:51] {billyc} cya ese

[13:51] {_jfjf64} no seed watchers

[13:52] {Les} fcx

[13:52] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[13:52] {Threei} - Reminder: Jan sales +22% to 65.5K units

[13:52] {Les} just doesn't wanna stop

[13:54] {Threei} X lags

[13:54] {Threei} in fact, doesn't want to go with market

[13:55] {Threei} if I wanted a trade, it would be short X on 58 break when market revreses back down

[13:55] {nemo} x looks like fas

[13:55] {Les} sqnm trying

[13:55] {_jfjf64} does that mean ya shorting

[13:56] {Threei} no colored call - discretionary

[13:56] {larisa} X still uptrending though

[13:56] {_jfjf64} pcx strong

[13:56] {Threei} you like - you take

[13:56] {Threei} I just describe it for those who want

[13:56] {fernp} NVDA .05 break, Vad?

[13:57] {Threei} too narrow fern

[13:57] {Threei} if you eant 5 cents scalp, sure

[13:57] {Threei} want

[13:57] {dino} qsii sm l break of .20

[13:57] {Threei} and jf, it's invalidated anyway

[13:57] {fernp} ty. that's what i want

[13:59] {dino} cx qsii

[14:00] {Les} SNDA may be reversing

[14:00] {Threei} Fed's Kocherlakota: Unemployment levels are uncomfortable

[14:01] {Threei} that's one way to put it

[14:01] {dino} especially for the unemployed

[14:01] {dino} ntri stop is .99

[14:02] {larisa} Kocherlakota??

[14:02] {Les} fed makes no pretense that its not run by mafia

[14:05] {nemo} kick me please vad

[14:05] {Threei} hmm?

[14:05] {nemo} do I need to repeat it?

[14:05] {Threei} I don't indulge masohists

[14:05] {Threei} I make them suffer by not indulging

[14:06] {nemo} no..for missing fcx at 77.55 I was looking at it when volume came in, said "nah, that's too obvious."

[14:06] {nemo} mon

[14:06] {nemo} volume coming in break of 72 interesting

[14:09] {Les} Nemo, you once mentioned white numbers on T&S is people trying to get out

[14:09] {Les} nice call on mon by the way

[14:09] {nemo} ty

[14:09] {nemo} can be white numbers are market orders

[14:09] {Les} what does this colour coding on T&S mean?

[14:09] {nemo} market orders

[14:09] {Les} green is buy?

[14:10] {Les} Red is sell?

[14:10] {nemo} green means somebody bought the offer

[14:10] {Les} what is yellow?

[14:10] {nemo} Red means somebody selling sold to the bid

[14:10] {nemo} yellow in your case is likely market orders

[14:10] {dino} ntri stop

[14:10] {larisa} yellow means too much carrot

[14:10] {Les} out MON +.20

[14:10] {Threei} msrket orders?

[14:11] {Threei} they can't be color coded

06[14:11] * nemo slaps larisa around a bit with a large peacock feather

[14:11] {Threei} DOJ has requested some Hedge Funds hold on to trading records with regards to Euro transactions - CNBC's Faber

[14:11] {Threei} - DOJ has not subpoenaed any individuals or companies

[14:11] {Threei} what the hell is going on

[14:12] {Les} crap. OSIP broke at same time as MON

[14:13] {Les} http://uploads.mibbit.com/4skNUx.gif

[14:13] {dino} trying to make speculation illegal, crazy times

[14:13] {Les} Vad, can you help me decode this T&S chart please?

[14:14] {Les} yellow price means unchanged

[14:14] {Les} yellow vol. means unchanged

[14:15] {nemo} no it means in between bid and offer...likely market order

[14:15] {Threei} that's what your broker said?

[14:15] {Les} no just guessing

[14:15] {nemo} wtf

[14:15] {Threei} ok, you need their explanation of color agenda

[14:15] {Les} its broker specific is it?

[14:15] {Threei} I've no idea what they label as yellow

[14:15] {nemo} green means somebody bought the stock paying the offer]

[14:15] {Threei} for Laser it's simple

[14:16] {Threei} green - trade at offer price

[14:16] {nemo} red likely means somebody sold the stock for the bid

[14:16] {Threei} red - trade at bid price

[14:16] {Threei} white - inbetween

[14:16] {nemo} yellow is likely market/inbetween

[14:16] {Threei} why market?

[14:16] {Threei} inbetween - probably

[14:16] {Threei} but why it needs to be market?

[14:17] {Les} ok. will try to track it down. thanks anyway

[14:17] {nemo} doesn't need to be, but market orders will usually be the best available price

[14:17] {Threei} so will limit

[14:17] {nemo} good point

[14:17] {Threei} send at the offer, if there is hidden offer lower you'll get it

[14:18] {Threei} make this disctinction:

[14:18] {Threei} there is an order that hits someone else's one,

[14:18] {Threei} this is MARKETABLE order

[14:18] {Threei} don't confuse with market

[14:19] {Threei} marketable order can hit hidden one inbetweem

[14:19] {Threei} now, if you try to put in bid or offer at the current perice or beyond, but not between existing ones,

[14:19] {Threei} it's pyre limit

[14:19] {Threei} pure

[14:19] {Threei} and there will be no improvement

[14:20] {Threei} you'll get a fill only when someone hits you

[14:20] {Threei} what you'll get though with Laser is ECN rebate

[14:21] {nemo} fcx siting on resistance and trendline

[14:21] {nemo} sitting

[14:23] {dino} qsii sm l .15

[14:24] {strider} HIG, jb

[14:24] {nemo} is it trading?

[14:25] {dino} \sm l snda .25

[14:27] {Threei} sharp moves both directionms

[14:27] {nemo} what you say about pulling teeth last week?

[14:28] {Threei} to me, this week feels easier

[14:28] {nemo} it's only Tuesday

[14:28] {Threei} get your good trades early, then sit it out

[14:28] {Threei} wait for something big to happen

[14:28] {nemo} reminds of a woman I dated...spent a year with her one week

[14:28] {Threei} if you get lucky to get news early, fine

[14:29] {Threei} if not, sit and yawn

[14:29] {nemo} great...made me yawn

[14:30] {Threei} last week was tougher for me because period of morning activity was shorter

[14:30] {Threei} if day started with stop or two, it would take whole day to get out of it

[14:30] {Threei} this week so far at least, morning is a little longer

[14:31] {Threei} so there is more time to right things

[14:31] {Les} today was excellent for me

[14:31] {nemo} fcx 200 ma at .90

[14:31] {nemo} support at .95

[14:31] {Les} integrating dino's strategy

[14:31] {nemo} meatloaf?

[14:31] {Les} with your strategy

[14:31] {Threei} meatloaf with bacon then

[14:31] {Les} and doing it properly

[14:31] {nemo} vodka

[14:31] {Threei} sprinkle with carrot juice, and you are fine

[14:32] {nemo} homage to lari

[14:32] {Les} given which, I will quit while I am ahead and catch up on sleep. night all

[14:32] {Threei} take care les

[14:32] {nemo} wow...gift from God

[14:33] {Les} just this once

[14:33] {nemo} hehehehe

[14:33] {Threei} greast

[14:33] {Threei} Chile quake shook Earth of its axis

[14:33] {nemo} saw that

[14:33] {Threei} day shortened by 1.26 microsecond

[14:33] {Threei} :(

[14:33] {nemo} fcx bounced on 200

[14:34] {Threei} HIG broke strider

[14:34] {strider} yep. didn't take it.

[14:34] {Threei} ok... look at this SPY action

[14:35] {Threei} is it really something readable and enticing to oparticipate in?

[14:35] {nemo} those long tails...volatility

[14:44] {fernp} PAG breakdown, Vad?

[14:44] {nemo} takeover rumor on PCX

[14:44] {Threei} mah

[14:44] {fernp} ok

[14:44] {Threei} this is torture

[14:45] {Threei} fighting for 3 cents

[14:49] {dino} back in 15

[14:52] {Threei} PIP Ticking higher recently after reports from Twitter circulate about a suspicious letter and potential anthrax threat in DC (1.87, +0.09, 5.06%)

[14:53] {Threei} (US) Fed's Kocherlakota: Creation of a world currency has very low probability (related EUR/USD USD/JPY USD/CNY )

[14:53] {Threei} lol

[14:53] {Threei} low?

[14:53] {Threei} zilch is more like it

[14:56] {_jfjf64} rimm

[14:59] {_jfjf64} good night all

[14:59] {Threei} take care jf

[15:00] {fernp} bye jf

[15:00] {_jfjf64} + for day good day

[15:00] {magoo} i'm out of "trading" shape here

[15:00] {magoo} exhausted lol

[15:01] {Threei} lol

[15:01] {_jfjf64} mee too

[15:01] {nemo} ?

[15:01] {_jfjf64} tks time

[15:01] {nemo} what...finger blisters?

[15:01] {nemo} sore butt?

[15:01] {magoo} all of the above

[15:02] {nemo} psychological stress from my sense of humor?

[15:02] {_jfjf64} was any one speakin to nemo

[15:02] {nemo} or lack thereof

[15:02] {_jfjf64} lol

[15:02] {nemo} you want on the list jf?

[15:02] {_jfjf64} no list pls

[15:02] {Threei} uh oh

[15:02] {Threei} the list

[15:02] {nemo} some names in pen, some in pencil

[15:02] {Threei} infamous the list

[15:03] {Threei} you be caAREFUL JF

[15:03] {nemo} got the caboose before the engine there

[15:03] {_jfjf64} wher is les when i need em

[15:03] {nemo} he knows better

[15:04] {Threei} you need more les?

[15:04] {nemo} bah dum bump

[15:04] {_jfjf64} i need to go see ya

[15:04] {Threei} :)

[15:05] {_jfjf64} goodnight mr nemo

[15:06] {nemo} Mr.?

[15:06] {Threei} mrs?

[15:06] {nemo} never

[15:07] {nemo} reminds me of a story though

[15:07] {magoo} he's a she??

[15:07] {_jfjf64} yeah

[15:07] {nemo} you surfin' again magoo?

[15:07] {Threei} not when i saw him, but it's been a whole year

[15:07] {nemo} I'm saving up

[15:07] {magoo} ah vad, modern medicine lokl

[15:08] {Threei} yeah, who knows these days, lol

[15:09] {magoo} and sometimes even boyz are girls anyway, he coulda fooled you

[15:16] {dino} ,

[15:16] {nemo} .

[15:17] {Threei} PDLI Guides Q1 $.17 v $0.28e, R$62M v $70Me (6.96, -0.18, -2.52%)

[15:27] {magoo} oldie but a goodie

[15:27] {Threei} today is different

[15:27] {magoo} vad "are we in anything?"

[15:27] {Threei} hehe

[15:27] {nemo} OMFG

[15:27] {Threei} instead of finishing at the high, market went back down through the whole range

[15:27] {Threei} range is very narrow, but still

[15:29] {dino} yes 5 pts s/p

[15:35] {Threei} and jf is angry with me for not finding a play every 3rd second

[15:35] {Threei} find someone who calls as many as we did in 5 points range, lol

[15:35] {nemo} still got a half hour

06[15:35] * Threei slaps _jfjf64 around a bit with a large dose of reality

06[15:36] * nemo slaps _jfjf64 around a bit with a large DILLIGAF

[15:36] {Threei} it's slap jf hour

[15:36] {nemo} Well...gotta' go c u in the ESTAM

[15:36] {Threei} in the what?

[15:37] {nemo} Eastern Standard Time A. M. making allowances for Les, who will be drinking after lunch

[15:37] {Threei} lol

[15:37] {Threei} no interesting earnings today

[15:37] {Threei} unless VISN is of interest

[15:37] {Threei} and PAY

[15:38] {fernp} good evening everybody. see you all tomorrow

[15:39] {Threei} take care fern

[15:39] {Threei} Ron... for your first day, are we totally crazy or it's bearable?

[15:40] {RonS} Bearable...just watching to get the groove...

[15:41] {Threei} okay... 'cause to me it looks like total asylum

[15:41] {RonS} ...been with crazier...

[15:41] {Threei} the we still have room {G}

[15:41] {Threei} then

[15:42] {dino} cya fern

[15:42] {dino} welcome to our jungle ron

[15:42] {billyc} hey ron

[15:43] {RonS} hey everyone...

[15:44] {billyc} dino where do you live

[15:44] {dino} pennsylvania

[15:44] {billyc} i grew up in dc l live in s fla

[15:45] {Threei} Siberia, judging by this winter

[15:45] {dino} yeah, 3' last week and today it's 50

[15:45] {strider} dino lives in an old castle, and sleeps in a casket.

[15:45] {dino} east coaster billy

[15:45] {dino} lol

[15:45] {billyc} yup about 15 minutes north of ft lauderdale

[15:46] {dino} well, my office is about 150 years old

[15:46] {RonS} Been tough in CO too...

[15:46] {RonS} Where is that global warming?

[15:46] {dino} it isn't

[15:47] {RonS} Dang, and I love cowtowing to that effete Algore...

[15:47] {dino} lol

[15:47] {strider} Towing a cow is rude.

[15:47] {RonS} LOL

[15:48] {Threei} wait... you mean earth iks not warming up?

[15:50] {lasertrev} come on vad, u know the gov. controls the weather.

[15:50] {lasertrev} lol

[15:50] {Threei} it does?

[15:51] {Threei} great, I';ll send them bill for washing my car - what the hell was this rain about

[15:51] {dino} sgms

[15:51] {strider} Welll if they do, why don't they do something about it?

[15:51] {RonS} "Everyone complains about the weather, but nobody does anything about it"

[15:51] {RonS} Mark Twain

[15:52] {Threei} "Everyone compains about their memory, not about intelligence"

[15:52] {strider} Because you lose your memory, but not (usually) your intelligence.

[15:52] {Threei} (CA) Canada Official: Govt to establish plan to reach budget balance; will signal a stimulus end by March 2011

[15:52] {Threei} - Govt will avoid tax increases and will not trim transfers

[15:52] {Threei} (related USD/CAD EWC )

[15:54] {RonS} Every state in the Union has increased taxes...and the Feds with CSIP

[15:55] {Threei} and this is only beginning

[15:55] {Threei} okay guys, thank you all

[15:55] {Threei} have a great evening, see you tomorrow

[15:56] {dino} u2 vad

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