Jan 26 2009

The day started with 4 trades, 3 of which were nice wins (SLW, AUY, DRYS) and one small stop (GERN). The rest of the day was fuzzy and mirky, not much to read and trade. Nice profitable day but could quit after first hour just as well.

Session Time: Mon Jan 26 00:00:00 2009

[07:42] {cujo} Good morning

[07:47] {hawkfan4} gm cujo and the gang

[07:47] {cujo} hey hawk

[07:47] {cujo} how are ya

[07:48] {hawkfan4} not bad for a monday, u?

[07:48] {cujo} good

[07:48] {cujo} check out CAT this morning

[07:48] {hawkfan4} yes, lamenting my order to short it a t 32.75 that i chickened out of

[07:49] {cujo} ehh

[07:49] {cujo} wow

[07:49] {cujo} big print going of...

[07:50] {cujo} you think there might be a bounce in here?

[07:51] {hawkfan4} yes, but still pretty thin.  

[07:51] {cujo} yeah

[08:06] {Threei}  Good morning

[08:06] {cujo} Morning

[08:06] {hawkfan4} hey Vad

[08:06] {Threei}  cujo, hawk :)

[08:06] {cujo} ;)

[08:07] {Threei}  watching GERN for possible continuation

[08:07] {cujo} Some big moves in MCD and CAT this morning

[08:08] {Threei}  CAT earnings disappointment

[08:08] {cujo} y

[08:09] {Threei}  DRYS

[08:09] {Threei}  01/26/09 02:29am

[08:09] {Threei}  Shipping firms seek new economies of scale to survive historic declines in global trade levels - WSJ

[08:09] {Threei}  - Article notes that global trade has declined at rates not seen since WWII, experts see trend continuing through 2010

[08:09] {Threei}  - Shippers are seeking newer, larger vessels that carry up to 13.8K containers, seeking expanded economies of scale

[08:09] {Threei}  - Shippers will be able to sell space at cut rate prices to fill vessels, average rate for Europe-Asia route has recently fallen to as low as $300 per container

[08:09] {Threei}  - Drastic rate cuts and introduction of increasingly large vessels has placed pressure on smaller firms, with industry giants seeking to use period of macro-economic decline to squeeze out competitors

[08:17] {Onix} Good morning all

[08:17] {Threei}  onix :)

[08:17] {nemo}  Happy Monday...mmmmh...that's an oxymoron

[08:17] {Threei}  nemo :)

[08:17] {nemo} Vad :)

[08:18] {Threei}  FMCN

[08:18] {Threei}  HOLDER FOSUN INCREASES STAKE TO 21.3% FROM APPROX 17% PRIOR - FILING

[08:18] {Threei}  serious bidder on GERN

[08:18] {Threei}  absoerbed all the selling

[08:19] {Threei}  BALTIC DRY BULK INDEX UP 1.5%, FIFTH STRAIGHT INCREASE

[08:21] {Threei}  interesting test at 7.60 GERN

[08:22] {Threei}  it has a chance to turn from one day wonder into a momo runner... so, watching it to try and gauge if this is what's happening

[08:23] {Threei}  inhaled that offer

[08:23] {hawkfan4} watching like a hawk

[08:23] {Threei}  :)

[08:24] {Threei}  on a positive side... nice news, support for the field coming from new administration...

[08:24] {Threei}  on a negative - after all it's that same GERN that used phrases like "fountain of youth" in its 1990s self-hype

[08:25] {Threei}  and failed to hold any gains for many years

[08:25] {Threei}  CAT

[08:25] {Threei}  ENTERS INTO $2.25B REVOLVING CREDIT FACILITY WITH BANK OF TOKYO-MITSUBISHI UFJ, LTD - FILING

[08:35] {hawkfan4} vad, u still have a cat?

[08:36] {Threei}  it's my son's girflried's cat... we babysat it while they traveled over SE Asia, now the cat is a guest on frequent occasions

[08:36] {magoo} morning

[08:36] {Threei}  magoo :)

[08:37] {hawkfan4} ah, i'm trying to get used to trading with 2 kittens crawling all over me :)

[08:37] {patience} good monday morning RT  :)

[08:37] {Threei}  patience :)

[08:37] {Threei}  my biggest problem was, the space behind monitors is very lucrative place for a cat,

[08:38] {Threei}  and when she tried to stand on her legs, she runs a risk to turn the monitor over, lol

[08:38] {nemo} When I visit my ex the cat's decide to hop up and lay down on the keyboard.

[08:39] {Threei}  that's why I don't use keystrokes

[08:39] {hawkfan4} lol :) i keep a can of the compressed air handy, good for scaring them off if they got too wild

[08:39] {nemo} enough cats on keyboards you either go broke or get Shakespeare (maybe tolstoy in your case)

[08:41] {Threei}  at this point GERN looks to me like a possible play on squeezing premature shorts

[08:41] {cujo} CAT +.22

[08:42] {hawkfan4} nice cujo

[08:42] {cujo} thanks hawk

[08:45] {Threei}  SLW broke it's high from previous run in Dec

[08:45] {Threei}  if commodities strength continues, there is no real resistance for SLW up to 8

[08:52] {Threei}  one more very interesting chart in the same field: AUY

[08:52] {Threei}  see this C&H on daily?

[08:52] {cujo} y

[08:53] {Threei}  8 break launches it

[08:53] {hawkfan4} nice

[08:53] {cujo} to 11?

[08:54] {Threei}  chart wise, there is some minor resistance at 9, then clear to 11

[08:54] {Threei}  but this is commodities field

[08:54] {Threei}  requires continuous strength in PMs

[08:55] {nemo} wasn't slw significantly higher before when silver was at this level...or doesn't that matter?

[08:57] {elepet} good morning

[08:57] {Threei}  elepet :)

[08:58] {Threei}  I don't know nemo... I am not really a fundamental trader, and this is not a straightforward stock

[08:58] {cosmo} CAT comes back  ...the very next day?

[08:58] {hawkfan4} geesh, ROH

[08:58] {Threei}  requires a research much deeper than I am willing to do and capable of doing

[08:58] {hawkfan4} lol cosmo

[08:58] {elepet} auy one of my beat down "investments". noticed jump this morning. any explanation?

[08:59] {Threei}  commodities strength elepet

[09:01] {Threei}  ROH, Dow Chemical cancels the deal...

[09:01] {Threei}  was supposed to be at $78

[09:03] {Threei}  look at this news item and tell me, is it any wonder all these banks and brokerages are so beaten up:

[09:03] {Threei}  CITIGROUP ANALYST: CANADIAN DOLLAR COULD WEAKEN FOLLOWING ELECTION

[09:03] {Threei}  - Maintains short position in USD/CAD{EUR/CAD CAD

[09:04] {Threei}  first, what election? there is none on horizon

[09:04] {Threei}  second, if he thinks CAD could weaken, why does he maintain short in USD?

[09:04] {hawkfan4} he's perfectly hedged against possibly making any money

[09:05] {Threei}  rofl

[09:05] {nemo} maybe it was an accidental re-run of a story from before the US election.  Seen that happen before.

[09:10] {KSystems} good morning :)

[09:10] {Threei}  ks :)

[09:11] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {Threei}  ok you guys, mags, dino... do talk to KS when he and you have time to fix this mirc issue you are having

[09:12] {Threei}  must be tiring to type in all this stuff every morning

[09:13] {dino} understatment

[09:14] {Threei}  be back in 5

[09:19] {ese} good morning

[09:19] {Threei}  ese :)

[09:19] {Threei}  want to see some tight consolidation, then break in AUY and SLW

[09:19] {ese} hey vad

[09:19] {Threei}  want to see nice deep pullback in STT

[09:19] {Threei}  not sure what I want to see in GERN but I'll know when I see it

[09:20] {dptl} gm all

[09:20] {Threei}  dp :)

[09:22] {nemo} BAC and C moving up

[09:22] {fernp} Hello everybody

[09:22] {Threei}  yeah... these two, I don't have a firm read on

[09:22] {Threei}  fewrn :)

[09:25] {Threei}  let me do quick recap in #floor for late joiners

[09:28] {nemo} Did I freeze up again

[09:28] {Threei}  not that I see

[09:28] {nemo} oh, saw the quick recap thing and then nothing, thought I was toast

[09:28] {Threei}  recap itself was posted in #floor

[09:30] {nemo} ty

[09:31] {Threei} Long Setup:  AUY  8.08 if stays above 7.95

[09:32] {magoo} more than scalp?

[09:32] {Threei} Long Setup:  SLW  7.25 if stays above 7.15

[09:32] {Threei}  I think so mags

[09:33] {magoo} DRYS?

[09:33] {KSystems} in AUY .09

[09:34] {magoo} in both

[09:34] {magoo} in DRYS now .50

[09:34] {KSystems} in SLW .25 out half .35

[09:35] {Threei}  SLW 1:1, half out

[09:35] {Threei}  AUY 1:1 half out

[09:35] {KSystems} both half out @ 1:1

[09:35] {KSystems} AUY quart mkore out 1:2

[09:35] {Threei}  AUY is actually way above 1:1, lol

[09:36] {Threei}  GERN pullback into .60 is entry zone

[09:37] {Threei}  SPOT GOLD AT SESSION HIGHS AND APPROCHING ITS DOWNTREND LINE FROM MAR 2008 HIGHS

[09:37] {dino} itri

[09:37] {Threei}  GERN is asking what's pullback?

[09:37] {magoo} big Q spike

[09:38] {nemo} tck running also

[09:38] {Threei}  AUY, offer 1/4 more above .40

[09:39] {Threei}  OK GERN, better

[09:39] {Threei}  prepare entry half lot

[09:39] {dino} eqix 

[09:40] {dino} markup week, lets look for previous pattern

[09:40] {Threei}  if no more donticks GERN, let's try .81 with stop under .65

[09:41] {Threei}  if loses .65, want entry closer to .50

[09:41] {magoo} exit SLW?

[09:41] {Threei}  SLW, offer 1/4 above .40

[09:42] {Threei}  good boy SLW

[09:42] {KSystems} in GERN

[09:42] {magoo} out SLW .42 TY out AUY .34TY

[09:42] {dino} gj

[09:43] {magoo} in GERN 

[09:43] {Threei}  wtg mags

[09:43] {cujo} out .40 SLW 

[09:43] {cujo} thanks

[09:43] {Threei}  welcome

[09:43] {Threei}  market seems to be ready to pull back

[09:43] {magoo} waiting near 12 DRYS

[09:44] {Threei}  let's tighten GERN to under .70 if uncomfortable

[09:44] {Onix} ty Vad, made some $$ in both SLW & AUY 

[09:44] {Threei}  :)

[09:45] {Threei}  SLW looks stronger than AUY

[09:45] {Threei}  AUY stop to .14 for the balance

[09:46] {dino} out itri .25, major slip, +.65

[09:47] {Threei}  GERN lost support

[09:48] {Threei}  SLW stop to under .30 for the last portion

[09:49] {dino} watching mcd

[09:51] {ese} Long MRVL 6.89

[09:51] {ese} sm 300

[09:54] {Threei} Long Setup:  STT  20.11 half lot if stays above 19.95

[09:54] {magoo} news RIMM vad?

[09:54] {hawkfan4} yes mags, WSJ article about lackluster sales of new bberry

[09:55] {Threei}  01/25/09 08:19pm

[09:55] {Threei}  [RIMM] Research in Motion Ltd Clues into the demand for the new BlackBerry Storm are expected from Verizon's Q4 reports, particularly in light of some reported complaints from users about the product's technical bugs - WSJ

[09:55] {Threei}  - Despite a marketing campaign that cost more than $100M, the smart phone has gotten off to a bumpy start.

[09:55] {Threei}  - Some early buyers have complained about technical bugs with RIM''s first touch screen BlackBerry, although others say most new gadgets have problems that need to be ironed out.

[09:55] {magoo} ok TY hawk

[09:55] {ese} even better 6.8873.....

[09:56] {Threei}  AUY

[09:56] {Threei}  HSBC CUTS AUY TO UNDERWEIGHT FROM NEUTRAL

[09:56] {nemo} no worky STT?

[09:56] {cujo} nope

[09:56] {Threei}  it never triggered

[09:57] {Threei}  puts it in "invalidated" category rather than "no worky"

[09:57] {nemo} Lot of excitement out of the gate and now fade

[09:57] {Threei}  we grabbed our share of excitement

[09:57] {nemo} yep

[09:58] {Threei}  moved to cash, waiting to see what's next

[09:59] {Threei}  DEC EXISITNG HOME SALES: 4.74MM V 4.40ME (+6.5% M/M)

[09:59] {Threei}  wow

[09:59] {cujo} exciting morning

[10:00] {Threei}  been quite a while since home sales looked positive

[10:00] {Threei}  DEC LEADING INDICATORS: 0.3% V -0.2%E

[10:01] {nemo} hehe STT triggered

[10:01] {Threei}  STT... why did you have to invalidate the setup before triggering?

[10:01] {dino} all is well again

[10:01] {nemo} I said no worky...you said invalidate

[10:01] {Threei}  yup

[10:02] {Threei}  no worky means triggered and stopped nemo

[10:02] {dino} wmt sm l.20

[10:02] {Threei}  actual loss

[10:02] {Threei}  invalidated is simply no play

[10:02] {nemo} o.k.

[10:02] {nemo} Couldn't find "no worky" in dictionary

[10:02] {cujo} any read on HOV Vad?

[10:03] {Threei}  wrong dictionary... gotta look in Threeiish

[10:03] {Threei}  nah

[10:03] {nemo} anything like elvish?

[10:03] {Threei}  gotta hunt for pullback entries after such spike

[10:04] {Threei}  DRYS closer to .50

[10:04] {Threei}  STT closer to 20.10

[10:04] {Threei} Long Setup:  DRYS  .56

[10:05] {Threei}  stop will be defined by the low of this pullback

[10:05] {KSystems} in

[10:05] {Threei}  under .50 for scalpers

[10:05] {Threei}  under .45 for the sane traders

[10:06] {Threei}  under .40 for super-optimists

[10:07] {Threei}  if market resumes upward move and DRYS breaks .70, 12 shouldn't be a problem

[10:07] {ese} go Obama go....solar screen greener than the first day of spring!

[10:09] {dino} lol

[10:09] {Threei}  ok market... let's show the next leg

[10:09] {Threei}  and start day-long 'ally

[10:10] {magoo} straight up 550 points

[10:10] {dino} -3 f at bus stop today, spring can't get here fast enough

[10:10] {magoo} -4 in my bedroom

[10:11] {Threei}  if it's any consolation dino... Winnipeg is much colder

06[10:11] * Threei kicks DRYS in the rear with steel-toed heavy duty army boots

[10:11] {dino} it is not.........:)

[10:11] {Threei}  scalpers have theit 1:1 and more

[10:11] {magoo} nice kick

[10:12] {fernp} ty Vad

[10:12] {Threei}  welcome sir

[10:12] {cujo} out

[10:12] {cujo} thanks Vad

[10:12] {ese} added another 600 shs at .86 and scalped MRVL for .10 out . .88

[10:12] {Threei}  cujo :)

[10:12] {Threei}  sane traders: half out here DRYS

[10:12] {Threei}  stop to under .50

[10:13] {Threei}  let's see if it has legs to take us over 12

[10:14] {dino} gj es

[10:17] {Threei}  STT really left us in dust

[10:19] {Threei}  CNBC'S FABER: ROH TO FILE SUIT AGAINST DOW IN DELAWARE CHANCERY COURT WITHIN THE HOUR

[10:19] {Threei}  {DOW}

[10:19] {Threei}  DRYS stop can be trailed to under .55 now

[10:20] {Threei}  preserve us from lower high scenario and minimize stop to practically breakeven for the balance

[10:21] {Threei}  someone tell STT it's not really kosher to act like this

[10:22] {dino} hod's

[10:24] {Threei}  we already know violence works today... let's see if "nice" does too

06[10:24] * Threei sends DRYS a postcard with invitation to visit 12 and nice image of flowers

[10:24] {dino} cpla sm l .95 wide

[10:25] {nemo} tell STT what to do, and auy slw while you're at it

[10:26] {Threei}  new high DRYS

[10:26] {magoo} its working vad lol

[10:26] {Threei}  odd :)

[10:27] {nemo} so, you gonna' switch over from the dark side?

[10:27] {Threei}  even super-optimists have 1:2 on DRYS

[10:28] {Threei}  I doubt it nemo... I enjoy kicking things too much

[10:28] {dino} out t .10, +.40

[10:30] {Threei}  stop to under .60 on DRYS balance, no lose territory

[10:31] {Threei}  chart wise under .70 is valid too... it's just that knowing DRYS I like to give it a little more breathing room

[10:31] {Threei}  but if you cheris every cent of profit, trail it to to under .70

[10:31] {Threei}  cherish

[10:32] {larisa} GERN woke up

[10:32] {Threei}  yeah... grrr

[10:32] {hawkfan4} great calls vad, thx

[10:32] {dino} out wmt .60, +.40

[10:32] {Threei}  welcome hawk... I wish I got GERN right

[10:33] {Threei}  have this nagging feeling it prepares a big surprise but actual reading of the entry is not a small feat on it

[10:33] {Threei}  STT

[10:33] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER

[10:34] {Threei}  LOL!

[10:34] {Threei}  IMF'S STRAUSS-KAHN: SURPRISED USD HAS NOT WEAKENED

[10:34] {Threei}  market prognosticators my a$$

[10:34] {Threei}  pardon my french

[10:34] {Threei}  these guys are beyond ridiculous when they start expressinbg their opinions on market

[10:35] {Threei}  GM

[10:35] {Threei}  TO ANNOUNCE ADDITIONAL PRODUCITON CUTS, MAY AFFECT APPROX 15 PLANTS IN US AND CANADA

[10:35] {Threei}  - Production cuts could cost 2K jobs

[10:36] {Threei}  pres speech... waiting it out other than nursing DRYS balance

[10:36] {ese} bstop APOL .32 sm

[10:37] {Threei}  we are 3 for 4, don't want to push during live speech on economy

[10:37] {ese} in .31   nice

[10:37] {ese} stop .00

[10:38] {nemo} aren't you 3 for 3 stt didn't trigger accoring to system

[10:38] {Threei}  4 calls, 3 worked, 1 stopped

[10:38] {nemo} oh.

[10:38] {Threei}  GERN stop

[10:38] {Threei}  DRYS, AUY, SLW worked

[10:38] {hawkfan4} nice heads up on MCD dino, took +.18 on it but unfortunately sold it about 1.30 ago

[10:38] {Threei}  ENER...

[10:39] {dino} gj, i was too stingy, never filled

[10:39] {Threei}  trying to break while prez speaks of energy independence

[10:39] {ese} Apol   stopped....88

[10:39] {Threei}  new standards for cars starting 2011

[10:40] {ese} ya win some...ya loose some....

[10:40] {Threei}  40% increase efficiency?

[10:40] {dino} need to switch to natural gas

[10:40] {nemo} 40% in two years...see ya" GM CHRYSLER AND FORD!!

[10:40] {dino} clne moves on his talk

[10:40] {Threei}  PRESIDENT OBAMA: CONGRESS SHOULD SET 35MPG STANDARD FOR CARS BY 2020

[10:41] {hawkfan4} GERN pulling back

[10:41] {magoo} way to kick the auto industry while its down imo

[10:41] {Threei}  - would be a 40% fuel efficiency increase.

[10:41] {Threei}  - says fuel efficient cars must be built in the US.

[10:41] {Threei}  hmm

[10:41] {Threei}  text says by 2020, I swear I heard 2011

[10:42] {nemo} DTs?

[10:42] {ese} long APOL .80

[10:42] {ese} pullback

[10:42] {Threei}  yeah mags, GM CEO likened this to making a cancer patient run marathon right after finishing chemo

[10:43] {ese} stop .50  apol

[10:44] {Threei}  see how tough GERN's read is

[10:44] {Threei}  chart wise, 8 was the entry point on pullback

[10:44] {Threei}  I kept away

[10:45] {Threei}  suspecting it will be much worse than that

[10:45] {Threei}  sure enough is stretched bands much further

[10:45] {Threei}  now, 7.80 is screaming buy

[10:45] {Threei}  but I am in doubt

[10:47] {ese} ahhhhhhhh...stopped apol .49  

[10:47] {Onix} :(

[10:47] {ese} god thing sm shs....thought it was gonna bounce

[10:48] {Threei}  I guess players hoped for stem cells research to be mentioned

[10:48] {Threei}  market quieted down

[10:48] {ese} are you looking at STEM vad

[10:49] {Threei}  with dusgust

[10:49] {Threei}  lol

[10:49] {Threei}  out of stem cell plays, none other than GERN looks legit to me

[10:50] {Threei}  STEM and ASTM - honestly I find it hard to believe they are still around

[10:50] {Threei}  have a look at GERN...

[10:50] {ese} ok

[10:50] {Threei}  BCON

[10:50] {Threei}  SIGNS AGREEMENT FOR FLYWHEEL TECHNOLOGY FOR GRID APPLICATIONS

[10:51] {Threei}  - executed an information sharing and performance evaluation agreement with the energy utility company National Grid.

[10:51] {Threei}  - Under the two-year agreement, the companies will share technical, performance and economic data associated with Beacons flywheel energy storage systems and their potential operational value to National Grids electricity transmission networks. Objectives of the agreement include National Grids evaluation of Beacons flywheel energy storage systems not only for fast-response frequency regulation, but also for wind-related ramp mitigation another potential large-scale grid stability application.

[10:52] {Threei}  glad I didn't bite GERN... looks very shaky to me

[10:52] {ese} indeed

[10:52] {ese} like this flywheel tech though

[10:55] {dino} reminds me of flies on a ribroast

[10:55] {ese} ?????

[10:55] {dino} :)

[10:55] {Threei}  lol

[10:58] {dino} apol blood

[10:59] {Threei}  ROH

[10:59] {Threei}  CONFIRMS FILED SUIT AGAINST DOW TO CLOSE THE MERGER AGREEMENT AT $78/SHR IN CASH

[10:59] {ese} bounce dino?? apol

[11:00] {dino} apol gap around 77.22

[11:00] {ese} ahhhh

[11:02] {dino} esi blood

[11:02] {ese} bstop ADP .01

[11:03] {dino} thinking yes, but where?

[11:03] {dino} at gap imo, if it gets there apol

[11:03] {ese} hmmmmmmm

[11:03] {dino} esi, soon

[11:04] {dino} esi filled and then som

[11:04] {dino} some

[11:04] {dino} 107.60s

[11:04] {dino} think, think think

[11:05] {ese} nice

[11:05] {ese} could bounce huge

[11:05] {ese} after 110

[11:07] {dino} points, imo

[11:10] {dino} you in es?

[11:15] {Threei}  activity just died

[11:15] {Threei}  wait-and-see mode

[11:16] {nemo} waitin' on Geithner tomorrow?

[11:17] {Threei}  who knows what market is waiting for... Me, I am waiting for the market

[11:18] {nemo} Just throwing it out there...nothin else to do...too early to start drinking, although Ksystems could :)

[11:18] {Threei}  fern too

[11:19] {KSystems} at 5??

[11:19] {nemo} sorry if I insulted magoos sensitivities :)

[11:19] {Threei}  I'd say, you are couple hours late

[11:19] {nemo} nah, malzeit

[11:21] {dino} almost noon here

[11:23] {fernp} 17:21 here. Going to the refrigerator to grab a beer :)

[11:24] {ese} hi dino had to step away from the computor....not in ....am still wating on ADP though

[11:25] {ese} ESI looking good now though

[11:28] {dino} fernp making me thirsty

[11:28] {ese} are you in ESI dino

[11:28] {dino} 110 es was the area, i chickened out wanted 109.50

[11:29] {dino} ugh!

[11:29] {ese} up a bill now almost....still pretty damn good

[11:30] {dino} gj

[11:30] {ese} not me ...you

[11:31] {ese} wheres lisa these days

[11:32] {Threei}  taking family-related break

[11:33] {larisa} is everything ok ?

[11:33] {larisa} oh, Lisa does..

[11:33] {dino} mcd pretty good pullback

[11:34] {Threei}  just can't get GERN's rythm

[11:37] {Threei}  shapes up as 8.10 break if stays above 8

[11:37] {hawkfan4} it has about as much rythm as i do on the dance floor

[11:37] {Threei}  lol

[11:37] {Threei}  I can relate

[11:38] {magoo} dont sell yourself short hawk lol

[11:38] {Threei}  let's consider it sa discretionary call, half lot

[11:38] {nemo} too much kickin' Vad?

[11:38] {Threei}  no such thing

[11:39] {ese} dino...esi is gonna shoot for the stars and your in man.....well done

[11:39] {Threei}  chews through big offers

[11:39] {ese} nice round bottom.......usually big up move ensues

[11:42] {KSystems} well... in .11

[11:43] {dino} not in es, wanted 109.50, did not fill

[11:44] {dino} chtt?

[11:45] {Threei}  07:34am [ACV] Reports Q1 $0.41 v $0.34e (ex items), R $352.8M v $350.3Me; Raises quarterly dividend to $0.075 from $0.065 prior

[11:45] {Threei}  related to CHTT

[11:45] {Threei}  not its own news

[11:46] {dino} ok

[11:47] {nemo} slw showing signs of life?

[11:47] {Threei}  not very much

[11:48] {dino} cat drops

[11:49] {KSystems} gern stopped

[11:57] {dino} cat sm l .45

[12:03] {magoo} vad..any read drys, sttor gern?

[12:05] {Threei}  I don't see any pattern at the moment

[12:05] {Threei}  market is doing nothing... why push it?

[12:06] {magoo} because i missed 3 of my own...so im down a lil

[12:07] {Threei}  missed as in didn't get, or lost on them?

[12:07] {magoo} lost on my own pics

[12:07] {cujo} drys selling off a bit here

[12:08] {Threei}  all the more reasons not to push, right?

[12:08] {magoo} true..obviously not  seeing it

[12:12] {cujo} Vad, MCD, any set up forming

[12:12] {Threei}  pullback into 58, will be worth a look...

[12:13] {dino} seeing the same cujo, just said it to magoo couple minutes ago

[12:13] {cujo} nice

[12:14] {nemo} I suppose this is bad but how's the MACD on MCD?

[12:14] {KSystems} there is your pullback :)

[12:15] {dino} dk dc

[12:18] {Threei}  watch for market strength for entry

[12:18] {Threei}  .85 is closest support for stop placement

[12:19] {cujo} in .07

[12:21] {magoo} in .12

[12:21] {Threei}  half out here

[12:21] {Threei}  or scalp

[12:22] {cujo} out +.20

[12:22] {cujo} thanks vad

[12:23] {Threei}  feel free to take profit in full here

[12:23] {Threei}  solid 50 cents move

[12:23] {Threei}  clean example of "let market come to you"

[12:24] {dino} gj cujo, magoo on mcd

[12:24] {Threei}  and you GERN... you really are irritating creature

[12:24] {magoo} yeah..gern stopped me

[12:25] {Threei}  took profit on MCD mags?

[12:25] {magoo} waiting 61..too high?

[12:26] {hawkfan4} lol

[12:26] {Threei}  frikin GERN is aiming for 9 with any market help

[12:27] {Threei}  broke yesterday's high

[12:29] {magoo} out .55 here TTY

[12:30] {Threei}  :)

[12:31] {magoo} to close to miss

[12:32] {Threei}  (US) OBAMA ADMINISTRATION ENVOY: FAVORING 'VIGOROUS DIPLOMACY' WITH IRAN

[12:33] {dptl} was it a double bottom on stt ?

[12:34] {Threei}  where?

[12:35] {dptl} bounced twice from .60 and then broke .75

[12:35] {dptl} 12:20 12:27

[12:36] {Threei}  not really clean formation... just moves uop and down with market

[12:36] {dptl} ok ty

[12:43] {tomg} intc vad?

[12:44] {Threei}  don't see anything compelling on it

[12:44] {tomg} ok ty

[12:47] {Threei}  EU'S JUNCKER: UNHAPPY WITH FOREX VOLATILITY

[12:47] {Threei}  Prozac?

06[12:53] * Threei slaps laserdave around a bit with a large chart of GERN

[13:01] {ese} outta here.....catch you all later....am long ADP swing trade 38.01...hit my bstop

[13:01] {Threei}  take care ese

[13:01] {ese} see ya vad

[13:01] {cujo} see ya ese

[13:01] {tomg} take care ese

[13:01] {ese} cujo...tom

[13:03] {dino}  cya es

[13:08] {dino} fast fall

[13:08] {dino} stopped cat -.35

[13:10] {cujo} double bottom on gern here?

[13:10] {Threei}  so far, yes

[13:10] {Threei}  but it will really depend on market whether it works or fails

[13:10] {cujo} understood. Thanks Vad

[13:10] {Threei}  GERN wants up badly...

[13:11] {Threei}  but to find an entry on it is daunting task

[13:14] {Threei}  EU'S JUNCKER: DO NOT SEE ANY RISK TO EMU COHESION

[13:14] {Threei}  no?

[13:33] {Threei}  amazing how little was available after first morning plays

[13:34] {KSystems} MCD back at 58

[13:34] {Threei}  not en entry here yet IMO

[13:35] {Threei}  unless market jumps up sharply

[13:36] {Threei}  feels to me, it's going to bust through 58

[13:45] {dino} markets in rinse mode

[13:45] {patience} it's monday

[14:02] {Threei}  selling accelerates

[14:02] {Threei}  some opportunities should be appearing soon

[14:02] {larisa} {yawn}

[14:04] {Threei}  DRYS .15 for a scalp if holding .10

[14:07] {Threei}  changing to from under 11

[14:08] {larisa} what does it mean ? needs to break 11 for scalp ?

[14:09] {Threei}  if loses 11, pauses, holds above .90 and re-crosses 11 with market bouncing

[14:10] {larisa} lol, need to learn threeish

[14:11] {dino} 3ism he prefers

[14:12] {larisa} lets not spoil him dino :)

[14:12] {Threei}  bruce says hello

[14:12] {dino} lol

[14:13] {dino} rimm, hmmmm

[14:15] {Threei}  WHITE HOUSE PRESS SEC: FED HAS 'FIRED' MOST OF ITS BULLETS ON POLICY

[14:15] {Threei}  that sounds inspiring

[14:16] {Threei}  not like we didn't know that

[14:16] {nemo} faz skf anybody :)

[14:17] {dino} now why must they always say things like that

[14:17] {Threei}  NEED FISCAL STIMULUS AT THE MOMENT

[14:20] {dino} sm l mcd .75

[14:24] {Threei}  DRYS is holding 11 well

[14:24] {Threei}  unless NQ makes new lows, should be a scalp off it

[14:25] {Threei}  USO went red

[14:25] {Threei}  who would have thought

[14:25] {Threei}  auy

[14:25] {Threei}  and SLW

[14:25] {Threei}  lost their support as well

[14:25] {Threei}  remember I said in the morning,

[14:26] {Threei}  no matter how nice their charts look,

[14:26] {Threei}  they need general commodities strength

[14:26] {Threei}  look at our exits on them

[14:27] {Threei}  those morning moves practically exhausted the potential for the day

[14:29] {larisa} both calls were great

[14:31] {Threei}  bands are tightening

[14:32] {Threei}  feels like another quick move down beofre eventual recovery

[14:32] {Threei}  WHITE HOUSE PRESS SEC: PRESIDENT OBAMA DOES NOT BELIEVE OIL AND ENERGY PRICES REMAIN AT CURRENT LOW LEVELS

[14:32] {Threei}  - Comments in response to questions regarding the President's alternative energy plans{USO OIH UNG TAN FAN}

[14:32] {Threei}  now president is a trader and price forecaster

[14:33] {KSystems} invite him!

[14:36] {magoo} he certainly is arogant

[14:37] {Threei}  USO responded by retesting the low

[14:37] {dino} easy to bet when it's not your money

[14:45] {hawkfan4} CAT .16, stop .09 1/2

[14:47] {Threei}  what an unlikely mover today... NURO

[14:47] {Threei}  haven't heard this symbol in ages

[14:48] {Threei}  2006 I think was its starry-eyed year

[14:49] {Threei}  remember it in $30s-40s

[14:51] {Threei}  (US) SENATOR LEVIN: URGES TREASURY TO LOOK INTO CITI'S PURCHASE OF A $50M CORPORATE JET

[14:54] {Threei}  didn't catch this market reversal

[14:55] {Threei}  somehow it didn't feel like that was it

[14:55] {Threei}  pace wasn't really changing

[14:55] {hawkfan4} out cat .49, +33

[14:55] {magoo} i took that sob {gern} long off 8

[14:55] {Threei}  wtg haw

[14:55] {Threei}  k

[14:55] {hawkfan4} thx ;)

[14:55] {Threei}  don't oversit mags

[14:56] {Threei}  I don't trust it at all

[14:56] {Threei}  it does literally whatever

[14:57] {magoo} ok

[14:57] {magoo} btw vad...its inVestor...not inWestor  

[14:58] {Threei}  not only I casn't spell it... I don't know the meaning of the word

[14:58] {Threei}  ummm... correction:

[14:58] {Threei}  not only I can't spell. Period

[14:59] {dino} gj hawk

[14:59] {magoo} out .18 

[14:59] {Threei}  but fortunately it's not really needed

[14:59] {Threei}  lookie here:

[14:59] {cujo} nice one hawk

[14:59] {Threei}  i cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frs it and lsat ltteer be in the rghit pclae.

[15:00] {hawkfan4} thx 

[15:00] {Threei}  The rset can be a taotl mses and you can sitll raed it whotuit a pboerlm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt!

[15:01] {hawkfan4} lol

[15:01] {dino} hawk, i owe you one on cat

[15:01] {Threei}  hmmm

[15:01] {Threei}  market spike... neither DRYS or GERN follow

[15:02] {larisa} really azanmig..

[15:02] {Threei}  lol

[15:02] {hawkfan4} nice dino :) no worries, you've paid in advance with your calls

[15:02] {dino} :)

[15:03] {Threei}  beautiful exit on GERN mags

[15:03] {Threei}  1 cent under the high

[15:06] {magoo} lucky

[15:27] {magoo} i here?

[15:27] {larisa} nope

[15:27] {Threei}  you here

[15:27] {Threei}  I not

[15:27] {dino} out mcd .35, +.60

[15:27] {cujo} nice trade dino

[15:28] {Threei}  wtg dino

[15:28] {hawkfan4} nice

[15:28] {dptl} gn all

[15:28] {dino} out cat .85, +.75, thankkkkk youuuuuuuuu hawk

[15:28] {hawkfan4} lol, np

[15:29] {dino} ty guys

[15:29] {Threei}  STT

[15:29] {Threei}  .46 long half lot if you want a try for a scalp, with stop under .35

[15:30] {KSystems} in

[15:31] {Threei}  market should bounce from here

[15:31] {Threei}  and take STT with it

[15:33] {Threei}  1:1 is coming

[15:33] {Threei}  decide for yourself to scalp or partial guys... truly no idea here, lol

[15:34] {Threei}  ever since first hour I couldn't get a feeling for the market today

[15:34] {cujo} thanks Vad

[15:34] {cujo} small scalp on that STT

[15:35] {Threei}  stop to under .40 who is holding

[15:35] {KSystems} that would be me

[15:35] {Threei}  okay

[15:36] {Threei}  risk is very small here

[15:36] {Threei}  so why not

[15:36] {KSystems} I am offering at .57

[15:37] {Threei}  here comes market bounce

[15:38] {Threei}  here follows STT

[15:38] {KSystems} out +.11

[15:38] {KSystems} thank you Big V!

[15:38] {jmb} thanks vad

[15:38] {Threei}  I hope that wasn't nice way to call me fatty

[15:38] {Threei}  welcome though :)

[15:38] {KSystems} :)

[15:39] {Threei}  wow

[15:39] {Threei}  what a timely exit

[15:39] {KSystems} lucky

[15:39] {Threei}  something pulled market hard

[15:39] {larisa} how is weather in Germany, KS ? hurricane affected you ?

[15:39] {Threei}  STT is still okay, but why get stuck in what was designated as a scalp from the beginning

[15:39] {KSystems} hurricane?

[15:40] {KSystems} what hurricane?

06[15:40] * KSystems looks out of the window

[15:40] {Threei}  hey.... what jkust happened?

[15:40] {KSystems} see, I dont have TV so I dont really know, sorry larisa

[15:40] {larisa} lol

[15:40] {KSystems} its rather cold though

[15:40] {Threei}  this looks like news-related

[15:40] {dino} ah, sorry, tripped over extension cord

[15:40] {Threei}  ahhh

[15:40] {KSystems} hardest winter in ages, larisa

[15:40] {Threei}  that's global warming KS

06[15:41] * larisa slaps Threei around a bit with a large trout

[15:41] {Threei}  prepare for more warmth

[15:41] {KSystems} happens when CEOs use their private jets too much

[15:41] {KSystems} i know

[15:41] {KSystems} also known as butterfly effect with CEOs

[15:41] {KSystems} CEO in Japan uses privjet, = winter in GER

06[15:42] * Threei wipes fish slim off his face and signs favorite song of his childhood "ain't scared of al gore"

[15:42] {Threei}  oh wait... that was "gray wolf"...

[15:42] {dino} the resorts?

[15:43] {dino} or the enery company?

[15:44] {dino} smts

[15:45] {Threei}  wow

[15:45] {Threei}  nasty close

[15:45] {larisa} complete reversal of friday it feels like

[15:45] {Threei}  market remains green

[15:46] {larisa} 15 more min

[15:46] {dino} rinse market, back to scalps

[15:50] {Threei}  yup

[15:50] {Threei}  and no rhythm whatsoever

[15:50] {Threei}  chaotic up and down

[15:51] {Threei}  GERN finishes up a buck

[15:52] {Threei}  probably a gapper again tomorrow morning

[15:53] {dino} wow i really screwed up missing esi

[15:55] {Threei}  MERRILL LYNCH GLOBAL WEALTH MGMT TO LAY OFF 'ROOKIE' BROKERS

[15:59] {dino} i gues they are not bullish on america

[15:59] {dino} guess

[15:59] {Threei}  ok guys, thank you all

[16:00] {cujo} thanks Vad. 

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

[16:00] {cujo} See you tomorrow. 

[16:00] {nemo} nite

[16:00] {Threei}  see you all tomorrow

[16:00] {KSystems} thank you Vad

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

[16:00] {larisa} bye :)

[16:00] {KSystems} thank you all, too, and seeya again tomorrow!

[16:00] {dino} thx all, out of here

[16:01] {hawkfan4} thx all, enjoy