Feb 03 2009

Started out rather slow, then the day picked up with a few nice wins, exceeding usual scalping profits. Long on STT, couple long trades on AMZN and short on FAS made the day.

 

Session Time: Tue Feb 03 00:00:00 2009

[07:54] {cujo} morning all. 

[07:58] {Threei}  Good morning

[08:01] {cujo} morning Vad

[08:02] {tomg} good morning :)

[08:02] {Threei}  cujo, tom :)

[08:03] {magoo} morning

[08:03] {Threei}  magoo :)

[08:05] {nemo} haroo?

[08:05] {Threei}  I don't know what haroo is, but good morning to you too :)

[08:06] {nemo} I have a lambdasism (sp)

[08:06] {magoo} here come the games...senator on cnbc saying want to scrap the bill

[08:07] {Threei}  rep?

[08:08] {magoo} shelby republican

[08:08] {magoo} "start over"

[08:11] {hawkfan4} drys

[08:11] {Threei}  DRYS to you too hawk

[08:11] {nemo} corny

[08:11] {magoo} drys hawk:)

[08:11] {Threei}  I don't see news

[08:11] {magoo} SNDK hit hard'

[08:11] {hawkfan4} good morning :)

[08:14] {Threei}  you see anything anywhere on DRYS?

[08:14] {hawkfan4} nope

[08:15] {magoo} quite active here DRYS

[08:15] {Threei}  look at EKN hawk... good thing we ignored it

[08:15] {Threei}  ELN

[08:15] {hawkfan4} i know, wtf, that was a wierd move

[08:16] {hawkfan4} drys nonstop, no news on briefing

[08:17] {magoo} has FEEL to go over 6  premkt

[08:17] {hawkfan4} yessir

[08:17] {magoo} need a pullbk

[08:22] {larisa} good morning :)

[08:22] {elepet} good morning

[08:22] {nemo} GM larisa :)

[08:22] {Threei}  larisa, elepet :)

[08:23] {hawkfan4} drys, drys :)

[08:23] {larisa} nemo, elepet, threei :) 

[08:23] {Threei}  lol hawk

[08:23] {Threei}  BALTIC DRY BULK INDEX +4.5%

[08:24] {nemo} there ya' go

[08:25] {elepet} but it's been up for days and drys down

[08:25] {Threei}  yup

[08:25] {Threei}  good thinking elepet

[08:26] {nemo} elepet looking for logic...don't bother with relationships then

[08:26] {Threei}  plus, being 11th straight increase, ity's probably nearing the top of the cycle

[08:26] {elepet} EXM and EGLE also up today

[08:28] {patience} good morning RT  :)

[08:28] {Threei}  patience :)

[08:29] {nemo} patience :)

[08:30] {Threei}  wow

[08:30] {Threei}  what the?

[08:30] {Threei}  REACHES PRELIM AGREEMENT ON COVENANT WAIVER

[08:30] {hawkfan4} jeesh

[08:30] {Threei}  what does it even mean, lol

[08:30] {nemo} damn...coulda' quit early

[08:31] {Threei}  what covenant was that?

[08:31] {Threei}  - Has reached an in principle agreement with Piraeus Bank, one of its largest lenders, to restructure its two loan facilities in the original aggregate principal amount of $220.0 million with current outstanding $164.9M

[08:31] {magoo} [08:17] {magoo} has FEEL to go over 6  premkt

[08:31] {Threei}  ahha

[08:31] {nemo} bow to Mags

[08:31] {Threei}  loan restructuring

[08:32] {Threei}  WATG

[08:32] {Threei}  AWARDED COMPETITIVE BID CONTRACT TO SUPPLY STARTERS TO A TOP THREE DOMESTIC AUTO MAKER IN CHINA

[08:46] {ese} morning.....

[08:48] {Threei}  ese :)

[08:48] {elepet} Is it possible with short covering that DRYS could rise to its former glory?

[08:48] {ese} hey vad....not sure if i signed off with you all properly yesterday......appologies

[08:48] {Threei}  as in, back in 20s? :)

[08:49] {Threei}  no ese, you haven't... we decided to punish you for that today

[08:49] {elepet} that would be fun. i mean above 9

[08:49] {magoo} heck..DRYS 52 wk high appx 116..thats its former glory

[08:49] {Threei}  but we couldn't come to agreement about how... and ended up beating each other up

[08:49] {Threei}  so I guess you are off the hook

[08:50] {magoo} 3 52 wk low

[08:50] {Threei}  elepet... DRYSA is very volatile animal... it could do practically anything

[08:51] {elepet} I must confess i bought 500 shares yesterday at 5.10 but was ashamed to tell anyone.

[08:51] {elepet} yeah i know...sell

[08:51] {magoo} 16.50 DRYS 1 month high

[08:51] {magoo} just filled first gap upward for dino

[08:52] {magoo} another upward gap to 12

[08:52] {hawkfan4} i bot 1k at 4.92 in the afterhours yesterday...and sold 4.93 

[08:52] {Threei}  don't spend it all at once hawk

[08:52] {magoo} ALTHOUGH..i must say I HATE DRYS

[08:52] {Threei}  you may contribute to inflation

[08:52] {hawkfan4} that was right about the time i covered my SNDK short from 11.60 for a .10 loss

[08:53] {ese} ITMN.....

[08:53] {hawkfan4} i've got a case of the woulda-coulda-shoulda's

[08:53] {magoo} MYGN gapper

[08:53] {ese} up 5 bills....nice for those who got in yesterday

[08:54] {Threei}  ITMN

[08:54] {Threei}  07:08am [ITMN] Two Phase III studies of Pirfenidone in IPF InterMune demonstrated statistical significance

[08:54] {Threei}  and whole lot of scientific gibberish after that

[08:56] {magoo} ITMN avail short to laserheads...just kreep in mind

[08:57] {nemo} I'd have to have a mind to keep it in.

[08:57] {nemo} ehh...in which to keep it.

[08:59] {elepet} Palm seems ready to move up again. Is market in for a rally?

[08:59] {Threei}  HRYSLER EXEC: JAN RETAIL SALES CLOSE TO OBJECTIVE

[08:59] {Threei}  objective was to sell anything?

[09:00] {nemo} Yeah, only down 50%

[09:00] {Threei}  looks so at this point elepet

[09:00] {Threei}  but you know how fast things change these days

[09:00] {Threei}  JPM

[09:00] {Threei}  SELECTED BY THE FEDERAL RESERVE AS CUSTODIAN FOR ITS MORTGAGE-BACKED SECURITIES PURCHASE PROGRAM

[09:01] {nemo} They're already a hazardous waste dump

[09:02] {Threei}  HIG near yesterday's high

[09:02] {nemo} dino :)

[09:05] {Threei}  DRYS assault on high

[09:06] {dino} gm nemo

[09:06] {Threei}  dino :)

[09:06] {Threei}  if its normal personality is still in effect, should pull back now

[09:06] {Onix} Good morning all

[09:07] {Threei}  onix :)

[09:07] {Threei}  JPM CEO DIMON CALLS FOR FED RESERVE TO FINANCIAL SYSTEM REGULATOR

[09:07] {Threei}  is it even English?

[09:07] {hawkfan4} lol

[09:08] {KSystems} Good morning!

[09:08] {Threei}  well, as long as they unmderstand each other...

[09:08] {Threei}  ks :)

[09:08] {Threei}  ahha, correction

[09:08] {Threei}  CEO DIMON CALLS FOR UNIFICATION OF REGULATORY STRUCTURES, FED RESERVE TO HAVE AUTHORITY OVER FINANCIAL SYSTEM

[09:09] {nemo} I'd rather Treasury have authority

[09:09] {Threei}  thought of Fed being a regulating entity for fiancial system boggles my mind

[09:13] {Threei}  be back in 5

[09:18] {Threei}  elepet... my outlook on PALM is the same...

[09:18] {Threei}  if market gains strength, techs perform well, and it breaks 8-8.40 zone, it's poised for 9 and above

[09:19] {Threei}  will also depend on whether their deal with retailers goes through

[09:19] {Threei}  with Best Buy particularly

[09:23] {Threei}  DRYS... sharp pullback at the open is its trademark

[09:25] {KSystems} welcome buyem

[09:25] {buyemsellem} thank you, morning everyone

[09:25] {Threei}  hi byem, welcome aboard

[09:25] {hawkfan4} gm

[09:26] {nemo} there's a lurking lycanthrope too...

[09:27] {Threei}  so far, on watch

[09:27] {Threei}  DRYS for pullback etry

[09:27] {Threei}  HIG for possible continuation

[09:27] {magoo} sndk?

[09:27] {magoo} bounce?

[09:27] {Threei}  and whatever scanner spits out

[09:27] {Threei}  ugh

[09:27] {Threei}  don't know about SNDK

[09:28] {Threei}  thing is damaged badly

[09:28] {Threei}  let's observe it for a while

[09:28] {dptl} gm all

[09:28] {Threei}  dp :)

[09:28] {Threei}  it filed shelf

[09:29] {dino} prgo

[09:29] {Threei}  07:51am [PRGO] Reports Q2 $0.46 v $0.50e, R $561.5M v $541.3Me. Lowers FY09 guidance)more.. - Guides FY09 EPS $1.75-1.90 v $1.95e ($1.92-2.00 prior)

[09:30] {Threei}  here comes DRYS drop

[09:31] {Threei}  under 6.20 should become an entry

[09:31] {Threei}  in

[09:31] {Threei}  stop under 6

[09:31] {magoo} in

[09:31] {cujo} in

[09:31] {Threei}  got 6.14

[09:32] {hawkfan4} .18

[09:32] {magoo} .18

[09:32] {Threei}  out half .27

[09:32] {Threei}  stop to under .10

[09:33] {Threei}  FAS sharp downtick

[09:34] {nemo} hig too

[09:35] {Threei}  out DRYS balance

[09:35] {cujo} Thanks Vad

[09:35] {Threei}  ugh... missed FAS

[09:35] {dino} mygn

[09:35] {Threei}  felt like diving under .20

[09:36] {Threei}  DRYS will give more opportunties, need to let it calm down a little

[09:36] {nemo} pre market on FAS congestion at 9.25

[09:37] {Threei}  let's see if we get double bottom

[09:37] {magoo} nasty q

[09:37] {ese} PRGO bstop  25.31

[09:39] {Threei} Long Setup:  FAS  .35 if holding above .20

[09:39] {dino} where you get in short prgo es?

[09:41] {Threei}  invalidated

[09:41] {Threei}  rather bounce candidate now from under 9.10

[09:41] {elepet} not much of a rally.

[09:42] {dino} lol

[09:42] {Threei} Long Setup:  HIG  half lot .95

[09:43] {Threei}  if holding above .80

[09:43] {ese} prgo bstop invalidated

[09:43] {Threei}  1:1

[09:44] {Threei}  fast thing

[09:44] {Threei}  anyone caught it?

[09:44] {ese} anyone catch coco?

[09:44] {_wulff} }93

[09:44] {Threei}  nice entry

[09:44] {Threei}  was very fast on spike too

[09:46] {_wulff} out

[09:46] {Threei}  haven't sold any into spike?

[09:46] {_wulff} pullback entry

[09:46] {Threei}  oh

[09:47] {Threei}  market is downtrending, usually secondary entries should be lower than original

[09:47] {_wulff} DRYS not selling off

[09:48] {dino} re-fi in the works on drys

[09:49] {hawkfan4} GS holding better than FAS, wild one

[09:50] {Threei}  FAS, quick pullback into .20 or just below is an entry

[09:50] {Threei}  stop under .10

[09:51] {Threei}  first strength from here

[09:51] {cujo} stopped

[09:57] {dino} beav sm l .00

[09:58] {cujo} b aapl .78

[09:59] {cujo} out .83

[09:59] {cujo} grrr

[10:00] {Threei}  DEC PENDING HOME SALES M/M: 6.3% V 0.0%E

[10:00] {cosmo} hmm

[10:00] {Threei}  -Prior revised from -4.0% to -3.7%

[10:11] {dptl} .

[10:11] {Threei} Long Setup:  FAS  .31

[10:11] {Threei}  if stays above .20

[10:13] {Threei}  invalidated

[10:13] {nemo} maybe db of .15 

[10:14] {_wulff} smh?

[10:16] {Threei}  .26 SMH with stop under .20... not very entyusiastic about it

[10:17] {cujo} in .26 half lot

[10:17] {cujo} SMH

[10:19] {cujo} out

[10:19] {Threei}  who unplugged the market?

[10:20] {nemo} look around your feet

[10:21] {KSystems} yesterday that time my scanner was buzzing like a nervous bee

[10:22] {cujo} drys fast selling

[10:27] {Threei}  time to start looking for FAS reversal

[10:27] {Threei}  darn thing jumped as I typed

[10:27] {Threei}  hoppefully, pullback closer to .80

[10:28] {fernp} hello everybody

[10:28] {Threei}  yeah right

[10:28] {Threei}  fern :)

[10:31] {dino} sm l prgo .50, stop .18

[10:37] {magoo} dam..missed GS..was looking @ 81.50

[10:39] {_wulff} Drys .02

[10:40] {magoo} l rimm 55

[10:40] {nemo} lunchtime already?

[10:41] {magoo} kicking it

[10:42] {magoo} .79 stop

[10:42] {Threei}  stop under .85 mags?

[10:42] {magoo} [10:42] {magoo} .79 stop

[10:42] {Threei}  yeah... I mean, trailing after this pullback and bottoming at .88?

[10:43] {magoo} ok

[10:43] {KSystems} PAC hl s .35 stop .43

[10:43] {Threei}  or want to give it breathing room?

[10:43] {magoo} first exit .23 area..

[10:43] {magoo} second .43 area

[10:45] {magoo} c'mon RIMM ..sheesh

[10:45] {cujo} .30 cent spike in CAT

[10:45] {magoo} everythings in place here

[10:45] {Threei} Long Setup:  AMZN  .80 half lot

[10:45] {Threei}  if stays above .60

[10:46] {Threei}  .50 is more reliable support for it but requires smaller shares

[10:46] {dino}  prgo stopped -.32

[10:48] {magoo} in amzn

[10:48] {elepet} i went to make breakfast and the rally returned.

[10:48] {Threei}  ahha

[10:48] {Threei}  we need you tyo go cook breakfast for the rally

[10:49] {dino} rinsed

[10:49] {magoo} are u sure it wasnt restroom?do not be embarrassed

[10:49] {dino} throw some bacon on for me

[10:49] {Threei}  AMZN 5 cents shy of 1:1? come on

[10:52] {Threei}  NQ needs to break 1200

[10:53] {Threei}  not this time it seems

[10:54] {cujo} no worky

[10:54] {Threei}  nope

[10:54] {Threei}  sppi

[10:54] {Threei}  never mind

[10:55] {Threei}  gotta adjust that volume filter

[10:55] {Threei}  US SEN SCHUMER: BAD BANK SOLUTION WOULD BE 'TOO COSTLY', PREFERS GUARANTEES

[10:56] {Threei}  (US) OBAMA ADMINISTRATION NOTES ITS "GREAT CONCERN" OVER THE IRANIAN SATELLITE LAUNCH

[10:56] {Threei}  - The French and British governments have also voiced their concern this morning over the Iranian actions.

[10:57] {Threei}  wow GS

[11:03] {KSystems} KLAC sm s .57 stop .81

[11:04] {dino} sm l t .10

[11:05] {fernp} IP 

[11:05] {fernp} valid jbe?

[11:05] {Threei}  too narrow for my taste

[11:05] {Threei}  25 cents who day range

[11:06] {fernp} true

[11:06] {magoo} rinse-a-rama today boss

[11:06] {Threei}  PALM is quietly creeping up

[11:06] {Threei}  yeah mags

[11:06] {magoo} RIMM and AMZN

[11:07] {Threei}  why do you think I shrink away from a call-per-minute mode

[11:07] {dino} figured you were ducking the shoes being thrown at you

[11:08] {Threei}  look at AMZN

[11:08] {KSystems} KLAC stopped -.25

[11:11] {Threei}  lol... third person with tax issues?

[11:11] {Threei}  is anyone at the top paying them at all?

[11:11] {dino} marion berry may as well be nominated for the drug czar

[11:12] {nemo} I was living around DC when he was mayor...what a circus

[11:12] {dino} lol

[11:12] {_wulff} me too

[11:12] {nemo} the there were his conjugal prison yard visits

[11:13] {nemo} I'm Magooin' it...good luck

[11:16] {elepet} yes, palm slow but steady making new highs. now there is a stock one could love with impunity

[11:20] {nemo} didn't work...Magoo...your turn

[11:20] {Threei}  CEDC... vodka is in demand today

[11:20] {KSystems} PAC stopped -.10

[11:21] {nemo} that must have been from me last night

[11:21] {dino} well we went thru some stoli on superbowl

[11:21] {dino} prgo last try sm l .50

[11:23] {magoo} double bottom GS?

[11:23] {Threei}  most likely... but this is downtrending stock in uptrending market

[11:24] {Threei}  mwerket pauses or reverses, it can drop hard

[11:24] {Threei}  ummm... mwerket?

[11:24] {ese} signing off till later...have a great day

[11:24] {Threei}  take care ese

[11:24] {dino} cya es

[11:25] {Threei}  dunno mags... I'd stay away other than simply playing volatility on it

[11:25] {magoo} ty

[11:26] {Threei}  look how much it drops on a merely couple market downticks

[11:26] {Threei}  now... UPS is another matter

[11:26] {Threei}  a lot ov volatility as well, but uptrending and consolidating under the resistance

[11:28] {magoo} .57 long UPS?

[11:28] {dino} prgo stopped again -.32, done w/it

[11:28] {Threei}  gotta time it with market mags

[11:29] {Threei}  looks like UPS gives little delay

[11:29] {Threei}  so ideally, we would get sharp market spike and pause on UPS to grab it

[11:33] {Threei}  serious wekaness in financials

[11:36] {Threei}  with market revresing , starting to think, maybe let's short FAS

[11:37] {nemo} short fas/buy faz?

[11:37] {Threei}  if you prefer FAZ's volatility

[11:38] {Threei}  direction wise, it's the same play

[11:42] {fernp} good read with IP avoiding me go long :)

[11:43] {Threei}  yeah, no life in that

[11:44] {_wulff} Hig short?

[11:44] {Threei}  FAS short entry around .80

[11:44] {Threei}  HIG yes, worth a try certainly

[11:44] {Threei}  with stop over 15

[11:44] {Threei}  FAS stop above .90

[11:45] {Threei}  FAZ acordingly... long off .50

[11:46] {Threei}  although with its volatility I don't even know where to place stop on it

[11:49] {Threei}  don't you hate these long pauses that totally kill the feel of direction

[11:49] {Threei}  no rhytm

[11:50] {Threei}  we have car sales numers today

[11:50] {Threei}  anyone expects them to be anything but more pain?

[11:50] {nemo} down 35% for Chrysler

[11:51] {_wulff} good day for a 3 martini lunch

[11:51] {Threei}  yeah, yesterday was much more fun

[11:54] {dino}  indeed wulf, indeed

[11:55] {dino} education stocks moving up

[11:56] {Threei}  shorts start working

[11:56] {Threei}  on HIG and FAS

[11:57] {Threei}  both are at cover half point

[11:57] {_wulff} one martini in

[11:57] {dino} lol

[11:57] {Threei}  FAZ up over 60 cents from .50

[11:58] {Threei}  anyone did FAS or HIG?

[11:58] {Threei}  or both

[11:58] {cujo} hig

[11:58] {hawkfan4} FAS

[11:58] {dino} ac/dc just came on

[11:58] {Threei}  ok

[11:58] {_wulff} still hig

[11:58] {Threei}  my feeling is, they have more downside

[11:58] {nemo} Don't tell me...Highway to Hell

[11:58] {dino} hells' bells

[11:58] {Threei}  but if with today's jerkiness you go for a scalp, I won't be terribly offended

[11:59] {_wulff} metoo

[11:59] {cujo} already out +.10

[11:59] {cujo} sry :)

[11:59] {_wulff} stop to break enen?

[11:59] {Threei}  just above

[11:59] {Threei}  covered half wulff?

[12:00] {_wulff} yes

[12:01] {_wulff} Later. Work.

[12:03] {Threei}  F

[12:03] {Threei}  REPORTS JAN VEHICLE SALES -38.9% V -29%E (ADJ)

[12:03] {Threei}  MERCEDES-BENZ REPORTS US VEHICLE SALES -35.5%

[12:06] {cujo} Vad, any thoughts on UPS bounce here?

[12:06] {Threei}  no signs of that yet

[12:06] {Threei}  nor did market show any signs of resuming uptrend

[12:06] {cujo} ok, thanks. 

[12:07] {dino} mygn non stop

[12:15] {_mananshah} Anyone trading emini?

[12:15] {Threei}  we are stocks mostly

[12:16] {Threei}  comments on NQ sometimes, but mostly as a quide for stocks that follow it

[12:19] {Threei}  FAS 1:2

[12:19] {Threei}  feel free to cover 1/4 more

[12:21] {Threei}  next leg of selling should take it to .50 - .55 where covering in full is reasonable

[12:22] {Threei}  if firmly intend to ride it to the bitter end, trail stop to over .70 for the last portion after .60 breakdown

[12:23] {Threei}  C

[12:23] {Threei}  US TREASURY NOTES TARP FUNDING PLANS ANNOUNCED TODAY ARE A "STEP FORWARD" BUT BANK "NEEDS TO DO MORE"

[12:23] {KSystems} GDX sm s .00 stop .68

[12:23] {KSystems} GDX is long, sorry

[12:24] {KSystems} SON sm l .39 stop .18

[12:24] {KSystems} VR hl s .31 stop 47

[12:27] {Threei}  .60 is broken FAS

[12:29] {KSystems} VR out half +.08

[12:39] {Threei}  .70 held on FAS bounce

[12:39] {Threei}  now the question is can it make new lows

[12:40] {Threei}  if losing .55, most likely will dive under .50

[12:40] {Threei}  if breaks .70, means double bottom is confirmed, and our trailing stop for last part is located just perfectly

[12:42] {Threei}  mananshah... your e-mini plays are scalps, longer holds?

[12:43] {Threei}  if scalps, NQ looks good for a 2-3 points with 1997 break

[12:43] {Threei}  1197

[12:45] {Threei}  watch if FAS holding above .60 from now on

[12:45] {Threei}  if so, .70 break becomes a long trigger

[12:47] {KSystems} JEC hl l .57 stop .38

[12:47] {Threei}  yesss

[12:47] {Threei}  OM DASCHLE WITHDRAWING FROM CONSIDERATION AS HSS SECRETARY

[12:48] {Threei}  good

[12:48] {Threei}  not let's sack Geithner while we are at it

[12:48] {Threei}  not = now

[12:48] {nemo} never could stand that, that, (insert invective)

[12:49] {KSystems} JEC stopped -.21

[12:49] {Threei}  FORD ISSUES CORRECTION: JAN TOTAL VEHICLE SALES -40.2% V -29%E (UNADJUSTED)

[12:49] {Threei}  they found a few more unsold cars on the parking lot?

[12:49] {cujo} :)

[12:52] {Threei}  ok, Toyota now

[12:52] {Threei}  REPORTS JAN US VEHICLE SALES -32% TO 117K UNITS

[12:56] {Threei}  Daschle own words came back to bite him in the rear

[12:57] {Threei}  10 years ago or so he said something to the effect:

[12:57] {Threei}  tac cheats cheat us all, IRS should follow the law to the letter

[12:58] {Threei}  of course the quote was immediately found and spread all over yesterday

[12:58] {Threei}  cool beans FAS

[13:00] {Threei}  trailing to cover to .51

[13:00] {Threei}  out

[13:00] {Threei}  .42

[13:00] {Threei}  +.30

[13:00] {Threei}  ummm

[13:00] {Threei}  .78 - .42

[13:01] {Threei}  .36?

[13:01] {Threei}  sheesh... wake uop someone and help with math

[13:02] {hawkfan4} .36?

[13:02] {nemo} How'd your engineering company do?

[13:02] {Threei}  did

[13:02] {nemo} dino dcc

[13:05] {Threei}  almost hour and half play on FAS

[13:05] {Threei}  fell asleep twice

[13:06] {hawkfan4} lol

[13:07] {KSystems} SON out half +.05

[13:08] {dino} lol 3i, try holding beav

[13:09] {Threei}  no thanks

[13:17] {hawkfan4} COCO .21 break Vad?

[13:18] {hawkfan4} 21

[13:18] {Threei}  chart looks right...

[13:18] {Threei}  I just have hard time trusting breakouts today

[13:18] {elepet} long FAS still.70?

[13:18] {Threei}  no way

[13:19] {hawkfan4} agree with that, thx 

[13:19] {Threei}  that setup had condition of holding .60

[13:19] {Threei}  went under .40

[13:19] {Threei}  even now it's whole 20 cents away from that trigger

[13:19] {elepet} good...that's what i thought

[13:23] {elepet} are you still short? fas

[13:23] {Threei}  [13:00] {Threei} out

[13:23] {Threei}  [13:00] {Threei} .42

[13:24] {Threei}  not anymore

[13:24] {Threei}  in all time we traded FAS I don't remember it being so slow

[13:25] {nemo} slow is relative, what's FASt today?

[13:25] {Threei}  true... even GOOG is slow today

[13:26] {larisa} I looked at Earth 5 yest. it is cool toy

[13:26] {Threei}  how is it different?

[13:27] {Threei}  I haven't looked since priginal one

[13:27] {larisa} couple new features, but I did not touch it since 1 :) Explored my vacation spot, had fun :)

[13:27] {KSystems} GDX stopped -.33

[13:28] {larisa} :(

[13:28] {KSystems} and SON out rest b/e

[13:35] {Threei} Long Setup:  STT  15

[13:35] {Threei}  .15

[13:35] {Threei}  if holding 23

06[13:36] * Threei pokes ARCA with sharp stick

[13:37] {Threei}  wow, stubborn seller

[13:38] {KSystems} VR out rest -0.05

[13:38] {Threei}  Nissan REPORTS JAN US SALES -29.7%

[13:39] {Threei}  look at the volume at .15

[13:40] {Threei}  you gotta be kidding

[13:41] {hawkfan4} ah

[13:41] {Threei}  steamrolled finally

[13:43] {Threei}  approaching 1:1, half out or scalp, your discretion

[13:43] {Threei}  I'll take off half

[13:44] {Threei}  and try for .40 - .45 with other half, stop to under .10

[13:44] {Threei}  GM

[13:44] {Threei}  REPORTS JAN VEHICLE SALES -49% V -35%E (UNADJUSTED)

[13:47] {Threei}  lol, now that same guy on ARCA supports at that same price?

[13:47] {Threei}  learning buttons buy and sell I assume

[13:51] {Threei}  market fell off a cliff again

[13:52] {Threei}  stop to .14

[13:57] {Threei}  care to break that .30 STT?

[13:57] {hawkfan4} i'll even say please

[13:57] {Threei}  you are THAT polite??

[13:58] {Threei}  wow... I am impressed

[13:58] {hawkfan4} i don't have any 2 x 4's with rusty nails around

[13:58] {Threei}  I don't know how you trade without those

[13:59] {Threei}  good boy STT

[13:59] {Threei}  one more spike please

[14:00] {Threei}  hmmm... please works... you are right

[14:00] {hawkfan4} :) just needed a nudge

[14:00] {Threei}  let's try my way now

06[14:01] * Threei kicks STT in the rear with steel toed heavy duty army boots

[14:01] {Threei}  even better

[14:01] {Threei}  works too and elivers joy of kicking things

[14:01] {Threei}  out .40

[14:02] {KSystems} ALNY hl l .70 stop .57

[14:02] {hawkfan4} out .36

[14:03] {Threei}  day is in the black, but I lack ecitement

[14:03] {Threei}  excitement too

[14:04] {nemo} ehh....nevermind

[14:04] {Threei}  what? I can't be bored?

[14:05] {nemo} no...I was going to make a wise-ass comment that might have crossed the line.

[14:05] {Threei}  GM SALES ANALYST NOTES THAT CHINA HAS SURPASSED THE US MARKET SALES FOR THE FIRST TIME IN MONTHLY SALES

[14:05] {Threei}  now, that corsses the line

[14:05] {nemo} timing is everything...quite the sychronicity

[14:06] {dino}  eqix sm l .00, stop lod

[14:06] {nemo} what about the QB on FAS

[14:06] {Threei}  as in quadriple bottom? :)

[14:07] {nemo} druple...yest.  Everytime it stretches around .38

[14:07] {KSystems} scalped NQ 1197.25 - 1198.75

[14:07] {Threei}  can't tell, not mych rhytm to these movements

[14:08] {Threei}  hesitated on STT pullback into .20

[14:09] {hawkfan4} DRYS little asc triangle breaking, stop under 6

[14:09] {Threei}  something brought new wave of happiness in the market

[14:10] {KSystems} LIHR out half +.09

[14:10] {Threei}  larisa... +300?

[14:10] {nemo} maybe she fell asleep too

[14:11] {magoo} READ RIMM VAD?

[14:11] {Threei}  it just spiked with market mags...

[14:11] {Threei}  and was as out of nowhere as market's spike

[14:11] {KSystems} LIHR out 1/4 +.18

[14:12] {larisa} +45

[14:14] {Threei} Short Setup: STT  .40 break half lot

[14:14] {Threei}  if stays under .55

[14:17] {dino} gj larisa

[14:17] {KSystems} LIHR out rest +.11

[14:17] {larisa} :)

[14:17] {Threei}  new market spike

[14:18] {cujo} so still valid?

[14:18] {Threei}  so far yes

[14:19] {Threei}  can't make new high while market does

[14:20] {Threei}  the rest will depend on whether market reverses or continues

[14:24] {nemo} guess I shoulda' acted on that quadriple bottom

[14:26] {Threei}  AMZN will never stop

[14:26] {Threei}  it will just go to the moon

[14:26] {larisa} sigh

[14:26] {cujo} is that a long set up? :)

[14:27] {dino} out eqix .45, +.45

[14:28] {larisa} gj

[14:28] {Threei}  well, actually... if market spikes again... 63.10 long if holding 62.90

[14:29] {Threei}  or aggressively if AMZN gives little delay

[14:30] {larisa} dino, PRGO gave 2$ bounce off 22.50, but wear everybody off first

[14:31] {Threei}  (CA) CANADIAN PM: "BUY AMERICAN" PROPOSAL IN STIMULUS PACKAGE VIOLATES TRADE COMMITTMENTS

[14:32] {Threei}  (US) SENATE REPUBLICANS OFFER STIMULUS COUNTER PROPOSAL, INCLUDING CUTTING CORPORATE TAX BRACKET TO 25% FROM 35% TEMPORARILY

[14:32] {Threei}  - Proposals also include 2009 home tax credit of $15K or 10% of purchase price and $65B in grants to states for roads & bridges.

[14:32] {Threei}  - Proposal totals approx $445B

[14:32] {nemo} That's a smart move

[14:32] {dino} missed 2x on it, offmy screen

[14:33] {nemo} Comes in less than 1/2 the dem stimulus..eh..spending package and is targeted

[14:35] {Threei}  half out AMZN

[14:35] {KSystems} ALNY out half +.11

[14:35] {cujo} AMZN out +.12

[14:36] {magoo} nice boss

[14:38] {Threei}  out in full

[14:38] {Threei}  +.45

[14:38] {magoo} u be beauty

[14:38] {Threei}  see larisa... sighs are unprofitable {G}

[14:38] {Threei}  me?

[14:38] {Threei}  be?

[14:39] {Threei}  beauty?

[14:39] {KSystems} ALNY out 1/4 +.23

[14:39] {nemo} mags, you been drinkin the doe pee?

[14:40] {Threei}  I am getting tired of STT

[14:40] {magoo} wheres AMZN reload vad?

[14:40] {Threei}  missed covering it when it dropped into .30

[14:40] {Threei}  being busy with AMZN at the moment

[14:40] {Threei}  not sure yet mags

[14:41] {Threei}  market is strangely perky

[14:41] {Threei}  canadian TV is all over "buy american"... so is parliament

[14:43] {KSystems} MTB sm s .56 stop .72

[14:44] {Threei}  STT is stopped finally

[14:44] {Threei}  torturous play

[14:44] {Threei}  why do I do that to myself

[14:45] {nemo} masochistic nature

[14:46] {Threei}  nope... if I were that I'd buy DRYS

[14:47] {hawkfan4} lol, can't remember when it sat in one place for so long

[14:47] {nemo} I didn't say suicidal

[14:47] {KSystems} COLM sm l .69 stop .43

[14:48] {nemo} old Chinese joke:  Monk Cha sat there smacking his privates with a stone.  A passerby asked why he was doing that to himself. "Because it feels so good when I stop."

[14:49] {Threei}  I always thought it was old russian joke... but China is much older so must be theirs

[14:49] {nemo} You guys are on the same continent

[14:50] {nemo} Funny you should say that though.  The oldest mummies in China actually have caucasian DNA

[14:50] {cujo} really?  that is interesting.

[14:51] {nemo} FAS a short candidate again?

[14:51] {cujo} how did they remove the Cauc?

[14:51] {cujo} ha ha ha ha

[14:51] {nemo} don't quit your day job dog.

[14:51] {cujo} :)

[14:51] {Threei}  lol

[14:51] {nemo} :)

[14:51] {Threei}  don't worry cujo

[14:52] {nemo} this could degrade really quickly

[14:52] {Threei}  these guys don't like my jokes either

[14:52] {Threei}  but I liked yours

[14:52] {cujo} thanks

[14:52] {cujo} tough crowd

[14:52] {Threei}  ummm... which actually should be a disturbing for you

[14:52] {nemo} I liked it too.  My sense of humor is not very popular

[14:52] {nemo} actually wished I'd thought of it.

[14:53] {Threei}  overall, my sense of humor isn't far from that of 13 years old... you know, cake in the face, fall in puddle kind of fun

[14:54] {nemo} steel toe boots seem to be in there also

[14:54] {Threei}  totally

[14:54] {KSystems} ALNY out rest +.22

[14:55] {cujo} good trade KS

[14:55] {KSystems} ty

[14:55] {cujo} lets get this COLM going...

[14:55] {Threei}  (US) TREASURY SEC GEITHER: US WAS "A LITTLE SLOW" IN ELEVATING POLICY RESPONSE TO CRISIS, KEEPING MISTAKES MADE BY JAPAN IN RESPONSE TO CRISIS IN MIND

[14:55] {KSystems} MTB out half +.40

[14:56] {nemo} guess I shoulda' taken that short

[14:56] {Threei}  yeah... I couldn't make up my mind on that

[14:57] {Threei}  it was the same market setup as 14:20 - 14:35,

[14:57] {nemo} I know this is training wheel crap but FAZ technicals were getting stronger and SPY was looking topheavy

[14:57] {Threei}  and that one resolved into spike

[14:59] {Threei}  huh

[14:59] {Threei}  REPORTS SUBARU JAN US SALES 12,200 V 11,300 Y/Y (+8%)

[15:00] {nemo} exception that proves the rule.  Subaru is the little dot in the Yin/Yang symbol

[15:00] {larisa} had 3 Subarus in my US life, good car

[15:01] {nemo} So, you're 3 subarus old?

[15:01] {larisa} stuck on the last one, yes

[15:02] {nemo} My grandmother was 29 until the day she died

[15:02] {larisa} :)

[15:02] {Threei}  which model?

[15:02] {Threei}  car, not nemo's grandma

[15:03] {cujo} subaru, rolls royce and mini were only 3 cars to see increase in sales last year.. 

[15:03] {Threei}  mini is the car I don't understand at all

[15:03] {nemo} that BMW mini is neat.  You can't fit in it probably

[15:03] {larisa} latest one ? impreza. small one, you will not like it

[15:03] {cujo} yeah, for folks who live in congested cities.

[15:04] {Threei}  yeah, I am not a fan of small cars

[15:05] {cujo} http://www.smartusa.com/

[15:05] {cujo} you seen these?

[15:05] {larisa} lol

[15:05] {nemo} got a squirrel for an engine

[15:05] {Threei}  plenty of those here

[15:06] {Threei}  they looke like a toy

[15:06] {Threei}  but their owenrs swear by them

[15:08] {dino} rimm sm l .20

06[15:09] * KSystems kicks COLM with something big that has sharp edges

[15:09] {cujo} heard they are dangerous. 

[15:10] {Threei}  smart cars?

[15:10] {cujo} y

[15:10] {Threei}  they actually rate very well

[15:10] {cujo} really?

[15:10] {KSystems} COLM out half +.18

[15:10] {Threei}  in crash tests, yeah

[15:10] {nemo} they're tiny so they're inherently more dangerous

[15:10] {cujo} nice one KS

[15:11] {dino} yeah, when my durango hits that, i just go over it

[15:11] {Threei}  to me, real danger of them lies in good chance they will be sent flying if semi passes by with good speed, lol

[15:11] {KSystems} thanks for THAT practise Vad

[15:11] {cujo} or u lose it in sofa...

[15:11] {nemo} Don't laugh.  I was with a friend in an MR2 some 20 years ago. Semi blew us right off the road

[15:12] {Threei}  or, if you leave it on the stgreet overnight during snowfall, you'll find it in the spring only

[15:12] {Threei}  in kicking ks?

[15:12] {KSystems} MTB out rest -.02

[15:12] {KSystems} yep

[15:13] {magoo} vad..u reading amzn into close ?

[15:14] {magoo} thinkin 64 in the cards

[15:16] {magoo} talk to me goose

[15:17] {Threei}  well

[15:17] {Threei}  worth a try

[15:17] {magoo} sigth

[15:18] {Threei}  let it pullback into .50

[15:18] {magoo} already in .25 out ,69

[15:18] {cujo} magoo, +.30 AMZN, thanks. 

[15:19] {magoo} ill reload

[15:19] {Threei}  market feels like staging one more pullback, then ramp up into close

[15:20] {Threei}  +160

[15:20] {Threei}  can we make 140 more in the next 40 min?

[15:20] {larisa} 120 less

[15:21] {Threei}  no way... we have 64 to tag on AMZN

[15:21] {larisa} market do not talk to me though, i am not that special :)

[15:23] {magoo} 64 easy

[15:24] {magoo} KICKIN

[15:25] {magoo} out .94

[15:25] {Threei}  knock knock

[15:25] {larisa} nice

[15:25] {tomg} me too, ty magoo

[15:25] {Threei}  out 64.02

[15:25] {Threei}  what do you know... life becomes brighter and brighter

06[15:25] * magoo slaps &Threei around a bit with a large with discust cause had to BEG u to look at iyt

[15:25] {Threei}  STT, FAS short and two AMZN trades made the day

[15:26] {tomg} received my material today, ty vad

[15:26] {cujo} BVO?

[15:26] {magoo} 15:14] {magoo} thinkin 64 in the cards

[15:26] {tomg} BEst VAlue offer, yes

[15:27] {Threei}  cool beans tom

[15:27] {Threei}  I am sure you'll enjoy it

[15:27] {tomg} i'm sure I will, looks great

[15:27] {Threei}  raise your hands who didn't

[15:27] {magoo} did u read your slsap?

06[15:27] * Threei unholsters the trout

[15:27] {Threei}  mags... you assume I can read

[15:28] {cujo} can't confirm, but i think you can hear Vad lighting cigarette in Scalp course.  True False?

[15:28] {Threei}  lol, yes, there is a Zippo click at some point

[15:28] {tomg} just opened it :)

[15:28] {cujo} ha ha ha 

[15:28] {nemo} you're also pouring coffee

[15:28] {dino}  out rimm .60, +.40

[15:29] {Threei}  wtg dino

[15:29] {cujo} nice trade dino

[15:29] {Threei}  and the moment when phone rings, right in the middle of the trade

[15:29] {Threei}  I actually had to edit out two words I said when it range

[15:29] {Threei}  rang

[15:30] {hawkfan4} lol

[15:30] {dino} thx

[15:30] {Threei}  ruined integrity of "raw unedited material"... sigh

[15:30] {nemo} Mmmmmh...dump coming?

[15:31] {Threei}  50/50 nemo

[15:31] {Threei}  can continue just as well

[15:31] {larisa} usually when i say +45 and dino/vad +300 we end up at +200

[15:31] {Threei}  averaging out?

[15:31] {dino} i said to magoo at lunch, +200

[15:32] {larisa} you did not tell me, i would edit my +45 then :)

[15:32] {Threei}  to what?

[15:32] {larisa} to +200 :)

[15:32] {magoo} AMZN read here??

[15:32] {Threei}  lol

[15:32] {dino} 3:40 approaching

[15:33] {Threei}  none mags

[15:33] {Threei}  totally market dependent

06[15:33] * magoo slaps &Threei around a bit with a large scalping course

[15:33] {KSystems} DFG hl s .26 stop .42

[15:33] {Threei}  sriously, I wouldn't risk AMZN here

[15:33] {Threei}  action can become quite hectic on last 20 minutes

[15:34] {Threei}  and AMZN will be too fast for proper risk control

[15:34] {dino} risk is our business

[15:34] {cujo} so still any chance of a setious pullback for bounce play or too close to close as well?

[15:34] {KSystems} COLM rest out -.02

[15:34] {nemo} cute Dino

[15:34] {Threei}  why, we are pulling back a bit

[15:35] {nemo} back to the "dumb as I look...nobody can be that dumb" comment

[15:35] {Threei}  FAS is scalp candidate on these last 20 min moves

[15:35] {Threei}  just dropped 20 cents in one breath

[15:35] {dino} tech

[15:35] {KSystems} DFG out half +.11

[15:39] {KSystems} DFG out rest -.04

[15:41] {magoo} took amzn crossover here

[15:42] {Threei}  watching FAS for quick dive into .70 or under

[15:42] {nemo} to .60 or .65?

[15:42] {Threei}  .71

[15:42] {magoo} no work

[15:42] {Threei}  stop under .65

[15:44] {KSystems} NQ sc s 1213.50 - 1211.25

[15:44] {Threei}  not holding

[15:45] {nemo} no testing 60

[15:45] {Threei}  BCON

[15:45] {Threei}  IGNS CONTRACT WITH U.S. NAVY VALUED AT UP TO $3 MILLION

[15:46] {Threei}  crap, missed reentry FAS posting BCON news, lol

[15:47] {nemo} I don't know about that, FAZ isn't doing it's typical keel over

[15:48] {nemo} hate this time of day

[15:51] {KSystems} OK i'm flat and done for the day

[15:51] {KSystems} thank you everyone

[15:51] {Threei}  take care ks

[15:51] {cujo} see ya KS

[15:51] {nemo} bis nacher

[15:51] {larisa} bye :)

[15:52] {dino}   cya ks

[15:56] {dino} out t .40, +.30

[15:57] {dino} tech bloody

[15:58] {Threei}  non-eventful ending

[15:58] {dino} out beav .23 +.23

[15:58] {Threei}  market didn't fufill neother mine or larisa expectations

[15:58] {Threei}  +150 DJI

[15:59] {Threei}  ok guys, nice day after all

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a good evening

[15:59] {cujo} have a good one. 

[15:59] {Threei}  see you tomorrow

[15:59] {nemo} TY GN P&Q

[15:59] {larisa} see you guys

[15:59] {patience} thanks vad

[16:00] {dino} thx all

[16:00] {magoo} ty all