Feb 04 2009

Not very active but fairly positive day. Overall no complaints other than prolonged period of boredom, but HIG, STT etc break that down now and then.

Session Time: Wed Feb 04 00:00:00 2009

[07:34] {nemo} good morning soulless sleepers

[07:46] {hawkfan4} drys

[07:46] {hawkfan4} :)

[07:46] {hawkfan4} and good morning

[07:46] {nemo} Bruins are killin' it.

[07:47] {nemo} Baltic Dyr up again?

[07:48] {nemo} Dry...I guess sub-consciously thinking of Led Zeppelin

[07:48] {hawkfan4} they are rockin nemo

[07:48] {hawkfan4} bruins that is

[07:49] {nemo} Yes...I don't watch much TV anymore, nevermind sports, but the local sports radio hosts always talk about how hockey players, as a rule, are such good guys, so good for them, it's been a looooong time.

[07:56] {Threei}  Good morning

[07:56] {hawkfan4} gm vad

[07:56] {nemo} comrade :)

[07:56] {Threei}  hawk, nemo :)

[07:57] {nemo} any oracular pronouncements? :)

[07:57] {Threei}  none

[07:57] {nemo} I foresaw that response :)

[07:59] {magoo} morning

[08:01] {Threei}  magoo :)

[08:05] {Threei}  DRYS has 9 lives

[08:06] {magoo} yes..it styarted moving afterhours

[08:06] {cosmo} ERTS:  # Electronic Arts posts wider loss, hurt by chargesAP(Tue 7:41pm)

[08:06] {magoo} u have a premkt play here?

[08:06] {cosmo} ... seems to firm pre mkt

[08:08] {magoo} DRYS #1 volume on naz this morn

[08:15] {Threei}  JAN ADP EMPLOYMENT CHANGE: -522KK V -535KE

[08:15] {Threei}  - Prior month revised from -693K to -659K

[08:21] {larisa} good morning :)

[08:21] {Threei}  larisa :)

[08:21] {cosmo} so far...

[08:21] {nemo} gm larisa :)

[08:22] {larisa} threei, cosmo, nemo :)

[08:22] {cosmo} :)

[08:24] {hawkfan4} ELN back over 8

[08:24] {Threei}  this one makes me uncomfortable

[08:25] {hawkfan4} yeah, it's a strange one

[08:27] {cujo} good morning

[08:27] {Threei}  cujo :)

[08:28] {Threei}  BALTIC DRY BULK INDEX RISES FOR ITS 12 STRAIGHT INCREASE

[08:29] {magoo} when more players come in DRYS may pop

[08:29] {magoo} u have a read on it vad?

[08:29] {Threei}  no

[08:30] {magoo} u cranky? lol

[08:30] {Threei}  can drop on profit-taking just as well

[08:30] {Threei}  always

[08:31] {Threei}  this gap can easily be nothing more than folks coming home yesteredayt, reading news they mised and calling their brokers

[08:31] {Threei}  "buy me that thing tomorrow morning"

[08:31] {Threei}  if that's so, they'll be trapped

[08:31] {cosmo} that was 15 years ago 3i... 

[08:31] {nemo} like rats

[08:32] {Threei}  you'd think cos

[08:32] {cosmo} for me...yes

[08:32] {nemo} No...still happens...saw it with my own eyes a couple of months ago

[08:32] {cosmo} nah ... more like 20

[08:36] {Onix} Good morning

[08:37] {Threei}  onix :)

[08:41] {cosmo} ERTS pre mkt high = 16.15  ...needs to hold 15.90  imo

[08:42] {nemo} cosmo, when id erts announce?

[08:42] {nemo} id=did

[08:43] {cosmo} last nite

[08:43] {cosmo} plenty of time to call your broker

[08:43] {nemo} the rats probably haven't all jumped

[08:43] {cosmo} :)

[08:43] {Threei}  DRYS found new crop of fans

[08:43] {nemo} Funny how broke and broker...huh?

[08:44] {cosmo} hmmm

[08:45] {Threei}  INTC CFO: THIS IS ONE OF THE WORST ECONOMIC CYCLES WE HAVE EVER SEEN, SEEING RESET OF DEMAND TO A NEW LEVEL

[08:45] {nemo} I wonder if they'll have broadband in Hoovervilles?

[08:53] {magoo} CSCO report yet?

[08:54] {Threei}  no

[08:54] {Threei}  after the close today

[09:00] {KSystems} goooood morrrrning!

[09:00] {Threei}  ks :)

[09:03] {dino} gm all

[09:03] {Threei}  dino :)

[09:05] {dino} i see some value added analysis; keybanac downgrades wynn to underperform (after stock has fallen 12 points in two weeks)

[09:06] {nemo} Feb. 3 (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, extended its best start to a year since at least 1986 on demand to haul iron ore to China. 

[09:06] {dino} downgrade them when at lows, raise them at highs

[09:06] {Threei}  their quotes are delayed I'd guess

[09:07] {fernp} Hello everybody

[09:07] {Threei}  fern :)

[09:07] {dino} iron, is that fcx

[09:08] {nemo} slw

[09:08] {nemo} oops

[09:09] {elepet} good morning

[09:09] {Threei}  FCX is copper, gold and molybdenum

[09:09] {Threei}  elepet :)

[09:09] {Threei}  and... it was mentioned positively yesterday on Mad Money

[09:10] {dino} thx

[09:20] {elepet} all the Baltic components are way up today

[09:21] {ese} good morning

[09:22] {Threei}  ese :)

[09:27] {dptl} gm all

[09:29] {larisa} dm dp

[09:29] {Threei}  dp :)

[09:31] {dino} out cpla leftover, .62, +.68

[09:31] {nemo} Mags, think we should just keep a tree stand "bottle" nearby?

[09:31] {magoo} :)

[09:31] {magoo} news RIMM vad?

[09:31] {dino} indeed nemo

[09:31] {ese} bstop ILMN sm  .50

[09:32] {nemo} harvest venison Dino, do ya?

[09:32] {Threei}  nothing significant

[09:32] {magoo} amzn drops

[09:32] {ese} 32.50 not 31.50

[09:32] {dino} itt

[09:33] {Threei}  EGLE looks stronger than DRYS

[09:34] {ese} invalidated

[09:34] {dino} rate smackdown

[09:35] {nemo} fas tanking

[09:36] {Threei}  sharp drop DRYS

[09:36] {Threei}  EGLE did teleportation dance

[09:37] {Threei}  worth watch for scalpers

[09:37] {Threei}  watching too

[09:37] {Threei}  PALM is back into 8

[09:37] {Threei}  no news that I see

[09:41] {Threei} Long Setup:  RIMM  .40 if stays above .20

[09:42] {ese} Long ILMN 32

[09:42] {Threei}  1:1

[09:42] {tomg} ty vad

[09:42] {ese} 1/2

[09:42] {ese} fast

[09:43] {cujo} RIMM +.20

[09:43] {cujo} thanks Vad

[09:43] {ese} out .72 + .72

[09:44] {ese} gonna try pullback

[09:44] {ese} bstop .50 ILMN  1/2

[09:45] {Threei}  watching EGLE for wquick pullback into .40 area

[09:45] {ese} breakout instead of pullback is better

[09:46] {magoo} out RIMM .73 TY 

[09:46] {Threei}  welcome

[09:48] {dino} gj

[09:49] {Threei}  look who is waking up

[09:49] {Threei}  LULU

[09:49] {Threei}  long time no see

[09:51] {Threei}  not sure anout break on it, but pullback would be worth attention

[09:53] {magoo} decent pullbk RIMM vad

[09:53] {Threei}  .40 closest support... got away

[09:53] {Threei}  PALM

[09:53] {Threei}  today may be the day

[09:54] {dino} itt sm l .20

[09:54] {dino} hod's

[09:56] {ese} bstop invalidated

[09:56] {ese} ILMN

[09:59] {tomg} stt vad?

[09:59] {Threei}  it's opening pullback keeps me concerned a bit

[09:59] {tomg} ok

[10:00] {Threei}  wouldn't take much to send it to 24 from here

[10:00] {tomg} ty

[10:00] {Threei}  if that happened I'd be an eager buyer

[10:00] {Threei}  break, I don't know

[10:00] {Threei}  *JAN ISM NON-MANUFACTURING COMPOSITE: 42.9 V 39.0E

[10:01] {Threei}  this starts shaping up as creep-up day

[10:01] {nemo} fas off to the races this morning

[10:04] {_wulff} Do you get more active when things go up up up? Or Steady as she goes?

[10:04] {Threei}  too wide question...

[10:05] {Threei}  there are good setups, we take them

[10:05] {_wulff} ok

[10:05] {Threei}  slow creep up with no pullback is not one of our favorite

[10:05] {_wulff} annoying

[10:05] {Threei}  it's a kmind of days when investors are happy but traders don't find much

[10:05] {_wulff} i see

[10:06] {Threei} Long Setup:  JNPR  .75 if stays above .60

[10:06] {Threei}  look EGLE for example

[10:07] {Threei}  if missed first drop into .20, and it was microsecond for entry, where do you enter that?

[10:07] {pita} good morning all - been gone so long had difficulty finding my way back!

[10:07] {dino} gm pita

[10:08] {Threei}  pita :)

[10:08] {cujo} invalidated?

[10:09] {Threei}  yeah

[10:09] {Threei}  was forming cup and handle

[10:09] {cujo} yup

[10:10] {cujo} RIMM just won't stop today

[10:10] {magoo} i could stop it LOL

[10:10] {cujo} ha ha me too

[10:10] {pita} KS, any chance of getting help setting up mIRC?  Where to start w/o bothering everyone else?  Perhaps you can tell I am in browser.

[10:10] {magoo} together we could kill it

[10:11] {cujo} in rimm .74

[10:11] {cujo} just a little test

[10:11] {dino} if i bought w/you, we would freeze it

[10:11] {cujo} look at that now won't go over .75

[10:12] {cujo} :)

[10:12] {nemo} impressive mags!

[10:12] {Threei}  you didn't really buy RIMM there cujo?

[10:13] {cujo} no

[10:13] {cujo} but it does seem out to get me.  

[10:13] {cujo} Just a paper trade. 

[10:13] {Threei}  of course, with this kind of entries, lol

[10:13] {cujo} :)

[10:13] {magoo} toilet paper trade

[10:13] {Threei}  top of sharp spike? come on :)

[10:14] {Threei}  sucker's trade

[10:14] {Threei}  and as Jesse said,

[10:14] {Threei}  first rule of trading:

[10:14] {tomg} jnpr still valid?

[10:14] {Threei}  Don't be a sucker!'

[10:14] {magoo} jesse james was a trader?

[10:14] {cujo} yup

[10:14] {cosmo} traded bullets

[10:15] {Threei}  tom... I think we need ot play JNPR differently

[10:15] {nemo} Geez...ya' just start thinking mags has really got something...and then he walks off the cliff :(

[10:15] {Threei}  aggressive entry for a scalp off pullback, as NQ jumps and JNPR goves a little delay

[10:15] {Threei}  .61 was an entry, but I couldn't type al;ert in time

[10:15] {tomg} ok 

[10:16] {Threei}  another NQ spike is coming

[10:16] {patience} good morning RT  :)

[10:16] {cujo} morning

[10:17] {Threei}  patience :)

[10:17] {Threei}  if breaks 1240, grab RIMM as close to .50 as you can

[10:17] {dino} :) patience

[10:17] {tomg} Q? equiv.

[10:18] {tomg} .50?

[10:18] {Threei}  .55

[10:18] {KSystems} pita?

[10:18] {tomg} ty

[10:18] {pita} yes?

[10:18] {KSystems} dcc plz

[10:18] {pita} dcc how?

[10:19] {KSystems} you see my nick in the bar at the top of your screen

[10:19] {KSystems} click it

[10:19] {Threei}  NASDAQ retreats a bit

[10:19] {Threei}  RIMM is holding well

[10:19] {pita} brings up PM Whois and Ignore

[10:20] {Threei}  I would love to see a pullback on it, to .20 - .30

[10:20] {Threei}  but doesn't seem to be the case

[10:20] {cujo} where stop if in RIMM?

[10:20] {Threei}  sorry, don't understand

[10:21] {Threei}  if already in?

[10:21] {cujo} y

[10:21] {Threei}  or if sets up?

[10:21] {Threei}  well... where are you in then? :)

[10:21] {cujo} bought 1 lot near .50.  

[10:21] {cujo} guess i jumped gun

[10:21] {Threei}  keep it under .40

[10:22] {cujo} ok, thanks.

[10:26] {Threei}  held like a champ

[10:27] {Threei}  needs to break .60 now

[10:28] {Threei}  start taking profit

[10:28] {cujo} out 1/2

[10:28] {Threei}  half out at least

[10:28] {Threei}  stop to under .50

[10:28] {cujo} y

[10:29] {Threei}  precision with which it held .40 is remarkable

[10:29] {nemo} fAS available for short?

[10:30] {cujo} yeah

[10:30] {nemo} doesn't show up in LASER for me

[10:30] {Threei}  DOE CRUDE: +7.2 V +3ME

[10:30] {Threei}  GASOLINE: +300K V +1ME;

[10:31] {Threei}  shortable nemo

[10:31] {cujo} out full RIMM thanks Vad

[10:31] {Threei}  feel free to take RIMM profit in full

[10:31] {cujo} yup

[10:31] {Threei}  good job

[10:31] {dino} gj

[10:31] {cujo} thank, was hairy for a sec there near .40

[10:32] {Threei}  ah come on

[10:32] {Threei}  10 cents stop

[10:32] {Threei}  nothing to give a second thought to

[10:32] {magoo} hairy for a dog like u?

[10:32] {cujo} :)

[10:32] {cujo} yeah something like that :)

[10:32] {nemo} mags, don't forget...he's rabid

[10:33] {cujo} grrrrr

[10:35] {Threei} Long Setup:  HIG  .25

[10:36] {Threei}  if stays above .15

[10:37] {dino} up or down, and wouldn't you know it, my daughter took magic 8-ball home

[10:38] {hawkfan4} lol

[10:38] {Threei}  you don't lock it up?

[10:38] {hawkfan4} it should have its own bodyguard

[10:38] {dino} hindsight

[10:39] {nemo} trend change in market?

[10:40] {Threei}  so far, not

[10:41] {dino} out itt .77, +.57

[10:41] {hawkfan4} good one

[10:41] {cujo} nice trade dino

[10:42] {Threei}  I suspect dino has reserve 8-ball

[10:42] {dino} thx; easy button

[10:42] {dino} thx; easy button

[10:42] {dino} opps

[10:43] {magoo} restrm alert..alerty

[10:43] {fernp} in HIG

[10:43] {cujo} in HIG

[10:47] {Threei}  wow... line on TV:

[10:48] {Threei}  British PM says world in recession

[10:48] {Threei}  no, really?

[10:48] {hawkfan4} more competition vad

[10:48] {nemo} He's a POL not an economist :)

[10:48] {Threei}  no kidding hawk

[10:48] {Threei}  defending my title of the master of the obvious becomes so tough, I wonder ifit's worth it

[10:49] {cujo} dirty job, but someone has to do it... 

[10:49] {nemo} tough staying on top

[10:49] {nemo} Heavy is the head that wears the crown :(

[10:50] {Threei}  next CEO comes out and says the conditions are tougher than they've ever seen... I gove up

[10:50] {cujo} Vad, ok to move stop to below .20 on the HIG?

[10:50] {Threei}  I am a bit torn about it

[10:50] {Threei}  too easy to get tagged

[10:51] {cujo} y

[10:51] {cujo} yeah

[10:51] {nemo} FAS looks week probably holding HIG back

[10:51] {Threei}  and I am not sure market is ready for continuation

[10:51] {nemo} week=weak

[10:51] {Threei}  and HIG is holding very well

[10:51] {cujo} yeah, ok, holding at .14

[10:52] {cosmo} NETL 24 test

[10:53] {cosmo} hod

[10:56] {cosmo} should hold 23.75

[10:56] {cujo} come on HIG

[10:57] {Threei}  {HIG} don't rush me! I am on Hawaiian time! I move on my own terms

[10:57] {cujo} lol

[10:57] {Threei}  1:1

[10:57] {Threei}  make your choice

[10:57] {Threei}  half out or scalp

[10:58] {cujo} out.38

[10:58] {cujo} thanks Vad

[10:58] {Threei}  sure

[10:58] {magoo} waiting .47

[10:59] {larisa} did you say yesterday AMZN to the moon ?? breaking things :) 

[11:00] {Threei}  that was yesterday

[11:00] {Threei}  today it's curious what's under the basement floor

[11:00] {nemo} pour new concrete last night?

[11:00] {Threei}  HIG hit 1:2

[11:01] {larisa}  I think you are prohibited to say "M" word :)

[11:01] {nemo} No, he just can't say 'ally

[11:01] {Threei}  hmmm... no r no m... larisa, my vocabulary is quite limited as it is...

[11:02] {larisa} lol

[11:02] {Threei}  you'll make me look as an imbecil if you continue cutting down words I can use

[11:02] {Threei}  I mean, I manage with 15

[11:02] {Threei}  now 13

[11:02] {nemo} obviously not using "e" either

[11:03] {Threei}  but aything below 10, it's going to be tough wihtout intense gesticulation

[11:03] {nemo} sign language

[11:03] {KSystems} HME hl l .97 stop .82

[11:11] {dino} mhs hmmm

[11:17] {KSystems} HME stopped -.16

[11:17] {KSystems} WYE l .47 stop .43

[11:17] {dino} v s sm .03

[11:24] {KSystems} GE l .60 stop .53

[11:24] {KSystems} CBE hl l .57 stop .38

[11:26] {dino} cov v .00, +.04 mkt spike

[11:26] {dino} .03 opps

[11:26] {dino} damn, rinsed me

[11:29] {KSystems} WYE stopped -.04

[11:31] {pita} KS, am I there?

[11:31] {cujo} you are here...

[11:31] {Threei}  you made it pita

[11:31] {dino} over here

[11:31] {KSystems} :)

[11:31] {pita} thanks cujo!, thanks Vad, and specially KS!

[11:32] {KSystems} no prob

[11:32] {Threei}  NCX??

[11:33] {Threei}  11:25am [NCX] Strength attributed to rumor the co. has struck a $100M funding agreement from an Alberta pension plan

[11:33] {Threei}  I'll say

[11:41] {dino} coiled springs

[11:42] {nemo} which way though, Dino???

[11:43] {dino} gut says down

[11:43] {nemo} I agree

[11:44] {nemo} I saw a trend change around 10:00 an now it can't make up it's mind...mmmhhh...sounds like me.

[11:47] {pita} Is there no replay or time stamp here?

[11:47] {Threei}  time stamp yes

[11:47] {pita} don't see it

[11:47] {nemo} right click on discussions above

[11:47] {cujo} i don't see eithe pita

[11:47] {Threei}  right click on the button #discussions, pick Timestamp from dropdown menu

[11:47] {cujo} cool

[11:48] {cujo} look at that.  There it is. 

[11:48] {Threei}  replay no

[11:48] {nemo} how do you work the mouse with your paws cujo?

[11:48] {cujo} Vad, trader by day, tech support by night...

[11:48] {Threei}  lol

[11:48] {cujo} pencil in mouth

[11:48] {pita} ty, got it

[11:48] {nemo} ahhh

[11:48] {cujo} tough working with mouse, all hotkeys

[11:49] {nemo} get slobber on keyboard?

[11:49] {cujo} yup.  

[11:49] {cujo} have that new waterproof keyboard...

[11:50] {nemo} Sorry vad...I think I bring down the collective IQ around here.

[11:50] {dino} gs wants to pay back tarp, offering rumor

[11:50] {Threei}  you'd need a concrete-breaking tools for that

[11:51] {Threei}  basement floor, you know

[11:51] {pita} How do you get sound alert for Vad or other selected member?

[11:51] {cujo} Lloyd could pay that back himself.  

[11:51] {nemo} Yeah, when I lived in SC they made we wear a helmet while on my motorcycle. They figured if I fell off and landed on my head, I'd damage the street. 

[11:52] {cujo} what you ride Nemo?

[11:52] {nemo} Then...KZ1000

[11:52] {nemo} How I got around during grad school

[11:53] {cujo} gotta love that Kawi green... 

[11:53] {nemo} They were fantastic bikes...rice burner aside

[11:53] {Threei}  sorry pita, can't remember that one... it's done in Highlight section but between diff mIRC versions I can't remember where to find it

[11:54] {cujo} pita, right click on the user name you want to make sounds

[11:54] {magoo} i had Harley back then

[11:54] {magoo} sportster..black

[11:54] {pita} what are we watching?

[11:54] {nemo} same thing pita, right click on "beeping"

[11:54] {dino} buffet will be riding harley magoo, just loaned them 300 mill, at 15%

[11:54] {cujo} then go to info

[11:54] {cujo} then highlight

[11:54] {cujo} then you can create the rule based on names and words

[11:55] {dino} becn hmmmm

[11:55] {nemo} if you put the cursonr in the #floor window, where Vad emanates, right click choose "Beeping" and turn it on

[11:55] {Threei}  emanates... lol

[11:55] {pita} ty

[11:56] {nemo} Yeah...pontificates would have been better

[11:56] {cujo} cool.  I have always been on sportier bikes but like the Harleys....

[11:56] {nemo} Love Hogs, but they still break down too much

[11:56] {cujo} yeah, and the are HEAVY

[11:56] {magoo} i know its dangerous..but me and friends luv to bar hop on bikes 

[11:56] {cujo} if and when you go down, you go down hard......

[11:56] {cujo} ditto

[11:56] {magoo} it was fun fun funnnn

[11:57] {cujo} what you on magoo?

[11:57] {nemo} Good thing you were riding, too drunk to walk

[11:57] {cujo} bike wise

[11:57] {magoo} all i have now is 4 motocross bikes

[11:57] {nemo} Yeah, that left alot to the imagination for a second cujo

[11:57] {cujo} ha ha

[11:58] {magoo} ex motocrosser here..and son  now races

[11:58] {nemo} This market is like watching asymptotic relationships

[11:58] {Threei} Long Setup:  FAZ  small shares .50 break if stays above .30-

[11:59] {cujo} always wanted to try motorcross... 

[11:59] {Threei}  feels like spike into 50 in cards

[11:59] {magoo} in FAZ vad

[12:00] {Threei}  just keep it small, too volatile

[12:00] {cujo} in as well

[12:02] {larisa} dino nice BECN bottom alert

[12:02] {Threei}  no worky

[12:02] {cujo} out

[12:02] {dino} missed it, am waiting at .01

[12:03] {larisa} scalped from under 10, ty

[12:04] {dino} gj

[12:06] {dino} i really missed that

[12:08] {dino} watching apol, itt, becn

[12:09] {larisa} that FAZ is really crazy, off my screen :) 

[12:09] {dino} mine too

[12:10] {dino} 3x's i believe

[12:10] {hawkfan4} yep

[12:10] {nemo} yes, but gotta' look at faz  an fas together.  Right now fas moves with S&P

[12:10] {dino} as they say "there are other worlds' than this"

[12:11] {nemo} huh?

[12:11] {nemo} dimensions?

[12:11] {dino} stephen king, the gunslinger

[12:11] {dino}  9/0

[12:11] {dino} disregard

[12:12] {Threei}  "Go on the. There are other worlds than this"

[12:12] {Threei}  the = then

[12:12] {dino} just substitute stocks for worlds, that was my point

[12:12] {nemo} Geez...I see him at Red Sox games some times.  Sits over behind first base.

[12:13] {dino} cool

[12:13] {nemo} Big baseball fan, built a bunch of fields for kids up in Maine

[12:14] {cujo} dino, have any price in mind for APOL entry?

[12:14] {cujo} around .50-.60 maybe?

[12:14] {dino} i coach babe ruth team

[12:15] {dino} .40s

[12:15] {dino} itt around .90

[12:15] {cujo} got it

[12:17] {Threei}  COST EXEC: WE BELIEVE THE US ECONOMY HAS HIT BOTTOM - CONF CALL

[12:17] {cujo} hmmm

[12:17] {dino} gutsy call

[12:17] {nemo} Did they say how long it would be on the floor?

[12:19] {Threei}  GERN some enthusiasm

[12:20] {dino} darn v would've worked, too tight

[12:20] {Threei}  (RU) RUSSIAN FIN MIN KUDRIN: INFLATION IN RUSSIA MAY BE HIGHER THAN FORECASTED 13%

[12:21] {dino} shocking

[12:22] {Threei}  between that and Zimbabwe, I wonder whether we have right to complain when ours hits 3%

[12:22] {nemo} ask Kaimu

[12:22] {Threei}  FAZ shakeout... above 50

[12:23] {cujo} ITT getting there

[12:23] {nemo} bounce scalp on fas?

[12:23] {Threei}  only if you are into microscalping

[12:24] {Threei}  I doubt it has much in it

[12:24] {nemo} hey...how did you know about my hair transplant?

[12:24] {dino} cx apol, mkt drops

[12:24] {Threei}  I'd better look at STT for bounce scalp

[12:26] {dino} hmmm apol held .50 cujo right

[12:26] {cujo} rarely

[12:27] {magoo} what the read on GS hawk?

[12:28] {hawkfan4} dunno, looks down, but support at 88, rock n hard place right now

[12:29] {hawkfan4} gotta run out for a bit

[12:29] {magoo} ok ty

[12:34] {Threei}  market is totally dead

[12:34] {dino} itt sm l .07

[12:35] {dino} stop is .78

[12:40] {dino} apol sm l .55, stop .18

[12:42] {fernp} MEE good DBI?

[12:43] {Threei}  chart wise, yes...

[12:43] {Threei}  it's just the market right now

[12:43] {Threei}  directionless

[12:45] {magoo} going to eat some bacon vad

[12:45] {Threei}  US SENATE REPORTEDLY TAKING STEPS TO INCREASE GSE LOAN LIMITS

[12:45] {Threei}  {FNM XHB}

[12:45] {Threei}  wait mags

[12:46] {Threei}  that's for you:

[12:46] {Threei}  http://www.nytimes.com/2009/01/28/dining/281brex.html

[12:46] {dino} why, when values are down

[12:46] {nemo} that's quite a chart on fnm

[12:47] {magoo} YUMMY vad

[12:48] {larisa} at least wrap some carrots with it :)

[12:49] {nemo} Friend of mine gave me meat from a pig he raised, including bacon...what a difference from the store bought stuff

[12:50] {dino} apol stopped

[12:55] {Threei}  lol... renewable energy push is likely to create more jobs on Aisa than in USA

[12:56] {dino} hampster wheels?

[12:58] {larisa} depends on a company, solars keep technology and manufacturing in US, back end in Asia, Mexico. Gov can put condition in : create jobs in US ? :)

[12:59] {magoo} why doesnt govt become a solar copany...already a bank and auto companies

[13:00] {dino} tech?

[13:00] {larisa} lol

[13:00] {pita} bounce area STT Vad?

[13:01] {Threei}  not while FAS is dropping

[13:01] {magoo} darn faz vad..we were 5 minutes early

[13:02] {Threei}  yeah

[13:02] {Threei}  US HOUSE SPEAKER PELOSI: UNCLEAR WHETHER OR NOT ADDITIONAL BANK BAILOUT REQUESTS

[13:05] {dino} i vote, no more anything, let it syhake out

[13:10] {Threei}  woq... what a yawn, ever since those early plays

06[13:10] * dino slaps &Threei around a bit with a large trout

[13:11] {Threei}  you think it helps?

[13:12] {dino} watcing some old favs. wmt, mcd

[13:12] {Threei}  let's see if we get double bottom

[13:12] {cujo} mcd c&h?

[13:12] {Threei} Long Setup:  STT  .50

[13:12] {Threei}  if stays above .40

[13:14] {nemo} S&P STB

[13:14] {dino} no idea cujo

[13:14] {Threei}  market and FAS quick downticks, STT is holding

[13:14] {Threei}  not sure if it can hold if market continues down, but bounce should make it work

[13:15] {Threei}  so far so good

[13:16] {magoo} in 

[13:16] {Threei}  1:1

[13:18] {magoo} rimm aapl hjeld well..any plauyy vad?

[13:19] {Threei}  RIMM is stronger than AAPL

[13:19] {Threei}  it is a play when market reverses

[13:19] {Threei}  but no technical on its own

[13:19] {dino} wmt sm l .90

[13:19] {magoo} if IF mkt reverses

[13:20] {Threei}  hmm? did we switch in "market never goes up again" mode yet?

[13:20] {pita} in/out STT +13 ty

[13:20] {Threei}  pita :)

[13:20] {nemo} it's tomorrow vad

[13:20] {Threei}  I must have stuck in yesterday's "we never ever pull back again"

[13:21] {nemo} maybe you should have your "good twin" trade every other day :)

[13:21] {Threei}  I would... problem is, no matter how often we duke it out, we can't agree who of us is good one

[13:22] {larisa} you both want to be bad ?

[13:22] {Threei}  how did you guess?

[13:22] {larisa} girls like bad boys :)

[13:23] {Threei}  hmmm... maybe I should take glasses off then

[13:23] {Threei}  and tie

[13:23] {Threei}  and elbow patches

[13:23] {cujo} Vad, double Bottomon KO?

[13:24] {Threei}  doesn't feel right to me

[13:24] {nemo} those plaid pants and striped shirts don't work either

[13:25] {Threei}  market may help it of course but on its own it looks rather breakdownish

[13:25] {cujo} yeah

[13:25] {cujo} thanks. 

[13:25] {pita} reload STT?

[13:26] {Threei}  this one looks right

[13:26] {Threei}  same stop, under .40

[13:27] {cujo} fast 1:1

[13:27] {Threei}  1:1 again

[13:27] {cujo} thanks

[13:28] {Threei}  KO bounced too

[13:28] {Threei}  oh well

[13:28] {cujo} no biggie, have a friend who wants to unload

[13:28] {cujo} i wan'ts looking to get long

[13:29] {magoo} vad..all we looking for is 1:1? i still in

[13:30] {Threei}  mags, no idea

[13:30] {Threei}  market is so sleepy

[13:30] {Threei}  it feels like it's bouncing not really coming out of coma

[13:30] {magoo} ok out here .67

[13:30] {magoo} like 1:1.7

[13:30] {Threei}  when in doubt partial out

[13:31] {magoo} when in doubt..bail oout

06[13:31] * Threei made a piece of poetry and almost dies of extreme pride

[13:32] {Threei}  over 1:2

[13:32] {Threei}  even most stubborn holders must not lose money on it

[13:32] {jmb} thanks vad STT

[13:32] {Threei}  jmb :)

[13:37] {dino} mcd sm l .25

[13:37] {magoo} ill have a big mac please

[13:37] {Threei}  not sure about STT this time

[13:38] {Threei}  leavit it be

[13:38] {nemo} FAZ testing top

[13:38] {Threei}  after what it did to us, I refuse to acknowledge its existence

[13:38] {Threei}  as far as I am concerned, no such thing as FAZ

[13:39] {nemo} fine...FAS testing .85

[13:39] {cujo} same here Vad

[13:39] {nemo} now now boys you're taking this much too personally

[13:39] {cujo} Fas

[13:40] {nemo} Ohh bottom showdown CUJO

[13:41] {nemo} S&P crapping out

06[13:41] * Threei pats himself on tha back for staying away from STT this time around

[13:42] {nemo} looks like the one that can't be named wants to test the range

[13:43] {magoo} its time for my daily here............................drumroll

[13:43] {magoo} this markety BLOEWS

[13:44] {cujo} he he

[13:44] {magoo} we are down 70

[13:48] {Threei}  and never ever are going to go up again

[13:50] {Threei}  STT become a candidate here

[13:51] {Threei}  24 crossback

[13:51] {Threei}  stop under 23.90

[13:51] {magoo} in 24

[13:53] {Threei}  looks good with any market bounce

[13:53] {Threei}  not dropping anymore

[13:53] {Threei}  hopefully no shake

[13:53] {Threei}  over 1;1, half out

[13:54] {Threei}  .95 stop

[13:57] {magoo} AAPl RIMM read vad?

[13:57] {Threei}  HP

[13:57] {Threei}  REPORTEDLY VENEZUELAN OIL WORKERS UNION HAS TAKEN CONTROL OF FOUR HP OIL RIGS

[13:57] {Threei}  can't tell on those

[13:57] {Threei}  1;2 STT

[13:58] {Threei}  out .19

[13:59] {magoo} out here .28 TY boss

[13:59] {Threei}  too soon

[13:59] {Threei}  wtg

[13:59] {dino} that country's a mess

[14:01] {Threei}  hehe... name me one that isn't

[14:01] {nemo} fiji

[14:06] {cujo} stt Vad?

[14:07] {Threei}  looking at how LULU is holding you would think yoga accessories and clothes is an answer to financial crisis

[14:07] {cujo} i am wearing lulu right now...

[14:07] {Threei}  worth secvond try here cujo

[14:07] {Threei}  no chasing

[14:07] {Threei}  bounced fast off 24

[14:07] {cujo} yup

[14:08] {cujo} missed it... 

[14:08] {Threei}  NASDAQ is green still

[14:09] {Threei}  a lot of green techs

[14:09] {magoo} u in LULU?

[14:10] {Threei}  no

[14:10] {Threei}  nor am I in tutu

[14:10] {cujo} i'm in lulu

[14:10] {magoo} u taking yoga?

[14:10] {nemo} scary...I was thinking just that vad

[14:10] {cujo} ha ha

[14:10] {cujo} no

[14:10] {cujo} just comfy pants

[14:10] {cujo} trading attire

[14:12] {magoo} again i ask...aapl rimm?

[14:12] {Threei}  sigh

[14:13] {magoo} u know if u give in and call it..and itswrong...your dead right?

[14:14] {Threei}  so survivor in me says, do not call them

[14:14] {nemo} Geez mags...bite the hand that feeds ya'

[14:14] {magoo} but the badger in me keeps saying ..ask

[14:14] {nemo} scorpion and the turtle

[14:14] {magoo} cujo taught me

[14:15] {nemo} he's a rabid dog!

[14:15] {magoo} whenever i look at porn mkt goes up...so im gonna go sacrifice for ya all

[14:15] {cujo} ha ha ha

[14:15] {cujo} nice

[14:16] {dino} ncit

[14:16] {nemo} wedges on STT and FAS?

[14:17] {Threei}  I can't tell... chart shapes up and reversal but volume doesn't

[14:17] {Threei}  and = as

[14:18] {nemo} yeah, volume on FAS anemic

[14:18] {Threei}  DYAX FDA PANEL: ECALLANTIDE RULED EFFECTIVE FOR ADULTS

[14:18] {Threei}  hatled

[14:18] {Threei}  from 7 am

[14:22] {hawkfan4} ok Vad, you were supposed to remind me not to make appts in the middle of the day :)

[14:22] {Threei}  I was?

[14:23] {Threei}  see... you assume I remember anything about anyone

[14:23] {hawkfan4} :) no.  i covered GS short at 88.30 right b4 i left, and sold FAZ at 50.60, uggg

[14:25] {Threei}  lol

[14:25] {Threei}  I want to warn people from Nigeria who might be watching our show, if you get any emails from Washington asking for money, it's a scam. Don't fall for it - Jay Leno

[14:28] {hawkfan4} lol

[14:30] {nemo} you finished yet Mags?

[14:32] {Threei}  I am taking PALM swing trade here

[14:32] {cujo} long or short?

[14:32] {Threei}  long

[14:32] {nemo} I thought he was making a crack about Mags

[14:34] {cujo} in the swing trade

[14:35] {dptl} have a good evening all...leaving early...

[14:35] {cujo} see ya

[14:36] {Threei}  take care dp

[14:42] {magoo} vad mkt powering up jhere

[14:42] {magoo} candidates boss

[14:43] {Threei}  one more pullback in order... STT closer to 24 is candidate

[14:45] {Threei}  .10 break if stays above 24

[14:46] {Threei}  changes to 24 break if holding above 23.90

[14:46] {nemo} If FAS holds @ .55 is STT a candidate?

[14:47] {dino} cryp

[14:48] {Threei}  CRYP

[14:48] {Threei}  MOVING HIGHER ON REPORT IN FT SUMMARIZING COMMENTS FROM BARNEY FRANK LAST WEEK ABOUT BRINGING BILL FOR LEGALIZING ONLINE GAMBLING IN THE US

[14:49] {Threei}  half out

[14:50] {Threei}  GIGM another one on the same headline

[14:51] {nemo} How's IGT doing?

[14:51] {nemo} not well

[14:55] {nemo} I wonder if Obama's compensation controls are kaiboshing the financials?

[14:57] {Threei}  brightest minds will leave?

[14:58] {Threei}  for greener pastures?

[14:58] {Threei}  good riddance if you ask me

[14:58] {magoo} big jump

[14:59] {pita} late for day job - thanks again KS, see y'all tomorrow.

[14:59] {Threei}  take care pita

[14:59] {cujo} c'ya

[15:01] {Threei}  FORMER FED CHAIR VOLCKER: NEED REGISTRATION FOR HEDGE FUNDS AND PRIVATE EQUITY FUNDS, FNM AND FRE CANNOT ULTIMATELY BE A PRIVATE/ PUBLIC MIX

[15:04] {Threei}  BAC CEO: JAN PERFORMANCE 'ENCOURAGING', NOTES WILL NOT TAKE YEAR END PERFORMANCE COMPENSATION 2009 - MEMO DATED 2/2

[15:04] {Threei}  - Remarked that the Board has endorsed the strategy and direction

[15:06] {magoo} c'mon vad...youare missing the greatest spike of the new year here lol

[15:06] {Threei}  this??

[15:06] {Threei}  lol

[15:07] {Threei}  your standards really dropped low

[15:07] {magoo} ell put eh?

[15:07] {magoo} ell=well

[15:07] {Threei}  ell too

[15:09] {Threei}  STT does teleportation dance

[15:09] {nemo} You thinking Palm C&H Vad?

[15:09] {Threei}  it's scalpable but there is no way to call it in time

[15:09] {nemo} not Rosie mags

[15:09] {Threei}  on daily you mean?

[15:09] {nemo} no swing

[15:09] {Threei}  ummm

[15:09] {Threei}  C&H on what chart?

[15:10] {nemo} six month daily

[15:10] {Threei}  well, that one would have too high breakout

[15:10] {Threei}  although yes, it plays a role in general idea of what this stock does

[15:11] {nemo} wouldn't it be above 8..stone's throw

[15:11] {Threei}  my idea of this trade is rather smaller C&H,

[15:11] {Threei}  forming from 01/16

[15:11] {Threei}  with rim at 8.30 - 8.40

[15:12] {nemo} 2/2 base of handle

[15:12] {Threei}  taking aggressive entry on this pullback

[15:13] {Threei}  {nemo} 2/2 base of handle - right

[15:13] {Threei}  break of the rim should take it to 9 at least

[15:14] {cujo} wow, its moving

[15:14] {Threei}  against market, no less

[15:14] {Threei}  no news that I see

[15:14] {cujo} 9 here we come

[15:15] {Threei}  lol

[15:15] {nemo} had that ascending triangle, where'd that volume spike come from

[15:16] {Threei}  don't know... but something's brewing here

[15:16] {Threei}  one of the reasons I want to be in aggressively:

[15:16] {Threei}  thing is expecting news from Best Buy and Sprint on their smartphone,

[15:17] {tomg} which stock, vad?

[15:17] {Threei}  and if that comes overnight, it will just open with gap

[15:17] {magoo} cat scratch fever crankin here

[15:17] {Threei}  PALM, tom, swing trade from .80

[15:17] {tomg} ty

[15:17] {nemo} what, figure no downside if no news

[15:18] {cujo} u think it will come back to .80 tomorrow?

[15:18] {Threei}  to be ready for this trade for a week already, wake up and see it opening at 9?

[15:18] {Threei}  ummm

[15:18] {Threei}  cujo... don't make this widespreade and very common mistake assuming that I think

[15:19] {cujo} sry :)

[15:19] {Threei}  you should be... I almost feel insulted

[15:19] {Threei}  seriously though, no idea... see,

[15:19] {Threei}  it's in a wasiting position,

[15:19] {Threei}  waiting

[15:19] {cujo} got ya. 

[15:19] {Threei}  for news, for market support etc

[15:19] {Threei}  no news and market drops - it will retreat

[15:20] {cujo} any price that would get you to sell before close of day today short of 9?

[15:20] {Threei}  how far and for how long - anyone's guess

[15:20] {larisa} sry is sorry for lazy? I wish I did not know russian :)

[15:20] {Threei}  today? nah

[15:20] {Threei}  lol larisa

[15:21] {Threei}  mags.. so much for that bounce of the century {G}

[15:21] {larisa} erasing yest 'ally

[15:22] {nemo} up a day down a day

[15:22] {Threei}  STT is a player again though

[15:22] {nemo} 23.90?

[15:24] {Threei}  it's not a technical play... can't name the price

[15:25] {nemo} Great :(

[15:25] {Threei}  observe it to get the rhytm of these teleportations up and down

[15:25] {nemo} although it touch .90

[15:26] {Threei}  CRYP continues...

[15:26] {cujo} i have an order resting at .87 nemo

[15:26] {Threei}  GIGM too

[15:29] {magoo} DINOOOOOOO..make the call{3:40}

[15:29] {nemo} you mean 'ally

[15:29] {dino} up

[15:31] {dino} wcrx

[15:33] {Threei}  GIGM goes for a break it seems

[15:33] {magoo} u making a call?

[15:34] {Threei}  only if you are extremely adrenaline-deprived

[15:34] {Threei}  this is not a stock for faint hearts

[15:34] {magoo} in

[15:34] {nemo} Magoo likes bungee jumping

[15:34] {Threei}  did it break yet?

[15:35] {magoo} oops

[15:35] {larisa} lol

[15:35] {Threei}  not only you want super-risky stock, but you also want it aggresively

[15:35] {Threei}  sigh

[15:35] {magoo} well hared to watch while in GS GOOG AAPL too

[15:35] {Threei}  oh boy

[15:36] {nemo} Geez mags and porn too!

[15:36] {Threei}  oops NCX

[15:36] {Threei}  ALBERTA FUND MANAGER CONFIRMS NOT PROVIDING FINANCING TO NCX

[15:36] {magoo} porn off..system crashed

[15:37] {Threei}  CANADA FIN MIN FLAHERTY CONFIRMS G7 DISCUSSION TO INCLUDE ASIAN CURRENCIES, ASK FOR CNY TO APPRECIATE

[15:37] {Threei}  easy way to fix trade imbalance eh?

[15:38] {Threei}  how do you like these PALM spikes?

[15:40] {dino} wcrx drop

[15:42] {dino} ironic, because it purchased the mr big cream

[15:42] {_vinthombre} vad- how far PALM could go?

[15:42] {Threei}  anyone played STT off 24?

[15:42] {hawkfan4} i did vad, sold .19

[15:42] {Threei}  hawk :)

[15:42] {Threei}  PALM... IF, if it does what I envision, 9 at least

[15:43] {_vinthombre} thanks

[15:43] {Threei}  it has big resistance to break at 8.30 - 8.40

[15:43] {Threei}  please realize the dangers of overnight hold, respect them and size position accordingly

[15:43] {_vinthombre} got it, thx

[15:44] {Threei}  using Livermore's words... keep it down to sleeping level :})

[15:44] {_vinthombre} very true

[15:44] {Threei}  'cause you know... he who goes for a killing is the first one to get killed

[15:44] {dino} ffch div. cut, blood

06[15:44] * Threei is unusually deep today

[15:44] {nemo} yep, first strike is a master shot

[15:44] {Threei}  way beyonbd normal "tree good, fire bad"

[15:45] {dino} fortune favors the bold

[15:46] {Threei}  ???

[15:46] {Threei}  you sure??

[15:46] {dino} darkness lies one inch ahead

[15:46] {Threei}  I always thought it was bAld

[15:46] {dino} lol

[15:46] {larisa} threei, usually you say something and wait for others to compliment you, do not do it yourself :)

[15:46] {dino} then i am in trouble, not balding here

[15:46] {Threei}  you destroy the very core of my beliefs dino :(

[15:46] {nemo} and in the immortal words of Frank Zappa "Whatch out where the huskies go"    Dino you want to finish

[15:47] {Threei}  wow larisa... that's how it's done?

[15:47] {larisa} usually :)

[15:47] {Threei}  jeez, I learn so much today

[15:47] {dino} dk that one

[15:47] {Threei}  my whole world comes down crashing

[15:48] {larisa} magoo would say : beauty boss. means you did somefing right

[15:48] {Threei}  naaah... that's just him hitting on me

[15:50] {Threei}  look at BAC

[15:50] {Threei}  this is baaad

[15:50] {hawkfan4} berry bad

[15:51] {Threei}  even if market starts kind of compartmentalizing, isolating financials... BAC crash is really bad

[15:51] {dino} c is going to catch it

[15:51] {cujo} time to start buying gold bars?

[15:52] {Threei}  that's not my area of experise... I don't understand gold :)

[15:52] {cujo} or taking cash out and putting it in mattress?

[15:52] {dino} it's a shiny metal 3i, whats to know?

[15:52] {dino} chick's dig it

[15:52] {Threei}  lol

[15:53] {cujo} chicks to dig it... 

[15:53] {cujo} do

[15:54] {dino} so the new patttern under obama, 1 out of 5 days/week dji rises

[15:54] {larisa} lol

[15:55] {dino} seems to be

[15:57] {larisa} Cisco, visa report after hours

[15:58] {Threei}  well guys... not overly active day but positive

[15:58] {Threei}  and thanks to dino and larisa I learned a lot of new things

[15:58] {Threei}  about life

[15:58] {Threei}  thaank you all, have a good evening

[15:58] {Threei}  see you tomorrow

[15:59] {larisa} bye :)

[15:59] {dino} anytime vad

[15:59] {hawkfan4} u 2 vad, thx

[15:59] {cujo} ha ha ha.  Thanks Vad.  Have a good one. 

[15:59] {cujo} catch you all tomorrow.

[16:00] {Threei}  btw

[16:00] {Threei}  if you haven't gotten enough of wisdom from high above for the day

[16:00] {Threei}  FOUNDER GATES: NEXT 3-4 YEARS WILL BE 'VERY TOUGH' FOR THE US ECONOMY

[16:00] {hawkfan4} i feel smarter already

[16:01] {Threei}  AKAm

[16:01] {Threei}  REPORTS Q4 $0.44 V $0.40E, R $212M V $206ME