Feb 06 2009

Very nice end for a strong week. Not only our day trades and scalps worked, our swing trade on PALM opened on Wed went up a dollar. More and more trades work for more than just scalps. 

Session Time: Fri Feb 06 00:00:00 2009

[07:44] {ese} good morning.....i'm real early this time

[07:52] {Threei}  good morning

[07:54] {hawkfan4} morning vad :)

[07:55] {Threei}  hawk :)

[07:56] {Threei}  you got quotes?

[07:56] {hawkfan4} can't get in Laser yet

[07:56] {Threei}  ok

[07:56] {Threei}  normally it's up from one hour ago

[07:57] {Threei}  but sometimes someone's asleep at the switch

[07:57] {hawkfan4} i have esig running though.  HIG at 12

[07:57] {Threei}  wow... nice beating

[07:57] {Threei}  although there goes our ideal scenario

[07:58] {hawkfan4} yep

[08:00] {Threei}  ese... insomnia?

[08:06] {nemo} Harooo?

06[08:07] * nemo nemo hands magoo a cup of coffee and says "good morning"

[08:08] {Threei}  nemo :)

[08:09] {nemo} gm Vad

[08:12] {magoo} sheesh

[08:12] {magoo} morning

[08:12] {cosmo} agree

[08:12] {Threei}  sheesh to you too magoo

[08:13] {nemo} Here's a good word for you Magoo "Scheiss"

[08:13] {magoo} scheister

[08:14] {magoo} u play HIG last nite vad?

[08:14] {nemo} might be where it comes from mags

[08:14] {Threei}  larisa hit it for .40 on a short side

[08:14] {magoo} hawk?

[08:14] {magoo} nice

[08:15] {Threei}  nice bid to begin the day on PALM

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

[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN

[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN

[08:22] {Threei}  larisa :)

[08:22] {hawkfan4} es, my back is fine and i did the same thing ;)

[08:22] {larisa} threei :)

[08:24] {magoo} i had opposite affect last nite

[08:24] {Threei}  GERN again

[08:25] {magoo} drank all dinos beer here...fell down our office steps when leaving..and hurt my back lol

[08:25] {hawkfan4} lol

[08:26] {ese} too funny mags

[08:26] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH

[08:27] {hawkfan4} is that fresh?

[08:27] {Threei}  1 min

[08:28] {hawkfan4} thanks

[08:28] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH - WASHINGTON TIMES

[08:28] {Threei}  - "I guarantee you that we will sign an executive order for stem cells," Pres Obama{STEM GERN AVII ASTM OSIR CYTX KOOL VIAC}

[08:29] {hawkfan4} i just like to call them KOOL and the gang

[08:30] {Threei}  JAN UNEMPLOYMENT RATE: 7.6% V 7.5%E

[08:30] {Threei}  JAN CHANGE IN NONFARM PAYROLL: -598K V -540KE; CHANGE IN MANUFACTURING PAYROLLS: -207K V -145KE

[08:30] {Threei}  - Prior Dec Nonfarm revised Lower from -524K to -577K

[08:30] {Threei}  - Prior Dec Manufacturing revised from -149K to -162K

[08:31] {Threei}  *JAN AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS: 33.3 V 33.3E

[08:31] {Threei}  - Prior Avg Hourly Easrnings revised from 0.3% to 0.4%

[08:32] {Threei}  DRYS ANNOUNCES SALE OF M/V TORO FOR $36.0M

[08:32] {Threei}  BAC buyers

[08:35] {Threei}  HIG's back to low

[08:36] {magoo} what were the HIG numberes?

[08:37] {Threei}  yucky

[08:37] {Threei}  [17:23] {Threei} EPORTS Q4 -$2.71 V $1.30E,

[08:37] {Threei}  [17:23] {Threei} UTS DIVIDEND TO $0.05 FROM $0.32

[08:37] {Threei}  [17:24] {Threei} - Guides FY09 EPS $ 5.80-$6.20v $6.08e

[08:39] {magoo} man...end coming again today?

[08:40] {Threei}  huh?

[08:40] {cosmo} its friday

[08:40] {Threei}  look at the futs

[08:40] {Threei}  NQ +11, SP +5

[08:42] {Threei}  GERN broke 8.10

[08:45] {Threei}  this would be funny if it weren't so sad:

[08:45] {Threei}  PIMCO'S EL-ERIAN: THIS MORNING'S EMPLOYMENT DATA IS OF PARTICULAR CONCERN

[08:46] {Onix} o yes?

[08:46] {Onix} good morning

[08:46] {Threei}  onix :)

[08:47] {elepet} good morning

[08:47] {Threei}  elepet :)

[08:48] {cujo} good morning

[08:48] {Threei}  cujo :)

[08:49] {magoo} news BIIB vader?

[08:49] {magoo} el:)

[08:49] {Threei}  02/06/09 07:34am

[08:49] {Threei}  [BIIB] Biogen Idec, Inc. Reports Q4 $0.93 v $0.92e, R $1.1B v $1.09Be

[08:49] {Threei}  - Guides FY09 EPS above $4.00 v $3.99e, Rev growth expected to be in high single digits v $4.48Be

[08:49] {Threei}  - Guides FY09 capex $210-$250M

[08:49] {Threei}  - Avonex $565.8M v $502.5M y/y

[08:49] {Threei}  - Tysabri $155.6M v $89.6M y/y

[08:49] {Threei}  - Fumaderm $ 10.6M v $9.0M y/y

[08:50] {Threei}  08:39am [BIIB] Biogen Idec, Inc. CEO: It will be difficult to get 100K Tysabri patients by 2010, confirmed new case of PML in the EU yesterday - conf call

[08:50] {magoo} down 3

[08:54] {Threei}  so, plan to bring stimulus bill to the vote yesterday didn't pan out,

[08:54] {Threei}  expect more of headlines today

[08:54] {Threei}  "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"

[08:59] {ese} too funny.....seems like dino gets nailed everytime

[08:59] {Threei}  quite amazing that market goes green on such job data

[08:59] {nemo} everybody expected bad

[09:00] {Threei}  yeah but it's even worse than expected, lol

[09:00] {nemo} Topsy turvy world.  Bad news is good

[09:00] {ese} market turn around sign when bad news creates up day...

[09:00] {Threei}  you guys...

[09:01] {Threei}  preaching to the choire :)

[09:01] {nemo} It's good to be insane

[09:01] {Threei}  that's what cosmo told me for years

[09:02] {Threei}  (using magoo as example)

[09:02] {nemo} "It's good to be the King"  "O.K everybody, thank the Queen for being such a good sport."

[09:02] {dino} gm all

[09:02] {Threei}  dino :)

[09:02] {ese} dino ya made it

[09:03] {Threei}  who happened to watch prez speech yesterday?

[09:03] {dino} yeah, it's a struggle some mornings

[09:03] {Onix} caught quite a bit of it

[09:04] {Onix} he seems very upset and determined

[09:04] {Threei}  I was unpleasantly surprised by it

[09:04] {ese} unpleasantly??

[09:04] {Threei}  very partisan, crass, sarcastic

[09:05] {ese} clarify that one vad

[09:05] {ese} ahhhhhh

[09:05] {Onix} with all these plans, they must do them all right now, for the world is coming to an end

[09:05] {Threei}  that's fearmongering

[09:06] {cosmo} so...there's no hope?

[09:06] {Onix} then they do it, and nothing happens ... nothing improves

[09:06] {Onix} the money just disappears\

[09:07] {dino} i vote, do nothing, let the markets work it out

[09:07] {cosmo} Star Trek has yet to give us the cashless society

[09:07] {dino} they are taking it as a power grab

[09:07] {cosmo} and the holodeck

[09:08] {nemo} I'll believe that when they invent the transporter

[09:08] {Threei}  (RU) REPORTEDLY RUSSIAN Q4 GDP DECLINED 1.9%

[09:08] {dino} i want the transporter

[09:09] {dino} but the auto makers will not allow it (unions stoppoing them)

[09:09] {Threei}  (RU) RUSSIAN PM PUTIN: READY TO LOOK FOR COMPROMISE ON EVERY ISSUE WITH EU

[09:09] {Threei}  why the change of heart

[09:10] {cosmo} transporters may be passe, dino

[09:10] {Threei}  beam me up is in?

[09:10] {cosmo} no... thinking

[09:10] {cosmo} hehe

[09:10] {dino} :)

06[09:11] * Threei thinks himself onto Maui

[09:11] {cosmo} keep trying

[09:11] {cosmo} it'll come

[09:12] {magoo} thats the one inconsistancy with tREK...ferengi want gold....on deep space 9 everyone wants $$...and thats same timeline as next generation

[09:13] {dino} magoo's studying trek i see

[09:16] {Threei}  be back in 5

[09:16] {cosmo} swks

[09:17] {cosmo} Skyworks Q1 profit tops Wall St view; shares upat Reuters(Thu 6:40pm)

[09:17] {dino} rate

[09:17] {cosmo} 5.90 high so far

[09:18] {patience} tgif RT   :)

[09:19] {larisa} gm patience :)

[09:21] {Threei}  patience :)

[09:23] {_vinthombre} good morning everyone

[09:23] {Threei}  SEC'S SCHAPIRO SAYS SHE WILL END THE 2 YEAR PENALTY PILOT PROGRAM, WHICH WILL HELP THE SEC GET SUBPOENAS

[09:23] {Threei}  vinthombre :)

[09:23] {dptl} good morning all

[09:23] {Threei}  dp :)

[09:24] {Threei}  watching STT for possible opening play

[09:24] {magoo} probs with iscan vad

[09:24] {Threei}  ?

[09:24] {magoo} all my scanners are blank except pre mkt ones 

[09:24] {Threei}  ahh

[09:25] {dino} you must plug it in 

[09:26] {cosmo} swks

[09:26] {cosmo} tests .90

[09:26] {pita} gm all

[09:26] {Threei}  pita :)

[09:27] {fernp} Hello everybody

[09:27] {buyemsellem} gm

[09:27] {Threei}  fern :)

[09:27] {Threei}  buyem :)

[09:31] {Threei} Long Setup:  HIG  12 break half lot

[09:31] {Threei}  if stays above .85

[09:33] {Threei}  invalidated

[09:36] {Threei}  wow

[09:37] {Threei}  watching JNPR for pullback

[09:41] {Threei} Long Setup:  JNPR  .50 break if stays above .35

[09:43] {Threei}  turns into bolunce play from under .20

[09:44] {dino} chtt

[09:46] {buyemsellem} would you say the JNPR bounce play is invalid?

[09:47] {Threei}  never went into more safe zone

[09:47] {dino} need coffee, reactions are slow missing entries

[09:49] {Threei}  HIG, that was some hard to stomach move

[09:49] {larisa} up or down? histerical both ways

[09:49] {Threei}  both

[09:54] {Threei} Long Setup:  STT  30 break half lot

[09:54] {Threei}  if stays above .80

[09:55] {_wulff} WFC +.13

[09:58] {Threei}  HIG under 11 again

[10:01] {Threei}  half out STT .21

[10:01] {Threei}  stop to 29.95

[10:04] {Threei}  scalpers win

[10:04] {dino} waiting for rate, chtt, hig

[10:05] {larisa} where do you want HIG dino

[10:05] {Threei} Long Setup:  AMZN  66 break if stays above .85

[10:05] {dino} 9.91

[10:05] {larisa} k

[10:06] {dino} 10 feels like big magnet, plus options exp two weeks

[10:06] {larisa}  I like 10, but may be too optimistic :)

[10:07] {dino} well, look at it this way. it shouldn't get there, so if it does, it shouldn't stay there

[10:07] {larisa} lol

[10:07] {Threei}  HIG CEO: COMPANY WELL CAPITALIZED AT END OF 2008, NOT CONTENT WITH Q4 PEFORMANCE - CONF CALL

[10:07] {dino}  if it does, it does, if not so what, looking for others

[10:08] {dino} dltr coming down

[10:08] {dino} fdo w/it

[10:08] {dino} ot; i stopped at dltr last night, beef jerky

[10:09] {Threei} Long Setup:  RIMM  59 break if stays above .85

[10:11] {magoo} in

[10:11] {_wulff} in

[10:12] {magoo} out STT .52...lucky

[10:13] {Threei}  you held?

[10:13] {Threei}  wow

[10:13] {Threei}  nice one

[10:13] {magoo} yeah partialed

[10:13] {magoo} then held 300

[10:13] {magoo} new its wild

[10:14] {Threei}  half out RIMM

[10:14] {Threei}  stop to .95

[10:15] {Threei}  1/4 more out .31

[10:15] {magoo} waiting .57

[10:15] {buyemsellem} very nice call Vad

[10:15] {Threei}  ty

[10:16] {Threei}  not often RIMM gives a chance to play with 15 cents stop

[10:16] {Threei}  that weas clean setup

[10:16] {cujo} very clean

[10:16] {cujo} thanks

[10:16] {Threei}  welcome

[10:16] {Threei}  hit 1:3

[10:16] {Threei}  took me out at .45

[10:17] {_wulff} holding for DT

[10:19] {magoo} STT darn

[10:19] {Threei}  who lacks adrenaline...HIG short smaaal shares

[10:19] {Threei}  with stop above 14

[10:20] {cujo} hig?

[10:20] {cujo} .14?

[10:20] {Threei}  11

[10:20] {cujo} ok got ya

[10:20] {magoo} out rimm TY

[10:22] {Threei}  US SENATE MAJORITY LEADER REID: SENATE HAS MADE PROGRESS ON STIMULUS PACKAGE, MAY BE A VOTE TODAY BETWEEN 5-7PM

[10:22] {Threei}  - Notes belief that the Senate can 'work something out' on stimulus bill.

[10:22] {Threei}  - reminder: yesterday Reid said that if a vote does not come today, it may occur on Sunday.

[10:22] {Threei}  lol

[10:23] {Threei}  [08:54] {Threei} expect more of headlines today

[10:23] {Threei}  [08:54] {Threei} "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"

[10:25] {dino} the emporer has no cloths

[10:26] {magoo} RIMM vad?reload?

[10:26] {Threei}  not sure

[10:27] {magoo} i think its gonna go..just would rather hit pullbk

[10:27] {Threei}  market slowed down so much, I can't gauge sentiment

[10:28] {Threei}  GS can though, lol

[10:29] {Threei}  can you believe PEIX price?

[10:29] {magoo} used to be player

[10:29] {magoo} 20 aresa i think

[10:29] {dino} sm l fdo .98

[10:30] {Threei}  ethanol play

[10:30] {Threei}  btw larisa

[10:30] {Threei}  STT will never stop

[10:30] {Threei}  it will go up from here and forever

[10:31] {magoo} reminds of DRYS back when

[10:31] {magoo} just kept going

[10:31] {larisa} 1 sec ago i thought you should say that

[10:31] {Threei}  I am so predictable?

[10:32] {larisa} like all men

[10:32] {nemo} like all women too

[10:32] {larisa} why STT so strong ? no pullbacks at all

[10:35] {Threei}  ugh, in morning heat forgot to post

[10:35] {Threei}  that half of PALM I rebought yesterday at 8.08, sold it at 8.30 on morning spike

[10:35] {Threei}  and bought back 8.10

[10:36] {Threei}  OK, this is not an easy call by any means

[10:36] {Threei}  and consider it discretional

[10:36] {magoo} OY

[10:37] {magoo} ilkl have to go do it

[10:37] {Threei} Long Setup:  DRYS  .20 break

[10:37] {magoo} ill

[10:37] {magoo} oh NO

[10:37] {magoo} not that

[10:37] {Threei}  discretionary mags... know the word?? :)

[10:37] {cujo} stop?

[10:37] {cujo} or where invalidated?

[10:37] {Threei}  means, if you don't take it I am not going to chase you with hammer in hand

[10:37] {magoo} looking it up in pictionary right now

[10:38] {Threei}  there are two supports for it cujo,

[10:38] {Threei}  6.10 and 6.05,

[10:38] {Threei}  I am waiting to see which of them holds

[10:38] {Threei}  to define the stop level

[10:38] {cujo} got ya.

[10:38] {magoo} i thought u were going to call STT long

[10:38] {magoo} 32 in the cards

[10:39] {Threei}  STT will never ever stop going up, so just buy it anywhere

[10:39] {Threei}  kidding of course

[10:39] {Threei}  or am I...

[10:39] {magoo} KIDDING"???

[10:39] {magoo} oh no

[10:40] {hawkfan4} gap fill and 50 day at 34.50 for STT

[10:42] {magoo} read on GS hawk?

[10:44] {hawkfan4} kind of a bull flag break over 94.35, but needs the market

[10:45] {hawkfan4} needs to hold 94

[10:47] {hawkfan4} in .32, stop 94

[10:47] {magoo} in .24 here

[10:47] {hawkfan4} nice

[10:48] {Threei}  what he didn't tell you hawk is that he sold at .32...

[10:48] {magoo} lol

[10:48] {Threei}  :)

[10:48] {hawkfan4} lol, hey, it's a profit ::)

[10:48] {magoo} out .65 here TY HAWK

[10:48] {hawkfan4} nice, np

[10:49] {magoo} vadf..any read STT

[10:49] {hawkfan4} out .80

[10:50] {Threei}  wtg hawk

[10:50] {hawkfan4} thx

[10:50] {Threei}  it needs serious pullback mags...

[10:54] {Threei}  and market says no pullbacks

[10:54] {hawkfan4} GS little cup/handle break over hod

[10:54] {magoo} well..actually

[10:54] {magoo} should i fess up?

[10:54] {Threei}  let me guess

[10:54] {Threei}  you bought it a dollar ago?

[10:54] {magoo} give serious guess..see if u know me

[10:55] {larisa} 31.50 ?

[10:55] {magoo} hit .60 exit .89

[10:55] {magoo} and its still going

[10:57] {dino} chtt sm l .12

[10:57] {cujo} Hawk, c&h still valid?

[10:58] {hawkfan4} yeah, but need 95 break, and should hold above .50 area

[10:58] {patience} Potash having a happy day

[11:00] {magoo} i still like GS pullbks better than breaks ..just my opinion

[11:01] {magoo} but HAWK really nails it

[11:01] {hawkfan4} yeah, me too, hard to call them.  close to .50 with stop under .50

[11:01] {dino} he has that eagle eye

[11:02] {hawkfan4} hawkeye

[11:02] {magoo} tends to fall fa'the' than 'easonable hawk

[11:02] {hawkfan4} yep here she goes

[11:02] {dino} itt sm l .95

[11:03] {dino} opps

[11:03] {dino} "hawkeye"

[11:03] {hawkfan4} :)

[11:03] {magoo} M*A*S*H*?

[11:04] {magoo} u old enough to remember that show?}

[11:04] {hawkfan4} i'd be more like Klinger

[11:04] {magoo} cross dresser/

[11:05] {hawkfan4} lol :)

[11:05] {hawkfan4} GS in action, breaks out then slams everyone who bought it

[11:06] {cujo} nother break out coming

[11:06] {cujo} ?

[11:06] {magoo} hey vad..can u post something i said yesterday?is it possible

[11:06] {dino} don't do it vad

[11:06] {hawkfan4} think so cujo

[11:06] {Threei}  it's possible but I won't

[11:07] {dino} ty

[11:07] {magoo} i said to dino jobs # would be "non event"

[11:07] {magoo} nonissue i believe

[11:08] {magoo} ChanServ kickin butts again

[11:08] {dino} and i think i said "never know until you bet"

[11:10] {dino} channelserv used to be a bouncer at ny clubs for investment bankers

[11:10] {magoo} WOW vad..u seriously won't? :)

[11:10] {Threei}  dino said I shouldn't

[11:11] {_wulff} 1.0 on RIMM

[11:11] {magoo} nice

[11:11] {Threei}  wth wulff

[11:11] {dino} thats why i pay you the big bucks vad

[11:11] {magoo} but wuff...............................

[11:11] {dino} gj wolf

[11:11] {Threei}  great pastience

[11:11] {Threei}  well, you indicated you intended to hold it for day trade

06[11:11] * magoo slaps _wulff around a bit with a large indecent profits for a newbie while well are scalpin

[11:11] {Threei}  kept your plan

[11:11] {_bobv} hi 

[11:12] {Threei}  so reward is well deserved

[11:12] {hawkfan4} nice job

[11:12] {Threei}  hi bobv

[11:12] {Threei}  welcome

[11:12] {_bobv} thanks

[11:12] {magoo} bobv:)

[11:12] {_wulff} sm l though

[11:12] {Threei}  whatever

[11:12] {Threei}  +1 is +1

[11:13] {_wulff} pays for the month

[11:13] {Threei}  and RIMM is not your father's oldsmobile

[11:13] {cujo} that is hardly small.... :)

[11:13] {Threei}  this thing can hurt badly if you are not careful

[11:13] {_wulff} so noted in my history

[11:14] {Threei}  although lately it much more tame

[11:14] {Threei}  used to be way wilder

[11:14] {magoo} yeah vad...good times ..sigh

[11:14] {_wulff} held 100

[11:16] {KSystems} lol magoo

[11:16] {dino} qsii

[11:24] {Threei}  PALM... I repeated that trick with reentering and reselling twice already

[11:24] {Threei}  at some point it won't pull back anymore or won't recover, lol

06[11:30] * magoo slaps &Threei around a bit with a large a nice big slap on back for vad patting himself on back AFTEr{not before} he does something good

[11:30] {Threei}  that's deep

[11:35] {hawkfan4} STT pretty good pullback

[11:35] {Threei}  I would me more jazzed about 31 at least

[11:38] {hawkfan4} your wish is stt's command

[11:38] {Threei}  lol

[11:39] {Threei}  looks much better now

[11:39] {Threei}  can start trying for bounces

[11:39] {Threei}  on our usual setup

[11:39] {Threei}  .10 break if holding 31

[11:39] {Threei}  if not holding, watch for next consolidation range and break

[11:40] {Threei}  1:1

[11:40] {Threei}  easy money

[11:41] {Threei}  1:2

[11:41] {Threei}  anyone??

[11:41] {hawkfan4} yessir. needed that cuz i completely whiffed on GS  while i was watching STT

[11:41] {cujo} out 1:1 Vad

[11:41] {Threei}  :0

[11:41] {cujo} :)

[11:41] {pita} missed

[11:42] {hawkfan4} HIG .45 break vad?

[11:42] {Threei}  yeah... chart wise

[11:42] {Threei}  stock wise, look into your soul

[11:43] {larisa} lol

[11:43] {Threei}  and decide if you are comfortable with this piece of crap :)

[11:43] {hawkfan4} lol :)

[11:44] {hawkfan4} once you've traded GERN, any other pos smells like roses 

[11:44] {Threei}  lol

[11:48] {_vinthombre} vad- your thoughts on AKAM for long position

[11:48] {dino} like looking thru to next office (ducking)

[11:50] {Threei}  not sure about AKAM...

[11:50] {_vinthombre} k, thanks

[11:52] {Threei}  it tries to shape into break

[11:53] {Threei}  with .25 trigger

[11:53] {Threei}  I just am not sure this is a good time of the day for breakouts

[11:55] {hawkfan4} STT shaping up for more

[12:03] {Threei}  and what do you know

[12:03] {Threei}  like charm

[12:03] {Threei}  don't buy this level third time

[12:07] {dino} thor

[12:09] {Threei}  we got new advisory team

[12:09] {Threei}  on economic recovery

[12:09] {Threei}  I feel much more confidfent now

[12:09] {Threei}  do you?

[12:09] {hawkfan4} no

[12:09] {Threei}  come on

[12:10] {Threei}  it's a brand new team

[12:10] {Threei}  well... some members of it are not very new

[12:10] {dino} how many teams does he need

[12:10] {Threei}  actually none is

[12:10] {Threei}  but hey, it's two teams now

[12:10] {dino} just hiring and making teams up like crazy

[12:10] {Threei}  twice the confidence

[12:10] {_vinthombre} they are not politicians

[12:10] {_vinthombre} good thing i beleive

[12:11] {larisa} he wants representation of all layers

[12:11] {dino} some kind of religion team yesterday

[12:11] {Threei}  I'd better left economic recovery to religion team

[12:11] {larisa} this is why you are not our president :) 

[12:12] {dino} out chtt .67 +.55

[12:12] {cujo} dino, i just sendt you a link on something i read on THOR

[12:12] {Threei}  no kidding... if I were, you'd have 10 times as many failed banks, lolo

[12:12] {dino} lol larisa

[12:12] {dino} we might just stop all th b.s. and get to work

[12:12] {Threei}  'cause no frigin way any of them would get a penny with no strings attached

[12:13] {dino} daytraders running the country, things would get taken care of fast

[12:13] {Threei}  and btw... see how STT lost 21 on a third time?

[12:13] {Threei}  31

[12:13] {Threei}  [12:03] {Threei} don't buy this level third time

[12:15] {Threei}  I may be not as radical as dino in "let them all fail", after all LEH failure showed outcome could be really beyind the worst nightmare... but come on, if we give them money to restore credit flow with no condition to start lending and no mechanism of checking on them and no putcome for them?

[12:16] {Threei}  what else do we expect other than them taking money and using it for any other purpose

[12:16] {dino} perhaps we should ask obama to appt us as a team

[12:17] {dino} lol

[12:17] {Threei}  Tracking Baiout Bilions on CNN

[12:17] {Threei}  good luck tracking them

[12:18] {Threei}  as two teams dino... this way we will look more solid

[12:18] {Threei}  and we can appoint magoo as mediator betwen us

[12:19] {Threei}  under condition he always has beer for negotiations

[12:19] {buyemsellem} I'll be on the committee that investigates what went wrong with the teams

[12:19] {Threei}  again, with beer

[12:19] {Threei}  'cause you know... giotta right the wrongs at some point

[12:22] {dino} bottom line, committees (TEAMS) are timid, they are used to hide behind

[12:23] {Threei}  and, you know what camel is, right?

[12:23] {Threei}  it's a horse designed by big commitee

[12:25] {dino} thor sm l .56

[12:25] {dino} lol

[12:27] {dino} pizza hut cajun wings, they have some "heat"

[12:28] {dino} need a beer that you mentioned above

[12:31] {Threei}  HIG

[12:31] {Threei}  HEARING DEFENDED AT CITIGROUP

[12:31] {dino} confidence inspiring

[12:31] {hawkfan4} lol

[12:31] {Threei}  they sure are in position to defend someone else...

[12:34] {Threei}  well well well PALM

[12:35] {hawkfan4} halle friggin lujah

[12:35] {dino} thor stop ton .99

[12:35] {Threei}  lol

[12:35] {dino} to .06

[12:36] {dino} out thir .06, +.50

[12:37] {dino} too tight

[12:37] {larisa} nice 

[12:37] {hawkfan4} i'm gonna go make lunch so i don't look at PALM

[12:37] {dino} ty larisa baby

[12:38] {Threei}  PALM is up 70 cents from our swing entry

[12:41] {pita} gotta go, happy hunting

[12:41] {Threei}  take care pita

[12:42] {dino} cya pita

[12:52] {magoo} vad..thoughts today..sell off or resume up

[12:52] {Threei}  lol

[12:53] {Threei}  I just wanted to suggest to start making bets

[12:53] {magoo} hmmmmmm

[12:54] {Threei}  ok, considering that larisa is watching and my job is to irritate the heck out of her: +300

[12:55] {larisa} not serious, not eating healthy, plus gamblers.. very irritating

[12:55] {Threei}  not eating healthy?

[12:56] {Threei}  what could be healthier than bacon explosion?

[12:57] {magoo} i like bacon

[12:57] {hawkfan4} GERN spike with volume

[12:58] {cujo} have you ever had a fried twinky?

[12:58] {Threei}  no but I like traditional ukrainian food: pork belly covered in chocolate

[12:59] {cujo} :( ugh... Joking right?

[12:59] {buyemsellem} I've had bacon covered in chocolate

[12:59] {buyemsellem} It's excellent

[12:59] {hawkfan4} :)

[13:00] {ese} ya'll have a good weekend ya hear......just a watchin day for me......always injoy it

[13:00] {hawkfan4} later es

[13:00] {Threei}  take care ese... hope you feel better

[13:00] {ese} later hawk

[13:00] {ese} vad

[13:00] {magoo} ferel better es

[13:01] {magoo} l STT ,80

[13:01] {hawkfan4} .75 ;)

[13:02] {magoo} GS..thoughts hawk?

[13:02] {hawkfan4} up, .50 support

[13:02] {larisa} I say +125 for EOD, if Vad lose, I will trade his account on Monday. good punishment I think. 

[13:03] {hawkfan4} geesh

06[13:03] * Threei urgently withdraws all but $200 from his trading account

[13:03] {larisa} do not cheat

[13:03] {cujo} no worries Hawk, you still have an outstanding record with GS...

[13:03] {hawkfan4} yeah, it can be nasty when it wants to

[13:04] {hawkfan4} a buck in 2 minutes

[13:04] {dino} +76 dji my bet

[13:05] {larisa} :)

[13:05] {magoo} dont want GS to lead mkt down

[13:05] {magoo} covered STT .94

[13:05] {magoo} prob reload

[13:05] {dino} thor pullback again

[13:08] {magoo} reloaded .965

[13:08] {Threei}  larisa... as market ticking up, I start asking myself... what do I get if my forecast comes true?

[13:09] {Threei}  and no, asnwer "I won't trade your account" is not good enough

[13:09] {dino} sm risky, l rate .00

[13:09] {patience} larisa, give him the unsalted, lightly smoked bacon

[13:09] {Threei}  unsalted??

[13:10] {larisa} no,  he will trade my account for a month if he wins, as a reward

[13:10] {Threei}  unsalted bacon is perversion

[13:12] {cujo} so is turkey bacon...

[13:17] {dino} agreed

[13:17] {dino} like eating hot cardboard

[13:18] {Threei}  lol

[13:18] {cujo} ha ha ha which i actually do eat from time to time. 

[13:19] {cujo} AAPL 100 today?

[13:19] {dino} beggin' strips probably taste better

[13:19] {cujo} it's bacon!

[13:20] {dino} lol

[13:21] {magoo} vad..u are missing the greatest up day of the YEAR????

[13:22] {patience} 218 points?

[13:22] {Threei}  mags... stop this pressure

[13:22] {Threei}  first, we had way bigger days

[13:22] {Threei}  and will have more

[13:22] {magoo} really

[13:22] {Threei}  second, do you see entries?

[13:22] {Threei}  share

[13:22] {magoo} just kidding

[13:23] {Threei}  in order to capture gain hard to read on intraday chart I called a swing trade two days ago

[13:23] {Threei}  it's up 80 cents, on a cheap stock

[13:24] {_vinthombre} vad- is FAS looking ok for entry?

[13:24] {_vinthombre} or too much uncertainity

[13:25] {Threei}  I would feel much better about it on plullback into .30 area

[13:25] {Threei}  breaks rarely work on this one

[13:25] {Threei}  today some did

[13:25] {Threei}  but main thing that keeps me away from it is this senate bickering

[13:26] {_vinthombre} got it, thanks

[13:26] {Threei}  scared to imagine what happens if someone comes on CNBC and says no votes for the bill

[13:26] {Threei}  and they do it constantly

[13:26] {Threei}  just remember TARP discussion in late Sept

[13:26] {magoo} MS has fallen to day low

[13:26] {patience} i am in cash, i am ready to go shopping if the market goes on sale

[13:26] {Threei}  market would drop or jump 50 points in a amtter of seconds of each such comment

[13:27] {elepet} are you still holding PALM?

[13:27] {_vinthombre} very true

[13:27] {Threei}  yes elepet

[13:27] {elepet} so am i

[13:27] {Threei}  I want closer to 9 to unload, or start unloading

[13:27] {elepet} Is it close to the big Kahuna?

[13:28] {Threei}  JNPR

[13:28] {Threei}  watch this pullback

[13:28] {Threei}  nice quick 20 cents drop

[13:28] {Threei}  .50 closest support

[13:29] {Threei}  would like to see couple more downticks, holding .50 and crossing .60 with market sreuming upward

[13:40] {hawkfan4} out STT .22

[13:41] {dino}   out fdo .10, all day for +.12

[13:42] {dino} out itt .05, +.10, all day

[13:43] {larisa} HIG serious short covering

[13:44] {dino} rate stop to .09, bad entry

[13:44] {Threei}  sentiment changed on HIG

[13:44] {Threei}  I'd look for pullback to try it long

[13:44] {Threei}  11.80 feels right

[13:44] {dino} dltr going for open gap fill

[13:45] {dino} rate out .11 ave, +.11

[13:46] {dino} brb

[13:52] {Threei}  here comes HIG selling

[13:52] {Threei}  let's keep it to half lot

[13:54] {Threei}  a bit too shallow pullback...

[13:57] {_vinthombre} vad- JNPR , is it developing decending traingle?

[13:58] {_vinthombre} or it doesn't matter

[13:58] {Threei}  pretty much depens on market's next move... can be what you said, can be bull flak

[13:58] {Threei}  see how volume dried up on this retreat?

[13:59] {Threei}  flak = flag.... lol

[13:59] {_vinthombre} oh yes..i didn't look at it

[14:00] {Threei}  if market resumes up and breaks day high, JNPR will be long with stop under .50

[14:00] {Threei}  ideal scenario for us would be:

[14:00] {Threei}  sharp spike NQ,

[14:00] {Threei}  JNPR little delay

[14:00] {Threei}  giving us window for entry

[14:00] {Threei}  then this thing would follow the market

[14:04] {Threei}  see how its drifting with market?

[14:04] {_vinthombre} yep

[14:05] {Threei}  HIG becomes more like it

[14:07] {Threei}  grrr

[14:07] {Threei}  no way to read that entry under 12

[14:08] {Threei}  jeez

[14:15] {Threei}  CA) CANADIAN PM HARPER: US AND CANADIAN UNEMPLOYMENT NUMBERS ARE 'BAD NEWS'

[14:16] {Onix} really!

[14:18] {dptl} got to go...have a good weekend all

[14:18] {Threei}  take care dp

[14:18] {_vinthombre} bye dp

[14:21] {dino} dltr gap filled

[14:22] {dino} cya dp

[14:23] {Threei}  HIG complteted bull flag

[14:24] {Threei}  try half lot as close to 12 as you can get

[14:24] {Threei}  US HOUSE SPEAKER PELOSI: SENATE MAY HAVE ECONOMIC STIMULUS PACKAGE 'TODAY'

[14:24] {Threei}  - Note: This affirms Sen Maj Leader Reid's comments earlier

[14:27] {Threei}  if you got HIG, half out

[14:28] {Threei}  and try to offer second half above .30

[14:28] {cujo} stop around .90?

[14:28] {Threei}  original was u8nder 12

[14:29] {Threei}  can tgrail to under .10 now for the balance

[14:29] {Threei}  here comes "over .30"

[14:30] {cujo} out

[14:30] {cujo} thanks Vad

[14:30] {Threei}  :)

[14:30] {Threei}  what entry did you get?

[14:30] {Threei}  was impossible to call it exactly, danced around too much

[14:30] {cujo} little high but still good .16

[14:30] {hawkfan4} i got .09 avg, sold 1/2 .33

[14:30] {Threei}  :)

[14:31] {hawkfan4} nice call, thx vad

[14:32] {_vinthombre} good one

[14:32] {Threei}  sheesh

[14:32] {hawkfan4} out rest .73

[14:32] {_vinthombre} still trailing

[14:33] {hawkfan4} hoochie mama

[14:33] {Threei}  I told you gravity was myth

[14:33] {Threei}  but nooo... cosmo had to argue

[14:33] {hawkfan4} love when that happens

[14:33] {Threei}  wtg hawk

[14:33] {magoo} beauty vad

[14:33] {hawkfan4} thx, great call

[14:34] {Threei}  I need to return to my "earth is flat, gravity is myth" philosophy

[14:35] {Threei}  - Pelosi notes that the stimulus bill should 'reject republican policies that initially' created economic problems.

[14:35] {Threei}  - reminder: the first TARP bill was voted down in the House in October after Republicans felt slighted by partisan comments from Speaker Pelosi.

[14:35] {Threei}  somuch for bi-partisanship

[14:35] {Threei}  is she determinded to derail whole thing?

[14:36] {dino} dltr sm l .25

[14:36] {_vinthombre} vad- JNPR coming back?

[14:37] {Threei}  I would expect more activity on it with this market move

[14:37] {Threei}  maybe tired already

[14:37] {_vinthombre} no volume also

[14:37] {Threei}  not sure... just not much willingness on it

[14:37] {Threei}  if market stages stunning move it still should follow

[14:38] {Threei}  but so-so lukewarm move by market will hardly inspire JNPR

[14:38] {dino} ]stunning move, lol

[14:42] {Threei}  GE

[14:42] {Threei}  DECLAIRES $0.31 SHARE DIVIDEND

[14:43] {dino} sm l itt .75

[14:47] {Threei}  HIG nears next bounce zone

[14:47] {dino} almost 10% annually, they will be cutting that soon

[14:50] {magoo} .15 area u thinking?

[14:51] {Threei}  unless market totally loses it, may not go that low

[14:51] {Threei}  .20 - .30 rather

[14:51] {Threei}  although... it's HIG...

[14:55] {magoo} STT bounce somewhere vad?

[14:55] {elepet} I just took profits on several stocks but am still holding Palm.  Tomorrow I leave for Mexico and internet connect may not be that reliable.so am wondering what to do with Palm. Sell or good till cancelled order at about 8.90?

[14:57] {_vinthombre} hig did it again

[14:57] {dino} brittany spears stock

[14:58] {larisa} lol

[14:58] {Threei}  don't know what to say elepet... I hate trading with no control

[14:59] {Threei}  who knows what can happen

[15:00] {Threei}  DEC CONSUMER CREDIT: -6.6$ V -$3.5BE

[15:01] {Threei}  US TREASURY'S PLAN TO BE RELEASED MONDAY WILL TARGET CREDIT FLOW GROWTH, CREATE 'LASTING RECOVERY'

[15:01] {nemo}  Wonder if that'll be sell the news

[15:02] {elepet} yeah me too. by the way, before everyone leaves for the day, I want to say so long, and thanks. I've enjoyed being here and have learned alot from you. I cancelled the RT automatic payment, but may have a few days left in Mexico.  will be back in March.

[15:03] {Threei}  we will be ere elepet

[15:03] {Threei}  here

[15:03] {Threei}  have a great vacation

[15:03] {hawkfan4} enjoy elepet

[15:04] {larisa} bye elepet, enjoy the sun :) 

[15:05] {Threei}  ASTM REPORTS Q2 R$28K V $84K Y/Y

[15:05] {Threei}  ummm

[15:05] {Threei}  my personal revenue is way higher than that company

[15:05] {dino} elep have fun

[15:05] {Threei}  HIG

[15:06] {nemo} fas hasn't turne quite yet

[15:08] {Threei}  perfect bounce from that .20 - .30 zone

[15:13] {Threei}  market looks like ready to reverse a bit

[15:13] {Threei}  and PALM forms double bottom

[15:14] {Threei}  .37 long if holding .30

[15:16] {Threei}  .40 break now should take it closer to .50 for 1:1

[15:22] {dino} thor sm l .09

[15:30] {cujo} have to go get taxes done.  C'ya tomorrow. 

[15:31] {Threei}  that's what you get for profitable trading

[15:31] {cujo} :)

[15:31] {Threei}  take care cujo... but we won't be here tomorrow

[15:31] {cujo} geez, going nuts

[15:31] {cujo} see you all monday.  

[15:31] {Threei}  anyone did PALM?

[15:31] {cujo} yup

[15:31] {Threei}  :)

[15:31] {cujo} out .42 for 1:1

[15:31] {Threei}  clean double bottom

[15:32] {patience} thank you for that image

[15:32] {Threei}  ummm

[15:32] {patience} sorry, i'm bored

[15:32] {Threei}  yeah, sounded better in m y head

[15:32] {dino} lol

[15:33] {Threei} Long Setup:  STT  half lot 30.10

[15:33] {Threei}  if stays above 29.90

[15:34] {Threei}  half out

[15:38] {Threei}  out in full .50

[15:38] {Threei}  +.38

[15:38] {Threei}  everyone's asleep?

[15:38] {hawkfan4} me 2, thx, great one

[15:38] {magoo} i hit it..out .49 TY

[15:38] {Threei}  okay :)

[15:38] {_vinthombre} i'm watching HIG

[15:38] {Threei}  I thought I was last one stan... trading

[15:39] {magoo} NICE boss

[15:39] {Onix} ty Vad, got some $ in STT

[15:39] {Threei}  cool beans

[15:39] {buyemsellem} veeeery nice on the STT

[15:39] {Threei}  I have to say, this was a nicely profitable but for some reason tiring week

[15:39] {Onix} earlier in HIG also thanls hey

[15:39] {Threei}  I for one feel like I ewas carrying potato bags on my back

[15:40] {Threei}  onix :)

[15:40] {magoo} agree..i am exhausted but had best week in awghile

[15:40] {Onix} :D

[15:40] {Threei}  see mags... and you though this market blows

[15:40] {magoo} i told u..wghen i complain..i am usually wrong..so i complain to make it work for us..strategy

[15:41] {Threei}  oh

[15:41] {Threei}  got it

[15:41] {patience} i'll drink to that magoo

[15:41] {magoo} very deep

[15:41] {Threei}  annoying... but if it works, but I'll make my peace with it :)

[15:41] {Threei}  minus one but

[15:41] {Threei}  and again... sounded better bewfore I said it

[15:42] {Threei}  I can just see larisa typing: look who is talking, you are the last person to call other people annoying

[15:42] {jmb} late but thanks for PALM

[15:42] {Threei}  kmb :)

[15:43] {Threei}  HIG is quite amazing

[15:43] {magoo} any setup?

[15:44] {Threei}  +230

[15:44] {Threei}  I need 70 points more

[15:45] {larisa} see you monday good people, have a great weekend :)

[15:45] {magoo} u too]

[15:45] {hawkfan4} u 2 :)

[15:45] {Threei}  wait!

[15:46] {Threei}  65 more points and I'll be needing username and pasword for your account

[15:46] {_vinthombre} will hig toich 13?

[15:46] {dino} cya larisa

[15:46] {_vinthombre} touch

[15:46] {Threei}  feels so

[15:46] {Threei}  oh... I didn't notice she said good people

[15:46] {Threei}  doesn't include me

[15:47] {dino} giddy-up feel

[15:51] {magoo} yeah..u were particularly mean to magoo today :)

[15:51] {Threei}  hmmm... today was somehow different from any other day?

[15:52] {Threei}  wow, big drop HIG

[15:52] {magoo} felt lilharsher

[15:52] {nemo} He didn't want you to be all full of yourself after your great week

[15:52] {Threei}  it only means I was not in a very good shape on other days mags :)

[15:53] {dino} cleanup time

[15:55] {Threei}  some ptofit-taking into close in the market but nothing earthshaking

[15:55] {Threei}  5 points NQ

[15:55] {Threei}  HIG of course dropped whole 50 cents but that's HIG

[15:56] {dino} out dltr -.02

[15:56] {dino} out thor +.06

[15:57] {Threei}  had we had 15 more minutes, PALM would be an entry here again

[15:57] {dino} thx all for ideas, decent week. 

[15:57] {Threei}  okay guys

[15:57] {Threei}  thank you all

[15:57] {hawkfan4} ditto, best week in a while, thx all

[15:57] {Threei}  have a great relaxing weekend

[15:58] {buyemsellem} thank you have a good weekend

[15:58] {Threei}  congratulations on good work

[15:58] {Threei}  see you on Monday

[15:58] {hawkfan4} enjoy the weekend all

[15:58] {Threei}  and if coju come here tomorrow to trade, someone slap him with a trout

[15:58] {Threei}  cujo

[15:58] {Threei}  US) REPORTEDLY FINAL SENATE PASSAGE OF STIMULUS BILL IS NOT LIKELY TODAY

[15:58] {Threei}  there you go

[15:59] {Threei}  didn't we foretold this

[15:59] {Threei}  foretell too

[15:59] {dino} shocking

[15:59] {dino} gotta hop

[15:59] {magoo} pat back FIRST vad

[16:00] {Threei}  what's second?

[16:00] {magoo} first=before 

[16:00] {magoo} as in u just congrats yourself

[16:01] {Threei}  I am lost but what else is new :)

06[16:01] * magoo slaps &Threei around a bit with a large a thanx and have good weekend..think fondly of magoo

[16:02] {Threei}  I'll try... but can't promise

[16:02] {nemo} bye boys and girls

[16:03] {magoo} could u at least if u see someone doing something really stupid think of me?

[16:03] {Threei}  in the mirror

[16:03] {Threei}  always

[16:03] {_vinthombre} thanks Vad, have a great week end..see u on Monday

[16:03] {Threei}  take care vinthombre

[16:03] {_vinthombre} bye all