Mar 19 2009

Mostly scalping day but a lot of those and with very high percentage of winning.. No complaints at all. All the usuals - FAS, BAC, GE etc

Session Time: Thu Mar 19 00:00:00 2009

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 655K v prior release of 654K (range seen from 635K to 690K)

[08:10] {Threei}  - Continuing claims seen at 5.323M v prior 5.317M. (range seen from 5.270M to 5.400M)

[08:22] {Threei}  Good morning

[08:23] {Threei}  after employment numbers are out,

[08:23] {Threei}  keeping an eye on

[08:23] {Threei}  BRCD, break over 3 is interesting

[08:23] {Threei}  upgraded at RBC

[08:24] {Threei}  AUY, break over 9 and general gold strength

[08:24] {Threei}  and of course usual suspects

[08:24] {Threei}  with WFC beiong interestingly weak

[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 646K V 655KE;

[08:30] {Threei}  CONTINUING CLAIMS: 5.473M V 5.323ME

[08:30] {Threei}  - Prior jobless claims revised from 654K to 658K

[08:30] {Threei}  - Prior Continuing Claims revised from 5.317M to 5.288M

[08:44] {Threei}  08:40am [DRYS] Wins $630M contract from Petrobras to employ the Leiv Eiriksson for three years

[08:55] {magoo} mornimng

[08:57] {Threei}  GE

[08:57] {Threei}  EXPECTS TO BE PROFITABLE IN Q1 V $0.24E

[08:57] {Threei}  magoo :)

[09:00] {Threei}  nice move off news

[09:00] {dptl} good morning

[09:00] {Threei}  dp :)

[09:00] {nemo} wow!  mags vad dp :)

[09:00] {i2romantis} morning all

[09:01] {Threei}  nemo, i2r :)

[09:01] {nemo} BAC just breached the morning high

[09:02] {elepet} good morning

[09:02] {Threei}  FDX

[09:02] {Threei}  CEO: THE US ECONOMY HAS PROBABLY HIT BOTTOM - CONF CALL

[09:02] {Threei}  elepet :)

[09:02] {elepet} baltic shipping moving up.drys exm dsx and others

[09:03] {nemo} there goes BAC

[09:05] {Threei}  C

[09:05] {Threei}  TO REPORTEDLY SELL $3B IN CREDIT CARD BONDS FOR THE TALF PROGRAM

[09:05] {Threei}  - also notes it may increase authorized shares to between 40B and 60B from current 15B as part of conversion plan.

[09:07] {Threei}  serious offers are being lifted on GE

[09:09] {Threei}  DRYS, if we get meaningful pullback, likely to be an opening play

[09:13] {ese} GM....

[09:14] {Threei}  ese :)

[09:14] {ese} Balkin index up today

[09:14] {ese} 630mil coontract...nice

[09:14] {Threei}  yup

[09:17] {dino} gm all

[09:17] {ese} dino

[09:18] {Threei}  dino :)

[09:18] {cosmo} orcl tests high

[09:18] {Threei}  and DRYS

[09:18] {pita} gm dino, all

[09:18] {Threei}  and GE

[09:18] {Threei}  pita :)

[09:18] {dino} :)

[09:19] {Threei}  OK guys, I think it's obvious what mode we are in for now, right?

[09:19] {cosmo} open breaks .... after all these years...

[09:19] {Threei}  hehe

[09:19] {Threei}  and pullbacks

[09:19] {dino} salvation through inflation coming into play after that meeting, echo bubble in the making, imo

[09:20] {Threei}  for late arrivals:

[09:20] {Threei}  [08:23] {Threei} keeping an eye on

[09:20] {Threei}  [08:23] {Threei} BRCD, break over 3 is interesting

[09:20] {Threei}  [08:23] {Threei} upgraded at RBC

[09:20] {Threei}  [08:24] {Threei} AUY, break over 9 and general gold strength

[09:20] {Threei}  [08:24] {Threei} and of course usual suspects

[09:20] {Threei}  [08:24] {Threei} with WFC beiong interestingly weak

[09:20] {Threei}  and all usual suspects

[09:20] {vinod} good morning  all

[09:20] {Threei}  FAS, BAC, GE, DRYS

[09:20] {Threei}  vinod :)

[09:21] {Threei}  AIG, this is beyond the limits of this universe

[09:21] {Threei}  it's out of some other one

[09:21] {Threei}  to put it simply:

[09:21] {Threei} Long Setup:  ANYTHING  at any price

[09:22] {Threei}  well, except FAZ {G}

[09:23] {Threei}  if we are lucky, we get either pullback, or consolidation and break

[09:23] {nemo} looked at FNM and FRE?

[09:23] {Threei}  if things just jump out ofg the gate, will be tough to get entries

[09:23] {Threei}  I refuse to

[09:24] {Threei}  my fingers can't type those symbolss

[09:24] {nemo} 40% overnight

[09:26] {Threei}  BALTIC DRY BULK INDEX -3.5%; SEVENTH STRAIGHT DECLINE

[09:27] {vint} good morning all

[09:27] {Threei}  vint :)

[09:27] {dino} dollar hit

[09:27] {nemo} dino is going after the crown

[09:33] {Threei}  MICROSOFT CEO BALMER: YAHOO DEAL IS COMPELLING ECONOMICALLY

[09:33] {fernp} hello everybody

[09:34] {Threei}  fern :)

[09:36] {Threei}  GE, watching for long entry

[09:36] {Threei}  ideally, one more leg down

[09:36] {Threei}  with antry under .90

[09:36] {Threei}  entry

[09:37] {Threei}  WFC

[09:37] {dino} 21% straight up s/p; due for a pullback

[09:38] {Threei} Long Setup:  WFC  17 break if holding above 16.90

[09:38] {Threei} Long Setup:  GE  11 break if holding above 10.90

[09:39] {Threei}  wow wfc

[09:42] {dino} fcbc thinny

[09:42] {wulff} wfc valid?

[09:42] {Threei}  ?

[09:42] {Threei}  of course not

[09:44] {nemo} slw and auy headed north

[09:44] {Threei}  I keep waiting for AUY pullback and not getting it

[09:46] {Threei}  GE over 1:1, half out or scalp

[09:46] {fernp} out GE ty Vad

[09:46] {Threei}  welcome

[09:46] {dino} nite?

[09:47] {Threei}  GS downgraded NITE

[09:47] {dino} ty

[09:48] {Threei}  .long rimm .80 break if stays above .65

[09:48] {Threei} Long Setup:  RIMM  .80 break if stays above .65

[09:48] {nemo} fly by

[09:49] {Threei}  1:1

[09:49] {Threei}  GE, if take partial, stop to .98 for the balance

[09:53] {Threei} Long Setup:  STT  half lot .90 if stays above .70

[09:53] {Threei}  wow FAS

[09:53] {Threei}  biounce time very soon

[09:55] {dino} nite getting interesting, 15 strike 

[09:55] {ese} ADBE bstop .11 full lot

[09:55] {Threei}  one more leg down on FAS,

[09:55] {Threei}  or if holding above .75, .85 long

[09:55] {dino} watching uthr for 4th day

[09:55] {ese} Long adbe

[09:56] {Threei}  STT no go

[09:57] {ese} out adbe ..17

[09:57] {ese} quick hit

[09:58] {Threei}  FAS, watch for pullback to .70

[09:58] {Threei}  entry with stop under .65

[09:59] {Threei}  in

[09:59] {nemo} in

[10:00] {Threei}  *FEB LEADING INDICATORS: -0.4% V -0.6%E

[10:00] {Threei}  - prior revised from +0.4% to{SPY SHY}

[10:00] {ese} in FAS

[10:00] {ese} .73

[10:00] {Threei}  - prior revised from +0.4% to 0.1%{SPY SHY}

[10:00] {Threei}  MAR PHILADELPHIA FED INDEX: -35 V -39E

[10:01] {Threei}  half out FAS .85

[10:01] {ese} out 1/2

[10:01] {Threei}  scalpers know what to do

[10:01] {ese} out full

[10:02] {Threei}  yeah

[10:02] {Threei}  scalping rules still

[10:02] {ese} +.08 on full lot

[10:02] {Threei}  AUY pulled back

[10:02] {Threei}  trying to find decent entry

[10:03] {ese} might try fas again around .50

[10:04] {dino} gj es

[10:04] {ese} hmmm might not get there

[10:04] {ese} followed the cheif......was easy

[10:04] {ese} chief

[10:04] {nemo} market digesting yesterday afternoon

[10:05] {nemo} jefe

[10:05] {nemo} ese

[10:05] {dino} chef

[10:05] {Threei}  US HOUSE MINORITY LEADER BOEHNER: TREASURY SEC GEITHNER IS "ON THIN ICE"

[10:05] {ese} fearless leader

[10:06] {Threei}  Terrific Tim in troubles

[10:06] {dino} boehner playing hard guy

[10:06] {nemo} Throwing spitballs from the peanut gallery

[10:07] {ese} interesting name.....

[10:07] {nemo} wht?  we're almost back to FOMC level on FAS

[10:08] {Threei}  .long ge .70 break

[10:08] {dino} es, lol, that was my joke

[10:08] {Threei} Long Setup:  GE  .70 break

[10:08] {Threei}  if holding above .60

[10:09] {nemo} and NOBODY wanted to look at FAZ

[10:09] {dino} at lod's

[10:11] {pita} lotta red

[10:11] {vinod} nemo  lot to do because of option expiration tomorrow

[10:12] {nemo} treachorous...moguls on a double black diamond slope

[10:12] {Threei}  .40 crossback was FAS entry but happened faster than I could type

[10:12] {dino} nite sm l .25

[10:13] {Threei}  BAC

[10:13] {Threei}  .55 long

[10:13] {Threei}  stop under .45

[10:14] {vinod} in bac 7.55

[10:15] {wulff} RIMM...

[10:16] {ese} dino your screens showing anything huge dn....

[10:16] {Threei}  AAPL

[10:17] {Threei}  102 break

[10:17] {Threei}  half lot, if stays above .80

[10:17] {Threei}  BAC 1:1

[10:17] {fernp} out BAC ty

[10:17] {Threei}  half out or scalp, your decision

[10:17] {Threei}  AAPL 1:2

[10:17] {tomg} ty vad aapl

[10:18] {Threei}  1:1, sorry

[10:18] {Threei}  tom :)

[10:18] {nemo} out BAC scalp

[10:18] {nemo} ty

[10:18] {Threei}  welcome

[10:18] {Threei}  honestly, I expected today to be good for more than scalps

[10:19] {Threei}  now AAPL 1:2

[10:19] {Threei}  I was a bit ahead of myself {G}

[10:20] {Threei}  can't believe I missed FAS entry

[10:21] {Threei}  BAC is coming into 1:2

[10:22] {Threei}  who kept part of BAC, get out

[10:22] {vinod} out bac 7.82 see you after 3.00

[10:22] {wulff} I took .50

[10:22] {Threei}  good job, take care

[10:23] {Threei}  on FAS wulff?

[10:23] {wulff} yes

[10:23] {Threei}  :)

[10:23] {Threei}  ESLR

[10:23] {Threei}  SIGNS PARTNERSHIP AGREEMENT WITH RMT, INC.

[10:23] {Threei}  wow... this dog is still alive

[10:24] {nemo} now be nice, some people love that stock

[10:24] {Threei}  anyone who loves the stock needs some medical checkup

[10:25] {Threei}  how can you love the symbol consisting of 2-4 letters, beyond me

[10:28] {ese} Vad eslr has enough future contracts to make the stock a 30 to 40 dollar stock 3 to 5 years....I still have my 3000shs of it at 3.00

[10:29] {ese} 3.28 to be exact

[10:29] {Threei}  only if it survives cahsless period of this year ese

[10:29] {ese} true.....

[10:29] {Threei}  it has cash to sustain it till summer, maybe midsummer

[10:30] {Threei}  in this credit climate, finding financing is a tough task

[10:30] {Threei}  if they succeed at it they have a shot

[10:30] {ese} assuming there are any banks left.....they will give it carry over cash till contracts cut in

[10:31] {Threei}  yes, or

[10:31] {Threei}  ESLR, being green and all that, finds help form giverment

[10:31] {ese} it'll go broke

[10:31] {Threei}  or that, lol

[10:31] {ese} ahhhh didn't think about that

[10:31] {Threei}  with all the rhetorics about financing green companies and jobs,

[10:32] {Threei}  kind of hard to imagine this administration letting US-based solar manufacturer to go under

[10:32] {Threei}  although you know...

[10:32] {Threei}  when it comes to goverment, stranger things have happened

[10:33] {ese} indeed

[10:36] {Threei} Long Setup:  GE  11 break if stays above 10.90

[10:36] {ese} all things considered.....I definately have a gamble goin here

[10:36] {ese} with ESLR

[10:36] {magoo} rimm read vad?

[10:36] {Threei}  nothing's wrong with gamble as long as you realize it is just that,

[10:36] {Threei}  and can afford the negative outcome

[10:37] {ese} indeed

[10:37] {magoo} AAPL into support vad??

[10:37] {Threei}  no read for now mags

[10:37] {magoo} was .54 when asked..bam up

[10:38] {Threei}  so what can I do when thing jumps 20 cents in seconds?

[10:38] {magoo} no..just meant i felt it

[10:38] {magoo} not u boss

[10:38] {Threei}  strange

[10:38] {Threei}  usually it's my dfault

[10:38] {magoo} :0

[10:38] {ese} crystal ball.........theres one on your kitchen table ?????....or was that a flower pot

[10:39] {nemo} wife is really having an effect on you, huh Vad

[10:41] {magoo} NOW im mad at ya..lol

[10:41] {Threei}  whew

[10:41] {magoo} not really..took aapl .77 out .12

[10:42] {Threei}  all is well in my world again

[10:42] {magoo} foer now

[10:42] {nemo} in GE

[10:42] {wulff} in GE

[10:42] {Threei}  7 break on FAS was valid setup... don't know why I skipped it

[10:42] {ese} L STLD .29

[10:43] {ese} if it gets through that huge offer at .30 will go some

[10:43] {ese} big offers at .30

[10:44] {ese} aggressive entry for sure

[10:45] {Threei}  GE over 1:1

[10:45] {Threei}  half or scalp

[10:45] {Threei}  whatever you fancy

[10:45] {pita} out ty

[10:45] {Threei}  :)

[10:46] {nemo} out ty

[10:46] {Threei}  welcome

[10:46] {dino}  isrg

[10:46] {nemo} auy pullback

[10:46] {Threei}  FHFA: OBAMA HOUSING PLAN REQUIRES ADDITIONAL WORK BEFORE LAUNCH

[10:46] {Threei}  {FNM FRE XHB}

[10:47] {dino} mant

[10:47] {nemo} Probably blow up on the pad

[10:49] {ese} stld pushing up against that 200k sh offer at .30

[10:51] {ese} before LUNCH?

[10:52] {ese} oh sorry before LAUNCH

[10:52] {Threei}  lol

[10:52] {Threei}  made me look in kithe4n direction

[10:53] {ese} stop for STLD is .09

[10:54] {ese} that news item for ESLR turned my Solar watch list all green

[10:58] {dino} is that like "sun" tea, your solar screen

[10:59] {nemo} huh? what?

[10:59] {dino} bad joke

[10:59] {Threei}  .long fas .80 break

[11:00] {Threei}  feel free to take scalp as you see fit

[11:01] {Threei}  we are coming into lunch time

[11:01] {Threei}  patterns become sluggish

[11:01] {ese} hmmmmmmm....never thougt of it that way dino....

[11:02] {Threei}  out .91

[11:02] {Threei}  everyone's asleep?

[11:02] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

06[11:02] * Threei is hopeful he can fall asleep, too

[11:04] {nemo} ese, you got me wathcing stld

[11:09] {Threei} Long Setup:  FAZ  small shares .75

[11:09] {Threei}  stop under .50

[11:10] {nemo} got by

[11:10] {Threei}  1:1

[11:11] {Threei}  over 1:2, out in full

[11:11] {Threei}  +.60

[11:14] {dino}  v sm isrg l .15 wide

[11:19] {dino} sm risky l mant .05

[11:22] {pita} thanks for good day Vad, all - day job....

[11:22] {Threei}  take care pita

[11:24] {ese} sorry am back nemo.....stepped away for a few minutes

[11:24] {Threei}  RU) REPORTEDLY RUSSIAN SOURCES IN CONVERSATIONS WITH CHINA BACKED TALKS ON USING USD AS MAIN RESERVE CURRENCY

[11:24] {Threei}  there was something earlier about UN calling to ditch USD as reserve currency

[11:24] {dino} as we start the devaluation process

[11:24] {nemo} makes sense...the position the US has itself in turns it into a strategic weapon

[11:25] {Threei}  I find it hard to believe we still haven't ditched UN

[11:25] {ese} if stld gets through that humongus offer at .30 nemo....it's off to the races I think

[11:27] {Threei}  03/18/09 06:19am Reportedly, a UN Experts Panel will recommend moving from USD to a 'shared' reserve currency

[11:27] {Threei}  how's that Euro working again?

[11:27] {dino} i vote to stop funding the un

[11:28] {nemo} Idealists will make it work

[11:28] {Threei}  I wanted to say I second thaat

[11:28] {Threei}  but then decided, no, I am first

[11:28] {nemo} Keep your friends close...enemies closer

[11:29] {Threei}  FAZ C&H

[11:31] {dino} uthr sm l .25

[11:32] {Threei}  .75 long FAZ

[11:32] {Threei}  if holding .55

[11:33] {Threei}  no go

[11:33] {dino} we fund like 40% of the budget and they just bash us

[11:34] {Threei}  to me, there are just two options

[11:34] {Threei}  1. eviction notice

[11:34] {Threei}  2. bulldozer

[11:36] {dino} as they said on tombstone, "burn 'em all, ike"

[11:39] {dino} patience, thoughts on cop, have apr 40 calls

[11:39] {patience} just a sec dino   :)

[11:40] {dino} :)

[11:41] {patience} you were in the money today with a nice pop

[11:41] {dino} had .90 on them

[11:41] {patience} little more room to run, long swing definitely up, but infill needed

[11:42] {dino} where do you usually get out % wise?

[11:42] {patience} let me think

[11:42] {patience} i tend to be greedy and scalp momo in options like the underlying stock

[11:43] {patience} i am not good at holding them

[11:43] {dino} ok

[11:43] {dino} ty

[11:43] {dino} next thinking either calls on tbt or puts on tlt

[11:45] {Threei}  lol, who would have thought yesterday this rally will fizzle out so quickly

[11:47] {Threei}  }White House} what does it take to make tyou darn wallstreeters happy??

[11:47] {dino} me

[11:48] {dino} [09:38] {dino} 21% straight up s/p; due for a pullback

[11:54] {Threei}  let's see if we get double bottom on FAS around 6

[11:54] {Threei}  ugh, not pulling back

[12:02] {dino} nite stop to .39

[12:03] {dino} out nite +.14 fl

[12:10] {Threei} Long Setup:  BAC  7 break

[12:11] {magoo} in

[12:12] {nemo} no fill

[12:12] {Threei}  come on

[12:13] {Threei}  what are you sleeping?

[12:13] {Threei}  it gave ample time

[12:13] {nemo} broke at 7.01 came back order at 7 missed, technique sucked

[12:14] {dino} when you lose, don't lose the lesson

[12:15] {Threei}  this FAS pullback is kind of defining moment

[12:15] {Threei}  if not losing .15 and jumps back up, trend for the day is likely to reverse

[12:16] {nemo} RIMM seems to have reversed

[12:16] {dino} well the fat kid trade not in force today

[12:21] {dino} hmmm no comment

[12:21] {Threei}  no clear sign of reversal

[12:21] {Threei}  can go either way from here

[12:22] {nemo} so we have a "Bi" market  or "Andro"

[12:22] {Threei}  metro

[12:22] {nemo} got me on that one

[12:23] {Threei}  up starts looking mopre likely

[12:23] {dino} fed=fat kid, he/fed has justy jumped into the pool

[12:23] {Threei}  FAS slowly making higher highs after bottoming out

[12:23] {nemo} RIMM keeps moving up

[12:24] {Threei}  BAC 1:1

[12:24] {fernp} out TY

[12:24] {Threei}  took its sweet time eh

[12:28] {Threei}  guys, remember elctronic cigarette dp showed us couple weeks ago?

[12:28] {Threei}  yeah, I forgot who I am dealing with... memory span of a day trader (read moth)

[12:29] {nemo} please...bacteria

[12:29] {dino} gmcr

[12:32] {Threei}  GE EXEC: CREDIT COSTS ARE INCREASING - INVESTOR DAY

[12:33] {Threei}  do they have scalper day?

[12:34] {Threei}  FAS looks to me like returing to .50 and most likely breaking it

[12:34] {Threei}  finding right entry is another matter

[12:34] {magoo} vad..server?

[12:34] {Threei}  pullback to .30 - .35 zone

[12:34] {Threei}  6

[12:35] {magoo} ty

[12:37] {Threei}  in .26, stop under .20

[12:41] {Threei}  oh come on

[12:43] {Threei}  half out .35

[12:44] {Threei}  something makes me feerl this time should be good for more than scalp

[12:45] {Threei}  stop .25

[12:46] {magoo} in it

[12:46] {magoo} out bac too .16

[12:46] {nemo} You're welcome guys on FAS I Magooed

[12:47] {dino} nite l .15

[12:47] {Threei}  1/4 more out .48

[12:49] {Threei}  out in full .56

[12:49] {Threei}  +.30

[12:49] {Threei}  intuition works

[12:49] {magoo} out .562 ty

[12:49] {Threei}  and waiting for the right entry

[12:49] {magoo} .52

[12:50] {jmb} Thanks Vad

[12:50] {Threei}  welcome :)

[12:51] {dino} plce

[12:59] {Threei}  US AUTO TASKFORCE: WILL HAVE SOMETHING TO SAY BEFORE 3/31 REGARDING GM AND CHRYSLER

[12:59] {Threei}  {GM F}

[12:59] {Threei}  I can take wild guess at what they will have to say

[13:04] {Threei}  FDIC'S BAIR: CONSIDERING USING THE TOTAL ASSETS HELD BY BANKS RATHER THAN DOMESTIC DEPOSITS ALONE TO SET ASSESSMENT RATES

[13:04] {nemo} finagling everything they can

[13:05] {Threei}  so now when Dodd was caught not only inserting bonuses clause but also publicly lying about it on TV,

[13:06] {Threei}  do we see him pushed out in any way?

[13:06] {Threei}  do we see senate apologizing to Liddy?

[13:06] {Threei}  and btw,

[13:06] {nemo} He is to Ct. what Kennedy is to Mass.

[13:06] {Threei}  since Tim is culpable in it,

[13:07] {Threei}  do we see prez saying "oops, I expressed all this outrage at AIG but it was my own treasury to blame"?

[13:08] {dino}  nite stopped -.16

[13:11] {Threei}  CNN line says:

[13:11] {Threei}  obesity can shorten life up to a decade

[13:11] {nemo} Sen. Chris Dodd says Treasury forced him to add language to the stimulus bill last month that specifically excluded executive bonuses included in contracts signed before the bill's passage. 

[13:12] {Threei}  so, if I don't want to see how this all ends, I can just eat myself into oblivion?

[13:12] {Threei}  double pleasure?

[13:12] {Threei}  a lot of chocolate cake

[13:12] {Threei}  fatty meat

[13:12] {Threei}  beer of course

[13:13] {Threei}  and build your socialism with me, I have already seen this movie

[13:13] {Threei}  with - = without

[13:16] {magoo} vad..the qustion for rest of day?

[13:16] {Threei}  a bit early mags

[13:16] {Threei}  can't get a feel yet

[13:16] {magoo} back to flat?crash?green/

[13:16] {Threei}  uncertain moment

[13:17] {Threei}  if NQ holding 1195 and goes above 1205, most likely flat to upward

[13:17] {Threei}  if loses 1195, all bets are off

[13:31] {dino} nite l .91 stop .78

[13:35] {dino} stopped nite done w.it

[13:47] {magoo} in anything VAD?

[13:49] {Threei}  I'd let you know, wouldn't I

[13:49] {magoo} yup

06[13:49] * Threei slaps magoo around a bit with a large roll of cash

[13:50] {magoo} multi tasking here..may miss a call

[13:52] {Threei}  OK... assumption is we mostly drift upward,

[13:52] {Threei}  looking for pullback entry

[13:53] {Threei}  considering the way pullbacks looked today, expanding much further than in a nornmal uptrend,

[13:53] {Threei}  looking for FAS entry under .40 and BAC near .25

[13:56] {dino} mant blood

[13:57] {dino} bounced .60

[13:59] {Threei}  prez on TV

[14:00] {dptl} can't beleive this..lol

[14:00] {Threei}  I am slowly getting it dp

[14:01] {Threei}  nation infected by American Idol and other reality shows got confused somewhat during an election, and accidentally voted for a TV star

[14:02] {dptl} :)

[14:02] {Threei}  no pullbacks for entry

[14:02] {Threei}  oh well

[14:04] {ese} take care everyone signing of

[14:04] {ese} off

[14:05] {Threei}  take care ese

[14:05] {dino} ughhhh missed mant for .90

[14:05] {dino} chickened out

[14:10] {dino} add another .90 to it, sheesh

[14:17] {Threei}  PIMCO'S GROSS: FED NEEDS TO RAISE THE BALANCE SHEET TO $5-6T, NEED MORE THAN THE FED BUYING TREASURIES

[14:17] {Threei}  - Note that the Fed raised its balance sheet to around $3T with their announcement yesterday; this may rise to $4T with additional TALF spending.

[14:18] {vinod} i only need one T

[14:19] {Threei}  I would be fine with it too

[14:19] {Threei}  Vice Prez on TV

[14:20] {Threei}  REMINDER: S&P QUARTERLY INDEX REBALANCE THIS FRIDAY

[14:20] {Threei}  - The quarterly share rebalance for the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices will take place at the close of business Friday, March 20, 2009.

[14:20] {dino} chicken little you mean

[14:20] {Threei}  **S&P500 Top 10 Stocks with shares to Buy: GE 11.7M, ODP 5.6M, C 4.32M, JPM 3.7M, SE 3.54M, WFC 3.5M, BAC 3.5M, MET 2.69M, CVS 2.35M, CHK 2.3M.

[14:21] {Threei}  **S&P500 Top 10 stocks with shares to Buy compared to avg. daily volume: NU, SE, ODP, FLIR, AVY SCG, DUK, CVS, BIIB, TIE.

[14:21] {Threei}  **S&P500 top 10 stocks with shares to sell: XOM -14M, ORCL -8M, HPQ -5M, PG -5M, AMGN -2.5M, EMC -2.3M, BRCM -2M, DTV -1.8M, GCI -1.7M.

[14:21] {Threei}  **S&P500 Top 10 stocks with Shares to Sell compared to avg. daily volume: XOM, PG, DGX, AMGN, RTN, CBE, APH, MBI, GCI, FISV.

[14:22] {Threei}  **Nasdaq100 Top 5 stocks with Shares to Buy compared to avg. daily volume: FLIR, VRTX, IACI, BIIB, WYNN

[14:22] {Threei}  **Nasdaq100 Top 5 stocks with Shares to Sell compared to avg. daily volume: AMGN, FISV, ORCL, DTV SIAL

[14:23] {Threei}  here are my pullbacks

[14:23] {Threei}  not sure I want them here anymore, lol

[14:24] {Threei}  [13:53] {Threei} looking for FAS entry under .40 and BAC near .25

[14:27] {nemo} Vad, did you take?

[14:28] {Threei}  no

[14:28] {nemo} Thanks...misery loves company

[14:28] {Threei}  somewhat listless movement

[14:28] {nemo} by listless, do you mean the hesitation at the bottom?

[14:29] {nemo} of FAS that is

[14:30] {dino} cpla

[14:32] {dino} boreddddddddddddd

[14:32] {Threei}  not sure how to put it in words

[14:32] {Threei}  no rythm

[14:33] {Threei}  no feeling that here is a move with normal markets to it

[14:33] {Threei}  GE CFO: DO NOT SEE SCENARIO WHERE WOULD HAVE TO RAISE EXTERNAL CAPITAL - INVESTOR DAY

[14:33] {Threei}  lol... in two weeks: oh, here it is! Now I see it

[14:34] {nemo} the situation is fluid...

[14:34] {Threei}  MAGNITUDE 7.7 EARTHQUAKE STRIKES TONGA REGION; TSUNAMI WARNING IN EFFECT

[14:34] {dino} sounds familiar

[14:34] {dino} tayd

[14:34] {Threei}  as always someone buys TAYD on this

[14:41] {dino} zzzzzzzzzzzzzzzzzzzzzz

[14:41] {Threei}  AIG

[14:41] {Threei}  US HOUSE APPROVES 90% TAX ON CERTAIN CORPORATE BONUSES

[14:42] {Threei}  retroactive?

[14:42] {nemo} of course.  It's illegal, but it's done all the time

[14:42] {dino} cpla ave .00 l sm

[14:43] {nemo} fas and bac dropping on the news hahahahahaha

[14:43] {nemo} don't think we want to play this bounce either

[14:44] {dino} they are using aig to hit legit bonuses given out by other businesses, not good

[14:44] {dino} f'ing news bites moves this market too much

[14:44] {nemo} also for Congress to cover their asses...point the anger someplace else

[14:45] {dino} yes, but this a.m. they were saying it was going to be used on most big bonuses given out in usa

[14:46] {dino} politics of envy, you got, i want it but can't get it, so i shall destroy it

[14:46] {Threei}  old soviet joke...

[14:47] {Threei}  guy is told by ginnie he can have anything he wants,

[14:47] {Threei}  the only condition attached is, neighbor get twice of the same

[14:47] {Threei}  guy's request: rip off one of my balls

[14:48] {dino} lol

[14:48] {fernp} LOL

[14:48] {dino} well, obamination says "change has come", the politicians will be the richest now

[14:51] {vinod} look like fas is going to be at yesterday's opening price 5.48

[14:51] {Threei}  btw, you know that if you have withdrawal in the evening of not seeing prez on TV for too long, you can see him on Leno tonight, right?

[14:52] {Threei}  I'll be a buyer if it goes there vinod

[14:53] {vint} can't believe FAS made 7.80 earlier today..

[14:53] {Threei}  no kidding

[14:54] {Threei}  BAC 8.5

[14:55] {Threei}  well, the idea of bounce play starts becoming enticing

[14:55] {Threei}  just don't want to jump in too soon,

[14:55] {Threei}  hate those papercuts while hunting for the bottom

[14:56] {Threei}  6.05 long if holding above 6

[14:57] {dino} cpla stopped -.25

[14:57] {Threei}  1:1

[14:57] {Threei}  out .16

[14:57] {Threei}  easy money

[14:58] {Threei}  anyone??

[14:58] {fernp} me. ty

[14:58] {Threei}  that's it... not giving you any easy money plays anomore

[14:58] {Threei}  except fern

[14:58] {Threei}  the rest gets only struggling money plays

[14:58] {vinod} too fast and miss it

[14:59] {Threei}  wow, really?

[14:59] {nemo} yeah, bounce plays for me tough

[14:59] {Threei}  what kind of broker do you use?

[14:59] {Threei}  .05 was there for quite enugh time for a click

[14:59] {vinod} fidelity

[14:59] {nemo} To you long time

[14:59] {Threei}  oohhhh

[14:59] {Threei}  okay... understand then :)

[15:00] {vinod} will get there, given time

[15:00] {Threei}  right

[15:00] {Threei}  just be careful with fast moving stocks using fidelity

[15:00] {wulff} if I don't struggle it just doesn;t feel right

[15:01] {Threei}  if caught on a wrong side and trying to exit, could turn a disaster

[15:01] {nemo} you floss with barbed wire too wulff?

[15:01] {Threei}  lol wulff

[15:01] {Threei}  my motto is, No pain? Good!

[15:01] {wulff} been there done that

[15:01] {nemo} got the t-shirt

[15:01] {vinod} what broker most use here

[15:02] {Threei}  Laser

[15:02] {Threei}  you'll see it in videos

[15:03] {vinod} thanks

[15:03] {nemo} It's on those infomercials "stock-o-matic"

[15:03] {Threei}  executions speed vs fidelity is a space shuttle vs bike

[15:03] {nemo} Mmmmhhhh....sometimes space shuttle don't land too good.

[15:05] {nemo} California Congressman Calls Maryland Home to Gain Tax Credit 

[15:06] {vinod} nemo they have wife in ca and girl friend in maryland

[15:08] {Threei}  and boyfriend in North dakota

[15:08] {nemo} oy

[15:09] {Threei}  US FED CONFIRMS EXPANDING ELIGIBLE COLLATERAL FOR TALF; NEXT ROUND OF APPLICATIONS DUE APRIL 7

[15:09] {Threei}  - WIll include auto fleet leases, mortgage servicing advances

[15:09] {Threei}  - New collateral to include securities backed by business equipment leases and laons, adds non-auto floor-plan financing

[15:09] {Threei}  - Fed also considering additional expansion of collateral eligibility.

[15:09] {Threei}  - additional details on the April funding will be released on March 24; subscriptions will be accepted on April 7 and those loans will settle on April 14.

[15:11] {Threei}  I think pencils will be acepted as colalteral on the next round

[15:11] {Threei}  andf paperclips

[15:16] {dino} well, that sucks as i'm paperless

[15:16] {nemo} mmmmhhh....kleenex works too

[15:22] {Threei}  UAW CLAIMS BONDHOLDERS REFUSING GOVT LOAN TERMS; ARE HOLDING UP DEALS WITH GM AND CHRYSLER

[15:22] {Threei}  - UAW comments that its retirees should not have to make additional sacrifices{F}

[15:22] {nemo} If GM goes out of business the government guarantees the pensions anyway

[15:23] {dino} yes

[15:23] {nemo} more bills for the unborn

[15:24] {dino} same w/banks, fdic on deposits, so why save the common?

[15:26] {Threei}  I don't feel like selloff is coming

[15:26] {Threei}  rather modets bounce

[15:26] {Threei}  modest

[15:28] {Threei} Long Setup:  FAS  .o5 if stays above 6

[15:29] {nemo} in

[15:29] {magoo} in

[15:30] {vinod} in

[15:32] {Threei}  half out or scalp here, your choice

[15:32] {nemo} scalpe

[15:32] {Threei}  out in full here

[15:32] {Threei}  +.21

[15:33] {Threei}  easy money

[15:33] {vinod} 0ut 6.25

[15:33] {Threei}  even though I promised you struggle only

[15:33] {vint} EZ money

[15:33] {Threei}  lol

[15:33] {magoo} ouit .27 TY

[15:33] {Threei}  welcome guys

[15:34] {Threei}  shaped up as a beautiful day, even though market performed like putz

[15:34] {Threei}  couple stops I think

[15:34] {Threei}  the rest is wins even though mostly scalps

[15:36] {wulff} Vad, may I ask how many trades you did today, (15 or what)

[15:36] {Threei}  around 20 I think

[15:36] {wulff} just curious

[15:36] {Threei}  can't tell from the software at once,

[15:37] {Threei}  bexcause it registers every partial as a trade

[15:37] {Threei}  and there were a lot of those

[15:37] {Threei}  but without going over whole log, intuitively feels like 15-20, yes

[15:39] {dino} out uthr .68 +.43 all dayer

[15:39] {Threei}  hmm

[15:39] {Threei}  not sure I want to try FAS ere this time

[15:39] {Threei}  4th attemp at 6

[15:39] {Threei}  feels like this time it will be broken

[15:40] {nemo} short?

[15:40] {Threei}  even third was a bit of a stretch

06[15:40] * Threei pats himself on the back, even under the risk of dislocating the shoulder

[15:41] {nemo} did an .8 short on FAS

[15:41] {Threei}  good

[15:41] {nemo} .08

[15:42] {vinod} will see you tomorrow

[15:42] {Threei}  take care vinod

[15:43] {dino} mant l .51

[15:47] {nemo} Gotta' go folks.  see ya

[15:47] {Threei}  take care nemo

[15:47] {Threei}  fern... my apology

[15:47] {nemo} Take it anyway I can get it

[15:47] {fernp} why

[15:47] {Threei}  I found another easy money play,

[15:47] {Threei}  looked you up,

[15:47] {Threei}  you weren't here

[15:47] {Threei}  so I had to give it to the rest of the room

[15:48] {fernp} oh...

[15:48] {Threei}  even though they didn't deserve anything but struggle plays

[15:48] {dptl} test.

[15:48] {fernp} lol

[15:49] {fernp} easy money like everybody

[15:50] {Threei}  must be my bad influence... people abandon atempts to speak English {G}

[15:51] {fernp} everyone likes easy money

[15:51] {Threei}  I'll be a party poopwer and say "but not everyone deservers it"

[15:53] {Threei}  a bit narrow day which explains mostly scxalps

[15:53] {Threei}  red on somewhat lower volume

[15:53] {Threei}  so maybe just a pullback

[15:54] {wulff} expiration in AM

[15:56] {Threei}  wow

[15:57] {dptl} ok...have a good evening all

[15:57] {Threei}  I seriously didn't expect to see FAS here today

[15:57] {Threei}  take care dp

[15:57] {fernp} later dp

[15:58] {Threei}  okay guysd

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a great evening

[15:58] {Threei}  see you tomorrow

[15:58] {vint} good evening all

[15:58] {fernp} good day here. TY Vad

[15:58] {Threei}  :)

[15:58] {fernp} good evening all

[15:59] {dino} out mant .63 +.12

[16:00] {dino} out isrg flat