Apr 03 2009

Somewhat strange day. Most stocks acted against normal patterns and brought nothing but stops, while momentum mover DNDN obeyed like clockwork - all calls on it were right on target, both long and short.

Session Time: Fri Apr 03 00:00:00 2009

[08:15] {Threei}  BALTIC DRY BULK INDEX -2.1% (18TH STRAIGHT DECLINE)

[08:16] {nemo} RIMM keeps going

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

[08:27] {magoo} moprning

[08:27] {nemo} morn mags

[08:28] {Threei}  magoo :)

[08:30] {Threei}  MAR UNEMPLOYMENT RATE: 8.5% V 8.5%E

[08:30] {nemo} coincided wit FAS popping

[08:30] {Threei}  *MAR CHANGE IN NONFARM PAYROLL: -663K V -660KE; CHANGE IN MANUFACTURING PAYROLLS: -161K V -162KE

[08:30] {Threei}  *MAR AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.2%E; AVERAGE WEEKLY EARNINGS: 33.2 V 33.3E

[08:32] {magoo} in line..they street was expecting worse

[08:36] {cosmo} always

[08:36] {nemo} RIMM just keeps going

[08:38] {patience} good morning RT, it is only Wednesday for those who went to the Bahamas, 2 more days of work for them

[08:40] {Threei}  Good morning, lol

[08:41] {cosmo} GILD: # Gilead says blood pressure drug met trial goalsAP(Fri 7:15am)

[08:41] {magoo} vad..easy ? here...wheres support to go long RIMM?

[08:41] {Threei}  lol

[08:41] {Threei}  at 35

[08:41] {magoo} TY :)

[08:41] {Threei}  sure :)

[08:44] {vinod} GM to all:)

[08:44] {nemo} you buyin' GM vinod?

[08:44] {pita} gm everyone

[08:45] {cosmo} we all own GM

[08:45] {Threei}  vinod, pita :)

[08:45] {nemo} another one  :)

[08:45] {vinod} Nothng buying but have 500 SRS from yesterday at 46.00

[08:48] {vinod} when you have some time lke your opinion about GLW-vad have 4000 in my IRA at $2..00 brought long ago

[08:50] {Threei}  at 2?

[08:51] {Threei}  I don't see it being at 2 ever

[08:51] {vinod} yes. my wife used to work there low was at 1.00

[08:51] {Threei}  wow

[08:51] {vinod} she got laid off in 2001

[08:51] {Threei}  I see

[08:51] {Threei}  well, this is way too long term for me... sorry, I don't have much to say about it

[08:52] {Threei}  I'd be out in, umm... 2005? :)

[08:52] {vinod} i have many stock in my IRA since 2000

[08:53] {vinod} will discuss later on off line

[08:54] {Threei}  honestly, this kind of investements is not my cup of tea...

[08:55] {magoo} vad..wheres RIMM short?

[08:55] {magoo} seriously?

[08:55] {magoo} will it give back 5 points?

[08:56] {Threei}  shrug

[08:59] {cosmo} HOLX?

[09:00] {Threei}  no fresh news

[09:00] {cosmo} k

[09:01] {cosmo} hmmm

[09:06] {larisa} good morning :)

[09:06] {Threei}  larisa :)

[09:06] {larisa} threei :)

[09:08] {Threei}  (US) FED'S KOHN: "WE'RE NOT OUT OF THE WOODS YET," BELIEVES FED MAY NEED TO DO MORE TO INCREASE THE FLOW OF CREDIT

[09:08] {Threei}  - The US economy is very weak, will likely remain that way "for a while."

[09:08] {Threei}  - Sees a risk of rising real fed funds rate, deflationary spiral

[09:08] {Threei}  - There is "incredibly large" unused capacity in the US economy.

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:16] {ese} morning

[09:16] {Threei}  ese :)

[09:16] {ese} morning vad

[09:17] {ese} any sense of the mrket yet....up, dn ?

[09:17] {Threei}  not really

[09:17] {Threei}  was up slightly, now down slightly

[09:21] {nemo} jnpr hanging their from yesterday, could be a short candidate

[09:23] {ese} have been re reading "how to scalp any market"...have a question for you....a couple of the scalp examples were for 3000 buy at .50 sell .54 etc...do you prefer those round numbers .50 and .00...because institutions focus on them

[09:24] {ese} they tend to provide significant resistant points

[09:24] {Threei}  well, most of support/resistance levels to break and trigger the trade happen to be around those

[09:24] {ese} so they are most likely to breakout a little harder?

[09:24] {Threei}  it's not often that we see alerts like "12.23 break long"... ratjer 12.20 or 12.25

[09:25] {ese} yes

[09:25] {Threei}  stocks naturally tend to foop or bottom out at those nombers rather than at .03 or .07

[09:25] {Threei}  to top

[09:26] {ese} institutional thing??

[09:26] {Threei}  nah

[09:26] {Threei}  just the weay we think

[09:26] {Threei}  way

[09:26] {Threei}  we don't assign targets for our exits at 25.63

[09:27] {Threei}  25.50 - we do

[09:27] {ese} yes

[09:27] {Threei}  so those supports and resistances get formed where we decide to exit or enter

[09:28] {dptl} good morning all

[09:28] {Threei}  dp :)

[09:29] {ese} have had the best trading 2 weeks of my life thanks to that book....have just had the courage to go with 2000/3000 shs lots and it really is safer

[09:29] {Threei}  I am really happy to hear that

[09:30] {ese} although...I cannot tell a lie i've been swing trading FITB

[09:30] {i2romantis} yes we saw that, and FITB worked out well this week

[09:30] {i2romantis} which book are you referring to, ese?

[09:32] {magoo} good dump RIMM vad

[09:32] {Threei}  [09:23] {ese} have been re reading "how to scalp any market"..

[09:32] {Threei}  need it to form something, mags

[09:32] {ese} "How To Scalp any Market ^ Profit Consistently"...vads book

[09:32] {Threei}  it's too removed from all normal points of reference

[09:33] {Threei}  without it forming new ones, it's just a crapshoot

[09:34] {ese} looking for EBAY on pullback

[09:34] {Threei} Long Setup:  FAZ  .10 break if stays above 17.95

[09:35] {Threei}  invalidated

[09:35] {Threei}  LVS... waiting for pullback and not getting it

[09:37] {i2romantis} nice DRYS move

[09:37] {ese} same with Ebay

[09:37] {ese} opps now getting it

[09:38] {Threei} Long Setup:  JNPR  17 break

[09:38] {Threei}  fro scalpers stop under .90, for day traders under .80

[09:38] {ese} Long ebay .31

[09:38] {magoo} in

[09:39] {ese} out ebay .43 +.12

[09:39] {larisa} whats with PLD

[09:39] {Threei}  no news

[09:40] {Threei}  US) WHITE HOUSE'S ROMER: THERE IS NO QUESTION THE ECONOMY IS STILL SICK, STRONG ACTION STILL NEEDED

[09:40] {Threei}  - Obama Administration policies are just starting to work, fiscal policy has a three to six month lag.

[09:40] {Threei}  US DEPT OF LABOR'S SOLIS: UNCLEAR WHEN US WILL SEE A 'TANGIBLE' IMPROVEMENT IN JOBS - CNBC

[09:40] {Threei}  hmm?

[09:41] {Threei}  starting to work - may not see improvement in jobs?

[09:41] {Threei}  I am yet to understand how that reconciles

[09:41] {cosmo} ...wit productivity

[09:41] {cosmo} with

[09:42] {dptl} in jnpr .00

[09:43] {nemo} in 

[09:44] {Threei}  RIMM

[09:44] {Threei}  pullback into .40 - .50 zone for long entry

[09:44] {Threei}  fast fingers only

[09:44] {nemo} not me then

[09:45] {magoo} pre mkt highs 63 area

[09:46] {Threei}  if you caught it, start exiting here

[09:46] {magoo} in

[09:50] {ese} L AMAT pullback .60

[09:51] {nemo} jnpr holding in nas weakness

[09:51] {Threei}  salmon

[09:51] {nemo} strong current though

[09:55] {Threei}  CBST

[09:55] {Threei}  no news...

[09:59] {Threei}  CBST drop into .40 - .50 for entry, half lot

[10:00] {Threei}  MAR ISM NON-MANUFACTURING COMPOSITE: 40.8 V 42.0E

[10:00] {dptl} stopped jnpr

[10:00] {Threei}  yeah, lost will to live

[10:01] {nemo} stopped

[10:02] {Threei}  CEDC, pullback into 14 for long entry

[10:03] {ese} out AMAT -.50 -.10

[10:04] {Threei}  nice juicy offer at .10

[10:04] {Threei}  gives us an idea for entry

[10:06] {dptl} where would be stop for cedc?

[10:07] {Threei}  under what it forms as support on this pullback

[10:07] {Threei}  LVS

[10:07] {Threei}  .66 long

[10:07] {Threei}  if holding above .55

[10:08] {nemo} cbst setting up a short vad?

[10:08] {Threei}  not suree

[10:08] {Threei}  I'd prefer long

[10:08] {nemo} big jump yesterday 

[10:09] {Threei}  everything did big jump yesterday...

[10:09] {nemo} yeah

[10:09] {Threei}  unless you set to short market today, hat's npt the reason to short any given stock :)

[10:10] {nemo} no I'm looking at the chart on LASER

[10:13] {Threei}  LVS setup changes

[10:13] {Threei}  .56 if holding above .50

[10:14] {nemo} in lvs

[10:16] {dptl} in.58

[10:17] {Threei}  not much enthusiasm...

[10:18] {Threei}  come on LVS, enough games

[10:23] {Threei}  no worky

[10:23] {dptl} stopped

[10:25] {fernp} long BAC if break .33, Vad?

[10:26] {Threei}  not sure...

[10:26] {Threei}  way too narrow today

[10:26] {Threei}  would require serious market move to give anything worthy

[10:26] {Threei}  and things fdon't seem too hot today so far

[10:26] {Threei}  ratjer like market taking a breather

[10:27] {fernp} ok thanks

[10:27] {Threei} Long Setup:  RIMM  59 break

[10:27] {Threei}  if holding above 58.80

[10:28] {dptl} in

[10:28] {magoo} in

[10:30] {nemo} in

[10:32] {dptl} ahhhh...stopped

[10:32] {nemo} stopped

[10:32] {Threei}  sidways action... not much works so far

[10:35] {nemo} jnpr building a range if we ever see strength

[10:37] {dptl} gild? short?

[10:38] {Threei}  on .50 break?

[10:38] {Threei}  could be

[10:38] {dptl} ye

[10:40] {ese} maybe   I should tell you I'm swing trading again......I know I know...it's blasphemy  but I'm Long FITB at .97...10000shs

[10:44] {ese} out .09  fitb

[10:44] {Threei}  wtg

[10:44] {ese} +.12

[10:44] {ese} tks

[10:44] {Threei}  not sure why you call it swing trading... sounds like typical scalp type I to me

[10:45] {Threei}  GILD over 1:1

[10:45] {dptl} so fast didn't get it

[10:45] {ese} bought it at the open.......holding it too long...

[10:45] {dptl} try on pulol back may be?

[10:46] {Threei}  if bounces into resistance, sure

[10:49] {dptl} ok in .48

[10:50] {dptl} stop over .60?

[10:50] {Threei}  yeah

[10:50] {dptl} ok ty

[10:53] {Threei}  sigh

[10:53] {dptl} stopped

[10:53] {Threei}  no rythm to anything

[11:01] {magoo} anyone think mkts can go green today?

[11:01] {wulff} long RIMM .90

[11:01] {Threei}  I think they will mags

[11:01] {magoo} hmmmmmm..today?

[11:02] {Threei}  yup

[11:02] {wulff} too many anxious shorts still

[11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?

[11:03] {Threei}  bears, IMO

[11:03] {nemo} bears

[11:03] {wulff} I am bull and I am nervous

[11:12] {Threei}  FAZ formed 18 - 18.20 range

[11:14] {ese} L 

[11:15] {ese} FITB .04

[11:15] {ese} 10000 shs

[11:15] {Threei}  nice

[11:15] {Threei}  ese turns ionto hardcore scalper

[11:15] {Threei}  what a transformation

[11:16] {ese} don't know about that......real tight stop though....   .02

[11:18] {dptl} cedc at .40 long??

[11:18] {Threei}  wow

[11:19] {Threei}  weren't we hunting for it between 14 and 14.10?

[11:19] {dptl} yeh 

[11:19] {Threei}  this is exit area

[11:19] {Threei}  not entry

[11:20] {dptl} crm?

[11:21] {Threei}  chart's right

[11:21] {Threei}  day is not very conducive to breakouts

[11:21] {Threei}  can't tell really

[11:21] {dptl} i see

[11:22] {dptl} i think i just trying to get all loses back as soos as posible

[11:23] {Threei}  don't push

[11:23] {Threei}  look at NQ

[11:23] {Threei}  or DJI

[11:23] {Threei}  do you see any pattern right now?

[11:23] {nemo} yeah, the patient is dead

[11:23] {Threei}  FAZ tightened range to .10 .20

[11:24] {Threei}  feels like .20 break should be tradeable

[11:24] {ese} back in about 15 min

[11:24] {Threei}  stop under .10

[11:24] {dptl} in

[11:28] {dptl} stopped

[11:29] {wulff} you said yesterday "pullback is coming in lower volume"

[11:29] {wulff} Where do you check that?

[11:30] {Threei}  in what?

[11:30] {nemo} RIM in a pretty consistent range so far

[11:30] {wulff} qqqq?

[11:30] {nemo} RIMM

[11:30] {wulff} Market...

[11:30] {Threei}  NQ... QQQQ...

[11:33] {Threei}  anyone played CEDC?

[11:33] {magoo} forgot about it

[11:33] {fernp} no here

[11:34] {nemo} nope

[11:38] {Threei}  FISV

[11:38] {Threei}  REPORTEDLY SEVERAL HUNDRED CLIENTS ARE SEEKING UP TO $1.0B FOR LOSSES DUE TO THE MADOFF SCANDAL

[11:38] {Threei}  was FISV one of feeder funds?

[11:41] {wulff} Rimm consolidating

[11:42] {Threei}  (US) PRESIDENT OBAMA: IF NATO BECOMES EVERYTHING, THAN IT IS NOTHING

[11:42] {Threei}  very Zen

[11:47] {nemo} so, does rimm go through 59 again, or just a tease?

[11:47] {wulff} my powers of tea leaves say a tease

[11:47] {nemo} so far so good wulffy

[11:48] {Threei}  NQ went green

[11:52] {Threei}  wow PALM

[11:52] {Threei}  elepet, you still have it?

[11:55] {ese} Back....and out FITB .16 +.12

[11:55] {Threei}  wtg

[11:56] {ese} tks

[11:56] {Threei}  made your monthly salary from the day job today eh?

[11:57] {ese} 1/2 of it.......thank you vad

[11:57] {Threei}  :)

[11:58] {ese} I'm buying the vodka next time!

[11:58] {magoo} vad..u watching STT?

[11:58] {Threei}  looked aqt it couple times

[11:58] {Threei}  don't like it at all

[11:59] {magoo} oh..i was thinking bouncer

[12:01] {Threei}  HIG is climbing

[12:01] {Threei}  FED CHAIR BERNANKE: PROGRAMS DESIGNED TO BE UNWOUND; CLOSELY MONITORING BANKS LEVELS RESERVES; TALF ELIGIBLE SECURITIES LIKELY TO EXPAND

[12:01] {Threei}  PLD is too

[12:01] {Threei}  no clean setups on any

[12:02] {Threei}  FED'S KOHN: THE FED WOULD LIKE TO HAVE THE OPTION TO ISSUE ITS OWN BILLS

[12:02] {Threei}  huh?

[12:02] {nemo} Paper trading or Legal tender

[12:03] {nemo} Must be debt

[12:06] {Threei}  pullbacks on PLD into .30 and on HIG into .25 would be interesting

[12:10] {Threei}  PLD says yeah right

[12:11] {nemo} watching FAZ for bottom?

[12:11] {nemo} RIMM S 59 break?

[12:11] {nemo} double bottom on Faz

[12:11] {Threei}  FAZ no

[12:12] {Threei}  market feels to me like mostly climbing

[12:13] {Threei}  HIG pulled back to .27

[12:13] {Threei}  a bit too fast for confident entry

[12:23] {Threei}  12:21pm [DNDN] Ticking higher, hearing strength attributed to scheduling of talk on Provenge results at conference

[12:25] {dptl} pld?

[12:26] {Threei}  canb't find any setups to read

[12:26] {Threei}  general direction is more or less readable, entries aren't

[12:31] {magoo} aapl read here vad?

[12:31] {Threei}  wow DNDN

[12:31] {magoo} if mkts go up i like it

[12:32] {Threei}  you said it

[12:32] {Threei}  what can I add

[12:33] {Threei}  I'll be darned, DNDN looks like going to 6

[12:34] {Threei}  ese... any new entry on FITB coming?

[12:35] {ese} hi vad........not sure.....wasn't watching...was doing up a math exam for one of my classes this afternoon

[12:36] {Threei}  DNDN... any questions? lol

[12:36] {Threei}  anyone just went for it?

[12:36] {ese} sold NVDA today as well  for $3000 ...you may remember that I bought that back in October.....

[12:37] {dptl} cat?

[12:37] {Threei}  yes, remember NVDA

[12:37] {ese} been a $5000 and a bit day

[12:37] {Threei}  6 on the nose DNDN

[12:37] {Threei}  and above

[12:37] {nemo} going for 7 or 8?

[12:37] {Threei}  don't know... 6 was very clear

[12:38] {dptl} cat?

[12:38] {Threei}  it just goes iwht market dp

[12:38] {dptl} ok ty

[12:40] {Threei}  strong pullback DNDN

[12:41] {ese} Vad.....I like to enter FITB after those long consolidations you make note of in the scalping book...ie from 11:00am to 11:34

[12:42] {ese} this morning

[12:42] {ese} sorry market time not victoria time

[12:50] {Threei}  these sudden spikes on FITB after pullbacks indicate that it's far from over, IMO

[12:51] {Threei}  DNDN stabilized

[12:51] {magoo} where u likeentry long?

[12:51] {Threei}  I'd say 5.60 break if holding 5.50

[12:51] {magoo} i meant FITB

[12:52] {Threei}  don't know on FITB

[12:53] {Threei}  but DNDN is over 1:1

[12:53] {Threei}  1:2 I mean

[12:55] {Threei}  I mean 1:3

[12:58] {Threei}  if I say "I mean 1:4", any furniture will be thrown at me?

[12:58] {nemo} too far away....

[12:58] {nemo} I'll send you a virus laden jpg

[12:58] {Threei}  anyone took it?

[12:59] {ese} can you actually put a virus in a jpeg?

[12:59] {nemo} Magoo Ill bet

[12:59] {nemo} yes ese

[12:59] {nemo} when you click on a jpg to view it, you're actually executing a program

[13:11] {magoo} vad..any read skf down here?

[13:14] {Threei}  nah

[13:22] {vint} good afternoon all, looks like I missed some fun

[13:23] {Threei}  not really vint

[13:23] {Threei}  tough to read day

[13:23] {nemo} basically a "flossing with barbed wire" morning

[13:23] {vint} so it is one of those Fridays..i guess

[13:24] {Threei}  yes, unless you caught those couple nice winners that were all but easy to catch

[13:26] {Threei}  hmmm... I thought DNDN was done

[13:27] {ese} signing off....have a great weekend all....

[13:27] {Threei}  take care ese, great job today

[13:28] {magoo} RIMM vad??

[13:29] {Threei}  no idea

[13:30] {magoo} GS??

[13:31] {Threei}  SEC: EVALUATING TWO OPTIONS SIMILAR TO THAT OF THE UPTICK RULE; WILL VOTE ON PROVISIONS ON APRIL 8

[13:31] {Threei}  - Also considering options on retricting short sales

[13:31] {Threei}  mags, what are you doing?

[13:32] {Threei}  you really want me to start calling them all left and righta?

[13:32] {magoo} just want u take a look at them

[13:32] {magoo} give opinion

[13:32] {larisa} vad???

[13:33] {Threei}  how about this:

[13:33] {Threei}  I'll see you all on Monday

[13:33] {magoo} i think RIMM takes 60

[13:33] {larisa} just wanted to make you nervous with all these question marks :)

[13:33] {Threei}  that's what they do

[13:33] {larisa} exactly

[13:33] {larisa} need to use them carefuly, both ?? and !!

[13:35] {Threei}  trades either come to us or not. Last thing you need is to pressure me into calling what is not there

[13:36] {vint} I agree ..I had forced trade ahter hrs on RIMM..and burnt my fingers dearly

[13:36] {vint} yesterday

[13:36] {Threei}  short?

[13:36] {vint} yep

[13:37] {Threei}  ouch

[13:37] {vint} was too eager to jump on

[13:37] {vint} big lesson learned

[13:37] {nemo} Hey Vad, just asking for education, I see a short on RIMM if it falls below .80 but long if it goes over 60

[13:37] {Threei}  arbitrary picking tops or bottoms...

[13:37] {magoo} i had i long after hours 51 cut 54..but way early

[13:38] {Threei}  looks right to me, nemo - providing market supports at the moment

[13:38] {nemo} yes, thanks, 

[13:39] {Threei}  DNDN formed same setup once again

[13:39] {Threei}  5.50 - 5.60

[13:40] {nemo} that would be 3 times to the well

[13:40] {dptl} in dndn .63

[13:40] {Threei}  it hit 1:1 while you were typing that, nemo {G}

[13:41] {nemo} well, today is officially my fault

[13:42] {nemo} just got rejected short selling rimm, huh

[13:42] {nemo} wrong routing

[13:43] {Threei}  ?

[13:43] {Threei}  how did you route it??

[13:43] {nemo} tried GETCO...bad idea

[13:45] {Threei}  DNDN over 1:1

[13:46] {nemo} GILD moving too

[13:46] {Threei}  this is third call on DNDN, all winners

[13:47] {Threei}  granted, first one was tough

[13:47] {Threei}  pure intuitive, no technical criteria

[13:47] {nemo} yeah, you didn't actually call that

[13:47] {Threei}  but second and third were clean

[13:47] {nemo} You said, I think, "Did anyone...."

[13:47] {nemo} can't argue with the second 2 also, if it clears .80 back in volume supported of course

[13:48] {Threei}  don't think... copy/paste:

[13:48] {Threei}  [12:33] {Threei} I'll be darned, DNDN looks like going to 6

[13:48] {dptl} out .74 ..ty

[13:49] {nemo} Now, RIMM is headed for sixty, kinda' but pretty verticle, would it be better to see some consolidation under 60 first?

[13:50] {Threei}  of course

[13:51] {Threei}  don't buy into spike into resistance

[13:53] {nemo} jnpr

[13:53] {nemo} no volume though

[13:54] {Threei}  if DND takes .80

[13:54] {Threei}  most likely to go over 6 at some point today again

[13:54] {Threei}  DNDN that was

[13:54] {Threei}  entry here is scary

[13:54] {nemo} yep

[13:54] {Threei}  but if gives us a pullback

[13:54] {dptl} still have 100 sh

[13:54] {Threei}  will be worth considering again

[13:55] {Threei}  try to hold them

[13:55] {Threei}  not much damage if drops

[13:55] {Threei}  I mean... 13 bucks?

[13:56] {Threei}  over 1:2 btw

[13:57] {dptl} getting rimm at 60?

[13:58] {Threei}  if market spikes, worth a try

[14:00] {_george70} hi

[14:00] {Threei}  hi george

[14:00] {nemo} curious george-about the trading room?:)

[14:01] {Threei}  DND, clearing .85 this time should take it to new range between .90 and 6

[14:01] {Threei}  DNDN

[14:01] {dptl} in rimm

[14:02] {Threei}  I don't see much help from NQ at the moment

[14:03] {Threei}  I ptrefer this kind of plays on market spike and little delay for entry on your stock

[14:03] {Threei}  DNDN is working hard

[14:04] {dptl} ahh....stopped...feels like i don't know what i am doing anymore

[14:04] {dptl} rimm that is

[14:04] {nemo} it was a trap

[14:05] {Threei}  [13:58] {Threei} if market spikes, worth a try

[14:05] {Threei}  why ignore the condition attached?

[14:05] {dptl} well..it looked like it was coming up and rim slowly broke

[14:06] {Threei}  you want the lag play for these cases

[14:06] {Threei}  WHITE HOUSE ADVISOR GOOLSBEE: NEW CEO HENDERSON 'EMBRACING' NEW CHANGE IN DIRECTION FOR THE COMPANY

[14:06] {Threei}  anyone kniows what that new direction is?

[14:07] {nemo} liquidation?

[14:07] {Threei}  gallow humor

[14:07] {nemo} jnpr has been salmoning again, kinda'

[14:08] {Threei}  if it's "make small green cars whether people want to buy them or not" - that's what will finish GM off

[14:11] {larisa} green is color of hope :)

[14:11] {nemo} it's the color you turn when you're seasick too

[14:14] {Threei}  FAZ... poor thing has no bottom

[14:15] {Threei}  weird... looked like they would meet with FAS somewhere around 1-12

[14:15] {Threei}  now it's more like 8

[14:15] {Threei}  maybe 9

[14:18] {nemo} FAS forming C&H over last week

[14:19] {magoo} faz dishes out pain

[14:19] {nemo} hehehehehe

[14:20] {dptl} dndn

[14:25] {Threei}  F EXEC: IT IS PREMATURE TO EXPECT AN AUTO INDUSTRY RECOVERY THIS MONTH

[14:25] {Threei}  this mopnth?

[14:25] {nemo} fas looks like it might be topping

[14:25] {magoo} sheesh

[14:26] {Threei}  who expected that anyway?

[14:26] {Threei}  lol

[14:28] {magoo} vad quoteserver?

[14:29] {Threei}  7

[14:29] {magoo} ty

[14:29] {Threei}  FAZ new 52 low

[14:29] {Threei}  FITB is going to break .20

[14:36] {Threei}  if I were smart today, we would have entered FITB around .10 with 5-10K shares

[14:36] {Threei}  and let trade for .20 break

[14:36] {Threei}  but I today am anaything but

[14:36] {Threei}  excpet for DNDN trades

[14:37] {magoo} financialsstrong today

[14:39] {Threei}  GM CEO: BANKRUPTCY HAS NOT BEEN RULED OUT - FT

[14:39] {Threei}  - Note: Recently GM has noted there are many ways forward including pre-packaged bankruptcy, and willing to consider bankruptcy if they cant restructure out of court

[14:40] {Threei}  where is dino... when in thw fall GM said suddenly "bankruptsy is not an option" we yelled in unison "that's the end of GM"

[14:41] {larisa} he is smart and playing golf today:)

[14:42] {Threei}  gues with whom

[14:42] {Threei}  my bet is, with Rick Wagoner

[14:42] {larisa} lol

[14:42] {Threei}  who is smart too, and has all the time for golf he needs now

[14:43] {nemo} jnpr came all the way back and is up

[15:00] {Threei}  DNDN!

[15:00] {Threei}  no read from here dp

[15:00] {Threei}  feel free to exit as you see fit

[15:01] {Threei}  that was CNBC mention

[15:01] {dptl} amm......

[15:01] {Threei}  this kind of things can wear off quickly

[15:01] {nemo} just a minute ago

[15:02] {nemo} need to keep an eye on it as a short

[15:02] {dptl} dont know what to say.......i was out   earlier 

[15:03] {dptl} can't beleive this

[15:03] {Threei}  I thought we agreed you are holding last shares with original stop'

[15:03] {Threei}  which was never hit

[15:04] {Threei}  [13:54] {dptl} still have 100 sh

[15:04] {Threei}  [13:55] {Threei} try to hold them

[15:04] {Threei}  [13:55] {Threei} not much damage if drops

[15:04] {Threei}  [13:55] {Threei} I mean... 13 bucks?

[15:04] {dptl} i was...and then it second time touched .63 i got out

[15:04] {Threei}  US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT EXCHANGE

[15:06] {dptl} ah....need a break or somthing

[15:06] {nemo} see a short here on DNDN

[15:06] {Threei}  I don't

[15:06] {Threei}  not yet

[15:06] {Threei}  it consolidates near the high

[15:07] {Threei}  US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT FOR EQUITY EXCHANGE REQUIRED TO AVOID BANKRUPTCY AND MOVE FOWARD ON FIAT ALLIANCE

[15:07] {Threei}  - Reminder the Fiat CEO recently commented that the alliance would allow US loans to repaid faster

[15:08] {Threei}  OK, now that it retreated, watch for bounce back closer to high,

[15:08] {nemo} and then short the top of that

[15:08] {Threei}  then breaking 6.10 for a short trigger

[15:08] {Threei}  or what you said

[15:09] {Threei}  depending on agressiveness

[15:09] {nemo} why .10?

[15:09] {Threei}  that was support on first drop

[15:09] {Threei}  kind of runied that setup now

[15:09] {Threei}  ruined

[15:09] {Threei}  too volatile for exact entries

[15:10] {Threei}  amazing it gave us those two setups with merely 10 cents range

[15:11] {nemo} set up back?

[15:12] {Threei}  no

[15:12] {Threei}  quite muddy here

[15:12] {nemo} yeah, where'd that spike come from

[15:13] {nemo} you're upside down BB bottom

[15:17] {Threei}  a lot of pressure in it

[15:18] {Threei}  hate shorting this kind of runners while they are hot

[15:18] {nemo} Ehh...just short a few thousand over the weekend

[15:18] {nemo} NOT

[15:27] {Threei}  looks like cooling down

[15:27] {Threei}  .20 break short if stays under .30

[15:30] {dptl} in .18

[15:30] {nemo} broke too fast

[15:30] {Threei}  over 1:1

[15:36] {magoo} like 4:1

[15:36] {Threei}  DNDN

[15:36] {Threei}  RESPONDS TO MARKET RUMORS; UNCLEAR WHY STOCK HAS PERFORMED AS IT HAS

[15:36] {Threei}  rofl

[15:36] {nemo} guess when it consolidated for a moment above .10 was another entry...sheesh

[15:37] {Threei}  this one I played like violin today

[15:37] {Threei}  too bad that was the only one, lol

[15:37] {Threei}  dp... tell me you just covered it

[15:37] {Threei}  or still haven't

[15:40] {dptl} Vad....don't ask....today i did all posible mistakes....banging my self at the table ....i got out at brake even??????? don't know why

[15:41] {Threei}  AFFIRMS PLANS TO RELEASE DATA BY END OF APRIL

[15:41] {Threei}  - Notes it has no new data for its Provenge vaccine

[15:42] {Threei}  if there is no new data, what is it they plan to release?

[15:43] {nemo} James  Dendreon secured a late-breaker presentation slot for the Provenge study at the American Urological Association annual meeting, April 25-30.

[15:43] {nemo} A late-breaker presentation is offered for clinical trials or other research that are completed and submitted after the deadline for regular abstract submission is passed. While late-breaker presentation slots are usually reserved for important or high-profile research, they ARE NOT reserved solely for positive research. I have personally sat through many late-breaker presentations of failed clinical trials. In science, you can often learn 

[15:43] {nemo} Since we already know that the Provenge data will be released later this month, the fact that the results will be presented at a scientific meeting at the end of the month doesn't tell you a whole lot about whether Provenge works or not. 

[15:46] {Threei}  what is that?

[15:46] {nemo} lifted from blogs on TSCM

[15:46] {Threei}  oh boy

[15:46] {nemo} columnists.  It might be much ado about nothing

[15:47] {nemo} guy name Adam Feuerstein-biotech guy (supposedly)

[15:49] {Threei}  so far, market consolidates for rally continuation

[15:49] {wulff} not too often you have said that

[15:49] {Threei}  barring news, next week should be just that

[15:50] {Threei}  well... how long was it since we had anything remotely reminding rally... :)

[15:50] {nemo} yesterday

[15:51] {dptl} wheuuuu...out mga +.44.......almost flat...saved the day..but ......

06[15:52] * Threei slaps dptl around a bit with a large list of mistakes he already made and doesn't have to repeat on monthly basis

[15:53] {dptl} yeah...can i get that slap on daily basis,so i can remeber lol

[15:55] {fernp} have a nice weekend all. see you on monday

[15:55] {wulff} banks really strong, but index up small

[15:55] {wulff} dow and NQ

[15:55] {Threei}  take care fern

[15:55] {Threei}  yes wulff

[15:55] {Threei}  breather day

[15:56] {Threei}  less volume, no new highs, but finishing in greeen

[15:56] {Threei}  putting bears on a very short leash

[15:57] {wulff} FAz at new low

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

[15:57] {Threei}  take care dp

[15:58] {Threei}  [11:01] {magoo} anyone think mkts can go green today?

[15:58] {Threei}  [11:01] {Threei} I think they will mags

[15:58] {Threei}  [11:01] {magoo} hmmmmmm..today?

[15:58] {Threei}  [11:02] {Threei} yup

[15:58] {wulff} bank squeeze at close

[15:59] {Threei}  [11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?

[15:59] {Threei}  [11:03] {Threei} bears, IMO

[15:59] {larisa} see you monday guys :)

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good weekend

[16:00] {magoo} ty all

[16:00] {Threei}  see you on Monday for rally continuation

[16:00] {nemo} P&Q

[16:00] {wulff} Later.