Apr 07 2009

That was really trying day. Nothing happened all too long - win here, stop there, FAS, WFC, RIMM, FAZ, GS, UAUA... Took a lot of time to finally get our play for +70 on RIMM and finish the day in the green. 

Session Time: Tue Apr 07 00:00:00 2009

[07:55] {Threei}  PIMCO'S EL-ERIAN: AMERICAN CONSUMER WILL RETURN, BUT IN A MORE RESTRAINED FASHION; GOVERNMENT BONDS ARE "NOT WORTH OWNING" -CNBC

[07:55] {Threei}  - Unemployment is "Not a backward indicator"

[07:55] {Threei}  - Reiterates that PIMCO remains very underweight on equities. Fears pepole are getting "sucked in" to equities after seeing big 25% increases.

[07:55] {Threei}  - Would not be surprised if equities retested lows.

[07:55] {Threei}  - Mortgage-backed, corporate and muni bonds are attractive.

[07:55] {Threei}  - Fed's corporate paper program has been successful.

[08:24] {larisa} good morning :)

[08:25] {Threei}  larisa :)

[08:25] {larisa} threei :) 

[08:26] {Threei}  F gapped down into 3.50 support

[08:27] {Threei}  will be interesting for open break play if copnsolidates close to it

[08:27] {Threei}  tight stop, and nice potential if market regains strength

[08:37] {cosmo} SPIL

[08:37] {Threei}  RU) RUSSIAN CENTRAL BANK: STEPS TOWARDS THE CREATION OF A BAD BANK ARE STILL POSSIBLE

[08:37] {Threei}  sure... but they seem to be creating themselves quite well

[08:38] {Threei}  VVUS

[08:38] {Threei}  LAZARD INITIATES VVUS WITH BUY

[08:39] {nemo} gm all 3i

[08:39] {Threei}  nemo :)

[08:41] {cosmo}  SPIL has announced Monday after the close, up revenues of 29% for March,

[08:41] {cosmo} month over month

[08:42] {cosmo} careful...Cramer

[08:42] {Threei}  and

[08:42] {Threei}  04/06/09 06:15pm [SPIL] Positve Mad Money Mention - CNBC

[08:42] {cosmo} :)

[08:42] {cosmo} sigh

[08:43] {Threei}  VP BIDEN ADVISOR ALTMAN: GM BANKRUPTCY COULD TAKE A YEAR AND A HALF

[08:43] {Threei}  to start? or to end?

[08:44] {patience} good morning RT  :)

[08:45] {Threei}  patience :)

[08:48] {Threei}  HIG??

[08:48] {nemo} Everybody expected the rally, so it's hiding

[08:49] {Threei}  what the hell just happened on HIG?

[08:49] {pita} gm all

[08:49] {Threei}  pita :)

[08:49] {nemo} somebody hit the buy button accidentally...I understand

[08:49] {Threei}  that ought to be one fat finger

[08:50] {Threei}  anyway, yesterday's high is 9.52, and there is a big sell order at .54

[08:50] {Threei}  something to watch

[08:55] {Threei}  BROADPOINT AMTECH POSITIVE ON AEROSPACE AND DEFENSE SECTOR

[08:55] {Threei}  - Firm believes LMT, GD, and RTN all have further upside from current levels based on the program decisions released by Gates. A recovery to a P/E multiple of 10x calendar 2010 estimates is very reasonable.{LMT GD RTN}

[08:58] {fernp} Hello everybody

[08:58] {Threei}  fern :)

[09:00] {Threei}  GM

[09:00] {Threei}  IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC

[09:00] {Threei}  now?

[09:00] {nemo} such a diplomat

[09:00] {Threei}  dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked

[09:06] {Threei}  6.20 is FAS support from two days before yesterday

[09:10] {cosmo} DNDN again?

[09:10] {Threei}  shrug

[09:11] {cosmo} gotcha

[09:11] {Threei}  speculation on upcoming FDA ruling

[09:11] {Threei}  get caught in it long if FDA says no, make sure wife doesn't see your trading account statement for a year

[09:11] {cosmo} 7.35 spike

[09:12] {Threei}  or you are in the dighouse

[09:12] {Threei}  doghouse

[09:13] {cosmo} she's in the doghouse already for her real estate habit...

[09:13] {Threei}  ah... well, that could be her get out of jail card then

[09:13] {Threei}  my favorite part from DNDN statement:

[09:14] {Threei}  affirms plans to release data by end of April

[09:14] {Threei}  - Notes it has no new data for its Provenge vaccine, notes it remains unclear whether it will present any data or not at the conference.

[09:14] {Threei}  yes, no and maybe in one line

[09:14] {Threei}  beauty

[09:18] {ese} good morning

[09:18] {Threei}  ese :)

[09:19] {Threei}  so far on watch

[09:19] {Threei}  FAS and F, both gapped down into support

[09:20] {Threei}  HIG

[09:20] {Threei}  WFC. forms pre-market C&H

[09:20] {Threei}  with 14.80 being break level

[09:20] {ese} funny first statement... says,,,"Topic set by Threei!Reality..."TRAGIC"  whats that all about vad....something your not telling us?

[09:21] {Threei}  hmm?

[09:21] {vinod} good morning to all

[09:21] {Threei}  vinod :)

[09:21] {dino} gm all

[09:21] {ese} whats so  vin

[09:21] {Threei}  dino :)

[09:22] {Threei}  topic I set is at the blue bar

[09:22] {elepet} good morning

[09:22] {ese} ele

[09:24] {cosmo} BLUD pre mkt high = 26  fwiw

[09:24] {Threei}  elepet :)

[09:24] {cosmo} 26.29 spike

[09:26] {Threei}  [08:26] {Threei} F gapped down into 3.50 support

[09:26] {Threei}  [08:27] {Threei} will be interesting for open break play if copnsolidates close to it

[09:26] {Threei}  [08:27] {Threei} tight stop, and nice potential if market regains strength

[09:27] {Threei}  same for FAS if holding .20

[09:27] {dptl} good morning

[09:27] {Threei}  dp :)

[09:28] {magoo} sfmsjf;k';ptb;kjsFJ:

[09:28] {Threei}  you think?

[09:28] {ese} mornin dp

[09:28] {Threei}  oh, btw, dino... you'll enjoy this:

[09:28] {Threei}  [09:00] {Threei} IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC

[09:28] {Threei}  [09:00] {Threei} now?

[09:28] {Threei}  [09:00] {nemo} such a diplomat

[09:28] {Threei}  [09:00] {Threei} dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked

[09:29] {dino} lol, same old same old, just like banks didn't need to raise capital

Session Close: Tue Apr 07 09:29:15 2009

Session Start: Tue Apr 07 09:29:30 2009

Session Ident: #discussions

03[09:29] * Now talking in #discussions

[09:29] {Threei}  eqzaktly

[09:30] {Threei} Long Setup:  WFC  .80 break if stays above .70

[09:31] {Threei}  bounce candidate now off .50

[09:31] {Threei}  .60 break ,ong

[09:31] {Threei}  if holding .50

[09:33] {Threei}  quick 1:1

[09:34] {magoo} out .71 TY

[09:34] {Threei}  let's see if we get double bottom on FAS

[09:35] {Threei}  want littgle pullbacl, holding .20, then break of the high of this bounce

[09:35] {Threei}  come on FAS, one more little pullback please

[09:36] {Threei} Long Setup:  FAS  .27 if holding .20

[09:36] {Threei}  good boy

[09:36] {Threei}  1:1

[09:36] {Threei}  half out

[09:36] {magoo} missed

[09:36] {nemo} missed

[09:37] {Threei}  more weakness in the market

[09:37] {Threei}  stop to .24 for the balance

[09:38] {Threei}  awww

[09:38] {Threei}  F got away

[09:38] {Threei}  what a bounce

[09:39] {nemo} RIMM diving

[09:39] {Threei}  ZIXI

[09:39] {Threei}  SELECTED BY HOUSTON HEALTHCARE FOR EMAIL ENCRYPTION SERVICE

[09:39] {Threei}  Chaeron's favorite stock

[09:39] {Threei}  this and LULU

[09:39] {Threei}  both because of Mopassan-sounding names

[09:41] {Threei}  out FAS

[09:42] {Threei}  maybe just a shake but it's unclear here

[09:42] {Threei}  want to wait it out

[09:42] {magoo} down 150

[09:42] {magoo} 30 comp

[09:42] {Threei} Long Setup:  WFC  .70 break if holding above .60

[09:43] {dptl} in

[09:43] {magoo} in

[09:45] {magoo} 'keep eye RIMM vad

[09:45] {Threei}  (US) REPORTEDLY US PRES OBAMA IS MAKING SURPRISE VISIT TO IRAQ (LEFT TURKEY EARLIER IN EUROPEAN SESSION)

[09:47] {ese} l fnfg .50

[09:48] {Threei}  F fast drop

[09:50] {ese} out fnfg .65 +.15

[09:51] {nemo} ese been enfuego

[09:51] {dptl} stopped wfc

[09:51] {Threei}  WFC no worky this time

[09:51] {ese} whats enfuego?

[09:52] {Threei}  RIMM is almost read

[09:52] {Threei}  .60 break long

[09:52] {Threei}  if stays above .40

[09:53] {nemo} too fast

[09:53] {magoo} in

[09:53] {nemo} what you in a magoo

[09:53] {magoo} rimm

[09:53] {nemo} at what price

[09:53] {magoo} .63

[09:54] {magoo} [09:52] {&Threei}  RIMM is almost read

[09:54] {nemo} fast fingers

[09:54] {magoo} [09:52] {&Threei}  .60 break long

[09:54] {nemo} yeah saw it couldn't grab it

[09:54] {magoo} lucky u

[09:56] {Threei}  so far forms double bottom

[09:56] {magoo} need mkt 

[09:56] {Threei}  as always

[09:56] {magoo} yup

[09:57] {magoo} only half lot here

[09:57] {ese} LSCHW .65

[09:58] {Threei}  holding better on this market pullback

[09:58] {Threei}  come on

[09:58] {Threei}  this time should be it

[10:00] {Threei}  APRIL IBD/TIPP ECONOMIC OPTIMISM: 49.1 V 45.8E

[10:00] {Threei}  optimism pours overboard

[10:00] {Threei}  nice to see

[10:01] {Threei}  GS CEO: EXECUTIVE COMPENSATION SHOULD DISCOURAGE EXCESSIVE RISK TAKING

[10:01] {Threei}  fiiinally

[10:01] {Threei}  over 1:1, half out

[10:02] {Threei}  scalpers take profit

[10:02] {Threei}  RIMM sure took its sweet time

[10:02] {Threei}  stop to .55 for the balance

[10:03] {Threei}  ese

[10:04] {Threei}  you may want to look at F

[10:04] {Threei}  moves somewhat in a way that atracted you to FITB

[10:06] {Threei}  scalpers win on RIMM

[10:06] {ese} tks will do

[10:07] {nemo} fas heading for support

[10:07] {pita} next support RIMM?

[10:07] {Threei}  HIG is getting interesting

[10:07] {Threei}  RIMM's support is still .40

[10:08] {Threei}  never violated it

[10:08] {ese} want schw to get it's &^%&^ up there

[10:08] {Threei}  in fact it forms the same setup once again

[10:09] {Threei}  invalidated now

[10:09] {Threei}  don't touch RIMM for now

[10:12] {dino} ice up

[10:13] {dino} amed wants green

[10:13] {dino} watch afam off it, imo

[10:13] {dino} cb, trv holding

[10:14] {Threei} Long Setup:  UAUA  .80 break

[10:14] {cosmo} FAS holds 6.20 so far

[10:14] {Threei}  stop under .70

[10:14] {ese} bought some more schw avg .63

[10:14] {Threei}  for extreme scalpers under .75

[10:14] {dptl} in

[10:15] {dptl} uaua

[10:16] {nemo} hig

[10:16] {Threei}  HIG stalled a bit

[10:17] {Threei}  .80 is resistance to break, but it doesn't look too jazzed at the moment

[10:17] {vint} good morning all

[10:18] {Threei}  vint :)

[10:18] {nemo} out uauau

[10:19] {cosmo} FAS range = 6.20 - 6.35  fyi

[10:20] {dino} 7776, 1252, 811 thurs gaps

[10:21] {Threei}  market feels ready to reverse to the upside to me

[10:22] {cosmo} FAS tests 6.35 hod soon

[10:22] {Threei}  RIMM

[10:22] {Threei}  .10 break long

[10:23] {Threei}  stop under .90

[10:23] {dptl} in

[10:23] {dino} sm l afam .67

[10:24] {magoo} in rimm

[10:25] {Threei}  1:1

[10:25] {Threei}  half out'

[10:25] {dptl} out ty

[10:25] {Threei}  scalpers know what they want from life

[10:26] {cosmo} blud?

[10:26] {cosmo} nah

[10:26] {larisa} so thin, was looking at it under 24 and could not :)

[10:26] {Threei}  stop to .05 for RIMM balance

[10:27] {dino} schw l .55

[10:27] {dino} joining you es

[10:27] {magoo} wfc back to high

[10:27] {Threei}  argh

[10:27] {Threei}  forgot about WFC

[10:28] {Threei}  .65 break was clean long trigger

[10:28] {Threei}  fas

[10:29] {Threei}  C... hate to chase this high, and not getting any meaningful pullback

[10:30] {nemo} akam

[10:31] {magoo} read AAPL vad?

[10:32] {Threei}  long

[10:32] {Threei}  no exact trigger

[10:32] {dino} bulls on parade

[10:34] {nemo} another trigger on RIMM above .35?

[10:34] {dptl} Vad you still in uaua?

[10:34] {Threei}  yes

[10:34] {Threei}  getting tired of it though

[10:34] {Threei}  maybe scratch it

[10:34] {dptl} yeah

[10:34] {Threei}  mostly to free hands

[10:35] {Threei}  PLD

[10:35] {Threei}  this thing tends to sit quietly, then climb big

[10:36] {Threei}  if market does of course

[10:36] {Threei}  .60 - .70 range

[10:36] {dino} afam gap filled from thurs

[10:37] {Threei}  look who is back in play... JNPR

[10:43] {dino} blud fast drop

[10:43] {cosmo} blud, spil done imo

[10:44] {dino} you in?

[10:45] {cosmo} n

[10:46] {larisa} AMLN nice chart today

[10:46] {dino} taking a small drink of blub .70

[10:47] {dino} blud

[10:47] {larisa} :)

[10:48] {Threei}  JNPR... just when I started typing alert

[10:48] {Threei}  GM

[10:48] {Threei}  IN INTENSE, EARNEST PREPARATIONS FOR POTENTIAL BANKRUPCY FILING

[10:48] {Threei}  {F}

[10:48] {Threei}  GS CEO: MONEY GRANTED TO WALL STREET WAS NEVER MEANT TO BE PERMANENT, FIRMS HAVE OBLIGATION TO PAY BACK FUNDS ASAP

[10:49] {dino} indeed otherwise obamination will tell you what to do

[10:49] {nemo} Yeah, but who knows exactly how much they got, and how will AIG ever pay anything back

[10:49] {dino} aig is now usaig

[10:51] {Threei}  but dino... they run into problems trying to return the money

[10:51] {Threei}  government doesn't want to take it back

[10:51] {dino} i know congress wants to rule them

[10:51] {cosmo} yea...nobody wants it

[10:52] {dino} massive liberal power grab (no free lunch)

[10:52] {Threei}  under the wise sounding cover of "antibiotics have to work their way fully"

[10:52] {nemo} RIMM maybe test support

[10:52] {Threei}  amazing isn't it

[10:53] {Threei}  I know this method of gaining control from whose do you think methods?

[10:53] {Threei}  mafia

[10:53] {nemo} mafia

[10:53] {nemo} hehehehe

[10:53] {Threei}  neno knows stuff

[10:53] {Threei}  :)

[10:53] {nemo} I'm a guinea, what can I say

[10:54] {dino} lol

[10:55] {dino} and i am McDino

[10:55] {nemo} I'm half mc too

[10:55] {nemo} worst of both worlds

[10:56] {Threei}  we got the timing of market reversal right, but I can't say I am fully happy with how we utilized it

[10:56] {ese} Schw just hangin there and doin nutun but driving me nuts

[10:56] {Threei}  RIMM was nice, but missed WFC completely

[10:56] {Threei}  missed JNPR

[10:56] {dptl} stopped uaua

[10:56] {Threei}  I thought you scratched it long ago

[10:57] {Threei}  while it hanged out right under .80

[10:57] {dptl} well kept original stop

[10:57] {Threei}  f

[10:58] {Threei}  likely to lose .50 this time

[10:58] {dino} schw es, hard stop, forget it and let it trade imo

[10:58] {Threei}  watching for possible panic selling

[10:58] {nemo} lot of toppy charts out their

[10:58] {dptl} not shorting though? f

[10:59] {Threei}  could be but just for a smallscaklp most likely

[10:59] {dptl} i see

[10:59] {Threei}  overall, feels like more promising on a long side

[11:00] {dino} blud stopped -.33

[11:02] {Threei}  SEC will announce their new shorting rules tomorrow

[11:02] {Threei}  yet market is not in a mad rush to cover

[11:03] {Threei}  most likely non-event

[11:03] {Threei}  but be aware of possible execution problems while brokers adjust their software

[11:05] {pita} next support RIMM?

[11:06] {magoo} .30 area is resistance rimm

[11:07] {Threei}  at the moment, 61... next 60.80

[11:09] {dino} chtt sm l .99

[11:11] {dino} blud blood

[11:11] {wulff} expected if it were going to sell off

[11:12] {wulff} it would have already

[11:12] {nemo} fas a short if it breaks .44?

[11:12] {nemo} or FAZ a long...

[11:12] {Threei}  I'd rather go with FAZ

[11:13] {Threei}  a bit more room for profit

[11:14] {Threei}  1 cent downtick FAS, 6 cents uptick FAZ

[11:16] {dino} ice strong today, delayed reaction

[11:22] {pita} PLD?

[11:22] {Threei}  not sure... things stalled

[11:23] {Threei}  (GE) GERMAN PRESIDENT SIGNS LAW PERMITTING FORCED NATIONALIZATIONS OF BANKS

[11:25] {ese} finally!!!! schw

[11:26] {ese} baaaaa humbug..

[11:26] {Threei}  nothing really happens... meaningless up and down within very narrow range

[11:27] {ese} yup.......see you all in an hour and a bit....have to go and teach a class

[11:27] {Threei}  we'll be here

[11:28] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:29] {Threei}  wow]'

[11:29] {Threei}  RIMM

[11:29] {nemo} yep

[11:30] {Threei}  long closer to .10 - .15

[11:31] {dino} online ed's bloody

[11:31] {dino} esi, apol, cpla, ceco

[11:33] {Threei}  RIMM bottomed out too high on pullback

[11:33] {Threei}  I am not delighted by idea of buying .50 break

[11:34] {Threei}  unless it consolidates a bit

[11:34] {magoo} sometimes u just gotta GO

[11:34] {magoo} in

[11:34] {Threei}  nah

[11:34] {Threei}  not for me

[11:35] {magoo} just do it..we all did lol

[11:35] {Threei}  TARP INSPECTOR GENERAL BAROFSKY: REVIEWING AIG'S PAYMENTS TO BANKS

[11:35] {Threei}  uh oh

[11:36] {Threei}  {banks, together} what to review?? payments, they are just that... payments...

[11:36] {nemo} Busy work so it looks like government does something important

[11:39] {Threei}  bounce RIMM

[11:39] {Threei}  61 break

[11:39] {magoo} i hate when u are right when i go against ya :)

[11:39] {Threei}  if holding 60.90

[11:39] {Threei}  sorry

[11:40] {Threei}  i hate when u are right {--- guess who you quoted

[11:40] {nemo} invalumdited

[11:40] {nemo} invalumadated

[11:40] {Threei}  yes

[11:40] {nemo} indicted

[11:40] {nemo} no

[11:41] {Threei}  valid again

[11:41] {dino}  out chtt .09, +1.10

[11:41] {Threei}  same condition

[11:41] {Threei}  wtg dino

[11:41] {larisa} gj

[11:41] {dino} :)

[11:42] {dptl} in .03

[11:43] {nemo} in .02

[11:44] {dino} out afam flat

[11:44] {dptl} stopped

[11:45] {nemo} stopped

[11:45] {dino} mkt tanking

[11:45] {Threei}  yup

[11:49] {Threei}  BIIB... takeover rumor

[11:49] {dino} biib

[11:49] {dino} opps

[11:50] {dino} awww sh#t chtt

[11:54] {dino} afam tricked me

[11:54] {wulff} Rimm Vad?

[11:55] {Threei}  not sure

[11:56] {Threei}  market hasn't defined direction yet

[11:56] {Threei}  reversal or continuation down are equally likely

[11:57] {Threei}  F

[11:57] {Threei}  MOODY'S REVISES PROBABILITY OF DEFAULT RATING TO CAA3 FROM CA; OUTLOOK NEGATIVE

[11:57] {Threei}  - Raises long term rating on secured term loan to Caa1 from Ca

[12:01] {Threei}  REPORTEDLY US TREASURY WANTS BANK STRESS TESTS RESULTS HELD UNTIL END OF APRIL, AT THE EARLIEST

[12:02] {Threei}  watching GS for long entry on pullback to 118

[12:03] {dino} afam l .80

[12:03] {Threei}  ICE

[12:03] {Threei}  HEARING ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS

[12:11] {Threei}  sheesh GS

[12:13] {Threei}  no news on financials

[12:14] {Threei}  not sure what's got into them

[12:14] {Threei}  a bit too sudden for just a technical move

[12:15] {dino} ms % wise bigger

[12:26] {Threei}  swamp... nothing to read

[12:29] {dino} supx

[12:29] {dino} too thin

[12:29] {Threei}  PREVIEW: TREASURY'S $6B 10-YEAR TIPS AUCTION RESULTS DUE OUT JUST AFTER 1PM ET

[12:29] {Threei}  - prior auction bid-to-cover was 2.48 times with an average of 2.02 over the last 10

[12:29] {Threei}  - indirect bidders at 47.3% of competitive bids at Jan auction

[12:30] {dino} rrgb

[12:32] {dino} out afam .94 +.14

[12:33] {Threei}  GM is building Segway for two...

[12:33] {Threei}  that for sure will help them out

[12:34] {dino} i know, cnbc pushing it, and i'm thinking no wonder they are in trouble, stupid reporters

[12:35] {dino} and the govt wants them to mke hybrids that nobody buys

[12:35] {dino} great plan

[12:35] {Threei}  yup

[12:35] {Threei}  very green and very baknrupt

[12:37] {dino} govt doesn't get it, it's not about feeling good, it's about money, plain and simple

[12:37] {Threei}  not for socialists, tree0huggers and do-gooders

[12:37] {larisa} I think it is romantic, Segway for two

[12:37] {Threei}  and dino... get with the program... capitalism discredited itself, havnen't you heard?

[12:38] {Threei}  Larisa... you see this thing on TV?

[12:38] {dino} yeah, 200+ years thrown out because on 6 months of tough recession

[12:39] {dino} not even as nice as a golf cart

[12:40] {dino} lod's

[12:40] {Threei}  I want larisa to look at it, then look me in the eyes and repewat that it looks romatic

[12:40] {larisa} I do not have TV vad

[12:40] {larisa} or house.. i am poor

[12:40] {dino} i guess because you have to sit on each other

[12:40] {Threei}  oh

[12:40] {larisa} all i want is segway

[12:40] {larisa} right dino

[12:40] {Threei}  you could glue 300 rose bushes on it, and it still wouldn't look anywhere near romantic {G}

[12:41] {Threei}  I mean... Aztek would look beautful next to this thing

[12:41] {dino} i'd rather a segway too larisa

[12:42] {nemo} That's a lot of thorns 3i

[12:42] {larisa} he likes pain

[12:42] {Threei}  mostly to deliver...

[12:42] {dino} hmmmmmm

[12:42] {larisa} lol

[12:43] {Threei}  and btw, so you wouldn't feel bad, my house is not much to look at either:

[12:43] {Threei}  http://realitytrader.com/vad/h.jpg

[12:43] {larisa} this is romantic!!

[12:44] {Threei}  and the view is unobstructed

[12:44] {nemo} for everybody

[12:44] {larisa} lol

[12:44] {Threei}  right

[12:44] {nemo} too visceral

[12:46] {Threei}  feels like one little pullback, then upward move

[12:48] {dino} 12:50 up

[12:49] {Threei}  GS 119 break long

[12:49] {Threei}  if stays above .80 - .85

[12:50] {ese} there it is again.....TRAGIC topics set by Threei......

[12:50] {Threei}  huh?

[12:50] {Threei}  where do you see that?

[12:51] {ese} Topic set by Threei!RealityTra@jtc-fabf3b6e.gv.shawcable.net on Tue Apr 07 2009 05:47:49 GMT-0700 (Pacific Daylight Time)

[12:51] {ese} am messin with the last word first line

[12:51] {Threei}  lol

[12:52] {ese} shere does that come from......

[12:52] {ese} where

06[12:52] * Threei kicks GS in the rear

[12:52] {ese} too funny

[12:53] {nemo} stopped

[12:53] {Threei}  still swamp...

[12:53] {dptl} ahh...stopped gs

[12:57] {Threei}  grrr

[12:57] {Threei}  shakeout

[12:58] {dino}  whats this "swamp" talk

[12:59] {nemo} RIMM seems to have bottomed

[13:00] {Threei}  that was rude GS

[13:00] {magoo} like you have said..best to take pullbk on it

[13:01] {dino} in bears we wait

[13:01] {ese} indeed

[13:01] {Threei}  US TREASURY'S $6B 10-YEAR TIPS BID-TO-COVER RATIO: 2.25 V 2.48X PRIOR AND 2.02 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei}  - indirect bidders take 26.2% of competitive bids

[13:02] {Threei}  - notes draw 1.58% with 46.5% alotted at the high{TLT}

[13:03] {Threei}  market no likey

[13:05] {Threei}  incredible boredom

[13:05] {Threei}  low volume, slightly red

[13:06] {Threei}  if we finish like this, more and more looks like serious rally brewing

[13:07] {dino} beating continues on the online eds, apol, esi, ceco, cpla

[13:07] {dino} esi-10+

[13:08] {dino} below 50 ma vol.

[13:08] {Threei}  FDA REPORTEDLY PROPOSING TO DELAY MAD COW RULES

[13:09] {dino} vad, you ever check out; www.sharkinvesting.com/volume.aspx

[13:09] {Threei}  why? cows don't want any tules?

[13:09] {Threei}  no... lemme look

[13:11] {Threei}  nice chart

[13:11] {Threei}  I like the visual representation

[13:11] {dino} me 2

[13:12] {dino} wynn

[13:13] {Threei}  GOOG CEO: UNCLEAR HOW DEEP OR HOW LONG RECESSION MAY ENDURE - CONVENTION COMMENTS

[13:13] {Threei}  no?

[13:13] {Threei}  wow... and we thought it was easy

[13:15] {Threei}  interesting how financials are relatilvely strong

[13:21] {larisa} they are drunk frogs in the bog

[13:21] {Threei}  lol

[13:21] {Threei}  nice image

[13:26] {nemo} you see a rally brewing 3i?

[13:26] {Threei}  ?

[13:26] {nemo} You said that earlier, I think, still have the same feeling?

[13:26] {Threei}  see the condition attached?

[13:27] {nemo} I'll look

[13:27] {Threei}  [13:06] {Threei} if we finish like this, more and more looks like serious rally brewing

[13:27] {magoo}  finish

[13:27] {nemo} gotcha

[13:28] {dino} feel that thurs. gaps will fill for dji, s/p

[13:28] {Threei}  wow LVS

[13:28] {Threei}  serious selling pressure

[13:28] {Threei}  what a difference a day makes

[13:29] {dino} wynn -4+

[13:31] {dino} dji filled

[13:38] {Threei}  this is beyond boring

[13:38] {Threei}  and fruitless

[13:38] {Threei}  I didn't expect such sustained seling today

[13:38] {nemo} expectations

[13:38] {dino} perhaps you expect too much

06[13:39] * Threei slaps dino around a bit with a large expectations, starting with DOW 14,000

[13:40] {dino} lol

[13:40] {Threei}  what... that too too much?? :)

[13:43] {Threei}  FAZ bounce scalp .41 long with .45 stop

[13:43] {Threei}  50/50 play

[13:43] {Threei}  sorry, .35 stop

[13:46] {dptl} cat?

[13:47] {Threei}  prettu much market dependent

[13:47] {Threei}  .45 short or .51 long

[13:47] {dptl} ok ty

[13:50] {Threei}  out FAZ

[13:50] {Threei}  1:1

[14:07] {Threei}  (GE) GERMAN GOVT INCREASING CAR SUBSIDIES TO 5B

[14:07] {Threei}  KS... gearing to buy new BMW?

[14:11] {dino}  rrgb l .00

[14:16] {larisa} what a day, too much work for 10 cents 

[14:16] {Threei}  no kidding

[14:17] {dino} chtt back down

[14:21] {Threei}  RIMM, pullback closer to .50 interesting for bouble bottom attempt

[14:23] {Threei}  looks to me like going back to 60 and above... finding entry is a challenge though

[14:26] {magoo} mkts vad into close??

[14:27] {Threei}  up

[14:27] {Threei}  won't go green, mind you

[14:27] {larisa} would be nice if we could finish -40 :)

[14:27] {Threei}  but should stage a bounce into close

[14:27] {magoo} GS might hit 120 magnet

[14:28] {Threei}  and RIMM should go about 60.20 -.30

[14:28] {magoo} took rimm .60

[14:29] {Threei}  this digestion is a killer

[14:29] {Threei}  just won't get resolved

[14:30] {dino} more like indigestion

[14:30] {Threei}  lol

[14:34] {Threei}  looks better RIMM

[14:34] {Threei}  probably not done dancing yet

[14:35] {Threei}  but at least indicates some resemblense of strength

[14:35] {nemo} if it keeps the range are you looking for a break of .80 plus market of course

[14:36] {Threei}  as entry? no, too high

[14:38] {Threei}  lost support

[14:38] {Threei}  no read again

[14:39] {Threei}  JAVA

[14:39] {Threei}  BOARD MEMBERS REPORTEDLY MEETING TOMMOROW OVER IBM TALKS; HAD UNANIMOUSLY REJECTED OFFER

[14:39] {Threei}  why are they meeting then?

[14:39] {Threei}  to slap each other backs in self-congratulatory joy?

[14:42] {dino} celebrate keeping their board seats

[14:49] {Threei}  amazing how market just hibernates today

[14:51] {Threei}  okay... time for recovery, market

[14:52] {Threei}  digestion is almost over

[14:53] {nemo} frickinfakeouts

[14:56] {Threei}  PREVIEW: FEB CONSUMER CREDIT DUE OUT AT 3PMET

[14:56] {Threei}  ** consensue expectation -$3.0Be v +$1.8B prior

[14:57] {Threei}  C

[14:58] {Threei}  picks up some buying, with volume

[15:00] {Threei}  *FEB CONSUMER CREDIT: -$7.5B V -$3.0BE

[15:00] {Threei}  yikes

[15:01] {nemo} Meredith whitney talked about that, how the banks will be yanking a ton of credit

[15:01] {Threei}  I am not sure which it is, banks yanking credit or consumers cutting borrowing

[15:02] {nemo} Banks are definitely cutting credit.  AMEX is paying people to close their accounts

[15:03] {Threei}  Canada is on different planet then

[15:03] {dino}  rrgb stop to .04

[15:03] {Threei}  offers of new credit cards and lines flow non-stop

[15:03] {nemo} where are you from Dagoba

[15:05] {wulff} where are your powers of market persuasion?

[15:05] {Threei}  gotta just start trying RIMM

[15:05] {Threei}  .60 break

[15:05] {nemo} use the frickinforce will you VadER

[15:05] {Threei}  be ready for multiple tries

[15:06] {Threei}  markrt didn't make new low on this last piece of bad news

[15:06] {Threei}  tried to spike vertically just before it

[15:06] {Threei}  all signs of end of day recovery are there

[15:07] {Threei}  RIMM, can start partialling if you want

[15:07] {Threei}  I still am on a hunt for bigger move

[15:08] {magoo} i want point

[15:08] {Threei}  want to sell half around .90 and half around 60.20

[15:08] {Threei}  magoo is even greedier than I am

[15:10] {Threei}  half out .97

[15:10] {Threei}  +.35

[15:11] {dino} to .20

[15:12] {dino} out rrgb .20, +.20

[15:12] {Threei}  wtg

[15:13] {dino} ty

[15:14] {wulff} next break should do it

[15:15] {magoo} read GS VAD!!!!!!!!!

[15:15] {Threei}  none!!!!!

[15:15] {magoo} UUGGGGGGGGGHHHHHHHHHHHHH

06[15:16] * Threei slaps magoo around a bit with a large yellow loudspeaker

[15:16] {Threei}  out 1/4 more RIMM .22

[15:16] {Threei}  +.60

[15:16] {magoo} still in FULL

[15:16] {Threei}  out in full

[15:17] {Threei}  +.70

[15:17] {Threei}  Finally!!

[15:17] {Threei}  can't believe it took so much patience to wait out this play

[15:18] {magoo} out .25 TY

[15:18] {wulff} and I was actually here to participate

[15:18] {Threei}  took it wulff?

[15:18] {wulff} yup 1/2 lot

[15:18] {Threei}  wtg'

[15:18] {Threei}  anyone else?

[15:18] {wulff} +.50

[15:18] {Threei}  except Magoo the Greedy

[15:19] {Threei}  gosh, I miss the market where this kind of play comes around every 15 minutes

[15:19] {wulff} mee too

[15:19] {magoo} cant even recall that

[15:19] {Threei}  this start-and-stop is tiresome

[15:20] {Threei}  BAC

[15:20] {Threei}  CUSTOMERS REPORTEDLY LOOKING TO REINSTATE CASE AGAINST COMPANY OVER ALLEGED ILLEGAL RETRIEVAL OF OVERDRAFT FEES

[15:20] {Threei}  - Reminder on 11/20 California Appeals court has thrown out a $296M overdraft ruling against company - San Francisco judge said that a trial judge erred when she ruled that company was barred from subtracting fees from deposit accounts that contained such gov't benefits.

[15:23] {Threei}  NY FED TO OFFER $37.B IN 28-DAY TSLF AUCTION TOMORROW; WILL ACCEPT SCHEDULE 2 COLLATERAL

[15:23] {Threei}  {TLT SHY}

[15:23] {Threei}  schedule 2 collateral - is it toothbrush?

[15:23] {nemo} used toilet paper

[15:25] {dptl} have a good evening all

[15:26] {Threei}  take care dp

[15:26] {dino} cya dp

[15:26] {magoo} bye dp

[15:30] {Threei}  I'd like one more nice play to fonish the day

[15:30] {Threei}  or finish

[15:30] {Threei}  whichever comes first

[15:31] {Threei}  maybe FAS bounce

[15:31] {nemo} gs bounce

[15:33] {Threei}  actually I like WFC most of them all

[15:34] {Threei}  DNDN...

[15:34] {Threei}  I am about to cry, lol

[15:35] {nemo} JBE

[15:36] {Threei}  NOURIEL ROUBINI: I WILL BE THE FIRST TO CALL A BOTTOM WHEN I SEE ONE - TV INTERVIEW

[15:36] {Threei}  I have too many comments on this one

[15:37] {larisa} your english is rich enough for that? :)

[15:37] {Threei}  not as rich as Russian, mind you

[15:37] {Threei}  but still

[15:38] {wulff} RIMM bounced twice

[15:41] {wulff} rimm going

[15:41] {Threei}  spike out of nowhere

[15:42] {nemo} FAS and GS too

[15:42] {Threei}  in retrospect FAS .35 was it, but nowhere near clear at the moment

[15:42] {wulff} longs used to be scareed at close.

[15:42] {wulff} now the shorts

[15:43] {nemo} yea market jumped 30 points in a minute

[15:45] {nemo} mags might get his point

[15:45] {Threei}  we are finishing in modest red, but the volume is bigger than I would prefer to confidently call it bull flag

[15:45] {Threei}  no way

[15:45] {dino} apol sm l .98

[15:45] {Threei}  mags, don't do it

[15:45] {Threei}  I'll burst of envy

[15:50] {nemo} G making another bounce of .80

[15:52] {nemo} wullff I guess the shorts arent covering on GS

[15:52] {wulff} the are no shorts in GS

[15:53] {nemo} is GS one of those sancrosanct stocks?

[15:54] {wulff} jesus stock

[15:54] {nemo} figures

[15:54] {Threei}  holy cow stock?

[15:54] {nemo} well, no fun if you can't short it

[15:55] {wulff} you can, but not recc

[15:55] {nemo} Hey Larisa, maybe -140

[15:55] {larisa} not good enough :( 

[15:55] {nemo} what's recc?

[15:56] {wulff} not reccomended

[15:56] {nemo} Why, praytell?

[15:56] {wulff} institutional favorite

[15:58] {wulff} FAZ....

[15:58] {larisa} AA opening earnings season at 4 PM :)

[15:58] {nemo} That'll be fun to watch

[15:59] {dino} apol sm overnight

[15:59] {Threei}  AA earnings... yeah

[15:59] {nemo} publish them please VAD

[16:01] {Threei}  okay... hopefully it's not in an hour

[16:01] {Threei}  thank you all

[16:01] {larisa} any minute now :)

[16:01] {Threei}  have a good evening

[16:01] {Threei}  see you tomorrow

[16:01] {nemo} P&Q

[16:01] {Threei}  AA players, stay put

[16:01] {vint} good evening all

[16:01] {fernp} good evening all

[16:01] {Threei}  vint :)

[16:01] {Threei}  take care fern

[16:02] {dino} not a great close

[16:02] {Threei}  no

[16:02] {Threei}  not a great day by any standard

[16:02] {Threei}  doesn't fit into bull flag