Apr 17 2009

Slow and borning day. Profitable overall, with nice scalps here and there, couple small stops and couple nice plays like STSI. 

  

Session Time: Fri Apr 17 00:00:00 2009

[07:54] {Threei}  Good morning sleepless souls

[07:56] {Threei}  sleepless in, let's see... Germany, Vancouver, Boston... sorry tom, forgot your hometown... dee?

[07:58] {fernp} Hello from sevilla - Spain 

[07:58] {Threei}  fern :)

[07:58] {Threei}  I got it... the rest connects without waking up

[07:59] {Threei}  DRUS

[07:59] {Threei}  OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[07:59] {Threei}  DRYS

[08:00] {Threei}  that's after yesterday's after hourts:

[08:00] {Threei}  [16:07] {Threei} DRYS

[08:00] {Threei}  [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:00] {Threei}  [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:02] {Threei}  C is so darn complicated

[08:03] {Threei}  [C] Citigroup Inc Reports Q1 -$0.18 v -$0.34e, R $24.8B v $21.9Be

[08:03] {Threei}  - Q1 includes $7.3B in net credit losses

[08:03] {Threei}  - Does not plan to suspend distributions on preferred shares

[08:03] {Threei}  and a hwole bunch of other numbers

[08:03] {Threei}  plus incredibly confusing case with this:

[08:03] {Threei}  timing of exchange offers

[08:03] {Threei}  - Continues to finalize definitive documentation with the U.S. government regarding the governments previously announced commitment to exchange a portion of its preferred shares with an aggregate liquidation value of up to $25B for interim securities and warrants.

[08:03] {Threei}  - Citi is also working to complete the customary SEC review process with respect to the public exchange offers announced on February 27. Although significant progress has been made on these matters, the process is not yet complete.

[08:03] {Threei}  - Given the now anticipated proximity of the announcement of stress test results by the U.S. government, the proposed exchange offer will not be launched until the conclusion of the industry stress tests.

[08:13] {Threei}  Larisa... don't even

[08:13] {larisa} what, day of no "good mornings" ?

[08:14] {Threei}  good morning of course :)

[08:14] {Threei}  that was pre-emptive strike

[08:14] {larisa} gm :)

[08:14] {Threei}  who knows what you had in mind

[08:14] {Threei}  esp[ecially when you are winning a bet

[08:15] {Threei}  better to be on alert, and strike first

[08:15] {larisa} lol

[08:16] {cosmo} hmmm....the stress must be getting to him

[08:17] {Threei}  stress?

[08:17] {cosmo} all the tests

[08:17] {Threei}  me is stress-free

[08:18] {cosmo} ah ... ic

[08:18] {cosmo} now i got it

[08:18] {Threei}  one thing I fret about is "will the bacon come out right this morning?"

[08:18] {cosmo} and what does that look like?

[08:19] {cosmo} no winkels?

[08:19] {cosmo} wrinkels

[08:19] {cosmo} wrinkles...

[08:19] {Threei}  it's a complicated combination of crispiness and juiciness

[08:20] {Threei}  crunchy but not burned

[08:20] {Threei}  takes skill

[08:20] {cosmo} iron stomach

[08:20] {tomg} good morning all from Tennessee :)

[08:20] {Threei}  tom :)

[08:20] {Threei}  FED'S FISHER: REITERATES THAT THE FED IS CONSIDERING EXPANDING THE TALF

[08:21] {Threei}  we haven't spent enough money yet I guess

[08:21] {cosmo} talf?

[08:21] {Threei}  who cares... acronyms for the ways to throw money around grow by hour now

[08:22] {Threei}  TARP, TALF, SofTARP

[08:22] {cosmo} omg

[08:22] {Threei}  BALTIC DRY BULK INDEX +4.9%, FIFTH CONSECUTIVE GAIN

[08:25] {Threei}  GE

[08:25] {Threei}  PROFITABLE'' FINANCE ORIGINATIONS TO ACCELERATE FROM 2Q - CONF CALL

[08:25] {cosmo} so... a soft tarp makes hit easier to hit bottom?

[08:25] {Threei}  they think so

[08:25] {Threei}  I disagree

[08:25] {cosmo} me too

[08:25] {Threei}  I don't like hitting the bottom for years

[08:26] {vinod} good morning

[08:26] {cosmo} you want to stres it out?

[08:26] {cosmo} streatch

[08:26] {Threei}  vinod :)

[08:26] {Threei}  try again?

[08:26] {cosmo} stretch?

[08:27] {Threei}  just opposite

[08:27] {Threei}  I prefer acute but short pain

[08:27] {Threei}  04/17/09 06:30am

[08:27] {Threei}  [GE] General Electric Co Reports Q1 $0.26 v $0.21e, R $38.41B v $39.8Be; Order backlogs steady

[08:27] {Threei}  - Q1 Total Order backlog $171B v $172B q/q

[08:27] {Threei}  - Q1 Energy Infrastructure Rev $8.24B v $11.4B q/q

[08:27] {Threei}  - Q1 Tech Infrastructure Rev $10.4B v $12.6B q/q

[08:27] {Threei}  - Q1 GE Capital Finance Rev $13.1B v $14.8B q/q

[08:27] {Threei}  - Q1 NBC Universal Rev $3.52B v $4.43B q/q

[08:27] {Threei}  - Q1 Industrial Sales Rev $2.22B v $31.8B q/q

[08:27] {Threei}  - CEO Immelt: Estimated stress-test results showed that we do not need to raise additional capital even in the Feds adverse-case scenario.

[08:27] {Threei}  - Capital Finance earned $1.1B in the quarter and remains on track to be profitable for the full year

[08:27] {Threei}  - Revenues and profitability declined year-over-year in our financial services business and we continue to experience rising delinquencies

[08:31] {pita} gm everyone

[08:32] {Threei}  pita :)

[08:32] {Threei}  C CFO: Q1 STRONGEST QUARTER IN OVER ONE YEAR -CONF CALL

[08:35] {Threei}  OPERATING PROFITS CONTINUE TO RISE DESPITE ASSET VALUE FALLS -CONF CALL

[08:35] {Threei}  - Expenses were down 23% y/y in Q1

[08:35] {Threei}  - Credit costs rose by $4.4B

[08:38] {ese} i think i'm in.........

[08:38] {nemo} ese!!!

[08:38] {Threei}  you sure are

[08:39] {ese} another day of repreive........it has taken over a week for the royal bank to get me my visa card....it's still not here....

[08:40] {ese} hey nemo

[08:41] {nemo} yo ese

[08:41] {Threei}  you still have any DRYS ese?

[08:41] {ese} no........

[08:41] {ese} just playing in and out

[08:42] {ese} made about 5000 a week or so back and have been just in and out since

[08:44] {ese} whats it up to vad...drys that is

[08:44] {nemo} 6.22

[08:44] {ese} sorry ...news wise?

[08:45] {Threei}  [07:59] {Alert} Threei OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[08:45] {Threei}  [07:59] {Alert} Threei DRYS

[08:45] {ese} ahhhhhh nice

[08:45] {Threei}  [08:00] {Alert} Threei that's after yesterday's after hourts:

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} DRYS

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:45] {ese} should be in play a bit today then.....

[08:51] {Threei}  what's with BCON

[08:55] {dptl} good morning

[08:56] {Threei}  dp :)

[08:56] {ese} ddddddpppppp!!!!!

[08:56] {dptl} :)

[09:00] {dino} gm all

[09:01] {Threei}  dino :)

[09:02] {ese} top of the morn to ya dino

[09:03] {ese} or if you were drinkin last night ...bottom of the morn

[09:06] {dino} lol i am fine

[09:07] {ese} everythings been going up steadily since Mar 09......gotta figure at some point?????

[09:08] {dino} feeling the same es

[09:08] {dino} lots of gaps below

[09:08] {ese} kinda waitin for it.....want to practise shorting

[09:09] {ese} small lots

[09:09] {dino} s/p 1st 825, 811, 768

[09:09] {dino} ndx 1251, 1187, 1043

[09:09] {dino} dji 775 7273, 6547

[09:09] {magoo} ;lrsgkpkrgJKO:SR

[09:10] {Threei}  magoevsky :)

[09:10] {ese} cool language mags.......good morning to you as well

[09:12] {ese} tons of gaps on the NDX dino ...jumpin

[09:12] {patience} good morning RT  :)

[09:13] {ese} morning patience

[09:13] {dino} ire pain 

[09:13] {Threei}  patience :)

[09:14] {dino} ndx, see above es

[09:15] {magoo} man goog hit 410 afterhrs, then retreated to 380

[09:15] {ese} ya checked them out....was just making note of your post

[09:16] {ese} do you play goog mags......that would scare the begeeesus out of me

[09:16] {magoo} occassionally...very dangerous

[09:17] {Threei}  magooski, admin asked to ask you to check your e-mail

[09:17] {magoo} already did it vad

[09:18] {Threei}  cool... I hope he didn't send you viagra spam

[09:18] {magoo} u can buy viagra now in a spam lunch meat..cool?

[09:19] {magoo} oh oh..today expirations

[09:20] {cosmo} DRYS seems to hold 6.15   ...for now

[09:20] {ese} Vad....could check out fas pre market .....does that look like a low to you

[09:20] {dino} i'd better warn your wife

[09:21] {dino} magoo likes his spam

[09:23] {Threei}  don't know ese... a lot of things in play here, with C and GE reports

[09:23] {Threei}  let's see what happens after open and wait for setups

[09:23] {cosmo} and more spam

[09:24] {dino} bti

[09:24] {dino} 5 day wicked

[09:25] {cosmo} DRYS pre mkt high (spike) = 6.44 fyi

[09:27] {dino} icui

[09:29] {Threei}  04/17/09 08:30am

[09:29] {Threei}  [PCYC] Pharmacyclics Inc Announces Global Strategic Alliance with Les Laboratoires Servier

[09:29] {Threei}  - The alliance will focus on the research, development, and commercialization of Pharmacyclics'' PCI-24781, an orally active, novel, small molecule inhibitor of Pan HDAC enzymes, that is currently in Phase I/II clinical trials in the United States and being developed for the treatment of solid tumors and hematologic malignancies. Pharmacyclics expects that this alliance will enable it to aggressively pursue its goal of developing and commercializing its innovative anti-cancer Pan HDAC inhibitor agents.

[09:30] {Threei}  Pharmacyclics will receive from Servier upfront payments totaling $11M on signing the contract and an additional guaranteed $4M for research collaboration over a 24 month period, paid in equal increments every 6 months with the initial payment due October 1, 2009. Servier will pay for all development costs outside the United States.

[09:30] {Threei}  - In addition Pharmacyclics will receive $24.5M based on the achievement of certain milestones up to and including commercialization.

[09:31] {ese} in and out of ORCL .01 in out .17 6 lots

[09:32] {ese} +.16

[09:32] {Threei} Long Setup:  STSI  5 break

[09:32] {nemo} small shares?

[09:32] {ese} yes

[09:33] {ese} small liquidity nemo

[09:33] {nemo} wow look at tht inet offer

[09:35] {Threei} Long Setup:  GE  .95 if holding .85

[09:37] {dptl} in stsi

[09:38] {magoo} in stsi

[09:38] {dptl} stop .94?

[09:39] {Threei}  half out .10

[09:40] {dptl} half out ty

[09:40] {ese} watching drys for pullback

[09:42] {ese} dino if you get a chance SOHU

[09:43] {dino} on it

[09:43] {Threei}  wow DRYS

[09:43] {Threei}  come on, give us a pullback

[09:43] {ese} indeed

[09:43] {dino} 45 strike

[09:44] {dino} the china plays really move

[09:44] {Threei}  GE

[09:44] {Threei}  EXEC: DO NOT EXPECT GE CAPITAL TO BE SUBJECT TO GOVERNMENT STRESS TESTING - CONF CALL Q&A

[09:44] {dino} 45 too much tho, 

[09:44] {ese} for sohu dino?

[09:46] {Threei}  stop is just under 5 for those who hold balance of STSI

[09:47] {ese} l drys .34

[09:47] {dino} y es

[09:47] {dino} too much, i wait small 46.51

[09:49] {dino} egg shell markets today

[09:49] {nemo} Wile E.  off the cliff...looking down?

[09:50] {ese} l drys again avg .37

[09:50] {cosmo} 6.44 hod drys

[09:51] {dino} isrg show again

[09:53] {dino} sm s icui .09

[09:53] {Threei}  F

[09:53] {Threei}  UPDATE: PRICE TARGET RAISED TO $3 FROM $1 AT CREDIT SUISSE,

[09:53] {Threei}  question: what's wrong with this picture?

[09:53] {wulff} GE

[09:54] {dino} ahh, its at 4

[09:54] {Threei}  do these guys have any slightest touch with common sense?

[09:54] {magoo} out .14 here TY vad

[09:54] {ese} l drys avg .33

[09:54] {Threei}  STSI mags?

[09:54] {magoo} yup

[09:54] {Threei}  k

[09:54] {magoo} FL

[09:54] {dino} sohu to "sell" db

[09:55] {ese} don't try this at home....

[09:55] {Threei}  APR PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 61.9 V 58.5E

[09:55] {Threei}  no, seriously

[09:55] {Threei}  you had target $1

[09:55] {Threei}  stock hits 4

[09:55] {Threei}  you don't say sell?

[09:56] {Threei}  OK, let's assume you change your mind,

[09:56] {Threei}  and now think it goes higher, in which case you don't issue sell recomendation,

[09:56] {Threei}  but how can you assign target $3 to a stock that trades at $4?

[09:56] {Threei}  doesn't it mean sell by default?

[09:56] {dino} icui tighten to .36 mkt not helping

[09:57] {Threei}  offering 1/4 more STSI .18

[09:57] {cosmo} advise for F shorters?

[09:57] {dptl} me .19

[09:58] {Threei}  thank you for not going to .17999

[09:58] {dptl} :) was just thinking about it

[09:58] {dino} cov icui .60, +.49

[09:59] {dptl} you using arca Vad?

[09:59] {Threei}  no

[10:00] {dptl} where are you then?

[10:00] {Threei}  DNDN??

[10:00] {dino} he's here

[10:00] {Threei}  HEARING SHARES TICKING HIGHER ON RUMORS OF JV WITH MAJOR PHARAM

[10:00] {Threei}  rumor...

[10:00] {Threei}  I am hidden in the trenches

[10:01] {Threei}  - Hearing the name LLY mentioned in relation to rumors{LLY}

[10:01] {dptl} sneaky :)

[10:01] {Threei}  my middle name

[10:01] {nemo} I thought it was Illych

[10:03] {ese} out drys .45 +.12 4 lots

[10:03] {dptl} out .19 some

[10:04] {dino} heck of a name 3i lilly vad

[10:05] {dino} vivo l .34, stop .23

[10:05] {Threei}  last portion offering at .35, stop is under .10

[10:07] {wulff} WFC +.32

[10:07] {Threei}  wtg

[10:07] {wulff} probably has more in it

[10:08] {Threei}  DNDN... squeeze

[10:09] {ese} dino ...you calling vad a lilly....

[10:09] {wulff} DRYS is probably feeling the squeeze too

[10:09] {dino} his name i guess

[10:10] {Threei}  what's happening today?

[10:10] {Threei}  you guys are all drunk?

[10:11] {magoo} i am

[10:11] {pita} already?

[10:11] {magoo} got in late

[10:12] {dino} bit whippy

[10:12] {ese} thats what it says in your book to do....doesn't it?   Drink heavily before trading to even out pain and euphoria.....in order to keep a level head????

[10:12] {ese} or did I get that wrong

[10:12] {dino} he left my deck at 7, but who knows if he went home

[10:13] {ese} too funny

[10:13] {Threei}  that's mostly right ese

[10:14] {ese} you people are a hoot!!!!

[10:14] {dino} call it "trading for drunks"

[10:14] {ese} great title!!!!!  I think that would sell

[10:16] {ese} got a read on sohu yet dino.....

[10:17] {dino} yeah sm l .30 imo

[10:17] {Threei}  WFC, watching for pullback closer to .40 for entry

[10:17] {Threei}  if market spikes, WFC cxan turn into .60 break long if holding above .50

[10:18] {ese} hmmmmm then i missed the boat on sohu

[10:18] {nemo} in

[10:18] {dptl} in wfc

[10:19] {ese} long fas .98

[10:19] {dino} not hitting my .30 bid either, perhaps .50

[10:20] {ese} that was a crappy fill thought I had market at .94/95

[10:21] {ese} daaaaaaaaa instead of 4/5 cents profit i'm even

[10:21] {Threei}  that's cheap commissions fore you

[10:21] {ese} no kidding eh

[10:22] {dino} gut says down big

[10:24] {dino} icui s sm .06

[10:25] {nemo} stopped

[10:25] {fernp} I hate WFC

[10:25] {dptl} stopped

[10:25] {dino} cski

[10:25] {_jfjf64} ditto

[10:25] {wulff} I love WFC

[10:26] {Threei}  {WFC} I am confused

[10:26] {nemo} why?

[10:26] {ese} close to being stopped on fas...daaaaaaaaa!!!!!

[10:26] {nemo} I'm having a hard time feeling bad for you ese

[10:27] {ese} stopped....%$##$@%$ -.14

[10:28] {wulff} you know a bounce is coming now ese

[10:28] {ese} oh ya oh ya nemo....welllllll......your mother wears army boots....take that

[10:29] {ese} or was that my mother hmmmmmmm

[10:29] {Threei}  ok... ya'll are drunk

[10:29] {nemo} my mother is dead

[10:29] {ese} oppps apologies

[10:30] {nemo} she never wore socks...feet stank

[10:30] {nemo} then she'd make me rub them...oy

[10:30] {ese} .............

[10:30] {Threei}  I feel requests to edit log coming

[10:30] {ese} ok you win the out do contest    hands down

[10:31] {dino} shld giving some back

[10:31] {Threei}  that's additional workload for me...

[10:32] {magoo} C crushed here

[10:32] {magoo} real violent move

[10:32] {dino} lod

[10:33] {dino} icui spiked, stopped -.30

[10:33] {dino} that sohu holds well imo es

[10:34] {Threei}  watching FAZ for entry on pullback

[10:34] {dino} whew good stop icui

[10:34] {Threei}  roughly .55

[10:37] {dino} vivo stop to .38

[10:38] {nemo} quintuple bottom coming in FAS from yesterday

[10:38] {nemo} hell almost 4 this morning

[10:40] {Threei}  canceling .35 offer on STSI

[10:40] {Threei}  if this thing can take that .25 offer, I want more

[10:41] {nemo} would that be another entry point?

[10:41] {Threei}  .25 break obviously, but risk is way higher

[10:41] {nemo} fuggedabowdit then

[10:42] {_jfjf64} faz?

[10:43] {Threei}  botomed at .57 with no realistic chance of executing

[10:43] {Threei}  not sure

[10:43] {Threei}  waiting for somerthing more clear

[10:43] {_jfjf64} k

[10:44] {dino} sohu l .55

[10:45] {dino} titn l .76

[10:52] {dino} vivo stopped +.04

[10:52] {Threei}  strangely narrow range for the day that promised to be all fireworks

[10:52] {Threei}  less thatn 15 points NQ range

[10:54] {dino} lps

[10:55] {nemo} expectations again

[10:55] {nemo} So, do we get the Plunge Protection Team or Plunge Production Team

[10:56] {dino} cyt, lps, scor

[10:56] {Threei}  WFC forms something of C&H kind

[10:56] {Threei}  with .75 being break point

[10:57] {Threei}  DNDN...

[10:57] {Threei}  grr

[10:58] {dptl} stop would be under .60 if breaks wfc?

[10:58] {Threei}  yeah

[10:59] {Threei}  I would prefer to try aggresive

[10:59] {Threei}  .70 break

[10:59] {dptl} ok ty

[10:59] {dino} scor l .01

[10:59] {nemo} fas break above .90?

[10:59] {nemo} oops nevermind

[11:01] {dino} sohu stopped -.25

[11:03] {Threei}  any gamblers here}

[11:03] {Threei}  ?

[11:03] {Threei}  DNDN ,40 break for you... if holding above .25

[11:04] {dptl} valid?

[11:04] {Threei}  barely

[11:04] {nemo} that's encouraging

[11:05] {dptl} :)

[11:05] {Threei}  are you on my gambling list?

[11:05] {Threei}  oh... yes

[11:05] {dino} nile

[11:05] {magoo} in .39

[11:05] {Threei}  who would have doubt

[11:05] {Threei}  magoo is director of that list

[11:05] {dptl} in

[11:08] {dptl} stopped

[11:09] {dino} intc l .50

[11:13] {dptl} wfc?

[11:13] {Threei}  no idea

[11:13] {Threei}  mess of a chart

[11:19] {ese} signing off everyone....have a great weekend

[11:19] {magoo} u 2 

[11:19] {nemo} P&Q ese

[11:19] {Threei}  have a good one ese

[11:21] {magoo} DNDN a nasty f'er

[11:21] {nemo} follower? :)

[11:23] {Threei}  SWEDISH COURT HAS FOUND THE OPERATORS OF FILE SHARING SITE THE PIRATE BAY GUILTY OF COPYRIGHT INFRINGEMENT

[11:23] {Threei}  troubles for torrents

[11:24] {vint} good morning (late) all

[11:24] {Threei}  vint :)

[11:24] {magoo} WFC .80

[11:26] {magoo} may do 20 again

[11:26] {dino}  zzzzzzzzzzzzzzzzzzzzzzzz

06[11:27] * magoo slaps dino around a bit with a large trout

[11:27] {dino} bkc l .50

[11:27] {magoo} RF on the move again

[11:30] {_robert} C?

[11:31] {Threei}  ZI'll stay away from C, it's beyond complicated

[11:31] {_robert} ok

[11:32] {magoo} [11:25] {magoo} WFC .80

[11:32] {magoo} waiting .97

[11:32] {magoo} kickin it

[11:33] {magoo} out .96..

[11:33] {magoo} to close to miss exit

[11:33] {magoo} ty vad

[11:33] {Threei}  hmmm... okay... you are welcome

[11:33] {Threei}  frikin DNDN

[11:34] {pita} roger that

[11:34] {dptl} :)

[11:35] {Threei}  DRYS new high

[11:37] {magoo} [11:27] {magoo} may do 20 again

[11:37] {magoo} 2 days i took heat off ya boss

[11:37] {Threei}  {--- happily retiring leaving magoo in charge

[11:38] {magoo} really??ok room ..lets rock -n-roll

[11:38] {Threei}  {--- quietly fades away

[11:38] {Threei}  {--- uncorks fresh bottle of Glenglivet

[11:39] {nemo} bad typing or are you on your 2nd bottle already?

[11:40] {Threei}  as if I needed any drinking to mistype things

[11:40] {dino} scor stop to .20

[11:41] {dino} out scor slipped ave .18, +.17

[11:43] {dptl} Vad, are you gonna get some more on .25 brak stsi?

[11:43] {dino} no drinking until 9

[11:44] {Threei}  nah, I have last 500 shares, will just try to get something worthy out of them

[11:44] {dino} sohu last try l .39

[11:44] {Threei}  .15 - .25 is a valid setup

[11:45] {Threei}  kind of discretionary because of previous move, but tempting because of huge size on the offer

[11:45] {Threei}  so, you likey - you takie

[11:45] {dptl} ok ty,i'll try to get in again if it's breaks

[11:46] {Threei}  sure, I'll just add you to gamblers list for second time

[11:46] {Threei}  you'll be twice gambler

[11:46] {dptl} :)

[11:46] {Threei}  which is still nothing comparing to magoo's record

[11:46] {nemo} no, he cemented that w/GOOG last night

[11:47] {Threei}  for like 128th time

[11:47] {nemo} that would be 32 years worth of GOOG quarterly reports

[11:47] {Threei}  heh

[11:47] {magoo} did i mention i live for those earningsseason?

[11:47] {Threei}  look at this

[11:48] {Threei}  (US) EPA NOTES THAT IT PLANS TO MOVE AHEAD ON REGULATING CARBON DIOXIDE AS A HEALTH AND ENVIRONMENTAL RISK - UPDATE

[11:48] {Threei}  - Note that the EPA has declared its authority to hold polluters accountable under the Clean Air Act. The decision, ordered by the Supreme Court in 2007 and based upon years of scientific research and analysis, has the potential to significantly alter energy politics and policy.

[11:48] {dino} thought you lived for food

[11:48] {Threei}  - Please also note these recent headlines:

[11:48] {Threei}  - 4/8 White House: Pres Obama is flexible on auctioning process of emissions permits in climate bill

[11:48] {Threei}  - 3/31 US House climate change bill includes rebates and possible trade protections for industry, which could include 2B tons of annual maximum carbon offsets for industry.

[11:48] {Threei}  - 3/17 DoE's Chu: US should levy tariffs on CO2 to protect competition.

[11:48] {Threei}  - 3/5 House Majority Leader Hoyer (D): Congress may pass a climate-change bill by late May.

[11:48] {Threei}  - 2/22 US climate czar Carol Browner: EPA will soon determine that carbon dioxide emissions represent a danger to the public and propose new rules to regulate emissions of carbon-dioxide from a range of industries.

[11:48] {magoo} craving chili dogs BADDDDD

[11:48] {nemo} that mean we can't exhale anymore

[11:48] {magoo} and dino refuses

[11:49] {dino} isrg hits yesterday high

[11:49] {Threei}  US should levy tariffs on CO2 to protect competition?

[11:51] {magoo} WFC WFC

[11:51] {wulff} hope you guys took WFC, i was away

[11:51] {magoo} out .30

[11:52] {magoo} ty vad

[11:57] {dino} out sohu .51, +.12

[11:58] {dptl} in.25 stsi

[12:01] {pita} have a good weekend everyone

[12:01] {Threei}  take care pita, have a good one

[12:03] {dino} out titn .88, _.12

[12:04] {dino} +

[12:10] {dino} snda

[12:13] {dino} sm l .40 risky

[12:15] {dino} stop .98

[12:16] {Threei}  dp... just a friendly reminder: you own STSI, don't fal asleep

[12:16] {dptl} oh ty..lol

[12:16] {Threei}  signed: RealityTrader wake-up call service

[12:16] {dino} stopped

[12:17] {dino} try a buck lower

[12:21] {wulff} Have a great finish. LAte

[12:21] {wulff} LAter

[12:21] {Threei}  take care wulff

[12:21] {Threei}  FED'S BERNANKE SCHEDULED TO GIVE A SPEECH AT A FED CONFERNECE AT 12:30PMET

[12:21] {Threei}  - a prepared text is expected but he will not do a Q&A

[12:21] {dino} cetv l .50

[12:24] {magoo} whens president rock star speaking today?

[12:25] {Threei}  he is speaking in Latin America, so no economy topcs anyway

[12:26] {dino} rinsed snda

[12:29] {dino} pretty tight range

[12:29] {dino} like the 70s

[12:30] {Threei}  FED'S BERNAKE: HARM STEMMING FROM CREDIT CRISIS WILL BE LONG LASTING

[12:31] {nemo} so much for your title, vad

[12:31] {Threei}  REGULATORS MUST MANAGE THE RISKS OF INNOVATION

[12:31] {Threei}  I gave it up nemo

[12:32] {Threei}  I can't compete with so many masters of the obvious from all around the world

[12:32] {nemo} Yeah...your title get's outsourced

[12:32] {Threei}  as soon as I think I more or less gor upper hand over USA competitors, someone in Europe comes out and says "financial crisis is not contained yet"

[12:33] {Threei}  I say DUH and give up

[12:33] {nemo} yeah, enemies in all directions...I'm not paranoid...and anybody that says I am, is out to get me....

[12:34] {Threei}  oh, and just when I though homeland was safe, Canadian minister of finance said "inflation risk on horizon"

[12:35] {Threei}  - When the complexity of credit products becomes too high, direct regulation may be the only solution

[12:36] {nemo} They should just simplify the products.  Complex products + Complex Regulation = Cluster relationship

[12:36] {Threei}  and anything over 1 decimal gives me a headache

[12:37] {nemo} decimal or decibel?

[12:37] {Threei}  sigh

[12:37] {Threei}  ok, 2

[12:37] {Threei}  3.14 I can handle

[12:37] {dino} its a bunch of b.s., it would not have been so bad w/o the m2m change. nowe the banks want to keep these assets because they know they are worth more

[12:37] {nemo} 3.1416 is o.k.

[12:37] {Threei}  but 3.14159999 - no

[12:38] {nemo} I'd have to take my shoes off

[12:38] {nemo} They're not worth more, it just allows them to fudge the accounting on paper

[12:39] {dino} i disagree, 92% performing

[12:39] {nemo} So, are they worth more, or not?

[12:41] {dino} yes

[12:41] {dino} why do you think private equity is lining up

[12:41] {nemo} Should they hol on to them then?

[12:43] {dino} then

[12:43] {dino} because the rule was just changed 2 weeks ago

[12:43] {dino} yes

[12:44] {dino} snda double bottom or death

[12:45] {nemo} you in snda, dino?

[12:46] {magoo} keep eye on WFC..IF IF mkt decides to rip, its got big potential..not in here

[12:46] {dino} no

[12:47] {dino} bti l .64

[12:52] {fernp} DRYS consolidating hod... should I ignore DRYS breakout??

[12:52] {Threei}  this one may be worth it

[12:53] {dptl} .75?

[12:53] {fernp} lunch-time, friday, breakout...

[12:53] {Threei}  .75 would be aggresive, .80 is right above

06[12:54] * magoo slaps laserdave around a bit with a large trout

[12:54] {dptl} stop under .65?

[12:54] {magoo} MS nuts

[12:55] {magoo} news MS vad?

[12:56] {Threei}  no

[12:56] {dptl} or under .70 ? if takes .75

[12:56] {Threei}  BAC

[12:56] {Threei}  PROXY ADVISOR GLASS LEWIS RECOMMENDS SHAREHOLDERS VOTE AGAINST RE-ELECTION OF CEO LEWIS AT APRIL 29 ANNUAL MEETING - CNBC

[12:56] {Threei}  - Also recommends voting against lead director Temple Sloan.

[12:56] {Threei}  - Calls on shareholders to vote to split chairman and CEO roles.

[12:56] {Threei}  US) CONGRESSIONAL PANEL ON TARP NOTES TREASURY SEC GEITHNER TO TESTIFY APRIL 22 AT 10AMEST

[12:57] {Threei}  both are valid dp

[12:57] {dptl} ok ty

[13:01] {dptl} in .75 drys

[13:02] {fernp} me too

[13:03] {dptl} .70 stop for you?

[13:03] {fernp} yes

[13:09] {dino} hod s/p ndx

[13:11] {fernp} out here +.10

[13:12] {Threei}  :)

[13:12] {Threei}  thought this one did have a chane

[13:13] {magoo} RF nutsarolla vad

[13:13] {fernp} yes. was fine

[13:15] {dptl} out half .85..wierd wasn't get filled till last moment

[13:18] {dptl} all out .97 ty

[13:18] {Threei}  :)

[13:19] {fernp} very gj dp

[13:19] {dptl} ty..now i need that stsi to wake up

[13:20] {magoo} GE high vad

[13:21] {Threei}  don't know about this one mags

[13:22] {magoo} ok

[13:27] {dino} out intc .62 +.12

[13:42] {dino} bti to .81

[13:44] {dino} ohh mannn, major slip ave .77, +.13

[13:45] {dino} snda drop again

[13:47] {Threei}  DRYS non stop

[13:57] {Threei}  REPORTEDLY BOA, JP MORGAN AND WELLS FARGO ARE HOLDING DISCUSSIONS WITH CONGRESS OVER NARROWING SCOPE OF BANKRUPTCY "CRAMDOWN" BILL

[13:57] {Threei}  - Terms of negotiations include establishing a five-year program, no principal write downs and compatibility with Obama Administration's housing plan

[13:57] {dino} cetv dead, stop to .44

[14:00] {dino} stoppped -.08

[14:01] {dino} shld

[14:02] {Threei}  volume is quite ridiculous

[14:03] {nemo} dow volume is strong

[14:03] {Threei}  nasdaq is next to non-existent

[14:08] {dptl} ok finaly...stopped stsi  ave.-.06

[14:22] {dino}  ofix l .35

[14:24] {Threei}  DNDN is ridiculous

[14:24] {dino} wmt l .50

[14:28] {dino} snda sm l .14

[14:33] {dptl} hot?

[14:33] {Threei}  yuck

[14:35] {dino} ofix stop to .48

[14:38] {dino} hot???????

[14:40] {dino} ofix to .53

[14:41] {dino} to .55 stingyyyyyyyyyyyy

[14:41] {dino} oiut slip ave. 54 +.19

[14:41] {_jfjf64} jback

[14:42] {dino} c'mon wmt i want a smilely face

[14:43] {dino} smily?

[14:51] {Threei}  wow DNDN

[14:51] {nemo} bounce?

[14:52] {Threei}  this is tryuly scary thing

[14:52] {nemo} that might be catch a falling elevator

[14:52] {Threei}  see?

[14:52] {Threei}  this is not falling knife.... this is falling piano

[14:52] {nemo} Oh yeah, got the 5 minute up too...a lot of air under there

[14:53] {Threei}  any more than on 1 min?? :)

[14:53] {dino} nni

[14:53] {nemo} I can see the whole day on the 5 minute

[14:53] {Threei}  hmm?

[14:54] {Threei}  I can see whole day on 1 min too

[14:54] {Threei}  how is it an issue?

[14:54] {nemo} tomato tomato

[14:54] {nemo} I have smaller screens up

[15:00] {dino} lol

[15:00] {nemo} what Dio?

[15:01] {nemo} Dino...not to be confused with Ronnie James Dio

[15:02] {dino} snda stopped done w/it

[15:03] {dino} there are better worlds than these

[15:03] {nemo} the transition can be a bitch

[15:04] {dino} maybe so, maybe so

[15:05] {dino} titn trying

[15:06] {dino} nni break of .08

[15:10] {dino} vivo l .40

[15:10] {Threei}  if ese was here, I guess he would be in FITB

[15:13] {Threei}  WHITE HOUSE: OBAMA HAS COMPLETE CONFIDENCE IN AUTO TASK FORCE CHIEF RATTNER

[15:13] {Threei}  - reminder: earlier today it was reported that Rattner is involved in a probe of an alleged kickback payments

[15:13] {Threei}  oh boy

[15:14] {dino} lol

[15:14] {dino} and probably did not pay his taxes, :)

[15:14] {Threei}  I want to start counting people who president has complete confidence in

[15:15] {dino} everybody he picks, regardless of circomstances

[15:15] {Threei}  if ese was here, I guess he would be exiting FITB

[15:15] {magoo} finnies again vad

[15:16] {dino} i miss es

[15:16] {dino} lol

[15:16] {nemo} he's been killing it lately

[15:16] {Threei}  ese is amazing story

[15:16] {dino} indeed he has

[15:16] {Threei}  started as many did

[15:17] {Threei}  read about 120 books,

[15:17] {Threei}  went through some courses

[15:17] {Threei}  finally tired of losing money and picked one book that made sense to him

[15:17] {Threei}  which turned to be TTR

[15:17] {Threei}  started looking up the author

[15:17] {Threei}  was shocked to find out author just moved to the same city where he lived

[15:18] {Threei}  sent e-mail

[15:18] {nemo} divine intervention

[15:18] {Threei}  we met, he grabbed MPP from me

[15:18] {Threei}  in a montrh or so joined the room

[15:18] {Threei}  started proces of unlearning bs

[15:18] {Threei}  made kind of round bottom, so to speak

[15:19] {Threei}  and started making very nice money with amazing consistency

[15:19] {Threei}  local celebrity in music btw

[15:19] {Threei}  fantastic drummer, has professional band and unique high school band

[15:20] {Threei}  http://www.themidnights.com/bio.htm

[15:24] {Threei}  everyone's looking at photos or just asleep?

[15:24] {Threei}  FAZ new all-time lows

[15:25] {Threei}  MGM

[15:25] {Threei}  REACHES AGREEMENT WITH DUBAI WORLD TO COMPLETE CITY CENTER CONTRUCTION; PLAN MUST STILL BE APPROVED BY CITYCENTER LENDERS - WSJ

[15:26] {dino} mgm

[15:27] {Threei}  - new plan would protect the CityCenter project from MGM cross-defaults.

[15:27] {Threei}  - Reminder: earlier today, MGM said it would provide funds to continue construction on CityCenter project, putting forward $70M to cover the current construction costs for CityCenter, includes $35M that was supposed to have been funded by Infinity World, a subsidiary of Dubai World.

[15:28] {dino} cross defaults does not sound good

[15:30] {Threei}  I suspect dino doesn't want to gamble on MGM

[15:30] {dino} thinking short

[15:31] {dino} can't

[15:38] {magoo} WFC doing it

[15:38] {magoo} big 

[15:40] {Threei}  nice

[15:43] {magoo} i am in it

[15:43] {magoo} repeadily

[15:44] {dino} titn l .83

[15:45] {Threei}  I am scared to think how many of "buy every new low" traders get killed in FAZ

[15:49] {nemo} well, that's all she wrote...P&Q

[15:51] {dino} out vivo .47, +.07

[15:53] {dino} hard sell

[15:54] {Threei}  OBAMA ADMINISTRATION WILL USE COMPETITIVE BIDDING TO BUY WHEELCHAIRS, COULD SAVE $1B ANNUALLY - WSJ

[15:54] {Threei}  huh?

[15:56] {Raven} I'm not ready for one of those yet ...

[15:56] {dino} snda 47s

[15:56] {Threei}  come on Raven, help them save 1B

[15:57] {Raven} sigh

[15:57] {Threei}  I'll get one too and we will race

[15:57] {Threei}  or chase cosmo down the street

[15:57] {Raven} I like that ... Formula I wheelchairs

[15:58] {Raven} wake up cosmo !!

[15:58] {Threei}  and hit him with cruthces if we get him

[15:58] {Raven} yesssssssssss

[15:58] {vint} good weekend all

[15:58] {dptl} have a good weekend all

[15:58] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good weekend

[15:58] {Threei}  see you all on Monday

[15:59] {Threei}  a bit boring day but Fri is Fri

[15:59] {dino} titn out -.03

[16:00] {_jfjf64} ty  enjoyed week in room   look forward to  trading with tou in  future   will call afterclose    good day all

[16:01] {dino} glad to have you