Apr 29 2009

Lackluster day. A few small stops, a few even smaller wins. One of those days when you don't understand why you bothered to wake up - at least for the trading part of the day.

Session Time: Wed Apr 29 00:00:00 2009

[07:10] {nemo} anybody home?

[08:07] {Threei}  good morning

[08:07] {Threei}  wow DNDN

[08:07] {Threei}  what a killer

[08:07] {Threei}  did its best to destroy both sides

[08:14] {Threei}  Prez on TV in case you wondered

[08:16] {magoo} morning

[08:16] {Threei}  mags

[08:17] {magoo} any feel on DNDN?

[08:18] {Threei}  will be very volatile

[08:18] {Threei}  whether all good news is in or not, remains to be seen

[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,

[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one

[08:19] {magoo} yea

[08:19] {Threei}  so I'd think it will have considerable amount of bailing out

[08:19] {magoo} still avail short in laser

[08:20] {Threei}  my best guess at this point:

[08:20] {Threei}  it will soak in that bailing out and jump uponce again

[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion

[08:21] {magoo} u think go to 30 pre mkt?

[08:21] {Threei}  I don't know

[08:21] {Threei}  it's a pure guess, don't press me

[08:22] {magoo} ask your magic 8 ball..dino smashed ours

[08:22] {Threei}  risk is on multi-points on this one, especially pre-market

[08:26] {magoo}  don't press me

[08:26] {magoo} ? no pressure, cranky

[08:26] {Threei}  cranky is my usual state

[08:26] {Threei}  just ask my wife

[08:27] {magoo} gdp nummbers

[08:27] {Threei}  in 3 min

[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO

[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;

[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E

[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E

[08:30] {dptl} good morning all

[08:30] {Threei}  dp :)

[08:35] {pita} ola

[08:35] {Threei}  pita :)

[08:39] {fernp} Good morning

[08:40] {Threei}  fern :)

[08:40] {larisa} good morning :) 

[08:40] {Threei}  larisa :)

[08:47] {Threei}  GDP numbers failed to send the market down

[08:48] {cosmo} failed?

[08:49] {_ryanagler} first US swine flu death also failed

[08:50] {vinod} good morning

[08:50] {_ryanagler} Good morning

[08:50] {Threei}  ryan, vinod :)

[08:50] {Threei}  yes, nothing can keep this market down

[08:50] {cosmo} hmmm ... flu failed to impress

[08:51] {nemo} gotta' decrease the surplus population anyway

[08:51] {vinod} we need more bad news it is good for market

[08:52] {Threei}  market does its usual job

[08:52] {Threei}  goes up with as few on board as possible,

[08:53] {Threei}  by using bad news as a factor keeping crowd at bay

[08:53] {Threei}  climbing up against all odds,

[08:53] {Threei}  luring them in,

[08:53] {nemo} THen........

[08:53] {Threei}  and setting the stage for the usual:

[08:53] {cosmo} climbing up against all walls

[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,

[08:53] {Threei}  then trap shuts

[08:54] {Threei}  and market drops

[08:55] {ese} GM

[08:55] {Threei}  ese :)

[08:55] {ese} hey vad

[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade

[09:03] {Threei}  GERN

[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY

[09:04] {ese} bulk dry index?  anybody seen or heard?

[09:08] {Threei}  not for quite a while

[09:11] {chinggis} Goodmorning

[09:11] {pita} drys up 5% on no news

[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support

[09:12] {ese} morning chingis

[09:12] {Threei}  chingis :)

[09:13] {pita} I'm watching too

[09:14] {pita} DRYS pre mkt high close to yesterday high

[09:16] {Threei}  WFC yest high 20.12, premarket 20.15

[09:16] {ese} dndn just hit my screens

[09:16] {Threei}  if we get strength, that area is breakout point

[09:19] {dino} gm all

[09:20] {fernp} gm dino

[09:20] {nemo} hey "lucky" man

[09:20] {Threei}  dino :)

[09:20] {nemo} oh no...an ELP moment

[09:20] {dino} :)

[09:20] {jfjf64} good mornin   all

[09:20] {Threei}  jf :)

[09:20] {ese} hey dino

[09:22] {dino} gm

[09:22] {pita} Vad, thoughts on HBAN?

[09:23] {ese} don't stay in it along time....financial not that good

[09:24] {Threei}  none yet...

[09:24] {Threei}  yest high 2.96

[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play

[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh

[09:25] {ese} boy i'll say

[09:26] {ese} that thing is all over my screens this morning

[09:26] {dino} off mine

[09:26] {Threei}  I used whiteout to get rid of it

[09:26] {ese} i'll try tape

[09:26] {Threei}  works great on monitor surface

[09:27] {ese} simple mater of using a chisel to get it off ...perfect

[09:28] {Threei}  sheesh DNDN

[09:28] {Threei}  one thing is for sure

[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it

[09:30] {ese} ill heed that advice

[09:31] {Threei} Long Setup:  WFC  .95 break

[09:31] {Threei}  if stays above .80

[09:32] {nemo} half or whole

[09:32] {Threei}  jeez DNDN

[09:33] {nemo} invaluamdidate

[09:33] {Threei}  invalidated anyway

[09:33] {Threei}  I am still inetersted, watching for new setup

[09:33] {dino} pfwd

[09:35] {dptl} hban?

[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play

[09:36] {ese} l drys .40

[09:36] {dino} pnra

[09:38] {Threei}  looks like first morning jumpiness subsides

[09:38] {Threei}  WFC, pullback into .70 for long entry

[09:38] {dptl} in hban

[09:41] {pita} in

[09:41] {dino} hsii

[09:43] {nemo} am I still here?

[09:43] {Threei}  very existential question

[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time

[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot

[09:46] {dptl} stop .85 for hban? 

[09:47] {dino} pnra sm l .50, jumpy wide

[09:47] {dptl} in wfc

[09:47] {magoo} in

[09:48] {nemo} in

[09:48] {nemo} stop is 95

[09:48] {Threei}  for scalpers...

[09:48] {Threei}  I'd prefer over over 20

[09:52] {Threei}  CRYP...

[09:53] {Threei}  no worky WFC

[09:53] {dptl} stopped

[09:54] {pita} stopped

[09:55] {pita} FITB

[09:56] {wulff} I feel a F .40 breakout coming

[09:56] {Threei}  .long lulu 14.80 break

[09:56] {Threei} Long Setup:  LULU  14.80 break

[09:57] {magoo} crazy one right?

[09:57] {Threei}  potentially

[09:58] {dptl} stop to under .90 hban

[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW

[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[10:02] {wulff} RIMM looks short candidate

[10:03] {nemo} NDX might be bottoming, maybe not

[10:03] {nemo} that is Rimm short if NDX going to climb

[10:03] {ese} is ARCA down?

[10:04] {Threei}  CAT

[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ

[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right

[10:06] {dptl} stopped hban

[10:08] {dino} life

[10:09] {wulff} is

[10:09] {magoo} shit]

[10:09] {dino} psys close to hod

[10:09] {wulff} there goes RIMM

[10:10] {wulff} was going to do .80 break

[10:12] {Threei}  BAC

[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING

[10:12] {dino} psys spike

[10:13] {dino} pnra stopped -.50 dumb had .50

[10:16] {dino} sm s psys .10

[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing

[10:18] {dptl} wfc?

[10:18] {wulff} I'll take it from you

[10:18] {Threei}  shrug

[10:18] {Threei}  you see any setup to take?

[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction

[10:19] {wulff} F .38 break

[10:21] {ese} out drys .41 even daaaaaa

[10:22] {Threei}  LVS lost its mind

[10:22] {ese} vad you describing the sex life of a trader in that last post????

[10:22] {ese} 2nd last post

[10:23] {dino} hsii l .05 sm

[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300

[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies

[10:29] {larisa} do not worry ese, he is just asleep :)

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

[10:29] {nemo} wow up and up

[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;

[10:31] {Threei}  we have FOMC today... mostly non-event I'd think

[10:32] {Threei}  although who nows what they say in comments

[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose

[10:36] {Threei}  jeez

[10:36] {Threei}  typed alert short DNDN 25.10 break

[10:37] {Threei}  was late as it broke while I typed

[10:38] {magoo} i got that

[10:38] {magoo} honest

[10:40] {dino} sm s life .15

[10:40] {Threei} Long Setup:  GE  .46 if stays above .40

[10:40] {magoo} covered here ,36

[10:40] {magoo} +  alot

[10:40] {dptl} in ge

[10:41] {magoo} ty vad for telepathic short call

[10:41] {Threei}  lol

[10:41] {magoo} something compelled me

[10:41] {dino} gj

[10:42] {magoo} in ge

[10:44] {jfjf64} lets go  ge

[10:45] {magoo} vad is there news RIMM?

[10:46] {Threei}  nothing fresh or urgent

[10:48] {vinod} someone should kick the GE

[10:49] {Threei}  look at it's daily

[10:49] {Threei}  screams 14

[10:49] {vinod} nemo-What are they drinking on Wall Street?

[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010

[10:50] {Threei}  sigh

[10:51] {nemo} ge seems to be caught wit fas

[10:52] {nemo} am I here

[10:52] {ese} hello

[10:52] {ese} wondering the same

[10:52] {vinod} hello

[10:53] {magoo} i cant see any of u 3

[10:53] {vinod} my screen went blank

[10:53] {nemo} :)

[10:53] {nemo} usual state for my brain vinod

[10:54] {dino} same

[10:56] {Threei}  anything's going to qwork today?

[10:56] {dptl} ah...stopped ge

[10:56] {nemo} stopped

[10:57] {cosmo} ATVI test @ 11  fwiw

[10:57] {pita} stopped

[10:57] {fernp} stopped GE

[10:57] {Threei} Long Setup:  DNDN  half lot .10 break

[10:57] {Threei}  stop under .90

[10:58] {magoo} too funny..i just took 24 long

[10:58] {dptl} valid still ?

[10:59] {vinod} see you after 1.30

[10:59] {Threei}  yes

[10:59] {Threei}  take care vinod

[11:00] {magoo} bye v

[11:00] {dino} pnra big rinse-job

[11:01] {magoo} out

[11:01] {Threei}  invalidated DNDN

[11:01] {magoo} RIMM vad..near low

[11:03] {jfjf64} stopped ge

[11:05] {dino} filled gap yesterday rimm

[11:10] {cosmo} atvi 11 wall

[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows

[11:11] {dino} life to b/e stuck

[11:14] {dino} psys stopped -.34

[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT

[11:16] {dino} and ccl, rcl up

[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU

[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27

[11:24] {Threei}  what the deuce

[11:24] {Threei}  market is climbing, I can't find any play to follow it

[11:25] {Threei}  Prez on TV btw

[11:25] {dino} same

[11:28] {dino} psys rinsed too, rinse day

[11:30] {dino} 874.96

[11:31] {nemo} right at resistance

[11:31] {magoo} huge offer rimm vad 01

[11:32] {Threei}  so.. long on break?

[11:32] {magoo} yea

[11:32] {magoo} if eats it

[11:33] {magoo} unless its  the ole dupe and poop

[11:33] {Threei}  anyone sees anything on BCON and URRE?

[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {chinggis} any read on QLGC 3i?

[11:39] {Threei}  looks breaky

[11:39] {chinggis} ty

[11:39] {Threei}  if market resumes climb, should break

[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess

[11:43] {chinggis} in.68 out .74 qlgc

[11:43] {chinggis} ty

[11:43] {dino} psys s .84

[11:44] {dino} life stopped b/e

[11:44] {dino} spiked

[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL

[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no

[12:10] {dptl} cat short .60?

[12:11] {Threei}  looks right

[12:11] {Threei}  will require markethelp of course but the chart is right

[12:12] {Threei}  may want to think of aggressive entry

[12:12] {dptl} ok ty

[12:12] {Threei}  like .67 if stays under .75

[12:20] {magoo} u like GS short lord vader?

[12:21] {Threei}  I rarely like GS short...

[12:21] {Threei}  GS always goes up

[12:22] {Threei}  on serious note, I don't know mags

[12:22] {Threei}  I am obviously not in tune with market today so far,

[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes

[12:23] {Threei}  then again, there's not much to be in tune with today

[12:25] {magoo} NVAX takes 3

[12:33] {dino} pnra maybe double bottom in making

[12:33] {magoo} u got the ball dino..u make the call

[12:33] {Threei}  really... someone should

06[12:33] * Threei hides under the nearest rock

06[12:34] * magoo slaps magoo around a bit with a large trout

[12:35] {dptl} wfc ?

[12:36] {Threei}  still downtrending...

[12:37] {magoo} sh dndnm 

[12:37] {dptl} ye was thinking .90 break

[12:37] {Threei}  and does so against FAS

[12:37] {magoo} loss 24 

[12:37] {magoo} to fast

[12:37] {magoo} sheesh

[12:39] {magoo} sh GS here RISKY

[12:42] {magoo} DNDN 35:1 lol

[12:42] {magoo} 1 cent stop

[12:42] {nemo} DH

[12:43] {magoo} out .70

[12:45] {Threei}  I got tired of sitting... short CAT

[12:46] {Threei}  stop .81

[12:47] {dptl} in .72

[12:47] {nemo} in what?

[12:47] {Threei}  lol nemo

[12:47] {Threei}  lift your esy by two lines

[12:47] {Threei}  eyes

[12:48] {nemo} no dptl?

[12:48] {nemo} he went short cat there?

[12:48] {dptl} yes

[12:48] {nemo} o.k.

[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?

[12:49] {jfjf64} lets go

[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn

[12:49] {dptl} that would be nice 

[12:49] {magoo} look out johnny...EYEEEEEEEEe

[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?

[12:50] {Threei}  with magoo around that's a big no no

[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium

[12:52] {magoo} out GS loss dime

[12:52] {dptl} wfc .80 short?

[12:53] {Threei}  hard to tell...

[12:53] {Threei}  lost quite a bit already from the high

[12:54] {dino} sm pnra .95 l

[12:54] {magoo} out cat

[12:54] {magoo} loss 05

[12:55] {jfjf64} me too

[12:55] {jfjf64} loss06

[12:58] {Threei}  sigh

[12:58] {dptl} stopped

[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb

[13:00] {Threei}  considering size of stops, rather toes than lims

[13:08] {chinggis} cake?

[13:08] {Threei}  no thanks

[13:09] {Threei}  ok... a bit too extended here

[13:09] {Threei}  oullback, maybe

[13:09] {Threei}  break - no

[13:09] {chinggis} ok ty

[13:13] {nemo} wfc vad

[13:16] {vinod} I see lots of smily face!!!!!!

[13:17] {nemo} where?

[13:17] {Threei}  where?

[13:17] {vinod} here?

[13:17] {Threei}  I hear a lot of snorring

[13:17] {nemo} damn wfc

[13:17] {pita} counting lost toes.....

[13:17] {vinod} just to make you guy laugh

[13:18] {nemo} don't quit your day job vinod

[13:18] {Threei}  all three of them?

[13:18] {Threei}  toes I mean

[13:18] {vinod} I can do limited here plus can't use software you guy using

[13:18] {nemo} what?

[13:19] {Threei}  what what?

[13:19] {nemo} oh, pita???

[13:19] {pita} yeahh

[13:19] {pita} three toed sloth I guess

[13:20] {Threei}  BAC

[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT

[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE

[13:23] {Threei}  - Does not believe any systemically important banks will fail

[13:23] {Threei}  wow

[13:24] {dino}  875.97

[13:24] {Threei}  that's as good excuse for the market to go up as any

[13:28] {jfjf64} ms

[13:28] {magoo} MS animal

[13:30] {vinod} now everyone on side line are going in?

[13:31] {Threei}  yes but we are approaching Fed time

[13:35] {pita} adios amigos

[13:35] {magoo} adios muchachos

[13:35] {Threei}  take care pita

[13:37] {dino} cya pita

[13:49] {vinod}  market is primed for a big move…up or down

[13:49] {magoo} UP

[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[

[13:50] {magoo} or down lol

[13:50] {vinod} why you wants short to be killed

[13:51] {vinod} they are half dead

[13:51] {dptl} have a good evening all

[13:51] {larisa} bye dp

06[13:52] * magoo slaps dptl around a bit with a large trout

[13:52] {Threei}  take care dp

[13:53] {vinod} money from helicopters coming

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

[13:56] {laserdave} somehow i new that was coming

[13:59] {magoo} huh?

06[13:59] * magoo slaps dino around a bit with a large trout

06[13:59] * magoo slaps Threei around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps nemo around a bit with a large trout

06[13:59] * magoo slaps patience around a bit with a large trout

06[13:59] * Raven slaps magoo around a bit with a large trout

[13:59] {Raven} clam down !

[13:59] {magoo} HEY..what  i do?

[13:59] {Threei}  dino... you hid his Prozac or what?

[14:07] {dino} he's a pain in the azz

[14:07] {ese} whoa that looks like a heck of beating larisa......

[14:07] {ese} hows everyone......got called away on some business

[14:07] {larisa} looks like I am his favorite :)

[14:08] {ese} i'll say

[14:08] {larisa} or finger got stuck

[14:08] {dino} light day for me lots of rinses

[14:08] {ese} ya...i only gave drys a try earlier dino

[14:08] {ese} basically got rinsed

[14:09] {Threei}  he just head a seizure larisa... :)

[14:09] {larisa} or that :)

[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...

[14:10] {ese} s/p bouncing off support

[14:12] {magoo} plus booze

[14:13] {ese} in for a bit....gone for the day....catch you all tomorow

[14:13] {Threei}  2 min

[14:13] {magoo} okdow up 188 before fed

[14:13] {magoo} naz up 44

[14:14] {magoo} strtategy vad?

[14:15] {nemo} shhhhhhh....don't wake him up mags

[14:15] {Threei}  shrug

[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;

[14:16] {magoo} unchanged

[14:16] {Threei}  as if anyone doubted that

[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH

[14:21] {nemo} TBT exploding

[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING

[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged

[14:22] {Threei}  - Vote was 10-0

[14:22] {Threei}  - Sees some risk for inflation to be below desired levels

[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs

[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March

[14:23] {nemo} TBT up 1.50 in 5 minutes

[14:23] {nemo} non DNDN...

[14:24] {dino} tbt not believing inflation risk low

[14:24] {nemo} me neither

[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either

[14:26] {magoo} see my dn up dn up call true

[14:26] {Threei}  TBT probably reacted to this line

[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged

[14:27] {nemo} leaving the liquidity in the market

[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks

[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts

[14:28] {Threei}  BAC

[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS

[14:30] {nemo} that's a riot.  GLD craters

[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?

[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think

[14:33] {nemo} fas to new highs

[14:33] {nemo} 400 point day coming on the dow?

[14:34] {Threei}  lwet's see if we get pullback to try

[14:34] {Threei}  FAS around .30

[14:34] {Threei}  WFC .10

[14:36] {magoo} dndn crushed in this big up move

[14:37] {vinod} how good is volume?

[14:38] {nemo} lousy as of 20 minutes ago

[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P

[14:39] {nemo} wfc

[14:39] {nemo} shit was sitting at .11

[14:40] {nemo} miners are up big

[14:41] {dino} pnra stop to .60

[14:42] {dino} to .69

[14:42] {dino} out +.74

[14:44] {nemo} dino....lucky again....:)

[14:46] {dino} y

[14:49] {Threei}  +400 day got canceled or what?

[14:49] {nemo} ask larisa

[14:49] {dino} cern

[14:50] {larisa} +200 is not good enough for you ? :)

[14:50] {Threei}  not if we haven't gotten a way to exploit it

[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 

[14:52] {nemo} cute...that's what we say in general

[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW

[14:53] {Threei}  what did he want to hear?

[14:53] {nemo} that guy pisses me off

[14:55] {dino} talks his book

[14:55] {nemo} yes, I understand.  Too close to a politician for me

[14:55] {Threei}  in WFC .81

[14:55] {dino} 60 pt drop

[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY

[14:59] {Threei}  out .87

[14:59] {jfjf64} out.85

[14:59] {Threei}  as dawg would say, chrissake trade

[14:59] {jfjf64} gm on vad

[15:00] {Threei}  this is frikin first win today for me, lol

[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}

[15:01] {jfjf64} only 3  pm

[15:01] {Threei}  no fish for you

[15:01] {nemo} try a sledge

[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac

[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you

[15:02] {Threei}  problem is, he enjoys it too much

[15:02] {magoo} man..what i gotta say to get slapped?

[15:03] {magoo} u suk iss BAD

[15:03] {Threei}  see?

[15:07] {dino} sm s tbt .20

[15:08] {Threei}  MGM HALTED

[15:08] {larisa} AMZN does not look happy

[15:09] {Threei}  LVS can be the way to play MGM news when it appears

[15:12] {Threei}  Fiat

[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT

[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!

[15:23] {Threei}  WFC getting tempting again

[15:24] {dino} gj larisa

[15:24] {Threei}  wtg

[15:25] {larisa} lol

[15:25] {dino} pnra app. lod

[15:26] {Threei}  larisa... even +200 becomes [roblematic

[15:27] {dino} 100 pt drop

[15:27] {Threei}  is that how you deminstrate the power of market goddess?

[15:27] {Threei}  okay.... bounce time

[15:27] {larisa} +200 she will give us

[15:27] {Threei}  in WFC

[15:28] {Threei}  half out .52

[15:28] {Threei}  +.10

[15:28] {Threei}  wanted FAS too but that one got away

[15:31] {Threei}  second half didn't work

[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL

[15:32] {Threei}  {XLF}

[15:34] {jfjf64} ??

[15:35] {magoo} dndn

[15:39] {Threei}  that last WFC dive was wotrth holding eh

[15:39] {dino} tbt bstop to .01

[15:39] {nemo} 3rd eye a bit fogged

[15:43] {dino} cov tbt .90, +.30

[15:45] {Threei}  why did I wake up today?

[15:45] {nemo} duh?  It's more like why did you trade today...

[15:45] {dino} rimm, intc, txn not really participating

[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in

[15:46] {dino} took me until afternoon vad

[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks

[15:47] {Threei}  and magoo's stinkin' fish

[15:47] {nemo} That wasn't caustic

[15:47] {dino} least you don't have to look at him

[15:47] {Threei}  lol... you win dino

[15:48] {dino} blow off top?

[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM

[15:54] {Threei}  okay guys

[15:55] {Threei}  waste of the day

[15:55] {Threei}  we will get them tomorrow

[15:55] {Threei}  unless they get us

[15:55] {Threei}  have a good evening, see you tomorrow

[15:55] {nemo} paranoid?

[15:55] {dino} pnra lod

[16:00] {vint} good evening all (have been in and out last couple of days..)

[16:01] {dino} take care all, tee time in 30