May 04 2009

Nicely profitable day. Just 3 trades, but all 3 are profitable and all are bigger than scalps. RIMM long, GLD and EXPD shorts, with two trades reaching 50 cents profit.

Session Time: Mon May 04 00:00:00 2009

[07:54] {nemo} morning

[08:03] {Threei}  Good morning

[08:04] {Threei}  ACAD

[08:04] {Threei}  07:30am [ACAD] Enters into Collaboration and License Agreement with Biovail for Pimavanserin; Gets $30M upfront payment, 15%+ royalty and earnouts

[08:04] {Threei}  07:16am [DRYS] Price Target raised to $12 from $10 at Jefferies, maintains Buy rating

[08:04] {magoo} mornig

[08:05] {Threei}  mags :)

[08:05] {magoo} hi vad

[08:05] {Threei}  how's ankle?

[08:06] {magoo} actually, i habvve another doc apptmt today at 2:45, but feels alot better..ty for asking

[08:06] {Threei}  :)

[08:07] {magoo} any news RIMM..gapping

[08:07] {Threei}  don't make much out of it though, sometimes I simply pretend I care

[08:07] {magoo} disclaimer lol?

[08:07] {Threei}  yes :)

[08:07] {Threei}  05/04/09 00:22am

[08:07] {Threei}  [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:07] {Threei}  - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:07] {Threei}  - FY11 EPS target raised from $4.93 to $5.10

[08:07] {Threei}  - FY12 EPS target raised from $6.02 to $6.03

[08:07] {Threei}  - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:09] {magoo} ty

[08:12] {magoo} any news goog or bidu?

[08:14] {Threei}  no

[08:14] {magoo} how about apol and esi?{dino plays today}

[08:16] {Threei}  no

[08:16] {magoo} thanx 

[08:17] {Threei}  DRYS Fri high is 8.79

[08:18] {Threei}  (US) WHITE HOUSE AIDE: ADMINISTRATION PLANNING PROPOSED CHANGES TO TAX TREATMENT OF US FIRMS THAT OPERATE OVERSEAS

[08:18] {Threei}  - Reminder: Back on April 22, the WSJ discussed the impact of the Obama administration's proposals to tax offshore profits, noting that it might have a sizable impact on the likes of Pfizer, Cisco, Coca-Cola and Hewlett-Packard, which shelter tens of billions in income offshore annually.

[08:18] {Threei}  - Also noted that under current law, US companies can defer taxes indefinitely on the profits they say they have earned overseas until they "repatriate" that money back to the US. The administration has proposed changing this law, and has already baked in the new tax receipts into its budget figures for 2011.

[08:19] {Threei}  - The WSJ article examined securities filings of more than two dozen big companies to see who has the most at stake. Just 10 of the largest companies accumulated nearly $58B in such earnings during 2008, representing about $20B in potential tax revenue. Total US corporate tax receipts last year were around $304B

[08:21] {magoo} is there a set time for streess test results to be released today?

[08:21] {Threei}  today?

[08:21] {Threei}  they pushed it up to may 7

[08:22] {Threei}  and will probably talk it to death inbetween

[08:22] {Threei}  all kinds of rumors are flying around meanwhile

[08:22] {Threei}  about how many banks will need to raise capital,

[08:23] {Threei}  and banks objecting to test findings

[08:23] {Threei}  what a mess

[08:23] {magoo} oh..didnt know date changed

[08:24] {Threei}  yeah, last week announcement

[08:25] {magoo} DNDN CEO sell some stock friday as well as others in mangt

[08:26] {Threei}  why wouldn't they

[08:26] {Threei}  if I weere them, I would be already totally out of it, and waiting for it to return to earth

[08:27] {nemo} hello

[08:28] {Threei}  nemo :)_

[08:34] {nemo} any news RIMM?

[08:34] {Threei}  [08:07] {Threei} [RIMM] Research in Motion Ltd Added to "Conviction Buy" list at Goldman Sachs, price target $85; 6-month Target Price and FY2010-12 EPS Raised

[08:34] {Threei}  [08:07] {Threei} - FY10 EPS target raised from $4.01 to $4.17 ($4.60e)

[08:34] {Threei}  [08:07] {Threei} - FY11 EPS target raised from $4.93 to $5.10

[08:34] {Threei}  [08:07] {Threei} - FY12 EPS target raised from $6.02 to $6.03

[08:34] {Threei}  [08:07] {Threei} - Six-month price target: $85.00 v $82.00 prior (last: $72.30), determined by 18x target for PE (In contrast, cites Apple's 22x, Nokia's 16x, and QCOM's 25x target multiples)

[08:35] {Threei}  WARREN BUFFET: EXPRESSES OPTIMISTIC ON US LONG TERM OUTLOOK

[08:37] {Threei}  BUT UNSURE OF SHORT TERM OUTLOOK - CNBC

[08:37] {Threei}  - Economy will be fine in 5 years, but unsure of outlook in 3 months or up to 2 years

[08:37] {Threei}  - Residential real estate improving in some key areas

[08:37] {Threei}  - Does not know outcome fo stress tests

[08:44] {Threei}  was fairly tempted to call DRYS and SQNM over weekend holds... both would have worked beautifully

[08:44] {Threei}  these stress tests keep me hesitant

[08:45] {Threei}  keep an eye on ACAD

[08:52] {Threei}  REPORTEDLY FIAT HAS OFFERED 1B FOR OPEL OPERATIONS

[08:52] {Threei}  - Plan would involve the closing several manufactoring site

[08:52] {Threei}  - No new date has been set for second meeting between parties

[08:52] {Threei}  - Reminder: CEO of Fiat, OPEL and German officials have been meeting to discuss Fiat's offer/plan{EWG F.IT}

[08:53] {pita} greetings all

[08:53] {Threei}  pita :)

[08:54] {Threei}  BAC

[08:54] {Threei}  NOT WORKING ON PLANS TO RAISE $10B IN EQUITY

[08:54] {Threei}  hmmm

[08:54] {Threei}  whta kind of annoucement is that

[08:55] {dptl} good morning all

[08:55] {Threei}  dp :)

[08:55] {Threei}  can mean just about anything

[08:55] {Threei}  like:

[08:55] {Threei}  but working on plans tro raise 11 B

[08:55] {Threei}  or

[08:55] {Threei}  not working on those plans, they are ready to go

[08:56] {Threei}  there you go, second lne appeared:

[08:56] {Threei}  HAS NOT BEEN GIVEN FINAL NUMBER BY FEDERAL RESERVE

[08:56] {Threei}  lol

[08:56] {cosmo} maybe its just too stressfull

[08:56] {Threei}  I'd guess so

[08:56] {Threei}  sqnm

[08:57] {Threei}  DRYS near break level

[08:57] {Threei}  just hate buying breaks on this onwe

[08:57] {cosmo} CENX

[08:58] {cosmo} needs to fill January gap

[09:03] {fernp} Hello everybody

[09:04] {Threei}  fern :)

[09:04] {Threei}  GM

[09:04] {Threei}  CONFIRMS TO PROCEED WITH SALE OF SATURN

[09:04] {Threei}  - Number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network.

[09:04] {Threei}  - GM will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year

[09:05] {Threei}  CSIQ

[09:05] {Threei}  ANNOUNCES 5MW CONTRACT

[09:07] {Threei}  nice reaction CSIQ

[09:07] {Threei}  - Announced that it has signed a new sales agreement with Topinfrasolar, a Korean systems integrator, which will expand the relationship and supply agreement by an additional 5 MW.

[09:07] {Threei}  - The contracted deliveries may include both regular and e-Modules and stipulates deliveries for Korean installations in 2009.

[09:07] {Threei}  - Canadian Solar and Topinfrasolar have had a successful business relationship since the beginning of 2009 that has already resulted in the successful delivery to five projects of approximately 3 MW in total.

[09:10] {dino} gm all

[09:11] {Threei}  dino :)

[09:11] {dino} 5 down mondays, does it continue?

[09:16] {Threei}  RIMM CEO: STILL SEES LARGE UNTAPPED MARKETS

[09:16] {Threei}  no kidding, I haven't seen any single penguin with blackberry

[09:16] {ese} good morning

[09:16] {Threei}  ese :)

[09:17] {ese} morning vad...patience.....did either of you see the article about me in Boulivard Magazine here yestereday?

[09:18] {Threei}  yes ese :)

[09:19] {Threei}  thought Hey!! I know this face!

[09:19] {ese} what did you think?

[09:19] {jfjf64} mornin

[09:19] {ese} jf

[09:19] {Threei}  being a male species, I don't think anything looking at other male photos...

[09:20] {Threei}  jf :)

[09:20] {ese} ha ha ....ha ha.......

[09:20] {patience} good morning all, and no ese, i haven't seen it yet...are you in it?

[09:21] {ese} yes....article from page 26 to P.30

[09:21] {patience} i will pick one up today

[09:21] {patience} so cool ese

[09:22] {ese} whatever you do though....don't tell magoo that i dragged his character though the mud.......

[09:23] {nemo} back internet problems

[09:23] {ese} and nemo right along with......

[09:24] {nemo} what ese?

[09:24] {ese} had an article done on me in one of our major magazines here

[09:25] {ese} Boulivard Magazine........

[09:26] {nemo} in anything?

[09:26] {ese} Music.....and the program i run at my high school

[09:26] {Threei}  on watch: DRYS, SQNM, ACAD

[09:27] {ese} someone take a look at the daily chart of FITB and tell me if they see a major Bull flag forming there

[09:27] {ese} last 17 days

[09:27] {chinggis} gm all

[09:27] {Threei}  chinggis :)

[09:27] {ese} cha ching

[09:28] {Threei}  ese, chart wise rather yes, but being in financial sector it's subjected to all this hoopla with stess tests

[09:28] {nemo} Tck up almost another buck wtf quintupled since march

[09:28] {Threei}  which can intorduce a lot of surpises and volatility

[09:28] {ese} ya thats coming out thursday right

[09:35] {Threei}  RIMM, watching for long entry on sharp selling,

[09:35] {Threei}  under .40

[09:35] {Threei}  don't be in rush to enter

[09:35] {nemo} Young bull old bull

[09:36] {ese} Looking for FITB to pull back to .02 premarket high 

[09:37] {ese} L Fitb .97

[09:37] {Threei}  RIMM is not ready yet

[09:38] {Threei}  one more shrp red bar is needed

[09:39] {Threei}  ok, almost there

[09:39] {Threei}  half lot, get ready

[09:39] {Threei}  74 break

[09:40] {Threei}  stop under .85

[09:40] {magoo} in

[09:40] {dptl} in .04

[09:40] {Threei}  1:1

[09:40] {Threei}  and over

[09:40] {magoo} .99

[09:40] {nemo} missed

[09:40] {Threei}  half out or scalp

[09:41] {Threei}  stop to .95 if keeping half

[09:41] {ese} out Fitb .05 

[09:41] {dptl} all out .20 ty

[09:41] {Threei}  try to get .40 - .50 on exit

[09:41] {ese} +.08

[09:41] {Threei}  there

[09:41] {Threei}  me done

[09:42] {magoo} out .34 TY vad.NICE

[09:42] {ese} just looked at yours ...nice one boys

[09:42] {larisa} ty vad, got +.50

[09:42] {jfjf64} ty

[09:42] {Threei}  welcome guys

[09:43] {Threei}  and gals

[09:43] {wulff} how did you know it needed one more red bar?

[09:43] {jfjf64} hmm

[09:44] {magoo} all his experience hanging out in communists taverns

[09:44] {Threei}  lol

[09:44] {wulff} starting to think that

[09:44] {Threei}  most things are technical

[09:44] {Threei}  some are guts

[09:44] {Threei}  this one was guts

[09:45] {wulff} and cash cushion

[09:46] {Threei}  ACAD... grrr

[09:46] {Threei}  I never felt safe enough for entry

[09:46] {Threei}  that opening bar on it made it a bit out of my risk tolerance zone

[09:47] {Threei}  70 cents jump on $2 stock...

[09:47] {Threei}  BUCY

[09:47] {Threei}  let's see if breakout buyers get trapped

[09:48] {Threei}  and enter on sharp pullback if that happens

[09:49] {nemo} pcx , aci an mee in tht space too

[09:50] {dino} sm l mant .49

[09:51] {ese} L fitb again .00

[09:51] {wulff} 1.5 million shares

[09:51] {ese} ummmmmmm no....not this time

[09:52] {nemo} wuss

[09:52] {ese} it is up there though

[09:52] {ese} 10k

[09:52] {nemo} girlieman

[09:52] {ese}  the first one was 15k

[09:52] {ese} by .08

[09:53] {Threei}  so far so good

[09:53] {ese} out FITB .05

[09:53] {Threei}  prepare half lot BUCY

[09:53] {Threei}  idea of the trade:

[09:53] {ese} +.05 on 10k

[09:53] {Threei}  feels like stops are located under .80,

[09:54] {Threei}  if they get triggered, we should get quick downdraft into .50 - .60 zone

[09:54] {ese} that was pretty funny there nemo........I'll get ya though

[09:54] {nemo} What can I say, I'm jealous

[09:55] {ese} This make up for friday 

[09:55] {Threei}  FITB seems to be following FAS quite close today, ese

[09:55] {ese} yes

[09:56] {ese} and qqqq....taking signal from both

[09:56] {nemo} BUCY strting to form a C&H?

[09:57] {nemo} or a ladle?

[09:57] {nemo} :)

[09:57] {Threei}  I don't l;ike the idea of breakout on it

[09:57] {nemo} yeah, but all the coals are moving up

[09:57] {Threei}  if that what happens, I'll rather let it go

[10:00] {Threei}  *MAR PENDING HOMES SALES (M/M): 3.2% V 0.0%E

[10:00] {ese} other thing about FITB ...this bull flag it's forming explains it's trading habit lately.....less volume/less range....after it breaks out of it one way or the other should go back to normal for a few days 

[10:00] {Threei}  *MAR CONSTRUCTION SPENDING (M/M): 0.3% V -1.6%E

[10:00] {Threei}  - prior revised from -0.9% to -1.0%

[10:00] {ese} should be able to take advantage of that

[10:01] {ese} hmmm positive numbers should help today

[10:02] {Threei}  quite a spike

[10:02] {nemo} yep

[10:02] {Threei}  watching ENER

[10:02] {jfjf64} y

[10:02] {Threei}  want to see shallow pullback, then 20 long trigger

[10:02] {dino} apol sm l .10 stop .74

[10:03] {ese} L Fitb .04

[10:05] {ese} all out Fitb .10 

[10:05] {ese}  +.06

[10:05] {ese} cool ...just got in at .04 before it shot up

[10:05] {Threei}  nice one

[10:06] {ese} i'll take that one vad....bit lucky but i'll take it

[10:06] {Threei}  your ATM is firing up on all cilinders

[10:06] {ese} yup so far

[10:06] {nemo} whoa apol

[10:07] {dino} \apol stopped

[10:07] {Threei} Long Setup:  JNPR  .20 break if stays above .15

[10:12] {Threei}  RMBS...

[10:12] {dino} mant stop to .79

[10:12] {dino} out +.30

[10:14] {nemo} watching apol dino?

[10:15] {dptl} cat?

[10:16] {ese} L HBAN .07

[10:16] {nemo} .07 ese?

[10:18] {ese} opps .77

[10:18] {ese} this one burned me on friday......we'll see what happen this time

[10:19] {dino} y nemo

[10:19] {dino} pl

[10:20] {larisa} nice alert CAT dp, hope you took it

[10:21] {dptl} no i didn't

[10:21] {larisa} beautiful base, good eye anyway

[10:21] {dptl} ty

[10:22] {Threei} Short Setup: QLD  .50 break if stays under .55

[10:22] {nemo} chinese stocks exploded

[10:22] {dino} mgl sm l .50

[10:22] {dino} mgln

[10:24] {jfjf64} qld   invalid??

[10:25] {Threei}  yes - unless you reestablishes the range

[10:25] {Threei}  or unless you are willing to keep stop above .60

[10:25] {jfjf64} ty

[10:25] {Threei}  I don't like this entry here

[10:25] {dino} agys

[10:26] {Threei}  would rather wait for it to bounce, show inability to make new high

[10:26] {Threei}  so I could hunt for aggressive entry closer to resistance

[10:27] {dino} nafc

[10:29] {fernp} YHOO pullback, Vad?

[10:30] {Threei}  .16 long with stop under .10?

[10:30] {fernp} y

[10:30] {Threei}  if market resumes upward, sure

[10:30] {dino} mgln stop to .47

[10:31] {Threei}  especially if makes 1-2 more moves between these limits

[10:31] {dino} ugh apol

[10:31] {fernp} ty

[10:31] {Threei}  if sets up, scalp only... I wouldn't expect much from YHOO

[10:32] {fernp} ok 

[10:37] {dino} risky sm apol .60 l

[10:39] {dino} to .90 apol

[10:39] {dino} out +.30

[10:40] {Threei}  FITB gains more relative strength

[10:41] {Threei}  ahead of both FAS and NASDAQ now

[10:41] {dino} mgln to b/e

[10:41] {dino} nafc

[10:41] {ese} just noticed that.....

[10:42] {nemo} now this is important stuff: http://finance.yahoo.com/news/High-court-throws-out-ruling-apf-15118508.html

[10:42] {magoo} laserr says cant SHORT SPY per SEC??

[10:43] {dino} use sds but 2x

[10:43] {dino} sh 1x

[10:43] {nemo} or short sso

[10:43] {dino} opps sh long

[10:43] {dino} nope disregard

[10:43] {Threei}  just no shares mags

[10:44] {nemo} :)

[10:44] {Threei}  they simplified message

[10:44] {dino} sh= short

[10:44] {magoo} got it ty

[10:44] {nemo} sso=S&P 2x long  sds=S&P 2x short

[10:44] {Threei}  used to be a few different explanations

[10:46] {nemo} no volume again.  Ma and Pa are staying out of this dance, looks like it's going to just be the pros.  Makes sense though.  Ma and Pa are probably done for a looooonngggg timeeeee

[10:46] {larisa} I hope you are wrong, it is harder to compete wih pros :) 

[10:47] {dino} don't overthink, just trade

[10:47] {nemo} It would make sense though...so I am probably wrong...but how disillusioned do you think people are now?

[10:47] {dino} in the end nothing matters

[10:47] {nemo} I'm not Dino, just noticing the volumes...yeah in the end, we're dead

[10:48] {magoo} yup..we're all just dust in the wind

[10:48] {dino} well at the close what matters?????????????/

[10:48] {Threei}  philosophical mood is setting

[10:48] {nemo} here we go...thanks Kerry

[10:50] {chinggis} Vad CENX pullback playable?

[10:50] {dino} apol sm l .70

[10:51] {Threei}  this pullback to .50 is so shallow, I would rather go for break of ,60

[10:51] {Threei}  if loses .50 before breaking, will have to reevaluate next support

[10:52] {chinggis} ok Ty Vad

[10:52] {Threei}  keep an eye on AA chinggis

[10:52] {chinggis} ok

[10:52] {Threei}  you want to see AA strength for CENX break

[10:53] {chinggis} ok ty

[10:57] {Threei}  beautiful

[10:57] {Threei}  out?

[10:57] {chinggis} i did not play

[10:57] {chinggis} missed

[10:57] {Threei}  awww

[10:57] {Threei}  good find

[10:58] {chinggis} :(

[10:58] {Threei}  anyone went for it?

[10:59] {chinggis} ty

[11:00] {dino} yobama coming on tv

[11:00] {nemo} short anything?

[11:03] {dino} mgln stopped flat

[11:06] {dino} apol stopped flat

[11:07] {nemo} yobama effect

[11:10] {ese} for crying out loud&^%^%$ HBan

[11:11] {nemo} trap door...hope the noose was snug

[11:11] {ese} Out HBAN.......,02 =.05

[11:11] {Threei}  CEO: CREDIT CARD UNIT IS THE 'MOST UNDER STRESS' OF OUR BUSINESS SEGMENTS; THERE REMAIN TOO MANY BANKS IN THE US - CONF COMMENTS

[11:11] {ese} thats -}05

[11:11] {Threei}  JPM

[11:12] {ese} piece of S....&^&$# stock

[11:13] {jfjf64} jpm

[11:15] {ese} burns me friday burns me today......never want to see it again......whos rnning that bank anyway....blah blah blah

[11:15] {chinggis} Is AA gonna break hod?

[11:15] {pita} skipped today's burn, ese, still smarting from Fri.

[11:16] {Threei}  looks this way but it's very slow and narrow

[11:16] {ese} true

[11:16] {chinggis} ok ty Vad

[11:16] {Threei}  CENX is much better player in this field

[11:16] {ese} everything heading up....it's heading dn.....bad sign

[11:17] {dino} sm risky l apol .15

[11:18] {nemo} volume has picked up significantly

[11:19] {ese} gonna pass on this one for along time pita

[11:21] {pita} yeah

[11:21] {pita} FITB more stable

[11:23] {pita} cheap stock with good volume - tempting

[11:24] {ese} yes but it's reached it's maximum trading range for the day

[11:24] {ese} up from here is a gamble

[11:25] {pita} FITB?

[11:26] {ese} yes....it tends to move about .40 a day and it's at .45

[11:26] {pita} k

[11:29] {ese} looks like it wants up pita.....but i'm good for the day with it

[11:30] {pita} know when to say when...

[11:30] {ese} would love to short HBAN right into the ground.........i'm not bitter!!!!   no sir 

[11:31] {magoo} its not butter?

[11:31] {ese} just want it to get it's just deserts

[11:31] {nemo} mags...painkillers kicking in?

[11:32] {jfjf64} lol

[11:32] {ese} maybe that would be better mags.....slide it into the ground painfully

[11:35] {Threei}  FITB just won't quit

[11:37] {ese} ya l'll say

[11:37] {ese} skys the limit past .40   three day high

[11:38] {ese} breaking out of bull flag to the upside

[11:38] {Threei}  Timmy on TV

[11:39] {Threei}  Prez now

[11:42] {ese} what are they saying.......market about to tank?

[11:43] {Threei}  tax shelters closing

[11:44] {nemo} All that homeless money kicked out into the street

[11:44] {magoo} and mkts like this vad?

[11:44] {Threei} Short Setup: QLD  .30 break

[11:45] {Threei}  if moves closer to .40, agressive entry will be preferred

[11:45] {jfjf64} charlie  wont  let  me   short     

[11:46] {Threei}  if never breaks .35, then regular entry

[11:48] {Threei}  first weakness from here

[11:48] {Threei}  if stays below .50

[11:48] {Threei}  .43 in

[11:48] {Threei}  stop just above .50

[11:50] {dptl} in .42

[11:52] {Threei}  if you are very very stingy, trail stop to above .45

[11:52] {Threei}  1:1 already

[11:53] {pita} ty

[11:53] {Threei}  welcome

[11:53] {dptl} half out

[11:53] {Threei}  beautiful entry eh

[11:54] {Threei}  2- 3 cents under the high

[11:57] {ese} fitb ...here comes the interesting part will it break by .40

[11:58] {dptl} more out .23 ty

[11:58] {ese} going against qqqq good sign

[12:01] {dptl} out last  

[12:02] {ese} you short qld dp?

[12:02] {dptl} yes all out now

[12:02] {ese} at .42.....nice one

[12:03] {dptl} +.10 +.19 and +.09

[12:03] {ese} high five**

[12:04] {dptl} high five..thnx to Vad :)

[12:05] {ese} high five to vad**

[12:05] {dptl} shhh...you gonna wake him up :)

[12:08] {ese} zzzzzzz....snort.....graugel....zzzzzzzz  can hear him now

[12:08] {Threei}  lol

[12:13] {Threei}  WFC

[12:13] {Threei}  REGULATORS REPORTEDLY TELL WFC TO SHORE UP THEIR BALANCE SHEET

[12:14] {nemo} must be why they

[12:14] {nemo} they

[12:14] {nemo} they're up almost 2 bucks

[12:15] {Threei}  this is fresh news, and it dropped when it hit

[12:15] {Threei}  - Note: overnight the FT reported that stress test results suggest Wells Fargo (among other banks) may need additional capital.{

[12:15] {nemo} yeah, but that they were on the list came out before

[12:17] {Threei}  as larisa would say... you worry too much {G}

[12:17] {nemo} look at Apol dino

[12:17] {Threei}  or as dino would say... you overthink it

[12:17] {dino} i don't know how, but apolk sold at 58.85, +.70

[12:18] {dino} apol

[12:18] {nemo} when did you go long?

[12:18] {dino} missed esi at 89.50

[12:18] {dino} awhile nemo, sm wide

[12:19] {dino} lucky

[12:21] {ese} just flound out that you can read boulivard magzine online....the article on me is P.26 to P29

[12:21] {ese} http://www.victoriaboulevard.com/

[12:21] {nemo} is that how you spell it?

[12:27] {dino} lanc s .92 sm

[12:31] {nemo} cool ese.

[12:37] {ese} tks....it was nicely done i thought...

[12:37] {nemo} yes...Our local high school jazz band is a quality product also..it's always a nice surprise

[12:41] {dino} cool es

[12:42] {ese} tks dino......i haven't had time to see it yet......do they show the photos as well....

[12:42] {dino} some

[12:42] {ese} have just read the actual magazine article

[12:42] {nemo} you and one of with the kids

[12:44] {dino} lanc stopped -.28

[13:02] {chinggis} spwra?

[13:05] {Threei}  hard to tell...

[13:05] {Threei}  nice chart

[13:05] {Threei}  but churns in place ever so slowly

[13:05] {chinggis} ok ty

[13:11] {dino}  mant lod

[13:11] {dino} sm l .05

[13:13] {dino} celg sm l .70

[13:16] {Threei}  crazy spike

[13:16] {chinggis} yeah

[13:24] {Threei} Short Setup: EXPD  38 break if stays under .10, half lot

[13:26] {Threei}  Just 18% of Americans think the United Auto Workers union and the federal government will do a good job running Chrysler and General Motors

[13:26] {Threei}  I'd say, we have 18% of sleepwalking

[13:28] {Threei}  WHITE HOUSE'S GIBBS: SOME BANKS WILL NEED MORE CAPITAL

[13:29] {ese} outta here all see ya tomorow

[13:29] {Threei}  take care ese

[13:29] {pita} me too cu all later

[13:30] {Threei}  pita :)

[13:31] {larisa} EXPD up on no news ?

[13:31] {Threei}  yes

[13:31] {larisa} ty

[13:31] {Threei}  I'd say, dminishing concerns about swine flu

[13:31] {jfjf64} short still valid?

[13:31] {Threei}  yes

[13:32] {Threei}  it never broke .10

[13:33] {dino}  apol sm l .05

[13:36] {Threei}  FITB will nevert stop

[13:36] {Threei}  ever

[13:39] {chinggis} l cenx .83

[13:46] {dino} isle

[13:47] {dptl} in expd .99

[13:48] {chinggis} slow.. out cenx

[13:48] {nemo} inn expd

[13:52] {magoo} i have doc apptmt now..c u tommorrow

[13:52] {nemo} good luck mags

[13:52] {Threei}  take care mags, good luck

[13:53] {Threei}  don't kick doc with your broken leg

[13:53] {magoo} ty..good luk to u all trading

[13:54] {Threei}  1:1, half out

[13:54] {nemo} yep

[13:54] {Threei}  scalpers are scalpers of course

[13:55] {Threei}  I'll try to squeeze more out of it

[13:55] {dptl} 2/3 out 

[13:55] {Threei}  looks to me so done, give me a fork to put in it

[13:56] {larisa} but why so dead at the top.. wierd one. good luck though :)

[13:57] {dptl} all out ty

[13:57] {Threei}  1:2

[13:57] {nemo} me too

[13:57] {Threei}  traitors

[13:57] {Threei}  left me alone

[13:57] {nemo} scalper

[13:58] {Threei}  me be laughing last

[13:58] {nemo} RIMM VAD

[13:58] {Threei}  .80 short?

[13:59] {nemo} I was thinking that but if it stays below .90

[13:59] {Threei}  let it trade for now, watch how it slides to .80

[13:59] {Threei}  if slowly and nicely, short breakdown

[13:59] {Threei}  if drops into .80- verticsally, let it go

[14:00] {Threei}  this market bo7unce looks unconvincing to me

[14:00] {Threei}  we are going lower

[14:00] {dino} cmtl sm l .25

[14:01] {Threei}  FED SURVEY: BANKS EXPECTING ADDED DETORIATION IN LOAN QUALITY

[14:06] {Threei}  ECPD 1:3

[14:06] {Threei}  lower going we are

[14:07] {nemo} ok back in

[14:07] {Threei}  hmm?

[14:07] {larisa} nemo wants 37 on it :)

[14:07] {nemo} I was out @ 2:1 BUT GIVEN YOUR CONVICTION i DIDN'T WANT YOU TO BE HERE ALONE

[14:08] {nemo} sorry about the caps

[14:08] {Threei}  that's questionable decision from risk management point of view

[14:08] {Threei}  conviction alone is cheap

[14:08] {nemo} yeah, it's looking worse

[14:08] {Threei}  the game is about risk exchange

[14:09] {Threei}  with entry 30 cents higher my risk is zilch

[14:09] {Threei}  entry here is way riskier

[14:09] {nemo} and I took my eye off rimm

[14:11] {Threei}  1:4 baby

[14:12] {Threei}  covered 1/4 more .61, +.38

[14:13] {Threei}  me happy

[14:14] {Threei}  not jump-up-and-down-happy, but this masculine tempered smile happy

[14:14] {dino} anybody know when stamps go up in usa?

[14:14] {Threei}  nice drop RIMM

[14:15] {larisa} may 11 dino

[14:15] {dino} to what?

[14:15] {larisa} 44 from 42 I think

[14:15] {dino} ty

[14:15] {larisa} yw

[14:18] {larisa} something wrong with HIG, keeps rising :)

[14:19] {Threei}  yeah... looked at it a few times, couldn't bring myself to call it

[14:21] {larisa} I'm trying to stay away from it too 

[14:21] {larisa} :)

[14:35] {wulff} just came back. what on earth happened with the Finnies?

[14:35] {nemo} they  all need financing 

[14:35] {larisa} lol

[14:36] {nemo} the pres says they're healthy enough to get it from the market, so the dilution should raise the stock price...go figure

[14:36] {Threei}  my guess is,things happen accordingly to original markety intent briefly interrupted by swine flu

[14:37] {Threei}  that intend was to go up into stress test results,

[14:37] {Threei}  then react to announcement

[14:37] {Threei}  most likely by harsh drop if results are positive

[14:37] {nemo} so, is expd setting up for short or long?

[14:38] {nemo} answers that

[14:38] {dino}  cmtl stopped -.33

[14:39] {Threei}  my dear beauty, EXPD

[14:41] {larisa} lethargic beauty 

[14:42] {jfjf64} we take it any way we cd get it    correct vad

[14:43] {Threei}  ummm

[14:43] {Threei}  I feel this is too loaded

[14:43] {Threei}  I'll stay silent :)

[14:44] {Threei}  even though magoo is not here, nemo is not much better... I already see his preparing 15 jokes about sleeping beauties

[14:44] {nemo} no...not one

[14:45] {Threei}  says nemo quickly ripping the sheets and throwing pieces out

[14:47] {wulff} you find any good trades since noon? 

[14:47] {Threei}  [13:24] {Alert} Threei Short Setup: EXPD 38 break if stays under .10, half lot

[14:48] {Threei}  13:24 is after noon

[14:48] {Threei}  I think

[14:48] {dino} celg stop to .95

[14:48] {nemo} depends on time zone

[14:50] {Threei}  WFC... jeez

[14:51] {jfjf64} is  that  good jeez   or bad  jeez

[14:51] {Threei}  just jeez

[14:51] {Threei}  completely unemotional jeez

[14:51] {jfjf64} lol

[14:51] {Threei}  :)

[14:51] {jfjf64} pullback  coming??

[14:52] {Threei}  EXPD doesn't make new lows with NQ drop

[14:52] {Threei}  out

[14:52] {Threei}  +.50

[14:52] {Threei}  enough is enough

[14:52] {larisa} gj

[14:53] {Threei}  ty

[14:53] {jfjf64} nice wk

[14:54] {Threei}  WFC

[14:54] {Threei}  S&P PUTS RATINGS ON WATCH NEGATIVE

[14:54] {Threei}  that's it... now it goes to 30

[14:56] {Threei}  lol... see?

[14:57] {dino} celg stopped .99, +.29

[14:58] {nemo} early on expd

[14:58] {wulff} LVS pullback

[14:59] {Threei}  nah, I am OK with it... look at that moment in the market - volume flattened, stopped giving infications

[14:59] {Threei}  market could start recovery at that point just as easily

[15:00] {Threei}  I am scalper... I got 50 cents trade... do I risk it in uncertain situiation?

[15:01] {Threei}  think of trading as buying and selling risk

[15:01] {nemo} understood, just busting stones, probability of reversal much higher

[15:01] {Threei}  the guy who bought EXPD at 38 from me bought whole lot of risk

[15:01] {Threei}  and I was happy to sell it to him

[15:01] {nemo} had to do something...couldn't think up any sleeping beauty jokes

[15:01] {jfjf64} lol

[15:02] {Threei}  lol

[15:02] {Threei}  all I know are rhyming in russdian only

[15:02] {Threei}  so not much of help to you

[15:09] {dino} ddrx

[15:12] {dptl} db expd?

[15:13] {Threei}  nah

[15:13] {Threei}  leave it be

[15:14] {dptl} ye looks like going lower

[15:18] {dino} cmtl drop

[15:20] {Threei}  FAZ under 7... sheesh

[15:20] {Threei}  before you ask jf... this is unemotional sheesh

[15:20] {jfjf64} lol

[15:20] {dptl} lol

[15:21] {Threei}  there must be bounce here somewhere

[15:21] {nemo} maybe not Nas been running a 7 point zone since 10:30

[15:22] {nemo} same for S&P

[15:22] {nemo} OW 50 points

[15:22] {nemo} DOW

[15:23] {cosmo} XTXI holding 3.40  so far

[15:25] {nemo} sheesh...don't ask jf

[15:30] {dino} sm l cmtl .49

[15:34] {Threei}  FED'S LACKER: NO COMMENT ON BANK STRESS TESTS, NOTES TESTS ARE IN THE "CLOSING PHASE"

[15:35] {dino} stop to .79

[15:36] {dino} to .89

[15:36] {dino} out .89.+.40

[15:36] {nemo} nice dino

[15:38] {dino} ty

[15:38] {dino} slow day for me, not much on the capit side

[15:38] {Threei}  slow is right

[15:38] {Threei}  but profitable

[15:38] {dino} light tho

[15:39] {dino} average is down last 5 weeks or so

[15:39] {nemo} Volatility is down plus we're headed into the summer

[15:40] {Threei}  - Fed will have to tighten policy at some point, cannot predict when that will be.

[15:40] {Threei}  - Loses on legacy assets should not get in the way of lending, bank lending should rise as economy recovers.

[15:40] {nemo} that your opinion or are you quoting

[15:41] {Threei}  lol

[15:45] {dptl} have a good evening all

[15:46] {larisa} bye dp

[15:46] {Threei}  take care dp

[15:46] {dino} cya

[15:51] {Threei}  ok... FAZ will reach zero first

[15:52] {Threei}  wow

[15:52] {nemo} well, that's not a "sheesh."

[15:52] {Threei}  but it's a very unemotional wow

[15:52] {Threei}  you can call it sleepy wow

[15:52] {wulff} I'm a buyer at .50

[15:53] {dino} mant stopped .90, -.15

[15:53] {Threei}  6.50?

[15:53] {Threei}  0r 5.50?

[15:53] {wulff} no .50

[15:53] {Threei}  oh, just .50

[15:53] {Threei}  lol

[15:53] {wulff} no need for put protection there

[15:55] {nemo} finnies won't stop...tck won't stop

[15:56] {Threei}  AIG

[15:56] {Threei}  QUARTERLY RESULTS WILL REPORTEDLY NOT INCLUDE A CAPITAL REQUEST; WILL NOT NEED GOVT CASH FOR Q1; WILL SHOW IMPROVEMENT FROM Q408 - UNCONFIRMED REPORT

[15:56] {Threei}  - Note: AIG scheduled to report after the close on May 7, 2009{

[15:59] {larisa} later good people :)

[15:59] {Threei}  take care larisa :)

[15:59] {Threei}  (I assumed she meant us)

[15:59] {Threei}  okay guys, thank you all

[15:59] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {dino} out apol .38, +.33

[16:00] {Threei}  dino, stop making moneyu

[16:00] {Threei}  the day is over

[16:01] {dino} well, had to clean it out 

[16:03] {dino} gn all, baseball w/son