May 05 2009

Not much happened. Some trades worked, some didn't - narrow and boring day for the most part.

Session Time: Tue May 05 00:00:00 2009

[08:11] {magoo} morning

[08:11] {Threei}  good morning

[08:12] {cosmo} so far...

[08:14] {magoo} wynn news vad?

[08:16] {Threei}  05/04/09 04:30pm [MGM] Reports Q1 -$0.06 v -$0.07e, R $1.50B v $1.57Be

[08:16] {Threei}  look LVS

[08:21] {KSystems} good morning

[08:22] {nemo} morgen

[08:22] {Threei}  ks, nemo :)

[08:24] {magoo} man, i see WFC hit 24, bac over 10..figures:(

[08:25] {Threei}  are you really willing to hold any of those overnight in this situation?

[08:27] {vinod} good morning to all

[08:27] {Threei}  vinod :)

[08:27] {Threei}  remember I said yesterday thast all kinds of rumors will be flying around into stress tests results

[08:27] {magoo} no, u misunderstand..i left at 1:30 for docs

[08:27] {magoo} i was  long thosse

[08:27] {Threei}  Quoting unnamed sources familiar with the stress-test results, Wall St Journal reported that the government is expected to request that 10 out of the 19 banks undergoing stress tests would be requested to raise additional capital. This follows speculation that Bank of America and Citi, would need a $10B equity raise - a claim refuted by BAC spokesman - and as many as 4-6 banks would have to post additional capital.

[08:28] {magoo} cut to go'

[08:28] {Threei}  ah

[08:28] {Threei}  well... how's ankle?

[08:29] {magoo} ok, ty for asking

[08:30] {vinod} missed yesterday--today is going to be my day

[08:33] {Threei}  ACAD got target 7

[08:33] {Threei}  from JPM

[08:33] {pita} greetings all

[08:33] {magoo} jpm put price target of 7?

[08:33] {Threei}  pita :)

[08:34] {Threei}  06:43am [ACAD] JMP Securities Raised ACAD to Market Outperform from Market Perform, price target: $7

[08:34] {ese} good morning 

[08:35] {Threei}  ese :)

[08:39] {fernp} good morning

[08:39] {Threei}  fern :)

[08:41] {ese} fern

[08:49] {Threei}  keep an eye on ACAD for possible repetition of yesterday's opening

[08:50] {Threei}  it dropped sharlpy from pre-market levels, and immediately shot up like crazy anthelope

[08:50] {nemo} I didn't know antelope's were heroin addicts?

[08:51] {cosmo} only those in Afganistan

[08:51] {nemo} they just sell the poppy's

[08:52] {cosmo} they transport them; they get a cut...

[08:53] {pita} thoughts on ALKS?

[08:53] {nemo} those are yaks

[08:53] {cosmo} oh

[08:53] {ese} what the s/p at so far...

[08:54] {Threei}  I don't see news

[08:54] {Threei}  on ALKS

[08:54] {larisa} good morning :)

[08:54] {Threei}  larisa :)

[08:54] {dptl} good morning all

[08:54] {Threei}  is it just sympathy with AMLN?

[08:54] {Threei}  dp :)

[08:55] {cosmo} AMLN:  Exenatide Once Weekly New Drug Application Submitted to FDA for Type 2 Diabetes

[08:55] {ese} anyone have s/p quote for this morning

[08:55] {ese} dp

[08:55] {ese} larisa

[08:55] {Threei}  898.70 I see ese

[08:55] {nemo} spy is 90.36

[08:55] {pita} ALKS partnering with AMLN

[08:56] {ese} tks mine not quoting....weird ...don't know why

[08:56] {nemo} spx is 904.72

[08:56] {nemo} 904.80

[08:56] {cosmo} HOLX

[08:56] {cosmo} 12.50   so far

[08:57] {Threei}  don't know pita... AMLN's own story is just submission for approval

[08:59] {cosmo} Hologic Beats by Two Cents, Guidance Mixed - Down 7% in After-Hours

[08:59] {cosmo}   HOLX

[09:01] {ese} 22% haircut for holx

[09:01] {dino} gm all

[09:02] {dino} turnaround tuesday?

[09:02] {Threei}  dino :)

[09:02] {ese} dn dino?     got that feeling

[09:02] {nemo} does that mean a pullback then dino?

[09:02] {dino} y

[09:03] {dino} 5 mondays neg., tuesdays up, so .....

[09:05] {dino} yhoo

[09:05] {dino} rumors w/msft again

[09:06] {chinggis} gm all

[09:09] {ese} chingis

[09:09] {ese} ya yahoo just lit up my screens

[09:09] {Threei}  chinggis :)

[09:09] {nemo} Khan :)

[09:17] {ese} anyone trade yahoo regularly

[09:18] {ese} dialy chart looks all over the map.......does it trade in a fairly organized manner

[09:20] {Threei}  more or less, until another round of rumors with MSFT hits

[09:26] {jfjf64} good  mornin all

[09:26] {Threei}  jf :)

[09:26] {ese} jf

[09:27] {Threei}  WYNN

[09:27] {Threei}  REPORTS Q1 -$0.27 (UNCLEAR IF COMPARABLE) V $0.02E, R $740M V $742.6ME

[09:27] {jfjf64} how  ya feeli 3i

[09:27] {magoo} cinf call at 11 am

[09:27] {magoo} conf

[09:28] {Threei}  ty jf... why is it a concern though?

[09:28] {jfjf64} lol     

[09:28] {Threei}  LVS reports after close

[09:32] {Threei}  watching how DRYS is holding near .20 while market downticks

[09:32] {magoo} HOLX bouncer vad?

[09:32] {dino} y

[09:32] {dino} mygn bloody

[09:32] {dino} good report imo

[09:33] {dino} hsic good, but blood

[09:33] {jfjf64} strong  drys

[09:33] {nemo} fas exploded

[09:34] {cosmo}   GERN

[09:34] {cosmo} ...wants 6

[09:36] {cosmo} and more...

[09:36] {Threei}  LVS

[09:36] {Threei}  sharop pullback

[09:36] {Threei}  watching for wentry if drops to near 11

[09:37] {Threei}  in

[09:37] {Threei}  .03

[09:37] {Threei}  stop under .90

[09:38] {Threei}  no worky

[09:38] {ese} ouch dino...mygn

[09:39] {dino} sm l holx .00

[09:40] {Threei} Long Setup:  DRYS  .35 break

[09:40] {Threei}  if stays above .25

[09:40] {dino} missed it twice .00 amnd .35, now at .50

[09:41] {dino} fast

[09:41] {dino} hsic i like at 44

[09:46] {dino} gpro sm l .50

[09:46] {Threei} Long Setup:  LVS  .50 break if stays above .40

[09:47] {dino} watching mant, mgln, hsic, mygn

[09:48] {Threei} Long Setup:  DRYS  .86 if stays above .80

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

[09:51] {Threei}  PREVIEW: FED CHAIRMAN BERNANKE SCHEDULED TO TESTIFY BEFORE THE JOINT ECONOMIC COMMITTEE OF CONGRESS AT 10AMET

[09:51] {Threei}  - note: the testimony might be released a bit early, so as not to conflict with the ISM data is due out at 10amET

[09:52] {dino} mant sm l .45

[09:52] {Threei}  ptry

[09:53] {Threei}  whoa WFC

[09:55] {dptl} cenx .50 break?

[09:55] {Threei}  if comfortable with stop under .35

[09:56] {dptl} ok ty

[09:58] {dino} mant stopped -.25

[09:59] {jfjf64} lvs whoa

[09:59] {ese} no clear direction in market today....if anything dn

[09:59] {Threei}  a l,ot of hectic up and down

[09:59] {fernp} YHOO strong today

[09:59] {dino} gpro to .80

[10:00] {Threei}  *APR ISM NON-MANUFACTURING COMPOSITE: 43.7 V 42.2E

[10:00] {dino} mygn to .99

[10:00] {dino} stopped +.49

[10:00] {Threei}  US) FED CHAIRMAN BERNANKE: SEEING SIGNS OF A BOTTOM IN US HOUSING MARKET - CONGRESSIONAL TESTIMONY

[10:01] {dino} gro stopped slipped .75 +.25

[10:01] {Threei}  ANY RELAPSE IN CREDIT CRISIS COULD STALL THE EMERGING RECOVERY

[10:01] {Threei}  - Housing is stabilizing, but expects drops in inventory to slow

[10:02] {dino} rinsed ouch gpro

[10:03] {Threei}  EXPECTS ECONOMY TO PICK UP LATER IN 2009;

[10:03] {Threei}  - Pace of US contraction may be slowing, while demand, especially among households, may be stabilizing

[10:03] {Threei}  - US likely to see more "sizable" job losses.

[10:03] {Threei}  - Fed plans to issue monthly data on the collateral in its programs.

[10:03] {dino} cmtl sm l .15

[10:05] {Threei} Long Setup:  DRYS  10 break

[10:05] {Threei}  if stays above 9.90

[10:06] {Threei}  1:1

[10:06] {Threei}  this one I just can't believe: HIG

[10:07] {Threei}  stewie comes to mind

[10:07] {nemo} Doesn't stewie live in Connecticut?

[10:08] {Threei}  DRYS

[10:08] {Threei}  same setup once again

[10:09] {dino} mant sm l .15 

[10:09] {Threei}  difference being, this time stop will be under the level it bottoms at before taking 10 again

[10:09] {Threei}  under .95

[10:09] {dptl} in drys

[10:09] {Threei}  tighter risk control

[10:09] {dptl} .95?

[10:10] {Threei}  no

[10:10] {Threei}  [10:09] {Threei} under .95

[10:10] {ese} ya vad HIG is going opposite financials right now

[10:10] {dptl} lol i see it 

[10:10] {nemo} probably .91

[10:11] {Threei}  not even in tune with its closest relatives ese... MET and PRU

[10:12] {magoo} l mgm 11

[10:12] {magoo} .79 stop

[10:13] {ese} ya looked at met but not pru

[10:13] {dino} mant stopped .80-.35 done w/it

[10:13] {Threei}  RIMM

[10:14] {Threei}  not sure about break but of pulls back to .90 or just under, wortth a try

[10:14] {Threei}  DRYS hit 1:1 for scalpers

[10:14] {magoo} out .10

[10:15] {magoo} scalpin

[10:15] {chinggis} out mgm .10, ty magoo

[10:15] {Threei}  break looks better on RIMM now too

[10:15] {Threei}  stop under .90

[10:15] {magoo} welcome

[10:15] {magoo} in rimm

[10:15] {dptl} 75?

[10:15] {nemo} what was the break, $75?

[10:16] {Threei}  come on guys.... was there any other break? :)

[10:16] {nemo} .07?

[10:16] {ese} L INTC .25

[10:17] {dino} wow glad hard stopped mant

[10:17] {dino} mgln l sm .75

[10:19] {Threei}  I like how RIMM is holding... if works, will try to partial

[10:19] {Threei}  with market help will be worth more than scalp

[10:19] {Threei}  half out RIMM

[10:19] {Threei}  +.18

[10:20] {Threei}  stop to .95

[10:20] {ese} L FITB .79

[10:20] {nemo} what's a day for ese w/out fitb

[10:20] {Threei}  lol... RIMM has fever?

[10:21] {Threei}  -.08 on second half

[10:21] {nemo} swine flu

[10:21] {Threei}  scalpers win

[10:21] {ese} true true

[10:21] {ese} after the news was hoping the market had botomed out a litle

[10:22] {jfjf64} hit  this drys  vad

[10:22] {Threei}  can't jf

[10:22] {Threei}  I had epiphany last night

[10:22] {ese} 1;s are butting up against .95...se'll see

[10:22] {Threei}  I don't hit people or things anymore

[10:22] {ese} q's

[10:23] {ese} we'll

[10:23] {Threei}  CNBVC;S LIESMAN: BANKS WIL BE GIVEN ONE MONTH TO COME UP WITH CAPITAL RAISING PLAN IF DEEMED NECESSAY BY STRESS TESTS

[10:23] {ese} jesus......do i know what a typing keyboard is.....

[10:23] {nemo} take the drumsticks out of your hand

[10:23] {Threei}  I always wanted to get me one of those

[10:23] {ese} crap thing moving against me

[10:23] {Threei}  epiphanies I mean

[10:24] {ese}  ha ha.....good one

[10:24] {Threei}  DRYS is holding interestingly well

[10:25] {Threei}  if doesn't shake out and market reverses soon enough, should be a good one

[10:26] {Threei}  and btw jf... my lawyer is totally on board with epiphany, he didn't like me hitting people and things either

[10:26] {dino} tleo

[10:27] {jfjf64} drys  on  my  mind

[10:27] {dino} gap around 12.55

[10:27] {Threei}  FED'S BERNANKE: MANY BANKS WILL SATISFY CAPITAL NEEDS WITHOUT PUBLIC MONEY - Q&A

[10:27] {Threei}  - Banks can raise capital through private sources or through conversion of preferred shares{X

[10:27] {nemo} drys shakeout

[10:27] {jfjf64} no  worky

[10:28] {nemo} got to type it with a Ukranian accent jf

[10:28] {jfjf64} lol

[10:29] {dino} amsc

[10:30] {Threei}  crap!

[10:31] {Threei}  typed short HIG .60

[10:31] {Threei}  frikin thing was .53 when I finished typing

[10:31] {Threei}  look at it :(

[10:31] {nemo} sure

[10:31] {nemo} how many shares you get?

[10:31] {Threei}  oh... and before anyone asks... that was unemotional "crap"

[10:32] {Threei}  I missed it typing

[10:32] {nemo} then it should have been written "crap"  not "crap!"

[10:32] {Threei}  ok... that was unemotional exlamation mark

[10:32] {nemo} that is an oxymoron

[10:32] {nemo} drys new lows

[10:33] {dino} cmtl stopped -.35

[10:33] {chinggis} Vad ctsh shortable?

[10:33] {Threei}  not here...

[10:34] {Threei}  HIG is coming into bounce zone

[10:34] {chinggis} ok ty 

[10:35] {Threei}  13 break if holding above .90

[10:35] {Threei}  watch this bounce on CTSH chinggis

[10:35] {Threei}  if gives you something around .20-.25, that's much better idea for entry

[10:35] {dino} hlit l .90, stop .77

[10:35] {Threei}  for short I mean

[10:36] {chinggis} ok ty Vad

[10:36] {dino} mgln to flat

[10:37] {dino} mygn good drop

[10:37] {dptl} stopped hig

[10:39] {Threei}  GERN lost its mind?

[10:40] {ese} intc stop is .00     lucky so far 

[10:41] {ese} that would have been nice

[10:41] {nemo} drys taking on water fast

[10:42] {dino} lol

[10:42] {ese} GERN that is

[10:42] {ese} L Fitb avg .60

[10:43] {Threei}  gotta start trying DRYS bounce

[10:43] {Threei}  .31 in

[10:43] {Threei}  stop under .20

[10:44] {nemo} scalp day vad

[10:44] {Threei}  half out

[10:44] {Threei}  stop to under .30

[10:45] {dino} mant continues down11 pts in 2 days

[10:45] {Threei}  offering .55

[10:45] {dino} going to strike at 30 

[10:46] {Threei}  to .39

[10:46] {dino} amsc sm l .15

[10:47] {dino} friggin' busy day

[10:48] {dino} hsic sm l .53

[10:49] {Threei}  out balance

[10:49] {dino} amsc gap fill, should've waited

[10:51] {dino} stopped

[10:52] {nemo} getting capitulation volumes on amsc

[10:52] {nemo} Higher lows on HIG and DRYS?

[10:53] {dino} yes feels like 25.80s

[10:53] {ese} intc stopped.......-.25    ces't la vie to 250 bucks

[10:53] {dino} will tyry one more time

[10:53] {Threei}  pretty much nemo

[10:53] {Threei}  but we need market to get firm footing

[10:53] {nemo} yeah, market's look like they're rying

[10:53] {nemo} trying

[10:54] {nemo} crying

[10:54] {nemo} lying

[10:54] {dino} or break of 26.50

[10:54] {magoo} dying

[10:54] {nemo} yeah dino w/market help

[10:55] {dino} or tartar sauce

[10:55] {nemo} vaseline

[10:55] {Threei}  FED'S BERNANKE: HAS NO INTENTION TO CONDUCT STRESS TESTS UPON SMALLER BANKS

[10:55] {Threei}  ah come on Ben... go all out

[10:55] {dino} ok giiddyup

[10:56] {Threei}  let's conduct stress tests on all personal banking accoutns, checking AND saving

[10:56] {dino} mkt air pocket

[10:56] {Threei}  you'll have to hire 20 million people to conduct those

[10:56] {Threei}  job problem is solved

[10:57] {dino} well vad that is the get america working plan

[10:57] {Threei}  everyone's accountant

[10:57] {dino} :)

[10:57] {nemo} how much will that add to the deficit?

[10:59] {dino} mgln stopped flat

[10:59] {dino} axys gap around 42.60

[11:03] {dino} nemo you in amsc?

[11:04] {nemo} no, but watching it....50 was the right call, wouldn't hang around too long, market not being supportive

[11:04] {dino} hmmm how do i put this, the meek will not inherit the earth

[11:04] {nemo} .50

[11:04] {nemo} no...they get pounded into the pavement

[11:04] {dino} the speculators will

[11:05] {Threei}  president disagrees with you dino

[11:05] {Threei}  speculators is scorge of earth by him

[11:06] {Threei}  WFC

[11:06] {Threei}  wstching for 23 break

[11:06] {dino} he'll be gone in 4 years

[11:07] {Threei}  or 8

[11:07] {nemo} no, because 40% of the electorate won't be paying taxes then

[11:08] {Threei}  no likey WFC anymore

[11:08] {Threei}  BAC on the other hand

[11:08] {Threei}  consolidates nicely for .40 break

[11:08] {nemo} breakouts today...shudder

[11:09] {Threei}  it's not really breakout

[11:09] {nemo} you callin it?

[11:09] {dptl} stop?

[11:09] {Threei}  for scalp, yes

[11:09] {dptl} in

[11:10] {dptl} bac stop under .30?

[11:10] {Threei}  for hardcore scaslpers stop under .35, for just scalpers under .30

[11:10] {chinggis} in

[11:10] {Threei}  for a day trade if you feel market reversal coming, under .25

[11:10] {Threei}  they are all valid

[11:11] {Threei}  just different objectives

[11:11] {dptl} half out .45

[11:13] {chinggis} out .432

[11:13] {Threei}  I am compiling new lists

06[11:13] * magoo slaps laserdave around a bit with a large trout

[11:14] {Threei}  dp is half-hardcore scalper

[11:14] {Threei}  chinggis is hardcore scalper on steroids

[11:14] {dptl} lol

[11:14] {chinggis} :-)

[11:14] {nemo} it's a short day

[11:14] {Threei}  hmm?

[11:15] {Threei}  FAS break of .60 should push BAC

[11:16] {Threei}  1:1 for hard core ones

[11:16] {nemo} out .46

06[11:16] * Threei is adding nemo to the list

[11:16] {ese} L intc .07

[11:16] {nemo} out .46

[11:16] {Threei}  twice?

[11:16] {nemo} what list?

[11:17] {nemo} no, was scrolled back on mirc

[11:17] {Threei}  lol

[11:17] {nemo} twice is twice

[11:17] {nemo} damn drys

[11:18] {dptl} all out bac .45 ty

[11:18] {fernp} out here +.05 BAC ty

06[11:18] * Threei adds fern to the list

[11:18] {jfjf64} ditto   ty

06[11:18] * Threei adds jf to the list

[11:19] {fernp} is an honor to be on that list, lol

[11:19] {magoo} xmas list??

[11:19] {fernp} maybe

[11:21] {Threei}  I am not sure what the purpose of the list is, but socialism is count and control (V. Lenin)... and since qwe are moving into one, I am preparing

[11:22] {dino} isle

[11:22] {dino} amsc stop to .20 tiring me out

[11:22] {Threei}  FAS never broke .60 but BAC is holding not too bad

[11:22] {dino} to .24

[11:23] {dino} out slip .15 ughhhhh

[11:23] {dino} +.65

[11:24] {dino} hlit to .99

[11:25] {dino} out hlit .01+.11

[11:26] {Threei}  LVS... can you believe this?

[11:26] {magoo} MGM and LVS are certifiable

[11:26] {dino} tleo .10 sm l

[11:29] {nemo} LVS might make a nice short if this DTs or short of a DT

[11:30] {Threei}  BAC 1:1 for just scalpers

[11:30] {Threei}  anyone to the list?

[11:31] {jfjf64} ya ya

[11:31] {pita} out @ .46 :(

[11:31] {magoo} long WFC .89

[11:31] {magoo} gonna rip imo

[11:31] {magoo} RISKY as  calling vad "pretty boy"

[11:32] {Threei}  eeck

[11:32] {dino} glbc l .50

[11:34] {Threei}  BAC 1:1 for day traders

[11:34] {Threei}  whoever you are, you are satisfied

[11:34] {magoo} nice bacon vad, er, um BAC

[11:34] {Threei}  your WFC too

[11:36] {magoo} so polite:)

[11:36] {Threei}  don't worry... epiphany effect will wear soon enough

[11:36] {magoo} i know..let me enjoy brief moment lol

[11:36] {Threei}  lol

[11:37] {magoo} ok..done..slap away

[11:37] {Threei}  (US) FED CHAIRMAN BERNANKE: DOES NOT BELIEVE UNEMPLOYMENT WILL HIT 10%, MAY REACH INTO THE 9% RANGE

[11:37] {Threei}  - Sees unemployment rising into 2010, peaking in early 2010

[11:37] {pita} nice call mags

[11:37] {magoo} WFC anyone with mags?

[11:37] {jfjf64} y

[11:37] {magoo} ok..protect profit

[11:38] {pita} couldn't get .89

[11:38] {magoo} but its got more

[11:38] {magoo} .92 was there all day

[11:38] {magoo} GET out here

[11:38] {pita} nice call BAC too

[11:38] {magoo} out .31

[11:39] {magoo} plus .79??

[11:39] {jfjf64} out  .30

[11:39] {Threei}  ty mags, good bye, see you tomorrow

[11:39] {jfjf64} ty

[11:39] {magoo} u take boss?

[11:39] {magoo} welcome and good footwork JF

[11:39] {Threei}  no... but I took this as an order:

[11:39] {Threei}  {magoo} GET outta here

[11:40] {nemo} no... {magoo} GET out here

[11:40] {magoo} good out call eh?

[11:40] {magoo} .32 top

[11:40] {nemo} you do out calls mags?  

[11:40] {jfjf64} i got nervous GET GET  ty  mags

[11:40] {dptl} lol

[11:40] {magoo} huh?

[11:41] {jfjf64} nemo   ty

[11:41] {Threei}  BAC, I gfuess that would be out second half for day traders

[11:41] {Threei}  1;2

[11:41] {Threei}  or using magooish, GET out here

[11:42] {jfjf64} y

[11:42] {magoo} direct to point right vad?

[11:42] {dino} tleo stop to .34

[11:43] {magoo} can u see me at seminar..smashing things in lesson screaming GET OUT NOWWWWWW

[11:43] {Threei}  especially considering that you have to type with toes on just one foot...

[11:43] {nemo} magoo and his peg leg

[11:43] {jfjf64} it  worked

[11:43] {magoo} jf..did it help u exit?

[11:44] {jfjf64} yes

[11:44] {magoo} :)

[11:44] {Threei}  btw, r words of theory, just so we are clear on definitions

[11:44] {Threei}  everyone's clear on why that entry was not really a breakout?

[11:44] {nemo} no

[11:45] {Threei}  breakout in it's normal form is a break of day high

[11:45] {Threei}  somewhat muted form would be

[11:45] {Threei}  a break of some range inside of daily, but the range would have to be solidly establisahed

[11:45] {nemo} missed lvs short

[11:46] {Threei}  that entry was simply a bottom fishing, break of mini-range after bottoming out and consolidation

[11:46] {nemo} so a bfbmr

[11:47] {pita} Vad, you mean on BAC?

[11:47] {dino} more like fubar

[11:47] {magoo} everyone understand when i call bacon..i mean BAC?

[11:47] {nemo} dart throw

[11:48] {nemo} so we're SNAFU dino?

[11:48] {dino} when i say rinsed, means coffee spilled on shirt

[11:48] {dino} no idea

[11:48] {Threei}  yes pita

[11:48] {dino} tleo hibernation mode

[11:49] {nemo} Situation Normal All F..... U..

[11:49] {Threei}  since we often state something like

[11:49] {Threei}  good or not day for breakouts, or time of the day for breakouts

[11:49] {dino} vad, need a favor, kick holx up

[11:49] {Threei}  I thought it was necessary to make the distinction

[11:49] {Threei}  but dino... epiphany...

[11:49] {Threei}  no kicky no fighty

[11:50] {dino} hmmmm

[11:52] {magoo} i cant help ya dino..

[11:52] {magoo} foot hurts already

[11:52] {dino} lol

[11:53] {nemo} LVS Vad

[11:54] {dino} amsc drop

[11:55] {Threei}  LVS if anything is a short on 11 breakdown

[11:55] {nemo} yeah, my thought also

[11:56] {nemo} scary...do you feel damaged Vad?

[11:56] {dptl} stop  would be like .20c lvs

[11:57] {nemo} LVS starting to look more like a bottom with market turning up

[11:59] {magoo} sh bac .80

[11:59] {dino} tleo to .40

[12:00] {magoo} stop .899

[12:00] {dino} stopped slipped .38, +.28

[12:01] {magoo} careful..not luvin it

[12:01] {nemo} in lvs short

[12:02] {pita} with you memo

[12:03] {dino} amsc

[12:06] {chinggis} s bac .85

[12:07] {magoo} i dont like it..OUT

[12:07] {magoo} [12:01] {magoo} careful..not luvin it

[12:07] {magoo} [12:01] {nemo} 

[12:08] {Threei}  sudden market spike

[12:08] {dptl} cenx? .30?

[12:08] {magoo} WFC going

[12:09] {Threei}  I wouldn't dp

[12:09] {Threei}  looks very iffy

[12:09] {dptl} ok

[12:09] {Threei}  (US) REPORTEDLY PRESIDENT OBAMA AND CONGRESS HAVE AGREED ON A COMPROMISE FOR A "CASH FOR CLUNKERS" BILL

[12:09] {magoo} long spy here .36

[12:09] {nemo} stopped

[12:09] {Threei}  I have no clunkers :(

[12:11] {chinggis} out bac

[12:11] {magoo} sorry ching on that 1

[12:11] {chinggis} np i was wrong

[12:13] {Threei}  WFC

[12:13] {Threei}  break of .50 is tempting

[12:14] {Threei}  I wish it happened in more active time of the day

[12:15] {dptl} so? you gettin in?

[12:17] {Threei}  out rather

[12:17] {dptl} :)

[12:17] {Threei}  this is discretionary kind of things

[12:17] {Threei}  I show you the idea of the play and concerns,

[12:17] {Threei}  you decide if you like it or not

[12:19] {dino} wynn crazy

[12:23] {dino} holx stop to .21

[12:23] {magoo} lets get out SPY flat

[12:23] {magoo} not developing

[12:24] {Threei}  who knew BAC had whole 60 cents in it from that entry

[12:24] {magoo} i did i did

[12:24] {Threei}  of course you did

[12:24] {chinggis} this pullback buyable Vad?

[12:24] {jfjf64} me too

[12:24] {Threei}  on BAC?

[12:25] {chinggis} yes

[12:25] {Threei}  not here

[12:25] {chinggis} ok ty

[12:26] {dino} holx to .27

[12:36] {dino} holx to .35

[12:37] {dino} to .40

[12:38] {ese} Hi all...back from teaching a class

[12:38] {dino} to .49

[12:39] {ese} Out Fitb .75 +.15 

[12:39] {dino} to .55

[12:39] {nemo} All's right with the world.  Ese makes money on FITB

[12:40] {dino} to .59

[12:40] {ese} interpret this as Elvis wouod say it "Thank you....Thank You...Thank you very much"

[12:40] {dino} out +.59

[12:40] {dino}  all dayer

[12:42] {dino} mnkd

[12:42] {nemo} good timing on holx

[12:43] {dino} just laughing about that

[12:43] {nemo} lucky AGAIN I guess :)

[12:43] {dino} still feels like one more whoosh on amsc

[12:43] {dino} indeed on the luck

[12:44] {dino} but see i trailed the stop tight, so stop was skill

[12:44] {nemo} Absolutely

[12:44] {dino} in any case, gut says down 200 today

[12:45] {nemo} think that might be a stretch...anyway, when I call you lucky it's that, lucky, yeah right...:)

[12:45] {dino} must be all that "clean" living

[12:46] {nemo} define "clean"?

[12:47] {dino} you know, booze, women, late nights, etc

[12:48] {nemo} works for me

[12:52] {dino} glbc stop to .62

[12:54] {Threei}  DNDN, what's up again

[12:54] {dino} vsec

[12:56] {dino} thinny

[12:59] {dino} sm l amsc .04

[12:59] {dino} glbc stopped .61, +.11

[12:59] {Threei}  LVS starts looking like preparing surprise rally

[13:01] {dino} holx giving it all back

[13:02] {vinod} I wants market to go down today?

[13:03] {vinod} good afternoon

[13:03] {Threei}  so far it's holding more or less

[13:04] {dino} cldx

[13:04] {vinod} have SMN/SRS/FAS brought pre marker and doing o.k

[13:05] {jfjf64} wfc  .50  again??

[13:05] {chinggis} out LVS .+14, ty Vad

[13:05] {Threei}  no

[13:05] {Threei}  welcome chinggis

[13:06] {Threei}  it spiked into .50 jf

[13:06] {Threei}  no consolidation, like last time around

[13:06] {jfjf64} ty

[13:06] {Threei}  if you wanted this type of minibreak, .40 was it

[13:06] {Threei}  see that little consolidation?

[13:08] {Threei}  now it spends a little time between .40 and .50, new break will become valid

[13:10] {Threei}  LVS is chewing through

[13:10] {dptl} so .50 break valid now?wfc

[13:11] {nemo} in

[13:11] {dptl} in .51 wfc

[13:12] {dptl} stop .40 or can be .44?

[13:12] {Threei}  I am sure you know the answer

[13:12] {nemo} stopped lvs

[13:12] {Threei}  DNDN

[13:12] {dptl} double checking my self

[13:12] {Threei}  MOVES TO SESSION HIGHS ON UNCONFIRMED SPECULATION CIRCULATING ABOUT FDA GRANTING FAST TRACK STATUS TO PROVENGE

[13:13] {Threei}  LVS? where were you in?

[13:14] {nemo} .51 but it was stupid after that extended run even though it chewed through...everything off today

[13:14] {Threei}  wow... .50 was at the end of the spike

[13:14] {Threei}  we just discussed why we don't enter those

[13:15] {dino} eqix

[13:16] {dptl} stopped wfc

[13:17] {dptl} -.11

[13:19] {dino} holx back to entry

[13:20] {pita} later all

[13:21] {Threei}  take care pita

[13:21] {chinggis} UAUA?

[13:22] {Threei}  right chart, wrong time

[13:22] {chinggis} ok ty

[13:24] {ese} thats a Dr John tune vad ...."Right Place, Wrong Time"

[13:24] {dino} sm wide l vsec .11

[13:25] {Threei}  I don't even know who he is ese :)

[13:26] {dino} i don't know who ese is

[13:27] {Threei}  lol

[13:28] {dptl} drys short?

[13:29] {Threei}  hmmm

[13:29] {Threei}  worth a try I think

[13:29] {dptl} to late

[13:29] {Threei}  don't chase, let it bounce

[13:30] {dino} lod's coming

[13:33] {dptl} drys left without me :(

[13:33] {ese} well.....let me tell you......It all started in a run down shack in Southern Saskatchewan.....blah blah blah blah

[13:34] {nemo} don't tell me, you were born a poor black child

[13:34] {dino} yadda yadda yadda

[13:34] {Threei}  it gave .48-.49 dp

[13:34] {Threei}  on the bounce

[13:34] {Threei}  that would be your entry on breakdown anyway

[13:34] {dptl} was waiting .49 and no luck

[13:34] {Threei}  why not take it?

[13:35] {Threei}  gosh... 12 cents... you are really stingy

[13:35] {Threei}  1 cents

[13:35] {ese} picture me in that Steve Martin Moview "the Jerk"

[13:35] {Threei}  what are you, scalping for 3 of those that 1 matters so much?

[13:35] {nemo} wfc short?

[13:35] {ese} clapping on 1 & 3 instead of 2 & 4

[13:36] {Threei}  WFC, no

[13:36] {Threei}  why would you want to sort here?

[13:37] {nemo} if it broke support

[13:38] {Threei}  it dropped almost vertically into support

[13:38] {Threei}  come on

[13:38] {Threei}  what are we going to discuss this distinction every time it occurs?

[13:38] {nemo} no

[13:38] {Threei}  there is consolidation near support an dresistance, then we are interested in a break

[13:39] {Threei}  there is a vertical move into support or resistance, then we don't go for a break

[13:41] {Threei}  DRYS is not a play on this bounce anymore

[13:42] {Threei}  that short has been played out

[13:42] {jfjf64} you good   vad

[13:42] {ese} am outta here for the day.....take care ehhhh...your basic canadian goodbye

[13:43] {Threei}  take care ese

[13:43] {jfjf64} nice day  ese

[13:44] {Threei}  this is where you may start looking for WFC short

[13:44] {Threei}  nemo

[13:45] {magoo} LVS highs

[13:45] {Threei}  LVS is insane

[13:46] {Threei}  it will go to 12 and 13 today, killing both shorts and longs in the process

[13:46] {Threei}  14 won't surprise me either

[13:46] {Threei}  ditto for 9

[13:50] {Threei}  REPORTEDLY THE SEC HAS FILED FRAUD CHARGES AGAINST THE OPERATORS OF THE RESERVE PRIMARY FUND, A MONEY MARKET MUTUAL FUND

[13:56] {Threei}  MGM is still going, LVS is not following anymore

[13:57] {Threei}  starts looking like short if MGM reverses

[14:01] {Threei} Short Setup: LVS  .65 if stays below .75

[14:02] {dptl} in

[14:02] {nemo} in

[14:02] {magoo} in

[14:03] {fernp} in

[14:03] {Threei}  don't pile up all at once...

[14:03] {nemo} yeah wee need more selling pressure

[14:03] {Threei}  1:1

[14:03] {fernp} out

[14:03] {dptl} half out

[14:03] {fernp} Thank you

[14:04] {Threei}  welcome, and welcome to the list of pesky scalpers

[14:04] {fernp} lol

[14:04] {magoo} out .46 TY BOSSASAURAS

[14:04] {Threei}  sheesh... lol

[14:05] {Threei}  WSJ: CEO DIMON NOTES THAT THE ECONOMY MAY BE AT THE BOTTOM

[14:05] {Threei}  profound

[14:06] {dptl} nah..all out now ty

[14:07] {Threei}  hmmm

[14:07] {Threei}  I knew all the problems were somewhere in the area of basic definitions and reading comprehension 101

[14:08] {Threei}  look at this

[14:08] {Threei}  Just 35% of American voters believe that a free market economy is the same as a capitalist economy.

[14:08] {Threei}  The latest Rasmussen Reports national telephone survey found that 38% disagree and 27% are not sure.

[14:08] {Threei}  This helps explain earlier data showing that 77% prefer a free market economy over a government managed economy while just 53% prefer capitalism over socialism.

[14:10] {magoo} long SPY here

[14:10] {dino} nemo, you in amsc?

[14:10] {magoo} .24

[14:11] {Threei} Long Setup:  WFC  .40 if stays above .30

[14:12] {nemo} not moving with fas

[14:12] {Threei}  needs to break resistance

[14:12] {dptl} in

[14:12] {magoo} hold hold

[14:13] {dptl} jeez .42

[14:13] {nemo} missed

[14:14] {dino} panl

[14:15] {dptl} go go go

[14:15] {Threei}  so far so good, holding well... need FAS to spike to .80 now

[14:16] {dino} amsc to .51

[14:16] {Threei}  WHITE HOUSE: LIKELY THAT "SEVERAL HUNDRED THOUSAND" JOBS WERE LOST LAST MONTH

[14:16] {Threei}  yeah, who is counting anymore

[14:16] {Threei}  we "saved" a lot of those with stimulus, right?

[14:17] {Threei}  good boy WFC... move your butt

[14:17] {dino} to .65

[14:17] {Threei}  like one-legged snail in molassess

[14:20] {dino} to .69

[14:21] {dino} out amsc .70, +.66 where was nemooooooo

[14:22] {dino} vsec hooker

[14:24] {Threei}  sudden selling hit the market

[14:24] {Threei}  doesn't look normal, some news

[14:24] {dino} shocking

[14:24] {vinod} when there’s a waterfall dead ahead

[14:24] {Threei}  or someone opened another big mouse

[14:25] {dptl} stopped -.13

[14:26] {Threei}  what the deuce

[14:26] {jfjf64} deuce are wildd

[14:26] {Threei}  I don't see any news

[14:27] {dino} stewie

[14:27] {jfjf64} good 4 bouncs

[14:28] {dino} f'ing vsec was waiting at .35 hits .24 and drops

[14:29] {Threei}  JPM CEO: EXPECTING SOME BANKS TO RELEASE INFORMATION ON STRESS TESTS ON FRIDAY

[14:29] {Threei}  huh?

[14:29] {dino} ahhh my old friend amsc comes back down

[14:32] {Threei}  I don't think we are bounce-ready

[14:32] {Threei}  one more selloff is in cards

[14:33] {Threei}  or, speaking in stimulus language... road up is not shovel-ready

[14:34] {Threei}  ASTM

[14:34] {Threei}  INITIAL DATA FROM AASTROM''S IMPACT-DCM TRIAL PRESENTED AT INTERNATIONAL SOCIETY FOR CELLULAR THERAPY ANNUAL MEETING

[14:34] {Threei}  gosh, it's still not delisted?

[14:36] {dino} panl sm l .15

[14:37] {dino} out vsec .75, +.64

[14:39] {larisa} see, not a hooker :)

[14:39] {Threei}  ummm

[14:39] {Threei}  what did I miss?? :)

[14:39] {dino} lol larisa

[14:40] {larisa} 14:22 post :)

[14:40] {Threei}  ahh... LOL

[14:40] {Threei}  just wanted to complain about not being involved into most interesting conversations

[14:40] {dino} had a 50 cent spread

06[14:41] * larisa slaps dino around a bit with a large trout

[14:41] {dino} classic dino play

[14:41] {Threei}  gods, give me power to shut up

[14:41] {chinggis} LVS shortable @.42?

[14:41] {Threei}  and let this one go

[14:41] {dino} :)

[14:42] {Threei}  not sure chinggis... kind of 50/50

[14:42] {Threei}  discretionary one

[14:42] {Threei}  if you are OK with coin toss and size of stop, why not

[14:42] {chinggis} ok ty Vad

[14:47] {dino} mygn pulling back

[14:55] {dino} kahn you want me to flip the ceasars coin for you?

[14:57] {Threei}  if you took the short, feel free to cover

[14:57] {chinggis} no thanks, i did not trade it

[14:57] {Threei}  LVS is full of surprises

[14:59] {dino} alrighty then

[15:00] {jfjf64} looks lk  long  way  to  drop

[15:00] {chinggis} more will come in the future :-)

[15:00] {nemo} You making a call Ace?

[15:00] {jfjf64} lol

[15:01] {dino} :)

[15:01] {jfjf64} what  do  i know

[15:01] {nemo} Fire Marshall Bill?

[15:02] {dino} vsec gappy drop

[15:04] {larisa} BRCM 

[15:04] {larisa} sorry, wrong scr

[15:07] {dino} mgln

[15:07] {dino} l .75

[15:07] {Threei}  GERN...

[15:09] {dptl} have a good evening all

[15:09] {larisa} bye dp

[15:09] {magoo} c u dp

[15:09] {Threei}  take care dp

[15:10] {dino} cya dp

[15:13] {dino} mgln stop to b/e

[15:13] {dino} mkt drop

[15:13] {dino} stopped

[15:20] {dino} cryp

[15:21] {Threei}  something's brewing again with online casinos, dino

[15:22] {dino} everybody's broke, but what the heck

[15:23] {dino} altho i think you are right, last week senate was talking about allowing it w/taxes

[15:25] {dino} so once they ban daytrades, we will go to online poker

[15:28] {Threei}  lol

[15:29] {jfjf64} lvs?

[15:31] {Threei}  feels to me like staging another upward thrust but honestly, that's pure gambling

[15:31] {Threei}  no pun intended

[15:33] {dino} hsic sm l .35

[15:35] {dino} stop is .24

[15:35] {jfjf64} wfc  consilateding .50   again    fas  hittin  .80

[15:36] {jfjf64} ??

[15:36] {dino} pega

[15:36] {dino} +7

[15:39] {dino} 3:40 approaches

[15:39] {dino} panl stop to b/e

[15:39] {Threei}  doesn't look attractive to me jf

[15:39] {Threei}  at all

[15:40] {jfjf64} for  min did     lol

[15:40] {dino} dropping

[15:40] {dino} panl to .19

[15:41] {dino} vsec back to original

[15:44] {dino} panl to .28

[15:44] {dino} out +.13

[15:44] {dino} .12 ave.

[15:46] {Threei}  I don't see any fireworks into day end

[15:46] {Threei}  15 points NQ range whole day

[15:48] {nemo} minor consolidation day.  Would think it bodes well for continuation

[15:48] {dino} hsic to b/e

[15:49] {dino} lots of capits today for me, "good times" brett michaels

[15:50] {larisa} nice :)

[15:50] {dino} ty

[15:50] {dino} nemo help me out too, on amsc

[15:52] {nemo} I'm done good nite

[15:53] {larisa} bye

[15:53] {dino} out hsic .34 -.01

[15:54] {dino} thats a day, thanks all, best one in 3 weeks

[15:56] {Threei}  wtg dino

[15:56] {Threei}  nothing outstanding here

[15:56] {jfjf64} good  night all

[15:56] {Threei}  as usual, our styles rarely meet each other

[15:56] {Threei}  me is trend... you are countertend

[15:57] {Threei}  take care jf

[15:57] {Threei}  okay guys, thank you all

[15:57] {Threei}  have a good evening

[15:57] {Threei}  see you tomorrow

[15:57] {larisa} bye all

[15:57] {dino} as you taught me 3i, a million ways to make $, just find your edge

[15:57] {chinggis}  gn all

[15:57] {Threei}  if you find mine, tell me where it is

[15:57] {dino} would have gone broke years ago w/o your common sense

[15:58] {larisa} how many ways to lose $$ ? :)

[15:58] {Threei}  I tend to forget lately

[15:58] {Threei}  lol larisa

[15:58] {Threei}  just one

[15:58] {larisa} :)

[15:58] {Threei}  trade what you think instead of what you see

[15:59] {larisa} when LVS reports, right after ?

[15:59] {Threei}  interesting FAS drop into close

[15:59] {Threei}  well, after

[15:59] {Threei}  don't know right away or later

[15:59] {larisa} ok :)

[15:59] {Threei}  let's way for it?

[15:59] {Threei}  wait

[16:00] {larisa} if it 5 min, lets

[16:00] {Threei}  okay, I'll stay here

[16:00] {larisa} ty

[16:00] {Threei}  and stare at news headlines scrollinf

[16:00] {Threei}  per your request

[16:00] {Threei}  until my eyes go red

[16:00] {Threei}  which will be your fault

[16:01] {Threei}  feeling guilty yet?

[16:01] {larisa} not really

[16:01] {Threei}  didn't think so

[16:01] {Threei}  but I had to try

[16:02] {larisa} spikinh hard

[16:02] {Threei}  REPORTS Q1 $0.01 V -$0.02E, R$1.08B V $1.06BE

[16:02] {Threei}  dropping even harder

[16:03] {larisa} ok, see you later, thanks vad :) 

[16:03] {Threei}  wow

[16:03] {Threei}  look at that dump

[16:03] {Threei}  welcome, see you tomorrow

[16:04] {larisa} all over the place

[16:05] {Threei}  no kidding