May 06 2009
Fairly nice day with a few plays on financials (BAC, WFC etc), casinos (MGM, LVS) and dryshipper EGLE.
Session Time: Wed May 06 00:00:00 2009
[08:12] {magoo} morning
[08:14] {Threei} good morning
[08:15] {Threei} APR ADP EMPLOYMENT CHANGE: -491K V -645KE
[08:15] {Threei} all is wel
[08:15] {Threei} well too
[08:16] {magoo} less decline than expected
[08:19] {magoo} FIG news vad?
[08:20] {Threei} 05/06/09 07:10am
[08:20] {Threei} [FIG] Fortress Investment Group LLC Reports Q1 GAAP -$0.71 v -$0.74 y/y, R $122.3M v $87.3Me
[08:20] {Threei} - Reports AUM $29.5B v $29.5B q/q
[08:34] {pita} gm everyone
[08:35] {Threei} pita :)
[08:42] {Threei} (US) FDIC'S BAIR: URGES CONGRESS TO CREATE A "SYSTEMIC RISK COUNCIL," TO INCLUDE FDIC, TREASURY, FED AND SEC REPRESENTATIVES
[08:48] {Threei} FAZ decisively aims toward zero
[08:51] {Threei} FIG CEO: BELIEVES THERE WILL BE "SIGNIFICANT" CONSOLIDATION AMONG US BANKS - CONF CALL
[08:53] {chinggis} gm all
[08:53] {Threei} chinggis :)
[08:56] {cosmo} CROX
[09:04] {Threei} DRYS consolidates under 10.30
[09:05] {nemo} What I miss?
[09:06] {Threei} depends on how many centuries you slept...
[09:06] {nemo} just call me Rip
[09:06] {ese} good morning
[09:06] {Threei} but if you know that the cold war is over, you are fairly up to speed
[09:06] {Threei} ese :)
[09:07] {cosmo} the latest cold war?
[09:08] {Threei} don't confuse him cosmo
[09:08] {cosmo} k....back to sleep then
[09:08] {Threei} I mean, any more than I will
[09:10] {cosmo} its your privlage, of course
[09:10] {cosmo} privlege
[09:10] {fernp} Good morning
[09:10] {Threei} fern :)
[09:10] {cosmo} DRYS tests
[09:12] {cosmo} 10.30 wall melts
[09:12] {pita} can this pre mkt bank run continue?
[09:12] {pita} quite the rip
[09:13] {Threei} it can, but the main question is, are we willing to chasde it insteasd of waiting for pullback?
[09:13] {nemo} what isn't ripping
[09:15] {Threei} (US) SENATOR DODD: BELIEVES FDIC SHOULD BE GIVEN RESOLUTION AUTHORITY FOR LARGE FAILING FINANCIAL FIRMS
[09:15] {Threei} - Must be adequate safeguards in place to prevent big financial firms from taking on too much risk.
[09:15] {Threei} - Large financial firms may require new disclosure and reporting requirements.
[09:15] {Threei} - Would like to see power to regulate systemic risk held by more than just one body.
[09:17] {Threei} so, with all the rumors flying around about BAC needing tens on billions, it moves up almost two points pre-market?
[09:17] {nemo} another sprint out of the gate day and meander around the high until the program trading kicks in after three and gooses it some more?
[09:22] {Threei} working assumption is, hard pullback from the opening, a few nervous moves, then recovery and new highs
[09:22] {Threei} if market jumps up from the open, I will miss the move
[09:24] {Threei} FIG knows no limits eh?
[09:25] {Threei} if you feel the pullback after open is our scenario and don't mind very risky opening play,
[09:25] {Threei} FAZ 6.20 break is your play
[09:26] {nemo} vinod and Mags should be all over it
[09:27] {Threei} BAC is climbing even more into open
[09:27] {Threei} definitely "wait for pullback"
[09:27] {Threei} no way I am buying breakout here
[09:28] {Threei} I am rather prepared to cry if it goes to 15 with no pullbacvk
[09:28] {Threei} nemo, pass me a tissue please...
[09:28] {nemo} use your sleeve
[09:28] {Threei} how inconsiderate
[09:29] {nemo} that's what they're for
[09:29] {Threei} keeping DRYS and LVS on bakcburner as well
[09:30] {Threei} btw, on FAZ... if consolidates a little under 6.10, break of it is a play as well
[09:30] {Threei} if stays above 6
[09:31] {Threei} BAC pulling back
[09:31] {Threei} prepare half lot
[09:31] {Threei} we want sharp selloff under 11.50
[09:32] {Threei} FAZ in 5s... lol
[09:34] {Threei} Short Setup: BAC 11.80 half lot
[09:34] {nemo} missed
[09:34] {Threei} stop above 12
[09:35] {Threei} same setup
[09:37] {Threei} Long Setup: FAZ 6 break if stays above 5.90
[09:38] {Threei} stop 11.95 BAC
[09:39] {nemo} took the scalp on back ty
[09:39] {Threei} on whose back?
[09:39] {nemo} bac bohica
[09:39] {fernp} excellent Vad. out BAC ty
[09:40] {Threei} welcome... am I alone still in?? :)
[09:40] {pita} in faz
[09:40] {Threei} BAC 1:1
[09:40] {magoo} covered bac .65...wfc .65
[09:40] {magoo} in faz
[09:40] {Threei} covered galf
[09:40] {Threei} half
[09:41] {Threei} stop to b/e
[09:41] {Threei} FAZ 1:1
[09:41] {Threei} taking scalp on this one
[09:41] {jfjf64} ty
[09:41] {Threei} sure thing
[09:41] {jfjf64} good mornin
[09:42] {tomg} ty vad
[09:42] {Threei} tom :)
[09:42] {Threei} DRYS
[09:42] {pita} out faz ty
[09:42] {Threei} pita :)
[09:43] {Threei} DRYS pullback starts looking sufficient
[09:43] {Threei} not quite ready yet
[09:43] {ese} l fitb .78
[09:44] {nemo} all's right with the world, ese playing fitb
[09:44] {ese} indeed
[09:44] {Threei} good boy BAC
[09:44] {Threei} missed DRYS probably
[09:45] {Threei} BAC stop for the balance to .75, waiting to see if I get .50 breakdown
[09:45] {ese} out Fitb .90 +.12
[09:46] {nemo} 20000 of the little buggers?
[09:46] {ese} 15
[09:47] {Threei} {little buggers} this is abuse... discrimination by size
[09:47] {ese} have cut back just a little
[09:47] {nemo} not to mention referring to them as buggers
[09:47] {jfjf64} nice bac call also b
[09:48] {ese} that was a perfect dino play on that pullback
[09:49] {nemo} bac setting up again for a short?
[09:49] {ese} bstop FITB .00
[09:49] {ese} clear sailing above 5.00
[09:50] {ese} smaller shares
[09:51] {pita} FITB moving opposite FAS?
[09:51] {ese} perfect call re the market Vad.......
[09:51] {Threei} why pita
[09:51] {Threei} they move together
[09:51] {Threei} more or less
[09:51] {ese} L
[09:52] {nemo} careful ese, he'll dislocate his shoulder again
[09:52] {pita} exactly, why opposite now?
[09:52] {Threei} it's a pwermanent condition nemo
[09:52] {Threei} I don't see opposite
[09:52] {Threei} you sure tyou are looking at FAS and not at FAZ?
[09:53] {pita} yes, i'm sure - but my fas chart froze, not good...
[09:53] {Threei} okay... that explains it
[09:54] {ese} your working assumption is going to make me alot of money this morning vad
[09:54] {jfjf64} ese fitb sailing
[09:54] {Threei} done with BAC
[09:54] {Threei} good to hear ese
[09:54] {pita} with chart freezing, missed FITB run ;(
[09:54] {ese} out 1/2 .10 +.10
[10:01] {ese} out in full .15 +.15
[10:02] {ese} will see about pullback
[10:02] {magoo} wheres dino??
[10:06] {ese} vad.....what do you see as a good pullback area for FITB
[10:07] {ese} assuming market co operates....i'm thinking .90
[10:09] {dino} gm all, cinco de maya issues
[10:10] {nemo} ahhhh...hungover
[10:10] {fernp} gm dino
[10:10] {pita} hornitos shots!
[10:10] {Threei} dino :)
[10:10] {dino} maybe time to move, neighbors are killing me, tequilla
[10:10] {Threei} feels lower to me, ese...
[10:11] {dino} sm mygn ,99
[10:14] {ese} ya qqqq's not looking stong
[10:14] {ese} sorry ..lower than .90?
[10:15] {nemo} fitb looking like a potential short here?
[10:15] {dino} stop is .73
[10:15] {ese} would agree nemo
[10:15] {fernp} ORCL breakdown, Vad?
[10:15] {magoo} we in anything vad..been elsewhere
[10:15] {Threei} not sure fern... a bit too narrow
[10:16] {fernp} ok
[10:16] {jfjf64} got nervous vad thought ya left us
[10:16] {magoo} bounce time SPY RISKY in .20
[10:16] {magoo} DNDN
[10:17] {magoo} sheesh
[10:17] {jfjf64} wow
[10:17] {nemo} market buy?
[10:17] {dino} stopped -.28
[10:19] {nemo} look at dndn now
[10:19] {magoo} stop spy at .98
[10:21] {nemo} Hey ese, did you short?
[10:21] {magoo} spy no work
[10:21] {ese} hey nemo......no
[10:22] {nemo} me neither...just think 15000 of those little buggers
[10:22] {ese} just thinking about vad and his 6th sense....he's bang on again...fitb is lower
[10:22] {nemo} I'm telling ya' his shoulder is going to fall off one of these days. "Vad-the one armed day trader"
[10:22] {pita} where's the bounce spot FITB?
[10:23] {Threei} 4.80 is shaky one, 4.60 is much more solid
[10:23] {nemo} and no sighn of market help yet either
[10:24] {nemo} sign
[10:24] {ese} yup.....i'm in at that point regardless
[10:24] {nemo} .80 or .60 ese
[10:24] {ese} .60
[10:25] {ese} i'll buy something there....not sure how much but somethin
[10:25] {dino} trk
[10:25] {nemo} looks like a short candidate dino
[10:30] {Threei} *DOE CRUDE: +600K V +2.5ME
[10:30] {Threei} GASOLINE: -167K V +750KE;
[10:30] {nemo} that should shoot oil throgh the roof
[10:30] {Threei} actually it's dropping through the floor
[10:31] {nemo} watching dxo it shot up dropped back now we'll see
[10:32] {dino} pnra gap around 55,40
[10:32] {nemo} it's shooting up
[10:32] {Threei} hmmm
[10:32] {Threei} ESE
[10:32] {Threei} UPDATE: STEPHENS CUTS ESE TO EQUAL WEIGHT FROM OVERWEIGHT
[10:32] {Threei} - pre-open
[10:32] {nemo} ese, you lose weight?
[10:33] {Threei} Long Setup: FAZ 6.15
[10:34] {Threei} if sets up from here, stop under 6.10
[10:35] {Threei} under 6.05 will become rather bounce candidate
[10:36] {Threei} just under 6 most likely
[10:36] {magoo} BAC trying here
[10:36] {magoo} in .70
[10:37] {magoo} stop .59
[10:37] {Threei} Short Setup: MGM half lot .30 breakdown
[10:37] {Threei} if stays under .50
[10:37] {dino} mgln sm l .40
[10:38] {Threei} unavailable
[10:38] {dino} gpro sm l .60
[10:39] {Threei} Long Setup: HIG .80 break
[10:40] {nemo} in hig
[10:40] {Threei} for scalpers stop under .70
[10:40] {fernp} in
[10:40] {Threei} for day trade under .60
[10:41] {Threei} yesteday high is .99
[10:41] {Threei} has a good chance to break it for bigger run
[10:41] {Threei} those who go foa daytrade consider partialling
[10:42] {fernp} out ty
[10:42] {Threei} 1:1 for scalpers
[10:42] {pita} ty HIG
[10:42] {Threei} welcome
[10:43] {jfjf64} ty
[10:43] {nemo} stopped
[10:43] {Threei} hmm?
[10:44] {Threei} something's disconnected here
[10:44] {nemo} scalped 1/2
[10:44] {fernp} I like to be on that list :)
[10:44] {nemo} moved stop to 80
[10:44] {Threei} oh I see
[10:44] {nemo} then blew through the stop
[10:44] {nemo} net zero
[10:44] {jfjf64} faz ??
[10:45] {Threei} don't see any play on it here
[10:45] {jfjf64} ty
[10:48] {Threei} no, I still don't get it nemo... :)
[10:49] {Threei} if you were going for a scalp why half,
[10:49] {Threei} if you were going for day trade, you haven't reached 1:1, why partial
[10:49] {Threei} you did some kind of hybrid, lol
[10:49] {nemo} got in @ .80 sold half at .90
[10:49] {Threei} target and stop as with scalp, partialijg as with day trade
[10:50] {nemo} I was playing tighter
[10:50] {Threei} and result is not really harmful, just a wash
[10:50] {Threei} but internal logic of the play is lopsided
[10:51] {Threei} my inner feel of harmony is upset
[10:51] {Threei} see? now you've upset my inner feel of harmony
[10:51] {pita} zen?
06[10:51] * Threei is crying bitterly in the corner
[10:51] {nemo} no, you allow your inner feel to be upset
06[10:53] * Threei kicks HIG in the rear, trying to restore fragile emotional balance by resorting to means of violence
[10:54] {pita} non zen
[10:54] {Threei} nope
[10:54] {Threei} let's trail HIG stop to under .65
[10:55] {nemo} not true violence can be performed in a zen state. Best fighters fight in zen
[10:55] {dino} pmra sm l .00
[10:55] {Threei} double top is possible, so let's tighten it by trailing to under last pullback low
[10:55] {nemo} you mean pnra dino?
[10:56] {magoo} long SAAP{L .40
[10:56] {magoo} RISKY
[10:56] {magoo} 'top .14
[10:56] {magoo} out .68 GET OUT
[10:57] {magoo} fast'
[10:58] {Threei} daytraders half out HIG
[10:58] {magoo} what am i again vad..forgot?
[10:58] {Threei} ummm
[10:58] {Threei} your true nature is still being studied by science mags
[10:58] {ese} swing L Fitb .90
[10:58] {magoo} hurry up so i diont mniss exit
[10:58] {Threei} and presents extreme puzzle
[10:59] {nemo} They'd never seen DNA like it before
[10:59] {Threei} enigma wrapped in mystery is magoo
[11:00] {nemo} and Churchill didn't even know him
[11:00] {Threei} stop to .75 for the balance
[11:02] {dino} gpro to .89
[11:04] {dino} pnra to .30
[11:05] {dino} nice when a plan comes together
[11:05] {dino} out pmra +.30
[11:06] {dino} wow thank you hard stop
[11:06] {dino} air pocket
[11:08] {nemo} hig becoming short candidate?
[11:08] {Threei} nah
[11:10] {dino} synt
[11:10] {Threei} Long Setup: EGLE .81 break
[11:10] {Threei} stop under .70
[11:10] {Threei} for hardcore scalpers under .75
[11:10] {dino} gpro to .95
[11:11] {nemo} partial
[11:11] {dino} tighten to .99
[11:11] {Threei} run DRYS run
[11:11] {Threei} lift our EGLE
[11:12] {dptl} good morning all
[11:12] {Threei} dp :)
[11:12] {ese} dp
[11:13] {dino} to .01
[11:13] {dino} to .09
[11:14] {dino} trk
[11:15] {dino} out gpro .11 reverse slip, +.51
[11:16] {dino} trk taunting me, "go ahead dino, short me"
[11:16] {magoo} DRYS
[11:16] {larisa} did not see your short often, or just missed?
[11:17] {pita} still like EGLE - missed original call
[11:18] {dino} didn't do it yet larisa, i will let you know
[11:18] {larisa} lol
[11:18] {dino} waiting at 19.80 but thats not happening
[11:20] {nemo} there goes hig
[11:22] {dino} double top larisa?
[11:24] {dino} sm s ave .03 trk
[11:24] {dptl} still in egle,Vad?
[11:24] {larisa} nemo should know, he is our db dt expert lately :)
[11:24] {Threei} nothing changed really dp
[11:25] {dino} speaking of nemo, amsc
[11:26] {larisa} I played AMZN bounce from 79.90 to 80.30 , still shaking. never again :)
[11:26] {dptl} took .81
[11:26] {dino} lol
[11:26] {dptl} egle
[11:26] {Threei} why... adnrenaline is good for you larisa
[11:27] {Threei} especially when typed right
[11:27] {larisa} no, I like clear head and no emotions !!!!!!!!! like that
[11:28] {Threei} ah
[11:29] {nemo} stopped egle
[11:30] {dino} trk stuck, tighten bstop to .22
[11:30] {Threei} pretty much everything is stuck
[11:31] {dino} stopped -.19
[11:34] {dino} will reload break of .00
[11:34] {dino} and 3i, agree
[11:37] {Threei} F
[11:37] {Threei} ELECTRIC FOCUS MODEL TO BE LAUNCHED NEXT YEAR WILL HAVE A 100 MILE RANGE AND BE BUILT IN MICHIGAN - PRESS CONF
[11:37] {dino} sm l mygn .40
[11:38] {Threei} what a pity that MGM is not available for short
[11:39] {magoo} all finnies just popped
[11:39] {magoo} lvs is
[11:41] {dino} gmxr
[11:41] {chinggis} any read on ZION vad?
[11:42] {dino} trk wow almost hit that 19.80 order
[11:42] {Threei} 15 break is kind of standard setup for ZION... not sure it's worth the risk
[11:43] {chinggis} ok ty
[11:43] {Threei} LVS .40 short, maybe
[11:43] {Threei} if stays under .50
[11:43] {magoo} WFC getting strong here vad
[11:43] {magoo} JPM too
[11:44] {dino} pnra sm l .00
[11:46] {dino} trk s .40
[11:52] {jfjf64} lvs still valid vad
[11:54] {Threei} never went over .50
[11:55] {magoo} WFC
[11:57] {magoo} news AAPL vad?
[11:59] {magoo} WFCCCCCCCCCCCC
[12:00] {dino} trk stopped -.19, done w/.it
[12:01] {Threei} just went with market mags
[12:02] {magoo} i been long from first notice way earlier
[12:02] {dptl} egle stuck eh..
[12:04] {Threei} {EGLE} xcuse me? who are you calling stuck?
[12:04] {dptl} :)
[12:04] {Threei} CHRYSLER'S NON-TARP LENDERS NAMES REVEALED PER COURT RULING YESTERDAY: LENDERS INCLUDE FOXHILL OPPORTUNITY MASTER FUND, GROUP G PARTNERS, AND SCHULTZE MASTER FUND
[12:04] {Threei} I can't believe this
[12:05] {Threei} pitchforks, feathers and tar are ready I assume
[12:06] {dptl} half out egle
[12:07] {Threei} you know it's against the law to dismember eagles, right?
[12:07] {dptl} lol
[12:07] {Threei} DRYS goes for break
[12:08] {Threei} if succeeds should help EGLE
[12:08] {ese} L...U....N...C...H
[12:08] {Threei} great... ese made me hungry
[12:10] {Threei} F CEO: HAVE ENOUGH LIQUIDITY TO FUND RESTRUCTURING; STILL FORECASTING AUTO INDUSTRY RECOVERY IN 2H 2009 - PRESS CONF
[12:11] {ese} my swing trade in fitb is probably going linger now that the big boys are having a few martinis.....meaning i have to sit and wsait while they get drunk
[12:11] {Threei} I am not sure what prevents you from getting drunk yourself meanwhile
[12:15] {pita} enough fun for today, later everyone.
[12:15] {Threei} take care pita
[12:16] {Threei} half out EGLE
[12:16] {dino} cya pita
[12:17] {nemo} volumes staying up today
[12:19] {dptl} where are you trailing stop egle ,Vad?
[12:19] {Threei} under .80
[12:19] {dptl} ok ty
[12:25] {dino} is it me or is it slow today?
[12:25] {Threei} very
[12:26] {Threei} oh, and it's you
[12:26] {Threei} both
[12:26] {Threei} also, somehow it's magoo's fault
[12:26] {dino} annnn
[12:26] {dino} ahhhh
[12:29] {Threei} - Raymond James analyst comments that BAC could eventually rise into the $40s
[12:30] {Threei} BAC jumped as if it were to happen today
[12:30] {Threei} HEARING THINK EQUITY POSITIVE ON GIGM BASED ON BARNEY FRANK'S NEW ONLINE GAMBLING BILL (TIMING UNCERTAIN)
[12:30] {Threei} - reiterates Buy rating and $12 target
[12:32] {Threei} run EGLE run (yawn)
[12:33] {dptl} all out .95 ty
[12:33] {Threei} traitor
[12:34] {dptl} :)
[12:34] {Threei} smiling traitor
[12:36] {cosmo} one man's traitor is another man's partriot
[12:36] {larisa} lol
[12:36] {cosmo} do the math...:)
[12:36] {Threei} lol
[12:37] {magoo} looking for jpm.wfc and wfc to break highs
[12:38] {magoo} wfc=bac
[12:38] {cosmo} already?
[12:38] {Threei} hehe
[12:38] {Threei} good one cosmo
[12:39] {cosmo} :)
[12:39] {Threei} me out EGLE
[12:39] {Threei} +.16
[12:39] {Threei} dp's fault
[12:39] {Threei} started feeling lonely
[12:39] {dino} holx l .10\
[12:45] {chinggis} BAC pullback buyable vad?
[12:45] {Threei} looks so, I'd just like it closer to 12
[12:45] {chinggis} ok ty
[12:46] {Threei} TV discusses how Specter lost seniority in Senate when switched parties
[12:46] {Threei} how the hell is it opf interest to anyone but Specter?
[12:47] {magoo} CTIC CTIUC
[12:47] {Threei} I don't havce news
[12:47] {magoo} i caught .55 to .80 and WOW
[12:48] {Threei} must be hype somewhere
[12:48] {magoo} yea
[12:48] {magoo} nuts
[12:48] {magoo} be careful
[12:48] {magoo} laserhds cant short it
[12:48] {magoo} like u want to??
[12:49] {Threei} guy who bought 80 cents stock at 1.55 suggests us to be careful?
[12:49] {Threei} oh the humanity
[12:49] {magoo} just scalpin
[12:50] {Threei} well... if you said you invested in it, I'd offically listed you as insane
[12:50] {larisa} too many lists vad
[12:50] {Threei} it's no problem larisa
[12:51] {Threei} I lose them overnight anyway
[12:51] {Threei} and start anew
[12:51] {dptl} flying higher egle ,(they say it's going to be raining )
[12:52] {Threei} flying?
[12:52] {Threei} crawling is more like it
[12:52] {Threei} magoo with broken ankle running in mollasses
[12:52] {dptl} or that :)
[12:52] {magoo} i hope im on top of at least one of them
[12:52] {Threei} you are... most of them
[12:52] {Threei} runners in mollasses
[12:53] {Threei} gamblers extraordinare
[12:53] {Threei} CTIC... let the bagholders cry
[12:53] {Threei} women and children fikst to exit
[12:56] {dino} pnra stopped -.30
[12:56] {magoo} hit it .24 trying out .43
[12:56] {magoo} OUTTTTTTTTTTTTTTTTTTTTTTTTTTT
[12:56] {Threei} this one was good
[12:56] {Threei} not gambling
[12:57] {Threei} riskis beyond what most in the room would tolerate, but technically valid play
[12:57] {magoo} so add me to that list too:)
[12:58] {Threei} wow EGLE
[12:58] {Threei} I want a mulligan
[13:00] {magoo} vad..i need a good trade on aapl or rimm or the like
[13:00] {magoo} not now..but get watching them ok?
[13:01] {Threei} trade I can offer any moment
[13:01] {Threei} good - hmmm
[13:01] {magoo} not now..
[13:01] {dino} pnrav gap fill
[13:01] {dino} pnra
[13:01] {Threei} but why do you NEED a play on RIMM{ pray tell
[13:01] {magoo} my fix
[13:02] {Threei} lol... that's so wierd
[13:02] {Threei} weird
[13:02] {Threei} whatever
[13:02] {Threei} .50 closest RIMM support where I'd get interested
[13:03] {magoo} aapl has one in there too...get watchin
[13:05] {dino} for an up day, everything i watch is negative
[13:05] {Threei} quite odd feeling dino, I have it too
[13:06] {Threei} very compartmentalized market
[13:06] {dino} yeah
[13:06] {Threei} and make no mistake: this word is 3 times longer than I usually use, and it took me years of hard work to get this pompous
[13:07] {Threei} mags
[13:07] {dino} pnra l sm .40 on gap fill
[13:07] {Threei} may want to entertain short RIMM
[13:07] {Threei} resistance 77
[13:08] {Threei} see if it establishes little range
[13:08] {dino} bwld sm l .80
[13:08] {Threei} bounced into 77 on lower volume, feels right for short
[13:14] {Threei} GS
[13:14] {Threei} WILL REPORTEDLY NOT NEED CAPITAL AFTER STRESS TEST RESULTS ARE RELEASED
[13:14] {Threei} - Earlier a Citigroup analyst noted that GS and STT were going to perform the best in stress tests
[13:21] {Threei} HIG again
[13:21] {Threei} MS REPORTEDLY WILL NOT REQUIRE ADDITIONAL CAPITAL AFTER STRESS TEST RESULTS DUE TO CAPITAL BUFFER
[13:23] {Threei} didn't think that HIG consolidation was worth the risk
[13:23] {Threei} grrr
[13:34] {magoo} C C
[13:36] {Threei} C
[13:36] {Threei} WILL REPORTEDLY NEED $5B IN CAPITAL AFTER STRESS TEST; INCORPORATING PREVIOUSLY ANNOUNCED STOCK CONVERSION PLAN - UNCONFIRMED REPORT
[13:36] {Threei} - prior reports from earlier this week noted that Citigroup would need to raise an additional $10B in new funding
[13:36] {Threei} all these flying rumors
[13:37] {Threei} duirect result of whole mess with these idiotic tests
[13:42] {vinod} good afternoon. been busy lately
[13:42] {Threei} MET
[13:42] {Threei} WILL REPORTEDLY NOT NEED ADDITIONAL CAPITAL AFTER STRESS TEST - UNCONFIRMED REPORT
[13:42] {Threei} hi vinod
[13:42] {vinod} lots of problem with sever I am managing
[13:43] {larisa} are we interested in LVS bottom ?
[13:43] {Threei} one more quick dive, and yes
[13:44] {Threei} to or under .50
[13:52] {larisa} you always want one more, greedy :)
[13:53] {Threei} yeah... sorry
[13:53] {larisa} np, i scalped it .60-.75
[13:54] {Threei} didn't look convincing to me
[13:54] {larisa} I was thinking temp bottom too
[13:55] {Threei} STT... what a move of that news
[13:57] {nemo} looks like the rally is confirmed. Banks have been blessed volumes are up
[13:57] {Threei} huh?
[13:57] {Threei} this bank rally comes to an end, IMO
[13:58] {Threei} stress test results is what this rally leads up to, with dump after
[13:58] {nemo} that's what we smart guys (and gals) expect
[14:01] {vinod} look like i haven't miss anything?
[14:01] {Threei} WFC... if this continues, magoo will buy 26 break
[14:06] {Threei} C and BAC are the storngest
[14:06] {Threei} WHITE HOUSE PRESS SEC REITERATING CONFIDENCE THAT CHRYSLER BANKRUPTCY CAN BE 'QUICK AND ORDERLY'
[14:08] {Threei} HIG consolidates again
[14:09] {Threei} C
[14:09] {Threei} if you are in the mood to try pullback
[14:09] {Threei} around .80 - .85
[14:09] {magoo} dammit
[14:12] {Threei} C
[14:12] {Threei} TO HOLD CONFERENCE CALL THURSDAY AT 6PMET TO DISCUSS STRESS TEST RESULTS
[14:13] {Threei} BAC
[14:13] {Threei} HAS NOT BEEN ASKED TO RAISE CAPITAL
[14:14] {nemo} they bought Countrywide at gunpoint so they'll get the kiss behind the ear from the gubmint
[14:14] {Threei} I'd assume that's good, but good and bad seem to lose any meaning lately
[14:18] {vinod} Why to rock the boat market doing good delay stress test
[14:18] {Threei} trap is ready to shut
[14:18] {Threei} publish half-decent looking result, public happily buys in
[14:19] {Threei} dump in their lap all accumulated over last couple month
[14:19] {Threei} and start the cycle anew
[14:19] {Threei} rinse and repeat
[14:21] {jfjf64} hig
[14:21] {Threei} who took C at the level I indicated, take scalp or sell half here
[14:21] {dptl} so Magoo is in wfc?
[14:23] {vinod} I took WFC at 26.00 as vad said
[14:23] {Threei} partial out here
[14:23] {Threei} or just take scalp and be happy
[14:23] {vinod} out at 26.25
[14:23] {Threei} this starts looking a bit hysterical
[14:23] {vinod} wow! it is going
[14:23] {Threei} can change on a dime
[14:24] {Threei} FITB... I winder if ese is still in
[14:24] {Threei} wonder too
[14:24] {vinod} my frist trade in two days
[14:25] {chinggis} out C +.06 ty
[14:25] {Threei} good to see it's a win
[14:27] {chinggis} C in .88 , out .94
[14:29] {Threei} a little high... but trends are forgiving
[14:30] {ese} Hi all.....coming to you from the music room at Victoria High school
[14:30] {dino} es
[14:31] {Threei} 14:24] {Threei} FITB... I wonder if ese is still in
[14:31] {larisa} sell your FITB and retire, ese :)
[14:31] {ese} out FITB .21 +.31
[14:31] {chinggis} gj ese
[14:31] {Threei} 20K littlebuggers?
[14:31] {dino} bwld stop to .09
[14:31] {vinod} FAZ going to be at 3?
[14:32] {Threei} today?
[14:32] {Threei} or eventually?
[14:32] {ese} no just 15k vad.....being a little more cautious with it
[14:32] {vinod} eventually
[14:32] {ese} it's made a nice move
[14:33] {dino} out bwld +.29
[14:33] {Threei} eventually I can't see how it can avoid being zero
[14:33] {vinod} reverse split
[14:33] {ese} how does that work.......
[14:33] {dino} mygn to flat
[14:33] {nemo} cut back on the number of shares
[14:34] {nemo} instead of giving 2 for every 1, you cut them in half
[14:34] {Threei} I don't know how reverse split can work on ETF
[14:34] {nemo} whatever ratio you want to use
[14:34] {vinod} don't aks bank rober who to rob a bank
[14:34] {nemo} me neither
[14:34] {Threei} there are too many factors involved
[14:34] {Threei} nor, to say honestly, do I care to find out
[14:35] {dino} mygn stopped flat
[14:42] {dino} tree
[14:43] {Threei} nice pullback FITB
[14:43] {Threei} and BAC
[14:43] {ese} i'll say
[14:44] {ese} i missed the stress test report....what was the outcome
[14:45] {Threei} rumors only for now
[14:49] {jfjf64} bounce bac vad
[14:50] {dino} mygn l .25
[14:50] {jfjf64} needs to consilated correct
[14:51] {vinod} bank rally could fade, erasing the gains, as quickly as it started.
[14:51] {Threei} yes vinod, but only after it suckers in the, umm, suckers
[14:52] {magoo} last hour prediction vad?
[14:53] {Threei} up
[14:53] {nemo} 170
[14:54] {magoo} ty
[14:56] {ese} signing off everyone....see you tomorow
[14:56] {Threei} take care ese, congratulations
[14:56] {Threei} another fine day for you
[14:56] {ese} thank you
[14:56] {Threei} except little buggers will sue you soner or later
[14:56] {ese} thas what i'm afraid of
[14:57] {ese} see ya
[14:59] {Threei} US SENATE REPORTEDLY AIMING TO INCREASE FEDERAL RESERVE OVERSIGHT AUTHORITY
[14:59] {Threei} {XLF}
[14:59] {Threei} sh*t
[14:59] {Threei} pardon my french
[14:59] {nemo} merde
[15:10] {jfjf64} uso ??
[15:12] {Threei} chart is right for a break
[15:12] {Threei} but you know how volatile USO can be?
[15:12] {Threei} be very careful with it
[15:12] {jfjf64} up or down lol
[15:12] {dino} mygn stopped -.27
[15:12] {dino} bwld l .55
[15:12] {chinggis} PTEN chart looks like USO
[15:12] {dino} sm
[15:13] {chinggis} my bad, it was wrong
[15:13] {chinggis} i was looking at different chart
[15:19] {Threei} ABk
[15:19] {Threei} SEEKING $1B IN DAMAGES FROM JPM
[15:21] {Threei} watching WFC for fast selling
[15:22] {Threei} to enter for bounce
[15:24] {Threei} here it goes
[15:24] {Threei} one more sharp red bar please
[15:25] {Threei} BAC around 12.10 and WFC .40 - .50 is probale bounce zones
[15:25] {Threei} in WFC
[15:25] {Threei} .44, stop under .35
[15:26] {Threei} in BAC .15
[15:26] {Threei} out WFC .62
[15:26] {Threei} BAC stop under .10
[15:27] {magoo} out .69 TY
[15:27] {Threei} wtg
[15:27] {Threei} anyone else?
[15:27] {Threei} come on guys, easy play, and alerted well in advance
[15:27] {jfjf64} ty ty
[15:27] {larisa} I was waiting for 1 more bar:)
[15:27] {nemo} knife catcher Vad
[15:27] {Threei} lol
[15:28] {Threei} nah, not really
[15:28] {jfjf64} in .57 out .71
[15:28] {Threei} clean nice capitulation right into support
[15:28] {jfjf64} slipp on way out
[15:28] {Threei} .57?
[15:28] {Threei} wow
[15:28] {Threei} that's high
[15:29] {jfjf64} i know prints not good
[15:29] {Threei} out BACbe careful jf, on capitulatory selloff you don't have much room
[15:29] {Threei} umm
[15:29] {Threei} that was two sentences in one
[15:29] {Threei} let me try again
[15:30] {Threei} be careful jf, on capitulatory selloff you don't have much room
[15:30] {Threei} one
[15:30] {Threei} anotyher:
[15:30] {Threei} out BAC .25
[15:30] {jfjf64} nice
[15:34] {Threei} as always, I have zero patience for these plays
[15:34] {Threei} WFC was worth over 50 cents
[15:34] {Threei} BAC 20
[15:35] {jfjf64} hmm
[15:35] {dino} bwld stop to .72
[15:36] {dino} slipped ave .67, +.13
[15:37] {dino} holx to .18
[15:37] {dino} out +.08
[15:38] {vinod} bac in 0.15 out .30 late to report
[15:38] {dino} gpro l; .51
[15:38] {Threei} wtg vinod
[15:39] {Threei} not too bad for vene vidi vici style of trading
[15:39] {vinod} no wfc
[15:40] {vinod} can't use chart like you guy do
[15:40] {Threei} what's chart?
[15:42] {vinod} something like that
[15:42] {Threei} JPM
[15:42] {Threei} CONFIRMS TO HOLD INVESTOR CONFERENCE CALL TO DISCUSS RESULTS FROM SUPERVISORY CAPITAL ASSESSMENT PROGRAM
[15:46] {dino} out gpro .63, +.12
[15:46] {Threei} dino, stop it
[15:46] {Threei} you are encroaching on my teritory
[15:47] {Threei} you do your +.90 plays, I'll do my +.12
[15:48] {dino} fine!
[15:49] {wulff} night all
[15:49] {Threei} take care wulff
[15:49] {dino} cya wulf
[15:50] {fernp} good evening everybody, see u tomorrow
[15:50] {Threei} fern :)
[15:51] {dptl} have a good evening all
[15:51] {vinod} good evening and see you tomorrow
[15:51] {Threei} dp, vinod :)
[15:51] {Threei} am I staying here to turn the lights off??
[15:51] {jfjf64} enjoy
[15:51] {jfjf64} im with ya
[15:55] {Threei} okay guys, no slightest desire to push anything on last minutes
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {magoo} ty vad
[15:56] {larisa} later :)
[15:56] {jfjf64} later
[08:12] {magoo} morning
[08:14] {Threei} good morning
[08:15] {Threei} APR ADP EMPLOYMENT CHANGE: -491K V -645KE
[08:15] {Threei} all is wel
[08:15] {Threei} well too
[08:16] {magoo} less decline than expected
[08:19] {magoo} FIG news vad?
[08:20] {Threei} 05/06/09 07:10am
[08:20] {Threei} [FIG] Fortress Investment Group LLC Reports Q1 GAAP -$0.71 v -$0.74 y/y, R $122.3M v $87.3Me
[08:20] {Threei} - Reports AUM $29.5B v $29.5B q/q
[08:34] {pita} gm everyone
[08:35] {Threei} pita :)
[08:42] {Threei} (US) FDIC'S BAIR: URGES CONGRESS TO CREATE A "SYSTEMIC RISK COUNCIL," TO INCLUDE FDIC, TREASURY, FED AND SEC REPRESENTATIVES
[08:48] {Threei} FAZ decisively aims toward zero
[08:51] {Threei} FIG CEO: BELIEVES THERE WILL BE "SIGNIFICANT" CONSOLIDATION AMONG US BANKS - CONF CALL
[08:53] {chinggis} gm all
[08:53] {Threei} chinggis :)
[08:56] {cosmo} CROX
[09:04] {Threei} DRYS consolidates under 10.30
[09:05] {nemo} What I miss?
[09:06] {Threei} depends on how many centuries you slept...
[09:06] {nemo} just call me Rip
[09:06] {ese} good morning
[09:06] {Threei} but if you know that the cold war is over, you are fairly up to speed
[09:06] {Threei} ese :)
[09:07] {cosmo} the latest cold war?
[09:08] {Threei} don't confuse him cosmo
[09:08] {cosmo} k....back to sleep then
[09:08] {Threei} I mean, any more than I will
[09:10] {cosmo} its your privlage, of course
[09:10] {cosmo} privlege
[09:10] {fernp} Good morning
[09:10] {Threei} fern :)
[09:10] {cosmo} DRYS tests
[09:12] {cosmo} 10.30 wall melts
[09:12] {pita} can this pre mkt bank run continue?
[09:12] {pita} quite the rip
[09:13] {Threei} it can, but the main question is, are we willing to chasde it insteasd of waiting for pullback?
[09:13] {nemo} what isn't ripping
[09:15] {Threei} (US) SENATOR DODD: BELIEVES FDIC SHOULD BE GIVEN RESOLUTION AUTHORITY FOR LARGE FAILING FINANCIAL FIRMS
[09:15] {Threei} - Must be adequate safeguards in place to prevent big financial firms from taking on too much risk.
[09:15] {Threei} - Large financial firms may require new disclosure and reporting requirements.
[09:15] {Threei} - Would like to see power to regulate systemic risk held by more than just one body.
[09:17] {Threei} so, with all the rumors flying around about BAC needing tens on billions, it moves up almost two points pre-market?
[09:17] {nemo} another sprint out of the gate day and meander around the high until the program trading kicks in after three and gooses it some more?
[09:22] {Threei} working assumption is, hard pullback from the opening, a few nervous moves, then recovery and new highs
[09:22] {Threei} if market jumps up from the open, I will miss the move
[09:24] {Threei} FIG knows no limits eh?
[09:25] {Threei} if you feel the pullback after open is our scenario and don't mind very risky opening play,
[09:25] {Threei} FAZ 6.20 break is your play
[09:26] {nemo} vinod and Mags should be all over it
[09:27] {Threei} BAC is climbing even more into open
[09:27] {Threei} definitely "wait for pullback"
[09:27] {Threei} no way I am buying breakout here
[09:28] {Threei} I am rather prepared to cry if it goes to 15 with no pullbacvk
[09:28] {Threei} nemo, pass me a tissue please...
[09:28] {nemo} use your sleeve
[09:28] {Threei} how inconsiderate
[09:29] {nemo} that's what they're for
[09:29] {Threei} keeping DRYS and LVS on bakcburner as well
[09:30] {Threei} btw, on FAZ... if consolidates a little under 6.10, break of it is a play as well
[09:30] {Threei} if stays above 6
[09:31] {Threei} BAC pulling back
[09:31] {Threei} prepare half lot
[09:31] {Threei} we want sharp selloff under 11.50
[09:32] {Threei} FAZ in 5s... lol
[09:34] {Threei} Short Setup: BAC 11.80 half lot
[09:34] {nemo} missed
[09:34] {Threei} stop above 12
[09:35] {Threei} same setup
[09:37] {Threei} Long Setup: FAZ 6 break if stays above 5.90
[09:38] {Threei} stop 11.95 BAC
[09:39] {nemo} took the scalp on back ty
[09:39] {Threei} on whose back?
[09:39] {nemo} bac bohica
[09:39] {fernp} excellent Vad. out BAC ty
[09:40] {Threei} welcome... am I alone still in?? :)
[09:40] {pita} in faz
[09:40] {Threei} BAC 1:1
[09:40] {magoo} covered bac .65...wfc .65
[09:40] {magoo} in faz
[09:40] {Threei} covered galf
[09:40] {Threei} half
[09:41] {Threei} stop to b/e
[09:41] {Threei} FAZ 1:1
[09:41] {Threei} taking scalp on this one
[09:41] {jfjf64} ty
[09:41] {Threei} sure thing
[09:41] {jfjf64} good mornin
[09:42] {tomg} ty vad
[09:42] {Threei} tom :)
[09:42] {Threei} DRYS
[09:42] {pita} out faz ty
[09:42] {Threei} pita :)
[09:43] {Threei} DRYS pullback starts looking sufficient
[09:43] {Threei} not quite ready yet
[09:43] {ese} l fitb .78
[09:44] {nemo} all's right with the world, ese playing fitb
[09:44] {ese} indeed
[09:44] {Threei} good boy BAC
[09:44] {Threei} missed DRYS probably
[09:45] {Threei} BAC stop for the balance to .75, waiting to see if I get .50 breakdown
[09:45] {ese} out Fitb .90 +.12
[09:46] {nemo} 20000 of the little buggers?
[09:46] {ese} 15
[09:47] {Threei} {little buggers} this is abuse... discrimination by size
[09:47] {ese} have cut back just a little
[09:47] {nemo} not to mention referring to them as buggers
[09:47] {jfjf64} nice bac call also b
[09:48] {ese} that was a perfect dino play on that pullback
[09:49] {nemo} bac setting up again for a short?
[09:49] {ese} bstop FITB .00
[09:49] {ese} clear sailing above 5.00
[09:50] {ese} smaller shares
[09:51] {pita} FITB moving opposite FAS?
[09:51] {ese} perfect call re the market Vad.......
[09:51] {Threei} why pita
[09:51] {Threei} they move together
[09:51] {Threei} more or less
[09:51] {ese} L
[09:52] {nemo} careful ese, he'll dislocate his shoulder again
[09:52] {pita} exactly, why opposite now?
[09:52] {Threei} it's a pwermanent condition nemo
[09:52] {Threei} I don't see opposite
[09:52] {Threei} you sure tyou are looking at FAS and not at FAZ?
[09:53] {pita} yes, i'm sure - but my fas chart froze, not good...
[09:53] {Threei} okay... that explains it
[09:54] {ese} your working assumption is going to make me alot of money this morning vad
[09:54] {jfjf64} ese fitb sailing
[09:54] {Threei} done with BAC
[09:54] {Threei} good to hear ese
[09:54] {pita} with chart freezing, missed FITB run ;(
[09:54] {ese} out 1/2 .10 +.10
[10:01] {ese} out in full .15 +.15
[10:02] {ese} will see about pullback
[10:02] {magoo} wheres dino??
[10:06] {ese} vad.....what do you see as a good pullback area for FITB
[10:07] {ese} assuming market co operates....i'm thinking .90
[10:09] {dino} gm all, cinco de maya issues
[10:10] {nemo} ahhhh...hungover
[10:10] {fernp} gm dino
[10:10] {pita} hornitos shots!
[10:10] {Threei} dino :)
[10:10] {dino} maybe time to move, neighbors are killing me, tequilla
[10:10] {Threei} feels lower to me, ese...
[10:11] {dino} sm mygn ,99
[10:14] {ese} ya qqqq's not looking stong
[10:14] {ese} sorry ..lower than .90?
[10:15] {nemo} fitb looking like a potential short here?
[10:15] {dino} stop is .73
[10:15] {ese} would agree nemo
[10:15] {fernp} ORCL breakdown, Vad?
[10:15] {magoo} we in anything vad..been elsewhere
[10:15] {Threei} not sure fern... a bit too narrow
[10:16] {fernp} ok
[10:16] {jfjf64} got nervous vad thought ya left us
[10:16] {magoo} bounce time SPY RISKY in .20
[10:16] {magoo} DNDN
[10:17] {magoo} sheesh
[10:17] {jfjf64} wow
[10:17] {nemo} market buy?
[10:17] {dino} stopped -.28
[10:19] {nemo} look at dndn now
[10:19] {magoo} stop spy at .98
[10:21] {nemo} Hey ese, did you short?
[10:21] {magoo} spy no work
[10:21] {ese} hey nemo......no
[10:22] {nemo} me neither...just think 15000 of those little buggers
[10:22] {ese} just thinking about vad and his 6th sense....he's bang on again...fitb is lower
[10:22] {nemo} I'm telling ya' his shoulder is going to fall off one of these days. "Vad-the one armed day trader"
[10:22] {pita} where's the bounce spot FITB?
[10:23] {Threei} 4.80 is shaky one, 4.60 is much more solid
[10:23] {nemo} and no sighn of market help yet either
[10:24] {nemo} sign
[10:24] {ese} yup.....i'm in at that point regardless
[10:24] {nemo} .80 or .60 ese
[10:24] {ese} .60
[10:25] {ese} i'll buy something there....not sure how much but somethin
[10:25] {dino} trk
[10:25] {nemo} looks like a short candidate dino
[10:30] {Threei} *DOE CRUDE: +600K V +2.5ME
[10:30] {Threei} GASOLINE: -167K V +750KE;
[10:30] {nemo} that should shoot oil throgh the roof
[10:30] {Threei} actually it's dropping through the floor
[10:31] {nemo} watching dxo it shot up dropped back now we'll see
[10:32] {dino} pnra gap around 55,40
[10:32] {nemo} it's shooting up
[10:32] {Threei} hmmm
[10:32] {Threei} ESE
[10:32] {Threei} UPDATE: STEPHENS CUTS ESE TO EQUAL WEIGHT FROM OVERWEIGHT
[10:32] {Threei} - pre-open
[10:32] {nemo} ese, you lose weight?
[10:33] {Threei} Long Setup: FAZ 6.15
[10:34] {Threei} if sets up from here, stop under 6.10
[10:35] {Threei} under 6.05 will become rather bounce candidate
[10:36] {Threei} just under 6 most likely
[10:36] {magoo} BAC trying here
[10:36] {magoo} in .70
[10:37] {magoo} stop .59
[10:37] {Threei} Short Setup: MGM half lot .30 breakdown
[10:37] {Threei} if stays under .50
[10:37] {dino} mgln sm l .40
[10:38] {Threei} unavailable
[10:38] {dino} gpro sm l .60
[10:39] {Threei} Long Setup: HIG .80 break
[10:40] {nemo} in hig
[10:40] {Threei} for scalpers stop under .70
[10:40] {fernp} in
[10:40] {Threei} for day trade under .60
[10:41] {Threei} yesteday high is .99
[10:41] {Threei} has a good chance to break it for bigger run
[10:41] {Threei} those who go foa daytrade consider partialling
[10:42] {fernp} out ty
[10:42] {Threei} 1:1 for scalpers
[10:42] {pita} ty HIG
[10:42] {Threei} welcome
[10:43] {jfjf64} ty
[10:43] {nemo} stopped
[10:43] {Threei} hmm?
[10:44] {Threei} something's disconnected here
[10:44] {nemo} scalped 1/2
[10:44] {fernp} I like to be on that list :)
[10:44] {nemo} moved stop to 80
[10:44] {Threei} oh I see
[10:44] {nemo} then blew through the stop
[10:44] {nemo} net zero
[10:44] {jfjf64} faz ??
[10:45] {Threei} don't see any play on it here
[10:45] {jfjf64} ty
[10:48] {Threei} no, I still don't get it nemo... :)
[10:49] {Threei} if you were going for a scalp why half,
[10:49] {Threei} if you were going for day trade, you haven't reached 1:1, why partial
[10:49] {Threei} you did some kind of hybrid, lol
[10:49] {nemo} got in @ .80 sold half at .90
[10:49] {Threei} target and stop as with scalp, partialijg as with day trade
[10:50] {nemo} I was playing tighter
[10:50] {Threei} and result is not really harmful, just a wash
[10:50] {Threei} but internal logic of the play is lopsided
[10:51] {Threei} my inner feel of harmony is upset
[10:51] {Threei} see? now you've upset my inner feel of harmony
[10:51] {pita} zen?
06[10:51] * Threei is crying bitterly in the corner
[10:51] {nemo} no, you allow your inner feel to be upset
06[10:53] * Threei kicks HIG in the rear, trying to restore fragile emotional balance by resorting to means of violence
[10:54] {pita} non zen
[10:54] {Threei} nope
[10:54] {Threei} let's trail HIG stop to under .65
[10:55] {nemo} not true violence can be performed in a zen state. Best fighters fight in zen
[10:55] {dino} pmra sm l .00
[10:55] {Threei} double top is possible, so let's tighten it by trailing to under last pullback low
[10:55] {nemo} you mean pnra dino?
[10:56] {magoo} long SAAP{L .40
[10:56] {magoo} RISKY
[10:56] {magoo} 'top .14
[10:56] {magoo} out .68 GET OUT
[10:57] {magoo} fast'
[10:58] {Threei} daytraders half out HIG
[10:58] {magoo} what am i again vad..forgot?
[10:58] {Threei} ummm
[10:58] {Threei} your true nature is still being studied by science mags
[10:58] {ese} swing L Fitb .90
[10:58] {magoo} hurry up so i diont mniss exit
[10:58] {Threei} and presents extreme puzzle
[10:59] {nemo} They'd never seen DNA like it before
[10:59] {Threei} enigma wrapped in mystery is magoo
[11:00] {nemo} and Churchill didn't even know him
[11:00] {Threei} stop to .75 for the balance
[11:02] {dino} gpro to .89
[11:04] {dino} pnra to .30
[11:05] {dino} nice when a plan comes together
[11:05] {dino} out pmra +.30
[11:06] {dino} wow thank you hard stop
[11:06] {dino} air pocket
[11:08] {nemo} hig becoming short candidate?
[11:08] {Threei} nah
[11:10] {dino} synt
[11:10] {Threei} Long Setup: EGLE .81 break
[11:10] {Threei} stop under .70
[11:10] {Threei} for hardcore scalpers under .75
[11:10] {dino} gpro to .95
[11:11] {nemo} partial
[11:11] {dino} tighten to .99
[11:11] {Threei} run DRYS run
[11:11] {Threei} lift our EGLE
[11:12] {dptl} good morning all
[11:12] {Threei} dp :)
[11:12] {ese} dp
[11:13] {dino} to .01
[11:13] {dino} to .09
[11:14] {dino} trk
[11:15] {dino} out gpro .11 reverse slip, +.51
[11:16] {dino} trk taunting me, "go ahead dino, short me"
[11:16] {magoo} DRYS
[11:16] {larisa} did not see your short often, or just missed?
[11:17] {pita} still like EGLE - missed original call
[11:18] {dino} didn't do it yet larisa, i will let you know
[11:18] {larisa} lol
[11:18] {dino} waiting at 19.80 but thats not happening
[11:20] {nemo} there goes hig
[11:22] {dino} double top larisa?
[11:24] {dino} sm s ave .03 trk
[11:24] {dptl} still in egle,Vad?
[11:24] {larisa} nemo should know, he is our db dt expert lately :)
[11:24] {Threei} nothing changed really dp
[11:25] {dino} speaking of nemo, amsc
[11:26] {larisa} I played AMZN bounce from 79.90 to 80.30 , still shaking. never again :)
[11:26] {dptl} took .81
[11:26] {dino} lol
[11:26] {dptl} egle
[11:26] {Threei} why... adnrenaline is good for you larisa
[11:27] {Threei} especially when typed right
[11:27] {larisa} no, I like clear head and no emotions !!!!!!!!! like that
[11:28] {Threei} ah
[11:29] {nemo} stopped egle
[11:30] {dino} trk stuck, tighten bstop to .22
[11:30] {Threei} pretty much everything is stuck
[11:31] {dino} stopped -.19
[11:34] {dino} will reload break of .00
[11:34] {dino} and 3i, agree
[11:37] {Threei} F
[11:37] {Threei} ELECTRIC FOCUS MODEL TO BE LAUNCHED NEXT YEAR WILL HAVE A 100 MILE RANGE AND BE BUILT IN MICHIGAN - PRESS CONF
[11:37] {dino} sm l mygn .40
[11:38] {Threei} what a pity that MGM is not available for short
[11:39] {magoo} all finnies just popped
[11:39] {magoo} lvs is
[11:41] {dino} gmxr
[11:41] {chinggis} any read on ZION vad?
[11:42] {dino} trk wow almost hit that 19.80 order
[11:42] {Threei} 15 break is kind of standard setup for ZION... not sure it's worth the risk
[11:43] {chinggis} ok ty
[11:43] {Threei} LVS .40 short, maybe
[11:43] {Threei} if stays under .50
[11:43] {magoo} WFC getting strong here vad
[11:43] {magoo} JPM too
[11:44] {dino} pnra sm l .00
[11:46] {dino} trk s .40
[11:52] {jfjf64} lvs still valid vad
[11:54] {Threei} never went over .50
[11:55] {magoo} WFC
[11:57] {magoo} news AAPL vad?
[11:59] {magoo} WFCCCCCCCCCCCC
[12:00] {dino} trk stopped -.19, done w/.it
[12:01] {Threei} just went with market mags
[12:02] {magoo} i been long from first notice way earlier
[12:02] {dptl} egle stuck eh..
[12:04] {Threei} {EGLE} xcuse me? who are you calling stuck?
[12:04] {dptl} :)
[12:04] {Threei} CHRYSLER'S NON-TARP LENDERS NAMES REVEALED PER COURT RULING YESTERDAY: LENDERS INCLUDE FOXHILL OPPORTUNITY MASTER FUND, GROUP G PARTNERS, AND SCHULTZE MASTER FUND
[12:04] {Threei} I can't believe this
[12:05] {Threei} pitchforks, feathers and tar are ready I assume
[12:06] {dptl} half out egle
[12:07] {Threei} you know it's against the law to dismember eagles, right?
[12:07] {dptl} lol
[12:07] {Threei} DRYS goes for break
[12:08] {Threei} if succeeds should help EGLE
[12:08] {ese} L...U....N...C...H
[12:08] {Threei} great... ese made me hungry
[12:10] {Threei} F CEO: HAVE ENOUGH LIQUIDITY TO FUND RESTRUCTURING; STILL FORECASTING AUTO INDUSTRY RECOVERY IN 2H 2009 - PRESS CONF
[12:11] {ese} my swing trade in fitb is probably going linger now that the big boys are having a few martinis.....meaning i have to sit and wsait while they get drunk
[12:11] {Threei} I am not sure what prevents you from getting drunk yourself meanwhile
[12:15] {pita} enough fun for today, later everyone.
[12:15] {Threei} take care pita
[12:16] {Threei} half out EGLE
[12:16] {dino} cya pita
[12:17] {nemo} volumes staying up today
[12:19] {dptl} where are you trailing stop egle ,Vad?
[12:19] {Threei} under .80
[12:19] {dptl} ok ty
[12:25] {dino} is it me or is it slow today?
[12:25] {Threei} very
[12:26] {Threei} oh, and it's you
[12:26] {Threei} both
[12:26] {Threei} also, somehow it's magoo's fault
[12:26] {dino} annnn
[12:26] {dino} ahhhh
[12:29] {Threei} - Raymond James analyst comments that BAC could eventually rise into the $40s
[12:30] {Threei} BAC jumped as if it were to happen today
[12:30] {Threei} HEARING THINK EQUITY POSITIVE ON GIGM BASED ON BARNEY FRANK'S NEW ONLINE GAMBLING BILL (TIMING UNCERTAIN)
[12:30] {Threei} - reiterates Buy rating and $12 target
[12:32] {Threei} run EGLE run (yawn)
[12:33] {dptl} all out .95 ty
[12:33] {Threei} traitor
[12:34] {dptl} :)
[12:34] {Threei} smiling traitor
[12:36] {cosmo} one man's traitor is another man's partriot
[12:36] {larisa} lol
[12:36] {cosmo} do the math...:)
[12:36] {Threei} lol
[12:37] {magoo} looking for jpm.wfc and wfc to break highs
[12:38] {magoo} wfc=bac
[12:38] {cosmo} already?
[12:38] {Threei} hehe
[12:38] {Threei} good one cosmo
[12:39] {cosmo} :)
[12:39] {Threei} me out EGLE
[12:39] {Threei} +.16
[12:39] {Threei} dp's fault
[12:39] {Threei} started feeling lonely
[12:39] {dino} holx l .10\
[12:45] {chinggis} BAC pullback buyable vad?
[12:45] {Threei} looks so, I'd just like it closer to 12
[12:45] {chinggis} ok ty
[12:46] {Threei} TV discusses how Specter lost seniority in Senate when switched parties
[12:46] {Threei} how the hell is it opf interest to anyone but Specter?
[12:47] {magoo} CTIC CTIUC
[12:47] {Threei} I don't havce news
[12:47] {magoo} i caught .55 to .80 and WOW
[12:48] {Threei} must be hype somewhere
[12:48] {magoo} yea
[12:48] {magoo} nuts
[12:48] {magoo} be careful
[12:48] {magoo} laserhds cant short it
[12:48] {magoo} like u want to??
[12:49] {Threei} guy who bought 80 cents stock at 1.55 suggests us to be careful?
[12:49] {Threei} oh the humanity
[12:49] {magoo} just scalpin
[12:50] {Threei} well... if you said you invested in it, I'd offically listed you as insane
[12:50] {larisa} too many lists vad
[12:50] {Threei} it's no problem larisa
[12:51] {Threei} I lose them overnight anyway
[12:51] {Threei} and start anew
[12:51] {dptl} flying higher egle ,(they say it's going to be raining )
[12:52] {Threei} flying?
[12:52] {Threei} crawling is more like it
[12:52] {Threei} magoo with broken ankle running in mollasses
[12:52] {dptl} or that :)
[12:52] {magoo} i hope im on top of at least one of them
[12:52] {Threei} you are... most of them
[12:52] {Threei} runners in mollasses
[12:53] {Threei} gamblers extraordinare
[12:53] {Threei} CTIC... let the bagholders cry
[12:53] {Threei} women and children fikst to exit
[12:56] {dino} pnra stopped -.30
[12:56] {magoo} hit it .24 trying out .43
[12:56] {magoo} OUTTTTTTTTTTTTTTTTTTTTTTTTTTT
[12:56] {Threei} this one was good
[12:56] {Threei} not gambling
[12:57] {Threei} riskis beyond what most in the room would tolerate, but technically valid play
[12:57] {magoo} so add me to that list too:)
[12:58] {Threei} wow EGLE
[12:58] {Threei} I want a mulligan
[13:00] {magoo} vad..i need a good trade on aapl or rimm or the like
[13:00] {magoo} not now..but get watching them ok?
[13:01] {Threei} trade I can offer any moment
[13:01] {Threei} good - hmmm
[13:01] {magoo} not now..
[13:01] {dino} pnrav gap fill
[13:01] {dino} pnra
[13:01] {Threei} but why do you NEED a play on RIMM{ pray tell
[13:01] {magoo} my fix
[13:02] {Threei} lol... that's so wierd
[13:02] {Threei} weird
[13:02] {Threei} whatever
[13:02] {Threei} .50 closest RIMM support where I'd get interested
[13:03] {magoo} aapl has one in there too...get watchin
[13:05] {dino} for an up day, everything i watch is negative
[13:05] {Threei} quite odd feeling dino, I have it too
[13:06] {Threei} very compartmentalized market
[13:06] {dino} yeah
[13:06] {Threei} and make no mistake: this word is 3 times longer than I usually use, and it took me years of hard work to get this pompous
[13:07] {Threei} mags
[13:07] {dino} pnra l sm .40 on gap fill
[13:07] {Threei} may want to entertain short RIMM
[13:07] {Threei} resistance 77
[13:08] {Threei} see if it establishes little range
[13:08] {dino} bwld sm l .80
[13:08] {Threei} bounced into 77 on lower volume, feels right for short
[13:14] {Threei} GS
[13:14] {Threei} WILL REPORTEDLY NOT NEED CAPITAL AFTER STRESS TEST RESULTS ARE RELEASED
[13:14] {Threei} - Earlier a Citigroup analyst noted that GS and STT were going to perform the best in stress tests
[13:21] {Threei} HIG again
[13:21] {Threei} MS REPORTEDLY WILL NOT REQUIRE ADDITIONAL CAPITAL AFTER STRESS TEST RESULTS DUE TO CAPITAL BUFFER
[13:23] {Threei} didn't think that HIG consolidation was worth the risk
[13:23] {Threei} grrr
[13:34] {magoo} C C
[13:36] {Threei} C
[13:36] {Threei} WILL REPORTEDLY NEED $5B IN CAPITAL AFTER STRESS TEST; INCORPORATING PREVIOUSLY ANNOUNCED STOCK CONVERSION PLAN - UNCONFIRMED REPORT
[13:36] {Threei} - prior reports from earlier this week noted that Citigroup would need to raise an additional $10B in new funding
[13:36] {Threei} all these flying rumors
[13:37] {Threei} duirect result of whole mess with these idiotic tests
[13:42] {vinod} good afternoon. been busy lately
[13:42] {Threei} MET
[13:42] {Threei} WILL REPORTEDLY NOT NEED ADDITIONAL CAPITAL AFTER STRESS TEST - UNCONFIRMED REPORT
[13:42] {Threei} hi vinod
[13:42] {vinod} lots of problem with sever I am managing
[13:43] {larisa} are we interested in LVS bottom ?
[13:43] {Threei} one more quick dive, and yes
[13:44] {Threei} to or under .50
[13:52] {larisa} you always want one more, greedy :)
[13:53] {Threei} yeah... sorry
[13:53] {larisa} np, i scalped it .60-.75
[13:54] {Threei} didn't look convincing to me
[13:54] {larisa} I was thinking temp bottom too
[13:55] {Threei} STT... what a move of that news
[13:57] {nemo} looks like the rally is confirmed. Banks have been blessed volumes are up
[13:57] {Threei} huh?
[13:57] {Threei} this bank rally comes to an end, IMO
[13:58] {Threei} stress test results is what this rally leads up to, with dump after
[13:58] {nemo} that's what we smart guys (and gals) expect
[14:01] {vinod} look like i haven't miss anything?
[14:01] {Threei} WFC... if this continues, magoo will buy 26 break
[14:06] {Threei} C and BAC are the storngest
[14:06] {Threei} WHITE HOUSE PRESS SEC REITERATING CONFIDENCE THAT CHRYSLER BANKRUPTCY CAN BE 'QUICK AND ORDERLY'
[14:08] {Threei} HIG consolidates again
[14:09] {Threei} C
[14:09] {Threei} if you are in the mood to try pullback
[14:09] {Threei} around .80 - .85
[14:09] {magoo} dammit
[14:12] {Threei} C
[14:12] {Threei} TO HOLD CONFERENCE CALL THURSDAY AT 6PMET TO DISCUSS STRESS TEST RESULTS
[14:13] {Threei} BAC
[14:13] {Threei} HAS NOT BEEN ASKED TO RAISE CAPITAL
[14:14] {nemo} they bought Countrywide at gunpoint so they'll get the kiss behind the ear from the gubmint
[14:14] {Threei} I'd assume that's good, but good and bad seem to lose any meaning lately
[14:18] {vinod} Why to rock the boat market doing good delay stress test
[14:18] {Threei} trap is ready to shut
[14:18] {Threei} publish half-decent looking result, public happily buys in
[14:19] {Threei} dump in their lap all accumulated over last couple month
[14:19] {Threei} and start the cycle anew
[14:19] {Threei} rinse and repeat
[14:21] {jfjf64} hig
[14:21] {Threei} who took C at the level I indicated, take scalp or sell half here
[14:21] {dptl} so Magoo is in wfc?
[14:23] {vinod} I took WFC at 26.00 as vad said
[14:23] {Threei} partial out here
[14:23] {Threei} or just take scalp and be happy
[14:23] {vinod} out at 26.25
[14:23] {Threei} this starts looking a bit hysterical
[14:23] {vinod} wow! it is going
[14:23] {Threei} can change on a dime
[14:24] {Threei} FITB... I winder if ese is still in
[14:24] {Threei} wonder too
[14:24] {vinod} my frist trade in two days
[14:25] {chinggis} out C +.06 ty
[14:25] {Threei} good to see it's a win
[14:27] {chinggis} C in .88 , out .94
[14:29] {Threei} a little high... but trends are forgiving
[14:30] {ese} Hi all.....coming to you from the music room at Victoria High school
[14:30] {dino} es
[14:31] {Threei} 14:24] {Threei} FITB... I wonder if ese is still in
[14:31] {larisa} sell your FITB and retire, ese :)
[14:31] {ese} out FITB .21 +.31
[14:31] {chinggis} gj ese
[14:31] {Threei} 20K littlebuggers?
[14:31] {dino} bwld stop to .09
[14:31] {vinod} FAZ going to be at 3?
[14:32] {Threei} today?
[14:32] {Threei} or eventually?
[14:32] {ese} no just 15k vad.....being a little more cautious with it
[14:32] {vinod} eventually
[14:32] {ese} it's made a nice move
[14:33] {dino} out bwld +.29
[14:33] {Threei} eventually I can't see how it can avoid being zero
[14:33] {vinod} reverse split
[14:33] {ese} how does that work.......
[14:33] {dino} mygn to flat
[14:33] {nemo} cut back on the number of shares
[14:34] {nemo} instead of giving 2 for every 1, you cut them in half
[14:34] {Threei} I don't know how reverse split can work on ETF
[14:34] {nemo} whatever ratio you want to use
[14:34] {vinod} don't aks bank rober who to rob a bank
[14:34] {nemo} me neither
[14:34] {Threei} there are too many factors involved
[14:34] {Threei} nor, to say honestly, do I care to find out
[14:35] {dino} mygn stopped flat
[14:42] {dino} tree
[14:43] {Threei} nice pullback FITB
[14:43] {Threei} and BAC
[14:43] {ese} i'll say
[14:44] {ese} i missed the stress test report....what was the outcome
[14:45] {Threei} rumors only for now
[14:49] {jfjf64} bounce bac vad
[14:50] {dino} mygn l .25
[14:50] {jfjf64} needs to consilated correct
[14:51] {vinod} bank rally could fade, erasing the gains, as quickly as it started.
[14:51] {Threei} yes vinod, but only after it suckers in the, umm, suckers
[14:52] {magoo} last hour prediction vad?
[14:53] {Threei} up
[14:53] {nemo} 170
[14:54] {magoo} ty
[14:56] {ese} signing off everyone....see you tomorow
[14:56] {Threei} take care ese, congratulations
[14:56] {Threei} another fine day for you
[14:56] {ese} thank you
[14:56] {Threei} except little buggers will sue you soner or later
[14:56] {ese} thas what i'm afraid of
[14:57] {ese} see ya
[14:59] {Threei} US SENATE REPORTEDLY AIMING TO INCREASE FEDERAL RESERVE OVERSIGHT AUTHORITY
[14:59] {Threei} {XLF}
[14:59] {Threei} sh*t
[14:59] {Threei} pardon my french
[14:59] {nemo} merde
[15:10] {jfjf64} uso ??
[15:12] {Threei} chart is right for a break
[15:12] {Threei} but you know how volatile USO can be?
[15:12] {Threei} be very careful with it
[15:12] {jfjf64} up or down lol
[15:12] {dino} mygn stopped -.27
[15:12] {dino} bwld l .55
[15:12] {chinggis} PTEN chart looks like USO
[15:12] {dino} sm
[15:13] {chinggis} my bad, it was wrong
[15:13] {chinggis} i was looking at different chart
[15:19] {Threei} ABk
[15:19] {Threei} SEEKING $1B IN DAMAGES FROM JPM
[15:21] {Threei} watching WFC for fast selling
[15:22] {Threei} to enter for bounce
[15:24] {Threei} here it goes
[15:24] {Threei} one more sharp red bar please
[15:25] {Threei} BAC around 12.10 and WFC .40 - .50 is probale bounce zones
[15:25] {Threei} in WFC
[15:25] {Threei} .44, stop under .35
[15:26] {Threei} in BAC .15
[15:26] {Threei} out WFC .62
[15:26] {Threei} BAC stop under .10
[15:27] {magoo} out .69 TY
[15:27] {Threei} wtg
[15:27] {Threei} anyone else?
[15:27] {Threei} come on guys, easy play, and alerted well in advance
[15:27] {jfjf64} ty ty
[15:27] {larisa} I was waiting for 1 more bar:)
[15:27] {nemo} knife catcher Vad
[15:27] {Threei} lol
[15:28] {Threei} nah, not really
[15:28] {jfjf64} in .57 out .71
[15:28] {Threei} clean nice capitulation right into support
[15:28] {jfjf64} slipp on way out
[15:28] {Threei} .57?
[15:28] {Threei} wow
[15:28] {Threei} that's high
[15:29] {jfjf64} i know prints not good
[15:29] {Threei} out BACbe careful jf, on capitulatory selloff you don't have much room
[15:29] {Threei} umm
[15:29] {Threei} that was two sentences in one
[15:29] {Threei} let me try again
[15:30] {Threei} be careful jf, on capitulatory selloff you don't have much room
[15:30] {Threei} one
[15:30] {Threei} anotyher:
[15:30] {Threei} out BAC .25
[15:30] {jfjf64} nice
[15:34] {Threei} as always, I have zero patience for these plays
[15:34] {Threei} WFC was worth over 50 cents
[15:34] {Threei} BAC 20
[15:35] {jfjf64} hmm
[15:35] {dino} bwld stop to .72
[15:36] {dino} slipped ave .67, +.13
[15:37] {dino} holx to .18
[15:37] {dino} out +.08
[15:38] {vinod} bac in 0.15 out .30 late to report
[15:38] {dino} gpro l; .51
[15:38] {Threei} wtg vinod
[15:39] {Threei} not too bad for vene vidi vici style of trading
[15:39] {vinod} no wfc
[15:40] {vinod} can't use chart like you guy do
[15:40] {Threei} what's chart?
[15:42] {vinod} something like that
[15:42] {Threei} JPM
[15:42] {Threei} CONFIRMS TO HOLD INVESTOR CONFERENCE CALL TO DISCUSS RESULTS FROM SUPERVISORY CAPITAL ASSESSMENT PROGRAM
[15:46] {dino} out gpro .63, +.12
[15:46] {Threei} dino, stop it
[15:46] {Threei} you are encroaching on my teritory
[15:47] {Threei} you do your +.90 plays, I'll do my +.12
[15:48] {dino} fine!
[15:49] {wulff} night all
[15:49] {Threei} take care wulff
[15:49] {dino} cya wulf
[15:50] {fernp} good evening everybody, see u tomorrow
[15:50] {Threei} fern :)
[15:51] {dptl} have a good evening all
[15:51] {vinod} good evening and see you tomorrow
[15:51] {Threei} dp, vinod :)
[15:51] {Threei} am I staying here to turn the lights off??
[15:51] {jfjf64} enjoy
[15:51] {jfjf64} im with ya
[15:55] {Threei} okay guys, no slightest desire to push anything on last minutes
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {magoo} ty vad
[15:56] {larisa} later :)
[15:56] {jfjf64} later
