May 08 2009

Fair day with about average ration of wins to stops. Both long and short sides; aside of financials (HBAN was a hero) got also nice long on CAT and short on DRYS.

Session Time: Fri May 08 00:00:00 2009

[07:49] {nemo} fern :)

[07:50] {fernp} morning

[07:50] {nemo} yeah, amazing how that happens every day

[08:00] {magoo} morning

[08:01] {nemo} magus magnus :)

[08:02] {magoo} sounds roman?

[08:08] {nemo} latin

[08:08] {nemo} close

[08:12] {Threei}  WFC

[08:12] {Threei}  REPORTEDLY PRICES 272M SHARE OFFERING AT $22/SHR - UNCONFIRMED REPORT

[08:12] {Threei}  and good morning

[08:16] {vinod} GM to all

[08:16] {Threei}  vinod :)

[08:16] {patience} good morning RT  :)

[08:16] {Threei}  pastience :)

[08:18] {magoo} what did MS price at vad..is it released yet?

[08:19] {Threei}  07:54am [MS] Prices 146M shares at $24/shr (gross proceeds seen at $3.5B)

[08:23] {Threei}  premarket gamblers,

[08:23] {Threei}  if you feel the gap is excessive, FAZ .30 breakout is your play

[08:23] {Threei}  with stop under .15

[08:23] {magoo} do u feel it is??

[08:24] {Threei}  I don't know

[08:24] {Threei}  I feel sleepy

[08:24] {Threei}  I got meself a new camera and a very very thick manual... reading till late

[08:25] {magoo} weell drink some joe, take cold shower, kick your cat..ITS GO TIME :)

[08:25] {Threei}  well... premarket calls are always toss up

[08:26] {Threei}  let me put it this way:

[08:26] {Threei}  I don't want to do anything premarket today, but if I absolutely had to, cornered and with gun tio my head - it would be FAZ long

[08:27] {pita} 10k FAZ long is the call?

[08:27] {pita} gm all

[08:27] {Threei}  but, if I had slight suspicion that those are blanks in the gun and it's all bluff... I would risk it and refuse to play

[08:27] {Threei}  pita :)

[08:28] {Threei}  here is the problem:

[08:28] {Threei}  what we have now is that same trap I talked about yesterday

[08:28] {Threei}  and there is no way to know when it's getting shut

[08:29] {Threei}  could happen now, could right on open, could after another run up

[08:29] {Threei}  yesterday's pullback was quite severe and shook many out

[08:30] {Threei}  APR CHANGE IN NONFARM PAYROLLS: -539K V -600KE

[08:30] {Threei}  APR UNEMPLOYMENT RATE: 8.9% V 8.9%E

[08:30] {larisa} good morning

[08:30] {Threei}  *APR AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.2%E; AVERAGE WEEKLY HOURS: 33.2 V 33.2E

[08:30] {Threei}  larisa :)

[08:30] {larisa} vad :)

[08:31] {Threei}  CHANGE IN MANUFACTURING PAYROLLS: -149K V -155KE

[08:40] {magoo} in FAZ .26 boss

[08:41] {magoo} out .36 TY OY{its starting again lol}

[08:41] {Threei}  poor you

[08:41] {Threei}  lol

[08:42] {magoo} its tough pill to swallow..u are just so nice he he

[08:42] {Threei}  careful

[08:42] {Threei}  not many called me nice and lived to tell the tale

[08:42] {magoo} tundra again?

[08:50] {chinggis} gm all

[08:51] {nemo} futures still climbing

[08:54] {Threei}  chinggis :)

[09:00] {ese} good morning

[09:01] {Threei}  ese :)

[09:02] {ese} wow fitb 2 mornings in a row......bizzare gaps up...1.70 yesterday and 1.70 again.....if anyone was dumb enough to be in they've made alot of money

[09:02] {Threei}  Toyota posted biggest operative loss in its history exceeding GM's one

[09:02] {Threei}  anyone still wants to argue GM's problem was building wrong cars?

[09:02] {ese} funny vad....good one

[09:03] {Threei}  BAC drop

[09:03] {ese} fitb should follow

[09:04] {Threei}  not sure... BAC some fluke it seems

[09:04] {Threei}  FAS/FAZ is not confirming

[09:04] {dino} gm all

[09:04] {Threei}  dino :)

[09:04] {ese} fitb raised to outperform.....go figure

[09:04] {ese} dino

[09:05] {dino} i see c basically being nationalized w/conversion of preferred. i think govt will own over 50% of common

[09:05] {ese} will wait for technical bounce in fitb before playing seriously again.....am not really comfortable with thes big gaps....anything could happen

[09:08] {ese} drys cut

[09:12] {dptl} good morning all

[09:12] {Threei}  dp :)

[09:21] {ese} dp

[09:22] {nemo} great, beeping screwed up again

[09:25] {pita} whatcha watchin Vad?

[09:26] {Threei}  usual suspects

[09:26] {Threei}  FAS/FAZ. BAC, FITB, WFC

[09:28] {cosmo} ONNN

[09:29] {jfjf64} mornin my trading buddies

[09:30] {Threei}  jf :)

[09:32] {magoo} COF vad

[09:32] {Threei} Long Setup:  BAC  .43 if holding above .30

[09:33] {dptl} in

[09:33] {nemo} missed

[09:34] {nemo} back in

[09:34] {Threei} Long Setup:  FAS  .16

[09:35] {dptl} stopped bac

[09:35] {magoo} yup

[09:36] {fernp} DELL Vad

[09:38] {Threei} Long Setup:  FAS  .75

[09:38] {Threei}  stop .65

[09:38] {vinod} Offering $11Billion in shares to raise capital. At $8.79 a unit.

[09:38] {magoo} ion .71

[09:38] {vinod} BAC is 

[09:38] {dptl} in fas

[09:39] {dptl} half out

[09:39] {Threei}  something's strange with that news vinod

[09:39] {magoo} out .88 fas..ty vad

[09:40] {Threei}  out FAS in full here

[09:40] {Threei}  +.30

[09:41] {jfjf64} yesssss  +.30

[09:41] {Threei}  sheesh BAC

[09:41] {Threei}  I am telling you, that was fake news

[09:41] {dptl} all out .95 .05 ty

[09:42] {Threei}  that trade should have worked as it does now - that fake or erroenous news releasecaused shakeout

[09:42] {vinod} out fas 11.25

[09:42] {Threei}  wtg vinod

[09:42] {Threei}  50 cents?

[09:43] {vinod} got in 10.90

[09:43] {Threei}  wow... a lot of chasing from the trigger

[09:43] {nemo} Vinod's gonna' give Mags a run for his money

[09:43] {Threei}  careful... 15 cents difference on entry can make all the difference in day trading

[09:43] {jfjf64} need little vodka in  oj

[09:44] {pita} couldn't get out BAC; couldn't get in FAS

[09:44] {nemo} same for me pita

[09:44] {vinod} they moving to fast for me

[09:44] {Threei}  what do you mean?

[09:44] {Threei}  couldn't get out or in?

[09:44] {nemo} blew through stop in BAC

[09:44] {nemo} trying to manage that fas blew above entry

[09:45] {pita} wouldn't chase fas; couldn't get bac sold  -.30 bac

[09:45] {pita} shoulda done mkt on BAC?

[09:45] {Threei}  no, no market

[09:45] {Threei}  but a few cents beyond market did the trick

[09:45] {nemo} pita...let's go drinking

[09:46] {pita} now?  I'm ready nemo

[09:46] {vinod} it is friday nemo--liquide lunch is good 

[09:46] {magoo} in to drinking lol

[09:46] {nemo} works for me..liquid late breakfast

[09:46] {Threei}  FITB non-stop

[09:47] {nemo} RIMM too

[09:47] {dino} 4:00 guys, hang in there

[09:47] {nemo} well, if there's a trap should know soon

[09:47] {magoo} i could stop every one of those f'ers

[09:47] {nemo} be right back...going for the Cape Codder

[09:47] {ese} i'll vad

[09:47] {ese} i'll say

[09:48] {dino} holx stopped .35, +.10

[09:49] {pita} runup FITB makes no sense to me

[09:50] {nemo} wow wfc went up $2 since premarket

[09:51] {vinod} BOSTON (MarketWatch) -- Bank of America Corp. (BAC:bank of america corporation com

[09:51] {vinod} Friday said it plans to offer 1.25 billion shares of common stock at a proposed maximum offering price of $8.79 a share.

[09:52] {dino} apei drop

[09:54] {Threei}  HBAN pullback

[09:54] {dino} at 8s?

[09:54] {dino} f job

[09:54] {Threei}  let's see if we get 4.80 area

[09:55] {dino} enoc up

[09:56] {Threei}  press releaze on BAC pricing is very unclear

[09:57] {Threei}  that indication that 8.79 is pricing of offering is oversimplified

[09:57] {Threei}  and doesn't reflect what is happening

[09:57] {nemo} "maximum offering price"  doesn't say what the minimum will be or if there might be a private placement for .02 to Buffet

[09:58] {dino} lol

[09:58] {Threei}  there are underwriters for that offering

[09:58] {Threei}  it's not necessary open market offering

[10:00] {Threei}  MAR WHOLESALE INVENTORIES: -1.6% V -1.0%E

[10:00] {ese} vad question....been following intel INTC lately....what causes an opening like today for that stock.......market is up and it just tanks.....market makers want to buy cheap stock ..drive it dn to shake it out then drive it up??

[10:01] {ese} BRCM looks the same

[10:01] {Threei}  high opening is caused by pre-market and on the open bids, mostly submited by retail investors who trade on newspaper quotes

[10:02] {Threei}  amateurish hour

[10:02] {Threei}  pros happilyu sell into those bids

[10:02] {Threei}  no one left to buy - stock tanks

[10:02] {Threei}  normal trading starts in a while

[10:02] {ese} so whats happening now is basically a shake out

[10:02] {Threei}  no one knows for sure

[10:02] {Threei}  could be just a pullback

[10:03] {jfjf64} you sd write a book my man      lol

[10:03] {nemo} mags keep your eye on pru to short :)

[10:03] {Threei}  could be a top

[10:03] {wulff} how bout this RIMM 

[10:03] {Threei}  stocks like INTC do not trade in vacuum

[10:03] {Threei}  it's one of widely followed stocks

[10:03] {dino} gild sm s .00

[10:03] {Threei}  so to read it you need to read on the whole market and sector

[10:04] {dino} stop hod

[10:04] {Threei}  that wasn't much if pullback, HBAN

[10:04] {ese} tks

[10:04] {ese} trade what you see....

[10:05] {nemo} mags, missed triple top on pru

[10:06] {dino} me too nemo, big pru gap around 35-36

[10:08] {Threei}  BAC... this churning under .40 looks to me like waiting for market/FAS to reverse

[10:08] {Threei}  then BAC wants to squeeze badly, IMO

[10:09] {dino} ndx lod

[10:11] {nemo} aapl rimm charts same

[10:13] {dino} apei l sm .30

[10:14] {dino} gild bstop to b/e

[10:14] {dino} out apei .70, +.40

[10:14] {fernp} gj dino

[10:14] {dino} ty

[10:15] {Threei} Long Setup:  BAC  .20 break

[10:15] {nemo} no market help coming

[10:16] {Threei}  didn't trigger euither

[10:17] {dino} ndx gap fill, waiting for dji, s/p

[10:17] {nemo} wow, coulda' made the day on rimm already...sheesh

[10:21] {nemo} rimm held above yesterday's lows so far

[10:22] {ese} Long INTC .40 

[10:25] {vinod} i joined  intc 15.30

[10:25] {dino} lmnx

[10:25] {vinod} stop 15.20 only 500

[10:25] {dino} bagl

[10:25] {nemo} rimm breached yesterday's lows...elevator down

[10:25] {dino} bwld

[10:26] {dino} rimm wants 70 strike

[10:28] {ese} Out INTC stopped .28 -.12

[10:28] {ese} bit me in the ass again......

[10:28] {Threei} Long Setup:  CAT  .51 break if stays above .40

[10:29] {dino} cov gild .70, +.30

[10:32] {dptl} in cat

[10:32] {nemo} in

[10:33] {vinod} in

[10:33] {Threei}  intend to partial, not a scalp for me

[10:34] {nemo} out 1/2

[10:34] {vinod} out 0.63

[10:34] {dptl} half out .69

[10:34] {dino} txn l .88, stop .73

[10:34] {vinod} see you after 1.30

[10:34] {Threei}  half out .70

[10:34] {fernp} out ty

[10:35] {jfjf64} out ty

[10:35] {nemo} out

[10:35] {Threei}  welcome guys

[10:35] {dino} gild has nice range 44.55-45 fwiw

[10:35] {nemo} ty

[10:37] {dptl} stop for balance Vad?

[10:38] {nemo} .60?

06[10:38] * Threei slaps dptl around a bit with a large manual for routine procedure that says trail under breakeven afdter partial

[10:39] {dptl} lol ty

[10:39] {dino} lol

[10:39] {Threei}  reminding the routine for alzheimer traders:

[10:40] {Threei}  first partial, trail to breakeven

[10:40] {Threei}  if stock pulls back before hitting next target but doesn't stop you out,

[10:40] {Threei}  wait for new high and trail under the new support - bottom of last pullback

[10:42] {dptl} more out .75 ty

[10:42] {Threei}  traitor

[10:42] {dptl} left 100 shares to keep you company Vad :)

[10:43] {Threei}  small size traitor

[10:43] {dptl} roflol

[10:43] {Threei}  you can't win dp... when I am cranky, any comeback will only dig the hole deeper :)

[10:44] {Threei}  1/4 more out .80

[10:44] {dptl} offering .98

[10:44] {Threei}  now, let's see how lessons sink in... where is the stop for the last portion now?

[10:44] {nemo} dp, who are you, mags?

[10:44] {dptl} under .60

[10:45] {Threei}  why?

[10:45] {dptl} last support

[10:45] {Threei}  10:42 bar, bottomed out at .63

06[10:45] * Threei slaps dptl around a bit with a large door prize to be determined yet

[10:46] {dptl} hold on

[10:46] {dptl} oh ye .63 sorry

[10:46] {Threei}  no, that's correct

[10:46] {Threei}  a few cents of breathing room make sense

[10:46] {Threei}  and more or less whole number

[10:46] {Threei}  under .60 it is

[10:47] {nemo} not to mention the average support of the previous 7 bars looks to be about .60

[10:47] {Threei}  see, that's your problem nemo... YOU CAN COUNT!

[10:47] {Threei}  we can't, so we keep it simple and visual

[10:48] {nemo} no...I can see the bars 

[10:48] {nemo} over the previous 7 you have 1 touching 2 just above 2 a little more above and 2 about as far below as the 2 a little more above

[10:48] {Threei}  of course you can

[10:49] {Threei}  but you also can count them, and you abuse this ability

[10:49] {nemo} let me put my shoes and mittens on

[10:49] {Threei}  I can't count so I abuse dp

[10:49] {Threei}  or magoo

[10:49] {nemo} Yeah, right...probably do 3rd derivatives in your head

[10:50] {Threei}  word derivatives has more than 3 syllables so I don't know what it means

[10:50] {Threei}  done with CAT

[10:50] {dptl} out 

[10:50] {Threei}  market dropped fast

[10:50] {Threei}  CAT was on its merry way to give us 50 cents

[10:53] {nemo} cat shakeout

[10:55] {Threei}  yeah

[10:55] {Threei}  oh well

[10:57] {dino} wrld sm risky l .01 stop .71

[10:57] {Threei}  haha

[10:57] {Threei}  look at that

[10:57] {Threei}  DJ ) 05/08 10:36 DJ CORRECT: Bank of America Files To Sell 1.25B Cmn Shares

[10:57] {Threei}  (The headline, "BofA Plans To Sell 1.25B Cmn Shares At $8.79 Each }BAC,"

[10:57] {Threei}  published at 9:01 a.m. EDT and the story, "Bank of America Registers To Sell

[10:57] {Threei}  Up To $11B In Common Stock," at 9:17 a.m. incorrectly said the bank had

[10:57] {Threei}  decided on a price per share and a total price for the offering. A corrected

[10:57] {Threei}  version follows.)

[10:57] {Threei}  Bank of America Corp. (BAC) on Friday filed with the U.S. Securities and

[10:57] {Threei}  Exchange Commission to sell up to 1.25 billion shares of common stock from

[10:57] {Threei}  time to time.

[10:57] {Threei}  The Charlotte-based bank said it expects to use the net proceeds from the

[10:57] {Threei}  offering for general corporate purposes.

[10:57] {Threei}  Banc of America Securities LLC and Merrill Lynch & Co. were listed as the

[10:57] {Threei}  underwriters for the offering.

[10:57] {Threei}  was I right or was I right

[11:00] {dino} nobody will ever admit that vad

[11:00] {nemo} It's alright...Vad will tell everybody

[11:04] {Threei}  yup... you both are right

[11:04] {Threei}  I am big on "told ya so"

[11:04] {Threei}  very annoying, I know, but being annoying is my trademark

[11:04] {dino} txn to .99

[11:04] {dino} to .02

[11:08] {dino} hott sm l .72

[11:08] {dino} txn to .08

[11:09] {Threei}  US SENATOR BACCHUS: MUST ENGAGE MORE AGGRESSIVELY ON FX WITH CHINA

[11:09] {Threei} Long Setup:  HBAN  5.20 break

[11:10] {Threei}  stop for hardcore scalpers under 5.14

[11:10] {Threei}  5.15

[11:10] {Threei}  for just scalpers under 5.10

[11:10] {dino} out txn .11, +.23

[11:16] {Threei} Long Setup:  DRYS  .46

[11:16] {Threei}  stop under .40

[11:16] {dptl} in drys

[11:16] {nemo} in

[11:17] {dino} lmnx l .20, stop .09

[11:17] {Threei}  WFC COMPANY NOTES $7.5B STOCK OFFERING WAS 'OVERSUBSCRIBED'

[11:17] {nemo} think they're telling the truth

[11:17] {fernp} in drys

[11:18] {dptl} in hban

[11:18] {fernp} and in hban

[11:18] {Threei}  DRYS 1:1 for hardcore scalpers

[11:19] {fernp} out ty

[11:19] {Threei}  (pesky creatures)

[11:19] {jfjf64} ty

[11:19] {Threei}  US REP FRANK: EXPECTING CONGRESS TO SOON PROVIDE AUTHORITY TO SEC TO REGULATE HEDGE FUNDS

[11:19] {nemo} out drys ty

[11:20] {Threei}  lol

[11:20] {Threei}  full room of pesky creatures

[11:20] {wulff} crazy FIFB

[11:20] {nemo} lunch time on Friday

[11:26] {dino} out lmnx .30, +.10

[11:27] {dptl} ty drys 

[11:27] {dino} too soon

[11:27] {nemo} sure doesn't feel like the market is up

[11:28] {Threei}  which market?

[11:28] {Threei}  NQ is red

[11:28] {nemo} any of them

[11:28] {nemo} just went red then

[11:28] {dptl} out hban +.02 ty  (ever pesky :))

[11:28] {Threei}  DJI is green but it wqent down ever since opening

[11:28] {Threei}  it's all in the gap

[11:29] {nemo} I'll leave that one alone

[11:29] {Threei}  yeah

[11:29] {Threei}  from day trader's point of view, market is down

[11:29] {magoo} fitb took 8

[11:29] {nemo} yeah my god

[11:31] {Threei}  HBAN over 1:1 for pesky ones

[11:31] {Threei}  (dp was superpesky)

[11:31] {fernp} out ty

[11:32] {dino} apei new lows

[11:32] {Threei}  HBAN 1:1 for just scalpers

[11:32] {dino} josb lod

[11:33] {chinggis} out HBAN .32 ty vad

[11:33] {Threei}  wqelcome

[11:34] {Threei}  ese kind of trade

[11:34] {Threei}  for many littgle buggers

[11:34] {jfjf64} lk ese fitb

[11:34] {ese} nice one chingis

[11:35] {chinggis} ty

[11:35] {magoo} WFC

[11:35] {dino} out wrld .81 -.20 entry sucked

[11:37] {dino} bwld getting interesting rough;y -7 in 3 days

[11:37] {dino} same pnra

[11:40] {Threei}  US) PRESIDENT OBAMA: TODAY'S JOBS DATA IS ENCOURAGING, BUT SOBERING; WE SHOULD EXPECT FURTHER JOB LOSSES

[11:48] {dino} bwld sm l .60

[11:49] {dino} wrld rinsed

[11:50] {Threei}  FITB is from parallel universe I think

[11:50] {nemo} right at resistane from January

[11:50] {nemo} resistance

[11:50] {nemo} rezistanz

[11:52] {dino} ralllly

[11:52] {nemo} don't let Larisa hear you

[11:53] {larisa} do not worry, i am deaf

[11:55] {dino} vrsn

[11:56] {nemo} they report toay Dino?

[11:56] {Threei}  anyone still holding any of HBAN or everyone is ut?

[11:57] {jfjf64} ut

[11:57] {larisa} lol

[11:57] {Threei}  sigh

[11:57] {Threei}  you try to type with your knees

[11:57] {dino} this morning, big beat vrsn

[11:58] {nemo} I was looking at the hourly on bwld still scary

[11:58] {Threei}  no appreciation whatsoever... I am going back to old way, typing with my elbows

[11:58] {dino} thinking the same

[11:59] {nemo} I'm sorry Dino

[11:59] {dino} nemo, scared trading never wins, pull the trigger and keep you stop, whats to worry about

[11:59] {Threei}  ummm... global warming?

[12:00] {nemo} hungry people in Zimbabwe?

[12:00] {Threei}  there you go

[12:00] {nemo} ahh...Rhodesia

[12:01] {dino} let the politicians worry about that

[12:01] {nemo} believe me, farthest thing from my mind...got some great Rhodesia stories though

[12:02] {dino} for daytraders i think you guys think too much

[12:02] {nemo} Yeah, what's worse, trained in philosophy

[12:02] {Threei}  that's a first time I've been accused of thinking too much

[12:02] {ese} fitb is just stunning today

[12:02] {Threei}  or thinking at all for that matter

[12:03] {dino} tnemo, that explains alot

[12:03] {nemo} the lobotomy had something to do with it too

[12:04] {Threei}  but I do like to worry about global warming... as a matter of fact, I set aside 12 seconds every year for that purpose alone

[12:04] {dino} finance degree here, but obviously the textbooks were all wrong (efficient markets my azz)

[12:04] {Threei}  S&P AFFIRMS RATINGS ON GMAC IN LIGHT OF STRESS TEST RESULTS

[12:04] {Threei}  they really taight efficient market bs dino?

[12:05] {Threei}  taught

[12:05] {nemo} absolutely.  CAPM Black Scholes etc.,

[12:05] {dino} yes in the 80s that was the big thing, along w/p.e.'s

[12:06] {dino} by the 90s w/internet craze, none of it mattered

[12:06] {jfjf64} fitb wow

[12:06] {dino} lmnx l .20 again

[12:06] {Threei}  HBAN tries to follow

[12:07] {magoo} bacon BIG move

[12:07] {Threei}  I have last 1K of HBAN left... want to try and see if it can break through .50

[12:08] {Threei}  good buy

[12:08] {Threei}  out .54

[12:08] {Threei}  that was +.33 on last piece

[12:08] {jfjf64} hban

[12:10] {dino} gj 3i

[12:10] {Threei}  ty

[12:12] {chinggis} Vad how did u know it would go higher? is it upper BB room or volume spike around 11:31p.m ?

[12:12] {Threei}  I didn't

[12:12] {chinggis} i mean HBAN

[12:12] {Threei}  it was pure risk management issue,

[12:12] {Threei}  I took relatively large position

[12:12] {dino} ctct

[12:12] {Threei}  and partialled out twice

[12:12] {Threei}  last 1K was kind of on the house already

[12:13] {chinggis} i c , ty

[12:13] {Threei}  and seeing how stubbornly FITB crawled uop and up

[12:13] {Threei}  and I decided to give HBAN a chance

[12:13] {Threei}  they are from the same sandbox

[12:14] {dino} if i may say guys, you must remember "nobody knows" what a trade will do. think anything can happen, expect to lose and control the risk

[12:14] {chinggis} ok ty

[12:14] {jfjf64} nicely  said  dino    

[12:14] {Threei}  this is the concept my next course will be starting with

[12:15] {dino} "your edge" is the only thing that separates you from tossing a coin

[12:15] {Threei}  working title:

[12:15] {Threei}  Tao Te Ching for Traders

[12:15] {dino} thx jf

[12:15] {Threei}  and your risk control is the only thing that separates you from drunken grambler

[12:16] {dino} right

[12:16] {nemo} sob RIMM hopped over my .80 orer

[12:16] {nemo} order

[12:16] {dino} i expect 4+ stops a day, get over it

[12:17] {dino} bwld to .79

[12:18] {Threei}  what, no one is inetersted in Tao Te Ching?

[12:18] {Threei}  fine, won't give you a sneak preview

[12:18] {nemo} what is it

[12:18] {dino} more interested in a brew

06[12:18] * Threei slaps nemo around a bit with a large ancient manuscript

[12:19] {nemo} I had forseen that

[12:19] {jfjf64} fitb   pull bk

[12:23] {dino} out bwld .80, +.20

[12:26] {Threei}  next one trying to recover: SLM

[12:26] {Threei}  forms C&H

[12:27] {Threei}  lunch time is not the best for this kind

[12:27] {Threei}  .45 break with .35 stop if you likey

[12:27] {Threei}  Prez on TV - second time today

[12:28] {ese} coming to you live from  "www dot ESEPASSINGTHEBUCK dot com"  take over from here all...i'll catch you on monday...have a show with my R&B choir in 1 1/2 hrs....c ya

[12:28] {Threei}  take care ese, have a good one

[12:28] {ese} you too vad

[12:29] {nemo} break a leg ese

[12:29] {Threei}  FAS is coiming into bounce zone

[12:30] {Threei}  one more leg down most likely

[12:30] {Threei}  to .50 - .55 zone

[12:30] {Threei}  for scalpers only

[12:30] {Threei}  US TREASURY SEC' GEITHNER: GOVT WILL PROVIDE SUBSTANTIAL SUPPORT FOR GMAC; WILL LIKELY NEED MORE CAPITAL;

[12:31] {dino} lmnx stop to .25

[12:33] {dino} to .28 scalpers friday

[12:35] {dino} to .30

[12:35] {dino} out .305, +.105

[12:42] {nemo} url says it all:  http://www.fundmymutualfund.com/2009/05/minaynville-subprime-lending-is-back.html

[12:43] {dino} bagl l .63

[12:43] {dino} hott stop to .83

[12:45] {dino} read that earlier, re-inflate it boys

[12:46] {nemo} just another bubble

[12:46] {dino} out hott .84, +.12

[12:48] {dino} gary north way back; salvation through inflation

[12:48] {dino} he was just 20 years ahead

[12:56] {dino} bagl stop to .59

[13:00] {Threei}  FED'S LACKER: GROWTH COULD RESUME THIS YEAR; RECESSION IS EASING

[13:00] {Threei} Long Setup:  BAC  .20 break

[13:02] {dptl} .10 stop?

[13:02] {Threei}  depends on where it bottoms before the break

[13:02] {Threei}  ifsets up from here, 15 can be used as support

[13:02] {dptl} ok ty

[13:02] {Threei}  for hardcore scalpers

[13:06] {dptl} in

[13:06] {nemo} in

[13:07] {dino} bagl stop to .61, back in 30 or so

[13:08] {dptl} stopped

[13:08] {nemo} stopped

[13:08] {fernp} sttoped

[13:13] {dptl} ok...got to leave early again..ty ,and.....have a good weekend all 

[13:13] {larisa} bye dp

[13:13] {dptl} :)

[13:14] {Threei}  have a good one dp

[13:14] {magoo} have good weekend dp

[13:28] {chinggis} MTG pullback tradable vad?

[13:29] {Threei}  with FAS bounce I'd think

[13:29] {chinggis} ok ty

[13:32] {dino} .

[13:34] {magoo} we in anything vad..was busy sleeping

[13:36] {dino} undecided...

[13:36] {larisa} he is busy doing the same :)

[13:37] {dino} getting a haircut?

[13:38] {Threei}  sigh

[13:39] {dino} thats where i was

[13:39] {dino} and the liqour store

[13:39] {dino} got invited for happy hour along the way

[13:39] {jfjf64} nice dino

[13:40] {dino} :)

[13:40] {larisa} i want to have what STT is having.. shaken, not stirred

[13:41] {Threei}  42.45 is yesterday's high

[13:42] {dino} mygn

[13:44] {Threei} Short Setup: DRYS  8.20

[13:45] {larisa} I paper shorted STT on first fail of 42.40, could not make myself to do real one. paper covered at 42.15 :)

[13:46] {Threei}  nice paperprofit

[13:46] {Threei}  DRYS 1:1

[13:46] {jfjf64} charles  wont  let  me  short   crazyyy

[13:47] {Threei}  out in full DRYS

[13:47] {chinggis} out DRYS yearly

[13:47] {chinggis} early

[13:48] {chinggis} ty Vad

[13:50] {dino} gj

[13:51] {jfjf64} gj   need to  switch brokers   this schwab is  pure  shittttttt

[13:52] {dino} watching apei, josb, mygn

[13:52] {Threei}  what's the problem... wait for laserdave to come in, slap him with a trout and demand to take care of your needs

[13:53] {Threei}  or send him e-mail

[13:53] {Threei}  better yet call him... around 5 am

[13:53] {Threei}  he loves it

[13:53] {jfjf64} lol

[13:53] {Threei}  if he sounds especially sleepy, tell him I asked you to call at that time

[13:54] {jfjf64} sd i call ya  sat mornin   5 am    you  cd  conferance  us  

[13:54] {Threei}  and don't forget to tell me what he said, I will enjoy the memory for months

[13:54] {jfjf64} lol

[13:54] {Threei}  that is dangerous idea

[13:55] {Threei}  people calling me at that time have been known to disappear

[13:55] {nemo} frickin' FSB guy

[13:55] {dino} ?

[13:56] {Threei}  lol... dino, it must be tough to rack dialong wak,ing up fdor each 4th line only

[13:56] {Threei}  track

[13:56] {Threei}  gosh... how can one person make so many errors in one line

[13:57] {Threei}  maybe I need to give up the concept of typing with my eyes closed

[13:57] {dino} i'm a busy guy

[13:58] {dino} josb lod wants 35s imo

[14:02] {dino} ibkc

[14:03] {dino} too late

[14:03] {dino} sm l josb .60 stop .34

[14:07] {dino} stopped -.26

[14:11] {chinggis} KEG?

[14:12] {Threei}  hard to tell

[14:12] {dino} rinse

[14:12] {Threei}  also, I am too busy crying over early exit on DRYS

[14:12] {chinggis} ok

[14:15] {dino} holx l .13

[14:16] {nemo} stop dino

[14:17] {dino} .04

[14:18] {nemo} why .04

[14:19] {dino} 1k, .09 stop

[14:19] {dino} all i want is 10 cents

[14:19] {nemo} yeah lod is .10

[14:20] {dino} if it gets to .25, i'll hard stop .23 and let it trade

[14:20] {chinggis} SGY?

[14:20] {nemo} beautiful bottom

[14:24] {dino} ok, nemo, now simply because it's friday (especially p.m.) trail to break even +commission

[14:24] {nemo} o.k.

[14:24] {nemo} Vad can you figure that out for me

[14:29] {Threei}  hmm?

[14:30] {nemo} damn watching holx missed rimm short

[14:31] {dino} .20 is a wall

[14:31] {nemo} yeah might take the scalp

[14:31] {nemo} drys bottom va

[14:32] {dino} hard stop it and move on

[14:32] {dino} to .17

[14:35] {dino} to .20

[14:37] {dino} to .23 as planned

[14:41] {dino} out holx .23 +.10

[14:41] {nemo} ty dino

[14:43] {dino} np

[14:44] {dino} fridays are scalp days for me nemo

[14:44] {dino} protection mode

[14:44] {nemo} you would expect a sell off so we'll probably go over 200

[14:45] {dino} well, i just mean fridays in general, especially w/summer approaching

[14:45] {dino} friday afternoons get thin

[14:46] {dino} so protect the weeks' work

[14:46] {nemo} ty

[14:54] {dino} gmcr

[14:54] {dino} +7

[15:02] {Threei}  WHITE HOUSE PRESS SECRETARY: ADMINISTRATION HAS NOT YET FULLY EVALUATED BANK STRESS TEST PLANS

[15:02] {Threei}  - Note: Banks requiring capital have until June 8th, 2009 under the SCAP to develop detailed capital plans for Govt approval.; have until Nov 9th to implement approved capital plans{XLF}

[15:03] {jfjf64} what  the  chart  sayin  with  fitb   boss

[15:04] {Threei}  coin toss

[15:07] {larisa} see you monday, weather is too good to stare at numbers :)

[15:07] {Threei}  have a great wekend larisa

[15:11] {dino} cya larisa

[15:11] {jfjf64} by larissssa

[15:11] {Threei}  {larisa} vad, do me a favor... when dino wakes up and say bye to me, tell him I am not here anymore

[15:12] {dino} lol

[15:18] {vinod} have a nice weekend see you monday

[15:18] {Threei}  you too vinod

[15:18] {dino} cya vin

[15:18] {Threei}  market is locked into narow range for hours

[15:19] {jfjf64} ya feel somethin  to  gv

[15:19] {dino} going down to flat for gap fill

[15:23] {dino} sm risky s pru .20

[15:29] {dino} stop is ,51

[15:31] {dino} stopped

[15:32] {dino} wrld

[15:32] {dino} 10 pts 5 days

[15:34] {chinggis} very gj

[15:37] {dino} t l .15, stop lod

[15:37] {dino} .04 make it

[15:38] {dino} \wfc buy side

[15:40] {nemo} DryShips (DRYS) just announced a dilutive offering of quite magnificent size, about 40% dilution - with the company only down 15% that is a sign of approval. Again it makes the CEO's commentary A WEEK AGO [May 1, 2009: DryShips CEO: Dry Bulk Sector Oversold] about being ready to pounce on acquisitions (with the money they didn't have) even more bemusing but this market will lap up anything as "half full". Oh George, he is quite the characte

[15:40] {nemo}     * Greek dry bulk carrier DryShips Inc (DRYS) said it would offer common stock, its third such offering since November, and hopes to raise up to $475 million in an at-the-market offering.

[15:40] {nemo}     * DryShips, which had earlier raised $500 million in a similar offering announced in January, disclosed its latest offering in a filing with U.S. Securities and Exchange Commission.

[15:40] {nemo}     * Oppenheimer analyst Scott Burk downgraded the stock to "perform" from "outperform" and suspended the company's price target citing near-term weakness on this offering. "This is the company's third ATM offering since November, which has increased the share count from 43 million to 185 million currently," Burk said.

[15:40] {Threei}  when was it?

[15:41] {Threei}  I don't see fresh news on DRYS

[15:41] {nemo} got it off fundmymutualfund.com

[15:42] {nemo} http://www.reuters.com/article/marketsNews/idINBNG38163320090508?rpc=44

[15:42] {Threei}  I don't believe this is fresh news

[15:42] {Threei}  careful

[15:42] {Threei}  may get someone to short on this kind

[15:42] {dino} maybe it's dry news

[15:46] {dino} wrld risky sm l .40 forgot it

[15:47] {Threei}  that article was posted on reuters at 11:21am ED, nemo

[15:47] {Threei}  and wasn't fresh even then

[15:48] {dino} t to .18

[15:48] {nemo} how old do you think it was

[15:48] {dino} out t +.03 stuck

[15:48] {Threei}  I don't know, gotta track it... what's the point

[15:48] {dino} wrld to flat

[15:48] {Threei}  point is, be careful with all those posts

[15:49] {Threei}  there is fresh news from real time news supply

[15:49] {Threei}  and there are all those rehashes

[15:49] {nemo} Was just for information, not expecting the stocks to move

[15:49] {dino} to .55

[15:50] {Threei}  you notice if I post something from before I make sure to include time stamp?

[15:50] {nemo} o.k.

[15:50] {dino} to .560

[15:50] {Threei}  that's specificvally to prfevent someone from thinking this ios fresh news, just hit and likely to caise reaction

[15:51] {dino} to .65

[15:51] {dino} out +.25 on forgotten order, lol

[15:52] {Threei}  lol

[15:52] {Threei}  okay guys

[15:52] {Threei}  not spectacular but fair day

[15:52] {Threei}  thank you all, let's have a great relaxing weekend

[15:53] {jfjf64} ty  enjoy

[15:53] {Threei}  see you on Monday

[15:53] {fernp} Have a great weeekend all. see u on monday

[15:53] {dino} ty all, good day, v. good week. appreciate the ideas

[15:54] {chinggis} ty.. have good day all