That was one boring and narrow day, ending boring and laborous week.

Session Time: Fri May 01 00:00:00 2009

[08:00] {Threei} DRYS

[08:00] {Threei} TOTAL CONTRACTED REVENUE BACKLOG OF $2.3B - PRESENTATION SLIDES

[08:00] {Threei} - Total 2009-2011 Rev from long-term time charters $1.1B

[08:00] {Threei} - Investment Thesis includes: Oil prices will rebound; Resilient growth trend in China & India; Dry bulk commodity demand set to grow once recession abates; EPS Impact of drillship opportunities; Shipping stocks oversold; Leading consolidator distressed opportunities; Strong Management with long track record in Shipping, Ultra Deep Water Drilling & Capital markets

[08:00] {Threei} - 2009 Fixed EBITDA Estimates $572M

[08:00] {Threei} - 2010 Fixed EBITDA Estimates $597M

[08:00] {Threei} - 2011 Fixed EBITDA Estimates $568M

[08:02] {magoo} morning

[08:02] {Threei} magoo :)

[08:04] {nemo} magus :)

[08:05] {dptl} good morning all

[08:05] {Threei} dp :)

[08:05] {nemo} that gap in DRYS could be fun today

[08:11] {magoo} MA down on decent report

[08:13] {magoo} well.beat analysts

[08:13] {magoo} niot great after reading

[08:13] {Threei} wow

[08:13] {Threei} you actrually read those?

[08:14] {magoo} u impressed

[08:14] {Threei} anyone sees anything on PALM?

[08:14] {Threei} I am mags... very

[08:14] {nemo} also, with so many credit card holders high debt levels and credit card banks cutting back credit, there may be a limited transaction upside. More debit cards, less credit cards

[08:14] {nemo} New Palm unit coming out

[08:17] {Threei} NY TIMES: US SENATE DEFEATS PROPOSAL THAT WOULD HAVE ALLOWED HOMEOWNERS GREATER FLEXIBILITY TO RENEGOTIATE TERMS OF MORTGAGES

[08:17] {Threei} - Article noted that the mortgage provision garnered only 45 votes in the Senate, falling well short of the 60 votes necessary to break a threatened filibuster to a measure sponsored by Senator Richard Durbin, Democrat of Illinois, that would give bankruptcy judges greater flexibility to modify mortgages.

[08:18] {Threei} - Article noted that in recent weeks, major banks and bank trade associations worked closely with Senate Republicans to stop the measure. Twelve Democrats joined all the Republicans in voting against it.

[08:18] {Threei} interesting dissent

[08:18] {nemo} It

[08:18] {nemo} It's a huge threat to sanctity of contract

[08:28] {vinod} good mornng to all

[08:28] {Threei} vinod :)

[08:29] {nemo} :)

[08:29] {nemo} we under martial law yet vinod?

[08:29] {vinod} you like the article?

[08:30] {nemo} Yeah...I have martial law discussions fairly regularly in my weekend job in regards to the 2nd Ammendment

[08:30] {vinod} got to go see you after 10.30 meeting

[08:31] {nemo} ?

[08:56] {ese} good morning......i think

[08:57] {nemo} don't think ese :)

[08:57] {Threei} ese :)

[08:57] {ese} lousy nights sleep

[08:59] {ese} drys...gap up

[09:04] {Threei} quiet opening

[09:04] {Threei} so far at least

[09:07] {ese} seems like it

[09:08] {cosmo} give it another 20 min. sheesh

[09:09] {cosmo} HGSI

[09:10] {Threei} SQNM worth keeping eye on

[09:11] {Threei} 3.94 yesterday's high

[09:11] {fernp} hello everybody

[09:11] {Threei} fern :)

[09:11] {nemo} :)

[09:13] {dino} gm all

[09:13] {Threei} dino :)

[09:13] {nemo} dino :)

[09:15] {ese} dino

[09:15] {dino} not much so far, but will watch pnra for gap fill 55.40s, mgln-4 yesterdays, as well as mant -6.50 and itri -5.50

[09:18] {jfjf64} good mornin all

[09:18] {Threei} jf :)

[09:18] {larisa} good morning :)

[09:18] {Threei} larisa :)

[09:21] {Threei} F yest high is 5.99,

[09:21] {Threei} gapped over that, now pulled back right into it

[09:22] {Threei} with market strength, 6 break is interesting, just want it to stay under it for a few

[09:24] {cosmo} SQNM 3.87 high so far

[09:27] {dptl} you in f?

[09:27] {Threei} no

[09:28] {dptl} i got .02

[09:31] {Threei} Long Setup: DRYS .20 if holding above .10

[09:31] {nemo} day has a weird feel to it

[09:34] {nemo} drys respectiong that trend line so far

[09:35] {jfjf64} drys valid

[09:35] {Threei} FAZ

[09:36] {magoo} l GE .55

[09:37] {Threei} Long Setup: FAZ .50 break if holding .40

[09:37] {nemo} my quotes are screwed up

[09:38] {nemo} they're reversed in the LII

[09:38] {pita} gm all

[09:38] {Threei} pita :)

[09:39] {chinggis} gm all

[09:39] {Threei} chinggis :)

[09:39] {pita} miss anything? watching?

[09:39] {nemo} Khan :)

[09:40] {dino} esi blood

[09:41] {dino} mgln at uyesterdays lod

[09:42] {Threei} let's modify DRYS

[09:42] {Threei} .10 break

[09:42] {Threei} if holding 8

[09:43] {dptl} IN

[09:43] {nemo} missed

[09:43] {nemo} in

[09:43] {jfjf64} wher stop drys

[09:44] {Threei} [09:42] {Threei} if holding 8

[09:44] {nemo} you make me feel better jf

[09:48] {ese} vad do you have a screen that can catch stocks like BMRN a litle sooner

[09:49] {dino} sm l mgln .25

[09:50] {Threei} 9:40 is first alert on it

[09:50] {Threei} $13.35

[09:50] {ese} yes

[09:51] {ese} no real screen i guess.....just have to monitor it

[09:51] {Threei} before that I'd guess only pre-market would catch a gap

[09:51] {ese} tks

[09:52] {nemo} market catching a bid but not drys

[09:52] {wulff} financial pops

[09:52] {wulff} they're delicioius

[09:53] {Threei} no go DRYS

[09:53] {nemo} that hurt

[09:53] {dptl} ah..stopped -.14

[09:53] {nemo} -16

[09:54] {Threei} SQNM

[09:54] {dino} mgln stop to .55

[09:54] {ese} bmrn bull trap ...but should bounce

[09:55] {Threei} APRIL FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 65.1 V 61.9E

[09:55] {wulff} RIMM break for risk takers

[09:55] {dino} to .75

[09:55] {Threei} what the deuce

[09:56] {Threei} no news SQNM

[09:56] {ese} l bmrn .00

[09:56] {dino} v sm v wide esi l .25

[09:57] {dino} stewie

[09:57] {Threei} what was that?

[09:57] {Threei} got 3.95 fill

[09:57] {Threei} out 4.15

[09:57] {dino} mgln to .80

[09:58] {Threei} that long red tail was shake from hell

[09:58] {ese} stop .86 bmrn

[09:58] {dino} to .85

[09:59] {dino} out mgln .89, +.64

[10:00] {Threei} MAR FACTORY ORDERS: -0.9% V -0.6%E

[10:00] {Threei} APR ISM MANUFACTURING: 40.1 V 38.4E; PRICES PAID: 32 V 34.0E

[10:01] {ese} rats bmrn stopped .86 -.14

[10:02] {pita} DRYS again?

[10:03] {Threei} don't know

[10:03] {Threei} CAT

[10:03] {Threei} watching for pullback to .30

[10:04] {dino} cedc

[10:05] {nemo} there goes drys

[10:07] {dino} life sm l .00

[10:07] {ese} L hban .88

[10:09] {dino} mcd has been way underperforming

[10:09] {dino} mant

[10:10] {pita} stop HBAN ese?

[10:10] {dino} scor blood

[10:10] {ese} stop hban .80

[10:11] {Threei} Long Setup: CAT .30 break

[10:11] {Threei} if stays above .20

[10:12] {dptl} valid still ?

[10:13] {dino} life stop to b/e

[10:13] {dino} bgc

[10:13] {dino} tree

[10:13] {dino} bgfv

[10:13] {dptl} in cat

[10:14] {nemo} was it still valid?

[10:15] {dawg} .

Session Close: Fri May 01 10:15:53 2009

Session Start: Fri May 01 10:15:53 2009

Session Ident: #discussions

02[10:15] * Disconnected

02[10:17] * Attempting to rejoin channel #discussions

03[10:17] * Rejoined channel #discussions

[10:17] {ese} OK....I had it......I'm done for the day cannot judge the market today

06[10:18] * magoo slaps ese around a bit with a large trout

[10:18] {magoo} snap[ out of it man..WE NEED U

[10:18] {Threei} something's wrong with my connection

[10:18] {ese} tks......lousy nights sleep = poor judgement

[10:20] {dino} cya es

[10:20] {dino} get some zzzzzzzzzz

[10:20] {ese} oh...i'm just gonna watch...and listen...keep my mouth shut

[10:20] {pita} CAT inverted C&H

[10:21] {nemo} yep

[10:21] {Threei} quotes OK?

[10:21] {nemo} look so for me was having problems earlier

[10:21] {dino} sm risky s bgc .15

[10:21] {fernp} here, yes

[10:21] {Threei} my connection then

[10:22] {dptl} s....t stopped cat

[10:22] {dino} life stopped -.01

[10:22] {Threei} didn't it go to 1:1?

[10:22] {dptl} no

[10:22] {Threei} what the

[10:22] {Threei} I see it .40

[10:23] {ese} my quotes are now down also

[10:23] {Threei} at 10:15

[10:23] {nemo} It invalidated I thought

[10:23] {dptl} on chart yes but on level 2 no

[10:24] {fernp} 36.40 at 10:13

[10:24] {nemo} I saw prints of .17 and .18

[10:25] {pita} ditto nemo

[10:25] {nemo} yeah, so I thought it invalidated

[10:25] {nemo} pita, you take the short?

[10:26] {pita} no guts

[10:26] {magoo} long SPY .80p

[10:26] {magoo} 80

[10:26] {nemo} it was right there yelling at us

[10:26] {pita} yeah

[10:26] {nemo} Well, I was with you on that

[10:27] {pita} went with ese on HBAN - haven't recovered impetus

[10:28] {nemo} I understand...not getting off well, makes it harder

[10:28] {dino} bgc stopped -.32

[10:28] {ese} definately nemo

[10:29] {ese} but stuck to plan....stayed those stops....thats just the game

[10:30] {nemo} Yeah, I have to go get more vaseline though

[10:30] {pita} no argument there

[10:30] {ese} thats vads plan...it's made me alot of money to this point....gonna have dn days

[10:31] {magoo} vad who??

[10:31] {chinggis} FAZ?

[10:32] {ese} wouldn't mind dino's gut feeling for bounces though.......on any other day BMRN probably would have

[10:32] {Threei} can't tell chinggis, they make sudeen moves with no pattern

[10:32] {nemo} no man's land on FAZ right now

[10:32] {jfjf64} ms

[10:33] {Threei} look at that drop on FAZ around 9:50

[10:33] {Threei} what was that about?

[10:33] {dino} lol es

[10:33] {dino} bgc taunting me to try again

[10:33] {chinggis} ok ty

[10:33] {dino} mant holds lows well

[10:34] {magoo} jf..jpm too

[10:34] {nemo} C&H on BGC

[10:35] {dino} to where nemo, i don't use cups, drink from bottle

[10:35] {nemo} hahahaha...ow...laughing hurts with a hangover

[10:35] {dino} tree hod

[10:35] {magoo} nemo..u hung over?

[10:36] {nemo} faz Khan

[10:36] {dino} seriously nemo, to where?

[10:36] {chinggis} yeah I c

[10:37] {nemo} approx 34

[10:37] {dino} ok, was feeling 34.50ish

[10:37] {Threei} Long Setup: GE .65 break

[10:37] {magoo} anyone in SPY with me?

[10:37] {Threei} if stays above .60

[10:37] {magoo} .23 cents here

[10:37] {dino} i don't use the patterns

[10:38] {pita} in ge

[10:38] {fernp} in

[10:39] {chinggis} in

[10:39] {dino} life sm l .70 stop lod

[10:40] {dino} m,ant sm l .25

[10:41] {Threei} DRYS

[10:41] {Threei} HEARING MORGAN STANLEY MAKING CAUTIOUS COMMENTS

[10:42] {ese} hey hey dino....what your analysis on GPRO

[10:42] {dino} that was mant not m,ant

[10:43] {dino} my my

[10:44] {dino} i like it es

[10:45] {dino} break of .50 l imo

[10:46] {dino} or pullback at .25

[10:46] {dino} sm l .50

[10:47] {dino} stop .18

[10:47] {Threei} US REGULATORS TO REVEAL STRESS TEST RESULTS MAY 7

[10:47] {Threei} - Earlier reports suggested that Stress test results would be later next week{XLF BAC C WFC JPM}

[10:47] {ese} i may give this another try this morning....i like the break of .50 also

[10:47] {Threei} what an unbelieavable bs

[10:48] {Threei} they got themselves into such a mess with these stress tests

[10:48] {dino} never should have had them

[10:48] {Threei} of course not

[10:48] {Threei} they are not objective,

[10:48] {Threei} qwhen you get the results, results are arguable

[10:48] {Threei} and what do you do with those results?

[10:49] {Threei} they are open to interpretations

[10:49] {dino} another waste of $

[10:49] {Threei} they add to panic or to elation,

[10:49] {Threei} either can be unfounded in reality

[10:49] {dino} you see no hope of getting the $b from chy=rysler back

[10:49] {Threei} why would you want to add another uncertainty to all those we already have

[10:49] {dino} $4b

[10:49] {dino} i said let them go in late fall

[10:49] {Threei} well, chrysler deal becomes very clear

[10:50] {Threei} taxpayers funded union takeover

[10:50] {dino} bingo

[10:50] {magoo} out SPY .09..+.29 ty vad

[10:51] {magoo} ill look to reload it

[10:51] {dino} gpro stuck, tighten to .23

[10:51] {Threei} me?

[10:51] {Threei} okay... you are welcome

[10:51] {ese} gpro numbers not too bad.hmmmmmm go figure

[10:51] {ese} almost dn 6pts

[10:51] {dino} tree es?

[10:52] {dino} thought the same on gpro

[10:52] {ese} ok

[10:52] {Threei} STRESS TEST RESULTS MAY 7; TO INCLUDE CAPITAL NEEDS FOR EACH BANK AND ESTIMATED LOSSES FOR CERTAIN LOAN CATEGORIES

[10:52] {Threei} - CNBC reports release will be in the "late afternoon" on Thursday.

[10:52] {jfjf64} bravo

[10:52] {ese} tree probably had lousy numbers

[10:52] {nemo} goin' out for a while, c l8tr

[10:52] {Threei} okay, so now we are goling to gues which bank comes out smelling like roses and which like.... ummm

[10:52] {nemo} c u l8tr

[10:52] {dino} beat

[10:52] {Threei} wait

[10:53] {Threei} sell your GE first

[10:53] {dino} tree beat that is

[10:53] {ese} L Gpro .55

[10:54] {ese} sorry thats .58......need glasses

[10:55] {dino} sleep

[10:58] {dptl} cat?

[10:58] {magoo} out ESI .70 +1.70 TY vad

[10:59] {Threei} lol

[10:59] {Threei} go away mags

[10:59] {dino} what!!!!!!!!!!!!!!!!

[10:59] {magoo} oh shit, i think it was dinos

[10:59] {dino} you're buying first round for that magoo

[10:59] {dino} just made you 500

[10:59] {magoo} 500???

[11:00] {magoo} i hads 500 shares

[11:00] {dino} then credit where its due

[11:02] {dawg} .

[11:03] {dino} mant stuck, stop is .99

[11:03] {dino} bgc ranging nemo .35-.80

[11:04] {Threei} PALM 52 week highs

[11:05] {dino} darn schw wanted 17.60s for gap fill

[11:06] {dino} gpro es

[11:07] {dino} stop to .80

[11:07] {dino} out +.30

[11:07] {dino} ty es

[11:09] {Threei} anyone gets this feeling that today is going to resolve in quite sizeable move?

[11:09] {ese} whoaaa i'm asleep just noticed it

[11:09] {ese} was looking at something else

[11:09] {dino} put the porno away

[11:10] {ese} out GPRO

[11:10] {ese} .70

[11:10] {dino} and vad, my feel up 100 then close red. next week down 6%

[11:10] {ese} better than a kick in the pants....holly crap i'm out of it today

[11:12] {dino} who is this holly crap you speak of?

[11:12] {dino} you guys are humorless today

[11:13] {Threei} today?

[11:13] {nemo} back...ah shit...bgc took off without me

[11:13] {nemo} and....ge's been twaddling

[11:15] {jfjf64} uso

[11:15] {dino} life stop to .99

[11:15] {ese} no that was a good one dino.....just too tired to realise the difference

[11:15] {dino} tree nonstop

[11:15] {dino} have to get magoo to take it long so i can short

[11:16] {Threei} alternatively, I can call it long for you

[11:18] {nemo} crissakes tck just goes up everyday

[11:18] {dino} life to .10

[11:19] {dino} out life +.40

[11:20] {Threei} PALM 11

[11:20] {dino} itri sm l .98

[11:20] {nemo} bad day, huh dino, bought life .10 off the bottom

[11:20] {dino} ]huh, was in .70 out .10, +.40; first round -.01

[11:21] {nemo} oh, not as bad, only .05 off the bottom of that run, my mistake...so frickin' lucky :)

[11:22] {dawg} .

[11:23] {dino} gpro retest lod perhaps

[11:24] {dino} slgn pop

[11:28] {nemo} you awake Vad?

[11:29] {jfjf64} wake up

[11:29] {Threei} yes but I question the purpose

[11:30] {nemo} jf, gotta' use capitals

[11:30] {nemo} AOC nose ived now is hanging @ .50-.00

[11:30] {nemo} ived=dived

[11:30] {Threei} either this week was not my type of market or I was out of it... not really delighted with performance

[11:32] {magoo} yea..u suk {as i run again for fear of trout fest}

06[11:32] * nemo slaps magoo around a bit with a large 12 lb. sledge

[11:32] {dino} gpro pretty good fall

[11:32] {Threei} that's OK... I learned it long ago - you are only as good as your last call

[11:33] {nemo} what was...oh yea...ge

[11:33] {magoo} jesus..what i gotta do for a fish???

[11:33] {Threei} forget all the months or years of great stats

[11:33] {magoo} u know i think your best..just cant get a fish from ya

[11:33] {nemo} AOC breaks .50 there's some air under there

[11:33] {Threei} this last stop - that's when magoo comes in swinging {G}

[11:33] {jfjf64} im still in ge

[11:33] {jfjf64} lol

[11:33] {Threei} there is a reason for that mags...

[11:34] {Threei} I am trying to make you miserable

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

06[11:34] * magoo slaps laserdave around a bit with a large trout

[11:34] {magoo} ITS WORKING

[11:34] {nemo} big volume spike on GPRO a few minutes ago, could be bottoming Dave

[11:34] {nemo} Dino

[11:34] {laserdave} why does magoo always get me before you vad?

[11:35] {laserdave} you is getttings slowwwww

[11:35] {Threei} 'cause right now he is awake and I am not

[11:35] {nemo} Vad never tries to whack you

[11:35] {chinggis} GFIG?

[11:35] {laserdave} he alwasy used to

[11:35] {Threei} but I wouldn't go as far as to say "always"

[11:35] {laserdave} not as much anymore :(

[11:35] {magoo} vad hands out slaps like admin is surcharging him

[11:35] {Threei} I used to trout you withn seconds afdter your entrance

[11:35] {nemo} there goes AOC

[11:36] {Threei} CNBC REPORTS CHRYSLER WILL BE CLOSING 8 PLANTS AND CUTTING ABOUT 6500 JOBS

[11:36] {chinggis} any read on GFIG Vad?

[11:36] {nemo} yeah, but they'll all get 10 years pay as severance

[11:37] {dino} gpro, dk, needs another $ imo

[11:37] {Threei} I wouldn't feel safe trying long on it unless it drops under 5, chinggis

[11:37] {dino} hmmm or not it seems

[11:38] {chinggis} ok ty Vad

[11:40] {dino} nemo, you're getting good at bottoms on capits, gpro i was wrong

[11:40] {nemo} frickin tck, it ain't never gonna' pull back

[11:41] {dino} itri you had yesterday too

[11:41] {nemo} yeah, called the bottom on that, nads too small though

[11:41] {dino} wow mant moves slower than pro chess match

[11:42] {dino} size down and hit them w/wider stop

[11:42] {nemo} Now, If I coul get rid of that Wile E. feeling looking down when I find them :) Reminds me of skiing double diamonds where you look down at the slope between your skis. I was nuts

[11:43] {nemo} I know...nothing's changed

[11:43] {nemo} Just hurts more when I fall now

[11:43] {dino} can't live w/o pain nemo

[11:46] {magoo} who were u partying with last nite nemo?hungover?

[11:46] {pita} nemo - just don

[11:47] {magoo} dino doesnt know pain..try walking without crutches on a completed snapped seperated tib bone for 8 days :)

[11:47] {pita} sorry, just don't fall

[11:47] {pita} that's pain magoo, no question

[11:48] {nemo} Don't ski much any more. Forgot to eat dinner, had my usual dose of liquid medication last night. Not good if I forget to eat

[11:49] {nemo} dino dcc

[11:51] {magoo} sh SPY losss of .50

[11:51] {Threei} MAIN STREET BONDHOLDERS ENDORSES AD HOC COMMITTEE'S RESTRUCTURING PLAN

[11:51] {Threei} - Reminder: On 04/30 07:12 GM: Ad Hoc Committee of General Motors Bondholders Proposes Plan to Save GM - Proposal involves allocating new GM equity equally across the board to union VEBA and GM bondholders, pro rata to the level of financial obligation owed to each by GM. {F F.IT}

[11:52] {dino} nemo, i've lost the dcc

[11:52] {nemo} sent again

[11:52] {dino} on internet site, lost the icons w/updates

[11:53] {nemo} I use mirc

[11:54] {magoo} out spy - .07

[11:54] {magoo} duped me

[11:55] {magoo} SHIT

[11:55] {nemo} Store High In Transit

[11:55] {Threei} janitor phoned

[11:55] {Threei} he is getting irritated

[11:56] {dino} ok saw it, but again, way too tech for me, simple is better

[11:57] {Threei} you know how cockroach managed to survive millions years?

[11:57] {nemo} understood

[11:57] {nemo} I don't know any personally

[11:57] {jfjf64} ms is a monster

[11:57] {nemo} By the way Vad, I saw GPRO do your bollinger band thing

[11:58] {nemo} Then I'm familiar with the candlestick stuff-Yin Yang stuff

[11:58] {dino} itri stop toflat

[11:58] {nemo} What was the comic strip with Opus P. Penguin?

[11:59] {nemo} Bloom county

[11:59] {nemo} Anyway...Opus P. is talking to a cockroach one day

[11:59] {nemo} And the cockroach is telling them how they've been around for millions of years

[11:59] {nemo} How they can survive extremes of hot and cold

[12:00] {nemo} How they can survive desert and monsoon

[12:00] {nemo} How they can survive radiation

[12:00] {nemo} Opus P. looks at him

[12:00] {nemo} and stomps him into oblivion

[12:00] {Threei} F

[12:00] {Threei} REPORTS APRIL VEHICLE SALES -31.4% V -30%E,

[12:01] {Threei} frikin PALM just climbs

[12:02] {vinod} nemo-Flu fear shuts Harvard

[12:03] {nemo} yeah...med student got it

[12:03] {nemo} no shaking hands at graduation

[12:03] {Threei} DRYS...

[12:04] {Threei} does this thing prepare .50 break and run?

[12:04] {vinod} three of its major schools on the Longwood medical campus

[12:04] {dino} anen

[12:04] {pita} Vad, you're the answer man, not the question man.

[12:05] {Threei} not this week pita, lol

[12:05] {larisa} CAT better break this time

[12:05] {dptl} so .50 long?

[12:06] {nemo} lunchtime breakouts on a dead day

[12:06] {Threei} yeah... questionable proposition

[12:07] {Threei} look at CAT break attempt

[12:07] {larisa} real fight at .95 just can not do it

[12:07] {nemo} cat had volume spike on last red, could be a top

[12:08] {nemo} that last green volum spike couldn't maintain any momentum

[12:09] {nemo} that overnight gap in DRYS worries me also

[12:09] {larisa} you worry too much :)

[12:09] {Threei} NIssan REPORTS US APRIL SALES -38% TO 47,200K UNITS

[12:10] {nemo} use another word then...draws my attention?

[12:10] {larisa} :)

[12:10] {nemo} rates low on my bullish scale

[12:10] {nemo} sticks in my craw

[12:11] {dino} lol larisa

[12:11] {ese} dino...do ya think gpro...might be worth another shot

[12:12] {ese} L at .50 or .00

[12:12] {nemo} well, who took DRYS

[12:14] {Threei} if you firmly decide to get on one of these steady climbers, you'd do better with PALM

[12:14] {dino} yes es

[12:14] {dino} report is not bad at all, more like strike messing w/it

[12:16] {jfjf64} cat breaks 37

[12:16] {nemo} wow lunchtime breakouts

[12:16] {nemo} figures

[12:16] {nemo} gpro moving

[12:16] {larisa} best play on CAT was off .80, not breakout. struggling too much

[12:17] {Threei} right

[12:17] {dptl} best one was off .30 :)

[12:18] {nemo} dork

[12:18] {nemo} just got a call from the janitor

[12:20] {larisa} dp became swing ? :)

[12:20] {larisa} .30 is another story

[12:21] {dino} man wall of china on itri at .35

[12:21] {ese} alas poor dork....I knew him well

[12:21] {dptl} ye dp is looking at bottle of brandy right now ,thinking to start weeken early :)

[12:21] {ese} missed .50 dino

[12:22] {dino} you dog dp, i want in

[12:22] {dptl} come over :)

[12:22] {dino} 3 1/2 hrs to go

[12:23] {dino} haven't had a beer since sunday

[12:23] {Threei} great... chrysler creditors president lashed out at are getting named

[12:23] {Threei} next round of witch hunt in the making

[12:23] {dino} there is a "rule of law" isn't there?

[12:24] {Threei} tends to lose in court of popular opinion lately it seems

[12:24] {dino} in yobamas' world i loan you $ but you don't have to pay me back

[12:24] {Threei} Atlas Shrugged

[12:25] {dino} yes

[12:25] {Threei} I mentioned this analogy when the whole thing was just starting... looks more and more like direct quotes from there every day

[12:26] {Threei} look at SQNM flatlining just under .20

[12:26] {Threei} volume all but disappeared

[12:26] {Threei} this one is a candidate for a run closer to eod

[12:27] {Threei} we will have hopefuls for recovery buying for possible for gap... and dp will be drunk

[12:27] {dino} gpro maybe off of .00

[12:28] {Threei} consider buying .20 break and holding for retest of .40 at least

[12:28] {Threei} could take a few tries

[12:28] {Threei} just feels to me there are less sellers left on it than buyers

[12:28] {Threei} washout was very good yesterday

[12:29] {Threei} and the way it exploded today and sustained next stage of the move fits

[12:29] {dptl} where would be stop if it takes .20?

[12:30] {Threei} if sets up from here, under /15

[12:30] {dino} not touching it

[12:30] {Threei} PALM finally decent pullback

[12:30] {Threei} I want to keep stop tight on it dp, in order to be able to try a few times if it makes false start

[12:31] {dptl} ok ty

[12:32] {dino} now i see the reason for the brandy

[12:32] {Threei} lol

[12:32] {dptl} lol

[12:32] {Threei} can't believe it took you so long dino, and can't believe you even neded any reason

[12:33] {Threei} the very existence of good brandy or single malt is the reason in and of itself

[12:33] {dino} sometimes i just expect too much

[12:33] {Threei} we wll tend to overdo things...

[12:33] {dino} lphi

[12:34] {Threei} you expect too much... nemo worries too much... dp drinks too much...

[12:34] {dptl} how much is to much?

06[12:34] * Threei slaps dptl around a bit with a large bottle of 12 years old Glenlivet

[12:35] {Threei} that would too much - if you drank it without me

[12:35] {magoo} what i do too much?

[12:35] {Threei} where do I begin

[12:35] {dptl} :)

[12:36] {Threei} you ARE too much mags

[12:36] {Threei} {Very big grin}

[12:36] {dino} lol

[12:36] {nemo} squnm drop

[12:38] {Threei} PALM

[12:38] {Threei} probably worth a scalp here

[12:38] {Threei} stop under .10

[12:39] {dino} itri to .40

[12:39] {Threei} out .24

[12:39] {magoo} WOW what a pop

[12:39] {Threei} nice and easy

[12:39] {Threei} anyone grabbed it?

[12:39] {Threei} sized pullback, stalled... and market spiked sharply

[12:40] {dino} mant wakes up

[12:40] {Threei} delay PALM gave was window of opportunity

[12:40] {Threei} dead giveaway

[12:40] {Threei} come on, no one went for it??

[12:41] {Threei} why did I wake up to let you know... could trade it in my sleep...

[12:41] {dptl} got disconected ..went for what?

[12:41] {Threei} jeez

[12:41] {dino} out itri +.42

[12:41] {Threei} PALM dp...

[12:41] {pita} "probably" didn't seem like call

[12:41] {Threei} .15 - .17 entry for quick scalp

[12:42] {dptl} sigh

[12:42] {dptl} test test

[12:42] {dino} gpro

[12:42] {dino} you're here dp

[12:43] {dptl} ty

[12:43] {dptl} everything is wrong today....got brandy closer :)

[12:44] {dino} mant to b/e

[12:44] {ese} i'm agreeing with you dp....i'm an absolute screw up today

[12:44] {ese} missed gpro dino.........sigh....absolute screw up

[12:45] {Threei} you guys cause depression in me... by the way you speak, lol

[12:45] {Threei} what l\anguage is that

[12:45] {dino} .oo

[12:45] {dino} and vad, i concur

[12:45] {ese} vad....i'm comin over ...get the psychologists ready

[12:46] {dino} lots of movers boys

[12:46] {nemo} you're a cur?

[12:46] {Threei} ese... no psychologusts... just dp with big bottle

[12:46] {ese} and the couch

[12:46] {ese} i'll take it

[12:46] {dino} mant out flat

[12:46] {Threei} it's as though you expect every day be a winner, every trade to work etc

[12:46] {Threei} yin and yang

[12:46] {nemo} careful

[12:46] {Threei} nothing moves in one direction forever

[12:47] {dino} only .666666666

[12:47] {jfjf64} you drinkin over there

[12:47] {nemo} oh jeez...who let satan in

[12:47] {Threei} recognize in time the cold streak,

[12:47] {Threei} decrease activity,

[12:47] {Threei} minimize damage,

[12:47] {ese} direction????....do you mean there is direction in stocks and market movement

[12:47] {Threei} sit out period of being cucumber

[12:47] {dino} expect to lose, i like to think

[12:47] {ese} well i'll be damned.....

[12:48] {larisa} they say you have to learn to love your stops as much as your winners, then you will be one step closer to professional trader

[12:48] {Threei} recognize the moment when you get back in saddle,

[12:48] {Threei} start pushing harder again

[12:48] {ese} i knew there was something i was missing

[12:48] {Threei} they are right larisa

[12:48] {larisa} lol

[12:48] {ese} gotcha cheif

[12:48] {Threei} be a good loszer in order to be a winner

[12:48] {dino} who are "they"

[12:48] {Threei} loser

[12:48] {Threei} THEY dino...

[12:49] {Threei} you know...

[12:49] {dino} lol

[12:49] {Threei} popwers that be :)

[12:49] {Threei} -p

[12:49] {dino} but you are correct vad.

[12:49] {nemo} those that cannot be named

[12:49] {Threei} yeah, them

[12:49] {dino} good trading is not about being right, it's about trading right

[12:49] {ese} indeed

[12:49] {Threei} those of you who know me for many years... larisa... cosmo... raven...

[12:50] {nemo} frickin tck

[12:50] {Threei} sorry, not listing everyone,

[12:50] {Threei} but the point is:

[12:50] {Threei} how many times did you see me hjaving cold streaks?

[12:50] {dino} and think in probabilities, my hit ratio runs around .666 thats where thats from, so i expect to loseabout 3-5x/day

[12:50] {Threei} days or weeks of no good wins?

[12:51] {Threei} was there any single one of those streaks I wouldn't recover from only to have months of hot run?

[12:51] {ese} nope

[12:51] {Threei} heck, we had unbelieavable winning streak from last August

[12:51] {larisa} I only remember last 1 hour, do not even remember CAT off .30 :)

[12:51] {Threei} lol

[12:51] {Threei} just shrug off these days,

[12:51] {ese} ahhhhh wait a minute there was the time??????......just kidding

[12:52] {Threei} they are normal part of the process

[12:52] {pita} couldn't you tell us early when those days are? please? in advance......

[12:52] {Threei} ummm

[12:52] {Threei} no... sorry

[12:52] {pita} lol

[12:52] {Threei} :)

[12:53] {Threei} don't let these ays become a frustration,

[12:53] {Threei} take them as part of the process,

[12:53] {dino} gpro to .55

[12:53] {Threei} any trader that tells you he doesan't have those is a liar

[12:53] {dino} out +.55

[12:54] {dino} agree

[12:55] {vinod} vd-they these guy gave you hard time all the time?

[12:56] {Threei} of course

[12:56] {Threei} that's part of the process as well

[12:56] {Threei} keep me on my toes

[12:56] {pita} member obligation

[12:56] {Threei} and make me keep my truot unholstered

[12:56] {Threei} ummm... this sounded better in my head...

[12:57] {pita} call janitor

[12:57] {Threei} lol

[12:57] {dptl} lol obama again

[12:57] {Threei} yup

[12:57] {dptl} cnbc

[12:57] {ese} cool move by gpro dino......

[12:58] {vinod} I am going to join union here

[12:58] {Threei} ASQNM trade idea is still alive

[12:58] {Threei} SQNM

[13:00] {dptl} feels like i see president more then my wife

[13:00] {ese} hey......thanks for the day though....wouldn't spend my morning any other way all....I really enjoy your company....take care and have a great weekend

[13:00] {Threei} SENIOR AUTO ANALYST FOR IHS GLOBAL INSIGHTS WOLKONOWICZ BELIEVES CHRYSLER BANKRUPTCY WILL TAKE CLOSER TO SIX MONTHS, RATHER THAN THE 30-60 DAY TIMEFRAME ANNOUNCED BY THE GOVT - TV INTERVIEW

[13:00] {Threei} {F GM}

[13:00] {Threei} you too ese

[13:00] {ese} see ya vad

[13:00] {Threei} wow

[13:00] {Threei} look at this

[13:01] {Threei} REPORTS APRIL US VEHICLE SALES -41.9%

[13:01] {Threei} - March US sales -36%

[13:01] {Threei} guess who

[13:01] {nemo} f

[13:01] {Threei} you'd think it's one these sinneers,

[13:01] {dino} cya es

[13:01] {Threei} those who didn't make cars people wanted,

[13:01] {Threei} built SUVs and trucks,

[13:01] {Threei} ignored gbreen technology,

[13:01] {Threei} spat on fuel economy

[13:02] {Threei} right?

[13:02] {Threei} wrong

[13:02] {Threei} that's Toyota

[13:03] {Threei} Mers:

[13:03] {Threei} REPORTS APRIL US SALES -30.7%, 14,565 UNITS

[13:03] {Threei} - March sales were -17.5% y/y

[13:04] {Threei} F

[13:04] {Threei} APRIL MARKET SHARE FOR RETAIL SALES WAS 'STRONG' - SALES CALL

[13:05] {Threei} anyone planned on using Hydroxycut to lose weight?

[13:05] {Threei} don't

[13:06] {Threei} FDA warning

[13:06] {Threei} associated with liver injuries

[13:06] {nemo} my liver's petrified anyway

[13:06] {nemo} Hell, it causes metal detectors to go off

[13:06] {pita} pickled

[13:10] {dino} lol

[13:11] {Threei} SQNM changes

[13:11] {Threei} maybe bounce on sharp selloff if we get one

[13:11] {dino} winnie the poo maket today

[13:11] {Threei} I would love to see it quickly diving to 3.80

[13:11] {dino} very confusal

[13:11] {jfjf64} very

[13:12] {Threei} CHRYSLER'S BANKRUPTCY FILING DISCLOSES SECURED LENDERS INCLUDE MS, HAL, KFT

[13:12] {Threei} {MS HAL KFT}

[13:12] {Threei} ookkkaaaay...

[13:12] {Threei} I guess MS is next target of the administration

[13:12] {Threei} how dare they be so anti-american'

[13:13] {dino} mant partial fill l .15

[13:16] {jfjf64} ms monster c/h

[13:23] {jfjf64} ya guys sleepin

[13:23] {jfjf64} did i get knocked off server

[13:24] {Threei} no

[13:24] {jfjf64} k

[13:24] {Threei} we are just ignoring you

[13:24] {jfjf64} gettin worried

[13:24] {jfjf64} ty

[13:24] {Threei} usually it's magoo, but today we decided to switch

[13:25] {jfjf64} cat real strong

[13:27] {Threei} prez on TV

[13:27] {dino} apol sm l .60

[13:31] {dino} hod's

[13:33] {dino} gpro

[13:33] {jfjf64} x

[13:34] {dptl} what's the plan for sqnm now ,Vad?

[13:34] {Threei} just wait

[13:35] {Threei} watch PALM drop meanwhile

[13:36] {Threei} bounce should be near

[13:37] {jfjf64} ???

[13:37] {dptl} .30?

[13:38] {dino} aoc, sur

[13:43] {dawg} .

[13:44] {dino} fire

[13:47] {Threei} .30 break PALM

[13:47] {Threei} .24 stop'

[13:47] {magoo} inm

[13:48] {Threei} GM

[13:48] {Threei} REPORTS APRIL VEHICLE SALES -34% V -37%E

[13:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[13:51] {jfjf64} still valid

[13:51] {dino} hoft funny company, limited market i guess

[13:51] {Threei} as long as it holds .25

[13:52] {Threei} not anymore

[13:52] {jfjf64} ty

[13:52] {Threei} bounce candidate rather, but no clear idea of price yet

[13:53] {dino} wow no takers hoft=hooker furniture, just popped up

[14:00] {Threei} *FED EXTENDING TALF LOAN TERMS FOR COMMERCIAL MBS TO 5 YEARS FROM 3

[14:04] {dino} apol stopped -.12

[14:11] {wulff} Vad any reason a .26 break of PALM would not be valid setup around 2pm

[14:14] {wulff} except the fact that a short would have been better

[14:14] {Threei} lol

[14:14] {Threei} not really

[14:14] {Threei} could work

[14:14] {dino} stopped mant -.02

[14:15] {Threei} pretty much market dependent

[14:15] {Threei} but bounce from these levels is more interesting play

[14:16] {jfjf64} gm me entry boss

[14:16] {Threei} two ways

[14:16] {Threei} one is just buy and keep very tight stop

[14:16] {Threei} under 11

[14:16] {Threei} let's say buy .04

[14:17] {Threei} another is, wait for it to make couple moves between 11 and 11.05

[14:17] {Threei} then buy break

[14:17] {Threei} in first case, risk of not working is higher

[14:17] {wulff} another is hire someone to do it for you

[14:17] {Threei} in seond, risk of missing the play is higher

[14:20] {Threei} US GOVT: CHRYSLER MUST SEEK APPROVAL OF FIAT DEAL BY JUNE 1

[14:20] {Threei} IMO... Fiat is setting itself u for disaster with this deal

[14:23] {nemo} no volumes today

[14:23] {Threei} on NQ half of yesterday's so far

[14:24] {nemo} DOW 50% NAS 80% S&P 60%

[14:29] {dino} bgc sm s .00

[14:31] {nemo} nice dino

[14:32] {dino} thx

[14:32] {dino} want .65ish

[14:33] {dino} hmmm

[14:33] {nemo} yeah

[14:34] {Threei} let's do a quick dive, market... so we finally get some excitiment back

[14:40] {dino} stop to .70

[14:40] {dino} bstop that is

[14:41] {dino} stopped/covered +.30

[14:41] {nemo} lucky

[14:41] {nemo} again

[14:41] {nemo} and again

[14:41] {nemo} and again

[14:41] {nemo} :)

[14:42] {dino} nemo, you see my entries, you can play too

[14:42] {nemo} I understand

[14:42] {nemo} I was just hopping on your comment yesterday about how you're so lucky :)

[14:43] {dino} profits are luck, losses are skill

[14:43] {dino} apol interesting

[14:43] {larisa} :)

[14:44] {nemo} that's neat actually

[14:44] {nemo} So, Vad, market somnolently slip into the weekend?

[14:45] {Threei} how?

[14:45] {Threei} somnolently?

[14:45] {Threei} use short words when talking tome, will ya?

[14:45] {nemo} sleepily

[14:46] {Threei} ahhh... ty, hated the idea of reaching for dictionary

[14:46] {nemo} apol had 3 big spikes, might be bottoming

[14:46] {Threei} I don't feel so... have this nagging feeling, fireworks are coming

[14:46] {Threei} SEC"S SHAPIRO: REGISTRATION OF HEDGE FUNDS IS NOT ENOUGH; MUST ALSO REGULATE

[14:46] {Threei} yeah

[14:46] {nemo} I feel short side, so it'll probably be bull..

[14:47] {Threei} told ya witch hunt starts

[14:47] {Threei} GM EXEC: AUTO SALES HAVE FOUND BOTTOM - SALES CALL Q&A

[14:47] {dino} lol

[14:48] {Threei} let's regulate

[14:48] {dino} next they will say no shorting by nonregulated people

[14:48] {Threei} who is it, breathing in the corner unregulated?

[14:48] {Threei} no one really knows how frequently he inhales

[14:48] {Threei} how long keeps the air in

[14:49] {nemo} we'll have to buy carbon credits for breathing

[14:49] {Threei} what the ratio og inhale to exhale time is

[14:49] {dptl} palm .90 long?

[14:49] {Threei} stop this unregulated breathing this moment

[14:49] {Threei} 50/50 dp

[14:49] {pita} adios everyone, have a good weekend

[14:50] {nemo} vaya con Dios pita

[14:50] {Threei} if makes one more move to .85 and back, better odds

[14:50] {Threei} take care pita

[14:50] {dino} cya pita

[14:50] {fernp} good weekend pita

[14:50] {dino} go w/the gods? nemo

[14:50] {Threei} watch market now

[14:50] {dptl} there,it did

[14:51] {nemo} go with God

[14:51] {Threei} if spikes, PALM becomes a play on .90 break

[14:51] {dino} ahhh

[14:51] {nemo} very catholic

[14:51] {nemo} I'm more of a burn in the pit of hell kinda' guy

[14:52] {nemo} but, I was trying to be courteous

[14:52] {Threei} no unregulated fires, nemo

[14:52] {Threei} those are fire hazard

[14:52] {dino} watching apol, mant, pnra, mgln, bgc, gpro

[14:52] {nemo} I'll have to get a hazardous waste permit for my toe jam

[14:52] {Threei} CHRYSLER LLC US SALES -48% TO 76,682

[14:52] {Threei} - Vice Chairman: "The industry appears to have stabilized, as it''s been fairly level for the past four months," "We know where the bottom is, and as the economy struggles to recover, vehicle sales should follow."

[14:53] {Threei} follow to struggle?

[14:55] {nemo} in palm

[14:55] {dptl} in .91

[14:56] {Threei} I don't see much help from market

[14:56] {Threei} let's hope PALM holds its own while market gathers strength

[14:56] {Threei} it sure dropped far enough from the top

[14:59] {nemo} fit out

[14:59] {dptl} i out .91

[15:00] {nemo} out +.03 wow

[15:00] {dino} mant l .00

[15:03] {dptl} gonna stop here(should be stoped for the day anyway)...have a good weekend all :)

[15:04] {dino} take care dp, enjoy the brandy

[15:04] {Threei} take care dp

[15:04] {larisa} will take APOL at .50 break stop under .40

[15:04] {nemo} was thinking that myself

[15:05] {dino} apol sm l .50

[15:05] {nemo} that you @ .51 larisa

[15:05] {Threei} hey!!!

[15:05] {Threei} Prez on TV!!

[15:05] {nemo} what

[15:05] {nemo} yea figured that as soon as you said it

[15:05] {larisa} basing for too long though, careful here

[15:06] {nemo} "based" on what?

[15:06] {larisa} I like strong bounces nemo

[15:07] {nemo} nevermind

[15:08] {nemo} DB here larisa?

[15:09] {larisa} not really :)

[15:09] {nemo} I was trying to be optimistic

[15:09] {larisa} lol

[15:10] {nemo} never works for me...maybe that's why I see shorts pretty well

[15:10] {dino} out mant .12, +.12

[15:11] {dino} apol stop is .19 fwiw, toughie

[15:11] {larisa} I got out on new low, good luck dino

[15:12] {dino} ironically my original bid was .20

[15:12] {larisa} fooled me with base at 40

[15:12] {dino} hard stop no worries larisa

[15:14] {dino} bets on pnra filling wed gap around 55.40

[15:14] {vinod} no one has interest in FAZ SRS ?

[15:14] {Threei} yes but don't want to chase

[15:14] {nemo} vinod's babies

[15:15] {Threei} it spiked vertically from under .50

[15:15] {vinod} i got FAZ at 8.55

[15:16] {vinod} my stop is 8.55 now

[15:18] {dino} gj

[15:23] {dino} well so far as planned up about 100 then red

[15:24] {nemo} Aby joseph Cohen: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDBS5SWr2iDE

[15:24] {nemo} she's never been right

[15:28] {larisa} I want happy closing :)

[15:28] {nemo} if you're short, I think it'll be happy

[15:29] {larisa} i am 5'10"

[15:29] {nemo} short the market

[15:29] {dino} she's got legs

[15:30] {larisa} no, it is all neck

[15:30] {Threei} sigh

[15:30] {Threei} poor janitor

[15:30] {dino} lol

[15:30] {nemo} I had a girlfriend that was 6' and I'm 5'6" I was the perfect height

[15:34] {dino} feels like a summer friday

[15:35] {Threei} very much so

[15:37] {dino} sm l itri .60

[15:45] {Threei} nothing dramatic

[15:45] {vinod} still hanging in there with FAZ

[15:46] {Threei} unless last 15 minutes turn whimper into bang

[15:48] {Threei} NQ 20 points range for the whole day

[15:48] {dino} apol to flat

[15:49] {dino} stopped apol 0

[15:49] {larisa} too stubborn sellers

[15:50] {larisa} I think we need to regulate APOL sellers

[15:50] {dino} tough one today, watch it go up 2 bucks mon.

[15:52] {Threei} SQNM will be a player on Mon againb I'd think

[15:53] {larisa} vad, your best week ever will start monday :)

[15:53] {larisa} my wish to you, no pressure :)

[15:53] {nemo} somnolently slipping into the weekend :)

[15:53] {Threei} wow... I can sleep whole next week??

[15:53] {Threei} thank you!!

[15:53] {larisa} lol

[15:53] {vinod} got out 8.70 have a nice weekend

[15:53] {Threei} take care vinod

[15:53] {Threei} have a good one

[15:54] {dino} cya vinod

[15:56] {fernp} have a nice weekend everybody. see you on monday

[15:56] {larisa} later all :)

[15:57] {nemo} Stick a fork in me

[15:58] {Threei} thank you all, have a good weekend

[15:58] {Threei} see you on Monday

[15:58] {nemo} peace & quiet

[15:58] {wulff} LOVELY DAY

[15:58] {nemo} go chew on a stick wulff

[15:58] {nemo} :)

[15:59] {wulff} (sarcasm)

[15:59] {nemo} nah...not me

[15:59] {nemo} I'm all sunshine and happiness

[15:59] {dino} out itri .70, +.10

[16:00] {dino} magoo a brew please