Jun 26 2009

Very narrow day with few opportunities. Thankfully we got our winning plays on PALM and TIBX early on.

Session Time: Fri Jun 26 00:00:01 2009

[08:01] {BillyD} good morning

[08:03] {nemo} mornink

[08:11] {Threei} Good morning

[08:11] {BillyD} vad

[08:13] {Threei} General Motors Corp Update: China's NDRC to likely reject Tengzhong's bid to buy Hummer brand - State radio

[08:13] {Threei} - The planner, the National Development and Reform Commission (NDRC), is worried that Sichuan Tengzhong Heavy Industrial Machinery, which makes special-use vehicles and highway components, does not have the experience and resources to run the Hummer business, the report said.

[08:13] {Threei} - Besides, Hummer, as an expensive, gas-guzzling sports utility vehicle, would not fit in with the government's policy of encouraging energy-efficient vehicles, the radio said.

[08:13] {Threei} there... that's where we are headed

[08:14] {Threei} government telling busnesses what to produce and what not

[08:14] {BillyD} China's way of life

[08:15] {BillyD} Vad, have you bought a new PC in last couple of years

[08:18] {Threei} it was custom built... why?

[08:19] {BillyD} wanted to see if you notice performance difference, thinking about upgrading here

[08:19] {BillyD} mine is 6 yrs old

[08:19] {BillyD} I think I need a better processor

[08:19] {Threei} what's processor speed and RAM?

[08:20] {BillyD} 2.4 mhz w/ 1GB

[08:20] {nemo} graphics capabilities?

[08:20] {Threei} doesn't sound inadequate for trading purposes to me

[08:20] {BillyD} 1 agp w/dual 64MB each & a third PCI card 8MB

[08:21] {BillyD} quotes will freeze when heavy volume comes in at times

[08:21] {nemo} that pci I card stretched a bit?

[08:21] {Threei} mine is more powerful but I do a lot of photoediting

[08:21] {Threei} pci card sounds a bit low, yeah

[08:21] {nemo} BillyD, do you know what the Buss speed is

[08:22] {BillyD} yes on pci card, a PC guy told me that it was more of different drivers causing problems verses the *MB card

[08:22] {BillyD} no nemo, but my RAM is DDR 2700

[08:22] {nemo} Well, that would also be affected by the size of monitor you're running

[08:22] {nemo} That's a fairly slow buss speed

[08:23] {BillyD} have 3 19" monitors

[08:23] {BillyD} yes to slow on buss speed

[08:23] {nemo} Yeah, that might be tough on that 8 mg card

[08:23] {nemo} You windows based

[08:23] {BillyD} yes XP

[08:23] {BillyD} original installation

[08:23] {BillyD} 6 yrs agao

[08:23] {BillyD} lol

[08:23] {nemo} My only thought would be to try and hold out until the next operating system in September?

[08:24] {BillyD} what is it?

[08:24] {nemo} Windows 7

[08:25] {BillyD} typically, 1st version has so many bigs

[08:25] {Threei} yeah... early adoper = guinea pig

[08:26] {nemo} I don't disagree, but 6 years is pretty old...he's getting to the end of that thing

[08:27] {BillyD} last of the mohicans

[08:27] {vinod} GM to all let make it a good friday mney wise

[08:28] {Threei} vinod :)

[08:30] {Threei} *MAY PERSONAL INCOME: 1.4% V 0.3%E; PERSONAL SPENDING: 0.3% V 0.3%E

[08:30] {Threei} - Prior Personal Income revised from 0.5% to 0.7%

[08:30] {Threei} - Prior Personal Spending revised from -0.1% to 0.0%

[08:30] {Threei} MAY PCE CORE M/M: 0.1% V 0.1%E, PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.1% V 0.1%E

[08:41] {Threei} BLUD Halted, news pending (16.09, 0.00, 0.00%)

[08:41] {Threei} Responds to FDA notice

[08:41] {Threei} - yesterday the FDA, in an administrative action based on an early January 2009 inspection, issued a notice of intent to revoke the Company''s biologics license with respect to its Reagent Red Blood Cells and Anti-E (Monoclonal) Blood Grouping Reagent product.

[08:41] {Threei} - The FDA has not ordered the recall of any of the Company''s products.

[08:41] {Threei} - Per the FDA''s letter, the Company has 10 working days to respond to the FDA''s administrative action and 30 days to submit a remediation plan. The Company will use the extensive remediation work already underway and already documented in detail to the FDA to facilitate its response.

[08:41] {fernp} good morning everybody

[08:41] {Threei} fern :)

[08:44] {BillyD} nemo, you oretty technical PC person

[08:44] {Threei} and very annoying

[08:44] {BillyD} lol

[08:44] {Threei} oops... did I say it our loud?

[08:44] {nemo} relatively...I've put them together from scratch, and done board level chip replacements

[08:44] {nemo} soldering, that is

[08:44] {BillyD} see dcc

[08:45] {nemo} nothing on dcc

[08:46] {BillyD} try now

[08:49] {Threei} GOOG CEO: See current financial crisis as 'largely behind us'

[08:49] {Threei} feeling better?

[08:51] {Alw} good morning all

[08:54] {Threei} Alw :)

[08:56] {vinod} NEMO-you were a tech?

[08:56] {nemo} by necessity

[08:57] {magoo} mornimg

[08:57] {vinod} I spend 10 year traing people to do that woek in my younger days

[08:58] {nemo} I also worked in operations years ago. Unix SPARC installations

[08:59] {vinod} frist training class I held was on 8080 than Z80

[08:59] {Threei} magoo :)

[08:59] {nemo} Wow! that's going back a while

[09:00] {vinod} at wang lab

[09:01] {level777} Palm shot over 16 last night, anyone know the high?

[09:03] {magoo} obviously palm, stalking othersvad?

[09:04] {Threei} Thursday, June 25, 2009 4:05:10 PM

[09:04] {Threei} Palm, Inc Reports Q4 -$0.40 (adj) v -$0.62e, R $86.8M v $80.1Me

[09:04] {Threei} - On a non-GAAP basis, Adjusted Revenues in Q4 totaled $113.2M.

[09:04] {Threei} - Q4 gross margin 26.8% (adj) v 25.2% y/y

[09:04] {Threei} - Q4 smartphone sell-through 460K units (-52% y/y)

[09:04] {Threei} - Q4 shipped smartphones 351K units +6% q/q, -62% y/y

[09:04] {Threei} Palm, Inc CFO: Expects adjusted gross margin over time to be above 30%, expects to turn cash-flow positive by 2H of 2010 - conf call

[09:04] {Threei} - Sees expenses rising from Q4 levels

[09:04] {Threei} - Expects GM to grow to over 30%

[09:04] {Threei} - Focusing on smart phones

[09:04] {Threei} - To continue developing software and applications, will offer app updates free of charge

[09:04] {Threei} - Will expand developer base from hundreds to thousands

[09:04] {Threei} - Says no plans to raise fresh capital; currently capital is "absolutely sufficient."

[09:04] {Threei} - Sees significant "enterprise interest" in Pre

[09:04] {Threei} - Profitability on non-gaap basis likely when cash flow break even is reached

[09:05] {Threei} Palm, Inc Price Target raised to $23 from $16 at BofA/Merrill Lynch, maintains Buy rating

[09:05] {Threei} - Analyst cites new Pre smartphone's strong start at Sprint with accelerating demand and outstripping supply. Newsflow could remain strong with international launches of Palm Pre and other products this year, and multiple carriers in early next year

[09:05] {Threei} - Adds Pre's operating system uses standard web tools that makes it easy to write applications; could see exponential growth in apps

[09:10] {dino} gm all

[09:10] {nemo} Wow...early dude

[09:10] {Threei} 9:06:53 AM

[09:10] {Threei} NYSE discloses computer glitch is affecting trading on 565 stocks

[09:10] {Threei} oh good

[09:10] {Threei} dino :)

[09:11] {ese} good morning

[09:12] {Threei} ese :)

[09:13] {ese} mixed bag this morning?

[09:13] {Threei} pretty much

[09:14] {Threei} look dcc please

[09:14] {level777} blud trading

[09:14] {ese} anything interest you vad

[09:14] {Threei} PALM

[09:14] {Threei} BLUD

[09:15] {Threei} hmmm... I'd expect it drop more

[09:15] {dino} bloody blud

[09:15] {magoo} vad, news POT MON FSLR?

[09:15] {dptl} good morning all

[09:16] {Threei} Yesterday 18:05 POT Cuts Q2 guidance to $0.70 from $1.10-1.50 v $0.88e

[09:16] {Threei}

[09:16] {Threei} dp :)

[09:16] {Threei} Yesterday 09:51 PS4.GE Lowers FY09 EBIT guidance; Holds Rev target at 520M v 505.9Me

[09:16] {Threei} - States that prior EBIT guidance at 31M no longer achievable (current estimate 30.6Me)

[09:16] {Threei}

[09:16] {ese} ya....blood helped me loose some money years go when i was in the buy and hold part of my trading career

[09:17] {level777} ISTA halt?

[09:17] {ese} TIBX breaking out of 2 month trading range

[09:18] {Threei} ISTA yes

[09:18] {level777} wow

[09:19] {Threei} Yesterday 16:17 TIBX Reports Q2 $0.11 v $0.09e, R $142.7M v $139.4Me

[09:19] {dino} buy and hope you mean

[09:19] {Threei} Yesterday 16:48 TIBX Guides Q3 $0.09-0.11 v $0.10e, R $140-147M v $146.3Me - conf call

[09:19] {Threei} - Notes visibility remains limited

[09:19] {Threei} ese, look dcc please

[09:19] {ese} yup

[09:19] {level777} these halts cause more wild volatility than anything

[09:22] {dino} agreed

[09:22] {Threei} dp, look dcc please

[09:27] {Threei} so far, PALM and TIBX are main candidates

[09:28] {Threei} want pullback on both

[09:28] {jfjf64} mornin boys

[09:28] {Threei} jf :)

[09:29] {ese} jjjjjjjffffffffff!!!!!!!!

[09:30] {Threei} whoa PALM

[09:30] {Threei} don't get ahead of yorself

[09:30] {Threei} TIBX, 7 is nearest support

[09:31] {Threei} ok, let's try to get them when they stabilize

[09:31] {vinod} PALM good candidate for short

[09:31] {Threei} Long Setup: TIBX .05 break

[09:31] {Threei} stop under 7

[09:32] {nemo} too fast

[09:32] {magoo} no chance

[09:32] {Threei} Long Setup: PALM .30 break

[09:33] {Threei} if holding .15

[09:34] {magoo} in p

[09:35] {vinod} i was in TIBX 7.07

[09:35] {ese} L qqqq .13

[09:35] {magoo} nice

[09:35] {Threei} you have over 1:1

[09:35] {Threei} PALM 1:1 half out

[09:35] {magoo} out .54 TY vad

[09:35] {magoo} was waiting thgere

[09:35] {ese} out qqqq.21 +.08

[09:36] {BillyD} out both ty Vad

[09:36] {Threei} :)

[09:36] {magoo} billy bob wtg:)

[09:36] {vinod} out .20

[09:36] {BillyD} :)

[09:36] {jfjf64} nice ty

[09:36] {vinod} ty

[09:36] {Threei} good reflexes guys

[09:37] {BillyD} Had to hit that TIBX fast

[09:37] {Threei} PALM stop for the balance right under b/e

[09:37] {jfjf64} waslittle crazy

[09:37] {magoo} is there news FSLR vad?

[09:38] {level777} GNBT

[09:38] {Threei} nothing fresh

[09:38] {jfjf64} caei.15 break guys

[09:38] {magoo} ok ty..its been raped last 5 days

[09:38] {level777} GNBT action usually prelude to news

[09:38] {Threei} so why do you ask for news today?

[09:39] {nemo} Consumer confidence in a few, that will likely move the averages

[09:39] {magoo} see if something came out

[09:39] {level777} btw, thanks for the Palm call 3i :)

[09:39] {Threei} :)

[09:39] {Threei} CAEI is former RCH

[09:39] {magoo} POT been raped last 5 days too...and there is NEW news

[09:39] {Threei} chinese construction company

[09:39] {Threei} anyone got trout handy?

06[09:39] * nemo slaps magoo around a bit with a large chinese construction company

[09:39] {Threei} feel free to unleash it on magoo, I'll owe you

[09:40] {Threei} rofl

[09:40] {Threei} that was good one nemo

[09:40] {magoo} :)

[09:41] {jfjf64} what timme is it in china this guy sleepin

[09:42] {BillyD} had a feeling TIBX had more

[09:42] {dino} amcn

[09:42] {jfjf64} blud .22

[09:42] {BillyD} PALM distracted me a bit

[09:42] {KSystems} gooooooooood morning!

[09:42] {dino} pot lowered guidance to .70 from .92

[09:43] {Threei} KS :)

[09:43] {jfjf64} .17 blud

[09:44] {jfjf64} half out

[09:44] {jfjf64} out

[09:45] {jfjf64} ouch

[09:45] {Threei} MNTA.... sigh

[09:45] {jfjf64} never learn

[09:45] {ese} an object once in motion........still long intc

[09:46] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrr

[09:46] {jfjf64} rrrrrrrrrrrrrrrgggggg

[09:49] {BillyD} SPPI....bit jumpy in nature

[09:49] {jfjf64} jazz.16 here

[09:52] {jfjf64} market push here pls

[09:52] {nemo} 3 more minutes

[09:52] {jfjf64} ty let me get some coffee

[09:53] {jfjf64} all that jazz ese

[09:53] {level777} Palm re-enter thoughts?

[09:53] {jfjf64} lol

[09:53] {Threei} seems to move with market

[09:54] {BillyD} BLUD entry somewhere?

[09:54] {ese} ya jf.......it jazzed me for -$114.00 a week or so back

[09:55] {Threei} *JUNE FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 70.8 V 69.0E

[09:55] {Threei} - 1 yr median inflation expectations at 3.1% v 2.8% May

[09:55] {Threei} not sure Billy

[09:55] {BillyD} it's tough due to dumper status

[09:56] {level777} Palm nice dump

[09:59] {Threei} bounce-ready

[09:59] {Threei} first help by market and PALM should give a scalp'

[09:59] {Threei} in .93

[09:59] {jfjf64} k

[09:59] {Threei} stop .85

[10:00] {level777} missed

[10:00] {Threei} half out

[10:01] {level777} nice

[10:01] {jfjf64} nice vad

[10:01] {Threei} 1/4 more out .11

[10:01] {BillyD} gj Vad...couldn't get a good read on it

[10:01] {jfjf64} great entry

[10:01] {magoo} out .11..caught .98 TY

[10:01] {nemo} amazes me how he does tht

[10:02] {Threei} easy... I don't think

[10:02] {BillyD} TIBX maybe at B?O .40...it held .30 w/ mkt selling

[10:02] {Threei} it's eye-finger process, no brain inbetween

[10:02] {level777} oh, my wife says im good at that too

[10:02] {nemo} too visceral

[10:02] {nemo} yeeech

[10:02] {jfjf64} vip tk look at

[10:02] {BillyD} Vad, TIBX thoughts here

[10:02] {Threei} trying to gauge..

[10:02] {jfjf64} .22 trigger

[10:03] {Threei} chart is right, stock is wrong

[10:03] {Threei} this is not a breakout stock

[10:03] {BillyD} ok

[10:03] {Threei} my approach would be,

[10:03] {Threei} let it break,

[10:03] {Threei} wait for shakeout

[10:03] {Threei} try to get in when stops are hit and break buyers are shaken out

[10:03] {BillyD} near .30 arae

[10:03] {Threei} and if you miss, so be it

[10:04] {Threei} out PALM in full

[10:04] {Threei} +.30

[10:08] {jfjf64} vip invalid here

[10:10] {BillyD} LEN maybe short candidate

[10:11] {BillyD} if forms range here and under 9

[10:14] {jfjf64} with ya billy d s .98 trigger

[10:15] {jfjf64} this min lets go

[10:15] {jfjf64} .99

[10:16] {dino} pnra sm l .50

[10:17] {jfjf64} cant gv this up

[10:21] {dino} wynn sm l .50 wide

[10:24] {dino} cedc sm l .90 trig wide/whippy

[10:29] {BillyD} not sure I like LEn as much

[10:30] {Threei} PALM, fast pullback closer to .40 from here is long entry

[10:32] {BillyD} what would be stop on PALM

[10:32] {Threei} asking too far in advance :)

[10:33] {Threei} at this point it's more of a trading idea than exact setup

[10:33] {BillyD} got it

[10:34] {Threei} ISTA Pharmaceuticals FDA panel discloses eye drops as safe and effective, vote 7-0

[10:34] {Threei} - Dermatologic and Ophthalmic Drugs Advisory Committee Unanimously Recommends Bepreve(TM) for the Treatment of Ocular Itching Associated with Allergic Conjunctivitis'

[10:34] {Threei} - The Committee voted unanimously 7 to 0 in favor of approving Bepreve after reviewing comprehensive safety and efficacy data from ISTA''s clinical program.

[10:34] {Threei} - Although the FDA is not required to follow the Committee''s guidance, the Agency usually considers the Committee''s recommendation when evaluating pending applications. The FDA has assigned a Prescription Drug User Fee Action Date of September 12, 2009.

[10:36] {level777} i traded ista last 2 days...took home zero!!

[10:36] {dino} as swiper would say; ohhh mannnnn

[10:37] {level777} at least i didnt need to stress over the halt..might've been worth it

[10:37] {Threei} ISTA will open at 11

[10:37] {level777} wow $11

[10:38] {magoo} palm no pull

[10:39] {Threei} at 11:00 l7!

[10:39] {Threei} lol

[10:39] {Threei} as in 11 o'clock

[10:39] {level777} now, if it opens at $11, what are you gonna say? :)

[10:40] {Threei} ummm... call myself a prophet? :)

[10:40] {level777} pure genius

[10:40] {nemo} super genius

[10:40] {level777} put that call up front on ur website

06[10:40] * Threei is blushing

[10:43] {dino} cedc stopped

[10:43] {dino} -.38

[10:48] {Threei} MTXX Hearing strength attributed to chatter of possible sale of distribution or production units (39.17, -0.32, -0.81%)

[10:57] {Threei} this headline is ultimate manifestation of irony

[10:57] {Threei} Hamas leader: Obama must do more for peace

[10:57] {wulff} amazing pick on the PALM bottom

[10:58] {Threei} ty... not so much on exit though, lol

[10:58] {wulff} oh what problems

[10:58] {Threei} ISTA is getting ready

[11:00] {jfjf64} lost connection heavyy rain thunder

[11:02] {jfjf64} chs s.27

[11:04] {dino} lol hamas, like stopping suicide bombers would do nothing

[11:06] {magoo} we in anything vad..got distractted

[11:06] {dino} pwrd

[11:07] {jfjf64} half out

[11:07] {magoo} dam PALM

[11:07] {Threei} no mags

[11:08] {jfjf64} stop to .25

[11:10] {level777} the halt on ISTA really protected shareholders that bot the big gap open

[11:12] {Threei} PALM looks determined

[11:13] {magoo} i was just thinkin 17

[11:13] {jfjf64} wish i was still in

[11:15] {level777} 16.74

[11:16] {jfjf64} out

[11:18] {jfjf64} blud looks lk has gas missed entry at .25

[11:18] {BillyD} MDRX low of day

[11:18] {BillyD} maybe short

[11:21] {jfjf64} this blud wants me in pullbacked .25 im a taker

[11:25] {dino} long at .25 jf?

[11:26] {jfjf64} yeah out .35

[11:26] {level777} ista climbing up slowly but...

[11:26] {Threei} US House clears procedural vote, allowing formal debate over climate change and energy bill

[11:26] {dino} ok, gj

[11:27] {nemo} They pass that, we're {insert negative expletive here}

[11:27] {jfjf64} bwen .21 triggerr mamma need pair of shoes lol

[11:27] {dino} pappa too

[11:28] {jfjf64} yup yup

[11:28] {dino} pnra, in my best reagan voice, "teart down that 51.00 wall"

[11:29] {jfjf64} here ya go dino ya in this

[11:30] {magoo} .

[11:30] {jfjf64} bwen with market

[11:30] {dino} tear

[11:30] {dino} .

[11:30] {dino} .

[11:30] {dino} ok

[11:30] {patience} .

[11:30] {nemo} ?

[11:30] {dino} just had internet failure

[11:31] {dino} i guess connection failure more like it

[11:32] {dino} giddy-up market

[11:34] {jfjf64} 1/1

[11:34] {nemo} did you have a stop?

[11:35] {jfjf64} .25

[11:35] {nemo} is this bwen?

[11:35] {jfjf64} y

[11:35] {dino} pnra stop to .10

[11:36] {jfjf64} nice dino

[11:36] {jfjf64} all out

[11:37] {dino} ty

[11:37] {dino} pwrd strong

[11:37] {jfjf64} look at vol bars real nice

[11:41] {dino} pnra stopped slipped ave .07, +.57

[11:41] {nemo} another one where you got less than a $..wtf dino

[11:42] {dino} losing my touch i guess

[11:42] {dino} different market lately, imo

[11:43] {dino} wynn to flaty

[11:43] {dino} out

[11:43] {nemo} aw come on...except for that one day a couple of weeks ago, you've been as consistent as always

[11:43] {dino} like wynn better around 36.00

[11:44] {dino} ty nemo, just doing smaller daily #s lately

[11:44] {nemo} summer too

[11:45] {dino} as run dmc would say; "it's tricky"

[11:45] {jfjf64} im sick i was watchin jazz earlier 4.15 break lost connection tk look wow

[11:45] {dino} hitting lod's

[11:46] {jfjf64} vad here or sleepin

[11:46] {nemo} coma

[11:47] {jfjf64} lol

[11:47] {Threei} ty nemo

[11:47] {Threei} saving me typing

[11:47] {jfjf64} long week

[11:47] {nemo} yw

[11:47] {Threei} the problem with your question jf:

[11:47] {Threei} you put it as if there was contradiction

[11:47] {Threei} either/or

[11:48] {Threei} in fact, it's both

[11:48] {Threei} here and sleeping

[11:48] {jfjf64} lol

[11:48] {Threei} and that's how I trade day in day out, for many years

[11:49] {jfjf64} this blud seems lk it gonna go again

[11:49] {Alw} Vad What are you looking for in ISTA?

[11:50] {Threei} nothing really, I don't like it

[11:50] {Alw} ok

[11:51] {dino} jf, don't you mean this bud's for you

[11:51] {jfjf64} lol

[11:51] {nemo} vampire drink "This blud's for you"

[11:51] {dino} ahhh, thinking of sookie

[11:52] {nemo} huh?

[11:52] {dino} wynn rinsed

[11:52] {jfjf64} .37 trigger last trade for me kids last day of school

[11:52] {dino} sookie stackhouse, true blood series

[11:53] {nemo} oh...never seen it

[11:53] {jfjf64} bud bud go bud

[11:54] {dino} books- dead in dixie, etc

[11:55] {jfjf64} 1/1

[11:56] {jfjf64} 1/4out

[11:56] {dino} gj blud

[11:56] {jfjf64} stopto 50

[11:56] {BillyD} nice jf

[11:57] {jfjf64} see what happns kids will hv to wait

[11:57] {BillyD} lol

[11:58] {jfjf64} wish i hd a bud

[11:59] {Threei} want me to tell you who is on TV?

[11:59] {dino} no

[11:59] {nemo} I don't dare hazard a guess

[11:59] {jfjf64} stop to .55 now thanks vad

[12:00] {Threei} hmm?

[12:00] {wulff} when you grabbed that palm, was high volume a clue?

[12:00] {Threei} you are welcome of course

[12:00] {Threei} but for what?

[12:00] {wulff} or a pause

[12:00] {jfjf64} pres on tv all red bars know

[12:04] {jfjf64} out

[12:04] {jfjf64} thats it for me guys enjoy weekend ty vad

[12:05] {Threei} take care jf, have a great one

[12:05] {Threei} good job

[12:05] {dino} cya jf

[12:05] {Threei} as I said yesterday,

[12:05] {Threei} your progress in just couple month is incredible

[12:06] {jfjf64} thanks to you and this room ty again

[12:06] {dino} gj

[12:06] {Threei} feels like you are natural, just needed somestructure and discipline

[12:06] {Threei} and trout

[12:07] {jfjf64} dont understand this trout thing but we got time to work on that

06[12:07] * BillyD slaps jfjf64 around a bit with a large trout

[12:07] {Threei} there

[12:07] {Threei} understand this

[12:08] {dino} better not to understand

[12:08] {BillyD} something to study over weekend :)

[12:08] {Threei} hehe

[12:08] {Threei} room is all too willing to provide the material

[12:09] {jfjf64} enjoy my kids starvin upstairs they will tell mom i dont feed them while she at work see ya monday

[12:11] {dino} :)

[12:19] {BillyD} mkt seems just a tad more festive w/ follow thru buyers

[12:20] {BillyD} on certain stocks

[12:24] {dino} scanners all green

[12:32] {dino} pwrd s .41

[12:34] {Threei} (RU) Russia Pres Medvedev affirms Russia's involvement in OPEC is solely as an observer (related USO )

[12:34] {Threei} as in "we are watching you"?

[12:35] {BillyD} Vad,u been there in a while

[12:35] {Threei} not since 1996

[12:35] {BillyD} when did you leave

[12:36] {Threei} in 1996

[12:36] {Threei} lol

[12:36] {BillyD} lol

[12:36] {BillyD} could you return w/ no issues

[12:36] {BillyD} to visit

[12:36] {Threei} at this point, I think so

[12:37] {Threei} all problematic figures who were "in play" when I was there are dead or jailed or out of business in some other way

[12:37] {BillyD} hmmmm....and you are in CA

[12:38] {Threei} the tough time was first two-three years

[12:38] {Threei} and I had to go back in 6 months after leaving, to settle some issues

[12:38] {BillyD} is your family still there

[12:39] {Threei} the guy who ran mafia protection and served as my "roof" was shot dead two weeks before that

[12:39] {BillyD} sacry

[12:39] {Threei} which created huge problem

[12:39] {Threei} and the way I solved it is a whole story

[12:39] {Threei} no, don't have anyone there anymore

[12:39] {level777} there is no mafia.. an old wives tale

[12:39] {level777} ima keepa my eye ona you now

[12:39] {Threei} right

[12:42] {Threei} what's with OXGN?

[12:42] {Threei} no news that I see

[12:44] {Alw} Does most of the Russian people speak English?

[12:45] {Threei} no

[12:46] {Threei} Russia was never really open country with a lot of foreign language used, not since revolution

[12:46] {Threei} and before revolution, French and German were more prevalent

[12:47] {Alw} Ok - when I went to Europe I found most people spoke better English than me

[12:49] {dino} cov pwrd .39, +.02 not moving, mkt going up

[12:51] {dino} sure now it drops

[12:53] {nemo} pwrd is a nice dbi setup

[12:55] {level777} whats dbi

[12:56] {nemo} Drop Base Implosion....stock has a downleg, then flat for a while, and then implodes downward

[12:57] {nemo} PWRD had a big run, a down leg, and is running flat...the question, does it drop?

[12:57] {dino} just did, after i covered

[12:59] {dino} syut

[13:02] {ese} anybody on the board from Seatle

[13:02] {ese} was never away

[13:02] {dino} pa

[13:02] {ese} wa

[13:03] {ese} just wanted to know if you knew anything about Tom Bihn luggage, bags. cases accessories etc etc

[13:06] {ese} just realised i resent being called an "idler" man......i'm workin!!! whats with that anyway

[13:06] {dino} lol es

[13:07] {dino} better than slacker

[13:07] {Threei} and slacker is claimed by me

[13:07] {ese} was just to get vad riled up.....not workin....he's calm and cool

[13:07] {Threei} it's a side effect of coma

[13:08] {dino} i'm kicking the scanners shouting spit something out

[13:08] {dino} syut a bit gappy

[13:08] {dino} jumps again

[13:08] {nemo} summer friday afternoon

[13:08] {Threei} I quit doing that dino... my scanner answered me once, and it was not pretty

[13:09] {dino} if i was up more, i'd go mow the lawn

[13:11] {dino} ostk

[13:16] {ese} have a meeting all.......last day of school see ya monday

[13:16] {Threei} take care ese

[13:16] {ese} see ya vad

[13:17] {Alw} Is cpd a possible jbe?

[13:18] {Threei} formally, yes... in practice, very questionable

[13:19] {Threei} Market impact of Climate Bill vote (American Clean Energy and Security Act of 2009)

[13:19] {Threei} **it appears the 3 hour debate on the climate bill has begun in the House at 1pmET, implying that a final vote might come late this afternoon

[13:19] {dino} l rht .93

[13:19] {Threei} **Specifics of the legislation:

[13:19] {Threei} - Requires a 17% emissions reduction from 2005 levels by 2020.

[13:19] {Threei} - Requires renewable electricity mandate stating each electricity provider who supplies over 4M MWh must produce 20%of its electricity from renewable sources by 2020. (5% of this standard can be met through energy efficiency savings, as well as an additional 3% with certification of the Governor of the state in which the provider operates).

[13:19] {Threei} - Failure to meet said requirements results in fines of $0.02/KWh that will be adjusted upward with inflation.

[13:19] {Threei} - Allocates funding for modernization of grid system ("smart grid"), expansion of electric vehicle production, and sets guidelines for additional energy efficiency in new building projects.

[13:19] {Threei} - To develop Cap-and-trade like system, 85% of initial permits to be given for free with remaining 15% being put up for auction.

[13:19] {Threei} **Potential effects of the legislation:

[13:19] {Threei} - 1) if the bill passes

[13:19] {Threei} Negative impact on the coal burning utilities and coal companies, coal prices likely to decline as their use will be limited; use of natural gas may increase as it reduces the carbon footprint and may drive the sales of natural gas higher. Solar and wind power generating companies will benefit from increased subsidies for energy efficient and alternative energy technologies. Firms that specialize and provide 'smart grid' and infrastructure utilization software are also likely to benefit as utilities look to maximize existing generation sites and prolong the life-time of grand-fathered 'dirty' coal plants. Other sectors that are likely to benefit include specialty names that have experience in carbon capture and sequestration in terrestrial and sub-terrestrial storage. Financials with exposure to EU Cap and Trade and Carbon Emission Contracts are also posed to benefit from increased business volume due to exposure to facilities and understanding of market.

[13:20] {Threei} - 2) if the bill fails

[13:20] {Threei} Positive impact for the coal burning utilities and coal companies, coal prices to remain supported or even rebound on anticipated demand, Natural gas likely to remain steady or decline a little. Solar and wind power technology companies are likely to feel some impact as investors anticipate increased use of green technologies.

[13:20] {level777} clean energy is sweeping the country, esp in cal

[13:20] {Threei} -3) Mixed reactions:

[13:20] {Threei} As with every piece of legislation, the effects of an energy production balance and 'cap and trade' system on markets will not be as clear as one may initially expect. Initial programs and funding will certainly move towards alternative energy technologies and further development of smart grid technologies. The incremental implementation of energy production portfolio balancing at utilities will mean that heavily coal dependent regions (US South East and Mid West) will not see sudden, massive price increases. Due to subsidies and stimulus programs, consumer and commercial price increases are seen rising broadly in tandem throughout US power markets. As for a cap and trade system, initial winners will most notably include the US Federal Government that stands to gain a windfall payment. It is expected that a large percentage of these funds will be reinvested into additional technology and energy subsidy programs (to offset the consumer price increase that will be passed down from utilities).

[13:21] {nemo} boy is this going to hurt the wallet

[13:21] {Threei} Coal Sector:

[13:21] {Threei} BTU, CNX, MEE, FCL, FDG, ANR, YCZ, PCX, ACI, JRCC

[13:21] {Threei} 'Smart Grid' and Green Tech Sector:

[13:21] {Threei} GE, ITRI, AIRN, ELON, BMI, BGC, AMSC, CAMP, FTEK, ALVR, CPST, GSZ.FR

[13:22] {level777} along the Cal ports they are charging a tarriff for non complying, clean trucks

[13:22] {Threei} Wind Sector:

[13:22] {Threei} WNDEF, VWS.DC, NDX1.GE, RPW.GE, GAM.SP, EEN.FR, DD, AMSC, SPI, SUEL.IN

[13:22] {Threei} Solar Sector:

[13:22] {Threei} SPIR, STP, JASO, FSLR, SWPRA, ESLR, ENER, WFR, SOLF, SOL, SWV.GE, ALTI, QCE.GE, UNAX.GE, ASTI, YGE, CSIQ, TSL, PS4.GE

[13:22] {Threei} Sequestration Sector:

[13:22] {Threei} DOW, FWLT, PGH, ECO.UK, ALO.FR, STO, EOAN.GE, XTA.UK, RTP

[13:22] {Threei} there... youi have whole roadmap for future trading

[13:22] {Threei} I am going on vacation till 2010

[13:22] {level777} they are deploying gov't capital to replace with electric/hydrogen powered etc

[13:23] {level777} and some companies making fortunes with carbon credits

[13:24] {level777} which is a joke in itself

[13:25] {level777} ..now back to your regularly scheduled programming

[13:33] {dino} pru l .50

[13:35] {nemo} might be heaed to .30

[13:36] {nemo} headed

[13:38] {dino} it is

[13:38] {nemo} if it breaks that, not sure I'd hang around

[13:39] {dino} stop is .33

[13:40] {nemo} low candle is .31

[13:40] {dino} out

[13:40] {nemo} don't want to get caught in a rush for the exits

[13:42] {dino} maybe a buck lower

[13:44] {nemo} pru flipped you the bird

[13:44] {nemo} didn't close under support

[13:44] {dino} jpm hod

[13:45] {dino} l met .75

[13:45] {nemo} can you imagine the uproar if the big banks all have huge earnings

[13:47] {vinod} I am back. still have PALM from morning

[13:48] {dino} all maybe off of .01

[13:50] {Threei} wow vinod

[13:50] {Threei} you should be ashamed of yourself... making such indecent profits

06[13:51] * Threei slaps vinod around a bit with a large roll of cash

[13:51] {level777} fwiw, i am accumulating GNBT for a swing trade...not a rec to anyone...I know the stock well and am anticipating off its trading some vg news

[13:51] {Threei} Fed's Fisher: Fed actions saved the US from a 'depression'

[13:54] {Threei} Fed's Fisher: green shoots are not 'sprouting like kudzu'

[13:54] {Threei} lol

[13:56] {dino} all l .00

[13:56] {vinod} out 16.27 got bussy. plus all your pick this week would have given more if kept for a while

[13:56] {vinod} my record tells me

[13:57] {Threei} way to track it and make corrections

[13:57] {Threei} wtg

[13:57] {vinod} i only had 500

[14:06] {vinod} ty boss this is one of the best week for me and have a nice weekend to all

[14:06] {dino} u2 vin

[14:07] {magoo} PALMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

[14:08] {Threei} great to hear vinod

[14:08] {Threei} have a great weekend

[14:24] {dino} rjet

[14:24] {magoo} .

[14:25] {magoo} what we in??

[14:25] {Threei} ummm

[14:25] {nemo} coma

[14:25] {Threei} I am in deep thoughts on whether PALM is going to stage eod run or fizzle out

[14:27] {dino} uthr

[14:34] {dino} met to .84

[14:35] {dino} to .86

[14:36] {dino} to .89

[14:37] {dino} out met .89, +.14

[14:38] {dino} all to .04

[14:38] {dino} out, +.04

[14:39] {dino} cedc last try l .44

[14:39] {dptl} have a good evening all

[14:40] {Threei} Fed's Fisher: USD will not be replaced as the world's reserve currency

[14:40] {Threei} wow... first time I find myself nodding to what Fed say

[14:40] {Threei} take care dp

[14:41] {Threei} US treasury yields are 'subdued'

[14:41] {Threei} - will no monetize the deficit

[14:41] {Threei} this last part I still have to see to believe

[14:42] {dino} cya dp

[14:42] {Threei} Not expecting unemployment rate in the US to reach 11%

[14:43] {jfjf64} back my friends

[14:44] {jfjf64} in anythin vad

[14:46] {Threei} no

[14:47] {Threei} watching PALM

[14:49] {jfjf64} hmm does it bust through or go to sleep keep me posted what ya thinkin

[14:50] {jfjf64} 17.20 key #

[14:51] {jfjf64} high last october

[14:52] {dino} uthr sm l .25 partial

[14:55] {jfjf64} .50 long palm

[14:55] {Threei} stop under .40?

[14:55] {Threei} or .35?

[14:55] {jfjf64} 35

[14:56] {jfjf64} got slipp in 53

[14:56] {jfjf64} anybody else in

[14:57] {level777} 3i, any thoughts PALM}?

[14:57] {BillyD} not here

[14:58] {Threei} scratching my head

[14:58] {Threei} it trades like breakout and run

[14:58] {Threei} but I am so not inclined to tarde those at this point

[14:58] {Threei} summer fridasy afernoon

[14:59] {Threei} what breakout? what ruhn?

[14:59] {nemo} relative volume has dropped drastically

[14:59] {nemo} 50% DOW and S&P 75% NAS

[14:59] {dino} well, they get older and die

[15:00] {Threei} jf... now that it made new high, trail to under .40

[15:00] {Threei} let's be stingy here, especially considering your slippage on entry

[15:00] {jfjf64} yes was gonna ask ya ty

06[15:00] * Threei is now known as mind reader

[15:01] {magoo} i took palmer .43

[15:02] {jfjf64} market ragin this dropp[n

[15:03] {magoo} really would like psalm to rip near 16.80

[15:04] {Threei} psalm... lol

[15:04] {magoo} is that too greedy vader?

[15:04] {Threei} I can't tell mags

[15:04] {nemo} going holy roller mags?

[15:05] {Threei} this break keeps me at loss

[15:05] {jfjf64} stop to .45

[15:05] {Threei} can't gauge it

[15:05] {jfjf64} out

[15:06] {magoo} its getting weirder now

[15:06] {jfjf64} not my cup of tea

[15:07] {jfjf64} out of my league

[15:08] {dino} cyou

[15:08] {level777} bouncing around pretty good

[15:11] {dino} uthr to .70

[15:11] {dino} to .75

[15:12] {dino} out +.50

[15:14] {dino} pwrd app. hod

[15:16] {nemo} little early on uthr

[15:17] {dino} whoa wrong on pwrd

[15:18] {dino} my bad

[15:18] {nemo} drinkin' already Dino?

[15:19] {level777} nice Palm flush

[15:19] {dino} no, but......

[15:20] {Threei} but thinkong of it? :)

[15:21] {dino} indeed, it is almost happy hour

[15:24] {dino} ughhhhh uthr

[15:24] {dino} way too tight on it

[15:25] {dino} pru too

[15:27] {Threei} SAFM USDA: Russia has banned pork from certian Farmland food palnts, and chicken from SAFM (45.80, -0.48, -1.04%)

[15:29] {Threei} Only 17% Rate Government A Wiser Spender Than Private Business

[15:29] {Threei} hey... I knew people are not all idiots

[15:29] {Threei} just 17%

[15:31] {patience} ok guys, have a great weekend. been an excellent week. new pattern for me: buying teck shares in the am, selling before closing...good volume and price movement

[15:31] {Threei} have a good weekend patience

[15:31] {dino} gj, cya

[15:31] {BillyD} bye

[15:37] {magoo} ZN crazy

[15:37] {Threei} no news too

[15:39] {dino} $21m raised all i see, 2nd gas permit

[15:39] {Threei} yeah but non of it fresh

[15:40] {BillyD} Have a nice weekend everyone...cya monday

[15:40] {Threei} take care billy

[15:42] {level777} still waiting for a brilliant eod call

[15:42] {Threei} ZN, 1 dollar ago

[15:42] {dino} 3:40 action

[15:43] {Threei} whole day range was 15 points NQ

[15:44] {Threei} thank tyrading gods we got what we got

[15:44] {Threei} this kind of day can easily go with no single trade

[15:45] {dino} out cedc .65, +.21

[15:45] {dino} opps ave .64

[15:46] {Threei} jeez ZN

[15:47] {Threei} that's AMEX for you

[15:47] {dino} out rht flat, bad entry

[15:49] {Threei} are you watching this curcus guys?

[15:49] {Threei} circus

[15:49] {nemo} yeah

[15:49] {level777} amazing

[15:49] {dino} nope

[15:50] {dino} darn cedc kept going

[15:51] {Threei} TSPT

[15:51] {dino} acur spike

[15:52] {Threei} what the deuce

[15:52] {Threei} whatever

[15:52] {KSystems} is there any holiday coming up after the weekend?

[15:52] {Threei} let's call it a day guys

[15:52] {dino} too fast

[15:52] {Threei} not this weekend KS

[15:52] {dino} july 4th

[15:52] {nemo} naechste Wochenende

[15:52] {Threei} next one

[15:52] {KSystems} thank you!

[15:52] {Threei} have a great relaxing weekend

[15:53] {Threei} see you on Monday

[15:53] {Alw} ty - it was a great education!

[15:53] {dino} take care 3i