Mon Jun 15 2009

Quiet low volume summer Monday, with a few nice plays though. Small biotechs continue showing stunning rallies here and there.

Session Time: Mon Jun 15 00:00:00 2009

[08:32] {jfjf64} mornin all

[08:33] {jfjf64} early bird gets the worm!!!!!!

[08:34] {Threei} nah... second bird gets the worm, first one gets eaten by the early cat

[08:35] {jfjf64} funny

[08:40] {Threei} IMMU Reports Updated Phase II Results With Radiolabeled Epratuzumab in Non-Hodgkin''s Lymphoma

[08:40] {Threei} Announced that epratuzumab labeled with the potent radioisotope, yttrium-90 (Y-90), when given in small fractionated doses to patients with non-Hodgkin''s lymphoma (NHL), achieved high rates of durable responses at total Y-90 doses exceeding the 32-mCi limit approved for a single dose of ibritumomab tiuxetan.

[08:48] {Threei} Reminder: US govt speakers scheduled for this morning

[08:48] {Threei} - Treasury Secretary Geithner is scheduled to participate in an event discussing the economy at 9amET.

[08:48] {Threei} - at 9:30amET, Chicago Fed President Evans will speak on the financial crisis at a breakfast meeting.

[08:56] {ese} morning vad

[08:56] {ese} opps...morning jf missed ya there

[08:58] {Threei} ese :)

[08:59] {ese} pretty nice weekend in paradise vad

[09:00] {KSystems} morning :)

[09:00] {Threei} IMF: Financial conditions have improved

[09:00] {Threei} totally

[09:00] {Threei} KS :)

[09:01] {ese} ksys

[09:01] {Threei} IMF raises 2009 US economic forecast to -2.5% (from -2.8% prior)

[09:06] {cosmo} bdsi

[09:07] {dptl} good morning all

[09:07] {vinod} good morning

[09:07] {Threei} BIODELIVERY SCI INTL Provides NDA update for ONSOLIS: FDA sees no need for review extension letter; should be within a few weeks of NDA approval

[09:07] {Threei} - Announced that the co has reached agreement with the U.S. FDA Division of Anesthesia, Analgesia and Rheumatology Products and a multidisciplinary review team on all aspects of the companys New Drug Application (NDA) for ONSOLIS (fentanyl buccal soluble film), including the Risk Evaluation and Mitigation Strategy (REMS). Although the FDA did not meet its action date of last Friday for this NDA, the Division has informed the company that FDA will not be issuing a review extension letter as their action on the NDA is forthcoming.

[09:07] {Threei} csomo, dp, vinod :)

[09:07] {cosmo} :)

[09:08] {Threei} (US) Treasury's Geithner: regulatory overhaul to cover gaps in systemic risk protection

[09:11] {Threei} Economy continues to face massive challenges, is in the early stages of repair

[09:17] {fernp} good morning everybody

[09:17] {ese} fern

[09:18] {Threei} fern :)

[09:19] {tomg} good morning all

[09:19] {Threei} tom :)

[09:20] {cosmo} cramer likes TQNT fyi

[09:21] {Threei} TQNT Price Target raised to $7 from $5 at Barclays, maintains overweight rating

[09:22] {ese} was reading a brokers blog a few years back and their standard play was to short cramer when he like something.......i'll bet they still do it

[09:26] {patience} good morning guys :)

[09:27] {Threei} patience :)

[09:27] {ese} patience

[09:29] {dino} gm all

[09:29] {Threei} dino :)

[09:29] {magoo} kugfjyyfjyuf

[09:29] {ese} how bout that heres the blog http://shortcramerpicks.blogspot.com/

[09:29] {Threei} 06/15/2009 08:05 AM [JAZZ] Data Suggest Sodium Oxybate Significantly Improves Pain and the Core Symptoms of Fibromyalgia

[09:29] {Threei} mags :)

[09:30] {ese} mags

[09:30] {Threei} Fed's Evans: TALF is working as expected

[09:31] {Threei} watching JAZZ

[09:33] {Threei} let's try to get it on pullback

[09:34] {Threei} BDSI hard selloff

[09:35] {Threei} 3.40 - 3.50 area JAZZ

[09:38] {cosmo} svnt

[09:38] {cosmo} 9.62 hod

[09:38] {Threei} one more sharp leg down JAZZ, and will be interested

[09:39] {Threei} Long Setup: SPPI 6.10 break

[09:41] {Threei} SQNM

[09:41] {Threei} no news that I see

[09:41] {nemo} STOP ON SPPI?

[09:42] {Threei} under 6 if triggers from here

[09:45] {_levelseven} in sqnm 4.99

[09:47] {magoo} BAC bounce coming

[09:47] {magoo} not in yret

[09:48] {dino} 8633 been holding, 926, and 1475

[09:48] {magoo} clubbed mkt

[09:48] {Threei} quite a selloff there

[09:48] {magoo} end of world vad???

[09:48] {dino} going to blow thru those levels, feels like

[09:48] {Threei} sure, we haven't had one this week yet

[09:48] {nemo} 2012

[09:48] {Threei} so let's have early and move on

[09:48] {Threei} SPPI invalidated

[09:48] {dino} gaps 5/29; 8500, 1435, 919

[09:49] {Threei} WFC is relatively stronger

[09:49] {vinod} QID?

[09:49] {magoo} agree

[09:49] {dino} ibm strong

[09:49] {nemo} SDS

[09:50] {Threei} JAZZ bounced from .45

[09:51] {Threei} was tough entry there

[09:51] {vinod} missed JAZZ

[09:51] {magoo} yea

[09:51] {magoo} SPY may be ready vad to bounce

[09:52] {nemo} maybe look for double bottoms given the indices today

[09:53] {Threei} JAZZ just goes

[09:53] {Threei} that initial read was the most accurate

[09:53] {Threei} [09:35] {Threei} 3.40 - 3.50 area JAZZ

[09:53] {jfjf64} yup

[09:54] {Threei} ACOR Hearing renewed takeover chatter circulating (26.21, 0.68, 2.66%)

[09:55] {dino} sm l ctrp .45

[09:55] {Threei} (US) Fed's Evans: There is a risk US unemployment could get close to 10% - Q (related EUR/USD )

[09:56] {magoo} RIMM intersting vad..double bottom

[09:56] {_levelseven} is like these Fed guys decide wether to buy calls ot puts, then make a statement about economy

[09:56] {magoo} an inverted snow camel formation

[09:56] {dino} cnqr sm l .75

[09:56] {_levelseven} sppi

[09:57] {_levelseven} sqnm nhod

[09:58] {_levelseven} out 1/2 sqnm 5.14 +.15

[09:58] {Threei} JAZZ Earlier this morning, CNBC's Mike Huckman comments on his blog that JAZZ Pharma press release this morning was on data that was presented last week

[09:59] {dino} qcom sm l .85

[09:59] {jfjf64} early bird gets worm??? lol

[09:59] {jfjf64} 3.40 3.50

[10:00] {Threei} SPPI really trying

[10:00] {_levelseven} sppi pace picking up

[10:03] {vinod} VAD- all your initial setup on JAZZ SPPI were good i didn't got any

[10:03] {Threei} both were very tough

[10:04] {Threei} QEP Co. Inc Reports Q1 $0.64 v 0.35 y/y, R$50.7M v 54.9M y/y

[10:04] {Threei} - gross margins 30.6% v 30.6% year ago

[10:04] {Threei} - significant economic uncertainties remain in each of the markets in which it operates. Accordingly, it remains extremely difficult for the Company to project how the global economic environment will perform and the extent to which, or whether, the recently experienced improvements in the Company''s results of operations will continue.

[10:04] {Threei} QEPC

[10:05] {_levelseven} would just like to scalp the spread

[10:05] {Threei} (US) White House Econ Advisor Goolsby: Reiterates proposal that all derivative dealers by subject to regulation -CNBC Interview

[10:06] {Threei} ALTU Hearing takeover chatter circulating (0.59, 0.04, 7.09%)

[10:07] {jfjf64} jazz double top challengen highs

[10:10] {Threei} US Supreme Court to review case involving gas station lease dispute

[10:10] {Threei} must be important lease

[10:12] {jfjf64} jazz ouch

[10:12] {_levelseven} sqnm hod

[10:13] {Threei} JAZZ will never stop

[10:13] {Threei} it will go and go, foirever

[10:14] {jfjf64} my week wd of been done

[10:14] {dino} ctrp styopped -.45

[10:16] {jfjf64} tza vad tripple tp

[10:16] {_levelseven} sqnm pushing again

[10:16] {Threei} if you are up to gambling play

[10:17] {Threei} JAZZ, .50 break

[10:17] {Threei} if holding above .35

[10:17] {Threei} scary one

[10:17] {_levelseven} out remaining sqnm 5.21 +.22

[10:19] {dino} gj

[10:20] {Threei} UAUA CFO: Current environment may be right to make further plane orders

[10:20] {Threei} half out JAZZ

[10:21] {vinod} I am In JAZZ what is stop in 0.50

[10:21] {Threei} under .35 originally

[10:21] {Threei} hit 1:1, so half out and stop to .45

[10:22] {vinod} thanks

[10:22] {vinod} out .63

[10:22] {Threei} offer 1/4 more .75

[10:22] {Threei} and last 1/4 .90

[10:23] {_levelseven} sppi trying again

[10:23] {Threei} yeah, looks like anohter runner if takes .25

[10:23] {vinod} see you after 13.30

[10:23] {Threei} take care vinod

[10:24] {_levelseven} sqnm is providing good scalps if u can stay on top of it

[10:25] {dino} rmbs rocking

[10:26] {_levelseven} 3i, sppi took the .25

[10:26] {Threei} stop under .15

[10:27] {_levelseven} didnt look like it had the legs (vol) earlier but you nailed it

[10:30] {Threei} HIG S&P revises outlook to stable from negative

[10:31] {Threei} hmmm

[10:32] {Threei} Long Setup: HIG .37 if holding above .30

[10:32] {Threei} interesting feeling today

[10:32] {Threei} market drops and drops, but there is a distinctive bullish feeling in the air, lol

[10:33] {Threei} maybe because I am focused on a few stocks that show strength

[10:33] {nemo} bullish or BS

[10:33] {Threei} and they do that against the market

[10:33] {magoo} plus your natural inclination to be positive and optimistic vad:)

[10:33] {Threei} rofl

[10:34] {nemo} altruistic lover of humanity

[10:34] {Threei} look how HIG is holding

[10:35] {Threei} impression is, these stocks just wait for the market to stabilize

[10:35] {_levelseven} sqnm nose dive

[10:35] {Threei} OPEC Sec Gen: Does not want oil prices to rise too rapid;y; seeks stable prices

[10:36] {nemo} unfortunately, he can't manage the $

[10:36] {Threei} VPHM Hearing vague chatter company as resolved issues with FDA over Cinryze (6.02, 0.06, 1.01%)

[10:39] {dino} calm

[10:39] {nemo} pork producer

[10:40] {jfjf64} hig strong

[10:41] {_levelseven} mkt not helping us

[10:42] {jfjf64} or is it hmmm

[10:42] {Threei} SVA Completes Construction of H1N1 Virus Seed Bank

[10:42] {Threei} - completed construction of the H1N1 virus seed bank necessary to produce a virus antigen

[10:43] {Threei} (US) Senator Stabenow: 1 yr stimulus too short, would like to see 10 yr stimulus window

[10:43] {Threei} why stop there

[10:43] {Threei} let's go for 100 years stimulus

[10:43] {Threei} and stimulate all this stuff out of existence

[10:43] {nemo} w ffffn stimulus? all they did was replace spending cuts

[10:47] {Threei} RMBS non-stop

[10:47] {Threei} SVNT Hearing upgraded from Hold rating at a boutique firm [wall st access] (timing uncertain) (9.31, 0.05, 0.54%)

[10:47] {nemo} HIG breaking through

[10:48] {dino} sm l pnra .09

[10:52] {dino} wynn sm l .30 stop .99

[10:54] {Threei} half out who went for HIG

[10:54] {jfjf64} ty

[10:55] {nemo} didn't it invalidate?

[10:55] {nemo} or stop

[10:57] {Threei} I provide coments for those who went for it and stayed with it

[10:57] {nemo} Ahhh

[10:57] {Threei} it barely touched on .37 before invalidating,

[10:57] {Threei} then returned to high

[10:58] {Threei} became kind of discretionary one

[10:58] {nemo} yes

[10:58] {Threei} and when there is a discretion, there usually is someone who takes the trade

[10:59] {Threei} not even speaking of aggressive ones who wait for pullback

[10:59] {nemo} Magoo

[10:59] {Threei} so who am I to discmintate and leave those without support

[10:59] {nemo} Mags, you take it?

[11:01] {magoo} actually, no

[11:01] {nemo} Monday

[11:01] {magoo} watching RIMM , not in ..flat here

[11:02] {dino} wynn stopped -.32

[11:02] {magoo} nasty mkt

[11:03] {nemo} unless you're playing shorts

[11:03] {nemo} I stand on my head when looking at the screen, it's like going long

[11:03] {magoo} true dat lol

[11:04] {magoo} i always want to..but tend to not

[11:05] {Threei} Long Setup: FITB .70 if stays bove .65

[11:07] {Threei} US) Economist Robert Schiller: Housing downturn is not over yet

[11:07] {Threei} US Economist Roubini: US unemployment will reach 11% 'for sure'; stress tests not stressful enough

[11:07] {Threei} ok... too many talking heads at once

[11:08] {Threei} and each trying to out-pessimize others

[11:08] {Threei} looking for market turn

[11:09] {Threei} FITB, I'd modify it

[11:09] {nemo} indexes look lik bottoming

[11:09] {Threei} .65 break long if stays above .60

[11:09] {Threei} either that, or conslidate for another leg down nemo... hard to tell

[11:10] {nemo} understand :)

[11:11] {magoo} RIMM has held

[11:13] {magoo} any read rimm vad?

[11:13] {Threei} .20 break worth a try

[11:16] {Threei} 1:1

[11:24] {Threei} FITB invalidated second time

[11:24] {Threei} not is day

[11:24] {Threei} its

[11:27] {Threei} CNBC's Liesman: Part of new regulatory overhaul will require security originators to hold 5% of securitized assets sales

[11:28] {Threei} new overhal will eliminate 'gain on sale' accounting

[11:28] {Threei} hmmm?

[11:28] {Threei} why would they want to eliminate that?

[11:28] {nemo} they'll still hold part of the asset, how will they know how much they made?

[11:29] {Threei} what is it, another m2m disaster in the making?

[11:29] {nemo} If there margin on the sale was 5%, the amount they're required to hold, and the asset goes to 0 they make nothing

[11:29] {nemo} absolutely

[11:29] {Threei} FDA reportedly notes there may be an association between ADHD drugs and deaths - unconfirmed reports (related LLY NVS TEVA PFE )

[11:31] {nemo} Abby Joseph Cohen sees a surge in corporate profits...has that woman ever been right about anything?

[11:36] {ese} no....ese is watching.........just very tired from a performance last weekend.....don't feeli like i'm all here and so should not be making trades

[11:36] {Threei} oh great

[11:37] {Threei} that's why FITB is so wek today

[11:37] {Threei} ese is not supporting it

[11:37] {magoo} just once she was..in like 1998

[11:37] {nemo} so it's ese's fault

[11:37] {Threei} yes

[11:37] {nemo} musicians

[11:37] {Threei} they are the worst

[11:38] {Threei} next chance I get, I'll pour 2 bottles of vodka in him and make him promise he buys 1 mil of shares of FITB daily

[11:52] {Threei} Short Setup: RMBS .20

[11:52] {Threei} if stays below .30

[11:53] {Threei} just a scalp, feel free to cover

[11:54] {Threei} hit 1:1 in one sharp bar

[11:57] {nemo} rmbs maybe setting up agin

[12:04] {Threei} FITB finally reversed

[12:05] {Threei} oh well

[12:05] {jfjf64} no ese no fitb

[12:06] {Threei} yeah

[12:06] {Threei} ok, looking at WFC,

[12:06] {Threei} it's eaither .80 break short

[12:06] {Threei} or .90 break long

[12:06] {Threei} whichever comes first

[12:07] {jfjf64} ya drinkin

[12:08] {jfjf64} lol

[12:08] {Threei} what makes you think so? (gulp)

[12:09] {jfjf64} ese laid up know ya drinkin what up

[12:10] {jfjf64} need dino to drive boat

[12:12] {dino} :)

[12:16] {Threei} Prez on TV

[12:16] {dino} when isn't he

[12:17] {Threei} lol

[12:18] {ese} hey jf......no my high school

[12:18] {Threei} President Obama: Does not support any caps on damages from healthcare lawsuits, calls fear of lawsuits a "real issue" for doctors - speaking before the AMA

[12:19] {ese} thythm and blues band had a show

[12:19] {ese} in Vancouver on the weekend and it was a late

[12:19] {ese} show saturday night that i haven't fully recovered from yet

[12:19] {ese} drinkin would have been earsy to recover from

[12:22] {dino} you're getting old es, lol

[12:23] {ese} definately

[12:24] {ese} but with my new cobras'.....can still put a 3 iron 210.......and tee it up to 270

[12:25] {ese} hangin in there

[12:25] {dino} 3 iron 270 from tee, nice

[12:25] {nemo} rmbs recovered

[12:26] {chinggis} Vad JAZZ pullback playable?

[12:27] {Threei} can't tell here... I would do this about JAZZ:

[12:27] {Threei} lave it alone for now,

[12:27] {Threei} return to watch it closer to end of day

[12:27] {Threei} or if it returns to the high

[12:27] {Threei} I have feeling it may not be done yet,

[12:27] {Threei} but at this point it's in digesting state of mind

[12:28] {Threei} chewing up both, longs and shorts

[12:28] {Threei} and waiting to see who has more resolve

[12:28] {Threei} don't want to get chewed up here :)

[12:28] {chinggis} ok TY

[12:30] {ese} driver from the tee 270

[12:32] {jfjf64} goin to us open sat ese bethpage

[12:33] {Threei} WFC hit 1:1 quickly

[12:33] {Threei} anyone?

[12:33] {jfjf64} yup

[12:33] {Threei} :)

[12:33] {jfjf64} ty

[12:33] {jfjf64} gulp

[12:33] {Threei} lol

[12:35] {jfjf64} im countin 5/5 today keep drinkin

[12:38] {Threei} wow

[12:38] {Threei} wtg

[12:39] {dino} gj

[12:41] {jfjf64} hpq .02 trigger here

[12:41] {ese} hey jf........will be watchin it on the telee....you going

[12:42] {jfjf64} yup 20 min from where i live

[12:42] {ese} NICE!!!!!!!!

[12:42] {ese} i wish

[12:45] {ese} would love to see a major some time.......closest i've been is the 94 British open that Nick Price won.....I played the course "Turnberry" the next weekend. All but 2 of the pins were the pins they had for the open

[12:46] {ese} shot 84.......very exhillarating

[12:47] {jfjf64} 84 nice

[12:47] {ese} ok....are you ready for this......this will be hard to believe????

[12:47] {ese} i was on????????

[12:48] {ese} my hooneymoon!!!!!!!

[12:48] {jfjf64} wow

[12:48] {jfjf64} ya better stay with her

[12:49] {jfjf64} lol

[12:49] {ese} indeed...beautifull clubhouse......my wife sat in luxury reading and being catered to for 5 hours

[12:50] {jfjf64} im a ticket broker also so i get to go to all that stuff

[12:50] {ese} again..........NICE!!!!!!!!!

[12:52] {ese} yup.....i can remember the Turnberry club house like it was yesterday.......Locker rooms were all decked out in green marble.......made my house look like something out of "Slumdog Millionaire"

[12:53] {jfjf64} different world maybe one day

[12:54] {ese} for sure.....hope to get back there though.......maybe you dino and I........Scotish golf tour ehhhh?

[12:54] {jfjf64} gettin alot of rain here hopefully by weekend clears out

[12:55] {jfjf64} sure take vad with us

[12:55] {Threei} me no golfer

[12:55] {ese} indeed...... he can do the crab fishing for dinner!

[12:55] {jfjf64} luv crabs

[12:58] {ese} Ok....i'm starting to come to life mentally here.......just in time to go administer one of my math exams.....

[13:14] {Threei} Moodys cuts Ohio GO rating to Aa2 from Aa1

[13:14] {Threei} can we short Ohio?

[13:26] {Threei} WSJ: Fed economist claims US close to full capacity, has doubts on economy's slack

[13:26] {nemo} huh?

[13:26] {Threei} don' get it either

[13:29] {Threei} S&P raises Ecuador rating to CCC+ from SD

[13:29] {Threei} ok, so the game is clear now

[13:29] {Threei} short Ohio, long Ecuador

[13:30] {magoo} symbols??

[13:30] {Threei} OH and EC

[13:30] {Threei} oops, there is EC

[13:30] {Threei} lol

[13:31] {Threei} EECK then

[13:31] {vinod} my guess down over 300 point

[13:32] {dino} pnra stopped .19, +.10

[13:32] {dino} 919 gap filled

[13:32] {Threei} Fed's Fisher: Deflation is just as bad as inflation - tv interview

[13:33] {Threei} heh

[13:33] {Threei} wisdom from high above

[13:33] {Threei} 'too much slack' exists in US economy

[13:33] {Threei} hmmm

[13:34] {Threei} WSJ: Fed economist has doubts on economy's slack

[13:34] {Threei} what the heck are these guys talking about?

[13:35] {Threei} - Comments that does not expect the Fed to tighten rates in the near future

[13:37] {ese} outta here all see ya tomorrow........make sure you study.....because i'm giving you my gr10 math exam

[13:37] {jfjf64} later ese

[13:38] {Threei} take care ese

[13:38] {ese} later

[13:38] {ese} see ya vad

[13:42] {_levelseven} sppi still hangin around

[13:43] {Threei} yeah, same idea as JAZZ

[13:43] {Threei} subject of interest later on

[13:43] {Threei} lwt it digest for now

[13:44] {_levelseven} if the mkt would rally a bit...

[13:45] {Threei} that seems to be a tall order today, lol

[13:45] {Threei} although.. look how there is no volume on this red day

[13:45] {nemo} tndm on 5 minute chart

[13:48] {magoo} setting up for dino's infamous call "turnaround tuesday"

[13:49] {Threei} with this volume on retreat, I wouldn't be suprised

[13:49] {Threei} and I would expect a snaback to be quite violent

[13:50] {Threei} what is better way to kill shorts than to encourage them by such red bar,

[13:50] {Threei} then open with gap up and never look back

[13:51] {nemo} Wonder what time the PPT shows up today

[13:52] {vinod} they going to show up on short side today

[13:52] {Threei} if they want the trap to be perfect, they won't

[13:52] {Threei} they'll let bears have their day

[13:52] {Threei} lure them in overnight holds,

[13:53] {Threei} trap them by gap up

[13:53] {Threei} and push as hard as possible to force them cover and add fuel

[13:53] {magoo} i feel bad for the cute lil bears

[13:53] {Threei} if I were PPT head, that's how I would murdered them

[13:54] {vinod} I thought short are already dead.

[13:54] {wulff} "They," I assume are people with more money then I?

[13:56] {dino} turnaround tuesday?

[13:57] {Threei} STSI Reportedly jury is set to hear closing arguments in case against Reynolds today (4.46, -0.02, -0.45%) (related RAI )

[13:57] {Threei} THEY wulff... you know...

[13:57] {Threei} powers that be

[13:58] {wulff} the borg

[13:58] {Threei} the who?

[13:58] {nemo} star trek

[14:00] {Threei} look at this sneaky move by SPPI

[14:01] {magoo} [13:49] {magoo} setting up for dino's infamous call "turnaround tuesday"

[14:05] {Threei} SPPI seems to becoming a runner candidate

[14:06] {Threei} I'd like to see one more little retreat before breaking the high

[14:06] {Threei} and I wouldn't be surprized to see 7 today

[14:06] {jfjf64} i lk when ya see the future

[14:07] {Threei} unless it's hallucination

[14:10] {Threei} high is abouit the get tested

[14:16] {Threei} OK, here is our retreat

[14:16] {Threei} want it to be not too deep

[14:16] {Threei} then return to above .30 and break

[14:17] {Threei} ideally, we never lose .10- .15

[14:17] {jfjf64} ya lost me what is trigger pls

[14:18] {Threei} .33 - .35

[14:18] {jfjf64} k

[14:19] {dptl} have a good evening all

[14:19] {Threei} take care dp

[14:19] {jfjf64} what was that

[14:19] {Threei} out of bounds print

[14:20] {Threei} real low is .10

[14:24] {dino} qcom l .00, last try

[14:27] {jfjf64} de l.02

[14:31] {jfjf64} no good

[14:34] {_levelseven} hw hi did sppi get in that move a little while ago?

[14:35] {Threei} .32

[14:35] {Threei} with a few prints out of bounds

[14:36] {vinod} market is down on small to no volume today

[14:36] {Threei} yup

[14:37] {_levelseven} sqnm fell outta bed

[14:37] {vinod} better luck tomorrow have a good evening see you tomorrow

[14:38] {Threei} take care vinod

[14:43] {Threei} with this pullback, want to look for entry better than day high

[14:44] {Threei} could take a few tries but better risk than wait for another run at highs

[14:44] {Threei} 6.10 break if holding above 6

[14:45] {chinggis} which stock Vad?

[14:46] {Threei} SPPI

[14:46] {chinggis} TY

[14:51] {jfjf64} someone lk to tell sppi the market still open

[14:51] {nemo} sqnm VAD

[14:55] {Threei} starts looking like turning point for it

[14:55] {Threei} if pulls back closer to .70, worth a try

[14:56] {Threei} with stop under .65

[14:58] {jfjf64} jazz got the look

[14:59] {jfjf64} nice vol

[14:59] {Threei} first strength from here, SQNM

[15:05] {wulff} again the market never ceases to impress me

[15:05] {wulff} with its wierdness

[15:05] {jfjf64} jazz settin up again

[15:05] {Threei} that's what it does best wulff

[15:06] {jfjf64} goin to test highs

[15:06] {wulff} it being a representation of the collective

[15:06] {wulff} and we being the collective

[15:07] {nemo} Oh great, the Borg again

[15:07] {wulff} we are hence weird...

[15:07] {Threei} thus we are weird

[15:07] {wulff} and unstable

[15:07] {Threei} I disagree

[15:08] {Threei} I am very stable in my weirdness

[15:08] {dino} one of seven

[15:08] {dino} bprg that is

[15:08] {dino} borg

[15:08] {nemo} wullf might have a point...you're consistent though

[15:10] {Threei} oh, and I am very weird in my stability

[15:10] {_levelseven} like watching grass grow

[15:11] {nemo} ?

[15:11] {Threei} it's those green shoots, l7

[15:11] {nemo} like listening to Vad's jokes

[15:11] {nemo} :)

[15:11] {_levelseven} mkt maybe bouncing

[15:11] {Threei} you be careful nemo... people who venture too far against my jokes risk to be subjected to listenting to my poetry

[15:12] {nemo} After threee....the PPT

[15:12] {Threei} and trust me... you don't want that

[15:12] {_levelseven} sppi trying to tell us something

[15:12] {nemo} There was a man from Ukrain...who thought he had a very big brain

[15:13] {Threei} well well well... I think we are about to see the ultimate in torture: having been made to listen to my SINGNING

[15:13] {jfjf64} he watched his level 2

[15:13] {nemo} hehehehehehehehehe

[15:13] {dino} and kicked it w/his shoe

[15:14] {Threei} there were rare individuals of almosy inuman strength who survived my poetry

[15:14] {jfjf64} jazz alert

[15:14] {nemo} I read that while drinking over the keyboard...not good

[15:14] {Threei} but no one managed to live through my singing yet

[15:14] {nemo} There was a trader named Vader

[15:15] {jfjf64} in .48 jazz

[15:15] {dino} who had a gal and he did hate her

[15:16] {nemo} so he started to recite

[15:16] {Threei} wow... I may be not the worst at it

[15:16] {dino} i don't want to fight

[15:17] {nemo} ...said she in a terrible fright

[15:17] {_levelseven} zzzzzzzz

06[15:18] * nemo slaps _levelseven around a bit with a large alarm clock

[15:18] {Threei} half out SQNM

[15:18] {Threei} scalpers takwe profit

[15:20] {jfjf64} 1/1 jazz

[15:20] {Threei} nice jf

[15:21] {dino} qcom stopped flat sheesh

[15:21] {jfjf64} allout

[15:21] {jfjf64} ty

[15:24] {jfjf64} pull bk to .20 wd be good

[15:27] {Threei} Elliott Wave's Prechter: The US will likely loose its AAA rating by the end of 2010, sees S&P500 falling well below March 6th interday low by end of 2009 or early 2010

[15:28] {Threei} Elliott Wave?

[15:28] {_levelseven} any other uplifting news?

[15:28] {Threei} what the deuce is that outfit?

[15:28] {nemo} well, as long as we can make money on the short side

[15:28] {nemo} Geometry of stock movement

[15:28] {Threei} that I know... what business do they have predicting ratings of countries?

[15:28] {Threei} what does it have to do with technical analysis

[15:29] {Threei} especially with such woodoo brand of it

[15:29] {Threei} voodoo too

[15:29] {Threei} feel free to exit second half of SQNM as you see fit

[15:29] {Threei} nice and easy play

[15:29] {Threei} also, I will venture to suggest:

[15:30] {Threei} anyone who in this climate thinks he can forecats what is going to happen "by end of 2009 or early 2010" is delusional

[15:30] {wulff} yup

[15:30] {nemo} I know what's happening in 2012

[15:30] {_levelseven} stocks picking up

[15:30] {Threei} in reality it's a simple case of:

[15:31] {Threei} forecast must be long enough for people to forget,

[15:31] {Threei} then if it pans out, author will remind and copy/paste,

[15:31] {Threei} if not - no one will ever hear about it

[15:35] {nemo} PPT a few minutes early?

[15:36] {nemo} or just shorts covering like rats from a sinking ship?

[15:36] {Threei} {PPT} by whose standards? we are on our own schedule

[15:37] {nemo} I'm on martian time myself

[15:37] {wulff} remind me, PPT

[15:37] {nemo} Plunge Protection Team

[15:37] {jfjf64} bounce

[15:37] {wulff} Peters party tray

[15:37] {Threei} mythical creature from nemo's feverish fantasies

[15:38] {nemo} whoa

[15:38] {nemo} Must be true, I heard it on CNBC

[15:38] {jfjf64} jazz .64 trigger

[15:39] {Threei} nice

[15:40] {jfjf64} half out

[15:41] {Threei} my plan for SPPI:

[15:42] {Threei} stop is still under 6,

[15:42] {Threei} feering half above 6.20,

[15:42] {Threei} willing to cary it overnight if no resolution today or after hours

[15:42] {jfjf64} 1/4 out

[15:42] {_levelseven} been stuck in the mud

[15:42] {jfjf64} stop to .70 last

[15:43] {Threei} beautiful management jf

[15:43] {Threei} your trading is very very different from what it was just a couple short months ago

[15:43] {jfjf64} ty pirate ya

[15:46] {jfjf64} startin to sink in

[15:47] {Threei} not too complicated when you get right down to it, eh

[15:47] {Threei} not easy to execute, buit not complicated

[15:50] {_levelseven} sppi miserable range

[15:50] {jfjf64} keep it simple tk what it gives us but correct not easy to executive

[15:50] {dino} gj jf

[15:51] {jfjf64} thank all ya guys best show in town

[15:54] {Threei} wow

[15:54] {Threei} look at today's volume

[15:55] {Threei} what is it, less than half?

[15:55] {nemo} I've got about 60% DOW 75% NAS 55% S&P

[15:55] {Threei} ty

[15:56] {jfjf64} guess lot of people took long weekend

[15:56] {nemo} Summer

[15:58] {Threei} okay guys

[15:58] {Threei} not ourtstanding but profitable day

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {nemo} P&Q

[15:59] {jfjf64} n all

[16:00] {fernp} good evening all

[16:01] {magoo} ty all

[16:02] {dino} gn all