Jul 02 2009
What was expected to be an empty boring pre-holiday trading all of a sudden turned into very nice profitable day. ELN, AIG, ILMN, MTXX, and even had a chance for a quick educational overview of AIG trap - look the log around 10:48, right after we finished AIG bounce play.
Happy 4th of July!
Session Time: Thu Jul 02 00:00:00 2009
[08:30] {jfjf64} mornin
[08:30] {nemo} yep
[08:30] {BillyD} gm
[08:34] {Threei} Good morning
[08:35] {Threei} JUN CHANGE IN NONFARM PAYROLLS: -467K V -367KE; CHANGE IN MANUFACTURING PAYROLLS: -136K V -150KE
[08:35] {Threei} - Prior nonfarm payrolls revised from -345K to -322K (second month of upward revisons)
[08:35] {Threei} INITIAL JOBLESS CLAIMS: 614K V 615KE; CONTINUING CLAIMS: 6.702M V 6.740ME
[08:35] {Threei} - Prior jobless claims revised from 627K to 630K
[08:36] {Threei} JUN UNEMPLOYMENT RATE: 9.5% V 9.6%E
[08:36] {Threei} JUN AVERAGE HOURLY EARNINGS M/M: 0.0% V 0.1%E; AVERAGE WEEKLY HOURS: 33.0 V 33.1%E
[08:36] {Threei} - Average Hourly Earnings Y/Y: 2.7% v 2.9%e
[08:37] {Threei} (EU) ECB's Trichet: Reiterates current rates are appropriate, negative CPI in June is in line with ECB's prior expectations
[08:37] {Threei} - reiterates gradual recovery seen in 2010., growth returning after stabilization
[08:37] {Threei} - reiterates negative inflation only termporary, expects price stability over medium term
[08:37] {Threei} - latest data confirms ECB's expectations
[08:37] {nemo} am I back?
[08:38] {Threei} let's see
[08:39] {nemo} thunderstorms knocked out power momentarily
06[08:39] * Threei slaps nemo around a bit with a large testing trout designed to determine one's exact location
[08:44] {fernp} good morning to all
[08:44] {Threei} fern :)
[08:44] {nemo} fern :)
[08:49] {Alw} gm
[08:52] {nemo} whoa...look at the futures
[08:54] {Threei} alw :)
[08:59] {dino} gm all
[08:59] {Threei} dino :)
[09:03] {Threei} WFC getting chewed
[09:03] {nemo} FCX RIMM getting chewed too
[09:04] {nemo} It's the end of the world as we know it...and I feel fine....pass me a paxil, would ya'?
[09:05] {Threei} end of the world today??
[09:06] {Threei} I didn't plan for that
[09:06] {nemo} and I stopped drinking...oy
[09:06] {Threei} why no one told me
[09:06] {Threei} I would have spent yesterday much more productively
[09:06] {nemo} think you're somebody special
[09:06] {nemo} it's raining elephants and Rhino's here
[09:09] {_johnnyj} 20,000 Leagues Under the Sea ....kind of rain, Nemo?
[09:11] {Threei} lol
[09:16] {nemo} yeah
[09:17] {nemo} dino, you getting to the office by boat?
[09:18] {dino} soon nemo, rains aboutevery 12 hours for 6-8 weels
[09:18] {Threei} I feel ashamed... we have total paradise here
[09:19] {BillyD} no you don't lol
[09:19] {BillyD} I can see you grinning
[09:19] {nemo} same here Dino
[09:19] {Threei} true
[09:19] {Threei} hmm... I don't have much in a sense of trading candidates
[09:19] {BillyD} I don't feel shame in AZ
[09:20] {BillyD} although the overcast is welcome here today
[09:20] {BillyD} ELN acyoive
[09:20] {BillyD} active
[09:20] {nemo} don't expect much today vad
[09:20] {BillyD} NVAx short possibilities
[09:21] {magoo} morning
[09:21] {ese} GM
[09:21] {ese} mags
[09:21] {Threei} magoo, ese :)
[09:21] {ese} hey vad
[09:21] {Threei} ELN had news
[09:21] {BillyD} yes
[09:22] {Threei} JNJ to purchase assets and rights of ELN's alzheimer's program for $1B
[09:22] {Threei} - Announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of the assets and rights of Elan related to its Alzheimer's Immunotherapy Program (AIP Program), through a newly formed company. In addition, JNJ, through its affiliate, will invest $1B in Elan in exchange for newly issued American Depositary Receipts (ADRs) of Elan which will represent 18.4% of Elan's outstanding ordinary shares.
[09:22] {Threei} Elan Corp PLC CEO: Approx 30 companies were at one point interested in discussions of strategic alternatives
[09:22] {Threei} - Notes that the deal with JNJ will help company cut debt by 70% to $400M
[09:22] {Threei} CFO: Expect to be pretax profitable by end of 2010
[09:22] {Threei} - Deal with JNJ to cut cost by up to $100M/year
[09:22] {Threei} - Deal with JNJ meets all strategic deal goals
[09:23] {Threei} this one on watch of course
[09:23] {Threei} want some pullback
[09:23] {Threei} NVAX, want to see little bounce after the open
[09:23] {Threei} then short it as life goes out of it
[09:30] {Threei} ELN pulling back a bit
[09:31] {Threei} so far so good
[09:31] {Threei} high after open is .35
[09:31] {Threei} want it to stabilize and form little range
[09:32] {Threei} Long Setup: ELN .20 break if holding above .10
[09:32] {magoo} in .23
[09:32] {jfjf64} in 24
[09:33] {Threei} market more weakness... killing NVAX before we got a chance for entry
[09:33] {Threei} and holding ELN down
[09:33] {magoo} ruining ELN too
[09:34] {jfjf64} ouch
[09:34] {Threei} it hit over .30 but did it way too fast
[09:34] {Threei} no worky
[09:34] {nemo} RIMM holding fairly well
[09:34] {magoo} my quotes so slow never had chance to exit
[09:35] {jfjf64} tza l .19
[09:35] {nemo} likes the leveraged shorts
[09:36] {Threei} White House Romer: Jobs data was 'disappointing'
[09:37] {Threei} expect the economy to start turning towards the better by the end of the year - CNBC interview
[09:37] {nemo} end of which year?
[09:38] {Threei} hectic ELN...
[09:38] {magoo} im waiting .47
[09:38] {Threei} wants up badly, market undermines it
[09:38] {BillyD} it jumps by .07
[09:38] {magoo} yea
[09:38] {level777} loELN trades like we're still in the days of 1/32s and 1/16ths
[09:39] {cosmo} eslr 2.32 hod
[09:39] {cosmo} might test
[09:39] {jfjf64} 1/1 tza
[09:39] {jfjf64} 1/4 out .38
[09:39] {Threei} Long Setup: ELN .10 break
[09:40] {Threei} if stays above 8
[09:40] {magoo} if it loses 8 im out
[09:40] {level777} movin too quick
[09:41] {jfjf64} stop to .40 last 1/4
[09:41] {Threei} 1:1, half out or scalp
[09:41] {jfjf64} ty
[09:42] {jfjf64} allout tza
[09:42] {Threei} good one
[09:42] {vinod} goood morning
[09:42] {magoo} look at RIMM
[09:42] {magoo} sheesh
[09:42] {nemo} yeah
[09:42] {vinod} I am losing today. they stop my 401K matching contribution
[09:43] {jfjf64} tna l .75
[09:44] {_johnnyj} rimm squeeze
[09:44] {dino} sorry vin
[09:44] {nemo} rimm stopped short of pivot
[09:45] {jfjf64} ouch
[09:45] {Threei} offering 1/4 more ELN .33
[09:45] {jfjf64} nice
[09:46] {Threei} not yet
[09:46] {jfjf64} now
[09:46] {ese} eln taking off....nice boys and girls
[09:47] {Threei} now yes, nice
[09:47] {Threei} offering last portion 8.55
[09:47] {Threei} maybe too greedy
[09:47] {jfjf64} hmmm
[09:47] {Threei} but with trading these days we get too few chances, so I am trying to milk this one as much as possible
[09:48] {Threei} OK, NVAX, two ways to play it
[09:48] {jfjf64} look tna had stop wrong spot im sickkkkkkkk
[09:48] {nemo} tna or tza
[09:49] {dino} acor l .50
[09:49] {Threei} one is 2.75 break short if stays under .85
[09:49] {Threei} another is to on, this one is ruined
[09:49] {Threei} umm
[09:49] {Threei} this one is ruined
[09:49] {Threei} another is to wait for new resistance to form
[09:50] {Threei} natural one is 2.90
[09:50] {Threei} but we need trigger too
[09:50] {Threei} not very clear for now
[09:50] {Threei} waiting
[09:50] {Threei} go ELN, will ya
[09:50] {Threei} here here little birdie
[09:51] {jfjf64} nemo tza had earlier tna got stopped sd of had larger stop
[09:52] {magoo} im thinking high .60 area
[09:52] {nemo} for what mags?
[09:52] {jfjf64} eln
[09:52] {magoo} eln
[09:52] {Threei} direct hit
[09:52] {dino} out acor .63, +.13
[09:52] {Threei} out last portion +.43
[09:53] {jfjf64} ther ya go
[09:53] {jfjf64} i hv to start milkin these cows
[09:53] {Threei} frikin NVAX dropped right off .90
[09:53] {Threei} with no warning
[09:54] {BillyD} it looked like it might break .90
[09:54] {Threei} yeah
[09:54] {dino} gj 3i
[09:54] {Threei} and then someone unplugged it
[09:54] {Threei} ty dino
[09:54] {Threei} now it moves for magoo
[09:55] {Threei} mags, you partialed any?
[09:55] {BillyD} my charts lately do not update
06[09:55] * Threei slaps magoo around a bit with a large manual titled Risk Control - Don't Leave Home Without It
[09:55] {BillyD} updates after switching server
[09:56] {Threei} fine here
[09:56] {BillyD} what server
[09:56] {Threei} DCGN Hearing shares ticking higher on the back of partnership chatter (0.62, 0.07, 12.73%)
[09:56] {Threei} Quote 7, chart 2
[09:57] {BillyD} ty
[10:00] {ese} full day ro half day...us markets?
[10:00] {dino} i show s/p gap 895 fwiw, ndx 1424; 6/23
[10:00] {nemo} full day..but half day
[10:01] {ese} full day in a half day?
[10:01] {dino} acor l .25
[10:01] {Threei} lol
[10:01] {nemo} full market day, betting most gone by lunch
[10:01] {Threei} full day formally, half day of actual trading - if we are lucky
[10:02] {nemo} yeah...what he said
[10:02] {jfjf64} lets hit em hard boyss when we got em
[10:02] {nemo} careful they don't hit back
[10:03] {jfjf64} tivo l .47
[10:05] {jfjf64} invalid
[10:06] {BillyD} AIG salmon
[10:06] {dino} feeling .30 tivo
[10:06] {Threei} BCON Reportedly US DOE has offered a conditional $43M loan gaurantee facility (0.88, 0.09, 11.39%)
[10:07] {jfjf64} grrr missed tza .50 break grrr
[10:09] {Threei} sheesh AIG
[10:09] {Threei} thought of 19 break
[10:09] {BillyD} thought of .75 here :(
[10:09] {jfjf64} grrrr aig
[10:09] {nemo} Vad told me not to think...
[10:10] {BillyD} if/thens are ok
[10:10] {nemo} IF I think THEN Vad yells at me
[10:10] {BillyD} lol
[10:11] {dino} tivo holds
[10:12] {dino} acor stopped -.30
[10:12] {jfjf64} ilmn c/h
[10:12] {jfjf64} ?
[10:13] {nemo} I wouldn't think so
[10:13] {Threei} .80 break, worth a try
[10:13] {Threei} but half lot
[10:13] {Threei} this one can bite your head off
[10:13] {nemo} handle almost as deep as cup
[10:14] {jfjf64} in.82
[10:14] {Threei} stop under .70
[10:15] {dino} wynn l .50
[10:15] {Threei} see how volatile it can be?
[10:15] {Threei} that's why half lot
[10:15] {jfjf64} y
[10:15] {Threei} AIG deep pullback
[10:16] {Threei} 1:1 ILMN
[10:16] {jfjf64} 1/1
[10:16] {Threei} 1:2
[10:16] {Threei} 1:1 again
[10:16] {Threei} lol
[10:16] {Threei} 1:2 again
[10:16] {Threei} gotta have it laid out
[10:16] {jfjf64} woooooo
[10:16] {Threei} 1:4
[10:17] {Threei} 1:2
[10:17] {jfjf64} out
[10:17] {Threei} I am having fun
[10:17] {nemo} seasick
[10:17] {nemo} my elevator doesn't go to the top floor anyway
[10:18] {jfjf64} ya still sittin with piece
[10:21] {Threei} US) Senators Dodd and Kennedy (D): Have put forward additional Health Care Plan, to cover 97% of US workers
[10:21] {Threei} - Plan to cost $611B over 10 years
[10:21] {Threei} - Companies to pay $750 for each worker not covered
[10:27] {ese} morning bottom? If so ...time for me to start dabling in INTC again
[10:27] {nemo} could be it for the day
[10:28] {jfjf64} entry where ese
[10:29] {ese} anywhere between .80 and .85
[10:29] {jfjf64} lk .86
[10:30] {ese} just watching the "comp" to see if it goes above 1802
[10:30] {ese} then comes back to that number
[10:30] {Threei} AIG... if drops sharply into 18.60 - .70 area, will be interesting for bounce
[10:31] {jfjf64} c/h bgz .19
[10:33] {Threei} lol
[10:33] {ese} L intc .85
[10:33] {Threei} CNN asked viewers for suggestions on job creation
[10:34] {Threei} you should hear some of those
[10:34] {Threei} make pumping own gas illegal so gas stations have to hire people
[10:34] {jfjf64} bgz invalid
[10:34] {Threei} build high speed train all over USA
[10:34] {Threei} I have a suggestion too:
[10:35] {Threei} get out of the way
[10:35] {Threei} and let business work
[10:35] {Threei} instead of mandating jobs
[10:36] {nemo} missed C&H on RIMM
[10:36] {Threei} if that worked USSR would be mightiest country in the world today
[10:36] {jfjf64} aig 2x 19 break vad
[10:36] {Threei} no
[10:36] {jfjf64} k
[10:36] {Threei} doesn't look right to me
[10:38] {jfjf64} ty sensi
[10:38] {nemo} oy
[10:38] {Threei} should have shorted
[10:39] {vinod} VAD-ESLR your opinion
[10:39] {ese} L intc avg still .85
[10:39] {nemo} he hates eslr
[10:39] {ese} i like it
[10:39] {ese} have 6k of it avg price 3.30
[10:40] {Threei} ESLR JPMorgan Raised ESLR to Overweight from Underweight
[10:40] {vinod} he does not like solar?
[10:40] {Threei} question is ese...
[10:40] {jfjf64} bounce aig yet
[10:40] {Threei} you have 6K of it because you like it
[10:40] {Threei} or you like it because you have 6K of it? :)
[10:40] {Threei} not sure about it here vinod
[10:40] {Threei} this thing needs nice momentum to move
[10:41] {ese} no because the four year outlook is $30/45
[10:41] {vinod} ty
[10:41] {Threei} and at the moment it doesn't seem to have any
[10:41] {jfjf64} ..73 l aig
[10:41] {Threei} AIG almost ready
[10:42] {ese} they are one of the few companies hiring these days....have a sh%$ load of orders to last 3/5 years.....have to build another plant to take care of it all
[10:42] {jfjf64} k
[10:42] {jfjf64} entry when ya ready ty
[10:42] {Threei} .60 break if holding .50
[10:42] {nemo} esl looking short
[10:43] {ese} just a matter of time for eslr as far as i'm concerned
[10:43] {ese} i'm thinking 6/10k now and just forget about it
[10:44] {ese} wake up one morning and go....heeeeyyyyy cool.....look what i have
[10:44] {jfjf64} in .62
[10:44] {Threei} not a scalp AIG, intend to partial as it moves
[10:44] {Threei} (if it moves)
[10:45] {Threei} 1:1
[10:46] {Threei} 1:2
[10:46] {BillyD} out in full ty
[10:46] {Threei} 1:3, me out
[10:46] {Threei} 1:4
[10:46] {BillyD} well played
[10:46] {jfjf64} wowww
06[10:46] * Threei pats himself on the back
[10:46] {BillyD} we should have a pat on the back button
[10:47] {Threei} {_johnnyj} but your feel for the market was amazing
[10:47] {Threei} still is!
06[10:47] * nemo slaps Threei around a bit with a large "Good on ya' DUDE!!!"
[10:47] {jfjf64} ty nice entry ya dog
[10:47] {ese} nice plan as always 3i
[10:47] {Threei} ty
[10:48] {jfjf64} it was good plan of attack
[10:48] {nemo} Only problem now, is he's spent so much time slapping himself on the back his shoulder is permanently dislocated
[10:48] {magoo} nie vad ty
[10:48] {BillyD} AIG was low risk
[10:48] {Threei} just too bad we haven't shorted that trap attempt of breakout at 19
[10:48] {Threei} how is it a problem nemo?
[10:48] {Threei} frees me from garden work
[10:48] {jfjf64} was big trap i hd finger on trigger
[10:48] {nemo} yeah, you can drink with your other hand
[10:49] {nemo} doesn't help your typing though
[10:49] {jfjf64} thinkin lk a sucker
[10:49] {Threei} quick educational retreat jf,
[10:49] {BillyD} sheesh....my .35 ELN short earlier making me cry
[10:49] {nemo} then again, nothing could help your typing
[10:49] {Threei} take a look at 1 min,
[10:49] {Threei} I will try to show why I hated it
[10:49] {jfjf64} k 1 min up
[10:50] {Threei} draw mentally the declining line from the top at 19.5 and next top of the bounce around 19.25
[10:50] {BillyD} nice pt Vad
[10:50] {Threei} see how that bounce into 19 runs right into that linbe?
[10:51] {BillyD} there is our education lesson for the week
[10:51] {Threei} what we have is established downtrend on one min,
[10:51] {Threei} and stock bounces into upper line of the channel.
[10:51] {Threei} Now,
[10:51] {Threei} have a look at volume
[10:51] {Threei} from 10:31 to 10:40
[10:52] {Threei} see how volume decreases on this bounce?
[10:52] {Threei} perfect bear flag running into descending channel resistance
[10:52] {jfjf64} see
[10:53] {Threei} absolute trap for breakout buyers - UNLESS stock stalls here and consolidates long enough to ruin the descending channel formation
[10:53] {Threei} now, realize one thing here,
[10:53] {Threei} not practically important right now but something to remember for the future
[10:53] {BillyD} Vad, do you have chart patterns on your website
[10:54] {nemo} short on eslr working
[10:54] {Threei} at the moment of you asking or me looking for other reasin at the chart I am not able to put it all in words
[10:54] {Threei} I just see it as a general perception from the look of the chart
[10:54] {nemo} that's where your 3rd eye comes in
[10:54] {Threei} if you want me to break it down, it will happen kater, not in the "heat of the battle"
[10:54] {BillyD} just curious....I see what u are saying
[10:54] {Threei} and that's what you want to arrive at eventually
[10:55] {Threei} threough many trades and charts and analysis, it wil be come kind of second nature
[10:55] {Threei} no Billy
[10:55] {jfjf64} comon billy ya broke his stride lol
[10:55] {Threei} they are quite standard
[10:55] {Threei} I have them in both TTR and MPP
[10:55] {BillyD} tight
[10:56] {BillyD} right
[10:57] {Threei} you know your intuition kicks in when yiou just glance at the chart and say I like it or I hate it
[10:57] {Threei} we had two perfect examples today... AIG 19 break and ILMN .80 break
[10:58] {Threei} 19 break becomes valid trade
[10:59] {Threei} stop under 18.90
[10:59] {jfjf64} aig playin 19 song again
[10:59] {Threei} market time maybe not the best
[10:59] {Threei} but 10 cents risk?
[10:59] {magoo} in
[11:00] {Threei} it didn't break yet
[11:00] {jfjf64} comon buyers 19 19 19
[11:00] {nemo} since when is that important to Magoo?
[11:00] {magoo} aggressibve
[11:00] {nemo} no volume though
[11:01] {Threei} in this case I wouldn't go for anything but actual break
[11:01] {BillyD} ELN may break 8
[11:01] {magoo} ok out -.02
[11:09] {jfjf64} the 3rd time we hit this 19 we bust down the wall mr. vad
[11:09] {Threei} don't know... have to see how it happens
[11:09] {jfjf64} agree
[11:10] {jfjf64} get ready
[11:10] {ese} compx is starting to look like a rounded botom to me......which you usually means from a tech analysis point of view.....it will really take off at some point later in the day
[11:11] {ese} you usually means?
[11:11] {ese} usually means....
[11:11] {ese} yes/no?
[11:12] {ese} nahhhh forget it....it's starting to straighten out
[11:12] {Threei} in general yes, ese... it's just that market loses will to live
[11:13] {Threei} actually, I am amazed it lasted as long as it did, lol
[11:13] {ese} true indeed
[11:13] {jfjf64} aig
[11:13] {magoo} dammit
[11:13] {Threei} just a scalp, IMO
[11:13] {Threei} don't hang around too long
[11:13] {jfjf64} in02
[11:13] {magoo} went 19.01 only got partyial
[11:14] {Threei} out
[11:14] {jfjf64} out
[11:14] {nemo} what was your stop under .85
[11:14] {jfjf64} +13 cents
[11:15] {jfjf64} who said today wd be tough
[11:15] {nemo} RIMM short break of .70?
[11:16] {nemo} nevermind....too late
[11:16] {jfjf64} nice read nemo
[11:16] {nemo} poor timing
[11:16] {nemo} should be pour time
[11:17] {Threei} that's actually quite suprising, jf
[11:17] {nemo} what is
[11:17] {Threei} I haven't exoected today to be so productive
[11:17] {nemo} oh
[11:17] {Threei} but... I don't mind at all, lol
[11:17] {nemo} elan acting just like the skis
[11:17] {jfjf64} reads are on
[11:20] {jfjf64} liked to short eln at .85 didnt though will paper trade
[11:25] {jfjf64} papper no work
[11:27] {dino} try rock
[11:27] {jfjf64} or scissor lol
[11:28] {dino} :)
[11:28] {dino} can tell i have kids
[11:28] {Threei} lol
[11:28] {jfjf64} was thinkin same thing
[11:29] {jfjf64} i hv 20 13teen yr old commin over for pool party today!!!!!
[11:30] {dino} gl
[11:31] {jfjf64} aig on the short 19 vad
[11:32] {Threei} can't tell... things become random
[11:34] {jfjf64} on that note callin it a week all enjoy weekend dont want to start over tradin big problem must get over good day my friends
[11:35] {magoo} have good weekend jf
[11:35] {Threei} have a great long weekend jf
[11:36] {jfjf64} lots of stoli for sure
[11:39] {BillyD} eyeballing SPPI short of .30
[11:39] {dino} cya jf
[11:50] {nemo} Geez....Rimm would have been a nice short @ .70
[11:56] {dino} tivo l .24
[12:05] {nemo} Pssssst.....Vad......Vad....ah.....er....mmmmmhhhh....you in coma?
[12:07] {Threei} sigh
[12:07] {Threei} yes
[12:07] {nemo} volume still remarkably high actually
[12:08] {nemo} 75% for DOW and S&P 100% for NAZ
[12:15] {magoo} AIG down here vad?
[12:16] {BillyD} PARD
[12:16] {Threei} not sure mags... right chart, wrong time
[12:20] {BillyD} no short AIG
[12:23] {magoo} long here aig .81
[12:23] {magoo} scalp to .97 hopefully
[12:26] {_johnnyj} rimm testing 70 nemo
[12:26] {nemo} failed
[12:27] {nemo} had ese traded RIMM the way he trades everything else he could have retired after the last few days
[12:27] {nemo} MAGS AIG looks like it's going to stay under it's moving average
[12:28] {magoo} hm
[12:29] {nemo} it's bollinger band moving average
[12:30] {nemo} got a little volume on that drop
[12:31] {magoo} not looking good
[12:31] {nemo} no, no support from the indexes, and Wall Street should be drunk or left by now
[12:32] {dino} so should i
[12:33] {magoo} out F'er
[12:33] {nemo} Shoulda' listened to Vaddy
[12:33] {nemo} Vaddy knows best
[12:33] {Threei} sure
[12:33] {Threei} about what?
[12:34] {nemo} shish-kebab
[12:34] {dino} bacon
[12:45] {nemo} now volumes beginning to drop
[12:48] {BillyD} Who is BOOK ecn on L2?
[12:48] {BillyD} or is it MM
[12:50] {Threei} ECN...
[12:50] {Threei} there were sol many renamings, consoldations
[12:51] {dino} run dmc market; "it's tricky"
[12:51] {Threei} some of them are not real ECNs
[12:51] {Threei} rather kind of conglomerated name
[12:51] {ese} was gone for a bit and didn't even realise it.........comtaose
[12:51] {BillyD} BOOK is all capital letters and so are othe MM's
[12:52] {BillyD} it may be conglomerate like you say
[12:52] {Threei} I long stopped paying attention
[12:52] {magoo} dam..was stalking AIG ..missed
[12:52] {Threei} it just doesn't matter anymore
[12:52] {Threei} remember times when it was crucial to see all the IDs, discern their actions
[12:52] {Threei} intentions
[12:52] {Threei} etc
[12:53] {BillyD} agree, I was bored and thought I would wake you...sorry
[12:53] {Threei} long gone... means nothing
[12:53] {dino} nothing matters
[12:53] {Threei} now... why would anyone want to wake me up... I am peaceful when sleep, and very grumpy and generally unplesant when awake
[12:54] {BillyD} boredom has terrible effect on human reasoning
[12:56] {dino} as does alcohol and scantily clad women
[12:57] {Threei} great... I am wide awake now
[12:59] {Threei} what Billy successfully started, dino has accomplished very effectively
[13:01] {dino} just doing my job
[13:01] {dino} you staying awake, helps me stay awake
[13:16] {Threei} DXPE
[13:16] {Threei} maybe reached the end of the decline
[13:16] {Threei} on daily
[13:17] {Threei} Wells Fargo & Co Notes will accept registered warrants from State of California for deposit today, and no later than July 10
[13:17] {Threei} - Exec: "Were very disappointed, as are many Californians, that California has taken the unfortunate step of issuing IOUs in lieu of its payments to some businesses and individuals, said Lisa Stevens, head of Community Banking for Wells Fargo in California. Wells Fargo has a long history of taking extraordinary measures to help our customers and will accept registered warrants from our customers, but only for a limited time, to allow them time to make other arrangements. We are reluctant to take this step, but are doing so to help our customers who are not at fault and with the expectation that the Legislature and Governor will complete the budget within days. We join all Californians in urging our Legislature and our Governor to take the appropriate steps as soon as possible to resolve this budget crisis."
[13:21] {dino} gotta hop, back in 30(?)
[13:28] {BillyD} PARD quitely strong
[13:29] {BillyD} any thoughts on it Vad
[13:29] {BillyD} needs volume I know
[13:30] {Threei} hard to tell... no pace
[13:30] {Threei} Matrixx Initiatives Inc. FDA releases official inspection record
[13:30] {Threei} - Reminder on 6/16 MTXX received an FDA warning letter on Zicam nasal cold medicine, and that the company must remove the products from the market; in letter FDA commented that usage of Zicam may cause loss of sense of smell and/or taste
[13:31] {Threei} I don't get it
[13:31] {Threei} in current stinking financial and otherwise environment, how can loss of smell be a bad thing?
[13:31] {BillyD} neurotic jellyfish PARD
[13:32] {Threei} lol
[13:32] {Threei} hysterical amoeba
[13:32] {BillyD} yep
[13:40] {BillyD} MTXX straight up
[13:41] {Threei} RU) Russian Pres Medvedev calls for ban on sale and use of incandescent lights over 100W to preserve energy
[13:41] {Threei} - plans to ban manufacture of incandescent lamps over 100 watts starting Jan 1, 2011
[13:41] {Threei} data shows some degree of smell loss in 3.6 cases for every 100K units sold, peak rate at 6.7 cases per 100K in 2004
[13:41] {Threei} - Calls procedures to handle complaints were not followed
[13:47] {BillyD} Vad, u watching MTXX for a play
[13:48] {Threei} it gives scalps but too fast for a call
[13:48] {BillyD} ok
[13:49] {Threei} drop into 6, I would be all over it
[13:49] {Threei} here, it's kind of "hit it if you can read it in time, no way to cal it in advance"
[13:49] {BillyD} I wanted near 6.5 on 1st pullback
[13:56] {Threei} 56% Dont Want To Pay More To Fight Global Warming
[13:56] {Threei} not only can't I blame them... I don't get what the remaining 44% are thinking
[13:57] {nemo} you're assuming they're thinking
[13:57] {dino} .
[14:00] {Threei} White House Press Sec: US President Obama disappointed by the jobs figures released today; there are signs recovery plans are working
[14:00] {Threei} - sees beginnings of stabilization 'taking hold'; yet expecting unemployment to grow
[14:00] {Threei} disappointed eh?
[14:05] {dino} he's always "disappointed" or "deeply concerned"
[14:11] {Threei} can you blame him? world is soo imperfect
[14:12] {Threei} reminds me an ancient joke about old grumpy tailor
[14:12] {Threei} customer ordered trousers, tailor said "2 months"
[14:13] {Threei} guy said, are you crazy, world was created in just a wekk
[14:13] {Threei} tailor, grympy: yeah, and look at this world...
[14:14] {Raven} {------ pearched, looking at world
[14:15] {Raven} perched
[14:15] {Raven} sheesh
[14:15] {nemo} Ha! Reminds me of the Farside Cartoon, "How Birds see the World"
[14:15] {Threei} {--- moves away so he is not positioned directly under the perch
[14:15] {Raven} wise man
[14:15] {nemo} that's how birds see the world
[14:16] {nemo} scary, this asylum has at least three people who think the same way
[14:16] {Raven} asylum it is
[14:19] {nemo} market ekg went flat....................................................................................................................................................................................................................................................................................
[14:23] {ese} the one time i'm away and it doesn't say it.....
[14:24] {nemo} say what ese?
[14:25] {ese} ese is away(auto away)
[14:29] {dino} dino is here (barely)
06[14:33] * nemo is here (in spirit)
[14:33] {_johnnyj} lit match in my right hand - firecracker in my left
[14:34] {nemo} what are you typing with?
06[14:34] * Threei closes his eyes to avoid seeing an answer
[14:34] {_johnnyj} lol.... don't think, trade
[14:35] {dino} lit match in one hand, gasoline can in other, dangerous situation (fire marshall bill)
[14:36] {nemo} Hey, Vad...better scratch this log after noon
[14:36] {dino} scratch this, lol
[14:36] {Threei} why?
[14:37] {Threei} let the world see you for what you are
[14:37] {nemo} see Dino's comment...conversation went into the hopper, especially afte that Raven character piped up
[14:37] {BillyD} lol....
[14:37] {dino} just trying to stay awake
[14:37] {nemo} Dude...catholic church has a team of exorcists trying to keep me under wraps
[14:37] {Threei} hey!!
[14:38] {Threei} guess who is on TV
[14:38] {nemo} the savior
[14:38] {nemo} the anti-me
[14:38] {dino} supreme ruler
[14:38] {nemo} grand poobah
[14:49] {magoo} AIG here lord vader?
[14:50] {Threei} no, no likey this one here
[14:50] {Threei} MTXX on the other hand...
[14:50] {Threei} maybe stabilized
[14:50] {Threei} keeping an eye on it for .90 triger
[14:53] {BillyD} stop under .70 on it
[14:54] {Threei} or under .75 for scalpers
[14:55] {Threei} actually... for scalpers under .80
[15:01] {dino} yawn, wynn stop to .65
[15:02] {dino} out wynn .65, +.15 hours
[15:04] {dino} esi gap fill
[15:07] {BillyD} missed my ELN short
[15:14] {ese} too all the american friends.......you all have a great fourth of July EHHH! We'll catch you next week....am off to a rehearsal.
[15:14] {BillyD} MTXX was too stubborn to move off .90 area
[15:14] {ese} see ya vad
[15:15] {Threei} take care ese, have a good one
[15:15] {fernp} bye ese
[15:16] {dino} cya es
[15:19] {jfjf64} im back
[15:19] {jfjf64} what up my boys
[15:20] {jfjf64} how was afternoon
[15:20] {Threei} neo and dino were talking abut scantily clad women
[15:21] {Threei} I was talking about old grumpy tailors
[15:21] {jfjf64} .71 ltza
[15:21] {Threei} Raven perched
[15:21] {Threei} that's about it
[15:21] {Raven} sigh
[15:21] {jfjf64} lol
[15:22] {Threei} oh, and collectively we came to conclusion this room is asylum
[15:22] {jfjf64} in
[15:23] {jfjf64} out
[15:24] {Threei} AIG fell off a cliff
[15:24] {jfjf64} ouch got out way to soon
[15:24] {nemo} RIMM tck and FCX also
[15:25] {nemo} gotta' go, c u Monday
[15:26] {Threei} take care nemo
[15:26] {nemo} take it any way I can get it
[15:26] {jfjf64} later
[15:27] {jfjf64} ty tza
[15:27] {dino} later nemo
[15:27] {jfjf64} im patten myself on back
[15:29] {Threei} you beter leern to tipe... and spel.. akkordin to a grammer
[15:30] {jfjf64} 5 coronas at pool party sorry grammer
[15:30] {dino} nice
[15:30] {BillyD} have a nice wknd all...gotta run
[15:30] {jfjf64} dont tell there parents have 20 kids here
[15:30] {dino} cya billy
[15:31] {jfjf64} later billy d
[15:31] {jfjf64} got out way too soon look at tza 2/1
[15:32] {Threei} take care billy
[15:35] {jfjf64} s omx .59 one more guys
[15:38] {jfjf64} stoped
[15:44] {dino} penn l .35
[15:50] {dino} out penn .47, +.12
[15:54] {dino} oh well, calling it a day/week guys. thx
[15:55] {dino} cetv pops
[15:56] {fernp} have a nice weekend all. see u on monday
[15:56] {Threei} take care fern
[15:56] {Threei} ok guys
[15:56] {Threei} unexpectedly nice day
[15:56] {dino} ditto
[15:57] {Threei} no objections here
[15:57] {Threei} let's have a great relxing weekend
[15:57] {Threei} hapy 4 th of July everyone
[15:57] {Threei} see you all on Monday
[15:58] {Alw} ty
