Jul 09 2009

One word: boring. Couple stops, win - they balance each other and leave you wondering why you bothered to wake up.

Session Time: Thu Jul 09 00:00:01 2009

[08:11] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:11] {Threei} - Expectations for initial claims are 603K v prior release of 614K (range seen from 570K to 625K)

[08:11] {Threei} - Continuing claims seen at 6.740M v prior 6.738M. (range seen from 6.680M to 6.950M)

[08:11] {Threei} ****Note: Initial Claims has not registered a reading below 600K in 23 weeks since Jan 23rd

[08:13] {BillyD} gm Vad

[08:13] {Threei} good morning

[08:15] {Threei} *(CA) CANADA JUN HOUSING STARTS: 140.7K V 130.0KE

[08:15] {nemo} haroo

[08:15] {Threei} what language is that?

[08:16] {nemo} hobbit

[08:16] {nemo} you asked

[08:16] {Threei} {--- switching to lingon

[08:16] {nemo} couldn't be worse than your English...dohhhh

[08:17] {Threei} lol

[08:20] {Threei} BLTXX Baltic Dry Bulk Index -2.9%, (7th straight decline)

[08:25] {Threei} TGT Reports June SSS -6.2% v -5.8%e

[08:37] {Threei} DRYS is trying again... despite BDI being down again

[08:38] {Alw} gm

[08:38] {Threei} Alw :)

[08:50] {cosmo} NVAX pre mkt high = 2.90 fwiw

[08:53] {Threei} Novavax Inc. India Unit signs JV agreement with Cadila Pharmaceuticals

[08:53] {Threei} - This joint venture, called CPL Biologicals Pvt. Ltd., will develop and manufacture vaccines, biological therapeutics and diagnostics in India using technology contributed from Novavax and Cadila Pharmaceuticals.

[08:53] {Threei} - In addition, CPL Biologicals will establish manufacturing facilities in India and develop, produce and sell products such as seasonal influenza vaccine and potentially other novel vaccines against dengue fever and chikungunya fever based on Novavax''s virus-like-particle (VLP) vaccine technology. CPL Biologicals also expects to develop the pandemic H1N1 influenza vaccine candidate in India that Novavax is developing in the United States.

[08:59] {fernp} good morning everybody

[08:59] {Threei} fern :)

[09:03] {ese} good morning....last morning in Disneyland gonna be back home tonight with no crowds to fight

[09:03] {cosmo} why fight?

[09:04] {Threei} ese :)

[09:05] {ese} you have no choice......60,000 some people a day in this park....shoulder to shoulder most of the time in the old part of the park .....not so bad in the new part

[09:05] {ese} hey vad

[09:06] {cosmo} i thot they got rid of the old part

[09:06] {ese} nope.....looks to me like it's still the most popular part of the park

[09:07] {vinod} GM to all

[09:07] {cosmo} bring back engine joe's cave i say....

[09:07] {ese} vino

[09:07] {Threei} vinod :)

[09:08] {vinod} I am looking at YRCW today

[09:08] {ese} Thats now probabaly the Indiana Jones ride......

[09:09] {vinod} yes, the can go under or make it

[09:09] {dino} gm all

[09:10] {Threei} dino :)

[09:10] {dino} hope you had fun es

[09:10] {ese} hey dino

[09:11] {ese} yes we did......

[09:12] {ese} whats the disney symbol ....anyone know

[09:12] {Threei} DIS

[09:12] {Threei} (doh)

[09:13] {ese} tks

[09:13] {ese} hmmmm...22.30 a share

[09:15] {Threei} see DRYS ese?

[09:16] {ese} just looking at it now

06[09:17] * Threei slaps magoo around a bit with a large preventive greeting

[09:17] {magoo} ellow mates

[09:17] {ese} IS Disney theme park may be built in Shanghai's Chuansha district following the 2010 Shanghai Expo - Shanghai Securities News - Report cites sources from Shanghai government think tank and the planning agency of Shanghai's Pud... (23.09, +0.25, 1.09%) more... (related USD/CNY FXI

[09:19] {Threei} lol FAZ

[09:19] {Threei} total reset

[09:21] {BillyD} oh my, just saw TBUS on scanner....it's still alive

[09:21] {Threei} yeah, lol

[09:21] {Threei} contract in India

[09:21] {BillyD} it's amazing how they manage to stick around

[09:22] {jfjf64} mornin all

[09:22] {Threei} jf :)

[09:22] {BillyD} hi jfd

[09:22] {dino} tbus, is that the car wash co.?

[09:22] {Threei} no

[09:22] {BillyD} wasn't that mama

[09:22] {Threei} no...

[09:23] {BillyD} lol

[09:23] {Threei} trying to remember the symbol

[09:23] {Threei} car wash/security...

[09:23] {BillyD} don't hurt yourself

[09:23] {Threei} seriously... lol

[09:23] {Threei} MACE

[09:24] {BillyD} that's it

[09:24] {Threei} still around too, lol

[09:24] {BillyD} gotta give these guys credit to stay in business

[09:24] {BillyD} behind these little dogs

[09:25] {Threei} not all of them are that lucky of course

[09:25] {BillyD} scrappers in a vicious game

[09:25] {Threei} remember LOCK?

[09:25] {BillyD} oy yeah

[09:25] {ese} car wash security???? your joking right vad?

[09:26] {Threei} no... MACE is famous for being car wash company and national security company

[09:27] {ese} huh.....interesting

[09:27] {BillyD} they joined the security business through press releases when it was hot

[09:28] {cosmo} its for the water i heard

[09:28] {cosmo} water security

[09:28] {cosmo} ....no matter...

[09:31] {Threei} Long Setup: DRYS .39

[09:31] {Threei} if stays above .30

[09:32] {Threei} President Obama: there is a clear possibility for a significant H1N1 flu outbreak (related SWINEX )

[09:32] {Threei} hmmm... can he move NVAX?

[09:32] {cosmo} NVAX 2.90 test coming

[09:33] {cosmo} maybe

[09:33] {Threei} no he cant

[09:33] {BillyD} staying away NVAX

[09:33] {cosmo} yea

[09:34] {Threei} Egypt reportedly arrests 26 in connection with terror plot against Suez Canal

[09:35] {Threei} Long Setup: WFC .20 break

[09:35] {Threei} if stays above .10

[09:35] {_kenyee} is drys still valid

[09:36] {Threei} never lost .30

[09:36] {ese} in drys

[09:36] {ese} .39

[09:36] {magoo} in wefc drys

[09:38] {Threei} no worky WFC'

[09:38] {BillyD} yeah, don't seem to have much luck with it

[09:39] {ese} stop is .34

[09:40] {ese} stopped

[09:40] {ese} .339

[09:40] {ese} -.05

[09:41] {ese} saw that coming with ndx and compx tanking

[09:42] {Threei} oh well

[09:42] {ese} oh well.....

[09:42] {magoo} diouble sigh

[09:42] {ese} had to have tight stop with 5k at stake

[09:42] {nemo} summer transition

[09:42] {nemo} had this in the spring too

[09:43] {fernp} stopped DRYS

[09:44] {vinod} I have my stop at 5.25

[09:45] {ese} that just might work vino

[09:45] {nemo} yeah, swing highs from yesterday

[09:45] {vinod} market sucks

[09:46] {nemo} well, two of them anyway

[09:46] {ese} yup

[09:49] {magoo} quote server please

[09:50] {Threei} 11

[09:50] {magoo} ty

[09:51] {magoo} AIG vad

[09:51] {Threei} RIMM

[09:51] {Threei} biounce point

[09:51] {magoo} IN

[09:51] {Threei} .36

[09:51] {magoo} lol

[09:53] {Threei} half out

[09:53] {Threei} .50

[09:53] {Threei} scalpers take profit

[09:53] {dptl} good morning all

[09:53] {Threei} dp :)

[09:54] {Threei} AIG... dunno mags, maybe double bottom

[09:54] {Threei} not my favorite here

[09:54] {Threei} nah

[09:55] {magoo} out rimm .63 TY bossasaurass

[09:55] {Threei} out RIMM in full

[09:55] {Threei} +.32

[09:56] {magoo} whats .35 to .63 anyone?

06[09:56] * Threei mails abacus to magoo

[10:00] {Threei} MAY WHOLESALE INVENTORIES: -0.8% V -1.0%E

[10:00] {nemo} not quite enough fingers and toes magoo

[10:01] {nemo} yeah, give him an abacus...that'll screw him up

06[10:01] * nemo mails slide rule to magoo

06[10:01] * nemo :)

[10:04] {ese} i guess we can take it that the wholesale inventories aren't that bad....markets not tanking?

[10:05] {magoo} anyone have a real day high aapl?

[10:06] {vinod} boss-let us know about DRYS I have 2k

[10:06] {ese} 137.99 mags

[10:06] {magoo} .47

[10:06] {magoo} ty ese

[10:07] {magoo} laser has 9999999999\

[10:07] {Threei} lol

[10:07] {Threei} will do vinod

[10:09] {Threei} Long Setup: AAPL .45 if stays above .30

[10:13] {Threei} (US) Sec of Human Health: Swine Flu vaccine program will be federally supported

[10:13] {BillyD} one day there will be no one to buy bonds and those statements will go away

[10:16] {ese} thats an interesting thought that........

[10:16] {ese} pretty much system colapse after that

[10:16] {Threei} Long Setup: AAPL .10 break if stays above 136.90

[10:20] {dino} i suppose in a month aig will do another 1:20 reverse split

[10:20] {Threei} yup, lol

[10:21] {magoo} and shorts make millions again

[10:21] {Threei} Long Setup: KLAC .20 break if stays above .10

[10:22] {nemo} is AIG available for shorting?

[10:22] {Threei} no

[10:23] {nemo} I wouldn't think so...that would be like shooting fish (ow..what am I saying) in a bucket

[10:23] {ese} Wonder if anyone could give this short article a glance a give me an opion on it: http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20090707&ID=10124594&Symbol=INTC

[10:23] {ese} has to do with options on intc

[10:24] {ese} am not aqn options player but am assuming this has very bullish consequences

[10:25] {Threei} quite amazing dump AIG

[10:25] {magoo} 23 to 10

[10:25] {magoo} sik

[10:26] {Threei} World Bank Pres Zoellick: USD to remain primary reserve currency, great imbalances currently exist in currency markets

[10:26] {Threei} heh

[10:27] {Threei} Generic crude futures fall below $60 for the first time since May 26

[10:28] {dino} what about name brand

[10:28] {Threei} lol

[10:29] {magoo} vad bottom AIG

[10:29] {Threei} 0

[10:29] {BillyD} AIG needs a big capitulation spike imo

[10:30] {BillyD} to make a long worth it

[10:30] {Threei} yeah

[10:30] {Threei} .40 break is technically valid attempt

[10:30] {Threei} I personally will refrain

[10:30] {nemo} yeah, that's javelin catching

[10:31] {BillyD} you would need a .10 stop imo if taking at .40

[10:31] {nemo} and tranquilizers

[10:31] {Threei} and diapers

[10:31] {BillyD} lol

[10:32] {nemo} nah, I think sphincter pressure will be so great diapers unnecessary

[10:32] {Threei} early alert: http://caracommunity.com//sites/default/files/10CB10CPDF.pdf

[10:35] {Threei} AIG is not even falling knife - rather falling piano

[10:37] {magoo} SHEESH..system CRASH

[10:38] {Threei} not midtrade I hope?

[10:38] {magoo} stikll got DRYS donkey

[10:40] {jfjf64} any read jpm vad

[10:41] {Threei} not really

[10:41] {magoo} klac back vadf

[10:42] {magoo} in .20

[10:42] {Threei} no clean level to place stop mags

[10:42] {magoo} wont need it right?

[10:42] {Threei} hopefully, lol

[10:44] {nemo} got a rising trend line though

[10:45] {Threei} NVAX Hearing vague chatter may receive a flu vaccine contract from the UK Govt (2.78, 0.27, 10.76%)

[10:46] {Threei} conccerted effort to move this thing today

[10:46] {nemo} mags get out

[10:47] {Threei} AIG stabilized a bit

[10:47] {nemo} yeah, for a dbi

[10:47] {Threei} lol

[10:49] {magoo} out EVERYTHING GARbage

[10:49] {Threei} that wasn't clean entry on KLAC mags

[10:49] {Threei} asked for troubles

[10:50] {magoo} just get into short mode..this mkts going back to 7000

[10:51] {nemo} 666

[10:51] {magoo} look aapl..points if we shorted

[10:51] {magoo} open pop..then short

[10:51] {magoo} summer gonna be brutal long

[10:52] {fernp} agree

[10:52] {nemo} RIMM flirting with highs

[10:52] {Threei} you guys are spoiled

[10:52] {magoo} may get pops ..but overall we need to recognize downtrend upon us

[10:52] {Threei} every summer is like this except last one

[10:53] {fernp} you are here to protectus, lol

[10:53] {nemo} frickin aig

[10:54] {nemo} yeah guardian demon

[10:56] {jfjf64} look at wynn

[10:57] {Threei} LVS and MGM too

[10:57] {dino} qcom sm l .25 stop .99

[10:58] {jfjf64} hmm

[10:59] {dino} penn too

[10:59] {_kenyee} what does 'sm' after the stock mean?

[10:59] {jfjf64} charts all similar

[11:00] {nemo} sm=small as in "small lot"

[11:00] {jfjf64} nothin lk market

[11:00] {_kenyee} ty

[11:02] {Threei} YRCW Reaches Tentative Agreement with Teamsters

[11:02] {Threei} - Details surrounding the tentative agreement are expected to be available next week following furth... (1.35, 0.46, 51.69%) more...

[11:03] {Threei} following further discussions with labor leadership. The modified agreement will be voted on by YRC Worldwide employees who are represented by the IBT.

[11:03] {Threei} - The proposed changes are designed to reduce the company''s cost structure and preserve operating capital.

[11:04] {dino} kenyee 400

[11:05] {ese} sounds like a motor race "THE KENYEE 400"

[11:05] {dino} lol

[11:05] {_kenyee} name fits on a license plate, when I can afford it

[11:05] {ese} too funny

[11:06] {_kenyee} 400 shares= a small lot?

[11:06] {ese} 200/300

[11:07] {nemo} ese...a small lot for you is 10k

[11:07] {ese} 1/2 lot 500, 3/4 lot 700,

[11:07] {ese} full lot 1000

[11:07] {Threei} it's not universal for everyone kenyee

[11:07] {dino} y

[11:07] {_kenyee} ty

[11:07] {nemo} it's like tomato tomahto

[11:08] {dino} np

[11:08] {ese} and my standard crap load lot 20/25k

[11:08] {nemo} or Grey Goose vs Ripple

[11:08] {ese} true nemo.......thats because of vads influence......trying to keep up to the jones

[11:09] {jfjf64} c/h faz lol

[11:16] {Threei} [09:08] {vinod} I am looking at YRCW today

[11:16] {Threei} you should have just told us to buy 25K shares

[11:21] {jfjf64} looks lk still goin up up up

[11:21] {vinod} I brought YRCW at premarket at 1.05 only 500

[11:24] {magoo} vad..after we get out of this drys trade..promise u take off your screen foreever paleeeeaaasssseee

[11:25] {Threei} can't... what I can though is to attach warning label:

[11:25] {Threei} Attention DRYS traders - magoo excluded

[11:26] {Threei} big pullback YRCW

[11:26] {magoo} that will work

[11:26] {vinod} Mag00-look like i am married to DRYS instead of one ninght stnad

[11:27] {nemo} what's your wife going to say vino?

[11:27] {magoo} i cant stand these type trades..its like what..i got all day to sit here and wait..watch

[11:27] {_kenyee} I got divorced from DRYS and still paying alimony!

[11:27] {vinod} she once told me who wants to buy used car

[11:27] {Threei} (US) White House: The absence of Chinese Premier Wen did not impact G8 climate talks

[11:28] {Threei} of course not, he wouldn't care about that anyway

[11:28] {Threei} (US) House Speaker Pelosi (D): House healthcare plan does not include provisions to tax employee benefits; talk of a second stimulus 'premature'

[11:36] {Threei} S Signs agreement with Ericsson (4.40, 0.11, 2.56%) (related ERIC )

[11:36] {Threei} The agreement, with an option for renewal, will result in payments for services valued at between $4.5 billion and $5 billion (USD) over the seven-year term of the contract. The transaction calls for about 6,000 Sprint employees to begin performing their network functions as Ericsson employees sometime in the 3rd quarter.

[11:39] {ese} zzzzzzzzzz....smorffff.....glagg....ah hem.......zzzzzzzzzzzzzzzzzzzzzzzzz

[11:39] {Threei} S honestly trying

[11:39] {dino} ditto

[11:39] {nemo} which end is that coming out of ese?

[11:39] {Threei} 5B

[11:39] {ese} now THAT.....was funny

[11:43] {Threei} magoo

[11:45] {magoo} huh/

[11:45] {magoo} ?

06[11:45] * Threei signals with his eyes to the right

06[11:45] * magoo slaps laserdave around a bit with a large trout

[11:45] {Threei} there

06[11:45] * magoo slaps laserdave around a bit with a large trout

06[11:45] * magoo slaps laserdave around a bit with a large trout

[11:46] {dino} apol sm l .10 stop .83

[11:46] {magoo} your best alert of day he he {as magoo grabs vads vodka and runs for nearest cave}

[11:46] {Threei} lol

[11:47] {Threei} I thought you liked RIMM

[11:47] {magoo} i did but forgot about it already

[11:47] {magoo} staring at drys

[11:47] {Threei} i would too but I wrote it down

[11:48] {dino} baltic frieght index is in a multi day decline fwiw

[11:48] {Threei} yes dino... DRYS owever stopped downtrending

[11:48] {Threei} did it yesterday and confirmed today

[11:48] {Threei} which was th reason for the call

[11:49] {dino} you short?

[11:50] {Threei} ?

[11:50] {Threei} DRYS? no

[11:51] {ese} LFITB .82

[11:57] {jfjf64} aig ? resistance .59

[11:57] {Threei} toughie

[11:57] {Threei} 50/50

[12:02] {magoo} AA vad..bouncer?

[12:02] {magoo} in .50 now

[12:03] {Threei} why not... stop is tight enough

[12:08] {dino} apol stopped

[12:11] {Threei} WSJ reports Cerberus declines to allow investors out of its main hedge fund

[12:11] {Threei} - Cerberus reportedly creating a special vehicle to allow some investors to cash out of the fund over time. The fund implementing lower fees and longer lock up period.

[12:11] {Threei} Hotel California?

[12:12] {dino} sounds like they may not have the $

[12:14] {Threei} either that or are trying to prevent redemption meltdown

[12:15] {Threei} hard to imagine it can be legal though

[12:18] {dino} at the very least, obviously they are not doing well

[12:18] {magoo} A

[12:18] {magoo} I

[12:18] {magoo} G

[12:18] {dino} frickin apol rinsed

[12:20] {nemo} yeah look at that capitultion volume spike

[12:21] {jfjf64} draw resistant line .59

[12:25] {Threei} pullback AIG

[12:26] {magoo} the squeeze may be on

[12:29] {Threei} feels like going over 11

[12:33] {Threei} these sharp teleportations look familiar eh?

[12:33] {Threei} if you have cobra-like reflexes they are scalpable

[12:36] {Threei} S all the way back to pre-news level

[12:36] {jfjf64} ?rimm

[12:37] {Threei} RIMM is strangely narrow today

[12:37] {Threei} LVS has bigger range today that RIMM

[12:37] {nemo} butting up right against R1 67.10 on it's pivot

[12:38] {Threei} that = than

[12:38] {nemo} If then else?

[12:39] {nemo} How long does it take a grasshopper with a wooden leg to kick all the seeds out of a dill pickle?

[12:39] {magoo} vads..half out drys .40 he hge

[12:40] {Threei} ummm

[12:40] {Threei} congratulations, I guess

[12:40] {magoo} im asking

[12:40] {nemo} after commissions your up .01?

[12:40] {magoo} whats a guy gotta do for a fish?

[12:40] {Threei} mags, I don't know what to say... this is simply not your type

[12:40] {Threei} too slow for you

06[12:41] * nemo slaps magoo around a bit with a large trout

[12:41] {Threei} but when this kind works, you get mad that you haven't hel it

[12:41] {magoo} thats all i wanted ..thanx cap'n nemo

[12:41] {Threei} shrug

06[12:41] * nemo slaps magoo around a bit with a large flounder

06[12:41] * nemo slaps magoo around a bit with a large halibut

06[12:41] * nemo slaps magoo around a bit with a large cod

06[12:41] * nemo slaps magoo around a bit with a large coelecanth

[12:42] {magoo} i do get mad..you speak the truth

[12:42] {nemo} now go make seafood salad

06[12:42] * Threei slaps magoo around a bit with a large nemo

[12:42] {nemo} might want to skip the coelecanth, they're kinda' tough

[12:44] {Threei} anyone's contemplating coming to Freeport in Jan?

[12:46] {ese} whats in freeport vad?.....you?

[12:46] {nemo} conference ese

[12:46] {nemo} It was a lot of fun...you get to listen to vad bloviate for days

[12:46] {Threei} http://caracommunity.com//sites/default/files/10CB10CPDF.pdf

[12:47] {ese} just might do that......am going 1/2 X next year so may have the time

[12:47] {Threei} here is slideshow from this year:

[12:47] {Threei} http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:48] {jfjf64} lvs pullbk

[12:49] {Threei} guess who is on TV

[12:49] {magoo} the link says march vad

[12:49] {Threei} which link?

[12:50] {nemo} Over MLK weekend

[12:50] {magoo} [12:48] {&Threei} http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[12:50] {nemo} well, centers around that

[12:50] {Threei} that's the one that is already in the past magoo

[12:50] {Threei} as in: before today

[12:50] {Threei} meaning, already took place

[12:50] {magoo} u posted it not me

[12:50] {Threei} while another link is for the future

[12:51] {Threei} as in: will be later

[12:51] {Threei} meaning, still hasn't taken place

[12:51] {Threei} overall idea is:

[12:51] {nemo} frickin' pisdah

[12:51] {Threei} one link shows how it happens

[12:51] {Threei} another is for the future event

[12:51] {nemo} oops janitor

[12:52] {magoo} now im confused :)

[12:52] {Threei} which you can attend if you liked past event

[12:52] {nemo} your normal state mags

06[12:52] * BillyD slaps magoo around a bit with a large trout

[12:52] {Threei} now, all of you who watched this dialong... you see what I deal with?

[12:52] {BillyD} unconfuse therapy

[12:52] {BillyD} your patience at all time new levels vad

[12:52] {Threei} hehe

[12:53] {Threei} having magoo and nemo around will do that to you

[12:53] {nemo} dangling preposition Vad..tsk tsk

[12:55] {nemo} RIMM approaching resistance

[12:56] {nemo} over resistance

[12:56] {magoo} just imagine if we both attended

[12:56] {nemo} I was there

[12:56] {Threei} actually that could be great

[12:57] {Threei} you'd keeop each other busy

[12:57] {BillyD} lol

[12:57] {nemo} Yeah, we can talk about hunting

[12:57] {magoo} i went to bermuda by mistake

[12:57] {Threei} as in that old knock knock joke

[12:58] {Threei} who is there? - IRS - what do you want? - to talk? - how many of you there? - two - great, talk to each other then

[12:58] {ese} cool....i think i go just to play with the Henry Moss Quartet.......Vad CTA instructor......looks like alot of fun......can my wife come?

[12:58] {Threei} absolutely

[12:58] {Threei} it's family event for many

[12:58] {Threei} tax-deductible vacation

[12:59] {jfjf64} lvs vad .55 break?

[12:59] {Threei} I wish it held .50 jf

[12:59] {jfjf64} me toooo

[13:00] {nemo} support @ .48

[13:00] {nemo} .45?

[13:00] {jfjf64} rimm ouch

[13:02] {Threei} *TREASURY'S $11B 30-YEAR BOND REOPENING BID-TO-COVER RATIO: 2.36 V 2.68 PRIOR AND 2.56 AVE OVER THE LAST 5 REOPENINGS

[13:02] {Threei} - indirect bidders take 50.2% of competitive bids

[13:02] {nemo} that's bad

[13:03] {nemo} 10 years and 30 years are taking it hard. Only short term are doing well

[13:03] {nemo} Duh...the world thinks (for good reason) we're screwed

[13:03] {nemo} look at tbt

[13:04] {Threei} the world is mistaken - unless we allow current administration to continue their chosen path

[13:04] {nemo} and congress...

[13:05] {nemo} or as someone writes...CONgress

[13:06] {dino} good one

[13:07] {Threei} the camp 'USD is doomed" is wrong, IMO

[13:08] {nemo} The wild card is in a fiat world when all the economies have to finance their debt, from whom are they going to borrow?

[13:09] {Threei} yeah, that's my eternal question

[13:09] {Threei} if all governments are in debt, who is the lender?

[13:10] {Threei} and btw, look at TBT

[13:10] {nemo} [13:03] {nemo} look at tbt

[13:11] {Threei} sigh... magoo #2

06[13:11] * nemo ties the noose

[13:11] {Threei} you said it when it went up... I say it now meaning it reversed

06[13:11] * nemo throws the rope over the beam

06[13:11] * nemo puts a chair under the noose

[13:12] {Threei} anyone has some simple book explaining concepts of past and future fot hese two?

[13:12] {Threei} desirably with drawings?

[13:13] {nemo} damn, can't climb with these fins

[13:25] {ese} outta here to catch a plane.....see you all tomorrow....still long fitb am gonna hold over night take care

[13:25] {Threei} have a safe flight eswe

[13:25] {ese} tks vad

[13:25] {Threei} you have party to attend this Sunday, so take care of yourself

[13:32] {_kenyee} what's your take on GE? is that a cup and handle?

[13:33] {nemo} volume should match the drop in the handle

[13:33] {Threei} more or less... not delighted by breakouts right now

[13:40] {nemo} $ taking a pounding today and the markets not really moving

[13:52] {magoo} mkts could rot 2-2:30pm

[13:53] {nemo} or rip

[13:54] {magoo} that does itttttttt........................

06[13:54] * magoo slaps nemo around a bit with a large trout

[13:54] {magoo} interesting..just noticed your name is directly under mine

[13:55] {nemo} Vad, would you change my handle to "Alexander"?

[13:55] {Threei} no'

[13:55] {magoo} and mine to alexie

[13:56] {nemo} How about zoroastrian"?

[13:56] {magoo} and mine zagnatermator

[13:56] {Threei} rofl

[13:57] {magoo} would nemo have to sit in desk directly behind magoo at conference?

[13:57] {johnnyj} all names should have four letters... unless they need reorganization

[13:57] {nemo} No, I'm usually kept in an aquarium

[13:58] {nemo} LOOK AT TBT!

[13:58] {magoo} look TBT

06[13:59] * magoo slaps _kenyee around a bit with a large trout

[14:01] {dptl} have a good evening all

[14:01] {fernp} you too dp

[14:01] {magoo} bye dp

[14:01] {Threei} take care dp

[14:03] {dino} sm snda l .50

[14:06] {_kenyee} is depth and volume a concern on snda?

[14:06] {Threei} for most yes

[14:06] {Threei} but it's dino's typical style

[14:07] {dino} no kenyee.

[14:10] {dino} breakouts are nonexistant lately

[14:12] {nemo} vix is own 5.5% today

[14:12] {dino} darn pol would've had a buck. stop was too tight

[14:12] {dino} pru hod

[14:13] {dino} pol=apol

[14:13] {_kenyee} do you prefer breakouts or retracements?

[14:14] {dino} mostly euphoria and capitualations

[14:14] {dino} this week though everything is down big

[14:14] {dino} i buy capits and sell euphoria

[14:15] {dino} i liked apol because it was down 8 points in 4 days

[14:15] {dino} snda-5 in 2 days

[14:15] {_kenyee} is that like picking tops and bottoms?

[14:16] {dino} fast though, 15% quick moves i like

[14:25] {johnnyj} a nice little mojo to the upside would cause the most pain this afternoon

06[14:25] * nemo does magoo impression, 'We in anything Vad?"

06[14:25] * nemo does nemo impression, "coma."

[14:25] {dino} could be just contra our noise

[14:25] {dino} hour

[14:27] {nemo} It's the PPT muddying the waters

[14:27] {_kenyee} is that euphoria on aks?

[14:27] {magoo} we in anything vad?

[14:28] {nemo} rofl

[14:28] {nemo} kenyee, look at a 5 min chart

[14:28] {nemo} just working back to resistance

[14:29] {dino} imo no

[14:29] {dino} look for a $2-$ spike in minutes

[14:30] {nemo} "SEC to call for Calif. IOUs treated as securities"

[14:30] {nemo} Wonder when they'll have to start giving out IOUs on their IOUs?

[14:30] {_kenyee} everyone can print money these days

[14:31] {magoo} VAADDDDDDDd

[14:31] {Threei} US Rep Frank: Not planning to limit company size as part of financial regulatory overhaul; primary supervisor alone should have authority to 'wind down' firms

[14:31] {Threei} - Now is not an appropriate time for focus on restructuring GSEs; restructuring will be a high priority in 2010

[14:31] {magoo} r or r?

[14:31] {Threei} yes

[14:31] {magoo} ty'

[14:31] {Threei} yw

[14:31] {Threei} Treasury's Geithner: Plans to meet with soverign wealth fund leader in Abu Dhabi

[14:32] {nemo} the Wimpy routine

[14:32] {dino} going back a hundred years and every bank will issue their own dollars

[14:33] {Threei} (US) Treasury's Geithner plans to meet with UK PM Brown, UK Treasurer Darling, French Fin Min Legarde and sovereign wealth fund leaders next week

[14:33] {Threei} he is having active social life

[14:33] {nemo} got to figure out how to keep gold down

[14:34] {Threei} easy

[14:34] {Threei} don't monetize debt

[14:34] {Threei} don't print new money as if there is no tom,orrow

[14:35] {nemo} a little late

[14:35] {Threei} don't bankrupt country by 4 new stimulus packages and 18 new social programs, each sized as a planet

[14:35] {Threei} that's it... gold is dead, dollar is golden

[14:36] {_kenyee} the plan is for hyperinflation

[14:36] {Threei} I am not aso sure

[14:38] {dino} its the only way out. inflate it away'

[14:39] {_kenyee} dollar=charmin

[14:39] {nemo} 2 ply at best...I wish it were charmin

[14:41] {Threei} who want a bet dollar is preparing a rally no one expects and foresees?

[14:42] {Threei} just like no one forecasted previous one

[14:42] {nemo} I agree

[14:42] {_kenyee} maybe the government can sell advertising rights to to the dollar

[14:43] {nemo} Especially if China has been financing their own bubble. All other fiat currencies are screwed too

[14:43] {Threei} heh

[14:44] {Threei} just tell me kehyee... do you remember any single market observer who foresaw a dollar rally from its low a year and half ago?

[14:44] {Threei} everuone and their brother predicted it going down the toilet

[14:44] {Threei} it was so obvious

[14:44] {Threei} exactly opposite happened, stunning whole world

[14:44] {magoo} AIG losing 10

[14:45] {Threei} of course later on it became just as obvious to everyone why it happened

[14:45] {_kenyee} I learned from you that the majority is wrong most of the time:)

[14:45] {Threei} same thing develops now

[14:45] {Threei} everyone knows dollar is going to drop

[14:46] {Threei} no one is acapable of answerring one simple questions though:

[14:46] {Threei} drop against what?

[14:46] {_kenyee} the canadian dollar:D

[14:46] {Threei} as if anyone cares about that, lol

[14:47] {_kenyee} it matters if your from detroit and go to the windsor casino

[14:53] {Threei} AIG lost 10

06[15:05] * BillyD lost interest

[15:06] {BillyD} can't short it

[15:06] {Threei} SEC comments that California IOUs could become tradeable in a regulated market

[15:06] {BillyD} only way to get something for them?

[15:07] {Threei} no... the way to lower cost of obligations

[15:08] {BillyD} and stae gets off the no liquidity hook

[15:08] {BillyD} state

[15:08] {Threei} there you go

[15:08] {Threei} who says capitalism doesn't work

[15:08] {BillyD} they win

[15:08] {BillyD} lol

[15:08] {Threei} :)

[15:09] {BillyD} little guy who is state employee gonna have to take a discount for his iou

[15:09] {BillyD} some is better than none

[15:15] {Threei} AA, what a pathetic performance after the gap

[15:17] {Threei} Fed's Kohn: See little risk of conflict between many roles; Fed is positioned well as a systemic regulator

[15:17] {Threei} really... what's the problem with fox guarding hen house

[15:26] {jfjf64} what happens when aig gets to 1.00

[15:27] {johnnyj} you cover your short?

[15:27] {Threei} lol

[15:27] {Threei} they go for another reverse split I guess

[15:28] {jfjf64} maybe 50/1 better next tm

[15:28] {Threei} not sure... hight to fall from is bigger but speed will increase as well {G}

[15:30] {jfjf64} cof s trigger.13 for me

[15:31] {BillyD} does TBT trade like a normal stock?

[15:31] {Threei} what do you mean?

[15:32] {BillyD} it's an ETF right - a basket of stocks or stuff

[15:33] {dino} snda stopped

[15:33] {Threei} UltraShort 20+ Year Treasure

[15:33] {Threei} twice the inverse daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity of 20 years or greater

[15:34] {BillyD} QID does opposite of mkt and wasn't sure how TBT is tied to mkt

[15:34] {dino} trades off interest rate moves

[15:34] {dino} tbt, tlt

[15:34] {Threei} QID is NASDAQ

[15:34] {Threei} TBT is not directly tied into market

[15:34] {BillyD} ok ty

[15:34] {Threei} all those auctions impact it

[15:35] {dino} yes

[15:35] {Threei} there is connection with market of course but it's not as direct and immediate

[15:35] {magoo} jesus AIG seeing 8 area

[15:35] {BillyD} I guess you can still play them based on typical setups though rifght

[15:36] {magoo} soon

[15:36] {Threei} more or less yes

[15:36] {Threei} but make sure you don't do it ariound auction times

[15:36] {BillyD} ok

[15:37] {dino} wynn s .99

[15:46] {jfjf64} market kp it up dino she wants to drop

[15:46] {dino} thought it would break

[15:47] {dino} just not my day

[15:47] {jfjf64} im in it too

[15:47] {dino} bstop is .15

[15:49] {Threei} look at the range

[15:49] {Threei} NQ less than 15 points for the day

[15:49] {Threei} any wonder we are not finding trades?

[15:52] {jfjf64} die elvis

[15:53] {Threei} YRCW desrves a look as possible gap candidate

[15:56] {jfjf64} dino can ya knock this down in next 2 min pls

[15:57] {jfjf64} 1/1

[15:58] {dino} will do

[15:58] {jfjf64} .80 nice

[15:59] {dino} cov .89

[15:59] {Threei} okay guys, thank you all

[15:59] {dino} gj jf

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

[15:59] {BillyD} cya

[15:59] {fernp} good evening to all