Jul 17 2009

Nice profitable end to a nice profitable week. AIG long identified as a more than scalp worked and indeed brought nice gain about 50 cents. RIMM worked as well on a long side; BRCX decided to shake us out for a small stop on half lot which couldn't spoil the day.

Session Time: Fri Jul 17 00:00:01 2009

[08:46] {cosmo} BCRX) today announced positive results from two Phase 3 studies of intrav

[08:46] {cosmo} enous (i.v.) peramivir in patients with seasonal influenza.

[08:48] {cosmo} the i.v. model is so sheek....

[08:49] {cosmo} portable i.v. that is

[08:51] {Threei} Good morning

[08:51] {Threei} NVAX is moving in sympathy with BCRX I guess

[08:53] {dino} gm all

[08:53] {Threei} dino :)

[08:56] {magoo} morning

[08:57] {Threei} magoo :)

[08:57] {magoo} hi vad

[08:57] {Threei} keep an eye on BCRX

[08:58] {cosmo} CHINA?

[08:58] {Threei} may turn one of those.. huge gap, consolidation, then incredible follow through

[08:58] {magoo} wow..ok

[08:58] {magoo} which banks reported this morn

[08:58] {Threei} CHINA raised to Outperform from Underperform

[08:59] {Threei} price target $2.50

[08:59] {Threei} Earnings

[08:59] {Threei} Before the Open: AOS, BMI, BAC, BBT, C, FHN, GE, MI, MAT, PRSP, WBS.

[09:00] {magoo} BAC not so good i guess?

[09:01] {Threei} BAC Reports Q2 $0.33 v $0.28e, R $32.8B v $33.1Be

[09:17] {ese} good morning

[09:17] {Threei} ese :)

[09:20] {magoo} wasc good?

[09:20] {magoo} C

[09:21] {Threei} C Reports Q2 -$0.27 v -$0.37e, R $22.0B v $22.4Be

[09:24] {fernp} good morning everybody

[09:24] {magoo} keep eye on C vad..u got 2 left

[09:24] {Threei} fern :)

[09:25] {Threei} C is easy

[09:25] {jfjf64} mornin all

[09:25] {Threei} 3.21 is two days resistance, and bumping into it again

[09:25] {Threei} jf :)

[09:26] {Threei} was also a high on 06/19

[09:26] {jfjf64} what we lookin for in C vad late start here my friend

[09:26] {Threei} watching C by magoo's request,

[09:26] {Threei} and BCRX

[09:26] {jfjf64} magoo the man

[09:27] {Threei} if fails, it's his fault

[09:27] {jfjf64} of cause

[09:27] {magoo} it runs to 4 i get 2 months free ok?

[09:27] {magoo} BAC to vad..use another eye

[09:27] {jfjf64} ofcause

[09:28] {BillyD} gm all

[09:29] {Threei} Billy :)

[09:30] {texus} gm all

[09:30] {ese} corection today perhaps

[09:30] {Threei} texus :)

[09:31] {ese} texus!!!! welcome

[09:32] {dino} gm tex

[09:32] {dino} bcrx

[09:33] {ese} that ones interesting dino

[09:34] {texus} ty and g'morning:)

[09:34] {Threei} Long Setup: C 3.22 if stays above 3.10

[09:35] {BillyD} SMTC over .60 VAD

[09:35] {nemo} patience, you been killing it with tck lately?

[09:35] {BillyD} can be a spread changer though

[09:36] {cosmo} BCRX 6.40 hod

[09:36] {cosmo} ...needs to hold 6

[09:36] {cosmo} imo

[09:37] {dino} thinking short cos, fwiw

[09:38] {cosmo} hmmm

[09:38] {dino} mmmmh

[09:38] {cosmo} thinking valadation of support

[09:38] {dino} can't borrow cyber

[09:39] {magoo} CRAP AIG

[09:40] {magoo} may be a player vad AIG

[09:41] {Threei} looks like'nice pace

[09:41] {dino} sds l .75

[09:41] {ese} L yhoo .76

[09:42] {magoo} BAC

[09:43] {dino} stopped sds -.15

[09:43] {ese} yhoo stopped .70

[09:43] {patience} good morning nemo, just got out of tck this morning...+.76 today :)

[09:43] {ese} -.06

[09:43] {nemo} thought you might be there

[09:43] {patience} went camping on hornby island, left it to run and it did well while i was gone

[09:45] {BillyD} narrow range so far

[09:46] {nemo} fcx and tck killing it

[09:46] {_mikej} c still good

[09:46] {nemo} never broke .10

[09:47] {Threei} I start thinking, aggressive entry is better idea on C

[09:47] {Threei} pullback closer to .10, let's take it and keep tight stop just under it

[09:47] {_mikej} what that mean

[09:47] {_mikej} ok

[09:47] {magoo} whats your thoughts BCRX

[09:48] {magoo} lets watch AIG for pullbk

[09:48] {Threei} Long Setup: BCRX 6.10 break if stays above 6

[09:48] {ese} l yhoo .77

[09:48] {magoo} not avail short..so gay

[09:48] {dino} sds rinsed

[09:49] {Threei} mike,

[09:49] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[09:49] {magoo} BACon too...is a player

[09:49] {ese} out yhoo .82 +.05

[09:50] {fernp} gj ese

[09:50] {Threei} first strength from here, C

[09:50] {Threei} and only if holding above .10

[09:50] {ese} tks

[09:50] {nemo} markets dumping

[09:50] {Threei} BCRX invaliated

[09:51] {magoo} thats avail short if sets up boss

[09:52] {Threei} well... 6 was a short trigger by definition

[09:52] {Threei} C

[09:52] {Threei} upticks

[09:52] {Threei} stop under .10

[09:52] {magoo} AIG trying 14

[09:53] {Threei} Long Setup: AIG .80 break

[09:53] {Threei} stop under .60

[09:55] {Threei} if this one works, it's not a scalp

[09:55] {Threei} 14 is not a ceiling for it

[09:55] {Threei} 15 is not out of question

[09:56] {magoo} in

[09:56] {magoo} lets RIIPPPPPPPPPPP

[09:58] {Threei} offering 1/4 14.05

[09:58] {magoo} WHAT???

[09:58] {Threei} what what?

[09:59] {Threei} just 1/4, not even 1/2, and over 1:1

[09:59] {Threei} gotta manage risk ya know

[09:59] {Threei} it's AIG

[09:59] {Threei} hit

[09:59] {Threei} 1/4 out

[09:59] {dino} 7 up days in row on naz

[09:59] {Threei} offering 1/4 more 14.25

[10:00] {Threei} stop under b/e

[10:01] {jfjf64} aaaaaaaaaaaaaaiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiigggggggggggggggggggg

[10:01] {Threei} control yourself young man

[10:02] {magoo} covered AIG

[10:02] {texus} did anyone else have buying power issues with AIG?

[10:02] {Threei} covered?

[10:02] {magoo} only quarter left

[10:03] {magoo} UH..like whatever

[10:03] {magoo} i got other stuff goin

[10:03] {magoo} BAC

[10:03] {Threei} excuse me... you yelled at me for exiting 1/4?

[10:03] {magoo} SO?

[10:03] {Threei} texus... no...

[10:03] {magoo} :)

[10:03] {magoo} good thing your room here isnt skype

[10:03] {dino} you should hear him yell at me

[10:03] {magoo} i yell at u all day

[10:04] {jfjf64} go babbbbbyy go

[10:04] {Threei} lol, my sympathies dino

[10:04] {Threei} true mags

[10:04] {Threei} what was I thinking

[10:04] {dino} sometimes i just shut the door

[10:04] {magoo} i added

[10:04] {Threei} hit on the next 1/4

[10:04] {magoo} gonna ,ake millions

[10:04] {Threei} offering next one .45

[10:05] {BillyD} out in full AIG ty Vad & Magoo for alert

[10:05] {dino} skbi

[10:05] {Threei} welcome sir

[10:05] {Threei} told ya not a scalp

[10:05] {Threei} good thing you trusted me

[10:05] {jfjf64} lucky guess

[10:05] {BillyD} it is

06[10:06] * Threei slaps jfjf64 around a bit with a large roll of cash

[10:06] {jfjf64} aaaaaaaiiiiiiiiigggggg lol ty

[10:07] {magoo} BACon hangin in

[10:07] {dptl} morning all

[10:07] {Threei} dp :(

[10:08] {BillyD} Vad, what was your indication on AIG being more than scalp?

[10:08] {Threei} insane pace... saw that zillion times with runners

[10:08] {Threei} huge pressure

[10:08] {jfjf64} vodka billy d vodka

[10:08] {Threei} that too

[10:08] {jfjf64} lol

[10:09] {jfjf64} ya da man

[10:09] {Threei} C no go

[10:09] {BillyD} lol

[10:09] {Threei} out 1/4 more AIG if loses .30

[10:09] {Threei} there, out

[10:09] {Threei} last piece has the same stop, under .80

[10:10] {dino} sds l .65

[10:10] {Threei} so far, +.25, +.45 and +.48

[10:10] {jfjf64} lk ya style youg man

[10:10] {Threei} hehe

[10:11] {Threei} two old farts calling each other "young man" with this indulgent look

[10:12] {Threei} mags, admin asked you to check your e-mail

[10:12] {jfjf64} plays lk that keep us young strog

[10:13] {jfjf64} vad check ge pls ya lk

[10:13] {Threei} not really... struggle

[10:13] {Threei} me like easy money

[10:13] {Threei} GE is not

[10:14] {Threei} it may work but it will torture you

[10:14] {magoo} dcc

[10:14] {magoo} vad

[10:14] {Threei} each uptick will be a battle

[10:14] {jfjf64} ty

[10:16] {Threei} BCRX flatlined

[10:16] {Threei} this kind can resume march later on when they flatline this high in thr gap

[10:16] {magoo} RIMM vad

[10:16] {magoo} may be bounce

[10:17] {Threei} BCRX

[10:17] {Threei} Long Setup: BCRX .10 break if holding above 6

[10:18] {BillyD} lol

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

[10:18] {Threei} valid still

[10:18] {magoo} no laughing..cant focus he he

[10:18] {Threei} RIMM .70 mags

[10:18] {Threei} aww

[10:18] {Threei} late

[10:18] {Threei} see if pulls back

[10:18] {jfjf64} you likey

[10:18] {BillyD} it was funny

[10:20] {Threei} so that I don't repeat the call:

[10:20] {Threei} if it goes above 6,

[10:20] {Threei} makes couple moves between 6 and 6.10

[10:21] {Threei} then breaks, it's valid again

[10:21] {Threei} RIMM back into call

[10:21] {Threei} .70 break

[10:21] {jfjf64} .10 break vad

[10:21] {Threei} stop under .60 for scalpers

[10:21] {Threei} under .50 for daytraders

[10:22] {Threei} over 1:1 for scalpers

[10:22] {Threei} over 1:2 for daytraders

[10:23] {Threei} 1:1

[10:23] {dino} sds stopped-.15

[10:23] {tomg} ty rimm, vad

[10:23] {magoo} out .91 TY FL

[10:23] {Threei} :)

[10:23] {Threei} that's what I call easy money

[10:23] {Threei} how hard was that?

[10:23] {magoo} i make the snowballs...vad throws them

[10:23] {jfjf64} lol

[10:24] {magoo} good team

[10:24] {Threei} may I offer one more application

[10:24] {Threei} you line up idiots along the wall... I shoot them

[10:25] {Threei} older I become lwess tolerance for idiots I have :)

[10:25] {jfjf64} aig

[10:25] {Threei} last piece of AIG is still here

[10:26] {Threei} stop under .80

[10:26] {Threei} not sure about target

[10:26] {jfjf64} im all out

[10:26] {Threei} will see how it goes

[10:26] {Threei} BCRX has this feel about it

[10:26] {Threei} 'I will kill a lot of you shorts"

[10:27] {wulff} .10 still you say

[10:28] {Threei} yup

[10:28] {Threei} may take a few tries as it shakes out

[10:28] {Threei} not an easy stock

[10:28] {jfjf64} lk that yup

[10:30] {wulff} AAPL over 150

[10:32] {Threei} let's change the idea on BCRX

[10:32] {Threei} see big offer at 6.01?

[10:32] {Threei} half lot long if breaks it while holding above .90

[10:33] {Threei} then if not stopped, add half lot on 6.10 break

[10:33] {Threei} and move stop to the low between these two events

[10:34] {Threei} makes sense?

[10:34] {nemo} clear as mud

[10:34] {ese} l yhoo .84

[10:34] {jfjf64} 6.01 break correct

[10:34] {BillyD} if BCRX breaks .01 and holds .95 then .95 is stop right?

[10:35] {Threei} no, for the first half lot .90

[10:35] {BillyD} ok

[10:35] {nemo} there are big orders at 600 an 6.02 also

[10:36] {BillyD} readjust stop if only breaks .10 right

[10:36] {Threei} they don't matter nemo

[10:36] {Threei} one at 6.01 does

[10:36] {ese} Daaaaaaaaaa!!!!!!! get up there

[10:41] {BillyD} in .01

[10:42] {BillyD} Am I in premature vad

[10:42] {dino} lol

[10:42] {BillyD} lol

[10:42] {dino} going down gut says

[10:43] {BillyD} why I ask

[10:43] {dino} sds l .50

[10:45] {Threei} okay... let's do it BCRX

[10:45] {Threei} so far everything according to a plan,

[10:45] {Threei} the rest is up to trading gods

[10:45] {Threei} they smile or they frown

[10:46] {nemo} look at the order at .05

[10:46] {Threei} nice order

[10:46] {Threei} juicy

[10:48] {Threei} watch now where we bottom out, that will be an indication where to trail the stop if we get a trigger for another half

[10:49] {jfjf64} wher is ya stp on this piece

[10:50] {nemo} .90

[10:50] {Threei} right under

[10:50] {ese} yhoo stopped .75 -.09

[10:50] {nemo} the proverbial "hair"

[10:50] {Threei} that's important diastinction

[10:51] {Threei} holding or losing the actual support

[10:51] {ese} this is not my day......

[10:52] {ese} as vad says " sometimes you are the windshield.....sometimes you are the bug!"

[10:53] {nemo} holding so far in a down market

[10:53] {nemo} kinda'

[10:55] {wulff} love that saying

[10:56] {ese} I like it too when it's not me

[10:57] {nemo} look at that bid at .98

[10:58] {nemo} gone

[10:58] {cosmo} 'don't be the bug; be the helmet'

[10:58] {cosmo} old biker saying....

[11:00] {nemo} Vad, if it chews through that big orer at .92, woul that be a good stop?

[11:00] {nemo} bid that is

[11:00] {ese} nice cos....... i like that better

[11:00] {dino} out sds .70, +.20

[11:00] {Threei} you are that eager to save 3 cents on half lot?

[11:01] {nemo} no, avoid slippage if it cracks the stop

[11:01] {cosmo} it goes better with music

[11:01] {Threei} then weigh it against being shaken out

[11:05] {ese} true

[11:05] {nemo} ese, did you ever hear of John Valbe?

[11:07] {Threei} done with AIG

[11:07] {BillyD} it was a good trade VAD

[11:07] {Threei} ty

[11:12] {fernp} have to go. see u on monday. good weekend to all

[11:13] {Threei} take care fern, have a good one

[11:13] {magoo} u too fern

[11:13] {BillyD} mkt seems to be in coma already

[11:21] {dino} sds s .75

[11:21] {jfjf64} what happen to easy moneyyyyyyyyyyyy

[11:22] {nemo} summer friday heading into lunch

[11:22] {Threei} it doesn't exist after morning rush is over

[11:22] {Threei} not in the summer

[11:22] {Threei} not on Friday

[11:22] {nemo} not at lunch

[11:23] {wulff} options exp.

[11:24] {Threei} no worky BCRX

[11:24] {nemo} there's that slippage

[11:24] {dino} cov sds .63, +.12

[11:25] {magoo} l MS .64

[11:25] {Threei} what slippage did you get??

[11:25] {Threei} .89 was there, .88 was there

[11:25] {nemo} .84

[11:25] {Threei} ???

[11:25] {Threei} you are kidding

[11:26] {nemo} no, blasted right through, I hit the button at .89 it just fell so I hit market sell

[11:26] {dino} nemo never kids

[11:26] {nemo} you had 3 or 400 shares at those levels...with you in there, that would gobble them up

[11:27] {nemo} shoulda' shorted :)

[11:34] {dino} tight range day

[11:34] {BillyD} yeah, NDX 10 pts

[11:37] {wulff} WFC

[11:38] {Threei} (US) White House Advisor Summer: Rising unemployment does not serve as apt basis for concluding that stimulus is falling short

[11:38] {Threei} - Rise in productivity during recession may be a sign of additional financial pressures on firmsmore... (related EUR/USD )

[11:48] {dino} sds l .75

[11:49] {ese} l fitb .14

[11:49] {nemo} not much movement, but volume pretty good

[11:49] {nemo} oil up big today

[11:50] {wulff} JPM long maybe, over .80

[11:54] {BillyD} I like COT setup but not today

[11:54] {BillyD} before it broke down...lol

[12:05] {wulff} Got WFC at .61 but got scared and sold early

[12:13] {nemo} MOS on a tear today

[12:15] {magoo} POT too

[12:15] {nemo} 4:1 % wise on MOS

[12:15] {nemo} well...3:1

[12:18] {BillyD} Vad, you watching BCRX

[12:18] {Threei} not sure for what

[12:18] {Threei} no pattern

[12:19] {BillyD} want to short but action says no

[12:19] {BillyD} just based on top of range

[12:22] {Threei} server bump?

[12:22] {BillyD} not here

[12:23] {dino} here

[12:27] {dino} upside has been relentless

[12:27] {nemo} all week

[12:27] {dino} y

[12:27] {BillyD} and downside the week before

[12:27] {Threei} Long Setup: RIMM .30 break

[12:27] {Threei} if stays above .20

[12:28] {ese} well I never!!!!!!!

[12:31] {dino} nor i

[12:35] {ese} could anything less be happening.........

[12:35] {nemo} there was plenty happening, we were just in the wrong places

[12:35] {jfjf64} good weekend all

[12:35] {Threei} see you in a year

[12:35] {Threei} take care jf

[12:36] {dino} cya jf

[12:36] {ese} cya jf

[12:36] {jfjf64} lotta fun this week goin to bank

[12:36] {jfjf64} lol

[12:36] {Threei} wtg

[12:36] {jfjf64} ty

[12:36] {Threei} but I am still leaving for a year

[12:36] {jfjf64} ese will tk ya spot

[12:36] {dino} gj

[12:37] {jfjf64} i bet he will hv music in background

[12:37] {ese} you bet

[12:38] {magoo} in rimm

[12:41] {magoo} CIT goin

[12:44] {nemo} anybody think MOS might be looking like a short?

[12:45] {nemo} guess not

[12:47] {magoo} kickin rimm

[12:49] {magoo} pulled a muscle dammit

[12:49] {nemo} stop "Web" surfin'

[12:49] {nemo} there goes mos

[12:53] {magoo} out rimm flat

[13:00] {ese} the myth of the "BLUSHDA" L=left R=right small l or r are grace notes...here we go..... rL rrL rL rrL etc etc lR llR lR llR....try it in triplets and sixteens next time you have time at home.....thank you....thought this would brighten your day

[13:00] {nemo} Somebody think up something creative with which to SMACK ese!

[13:02] {ese} whaaaaaaaa??????? nobody wants to be a drummer........auch du miya.........i'm hurt

[13:03] {nemo} Oy weh.

[13:06] {Threei} lol BCRX... now it decided to go?

[13:06] {nemo} and look at MOS

[13:07] {Threei} sorry... I don't care about MOS... that's dino's risk profile, not mine

[13:07] {nemo} Dino...look at MOS

[13:11] {dino} takeover rumors

[13:12] {dino} markets maybe rollingover

[13:12] {nemo} yeah, actually I was just busting when I was calling for opinions on a short @53

[13:13] {dino} thinking about going short

[13:14] {dino} markets that is

[13:14] {nemo} C U Monday

[13:14] {dino} cya nemo

[13:15] {Threei} lol... that's disgusting behavior by BCRX

[13:15] {BillyD} it's rude

[13:15] {Threei} very

[13:16] {Threei} this is what it was supposed to do back then

[13:20] {magoo} reload rimm ..28

[13:26] {_bradc} are you in rimm?

[13:27] {Threei} am not

[13:28] {magoo} i am .28

[13:28] {magoo} trying to exit .44

[13:30] {BillyD} magoo having to work for every penny on RIMM

[13:30] {magoo} out ..yea..and im lazy bastard

[13:33] {magoo} ty rimm boss

[13:45] {Threei} up we go some more

[13:46] {BillyD} just hard to play these breaks due to stops to wide

[13:46] {BillyD} a spike down and you are stopped

[13:46] {Threei} this is not a breakout game right now, I agree

[13:46] {Threei} pullbacks, yes

[13:46] {Threei} breakouts are mostly traps

[13:47] {BillyD} good entries are key

[13:49] {_bradc} on rimm the range was between .20 and .40, what did you see that made you call long at .30?

[13:50] {magoo} ill tell u what i saw..aapl finally started to break out, so i hit rimm

[13:51] {Threei} that trade long invalidated

[13:51] {magoo} it was .28 when aapl too its day highh of .45

[13:51] {Threei} the one magoo did came way later and was not directly tied into my call, other than general idea

[13:51] {Threei} at the time, idea of the trade was:

[13:51] {Threei} range .20 - .40,

[13:52] {Threei} hate to play breakout since stop would have to be so wide,

[13:52] {Threei} so want to try and get pullback,

[13:52] {BillyD} AAPL nice here

[13:52] {Threei} stock pulls under .30,

[13:52] {Threei} stabilizes,

[13:52] {Threei} bums into .30 couple times forming little resistance,

[13:52] {Threei} so we have minirange .20 - .30

[13:53] {Threei} and .30 becomes a trigger for a pullback entry.

[13:53] {Threei} Much closer to support, stop is way narrower

[13:53] {Threei} kind of semi-agressive entry

[13:53] {_bradc} thank you very much

[13:54] {Threei} sure thing

[13:54] {magoo} have a fish

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

[13:54] {Threei} sigh... rite of passage

[13:55] {_bradc} more trout please

[13:56] {Threei} careful... with magoo around won't have to ask twice

[13:56] {BillyD} Vad, does your NQ chart lag a few seconds behind compared to main stocks when they follow (AAPL{ RIMM) & breaking up before seen on NQ chart

[13:56] {Threei} gotta watch in each particular case Billy

[13:56] {Threei} someof them sometimes lead, some follow

[13:57] {Threei} it's nto once and forever established relation

[13:57] {BillyD} was curious in more general rule

[13:57] {magoo} u using naz or q billy, im using Q chart

[13:57] {BillyD} q

[13:57] {BillyD} like AAPL moved thru .31 hitting .36 before uptick on Q chart

[13:57] {Threei} there is no general rule... some stock follow, some lead

[13:58] {Threei} some don't care

[13:58] {Threei} and any of them can change tomorrow

[13:58] {dino} ge hl l .75 stop lod

[13:58] {BillyD} so I shouldn't put too much stock into it

[13:59] {Threei} my favorites are those that follow with little delay

[13:59] {BillyD} yeah, that is the best way to work it

[13:59] {BillyD} otherwise hit and miss

[14:00] {magoo} WFC short

[14:01] {magoo} aapl sh .25

[14:01] {Threei} what the

[14:02] {Threei} mibbit must be acting up

[14:02] {magoo} aapl stop .40

[14:03] {magoo} 25 stop .wfc

[14:03] {magoo} imposs to short these days

[14:04] {magoo} stooped

[14:04] {BillyD} mkt climbs a wall of worry

[14:04] {BillyD} hard to get good follow thru

[14:04] {Threei} why are you fighitn the tape mags

[14:04] {Threei} there is nothing to indicate short

[14:05] {magoo} looked like rolling over

[14:05] {magoo} duped me

[14:12] {BillyD} BCRX looked like it was heading up to the .50 area and died

[14:13] {dptl} ok...done for today....have a good weekend all

[14:13] {BillyD} bye dp

[14:14] {dino} cya dp

[14:16] {Threei} take care dp

[14:17] {magoo} bye dp

[14:18] {Threei} magoo

[14:18] {Threei} loom to your right

06[14:18] * magoo slaps laserdave around a bit with a large trout

06[14:18] * magoo slaps laserdave around a bit with a large trout

06[14:18] * magoo slaps laserdave around a bit with a large trout

[14:18] {Threei} fish abundance

[14:19] {magoo} thanx for notice

[14:19] {Threei} one day dave will read Douglas Admas and say: good bye and thanks for all the fish

[14:25] {laserdave} :)

[14:26] {Threei} chessire cat smile?

06[14:37] * magoo slaps Threei around a bit with a large trout

[14:39] {magoo} moissed IBM move

[14:39] {Threei} huh?

[14:39] {Threei} there are 10000 stocks

[14:39] {magoo} what?

[14:39] {Threei} you are going to slap me for each one I miss?

[14:39] {magoo} no..just for that one

[14:39] {Threei} oh

[14:39] {Threei} okay then

[14:40] {BillyD} that's what scanners are for

[14:40] {magoo} u missed others too

[14:40] {BillyD} so you don't miss IBM

[14:40] {Threei} you guys...

[14:40] {BillyD} hehe

[14:40] {Threei} tell you what

[14:41] {Threei} go out there are find anyone who makes real time calls who would perform this summer as I did

[14:41] {Threei} or last fall for that matter

[14:41] {Threei} or winter

[14:41] {BillyD} hmmmm

[14:41] {Threei} fall probaly being the best indication since it was the world of hurt everywhere

[14:42] {Threei} and we made money day in day out

[14:42] {BillyD} we are spoiled and want more.....

[14:42] {BillyD} :)

[14:42] {Threei} well... maybe you need a reality check now and then... I am going to monastery for a year

[14:43] {Threei} when I am back, tell me whether you want me to start this again

[14:43] {BillyD} that would be serious reality check for you

[14:43] {Threei} what to check.. I found this great mountain all-female monastery...

[14:44] {BillyD} I see, you would not come back after

[14:44] {BillyD} a year

[14:45] {BillyD} magoo started and I chimed in for lack of anything else to do

[14:45] {BillyD} and I know how much you like to be badgered

[14:46] {Threei} lol

[14:46] {dino} zzzzzzzzzzzzzzzzzzzzzzz

06[14:47] * magoo slaps dino around a bit with a large trout

[14:54] {magoo} vad rot or rip

[14:55] {Threei} sideways or rip

[15:04] {magoo} CIT crushed

[15:04] {Threei} Update: Philadelphia's city government has stopped paying its vendors, citing a cash crisis - WSJ

[15:04] {Threei} - Mayor Nutter took this action after the Pennsylvania legislature failed to grant him authorization to raise the city sales tax and change the formula for the city's contribution to its employee pension plan, which the mayor sought as a means of closing the city's budget gap.

[15:05] {BillyD} amazing signs everywhere

[15:06] {Threei} CNBC's Faber: Sources indicating investors would prefer investing in a debtor in possession scenario and that a bankruptcy filing is more likely than not at this point

[15:06] {Threei} - Faber reiterates bankruptcy filing is not likely today, but could come over the weekend

[15:06] {Threei} that's for CIT mags

[15:06] {BillyD} tell the mayor to seel some bonds

[15:06] {BillyD} sell

[15:08] {dino} municipalities look like the next shoe to drop

[15:09] {BillyD} scary in that it directly hits people

[15:09] {dino} indeed

[15:11] {dino} big problem i hear, muni's not getting real estate tranfer taxes (sales way down) or real estate/school taxes (foreclosures), budgets count on these

[15:11] {BillyD} very true

[15:12] {BillyD} once homes sold they will get the re taxes but it kills their cash flow

[15:12] {dino} most do not realize how important the r.e. business is to eveything

[15:12] {BillyD} big ripple effect

[15:12] {dino} yes

[15:22] {ese} well this has been a "B"flat nothing day for me for sure.....am still long fitb .14......

[15:23] {ese} hows everyone else doin

[15:23] {dino} 550

[15:24] {ese} beats my -563

[15:24] {ese} good work dino

[15:24] {dino} i've strugled this month

[15:25] {dino} not good enough

[15:25] {ese} it'll even out for sure

[15:25] {dino} had to go back to scalping

[15:27] {ese} hmmmmmmm it's good to fall back on though......550's nothing to sneeze at

[15:28] {dino} when i hit a wall, back to scalps.

[15:28] {dino} tight ranges tough on my normal style

[15:28] {ese} good on ya...

[15:29] {dino} rockin' horse winner

[15:30] {dino} wow thought someone would get that

[15:32] {ese} haven't heard that saying for a while......i might have forgot what it means......from a movie right?

[15:32] {dino} "there must be more money"

[15:32] {dino} kid rides his rocking horse to predict horse winners

[15:32] {ese} ya......i remember now

[15:33] {magoo} MOS CRASH

[15:34] {magoo} news "no offer?"

[15:34] {Threei} MOS Vale denies making any offers for fertilizer companies, expanding operations remains strategic goal

[15:34] {Threei} - to concentrate on organic growth

[15:34] {Threei} - Reminder: on 7/16 Brazil's Estado news agency r... (49.87, -0.11, -0.22%) more... (related VALE POT AGU MON )

[15:36] {ese} wow.....anybody short that

[15:42] {ese} well....i've had enough for one wekk.....catch you all monday.......have a great weekend

[15:43] {ese} week

[15:43] {Threei} take care ese

[15:43] {ese} see ya vad

[15:43] {dino} cya es

[15:54] {BillyD} OPWV has nice chart for next week possibly

[15:54] {Threei} worth watching for sure

[15:54] {BillyD} KONG at it again

[15:58] {dino} out ge -.07

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {magoo} ty

[15:58] {Threei} that was a fairly nice week

[15:58] {Threei} even though magoo is unhappy with me

[15:59] {Threei} but what else is new

[15:59] {Threei} have a great weekend, see you on Monday

[15:59] {Threei} unless I am in monastery by then

[15:59] {dino} wow 8 days in row ndx

[15:59] {BillyD} thx Vad, have a good wknd

[16:00] {dino} sm sds position holdover