Aug 10 2009

Not bad for August Monday, with nice wins on LVS, AIG , HIG, scalp on WFC and couple small stops that didn't make much dent. Oh, and of course a few hours of boredom.

Session Time: Mon Aug 10 00:00:00 2009

[08:28] {Threei} BLTXX Baltic Dry Buk Index -3% (8th straight decline)

[08:30] {Threei} DEPO Reports Encouraging Results of its Phase I Trial for DM-1992 Program in Parkinsons Disease

[08:57] {fernp} good morning everybody

[08:57] {Threei} fern :)

[09:00] {nemo} mornin

[09:01] {Threei} nemo :)

[09:02] {nemo} Hi lari

[09:02] {larisa} gm :)

[09:03] {Threei} larisa :)

[09:03] {Threei} dino, welcome back

[09:03] {nemo} should we tattle on magoo?

[09:03] {Threei} of course

[09:03] {Threei} and tattle we will

[09:04] {dino} gm all

[09:04] {nemo} dino :)

[09:05] {fernp} welcome home, dino :)

[09:08] {dptl} good morning all

[09:08] {Threei} dp :)

[09:11] {dino} thx all, magoo said i missed a very profittable week.

[09:12] {nemo} How's your computer look?

[09:13] {Threei} yeah, he claimed the best week of the year

[09:13] {dino} computer still issues w/cyber, all other issues ok. trading on backup, ordered new trading only system

[09:15] {ese} good morning

[09:15] {Threei} ese :)

[09:15] {ese} hey vad

[09:16] {ese} first real day of rain here this summer

[09:16] {Threei} yup

[09:16] {Threei} http://www.realitytrader.com/photography/2009/08/can-you-think-of-better-walking-trails.html

[09:20] {cosmo} ....the trail to the bank?

[09:21] {nemo} good one cosmo

[09:21] {cosmo} ...at the dock of the bay?

[09:22] {patel} good morning

[09:24] {BillyD} GM all

[09:24] {cosmo} TIBX

[09:24] {Threei} patel, billy :)

[09:26] {cosmo} TIBX pre mkt high = 10.55 fwiw

[09:26] {jfjf64} mornin all;

[09:26] {Threei} jf :)

[09:26] {magoo} morning

[09:27] {Threei} magoo :)

[09:27] {Threei} DryShips, Inc Reached agreement with West LB on waiver terms for $71M of Debt

[09:27] {Threei} - CEO: We are delighted to have reached an agreement with West LB. This facility covers 2 of our drybulk vessels. We continue to have constructive discussions with the remainder of our banks who are all very supportive of the company."

[09:27] {jfjf64} ese ya sittin with drys still

[09:27] {ese} interesting PCLN +10.68 pre market

[09:27] {Threei} TIBX

[09:27] {Threei} TIBCO Software Inc Germany's SAP is in advanced talks to acquire company - Euro Am Sonntag

[09:27] {Threei} - According to unnamed sources, SAP is also interested in acquiring Teradata

[09:27] {Threei} - Terms of prospective deals not disclosed

[09:27] {ese} yup still am JF

[09:28] {ese} yup ...at .40 jf

[09:28] {jfjf64} good

[09:28] {ese} don't think this is enough news to really make it move though.....have bee in 3 days....looling to eject

[09:29] {BillyD} Vad, your eye on LVS?

[09:29] {jfjf64} nice place

[09:29] {dino} pcln

[09:29] {Threei} one of them anyway

[09:30] {cosmo} YRCW # Union workers at YRC Worldwide OK more wage cutsAP(Fri, Aug 7)

[09:30] {dino} es, pcln, thinking short?

[09:32] {Threei} Long Setup: LVS .60 if stays above .50

[09:32] {Threei} late

[09:32] {Threei} no chasing

[09:33] {jfjf64} gv vad a coffee pls

[09:33] {ese} out Drys .51

[09:33] {ese} +.11

[09:33] {Threei} jumped while I typed

[09:33] {Threei} let's see if we get pullback

[09:33] {jfjf64} oxpa .30 break

[09:34] {_lisa} do we go in here?

[09:34] {Threei} unclear yet

[09:35] {Threei} .65 long if holding .60

[09:35] {jfjf64} opxa sorry

[09:35] {Threei} 1:2

[09:36] {Threei} half out or scalp

[09:36] {jfjf64} ty

[09:37] {Threei} out in full

[09:37] {jfjf64} cof 34 break

[09:37] {Threei} +.35

[09:38] {ese} L pcln .164.27

[09:38] {ese} sorry this thing moving too fast to type

[09:38] {jfjf64} in cof

[09:38] {ese} out pcln

[09:39] {ese} 148.24

[09:39] {nemo} when you going long ese?

[09:39] {ese} +1.97

[09:39] {Threei} AIG Update: Price Target lowered to $10 from $20 at Bernstein, maintains Market Perform rating

[09:39] {Threei} - pre-open (28.79, +1.65, 6.08%)

[09:39] {ese} 1 lot

[09:39] {jfjf64} nice ese

[09:39] {ese} tks......those scare mee a litle

[09:40] {ese} don't have dinos nerve with them

[09:40] {jfjf64} comon cof alreedy

[09:40] {ese} look at how fast it's coming down

[09:40] {Threei} Long Setup: HIG .78 if holding above .70

[09:41] {cosmo} DISH breaky

[09:41] {cosmo} 20.40 test

[09:42] {Threei} Long Setup: LVS 13 break if holding above .90

[09:43] {jfjf64} stop cof

[09:44] {jfjf64} grrrrrrrrrrrrrrrrrr

[09:44] {jfjf64} breakouts shakey

[09:44] {cosmo} DISH no breaky

[09:44] {ese} HIG 20.00 is 6 month high from 6th of January

[09:45] {ese} thats appealing to me

[09:46] {Threei} LVS 1:1, half out

[09:46] {dino} v sm v wide pcln s .00

[09:46] {magoo} RIMM vad, bouncer?

[09:46] {Threei} stop to .98 for the balance

[09:47] {Threei} .450 break RIMM

[09:47] {Threei} if holding .40

[09:47] {Threei} .50 that was

[09:48] {Threei} second half LVS stopped

[09:49] {Threei} HIG turns into bounce candidate

[09:49] {Threei} .60 break long if stays above .50

[09:49] {jfjf64} in

[09:49] {dino} pcln stopped -.50

[09:50] {fernp} in

[09:50] {ese} dino......you watchin PCLN

[09:50] {dino} see above

[09:50] {dino} rinsed

[09:51] {ese} aye,,,,,missed that post.....

[09:51] {jfjf64} grrrrrrrrrrrrrr

[09:51] {Threei} no worky HIG

[09:52] {cosmo} yrcw

[09:52] {dino} thoughts es, on pcln

[09:53] {ese} don't know what to think.....

[09:53] {ese} just wondering if it's strong enough to stay between 147 /148

[09:54] {ese} may considering going long again at 148

[09:54] {jfjf64} axp .25 break

[09:54] {jfjf64} all in

[09:55] {Threei} Long Setup: AIG .30 break half lot

[09:55] {ese} the Q was good it beat estimates ...theoretically is should keep moving up for the day

[09:55] {jfjf64} in

[09:56] {jfjf64} axp

[09:56] {jfjf64} .26

[09:56] {nemo} stop on aig vad

[09:56] {dino} so far you are correct

[09:57] {Threei} .05

[09:57] {Threei} invalidated anyway

[09:58] {Threei} RIMM setup is back

[09:58] {Threei} .50 break if holding .40

[09:58] {jfjf64} .35 break axp i need

[09:59] {jfjf64} then off to da bank

[09:59] {ese} eeeecck.....thos .06 to .10 spreads dino are daunting....dangerous

[09:59] {dino} small

[09:59] {ese} if anything ya

[09:59] {Threei} invalidated again

[10:00] {jfjf64} out even axp

[10:01] {ese} HIG capitulation

[10:01] {jfjf64} yup

[10:01] {dino} pcln, break of .00, sm s trig imo

[10:02] {jfjf64} .25 break hig

[10:02] {ese} i'll try that....

[10:02] {jfjf64} in

[10:03] {jfjf64} comon ese

[10:04] {ese} watchin pclnb

[10:04] {ese} lokks good though jf

[10:05] {jfjf64} monday monday

[10:05] {ese} great tune.....and it applies

[10:06] {Threei} Long Setup: AIG 29.10 break

[10:06] {Threei} if stays above 29

[10:07] {jfjf64} stop hig

[10:07] {jfjf64} in 11 aig

[10:08] {jfjf64} wher is ya stop vad

[10:08] {Threei} [10:06] {Threei} if stays above 29

[10:08] {nemo} .00

[10:08] {jfjf64} sorry mr vad was in hig

[10:09] {Threei} not 00 nemo... under

[10:09] {nemo} 29.00

[10:09] {jfjf64} ty

[10:09] {Threei} UNDER

[10:10] {Threei} 1:1

[10:10] {Threei} half out .35

[10:10] {ese} Laig .19

[10:10] {Threei} sorry, .25

[10:10] {jfjf64} half out

[10:10] {Threei} ese... .19??

[10:10] {ese} out .28

[10:10] {ese} +.09

[10:11] {jfjf64} go aig

[10:11] {Threei} 1/4 more out .38

[10:11] {BillyD} out aig ty

[10:11] {ese} ya i had a buy stop at .20 from that 1 min bar just after 10am

[10:12] {jfjf64} done

[10:12] {jfjf64} ty vad

[10:12] {Threei} last portion stop under .10, offering .55

[10:12] {ese} in and out with 4k....i'm happy

[10:13] {ese} you all are doing well

[10:13] {Threei} just entry was a bit too high ese... it established nice tight range lower, which was the reason for my call

[10:13] {jfjf64} aig .45 break i will try again

[10:16] {ese} at 10.02 am i have a 1min bar with a high of .20.....was waiting for that break

[10:16] {ese} and was looking for the market to bounce up

[10:16] {ese} waited too long you figure?

[10:17] {Threei} it danced netween 29 and 29.10 enough to form a tighter entry

[10:18] {BillyD} perfect setup for AIG

[10:18] {BillyD} not often that tight

[10:18] {ese} missed pcln......watching aig

[10:18] {ese} dino did you get in?

[10:20] {nemo} rimm Vad

[10:23] {Threei} can't believe AIG bounced from .10... how's that for precision

[10:24] {BillyD} especially for its volatility

[10:24] {Threei} yeah

[10:24] {BillyD} it might hold a conventional support

[10:24] {Threei} accident of course but plesant nonetheless

[10:25] {magoo} still in it looking for rip

[10:26] {magoo} sigh..takes .50 and falls

[10:27] {dino} no es

[10:28] {Threei} (RU) Russian Financial Minister: Sees no need for Rouble devaluation

[10:28] {ese} it's ming a nice move

[10:29] {Threei} nope, it will happen by itself, why bother

[10:29] {ese} making

[10:29] {dino} yeah, 150 strikes

[10:30] {dino} this should about do it, imo

[10:32] {fernp} BAC breakout, Vad?

[10:32] {ese} yes

[10:32] {ese} heck of a move +18 pts

[10:32] {Threei} can't tell fern

[10:33] {Threei} potential for a trap is just as great

[10:33] {dino} missed it

[10:34] {magoo} out AIG

[10:34] {fernp} ok, i'll try .75 with half lot. TY

[10:35] {ese} L BAC .71

[10:36] {ese} stop .69

[10:38] {magoo} hig trying vad

[10:39] {dino} pcln sm s .00

[10:39] {Threei} I'd like to try coinservative entry on it mags

[10:39] {Threei} let it pull back under .30

[10:39] {Threei} grab it with stop under .20

[10:39] {magoo} yea..ok

[10:40] {magoo} RIMM yet vad?

[10:40] {Threei} hwere we go

[10:40] {Threei} RIMM no

[10:44] {dino} cov pcln .40, +.60

[10:45] {Threei} HIG 1:1 from .30 entry

[10:45] {Threei} while regular break would have kept you at merely 1/3 r/r here

[10:45] {magoo} i make the snowballs...vad throws them :)

[10:47] {Threei} AIG strill not shortable...

[10:47] {Threei} wanted to call 29 break

[10:47] {Threei} tested, not available

[10:48] {Threei} grrr

[10:48] {magoo} its time for RIMM imo

[10:48] {Threei} look how it would have worked

[10:48] {ese} nice one dino

[10:48] {Threei} maybe mags... I am wary of it for now, it's disproportionally weak

[10:53] {ese} out BAC .80 +.09

[10:55] {Threei} nice scalping footwork

[10:56] {ese} tks.....Bac feels very comfortable to trade ....for the size....the fills are instantaneous

[10:56] {Threei} they are on any stock with right broker :)

[10:57] {ese} i hear ya.....i do need to change mine

[10:58] {dino} thx es, and gj

[10:58] {ese} tks also

[10:59] {ese} vad...take a look at drys for me.....04 cent consolidation around .50....this should go up

[10:59] {Threei} it's a valid setup

[11:00] {Threei} whether it works or not is up to trading gods

[11:00] {ese} ya.....thats i was thinking

[11:00] {Threei} I am more fond of conservative entries today

[11:00] {Threei} or agressive

[11:00] {Threei} regilar ones have less chance

[11:01] {magoo} almost green index

[11:01] {ese} what do you consider drys to be

[11:01] {BillyD} look at CROX...nice uptrend today

[11:01] {Threei} .50 break would be regular

[11:01] {ese} OK,,,gotcha

[11:01] {Threei} entry on dive to .45 a few min ago would be aggressive

[11:02] {ese} tks

[11:03] {fernp} out BAC +.10

[11:03] {ese} nice one fern

[11:03] {fernp} ty ese

[11:04] {ese} 20K ?

[11:04] {fernp} half lot. 500

[11:04] {ese} that works....nice one

[11:08] {dino} pcln continues down, cov too soon

[11:09] {ese} my wife the nurse just took a look at drys 1min chart......and quips...."looks like a fetal heart rate"......had to be here ...was funnny

[11:10] {Threei} lol

[11:14] {ese} market has gone comatose

[11:16] {nemo} the market is one with Vad

[11:16] {ese} can here the ummmmmmmm ummmmmmmmm ummmmmmmmm from here

[11:16] {nemo} it's more like Ohmmmmmmmmmmmmm

[11:17] {ese} no it's ummmmmmmmmmm followed by a question in his head......"what in heack are they doing this to me for?"

[11:18] {nemo} I get it.

[11:19] {Threei} you are severely overestimate the sophisticaon of my mental process, ese

[11:19] {Threei} it's more like:

[11:19] {Threei} who are they?

[11:19] {Threei} what am I doing here?

[11:19] {Threei} what do all these blinking numbers mean?

[11:19] {ese} and whay have I subjected myself to this?

[11:20] {Threei} no... still too sophisticated...

[11:20] {Threei} would have to define "this"

[11:21] {ese} ha ha lol

[11:21] {Threei} btw ese

[11:21] {Threei} recognize the spot:

[11:22] {Threei} http://www.realitytrader.com/photography/2009/08/can-you-think-of-better-walking-trails.html

[11:22] {ese} will have a look

[11:22] {Threei} there are two actually, dailight and sunset are taken in diff places

[11:23] {ese} how about island view beach?????????

[11:23] {ese} that was my wifes quess

[11:24] {Threei} Dallas rd for daylight... :0

[11:24] {ese} ahhhhhh.......Washinton Stae across the way.....got it

[11:25] {fernp} really good pics

[11:25] {Threei} ty

[11:25] {ese} excellent pics........second calling i would say

[11:25] {Threei} {BillyD} where'd you bought'em?

[11:25] {BillyD} 6

[11:25] {ese} ouch!

[11:26] {BillyD} sorry, thought you were asking about CROX

[11:26] {Threei} lol

[11:26] {BillyD} lol

[11:26] {BillyD} I remeber now though

[11:27] {BillyD} I like RRD chart but not sure about follow thru in this mkt

[11:27] {ese} am going comatose......have finger on buy trigger for drys......almost ....almost.......almost..........ahhhhhhhhhhhhh.......grabbed right hand away with left.....pheeeeeeeeeewwwwwww

[11:28] {ese} grabbed right hand away with left

[11:28] {Threei} lol

[11:28] {Threei} .75 break in retrospectwas better setup

[11:28] {ese} that was close

[11:28] {Threei} on RRD

[11:28] {BillyD} yeah

[11:29] {BillyD} I wasn't there in retrospect...lol

[11:29] {Threei} keeping an eye on WFC

[11:29] {Threei} in real retrospect, none of us was... {G}

[11:29] {BillyD} very true

[11:29] {Threei} unless in previous life

[11:30] {Threei} WFC stays green and lcose to day high while market retreats

[11:30] {ese} right hand on buy trigger for WFC....................almoooooooooost..............taken away at the last second.....pheeeeeeeeeew

[11:30] {ese} mind games with the market

[11:30] {Threei} lol... Monday has ese at total loss of self-control

[11:31] {fernp} ese, are u going to try .50 long on DRYS?

[11:31] {ese} shere am i...........whats this board.....who are you guys...........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:31] {ese} considering it fern

[11:32] {fernp} ok

[11:32] {ese} market has to do something first......anything

[11:32] {fernp} true

[11:45] {Threei} trying to make uop my mind on WFC range break'

[11:45] {Threei} still no opinion

[11:46] {BillyD} not much conviction out there

[11:48] {Threei} no

[11:49] {Threei} maybe just scalp it within the rane instead if market bounces

[11:49] {Threei} range

[11:49] {nemo} could bounce at .78 pivot at .70

[11:49] {Threei} (RU) Reportedly new Russian car sales in July fall 58% y/y to 157.9K units

[11:51] {nemo} bounced at .78

[11:51] {Threei} I ttok .79

[11:52] {Threei} call me "beyond bored"

[11:52] {ese} LADA ?

[11:52] {fernp} took .80 here

[11:52] {nemo} what chapter in the "Captain Obvious" story is that?

[11:52] {Threei} AIG... this thing just won't quit

[11:53] {Threei} boredom trades get punished fern, eh? :)

[11:54] {fernp} yeah

[11:54] {Threei} although market feels like stronger bounce is coming

[11:54] {fernp} .76 is my stop still in

[11:55] {Threei} yup

[11:58] {ese} gotta say.... I like the drys is holding up as the market is tanking.....

[12:02] {Threei} I am out fern

[12:02] {Threei} .86

[12:02] {fernp} not filled here

[12:02] {Threei} it's coming

[12:02] {Threei} still no??

[12:03] {fernp} yes yes

[12:03] {Threei} gosh, what your broker routes with?

[12:03] {Threei} :)

[12:03] {fernp} ARCA

[12:03] {Threei} and no routing out to other ECNs or what

[12:03] {Threei} there were INET, BATS and someone else at the bid

[12:04] {Threei} and EDGX was the only one remaining at the offer

[12:04] {fernp} I am testing Laser. so I have Laser + brokers' execution window

[12:04] {Threei} you should have been taken out faster

[12:04] {fernp} a mess

[12:10] {magoo} HIG was stronger than mkt vad..

[12:10] {magoo} on mkt pullbk

[12:11] {Threei} true

[12:11] {Threei} and moves up now

[12:13] {Threei} if we get lucky to have opullback closer to .40 I'd be interested

[12:16] {magoo} and u dont think RIMM will bounce?..never ever ever again?

[12:17] {dino} rimm to 70 by exp. imo magoo

[12:17] {ese} man this consolidation in drys is traders dream for institutional traders moving 100000shs lots back and forth across .01 for .01 cent each time....easy money

[12:18] {Threei} not jazzed about RIMM mags

[12:21] {dino} genz drop

[12:25] {fernp} AMAT breaking today and friday low

[12:29] {ese} it seems to me the last 3 trading sessions....the market has bias to the down side......corection coming maybe?

[12:30] {dino} would seem overdue. plus week before exp. usually down 36%

[12:30] {dino} 3-6%

[12:32] {ese} would agree

[12:32] {fernp} out AMAT +.06

[12:33] {dino} gj

[12:33] {ese} gj fern

[12:33] {fernp} ty

[12:33] {ese} nice capitulation

[12:36] {dino} pcln droppping, last support around 147.20, break of tha may be trig short

[12:37] {dino} and as soon as i type that it jumps

[12:47] {dino} genz lod

[12:47] {ese} BAC fighting the market as well now

[12:48] {ese} maybe not

[12:52] {Threei} ok... here goes:

[12:52] {Threei} Guess who is on TV

[12:53] {Threei} I know larisa, I know

[12:53] {larisa} yes please

[12:56] {nemo} anybody check Vad's vital signs

[12:57] {Threei} why

[12:57] {nemo} make sure it's only a coma

[12:57] {Threei} of course it is... occurs every day

[12:58] {Threei} although astute observer would say, started years ago and still continues

[12:58] {nemo} Haven't heard a peep out of the bird either

[12:59] {ese} 3rd big buy for drys....vad would you mind having a look at that and confirming that for me......or is that a sell?

[13:00] {ese} is that accumulation in Drys?

[13:01] {Threei} most likely

[13:01] {ese} tks

[13:03] {magoo} news STT"

[13:04] {Threei} STT $625M 2007 legal reserve set for exposure fo sub-prime crisis and fixed income strategies may not be sufficient - WSJ cites 10-Q filing issued earlier today

[13:04] {Threei} - Reserve at June 30 stood at $193M (51.96, -1.90, -3.53%)

[13:04] {dino} new lows

[13:21] {Threei} Long Setup: WFC .40 break if stays above .35

[13:23] {Threei} no go

[13:24] {fernp} stopped

[13:24] {magoo} ]read on STT vad..i thinkin short

[13:24] {ese} L Drys .45

[13:25] {Threei} hard to tell mags

[13:25] {Threei} double bottom is just as likely

[13:25] {magoo} but all finans are weak here

[13:28] {Threei} DNDN Hearing Deutsche Banking making positive comments (timing uncertain) (23.68, -0.13, -0.55%)

[13:36] {Threei} havce a look at HGSI daily guys

[13:37] {Threei} IMO, shapes up as a play in the future

[13:37] {Threei} goes through toght consolidation under 15 on disappearing volume

[13:40] {Threei} WFC

[13:40] {Threei} double bottom is shaping up

[13:41] {Threei} .20 saupport for stop placing just under

[13:42] {Threei} entry is wherevr yolur aggressiveness tells you to

[13:42] {jfjf64} in

[13:44] {ese} in what?

[13:44] {Threei} lol

[13:44] {Threei} ese, following my steps?

[13:44] {Threei} living in coma?

[13:44] {Threei} out

[13:44] {jfjf64} wfc

[13:44] {ese} indeed

[13:44] {fernp} out RIMM from .26 to .36

[13:44] {Threei} took .26, so I am comfortable with .40 exit

[13:44] {patel} thanks 3i

[13:44] {Threei} 1:2

[13:44] {jfjf64} 1/1 half out

[13:45] {patel} all out

[13:45] {ese} L drys still

[13:45] {chiro} woot!!!...just took .40 from RIMM ...after shorting all morning

[13:45] {Threei} you guys should be ashamed of yourselves

[13:45] {Threei} world suffers... and here you are, profiting from the market

[13:46] {Threei} nasty really... no comradierre

[13:46] {ese} helping the world to be honest

[13:46] {jfjf64} stop at .35

[13:46] {patel} yes, stimulating this economy

[13:46] {patel} lol

[13:46] {Threei} what a perfect formation on WFC

[13:46] {Threei} double bottom with higher low

[13:46] {chiro} y is genz up?

[13:47] {jfjf64} done

[13:47] {jfjf64} ty vad wfc

[13:48] {Threei} sure

[13:48] {magoo} out wfc ty

[13:48] {Threei} GENX had news chiro

[13:48] {Threei} GENZ

[13:49] {chiro} ty

[13:49] {Threei} confusing financial statements, read for yourself and see if you can make sense of it

[13:49] {Threei} Monday, August 10, 2009 1:13:14 PM

[13:49] {Threei} Genzyme Corp Provides Update on Cerezyme Supply; Guides 2009 at low end of prior guidance ranges ($2.35-2.90 v $2.80e, $4.6-5B v $4.75Be)

[13:49] {Threei} - Genzyme has made the decision to discard approximately 80% of remaining work-in-process material. This decision was made to minimize risk to the Allston plant and ensure that new supply will be available by the end of this year.

[13:49] {Threei} - Genzymes decision to discard the majority of the work-in-process material has resulted in a Q2 write-off of approximately $8.4M in addition to the $14.2M write-off previously reported. As a result, the companys second-quarter GAAP net income is now $187.6M or $0.68 per diluted share, compared with $192.2M or $0.70 per diluted share reported on July 22. Genzymes second-quarter non-GAAP net income is now $226.6M or $0.82 per diluted share, compared with $232.5M or $0.85 per diluted share previously reported.

[13:49] {Threei} - If Genzyme does not finish and release any of the remaining material, the company would incur an additional write-off of approximately $2.7M. In addition, Genzyme is currently in discussions with regulatory authorities regarding the release of two lots of Cerezyme that were finished before the plant was shut down. If these finished goods are not released, Genzyme will incur an additional write-off of $3.1M.

[13:49] {Threei} - reminder: on 7/31, GENZ said FDA would reinspect the facility that makes Cerezyme after an initial inspection in May that resulted in a warning letter.

[13:49] {chiro} thnx...but id rather read charts

[13:49] {jfjf64} .93 l usb

[13:51] {dino} smaller than projected costs it would seem

[14:03] {fernp} LVS double bottom, Vad?

[14:03] {Threei} no

[14:03] {Threei} looks rather breakdownish to me

[14:04] {fernp} thanks

[14:06] {dptl} have a good evening all

[14:07] {fernp} bye dp

[14:07] {Threei} take care dp

[14:07] {ese} dddddddpppppppp take care

[14:10] {BillyD} anyone using the NASDAQ route with laser?

[14:11] {Threei} this is the one to use on NASDAQ stocks Billy

[14:12] {Threei} it's former INET/ISLD

[14:12] {BillyD} right and then have it route to INET

[14:12] {BillyD} Vad, under, your Route option on the menu bar

[14:13] {BillyD} dou you have routing strategy "Scan" selected

[14:13] {Threei} I have STGY

[14:14] {Threei} but I still haven't upgraded to latest version

[14:14] {BillyD} ok

[14:14] {Threei} so may not be exact match to yours

[14:15] {BillyD} sometimes it seems I have order sitting on INET for quite a while in advance and everyone else is hit first

[14:15] {BillyD} especially on thick stocks

[14:15] {Threei} dp is your man to talk about it

[14:15] {BillyD} ok, he just left

[14:16] {Threei} he has this approach where he watches for the most active ECN on certain stock

[14:16] {BillyD} ty

[14:16] {Threei} and uses it for their orders

[14:16] {Threei} says he gets his fills faster

[14:16] {Threei} EDGX or BATS for instance

[14:17] {BillyD} I have tried EDGX before

[14:18] {Threei} fern... shorted LVSA by any chance?

[14:18] {Threei} LVS

[14:19] {fernp} how do u know that?

[14:19] {fernp} shorted .38

[14:20] {Threei} I have camera in your office, didn't you know?

[14:20] {Threei} magoo starts his day by debugging his office

[14:20] {Threei} and manages to catch 4 out of 5

[14:20] {fernp} i have to do the same here ;-)

[14:20] {Threei} :)

[14:20] {Threei} [14:03] {fernp} LVS double bottom, Vad?

[14:20] {Threei} [14:03] {Threei} no

[14:20] {Threei} [14:03] {Threei} looks rather breakdownish to me

[14:21] {Threei} then it broike down...

[14:21] {Threei} so I asked :)

[14:21] {fernp} grabbed +.10 ty

[14:21] {Threei} :)

[14:28] {Threei} FRE S&P affirms ratings in light of Q2 results; sees US Govt providing 'extraordinary support' if deemed necessary (7.72, +0.03, 0.39%)

[14:40] {ese} days like this give new meaning to etching out a living

[14:54] {Threei} see now why I prefer coma?

[14:55] {BillyD} coma saves from forcing trades

[14:56] {Threei} yup

[15:12] {Threei} 32% Favor Single-Payer Health Care, 57% Oppose

[15:12] {Threei} On Health Care, 51% Fear Government More Than Insurance Companies

[15:12] {BillyD} only 49% left to wake up

[15:12] {Threei} lol

[15:13] {Threei} scariest words in the world:

[15:13] {Threei} I am from the goverment and I am here to help

[15:13] {nemo} beat me to it

[15:13] {nemo} come comrade, you are sick

[15:13] {Threei} I am faster in my coma than you are in yours

[15:14] {chiro} perhaps, but i snore louder

[15:16] {chiro} r u surprised that RIMM isnt participating in this bounce?

[15:16] {Threei} no

[15:16] {Threei} didn't like it whole day

[15:19] {dino} pcln spike

[15:20] {ese} wow

[15:20] {ese} almost up 20pts on the day

[15:22] {ese} enhanced college fund somewhere

[15:27] {jfjf64} lets go boys ..85 break aig

[15:28] {jfjf64} weird day

[15:29] {Threei} Monday... mid August

[15:29] {Threei} you made money today?

[15:29] {jfjf64} little

[15:29] {Threei} frame it and put it on the wall

[15:30] {Threei} we run somethere around 80% this summer by my intuitive estimate

[15:30] {Threei} tell about it any trader outside of this asylum,

[15:30] {jfjf64} aig

[15:30] {Threei} see their reaction

[15:31] {jfjf64} gonna go

[15:32] {jfjf64} in

[15:32] {jfjf64} hope it wasnt trapppppppppppppp

[15:33] {jfjf64} grrrrrrrrrrr

[15:33] {jfjf64} sd learn the coma

[15:37] {Threei} (US) California could reportedly disclose timing of end of IOU program tommorow

[15:39] {jfjf64} lvs c/h

[15:39] {Threei} nah

[15:39] {jfjf64} ty

[15:42] {jfjf64} good night guys

[15:42] {BillyD} same here, cya tomorrow

[15:43] {Threei} take care guys

[15:53] {Threei} DNDN Signs Lease for New Manufacturing Facility in Atlanta

[15:53] {Threei} - signed a lease agreement with Majestic Realty Co. to build a 160,000 square-foot manufacturing fac

[15:53] {Threei} ility

[15:55] {Threei} okay guys, thank you all

[15:55] {larisa} bye :)

[15:55] {Threei} have a good evening, see you tomorrow

[16:00] {fernp} good nite all

[16:03] {ese} later eh......