Aug 17 2009

6 calls, 6 wins - nothing to complain about, even though second half of the day was obligatory August boredom embodiment. LVS, BAC and AAPL were the heroes of the day - interestingly enough, all on the long side.

Session Time: Mon Aug 17 00:00:00 2009

[08:11] {Threei} Preview: Aug Empire Manufacturing Index due out at 8:30amET

[08:11] {Threei} ***consensus estimate: -3.00e v -0.55 prior (Most analyst range of estimates seen from 1.0 to 6.0)more...

[08:11] {Threei} BLTXX Baltic Dry Bulk Index +0.8% (third straight increase)

[08:30] {Threei} Aug Empire Manufacturing: 12.08 v 3.00 expec

[08:31] {Threei} EUR/USD USD retraces overnight gains following first positive Emprie manufacturing reading since Apr 2008

[08:32] {nemo} $ up big

[08:32] {nemo} or are the quotes on that frozen too

[08:32] {Threei} - EUR/USD trading at 1.4080 after testing 1.4048 earlier today

[08:48] {fernp} good morning everybody

[08:49] {Threei} fern :)

[08:49] {patel} good morning traders

[08:49] {Threei} patel :)

[08:49] {Threei} fern... left just a tad too early on Fri... goes for Billy too :(

[08:50] {Threei} beautiful play came along just as you went for the weekend

[08:50] {patel} i missed the whole day had to take the wife to the doctor's office

[08:50] {fernp} in BAC I know

[08:50] {patel} i see you had an excellent day Threei

[08:50] {patel} Good job

[08:50] {Threei} ty

[08:50] {Threei} happens to me once in a while

[08:51] {nemo} Yeah, now he has to eliminate that occasional stop :)

[08:53] {Threei} attempts to do so require waking up... and that leads to catastrophic consequences

[08:53] {nemo} yeah, reality sucks

[08:53] {cosmo} rs

[08:58] {cosmo} just ask IDCC

[08:59] {cosmo} nterDigital Receives Notice of Initial Determination in ITC Patent Infringement Action Against NokiaBusiness Wire(Fri, Aug 14)

[09:00] {cosmo} initial ruling favors Nokia in InterDigital case

[09:00] {Threei} BAC Reports July Master Trust; Net Charge offs 13.82% v 13.81% m/m

[09:00] {Threei} - Delinquencies 7.58% v 7.73% m/m

[09:00] {Threei} - 30-59 days $1.8B v $1.84B m/m

[09:00] {Threei} - 60-89 days $1.5B v $1.... (17.39, 0.00, 0.00%) more...

[09:00] {Threei} IDCC, that's brutal

[09:01] {larisa} good morning :)

[09:01] {Threei} (US) Fed & Treasury extended TALF program to June 30, 2010

[09:01] {Threei} larisa :)

[09:01] {cosmo} BPAX to the rescue?

[09:01] {nemo} Hi Lari

[09:01] {larisa} :)

[09:03] {cosmo} BPAX: ...potential new vaccine against H1N1 (swine flu), which

[09:03] {cosmo} resulted in 100 percent protection from symptoms of illness, including

[09:03] {cosmo} weight loss, and death in animal studies.

[09:04] {cosmo} ...line forms on the right....

[09:04] {Threei} lol

[09:04] {cosmo} :)

[09:11] {dino} gm

[09:11] {Threei} dino :)

[09:16] {magoo} morning

[09:16] {Threei} magoo :)

[09:17] {nemo} magus :)

[09:19] {dptl} good morning all

[09:19] {Threei} dp :)

[09:22] {magoo} pretty big gap down vad

[09:22] {BillyD} morning

[09:23] {Threei} Billy :)

[09:24] {Threei} yes mags... you want me to do something about that?

[09:24] {magoo} oy...not already

[09:25] {cosmo} nano

[09:25] {Threei} Billy... whatever you, do not read the log for the Friday after you left

[09:25] {BillyD} ok

[09:26] {nemo} that was mean, Vad

[09:26] {Threei} yeah... your point is?

[09:27] {BillyD} I am sure I missed a good play

[09:27] {nemo} gentle nudges for you to change your evil ways

[09:27] {Threei} uhhu

[09:27] {Threei} see me dropping everything and rushing to change my evil ways

[09:28] {Threei} as it often happens on Mondays, I don't have clear candidates for the open

[09:28] {cosmo} uhhu not listed...

[09:28] {Threei} it's an IPO cosmo

[09:29] {Threei} watching BAC, BPAX

[09:29] {cosmo} ah

[09:29] {Threei} buit no structured play for either

[09:30] {magoo} lvs too vad

[09:30] {Threei} yup, ty

[09:31] {Threei} Long Setup: LVS .15 break

[09:31] {Threei} if stays above 12

[09:32] {magoo} in

[09:32] {Threei} Long Setup: BAC .50 break

[09:32] {Threei} stop under .45

[09:33] {Threei} too fast?

[09:33] {nemo} that was a little quick

[09:33] {fernp} missed bac

[09:33] {magoo} in bac

[09:33] {nemo} 1:1 lvs

[09:34] {Threei} half out BAC here mags

[09:34] {Threei} at least

[09:34] {Threei} LVS, half out

[09:34] {magoo} out lvs

[09:34] {Threei} .28

[09:34] {Threei} scalpers are out

[09:35] {dino} v sm l rtp .25 wide

[09:35] {Threei} that's their evil ways, ya know

[09:35] {nemo} hehehehe

[09:35] {magoo} oyt bac TY

[09:35] {Threei} :)

[09:35] {nemo} and you're leading the pack

[09:35] {Threei} see? and you wanted me to change my ways

[09:35] {Threei} want me to lead you into abyss of kindness?

[09:35] {nemo} Vad on a Harley with a sleevless leather vest

[09:36] {dino} and chaps

[09:36] {Threei} BAC

[09:36] {Threei} lol

[09:36] {Threei} watching for second entry

[09:36] {nemo} And a tshirt that says on the back "If you can read this, the bitch fell off"

[09:36] {Threei} qwant it to hold .45

[09:36] {Threei} nope

[09:36] {Threei} stay away for now, we need new range

[09:36] {BillyD} thought LVS would give more than 1:1

[09:37] {magoo} thats why i got out bac

[09:37] {nemo} that might have been the gasp of hope for the opening

[09:37] {magoo} mkts weak

[09:37] {Threei} still may Billy, but we have nervous opening, so I'd prefer another entry

[09:37] {nemo} Captain Obvious award goes to Magoo

[09:37] {Threei} yeah mags, what's up with that... venturing into my territory

[09:37] {BillyD} I bailed on 2nd half ue to it hit 1:1

[09:37] {magoo} aapl bounce vad?

[09:38] {magoo} not yet

[09:38] {dino} rimm 70s

[09:38] {fernp} LVS again Vad?

[09:38] {Threei} watching it

[09:38] {Threei} no clean structure yet

[09:38] {magoo} CAT too vad

[09:38] {Threei} good read on RIMM last week dino, I remember you saying it's headed for 70s

[09:39] {magoo} he called 70 strike i remember

[09:39] {Threei} OK, LVS

[09:39] {Threei} .10 break if holding 12

[09:40] {Threei} BAC

[09:40] {Threei} .50 break

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

[09:41] {dino} stba drop

[09:41] {Threei} LVS 1:1

[09:41] {dino} thin

[09:41] {BillyD} ty

[09:41] {BillyD} LVS

[09:41] {Threei} seriously can't tell whether it's just scalps or capable of more

[09:42] {Threei} your discretion guys

[09:42] {magoo} out lvs .15

[09:42] {magoo} ty

[09:46] {Threei} Long Setup: AAPL .50 break

[09:46] {Threei} smalish shares

[09:46] {Threei} if holding above .30 - .35

[09:48] {Threei} 1:1

[09:48] {patel} thanks VAD

[09:48] {Threei} :)

[09:48] {Threei} ok BAC, move your butt already, will ya

[09:51] {Threei} AAPL merrily 1:2

[09:52] {Threei} let's trail BAC to under .45

[09:52] {magoo} waiting .23

[09:53] {nemo} on what stock mags?

[09:53] {magoo} aapl..but will cut if have too

[09:53] {magoo} looking over163

[09:54] {magoo} ill let it rip or stop it flat

[09:54] {Threei} BAC over 1:1

[09:54] {fernp} out BAC. ty Vad

[09:54] {Threei} 5 out of 5

[09:55] {Threei} can I go home

[09:55] {Threei} ?

[09:55] {fernp} nope. we need 10 out of 10

[09:56] {Threei} IDCC Guides Q3 R$$73.5-75.5M v 76.6Me

[09:56] {Threei} you are communicating with nemo too much, fern...

[09:56] {fernp} lol

[09:56] {Threei} it's contagious...

[09:57] {nemo} wait till you start growing scales

[09:58] {magoo} out aapl here .08 TY VAD

[09:59] {Threei} 1:3... nice

[09:59] {magoo} out BAC here .65 TY DL

[09:59] {Threei} isn't it funny... markets are in red and haven't really bounced much, yet all our plays are on a long side

[10:00] {nemo} funny "ha ha" or funny strange?

[10:00] {dino} just plain funny

[10:01] {nemo} thought we'd be a bit more granular

[10:01] {Threei} it may make some significant difference for you... but don't me think too much, especially on Monday

[10:01] {magoo} see..aapl had alot of trouble with 163..so i adjusted exit

[10:01] {Threei} or Tuesday

[10:01] {nemo} sorry

[10:01] {Threei} or... you get the drift

[10:01] {magoo} may still go..look to reload if set up appears

[10:04] {nemo} on the five minute chart aapl, could be a bear flag

[10:04] {magoo} yea...it could dump 8 points easy..so careful

[10:04] {nemo} look at 5 min. on Qs

[10:06] {Threei} JPM Reports July Master Trust; Net charge offs 7.92% v 8.04% m/m - filing

[10:09] {Threei} BAC interesting resilience

[10:11] {Threei} compare 1 min JPM and BAC

[10:11] {Threei} looks like there is following here

[10:11] {Threei} and JPM break of .20 should signal BAC to break .70

[10:12] {Threei} also, looks like there is a magnitude correlation as well, 10 cents JPM move translate into 5 cents BAC

[10:17] {cosmo} idcc = red salmon

[10:19] {BillyD} VAd, HIG held last bit of selling pretty well, maybe long candidate

[10:19] {Threei} doesn't move with this bounce...

[10:20] {BillyD} so, kind of stuck in its own world

[10:20] {Threei} yeah

[10:20] {BillyD} ok

[10:21] {Threei} Long Setup: BAC .65

[10:21] {Threei} if stays above .60

[10:22] {magoo} .

[10:22] {nemo} ?

[10:23] {fernp} in

[10:30] {Threei} 1:1

[10:31] {fernp} out TY

[10:31] {Threei} :)

[10:31] {fernp} 6 out of 6

[10:31] {Threei} yup... I insist on going home

[10:32] {magoo} u ARE home:)

[10:32] {BillyD} yeah

[10:33] {Threei} it doesn't matter... it's symbolic gesture

[10:33] {BillyD} yeah, and you aren't going anywhere anyhow :)

[10:33] {nemo} So when you go to work you roll out of bed and sit at your computer in your underwear

[10:33] {Threei} I tested GETCO guys

[10:33] {Threei} on BAC and JPM

[10:34] {Threei} instant fills on both

[10:34] {Threei} some miniscule pass-through charge, nothing even close to usual ECNs

[10:34] {nemo} so good for listeds

[10:34] {Threei} can't use it to lay out

[10:34] {Threei} it's fill or kill

[10:35] {Threei} so I assume it's some variation of that darned flash order {G}

[10:35] {nemo} which could be a problem trying to get out on a stop

[10:35] {Threei} I am not sure it's good for any listed, nemo,

[10:35] {Threei} if I am right about what it is,

[10:36] {Threei} it could be kind of selective deal,

[10:36] {Threei} great if there is a liquidity on this route for specific stock,

[10:36] {Threei} useless if there is none.

[10:36] {Threei} Now, what Bear is working on right now is:

[10:36] {Threei} smart route that will start with GETCO,

[10:37] {Threei} and switch to other routes if there is no fill on it

[10:37] {Threei} thus trying to save you money first, then giving you sure fill if no go on cheapest route.

[10:37] {Threei} This way the main shoertcoming of GETCO gets remeduated

[10:37] {Threei} shirtcoming being, no route out on it

[10:38] {Threei} I'll try it on other listeds and NASDAQ, will report as I observe more on how it works

[10:39] {Threei} (as you can guewss, I finally upgraded my Laser, lol)

[10:42] {Threei} market is frozen

[10:45] {wulff} somebody do something

[10:45] {Threei} why

[10:46] {Threei} you guys are insatiable

[10:46] {wulff} gives me a chance to open my next beer

[10:46] {Threei} 6 for 6, and still you are hungry

[10:46] {Threei} oh beer...

[10:46] {Threei} hmmm

[10:46] {Threei} now that's the concept I may get excited about

[10:51] {BillyD} Vad, on BAC .65 long and .60 stop, do you count a 1:1 at .70 or .72 to include the 1 cent for break of .66 and 1cent stop at .59

[10:51] {Threei} I am not very anal-retentive about that

[10:52] {Threei} look at it this way:

[10:52] {Threei} if your formal 1:1 is .72,

[10:52] {Threei} stock reaches .71

[10:52] {Threei} and you see market stalling or reversing,

[10:52] {Threei} your leader (JPM in theis case) reversing,

[10:52] {BillyD} understand logic, was just clarifying

[10:52] {Threei} and your stock showing weakness

[10:53] {Threei} will you insist on .72 or shrug and grab .71

[10:53] {Threei} and to the heck with that 1 cent

[10:53] {Threei} also, 1:1 level as the spot where they more often than not reverse or pause - it's just a concept

[10:54] {Threei} it's not necessary that literal

[10:54] {Threei} so there is a room for diascretion here

[10:54] {Threei} as with everything in the market

[10:54] {BillyD} true

[11:03] {Threei} NY Fed: Purchased $7.01B in $300B outright coupons purchase; Dealers submitted $15.94B for consideration (bid to cover 2.27)

[11:03] {Threei} - Heaviest purchase was $4.56B in the 06/30/14 maturity

[11:03] {Threei} Note: Avg bid to cover for prior four auctions is 3.

[11:03] {Threei} is 3.28

[11:11] {BillyD} kind of mixed how stocks are reacting to the new mkt lows

[11:14] {larisa} HURN is happy all of a sudden

[11:14] {Threei} with no news

[11:16] {Threei} CX CEO: Not expecting volumes in cement to come back to its peak levels for at least 5 years

[11:16] {Threei} mobsters switched to garotta?

06[11:17] * Threei is looking for a manufacturer of piano strings

[11:17] {BillyD} cement boot sales are down lol

[11:17] {nemo} well, when all the people go belly up on their lone shark lones, they'll go back up

[11:25] {Threei} GETCO worked on LVS just as instantly

[11:26] {BillyD} are you hitting bid/offer prices

[11:26] {Threei} yes, no other way with this route

[11:26] {Threei} also, passthrough is slightly higher on sell side, probably some kind of regulatory fee

[11:26] {Threei} so the ideal way is,

[11:26] {Threei} get in with GETCO, offer it out with ECN that offers rebate

[11:27] {BillyD} good idea

[11:27] {Threei} and make your commissions next to non-exixtent

[11:27] {BillyD} is GETCO like a pool?

[11:27] {Threei} andf if have to bail out, again use GETCO

[11:27] {Threei} sure feels like it

[11:27] {Threei} logistics of it are ones of a dark pool as far as I can tell

[11:28] {BillyD} does Laser still charge us regular commission?

[11:28] {Threei} yes

[11:28] {BillyD} just not the ecn fees

[11:28] {Threei} right

[11:28] {BillyD} ok

[11:29] {Threei} but by getting ECN rebate you effectfively eat into commissions

[11:29] {BillyD} yup

[11:29] {Threei} if you manage to get rebate on both sides of the trade, your commissions will be laughable

[11:29] {BillyD} just have to make sure there is liquidity

[11:29] {Threei} it's not really easy way to trade,

[11:29] {Threei} as we prefer to enter with momentum

[11:29] {Threei} it's mostly exit where we offer into momemntum

[11:30] {Threei} so GETCO in, ECN lay out seems to be the best way

[11:30] {Threei} with variations like:

[11:30] {Threei} try to bid at your idea price,

[11:30] {BillyD} yes and won't be able to pay over entry price in case miss it

[11:30] {Threei} and keep GETCO ready to hit offer if becomes clear tou won't get your bid hit

[11:31] {Threei} for quick switching between routes may want to use programmable keys

[11:31] {Threei} just be careful with that, room for errors is bigger

[11:32] {BillyD} it would have to be faster than manual

[11:32] {Threei} fat fingers, ya know

[11:32] {Threei} yes

[11:33] {Threei} but it's really easy to program "shift-X key for GETCO entry", "shift Y key for bidding on ISLD, etc

[11:33] {nemo} or shift G and Shift I

[11:34] {Threei} that's the idea, pick those that you can memorize easily

[11:34] {BillyD} how iwll it know how many shares to inseryt

[11:34] {BillyD} does it default

[11:34] {Threei} ask dp, he is expert in key shortcuts

[11:34] {BillyD} ok

[11:38] {BillyD} Vad, you watching BAC

[11:38] {Threei} yes but I don't know what to make of it

[11:39] {nemo} kinda looks like spy

[11:39] {wulff} LVS slow steady

[11:40] {Threei} C Reports July Master Trust; Net Charge offs 10.03% v 10.51% m/m

[11:40] {Threei} - Delinquencies % v 5.49% m/m

[11:40] {Threei} - 5-34 days $2.63B v $2.41B m/m

[11:41] {Threei} I don't emember this kind of reports

[11:41] {Threei} new fashion trend I guess

[11:44] {Threei} tried GETCO on HURN

[11:45] {Threei} inconsisten... two entry attempts were rejected, then third saudcdently gave a perfect fill

[11:45] {Threei} for exit swicthed ti NASDAQ

[11:46] {Threei} not sure what it means

[11:46] {BillyD} if no shares available maybe

[11:46] {BillyD} at that price

[11:47] {Threei} I guess... lack of route out makes it work differently from what we are used to

[11:47] {larisa} can you use Getco with limit couple cents higher than the ask?

[11:47] {Threei} that's what I did

[11:48] {BillyD} did it give price improvement

[11:48] {Threei} yes

[11:48] {Threei} hit existing offer

[11:48] {Threei} huh... it just allowed me to bid

[11:48] {BillyD} and, was the order that was filled above the offer

[11:49] {Threei} I guess its NASDAQ logic is diferent

[11:49] {Threei} hmm?

[11:49] {Threei} I hit .91 while .87 was available, got .87

[11:49] {BillyD} order filled, was your limit price above current offer

[11:49] {BillyD} ok

[11:50] {magoo} HURN is crazy

[11:50] {Threei} just got .06 and offered .13

[11:50] {Threei} allowed me to offer

[11:50] {Threei} so you can add liquidity on NASDAQ via it it seems, but not on listeds

[11:50] {Threei} just no point as there is no rebate

[11:50] {nemo} so, if you're waiting for a break, you better wait for the break

[11:50] {Threei} better to offer on ECN

[11:51] {magoo} positive news COF just now

[11:51] {Threei} I don't see any

[11:52] {magoo} 11:48 its there, no biggie, better than expected managed and trust data metrics for july etc

[11:53] {magoo} frwakin HURN VAD

[11:53] {magoo} its getting the feel

[11:53] {Threei} wow

[11:53] {Threei} you have some seriously delayed news feed mags

[11:54] {magoo} time stamopp 11:48

[11:54] {Threei} have a look at time stamp:

[11:54] {Threei} Monday, August 17, 2009 6:05:47 AM

[11:54] {Threei} Capital One Financial Corp Reports July Master Trust; Net charge offs: 9.83% v 9.73% m/m - filing

[11:54] {Threei} whoever supplies you with news, tell them to go, ummm

[11:54] {magoo} oh shit

[11:54] {Threei} let me think where

[11:55] {Threei} but while I am thinking, rest assured it's very remote, daerk and stinkin' place

[11:56] {Threei} just tried to bid MSFT below the market - rejection

[11:56] {Threei} I am not sure I understand the mechanics of this route for bidding/offering

[11:56] {Threei} luckily, no need

[12:03] {dino} .

[12:10] {Threei} GURN big pullback

[12:11] {Threei} HURN too

[12:11] {Threei} quickest way to switch from GETCO to standard route on NASDQ stock:

[12:12] {Threei} uncheck Route on/off

[12:12] {Threei} I am having an exploraion day today, lol

[12:13] {BillyD} is this box on L2

[12:13] {Threei} yup

[12:13] {Threei} to the right of Cancle button

[12:14] {Threei} pleasantly enough, I manage to combine testing with profit

[12:14] {Threei} normally it's not what happenming, lol

[12:15] {BillyD} we have different L2 windows

[12:15] {Threei} then you don't have this line checked:

[12:16] {Threei} ugh, wait

[12:16] {Threei} it's somewhere in different place in this version

[12:16] {BillyD} in view

[12:17] {BillyD} advanced button style

[12:17] {Threei} yes

[12:17] {Threei} used to be in different place in menu

[12:17] {BillyD} with the box unchecked how does it route

[12:17] {Threei} default

[12:18] {BillyD} which is

[12:18] {Threei} for NASDAQ it's, wait it

[12:18] {Threei} drum roll

[12:18] {Threei} NASDAQ route

[12:18] {Threei} for listeds MLCO I believe

[12:18] {Threei} which I rarelt like

[12:19] {BillyD} is the D+ buy/sell button for day plus orders

[12:20] {Threei} ?

[12:20] {Threei} where is it?

[12:20] {BillyD} in L2 window

[12:20] {BillyD} at bottom

[12:20] {BillyD} under market buttons

[12:21] {Threei} I don't have it

[12:21] {Threei} ahha

[12:21] {Threei} here it is

[12:21] {Threei} no idea

[12:21] {Threei} let's torture dave

[12:21] {BillyD} ok, I see what you have

[12:22] {Threei} there is a manual of course

[12:22] {Threei} but heck... we never ask for directions, do we

[12:22] {BillyD} it's pretty outdated

[12:23] {BillyD} can we put in orders good til cancelled

[12:23] {Threei} I don't think so

[12:23] {Threei} Laser is geared toward day trading

[12:23] {BillyD} what I thought

06[12:53] * Threei puts pillow on the desk right below his chin

[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 18 V 18E

[13:03] {Threei} BPAX Reportedly management says it is in early stage talks with vaccine makers for liscensing its Biovant H1N1 product (2.27, +0.31, 15.82%)

[13:07] {Threei} guess

[13:07] {Threei} who

[13:07] {Threei} is

[13:07] {Threei} on

[13:07] {Threei} etc

[13:19] {magoo} vad DNDN

[13:20] {Threei} DNDN Update: Ticks higher as CFO reportedly says he expects adoption of Provenge expected to be greater than current level of use for standard chemo in prostate cancer patients

[13:20] {Threei} - says it expects the initial demand for Provenge to outstrip supply, but expects to be able to meet... (22.11, -0.36, -1.60%) more...

[13:58] {BillyD} Vad, any CRY news....I don't see any

[13:59] {Threei} nothing since that last week FDA

[13:59] {BillyD} ty

[14:01] {Threei} (US) Fed quarterly loan officer survey: Banks report deteriorating lending quality (related EUR/USD XLF )

[14:04] {dino} .

[14:13] {nemo} frickin' brownout...what I miss

[14:13] {Threei} nothing

[14:13] {nemo} sorry to make you pick your chin up off the table

[14:13] {Threei} no worry

[14:13] {Threei} I set my keyboard vertically

[14:14] {Threei} so I can type not changing position

[14:14] {Threei} good coma comes first

[14:17] {nemo} Gotta' go anyways....have a nice nap everybody

[14:17] {BillyD} by

[14:17] {Threei} very considerate and polite of you to drop by to tell us you have to go

[14:17] {nemo} I'm like that

[14:18] {Threei} I am proud of civilized manners being adopted

[14:18] {nemo} now you're lying

[14:18] {Threei} (well, as long as I am not expected to follow to suit)

[14:18] {nemo} Mmmmmmhhhhh....Vad in a suit.....nah

[14:22] {dino} cya nemo

[14:35] {Threei} BAC Moody's raises preferred stock rating (16.73, -0.66, -3.80%)

[14:35] {Threei} AIG Discloses agreement with new CEO Benmosche over compensation - filing

[14:35] {Threei} Mr. Benmosche will receive an annual salary of $7M, consisting of $3M in cash and $4M in fully-veste... (23.74, -0.63, -2.59%) more...

[14:49] {Threei} (US) CFTC's Gensler: Seriously considering position limits for energy futures contracts (related UNG USO )

[15:01] {dino} caesars' contra-coin says we go up

[15:02] {BillyD} WFC weak

[15:02] {BillyD} any thoughts Vad WFC

[15:02] {BillyD} short that is

[15:03] {Threei} doesn't feel right to me

[15:03] {Threei} can't quite put a finger on it

[15:03] {BillyD} ok

[15:12] {Threei} 6% Expect Tax Cut During Obama Years

[15:12] {Threei} I simply can't pinpoint the % of idiots... such a moving target, there seem to be no averages

[15:13] {BillyD} TY...I was getting perplexed trying to fit that one into the herd mentality formula

[15:14] {Threei} the problem is, as soon as you rthink "there, I nailed it", next headline comes right along:

[15:15] {Threei} 22% Expect Things To Improve in Afghanistan

[15:15] {Threei} 35% Say U.S. Heading in Right Direction

[15:15] {Threei} now, you tell me...

[15:15] {BillyD} it's volatile??

[15:15] {BillyD} hehe

[15:16] {Threei} sheer magnitide is amazing

[15:16] {BillyD} aren't you glad you don't have to drive in traffic to work

[15:16] {dino} rst

[15:16] {Threei} lol

[15:24] {Threei} let's see if there is double bottom in WFC

[15:25] {Threei} not so far

[15:26] {fernp} boring but profitable day, hope tomorrow be like today :)

[15:27] {fernp} see u tomorrow

[15:27] {Threei} :)

[15:27] {dino} tighten rtp to .35 all dayer

[15:29] {BillyD} OCLS news?

[15:30] {BillyD} can't find any

[15:30] {Threei} OCLS Hearing chatter company may sign a significant marketing deal shortly

[15:30] {BillyD} no short

[15:30] {BillyD} available

[15:35] {Threei} US House Speaker Pelosi: Public option for health care has 'strong support' would lower health care costs (related IYH PPH BBH )

[15:36] {Threei} Note: Reports surfaced this weekend that the White House was close to removing the public option from the bill

[15:41] {dino} out rtp .32, +2.07

[15:41] {larisa} gj

[15:41] {BillyD} very nice dino

[15:41] {dino} ty, lucky entry

[15:51] {dptl} good evening all

[15:52] {BillyD} same here...cya

[15:52] {Threei} okay guys, thank you all

[15:53] {Threei} have a good evening, see tyou tomorrow

[15:53] {larisa} bye :)