Aug 18 2009

To call this day slow would be an insult to turtles - they sure are faster. Couple scalps, couple ridiculously small stops and a whole lot of yawning.

Session Time: Tue Aug 18 00:00:00 2009

[09:00] {fernp} good morning everybody

[09:00] {Threei} good morning

[09:00] {BillyD} hi fern, Vad

[09:01] {fernp} morning Billy

[09:01] {magoo} morning

[09:02] {Threei} billy, magoo :)

[09:02] {nemo} gentleman :)

[09:02] {nemo} men :)

[09:02] {larisa} gm :)

[09:03] {nemo} Lari!!!!

[09:03] {Threei} nemo, larisa :)

[09:03] {nemo} market bouncing a bit on Target report

[09:03] {larisa} :)

[09:03] {magoo} hurn..sheesh..

[09:04] {larisa} wow

[09:04] {cosmo} 18.22 high so far

[09:04] {cosmo} hurn

[09:04] {magoo} is there news

[09:04] {BillyD} earnings magoo

[09:05] {cosmo} Announces Second Quarter 2009 Financial Results and Filing of Second Quarter Form 10-Q; Company Completes Restatement For Fiscal Years 2006, 2007 and 2008 and Q1 2009Business Wire(Mon 7:00pm)

[09:05] {BillyD} and a CC tomorrow

[09:05] {Threei} Monday, August 17, 2009 4:52:50 PM

[09:05] {Threei} Huron Consulting Group Files to restate Q1 EPS at $0.36 v $0.51 initially reported; CEO and CFO replaced

[09:05] {Threei} - Comments: senior management did not properly take into account the impact of the selling shareholders redistribution of the acquisition-related payments when determining the appropriate accounting treatment. In some cases, senior management was unaware of the redistributions. In other cases, senior management was aware of the redistributions but either misunderstood or misapplied the appropriate accounting guidance. As a result, the facts and circumstances surrounding the Shareholder Payments and Employee Payments were not fully described in representation letters previously provided to our independent auditors.

[09:05] {magoo} its avail short laser, but hey..might keep going

[09:06] {Threei} Monday, August 17, 2009 7:01:06 PM

[09:06] {Threei} Huron Consulting Group Reports Q2 $0.84 v $0.46e (not clear if comparable), R$166M v $173Me

[09:06] {Threei} - Q2 GAAP EPS $0.47 v $0.06 y/y

[09:06] {Threei} - Reaffirms FY09 sales forecast $650-680M v $690Me

[09:06] {Threei} - Q2 average number of full-time billable consultants +23% y/y

[09:06] {Threei} - Q2 Full-time billable consultant utilization rate was 69.6% v 66.8% y/y

[09:06] {Threei} - Q2 The average number of full-time equivalent professionals 854 v 863 y/y

[09:06] {Threei} - Q2 Average billing rate per hour $264 v $273 y/y

[09:07] {Threei} PALM Exec: Expecting to initiate the developer program in the US by the fall months (13.23, 0.00, 0.00%) (related AAPL )

[09:10] {cosmo} HURN tests 18 resistance

[09:10] {cosmo} hmmm ...careful...

[09:12] {magoo} it was 44 one month ago

[09:14] {cosmo} gee ...pretty good for pre mkt

[09:18] {patel} good morning

[09:18] {Threei} patel :)

[09:21] {dptl} good morning

[09:21] {Threei} dp :)

[09:25] {dino} gm all

[09:25] {Threei} dino :)

[09:26] {dino} hurn strange, sales est. look light

[09:27] {dino} turnaround tues.

[09:27] {nemo} having said that, if the stock was double the level a month ago, how does it look?

[09:27] {Threei} PIMCO's El-Erian: US stock rally has "hit a wall," reiterates valuations are ahead of fundamentals - TV interview

[09:27] {Threei} - PIMCO has been a "net seller" of mortgage debt over the last few weeks.

[09:27] {Threei} - Comments that PIMCO did participate in last week's 30 year treasury auction

[09:27] {Threei} - Trimmed risk in portfolio as the 'risk rally' has moved too far

[09:28] {Threei} someone's short I susp[ect

[09:28] {cosmo} hurn should hold 18 imho

[09:32] {nemo} It's 9:32, shouldn't we have 3 or 4 trades by now? :)

06[09:33] * nemo slaps nemo around a bit with a large trout

[09:33] {cosmo} we missed them i think

[09:33] {Threei} careful... you already expressed a wisdh yesterday... and it cam true

[09:34] {cosmo} GERN

[09:34] {cosmo} ...might heal

[09:35] {Threei} Long Setup: BAC .83

[09:35] {Threei} if stays above .75

[09:35] {magoo} in

[09:36] {fernp} in

[09:36] {patel} in

[09:36] {nemo} weird, I didn't get a fill

[09:38] {Threei} Long Setup: WFC .56

[09:38] {Threei} if stays above .50

[09:41] {Threei} BAC was 1 cent shy of 1:1, let's trail to under .80

[09:41] {Threei} don't want to get caught in market drop

[09:41] {Threei} out

[09:41] {patel} out

[09:41] {fernp} out

[09:43] {wulff} cat

[09:43] {Threei} just looked at it too

[09:43] {Threei} .80 break is tempting

[09:43] {Threei} let's see if it gives us nice tight support for a stop placement

[09:44] {nemo} cat looking short to me...I'm so pessimistic

[09:45] {nemo} .64 is R1 for cat

[09:47] {Threei} BAC stays intetestingly storng

[09:48] {nemo} looks like fas

[09:49] {Threei} let's try for double bottom?

[09:49] {Threei} .81

[09:49] {Threei} with stop under .75

[09:51] {magoo} HURN doing it

[09:53] {nemo} cat crash fever..nah nah nah

[09:53] {nemo} heat is getting to me

[09:54] {magoo} AXL

[09:55] {magoo} dam AXL was looking long .20 break

[09:55] {magoo} missed

[09:59] {dino} .

[09:59] {dino} any trouble w/room access? magoo can't get in

[10:00] {Threei} [09:57] * magoo_ was kicked by ChanServ

[10:00] {Threei} wrong nick

[10:00] {nemo} maybe if he goes to church and confesses his sins

[10:00] {magoo} HEY

[10:00] {Threei} HURN is doing it

[10:01] {wulff} I got shaken out

[10:01] {dino} sm l ctrp .25

[10:03] {Threei} BAC 1:1

[10:03] {fernp} out here TY

[10:03] {BillyD} same here

[10:03] {BillyD} ty

[10:03] {patel} ty

[10:05] {wulff} OK, back in .05

[10:05] {Threei} HURN?

[10:06] {wulff} yes

[10:09] {Threei} RIMM is trying to form C&H

[10:09] {magoo} AXL over 5

[10:09] {Threei} Long Setup: RIMM 73 if holding .80

[10:11] {magoo} out .18 TY VAD RIMM

[10:11] {Threei} :)

[10:11] {magoo} fast

[10:11] {tomg} me too, ty vad

[10:11] {Threei} welcome guys

[10:11] {Threei} easy money

[10:11] {magoo} was out before could right "in"

[10:11] {patel} nice job vad

[10:17] {Threei} not much volatility from the get-go

[10:20] {Threei} for the first 45 minutes NQ is locked within 10 points

[10:21] {magoo} but man..HURN and AXL crzazy

[10:22] {dino} jhx

[10:33] {dino} cstr sm l .50

[10:35] {dptl} ah...gotta to go.........see ya guys tomorrow or even monday...

[10:36] {nemo} put the pillow on the keyboard yet Vad?

[10:37] {fernp} bye dp

[10:39] {Threei} take care dp

[10:47] {dino} ctrp to .67

[10:48] {dino} out .67 ctrp, +.42

[10:50] {Threei} 90% of US bills carry traces of cocaine

[10:50] {BillyD} wow

[10:50] {nemo} old story

[10:51] {Threei} I guess now we know why people crave money so much

[10:51] {nemo} It was a higher percentage in the 80's :)

[10:54] {nemo} nice timing Dino

[10:56] {dino} ty

[10:56] {dino} sm l cisg .25

[11:00] {magoo} we in anything boss?

[11:01] {nemo} coma

[11:01] {Threei} you know...

[11:06] {dino} cstr stopped .18, -.32

[11:08] {dino} hgsi spike

[11:10] {magoo} BAC 17

[11:11] {Threei} HGSI DSG Comments that HGSI's Benylst lupus drug met primary end point in Bliss-52; through usage of its EDC technology

[11:11] {Threei} - Reminder on 7/20: HGSI: In a Phase III study, BENLYSTA met the primary endpoint in patients with s... (15.82, +0.56, 3.67%) more...

[11:12] {dino} cavm

[11:16] {dino} petd l .99

[11:24] {nemo} gotta' go c u 2 maw row

[11:25] {fernp} bye nemo

[11:25] {Threei} take care nemo

[11:26] {dino} cya nemo

[11:36] {Threei} deep freeze in the middle of the polar winter right in the center of permafrost

[11:36] {Threei} looking at T&S on NQ, I can't believe the pace

[11:36] {Threei} never saw it this slow

[11:36] {Threei} one print of 1 or 2 contracts every couple seconds

[11:40] {dino} one pint woud be better

[11:40] {Threei} gulp

[11:41] {Threei} yup... you are right... it IS better

[11:54] {Threei} what do we have, 2 for 3 and one invalidated?

[11:54] {Threei} booooring

[12:00] {magoo} vad give mwe a read AXL HURN palease

[12:01] {Threei} don't have any...

[12:02] {magoo} i said please

[12:03] {magoo} heres my read..i gerts high it rams up

[12:03] {Threei} want me to add sorry to match your uncharacteristic politeness?

[12:03] {magoo} .50 gets .90 area

[12:03] {magoo} axl

[12:09] {Threei} nice

[12:09] {magoo} A

[12:09] {magoo} X

[12:09] {magoo} L

[12:32] {dino} out petd .06, +.07 size

[12:38] {BillyD} LVS looks appealing 13 break with mkt help

[12:38] {Threei} quite

[12:42] {Threei} BAC .05 break too

[12:42] {BillyD} was noticing that

[12:43] {Threei} let's try it?

[12:43] {Threei} Long Setup: BAC .05 last shares

[12:43] {BillyD} yes

[12:44] {Threei} stop under 17 for hard core scalpers, under .95 for day traders

[12:45] {magoo} in

[12:45] {fernp} too late for me. have to go. see u all tomorrow.

[12:45] {Threei} take care fern

[12:45] {Threei} we will make sure to tease you tomorrow if BAC goes to 25

[12:46] {fernp} I'll read the log tonght

[12:46] {fernp} see you

[12:46] {Threei} :)

[12:50] {dino} cya fern

[12:53] {dino} strange, oih, uso up big, oil co. not really participating

[12:53] {dino} cisg stop to .58

[12:55] {dino} out cisg .55, +.30 slipped

[13:00] {Threei} wtg

[13:01] {patel} BAC doesnt want to go

[13:02] {Threei} doesn't want to drop either

[13:02] {patel} yup

[13:02] {patel} i guess it iwll going to hold on until after lunchtime buying comes back

[13:02] {Threei} don't overthink it... 6 cents stop, who cares

[13:02] {patel} yeah true

[13:02] {patel} u going to use 16.99 as a stop now

[13:03] {patel} since it is holding 17

[13:03] {Threei} yup

[13:04] {Threei} looks good to me

[13:04] {Threei} volume dries up on retreat, increases on advance

[13:04] {patel} yup

[13:05] {Threei} picks up pace as attack resistance again

[13:07] {dino} fslr

[13:08] {dino} v sm l .70, risky

[13:11] {Threei} market changed its mind about slow climb

[13:11] {Threei} we have a choice here

[13:11] {Threei} to say stopped

[13:11] {Threei} or to sell and not say anything so fern doesn't know

[13:11] {BillyD} lol

[13:12] {Threei} later on type "out BAC $5" for him

[13:12] {Threei} so he swears until he looks at the chart

[13:12] {Threei} and then he swears some more :)

[13:20] {dino} stopped fslr -.30

[13:29] {Threei} F WSJ: Ford and Utilities companies will announce a recharging technology for electric vehicles (7.65, +0.28, 3.80%) (related GM F.IT DUK TE FPL D EXC )

[13:29] {Threei} GM To discucss production outlook on 2:30ET confernce call (67.14, +0.71, 1.07%)

[14:10] {patience} .

[14:27] {magoo} VADDDDDDDD

[14:27] {magoo} wake up

[14:27] {Threei} why?

[14:43] {magoo} huh?

[14:44] {Threei} what?

[14:48] {magoo} AXL looks to resume

[14:48] {Threei} well... 5 support is a valid one to place a stop under

[14:49] {Threei} I just can't evaluate the odds of success

[14:49] {Threei} pretty random, honestly

[14:49] {BillyD} and it will dip below 5 as we have already seen

[14:56] {magoo} in it .10

[14:58] {Threei} selling any?

[14:58] {magoo} might

[14:58] {Threei} or you are in for a big run?

[14:58] {magoo} i want run

[14:59] {magoo} but

[14:59] {magoo} to.45 area..but who knows?

[15:04] {magoo} out .27

[15:04] {Threei} :)

[15:04] {magoo} prob reload it

[15:08] {magoo} dam RTK never stops either

[15:15] {Threei} RTK CEO on CNBC with Kudlow this evening

[15:15] {Threei} Rentech Inc To Supply Renewable Synthetic Fuels to 8 Airlines for Ground Service Equipment Operations at Los Angeles International Airport

[15:15] {Threei} - signed an unprecedented multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.

[15:25] {dino} .

[15:26] {Threei} RTK CEO: Recently announced deal is 'touch point along the curve'; forcusing on more jet fuel contracts (2.39, +1.10, 85.27%)

[15:27] {magoo} AXL

[15:34] {Threei} nice spike

[15:35] {magoo} out 69

[15:35] {magoo} rd 3

[15:36] {Threei} Rentech Inc CEO Notes that planning to increase production of jet fuel through a commercial scale factory in 4 years

[15:36] {Threei} ummm

[15:37] {dino} eslt

[15:37] {Threei} let's buy it in 3 years 11 months?

[15:55] {Threei} Ok guys, let's call it a day

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

[15:55] {dino} pncl

[15:55] {magoo} ty vad

[15:55] {magoo} all

[15:56] {dino} thx all, slow day

[15:56] {Threei} slow?

[15:57] {Threei} all slow days seem to be sprinter runners vs today

[15:57] {larisa} bye :)