Aug 27 2009

The day started nicely with 40 cents HIG long trade off a pullback, continued with AIG and IMMUlong trades, and then it was all about AIG. August ends with a great run so far.

Session Time: Thu Aug 27 00:00:00 2009

[08:05] {Threei} Wednesday, August 26, 2009 8:43:34 PM

[08:05] {Threei} FT comments on the recent gains in shares of AIG, Fannie Mae and Freddie Mac

[08:05] {Threei} - AIG has risen by 150% since Aug 3, and shares of Fannie and Freddie have both gained about 250%.

[08:05] {Threei} - A combination of rumors, momentum and the low cost of the shares have all contributed to the moves in the shares.

[08:05] {Threei} - The gains in shares of Fannie and Freddie have been partially driven by the recent stabilization of the US housing market and speculation that the US government would extend its tax credit for first-time homebuyers.

[08:05] {Threei} - Trading has also been driven by a recent widely read analysis of Fannie and Freddie's long-term earnings potential by John Hempton, portfolio manager at Bronte Capital.

[08:05] {Threei} - A short squeeze may also be partially responsible for the share price gains.

[08:06] {Threei} (US) Reportedly, the Fed is seeking to delay disclosing its emergency lending data

[08:06] {Threei} - On Aug 24, a Manhattan judge ruled that the Fed had until Aug 31 to disclose its daily reports on borrowing by banks and other financial firms.

[08:06] {Threei} Fed's lacker: Housing and autos are no longer drag on GDP

[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 570K V 565KE; CONTINUING CLAIMS: 6.133M V 6.242ME

[08:30] {Threei} - Prior jobless claims revised from 576K to K

[08:30] {Threei} - Prior Continuing Claims revised from 6.241M to ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )

[08:30] {Threei} *Q2 PRELIMINARY GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.0% V -1.3%E

[09:03] {magoo} morning

06[09:03] * nemo slaps magoo around a bit with a large trout

[09:04] {Threei} magooevsky :)

[09:04] {magoo} vasillee:)

[09:05] {magoo} whats correct spelling anyway?

[09:05] {nemo} of what

[09:05] {larisa} vasilisa the beautiful :)

[09:05] {nemo} mornin' lari

[09:06] {larisa} gm :)

[09:07] {magoo} news immu ba vad?

[09:08] {Threei} hmm

[09:09] {Threei} for some reason I have none

[09:09] {dino} lupus drug news

[09:10] {Threei} UCB Group And Immunomedics, Inc. Announce Positive Results for Epratuzumab Phase IIb Study in Systemic Lupus Erythematosus (SLE)

[09:10] {Threei} crap

[09:10] {Threei} they were inside SLE news

[09:10] {Threei} so I missed

[09:11] {Threei} also keep an eye on CLNE

[09:11] {Threei} darn thing started forming beautiful breakout at 11.10, and I intended to watch it for a break today

[09:11] {Threei} of course it had to have news and gap over that

[09:12] {bluejet} gm

[09:12] {Threei} blue :0

[09:12] {nemo} ford

[09:18] {dptl} good morning

[09:18] {Threei} dp :)

[09:19] {cosmo} atsi

[09:19] {cosmo} 3 support

[09:19] {fernp} good morning everybody

[09:20] {Threei} fern :)

[09:22] {dino} gm

[09:23] {larisa} morning dino :)

[09:24] {dino} :)

[09:29] {dino} sigm

[09:31] {Threei} dino :)

[09:31] {dino} pcp

[09:32] {dino} deo

[09:33] {magoo} BA no down

[09:34] {nemo} announced testflight schedule of 787

[09:34] {magoo} i know

[09:34] {magoo} ty

[09:34] {Threei} Long Setup: HIG 22.70 break

[09:34] {Threei} stop under .60

[09:38] {Threei} enough games HIG, it's time

[09:38] {nemo} what...to defecate or get off the commode?

[09:39] {Threei} sigh

[09:39] {Threei} crude... but colorful

[09:39] {nemo} no scatalogically profane references

[09:39] {Threei} 1:1, half out

[09:40] {fernp} ty Vad

[09:40] {Threei} offering 1/4 more at .91

[09:40] {Threei} welcome

[09:40] {magoo} gr.93 here

[09:41] {Threei} that was beautiful little explosion

[09:41] {magoo} yea

[09:41] {Threei} .90 break will lauinch next one

[09:41] {magoo} the commode got it

[09:41] {Threei} rofl

[09:41] {nemo} hehehehe

[09:42] {nemo} time for the bidet?

[09:42] {Threei} 1:2

[09:42] {magoo} out TY BOSS

[09:42] {Threei} 1/4 more out

[09:42] {Threei} wow

[09:42] {dino} pcp sm s .75

[09:42] {Threei} out in full 23.10

[09:42] {Threei} +.40

[09:42] {Threei} can I go home?

[09:43] {nemo} Oh, jeez...alzheimer's

[09:43] {magoo} c'mon..just getting started...maybe at 7 for 7 ill consider it

[09:44] {Threei} IMMU bounced decently off 6

[09:44] {Threei} let's see if there is double bottom in it

[09:45] {magoo} over 8 premkt

[09:46] {dino} vov pcp .15, +.60

[09:46] {dino} cov

[09:48] {magoo} decent pllbk HIG

[09:49] {dino} igk

[09:51] {Threei} AIG

[09:51] {Threei} pace picks up

[09:51] {magoo} vad..maybe Q bounce play?

[09:52] {Threei} and again starts feeling like going insane

[09:52] {fernp} HIG pullback, Vad?

[09:53] {Threei} most likely the same setup once again

[09:53] {Threei} .70 breaak if holding .60

[09:53] {fernp} ok

[09:53] {nemo} oops, support disappeared

[09:53] {Threei} invalidated

[09:53] {Threei} let's wait for the next one

[09:54] {Threei} AIG

[09:54] {Threei} 41 brweak

[09:54] {Threei} if holding 40.80

[09:54] {nemo} oops

[09:54] {magoo} oh no........

[09:54] {Threei} no need to say, smallish shares

[09:54] {magoo} not sure im up to it just yest

[09:54] {magoo} yet

[09:55] {Threei} 1:1

[09:55] {wulff} held overnight 100

[09:56] {nemo} magoo got the flu?

[09:59] {Threei} once again

[09:59] {Threei} same setup AIG

[10:00] {Threei} invalidated

[10:00] {magoo} yea..the one gong around swinehangover

[10:00] {Threei} FDIC: Troubled bank list to in Q2 416 v 305 in Q1

[10:00] {Threei} - Total assets of 'problem' institutions at $B from $220B in Q1

[10:00] {Threei} - FDIC insured institutions net income $B vs $7.6B in Q1

[10:00] {Threei} - Q2 net charge offs $B vs $37.8B in Q1

[10:00] {Threei} - Deposit insurance fund fell % ($B) to $B vs $13.B in Q1

[10:01] {magoo} IMMU your double buns

[10:01] {magoo} mkts getting kicked tho

[10:02] {Threei} Long Setup: IMMU .10 break

[10:02] {Threei} if stays above 6

[10:04] {Threei} 1 cent shy of 1:1??

[10:04] {Threei} come on

[10:04] {magoo} in

[10:04] {Threei} NYMEX Oct crude futures move belows $70/barrel; off by $1.50

[10:05] {magoo} ok lets try this

[10:05] {magoo} get off the commode immu

[10:06] {magoo} Q bounce?

[10:06] {Threei} lol... started typing long AIG .50...

[10:06] {Threei} quess where it was by the time I finished typing

[10:06] {Threei} (US) FDIC's Bair: US financial sector may be at a turning point in regards to asset quality, hopeful that credit probems will moderate in coming quarters

[10:06] {Threei} - Asserts the FDIC has ''ample resources" to protect deposits.

[10:06] {Threei} - Decline in insurance fund balance does not diminish the FDIC's ability to protect depositors.

[10:06] {Threei} - Expects the number of problem banks and bank failures to remain elevated even as economy begins to recover.

[10:06] {Threei} - Loan loss provisions have lowered bank earnings, provisions will remain at elevated levels for some time

[10:06] {Threei} - Credit problems will outlast the recession by at least two quarters.

[10:10] {nemo} mmhhhh big orer .15 on immu

[10:10] {nemo} order

[10:10] {nemo} sell order that is

[10:10] {nemo} big bid .05

[10:10] {Threei} and none of the matters

[10:10] {Threei} them

[10:12] {Threei} should slice through now

[10:12] {Threei} there

[10:12] {Threei} 1:1

[10:13] {Threei} that's 3 for 3... I need 4 more to go home??

[10:13] {Threei} life is unfair

[10:13] {magoo} yea

[10:13] {nemo} that's just for the morning Vad

[10:14] {magoo} ROFLOL nemo

[10:14] {Threei} you greedy basterds

[10:14] {nemo} bastard

[10:14] {nemo} me

[10:14] {Threei} no'

[10:14] {nemo} you here anbody else

[10:14] {Threei} learn to spell

[10:14] {cosmo} bastids

[10:14] {nemo} spel

[10:14] {Threei} bastids, bastages

[10:14] {Threei} or per tarantino, basterds

[10:15] {magoo} out .27 IMMU ty

[10:17] {Threei} over 1:2

[10:18] {dino} sigm l .60

[10:21] {Threei} frikin CLNE

[10:21] {magoo} dam IMMU

[10:23] {nemo} nice contrarian indicator their magoo

[10:24] {Threei} ok, I realize my influence is not a good one when it comes to language skills... but at least try to make it understandable, will ya

[10:24] {nemo} huh?

[10:24] {magoo} huh?

[10:24] {wulff} AIG tight range

[10:25] {Threei} {nemo} nice contrarian indicator their magoo

[10:25] {Threei} huh?

[10:25] {nemo} as soon as he said that it tanked 20 cents

[10:25] {magoo} the spelling?

[10:25] {magoo} out Q bounce .83 +.13 ty vad

[10:25] {nemo} spelink

[10:26] {Threei} you are welcome but I never called it

[10:26] {nemo} brownnoser

[10:26] {magoo} do u want the win or not lol?

[10:27] {Threei} lol

[10:27] {nemo} Vad does not need to burnish his stellar record with falsehoods

[10:27] {nemo} (now that's brownnosing)

[10:27] {Threei} sigh

[10:27] {Threei} I want my coma back

[10:27] {nemo} tomorrow will be a good coma day

[10:27] {magoo} that does it......................

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps larisa around a bit with a large trout

06[10:28] * nemo slaps magoo around a bit with a large venison steak

[10:28] {dino} intu l .12

[10:28] {magoo} HEY.,.what that for?

[10:28] {nemo} you like venison?

[10:29] {nemo} Dino...the one adult

[10:31] {Threei} Raven too but he gave up on us

[10:31] {magoo} what is this "venissan" of whicjh u so fondly speak of?

[10:31] {nemo} alright fine

06[10:31] * nemo slaps magoo around a bit with a large venison backstrap

[10:32] {nemo} rimm Vad

[10:33] {nemo} oh well

[10:37] {Raven} {}

[10:38] {dino} sigm stopped -.12

[10:39] {dino} intu stopped flat

[10:44] {Threei} IMMU p;ace picks up

[10:45] {wulff} AIG

[10:49] {wulff} new high

[10:49] {magoo} i caut AIG .80 to .43 ty vads

[10:49] {Threei} lol

[10:49] {Threei} AIG goes to 43

[10:49] {magoo} in'

[10:51] {wulff} in at 41.42

[10:53] {magoo} exit .74

[10:53] {magoo} trying

[10:55] {magoo} OUT TY vad..thats 7 i beklieve

[10:56] {Threei} half out .85

[10:56] {Threei} offering second half 43.05

[10:56] {magoo} may reload

[10:57] {Threei} out

[10:57] {magoo} NICE

[10:57] {Threei} chant, all together: momo, momo, momo

[10:58] {wulff} +1.5

[10:59] {magoo} man vad...reminds me of good ole times..remember?

06[10:59] * magoo slaps wulff around a bit with a large trout

[11:00] {magoo} add nice profuits

[11:00] {nemo} this is around AIG's pre reverse-split high

[11:01] {magoo} it only amounts to a pre rev split of appx 2.40 bux

[11:01] {magoo} 1 dollar to 27 dollar split

[11:01] {nemo} 1:10

[11:01] {nemo} 1:27!!??

[11:01] {magoo} yea

[11:02] {nemo} whoa? Guess they'll have to split soon :)

[11:02] {magoo} 20 : 1 soorry

[11:02] {magoo} still

[11:03] {dino} pw4rd l .82

[11:04] {Threei} IMMU momo

[11:04] {wulff} hast 43 sale

[11:04] {wulff} hasty

[11:06] {Threei} see IMMU?

[11:06] {Threei} see AIG?

[11:06] {Threei} learning to spot those momos?

[11:07] {wulff} after, yes

[11:07] {larisa} lol

[11:07] {wulff} have to partial out for the moves

[11:08] {Threei} it's ll come...

[11:08] {Threei} have you traded in 1998-2000?

[11:08] {wulff} not well

[11:09] {Threei} Brian!

[11:09] {Threei} welcome back

[11:09] {brian3579} hello all long time no talk

[11:09] {Threei} couldn't you come in a few hours earlier? would be a few hundreds(thousands) richer

[11:10] {brian3579} haha

[11:10] {Threei} HIG, AIG, IMMU... full day of beauties

[11:10] {brian3579} aig wow

[11:11] {nemo} look for aig @ .20?

[11:11] {nemo} 44.20 that is

[11:11] {larisa} 45 44 or 43 ?

[11:11] {larisa} lol

[11:12] {nemo} R3 44.17

[11:15] {Threei} anyway... brina, how have you been?

[11:15] {Threei} brian, sorry... our typing is still where it used to be

[11:15] {brian3579} very good hahaha

[11:15] {brian3579} you

[11:20] {dptl} .

[11:21] {dptl} am i here?

[11:21] {Threei} anyone seen dp lately?

[11:21] {magoo} no..wherres he been?

[11:21] {dptl} :)

[11:21] {nemo} no, must be drying out somewhere

[11:21] {Threei} yeah, too bad he is not here... nice guy

[11:22] {Threei} when sober

[11:22] {Threei} which never happens

[11:22] {Threei} IMMU round 3

[11:28] {brian3579} hig

[11:29] {Threei} IMMU, if you feel like dipping toes once again

[11:29] {Threei} .10 break

[11:29] {Threei} if stays above 7 of course

[11:31] {Threei} no go this time

[11:34] {magoo} out AIG .11 a point

[11:35] {magoo} beware of its anbility to do a 3 pt candle drop in 1.76 seconds everyone

[11:35] {Threei} lol

[11:35] {magoo} im more scared of it today

[11:36] {nemo} 13 dollars in less than 3 hours, don't know why

[11:36] {wulff} do you need to?

[11:36] {nemo} just hope it'll be available short on the way down

[11:36] {Threei} yeah, what could possibly be scary about that

[11:36] {wulff} fell free

[11:36] {wulff} feel

[11:37] {magoo} out AGAIN .11 AIG

[11:37] {magoo} AFRAID

[11:37] {magoo} but RICH

[11:37] {nemo} no, don't know why he'd be scared if it jumped $13 in 3 hours

[11:37] {nemo} tung in cheec

[11:38] {nemo} watching aig you wouldn't think the market was own

[11:39] {wulff} I say 50 halts it

[11:40] {nemo} 70

[11:40] {Threei} my bet is 53

[11:40] {nemo} actually 1:00 pm

[11:43] {dino} aef l .10

[11:44] {dino} imagine being long in a halt

[11:44] {nemo} frickin nightmare

[11:45] {nemo} {wulff} I say 50 halts it

[11:45] {nemo} sfsg

[11:45] {dino} thing could open 15 lower

[11:45] {Threei} 9 cents shy... what's up with this sloppiness wulff

[11:46] {nemo} huh...I have a high of 50.04

[11:46] {wulff} I spilled my beer..

[11:46] {Threei} hmm.. 49.91 here

[11:46] {nemo} I'm on laser

[11:46] {dino} alcohol abuse

[11:47] {nemo} quote server 7

[11:47] {wulff} Your call of 43 ceiling seems funny now

[11:47] {Threei} i never said it will top there

[11:47] {Threei} I said it goes to 43 when it was 42

[11:48] {dino} i suppose it goes to 100, that would be 5, from reverse

[11:49] {brian3579} vad does the room have a sound alert when you post a message?

[11:49] {nemo} oh jeez

[11:49] {dino} not for you brian, lol

[11:49] {brian3579} haha

[11:49] {nemo} jokes on you

[11:50] {brian3579} that hurts

[11:50] {nemo} time to open old wounds

[11:51] {nemo} Mmmmmmhhhhh....mags....brian....

[11:51] {Threei} lol... you guys

[11:51] {Threei} if you use mirc, yes

[11:51] {Threei} if mibbit no

[11:51] {nemo} Mags....brian

[11:52] {nemo} o.k. fine

06[11:52] * nemo slaps brian3579 around a bit with a large trout

[11:53] {brian3579} long time time between slaps

[11:54] {Threei} well

[11:54] {Threei} 50 break is C&H on AIG

[11:54] {wulff} but,but...

06[11:55] * nemo slaps brian3579 around a bit with a large trout

[12:02] {Threei} double top so far AIG

[12:05] {nemo} hig looking toppy too

[12:17] {Threei} American International Group, Inc CNBC teasing upcoming segment for a discussion on stock price behavior

[12:17] {Threei} - anchor says their guest has a price target that "will get alot of attention"

[12:17] {Threei} AIG CNBC guesttarget $100; could rise to $200 or $300/shr; recent move higher based on liking new CEO (49.03, +11.34, 30.09%)

[12:17] {Threei} sigh

[12:19] {dino} and yet the company is broke

[12:26] {bluejet} vad, did you have aig?

[12:26] {Threei} hmm?

[12:26] {Threei} when?

[12:27] {bluejet} did you trade it today? I missed it both yesterday and today

[12:27] {Threei} yes

[12:27] {bluejet} good job

[12:29] {Threei} I alled it a few times today... you slept through it? :)

[12:29] {bluejet} no. but i need to take care of kid

[12:30] {larisa} plus some traders are sane, we stay poor but safe :)

[12:30] {Threei} I used to have two of those

[12:30] {Threei} HIG... thinkinbg of 24 break

[12:31] {bluejet} LOL. I am still in that boat. I have q: even if I am here, i would be hesitate to take long since mkt was down this morning. how do you deal with the relationship between a single stock and overall mkt?

[12:31] {dino} pull up a chart

[12:33] {Threei} wow... that's not someothing I could answer without 1 hour lecture

[12:33] {dino} and i did it in 4 words

[12:34] {dino} bustin' ya vad

[12:35] {dino} stop to .94 pwrd

[12:40] {fernp} have to go. see you all tomorrow

[12:41] {Threei} take care fern

[12:49] {Threei} market is frozen

[12:49] {Threei} coma time

[12:50] {nemo} aig freefall

[12:51] {brian3579} vad this is why im back was hoping you would make me laugh during coma time

[12:51] {Threei} :)

[12:51] {Threei} that guest assigning 100, 200 and 300 targets... can you think of beter indication of the top?

[12:52] {nemo} Cramer

[12:55] {Threei} well... AIG is not available for short

[12:55] {Threei} too bad

[12:55] {nemo} that figures

[12:55] {Threei} just tried 48.20

[13:01] {Threei} *TREASURY'S $28B 7-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.74 V 2.63 PRIOR AND 2.43 OVER THE LAST SIX

[13:02] {Threei} indirect bidders take 61.2% of competitive bids

[13:02] {Threei} - notes draw 3.092% with 46.3% alotted at the

[13:02] {Threei} high

[13:03] {nemo} interesting look at Fas around 12:30 and tlt around 12:45, the news was out

[13:11] {Threei} covering paper half at paper 47.50 for paper +.70

[13:11] {nemo} on aig in a coma....

[13:14] {Threei} what else can I do if that's the trade AI wanted to take and ikt's unavailable

[13:15] {wulff} been gone for a while, see my 50 held

[13:16] {Threei} you were helped by some "CNBC guest" who said it's goling to 300

[13:16] {Threei} that's whaen it dropped like a stone

[13:17] {Threei} taking paper profit in full at paper 46.90 for paper gain of paper $1.30

[13:21] {Threei} ok, if nothing else, want a little bit of educational blabber?

[13:21] {nemo} sigh

[13:21] {Threei} okay... sorry... back in coma

[13:21] {larisa} yes

[13:22] {nemo} sensitive, isn't he...

[13:22] {Threei} that's me

[13:22] {Threei} just wanted to offer the way 48.20 became a short level

[13:22] {Threei} any guesses?

[13:22] {larisa} i was looking at it, i want to know :)

[13:23] {Threei} inquiring mind...

[13:23] {Threei} unlike nemo's

[13:23] {nemo} old support becomes new resistance?

[13:23] {larisa} what time entry ?

[13:23] {Threei} [12:55] {Threei} just tried 48.20

[13:23] {brian3579} my guess same as nemo

[13:23] {Threei} it is, as far as entry on bounce goes,

[13:24] {nemo} poor brian...he doesn't know about me

[13:24] {Threei} but before that there was a bigger picture:

[13:24] {Threei} yeah brian, before I continue, keep in mind:

[13:24] {Threei} having same thoughts as nemo is a very bothersome sign

[13:24] {brian3579} haha

[13:24] {Threei} in that big picture we have:

[13:24] {nemo} jump now

[13:25] {Threei} double top at 50 (beautiful call by wqullf),

[13:25] {brian3579} light volume on move back too 48.20

[13:25] {Threei} 48 area is a bottom between two tops,,

[13:25] {brian3579} i see

[13:25] {brian3579} thats why im back not the jokes

[13:25] {Threei} retested at 12:05 - 12:10,

[13:25] {Threei} lower high,

[13:26] {Threei} slow slide into 48.20,

[13:26] {Threei} little consolidation,

[13:26] {Threei} the breakdown and sharp drop.

[13:26] {Threei} Volume spike on hat drop,

[13:27] {Threei} then bounce into former support, now resistance (nemo and brian's idea, bery very afraid of the company brian)

[13:27] {Threei} volume drying up on the bounce,

[13:27] {Threei} and that's that.

[13:27] {Threei} Break charts by elements, identify all these simple patterns,

[13:28] {Threei} you get your play structured and served on a dish with blue rim

[13:28] {larisa} so at what point you know that momo is gone and technicals are back? :)

[13:28] {Threei} CNBC guest

[13:28] {larisa} lol

[13:28] {Threei} :)

[13:28] {nemo} I just can't watch

[13:28] {Threei} seriously... assigning insnae targets to a stock that went through such run, and stock drops after that

[13:29] {Threei} what else do you need to call a top, lol

[13:29] {nemo} dead chicken

[13:29] {nemo} coupla diagrams

[13:29] {nemo} Ouija board

[13:30] {nemo} magic words

[13:38] {Threei} [13:25] {brian3579} thats why im back not the jokes

[13:38] {Threei} now, we all know that is not true

[13:39] {brian3579} haha

[13:54] {Threei} DRYS Dry bulk shipping stocks moving higher in last 30 minutes

[13:54] {Threei} - the strength may be attributable to China Cosco, Asia's largest shipping firm by market value... (6.26, +0.57, 10.02%) more... (related EGLE DSX 1919.HK )

[13:55] {Threei} stating in its earnings release this morning that it would consider cancelling or postponing new container ship orders (thus easing concerns about a container ship glut).

[13:55] {bluejet} I have to leave. Thanks, vad. see you tomorrow

[13:55] {Threei} take care blue

[13:57] {magoo} any read AIG vad?

[13:58] {Threei} nope, bcome fairly random

[14:00] {dino} pcp hod

[14:19] {dino} igk drop

[14:23] {Threei} mags

[14:23] {Threei} if you really really want it

[14:23] {Threei} AIG is probably worth a try here

[14:24] {Threei} there, good pullback to try

[14:27] {Threei} sell half here

[14:28] {Threei} stop to about .70, and try to ride it to 48.50 or so

[14:30] {wulff} see y'all tomm..

[14:31] {Threei} take care wulff

[14:31] {Threei} here we go

[14:31] {Threei} feel free to exit

[14:31] {Threei} nice 60 cents

[14:32] {Threei} who am I talking to...

[14:32] {dino} upl

[14:33] {brian3579} i still want a joke

[14:33] {Threei} nope

[14:33] {Threei} no calls, no jokes

[14:33] {nemo} get a mirror?

[14:34] {brian3579} wow

[14:34] {Threei} me misunderappreciated

[14:34] {nemo} that means you're over appreciated

[14:34] {Threei} not according to a former president

[14:34] {nemo} or Roger Clemens...he was mis heard

[14:34] {Threei} who was misunderestimated

[14:35] {nemo} Bin Laden?

06[14:35] * Threei slaps magoo around a bit with a large and beautiful AIG rally which magoo missed

[14:36] {magoo} out .81 +1.11

[14:36] {magoo} tyt vad

[14:38] {Threei} qwhew

[14:38] {Threei} thank you

[14:38] {dino} igk l .85\

[14:42] {magoo} vad if IF AIG takes 50...a powerful long trigger imo

[14:43] {Threei} yes but try to enter on pullback

[14:43] {Threei} like this

[14:43] {magoo} in .08

[14:44] {Threei} breaks are surefire recipe for shakeouts on this one

[14:44] {Threei} entry on pullback into .30 when I said "like this" - look what a beauty

[14:44] {Threei} 40 cents in one gasp

[15:05] {brian3579} nemo tell me a joke

[15:12] {magoo} merr halt

[15:14] {Threei} MERR Halted: News pending

[15:16] {Threei} MERR Raises $10.2M and Settles $43.5M in Civil Legal Claims

[15:16] {Threei} - signed definitive agreements for todays funding of $10.2M through an oversubscribed private placem...more...

[15:16] {Threei} signed definitive agreements for todays funding of $10.2M through an oversubscribed private placement of convertible preferred stock.

[15:16] {Threei} - proceeds from the transaction will be used to reposition the firm for profitable growth and settle $43.5M of previously disclosed civil legal claims that resulted from the unethical conduct of a rogue retail broker in 2008.

[15:19] {dino} out aef .35, +.25

[15:20] {dino} kstevens is having trouble

[15:20] {nemo} got a joke brian...but it's not pc

[15:20] {nemo} the janitor will get pissed

[15:20] {brian3579} ty dino

[15:21] {dino} you take it?

[15:23] {magoo} i scalped that aig ..forgot popst

[15:24] {magoo} sorry ..had 3 others on

[15:24] {Threei} popst will forgive you

[15:24] {magoo} he he

[15:24] {magoo} i had to deal with mr. popst :)

[15:25] {magoo} if u know what i mean

[15:27] {Threei} I am afraid to think

[15:27] {magoo} then dont think..thats what your best at lol

[15:28] {Threei} lol, true

[15:29] {magoo} careful AIG

[15:29] {magoo} watch out below

[15:29] {Threei} 50 remained unbroken

[15:29] {Threei} not good for continuation

[15:29] {Threei} very mucxh looks like blow-off top so far

[15:29] {magoo} will or could be great launch pad at another date boss

[15:30] {magoo} just like 35 was this time

[15:30] {Threei} will need tomorrow as confirmation

[15:30] {Threei} this CNBC guest is what makes me think, top is more likely

[15:31] {Threei} if we had 5 of them bashing AIG

[15:31] {Threei} yet it would proceed higher

[15:31] {Threei} I would sy buy and hold for aniother 20 points

[15:31] {Threei} but having hype with insane tragets and drop after that...

[15:34] {magoo} are u thinkuing top AIG or u calling top like all the other 85% of the clowns ouit there

[15:34] {nemo} whoa

[15:35] {Threei} well... while clowns called top I was saying up,

[15:35] {dino} what about other 15% clowns?

[15:35] {Threei} but now we have a clown saying up :)

[15:35] {Threei} so I am more hesitant :)

[15:35] {Threei} good question dino

[15:36] {nemo} statistical outliers?

[15:36] {dino} thats why you pay me to be here

[15:37] {Threei} let me put it this way mags

[15:37] {Threei} my general motto is, trend continues until it's obviously borken, and I don't like goling against it, no matter how high or low price seems to be,

[15:37] {Threei} there is always room for higher, and almost always for lower.

[15:38] {dino} would you like me to throw something at him?

[15:38] {Threei} always dino, thank you

[15:38] {dino} lol

[15:38] {Threei} But in this case AIG is more likely to be done than not,

[15:38] {dino} brian got out of aes way too soon

[15:38] {dino} aef

[15:38] {Threei} and if yesterday or today I was very easy to convince that it was going higher

[15:38] {magoo} i just was wonderuiing if you are tented up with clowns calling for major pllbk here..or the other clowns long

[15:38] {Threei} it would have to work much harder to convince me tomorrow

[15:39] {Threei} dino... make sure it's very heavy and has sharp edges

[15:39] {dino} just threw a stress ball at him

[15:39] {Threei} that's not sharp

[15:40] {nemo} taser him

[15:40] {dino} no, let me find the darts

[15:40] {nemo} rusty darts

[15:42] {brian3579} dino what was exit?

[15:44] {dino} i took .35, unfortunately

[15:46] {magoo} we in anything?

[15:46] {Threei} no

[15:46] {magoo} ok...

[15:47] {Threei} had IMMU in mind a while ago and it did work but was so slow, I just coluldn't get a read on it

[15:48] {magoo} yea..it like triple bottomed

[15:49] {Threei} had in mind little C&H with .65 trigger

[15:49] {Threei} oh well

[15:51] {Threei} DELL Reports Q2 $0.24 v $0.23e, R$12.7B v $12.59Be

[15:51] {Threei} eeck

[15:54] {Threei} American International Group, Inc CNBC says Hank Greeberg tells them that rumors he might be forming a group to take over AIG are not true

[15:54] {Threei} - CNBC mention the comment as they discuss the move higher in AIG today, which CNBC comments was driven by chat room rumors that Greenberg might be eyeing a takeover. CNBC reporters also note that Greenberg made similar comments several months ago in an interview.

[15:56] {magoo} ty vad..everyone

[15:57] {Threei} okay guys

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening

[15:57] {Threei} see you tomorrow

[15:57] {nemo} cya

[15:57] {cosmo} immu gappa?

[15:58] {Threei} wow dell

[15:58] {Threei} another explosion

[15:59] {dino} out igk .97, +.12

[16:02] {dino} thx all