Apr 30 2009

Mostly scalping day but profits are profits - big gap days are often like this. One of interesting plays was on unlikely stock: URRE. Usual suspects become boring over time, so it was nice to play in a new sandbox.

Session Time: Thu Apr 30 00:00:00 2009

[08:04] {magoo} morning

[08:05] {Threei}  Good morning

[08:05] {Threei}  SQNM

[08:05] {Threei}  holy smokes

[08:06] {magoo} WOW

[08:06] {Threei}  04/29/09 04:40pm

[08:06] {Threei}  [SQNM] Sequenom, Inc Reports Q1 -$0.29 v -$0.23e, R $8.7M v $11.1Me

[08:06] {Threei}  - Guides FY09 Rev $32M-$35M v $55Me

[08:06] {Threei}  and of course bunch of downgrades

[08:07] {magoo} bouncer somewhere vad

[08:07] {magoo} maybe at zero

[08:09] {Threei}  what a punishment

[08:09] {magoo} vad..fslr reported last nite..u have it?

[08:09] {Threei}  04/29/09 04:38pm

[08:09] {Threei}  [FSLR] First Solar Inc. Reiterates prior FY09 guidance - conf call slides

[08:09] {Threei}  - Reiterates FY09 sales guidance $1.9B-$2.0B v $1.87Be, and margins of 31%-33%

[08:09] {Threei}  - Follow up 16:49pmET: CEO reaffirms 10%-15% of planned 2009 shipments at risk of default - conf call

[08:10] {magoo} jesus though..a 15 dollar stock to 2??

[08:10] {Threei}  try 3 brwak with stop under 2.90

[08:11] {nemo} fslr cleaned up

[08:12] {Threei}  MGM nice gap

[08:12] {Threei}  LVS is trying to catch up

[08:13] {magoo} news AMZN?

[08:14] {Threei}  no

[08:14] {Threei}  wow... SQNM didn't even try to bounce

[08:16] {cosmo} 2.50 looks solid?    hehe

[08:16] {Threei}  sure.. unless it breaks

[08:16] {nemo} it all works until it doesn't

[08:17] {magoo} and its all fun and games until someone loses an eye :)

[08:17] {Threei}  or breaks an ankle

[08:17] {magoo} ROFLOL

[08:17] {nemo} nephew has a great shirt:  "It's all fun and games until the flying monkeys attack"

[08:18] {Threei}  lol

[08:18] {nemo} "wanna' play ball scarecrow!"

[08:18] {nemo} ohoh

[08:19] {cosmo} poppies will make them sleep

[08:20] {nemo} ohoh

[08:20] {Threei}  number of downgrades on SQNM becomes ridiculous

[08:20] {Threei}  every second headline

[08:20] {nemo} rats from a sinking ship

[08:20] {magoo} really at 3 bux should be strong buy

[08:21] {magoo} ate huge offer 06

[08:22] {Threei}  there are more where that came from

[08:23] {magoo} big at 3

[08:27] {nemo} who's playing sqnm?

[08:29] {magoo} i have a lil at 2.95

[08:29] {nemo} Where's ese?  He'd have 20000 of the little buggers

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 631K V 640KE; CONTINUING CLAIMS: 6.271M V 6.200ME

[08:30] {Threei}  - Prior jobless claims revised from 640K to 645K

[08:30] {Threei}  - Prior Continuing Claims revised from 6.137M to 6.138M

[08:30] {Threei}  MAR PERSONAL INCOME: -0.3% V -0.2%E; PERSONAL SPENDING: -0.2% V -0.1%E

[08:30] {Threei}  - Prior Personal Spending revised from 0.2% to 0.4%

[08:31] {Threei}  Q1 EMPLOYMENT COST INDEX: 0.3% V 0.5%E

[08:31] {Threei}  MAR PCE CORE M/M: 0.2% V 0.1%E; PCE CORE Y/Y: 1.8% V 1.8%E; PCE DEFLATOR Y/Y: 0.7% V 0.7%E

[08:32] {jfjf64} mornin

[08:33] {Threei}  jf :)

[08:37] {Threei}  WHITE HOUSE: CHRYSLER WILL PROCEED WITH CHAPTER 11 FILING

[08:40] {magoo} shoot..missed LVS

[08:40] {Threei}  me too

[08:40] {magoo} u take vads?

[08:41] {Threei}  waited for pullback that never came

[08:43] {Threei}  SQNM honestly trying

[08:45] {Threei}  F over 5.50 resistance

[08:46] {dptl} good morning all

[08:46] {Threei}  dp :)

[08:49] {Threei}  taking any off the table magoo?

[08:50] {magoo} soon

[08:50] {magoo} wont lose on it

[08:50] {magoo} but maybe its a pointer

[08:50] {magoo} LVS pullbk enough vad

[08:51] {Threei}  a bit more would make me happier

[08:53] {ese} good morning

[08:53] {Threei}  ese :)

[08:53] {magoo} ese:)

[08:53] {vinod} good morning

[08:53] {nemo} dude :)

[08:53] {Threei}  vinod :)

[08:54] {nemo} vinod :)

[08:54] {vinod} first time i am watching you guys on pre marke

[08:54] {nemo} sqnm still running

[08:54] {Threei}  mags... take half off

[08:54] {Threei}  don't be a pig

[08:54] {ese} rally continues ehh

[08:54] {nemo} oink oink

[08:54] {Threei}  they get flu

[08:54] {vinod} got sgnm at 2.95

[08:54] {nemo} good one

[08:55] {Threei}  half out vinod, at least

[08:55] {vinod} 0ut 3.40 ony 500

[08:55] {Threei}  good job

[08:56] {vinod} i learn something new today

[08:56] {Threei}  LVS

[08:56] {Threei}  just a tad more please

[08:57] {nemo} nice call on sqnm vad

[08:58] {dptl} where are you thinking lvs?

[08:59] {Threei}  maybe under 9 if we get lucky

[08:59] {Threei}  8.80 if we get very lucky

[08:59] {dptl} i see

[09:00] {Threei}  (RU) RUSSIAN NATO ENVOY: RESPONSE TO EXPULSION OF DIPLOMATS WILL BE HARSH AND DECISIVE

[09:00] {Threei}  what did I miss?

[09:01] {fernp} Hello everybody

[09:01] {Threei}  fern :)

[09:01] {Threei}  who expelled whose dimplomats?

[09:02] {Threei}  keep an eye opn ABAT guys

[09:02] {Threei}  this one may bet some traction

[09:02] {ese} fern

06[09:04] * Threei slaps magoo around a bit with a large bootle of AntiGreedin

[09:06] {wulff} LVS

[09:06] {Threei}  took half at 9

[09:06] {Threei}  with idea to add another half if drops more

[09:12] {pita} ola everyone

[09:12] {nemo} que tal?

[09:13] {wulff} took .05

[09:13] {Threei}  pita :)

[09:14] {pita} bien?

[09:14] {fernp} ola = sea wave and hola = hello :)

[09:15] {pita} hola, gracias

[09:15] {fernp} de nada

[09:16] {dptl} where is your stop Vad lvs?

[09:16] {Threei}  [09:06] {Threei} took half at 9

[09:16] {Threei}  [09:06] {Threei} with idea to add another half if drops more

[09:16] {Threei}  I am looking for entry point for another half, not stop

[09:16] {pita} trading in the pre mkt?

[09:17] {Threei}  SQNM and LVS, pita

[09:18] {pita} wrong day to sleep in...

[09:18] {wulff} never touched .80

[09:18] {dino} gm all

[09:18] {Threei}  dino :)

[09:19] {Threei}  SQNM retreat

[09:20] {ese} wow just looked at that.......-11.75.....thats a hair cut

[09:21] {nemo} haircut...I think they started at the throat...

[09:21] {ese} what do they do?

[09:22] {ese} sqnm that is

[09:22] {Threei}  they drop

[09:22] {ese} ha ha .....ha ha

[09:23] {Threei}  genetic analysis products that translate genomic science into superior solutions for biomedical research, agricultural applications, molecular medicine and non-invasive prenatal diagnostics research, and potentially, clinical utility.

[09:24] {Threei}  (US) WHITE HOUSE AIDE: CHRYSLER BANKRUPTCY TO LAST "ONE OR TWO MONTHS"

[09:26] {ese} tks vad.........ever thought about a comedy act?

[09:27] {Threei}  yeah

[09:27] {ese} i'll be the straight guy..........you the one liners.......we could be big

[09:27] {Threei}  seinfield wasn't scared

[09:27] {ese} hmmmmmm

[09:29] {dino} downs' syndrum test claimed near 100% accuracy, now saying deata not reliable

[09:30] {dino} spelling errors

[09:30] {nemo} lab workers were stoned

[09:33] {Threei} Long Setup:  URRE  .45 break if stays above .35

[09:33] {dino} gmcr

[09:34] {jfjf64} stop

[09:36] {Threei} Long Setup:  LVS  .40 break

[09:37] {Threei}  under .30, invalidated

[09:37] {nemo} bummer

[09:37] {fernp} too fast

[09:37] {Threei}  too fast anyway

[09:37] {nemo} and invalidated

[09:39] {dptl} in urre

[09:39] {nemo} in urre

[09:39] {nemo} partial

[09:40] {dino} hmmm cyber no gmcr

[09:41] {dptl} half out ty

[09:41] {Threei}  half out URRE

[09:41] {magoo} out .84 TY vad

[09:42] {nemo} out urre ty

[09:42] {dptl} more out .65

[09:43] {ese} nice one boys

[09:45] {magoo} u still in LVS vad?

[09:45] {Threei}  no

[09:45] {magoo} me out too

[09:47] {nemo} you're outed mags?

[09:47] {nemo} whoa

06[09:47] * magoo slaps nemo around a bit with a large trout

[09:47] {nemo} hehehehehe

[09:48] {magoo} no laughing, cant focus:)

[09:48] {nemo} I'm sick, can't focus anyway

[09:50] {magoo} GMCR nuts

[09:53] {Threei}  DNDN bottomless

[09:53] {nemo} was just looking at that

[09:53] {dino} mgln

[09:56] {dino} not participating, t, vz, wmt, schw,gld

[09:58] {Threei} Long Setup:  EBAY  .95 if stays above .80

[09:59] {nemo} in

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {fernp} in

[10:00] {pita} finally caught one - EBAY

[10:01] {Threei}  (US) WHITE HOUSE ECON ADV ROMER: EXPECTS US ECONOMY TO PICK UP IN H2

[10:01] {ese} H2 ?

[10:01] {ese} or Q2?

[10:02] {_ryanagler} new here -- can you explain the ".95 if stays above .80".  when that was posted, ebay was at 16.95.  Does that mean buy at 16.95 and set your stop at 16.80?

[10:03] {nemo} I always wondered what vad meant???

[10:03] {Threei}  yes, but it was .93 wheh it was posted

[10:03] {dino} mant

[10:03] {Threei}  it also means that if it loses .80 before triggering, play is invalidated

[10:06] {Threei}  US GOVT TO REPORTEDLY ASK CHRYSLER CEO NARDELLI TO REMAIN WITH COMAPNY DURING THE TRANSITION

[10:08] {_ryanagler} thanks.  when i looked at the quote it must have just moved to .95.  so, in that setup, if it had remained at .93 for awhile longer, you are recommending to wait for .95 or to get in anywhere between .80 and .95?

[10:08] {Threei}  that depends on your level of aggressiveness

[10:09] {Threei}  look up blog article titled

[10:09] {fernp} stop below .90 for ebay?

[10:09] {Threei}  How agressive are you

[10:09] {Threei}  yeah, makes sense fern

[10:10] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[10:11] {Threei}  let's take half off here EBAY

[10:12] {Threei}  stop for second half URRE to under .60

[10:12] {Threei}  .50, sorry

[10:12] {pita} what did you see to sell half at this level?  Declining volume?

[10:13] {Threei}  NASDAQ stalles at resistance and is likely to pull back

[10:13] {Threei}  I don't want to run into situation where EBAY overreacts

[10:13] {Threei}  and shakes us out

[10:14] {Threei}  which is exatly what it does as we speak

[10:14] {pita} ah ty - looks like that is happening

[10:14] {nemo} out ebay

[10:14] {Threei}  out breakeven second half

[10:14] {Threei}  a bit disappointing

[10:14] {nemo} no lost

[10:14] {Threei}  such break on daily deserved more attention

[10:15] {pita} me too

[10:15] {pita} reenter if holds .80?

[10:15] {dino} ]psys, mant, mgln, isys, aiz

[10:15] {dptl} out too....ebay

[10:16] {Threei}  I won't pita

[10:16] {pita} k ty

[10:18] {dptl} whats with cat?

[10:18] {nemo} announced rebounding business yesterday

[10:19] {pita} cat = china growth

[10:19] {dptl} ok ty

[10:19] {dino} sm l mgln .60

[10:26] {Threei} Long Setup:  RIMM  69 break

[10:26] {Threei}  stop under .85

[10:26] {nemo} amn

[10:26] {nemo} damn

[10:26] {Threei}  let it pull back

[10:27] {Threei}  wait for resumed strength now

[10:27] {nemo} oops in

[10:29] {nemo} got out

[10:29] {Threei}  hmm?

[10:29] {Threei}  that's one weird trading :)

[10:30] {nemo} well, sounds like I jumped the gun, so bad entry 

[10:30] {nemo} therefore, being able to get out whole I consider luck

[10:30] {dptl} in 69

[10:31] {nemo} stop on RIMM?

[10:32] {Threei}  stop to under .90

[10:32] {dino} double bottom mant?, sm l mant .30 risky

[10:32] {Threei}  URRE stop to under .55

[10:34] {dptl} stopped rimm -.14

[10:34] {dino} stopped mant -.32

[10:34] {dino} f'ing rinse

[10:36] {magoo} l aapl off .50

[10:36] {magoo} stop .19 hl

[10:36] {dptl} ah rimm shakeout

[10:36] {magoo} .90 area looking for

[10:36] {jfjf64} yup

[10:36] {Threei} Long Setup:  FAS  .85 break if stays above .80

[10:37] {Threei} Long Setup:  WFC  .40 break

[10:40] {nemo} wfc invalidated?

[10:41] {Threei}  yeah

[10:41] {Threei}  turns into bounce candidate

[10:41] {Threei}  from under .20 most likely

[10:42] {_ryanagler} long might be tough into 888 s&p resistance

[10:43] {dino} mant sm l .35, last try

[10:46] {magoo} aapl stiopped

[10:48] {dino} psys s .01

[10:49] {chinggis} BAC?

[10:50] {Threei} Short Setup: DNDN  .85 half lot

[10:50] {Threei}  if stays below 21

[10:50] {magoo} OY

[10:50] {nemo} good for you guys, I magoo it and you make a call.

[10:50] {Threei}  see that big UBSS bid at .85?

[10:51] {Threei}  that's youer indication

[10:51] {dptl} in

[10:51] {nemo} too fast

[10:51] {magoo} missed dammit

[10:52] {jfjf64} cant  short    schwab   crazy

[10:52] {Threei}  I don't see any play on BAC chinggis

[10:52] {magoo} call chuck

[10:52] {nemo} hehehehe

[10:52] {jfjf64} lol

[10:52] {nemo} chuck you farley

[10:52] {Threei}  (US) WHITE HOUSE ADVISOR ROMER: REITERATES THAT UNEMPLOYMENT IS SEEN RISING OVER THE COMING MONTHS -CONG TESTIMONY

[10:52] {chinggis} ok ty

[10:54] {jfjf64} fas??

[10:54] {dptl} out urre

[10:55] {dino} pnra wants gap filled, imo

[10:55] {magoo} i like AAPl as clkose to .50 u can get long

[10:55] {magoo} 127 in the cards if IF mkt resiumes

[10:56] {magoo} i am in

[10:56] {dino} mgln stop to .91

[10:57] {dino} to .05

[10:58] {dino} out mgln .05, +.45

[10:59] {dino} psys bstop is .12 fwiw

[10:59] {nemo} what you short it at?

[10:59] {nemo} Dino

[11:01] {dino} .01

[11:01] {dptl} covered some .70 dndn

[11:01] {Threei}  covering half DNDN .60

06[11:01] * magoo slaps Threei around a bit with a large trout

[11:02] {magoo} supplement in there "large roll of cash" lol

[11:02] {Threei}  just no shaking out now DNDN, okay?

[11:03] {Threei}  break .50 and give us a buck

[11:03] {dptl} same stop?

[11:03] {Threei}  matter of taste really

[11:03] {Threei}  can move to above .90 if that matters

[11:04] {dptl} ok ty

[11:05] {dino} psys stopped -.11

[11:05] {dino} pnra hmmm, perhaps the gap waitsa

[11:06] {magoo} out aapl

[11:06] {nemo} "waitsa"?

[11:06] {nemo} solid NAS volume today...anybody know why?

[11:07] {dino} typo

[11:08] {nemo} dino, reenter psys if it breaks 19?

[11:10] {Threei}  die already DNDN

[11:10] {magoo} funny how such a wild animal one day

[11:10] {magoo} next pussycat

[11:11] {dino} should work, but its a toughie. maybe better short towards hod

[11:13] {Threei}  RIMM, that was rude

[11:13] {dino} cymi

[11:14] {jfjf64} y

[11:14] {Threei}  hate these big gap - slow climb days

[11:14] {dino} me too

[11:15] {Threei}  first you can't tell continuation from reversal, so you wait for pullback

[11:15] {nemo} yeah might as well go fishing...reminds me

[11:15] {Threei}  pullback never comes

06[11:15] * nemo slaps Alert around a bit with a large trout

06[11:15] * nemo slaps Threei around a bit with a large trout

[11:15] {nemo} better

[11:15] {Threei}  then you run into long stall

[11:15] {nemo} oh and magoo...

[11:15] {Threei}  where longs don't work,

[11:15] {Threei}  neither do shorts

06[11:15] * nemo slaps magoo around a bit with a large venison back straps

[11:16] {jfjf64} that cd be prob

[11:21] {dptl} out dndn

[11:21] {Threei}  yeah

[11:22] {pita} LVS filled gap -  now what?

[11:24] {Threei}  it didn't

[11:25] {Threei}  7.70 is yest close

[11:25] {pita} from yest high

[11:26] {Threei}  hihg 7.99

[11:27] {pita} my 5 day says 8.20?

[11:27] {dino} bare

[11:27] {pita} oh that's after mkt

[11:33] {dino} cymi s sm .53

[11:35] {Threei}  (US) WHITE HOUSE ADVISOR ROMER:

[11:35] {Threei}  - "Incredible uncertainty' surround the cost of fixing the financial system

[11:35] {Threei}  - States that IMF is unlikely to have accurate estimates on true costs for the 'clean up' of the US financial system

[11:35] {Threei}  - Reminder: On 4/29 -White House's Romer: Believes Q1 GDP may have a "silver lining" in higher consumer spending and lower inventories - TV interview

[11:35] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[11:35] {Threei}  - Reiterates that there are limited signs that financial markets are loosening up somewhat.

[11:36] {Threei}  STATEMENT FROM NON-TARP LENDERS TO CHRYSLER; SAYS OFFERS TO CO. HAVE BEEN REJECTED OR IGNORED

[11:36] {Threei}  - Lending group comments that it is continuing talks with US Treasury

[11:36] {Threei}  - Offered to take 40% haircut

[11:39] {dino} dealing w/govt=dealing w/devil it seems

[11:40] {Threei}  heh

[11:40] {Threei}  white house statement says lenders failed to act in their own interests and in national interests

[11:40] {Threei}  how about that?

[11:41] {magoo} national interests

[11:41] {magoo} nazi germany

[11:41] {Threei}  wagging finger

[11:41] {magoo} huh?

[11:46] {Threei}  don't you find it incredibly patronizing to tell them what their best interests are?

[11:46] {nemo} I liked that one best

[11:46] {Threei}  IMF: IMPACT ON CERTAIN COUNTRIES FROM THE SWINE FLU OUTBREAK MAY BE QUITE 'DRAMATIC'

[11:48] {Threei}  CDC official on CNN... "we are twitting... I've never twitted before"

[11:49] {Threei}  I am getting old...

[11:49] {Threei}  it irritates me to no end, lol

[11:49] {Threei}  ity's acting CDC director

[11:50] {Threei}  apparently can't wait to finish press-conference and go twit

[11:50] {cosmo} twit?

[11:50] {Threei}  you are old too cosmo

[11:51] {Threei}  you don't twit

[11:51] {cosmo} very

[11:51] {cosmo} oh

[11:51] {vinod} outbreak of swine flu panic

[11:51] {nemo} sqnm vad

[11:51] {dptl} short wfc agresive .23 stop above .30

[11:52] {Threei}  lol vinod

[11:53] {Raven} chirp

[11:53] {nemo} ravens chirp?

[11:53] {Threei}  wow... CDC: Mexico lab is able to make diagnosis now

[11:53] {Raven} today they do

[11:53] {Threei}  nemo... one thing is for sure

[11:53] {Threei}  Ravens do NOT twit

[11:53] {Raven} I hate twits

[11:53] {vinod} good excuse to stay home

[11:54] {vinod} i should tell my bos i am feeling swan

[11:54] {Threei}  ahha

[11:54] {Threei}  CNN corrected him

[11:54] {cosmo} is it dangerous while driving?

[11:54] {Threei}  it's not twitted, it's tweeted

[11:54] {cosmo} ...twitting?

[11:55] {Threei}  now I know too, along with acting director of CDC

[11:55] {Raven} how absurd

[11:55] {dino} wow, the tangents you guys take lately, lol

[11:56] {Raven} cosines?

[11:56] {Threei}  I am telling you... 5 years more, I won't understand half of what they say

[11:56] {Threei}  (of course I don't understand about 47% as of now)

[11:56] {dino} mgln approaches lod, life, psys towards hod

[11:56] {fernp} How many days without smoking, Vad?

[11:56] {nemo} wait til we go to derivatives Dino

[11:57] {nemo} without smoking what?

[11:57] {fernp} lol

[11:57] {Threei}  6 weeks, fern

[11:57] {fernp} WTG

[11:57] {Threei}  ty

[11:57] {Threei}  no craving either

[11:58] {Threei}  clean break

[11:58] {Threei}  after 30 years of smoking

[11:58] {dptl} sigh...stopped wfc

[11:58] {dptl} -.07

[11:58] {dino} congrats vad

[11:58] {Threei}  ty

[11:58] {Raven} after 30 years you're doomed anyway

[11:58] {fernp} yes, congrats

[11:58] {Threei}  of course I am... smoking or no smoking

[11:59] {Raven} just trying to be the optimist

[11:59] {Threei}  but for different reasons

[11:59] {nemo} only sure thing in life

[11:59] {vinod} congrat for giving up smoking

[11:59] {Threei}  maybe .80 break on SQNM worth a short

[12:00] {Threei}  ty vinod

[12:00] {vinod} 20 year ago my wife was going to leave unless i quite

[12:00] {Threei}  you are single since then right?

[12:01] {vinod} no i quite in hurry

[12:01] {Threei}  wow

[12:01] {nemo} stuff croaked my mother...rotten painful way to go

[12:01] {Threei}  I'd leave her just because I wouldn't accept ultimatum :)

[12:02] {vinod} accept all when you are in love

[12:02] {dptl} in sqnm

[12:02] {Threei}  REPORTEDLY US OFFICIALS ARE LEANING TO DISCLOSING INDIVIDUAL BANK STRESS TEST RESULTS NEXT WEEK

[12:03] {Threei}  PRESIDENT OBAMA: CHRYSLER TO FILE FOR BANKRUPTCY IN NEW YORK, FIAT TO TAKE 20% STAKE IN REORGANIZED COMPANY

[12:03] {Threei}  - GMAC to be financing arm for new Chrysler cars

[12:03] {Threei}  - US Treasury to have 8% equity stake in new Chrysler; Govt of Canada and Ontario to have 2% stake

[12:03] {Threei}  - White House confirms sees a 'surgical' bankruptcy to last approx 30-60 days

[12:03] {Threei}  - Chrysler network of US dealers are part of bankruptcy{GM F F.IT USD/CAD EWC}

[12:04] {dptl} stop .94

[12:04] {dptl} ?

[12:04] {Threei}  I prefer .91

[12:04] {dptl} ok ty

[12:06] {nemo} what quoth the Raven today?

[12:07] {Raven} Neverenough ?

[12:07] {dino} cymi bstop to .23

[12:08] {Threei}  Prez on TV

[12:09] {Threei}  PRESIDENT OBAMA: REORGANIZATION WILL GIVE CHRYSLER A "NEW LEASE ON LIFE"

[12:11] {dino} life s sm .86, stop hod

[12:11] {Threei} Short Setup: CAT  36 breakdown

[12:12] {magoo} independent of mkt?

[12:12] {dino} mant waking up

[12:13] {Threei}  why independent?

[12:13] {Threei}  mostly moves in unison

[12:14] {magoo} i mean mkts upticking

[12:14] {nemo} PSYS DINO

[12:14] {Threei}  which means CAQT is not likely to trigger

[12:14] {magoo} dont like to short in uptrend

[12:14] {magoo} unlessstox independent

[12:14] {magoo} hey, theres that word again

[12:14] {Threei}  if stays close enough to thwe trigger level, should trigger when market reverses

[12:14] {dino} schw big gap around 17.60 from tues.

[12:15] {dino} cymi to .13

[12:15] {dino} cov +.40

[12:15] {Threei}  - Believes the arrangement with Fiat will save 30K jobs.

[12:15] {Threei}  - Deal involves transfer of Fiat's 'cutting edge' technology to Chrysler.

[12:16] {Threei}  - bankruptsy is not a sign of the weakness

[12:16] {Threei}  hmmm

[12:16] {Threei}  this one is my favorite I think

[12:17] {Threei}  - small group of speculators endangers Chrysler future by refusing to make sacrifice like everyone else

[12:17] {Threei}  no... this one is better

[12:18] {dino} no mention of union concessions

[12:18] {vinod} Creditors have decided that cash is more important than the future of the American car industry

[12:18] {nemo} what future?

[12:18] {Threei}  UAW had 55% stake under the proposed deal

[12:18] {Threei}  creditors said no way

[12:19] {Threei}  also, all projections show that Chrysler if survives can count on 5% market share

[12:19] {Threei}  that's less that Kia ot Hundai

[12:19] {Threei}  creditors are quite right to walk away

[12:20] {Threei}  CAT invalidated

[12:20] {Threei}  - Notes disappointment with hedgefund bondholders, who were holding out for a better deal.

[12:20] {Threei}  - says Chrysler Finance would have needed an unacceptable amount of govt support, thus new Chrysler financing will be provided by GMAC

[12:21] {patience} why does it think i'm away vad

[12:22] {Threei}  what does?

[12:22] {patience} the little line that says patience is away

[12:22] {Threei}  you must have set it somewhere

[12:22] {patience} ty

[12:22] {Threei}  in mirc, go to:

[12:23] {cosmo} Solution for auto companies:  They are 'shovel ready' to make rail cars, rails, and MagLev systems.... they had to make tanks during the war...remember?

[12:23] {Threei}  Commands - Set Away

[12:23] {Threei}  make sure it's on Off

[12:23] {Threei}  I don't remember cosmo... you take my 'I am old" too literally {G}

[12:24] {chinggis} cat

[12:24] {chinggis} sorry mistake

[12:24] {cosmo} oh ... not the more recent wars, of course

[12:28] {dino} how do they figure gmac has funds, gm is broke too

[12:31] {wulff} CAT breaks

[12:33] {cosmo} CAT next big U.S. auto maker maybe?

[12:34] {Raven} those are gonne be pretty heavy cosmo ...

[12:34] {dino} mant to .60

[12:34] {Raven} gonna

[12:35] {Raven} will chew up the roads mabye

[12:35] {Raven} maybe ...

[12:35] {Threei}  that will create more jobs Raven

[12:35] {Raven} that'll be swell

[12:35] {cosmo} they are very stable in high winds

[12:35] {dino} cool name

[12:35] {Raven} lol ... very true

[12:36] {cosmo} i love the treads too

[12:36] {Raven} I like tanks a lot

[12:36] {dino} your welcome

[12:36] {Raven} always wanted one

[12:36] {cosmo} hmmm

06[12:36] * Raven slaps dino around a bit with a large trout

[12:37] {dino} to .72 mant

[12:37] {dino} ouch

[12:37] {dino} to .80

[12:38] {dptl} out sqnm ty

[12:38] {dino} out +.45

[12:38] {Threei}  can't believe it took this long to work, dp

[12:38] {jfjf64} im i on line  lost  connection

[12:38] {Threei}  but whatever

[12:38] {dino} too tight

[12:39] {dino} itri blood

[12:39] {jfjf64} any body copy   yes  no   

[12:39] {Threei}  no

[12:39] {fernp} yes, you are in jf

[12:39] {cosmo} Infrastructure Conglomerate   ... the next industrial sector...

[12:39] {Threei}  fern... you are wayyy too polite

[12:40] {jfjf64} ty    are ya in anything

[12:40] {Threei}  just covered SQNM, jf

[12:40] {jfjf64} ty

[12:42] {pita} adios

[12:43] {fernp} adios pita, nos vemos maana

[12:43] {dino} itri hmmmm

[12:43] {dino} mgln lod

[12:45] {Threei}  awww

[12:45] {Threei}  too soon on SQNM

[12:45] {Threei}  but jeez, it took so long

[12:45] {Threei}  I was just glad to stop staring at it

[12:45] {jfjf64} lol

[12:45] {nemo} look at cat

[12:46] {dino} nemoooooooooo, we missed psys short

[12:46] {Threei}  CAT was kind of discretionary

[12:47] {nemo} I pointed it out to you, and didn't hear back

[12:47] {Threei}  it did reestablish short setup but somewhat lukewarmly

[12:47] {dino} said around hod, see way above

[12:47] {cosmo} 35.50 is pivotal imho

[12:47] {nemo} [12:14] {nemo} PSYS DINO

[12:47] {ese} am back......whats with the dive of the market since i',ve been gone

[12:48] {Threei}  just pulling back off resistance, ese

[12:48] {nemo} So, it's my fault?

[12:48] {ese} for the market pulling back nemo

[12:48] {dino} indeed, lol

[12:48] {nemo} interloper...no the psys short

[12:49] {dino} now, i know this is a contradiction, but; dieeeeeee life

06[12:49] * nemo slaps dino around a bit with a large copy of Nemo's "Disgruntled Postal Worker Fantasy List"

[12:49] {dino} :)

[12:49] {nemo} life and death are merely different sides of the same coin...puke

[12:50] {dino} ok, nemo, riddle me this, itri entry?

[12:50] {dino} isle

[12:51] {Threei}  FAZ

[12:52] {dino} ugh, none avail

[12:52] {Threei}  watching for entry under 8

[12:52] {nemo} with market help, break of 43 

[12:52] {nemo} however, stop below .75 

[12:54] {nemo} why itri drop so much?

[12:54] {Threei}  missed earnings

[12:54] {dino} bstop life to .66

[12:54] {nemo} you in itri dino?

[12:55] {nemo} where?

[12:55] {dptl} in faz 8

[12:55] {vinod} in faz 8.00

[12:55] {dino} not yet

[12:56] {dino} waiting 42.80

[12:56] {nemo} what you lookin for, Willis?

[12:56] {vinod} i still have CAT shorted at 36.02   200

[12:56] {dptl} .95 stop?

[12:56] {dino} mgln hmmmm

[12:56] {dino} holding lod so far

[12:56] {Threei}  CHRYSLER FORMALLY FILES FOR BANKRUPTCY PROTECTION

[12:58] {dptl} out .05 ty

[12:59] {nemo} Dino, ITRI

[12:59] {dptl} got to use EDGX with faz ..fills mush faster than isld]

[12:59] {dino} missed itri

[13:00] {Threei}  seriously dp?

[13:00] {Threei}  I get instant ones with ISLD

[13:00] {nemo} ITRI moving without market

[13:01] {dino} i chickened out nemo

[13:01] {dptl} i don't know waiting all the time on isld with this one and edgx filling

[13:01] {nemo} that's o.k.  my middle name

[13:01] {dino} bummer

[13:01] {nemo} yeah .90 so far

[13:01] {Threei}  whose middle name is bummer?

[13:01] {dino} life to .57

[13:01] {nemo} for years I thought my name was "Asshole!"

[13:02] {nemo} I'm crying Dino

[13:02] {Threei}  mine was Hey You

[13:03] {dino} i'm a dumbazz

[13:03] {Threei}  magoos, I bet, is: Mister, don't shoot!!

[13:03] {dino} cov life .55, +.31

[13:04] {dino} there are better worlds(stocks) than these nemo

[13:04] {nemo} 2.00 in 10 minutes?

[13:05] {nemo} mags/3i's google earnings plays not-withstanding

[13:05] {dino} eyes on mgln

[13:07] {Threei}  hmm

[13:07] {Threei}  dp, you are right

[13:07] {Threei}  got very nice fills on both removing and adding liquidity on EDGX

[13:08] {dptl} ye even if you look at ecn t&s you'll see it's all edgx

[13:08] {Threei}  ty, and your middle name from now on is How Very Observant

[13:08] {dptl} what you in again?

[13:09] {Threei}  nothing right now, just scalped FAZ

[13:10] {Threei}  again, both sides adding liquidity this time

[13:10] {Threei}  ECN revate in works

[13:10] {Threei}  rebate

[13:11] {Threei}  laserheads, you know you can sdee rebate real time, right?

[13:11] {Threei}  see

[13:12] {nemo} the "passthru"

[13:12] {Threei}  right

[13:12] {Threei}  can see both overall and on particular stock

[13:12] {nemo} Had no idea

[13:13] {Threei}  look at number before fill

[13:13] {Threei}  then after

[13:13] {Threei}  you'l see it changing

[13:13] {Threei}  if you add liquidity, it will decerase

[13:15] {nemo} you in mgln yet dino?

[13:15] {Threei}  on my FAZ trades today I actually have positive number

[13:15] {Threei}  meaning I got paid by ECNs to play it

[13:16] {vinod} cover cat 35.48 out faz 8.08

[13:17] {Threei}  very nice on CAT

[13:17] {Threei}  over 50 cents

[13:17] {vinod} TK 

[13:17] {dptl} ye ,thats why it's nice to have ecn t&s to see wich ecn is filling the most so you can get out or get in easily

[13:18] {vinod} I have to play my way sometime because of work

[13:18] {Threei}  unless it gets overcrowded

[13:19] {Threei}  trying to bid FAZ 8.02

[13:19] {dino} mgln not yet nemo, waiting at 29.50

[13:19] {Threei}  yeah right FAZ says

[13:20] {dino} darn, covered my shorts too soon

[13:21] {dino} watching mant and itri for drops into this then bounces

[13:25] {dino} sm l mgln .50 wide

[13:26] {dptl} cat bounce? or to early?

[13:31] {dino} tndm

[13:44] {dino} sm l pnra .10

[13:49] {Threei}  S&P LOWERS CHRYSLER LLC'S RATINGS

[13:49] {Threei}  no really?

[13:52] {nemo} pnra looking more like a short now

[13:54] {dino}  depends on mkt imo

[13:55] {ese} ya'll have good time naaa ya hear........see ya tomorrow

[13:55] {dino} cya es

[13:55] {ese} c ya dino

[13:58] {dptl} {dptl} cat bounce? or to early?...lol 

[14:00] {dino} pnra tighten to .87 not working

[14:01] {nemo} kinda' scary if it breaks 57

[14:06] {dino} stopped-.23

[14:08] {nemo} ITRI ino

[14:09] {Threei} Long Setup:  FAS  .50 break if stays above .45

[14:14] {dino} cpla

[14:17] {dptl} valid again?

[14:18] {nemo} you play cpla dino?

[14:19] {Threei}  I'd like it to make one more move between .45 and .50

[14:19] {Threei}  to reestabliash the range

[14:20] {_ryanagler} gs short at 127 maybe?

[14:20] {_ryanagler} both 20 & 50 ma resistance

[14:20] {dino} sm l life .00

[14:21] {dino} nemo, waiting at 49.60

[14:21] {Threei}  finanacials uptrend again ryan

[14:21] {nemo} for CPLA?

[14:21] {Threei}  it's very jerky, can drop of course

[14:22] {Threei}  but there is nothing to indicate entry

[14:26] {dino} y

[14:26] {dptl} .55-.60 now fas?

[14:27] {Threei}  nah

[14:27] {Threei}  pullback into .50 or under

[14:27] {Threei}  I can't chase after such vertical spike

[14:27] {dptl} ok will wait

[14:28] {_ryanagler} short gs at .05

[14:30] {Threei}  swimming against the current ryan...

[14:32] {_ryanagler} youre probably right.  stop is at .50.  usually when 20 and 50 ma converge on 10min to a point at even number its good resist

[14:32] {nemo} ohoh indicators

[14:34] {vint} even after luch hrs, mkt seems tired

[14:34] {jfjf64} fas

[14:35] {Threei}  news helped send GS/FAS down

[14:36] {Threei}  TSLF auction, not very successful

[14:36] {Threei}  not sure it will have any lasting impact though

[14:36] {Threei}  SENATE BUDGET COMMITTEE CHAIRMAN: GEITHNER TELLS SENATE THAT NO ADDED BAILOUT FUNDS WILL BE REQUESTED ANY TIME IN THE NEAR FUTURE

[14:36] {nemo} hasn't moved TBT

[14:39] {Threei}  half out FAS here

[14:40] {nemo} when did you enter?

[14:40] {nemo} nevermind

[14:45] {_ryanagler} out gs at .50

[14:53] {dino} mant getting interesting again

[14:53] {dino} scor spike

[14:57] {Threei}  uh oh

[14:57] {Threei}  GM

[14:57] {Threei}  BONDHOLDER COMMITTEE HAS REPORTEDLY CANCELLED CONFERENCE CALL; GM NOTES IT WANTS TO FOCUS ON REDUCING DEBT AND CAPACITY AND WORKING WITH AUTO TASK FORCE

[14:57] {Threei}  another sign of strength coming?

[14:58] {Threei}  [12:16] {Threei} - bankruptcy is not a sign of the weakness

[14:59] {dino} score

[15:00] {dino} mwiv drop

[15:03] {Threei}  feels like selloff toward the end of day

[15:03] {Threei}  watch FAZ for entry

[15:03] {Threei}  likely to opullback toward 8 or just under

[15:05] {Threei}  US SENATE DEFEATS CRAM DOWN AMENDMENT TO HOUSING LEGISLATION

[15:05] {dino} mgln stop to .59, mkt fall

[15:05] {dino} life to .89

[15:06] {dino} life stopped -.11

[15:06] {dino} mgln stopped +.09

[15:06] {jfjf64} faz nice

[15:06] {Threei}  you took it jf?

[15:07] {jfjf64} yes .05

[15:07] {jfjf64} out .13

[15:07] {Threei}  good reflexes

[15:07] {fernp} gj

[15:07] {Threei}  it's not over

[15:07] {Threei}  bounce, then selling should resume

[15:08] {_ryanagler} dbl bottom

[15:08] {Threei}  and bounce is not likely to big big

[15:08] {jfjf64} when  do i get hit with the trout

[15:08] {Threei}  I don't think it's going to hold ryan

[15:08] {Threei}  new low is coming

[15:08] {_ryanagler} agree :)

06[15:08] * nemo slaps jfjf64 around a bit with a large roll of cash

[15:09] {jfjf64} yeah 

[15:09] {jfjf64} faz  again

[15:12] {jfjf64} need ya help bg guy

[15:12] {Threei}  what's with DRYS?

[15:13] {nemo} yeah saw that

[15:16] {Threei}  DOW red

[15:16] {Threei}  S&P red

[15:16] {Threei}  NASDAQ is a last one holding

[15:17] {Threei}  here comes breakdown on NASDAQ

[15:17] {Threei}  new low

06[15:17] * Threei high-fives ryan

[15:18] {Threei}  COMP red

[15:18] {Threei}  NQ last one in green

[15:18] {dino} s psys .15

[15:18] {Threei}  FAZ 20 cents spike from under .10

[15:18] {dino} gaps fill, next 8016, 1361,855

[15:25] {Threei}  US HOUSE APPROVES LEGISLATION TO APPROVE CREDIT CARD RULES

[15:25] {jfjf64} ??

[15:25] {Threei}  shrug

[15:25] {jfjf64} no more interest

[15:25] {dino} sm l mwiv .30

[15:27] {jfjf64} faz   .10   

[15:28] {dino} mgln l hl .53

[15:29] {dino} psys stopped -.16 done w/it

[15:30] {Threei}  AIG

[15:30] {Threei}  CONSIDERING CLOSING UNPROFITABLE MORTGAGE GUARANTEE UNIT

[15:30] {Threei}  lol

[15:30] {jfjf64} hmm

[15:30] {Threei}  we must be approaching to bottom of the crisis

[15:31] {jfjf64} faz?

[15:31] {dino} mant sm l .63

[15:31] {Threei}  in .05

[15:31] {Threei}  stop under 8

[15:32] {Threei}  hmmm

[15:32] {Threei}  no news that I see

[15:33] {dptl} faz?

[15:33] {Threei}  15:31] {Threei} in .05

[15:33] {Threei}  [15:31] {Threei} stop under 8

[15:33] {dptl} oh lol

06[15:33] * Threei slaps dptl around a bit with a large alarm clock

[15:34] {dptl} in .05

[15:34] {_ryanagler} in .03

[15:35] {dino} out mwiv .05, +.75

[15:36] {Threei}  wtg dino

[15:36] {fernp} indecent dino :)

[15:37] {dino} lol, lucky bounce

[15:38] {nemo} cu tomorrow

[15:39] {jfjf64} kick this faz

[15:39] {dino} cya nemo

06[15:39] * Threei slowly puts on steel toe boots and looks in FAZ's direction

[15:40] {dino} pnra maybe will fill that gap

[15:40] {dptl} out ty

06[15:40] * Threei meets FAZ eyes

06[15:41] * Threei points finger at his pffer at .15

[15:41] {chinggis} out faz.12 ty

[15:42] {Threei}  sure

[15:42] {dino} mant stop to .83

[15:42] {Threei}  whatever... out .13

[15:43] {jfjf64} ditto ty

[15:43] {jfjf64} faz  got me goin  today   lol

[15:43] {_ryanagler} something big coming

[15:44] {dino} stopped mant +.20

[15:47] {Threei}  last try

[15:48] {Threei}  stop is really small

[15:48] {Threei}  can't stay away

[15:48] {dptl} .05 again?

[15:48] {Threei}  no, took .02

[15:48] {dino} m,gln stop to .93

[15:49] {Threei}  out .08

[15:49] {dino} out +.40

[15:49] {Threei}  chicken feed

[15:49] {Threei}  but there was enough of that today to make it profitable day

[15:49] {_ryanagler} nice

[15:50] {_ryanagler} still holding at .03

[15:51] {dino} light but green

[15:51] {Threei}  yeah

[15:51] {dino} lots of rinses today

[15:52] {Threei}  ryan... you know it's 7 min till eod, right?

[15:53] {_ryanagler} yes.  biggest dumps have come in last 5 min in last couple weeks

[15:53] {Threei}  yeah

[15:53] {_ryanagler} but also biggest rallys :)

[15:53] {Threei}  just making sure :)

[15:53] {Threei}  some here actually frogot

[15:53] {Threei}  and were closing positions in hurry on last seconds, lol

[15:54] {dino} gotta hop, thx all, baseball calls

[15:54] {Threei}  take care dino

[15:54] {dino} u2

[15:55] {Threei}  nice FAZ

[15:56] {_ryanagler} gogo

[15:56] {Threei}  4 min

[15:58] {_ryanagler} fun faz run

[15:58] {jfjf64} woooo    ty    good  night

[15:59] {_ryanagler} stops to .32

[15:59] {dptl} have a good evening all

[15:59] {_ryanagler} ouy. ty vad!

[15:59] {Threei}  thank you all

[15:59] {_ryanagler} out

[15:59] {Threei}  welcome, good job

[16:00] {Threei}  have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {fernp} good evening all

[16:00] {_ryanagler} take care

Apr 29 2009

Lackluster day. A few small stops, a few even smaller wins. One of those days when you don't understand why you bothered to wake up - at least for the trading part of the day.

Session Time: Wed Apr 29 00:00:00 2009

[07:10] {nemo} anybody home?

[08:07] {Threei}  good morning

[08:07] {Threei}  wow DNDN

[08:07] {Threei}  what a killer

[08:07] {Threei}  did its best to destroy both sides

[08:14] {Threei}  Prez on TV in case you wondered

[08:16] {magoo} morning

[08:16] {Threei}  mags

[08:17] {magoo} any feel on DNDN?

[08:18] {Threei}  will be very volatile

[08:18] {Threei}  whether all good news is in or not, remains to be seen

[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,

[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one

[08:19] {magoo} yea

[08:19] {Threei}  so I'd think it will have considerable amount of bailing out

[08:19] {magoo} still avail short in laser

[08:20] {Threei}  my best guess at this point:

[08:20] {Threei}  it will soak in that bailing out and jump uponce again

[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion

[08:21] {magoo} u think go to 30 pre mkt?

[08:21] {Threei}  I don't know

[08:21] {Threei}  it's a pure guess, don't press me

[08:22] {magoo} ask your magic 8 ball..dino smashed ours

[08:22] {Threei}  risk is on multi-points on this one, especially pre-market

[08:26] {magoo}  don't press me

[08:26] {magoo} ? no pressure, cranky

[08:26] {Threei}  cranky is my usual state

[08:26] {Threei}  just ask my wife

[08:27] {magoo} gdp nummbers

[08:27] {Threei}  in 3 min

[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO

[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;

[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E

[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E

[08:30] {dptl} good morning all

[08:30] {Threei}  dp :)

[08:35] {pita} ola

[08:35] {Threei}  pita :)

[08:39] {fernp} Good morning

[08:40] {Threei}  fern :)

[08:40] {larisa} good morning :) 

[08:40] {Threei}  larisa :)

[08:47] {Threei}  GDP numbers failed to send the market down

[08:48] {cosmo} failed?

[08:49] {_ryanagler} first US swine flu death also failed

[08:50] {vinod} good morning

[08:50] {_ryanagler} Good morning

[08:50] {Threei}  ryan, vinod :)

[08:50] {Threei}  yes, nothing can keep this market down

[08:50] {cosmo} hmmm ... flu failed to impress

[08:51] {nemo} gotta' decrease the surplus population anyway

[08:51] {vinod} we need more bad news it is good for market

[08:52] {Threei}  market does its usual job

[08:52] {Threei}  goes up with as few on board as possible,

[08:53] {Threei}  by using bad news as a factor keeping crowd at bay

[08:53] {Threei}  climbing up against all odds,

[08:53] {Threei}  luring them in,

[08:53] {nemo} THen........

[08:53] {Threei}  and setting the stage for the usual:

[08:53] {cosmo} climbing up against all walls

[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,

[08:53] {Threei}  then trap shuts

[08:54] {Threei}  and market drops

[08:55] {ese} GM

[08:55] {Threei}  ese :)

[08:55] {ese} hey vad

[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade

[09:03] {Threei}  GERN

[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY

[09:04] {ese} bulk dry index?  anybody seen or heard?

[09:08] {Threei}  not for quite a while

[09:11] {chinggis} Goodmorning

[09:11] {pita} drys up 5% on no news

[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support

[09:12] {ese} morning chingis

[09:12] {Threei}  chingis :)

[09:13] {pita} I'm watching too

[09:14] {pita} DRYS pre mkt high close to yesterday high

[09:16] {Threei}  WFC yest high 20.12, premarket 20.15

[09:16] {ese} dndn just hit my screens

[09:16] {Threei}  if we get strength, that area is breakout point

[09:19] {dino} gm all

[09:20] {fernp} gm dino

[09:20] {nemo} hey "lucky" man

[09:20] {Threei}  dino :)

[09:20] {nemo} oh no...an ELP moment

[09:20] {dino} :)

[09:20] {jfjf64} good mornin   all

[09:20] {Threei}  jf :)

[09:20] {ese} hey dino

[09:22] {dino} gm

[09:22] {pita} Vad, thoughts on HBAN?

[09:23] {ese} don't stay in it along time....financial not that good

[09:24] {Threei}  none yet...

[09:24] {Threei}  yest high 2.96

[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play

[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh

[09:25] {ese} boy i'll say

[09:26] {ese} that thing is all over my screens this morning

[09:26] {dino} off mine

[09:26] {Threei}  I used whiteout to get rid of it

[09:26] {ese} i'll try tape

[09:26] {Threei}  works great on monitor surface

[09:27] {ese} simple mater of using a chisel to get it off ...perfect

[09:28] {Threei}  sheesh DNDN

[09:28] {Threei}  one thing is for sure

[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it

[09:30] {ese} ill heed that advice

[09:31] {Threei} Long Setup:  WFC  .95 break

[09:31] {Threei}  if stays above .80

[09:32] {nemo} half or whole

[09:32] {Threei}  jeez DNDN

[09:33] {nemo} invaluamdidate

[09:33] {Threei}  invalidated anyway

[09:33] {Threei}  I am still inetersted, watching for new setup

[09:33] {dino} pfwd

[09:35] {dptl} hban?

[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play

[09:36] {ese} l drys .40

[09:36] {dino} pnra

[09:38] {Threei}  looks like first morning jumpiness subsides

[09:38] {Threei}  WFC, pullback into .70 for long entry

[09:38] {dptl} in hban

[09:41] {pita} in

[09:41] {dino} hsii

[09:43] {nemo} am I still here?

[09:43] {Threei}  very existential question

[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time

[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot

[09:46] {dptl} stop .85 for hban? 

[09:47] {dino} pnra sm l .50, jumpy wide

[09:47] {dptl} in wfc

[09:47] {magoo} in

[09:48] {nemo} in

[09:48] {nemo} stop is 95

[09:48] {Threei}  for scalpers...

[09:48] {Threei}  I'd prefer over over 20

[09:52] {Threei}  CRYP...

[09:53] {Threei}  no worky WFC

[09:53] {dptl} stopped

[09:54] {pita} stopped

[09:55] {pita} FITB

[09:56] {wulff} I feel a F .40 breakout coming

[09:56] {Threei}  .long lulu 14.80 break

[09:56] {Threei} Long Setup:  LULU  14.80 break

[09:57] {magoo} crazy one right?

[09:57] {Threei}  potentially

[09:58] {dptl} stop to under .90 hban

[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW

[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2

[10:02] {wulff} RIMM looks short candidate

[10:03] {nemo} NDX might be bottoming, maybe not

[10:03] {nemo} that is Rimm short if NDX going to climb

[10:03] {ese} is ARCA down?

[10:04] {Threei}  CAT

[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ

[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right

[10:06] {dptl} stopped hban

[10:08] {dino} life

[10:09] {wulff} is

[10:09] {magoo} shit]

[10:09] {dino} psys close to hod

[10:09] {wulff} there goes RIMM

[10:10] {wulff} was going to do .80 break

[10:12] {Threei}  BAC

[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING

[10:12] {dino} psys spike

[10:13] {dino} pnra stopped -.50 dumb had .50

[10:16] {dino} sm s psys .10

[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing

[10:18] {dptl} wfc?

[10:18] {wulff} I'll take it from you

[10:18] {Threei}  shrug

[10:18] {Threei}  you see any setup to take?

[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction

[10:19] {wulff} F .38 break

[10:21] {ese} out drys .41 even daaaaaa

[10:22] {Threei}  LVS lost its mind

[10:22] {ese} vad you describing the sex life of a trader in that last post????

[10:22] {ese} 2nd last post

[10:23] {dino} hsii l .05 sm

[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300

[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies

[10:29] {larisa} do not worry ese, he is just asleep :)

[10:29] {ese} pheeeewww.....

[10:29] {nemo} wow up and up

[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;

[10:31] {Threei}  we have FOMC today... mostly non-event I'd think

[10:32] {Threei}  although who nows what they say in comments

[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose

[10:36] {Threei}  jeez

[10:36] {Threei}  typed alert short DNDN 25.10 break

[10:37] {Threei}  was late as it broke while I typed

[10:38] {magoo} i got that

[10:38] {magoo} honest

[10:40] {dino} sm s life .15

[10:40] {Threei} Long Setup:  GE  .46 if stays above .40

[10:40] {magoo} covered here ,36

[10:40] {magoo} +  alot

[10:40] {dptl} in ge

[10:41] {magoo} ty vad for telepathic short call

[10:41] {Threei}  lol

[10:41] {magoo} something compelled me

[10:41] {dino} gj

[10:42] {magoo} in ge

[10:44] {jfjf64} lets go  ge

[10:45] {magoo} vad is there news RIMM?

[10:46] {Threei}  nothing fresh or urgent

[10:48] {vinod} someone should kick the GE

[10:49] {Threei}  look at it's daily

[10:49] {Threei}  screams 14

[10:49] {vinod} nemo-What are they drinking on Wall Street?

[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010

[10:50] {Threei}  sigh

[10:51] {nemo} ge seems to be caught wit fas

[10:52] {nemo} am I here

[10:52] {ese} hello

[10:52] {ese} wondering the same

[10:52] {vinod} hello

[10:53] {magoo} i cant see any of u 3

[10:53] {vinod} my screen went blank

[10:53] {nemo} :)

[10:53] {nemo} usual state for my brain vinod

[10:54] {dino} same

[10:56] {Threei}  anything's going to qwork today?

[10:56] {dptl} ah...stopped ge

[10:56] {nemo} stopped

[10:57] {cosmo} ATVI test @ 11  fwiw

[10:57] {pita} stopped

[10:57] {fernp} stopped GE

[10:57] {Threei} Long Setup:  DNDN  half lot .10 break

[10:57] {Threei}  stop under .90

[10:58] {magoo} too funny..i just took 24 long

[10:58] {dptl} valid still ?

[10:59] {vinod} see you after 1.30

[10:59] {Threei}  yes

[10:59] {Threei}  take care vinod

[11:00] {magoo} bye v

[11:00] {dino} pnra big rinse-job

[11:01] {magoo} out

[11:01] {Threei}  invalidated DNDN

[11:01] {magoo} RIMM vad..near low

[11:03] {jfjf64} stopped ge

[11:05] {dino} filled gap yesterday rimm

[11:10] {cosmo} atvi 11 wall

[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows

[11:11] {dino} life to b/e stuck

[11:14] {dino} psys stopped -.34

[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT

[11:16] {dino} and ccl, rcl up

[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU

[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27

[11:24] {Threei}  what the deuce

[11:24] {Threei}  market is climbing, I can't find any play to follow it

[11:25] {Threei}  Prez on TV btw

[11:25] {dino} same

[11:28] {dino} psys rinsed too, rinse day

[11:30] {dino} 874.96

[11:31] {nemo} right at resistance

[11:31] {magoo} huge offer rimm vad 01

[11:32] {Threei}  so.. long on break?

[11:32] {magoo} yea

[11:32] {magoo} if eats it

[11:33] {magoo} unless its  the ole dupe and poop

[11:33] {Threei}  anyone sees anything on BCON and URRE?

[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {chinggis} any read on QLGC 3i?

[11:39] {Threei}  looks breaky

[11:39] {chinggis} ty

[11:39] {Threei}  if market resumes climb, should break

[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess

[11:43] {chinggis} in.68 out .74 qlgc

[11:43] {chinggis} ty

[11:43] {dino} psys s .84

[11:44] {dino} life stopped b/e

[11:44] {dino} spiked

[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL

[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no

[12:10] {dptl} cat short .60?

[12:11] {Threei}  looks right

[12:11] {Threei}  will require markethelp of course but the chart is right

[12:12] {Threei}  may want to think of aggressive entry

[12:12] {dptl} ok ty

[12:12] {Threei}  like .67 if stays under .75

[12:20] {magoo} u like GS short lord vader?

[12:21] {Threei}  I rarely like GS short...

[12:21] {Threei}  GS always goes up

[12:22] {Threei}  on serious note, I don't know mags

[12:22] {Threei}  I am obviously not in tune with market today so far,

[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes

[12:23] {Threei}  then again, there's not much to be in tune with today

[12:25] {magoo} NVAX takes 3

[12:33] {dino} pnra maybe double bottom in making

[12:33] {magoo} u got the ball dino..u make the call

[12:33] {Threei}  really... someone should

06[12:33] * Threei hides under the nearest rock

06[12:34] * magoo slaps magoo around a bit with a large trout

[12:35] {dptl} wfc ?

[12:36] {Threei}  still downtrending...

[12:37] {magoo} sh dndnm 

[12:37] {dptl} ye was thinking .90 break

[12:37] {Threei}  and does so against FAS

[12:37] {magoo} loss 24 

[12:37] {magoo} to fast

[12:37] {magoo} sheesh

[12:39] {magoo} sh GS here RISKY

[12:42] {magoo} DNDN 35:1 lol

[12:42] {magoo} 1 cent stop

[12:42] {nemo} DH

[12:43] {magoo} out .70

[12:45] {Threei}  I got tired of sitting... short CAT

[12:46] {Threei}  stop .81

[12:47] {dptl} in .72

[12:47] {nemo} in what?

[12:47] {Threei}  lol nemo

[12:47] {Threei}  lift your esy by two lines

[12:47] {Threei}  eyes

[12:48] {nemo} no dptl?

[12:48] {nemo} he went short cat there?

[12:48] {dptl} yes

[12:48] {nemo} o.k.

[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?

[12:49] {jfjf64} lets go

[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn

[12:49] {dptl} that would be nice 

[12:49] {magoo} look out johnny...EYEEEEEEEEe

[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?

[12:50] {Threei}  with magoo around that's a big no no

[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium

[12:52] {magoo} out GS loss dime

[12:52] {dptl} wfc .80 short?

[12:53] {Threei}  hard to tell...

[12:53] {Threei}  lost quite a bit already from the high

[12:54] {dino} sm pnra .95 l

[12:54] {magoo} out cat

[12:54] {magoo} loss 05

[12:55] {jfjf64} me too

[12:55] {jfjf64} loss06

[12:58] {Threei}  sigh

[12:58] {dptl} stopped

[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb

[13:00] {Threei}  considering size of stops, rather toes than lims

[13:08] {chinggis} cake?

[13:08] {Threei}  no thanks

[13:09] {Threei}  ok... a bit too extended here

[13:09] {Threei}  oullback, maybe

[13:09] {Threei}  break - no

[13:09] {chinggis} ok ty

[13:13] {nemo} wfc vad

[13:16] {vinod} I see lots of smily face!!!!!!

[13:17] {nemo} where?

[13:17] {Threei}  where?

[13:17] {vinod} here?

[13:17] {Threei}  I hear a lot of snorring

[13:17] {nemo} damn wfc

[13:17] {pita} counting lost toes.....

[13:17] {vinod} just to make you guy laugh

[13:18] {nemo} don't quit your day job vinod

[13:18] {Threei}  all three of them?

[13:18] {Threei}  toes I mean

[13:18] {vinod} I can do limited here plus can't use software you guy using

[13:18] {nemo} what?

[13:19] {Threei}  what what?

[13:19] {nemo} oh, pita???

[13:19] {pita} yeahh

[13:19] {pita} three toed sloth I guess

[13:20] {Threei}  BAC

[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT

[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE

[13:23] {Threei}  - Does not believe any systemically important banks will fail

[13:23] {Threei}  wow

[13:24] {dino}  875.97

[13:24] {Threei}  that's as good excuse for the market to go up as any

[13:28] {jfjf64} ms

[13:28] {magoo} MS animal

[13:30] {vinod} now everyone on side line are going in?

[13:31] {Threei}  yes but we are approaching Fed time

[13:35] {pita} adios amigos

[13:35] {magoo} adios muchachos

[13:35] {Threei}  take care pita

[13:37] {dino} cya pita

[13:49] {vinod}  market is primed for a big move…up or down

[13:49] {magoo} UP

[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[

[13:50] {magoo} or down lol

[13:50] {vinod} why you wants short to be killed

[13:51] {vinod} they are half dead

[13:51] {dptl} have a good evening all

[13:51] {larisa} bye dp

06[13:52] * magoo slaps dptl around a bit with a large trout

[13:52] {Threei}  take care dp

[13:53] {vinod} money from helicopters coming

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

06[13:55] * magoo slaps laserdave around a bit with a large trout

[13:56] {laserdave} somehow i new that was coming

[13:59] {magoo} huh?

06[13:59] * magoo slaps dino around a bit with a large trout

06[13:59] * magoo slaps Threei around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps larisa around a bit with a large trout

06[13:59] * magoo slaps nemo around a bit with a large trout

06[13:59] * magoo slaps patience around a bit with a large trout

06[13:59] * Raven slaps magoo around a bit with a large trout

[13:59] {Raven} clam down !

[13:59] {magoo} HEY..what  i do?

[13:59] {Threei}  dino... you hid his Prozac or what?

[14:07] {dino} he's a pain in the azz

[14:07] {ese} whoa that looks like a heck of beating larisa......

[14:07] {ese} hows everyone......got called away on some business

[14:07] {larisa} looks like I am his favorite :)

[14:08] {ese} i'll say

[14:08] {larisa} or finger got stuck

[14:08] {dino} light day for me lots of rinses

[14:08] {ese} ya...i only gave drys a try earlier dino

[14:08] {ese} basically got rinsed

[14:09] {Threei}  he just head a seizure larisa... :)

[14:09] {larisa} or that :)

[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...

[14:10] {ese} s/p bouncing off support

[14:12] {magoo} plus booze

[14:13] {ese} in for a bit....gone for the day....catch you all tomorow

[14:13] {Threei}  2 min

[14:13] {magoo} okdow up 188 before fed

[14:13] {magoo} naz up 44

[14:14] {magoo} strtategy vad?

[14:15] {nemo} shhhhhhh....don't wake him up mags

[14:15] {Threei}  shrug

[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;

[14:16] {magoo} unchanged

[14:16] {Threei}  as if anyone doubted that

[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH

[14:21] {nemo} TBT exploding

[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING

[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged

[14:22] {Threei}  - Vote was 10-0

[14:22] {Threei}  - Sees some risk for inflation to be below desired levels

[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs

[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March

[14:23] {nemo} TBT up 1.50 in 5 minutes

[14:23] {nemo} non DNDN...

[14:24] {dino} tbt not believing inflation risk low

[14:24] {nemo} me neither

[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either

[14:26] {magoo} see my dn up dn up call true

[14:26] {Threei}  TBT probably reacted to this line

[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged

[14:27] {nemo} leaving the liquidity in the market

[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks

[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts

[14:28] {Threei}  BAC

[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS

[14:30] {nemo} that's a riot.  GLD craters

[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?

[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think

[14:33] {nemo} fas to new highs

[14:33] {nemo} 400 point day coming on the dow?

[14:34] {Threei}  lwet's see if we get pullback to try

[14:34] {Threei}  FAS around .30

[14:34] {Threei}  WFC .10

[14:36] {magoo} dndn crushed in this big up move

[14:37] {vinod} how good is volume?

[14:38] {nemo} lousy as of 20 minutes ago

[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P

[14:39] {nemo} wfc

[14:39] {nemo} shit was sitting at .11

[14:40] {nemo} miners are up big

[14:41] {dino} pnra stop to .60

[14:42] {dino} to .69

[14:42] {dino} out +.74

[14:44] {nemo} dino....lucky again....:)

[14:46] {dino} y

[14:49] {Threei}  +400 day got canceled or what?

[14:49] {nemo} ask larisa

[14:49] {dino} cern

[14:50] {larisa} +200 is not good enough for you ? :)

[14:50] {Threei}  not if we haven't gotten a way to exploit it

[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 

[14:52] {nemo} cute...that's what we say in general

[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW

[14:53] {Threei}  what did he want to hear?

[14:53] {nemo} that guy pisses me off

[14:55] {dino} talks his book

[14:55] {nemo} yes, I understand.  Too close to a politician for me

[14:55] {Threei}  in WFC .81

[14:55] {dino} 60 pt drop

[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY

[14:59] {Threei}  out .87

[14:59] {jfjf64} out.85

[14:59] {Threei}  as dawg would say, chrissake trade

[14:59] {jfjf64} gm on vad

[15:00] {Threei}  this is frikin first win today for me, lol

[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}

[15:01] {jfjf64} only 3  pm

[15:01] {Threei}  no fish for you

[15:01] {nemo} try a sledge

[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac

[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you

[15:02] {Threei}  problem is, he enjoys it too much

[15:02] {magoo} man..what i gotta say to get slapped?

[15:03] {magoo} u suk iss BAD

[15:03] {Threei}  see?

[15:07] {dino} sm s tbt .20

[15:08] {Threei}  MGM HALTED

[15:08] {larisa} AMZN does not look happy

[15:09] {Threei}  LVS can be the way to play MGM news when it appears

[15:12] {Threei}  Fiat

[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT

[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!

[15:23] {Threei}  WFC getting tempting again

[15:24] {dino} gj larisa

[15:24] {Threei}  wtg

[15:25] {larisa} lol

[15:25] {dino} pnra app. lod

[15:26] {Threei}  larisa... even +200 becomes [roblematic

[15:27] {dino} 100 pt drop

[15:27] {Threei}  is that how you deminstrate the power of market goddess?

[15:27] {Threei}  okay.... bounce time

[15:27] {larisa} +200 she will give us

[15:27] {Threei}  in WFC

[15:28] {Threei}  half out .52

[15:28] {Threei}  +.10

[15:28] {Threei}  wanted FAS too but that one got away

[15:31] {Threei}  second half didn't work

[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL

[15:32] {Threei}  {XLF}

[15:34] {jfjf64} ??

[15:35] {magoo} dndn

[15:39] {Threei}  that last WFC dive was wotrth holding eh

[15:39] {dino} tbt bstop to .01

[15:39] {nemo} 3rd eye a bit fogged

[15:43] {dino} cov tbt .90, +.30

[15:45] {Threei}  why did I wake up today?

[15:45] {nemo} duh?  It's more like why did you trade today...

[15:45] {dino} rimm, intc, txn not really participating

[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in

[15:46] {dino} took me until afternoon vad

[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks

[15:47] {Threei}  and magoo's stinkin' fish

[15:47] {nemo} That wasn't caustic

[15:47] {dino} least you don't have to look at him

[15:47] {Threei}  lol... you win dino

[15:48] {dino} blow off top?

[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM

[15:54] {Threei}  okay guys

[15:55] {Threei}  waste of the day

[15:55] {Threei}  we will get them tomorrow

[15:55] {Threei}  unless they get us

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

[15:55] {nemo} paranoid?

[15:55] {dino} pnra lod

[16:00] {vint} good evening all (have been in and out last couple of days..)

[16:01] {dino} take care all, tee time in 30

Not much excitement but fairly solid day. Short on CAT and a few longs on usual suspects plus BIIB made the day worth waking up for.

Session Time: Tue Apr 28 00:00:00 2009

[06:49] {nemo} anybody home

[06:58] {KSystems} boo

[07:34] {nemo} Gruess dich Herrn K

[07:55] {Threei}  04/28/09 00:01am

[07:55] {Threei}  [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[07:55] {Threei}  - Citing people familiar with the situation.

[07:55] {Threei}  - The capital shortfall amounts to billions of dollars at Bank of America, people familiar with the bank said.

[07:55] {Threei}  - Executives at both banks are objecting to the preliminary findings, which emerged from the government's scrutiny of 19 large financial institutions. The two banks are planning to respond with detailed rebuttals, these people said, with Bank of America's appeal expected by today.

[07:56] {Threei}  - The findings suggest that gov't officials are using the stress tests to send a tough message to struggling banks. It is unlikely that these two are the only banks the Federal Reserve has determined might need more capital.

[07:56] {Threei}  - Gov't officials say their meetings about the stress tests with bank executives over the last few days conveyed preliminary results and that discussions were expected to continue this week about specific findings. They also say that banks directed to raise more capital shouldn't be viewed as insolvent.

[07:56] {Threei}  - Instead, the capital is intended to cushion the banks against potential future losses under dire economic conditions. Federal officials say they won''t allow any of the top 19 banks to fail.

[07:56] {Threei}  - While the Fed initially planned to release the results of the stress tests on May 4, the gov't says the results will be released sometime that week.

[07:56] {Threei}  - Banks that are deemed to need more capital will have six months to find it, either from private investors, other financial institutions or the U.S. gov't

[08:02] {Threei}  RMBS

[08:02] {Threei}  U.S. DISTRICT COURT ISSUES DECISION REGARDING SAMSUNG CONTRACT CLAIMS IN RAMBUS CASE

[08:20] {cosmo} DNDN not done...

[08:21] {vinod} good morning to all and be back at 10.00

[08:21] {Threei}  cosmo, vinod :)

[08:22] {cosmo} daily C&H btw

[08:22] {cosmo} breaking

[08:27] {pita} greetings all

[08:28] {nemo} gm :)

[08:28] {Threei}  pita, nemo :)

[08:31] {Threei}  BRCD EXTEND OEM RELATIONSHIP TO ENTERPRISE IP NETWORKING WITH IBM

[08:31] {pita} what'd I miss - BAC, WFC FAS all down today?

[08:31] {Threei}  [07:55] {Threei} [C] Citigroup Inc Federal regulators advise Citi and BoA to raise more capital based on early "stress test" results - WSJ

[08:32] {nemo} swine flu and stress test announcement

[08:32] {Threei}  and whole bunch of lines after that, all meaningless

[08:32] {pita} wow

[08:38] {fernp} Hello everybody

[08:39] {Threei}  fern :)

[08:42] {dptl} good morning all

[08:42] {Threei}  dp :)

[08:42] {larisa} morning :)

[08:43] {Threei}  larisa :)

[08:50] {Threei}  (US) SENATOR SHELBY: NOT AWARE OF ANY RESULTS FROM RECENT STRESS TESTS; BELIEVES MANY BANKS ARE INADEQUATELY CAPITALIZED

[08:51] {cosmo} they need treadmills

[08:51] {Threei}  who cares whart he believes?

[09:02] {Threei}  BCRX looks to be the strongest of swine flu plays

[09:06] {jfjf64} mornin

[09:06] {Threei}  jf :)

[09:08] {dino} gm all

[09:08] {Threei}  dino :)

[09:09] {nemo} any word from mags?

[09:09] {ese} morning

[09:09] {Threei}  ese :)

[09:09] {Threei}  C

[09:09] {Threei}  REPORTEDLY US REGULATORS ARE IN DISCUSSIONS WITH BANK REGARDING CAPITAL POSITION FOLLOWING STRESS TEST - UNCONFIRMED SOURCE

[09:10] {Threei}  PIMCO'S BILL GROSS: WE ARE NOT BUYING USTS AT THE MOMENT

[09:11] {Threei}  (whispering) see if they sell on that line, and buy all you can

[09:15] {Threei}  (US) CONGRESSMAN B FRANK (D): BANKS REPAYING TARP FUNDS TO BOOST PUBLIC CONFIDENCEE

[09:16] {dino} he should be in es

[09:16] {dino} nemo i mean

[09:17] {cosmo} prxl

[09:18] {dino} turnaround tueday?

[09:18] {dino} tuesday

[09:19] {nemo} tumble down tuesday?

[09:19] {Threei}  both, IMO

[09:19] {pita} which first?

[09:19] {Threei}  the sequence is a question

[09:19] {nemo} yeah...elevator down at first...come back...then eod?

[09:19] {Threei}  yes

[09:20] {nemo} faz looks like it's going to run a little

[09:21] {Threei}  does FAS look like dropping to you?

[09:21] {nemo} double top volume spike at 9:11, yes

[09:21] {nemo} wouldn't be the first time I'm wrong today though

[09:22] {Threei}  wow... day just started

[09:22] {Threei}  man of early achievements?:)

[09:22] {nemo} 41/2 hours old for me

[09:23] {nemo} A widely watched housing index shows home prices dropped in February, but for the first time in 16 months the decline was not a record.

[09:23] {nemo} The Standard & Poor's/Case-Shiller index of home prices in 20 major cities released Tuesday dropped by 18.6 percent from February 2008, slightly better than the 19 percent in January. The 10-city index slid 18.8 percent, compared to 19.4 percent the month before.

[09:23] {nemo} But the good news was mixed. All 20 cities in the report showed monthly and annual price declines, and half recorded annual records. Prices fell by more than 10 percent in 15 cities.

[09:23] {nemo} Prices in the 20-city index have plunged 30.7 percent from their peak in the summer of 2006, and the 10-city index has lost more than 31.6 percent.

[09:25] {Threei}  (US) REP FRANK (D): LEAKED STRESS TEST RESULTS ARE NOT HELPFUL FOR THE MARKET

[09:25] {Threei}  - Results of tests should be released in sync with defined remedies.

[09:25] {Threei}  - Reiterates that banks repaying TARP funds can only boost public confidence.

[09:25] {Threei}  - Hopes that all banks could be free of gov funds in one year time.

[09:25] {Threei}  - States that it is possible for up to 10% of overall TARP allowances to be paid back by end of 2009.

[09:26] {chinggis} gm

[09:26] {Threei}  chinggis :)

[09:28] {Threei}  DNDN presents data around 2 today

[09:30] {Threei}  watching BAC for fast selling under 8 to find long entrey

[09:30] {Threei}  8.10 break is possible for entry if holding 8, just more risky

[09:31] {Threei}  I would prefer selloff

[09:32] {nemo} in

[09:32] {dptl} in .10

[09:32] {ese} PRXL

[09:33] {Threei}  who went for break, 1:1 is here

[09:33] {nemo} out scalp

[09:33] {dptl} half out

[09:34] {Threei}  1:2 almost dp

[09:34] {Threei}  pigs get swine flu

[09:34] {nemo} hehehe...nice take

[09:34] {jfjf64} out .26   ty

[09:34] {Threei}  :)

[09:34] {magoo} ;ljdlsjd.jfjkdjfb

[09:34] {Threei}  oyklmsbskeouiy?

[09:35] {jfjf64} time to mk the  donuts    

[09:35] {magoo} jweoueej !!!

[09:35] {Threei}  :))

[09:36] {Threei}  let's try to catch FAS entry

[09:36] {dptl} ah..all out  so skalp after all ...ty

[09:36] {Threei}  pullback into .30-.35 zone

[09:36] {dptl} scalp

[09:36] {Threei}  stop under .25

[09:36] {magoo} which vad?no replay

[09:36] {Threei}  first strength from here

[09:37] {Threei}  .28 in

[09:37] {magoo} in 285

[09:37] {dptl} scrude up a bit .32

[09:37] {ese} drug companies 

[09:37] {Threei}  half out

[09:38] {dptl} out .40 ty

[09:38] {Threei}  CVM

[09:38] {Threei}  L.E.A.P.S. TECHNOLOGY SHOWS POTENTIAL TO TREAT SWINE INFLUENZA IN PRECLINICAL STUDIES

[09:38] {jfjf64} out  .37  ty

[09:38] {ese} bstop PRXL .06 

[09:40] {magoo} out .38 TY

[09:40] {nemo} ankle in a cast mags?

[09:40] {magoo} walking boot

[09:40] {Threei}  CVM trying

[09:40] {nemo} hairline?

[09:40] {magoo} ty for asking

[09:41] {dino} looks like vads' steel toed, spiked boot

[09:41] {magoo} oh no..dodged bullet, tib is completelely broke and apart

[09:41] {magoo} but it stayed close enough to avoid surgery

[09:41] {nemo} wow!!! lucky ain't the word for it

[09:41] {Threei}  no kidding

[09:41] {dino} cruise lines going green

[09:42] {Threei}  good to hear it's not the worst case scenario mags

[09:42] {nemo} uauau

[09:42] {nemo} uaua

[09:42] {magoo} especially because yours truly dumbass was walking on it for 7 days

[09:42] {magoo} could have displaced it

[09:42] {nemo} yeah, that could have really screwed things up

[09:42] {nemo} re-breaks are no fun

[09:44] {Threei}  BCRX

[09:44] {Threei}  STANDPOINT RESEARCH MAKING POSITIVE COMMENTS

[09:44] {dino} amed beats and drops

[09:44] {ese} prxl invalidated for me

[09:45] {magoo} was BIDU exciting after bell yesterday vad?

[09:45] {Threei}  no idea

[09:45] {nemo} beat earnings

[09:45] {nemo} and revenue

[09:45] {magoo} 20 points?

[09:45] {ese} missed vrtx.....had it on my screen,,,rats

[09:45] {Threei}  BAC

[09:45] {pita} pullback entry on banks, FAS?

[09:45] {Threei}  closer to 8.20 BAC

[09:46] {Threei}  watch for dive under .25 and buy first strength

[09:46] {jfjf64} stop

[09:46] {ese} am watching fas as well pita

[09:46] {Threei}  FMCN

[09:46] {pita} ty

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[09:48] {Threei}  GOLDMAN SACHS INITIATES IPXL WITH NEUTRAL (TIMING UNCERTAIN)

[09:48] {magoo} l bac .26

[09:48] {dptl} inh .28

[09:49] {Threei}  US TREASURY HAS REPORTEDLY REACHED AN AGREEMNET WITH CREDITORS FOR CHRYSLER

[09:50] {dptl} stopped-.09

[09:50] {Threei}  why jump the gun...

[09:51] {nemo} youth and testosterone

[09:51] {Threei}  plan was to let it drop under .25

[09:51] {dptl} it did

[09:51] {Threei}  got .19 here

[09:51] {wulff} .23

[09:51] {Threei}  half out

[09:52] {Threei}  stop under .15... won't rail for now

[09:55] {Threei} Long Setup:  BIIB  ,80 break half lot

[09:56] {Threei}  stop under .60

[09:56] {dptl} in

[09:56] {nemo} in

[09:56] {Threei}  US CONGRESSMAN FRANK REPORTEDLY PLANS TO INTRODUCE REPEAL OF INTERNET GAMBLING LAW NEXT WEEK

[09:56] {magoo} ni

[09:56] {nemo} partial fill

[09:56] {Threei}  what was there

[09:56] {Threei}  CRYP I think

[09:56] {Threei}  something else

[09:57] {Threei}  this is in line with prior comments; Frank most recently said in March that he planned to introduce the legislation in an April timeframe{CRYP GIGM OPMR 888.UK PRTY.UK SBT.UK }

[09:57] {Threei}  GIGM

[09:59] {Threei}  BIIB 1:1

[09:59] {dptl} out some47

[10:00] {ese} l 

[10:00] {Threei}  *APR RICHMOND FED MANUFACTURING INDEX: -9 V -17E

[10:00] {magoo} out BIIB .11 TY vad

[10:00] {magoo} FL

[10:00] {magoo} he he

[10:00] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E

[10:00] {nemo} out ty

[10:00] {Threei}  welcome sir

[10:00] {Threei}  sirs

[10:00] {dptl} allout .15 ty

[10:00] {nemo} I looke over my shoulder, nobody there

[10:00] {ese} L FITB .58

[10:00] {Threei}  out BAC

[10:01] {nemo} Hey ese!

[10:01] {magoo} out BAC flat..my entry stunk

[10:02] {Threei}  argh

[10:03] {jfjf64} grrr

[10:03] {dptl} yeah...i scrude up with bac today a bit :)

[10:03] {Threei}  APR CONSUMER CONFIDENCE: 39.2 V 29.7E; HIGHEST READING SINCE NOV

[10:03] {Threei}  - Prior revised from 26.0 to 26.9

[10:03] {Threei}  - Confidence in tech annd consumer electronics sectors climbing "significantly"

[10:04] {ese} hey nemo!

[10:05] {Threei}  C

[10:05] {Threei}  CANNOT COMMENT ON STRESS TEST UNTIL RESULTS ARE ANNOUNCED

[10:05] {ese} out FITB .65 +.07

[10:05] {nemo} 20000 of the little buggers?

[10:05] {Threei}  rumor mill major till this stress bs is over

[10:05] {ese} you don't wanna know......it's a great day

[10:06] {ese} actually not quite.....15000

[10:06] {dino} wow!

[10:07] {nemo} slippin ese?

[10:07] {ese} be nice if you could do this all the time.....but alas poor eurick.....no

[10:08] {Threei}  GE

[10:08] {Threei}  UPDATE: PRICE TARGET RAISED TO $20 FROM $18 AT BOFA/MERRILL LYNCH, MAINTAINS NEUTRAL RATING

[10:08] {nemo} yeah, I didn't know him well

[10:08] {ese} me neither

[10:08] {nemo} why would I want to talk to a skull

[10:09] {Threei}  US REP FRANK(D): COMMITTEE WILL CONDUCT A HEARING ON AN OPTIONAL FEDERAL INSURANCE CHARTER

[10:09] {Threei}  {MET HIG PRU GNW }

[10:09] {ese} volume is slowing down on Fitb gents........not as easy to do what i was doing a few weeks back.......as vad says....watch out for the character of a stock

[10:09] {ese} this one is changing

[10:09] {nemo} short...

[10:09] {jfjf64} wfc    anythin  there bg guy

[10:10] {nemo} everything looks like it's pausing or topping right now

[10:10] {Threei}  WQFC formed C&H

[10:10] {Threei}  hate buying breaks on it

[10:10] {Threei}  but if market spikes... could be

[10:10] {ese} that 15k didn't get filled like it did before or sold like it did before.....sure sign something is changing

[10:11] {nemo} dribs and drabs?

[10:11] {dino} rcl to .55

[10:11] {jfjf64} k

[10:11] {ese} i guess so nemo.....

[10:11] {Threei}  RIMM

[10:11] {Threei}  this p;ullback looks buyable

[10:11] {Threei}  .55 long

[10:11] {Threei}  stop under .45

[10:12] {magoo} in

[10:12] {ese} good scalp for todqay though

[10:13] {Threei}  no go RIMM

[10:13] {magoo} yup\

[10:18] {wulff} where is that rising tide?

[10:18] {ese} L fitb .68

[10:18] {nemo} rip tide dude

[10:18] {wulff} optimist

[10:19] {nemo} who?

[10:19] {ese} out fitb .74

[10:19] {nemo} how many?

[10:19] {ese} +.06

[10:20] {ese} 5 lots

[10:20] {wulff} nads of steel

[10:20] {nemo} conservative...makes sense

[10:20] {ese} ya ...me thinks so

[10:21] {pita} wtg ese

[10:21] {dino} rcl to .65

[10:21] {ese} tks....bs luck on .74 though

[10:21] {ese} had the sell in early and it hit the high of that run

[10:22] {nemo} sometimes it's better to be lucky than good

[10:22] {magoo} every time

[10:22] {pita} high tick ...nice

[10:23] {dino} rcl to .80

[10:24] {dino} stopped out rcl .80, +.65

[10:26] {magoo} .

[10:26] {Threei}  anyone went for WFC break?

[10:27] {pita} nice dino

[10:27] {jfjf64} n

[10:27] {magoo} no

[10:28] {dino} ty pita

[10:28] {magoo} how'd BIDU do on report vad?

[10:28] {nemo} great mags

[10:28] {Threei}  didn't watch it

[10:28] {dino} watching txn, ssw, hsii, rcii

[10:28] {Threei}  let's see if we get nice pullback on WFC

[10:29] {pita} where you thinkin Vad?

[10:30] {Threei}  19.80 I would be very interested

[10:30] {Threei}  doesn't look likely

[10:30] {nemo} has a gap to close from yesterday, and I don't think their name has been leaked

[10:31] {magoo} DNDN vad

[10:31] {Threei}  shrug

[10:33] {ese} dino i almost went 1/2 lot at .20 rcii....at the botom there....didn't have the nerve

[10:33] {ese} are you in

[10:33] {Threei}  wtch FAS,

[10:33] {Threei}  buy WFC on FAS uptick

[10:34] {magoo} in .91

[10:34] {magoo} WFC

[10:36] {nemo} quote server Vad?

[10:36] {dino} not yet es

[10:36] {Threei}  11

[10:36] {Threei}  half out WFC

[10:36] {dino} feels like double bottom coming

[10:36] {Threei}  now need FAS new high for another WFC spike

[10:37] {ese} lokks like it.....question dino......if you had been onto rcii....would that bottom have been something you'd consider

[10:37] {dino} waiting at .00

[10:37] {Threei}  lol DNDN

[10:38] {ese} do ytou tend to to wait for .00 .50's etc on a tank like this

[10:39] {dino} yes

[10:39] {ese} gottcha

[10:40] {dino} they .25, .50.75.00 are like magnets imo

[10:40] {dino} ok giddy-up

[10:40] {ese} my prediction...if the qqqq's can get above 34.00...gonna be a big rally

[10:40] {Threei}  feel free to take WFC profit as you see fit

[10:41] {Threei}  I am out .08

[10:41] {dino} mr t's prediction...."pain"

[10:42] {ese} short squeeeeeeza

[10:43] {nemo} fitb ese

[10:43] {ese} yup lookin at it again

[10:44] {ese} don't know if i'm gonna have time to play it...tues and thurs i teach a class early

[10:44] {dino} 868-871 been big resistance s/p

[10:44] {ese} might not have time to monitor

[10:45] {ese} hmmm my chart is showing 875 resistance

[10:46] {pita} ?

[10:46] {ese} s/p pita

[10:46] {pita} ah ty

[10:47] {Threei}  mags?

[10:47] {ese} lots of stock bumping up against highs...waiting for indexes

[10:48] {dino} yes es, but 871 monthly high

[10:48] {ese} ahhhhh ok am looking at daily

[10:48] {dino} opps you're rtight 875 on 4/17

[10:49] {dino} good girl rcii

[10:50] {magoo} was waiting .23 vad

[10:50] {magoo} still in :(

[10:50] {Threei}  oversitting them... it's not a straight up day

[10:51] {magoo} yea..if mkt ever returns to powerup mode i gonna majke dough

[10:59] {Threei}  DNDN

[10:59] {Threei}  HEARING COWEN MAKING POSITIVE COMMENTS ON PROVENGE AHEAD OF DATA (TIMING UNCERTAIN)

[10:59] {Threei}  - Sees Data to show in excess of 4 months added survival.

[10:59] {Threei}  - note: earlier today CNBC guest David Miller commented that any data showing added survival of four or more months would be a "home run."{GSK}

[11:00] {dino} ssw double bottom?

[11:01] {dino} sm l .70

[11:01] {Threei}  can't tell really... I like them to be closer to each other

[11:01] {Threei}  but your entry is so close to support, why not

[11:03] {Threei}  CDC NOTES 64 CONFIRMED CASES OF SWINE FLU IN THE US

[11:03] {Threei}  - up from 40 at the last report

[11:03] {nemo} anybody die?

[11:04] {dino} es, you still in rcii?

[11:04] {Threei}  nobody in Mexico believes virus originated there

[11:05] {Threei}  they say American tourists breought it

[11:05] {Threei}  FBR CAPITAL MARKETS SPECULATING BAC WILL NEED CAPITAL UNDER THEIR OWN STRESS TESTS; REITERATES UNDERPERFORM RATING (TIMING UNCERTAIN)

[11:05] {dino} terrorists, started when yobama was there

[11:05] {dino} rcii ton .45

[11:05] {dino} to

[11:06] {dino} ssw stop is .48 

[11:06] {dino} amed, hmmmm

[11:06] {nemo} what size lot on rcii Dino?

[11:06] {dino} 400

[11:06] {dino} es is the big guy

[11:07] {dino} to .55

[11:08] {dino} mkt drop tighten to .59

[11:08] {dino} crazy thought amed has gap around 28.80

[11:09] {Threei}  .short cat .15

[11:09] {dino} to .75 rcii

[11:09] {Threei} Short Setup: CAT  .15

[11:09] {dptl} stop?

[11:10] {dino} to .85

[11:10] {nemo} .30?

[11:10] {Threei}  so far .25, but if sets up from here, could be even above .20

[11:10] {Threei}  a bit too tight probably

[11:10] {dino} out .95, +.95

[11:10] {dino} rcii

[11:10] {nemo} wtg dino

[11:11] {dino} ty, lucky one

[11:11] {nemo} what was your original stop?

[11:11] {dino} .32

[11:12] {dino} -.32=.68

[11:12] {nemo} Didn't you buy in @17.00

[11:12] {dino} most sm i go .32 on nemo

[11:12] {dino} 17 yes, - .32 = .68

[11:12] {nemo} got it DENSA

[11:13] {dino} on capits entries tough, .32=/- seems to work 65%+

[11:13] {dino} otherwise rinse city

[11:14] {dptl} in cat

[11:14] {dino} goal is 1:2, altho once over 1:1 tighten stop to 1:1

[11:14] {nemo} didn't get entry

[11:15] {jfjf64} in.15

[11:16] {nemo} wow, and I tried .14

[11:16] {dptl} .15

[11:18] {dino} ssw stopped -.22

[11:18] {Threei}  1:1 on CAT, noone covered?

[11:18] {fernp} missed entry

[11:19] {dptl} it was just couple trades at .05

[11:19] {dptl} i had bit for half still

[11:19] {dptl} .05

[11:20] {jfjf64} out .09  ty

[11:23] {dptl} ok half out now ty

[11:24] {Threei}  save and easy trade

[11:24] {Threei}  just as I like them

[11:24] {dptl} stop to .15

[11:25] {dino} ufcs

[11:26] {dino} thinny

[11:27] {nemo} dino, rcii turne into energizer bunny

[11:29] {dptl} above .10 now cat

[11:29] {dino} yeah, was too tight on it

[11:29] {Threei}  Prez on TV

[11:29] {dino} hsii thoughts 

[11:30] {Threei}  way too far from bottom...

[11:30] {Threei}  buying it here would practically be a breakout

[11:31] {Threei}  and breakouts are rarely working on these thinnies

[11:31] {nemo} I was going to say re short cat

[11:31] {dptl} more out .96 

[11:32] {dino} thinking 19 area

[11:32] {Threei}  DNDN

[11:32] {Threei}  PRECLINICAL DATA INDICATES TRPM8 AGONIST SHOWS ACTIVITY

[11:32] {Threei}  - Dendreon's orally bioavailable small molecule, which targets TRPM8 (a transmembrane cation channel protein), to treat benign prostatic hyperplasia (BPH). D-3263 demonstrated the ability to reduce BPH alone and in combination with finasteride, a current treatment for BPH.

[11:37] {Threei}  IVAN?

[11:37] {Threei}  what's with this dog with fleas

[11:38] {dino} onty

[11:39] {Threei}  yeah

[11:39] {Threei}  popped up on scanner

[11:39] {Threei}  no news that I see

[11:39] {nemo} .80 break on wfc?

[11:41] {Threei}  i doubt it

[11:41] {nemo} me too now

[11:44] {Threei}  WHO'S FUKUDA: ENTIRELY POSSIBLE THAT WORLD MAY SEE A "MILD PANDEMIC" FROM SWINE FLU

[11:44] {Threei}  what a meaningless statement

[11:44] {Threei}  and who's fukuda

[11:46] {Threei}  CAT baby

[11:46] {Threei}  out in full

[11:46] {Threei}  +.30

[11:47] {jfjf64} nice job     i got  out  too soon    what  chapter in  book  do i learn to stay  in  trade longer   lol

[11:48] {Threei}  it's a chapter Trading in the Coma

[11:48] {Threei}  subtitle: If you thought you had to be awake in order to trade - you were WRONG!

[11:48] {dino} think it's more of a song, "should i stay or should i go"

[11:49] {dino} whack-a-mole fslr

[11:50] {dino} cdc warns limit large gatherings

[11:50] {Threei}  good

[11:50] {Threei}  telling my wife and son to get out of the house

[11:53] {Threei}  wow, CAT had more in it

[11:56] {wulff} dead CAT bounce

[11:56] {wulff} ?

[11:56] {Threei}  another pullback and forming double bottom would be nice

[11:57] {Threei}  I doubt it will try to the low again

[11:57] {Threei}  so dive under .70, I would watch for first strength

[12:01] {Threei}  no chance for entry

[12:01] {Threei}  oh well

[12:03] {Threei}  US SENATOR ARLEN SPECTER REPORTEDLY TO SEEK REELECTION AS DEMOCRAT

[12:03] {Threei}  - Reelection could potentially bring seat # for Democrats to 60

[12:06] {dino} nothing like betraying his supporters

[12:07] {nemo} lust for power

[12:07] {dino} politics= poly=many, tics=bloodsucker

[12:08] {nemo} Niiiiiceeeee

[12:08] {nemo} of course, that's not nice to say about ticks

[12:08] {jfjf64} you hit it on the money  dino

[12:08] {dino} lol

[12:12] {wulff} thoughts on PM rally?

[12:14] {nemo} Precious Metals or afternoon canus lupus

[12:14] {nemo} canis?

[12:16] {Threei}  don't know... seems likely

[12:17] {wulff} So how is the weather up there?

[12:17] {Threei}  very nice

[12:17] {wulff} here too, deep south

[12:17] {nemo} where wolf?

[12:17] {nemo} there castle

[12:17] {wulff} ATL

[12:18] {nemo} used to live in SC

[12:18] {wulff} Lived there once

[12:18] {wulff} Beaufort

[12:19] {dino} nice

[12:20] {dino} not bad here either except for spector turning on us

[12:20] {nemo} Yep, had a friend in Beaufort...stopped sending checks...so he never calls

[12:20] {wulff} wasn't me

[12:23] {jfjf64} axp on another mission

[12:25] {Threei}  V too

[12:26] {Threei}  filibuster-proof majority for dems

[12:26] {Threei}  just what we need

[12:27] {nemo} Aye comrade...

[12:27] {dino} tax, spend, regulate

[12:31] {dino} txn l .25

[12:45] {ese} am back hows itgoin

[12:45] {dino} wmgi sm l .75

[12:48] {pita} later all

[12:49] {ese} se ya pita

[12:49] {Threei}  take care pita

[12:53] {dino} ssw lod

[12:55] {dino} lcav

[13:00] {dino} ssw sm l .15

[13:06] {ese} might not be today but that s/p is gonna break the 875 resistance

[13:09] {Threei}  feels like yes

[13:09] {Threei}  market sets up another trap for bears

[13:12] {ese} thas the feeling i''m getting too

[13:12] {nemo} look who's here

[13:12] {nemo} thought you had to teach?

[13:12] {ese} when it sells down it's not selling down hard

[13:13] {ese} yep am back.....band class 8:30 to 9:30 my time

[13:13] {ese} 11:30 to 12:30 market time

[13:14] {dino} gmcr

[13:22] {jfjf64} zzzzzzzz

[13:25] {jfjf64} any body there   

[13:25] {Threei}  DNDN sharp selling

[13:25] {jfjf64} k

[13:26] {Threei}  something leaks from presentation or what

[13:26] {dino} dndn

[13:26] {Threei}  wow!

[13:26] {ese} outta here see ya tomorrow

[13:26] {nemo} omg

[13:26] {larisa} wow

[13:26] {magoo} WOW

[13:26] {dino} -10

[13:26] {nemo} couln't short it anyway

[13:26] {jfjf64} sharp sharp

[13:26] {Threei}  why?

[13:26] {nemo} -14

[13:26] {Threei}  shortable

[13:26] {Threei}  mama

[13:26] {nemo} oh, last week you tried

[13:26] {nemo} mia

[13:27] {Threei}  SHARES FALL SHARPLY LOWER AHEAD OF DATA

[13:27] {Threei}  halt

[13:27] {dino} halt

[13:27] {Threei}  remember how I called DNDN?

[13:28] {nemo} refresh please

[13:28] {Threei}  widowmaker

[13:30] {Threei}  - Provenge data expected to be released from embargo at 2pmET

[13:30] {magoo} can u imagine if long 1k at 24?

[13:30] {Threei}  no

[13:30] {Threei}  I have vivid imagination

[13:30] {Threei}  but that's beyond my capabilities

[13:31] {Threei}  from 24 something to 8 within one minute... how about that

[13:31] {larisa} can i imagine i am short at 25 ? :) please!

[13:31] {Threei}  that would be nice

[13:32] {Threei}  I contemplated short dow to 22

[13:32] {Threei}  than just took my hand off the mouse, to be safe

[13:32] {larisa} lol

[13:32] {nemo} wfc showing a little life

[13:36] {magoo} go over to yhoo board and people are talking they are DEAD

[13:36] {vinod} DNDN buy at 3 and sell around 20 every 4 month

[13:37] {dino} lol

[13:37] {Threei}  I have no doubt mags... always same story

[13:38] {vinod} sorry i look at wrong chart?

[13:47] {dino} wmgi to .99

[13:50] {larisa} 4 mil shares dumped in 2 min. must be ese :)

[13:50] {nemo} too funny

[13:51] {Threei}  STEVE WYNN: INTERESTED IN MGM'S BELLAGIO AND OTHER CASINOS IN LAS VEGAS

[13:51] {Threei}  {WYNN LVS}

[13:51] {dino} out wngi .01, +.26

[13:52] {Threei}  US CALIFORNIA GOV DECLARES STATE OF EMERGENCY OVER SWINE FLU

[13:52] {nemo} frickin' girlie man

[13:52] {Threei}  lol

[13:54] {dino} what will this mean to ccl, rcl

[13:56] {Threei}  they don't react

[13:56] {dino} strange

[13:57] {Threei}  you'd think it's devastating turn of events

[14:00] {Threei}  dndn

[14:00] {Threei}  RELEASES DATA ON PROVENGE: SURUVIAOL 4.1 MONTHS

[14:00] {Threei}  REDUCES RISKS OF DEATH VS PLACEBO

[14:01] {Threei}  hmmm

[14:01] {Threei}  now it will open at 35?

[14:01] {Threei}  that would be ultimate killer

[14:01] {larisa} then i do not want to be short at 25 :)

[14:01] {nemo} Don't think so.  I read yesterday where 4 months had been reported

[14:02] {Threei}  kill those who were long when they panicked

[14:02] {dino} in 4 months

[14:02] {Threei}  then those who shorted and didn't cover before halt

[14:02] {Threei}  longs that bailed are crying

[14:02] {Threei}  shorts are crying

[14:03] {Threei}  only those longs who slept through whole thing are happy

[14:03] {Threei}  see... told you, trading must be done in yor sleep

[14:03] {dptl} lol

[14:03] {nemo} what was that about sitting on your hands and doing nothing?

[14:04] {Threei}  - Extends 3 year survival 38% vs placebo

[14:04] {Threei}  - PROVENGE extended median survival by 4.1 months compared to placebo (25.8 months versus 21.7 months);

[14:04] {Threei}  - PROVENGE improved 3-year survival by 38% compared to placebo (31.7% versus 23.0%);

[14:04] {Threei}  - The IMPACT study achieved a p-value of 0.032, successfully exceeding the pre-specified level of statistical significance defined by the study''s design (p-value less than 0.043), and PROVENGE reduced the risk of death by 22.5% compared to placebo (HR=0.775);

[14:05] {Threei}  - PROVENGE exhibited a favorable safety profile consistent with prior trials.

[14:05] {Threei}  - CNBC notes an official mentioned that shares likely to be halted until end of conference call which starts at 5:30pmET

[14:05] {Threei}  no opening today then

[14:05] {Threei}  too bad

[14:05] {Threei}  I wanted show to go on

[14:10] {larisa} typed another stock into DNDN L2 and forgot i did, see it blinking at 101. Heart skipped a bit for a sec :)

[14:10] {Threei}  lol

[14:11] {Threei}  oh btw

[14:12] {Threei}  DNDN has more ways to kill traders

[14:12] {Threei}  imagine someone shorting 24

[14:12] {Threei}  happily covering 10

[14:12] {Threei}  going out to buy nice signle malt

[14:13] {Threei}  returning to see that cover is broken by NASDAQ, while short stands,

[14:13] {Threei}  and stock opening after halt at 35 :)

[14:14] {larisa} can we all get along ? dis is sad 

[14:14] {Threei}  not really

[14:14] {Threei}  nature is unkind

[14:14] {nemo} utopians

[14:16] {Threei}  so... DNDN has a lot of ways to make a lot of people unhappy

[14:17] {Threei}  that;'s why I am staying away from these superhot things on a day of coming news

[14:17] {Threei}  This planet has a problem, which was this: most of the people on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn't the small green pieces of paper that were unhappy.

[14:17] {Threei}  And so the problem remained; lots of the people were mean, and most of them were miserable

[14:18] {Threei}  Many were increasingly of the opinion that they'd all made a big mistake in coming down from the trees in the first place. And some said that even the trees had been a bad move, and that no one should ever have left the oceans.

[14:18] {vinod} no guts no glory

[14:18] {nemo} Oh yeah, like that's a haven of peace and tranquility

[14:21] {nemo} rimm creeping...too late

[14:22] {Threei}  larisa, next setence is a stern warning for you:

[14:22] {Threei}  And then...one man had been nailed to a tree for saying how great it would be to be nice to people for a change

[14:24] {larisa} lol

[14:28] {Threei}  WHITE HOUSE: TOO EARLY TO JUDGE WHETHER BANKRUPTCY IS APPROPRIATE FOR CHRYSLER

[14:28] {Threei}  {GM F F.IT}

[14:29] {dino} i know lets give them another 5 billion

[14:35] {Threei}  there you go

[14:35] {Threei}  DNDN

[14:35] {Threei}  NASDAQ NOTES IT WILL INVESTIGATE TRADES BETWEEN 1.25-1.37PMET TODAY AS THERE MAY BE AN 'ERROR'

[14:35] {Threei}  told ya

[14:35] {jfjf64} hmm

[14:36] {fernp} that scares

[14:39] {nemo} frickin' stealth rally

[14:42] {magoo} worste type nemisis

[14:43] {nemo} saw RIMM just as it popped, didn't think it would go that far

[14:43] {Threei}  64 cases in USA

[14:44] {nemo} so 64 out of 300 million...we're porked

[14:44] {Threei}  (CH) CHINESE COMMERCE MIN: USD WILL REMAIN THE MAIN CURRENCY OF WORLD TRADE, DESPITE ITS "DEFICIENCIES"

[14:44] {Threei}  heh

[14:44] {nemo} somebody else said that recently

[14:45] {jfjf64} wfc   pullback??

[14:45] {nemo} I was just going to say, Cat looked shortable

[14:46] {Threei}  seems a few more ticks down before it bottoms out

[14:46] {nemo} wfc or cat

[14:46] {Threei}  WFC

[14:46] {magoo} make the call boss

[14:48] {Threei}  finger on a trigger

[14:48] {Threei}  in

[14:48] {Threei}  .77

[14:48] {dptl} stop?.75?

[14:49] {Threei}  if going for pure quick scalp, yes

[14:49] {nemo} dam missed

[14:49] {dptl} not in yet

[14:50] {magoo} yea..i missed and truly we had all day

[14:50] {magoo} nice call vad

[14:55] {nemo} no volume today

[14:55] {Threei}  no

[14:56] {Threei}  sold at .87 btw

[14:56] {nemo} the sith strike again

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {jfjf64} .84  ty

06[14:56] * nemo slaps Threei around a bit with a large /moderate roll of cash

[14:57] {Threei}  why do you slap me? slap jf

[14:57] {nemo} oh yeah

[14:57] {jfjf64} lol

[14:57] {nemo} no..you got out @.87

06[14:57] * nemo slaps Threei around a bit with a large roll of cash

[14:57] {Threei}  what is it, pick on Threei day?

[14:58] {magoo} bulls coming last hour vad??

[14:58] {nemo} Yeah, it's Tuesday...ends in y

[14:58] {Threei}  either that or swines, mags

[14:58] {jfjf64} gm on

[14:58] {nemo} good one

[14:58] {Threei}  WSJ: REORGANIZATION OF CHRYSLER MAY INVOLVE MOVING CHRYSLER FINANCIAL TO GMAC

[14:59] {nemo} inverted C&H on FAS?

[15:04] {dptl} cat ? .15 short?

[15:05] {Threei}  nah

[15:07] {nemo} laserdave is here and Mags hasn't smacked him...

06[15:07] * magoo slaps larisa around a bit with a large trout

[15:07] {larisa} you have 1 sec to take it back

[15:07] {magoo} oops..missed

[15:07] {dptl} heh...Magoo missed :)

[15:08] {nemo} let's see if the lioness bares her fangs

[15:08] {Threei}  DNDN

[15:08] {Threei}  LAZARD MAKING POSITIVE COMMENTS; MAINTAINS BUY RATING, PRICE TARGET $25 (TIMING UNCERTAIN)

[15:08] {Threei}  - Firm discloses: We believe that DNDN's Provenge will achieve regulatory & commercial success. We think Provenge can achieve }$2B in peak sales now that the survival delta is 4+ months (ie similar to previous trials). With two survival studies, solid safety, a (+) FDA panel, & a SPA, we would look to buy DNDN.

[15:09] {Threei}  NASDAQ NOTES THE TRADES FROM 1.25-1.37PMET WILL BE ALLOWED TO STAND

[15:09] {dino} ccl sm s .90

[15:09] {nemo} somebody just went drinking...others...jumped

[15:11] {dino} yeah, magoo is on the ledge

[15:11] {nemo} well, as long as he lands on his head the only thing damaged will be the street

[15:13] {Threei}  he better - his ankle won't handle another shock

[15:13] {magoo} good bye cruel trading room

[15:13] {larisa} lol

[15:13] {Threei}  rofl

[15:13] {dptl} lol

[15:14] {Threei}  as if you'd survive in any other

[15:14] {jfjf64} wfc ???

[15:15] {Threei}  gosh... dropped whole 8 cents, why scream

[15:15] {Threei}  you scared me... I need an hour of sleep now

[15:15] {Threei}  to deal with PTSD

[15:16] {jfjf64} ptsd

[15:17] {larisa} jf thinks it is a stock :)

[15:18] {dptl} lol me too...

[15:18] {Threei}  sigh

[15:18] {larisa} lol

[15:18] {dptl} what is it?

[15:18] {larisa} Posttraumatic Stress Disorder 

[15:18] {dptl} roflol

[15:19] {nemo} oh, and I was thinking it was an std

[15:19] {dptl} you got me there..lol

[15:19] {magoo} prostrate distress disorder??

[15:19] {nemo} just wear your Depends Mags...no worries

[15:19] {dino} nasty

[15:20] {nemo} what, the ccl short?

[15:20] {Threei}  FAS

[15:20] {dino} ssw stopped -.21

[15:21] {Threei}  too fast... couldn't type in time

[15:21] {Threei}  .60 is solid support, see if it goes closer to it again

[15:24] {Threei}  Prez on TV

[15:24] {Threei}  missed him?

[15:24] {nemo} now

[15:25] {Threei}  watching FAS

[15:25] {Threei}  argh

[15:25] {Threei}  missed

[15:25] {nemo} market dropping

[15:25] {Threei}  wanted .61 for a quick pop

[15:25] {Threei}  wasn't willing to chase even 1 cent

[15:26] {dptl} oh got .63

[15:26] {dptl} .59 stop

[15:28] {Threei}  works... I just was way too anal-retentive

[15:28] {Threei}  happens to me when the day is generally narrow and I want to preserve every bit of profit

[15:29] {dptl} still in

[15:29] {Threei}  why?

[15:30] {Threei}  end of day selling is just for quick scalps

[15:30] {dptl} ah stopped ...offerd ..68 didn;t get it then .67 didn' get it either

[15:32] {dptl} -.05

[15:37] {jfjf64} me again   wfc?

[15:37] {Threei}  I'd like it to retest .50

[15:38] {jfjf64} me too lol

[15:40] {dino} hate to say it but.....dieeeeeeeeeeeeeeeee ccl

[15:40] {Threei}  got it jf?

[15:41] {jfjf64} y

[15:41] {jfjf64} \.49

[15:41] {Threei}  stop .44

[15:41] {Threei}  and if moves, don't oversit it

[15:41] {Threei}  the closer to eod the more nerves

[15:42] {jfjf64} bounce

[15:43] {Threei}  nice jump for you

[15:43] {Threei}  exited?

[15:43] {jfjf64} 0ut.53

[15:43] {jfjf64} ty

[15:44] {Threei}  a bit too stingy... but hey

[15:44] {Threei}  profit is profit

[15:44] {Threei}  .56 was obtainable

[15:44] {nemo} twice is twice

[15:44] {Threei}  FAS...

[15:44] {Threei}  to go one lst time or let it live

[15:44] {Threei}  lol

[15:45] {Threei}  while I was thinking, fingers did it

[15:45] {Threei}  .42 - .46, 2K

[15:45] {Threei}  got partial

[15:45] {Threei}  barely managed to cancel the rest, not to get filled on the way back

[15:45] {nemo} partial on the sell too? :)

[15:45] {Threei}  no, sell in full

[15:49] {Threei}  hectic

[15:50] {Threei}  people are buying NVAX and BCRX for gap

[15:50] {Threei}  assuming that swine flu news bombradment will continue overnight

[15:51] {dptl} have a good evening all

[15:52] {fernp} good evening dp

[15:52] {jfjf64} enjoy

[15:52] {Threei}  take care dp

[15:54] {dino} ccl bstop to .60

[15:54] {dino} stopped/covered +.30

[15:54] {nemo} dino had a good day

[15:55] {dino} lucky 

[15:55] {nemo} you're lucky quite often

[15:56] {dino} hmmmm

[15:56] {nemo} "lucky"

[15:56] {fernp} See u tomorrow. good evening

[15:56] {dino} cya fernp

[15:56] {Threei}  thank you all

[15:56] {Threei}  not very exciting but solid day

[15:56] {larisa} later :)

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {nemo} gnite

[15:57] {jfjf64} good day ty

[15:58] {dino} take care all

[15:58] {Threei}  NVAX finishes at high

[15:59] {Threei}  CCL

[15:59] {Threei}  UPDATE: CANCELS THREE STOPS AT MEXICAN PORTS DUE TO SWINE FLU OUTBREAK

[15:59] {Threei}  - the affected ships will remain at sea instead of making port{USD/MXN}

Apr 27 2009

Somewhat empty day. Slightly positive but nothing to write home about. Whole swine flu thing took the market off track.

Session Time: Mon Apr 27 00:00:00 2009

[07:56] {nemo} Gawd...this window header stuff has taken on a life of it's own!

[08:02] {fernp} Good morning

[08:03] {nemo} :)

[08:03] {fernp} Bin Laden May Be Dead According to Pakistan's Intelligence http://www.bloomberg.com/apps/news?pid=20601087&sid=aFTKaoi4lFNg

[08:04] {nemo} They roll that headline out every year

[08:17] {pita} greetings

[08:27] {dptl} good morning all

[08:28] {nemo} gm

[08:41] {Threei}  Good morning

[08:41] {larisa} morning :)

[08:41] {dptl} good morning

[08:41] {fernp} gm

[08:42] {Threei}  latisa, dp, fern :)

[08:47] {KSystems} morning :)

[08:48] {ese} morning

[08:50] {Threei}  ks, ese :)

[08:51] {Threei}  ese look dcc please

[08:55] {jfjf64} gd mornin all

[08:55] {Threei}  jf :)

[09:04] {cosmo} NVAX trading at a feverous pace

[09:05] {Threei}  swine flu play

[09:05] {cosmo} 3.10 to 3.95 range

[09:05] {Threei}  GNBT is another

[09:06] {cosmo} BCRX

[09:07] {cosmo} PURE

[09:08] {cosmo} QDEL: # Quidel falls to 1Q loss on weak flu seasonAP(Thu, Apr 23)

[09:09] {cosmo} good time to start a tea tree farm maybe

[09:20] {i2romantis} morning all

[09:21] {cosmo} CRXL

[09:22] {Threei}  i2r :)

[09:22] {nemo} Can we trust quotes Vad?

[09:24] {magoo} morn

[09:24] {Threei}  doesn't look like it

[09:24] {Threei}  INET is stuck

[09:24] {nemo} so sit it out until resolved?

[09:24] {Threei}  look at T&S and compare to level 2

[09:24] {Threei}  usually T&S is accurate

[09:24] {Threei}  if you swicth server, you will see corrected level 2

[09:25] {dino} gm all

[09:25] {Threei}  dino :)

[09:25] {nemo} what servers to use vad?

[09:28] {Threei}  they all screwed up

[09:28] {Threei}  hmm

[09:28] {Threei}  seems better

[09:28] {nemo} Well..how's the weather?

[09:29] {Threei}  I am on 7th

[09:29] {nemo} quote or chart?

[09:29] {Threei}  no, still delayed

[09:31] {Threei}  NVAX looks determined

[09:32] {magoo} gild drops a point

[09:33] {vint} good morning all

[09:33] {Threei}  vint :)

[09:34] {nemo} fas closing the gap

[09:35] {Threei}  watching FAZ for pullback and double bottom

[09:35] {Threei}  8.55 support

[09:35] {Threei}  would like to get it as close to it as possible

[09:36] {Threei}  around .60 if shows strength

[09:36] {Threei}  if not going there, then .70 break

[09:36] {dptl} in.68

[09:37] {Threei}  stop under .60 for scalp or under .55 for bigger trade

[09:38] {dptl} half out .78

[09:40] {dptl} all out ty

[09:40] {dptl} faz

[09:42] {Threei}  let's try to find GILD entry

[09:42] {Threei}  half lot only, stock is too volatile

[09:43] {Threei}  great... jumped as I was ttypoing .10 break, lol

[09:43] {jfjf64} crazy

[09:43] {nemo} where auto correct in Laser?

[09:44] {Threei}  right click on level 2

[09:44] {Threei}  tab Level II

[09:45] {Threei}  section Auto Correction

[09:45] {nemo} ty

[09:45] {Threei}  check upper box, keep 0

[09:45] {magoo} in gild btw .40

[09:46] {Threei}  I'

[09:46] {magoo} out .71 TY vad

[09:46] {Threei}  d be taking prifit near .70

[09:46] {Threei}  good exit

[09:46] {Threei}  ENER

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER

[09:46] {magoo} FL too lol

[09:48] {Threei}  BCRX pullback is geting interesting

[09:48] {Threei}  fast seling under 4 is what I want to see

[09:49] {Threei}  FAZ again

[09:49] {Threei}  .60 break if holsding .55

[09:49] {Threei}  keep stop religiously, if it loses .55 will dive fast

[09:51] {dptl} in .61

[09:51] {nemo} in

[09:52] {Threei}  stopped

[09:52] {dptl} stopped

[09:52] {nemo} yeah the nas and spy were strengthening

[09:53] {jfjf64} stopped

[09:53] {magoo} FITB str up

[09:54] {ese} yup been watchin it....interesting

[09:54] {ese} it had pretty good numbers last week

[09:54] {magoo} financials strong

[10:02] {magoo} .

[10:04] {i2romantis} lol, my morning is done. as freaky as it can be, holding overnight or weekend can be fun :)

[10:04] {nemo} it can suck too

[10:04] {nemo} glad you got the bull and not the horn

[10:05] {i2romantis} :)

[10:05] {i2romantis} see you guys tomorrow

[10:05] {Threei}  take care i2r

[10:05] {fernp} bye

[10:05] {magoo} sigh

[10:07] {magoo} DNDN vad

[10:07] {magoo} nutsaroolla

[10:09] {Threei}  US CDC MAY REPORTEDLY BE ISSUING TRAVEL RECOMMENDATIONS REGARDING SWINE FLU LATER TODAY

[10:09] {Threei}  {NVAX BCRX GILD ROG.SZ GSK.UK}

[10:10] {Threei}  DNDN no news

[10:10] {magoo} beyond volatile

[10:11] {magoo} futes weak

[10:11] {vinod} just a test

[10:11] {vinod} working

[10:12] {vinod} good morning

[10:13] {Threei}  vinod :)

[10:13] {Threei}  WSJ: LARGE COMMERCIAL JET SEEN FLYING LOW OVER HUDSON RIVER BEING ACCOMPANIED BY MILITARY JET

[10:13] {Threei}  what's going on today

[10:14] {ese} did anyone esle get cut off or was that just me

[10:15] {nemo} I stoved your ip address

[10:15] {Threei}  there was server hiccup

[10:15] {nemo} not :)

[10:15] {ese} tks nemo.......

[10:15] {wulff} WFC long here

[10:15] {wulff} me 

[10:16] {nemo} still dating wfc huh wulff :)

[10:16] {wulff} see'um as I see'um

[10:17] {nemo} great one on Friday if I remember...scooped it right off the floor

[10:17] {wulff} yes

[10:18] {jfjf64} keep gettin knocked off server   anyone else

[10:18] {nemo} no

[10:18] {patience} me too

[10:18] {vinod} me too

[10:21] {magoo} vad..we in anything

[10:21] {Threei}  no

[10:22] {nemo} so NO ENTRY! has multiple applications

[10:22] {magoo} vad, no what?

[10:22] {pita} FITB consolidating...

[10:23] {wulff} seems to be some financial funny business today

[10:25] {ese} straight out of Vads book Pita.......

[10:25] {ese} same thing with HBAN

[10:26] {pita} aye

[10:30] {ese} aye laddie

[10:30] {dino} out blud .25, +1.00 holdover from fri

[10:30] {dino} sm l ctcm .25

06[10:30] * magoo slaps dino around a bit with a large trout

[10:30] {ese} is it an entry ye be wan'en

[10:31] {magoo} holds dont count lol

[10:31] {nemo} shouldn't that be a large roll of cash mags?

[10:31] {dino} lol

[10:31] {pita} aye it is

[10:31] {pita} is = tis

[10:31] {magoo} what..u a pirate now lol

[10:31] {nemo} irish

[10:31] {pita} bored

[10:32] {nemo} what nationality is that?

[10:32] {ese} combination scotish/ irish

[10:32] {pita} mutt

[10:32] {nemo} I'm from the pound too

[10:33] {dino} rcl beat up on swine

[10:34] {dino} ccl too

[10:34] {pita} FITB'd gonna break - more likely down?

[10:34] {nemo} what about dis?

[10:35] {magoo} new movie release...the baconator

[10:35] {dino} dis or dat?

[10:35] {ese} or dez or doz or dem

[10:36] {nemo} der die das die dem der den des

[10:36] {nemo} huh K!

[10:36] {dino} rcl gap around 11.75

[10:39] {Threei}  WFC

[10:39] {Threei}  REPORTEDLY TO RE-MARKET $2.84B IN DEBENTURES ORIGINALLY DUE 2033

[10:39] {Threei}  - Re-market not seen producing any net-profits

[10:39] {wulff} good boy WFC

[10:40] {ese} now theres one i haven't heard before...remarket debentures.....how does that work

[10:40] {Threei}  no idea

[10:41] {dino} lipstick helps

[10:42] {ese} when i took that useless Canadian Securities course we studied debentures but not that concept

[10:44] {Threei}  nice spike WFC

[10:44] {ese} right along with qqqq

[10:48] {dino} ilmn sm l .00

[10:54] {dino} out ctcm .10, +.85

[10:58] {jfjf64} keep getting kickerd off     we in anythin 

[10:58] {Threei}  no

[10:58] {jfjf64} ty

[10:59] {Threei}  F is trying Fri high

[11:00] {nemo} still awake vad

[11:01] {Threei}  pace is so strange whole morning, can't get a feel for what's happening

[11:02] {nemo} advancers are only 31% 56% for decliners

[11:02] {dino} just said same thing to magoo

[11:03] {dino} lackluster

[11:03] {nemo} I'm getting coffee, see if that helps

[11:04] {magoo} i went emergency room friday nite..yup, ankle broke

[11:04] {magoo} so i have to leave today @ 12:30 for ortho apptm

[11:04] {magoo} been walking on it for 7 days lol

[11:05] {pita} ouch

[11:05] {pita} ankle is complicated joint

[11:05] {magoo} tell me about it 

[11:06] {pita} yeah, sorry

[11:08] {nemo} didn't work

[11:11] {Threei}  RMBS

[11:12] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[11:12] {Threei}  - Samsung rumored as potential acquirer north of $15/shr

[11:19] {jfjf64} vad  recieved course mail today   ty

[11:19] {Threei}  great

[11:20] {jfjf64} ill call ya  next sat at  9am eastern   see how  ya doin    lol

[11:20] {Threei}  death wish?

[11:21] {Threei}  watching WFC for bounce scalp

[11:21] {Threei}  quick sellogg into .60 would be interesting

[11:25] {vinod} market is dead

[11:25] {Threei}  very much so

[11:26] {Threei}  and morning move was so reserved, couldn't really find any worthy plays

[11:27] {nemo} just slowly diminishing reversals

[11:29] {vinod} The market rewards patience traders

[11:29] {Threei}  watching GILD for possible .50 - .60 range, then break

[11:30] {Threei}  one more such move down then up, and I will be interested

[11:30] {Threei}  here is down

[11:30] {Threei}  if holding .50 and breaks .60, long

[11:30] {nemo} invalumadated

[11:31] {Threei}  yeah

[11:32] {vinod} well time for liquid lunch is coming

[11:32] {jfjf64} ya

[11:32] {nemo} where you going vinod?

[11:33] {vinod} at fire and ice

[11:33] {jfjf64} wfc

[11:33] {nemo} Not familiar with that place...Frankly I stay out of the city

[11:33] {vinod} on berkely street

[11:34] {nemo} o.k.

[11:34] {Threei} Long Setup:  GILD  .45 break

[11:34] {Threei}  stop under .40

[11:34] {Threei}  just a scalp most likely

[11:35] {magoo} in

[11:35] {vinod} in

[11:35] {vinod} stop at 0.38

[11:36] {Threei}  1:1, lol

[11:36] {Threei}  and over

[11:36] {vinod} move stop to 0.45

[11:36] {Threei}  WFC is getting there

[11:37] {vinod} now 0.50

[11:37] {vinod} done

[11:38] {Threei}  why not just take profit when it's almost 1:2?

[11:38] {Threei}  it was intended as a scalp from the get go

[11:38] {nemo} don't feel bad vinod...been there done that

[11:38] {vinod} hope--i had a hope it may go to more

[11:38] {Threei}  it's a hi-bye-niceknowingyou kind of play

[11:38] {nemo} hopehopehopehopehopehopehopehopehopehopehopehope

[11:39] {nemo} no hope

[11:39] {nemo} evil word

[11:39] {nemo} damn caffeine

[11:39] {Threei}  one thing I'd do differently if tried to maximize it vinod:

[11:39] {Threei}  moving stop to breakeven after 1:1 is reached makes sense,

[11:40] {vinod} thanks vad

[11:40] {magoo} i still in

[11:40] {Threei}  but next trail was a bit too overtightened

[11:40] {Threei}  if you really want to go for a run while avoiding loss, keep the stop at breakeven,

[11:40] {nemo} Why am I not surprised mags is still in

[11:40] {Threei}  don't give it chance to shake you out so easily

[11:41] {Threei}  look at it this way:

[11:41] {dptl} i did that first half .55 and than .49 gild ty

[11:41] {Threei}  if you were willing to sacrifice 10 cents profit for the chance of bigger run and at the risk of profit evaporating,

[11:41] {magoo} just thought it hasd more

[11:41] {Threei}  what sense does it make to lock in 4 cents profit by moving stop to .50?

[11:41] {Threei}  see my point?

[11:42] {Threei}  accept breakeven as worst case scenario and give it breathing room

[11:42] {jfjf64} wfc

[11:42] {Threei}  but .50 is almost guaranteed shakeout

[11:43] {vinod} o.k i got it should have at breakeven pot

[11:43] {magoo} out .66 TY

[11:43] {magoo} +.21

[11:43] {Threei}  yeah, there is a contradiction between refusing to take 10 cents for the chance of bigger run, yet tightening stop to 4 cents :)

[11:43] {Threei}  welcome mags

[11:46] {nemo} wfc wulff

[11:46] {dino} titn

[11:47] {nemo} jf

[11:47] {jfjf64} not yet

[11:47] {jfjf64} waitin for .60

[11:47] {nemo} nope

[11:48] {jfjf64} nope nope

[11:48] {dino} l .95

[11:48] {Threei}  .64-.65 was it... was a bit too fast there for confident entry

[11:48] {nemo} higher low inside the bollinger bands

[11:49] {wulff} still holding

[11:54] {Threei}  FTC CHAIR: INTERNET COMPANIES APPROACHING THEIR 'LAST CHANCE' TO SELF REGULATE

[11:54] {Threei}  huh?

[11:55] {nemo} taxes

[11:56] {Threei}  DNDN

[11:56] {Threei}  the thing is beyond risky

[11:56] {Threei}  but I swear it's preparing another stunning run

[11:56] {nemo} gild headed back to support

[11:57] {jfjf64} entry??

[11:58] {Threei}  22 break... half lot

[11:58] {Threei}  risky as hell

[11:58] {dptl} stop?

[11:59] {Threei}  if sets up from here, under .90

[11:59] {dptl} ok ty

[12:00] {magoo} ok..i gotta run, er um, hobble..to my ortho apptmt

[12:01] {Threei}  good luck mags

[12:01] {magoo} c u tomorrow

[12:01] {magoo} ty

[12:01] {nemo} good luck Mags

[12:03] {Threei}  come on DNDN... you know you want it

[12:03] {nemo} just think of how many are looking at that chart?

[12:03] {ese} ahhhhh  haaaaaa.......how dare you kick my butt..........trout ok but ....butt....well i never

[12:03] {nemo} ese!  wtf?

[12:04] {ese} the admin kicked me from the server....well i nver

[12:04] {nemo} oh

[12:05] {Threei}  sure... you used incorrect username, lol

[12:05] {jfjf64} still valid

06[12:05] * nemo slaps ese around a bit with a large copy of UNIX for dummies

[12:05] {Threei}  with half, lot... to me, yes

[12:06] {Threei}  just no market orders

[12:06] {ese} tks i needed that

[12:06] {Threei}  that will get you in at the price you would rather sell, lol

[12:07] {dptl} in .85 stop

[12:10] {Threei}  too long pause after such a break

[12:11] {dptl} stopped -.18

[12:15] {pita} gotta go guys, cu later

[12:15] {Threei}  take care pita

[12:15] {ese} see ya pita

[12:23] {nemo} that's a dramamine stock

[12:23] {Threei}  shakeout...

[12:23] {Threei}  oh well

[12:25] {Threei}  sigh

[12:27] {dptl} usb?

[12:28] {Threei}  don't see anything there

[12:29] {Threei}  FDIC'S BAIR: WE HAVE MOVED BEYOND THE LIQUIDITY CRISIS SEEN LAST YEAR

[12:30] {dptl} hmm .15 .25 wasn't that consolidation? 

[12:31] {Threei}  I don't see it giving anything worthy

[12:33] {Threei}  (MX) MEXICAN HEALTH MIN: DEATH TOLL FROM SWINE FLU IS UP TO 149 PEOPLE

[12:34] {jfjf64} wfc sellin

[12:34] {dino} titn to flat mkt drop

[12:35] {dino} forr

[12:37] {Threei}  GILD interestingly strenghtening

[12:42] {chinggis} FAZ going for 9?

[12:47] {dino} ilmn stopped -.32

[12:49] {jfjf64} nice to get losses out of way      

[12:49] {Threei}  can't tell really on FAZ

[12:49] {Threei}  things just slow

[12:50] {chinggis} ok ty

[12:53] {Threei}  (MX) WITNESSES SAY BUILDINGS SHAKE FROM POSSIBLE EARTHQUAKE IN MEXICO CITY

[12:53] {Threei}  ummm

[12:53] {Threei}  someone up there decided to eliminate Mexico altogether?

[12:56] {vinod} just my 2 cent--SRS is flying

[12:59] {dino} ctcm sm l .25

[13:01] {Threei}  TREASURY'S $40B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.72 V 2.71 PRIOR AND 2.42 AVE OVER LAST 10 AUCTIONS

[13:07] {Threei}  Mondays are often hard to findsomething tradable, but this slow - it's rare

[13:07] {nemo} May starting early

[13:07] {Threei}  I don't know if standard "slow summer" will hold this year

[13:08] {Threei}  certainly didn't last summer

[13:08] {Threei}  it was the most active I've ever seen

[13:08] {nemo} Thinking that myself

[13:08] {Threei}  august, traditionally the most dead month, was unbelievably active and readable

[13:11] {Threei}  I'd think it's a pure swine flu reaction today

[13:12] {Threei}  it kind of interrupted the normal flow of events by this rapid over the weekend develoment

[13:12] {Threei}  market was in a process of setting up the trap

[13:12] {Threei}  climb up into stress test results, drop like stone after positive resluts are announced - that was the idea, IMO

[13:13] {Threei}  suddenly this swine thingy comes along and injects whole new factor to account for

[13:13] {Threei}  travel and ailine names get killed, biotechs get lifted

[13:14] {dino} ccl sm l .01

[13:14] {Threei}  in other words, sectors that were not in focus of attention at all suddenly jumped in play

[13:14] {Threei}  syphoned money and attention

[13:18] {jfjf64} said very nicely vad

[13:18] {nemo} Vad doesn't do "nice"

[13:19] {jfjf64} im a newbie here    

[13:19] {nemo} Yeah, smart to suck-up to the boss

[13:20] {Threei}  magoo's real boss

[13:20] {nemo} that's scary

[13:20] {nemo} Yeah...let's talk about Magoo, he's not here to defend himself

[13:24] {ese} signing off.....see you all tomorow....

[13:25] {nemo} nice day ese

[13:25] {Threei}  take care ese

[13:25] {ese} see ya nemo vad

[13:25] {dino}  r4mbs

[13:26] {dino} rmbs

[13:29] {Threei}  starting to see FAS entry

[13:30] {Threei}  see = seek

[13:30] {dino} ccl stopped

[13:31] {dino} -.32

[13:33] {Threei}  want to see it pulling back off .90

[13:33] {Threei}  then either making double bottom closer to .80

[13:34] {Threei}  or holding above .85 and breaking .90

[13:34] {Threei}  IRS REPORTEDLY PREPARING TO INVESTIGATE OTHER OFFSHORE BANKS BESIDES UBS FOR HELPING CUSTOMERS EVADE TAXES

[13:34] {Threei}  held .85 so far

[13:35] {Threei}  .90 break long for scalp if holding above .85

[13:35] {dptl} in

[13:36] {Threei}  RMBS

[13:36] {Threei}  REPORTEDLY ANTI-TRUST CASE AGAINST MANUFACTURERS IS BEING ALLOWED TO GO FORWARD

[13:41] {dptl} out ty

[13:41] {Threei}  pesky scalper

[13:43] {Threei}  oh wait... I called it as a scalp

[13:43] {Threei}  {--- pesky caller

[13:43] {dptl} there :)

[13:43] {Threei}  lol

[13:43] {nemo} so, is it a scalp, or a daytrade?

[13:44] {Threei}  UN OFFICIAL: SWINE FLU DOES NOT APPEAR TO BE THREATENING FOOD CHAIN; LIMITED TO HUMANS

[13:44] {nemo} glad the animals will survive

[13:44] {larisa} lol

[13:44] {Threei}  that's good I assume... even if we all extinct, food will still be safe

[13:44] {nemo} Then we become worm or buzzard food

[13:44] {Threei}  out FAS

[13:44] {Threei}  .98

[13:44] {fernp} out here 2:1 

[13:45] {fernp} ty Vad

[13:45] {Threei}  sure

[13:45] {Threei}  chicken feed today

[13:45] {Threei}  but whatever... there is no bird flu right now

[13:49] {nemo} Any thoughts if Fas Holds here?

[13:50] {Threei}  feels to me like going lower

[13:50] {nemo} the indexes are't helping, that's for sure

[13:52] {Threei} Long Setup:  FAZ  .90

[13:52] {Threei}  stop under .85

[13:54] {nemo} scalp I assume?

[13:54] {nemo} nevermind

[13:54] {Threei}  invalidated... let's wait for now

[13:55] {Threei}  want ti to resstablish the range

[13:55] {nemo} or, creating a longer double bottom in fas?

[13:56] {Threei}  nah... FAS should break down

[13:57] {nemo} look at the volumes, or lack thereof...

[13:59] {Threei}  don't know about this setup... kind of not here nor there

[13:59] {nemo} fas or faz?

[13:59] {Threei}  lol

[13:59] {Threei}  both

[14:00] {nemo} definite maybe, huh?  although, there was another scalp in FAS

[14:00] {Threei}  after 4 tests of the bottom, no way I'd bet on that

[14:01] {nemo} no, but there seem to be cycles, and we are coming out of the lunch period and it's been downtrending since 11:00

[14:04] {nemo} Will the sage sith lord Vad be right again?

[14:04] {Threei}  is there any names I haven't been called yet today?

[14:04] {Threei}  is = are

[14:04] {nemo} You want me to start?

[14:04] {Threei}  I guess

[14:04] {Threei}  umm

[14:04] {Threei}  no

[14:14] {nemo} quite a set of scalps fas and faz have been giving

[14:14] {Threei}  SEC REMARKS THAT 50 INVESTIGATIONS ARE GOING WITH REGARDS TO CREDIT DEFAULT SWAPS

[14:14] {Threei}  {ICE CME ISE}

[14:15] {Threei}  seesaw between .80 and .90 on both

[14:15] {nemo} yes

[14:17] {Threei}  US TRADE REP: PORK FROM CERTAIN US STATES HAS BEEN BANNED IN CERTAIN COUNTRIES

[14:17] {Threei}  USDA: THERE ARE NO REPORTS OF SWINE FLU AMONG PIGS IN THE US

[14:18] {Threei}  American pigs - the healthiest pigs in the world!

[14:22] {dptl} gt?

[14:23] {Threei}  US SENATOR GRASSLEY: NOT MUCH CHANCE FOR APPROVAL OF ADDITONAL TARP FUNDS THROUGH AUGUST

[14:24] {Threei}  but after august is fine?

[14:28] {nemo} This day reminds me of a Neil Young comment..."It starts off real slow, and then fizzles out all together."

[14:29] {Threei}  lol

[14:32] {Threei}  FAS... pullback under .90 will be worth long entry

[14:36] {dino}  rcl sm l .15

[14:37] {dino} intc sm l .30

[14:45] {Threei}  (US) OCC'S DUGAN: TRANSITIONING THRIFT CHARTER TO A NATIONAL BAK CHARTER IS DOABLE

[14:45] {Threei}  - There is strong political will to cut the number of agencies overseeing banks.{XLF}

[14:50] {Threei}  anyone took FAS on pullback under .90?

[14:57] {Threei}  Bank of New York Company Inc CEO: Believes stress tests may show average bank is healthier than majority of people think

[15:01] {Threei}  (US) White House Press Sec Gibbs: Reiteratest that the govt has no desire to run the auto companies

[15:02] {Threei}  {auto companies} yeah, thank you, we can die on our own just as well

[15:04] {jfjf64} is fas wowth  gettin involved with  on  this  bounce   boss

[15:04] {Threei}  watching

[15:04] {Threei}  not sure yet

[15:04] {jfjf64} k

[15:07] {Threei}  probably off .70

[15:07] {Threei}  one more quick leg down, and scalp should be in order

[15:07] {jfjf64} yeah

[15:09] {dptl} .75?

[15:09] {dptl} in.76

[15:10] {dptl} stop under .70?

[15:10] {Threei}  there is not much technical to this play

[15:10] {Threei}  can't tell really

[15:12] {Threei}  should move over 80 now for exit

[15:17] {dptl} hmm

[15:17] {Threei}  now

[15:17] {Threei}  het out

[15:17] {Threei}  get too

[15:17] {dptl} out.84 ty

[15:18] {jfjf64} out.90  ty

[15:18] {Threei}  :)

[15:18] {Threei}  pure "feeling" play

[15:18] {vint} out .87

[15:18] {Threei}  not much on chart to indicate precise entry

[15:18] {jfjf64} ya feelin  gd

[15:20] {dino} blud l .35

[15:27] {Threei}  FAS again

[15:27] {Threei}  first strength

[15:28] {Threei}  in .70

[15:28] {dptl} .71 in 

[15:28] {dptl} stop .65?

[15:28] {Threei}  yeah

[15:30] {Threei}  (US) House to vote on credit card reform legislation on Thursday

[15:31] {Threei}  - NYSE volume 1B shares, about 15% below its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei}  - NASDAQ volume 1.83B shares, about 1% below its three-month average; decliners lead advancers by 1.8:1.

[15:32] {dptl} out ty

[15:32] {Threei}  out .77

[15:32] {dptl} .77

[15:33] {Threei}  TARP watchdog Warren: Fed white paper on stress tests gave little detail on the tests mechanics

[15:33] {Threei}  Market data center Your headlines are not in real-time mode Go to live Close

[15:33] {Threei}  Show messages

[15:33] {Threei}  Hide messages

[15:33] {Threei}  sheesh

[15:35] {_ryanagler} what do you think of scalp of gs at 200ma?

[15:35] {Threei}  sorry, having quote issues

[15:35] {Threei}  can't tell

[15:38] {Threei}  urges that stress tests be tough and transparent, otherwise tests will be "useless";

[15:38] {_ryanagler} no prob.  on 10min gs chart 200ma is also 121 even number.  might try it if hits there

[15:39] {Threei}  back...

[15:39] {Threei}  hmm

[15:39] {Threei}  not sure, feels like GS wioll s;ice through 121

[15:42] {Threei}  crap

[15:42] {Threei}  missed FAS dive to ./60 with this connection drop

[15:45] {Threei}  grrr... anyone got it?

[15:45] {jfjf64} nope  stopped at .63

[15:45] {jfjf64} grrr

[15:47] {dino} i'll crack you up, last week on monday it snowed here, today it's 97 degrees

[15:48] {Threei}  lol

[15:48] {Threei}  sliiightly positive day... nothing to write home about

[15:49] {Threei}  and whole lot of issues with quotes, connection, spam e-mails with ugly-looking would-be-brides

[15:54] {Threei}  okay guys, strange day

[15:54] {Threei}  not bad day, just strange

[15:54] {Threei}  have a good evening, see you tomorrow

[15:55] {Threei}  hopefully swines stop sneezing

[15:55] {larisa} later :)

[15:55] {Threei}  and we can get back to business as usual

[15:55] {dptl} have a good evening all

[15:55] {vint} good evening all

[15:55] {_ryanagler} thanks, take care

[15:55] {jfjf64} good night all

[15:56] {fernp} good day here. Good evening all, see u tomorrow

Apr 24 2009

That was a very volatile day, what with "stress test" news et all. Made out OK by staying away during hectic jumps up and down and making our main trades in more readble times. WFC, JNPR, QLD etc worked fine for us on a long side.

Session Time: Fri Apr 24 00:00:00 2009

[08:13] {ese} gotta like them little snipits of advice when you log in "Rally it is - against all predictions"....good morning

[08:13] {nemo} Ese :)

[08:14] {ese} morning nemo

[08:15] {ese} going to get my coffee....and my hypodermic needle....just inject it right in

[08:15] {nemo} cook it down, get the straight caffeine

[08:17] {Threei}  good morning

[08:17] {Threei}  told ya... rally

[08:18] {Threei}  and was so sure of it that took WFC and BAC overnight

[08:19] {Threei}  nice to start the day with +.52 and +.32

[08:19] {Threei}  but I won't even ask "can I go home" qwith nemo around... I know the answer

[08:21] {i2romantis} morning all

[08:22] {Threei}  i2r :)

[08:22] {i2romantis} vad :)

[08:22] {Threei}  man, how could you miss that Bahamas event

[08:22] {ese} whoaa thats confidence vad

[08:22] {Threei}  total blast

[08:23] {i2romantis} you tell me :)

[08:23] {i2romantis} i'm sure it was

[08:23] {Threei}  next year is in preparation... Greeport

[08:23] {i2romantis} diff location every year?

[08:24] {Threei}  ese... sometimes conviction trumps discipline :)

[08:24] {ese} wheres greeport

[08:24] {Threei}  sorry, Freeport

[08:24] {Threei}  {-- fat fingers

[08:24] {i2romantis} ok

[08:24] {Threei}  Bahamas too... different island

[08:25] {Threei}  could change of course, a lot of time still

[08:27] {Threei}  lol... spam e-mail says:

[08:28] {Threei}  Don't miss your chance to look fabulous today! signed: Deborah

[08:28] {Threei}  dear Deborah... you are 25 years late

[08:29] {i2romantis} lol

[08:30] {Threei}  MAR DURABLE GOODS ORDERS: -0.8% V -1.5%E; DURABLES EX-TRANSORTATION: -0.6% V -1.2%E

[08:31] {ese} things are lookin up a little

[08:44] {cosmo} JNPR, for instance

[08:44] {ese} yup 1.34 so far this morning

[08:45] {cosmo} 20.80 spike high so far

[08:46] {ese} tha should break out o new highs today cos

[08:47] {cosmo} 'should'

[08:49] {cosmo} RVBD

[08:49] {cosmo} ... same industry

[08:50] {cosmo} 16.50 pre mkt high

[08:51] {nemo}  It's a little scary everything is looking so "up" this morning

[08:54] {ese} Ford being upgrade at BOA....my goodness ..will miracles never cease

[08:56] {Threei}  F... mama

[08:57] {cosmo} i can't stand that letter

[08:58] {ese} cos what does RVBD do?

[08:58] {cosmo} WAN

[08:58] {cosmo} like JNPR

[08:58] {cosmo} i think

[08:58] {ese} hmmm

[08:59] {pita} greetings

[08:59] {Threei}  pita :)

[08:59] {nemo} Is this a "Pick a stock and go long" day?

[08:59] {dptl} good morning all

[08:59] {Threei}  dp :)

[08:59] {ese} dp, pita

[08:59] {Threei}  nemo... yes, with one correction:

[09:00] {Threei}  in today's temrs, what we used to call "a day" became "an hour"

[09:00] {ese} vad have you seen the dry bulk index lately...up?dn?

[09:00] {nemo} premature stockulation

[09:01] {Threei}  for some reason they don't put it in headlines lately, ese

[09:02] {ese} hmmmm wonder why

[09:03] {Threei}  someone forgot I'd guess

[09:03] {ese} was on a dn slide there for a while 20 or 30 sessions dn....should be turning at some point and so DRYS and the like should follow

[09:03] {Threei}  never exp[lain by conspiracy what can be explained by stupidity

[09:04] {cosmo} ah ... the conspiracy of stupidity...

[09:04] {Threei}  or... you guessed it

[09:04] {Threei}  stupidity of consipracy

[09:05] {cosmo} that still needs to be demonstrated

[09:05] {ese} gotta stop loging on so early boys....your loosin it

[09:06] {Threei}  I have distinctive advantage here ese

[09:06] {Threei}  not much to lose

[09:06] {ese} spectacular advantage

[09:06] {Threei}  so just never log out

[09:06] {cosmo} it helps focus

[09:10] {fernp} Hello everybody

[09:12] {Threei}  gern :)

[09:12] {Threei}  fern, sorry

[09:12] {Threei}  second time I hit G instead of F today

[09:13] {Threei}  so if I alert a trade on G, you know I mean Ford

[09:13] {fernp} lol

[09:13] {pita} yeah, right...lol

[09:14] {larisa} gm :)

[09:18] {Threei}  larisa :)

[09:18] {dino} gm all

[09:19] {nemo} Dino

[09:19] {Threei}  dino :)

[09:19] {nemo} no mags..mmmmmhhhhh????

[09:19] {dino} he's here

[09:20] {nemo} how's his ankle?

[09:20] {dino} crutches

[09:20] {Threei}  F

[09:20] {Threei}  CFO: EXPECT A $3.4B GAIN IN Q2 ON ITS DEBT RESTRUCTURING - CONF CALL COMMENTS

[09:21] {nemo} What's nue doing this morning, it got whacked hard yesterday?

[09:22] {elepet} good morning

[09:22] {Threei}  elepet :)

[09:22] {elepet} palm moving up again?

[09:23] {Threei}  not much so far

[09:23] {Threei}  yesterday's selling while market was strong is not looking encouraging for it

[09:24] {magoo} tctrjrrfjcrj

[09:24] {Threei}  lkgsnsoit

[09:25] {ese} don't you guys mean  ouiiulkjhghl  ?

[09:25] {Threei}  I didn't... can't say for magoo

[09:28] {pita} good day yesterday for JNPR

[09:28] {ese} could be equally as good today

[09:29] {pita} si

[09:30] {Threei}  BAC, if dives into .80 - .85 will be a long entry

[09:33] {Threei}  changes to breakout trade here

[09:33] {Threei} Long Setup:  BAC  9.16

[09:33] {Threei}  if stays above 9.05

[09:34] {Threei}  WFC

[09:34] {Threei}  half lot long .65 break

[09:34] {Threei}  if stays above .50

[09:34] {magoo} futes crushed

[09:35] {magoo} axp

[09:35] {dptl} in wfc

[09:35] {magoo} amzn vad

[09:36] {Threei}  BAC, becomes a bounce play again

[09:36] {Threei}  9 break if holding .95

[09:37] {magoo} in 

[09:37] {Threei}  WFC 1:1

[09:37] {chinggis} in BAC

[09:38] {Threei}  1:2, WFC

[09:38] {Threei}  out +.29

[09:39] {magoo} out .91 WFC TY vad

[09:39] {Threei}  hurry up BAC

[09:40] {magoo} AXP strong

[09:40] {Threei}  hard to tell whether BAC stop should be kept under .95 or under .90

[09:41] {Threei}  our BAC -.06

[09:41] {Threei}  whatever

[09:41] {Threei}  if it's a shakeout, so be it

[09:41] {dptl} wfc +.15 and stopped bac

[09:41] {nemo} stopped bac

[09:41] {nemo} net net on the two

[09:42] {Threei}  F

[09:42] {Threei}  CEO: ON TRACK TO MEET OR EXCEED TARGET OF BREAKING EVEN BY 2011 - CONF CALL

[09:48] {magoo} BLUD WOW VAD

[09:48] {Threei}  04/24/09 09:29am

[09:48] {Threei}  [BLUD] Immucor, Inc. Receives subpoena from US Department of Justice

[09:48] {Threei}  - DOJ requesting documents for the period beginning September 1, 2000 through the present, pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry.

[09:48] {Threei}  - Immucor intends to fully cooperate with the investigation

[09:49] {Threei}  bac

[09:49] {Threei}  sorry

[09:49] {jfjf64} mornin all

[09:50] {Threei}  jf :)

[09:50] {Threei}  F

[09:50] {dino} sm risky l blud .25 wide

[09:50] {wulff} you still in WFC?

[09:50] {Threei}  wroth a try near .20

[09:50] {Threei}  [09:38] {Threei} 1:2, WFC

[09:50] {Threei}  [09:38] {Threei} out +.29

[09:50] {dino} way early

[09:51] {Threei}  stop under .15 who took it

[09:51] {jfjf64} .20 ford long

[09:51] {dino} ok

[09:53] {Threei}  sell half jf

[09:54] {Threei}  and trail stop to under .20

[09:54] {jfjf64} ty

[09:54] {Threei}  unless you just went for a scalp, then you have over 1:1 and need no comments by me

[09:55] {jfjf64} scalpie  ty

[09:55] {Threei}  watching JNPR

06[09:56] * nemo slaps jfjf64 around a bit with a large copy of "How to Scalp Any Market and Profit consistently"

[09:56] {pita} bounce area finnies?

[09:56] {jfjf64} lol

[09:56] {nemo} NDX looks iffy

[09:56] {Threei}  gotta look at particular names pita

[09:56] {Threei}  there are disconnects in this sector lately

[09:57] {jfjf64} jnpr??

[09:58] {Threei}  JNPR, .50 break half lot

[09:58] {Threei}  if holding above .35

[10:00] {Threei}  MAR US NEW HOME SALES: 356K V 337KE (% M/M)

[10:00] {jfjf64} still valid jnpr?

[10:01] {Threei}  not unless goes through new consolidation, at least 2-3 minutes

[10:01] {jfjf64} ty

[10:01] {Threei}  - Median sales price: 201,400$ v $200,900 m/m

[10:02] {Threei}  New Home months of supply: 10.7 months v 11.2 months m/m

[10:02] {Threei}  - Prior New Home Sales revised from 337K to 358K

[10:02] {Threei}  so I guess housing is fixed

[10:02] {nemo} fas just jumped that news seems to have moved it

[10:02] {Threei}  and we were told that was major problem

[10:05] {nemo} nue bounced nicely after yesterday's smackdown

[10:09] {magoo} AMZN

[10:09] {magoo} shit

[10:10] {nemo} guess the recession is over

[10:13] {Threei}  SEC TO HOLD ROUNDTABLE ON MAY 5TH TO DISCUSS CIRCUIT BREAKERS AND SHORT SALES

[10:13] {Threei}  SEC seems to be stuck in 2007

[10:13] {Threei}  it all is so irrelevant

[10:13] {nemo} not politically, unfortunately

[10:15] {Threei}  F CEO: DOES NOT EXPECT TO BE HURT BY GM OR CHRYSLER BANKRUPTCIES - CONF CALL Q&A

[10:15] {Threei} Long Setup:  WFC  .50 break

[10:16] {Threei}  stop is obvious, right?

[10:16] {magoo} in

[10:18] {jfjf64} were is stop

[10:18] {Threei}  under .40

[10:18] {nemo} stoppedd

[10:18] {dptl} stopped 

[10:18] {fernp} stopped

[10:20] {jfjf64} yikes

[10:20] {Threei}  US AND CHINA TO SIGN CONTRACTS WORTH BILLIONS OF DOLLARS FOR US GOODS TODAY

[10:20] {nemo} keep your stops...

[10:20] {nemo} wfc closing opening gap

[10:25] {dino} isrg

[10:25] {Threei} Long Setup:  JNPR  .62

[10:25] {Threei}  argh

[10:25] {Threei}  too fast

[10:25] {Threei}  let it pull back

[10:26] {Threei}  first strength from here

[10:26] {Threei}  in .48

[10:26] {Threei}  stop under .40

[10:26] {dptl} in .50

[10:26] {magoo} in .53

[10:26] {nemo} missed

[10:28] {Threei}  half out

[10:28] {Threei}  .63

[10:28] {Threei}  scalpers be happy

[10:29] {Threei}  stop to .45

[10:29] {fernp} ty Vad

[10:29] {Threei}  :)

[10:30] {Threei}  they publish something about stress tests today... guidelines or something of that kind

[10:32] {Threei}  1/4 more out

[10:32] {Threei}  .70

[10:32] {Threei}  stop to .49

[10:33] {chinggis} out .68 ty

[10:33] {Threei}  run little Juniper run

[10:33] {Threei}  welcome chinggis

[10:33] {magoo} out .77 TY boss

[10:33] {Threei}  offering last part .82

[10:33] {Threei}  {JNPR} you greedy bastard

[10:34] {nemo} boot vad

[10:34] {Threei}  {JNPR} I five and I give and I give... and it's never enough for ya

[10:34] {dptl} out jnpr .73 ty

[10:34] {Threei}  welcome guys

[10:38] {vint} hi Vad-what is on watch for this morning? usual suspects?

[10:39] {vint} sorry, joined late

[10:39] {Threei}  mostly yes, vint

[10:39] {vint} thanks

[10:40] {Threei}  come on JNPR

[10:40] {Threei}  relieve me of last 1/4

[10:43] {Threei}  ah come on... 1 cent shy?

[10:43] {nemo} greedy...

[10:45] {Threei}  market lost will to live

[10:46] {vint} Friday syndrome?

[10:46] {Threei}  yeah

[10:46] {Threei}  plus tose stress test details published at 2

[10:46] {Threei}  plus nearing resistance from a few days ago

[10:47] {Threei}  so gotta decide what to do, break out and run or wilt and die

[10:47] {vint} looks like last hr could be interesting

[10:47] {vint} i mean after lunch

[10:47] {Threei}  wide consensus in investing community is pullback is coming

[10:47] {magoo} so..no pullback

[10:47] {Threei}  you know how I feel about wide consensuses

[10:48] {magoo} :)

[10:48] {magoo} stole your punchline

[10:48] {Threei}  if you want surefire way to be mistaken, side with "widely acknowledged"...

[10:49] {Threei}  (that's why I don't believe in gravity btw)

[10:49] {vint} :)

[10:49] {wulff} ealier you said .50 break on JNPR that did not work.

[10:49] {Threei}  it never set up

[10:49] {wulff} it hit .50 but did not break it, so 

[10:50] {Threei}  it got invalidated by dropping under support

[10:50] {wulff} so I would have bought it at  say .52

[10:50] {Threei}  no... that's not how it works

[10:51] {wulff} it traded at .50 so I bought it, then took a stop

[10:51] {Threei}  gimme a sec, I'll get to it

[10:51] {wulff} Ty

[10:51] {Threei}  ok, out last portion .76

[10:51] {Threei}  {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:52] {Threei}  original setup was .50 break if holding above .35

[10:52] {Threei}  .50 never got broken, JNPR went under .35,

[10:52] {Threei}  setup got invalidated.

[10:52] {Threei}  Next event was:

[10:52] {Threei}  it jumped up and broke .50

[10:52] {jfjf64} next  

[10:52] {Threei}  no entry in such cases,

[10:53] {Threei}  because:

[10:53] {jfjf64} correct

[10:53] {Threei}  1. support got broken, you have way too wide range to buy a break

[10:53] {Threei}  2. it went into resistance b=vertically

[10:53] {Threei}  and vertical move leads to exhaustion

[10:53] {Threei}  we buy breaks after consolidations, not after a sharp spike into resistance

[10:54] {wulff} but what would I have bought it at the first time

[10:54] {wulff} if it broke

[10:54] {Threei}  it never set up first time

[10:54] {wulff} if...

[10:54] {Threei}  if it broke, you'de have bought it just above .50

[10:54] {wulff} OK

[10:54] {Threei}  with stop under .35

[10:55] {wulff} tricky when it trades to resistance number and falls

[10:55] {nemo} c'mon Juniper give yourself over to the Vader

[10:55] {Threei}  nemo... wake up

[10:55] {Threei}  we already settled our differencies

[10:55] {nemo} oh, shut off the speakers

[10:55] {Threei}  [10:51] {Threei} ok, out last portion .76

[10:55] {Threei}  [10:51] {Threei} {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:55] {jfjf64} i never got in trade   what  bout  me

[10:55] {jfjf64} lol

[10:56] {dptl} wfc?

[10:56] {nemo} what about you jf?  You think this is about you?  Want to be the center of attention?  :) Too much caffeine...sorry

[10:56] {nemo} yea WFC had that higher low...bummer

[10:56] {dptl} .50?

[10:57] {Threei}  WFC was nice setup earlier... missed while talking back and forth with JNPR

[10:57] {magoo} arca ooffline

[10:57] {magoo} quote issues

[10:57] {Threei}  not sure here

[10:57] {nemo} oh shit and I don't have INET or Island

[10:57] {jfjf64} ahhhhh

[10:57] {dptl} earlier you mean .15-.30 range?

[10:58] {Threei}  yeah

[10:58] {dptl} ye i see it

[10:59] {dptl} gt?

[10:59] {nemo} nice support @ .20 after that brake through the Bollingers

[10:59] {dptl} gt?

[11:00] {Threei}  don't know

[11:00] {Threei}  kind of marginal play

[11:01] {dptl} ok

[11:04] {laserdave} all laser traders

[11:04] {laserdave} please use inet to place orders for now

[11:04] {laserdave} there are arca issues

[11:07] {dptl} pull back to .45-.50 wfc ...may be?

[11:07] {vint} CAT-  buy on this pull back?

[11:07] {Threei}  I'd really prefer .40

[11:07] {nemo} great, I guess no trading for me

[11:08] {Threei}  CAT... this thing is famous for hars pullbacks

[11:08] {Threei}  I'd feel safer with entry around 33

[11:08] {vint} got it thx

[11:11] {Threei}  G7 OFFICIAL: SEES NO REASON TO CHANGE COMMUNIQUE ON CURRENCIES; WILL SEND A MESSAGE REGARDING NEGATIVE ECONOMIC SITUATION; NOTING NOT ALL NEWS IS BAD

[11:11] {Threei}  - Remarks that there are no discussions on new topics at the moment

[11:18] {Threei}  CONNECTICUT TREASURER REITERATES CALL FOR CEO LEWIS' RESIGNATION

[11:18] {Threei}  NASDAQ is on the verge of break on daily

[11:18] {wulff} does seeing JNPR bother you now?

[11:19] {Threei}  QLD

[11:19] {Threei}  half lot long on pullback

[11:19] {Threei}  .72 , stop under .60

[11:19] {Threei}  no wulff

[11:19] {Threei}  I did OK on it

[11:19] {Threei}  I don't expect myself to buy exact bottom and sell exact top

[11:21] {Threei}  changing plan to aggressive entry QLD

[11:21] {Threei}  .66

[11:21] {Threei}  if holding above .60

[11:21] {Threei}  in

[11:22] {dptl} jeez got .68

[11:22] {wulff} .64

[11:22] {vint} in .65

[11:23] {dptl} lol worst one

[11:24] {Threei}  really... you should be ashamed of yourself

[11:24] {dptl} yeah blushing

[11:24] {Threei}  and wulff... don't sell to dp at .68 what you bought at .64 {G}

[11:24] {wulff} try not too

[11:26] {magoo} in btw

[11:26] {ese} ugh....vad how could you destroy your myth.....man I always thought that your bought the exact botom and sold the exact top.......ugggghhhhhh.......i'm destroyed

[11:27] {Threei}  sorry ese

[11:27] {Threei}  in fact I do

[11:27] {magoo} are we in aggress to catch breakout .80 +?

[11:27] {Threei}  I just don't tell anyone for tax purposes

[11:27] {Threei}  half out

[11:27] {ese} my life and trading is over.....what shall i ever do??

[11:27] {Threei}  .77

[11:27] {Threei}  scalpers are slapers

[11:27] {Threei}  scalpers

[11:27] {Threei}  sigh... I can't even type that twice in a row

[11:28] {ese} your an engineer.... a math guy....you type the numbers better

[11:28] {Threei}  not really... for that I'd have to know how to count

[11:29] {dptl} out .78 ty

[11:29] {Threei}  and I am good within fingers on one hand

[11:29] {magoo} OUT .85 boss

[11:29] {ese} uggghhhh once again.......my opinion of you as exalted trader is destroyed....ugghhhh

[11:29] {magoo} TY 

[11:29] {Threei}  out in full .85

[11:30] {nemo} Hey ese...get a grip!

[11:30] {vint} out .85

[11:30] {wulff} out .89

06[11:30] * magoo slaps wulff around a bit with a large trout

[11:30] {Threei}  cool beans

[11:30] {dptl} lol......ok even on exit still worst one

[11:30] {ese} i'm finished nemo....finished....

[11:30] {Threei}  you know what QLD is btw, right?

[11:31] {pita} good hunting - cu later

[11:31] {magoo} no clue

[11:31] {Threei}  lol mags

[11:31] {Threei}  take care pita

[11:31] {magoo} pita:)

[11:31] {Threei}  it's 2x NASDAQ 1000

[11:31] {dptl} i was afraid of this ??

[11:31] {Threei}  100

06[11:31] * nemo slaps ese around a bit with a large prescription of lithium

[11:31] {Threei}  see, told you I can't count

[11:31] {nemo} FAS

[11:31] {Threei}  so, the idea of the trade, briefly:

[11:31] {ese} ahhhhhh tks....i needed that

[11:31] {Threei}  I wanted to play NADAQ breakout,

[11:32] {Threei}  I didn't see particular stock to follow

[11:32] {Threei}  and didn't want to tie myself to whims of particular stock,

[11:32] {Threei}  and QQQQ is a bit too thick and immobile

[11:32] {nemo} bout time for WFC to take the elevator down

[11:32] {Threei}  so QLD is better fit

[11:32] {Threei}  now,

[11:32] {Threei}  look at it's intraday chart

[11:32] {Threei}  asit makes new highs,

[11:33] {Threei}  would you call ijt breakout stock or pullback stock?

[11:33] {nemo} break out on the JBE

[11:33] {Threei}  most of its movements were very effective off pullbacks

[11:33] {Threei}  breaks were so so

[11:33] {Threei}  so... as it touched .80, I waited for pullback

[11:34] {Threei}  .60 was the low of the range

[11:34] {Threei}  entry in .64-.68 range was as perfect preparation for breakout as it gets

[11:34] {Threei}  there... a little theory

[11:34] {Threei}  be back in 20

[11:35] {vint} was it a brakout from yesterday high?

[11:35] {vint} i mean QLD 

[11:35] {Threei}  yes vint

[11:35] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBSERVING SIGNS OF STABILIZATION IN THE US ECONOMY; CONFIRMS BANKS TO BE NOTIFIED OF RESULTS TODAY

[11:35] {vint} thx

[11:35] {Threei}  [11:18] {Threei} NASDAQ is on the verge of break on daily

[11:35] {Threei}  and next line was QLD call

[11:36] {vint} got it..short memory span nowadays

[11:37] {nemo} Folks on LASER when you download the latest version Inet/Island has been changed to Nasdaq in the drop down routing menu

[11:38] {magoo} the whole room should short amzn..i gonna take it long soon

[11:38] {magoo} I CANT TAKE IT

[11:38] {magoo} that will halt it

[11:40] {magoo} wfc trying 21 vad..has not been over 21 in awhile

[11:40] {magoo} important level

[11:42] {magoo} in out .12

[11:43] {wulff} you know the hardest stops too keep are the ones that come in the first minute of purchase

[11:43] {magoo} 21-21.12

[11:43] {magoo} hey..thats a rush album

[11:43] {wulff} being that I ma sometimes of weak disposition

[11:43] {nemo} I was just going to say that

[11:43] {wulff} am

[11:43] {wulff} but acceptance is acceptance i guess

[11:43] {nemo} Yeah, Syrinx

[11:46] {nemo} wfc probably goes to .45 anyway

[11:47] {wulff} Pat my own back...but I bought a half lot of WFC at 20.10 on the pullback

[11:48] {nemo} you should cash out and go home for the day

[11:48] {magoo} careful

[11:48] {magoo} id offer .31

[11:48] {wulff} am home

[11:48] {wulff} problem is I want 30

[11:48] {nemo} figure of speech...go back to your den

[11:49] {vint} CAT for short? looking at daily..

[11:50] {wulff} chart looks like WFC

[11:59] {vinod} good afternoon to all

[11:59] {vinod} are we going to hit 9000 today?

[12:00] {dino} sure

[12:01] {vinod} look like you gus made a lot today as usuall

[12:02] {larisa} vinod, flattery will get you everywhere :)

[12:03] {vinod} someday i will be a real day trader?

[12:03] {nemo} anybody trouted vinod yet?

[12:04] {vinod} nemo please us for lunch at legal seafood my treat today

[12:05] {nemo} excuse me?

[12:05] {larisa} lol

[12:05] {nemo} I'm in Maine...which one anyway...Kendall Square?

[12:05] {nemo} or the one in the Pru?

[12:06] {vinod} in pru

06[12:06] * magoo slaps vinod around a bit with a large trout

[12:06] {nemo} hehehehehe

[12:07] {Threei}  back

[12:07] {magoo} u were out?

06[12:08] * Threei slaps magoo around a bit with a large quote: "[11:34] {Threei} be back in 20"

[12:10] {Threei}  remember we once started list of people in whome Obama has 100% considence?

[12:10] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBAMA HAS '100% CONFIDENCE' IN FED CHAIRMAN BERNANKE

[12:10] {Threei}  - note: this is the first explicit statement of support for Bernanke from the Obama Administration

[12:11] {Threei}  US HOUSE REPRESENTATIVES REPORTEDLY SEEKING DOCUMENTS SURROUNDING BOA/MERRILL MERGER

[12:12] {Threei}  (US) HOUSE AND SENATE HAVE REPORTEDLY REACHED A TENTATIVE DEAL ON HEALTHCARE LEGISLATION

[12:12] {dino} it's a giant "he said, she said" political fiasco on everything

[12:12] {Threei}  NO KIDDING

[12:12] {Threei}  oops

[12:13] {Threei}  and... as much as I can appreciate the sheer scale of pressure Lewis must have felt himself under if Paulson and Co did what he says they did,

[12:13] {Threei}  if he caved in, he is as guilty as they are

[12:14] {nemo} yeah, not like he didn't have enough money for 10 retirements

[12:15] {dino} feels like high school all over

[12:16] {Threei}  yeah, and he had responsibility to much more than to paulson

[12:17] {Threei}  CHRYSLER MAY REACH AGREMENT WITH THE CAW SHORTLY - FOX BUSINESS

[12:17] {Threei}  wow... CAW ill give up $19/h?

[12:17] {Threei}  I find it hard to believe

[12:17] {nemo} you can buy a house in detroit for $10k

[12:18] {dptl} jnpr short?

[12:19] {Threei}  let's wait for bounce

[12:19] {Threei}  see where it tops

[12:19] {dptl} ok

[12:20] {Threei}  dropped a bit too sharp into 22

[12:20] {Threei}  can snapback easily'

[12:20] {Threei}  10K, sriously?

[12:20] {Threei}  not that I enetrtain moving

[12:20] {nemo} maybe less

[12:23] {Threei}  I don't think it would have view anywhere near mine though, woluld it?

[12:23] {Threei}  http://realitytrader.com/vad/h.jpg

[12:23] {nemo} No..you'd likely want to bullet proof the walls and put steel shudders on the windows

[12:24] {larisa} lol

[12:25] {wulff} ahhh home sweet home

[12:25] {nemo} Yep...it might be a cave, but it's MY CAVE

[12:29] {dptl} ,90 with 22 stop?

[12:30] {nemo} what dp?

[12:30] {nemo} BAC very strong

[12:30] {dptl} jnpr

[12:30] {nemo} ty

[12:30] {Threei}  not sure

[12:31] {Threei}  CHRYSLER TELLS DEALERS THERE IS NO PENDING BANKRUPTCY - WSJ

[12:31] {Threei}  - Note that on 4/23 the New York Times reported that the US Treasury is said to be preparing a bankruptcy filing for Chrysle

[12:31] {Threei}  GM

[12:31] {Threei}  REPORTEDLY TREASURY PROVIDES CO. WITH $2B IN WORKING CAPITAL

[12:32] {nemo} you thinking short dp?

[12:32] {Threei}  TREASURY ANNOUNCES AN ADDED $569M IN TARP REPAYMENTS FROM FOUR MORE FIRMS

[12:32] {vint} FAS apparantly doing well , given the upcoming stress test results..

[12:33] {Threei}  market went slow, boring and narrow

[12:33] {dptl} was thinking nemo yes

[12:33] {Threei}  much like magoo, only magoo is fat too

[12:33] {wulff} ouch

[12:34] {Threei}  I am not a fan of shorting such market

[12:34] {Threei}  capable of nasty surprizes

[12:34] {nemo} your proposed short or Vad's comment about Magoo's corpulence?

[12:36] {nemo} BAC broke out a bit

[12:36] {nemo} w/fas

[12:37] {vint} FAS was at day's high a moment ago

[12:38] {nemo} no volume again

[12:43] {Threei}  what does it tell us?

[12:43] {nemo} what does what tell us?

[12:43] {dptl} stay in coma

[12:44] {Threei}  sigh... never mind

[12:44] {nemo} FAS at new high or nominal volume?

[12:44] {vint} interestingly,FAS and FAZ almost in same price level

[12:44] {Threei}  yeah, they will eclipse soon again I'd assume

[12:46] {nemo} lack of volume...no commitment beyond money that's been playing all along?

[12:47] {vinod} most of the company lost money but Beats Forecast

[12:47] {Threei}  if it was locked in the same money turning over, we would have price locked in the range

[12:48] {Threei}  I think most of commentators citing lack of volume as a premise for this rally to fizzle out don't get it

[12:48] {Threei}  the only thing it tells us really is:

[12:48] {Threei}  the part of the rally we have seen so far is mostly smart money

[12:49] {Threei}  crowd hasn't joined yet

[12:49] {Threei}  when it does - that's when we are going to see major volume

[12:49] {Threei}  and that is going to take us into exhaustion climatic movement

[12:49] {Threei}  climactic

[12:50] {nemo} going green are you Vad?

[12:50] {wulff} fine by me. I can wait

[12:50] {Threei}  no, just can't type - but that's not news really

[12:51] {dino} capital being evacuated

[12:51] {dino} air space violation

[12:51] {nemo} thought it was your sub-conscious peeking through

[12:51] {Threei}  (US) WHITE HOUSE AND US CAPITOL EVACUATED DUE TO AIR SPACE VIOLATION - FOX BUSINESS NEWS

[12:51] {Threei}  - Pilot of aircraft not responding to attempts to contact him.

[12:51] {wulff} I listen to money show

[12:51] {nemo} cool

[12:51] {wulff} and I can't tell you how many

[12:52] {wulff} people say " am NOT putting any money in this market"

[12:52] {Threei}  well... market is going to climb until they give up and jump in :)

[12:52] {Threei}  what else is new, this is the way these moves have been occuring for ages

[12:53] {dino} not responding because doesn't understand english, (kidding)

[12:54] {wulff} they are just clueless to that

[12:54] {Threei}  Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.

[12:55] {wulff} isn't "disinclination" kind of a big word for you?

[12:55] {Threei}  (US) WHITE HOUSE AND US CAPITOL REOPENED FOLLOWING AIR SPACE VIOLATION - FOX NEWS

[12:55] {Threei}  not when I copy and paste wulff

[12:55] {Threei}  you have no idea how lenghty words I can copy/paste

[12:55] {wulff} Oh

[12:55] {wulff} funny man

[12:56] {nemo} yeah vicarious learning should be stricken from vocabulary

[12:58] {Threei}  eclipse

[12:58] {vint} right-- is it good or bad?

[13:00] {vint} i guess time will tell..:)

[13:02] {vinod} every one pass street test and got A grade. what next?

[13:02] {vinod} do we rally more?

[13:03] {wulff} I always stressed during tests

[13:04] {Threei}  I'd guess, initial spike, then selloff, vinod

[13:05] {ese} are the results o the stress test out yet

[13:05] {Threei}  no

[13:06] {Threei}  today is not the results themselves

[13:06] {ese} what time are they due out

[13:06] {Threei}  some details on tests

[13:06] {Threei}  2

[13:06] {ese} tks

[13:07] {vinod} lvad-Let you know when you unloaded F around 4.00 I brought them from you still holding

[13:07] {ese} what were the some of those details.....did you post vad....was on the phone

[13:07] {Threei}  not sure I undertaood vinod... but good trade

[13:08] {vinod} last wek if i remember you sold your F share

[13:08] {Threei}  were ese? it's not 2 yet :)

[13:09] {Threei}  yes vinod

[13:09] {ese} ohhhh  i  get it.....sorry ....thought some of the results were out

[13:09] {vinod} i got to check my note

[13:09] {vint} oh, they don't brief u in advance , vad?

[13:09] {vint} k, we will wait until 2

[13:10] {Threei}  if they did, I would be somwhere on Hawaiian beach long ago, enjoying waves and breeze and umbrella drinks with all my 9 wives

[13:11] {vint} wow, that is more risky than trading

[13:12] {Threei}  WFC... Iswear this thing goes for 22

[13:12] {wulff} fine by me

[13:14] {vint} vad- any read on CAT, it is in tight range on 5mt 

[13:16] {Threei}  nothing that I would see as a compelling trade vint

[13:17] {vint} k,thanks

[13:23] {magoo} [13:13] {&Threei}  WFC... Iswear this thing goes for 22

[13:23] {magoo} [13:13] {wu

[13:23] {magoo} i must coconcur

[13:23] {magoo} ..prob 23

[13:25] {magoo} AXP 27 imo

[13:26] {ese} hey everyone....enjoyed watching you....not doing much scalping last couple of days just siting on a couple of swing trades have a great weekend

[13:26] {Threei}  you too ese, and don't forget about that scanner please

[13:26] {ese} see ya vad

[13:27] {vint} have a good one , ese

[13:27] {nemo} wow, a pullback

[13:27] {dino}  u2 es

[13:27] {nemo} by ese

[13:27] {nemo} bye

[13:27] {nemo} buy

[13:27] {nemo} bi

[13:27] {fernp} bye ese

[13:27] {nemo} beye

[13:27] {nemo} bye

[13:27] {Threei}  finally

[13:28] {Threei}  janitors are getting angry nemo

[13:28] {nemo} wanted to get it right

[13:28] {Threei}  G7 DRAFT STATEMENT TO INDICATE THAT ECONOMIC GROWTH SHOULD RESUME RECOVERY IN LATE 2009

[13:28] {Threei}  that was painful to watch

[13:28] {Threei}  but relief when you did made it worth it

[13:29] {vint} they are going release methodlogy of stress test, so what is news there?

[13:29] {Threei}  no one knows vint

[13:29] {Threei}  it's all a big puzzle

[13:29] {vint} i thought they are releasing results

[13:30] {Threei}  no, that is assigned for March 4

[13:30] {Threei}  unless they changed their minds again

[13:30] {Threei}  sorry, May 4

[13:30] {vint} got it ,thanks

[13:30] {Threei}  assumption is, methodology will give clues to how test results will look

[13:31] {vinod} this is like waiting for new baby to arrive

[13:31] {Threei}  which of course is wide open to interpretations

[13:31] {Threei}  what just hap[p[ened?

[13:31] {nemo} ehhhh....maybe...pullback?

[13:31] {Threei}  outlook to stay weak; downside risks to growth remain.

[13:31] {Threei}  - G-7 committed to ensuring key financial istitutions are sound

[13:31] {Threei}  too sharp for simply pullback

[13:31] {nemo} prez must be speaking

[13:33] {Threei}  CHRYSLER'S LENDERS DISCUSSING SECOND OFFER WITH THE US TREASURY - WSJ

[13:34] {nemo} db on wfc?

[13:34] {Threei}  worth trying

[13:34] {Threei}  .10 support

[13:35] {magoo} not against futes imo

[13:35] {nemo} got a point mags

[13:37] {nemo} fas holding

[13:37] {Threei}  US REP FRANK: GOVT SHOULD ALLOW JPM AND GS REPAY TARP

[13:38] {Threei}  you don't say

[13:38] {vinod} someone leak test or what?

[13:39] {nemo} got volume spike on WFC two minutes ago

[13:47] {Threei}  Prez on TV

[13:47] {nemo} so the pullback was the tell

[13:53] {nemo} what if WFC loses 21?

[13:54] {Threei}  let's wait for those guidelines to be published, then try to gauge rteaction

[13:55] {nemo} these things have got to be marketing pieces

[14:00] {Threei}  *TREASURY STRESS TEST ASSUMPTIONS: BANKS TO BE TOLD TO HOLD BUFFER FOR LOSSES THROUGH 2011

[14:00] {dino} after 2011, told "go crazy"

[14:01] {Threei}  - Notes that banks own estimates are not in line with those of regulators

[14:01] {Threei}  - No details on how stress tests will be released

[14:01] {Threei}  - Banks asked to reaise capital should not be viewed as insolven

[14:02] {wulff} quite a spike in FAS

[14:03] {Threei}  eeck

[14:03] {Threei}  poor initial sellers

[14:03] {Threei}  or shorters

[14:03] {nemo} trade this

[14:04] {Threei}  [13:31] {Threei} which of course is wide open to interpretations

[14:04] {wulff} Look at its volume

[14:05] {Threei}  - Market turbulence has substantially reduced reserves; most banks have capital 'well in excess' of well capitalized levels

[14:05] {Threei}  - Focus on common equity does not imply a new capital standard; no figures provided{

[14:07] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=au8cyqeJFifg

[14:09] {magoo} AMZN starts to crack vad

[14:09] {Threei}  come on mags

[14:09] {Threei}  this is a mess

[14:09] {Threei}  why would tou want to jump into this sharp seesaw

[14:09] {nemo} looks like my last relationship

[14:10] {nemo} Vad, do you really have to ask?

[14:10] {magoo} why u picking on me? i have bothered u today

[14:10] {magoo} if IF mkts retreats, no way is AMZN staying up 5

[14:11] {Threei}  hmmm

[14:11] {nemo} I'm not picking on you...

[14:11] {Threei}  bexcause I enjoy it?

[14:11] {magoo} alrighty then..just so i understand lol:)

[14:11] {Threei}  yeah, just ask :)

[14:11] {magoo} 30 cents since i menbtioned

[14:12] {vinod} :O

[14:13] {nemo} wouldn't it be funny if finnies go negative

[14:13] {Threei}  CNBC'S LEISMAN: ASSUMPTIONS RELEASED LACK DETAILS BECAUSE GOVT MAY NOT WANT WALL STREET ANALYSTS TO RUN ESTIMATES BEFORE BANKS CAN RESPOND TO THE GOVT OVER THE STRESS TEST RESULTS

[14:13] {nemo} Or, they lack details because there are no tests  :)

[14:14] {Threei}  or, because no one understands what those results mean

[14:14] {vinod} so, what happen to test test buy-sell or hold bank stock

[14:14] {Threei}  stay on a sideline, wait for the inirtial emotions to calm down

[14:14] {Threei}  then look for new setups

[14:14] {Threei}  why would you want to gamble on what no one in whole world has no slightest idea about?

[14:15] {Threei}  this has nothing to do with trading

[14:15] {vinod} thanks to all I got to go to work

[14:15] {nemo} it's like playing 5 card black jack draw

[14:16] {magoo} have good weekend v

[14:16] {vint} bye vinod

[14:16] {nemo} cya vinod

[14:20] {nemo} quote server vad?

[14:22] {Threei}  8

[14:26] {Threei}  STU

[14:26] {Threei}  US PRESIDENT OBAMA SEEKING TO 'BATTLE' PRIVATE LOAN COMPANIES ON STUDENT LOAN PROGRAMS - BOSTON.COM

[14:26] {Threei}  - Reiterating that the private loan programs cost the US $5B/year{NNI SLM FMD}

[14:29] {wulff} FITB beak

[14:29] {wulff} break

[14:32] {Threei}  kind of in the middle of everything, wulff

[14:33] {Threei}  I don't see a play on it

[14:33] {wulff} .86 long

[14:34] {Threei}  WHITE HOUSE PRESS SEC GIBBS: EXPECTING SOME BANKS TO RELEASE STRESS TEST DATA

[14:34] {laserdave} are they going to realease it now?

[14:34] {Threei}  no one knows

[14:35] {Threei}  initially they said May 4

[14:35] {Threei}  - some banks will release own results while government will release some data as well{

[14:35] {nemo} looking at the finny reactions that announcement meant a whole lot of nothin'

[14:35] {Threei}  WHITE HOUSE PRESS SEC: ASSUMING AN ANNOUNCEMENT ON AUTOMAKERS NEXT WEEK; GOVT PLANNING FOR ALL CONTINGENCIES

[14:36] {Threei}  what an incredible mess

[14:36] {Threei}  my take:

[14:36] {Threei}  This is meaningless blather. Those are meaningless tests. Anyone can make anything out of this text, and test results themselves will be just as meaningless.

[14:36] {Threei}  There is some framework within which they constructed those tests and their interpretations. That framework is purely abstract and arbitrary - another set of people would construct it differently.

[14:36] {Threei}  It means that after initial hoopla dies down and dust settles, it all won't matter a bit. All those tests are colossal waste of time and effort and public focus.

[14:37] {nemo} [13:55] {nemo} these things have got to be marketing pieces

[14:39] {wulff} last chance

[14:39] {nemo} what wulff? fitb?

[14:39] {wulff} yes

[14:40] {nemo} looks good but you're due for a pullback here

[14:40] {wulff} whetever

[14:41] {nemo} Vad, what if Fitb holds up during this FAS pause?

[14:42] {nemo} you in Wulff?

[14:42] {Threei}  it's as valid play as any other financial

[14:42] {wulff} yes

[14:43] {Threei}  Pontiac to be weeded out but Buick stays?

[14:43] {wulff} huh-hum

[14:43] {nemo} stop wulff?

[14:44] {wulff} .80

[14:45] {wulff} FAS you dog

[14:45] {Threei}  so let's see

[14:45] {Threei}  all that selloff as if something groundshaking happpened

[14:45] {Threei}  and now market makes new highs?

[14:46] {Threei}  any chance you would get it right if you tried to trade those announcements?

[14:47] {vint} it was very tempting while watching long candles

[14:47] {vint} red and green candles-very confusing however

[14:48] {Threei}  14:05 - 14:13

[14:48] {Threei}  out of those red candles

[14:48] {Threei}  how would you determine which one to buy?

[14:49] {nemo} which stock?

[14:49] {Threei}  FAS

[14:49] {Threei}  selloff didn't run out of gas until reached ober 60 cents

[14:50] {Threei}  you could try entry at 8.2

[14:50] {Threei}  then at 8

[14:50] {nemo} wasn't major difference in volume at the bottom

[14:50] {Threei}  nope

[14:50] {Threei}  only 7.80 finally produced bottom,

[14:51] {Threei}  now

[14:51] {Threei}  what are the chances that having your fingres cut off on first two tries you would go for a third oneZ?

[14:51] {nemo} 0

[14:51] {vint} 0

[14:51] {Threei}  and even if tyou did,

[14:51] {Threei}  how long would you hold it?

[14:51] {nemo} I wouldn't have fingers to push the buttons

[14:51] {Threei}  7.80 in, 7.95 out?

[14:52] {Threei}  would it even cover losses of first two stops?

[14:52] {Threei}  that's how those tempting big red candles kill you

[14:52] {Threei}  entry is clear only in rear window

[14:53] {vint} this happens in opening also

[14:53] {vint} first few minutes

[14:54] {Threei}  that's why I sually skip them and wait for the opening range to establish itself

[14:54] {Threei}  then go for break of it

[14:54] {larisa} whats sually ?

[14:54] {vint} so announcement like this is like opening moments..crowd emotion

[14:54] {wulff} i.e. FITB

[14:54] {nemo} nice larisa

[14:55] {larisa} vadism :)

[14:55] {Threei}  larisa... "sually" is usually typed with my exceptional typing skills

[14:55] {larisa} i know

[14:55] {Threei}  and you, with multiyears of reading Threeish, should really know better

[14:56] {Threei}  eqzaktly vint

[14:56] {Threei}  it's a common phrase: trade big news events as opening

[14:57] {vint} how insightful! wish i knew it before..slow learner

[14:57] {Threei}  usually applied to FOMC rate decisions

[15:01] {wulff} you think FAS breaks high or low?

[15:01] {wulff} can't decide

[15:01] {Threei}  price configuration says high

[15:01] {Threei}  volume says wait a minute

[15:01] {Threei}  it's a toss

[15:02] {nemo} It's Friday

[15:02] {wulff} throw something

[15:02] {Threei}  I still have inclination toward high

[15:02] {Threei}  buit that's my general bias talking

[15:03] {Threei}  I've been bullish for what now, 3 weeks?

[15:03] {Threei}  and this last one everyone else was bearish

[15:03] {Threei}  I think I was the lone bull

[15:03] {Threei}  no cow in sight

[15:04] {dptl} lol

[15:04] {Threei}  remember those big red days

[15:04] {Threei}  when I was saying it's just a pullback before resumption?

[15:04] {Threei}  every single time that was what happened

[15:05] {Threei}  so, it's kind of hard for me to change out.,ook,

[15:05] {Threei}  as a trend following trader I stay with trend direction until it's proven to break

[15:05] {Threei}  so far it's not

[15:06] {vint} nyse advancing issues up 30% but volume dn 10% ..hope i'm reading correctly

[15:06] {vint} no clue..those are the reading from my screens

[15:07] {wulff} WFC approaching 22

[15:07] {Threei}  why wouldn't it... everyone is trying to short it

[15:08] {wulff} and why would they...the news is out months ago

[15:09] {Threei}  instinct... short anything that isd "too high"... buy anything that is "too low"

[15:09] {Threei}  get killed

[15:09] {Threei}  repeat

[15:09] {Threei}  get killed again

[15:09] {Threei}  repeat

[15:09] {Threei}  'cause if you don't, how I, trend following trader will make my living

[15:10] {vint} so high is not high or low is not real low until it is proven so

[15:12] {Threei}  IMF OFFICIAL: LATIN AMERICAN ECONOMIES REACHING BOTTOM

[15:12] {Threei}  unless they keep digging

[15:13] {Threei}  well, there is a difference between high and The high

[15:13] {Threei}  if stocks didn't make new highs, where would trends come from?

[15:13] {Threei}  and if they do, what business does one have shorting each new high?

[15:14] {magoo} btw..everyday laserdave asks me what i think..everyday for 6 weeks i reply "UP"

[15:14] {magoo} so u not alone..im the cow he he

[15:14] {Threei}  ummm

[15:14] {nemo} I thought you were the horse's...

[15:14] {Threei}  may I think of you as another bull?

[15:15] {vint} i thought we had only bulls bears and pigs

[15:15] {vint} cow, horse??

[15:15] {nemo} trans-bull vint

[15:15] {Threei}  we are broadening our limits

[15:16] {Threei}  and trying to be inclusive

[15:16] {vint} any set up to watch vad?

[15:16] {magoo} ravens

[15:16] {Threei}  this pullback on WFC into .50 was tempting...

[15:16] {Threei}  I hesitated

[15:17] {Threei}  too big chance to get hurt on these hectic moves

[15:17] {vint} even FAS seemd so to me

[15:17] {Threei}  a lot of repositioning happens ahead of weekend

[15:21] {Threei}  watch WFC for double bottom

[15:21] {magoo} see, this mkt will NOT let anyone in

[15:21] {magoo} STRONG

[15:22] {larisa} double top you mean ?

[15:22] {larisa} got confused 

[15:22] {Threei}  no, double bottom at .50

[15:23] {larisa} k

[15:23] {magoo} watching BAC too

[15:23] {Raven} {}

[15:23] {magoo} R

[15:23] {magoo} A

[15:23] {magoo} V

[15:23] {magoo} E

[15:23] {magoo} N

[15:24] {Raven} I'm always watching you magoo

[15:24] {Raven} except when I am slacking

[15:25] {magoo} :)

[15:25] {magoo} so u saw that eh? 

[15:25] {Raven} I see all

[15:25] {Threei}  uh oh

[15:25] {Raven} degenerates

[15:27] {Threei}  larisa

[15:27] {nemo} wulff, still in fitb

[15:27] {Threei}  raven calling me names

[15:27] {wulff} no

[15:27] {Threei}  {Raven} actually... I am calling degenerates names

[15:27] {wulff} got bored with it

[15:28] {Threei}  prfitably bored?

[15:28] {Raven} prfitably ... sigh'

[15:29] {Threei}  hey... magoo's typing is even worse

[15:29] {wulff} if you call .04 profit

[15:29] {Threei}  depends on shares...

[15:29] {magoo} hery..ive breen taking clases

[15:29] {Raven} but I expect it from magoo

[15:29] {Threei}  10K little bugers as ese says...

[15:29] {wulff} I am no ese

[15:32] {Threei}  LVS

[15:32] {Threei}  .35 for a scalp

[15:32] {Threei}  if stays above .30

[15:33] {dptl} in

[15:33] {nemo} in

[15:34] {Threei}  WFC almost 22

[15:35] {Threei}  3 cets shy

[15:36] {nemo} stopped

[15:37] {dptl} stopped

[15:37] {vint} stopped

[15:37] {Threei}  G24 TO REPORTEDLY EVALUATE CHINESE PROPOSAL ON SDR (SPECIAL DRAWING RIGHTS)

[15:41] {dptl} lvs one more try?

[15:42] {Threei}  .30 break was it if you wanted ity

[15:42] {Threei}  with stop under .25

[15:42] {dptl} i see

[15:42] {magoo} in

[15:43] {nemo} in what mags?

[15:43] {magoo} lvs

[15:47] {dptl} same set up again?

[15:48] {magoo} out .34 ty

[15:51] {Threei}  wow

[15:51] {nemo} fas

[15:51] {Threei}  and WFC

[15:51] {nemo} wfc

[15:51] {nemo} friday profit taking

[15:53] {dptl} oh well...ok have good weekend all 

[15:54] {nemo} u2

[15:54] {Threei}  take care dp

[15:55] {Threei}  sheesh

[15:56] {Threei}  wat an amazing volatility

[15:56] {magoo} yea

[15:56] {magoo} so predictable

[15:56] {Threei}  almost dollar down

[15:56] {Threei}  predicatable?

[15:56] {magoo} thesell off

[15:56] {Threei}  have you shorted WFC near 22?

[15:56] {magoo} no

[15:56] {Threei}  or FAS near 8.80?

[15:56] {Threei}  then don't tell me it ws predictable :)

[15:57] {jfjf64} lol

[15:57] {Threei}  okay guys

[15:57] {magoo} i was saying it to dino..watch out we could crash{is all i meant} like yesterday

[15:57] {magoo} or wed

[15:58] {Threei}  whatever... to me, predictable is tradeable

[15:58] {Threei}  if it's not actionable information, it's meaningless

[15:58] {magoo} i know , u win

[15:58] {Threei}  I do?

[15:58] {Threei}  wait

[15:58] {Threei}  wrong intonation

[15:58] {Threei}  I do!

[15:58] {Threei}  okay folks, thank you all

[15:58] {Threei}  not bad day for a Friday,

[15:59] {Threei}  and all those news pieces

[15:59] {vint} thanks, vad

[15:59] {Threei}  ruining the chart

[15:59] {wulff} this bounce is so predictable

[15:59] {larisa} see you later :)

[15:59] {magoo} TY BOSS

[15:59] {Threei}  hehe wulff

[15:59] {jfjf64} ty

[15:59] {magoo} have good weekend

[15:59] {Threei}  have a great weekend

[15:59] {dino} holding blud and nflx over

[15:59] {Threei}  see you all on Monday

[15:59] {fernp} ty Vad. have a good weekend all

[15:59] {wulff} bye all

[16:00] {magoo} ty everyone

Apr 23 2009

Very nice start of the day, not much activity in second half. Just one stop, the rest worked like charm. All usual suspects: WFC, FAS etc. 

Session Time: Thu Apr 23 00:00:00 2009

[07:34] {ese} good morning....anybody hangin

[07:35] {Threei}  wow

[07:35] {Threei}  really sleepless soul eh?

[07:36] {ese} morning vad.....can we dcc

[07:36] {Threei}  sure

[07:54] {magoo} morn

[07:55] {magoo} can anyone get into lasr yet?

[07:56] {vinod} good moring to all. let make a great day

[07:56] {magoo} v:)

[08:02] {Threei}  magoo, vinod :)

[08:02] {nemo} haroo

[08:02] {magoo} vadf

[08:02] {Threei}  nemo :)

[08:02] {magoo} vad:)

[08:02] {magoo} nemo:)

[08:02] {magoo} can u log into laser?

[08:02] {Threei}  hmmm... I get swore at so early in the morning

[08:02] {nemo} mags

[08:02] {Threei}  no

[08:03] {magoo} ok..thought my side

[08:03] {magoo} lol

[08:06] {magoo} in now

[08:07] {nemo} I open LASER and it automatically tries to log me in and gives me "Invalid User" I hit "ok" and it closes the application.  Doesn't even give me an opportunity to log in again

[08:07] {Threei}  that's personal magoo

[08:07] {Threei}  it hates you

[08:08] {Threei}  sorry, nemo

[08:08] {Threei}  just let me in too

[08:09] {Threei}  nice gaps

[08:09] {Threei}  FITB is happy

[08:09] {Threei}  FAS too

[08:09] {Threei}  what was end of day drop about yesterday?

[08:09] {Threei}  some news or just because?

[08:10] {magoo} no news

[08:10] {Threei}  okay

[08:10] {magoo} just droppedd to screw magoo

[08:11] {Threei}  but you stayed safe and didn't let it, right?

[08:11] {magoo} no..crushed me

[08:11] {Threei}  seriously?

[08:11] {magoo} yea

[08:11] {magoo} was long

[08:12] {Threei}  stops?

[08:12] {magoo} blown

[08:12] {magoo} was up too at 3

[08:12] {magoo} dead at 4

[08:13] {Threei}  come on... you really know better than blow the stops

[08:13] {magoo} i know

[08:13] {magoo} but it happens sometimes

[08:14] {magoo} had 6 day win streak going 

[08:14] {magoo} CRUSHED

[08:14] {magoo} you've wrote about that subject

[08:15] {Threei}  professionalism is consistency...

[08:15] {magoo} yup

[08:16] {magoo} but hey. letting room know truth..so they not only see magoo win side

[08:16] {magoo} 6 up days....CRUSHED

[08:16] {Threei}  that's the road to the cure...

[08:16] {Threei}  just hate to see it

[08:17] {magoo} now..on pos note..held 400 sh aapl overnite @ 124.40

[08:17] {Threei}  ok, last question and I'll shut up

[08:17] {magoo} i bounce back better than TIGGER the TIGER

[08:17] {Threei}  the loss didn't exceed the wins of the winning streak?

[08:18] {magoo} my first hold in 16 months

[08:18] {magoo} no

[08:18] {Threei}  okay

[08:18] {magoo} but im telling u CRIUSHED

[08:19] {magoo} big enough that u'd faint

06[08:19] * Threei slaps magoo around a bit with a large manual titled Safety in the Markets

[08:19] {magoo} but i had HUGE win sstreak

[08:19] {Threei}  I don't want to know

[08:19] {magoo} u know magoo.......

[08:20] {magoo} but lets get to work

[08:20] {magoo} thhoughts AAPL?

[08:20] {Threei}  it's above the last resistance 125

[08:20] {Threei}  meaning uncharted territory

[08:20] {Threei}  meaning, no one knows

[08:21] {magoo} out 126.60..+ 2.20

[08:22] {magoo} may reload later

[08:22] {magoo} need to bank it

[08:22] {magoo} good start:)

[08:23] {magoo} crazy b*stard huh}???

[08:23] {Threei}  you?

[08:23] {Threei}  certainly

[08:24] {magoo} yea

[08:24] {Threei}  but that's magoo we come to know and like

[08:24] {Threei}  or dislike

[08:26] {magoo} u ever anomously reference me at seminars he he?

[08:26] {magoo} probably write a chapter on me

[08:27] {magoo} good out aapl

[08:28] {nemo} I know some psychiatrists that would love to do a case study on you

[08:29] {nemo} You mags, not Vad...there's no hope for him

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 640K V 640KE,

[08:30] {Threei}  CONTINUING CLAIMS: 6.137M V 6.120ME

[08:30] {magoo} thats why i exited..the number risk

[08:31] {Threei}  this is a good test

[08:31] {Threei}  if market shakes it off, and I think it will, we have new leg for a rally

[08:32] {nemo} futures are liking it

[08:32] {Threei}  hmm?

[08:32] {Threei}  what futures are you looking at? :)

[08:33] {nemo} DOW

[08:34] {magoo} ACOR up huge vad..news?

[08:35] {patience} good morning RT  :)

[08:35] {magoo} patience:)

[08:35] {patience} magoosky!   good morning   :)

[08:36] {Threei}  patience :)

[08:36] {Threei}  UPDATE: RESUBMITTED NEW DRUG APPLICATION FOR FAMPRIDINE-SR FOR MULTIPLE SCLEROSIS

[08:37] {ese} morning all

[08:37] {fernp} Hello everybody

[08:37] {Threei}  ese, fern :)

[08:39] {Threei}  FITB CEO: SEEING SOME SIGNS OF OPTIMISM COMPARED TO THE LAST 4 OR 5 QUARTERS - CONF CALL COMMENTS

[08:40] {pita} to quote magoo "a'dlkgjaoirjy"

[08:40] {Threei}  lol pita

[08:40] {Threei}  our lunacy rubs off eh?

[08:41] {pita} its wonderful

[08:43] {Threei}  BAC

[08:43] {Threei}  CNBC REPORTS THAT US FED CHIEF BERNANKE DID NOT PRESSURE CEO LEWIS TO KEEP QUIET ON LOAN LOSSES AT MERRIL LYNCH

[08:43] {pita} perhaps amusing is a better word choice

[08:44] {magoo} he he..pita gave it a second thought

[08:45] {pita} not a whole second

[08:45] {magoo} so shes not quite assylum ready vad

[08:45] {Threei}  she?

[08:46] {pita} past ready - pita's a he - PITA = Pain In The Ass

[08:46] {magoo} fitb has a gap to fill higher @ 4.79

[08:47] {magoo} oops

[08:47] {magoo} apoligize

[08:47] {pita} not necessary

[08:47] {pita} where's the gap?

[08:51] {ese} i'm definately looking at that mags

[08:51] {ese} would love to see it go there 4.79 fitb

[08:52] {pita} how do you play that?  Not much of a gap...

[08:54] {pita} are we talking 4/20 morning open?

[08:56] {ese} fitb's numbers were good this morning....beat the street handily....should climb

[08:56] {cosmo} LOGI pre mkt recovery high = 10.41  so far

[08:56] {dptl} good morning all

[08:57] {Threei}  dp :)

[08:57] {magoo} 5 day chartshows gap mr. pita

[08:59] {pita} :)  sm gap, i see

[09:00] {dino} gm all

[09:00] {magoo} aapl has a way of making u feel stupid

[09:01] {magoo} now i hate my exit :)

[09:01] {Threei}  dino :)

[09:02] {ese} deeeeeeeenooooooo

[09:03] {dino} wow

[09:05] {ese} anybody got a read on financials this morning

[09:06] {Threei}  just up and down with market

[09:07] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:09] {Threei}  (US) FITCH: US HOUSE PRICES TO FALL ANOTHER 12.5% BEFORE FINDING A BOTTOM

[09:09] {Threei}  - U.S. home prices will fall an additional 12.5% from 2008's year end values before exhibiting more stability in late 2010, according to Fitch Ratings.

[09:09] {Threei}  - This forecast reflects a reversion to early 2002's prices.

[09:09] {Threei}  - Currently, prices are hovering around levels seen in mid 2003.

[09:09] {Threei}  - To date, national home prices have declined by 27%

[09:11] {vinod} I expect more choppy trading

[09:18] {cosmo} NUVA:  NuVasive posts narrower Q1 loss, ups 2009 viewat Reuters(Wed 6:21pm)

[09:18] {dino} nuva

[09:18] {dino} opps

[09:19] {dino} seems a bit much

[09:19] {dino} acor

[09:19] {dino} rsh

[09:27] {pita} watch list?

[09:27] {Threei}  usual suspects

[09:27] {Threei}  want to skip first minutes

[09:27] {nemo} I've heard that before :)

[09:31] {jfjf64} gm on

[09:31] {magoo} GE smoked vad

[09:31] {dino} ilmn sm l .50

[09:31] {dino} wide

[09:31] {Threei}  jf :)

[09:32] {Threei}  FDIC'S BAIR: HOPING TO HAVE INITIAL PLAN FOR LEGACY LOANS SALE PROGRAM BY JUNE

[09:32] {Threei}  {XLF}

[09:32] {nemo} legacy loan....nice euphemism

[09:32] {Threei}  WFC, watching for long if pulla back into .70 - .80 area

[09:32] {dino} stop to .91

[09:33] {magoo} aapl bounce somewhere vad?

[09:34] {dino} out .95, +.45

[09:34] {dino} reverse slip

[09:34] {Threei}  WFC getting there, want one more leg down

[09:34] {magoo} MS crushed vad

[09:35] {dino} nuva

[09:35] {ese} faz....is pissing me off.........L fitb 4.01   and the faz is driving it down

[09:35] {dino} s sm .08

[09:35] {Threei}  in .81

[09:35] {Threei}  wow... that was fast

[09:35] {Threei}  taken out at .99

[09:36] {magoo} missed

[09:36] {nemo} yep

[09:36] {fernp} too fast missed

[09:36] {dino} bstop to .28

[09:37] {Threei} Long Setup:  JPM  .20 half lot

[09:37] {nemo} stop

[09:37] {Threei}  stop under 32

[09:37] {nemo} stop?

[09:38] {dptl} in .23

[09:38] {magoo} in .20

[09:38] {nemo} in

[09:39] {Threei}  1:1

[09:39] {magoo} out .43 TY 

[09:39] {dptl} out .43 ty

[09:39] {fernp} out TY

[09:39] {Threei}  welcome

[09:39] {jfjf64} ty

[09:39] {tomg} ty vad

[09:39] {Threei}  LVS, what's up again

[09:40] {nemo} all out .50 ty

[09:40] {Threei}  :)

[09:40] {magoo} news

[09:40] {dino} nuva to b/e

[09:41] {dino} stopped +.05

[09:43] {magoo} lvsshort vad

[09:44] {Threei}  why?

[09:44] {dino} t l hl .95, stop lod

[09:45] {magoo} look why

[09:45] {magoo} red candle

[09:45] {Threei}  market red candle, LVS just follows

[09:45] {Threei}  no setup on its own

[09:46] {Threei}  and pointing to what happened later doesn't really answer question about reason, does it? {G}

[09:47] {vinod} out jpm 32.54 i am slow

[09:47] {Threei}  scary thing on quick morning plays on such volatile stock...

[09:48] {nemo} yeah that WfC play, wow...shoulda' entered onthe double bottom around 74, but such a fast play

[09:48] {vinod} i got to be careful because of work

[09:48] {Threei} Long Setup:  MS  half lot .45 break

[09:48] {jfjf64} fast fast

[09:49] {Threei}  that was my entry idea, nemo

[09:49] {nemo} in

[09:49] {dptl} in .48

[09:49] {magoo} in .43

[09:49] {Threei}  stops:

[09:49] {Threei}  for scalpers under .35

[09:49] {Threei}  for normal traders under .30

[09:50] {Threei}  wow WFC... what happened there

[09:50] {Threei}  MS baby

[09:50] {Threei}  1:1 for normal player

[09:50] {fernp} out TY

[09:50] {Threei}  not even speaking of pesky scalpers

[09:51] {chinggis} TY 3i

[09:51] {Threei}  welcome guys

[09:51] {dptl} out .60 ty

[09:51] {Threei}  I will get yelled at immediately but you know I have to ask

[09:51] {Threei}  can I go home?

[09:51] {nemo} NO!!!!!!!!!!!!

[09:52] {Threei}  lol

[09:52] {nemo} there...feel better

[09:52] {Threei}  out MS in full

[09:52] {Threei}  .72

[09:52] {jfjf64} 3i   in the house!!!!!!

[09:52] {magoo} out .66 ty

06[09:52] * Threei slaps magoo around a bit with a large roll of cash

[09:52] {ese} I like that handle chinggis....but it should have been  Chaaaa.....chinggg....gis.....to imitate the ole cash register

[09:52] {nemo} last name Khan?

[09:52] {chinggis} nope

[09:53] {Threei}  that's Chengis Khan reference I'd guess?

[09:53] {ese} good one....high fives all around

[09:53] {nemo} yes...know him personally

[09:53] {chinggis} yes

[09:53] {Threei}  powerful man

[09:53] {nemo} forgot, what was his birth name...Temusan?

[09:54] {chinggis} Temujin

[09:54] {nemo} thanks

[09:54] {chinggis} np

[09:56] {jfjf64} you sd tk ya wife to lunch  more often     lol

[09:56] {nemo} roflol

[09:57] {Threei}  well... one fine day I'll get raw fish poisoning...

[09:57] {dino}  darn nuva too tight

[09:58] {Threei}  let's keep an eye on CAT

[09:58] {Threei}  trading idea is .45 long

[09:58] {Threei}  but I don't want to jump on it just yet

[09:58] {Threei}  want a bit more of consolidation, holding above .30 and most importantly, market establishing upward direction

[10:00] {Threei}  *MARCH EXISTING HOME SALES: 4.57MM V 4.65ME

[10:00] {Threei}  okay... CAT makes it easy for me

[10:00] {Threei}  invalidated :)

[10:00] {jfjf64} k

[10:00] {nemo} could be a short shaping up

[10:00] {Threei}  - Total Months of supply months 9.8M v 9.7 months prior

[10:00] {Threei}  - Median Existing Home Price: 175,200$ v $165,400 prior

[10:00] {nemo} on CAT

[10:01] {Threei}  well, that would be a .30 breakdown

[10:01] {Threei}  but at the moment it wasn't all that clear

[10:03] {nemo} an there she goes

[10:03] {Threei}  numbers came, killed the market and helped establish direction

[10:03] {dino} 7791, 1317, 826

[10:04] {dino} prices rising homes

[10:04] {dino} surprised w/foreclosures

[10:05] {dino} sm l txn .00

[10:06] {dino} idcc sm l .60

[10:08] {Threei} Long Setup:  FAS 

[10:09] {Threei}  .13 - .15

[10:09] {Threei}  stop under .10 for scalpers

[10:09] {Threei}  under 7 for day trade

[10:10] {Threei}  scalpers have 1:1

[10:10] {Threei}  day traders have 1:1

[10:11] {nemo} you're already home, Vad...don't ask again

[10:11] {Threei}  DNDN at it again

[10:12] {magoo} AMZN vad..take a look

[10:12] {magoo} out fas .34 TY

[10:13] {Threei}  don't know what to say about AMZN

[10:13] {magoo} make something up lol

[10:13] {Threei}  81 break is obvius idea but I don't have firm grip on that

[10:13] {Threei}  I personally will skip that

[10:17] {magoo} i took 81

[10:17] {magoo} ty

[10:18] {Threei} Long Setup:  WFC  .45 break

[10:18] {magoo} out here .26

[10:18] {magoo} ty

[10:19] {magoo} in wells

[10:19] {Threei}  stop under .35

06[10:23] * Threei kicks WFC in the rear

[10:24] {Threei}  half out .57

[10:24] {dptl} out +.10 ty

[10:24] {nemo} out

[10:24] {Threei}  me getting greedy on Wells Fargo

[10:24] {Threei}  maybe pesky scalpers win again...

[10:25] {pita} out +.10 ty

[10:25] {Threei}  but there is some serious strength in this one

[10:25] {Threei}  want to give it a chance

[10:25] {dptl} it goes to 20 :)

[10:25] {nemo} dp is channeling mags

[10:25] {magoo} out here .63 TY

[10:26] {Threei}  that's from lala land... for now just trailing stop to b/e

[10:26] {Threei}  1/4 more out

[10:26] {Threei}  .65

[10:26] {Threei}  nemo

[10:26] {nemo} slipping vad...you didn't top tick

[10:26] {Threei}  please?

[10:26] {Threei}  can I?...

[10:27] {nemo} no

[10:27] {nemo} no

[10:27] {Threei}  sigh

[10:27] {nemo} no

[10:27] {magoo} allow me bosss.........

[10:27] {nemo} you left early yesterday

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:27] {Threei}  so what... I had a lot of raw fish to eat

06[10:27] * nemo sticks out tongue because he ducked

[10:27] {Threei}  non of that trout btw

[10:28] {magoo} cAT

[10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:31] {nemo} [10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:32] {magoo} nice read nemo

[10:32] {Threei}  there is a point in repost or just bragging?

[10:32] {nemo} being an asshole

[10:32] {patience} hmmm....gold providing nice swings this week...good scalping opportunities vad, playing goldcorp, kinross

[10:33] {magoo} huh?

[10:33] {Threei}  let's compare notes than nemo... do you have to work hard on that or it comes to you naturally?

[10:33] {Threei}  for me it's very easy

[10:33] {nemo} You met me...what do you think...hmmmmmmmmm?

[10:33] {magoo} it comes easy for you vad to call me an asshole??

[10:34] {jfjf64} you guys too funnyyy

[10:34] {Threei}  you softened personal impression by that 5th jack daniels nemo {G}

[10:34] {Threei}  no magoo, but this does:

06[10:34] * Threei slaps magoo around a bit with a large trout

[10:35] {magoo} with a large trouts asshole lol

[10:35] {nemo} oh geeezzzz

[10:35] {Threei}  lol

[10:35] {magoo} CAT?

[10:35] {nemo} Guess Vinod had enough of the humor

[10:36] {magoo} feels like we missed it

[10:36] {Threei}  you think?

[10:36] {Threei}  lol

[10:36] {Threei}  didn't really see swtup on it

[10:37] {magoo} k

[10:40] {ese} does anyone here think that the market is moving in a bit more of an orderly fashion....no more violent swings like the last part of 09

[10:40] {ese} sorry 08

[10:40] {ese} or am i dreaming

[10:41] {nemo} vix is down significantly ese

[10:41] {dino} es, seems 200-300 dailies average dji, vs. 400-700

[10:41] {ese} yes.....just looked at it.....

[10:41] {dino} ranges

[10:41] {ese} and most of the stuff i'm following seems orderly

[10:42] {ese} ya ...thats a good way to look at it dino

[10:42] {dino} also s/p stuck in 825-875 range all month

[10:43] {ese} yes

[10:43] {dino} most likely fill fri gaps 1353 and 869, then down again to 1300 825 (800 gap )

[10:45] {magoo} SIGHHHHHHH

[10:45] {magoo} i miss the down 300 reversals to up 400 

[10:47] {_xangelx} lol

[10:49] {Threei}  you are too much of a gambler mags

[10:49] {Threei}  but then again... what else is new

[10:58] {nemo} stealth climbs in wfc fas jpm

[10:58] {dptl} .23 long fas? or .13 short?

[10:58] {nemo} against the indexes too

[10:59] {Threei}  long looks a bit more plausible to me, but it's like 51/49

[11:00] {nemo} need indexes?

[11:01] {Threei}  BARCLAYS MAKING POSITIVE COMMENTS ON SOLAR ENERGY NAMES

[11:01] {Threei}  C

[11:01] {Threei}  TO SHUT PRIVATE EQUITY FUND-RAISING OPERATION

[11:01] {Threei}  - WSJ

[11:01] {Threei}  wow

[11:08] {nemo} funny....look at last paragraph: http://www.ritholtz.com/blog/2009/04/the-power-of-tds/

[11:09] {nemo} hey mags, shouldn't you be doing something?

[11:14] {jfjf64} guess it was.13 shoert fas   lol

[11:14] {dino} v sm vmw l .10

[11:17] {pita} double bottom FAS?

[11:18] {Threei}  quite possible

[11:18] {Threei}  what I'd like to see to go for it would be:

[11:18] {Threei}  touch on .10, pulback,

[11:18] {Threei}  staying firmly above the low,

[11:19] {Threei}  desirable above .05

[11:19] {Threei}  couple min of consolidation,

[11:19] {pita} roger that

[11:19] {Threei}  then break of .10 for long entry

[11:20] {Threei}  so far so good

[11:21] {pita} missed or pullback?

[11:22] {Threei}  don't chase but if pulls back into buy zone, take it

[11:22] {Threei}  US LIGHT VEHICLE SALES DOWN 33% SO FAR IN APRIL Y/Y

[11:22] {Threei}  really?

[11:23] {Threei}  I thought it were SUVs and tracks that constituted the problem

[11:23] {Threei}  1:1 FAS

[11:23] {nemo} what?

[11:23] {Threei}  who took it take profit

[11:23] {Threei}  what what?

[11:23] {nemo} did you take it Vad?

[11:23] {Threei}  yes

[11:24] {nemo} I thought you were looking for pullback?

[11:24] {Threei}  ummm

[11:24] {pita} moved too fast 

[11:24] {Threei}  did you watch the stock?? :)

[11:24] {jfjf64} ummm

[11:24] {nemo} obviously not well enough

[11:25] {Threei}  it moved a few times between .06 and .09

[11:25] {ese} signing off for an hour or so....have to teach a class...... see ya

[11:25] {Threei}  consolidation was not as long as I'd like it to be

[11:25] {Threei}  take care ese

[11:25] {Threei}  so it made it kind of discretionary

[11:25] {Threei}  and limited potential to scalp only

[11:25] {fernp} I took BAC following your FAS indications. +.10 TY

[11:26] {Threei}  that's hwy no half out, just straightforward take profit call

[11:26] {jfjf64} well understood

[11:26] {Threei}  fern :)

[11:26] {Threei}  BAC pretty much mirrored same scenario, yeah

[11:27] {nemo} WFC has broken range

[11:32] {Threei}  Off topic:

[11:32] {Threei}  The only thing worse than an idiot is an idiot with initiative

[11:33] {nemo} prez speaking again?

[11:33] {Threei}  lol... not that I know

[11:35] {fernp} lol

[11:40] {Threei}  Study says memory improves on rainy days. People score significantly hgiher on memory tests on rainy cloudy days that they do on bright sunny days.

[11:40] {Threei}  now... when was the last rainy day, I can't remember...

[11:40] {nemo} is that the "idiot with initiative" reference?

[11:41] {Threei}  no

[11:41] {Threei}  unrelated

[11:41] {nemo} who's the "idiot"?

[11:41] {Threei}  gosh... there are so many of them, why don't you pick your own candidate

[11:42] {nemo} I was referring to your comment...you obviously had someone in mind?

[11:42] {Threei}  it's not like we have such short supply of those that you need me to pount out specific one

[11:42] {nemo} fine

[11:42] {Threei}  consider it thinking out loud...

[11:43] {Threei}  but I guess the e-mail that provoked that line of thought was the one I got

[11:43] {Threei}  comparing anti-crisi action of two administrations

[11:43] {Threei}  let me copy

[11:43] {Threei}  Old face had no idea what to do, realized that and tried to do as little as possible. New face has no idea what to do, doesn't realize that and tries to do a lot.

[11:44] {dino}  ands

[11:44] {Threei}  looks like direction is getting established

[11:45] {Threei}  still a bit iffy but if you are itching for action,

[11:45] {Threei}  WFC pullback into .20 should be a long entry

[11:46] {Threei}  FAS .20 break worth a try if stays above .15

[11:48] {dptl} wfc stop would be .15?

[11:49] {Threei}  you in?

[11:49] {dptl} no not yet

[11:49] {Threei}  can't tell in advance, I need to see how it sets up

[11:49] {Threei}  if it does

[11:49] {dptl} ok

[11:50] {Threei}  IMF'S STRAUSS KAHN: COULD DISCUSS SDR IN NEAR FUTURE; STILL WORKING ON ALLOCATIONS

[11:50] {Threei}  who pays his salary?

[11:50] {dptl} fas still valid?

[11:51] {Threei}  not until it goes through new consolidation

[11:55] {dptl} in fas

[11:55] {nemo} FITB?

[11:56] {Threei}  no read

[11:57] {dptl} nope stopped

[11:57] {nemo} indices keeled over

[11:58] {Threei}  CME

[11:58] {Threei}  COMPETITION WITH ICE OVER CDS CLEARING IS NOT YET OVER

[11:58] {Threei}  {ICE}

[12:02] {jfjf64} vad   still  wfc bounce off .20

[12:03] {jfjf64} i was away from computer

[12:05] {Threei}  not sure

[12:05] {Threei}  things slowed down too much

[12:10] {nemo} anybody awake?

[12:11] {Threei}  why?

[12:11] {Threei}  or, what for?

[12:16] {dino}  zzzzzzzzzzzzzzzzzzzz

[12:22] {nemo} what happened

[12:23] {Threei}  no idea, don't see anythbing anywhere

[12:27] {jfjf64} zzzzzzzzzzz

[12:28] {nemo} financials aren't moving but WFC is

[12:28] {Threei}  WFC strength is remarkable

[12:29] {nemo} ohoh...there we go again

[12:29] {Threei}  scared yet?

[12:29] {nemo} oh yeah

[12:29] {Threei}  SENATORS DODD AND SCHUMER SEND LETTER TO BERNANKE SEEKING CREDIT CARD RATE FREEZE -CNBC

[12:29] {Threei}  - reminder: President Obama is meeting with credit card executives today at 1pmET

[12:29] {Threei}  you well should be

[12:30] {Threei}  and when you find out you start thinking in unison woth magoo too - that's it

[12:30] {nemo} yeah...those F#@$%!s jacked my rates a couple of weeks ago

[12:30] {jfjf64} smartest thing i heard   bout  time    crooks

[12:31] {nemo} Magoo...think like him....damn...I'll have to get a double barrel

[12:32] {magoo} or a compound bow

[12:32] {nemo} WFC short trap???

[12:32] {Threei}  so far, obviously

[12:33] {nemo} I mean right now...MMmmmhhhh....guess I'm going for your title

[12:33] {Threei}  don't

[12:34] {Threei}  I have enough competition from all the talking heads

[12:34] {Threei}  all I have left to me in the "stating the obvious" department is Sun ususlly rises in the morning and at East

[12:34] {nemo} Awwww....I can see the big "CO" sown on the front of my jersey now....what color is your cape?

[12:35] {magoo} feels like ive been sitting here for 4 1/2 hours

[12:35] {Threei}  you were

[12:35] {Threei}  that;s why it feels like that

[12:36] {nemo} guess it wasn't a trap

[12:36] {Threei}  FAS is questionable, but WFC pullback into .40 is probably worth a try

[12:37] {Threei}  wait

[12:37] {Threei}  news

[12:37] {Threei}  WFC REPORTED CALIFORNIA AG TO HOLD PRESS CONF LATER TODAY TO ANNOUNCE SUIT AGAINST WFC

[12:37] {nemo} so now it climbs

[12:37] {Threei}  no idea how significant it is

[12:43] {nemo} possible DT on WFC (not alcohol withdrawal related)

[12:52] {jfjf64} wfc??

[12:54] {nemo} am I back?

[12:57] {nemo} am I back?

[12:57] {magoo} nope

[12:59] {nemo} I have the strangest hallucinations...more psilocybin

[13:03] {_xangelx} you guys don't trade during lunch time?

[13:03] {nemo} less

[13:03] {_xangelx} oh

[13:04] {_xangelx} what time you guys start to trade again?

[13:04] {nemo} when the setups occur.  The ranges during lunch tend to be smaller, so the confidence lower.  You'll see more pullback plays during lunch than breakouts

[13:04] {magoo} when a valid setup appears, we trade

[13:05] {magoo} just happens lunch usually slow

[13:05] {nemo} Actually Magoo's probably trading right now

[13:06] {_xangelx} cool

[13:13] {dino} yes we do

[13:27] {nemo} WFC?

[13:28] {Threei}  feels to be preparing a new ssqueeze to me

[13:28] {Threei}  but I don't see a setup

[13:33] {Threei}  probably bounce-ready

[13:33] {Threei}  for a scalp

[13:33] {Threei}  .51 long if stays above .45

[13:35] {magoo} in

[13:36] {nemo} in

[13:41] {magoo} out

[13:41] {magoo} no like

[13:41] {Threei}  traitor

[13:42] {Threei}  holding nicely, maybe even worth more than scalp if moves

[13:42] {vinod} in.0.52

[13:42] {Threei}  need FAS to bounce finally

[13:43] {vinod} my stop is at 0.45

[13:43] {Threei}  just under

[13:44] {vinod} o.k change it to o.47

[13:44] {Threei}  even if all FAS does is just a move to .40, it should be enough for WFC to go to about .65 - .70

[13:44] {Threei}  huh?

[13:44] {Threei}  to .44 you mean?

[13:44] {dptl} lol

[13:44] {vinod} sorry made mistake now is 0.40

[13:45] {Threei}  EU'S ALMUNIA: EUROPE WILL SUFFER MORE IN THE SHORT TERM THAN THE US DUE TO CRISES; SHOULD NOT UNDERESTIMATE THE EUROPEAN STIMULUS THAT HAS ALREADY BEEN APPROVED

[13:45] {Threei}  - Notes that the US economy will react more quickly to the stimulus than the EU's economy

[13:45] {vinod} i did 2 very good trade here vad

[13:45] {Threei}  :)

[13:45] {Threei}  no worky WFC

[13:46] {vinod} well, there is always next one

[13:56] {chinggis} ebay?

[13:57] {Threei}  no read on it here

[13:57] {chinggis} ok ty

[13:58] {magoo} if IF mkt can rip up i like AMZN long

[14:00] {nemo} Mmmmmh, if ebay can't break that high, could be a good short considering how much it's already up the last two days

[14:00] {Threei}  (US) WHITE HOUSE ADVISOR VOLKER: REITERATES THAT THE US AND WORLD ARE EXPERIENCING A "GREAT RECESSION"

[14:00] {Threei}  - does not believe that some banks are "too big to fail."

[14:01] {Threei}  WHITE HOUSE ADVISOR VOLKER: I am very proud of this new term I just coined

[14:01] {nemo} GLW Vad

[14:01] {vinod} recession is recession what so great about it

[14:01] {Threei}  what about GLW?

[14:01] {Threei}  US PRESIDENT OBAMA: CREDIT CARD INDUSTRY SHOULD ISSUE 'PLAIN VANILLA' CREDIT CARDS; NEED MORE PROTECTION FOR CONSUMER WITH MORE OVERSIGHT

[14:01] {vinod} GLW i have plenty of that

[14:02] {nemo} guess that answers it

[14:02] {nemo} Oh yeah, your wife

[14:02] {Threei}  US ADVISOR VOLCKER: SMALLER BANKS A 'GOOD IDEA'

[14:02] {nemo} Not sure I can disagree with Obama on that.  The interest rate isn't really the interest rate on those things

[14:06] {Threei}  US PRESIDENT OBAMA

[14:06] {Threei}  - Remarks that Congress will take action on abuses

[14:06] {Threei}  - Asks for ban on 'unfair rate increases'

[14:06] {Threei}  one thing I don't get

[14:07] {Threei}  are credit card issuers private businesses (well, public if they trade on exhcnages) or are they in any way under government control?

[14:08] {Threei}  whatever they do, fair or unfair, as long as it is legal - how can government tell busienss what to do?

[14:09] {Threei}  this precedent looks more dangerous to me than anything V or AXP could do

[14:10] {Threei}  you GM make these cars and not those; you AXP charge these rates and not those

[14:10] {Threei}  should I expect an order which stocks to call?

[14:10] {jfjf64} hmmmmm

[14:10] {Threei}  seriously, where does it end?

[14:11] {Threei}  US OFFICIAL: CONFIRMS BANKS TO RECEIVE STRESS SUPERVISORY RESULTS TOMMOROW

[14:11] {Threei}  - Notes that during comment period post release of results discussions may not include strength of banks and ability to repay TARP

[14:11] {nemo} the commisar's office

[14:17] {dino} wait until they say you can no longer sell stocks

[14:17] {dino} only buy

[14:17] {jfjf64} lol

[14:17] {Threei}  yup, that would solve problem with falling markets

[14:18] {jfjf64} mess

[14:19] {Threei}  WFC you bastard

[14:20] {vinod} buy stock on uptick only

[14:20] {jfjf64} here comes ya .70

[14:29] {Threei}  yeeeahh

[14:29] {Threei}  sigh

[14:30] {nemo} here's hoping for another 3:00 sleigh ride

[14:39] {magoo} .

[14:39] {nemo} wfc closes the gap

[14:42] {magoo} wtf

[14:45] {Threei}  BAC

[14:45] {dino} .

[14:46] {Threei}  pullback entry, .60 - .70 area for now

[14:46] {Threei}  will try to nail it more precisely if it gets there

[14:52] {wulff} anyone out there?

[14:53] {Threei}  only the truth

[14:53] {nemo} Thanks Mulder

[14:53] {magoo} and u cant handle the truth

[14:53] {Threei}  but it's out there

[14:54] {nemo} You want me on that wall!  You need me on that wall!

[14:59] {Threei} Long Setup:  HIG  .76

[15:00] {Threei}  NY FED: FED ASSETS AT DEC 2008 $2.25T V $1.33T Y/Y

[15:01] {nemo} Oh jeez

[15:01] {pita} BAC?

[15:02] {Threei}  can't tell yet... needs more selling it feels

[15:02] {Threei}  HIG invalidated

[15:02] {i2romantis} FITB is holding ground

[15:07] {Threei}  US TREASURY SEC GEITHNER TO REPORTEDLY COMMENT THAT WORLD NEEDS GROWTH NON DEPENDENT ON US CONSUMER

[15:07] {Threei}  can anyone take the mike from that guy?

[15:08] {dptl} have a good evening all

[15:09] {jfjf64} enjoy

[15:09] {Threei}  take care dp

[15:09] {magoo} bye dp

[15:13] {nemo} So, Vad, when do you think FAS will overtake FAZ again?

[15:14] {Threei}  shrug

[15:14] {nemo} shrug

[15:14] {Threei}  what makes you think I have anythought about that

[15:14] {nemo} BAC bottoming

[15:14] {nemo} That's why I asked

[15:19] {magoo} NUE clubbed

[15:19] {Threei}  do we get a repeat of yesterday?

[15:19] {nemo} instead of long anything, short anything?

[15:20] {Threei}  do ou see any short setups?

[15:20] {nemo} nah...that would be too easy

[15:20] {nemo} What's Dino's opinion?

[15:21] {dino} dk

[15:21] {nemo} wn?

[15:22] {Threei}  be back in 20

[15:22] {nemo} huh?

06[15:23] * Threei slaps nemo around a bit with a large trout

[15:24] {jfjf64} keep gettin kicked off server    lol

[15:27] {jfjf64} eveybody sleepin

[15:27] {nemo} no

[15:28] {jfjf64} k

[15:28] {cosmo} NTGR tests 14.99 ....often..

[15:28] {nemo} look at those sell orders stacked up against the bids...could be fakes

[15:29] {nemo} whaddya' think cosmo?

[15:29] {cosmo} nuttin

[15:29] {nemo} honey

[15:29] {cosmo} its....resistance

[15:30] {nemo} Great Wall of China

[15:30] {cosmo} no

[15:30] {nemo} just being hyperbolic

[15:30] {cosmo} could slip thru

[15:31] {nemo} they could be fakes

[15:31] {cosmo} always

[15:32] {nemo} worth it if Qs turn up and it breaks 15

[15:32] {cosmo} its waiting...yes

[15:32] {magoo} AXP risky reports

[15:32] {nemo} game cosmo?

[15:32] {magoo} long .70

[15:32] {magoo} thginking over 21

[15:33] {magoo} stop .43

[15:33] {nemo} ballsy mags

[15:33] {magoo} hmmmmmm

[15:34] {nemo} oy

[15:34] {nemo} Vad getting his hair done or something?

[15:34] {cosmo} hmmm

[15:34] {jfjf64} hmmmm

[15:35] {magoo} hhhhhhhhhmmmmmmmmmm

[15:35] {nemo} what?

[15:35] {cosmo} .89 stop

[15:35] {nemo} don't do it

06[15:35] * nemo ducks

[15:35] {nemo} look at that pileup @15

[15:36] {cosmo} its faked

[15:37] {nemo} when they report cosmo?

[15:37] {nemo} interesting

[15:38] {cosmo} you mean ... fundamentals?

[15:38] {nemo} earnings

[15:39] {cosmo} too much stress...

[15:39] {nemo} they reported yesterday

[15:39] {cosmo} ah ...yea .. they beat

[15:39] {nemo} those orders are staying

[15:39] {cosmo} see better ahead too

[15:40] {cosmo} wall too

[15:40] {magoo} axp held barely

[15:40] {magoo} strill in

[15:44] {magoo} 2:1 axp

[15:44] {magoo} still in

[15:45] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:46] {magoo} i never read vads book lol

[15:46] {cosmo} NTGR....melt down that wall!

[15:46] {nemo} ohhh

[15:46] {nemo} it keeps getting higher

[15:47] {magoo} i cxalled 21

[15:47] {nemo} you out?

[15:47] {magoo} nope

[15:47] {magoo} i may tho

[15:48] {magoo} grrrrrr

[15:48] {nemo} you've got a double top in stochastics, a tweezer top, and hanging cloud cover

[15:48] {magoo} and an earnings report

[15:49] {magoo} .97 exit

[15:49] {magoo} waiting

[15:49] {nemo} Well, AXP was paying people $300 to close their accounts

[15:50] {nemo} Vad's probably sitting there thinking, "listen to these idiots."

[15:50] {nemo} not you Dino

[15:50] {magoo} HEY

[15:51] {Threei}  WFC...

[15:51] {Threei}  does it or does it not

[15:51] {nemo} Sorry Mags...told ya

[15:52] {Threei}  starts looking like we gap up tomorrow

[15:52] {nemo} almost mags

[15:52] {magoo} .97 prints

[15:52] {nemo} out?

[15:52] {magoo} no

[15:52] {magoo} 21.11 wait

[15:53] {magoo} OUYTTTTTTTTTTTTT

[15:53] {magoo} OUT'

[15:53] {nemo} gj

[15:53] {magoo} 2:1???

[15:53] {magoo} [15:46] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:53] {magoo} [15:47] {magoo} i never read vads book lol

[15:53] {nemo} not quite

[15:54] {nemo} would have had to be .24

[15:54] {magoo} it printed 28

[15:55] {nemo} what did you get out on?

[15:55] {magoo} .11

[15:55] {magoo} +.41 right??

[15:55] {nemo} stock hit 1:2 you had a .27 stop

[15:55] {magoo} u confusing me

[15:56] {magoo} he he

[15:56] {Threei}  which shouldn't be too hard to do

[15:56] {nemo} [15:32] {magoo} long .70

[15:56] {nemo} [15:32] {magoo} thginking over 21

[15:56] {nemo} [15:33] {magoo} stop .43

[15:56] {magoo} did i majke a good call or WHAT?

[15:56] {nemo} absotutely

[15:57] {jfjf64} nice   magootraders.com

[15:57] {Threei}  WFC...

[15:57] {Threei}  this thing will be even higher tomorrow

[15:57] {Threei}  barring news of course

[15:57] {dino}   out vmw .90-.20

[15:57] {nemo} stress test results tomorrow

[15:57] {pita} Is that an overnight call?

[15:57] {Threei}  stree test May 4

[15:58] {Threei}  no pita

[15:58] {magoo} tomorrows may 4th??

[15:58] {dino} out idcc .90, +.30

[15:58] {magoo} f'in JPM

[15:58] {pita} Looking for a "bet the ranch" call - need to get even soon.  :)

[15:58] {magoo} missed

[15:59] {magoo} OY..never worx pita

[15:59] {magoo} TRUST ME

[15:59] {magoo} CRUSHED

[16:00] {magoo} DEAD

[16:00] {pita} yeah, I know only too well....

[16:00] {magoo} HATCHI

[16:00] {Threei}  okay guys, thank you all

[16:00] {magoo} VAD

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {magoo} amzn reports staty putr

[16:00] {pita} see u tomorrow.

[16:00] {Threei}  okay

[16:00] {magoo} plus others vad

[16:00] {magoo} 10 pointer 

[16:00] {magoo} careful..no way to tell

[16:01] {nemo} light volume day

[16:01] {magoo} i NOT IN AMZN..but bet u vad a big mac UP

[16:01] {fernp} Good evening all. see you tomorrow

[16:01] {nemo} gnite

[16:02] {magoo} DECK

[16:04] {Threei}  EPORTS Q1 $0.41 V $0.31E,

[16:04] {magoo} amzn WOW

[16:04] {magoo} saw 82

[16:04] {magoo} POW

[16:04] {Threei}  Guides Q2 Revenues $4.3B-$4.75B v $4.6Be; Guides Operating income $M{QQQQ EBAY}

[16:05] {Threei}  R$4.89B V $4.75BE

[16:05] {Threei}  Guides Operating income $110M-$190M

[16:05] {Threei}  NFLX

[16:05] {Threei}  REPORTS Q1 $0.40 V $0.31E,

[16:06] {Threei}  RMBS

[16:06] {Threei}  REPORTS Q1 -$0.17 V -$0.39E, R $27.3M V $28.4ME

[16:06] {Threei}  JNPR

[16:06] {Threei}  REPORTS Q1 $0.17 V $0.17E, R$764.2M V $764ME

[16:11] {Threei}  MSFT

[16:11] {Threei}  REPORTS Q3 $0.33(INCL $0.06 IN SEVERANCE) V $0.39E, R $13.65B V $14.09BE

[16:13] {Threei}  MSFT moves up on that

[16:13] {Threei}  that

[16:13] {Threei}  s serious

[16:13] {magoo} man

[16:13] {nemo} and you thought the markets were rational...sheesh

[16:13] {Threei}  not me

[16:13] {magoo} beer dino??

[16:14] {Threei}  not since 1997

[16:14] {nemo} vodka vad?

[16:14] {patience} white wine patience?

[16:14] {nemo} Riesling?

[16:14] {Threei}  lightweights

[16:14] {Threei}  look at MSFT

[16:15] {nemo} OMFG!

[16:15] {Threei}  I have some Glenlivet

[16:15] {nemo} Niiiiiceeeeee

[16:18] {Threei}  and I am home alone

[16:18] {Threei}  till tomorrow

[16:18] {magoo} we are with ya

[16:18] {nemo} So, you have a problem drinking alone

[16:18] {Threei}  absolutely not

[16:18] {magoo} i am truly drinkin now

[16:21] {nemo} I'm goig to pour myself one

[16:22] {magoo} its an afterhr tradition

Apr 22 2009

Not overly active but nicely profitable day. We got the idea of the day right and early, and utilized it qith a few trades on FITB, FAS and JPM.

Session Time: Wed Apr 22 00:00:00 2009

[07:58] {cosmo} DNDN Raised To Buy From Neutral By Merriman

[07:58] {cosmo} fwiw

[08:01] {Threei}  JPM

[08:01] {Threei}  REPORTS Q1 -$0.01 V $0.01E, REV $106.8M V $109.7ME

[08:01] {Threei}  morning cosmo

[08:01] {cosmo} :)

[08:02] {Threei}  hmmm

[08:02] {Threei}  sorry, wrong symbol

[08:02] {Threei}  JPN

[08:02] {Threei}  here comes MS

[08:02] {Threei}  REPORTS Q1 -$0.57 V -$0.08

[08:02] {Threei}  CUTS DIVIDEND TO $0.05/SHARE

[08:03] {Threei}  ($0.27/SHARE PREVIOUS)

[08:03] {nemo} hello

[08:03] {Threei}  nemo :)

[08:04] {Threei}  WFC earlier

[08:04] {Threei}  REPORTS Q1 $0.56 V $0.41E, R $21.0B V $19.37BE

[08:04] {Threei}  - New Loans $175B

[08:04] {Threei}  - Operating margins with consolidated net interest margin of approximately 4.1% and efficiency ratio of approximately 56%

[08:04] {Threei}  - Combined net charge-offs of $3.3B v $2.8B at legacy Wells Fargo q/q v $3.3B at legacy Wachovia

[08:04] {Threei}  - Provision expense of approximately $4.6B, including $1.3B credit reserve build, bringing the allowance for credit losses to $23B

[08:04] {Threei}  - Pre-tax pre-provision profit of approximately $9.2B.

[08:04] {Threei}  - Wachovia merger exceeded expectations in Q1, affirms $5B in annual merger savings

[08:04] {Threei}  - TCE forecasted at 3.1%

[08:05] {nemo} what's that doing to the stock this morning considering they preannounced?

[08:05] {magoo} l;srujrrsghsrhsrej

[08:05] {Threei}  unless there is some new information, not much

[08:05] {Threei}  magoo :)

[08:05] {Threei}  back to MS

[08:06] {Threei}  R $3.04B V $5.01BE;

[08:06] {nemo} Acting had of Freddie Mac commits suicide

[08:06] {magoo} 3/5th of estimate?

[08:06] {Threei}  yeah

[08:07] {Threei}  interesting... MS more honest or worse managed than others?

[08:07] {magoo} u thinking FAZ ?

[08:07] {Threei}  not sure

[08:07] {Threei}  gap down is not deep

[08:07] {Threei}  could be a bear trap

[08:07] {magoo} WFC not good either, correct?

[08:08] {Threei}  - Total AUM $356B v $546B q/q

[08:08] {Threei}  well, WFC largely repeted results from pre-announcement as far as I remember

[08:09] {Threei}  if there is something new in their report, I would have to go back and dig old one and compare

[08:09] {Threei}  and I am to lazy for that

[08:11] {magoo} what arewe talking about again/ {lol}

[08:12] {Threei}  - Institutional Securities net revenues $167M v $844M q/q

[08:13] {Threei}  - Global Wealth Management revenues of $73M v $1.42B q/q

[08:13] {Threei}  - Investment Banking revenues $886M v $788M q/q

[08:13] {Threei}  same pattern... more money is made by trading

[08:13] {Threei}  losses in other fields

[08:16] {Threei}  - Equity sales and trading net revenues $900M v -$2.32B q/q

[08:17] {Threei}  04/22/09 07:55am

[08:17] {Threei}  [FRE] Freddie Mac Reportedly the acting CFO Kellerman has been discovered dead - unconfirmed report

[08:17] {Threei}  - Initial reports suggest it was suicide

[08:17] {Threei}  - Confirmed by CNBC

[08:18] {magoo} hammering MS now

[08:21] {Threei}  - Asset Management experienced a pre-tax loss of $0.6B as losses on real estate principal investments

[08:21] {Threei}  - Firm achieved headcount reductions of 5% during the quarter and lowered non-compensation expenses 9% from last years first quarter and is on track to achieve its previously announced annual cost savings target of $2B.

[08:30] {Threei}  (CA) CANADA MAR LEADING INDICATORS M/M: -1.3% V -0.8%E

[08:30] {Threei}  Prior MoM revised from -1.1% to -1.4%

[08:31] {Threei}  WFC EXEC: PROFITS IN Q1 WERE RECORD EVEN AFTER $600M IN PREFERRED SHARE DIV PAYMENTS -CONF CALL

[08:31] {Threei}  - Organic growth at firm was driven by existing, long term business model

[08:32] {pita} morning all

[08:33] {Threei}  pita :)

[08:33] {cosmo} PPDI

[08:34] {cosmo}  PPDI) said it has completed the acquisition of AbC.R.O., Inc., a

[08:34] {cosmo} contract research organization operating in Central and Eastern Europe.

[08:52] {Threei}  DNDN... any slightest blip with FDA, scared to even think how far this thing can drop

[08:52] {Threei}  (US) TREASURY SEC GEITHNER: POLICY MAKERS WILL NEED TO ADOPT STRATEGY TO A GLOBAL VIEW

[08:52] {Threei}  - Must be positive that scale of support for operations be broad

[08:52] {Threei}  - IMF expects the world economy to contract by 1.3% in 2009

[08:52] {Threei}  - Global economy needs the US economy to recover

[08:52] {Threei}  they still haven't decoupled?

[08:52] {Threei}  too bad

[08:53] {Threei}  tongue in cheeck comment of course... remember all those decoupling theories?

[08:53] {Threei}  as if you could take the biggest economy/consumer out of the equation and the rest could function asd if nothing happened

[08:54] {dptl} good morning all

[08:54] {Threei}  dp :)

[08:57] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:06] {Threei}  (US) US TREASURY SEC GEITHNER: CANNOT EASE UP ON RECOVERY EFFORTS TOO EARLY - Q&A

[09:06] {Threei}  of course not

[09:07] {Threei}  noty until last trillion is spent

[09:07] {Threei}  as long as there are trillions to waste - wasted they must be

[09:09] {dino} gm all

[09:10] {Threei}  dino :)_

[09:15] {ese} morning vad.....new visa has arrived......just have to activate it.....and I can stay with you....whewwwwwww!(wiping sweat from forehead and brow)

[09:15] {Threei}  ese :)

[09:16] {Threei}  if you have any questions, please forward them to info@realitytrader.com

[09:16] {ese} tks

[09:20] {dino} ilmn beats and drops

[09:21] {Threei}  ahh, my favorite kind of annoucement:

[09:21] {Threei}  YSD/CNY

[09:21] {Threei}  TREASURY SEC GEITHNER: HAS NOTHING TO ADD TO LAST WEEKS CURRENCY REPORT ON ISSUE OF YUAN

[09:21] {ese} naturally

[09:21] {cosmo} yawn

[09:21] {Threei}  we report that there is no news to report

[09:21] {nemo} looks like FAS might be setting up for a pop

[09:21] {Threei}  WFC CFO: HAVE HIRED 5,000 EMPLOYEES FOR MORTGAGE PROCESSING - PRESS INTERVIEW

[09:22] {Threei}  GS

[09:22] {Threei}  CALYON INITIATES GS WITH SELL, PRICE TARGET: $113.00

[09:22] {Threei}  - Mike Mayo call

[09:22] {ese} fas or faz

[09:22] {Threei}  {GS} Mike Mayo you said? okkkaaayyy....

[09:24] {ese} aapl's up....whats hapening there?

[09:25] {ese} never mind got it....reporting at end of the day

[09:25] {Threei}  04/22/09 08:13am

[09:25] {Threei}  [AAPL] Apple Inc Piper out reccomending Buying stock ahead of earnings due after the close today, citing iPhone upside growth

[09:25] {Threei}  - Piper saying they are increasingly confident in its 3.7M iPhone shipment estimate

[09:26] {ese} brave statement

[09:26] {Threei}  that's you piper... little brave soldier

[09:27] {Threei}  in old times when MMs actually showed their faces on level 2, we would see PIPR at the offer all day, lol

[09:28] {magoo} man, to recommend buy AHEAD..aapl gonna swing 15 points

[09:29] {jfjf64} mornin all

[09:29] {jfjf64} game on

[09:29] {Threei}  jf :)

[09:30] {Threei}  OBAMA OFFICIALS TO URGE CONGRESS TO PASS LEGISLATION CAPPING U.S. GREENHOUSE GAS EMISSIONS - WSJ

[09:31] {cosmo} sigh

[09:31] {nemo} they ought to put a cap in...errr....cap him

[09:31] {Threei}  04/22/09 09:00am

[09:31] {Threei}  [SPWRA] SunPower Corporation Exelon and SunPower to develop 10MW urban solar power plant

[09:31] {Threei}  - Exelon and SunPower Corp. have signed an agreement to develop the nation's largest urban solar power plant at a former industrial site on Chicago's South Side. The 10MW solar photovoltaic (PV) facility is scheduled for completion by the end of this year.

[09:32] {nemo} wow, FAS/FAZ haven't been this subdued on the open in a long time

[09:32] {Threei}  - The $60M project is contingent upon Exelon receiving a federal loan guarantee under the recently passed federal stimulus legislation formally known as the American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office (LGPO).

[09:32] {Threei}  feels to me like FAS is getting ready for upswing

[09:33] {Threei}  ugh

[09:33] {Threei}  too fast

[09:33] {Threei} Long Setup:  FITB  .61 - .62

[09:33] {nemo} [09:21] {nemo} looks like FAS might be setting up for a pop

[09:33] {Threei}  stop for scalpers under .55

[09:33] {Threei}  for day trade under .50

[09:34] {magoo} in

[09:34] {nemo} in

[09:34] {dptl} in.62

[09:35] {Threei}  1:1 for hardcore scalpers

[09:35] {dptl} half out

[09:35] {fernp} ty Vad

[09:35] {Threei}  1:1 for daytrade

[09:35] {Threei}  half out .73

[09:35] {ese} l fitb

[09:36] {dptl} out more .75

[09:36] {Threei}  04/22/09 08:10am

[09:36] {Threei}  [BRCD] Brocade Communications Systems Inc. Goldman Sachs Raised BRCD to Buy from Neutral, price target: $6.50

[09:36] {Threei}  - Added to Conviction Buy List

[09:36] {ese} .70 out .76 +.06

[09:36] {Threei}  1:2 for daytrade

[09:37] {nemo} out ty

[09:37] {dptl} all out .84 ty

[09:37] {Threei}  out in full .90

[09:37] {nemo} .86

[09:37] {Threei}  ese... why in .70??

[09:37] {Threei}  call was .61 - .62

[09:37] {pita} nice call

[09:37] {Threei}  and was available easily

[09:37] {nemo} he's happy over his visa

[09:37] {jfjf64} ty gm on!!!

[09:38] {Threei}  almost 30 cents in minutes on a small liquid stock allowing for a big lot...

[09:38] {Threei}  can I go home?

[09:38] {nemo} NO!

[09:38] {nemo} you are home

[09:38] {Threei}  BRCD...

[09:38] {ese} could see faz really tanking o thought that it was reasonable

[09:39] {Threei}  this one has markings of a slw climber

[09:39] {ese} missed your call basicailly   was looking at something else

[09:39] {nemo} thanks ese, makes me feel better

[09:39] {Threei}  sniff sniff

[09:39] {Threei}  BRCD, 5 break worth a try

[09:40] {Threei}  let's see where it bottoms out before breaking

[09:40] {Threei}  4.90 loss is invalidating event

[09:40] {Threei}  friking FAS

[09:40] {ese} and as i look at it......lousy fill ...was looking at .67.....too many of you all ahead of me

[09:40] {magoo} out .82 TY vad

[09:41] {magoo} was on phone

[09:41] {Threei}  feeling that it was going to jump off 7 was so strong

[09:41] {magoo} look up winner

[09:41] {Threei}  and it moved tooo much while I typed

[09:42] {Threei}  ese... your broker gives you nice commissions with flat fee for big shares, no questions about it

[09:42] {nemo} RIMM bolted out of the gate too

[09:42] {Threei}  but lousy executions overweigh this advanrtage I am sure

[09:42] {Threei}  with small stocks/big lots every cent means a lot

[09:43] {Threei}  simple math:

[09:43] {nemo} let me take my shoes off

[09:43] {Threei}  10K shares, 3 cents lost on bad execution,

[09:43] {Threei}  compare it to commissions

[09:43] {Threei}  and to polish it off, imagine bad execution on a stop if stock falls fast

[09:43] {Threei}  it will be way worse than 3 cents in many cases

[09:45] {Threei}  wow STX

[09:46] {Threei}  04/21/09 04:01pm

[09:46] {Threei}  [STX] Seagate Technology Reports Q3 -$0.56 v -$0.45e, R$2.1B v $2.01Be

[09:46] {Threei}  - Guides Q4 EPS -$0.47 to -$0.37(incl items) v -$0.30e, R $1.9-2.2B v $1.97Be

[09:46] {Threei}  what the deuce

[09:46] {Threei}  lol

[09:47] {Threei}  06:40am [STX] Price Target raised to $6 from $4.50 at BofA/Merrill Lynch, maintains Underperform rating

[09:47] {Threei}  this is something from parallel universe

[09:51] {magoo} .

[09:51] {nemo} mags...ankle broken or sprained badly?

[09:52] {magoo} i think broke, i gotta get to xray but havent had ttime

[09:52] {magoo} i cant walk on it at all

[09:52] {Threei}  ouch

[09:53] {magoo} swollen foot purple

[09:53] {Threei}  JPM

[09:53] {nemo} could be either...if it needs to be set don't wait to the point where they have to re-break it.  That sucks!

[09:53] {dino} whiner, :)

[09:53] {Threei}  see if we get pullback into .10

[09:54] {Threei}  in

[09:54] {Threei}  stop under 32

[09:54] {ese} market internals look better today  trin .87 tick 115

[09:54] {ese} more buying than selling

[09:54] {magoo} in

[09:54] {Threei}  over 1:1

[09:54] {Threei}  half out .25

[09:55] {Threei}  scalpers got their 3 seconds profit

[09:55] {Threei}  (pesky creatures)

[09:55] {dino} ilmn sm l .30txn green

[09:56] {Threei}  stop to under .10

[09:57] {dino} txn l .25 sm

[09:58] {pita} in .12 out .30 twice - ty

[09:58] {Threei}  wow

[09:58] {Threei}  wtg

[09:58] {Threei}  nice resolve

[10:00] {Threei}  out 1/4 more .40

[10:00] {magoo} out .38 TY vad

[10:00] {Threei}  welcome

[10:00] {jfjf64} ty

[10:01] {dptl} brcd valid again?

[10:01] {Threei}  out in full +.50

[10:01] {Threei}  not sure

[10:01] {Threei}  about BRCD that is

[10:02] {Threei}  why bother

[10:02] {Threei}  stock doesn't make new highs with market

[10:02] {Threei}  go where activity is

[10:02] {Threei}  we got 30 cents of FITB and 50 cents on JPM

[10:02] {jfjf64} yo monster lol

[10:03] {ese} L fitb .83

[10:03] {Threei}  and FITB is comparable to BRCD in terms of price and liquidity

[10:03] {Threei}  that's what being in the center of activity does to a stock

[10:03] {dptl} ok ty

[10:05] {dino} ilmn stop to .09

[10:06] {dino} to .30

[10:07] {dino} out ilmn .40, +1.10

[10:07] {fernp} gj

[10:07] {Threei}  wtg

[10:08] {dino} ty

[10:08] {Threei}  Shirtless President to appear on magazine cover

[10:09] {dino} nflx stop to .25

[10:09] {nemo} double top on JPM?

[10:09] {dino} out +.50

[10:09] {Threei}  volume is not right for the reversal pattern

[10:10] {Threei}  not sure

[10:10] {dino} txn to b/e

[10:10] {Threei}  let's wait a bit for more determination

[10:10] {nemo} I was just notifying,  I know how things can slip by unnoticed

[10:10] {Threei}  especially when one is trying to trade with his eyes closed

[10:11] {Threei}  which is my today's experiment

[10:11] {dino} huh?

[10:11] {Threei}  lol

[10:12] {nemo} using his 3rd eye Dino

[10:12] {dino} out titn overnight +.42

[10:12] {Threei}  new high JPM

06[10:12] * magoo slaps dino around a bit with a large trout

[10:13] {dino} nice when a plan comes tyogether

[10:13] {nemo} thanks George

[10:13] {Threei}  *FEB HOUSE PRICE INDEX M/M: 0.7% V -0.7%E

[10:13] {nemo} you've been taking typing lessons from Vad

[10:14] {Threei}  how about that

[10:14] {Threei}  housing is fixed

[10:14] {cosmo} fixed?

[10:14] {Threei}  no?

[10:15] {cosmo} everything is fixed?

[10:15] {Threei}  about to

[10:15] {Threei}  come on, let's let some positive spin in our lives

[10:16] {nemo} that sent the finnies higher

[10:16] {Threei}  [15:42] {Threei} my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[10:16] {dino} i go with up and down and down and up

[10:18] {ese} out fitb .95 +.12

[10:18] {Threei}  wtg

[10:18] {Threei}  20K little buggers?

[10:19] {ese} tks....feel like it was a bad trade though

[10:19] {cosmo} CAT has positive spin

[10:19] {ese} knew i should have been in around .65 but didn't pull the trigger

[10:19] {Threei}  FITB starts looking like 4 will be taken

[10:20] {Threei}  needs help by FAS

[10:20] {dino} ilmn drops

[10:20] {magoo} now vads one of those

[10:20] {magoo} calls 4 after its 4.02 he he

[10:20] {Threei}  no

[10:20] {Threei}  said it when it was 3.98

[10:20] {Threei}  look faster

[10:21] {jfjf64} 1 for magoo   lol

[10:22] {ese} yup it was 20000 of the litle bugers vad

[10:22] {ese} didn't see that post

[10:22] {Threei}  :)

[10:23] {ese} but still should have been in at .65 ish

[10:23] {nemo} so do faz and fas cross again today

[10:25] {cosmo} so... do we know yet who gets the 'high speed rail' bailout?

[10:25] {cosmo} GM maybe?

[10:25] {cosmo} ... just thinking...

[10:29] {dino} txn stop to .49

[10:29] {ese} how does the market feel to you all ...another leg up per chance

[10:29] {nemo} wondr if the finnies will pull back today :)?

[10:29] {ese} or bit of a slide

[10:30] {dino} no feel so far, which is wierd for me

[10:30] {nemo} [10:16] {dino} i go with up and down and down and up

[10:30] {Threei}  *DOE CRUDE: +3.85M V +2.5ME

[10:30] {dino} lol

[10:30] {Threei}  GASOLINE: +800K V -800KE; DISTILLATE: +2.68MM V -900KE;

[10:31] {nemo} that might slow things down

[10:31] {dino} keep adding baby, some day we'll sell it to opec

[10:31] {dino} out txn .49, +.24

[10:32] {nemo} Dino swinging for the fences in the morning...kewl

[10:33] {dino} ilmn back to original entry

[10:33] {dino} 'lucky

[10:33] {dino} back to basics nemo

[10:33] {nemo} good to be irish

[10:33] {nemo} morning hasn't been your forte

[10:33] {dino} ilmn perhaps wants to "double" bottom

[10:34] {dino} never was

[10:34] {nemo} so today a good day

[10:34] {dino} only thing different i can think of, started walking 2 miles at 7:30 am again

[10:34] {dino} indeed it is, over already

[10:35] {nemo} everything backed off when that oil number came out

[10:37] {dino} sm l ilmn .50

[10:40] {dptl} cat  bounce?

[10:40] {cosmo} its alive

[10:40] {dptl} too late

[10:41] {Threei}  can't tell consolidation from end of run at this point

[10:41] {Threei}  wauiting to see what transpires

[10:42] {cosmo} large institutional blocks may tell

[10:44] {cosmo} watching JASO...

[10:45] {cosmo} .25 to .35 range

[10:49] {nemo} anybody awake?

[10:49] {ese} yup 

[10:49] {Threei}  loud snorring was the answer

[10:50] {ese} just waiting for fitb again

[10:50] {ese} have a limit buy at .90

[10:51] {ese} can change my mind if market looks stronger

[10:51] {ese} 20 MA says .88   pullback we'll see

[10:52] {dptl} on 5 min?ese

[10:56] {ese} 15 min

[10:57] {dptl} almost the same on 5min.90 now

[10:57] {ese} if it pulls back here higher than .95   am gonna enter

[10:58] {Threei}  I don't feel this upward move starts next leg

[10:59] {ese} me either

[11:00] {nemo} \

[11:00] {nemo} sorry...it was the cat

[11:00] {ese} q's lower faz higher...won't enter

[11:01] {ese} although  fitb looks to be going against the grain here a little

[11:01] {Threei}  that was the trap so far

[11:01] {Threei}  FITB is a bit stronger, yeah

[11:04] {ese} gonna test the waters   l fitb .03 small

[11:05] {dino} ilmn stop tighten to .44 mkt drop

[11:06] {Threei}  activity dried up completely

[11:07] {Threei}  we need this stand-off resolved so some ibalanaces return and action starts again

[11:07] {dino} iclr

[11:07] {Threei}  feels like FAS drop into .60 area at least is catalyst for renewed interest

[11:09] {dino} 19 to 13 in day

[11:09] {dino} iclr, ppdi, kndl are buys somewhere soon, imo

[11:09] {Threei}  [ICLR] ICON plc Reports Q4 $0.35 v $0.34e, R $220.1M v $218.4Me

[11:09] {Threei}  - Full year net business awards totalled $1.3B, a 28% increase on last year.Fourth quarter net business awards were $261M, a book to bill of 1.2.

[11:09] {Threei}  - CEO "We are very satisfied with our performance in quarter four. Revenues were up 22%, margins held strong at 12% and EPS was up 35%. With our backlog at $1.74B we have entered 2009 in a good position, although the difficult economic climate has put some customers under pressure and has created a degree of uncertainty. We remain positive, though cautious, as 2009 commences."

[11:10] {Threei}  what would have happened if they missed?

[11:11] {dino} kndl pre-big miss, ppdi missed, same business

[11:11] {Threei}  FERC CHIEF: US MAY NOT REQUIRE NEW COAL OR NUCLEAR POWER PLANTS AS RENEWABLE ENERGY SOURCES COMBINED WITH NEW EFFIENCIES MAY MEET DEMAND

[11:11] {ese} very good question.......

[11:11] {Threei}  really?

[11:12] {Threei}  solar, wind and tide are capable of meeting demand already??

[11:12] {nemo} hot air out of Washington is

[11:12] {Threei}  unless I slept 50 years and today is 2059...

[11:12] {ese} in this take no prisoners enviroonment.......icon would be trash now

[11:12] {dino} politician=liar

[11:13] {ese} cool math

[11:13] {dino} atty by traing, so you figure it out

[11:13] {pita} anybody know how to add sound to posts in mIRC?

[11:13] {Threei}  this total lack of resopnsibility will never cease to amaze me

[11:14] {cosmo} just stick a rod in the ground and harvest the schumann resonance....but they wont listen...they never do...

[11:14] {Threei}  say whetever you want, damn the consequences

[11:14] {Threei}  I think dp set them, pita

[11:15] {dptl} sounds?

[11:15] {pita} beep or something to notify of vad posts

[11:15] {dino} damn the topedos

[11:16] {dino} iclr bugs me

[11:16] {dptl} tools-options-sounds

[11:16] {dino} sm l .69

[11:16] {pita} then what?

[11:17] {dino} stop .47

[11:17] {nemo} or just right click on the window icon in the toolbar and pick "beeping"

[11:17] {dptl} enable sounds

[11:17] {dptl} channel,chat

[11:17] {Threei}  oh, and after you set it all, you need to say "

[11:17] {Threei}  kreks-feks-peks", as you click OK

[11:17] {dino} lord vader

[11:17] {dptl} lol

[11:18] {nemo} yeah, "Dark Helmet"

[11:18] {nemo} Anybody ever see, "The Boondock Saints"?

[11:18] {Threei}  that's how I feel when I configure all those features... total vodoo, lol

[11:18] {nemo} great movie

[11:18] {jfjf64} is there way to get sounds on vads post??

[11:18] {dptl} there is a trick though...if the window is active it's not gonna make sounds

[11:19] {dino} ilmn moving

[11:19] {Threei}  lol jf...

[11:19] {dptl} yep

[11:19] {Threei}  you guys need to wake up at least once an hour

[11:20] {jfjf64} guess that was for me

[11:20] {dino} do you want us to trade or wake up?

[11:20] {Threei}  yes sir :)

[11:20] {Threei}  trade dino... but to set sounds, one needs to wake up

[11:20] {dptl} keep #flor window open but have active discussion and then you here beep only then Vad post somthing

[11:20] {dino} music is all i need

[11:20] {Threei}  that's because you ignore me

[11:21] {nemo} that's not true...perish the thought

[11:21] {Threei}  can't blame you though, my own reflection in the mirror ignores me

[11:21] {dino} ilmn to b/e

[11:21] {dino} huh, you say something

[11:21] {dino} good girl iclr

[11:24] {dino} ndx hod

[11:25] {dino} ilmn to .60

[11:27] {dino} hmm iclr drop

[11:28] {pita} later all...

[11:28] {dino} ilmn to .80

[11:29] {dino} cya pita

[11:29] {Threei}  take care pita

[11:30] {dino} stopped iclr slip.44 ave-.25

[11:30] {dino} will retry around low

[11:31] {dino} out ilmn .90, +.40

[11:32] {nemo} so +.15 between the two.  3 for 4 today Dino?

[11:32] {Threei}  MS CFO: WILL WAIT FOR RESULT OF STRESS TESTS TO DETEMINE WHAT TO DO ON TARP; WILL CONSIDER REPAYMENT OF CAPITAL - CONF CALL

[11:32] {Threei}  - Similar to comments made earlier today regarding repayment of tarp (earlier: MSCFO notes plans to repay the TARP once regulators signal their approval.)

[11:35] {jfjf64} nother conf call    

[11:36] {vinod} you guys are ice cold today?

[11:36] {nemo} two wins early, market's been dead since 10

[11:36] {Threei}  hmm?

[11:37] {nemo} oh, and vad's been in a coma

[11:37] {vinod} good afternoon to all

[11:37] {jfjf64} 3for3

[11:37] {Threei}  I am in a coma 9/10 of time

[11:37] {dino} iclr drop

[11:38] {Threei}  doesn't mean I can't tade

[11:38] {Threei}  in factm, it'

[11:38] {Threei}  s just opposite

[11:38] {jfjf64} spell  lol

[11:38] {magoo} we in anything vad?

[11:38] {Threei}  see nemo's remark above mags

[11:39] {magoo} was away from desk

[11:39] {Threei}  starts looking like creep-up day in progress

[11:39] {dino} cold, having a good one

[11:39] {vinod} guy at work told me BAC is 100 stock in 5 year and many IPO will come out of it-i am not buying it

[11:40] {Threei}  in 5 years?

[11:40] {vinod} nemo-i work at John Hancock financial

[11:40] {nemo} in the tower?

[11:40] {vinod} yes 32nd floor

[11:41] {Threei}  I can't see how any reasonable human being can seriously talk about such what happens in 5 hyears with any particular stock/company in times like this

[11:41] {Threei}  and when it comes to financial name... lol

[11:41] {nemo} especially with the world ending in 2012

[11:42] {Threei}  put him to test vinod... ask him where BAC is going to be in an hour

[11:42] {vinod} i am compurt guy don't know financial

[11:42] {Threei}  he nails it, I am buying all BAC I can and wait 5 years

[11:43] {vinod} buy the rule I can't stock with any fund manager

[11:44] {dino} well, if he said it it must be true

[11:44] {vinod} i am trying to make this board live again?

[11:45] {dino} it needs tunes

[11:48] {dino} vocs, wab

[11:52] {dptl} jns?

[11:53] {Threei}  nah

[11:53] {dptl} daily looks good ,no?

[11:53] {Threei}  eerything does, intraday too

[11:54] {Threei}  it's a breakout during lunch time

[11:54] {dino} thank you

[11:54] {Threei}  after dollar move

[11:54] {Threei}  total 50/50

[11:54] {dptl} ok ty

[11:54] {Threei}  can jump to .30, can drop to 8.80

[11:54] {Threei}  roll a dice

[11:58] {vinod} Threei  roll a dice --lvs

[11:59] {dino} you want the ceasars coin toss?

[11:59] {Threei}  LVS, as MGM, is a part of developing story now

[11:59] {Threei}  Ichan vs Kerkorian

[12:00] {dino} i use the ceasars coin

[12:00] {dino} sm l vocs .80, stop .49

[12:01] {dino} iclr big rinse

[12:02] {dino} weaiting at .25

[12:02] {dino} wab, feeling short

[12:03] {Threei}  CNBC REPORTS THAT STRESS TESTS TO REQUIRE 3% TANGIBLE COMMON EQUITY UNDER WORST CASE SCENARIO - CITES SOURCES

[12:04] {dino} wab sm s .05

[12:05] {magoo} vads..give magoo read AAPL palease

[12:05] {Threei}  no problem

[12:05] {Threei}  it's A

[12:05] {Threei}  then A again

[12:06] {Threei}  you with me so far?

[12:07] {dino} wab bstop is .36

[12:07] {magoo} im in and wanted seriouse

[12:07] {Threei}  I don't know

[12:07] {Threei}  just manage the trade

[12:07] {Threei}  what price are you in at?

[12:08] {magoo} out here

[12:08] {magoo} TY

[12:09] {dino} stopped

[12:14] {Threei}  FRE

[12:14] {Threei}  NOTES THAT IT IS UNAWARE OF NO LINK BETWEEN ACCOUNTING PROBE AND THE DEATH OF ACTING CFO

[12:19] {dino} ilmn drops again

[12:22] {ese} limit buy triggered fitb

[12:22] {ese} .90

[12:24] {nemo} what's your stop ese

[12:25] {ese} .80

[12:25] {nemo} ty

[12:25] {ese} your welcome

[12:26] {ese} hmmmmmmmm

[12:30] {dino} +wab reload, sm s .40

[12:33] {ese} flirting with danger ....

[12:33] {nemo} "Flirtin' with Disaster"  Molly Hatchett

[12:33] {ese} indeed

[12:33] {nemo} oy...Alzheimer's 

[12:34] {dino} wab bstop is hod

[12:34] {Threei}  you guys are well read... me, I limit myself to titles "Flirtin". Period

[12:34] {nemo} Vicarious now Vad?

[12:35] {Threei}  don't know.. I also avoide words longer than two syllables

[12:35] {Threei}  and :vicarious" is not it

[12:35] {nemo} You woulda' made a great caveman

[12:35] {Threei}  in fact, it sounds very nefarious to me

[12:36] {Threei}  woulda'?

[12:36] {Threei}  I am one

[12:36] {ese} stopped....&^%&^%-.10  15000shs

[12:36] {nemo} neanderthalis Vadicanis

[12:36] {ese} went to the well to many times

[12:36] {nemo} Oh ese, how the fingernails?

[12:36] {magoo} news VAD

[12:36] {Threei}  I'd rather say, wrong time, and against the microtrend at the moment, ese

[12:37] {Threei}  just this mags

[12:37] {Threei}  GM

[12:37] {Threei}  WSJ: CFO: WILL NOT MAKE ITS $1B DEBT PAYMENT DUE JUNE 1ST

[12:37] {ese} yes definately....could have removed that limit buy......dumb on my part

[12:37] {ese} recognize it....move on

[12:37] {Threei}  I don't think it's a big deal for the market at the moment

[12:37] {nemo} still holding thought

[12:38] {nemo} though

[12:38] {magoo} ty

[12:38] {Threei}  this is why I stay inactive guys

[12:38] {ese} me...no nemo stopped

[12:38] {Threei}  and recomend you to do the same

[12:38] {Threei}  look at what happened ever since our morning plays

[12:38] {Threei}  long stall,

[12:39] {Threei}  very slow and narrow movement slighltly up,

[12:39] {Threei}  stall,

[12:39] {Threei}  slow drift down, narrow again

[12:39] {Threei}  what you have here is:

[12:39] {Threei}  no range wide enough to play it,

[12:39] {Threei}  not breakout,

[12:39] {Threei}  no breakdown,

[12:39] {Threei}  so name me a strategy that would work

[12:40] {dino} up,down, down, up

[12:40] {ese} market will probably head up this afternoon...maybe con recoop some then

[12:40] {Threei}  the skill to deploy in this situation is two-fold

[12:40] {Threei}  1. stay on a sideline and wait for something to shape up

[12:40] {Threei}  2. fend off attempts to engage you into activity by magoo and Co {G}

[12:41] {nemo} Apply your skills in the environment in which they apply

[12:41] {nemo} Don't try to apply them where they don't fit

[12:41] {Threei}  let me show you comment made way eearlier

[12:42] {Threei}  [11:07] {Threei} feels like FAS drop into .60 area at least is catalyst for renewed interest

[12:42] {Threei}  look at the charty

[12:42] {Threei}  .57 bottom for over 20 cents immediate bounce

[12:44] {dino} my old friend snda drop

[12:47] {dino} kirk

[12:47] {nemo} James Tiberius?

[12:48] {dino} lol, good one

[12:48] {nemo} new one coming out

[12:49] {dino} wab to .15

[12:49] {dino} stopped +.25 cover

[12:50] {dino} saw that nemo

[12:51] {nemo} looks interesting

[12:51] {dino} wife didn't like the mothers day idea of going to see it

[12:51] {nemo} yeah, that's like getting her a chain saw for HER birthday

[12:52] {dino} iclr drops

[12:52] {dino} lol

[12:53] {dino} i'm losing it, 2 days in row spilling on my shirt

[12:56] {dino} sm l iclr .50

[12:56] {dino} ilmn setting up

[12:57] {dino} ugh wab, stop too tight

[13:02] {dino} sm l ilmn .65

[13:02] {dptl} cat?

[13:02] {dptl} .50?

[13:02] {Threei}  ?

[13:03] {dptl} was thinking .50 break ...ah didn' hold .40 anyway

[13:04] {Threei}  FAS double bottom confirmation on .60 break was good setup... missed it

[13:04] {nemo} shoulda' come out of the coma earlier

[13:04] {dptl} ye was just about to ask about that :)

[13:05] {nemo} break again above .80?

[13:05] {dptl} set up i mean not coma lol

[13:05] {vinod} to much time playing with Miss

[13:05] {Threei}  CHRYSLER AND CAW REMAIN ENGAGED IN DISCUSSIONS OVER 'ACTIVE BENEFITS'; CHRYSLER SEEKING TO CUT COSTS OF BENEFITS BY ABOUT C$19 FROM CURRENT C$31+ PER HOUR

[13:06] {Threei}  that's some cut

[13:06] {Threei}  tough for union to swallow

[13:08] {dino} nflx

[13:08] {magoo} possible bottom MS here

[13:09] {magoo} in .11

[13:10] {ese} du du du du......dump di dum....twiddle thumbs......

[13:10] {nemo} rearrange sock drawer

[13:11] {nemo} make sure all logos face up

[13:11] {ese} funny

[13:11] {magoo} .98 stop

[13:14] {nemo} ese, watching FITB?

[13:14] {Threei}  let's see if we get new double bottom, .60 - .70

[13:14] {Threei}  want pullback now

[13:14] {Threei}  not buying break here

[13:14] {nemo} on what?

[13:14] {Threei}  pullback, bottomonjg out around.63-.65, then break

[13:15] {Threei}  FAS

[13:15] {Threei}  HIG

[13:15] {Threei}  HEARING ALLIANZE MAY BE PREPPING A BID NEAR $19/SHARE

[13:16] {magoo} MS held by hair off dinos chin

[13:18] {magoo} offering .27

[13:18] {ese} hi nemo ...yes

[13:19] {ese} was rearranging sock drawer

[13:20] {dino} hmmmm you must have alot of socks

[13:20] {ese} thinkin long here at .85

[13:20] {nemo} yeah

[13:20] {ese} a few

[13:20] {dino} lol

[13:21] {Threei}  FAS 1:1

[13:21] {nemo} when did it pull back

[13:21] {Threei}  ??

[13:21] {magoo} dam..saw .25 prints

[13:21] {Threei}  did you watch it?

[13:22] {dptl} it went to .65 only

[13:22] {magoo} OUT WOOHOOOOO

[13:22] {magoo} ty bboss

[13:22] {Threei}  two min dance between .65 and .70 after my comment

[13:22] {magoo} .27

[13:22] {magoo} +.25

[13:22] {Threei}  then break of .70

[13:22] {Threei}  just as prescribed

[13:23] {dptl} was thinking a bit lower .63-. 65

[13:23] {Threei}  for what, entry?

[13:23] {dptl} oh well

[13:23] {Threei}  I mean entry on confirmation

[13:23] {Threei}  .70 break

[13:23] {dptl} .70 break

[13:24] {ese}  l fitb .86

[13:24] {Threei}  if it bottomed at .65 instead of .63, all the better

[13:24] {Threei}  more strength

[13:25] {dptl} i see ....

[13:26] {dino} nflx .00 sm l

[13:32] {jfjf64} whats  the word my trading pals

[13:34] {Threei}  sorry jf... it looks like no one want to be your [pal :(

[13:34] {Threei}  welcome to my world

[13:34] {Threei}  they don't like me either

[13:34] {jfjf64} iv noticed that

[13:34] {ese} praise the lord and pass the amunition......praise the lord and pass the amunition

[13:34] {Threei}  lol

[13:35] {Threei}  kind word and gun are much more powerful than just kind word?

[13:35] {jfjf64} market  charging upward

[13:35] {Threei}  DATAQUICK: CALIFORNIA FORECLOSURES INCREASE BY 80% IN Q1 ON A SEQUENTIAL BASIS

[13:35] {ese} indeed

[13:36] {dino} jf the word is "forward"

[13:37] {nemo} yeah, forward...never straight

[13:38] {jfjf64} ty   forward it is

[13:38] {ese} can't remember if that was a world war 1 or world war 2 song....I think 1

[13:39] {dino} dk, just good way to be

[13:42] {ese} out fitb....and then some .01 +.16........revenge trade against all of vads rules.....the anger was just welled up too deep inside of me.

[13:43] {ese} lol

[13:43] {nemo} yeah, but the setup was good

[13:43] {ese} true

[13:43] {nemo} plus you ha FAS and the indices w/you...so it was still a disciplined trade

[13:43] {jfjf64} what wasentry

[13:44] {nemo} .85

[13:44] {ese} just wanted my description of the trade to sound spectacular

[13:44] {ese} following rules is .....is....is.....too ordinary

[13:45] {nemo} musicians...sheeesh

[13:47] {Threei}  FAS bounse zone

[13:47] {Threei}  or bounce

[13:48] {ese} no  bowwwwouuusssah  is good

[13:48] {dptl} in.94

[13:48] {dptl} stop .88

[13:49] {magoo} in .94

[13:50] {ese} gotta hunch that when fitb gets past 4.00....it could go for a ways

[13:50] {Threei}  four ways?

[13:51] {Threei}  I need serious education...

[13:51] {magoo} triple bottom aapl

[13:51] {ese} ummmmmm  ya ya ...thats it....four ways

[13:51] {ese} was watching that mags....are you thinkin long....i

[13:51] {dptl} half out

[13:51] {nemo} lotta' overhead between 4 and 4.10

[13:51] {magoo} i toiok half here

[13:51] {magoo} .28

[13:52] {ese} fitb nemo

[13:52] {ese} yes

[13:52] {nemo} yes

[13:53] {ese} should correct that statement....if it gets by 4.10 it could go four ways

[13:54] {magoo} out

[13:54] {nemo} fore ways?

[13:54] {nemo} fore weighs?

[13:55] {magoo} that sukked

[13:55] {ese} ok now were getting rid  a que less....

[13:55] {ese} that stock throws me for a loop everytime mags

[13:56] {magoo} it prob goes on rampage up somewhere

[13:56] {magoo} prob is from where

[13:56] {magoo} fas sukked topo{sorry vad}

[13:56] {dptl} stopped second half

[13:57] {magoo} no potential

[13:57] {nemo} that was a surprises...I thought if fas broke .90 it would go, but not that fast

[13:57] {magoo} see if he awake he he

[13:57] {Threei}  nope

[13:58] {Threei}  but it hit 1:1

[13:58] {Threei}  so leave me alone, will ya?

[13:58] {magoo} not at .94

[13:58] {nemo} what hit 1:1?

[13:58] {Threei}  yes it did

[13:58] {magoo} 8 all i saw

[13:58] {magoo} was waiting .05

[13:58] {Threei}  and how is that not 1:1?

06[13:58] * Threei sends magoo calculator

[13:58] {nemo} Yeah, he called bounce zone @ .90

[13:58] {magoo} 6 cents

[13:59] {Threei}  with 5 cents stop?

[13:59] {Threei}  [13:58] {Threei} and how is that not 1:1?

[13:59] {Threei}  [13:58] * Threei sends magoo calculator

[13:59] {nemo} [13:47] {&Threei}  FAS bounse zone

[13:59] {nemo} [13:47] {&Threei}  or bounce

[14:00] {nemo} ruling on the field against VAD...you didn't call a stop...penalty for incomplete trade parameters

[14:00] {Threei}  cool

[14:00] {Threei}  see you all next week

[14:00] {nemo} No, that's not the penalty

[14:00] {Threei}  penalty box, ya know

[14:01] {nemo} this ain't hockey

[14:01] {dino} ostk

[14:01] {nemo} wow Dino

[14:02] {Threei}  REPORTS Q1 -$0.09 V -$0.20 Y/Y, R$187.4M V $203M Y/Y

[14:02] {dino} -.09 vs-.20, rev light

[14:02] {magoo} bama on cnbc

[14:02] {magoo} sheesh

[14:02] {Threei}  he celebrates earth day mags

[14:02] {dptl} it was 1:1 thats why got out half at 8 :) 

[14:02] {nemo} FAZ long

[14:03] {nemo} oh...nevermind

[14:03] {dino} yobama on

[14:03] {Threei}  shirtless?

[14:03] {dino} vocs hod

[14:04] {jfjf64} he is all jerked up

[14:04] {jfjf64} jacked up  sorry

[14:04] {dino} they act as if the earth has feelings

[14:04] {nemo} Freudian slip jf

[14:04] {Threei}  you be careful dino

[14:05] {Threei}  we may decide you are not earth-friendly

[14:05] {dptl} lol

[14:05] {Threei}  anf there is just one sin greater than thaT

[14:05] {dino} my daughter already tells me that

[14:05] {Threei}  namely, being successful businessman

[14:06] {Threei}  if you are both, you must be taken outside and shot twice

[14:06] {Threei}  which remninds me... a few days ago, in a grocery store,

[14:07] {Threei}  cashier, yuung girl, one of "brainwashed generation"

[14:07] {Threei}  asks whether I want plastic bag or paper

[14:07] {Threei}  I say plastic

[14:07] {Threei}  she glances at me quckly,

[14:08] {Threei}  frowned

[14:08] {Threei}  I add:

[14:08] {Threei}  I feel particularly unfruendly toward environment today

[14:08] {dino} lol

[14:09] {dptl} lol

[14:09] {Threei}  sheesh, I thought she was about to refuse to serve me

[14:09] {Threei}  you should see this shicked and almost hateful look at her face

[14:09] {dino} i get a kick out of vegatarians that bust me while they wear leather shoes and belts

[14:09] {nemo} shicked?

[14:09] {Threei}  shocked

[14:10] {Threei}  you proud itself in understanding Threeiish?

[14:10] {nemo} I just tell them something dies so you can eat, you're just prejudiced against living things that don't have eyes

[14:10] {nemo} vegetarians that is

[14:12] {Threei}  wow

[14:12] {Threei}  QWOW

[14:12] {Threei}  do you listen to prez?

[14:12] {Threei}  "suddenly market for american vehicles collapses, because we build SYVs"

[14:13] {magoo} ok that was AAPL botom

[14:13] {nemo} Nobody's buying Priuses either

[14:13] {Threei}  if that's not the most blatant distrortion of reality I heard from president

[14:13] {Threei}  no wait

[14:13] {Threei}  I did not have sex with that woman is still taking the prise

[14:14] {jfjf64} 100 percent

[14:16] {Threei}  what just happened

[14:16] {nemo} I also like "depends on what your definition of "is" is"

[14:21] {magoo} ese, see aapl rip?

[14:22] {dino} vocs stop to .99

[14:30] {ese} hey mags...sorry was getting ready to go teach....

[14:31] {ese} oh blody hell...

[14:31] {dino} he's not talking to ya es

[14:31] {dino} :)

[14:31] {magoo} see goty to like vad says"try it couple times"i hit 123 exit 123.80

[14:32] {magoo} now in 124

[14:32] {ese} nice

[14:32] {Threei}  okay... looks like next leg starts

[14:32] {Threei}  let's hunt for pullback

[14:32] {Threei}  FAS 8.05 area

[14:32] {ese} outta here till tomorow everyone....catch you on the flip side...good luck rest of the day

[14:32] {Threei}  take care ese

[14:33] {magoo} take care bud

[14:33] {ese} see ya vad

[14:33] {ese} see ya mags

[14:33] {nemo} cd's don't have flip sides :)

[14:35] {dino} cya es

[14:39] {dino} iclr to .74

[14:40] {dino} out vocs .99, +.19 longggggg timeeeeeeeeee

[14:42] {dino} nflx earns tonight

[14:44] {dino} stopped iclr .74, +.24

[14:45] {Threei}  anyone took FAS?

[14:45] {jfjf64} in

[14:45] {Threei}  stop under 8, went over 1:1 for half out

[14:46] {jfjf64} out +4

[14:48] {dptl} still worth it?

[14:49] {Threei}  I believe so but can take a few tyries

[14:50] {Threei}  US 10-YEAR YIELD LOOKS TO FINISH PIT SESSION AT HIGHEST LEVEL SINCE BEFORE FED'S QUATITATIVE EASING ANNOUNCEMENT

[14:50] {nemo} yeah, tbt up all day

[14:58] {Threei}  (US) TEXAS LEGISLATURE EXPECTED TO APPROVE SOLAR POWER SUBSIDY; EXPECTED TO BE LARGEST IN NATION - WSJ

[14:58] {Threei}  {FSLR SPIR SPWRA}

[14:59] {Threei}  US HOUSE FINANCIAL SERVICES COMMITEE APPROVES LEGISLATION TO REFORM CREDIT CARD PRACTICES

[14:59] {Threei}  {AXP COF DFS}

[14:59] {Threei}  OPTT lost its mind?

[15:02] {dino} yes

[15:07] {dino} ener

[15:07] {Threei}  yeah

[15:08] {jfjf64} wow

[15:13] {Threei}  US TREASURY CLARIFIES PAY LIMITS UN PPIP

[15:13] {Threei}  DRYS

[15:13] {Threei}  SAID TO HAVE WON A MATERIAL CONTRACT FROM PETROBAS

[15:16] {dino} buy side imbalances

[15:17] {Threei}  I'll have to leave in 15 min guys, finishing a tad earlier today

[15:17] {Threei}  wife's birthday, promised to take her to lunch

[15:17] {dino} wish her a happy (and be nice)

[15:17] {Threei}  I promise former

[15:18] {Threei}  but I don't do nice

[15:19] {magoo} have good one vad

[15:19] {Threei}  ty

[15:19] {Threei}  I wonder if TAN's worth overnight

[15:20] {Threei}  most likely not but let's keep it on radar

Apr 21 2009

Quite a day in the market. What a comeback by financials. We stayed conservative and very picky, and it paid. Not too many plays but all wins with just one or two stops. Played both sides, long and short.

Session Time: Tue Apr 21 00:00:00 2009

[08:06] {nemo} gm

[08:06] {nemo} Vad what chart server?

[08:06] {Threei}  morning

[08:06] {Threei}  none of them works

[08:07] {nemo} Makes me feel better...thought it was me

[08:07] {nemo} then again...maybe it is

[08:08] {nemo} Having a nice nor-'easter here today...so I might get knocked off the net anyway

[08:09] {KSystems} morning :)

[08:09] {Threei}  KS :)

[08:09] {nemo} Tag Herrn K

[08:10] {Threei}  earnings season starts with suffering

[08:12] {patience} good morning RT  :)

[08:13] {Threei}  patience :)

[08:31] {Threei}  TREASURY SEC GEITHNER: TREASURY HAS THE RESOURCES IT NEEDS TO MOVE FORWARD ON ALL ASPECTS OF ITS STABILITY PLANS; $109.6N LEFT IN TARP

[08:36] {Threei}  US TARP INSPECTOR GENERAL BAROFSKY: TOO EARLY TO DETERMINE IF TARP BEING USED APPROPRIATELY - CNBC

[08:38] {Threei}  - AIG counterparty payments being audited, expect full report out this summer.

[08:40] {pita} gm boys and girls

[08:40] {nemo} chart server 1 working

[08:40] {Threei}  pita :)

[08:41] {Threei}  they are all coming back

[08:41] {nemo} FAZ is back...FAS dominance lasted about 10 minutes

[08:42] {Threei}  dominance? the only thing FAS dominated yesterday and this morning is its own prison cell

[08:43] {Threei}  USB EXEC: IF STRESS TESTS COME OUT POSITIVE, HOPE TO ARRANGE REPAYMENT OF TARP FUNDS - CONF CALL

[08:45] {magoo} morning

[08:45] {Threei}  magoo :)

[08:53] {magoo} skf going nuts

[08:55] {Threei}  FAZ too

[08:56] {cosmo} DDRX had good drug sales

[08:57] {dptl} good morning all

[08:57] {Threei}  dp :)

[09:02] {jfjf64} mornin all

[09:03] {cosmo} BRCM healing pre mkt

[09:03] {Threei}  jf, cosmo :)

[09:03] {cosmo} 19.40 lod

[09:03] {ese} good morning

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

[09:03] {cosmo} 3i:)

[09:03] {magoo} i shorted GS at 113.41

[09:04] {cosmo}  Broadcom Offers to Buy Emulex for $9.25 Per Share Cash - Emulex S

[09:04] {cosmo} oaring in Pre-Market

[09:04] {Threei}  ese :)

[09:04] {vinod} gm to all

[09:05] {ese} whats lookin interesting

[09:05] {ese} vinod

[09:05] {Threei}  vinod :)

[09:06] {magoo} oil falling 

[09:06] {ese} Fitb is approaching that buy all you can territory

[09:06] {magoo} not good for stocks

[09:06] {dino} gm all

[09:06] {cosmo} ELX = emulex fyi

[09:06] {Threei}  I thunk it's the other way around mags

[09:06] {ese} dino

[09:06] {Threei}  market drops and drags oil with it

[09:06] {Threei}  dino :)

[09:07] {magoo} out GS + .80

[09:08] {jfjf64} nice start to day

[09:08] {dino} es, fitb, what level, 3?

[09:09] {ese} was in around the 2.75 area with about 20000 a couple of weeks back

[09:09] {dino} education smackdown

[09:10] {ese} faz gapped up ...could be a rough day for financials again

[09:10] {Threei}  it is so far

[09:12] {fernp} Hello everybody

[09:13] {Threei}  fern :)

[09:13] {Threei}  earnings season is off to a rough start eh?

[09:14] {fernp} FITB 3.17  I'm long from yesterday at 3.70... the day does not start well :-)

[09:14] {Threei}  hit over 1:1 AH yesterday...

[09:14] {fernp} true sold half

[09:14] {dino} thx es

[09:21] {ese} does everyone see that post"Earnings season is not time to be a hero"....who posts those

[09:21] {Threei}  lol

[09:21] {dino} "they" do

[09:21] {Threei}  DNDN...

[09:22] {ese} hmmmmm....that one is funny but true

[09:24] {dino} turnaround tuesday is upon us, lets see if pattern holds

[09:24] {ese} speaking of they....this is day ten of the 7 to 10 business days mail for my new visa to get here or i'll be cut off by they

[09:25] {Threei}  dino, I can't help but see bounce candidates everywhere

[09:25] {Threei}  trying to keep myself from calling them all, lol

[09:26] {Threei}  Geithner is talking today

[09:26] {jfjf64} great

[09:27] {magoo} is osama talking today :)

[09:27] {vinod} ese-you need to use visa card and spend to help economy?

[09:28] {dino} i like wnt, mcd, t, txn, wynn

[09:28] {dino} wmt

[09:28] {dino} kndl blood

[09:28] {Threei}  OK guys, let's stay on a conservative side

[09:29] {Threei}  emotions run too high in this market, easy to get hurt

[09:29] {dino} -9

[09:29] {Threei}  prefer to stay in capital preservation mode

[09:29] {ese} I would if i could vinod....

[09:29] {pita} 5k lots?

[09:29] {jfjf64} you drivin boat   gm on

[09:29] {Threei}  lol pita

[09:29] {pita} indeed

[09:29] {ese} anyone thinking shorrt rimm at .60

[09:29] {ese} yesterdays low

[09:30] {Threei}  too many tempting entries out there which probably means most of them will be punished

[09:30] {dino} -10 kndl

[09:30] {ese} too late

[09:30] {dino} rimm gap around 67.80s

[09:30] {dino} 63.80s

[09:30] {Threei}  FED'S HOENIG: INSOLVENT FIRMS MUST BE ALLOWED TO FAIL

[09:30] {dino} thats a new concept

[09:31] {nemo} I sense a hint of sarcasm

[09:31] {dino} :)

[09:32] {magoo} cat bounce vad?

[09:32] {dino} i've been saying that for 9 months

[09:32] {Threei} Long Setup:  FITB  3.01 if stays above 2.90

[09:32] {ese} funny ...real funny

[09:32] {dino} es kndl at some point v sm

[09:32] {Threei}  picking trades with tight enough stops

[09:32] {Threei}  keep them religiously

[09:33] {magoo} in

[09:33] {ese} whoa....talked about being slapped dn

[09:33] {dino} stops are my religion

[09:33] {nemo} in

[09:34] {Threei}  DNDN, this is truly annoying, lol

[09:34] {dino} grrr mcd, wmt txn left w/o me

[09:36] {nemo} FAS going but FITB not following

[09:37] {Threei}  teakes longer than I would like

[09:37] {Threei}  stop to under 2.95

[09:38] {dino} blood esi, apol

[09:38] {Threei}  1:1

[09:38] {dptl} out .10 ty fitb

[09:38] {Threei}  half or scalp, your choice

[09:38] {magoo} out .15 TY

[09:38] {fernp} out TY

[09:39] {vinod} out all 0.14

[09:39] {pita} out ty

[09:39] {Threei}  welcome guys

[09:39] {jfjf64} out.14   ty

[09:39] {ese} L fitb .09

[09:39] {nemo} out .14

[09:39] {nemo} ty

[09:40] {Threei}  wow ese

[09:40] {Threei}  why so high

[09:40] {nemo} musician?

[09:40] {Threei}  1:2

[09:40] {Threei}  out in full 3.23

[09:41] {jfjf64} nice read

[09:41] {Threei}  sometimes I hate these discipline restraints... look at BAC

[09:42] {ese} missed lower

[09:42] {Threei}  was so freakishly tempting around 7

[09:42] {dawg} out in full .26 thank you Vad

[09:42] {Threei}  it spent wuite coniderable time around 3 ese... wake up, will ya

[09:42] {Threei}  dawg :)

[09:42] {ese} out Fitb .26

06[09:43] * Threei send ese hypodermic needle filled with strong coffee

[09:43] {nemo} RIMM up over a buck

[09:43] {Threei}  [09:25] {Threei} I can't help but see bounce candidates everywhere

[09:43] {Threei}  sigh

[09:43] {ese} wow look at it go

[09:44] {nemo} better than seeing dead people

[09:44] {Threei}  old version nemo... modern is 'I see dead pixels"

[09:44] {nemo} Buy new monitor

[09:44] {ese} market internals still don't look good though....TRIM 3.43  not good

[09:44] {Threei}  CONNECTICUT TREASUER CALLS FOR CEO KEN LEWIS' RESIGNATION

[09:44] {ese} TRIN...sorry

[09:45] {Threei}  does Connecticut have a share in BAC?

[09:45] {nemo} resignation...how bout give him the Mel Gibson treatment in Braveheart

[09:45] {jfjf64} lol

[09:45] {Threei}  IMF: DELEVERAGING MAY LEAD TO CREDIT CONTRACTION IN THE US AND EUROPE BY APPROX 4%

[09:45] {nemo} 4% will be conservative

[09:46] {Threei}  DNDN... if pattern holds, it should sell down to 19.50 or so, stall for a while, then start bounces

[09:47] {ese} TRIN 3.15 somebodys selling a sh%$% load of something

[09:48] {nemo} flocking RIMM

[09:49] {Threei} Short Setup: RIMM  half lot .50 breakdown if stays under .70 from now on

[09:50] {Threei}  invalidated for now

[09:52] {dino} chips moving, intc, txn

[09:53] {Threei}  what an unlikely stock to be nicely green... DRYS

[09:55] {Threei}  FAZ closing gap

[09:55] {Threei}  watching for bounce

[09:57] {dino} kndl l .60 risky

[09:58] {ese} am watchin that dino..... 

[09:59] {dino} sm that was

[10:00] {dino} stop to .47 kndl

[10:01] {Threei}  PALM is oblivious to the market

[10:02] {pita} missed FAZ bounce

[10:03] {Threei}  yeah, didn't really form anything safe enough for entry

[10:03] {dino} kndl to b/e

[10:04] {nemo} RIMM short?

[10:04] {Threei} Long Setup:  WFC  .30 break half lot

[10:04] {nemo} too fast

[10:04] {Threei}  use pullback

[10:05] {Threei}  frist strength from her

[10:05] {Threei}  if loses .15, leave it be

[10:05] {Threei}  stop under .15

[10:06] {dino} stop to .99 kndl

[10:06] {Threei}  no worky

[10:06] {jfjf64} invalid

[10:06] {dino} out .00, +.40

[10:06] {Threei}  FITB pulled back into decent entry zone

[10:06] {cosmo} CENX 3.28 hod

[10:07] {ese} yes

[10:07] {Threei}  WFC needs quick drop under 17

[10:07] {cosmo} no news cenx

[10:10] {ese} l fitb .245

[10:10] {Threei} Long Setup:  WFC  17.05 break if stays above 16.95

[10:11] {Threei}  invalidated

[10:11] {ese} out fitb .33 15000 of the little blighters

[10:11] {Threei}  good one ese

[10:11] {jfjf64} we will get it 31

[10:11] {nemo} FITBs ese's bitch lately

[10:12] {jfjf64} 3i

[10:12] {ese} tks

[10:12] {fernp} out FITB ty Vad was a decent zone

[10:12] {Threei}  :)

[10:12] {Threei}  lol WFC

[10:12] {Threei}  I know how to play it

[10:13] {jfjf64} k

[10:13] {Threei}  define setup, wait for it to get invalidated, buy under the original stop level

[10:13] {magoo} i took .05 vad

[10:14] {jfjf64} are ya in

[10:14] {dino} esi v sm l .50

[10:14] {Threei}  who?

[10:14] {magoo} i am

[10:15] {jfjf64} 3i   wfc??

[10:15] {Threei}  why would I?

[10:15] {Threei}  original setup was invalidated

[10:15] {jfjf64} ??sorry   

[10:16] {dino} kndl sm l .20

[10:16] {pita} discipline, discipline - message to self

[10:17] {Threei}  CAT nice pullback

[10:18] {Threei} Long Setup:  CAT  .15 if stays above 29.05

[10:18] {ese} vad would there ever be a time when financials act against FAZ....

[10:19] {Threei}  some particular ones could

[10:19] {Threei}  as a sector, no

[10:20] {elepet} good morning

[10:20] {Threei}  elepet :)

[10:22] {nemo} RIMM short?

[10:22] {Threei}  half lot

[10:22] {nemo} teasing us

[10:22] {Threei}  invalidated anyway

[10:23] {nemo} yep

[10:23] {Threei}  watch for new consolidation though

[10:23] {nemo} below .50

[10:23] {dptl} cat?

[10:23] {Threei}  don't know dp

[10:23] {dptl} ok

[10:24] {Threei}  maybe if reestablishes the range

[10:24] {Threei}  at least one more pullback

[10:24] {Threei}  holding above comfortable stop level, then break

[10:24] {ese} thinkin L faz here

[10:26] {ese} L faz .20

[10:26] {Threei}  no entry CAT still

[10:27] {nemo} what stop ese?

[10:27] {ese} .15

[10:27] {ese} l 2 lots

[10:28] {ese} break even now

[10:28] {Threei}  you have 1:3 here

[10:28] {ese} out faz .34 +.14

[10:28] {nemo} 20000 of the little buggers, huh ese?

[10:29] {ese} no not on this one...don't have that kind of nerve

[10:30] {Threei}  PALM lost its mind

[10:30] {ese} would sure like to see FITB around the 3.00 mark again

[10:31] {Threei}  sheesh CAT

[10:32] {larisa} bounced after doing 100% retrace

[10:33] {ese} nice bounce

[10:33] {Threei}  bounce zone was clear, but the dance they do before jumping up is making ewntry quite a challenge

[10:33] {ese} palm keeps on ticken as well

[10:34] {Threei}  WFC

[10:34] {nemo} RIMM teasing again

[10:37] {Threei}  FAZ pullback into bounce zone

[10:39] {Threei}  hate to be so vague but I have hard time nailing exact entries today

[10:40] {nemo} volumes pretty strong this morning

[10:40] {dino} welcome to my world

[10:40] {Threei}  things move in price areas rather than in preice levels

[10:41] {dino} xlf gap around 9.25 

[10:44] {ese} LFitb .30

[10:45] {Threei}  one more crazy thing: ARST

[10:46] {dino} what did you call me

[10:47] {nemo} ha....ha....ha....

[10:48] {dino} arst down big yesterday only thing i see

[10:48] {nemo} got a big kick in the arst...huh Dino?

[10:48] {ese} out Fitb .37

[10:49] {dino} :)

[10:50] {Threei}  remember photo op of prez wioth CAST CEO when they pushed stimulus through?

[10:50] {dino} hmmm ibm misses goes up, txn beats goes down

[10:50] {Threei}  CAT ceo

[10:50] {Threei}  look at this:

[10:50] {Threei}  CAT EXEC: US GOVT STIMULUS PROGRAM IS DISAPPOINTING AND "MISSED AN OPPORTUNITY

[10:51] {dino} because only 4% goes to infrastructure

[10:53] {Threei}  WFC is 60 cents up from the moment I gave very clear buy signal:

[10:53] {Threei}  [10:34] {Threei} WFC

[10:53] {Threei}  can I claim the credit?

06[10:53] * magoo slaps Threei around a bit with a large trout

[10:53] {nemo} NOPE

[10:53] {magoo} no u didnt take it

[10:53] {Threei}  sigh

[10:54] {magoo} out WFC here .43

[10:54] {Threei}  lol

[10:56] {nemo} Think RIMM will make up it's mind anytime soon?

[10:58] {Threei}  feels rather like rally in the making

[10:58] {vinod} Politician on TV with geithner trying to figure out 1+1=3 or=1.5

[10:59] {Threei}  lol

[10:59] {jfjf64} wfc  wow

[10:59] {Threei}  just pick anything but FAZ and buy

[10:59] {Threei}  BAC... WFC...

[11:00] {Threei}  TCK

[11:00] {Threei}  ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:00] {Threei}  hatled

[11:04] {Threei}  FAS green

[11:05] {Threei}  I identified trading skill I need to master

[11:05] {Threei}  throw the discipline out of the window and buy when I feel so

[11:06] {larisa} you do not need a skill for that :)

[11:06] {ese} we do but vad doesn't

[11:06] {Threei}  well, I have discipline ingrained so deeply, I really do :)

[11:07] {magoo} just throw out trades and keep stops boss

[11:08] {Threei}  and when tooo many of them get stopped, we hhave what we did yesterday

[11:08] {Threei}  not many are happy with that either

06[11:08] * magoo slaps Threei around a bit with a large trout

[11:08] {jfjf64} correct

[11:08] {vinod} trade out of frustration. The market punishes angry traders

[11:08] {magoo} snap out of it

[11:08] {magoo} wheres they russian bear i admire

[11:08] {Threei}  lol

[11:09] {magoo} risk IS our business

[11:09] {Threei}  APWR

[11:09] {Threei}  WINS TWO CONTRACTS TOTALING $75.3 MILLION FOR ANHUI WENERGY CO., LTD.''S BIOMASS-BASED MICRO-GRID ELECTRICITY GENERATION PROJECTS

[11:09] {Threei}  no

[11:09] {Threei}  managing risk is our business

06[11:09] * magoo slaps Threei around a bit with a large trout

[11:10] {magoo} your so licky i cant put in my own words

[11:10] {Threei}  and today just hasn't presented enough opportunities with manageable risk

[11:10] {Threei}  APWR

[11:10] {Threei}  wow

[11:10] {jfjf64} crazy

[11:15] {magoo} BAC crazy

[11:15] {dino} dino slaps vad around saying get w/it

[11:16] {Threei}  FITB goes back over 4 or what

[11:16] {nemo} in anything I grabbed a bagel?

[11:16] {Threei}  CAT

[11:16] {Threei}  CFO: CAT FINANCIAL HAS DONE A REMARKABLE JOB IN A TOUGH ENVIRONMENT, MAINTAINING LIQUIDITY WITHOUT NEEDING TO ISSUE MORE DEBT IN THE QUARTER; CALLS CAT FINANCIAL A "SIGNIFICANT ASSET" FOR THE COMPANY - CONF CALL

[11:16] {dino} kndl stop to .60

[11:17] {dino} patting himself on the back, cat

[11:17] {nemo} see RIMM jumpe while I was gone

[11:18] {nemo} What happened to TCK?

[11:18] {Threei}  [11:00] {Threei} TCK

[11:18] {Threei}  [11:00] {Threei} ANNOUNCES BRIDGE AND TERM LOAN EXTENSION OF $4.4B 2009 PAYMENTS DEFERRED

[11:18] {Threei}  [11:00] {Threei} hatled

[11:20] {dino} titn l .01

[11:22] {ese} still don't like the TRIN at 2.87...someone somewhere is selling like crazy......me thinks this market is going down tomorow

[11:22] {magoo} too far away es

[11:22] {ese} too true eh...

[11:23] {ese} as one of vads students....i should be disciplined for that remark

[11:24] {dino} kndl to .69

06[11:24] * nemo slaps ese around a bit with a large copy of MPP, TTR, and The Marquis DeSade

[11:25] {Threei}  I can't believe FITB

[11:25] {Threei}  I can't believe I missed whole rally today either

[11:25] {Threei}  I need a week in Tibet cave

[11:26] {magoo} with magoo

[11:27] {Threei}  sorry mags, I am as straight as they get

[11:27] {magoo} oh F

[11:27] {magoo} me too

[11:27] {nemo} how's you're ankle Mags?

[11:27] {magoo} baddddd

[11:27] {Threei}  I like you... but not that much

[11:27] {magoo} i dont even like yuo lol

[11:27] {Threei}  lol

[11:27] {Threei}  good one

[11:27] {dino} out kndl +.49

[11:27] {Threei}  can't blame you though, I don't like myself today either

[11:29] {Threei}  didn't see whole yesterday selloff as anything but shakeout, and said that; saw today opening as buying opportunity and said that; and all I came up with were those couple FITB scalps?

[11:33] {nemo} tck biing again @ 9.68

[11:33] {dino} plenty of day left vad

[11:35] {ese} signing off for about an hour....gotta teach a fun class...this is fun music is fun...it's a good life

[11:37] {dino} have fun

[11:41] {dptl} cenx?

[11:42] {Threei}  TCK open

[11:42] {dino} otex

[11:43] {Threei}  ugh... missed actual opening time

[11:43] {jfjf64} ??

[11:44] {nemo} [11:33] {nemo} tck biing again @ 9.68

[11:48] {pita} C&H on QQQQ?

[11:48] {Threei}  yes

[11:51] {dino} mygn 

[11:53] {Threei}  .65 is Qs break point

[11:54] {Threei}  but pullback is a bit too deep

[11:56] {vinod} you mean qqqq?

[11:57] {Threei}  yeah

[11:58] {pita} later all

[11:59] {Threei}  take care pita

[12:00] {Threei}  no news MYGN

[12:00] {Threei}  no idea what kills it

[12:03] {dino} sm l otex .12

[12:04] {Threei}  FAZ... 10.50 break is a short trigger

[12:04] {wulff} you like FAS break?

[12:04] {Threei}  which is yeah, FAS breakout trigger

[12:05] {Threei}  lunch time...

[12:07] {dptl} .68 stop for faz?

[12:08] {Threei}  above .65

[12:08] {dptl} in

[12:09] {Threei}  CAT CEO: DIVIDEND WILL ENDURE MORE DISCUSSION; WANTS TO KEEP DIVIDEND - CONF CALL

[12:10] {dino} cut coming

[12:10] {Threei}  lol

[12:10] {nemo} in reverse, Faz aove 60 long, FAS short?

[12:11] {nemo} above

[12:11] {Threei}  .65 is top of the range

[12:11] {Threei}  don't know really

[12:11] {nemo} oh yeah, plus lunch

[12:14] {dino} otex stop to .34

[12:19] {Threei}  meaningless 2 cents up, 2 cents down...

[12:19] {nemo} I think I'll go pet the horses

[12:21] {dino} otex to .52

[12:24] {dptl} anybody in faz still?

[12:24] {dawg} yes

[12:25] {Threei}  (US) FED'S STERN: WARNS THAT SOME SMALLER FIRMS CAUSE A SIGNIFICANT SYSTEMIC RISK, WOULD NOT BE IDENTIFIED BY A TEST BASED ON SIZE

[12:25] {Threei}  - Focusing on constraining the size of banks and financial firms could squander chances for reform

[12:25] {Threei}  will they ever shut up?

[12:26] {Threei}  none opf them said anything that resulted in something constructive, any single time

[12:27] {dptl} i am out .35 faz ty

[12:27] {dawg} out in full faz ty Vad

[12:27] {Threei}  welcome guys... entry at the upper end of the range would be best

[12:27] {dino} time will fix the problem, hands off is best 

[12:28] {Threei}  TCK is consolidating interestingly

[12:28] {dino} fstr

[12:29] {Threei}  worth a try IMO

[12:29] {Threei}  .75 break

[12:29] {Threei}  with stop under .65

[12:32] {dptl} in

[12:33] {magoo} innnnnnnnnnnnnnnnnnnnnn

[12:33] {nemo} in

[12:34] {dino} out otex .59, +.47

[12:35] {dino} apol sm l .50

[12:38] {ese} hi there...back

[12:40] {ese} everybody filthy stinking rick yet....hmmmmmmm....whats takin ya so long

[12:40] {ese} rich

[12:40] {Threei}  yes ese

[12:41] {Threei}  we took a page from your book

[12:41] {Threei}  and usurped your ATM

[12:41] {ese} lol

[12:41] {Threei}  scalped 2 billion shares on FITB 3 times from .78 to .83

[12:41] {magoo} and only 345,000 commission 

[12:41] {Threei}  shh mags... don't tell him the best part

[12:42] {ese} rotfl

[12:42] {Threei}  that we delegated commssions to him

[12:42] {Threei}  while keeping profits to ourselves

[12:42] {ese} alright...alright already.....

[12:42] {ese} too funny

[12:42] {magoo} forgot i was in tck lol

[12:43] {Threei}  President leaves the door open to prosecution Bush's admin offials

[12:44] {magoo} for what?

[12:44] {Threei}  I swear, this presidency is going to be so divisive, Bush and Cheney will look like two kissing doves of peace to us

[12:44] {Threei}  for torture magoo

[12:45] {magoo} its like mccarthyism

[12:45] {Threei}  not that I would be willing to go bhunting with Cheney, mind you

[12:45] {nemo} just stay behind him

[12:46] {dptl} still same stop for tck?

[12:47] {Threei}  it was so close to 1:1, I'd guess trailing to under .70 makes sense

[12:47] {dptl} ok ty

[12:49] {Threei}  FITB break of .80 - I really struggled with that call, and it danced in place fo so long

[12:49] {Threei}  then suddenly took off

[12:49] {Threei}  shrug

[12:50] {Threei}  TCK on the other hand, whicbh is much more mobile than FITB... goes nowhere

[12:50] {nemo} Big pop today, also challenging six month highs

[12:50] {nemo} Might be having a Wile E. moment

[12:51] {Threei}  FAS/FAZ...

[12:52] {Threei}  I really can't even define what reasonable is in this market

[12:52] {jfjf64} ?

[12:52] {magoo} WFC BAC highs STRONG

[12:52] {Threei}  find me one single person in the world who would expect FAS 2 dollars move off lows

[12:53] {Threei}  or FAZ 3 1/2 drop

[12:53] {nemo} may be snapback from the phony story on banks failing stress test yesterday

[12:54] {Threei}  I don't believe that story had much to do with drop

[12:54] {magoo} out TCK

[12:54] {magoo} cant take it lol

[12:54] {Threei}  it looked phony from the get-go and was largely dismissed as such by any serious source

[12:55] {Threei}  it just coincided with "normal" drop

[12:57] {dptl} stopped tck

[13:01] {ese} gotta figure the faz is gonna reverse some ...

[13:01] {Threei}  well

[13:01] {Threei}  question is:

[13:02] {Threei}  how do you tell whether it happens at -1, - 2 or -3 1/2 off the top?

[13:02] {Threei}  unless it forms decent setup

[13:02] {Threei}  which it doesn't

[13:02] {magoo} u ask magoo..he'll tell u  

[13:02] {Threei}  okay

[13:02] {Threei}  magoo?

[13:02] {dino}  out esi .60, +1.10

[13:02] {Threei}  where does FAZ reverse?

[13:02] {dino} nflx

[13:03] {magoo} but prob is i like financials long

[13:03] {ese} were you short dino

[13:04] {ese} wasn't here when you got in

[13:05] {dino} l from hours ago

[13:05] {KSystems} chinggis :) welcome

[13:05] {dino} 97.50 in

[13:05] {ese} nice

[13:05] {dino} had 2.50, blew it

[13:05] {ese} what kinda stop...trailing

[13:06] {dino} 100 shares only 3 buck

[13:06] {dino} gets to 96 area will hit again

[13:07] {Threei}  GOOG

[13:07] {Threei}  CFO: COMPANY HAS NOT CUT ANY OF ITS R&D SPENDING

[13:08] {magoo} hmmmmmmmmm

[13:09] {Threei}  market seem to be reversing to me

[13:09] {Threei}  watching WFC for short in .70 area

[13:10] {magoo} u read my mind

[13:10] {magoo} honestly

[13:11] {Threei}  if this is not a scary hought...

[13:11] {nemo} you two together in a cave...that's scary

[13:11] {Threei}  first weakness from here, with stop .80

[13:11] {magoo} futes pop

[13:12] {magoo} everythings moving higher carefu;l

[13:12] {Threei}  in .74

[13:13] {Threei}  stop is negligible

[13:13] {dptl} .73

[13:13] {nemo} for a short

[13:13] {dptl} .81?

[13:13] {nemo} boy's got stunads

[13:13] {Threei}  .81 - .82, yeah

[13:13] {magoo} short bacon .73

[13:14] {magoo} oops, bacon = bac

[13:15] {magoo} we call it bacon dino and i

[13:15] {Threei}  I knew there must have been someother weirdos out there, not just me

[13:16] {Threei}  ty for confirmation

[13:16] {magoo} u call it that?

[13:16] {Threei}  covering half .64

[13:16] {Threei}  scalpers take yor profit

[13:16] {magoo} iu that too

[13:16] {Threei}  and, as they say in the Bahamas, protect ya tings

[13:17] {dptl} half out

06[13:18] * Threei sends WFC a black mark in the envelope

[13:18] {dptl} out all .52 ty

[13:18] {Threei}  welcome

[13:18] {Threei}  gosh... first really easy play today

06[13:19] * Threei slaps magoo around a bit with a large roll of cash

[13:19] {vinod} ty great call wfc cover 0.55

[13:19] {Threei}  covering 1/4 more .50

[13:19] {Threei}  vinod :)

[13:19] {Threei}  got exactly what I wanted, bounce into upper BB envelop to short into

[13:20] {Threei}  out in full

[13:20] {vinod} i usually go in full and out full untill i get used too

[13:20] {Threei}  .44, +.30

[13:20] {Threei}  I do too whne I scalp

[13:20] {magoo} out .44 WFC

[13:20] {magoo} ty vad

[13:20] {Threei}  but this one was begging for bigger move

[13:20] {Threei}  welcome mags

[13:20] {magoo} still short bacon

[13:21] {magoo} ok..out bacon .65

[13:21] {Threei}  this is truly offensive for us, meat-eaters

[13:21] {Threei}  I suggest ban on BAC shorting

[13:21] {magoo} i know i know..i am in that group

[13:22] {magoo} never happen

[13:22] {Threei}  from now on, this room can only go long BAC

[13:22] {Threei}  you want short financial neame, pick any other

[13:24] {Threei}  come to think of it, that short entry was also double top with second one made on lower volume

[13:24] {Threei}  I didn't realize it at the time,

[13:24] {Threei}  mentioning now in educational purposes

[13:25] {larisa} I thought you played that pattern, what pattern you you used to get in ?

[13:26] {Threei}  establishing downtrend, bounce into upper BB channel without making new high

[13:26] {Threei}  that it coincided with double bottom became clear to me after the fact, lol

[13:26] {Threei}  sometimes I am slow

[13:27] {Threei}  first who jokes about "sometimes" gets trouted relentlessly

06[13:27] * Threei looks at magoo

06[13:27] * Threei looks at nemo

[13:27] {Threei}  okay then...

[13:28] {magoo} sometimes???

[13:28] {Threei}  too late... I holstered the trout already

[13:29] {Threei}  WFC

[13:29] {Threei}  upper BB is .60

06[13:29] * nemo slaps magoo around a bit with a large chatroom etiquette

06[13:29] * nemo slaps magoo around a bit with a large book of chatroom etiquette

[13:30] {Threei}  C

[13:30] {Threei}  - CEO Pandit: Govt has no active role in Citi's management (reminder: yesterday reports surfaced that the FDIC had discusssed replacement for Citigroup CEO)

[13:30] {Threei}  not since McCarthy times was gornment such a scarecrow

[13:31] {nemo} WFC short below .40?

[13:31] {Threei}  no

[13:31] {Threei}  I don't want to short breaks

[13:31] {Threei}  bounces if you can get good entry

[13:31] {Threei}  it's not an easy way bit much safer

[13:33] {Threei}  how about this?

[13:33] {Threei}  imagine getting caught in that spike

[13:34] {nemo} Yes...but I figured if it broke that support @ .40 it was good until support @ about .30 for a scalp.  I would have had to been fairly quick, which is not my modus operandi

[13:35] {nemo} TCK breaking down

[13:36] {Threei}  upper BB .60, high of previous bounce right there too

[13:36] {Threei}  let it bounce close, pause,

[13:36] {Threei}  if it doesn't make new high and start breaking down, short it

[13:36] {Threei}  while keeping an eye on FAZ

[13:36] {Threei}  to make sure it tunrs up

[13:36] {Threei}  your stop will be minimal

[13:37] {nemo} if it breaks .60 go long

[13:37] {Threei}  higher high, no go

[13:37] {nemo} broke .60

[13:37] {Threei}  nah

[13:37] {Threei}  no shorting doesn't necessary mean long

[13:38] {Threei}  FAZ

[13:38] {Threei}  watching for bounce

[13:39] {Threei}  missed

[13:40] {Threei}  pullback closer to 10 if we get lucky

[13:40] {Threei}  C

[13:40] {Threei}  CEO: WANTS TO RESTORE DIVIDEND AS FAST AS POSSIBLE

[13:40] {nemo} depends on how much more taxpayer money he can get

[13:40] {Threei}  in FAZ

[13:40] {Threei}  stop under 10

[13:41] {Threei}  no worky

[13:41] {magoo} BAC vad

[13:41] {magoo} .92

[13:41] {magoo} finnies too STRONG

[13:41] {Threei}  not sure where this spike is coming from, no news that I see

[13:45] {Threei}  sheesh

[13:45] {Threei}  that's not trading, that's shooting darts

[13:45] {magoo} really..double sheesh

[13:45] {nemo} while ducking incoming

[13:45] {Threei}  what the deuce was that

[13:45] {nemo} a deuce bag

[13:46] {magoo} allow me vad.............

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

06[13:46] * magoo slaps nemo around a bit with a large trout

[13:46] {Threei}  thank you

[13:46] {nemo} What took so long

[13:47] {magoo} this is a preschool site nemo

[13:47] {magoo} u ever see the baby on etrade?

[13:47] {Threei}  heh..two can play this game

[13:47] {magoo} vad stole him to laser

[13:47] {Threei}  took .98 on FAZ, out 10.10

[13:48] {Threei}  watch these teleportations

[13:48] {Threei}  there is a rythm to them

[13:48] {Threei}  they are scalpable

[13:49] {KSystems} faz? i bought it for a swing...

[13:49] {nemo} Vad interesting formation on TCK

[13:49] {Threei}  ?

[13:50] {nemo} Wedge up off that bottoming Bollinger band setup you like

[13:51] {nemo} Preschool?  When's nap time?

[13:51] {Threei}  way too narrow for that nemo

[13:53] {Threei}  anyone caught entry on FAZ this time?

[13:53] {Threei}  not something easy to call in time with these lightening moves

[13:53] {Threei}  you have to get the idea and catch it yourself

[13:54] {ese} signing off for the day   see ya tomorow

[13:54] {Threei}  should pullback now

[13:54] {Threei}  take care ese

[13:54] {magoo} buy ese

[13:54] {ese} see ya vad and thank you

[13:54] {ese} see ya mags

[13:54] {Threei}  welcome, even though I am not sure for what

[13:54] {Threei}  but hey... I am not the one to turn down heartfelt thank you

[13:55] {Threei}  here is my pullback

[13:55] {Threei}  a few cents more and bounce

[13:57] {Threei}  SEC'S SHAPIRO: SEC EXPLORING A PROPOSAL OVERY 'PAY TO PLAY' FUND RULES

[13:57] {Threei}  see the rythm?

[13:59] {Threei}  anyone got it??

[14:00] {Threei}  come on guys

[14:00] {magoo} i'm a white trader, i got no rythgm

[14:00] {nemo} me neither

[14:00] {dino} sm l nflx .50

[14:00] {magoo} cant jump either

[14:00] {nemo} although  TCK is up

06[14:00] * Threei slaps magoo around a bit with a large manuscript of political correctness

[14:00] {magoo} SEEEEEEEEE

[14:01] {magoo} reverse discrim

[14:01] {magoo} i cant even mention im white he he

[14:01] {nemo} Custodial engineer will be back at work again at the close

06[14:01] * Threei slaps magoo around a bit with a large affirmative action manual

[14:01] {magoo} or that i cant jump

[14:01] {nemo} Well...you broke your ankle, and your old

[14:02] {nemo} you're

[14:02] {Threei}  and overweight

[14:02] {magoo} holy crap, kickin magoo lol

[14:02] {nemo} pot calling the kettle black there

[14:02] {Threei}  hey, how often do we get a chance to kick a guy with broken ankle?

[14:02] {nemo} Me...often

[14:02] {Threei}  sorry, but we can't let such opportunity go

[14:03] {magoo} u know..i can accept that reasoning

[14:03] {nemo} understood...Can we make fun of his looks?

[14:03] {nemo} FAZ broke resistance

[14:04] {Threei}  feels to me FAZ is going to be ofgf to races very soon

[14:05] {Threei}  and market will be dropping some more

[14:09] {Threei}  FAZ entry is coming

[14:10] {Threei}  MYGN

[14:10] {Threei}  JP MORGAN MAKING POSITIVE COMMENTS - UPDATE

[14:12] {Threei}  in .15

[14:13] {Threei}  ugh... wanted to short WFC around .40

[14:13] {Threei}  no chance I guess

[14:13] {Threei}  half out FAZ

[14:14] {magoo} i took skf off call

[14:14] {Threei}  not too shabby

[14:15] {magoo} in 64.50

[14:15] {Threei}  [14:04] {Threei} feels to me FAZ is going to be off to races very soon

[14:15] {Threei}  I think I am getting my grip on the market back

[14:15] {jfjf64} yabba dabba fazz

[14:15] {magoo} and magoo interprets as..looky SKF

[14:15] {Threei}  why not... same thing...

[14:15] {Threei}  ballbreaker, nutcracker...

[14:16] {magoo} hmmmmmmmmm

[14:17] {Threei}  pullback is coming

[14:17] {nemo} in market or FAZ?

[14:17] {Threei}  FAZ should drop into .28 - .30 area

[14:17] {Threei}  in FAZ

[14:17] {Threei}  ounce for market

[14:17] {Threei}  bounce

[14:18] {Threei}  (JP) BANK OF JAPAN TO REPORTEDLY TRIM GDP FORECAST IN 2009 TO -5% TO -3% - NIKKEI NEWS

[14:18] {Threei}  - Reminder: last night a Govt source indicated that officials in Japan were to lowe their GDP forecast to -3%

[14:19] {Threei}  no pullback

[14:20] {vinod} coun't get in faz

[14:20] {magoo} out .70

[14:20] {magoo} + 1 something

[14:20] {Threei}  SKF?

[14:20] {Threei}  good one

[14:20] {magoo} yeah

[14:20] {magoo} [14:15] {magoo} i took skf off call

[14:20] {magoo} [14:15] {&Threei}  not too shabby

[14:20] {magoo} [14:16] {magoo} in 64.50

[14:20] {magoo} [14:16] {&Threei}  [14:04] 

[14:22] {dino} stopped nflx-.28

[14:24] {dptl} wfc short?

[14:25] {Threei}  feels to me yes

[14:25] {Threei}  and FAZ long

[14:25] {Threei}  exact entries is a headache to call

[14:25] {dptl} yeah

[14:26] {Threei}  sorry guys, this is kind of situation where all I can do is oputline general idea and now and then give you entries when I can

[14:26] {Threei}  doesn't happen often,

[14:26] {Threei}  normaslly I am very precise with entries stops and to certain degree exits

[14:27] {Threei}  but today is now it

[14:27] {Threei}  look

[14:27] {Threei}  what the heck just happened?

[14:28] {Threei}  today is NOT it I meanr

[14:28] {dino} nflx big rinse

[14:30] {Threei}  in FAZ .22

[14:30] {Threei}  stop under .10

[14:30] {vinod} infaz 10.14

[14:30] {Threei}  out

[14:30] {Threei}  shrug

[14:31] {vinod} i have stop at 10.00

[14:35] {vinod} stoped

[14:35] {Threei}  quite amazing waves

[14:40] {vinod} now it going to be 11.

[14:40] {vinod} since i am out

[14:41] {Threei}  or 9

[14:41] {Threei}  and you'll be very happy to be out

[14:41] {vinod} yes, it is part og play

[14:41] {vinod} of

[14:43] {nemo} pullback to .95 on FAZ?

[14:44] {nemo} nope

[14:44] {Threei}  can't tell

[14:48] {vinod} this is a phony rally by banks

[14:52] {Threei}  lol

[14:53] {nemo} what?

[14:55] {Threei}  these drops and spikes out of nowhere

[14:57] {dino} apol stop to .20

[15:01] {Threei}  WORLD BANK PRESIDENT: USD WILL REMAIN THE WORLD'S RESERVE CURRENCY

[15:01] {Threei}  heh

[15:01] {Threei}  who would have thought

[15:02] {dino} to .45b apol

[15:02] {dino} to .50

[15:03] {dino} out apol .50, +1.00

[15:05] {vinod} Threei  who would have thought -My Original purpose to come to US was to get some green

[15:06] {vinod} But they made me work for it

[15:07] {Threei}  lol

[15:07] {Threei}  look at FAZ

[15:07] {Threei}  glad you are out?

[15:08] {dino} intc l .15

[15:08] {vinod} you are correct it going to be at 9

[15:08] {cosmo} fas hod

[15:09] {Threei}  US) EPA: WAXMAN-MARKEY CLIMATE BILL WOULD HAVE A FAVORABLE ECONOMIC IMPACT, COULD PLAY A KEY ROLE IN ECONOMIC RECOVERY

[15:09] {Threei}  - Note that this bill is centered around a cap-and-trade system that is intended to reduce American greenhouse gas emissions to 20% below 2005 levels by 2020, and to 83% below 2005 levels by 2050.{

[15:09] {nemo} cap & trade is wealth transfer

[15:09] {nemo} not creation

[15:09] {cosmo} scam too

[15:10] {nemo} so it'll be a net negative because of transaction costs...idiots

[15:10] {Threei}  sigh

[15:10] {cosmo} it never got a stress test either

[15:12] {magoo} vad, we in anythiong?

[15:12] {Threei}  tes

[15:12] {Threei}  in shoskc and awe

[15:12] {Threei}  shock too

[15:13] {magoo} thiong?

[15:13] {Threei}  am I dyslexic...

[15:13] {magoo} in any thong? lol

[15:13] {nemo} hehehehehe

[15:13] {Threei}  I mean, diksleksic

[15:13] {nemo} dyspeptic

[15:18] {magoo} vad, u in any thong here?

[15:18] {Threei}  ummm

[15:19] {Threei}  this is second time today you make me question your orientation, mags...

[15:19] {dptl} lol

[15:19] {magoo} roflol

[15:19] {nemo} careful of your ankle mags

[15:20] {dino} intc to .27

[15:20] {nemo} fas short below .60? or FAZ long?

[15:20] {magoo} my ankle feels like when kathy bates did his ankle in in "misery"

[15:20] {dino} out intc .27, +.12

[15:23] {dino} come over here so i can kick it mapoo

[15:23] {magoo} ma poo??

[15:23] {nemo} His poo?

06[15:23] * magoo slaps dino around a bit with a large trout

06[15:23] * nemo slaps dino around a bit with a large roll of quilted Charmin

[15:24] {dino} lol

[15:25] {Threei}  strange day

[15:25] {cosmo} IYR daily

[15:25] {Threei}  first, my read on the market seems to oscillate today

[15:25] {Threei}  comes back and fades away, time and again

[15:25] {Threei}  second, you guys are beyond strange today

[15:25] {Threei}  but that's fine... oddly enough, I find it comforting

[15:26] {dino} wicked moves today

[15:26] {nemo} pot callin' kettle black again Vader

[15:26] {Threei}  I guess, lol

[15:26] {Threei}  wicked is right

[15:26] {magoo} i have not been myself today he he

[15:26] {Threei}  who would have believed in themorning if told what FAS/FAZ were going to do

[15:27] {dino} lots of stocks down 4-10 bucks, i call that wicked

[15:27] {Threei}  mags... I don't know if that's good or bad, honeslty

[15:28] {nemo} Dino look at stats on FINVIZ.com?

[15:29] {dino} i don't know what to look at, busy

[15:30] {Threei}  UAUA CEO: NO INDICATIONS YET THAT TRAVEL HAS BOTTOMED; DIFFICULT TO FORECAST A BOTTOM

[15:31] {nemo} top of page volumes on NAS below average, average for S&P 120% for dow.  71% advancing 74% above 20 day 80% above 50 day

[15:31] {dino} ok, thx

[15:31] {magoo} i took 100 sh skf long .70

[15:32] {magoo} risky

[15:32] {magoo} would luv multi points

[15:32] {Threei}  100 shares?

[15:32] {Threei}  magoo is replaced by alien today

[15:32] {magoo} lil more..dont want hurt anyobne

[15:32] {nemo} it's the drugs

[15:32] {nemo} his ankle

[15:33] {Threei}  he trades 100 shares, he is gayishif not just gay...

[15:33] {nemo} mmmmmhhhhh....didn't somebody scold somebody about political correctness today

[15:34] {Threei}  I changed my mind

[15:34] {magoo} I AM NOT GAY..AND I AM NOT POLITICALLY CORRECT}}SO DONT GET ME GOINMG HE HE

[15:34] {Threei}  I watched thes story about miss california on TV

[15:34] {nemo} your bat your ball your park

[15:34] {Threei}  I don't want to be politically correct anymore

[15:34] {Threei}  (not that I ever did, lol)

[15:35] {nemo} yeah...at least they don't have a Lubyanka in Canada...I think???

[15:35] {magoo} fcreakin SKF..whenever im niot in it goes like 30 points

[15:35] {Threei}  girl said what she thought, wasn't offensive, wasn't exclusive or dismssive

[15:35] {magoo} when in it blows

[15:35] {Threei}  and got pillored

[15:39] {magoo} no work

[15:41] {dino} txn stop to .05

[15:41] {Threei}  we got inside day today

[15:41] {dino} stopped +.30

[15:42] {Threei}  which means, anyone's guess what happens next

[15:42] {Threei}  my personal bias wise: I stay with idea of rally continuation after the pullback until proven otherwise

[15:42] {magoo} out SKF .19

[15:43] {magoo} + but not my 30 points:(

[15:43] {cosmo} BRCM hod test soon

[15:43] {cosmo} 20.39

[15:43] {Threei}  volume on NASDAQ is a bit higher than yesterday

[15:43] {dino} gaps above and below

[15:44] {Threei}  right

[15:44] {Threei}  inside dsay will do that

[15:44] {Threei}  leaves a lot of ucertainety

[15:44] {Threei}  only typed better

[15:45] {dino} fri close gaps up, no gaps today

[15:45] {dino} needed 825 gap to fill, just missed

[15:48] {magoo} MS reports tomorrow morn  vad

[15:48] {magoo} aapl tomorrow after bell

[15:48] {nemo} boy cable here in the backwoods of Maine really SUCKS!!!

[15:48] {dino} t prior

[15:49] {dino} buy dvd's

[15:49] {Threei}  and WFC

[15:49] {nemo} Internet connection

[15:49] {Threei}  lol

[15:49] {magoo} OYYYYYY

[15:50] {dino} then get cnbc dvd

[15:50] {cosmo} brcm gappa?

[15:50] {dino} pretty much same show every day

[15:50] {dino} c'mon titn, pappa needs some new shoes

[15:52] {nemo} did I miss anything between :38 and :48?

[15:53] {magoo} GS should 120..RISKY

[15:53] {magoo} in .,20

[15:53] {Threei}  no nemo

[15:54] {nemo} kewl

[15:54] {Threei}  today went not overly active but profitable

[15:54] {Threei}  and I really don't want to spoil it during these chaotic jumps

[15:54] {Threei}  one must know ones limitations

[15:54] {Threei}  and one has magoo to remind of them if one forgets

[15:55] {magoo} oh yea..look GS

[15:56] {Threei}  mama mia, FAZ

[15:56] {Threei}  -3 from the top

[15:56] {magoo} 120

[15:56] {Threei}  you would expect this kind of magnitude from $40 stock, not from under $10

[15:56] {dptl} have a good evening all

[15:57] {magoo} [15:54] {magoo} GS should 120..RISKY

[15:57] {nemo} hey MAGS you clear GS?

[15:57] {magoo} [15:54] {magoo} in .,20

[15:57] {magoo} [15:54] {&Threei}  no nemo

[15:57] {Threei}  take care dp

[15:57] {magoo} cut yes

[15:57] {magoo} get OUT

[15:57] {magoo} dso not hold

[15:58] {magoo} will gap at close CAREFUL

[15:58] {Threei}  hold?

[15:58] {Threei}  no way

[15:59] {magoo} nemo??

[15:59] {Threei}  MS reporting... WFC reporting...

[15:59] {Threei}  generaly earnings season

[15:59] {nemo} WFC on THursday I think

[15:59] {Threei}  FITB

[15:59] {Threei}  COMFORTABLE WITH CAPITAL LEVELS - FILING

[15:59] {magoo} u take GS nemo? u OUT??

[15:59] {Threei}  I show tomorrow morning

[16:00] {Threei}  SEES CAPITAL LEVELS EXCEEDING TARGETS IN THE NEAR TERM - ANNUAL MEETING SLIDES

[16:00] {magoo} yup vad

[16:00] {nemo} no

[16:00] {Threei}  okay guys

[16:00] {magoo} scared me bro

[16:00] {Threei}  thank you all, have a good evening

[16:00] {Threei}  see you tomorrow

[16:00] {magoo} please respond next time or i slap ya

[16:01] {magoo} vad WAIT

[16:01] {nemo} who me?  I was down for 10 minutes?

[16:01] {Threei}  what?

06[16:01] * magoo slaps Threei around a bit with a large trout

[16:01] {Threei}  oh that

[16:01] {fernp} good day here.  See you all tomorrow. Good evening

[16:01] {Threei}  good to hear fern

[16:01] {Threei}  magoo

[16:01] {magoo} good recove fern

06[16:01] * nemo kneecaps mags with a 2x4

[16:01] {jfjf64} good day all

[16:01] {nemo} now your ankle won't hurt

06[16:02] * Threei slaps magoo around a bit with a large holster containing trout inside

06[16:02] * nemo throws a handful of trout eggs at magoo

[16:02] {nemo} Vad...we'll have to move up to bigger fish...sturgeon next

[16:03] {Threei}  more stink too

[16:03] {nemo} caviar though

[16:03] {Threei}  true

[16:03] {nemo} can't whack mags with that!

Apr 20 2009

Not a stellar day. A few nice plays on DNDN, RIMM, CAT were outnumbered but small but a few too many stops. Not deep but in red.

Session Time: Mon Apr 20 00:00:00 2009

[07:51] {Threei}  DNDN

[07:51] {Threei}  LAZARD RAISED DNDN TO BUY FROM HOLD, PRICE TARGET: $25

[07:52] {Threei}  04/19/09 10:01am

[07:52] {Threei}  [DNDN] Dendreon Corp Presents Phase III data on Provenge potency and immune responses in prostate cancer

[07:52] {Threei}  - Co presented today data from its PROTECT (PROvenge Treatment and Early Cancer Treatment) or P-11 Phase 3 study suggesting that PROVENGE (sipuleucel-T) induces long-term memory immune responses that are durable and can be maintained following boosting.

[07:54] {Threei}  JAVA

[07:54] {Threei}  ORACLE BUYS SUN MICROSYSTEMS FOR $9.50/SHR IN CASH, DEAL VALUED AT $7.4B (LAST $6.69)

[07:55] {Threei}  04/20/09 07:00am

[07:55] {Threei}  [BAC] Bank of America Corp Reports Q1 $0.44 v $0.04e, R $35.8B v $27.1Be

[07:55] {Threei}  - Provision for credit losses $13.38B v $8.53B q/q, $6.01B y/y

[07:55] {Threei}  - Q1 Credit extended $183.1B v $180.8B q/q

[07:55] {Threei}  - Q1 ROE 7.10% v -6.68% q/q

[07:55] {Threei}  --Q1 ROA 0.68% v -0.37% q/q

[07:55] {Threei}  - Q1 Tier 1 ratio 10.09% v 7.51% y/y

[07:55] {Threei}  - Q1 Provision for credit losses $13.4B v $8.53B q/q

[07:55] {Threei}  - Q1 Net charge-offs $6.94B v $5.54B q/q

[07:55] {Threei}  - Q1 Total managed net losses $9.12B v $22.9B q/q

[07:55] {Threei}  - Q1 Nonperforming assets $25.7B v $18.2B q/q

[07:56] {Threei}  - Q1 Global Banking Rev $4.64B v $3.86B y/y, Efficiency ratio 54.11% v 45.13% y/y

[07:56] {Threei}  - Q1 Global Markets $6.79B v -$848M y/y, Efficiency ratio 45.04%

[07:56] {Threei}  - Q1 Global Wealth and Investment Management Unit Rev $4.36B v $1.98B q/q, Efficiency ratio 75.41% v 53.77% q/q

[07:56] {Threei}  - Q1 Deposits Rev $3.46B v $4.15B y/y, Efficiency ratio 68.2% v 53.37% y/y

[07:56] {Threei}  - Q1 Global Card Services $7.46B v $7.87B y/y, Efficiency ratio 27.83% v 27.95% y/y

[07:56] {Threei}  - Q1 Home Loans & Insurance $5.22B v $1.37B y/y, Efficiency ratio 50.73% v 52.66% y/y

[07:56] {Threei}  04/19/09 10:43pm

[07:56] {Threei}  [BAC] Bank of America Corp Longtime shareholder, Eliasberg family, is losing faith in the firm and CEO Lewis - NYT

[07:56] {Threei}  - Eliasberg owns a "substantial" number of Bank of America shares for an individual.

[07:56] {Threei}  - Note: On Friday's session, proxy advisory firm Glass Lewis recommended that shareholders vote against the re-election of CEO Lewis at April 29 annual meeting - CNBC

[08:35] {nemo} anything on F this morning yet?

[08:35] {fernp} Hello everybody

[08:36] {Threei}  fern :)

[08:36] {Threei}  04/20/09 04:39am

[08:36] {Threei}  [F] Ford Motor Co Chinese sales to be comparable or better than industry rivals in 2009

[08:36] {Threei}  - Have seen sales accelerate following the end of Q1

[08:38] {Threei}  04/19/09 09:43pm

[08:38] {Threei}  (US) White House Chief of Staff Emanuel: The administration plans to put in place new energy legislation by the end of the year, with stated goal to include provision for climate change

[08:38] {Threei}  - Comments made on ABC's "This Week with George Stephanopoulos."

[08:38] {Threei}  - House Energy and Commerce Committee to commence hearings on proposed legislation limiting greenhouse gas emissions as early as this week. Proposed legislation could then require acquisition of permits to release carbon into the atmosphere.

[08:38] {Threei}  - Energy and Commerce Committee Chairman Waxman requested that a bill, including measures addressing energy efficiency and development of related technology, would pass through the committe by late May before the House vote later in 2009.

[08:38] {Threei}  - Senate Majority Leader Reid is calling for cap-and-trade legislation by mid-2009

[08:38] {Threei}  - Note, earlier last week, EPA announced it plans to proceed with regulation of carbon dioxide, holding polluters accountable under Clean Air Act

[08:38] {Threei}  - On Mar. 5th, House Majority Leader Hoyer noted that Congress could pass a climate-change bill by late May

[08:38] {dptl} good morning

[08:39] {Threei}  dp :)

[08:53] {pita} gm everyone

[08:53] {Threei}  pita :)

[08:53] {cosmo} but ... but, CO2 is a neutrient

[08:53] {cosmo} to life on earth

[08:53] {Threei}  so what

[08:53] {Threei}  politicians said it's bad

[08:53] {cosmo} it stinks

[08:54] {cosmo} not CO2 tho

[08:54] {cosmo} i think they still think its CO ... hmph

[08:55] {cosmo} climate changes happens ...sheesh

[08:56] {Threei}  don't fight it cosmo... they decided we have to pay, and that's that

[08:57] {cosmo} just don't take away my 1986 honda

[08:57] {cosmo} its a classic

[08:58] {Raven} Washington will soon make you junk that sucker cosmo and they will pay you $5K to do that

[08:58] {cosmo} ughhh

[08:58] {Raven} yes ... your classic will be crushed into a square package

[08:59] {cosmo} i do 5K in maintenence ...give me a break

[08:59] {Raven} they will not care ... the Honda is history

[08:59] {Threei}  and in the process of destruction it will release more C)2 than it would during its entire life

[08:59] {cosmo} they know that

[09:00] {Raven} cosmo will have to take anxiety drugs

[09:00] {cosmo} you mean... more?

[09:01] {Raven} stronger dose maybe

[09:01] {cosmo} but i'm maxed out

[09:01] {Raven} that is trouble then

[09:01] {cosmo} sigh .... need coffee....brb

[09:01] {Raven} lol

[09:02] {ese} good morning

[09:02] {Threei}  ese :)

[09:03] {magoo} morning

[09:03] {Threei}  magoo :)

[09:04] {magoo} we got to make $$ early today vad so i can go to hospital 

[09:05] {Threei}  great

[09:05] {Threei}  I'll be back tomorrow

[09:05] {larisa} good morning :)

[09:05] {Threei}  larisa :})

[09:06] {larisa} threei :)

[09:06] {ese} hospital?

[09:07] {cosmo} PALM pre mkt spike high = 10.49   fwiw

[09:08] {Threei}  06:12am [PALM] BofA/Merrill Lynch Raised PALM to Buy from Neutral, price target: $14

[09:08] {Threei}  04/17/09 07:29am [PALM] Morgan Joseph Cuts PALM to Hold from Buy, price target: $10more.. - on valuation

[09:08] {Threei}  make your pick

[09:08] {cosmo} 10

[09:09] {magoo} [09:07] {ese} hospital?

[09:09] {magoo} yeah, here on crutches, may have broke ancle motocross racing with son yesterday 

[09:09] {Threei}  ouch

[09:10] {ese} ya .....i'm visiting vad at vic general tonight?

[09:10] {Threei}  me?

[09:10] {ese} oh oh oh....sorry it's mags in the hospital....appologies

[09:11] {ese} don't know if I can geth there mags

[09:11] {ese} faz....great looking daily chart

[09:12] {Threei}  FAZ formed 9.80 resistance so far

[09:12] {Threei}  it's also the high of Fri

[09:12] {Threei}  JPM 32.10 support to break

[09:12] {ese} if it gets past 10 vad......ouuuuuuuu  sky could be the limit

[09:13] {Threei}  if you want premarket gamble, mags, here are two

[09:13] {Threei}  JPM can snapback harshly

[09:14] {Threei}  thin trading

[09:14] {ese} java up huge also.....news?

[09:14] {Threei}  ORCL bought it for 9.50

[09:14] {ese} ahhhh

[09:15] {wulff} [=======]

[09:15] {Threei}  I'll take it as "good morning"

[09:16] {Threei}  DNDN will probably be a hot battlefield again

[09:16] {jfjf64} mornin all

[09:17] {Threei}  jf :)

[09:21] {dino} gm all

[09:21] {Threei}  dino :)

[09:21] {Threei}  06:46am [LVS] JPMorgan Raised LVS to Overweight from Neutral, price target: $8

[09:24] {vinod} gm to all

[09:24] {Threei}  vinod :)

[09:25] {Threei}  US TREASURY SPOKESMAN: WE DO NOT HAVE RESULTS FOR THE STRESS TESTS YET

[09:29] {magoo} vad, wheres goio entry FAZ u think?

[09:29] {Threei}  I said earlier, .80 break

[09:29] {Threei}  now gotta wait for pullback or new consolidation

[09:30] {magoo} ok

[09:30] {magoo} cut me some slack

[09:30] {magoo} pain

[09:32] {Threei}  same for JPM... 32.10 was short trigger

[09:32] {magoo} yup

[09:32] {magoo} nice calls

[09:33] {ese} missed faz.....

[09:33] {Threei} Long Setup:  DNDN  .85 half lot

[09:33] {Threei}  stop under .70

[09:33] {Threei}  very risky

[09:34] {dptl} in

[09:34] {magoo} in 

[09:34] {Threei}  1:1

[09:34] {magoo} out .02 TY

[09:34] {magoo} full lot

[09:34] {Threei}  1:2, out

[09:35] {Threei}  scary thing

[09:35] {jfjf64} out ty

[09:35] {jfjf64} scary

[09:35] {Threei}  that's why half lot call

[09:35] {Threei}  for al but magoo {G}

[09:35] {dptl} out .03 ty

[09:35] {magoo} u want scary..take1k GS lol

[09:36] {magoo} DONT

[09:36] {Threei}  lol

[09:37] {Threei}  NTAP

[09:37] {Threei}  TICKING HIGHER AS CNBC GUEST SPECULATES ON COMAPNY'S PROSPECTS AS AN ACQUISITION TARGET AFTER RECENT JAVA/ORCL DEAL ANNOUNCEMENT

[09:37] {magoo} everyone expects and wants a pullbk in mkts...what would kill the most? a rally to green

[09:38] {Threei}  DNDN... sheesh

[09:38] {Threei}  BAC EXECUTIVE: REITERATES THAT MERRILL AND COUNTRYWIDE ADDED TO Q1 RESULTS -SLDIE PRESENTATION

[09:38] {ese} faz pulling back

[09:42] {Threei} Long Setup:  LVS  .20 break

[09:42] {dptl} in

[09:43] {dptl} stop under .10?

[09:43] {Threei}  stop for hardcore scalpers .14, for day trade under .10

[09:44] {ese} L faz .18

[09:44] {Threei}  no worky

[09:45] {dptl} stopped

[09:45] {Threei} Long Setup:  DNDN  .65 if stays above .50

[09:47] {dptl} in

[09:47] {magoo} in

[09:48] {ese} L faz again avg .22

[09:48] {Threei}  over 1:1

[09:49] {magoo} out .80 FL

[09:49] {magoo} ty 

[09:49] {dptl} ah out .75 ty

[09:50] {jfjf64} out.78 ty

[09:50] {wulff} out .79

[09:51] {magoo} hit-n-run day boyz :)

[09:52] {Threei}  and who is to know better than a guy on the crutches {G}

[09:52] {Threei}  MSF CEO: VERY SURPRISED BY ORACLE/SUN ANNOUNCEMENT

[09:52] {Threei}  {JAVA CSCO}

[09:52] {magoo} half way there vad

[09:53] {ese} out FAZ .34 +.12

[09:54] {Threei}  GE...

[09:54] {Threei}  looks like time to start looking for bounce

[09:54] {Threei}  .65 long if stays above .60

[09:55] {nemo} that sucked

[09:55] {Threei}  ?

[09:55] {nemo} let's just say the broadband connections in Maine are neither robust nor dependable

[09:56] {ese} wonder whats driving faz....technical?

[09:56] {Threei}  all finnies are very weak

[09:56] {Threei}  BAC report is not being perceived well

[09:56] {ese} dino what are you looking at...

[09:58] {dino} axys, rimm

[09:58] {dino} l ,25 intc

[09:58] {dino} titn

[09:58] {dino} vivo

[09:59] {dptl} still valid ge?

[09:59] {ese} short rimm around 66.60

[09:59] {dino} wtg

[09:59] {Threei}  I think so

[09:59] {dino} i want bounce, but gap way under

[09:59] {dptl} oh in .66

[10:00] {Threei}  *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:00] {ese} no....i haven't shortted rimm yet was thinking around 66.60 on a bounce

[10:00] {magoo} DNDN

[10:00] {dino} schw around 16.65

[10:00] {Threei}  CITI ANALYST NOTES JP MORGAN IS WELL POSITIONED TO PASS GOVERNMENT STRESS TESTS, DOES NOT SEE ANY NEED FOR FIRM TO RAISE MORE CAPITAL

[10:01] {dptl} stopped ge

[10:01] {dino} next jpm will say same about citi

[10:02] {Threei}  lol

[10:03] {Threei}  ummmm

[10:03] {Threei}  FED'S BERNANKE: GLOBAL ECONOMY CONTINUES TO EXPERIENCE UNUSUAL TRUBULANCE

[10:03] {Threei}  unusual?

[10:03] {Threei}  you don't say

[10:05] {ese} unusual turbulence??.....as opped to usual turbulence

[10:05] {Threei} Long Setup:  BAC  .30 break

[10:06] {ese} scary....this guy is in charge of the bigest economy in the world.....

[10:06] {Threei}  offer half just above .40, scalpers take profit

[10:06] {magoo} in bac

[10:06] {ese} missed it

[10:07] {nemo} yeah

[10:07] {dptl} missed

[10:07] {Threei}  DNDN... much as I hate to buy breaks on it, 20 looks very tempting

[10:08] {magoo} in 98

[10:09] {nemo} blew by my .01

[10:09] {nemo} BAC still good for entry?

[10:09] {magoo} out dndn TY vad

[10:09] {Threei}  see where it bottoms out on this pullback,

[10:10] {Threei}  buy recross of .30

[10:10] {nemo} yes

[10:10] {Threei}  good timing on DNDN exit mags

[10:10] {magoo} yeah..not bad for being doped up

[10:11] {dino} just say "no" magoo

[10:12] {Threei}  lol

[10:12] {ese} NILE dino

[10:14] {nemo} short bac on break of low?

[10:14] {Threei}  nah

[10:15] {Threei}  long is not working

[10:15] {Threei}  but short is very dicey

[10:15] {Threei}  BAC CEO: LOOKING ACROSS ALL BUSINESS UNITS FOR POSSIBLE DIVESTITURES; FIRST REPUBLIC IN PROCESS AT THE MOMENT - CONF CALL

[10:15] {Threei}  sheesh, conference call in progress

[10:15] {Threei}  leave it alone

[10:17] {Threei}  AMZN

[10:18] {Threei}  bounce must be close

[10:18] {ese} I don't understand what FAZ is......what does it represent

[10:18] {Threei} Long Setup:  AMZN  .50 break if stays above .30

[10:18] {Threei}  this is triple short of financial sector ese

[10:19] {Threei}  buying it you go short on finnies

[10:19] {ese} so it functions like QID ...opposite market

[10:19] {dptl} in amzn

[10:19] {Threei}  yes, only in financial secotr, not whole market

[10:19] {ese} tks ..got it

[10:21] {Threei}  market still hasn't stabilized

[10:21] {dptl} geez stopped amzn

[10:23] {dptl} was so fast -.33

[10:23] {nemo} relative volume is way up there so far

[10:25] {dino} axys sm l .15

[10:27] {nemo} Leading Economic Indicators Index in U.S. Fell 0.3% in March 

[10:27] {Threei}  [10:00] {Threei} *MAR LEADING INDICATORS: -0.3% V -0.2%E

[10:27] {nemo} computer problems

[10:29] {dino} ofix sm l .95

[10:30] {ese} L QID .98

[10:31] {Threei}  BAC CEO: COMPANY ABSOLUTELY DOES NOT NEED MORE CAPITAL

[10:32] {Threei}  market: we absolutely are not convinced

[10:33] {ese} out QID ..05 +.07

[10:33] {Threei}  anyone see any news on SCON?

[10:34] {ese} not I

[10:36] {cosmo} http://finance.yahoo.com/news/American-Superconductor-bw-14968727.html?.v=1

[10:37] {cosmo} ....sympathy

[10:37] {Threei}  that's some sympathy

[10:38] {cosmo} a stretch

[10:39] {cosmo} Department of Energy will award about $4 billion in grants under the stimulus package to improve the nation's electric grid.

[10:40] {dino} sm wide wynn l .49

06[10:41] * magoo slaps laserdave around a bit with a large trout

[10:43] {Threei}  why does MS defy gravity?

[10:44] {jfjf64} crazy

[10:44] {dino} titn sm l .08

[10:45] {Threei}  not anymore

[10:45] {jfjf64} lol

[10:46] {pita} will BAC bounde off 9?

[10:49] {Threei}  feels to me like bottom is close

[10:49] {Threei}  for everything - finnies and market

[10:49] {Threei}  and overrall... this whole drop has a taste of engineering

[10:50] {nemo} Plunge Production Team?

[10:50] {dino} well you are one by trade

[10:50] {dino} no, its options exp hangover from fri

[10:50] {nemo} oh...dino's going for your title vad

[10:57] {magoo} bounce time AAPL RIMM AMZN vad?

[10:57] {magoo} DNDN?

[10:57] {Threei}  don't puish mags

[10:57] {Threei}  I don't know

[11:02] {Threei} Long Setup:  CAT  .60 break if stays above .50

[11:04] -} *chanserv* ACCESS #floor ADD _rook 1

[11:04] {dptl} in

[11:04] {nemo} in

[11:05] {magoo} in

[11:06] {dptl} half out

[11:07] {nemo} half out

[11:07] {Threei}  1:1

[11:07] {jfjf64} out

[11:07] {magoo} im thinking .8area9

[11:08] {magoo} .80 area

[11:08] {ese} Lfaz .45

[11:09] {dptl} out more .79

[11:09] {nemo} out .79

[11:10] {Threei}  1:2

[11:11] {dptl} all out .87 ty

[11:11] {Threei}  welcome, well played

[11:11] {ese} out faz .50 +.05

[11:11] {dptl} +.10 +.19 +.27

[11:13] {dino} strange, big drop and sits

[11:14] {dino} gj guys

[11:15] {magoo} waiting .97

[11:15] {magoo} greeddy i guess

[11:15] {wulff} bad kitty

[11:15] {ese} should be bounce time aapl......i'm with ya mags

[11:17] {dino} vivo l .55, stop lod

[11:18] {Threei} Long Setup:  RIMM  .55 break

[11:18] {Threei}  if stays above .40

[11:18] {wulff} still feel a rally coming

[11:18] {Threei}  me too

[11:19] {Threei}  timing is not easy

[11:19] {Threei}  but gotta try

[11:19] {ese} thats what i'm thinkin for rimm vad

[11:19] {magoo} in rimm

[11:20] {dptl} in rimm .58

[11:20] {nemo} missed

[11:20] {Threei}  if this is it, RIMM 66 should be easy

[11:20] {ese} l rimm

[11:20] {ese} .43

[11:21] {nemo} in rimm

[11:21] {magoo} just do not rinse us mother mrk

[11:21] {magoo} market

[11:22] {ese} 2nd that

[11:22] {Threei}  would like to see now .50 holding, .65 - .70 zone taken

[11:23] {magoo} kickin CAT

[11:23] {dptl} out some .70

[11:23] {Threei}  and next spike should take us into .80 - .85 zone

[11:23] {ese} out rimm .66 =}23

[11:23] {ese} +.23

[11:25] {magoo} changing cat exit 31.07

[11:25] {dino} gj

[11:25] {nemo} half out rimm .72

[11:25] {Threei}  half out RIMM .76

[11:26] {nemo} where stop .56?

[11:26] {magoo} out CAT .93 changed monid TY

[11:26] {Threei}  .54 for me

[11:26] {Threei}  welcome mags

[11:30] {nemo} out rimm

[11:31] {dptl} out last rimm

[11:32] {ese} whoaaa it wasn't rimm i was in it was apple.......might be time to stop trading today

[11:32] {Threei}  lol ese

[11:32] {nemo} wow ese

[11:33] {ese} didn't see the symbol, just the pattern.....thought it was rimm

[11:33] {Threei}  as long as you make money...

[11:33] {ese} I did

[11:33] {nemo} trading in zen,,,subconscious trading

[11:34] {magoo} out rimm .69 TY vad

[11:34] {Threei}  ese gives new meaning to "kicking a$$ and taking names"

[11:34] {ese} bizzare ...was looking at order confirmations and went....where the hell is rimm....weird

[11:34] {dino} nice

[11:34] {magoo} fell out of chaird

[11:34] {magoo} layte post

[11:38] {nemo} RIMMM seting up again?

[11:38] {Threei}  not sure

[11:38] {Threei}  no conviction yet

[11:38] {jfjf64} lk that

[11:38] {nemo} me neither, that's why I asked?  .ooks like NDX might be picking up

[11:39] {Threei}  you guys make me feel better about my typing today

[11:39] {Threei}  last 5 lines, not a single one of them is typed without mistakes {G}

[11:41] {dptl} cat?

[11:41] {Threei}  chart is too perfect...

[11:42] {Threei}  10 cents risk... try break if you are fine with that

[11:42] {Threei}  but honestly...

[11:42] {Threei}  it feels like a trap

[11:43] {dino}  caught in a trap, can't get out

[11:43] {dptl} ok ty ....i'll leave it :)

[11:43] {jfjf64} bg trap

[11:43] {dino} ofix stopped -.22

[11:43] {Threei}  how about that?

[11:43] {Threei}  hit the wall with its forehead

[11:43] {dptl} yep

[11:43] {dino} evil baby

[11:44] {dino} oppsd elvis

[11:44] {Threei}  fell and can't get up

[11:44] {Threei}  stopes are flushed out, will bounce soon

[11:45] {Threei}  can't find exact entry for now

[11:45] {Threei}  either it just jumps back up with no indications anmd we miss it

[11:45] {Threei}  or it forms a little range for us

[11:46] {ese} L aapl .38

[11:46] {Threei}  ok... .76 long if holding above .70

[11:46] {Threei}  for scalpers olnly

[11:47] {magoo} wow DNDN clubbed

[11:47] {pita} RIMM?

[11:47] {dino} do not do not=dndn

[11:48] {dptl} in cat .76

[11:48] {Threei}  don't know pita, no read on RIMM here

[11:49] {pita} missed the thread - .76 long what?

[11:49] {nemo} stopped cat

[11:49] {Threei}  stopped anyway

[11:49] {pita} k

[11:49] {Threei}  so you are fortunate to have missed it

[11:49] {dptl} stopped

[11:49] {pita} :)

[11:49] {Threei}  DNDN is a widowmaker

[11:50] {Threei}  good thing we got our plays early on it

[11:50] {dptl} -.08

[11:50] {dino} ctrp

[11:53] {ese} out aapl .66 + .28

[11:54] {Threei}  eeck

[11:54] {nemo} grrrrrr cat

[11:54] {Threei}  shakeout

[11:54] {dptl} yep

[11:59] {Threei}  CME

[11:59] {Threei}  SUSPENDS ENERGY AND METALS TRADING ON GLOBEX DUE TO TECHNICAL ISSUES, NYMEX FLOOR ACTIVITY IS NORMAL - CNBC

[12:01] {ese} vad would you say that that big volume spike in the qqqq is a botom or reversal

[12:01] {Threei}  neither

[12:01] {Threei}  it doesn't have much significance

[12:02] {ese} pour quo?

[12:02] {Threei}  could be anything really

[12:02] {ese} ok was thinking about going long rimm

[12:03] {Threei}  nah

[12:03] {ese} but won't

[12:05] {Threei}  keep an eye on your FITB ese

[12:05] {Threei}  very sizeable drop for this one

[12:05] {Threei}  when financials bounce, should do well

[12:06] {Threei}  CNN asks:

[12:06] {Threei}  BAC showed good results, why is the market selling?

[12:07] {Threei}  you CNN guys need to attend by next seminar in Freeport, I'll explain how it works

[12:08] {ese} definately vad.......kinda keep one eye on it most days

[12:09] {dino} micc

[12:10] {Threei}  this week 531 companies reporting in 12 economic sectors and in 106 industries

[12:12] {Threei}  IBM IS HIGHLY UNLIKELY TO MAKE NEW JAVA BID - WSJ

[12:13] {magoo} long spy .12 here

[12:13] {magoo} time for a bounce

[12:14] {Threei}  talk about hedging your bets:

[12:14] {Threei}  BRCM

[12:14] {Threei}  HEARING MORGAN STANLEY MAKES MILDLY POSITIVE COMMENTS; MAINTAINS UNDERWEIGHT RATING AHEAD OF EARNINGS REPORT TOMORROW (TIMING UNCERTAIN)

[12:14] {Threei}  - hearing Morgan expects it may raise estimates for BRCM after the earnings release tomorrow.

[12:14] {magoo} roflol

[12:14] {magoo} i want that job

[12:15] {Threei}  if MS was to date BRCM, it would be analog to: You may or may not be cute; tomorrow after you get the result of your audition for that modeling gig I may or may not call you

[12:16] {dino} and the public pays for this

[12:25] {dptl} pep 50 break?

[12:25] {Threei}  chart wise, yes...

[12:26] {Threei}  it just feels to me like market is in a process of bottoming out

[12:26] {dptl} ok ty

[12:28] {dino} idcc sm l .00

[12:29] {wulff} That is a RIMM tight stop

[12:32] {magoo} will be heck of a read if comes true vad

[12:32] {Threei}  on what?

[12:32] {magoo} [12:27] {&Threei}  it just feels to me like market is in a process of bottoming out

[12:32] {Threei}  oh... you assume I can read what I type

[12:32] {Threei}  which a heck of a stretch

[12:32] {nemo} or type what you think

[12:32] {Threei}  or that I think at all

[12:37] {nemo} Hey ese?  You in RIMM, I mean AAPL, no...RIMM?

[12:38] {dino} he can't give that away nemo, :)

[12:39] {Threei}  mostly 'cause he isn't sure?

[12:40] {magoo} out spy stopped 

[12:41] {dino} i'm going to have to flip the coin

[12:43] {ese} hey nemo.....stepped away fo a minute.....whatssaa hapinnin

[12:43] {dino} tails it is, we go up

[12:43] {Threei}  I agree

[12:43] {Threei}  wulff, you in RIMM?

[12:44] {dino} it's a contrary coin

[12:45] {dino} micc is taunting me

[12:46] {nemo} I'm trading from a remote site today ese..bandwith challenged

[12:48] {magoo} ok mkts its REALLY time now 

[12:48] {nemo} Anybody in RIMM?

[12:49] {wulff} yes

[12:49] {magoo} i took aapl

[12:49] {magoo} .40

[12:49] {wulff} half lot

[12:49] {Threei}  looks good for move over 66 this time

[12:49] {dino} 12:50 has ben the time

[12:49] {dino} been

[12:50] {Threei}  here comes the shake, and this should be the last one before ramp up

[12:52] {larisa} you noticed i am not betting against you just for the sake of it ? :)

[12:53] {Threei}  I did bu tI attributed it to you being relxed after the weekend

[12:53] {Threei}  by tomorrow you should be back in shape

[12:53] {dino} is larisa making snowballs again?

[12:53] {larisa} no it is raining like crazy :)

[12:54] {dino} same here

[12:54] {Threei} Long Setup:  DRYS  .30 break if stays above .20

[12:56] {magoo} in

[12:56] {Threei}  did it break?

[12:57] {magoo} yup

[12:57] {Threei}  lol

[12:57] {Threei}  you are so impatient

[12:57] {dptl} in

[12:57] {magoo} well..i waited to answer u lol

[12:57] {Threei}  true... sorry

[12:58] {nemo} did I miss any calls

[12:58] {magoo} rimm aapl drys

[12:58] {wulff} your mom called

[12:58] {Threei}  lol

[12:58] {Threei}  you guys are brutal today

[12:58] {nemo} my mom's dead

[12:59] {dino} that contrary nickle is pretty good

[12:59] {wulff} keep forgetting that.,.,,apologies

[12:59] {Threei}  sure is

[12:59] {ese} anymore word on the banking sector vad

[12:59] {nemo} contrary to ese's comment last week, she never wore boots

[13:00] {Threei}  no ese... except general perception that it stinks

[13:00] {ese} hmmmmmmmm  maybe will wait a bit before I wade into fitb

[13:03] {ese} well as long as faz is heading up...it would not be a smart idea to enter fitb

[13:03] {Threei}  right

[13:08] {dino} hmmmm hewad fake

[13:08] {dino} head

[13:08] {nemo} "hewad"  is that arabic or farsi?

[13:09] {magoo} out

[13:09] {dptl} stopped

[13:10] {dptl} drys

[13:10] {jfjf64} stopped  drys

[13:10] {pita} later guys - happy hunting

[13:10] {Threei}  take care pita

[13:10] {dino} wynn stopped

[13:12] {magoo} i hate drys

[13:12] {magoo} boring stock..then kills ya

[13:17] {ese} outta here for day all....see you tomorow.

[13:17] {dino} vivo stop to b/e

[13:27] {magoo} BAC clubbed CLUBBED

[13:28] {nemo} red headed stepchild

[13:29] {dino} imagine if missed

[13:30] {dino} cpf-3.50

[13:30] {dino} cof

[13:30] {dino} ebix?

[13:33] {Threei}  can't shake out feeling this whole selloff today is nothing but shakeout

[13:33] {Threei}  FAS strong bounce

[13:34] {Threei}  FITB time probably

[13:38] {vinod} you guy must making a lot today--i missed

[13:39] {Threei}  hit and miss actua;;y

[13:39] {Threei}  a few nice ones, a few stops

[13:44] {magoo} bac pushed up

[13:51] {dino} ebix sm l .40

[13:51] {dino} did not expect that

[13:53] {nemo} What Dino?

[13:54] {vinod} earning season is alwyas tough

[13:56] {wulff} Bank selloff seems way overdone to me...but I am only me

[13:57] {nemo} middle name Sybil wulff?

[13:57] {wulff} as in head spin

[13:58] {nemo} nahhh. that was Linda Blair.  Sally Field's

[13:59] {wulff} not familiar

[13:59] {nemo} I'm feeling old

[14:00] {dino} ton fill ebix nemo, was waiting hours for that

[14:01] {nemo} oh

[14:01] {dino} to, my typing sucks

[14:01] {nemo} No problem, I'm getting better at reading Vaddish

[14:05] {Threei}  CNN just said that Barney Frank is a major player in govt responce to financial crisis

[14:05] {Threei}  I thought he was one is originating the crisis

[14:05] {Threei}  is = in

[14:08] {dino} he is

[14:08] {dino} but the dems won, so rewrite the books

[14:08] {vinod} Barney Frank is nemo's favority politician?

[14:08] {Threei}  hey, then he must be the right person to respond to crisis

[14:08] {nemo} wow

[14:08] {Threei}  right?

[14:09] {vinod} both are from mass

[14:09] {nemo} saying he's my favorite politician is like trying to choose between poison ivy, oak, or sumac

[14:09] {Threei}  I built this thing, I know how to destruct it

[14:09] {nemo} destruct=destroy

[14:09] {larisa} makes sense to me :)

[14:09] {Threei}  scary, isn't it, Larisa?

[14:10] {nemo} what, that she makes sense to you?

[14:10] {larisa} lol

[14:10] {Threei}  anyone to whom I make sense must be scared

[14:10] {nemo} yeah, makes suicide a viable option

[14:13] {dino} conversations really tanget off here lately

[14:14] {Threei} Long Setup:  FAS  .32 if stays above .25

[14:20] {Threei}  US REP FRANK: SUPPORTING MAKING BANK STRESS TESTS PUBLIC; SUGGESTS RELEASE OF INDIVIDUAL RESULTS, NOT RELEASE AS A GROUP

[14:20] {Threei}  - Does not believe Congress would be willing to offer more TARP funds

[14:20] {Threei}  - Not worried about runs on weaker banks

[14:30] {Threei} Long Setup:  FAS  .27 if stays above .20

[14:33] {magoo} .

[14:33] {nemo} @

[14:34] {Threei}  any meaning to that, or just more work for janitor after hours?

[14:34] {nemo} it's inocuous enough for the janitor to ignore

[14:34] {nemo} eh...custodial engineer

[14:36] {Threei}  invalidating second setup

[14:36] {larisa} this market is not funny joke

[14:36] {nemo} RIMM DBI on 5 minute

[14:37] {Threei}  it's just taking a rest after 40 days rally

[14:37] {nemo} tomato tomato

[14:37] {nemo} tomato tomahto

[14:38] {Threei}  janitor's getting iriitatedc

[14:38] {larisa} lol 

[14:38] {nemo} irradiated

[14:39] {nemo} ? would that have been a sufficient DBI setup on 1 minute chart of RIMM between...oh...2:05 and 2:25?

[14:40] {Threei}  pretty much, yeah

[14:40] {nemo} ty

[14:41] {dino} bounces hitting

[14:42] {Threei}  FITB didn't make new low this time with FAS

[14:42] {Threei}  .70 break worth a try with stop under .60

[14:42] {Threei}  slow one

[14:42] {Threei}  could take a while

[14:43] {dino} out axys .50, +.35

[14:43] {nemo} in

[14:44] {dino} ebix stop to .98

[14:44] {nemo} am I the only one in FITB?

[14:44] {Threei}  frikin FAS finally staged comeback but with no setup

[14:45] {dino} vivo stop to .90

[14:46] {magoo} f'$#$&^%#@ market today

[14:47] {dino} vivo to .95\

[14:48] {dino} ebix top .00

[14:48] {dino} to

[14:50] {dino} out vivo .00, +.45

[14:52] {dino} out ebiux .01, +.61

[14:52] {dino} bunch of all dayers but worked

[14:53] {Threei}  nice dino

[14:53] {larisa} gj, dino likes thin stocks :) thin girls too ? :)

[14:53] {dino} indeed, ;-)

[14:54] {larisa} dunno whats with men and models :) vad was dreaming about model earlier

[14:54] {dino} i was dreaming of you

[14:55] {larisa} nightmare 

[14:55] {dino} lol]\

[14:55] {Threei}  I was?

[14:55] {dino} lol

[14:55] {nemo} more work for the custodial engineer

[14:56] {larisa} sure vad, not for yourself, for RIMM i think :)

[14:56] {Threei}  ah... that's me, sharing generously

[14:57] {Threei}  major difficulty with this market setback is to determine whether it's a one day deal ad most of previous red days, or it's a prolonger pullback

[14:58] {Threei}  ad = as

[14:58] {larisa} would not we have bounces if it was healthy pullback ?

[14:59] {larisa} looks so ugly and strange

[14:59] {Threei}  didn't we?

[15:00] {Threei}  FAS 13:30

[15:00] {Threei}  11:15

[15:01] {Threei}  SCON, mama mia

[15:01] {nemo} You know it's serious when he starts speaking itlian

[15:01] {nemo} italian

[15:02] {dino} tbsi gap fillwed.

[15:03] {dino} rimm trying

[15:03] {dino} appl 117.50s

[15:06] {dino} i mean rimm trying to fill gap

[15:06] {dino} from wed

[15:11] {Threei}  rofl

[15:11] {Threei}  spam mail from bride-to-be astarts with:

[15:11] {Threei}  Hello my the surprised friend!

[15:12] {nemo} should we change the stop on  FITB?

[15:13] {Threei}  no

[15:13] {Threei}  My name ... and I wish to take away from you at all a lot of time and to penetrate in my letter!

[15:13] {Threei}  I'

[15:13] {Threei}  ll be back in a week

[15:13] {Threei}  I need to put sticthes

[15:16] {dino} vad, your wife is going to kill you when she finds out you're engaged

[15:18] {Threei}  engaged? I am merely the surprized friend

[15:20] {dino} don't lie to us vad

[15:20] {vinod} it call having a lust?

[15:21] {vinod} Jimmy Carter

[15:24] {Threei}  SCON, I am crying

[15:24] {Threei}  fas

[15:25] {Threei}  Prez is about to make a statement at CIA

[15:25] {Threei}  FAS is losing support again

[15:26] {nemo} doesn't that make fitb suspect?

[15:26] {Threei}  it puts FITB to test

[15:26] {Threei}  if it can hold .60, great

[15:26] {Threei}  relative strength will make it even better candidate

[15:26] {dino} titn to b/e

[15:27] {Threei}  so far, FAS makes new lows, FITB doesn't

[15:27] {nemo} Any impact regarding the time of day in a market pull back day?

[15:28] {Threei}  shrug

[15:28] {Threei}  you are overthinking it

[15:28] {Threei}  it's a valid play

[15:28] {Threei}  let it work out

[15:28] {Threei}  it will work or it will not

[15:29] {Threei}  Prez on TV

[15:29] {nemo} so, what happens if he says the CIA owns a big bank?

[15:30] {Threei}  ok mags... do we get big FAS bounce on last 30 min or this thing is hopeless today?

[15:31] {Threei}  CEO LEWIS: ONCE AGAIN REITERATES THAT BOA DOES NOT NEED MORE CAPITAL; SHARE CONVERSION IS UP TO REGULATORS, OUT OF HIS HANDS - CNBC

[15:31] {Threei}  - reiterates would like to repay TARP funds starting this year, but that the timing is in the hands of regulators.

[15:31] {Threei}  - Have ruled out selling credit card business, but expects to see some changes in card lending.

[15:32] {Threei}  what the deuce?

[15:33] {Threei}  FITB almost 1:1

[15:36] {dino} stewie

[15:38] {Threei}  FAS must be setting up for another bounce

[15:39] {Threei}  crossback of 7 if holding above .95

[15:39] {Threei}  not holding

[15:40] {nemo} FITB doing o.k. though

[15:40] {Threei}  very much so

[15:41] {nemo} overnite it, or line up for morning?

[15:41] {Threei}  depends on your risk tolerance

[15:41] {Threei}  I'll take it

[15:42] {Threei}  but to recommend overnights in this environemt...

[15:42] {Threei}  tough thing to do

[15:42] {jfjf64} fas??

[15:42] {nemo} they report Thursday

[15:42] {Threei}  jf?

[15:42] {nemo} FITB that is

[15:42] {jfjf64} k

[15:45] {Threei}  feels like one more bounce

[15:45] {Threei}  in FAS

[15:45] {Threei}  7 break if holding 6.90

[15:47] {Threei}  come on FAS, you can't be that spineless

[15:49] {Threei}  (GE) GERMAN CHANCELLOR MERKEL: ECONOMIC CRISIS MAY BE APPROACHING BOTTOM - FT

[15:50] {nemo} stoppe fas

[15:50] {Threei}  FAS says it can

[15:51] {Threei}  FITB's holding

[15:53] {Threei}  ARGUS CUTS JAVA TO SELL FROM HOLD (TIMING UNCERTAIN)

[15:53] {Threei}  huh?

[15:54] {Threei}  Argus needs real time news supply

[15:54] {Threei}  or any news supply for that matter

[15:55] {dino} roflol, that was a good one

[15:55] {nemo} RIMM ha a nice comeback

[15:55] {dino} dino says target 9.50 unless deal falls through

[15:56] {Threei}  or unless IBM comes back with higher bid

[15:56] {dino} ok, i guess i'm not at analyst level yet

[15:57] {dino} titn out .10, +.02

[15:57] {Threei}  why, it's a team woerk

[15:57] {Threei}  so far, today is contained within reasonable pullback

[15:57] {Threei}  which means we still don't know

[15:57] {Threei}  FAS selloff is not a reasonable pullback, this is exxcessive

[15:57] {jfjf64} spinless

[15:58] {jfjf64} fas

[15:58] {dino} out idcc .99, -.01

[15:59] {jfjf64} later all

[15:59] {Threei}  this is sheesr panic

[15:59] {Threei}  I am taking some FAS overnight

[15:59] {Threei}  not suggesting you do the same

[15:59] {dino} well, when yobama talks about nationalizing tarp banks, you get this

[16:00] {larisa} long ?

[16:00] {Threei}  yes

[16:00] {Threei}  not really happy with today

[16:00] {dptl} have a good evening all

[16:00] {Threei}  there qwere a few nice plays but stops, even though well controlled, were a few too many

[16:00] {larisa} bye all

[16:00] {Threei}  oh well

[16:00] {Threei}  thank you all, see you tomorrow

[16:01] {nemo} gnite

Apr 17 2009

Slow and borning day. Profitable overall, with nice scalps here and there, couple small stops and couple nice plays like STSI. 

  

Session Time: Fri Apr 17 00:00:00 2009

[07:54] {Threei}  Good morning sleepless souls

[07:56] {Threei}  sleepless in, let's see... Germany, Vancouver, Boston... sorry tom, forgot your hometown... dee?

[07:58] {fernp} Hello from sevilla - Spain 

[07:58] {Threei}  fern :)

[07:58] {Threei}  I got it... the rest connects without waking up

[07:59] {Threei}  DRUS

[07:59] {Threei}  OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[07:59] {Threei}  DRYS

[08:00] {Threei}  that's after yesterday's after hourts:

[08:00] {Threei}  [16:07] {Threei} DRYS

[08:00] {Threei}  [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:00] {Threei}  [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:02] {Threei}  C is so darn complicated

[08:03] {Threei}  [C] Citigroup Inc Reports Q1 -$0.18 v -$0.34e, R $24.8B v $21.9Be

[08:03] {Threei}  - Q1 includes $7.3B in net credit losses

[08:03] {Threei}  - Does not plan to suspend distributions on preferred shares

[08:03] {Threei}  and a hwole bunch of other numbers

[08:03] {Threei}  plus incredibly confusing case with this:

[08:03] {Threei}  timing of exchange offers

[08:03] {Threei}  - Continues to finalize definitive documentation with the U.S. government regarding the governments previously announced commitment to exchange a portion of its preferred shares with an aggregate liquidation value of up to $25B for interim securities and warrants.

[08:03] {Threei}  - Citi is also working to complete the customary SEC review process with respect to the public exchange offers announced on February 27. Although significant progress has been made on these matters, the process is not yet complete.

[08:03] {Threei}  - Given the now anticipated proximity of the announcement of stress test results by the U.S. government, the proposed exchange offer will not be launched until the conclusion of the industry stress tests.

[08:13] {Threei}  Larisa... don't even

[08:13] {larisa} what, day of no "good mornings" ?

[08:14] {Threei}  good morning of course :)

[08:14] {Threei}  that was pre-emptive strike

[08:14] {larisa} gm :)

[08:14] {Threei}  who knows what you had in mind

[08:14] {Threei}  esp[ecially when you are winning a bet

[08:15] {Threei}  better to be on alert, and strike first

[08:15] {larisa} lol

[08:16] {cosmo} hmmm....the stress must be getting to him

[08:17] {Threei}  stress?

[08:17] {cosmo} all the tests

[08:17] {Threei}  me is stress-free

[08:18] {cosmo} ah ... ic

[08:18] {cosmo} now i got it

[08:18] {Threei}  one thing I fret about is "will the bacon come out right this morning?"

[08:18] {cosmo} and what does that look like?

[08:19] {cosmo} no winkels?

[08:19] {cosmo} wrinkels

[08:19] {cosmo} wrinkles...

[08:19] {Threei}  it's a complicated combination of crispiness and juiciness

[08:20] {Threei}  crunchy but not burned

[08:20] {Threei}  takes skill

[08:20] {cosmo} iron stomach

[08:20] {tomg} good morning all from Tennessee :)

[08:20] {Threei}  tom :)

[08:20] {Threei}  FED'S FISHER: REITERATES THAT THE FED IS CONSIDERING EXPANDING THE TALF

[08:21] {Threei}  we haven't spent enough money yet I guess

[08:21] {cosmo} talf?

[08:21] {Threei}  who cares... acronyms for the ways to throw money around grow by hour now

[08:22] {Threei}  TARP, TALF, SofTARP

[08:22] {cosmo} omg

[08:22] {Threei}  BALTIC DRY BULK INDEX +4.9%, FIFTH CONSECUTIVE GAIN

[08:25] {Threei}  GE

[08:25] {Threei}  PROFITABLE'' FINANCE ORIGINATIONS TO ACCELERATE FROM 2Q - CONF CALL

[08:25] {cosmo} so... a soft tarp makes hit easier to hit bottom?

[08:25] {Threei}  they think so

[08:25] {Threei}  I disagree

[08:25] {cosmo} me too

[08:25] {Threei}  I don't like hitting the bottom for years

[08:26] {vinod} good morning

[08:26] {cosmo} you want to stres it out?

[08:26] {cosmo} streatch

[08:26] {Threei}  vinod :)

[08:26] {Threei}  try again?

[08:26] {cosmo} stretch?

[08:27] {Threei}  just opposite

[08:27] {Threei}  I prefer acute but short pain

[08:27] {Threei}  04/17/09 06:30am

[08:27] {Threei}  [GE] General Electric Co Reports Q1 $0.26 v $0.21e, R $38.41B v $39.8Be; Order backlogs steady

[08:27] {Threei}  - Q1 Total Order backlog $171B v $172B q/q

[08:27] {Threei}  - Q1 Energy Infrastructure Rev $8.24B v $11.4B q/q

[08:27] {Threei}  - Q1 Tech Infrastructure Rev $10.4B v $12.6B q/q

[08:27] {Threei}  - Q1 GE Capital Finance Rev $13.1B v $14.8B q/q

[08:27] {Threei}  - Q1 NBC Universal Rev $3.52B v $4.43B q/q

[08:27] {Threei}  - Q1 Industrial Sales Rev $2.22B v $31.8B q/q

[08:27] {Threei}  - CEO Immelt: Estimated stress-test results showed that we do not need to raise additional capital even in the Feds adverse-case scenario.

[08:27] {Threei}  - Capital Finance earned $1.1B in the quarter and remains on track to be profitable for the full year

[08:27] {Threei}  - Revenues and profitability declined year-over-year in our financial services business and we continue to experience rising delinquencies

[08:31] {pita} gm everyone

[08:32] {Threei}  pita :)

[08:32] {Threei}  C CFO: Q1 STRONGEST QUARTER IN OVER ONE YEAR -CONF CALL

[08:35] {Threei}  OPERATING PROFITS CONTINUE TO RISE DESPITE ASSET VALUE FALLS -CONF CALL

[08:35] {Threei}  - Expenses were down 23% y/y in Q1

[08:35] {Threei}  - Credit costs rose by $4.4B

[08:38] {ese} i think i'm in.........

[08:38] {nemo} ese!!!

[08:38] {Threei}  you sure are

[08:39] {ese} another day of repreive........it has taken over a week for the royal bank to get me my visa card....it's still not here....

[08:40] {ese} hey nemo

[08:41] {nemo} yo ese

[08:41] {Threei}  you still have any DRYS ese?

[08:41] {ese} no........

[08:41] {ese} just playing in and out

[08:42] {ese} made about 5000 a week or so back and have been just in and out since

[08:44] {ese} whats it up to vad...drys that is

[08:44] {nemo} 6.22

[08:44] {ese} sorry ...news wise?

[08:45] {Threei}  [07:59] {Alert} Threei OPPENHEIMER RAISED DRYS TO OUTPERFORM FROM MARKET PERFORM, PRICE TARGET: $8

[08:45] {Threei}  [07:59] {Alert} Threei DRYS

[08:45] {ese} ahhhhhh nice

[08:45] {Threei}  [08:00] {Alert} Threei that's after yesterday's after hourts:

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} DRYS

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[08:45] {Threei}  [08:00] {Alert} Threei [16:07] {Threei} - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[08:45] {ese} should be in play a bit today then.....

[08:51] {Threei}  what's with BCON

[08:55] {dptl} good morning

[08:56] {Threei}  dp :)

[08:56] {ese} ddddddpppppp!!!!!

[08:56] {dptl} :)

[09:00] {dino} gm all

[09:01] {Threei}  dino :)

[09:02] {ese} top of the morn to ya dino

[09:03] {ese} or if you were drinkin last night ...bottom of the morn

[09:06] {dino} lol i am fine

[09:07] {ese} everythings been going up steadily since Mar 09......gotta figure at some point?????

[09:08] {dino} feeling the same es

[09:08] {dino} lots of gaps below

[09:08] {ese} kinda waitin for it.....want to practise shorting

[09:09] {ese} small lots

[09:09] {dino} s/p 1st 825, 811, 768

[09:09] {dino} ndx 1251, 1187, 1043

[09:09] {dino} dji 775 7273, 6547

[09:09] {magoo} ;lrsgkpkrgJKO:SR

[09:10] {Threei}  magoevsky :)

[09:10] {ese} cool language mags.......good morning to you as well

[09:12] {ese} tons of gaps on the NDX dino ...jumpin

[09:12] {patience} good morning RT  :)

[09:13] {ese} morning patience

[09:13] {dino} ire pain 

[09:13] {Threei}  patience :)

[09:14] {dino} ndx, see above es

[09:15] {magoo} man goog hit 410 afterhrs, then retreated to 380

[09:15] {ese} ya checked them out....was just making note of your post

[09:16] {ese} do you play goog mags......that would scare the begeeesus out of me

[09:16] {magoo} occassionally...very dangerous

[09:17] {Threei}  magooski, admin asked to ask you to check your e-mail

[09:17] {magoo} already did it vad

[09:18] {Threei}  cool... I hope he didn't send you viagra spam

[09:18] {magoo} u can buy viagra now in a spam lunch meat..cool?

[09:19] {magoo} oh oh..today expirations

[09:20] {cosmo} DRYS seems to hold 6.15   ...for now

[09:20] {ese} Vad....could check out fas pre market .....does that look like a low to you

[09:20] {dino} i'd better warn your wife

[09:21] {dino} magoo likes his spam

[09:23] {Threei}  don't know ese... a lot of things in play here, with C and GE reports

[09:23] {Threei}  let's see what happens after open and wait for setups

[09:23] {cosmo} and more spam

[09:24] {dino} bti

[09:24] {dino} 5 day wicked

[09:25] {cosmo} DRYS pre mkt high (spike) = 6.44 fyi

[09:27] {dino} icui

[09:29] {Threei}  04/17/09 08:30am

[09:29] {Threei}  [PCYC] Pharmacyclics Inc Announces Global Strategic Alliance with Les Laboratoires Servier

[09:29] {Threei}  - The alliance will focus on the research, development, and commercialization of Pharmacyclics'' PCI-24781, an orally active, novel, small molecule inhibitor of Pan HDAC enzymes, that is currently in Phase I/II clinical trials in the United States and being developed for the treatment of solid tumors and hematologic malignancies. Pharmacyclics expects that this alliance will enable it to aggressively pursue its goal of developing and commercializing its innovative anti-cancer Pan HDAC inhibitor agents.

[09:30] {Threei}  Pharmacyclics will receive from Servier upfront payments totaling $11M on signing the contract and an additional guaranteed $4M for research collaboration over a 24 month period, paid in equal increments every 6 months with the initial payment due October 1, 2009. Servier will pay for all development costs outside the United States.

[09:30] {Threei}  - In addition Pharmacyclics will receive $24.5M based on the achievement of certain milestones up to and including commercialization.

[09:31] {ese} in and out of ORCL .01 in out .17 6 lots

[09:32] {ese} +.16

[09:32] {Threei} Long Setup:  STSI  5 break

[09:32] {nemo} small shares?

[09:32] {ese} yes

[09:33] {ese} small liquidity nemo

[09:33] {nemo} wow look at tht inet offer

[09:35] {Threei} Long Setup:  GE  .95 if holding .85

[09:37] {dptl} in stsi

[09:38] {magoo} in stsi

[09:38] {dptl} stop .94?

[09:39] {Threei}  half out .10

[09:40] {dptl} half out ty

[09:40] {ese} watching drys for pullback

[09:42] {ese} dino if you get a chance SOHU

[09:43] {dino} on it

[09:43] {Threei}  wow DRYS

[09:43] {Threei}  come on, give us a pullback

[09:43] {ese} indeed

[09:43] {dino} 45 strike

[09:44] {dino} the china plays really move

[09:44] {Threei}  GE

[09:44] {Threei}  EXEC: DO NOT EXPECT GE CAPITAL TO BE SUBJECT TO GOVERNMENT STRESS TESTING - CONF CALL Q&A

[09:44] {dino} 45 too much tho, 

[09:44] {ese} for sohu dino?

[09:46] {Threei}  stop is just under 5 for those who hold balance of STSI

[09:47] {ese} l drys .34

[09:47] {dino} y es

[09:47] {dino} too much, i wait small 46.51

[09:49] {dino} egg shell markets today

[09:49] {nemo} Wile E.  off the cliff...looking down?

[09:50] {ese} l drys again avg .37

[09:50] {cosmo} 6.44 hod drys

[09:51] {dino} isrg show again

[09:53] {dino} sm s icui .09

[09:53] {Threei}  F

[09:53] {Threei}  UPDATE: PRICE TARGET RAISED TO $3 FROM $1 AT CREDIT SUISSE,

[09:53] {Threei}  question: what's wrong with this picture?

[09:53] {wulff} GE

[09:54] {dino} ahh, its at 4

[09:54] {Threei}  do these guys have any slightest touch with common sense?

[09:54] {magoo} out .14 here TY vad

[09:54] {ese} l drys avg .33

[09:54] {Threei}  STSI mags?

[09:54] {magoo} yup

[09:54] {Threei}  k

[09:54] {magoo} FL

[09:54] {dino} sohu to "sell" db

[09:55] {ese} don't try this at home....

[09:55] {Threei}  APR PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 61.9 V 58.5E

[09:55] {Threei}  no, seriously

[09:55] {Threei}  you had target $1

[09:55] {Threei}  stock hits 4

[09:55] {Threei}  you don't say sell?

[09:56] {Threei}  OK, let's assume you change your mind,

[09:56] {Threei}  and now think it goes higher, in which case you don't issue sell recomendation,

[09:56] {Threei}  but how can you assign target $3 to a stock that trades at $4?

[09:56] {Threei}  doesn't it mean sell by default?

[09:56] {dino} icui tighten to .36 mkt not helping

[09:57] {Threei}  offering 1/4 more STSI .18

[09:57] {cosmo} advise for F shorters?

[09:57] {dptl} me .19

[09:58] {Threei}  thank you for not going to .17999

[09:58] {dptl} :) was just thinking about it

[09:58] {dino} cov icui .60, +.49

[09:59] {dptl} you using arca Vad?

[09:59] {Threei}  no

[10:00] {dptl} where are you then?

[10:00] {Threei}  DNDN??

[10:00] {dino} he's here

[10:00] {Threei}  HEARING SHARES TICKING HIGHER ON RUMORS OF JV WITH MAJOR PHARAM

[10:00] {Threei}  rumor...

[10:00] {Threei}  I am hidden in the trenches

[10:01] {Threei}  - Hearing the name LLY mentioned in relation to rumors{LLY}

[10:01] {dptl} sneaky :)

[10:01] {Threei}  my middle name

[10:01] {nemo} I thought it was Illych

[10:03] {ese} out drys .45 +.12 4 lots

[10:03] {dptl} out .19 some

[10:04] {dino} heck of a name 3i lilly vad

[10:05] {dino} vivo l .34, stop .23

[10:05] {Threei}  last portion offering at .35, stop is under .10

[10:07] {wulff} WFC +.32

[10:07] {Threei}  wtg

[10:07] {wulff} probably has more in it

[10:08] {Threei}  DNDN... squeeze

[10:09] {ese} dino ...you calling vad a lilly....

[10:09] {wulff} DRYS is probably feeling the squeeze too

[10:09] {dino} his name i guess

[10:10] {Threei}  what's happening today?

[10:10] {Threei}  you guys are all drunk?

[10:11] {magoo} i am

[10:11] {pita} already?

[10:11] {magoo} got in late

[10:12] {dino} bit whippy

[10:12] {ese} thats what it says in your book to do....doesn't it?   Drink heavily before trading to even out pain and euphoria.....in order to keep a level head????

[10:12] {ese} or did I get that wrong

[10:12] {dino} he left my deck at 7, but who knows if he went home

[10:13] {ese} too funny

[10:13] {Threei}  that's mostly right ese

[10:14] {ese} you people are a hoot!!!!

[10:14] {dino} call it "trading for drunks"

[10:14] {ese} great title!!!!!  I think that would sell

[10:16] {ese} got a read on sohu yet dino.....

[10:17] {dino} yeah sm l .30 imo

[10:17] {Threei}  WFC, watching for pullback closer to .40 for entry

[10:17] {Threei}  if market spikes, WFC cxan turn into .60 break long if holding above .50

[10:18] {ese} hmmmmm then i missed the boat on sohu

[10:18] {nemo} in

[10:18] {dptl} in wfc

[10:19] {ese} long fas .98

[10:19] {dino} not hitting my .30 bid either, perhaps .50

[10:20] {ese} that was a crappy fill thought I had market at .94/95

[10:21] {ese} daaaaaaaaa instead of 4/5 cents profit i'm even

[10:21] {Threei}  that's cheap commissions fore you

[10:21] {ese} no kidding eh

[10:22] {dino} gut says down big

[10:24] {dino} icui s sm .06

[10:25] {nemo} stopped

[10:25] {fernp} I hate WFC

[10:25] {dptl} stopped

[10:25] {dino} cski

[10:25] {_jfjf64} ditto

[10:25] {wulff} I love WFC

[10:26] {Threei}  {WFC} I am confused

[10:26] {nemo} why?

[10:26] {ese} close to being stopped on fas...daaaaaaaaa!!!!!

[10:26] {nemo} I'm having a hard time feeling bad for you ese

[10:27] {ese} stopped....%$##$@%$ -.14

[10:28] {wulff} you know a bounce is coming now ese

[10:28] {ese} oh ya oh ya nemo....welllllll......your mother wears army boots....take that

[10:29] {ese} or was that my mother hmmmmmmm

[10:29] {Threei}  ok... ya'll are drunk

[10:29] {nemo} my mother is dead

[10:29] {ese} oppps apologies

[10:30] {nemo} she never wore socks...feet stank

[10:30] {nemo} then she'd make me rub them...oy

[10:30] {ese} .............

[10:30] {Threei}  I feel requests to edit log coming

[10:30] {ese} ok you win the out do contest    hands down

[10:31] {dino} shld giving some back

[10:31] {Threei}  that's additional workload for me...

[10:32] {magoo} C crushed here

[10:32] {magoo} real violent move

[10:32] {dino} lod

[10:33] {dino} icui spiked, stopped -.30

[10:33] {dino} that sohu holds well imo es

[10:34] {Threei}  watching FAZ for entry on pullback

[10:34] {dino} whew good stop icui

[10:34] {Threei}  roughly .55

[10:37] {dino} vivo stop to .38

[10:38] {nemo} quintuple bottom coming in FAS from yesterday

[10:38] {nemo} hell almost 4 this morning

[10:40] {Threei}  canceling .35 offer on STSI

[10:40] {Threei}  if this thing can take that .25 offer, I want more

[10:41] {nemo} would that be another entry point?

[10:41] {Threei}  .25 break obviously, but risk is way higher

[10:41] {nemo} fuggedabowdit then

[10:42] {_jfjf64} faz?

[10:43] {Threei}  botomed at .57 with no realistic chance of executing

[10:43] {Threei}  not sure

[10:43] {Threei}  waiting for somerthing more clear

[10:43] {_jfjf64} k

[10:44] {dino} sohu l .55

[10:45] {dino} titn l .76

[10:52] {dino} vivo stopped +.04

[10:52] {Threei}  strangely narrow range for the day that promised to be all fireworks

[10:52] {Threei}  less thatn 15 points NQ range

[10:54] {dino} lps

[10:55] {nemo} expectations again

[10:55] {nemo} So, do we get the Plunge Protection Team or Plunge Production Team

[10:56] {dino} cyt, lps, scor

[10:56] {Threei}  WFC forms something of C&H kind

[10:56] {Threei}  with .75 being break point

[10:57] {Threei}  DNDN...

[10:57] {Threei}  grr

[10:58] {dptl} stop would be under .60 if breaks wfc?

[10:58] {Threei}  yeah

[10:59] {Threei}  I would prefer to try aggresive

[10:59] {Threei}  .70 break

[10:59] {dptl} ok ty

[10:59] {dino} scor l .01

[10:59] {nemo} fas break above .90?

[10:59] {nemo} oops nevermind

[11:01] {dino} sohu stopped -.25

[11:03] {Threei}  any gamblers here}

[11:03] {Threei}  ?

[11:03] {Threei}  DNDN ,40 break for you... if holding above .25

[11:04] {dptl} valid?

[11:04] {Threei}  barely

[11:04] {nemo} that's encouraging

[11:05] {dptl} :)

[11:05] {Threei}  are you on my gambling list?

[11:05] {Threei}  oh... yes

[11:05] {dino} nile

[11:05] {magoo} in .39

[11:05] {Threei}  who would have doubt

[11:05] {Threei}  magoo is director of that list

[11:05] {dptl} in

[11:08] {dptl} stopped

[11:09] {dino} intc l .50

[11:13] {dptl} wfc?

[11:13] {Threei}  no idea

[11:13] {Threei}  mess of a chart

[11:19] {ese} signing off everyone....have a great weekend

[11:19] {magoo} u 2 

[11:19] {nemo} P&Q ese

[11:19] {Threei}  have a good one ese

[11:21] {magoo} DNDN a nasty f'er

[11:21] {nemo} follower? :)

[11:23] {Threei}  SWEDISH COURT HAS FOUND THE OPERATORS OF FILE SHARING SITE THE PIRATE BAY GUILTY OF COPYRIGHT INFRINGEMENT

[11:23] {Threei}  troubles for torrents

[11:24] {vint} good morning (late) all

[11:24] {Threei}  vint :)

[11:24] {magoo} WFC .80

[11:26] {magoo} may do 20 again

[11:26] {dino}  zzzzzzzzzzzzzzzzzzzzzzzz

06[11:27] * magoo slaps dino around a bit with a large trout

[11:27] {dino} bkc l .50

[11:27] {magoo} RF on the move again

[11:30] {_robert} C?

[11:31] {Threei}  ZI'll stay away from C, it's beyond complicated

[11:31] {_robert} ok

[11:32] {magoo} [11:25] {magoo} WFC .80

[11:32] {magoo} waiting .97

[11:32] {magoo} kickin it

[11:33] {magoo} out .96..

[11:33] {magoo} to close to miss exit

[11:33] {magoo} ty vad

[11:33] {Threei}  hmmm... okay... you are welcome

[11:33] {Threei}  frikin DNDN

[11:34] {pita} roger that

[11:34] {dptl} :)

[11:35] {Threei}  DRYS new high

[11:37] {magoo} [11:27] {magoo} may do 20 again

[11:37] {magoo} 2 days i took heat off ya boss

[11:37] {Threei}  {--- happily retiring leaving magoo in charge

[11:38] {magoo} really??ok room ..lets rock -n-roll

[11:38] {Threei}  {--- quietly fades away

[11:38] {Threei}  {--- uncorks fresh bottle of Glenglivet

[11:39] {nemo} bad typing or are you on your 2nd bottle already?

[11:40] {Threei}  as if I needed any drinking to mistype things

[11:40] {dino} scor stop to .20

[11:41] {dino} out scor slipped ave .18, +.17

[11:43] {dptl} Vad, are you gonna get some more on .25 brak stsi?

[11:43] {dino} no drinking until 9

[11:44] {Threei}  nah, I have last 500 shares, will just try to get something worthy out of them

[11:44] {dino} sohu last try l .39

[11:44] {Threei}  .15 - .25 is a valid setup

[11:45] {Threei}  kind of discretionary because of previous move, but tempting because of huge size on the offer

[11:45] {Threei}  so, you likey - you takie

[11:45] {dptl} ok ty,i'll try to get in again if it's breaks

[11:46] {Threei}  sure, I'll just add you to gamblers list for second time

[11:46] {Threei}  you'll be twice gambler

[11:46] {dptl} :)

[11:46] {Threei}  which is still nothing comparing to magoo's record

[11:46] {nemo} no, he cemented that w/GOOG last night

[11:47] {Threei}  for like 128th time

[11:47] {nemo} that would be 32 years worth of GOOG quarterly reports

[11:47] {Threei}  heh

[11:47] {magoo} did i mention i live for those earningsseason?

[11:47] {Threei}  look at this

[11:48] {Threei}  (US) EPA NOTES THAT IT PLANS TO MOVE AHEAD ON REGULATING CARBON DIOXIDE AS A HEALTH AND ENVIRONMENTAL RISK - UPDATE

[11:48] {Threei}  - Note that the EPA has declared its authority to hold polluters accountable under the Clean Air Act. The decision, ordered by the Supreme Court in 2007 and based upon years of scientific research and analysis, has the potential to significantly alter energy politics and policy.

[11:48] {dino} thought you lived for food

[11:48] {Threei}  - Please also note these recent headlines:

[11:48] {Threei}  - 4/8 White House: Pres Obama is flexible on auctioning process of emissions permits in climate bill

[11:48] {Threei}  - 3/31 US House climate change bill includes rebates and possible trade protections for industry, which could include 2B tons of annual maximum carbon offsets for industry.

[11:48] {Threei}  - 3/17 DoE's Chu: US should levy tariffs on CO2 to protect competition.

[11:48] {Threei}  - 3/5 House Majority Leader Hoyer (D): Congress may pass a climate-change bill by late May.

[11:48] {Threei}  - 2/22 US climate czar Carol Browner: EPA will soon determine that carbon dioxide emissions represent a danger to the public and propose new rules to regulate emissions of carbon-dioxide from a range of industries.

[11:48] {magoo} craving chili dogs BADDDDD

[11:48] {nemo} that mean we can't exhale anymore

[11:48] {magoo} and dino refuses

[11:49] {dino} isrg hits yesterday high

[11:49] {Threei}  US should levy tariffs on CO2 to protect competition?

[11:51] {magoo} WFC WFC

[11:51] {wulff} hope you guys took WFC, i was away

[11:51] {magoo} out .30

[11:52] {magoo} ty vad

[11:57] {dino} out sohu .51, +.12

[11:58] {dptl} in.25 stsi

[12:01] {pita} have a good weekend everyone

[12:01] {Threei}  take care pita, have a good one

[12:03] {dino} out titn .88, _.12

[12:04] {dino} +

[12:10] {dino} snda

[12:13] {dino} sm l .40 risky

[12:15] {dino} stop .98

[12:16] {Threei}  dp... just a friendly reminder: you own STSI, don't fal asleep

[12:16] {dptl} oh ty..lol

[12:16] {Threei}  signed: RealityTrader wake-up call service

[12:16] {dino} stopped

[12:17] {dino} try a buck lower

[12:21] {wulff} Have a great finish. LAte

[12:21] {wulff} LAter

[12:21] {Threei}  take care wulff

[12:21] {Threei}  FED'S BERNANKE SCHEDULED TO GIVE A SPEECH AT A FED CONFERNECE AT 12:30PMET

[12:21] {Threei}  - a prepared text is expected but he will not do a Q&A

[12:21] {dino} cetv l .50

[12:24] {magoo} whens president rock star speaking today?

[12:25] {Threei}  he is speaking in Latin America, so no economy topcs anyway

[12:26] {dino} rinsed snda

[12:29] {dino} pretty tight range

[12:29] {dino} like the 70s

[12:30] {Threei}  FED'S BERNAKE: HARM STEMMING FROM CREDIT CRISIS WILL BE LONG LASTING

[12:31] {nemo} so much for your title, vad

[12:31] {Threei}  REGULATORS MUST MANAGE THE RISKS OF INNOVATION

[12:31] {Threei}  I gave it up nemo

[12:32] {Threei}  I can't compete with so many masters of the obvious from all around the world

[12:32] {nemo} Yeah...your title get's outsourced

[12:32] {Threei}  as soon as I think I more or less gor upper hand over USA competitors, someone in Europe comes out and says "financial crisis is not contained yet"

[12:33] {Threei}  I say DUH and give up

[12:33] {nemo} yeah, enemies in all directions...I'm not paranoid...and anybody that says I am, is out to get me....

[12:34] {Threei}  oh, and just when I though homeland was safe, Canadian minister of finance said "inflation risk on horizon"

[12:35] {Threei}  - When the complexity of credit products becomes too high, direct regulation may be the only solution

[12:36] {nemo} They should just simplify the products.  Complex products + Complex Regulation = Cluster relationship

[12:36] {Threei}  and anything over 1 decimal gives me a headache

[12:37] {nemo} decimal or decibel?

[12:37] {Threei}  sigh

[12:37] {Threei}  ok, 2

[12:37] {Threei}  3.14 I can handle

[12:37] {dino} its a bunch of b.s., it would not have been so bad w/o the m2m change. nowe the banks want to keep these assets because they know they are worth more

[12:37] {nemo} 3.1416 is o.k.

[12:37] {Threei}  but 3.14159999 - no

[12:38] {nemo} I'd have to take my shoes off

[12:38] {nemo} They're not worth more, it just allows them to fudge the accounting on paper

[12:39] {dino} i disagree, 92% performing

[12:39] {nemo} So, are they worth more, or not?

[12:41] {dino} yes

[12:41] {dino} why do you think private equity is lining up

[12:41] {nemo} Should they hol on to them then?

[12:43] {dino} then

[12:43] {dino} because the rule was just changed 2 weeks ago

[12:43] {dino} yes

[12:44] {dino} snda double bottom or death

[12:45] {nemo} you in snda, dino?

[12:46] {magoo} keep eye on WFC..IF IF mkt decides to rip, its got big potential..not in here

[12:46] {dino} no

[12:47] {dino} bti l .64

[12:52] {fernp} DRYS consolidating hod... should I ignore DRYS breakout??

[12:52] {Threei}  this one may be worth it

[12:53] {dptl} .75?

[12:53] {fernp} lunch-time, friday, breakout...

[12:53] {Threei}  .75 would be aggresive, .80 is right above

06[12:54] * magoo slaps laserdave around a bit with a large trout

[12:54] {dptl} stop under .65?

[12:54] {magoo} MS nuts

[12:55] {magoo} news MS vad?

[12:56] {Threei}  no

[12:56] {dptl} or under .70 ? if takes .75

[12:56] {Threei}  BAC

[12:56] {Threei}  PROXY ADVISOR GLASS LEWIS RECOMMENDS SHAREHOLDERS VOTE AGAINST RE-ELECTION OF CEO LEWIS AT APRIL 29 ANNUAL MEETING - CNBC

[12:56] {Threei}  - Also recommends voting against lead director Temple Sloan.

[12:56] {Threei}  - Calls on shareholders to vote to split chairman and CEO roles.

[12:56] {Threei}  US) CONGRESSIONAL PANEL ON TARP NOTES TREASURY SEC GEITHNER TO TESTIFY APRIL 22 AT 10AMEST

[12:57] {Threei}  both are valid dp

[12:57] {dptl} ok ty

[13:01] {dptl} in .75 drys

[13:02] {fernp} me too

[13:03] {dptl} .70 stop for you?

[13:03] {fernp} yes

[13:09] {dino} hod s/p ndx

[13:11] {fernp} out here +.10

[13:12] {Threei}  :)

[13:12] {Threei}  thought this one did have a chane

[13:13] {magoo} RF nutsarolla vad

[13:13] {fernp} yes. was fine

[13:15] {dptl} out half .85..wierd wasn't get filled till last moment

[13:18] {dptl} all out .97 ty

[13:18] {Threei}  :)

[13:19] {fernp} very gj dp

[13:19] {dptl} ty..now i need that stsi to wake up

[13:20] {magoo} GE high vad

[13:21] {Threei}  don't know about this one mags

[13:22] {magoo} ok

[13:27] {dino} out intc .62 +.12

[13:42] {dino} bti to .81

[13:44] {dino} ohh mannn, major slip ave .77, +.13

[13:45] {dino} snda drop again

[13:47] {Threei}  DRYS non stop

[13:57] {Threei}  REPORTEDLY BOA, JP MORGAN AND WELLS FARGO ARE HOLDING DISCUSSIONS WITH CONGRESS OVER NARROWING SCOPE OF BANKRUPTCY "CRAMDOWN" BILL

[13:57] {Threei}  - Terms of negotiations include establishing a five-year program, no principal write downs and compatibility with Obama Administration's housing plan

[13:57] {dino} cetv dead, stop to .44

[14:00] {dino} stoppped -.08

[14:01] {dino} shld

[14:02] {Threei}  volume is quite ridiculous

[14:03] {nemo} dow volume is strong

[14:03] {Threei}  nasdaq is next to non-existent

[14:08] {dptl} ok finaly...stopped stsi  ave.-.06

[14:22] {dino}  ofix l .35

[14:24] {Threei}  DNDN is ridiculous

[14:24] {dino} wmt l .50

[14:28] {dino} snda sm l .14

[14:33] {dptl} hot?

[14:33] {Threei}  yuck

[14:35] {dino} ofix stop to .48

[14:38] {dino} hot???????

[14:40] {dino} ofix to .53

[14:41] {dino} to .55 stingyyyyyyyyyyyy

[14:41] {dino} oiut slip ave. 54 +.19

[14:41] {_jfjf64} jback

[14:42] {dino} c'mon wmt i want a smilely face

[14:43] {dino} smily?

[14:51] {Threei}  wow DNDN

[14:51] {nemo} bounce?

[14:52] {Threei}  this is tryuly scary thing

[14:52] {nemo} that might be catch a falling elevator

[14:52] {Threei}  see?

[14:52] {Threei}  this is not falling knife.... this is falling piano

[14:52] {nemo} Oh yeah, got the 5 minute up too...a lot of air under there

[14:53] {Threei}  any more than on 1 min?? :)

[14:53] {dino} nni

[14:53] {nemo} I can see the whole day on the 5 minute

[14:53] {Threei}  hmm?

[14:54] {Threei}  I can see whole day on 1 min too

[14:54] {Threei}  how is it an issue?

[14:54] {nemo} tomato tomato

[14:54] {nemo} I have smaller screens up

[15:00] {dino} lol

[15:00] {nemo} what Dio?

[15:01] {nemo} Dino...not to be confused with Ronnie James Dio

[15:02] {dino} snda stopped done w/it

[15:03] {dino} there are better worlds than these

[15:03] {nemo} the transition can be a bitch

[15:04] {dino} maybe so, maybe so

[15:05] {dino} titn trying

[15:06] {dino} nni break of .08

[15:10] {dino} vivo l .40

[15:10] {Threei}  if ese was here, I guess he would be in FITB

[15:13] {Threei}  WHITE HOUSE: OBAMA HAS COMPLETE CONFIDENCE IN AUTO TASK FORCE CHIEF RATTNER

[15:13] {Threei}  - reminder: earlier today it was reported that Rattner is involved in a probe of an alleged kickback payments

[15:13] {Threei}  oh boy

[15:14] {dino} lol

[15:14] {dino} and probably did not pay his taxes, :)

[15:14] {Threei}  I want to start counting people who president has complete confidence in

[15:15] {dino} everybody he picks, regardless of circomstances

[15:15] {Threei}  if ese was here, I guess he would be exiting FITB

[15:15] {magoo} finnies again vad

[15:16] {dino} i miss es

[15:16] {dino} lol

[15:16] {nemo} he's been killing it lately

[15:16] {Threei}  ese is amazing story

[15:16] {dino} indeed he has

[15:16] {Threei}  started as many did

[15:17] {Threei}  read about 120 books,

[15:17] {Threei}  went through some courses

[15:17] {Threei}  finally tired of losing money and picked one book that made sense to him

[15:17] {Threei}  which turned to be TTR

[15:17] {Threei}  started looking up the author

[15:17] {Threei}  was shocked to find out author just moved to the same city where he lived

[15:18] {Threei}  sent e-mail

[15:18] {nemo} divine intervention

[15:18] {Threei}  we met, he grabbed MPP from me

[15:18] {Threei}  in a montrh or so joined the room

[15:18] {Threei}  started proces of unlearning bs

[15:18] {Threei}  made kind of round bottom, so to speak

[15:19] {Threei}  and started making very nice money with amazing consistency

[15:19] {Threei}  local celebrity in music btw

[15:19] {Threei}  fantastic drummer, has professional band and unique high school band

[15:20] {Threei}  http://www.themidnights.com/bio.htm

[15:24] {Threei}  everyone's looking at photos or just asleep?

[15:24] {Threei}  FAZ new all-time lows

[15:25] {Threei}  MGM

[15:25] {Threei}  REACHES AGREEMENT WITH DUBAI WORLD TO COMPLETE CITY CENTER CONTRUCTION; PLAN MUST STILL BE APPROVED BY CITYCENTER LENDERS - WSJ

[15:26] {dino} mgm

[15:27] {Threei}  - new plan would protect the CityCenter project from MGM cross-defaults.

[15:27] {Threei}  - Reminder: earlier today, MGM said it would provide funds to continue construction on CityCenter project, putting forward $70M to cover the current construction costs for CityCenter, includes $35M that was supposed to have been funded by Infinity World, a subsidiary of Dubai World.

[15:28] {dino} cross defaults does not sound good

[15:30] {Threei}  I suspect dino doesn't want to gamble on MGM

[15:30] {dino} thinking short

[15:31] {dino} can't

[15:38] {magoo} WFC doing it

[15:38] {magoo} big 

[15:40] {Threei}  nice

[15:43] {magoo} i am in it

[15:43] {magoo} repeadily

[15:44] {dino} titn l .83

[15:45] {Threei}  I am scared to think how many of "buy every new low" traders get killed in FAZ

[15:49] {nemo} well, that's all she wrote...P&Q

[15:51] {dino} out vivo .47, +.07

[15:53] {dino} hard sell

[15:54] {Threei}  OBAMA ADMINISTRATION WILL USE COMPETITIVE BIDDING TO BUY WHEELCHAIRS, COULD SAVE $1B ANNUALLY - WSJ

[15:54] {Threei}  huh?

[15:56] {Raven} I'm not ready for one of those yet ...

[15:56] {dino} snda 47s

[15:56] {Threei}  come on Raven, help them save 1B

[15:57] {Raven} sigh

[15:57] {Threei}  I'll get one too and we will race

[15:57] {Threei}  or chase cosmo down the street

[15:57] {Raven} I like that ... Formula I wheelchairs

[15:58] {Raven} wake up cosmo !!

[15:58] {Threei}  and hit him with cruthces if we get him

[15:58] {Raven} yesssssssssss

[15:58] {vint} good weekend all

[15:58] {dptl} have a good weekend all

[15:58] {Threei}  okay guys, thank you all

[15:58] {Threei}  have a good weekend

[15:58] {Threei}  see you all on Monday

[15:59] {Threei}  a bit boring day but Fri is Fri

[15:59] {dino} titn out -.03

[16:00] {_jfjf64} ty  enjoyed week in room   look forward to  trading with tou in  future   will call afterclose    good day all

[16:01] {dino} glad to have you

Apr 16 2009

Very nice day with just one stop. This time we managed to get a feel of financials starting to rally and utilized it with strong trades in JPM, WFC and FAS.

Session Time: Thu Apr 16 00:00:00 2009

[08:10] {Threei}  04/16/09 06:29am

[08:10] {Threei}  [JPM] JPMorgan Chase and Co Reports Q1 $0.40 v $0.32e, R $26.9B v $22.95Be

[08:10] {Threei}  - Q1 Net new credit extended $150B

[08:10] {Threei}  - Q1 ROE 5.00% v 1.00% q/q

[08:11] {Threei}  - CEO Dimon: It is reasonable to expect additional increases to credit reserves if the economic environment worsens. Yet, we are confident that even a highly adverse economic scenario would not compromise our overall strength and stability - or our ability to enhance our franchises. We remain well-positioned to benefit when the economy recovers and remain committed to serving our clients, investing in our franchise and building a stronger company for the future

[08:11] {Threei}  04/16/09 07:43am

[08:11] {Threei}  [JPM] JPMorgan Chase and Co CEO: Company is capable of paying back TARP "tommorow"; waiting for guidance from Treasury

[08:11] {Threei}  - Remarks that does not need to raise capital at the moment; but could do so through private channels

[08:11] {Threei}  - PPIP program may be helpful to financial system, it is however irrelevant to JP Morgan as it does not intend on participating in the program

[08:11] {Threei}  - States that TARP money has become a 'scarlet letter' for banks

[08:11] {Threei}  - Have begun to see stability in economic activity, so far that stability however has been at lower levels than that of pre-credit crisis

[08:11] {Threei}  - Mortgage busisness will 'do fine'

[08:23] {Threei}  PREVIEW: INITIAL JOBLESS CLAIMS AND CONTINUING CLAIMS DUE OUT AT 8:30AMET

[08:23] {Threei}  - Expectations for initial claims are 660K v prior release of 654K (range seen from 635K to 700K)

[08:23] {Threei}  - Continuing claims seen at 5.893M v prior 5.840M. (range seen from 5.750M to 5.950M)

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 610K V 660K;

[08:30] {Threei}  CONTINUING CLAIMS: 6.022M V 5.893ME

[08:30] {Threei}  - Prior jobless claims revised from 654K to 663K

[08:30] {Threei}  - Prior Continuing Claims revised from 5.840M to 5.850M

[08:30] {Threei}  MAR HOUSING STARTS: 510K V 540KE; BUILDING PERMITS: 513K V 549KE

[08:30] {Threei}  - Prior Housing Starts revised from 583K to 572K

[08:34] {Threei}  JPM CFO: WE'VE BEEN FULLY CONSISTENT ON TARP, WE WANT TO REPAY AS SOON AS POSSIBLE; "I DON'T THINK WE NEED MORE CAPITAL" - CONF CALL Q&A

[08:35] {cosmo} how about the homeowner though?

[08:35] {larisa} good morning :)

[08:35] {Threei}  cosmo, larisa :)

[08:35] {cosmo} 3i, lrs :)

[08:46] {dptl} good morning

[08:46] {Threei}  dp :)

[08:47] {cosmo} JAVA pre mkt high = 6.84  so far

[08:47] {Threei}  08:09am [JAVA] Pre-market strength attributed to speculation Sun is willing to resume negotiations if IBM will soften stance

[08:47] {magoo} morning

[08:48] {cosmo} they gonna buy out IBM?

[08:48] {cosmo} nah

[08:49] {Threei}  mags :)

[08:49] {magoo} vad:) jpm report yet?

[08:50] {Threei}  like a few hours ago

[08:50] {Threei}  [08:10] {Alert} Threei [JPM] JPMorgan Chase and Co Reports Q1 $0.40 v $0.32e, R $26.9B v $22.95Be

[08:50] {Threei}  [08:11] {Alert} Threei - Q1 Net new credit extended $150B

[08:50] {Threei}  [08:11] {Alert} Threei - Q1 ROE 5.00% v 1.00% q/q

[08:50] {magoo} not much reaction?

[08:50] {Threei}  and a whole lot of words

[08:51] {Threei}  notably,

[08:51] {Threei}  - States that TARP money has become a 'scarlet letter' for banks

[08:52] {magoo} pretty good report tho

[08:53] {Threei}  well, market recovered nicely

[08:53] {Threei}  and JPM went buck and half off lows

[08:55] {Threei}  market is depressed by GGP

[08:55] {Threei}  01:45am [GGP] Files for Chapter 11 Bankruptcy ($27.3B approximate liabilities)

[08:59] {cosmo} ATVI

[09:00] {fernp} Hello everybody

[09:00] {Threei}  fern :)

[09:01] {pita} hello, hello

[09:01] {Threei}  STEM

[09:01] {Threei}  SIGNS LICENSE AGREEMENT WITH MAJOR PHARMACEUTICAL COMPANY COVERING GENE INSERTION TECHNOLOGY

[09:01] {Threei}  - A major international pharmaceutical company has taken a non-exclusive license to the Companys recently acquired Internal Ribosome Entry Site (IRES) technology.

[09:01] {Threei}  - The IRES technology enables the dual expression of a protein of interest and a selectable marker, thereby enabling researchers to genetically modify any mammalian cell and monitor the activity of a particular gene of interest in living cells or tissues without blocking the normal function of the gene.

[09:01] {Threei}  - The financial terms of the license are confidential

[09:04] {dino} gm all

[09:04] {Threei}  dino :)

[09:05] {Threei}  that's an unusdual event for STEM

[09:05] {dino} isrg, misses and goes up?

[09:05] {Threei}  normally it moves on general sector news, very rarely has its own

[09:08] {ese} good morning....one more day of repreive waiting for the new Visa........$%#$#@  talk about snail mail

[09:08] {Threei}  ese :)

[09:08] {Threei}  your FITB is active again

[09:09] {ese} I scalped it again at school yesterday at lunch......81 to .90 +.09 on 20000shs

[09:10] {Threei}  you are ruthless

[09:10] {dino} you will be quitting your teaching soon

[09:10] {ese} it works for this stock vad the big shs.......the liquidity is great

[09:10] {Threei}  at such rate, he will be quitting his trading soon too

[09:11] {Threei}  that;s the whole idea of scalp type I

[09:11] {ese} well i would like to cut back that teaching load....don't want to totally give it up

[09:11] {nemo} nah...he's addicted

[09:11] {Threei}  take advatntage of liquidity by playing big size

[09:11] {magoo} but commission becomes an issue vad

[09:12] {Threei}  not if you use ECN rebate at least on one side

[09:12] {Threei}  and if you can use it on both, trade is almost commissions free

[09:13] {dino} you've created an animal

[09:13] {cosmo} ATVI gets busy

[09:14] {cosmo} @11

[09:14] {dino} bkc

[09:14] {dino} out pre .25, +.25

[09:16] {ese} is this lookin like an up day......

[09:17] {Threei}  so far

[09:17] {Threei}  changes on a dime lately, you know :)

[09:18] {ese} hey dino......if i keep this goin....got permission from my wife  to fly to Mertle Beach to do some golf

[09:18] {pita} so looking for breakouts?

[09:18] {dino} sweet

[09:18] {ese} skins....50 cents a hole....ehhhhhhhh what da ya say?

[09:19] {Threei}  I would prefer pullbacks still, pita

[09:19] {Threei}  may have to go for a break if we get consolidation and open break

[09:19] {pita} watching banks or more?

[09:20] {ese} go with pullback pita.......any breakouts i've tried in the last three weeks basically fail

[09:20] {Threei}  banks and whatever else scanner spits

[09:21] {dino} indeed

[09:21] {pita} thanks guys - happy for you ese, and working on doing the same

[09:22] {ese} does anyone know when ORCL reports?

[09:22] {magoo} u never know ES...i took some breakouts 

[09:23] {ese} very true mags....probably just the stocks i'm monitoring

[09:23] {dino} % higher on pullbacks for me

[09:24] {magoo} dino..ISRG has a 5 day gap to fill 101

[09:25] {pita} I'm not so good at figuring the extent of the pullback; do you have a guide for that?

[09:26] {dino} sun news reminds me of yahoo msft

[09:26] {ese} doesn't look like it's going to fill it today mags

[09:26] {pita} do you use fib for that?

[09:26] {dino} me?

[09:26] {dino} 5 day charts

[09:26] {pita} anyone using pullbacks

[09:27] {dino} me, but "big" ones

[09:27] {ese} I have been pita

[09:27] {dino} more capit type

[09:27] {pita} the missing ingredient for me is patience to wait for good entry

[09:27] {dino} ex, watch bkc around 18.50

[09:28] {Threei}  one thing to keep an eye on, breakouts wise

[09:28] {Threei}  WFC

[09:28] {Threei}  after that huge gap it topped out just under 20

[09:28] {Threei}  after some dancing around it approaches 20 again

[09:29] {dino} nok

[09:29] {Threei}  it's also the resistance from Jan - Feb

[09:29] {Threei}  if WFC takes 20 with some market help, I'd say it's a candidate for another stunning move

[09:30] {dino} hmmm nok misses and pops, intc hits and drops

[09:31] {Threei} Long Setup:  STEM  1.80 if holding above 1.70

[09:31] {ese} L ORCL .80

[09:32] {ese} out .87

[09:32] {nemo} big drop WFC

[09:32] {ese} +.07 3 lots

[09:32] {nemo} smack ese with a wad of cash

06[09:32] * nemo slaps ese around a bit with a large bag of quarters

[09:33] {ese} that felt good

[09:33] {nemo} masochist

[09:33] {ese} ouch

[09:33] {dino} bkc fast fall, watch yesterdays low imo

[09:33] {Threei}  WFC bounce ready

[09:33] {nemo} already ounced

[09:33] {nemo} b

[09:34] {wulff} look at Rimm

[09:34] {Threei}  UPDATE: CNBC REPORTS IBM NOT INTERESTED IN NEW TALKS WITH JAVA

[09:34] {Threei}  {IBM}

[09:37] {ese} yaa rimm has open sky above

[09:37] {Threei}  FITB fast drop

[09:38] {ese} boy did it

[09:38] {Threei} Long Setup:  FAS  .75

[09:39] {ese} fitb reports next week....i'm very wary of it

[09:39] {Threei}  stop for scalpers under .70, for day traders under .60

[09:39] {Threei}  Prez on TV

[09:40] {nemo} stop on fas

[09:40] {ese} L rimm .21

[09:41] {magoo} l axp .80

[09:41] {ese} would prefer to have the q's showing up....but we'll see

[09:41] {dptl} l fas .75

[09:43] {ese} out rimm .60 +.39

[09:44] {magoo} nice

[09:44] {wulff} the banks are fine.... go up

[09:44] {dino} ugh original idea bkc was correct

[09:44] {fernp} gj

[09:44] {ese} tks

[09:44] {ese} dangerous now with q's really against it

[09:44] {Threei}  no worky FAS

[09:44] {dptl} stopped fas

[09:45] {Threei}  AAPL salmon

[09:46] {nemo} wfc sitting on yesterdays close

[09:46] {Threei}  hmm?

[09:47] {Threei}  it's 60 cents under yest close

[09:47] {nemo} i lied...morning low

[09:49] {dino} lol

[09:49] {magoo} offering OUT AXP 09

[09:49] {magoo} +.29

[09:50] {dino} gj

[09:51] {Threei}  AAPL

[09:51] {Threei}  .10 long, half lot

[09:51] {Threei}  if holding above 118.90

[09:53] {Threei}  invalidated, .50 - .60 area is next of interest

[09:54] {ese} L rimm .55

[09:54] {ese} rats missed .50

[09:54] {nemo} stop ese?

[09:55] {magoo} grabed AAPL 119 crossover

[09:55] {ese} .40

[09:56] {ese} damn thing moves too fast for me....want quick stop

[09:57] {magoo} out .40 TY boss

[09:57] {ese} out rimm .82 +.27

[09:57] {Threei}  perfect spike RIMM

[09:58] {Threei}  wtg ese

[09:58] {ese} whoaaa look at it

[09:58] {magoo} hey..my AAPL crossover was nice

[09:58] {Threei}  GM

[09:58] {Threei}  REPORTEDLY UNDER GOVERNMENT PRESSURE TO SELL GMC BRAND

[09:58] {Threei}  wtf

[09:58] {ese} don't know if I like stocks like that

06[09:58] * nemo pats mags on the head

[09:58] {Threei}  sure was mags, there there

[09:58] {magoo} looking for approval from the master

[09:58] {magoo} lol

[09:58] {Threei}  lol

[09:59] {ese} you have my un dying admiration mags

[09:59] {magoo} i know...but like the child...i need vads he he

[09:59] {dino} ebs l .89

[10:00] {Threei}  APR PHILADELPHIA FED INDEX: -24.4 V -32E

[10:00] {ese} Fitb....what the heck is it doin...all over the map for that stock

[10:00] {dptl} mxim?

[10:01] {Threei}  14.50 is serious break on daily for MXIM

[10:01] {Threei}  I hate lack of volume on it

[10:01] {dptl} yes 

[10:01] {nemo} ese mimicing fas

[10:01] {Threei}  but with market help should be a nice breaj

[10:02] {ese} almost exactly to a tee nemo

[10:03] {dino} out ebs .05, +.16

[10:03] {dino} ugh isrg

[10:03] {ese} wow look at that dump on it dino

[10:04] {ese} topped out maybe.....may go dn to cover that gap

[10:05] {dino} and i said to magoo, lets short it, but it kept going up

[10:05] {ese} Vad....in what way would FAS be connected to the QQQQ

[10:05] {Threei}  not directly, just in generall market direction sense

[10:06] {Threei}  SPY should be better correlation for FAS

[10:06] {ese} tks

[10:06] {dino} more to dji, s/p imo

[10:06] {Threei} Long Setup:  WFC  19 break if holding above .90

[10:07] {ese} tks

[10:07] {dino} dji, s/p lods

[10:07] {dino} feeling heavy

[10:08] {Threei}  PALM

[10:08] {Threei}  this thing is getting serious

[10:08] {dptl} wfc still valid?

[10:08] {Threei}  yes but keep an eye on FAS

[10:08] {Threei}  WFC needs its help

[10:09] {dptl} and stem still valid?

[10:09] {ese} are you thinkin up on fas

[10:09] {nemo} not showing that yet ese

[10:11] {Threei}  with any market help PASLM is aiming for 10 and higher

[10:11] {Threei}  PALM

[10:11] {cosmo} hmmm

[10:11] {dptl} in wfc

[10:12] {nemo} in

[10:13] {Threei}  if survives this market downtick, will probably be capable of more than scalp

[10:13] {ese} fas....good lokkin daily chart

[10:13] {wulff} can sense that fight

[10:16] {_jfjf64} wfc still good to enter   was  gone min

[10:16] {ese} L FAS .66  hmmmmm I bit on the uptick in the s/p

[10:18] {nemo} finnies were up so much yesterday, even as much as they are down, their still way above yesterday

[10:18] {Threei}  don't want to impose my my trading decisions on you, so if you are inclined to scalp, do so by all means

[10:18] {Threei}  I intend to partial

[10:18] {nemo} yeah, long out of wfc

[10:18] {_jfjf64} ty

[10:19] {magoo} palm vad?

[10:19] {Threei}  looks very string but finding an entry on it is a problem

[10:20] {dptl} half out wfc

[10:20] {Threei}  WFC 1:1, half out for me

[10:21] {dptl} out all .17  ty

[10:21] {fernp} out ty Vad

[10:21] {Threei}  welcome

[10:21] {dino} ady range wow

[10:21] {dino} ebs round two coming

[10:21] {dino} .40 trig imo

[10:22] {ese} fas stop .60 

[10:22] {dino} plcm near lod

[10:24] {nemo} RIMM looking toppy

[10:24] {ese} out fas ...stopped -.06

[10:25] {ese} dumb dumb dumb.....had $300 in my pocket......at .71

[10:25] {dptl} stem still valid ?

[10:26] {Threei}  discretionary

[10:26] {Threei}  formally yes...

[10:26] {dptl} ok ty

[10:26] {Threei}  whether it prepares something or just died on the vine, no idea

[10:26] {pita} ty Vad Ese Dino - my best day this year.  Quitting while ahead.  Maybe cu later...

[10:27] {Threei}  this stock is a wierdo

[10:27] {Threei}  wtg pita

[10:27] {Threei}  great to hear

[10:27] {ese} see ya pita

[10:27] {dino} plcm l .67 stop lod

[10:27] {Threei}  okay WFC

[10:27] {Threei}  let's do it

[10:27] {cosmo} PALM ...gonna test for another leg soon

[10:27] {Threei}  take .20 and show those pesky scalpers what you are capable of

[10:27] {cosmo} 9.98 hod

[10:28] {cosmo} needs to hold .70 imo

[10:29] {dino} ady v sm v risky l .60

[10:29] {dino} did not expect that one

[10:30] {Threei} Long Setup:  RIMM  half lot .15

[10:30] {Threei}  if stays bove 66

[10:31] {magoo} in rimm

[10:31] {magoo} in aapl

[10:31] {dptl} in

[10:31] {magoo} ,40

[10:31] {Threei}  anything magoo is not in?

[10:31] {Threei}  RIMM 1:1

[10:31] {dptl} out ty

[10:32] {Threei}  broken record:

[10:32] {Threei}  IMF REITERATES VIEW THAT COORDINATED GLOBAL EFFORT IS NEEDED TO DEAL WITH FINANCIAL CRISIS

[10:32] {cosmo} buy globeros

[10:32] {magoo} out .37 RIMM FL ty boss

[10:33] {dino} ebs stop to b/e

[10:33] {magoo} out AAPL here

[10:34] {magoo} +.450

06[10:34] * Threei slaps magoo around a bit with a large roll of cash

[10:34] {dino} stopped reverse slip .43, +.03

[10:34] {magoo} again please

[10:34] {Threei}  nope... you enjoy it too much

[10:34] {Threei}  WFC... scalpers win

[10:34] {Threei}  again

[10:35] {magoo} wierd..BIDU down GOOG up

[10:37] {dino} plcm stopped .53 -.14

[10:38] {dino} goog reports tonight

[10:39] {Threei}  that ought to be interesting

[10:40] {Threei}  30 points move in a matter of 3 seconds, lol

[10:40] {nemo} oh yeah, you made a killing on a 15 second scalp last time

[10:40] {Threei}  no slightest intention to repeat it this time, lol

[10:40] {magoo} excuse me vad..bnut it usually 35 points 

[10:40] {nemo} at this time

[10:41] {magoo} my only reason for livving is the goog, aapl, rimm, gs reports

[10:42] {Threei}  you need to get out more mags

[10:42] {Threei}  get a life

[10:42] {Threei}  meet people

[10:42] {magoo} why?

[10:43] {Threei}  surely there are must be some women aroun d to show you that here is more to life than goog, aapl, rimm, gs reports

[10:43] {Threei}  sheesh, my typing worsens by day

[10:43] {Threei}  just when I think it hit rock bottom

[10:44] {magoo} u should sign up for theionlinertading cvourse i take vad

[10:44] {Threei}  yeah, I see it does miracles to your typing

[10:45] {magoo} weant thesite?

[10:45] {magoo} futes ugly herre

[10:45] {Threei}  typeingbeter.com?

[10:46] {nemo} omfg

[10:46] {Threei}  that's my site... oddly enough, not many clients

[10:46] {magoo} lol

[10:46] {ese} whats goin on?

[10:47] {Threei}  I don't see any news

[10:49] {magoo} doug kass pressing his skf long and spy short here

[10:49] {magoo} hes been dead on

[10:49] {Threei}  ahhh... missed this:

[10:49] {Threei}  04/16/09 10:17am

[10:49] {Threei}  [PALM] Palm, Inc Hearing renewed takeover chatter circulating

[10:49] {Threei}  - Dell rumored as potential acquirer, same chatter as back on 3/13/09

[10:49] {Threei}  remember we once specualted about DELL as possible suitor for PALM?

[10:49] {dino} schw l .15

[10:49] {Threei}  seems to take life on its own, lol

[10:50] {dptl} lbtya?

[10:53] {Threei}  nice chart for a strong bull day

[10:53] {Threei}  for what we have so far, not so much

[10:53] {dptl} ok ty

[10:56] {magoo} L spy .87

[10:59] {dino} bkc l .70, stop lod

[11:01] {magoo} 1:1

[11:01] {dawg} thanks Magoo for SPY

[11:02] {magoo} take it dawg?

[11:02] {dawg} Yes for dime scalp ty

[11:02] {magoo} im still in

[11:02] {magoo} u DAWGlol

[11:02] {dawg} you are doing just fine the DAWG

[11:05] {dptl} cl?

[11:06] {Threei}  same chart... same comment

[11:06] {Threei}  *STRESS TESTS TO BE RELEASED BY MAY 4 - CNBC

[11:06] {dptl} :) ye thougt so ...ty

[11:06] {Threei}  I feel stressed already

[11:06] {Threei}  and tested

[11:07] {dino} ebs l .68

[11:09] {Threei}  DETAILS ON STRESS TEST ASSUMPTIONS APRIL 24

[11:09] {Threei}  - May 4 release will includes stress test results and capital plans for filling holes

[11:10] {dino} i.e. selling shares

[11:14] {dino} ebs stop to .89

[11:14] {Threei}  BRCD

[11:14] {Threei}  REPORTEDLY IBM TO SELL CO. ETHERNET SWITCHING AND ROUTING PRODUCTS

[11:14] {dino} to .94

[11:15] {dino} to .98

[11:15] {dino} out +.30

[11:15] {Threei}  wtg'

[11:15] {dino} too tight

[11:16] {magoo} out .13 SPY

[11:16] {magoo} +.20 something

[11:16] {dino} ty

[11:16] {nemo} .26 mags

[11:17] {magoo} u go nemo?

[11:17] {dino} gj nemo

[11:18] {nemo} not me, mags said 20 something, I remembered he went in @ .87

[11:18] {magoo} ok..lol...ty

[11:19] {magoo} once u start doing that..ass lazy as i am..ill expect u to calculate them all for me ..ok

[11:19] {dino} ahhh

[11:19] {nemo} for some reason, that moment found my one good braincell

[11:19] {dino} ass lazy, thats a new one

[11:20] {nemo} he's backwardated

[11:20] {nemo} disleximicated

[11:20] {Threei}  you guys are so tude... I am blushing here

[11:20] {nemo} fubar

[11:20] {Threei}  rude

[11:20] {nemo} bohica

[11:20] {dino} lol

[11:20] {nemo} hehehehe

[11:21] {dino} intc l .45

[11:23] {dino} schw ap fill

[11:25] {dino} gap

[11:25] {Threei}  action all but disappeared

[11:26] {larisa} I bet we will go into weekend with DOW over 8200. Anybody with me ? 

[11:26] {nemo} hate optimists

[11:26] {larisa} lol

[11:26] {Threei}  under 7800 larisa

[11:26] {patience} i thought we would start a correction by tomorrow.  You are probably right though Larisa.

[11:26] {Threei}  [11:26] {nemo} hate pessimists just as well

[11:27] {larisa} I asked who is with me, not against me :)

[11:27] {Threei}  oh, sorry

[11:27] {patience} my mistake

[11:27] {larisa} lol

[11:27] {Threei}  I just wanted to fill the range of bets

[11:28] {Threei}  since we are at 8000, 200 down seemed to be perfect balance vs your 200 up

[11:28] {Threei}  this way we leave whole 400 points for other room members

[11:29] {Threei}  on, and we leave nemo option to hate both of us

[11:30] {nemo} put you on my "Disgruntled Postal Worker Fantasy List"

[11:30] {Threei}  uh oh

[11:30] {nemo} some names are in pencil...some in pen...

[11:31] {Threei}  Newman! (in my best Seinfield voice)

[11:31] {nemo} market has been spending alot of time in a coma lately

[11:32] {larisa} it called congestion.. before we spike up like crazy :)

[11:32] {Threei}  I prfer consolidation

[11:33] {Threei}  congestion is too closely associated with indigestion

[11:33] {nemo} fine, you use the word coma

[11:33] {larisa} lol

[11:33] {Threei}  coma is my usual state

[11:33] {Threei}  market is trying to imitate

[11:33] {nemo} yeah...so you're one with the market...duh.

[11:34] {larisa} consolidation is something nice and healthy and market looks sick, congested

[11:34] {Threei}  sure.. principle of oneness...

[11:34] {Threei}  hmmm... if it's sick, how come you bet on +200?

[11:35] {larisa} because all wait for correction to hit 

[11:36] {Threei}  not me...

[11:36] {Threei}  I just had to take opposite side of your call

[11:36] {larisa} lol

[11:37] {Threei}  but my take is, surprise rally is brewing

[11:37] {dino} i'll take either up or down 200

[11:37] {dino} pita, see schw fill that gap from yesterday

[11:38] {ese} see ya in an hour......

[11:39] {Threei}  take care ese, we'll be here

[11:39] {Threei}  (even if comatose)

[11:40] {pita} yes, dino - but how do you pick entry?

[11:40] {Threei}  in past days, this kind of market climb we had over last 40 min or so produced sharp pullback, then recovery and rally

[11:41] {Threei}  let's see if we get WFC drop into 19 on this idea

[11:41] {nemo} fas break of .71?

[11:41] {Threei}  and try to take it there

[11:41] {Threei}  no

[11:41] {Threei}  no breakouts

[11:41] {nemo} need consolidation

[11:41] {Threei}  if scenario above materializes, pullback into .50 are is our entry idea

[11:43] {Threei}  here starts WFC pullback

[11:43] {_jfjf64} lost me

[11:43] {Threei}  at which turn?

[11:43] {larisa} .50 entry was for FAS jf

[11:44] {_jfjf64} ty

[11:44] {Threei}  WFC, want pullback into 19 for long entry,

[11:44] {Threei}  FAS, want pullback into .50 for long entry,

[11:44] {dino} pita, i jumped gun on it

[11:44] {Threei}  if they continue climbing, letting them go

[11:45] {dino} but usually depends on markets if dropping which happened, then wait for .05 above the gap usually

[11:45] {dino} but in general, i want something down a buck+ bto consider

[11:46] {dino} but use a 5 day for a(w)hile (as family guy says) to find entries

[11:46] {magoo} in wfc .17

[11:47] {nemo} frickin wfc frickin fas

[11:47] {dino} up

[11:47] {pita} k

[11:47] {dino} vivo

[11:47] {dino} mktx

[11:55] {dino} sm l vivo .00, stop .77

[11:57] {dino} intc stop to .57 stingy mode

[11:59] {dino} i effectively killed the bkc

[11:59] {magoo} out wfc ..dimer

[12:00] {dino} out intc +.12

[12:01] {nemo} anyboy thinking WFC short?

[12:02] {dptl} Vad, is that c$h on lbtya?

[12:02] {magoo} i dont l;ike short anything today,..just my o...but i like long

[12:02] {Threei}  just JBE consolidation

[12:02] {nemo} scarin' me magoo

[12:03] {dino} deck coming down to open gap perhaps 59.30

[12:03] {Threei}  if that's C&H, it sure is not a noble china

[12:03] {dino} or not

[12:03] {magoo} do not be afraid..said the spider to the fly

[12:04] {dptl} well from ..like 11:00

[12:04] {Threei}  yeah, I see it

[12:04] {Threei}  volume doesn't really shape up as C&H

[12:04] {Threei}  as JBE though, why notr

[12:05] {dptl} ok...are gonna take it?

[12:05] {Threei}  but they are being played similarly in this case, so it's a moot point

[12:05] {dptl} you

[12:05] {Threei}  me no

[12:06] {dptl} ok ty

[12:06] {dino} abbott and costello again

[12:08] {Threei}  me is in wait for pullback mode

[12:08] {nemo} WFC short might work out

[12:08] {Threei}  me ignores breakouts at this point

[12:10] {dino} wmt pretty good drop

[12:11] {Threei}  FED ANNOUNCES PLANS TO PURCHASE AGENCY COUPONS TOMMOROW FOR 10/2015 THROUGH 7/2032

[12:11] {dino} sm l .60

[12:11] {Threei}  not sure if this is what propped the market just now

[12:11] {Threei}  but something did

[12:12] {dino} ady out of the blue out .10, +.50

[12:12] {dino} opps only partial

[12:12] {nemo} that made a shooting star dino

[12:13] {dino} made my lunch

[12:13] {dino} a bit volitile

[12:21] {Threei}  JPM...

[12:21] {Threei}  33 break is interesting for long

[12:21] {nemo} I thought no breakouts during lunch?

[12:22] {fernp} DRYS breaking hod

[12:22] {Threei}  this one is different

[12:22] {dino} lunchbreaks during lunch

[12:24] {dptl} why it's different?

06[12:24] * magoo slaps dptl around a bit with a large trout

[12:24] {nemo} don't ask questions dp

[12:25] {magoo} because it reported this morn..its a majpor player

[12:25] {dino} bkc stopped -.21

[12:25] {dptl} i see :)

[12:25] {dino} vivo stopped -.21

[12:26] {Threei}  magoo is right

[12:26] {Threei}  and it's invalidated anyway

[12:27] {magoo} magoo faints

[12:27] {dptl} lol

[12:27] {magoo} [12:27] {&Threei}  magoo is right

[12:27] {dino} watching "chuck" for pullback

[12:27] {nemo} Dino! check on mags

[12:27] {Threei}  okay, here comes my pullback

[12:27] {Threei}  hopefully

[12:27] {magoo} head hits keyboard buy button..in jpm

[12:27] {Threei}  lol

[12:27] {magoo} unconsciousas it tanks

[12:28] {dino} lol

[12:28] {Threei}  UBS FOLLOW UP: REPORTEDLY JOB CUTS AT UBS MAY INCLUDE 2,000 JOBS IN WEALTH MANAGEMENT UNIT

[12:29] {Threei}  less wealth to manage I'd guess

[12:29] {dino} roflol

[12:29] {larisa} lol

[12:29] {dino} apparently they mis-managed

[12:32] {dino} spir

[12:32] {dino} thin

[12:32] {nemo} that's an understatement

[12:34] {dino} can't borrow

[12:34] {nemo} steal

[12:35] {dino} so i'm reading in todays paper these electric cars obamination is pushing will cost $15k more than gas powered, thats a lot of gasoline to buy in trade off

[12:37] {Threei}  he has a plan dino

[12:38] {Threei}  raise the price of oil artificially and problem solved

[12:38] {nemo} cap&trade

[12:38] {dino} he has something, just not sure what

[12:39] {dino} and he forgets that this electricity must come from somewhere (coal, nat. gas, oil)

[12:39] {dino} be much cheaper to go to nat. gas

[12:42] {ese} like a bad "do" i'm back

[12:42] {Threei}  see... yo are trying to plasy the price card

[12:42] {Threei}  but it gets trumped every time by "we have to save the planet"

[12:42] {nemo} fas getting H&S?

[12:43] {_jfjf64} jpm??

[12:43] {Threei}  gosh... if that's H&S, it's so ugly I'd rather see that head being axed

[12:44] {nemo} back to the axe again

[12:44] {nemo} it just turne up

[12:44] {magoo} JPM

[12:44] {magoo} blasts 

[12:44] {Threei}  JPM broke fastre than I could type

[12:45] {nemo} wfc broke too

[12:45] {magoo} iu caufght .08

[12:45] {Threei}  get out

[12:45] {Threei}  too vertical

[12:46] {magoo} out .25 

[12:46] {magoo} ty

[12:49] {dino} snda back to old tricks

[12:50] {nemo} RIMM new highs

[12:51] {dino} bkc wants retest yesterday lows

[12:51] {Threei}  IRAQI OIL MIN: OPEC EXPECTS PRICES TO CONTINUE RISING OVER NEXT SEVERAL MONTHS

[12:52] {Threei}  they rehired old information minister?

[12:52] {dino} wynn

[12:53] {dptl} vmc

[12:55] {dino} schw l .35

[12:55] {Threei}  mags

[12:55] {Threei}  do we get re[eat of eod rally today?

[12:55] {magoo} i felt it was strong all day vad, BUT

[12:55] {nemo} looks like it's started already

[12:56] {magoo} last 30 minutes is tough call

[12:56] {dino} spikes everywhere, plce

[12:56] {ese} Lfitb .39

[12:56] {magoo} oh wait, yes with goog powering up and reporting..yes..UP IT IS

[12:57] {dino} where do those stairs go magoo?

[12:58] {magoo} UP

[13:00] {dino} lorl

[13:00] {dino} thin

[13:01] {Threei}  GE

[13:01] {Threei}  .10 break is probably wortj a try

[13:01] {nemo} jbe

[13:03] {Threei}  1:1 for scalpers

[13:06] {_jfjf64} too late for me    anyone able to get

[13:06] {nemo} no

[13:07] {dino} bkc l .50 stop lod

[13:07] {ese} going blind....am actually long FITB .38

[13:12] {ese} am really this consolidation at .38 with fitb

[13:12] {ese} really liking

[13:15] {dino}  tell us how you really feel

[13:17] {ese} welllllllll........it all started in a backwoods shack blah blah blah

[13:18] {dino} :)

[13:19] {Threei}  1 month since quitting smoking today

[13:19] {magoo} any cheating

[13:19] {Threei}  nope

[13:19] {magoo} congrats

[13:19] {Threei}  nicotine inhaler

[13:19] {Threei}  no single cigarette

[13:19] {Threei}  and no craving

[13:20] {ese} this is great.....we would love to have you around for along time to come......personally i mean.....can't speak for anyone else on the board

[13:20] {Threei}  that makes you rather an exception ese

[13:20] {Threei}  I appreciate that though :)

[13:21] {dino} wtg

[13:22] {dino} shld strong

[13:22] {dino} spikes

[13:22] {magoo} u didnt give up bacon did u

[13:23] {Threei}  you know I am dead if I do that

[13:23] {magoo} 400 magnet now on goog

[13:24] {Threei}  if FITB takes that .40 with finnies, you should get nice scalp out of it ese

[13:25] {_robert} fitb

[13:25] {_robert} sorry mistake

[13:25] {Threei}  we all do it robert

[13:26] {Threei}  typing symbol in the room instead of quotes and wondering why quotes won't come up

[13:26] {ese} definately........

[13:27] {Threei}  amazingly enough, BRCD moved on that news with IBM

[13:27] {Threei}  been a while since this kind of news moved small stocks

[13:28] {Threei}  or maybe just moved with market

[13:32] {dino} ady stop to .95

[13:33] {dino} stopped ady remainder .90, +.30

[13:36] {dino} cetv blood

[13:36] {vinod} good afternoon

[13:37] {Threei}  vinod :)

[13:45] {ese} ummmm yaaaaaaa ahhhhhhhh........yawn

[13:45] {Threei}  I second that

[13:46] {_jfjf64} 3rd that

[13:46] {ese} still hangin in there with fitb

[13:46] {ese} it stayed put while the market retraced......a berry berry good sign

[13:48] {Threei}  true... but need market/fin sector to come alive and start kicking those buttocks again

[13:52] {ese} indeed

[13:53] {ese} auch du miya......how dare patience step away from the board....well i never......

[13:53] {Threei}  okay... this is likely to be a turn

[13:53] {ese} for the beter I hope

[13:54] {Threei}  WFC

[13:54] {Threei}  pullback closer to .15

[13:54] {Threei}  with stop under .10

[13:54] {Threei}  first strength from here

[13:55] {Threei}  hmm... no strength

[13:55] {Threei}  let's let it stabilize

[13:56] {Threei}  and hopefully establish new range

[13:56] {Threei}  yeah right

[13:56] {Threei}  just up and down, without anchoras

[13:56] {_jfjf64} lol

[13:57] {Threei}  didn't want to buy .12 - .13

[13:57] {Threei}  chance to get just a few cents before new leg down was too big

[13:57] {dino}   cetv hl l .92 stop .64

[13:57] {patience} i is back ese

[13:59] {nemo} RIMM just keeps going

[14:00] {Threei}  I don't like you, WFC

[14:04] {ese} ahhhhhh haaaaaaa!     the board just cannot function properly without you

[14:05] {patience} working on my income tax, very depressing

[14:05] {Threei}  just send CRA a tea bag

[14:05] {Threei}  I did

[14:06] {nemo} finnies doing the stealth creep

[14:06] {Threei}  anonymously too

[14:06] {nemo} GE heading for hod

[14:06] {ese} we just get someone to do it

[14:07] {ese} I'll bet i couldn't do my income tax properly anymore

[14:07] {patience} i do my income tax before the accountant gets everything...i invariably find something he doesn't consider applicable but i do

[14:07] {ese} your much better ati it than I am for sure

[14:08] {Threei}  JPM

[14:08] {patience} i am motivated

[14:08] {Threei}  this pullback into 33 must be buyable

[14:09] {Threei}  will this one give a range?

[14:09] {Threei}  tired of vagueness today

[14:09] {Threei}  too many situations where I am unable to give exact entry and estop

[14:10] {Threei} Long Setup:  JPM  .15 half lot

[14:11] {dptl} in

[14:11] {magoo} in 

[14:12] {dptl} stop just under 33? right

[14:12] {Threei}  that was question and self-answer I understand

[14:13] {dptl} :) yep ..

[14:13] {Threei}  I like you

[14:13] {Threei}  you make my work easy

[14:13] {Threei}  I can just nod

[14:13] {Threei}  or continue sleeping

[14:13] {Threei}  1:1 is coming

[14:13] {Threei}  make up your mind

[14:13] {Threei}  here we go

[14:14] {dptl} out 1:1 at .30 ty......welcome..lol

[14:14] {Threei}  {nod}

[14:14] {magoo} out there .35

[14:14] {_jfjf64} out.27  1:1 ty

[14:15] {Threei}  welcome you two - now go learn from dp, will ya?

[14:15] {Threei}  he is on self-serve

[14:15] {Threei}  says ty, says welcome

[14:15] {Threei}  I can just nod

[14:16] {_robert} out .32 ty

[14:16] {Threei}  {-- crying

[14:16] {Threei}  welcomew

[14:16] {dptl} lol

[14:16] {Threei}  :)

[14:16] {Threei}  at least some fun, lol

[14:16] {_jfjf64} see  ya  gv  price to get in    lol

[14:17] {Threei}  wanted it closer to 33...

[14:17] {Threei}  but it etsbalished range to break a bit higher

[14:18] {Threei}  so I had to cut it half lot to accomodate wider stop

[14:18] {ese} out fitb .46 +.08 on lottsa shs...see ya tomorow

[14:19] {Threei}  good job ese, take care

[14:19] {Threei}  love those 10-20K shares plays of his

[14:21] {Threei}  ok... does that relentless march up start?

[14:22] {Threei}  'cause if it is, I want in

[14:23] {dino} cetv stop to .89

[14:24] {Threei} Long Setup:  WFC  .55 if stays above .45

[14:24] {Threei} Long Setup:  FAS  .01 if stays above .95

[14:25] {dptl} in fas

[14:25] {nemo} too fast

[14:25] {Threei}  modify WFC

[14:25] {Threei}  .52 long

[14:26] {nemo} re enter fas?

[14:26] {nemo} well gone again

[14:27] {Threei}  too fast

[14:27] {nemo} in wfc

[14:27] {dino} cetv to .16

[14:28] {dino} to .27

[14:28] {Threei}  come on finnies

[14:28] {Threei}  let's stage repeat of yesteday

[14:29] {dino} to .30

[14:29] {nemo} re enter fas

[14:29] {dino} to .35

[14:30] {dino} to .40

[14:30] {dino} out slipped .28 ugh!!!!!!!!!, +.36

[14:30] {Threei}  half out FAS

[14:30] {dptl} out fas .09 ty

[14:30] {dino} was afraid of that

[14:30] {larisa} nice dino, could not make myself, do not like bottoms that slow :)

[14:30] {dptl} in wfc

[14:30] {Threei}  half oput WFC

[14:31] {nemo} out ty

[14:31] {dptl} out wfc +.10 ty

[14:31] {Threei}  darn scalpers

[14:31] {dptl} whuuuuuu that was fast 

[14:31] {nemo} a lot of fear in market

[14:31] {dino} thx larisaaaaa

[14:32] {dino} both ways it feels like

[14:32] {dino} wall of worry?

[14:32] {nemo} go both ways dino

[14:32] {Threei}  uh oh

[14:32] {_jfjf64} ty

[14:32] {Threei}  welcome guys

[14:33] {dino} never

[14:33] {Threei}  I am trying to stay in in case this is repeat of that ruthless short squeeze

[14:33] {nemo} didn't think so, just stuck your chin out

[14:33] {dino} lol

[14:33] {Threei}  was irritatwed that I missed it yesterday

[14:34] {Threei}  here we go

[14:34] {Threei}  1/4 more out FAS

[14:34] {Threei}  .16

[14:34] {dino} schw to .47

[14:34] {Threei}  1/4 more out WFC .66

[14:34] {Threei}  last portions with b/e stop

[14:35] {dino} tear down that .50 wall schw (in my reagan voice)

[14:36] {dino} out schw .47, +.12

[14:38] {Threei}  life is good

[14:38] {magoo} wells goin for 20 vad

[14:38] {Threei}  out FAS

[14:38] {Threei}  .24

[14:38] {Threei}  WFC, can't decide yet

[14:38] {Threei}  could be a big runner if takes that 20

[14:39] {Threei}  also, I have now this additional benefit:

[14:39] {nemo} wfc or fas?

[14:39] {Threei}  if it doesn't, it will be magoo's fault

[14:39] {Threei}  he went out on a limb with {magoo} wells goin for 20 vad

[14:40] {Threei}  nemo... you see FAS going for 20 in near future?? :)

[14:40] {nemo} I thought you might have meant .20

[14:40] {Threei}  [14:38] {Threei} out FAS

[14:40] {Threei}  [14:38] {Threei} .24

[14:40] {Threei}  [14:38] {Threei} WFC, can't decide yet

[14:40] {Threei}  [14:38] {Threei} could be a big runner if takes that 20

[14:40] {nemo} and just missed the period considering your HORRENDOUS typing skills

[14:41] {Threei}  you know comeback is coming, right?

[14:41] {Threei}  here it is:

[14:41] {Threei}  considering everything I typed, I have to conclude your reading skills haven't exceeded my typing ones by much {GGG}

[14:41] {nemo} Waaaaa Waaaaa Waaaaa Waaaaaa Waaaaaaa....I'm devastated :(((

[14:42] {nemo} bounce of .60?

[14:43] {Threei}  not sure

[14:43] {nemo} it bounced slightly but doesn't look too healthy here

[14:44] {dino} titn?

[14:44] {dino} missed

[14:45] {Threei}  06:30am [TITN] Reports Q4 $0.18 v $0.21e, R $189.0M v $175.9Me

[14:45] {nemo} Titan machinery...midwest CAT dealer?

[14:48] {dino} pretty much

[14:49] {cosmo} plxs

[14:49] {cosmo} wall

[14:50] {Threei}  amazing how formerly boring day suddenly turns so much brighter

[14:50] {larisa} why suddenly? I told you..

[14:50] {Threei}  wait... did you mean todsay?

[14:51] {Threei}  I thought we were talking about end of the week?

[14:51] {dino} she's tough on you vad

[14:51] {magoo} vad views trading with the wonderment of a child lol

[14:51] {Threei}  lol, truwe

[14:51] {Threei}  it amazes me that money comes out of nowhere

[14:51] {magoo} crazy but i took 200 goog @ 391

[14:51] {dino} ohh mannn cetv

[14:52] {cosmo} it comes up from the 'zero' point

[14:52] {Threei}  wow WFC

[14:52] {cosmo} $

[14:52] {dino} well money is not "destroyed" simply changes hands

[14:52] {Threei}  held .50 to the cent

[14:52] {magoo} wanna see if they jam it into close

[14:52] {Threei}  and jumped

[14:52] {magoo} ive seen strippers destrofy $$

[14:53] {dino} no magoo, you lose it, they gain it

[14:54] {dino} i have witnessed that w/you

[14:55] {nemo} geez RIMM 45 angle up since yesterday

[14:56] {magoo} out goog 92.37

[14:56] {dino} bkc stop to .57

[14:56] {dino} toughie

[14:56] {magoo} plus good something

[14:56] {magoo} [14:52] {magoo} crazy but i took 200 goog @ 391

[14:56] {Threei}  lol mags, I am still laughing about that

[14:56] {Threei}  [14:51] {magoo} vad views trading with the wonderment of a child lol

[14:57] {magoo} :)

[14:57] {cosmo} gee, buyers...they're coming back into the water 

[14:58] {dino} that is funny

[14:58] {magoo} sure..frustrated at missing move..so chasing with emotions...ah, good times

[14:58] {cosmo} take me to the water....something like that...

[14:58] {Threei}  but don't make me drink?

[14:59] {cosmo} salt water? ...nah

[14:59] {Threei}  rofl

[15:00] {Threei}  making money and having all this fun - it must be illegal

[15:00] {cosmo} not yet

[15:00] {nemo} when Obama outlaws the market

[15:00] {dino} bkc stingy to .61

[15:01] {dino} out bkc 

[15:01] {dino} +.11

[15:02] {magoo} or at least outlawevil daytraders

[15:02] {dino} wmt to .65

[15:03] {dino} nice to see cramer hasn't lost it, his gld is only down 8 pts

[15:04] {nemo} light volume today

[15:06] {dino} above 5 day ave

[15:07] {nemo} ever look at finviz.com, dino?

[15:08] {dino} nope

[15:08] {nemo} take a look, they have running volume indicators for each market...of course, who's right?

[15:08] {dino} whoa

[15:09] {nemo} like that?

[15:09] {dino} ok, will add to fav

[15:09] {nemo} quotes are delayed, but they give you relative points

[15:09] {dino} thx

[15:10] {dino} schw not moving

[15:11] {dino} wmt to .75

[15:11] {dino} pits are panicing, way short

[15:14] {dino} out wmt +.20, dog!

[15:16] {dino} bkc approaches lod

[15:16] {Threei} Long Setup:  FAS  .33 if holding above .30

[15:16] {Threei}  ridiculously tight stop

[15:17] {Threei}  just must try for another leg up

[15:17] {nemo} didn't give it to me

[15:17] {Threei}  anyone got it?

[15:17] {dptl} in .34

[15:17] {dawg} got.34

[15:18] {Threei}  chance for a jump into .45 - .50 area is worth 5 cents risk I believe

[15:19] {dptl} out 1:1

[15:19] {Threei}  offering half .42

[15:19] {Threei}  too greedy?

[15:19] {dptl} ty....welcome :)

[15:19] {Threei}  WFC new high

[15:19] {Threei}  come on FAS

[15:20] {Threei}  out half .42

[15:20] {_jfjf64} ty

[15:20] {Threei}  welcome

[15:20] {dawg} all out .43 ty Vad great call

[15:21] {Threei}  offering second half .49

[15:21] {Threei}  WFC baby

[15:21] {dino} wow shld, 6 bucks

[15:23] {_jfjf64} any break of 20??

[15:24] {Threei}  out last WFC +.40

[15:25] {Threei}  gotta sit this out a little

[15:25] {dino} gj

[15:25] {_jfjf64} k

[15:25] {_jfjf64} head spinnin

[15:26] {dino} watching vivo, bkc again

[15:26] {magoo} WFC

[15:26] {dino} feeding frenzy

[15:37] {dino} thinking  to fool most, hard drop into close

[15:37] {nemo} that would make sense, but then, you think that

[15:38] {nemo} All cretins are liars and I am a cretin

[15:38] {Threei}  WSJ: FED MAY PROVIDE 5 YEAR LOANS TO COMMERCIAL MORTGAGE BACKED SECURITIES INVESTORS; BECOMING LESS ATTRACTIVE IN THE LATER YEARS

[15:38] {Threei}  GOOG

[15:38] {Threei}  YOUTUBE CLOSE TO ANNOUNCING CONTENT DEALS WITH SEVERAL MOVIE STUDIOS - WSJ

[15:39] {Threei}  20 break is ery tempting

[15:39] {Threei}  on WFC, before nemo asks

[15:39] {_jfjf64} k

[15:39] {Threei}  maybe smaller shares

[15:39] {Threei}  risk is enormous as well

[15:39] {dptl} stop .84?

[15:40] {dino} you may be right nemo

[15:40] {Threei}  yeah

[15:42] {nemo} This is going be crazy 

[15:43] {Threei}  going to be?

[15:43] {Threei}  where have you been last half year?

[15:43] {nemo} I'm talkin this 20 minutes

[15:44] {dino} i think i'll sit out rest of day

[15:45] {nemo} yeah you've got incoming and friendly fire overhead

[15:47] {dino} some good ideas today, thx

[15:47] {Threei}  oh boy

[15:47] {Threei}  just saw a line on tv

[15:47] {Threei}  Bo Obama

[15:48] {dino} will be watching wmy, bkc, schw, vivo, titn tomorrow, fwiw

[15:48] {dino} wmt i mean

[15:48] {Threei}  FWIW? no such symbol

[15:48] {nemo} omg

[15:48] {Threei}  OMG - no such symbol

[15:48] {nemo} FYVM

[15:49] {cosmo} but... thats been my bread and butter

[15:49] {nemo} scaaaaaary

[15:49] {nemo} You win so far Dino

[15:51] {dino} but i did not short it

[15:51] {dino} so in words only

[15:51] {nemo} o, as far as the hard down

[15:51] {nemo} well, relatively hard

[15:51] {nemo} oh...never mind

[15:54] {dino} it's (yo)bama

[15:55] {nemo} jobama

[15:55] {dino} jomamma

[15:55] {nemo} my mamma's dead

[15:55] {dino} opps

[15:56] {nemo} sob the market comes back a tad...I was going to say FAS hoppe back in the bollinger bands

[15:56] {nemo} hopped

[15:56] {nemo} So not hard down, hot hard up...figures

[15:57] {nemo} hot=not...your typing skills are rubbing off on me Vad

06[15:57] * nemo slaps nemo around a bit with a large Mavis Beacon Teaches Typing

[15:58] {patience} nemo, you need to get out more

[15:58] {dino} lol 

[15:59] {Threei}  okay guys

[15:59] {nemo} What movie?

[15:59] {Threei}  before you went any more crazy,

[15:59] {Threei}  thank you all,

[15:59] {Threei}  have a good evening

[15:59] {Threei}  see you tomotrrow

[15:59] {larisa} bye all

[15:59] {fernp} good evening

[15:59] {_jfjf64} ty

[16:00] {dptl} have a good evening all

[16:00] {nemo} P&Q

[16:01] {nemo} Playing GOOG Vad?

[16:01] {Threei}  nah

[16:01] {Threei}  watching, yes

[16:01] {magoo} YES OUT GOOG 397

[16:01] {magoo} SCARY

[16:01] {nemo} tht was my next question mags

[16:01] {magoo} in 390

[16:01] {magoo} 200

[16:01] {nemo} cool mags...good for you

[16:02] {magoo} now look

[16:02] {magoo} heart attack

[16:02] {nemo} yeah

[16:02] {magoo} dont try thbayt

[16:02] {magoo} thay

[16:02] {magoo} that

[16:02] {nemo} schizophrenia

[16:02] {magoo} shakin

[16:02] {nemo} bakin

[16:03] {magoo} 'if vad was here he give me an ass wringin

[16:03] {nemo} he is here

06[16:04] * magoo slaps Threei around a bit with a large trout

[16:05] {nemo} what was the report vad?

[16:06] {magoo} drys pop

[16:06] {Threei}  REPORTS Q1 $5.16 V $4.93E, R$4.07B. (EX-TAC) V $4.08BE

[16:06] {Threei}  - Q1 paid clicks +17% y/y, +3% q/q

[16:06] {Threei}  - Q1 international revenue $2.88B, 52% of total revenue vs 51% y/y

[16:06] {Threei}  - Q1 Google-owned web site ads revenues $3.7B, +9% y/y; -3% q/q; 67% of total revenues{

[16:07] {Threei}  DRYS

[16:07] {Threei}  ANNOUNCES COMPLETION OF THE "ATM" EQUITY OFFERING

[16:07] {Threei}  - The company announced today the completion of the ATM Equity Offering(SM) in which the Company raised gross proceeds of approximately $500 million since commencing the offering pursuant to the prospectus supplement filed on January 28, 2009.

[16:10] {dino} great day, thx all for ideas, gotta hop

Apr 15 2009

Boring day ended up pretty much flat - some qwinds and some stops balanced each other out. Didn't have a feel for the market rythm at all so missed this end of day rally. Oh well.

Session Time: Wed Apr 15 00:00:00 2009

[07:50] {Threei}  (US) WHITE HOUSE ECON ADVISER GOOLSBEE: "NOBODY KNOWS THE CURRENT STATE OF THE BANKS"

[07:50] {Threei}  that's very encouraging

[07:51] {nemo}  oops...he told the truth...end of his job

[07:53] {nemo} Hindsight and all...shoulda' just put a short on in DNDN @ 10:15 and come back in the afternoon to close it :)

[07:54] {Threei}  trading off tomorrow's WSJ is the best strategy

[07:54] {nemo} yeah...was a short lived tv show back a few years, where the guy got tomorrow's paper today...but he was noble an helped save lives...sap.

[08:30] {Threei}  APR EMPIRE MANUFACTURING: -14.65 V -35.00E

[08:30] {Threei}  MAR CONSUMER PRICE INDEX M/M: -0.1% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E;

[08:31] {Threei}  FIRST NEGATIVE US CPI YOY SINCE 1955 - TRADERS

[08:42] {pita} gm everyone

[08:46] {Threei}  pita :)

[08:52] {fernp} Hello everybody

[08:52] {Threei}  fern :)

[08:55] {dino} gm all

[08:55] {Threei}  dino :)

[08:55] {Threei}  magoo is slacking again?

[08:56] {dino} not expecting him until tomorrow

[09:09] {ese} am I in?

[09:09] {ese} guess so

[09:09] {nemo} yeah

[09:09] {Threei}  ese :)

[09:09] {ese} one more day of repreive until my new visa gets here.....

[09:11] {Threei}  DRYS is slightly green

[09:12] {ese} yup ....only thing on my screen that is

[09:13] {ese} other than QID

[09:13] {Threei}  and FAZ :)

[09:14] {nemo} gold and metals green

[09:14] {dino} bkc

[09:14] {nemo} GE slightly green too

[09:15] {Threei}  *MARCH INDUSTRIAL PRODUCTION: -1.5% V -0.9%E; CAPACITY UTILIZATION: 69.3% V 69.9%E

[09:15] {dptl} good morning

[09:16] {Threei}  dp :)

[09:17] {ese} dp

[09:17] {dptl} :)

[09:17] {ese} it's looking sunny in your next of the woods dp

[09:17] {ese} looks beautiful across the straight

[09:17] {ese} from my window at least

[09:18] {Threei}  dp closes curtains in a hurry

[09:18] {dptl} lol....yep looks good here

[09:19] {ese} can you see mount baker from where you are dp?

[09:20] {Threei}  GE reports on Fri

[09:21] {Threei}  C too but C is tainted story

[09:21] {dptl} well..... have to go out side and drive for few min to the spot where i can see it , Ese

[09:21] {ese} ahhhhhhhhh

[09:21] {Threei}  we will wait for you dp

[09:21] {dptl} roflol

[09:22] {Threei}  :)

[09:22] {ese} yup .....go take a look.....looks fab this morning from my vantage point

[09:24] {dino} "fab", oh boy

[09:25] {ese} daily charts on indexes are looking down........can now practise shorting maybe with small lots

[09:25] {Threei}  I don't have clear strategy yet aside of trying to spot unusually strong ones

[09:25] {Threei}  candidates so far are GE, DRYS

[09:25] {magoo} morning

[09:25] {Threei}  magoo :)

[09:25] {Threei}  slacker

[09:25] {magoo} :)

[09:25] {ese} lack of vocabulary dino

[09:26] {dino} :)

[09:27] {_jfjf64} mornin

[09:27] {Threei}  jf :)

[09:27] {ese} jf

[09:28] {magoo} u do well yesterday vad?

[09:28] {Threei}  let's skip first minutes

[09:28] {Threei}  I have no clean setups for opening trades

[09:29] {Threei}  nice thing to see would be GE forming a range between .40 and .55, then breaking it to the upside

[09:29] {dino} 10.59 area big gap ge

[09:29] {Threei}  just want it to happen over 5-15 minutes, not right away

[09:31] {dino} gaps 1300, 825

[09:32] {Threei}  ummmmmmmmmm

[09:32] {Threei}  Prez is to speak later today on a matter of taaxes, with main theme being:

[09:33] {Threei}  restoring the fairness in taxes to end "favoring the wealthy"

[09:36] {dino} not good maket news 

[09:36] {dino} raising cap. gains

[09:40] {Threei} Long Setup:  DRYS  .35 if holding above .20

[09:40] {Threei} Long Setup:  GE  .30 if holding above .20

[09:42] {magoo} in ge

[09:42] {magoo} agress

[09:43] {nemo} in ge

[09:43] {dptl} in ge

[09:43] {Threei}  let's modify DRYS

[09:43] {Threei}  .30 break long

[09:44] {Threei}  want to have tighter stop

[09:44] {dptl} in drys.30

[09:44] {nemo} blew by that

[09:44] {Threei}  1:1 for you dp

[09:44] {magoo} shreesh

[09:45] {dptl} all out drys ty

[09:45] {magoo} out .46 drys

[09:45] {magoo} AWESOME fill

[09:45] {magoo} in .28

06[09:45] * Threei slaps magoo around a bit with a large roll of cash

[09:46] {magoo} unreal fill

[09:46] {Threei}  FEED

[09:46] {ese} nice mags

[09:46] {magoo} fill=feed??

[09:46] {Threei}  continuation from yesterday

[09:46] {Threei}  if you went for that overnight hold, it's coming to 1:1

[09:48] {Threei}  FEED, if you have any,

[09:48] {ese} wanted SCHW......but no place to get in ...no place

[09:48] {Threei}  with any market help looks capable of 4

[09:48] {Threei}  possibly more

[09:49] {dptl} come on ge

[09:49] {pita} too late to enter?

[09:49] {Threei}  not here pita...

[09:49] {Threei}  sharp spike

[09:49] {Threei}  see if we get a pullback

[09:50] {Threei}  you remember yesterday's idea on FEED,

[09:50] {Threei}  that was either scalp for about 15 cents or overnight hold with stop about 30

[09:50] {pita} ok

[09:50] {Threei}  so my comments are for play continuation

[09:50] {Threei}  as a new entry, well... pullback into .50-.60 zone...

[09:51] {Threei}  GE 1:1

[09:51] {dptl} out ge ty

[09:51] {fernp} out GE ty

[09:51] {Threei}  welcome guys

[09:51] {magoo} out GE .43 TY

[09:51] {_jfjf64} ty

[09:51] {Threei}  FEED had news earlier, lewt me dig it out

[09:52] {Threei}  04/15/09 06:55am

[09:52] {Threei}  [FEED] Agfeed Industries Enters hog genetic program arrangement with Hypor (pig breeding division of Hendrix Genetics)

[09:52] {Threei}  - AgFeed's strategic plan calls for development of a platform for the production and sale of approximately 2,000,000 hogs into the Chinese market during 2010-2011.

[09:52] {Threei}  - The key element to this future growth is scientific breeding which is underscored by our arrangement with Hypor.

[09:52] {Threei}  GE 1:2

[09:53] {dino} be stop to .48 ty vad

[09:53] {Threei}  :)

[09:54] {nemo} GE followed FAS slightly

[09:54] {dino} to .58

[09:54] {Threei}  beautiful way to play it dino

[09:54] {ese} L hban .76

[09:54] {dino} out .59, +.29

[09:54] {Threei}  wtg

[09:54] {_jfjf64} nice nice

[09:54] {Threei}  wow ese

[09:55] {Threei}  that's a very risky point of entry

[09:55] {dino} well, risk is his business

[09:55] {Threei}  35 cents almost vertical run

[09:55] {Threei}  why not wait for pullback

[09:56] {Threei}  it's not like I am a stranger to risk as you can gather from my choice of profession...

[09:56] {Threei}  but I want it to be caluclated :)

[09:56] {nemo} what? marriage?

[09:58] {nemo} GE...lotta' resistance at .60 from yesterday

[09:58] {Threei}  jeez... I need to calibrate my scanner tighter, so it doesn't catch this kind of things but for oldtimers, what blast from tha past: DLIA

[09:59] {nemo} DRYS double bottom?

[09:59] {Threei}  that would be triple already

[10:00] {ese} on reflextion ...not the best entry for sure......

[10:00] {nemo} well, tht last one is a tad higher, but....

[10:00] {dptl} feed?

[10:00] {ese} L hban avg .73

[10:01] {Threei}  hard to tell dp, this is not really technically read stock

[10:01] {nemo} BAC Vad?

[10:01] {dptl} ok ty

[10:01] {ese} went after it because of the daily chart......long bottoming tail

[10:01] {Threei}  I am not delighted by BAC

[10:02] {Threei}  HBAN ese?

[10:02] {Threei}  I see whast you mean but why not fine-tune entry by interadayu chart

[10:02] {ese} yes

[10:03] {Threei}  sheesh my typing

[10:03] {Threei}  how do I manage to hit twice as many keys as needed

[10:03] {Threei}  interadayu?

[10:03] {ese} yes i should have wited for this litle pullback

[10:05] {ese} i waited for the qqqq's to show up then went after it....if q's pullback hard i'm in trouble

[10:10] {Threei}  wow

[10:10] {magoo} vad.we in anything

[10:10] {Threei}  what the deuce

[10:10] {fernp} WFC breakot Vad?

[10:11] {nemo} What VAD?

[10:11] {Threei}  let's let the break go, wait for pullback and enter if market continues

[10:11] {Threei}  what what?

[10:12] {_jfjf64} you the boss

[10:12] {nemo} "What the deuce"

[10:12] {Threei}  you don't swee what happened 30 seconds before I said that? :)

[10:12] {Threei}  fern, sharp drop under .40

[10:12] {dino} aipc sm l.20

[10:13] {Threei}  this is what I want to see to enter WFC on strength resupmtion

[10:13] {Threei}  recross of .40

[10:13] {Threei}  with stop under the low of this pullback

[10:13] {nemo} you mean mags comment?

[10:13] {dptl} in wfc .41

[10:14] {dptl} stop .34?

[10:14] {Threei}  yes

[10:14] {Threei}  I mean market spike and FAZ drop

[10:14] {Threei}  no worky

[10:15] {dptl} stopped

[10:15] {ese} out HBAN .82 +.09 on 100000 of the little blighters

[10:15] {larisa} zeros are growing :)

[10:15] {Threei}  one zero too may ese?? :)

[10:16] {nemo} One hundred thousand shares ese?

[10:16] {ese} yes 10000

[10:16] {dino} axys l .25 sm

[10:16] {ese} tks nemo......other risk way out of my line

[10:17] {nemo} I was going to be really impressed

[10:17] {nemo} GE holding up pretty well

[10:19] {Threei}  no continuation to the spike

[10:20] {ese} FITB has the same lookin chart

[10:20] {fernp} lost my internet connection

[10:20] {fernp} any play with GE?

[10:20] {Threei}  if it saved you from WFC, good thing

[10:21] {Threei}  GE forms .60 - .70

[10:21] {fernp} lol

[10:21] {dptl} so long .70 ge?

[10:21] {_jfjf64} ge

[10:21] {Threei}  .71 official trigger

[10:21] {ese} missed it fitb

[10:21] {dptl} in

[10:22] {fernp} in

[10:23] {magoo} in

[10:23] {Threei}  gosh... don't pile up all at once...

[10:24] {nemo} in

[10:25] {dptl} phm?

[10:26] {Threei}  nah

[10:26] {ese} L Drys .30'

[10:26] {nemo} stop on GE vad?

[10:26] {Threei}  [10:21] {Threei} GE forms .60 - .70

[10:27] {nemo} .60 for day trade 65 for scalp?

[10:27] {Threei}  I don't see any significance to .65 as support

[10:27] {Threei}  that would be just an arbitrary stop not based on the chart

[10:28] {dino}  ncty, lufk

[10:28] {magoo} l aapl .55

[10:30] {ese} full lot mags

[10:30] {magoo} 350 sh

[10:31] {ese} am following aapl alot trying to learn how to trade it.......keep getting burnt there....for real and papper trades

[10:31] {magoo} no go

[10:32] {ese} drys ain't lookin too good either

[10:32] {magoo} it follows q ..mkt for most part

[10:32] {magoo} duped me tghere

[10:35] {dino} i hate trading appl

[10:37] {ese} drys stopped....^%$&#^   .19 -.11

[10:38] {ese} i may get to that with that stock dino

[10:40] {nemo} could you kick the market Vad?

[10:41] {pita} still in GE with stop @ .60?

[10:41] {dino} gj pita

[10:41] {ese} drys has a good lookin daily chart........cup and handle lookin thing

[10:41] {Threei}  I would say just under .60, pita

[10:41] {pita} k

[10:42] {dino} ncty sm l .82

[10:52] {magoo} ge no work

[10:53] {dptl} ksu?

[10:54] {nemo} god bless you

[10:54] {Threei}  chart is right dp, I just don't see this market as breakout-favorable

[10:55] {nemo} stopped

[10:55] {dptl} stopped ge

[10:55] {fernp} stopped GE

[10:55] {nemo} stopped

[10:55] {_jfjf64} ditto

[10:56] {dino} esrx risky, sm s .31

[10:57] {dino} bstop is .63

[10:58] {dino} deck

[11:00] {Threei} Short Setup: DNDN  .85 if stays below 17

[11:00] {Threei}  unavailable

[11:00] {Threei}  oh well

[11:01] {dptl} ip interesting

[11:02] {dino} ncty stop tightern to .58 not working

[11:02] {fernp} DRYS breakdown?

[11:03] {Threei}  hmmm

[11:03] {Threei}  not really delighted

[11:03] {Threei}  DNDN 1:1

[11:04] {Threei}  anyone got it with other brokerage?

[11:04] {dino} ncty stopped -.27 slippage

[11:04] {fernp} DNDN unavailable here

[11:05] {Threei}  too bad

[11:05] {nemo} ge short .54?

[11:06] {Threei}  not sure

[11:07] {dino} esrx to b/e

[11:07] {Threei}  DNDN over 1:2

[11:07] {Threei}  painful, isn't it

[11:08] {_jfjf64} y

[11:09] {Threei}  1:3

[11:09] {nemo} not funy

[11:09] {Threei}  is 1:4 funny?

[11:09] {_jfjf64} oh boy

[11:10] {dptl} yeah and no Dave to slap :)

[11:10] {dino} esrx stopped +.07

06[11:10] * nemo slaps Threei around a bit with a large large list of unavailable stocks to short

06[11:10] * Threei slaps MIA lasredave around with big alarm clock

[11:10] {dptl} lol

[11:10] {nemo} GE break of .60?

[11:10] {ese} drys filled yesterdays gap......

[11:11] {Threei}  nah

[11:11] {dino} lufk sm l .80

[11:13] {Threei}  ok, whatever you do - do not, I repeat, do not look at DNDN

[11:13] {nemo} nice

[11:15] {vinod} good morning

[11:16] {dino} darn esrx stop too tight

[11:18] {Threei}  vinod :)

[11:19] {Threei}  full dollar DNDN

[11:19] {Threei}  but we agreed not to look

[11:20] {dino} aipc stopped major slip -.38]

[11:20] {magoo} dammit...i held out till now...now just looked:)

[11:20] {Threei}  lol

[11:20] {Threei}  seems bottomed

[11:21] {larisa} whats with UAUA ?

[11:21] {dptl} ye all airlines heppy for some reason

[11:21] {Threei}  11:02am [AMR] Reports Q1 -$1.35(incl $0.05 charge) v -$1.68e, R$4.84B v $4.73Be

[11:22] {dptl} oh that

[11:22] {magoo} i hit DNDN long on your mention .09

[11:24] {larisa} I think LLTC reports in 10 minutes or so

[11:24] {dptl} .20 long dndn if stays above .10?

[11:26] {Threei}  yes

[11:26] {Threei}  lol

[11:26] {magoo} im out .38 here TY boss

[11:26] {dptl} lol

[11:26] {Threei}  welcome mags

[11:26] {cosmo} SOLR patiently waiting for market to bottom

[11:27] {cosmo} 7.23 hod

[11:27] {cosmo} oops

[11:28] {Threei}  nice salmonish action

[11:28] {cosmo} got impatient tho

[11:30] {ese} L drys .22 

[11:30] {ese} same couple of lots

[11:31] {_jfjf64} GE?

[11:32] {Threei}  don't know

[11:32] {Threei}  looks riight, but whipsaws everywhere

[11:33] {_jfjf64} Y

[11:34] {ese} i've got alot of solar stocks that i've been monitoring cos.....thats just a matter of time....I do have 3000shs of eslr for a long term hold....my 3 to 4year target is $35 to 45 

[11:35] {Threei}  that far exceeds my math abilities

[11:35] {cosmo} lets hope...

[11:35] {dino}  gl

[11:35] {ese} it me a while to do it on eslr for sure

[11:35] {dino} bkc l .40

[11:37] {ese} "it took"    how about typing what your thinking ese....man

[11:38] {dino} funny thing, i understood

[11:38] {Threei}  scary too

[11:38] {ese} ohhhhhh oh!!!!

[11:39] {Threei} Long Setup:  RIMM  .30 if stays above .15

[11:39] {nemo} too fast

[11:40] {dptl} in.31

[11:40] {Threei}  second chance

[11:40] {nemo} in

[11:42] {magoo} in

[11:43] {dino} pcln wants 85 area strike

[11:45] {Threei}  sh*t

[11:45] {Threei}  Prez on TV in 10 min

[11:45] {dino} out bkc .53, +.13

[11:46] {Threei}  you better work fast RIMM

[11:46] {Threei}  stop to under .20

[11:46] {nemo} You need to put stickys on your monitors

[11:47] {Threei}  with this frequency of appearances I won't see the monitor

[11:47] {pita} he does like the cameras

[11:47] {nemo} I'm going for the vodka

[11:47] {dino} (yo)bama

[11:49] {nemo} obamanibal

[11:49] {dino} yesterday he talked and we lost 70 dji points, any bets today

[11:50] {vinod} Prez on TV and market goes down?

[11:50] {dino} yes

[11:50] {Threei}  that's the pattern so far vinod

[11:50] {Threei}  like clockwork

[11:50] {Threei}  didn't work maybe once or twice

[11:50] {dino} he'll be bashing the speculators and wealthy today. forgets capitalism is all basec on speculation

[11:51] {dino} based

06[11:51] * Threei kicks RIMM in the rear with steel-toe heavy duty army boots

[11:52] {nemo} Been a while since you and those out

[11:52] {nemo} you had those out

[11:52] {dino} your nose out

[11:52] {Threei}  they already showed podium on TV

[11:53] {magoo} im out

[11:53] {dino} ndx btw filled 4/8 gap

[11:53] {magoo} not risking it

[11:53] {magoo} + .01

[11:53] {Threei}  don't spend it all at once mags

[11:53] {vinod} Prez going to join Tea party?

[11:53] {Threei}  lol

[11:53] {dino} thinking, attacking the rich, will insurers benefit

[11:54] {magoo} lunch $$

[11:54] {Threei}  what's the logic behind it dino?

[11:54] {nemo} should we put the stop under .25 with the pres coming

[11:54] {dino} life insurance is not taxable to the estate if estate is not the beneficiary

[11:55] {Threei}  I think it's reasonable nemo

[11:55] {dptl} .25?

[11:56] {Threei}  yeah

[11:56] {dino} med cos. geeting hit again

[11:56] {dptl} ok dok

[11:56] {Threei}  last pullback bottomed out at .27

[11:56] {Threei}  so let's be anal-retentive

[11:57] {magoo} anal - resentment}??

[11:57] {dino} lufk stopped -.31

[11:58] {ese} drys stop to break even .22

[11:58] {dino} damn rinse again

06[11:58] * Threei pokes RIMM with electrocharged sharp stick

[11:59] {ese} that should work

[11:59] {Threei}  unless it sends it into shock

[11:59] {nemo} I got out @ .35, don't trust Obama

[11:59] {Threei}  you don't???

[11:59] {Threei}  I am shocked

[11:59] {nemo} call me paranoid

[11:59] {Threei}  stunned I am telling you

[12:00] {nemo} Wanna' be stunned...should see me in a speedo...NOT!

[12:00] {Threei}  that would leave me blind

[12:00] {Threei}  burned retina

[12:00] {nemo} I tend to have a Medusal effect

[12:01] {dino} he'll be his usual 20 min. late

[12:02] {vinod} out rimm 0.35

[12:02] {Threei}  here he is

[12:02] {Threei}  PRESIDENT OBAMA: US SHOULD CUT TAX BURDEN ON WORKING PEOPLE

[12:02] {dino} we were at +41 dji

[12:03] {Threei}  I suspect the trick is in definition "working"

[12:04] {Threei}  ADVISIOR VOLKER PLANS TO RELEASE REPORT ON TAX CODE LATER THIS YEAR

[12:04] {Threei}  - Vows to press ahead with simplifying tax code.

[12:04] {Threei}  - Reiterates his pledge to maintain fiscal discipline, cut $2T in spending within 10 years.

[12:05] {Threei}  we are holding so far

[12:09] {Threei}  lol, DNDN made a dollar in another direction as well

[12:10] {Threei}  dam is broken

[12:10] {Threei}  out RIMM +.11

[12:11] {Threei}  prez is done

[12:12] {nemo} well that was relatively painless

[12:12] {nemo} ese, you play fitb this morning?

[12:12] {Threei}  no substance to the speech, so market didn't react

[12:12] {Threei}  just a political stunt

[12:12] {dptl} still half in rimm

[12:13] {nemo} look at GE

[12:13] {Threei}  I don't think you have that much patience dp, I think you simply fell asleep

[12:14] {dptl} lol

[12:14] {dino} sm l deck .50

[12:15] {dptl} ok out

[12:19] {Threei}  since the beginning of the current recession, the federal government has spent, lent or pledged $13 trillion on various economic recovery efforts.

[12:19] {Threei}  How big is that number?

[12:19] {Threei}  Well, if you were to spend a dollar every second, it would take 412,000 years to blow through $13 trillion.

[12:24] {dino} see, thats a problem, my calculators only go to 10 million

[12:24] {Threei}  mine too, but even that is too much - my natural limitations keep me at 100,000...

[12:28] {pita} RIMM double bottom?

[12:29] {Threei}  no pattern really

[12:29] {Threei}  just meaningless noize

[12:29] {dino} algt

[12:30] {Threei} Long Setup:  FAZ  .07 if stays above 11

[12:31] {Threei}  for a day trade - if syas above .90

[12:33] {Threei}  so far, narrow, boring and empty day

[12:33] {Threei}  15 points NQ range

[12:34] {_jfjf64} FAZ INVALIDATED???

[12:34] {Threei}  ouch

[12:34] {Threei}  don't scream at me please... I am easily scared

[12:34] {_jfjf64} LOL

[12:34] {Threei}  yes, unless goes through new consolidation

[12:35] {nemo} Great...had lunch and din't miss anything

[12:35] {Threei}  lol

[12:35] {nemo} GE vad?

[12:35] {Threei}  don't know

[12:35] {Threei}  want a strange play?

[12:36] {nemo} yeah, me neither, that's why I asked you

[12:36] {Threei} Long Setup:  UBS  11 break

[12:37] {magoo} in

[12:40] {nemo} what's the stop on UBS, Dude?

[12:40] {nemo} a breakout at lunch?  mmmmmhhhh

[12:41] {Threei}  for hardcore scalpers closest support, .95... but those already had their 1:1

[12:41] {Threei}  otherwise under .90

[12:42] {dptl} oh just stepped away for sec and missed that one

[12:44] {dptl} may be now?

[12:44] {Threei}  with strength resumption

[12:44] {dptl} ok

[12:44] {Threei}  watch FAS for help

[12:45] {Threei}  there you go

[12:45] {dptl} ok in .01

[12:45] {larisa} I am starting new business : diapers for daytraders, that will have quotes, scans and let you stare at your monitor without interraptions 24/7 :) 

[12:45] {Threei}  sounds like a winner

[12:46] {ese} HEY!!!!!!! GUESS WHAT???? I'M LONG FITB .754!!!  GONNA SCALE BY WAY IN EHHHHHH!!!!!

[12:46] {nemo} I keep my treestand bottle next to my desk

[12:46] {nemo} ese...skip your medication this morning?

[12:46] {dptl} stop under .90 for me

[12:47] {ese} ahhhhhhhh.....i think i did.....yes.....i did

[12:47] {ese} let me take care of that right now.........

[12:47] {nemo} scaaaarrrrryyyyyy.....

[12:47] {dino}  ip, oc, pjc

[12:47] {ese} HOWS THAT!!!!!

[12:47] {Threei}  PREVIEW: APRIL NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET

[12:47] {Threei}  **consensus expectation: 10e v 9 prior

[12:47] {Threei}  - estimates range from 8 to 12

[12:47] {Threei}  - the index hit a record low of 8 in Jan 2009.

[12:48] {ese} drys is ticking me off though.....

06[12:49] * nemo kicks drys with spiked steel toe army boots for ese

[12:50] {ese} tks

[12:50] {ese} could use all the help it can get

[12:50] {dptl} ge?

[12:50] {Threei}  don't know

[12:50] {nemo} I asked dp, got the same answer

[12:51] {dptl} :)

[12:52] {Threei}  what a yawner of a day

[12:53] {dptl} may be ubs don't know it has to look at fas?

[12:53] {ese} i'm likin the fitb is lookin."as he say sheepishly"...not wanting to up set the master

[12:54] {nemo} GE gettin' uppity

[12:54] {ese} way ftib is lookin

[12:54] {Threei}  I actually scalped it ese :)

[12:55] {ese} nice......may i ask how

[12:55] {nemo} RIMM break of .40?

[12:55] {Threei}  was a bit late... .78 - .85

[12:55] {ese} beauty ...how shs

[12:55] {Threei}  RIMM, I am not sure... I'd expect much wider action from this one

[12:56] {Threei}  way too narrow today

[12:56] {nemo} maybe calming down after that last couple of weeks

[12:56] {Threei}  we tightened stop on it to 5 cents (!) and didn't get stopped

[12:56] {Threei}  do you remember RIMM honoring such stops ever?

[12:57] {nemo} look @ the pretty C&H between 11:10 ad 11:30 on wfc

[12:57] {nemo} nice volume drop off on the handle

[13:00] {dptl} wow...

[13:00] {dptl} now what?

[13:00] {Threei}  APR NAHB HOUSING MARKET INDEX: 14 V 10E

[13:03] {ese} closed out fitb .83 +.08 and drys .09 +.07

[13:03] {dptl} Vad should i trail ubs stop to under .94 now?

[13:03] {Threei}  sure

[13:03] {dptl} ok ty

[13:04] {Threei}  doesn't behave afer that initial spike

[13:04] {Threei}  case of not only "the first break is the best break", but also "first break is the only break", lol

[13:05] {nemo} the first break was an inverted hammer...not good by Japanese standards

[13:05] {nemo} RIMM you SOB!

[13:07] {ese} am outta here for the day everyone....see you all tomorow....definately a blast hangin with you all

[13:08] {Threei}  take care ese, we like you too

[13:08] {ese} see ya vad

[13:08] {Threei}  group hug

[13:08] {nemo} oy

[13:08] {Threei}  flowers fall from the sky

[13:08] {nemo} manna from heaven

[13:08] {nemo} birds singing

[13:08] {nemo} lion and antelope nestle together on the plain

[13:08] {Threei}  Mozart in the background

[13:08] {nemo} democrats and republicans become drinking buddies

[13:09] {nemo} oh, shit, that's in Hell.

[13:09] {dptl} stopped ubs

[13:09] {Threei}  Arafat cries on the shoulder of Netanyahu

[13:09] {nemo} He's dead

[13:09] {nemo} RIMMM!!!!

[13:10] {dptl} -.09 ubs

[13:13] {dptl} see?

[13:13] {Threei}  see what?

[13:14] {magoo} here comes the lecture he he

[13:14] {dptl} lol.....30 with .20 stop?

[13:14] {Threei}  rofl, you mean stock SEE??

[13:15] {dptl} roflol yeah

[13:15] {magoo} oh..lol

[13:16] {Threei}  ok, that one goes down in the hall of fame

[13:16] {Threei}  and no, I don't like this break

[13:16] {vinod} vad -still holding Feed and F?

[13:16] {dptl} ok ty :)

[13:16] {Threei}  FEED no, sold on a spike over 1:1 earlier

[13:17] {Threei}  F, I haven't played it this week at all

[13:17] {vinod} thanks

[13:17] {dino} bkc l .05 

[13:20] {vinod} when I has no work at job market is boaring

[13:21] {vinod} and when there is lots of work market is exiting and i can't play

[13:21] {nemo} Murphy's corrollary

[13:22] {dptl} ok,going for a smoke

[13:22] {Threei}  WHITE HOUSE: STRESS TEST RESULTS TO BE RELEASED IN MAY IN A 'COORDINATED' METHOD

[13:22] {Threei}  what a bullcrap

[13:22] {nemo} taurine excrement

[13:23] {Threei}  I've never seen such open admission of manipulation of public perception

[13:23] {vinod} what happen to april?

[13:23] {nemo} I thought you lived in the Soviet Union?

[13:24] {Threei}  "we will show tyou the bits and pieces of carefully crafted information in order to create certain impression in you" - and it's being said openly

[13:24] {vinod} it is my dream to visit there

[13:24] {Threei}  I did... and no one ever said there "yes we manipulate your perception"

[13:24] {Threei}  visit what vinod? Soviet Union?

[13:24] {Threei}  I have bad news for you then

[13:25] {vinod} yes soviet union

[13:25] {Threei}  you are 20 years late

[13:26] {Threei}  Conquest Vacation is out of business today

[13:26] {Threei}  one of biggest travel agencies in Canada

[13:27] {Threei}  PREVIEW: PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET

[13:28] {Threei}  what is it you want to see there vinod?

[13:36] {magoo} we in anything boss?

[13:36] {Threei}  coma

[13:37] {magoo} u make good dough yesterday without magoo?

[13:37] {Threei}  much better than today

[13:37] {Threei}  so I'd think it's your fault

[13:38] {nemo} Principle:  Always blame the guy who isn't there so he can't defend himself

[13:39] {vinod} vad-Too many good stories was going on Indian TV about USSR when I was child

[13:39] {vinod} Lot to do with political relation

[13:39] {Threei}  well... I hate to rain on your parade but they were lies :)

[13:40] {nemo} BKC dino...

[13:40] {Threei}  if you go though, see St Petersburg first of all

[13:40] {dino}  in it a bit high

[13:41] {vinod} Now a day it is all about Israel. 80K visiting India/year

[13:42] {vinod} will see you tomorrow

[13:42] {Threei}  take care vinod

[13:44] {Threei}  GM

[13:44] {Threei}  CONFIRMS BLACK OAK PARTNERS IS AMONG A GROUP BIDDING FOR SATURN ASSETS; NOTES THERE ARE MULTIPLE BIDDERS FOR THE SATURN BRAND

[13:44] {Threei}  - GM plans to give an update to its dealers in the next two weeks

[13:45] {Threei}  I must be from another planet

[13:45] {Threei}  I can't understand who would want Saturn

[13:46] {Threei}  wow RIMM

[13:46] {Threei}  should be a bounce soon

[13:46] {dino} why would anyone want saturn, it's never made money

[13:46] {Threei}  and ugly

[13:46] {Threei}  and crappy car

[13:49] {Threei}  speaking of cars...

[13:49] {Threei}  fighting temptation to switch from my beloved Murano to Infiniti FX 35...

[13:50] {_jfjf64} Q45 BIG GUY

[13:51] {Threei}  nah, not my type

[13:51] {Threei}  FX on the other hand...

[13:51] {_jfjf64} WIFE DRIVES FX   LOVES IT

[13:52] {Threei}  could you turn caps down please? :)

[13:52] {Threei}  told you I am easily scared, lol

[13:52] {_jfjf64} lollol

[13:52] {Threei}  I love FX... amazingly personalized car, totally feels like there is just one copy built for you

[13:53] {Threei}  in absence of roads to utilize its power, find it hard to justify the additional expense and fuel-non-economy... :)

[13:54] {Threei}  so it's reason vs emotions

[13:54] {_jfjf64} low

[13:56] {magoo} beige bk in few?

[13:56] {Threei}  yes

[13:56] {Threei}  4 min

[13:56] {Threei}  aka lately as beige book with black pages

[13:58] {dino} lufk

[14:00] {Threei}  FED'S BEIGE BOOK: NATIONAL ECONOMY CONTRACTED SLOWER IN 5 OF 12; REMAINED WEAK 2PM

[14:01] {_jfjf64} axp on mission

[14:01] {Threei}  HOUSING MARKETS HAD SIGNS OF WEAK STABILIZATION

[14:01] {Threei}  - Credit remained tight across regions;

[14:01] {Threei}  what's with it?

[14:02] {Threei}  REPORTS MARCH MASTER TRUST; NET CHARGE OFFS 8.8% V 9.3% M/M, 8.3% IN JANUARY

[14:02] {Threei}  - Delinquencies:

[14:02] {Threei}  - Owned basis 30 days past due 5.1% of total loans v 5.3% m/m

[14:02] {Threei}  - Managed Basis 30 days past due 5.1% v 5.3% m/m

[14:03] {Threei}  V followed the suit

[14:07] {Threei}  19 break long

[14:07] {Threei}  if stays above .90

[14:07] {dptl} ?

[14:07] {Threei}  AXP

[14:07] {Threei}  sorry

[14:08] {nemo} oh well

[14:08] {nemo} I almost bought V

[14:10] {dino} out deck .90, +.40 all day

[14:10] {larisa} nice

[14:11] {dino} ty

[14:12] {dino} thing falls fast

[14:12] {Threei}  - A few regions saw indications that economic activity was stabilizing at a low level; manufacturing continued to decline in most districts; auto dealers continued to struggle in March.

[14:12] {Threei}  - non financial services continued contraction across districts; retail spending 'sluggish'; signs of slight imporvement in sales.

[14:12] {Threei}  - Pressures on prices were to downside.

[14:12] {Threei}  - Non residential real estate continued to deteriorate with demand falling for office, industrial, and retail space

[14:17] {dino} deck lods

[14:18] {dino} lufk too

[14:20] {Threei}  what a chaos

[14:20] {nemo} Mmmmmmhhhhh....Get Smart

[14:21] {dino} whacko markets today again

[14:21] {nemo} Bounce scalping in the 3-4 hour

[14:22] {dino} deck drops buck in 7 minurtes

[14:23] {dino} markets are just instant reactions to news anymore

[14:25] {nemo} LOD on RIMM .11

[14:27] {Threei}  DECK looks bouncy to you dino?

[14:30] {dino} was just thinking that

[14:31] {dino} lufk too

[14:33] {dino} sm l lufk .80

[14:33] {dino} my entries suck this week

[14:41] {dino} lufk stopped

[14:41] {dptl} ge short?

[14:41] {Threei}  don't know

[14:43] {Threei}  DECK not making new lows with NASDAQ anymore

[14:43] {Threei}  could be ready for bounce when NASDAQ reverses

[14:44] {dptl} spread

[14:45] {Threei}  US HOUSE PANEL TO REPORTEDLY HOLD A MEETING ON RESOLUTION AUTHORITY ON MAY 5, 6 FOR SYSTEMICALLY IMPORTANT COMPANIES - UNCONFIRMED REPORT

[14:57] {magoo} stalking anything boss?

[14:58] {Threei}  WFC

[14:58] {dino} intc

[14:58] {Threei}  DECK

[15:00] {magoo} ok

[15:02] {dino} you get deck vad

[15:02] {Threei}  yeah

[15:03] {dino} waited 58.70, no fill

[15:03] {Threei}  I took .82

[15:04] {_jfjf64} ??

[15:04] {Threei}  I have no idea how you define exits on these dino

[15:04] {Threei}  not my kind at all

[15:05] {dino} lufk 29s

[15:05] {dino} .50 hard to get thru imo, so under that

[15:06] {nemo} crissakes RIMM

[15:06] {Threei}  whatever, I am out .34 and .32

[15:06] {dino} but usually .40 up, hard stop and let it trade

[15:06] {Threei}  I can't read these things :)

[15:06] {Threei}  that was trade in your name

[15:09] {dino} partial .70

[15:12] {dino} giddy-up

[15:12] {magoo} AXP high

[15:13] {magoo} wfc high

[15:13] {magoo} bac high

[15:15] {magoo} financials acting like good report coming in jpm

[15:17] {magoo} who is the one named magoo of which all of you ignore?

[15:18] {Threei}  that's a very complicated questiona

[15:19] {dino} some dork

[15:19] {Threei}  frkin WFC

[15:19] {magoo} all those stox ripped higher

[15:20] {dino} look at bkc rebound

[15:21] {dino} two days of rinse r oni for me

[15:21] {magoo} im up huge

[15:22] {Threei}  congratulations

[15:22] {magoo} nah

[15:22] {magoo} just in a zione'

[15:22] {magoo} zone

[15:22] {magoo} still cant type

[15:22] {Threei}  next time if you don't share your entries and come back bragging of your gains, I'll slap the living hell out of you

[15:23] {Threei}  on the day when I am cold as cucumber, no help whatsoever

[15:23] {Threei}  actually... why wait for the next time

06[15:23] * Threei slaps magoo around a bit with a large trout

[15:23] {magoo} [15:13] {magoo} AXP high

[15:23] {magoo} [15:14] {magoo} wfc high

[15:23] {magoo} [15:14] {magoo} bac high

[15:23] {magoo} [15:16] {magoo} financials acting like good report coming in jpm

[15:23] {magoo} [15:18] {magoo} who

06[15:23] * Threei slaps magoo around a bit with a large roll of cash

06[15:23] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:24] {Threei}  ok, feeling better

[15:24] {magoo} glad to help

[15:27] {magoo} look long JPM next pullbk

[15:27] {magoo} close to 32

[15:27] {magoo} half lot..trisky

[15:29] {Threei}  today is a mess... I can't get a firm grip on the rythm

[15:30] {magoo} mkts are so whippy anymore

[15:30] {dino} same here

[15:30] {magoo} i took jpmn

[15:30] {magoo} jpm

[15:31] {magoo} in .25

[15:31] {magoo} stop .97

[15:31] {dino} careful

[15:31] {magoo} not liking it with futes falling

[15:35] {magoo} really need mkts to blast off here

[15:37] {Threei}  can't believe it... you know how I finish the day, money wise?

[15:37] {Threei}  up $4

[15:37] {Threei}  4.00

[15:37] {Threei}  rofl

[15:37] {magoo} 400 hundred

[15:38] {Threei}  why did I even wake up today?

[15:38] {dino} 46 here

[15:38] {magoo} to hang with magoo

[15:38] {Threei}  that must be it

[15:39] {Threei}  laserdave, you here?

[15:39] {laserdave} howdy

[15:39] {Threei}  please submit my today's profit to the fund of salvation of Amazon rainforest

[15:39] {Threei}  I want to make those $4.00 useful;

[15:40] {magoo} JPM

[15:40] {Threei}  good one mags

[15:40] {magoo} looking for .60 area

[15:41] {dino} deck to .19

[15:42] {dino} to .28

[15:42] {magoo} theres .30 cents regardless

[15:42] {dino} to .37

[15:42] {dino} to .40

[15:43] {Threei}  jeex AXP

[15:43] {dino} out +.67

[15:43] {Threei}  wtg dino, you did much better on it that I

[15:43] {dino} thats how 3i

[15:43] {dino} lock in .40, then trail tight

[15:43] {dino} well that added 300

[15:47] {dino} they need to stop publishing the efficient market theory books

[15:47] {Threei}  they can't... that would mean they need to write new ones

[15:50] {magoo} stop on jpm is now .25 flat'

[15:50] {magoo} want .60 area

[15:52] {magoo} .61 

[15:52] {magoo} .65

[15:52] {magoo} out .67

[15:52] {magoo} ty vad

[15:52] {Threei}  wtg

[15:53] {magoo} wtg= what the goo

[15:53] {magoo} goo=magoo

[15:56] {fernp} good evening. see you all tomorrow

[15:56] {magoo} cu fernp

[15:56] {Threei}  take care fern

[15:56] {Threei}  quite amazing rally at the eod

[15:56] {Threei}  for the world of me I didn't see it coming

[15:57] {dptl} have a good evening all

[15:57] {larisa} bye all :)

[15:57] {Threei}  take care larisa

[15:57] {magoo} bye u 2

[15:57] {dino} take care all

[15:57] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[16:00] {Threei}  (US) TREASURY: WON'T CALL CHINA A CURRENCY MANIPULATOR

[16:00] {Threei}  {China} what a relief... we were so scared

Apr 14 2009

Very solid day with a lot a strong trades, scalps and very few stops. Heroes of the day were DNDN, ONNN, FEED, BAC, FAS, FAZ, CAT, LRCX etc, on both long and short sides. 

Session Time: Tue Apr 14 00:00:00 2009

[08:03] {cosmo} BAC comes back

06[08:19] * nemo pretends to be magoo and whacks laserave with a large trout

[08:26] {dino} gm all

[08:27] {Threei}  Good morning

[08:27] {dino} :)

[08:28] {Threei}  GS is underwhelming... what, C and BAC don't even care anymore?

[08:29] {dino} 8:30 dndn results

[08:30] {Threei}  MAR PRODUCER PRICE INDEX M/M: -1.2% V 0.0%E

[08:30] {Threei}  PPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E

[08:30] {Threei}  - PPI YoY: -3.5% v -2.2%e

[08:30] {Threei}  - PPI Ex Food & Energy YoY: 3.8% v 4.0%e

[08:31] {Threei}  *MAR ADVANCE RETAIL SALES: -1.1% V 0.3%E; LESS AUTOS: -0.9% V 0.0%E

[08:31] {Threei}  - Prior Advance Retail Sales revised from -0.1% to 0.3%

[08:31] {Threei}  - Prior Less Autos revised from 0.7% v 1.0%

[08:31] {Threei}  DRYS

[08:31] {Threei}  ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON

[08:31] {Threei}  DNDN

[08:31] {Threei}  PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY

[08:31] {Threei}  - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.

[08:32] {Threei}  halted

[08:32] {nemo} so who went long last night

[08:33] {dino} not me

[08:34] {nemo} you'd be retired

[08:39] {cosmo} There's no such thing, nemo

[08:40] {cosmo} its an illusion

[08:40] {nemo} Well, put it this way...you'd be able to do more of what you want to do, and less of what you have to do

[08:40] {Raven} a state of mind

[08:41] {cosmo} and often temporary

[08:42] {nemo} everything is temporary

[08:42] {Raven} fleeting

[08:42] {cosmo} a checkered retirement is probable

[08:42] {nemo} sands in the hourglass

[08:43] {Raven} sheesh

[08:43] {nemo} Vad must be grimacing

[08:43] {Threei}  for that I would have to know how to read

[08:44] {Threei}  buit all I am concrened about is masking tha fact that I don't, so I just nod along

[08:44] {nemo} Then how the hell do you know what you're typing?

[08:44] {Threei}  I don't

[08:44] {cosmo} he a channeler

[08:44] {Threei}  I use 1000 monkeys principle

[08:45] {cosmo} ah

[08:45] {cosmo} we're only into the 60's so far.... you know

[08:45] {cosmo} still not to 100

[08:46] {cosmo} thats an est.

[08:47] {pita} gm everyone

[08:47] {Threei}  pita :)

[08:48] {Threei}  CEGE, DNDN's sympathy

[08:48] {cosmo}  Goldman CFO says firm would like to pay back TARP capital

[08:48] {cosmo} 7:42 AM ET

[08:48] {cosmo} sigh

[08:49] {Threei}  we have major economic speech at 11:30 today

[08:50] {nemo} by whom?

[08:50] {Threei}  hmmm

[08:50] {Threei}  can't you guess?

[08:50] {nemo} oh...nevermind

[08:50] {cosmo} solomon?

[08:51] {nemo} cosmo goes from philosophy to history

[08:51] {cosmo} same thing

[08:51] {nemo} All is one

[08:51] {Threei}  yup... like ballbreaker and nutcracker

[08:51] {Raven} {}

[08:52] {Threei}  {--- hiding

[08:52] {nemo} must be a full moon

[08:52] {cosmo} checking

[08:52] {Raven} {----------- moons the room

[08:52] {Raven} oops

[08:53] {Threei}  lol

[08:53] {Threei}  DNDN shows 10 bid

[08:56] {Threei}  11.50... sheesh

[08:56] {Raven} 20 bid

[08:57] {Threei}  eeck

[08:57] {Threei}  3 min till opening

[08:57] {Threei}  going to be some fireworks

[08:57] {Raven} 15.06 bid

[08:58] {Raven} 28 bid

[08:58] {Raven} 35 bid

[08:58] {Raven} lol

[08:58] {cosmo} 43

[08:58] {Raven} 43 bid

[08:58] {Raven} 57

[08:58] {cosmo} sigh ... we coulda retired...

[08:59] {nemo} no such thing

[08:59] {Threei}  ENMD all over again

[08:59] {Raven} state of mind

[08:59] {cosmo} thanks... i needed that

[08:59] {dptl} good morning

[08:59] {Raven} lol

[08:59] {Threei}  dp :)

[08:59] {Threei}  who is bidding 57?

[08:59] {Raven} NSDQ ... now 25

[09:00] {Threei}  that's not real bid

[09:00] {dino} there goes 20

[09:00] {Raven} goofy

[09:00] {Threei}  open

[09:00] {cosmo} i wonder if cramer is buying

[09:00] {dino} guess my 8.40 bid not happening

[09:01] {Threei}  not today

[09:02] {nemo} not bad...bought it 3 weeks ago mae 10 times your money

[09:02] {nemo} I think Cramer's on vacation this week

[09:02] {Threei}  GS

[09:02] {Threei}  CNBCS FABER NOTES HIS SOURCES CONFIRMING SECONDARY OFFERING TO PRICE AT $123, BUT COULD CHANGE

[09:05] {fernp} Hello everybody

[09:05] {Threei}  fern :)

[09:06] {Threei}  so... there was something to that stubborn DNDN accumulation yesterday, lol

[09:07] {dino} nppxf

[09:07] {Threei}  bless you

[09:09] {dino} lol

[09:09] {dino} -27.40

[09:09] {vinod} good morning- hope to have a best day?

[09:10] {elepet} good morning

[09:11] {Threei}  vinod, elepet :)

[09:12] {Threei}  DNDN

[09:12] {Threei}  TO DISCLOSE FURTHER DATA ON PROVENGE IMPACT STUDY AT UPCOMING CONFERENCE ON APRIL 28; NO ADDITIONAL DATA FROM THE STUDY WILL BE ISSUED TODAY - CONF CALL

[09:12] {ese} morning everyone....will probably get cut off here sometime this morning......my new visa has not arrived yet so have not updated account to RT

[09:13] {Threei}  ese :)

[09:13] {dino} turnaround tuesday?

[09:14] {Threei}  quite possible

[09:14] {Threei}  FAZ bounced nicely

[09:14] {Threei}  C looks stronger than other finnies

[09:15] {cosmo} GERN

[09:15] {Threei}  GERN

[09:15] {Threei}  this looks like bio day

[09:15] {cosmo} :)

[09:15] {Threei}  I don't see any news on GERN

[09:20] {dino} me niether

[09:20] {vinod} ge movin up a lot

[09:21] {Threei}  GE reports on Fri?

[09:21] {dino} and c

[09:21] {Threei}  it pulled back considerably from morning high of 12.75

[09:21] {dino} isrg thurs., intl today

[09:22] {nemo} JPM Thurday also

[09:25] {ese} DNDN Provenge medication seen to significantly prolong survival for patients with prostate cancer in Phase 3 study

[09:25] {ese} volume alert on DNDN on my screens

[09:26] {Threei}  [08:31] {Threei} PROVENGE SIGNIFICANTLY PROLONGS SURVIVAL IN MEN WITH ADVANCED PROSTATE CANCER IN PIVOTAL PHASE 3 IMPACT STUDY

[09:26] {Threei}  [08:31] {Threei} - DNDN announced today that the pivotal Phase 3 IMPACT study of PROVENGE(R) (sipuleucel-T) in men with advanced prostate cancer met its primary endpoint of improving overall survival compared to a placebo control. The magnitude of the survival difference observed in the intent to treat population resulted in the study successfully achieving the pre-specified level of statistical significance defined by the study''s design. The safety profile of PROVENGE appeared to be consistent with prior trials.

[09:27] {ese} up 16.00 big ones

[09:28] {Threei}  C big pullback too

[09:28] {larisa} c

[09:28] {larisa} morning :)

[09:28] {Threei}  larisa :)

[09:31] {Threei}  [08:31] {Threei} DRYS

[09:31] {Threei}  [08:31] {Threei} ANNOUNCES THE SIGNING OF THE PETROBRAS CONTRACT FOR THE LEIV EIRIKSSON

[09:33] {dino} esi down about 25 in 7 days

[09:34] {Threei} Long Setup:  ONNN  .94

[09:34] {dino} wmt wants 50 strike

[09:34] {Threei}  if stays above .80

[09:35] {Threei}  C&H setup on daily with 5 break as a trigger for sizeable move

[09:37] {dptl} in

[09:37] {elepet} in

[09:37] {nemo} didn't get fill @ 95

[09:38] {vinod} in .97

[09:38] {dptl} .95

[09:38] {elepet} .94

[09:39] {dptl} half out ty

[09:39] {Threei}  1:1

[09:39] {Threei}  half out for me too

[09:39] {Threei}  feels capable of more

[09:40] {dptl} out more.15

[09:40] {elepet} still in

[09:40] {vinod} out .17

[09:41] {Threei}  those who partial, stop to .89 for the balance

[09:41] {ese} Still long DELL at .42 from yesterday

[09:43] {vint} good morning all

[09:44] {Threei}  vint :)

[09:47] {Threei}  FITB

[09:47] {Threei}  MOODY'S DOWNGRADES SENIOR RATINGS TWO NOTCHES, TO BAA1 FROM A2; OUTLOOK NEGATIVE

[09:47] {Threei}  - The downgrade incorporates Moody's view that Fifth Third, despite having taken very sizable loan loss provisions in 2008, faces continued elevated credit costs as real estate markets and the overall U.S. economy remain weak. The additional credit costs will come from a range of consumer and commercial asset classes, in Moody's view.

[09:48] {dino} maybe not today, but nearest gaps 7837,1300, 825

[09:50] {dptl} stop to under 5 onnn?

[09:50] {dino} mcd l .25

[09:50] {Threei}  if it goes above 5.10, yes

[09:50] {Threei}  for now, trail to it .94

[09:51] {ese} not lookin good for FITB......will wait that one out for a while

[09:51] {dptl} ok ty

[09:53] {ese} out Dell .68 

[09:53] {ese} +.26  5 lots

[09:53] {dino} mcd stopped -.16

[09:53] {Threei}  wtg ese

[09:53] {ese} tks turkey shoot these days

[09:55] {dino} gj es

[09:55] {ese} tks dino

[09:55] {Threei}  some of solars move today a bit

[09:55] {Threei}  CSIQ, JASO, SOLF

[09:56] {ese} crap.......had a limit order in for drys at .25.....didn't get fillet

[09:56] {ese} filled

[09:57] {Threei}  something's with FTBK

[09:58] {Threei}  traders found financial name that hasn't run yet?

[09:58] {dino} aipc

[09:59] {ese} it's running now vad

[09:59] {dino} powl hl l .94 thinny

[10:00] {dino} sm i mean

[10:00] {Threei}  FEB BUSINESS INVENTORIES: -1.3% V -1.2%E

[10:00] {Threei} Long Setup:  LLTC  .11 if stays above 23

[10:01] {Threei}  (US) TREASURY IS REPORTEDLY CONCEREND OVER GOLDMAN TARP REPAYMENT

[10:02] {Threei}  lol

[10:02] {Threei}  they really don't want banks to return TARP money

[10:02] {dino} they lose control

[10:02] {Threei}  yup\

[10:03] {Threei}  TARP REPAYMENT COULD NEGATIVELY IMPACT PERCEPTION OF OTHER BANKS

[10:03] {Threei}  - Treasury notes that it does indicate a sign of strength

[10:03] {Threei}  jeez

[10:03] {nemo} wass that invalimudated or was it a quick enough recovery?

[10:04] {Threei}  looks OK to me, although if it consolidates here for a while, I'd modify it to .06 trigger

[10:05] {Threei}  tighter stop

[10:05] {dptl} lltc?

[10:05] {Threei}  yes

[10:06] {Threei}  invalidated now

[10:09] {Threei} Long Setup:  LRCX  .80 break if holding above .65

[10:11] {Threei}  modification

[10:11] {Threei}  .60 break

[10:11] {Threei}  if holding above .50

[10:11] {ese} Ldrys .50 

[10:12] {Threei}  DNDN... this thing decided to go ahead and kill the shorts

[10:15] {ese} am gettin this ....i'm done for the morning feeling with drys

[10:18] {ese} great lookin daily chart though

[10:18] {Threei}  want little gambling?

[10:19] {Threei} Long Setup:  FTBK  1.80 when last shares scroll by

[10:19] {Threei}  see huge offer by EDGX?

[10:19] {Threei}  that's your indication

[10:20] {Threei}  OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS

[10:21] {ese} drys avg .57 l a couple of more lots

[10:21] {dptl} stop under .70 ftbk?

[10:21] {Threei}  ese, you may want to keep an eye on EGLE

[10:21] {Threei}  seems to be leading DRYS today

[10:21] {dino} apsg l .55

[10:22] {Threei} Long Setup:  CSIQ  .36 break half lot

[10:22] {Threei}  stop under .20

[10:23] {ese} tks will do Vad 

[10:23] {dptl} ftbk stop .70?

[10:24] {Threei}  if breaks from here, could be even .74

[10:25] {dino} i guess go short at 11:30

[10:25] {dptl} i am in..it took.80 no?

[10:25] {Threei}  ??

[10:26] {nemo} ohoh

[10:26] {dptl} well it was gone on my screen

[10:26] {ese} out drys .57 +.10 on 4 lots

[10:26] {dino} on obama 

[10:26] {Threei}  EDGX offer never got taken

[10:27] {Threei}  eaten a little but still has a lot

[10:27] {ese} am done for the morning for a bit .....all see you in a couple of hours....have a class to teach.....

[10:27] {Threei}  take care ese

[10:27] {dino} cya es

[10:27] {ese} see ya vad

[10:28] {ese} later dino

[10:28] {dptl} oh man i had that thing hidden on my level 2 jeez

[10:29] {dptl} was lagging a wyle ago so i hide it and never unhide it

[10:30] {Threei}  OK LRCX

[10:30] {Threei}  26 must be it

[10:30] {Threei} Long Setup:  LRCX  .15

[10:31] {dino} mcd l .15

[10:31] {dptl} in

[10:31] {Threei}  half out

[10:31] {dptl} all out +.16 ty

[10:32] {Threei}  welcome

[10:32] {Threei}  stop to .13 for the balance who is holding

[10:32] {Threei}  offer second half above .40

06[10:36] * Threei reminds FTBK that while time maybe infinite our lifetime is not

[10:38] {nemo} what's the invalidation/stop on FTBK?

[10:39] {Threei}  [10:23] {dptl} ftbk stop .70?

[10:39] {Threei}  [10:24] {Threei} if breaks from here, could be even .74

[10:39] {dino} wynn

[10:40] {Threei}  ECB'S CONSTANCIO:EUROPEAN RECESSION APPEARS TO BE 'DEEPER' THAN THAT IN THE US; INTERNATIONAL RESPONSES TO ECONOMIC CRISIS IS 'INSUFFICIENT'

[10:40] {Threei}  - Monetary policy is less effective as tool to handle economic crisis if rates are below a specific level; has been adequate thus far in dealing with crisis

[10:40] {Threei}  DNDN

[10:40] {Threei}  HEARING BREAN MURRAY MAKING CAUTIOUS COMMENTS (TIMING UNCERTAIN)

[10:41] {Threei}  I don't see any reason for caution, really... so $6 stock trades at 20, so what

[10:42] {Threei} Long Setup:  LLTC  .86

[10:42] {Threei}  if stays above .80

[10:44] {dptl} in

[10:44] {nemo} in partial

[10:44] {_robert} in

[10:45] {nemo} in all

[10:45] {Threei}  FTBK, hear that chomp-chomp sound?

[10:47] {nemo} damn

[10:48] {nemo} who got ftbk?

[10:48] {dptl} me

[10:49] {nemo} geez your quick

[10:49] {Threei}  it wasn't that quick...

[10:49] {Threei}  .82 order got filled nicely at .80

[10:50] {dptl} ] {dptl} i am in..it took.80 no?

[10:50] {nemo} oh yeah, you got in a long time ago

[10:50] {elepet} i got it at.80

[10:50] {nemo} I tried .81 

[10:51] {Threei}  I suspect your connection is flaky nemo... you miss too many of them

[10:53] {Threei}  for hardcore scalpers FTBK over 1:1

[10:56] {dptl} half out ty

[10:56] {Threei}  things are so slow

[10:56] {Threei}  ahead of speech I'd guess

[10:57] {dino} mcd stopped -.22

[10:59] {dino} apsg stop to .68

[10:59] {dino} out .70, +.15

[11:06] {nemo} stopped

[11:06] {dptl} stopped lltc

[11:06] {Threei}  LLTC stopped

[11:08] {dptl} still have onnn Vad?

[11:09] {Threei}  yes... thanks for the reminder

[11:09] {Threei}  lol

[11:09] {dptl} lol

[11:09] {elepet} anyone still in ftbk?

[11:10] {Threei}  half elepet

[11:10] {dino} cbsh blood

[11:11] {dino} micc spikey

[11:12] {Threei}  OBAMA ADMINISTRATION TO ANNOUNCE EXCERPTS OF SPEECH ON ECONOMY AT 11:30AM, TO COVER INDICATIONS THAT GOVT ACTIONS ARE SHOWING PROGRESS

[11:12] {Threei}  - 2009 will continue to be difficult for US economy; foreclosures and job losses will rise

[11:14] {dino} lrcx drop

[11:17] {nemo} volume relatively strong so far

[11:20] {nemo} fas and faz still doing the DNA dance

[11:20] {fernp} .

[11:20] {dptl} out onnn

[11:21] {Threei}  market starts descent in advance of sp3ech

[11:22] {pita} falling asleep.... off to day job where I can get some excitement - cu later

[11:23] {Threei}  lol

[11:23] {Threei}  take care pita

[11:28] {larisa} got .50 cents on LRCX, thank for alert dino

[11:28] {dino} gj

[11:32] {Threei}  US REP FRANK: GOLDMAN'S AIMS TO REPAY TARP MONEY IS A 'GOOD SIGN'; GOVT PROGRAMS ARE WORKING

[11:34] {dino} idcc l .70 stop lod

[11:35] {Threei}  watching FITB for pullback and forming double bottom

[11:40] {dino} late as usual

[11:41] {elepet} what will you do then (fitb double bottom)

[11:42] {elepet} ?

[11:42] {Threei}  buy if setup shapes up

[11:42] {Threei}  Prez on TV

[11:43] {dino} heath services getting hit, usna, afam, lhcg

[11:43] {Threei}  (US) PRESIDENT OBAMA: CANNOT DELAY INTRODUCING CAP & TRADE SYSTEM TO WHEN THE ECONOMY RECOVERS

[11:43] {Threei}  oh my

[11:45] {Threei}  FINANCIAL SYSTEM HAS BEEN GOVERNED BY OUTDATED REGULATIONS, TOUGH NEW RULES ARE NEEDED

[11:45] {Threei}  - Wall Street executive compensation needs to be tied to actual performance.

[11:45] {Threei}  - Pre-emptive banks takeovers would cost taxpayers too much and hurt confidence.

[11:46] {dino} cb l .80

[11:47] {Threei}  - Will hold banks that need more aid accountable.

[11:47] {Threei}  - GM needs a path to profitability, hopes Chrysler can find a viable partner.

[11:47] {Threei}  - Healthcare reform needs to be dealt with this year.

[11:48] {Threei}  The reason subprime loans were so readily available was the banks saw profits

[11:48] {Threei}  surely it had nothing to do with political pressure to make thoe loans available

[11:49] {dino} axys sm l .30

[11:58] {dptl} kmb?

[11:59] {dino} snda

[12:02] {dino} fills gap yesterday

[12:13] {nemo} RIMM salmon

[12:13] {Threei} Short Setup: CAT  33 break if stays below33.10

[12:14] {dptl} in

[12:15] {Threei}  stop to .06

[12:16] {Threei}  1:1

[12:16] {dptl} half out 

[12:25] {Threei} Long Setup:  FITB  .70 break if stays above .60

[12:26] {Threei}  any kind of aggressive entry is possible within this range at your discretion

[12:27] {dptl} stopped cat bal.

[12:27] {dino} esrx animal

[12:28] {dptl} in fitb

[12:28] {nemo} in

[12:29] {Threei}  - says future growth will be built on 5 'pillars': new rules for Wall St; new investments in education; new investments in renewable energy; new investments in healthcare to reduce costs; govt restoring fiscal discipline to reduce the deficit once the economic crisis is over.

[12:30] {nemo} He sure know how to kill a markeet

[12:30] {nemo} market

[12:30] {dino}  idcc stop to .92

[12:32] {larisa} he said too many people who just play with numbers and do not produce anything. then added, we need some of them, but engineers are better :) interesting

[12:33] {Threei}  so, engineer is better than a day trader

[12:33] {Threei}  I tried both... I disagree

[12:33] {larisa} lol

[12:33] {larisa} still doing both :) tired

[12:34] {Threei}  and when his belowed engineer goes to the market to cash in his position, I want to see his face when he sees market liquidity without day traders

[12:34] {nemo} RIMM showing signs of topping

[12:34] {dino} speculators are evil attitude

[12:35] {Threei}  he may be right dino... lately I feel this evilish note in myself...

[12:35] {dino} idcc to .02

[12:35] {Threei}  FITB near 1:1

[12:36] {Threei}  Ron Paul on CNN

[12:36] {dino} lol

[12:36] {dino} out idcc +.32

[12:36] {Threei}  disagrees with goverment should spend point of view

[12:37] {dino} he's a closet socialist, trying to engineer the economy

[12:37] {dptl} still in ?

[12:37] {Threei}  closet?

[12:37] {Threei}  I think he is out

[12:37] {Threei}  sold half .78

[12:38] {Threei}  should have justy sold it all

[12:38] {dptl} mm..still in

[12:38] {Threei}  I was in aggressively though, at .66

[12:40] {wulff} stupid cat

[12:42] {Threei}  out balance

[12:42] {nemo} stopped

[12:45] {dptl} stopped fitb....

[12:46] {Threei}  CAT was worth reshorting, eh

[12:47] {nemo} this too}}}[12:34] {nemo} RIMM showing signs of topping

[12:47] {nemo} caught up in Fitb

[12:47] {larisa} vad, why 33 break on CAT initially ?

[12:48] {larisa} if you remember :)

[12:48] {Threei}  was resistance earlier in the morning, around 10 am,

[12:48] {Threei}  got borken, turned into support,

[12:49] {Threei}  got tested for a few minutes after 12,

[12:49] {Threei}  became a trigger for a short if broken

[12:50] {larisa} ty

[12:50] {Threei}  sure... but don't think for a second I rememberd

[12:50] {Threei}  I reconstructed it looking at the chart

[12:50] {larisa} lol

[12:51] {Threei}  reverse engineering, mind you

[12:51] {Threei}  less Prez thinks I am useless

[12:51] {Threei}  lest

[12:51] {larisa} not you, some of us.. must be me and nemo :)

[12:52] {Threei}  can't tell you how irritating this attitude is

[12:53] {dino} still trying to figure out how the money i made in real estate was only paper according to prez

[12:53] {Threei}  big brother deciding who is useful and who is not, and engineering who will be rewarded and who won't

[12:54] {Threei}  (KS) NORTH KOREA HAS ORDERED NUCLEAR INSPECTORS OUT OF THE COUNTRY - WSJ

[12:59] {dino} miti

[13:00] {dino} can't borrow at cyber

[13:01] {dino} anybody get it/

[13:01] {Threei}  want me to short it for you?

[13:01] {Threei}  what was that aspike about?

[13:01] {Threei}  I don't see news

[13:02] {dino} please had 6.65 in sights, ugh!

[13:02] {Threei}  when I looked, it was already under 5

[13:03] {dino} you're slowing down old man, :)

[13:03] {larisa} lol

[13:03] {dino} cern drop

[13:03] {Threei}  I had to read your post which was 4 leters... not a small feat for me

[13:03] {Threei}  then wake up

[13:03] {Threei}  then type all 4

[13:04] {Threei}  come on... I am lucky to get there when I did

[13:04] {dino} snda drop

[13:05] {Threei}  it's almost all the way back

[13:05] {Threei}  what was the news?

[13:05] {dino} nothing

[13:05] {Threei}  you mean $3 stock spikes to over 7 on no reason?

[13:06] {Threei}  hmmm... I giess efficient market thoery is not entirely correct then...

[13:06] {dino} my banker buddies believe that theory

[13:06] {Threei}  even when sober?

[13:08] {dino} well, they rarely are

[13:08] {Threei}  oh

[13:08] {Threei}  that explains it

[13:09] {dino} sm risky l snda .90

[13:09] {dino} wide

[13:09] {Threei}  just thinking such spike and drop should produce some bounce, at least on short covering if nothing else

[13:11] {dino} off my screen

[13:11] {dino} i don't like stocks that i cannot short

[13:11] {dino} seems rigged

[13:14] {dptl} coco?

[13:15] {Threei}  .84...

[13:15] {Threei}  why not

[13:15] {Threei}  ith this size of stop I'll take any trade, lol

[13:15] {dptl} stop .75

[13:16] {Threei}  PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ON THE FINANCIAL CRISIS AT 1:30PMET

[13:16] {Threei}  - a prepared text and audience Q&A are expected.

[13:19] {Threei}  thought of BAC .40 break long... hesitated

[13:21] {Threei}  (KS) WHITE HOUSE PRESS SEC: CALLS ON NORTH KOREA TO END ITS PROVOCATIVE THREATS

[13:21] {Threei}  or we are going to go back to those 6-sides talks

[13:22] {dino} oooooooooooooooo

[13:26] {dptl} Vad ,you think coco still valid trade?

[13:26] {Threei}  I am not delighted

[13:27] {Threei}  could work... could fail...

[13:27] {Threei}  not very compelling

[13:27] {dptl} ok ty

[13:28] {Threei} Long Setup:  BAC  .50 break if dtayas above .45

[13:29] {dptl} in .50

[13:29] {nemo} in

[13:30] {Threei}  out.59

[13:30] {nemo} out scalp

[13:30] {Threei}  quickie

[13:30] {dptl} out .09 ty

[13:31] {dptl} .59

[13:31] {dino} gj

[13:31] {Threei}  not bad for 2 min and 5K shares

[13:32] {_jfjf64} gj

[13:34] {nemo} RIMM running again

[13:34] {Threei} Long Setup:  FAS  .50 break if stays above .45

[13:35] {Threei}  .40 is more defined support

[13:35] {Threei}  maybe I am too stingy

[13:36] {dino} online eds moving cp;a, esi, apol

[13:36] {dino} cpla

[13:37] {Threei}  that's OK, administration wikll find the way to kill them

[13:37] {dino} lol

[13:39] {Threei}  can I pretend I meant FAZ in the alert above?

[13:39] {nemo} Changing your handle to FantasyTrader?

[13:39] {nemo} You meant "short" setup...

[13:39] {Threei}  nah, short would requite total redoing of alert

[13:40] {Threei}  and there is no need,

[13:40] {nemo} yeah,  i tried...

[13:40] {Threei}  any setup like this can be used for short if it invalidates before triggering

[13:40] {Threei}  that's at your discretion

[13:40] {Threei}  Chaeron likes to do that

[13:40] {Threei}  but both FAS and FAZ formed .45 - .50 setups, lol

[13:43] {vinod} BACK FROM WORK. STILL HAVE 200 cat SHORTED AT 23.00

[13:43] {larisa} 33 I hope

[13:43] {nemo} Better cover dude, you lost 10

[13:43] {Threei}  lol... 33 I guess

[13:44] {vinod} yes 33

[13:44] {dptl} lol

[13:44] {dptl} {nemo} Better cover dude, you lost 10...lol

[13:44] {vinod} 0ut 32.65

[13:44] {vinod} mean cover

[13:44] {Threei}  wtg

[13:45] {nemo} FAS back on the menu Vad?

[13:45] {Threei}  FAS... watchging is setup reiterates itself

06[13:45] * Threei slaps nemo around a bit with a large request not to read his mind

[13:45] {nemo} It's scary in there

[13:46] {Threei}  yeah, trying to protect you

[13:47] {Threei}  nope, ruined again

[13:47] {nemo} sort below .30?

[13:47] {nemo} short

[13:47] {nemo} like me

[13:48] {Threei}  I'd prefer long FAZ then

[13:48] {Threei}  but then I'd like a shallow pullback first

[13:48] {Threei}  let's say not lower than .55

[13:48] {Threei}  then .65 trigger for long

[13:49] {Threei}  and if loses .55, try to get it off the low, c,loser to .50

[13:49] {vinod} can't do all your trade because of work but can do most--vad

[13:49] {Threei}  on first sign of strength and if not losing .45

[13:49] {vinod} and it is taking me time to get used to this system

[13:49] {Threei}  how is it working for you vinod?

[13:50] {vinod} so far good but have to go through all your cd yest

[13:51] {Threei}  sorry, lost me... had to go yesterday and di, or still have to go through them? :)

[13:51] {dptl} holding .55 so far

[13:52] {vinod} holding 200 SRS i brought in morning at 32.50

[13:52] {nemo} market picking up a bit

[13:54] {Threei} Short Setup: BAC  .50 break

[13:54] {Threei}  if holding below .55

[13:54] {nemo} in faz and BAC

[13:55] {dptl} in bac

[13:55] {dptl} in faz

[13:55] {vinod} in bac

06[13:56] * Threei kicks FAZ in the rear

06[13:56] * Threei hits BAC over the head with 2x4

[13:56] {Threei}  violence works

[13:56] {vinod} i hate FAS and FAZ

[13:57] {Threei}  BAC over 1:1

[13:57] {nemo} out scalp

[13:57] {nemo} out faz .71

[13:57] {dptl} out bac

[13:57] {dptl} still in faz

[13:58] {Threei}  FAZ was 2 cents from 1:1... disguting little 3x

[13:58] {nemo} I remembered BAC earlier

[13:59] {cosmo} dptr

[13:59] {cosmo} ... a departure

[14:01] {Threei}  FAZ stop to .58, and if uncomfortable, feel free to scratch it

[14:02] {dptl} out faz -.02

06[14:02] * Threei puts dp on the list of uncomfortable ones

[14:03] {dptl} lol

[14:06] {nemo} FAZ building a nice wedge to .70 is their another trigger

[14:06] {Threei}  yup

[14:06] {Threei}  I am comfortable

[14:06] {nemo} .73

[14:06] {Threei}  and I crossed dp out of my list

[14:08] {_jfjf64} faz?

[14:08] {vinod} cover BAC 10.42

[14:08] {cosmo} QGEN hod = 15.51  fwiw

[14:08] {Threei}  over 1:1

[14:08] {Threei}  half out

[14:08] {Threei}  want to give it a chance

[14:08] {dptl} maan...ye..i shoul get more comfortable :)

[14:09] {Threei}  BAC's death was slow and painful

[14:09] {Threei}  FAZ 1:2

[14:10] {vinod} damm I cover BAC too early i need to learn more?

[14:10] {Threei}  1/4 more out .88

[14:11] {Threei}  +.23

[14:11] {Threei}  hard to tell vinod... this day looked more like scalping

[14:11] {Threei}  who knows when it changes

[14:11] {Threei}  partialling out is the way to let them more room

[14:12] {Threei}  but most of partials earlier in the day didn't really work

[14:12] {vinod} i am using 1k position and no partials so far

[14:13] {Threei}  stop under .70 for the last portion FAZ

[14:14] {Threei}  so far so good

[14:15] {Threei}  not as stellar day as yesterday but pretty solid

[14:16] {vinod} if i use 5k position size will do great but afraid to do so

[14:16] {nemo} welcome to the choir

[14:16] {Threei}  there is a time for everything

[14:17] {patience} i need momo environment to do 5k vinod

[14:17] {Threei}  no one starts with 5K

[14:17] {Threei}  unless they are suciadal

[14:17] {Threei}  MPP has whole procedure for upping the size

[14:17] {Threei}  follow it to the letter, you'll be fine

[14:17] {vinod} i am comfortable with you vad will go slow

[14:20] {Threei}  (US) WHITE HOUSE ECON ADVISOR SUMMERS: THERE IS A LOT OF WORK YET TO BE DONE IN ORDER TO GET THROUGH THE STRAINS IN THE US FINANCIAL SYSTEM

[14:20] {dino}   i've never gone to 5k

[14:21] {Threei}  FED'S BERNANKE: SEES USD REMAINING DOMINANT RESERVE CURRENCY FOR THE FORESEEABLE FUTURE - Q&A

[14:21] {Threei}  you are playing thin stocks dino

[14:21] {nemo} define "foreseeable"?

[14:21] {Threei}  with your style 5K would be triple suicide

[14:21] {nemo} how can you kill yourself more than once?

[14:22] {Threei}  well, you use axe but you don't get it right on the first try

[14:23] {nemo} using an axe to commit suicide is rather difficult

[14:23] {dptl} fitb ?

[14:23] {nemo} RIMM

[14:24] {Threei}  not sure about FITB

[14:24] {larisa} jump off the cliff smoking and shoot yourself half way down :)

[14:24] {Threei}  looks tempting bvut requires a lot of fuel to move

[14:25] {Threei}  sounds about right larisa... also, before jumping swalow a lot of pills and tie the loop around your neck,

[14:25] {nemo} FAS break .50 or are we back into FAZ?

[14:25] {Threei}  you can also increase the effect by jumping out of the window under the moving bus

[14:25] {nemo} Jump in front of a subway train

[14:27] {Threei}  poll: 58% think Obama has clear economic plan

[14:28] {Threei}  I consistently underestimate the numbers of delusional...

[14:28] {nemo} And how many of those polled have any clue about economics

[14:28] {dino} well when 40% don't pay taxes

[14:28] {vinod} nemo how can you kill yourself more than once? --get married?

[14:28] {dino} lol

[14:28] {Threei}  lol

[14:29] {nemo} No...that's torture

[14:29] {larisa} not funny

[14:29] {nemo} no, it's not

[14:29] {vinod} I am sorry i don't know we have female member here

[14:29] {nemo} make's waterboarding like going to get a pedicure

[14:30] {Threei}  don't worry vinod... they laugh just as well, they just don't show it

[14:30] {vinod} I am married over 28 years

[14:31] {Threei}  25 here

[14:31] {nemo} never caught a woman in a weak moment myself...they all sobered up

[14:32] {dino} 14

[14:36] {Threei}  little gambling anyone?

[14:36] {Threei}  DNDN

[14:36] {Threei}  .15 break

[14:36] {Threei}  stop under 17

[14:37] {Threei}  dp, there is EDGX offer

[14:37] {Threei}  make sure you have that enabled

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

[14:38] {dptl} :) ye i see it ..it,s on

[14:38] {Threei}  what was that for?

06[14:38] * nemo slaps Threei around a bit with a large bottle of Grey Goose

[14:38] {larisa} for being sarcastic :)

[14:38] {Threei}  hmmm

[14:39] {Threei}  you prepared to slap me about 60 times per hour?

[14:39] {larisa} lol

[14:39] {nemo} what he say?

[14:39] {dptl} still valid?

[14:39] {Threei}  yes

[14:40] {dptl} got .18

[14:40] {Threei}  half out .31

[14:40] {dptl} out .33 ty

[14:41] {Threei}  stop to .09

[14:41] {dptl} so iam on gamblers list now..:)

[14:41] {Threei}  yup

[14:41] {Threei}  uncomfortable gambler

[14:41] {dptl} lol

[14:42] {Threei}  I combine lists, you see

[14:42] {Threei}  in order to reduce paperwork

[14:42] {Threei}  and save trees

[14:42] {dptl} :)

[14:43] {nemo} why .15 and not when it broke resistance @ .19 or .20?

[14:43] {Threei}  huge offer at .15

[14:43] {nemo} oh

[14:43] {dptl} EDGX

[14:44] {Threei}  allowed to fine-tune entry

[14:44] {Threei}  level 2 must be good for something, right?

[14:44] {dptl} colorfull box nice to look at lol

[14:45] {Threei}  yeah, I am a sucker for flashing lights

[14:46] {Threei}  FEED... 3.30 two day's resistance

[14:46] {Threei}  out DNDN in full

[14:46] {Threei}  .53

[14:46] {Threei}  + something good

[14:46] {_jfjf64} lol

[14:47] {Threei}  this is somewhat wierd play guys... FEED

[14:47] {Threei}  canm turn into swing

[14:48] {Threei}  3.30 resistance, 3 support,

[14:48] {Threei}  looks good on daily,

[14:48] {Threei}  but kind of hard to imagine it would go a lot today if breaks

[14:48] {Threei}  so could turn into overnight hold

[14:49] {Threei}  so decide for yourself if you are comfortable with that

[14:49] {Threei}  and with such wide stop

[14:50] {Threei}  of course you can always turn it into scalp but chart is hard to read for that

[14:51] {Threei}  I'd say, .15 - .20 is closest support for scalpers

[14:51] {Threei}  so break of .40 and spike would be for exit

[14:52] {Threei}  anyone went for it?

[14:52] {_jfjf64} you on fire

[14:53] {Threei}  me is?

[15:02] {nemo} any news?  what with fas

[15:02] {Threei}  nope

[15:03] {dino} whole market

[15:03] {nemo} RIMM not really participating

[15:10] {Threei}  pirates got annoyed I guess... 4 more vessels are taken

[15:12] {Threei}  (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS - UNCONFIRMED REPORT

[15:12] {Threei}  {XLF C BAC}

[15:13] {dino} they need another committee 

[15:14] {cosmo} they need to see they're doctor

[15:19] {nemo} fas break of .65?

[15:19] {Threei}  C starts looking interesting

[15:19] {Threei}  was intrigued at .10 but somehow didn't find resolve in myself

[15:19] {Threei}  watching for some pullback or consolidation now

[15:20] {nemo} damn fas

[15:27] {Threei}  (US) REPORTEDLY US REGULATORS ARE PREPARING A "CONCEPT PAPER" TO EXPLAIN HOW TO INTERPRET THE RESULTS OF BANK STRESS TESTS, TO RELEASE STRESS TEST RESULTS BEFORE THE END OF APRIL (TIMING IN LINE WITH PRIOR GOVT FORECASTS) - UNCONFIRMED REPORT

[15:27] {Threei}  - Regulators still trying to decide how to disclose the results of stress tests.

[15:27] {Threei}  - Regulators (including SEC) are attempting to determine whether tests are deemed an examination or a material event that must be disclosed.

[15:27] {Threei}  - Stress tests will be on capital levels, not capital ratios.

[15:27] {Threei}  - Reminder: Many contradictory reports have circulated in recent weeks on whether or not stress test results will be made public on either a company-specific or industry-wide basis.

[15:28] {Threei}  this all is very stupid

[15:29] {Threei}  if yopu believe that test reflects soething objective, release the results, we have the right to know and there is no need to patronize us

[15:29] {Threei}  if tests are useless, why do you conduct them

[15:29] {nemo} PR looks like they're doing something

[15:30] {Threei}  anyway...

[15:30] {Threei} Long Setup:  FAS  .55 if holding above .45

[15:30] {Threei} Long Setup:  C  .15 if holding above .10

[15:34] {dino} whippy

[15:37] {Threei}  let's modify C

[15:38] {Threei}  .11 long if stays above .05

[15:40] {Threei}  no worly

[15:49] {vinod} see you tomorrow

[15:49] {Threei}  take care vinod

[15:50] {nemo} gnite

[15:53] {Threei}  interesting how strong C remains comparing to other finnies

[15:54] {dptl} have a good evening all

[15:54] {larisa} FAZ and F new highs :)

[15:54] {larisa} bye all

[15:55] {Threei}  take care dp, larisa

[15:55] {Threei}  C

[15:55] {Threei}  WSJ REPORTS THAT STOCK REGISTRATION DELAYED UNTIL AT LEAST FRI

[15:56] {Threei}  I've no idea why it's a good news but I scalped 13 cents

[15:58] {Threei}  okay guys

[15:58] {Threei}  thank you all

[15:58] {Threei}  have a good evening

[15:58] {nemo} gnite

[15:58] {Threei}  see you tomorrow

[15:58] {_jfjf64} ty

[15:59] {vint} good evening all

Apr 13 2009

Perfect day all around. 10 calls, 10 wins. Does it get any better than that? Some of usual suspects (BAC, C, RIMM) plus some odd ones (DNDN, FEED). 

Session Time: Mon Apr 13 00:00:00 2009

[07:56] {nemo} sneaky fellow

[07:56] {Threei}  who is?

[07:56] {nemo} you and you're new toy the header

[07:56] {Threei}  me be?

[07:56] {nemo} no, your evil twin...

[07:57] {Threei}  oh he is

[08:38] {Threei}  DNDN explosion

[08:39] {Threei}  don't see any news

[08:39] {dino} gm all

[08:39] {Threei}  dino :)

[08:41] {nemo} criminy...was there news?

[08:41] {Threei}  either leak or speculation

[08:43] {Threei}  sheesh... 8 on the nose

[08:45] {Threei}  I mean 9

[08:45] {Threei}  and still no news

[08:46] {dino} you take it vad?

[08:46] {Threei}  no

[08:47] {dino} has to be news on provenge (?) drud phase 3

[08:47] {Threei}  nothing on wires

[08:48] {Threei}  shortable... just checking in case we get "no approval" and have time to grab it

[08:50] {wulff} FAS just jumped

[08:52] {pita} morning all

[08:52] {Threei}  pita :)

[08:56] {dino} not finding anything but rumors

[08:56] {Threei}  same here

[08:57] {dino} meeting the 24th

[08:57] {cosmo} $25/shr is best rumor so far

[08:57] {cosmo} dndn that is

[08:58] {dino} yes, thats a nice one

[09:01] {ese} morning

[09:01] {Threei}  ese :)

[09:04] {elepet} good morning

[09:04] {Threei}  elepet :)

[09:08] {dptl} good morning

[09:08] {Threei}  dp :)

[09:10] {vinod} good morning

[09:10] {Threei}  vinod :)

[09:10] {cosmo} YHOO pre mkt high = 14.38  so far

[09:11] {Threei}  resumption of talks with MSFT

[09:13] {Threei}  ese... admin asked to ask you to check your e-mail

[09:13] {ese} that puts it above significant resistance cos......do you think it will just carry on

[09:13] {cosmo} maybe

[09:14] {Threei}  one more thing to keep an eye on: TCK

[09:14] {ese} ok will do.......my Visa expires this month i'm sure thats what it will be about

[09:16] {cosmo} so then ... you're going back home?

[09:16] {Threei}  lol

[09:16] {dino} sorry to hear es

[09:17] {dino} :)

[09:17] {Threei}  come on, it's Canada... no one goes back home, we hide in the neiborhood church

[09:17] {Threei}  until all three immigration officers have to go to the next case

[09:18] {Threei}  how do you think we grew to over 30 mil people...

[09:18] {nemo} sex?

[09:18] {cosmo} sanctuary

[09:19] {Threei}  nice try nemop... but no, we are not changing topic

[09:19] {nemo} no, that's how you grew to 30 million

[09:19] {Threei}  sigh

[09:19] {Threei}  I had one more comeback... "thanks but no"

[09:20] {fernp} Hello everybody

[09:20] {nemo} oy weh

[09:20] {Threei}  fern :)

[09:21] {magoo} morning

[09:21] {Threei}  magoo :)

[09:21] {Threei}  MGM UPDATE: INDICATING HIGHER AFTER REPORTS OVER THE WEEKEND THAT MGM GOT A WAIVER FROM LENDERS ALLOWING IT TO PAY $70M ON THE CITYCENTER PROJECT WITHOUT ITS PARTNER DUBAI WORLD

[09:27] {Threei}  most likely, first moves after the open will be guesses and confusion,

[09:27] {Threei}  later on market will start defining the direction

[09:27] {Threei}  my best guess is, up

[09:28] {cosmo} BRCD

[09:28] {cosmo} 4.91 hi so far

[09:29] {Threei}  04/13/09 06:24am

[09:29] {Threei}  [BRCD] Brocade Communications Systems Inc. Piper Jaffray Raised BRCD to Buy from Neutral, price target: $6

[09:29] {Threei}  - Firm believes an expanded IBM relationship was the biggest variable in BRCD's FY10 revenue guidance of $2.3-2.6B (includes BRCD/FDRY sales synergies) versus the $2.1-2.2B guidance (no sales synergies).

[09:29] {Threei}  - While there is still some residual integration risk with regard to the Foundry acquisition, firm believes there are many near-term catalysts that outweigh the integration risks.

[09:29] {Threei}  WFC

[09:29] {Threei}  ROCHDALE INITIATES WFC WITH BUY

[09:29] {Threei}  a bit late aren't we, Rochdale

[09:29] {nemo} gold up $15

[09:33] {cosmo} ttwo

[09:34] {Threei} Long Setup:  BAC  .30 break if stays above .20

[09:34] {cosmo} 9

[09:34] {magoo} in

[09:36] {Threei}  over 1:1

[09:36] {Threei}  half or scalp

[09:37] {Threei} Long Setup:  TCK  .65 break if stays above .55

[09:38] {Threei}  BAC 1:2

[09:38] {magoo} out .51 TY

[09:39] {ese} BAC...nice job boys.....

[09:42] {nemo} RIMM bolted

[09:42] {Threei}  WGOV?

[09:42] {nemo} tck invalumidated

[09:42] {dino} glbc, apsg

[09:43] {Threei}  wth happened

[09:43] {ese} tck invalidated Vad?

[09:43] {Threei}  yeah

[09:43] {nemo} you've got that outside/inside BBand pattern iin tck happening though

[09:44] {cosmo} ttwo salmon

[09:45] {Threei}  NFLX too

[09:45] {ese} have got nothing with a huge sell yet dino.....have you

[09:46] {dino} not really, apsg, glbc watch

[09:46] {dino} well glbc 20%

[09:47] {Threei}  keep an eye on ITRI dino, ese

[09:47] {Threei}  has p[otential to become your boy

[09:47] {dino} ge up

[09:47] {ese} will do

[09:48] {dino} ok

[09:48] {dino} 44.66 gap

[09:48] {ese} BBBY

[09:49] {nemo} look at BBY on 5 minute chart...a tad scary

[09:50] {ese} L bbby ,43

[09:50] {nemo} what's your stop ese

[09:51] {ese} .30

[09:52] {nemo} ty

[09:53] {dino} news glbc, don't see much

[09:54] {ese} out bbby .52 =}09

[09:54] {ese} +.09

[09:56] {ese} cos are you long yhoo?

[09:56] {dino} hmmmm, waiting a few more minutes

[09:56] {cosmo} y ese

[09:56] {cosmo} salmon huh?

[09:56] {ese} 1 min chart lokss fgab

[09:56] {ese} looks

[09:56] {ese} fab

[09:57] {dino} 1300, 825 gaps from 4/8

[09:58] {Threei} Long Setup:  FEED  2.90 break

[09:58] {Threei}  if stays above 2.80

[09:59] {dptl} in

[09:59] {nemo} too fast

[09:59] {Threei}  half out or scalp above 3

[09:59] {ese} missed it

[09:59] {magoo} WFC 

[09:59] {ese} would have been a good one

[10:00] {dptl} out .03 ty

[10:00] {Threei}  :)

[10:00] {cosmo} YHOO wants 14.40

[10:01] {ese} L ORCL .23

[10:01] {dino} glbc l .30, stop .99

[10:02] {magoo} bac takes 10

[10:02] {patience} good monday morninjg RT  :)

[10:02] {Threei}  patience :)

[10:03] {Threei}  BAC has that look

[10:03] {magoo} yea yea

[10:03] {magoo} wfc too

[10:04] {pita} where is reentry?

[10:05] {dino} aspg l .37, stop 17

[10:05] {dino} apsg

[10:05] {Threei}  WFC, either pullback into 19.15, or break of .50 if never loses .30

[10:05] {cosmo} many stocks breaking out of bases  fyi

[10:05] {Threei}  BAC, pullback under 10 or break of 10.15

[10:06] {ese} did i miss somethin....breakouts are not working......is it pullbacks i should be lookin at?

[10:06] {cosmo} bases

[10:06] {cosmo} on the dailies

[10:07] {ese} tks

[10:07] {magoo} in BAC

[10:07] {ese} my breakout on ORCL didn't work....am not stopped ...but just wonderin

[10:08] {cosmo} just dont think :)

[10:09] {Threei}  ese, your FITB got mojo back

[10:09] {ese} yes i'm long....at 3.10 with swing position

[10:09] {Threei}  wow

[10:09] {Threei}  that's one nice entry

[10:10] {dino} apsg stopped -.20

[10:10] {Threei}  WFC stop to under .40

[10:11] {Threei}  BAC stop to under .10

[10:11] {Threei}  BAC half out or scalp

[10:11] {Threei}  solidly over 1:1

[10:11] {dino} itri hl l .93

[10:11] {Threei}  WFC 1:1 almost

[10:11] {magoo} out BAC .41 TY BOSS

[10:11] {Threei}  half out WFC too

[10:11] {dino} apsg rinsed

[10:12] {Threei}  this one is a bit more volatile, gota keep risk unde stricter control

[10:12] {pita} BAC ty

[10:12] {Threei}  welcome guys

[10:13] {Threei}  WFC well above 1:1

[10:14] {Threei}  [09:27] {Threei} most likely, first moves after the open will be guesses and confusion,

[10:14] {Threei}  [09:27] {Threei} later on market will start defining the direction

[10:14] {Threei}  [09:27] {Threei} my best guess is, up

[10:14] {Threei}  panned out perfectly

[10:14] {Threei}  WFC 1:2 is coming

[10:14] {magoo} man..wishh i held all my original positionbs..would be REIC

[10:15] {Threei}  LULU... will I get this one right some day or not

[10:15] {Threei}  just gets away from me all the time

[10:16] {nemo} FAS/FAZ

[10:16] {dino} glbc stop to .51

[10:17] {cosmo} yhoo should hold .30  imo

[10:17] {magoo} its a wild aninmal vad..lulu..despite nice name

[10:17] {magoo} time for a pullbk

[10:17] {Threei}  nemo... you agree with me now that they meet today?? :)

[10:18] {nemo} could happen

[10:18] {Threei}  lousy 50 cents left

[10:18] {nemo} yeah, and I missed BAC this morning by .01...we'll see

[10:19] {dino} itri slipped stopped -.27

[10:20] {dino} glbc to .59

[10:21] {dino} out glbc .62, +.32

[10:24] {ese} dcc Vad?

[10:24] {nemo} no gravity on the financials.  Pour a shot Vad...here comes the crossing

[10:24] {Threei}  AIG...

[10:24] {Threei}  something's brewing here too

[10:25] {nemo} they crossed

[10:25] {dino} apsg last try l .42

[10:25] {dptl} ttwo?

[10:26] {Threei}  not an easy one

[10:26] {Threei}  I observed it as it tried to break .30 around 9:50

[10:26] {Threei}  it can be very nastuy

[10:27] {dptl} ok ty leaving it alone then

[10:27] {dino} blud

[10:28] {dptl} bpo?

[10:29] {Threei}  don't know... strange thing

[10:31] {dptl} aib?

[10:31] {nemo} weird we got the crossing then financials turned south

[10:31] {Threei}  yikes... where do you find these wierdos, lol

[10:32] {nemo} the mirror

[10:32] {Threei}  talking to do actually, but thank you for the information, nemo {G}

[10:32] {Threei}  to dp

[10:32] {dptl} :)

[10:35] {Threei}  TREASURY'S GEITHNER TO HOST G7 FINMIN MEETING IN DC ON APRIL 25

[10:36] {nemo} wow DOW volume huge, NAS low, S&P about 120%

[10:36] {Threei}  finnies are doing that I'd assume

[10:36] {Threei}  NAS is light on those

[10:40] {dino} options exp fri, fwiw...imo watch zeros and fives this week

[10:42] {Threei}  morning drop into 4.05 on F was very tempting... don't know why I hesitated to call it

[10:46] {dptl} mdt?

[10:46] {Threei}  .25 break worth a try

[10:46] {Threei}  stop under .15

[10:47] {dino} snda

[10:47] {dptl} ok ty

[10:50] {Threei}  amazes me how DNDN is holding

[10:51] {Threei}  gotta keep an eye on it

[10:51] {Threei}  this thing may be preparing another surprize

[10:53] {Threei}  if market picks up serious upward pace, one more momo candidate: APWR

[10:53] {Threei}  6.25 break

[10:55] {_robert} C?

[10:56] {Threei}  C is one of tyhe banks reporting over next week or two... bets are being placed whether it pulls WFC

[10:56] {Threei}  IMO, play it with FAS

[10:57] {_robert} ok, ty 3i

[10:57] {Threei}  their charts are very similar today

[10:57] {Threei}  if FAS resumes this victory march, C will be one of participants

[10:57] {_robert} ty

[10:58] {dptl} au?

[10:58] {Threei}  nah

[11:04] {ese} stopped orcl .00  &^%&^$^%

[11:06] {ese} didn't think it would go below 19.00

[11:14] {Threei} Long Setup:  RIMM  .80 break if stays above .70

[11:16] {dptl} in

[11:18] {Threei}  over 1:1, half out

[11:19] {Threei}  scalpers are scalpers

[11:20] {dptl} out .90 and .02 ty

[11:21] {Threei}  welcome

[11:21] {Threei}  1/4 more out .07

[11:22] {Threei}  offering last part .15

[11:23] {Threei}  out in full

[11:23] {Threei}  +.34

[11:24] {_jfjf64} nice nice

[11:24] {dino}  lbc l .85

[11:24] {Threei}  what do we have, 5:5 so far?

[11:25] {magoo} yup

[11:25] {Threei}  can I go home?

[11:26] {magoo} nope

[11:26] {Threei}  meanie

[11:26] {magoo} u are home btw

[11:27] {Threei}  hmmm

[11:28] {nemo} financials breaking out again

[11:28] {Threei}  PRESIDENT OBAMA: STIMULUS PROJECTS ARE AHEAD OF SCHEDULE, UNDER BUDGET

[11:29] {dptl} apwr if takes .25 stop under .10?

[11:29] {Threei}  yeah... risky one

[11:32] {Threei}  pirates vow revenge against USA

[11:33] {Threei}  I'll attack you but if you defend yourself I'll retaliate

[11:33] {Threei}  what's wrong with this picture?

[11:33] {nemo} Lucky Obama's president,they don't have to worry about a b52 strike levelling the coast of Somalia

[11:34] {Threei}  - Obama scheduled to speak on stimulus projects at the Dept of Transportation in a few minutes

[11:34] {nemo} buying more hybrids?

[11:35] {dino} what we need is reagan tossing a few at them

[11:35] {Threei}  why do I feel skeptical about e-mail promising weight loss with, wait for it...

[11:35] {Threei}  * No Exersize *

[11:36] {dino} just stop eating 3i

[11:36] {Threei}  I will - bui they need to learn to spell first

[11:37] {Threei}  feels like another spike is coming

[11:38] {Threei}  RIMM pulled back enough to become interesting again

[11:38] {Threei}  64 break

[11:38] {Threei}  stop under .90

[11:38] {nemo} that blew by

[11:40] {Threei}  anyone got it?

[11:40] {pita} in 04

[11:40] {nemo} how far away from break can you buy?

[11:40] {Threei}  I'd trail stop to under .95

[11:41] {dino} itri l .30

[11:41] {Threei}  we are moving into lunch time, gotta tighten things up

[11:41] {Threei}  over 1:1

[11:41] {Threei}  feel free to book it

[11:41] {dptl} mtl?

[11:42] {Threei}  not sure... way too slow

[11:42] {pita} booked ty

[11:42] {Threei}  welcome

[11:42] {dino} gj

[11:43] {dino} what the?

[11:44] {nemo} aliens?

[11:44] {dino} drop 

[11:45] {dptl} gci?

[11:46] {dino} ariel cap. ups stake to 12%

[11:46] {dino} axys hl l .27

[11:48] {Threei}  Prez on TV

[11:48] {nemo} weird spikes in shadows in FAS and FAZ today

[11:51] {dino} prez =markets drop

[11:53] {dptl} Vad,how about gci?

[11:54] {Threei}  I don't know

[11:54] {Threei}  this is not the kind of stock I would chase that far

[11:54] {dptl} yeah..got away

[11:55] {nemo} just like that FAS FAZ are $2 bucks apart again

[11:55] {dptl} was thinking.70 break with .60 stop

[11:55] {dino} dp, see above 12%

[12:09] {Threei}  US TREASURY RELEASES MUTUAL BANKS TARP TERM SHEET

[12:10] {Threei}  keep an eye on JNPR

[12:10] {Threei}  if market drops, this one looks nicely for a short

[12:11] {Threei}  17.80 being obvious trigger,

[12:12] {Threei}  but aggressive entry looks possible if we get sharp market drop and JNOPR delay

[12:13] {_jfjf64} stop??

[12:13] {Threei}  so far high of consolidation range is .92

[12:14] {Threei}  so .95 looks right for a stop with aggressive entry

[12:14] {_jfjf64} ty

[12:16] {nemo} RIMM Vad?

[12:17] {Threei}  market feels to me like dropping from here

[12:17] {dino} itri stop to .74

[12:17] {Threei}  RIMM doesn't look this way

[12:17] {Threei}  so my read is probably off

[12:17] {Threei}  backing away

[12:18] {dino} slipped .73 out, +.43

[12:20] {dino} cyou

[12:20] {nemo} omg

[12:20] {dino} straight up

[12:21] {Threei}  nice drop RIMM

[12:21] {Threei}  why did I not call short?

[12:21] {nemo} you said you couldn

[12:21] {nemo} read it

[12:23] {ese} L drys .75

[12:24] {ese} .759 to be exact

[12:25] {ese} out drys .80 +.05

[12:25] {dino} powl?

[12:26] {ese} $205 on 5000 shs

[12:26] {Threei}  ese become quite proficient at scalp type I

[12:26] {nemo} yeah, got out just in time too

[12:26] {ese} am trying ....not better than 50/50 yet

[12:27] {ese} witness orcl this morning

[12:28] {dino} esrx happy

[12:28] {ese} l drys .76

[12:28] {ese} out .81

[12:29] {ese} +.05 again same deal

[12:29] {ese} drys can pop up there like that though

[12:32] {dptl} long apwr.25

[12:32] {ese} one thing that has changed in my trading though is that when i exit a stock and it shoots up .......i'm into the "ahhhhhhh big deal stage"...more where that came from....doesn't bug frame of mind

[12:34] {nemo} was RIMM on break of resistance a reasonable trade?  Or not at lunch time?

[12:34] {dino} seems you've found your edge

[12:35] {ese} it's taken a while dino.......

[12:35] {Threei}  answer in retrospect will sure be tainted by knowing the outcome

[12:35] {nemo} came right back too, lunch time scalp at best

[12:36] {ese} a la drys right now......shot right up there....has no effect on me......whereas before it was the ..."Damn.....if i'd just hung on sybdrome"

[12:36] {Threei}  wow DRYS

[12:36] {ese} thanks vad.....i needed that

[12:36] {dptl} spwr stop still under .10?

[12:36] {dptl} apwr i mean

[12:37] {Threei}  reasonable to move it under .15

[12:37] {dptl} ok ty

[12:38] {nemo} JNPR long break of .95?

[12:38] {Threei}  (CH) UPDATE: CHINESE GOVT RESEARCHER FORECASTING PROPERTY PRICES IN CHINA TO FALL BY 50% OVER NEXT TWO YEARS

[12:38] {Threei}  nah, I'd leave JNPR alonwe

[12:39] {nemo} yeah, and EJ is up .25 more since that announcement

[12:40] {Threei}  WFC pulled back nicely for scalp entry

[12:40] {Threei}  watch FAS for upticks to grab WFC

[12:41] {Threei}  ummm

[12:41] {Threei}  way too fast

[12:41] {Threei}  don't chase, beter let it go

[12:41] {dptl} out some .39 apwr

[12:42] {Threei}  wtg

[12:42] {Threei}  good focus

[12:42] {dptl} ty :)

[12:42] {Threei}  anyone else took APWR?

[12:43] {Threei}  lazy bums... clean JBE

[12:44] {Threei}  that's 7 for 7, and I am on strike

[12:45] {dptl} all out .49 ty

[12:45] {dino} cyou continues

06[12:45] * Threei slaps dptl around a bit with a large roll of cash

[12:45] {nemo} better take tomorrow off then GS will announce everything will rocket pre-market, and the rest of the day will suck

[12:46] {magoo} when GS report?

[12:46] {nemo} hold on

[12:46] {Threei}  tomorrow before open

[12:46] {magoo} before..interesting

[12:47] {nemo} yeah, day off tomorrow

[12:47] {magoo} u taking off nemo?

[12:47] {nemo} no, I'll be here, but if everything rockets, we get a repeat of WFC's preannouncement

[12:48] {nemo} well, that's if history repeats itself

[12:49] {nemo} GS has probably made a killing this quarter, considering they were one of the big counterparties to AIG

[12:49] {pita} later all

[12:49] {Threei}  take care pita

[12:50] {dino} vprt drop

06[12:52] * magoo slaps laserdave around a bit with a large trout

06[12:52] * magoo slaps laserdave around a bit with a large trout

06[12:52] * magoo slaps laserdave around a bit with a large trout

[12:52] {laserdave} tanks

[12:52] {magoo} dont mention it:)

[12:54] {dino} vprt l .70

06[12:55] * Threei slaps laserdave around a bit with a large chart of uptrending market

06[12:58] * magoo slaps Threei around a bit with a large trout

06[12:58] * magoo slaps patience around a bit with a large trout

[12:59] {dino} algt

[13:12] {dino} chtt drop

[13:13] {dptl} will aa break 9?

[13:14] {Threei}  better question is,

[13:14] {Threei}  if it breaks, what are you going to do?

[13:15] {Threei}  see my point?

[13:16] {Threei}  what's the use in predicting

[13:16] {Threei}  better prepare your scenario

[13:16] {Threei}  and go with plan

[13:16] {nemo} 9 break stop under .93...maybe?

[13:17] {dptl} will take 9 break with .stop under .95

[13:18] {nemo} sorry, I was looking at 5 minute chart

[13:19] {dino} fslr

[13:19] {patience} magoo, why you trouting me?

[13:20] {magoo} because i can

[13:20] {nemo} it's a betrouthal

[13:21] {nemo} mmmh market woke up

[13:21] {Threei}  1:1

[13:21] {dptl} jeez...didn' get it ...how come? had .02 prepared

[13:22] {dptl} hmm wierd oh well

[13:22] {dptl} nice one..did you get it Vad?

[13:22] {Threei}  was distracted

[13:22] {Threei}  saw it breaking when it was at .05

[13:23] {dptl} here comes apwr for another leg

[13:24] {Threei}  spread became nasty

[13:25] {Threei}  sheesh

[13:25] {Threei}  look at CUBA

[13:27] {dptl} they talk about Cuba on cnbc now

[13:28] {Threei}  C

[13:28] {Threei}  chart is nice for 3.50 break

[13:29] {dptl} stop at.40?

[13:29] {Threei}  depends

[13:29] {Threei}  there are a few way to play it

[13:29] {Threei}  fo scalp type I, .44

[13:29] {dptl} no under .45 i think for scalp

[13:29] {dptl} oops

[13:29] {Threei}  for a day trade either under .40 or .35

[13:30] {dptl} aa 1:3

[13:30] {nemo} tck on 5 minute vad

[13:31] {Threei}  then there is a swing trade if you believe in GS earthshuttering report

[13:31] {Threei}  don't have read on TCK

[13:32] {nemo} in on c @ .50 or wait until .51?

[13:32] {Threei}  last shares at .50 ideally

[13:32] {Threei}  just before uptick

[13:32] {dptl} in c .50

[13:34] {dino} axys stop to .65

[13:34] {dino} out slipped .60 ave, +.30

[13:36] {dino} vprt stop to .82

[13:36] {Threei}  BAC new high...

[13:36] {dino} chtt sm l .51

[13:37] {dino} to .88 vprt

[13:38] {dino} out .88, +.18

[13:38] {magoo} nice fast

[13:44] {nemo} wanna' talk nicely to C Vad?

[13:45] {dptl} stop to under .48?

[13:45] {Threei}  hmmm

[13:45] {Threei}  is it really my style

[13:46] {nemo} on occasion

[13:46] {Threei}  if you want to be very anal-retentive, dp...

[13:46] {dptl}  ok..:)

[13:47] {Threei}  1:1 for type I

[13:47] {dptl} out some .06 1:1

[13:47] {Threei}  ese... fess up

[13:48] {nemo} out ty

[13:48] {Threei}  this is so your kind of play

[13:48] {Threei}  welcome

[13:48] {Threei}  this is what, 8:8 or 9:9?

[13:48] {dptl} yeah i see Ese on al of the ecn's

[13:49] {nemo} 9:9  counting the one you got distracted on

[13:49] {Threei}  cool beans... next time I'll just kill the guy who phoned 30 seconds before AA broke out

[13:49] {nemo} you didn't have to answer

[13:50] {Threei}  so what... I don't pretend to be fair

[13:50] {nemo} what?

[13:50] {Threei}  killing him would be unfair since it's my fault for answering the call, right?

[13:50] {nemo} right

[13:51] {Threei}  since I don't even pretend to be fair, I can still kill him

[13:51] {dptl} all out c ty

[13:51] {nemo} then again, you're just helping his soul transition to the next rotation

[13:51] {Threei}  welcome

[13:51] {Threei}  there you go

[13:51] {nemo} It's a great rationalization that has worked for me countless times

[13:52] {Threei}  also, helps with his headaches

[13:52] {Threei}  in a very radical way

[13:52] {nemo} what headaches?

[13:52] {Threei}  well, if he calls me for advice he must have some

[13:53] {Threei}  and if he doesn't, I'll still think he does - another rationalization

[13:53] {magoo} mkts got that same feel as thursday imo

[13:54] {Threei}  I agree

[13:54] {nemo} O eye C, you'll end his headaches

[13:54] {Threei}  whew

[13:54] {magoo} magoo faints

[13:54] {Threei}  was it so deeply coded?

[13:54] {nemo} multi-tasking

[13:57] {ese} sorry all....stepped out for a few minutes......fess up on what????   what did i miss or what have I been accused of ehhhhhhhh????

[13:57] {Threei}  missed C scalp type I

[13:58] {Threei}  .50 entry

[13:58] {Threei}  hit .60

[13:58] {nemo} just the usual ese...miscreant deviance

[13:58] {magoo} any read GS VAD?

[13:58] {Threei}  so your kind of play

[13:59] {_jfjf64} nice c nice

[13:59] {Threei}  up mags... but finding an entry on it, I don;'t even want to try

[13:59] {Threei}  when it danced around 128, I thought 130 today for sure,

[13:59] {magoo} BAC 11

[14:00] {magoo} i think 135 vad

[14:00] {Threei}  watched it for a while trying to find entry, gave up finally

[14:00] {Threei}  BAC one of the strongest

[14:00] {magoo} if holds130..135 in cards

[14:00] {magoo} big levels

[14:00] {nemo} fas vad

[14:00] {nemo} too late

[14:01] {nemo} reenter C break of .60?

[14:02] {Threei}  let's try for pullback rather

[14:02] {Threei}  BAC pulled back into 11

[14:02] {magoo} now its wfc turn..in it .50

[14:02] {Threei}  cross back over 11 if holding 10.90

[14:03] {nemo} RIMM pull back

[14:04] {magoo} took dime WFC

[14:04] {nemo} shit RIMM

[14:10] {Threei}  BAC invaliadated

[14:13] {nemo} It's like FAZ and FAS are magnets with opposite polarity.

[14:14] {ese} I'm outta here for the day all....see you tomorow

[14:14] {Threei}  take care ese

[14:14] {nemo} P&Q ese

[14:14] {ese} you bet

[14:14] {Threei} Long Setup:  BAC  .76

[14:14] {Threei}  stop under .70

[14:17] {dptl} thin one: cetv ?

[14:18] {Threei}  frikin thing is up 2 and half bucks

[14:18] {Threei}  no way I am touching it here

[14:19] {dptl} 2.5?

[14:19] {nemo} VAD wfc

[14:19] {Threei}  half out BAC .84

[14:19] {Threei}  scalkpers take profit

[14:20] {Threei}  low 13.50

[14:20] {Threei}  right now at 16t

[14:20] {Threei}  16 - 13.50 = 2.50

[14:20] {Threei}  no?

[14:20] {dptl} oh ye from low today...yes 

[14:23] {Threei}  out second half BAC

[14:23] {Threei}  .91

[14:23] {Threei}  10:10

[14:23] {Threei}  can I go home finally???

06[14:24] * Threei slaps magoo around a bit with a large demands, from "can I go home" to "I want a raise"

[14:24] {_jfjf64} nice nice

[14:24] {magoo} nooooooooo

[14:32] {dino} scanners green

[14:32] {patience} but are they moving?

[14:33] {dino} indeed

[14:36] {dptl} mi?

[14:37] {Threei}  lol

[14:38] {Threei}  where do you find those that run today more than in their three previous lifetimes

[14:38] {nemo} C&H 5 minute chart TCK

[14:38] {dino} everywhere

[14:38] {dptl} lol...

[14:42] {nemo} Everybody is expecting GS to blow out earnings tomorrow, yes?

[14:44] {nemo} C Vad...too late

[14:44] {magoo} problem is it is way up in advance

[14:45] {nemo} you talkin' GS mags?

[14:45] {magoo} yes

[14:45] {Threei}  C is going higher IMO

[14:45] {nemo} my thoughts too

[14:45] {magoo} might be set to sell the news

[14:45] {Threei}  I just don't want to be a breakout buyer on it

[14:45] {dino} you have to worry about buy the rumor sell the news on that run

[14:45] {nemo} my thoughts too mags

[14:45] {Threei}  notice it bottomed out right when BAC did

[14:46] {magoo} may stay strong tpoday tho

[14:46] {nemo} yes, and yes

[14:47] {magoo} like i could see 133-134 today

[14:48] {Threei}  F

[14:48] {Threei}  S&P RAISES RATINGS TO CCC+ FROM SD-; OUTLOOK NEGATIVE

[14:48] {Threei}  - The upgrade reflects our evaluation of Ford's creditworthiness following the company's completion of what we considered to be a distressed debt exchange. The transaction improved Ford's capital structure; Ford's automotive debt was reduced by $9.9B, from $25.8B at Dec. 31, 2008. Still, Ford estimates that annual cash interest savings will be less than $600M, a fraction of the company's automotive cash outflows in 2008 and, we believe, in 2009.{GM}

[14:49] {dptl} Vad..how about aa short of .23?

[14:49] {Threei}  50/50, IMO

[14:50] {dptl} ok

[14:50] {dptl} ty

[14:56] {dino} vprt l .00

[14:57] {Threei}  BAC lost mojo somewhat, C stays strong

[14:58] {Threei}  ugh

[14:58] {nemo} what did you miss?

[14:58] {Threei}  DNDN, I was keeping it on a backburner for so long that finally missed the spike

[14:59] {Threei}  lol

[14:59] {laserdave} im away?

[14:59] {laserdave} where did i go?

[14:59] {Threei}  dave is losing it

06[14:59] * nemo slaps laserdave around a bit with a large bottle of no-doz

[15:07] {magoo} vad..whatcha think here?

[15:08] {Threei}  explosive finish

[15:09] {nemo} explosive or implosive?

[15:11] {Threei}  UN SECURITY COUNCIL FORMALLY ADOPTS STATEMENTS CONDEMNING NORTH KOREA'S ROCKET LAUNCH

[15:13] {dino} vprt to b/e

[15:15] {dino} to .11

[15:15] {dino} out vprt +.11

[15:15] {dino} re: n korea, like they care

[15:15] {nemo} gotta' send in the "World Police"

[15:17] {dino} another "resolution" w/o teeth, big deal, mark my words in 60 days they will give hundreds of millions in aid to them, calling it tough new deal

[15:17] {dino} every year same thing

[15:19] {Threei}  FAS is trading above FAZ

[15:19] {magoo} thats SICK

[15:19] {Threei}  how funny is that

[15:19] {dino} powl to .10

[15:19] {Threei}  FAS started as 20 if I remember correct

[15:19] {Threei}  FAZ at 120

[15:20] {Threei}  both are under 10

[15:20] {Threei}  what kind of vehicle is that

[15:20] {Threei}  lol

[15:21] {dino} out powl .25, ave +.33

[15:22] {dino} hybrid i guess

[15:22] {Threei}  lol

[15:22] {nemo} is that the Buffet china investment?

[15:22] {Threei}  you mean feel-good-but-totally-useless-POS?

[15:23] {nemo} don't know, I have an article, am not watching CNBC

[15:23] {dino} pretty much

[15:23] {dino} whats cnbc

[15:23] {nemo} it's a matador

[15:24] {dino} lol

[15:24] {nemo} wondering if you remembered?

[15:27] {dino} ?

[15:27] {nemo} what

[15:33] {dino} i guess i don't remember

[15:34] {nemo} What's a matador?  Ugly AMC car

[15:34] {Threei}  I feel this conversation would be bought by stand-up comedians on the spot

[15:34] {dino} ahhhh, was lost there

[15:34] {nemo} you're younger than I am

[15:34] {dino} 44

[15:35] {nemo} yep

[15:38] {dino} glbc to .81, all dayer

[15:39] {dino} out .85 flat

[15:40] {dino} now just need to get rid of that piece of chtt

[15:41] {dino} c'mon, that's funny

[15:41] {magoo} vad..what ya looking at?}

[15:41] {nemo} yeah, just tired, dino

[15:41] {Threei}  at dino's line

[15:41] {Threei}  trying to figure out funny part

[15:41] {Threei}  kidding dino... it is funny :)

[15:42] {dino} you guys kill me

[15:42] {Threei}  TRBR

[15:42] {Threei}  is that a joke?

[15:42] {dino} like an abbott and costello show

[15:43] {Threei}  mags, C and BAC are main players

[15:44] {Threei}  I am just not sure it's worth risk so close to eod

[15:44] {nemo} wish I had gone long on that C break of .60...

[15:44] {Threei}  do I really want to spoil the perfect day?

[15:45] {dino} 6 for 9

[15:49] {dino} out chtt .60, +.15 ave

[15:49] {dptl} have a good evening all

[15:49] {Threei}  take care dp

[15:49] {dino} that's it for me, don't want to mess up

[15:50] {Threei}  neither do I

[15:50] {Threei}  just watching the close

[15:50] {Threei}  interestingly quiet

[15:50] {Threei}  at the high

[15:51] {nemo} bode higher for tomorrow Vad?

[15:52] {Threei}  well, action wise yes but still gotta hear from GS

[15:52] {nemo} or, the reaction to GS anyway.  I think they kill it tomorrow

[15:53] {Threei}  GS may prove very hard to kill...

[15:53] {nemo} No...I mean earnings, they did well this quarter

[15:53] {cosmo} on bailouts

[15:53] {Threei}  rumor says total kill

[15:54] {Threei}  overkill

[15:54] {nemo} wow RIMM giving it back

[15:54] {Threei}  kill twice, and then kill again to be sure

[15:54] {nemo} Taxpayer got fornicated big time

[15:54] {Threei}  US PATENT OFFICE REPORTEDLY REJECTS ALU TOUCH-SCREEN PATENT THAT RESULTED IN A $358M JURY VERDICT AGAINST MSFT

[15:54] {Threei}  - in a March 26 notice, the patent office stated the elements of the patent used to rule against MSFT were obvious variations of public domain touch screen tech. ALU patents will remain in force during any appeal process that ALU intiates with the patent office.

[15:54] {Threei}  - the jury verdict last year with interest now stands at about $511M.

[15:54] {Threei}  - the case is Lucent Technologies v Gateway Inc. in the southern district court of California.

[15:56] {Threei}  any blip with GS, FAZ will be major buy

[15:56] {nemo} Have to be up early tomorrow

[15:57] {Threei}  okay guys, hope everyone's happy today

[15:57] {Threei}  who isn't load up on dopamine

[15:57] {Threei}  have a good evening, see you all tomorrpw

[15:57] {Threei}  will be verrry interesting day

[15:58] {magoo} ty vad

[15:58] {magoo} everyone

[16:00] {_jfjf64} nice day 3i

[16:00] {Threei}  yeah... I reserve right for couple stops tomorrow

[16:01] {_jfjf64} lol

Apr 09 2009

As most of big gap days, this one was tough for intraday trades. The only game in town was financial sector, and excessive gap and volatility made the read hard. Stops and wins came and went in roughly equal numbers. 

Session Time: Thu Apr 09 00:00:00 2009

[08:03] {Threei}  08:01am

[08:03] {Threei}  [WFC] Wells Fargo & Co Guides Q1 $0.55, R $20B v $19Be

[08:03] {Threei}  - Combined net charge-offs of $3.3B, compared with fourth quarter net charge-offs totaling $2.8 billion at legacy Wells Fargo and $3.3B at legacy Wachovia

[08:13] {Threei}  07:27am

[08:13] {Threei}  [APWR] A-Power Energy Generation Systems Reports Q4 0.30 v $0.15e, R $81.4M v $75.9Me

[08:13] {Threei}  - Guides FY09 Rev $290M v $259Me

[08:13] {nemo} wow

[08:14] {cosmo} CAT's up

[08:15] {cosmo} could be the next big auto maker...

[08:15] {Threei}  everything's u[

[08:15] {Threei}  except FAZ and others of that breed

[08:15] {nemo} Futures have exploded

[08:15] {Threei}  WFS earnings... rumor all 19 banks passed stress test

[08:16] {nemo} we know they were all going to pass

[08:16] {Threei}  hmm?

[08:16] {Threei}  that wasn't thew theme

[08:16] {Threei}  the theme was, no announcement of test results for this or for that reason

[08:17] {Threei}  which injected skepticism

[08:17] {nemo} Yeah, think of it like analyst upgrades and downgrades

[08:17] {nemo} Even if they didn't pass, we'll never know

[08:17] {Threei}  "all passed" certainly has mark of good news on it

[08:18] {nemo} Potemkin Village comes to mind

[08:18] {Threei}  sure

[08:18] {Threei}  but that was not a given

[08:18] {nemo} Unless we're being led

[08:19] {Threei}  FAZ... oh the pain

[08:19] {Threei}  those who think low price by default is a buy, have a great opportunity to re-think their thinking

[08:20] {nemo} amazing...WFC...record net income after preferred's

[08:20] {cosmo} ... and bailouts...

[08:21] {nemo} http://www.ritholtz.com/blog/2009/04/stress-test-insanity/

[08:21] {larisa} good morning everybody :)

[08:21] {nemo} larry :)

[08:21] {cosmo} hmmm

[08:21] {Threei}  larisa :)

[08:22] {nemo} watcha thinking cosmic?

[08:22] {cosmo} la''y

[08:22] {larisa} looking in the mirror, no, not larry :)

[08:22] {nemo} oh, freeform...silly...or is it 'ally?  Seen the futures? Big train a coming.

[08:23] {cosmo} that's the light at the end of the tunnel

[08:23] {nemo} Sure it is  :)

[08:25] {cosmo} CSCO nice pull back...

[08:25] {cosmo} 7.49

[08:26] {nemo} The SEC sales tax will increase from $5.60 per million dollars sold to $25.70 per 

[08:26] {nemo} million dollars sold. 

[08:26] {nemo} They're almost quintupling the sales tax!

[08:28] {cosmo} SNDK

[08:30] {cosmo} 14.10 recent high

[08:30] {Threei}  (US) INITIAL JOBLESS CLAIMS W/E APR 4TH: 654K V 660KE; CONTINUING CLAIMS W/E MARCH 28TH: V 5.8ME

[08:30] {Threei}  CONTINUING CLAIMS W/E MARCH 28TH: 5.84M V 5.8ME

[08:30] {Threei}  - Prior Jobless Claims revised from 669k to 674Kk

[08:30] {Threei}  - Prior continuing Claims revised from 5.728M to 5.745M

[08:30] {ese} morning

[08:30] {Threei}  ese :)

[08:31] {Threei}  (US) FEB TRADE BALANCE: -$26.0B V -$36.0BE

[08:31] {Threei}  - prior revised from -$36B to -$36.2B

[08:31] {Threei}  (US) MARCH IMPORT PRICE INDEX M/M: 0.5% V 0.9%E, Y/Y: -14.7% V -14.7%E

[08:31] {Threei}  - prior (m/m) revised from -0.2% to -0.1%

[08:31] {Threei}  - prior (y/y) revised from -12.8% to -12.7%

[08:33] {fernp} Hello everybody

[08:33] {Threei}  fern :)

[08:35] {ese} any word on the Bulk Dry Index Vad?

[08:36] {Threei}  not yet today

[08:37] {ese} I held my 4000 shs of drys yesterday overnight...i'm up 2000 to start.....after the announcement by Maersk that he's rasing rates....i went hmmmmmmm

[08:41] {vinod} good morning

[08:41] {dptl} good morning

[08:41] {Threei}  vinod, dp :)

[08:42] {Threei}  ese... had a look at F?

[08:42] {ese} yup

[08:42] {Threei}  C

[08:42] {Threei}  FOX-PITT ANALYST COMMENTS THAT CITI HAS AN "INCREASED PROBABILITY OF SURVIVAL"

[08:43] {Threei}  IMF'S LIPSKY: WORTH CONSIDERING SINGLE CURRENCY IN THE FUTURE

[08:43] {Threei}  uhhu

[08:43] {Threei}  dream on

[08:43] {ese} i missed that consolidation patter between .62 & .72 cents....that looked very much like Fitb

[08:44] {Threei}  that was my point when I mentioned it to you... and I made the parallel between the two

[08:44] {ese} single curency with who.....us?

[08:44] {Threei}  worldwide I take it :)

[08:45] {Threei}  IMF'S LIPSKY: WORTH CONSIDERING SINGLE CURRENCY IN THE FUTURE; CURRENCY DEBATE ALWAYS COMES UP DURING CRISES

[08:45] {Threei}  - Sees no 'short-term' move from current reserve currencies

[08:45] {ese} I'm trying to find stocks with narrow consolidation pattern like that.....easy to read and very effective

[08:46] {Threei}  sheesh WFC

[08:46] {ese} whoa...your not kidding

[08:47] {ese} wfc

[08:49] {ese} financials look like they'll be in play today

[08:49] {magoo} morning

[08:49] {Threei}  magoo :)

[08:50] {magoo} whats going on with financials today?

[08:50] {pita} gm all

[08:50] {ese} going nuts

[08:50] {Threei}  WFC good earnings, and ruimor that all 19 banks passed stress test

[08:50] {ese} pita

[08:50] {Threei}  pita :)

[08:50] {magoo} crushing SKF

[08:50] {Threei}  and FAZ

[08:51] {Threei}  FAS high from 03/19 is 7.8

[08:52] {magoo} u in anything here?

[08:52] {Threei}  in F from yesterday...

[08:52] {Threei}  nothing today, things opened with prohibiting gap

[08:53] {magoo} ma WFC nuts

[08:53] {ese} nice vad.....when did you get in...at the consolidation?

[08:53] {Threei}  no, later... 3.95

[08:54] {cosmo} and now....a stress test for traders?

[08:54] {ese} everyday a stress test cos..........brutal business

[08:54] {Threei}  dumped 5K at 4.15, +.20

[08:55] {Threei}  5K left

[08:55] {ese} nice........

[08:55] {Threei}  it's beden quite a while since I did anything like this

[08:55] {Threei}  been

[08:57] {ese} you still have a half a postion vad?

[08:57] {Threei}  yes

[08:57] {Threei}  want to exit into spike over .20

[08:58] {Threei}  stop 3.99 now, so no way I lose on this one

[08:58] {cosmo} ... trading like its 1999

[08:59] {nemo} geez...if WFC reports .55/qtr that's $2.20 for the year, times a conservative 12 multiple, that's around $26.50

[09:01] {nemo} what are we watching besides F :)

[09:01] {Threei}  ah come on

[09:01] {nemo} is this throw a dart day?

[09:01] {Threei}  imagine you are asked to provide list to watch this morning

[09:01] {Threei}  what would you suggest?

[09:01] {nemo} How many times you told me not to think?????

[09:01] {Threei}  still do...

[09:02] {nemo} I'm confused

[09:02] {Threei}  you don't need to think to come up with stocks to watch this morning

[09:02] {cosmo} think so?

[09:02] {Threei}  lol

[09:07] {Threei}  WFC CFO: BELIEVES ECONOMY IS 'NOT OUT OF THE WOODS' YET

[09:09] {cosmo} carefull ... wooden nickles

[09:11] {dino} gm all

[09:11] {Threei}  dino :)

[09:12] {ese} dino

[09:12] {Threei}  WFC CFO: FEEL LIKE THE COMPANY 'A LOT CLOSER TO BOTTOM'

[09:12] {Threei}  ummm

[09:13] {Threei}  by today's action, it's a lot farther from the bottom

[09:13] {ese} ya....wheres he at?

[09:14] {ese} ya just get the feeling that some of these guys just have no clue.......no wonder there companies go under

[09:15] {Threei}  well, to be fair... this whole debacle has shown not many in the world had any clue, lol

[09:15] {ese} indeed

[09:15] {Threei}  scanhged my mind a bit and dumped 3K more F

[09:16] {cosmo} the "poor dads' had a clue tho

[09:16] {nemo} morning euphoria fading?

[09:17] {ese} not according to the qqqq nemo

[09:17] {dino} m2m changes the reason for wfc?

[09:17] {dino} txt rumor bid of 21 from arab co.

[09:17] {Threei}  (US) REPORTEDLY US OFFICIALS ARE NOT LOOKING TO ASSESS SOLVENCY OR CLOSE ANY INSTITUTIONS BASED ON RESULTS OF BANK STRESS TESTS, ACCORDING TO SOURCE - UNCONFIRMED REPORT

[09:17] {Threei}  {XLF}

[09:17] {dino} then why bother

[09:18] {Threei}  they mean test results were good

[09:19] {Threei}  9:02am

[09:19] {Threei}  [TXT] Textron Inc Hearing cautious comments out of UBS

[09:19] {Threei}  - Calls Kuwait/UAE buyout reports "extremely unlikely"

[09:20] {Threei}  [08:13] {Alert} Threei [APWR] A-Power Energy Generation Systems Reports Q4 0.30 v $0.15e, R $81.4M v $75.9Me

[09:20] {Threei}  [08:13] {Alert} Threei - Guides FY09 Rev $290M v $259Me

[09:22] {dino} japan stimulus pushing solar

[09:23] {Threei}  let's be patient guys

[09:23] {Threei}  these huge gap days present a challenge

[09:23] {Threei}  three scenarios:

[09:23] {Threei}  first, crowd's thinking - profit-taking, selloff after the open

[09:24] {Threei}  not the one I'd go for until and unless there are serious signs of it

[09:25] {Threei}  second, least desirable but unfortunately quite frequent - stall, narrow range, niot much happening, breaks of the range are fakeouts as prices return into the range without giving enough profit

[09:25] {Threei}  third, my favorite, as it goes trotally against conventional thinking,

[09:26] {Threei}  consolidation, breakout and further creep up, counter-intuitive, crowd-killing

[09:26] {dino} the up gaps have been filling this week

[09:26] {ese} thats what i was going to say 

[09:26] {dino} then say it, :)

[09:26] {magoo} gaps dont always fill same day

[09:26] {ese} seemed like any gaps i looked at where gone shortly thereafter

[09:26] {magoo} mostly noit

[09:26] {magoo} not

[09:27] {Threei}  will have to wait a bit to catch the signs of most likely scenario

[09:27] {ese} you beat me too it

[09:27] {Threei}  out last 2K F .24

[09:27] {nemo} guess you can go home now

[09:28] {dino} i'm a seller higher buyer lower

[09:29] {cosmo} buy pull-backs as mkt climbs the 'wall of worry' ....maybe

[09:30] {ese} and were off

[09:32] {dino} watch 8016, 1316, 845 imo

[09:32] {nemo} we hit the first turn yet?

[09:32] {nemo} at the track that is...

[09:35] {magoo} .

[09:38] {dino} cb, trv neg.

[09:39] {ese} dino ..opinion....gap on the qqqq get filled today or some other time

[09:39] {Threei}  starting to scale back into F

[09:39] {nemo} "or some other time"   mmmmmhhh

[09:40] {ese} another day

[09:40] {Threei}  want to accumulate it a bit

[09:40] {Threei}  1K in .04

[09:40] {dino} some time 98%, today 50/50

[09:41] {Threei}  AMTD HEARING TAKEOVER CHATTER CIRCULATING

[09:41] {Threei}  - TD rumored as potential acquirer (note TD is currently a stakeholder)

[09:41] {ese} tks......maybe the banking news will keep it up

[09:41] {dino} let's go w/a beer bet, i say today

[09:42] {Threei}  WFC slowly becoming interesting for bounce

[09:43] {Threei}  F jumped not giving me chance for more

[09:43] {Threei}  whatever, out +.11

[09:45] {Threei} Long Setup:  RIMM  .85 if stays above .70

[09:46] {dino} mon. close to tues. gaps closed

[09:46] {nemo} invalu..

[09:46] {Threei}  WFC

[09:46] {Threei}  DEPOSIT FLOWS HAVE BEEN GOOD; NET INTEREST MARGIN BETTER THAN EXPECTED - CNBC

[09:47] {dino} trv l .50

[09:47] {Threei}  anyone took F?

[09:47] {pita} missed

[09:47] {Threei}  I underestimated this bounce

[09:48] {nemo} wfc vad

[09:51] {dino} trv stopped -.25

[09:55] {Threei} Long Setup:  GE  11.30 if stays above .20

[09:58] {ese} see anything on the Baltic dry Index yet Vad?

[09:58] {Threei}  nope

[09:59] {ese} considering toasting drys

[09:59] {fernp} out GE. I was long from 11.21

[10:00] {ese} nice scalp fern

[10:00] {fernp} ty ese

[10:00] {ese} text book that one

[10:01] {ese} I like those consolidaions myself

[10:01] {fernp} yeah, me too

[10:01] {Threei} Long Setup:  RIMM  .80 break if stays above .65

[10:04] {magoo} in out

[10:04] {magoo} .94

[10:05] {Threei}  market is climbing, but... do you see may stocks following?

[10:05] {cosmo} sndk

[10:08] {dino}  no

[10:09] {ese} out drys .82 + .30 on 4000shs

[10:09] {Threei}  wtg

[10:09] {ese} tks vad

[10:10] {Threei}  US PRESIDENT OBAMA: LOW RATES ASSISTING IN INCREASED REFINANCINGS; ADMINISTRATION IN PROCESS OF IMPLEMENTING FURTHER PHASES IN HOUSING PROGRAM

[10:11] {ese} q's headed down....perfectly formed rounded top

[10:11] {dino} qqqq s .90, stop .02

[10:11] {ese} according to the technical analysis boks i've read

[10:11] {ese} althought they are mostly wrong

[10:11] {vint} good morning all

[10:11] {ese} how that for contradiction

[10:12] {Threei}  vint :)

[10:13] {ese} vint

[10:13] {wulff} holding GE vad?

[10:13] {Threei} Short Setup: HIG  10 break if staying under 10.10

[10:13] {Threei}  GE took only half of my offer at 1:1

[10:14] {Threei}  still in second half

[10:14] {wulff} ok

[10:14] {Threei} Short Setup: WFC  .54 if stays under .65

[10:15] {Threei}  WFC HEARING FRIEDMAN BILLINGS MAKING CAUTIOUS COMMENTS

[10:15] {Threei}  thank you Friedman

[10:16] {Threei}  great timing

[10:17] {Threei}  grrr

[10:17] {Threei}  out

[10:17] {Threei}  shouldn't be too greedy still

[10:18] {dino} hrly drop

[10:18] {Threei}  AFFIRMS EXPLORATION OF STRATEGIC ALTERNATIVES

[10:20] {wulff} FAS hjolding .50 nicely

[10:21] {Threei}  GE over 1:1

[10:21] {wulff} weeee geeee

[10:24] {Threei}  GM EUROPE SALES CHIEF: DELIVERED 178K VEHICLES; ORDERS +42% Y/Y

[10:25] {fernp} wfc again Vad?

[10:26] {Threei}  chart looks right for short but kind of hard to nail entry

[10:26] {fernp} ok

[10:27] {Threei} Long Setup:  RIMM  .25 if stays above .10

[10:28] {ese} L ebay .91

[10:29] {Threei}  US HUD SECRETARY: EXPECT MORTGAGE RATES TO CONTINUE TO DROP - CNBC INTERVIEW

[10:29] {ese} out ebay .95 +.04 3000shs

[10:29] {Threei}  ese firmly in scalp type I camp now

[10:30] {magoo} es..u laser?

[10:30] {ese} vad strikes again.....it's the only way to play the market...thank you vad

[10:30] {ese} no ..questrade in toronto....lousy broker

[10:31] {magoo} so u made 120..whats commission on that rouind trip?

[10:31] {ese} 4.95 each way

[10:31] {dino} qqqq bstop to b/e

[10:32] {ese} what is it with laser?

[10:34] {Threei}  wulff, GE went to 1:2... you out?

[10:34] {wulff} yes .43

[10:34] {Threei}  :)

[10:34] {wulff} scalped

[10:35] {Threei}  IMF OFFICIAL: A VOTE ON SDR (SPECIAL DRAWING RIGHTS) ALLOCATION IS UNLIKELY TO OCCUR BY ITS SCHEDULED SPRING MEETING

[10:35] {dptl} bac?

[10:35] {dino} qqqqcov flat

[10:35] {dptl} ah broke

[10:35] {ese} mags you there

[10:35] {Threei}  grrr

[10:36] {Threei}  just thought of another RIMM entry, 62.80

[10:39] {magoo} if 63 holds..rimm setting p for a rip

[10:39] {magoo} WFC vad..read here?

[10:39] {magoo} oi like long

[10:39] {nemo} break .20?

[10:40] {Threei}  no read on WFC

[10:40] {wulff} RImm break too risky or?

[10:40] {Threei}  so far breaks didn't work on it

[10:41] {Threei}  didn't even trigger

[10:41] {Threei}  .25 is still a break trigger by the chart

[10:41] {Threei}  but I'd think pullback is more likely again

[10:41] {magoo} if holds 63..if mkt spikes up..then i like .20 trigger

[10:44] {ese} mags...what are the commisions with laser

[10:44] {wulff} there's your wfc vad

[10:44] {Threei}  now WFC is losing it

[10:44] {magoo} 5 per 1k in

[10:45] {magoo} plus trans fees

[10:45] {dino} onlines ed crushed again

[10:45] {magoo} only if you hit bid/offer

[10:45] {dino} apol wants 60 strike, esi at 100

[10:46] {dino} apol break of .75 s

[10:49] {dino} cb sm l .00, stop lod

[10:49] {dptl} we closed tomorrow right?

[10:49] {Threei}  yes

[10:50] {dptl} ty

[10:50] {dino} itg sm l .35

[10:50] {dino} stop .10

[10:50] {dino} dieeeeeeeeeee apol

06[10:50] * magoo slaps dptl around a bit with a large trout

[10:50] {dptl} oops :)

[10:51] {dino} bstop apol .03

[10:55] {dino} cov apol .35, +.40

[10:55] {dino} cb, trv waking up

[10:56] {dino} tooooo soooooooooon

[10:56] {Threei} Long Setup:  NFLX  .55 break if stays above .40

[10:58] {wulff} what;s the reasoning there? continuation?

[10:58] {Threei}  standard JBE setup, reinforced by big offer at ,55

[10:59] {dino} anything can (and lately will) happen

[11:02] {magoo} way fast

[11:02] {nemo} blew buy me

[11:03] {magoo} yeah..i was gonna hit .54

[11:03] {dptl} l .58

[11:03] {wulff} now I see

[11:04] {Threei}  for very scalpy types stop can be .45

[11:04] {Threei}  but we are at 1:1 even with original one

[11:05] {dino} chtt sm l .50

[11:05] {wulff} it looked to me like falling to .30 was just as easy ...or?

[11:05] {dptl} can't get fill at .70

[11:05] {Threei}  before triggering or after?

[11:05] {wulff} OK right

[11:06] {wulff} the key I have missed in my trading is triggers

[11:06] {dino} better than missing stops wuff

[11:06] {dptl} can't beleive this...didn't get my .70

[11:07] {dptl} you still in Vad?

[11:07] {Threei}  .68 - .69 was not good enough for you?

[11:07] {Threei}  half out .68

[11:07] {nemo} relativel thin sto dp

[11:07] {Threei}  stop under .50

[11:07] {nemo} sto=stock

[11:07] {dptl} yeah i guess...too greedy

[11:07] {Threei}  wulff... I have this impression you skipped on reading a bit... :)

[11:08] {tomg} ty nflx vad

[11:08] {Threei}  tom :)

[11:08] {magoo} i briefed him with necessary info vad

[11:08] {Threei}  trigger is one of the key elements of setup structure

[11:08] {Threei}  it's built on certain priinciples

[11:08] {Threei}  dfined by certain criteria

[11:09] {wulff} no I understand that.....I use it....but to comprehend it...

[11:09] {Threei}  there is reason why, while a stock let's say at .50, I name a trigger .55

[11:09] {Threei}  because from pure price p;oint of view it would seem logical to take it at cheaper price

[11:09] {Threei}  which would be very wrong

[11:09] {Threei}  somehow though this is the question I get quite often...

[11:10] {Threei}  why would you wait for highr price to enter if you can get in cheaper?

[11:10] {nemo} because the stock hasn't proved it's intention

[11:10] {nemo} as much as it can be proved...that is

[11:11] {Threei}  yes... and because trigger tends to do something for a stock

[11:11] {dptl} stopped

[11:11] {Threei}  like taking out that big offer injected enthusiasm

[11:11] {nemo} that big order at .55 was a roof

[11:11] {nemo} ufortunately, blew right passed my order @.56

[11:12] {nemo} slow fingers

[11:12] {pita} blew by mine at .57, how do you catch those?

[11:13] {nemo} hit an offer I guess

[11:13] {Threei}  hit buy as last shares at .55 were scrolling

[11:13] {nemo} did you market buy or specific offer?

[11:14] {Threei}  market on NFLX??

[11:14] {nemo} yes

[11:14] {Threei}  recipe for getting killed

[11:14] {nemo} that's what i thought, so I asked

[11:14] {nemo} thinking again

[11:15] {pita} how did you spot NFLX to begin with?

[11:15] {Threei}  scanner

[11:15] {Threei}  ok, this is funny:

[11:15] {Threei}  MACE

[11:15] {Threei}  SELLING TEXAS CAR WASH FOR $3.2M

[11:15] {magoo} thats a blast from past

[11:15] {Threei}  as long as I remember, this one had car washes and participated in national security,

[11:16] {Threei}  and made money by selling this or that car wash here and there

[11:16] {nemo} shoulda' had bigger stops in WFC, another one just heading down

[11:17] {nemo} Guess that means it will turn right here

[11:17] {dino} memories

[11:17] {dino} cb stop to .18

[11:17] {wulff} dumb question...but all or most of your trades come from triggers i guess

[11:18] {Threei}  sorry, not sure I understand

[11:18] {Threei}  trades don't come from triggers

[11:18] {Threei}  trades come from setups

[11:18] {wulff} I have some times said "buy here..."

[11:18] {Threei}  trigger is part of setup

[11:18] {wulff} instead of defing the trade.

[11:19] {wulff} parameters

[11:20] {wulff} if i chase a breakout, quick buy it....uppp tooo late

[11:21] {Threei}  ok, I have to ask

[11:21] {Threei}  TTR? MPP?

[11:21] {dino} in bears i wait, bulls i chase, careful wuff, not sure out of bear yet

[11:21] {wulff} yes yes

[11:22] {Threei}  okay... don't let it stay theory then

[11:22] {Threei}  apply

[11:22] {wulff} but I am saying to understand and to implement are different

[11:22] {Threei}  maybe re-read as a refreshment,

[11:22] {Threei}  it makes a world of difference when you read something, then paarticipate in action,

[11:22] {Threei}  then go back and reread with new experience under the belt

[11:23] {Threei}  often start seeing things that escalped on a first read

[11:23] {wulff} yes. rereading Douglas book, all new

[11:23] {Threei}  which of them?

[11:23] {wulff} second

[11:24] {Threei}  yup... I like it more than first

[11:24] {wulff} great read

[11:24] {nemo} Title please?

[11:24] {Threei}  trading in the zone

[11:25] {Threei}  http://www.realitytrader.com/books.html

[11:25] {nemo} ty

[11:25] {dptl} nflx..i turned winner into the looser...

06[11:25] * dptl slaps dptl around a bit with a large trout

[11:27] {Threei}  I did the same with WFC short earlier do... if it's any consolation :)

[11:27] {nemo} me too

[11:29] {dino} "zone" book, best thing i learned, anything can happen

[11:31] {dino} itg tear down that wall .50

[11:32] {dino} can't do it

[11:34] {ese} see u all in about an hour.....don't do anything rash while i'm gone

[11:34] {Threei}  quick everyone

[11:34] {Threei}  let's buy something while ese is away

[11:34] {dino} ok es

[11:35] {ese} too funny....awe schucks you guys

[11:36] {Threei}  TXT

[11:36] {Threei}  EXCHANGE HAS CONTACTED THE COMPANY GIVEN RECENT STOCK PRICE BEHAVIOR

[11:36] {Threei}  recipe for halt and investigation

[11:37] {dino} psys spike and back

[11:38] {dino} stay away

[11:38] {magoo} do not mention that word

[11:41] {pita} know when to fold 'em - later all, see you Monday

[11:41] {Threei}  FAZ is trying to break out of the range

[11:41] {Threei}  take care pita

[11:42] {nemo} F short below .15?

[11:42] {dino} have fun pita

[11:43] {Threei}  with stop above .20... why not

[11:44] {dptl} not available

[11:44] {nemo} not available bummer

[11:44] {Threei}  if went for FAZ break, look to get out or partial above .30

[11:45] {dino} itg stop to .39

[11:47] {nemo} RIMM break of .60?

[11:47] {nemo} 63 I meant

[11:48] {Threei}  nah

[11:49] {Threei}  NYSE CEO EXPECTS SEC TO FINALIZE SHORT SALE RULES IN 3 OR 4 MONTHS

[11:49] {dino} the speed at which these guys work, lol

[11:49] {Threei}  yeah, lol

[11:53] {dino} itg stopped +.05

[12:02] {Threei}  GM

[12:02] {Threei}  BONDHOLDERS MAY GET 10-20% IN GM STOCK - CNBC

[12:02] {Threei}  {F}

[12:03] {Threei}  and then wipe common in bankruptcy?

[12:03] {Threei}  I like the plan

[12:05] {Threei}  can't get into rythm today

[12:05] {Threei}  looked at WFC .65 break after it established itself above .50, couldn't get a feel for it

[12:06] {dino} wmt hl l .30

[12:07] {dino} stop is .98

[12:09] {vinod} look at SRS

[12:10] {Threei}  what am I looking for?

[12:11] {vinod} losed to 52/wk low again

[12:12] {Threei}  looks bouncy with .50 break

[12:12] {Threei}  just a scalp most likely

[12:12] {Threei}  if stays above .30

[12:13] {Threei}  invalidated

[12:13] {nemo} is SRE the long vinod?

[12:13] {Threei}  WFC

[12:13] {Threei}  maybe setting up for short again

[12:14] {vinod} no, but watching . i made good with it few time

[12:15] {Threei}  .90 break if stays below 18

[12:15] {dptl} in

[12:16] {vinod} in

[12:18] {Threei}  darn thing is going to shake us out again?

[12:20] {magoo} i like it long{sigh..hatye goin against ya}

[12:20] {Threei}  feel free

[12:21] {Threei}  like I said, can't get into rythm today

[12:21] {magoo} i took .85 when it was eaten up

[12:21] {vinod} stop out

[12:21] {magoo} was big resisistance

[12:21] {Threei}  not yet vinod

[12:21] {Threei}  18 still holding

[12:22] {vinod} still holding yes

[12:23] {magoo} out .97

[12:23] {magoo} ill reload

[12:23] {magoo} or short

[12:23] {magoo} or watch

[12:23] {Threei}  or drink

[12:23] {magoo} ah:)

[12:25] {dino} lorl

[12:26] {nemo} mmmmhhhh...is WFC turning into a JBE?

[12:26] {Threei}  yes

[12:27] {nemo} so cover @18 break and go long?

[12:27] {Threei}  cover yes

[12:27] {Threei}  long, I wouldn't

[12:27] {vinod} i have it 18.05 to cover still holding

[12:28] {nemo} I've got the spike @ 18.06

[12:28] {Threei}  this volume dry-up during consolidation doesn't instill confidence in long on break

[12:29] {nemo} like flossing with barbed wire this one

[12:30] {magoo} like using razor blades to swab ears

[12:30] {dino} pins and needles, needles and pins

[12:30] {dino} the happy man is the man that grins, honeymooners

[12:30] {nemo} 60 grit for tp

[12:31] {nemo} lubricant please, this is hurting

[12:31] {dino} gmcr

[12:32] {vinod} nemo some how i still have it you said spike @18.06

[12:32] {dptl} i am still in

[12:32] {dino} wow, judas priest on

[12:32] {nemo} @12:10 vinod

[12:33] {nemo} This is like a WWI trench battle....sheesh

[12:33] {nemo} stopped

[12:33] {dptl} ok stopped now

[12:33] {vinod} o.k i put order around that time to cover it

[12:33] {magoo} like using sandpaper as toilet paper

[12:34] {vinod} now i got stoped

[12:34] {nemo} here comes the volume, jusst had to break the logjam

[12:35] {vinod} fidelity is a quite different need to change broker

[12:37] {vinod} have a nice long weekend to all see you monday

[12:38] {Threei}  have a good one vinod

[12:38] {dino} isrg

[12:38] {dino} cya vin

[12:40] {dino} algt

[12:43] {magoo} sheesh..and that used to be magoo

[12:44] {Threei}  that?

[12:44] {magoo} the jfj kickout

[12:47] {Threei}  WFC, I couldn't be wrong more consistently on one stock throughout the day eh?

[12:47] {Threei}  but this guy is so correct, it's nauseating:

[12:47] {Threei}  WHITE HOUSE ECON ADVISOR SUMMERS: US ECONOMY IS STILL FACING "SUBSTANTIAL DOWNDRAFTS"

[12:48] {nemo} yeah but...

[12:48] {nemo} Feds Stern Says U.S. Recovery Should Not Be Too Far Off 

[12:57] {Threei}  sheesh... look at NFLX

[12:59] {Threei}  I really want to short WFC here but I have already been wrong on it 2 and half times

[13:00] {nemo} look at FAZ  bottoming?  FAS topping?

[13:00] {nemo} even Vinod's SRS looks like it's bottoming

[13:01] {Threei}  most liekly, yes

[13:01] {Threei}  .75 break on FAZ is a trigger

[13:01] {ese} just like a bad dream.......I have returned

[13:01] {Threei}  unlike bad dream, we are glad to see you

[13:02] {Threei}  well... at least we pretend well

[13:02] {Threei}  'cause as soon as I said it, I got three dcc screaming "what are you doing , now he will never leave"

[13:02] {ese} tks.....

[13:03] {Threei}  wait... all three were from magoo

[13:03] {Threei}  so consider it one dcc

[13:03] {Threei}  FAZ modified... entry off .60 with stop right under

[13:03] {Threei}  .66 will be trigger

[13:04] {ese} too funny

[13:04] {nemo} although got strengthe in ndx and spx

[13:04] {Threei}  lower odds of working, tighter stop

[13:05] {Threei}  FED'S HOENIG: FEW BANKS WILL NEED MORE INTERVENTION, BELIEVES NO BANK IS TOO BIG TO FAIL

[13:05] {Threei}  - Believes it is possible to unwind very large financial institutions.

[13:05] {Threei}  - Rejects the idea that large unstable banks need to be nationalized.

[13:05] {Threei}  why didn't we hear from him all this time

[13:05] {Threei}  invalidated

[13:06] {nemo} WFC building triangle again?

[13:06] {nemo} volume dropping off

[13:07] {Threei}  I don't know what to say about WFC

[13:07] {nemo} yeah, it's been lying to you

[13:08] {Threei}  BAC 8.50 break in retrospect...

[13:08] {Threei}  sigh

[13:09] {dptl} long from.08 wfc..half out .25 holding rest all the way to 19

06[13:09] * Threei slaps dptl around a bit with a large roll of cash

[13:09] {_jfjf64} hello all

[13:09] {dptl} yeah..more like trying to get back into green :)

[13:09] {ese} L DELL .95

[13:10] {Threei}  hi jfjf, welcome

[13:10] {Threei}  look at BAC go

[13:13] {dptl} out some more .65

[13:14] {dptl} stop under .40

[13:15] {ese} grrrrrrrrrrrr

06[13:16] * magoo slaps laserdave around a bit with a large trout

[13:18] {ese} man the guy just can't win.......

[13:18] {Threei}  believe it or not... but WFC is setting up short again, lol

[13:18] {Threei}  if stays under .70

[13:19] {Threei}  I'll try .60 breakdown

[13:19] {Threei}  and if I am wrong this time on it, I promise to never play it again

[13:20] {nemo} I'll watch

[13:20] {Threei}  till Monday at least

[13:20] {dptl} stop to under .50 

[13:21] {nemo} oh yeah, dp still long

[13:21] {dptl} yep

[13:21] {Threei}  sigh

[13:21] {dino} wmt stop to b/e stuck

[13:21] {dptl} offering 19.09

[13:22] {nemo} mean dp

[13:22] {nemo} RIMM blasted off

[13:24] {Threei}  DJI is up 200 points, but intraday part of it is just 60

[13:24] {nemo} volume on nas below average and S&P average up on Dow

[13:25] {Threei}  this makes sense

[13:25] {Threei}  since finanacials in in the center of attnetion today, and NASDAQ is light on those

[13:25] {dino} qsii

[13:27] {dptl} all out .46 wfc

[13:27] {Threei}  good job

[13:27] {dptl} ty

[13:30] {_jfjf64} nice read wfc

[13:31] {larisa} have a nice long weekend all :)

[13:31] {Threei}  take care larisa, have a good one

[13:33] {Threei}  frikin thing

[13:33] {Threei}  finally

[13:33] {Threei}  out .35

[13:33] {nemo} what what what

[13:33] {nemo} you shorted wfc?

[13:33] {Threei}  held 1 cent under the stop level

[13:34] {nemo} where'd you enter?

[13:34] {Threei}  I was already preparing all the swearing I know

[13:34] {Threei}  .59

[13:34] {nemo} cool

[13:34] {Threei}  [13:19] {Threei} I'll try .60 breakdown

[13:35] {nemo} memory of a moth

[13:35] {Threei}  welcome to the club

[13:35] {nemo} bacterium

[13:35] {Threei}  in case you didn't know but for some strange reason wanted to,

[13:35] {nemo} RIMM vad

[13:35] {nemo} missed

[13:35] {Threei}  fish has short term memory span 18 seconds

[13:36] {Threei}  what on RIMM?

[13:36] {nemo} short @ .40

[13:36] {Threei}  I see no decent setups

[13:36] {Threei}  naaah

[13:36] {Threei}  that's a recipe for shakeout on RIMM

[13:37] {Threei}  if you want more or less decently looking short on it, let it bounce,

[13:37] {Threei}  see if you can get it around .50

[13:37] {Threei}  and keep atop just above day high

[13:37] {Threei}  stop

[13:38] {Threei}  if it just breaks like this and continues lower, let it go

[13:38] {Threei}  this kind of "on the go" breaks will produce too high percentage of shakeouts

[13:42] {nemo} wfc if it breaks .30?

[13:42] {Threei}  let's see where it tops out on this bounce

[13:42] {Threei}  if stop is reasonable, yes

[13:42] {dino} wmt to .52

[13:44] {dino} to .60

[13:44] {ese} am outta here have a great long weekend all....

[13:44] {Threei}  take care ese, have a good one

[13:44] {dino} cya es

[13:45] {dino} make it .64

[13:46] {dino} to .68

[13:47] {dino} out wmt .69, +.39

[13:47] {nemo} bone for the dinosaur

[13:47] {Threei}  BAC...

[13:47] {nemo} break .00

[13:48] {Threei}  9 break if holding above .90 or so...

[13:48] {dptl} in

[13:48] {dino} lol nemo

[13:49] {nemo} you're having a pretty good day dino, you desrve it

[13:49] {magoo} in cab

[13:49] {magoo} bac

[13:50] {dino} just lucky bro

[13:50] {Threei}  watching RIMM for double top

[13:50] {nemo} yeah, you're lucky almost every day

[13:51] {Threei}  .50 break short if stays under .60

[13:52] {Threei}  BAC stalled for too long for my taste

[13:52] {nemo} out

[13:53] {Threei}  not out yet but moved stop to .98

[13:53] {Threei}  very stingy as dino says

[13:53] {nemo} oops

[13:53] {dino} :)

[13:54] {dino} sm l apol .00

[13:55] {magoo} in apol w/ding dong

[13:56] {nemo} what's a ding dong?

[13:56] {dino} nvec going for yesterdays gap?

[13:56] {nemo} Dino, I get it

[13:58] {magoo} out 9 bac

[13:58] {magoo} no ,like

[13:59] {_jfjf64} rimm?

[13:59] {Threei}  valid setup, IMO

[13:59] {Threei}  .50 break short, stop above .60

[14:00] {dino} qsii animal

[14:01] {dptl} in rimm

[14:02] {nemo} missed @.49

[14:03] {dptl} stopped bac

[14:04] {dptl} just can't stay up today

[14:04] {Threei}  ummm

[14:04] {nemo} bac?

[14:04] {dptl} me

[14:04] {dino} they have pills for that

[14:05] {dptl} lol

[14:05] {magoo} dino would know

[14:05] {nemo} lol

[14:05] {nemo} mags nice

[14:05] {Threei}  dino... I applied all thinkable efforts to let it go... but no, you just had to say it :)

[14:06] {dino} don't know why but had to do it

[14:06] {nemo} someone sticks their chin out like that gotta' give them the cross

[14:07] {Threei}  FED'S HOENIG: SEE ROOM TO REVISIT MARK TO MARKET ACCOUNTING ISSUES

[14:07] {nemo} stopped rimm

[14:08] {Threei}  that sharp 10 cents drop was all it could do

[14:08] {nemo} glad I stopped

[14:08] {dptl} stopped rimm

[14:08] {Threei}  some days you just have to go to sleep early

[14:08] {Threei}  look at BAC

[14:09] {dino} +300

[14:09] {dino} dji

[14:11] {nemo} rimm probably going to 64 close the gap

[14:14] {dino} apol stopped -.23

[14:17] {dino} nvec gap filled

[14:18] {dino} axys sm s ave .50

[14:18] {dino} nvec blood

[14:29] {dino} axys bstop is .86

[14:30] {Threei}  GM

[14:30] {Threei}  PREPARING NEW OFFER FOR BONDHOLDERS - WSJ CITES SOURCES

[14:30] {Threei}  offer of condolences?

[14:30] {Threei}  FED'S HOENIG: FED HAS TO ASK WHETHER IT IS FACING A "FALSE DAWN" - Q&A

[14:30] {Threei}  false dawn... that's new

[14:31] {nemo} poetic

[14:36] {dino} cb l .20

[14:36] {Threei}  USO

[14:36] {Threei}  spike into .80, now retreat to .60 area

[14:36] {Threei}  should be a scalp on a long side soon

[14:39] {dptl} .60?

[14:40] {magoo} .59

[14:40] {nemo} in or out mags?

[14:41] {Threei}  I kind of hoped to get it closer to .40... but with my tioday's timing...

[14:41] {magoo} in

[14:41] {dptl} in.61

[14:42] {dino} axys stopped

06[14:47] * Threei kicks USO in the rear

[14:47] {magoo} out .69 boss..lucky

[14:48] {Threei}  US GOVT ANNOUNCES PLANS TO REPORTEDLY PURCHASE IN EXCESS OF 17,500 FUEL EFFICIENT VEHICLES FROM GM, CHRYSLER, AND FORD BY JUNE 1

[14:49] {Threei}  sure thing

[14:49] {dino} they we plan to hire people to drive them

[14:49] {nemo} WFC just launched out of a JBE on the 5 minute chart

[14:49] {Threei}  while you are at it, why don't you purchase anything produced by any troubled company

[14:49] {dino} cb stop to .39

[14:50] {dino} well, nobody else buys those

[14:50] {Threei}  and just become major customer

[14:50] {Threei}  buy houses

[14:50] {Threei}  book airtickets

[14:50] {Threei}  book hotels

[14:50] {nemo} well they have...they gave the banks money so they don't have to sell the foreclosed homes

[14:51] {Threei}  oh, and btw, we are loading up on stocks here, will you purchase them from us at double prices?

[14:52] {dino} out cb .39, +.19

[14:52] {Threei}  NQ is locked in 10 points range from 10am

[14:52] {dino} itg l .65

[14:53] {Threei}  finally USO

[14:53] {Threei}  dp

[14:53] {Threei}  if you lose on this trade I am not speaking with you till Monday

[14:53] {magoo} vad thoughts last hour?

[14:53] {Threei}  and first 20 minutes of Monday

[14:54] {Threei}  mags... I am afraid you don't want to know my thoughts today

[14:54] {magoo} everyday

[14:54] {Threei}  I am not doing well in such tight ranges

[14:54] {Threei}  there is just no room for anything

06[14:55] * Threei slaps dptl around a bit with a large trout

[14:59] {dino} same here 3i, average down

[14:59] {Threei}  can you believe FAZ?

[14:59] {dptl} oh ..am out +.10 uso ty

[14:59] {nemo} cross on Tuesday

[14:59] {Threei}  lol

[14:59] {Threei}  good morning dp

[15:00] {Threei}  why Tuesday?

[15:00] {nemo} why not?

[15:00] {Threei}  well, we have Monday

[15:00] {Threei}  and Wed

[15:00] {nemo} pullback on financials Monday

[15:00] {Threei}  how did you pick Tuesday?

[15:00] {nemo} day after Monday

[15:00] {Threei}  ok... makes sense

[15:00] {dino} out itg +.11

[15:01] {nemo} that means it'll be Wednesday

[15:02] {Threei}  I would think, FAZ has a room to about 13

[15:02] {Threei}  finding entry on it is not a small feat

[15:06] {fernp} I go out for dinner with the family. Have a great and nice weekend all

[15:06] {fernp} see you on monday

[15:06] {Threei}  have a great one fern

[15:06] {nemo} P&Q

[15:07] {dino} later fernp

[15:07] {Threei}  cnaging my mind

[15:07] {Threei}  FAZ goes further down, WFC breaks 19 and goes up

[15:07] {Threei}  just don't trade on any of that

[15:07] {nemo} that's what I was thinking...oh oh

[15:08] {nemo} I was thinking that too

[15:08] {dptl} why not?

[15:08] {Threei}  or do

[15:08] {Threei}  here comes FAZ breakdown

[15:08] {nemo} BAC

[15:09] {Threei}  FITCH: INCLUSION OF LIFE INSURERS IN TARP PROGRAM IS A POSITIVE FOR FINANCIAL STRENGTH

[15:09] {Threei}  {MET PRU GNW}

[15:10] {Threei}  if you shorted FAZ, 1:1 is here

[15:10] {dptl} l wfc

[15:12] {nemo} oops, guess break of 19 was too obvious

[15:12] {Threei}  so were all its previous breaks

[15:12] {dptl} stopped............i well that would be it...can't loose anymore

[15:13] {nemo} yeah I'm limit down today

[15:13] {Threei}  you skip all winning trades or what?

[15:13] {Threei}  it's not like they all stops

[15:13] {dptl} me?

[15:14] {Threei}  no

[15:14] {nemo} no me...I picked the wrong ones and entered that WFC short late and got caught

[15:18] {Threei}  jeez F'AZ

[15:20] {vint} vad- when mkt gaps up or down significantly..looks like fewer set ups for daytrades

[15:20] {dino} indeed vin

[15:20] {Threei}  most often that's the case

[15:21] {dino} gap up opens and stays are my toughest days

[15:22] {vint} hopfully swing traders are happy on such days at least

[15:24] {Threei}  look at the ranges

[15:24] {Threei}  NQ 10 points whole day

[15:24] {dino} cb l .20

[15:24] {Threei}  DJI about 40

[15:25] {vint} right..it is very narrow one

[15:26] {dino} out .35, +.15

[15:30] {dino} chtt l .27

[15:35] {magoo} rsy'pkstrkkk'

[15:35] {magoo} BAC

[15:35] {magoo} BAC

[15:35] {magoo} huge 

[15:35] {magoo} WFC

[15:35] {magoo} WFC

[15:35] {Threei}  massive squeze on whole sector

[15:36] {nemo} shorts getting out on Friday

[15:36] {magoo} BAC 10 coming

[15:36] {magoo} !)

[15:36] {magoo} 10

[15:36] {magoo} j,AD,bznk,

[15:37] {Threei}  drinking alerady mags?

[15:37] {nemo} Interesting....WFC preannounced...why...other banks gonna' have bad quarters?

[15:37] {magoo} iu got so soooomany onnnnnnnnnnnnnnlkhsfHLK

[15:38] {nemo} RIMM bolted too

[15:39] {dino} chaos

[15:39] {magoo} C

[15:39] {magoo} C

[15:39] {vint} FAZ will be penny stock or what? 35% dn,FAS 35% up

[15:40] {magoo} huge imbalances tp BUY WFC BACy

[15:40] {magoo} BAC

[15:41] {dino} ge l .50

[15:43] {Threei}  in FAZ .54 for a scalp

[15:44] {Threei}  half out .61

[15:44] {nemo} dodging bullets

[15:44] {Threei}  out balance... wash

[15:45] {Threei}  lol... real chaos

[15:47] {Threei}  in .37

[15:47] {Threei}  out .54

[15:47] {Threei}  this is not even funny... can't type fast enough

[15:47] {dino} cb .99 l

[15:50] {dino} out cb .23, +.23

[15:50] {Threei}  FAZ, nemo... still thinking Tuesday?? :)

[15:50] {magoo} me either type 

[15:50] {nemo} yeah

[15:52] {dino} out chtt .33, +.06

[15:52] {Threei}  heck, at sch rate if had 1 more hoyur today, we wouldn't even have to wait till Monday for them to meet

[15:52] {magoo} ahhhhhhhhhhhhhhhhhhhhh

[15:52] {magoo} GSSSSSSSSSSSSSSSS

[15:52] {Threei}  look at this bloody murder

[15:54] {Threei}  a few FAZ scalps on bounces took to green

[15:54] {Threei}  but jeez

[15:54] {dino} itg .20 l

[15:55] {magoo} i in out GS BAC WFC like a million times'

[15:55] {dino} out .22, +.02

[15:55] {dino} bad entry

[15:56] {nemo} gnite guys

[15:58] {Threei}  can you believe this?

[15:58] {Threei}  undr 10.50

[15:59] {Threei}  less than 1 dollar between FAS and FAZ now

[15:59] {Threei}  oops sorry

[15:59] {Threei}  looked at BAC instead of FAS

[16:00] {Threei}  less than 2

[16:00] {dptl} have a good weekend all

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a great relaxing long weekend

[16:00] {Threei}  see you all on Monday

[16:00] {magoo} SORRTY everyone

[16:01] {magoo} i recognized that

[16:01] {magoo} and tyried to alert u

[16:01] {vint} thanks Vad, good week end all

[16:01] {magoo} but hey...i did like 60k shares in hour

[16:01] {dino} busy last hour

[16:01] {dino} happy holidays all

Apr 08 2009

One of those "can do no wrong" days. 8 calls, 8 wins. Started out with two shorts on HIG and RIMM, switched to longs later on, then to shorting again; added plays on AA and USO. 

Session Time: Wed Apr 08 00:00:00 2009

[08:12] {Threei}  WFC... if can take that 15 offer, interesting

[08:13] {Threei}  TM

[08:13] {Threei}  US CHIEF: GUT FEELING THAT BY END OF 2009 WILL GET ABOVE 10M UNITS - CNBC

[08:13] {Threei}  SEES SECOND HALF OF 2009 BETTER THAN FIRST HALF

[08:14] {nemo} Is this like the "recovery will start in the 3rd quarter" from last year?

[08:14] {Threei}  well... who knows how good his gut is

[08:14] {larisa} good morning :)

[08:15] {Threei}  larisa :)

[08:15] {larisa} threei :)

[08:18] {Threei}  if feel like little premarket gambling, 15 break worth a try

[08:23] {cosmo} another day; another dollar... i think

[08:27] {Threei}  F is trying

[08:28] {Threei}  half out WFC .15

[08:32] {Threei}  wow HUG

[08:32] {Threei}  HIG

[08:32] {Threei}  (US) Treasury plans to extend TARP to life insurance companies - WSJ

[08:32] {Threei}  - Announcement is expected within the next several days.

[08:33] {nemo} wtf?

[08:33] {Threei}  I'll rephrase, cosmo... another day, another TARP

[08:36] {magoo} morning

[08:36] {Threei}  magoo

[08:37] {nemo} mags

[08:45] {cosmo} another tarp; another trap ...imo

[08:58] {Threei}  RBC ANALYST: ARGENTINE GOVT MAY SEEK TO RESOLVE ITS DEFAULT DEBT

[08:59] {fernp} Hello everybody

[08:59] {Threei}  fern :)

[09:03] {dptl} good morning

[09:03] {Threei}  dp :)

[09:04] {Threei}  HIG trading above 10 is fairly signifcant break

[09:04] {Threei}  I wish it weren't for a news-caused gap though

[09:05] {Threei}  BALTIC DRY BULK INDEX -0.2%, 21ST STRAIGHT DECLINE

[09:05] {Threei}  21st? I guess it means everyone stopped counting like 11 declines ago

[09:05] {Threei}  DRYS certainly did

[09:06] {vint} good morning all

[09:06] {Threei}  vint :)

[09:10] {dino} gm all

[09:10] {Threei}  dino :)

[09:11] {ese} morning

[09:11] {Threei}  ese :)

[09:12] {Threei}  STT doesn't participate in the party

[09:14] {ese} so whats the good news.....tick up +854 trin at -.51

[09:14] {Threei}  nothing really outstanding

[09:14] {Threei}  TARP for insurance companies is what propped HIG up

[09:15] {magoo} met pru also

[09:15] {ese} ahhhh 

[09:15] {Threei}  AA moving up on crappy report is interesting though

[09:15] {Threei}  this is not the kind of behavior you expect in anything but bull market

[09:16] {Threei}  (US) US TREASURY FORMALLY LAUNCHES $5B AUTO PARTS SUPPLIER SUPPORT PROGRAM, TO BE ADMINISTERED BY GM AND CHRYSLER

[09:16] {Threei}  - Calls on interested companies to contact GM and Chrysler.{GM F BWA AXL VC ALV LEA ARM JCI MGA}

[09:17] {nemo} yeah, market feels down  Good Friday coming no volume yesterday

[09:18] {cosmo} some gave up the markets for lent ...maybe

[09:18] {Threei}  stocks of interest WFC, HIG

[09:19] {vinod} good morning

[09:19] {Threei}  vinod :)

[09:19] {ese} vino

[09:20] {nemo} vinod:)  go to sox game yesterday?

[09:20] {Threei}  open breaks didn't work much last few days

[09:20] {vinod} no,had other plan

[09:20] {Threei}  so let's wait for failure and pullback

[09:21] {ese} Ok lookin for help......yesterday was a down market I should have gone short on a few but didn't,,,,,,,can't seem to get a mind set to do it...go short.  I like to play dinos capitulations but still can't seem to short......any suggestions

[09:21] {Threei}  yes

[09:22] {pita} morning everyone

[09:22] {Threei}  just not a quick topic, let's try and do it during lunch quiet

[09:22] {Threei}  pita :)

[09:22] {Threei}  actually... wait a sec

[09:23] {Threei}  I have a draft write-up for a future blog post on this

[09:23] {Threei}  let me post it, sorry for roguh edges

[09:23] {ese} Ok........will ask you on another day ....have a concert today at 12:00 with my High school rhythm and blues band

[09:23] {Threei}  psychological obstacles for shorting

[09:23] {nemo} ese dcc

[09:23] {Threei}  It's a kind of transitional pain as thinking shifts from investor to trader type. We are conditioned by media, by market observers and commentators into assigning the "grades" to the price moves. Up is good, down is bad. It's normal thinking for a passive investor who doesn't manage his money. Pension plans, mutual funds, growth funds, etc etc - all this stuff is long oriented

[09:24] {Threei}  "Market in a long run goes up" refrain is long biased... "Invest your money so it grows" - long bias. Any "hot tip" is always good news coming - FDA approval, good earnings, takeover.

[09:24] {Threei}  Short selling is being called a "sophisticated tactic" in popular articles (even though all the sophistication in fact comes to a simple change of the order of execution - going long you buy, then sell and profit from higher price while going short you sell, then buy and profit from lower price - how "sophisticated" is that, really).

[09:24] {Threei}  On top of that, there is an emotional quality assigned to short selling - it's being often questioned or labeled as something evilish, blamed with price drops, sometimes called unpatriotic and all this bs.

[09:24] {vinod}  psychological -yes, i never shorted and like to learn it

[09:24] {Threei}  Try to envision the price movement as left-right instead of up-down - it takes out this element of good/bad and helps break down stereotypes. In a while even this simple trick won't be needed, you won't feel any real difference between going long or short.

[09:25] {Threei}  Think of market cycles as natural breathing.

[09:25] {ese} like that thought

[09:25] {Threei}  Think of up and down cycles as notrmal developments,

[09:25] {Threei}  avoiding thinking in good or bad terms.

[09:26] {Threei}  Bear markets have their reasons and purposes.

[09:26] {Threei}  Those are just as useful and needed as bull's ones.

[09:26] {Threei}  As your mindset accepts downward moves with no emotional bias, shorting becomes natural part of your trading.

[09:27] {ese} I think it's the stigma of more risk that seems to get me...

[09:27] {Threei}  well... could be true for long term holdings

[09:27] {Threei}  in terms of intraday trading with normal stops, not really

[09:28] {ese} yes...am gonna have to go at this with small 100 shs lots till i'm used to it

[09:28] {Threei}  sure... as with any other new addition to your trading style,

[09:28] {Threei}  follow MPP procedure

[09:29] {Threei}  it's designed just for this

[09:29] {ese} tks will do

[09:29] {patience} good morning RT  :)

[09:29] {Threei}  patience :)

[09:30] {ese} morning patience

[09:31] {patience} hi ese  :)

[09:33] {Threei}  HIG not pulling back much

[09:33] {wulff} 65 was it

[09:35] {magoo} ms crushed

[09:35] {Threei}  will break 11 now

[09:35] {dino} es, media brainwashes shorts are "evil", do what i do, don't trust what you hear, then it is easy

[09:36] {nemo} gs

[09:36] {ese} l sbux

[09:36] {ese} .41

[09:37] {wulff} WFC

[09:39] {Threei} Long Setup:  AA  8.17

[09:39] {Threei}  if holding above 8 for a day trade

[09:40] {Threei}  above 8.10 for a scalp

[09:40] {dino} hmmm, they save the insurers and thats all they can get the market to move?

[09:40] {ese} tks dino.....

[09:41] {dino} apol overnight out flat

[09:42] {dino} esi wants 100 strike

[09:42] {ese} sbux = sloth

[09:42] {dino} lol

[09:42] {ese} ah finally

[09:44] {Threei}  HIG will never stop

[09:44] {Threei}  it will just go and go

[09:44] {Threei}  to the moon

[09:46] {magoo} i could stop it

[09:46] {dino} sm l pru .00

[09:48] {ese} out sbux .51 +.10 single lot

[09:49] {dino} pru stop is lod

[09:50] {Threei}  04/08/09 09:44am

[09:50] {Threei}  [TCK] Teck Cominco Hearing takeover chatter circulating

[09:50] {Threei}  - BHP rumored as a potential bidder

[09:52] {wulff} half hearted rally

[09:52] {Threei}  yeah

[09:52] {Threei}  not really delighted

[09:52] {wulff} kick it in the..

[09:53] {dino} pru stopped

[09:53] {dino} -.42

[09:53] {Threei}  guess who justr can't shut up

[09:53] {wulff} 11 hig?

[09:53] {Threei}  FORMER FED CHAIR GREENSPAN: ECONOMY MAY NOT GROW AS QUICKLY AS IN THE PAST

[09:53] {Threei}  starts looking like short to me, HIG

[09:54] {Threei}  PREVIEW: SEC HOLDS OPEN HEARING AND VOTE ON REINSTATING THE UPTICK RULE BETWEEN 10AM-NOON ET

[09:54] {Threei}  - During today's hearing, the Commission will consider whether to propose rules restricting short sales under certain circumstances.

[09:54] {Threei}  - According to an SEC source, hearings such as the one this morning typically run from 10 to 12ET, with the Commission voting on agenda items sequentially. It appears there's only one item on the agenda this morning (the uptick rule), so the vote is expected at the end of the hearing.

[09:54] {Threei}  - the SEC is final arbiter of the uptick rule, so if the five member commission votes in favor of reistating the uptick rule, the rule will go into effect as the SEC specifies

[09:57] {magoo} vad..we in anything?

[09:57] {Threei}  GREENSPAN: CURRENT CRISIS SHOWS THE CONNECTIVITY OF THE GLOBAL ECONOMY

[09:59] {Threei} Short Setup: HIG  .70 break

[09:59] {Threei}  stop above .85

[09:59] {dptl} in

[10:00] {magoo} in

[10:00] {Threei}  covering half .48

[10:00] {dptl} out .48 ty

[10:01] {Threei}  stop to above .70 for the balance

[10:02] {dino} itg, sivb

[10:03] {dino} scsc

[10:03] {ese} got a plan for sivb dino

[10:05] {Threei} Short Setup: RIMM  62 breakdown if stays below .10

[10:05] {dptl} in 

[10:06] {magoo} out HIG .48 Ty

[10:06] {Threei}  welcome

[10:06] {dino} not yet es

[10:07] {Threei}  RIMM over 1:1

[10:07] {dino} was feeling 14.60s, but...

[10:07] {Threei}  half or scalp

[10:07] {Threei}  yiour choice

[10:07] {Threei}  half for me

[10:07] {dino} why didn't i short esi, at 104 i said 100

[10:07] {dptl} out half

[10:08] {Threei}  calls are all for ese today so far... shorts only :)

[10:08] {Threei}  1:2 RIMM

[10:08] {ese} ya tks ...ahhhhh  really appreciate it

[10:09] {Threei}  this gap looked so tortured and feeble, shorting was main thing on my mind

[10:09] {ese} ESI would have been a good one

[10:09] {magoo} nice perspective vad

[10:09] {Threei}  HIG stop to .65

[10:10] {dptl} for rimm stop?

[10:10] {Threei}  just above b/e

[10:10] {dptl} ok ty

[10:11] {Threei}  okay HIG... want to give us something really nice?

[10:13] {vint} looks like RIMM wants to go down further

[10:13] {Threei}  stop to .55 HIG

[10:13] {dptl} out all rimm .55 ty

[10:13] {Threei}  wtg

[10:13] {Threei}  done with RIMM in full .53

[10:13] {vint} out RIMM,THX

[10:14] {Threei}  welcome guys

[10:14] {dino} esi 100s

[10:14] {dino} waiting 98.50

[10:14] {ese} L drys .55

[10:15] {Threei}  oh well HIG

[10:15] {Threei}  still nice trade but felt like had a lot more potential

[10:16] {nemo} still might...lot of air between here and yesterday

[10:17] {Threei}  true

[10:17] {Threei}  just don't have the right structure for a play at this moment

[10:17] {Threei}  wow F

[10:18] {Threei}  nice spike for the cheapie

[10:18] {Threei}  argh HIG

[10:18] {Threei}  you just had to shake me out before doing that eh

[10:20] {nemo} hold nose and jump in?  NOT

[10:20] {Threei}  just waiting to see if it gives a bounce for entry

[10:21] {Threei}  does exactly what I wanted from it for the second half

[10:21] {nemo} grab parachute

[10:21] {ese} by the way lost $181 yesterday on my schw position....sold close to the end of the day for .05 loss

[10:22] {Threei}  financials sell down - in advance of that much-touted short selling rule... heh

[10:22] {Threei}  idiots

[10:22] {nemo} RIMM selling down too

[10:22] {nemo} TNA which is small caps selling down

[10:25] {dino} going to fill open gaps

[10:25] {Threei}  wait for me, I need a few minutes to cry

[10:25] {vint} why Vad?

[10:26] {Threei}  HIG...

[10:26] {nemo} HIG short

[10:26] {Threei}  pass me a tissue someone

[10:26] {nemo} maybe you nee an additive w/your coffee

[10:26] {nemo} and I wasn't thinking cream

[10:26] {vint} oh my

[10:26] {Threei}  sometimes I hate my discipline

[10:27] {vint} but in long run that is waht helps..

[10:27] {Threei}  of course

[10:27] {Threei}  but I allocate 5 minutes a week to discipline-hating

[10:27] {Threei}  done now

[10:27] {dino} 811 s/p gap last week

[10:27] {nemo} Vad look at hig, might get your chance

[10:28] {Threei}  watching it all the time

[10:28] {nemo} wouldn't a nice handle be great-too obvious thought

[10:28] {nemo} though

[10:30] {nemo} bottoming on GS

[10:30] {nemo} ?

[10:30] {Threei}  doesn't look this way to me yet

[10:31] {Threei}  wtf

[10:31] {Threei}  USO?

[10:32] {Threei}  *DOE CRUDE: +1.65M V +1.4ME; GASOLINE: +656K V -1.7ME; DISTILLATE: -3.35M V -500KE; CAPACITY UTILIZATION: 81.8% V 82%E

[10:32] {Threei}  - Distillate demand +400K bpd to 4.06M bpd

[10:32] {Threei}  - Gasoline demand -100KK bpd to 9.02M bpd

[10:32] {ese} you all talkin about a short for hig

[10:32] {dino} online ed's smackdown day two

[10:33] {Threei}  10 crossback on HIG was long signal, I jjust couldn't type it in time

[10:33] {Threei}  then didn't want to chase

[10:34] {Threei}  .40 - .50 zone is nearest resistance on HIG

[10:35] {ese} capitulation sell off in Drys....should be heading up from here

[10:35] {Threei}  it's 15 cents uop from the bottom...

[10:36] {nemo} right at resistance

[10:36] {ese} ya  

[10:36] {ese} just missed it at .36

[10:37] {ese} sivb doin nothing dino....just drifting lower

[10:38] {dino} waiting 14.50, wait a zip down

[10:39] {dino} waiting on alot of stuff

[10:39] {Threei}  IDCC

[10:39] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[10:39] {Threei}  - Samsung rumored as potential acquirer

[10:41] {Threei}  ok, this IS funny

[10:41] {Threei}  SEC'S CASEY (R): UNCLEAR WHETHER REPEAL OF UPTICK RULE HAS LED TO RECENT ECONOMIC AND MARKET CONDITIONS OF PAST 18 MONTHS

[10:41] {Threei}  unclear?

[10:41] {nemo} duh?

[10:41] {nemo} omfg

[10:41] {Threei}  let me clear it for ya, casey

[10:41] {Threei}  It had absolutely nothing to do with that

[10:41] {nemo} nada, zip zed

[10:42] {dino} idcc sm l .20'

[10:42] {ese} this is good news for Baltic Dry Index:  Maersk increases rates on Europe-Mideast & Europe-Southeast Asia routes, effective May 1st

[10:43] {magoo} the bafoons gonna be perplexed when they reinstate uptick and we test lows 

[10:43] {ese} something must be moving out there

[10:43] {Threei}  they'll just continue witch hunt mags

[10:43] {nemo} not necessarily...might mean they're having problems covering fixed costs and need to get more out of customers

[10:43] {Threei}  day traders will be next scorge to blame

[10:43] {magoo} ban shorting altogether {again}

[10:44] {ese} in particular your board vad........were the worst...the lowest of the low.....and proud of it

[10:45] {Threei}  I bet someone in white house is thinking right about now: why don't we just close those markets and get rid of the whole headache... they don't produce anything anyway

[10:45] {magoo} HIG bounce time vad?

[10:45] {ese} we've been taught to drink vodka like theres no tomorow leading shorting out of hand and out of context......

[10:45] {nemo} could say the same thing about government

[10:45] {Threei}  a bit too high mags

[10:46] {Threei}  so, the recommendations at this point look like this:

[10:46] {Threei}  * SEC staff recommends bid test, where shorting would only be allowed on 'up-bid'

[10:46] {Threei}  fine, that's the old uptick rule

[10:46] {Threei}  * SEC staff recommends 3 circuit breakers to curb short selling

[10:46] {Threei}  * One circuit breaker would temporarily ban short selling of stock for rest of day if stock fell by 10 percent

[10:46] {Threei}  * Another circuit breaker would trigger the updated uptick rule proposal for the rest of the day for the stock

[10:46] {Threei}  * Third circuit breaker proposal would trigger the bid test for the rest of the day for the stock

[10:46] {ese} yup

[10:47] {Threei}  not sure what the difference is between second and third

[10:47] {Threei}  but whetever

[10:47] {Threei}  if it works, we will have nice bounces

[10:47] {Threei}  if it doesn't, who cares

[10:49] {dino} they are idiots

[10:49] {nemo} not necessarily, they've got to look like they're doing something to Congress

[10:49] {dino} simply put the old rule back so we can stop wasting time (not that the old rule did anything)

[10:49] {Threei}  [10:22] {Threei} idiots

[10:50] {Threei}  find your own swearing dino, I am not sharing mine

[10:50] {dino} bottom line companies were in trouble markets went down

[10:50] {Threei}  my vocabulary is too imited to share

[10:51] {dino} ok, how about dumb asses

[10:51] {Threei}  SEC'S CASEY (R): UNCLEAR WHETHER REPEAL OF UPTICK RULE HAS LED TO RECENT ECONOMIC AND MARKET CONDITIONS OF PAST 18 MONTHS

[10:51] {Threei}  - Remarks will decide on support of short sale restrictions based on regulatory principles

[10:51] {Threei}  - Concerned that any uptick rules could be challenged in court system if it is not proved that the elimination of rule drove stocks down

[10:51] {Threei}  that you can have

[10:51] {Threei}  but I do claim imbeciles

[10:52] {vint} vad- do u get news feed from yr platform? or other sources/

[10:52] {Threei}  TTN

[10:53] {Threei}  look for banner at the bottom of our homepage

[10:53] {vint} k,thx

[10:53] {dino} ews sivb not going to happen

[10:59] {Threei}  SEC"S WALTER: SUPPORTS SEEKING COMMENT, STAFF RECOMMENDATIONS ON SHORT SALE RESTRICTION OPTIONS

[10:59] {Threei}  - Notes that the market behavior and investor confidence indicates that its appropriate for consideration of action{

[10:59] {dino} itg drop

[11:00] {Threei}  huh?

[11:00] {Threei}  what did he say?

[11:00] {Threei}  I reread it three time

[11:01] {Threei}  watching HIG for topping signs

[11:01] {Threei}  .50 breakdown if stays below .60 - .65

[11:02] {magoo} im opposite opinion

[11:02] {magoo} took .30 long looking for 11

[11:03] {ese} L drys  again avg .51

[11:03] {Threei}  you can't be of opposite opinion to mine

[11:03] {Threei}  nor can be of the same

[11:03] {Threei}  I have no opiniion

[11:05] {cosmo} WBSN

[11:05] {dptl} short hig .49

[11:06] {cosmo} WBSN C&H @ 15.50

[11:07] {cosmo} ... for continuation...

[11:11] {fernp} out here TY Vad

[11:11] {Threei}  :)

[11:11] {Threei}  me too, taking little scalp

[11:11] {Threei}  lest I hurt magoo's feelings

[11:11] {magoo} just pisses me off

[11:11] {magoo} rimm yestrday too

[11:11] {Threei}  see?

[11:11] {dptl} out ty

[11:12] {Threei}  I am just scared that SEC decides to go all the way and bans selling altogether

[11:12] {Threei}  no selling... you can buy only

[11:13] {dino} idcc stop to b/e thing is stuck

[11:15] {dino} well they did that w/financials in sept/oct

[11:15] {dino} and it failed

[11:16] {Threei}  no... they banned short selling

[11:16] {Threei}  and I mean selling as such

[11:16] {Threei}  imagine... market with no offers

[11:16] {dino} itg sm l .60

[11:16] {nemo} no mention of enforcing naked short selling statutes?  interesting

[11:16] {Threei}  unlimited potential to go up

[11:16] {dino} roflol 3i

[11:17] {Threei}  problem solved

[11:17] {dino} out idcc size, +.07

[11:17] {Threei}  of course you can never realize your gain

[11:18] {Threei}  but why would they concern themselves with such insignificant details

[11:18] {larisa} sweet torture :)

[11:18] {Threei}  actually... it could work nicely

[11:18] {Threei}  here is the idea for them:

[11:19] {Threei}  everyone has pension fund contribution etc,

[11:19] {Threei}  value is increasing exponentially

[11:19] {Threei}  since there are bids only, no offers and no selling,

[11:19] {Threei}  and when you need money for whatever reason

[11:19] {Threei}  you go to the bank,

[11:19] {Threei}  show your statements

[11:19] {Threei}  and they lend you against that value as collateral.

[11:20] {Threei}  Whole new paper economy is created,

[11:20] {Threei}  easy to regulate,

[11:20] {cosmo} works great... for the loan industry

[11:20] {Threei}  total ocntrol over everything.

[11:20] {Threei}  Heck... I would make a great dictator

[11:20] {dino} sivb l .50

[11:20] {Threei}  or dictator's adviser

[11:21] {cosmo} in some undisclosed location

[11:22] {fernp} The SEC will vote Wednesday on which types of rules it intends to propose, and the public will have 60 days to comment. An SEC official said the staff is proposing to give the industry three months to implement any new rules. At that pace, any possible new rules wouldn't go into effect until autumn at the earliest.

[11:22] {fernp} DJ News

[11:22] {Threei}  lol

[11:22] {larisa} right, cosmo :) dictators get hanged on the trees often, be adviser

[11:22] {Threei}  so not only they talk nonsense, but this nonsense is irrelevant for the next few months

[11:23] {Threei}  nah larisa, I disagree

[11:23] {Threei}  advisers get hanged even more often

[11:23] {cosmo} by the dictator?

[11:23] {Threei}  because they get hanged not only by revolutioners, but by their dictators as well

[11:23] {larisa} can not win

[11:24] {Threei}  you can... be my adviser when I make a dictator

[11:24] {ese} I've been advising vad for about 2 years ...he's about to hang me??  i rest my case

[11:25] {Threei}  fair warning: I will be benevolent one from Mon to Thu

[11:25] {cosmo} i stay non-local

[11:25] {dino} out itg .93 +.33

[11:26] {larisa} gj

[11:26] {dino} ty

[11:26] {dino} slow morning for me

[11:27] {ese} yup...nice one

[11:27] {Threei}  HIG is not going up with market anymore

[11:27] {Threei}  not a good sign

[11:27] {nemo} neither is GS

[11:27] {nemo} or WFC

[11:28] {cosmo} rotation

[11:28] {dino} stopped sivb .39, -.11

[11:31] {Threei}  (US) SEC DIR OF REGULATION: SEC CANNOT JUST REINSTITUTE THE OLD UPTICK RULE AS MARKETS HAVE EVOLVED CONSIDERABLY

[11:32] {Threei}  not sure why they can't but whatever...

[11:32] {Threei}  doesn't matter either way

[11:32] {nemo} decimalization

[11:32] {cosmo} decriminalization

[11:34] {Threei}  rule existed under decimals

[11:34] {dino} ceco l .50

[11:34] {nemo} yes, but that may be one of the things he's referring too

[11:34] {cosmo} back to fractions?

[11:34] {Threei}  (US) SEC VOTES 5-0 TO RELEASE FIVE STAFF PROPOSALS ON RULES RESTRICTING SHORT SALES FOR A PUBLIC COMMENT PERIOD OF 60 DAYS

[11:35] {cosmo} RELEASE FIVE STAFF ... i say

[11:35] {Threei}  lol

[11:37] {dino} chtt sm l .20

[11:38] {Threei} Long Setup:  AA  .56 if holding above .50

[11:38] {Threei}  double bottom hunt

[11:39] {dptl} in

[11:41] {dino} dumbasses

[11:48] {fernp} i am out. TY Vad

[11:48] {Threei}  half out AA

[11:48] {Threei}  welcome

[11:48] {ese} markets going up....drys is not paricipating.....I hate it when I'm wrong

[11:48] {Threei}  4 for 4 today so far

[11:49] {ese} you mean me being wrong

[11:49] {ese} I represent tha remark!!!

[11:49] {wulff} you think AA has legs?

[11:50] {Threei}  I don't think... but thank you for this flattering assumption

[11:50] {dptl} out .66 ty

[11:50] {Threei}  I just follow the procedure

[11:50] {Threei}  not trying to be a smart ass :)

[11:51] {wulff} no way to tell I know

[11:51] {Threei}  {larisa} yeah right

[11:51] {Threei}  out in full .71

[11:51] {Threei}  5K trade

[11:52] {Threei}  dino

[11:52] {Threei}  prepare to make that evilish laughter sound

[11:52] {Threei}  TM EXEC: PLANS TO IDLE NEW US HYBRID PLANT UNTIL DEMAND RECOVERS

[11:52] {Threei}  oh yeah?

[11:52] {Threei}  but the green cars are supposed to be all rage

[11:54] {cosmo} green turns brown

[11:54] {Threei}  crap... scared to even think about what feel-gooders will do to the economy... not stellar as it is, there won't be much more that ruins when they are done

[11:55] {Threei}  those ugly Segways for two will be the only GM product left I am afraid

[11:55] {cosmo} GM should refurbish retro classics

[11:56] {cosmo} like Cuba does

[11:56] {Threei}  lol

[11:57] {dino} yeah, obama plan, make hybrids that won't sell

[11:57] {dino} these people in govt are egomaniacs

[11:57] {nemo} now Dino, they know what's best for us...

[11:57] {cosmo} yea... you can only buy

[11:59] {dino} and make cars that don't sell

[11:59] {dino} genius

[12:00] {cosmo} i would gladly buy a refurbished 1967 dodge dart

[12:00] {dino} meanwhile they drive around in limos

[12:00] {nemo} Yeah with a V8...I liked the plymouth actually

[12:01] {cosmo} hmm

[12:01] {nemo} I liked the 1970 also  plymouth was the scamp

[12:01] {dino} ragging chrysler because of jeep, if they thought about it, thats the best brand chrysler has

[12:01] {nemo} guess the market is taking the tck rumour seriously

[12:02] {cosmo} my 72 malibu .... gone forever...snif

[12:02] {Threei}  USO...

[12:02] {Threei}  risky as hell... but seems 30 break long

[12:02] {Threei}  very very discretionary trade

[12:02] {dino} ceco stopped -.13

[12:04] {dptl} in uso

[12:04] {dptl} stop under .80?

[12:04] {Threei}  yeah

[12:06] {Threei}  feels like spike is coming

[12:13] {dino} dk, lunchtime not ideal for one

[12:13] {nemo} fur crissakes, uso moves like my ex

[12:13] {dino} 12:50 usually

[12:13] {Threei}  USO is pulp

[12:14] {Threei}  EXEC: COMMITTED TO FOUR BRANDS IN RESTRUCTURING, INCLUDING CHEVROLET, GMC, BUICK AND CADILLAC

[12:14] {Threei}  - Note that on 4/7 GM was said to be in "intense, earnest" preparations for potential bankrupcy filing

[12:14] {Threei}  Buick stays?

[12:14] {Threei}  would the first I pwersonally sacked, lol

[12:15] {nemo} no more firebirds

[12:15] {cosmo} they like the holes, 3i

[12:15] {larisa} vad, you either dictator or CEO, can not be both :)

[12:15] {ese} outta here for the day all....have a good one see ya tomorow

[12:15] {Threei}  why?

[12:15] {ese} because

[12:15] {Threei}  as a dictator, can't I install myself as a CEO?

[12:15] {dino} cya es

[12:15] {Threei}  take care ese

[12:16] {dino} well they are taking over the boards now

[12:16] {dino} next coo, ceo, etc

[12:17] {cosmo} lets see some indictments

[12:19] {Threei}  here is my spike

[12:19] {Threei}  and pulp can move baby

[12:19] {Threei}  stop to under .90 btw

[12:19] {dptl} stop under .90 now?

[12:19] {dptl} oops

[12:19] {Threei}  no, stop to under .90

[12:20] {dptl} oh under .90... isee :)

[12:20] {Threei}  {larisa} you really are not trying to be smart ass... it comes to you naturally

[12:21] {larisa} sigh

[12:22] {dino} f'ing rinses today

[12:22] {wulff} RIMM recovering well

[12:23] {Threei}  HIG losing will to live

[12:23] {dino} dino's getting mad

[12:23] {wulff} Double bottom

[12:23] {dptl} .17 is hod uso

[12:23] {Threei}  was

[12:23] {Threei}  1;1

[12:24] {dptl} out .25 ty

[12:25] {Threei}  welcome

[12:25] {Threei}  5 for 5

[12:25] {Threei}  can I go home

[12:25] {Threei}  ?

[12:25] {magoo} out .26 TY

[12:25] {dptl} come over here :)

[12:26] {Threei}  hmmm

[12:26] {dino} only if you're buying the drinks

[12:26] {Threei}  I am sorry dp... I like you but I am as straight as they get

[12:27] {dptl} lol

[12:28] {Threei}  but we can be friends, right?

[12:28] {Threei}  (especially if you are buying drinks)

[12:28] {dptl} right.....lol

[12:28] {Threei}  BAC CEO: REITERATES THAT BAC TOOK MORE TARP CAPITAL THAN IT NEEDED - TV INTERVIEW

[12:29] {Threei}  and now can't get rid of it fast enough

[12:36] {Threei}  want to start trying HIG short for final descnet?

[12:36] {Threei}  can take a few papercuts

[12:37] {Threei}  10 break would be a first trigger

[12:37] {Threei}  with stop defined by the high of this bounces

[12:37] {Threei}  -s

[12:38] {nemo} that could be along ride own

[12:38] {nemo} down

[12:38] {nemo} GS Vad?

[12:38] {Threei}  don't know

[12:39] {Threei}  a bit too much of a bounce for 10 being a trigger, HIG

[12:39] {magoo} there was a huge bid at 69.95 too boss

[12:40] {nemo} RIMM showing some weakeness too...perhaps just lunchtime

[12:41] {dino} post conversion, c will have 25billion shares outstanding vs 5 billion now

[12:43] {magoo} big bounce futes'

[12:51] {dino} 12:50

[12:52] {dino} chtt stop to .70

[12:54] {dino} to .80

[12:55] {dino} out slipped .77, ave, +.57

[12:59] {Threei}  (IA) US STATE DEPT: US WILL JOIN SIX-POWER TALKS, US IS ATTEMPTING TO SERIOUSLY ENGAGE WITH IRAN TO "BREAK THE LOGJAM" IN NEGOTIATIONS OVER NUCLEAR PROGRAM

[12:59] {Threei}  {GLD USO}

[13:00] {Threei}  I have this nagging suspicion

[13:00] {Threei}  the more we are trying to engage in this kind of negotiations, the les weight we have

[13:01] {nemo} nothing is ever done

[13:01] {nemo} this has been going on for 10 years

[13:01] {dino} you know, i hate to say it, but you cannot effectively stop this nuclear stuff, technology is spreading

[13:01] {nemo} nope

[13:02] {Threei}  *TREASURY'S $35B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.42 V 2.26 PRIOR AND 2.44 AVG OVER THE LAST 10 AUCTION

[13:02] {Threei}  - indirect bidders take 38.5% of competitive bids

[13:02] {Threei}  - notes draw 1.385% with % allotted at high

[13:02] {nemo} RIMM vad

[13:02] {dino} it would be like trying to tell usa same thing

[13:07] {wulff} there's your HIG vad

[13:07] {nemo} or is it a trap

[13:07] {Threei}  I don't know...I need tighter consolidation

[13:07] {nemo} C&H

[13:08] {nemo} ha a volume spike on that hammer

[13:10] {Threei}  10.05 more or less defined as resistance

[13:11] {Threei}  not very pronounced one but still

[13:12] {dptl} so .95 with 10.05 stop

[13:12] {Threei}  I actually took .99

[13:13] {Threei}  fun begins

[13:13] {nemo} in .96

[13:13] {dptl} ah missed

[13:13] {Threei}  you have 1:1 nemo

[13:13] {Threei}  and more

[13:14] {vint} what is taking them down?

[13:14] {Threei}  gravity

[13:14] {Threei}  huge gap

[13:14] {Threei}  not enough sustainability under it

[13:14] {vint} u made me laugh..thx

[13:14] {Threei}  lol

[13:14] {nemo} out 1:1 ty

[13:14] {Threei}  I actually was serious

[13:14] {Threei}  in this case it was simply natural gravity

[13:14] {vint} i'm with u

[13:15] {Threei}  6 for 6... I am so tempted to go sleep

[13:16] {magoo} u all out?

[13:16] {dino}  snda

[13:16] {Threei}  yeah

[13:16] {Threei}  lunch time, scalping only

[13:16] {Threei}  actually, I always want to go sleep... except when I hungry

[13:17] {vint} i heard some people see market direction and set ups when they are asleep

[13:18] {Threei}  totally

[13:18] {vint} it never happens w/ me

[13:18] {nemo} I used to dream in German

[13:18] {Threei}  that;s a very productive coma

[13:18] {Threei}  self-induced

[13:18] {Threei}  starts about 30 min till market opens

[13:18] {Threei}  and lasts through the whole trading day

[13:21] {vint} do we expect something significant from FOMC minutes ?

[13:21] {nemo} new program

[13:21] {vint} i guess it is at 2:00 pm

[13:21] {Threei}  hard to imagine they said anything of significance over there

[13:21] {Threei}  but, who knows

[13:22] {wulff} the sky is falling....

[13:22] {Threei}  the ways of interventionists are confusing ad unknown

[13:22] {Threei}  and unknowable

[13:35] {vinod} short ride with SRS?

[13:36] {Threei}  50/50

[13:36] {Threei}  no read really

[13:36] {vinod} thanks

[13:36] {Threei}  if I absolutely had to bet on it, it woluld rather nbe long

[13:37] {Threei}  darn thing spiked while I typed, lol

[13:39] {vint} vad, RIMM 5mt chart- is it retracing or trend reversal?

[13:39] {vinod} there should be software that take thought to screen no typing

[13:40] {Threei}  feels to me like downtrend is being established... likely to bounce a bit but overal, rather down

[13:40] {vint} thanks, Vad.

[13:41] {Threei}  there is one that takes speech to tuping vinod

[13:41] {Threei}  I even downloaded it, never got around to actually test it

[13:41] {nemo} yeah, be careful what you wish for, how do you know it won't send exactly what you're thinking to the screen

[13:42] {Threei}  lol

[13:44] {Threei}  bounce looks done

[13:45] {Threei}  on RIMM, HIG etc

[13:48] {nemo} RIMM flipped you the bird

[13:49] {nemo} You know where from the origins of the middle finger came?

[13:50] {nemo} no takers huh?

[13:50] {wulff} du hat ein vogel

[13:50] {nemo} Verstehst du nicht?

[13:50] {wulff} ein bit

[13:51] {dino}    pru l .25

[13:51] {nemo} well, arrows, in the middle ages were also called birds because of the feathers.  You sent someone the bird

[13:51] {nemo} The middle finger is the most important to an archer, because it is the last to release the arrow

[13:52] {nemo} Often, if enemy archers were caught, their middle finger was removed

[13:52] {nemo} So, it became a defiant gesture as an archer to show your enemy you still had your middle finger

[13:54] {nemo} then again, could just be an urban legend

[13:55] {dptl} .70 short hig??

[13:55] {Threei}  I would really prefer bounces instead of breakdowns

[13:55] {Threei}  too many shakeouts

[13:56] {nemo} breakdowns for later 

[13:56] {vint} u mean short on bounce? Vad

[13:56] {Threei}  right

[13:56] {dptl} ok ty...staying away

[13:56] {vint} got it,thx

[13:56] {nemo} hehehehehe

[13:56] {Threei}  it was over .80 when I said bounce seemed to be over

[13:57] {Threei}  would have ioffered much better risk/reward

[13:57] {nemo} No, absolutely

[13:57] {nemo} It's just funny to watch stock reacting as you type

[13:58] {Threei}  better yet, if we trusted the gravity, and never covered our very first short on it

[13:58] {Threei}  frikin dollar with change higher

[13:58] {nemo} what was the original stop?

[13:58] {nemo} .05?

[13:59] {Threei}  [09:59] {Alert} Threei Short Setup: HIG .70 break

[13:59] {Threei}  [09:59] {Alert} Threei stop above .85

[13:59] {Threei}  that's 10.70, to be sure, lol

[13:59] {nemo} Oh, this morning

[14:00] {Threei}  [13:58] {Threei} ... our very first short on it

[14:00] {Threei}  *MINUTES OF THE MARCH 17-18 FOMC MEETING:SAW DOWNSIDE RISKS WERE PREDOMINANT, DISCUSSED WORKING WITH TREASURY; EXPECTED GDP TO FLATTEN IN 2H09

[14:01] {Threei}  flatten as in "splat"?

[14:01] {vint} lloks like mkt responding negatively

[14:01] {Threei}  - Staff cut 2H09 and 2010 GDP forecasts

[14:01] {Threei}  - Forecasting unemployment rate 'more steeply' higher

[14:03] {Threei}  - Saw indications of some consumer stabilization yet risks remain, including a higher savings rate

[14:03] {Threei}  - Inflation risks are subdued, some see risks of deflation

[14:03] {Threei}  - Officials were split on appropriate size for asset purchases

[14:03] {nemo} risky to save money...paradoxical

[14:10] {nemo} expanding range on RIMM

[14:10] {dino} why is any of this "new"

[14:11] {fernp} covered BAC +.19 this breakdown worked :)

[14:14] {Threei}  :)

[14:15] {magoo} HIG bounce vad??

[14:15] {wulff} vad's asleep

[14:16] {Threei}  who do you think had smiled two lines ago??

[14:16] {Threei}  doesn't look this way to me mags

[14:16] {wulff} the cat

[14:17] {fernp} lol

[14:17] {Threei}  cheshir one?

[14:17] {Threei}  or how do you spell it

[14:17] {nemo} is that the farmer's daughter joke wullfy?

[14:18] {Threei}  cheshire

[14:18] {vint} RIMM under gravity? Vad

[14:18] {Threei}  whole market is, any bounce is nothing but short trigger so far

[14:18] {vint} got it thx

[14:18] {Threei}  but this pattern will exhaust itself very soon

[14:19] {Threei}  this leg down is either last one or one before last, IMO

[14:19] {vint} on 1 mt chart, right?

[14:19] {Threei}  btw, my car's grill is often called cheshire cat smile

[14:19] {Threei}  yes

[14:20] {vinod} if one before last/--how big the last will be?

[14:20] {Threei}  wow... I don't know :)

[14:20] {nemo} wfc might have bottome ndx and SPY look that way too

[14:20] {Threei}  all I can do is to try and read it real time when it comes

[14:21] {vint} probably,it was last one

[14:21] {vinod} just giving hard time

[14:21] {Threei}  join the long line :)

[14:21] {Threei}  magoo is the first

[14:22] {Threei}  OK, if you are hell-bent on looking for bottom and reversal, let's try

[14:22] {Threei}  just remember, it can take a few tries

[14:22] {Threei}  first attemot would be:

[14:22] {nemo} no, I'm not hell bent...bent maybe

[14:23] {Threei}  RIMM, 62 break if holding .85

[14:24] {Threei}  invalidated

[14:24] {Threei}  one more leg is shaping up, but it looks hesitant

[14:24] {Threei}  bottom is close

[14:25] {Threei}  HIG is holding much better this time

[14:25] {nemo} You can feels it

[14:25] {Threei}  let's see where it bottoms put before breaking .50

[14:25] {dptl} hig?

[14:25] {Threei}  no, HIG

[14:26] {larisa} lol

[14:26] {nemo} now what

[14:26] {dptl} lol

[14:26] {Threei}  let it pullback and try to get it closer to .50

[14:27] {Threei}  stop under .45 for hardcore scalpers, under .40 for the rest

[14:27] {dptl} in .53

[14:28] {Threei}  RIMM .85 long if not loding .70 anymore

[14:28] {Threei}  .75 would be even better

[14:28] {Threei}  now upward move by market would break downtrend pattern

[14:28] {Threei}  which is what I am counting on

[14:29] {Threei}  there we go

[14:29] {Threei}  just what we wanted to see

[14:29] {Threei}  RIMM over 1:1 for scalpers

[14:30] {nemo} ty

[14:30] {Threei}  HIG hit 1:1 for scalpers

[14:30] {Threei}  next leg will be 1:1 for daytraders

[14:30] {dino} close over 7900 imo

[14:30] {Threei}  here it is on RIMM

[14:31] {Threei}  and here it is on HIG

[14:31] {Threei}  8 for 8

[14:31] {Threei}  I deserved a drink

[14:31] {nemo} how's your shoulder?

[14:32] {Threei}  just fine, thank you

[14:35] {Threei}  .45 zone should be another bounce on HIG

[14:35] {Threei}  aww

[14:35] {Threei}  don't chase

[14:35] {nemo} break of .60 in up market?

[14:36] {Threei}  no way

[14:36] {Threei}  this is not a breakout market

[14:37] {nemo} wfc didn't hol

[14:37] {Threei}  didn't like WFC as bounce candidate

[14:38] {magoo} RIMM again vad?

[14:38] {cosmo} JNPR holds 17.50   so far

[14:39] {Threei}  hmmm

[14:39] {Threei}  not sure mags

[14:39] {magoo} i hit .84

[14:39] {Threei}  market lost rythm for a few min

[14:40] {Threei}  I lose me feel for it in such cases

[14:41] {Threei}  Study: sport drinks may be bad for teeth

[14:42] {Threei}  try not to gnaw through the bottle?

[14:43] {cosmo} use an I.V.

[14:44] {nemo} shakeout coming Vad?

[14:44] {Threei}  don't know

[14:44] {Threei}  see, this long pause

[14:44] {Threei}  during which I said I losemy feel fior the market

[14:44] {nemo} yeah that's what geeks me

[14:44] {Threei}  then spike out of nowhere

[14:45] {Threei}  whatever comes next, I have no way to read it until new pattern establishes

[14:45] {Threei}  old one I got a read on is ruined now

[14:45] {Threei}  mags, hope you exited into this spike

[14:46] {wulff} still think bit of a rally is in order

[14:46] {Threei}  that was the gift from trading gods, and gifts are to be taken with a bow of gratitude

[14:46] {nemo} virginal sacrifice

[14:46] {Threei}  could be wulff, just need new setups to start appearing

[14:48] {magoo} vad HIG ?

[14:49] {Threei}  no idea

[14:50] {Threei}  they all started walking on their pwn

[14:50] {magoo} wondering if IF traders take it back up

[15:00] {cosmo} JNPR needs to hold 17.40   fwiw

[15:00] {nemo} might be getting an H&S on HIG

[15:06] {cosmo} 17.40 melting

[15:11] {Threei}  Moldova says Romania is to blame for Twitter riots

[15:11] {Threei}  I don't ewven know where to begin...

[15:11] {nemo} damn vampires

[15:11] {cosmo} Adam

[15:12] {nemo} Yeah, if it weren't for Eve we'd still be in the Garden of Eden.

[15:12] {cosmo} hmmm

[15:12] {Threei}  reminds me old joke of after-soviet period... Ukraine and Moldova signed agreement about mutual understanding between Argentina and Mongolia

[15:13] {Threei}  gosh... am I the only one who finds it funny?

[15:14] {dino}    hmmmmmmmmmmmmmmmmm

[15:14] {Threei}  {--- removes himself to monastery

[15:14] {nemo} yeah

[15:14] {cosmo} i was waiting for the rest...

[15:14] {nemo} me too

[15:14] {Threei}  {--- must be isolated from society

[15:14] {nemo} while RIMM spikes

[15:14] {nemo} you are, you live on Vancouver Island

[15:14] {dptl} lol cosmo

[15:14] {Threei}  there is society here

[15:15] {Threei}  now, you two... cosmo and nemo... scroll back and reread

[15:15] {dino} society is overrated

[15:15] {Threei}  true

[15:19] {Threei}  oh good

[15:19] {Threei}  WHITE HOUSE: PRES OBAMA IS FLEXIBLE ON AUCTIONING PROCEES OF EMISSIONS PERMITS IN CLIMATE BILL

[15:19] {cosmo} make it part of the 'birth tax'

[15:23] {cosmo} Flexable: CO2 is a basic nutrient to life as we know it.

[15:25] {wulff} where's the "feel a bounce coming." no?

[15:26] {Threei}  missed first leg of it, double bottom... hesitant now

[15:26] {vint} on what, RIMM?

[15:26] {Threei}  mostly, yes

[15:26] {Threei}  61.60 break was nice setup in retrospect

[15:27] {Threei}  HIG is too narrow

[15:27] {Threei}  not mucgh room for profit

[15:34] {dino} c'mon only 100 pts to go

[15:35] {larisa} i was exactly 100 points off yest, your turn now :)

[15:35] {Threei}  lol

[15:35] {dino} :)

[15:35] {dino} anything for larisa

[15:36] {larisa} ty

[15:37] {nemo} gotta' go.  c u 2 maw row (your boat, gently down the stream) oy!

[15:37] {dino} cya nemoooooooo

[15:38] {dino} ok larisa only 96 to go

[15:40] {larisa} dats ok actually, i am on your side :)

[15:40] {dino} ahh, the right side ;-)

[15:45] {wulff} been staring at RIMM for an hour

[15:45] {wulff} it trades very strangely

[15:45] {dino} giddy-up!

[15:46] {Threei}  starting to get inetrested in RIMM break

[15:46] {Threei}  want it to consolidate a little

[15:46] {dino} utg l .95

[15:49] {dino} 80 to go

[15:50] {magoo} never 

[15:51] {dino} out pru .65, +.40

[15:51] {Threei}  no time for real break anymore

[15:52] {dino} slllllaaaaappppppppppppppp

[15:52] {dino} all the time in the world

[15:54] {Threei}  F...

[15:54] {Threei}  this thing prpares something

[15:55] {Threei}  4 break and run could be tomorrow's theme for it

[15:57] {dino} out itg .12, +.17

[15:57] {dino} well, in the black

[15:58] {Threei}  okay guys, very nice day

[15:58] {dptl} have a good evening all

[15:58] {Threei}  have a good evening

[15:58] {Threei}  see you tomorrow

[15:58] {larisa} bye all

[15:58] {vint} thanks vad, good evning all

[15:59] {Threei}  look at F go

[15:59] {dino} thx all

[16:00] {wulff} ba bye

Apr 07 2009

That was really trying day. Nothing happened all too long - win here, stop there, FAS, WFC, RIMM, FAZ, GS, UAUA... Took a lot of time to finally get our play for +70 on RIMM and finish the day in the green. 

Session Time: Tue Apr 07 00:00:00 2009

[07:55] {Threei}  PIMCO'S EL-ERIAN: AMERICAN CONSUMER WILL RETURN, BUT IN A MORE RESTRAINED FASHION; GOVERNMENT BONDS ARE "NOT WORTH OWNING" -CNBC

[07:55] {Threei}  - Unemployment is "Not a backward indicator"

[07:55] {Threei}  - Reiterates that PIMCO remains very underweight on equities. Fears pepole are getting "sucked in" to equities after seeing big 25% increases.

[07:55] {Threei}  - Would not be surprised if equities retested lows.

[07:55] {Threei}  - Mortgage-backed, corporate and muni bonds are attractive.

[07:55] {Threei}  - Fed's corporate paper program has been successful.

[08:24] {larisa} good morning :)

[08:25] {Threei}  larisa :)

[08:25] {larisa} threei :) 

[08:26] {Threei}  F gapped down into 3.50 support

[08:27] {Threei}  will be interesting for open break play if copnsolidates close to it

[08:27] {Threei}  tight stop, and nice potential if market regains strength

[08:37] {cosmo} SPIL

[08:37] {Threei}  RU) RUSSIAN CENTRAL BANK: STEPS TOWARDS THE CREATION OF A BAD BANK ARE STILL POSSIBLE

[08:37] {Threei}  sure... but they seem to be creating themselves quite well

[08:38] {Threei}  VVUS

[08:38] {Threei}  LAZARD INITIATES VVUS WITH BUY

[08:39] {nemo} gm all 3i

[08:39] {Threei}  nemo :)

[08:41] {cosmo}  SPIL has announced Monday after the close, up revenues of 29% for March,

[08:41] {cosmo} month over month

[08:42] {cosmo} careful...Cramer

[08:42] {Threei}  and

[08:42] {Threei}  04/06/09 06:15pm [SPIL] Positve Mad Money Mention - CNBC

[08:42] {cosmo} :)

[08:42] {cosmo} sigh

[08:43] {Threei}  VP BIDEN ADVISOR ALTMAN: GM BANKRUPTCY COULD TAKE A YEAR AND A HALF

[08:43] {Threei}  to start? or to end?

[08:44] {patience} good morning RT  :)

[08:45] {Threei}  patience :)

[08:48] {Threei}  HIG??

[08:48] {nemo} Everybody expected the rally, so it's hiding

[08:49] {Threei}  what the hell just happened on HIG?

[08:49] {pita} gm all

[08:49] {Threei}  pita :)

[08:49] {nemo} somebody hit the buy button accidentally...I understand

[08:49] {Threei}  that ought to be one fat finger

[08:50] {Threei}  anyway, yesterday's high is 9.52, and there is a big sell order at .54

[08:50] {Threei}  something to watch

[08:55] {Threei}  BROADPOINT AMTECH POSITIVE ON AEROSPACE AND DEFENSE SECTOR

[08:55] {Threei}  - Firm believes LMT, GD, and RTN all have further upside from current levels based on the program decisions released by Gates. A recovery to a P/E multiple of 10x calendar 2010 estimates is very reasonable.{LMT GD RTN}

[08:58] {fernp} Hello everybody

[08:58] {Threei}  fern :)

[09:00] {Threei}  GM

[09:00] {Threei}  IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC

[09:00] {Threei}  now?

[09:00] {nemo} such a diplomat

[09:00] {Threei}  dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked

[09:06] {Threei}  6.20 is FAS support from two days before yesterday

[09:10] {cosmo} DNDN again?

[09:10] {Threei}  shrug

[09:11] {cosmo} gotcha

[09:11] {Threei}  speculation on upcoming FDA ruling

[09:11] {Threei}  get caught in it long if FDA says no, make sure wife doesn't see your trading account statement for a year

[09:11] {cosmo} 7.35 spike

[09:12] {Threei}  or you are in the dighouse

[09:12] {Threei}  doghouse

[09:13] {cosmo} she's in the doghouse already for her real estate habit...

[09:13] {Threei}  ah... well, that could be her get out of jail card then

[09:13] {Threei}  my favorite part from DNDN statement:

[09:14] {Threei}  affirms plans to release data by end of April

[09:14] {Threei}  - Notes it has no new data for its Provenge vaccine, notes it remains unclear whether it will present any data or not at the conference.

[09:14] {Threei}  yes, no and maybe in one line

[09:14] {Threei}  beauty

[09:18] {ese} good morning

[09:18] {Threei}  ese :)

[09:19] {Threei}  so far on watch

[09:19] {Threei}  FAS and F, both gapped down into support

[09:20] {Threei}  HIG

[09:20] {Threei}  WFC. forms pre-market C&H

[09:20] {Threei}  with 14.80 being break level

[09:20] {ese} funny first statement... says,,,"Topic set by Threei!Reality..."TRAGIC"  whats that all about vad....something your not telling us?

[09:21] {Threei}  hmm?

[09:21] {vinod} good morning to all

[09:21] {Threei}  vinod :)

[09:21] {dino} gm all

[09:21] {ese} whats so  vin

[09:21] {Threei}  dino :)

[09:22] {Threei}  topic I set is at the blue bar

[09:22] {elepet} good morning

[09:22] {ese} ele

[09:24] {cosmo} BLUD pre mkt high = 26  fwiw

[09:24] {Threei}  elepet :)

[09:24] {cosmo} 26.29 spike

[09:26] {Threei}  [08:26] {Threei} F gapped down into 3.50 support

[09:26] {Threei}  [08:27] {Threei} will be interesting for open break play if copnsolidates close to it

[09:26] {Threei}  [08:27] {Threei} tight stop, and nice potential if market regains strength

[09:27] {Threei}  same for FAS if holding .20

[09:27] {dptl} good morning

[09:27] {Threei}  dp :)

[09:28] {magoo} sfmsjf;k';ptb;kjsFJ:

[09:28] {Threei}  you think?

[09:28] {ese} mornin dp

[09:28] {Threei}  oh, btw, dino... you'll enjoy this:

[09:28] {Threei}  [09:00] {Threei} IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC

[09:28] {Threei}  [09:00] {Threei} now?

[09:28] {Threei}  [09:00] {nemo} such a diplomat

[09:28] {Threei}  [09:00] {Threei} dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked

[09:29] {dino} lol, same old same old, just like banks didn't need to raise capital

Session Close: Tue Apr 07 09:29:15 2009

Session Start: Tue Apr 07 09:29:30 2009

Session Ident: #discussions

03[09:29] * Now talking in #discussions

[09:29] {Threei}  eqzaktly

[09:30] {Threei} Long Setup:  WFC  .80 break if stays above .70

[09:31] {Threei}  bounce candidate now off .50

[09:31] {Threei}  .60 break ,ong

[09:31] {Threei}  if holding .50

[09:33] {Threei}  quick 1:1

[09:34] {magoo} out .71 TY

[09:34] {Threei}  let's see if we get double bottom on FAS

[09:35] {Threei}  want littgle pullbacl, holding .20, then break of the high of this bounce

[09:35] {Threei}  come on FAS, one more little pullback please

[09:36] {Threei} Long Setup:  FAS  .27 if holding .20

[09:36] {Threei}  good boy

[09:36] {Threei}  1:1

[09:36] {Threei}  half out

[09:36] {magoo} missed

[09:36] {nemo} missed

[09:37] {Threei}  more weakness in the market

[09:37] {Threei}  stop to .24 for the balance

[09:38] {Threei}  awww

[09:38] {Threei}  F got away

[09:38] {Threei}  what a bounce

[09:39] {nemo} RIMM diving

[09:39] {Threei}  ZIXI

[09:39] {Threei}  SELECTED BY HOUSTON HEALTHCARE FOR EMAIL ENCRYPTION SERVICE

[09:39] {Threei}  Chaeron's favorite stock

[09:39] {Threei}  this and LULU

[09:39] {Threei}  both because of Mopassan-sounding names

[09:41] {Threei}  out FAS

[09:42] {Threei}  maybe just a shake but it's unclear here

[09:42] {Threei}  want to wait it out

[09:42] {magoo} down 150

[09:42] {magoo} 30 comp

[09:42] {Threei} Long Setup:  WFC  .70 break if holding above .60

[09:43] {dptl} in

[09:43] {magoo} in

[09:45] {magoo} 'keep eye RIMM vad

[09:45] {Threei}  (US) REPORTEDLY US PRES OBAMA IS MAKING SURPRISE VISIT TO IRAQ (LEFT TURKEY EARLIER IN EUROPEAN SESSION)

[09:47] {ese} l fnfg .50

[09:48] {Threei}  F fast drop

[09:50] {ese} out fnfg .65 +.15

[09:51] {nemo} ese been enfuego

[09:51] {dptl} stopped wfc

[09:51] {Threei}  WFC no worky this time

[09:51] {ese} whats enfuego?

[09:52] {Threei}  RIMM is almost read

[09:52] {Threei}  .60 break long

[09:52] {Threei}  if stays above .40

[09:53] {nemo} too fast

[09:53] {magoo} in

[09:53] {nemo} what you in a magoo

[09:53] {magoo} rimm

[09:53] {nemo} at what price

[09:53] {magoo} .63

[09:54] {magoo} [09:52] {&Threei}  RIMM is almost read

[09:54] {nemo} fast fingers

[09:54] {magoo} [09:52] {&Threei}  .60 break long

[09:54] {nemo} yeah saw it couldn't grab it

[09:54] {magoo} lucky u

[09:56] {Threei}  so far forms double bottom

[09:56] {magoo} need mkt 

[09:56] {Threei}  as always

[09:56] {magoo} yup

[09:57] {magoo} only half lot here

[09:57] {ese} LSCHW .65

[09:58] {Threei}  holding better on this market pullback

[09:58] {Threei}  come on

[09:58] {Threei}  this time should be it

[10:00] {Threei}  APRIL IBD/TIPP ECONOMIC OPTIMISM: 49.1 V 45.8E

[10:00] {Threei}  optimism pours overboard

[10:00] {Threei}  nice to see

[10:01] {Threei}  GS CEO: EXECUTIVE COMPENSATION SHOULD DISCOURAGE EXCESSIVE RISK TAKING

[10:01] {Threei}  fiiinally

[10:01] {Threei}  over 1:1, half out

[10:02] {Threei}  scalpers take profit

[10:02] {Threei}  RIMM sure took its sweet time

[10:02] {Threei}  stop to .55 for the balance

[10:03] {Threei}  ese

[10:04] {Threei}  you may want to look at F

[10:04] {Threei}  moves somewhat in a way that atracted you to FITB

[10:06] {Threei}  scalpers win on RIMM

[10:06] {ese} tks will do

[10:07] {nemo} fas heading for support

[10:07] {pita} next support RIMM?

[10:07] {Threei}  HIG is getting interesting

[10:07] {Threei}  RIMM's support is still .40

[10:08] {Threei}  never violated it

[10:08] {ese} want schw to get it's &^%&^ up there

[10:08] {Threei}  in fact it forms the same setup once again

[10:09] {Threei}  invalidated now

[10:09] {Threei}  don't touch RIMM for now

[10:12] {dino} ice up

[10:13] {dino} amed wants green

[10:13] {dino} watch afam off it, imo

[10:13] {dino} cb, trv holding

[10:14] {Threei} Long Setup:  UAUA  .80 break

[10:14] {cosmo} FAS holds 6.20 so far

[10:14] {Threei}  stop under .70

[10:14] {ese} bought some more schw avg .63

[10:14] {Threei}  for extreme scalpers under .75

[10:14] {dptl} in

[10:15] {dptl} uaua

[10:16] {nemo} hig

[10:16] {Threei}  HIG stalled a bit

[10:17] {Threei}  .80 is resistance to break, but it doesn't look too jazzed at the moment

[10:17] {vint} good morning all

[10:18] {Threei}  vint :)

[10:18] {nemo} out uauau

[10:19] {cosmo} FAS range = 6.20 - 6.35  fyi

[10:20] {dino} 7776, 1252, 811 thurs gaps

[10:21] {Threei}  market feels ready to reverse to the upside to me

[10:22] {cosmo} FAS tests 6.35 hod soon

[10:22] {Threei}  RIMM

[10:22] {Threei}  .10 break long

[10:23] {Threei}  stop under .90

[10:23] {dptl} in

[10:23] {dino} sm l afam .67

[10:24] {magoo} in rimm

[10:25] {Threei}  1:1

[10:25] {Threei}  half out'

[10:25] {dptl} out ty

[10:25] {Threei}  scalpers know what they want from life

[10:26] {cosmo} blud?

[10:26] {cosmo} nah

[10:26] {larisa} so thin, was looking at it under 24 and could not :)

[10:26] {Threei}  stop to .05 for RIMM balance

[10:27] {dino} schw l .55

[10:27] {dino} joining you es

[10:27] {magoo} wfc back to high

[10:27] {Threei}  argh

[10:27] {Threei}  forgot about WFC

[10:28] {Threei}  .65 break was clean long trigger

[10:28] {Threei}  fas

[10:29] {Threei}  C... hate to chase this high, and not getting any meaningful pullback

[10:30] {nemo} akam

[10:31] {magoo} read AAPL vad?

[10:32] {Threei}  long

[10:32] {Threei}  no exact trigger

[10:32] {dino} bulls on parade

[10:34] {nemo} another trigger on RIMM above .35?

[10:34] {dptl} Vad you still in uaua?

[10:34] {Threei}  yes

[10:34] {Threei}  getting tired of it though

[10:34] {Threei}  maybe scratch it

[10:34] {dptl} yeah

[10:34] {Threei}  mostly to free hands

[10:35] {Threei}  PLD

[10:35] {Threei}  this thing tends to sit quietly, then climb big

[10:36] {Threei}  if market does of course

[10:36] {Threei}  .60 - .70 range

[10:36] {dino} afam gap filled from thurs

[10:37] {Threei}  look who is back in play... JNPR

[10:43] {dino} blud fast drop

[10:43] {cosmo} blud, spil done imo

[10:44] {dino} you in?

[10:45] {cosmo} n

[10:46] {larisa} AMLN nice chart today

[10:46] {dino} taking a small drink of blub .70

[10:47] {dino} blud

[10:47] {larisa} :)

[10:48] {Threei}  JNPR... just when I started typing alert

[10:48] {Threei}  GM

[10:48] {Threei}  IN INTENSE, EARNEST PREPARATIONS FOR POTENTIAL BANKRUPCY FILING

[10:48] {Threei}  {F}

[10:48] {Threei}  GS CEO: MONEY GRANTED TO WALL STREET WAS NEVER MEANT TO BE PERMANENT, FIRMS HAVE OBLIGATION TO PAY BACK FUNDS ASAP

[10:49] {dino} indeed otherwise obamination will tell you what to do

[10:49] {nemo} Yeah, but who knows exactly how much they got, and how will AIG ever pay anything back

[10:49] {dino} aig is now usaig

[10:51] {Threei}  but dino... they run into problems trying to return the money

[10:51] {Threei}  government doesn't want to take it back

[10:51] {dino} i know congress wants to rule them

[10:51] {cosmo} yea...nobody wants it

[10:52] {dino} massive liberal power grab (no free lunch)

[10:52] {Threei}  under the wise sounding cover of "antibiotics have to work their way fully"

[10:52] {nemo} RIMM maybe test support

[10:52] {Threei}  amazing isn't it

[10:53] {Threei}  I know this method of gaining control from whose do you think methods?

[10:53] {Threei}  mafia

[10:53] {nemo} mafia

[10:53] {nemo} hehehehe

[10:53] {Threei}  neno knows stuff

[10:53] {Threei}  :)

[10:53] {nemo} I'm a guinea, what can I say

[10:54] {dino} lol

[10:55] {dino} and i am McDino

[10:55] {nemo} I'm half mc too

[10:55] {nemo} worst of both worlds

[10:56] {Threei}  we got the timing of market reversal right, but I can't say I am fully happy with how we utilized it

[10:56] {ese} Schw just hangin there and doin nutun but driving me nuts

[10:56] {Threei}  RIMM was nice, but missed WFC completely

[10:56] {Threei}  missed JNPR

[10:56] {dptl} stopped uaua

[10:56] {Threei}  I thought you scratched it long ago

[10:57] {Threei}  while it hanged out right under .80

[10:57] {dptl} well kept original stop

[10:57] {Threei}  f

[10:58] {Threei}  likely to lose .50 this time

[10:58] {dino} schw es, hard stop, forget it and let it trade imo

[10:58] {Threei}  watching for possible panic selling

[10:58] {nemo} lot of toppy charts out their

[10:58] {dptl} not shorting though? f

[10:59] {Threei}  could be but just for a smallscaklp most likely

[10:59] {dptl} i see

[10:59] {Threei}  overall, feels like more promising on a long side

[11:00] {dino} blud stopped -.33

[11:02] {Threei}  SEC will announce their new shorting rules tomorrow

[11:02] {Threei}  yet market is not in a mad rush to cover

[11:03] {Threei}  most likely non-event

[11:03] {Threei}  but be aware of possible execution problems while brokers adjust their software

[11:05] {pita} next support RIMM?

[11:06] {magoo} .30 area is resistance rimm

[11:07] {Threei}  at the moment, 61... next 60.80

[11:09] {dino} chtt sm l .99

[11:11] {dino} blud blood

[11:11] {wulff} expected if it were going to sell off

[11:12] {wulff} it would have already

[11:12] {nemo} fas a short if it breaks .44?

[11:12] {nemo} or FAZ a long...

[11:12] {Threei}  I'd rather go with FAZ

[11:13] {Threei}  a bit more room for profit

[11:14] {Threei}  1 cent downtick FAS, 6 cents uptick FAZ

[11:16] {dino} ice strong today, delayed reaction

[11:22] {pita} PLD?

[11:22] {Threei}  not sure... things stalled

[11:23] {Threei}  (GE) GERMAN PRESIDENT SIGNS LAW PERMITTING FORCED NATIONALIZATIONS OF BANKS

[11:25] {ese} finally!!!! schw

[11:26] {ese} baaaaa humbug..

[11:26] {Threei}  nothing really happens... meaningless up and down within very narrow range

[11:27] {ese} yup.......see you all in an hour and a bit....have to go and teach a class

[11:27] {Threei}  we'll be here

[11:28] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[11:29] {Threei}  wow]'

[11:29] {Threei}  RIMM

[11:29] {nemo} yep

[11:30] {Threei}  long closer to .10 - .15

[11:31] {dino} online ed's bloody

[11:31] {dino} esi, apol, cpla, ceco

[11:33] {Threei}  RIMM bottomed out too high on pullback

[11:33] {Threei}  I am not delighted by idea of buying .50 break

[11:34] {Threei}  unless it consolidates a bit

[11:34] {magoo} sometimes u just gotta GO

[11:34] {magoo} in

[11:34] {Threei}  nah

[11:34] {Threei}  not for me

[11:35] {magoo} just do it..we all did lol

[11:35] {Threei}  TARP INSPECTOR GENERAL BAROFSKY: REVIEWING AIG'S PAYMENTS TO BANKS

[11:35] {Threei}  uh oh

[11:36] {Threei}  {banks, together} what to review?? payments, they are just that... payments...

[11:36] {nemo} Busy work so it looks like government does something important

[11:39] {Threei}  bounce RIMM

[11:39] {Threei}  61 break

[11:39] {magoo} i hate when u are right when i go against ya :)

[11:39] {Threei}  if holding 60.90

[11:39] {Threei}  sorry

[11:40] {Threei}  i hate when u are right {--- guess who you quoted

[11:40] {nemo} invalumdited

[11:40] {nemo} invalumadated

[11:40] {Threei}  yes

[11:40] {nemo} indicted

[11:40] {nemo} no

[11:41] {Threei}  valid again

[11:41] {dino}  out chtt .09, +1.10

[11:41] {Threei}  same condition

[11:41] {Threei}  wtg dino

[11:41] {larisa} gj

[11:41] {dino} :)

[11:42] {dptl} in .03

[11:43] {nemo} in .02

[11:44] {dino} out afam flat

[11:44] {dptl} stopped

[11:45] {nemo} stopped

[11:45] {dino} mkt tanking

[11:45] {Threei}  yup

[11:49] {Threei}  BIIB... takeover rumor

[11:49] {dino} biib

[11:49] {dino} opps

[11:50] {dino} awww sh#t chtt

[11:54] {dino} afam tricked me

[11:54] {wulff} Rimm Vad?

[11:55] {Threei}  not sure

[11:56] {Threei}  market hasn't defined direction yet

[11:56] {Threei}  reversal or continuation down are equally likely

[11:57] {Threei}  F

[11:57] {Threei}  MOODY'S REVISES PROBABILITY OF DEFAULT RATING TO CAA3 FROM CA; OUTLOOK NEGATIVE

[11:57] {Threei}  - Raises long term rating on secured term loan to Caa1 from Ca

[12:01] {Threei}  REPORTEDLY US TREASURY WANTS BANK STRESS TESTS RESULTS HELD UNTIL END OF APRIL, AT THE EARLIEST

[12:02] {Threei}  watching GS for long entry on pullback to 118

[12:03] {dino} afam l .80

[12:03] {Threei}  ICE

[12:03] {Threei}  HEARING ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS

[12:11] {Threei}  sheesh GS

[12:13] {Threei}  no news on financials

[12:14] {Threei}  not sure what's got into them

[12:14] {Threei}  a bit too sudden for just a technical move

[12:15] {dino} ms % wise bigger

[12:26] {Threei}  swamp... nothing to read

[12:29] {dino} supx

[12:29] {dino} too thin

[12:29] {Threei}  PREVIEW: TREASURY'S $6B 10-YEAR TIPS AUCTION RESULTS DUE OUT JUST AFTER 1PM ET

[12:29] {Threei}  - prior auction bid-to-cover was 2.48 times with an average of 2.02 over the last 10

[12:29] {Threei}  - indirect bidders at 47.3% of competitive bids at Jan auction

[12:30] {dino} rrgb

[12:32] {dino} out afam .94 +.14

[12:33] {Threei}  GM is building Segway for two...

[12:33] {Threei}  that for sure will help them out

[12:34] {dino} i know, cnbc pushing it, and i'm thinking no wonder they are in trouble, stupid reporters

[12:35] {dino} and the govt wants them to mke hybrids that nobody buys

[12:35] {dino} great plan

[12:35] {Threei}  yup

[12:35] {Threei}  very green and very baknrupt

[12:37] {dino} govt doesn't get it, it's not about feeling good, it's about money, plain and simple

[12:37] {Threei}  not for socialists, tree0huggers and do-gooders

[12:37] {larisa} I think it is romantic, Segway for two

[12:37] {Threei}  and dino... get with the program... capitalism discredited itself, havnen't you heard?

[12:38] {Threei}  Larisa... you see this thing on TV?

[12:38] {dino} yeah, 200+ years thrown out because on 6 months of tough recession

[12:39] {dino} not even as nice as a golf cart

[12:40] {dino} lod's

[12:40] {Threei}  I want larisa to look at it, then look me in the eyes and repewat that it looks romatic

[12:40] {larisa} I do not have TV vad

[12:40] {larisa} or house.. i am poor

[12:40] {dino} i guess because you have to sit on each other

[12:40] {Threei}  oh

[12:40] {larisa} all i want is segway

[12:40] {larisa} right dino

[12:40] {Threei}  you could glue 300 rose bushes on it, and it still wouldn't look anywhere near romantic {G}

[12:41] {Threei}  I mean... Aztek would look beautful next to this thing

[12:41] {dino} i'd rather a segway too larisa

[12:42] {nemo} That's a lot of thorns 3i

[12:42] {larisa} he likes pain

[12:42] {Threei}  mostly to deliver...

[12:42] {dino} hmmmmmm

[12:42] {larisa} lol

[12:43] {Threei}  and btw, so you wouldn't feel bad, my house is not much to look at either:

[12:43] {Threei}  http://realitytrader.com/vad/h.jpg

[12:43] {larisa} this is romantic!!

[12:44] {Threei}  and the view is unobstructed

[12:44] {nemo} for everybody

[12:44] {larisa} lol

[12:44] {Threei}  right

[12:44] {nemo} too visceral

[12:46] {Threei}  feels like one little pullback, then upward move

[12:48] {dino} 12:50 up

[12:49] {Threei}  GS 119 break long

[12:49] {Threei}  if stays above .80 - .85

[12:50] {ese} there it is again.....TRAGIC topics set by Threei......

[12:50] {Threei}  huh?

[12:50] {Threei}  where do you see that?

[12:51] {ese} Topic set by Threei!RealityTra@jtc-fabf3b6e.gv.shawcable.net on Tue Apr 07 2009 05:47:49 GMT-0700 (Pacific Daylight Time)

[12:51] {ese} am messin with the last word first line

[12:51] {Threei}  lol

[12:52] {ese} shere does that come from......

[12:52] {ese} where

06[12:52] * Threei kicks GS in the rear

[12:52] {ese} too funny

[12:53] {nemo} stopped

[12:53] {Threei}  still swamp...

[12:53] {dptl} ahh...stopped gs

[12:57] {Threei}  grrr

[12:57] {Threei}  shakeout

[12:58] {dino}  whats this "swamp" talk

[12:59] {nemo} RIMM seems to have bottomed

[13:00] {Threei}  that was rude GS

[13:00] {magoo} like you have said..best to take pullbk on it

[13:01] {dino} in bears we wait

[13:01] {ese} indeed

[13:01] {Threei}  US TREASURY'S $6B 10-YEAR TIPS BID-TO-COVER RATIO: 2.25 V 2.48X PRIOR AND 2.02 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei}  - indirect bidders take 26.2% of competitive bids

[13:02] {Threei}  - notes draw 1.58% with 46.5% alotted at the high{TLT}

[13:03] {Threei}  market no likey

[13:05] {Threei}  incredible boredom

[13:05] {Threei}  low volume, slightly red

[13:06] {Threei}  if we finish like this, more and more looks like serious rally brewing

[13:07] {dino} beating continues on the online eds, apol, esi, ceco, cpla

[13:07] {dino} esi-10+

[13:08] {dino} below 50 ma vol.

[13:08] {Threei}  FDA REPORTEDLY PROPOSING TO DELAY MAD COW RULES

[13:09] {dino} vad, you ever check out; www.sharkinvesting.com/volume.aspx

[13:09] {Threei}  why? cows don't want any tules?

[13:09] {Threei}  no... lemme look

[13:11] {Threei}  nice chart

[13:11] {Threei}  I like the visual representation

[13:11] {dino} me 2

[13:12] {dino} wynn

[13:13] {Threei}  GOOG CEO: UNCLEAR HOW DEEP OR HOW LONG RECESSION MAY ENDURE - CONVENTION COMMENTS

[13:13] {Threei}  no?

[13:13] {Threei}  wow... and we thought it was easy

[13:15] {Threei}  interesting how financials are relatilvely strong

[13:21] {larisa} they are drunk frogs in the bog

[13:21] {Threei}  lol

[13:21] {Threei}  nice image

[13:26] {nemo} you see a rally brewing 3i?

[13:26] {Threei}  ?

[13:26] {nemo} You said that earlier, I think, still have the same feeling?

[13:26] {Threei}  see the condition attached?

[13:27] {nemo} I'll look

[13:27] {Threei}  [13:06] {Threei} if we finish like this, more and more looks like serious rally brewing

[13:27] {magoo}  finish

[13:27] {nemo} gotcha

[13:28] {dino} feel that thurs. gaps will fill for dji, s/p

[13:28] {Threei}  wow LVS

[13:28] {Threei}  serious selling pressure

[13:28] {Threei}  what a difference a day makes

[13:29] {dino} wynn -4+

[13:31] {dino} dji filled

[13:38] {Threei}  this is beyond boring

[13:38] {Threei}  and fruitless

[13:38] {Threei}  I didn't expect such sustained seling today

[13:38] {nemo} expectations

[13:38] {dino} perhaps you expect too much

06[13:39] * Threei slaps dino around a bit with a large expectations, starting with DOW 14,000

[13:40] {dino} lol

[13:40] {Threei}  what... that too too much?? :)

[13:43] {Threei}  FAZ bounce scalp .41 long with .45 stop

[13:43] {Threei}  50/50 play

[13:43] {Threei}  sorry, .35 stop

[13:46] {dptl} cat?

[13:47] {Threei}  prettu much market dependent

[13:47] {Threei}  .45 short or .51 long

[13:47] {dptl} ok ty

[13:50] {Threei}  out FAZ

[13:50] {Threei}  1:1

[14:07] {Threei}  (GE) GERMAN GOVT INCREASING CAR SUBSIDIES TO 5B

[14:07] {Threei}  KS... gearing to buy new BMW?

[14:11] {dino}  rrgb l .00

[14:16] {larisa} what a day, too much work for 10 cents 

[14:16] {Threei}  no kidding

[14:17] {dino} chtt back down

[14:21] {Threei}  RIMM, pullback closer to .50 interesting for bouble bottom attempt

[14:23] {Threei}  looks to me like going back to 60 and above... finding entry is a challenge though

[14:26] {magoo} mkts vad into close??

[14:27] {Threei}  up

[14:27] {Threei}  won't go green, mind you

[14:27] {larisa} would be nice if we could finish -40 :)

[14:27] {Threei}  but should stage a bounce into close

[14:27] {magoo} GS might hit 120 magnet

[14:28] {Threei}  and RIMM should go about 60.20 -.30

[14:28] {magoo} took rimm .60

[14:29] {Threei}  this digestion is a killer

[14:29] {Threei}  just won't get resolved

[14:30] {dino} more like indigestion

[14:30] {Threei}  lol

[14:34] {Threei}  looks better RIMM

[14:34] {Threei}  probably not done dancing yet

[14:35] {Threei}  but at least indicates some resemblense of strength

[14:35] {nemo} if it keeps the range are you looking for a break of .80 plus market of course

[14:36] {Threei}  as entry? no, too high

[14:38] {Threei}  lost support

[14:38] {Threei}  no read again

[14:39] {Threei}  JAVA

[14:39] {Threei}  BOARD MEMBERS REPORTEDLY MEETING TOMMOROW OVER IBM TALKS; HAD UNANIMOUSLY REJECTED OFFER

[14:39] {Threei}  why are they meeting then?

[14:39] {Threei}  to slap each other backs in self-congratulatory joy?

[14:42] {dino} celebrate keeping their board seats

[14:49] {Threei}  amazing how market just hibernates today

[14:51] {Threei}  okay... time for recovery, market

[14:52] {Threei}  digestion is almost over

[14:53] {nemo} frickinfakeouts

[14:56] {Threei}  PREVIEW: FEB CONSUMER CREDIT DUE OUT AT 3PMET

[14:56] {Threei}  ** consensue expectation -$3.0Be v +$1.8B prior

[14:57] {Threei}  C

[14:58] {Threei}  picks up some buying, with volume

[15:00] {Threei}  *FEB CONSUMER CREDIT: -$7.5B V -$3.0BE

[15:00] {Threei}  yikes

[15:01] {nemo} Meredith whitney talked about that, how the banks will be yanking a ton of credit

[15:01] {Threei}  I am not sure which it is, banks yanking credit or consumers cutting borrowing

[15:02] {nemo} Banks are definitely cutting credit.  AMEX is paying people to close their accounts

[15:03] {Threei}  Canada is on different planet then

[15:03] {dino}  rrgb stop to .04

[15:03] {Threei}  offers of new credit cards and lines flow non-stop

[15:03] {nemo} where are you from Dagoba

[15:05] {wulff} where are your powers of market persuasion?

[15:05] {Threei}  gotta just start trying RIMM

[15:05] {Threei}  .60 break

[15:05] {nemo} use the frickinforce will you VadER

[15:05] {Threei}  be ready for multiple tries

[15:06] {Threei}  markrt didn't make new low on this last piece of bad news

[15:06] {Threei}  tried to spike vertically just before it

[15:06] {Threei}  all signs of end of day recovery are there

[15:07] {Threei}  RIMM, can start partialling if you want

[15:07] {Threei}  I still am on a hunt for bigger move

[15:08] {magoo} i want point

[15:08] {Threei}  want to sell half around .90 and half around 60.20

[15:08] {Threei}  magoo is even greedier than I am

[15:10] {Threei}  half out .97

[15:10] {Threei}  +.35

[15:11] {dino} to .20

[15:12] {dino} out rrgb .20, +.20

[15:12] {Threei}  wtg

[15:13] {dino} ty

[15:14] {wulff} next break should do it

[15:15] {magoo} read GS VAD!!!!!!!!!

[15:15] {Threei}  none!!!!!

[15:15] {magoo} UUGGGGGGGGGHHHHHHHHHHHHH

06[15:16] * Threei slaps magoo around a bit with a large yellow loudspeaker

[15:16] {Threei}  out 1/4 more RIMM .22

[15:16] {Threei}  +.60

[15:16] {magoo} still in FULL

[15:16] {Threei}  out in full

[15:17] {Threei}  +.70

[15:17] {Threei}  Finally!!

[15:17] {Threei}  can't believe it took so much patience to wait out this play

[15:18] {magoo} out .25 TY

[15:18] {wulff} and I was actually here to participate

[15:18] {Threei}  took it wulff?

[15:18] {wulff} yup 1/2 lot

[15:18] {Threei}  wtg'

[15:18] {Threei}  anyone else?

[15:18] {wulff} +.50

[15:18] {Threei}  except Magoo the Greedy

[15:19] {Threei}  gosh, I miss the market where this kind of play comes around every 15 minutes

[15:19] {wulff} mee too

[15:19] {magoo} cant even recall that

[15:19] {Threei}  this start-and-stop is tiresome

[15:20] {Threei}  BAC

[15:20] {Threei}  CUSTOMERS REPORTEDLY LOOKING TO REINSTATE CASE AGAINST COMPANY OVER ALLEGED ILLEGAL RETRIEVAL OF OVERDRAFT FEES

[15:20] {Threei}  - Reminder on 11/20 California Appeals court has thrown out a $296M overdraft ruling against company - San Francisco judge said that a trial judge erred when she ruled that company was barred from subtracting fees from deposit accounts that contained such gov't benefits.

[15:23] {Threei}  NY FED TO OFFER $37.B IN 28-DAY TSLF AUCTION TOMORROW; WILL ACCEPT SCHEDULE 2 COLLATERAL

[15:23] {Threei}  {TLT SHY}

[15:23] {Threei}  schedule 2 collateral - is it toothbrush?

[15:23] {nemo} used toilet paper

[15:25] {dptl} have a good evening all

[15:26] {Threei}  take care dp

[15:26] {dino} cya dp

[15:26] {magoo} bye dp

[15:30] {Threei}  I'd like one more nice play to fonish the day

[15:30] {Threei}  or finish

[15:30] {Threei}  whichever comes first

[15:31] {Threei}  maybe FAS bounce

[15:31] {nemo} gs bounce

[15:33] {Threei}  actually I like WFC most of them all

[15:34] {Threei}  DNDN...

[15:34] {Threei}  I am about to cry, lol

[15:35] {nemo} JBE

[15:36] {Threei}  NOURIEL ROUBINI: I WILL BE THE FIRST TO CALL A BOTTOM WHEN I SEE ONE - TV INTERVIEW

[15:36] {Threei}  I have too many comments on this one

[15:37] {larisa} your english is rich enough for that? :)

[15:37] {Threei}  not as rich as Russian, mind you

[15:37] {Threei}  but still

[15:38] {wulff} RIMM bounced twice

[15:41] {wulff} rimm going

[15:41] {Threei}  spike out of nowhere

[15:42] {nemo} FAS and GS too

[15:42] {Threei}  in retrospect FAS .35 was it, but nowhere near clear at the moment

[15:42] {wulff} longs used to be scareed at close.

[15:42] {wulff} now the shorts

[15:43] {nemo} yea market jumped 30 points in a minute

[15:45] {nemo} mags might get his point

[15:45] {Threei}  we are finishing in modest red, but the volume is bigger than I would prefer to confidently call it bull flag

[15:45] {Threei}  no way

[15:45] {dino} apol sm l .98

[15:45] {Threei}  mags, don't do it

[15:45] {Threei}  I'll burst of envy

[15:50] {nemo} G making another bounce of .80

[15:52] {nemo} wullff I guess the shorts arent covering on GS

[15:52] {wulff} the are no shorts in GS

[15:53] {nemo} is GS one of those sancrosanct stocks?

[15:54] {wulff} jesus stock

[15:54] {nemo} figures

[15:54] {Threei}  holy cow stock?

[15:54] {nemo} well, no fun if you can't short it

[15:55] {wulff} you can, but not recc

[15:55] {nemo} Hey Larisa, maybe -140

[15:55] {larisa} not good enough :( 

[15:55] {nemo} what's recc?

[15:56] {wulff} not reccomended

[15:56] {nemo} Why, praytell?

[15:56] {wulff} institutional favorite

[15:58] {wulff} FAZ....

[15:58] {larisa} AA opening earnings season at 4 PM :)

[15:58] {nemo} That'll be fun to watch

[15:59] {dino} apol sm overnight

[15:59] {Threei}  AA earnings... yeah

[15:59] {nemo} publish them please VAD

[16:01] {Threei}  okay... hopefully it's not in an hour

[16:01] {Threei}  thank you all

[16:01] {larisa} any minute now :)

[16:01] {Threei}  have a good evening

[16:01] {Threei}  see you tomorrow

[16:01] {nemo} P&Q

[16:01] {Threei}  AA players, stay put

[16:01] {vint} good evening all

[16:01] {fernp} good evening all

[16:01] {Threei}  vint :)

[16:01] {Threei}  take care fern

[16:02] {dino} not a great close

[16:02] {Threei}  no

[16:02] {Threei}  not a great day by any standard

[16:02] {Threei}  doesn't fit into bull flag

Apr 06 2009

Overall nice even so uneven day. some stops, some wins, including nice 50 cents move on RIMM. Closer to end of day we go the market rythm just right by reading the upcoming pattern of shakeout and spike. This pattern repeated itself a few time bringing plays on FAS, WFC, BAC and even such an unlikely candidate as F.

 

Session Time: Mon Apr 06 00:00:00 2009

[08:01] {nemo} GM

[08:13] {Threei}  Good morning sleepless

[08:14] {nemo} you too

[08:14] {Threei}  is there news I don't see on DNDN or people just lost their minds?

[08:14] {cosmo} JAVA too

[08:14] {Threei}  well, JAVA story is clear

[08:14] {Threei}  DNDN is all but

[08:15] {nemo} wishful thinking?

[08:15] {cosmo} JAVA heals?

[08:15] {Threei}  only if there is new suitor on horizon or if IBM indicates it's ready to return to the table

[08:16] {Threei}  04/05/09 05:27pm

[08:16] {Threei}  [JAVA] Sun Microsystems, Inc. Breaks off talks with IBM in recently speculated $7B acquisition - WSJ

[08:16] {Threei}  - Sun's Board has reportedly rejected IBM's offer of $9.40/per share as too low

[08:16] {Threei}  - Unclear whether talks could be reopened, said to be "on brink of collapse"

[08:16] {nemo} RIMM a bit weak 

[08:30] {Threei}  *(CA) CANADIAN FEB BUILDING PERMITS M/M: -15.9% V -4.0%E

[08:30] {Threei}  - Prior M/M revised from -4.6% to -6.0%

[08:30] {Threei}  wow

[08:30] {Threei}  die loonie

[08:30] {cosmo} weather?

[08:31] {larisa} good morning :)

[08:31] {Threei}  estimation takes weather into account

[08:31] {Threei}  larisa :)

[08:31] {larisa} vad, cosmo :)

[08:31] {cosmo} lars:)

[08:35] {larisa} wet snow here.. not much, but unpleasant :)

[08:36] {cosmo} i like snow

[08:36] {cosmo} ...sorry

[08:36] {larisa} lol

[08:38] {Raven} here too larisa ... most unpleasant

[08:38] {larisa} lets send it all to cosmo :)

[08:39] {Raven} I agree

[08:39] {cosmo} :)

[08:39] {cosmo} waiting

[08:39] {Raven} don't hold your breath :)

[08:39] {Threei}  Raven :)

[08:39] {Threei}  flowers in full bloom here

[08:40] {Threei}  and plum trees

[08:40] {Raven} ohforgod'ssake

[08:40] {Threei}  sorry

[08:40] {Threei}  actually... no, I am not

[08:40] {Raven} {------ looking for trout

[08:41] {Raven} actually, the crocus are blooming here ... the dumb ones anyway ...

[08:41] {Threei}  lol

[08:46] {Threei}  DNDN is typical hope stock

[08:46] {Threei}  aka widowmaker

[08:46] {cosmo} JAVA holds 6.50   ...it seems

[08:47] {Threei}  buyers are beting on FDA happy outcome

[08:47] {Threei}  FDA says no, this thing opens at 3 at best

[08:48] {nemo} RIMM could be a play today if the market goes south.  Big gap to close

[08:48] {nemo} Dino kinda' stock

[08:50] {Threei}  is there any over-weekend developments causing gap down?

[08:50] {Threei}  I don't really see any

[08:50] {Threei}  unless I missed them, and this is just a gap, chances are very high for recovery and hew highs

[08:50] {nemo} In RIMM, no?  but, there was such a jump a couple of days ago...plenty of room for profit taking

[08:51] {Threei}  no, I am talking about market

[08:51] {Threei}  RIMM is RIMM

[08:51] {Threei}  95% of the time it goes with market

[08:52] {Threei}  and that room for profit-taking is too obvious and too temntoign to offer real potential

[08:52] {Threei}  tempting

[08:52] {pita} gm everyone

[08:52] {Threei}  pita :)

[08:54] {cosmo} JAVA pre mkt high = 6.80 so far   fwiw

[08:58] {Threei}  04/06/09 07:59am

[08:58] {Threei}  Calyon Analyst Mike Mayo makes negative comments on US banking sector - recap

[08:58] {Threei}  - Banks are expected to continue facing fallout from the credit crunch, with loan losses across all structured asset classes to increase from 2.0% to 3.5% by end of 2010.

[08:58] {Threei}  Future pretax profits will suffer from further wrirtedowns.

[08:58] {Threei}  - US government help remains a wild card as it can both over regulate the industry and can have banks retain toxic assets on balance sheets.

[08:58] {Threei}  - Mark-to-mark accounting will bring only short term relief and does nothing to fundamentally change the situation.

[08:58] {Threei}  - Expects earnings to be below market consensus.

[08:59] {Threei}  00:31am IMF's Strauss-Kahn: Expects the recovery to start in US in the first half of 2010 - Le Figaro

[09:00] {dptl} good morning

[09:01] {Threei}  dp :)

[09:02] {patience} good morning RT   :)

[09:02] {Threei}  patience :)

[09:05] {fernp} Hello everybody

[09:06] {Threei}  fern :)

[09:07] {Threei}  (US) TREASURY EXTENDS APPLICATION DEADLINE FOR TOXIC ASSET PLAN BY TWO WEEKS, TO 4/24

[09:07] {Threei}  - New deadline for legacy security fund managers is 4/24, prelminiary decision to come 5/15

[09:07] {Threei}  - May open program to smaller fund managers following initial approvals.

[09:07] {Threei}  - Fund managers will be chosen on their ability to raise $500M in capital and their level of experience.

[09:07] {Threei}  - Initial fund managers will also need to have $10B in assets under management.

[09:07] {Threei}  - Notes that $25B in TARP funds will be used to expand TALF; $75B for legacy assets and securities will be divided based on market demand.

[09:07] {Threei}  - Legacy securities PPIP will initially include pre-2009, non-agency, non-commercial, residential MBS

[09:07] {Threei}  this sounds very bizarre to me

[09:10] {magoo} morning

[09:10] {Threei}  magoo :)

[09:11] {ese} morning

[09:11] {Threei}  ese :)

[09:13] {dino} gm all

[09:13] {ese} well.....what say ye .......up market ...or....dn market

[09:13] {Threei}  dino, welcome back

[09:13] {ese} dino

[09:14] {KSystems} dino :O)

[09:14] {dino} thx

[09:17] {dino} you make any $ while i was out ?

[09:18] {ese} indeed....best trading week i've ever had

[09:21] {dino} great to hear es

[09:21] {dino} you've been in the zone

[09:22] {ese} tks.....what were you up too/....golfing at Mertle beach

[09:22] {ese} I was last week for sure

[09:22] {elepet} good morning

[09:22] {Threei}  elepet :)

[09:22] {ese} ele

[09:23] {Threei}  DNDN is really crazy

[09:23] {nemo} Any strategy this morning? 3i

[09:23] {Threei}  waiting out first minutes

[09:24] {Threei}  want to get a feel for what mode we are into,

[09:24] {dino} golf and foreclosure mission

[09:24] {Threei}  retreat to encourage bears and shut the trap by rally resumtion

[09:24] {Threei}  or

[09:24] {Threei}  bump onto highs and fall

[09:24] {ese} ahhhh

[09:25] {Threei}  my personal feeling so far is it's the former

[09:25] {Threei}  but we will see

[09:26] {ese} vad can you have a look at JAVA 1 min chart.....thinking about a play if it breaks either side of the .50 to ,70 range

[09:26] {Threei}  makes sense chart wise, ese, but JAVA is also news play

[09:27] {ese} tks......

[09:27] {cosmo} ... which needs to hold 6.50  imo

[09:27] {Threei}  [08:16] {Threei} 04/05/09 05:27pm

[09:27] {Threei}  [08:16] {Threei} [JAVA] Sun Microsystems, Inc. Breaks off talks with IBM in recently speculated $7B acquisition - WSJ

[09:27] {Threei}  [08:16] {Threei} - Sun's Board has reportedly rejected IBM's offer of $9.40/per share as too low

[09:27] {Threei}  [08:16] {Threei} - Unclear whether talks could be reopened, said to be "on brink of collapse"

[09:27] {ese} tks

[09:28] {Threei}  to me, bias is on the short side

[09:28] {Threei}  unless new suitor appears

[09:28] {ese} rats...theres the breakout there...before opening

[09:28] {dino} think it was 4 area before bid

[09:29] {Threei}  yeah, just under 5

[09:31] {Threei} Long Setup:  WFC  .55 break if stays above .40

[09:31] {nemo} thats what I call sitting out a few minutes...sheehs

[09:31] {Threei}  invalidated, and becomes a bounce candidate

[09:32] {Threei}  it is, because this trigger wasn't likely to come around right away

[09:32] {Threei}  but I need to alert you in advance

[09:34] {Threei}  .30 break long if holding .20

[09:35] {dptl} in

[09:35] {Threei}  on the way back?

[09:36] {dptl} stopped

[09:36] {fernp} stopped

[09:37] {dino} lgcy?

[09:37] {magoo} LVS too

[09:38] {Threei}  LVS acts as salmon

[09:38] {dino} going private proposal, lgcy

[09:38] {Threei}  DNDN... sheesh

[09:38] {dino} 14/unit

[09:38] {magoo} DNDN

[09:38] {magoo} sorry

[09:39] {Threei}  (US) SEC'S SCHAPIRO: TO CONVEN ROUNDTABLE ON SHORT SELLING PROPOSALS

[09:40] {wulff} rimm

[09:40] {Threei}  scary one: DNDN .20 break if stays above 7

[09:40] {Threei}  for gamblers only

[09:41] {nemo} Rimm hitting resistance?

[09:42] {nemo} nope

[09:42] {dptl} in dndn .22

[09:43] {dino} amed

[09:43] {Threei}  half out DND above .40

[09:43] {Threei}  and hold second half

[09:43] {Threei}  for something like .60 - .70

[09:44] {Threei}  if you prefer scalp, you don't need my instructions

[09:45] {dptl} cat?

[09:46] {Threei}  no read on CAT

[09:46] {dptl} stopped dndn

[09:47] {Threei}  INVESTOR GEROGE SOROS: PRIMACY OF THE USD IS BEING QUESTIONED, SYSTEM MUST BE REFORMED SO US IS SUBJECT TO SAME DISCIPLINE AS OTHER COUNTRIES

[09:47] {dino} soros was short $ got killed

[09:48] {Threei}  sour grapes?

[09:48] {dino} he always does this when his trades go bad

[09:49] {Threei} Long Setup:  WFC  .40 break if stays above .30

[09:49] {Threei}  if loses it, watch for entry around .20

[09:50] {nemo} oops

[09:52] {Threei}  market still hasn't decided what it wants

[09:53] {Threei}  RIMM is the only thing that knows for sure

[09:54] {Threei}  [08:52] {Threei} that room for profit-taking is too obvious and too tempting to offer real potential

[09:54] {Threei}  earlier comment on RIMM

[09:56] {wulff} come on WFC

[09:58] {Threei}  ROCHDALE INITIATES BAC WITH BUY, PRICE TARGET: $14 (TIMING UNCERTAIN)

[09:58] {Threei}  - likely pre-open

[09:58] {Threei}  hmmm

[09:58] {Threei}  you first rochdale

[09:59] {Threei}  WFC 1:1

[09:59] {Threei}  half out or scalp

[09:59] {fernp} out TY

[09:59] {Threei}  GERN

[09:59] {wulff} took it

[09:59] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY RECEIVE GOVT GRANT AND A POTENTIAL ROYALTY DEAL WITH PFE

[09:59] {Threei}  {PFE}

[09:59] {dptl} half out

[10:01] {dptl} where is stop for balance?

[10:01] {Threei}  under .40

[10:01] {dptl} ty

[10:03] {wulff} you see LVS

[10:03] {Threei}  yeah

[10:03] {Threei}  MGM too

[10:03] {wulff} oops for us

[10:04] {Threei}  WFC 1:2

[10:06] {Threei}  GERN has that look

[10:06] {nemo} RIMM looks like it's setting up for a short

[10:09] {dptl} out some more wfc

[10:10] {dptl} stop under .45?

[10:10] {Threei}  US TREASURY" PRINCIPAL RESCUE FUNDS WILL NOT BE PERMITTED TO PURCHASE TROUBLED ASSETS FROM AFFILIATED FIRMS; HEDGING STRATEIGES ALLOWED FOR PROTECTING AGAINST INTEREST RATE RISKS

[10:10] {Threei}  yes

[10:12] {wulff} sheesh RIMM

[10:13] {Threei}  yeah, RIMM is "play against obvious"

[10:13] {wulff} I am still swinging it

[10:17] {Threei}  UAUA unusual strength

[10:17] {wulff} LVS wont pull back

[10:18] {dptl} all out wfc

[10:19] {nemo} ow...look what happened to jnpr

[10:20] {Threei}  JNPR is bounce play here

[10:20] {Threei}  .20 break long if stays above .15

[10:22] {dino}  fwiw, watching trv, cb, amed, afam, idxx

[10:22] {dino} schw too

[10:22] {wulff} how was golf Dino?

[10:23] {dptl} still valid?jnpr?

[10:23] {dino} good time

[10:24] {Threei}  not unless goes through new consolidation

[10:24] {Threei}  a few moves between .15 and .20

[10:24] {dptl} ok ty

[10:26] {dino} schw l .75

[10:26] {dino} stop .63

[10:26] {Threei}  CSIQ

[10:26] {Threei}  WINS BID TO A RURAL ELECTRIFICATION PROJECT IN CHINA

[10:27] {Threei}  TOTAL ORDER SIZE AT 1.6MW

[10:27] {Threei}  - selected in a competitive bidding process to supply solar panels for 80,000 solar home systems for rural households in Sichuan province of China.

[10:27] {Threei}  - This project was initiated and financed by China''s Ministry of Agriculture and the Sichuan Provincial Government. The solar home systems are rated for a peak capacity of 20 Watts each. A system of this size can power two lights and a small TV. The delivery of the 80,000 units will be completed by April.

[10:27] {nemo} RIMM losing a little steam

[10:30] {ese} everything loosing a litle steam

[10:30] {nemo} me too

[10:31] {dino} hl s spy .83, stop .03

[10:33] {Threei}  XING... long time no see

[10:35] {wulff} jnpr bounce

[10:35] {Threei}  MOODY'S REPORT: EASTERN EUROPE WILL SEEL $140B IN DEBTS IN 2009; SOVERIGNS WILL NEED TO REFINANCE FURTHER DEBTS

[10:36] {Threei} Long Setup:  RIMM  .50 break

[10:36] {Threei}  if stays above .35

[10:37] {dptl} in

[10:39] {Threei}  (US) SEC: WILL BE REVIEWING 4 PROPOSALS REGARDING SHORT SELLING RULES

[10:39] {Threei}  2 cents shy of 1:1??

[10:39] {Threei}  come on

[10:39] {dino} cov spy .88, -.05 markets confusing

[10:39] {Threei}  - All open proposals to be reviewed April 8, 2009

[10:41] {Threei}  let's be stingy and trail RIMM to under .40

[10:41] {dino} cb l .44, stop .28

[10:42] {Threei}  BAC gets traction

[10:42] {Threei}  RIMM finally 1:1

[10:42] {dptl} out 2/3

[10:42] {Threei}  half out .70

[10:43] {Threei}  stop to .45

[10:43] {dino} axys

[10:43] {Threei}  out 1/4 more

[10:43] {Threei}  .90, +.43

[10:44] {Threei}  umm... +.37

[10:44] {wulff} good eyes

[10:44] {Threei}  my math abilities...

[10:44] {nemo} must have gone to harvard

[10:44] {dino} gj 3i

[10:44] {Threei}  ty

[10:45] {Threei}  tystop to under .80 last portion

[10:45] {dptl} all out .97 ty

[10:45] {Threei}  offering 62.05

[10:45] {Threei}  BAC

[10:45] {Threei}  pullback to .45 interesting for entry

[10:46] {Threei}  direct hit on RIMM

[10:47] {Threei}  out last part +.52

[10:48] {Threei} Long Setup:  FCFS  .25 break half lot

[10:49] {Threei}  stop under .10

[10:50] {ese} bstop AAPL .00

[10:51] {ese} change that ....get rid of the bystop

[10:51] {ese} gonna go long at .01 APPL

[10:52] {ese} the waqy that thing moves i'd get a crappy fill

[10:52] {Threei}  good-looking setup

[10:52] {ese} Long

[10:53] {nemo} what's your stop Ese?

[10:53] {ese} .80

[10:54] {ese} moves/jumps around like a wildabeast

[10:54] {nemo} or do you mean cudu, ese?

[10:54] {nemo} :)

[10:55] {nemo} go ahead, smack me ese

[10:55] {ese} OUT ..stopped .79.....

[10:56] {ese} piece  ahhhhhhh....^%$^#^%^

[10:56] {Threei}  .79?

[10:56] {ese} obviously the stop was too close

[10:56] {Threei}  I haven't seen any prints there

[10:57] {ese} showed .79 on mine vad so ipulled the trigger

[10:57] {Threei}  weird... bottomed out at .80

[10:57] {nemo} yeah, I see .80 on laser

[10:58] {ese} thats what i got filled at and 200shs at .81

[10:58] {Threei}  hate to say it but it looks like your broker is, ummm

[10:58] {ese} ya....i'm not really happly with these people

[10:59] {dino} schw stop to .87

[11:00] {magoo} vbad FCFS..u want to see the ,25 eaten up 

[11:00] {dino} out schw .89, +.14

[11:00] {ese} gonna give it another shot at .00 though....i think....Q's look to be botoming out

[11:00] {Threei}  that big offer must be taken

[11:00] {nemo} think it's real?

[11:01] {dino} or is it memorex

[11:01] {Threei}  you with your thinking thingy again... {G}

[11:01] {nemo} that's "live"

[11:01] {nemo} ah geez

[11:01] {Threei}  it is or it is not...

[11:02] {nemo} I was better off when I was following the other thingy around

[11:04] {nemo} remember the glass breaking commercial, Dino, ese

[11:05] {dino} cb stopped -.16

[11:06] {dino} waiting

[11:06] {dino} gaps around 7776, 1252, 811

[11:08] {magoo} is there news AAPL vad?

[11:08] {Threei}  nothing fresh

[11:09] {magoo} ok..just rotting with mkt

[11:09] {dino} cb rinse

[11:11] {Threei} Short Setup: CAT  .62 if stays under .70

[11:11] {dptl} in

[11:12] {Threei}  1:1, covering half

[11:13] {Threei}  stop to .66

[11:13] {Threei}  scalpers are scalpers

[11:15] {dptl} didnt get my .50.....may be now?

[11:16] {Threei}  hard to tell, matket shows some strength

[11:16] {Threei}  CAT stays inept though

[11:18] {dptl} stopped

[11:18] {magoo} u like RIMM for a bounce??

[11:22] {Threei}  not sure

[11:25] {magoo} i took .59

[11:26] {nemo} nice mags

[11:28] {dino} cb l .20

[11:30] {magoo} out .75

[11:31] {Threei}  wtg

[11:31] {magoo} may reload it

[11:31] {dino} axys sm l .85

[11:31] {magoo} prob going to 63 today

[11:34] {dptl} ah...cat cat cat....o well

[11:34] {dino} amed sm l .00

[11:34] {ese} L AAPL 

[11:34] {ese} .98

[11:35] {ese} stop will be .80 again

[11:38] {ese} MMMMAAAAAAGGGGGGGGSSSSS.....how in the H...do you trade this stock

[11:39] {ese} not stopped yet

[11:40] {dino} lol ese, thats my white whale

[11:41] {ese} great....now ya tell me

[11:42] {dino} amed stopped

[11:43] {ese} FHHHHHHHHHH.............no comment

[11:44] {nemo} How's it going quequag

[11:45] {ese} had enough of fat APPL for the day.........

[11:48] {magoo} i havent touched it today

[11:51] {dino} cb stopped done w/it

[11:54] {Threei} Short Setup: RIMM  .50 break if stays under .65

[11:56] {ese} I may never touch it again......

[11:56] {dptl} in rimm

[11:56] {nemo} in

[11:57] {magoo} in

[11:58] {Threei}  not a scalp to me

[11:58] {Threei}  there is a lot of air under this support

[11:58] {Threei}  stop is tight enough, want to try and squeeze a bit more out of it

[11:59] {Threei}  we got 50 cents out of RIMM on a long side

[11:59] {Threei}  don't see any reason not to try for comparable move on the short

[11:59] {dino} trv l .70

[12:01] {Threei}  market suddenly strengthened

[12:02] {magoo} out

[12:02] {magoo} .60

[12:02] {Threei}  market suddenly weakened

[12:05] {Threei}  market turned into water torture

[12:05] {nemo} waterboarding

[12:06] {Threei}  no worky RIMM

[12:06] {dptl} stopped rimm

[12:08] {dptl} gonna take a break...

[12:19] {Threei}  CITIGROUP: JAVA/IBM HAS BETTER ODDS OF GETTING DONE BECAUSE JAVA IS NOT LIKELY TO FIND ANOTHER BUYER - TIMING UNCERTAIN

[12:19] {Threei}  {IBM}

[12:19] {nemo} going for your title again Vad

[12:19] {Threei}  if they are not likely to find anothe suitor, why did they reject the offer

[12:20] {nemo} Yahooitis

[12:20] {Threei}  exactly

[12:20] {nemo} scary

[12:20] {Threei}  YHOO offer by MSFT was what, in 30s?

[12:20] {nemo} 33

[12:20] {Threei}  heh

[12:20] {nemo} think so

[12:23] {Threei}  wqatching FAZ for pullback into 17, for long entry

[12:25] {Threei}  MCO

[12:25] {Threei}  TICKS LOWER AFTER CONNECTICUT AG CONFIRMS PROBE INTO MAJOR RATINGS AGENCIES

[12:25] {Threei}  {MHP}

[12:25] {Threei}  poor Moody

[12:26] {Threei}  quite tempting to short

[12:26] {ese} Long FITB avg .10

[12:26] {Threei}  .50 closest resistance

[12:26] {Threei}  .43 current low

[12:26] {Threei}  8-10 cents stop

[12:26] {dptl} mco?

[12:27] {Threei}  yes

[12:28] {Threei}  if goes above .50, just ignore it, hard to tell how much of the news is priced in

[12:29] {dino} they are finally getting to this ratings garbage

[12:31] {dptl} Vad..still waiting for fcfs?

[12:32] {Threei}  funny but yes

[12:32] {dptl} consolidating .20-.25 now

[12:33] {Threei}  well, .20 is way to tight for this stock

[12:33] {magoo} RIMM animal

[12:33] {Threei}  no kidding

[12:34] {Threei}  can you think of better illustration of going against the obvious?

[12:34] {magoo} 63 easy today

[12:35] {nemo} 63.10 or thereabouts was the high on Friday

[12:38] {Threei}  grrr

[12:38] {Threei}  missed FAZ

[12:38] {Threei}  got distracted by going over other charts

[12:38] {Threei}  anyone got it near 17?

[12:41] {magoo} not ui

[12:41] {magoo} i

[12:42] {nemo} no volume to speak of today

[12:46] {Threei}  yes... and if stays trhis way, it's a rally continuation in the making

[12:47] {nemo} yep

[12:50] {dino}  trv stop to .82

[12:54] {magoo} rimm gonna do it'

[12:54] {magoo} in .60

[12:54] {dptl} missed it lol fcfs

[12:55] {dptl} waiting all morning and missed

[12:56] {dino} trv to .92

[12:56] {magoo} rimm exit .93 waiting

[12:57] {dino} out trv .95, +.25

[12:57] {magoo} out RIMM

[12:58] {magoo} ty vad

[12:58] {Threei}  sure thing

[12:58] {Threei}  lol

[13:00] {magoo} AAPL wants greenland

[13:00] {Threei}  (IA) IRANIAN PRES AHAMADINEJAD: PREPARED FOR CREATION OF A REGIONAL CURRENCY

[13:00] {Threei}  FED'S WARSH: PANIC IS ABATING'

[13:01] {Threei}  out FCFS

[13:01] {magoo} es gionna be mad..in aapl from .38

[13:01] {Threei}  .44 and .42

[13:01] {magoo} my first time

[13:02] {Threei}  we already know dp slept though its break... anyone got it?

[13:02] {dptl} out vmc+.25...... out cat +.22

[13:02] {Threei}  okay... you are vindicated :)

[13:02] {dptl} :)

[13:05] {ese} hey mags....god luck with it

[13:05] {dptl} l dndn.68

[13:05] {ese} i'm outa here for the day all...see ya tomorow....still long FITB

[13:05] {magoo} im waiting .87

[13:05] {Threei}  take care ese

[13:12] {dptl} out dndn +.14

[13:12] {Threei}  dp got his game back

[13:12] {dptl} positive now

[13:12] {magoo} kickin AAPL

[13:12] {magoo} ouch

[13:12] {Threei}  that's some kick

[13:12] {magoo} hurt myself

[13:15] {dptl} fcfs nice....waiving me back from up there..

[13:15] {magoo} vad..help kick it

[13:18] {magoo} vad.............assistance paalllllease

[13:18] {Threei}  I am trying mags

[13:18] {magoo} u using spiked boots?

[13:18] {Threei}  but I confused sides and kicked it in the front I suspect

[13:18] {Threei}  so gottaundo the damage first

[13:21] {magoo} ah..TY OUT

[13:21] {magoo} .85

[13:21] {Threei}  whew

[13:21] {magoo} was out there..never even saw it print but heard it

[13:22] {Threei}  because of original mistake I had to do double amount of kicking

[13:22] {magoo} was wonderin why it dropped

[13:22] {Threei}  sorry

[13:22] {Threei}  but they should wear some kind of brooch

[13:22] {Threei}  indicating the front

[13:38] {Threei}  US DEFENSE SEC GATES DISCLOSES DETAILS OF PENTAGON BUDGET PROPOSALS; INCREASING BUDGET $300B OVERALL

[13:38] {Threei}  - LMT's Presidential Helicopter program to be ended, F-22 program to be halted at 187 jets

[13:38] {Threei}  - Boeing's airborne laser to be limited to one test plane

[13:38] {Threei}  LMT dropped like a stone of that

06[13:45] * magoo slaps laserdave around a bit with a large trout

[13:46] {Threei}  why not

06[13:46] * Threei slaps laserdave around a bit with a large magoo

[13:47] {magoo} arte u calling me "large"?

[13:47] {Threei}  purely for the purpose of slapping

[13:49] {nemo} market's making a comeback

[13:53] {dptl} long dndn .86 

[13:53] {Threei}  XING

[13:53] {Threei}  AGREE TO PURCHASE FROM THE THREE NOTEHOLDERS ALL OF THE OUTSTANDING CONVERTIBLE NOTES OF QIAO XING MOBILE COMMUNICATION CO., LTD.

[13:53] {Threei}  XING is moving on that

[14:00] {Threei}  out of finnies, BAC looks stronger

[14:00] {Threei}  if they finally get game, this would be my choice

[14:02] {magoo} if they get going i like jpm

[14:02] {magoo} can be a mover

[14:02] {magoo} but not asnasty as GS

[14:12] {Threei}  don't know mags

[14:13] {Threei}  not the strongest one

[14:13] {magoo} WFC trying vad

[14:14] {Threei}  this one is holding better than your average finnie

[14:14] {Threei}  still, neds general upward thrust

[14:14] {Threei}  needs

[14:16] {dptl} stopped dndn -.08

[14:16] {Threei}  trying to determine my take on F

[14:17] {Threei}  chart wise 3.50 break was a long trigger

[14:17] {Threei}  considering how it's in the center of all the political/financial storms, wasn't so sure

[14:17] {Threei}  but it does hold nicely so far

[14:18] {Threei}  looks like the only game in town to remain trading among automakers

[14:18] {Threei}  so money pours in

[14:18] {magoo} WFC WFC

[14:20] {Threei}  ICE

[14:20] {Threei}  REACHES MILESTONE WITH CDS; CLEARS $70B IN NORTH AMERICAN CDS IN FIRST FOUR WEEKS

[14:20] {Threei}  - COO "The first month of CDS clearing operation represents an important milestone for the financial markets in reducing systemic risk, and was due in large part to efforts by the industry and regulators to increase confidence, transparency and standardization,"

[14:20] {Threei}  I don't get it

[14:21] {Threei}  how come this thing doesn't move on getting CDS business

[14:21] {Threei}  - ICE began clearing CDS index contracts on March 9 through ICE Trust

[14:21] {Threei}  - ICE Trust cleared 613 transactions totaling $71B of notional value, and resulting in $12.7B of open interest

[14:24] {magoo} vad..the question of the day

[14:24] {Threei}  up or sideways

[14:25] {Threei}  with 55/45 in favor of up

[14:26] {dino} doesn't make sense, obviously business has grown, thats 71 b they never had

[14:27] {Threei}  that's how I see it

[14:27] {Threei}  yes stock won't react

[14:27] {Threei}  yes = yet

[14:30] {Threei}  F... feels to me like this thing wants to close over 4

[14:32] {Threei}  mags

[14:33] {Threei}  if you want WFC, this pullback is it

[14:33] {Threei}  first sttrength from here, stop under .30 or .25

[14:34] {Threei}  for ultra-hard-core-scalpers, stop .39... but that's a rare breed

[14:34] {dino} schw l .80 stop lod

[14:35] {Threei}  I mean, thnouse whould have boguth 1 zillion shares and sold them at .44-.45 already {G}

[14:40] {Threei}  okay... if my feel for the end of day is right, market is about to start ramping up

[14:40] {Threei}  and if wrong then, accordingly, not

[14:41] {nemo} well if you're wrong, it'll either be flat from here or down

[14:41] {Threei}  feels to me like last shakeouts before reversing to the upward and leaving hesitant crowd in the dust

[14:42] {dptl} any candidates?

[14:42] {Threei}  WFC, as long as holding above .30

[14:42] {magoo} how about RIMM?

[14:43] {nemo} what .40?

[14:43] {Threei}  RIMM yes in general but can't find a setup on it

[14:43] {Threei}  closest support is .15 but it's not very reliable

[14:44] {Threei}  simply up with market or down with market kjind of thing

[14:44] {dptl} in wfc .41

[14:44] {Threei}  WFC, again if I am right, going to return to .50 and break it

[14:44] {magoo} right..but if mkts powerup..64 and nmear 65

[14:45] {cosmo} JAVA 6.66 test?

[14:45] {Threei}  JAVA

[14:45] {Threei}  - ICE began clearing CDS index contracts on March 9 through ICE Trust

[14:45] {Threei}  - ICE Trust cleared 613 transactions totaling $71B of notional value, and resulting in $12.7B of open interest

[14:45] {Threei}  hmm

[14:45] {Threei}  S&P PUT RATINGS ON ON CREDITWATCH DEVELOPING

[14:45] {Threei}  just out on JAVA

[14:45] {fernp} stop in WFC is still below .30?

[14:46] {Threei}  there are two support levels on WFC, .30 and .25

[14:46] {Threei}  both ar valid

[14:46] {fernp} ty

[14:46] {Threei}  F... unusual play... .90 break

[14:46] {Threei}  very much feels to me like wants to go over 4

[14:48] {dptl} in .91 f

[14:48] {Threei}  also, if market really starts inching toward the highs, GE is another candidate

[14:48] {dptl} stop under .80 f?

[14:48] {Threei}  yes

[14:48] {Threei}  hard to find setup on GE, too much digestion

[14:49] {Threei}  let's say .96 with stop under .90

[14:49] {Threei}  but may require a few tries

[14:49] {Threei}  see the market

[14:49] {Threei}  ?

[14:49] {Threei}  those sharp red bars were fakeouts

[14:50] {Threei}  scare last handful of fearful, and depart leaving them on the station

[14:50] {Threei}  WFC nears .50

[14:51] {Threei}  F high .98 so far

[14:51] {Threei}  will gnaw on it and will chew through it, IMO

[14:51] {Threei}  GE over 11

[14:52] {Threei}  market spike

[14:52] {Threei}  am I good or what

[14:52] {Threei}  modest too

[14:52] {Threei}  WFC .50 be taken

[14:53] {Threei}  maybe with one more pullback, but it will take it

[14:53] {Threei}  GE went nice over 1:1

[14:54] {dino}  good read vadster

[14:54] {Threei}  ty

[14:54] {Threei}  RIMM moved nicely

[14:54] {Threei}  I bet mags grabbed that one

[14:55] {dino} yes

[14:55] {Threei}  really?

[14:55] {Threei}  how did I know :)

[14:56] {Threei}  F

[14:56] {Threei}  new high

[14:56] {magoo} :)

06[14:56] * Threei slaps magoo around a bit with a large chart of uptrending market

[14:56] {magoo} i think 65 today

06[14:57] * Threei slaps dptl around a bit with a large troika of winning calls in a row

[14:57] {Threei}  next spike is coming

[14:57] {Threei}  ugh.... ese would appreciate F call with 10K lot

[14:58] {Threei}  he would have made hiw $1,000 on this one

[14:58] {dptl} can't get m6y 4

[14:59] {nemo} tell wfc to give up 1:1

[14:59] {nemo} thank you

[14:59] {Threei}  it just did

[15:00] {nemo} ge on pullback vad

[15:01] {Threei}  closer .95

[15:01] {Threei}  hesitant here

[15:02] {dino} out gxdx .,93 +.13

[15:03] {dptl} i scrud up wfc....0

[15:03] {dptl} stil in ford

[15:05] {dptl} my god....why am i doing this...........out flat ford

06[15:05] * dptl slaps dptl around a bit with a large trout

[15:05] {nemo} you like pain?

06[15:06] * larisa slaps nemo around a bit with a large trout

[15:06] {dptl} down again ....

[15:06] {Threei}  come on...

[15:07] {Threei}  3 calls, ones to 1:2 almost, one to 1:1, one to almost 1:1

[15:07] {Threei}  and even now as we speak all three are above entry points

[15:07] {Threei}  how do you lose on that??

[15:07] {Threei}  nice ambush larisa

06[15:08] * nemo tickles larisa with a large feather

[15:08] {larisa} just protecting dp a little

[15:08] {larisa} wow

[15:08] {nemo} you hurt my feelings.

[15:08] {larisa} lol

[15:09] {dino} man that ice drops like pulp

[15:10] {dino} hang in there dp, don't overstay or overthink

06[15:11] * nemo was only asking dptl a question LARISA!

[15:13] {Threei}  anyone understands that XING news?

[15:13] {Threei}  if it's really significant, then by chart it's ready for re-entry

[15:13] {Threei}  [13:53] {Alert} Threei XING

[15:13] {Threei}  [13:53] {Alert} Threei AGREE TO PURCHASE FROM THE THREE NOTEHOLDERS ALL OF THE OUTSTANDING CONVERTIBLE NOTES OF QIAO XING MOBILE COMMUNICATION CO., LTD.

[15:14] {Threei}  - Signed agreement to purchase from the three noteholders (DKR SoundShore Oasis Holding Fund Ltd, CEDAR DKR Holding Fund Ltd and Chestnut Fund Ltd) $30M of the outstanding convertible notes in principal of Qiao Xing Mobile Communication Co., Ltd ("Qiao Xing Mobile") for an aggregate purchase price of $24M

[15:14] {nemo} FAS coming into support

[15:14] {Threei}  WFC too

[15:15] {nemo} bounce play on either?

[15:15] {Threei}  on all of them, if market reverses

[15:15] {Threei}  F too

[15:16] {Threei}  GE is one of the stronger

[15:16] {dino} amed l .21

[15:17] {magoo} what a BLITZ in mkts

[15:17] {nemo} left me behind

[15:17] {Threei}  all pullbacks are shakeouts

[15:17] {Threei}  anyone got any of those?

[15:17] {fernp} no here

[15:18] {dawg} got WFC ty Vad

[15:18] {Threei}  WFC and FAS were the most spectacular

[15:18] {Threei}  dawg :)

[15:18] {dawg} Yes

[15:19] {Threei}  MEREDITH WHITNEY: NOT BULLISH ON FINANCIALS; REITERATES WOULD TAKE SOME BANK SHORTS OFF TABLE AHEAD OF EARNINGS - CNBC

[15:19] {nemo} is that what did it?

[15:19] {Threei}  not sure

[15:21] {Threei}  http://finance.yahoo.com/techticker/article/225897/Geithner's-Stress-Test-

[15:23] {Threei}  one more pullback and next spike is coming

[15:25] {Threei}  MEREDITH WHITNEY: NOT BULLISH ON FINANCIALS; REITERATES WOULD TAKE SOME BANK SHORTS OFF TABLE AHEAD OF EARNINGS - CNBC

[15:25] {Threei}  - sees bank issues languishing into 2010, banks may make money in Q1

[15:25] {Threei}  - Forecasting Peak to trough housing price decline of 50% (40% prior forecast); sees the recent 'recovery' in housing as the 'head fakes of all head fakes

[15:25] {Threei}  STT??

[15:28] {Threei}  JAVA

[15:28] {Threei}  REPORTEDLY COMMITTED TO GROWTH STRATEGY; LEADERSHIP STAFF

[15:28] {Threei}  uhhu

[15:29] {Threei}  "we screwed up, what else can we do now but yap about our grows strategy"

[15:29] {magoo} RIMM 

[15:30] {magoo} out RIMM .96

[15:30] {magoo} :)ty boss

[15:31] {Threei}  hmmm

[15:31] {Threei}  okay... welcome

[15:31] {magoo} 65 comith

[15:31] {magoo} back in .64

[15:31] {magoo} out .24 lol

[15:32] {Threei}  this is quite the way for the market to shake out

[15:33] {Threei}  look how often it did it today

[15:33] {Threei}  gut-wrenching pullback, then sudden spike

[15:33] {dptl} out dndn+.10 +.17......

[15:33] {magoo} nice read on market shake and bake vad

[15:35] {Threei}  HIG

[15:35] {Threei}  one more strng candidate

[15:35] {Threei}  most likely for tomorrow

[15:37] {dptl} have a good evening all.....

[15:37] {nemo} Things slowing?

[15:37] {larisa} bye dp

[15:37] {Threei}  take care dp

[15:37] {dino} gj dp

[15:38] {Threei}  not necessary slowing, but become less readable

[15:38] {nemo} WFC didn't want to broach .50 in any meaningful way

[15:38] {Threei}  end of day is likely to be

[15:38] {Threei}  nervous

[15:38] {nemo} then I'm in tune with the market

[15:38] {Threei}  preotect ya tings, as they say in the Bahamas

[15:38] {nemo} is there a market condom?

[15:38] {nemo} whoa!

[15:39] {nemo} wfc lost it's tings

[15:39] {nemo} bounce on this

[15:42] {cosmo} LGCY 13 test

[15:42] {cosmo} wall

[15:43] {Threei}  PALM looks impressive, I have to say

[15:44] {Threei}  with any market/RIMM help, thing is aiming for 10

[15:44] {Threei}  ting

[15:44] {dino} out schw .92, +.12

[15:50] {Threei}  so far, read was correct: sideways to upside

[15:50] {magoo} yes..and very helpful TY'

[15:51] {Threei}  you are welcome

[15:51] {Threei}  {--- is unusually and uncharacteristrically polite

[15:51] {magoo} i can trade those remarks

[15:51] {magoo} and do

[15:51] {Threei}  I know

[15:51] {Threei}  tyou manage to derive something out of them

[15:51] {Threei}  comes with experience

[15:52] {magoo} thats why i ask everyday

[15:52] {dino} vad singing hendricks' are you experienced

[15:52] {magoo} not to bother u..u seem to have very good read on these things

[15:53] {magoo} arca down

[15:53] {Threei}  closes at high

[15:54] {Threei}  PALM

[15:55] {magoo} bats down..arca down

[15:55] {Threei}  hmm?

[15:56] {nemo} bad weather in the NE

[15:56] {magoo} exchanges 

[15:58] {Threei}  nice close and nice volume increase into upward march

[15:58] {Threei}  looking forward for tomorrow's resumption

[15:58] {dino} axys out .96, +.19 all day

[15:59] {Threei}  better than p[oke in the eye

[15:59] {Threei}  okay guys, thank you all

[15:59] {larisa} later all :)

[15:59] {Threei}  have a good evening, see you tomorrow

Apr 03 2009

Somewhat strange day. Most stocks acted against normal patterns and brought nothing but stops, while momentum mover DNDN obeyed like clockwork - all calls on it were right on target, both long and short.

Session Time: Fri Apr 03 00:00:00 2009

[08:15] {Threei}  BALTIC DRY BULK INDEX -2.1% (18TH STRAIGHT DECLINE)

[08:16] {nemo} RIMM keeps going

[08:23] {Threei}  keeping an eye on LVS

[08:27] {magoo} moprning

[08:27] {nemo} morn mags

[08:28] {Threei}  magoo :)

[08:30] {Threei}  MAR UNEMPLOYMENT RATE: 8.5% V 8.5%E

[08:30] {nemo} coincided wit FAS popping

[08:30] {Threei}  *MAR CHANGE IN NONFARM PAYROLL: -663K V -660KE; CHANGE IN MANUFACTURING PAYROLLS: -161K V -162KE

[08:30] {Threei}  *MAR AVERAGE HOURLY EARNINGS M/M: 0.2% V 0.2%E; AVERAGE WEEKLY EARNINGS: 33.2 V 33.3E

[08:32] {magoo} in line..they street was expecting worse

[08:36] {cosmo} always

[08:36] {nemo} RIMM just keeps going

[08:38] {patience} good morning RT, it is only Wednesday for those who went to the Bahamas, 2 more days of work for them

[08:40] {Threei}  Good morning, lol

[08:41] {cosmo} GILD: # Gilead says blood pressure drug met trial goalsAP(Fri 7:15am)

[08:41] {magoo} vad..easy ? here...wheres support to go long RIMM?

[08:41] {Threei}  lol

[08:41] {Threei}  at 35

[08:41] {magoo} TY :)

[08:41] {Threei}  sure :)

[08:44] {vinod} GM to all:)

[08:44] {nemo} you buyin' GM vinod?

[08:44] {pita} gm everyone

[08:45] {cosmo} we all own GM

[08:45] {Threei}  vinod, pita :)

[08:45] {nemo} another one  :)

[08:45] {vinod} Nothng buying but have 500 SRS from yesterday at 46.00

[08:48] {vinod} when you have some time lke your opinion about GLW-vad have 4000 in my IRA at $2..00 brought long ago

[08:50] {Threei}  at 2?

[08:51] {Threei}  I don't see it being at 2 ever

[08:51] {vinod} yes. my wife used to work there low was at 1.00

[08:51] {Threei}  wow

[08:51] {vinod} she got laid off in 2001

[08:51] {Threei}  I see

[08:51] {Threei}  well, this is way too long term for me... sorry, I don't have much to say about it

[08:52] {Threei}  I'd be out in, umm... 2005? :)

[08:52] {vinod} i have many stock in my IRA since 2000

[08:53] {vinod} will discuss later on off line

[08:54] {Threei}  honestly, this kind of investements is not my cup of tea...

[08:55] {magoo} vad..wheres RIMM short?

[08:55] {magoo} seriously?

[08:55] {magoo} will it give back 5 points?

[08:56] {Threei}  shrug

[08:59] {cosmo} HOLX?

[09:00] {Threei}  no fresh news

[09:00] {cosmo} k

[09:01] {cosmo} hmmm

[09:06] {larisa} good morning :)

[09:06] {Threei}  larisa :)

[09:06] {larisa} threei :)

[09:08] {Threei}  (US) FED'S KOHN: "WE'RE NOT OUT OF THE WOODS YET," BELIEVES FED MAY NEED TO DO MORE TO INCREASE THE FLOW OF CREDIT

[09:08] {Threei}  - The US economy is very weak, will likely remain that way "for a while."

[09:08] {Threei}  - Sees a risk of rising real fed funds rate, deflationary spiral

[09:08] {Threei}  - There is "incredibly large" unused capacity in the US economy.

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:16] {ese} morning

[09:16] {Threei}  ese :)

[09:16] {ese} morning vad

[09:17] {ese} any sense of the mrket yet....up, dn ?

[09:17] {Threei}  not really

[09:17] {Threei}  was up slightly, now down slightly

[09:21] {nemo} jnpr hanging their from yesterday, could be a short candidate

[09:23] {ese} have been re reading "how to scalp any market"...have a question for you....a couple of the scalp examples were for 3000 buy at .50 sell .54 etc...do you prefer those round numbers .50 and .00...because institutions focus on them

[09:24] {ese} they tend to provide significant resistant points

[09:24] {Threei}  well, most of support/resistance levels to break and trigger the trade happen to be around those

[09:24] {ese} so they are most likely to breakout a little harder?

[09:24] {Threei}  it's not often that we see alerts like "12.23 break long"... ratjer 12.20 or 12.25

[09:25] {ese} yes

[09:25] {Threei}  stocks naturally tend to foop or bottom out at those nombers rather than at .03 or .07

[09:25] {Threei}  to top

[09:26] {ese} institutional thing??

[09:26] {Threei}  nah

[09:26] {Threei}  just the weay we think

[09:26] {Threei}  way

[09:26] {Threei}  we don't assign targets for our exits at 25.63

[09:27] {Threei}  25.50 - we do

[09:27] {ese} yes

[09:27] {Threei}  so those supports and resistances get formed where we decide to exit or enter

[09:28] {dptl} good morning all

[09:28] {Threei}  dp :)

[09:29] {ese} have had the best trading 2 weeks of my life thanks to that book....have just had the courage to go with 2000/3000 shs lots and it really is safer

[09:29] {Threei}  I am really happy to hear that

[09:30] {ese} although...I cannot tell a lie i've been swing trading FITB

[09:30] {i2romantis} yes we saw that, and FITB worked out well this week

[09:30] {i2romantis} which book are you referring to, ese?

[09:32] {magoo} good dump RIMM vad

[09:32] {Threei}  [09:23] {ese} have been re reading "how to scalp any market"..

[09:32] {Threei}  need it to form something, mags

[09:32] {ese} "How To Scalp any Market ^ Profit Consistently"...vads book

[09:32] {Threei}  it's too removed from all normal points of reference

[09:33] {Threei}  without it forming new ones, it's just a crapshoot

[09:34] {ese} looking for EBAY on pullback

[09:34] {Threei} Long Setup:  FAZ  .10 break if stays above 17.95

[09:35] {Threei}  invalidated

[09:35] {Threei}  LVS... waiting for pullback and not getting it

[09:37] {i2romantis} nice DRYS move

[09:37] {ese} same with Ebay

[09:37] {ese} opps now getting it

[09:38] {Threei} Long Setup:  JNPR  17 break

[09:38] {Threei}  fro scalpers stop under .90, for day traders under .80

[09:38] {ese} Long ebay .31

[09:38] {magoo} in

[09:39] {ese} out ebay .43 +.12

[09:39] {larisa} whats with PLD

[09:39] {Threei}  no news

[09:40] {Threei}  US) WHITE HOUSE'S ROMER: THERE IS NO QUESTION THE ECONOMY IS STILL SICK, STRONG ACTION STILL NEEDED

[09:40] {Threei}  - Obama Administration policies are just starting to work, fiscal policy has a three to six month lag.

[09:40] {Threei}  US DEPT OF LABOR'S SOLIS: UNCLEAR WHEN US WILL SEE A 'TANGIBLE' IMPROVEMENT IN JOBS - CNBC

[09:40] {Threei}  hmm?

[09:41] {Threei}  starting to work - may not see improvement in jobs?

[09:41] {Threei}  I am yet to understand how that reconciles

[09:41] {cosmo} ...wit productivity

[09:41] {cosmo} with

[09:42] {dptl} in jnpr .00

[09:43] {nemo} in 

[09:44] {Threei}  RIMM

[09:44] {Threei}  pullback into .40 - .50 zone for long entry

[09:44] {Threei}  fast fingers only

[09:44] {nemo} not me then

[09:45] {magoo} pre mkt highs 63 area

[09:46] {Threei}  if you caught it, start exiting here

[09:46] {magoo} in

[09:50] {ese} L AMAT pullback .60

[09:51] {nemo} jnpr holding in nas weakness

[09:51] {Threei}  salmon

[09:51] {nemo} strong current though

[09:55] {Threei}  CBST

[09:55] {Threei}  no news...

[09:59] {Threei}  CBST drop into .40 - .50 for entry, half lot

[10:00] {Threei}  MAR ISM NON-MANUFACTURING COMPOSITE: 40.8 V 42.0E

[10:00] {dptl} stopped jnpr

[10:00] {Threei}  yeah, lost will to live

[10:01] {nemo} stopped

[10:02] {Threei}  CEDC, pullback into 14 for long entry

[10:03] {ese} out AMAT -.50 -.10

[10:04] {Threei}  nice juicy offer at .10

[10:04] {Threei}  gives us an idea for entry

[10:06] {dptl} where would be stop for cedc?

[10:07] {Threei}  under what it forms as support on this pullback

[10:07] {Threei}  LVS

[10:07] {Threei}  .66 long

[10:07] {Threei}  if holding above .55

[10:08] {nemo} cbst setting up a short vad?

[10:08] {Threei}  not suree

[10:08] {Threei}  I'd prefer long

[10:08] {nemo} big jump yesterday 

[10:09] {Threei}  everything did big jump yesterday...

[10:09] {nemo} yeah

[10:09] {Threei}  unless you set to short market today, hat's npt the reason to short any given stock :)

[10:10] {nemo} no I'm looking at the chart on LASER

[10:13] {Threei}  LVS setup changes

[10:13] {Threei}  .56 if holding above .50

[10:14] {nemo} in lvs

[10:16] {dptl} in.58

[10:17] {Threei}  not much enthusiasm...

[10:18] {Threei}  come on LVS, enough games

[10:23] {Threei}  no worky

[10:23] {dptl} stopped

[10:25] {fernp} long BAC if break .33, Vad?

[10:26] {Threei}  not sure...

[10:26] {Threei}  way too narrow today

[10:26] {Threei}  would require serious market move to give anything worthy

[10:26] {Threei}  and things fdon't seem too hot today so far

[10:26] {Threei}  ratjer like market taking a breather

[10:27] {fernp} ok thanks

[10:27] {Threei} Long Setup:  RIMM  59 break

[10:27] {Threei}  if holding above 58.80

[10:28] {dptl} in

[10:28] {magoo} in

[10:30] {nemo} in

[10:32] {dptl} ahhhh...stopped

[10:32] {nemo} stopped

[10:32] {Threei}  sidways action... not much works so far

[10:35] {nemo} jnpr building a range if we ever see strength

[10:37] {dptl} gild? short?

[10:38] {Threei}  on .50 break?

[10:38] {Threei}  could be

[10:38] {dptl} ye

[10:40] {ese} maybe   I should tell you I'm swing trading again......I know I know...it's blasphemy  but I'm Long FITB at .97...10000shs

[10:44] {ese} out .09  fitb

[10:44] {Threei}  wtg

[10:44] {ese} +.12

[10:44] {ese} tks

[10:44] {Threei}  not sure why you call it swing trading... sounds like typical scalp type I to me

[10:45] {Threei}  GILD over 1:1

[10:45] {dptl} so fast didn't get it

[10:45] {ese} bought it at the open.......holding it too long...

[10:45] {dptl} try on pulol back may be?

[10:46] {Threei}  if bounces into resistance, sure

[10:49] {dptl} ok in .48

[10:50] {dptl} stop over .60?

[10:50] {Threei}  yeah

[10:50] {dptl} ok ty

[10:53] {Threei}  sigh

[10:53] {dptl} stopped

[10:53] {Threei}  no rythm to anything

[11:01] {magoo} anyone think mkts can go green today?

[11:01] {wulff} long RIMM .90

[11:01] {Threei}  I think they will mags

[11:01] {magoo} hmmmmmm..today?

[11:02] {Threei}  yup

[11:02] {wulff} too many anxious shorts still

[11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?

[11:03] {Threei}  bears, IMO

[11:03] {nemo} bears

[11:03] {wulff} I am bull and I am nervous

[11:12] {Threei}  FAZ formed 18 - 18.20 range

[11:14] {ese} L 

[11:15] {ese} FITB .04

[11:15] {ese} 10000 shs

[11:15] {Threei}  nice

[11:15] {Threei}  ese turns ionto hardcore scalper

[11:15] {Threei}  what a transformation

[11:16] {ese} don't know about that......real tight stop though....   .02

[11:18] {dptl} cedc at .40 long??

[11:18] {Threei}  wow

[11:19] {Threei}  weren't we hunting for it between 14 and 14.10?

[11:19] {dptl} yeh 

[11:19] {Threei}  this is exit area

[11:19] {Threei}  not entry

[11:20] {dptl} crm?

[11:21] {Threei}  chart's right

[11:21] {Threei}  day is not very conducive to breakouts

[11:21] {Threei}  can't tell really

[11:21] {dptl} i see

[11:22] {dptl} i think i just trying to get all loses back as soos as posible

[11:23] {Threei}  don't push

[11:23] {Threei}  look at NQ

[11:23] {Threei}  or DJI

[11:23] {Threei}  do you see any pattern right now?

[11:23] {nemo} yeah, the patient is dead

[11:23] {Threei}  FAZ tightened range to .10 .20

[11:24] {Threei}  feels like .20 break should be tradeable

[11:24] {ese} back in about 15 min

[11:24] {Threei}  stop under .10

[11:24] {dptl} in

[11:28] {dptl} stopped

[11:29] {wulff} you said yesterday "pullback is coming in lower volume"

[11:29] {wulff} Where do you check that?

[11:30] {Threei}  in what?

[11:30] {nemo} RIM in a pretty consistent range so far

[11:30] {wulff} qqqq?

[11:30] {nemo} RIMM

[11:30] {wulff} Market...

[11:30] {Threei}  NQ... QQQQ...

[11:33] {Threei}  anyone played CEDC?

[11:33] {magoo} forgot about it

[11:33] {fernp} no here

[11:34] {nemo} nope

[11:38] {Threei}  FISV

[11:38] {Threei}  REPORTEDLY SEVERAL HUNDRED CLIENTS ARE SEEKING UP TO $1.0B FOR LOSSES DUE TO THE MADOFF SCANDAL

[11:38] {Threei}  was FISV one of feeder funds?

[11:41] {wulff} Rimm consolidating

[11:42] {Threei}  (US) PRESIDENT OBAMA: IF NATO BECOMES EVERYTHING, THAN IT IS NOTHING

[11:42] {Threei}  very Zen

[11:47] {nemo} so, does rimm go through 59 again, or just a tease?

[11:47] {wulff} my powers of tea leaves say a tease

[11:47] {nemo} so far so good wulffy

[11:48] {Threei}  NQ went green

[11:52] {Threei}  wow PALM

[11:52] {Threei}  elepet, you still have it?

[11:55] {ese} Back....and out FITB .16 +.12

[11:55] {Threei}  wtg

[11:56] {ese} tks

[11:56] {Threei}  made your monthly salary from the day job today eh?

[11:57] {ese} 1/2 of it.......thank you vad

[11:57] {Threei}  :)

[11:58] {ese} I'm buying the vodka next time!

[11:58] {magoo} vad..u watching STT?

[11:58] {Threei}  looked aqt it couple times

[11:58] {Threei}  don't like it at all

[11:59] {magoo} oh..i was thinking bouncer

[12:01] {Threei}  HIG is climbing

[12:01] {Threei}  FED CHAIR BERNANKE: PROGRAMS DESIGNED TO BE UNWOUND; CLOSELY MONITORING BANKS LEVELS RESERVES; TALF ELIGIBLE SECURITIES LIKELY TO EXPAND

[12:01] {Threei}  PLD is too

[12:01] {Threei}  no clean setups on any

[12:02] {Threei}  FED'S KOHN: THE FED WOULD LIKE TO HAVE THE OPTION TO ISSUE ITS OWN BILLS

[12:02] {Threei}  huh?

[12:02] {nemo} Paper trading or Legal tender

[12:03] {nemo} Must be debt

[12:06] {Threei}  pullbacks on PLD into .30 and on HIG into .25 would be interesting

[12:10] {Threei}  PLD says yeah right

[12:11] {nemo} watching FAZ for bottom?

[12:11] {nemo} RIMM S 59 break?

[12:11] {nemo} double bottom on Faz

[12:11] {Threei}  FAZ no

[12:12] {Threei}  market feels to me like mostly climbing

[12:13] {Threei}  HIG pulled back to .27

[12:13] {Threei}  a bit too fast for confident entry

[12:23] {Threei}  12:21pm [DNDN] Ticking higher, hearing strength attributed to scheduling of talk on Provenge results at conference

[12:25] {dptl} pld?

[12:26] {Threei}  canb't find any setups to read

[12:26] {Threei}  general direction is more or less readable, entries aren't

[12:31] {magoo} aapl read here vad?

[12:31] {Threei}  wow DNDN

[12:31] {magoo} if mkts go up i like it

[12:32] {Threei}  you said it

[12:32] {Threei}  what can I add

[12:33] {Threei}  I'll be darned, DNDN looks like going to 6

[12:34] {Threei}  ese... any new entry on FITB coming?

[12:35] {ese} hi vad........not sure.....wasn't watching...was doing up a math exam for one of my classes this afternoon

[12:36] {Threei}  DNDN... any questions? lol

[12:36] {Threei}  anyone just went for it?

[12:36] {ese} sold NVDA today as well  for $3000 ...you may remember that I bought that back in October.....

[12:37] {dptl} cat?

[12:37] {Threei}  yes, remember NVDA

[12:37] {ese} been a $5000 and a bit day

[12:37] {Threei}  6 on the nose DNDN

[12:37] {Threei}  and above

[12:37] {nemo} going for 7 or 8?

[12:37] {Threei}  don't know... 6 was very clear

[12:38] {dptl} cat?

[12:38] {Threei}  it just goes iwht market dp

[12:38] {dptl} ok ty

[12:40] {Threei}  strong pullback DNDN

[12:41] {ese} Vad.....I like to enter FITB after those long consolidations you make note of in the scalping book...ie from 11:00am to 11:34

[12:42] {ese} this morning

[12:42] {ese} sorry market time not victoria time

[12:50] {Threei}  these sudden spikes on FITB after pullbacks indicate that it's far from over, IMO

[12:51] {Threei}  DNDN stabilized

[12:51] {magoo} where u likeentry long?

[12:51] {Threei}  I'd say 5.60 break if holding 5.50

[12:51] {magoo} i meant FITB

[12:52] {Threei}  don't know on FITB

[12:53] {Threei}  but DNDN is over 1:1

[12:53] {Threei}  1:2 I mean

[12:55] {Threei}  I mean 1:3

[12:58] {Threei}  if I say "I mean 1:4", any furniture will be thrown at me?

[12:58] {nemo} too far away....

[12:58] {nemo} I'll send you a virus laden jpg

[12:58] {Threei}  anyone took it?

[12:59] {ese} can you actually put a virus in a jpeg?

[12:59] {nemo} Magoo Ill bet

[12:59] {nemo} yes ese

[12:59] {nemo} when you click on a jpg to view it, you're actually executing a program

[13:11] {magoo} vad..any read skf down here?

[13:14] {Threei}  nah

[13:22] {vint} good afternoon all, looks like I missed some fun

[13:23] {Threei}  not really vint

[13:23] {Threei}  tough to read day

[13:23] {nemo} basically a "flossing with barbed wire" morning

[13:23] {vint} so it is one of those Fridays..i guess

[13:24] {Threei}  yes, unless you caught those couple nice winners that were all but easy to catch

[13:26] {Threei}  hmmm... I thought DNDN was done

[13:27] {ese} signing off....have a great weekend all....

[13:27] {Threei}  take care ese, great job today

[13:28] {magoo} RIMM vad??

[13:29] {Threei}  no idea

[13:30] {magoo} GS??

[13:31] {Threei}  SEC: EVALUATING TWO OPTIONS SIMILAR TO THAT OF THE UPTICK RULE; WILL VOTE ON PROVISIONS ON APRIL 8

[13:31] {Threei}  - Also considering options on retricting short sales

[13:31] {Threei}  mags, what are you doing?

[13:32] {Threei}  you really want me to start calling them all left and righta?

[13:32] {magoo} just want u take a look at them

[13:32] {magoo} give opinion

[13:32] {larisa} vad???

[13:33] {Threei}  how about this:

[13:33] {Threei}  I'll see you all on Monday

[13:33] {magoo} i think RIMM takes 60

[13:33] {larisa} just wanted to make you nervous with all these question marks :)

[13:33] {Threei}  that's what they do

[13:33] {larisa} exactly

[13:33] {larisa} need to use them carefuly, both ?? and !!

[13:35] {Threei}  trades either come to us or not. Last thing you need is to pressure me into calling what is not there

[13:36] {vint} I agree ..I had forced trade ahter hrs on RIMM..and burnt my fingers dearly

[13:36] {vint} yesterday

[13:36] {Threei}  short?

[13:36] {vint} yep

[13:37] {Threei}  ouch

[13:37] {vint} was too eager to jump on

[13:37] {vint} big lesson learned

[13:37] {nemo} Hey Vad, just asking for education, I see a short on RIMM if it falls below .80 but long if it goes over 60

[13:37] {Threei}  arbitrary picking tops or bottoms...

[13:37] {magoo} i had i long after hours 51 cut 54..but way early

[13:38] {Threei}  looks right to me, nemo - providing market supports at the moment

[13:38] {nemo} yes, thanks, 

[13:39] {Threei}  DNDN formed same setup once again

[13:39] {Threei}  5.50 - 5.60

[13:40] {nemo} that would be 3 times to the well

[13:40] {dptl} in dndn .63

[13:40] {Threei}  it hit 1:1 while you were typing that, nemo {G}

[13:41] {nemo} well, today is officially my fault

[13:42] {nemo} just got rejected short selling rimm, huh

[13:42] {nemo} wrong routing

[13:43] {Threei}  ?

[13:43] {Threei}  how did you route it??

[13:43] {nemo} tried GETCO...bad idea

[13:45] {Threei}  DNDN over 1:1

[13:46] {nemo} GILD moving too

[13:46] {Threei}  this is third call on DNDN, all winners

[13:47] {Threei}  granted, first one was tough

[13:47] {Threei}  pure intuitive, no technical criteria

[13:47] {nemo} yeah, you didn't actually call that

[13:47] {Threei}  but second and third were clean

[13:47] {nemo} You said, I think, "Did anyone...."

[13:47] {nemo} can't argue with the second 2 also, if it clears .80 back in volume supported of course

[13:48] {Threei}  don't think... copy/paste:

[13:48] {Threei}  [12:33] {Threei} I'll be darned, DNDN looks like going to 6

[13:48] {dptl} out .74 ..ty

[13:49] {nemo} Now, RIMM is headed for sixty, kinda' but pretty verticle, would it be better to see some consolidation under 60 first?

[13:50] {Threei}  of course

[13:51] {Threei}  don't buy into spike into resistance

[13:53] {nemo} jnpr

[13:53] {nemo} no volume though

[13:54] {Threei}  if DND takes .80

[13:54] {Threei}  most likely to go over 6 at some point today again

[13:54] {Threei}  DNDN that was

[13:54] {Threei}  entry here is scary

[13:54] {nemo} yep

[13:54] {Threei}  but if gives us a pullback

[13:54] {dptl} still have 100 sh

[13:54] {Threei}  will be worth considering again

[13:55] {Threei}  try to hold them

[13:55] {Threei}  not much damage if drops

[13:55] {Threei}  I mean... 13 bucks?

[13:56] {Threei}  over 1:2 btw

[13:57] {dptl} getting rimm at 60?

[13:58] {Threei}  if market spikes, worth a try

[14:00] {_george70} hi

[14:00] {Threei}  hi george

[14:00] {nemo} curious george-about the trading room?:)

[14:01] {Threei}  DND, clearing .85 this time should take it to new range between .90 and 6

[14:01] {Threei}  DNDN

[14:01] {dptl} in rimm

[14:02] {Threei}  I don't see much help from NQ at the moment

[14:03] {Threei}  I ptrefer this kind of plays on market spike and little delay for entry on your stock

[14:03] {Threei}  DNDN is working hard

[14:04] {dptl} ahh....stopped...feels like i don't know what i am doing anymore

[14:04] {dptl} rimm that is

[14:04] {nemo} it was a trap

[14:05] {Threei}  [13:58] {Threei} if market spikes, worth a try

[14:05] {Threei}  why ignore the condition attached?

[14:05] {dptl} well..it looked like it was coming up and rim slowly broke

[14:06] {Threei}  you want the lag play for these cases

[14:06] {Threei}  WHITE HOUSE ADVISOR GOOLSBEE: NEW CEO HENDERSON 'EMBRACING' NEW CHANGE IN DIRECTION FOR THE COMPANY

[14:06] {Threei}  anyone kniows what that new direction is?

[14:07] {nemo} liquidation?

[14:07] {Threei}  gallow humor

[14:07] {nemo} jnpr has been salmoning again, kinda'

[14:08] {Threei}  if it's "make small green cars whether people want to buy them or not" - that's what will finish GM off

[14:11] {larisa} green is color of hope :)

[14:11] {nemo} it's the color you turn when you're seasick too

[14:14] {Threei}  FAZ... poor thing has no bottom

[14:15] {Threei}  weird... looked like they would meet with FAS somewhere around 1-12

[14:15] {Threei}  now it's more like 8

[14:15] {Threei}  maybe 9

[14:18] {nemo} FAS forming C&H over last week

[14:19] {magoo} faz dishes out pain

[14:19] {nemo} hehehehehe

[14:20] {dptl} dndn

[14:25] {Threei}  F EXEC: IT IS PREMATURE TO EXPECT AN AUTO INDUSTRY RECOVERY THIS MONTH

[14:25] {Threei}  this mopnth?

[14:25] {nemo} fas looks like it might be topping

[14:25] {magoo} sheesh

[14:26] {Threei}  who expected that anyway?

[14:26] {Threei}  lol

[14:28] {magoo} vad quoteserver?

[14:29] {Threei}  7

[14:29] {magoo} ty

[14:29] {Threei}  FAZ new 52 low

[14:29] {Threei}  FITB is going to break .20

[14:36] {Threei}  if I were smart today, we would have entered FITB around .10 with 5-10K shares

[14:36] {Threei}  and let trade for .20 break

[14:36] {Threei}  but I today am anaything but

[14:36] {Threei}  excpet for DNDN trades

[14:37] {magoo} financialsstrong today

[14:39] {Threei}  GM CEO: BANKRUPTCY HAS NOT BEEN RULED OUT - FT

[14:39] {Threei}  - Note: Recently GM has noted there are many ways forward including pre-packaged bankruptcy, and willing to consider bankruptcy if they cant restructure out of court

[14:40] {Threei}  where is dino... when in thw fall GM said suddenly "bankruptsy is not an option" we yelled in unison "that's the end of GM"

[14:41] {larisa} he is smart and playing golf today:)

[14:42] {Threei}  gues with whom

[14:42] {Threei}  my bet is, with Rick Wagoner

[14:42] {larisa} lol

[14:42] {Threei}  who is smart too, and has all the time for golf he needs now

[14:43] {nemo} jnpr came all the way back and is up

[15:00] {Threei}  DNDN!

[15:00] {Threei}  no read from here dp

[15:00] {Threei}  feel free to exit as you see fit

[15:01] {Threei}  that was CNBC mention

[15:01] {dptl} amm......

[15:01] {Threei}  this kind of things can wear off quickly

[15:01] {nemo} just a minute ago

[15:02] {nemo} need to keep an eye on it as a short

[15:02] {dptl} dont know what to say.......i was out   earlier 

[15:03] {dptl} can't beleive this

[15:03] {Threei}  I thought we agreed you are holding last shares with original stop'

[15:03] {Threei}  which was never hit

[15:04] {Threei}  [13:54] {dptl} still have 100 sh

[15:04] {Threei}  [13:55] {Threei} try to hold them

[15:04] {Threei}  [13:55] {Threei} not much damage if drops

[15:04] {Threei}  [13:55] {Threei} I mean... 13 bucks?

[15:04] {dptl} i was...and then it second time touched .63 i got out

[15:04] {Threei}  US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT EXCHANGE

[15:06] {dptl} ah....need a break or somthing

[15:06] {nemo} see a short here on DNDN

[15:06] {Threei}  I don't

[15:06] {Threei}  not yet

[15:06] {Threei}  it consolidates near the high

[15:07] {Threei}  US TREASURY HAS REPORTEDLY BEGUN TALKS WITH CHRYSLER ON POTENTIAL DEBT FOR EQUITY EXCHANGE REQUIRED TO AVOID BANKRUPTCY AND MOVE FOWARD ON FIAT ALLIANCE

[15:07] {Threei}  - Reminder the Fiat CEO recently commented that the alliance would allow US loans to repaid faster

[15:08] {Threei}  OK, now that it retreated, watch for bounce back closer to high,

[15:08] {nemo} and then short the top of that

[15:08] {Threei}  then breaking 6.10 for a short trigger

[15:08] {Threei}  or what you said

[15:09] {Threei}  depending on agressiveness

[15:09] {nemo} why .10?

[15:09] {Threei}  that was support on first drop

[15:09] {Threei}  kind of runied that setup now

[15:09] {Threei}  ruined

[15:09] {Threei}  too volatile for exact entries

[15:10] {Threei}  amazing it gave us those two setups with merely 10 cents range

[15:11] {nemo} set up back?

[15:12] {Threei}  no

[15:12] {Threei}  quite muddy here

[15:12] {nemo} yeah, where'd that spike come from

[15:13] {nemo} you're upside down BB bottom

[15:17] {Threei}  a lot of pressure in it

[15:18] {Threei}  hate shorting this kind of runners while they are hot

[15:18] {nemo} Ehh...just short a few thousand over the weekend

[15:18] {nemo} NOT

[15:27] {Threei}  looks like cooling down

[15:27] {Threei}  .20 break short if stays under .30

[15:30] {dptl} in .18

[15:30] {nemo} broke too fast

[15:30] {Threei}  over 1:1

[15:36] {magoo} like 4:1

[15:36] {Threei}  DNDN

[15:36] {Threei}  RESPONDS TO MARKET RUMORS; UNCLEAR WHY STOCK HAS PERFORMED AS IT HAS

[15:36] {Threei}  rofl

[15:36] {nemo} guess when it consolidated for a moment above .10 was another entry...sheesh

[15:37] {Threei}  this one I played like violin today

[15:37] {Threei}  too bad that was the only one, lol

[15:37] {Threei}  dp... tell me you just covered it

[15:37] {Threei}  or still haven't

[15:40] {dptl} Vad....don't ask....today i did all posible mistakes....banging my self at the table ....i got out at brake even??????? don't know why

[15:41] {Threei}  AFFIRMS PLANS TO RELEASE DATA BY END OF APRIL

[15:41] {Threei}  - Notes it has no new data for its Provenge vaccine

[15:42] {Threei}  if there is no new data, what is it they plan to release?

[15:43] {nemo} James  Dendreon secured a late-breaker presentation slot for the Provenge study at the American Urological Association annual meeting, April 25-30.

[15:43] {nemo} A late-breaker presentation is offered for clinical trials or other research that are completed and submitted after the deadline for regular abstract submission is passed. While late-breaker presentation slots are usually reserved for important or high-profile research, they ARE NOT reserved solely for positive research. I have personally sat through many late-breaker presentations of failed clinical trials. In science, you can often learn 

[15:43] {nemo} Since we already know that the Provenge data will be released later this month, the fact that the results will be presented at a scientific meeting at the end of the month doesn't tell you a whole lot about whether Provenge works or not. 

[15:46] {Threei}  what is that?

[15:46] {nemo} lifted from blogs on TSCM

[15:46] {Threei}  oh boy

[15:46] {nemo} columnists.  It might be much ado about nothing

[15:47] {nemo} guy name Adam Feuerstein-biotech guy (supposedly)

[15:49] {Threei}  so far, market consolidates for rally continuation

[15:49] {wulff} not too often you have said that

[15:49] {Threei}  barring news, next week should be just that

[15:50] {Threei}  well... how long was it since we had anything remotely reminding rally... :)

[15:50] {nemo} yesterday

[15:51] {dptl} wheuuuu...out mga +.44.......almost flat...saved the day..but ......

06[15:52] * Threei slaps dptl around a bit with a large list of mistakes he already made and doesn't have to repeat on monthly basis

[15:53] {dptl} yeah...can i get that slap on daily basis,so i can remeber lol

[15:55] {fernp} have a nice weekend all. see you on monday

[15:55] {wulff} banks really strong, but index up small

[15:55] {wulff} dow and NQ

[15:55] {Threei}  take care fern

[15:55] {Threei}  yes wulff

[15:55] {Threei}  breather day

[15:56] {Threei}  less volume, no new highs, but finishing in greeen

[15:56] {Threei}  putting bears on a very short leash

[15:57] {wulff} FAz at new low

[15:57] {dptl} have a good weekend all....

[15:57] {Threei}  take care dp

[15:58] {Threei}  [11:01] {magoo} anyone think mkts can go green today?

[15:58] {Threei}  [11:01] {Threei} I think they will mags

[15:58] {Threei}  [11:01] {magoo} hmmmmmm..today?

[15:58] {Threei}  [11:02] {Threei} yup

[15:58] {wulff} bank squeeze at close

[15:59] {Threei}  [11:02] {magoo} whos more nervous to hold over weekend...bulls or bears?

[15:59] {Threei}  [11:03] {Threei} bears, IMO

[15:59] {larisa} see you monday guys :)

[16:00] {Threei}  thank you all

[16:00] {Threei}  have a good weekend

[16:00] {magoo} ty all

[16:00] {Threei}  see you on Monday for rally continuation

[16:00] {nemo} P&Q

[16:00] {wulff} Later.

Apr 02 2009

The Bahamas trip and conference were smashing. As much as I tried to take it easy today, it was hard not to profit from this day. 1 or 3 small stops, and 6-7 winners. DRYS, BAC, RIMM, CAT, JNPR, GS... things just worked.

Session Start: Thu Apr 02 02:40:26 2009

[07:35] {nemo} anybody home?
[08:35] {fernp} Hello everybody
[08:35] {nemo} good morning
[08:35] {pita} hi all
[08:35] {Threei} Good morning!'
[08:35] {nemo} there you are
[08:35] {pita} welcome home Vad
[08:36] {Threei} thank you
[08:36] {Threei} how is trading?
[08:37] {pita} tentative on my own.........
[08:38] {pita} but finished positive
[08:38] {dptl} good morning
[08:39] {Threei} dp :)
[08:39] {dptl} Hey Vad....so....how was it?
[08:39] {Threei} beyond wildsest imagination
[08:40] {dptl} i thought so :)
[08:41] {Threei} beaches are amazing
[08:41] {Threei} water color is from outer space
[08:41] {Threei} oh, and audience liked my sessions
[08:42] {dptl} nice...:)
[08:44] {Threei} that was somewhat unusual audfience for me
[08:44] {dptl} all drunk?
[08:44] {KSystems} UNusual, dp
[08:44] {Threei} not strictly daytrading crowd, rather people from long term/investment circles, hit by last couple years developments
[08:45] {Threei} and wanting to move to self-management
[08:45] {Threei} so I needed to do some serious transitioning work
[08:47] {Threei} FAZ 52 week lows
[08:48] {Threei} (RU) RUSSIAN PRESIDENT MEDVEDEV: REITERATES SUPPORT FOR CREATION OF NEW CURRENCY, NEW CURRENCY MAY BE LINKED TO GOLD
[08:48] {nemo} Kettle 1 please
[08:50] {pita} leave the bottle
[08:50] {magoo} morning
[08:50] {Threei} magoo :)
[08:51] {Threei} (US) FASB: NEW GUIDANCE TO BE EFFECTIVE Q2 2009
[08:51] {magoo} hey vad:) how was trip?
[08:52] {Threei} beautiful in more ways than I could list
[08:52] {nemo} we are in q2, FAS starting a selloff
[08:52] {Threei} I guess market wanted immediate?
[08:52] {nemo} eh...coming right back, they just figured out it is q2
[08:52] {magoo} great to here vad
[08:53] {magoo} room really missed ya
[08:53] {magoo} heads up though..its been very jerky still
[08:53] {Threei} well, let me ease in
[08:53] {magoo} yea
[08:53] {Threei} got about 5 hours of sleep after the plane
[08:54] {Threei} 4 is more like it actually
[08:54] {vinod} GM to all
[08:54] {magoo} let me ask this..........
[08:55] {Threei} vinod :)
[08:56] {magoo} are u sober he he?
[08:56] {Threei} yeah... but sleep deprivation will do the dame damage :)
[09:00] {cosmo} dame?
[09:01] {larisa} good morning :)
[09:01] {Threei} cosmo, larisa :)
[09:01] {larisa} welcome back :)
[09:01] {magoo} fasb voted to relax mark-to-mkt accting
[09:01] {fernp} welcome back Vad
[09:02] {cosmo} 3i,lars:)
[09:02] {Threei} thank you :)
[09:02] {larisa} cosmo :)
[09:03] {magoo} i believe RIMM reports tonite
[09:06] {cosmo} ... a gold backed world currency?
[09:06] {cosmo} hmmm
[09:06] {magoo} sounds likr roman empire he he
[09:07] {cosmo} hmm
[09:07] {cosmo} i wonder what Ron Paul thinks about that
[09:08] {ese} weary traveller....welcome back......
[09:08] {Threei} ese :)
[09:09] {Threei} G20 DRAFT: DRAFT TEXT IN LINE WITH EXPECTATIONS
[09:09] {Threei} - To channel $750B to IMF
[09:09] {Threei} - To channel $100B to WB
[09:09] {Threei} - Calls for registration of all hedge funds
[09:09] {Threei} - Regulators globally should consider the effect of pay practices
[09:13] {cosmo} use dubloon coins maybe
[09:14] {Threei} anything about market behavior over last few days I should be aware about?
[09:16] {larisa} narrow ranges with spikes both ways. yest a little better
[09:17] {ese} don't know about the market vad....but we've been behaving badly...all off us...sory bout that
[09:18] {Threei} that's quite alright, as long as no one complains
[09:18] {Threei} hope you all enjoyed it
[09:18] {ese} we miss ya....
[09:18] {Threei} this I find hard to believe
[09:19] {ese} voice of reason.....mags and i got into a quagmire with APOL yesterday from which there was no return
[09:20] {cosmo} CMCSA
[09:20] {ese} it took us down swingin though....we didn't go down without a fight
[09:21] {KSystems} Hey everybody, are there any skydivers among you? If so, please say something :-)
[09:21] {ese} would like too but my wife wll not allow it
[09:22] {i2romantis} morning all, welcome back, Vad! we missed you!
[09:22] {Threei} hi i2r, thank you
[09:24] {Threei} FASB SPOKESMAN: NO VOTE YET ON MARK-TO-MARKET ACCOUNTING
[09:24] {Threei} headline bombardment continues?
[09:25] {Threei} okay guys, game plan is: upward bias, pullback entries
[09:26] {nemo} banks keep moving up
[09:26] {pita} watching?
[09:26] {Threei} and I will try to take it easy in order to make sure I get a feel for the market instead of jumping right in and doing damage
[09:26] {Threei} no matter how clear that bahamian water is, it pulls a curtain over one's eyes
[09:26] {Threei} usual suspects pita
[09:26] {Threei} FAS
[09:26] {Threei} BAC
[09:26] {Threei} WFC
[09:27] {Threei} STT needs some serious pullback
[09:27] {Threei} RIMM
[09:29] {Threei} DRYS... maybe there is life on this planet
[09:29] {Threei} pre-market chart shapes up as 5.50 break long for it
[09:29] {Threei} with stop under 5.30
[09:29] {Threei} probably too risky for me right now
[09:30] {nemo} getting really volatile
[09:30] {Threei} but if consolidates a little close to .50, will be valid trade
[09:32] {Threei} Long Setup: DRYS .50 break if stays above .30 - .35 zone
[09:33] {magoo} missed
[09:33] {nemo} that broke too fast
[09:33] {fernp} too fast
[09:33] {nemo} all those orders at .50 then bamm!
[09:33] {_poisonivy0} wow good call starting to like this chat room lol
[09:34] {Threei} see if gives you a pullback for entry
[09:34] {nemo} Vad's like that
[09:34] {_poisonivy0} :-)
[09:34] {Threei} FAS pullback starts looking more interesting
[09:34] {magoo} ok..in .54
[09:34] {Threei} want a bit more though
[09:35] {nemo} BAC Vad
[09:35] {fernp} BAC pulling back too
[09:36] {Threei} BAC, I'd like to see a few oscillations between .60 and .65, then .65 break for entry
[09:36] {magoo} out ,68 TY BOSS
[09:36] {Threei} DRYS 1:1, half out
[09:36] {Threei} or scalp of course if you feel like safe profit
[09:37] {_poisonivy0} do you boys spreadbet on this or trade shares?
[09:37] {Threei} if taking half, stop for the balance is trailed to under 5.45
[09:37] {nemo} in BAC
[09:37] {Threei} shares, poison
[09:37] {Threei} we are very simpleminded creatures
[09:38] {_poisonivy0} lol
[09:38] {Threei} nemo, it lost .60 for a few shakes of lamb tail...
[09:38] {Threei} doesn't fully invalidfate the play, but makes it less confidfent
[09:39] {nemo} Hell then I'm out
[09:39] {Threei} hard to tell, really
[09:39] {Threei} my strategy for such case would be half out
[09:39] {nemo} With announcements coming, why screw around
[09:39] {Threei} more to reduce the risk than to secure profit
[09:40] {Threei} as Bahamas conference head said... it's all about buying and selling risk
[09:40] {magoo} rimm getting interesting
[09:41] {magoo} not in
[09:41] {magoo} im watchoing SPY
[09:41] {Threei} watching BAC for possible double bottom
[09:42] {Threei} holding .60 and breaking .70 would be confirmation
[09:42] {magoo} l rimm .30
[09:42] {Threei} .57 is closest support, so if market/BAC start upticking, aggressive entry would be about here with stop .55
[09:43] {magoo} out .55 TY vad
[09:43] {wulff} DRYS pulback
[09:43] {Threei} pre-emptive thank you?
[09:44] {magoo} yup
[09:44] {magoo} RIMM was beauty
[09:44] {magoo} anyone}??
[09:44] {Threei} if you took BAC around .63 -.65, keep .55 stop still, trail it to .59 when it breaks .70
[09:44] {Threei} if you are regular type of entry, buy .70 break with stop under .60
[09:45] {nemo} fas Vad
[09:45] {magoo} WFC vad..keep on on it
[09:45] {magoo} mover big time
[09:45] {magoo} in bac btw
[09:45] {Threei} half out BAC here for aggresive entry
[09:45] {nemo} in BAC
[09:46] {Threei} WFC pretty much played out by the same scenario, I just want tp play with slower ones for now
[09:47] {fernp} out BAC TY
[09:47] {Threei} fern :)
[09:48] {magoo} RIMM doing it
[09:48] {pita} ty bac
[09:49] {Threei} pita :)
[09:49] {Threei} ECB'S STARK: MAY POLICY MEETING MIGHT BE THE RIGHT TIME TO DECIDE ON NON-CONVENTIONAL STEPS
[09:49] {magoo} vad..STT look
[09:49] {magoo} bouncer??
[09:50] {Threei} not sure, something is not exactly right with this one
[09:51] {pita} reload bac?
[09:52] {Threei} not yet
[09:52] {Threei} we need it to establish range to break
[09:52] {Threei} for instance, .65-.70
[09:53] {Threei} JNPR...
[09:53] {Threei} looks salmonish to me
[09:54] {magoo} long JPM .20
[09:54] {magoo} duh
[09:54] {magoo} .10
[09:54] {magoo} i took STT .20
[09:54] {magoo} vad
[09:55] {cosmo} rally
[09:55] {Threei} so, you want my approval or what? :)
[09:55] {Threei} market has already approved your entry
[09:56] {Threei} Long Setup: JNPR .50 if holding above .40
[09:57] {_poisonivy0} ^^ does this mean buy once hits .40 and hold till .50
[09:57] {magoo} out STT ,66
[09:57] {magoo} still in jpm
[09:58] {Threei} no poison
[09:58] {magoo} watching WFC big time
[09:58] {nemo} breaks 50
[09:58] {Threei} buy if it hits .50 while not going lower than .40
[09:58] {Threei} WFC mags,
[09:58] {Threei} aggressive entry if market spikes
[09:59] {Threei} ENER
[09:59] {Threei} HEARING TAKEOVER CHATTER WITH FIRST SOLAR POSSIBLE BIDDER
[09:59] {Threei} {FSLR}
[09:59] {magoo} if mkt runs it will go 17 vad
[10:00] {_poisonivy0} tnks
[10:00] {Threei} *FEB FACTORY ORDERS: 1.8% V 1.5%E
[10:00] {Threei} if ou toom WFC aggressively, stop is .85
[10:00] {magoo} in yes
[10:00] {nemo} BAC break of .80 Vad
[10:01] {Threei} EX CHAIRMAN GREENBERG: US GOVT PLAN FOR AIG HAS FAILED - CONGRESSIONAL TESTIMONY
06[10:04] * Threei slaps laserdave around a bit with a large cold glass of bahama-mama
[10:09] {magoo} sropped jpm
[10:09] {nemo} if BAC breaches .60 short?
[10:09] {Threei} can't tell yet
[10:09] {fernp} JNPR is still valid, Vad?
[10:09] {Threei} market is hesitating
[10:09] {vint} good morning all
[10:10] {Threei} vint :)
[10:10] {Threei} I think so fern, just needxs confidence to return to the market for a strong bullish move
[10:10] {fernp} ok
[10:12] {nemo} jnpr invalidated
[10:13] {fernp} yeah, lost .40
[10:13] {Threei} yeah, let's leave it be
[10:18] {Threei} RIMM
[10:18] {Threei} strange weakness
[10:18] {Threei} market makes new highs
[10:18] {Threei} short canddiate on .50 break
[10:21] {Threei} STEM
[10:21] {Threei} HEARING VAGUE CHATTER THAT STRENGTH BEING ATTRIBUTED TO COLLABORATION RUMORS
[10:21] {Threei} - Rumored that Pfizer has been put out as name interestd in JV{PFE}
[10:22] {nemo} possible C&H on BAC for short?
[10:22] {Threei} yeah, starts looking this way
[10:23] {nemo} I can hear Dino's "gap close" ringing in my ears
[10:24] {nemo} indexes look like they want up though
[10:25] {Threei} cover half RIMM who got it
[10:25] {Threei} aiming to cover the balance around .15
[10:26] {Threei} stop .55
[10:27] {Threei} did I get too greedy on the RIMM balance?
[10:28] {nemo} yeah
[10:28] {Threei} oh well
[10:28] {nemo} just this one time....
[10:29] {Threei} BAC 1:1, nemo
[10:31] {Threei} okay guys, so far so good
[10:31] {Threei} 3 or 4 calls worked, WFC didn't
[10:32] {wulff} gals
[10:32] {wulff} ?
[10:32] {Threei} gals too
[10:32] {Threei} not too shabby for a severe sleep deprivation
[10:32] {wulff} not me, however
[10:33] {Threei} US AND EU FINANCIAL REGULATORS HAVE AGREED TO CAPITAL FLOOR LEVEL FOR BANKS -WSJ
[10:33] {Threei} meaning, uniform leverage for fractional reserve?
[10:34] {Threei} nothing's wrong with that if so
[10:35] {nemo} FAS might be bottoming
[10:37] {Threei} Long Setup: DRYS .51
[10:37] {Threei} stop for hard core scalpers .44, for the rest .39
[10:38] {nemo} in
[10:39] {nemo} ooh monster order @ 52
[10:39] {nemo} gone
[10:39] {Threei} hmm?
[10:39] {Threei} there are monster orders on it everywhere
[10:39] {nemo} there was a big order @ .52 on drys, now gone
[10:40] {Threei} (US) SENATORS SEND LETTER TO SEC ASKING FOR CLEAR REGULATION REGARDING NAKED SHORTS AND ABUSIVE SELLING
[10:40] {Threei} - Letter drafted by Senators Kaufman, Tester, Levin, Isakson, Chambliss and Spector
[10:40] {Threei} - Seek clear ban on naked short selling and further regulation on abusive short selling
[10:40] {Threei} - Seek regulation that addresses the need for an uptick rule along with pre-borrowment requirments
[10:40] {_poisonivy0} the market 1 dodgey plave loll
[10:40] {_poisonivy0} markets*
[10:41] {Threei} (US) OBAMA ADMINISTRATION IS DEVELOPING A HEDGE FUND TO MANAGE $500B IN TOXIC BANK ASSETS
[10:41] {Threei} is there any kind of business government is not in yet?
[10:41] {Threei} banking, insurance, hedge funds, bodyshop...
[10:42] {Threei} psychotherapy
[10:42] {cosmo} infrastructure?
[10:43] {Threei} nice spike FAS
[10:44] {Threei} let's see if it gives us a pullback
[10:44] {Threei} I'd interested closer to .55
[10:46] {wulff} took JNPR .50
[10:46] {Threei} you are at 1:1 then
[10:47] {wulff} yup
[10:48] {magoo} what is this 1:1 of which u speak?
[10:48] {Threei} wake up DRYS, what's with this coma
06[10:48] * Threei slaps magoo around a bit with a large Master Profit Plan
[10:48] {nemo} mags: original on JNPR was .50 break stop .40 invalimudated but Wulff picked it up on range reestablishment
[10:49] {magoo} :)
[10:49] {Threei} invalimudat {--- I like the word
[10:49] {Threei} invalimudated
[10:54] {fernp} DRYS is in coma
[10:54] {Threei} pretty much
[10:55] {nemo} out DRYS
[10:55] {Threei} market pulling back on low volume
[10:55] {Threei} probably one more upward thrust is in order
[10:57] {Threei} life all but disappeared from the market
[10:57] {Threei} let's talk about bahamian beaches?
[10:58] {Threei} REMINDER: TREASURY WILL MAKE IT ANNOUNCEMENT FOR THE 10-YEAR NOTE TIPS OFFERING AROUND 11:00PM
[10:58] {i2romantis} yes, how were the beaches?
[10:59] {Threei} phantastik
[11:00] {Threei} very fine white sand
[11:00] {vint} did u miss trading?
[11:00] {Threei} U.S. TREASURY TO SELL $6B IN 10 YEAR TIPS
[11:00] {Threei} nah, I am not THAT addicted
[11:01] {Threei} some very funny looking fish around
[11:01] {nemo} Gold or miners might be a buy if that auction doesn't go well
[11:01] {Threei} (US) FASB ADOPTS VOTES TO ADOPT MARK-TO-MARKET CHANGES
[11:02] {Threei} hmm?
[11:02] {Threei} is it Enlgish?
[11:02] {wulff} JNPR survived the .50 test
[11:02] {Threei} yes wulff... classic
[11:02] {Threei} former resistance, new support...
[11:03] {wulff} touched .51
[11:04] {nemo} I wonder if M2M changes are irrelevant in it doesn't change the quality of the assets, just the price on the "for sale" sign.
[11:04] {wulff} is 17 too greedy?
[11:06] {Threei} pretty much dfepends on what market does
[11:08] {Threei} NY FED: PURCHASED $7.49B IN TREASURIES IN FIFTH ROUND OF $300B PURCHASE PROGRAM; DEALERS SUBMITTED $26.25B FOR CONSIDERATION ( 3.5 BID TO COVER)
[11:08] {Threei} - Heaviest purchase was $4.35B in the 3/31/2014 maturity
[11:08] {Threei} - Average bid to cover over last four auctions has been 3.02
[11:09] {Threei} UK PM BROWN COMMENTS ON G20; SAYS GROW MARKS FIGHTBACK AGAINST GLOBAL ECONOMIC RECESSION; IMF TO RECEIVE TRIPLING OF RESOURCES
[11:09] {Threei} - Fiscal stimulus to toal $5T by end of 2010
[11:09] {Threei} - G20 agreed to $1B available to world economy; $500B for IMF
[11:09] {Threei} - G20 agreed to $250B in SDRs
[11:09] {nemo} here we go on the new currency
[11:09] {Threei} that's not a new currency
[11:09] {Threei} that's an old currency
[11:09] {Threei} it's available to anyone for many years
[11:09] {nemo} yes but...process towards new reserve
[11:10] {Threei} and no one wants to use it
[11:10] {nemo} Perhaps it will be a perceived lesser of two evils $ or SDR
[11:10] {Threei} yeah... there was enthusiasm about it at the beginning... fizzled out... I bet it will be the same this time
[11:11] {Threei} JNPR is coming into 1:3
[11:11] {wulff} yup
[11:11] {Threei} you are on your own wulff... good trade
[11:15] {Threei} hmmm
[11:15] {Threei} FAS did pull back into .55
[11:15] {Threei} just as I wanted
[11:15] {Threei} but I probably dozed off, lol
[11:16] {Threei} [10:43] {Threei} nice spike FAS
[11:16] {Threei} [10:44] {Threei} let's see if it gives us a pullback
[11:16] {Threei} [10:44] {Threei} I'd interested closer to .55
[11:17] {Threei} G20 COMMUNIQU : STIMULUS TO RAISE GLOBAL OUTPUT BY 4% BY END OF 2010
[11:17] {nemo} sure...
[11:17] {Threei} I want their calculator
[11:17] {Threei} or what they are smoking
[11:18] {nemo} break of .66 on FAS?
[11:18] {Threei} nah
[11:19] {Threei} who kept DRYS, start looking for exit door
[11:20] {Threei} I am out at .58
[11:21] {Threei} probably has more in it but I am running the risk to fall alseep while it's moving
[11:21] {Threei} too bad we missed .55 on FAS
[11:21] {Threei} was nice scalp
[11:23] {Threei} *G20 COMMUNIQU: AGREE ON $850B FUNDING FOR IMF AND WORLD BANK; STIMULUS TO RAISE GLOBAL OUTPUT BY 4% BY END OF 2010
[11:23] {Threei} - central banks pledged expansionary policies for as long as needed; to use all policy tools
[11:23] {Threei} - G20 will take action to restore flow of credit
[11:23] {Threei} - Completing DOHA trade round is 'urgently needed'
[11:23] {Threei} - To regulate 'sistemically important hedge funds'; demand 'sustainable compensation schemes'
[11:27] {wulff} here comes 17
[11:27] {Threei} wtg
[11:33] {nemo} weird, look at BAC teetering on the edge
[11:33] {Threei} there are a lot of disconnects
[11:34] {Threei} not many stocks followed the market into highs
[11:34] {Threei} JNPR being notable and pleasant exception
[11:34] {nemo} I know it's just opinion...but this M2M is just a new paint job on the Potemkin Village
[11:35] {nemo} akamai moved nicely today too
[11:43] {pita} anyone watching aapl?
[11:45] {Threei} usually one of constantly on radar... just trying to stay away from too fast ones today
[11:50] {nemo} cat moved up nice today but might be double topping
[11:51] {Threei} everyuthing feels to me like down from here
[11:53] {Threei} things are too quiet though
[11:54] {Threei} and I hate shorting qwuiet market
[12:00] {Threei} DRYS exceeded my expectations
[12:15] {vint} RIMM is up on good volume
[12:17] {Threei} market consolidates for another break and leg up
[12:18] {Threei} trying to find followers
[12:20] {larisa} missed PLD break of day high
[12:23] {vint} Vad- when you have a moment, 1 question: for entry, what is better? limit order or market order
[12:23] {Threei} limit, a few cents above the offer price
[12:23] {Threei} not more than you are willing to chase for
[12:24] {vint} got it,thanks
[12:27] {Threei} JNPR, wow
[12:28] {nemo} Might get that 500 point day
[12:29] {larisa} nah, will close around 8000 :)
[12:29] {nemo} such a pessimist
[12:31] {Threei} (RU) RUSSIAN PRESIDENT MEDVEDEV: US IS PREPARED TO DISCUSS "DIFFERENT IDEAS" ON MISSLE DEFENSE SHIELD
[12:36] {Threei} IMF'S STRAUSS-KAHN: SDR WILL PROVIDE THE GLOBAL FINANCIAL SYSTEM WITH LIQUIDITY, CAN BE USED BY ONE COUNTRY TO LEND TO ANOTHER
[12:36] {Threei} - Expects SDR to increase the reserves of member states and provide stability.{EUR/USD EUR/GBP GBP/USD USD/JPY EUR/JPY USD/CAD
[12:40] {pita} later everyone, happy hunting
[12:40] {Threei} take care pita
[12:54] {Threei} anyone sees anything trade-worthy?
[12:54] {dptl} unp?
[12:55] {Threei} scary one...
[12:56] {i2romantis} thinking maybe DRYS, but very cautious
[12:56] {Threei} can punish brutally if you arer on a wrong side...
[12:56] {Threei} DRYS dropped sharply into support
[12:56] {Threei} bounce candidate with market upward resumption
[12:57] {Threei} just won't be fast
[12:57] {i2romantis} ok
[13:03] {nemo} There is a remarkable lack of volume in this move today
[13:04] {Threei} NQ looks more or less fine, considering dau is not over yet
[13:04] {Threei} what about DJI?
[13:04] {nemo} 115%
[13:04] {Threei} why lack then?
[13:04] {nemo} It's not huge volume, just a little above average
[13:05] {Threei} we still have three hours to go
[13:05] {Threei} and we are already above average
[13:05] {Threei} looks just right to me - volume increases but not becomes hysterical yet
[13:06] {nemo} look at JNPR
[13:09] {Threei} US SENATE APPROVES BUDGET AMENDMENT TO REQUIRE DISCLOSURE OF COMPANIES ACCEPTING GUNDS FROM THE FED
[13:09] {Threei} just half year later... good job boyz
[13:09] {larisa} guns ? funds ?
[13:09] {nemo} You didn't see the contributions to their campaigns
[13:09] {Threei} lol
[13:10] {Threei} funds typed by someone with skills fairly similar to mine
[13:16] {i2romantis} DRYS, new support or new sliding deck?
[13:16] {Threei} no read on it until market degines something
[13:16] {Threei} let's try short on CAT
[13:16] {Threei} .55 would be a stop
[13:17] {Threei} aggressive entry near .50
[13:17] {Threei} first weakness fron here
[13:17] {Threei} if goes over .55 will be invalidated
[13:19] {dptl} in .49
[13:19] {Threei} NAV halt
[13:21] {Threei} CAT over 1:1
[13:21] {Threei} half cover
[13:21] {Threei} beauty of aggressive entries eh
[13:21] {dptl} out 35 ty
[13:21] {Threei} welcome
[13:21] {fernp} great call Vad. ty
[13:22] {Threei} fern :)
[13:22] {Threei} out in full .28
[13:25] {Threei} and we didn't buy FAZ ascending triangle break at .75 why?
[13:25] {nemo} you're tired?
[13:25] {Threei} can't tell... I'd have to wake up to gauge that
[13:26] {Threei} and I have no intention to wake up till Mon
[13:26] {nemo} gonna' sleep through Friday, huh?
[13:31] {nemo} looks like you might be getting your bollinger band reversal formation on the indexes
[13:32] {nemo} CAT just completed it
[13:34] {Threei} JAVA
[13:34] {Threei} WSJ: DEAL FOR COMPANY FROM IBM NOW AT $9-10
[13:37] {Threei} Notes JAVA may take lower price for deal protection, with antitrust issues as a concern
[13:37] {Threei} - Reminder on 3/18: WSJ reportedly IBM was likely to pay between $10-11/shr for the company{IBM}
[13:38] {Threei} US REP KENNEDY PROPOSES TO REINSTATE GLASS STEAGALL
[13:38] {nemo} which one, from RI?
[13:38] {Threei} I can't believe it took them this long to think of it
[13:38] {nemo} wedge on FAS on 1 minute
[13:39] {nemo} ope
[13:39] {nemo} nope
[13:43] {nemo} pretty good so far Larisa
[13:43] {larisa} :)
[13:44] {vint} Vad- feels like going long for RIMM if it bounces off .40 area.
[13:44] {Threei} .40?
[13:45] {vint} not sure
[13:45] {Threei} it's under
[13:46] {vint} uh yes, i meant .20
[13:46] {Threei} okay... then yes :)
[13:47] {nemo} market woke up
[13:47] {nemo} ehh...maybe just stuck it's head out from the covers
[13:50] {nemo} JNPR head and shoulders?
[13:51] {Threei} kind of, yeah
[13:51] {nemo} I"m seein' things
[13:51] {nemo} damn flying monkees
[13:51] {Threei} a bit lopsided
[13:51] {nemo} hunchback
[13:57] {Threei} GM
[13:57] {Threei} FORECASTING RESTRUCTURING PROGRAM IN EUROPE TO LAST UNTIL THE MIDDLE OF 2009; HAS CONTINGENCIES IF TALKS TAKE LONGER
[13:57] {Threei} wow
[13:57] {Threei} what just killed finniesA?
[14:00] {dptl} drys.45?
[14:04] {Threei} tough call
[14:04] {dptl} ok
[14:05] {nemo} same w cat break of .50
[14:05] {nemo} well that went
[14:10] {nemo} CAT just spiked down to test support
[14:16] {Threei} REPORTEDLY HOUSE BILL TO REVAMP CREDIT CARD RULE HAS CLEARED A MAJOR HURDLE
[14:16] {Threei} {V MA AXP DFS JPM C}
[14:17] {nemo} what, they can't have a pound of flesh anymore and have to stop speaking braille on those explanation statements, sheesh
[14:19] {nemo} wow quite the telport on cat
[14:22] {Threei} FAZ dfoes quite readable teleportations
[14:22] {Threei} can't call them in time
[14:22] {Threei} they are lightening
[14:22] {Threei} but if you obsderve them, can scalp them quite safely
[14:22] {Threei} just don't go over half lot
[14:23] {magoo} whats the range u seeing?
[14:24] {Threei} mostly between 18 and 18.35, with useful range for scalps about 15-20 cents
[14:25] {vint} market seems quiet even after lunch hrs..right?
[14:25] {Threei} mostly, yeah
[14:25] {nemo} volume is tapering off at the moment
[14:26] {nemo} CAT's probably going back to test the highs
[14:27] {Threei} FAZ
[14:27] {Threei} .81 long if stays above .75
[14:28] {Threei} invalidated
[14:28] {Threei} .76
[14:28] {Threei} if stays above .70
[14:33] {nemo} CAT touched .91
[14:34] {nemo} .92
[14:34] {Threei} .93?
[14:34] {nemo} yep
[14:34] {nemo} was hoping for the start of a handle, might not get it
[14:38] {magoo} vad..give me a read GS paluease
[14:38] {Threei} 114 break
[14:38] {Threei} if climbs into it more or less slowly
[14:39] {Threei} other than that, nothing recognizable to me
[14:39] {Threei} maybe sharp drop into 113.20 zone for a scalp bounce
[14:40] {Threei} so far so good a for a break
[14:40] {magoo} thas pretty good
[14:40] {magoo} got read AAPL?
06[14:41] * Threei slaps magoo around a bit with a large suggestion to keep his appetite in check
[14:41] {Threei} half out GS
[14:42] {Threei} if want more than a scalp, look for .40 - .50 zone for exit
[14:42] {Threei} here we go
[14:42] {Threei} out .45
[14:43] {magoo} i got .37 TY BOSSMAN
[14:43] {Threei} welcome
[14:43] {Threei} even though you literally pulled this call out of me
[14:43] {magoo} oh wait..i pre-empt TY earlioer
[14:43] {Threei} lol
[14:44] {Threei} now I realize I missed you guys
[14:47] {magoo} we may see seelling in last half hour ahead of employmt numbers
[14:47] {Threei} or panic covering
[14:48] {nemo} was a bad adp number this week 742k
[14:48] {magoo} ya ya...that two
[14:48] {Threei} market is still up 0ver 300 points, and on a bigger volume vs yesterday
[14:48] {Threei} kind of hard to imagine shorts feeling comfiortable
[14:48] {nemo} if employment comes in in-line market will likely be happy
[14:49] {nemo} CAT vad? consolidating under .95
[14:49] {nemo} ?
[14:51] {Threei} not sure...
[14:51] {nemo} lost .90
[14:51] {Threei} somehow tough to get read on it here
[14:51] {Threei} what did we have 1-2 stops today? with about 5-7 calls working?
[14:52] {Threei} can I stop even pretending I care to find any more plays? :)
[14:53] {magoo} im down a lil
[14:53] {magoo} on my bootleg plays
[14:53] {magoo} so get working
[14:53] {nemo} oy weh
[14:53] {Threei} those are not my resp;onsibility
[14:54] {Threei} I never endorsed bootlegging
[14:54] {Threei} (without cutting me my share that is)
[14:56] {nemo} idiot me...when cat lost .90 I also saw the indexes weakening...obvious short
06[14:56] * nemo slaps nemo around a bit with a large sledge hammer
[15:17] {larisa} .
[15:19] {Threei} ..
[15:19] {dptl} ok..here ...
[15:19] {larisa} lol
[15:39] {dptl} nite all
[15:40] {Threei} take care dp
[15:44] {nemo} CAT got time to break the C&H?
[15:44] {Threei} time, yes... gas, not so sure
[15:45] {nemo} bounce near .70?
[15:46] {nemo} nope
[15:46] {Threei} I don't know what to make of this sudden reversal in everything
[15:46] {Threei} it throws off all technical reads
[15:47] {nemo} locking in gains
[15:47] {nemo} although, just got a hammer on cat
[15:48] {nemo} wow
[15:49] {Threei} so... is the room topic right for today?
[15:49] {nemo} Magoo...I think this is for you
[15:50] {Threei} he has no idea where to look for room topic
[15:50] {nemo} Why don't you tell him?
[15:50] {Threei} what for?
[15:51] {nemo} Why not?
[15:51] {Threei} we discuss the room topic, he gets curious, asks where it is
[15:51] {Threei} we don't tell him
[15:51] {nemo} oh
[15:51] {Threei} he feels tortured
[15:51] {Threei} isn't it fun you would expect me to want to have?
[15:51] {nemo} yeah...like clubbing baby seals
[15:52] {nemo} that might have been a bit extreme
[15:52] {nemo} Perhaps the PPT thought a finish above 8000 was just too much
[15:52] {Threei} larisa nailed the day the closest
[15:53] {larisa} 8 more monutes, 40 more points
[15:53] {larisa} O=I
[15:54] {nemo} volumes just a hair above average
[15:59] {larisa} see you tomorrow guys, vad get good sleep :)
[15:59] {Threei} thank you all
[16:00] {Threei} have a great evening, see you tomorrow!
[16:00] {magoo} ty vad..all
[16:00] {vint} thanks Vad, bye all