Feb 22 2010

We had 100% winning day - on 2 (yes, TWO) calls for the whole day. I don't think I've ever had that few. Both were on DNDN, one breakout for 36 cents and one bounce for 17.

Session Time: Mon Feb 22 00:00:00 2010

[07:55] {Les} Toyota memo trumps savings over safety. In an internal document from 2009, Toyota (TM) employees celebrated saving the company over $100M by convincing regulators to end a 2007 investigation into sudden acceleration complaints with a relatively cheap floormat recall for just 55,000 cars. The memo will put further pressure on Toyota President Akio Toyoda when

[07:58] {Les} smart move on their part

[08:07] {Les} SLB not digesting their acquisition of SII well premarket

[08:19] {nemo} what a surprise, a gap day

[08:29] {nemo} wow...slb traded over 2 million shares already

[08:31] {Threei} (GE) Germany Finance Ministry: Believes that Greece will succeed in debt refinancing next month; No decision taken on aid for Greece- EU needs to consider new rules and sanctions in the context of Greece

[08:35] {Threei} Market update

[08:35] {Threei} 5:53 AM European Market Update: China reiterated its pledge to maintain moderately loose monetary policy and maintain proactive fiscal policy; Session risk appetite wanes as no concrete news emerges on Greek aid package

[08:35] {Threei} *** ECONOMIC DATA ***

[08:35] {Threei} - (JP) Japan Jan Convenience Store Sales Y/Y: -5.3% v -5.5% prior

[08:35] {Threei} - (SZ) Swiss Jan M3 Money Supply Y/Y: 5.6% v 6.6% prior

[08:35] {Threei} - (TT) Taiwan Jan Unemployment Rate Seasonally Adj: 5.7% v 5.7%e

[08:35] {Threei} - (NE) Netherlands Feb Consumer Confidence: -13 v -11e v

[08:35] {Threei} - (IC) Iceland Jan Wage Index M/M: 0.1% v 0.3% prior; Y/Y: 3.1% v 3.6% prior

[08:35] {Threei} - (IT) Italy Jan Trade balance Non-EU: -3.2B v -4.0B prior

[08:35] {Threei} *** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***

[08:35] {Threei} - Despite a strong trading session in Asia, opening highs in Europe didn't last. Equities rolled over and turned negative within the first hour of trading. The motivations behind this move has been mixed but has been broadly in line with the expected pare back of commodity and high yielding currencies as risk aversion crept back into the market. Equities that traded lower included Glaxo [GSK.UK], following a NYT article on the safety of its Avandia medication, along with Carrefour [CA.FR] and Axa [CS.FR], following analyst actions. Pilots at Lufthansa [LHA.GE] have followed through with strike threats leading to travel chaos in Germany and those shares moving lower. Retail as a sector moved lower on general sentiment and cautious notes on H&M [HMB] and Zara [ITX.SP] from BNP. Weekend press speculation has been fierce with commentary regarding an expected EU approval for a T-mobile [DTE.GE] Orange [FTE.FR] UK JV, speculation that VTG [VTG.UK] may offer a special dividend if holders reject a Babcock [BAB.UK] bid, and speculation that Old Mutual [OML.UK] is shopping its US life insurance unit. In M&A flow, Schlumberger [SLB] and Smiths International [SII] announced a formal all stock agreement while market chatter has reignited ABB [ABBN.SZ] for Rockwell Automation [ROK] speculation. Into 5:30, equity markets remain choppy with moves above and below the unchanged line on lighter volume

[08:35] {Threei} - In individual equities: AB Foods [ABF.UK] said its first-half 2010 profit would be higher y/y. Hamerson [HMSO.UK] reported FY09 adj Pretax 130M v 150Me. TNT [TNT.NV] reported Q4 Net 25M (unclear if comp to ests), Rev 2.95B v 2.9Be, to pay total dividend of 0.53/shr.

[08:35] {Threei} - Speakers: ECB's Provopoulos commented that the Greek govt would take additional measures if needed and expressed confidence that Greece would meet it austerity goals. He stated that markets were overreacting to the crisis in the country and added that the ECB to continue its credit support. German Finance Ministry's Monthly Report noted that German January total tax revenues at 36.0B, down 7.8% y/y. The reported noted that economic recovery was prone to setbacks and sources of domestic growth were unfolding slowly. ECB's Honohan commented that reducing wages was vital to ensuring Ireland's recovery and reversing the rise in unemployment. He did note that achieving lower nominal wage rates was not easy but was essential. UK PM Brown reiterated his administrative plans to decrease deficit by half by 2014 and restore finances as economic recovery takes hold. China reiterated its pledge to maintain moderately loose monetary policy and maintain activist fiscal policy in 2010. The comments follow the reopening of the Chinese markets after a week of holidays. The comments follow the Feb 12th reserve ratio hike by the PBoC to 16.50% from 16.00%.

[08:35] {Threei} - Currencies: The European morning was prepared for rising risk appetite as weekend press raised speculation that a Greek aid package could be in the pipeline and worth up to 25B. Asian equities were firmer and energy and metals followed them higher. However, the euphoria waned as the hours rolled by and the USD and JPY maintained a firmer tone in the session. As the NY morning approached the EUR/USD was holding above the 1.36 handle after testing 1.3450 last week. Dealers did have plenty of time to analyst the situation in Europe as the news flow was light and data releases were sparse. Greece's financial distress could be exacerbated at the end of 2010 when the ECB is due to revert to old collateral rules that were loosened during the global recession. If Greek debt were no longer eligible as ECB collateral, the Greece Gov't would find it harder to find buyers for its bonds and yields would probably rise.

[08:35] {Threei} - Fixed Income: Gilts have underperformed after the latest UK polls showed Labour gaining ground on the opposition Conservatives. The Tory lead has been cut to just 8 points, with a 10 point margin generally believed to be the minimum needed to avoid a hung parliament. The 10y Gilt briefly traded 100bps cheap to the Bund in the session, the widest level in the Gilt-Bund spread spread since March 1997

[08:35] {Threei} - Geopolitical: On Saturday a brewing political crisis in the Netherlands led to the collapse of a three-party coalition government. The key issue in bringing the gov down was troop deployments to Afghanistan. Current PM Blakenende (Christian Dem) failed to ward off a split led by Deputy PM Bos (Labor) over the deployment of soldiers in Afghanistan. Labor had run on a platform in 2006/7 that combat soldiers would come home by 2010 and the party has made moves to fulfill that goal. The Dutch Queen is expected to appoint a caretaker gov that while official, will have difficulty passing any new laws *** Coup leaders in Niger have promised a return to civil government with the crafting of a new constitution followed by democratic elections. A time frame for either operation was not given. Representatives from the ruling Junta met with Libyan leader Gaddafi in a search for international recognition. African government and political organization have remained cool/mute on the subject.

[08:35] {Threei} - In the papers: An FT article discussed investor George Soros views on the EMU. Soros stated that for the euro to be a fully fledged currency it would require both a central bank and a Treasury. He believes that when a financial system is in danger of collapsing only a Treasury can deal with problems of solvency. The 2008 financial crisis revealed the flaw in the euro's construction, and he recommended the establishment of a well-organized eurobond market. Der Spiegel reported over the weekend that he EU was set to provide approx 25B in assistance to Greece. The amount to be shared amongst the EU, determined by relative position in the ECB, and encompass various loans and guarantees. Germany's share in ECB stands at 20%. WSJ commented on the use of swaps by some European governments. According to the article, some European government in the past used complex financial transactions to lower the sizes of their debts and deficits. The article commented on the previously disclosed derivatives transactions between Greece and Goldman Sachs.

[08:35] {Threei}

[08:35] {Threei} oops

[08:35] {Threei} too big paste

[08:36] {Threei} The article noted that between 1998 and 2003, Deutsche Bank entered into swap agreements on behalf of Portugal. In 1997, France arranged a transaction with France Telecom which resulted in a reduction in France's deficit. Additionally, in 1996 JP Morgan arranged an Italian currency swap which allowed Italy to receive large payments upfront and thus lower its deficit. Some critics believe that too little is known about countries' continued exposure to the derivative deals that are already out there.

[08:36] {Threei} that's what I acrualy wanted, lol

[08:58] {nemo} any news on slb this morning

[09:00] {Threei} Smith International Inc To merge with Schlumberger; The all stock agreement values SII at $11.3B or $45.84/share (37.5% premium)

[09:00] {Threei} - Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders collectively will own approximately 12.8% of Schlumberger's outstanding shares of common stock.

[09:01] {Les} Morning Vad, Nemo

[09:01] {nemo} oh...arbitraging

[09:01] {nemo} sheila :)

[09:01] {Threei} les :)

[09:01] {ese} good morning

[09:01] {Les} huh... in fine form for the week are we:)

[09:01] {Les} hey ese

[09:01] {Threei} ese :)

[09:02] {Les} saw Inglourious Basterds this weekend Vad. I liked it

[09:02] {nemo} I got bored watching it

[09:03] {ese} it's the way things should have been

[09:03] {Threei} I was disappointed... not at the level pf his other movies, IMO

[09:03] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:03] {Les} u r right Nemo/vad

[09:03] {Les} first five minutes bored me

[09:04] {Les} then I realised what he was doing

[09:04] {Les} French film

[09:04] {Les} In that regards, yes, way different to his previous works

[09:05] {Les} but Europeans are liking it, especially Christolph Waltz as the Jew Hunter. Great job

[09:06] {Threei} that's about the only thing I liked

[09:06] {Les} anything on the watch list?

[09:06] {Threei} the rest just was not up to his standards, IMO

[09:07] {Les} I think he switched audiences for this film. I've watched a few french films. they just talk and talk.

[09:08] {nemo} Watchmen was a great movie

[09:09] {billyc} gm everyone

[09:10] {Threei} billy :)

[09:10] {Les} billy

[09:10] {Les} saw District 9 as well. Talk about apartheid redux

[09:11] {nemo} yeah...that was a trip

[09:13] {Les} SLB's got some range going for it today

[09:16] {Threei} great... TM is not shortable

[09:16] {nemo} slb is an arbitrage play, so I'm not sure that will be a safe one to trade today

[09:16] {nemo} that is unless you have a good understanding of the arbitrage levels

[09:19] {Threei} Toyota Motor Corp According to documents, TM saved millions by negotiating a deal with US government officials over consumer complaints related to acceleration in some vehicles - Detroit Free Press

[09:19] {Threei} - According to the document that was turned over to US House officials, officials at Toyota boasted in an internal document that they saved the company more than $100M by negotiating a deal with US government officials on a limited recall over complaints about sudden acceleration in some vehicles.

[09:19] {Threei} - In an internal presentation last summer, the government agreement was classified under the category of "Wins for Toyota and Industry."

[09:19] {lasertrev} morning

[09:19] {Threei} trev :)

[09:19] {nemo} trev

[09:20] {Threei} some win that was

[09:21] {lasertrev} sad

[09:31] {_jfjf64} mornin all

[09:31] {Threei} jf :)

[09:31] {nemo} jf

[09:32] {Threei} XNPT again

[09:33] {Threei} Long Setup: ARUN .45 break half lot if stays above .30

[09:37] {nemo} nice hold on the pullback

[09:37] {Threei} feels explosive

[09:37] {nemo} Qs and spy near 200 ma

[09:38] {nemo} Qs broke through 200

[09:38] {nemo} spy broke through 200

[09:39] {Threei} Long Setup: DNDN .35 break

[09:39] {ese} l dndn .28

[09:39] {Threei} stop under .20

[09:39] {ese} yup

[09:40] {ese} out dndn .36

[09:40] {ese} wow that was fast

[09:40] {ese} +.08

[09:41] {Les} RIMM looks like bounce before b/d

[09:43] {_jfjf64} dfs

[09:45] {_jfjf64} question fonts are very small in chat how do i mk larger

[09:46] {Threei} CTRL +

[09:46] {_jfjf64} ahh ty

[09:47] {_jfjf64} rimm

[09:47] {Threei} come on already DNDN

[09:47] {Les} DNDN drives a TM

[09:47] {Threei} where is sudden acceleration then?

[09:48] {nemo} in reverse

[09:48] {Les} lol

[09:48] {nemo} dndn looking short now

[09:50] {Threei} ARUN invalidated

[09:52] {Threei} half out DNDN

[09:53] {Threei} scalpers take profit

[09:53] {Les} out .47 ty

[09:54] {ese} nice play with dndn vad

[09:54] {ese} should go forever that thing

[09:54] {_jfjf64} dndn ty

[09:54] {billyc} thanks

[09:54] {Threei} 1/4 more out .60

[09:55] {Threei} welcome guys

[09:55] {Threei} stop for the last piece just under .40

[09:56] {Threei} and try to exit into spike over .70

[09:56] {_jfjf64} nice

[09:58] {Threei} out .72 for +.36

[09:59] {_jfjf64} way to go champ

[09:59] {Threei} can I go home?

[09:59] {Les} 3 more like that please

[09:59] {_jfjf64} one more

[09:59] {_jfjf64} mk it 2

[10:00] {_jfjf64} strong dndn

[10:00] {Threei} (US) Pred Obama: Proposes $10B in additional fees on drug makers as part of Health Care reform

[10:01] {Threei} yup... that'll help lower prices

[10:01] {_jfjf64} enough with this guy

[10:01] {nemo} and raising personal income tax as well as penalty for not buying

[10:01] {_jfjf64} lol

[10:01] {Threei} Porposes medicare tax on unearned income

[10:01] {Les} not sure what sort of reform that is?

[10:01] {strider} The big O proposing medicare tax on unearned income.

[10:01] {Threei} beautiful

[10:01] {strider} beat me to it.

[10:01] {strider} they're taxing porpoises too?

[10:02] {strider} will they never stop?

[10:02] {Les} RIMM has nothing but air under it now

[10:05] {Threei} watching WFC for possible pullback entry

[10:07] {Threei} - Does not include public option

[10:07] {Threei} - Targeting expansion of health care to 31M further Americans; would force insurers to cover more young adults

[10:07] {Threei} - Would establish health insurance exchanges

[10:07] {Threei} - To end discrimination against pre-existing medical conditions

[10:07] {Threei} - Includes limits on health premium increases

[10:08] {fernp} MAS .75 breakdown, Vad?

[10:08] {Threei} not sure

[10:10] {fernp} ok. ty

[10:10] {nemo} indices down but fas up strong

[10:16] {nemo} huge bid rimm .31

[10:21] {Les} AIG

[10:22] {Les} pump my trash day hey?

[10:22] {Threei} no news

[10:23] {Les} DNDN back to original support

[10:24] {Threei} I think one more leg down before it become bounce candidate

[10:34] {fernp} PALM short if breaks .20, Vad?

[10:36] {Threei} I like it

[10:36] {fernp} ty

[10:36] {Threei} .25 for hard core scalpers, .30 for day trade

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.

[10:37] {Threei} - NASDAQ volume 490M shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.

[10:37] {Threei} - VIX index +4.3% to just under 21.00

[10:37] {fernp} ty, was writing the question... lol

[10:37] {Threei} :)

[10:38] {_jfjf64} y

[10:39] {Threei} strangely slow market

[10:40] {Threei} glad we got our first profit extracted early

[10:42] {Les} PM miners looking for a b/o. slw kgc auy

[10:42] {Les} not auy

[10:44] {fernp} any rean in ORCL, Vad? good breakout?

[10:44] {fernp} rean = read

[10:45] {Threei} want to be water-tirtured for hours?

[10:45] {fernp} nope

[10:45] {Threei} leave ORCL alone then :)

[10:45] {fernp} ok, i'll do

[10:45] {strider} AMZN nice reverse c&h

[10:47] {ese} L apwr .22

[10:48] {ese} blasted thing....wanted .19.....ruddy thing jumped up on me

[10:54] {Les} vad DNDN

[10:54] {Threei} almost ready... not quite yet

[10:55] {ese} you all thinkin of shorting dndn or going long

[10:56] {Threei} long for bounce scalp

[10:56] {Les} bounce play

[10:56] {ese} ok

[10:58] {ese} oh and by the way vadster!!! My spies tell me that you were in my neck of the woods .....YOU! didn't stop in........well I never. Was gorgeous day around here saturday for sure

[10:58] {Threei} hmmm... you have cameras around that area or what, lol

[10:59] {Threei} OK, hunt is on for DNDN

[10:59] {ese} lol.......my daughter was walking to the library along beach drive and she walked right by you

[10:59] {Threei} oops... haven't seen her

[10:59] {Threei} .75 brea

[10:59] {Threei} stop under .70

[11:00] {ese} in

[11:00] {nemo} damn

[11:00] {Les} nope

[11:00] {ese} .76

[11:00] {Threei} out .91

[11:00] {ese} out

[11:00] {Les} 200 ma .90

[11:00] {Threei} nice and easy

[11:01] {ese} .90 +.14.....tks vad

[11:01] {Threei} sure thing... accpet it as my apology for not saying hello to yor girl :)

[11:01] {ese} done

[11:02] {billyc} thanks

[11:02] {ese} not a problem......I can be bought

[11:02] {Threei} billy :)

[11:06] {ese} daaaa stopped apwr .14 -.08

[11:08] {ese} hmmmmm pullbacks me thinks are working better than breakouts still

[11:08] {_jfjf64} ty dndn

[11:09] {Threei} :)

[11:14] {Threei} keep an eye opn VXX

[11:14] {Threei} for possible sharp pullback under .10

[11:15] {Threei} shpuld be long around .05

[11:15] {_jfjf64} ii

[11:17] {Les} PM miners all went south. SLW or KGC lod b/d?

[11:19] {Threei} KGC I like the most

[11:21] {Threei} almost there, VXX... just a few more downticks please

[11:29] {Threei} .08 was the lowest point, and practically unobtainable

[11:29] {Threei} writing it off as one that got away

[11:32] {nemo} rimm broke lows

[11:52] {ese} amcs

[11:52] {Threei} never cease to amaze

[12:11] {_jfjf64} cmc any read vad

[12:11] {Threei} not really

[12:16] {Threei} wow... it's like market doesn't knoqw it's not a weekend anymore

[12:16] {_jfjf64} omx crazt

[12:25] {fernp} TOL breakdown, Vad?

[12:25] {fernp} 5c stop

[12:28] {strider} MIL

[12:29] {strider} whoa!

[12:29] {strider} Too dangerous for me...where's magoo?

[12:30] {fernp} MIL nice daily candle lol

[12:30] {Threei} hard to tell TOL

[12:30] {fernp} nah, forget TOL

[12:30] {Threei} MIL Reportedly Thermo Fisher is planning $6B bid; Millipore is said to have hired Goldman Sachs as advisor - unconfirmed report (79.52, +8.18, 11.47%) (related TMO )

[12:30] {nemo} slb been climing strong since 11:15

[12:31] {strider} Now that's euphoria.

[12:31] {nemo} wfmi vad

[12:31] {Threei} MIL Halted (99.53, +28.19, 39.52%)

[12:31] {Threei} hmmm?

[12:31] {Threei} I still see it trading

[12:31] {nemo} break of .80 looks interesting, but is lunchtime

[12:32] {fernp} not halted, here

[12:32] {Threei} WFMI... could be but don't count on much

[12:32] {nemo} lunchtime scalp

[12:33] {nemo} maybe

[12:33] {Threei} MIL Halted at NYSE on order imbalance (99.53, +28.19, 39.52%)

[12:33] {nemo} jeez...slb, if it clears .25 area soon, probably looking at .75

[12:33] {Threei} huh... it can be halted on NYSE but not on ECNs?

[12:34] {Threei} talk about market fragmentation

[12:35] {Threei} news still says "unconfirmed repoprt"

[12:35] {Threei} let's prepare short and wait for denial? {G}

[12:37] {Threei} WFMI, enough for a scalp

[12:39] {Threei} Preview: Treasury's $8B 30-year TIPS auction results due out just after 1PM ET

[12:39] {Threei} - Initial 30-year TIPS auction. The bid to cover ratio in the last 30-year TIPS auction in Oct of 2001 was 2.23. For reference January's 10-year TIPS auction saw a 2.65 bid to cover ratio.

[12:42] {fernp} LIFE also happy

[12:43] {ese} L drys .71

[12:44] {ese} well .715 to be exact

[12:55] {Threei} not bad WFMI

[13:01] {Threei} (US) Fed's Yellen: Fed is watching the possibility of assets bubbles developing - Q&A (related EUR/USD TLT SHY )

[13:03] {Threei} MIL Reported $6B bid by Thero includes debt - CNBC's Faber (90.15, +18.81, 26.37%)

[13:06] {Threei} MIL has been in the process of auctioning itself for some time, may be other potential bidders - CNBC's Faber

[13:11] {nemo} mmmhhh...vxx dropped wih spy, wouldna' thunk that

[13:11] {patience} .

[13:11] {nemo} fricking mos...was waiting at .05 to short it

[13:17] {Threei} MIL Thermo Fisher Spokesperson: Reportedly states that Millipore bid is a rumor (86.09, +14.75, 20.68%) (related TMO )

[13:17] {Threei} ugh

[13:18] {Threei} why couldn't he say it while we were at 100

[13:22] {nemo} aig new high

[13:33] {ese} i've gotta say....these have been some of the most boring markets these last 2 to 3 weeks

[13:34] {Threei} totally

[13:39] {Les} well if Twiggs is correct and correction is finished; good way to keep daytraders from climbing on

[13:39] {_jfjf64} this is killing me bored

[13:40] {_jfjf64} happy took money out early ty vad

[13:42] {Threei} AIG look sbreaky

[13:42] {Threei} who and wehy would have cared to keep day traders out Les?

[13:45] {Les} I don't care who are what, but the result is the same. gap up, no trades...

[13:45] {Threei} my point iis, it's not about day traders at all

[13:46] {Les} understood

[13:46] {Threei} anyone who is interested in this or that direction would see day traders as liquidity providrs with no net impact on direction

[13:46] {Threei} thus helping his cause

[13:47] {ese} zzzzzzzzzzzzzzzzzzzzzzzz snoorfffffff gaaaaazitttt..........ah hem.....zzzzzzzzzzzzzzzzzzzzzzzzzz

[13:47] {Threei} PCLN CEO: Would consider buying any online travel company, smaller companies in the sector would likely be acquired - conf comments (230.52, -0.05, -0.02%) (related EXPE OWW CTRP SOHU LONG )

[13:48] {nemo} lay on your side so you don't interrupt everybody with your snoring, ese

[13:49] {ese} just noticed saliva running out of the side of my mouth

[13:49] {nemo} happens at your age

[13:49] {ese} lol

[14:02] {ese} ok all......gotta go to a meeting......still long drys.......catch you tomorow.....although i may be able to log in closer to the end ot the trading day

[14:02] {ese} take care

[14:02] {Threei} take care ese

[14:07] {Threei} Market Internals update at 2:00pmET

[14:07] {Threei} - NYSE volume 520M shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.

[14:07] {Threei} - NASDAQ volume 1.2B shares, about 11% below its three-month average; advancers and decliners are about even.

[14:07] {Threei} - VIX index +0.25% to just over 20.00

[14:08] {Threei} this must be a quiet before the storm

[14:10] {Les} what direction you working with right now? still down?

[14:10] {Threei} no direction at all

[14:11] {nemo} sounds like my nephew

[14:11] {Threei} this can resolve any way

[14:11] {Threei} look at VIX

[14:11] {Les} ok. calm before storm being volatility in either direction

[14:13] {Threei} this VIX drop is nolt tied to market direction, it's purely drop in volatility

[14:13] {nemo} rimm had a little kniption

[14:19] {nemo} tons of shares at .61 just wet by on slb, looks like offer is lifting

[14:31] {nemo} see this on the tips auction?

[14:31] {nemo} * Yield 2.229% vs. Exp. 2.195%, bond was trading at 2.164% just before 1 PM auction

[14:31] {nemo} * Bid To Cover 2.45 vs. Avg. 1.89 (Prev. 2.27)

[14:31] {nemo} * Indirects 42.40% vs. Avg. 45.28% (Prev. 47.45%)

[14:31] {nemo} * Indirect Hit Ratio of 88.05%

[14:31] {nemo} * Allotted at high 66.57% - large number on the margin

[14:31] {nemo} * Direct bidder take down 6.4%

[14:32] {nemo} first 30 year tips since 81

[14:32] {nemo} 01 sorry

[14:38] {Les} TM 73 b/d?

[14:38] {nemo} we're a tad short on volume today

[14:39] {Les} and?...

[14:39] {nemo} you're a sheila

[14:39] {Les} :P

[14:39] {Threei} yes les

[14:39] {Threei} just keep size smallish

[14:40] {Les} some big orders at 73

[14:40] {nemo} understatement

[14:40] {strider} I'm gone for the day guys. Had a really good morning...want to keep it. see you tomorrow.

[14:40] {Threei} take care strider

[14:40] {Les} ciao

[14:41] {strider} :)

[14:41] {Threei} AIG broke

[14:41] {Threei} this I enjot:

[14:41] {Threei} enoy

[14:41] {Threei} ECB's Bini-Smaghi: the Euro is solid and has protected member states from the financial crisis (update) (related EUR/USD EUR/CHF EUR/JPY )

[14:41] {Threei} uhhu

[14:41] {nemo} aig has been bouncing off a trend line since noon

[14:42] {Threei} whewe is dino

[14:42] {nemo} with magoo

[14:42] {Threei} this is totally fromn the "we don't need any more capital" category

[14:44] {Threei} Germany to Bini-Smaghi: Hello? who exactly protected whom?

[14:50] {Threei} (GR) IMF spokesperson says IMF staff is in Greece this week at the request of the govt

[14:50] {Threei} vacation I am sure

[15:01] {Threei} been quite a while since we had so boring day

[15:02] {Les} just read today of another movie I need to see

[15:02] {Les} hurt locker

[15:02] {Les} anyone seen it?

[15:02] {_jfjf64} shhoot me

[15:02] {Les} no jf, "hurt locker"

[15:05] {_jfjf64} lol

[15:07] {Les} no one seen it? here I thought we were film aficionados...

[15:07] {nemo} I'll download it tonight

[15:07] {Les} kicked Avatar's butt in British film awards.

[15:07] {nemo} BFD

[15:07] {_jfjf64} yup nemo

[15:08] {nemo} bloody poms

[15:08] {Les} lol, looking up ticker BFD haha

[15:08] {Les} I'm wet behind the ears

[15:08] {nemo} kinda' my fault

[15:08] {_jfjf64} hurt locker

[15:08] {Les} funny in that its james camerson's ex-wife who beat the man at the award ceremony

[15:09] {nemo} one of them

[15:11] {_jfjf64} good night all got to get out of here before i do somethin stupid takin my profits and runnin

[15:11] {Les} ciao

[15:12] {nemo} ciao bene

[15:12] {Threei} take care jf

[15:13] {patience} .

[15:13] {nemo} fas breaking highs

[15:17] {Les} slw

[15:17] {Les} wrong screne

[15:22] {nemo} fas mind of it's own

[15:33] {Threei} (CA) Canada govt official: Canada's economy remains fragile, Canada will not change course on stimulus spending

[15:33] {Threei} - Canada budget includes plan to cut deficit.

[15:33] {Threei} - Not looking to raise taxes in order to cut deficit.

[15:34] {Threei} Market Internals update at 3:30pmET

[15:34] {Threei} - NYSE volume 675M shares, about 15% below its three-month average; advancers lead decliners by 1.1:1.

[15:34] {Threei} - NASDAQ volume 1.55B shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.

[15:34] {Threei} - VIX index +0.25% to just over 20.00

[15:44] {Threei} kik, in lasar 5 min SPY covered more than half of dauly range

[15:45] {nemo} ?

[15:45] {nemo} you mean last 5 minutes

[15:45] {Threei} sheesh, what's with this frikin keyboard

[15:45] {nemo} tovarich

[15:45] {nemo} your frikin fingers

[15:45] {Threei} I need to change it, something aboput layout here is horribly wrong

[15:46] {Threei} previous one was way easier to tyope without looking at each key

[15:46] {Threei} that "kik" was supposed to be lol

[15:46] {nemo} lol

[15:47] {Threei} keys moved a bit closer, and my fingers hit next ones

[15:53] {nemo} slb almost 85m shares today

[15:55] {Threei} I'd have hard time remembering a day when I made just twqo calls

[15:56] {Threei} I don't think it happened ever

[15:57] {Threei} have a good evening guys, see you tomorrow

[15:57] {billyc} gn all thanks for the calls good day

[15:57] {Les} ciao

[15:57] {nemo} c ya