Jan 29 2009

Many room members found quite a few nice plays; I was mostly sitting things out. Other than GERN nice run-up and something unusual happening with PALM, not much interesting.                                                                                                           

Session Time: Thu Jan 29 00:00:00 2009

[07:39] {hawkfan4} poor DRYS

[08:08] {nemo} mornin'

[08:08] {hawkfan4} morning nemo

[08:08] {Onix} Good morning early birds :)

[08:09] {hawkfan4} Onix :)

[08:09] {nemo} it's late on the east coast

[08:09] {Onix} 5 am over here

[08:09] {nemo} it's after lunch for ksystems

[08:09] {hawkfan4} where are you Onix?

[08:09] {KSystems} *burp*

[08:09] {KSystems} yeah, just finished

[08:09] {Onix} Vancouver, Canada

[08:09] {nemo} na ja...sei geduldig

[08:09] {hawkfan4} Ah, cool

[08:09] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:09] {nemo} und auch gnadig

[08:10] {hawkfan4} whew, was wondering about that

[08:10] {Threei}  :)

[08:10] {Onix} sounds likeAfrikaans nemo?

[08:10] {hawkfan4} scalped 8.85 to 9.19

[08:10] {nemo} nope...but related

[08:11] {Onix} dutch?

[08:14] {cosmo} i'll buy

[08:14] {nemo} Deutsch

[08:15] {nemo} well, my approximation of what I can remember, Ksystems is probably squirming in grammatical disgust

[08:20] {KSystems} by comparing german to africaans?

[08:20] {KSystems} no

[08:20] {KSystems} just ignoring you from now on ;)

[08:21] {KSystems} DRYS blood...

[08:21] {KSystems} news?

[08:22] {nemo} no meine Fahigkeit

[08:22] {hawkfan4} yes, 500 million$ offering of shares, + a downgrade this morning

[08:30] {Threei}  practically doubled shares

[08:31] {larisa} morning

[08:31] {nemo} that's what happens when banks aren't lending-inwestor dilution

[08:31] {Threei}  larisa :)

[08:31] {nemo} larisa :)

[08:31] {larisa} threei, nemo :)

[08:32] {Threei}  INITIAL JOBLESS CLAIMS: 588K V 575KE; CONTINUING CLAIMS: 4.776M V 4.620ME

[08:32] {Threei}  - Prior jobless claims revised from 589K to 585K

[08:32] {Threei}  - Prior continuing claims revised from 4.607M to 4.617M

[08:32] {Threei}  DEC DURABLE GOODS ORDERS: -2.6% V -2.0%E; DURABLES EX-TRANSPORTATION: -3.6% V -2.7%E

[08:32] {Threei}  - Prior Durables revised from -1.5 to -3.7%

[08:32] {Threei}  - Prior Durables Ex Transportation revised from +0.6% to -1.7%

[08:35] {larisa} DRYS is not nice, hope elepet sold 

[08:36] {Threei}  [19:30] {elepet} OMG...It's late and noone is here i guess, but i just took a look at DRYS after hours. way way down, and i absolutely forced myself to sell 5 minutes before the close with a nice profit. So thank you all.

[08:36] {larisa} good :)

[08:36] {cujo} g'morning

[08:36] {Threei}  cujo :)

[08:36] {nemo} You ought to try your other arm, Vad...

[08:36] {larisa} good morning cujo

[08:36] {cujo} morning larisa

[08:36] {nemo} dog...

[08:36] {cujo} nemo

[08:37] {Threei}  anyone here is a fan of Lost?

[08:37] {nemo} Hey Hawk...Bruins might actually make some serious noise this year...only been 20 years

[08:37] {nemo} No

[08:38] {hawkfan4} They are looking good.  i'm just glad the Hawks are finally starting to get it together.  It's been a long time since they've been even decent.

[08:39] {nemo} I can empathize

[08:39] {hawkfan4} i am Vad

[08:40] {KSystems} Yes Vad

[08:40] {KSystems} love it

[08:40] {Threei}  :)

[08:40] {Threei}  creators said befofe this season start, they are in answers mode now,

[08:40] {KSystems} but dont spoil me =) recent two seasons havent aired in germany

[08:41] {Threei}  yeaterday's episode, if anything, only adds questions, lol

[08:41] {Threei}  oh, wow

[08:41] {Threei}  that's a bummer

[08:41] {Threei}  IMO, last two are the best

[08:41] {ese} morning

[08:41] {Threei}  ese :)

[08:41] {hawkfan4} hey es

[08:42] {Threei}  they are on internet somewhere I believe KS

[08:42] {Threei}  ad before the episode had url

[08:44] {Threei}  http://abc.go.com/primetime/lost/index?pn=index

[08:45] {Threei}  oh, great

[08:45] {Threei}  only for USA veiwers

[08:46] {nemo} maybe a torrent site

[08:46] {Threei}  but that would be commerial-free

[08:48] {ese} hey hawk.....was down on the floor doing stretching exercises

[08:48] {i2romantis} morning everyone!

[08:49] {Threei}  i2r :)

[08:49] {cujo} morning i2r

[08:49] {hawkfan4} that actually sounds like a good idea es

[08:50] {Threei}  (RU) RUSSIA PM PUTIN REPORTEDLY SETS OIL EXPORT DUTY AT $100.90/TON

[08:50] {Threei}  great... now we have to convert ton to barrel

[08:51] {nemo} The Tsar is back....

[08:51] {nemo} that's like $25 a barrel

[08:52] {Threei}  with abundance of oil on the market, sounds like surefire way to render themselves irrelevant

[08:52] {nemo} or give others ideas

[08:53] {cosmo} why burn oil when you can burn bridges?

[08:53] {nemo} Only temporary cosmo

[08:54] {cosmo} yes... fires eventulaly die

[08:54] {Threei}  I saw Gore on TV yesterday... he told me we are at the tipping point

[08:54] {cosmo} eventually

[08:54] {cosmo} cheers then

[08:55] {Threei}  I expected the sentence to end with "... frm warming to cooling"

[08:55] {Onix} you spoke to Gore on TV Vad?

[08:55] {Threei}  well, they talk to me... sometimes I try to asnwer

[08:55] {Onix} :D

[08:55] {Threei}  but my answers are rarely suitable for women and children

[08:56] {nemo} Yeah, archeologists centuries from now will find him frozen in a glacier

[08:56] {Onix} :O

[08:56] {Threei}  and considering how rich Russian is in swearing department...

[08:58] {Onix} you don't have one of those rubber bricks you can throw at the tV?

[08:59] {Onix} it works better than throwing the remote ... trust me

[09:01] {Threei}  no, I don't go that far

[09:02] {Threei}  swearing at TV is relaxation tchnique to me

[09:03] {nemo} I was at a party once where the guy who owned the place got up and put a 1 wood right through the screen...relaxation I guess

[09:03] {nemo} nice swing actually

[09:04] {cujo} what was showing on the TV that made him that mad?

[09:04] {cujo} and by 1 wood, do you mean a Driver or a 1 iron?

[09:04] {hawkfan4} i'm guessing it was CNBC

[09:04] {cujo} ha ha ha

[09:05] {nemo} I was "rather drunk at the time" to quote a favorite Pom.  I don't remember 1 wood=driver, yes.  Sorry....OLD school.  Nah, twenty years ago.

[09:05] {cujo} ha ha ha.  that is funny.  

[09:06] {nemo} Yeah, good thing I was driving...could barely walk

[09:06] {dino} gm all

[09:07] {nemo} dino :)

[09:08] {dino} gm nemo

[09:09] {Threei}  dino :)

[09:09] {cujo} morning dino

[09:09] {cujo} you make the McDonalds run this morning?

[09:10] {fernp} Hello everybody

[09:10] {Threei}  fern :)

[09:10] {elepet} good morning all

[09:11] {nemo} little C&H on FAZ just broke

[09:11] {Threei}  good morning elepet, congratulations on timely DRYS exit

[09:11] {hawkfan4} no kidding, nice job

[09:11] {dino} no cujo, magoo's upset

[09:12] {cujo} :(

[09:13] {dino} sidetracked, daughters' at my office skipping school

[09:13] {cujo} ahh, bring your kids to work day.  

[09:13] {cujo} Dino jr.

[09:13] {ese} am still long DISH  .29 from yesterday....am gonna dump at open

[09:13] {dino} no, he got on the bus

[09:14] {Threei}  12.29?

[09:14] {elepet} thanks. i wasn't sure anyone saw that post. it really was sstrange. 6 minutes before close i sold half. 3 minutes later i had a panic call and sold the rest. not at the price i wanted but enough. whew.

[09:14] {ese} 13.29

[09:14] {cujo} great call el

[09:15] {Threei}  I saw elepet, was happy to see

[09:15] {ese} should have gotten rid of it at .45 to .50 but wasn't near my computor

[09:15] {ese} hanging defeats purpose of the trade ...was just a day trade

[09:16] {cujo} Vad, outside of usual suspects, anything you think we should keep a close eye on this AM?

[09:17] {Threei}  not at this point, I don't see anything trading in unusual enough way to warrant special attention

[09:17] {magoo} SIGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

[09:17] {Threei}  sheesh... magoo, torture is forbidden now, haven't you heard

[09:17] {Threei}  so id self-torture

[09:17] {Threei}  in which you are engaged

[09:18] {dino} well; hell is repetition (storm of the century)

[09:19] {cujo} s qqqq .01

[09:19] {Threei}  as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:19] {ese} the only way that little message could be more annoying is if they put in capitols and highlighted the word "YOU" are not permitted etc etc

[09:19] {Threei}  lol

[09:20] {nemo} Or...they lifted your name and inserted that..

[09:20] {magoo} you are not coming up in floor today vad

[09:21] {Threei}  I am

[09:21] {Threei}  [09:19] {Alert} Threei as much as ChanServ enjoys it... I'd still urge you to talk to KS and set it up right finally :)

[09:21] {Threei}  [09:19] {Alert} Threei lol

[09:21] {Threei}  [09:21] {Alert} Threei I am

[09:21] {Threei}  that's from floor

[09:22] {i2romantis} he is, as far as I can tell

[09:22] {i2romantis} maybe config on your end, mag

[09:22] {magoo} not in mine

[09:22] {i2romantis} odd

[09:23] {nemo} Yep...I get vad 5x5

[09:23] {KSystems}                                                                                                                                                                                                                                                                                                                                         whats happening magoo?

[09:23] {KSystems} oops

[09:23] {i2romantis} markets are also odd this morning, opening below the waist

[09:23] {nemo} that's where magoo thinks

[09:23] {nemo} a pimple on his a$$ is a brain tumor

[09:23] {nemo} had to...sorry

[09:25] {magoo} i need help K..but later ok?

[09:25] {KSystems} sure

[09:25] {magoo} vad type sdomethging

[09:26] {Threei}  sdomethging

[09:26] {hawkfan4} lol

[09:26] {cujo} he he he

[09:26] {nemo} type it vad...not copy/paste

[09:26] {Threei}  {magoo} i need help {--- I waited for this admission for years

[09:27] {magoo} ty..weird..fist time flloor been dead..its open ..just says im in that room which is diferent too

[09:27] {nemo} were you sitting down?

[09:27] {magoo} but wanna trade 

[09:27] {magoo} so later

[09:27] {Threei}  skipping first min utes guys, don't see anything trade-ready

[09:29] {i2romantis} my hunch is that DRYS is too low, we'll see

[09:29] {Threei}  could be i2r, it's just first reaction on such dump is violwent,

[09:30] {Threei}  risk is large, and this was not a very safe stock to begin with

[09:30] {i2romantis} true

[09:30] {dino} secondary $500m drys

[09:30] {Threei}  I would prefer very sharp selloff on it, one of those "out of anything remotely reminding sensible"

[09:31] {Threei}  those produce more readable scalps

[09:31] {dino} might be easier to play tbsi, nat

[09:31] {Threei}  or prolonged consolidation, digestion of selling pressujre, then break

[09:32] {Threei}  FAS nice jump

[09:32] {Threei}  watching if it pulls back again to form double bottom

[09:32] {dino} ndx gap 1194, 845, 8083

[09:33] {hawkfan4} nice heads up on DRYS vad, thx

[09:33] {hawkfan4} wow

[09:33] {Threei}  wild one

[09:34] {Threei}  drop to 9.20 will probably be wort a try

[09:34] {Threei}  and FAS to about 11

[09:35] {ese} L SYMC .60

[09:35] {ese} stop .50

[09:36] {ese} out dis by the way at .20 -.09

[09:36] {Threei}  DRYS

[09:36] {ese} DISH

[09:36] {dptl} gm all

[09:36] {Threei}  in .17

[09:36] {Threei}  stop under 9

[09:36] {Threei}  half lot

[09:38] {Threei}  stop to under .10

[09:39] {Threei}  out

[09:40] {ese} Symc stopped 

[09:40] {ese} .01 -.09

[09:41] {ese} thought that it had the moxy to go....

[09:41] {Threei}  wow POZN

[09:41] {i2romantis} DRYS is staying above water while the rest of the market is taking a dive

[09:41] {Threei}  06:06am [POZN] Informed by FDA That Endoscopic Gastric Ulcer incidence continues to be an acceptable primary endpoint

[09:42] {Threei}  yeah, I guess was worth holding a bit

[09:42] {ese} long SEPR .40

[09:42] {Threei}  anyway, if you are still in, start taking profit

[09:42] {ese} full lot

[09:43] {ese} out SEPR .60 +.20

[09:44] {Threei}  good one

[09:44] {Threei}  and qwuick

[09:44] {ese} like quick for sure

[09:45] {Threei}  FAS

[09:45] {cujo} c & h drys?

[09:46] {Threei}  coming into bounce zone

[09:46] {dino} sigi

[09:46] {Threei}  as close to 11 as possible

[09:46] {Threei}  to 11.10, sorry

[09:47] {Threei}  not really on DRYS, cujo

[09:47] {cujo} got it

[09:48] {dino} sqnm

[09:49] {ese} long STX .98

[09:49] {dino} cat hap fill

[09:50] {Threei}  FAS

[09:50] {KSystems} in .05

[09:50] {Threei}  in .05

[09:50] {magoo} .10 here

[09:50] {cujo} .05

[09:51] {Threei}  stop under 10.90

[09:52] {Threei}  come on, that's serious overstretch

[09:52] {Threei}  bounce already

[09:52] {Threei}  grrr

[09:52] {KSystems} stopped here

[09:52] {dino} watching cat, sigi, sqnm, t, mcd

[09:53] {larisa} APOL is only happy one thi smorning

[09:54] {nemo} Mags...go to the bathroom

[09:54] {hawkfan4} watching HIG

[09:54] {magoo} need another cup joe first

[09:55] {Threei}  16 break on HIG hawk?

[09:55] {hawkfan4} .05 for me

[09:55] {magoo} in HIG 16

[09:55] {cujo} got back into fas .83

[09:55] {cujo} out .93

[09:56] {Threei}  wtg

[09:56] {hawkfan4} drys holding nice too

[09:57] {ese} OK Vad need your guidance on STX     had 2 1/2 lots at .98   real quick stop .94 I'm up .02   any thoughts

[09:57] {ese} not had ...have

[09:58] {ese} looks up....

[09:58] {Threei}  no idea es... trades too slow to tell anything

[09:58] {hawkfan4} watching GS for dbl bottom too

[09:58] {ese} tks

[09:59] {nemo} Battle of Hastings moment for FAS

[10:00] {Threei}  DEC NEW HOME SALES: 331K V 397KE

[10:00] {cujo} thanks hawk, caught that bounce for + .10

[10:00] {cujo} GS

[10:00] {hawkfan4} nice :)

[10:00] {Threei}  (-14.7% M/M)

[10:00] {cujo} rimm fast selling

[10:01] {Threei}  HIG looks better now

[10:02] {Threei}  FAS is probably ready

[10:02] {fernp} cover HBAN +.10

[10:04] {ese} out STX .06 + .08 

[10:04] {dino} sm mcd l .50

[10:04] {ese} 2 1/2 lots couple a hyndred bills....nerve racking

[10:05] {KSystems} l FAS .57

[10:05] {ese} don't trade with size like that very often.....

[10:05] {KSystems} out FAS +.10

[10:05] {hawkfan4} in HIG

[10:06] {hawkfan4} stop under .80

[10:06] {dino} cat sm l .00

[10:06] {KSystems} took HIG from .01 to .10 thanks hawk

[10:07] {hawkfan4} np :)

[10:08] {cujo} Hawk in fuego

[10:08] {magoo} i was thinking .43 area exit HIG

[10:08] {hawkfan4} me too mags

[10:09] {magoo} lowest i saw was .88

[10:09] {dino} mstr

[10:10] {dino} axys

[10:11] {magoo} no mkt help hawk

[10:12] {ese} mstr long dino?

[10:12] {dino} no

[10:12] {dino} liking axys for bounce

[10:13] {ese} was looking at LRCX

[10:13] {ese} for bounce

[10:14] {dino} you remind me of bruce es

[10:14] {dino} compliment. he mad me $

[10:14] {ese} purquo?

[10:15] {ese} long LRCX 1/2 .24

[10:15] {dino} lrcx pretty good miss

[10:16] {dino} wynn good drop, coming into 5 day support

[10:16] {Threei}  COCO 52 weeks highs

[10:17] {ese} if QQQQ heads up i may stay with LRCX....but i might have missed the momentum

[10:18] {dino} trade the plan es

[10:19] {ese} ya...good point stop is at .10

[10:19] {Threei}  SQNM

[10:19] {Threei}  CEO: BELIEVES SELL OFF TODAY ATTRIBUTED TO REPORT OF A FALSE POSITIVE IN DATA RELEASED YESTERDAY - CNBC COMMENTS

[10:21] {dino} sort of like a preg scare

[10:21] {hawkfan4} definitely no lose on HIG now

[10:21] {dino} real$ saying same 3i

[10:21] {ese} stopped LRCX .07

[10:22] {ese} -.17 on 1/2

[10:22] {ese} auchhhhhh du myaa!!!

[10:23] {cujo} l MCD .44

[10:24] {ese} looks good on pullback cujo

[10:24] {ese} could be triple botom

[10:25] {magoo} long Q .85

[10:25] {magoo} .74 stop[

[10:25] {magoo} kickin HIG

[10:25] {magoo} taking too long

[10:26] {hawkfan4} GS 85.10 break should help

[10:26] {hawkfan4} nice

[10:26] {magoo} wow..nice kick

[10:26] {cujo} out mcd .50

[10:26] {Threei}  hig looks to me a better play as entries on those gut-wrenching pullbacks and sell into spikes

[10:27] {ese} good one cujo

[10:27] {cujo} thanks ese

[10:27] {magoo} id say it applies to all today vad

[10:27] {Threei}  yes mags, I mean as in multiple plays vs. hold

[10:28] {magoo} mkts a biut overbought here...4 days up...weak volume

[10:28] {magoo} bit

[10:28] {magoo} risk is  to downside

06[10:29] * dino slaps magoo around a bit with a large trout

[10:29] {Threei}  APOL and COCIO non-stop

[10:29] {magoo} what for ding dong?

[10:29] {Threei}  I wonder if CECO want to play catch-up

[10:29] {dino} exp week, gaps almost filled, -140 dji, short is risky imo

[10:30] {dino} probabilities

[10:30] {larisa} CHK no pullbacks too 

[10:30] {dino} wynn sm l .50

[10:31] {magoo} news APOL vader?

[10:31] {dino} n.gas -186 bcf

[10:31] {Threei}  no... general strength in education sector

[10:32] {magoo} ill go get some bananas to dangle over coco "the monkey" if u choose to enter

[10:33] {dino} cpla not following, watching it

[10:33] {ese} L SEPR .18 3/4

[10:34] {Threei}  here comes anohtre one of those HIG pullbacks

[10:34] {Threei}  quick .24 - .38 scalp

[10:35] {hawkfan4} 1/2 out .44

[10:35] {ese} out SEPR .36 +.18

[10:36] {dino} gj

[10:36] {ese} tks

[10:37] {cujo} Vad, missed the HIG, would you get back in on another pullback to .20s?

[10:37] {Threei}  can't tell in advance cujo

[10:37] {Threei}  it's kind of tick by tick read

[10:37] {KSystems} in current uptrend could be around .30 as well?

[10:37] {magoo} anyone take Q call? let it trade

[10:37] {magoo} should see 30

[10:37] {Threei}  right KS

[10:37] {cujo} ok

[10:39] {dino} larisa close +150ish

[10:40] {larisa} i like optimists :)

[10:40] {dino} next week i'll switch sides

[10:41] {hawkfan4} .40 stop for the rest of HIG

[10:41] {dino} cpla may try to catch up w/esi coco, apol on break of .00

[10:42] {Threei}  HIG is break-ready

[10:44] {KSystems} got +.10 on HIG thanks vad

[10:45] {Threei}  :)

[10:46] {KSystems} s hl LBTYA .74 stop @.96

[10:47] {dino} axys sm l .78

[10:47] {Threei}  sheesh... can you believe FAS?

[10:49] {Threei}  HIG

[10:49] {Threei}  watch pullback

[10:49] {Threei}  won't be possible to call on the go most likely,

[10:50] {Threei}  what you want to see is this instant teleportation 10-15 cents lower

[10:50] {Threei}  pause for entry, then quick ramp back up to dump into

[10:51] {Threei}  GS

[10:51] {Threei}  TO REPORTEDLY SELL 10 YEAR NOTE NOT BACKED BY FDIC - UNCONFIRMED REPORT

[10:51] {KSystems} s hl AFG .17 stop @.39

[10:52] {dino} apei joining ed stocks move

[10:54] {ese} L CENX .70 

[10:55] {dawg} thanks magoo got .30

[10:55] {dawg} Q's

[10:56] {magoo} nice dawg..welcoime

[10:56] {dawg} ).

[10:57] {hawkfan4} sold rest hig .53, getting sleepy staring at it

[10:57] {fernp} cover MWV +.12

[10:57] {dino} gj

[10:57] {magoo} out too .50 hawk

[10:58] {ese} indeed nice doughggg

[10:58] {hawkfan4} nice mags

[11:05] {dino} axys stopped -.38

[11:05] {Threei}  FED TO PURCHASE AGENCY DEBT TOMMOROW

[11:05] {Threei}  {FNM FRE}

[11:08] {Threei}  HIG is practically indifferent to market selling here

[11:12] {Threei}  aiming for 17

[11:15] {dptl} grabbed .75 to .95 hig

[11:15] {Threei}  :)

[11:16] {KSystems} s IYW .92 stop @.02

[11:17] {dino}  stuck in tight range

[11:17] {dino} markets that is

[11:18] {larisa} dino, took several CAT scalps .10 -.25. ranging nicely. you still in ?

[11:21] {dino} gj larisa, yes, feeling .60s

[11:22] {dino} nice base tho, you may have the better idea

[11:22] {dino} markets coiling, big move coming

[11:23] {nemo} yeah, but which way ino

[11:23] {larisa} too close to 52W low. I am watching for CAT to break down. pessimist here :)  

[11:23] {larisa} but want it to hit .60 first for you :)

[11:23] {dino} lol

[11:23] {Threei}  WFC

[11:23] {Threei}  HEARING VAGUE CHATTER CIRCULATING OVER POSSIBLE SPOT SECONDARY OFFERING

[11:23] {nemo} not you too Larisa

[11:24] {dino} if markets get a bid, it will to, otherwise.......

[11:24] {Threei}  HIG seems to be done for now

[11:24] {Threei}  scalps on bounces, but no more new highs for a while

[11:25] {Threei}  PALM, something started happening here

[11:26] {nemo} There's somethin' happenin' here...what it is ain't exactly clear...

[11:30] {nemo} FAS vad?

[11:30] {Threei}  one more leg down would be nice

[11:31] {nemo} volume hasn't capitulated?

[11:31] {ese} see you all in about 1 1/2 hrs

[11:31] {Threei}  it generally tends to go a bit more just when it seems to be ready to reverse

[11:32] {Threei}  take care ese

[11:36] {hawkfan4} PALM

[11:37] {Threei}  I don't see news

[11:37] {Threei}  but something was breweing

[11:37] {cujo} that is me covering my short

[11:37] {hawkfan4} me either.  got .96

[11:38] {cujo} :)

[11:38] {hawkfan4} and missed that spike, doh

[11:39] {Threei}  that was speed of light

[11:39] {Threei}  but continues climbing

[11:39] {hawkfan4} i move more at the speed of syrup

[11:40] {Threei}  US HOUSE SPEAKER PELOSI: LOOKS FORWARD TO ANY REVISIONS CONDUCTED BY SENATE ON FINANCIAL BILL PASSED YESTERDAY

[11:40] {KSystems} IYW out 1/2 +.01

[11:40] {KSystems} blah

[11:40] {KSystems} +.10

[11:41] {larisa} :)

[11:43] {Threei}  holding well

[11:43] {Threei}  .20 and then .30 break should sky-rocket it

[11:44] {Threei}  unless it's some kind of stupid rumor that gets denied quickly

[11:44] {magoo} what stok vad?

[11:44] {cujo} palm

[11:44] {magoo} ty

[11:45] {KSystems} AFG out half +.22

[11:45] {hawkfan4} yeah, torn on selling, sold .14, but want it back

[11:46] {Threei}  GEORGE SOROS: EURO MAY NOT SURVIVE WITHOUT GLOBAL PLANS TO DEAL WITH ECONOMIC CRISIS

[11:49] {Threei}  if not for this decreasing volume on daily, I would confidently say PALM is looking for 9

[11:49] {hawkfan4} back in .12 avg

[11:50] {dino} soro is short the euro obviously

[11:50] {nemo} Vad's short the euro

[11:51] {magoo} and nemo's just plain short 

[11:51] {nemo} stuck my chin out on that one

[11:51] {Threei}  I am pretty sure euro is in grave danger

[11:51] {dino} lol

[11:51] {Threei}  .20 is taken

[11:52] {dino} could be vad, of course the $ was too a few months ago. cycles imo

[11:52] {Threei}  well... euro has additional risks that $ doesn't

[11:52] {KSystems} in PALM

[11:52] {nemo} yeah...how many countries?

[11:52] {dino} yes, members may get out

[11:53] {Threei}  right... EU cohesion is a big risk factor

[11:53] {nemo} no, germany will want to get out...euro=deutschmark

[11:53] {nemo} stimmt herrn K?

[11:55] {magoo} restroom indicator still in force

[11:55] {dino} t getting interesting

[11:55] {magoo} represents UP

[11:56] {magoo} long MCD .35

[11:56] {Threei}  remember NURO mentioned around 1.30?

[11:57] {hawkfan4} GS cup/handle 85-85.10 break, extra risky

[11:57] {cujo} b MCD .36

[11:58] {magoo} half out here cujo LOL

[11:58] {cujo} ;)

[11:58] {dino} roflol

[11:58] {hawkfan4} vad, u in NURO?  Was looking at it yesterday, it's nonstop

[11:59] {Threei}  no... took at at .33 when mentioned but sold .5 something

[11:59] {Threei}  looks aiming for 2 at least now

[12:01] {KSystems} palm stop is {.10 ?

[12:01] {Threei}  I guess... it's hard to place stop on momo movers, technicals do not really apply... but gotta have it somewhere

[12:02] {KSystems} IYW out 1/4 more +.20

[12:02] {Threei}  nice

[12:02] {hawkfan4} yeah, mine's under 8, see what happens if it gets there

[12:02] {larisa} gj KS

[12:02] {cujo} stopped mcd

[12:02] {KSystems} thanks

[12:02] {hawkfan4} don't want to end up married to my palm ;})

[12:02] {KSystems} stopped PALM

[12:03] {Threei}  FAS is getting spmewhere now

[12:03] {hawkfan4} HIG big pullback

06[12:06] * KSystems is listening to Yes - Changes

[12:06] {KSystems} encountered it a few days ago, this is a big one

[12:06] {KSystems} before you pick on my age Vad, I knew it before, just FOUND it again

[12:06] {nemo} My God...I remember when the first came out!

[12:07] {nemo} Mood for a Day

[12:07] {elepet} PALM...is anyone in it now? i'm in at 8.00

[12:07] {Threei}  KS, that won't help you much... I am going to pick up on you anyway, simply because that's what I do

[12:07] {hawkfan4} i am elepet, 8.12, scalped it once already

[12:08] {KSystems} thats just my foolish optimism

[12:09] {dino} pearl jam here ks

[12:10] {magoo} this has got to be 1 of your hardest weeks vad

[12:10] {nemo} playing "Over the Hills and Far Away" here

[12:10] {Threei}  in quite a while, yes

[12:12] {hawkfan4} trying HIG .25, stop .19

[12:12] {dino} evenflow nemo

[12:13] {dino} but it's a 90s alt. rock station so changes

[12:13] {dino} sm t l .65

[12:13] {Threei}  should be good for above .40 if market doesn't die hawk

[12:15] {hawkfan4} thx, i'll take it. GS needs to stop dying b4 the market rallys imo

[12:17] {hawkfan4} stopped HIG

[12:17] {KSystems} sm l ALK .59 stop @.38

[12:21] {magoo} very confusing mkt here

[12:22] {magoo} thought crash coming....now seems like trying

[12:24] {nemo} ascending triangle on FAS?

[12:26] {dino} it's a winnie the poo market, very confusal

[12:30] {KSystems} ALK half out +.21

[12:37] {magoo} someone wake vad..mkt moving

[12:37] {Threei}  where?

[12:37] {magoo} Q rIMM GS MCD

06[12:37] * KSystems slaps Threei around a bit with a large tape

[12:38] {dino} gj ks

[12:38] {KSystems} ty dino

[12:38] {Threei}  FAS is honestly trying

[12:40] {Threei}  not very successfully though

[12:40] {Threei}  so... where is it market moving?

[12:41] {larisa} I like this guy who is selling his system on CNBC:) claiming he made 100+K a day trading live in NY in front of customers. Offering his system for free, just s&h :) Why does he even bother to sell anything, just make 100K a day and be happy.

[12:41] {KSystems} ALK out rest +.10

[12:41] {magoo} [12:40] {Threei}  so... where is it market moving?

[12:41] {magoo} false alarm...again sigh

[12:42] {magoo} go back to sleep..ill wake u if

[12:42] {Threei}  I can go back to sleep?

[12:42] {Threei}  cool

[12:42] {larisa} no, talk to us

[12:42] {Threei}  I just don't want to jump on each tick

[12:42] {Threei}  they all get faded both directions

[12:43] {dino} kid rock

[12:43] {KSystems} AFG out 1/4 more +.44

[12:44] {Threei}  KS is killing it

[12:44] {KSystems} should have done this way earlier probably...

[12:44] {dino} nice

[12:55] {Threei}  (US) SENATOR SCHUMER (D): EXPERTS SAY "BAD BANK" COULD COST $1-4T

[12:55] {KSystems} LBTYA out half +.22

[12:55] {Threei}  there you go

[12:55] {Threei}  whole rally was based on hope for that bad bank

[12:58] {fernp} cover QQQQ +.10

[12:58] {dino} dji gap filled

[13:02] {Threei}  siting it out

[13:03] {Threei}  no way to tell whether we get worhy bounce or just crash'

[13:09] {Threei}  PALM is more or less holding

[13:21] {Threei} Long Setup:  GG  .40

[13:21] {Threei}  if stays above .30

[13:31] {Threei}  V?

[13:32] {Threei}  what's with this dog?

[13:32] {KSystems} l NJR .83 stop @.68

[13:33] {Threei}  HOUSE REP WAXMAN: EXPECT TO INTRO NEW TOBACCO REGS WITHIN WEEKS

[13:33] {Threei}  welcome to big nanny state

[13:35] {dino} yes.

[13:35] {dino} worse, the gov't subsidizes the tobacco growers, then taxes the manufactiueres. makes alot of sense...not

[13:35] {dino} manufacturers

[13:37] {Threei}  we nationalize banks and failed businesses, decide what you smoke, what you eat, what you earn, whether you can possess a gun... I am right back to USSR

[13:37] {dino} gets worse every year

[13:37] {cujo} see ya all.  Going to call it a day. 

[13:37] {cujo} catch you in the morning

[13:38] {Threei}  take care cujo, I don't think you'll miss much, lol

[13:38] {cujo} :)  HOpe not. 

[13:38] {dino} cya

[13:38] {dino}  brb

[13:38] {magoo} bye cujo

[13:38] {KSystems} NJR stopped -.17

[13:46] {magoo} gun to head...UP

[13:47] {nemo} Mow!

[13:47] {magoo} u in MOW?

[13:48] {nemo} No, you said gun to head, made me think of the vietnamese guy in Deer Hunter

[13:51] {KSystems} LBTYA out 1/4 more +.44

[13:53] {Threei}  not good KS

[13:53] {KSystems} ???

[13:53] {Threei}  market suffers... you should suffer with it

[13:53] {KSystems} oh

[13:53] {nemo} duck KS

[13:54] {KSystems} does it help saying its just on paper?

[13:54] {larisa} it is ?

[13:54] {KSystems} yes

[13:54] {KSystems} you didnt trade it did you?!

06[13:54] * larisa slaps Threei around a bit with a large trout

[13:54] {Threei}  hmmm... what was that for?

[13:55] {larisa} i am bored :)

[13:55] {Threei}  oh

[13:55] {Threei}  that's valid reason to slap people in your opinion?

[13:55] {larisa} it is

[13:55] {Threei}  okay then

[13:55] {nemo} wonder what's i her closet?

[13:56] {Threei}  AKM 47 I suspect

[13:57] {nemo} what's the "M" stand for?

[13:57] {KSystems} only suitable for "male" targets nemo

[13:58] {Threei}  modernized

[13:58] {nemo} Automat Kalishnikov, I just don't know what the M stands for.  She'd probably be better off with the '74

[13:58] {nemo} oh

[13:59] {Threei}  http://world.guns.ru/assault/as01-e.htm

[14:00] {magoo} im running into restrm nnow to help mkt

[14:00] {Threei}  I am hesitant to make a call on it, but PALM feels like something is ahead still

[14:04] {Threei}  if not for the general market conditions... 9 is the least it could do

[14:04] {Threei}  most likely more

[14:05] {elepet} i'm still in from 7.96 anad it feels strong for some reason.

[14:05] {Threei}  very

[14:05] {Threei}  S) SENATOR DODD (D): PRESIDENT AND FDIC MAY ANNOUNCE NEW ASSISTANCE FOR HOMEOWNERS AS SOON AS NEXT WEEK

[14:05] {Threei}  - says Obama may ask for more TARP funding beyond $700B, but would have to make a strong case for it.

[14:05] {Threei}  heh

[14:09] {Threei}  the way PALM trades makes me think some news is coming, and we see a result of leak

[14:10] {elepet} it actually has been going up steadily for the past couple of weeks.

[14:11] {Threei}  original gap and run was news

[14:13] {Threei}  01/23/09 12:37pm

[14:13] {Threei}  [PALM] Palm, Inc Best Buy Mobile Exec: We are holding talks to sell Palm's Pre smartphone, not yet ready to announce retail deal

[14:13] {Threei}  - says also in discussions with Sprint

[14:13] {Threei}  maybe these talks are getting somewhere

[14:15] {hawkfan4} had to run out for a bit, glad i survived PALM 

[14:17] {dino} what were you doing?

[14:17] {magoo} try hand lotion hawk

[14:18] {Threei}  meanies

[14:18] {hawkfan4} :) lol, i stepped right into my own trap

[14:18] {nemo} glad I wasn't...nevermind

[14:18] {dino} lol

[14:19] {elepet} I'm getting hungry. Please babysit PALM while I'm gone.

[14:19] {Threei}  just in case, lut in sell order at 8.95

[14:19] {magoo} im up 17 dollar menu cheeseburges here

[14:19] {elepet} good idea

[14:20] {Threei}  who knows wat happens while you are out... would be a shame to return to see it ran and droped

[14:21] {Threei}  VP BIDEN: CHINA MUST PLAY BY THE RULES LIKE ALL OTHER MAJOR PLAYERS

[14:21] {Threei}  sigh

[14:21] {dino} biden, please shut up

[14:22] {dino} the v.pres. should be seen and not heard

[14:22] {Threei}  GERN some activity

[14:23] {cosmo} PALM needs to hold

[14:23] {cosmo} or its a double top

[14:23] {cosmo} imho

[14:24] {cosmo} 8

[14:25] {Threei}  holding 8 and returning to high would be C&H

[14:25] {dino} vsec

[14:26] {hawkfan4} tomy

[14:26] {cosmo} palm needs a handle tho

[14:27] {dino} vsec was the -20 mover last week on contract loss

[14:28] {hawkfan4} news on it

[14:28] {dino} 389m contract 2 yr win

[14:29] {KSystems} LBTYA rest out +.25

[14:29] {hawkfan4} yep, have briefing on a diff computer right now, can't post

[14:29] {magoo} any read GS HAWK?

[14:29] {Threei}  some encouraging talk here:

[14:29] {Threei}  WHITE HOUSE PRESS SECRETARY GIBBS: Q4 GDP DATA TOMORROW COULD BE "STAGGERING"

[14:29] {Threei}  - note: Q4 advance GDP data due out at 8:30amET Friday (this is the first of three readings on Q4 GDP)

[14:30] {hawkfan4} gut is it recovers some, long over 84.30 should get it going

[14:30] {magoo} TY bud

[14:30] {dino} these politicians are idiots. like anybody expects good gdp #s

[14:30] {hawkfan4} np, i'm watching it

[14:30] {Threei}  GERN... on daily, 7.50 is important resistance to break

[14:34] {hawkfan4} HIG trying off .50

[14:37] {hawkfan4} nice VSEC dino, took 100 shrs 27.72, thx

[14:37] {dino} gj

[14:41] {KSystems} AFG out rest +.36

[14:43] {Threei}  laserdave, dcc

[14:49] {dino} ks in the zone today, gj

[14:50] {Threei}  yeah, KS and hawk are truly irritating today

[14:50] {larisa} lol

[14:50] {Threei}  :)

[14:50] {hawkfan4} hey! :)

[14:50] {dino} lol

[14:50] {hawkfan4} every dog has his day

[14:50] {KSystems} hey thank you

[14:51] {KSystems} was about time though

[14:51] {Threei}  and the only reason it bothers me is that it's usually my place, pleasure, right and privilege to irritate people

[14:51] {Threei}  I am good at it... and now I feel competition

[14:52] {KSystems} difference is, vad, YOU dont have to be profitable to be irritating

[14:52] {hawkfan4} lol

[14:52] {larisa} rofl!

[14:52] {Threei}  yeah, it comes to me naturally

[14:52] {Threei}  kind of built-in feature

[14:53] {larisa} sometimes you guys can be funny..

[14:53] {Threei}  funny - sometimes... iriitating - aleays. That's my credo

[14:55] {KSystems} s hl FLIR .13 stop .26

[14:56] {hawkfan4} PALM trying for the handle

[14:57] {Threei}  unless market ruins it... volume shaped up for the cup

[15:03] {Threei}  GERN

[15:03] {Threei}  how about that

[15:03] {magoo} u in PALMN?

[15:04] {KSystems} FLIR stopped -.13

[15:04] {Threei}  ashamed to say, yes

[15:04] {magoo} where?

[15:04] {Threei}  anyone took GERN on break?

[15:04] {Threei}  right here mags

[15:04] {Threei}  8.01

[15:04] {tomg} i did vad

[15:04] {Threei}  cool beans tom

[15:04] {tomg} still have 100

[15:05] {Threei}  if protected most of profit, I wouldn't care about 100

[15:05] {tomg} ok

[15:05] {Threei}  7.40 is clean support

[15:06] {Threei}  let it trade with stop under .40 for that last 100

[15:06] {tomg} ok, ty

[15:07] {Threei}  just don't chase it anyone

[15:07] {nemo} I miss anything the last 5 minutes...power out

[15:08] {Threei}  it's not on the stage of the move where chasing is allowed

[15:08] {nemo} what stock, Gern

[15:08] {nemo} Hey KS, you like "Gern"?

[15:08] {KSystems} sigh

[15:08] {Threei}  yes nemo

[15:09] {nemo} sorry k

[15:09] {KSystems} *G*

[15:09] {KSystems} i was wondering who'd be the first to ask

[15:11] {nemo} they'd have to have some background

[15:18] {hawkfan4} GS waking up a bit

[15:19] {magoo} u in?

[15:19] {Threei}  stage

[15:19] {Threei}  huh

[15:19] {magoo} [15:18] {hawkfan4} GS waking up a bit

[15:19] {hawkfan4} not yet, want decisive move over 84 area, keeps getting hammered down

[15:24] {nemo} Charlie Gasparino let go an "Fbomb" on CNBC?

[15:24] {dino} lol

[15:25] {nemo} tp://vodpod.com/watch/1321036-gasparinos-f-bomb-its-a-stupid-fucking-gasp-then-pause-its-a-stupid-debate-?pod=misstrade

[15:26] {dino} i guess cnbc will use that for the reason the markets dropped today

[15:26] {nemo} His last day on the job...at the end of the segment you hear, "Hello, YouTube."

[15:27] {nemo} financials dumping but palm holing...so far

[15:28] {Threei}  ag

[15:28] {Threei}  never mind

[15:29] {nemo} frustrating...huh Vad?

[15:29] {Threei}  ?

[15:29] {nemo} the day

[15:29] {Threei}  not really

[15:29] {nemo} o.k.

[15:29] {Threei}  just sitting out days when I am cold as cucumber

[15:30] {nemo} So...is palm on a cliff, or a springboard?

[15:30] {Threei}  trading for many years, you don't put much significance in any given day

[15:31] {Threei}  look at FAS

[15:32] {nemo} cliff

[15:33] {dino} s/p gap filled

[15:38] {nemo} love this on the market"

[15:38] {nemo} Were seeing a bit of indigestion, said Larry Dyer, a U.S. interest-rate strategist with HSBC Securities (USA) in New York, one of 17 primary dealers that are required to bid in Treasury auctions. Its a mini bear market, and were underwriting in it.

[15:39] {nemo} mini-bear market

[15:42] {hawkfan4} wow, hig dump

[15:43] {Threei}  NY INSURANCE REGULATOR DINALLO: PLANS TO VOTE AGAINST LIFE INSURANCE RELIEF AS MAY NEGATIVELY IMPACT POLICYHOLDERS

[15:43] {Threei}  {LNC HIG MET GNW}

[15:45] {larisa} who said yesterday  HIG goes to 21 nonstop ??? 

[15:45] {nemo} I dunno'?

[15:45] {larisa} the one with 3 eyes

[15:46] {nemo} geez larisa...talk about kickin' a guy when he's down!!!

[15:47] {nemo} I don't think an AK is the only thing untoward she has in her closet

[15:47] {larisa} he is not down :)

[15:47] {Threei}  [13:28] {Threei} frigin HIG will never stop

[15:47] {Threei}  [13:28] {Threei} ever

[15:47] {Threei}  [13:28] {Threei} it will just go to 19... 20...21...

[15:47] {larisa} see ? :)

[15:47] {Threei}  :)

[15:47] {larisa} I never trust men again, even vad

[15:48] {nemo} masochist/sadist

[15:48] {Threei}  right... my today's take is:

[15:48] {Threei}  HIG will never recover

[15:48] {Threei}  ever

[15:48] {Threei}  it will drop to 15...14...13...

[15:48] {larisa} ahha

[15:48] {nemo} Oh, well, if it weren't for women, we'd still be in the frickin' Garden of Eden!!!

[15:48] {larisa} not you nemo..

[15:49] {nemo} stuck my chin out again

[15:49] {dptl} gn all

[15:49] {Threei}  take care dp

[15:49] {nemo} me to bye!

[15:49] {dino} cya dp

[15:49] {larisa} bye :)

[15:49] {Threei}  wow GERN

[15:50] {Threei}  PALM absorbed an awful lot of selling here

[15:50] {nemo} yeah, in the market downswing

[15:51] {nemo} bye folks

[15:51] {elepet} decision time PALM...take $10 profit or hold?

[15:51] {larisa} lol

[15:51] {Threei}  take care nemo

[15:51] {Threei}  elepet... my suggestion:

[15:51] {KSystems} bye nemo

[15:52] {dino} looking as if the funds don't have the funds to mark up any more. the pattern is broken

[15:52] {Threei}  take position small enough not to hurt if something bad happens

[15:53] {Threei}  if it shows more strength tomorrow, you will have ample opportunity to add

[15:53] {dino} cya nemo

[15:53] {Threei}  FAS death was anything but painless

[15:54] {elepet} i have 1000 shares from 7.97.  tendancy is to hold.

[15:54] {Threei}  if it can gnaw through 8 before close, would be a nice encouragement

[15:55] {dino} well thats what you get w/cramer ranting all day yesterday to not fight the fed

[15:55] {Threei}  guy is amazing

[15:55] {Threei}  lookie lookie PALM

[15:56] {dino} i wish they would just say; "let the markets work it out, no more $"

[15:56] {Threei}  no chance

[15:56] {Threei}  they are determined to fix it

[15:57] {elepet} guess i'm holding.

[15:57] {KSystems} IYW out rest +.55

[15:57] {Threei}  wtg ks

[15:57] {KSystems} ty :)

[15:58] {dino} wtg ks good job

[15:58] {KSystems} lucky...

[15:58] {dino} lol

[15:59] {Threei}  hawk... see NURO?

[15:59] {dino} out cat -.09, out t +.10

[16:00] {hawkfan4} yes, bot a little .76 ;) couldn't stand it anymore

[16:00] {Threei}  lol

[16:00] {Threei}  ok gys, thank you all

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {hawkfan4} nite all

[16:00] {larisa} good night

[16:01] {fernp} good nite all

[16:01] {patience} goodnight guys, another good day in gold  :)