Feb 25 2009

Beautiful day on both sides, short and long. Shorted CAT twice, played long on RIMM multiple times, plus BAC, STT, GS and whatnot. Profitable trades become bigger lately, well beyond just scalps, while we manage to keep stops to a scalping size.

Session Time: Wed Feb 25 00:00:00 2009

[07:59] {magoo} mornink comrades

[07:59] {Threei}  good morning

[08:01] {Threei}  BAC is knocking on yesterday's high 4.75

[08:01] {magoo} u in? morning btw

[08:02] {Threei}  hi

[08:02] {Threei}  no

[08:02] {magoo} man fslr after hrs hit 147..look here

[08:02] {Threei}  guided flat to lower

[08:02] {nemo} did I miss anything?

[08:02] {magoo} imagine buying 146 

[08:02] {Threei}  not really

[08:03] {magoo} just this nemo..............

[08:03] {Threei}  that would be painful

06[08:03] * magoo slaps nemo around a bit with a large trout

[08:03] {nemo} Ahh...fresh fish for breakfast.  Nothing like cannabilism in the morning!

[08:03] {magoo} jesus...obama referrenced the private jet last nite vad

[08:04] {Threei}  sigh

[08:07] {Threei}  BALTIC DRY BULK INDEX -2.5%, A THIRD STRAIGHT DECLINE

[08:08] {Threei}  what can I say... that was a great speech

[08:12] {nemo} True words are not fine sounding.  Fine sounding words are not true

[08:20] {Threei}  nice BAC

[08:20] {Threei}  fess up magoo

[08:20] {Threei}  I am sure you couldn't resist and grabbed the break

[08:22] {magoo} nope..watching fslr

[08:27] {larisa} good morning

[08:27] {nemo} gm larisa :)

[08:27] {magoo} larisa:)

[08:28] {larisa} nemo, magoo :) what did you do with vad ?

[08:29] {Threei}  larisa :)

[08:29] {larisa} gm:)

[08:31] {Threei}  why do you think he did anything?

[08:34] {Threei}  interesting

[08:34] {Threei}  BAC continues exhibiting strength, FAS is reddish

[08:35] {nemo} what do you mean by "reddish"?

[08:35] {magoo} real money saying speech didnt address banking issues ./..

[08:35] {nemo} duh...he doesn't understand them, how can he address them?

[08:35] {Threei}  ummm... reddish is red but nit by much :)

[08:36] {Threei}  well... to his defense, since when is state of the union speech addresses such specifics

[08:36] {nemo} just want to make sure we're not talking about your favorite wine. "with just a hint of 'ally"

[08:37] {magoo} can u imagine if mccain had won...but thgen we had exact same situation as obama...how bad the media would be all over mccainb

[08:37] {nemo} Then again, after the spike yesterday a little snap-back for both FAS and FAZ could reasonably be expected

[08:37] {magoo} well vad...thats what mkt players were looking for

[08:38] {Threei}  we are supposed to get the details on March 4

[08:38] {nemo} and then we'll march forth....

[08:38] {Threei}  if they expected to hear them in yesterday's speech, that was dumb

[08:39] {Threei}  then again...

[08:39] {magoo} cramer saying u have to start selling today{although he has been a contra of late}

[08:40] {Threei}  start?

[08:40] {Threei}  lol

[08:40] {Threei}  I'd say you had to start selling a year and half ago

[08:41] {Threei}  tioday you'd be finishing

[08:41] {magoo} good one vad

[08:41] {Threei}  but, I don't expect today to be as giddy as yesterday

[08:41] {Threei}  at least not right now

[08:41] {_paliyad2009} finaly found where to type good morning:)

[08:41] {Threei}  good morning paliyad

[08:42] {Threei}  there is just one place for that, lol

[08:42] {Threei}  remember I said yesterday,

[08:42] {magoo} paliy:)

[08:42] {Threei}  as fine as yesterday's rally was,

[08:42] {Threei}  we are not of the woods yet by any stretch of imagination,

[08:43] {Threei}  that was just a taste of things to come, but not a start of consistent bull market yet

[08:43] {Threei}  it's start and stop regime for now

[08:44] {Threei}  so, for now the plan is:

[08:44] {Threei}  withdraw yesterday's "buy anything"

[08:44] {Threei}  and back to "be picky and careful"

[08:47] {Threei}  When asked what he thought the word meant, Bernanke said with a smile, Public-private partnership, I suppose.

[08:47] {Threei}  if that's not a embodiment of hypocrisy

[08:49] {magoo} listened to some ted nugent on ride to work..."mkts got u in a stranglehold baby...so u better get outof its wayyyy"

[08:52] {Threei}  I don't know why but some of major clearing houses yesterday rendered 16 leveraged ETFs "cash only, no margin"

[08:52] {Threei}  including FAS

[08:52] {Threei}  FAZ'

[08:52] {Threei}  and 14 others that we never traded

[08:53] {Threei}  if you want I can post full list

[08:55] {buyemsellem} good morning

[08:55] {nemo} Oh geez...quoting Ted Nugent...the Apocalypse is upon us...wife is pretty hot though

[08:55] {cosmo} First Solar (FSLR.O) shares slid after the closing bell on Tuesday after the designer and manufacturer of solar modules said the short-term outlook for the solar industry has never looked more difficult.   fyi

[08:55] {Threei}  buyem :)

[08:56] {buyemsellem} that's interesting about the "no margin" on those ETF's

[08:56] {buyemsellem} you have any idea why that could be?

[08:56] {nemo} yes...maybe there's pressure about there effect on the market?

[08:57] {Threei}  not really buyem, could be anything,

[08:57] {buyemsellem} I've heard complaints that things like inverse financial ETF's have been part of financials downfall

[08:57] {Threei}  one of guesses:

[08:58] {nemo} That's BS arguably, because if the banking system were in good shape FAS would be through the roof

[08:58] {Threei}  that particular clearing house had to send too many margin calls to traders playing leveraged ETFs

[08:58] {Threei}  and decided to limit their own risk

[08:59] {buyemsellem} OK

[08:59] {buyemsellem} yeah, sounded like a lame excuse to me. Like, yeah, banking sector is actually healthy it's the ETF's fault ha

[08:59] {cosmo} PNTR:  # Pointer Telocation Presents 2008 Results - Revenue of $76.6 Million Exceeds Company GuidancePR Newswire(Wed 4:57am)

[09:00] {Threei}  blame a thermometer for the fever

[09:00] {nemo} shooting the messenger

[09:01] {nemo} "Pull"..."Dropped like a stone."..."I love my peasants."

[09:01] {magoo} we are still oversold...but what  would really kill mkt enthusiam would be a big sell down today

[09:02] {Threei}  did Cramer bash SLW yesterday?

[09:02] {nemo} Yesterday seemed like a technical response to the last week

[09:02] {Threei}  pretty much

[09:03] {Threei}  widespread explanation is, markets reacted on Ben's optimistic forecats

[09:03] {Threei}  which IMO is bs

[09:03] {cosmo} solars seemed to anticipate that speech tho...

[09:03] {nemo} It would make sense to be flat or down today, although one would expect gold and mining stocks to move higher

[09:03] {Onix} gm all

[09:03] {Threei}  amount of IFs he insterted in his forecasts effective made his sppech a "things will be good if things go well"

[09:03] {Threei}  onix :)

[09:04] {Threei}  which in my book is far from a: deep wisdom and b) something inspirational for the market

[09:05] {cosmo} there will be growth ... in the Spring

[09:05] {Threei}  here, spring is here

[09:05] {cosmo} yep

[09:06] {Threei}  closer to opening I'l repost the working asssumption for the day for late arrivales

[09:11] {Threei}  meanwhile SLW is upticking

[09:14] {dino} gm all

[09:14] {Threei}  dino :)

[09:17] {fernp} Hello everybody

[09:17] {Threei}  fern :)

[09:19] {Threei}  be back in 5

[09:19] {dino} fslr blood

[09:19] {dino} wynn too

[09:23] {Threei}  (RU) RUSSIAN OIL OUTPUT TO FALL TO 120M TONS

[09:24] {Threei}  for late arivals:

[09:25] {Threei}  [08:42] {Threei} as fine as yesterday's rally was,

[09:25] {Threei}  [08:42] {Threei} we are not of the woods yet by any stretch of imagination,

[09:25] {Threei}  [08:43] {Threei} that was just a taste of things to come, but not a start of consistent bull market yet

[09:25] {Threei}  [08:43] {Threei} it's start and stop regime for now

[09:25] {Threei}  [08:44] {Threei} so, for now the plan is:

[09:25] {Threei}  [08:44] {Threei} withdraw yesterday's "buy anything"

[09:25] {Threei}  [08:44] {Threei} and back to "be picky and careful"

[09:25] {dptl} good morning all

[09:25] {Threei}  dp :)

[09:26] {larisa} FSLR made bad joke yesterday. Reported magnificent earnings, longs jumped on board. In 30 min in CC issued warning and stated 'difficult" situation, stock dropped 15%.

[09:28] {cosmo} sandbaggers

[09:28] {Threei}  often happens when earnings andguidance are reported separately

[09:28] {dino} i puller 2 bucks out of it in 3 minutes

[09:28] {Threei}  or when CC brings more details

[09:28] {Threei}  wtg dino

[09:29] {dino} lucky, entered 138 put sell in immediately 140, hit, went to 142, then collapsed

[09:29] {larisa} wow

[09:30] {cosmo} ERIC

[09:30] {cosmo} 8.13 hi so far

[09:31] {cosmo} needs to hold 8

[09:32] {pita} gm everyone

[09:32] {Threei}  pita :)

[09:33] {patience} gm RT  :)

[09:33] {Threei}  patience :)

[09:36] {nemo} I'm getting dizzy watching fas/faz

[09:37] {ese} morning

[09:37] {Threei} Short Setup: CAT  .70 half lot

[09:37] {Threei}  stop above .90

[09:37] {Threei}  ese :)

[09:37] {nemo} too fast

[09:37] {fernp} missed

[09:38] {Threei}  anyone's in?

[09:38] {nemo} When you getting that neural implant Vad?

[09:38] {Threei}  won't track it if not

[09:38] {magoo} missed

[09:38] {_paliyad2009} vad. will send email at end of the day to understand few things

[09:38] {Threei}  sure

[09:39] {ese} dino WYNN

[09:40] {nemo} K was ist mit Qs passiert?

[09:40] {Threei}  watching AKAM

[09:40] {Threei}  would like to get pullback into .70- .75 area

[09:40] {nemo} RIMM

[09:40] {Threei}  not really jazzed about breakout

[09:41] {dino}  i like it much lower es

[09:41] {dino} pretty bad report

[09:41] {Threei}  CAT , cover half here

[09:41] {Threei}  1:1

[09:41] {Threei}  stop to .75

[09:42] {pita} got it for a change, TY

[09:42] {Threei}  pita :)

[09:42] {Threei}  what to get really, bounced right into trigger :)

[09:42] {dino} hei?

[09:42] {pita} Yes, usually too slow

[09:43] {pita} me that is

[09:43] {nemo} why RIMM running?

[09:43] {Threei}  RIMM, watch for entry on pullback into 40.60

[09:44] {ese} thinner than wynn dino

[09:44] {nemo} here it comes

[09:44] {ese} bigger drop though

[09:44] {Threei}  PREVIEW: JAN EXISTING HOME SALES DUE OUT AT 10AMET

[09:44] {Threei}  **consensus expectation: 4.79Me (+1.1%e) v 4.74M prior

[09:44] {Threei}  - analyst estimates range between 4.5M to 4.9M

[09:50] {ese} nerves of steel mags.....good one

[09:50] {dino} out bceco leftover, .47, +.33

[09:50] {Threei}  anyone caufght RIMM pullback while I was off?

[09:51] {buyemsellem} didn't pull back far enough

[09:51] {nemo} mags shorted

[09:51] {buyemsellem} I guess it did in retrospect ha

[09:52] {ese} looks like i might be down too vad

[09:52] {pita} AKAM still good?

[09:53] {Threei}  with market resuming upward only

[09:53] {Threei}  and stop under .70

[09:54] {dino} hei es?

[09:54] {dino} wynn approaches lod

[09:54] {nemo} akam almost looks like a C&H short?

[09:55] {Threei}  not against the market, it's a follower

[09:55] {dino} wynn wait under 20

[09:55] {nemo} understood

[09:56] {Threei}  if you took AKAM long, scalp only, look to exit over .80

[09:56] {Threei}  stop under .70

[09:56] {fernp} DRYS breakdown Vad?

[09:57] {Threei}  hmmm

[09:57] {Threei}  chart is right

[09:57] {Threei}  it's just that it's so stretched to the downside already on daily

[09:58] {Threei}  makes it iffy

[09:58] {Threei}  CAT, full out

[09:58] {Threei}  25.10, +.60

[09:59] {nemo} can you give guidance on range if we miss original break?

[09:59] {ese} ok i'm cut off everywhere now vad....are you online

[09:59] {Threei}  EXPLAIN PLS

[10:00] {Threei}  oops

[10:00] {Threei}  *JAN EXISTING HOME SALES: 4.49 V 4.79ME(-5.3% M/M)

[10:00] {nemo} Well...you give an exact break and the stock breaks.  have a chance to get in a few cents below or above...how far should we be willing to stretch entry?

[10:01] {Threei}  easy

[10:01] {nemo} be gentle

[10:01] {Threei}  you know your risk tolerance, you know the stop size

[10:01] {nemo} got it

[10:01] {Threei}  add a few cents to remain within your risk tolerance

[10:01] {nemo} change share size

[10:01] {Threei}  maybe adjust size

[10:01] {Threei}  right

[10:01] {Threei}  but in this case it was different

[10:01] {nemo} DENSA all the way

[10:01] {Threei}  it went down too far on original break

[10:02] {Threei}  not for chasing

[10:02] {nemo} yeah screamed through risk tolerance levels

[10:02] {Threei}  entry was available on second chance

[10:02] {Threei}  when it bounced right back into trigger

[10:03] {Threei}  STT

[10:03] {Threei}  bounce candidate, watching

[10:03] {Threei}  half lot, volatile, and let;'s wait for one more leg down

[10:04] {Threei}  wow CXAT... why do I always cover it too early

[10:04] {Threei}  CAT

[10:04] {Threei}  come on STT, drop about 40 - 50 cents more

[10:04] {nemo} chrissakes if you caught and stayed in cat you'd be done for the day

[10:05] {nemo} looking to close yesterday's gap up?

[10:06] {Threei}  it didn't gap yesteday

[10:06] {nemo} well, it shot up from 25

[10:06] {Threei}  ok, better now... want something under 25.50

[10:06] {nemo} that seems to be support

[10:06] {Threei}  sharp selling, market revesring

[10:06] {Threei}  SATT pausing

[10:06] {Threei}  that's the scenario for entry

[10:07] {dino} dino presents new law... no more politicians allowed to talk on tv

[10:08] {Threei}  OK, we are almost ready

[10:08] {Threei}  need market help now for entry

[10:09] {dino} 7105, 1126, 742 mondays' lows

[10:09] {Threei}  in

[10:09] {Threei}  stop under .30

[10:09] {dino} esi, ceco up. cpla apol down

[10:09] {Threei}  got .47

[10:11] {Threei}  half out STT

[10:12] {Threei}  .80

[10:12] {Threei}  stop .45

[10:14] {dino} watching apol, wynn, hei

[10:15] {Threei}  am I too greedy on STT?

[10:15] {nemo} singles and doubles dude

[10:15] {Threei}  well, it doesn't return to the low while market does

[10:16] {nemo} especially after yesterday

[10:16] {Threei}  and I have what, couple cents risk on the second half?

[10:16] {Threei}  whatever, I'll give it a chance

[10:16] {nemo} house money? what the hell...

[10:16] {Threei}  right

[10:16] {Threei}  and ashes of CAT knock in my heart

[10:17] {nemo} NOT GREEDY ENOUGH!!!

[10:17] {KSystems} any thoughts on gold, Vad?

[10:17] {nemo} look at SLW

[10:18] {Threei}  you know... I honestly don't understand gold

[10:18] {nemo} too small a market too few players TOO politically important

[10:18] {Threei}  I guess

[10:19] {nemo} I surmise since there's too much guessing you can't calculate the probabilities?

[10:19] {pita} reload STT this area?

[10:19] {KSystems} you gotta feel it in your little finger nemo :)

[10:20] {nemo} the little one?

[10:20] {Threei}  not sure pita

[10:20] {Threei}  I wouldn't

[10:20] {Threei}  one thing to hold the balance with half of profit secured and virtually no risk

[10:20] {Threei}  another is to go in again on this hesitance

[10:20] {nemo} kein witz bezueglich Schwanz, bitte!

[10:21] {Threei}  tinkering with STT I totally missed great RIMM pullback

[10:21] {Threei}  I need another eye

[10:21] {nemo} I was just going to say that

[10:22] {pita} and RMBS

[10:22] {Threei}  not very delighted by RMBS

[10:22] {Threei}  pitiful bounces

[10:24] {Threei}  fern... see how narrow DRYS is?

[10:24] {fernp} yes.

[10:24] {Threei}  market dropped nicely, and all this thing did was 5 cents

[10:25] {fernp} you were right

[10:27] {dino} thats like 1%

[10:27] {Threei}  lol

[10:27] {Threei}  true

[10:28] {ese} questrade is still down.....how are these 3 stock doing NVDA CSIQ & ESLR

[10:28] {Threei}  OK... offering STT 26.05

[10:28] {Threei}  NVDA 7.73

[10:28] {Threei}  CSIQ 3.8

[10:28] {Threei}  ESLR 1.32

[10:29] {Threei}  and it's a pos

[10:29] {ese} tks

[10:29] {Threei}  out STT

[10:29] {magoo} out too

[10:29] {Threei}  +.58

[10:29] {magoo} 04 exit

[10:29] {Threei}  you undercut me?

06[10:29] * Threei slaps magoo around a bit with a large roll of cash

[10:29] {nemo} Not Mags...

[10:30] {Threei}  *DOE CRUDE: +717 V +1ME;

[10:30] {Threei}  GASOLINE: -3.32M V 0.0E; DISTILLATES: +882K V -1ME; UTILIZATION: 81.4% V 82.2%E

[10:31] {nemo} SOB yesterday was talking about the huge draw down in gas 

[10:38] {Threei}  CAT doesn't bounce very much

[10:38] {Threei}  and consolidates close to .70 low

[10:38] {nemo} There's a joke in there somewhere

[10:38] {Threei}  lol

[10:39] {Threei}  risk is increasing as it drops, but

[10:39] {Threei}  probably worth a try,

[10:39] {Threei}  .70 short with stop above .85

[10:39] {nemo} It's hanging (by it's claws) to support from yesterday

[10:40] {Threei}  for hard core scalpers, stop above .80

[10:40] {Threei}  yesterday's support is .40

[10:40] {Threei}  good 30 cents lower

[10:40] {cosmo} cat came back the very next day ..... i seem to recall...

[10:40] {nemo} so that run along .80 isn't support?

[10:41] {Threei}  ?

[10:41] {Threei}  not sure I understand

[10:41] {Threei}  what run along?

[10:42] {nemo} the .80-85 area between 12:30 and 13:30

[10:42] {Threei}  scalpers have 1:1

[10:42] {nemo} cover and long around .50?

[10:42] {Threei}  no long

[10:42] {nemo} o.k. 

[10:43] {Threei}  yesterday's low is .42, right?

[10:44] {Threei}  that line along .80 from yesterday can't be a support right now because we are already below it

[10:44] {Threei}  non-scalpers have 1:1

[10:44] {pita} great timing w mkt drop, ty

[10:44] {Threei}  welcome sir

[10:45] {Threei}  when you are in tune with nature, things happen just right

[10:45] {nemo} heheheh

[10:45] {Threei}  and unenlightened call it luck

[10:45] {pita} watch that arm!

[10:45] {Threei}  :)

[10:45] {Threei}  yeah, it hurts

[10:45] {Threei}  but I need to exrecise it regularly

[10:46] {dino} always bad mouthing me

[10:46] {Threei}  never

[10:46] {pita} yes, to make more calls

[10:46] {nemo} Yeah when, Dino...must be the voices in your head

[10:48] {dino} [10:45] {Threei}  and unenlightened call it luck

[10:48] {Threei}  that was too tongue in cheek to refer to your refrain dino :)

[10:48] {nemo} Mags isn't saying anything about the market today

[10:49] {dino} new bottle og jim beam keeping him busy

[10:49] {Threei}  lol

[10:52] {Threei}  CNBC'S SANTELLI: CREDIT DEFAULT SWAPS ON US TREASURIES HAVE RISEN TO 100 BPS

[10:52] {Threei}  uh oh

[10:52] {Threei}  WFC

[10:52] {Threei}  HEARING VAGUE CHATTER BUFFET'S BERKSHIRE MAY BE MOVING TO FURTHER INCREASE ITS STAKE IN WFC

[10:52] {Threei}  - note: as of Q4, Berkshire was already the largest holder with 6.86%

[10:53] {Threei}  WFC doesn't explode on this?

[10:53] {Threei}  that's trouble

[10:54] {Threei}  or I am just early with news?

[10:54] {Threei}  nope... downticks

[10:54] {dino} buffet running out of $$$

[10:55] {Threei}  well... still must have enough to warrant more than 5 cents movement?? :)

[10:55] {Threei}  6

[10:55] {Threei}  7

[10:55] {Threei}  lol, now we are talking

[10:56] {Threei}  that's the Buffet we know and love

[10:56] {Threei}  {--- still tongue in cheek

[10:56] {Threei}  FED'S BERNANKE: PAULSON AND I WERE TOO OPTIMISTIC IN SEPT; AVOIDED A GLOBAL COLLAPSE WITH OUR COORDINATED ACTION AND CONGRESSION ACTION IN OCT - HOUSE TESTIMONY Q&A

[10:56] {dino} hei sm l .30

[11:01] {magoo} vad..u like STT down here?

[11:01] {Threei}  can't get a read on it

[11:01] {Threei}  market narrowed down too much

[11:03] {dino} apol sm l .75

[11:05] {buyemsellem} just covered second half CAT at .45 thanks vad

[11:05] {Threei}  wtg buyem

[11:05] {dino} gj

[11:17] {cujo} did you guys miss me?

[11:18] {Threei}  badly

[11:18] {ese} bstop SPWRB 28.41 1/2

[11:18] {Threei}  but more important qwuestion is,

[11:18] {magoo} i know i did

[11:18] {Threei}  what did you miss

[11:18] {cujo} i know

[11:18] {Threei}  and answer is, a lot

[11:18] {cujo} stt and cat i hear

[11:19] {Threei}  yes, and for a very nice moves

[11:19] {dino} hei stopped

[11:20] {cujo} i have faith Vad.  you have a few mor in you today.

[11:22] {Threei}  no presure eh?

[11:22] {cujo} :) never.

[11:23] {magoo} ok..quiet because was deep sea fishin

[11:23] {magoo} hooked a marlin

[11:23] {magoo} l fslr ..111 out 113

[11:24] {Threei}  that's not fair

[11:26] {Threei}  trying to get a feel, whether finnies start serious move or fizzle out

[11:26] {nemo} finnies?  I have several

[11:28] {magoo} when u know me to be fair??

[11:30] {Threei}  never, I wouldn't expect it from you and in fact would be very disturbed if you started showing any signs of that

[11:31] {Threei}  US SENATOR SCHUMER: BANK NATIONALIZATION SHOULD BE 'AVOIDED AT ALL COSTS'

[11:32] {Threei}  {--- crying

[11:33] {Threei}  BAC chart looks not bad... I just don't see yet what I want to see on it for confident entry:

[11:33] {magoo} thats what we want to hear...i'nt it?

[11:34] {Threei}  pace rising greatly, prints scrolling much faster than they do now

[11:34] {Threei}  with this confident buying pressure like yesterday

[11:35] {Threei}  instead it's this lukewarm "yeah, let's try and buy... see what happens next... yawn"

[11:35] {Threei}  WHITE HOUSE NOTES ADMINISTRATION WILL LAY OUT "BROAD PRINCIPLES" FOR REGULATORY CHANGE, INCLUDING MOVES TO REDUCE RISK

[11:35] {Threei}  this could be another reason for general market hesitance

[11:36] {Threei}  regulatory change coming...

[11:36] {dino} mcd sm l .15

[11:36] {magoo} long a mickey d's quarter pounder w/cheese  dino

[11:37] {magoo} ill buy if u fly

[11:38] {dino} nope

[11:38] {nemo} is FAZ available to short?

[11:38] {Threei}  royal with cheese you mean?

[11:38] {nemo} Thanks John...

[11:39] {Threei}  no

[11:39] {nemo} FAZ is not?

[11:39] {Threei}  right

[11:39] {Threei}  FED'S BERNANKE: BANKS WILL BE TOLD HOW MUCH CAPITAL THEY NEED FOLLOWING STRESS TESTS, BANKS WILL HAVE UP TO SIX MONTHS TO RAISE PRIVATE CAPITAL

[11:39] {buyemsellem} send order failed: security not available to borrow (FAZ)

[11:39] {Threei}  huh?

[11:39] {dino} use fas

[11:40] {Threei}  banks will be told how much capital they need?

[11:40] {nemo} I know, just wondering if it's available, means heavy bets against, probably another up in FAS coming

[11:40] {magoo} another madoff scam ....westgate capital cramer reports

[11:41] {Threei}  private?

[11:41] {Threei}  - Bernanke notes there could be more substantial share of Citi owned by the US govt

[11:42] {Threei}  FED'S BERNANKE: NOT PLANNING ANYTHING LIKE NATIONLIZATION FOR CITI

[11:42] {dino} yeah, like 100%

[11:42] {Threei}  lol

[11:42] {Threei}  he said it's not nationalization - it's public-private partnership

[11:42] {magoo} l rimm .8

[11:43] {Threei}  US SENATOR SCHUMER: BLUEPRINT FOR FINANCIAL REGULATION OVERHAUL WILL BE COMPLETED BY APRIL 2

[11:44] {Threei}  pace is much better now on BAC

[11:44] {Threei}  pullback into .65 would be nice

[11:44] {Threei}  but may not do even that

[11:45] {magoo} out RIMM .09 easy $$

[11:45] {Threei}  wtg

[11:45] {magoo} anyone??

[11:45] {Threei}  5 in cards for BAC I believe

[11:45] {magoo} vad, anyeway ti get the time on left of this sight?

[11:46] {Threei}  sure

[11:46] {magoo} as in the time i just wrote this

[11:46] {Threei}  right click on button saying #discussions

[11:46] {Threei}  Timestamp

[11:46] {Threei}  see this pace pickup?

[11:46] {Threei}  and confident pressure

[11:47] {magoo} .

[11:47] {magoo} ah..ty..im iduiot

[11:47] {ese} to funnny mags.......that crossed the language barrier nicely

[11:48] {cujo} Dino, MCD +.23.  Thanks.

[11:48] {Threei}  good job guys

[11:48] {magoo} one thing dino knows is his fast food guys

[11:48] {Threei}  lol

[11:48] {cujo} :)  love those mcnuggets.

[11:49] {dino} lol, gj

[11:50] {ese} your trading room is up above a McDonalds restaurant isn't it mags???

[11:50] {Threei}  let's try pullback entry

[11:50] {nemo} in what specifically?

[11:50] {Threei}  BAC

[11:50] {nemo} .65?

[11:50] {Threei}  two support levels, .70 and .60

[11:51] {nemo} oops

[11:52] {magoo} i always go early..tell me your in vad bac

[11:52] {Threei}  CSCO

[11:52] {Threei}  CEO: SEES EXCELLENT GROWTH FOR INDUSTRY OVER NEXT 5-10 YEARS

[11:52] {dino} gild sm l .55

[11:52] {Threei}  in

[11:52] {magoo} see that rimm? thats why we scalp'umi

[11:53] {Threei}  two ways to play it

[11:53] {Threei}  one is to keep stop under .70

[11:53] {Threei}  and try to reneter if drops into .60

[11:53] {Threei}  another is to keep stop under .60

[11:53] {dino} my entries suck today, don't follow me

[11:54] {Threei}  ECB'S ORPHANIDES: CYPRUS BANKING 'IN GOOD SHAPE'

[11:54] {Threei}  thank goodness

[11:54] {dino} what the hell was that on gild

[11:55] {Threei}  no idea... no news

[12:05] {Threei}  mags

[12:05] {Threei}  next move, IMO:

[12:06] {Threei}  offer half between .85 and .90

[12:06] {Threei}  and trry for 5 and possibly above with the rest

[12:06] {dawg} k

[12:07] {nemo} dcc laserdave

[12:07] {magoo} ok

[12:08] {Threei}  someone said something somewhere again?

[12:12] {ese} bstop for SPWRB invalidated

[12:14] {dino} ok, so what do we have, like 3 or 4 positive days this month?

[12:15] {cujo} l bac .69

[12:15] {pita} good luck, happy hunting.....

[12:16] {Threei}  take care pita

[12:17] {nemo} Bathroom Magoo?

[12:17] {magoo} been a negative indicator last few days

[12:18] {nemo} So, we'll short while you go

[12:21] {dino} lol

[12:21] {magoo} big ben on cnbc

[12:22] {Threei}  ERNANKE; TALF FUNDS WILL BE ALLOWED TO BE USE FOR REFINANCE

[12:24] {dino} good i would thinkl

[12:25] {Threei}  market doesn't react at all

[12:25] {nemo} no...refinancing won't do squat

[12:25] {Threei}  - believes credit risks are quite low under the TALF

[12:25] {nemo} 60% of workouts are already back in foreclosure

[12:30] {Threei}  - discussing mark to market, says it it problematic but does not believe the system should be junked.

[12:30] {cujo} how does this guy say short selling is a product of greed? 

[12:30] {Threei}  Supports efforts of SEC and FASB to provide guidance on ho wto value assets in a thin market.

[12:30] {cujo} doesn't he know when we are going long we are just as greedy....

[12:31] {dino} thats code for m2m talk

[12:31] {Threei}  lol

[12:31] {nemo} who is saying this?

[12:31] {dino} thin markets=m2m mods.

[12:31] {cujo} the politician who was just talking to bernanke

[12:31] {cujo} guy with a flower on his lapel

[12:31] {nemo} I'm not watching so I have no idea

[12:32] {cujo} ahh, yeah.

[12:32] {cujo} on the bberg tv

[12:32] {cujo} prob cnn as well

[12:39] {dino} esi little spike

[12:40] {magoo} fslr bottomless

[12:40] {dino} 100 magnet

[12:43] {cujo} l rimm .43

[12:43] {Threei}  nothing interesting happens for an hour at least

[12:43] {larisa} my last day today, will see you end of march guys, vacation time :) When I come back i want to see market at 10,000!

[12:43] {cujo} stpd :(

[12:43] {Threei}  lucky gal

[12:44] {cujo} have a good one.  

[12:44] {Threei}  now tell me

[12:44] {Threei}  why would want to see market going to 10000 without you

[12:44] {Threei}  I'd think you want us to hold it here for you

[12:45] {Threei}  then let it go once you are back

[12:45] {larisa} right

[12:48] {Threei}  RIMM is probably ready for a bounce here'

[12:48] {Threei}  just a scalp

[12:49] {Threei}  keep stop under .15 and aim to exit above .30

[12:50] {Threei}  there you go

[12:51] {Threei}  anyone?

[12:51] {cujo} y

[12:51] {cujo} thanks

[12:51] {dino} have a great trip larisa

[12:51] {buyemsellem} bravo, thanks

[12:51] {magoo} me 

[12:51] {Threei}  :)

[12:51] {magoo} out .44 here

[12:51] {larisa} ty dino :)

[12:53] {magoo} have nice vaca larisa

[12:54] {cosmo} vaca?

[12:54] {larisa} lol

[12:54] {cosmo} zzzz

[12:55] {cosmo} ah....trip

[12:55] {cosmo} sheesh

[12:55] {magoo} what planet u on again?

[12:55] {cosmo} the trippie one

[12:57] {cosmo} trippy, that is

[12:58] {magoo} jesus..now what..u trippin?

[12:58] {cosmo} its always summer somewhere....that kinda thing

[13:01] {cujo} Vad, RIMM .60 break worth trying here?

[13:01] {Threei}  nah

[13:01] {Threei}  not really a breakout market

[13:02] {Threei}  nor time of the day

[13:02] {cujo} got ya.  leaving it be.

[13:02] {Threei}  pullback is another matter

[13:02] {cujo} yup

[13:03] {magoo} somethings going on hee

[13:03] {Threei}  something's happening

[13:04] {magoo} lol

[13:07] {Threei}  interesting

[13:07] {Threei}  RIMM won't pull back with market

[13:09] {dino} wynn sm l .30

[13:16] {magoo} this same retard been grilling big ben for half hour

[13:16] {magoo} he probably hasnt even filed his ax returns in years and employs illegal aliens

[13:16] {Threei}  lol

[13:19] {Threei}  time to make bets?

[13:19] {Threei}  moderate green close is mine

[13:19] {magoo} up

[13:19] {magoo} 87

[13:19] {buyemsellem}  hmm

[13:20] {buyemsellem} i'll be the bear

[13:20] {Threei}  larisa... last bet before vacation?

[13:20] {buyemsellem} -200

[13:20] {nemo} I won't be here

[13:20] {dino} feic

[13:20] {cujo} ok, how we gonna make money with this crystal ball?

[13:20] {magoo} where u goin

[13:20] {nemo} sell the ball

[13:20] {Threei}  lol

[13:20] {nemo} take nefew somewhere

[13:20] {vint} green

[13:21] {Threei}  +30 DJI

[13:21] {magoo} heres the thing

06[13:21] * Threei closes his eyes

[13:21] {magoo} if IF so,...GS will make back like 4 points

[13:22] {ese} see you tomorow

[13:22] {Threei}  take care ese

[13:22] {ese} see ya vad

[13:30] {larisa} I bet we close at -150.

[13:30] {Threei}  races are on

[13:30] {magoo} good possibilityof -230

[13:31] {nemo} thought she went on vacation?

[13:32] {larisa} +30 means we will have serious rally from here and i still think we should test 7000, felt this way even yesterday.

[13:32] {larisa} not yet nemo, almost :)

[13:34] {Threei}  serious rally? it's just 150 points :)

[13:34] {Threei}  in terms of late it's like 10 min of decent trading

[13:35] {larisa} I mean some continuation, 2 days in a row.. good sign.. 

[13:35] {Threei}  we just made 25

[13:36] {Threei}  I see what you mean

[13:36] {larisa} if we go positive and close -150, i still win :)

[13:36] {Threei}  okay

[13:36] {Threei}  I feel generous tioday

[13:37] {larisa} why ?

[13:37] {Threei}  no reason

[13:38] {Threei}  maybe I just liked ben's face expression yesterday

[13:39] {larisa} then : if we go positive and close +30, I still win ? { just checking}

[13:39] {magoo} STT good candidate if IF we go up

[13:39] {Threei}  well... generous and idiot are still different things

[13:39] {larisa} lol

[13:39] {magoo} im idiot

[13:39] {cujo} l gs .51

[13:39] {Threei}  be looked like

[13:39] {Threei}  ben

[13:39] {Threei}  ummm

[13:40] {Threei}  as if he just had tremendous bowel movement

[13:40] {magoo} i just took it cujo .51

[13:40] {Threei}  AAPL

[13:40] {Threei}  SHAREHOLDERS HAVE APPROVED BOARD OF DIRECTORS, INCLUDING STEVE JOBS

[13:40] {cujo} nice

[13:41] {cujo} played small lot so i'm out 1:1

[13:42] {dino} wynn stop to .80

[13:43] {cujo} nice trade dino

[13:43] {dino} ty

[13:43] {magoo} out .20

[13:43] {magoo} + somethin good

[13:44] {Threei}  wtg

[13:44] {dino} out wyn reverse slip .87, +.57

[13:44] {cujo} nice trade mags

[13:44] {magoo} u too dawg

[13:44] {magoo} oh..we have a dawg

[13:45] {magoo} u to cujo-mojo

[13:45] {dawg} missed that one magoo but nice play

[13:45] {magoo} cujo call

[13:45] {dawg} ).

[13:45] {cujo} ;)  

[13:47] {magoo} dam..knew it

[13:47] {magoo} GS going multi points

[13:47] {cujo} things got legs

[13:47] {Threei}  didn't I tell you?

[13:48] {magoo} need to grab pullbk amd ride it to 90

[13:48] {dino} giddy-up

[13:48] {Threei}  45 points

[13:48] {Threei}  105 left

[13:49] {Threei}  90 left

[13:49] {cujo} no pullback :(  just keeps looking at me laughing.

[13:49] {dino} gild stop to .95

[13:53] {cujo} back in on pullback to 90

[13:53] {cujo} out 1/2 .38

[13:53] {Threei}  60 left

[13:53] {magoo} just did yesterdaysplay...long .40 out .65

[13:54] {Threei}  and you asked how to monetize that crystal ball

[13:54] {dino} mcd stop to .55

[13:54] {Threei}  just get general direction

[13:54] {Threei}  things will go

[13:54] {cujo} out 2nd 1/2 .67

[13:55] {cujo} +.53

[13:55] {Threei}  in fact, I may stop calling particular stocks and lmit myself to Up and Down

[13:55] {Threei}  less work... {G}

[13:56] {Threei}  here comes 5 on BAC

[13:56] {cujo} bac

[13:56] {cujo} sry, wrong screen

[13:56] {dino} mcd to .65

[13:56] {Threei}  50 points left

[13:57] {Threei}  GS up 3 points out of magoo's 4

[13:58] {dino} gild to .00

[13:58] {dino} apol to .34

[13:59] {dino} out mcd .69. +.54

[13:59] {wulff} What's a good RIMM pullback number?

[14:00] {Threei}  around 41 if we are lucky

[14:00] {dino} out apol .37, +.62

[14:01] {dino} out gild .00, +.45

[14:02] {dino} got confusing there

[14:02] {Threei}  beautiful tradinjg dino

[14:02] {Threei}  RIMM bounced off 41.05

[14:02] {dino} ixys

[14:02] {fernp} very gj dino

[14:02] {dino} ty 3i, market helped

[14:03] {wulff} missed it

[14:03] {dino} thx fernp\

[14:03] {cujo} caught RIMM thanks Vad, Wulff.

[14:04] {cujo} dino, great trading man.

[14:04] {Threei}  sounds like book title

[14:04] {dino} ty

[14:05] {Threei}  Dino, The Great Trading Man

[14:05] {cujo} he he he

[14:05] {nemo} Give Dino a bone!

[14:05] {dino} more like the lucky one

[14:05] {Threei}  only for unenlightened dino :)

[14:05] {cujo} rabid dog doesn't share bones.

[14:05] {nemo} well, than you're lucky on a large percentage of your traes

[14:05] {nemo} trades

[14:05] {Threei}  rofl cujo

[14:05] {dino} news ixys?

[14:05] {nemo} shoot rabid dog

[14:06] {cujo} i try

[14:06] {Threei}  I don't see any dino

[14:06] {dino} waiting more in '09

[14:06] {magoo} i bet mohammed aly would be a great daytrader

[14:07] {Threei}  wow

[14:07] {Threei}  BAC big pullback

[14:07] {nemo} fas too

[14:07] {magoo} float around ..jab..jab..out

[14:07] {nemo} look at him now mags

[14:07] {dino} rope a dope

[14:07] {magoo} we all gonna be likethat vrom this occupation

[14:07] {nemo} now he's just dope

[14:08] {magoo} vad bac good entry here?

[14:08] {Threei}  bounce time

[14:08] {nemo} on what specifically

[14:08] {nemo} too late

[14:09] {magoo} somethings goingon again vad

[14:09] {magoo} neg

[14:09] {Threei}  lol... I just made money by mistake

[14:10] {nemo} fur crissakes

[14:10] {Threei}  bought BAC .66,

[14:10] {Threei}  put it for sale at .73,

[14:10] {nemo} by mistake....how?

[14:10] {Threei}  changed my mind and hit .71,

[14:10] {Threei}  and didn't notice that .73 got hit too

[14:10] {Threei}  so found myself short

[14:10] {nemo} sold short huh?

[14:10] {Threei}  2K .71

[14:11] {Threei}  thing dropped to .68 and I happily covered

[14:11] {Threei}  not so much for profit as to get out

06[14:11] * magoo slaps Threei around a bit with a large trout

[14:11] {magoo} sigh

06[14:11] * Threei slaps Threei around a bit with a large roll of cash

[14:11] {magoo} wish i could be creative

06[14:11] * nemo wants Vad's fairy dust

[14:11] {Threei}  as KS for help tomorrow

[14:12] {Threei}  nemo had the same problem btw, mags

[14:12] {magoo} in a month or so i will

[14:12] {magoo} are we mostly there setup wise?

[14:12] {nemo} bummer gotta' go

[14:12] {Threei}  hmm?

[14:12] {Threei}  where there?

[14:13] {magoo} u helped me with all the settings

[14:13] {Threei}  oh

[14:13] {Threei}  one thing I thought of,

[14:14] {Threei}  you may want to try to copy that popups.ini file and paste it in MIRC folder

[14:14] {magoo} brutal pullback

[14:14] {Threei}  so you have it in two spots

[14:14] {Threei}  if that doesn't work, you are better off with KS :)

[14:14] {Threei}  BAC

[14:14] {Threei}  CEO LEWIS: MERRILL LYNCH AND COUNTRYWIDE ARE "STARS" - TV INTERVIEW

[14:15] {Threei}  lol

[14:15] {Threei}  stars or black holes?

[14:15] {dino} fallen stars perhaps

[14:15] {Threei}  dying red dwarfs

[14:16] {dino} one of those guys that pisses on your back and tells you its raining

[14:22] {Threei}  - says so far this year Merrill Lynch and Countrywide are the "star" performers at BoA.

[14:22] {Threei}  - Cannot predict what the full quarter results will look like, only discuss results so far.

[14:22] {Threei}  - Remarks that could sell certain non core assets to raise capital if necessary, could over time sell more of CCB.

[14:22] {Threei}  - Note: CEO Lewis in a memo to employees earlier this week noted that revenue would be above $100B in 2009.

[14:25] {Threei}  end of day will be interesting

[14:27] {Threei}  AFL

[14:27] {Threei}  EXEC: COMPANY HAS NO INTENTION TO ADJUST DIVIDEND THIS YEAR

[14:27] {Threei}  - Current dividend yield at approx 7%

[14:28] {Threei}  AFL is trying

[14:28] {dino} doug kass real$, 02/23., rumors merrill capital earned several billion trading year to date

[14:31] {magoo} vad..get some pics lined up if we rock

[14:33] {magoo} STT could be good one

[14:33] {Threei}  hmmm

[14:33] {Threei}  STT will go if market will but it's not the best of candidates

[14:34] {Threei}  it's at day's low while market is closer to high

[14:36] {Threei}  GS bounce candid hereate

[14:36] {Threei}  lol

[14:36] {Threei}  what's with typing

[14:37] {magoo} u need lessons

[14:37] {Threei}  badly

[14:37] {magoo} illtreasch ya

[14:37] {Threei}  watch this pullback

[14:39] {Threei}  was ideal entry near 80, too fast to type exct price

[14:39] {Threei}  anyone caught it?

[14:39] {magoo} missed that

[14:39] {magoo} thought  under

[14:39] {wulff} GS?

[14:39] {Threei}  ok, just a scalp, no chansing

[14:39] {cujo} caught it but small

[14:39] {cujo} +.13

[14:40] {magoo} CCCCUUUUUUUUUUJJJJJJJJJJOOOOOOOOOOOOo

[14:40] {magoo} h4es fast

[14:40] {cujo} got me hot keys

[14:40] {cujo} :)

[14:40] {magoo} must be a gray hound

[14:41] {Threei}  BAC over 5

[14:42] {magoo} l STT .2

[14:43] {Threei}  FDIC'S BAIR: DEPOSITORS SHOULD NOT BE CONCERNED ABOUT THE STOCK PRICE OF BANKS

[14:43] {dawg} ty magoo caught quick scalp STT

[14:44] {cujo} thanks mags

[14:44] {cujo} goo call

[14:44] {cujo} good

[14:44] {magoo} out .42 TY

[14:45] {magoo} cool beans

[14:45] {Threei}  BAC, this pace is exactly what I was refering to earlier

[14:45] {Threei}  when you see this, you have a runner

[14:46] {Threei}  watch T&S to get a feel

[14:46] {magoo} watch STT its a runner

[14:47] {magoo} problem is this mkts taking off without us

[14:48] {Threei}  I'll see you in a year

[14:48] {magoo} no..i mean now..not in BAC..GS...STT

[14:48] {Threei}  if today's calls is a problem, I want a break

[14:48] {Threei}  big one

[14:48] {magoo} u gettin to testy..lol...i meant we need a pullbk here

[14:49] {Threei}  bac buyable pullback

[14:49] {cujo} stop?

[14:49] {magoo} THATS WHAT IM SAYING HE HE

[14:49] {larisa} lets go on vacation with me vad, they will learn to appreciate you :)

[14:49] {Threei}  something like .15 entry would probably be ideal

[14:49] {Threei}  yes larisa

[14:49] {Threei}  thank you

[14:49] {larisa} yw

[14:49] {Threei}  firststrength from here

[14:50] {Threei}  .14 in

[14:50] {magoo} u guys are nuts...im just commenting on my calls and plays..scalpers regrett..for the here and now...need a pullbk

[14:50] {magoo} but then mjkts need to close green too

[14:50] {Threei}  half out .23

[14:50] {magoo} let me see..anything else lol

[14:51] {Threei}  offering balance .31

[14:52] {magoo} oferring .3099

[14:52] {Threei}  sigh

[14:52] {Threei}  out .29

[14:52] {Threei}  out of spite

[14:52] {larisa} lol

[14:52] {Threei}  lol

[14:52] {magoo} .2899

[14:52] {magoo} lol

06[14:52] * Threei slaps magoo around a bit with a large roll of cash

[14:53] {magoo} keep on slappin with that:)

[14:53] {buyemsellem} out. 29, great calls today vad

[14:53] {buyemsellem} .29

[14:53] {Threei}  ty buyem

[14:55] {Threei}  STT up a buck from bounce call

[14:55] {Threei}  GS 2 bucks

[14:55] {wulff} +.20 HIG

[14:55] {Threei}  ggh, even PIG, err, HIG works

[14:57] {magoo} 3:40 gonna be nuts..400 points up in 82 seconds

[14:58] {cujo} any plays in mind for 3:40?

[14:58] {Threei}  gosh... more than 40 minutes in advance? :)

[14:58] {Threei}  all usual suspects cujo

[14:58] {cujo} i'm demanding

[14:58] {buyemsellem} what is magical about 3:40?

[14:58] {Threei}  RIMM, STT, GS, BAC

[14:59] {Threei}  magoo has flow of energy at that time

[15:00] {Threei}  dino says "beer time" at 3:39...

[15:00] {Threei}  and ita magic time for magoo

[15:00] {dino}  funny, i was thinking of having a few tonight

[15:01] {Threei}  come on dino

[15:01] {dino} cvx sm l .25, lagging xom

[15:01] {Threei}  with today's trading you deserved single malt

[15:01] {Threei}  30 years

[15:01] {dino} ahhhh

[15:02] {Threei}  BAC want 5.50

[15:04] {wulff} took RIMM .25

[15:05] {Threei}  35 points left to my target

[15:05] {wulff} go rimm

[15:05] {Threei}  25

[15:06] {Threei}  larisa, you are breathing over there?

[15:06] {Threei}  DJI green

[15:06] {larisa} I always let you win

[15:06] {larisa} 1 hour to go

[15:06] {wulff} What's the bet?

[15:07] {Threei}  yep... as if I ask {G}

[15:07] {Threei}  oh yes... what's the bet??

[15:07] {Threei}  why do I make this mistake all the time

[15:08] {dino} out cvx .55, +.30

[15:09] {dino} emr sm l .40

[15:10] {Threei}  ACOR TICKS HIGHER AS ADDITIONAL TAKEOVER SPECULATION CIRCULATES

[15:10] {cosmo} qqqq needs 29

[15:11] {cosmo} today

[15:11] {cujo} qqqq

[15:11] {Threei}  US GOVERNMENT OFFICIAL: STRESS TEST RESULTS WILL NOT BE MADE PUBLIC

[15:12] {Threei}  shoot

[15:12] {cosmo} that bad?

[15:13] {Threei}  too stressful

[15:13] {cosmo} yeah... i dont want to know...

[15:14] {dino} green

[15:14] {cosmo} that was a long yellow

[15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.

[15:16] {Threei}  10 points left

[15:16] {Threei}  8

[15:16] {Threei}  4

[15:16] {Threei}  3

[15:16] {magoo} awesome read vad...thats why i like to ask u for your mkt "feel" all the time

[15:16] {Threei}  1

[15:16] {Threei}  +3

[15:16] {cosmo} ... reminds me of 'Aliens'

[15:16] {Threei}  +10

[15:17] {Threei}  done counting

[15:17] {dino} market does not want to know the stress levels

[15:17] {magoo} magoo said + .87

[15:19] {magoo} out BAC .45 TY boss

[15:19] {Threei}  welcome sir

[15:19] {Threei}  oh, and

06[15:19] * Threei slaps magoo around a bit with a large roll of cash

[15:19] {magoo} u said .50 so i reloaded

[15:19] {magoo} last 2 days fun

[15:19] {Threei}  sigh

[15:19] {Threei}  larisa

[15:19] {Threei}  vacation

[15:20] {magoo} eliots spitzers jkisd on tv cmnbc

[15:20] {Threei}  can I amil myself to your destination?

[15:20] {dino} out emr .60, +.20

[15:20] {Threei}  mail

[15:20] {cosmo} you two be sure to take laptops

[15:20] {Threei}  yeah right

[15:20] {cosmo} :)

[15:21] {magoo} man..fasten seatbelts..put on trading helmets, adjust googles...3:40 nears

[15:21] {magoo} i so nervous

[15:21] {magoo} LOOK cnbc

[15:21] {magoo} his kjid

[15:21] {magoo} kid

06[15:21] * Threei passes a bottle of Valum to dino with request to feed it all to magoo

[15:22] {Threei}  wulff, you sold that RIMM?

[15:22] {magoo} i said"wow..bartroma doesnt look good" dino yells back"she hasnt looked good in years "lol

[15:23] {Threei}  lol

[15:23] {Threei}  and btw...

[15:23] {wulff} Some just now at .71

[15:23] {wulff} holding half

[15:24] {Threei}  cool

[15:24] {Threei}  [15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.

[15:24] {Threei}  why?

[15:24] {wulff} still in HIG too

[15:24] {larisa} and I thought dino was a gentleman

[15:24] {wulff} Seems like the 90's

[15:24] {wulff} for a second

[15:24] {Threei}  come on... we did it all this time

[15:24] {Threei}  2001 - 2009

[15:24] {Threei}  non-stop

[15:25] {Threei}  where were you?? :)

[15:25] {wulff} loosing $

[15:26] {Threei}  sorry to hear...

[15:27] {Threei}  but we are at this same spot, for 9 and half years already...

[15:27] {magoo} wasnt cramer selling today??he he

[15:27] {wulff} seems to remember 03 was good

[15:27] {Threei}  2003 was bul market

[15:27] {dino} larisa, i am, magoo makes stuff up about me

[15:27] {_paliyad2009} took RIMM .25 what that mean

[15:28] {Threei}  bought RIMM at .25

[15:28] {wulff} TASR

[15:28] {cosmo} bul = short bull?

[15:28] {larisa} lol

[15:28] {cosmo} k

[15:28] {wulff} go rimm

[15:29] {_paliyad2009} at 40.25 or 41.25 like that

[15:29] {dino} vz tear down that .00 wall

[15:29] {Threei}  at the time it was 41.25

[15:29] {_paliyad2009} thanks

[15:29] {Threei}  handle is usually omitted to save time

[15:30] {Threei}  since p[osts are made real time, handle is obvious

[15:30] {dino} and paper

[15:30] {_paliyad2009} vad this is vinod

[15:30] {Threei}  oh hi

[15:30] {_paliyad2009} wants to learn here befor i join

[15:31] {dino} magoo still waiting on his rotary phone trying to sell out

[15:31] {Threei}  welcome... watch what we are doing

[15:31] {Threei}  lol dino

[15:32] {wulff} +.75 rimm

[15:32] {dino} don't have the heart to tell him no line in the wall where its' plugged in

[15:32] {dino} sweet

[15:32] {Threei}  wtg wulff

[15:32] {wulff} 100 left

[15:33] {wulff} in case

[15:33] {Threei}  well... asI told a while ago,

[15:33] {Threei}  bear market is profit,

[15:33] {Threei}  bull market is profit AND fun

[15:33] {cosmo} well .. its more polite

[15:34] {Threei}  today was the great illustration:

[15:34] {dino} -paliyad, welcome to the jungle

[15:34] {Threei}  we had very profitable morning during bearish move

[15:34] {Threei}  but no one was having fun as far as I could tell

[15:34] {Threei}  afternboon is just as profitable,

[15:34] {Threei}  but fun is being had too

[15:35] {Threei}  and of course magoo slams me in the morning, in the aftrenoon and thank goodness I don't hear from him in the evening {GGG}

[15:36] {Threei}  I hope you guys observed T&S on BAC when I asked you to pay attention

[15:36] {dino} i'm going to stop coming in until after lunch, that seems to be my time in '09

[15:36] {Threei}  this is something you need to memorize and recognize

[15:37] {Threei}  there will be much more of this when we turn the corner

[15:37] {Threei}  this even stream of high-paced prints

[15:38] {Threei}  5.50

[15:38] {Threei}  touchdown

[15:38] {Threei}  INTC

[15:38] {Threei}  CEO: TECH MARKET PURCHASING PATTERN HAS STARTED TO BECOME MORE PREDICTABLE

[15:38] {Threei}  he means predictably no one buys anything?

[15:39] {Threei}  volume on NASDAQ is even slightly higher today than yesterday's

[15:42] {dino} 3:40+, should push them up

[15:46] {Threei}  if you are up to one more scalp,

[15:46] {Threei}  watch STT pullback

[15:46] {Threei}  want brief dive under 26

[15:47] {cujo} watchin, gettin my trigger finger ready

[15:47] {Threei}  one eye on the market, another on STT

[15:48] {Threei}  what you want to see is both drop,

[15:48] {Threei}  pause,

[15:48] {Threei}  market spiking up,

[15:48] {Threei}  STT giving little pause for entry

[15:48] {Threei}  then following the market

[15:48] {Threei}  oh and keep it small

[15:48] {Threei}  STT is volatile

[15:49] {Threei}  no need to spoil the perfect day on last minutes

[15:49] {Threei}  under 26

[15:49] {Threei}  pause

[15:49] {dino} wow -80 oints from high

[15:52] {Threei}  still downticks market

[15:52] {Threei}  UPDATE: US HOUSE PASSES $410B SPENDING BILL TO KEEP GOVT RUNNING THROUGH END OF FISCAL YEAR

[15:53] {dino} like it would ever shut down

[15:53] {Threei}  lol

[15:54] {Threei}  huh?

[15:54] {Threei}  president addresses nation once again today?

[15:55] {Threei}  what the

[15:55] {dino} heck of a sell off

[15:55] {dino} guess they want govt to shut down for good

[15:55] {Threei}  lol

[15:56] {larisa} can I start count ? :)

[15:56] {Threei}  yes :)

[15:56] {dino} -130 dji from3:15ish highs

[15:56] {Threei}  you don't have enough time anyway

[15:56] {Threei}  I'll be saved by the bell

[15:56] {larisa} lol

[15:56] {dino} larisa, have fun and relax

[15:56] {Threei}  here he is

[15:57] {Threei}  ahhh

[15:57] {larisa} I will dino thanks :)

[15:57] {Threei}  that;'s why market sold off...

[15:57] {Threei}  talk on economy after meeting with Geithner

[15:57] {dino} why talk w/3 minutes to go? why? idiot

[15:58] {dino} this guy is clueless about basic market stuff

[15:58] {wulff} see you tomm. PM

[15:58] {Threei}  take care wulff

[15:59] {cujo} going to go put a dent in some of that vodka....  CAtch you all tomorrow. 

[15:59] {dino} cya wuff

[15:59] {Threei}  thank you all

[15:59] {Threei}  have a great evening

[15:59] {Threei}  see you tomorrow

[15:59] {larisa} bye :)

[15:59] {Threei}  larisa, have fun and safe trip

[15:59] {larisa} ty, you be good

[15:59] {Threei}  lol

[15:59] {Threei}  yeah right

[16:00] {cosmo} greed is good

[16:00] {Threei}  watching speech

[16:00] {dino} indeed cosmo

[16:01] {Threei}  wow

[16:01] {Threei}  do you listen?

[16:02] {dino} no

[16:02] {dptl} have a good evening all

[16:02] {Threei}  dp :)

[16:03] {Threei}  done

[16:03] {cosmo} yea... now we know what those fema camps are for...

[16:04] {Threei}  left... see you tomorrow