RealityTrader Trading Log

Tuesday, April 7, 2009

Apr 07 2009

That was really trying day. Nothing happened all too long - win here, stop there, FAS, WFC, RIMM, FAZ, GS, UAUA... Took a lot of time to finally get our play for +70 on RIMM and finish the day in the green. 

Session Time: Tue Apr 07 00:00:00 2009

[07:55] {Threei}  PIMCO'S EL-ERIAN: AMERICAN CONSUMER WILL RETURN, BUT IN A MORE RESTRAINED FASHION; GOVERNMENT BONDS ARE "NOT WORTH OWNING" -CNBC
[07:55] {Threei}  - Unemployment is "Not a backward indicator"
[07:55] {Threei}  - Reiterates that PIMCO remains very underweight on equities. Fears pepole are getting "sucked in" to equities after seeing big 25% increases.
[07:55] {Threei}  - Would not be surprised if equities retested lows.
[07:55] {Threei}  - Mortgage-backed, corporate and muni bonds are attractive.
[07:55] {Threei}  - Fed's corporate paper program has been successful.
[08:24] {larisa} good morning :)
[08:25] {Threei}  larisa :)
[08:25] {larisa} threei :) 
[08:26] {Threei}  F gapped down into 3.50 support
[08:27] {Threei}  will be interesting for open break play if copnsolidates close to it
[08:27] {Threei}  tight stop, and nice potential if market regains strength
[08:37] {cosmo} SPIL
[08:37] {Threei}  RU) RUSSIAN CENTRAL BANK: STEPS TOWARDS THE CREATION OF A BAD BANK ARE STILL POSSIBLE
[08:37] {Threei}  sure... but they seem to be creating themselves quite well
[08:38] {Threei}  VVUS
[08:38] {Threei}  LAZARD INITIATES VVUS WITH BUY
[08:39] {nemo} gm all 3i
[08:39] {Threei}  nemo :)
[08:41] {cosmo}  SPIL has announced Monday after the close, up revenues of 29% for March,
[08:41] {cosmo} month over month
[08:42] {cosmo} careful...Cramer
[08:42] {Threei}  and
[08:42] {Threei}  04/06/09 06:15pm [SPIL] Positve Mad Money Mention - CNBC
[08:42] {cosmo} :)
[08:42] {cosmo} sigh
[08:43] {Threei}  VP BIDEN ADVISOR ALTMAN: GM BANKRUPTCY COULD TAKE A YEAR AND A HALF
[08:43] {Threei}  to start? or to end?
[08:44] {patience} good morning RT  :)
[08:45] {Threei}  patience :)
[08:48] {Threei}  HIG??
[08:48] {nemo} Everybody expected the rally, so it's hiding
[08:49] {Threei}  what the hell just happened on HIG?
[08:49] {pita} gm all
[08:49] {Threei}  pita :)
[08:49] {nemo} somebody hit the buy button accidentally...I understand
[08:49] {Threei}  that ought to be one fat finger
[08:50] {Threei}  anyway, yesterday's high is 9.52, and there is a big sell order at .54
[08:50] {Threei}  something to watch
[08:55] {Threei}  BROADPOINT AMTECH POSITIVE ON AEROSPACE AND DEFENSE SECTOR
[08:55] {Threei}  - Firm believes LMT, GD, and RTN all have further upside from current levels based on the program decisions released by Gates. A recovery to a P/E multiple of 10x calendar 2010 estimates is very reasonable.{LMT GD RTN}
[08:58] {fernp} Hello everybody
[08:58] {Threei}  fern :)
[09:00] {Threei}  GM
[09:00] {Threei}  IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC
[09:00] {Threei}  now?
[09:00] {nemo} such a diplomat
[09:00] {Threei}  dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked
[09:06] {Threei}  6.20 is FAS support from two days before yesterday
[09:10] {cosmo} DNDN again?
[09:10] {Threei}  shrug
[09:11] {cosmo} gotcha
[09:11] {Threei}  speculation on upcoming FDA ruling
[09:11] {Threei}  get caught in it long if FDA says no, make sure wife doesn't see your trading account statement for a year
[09:11] {cosmo} 7.35 spike
[09:12] {Threei}  or you are in the dighouse
[09:12] {Threei}  doghouse
[09:13] {cosmo} she's in the doghouse already for her real estate habit...
[09:13] {Threei}  ah... well, that could be her get out of jail card then
[09:13] {Threei}  my favorite part from DNDN statement:
[09:14] {Threei}  affirms plans to release data by end of April
[09:14] {Threei}  - Notes it has no new data for its Provenge vaccine, notes it remains unclear whether it will present any data or not at the conference.
[09:14] {Threei}  yes, no and maybe in one line
[09:14] {Threei}  beauty
[09:18] {ese} good morning
[09:18] {Threei}  ese :)
[09:19] {Threei}  so far on watch
[09:19] {Threei}  FAS and F, both gapped down into support
[09:20] {Threei}  HIG
[09:20] {Threei}  WFC. forms pre-market C&H
[09:20] {Threei}  with 14.80 being break level
[09:20] {ese} funny first statement... says,,,"Topic set by Threei!Reality..."TRAGIC"  whats that all about vad....something your not telling us?
[09:21] {Threei}  hmm?
[09:21] {vinod} good morning to all
[09:21] {Threei}  vinod :)
[09:21] {dino} gm all
[09:21] {ese} whats so  vin
[09:21] {Threei}  dino :)
[09:22] {Threei}  topic I set is at the blue bar
[09:22] {elepet} good morning
[09:22] {ese} ele
[09:24] {cosmo} BLUD pre mkt high = 26  fwiw
[09:24] {Threei}  elepet :)
[09:24] {cosmo} 26.29 spike
[09:26] {Threei}  [08:26] {Threei} F gapped down into 3.50 support
[09:26] {Threei}  [08:27] {Threei} will be interesting for open break play if copnsolidates close to it
[09:26] {Threei}  [08:27] {Threei} tight stop, and nice potential if market regains strength
[09:27] {Threei}  same for FAS if holding .20
[09:27] {dptl} good morning
[09:27] {Threei}  dp :)
[09:28] {magoo} sfmsjf;k';ptb;kjsFJ:
[09:28] {Threei}  you think?
[09:28] {ese} mornin dp
[09:28] {Threei}  oh, btw, dino... you'll enjoy this:
[09:28] {Threei}  [09:00] {Threei} IMCO'S EL ERIAN: ODDS OF GM BANKRUPTCY NOW ABOVE 50% - CNBC
[09:28] {Threei}  [09:00] {Threei} now?
[09:28] {Threei}  [09:00] {nemo} such a diplomat
[09:28] {Threei}  [09:00] {Threei} dino and I pegged it at 100% in the fall when GM said "bankruptce is not an option" - before anyone even asked
[09:29] {dino} lol, same old same old, just like banks didn't need to raise capital
Session Close: Tue Apr 07 09:29:15 2009

Session Start: Tue Apr 07 09:29:30 2009
Session Ident: #discussions
03[09:29] * Now talking in #discussions
[09:29] {Threei}  eqzaktly
[09:30] {Threei} Long Setup:  WFC  .80 break if stays above .70
[09:31] {Threei}  bounce candidate now off .50
[09:31] {Threei}  .60 break ,ong
[09:31] {Threei}  if holding .50
[09:33] {Threei}  quick 1:1
[09:34] {magoo} out .71 TY
[09:34] {Threei}  let's see if we get double bottom on FAS
[09:35] {Threei}  want littgle pullbacl, holding .20, then break of the high of this bounce
[09:35] {Threei}  come on FAS, one more little pullback please
[09:36] {Threei} Long Setup:  FAS  .27 if holding .20
[09:36] {Threei}  good boy
[09:36] {Threei}  1:1
[09:36] {Threei}  half out
[09:36] {magoo} missed
[09:36] {nemo} missed
[09:37] {Threei}  more weakness in the market
[09:37] {Threei}  stop to .24 for the balance
[09:38] {Threei}  awww
[09:38] {Threei}  F got away
[09:38] {Threei}  what a bounce
[09:39] {nemo} RIMM diving
[09:39] {Threei}  ZIXI
[09:39] {Threei}  SELECTED BY HOUSTON HEALTHCARE FOR EMAIL ENCRYPTION SERVICE
[09:39] {Threei}  Chaeron's favorite stock
[09:39] {Threei}  this and LULU
[09:39] {Threei}  both because of Mopassan-sounding names
[09:41] {Threei}  out FAS
[09:42] {Threei}  maybe just a shake but it's unclear here
[09:42] {Threei}  want to wait it out
[09:42] {magoo} down 150
[09:42] {magoo} 30 comp
[09:42] {Threei} Long Setup:  WFC  .70 break if holding above .60
[09:43] {dptl} in
[09:43] {magoo} in
[09:45] {magoo} 'keep eye RIMM vad
[09:45] {Threei}  (US) REPORTEDLY US PRES OBAMA IS MAKING SURPRISE VISIT TO IRAQ (LEFT TURKEY EARLIER IN EUROPEAN SESSION)
[09:47] {ese} l fnfg .50
[09:48] {Threei}  F fast drop
[09:50] {ese} out fnfg .65 +.15
[09:51] {nemo} ese been enfuego
[09:51] {dptl} stopped wfc
[09:51] {Threei}  WFC no worky this time
[09:51] {ese} whats enfuego?
[09:52] {Threei}  RIMM is almost read
[09:52] {Threei}  .60 break long
[09:52] {Threei}  if stays above .40
[09:53] {nemo} too fast
[09:53] {magoo} in
[09:53] {nemo} what you in a magoo
[09:53] {magoo} rimm
[09:53] {nemo} at what price
[09:53] {magoo} .63
[09:54] {magoo} [09:52] {&Threei}  RIMM is almost read
[09:54] {nemo} fast fingers
[09:54] {magoo} [09:52] {&Threei}  .60 break long
[09:54] {nemo} yeah saw it couldn't grab it
[09:54] {magoo} lucky u
[09:56] {Threei}  so far forms double bottom
[09:56] {magoo} need mkt 
[09:56] {Threei}  as always
[09:56] {magoo} yup
[09:57] {magoo} only half lot here
[09:57] {ese} LSCHW .65
[09:58] {Threei}  holding better on this market pullback
[09:58] {Threei}  come on
[09:58] {Threei}  this time should be it
[10:00] {Threei}  APRIL IBD/TIPP ECONOMIC OPTIMISM: 49.1 V 45.8E
[10:00] {Threei}  optimism pours overboard
[10:00] {Threei}  nice to see
[10:01] {Threei}  GS CEO: EXECUTIVE COMPENSATION SHOULD DISCOURAGE EXCESSIVE RISK TAKING
[10:01] {Threei}  fiiinally
[10:01] {Threei}  over 1:1, half out
[10:02] {Threei}  scalpers take profit
[10:02] {Threei}  RIMM sure took its sweet time
[10:02] {Threei}  stop to .55 for the balance
[10:03] {Threei}  ese
[10:04] {Threei}  you may want to look at F
[10:04] {Threei}  moves somewhat in a way that atracted you to FITB
[10:06] {Threei}  scalpers win on RIMM
[10:06] {ese} tks will do
[10:07] {nemo} fas heading for support
[10:07] {pita} next support RIMM?
[10:07] {Threei}  HIG is getting interesting
[10:07] {Threei}  RIMM's support is still .40
[10:08] {Threei}  never violated it
[10:08] {ese} want schw to get it's &^%&^ up there
[10:08] {Threei}  in fact it forms the same setup once again
[10:09] {Threei}  invalidated now
[10:09] {Threei}  don't touch RIMM for now
[10:12] {dino} ice up
[10:13] {dino} amed wants green
[10:13] {dino} watch afam off it, imo
[10:13] {dino} cb, trv holding
[10:14] {Threei} Long Setup:  UAUA  .80 break
[10:14] {cosmo} FAS holds 6.20 so far
[10:14] {Threei}  stop under .70
[10:14] {ese} bought some more schw avg .63
[10:14] {Threei}  for extreme scalpers under .75
[10:14] {dptl} in
[10:15] {dptl} uaua
[10:16] {nemo} hig
[10:16] {Threei}  HIG stalled a bit
[10:17] {Threei}  .80 is resistance to break, but it doesn't look too jazzed at the moment
[10:17] {vint} good morning all
[10:18] {Threei}  vint :)
[10:18] {nemo} out uauau
[10:19] {cosmo} FAS range = 6.20 - 6.35  fyi
[10:20] {dino} 7776, 1252, 811 thurs gaps
[10:21] {Threei}  market feels ready to reverse to the upside to me
[10:22] {cosmo} FAS tests 6.35 hod soon
[10:22] {Threei}  RIMM
[10:22] {Threei}  .10 break long
[10:23] {Threei}  stop under .90
[10:23] {dptl} in
[10:23] {dino} sm l afam .67
[10:24] {magoo} in rimm
[10:25] {Threei}  1:1
[10:25] {Threei}  half out'
[10:25] {dptl} out ty
[10:25] {Threei}  scalpers know what they want from life
[10:26] {cosmo} blud?
[10:26] {cosmo} nah
[10:26] {larisa} so thin, was looking at it under 24 and could not :)
[10:26] {Threei}  stop to .05 for RIMM balance
[10:27] {dino} schw l .55
[10:27] {dino} joining you es
[10:27] {magoo} wfc back to high
[10:27] {Threei}  argh
[10:27] {Threei}  forgot about WFC
[10:28] {Threei}  .65 break was clean long trigger
[10:28] {Threei}  fas
[10:29] {Threei}  C... hate to chase this high, and not getting any meaningful pullback
[10:30] {nemo} akam
[10:31] {magoo} read AAPL vad?
[10:32] {Threei}  long
[10:32] {Threei}  no exact trigger
[10:32] {dino} bulls on parade
[10:34] {nemo} another trigger on RIMM above .35?
[10:34] {dptl} Vad you still in uaua?
[10:34] {Threei}  yes
[10:34] {Threei}  getting tired of it though
[10:34] {Threei}  maybe scratch it
[10:34] {dptl} yeah
[10:34] {Threei}  mostly to free hands
[10:35] {Threei}  PLD
[10:35] {Threei}  this thing tends to sit quietly, then climb big
[10:36] {Threei}  if market does of course
[10:36] {Threei}  .60 - .70 range
[10:36] {dino} afam gap filled from thurs
[10:37] {Threei}  look who is back in play... JNPR
[10:43] {dino} blud fast drop
[10:43] {cosmo} blud, spil done imo
[10:44] {dino} you in?
[10:45] {cosmo} n
[10:46] {larisa} AMLN nice chart today
[10:46] {dino} taking a small drink of blub .70
[10:47] {dino} blud
[10:47] {larisa} :)
[10:48] {Threei}  JNPR... just when I started typing alert
[10:48] {Threei}  GM
[10:48] {Threei}  IN INTENSE, EARNEST PREPARATIONS FOR POTENTIAL BANKRUPCY FILING
[10:48] {Threei}  {F}
[10:48] {Threei}  GS CEO: MONEY GRANTED TO WALL STREET WAS NEVER MEANT TO BE PERMANENT, FIRMS HAVE OBLIGATION TO PAY BACK FUNDS ASAP
[10:49] {dino} indeed otherwise obamination will tell you what to do
[10:49] {nemo} Yeah, but who knows exactly how much they got, and how will AIG ever pay anything back
[10:49] {dino} aig is now usaig
[10:51] {Threei}  but dino... they run into problems trying to return the money
[10:51] {Threei}  government doesn't want to take it back
[10:51] {dino} i know congress wants to rule them
[10:51] {cosmo} yea...nobody wants it
[10:52] {dino} massive liberal power grab (no free lunch)
[10:52] {Threei}  under the wise sounding cover of "antibiotics have to work their way fully"
[10:52] {nemo} RIMM maybe test support
[10:52] {Threei}  amazing isn't it
[10:53] {Threei}  I know this method of gaining control from whose do you think methods?
[10:53] {Threei}  mafia
[10:53] {nemo} mafia
[10:53] {nemo} hehehehe
[10:53] {Threei}  neno knows stuff
[10:53] {Threei}  :)
[10:53] {nemo} I'm a guinea, what can I say
[10:54] {dino} lol
[10:55] {dino} and i am McDino
[10:55] {nemo} I'm half mc too
[10:55] {nemo} worst of both worlds
[10:56] {Threei}  we got the timing of market reversal right, but I can't say I am fully happy with how we utilized it
[10:56] {ese} Schw just hangin there and doin nutun but driving me nuts
[10:56] {Threei}  RIMM was nice, but missed WFC completely
[10:56] {Threei}  missed JNPR
[10:56] {dptl} stopped uaua
[10:56] {Threei}  I thought you scratched it long ago
[10:57] {Threei}  while it hanged out right under .80
[10:57] {dptl} well kept original stop
[10:57] {Threei}  f
[10:58] {Threei}  likely to lose .50 this time
[10:58] {dino} schw es, hard stop, forget it and let it trade imo
[10:58] {Threei}  watching for possible panic selling
[10:58] {nemo} lot of toppy charts out their
[10:58] {dptl} not shorting though? f
[10:59] {Threei}  could be but just for a smallscaklp most likely
[10:59] {dptl} i see
[10:59] {Threei}  overall, feels like more promising on a long side
[11:00] {dino} blud stopped -.33
[11:02] {Threei}  SEC will announce their new shorting rules tomorrow
[11:02] {Threei}  yet market is not in a mad rush to cover
[11:03] {Threei}  most likely non-event
[11:03] {Threei}  but be aware of possible execution problems while brokers adjust their software
[11:05] {pita} next support RIMM?
[11:06] {magoo} .30 area is resistance rimm
[11:07] {Threei}  at the moment, 61... next 60.80
[11:09] {dino} chtt sm l .99
[11:11] {dino} blud blood
[11:11] {wulff} expected if it were going to sell off
[11:12] {wulff} it would have already
[11:12] {nemo} fas a short if it breaks .44?
[11:12] {nemo} or FAZ a long...
[11:12] {Threei}  I'd rather go with FAZ
[11:13] {Threei}  a bit more room for profit
[11:14] {Threei}  1 cent downtick FAS, 6 cents uptick FAZ
[11:16] {dino} ice strong today, delayed reaction
[11:22] {pita} PLD?
[11:22] {Threei}  not sure... things stalled
[11:23] {Threei}  (GE) GERMAN PRESIDENT SIGNS LAW PERMITTING FORCED NATIONALIZATIONS OF BANKS
[11:25] {ese} finally!!!! schw
[11:26] {ese} baaaaa humbug..
[11:26] {Threei}  nothing really happens... meaningless up and down within very narrow range
[11:27] {ese} yup.......see you all in an hour and a bit....have to go and teach a class
[11:27] {Threei}  we'll be here
[11:28] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:29] {Threei}  wow]'
[11:29] {Threei}  RIMM
[11:29] {nemo} yep
[11:30] {Threei}  long closer to .10 - .15
[11:31] {dino} online ed's bloody
[11:31] {dino} esi, apol, cpla, ceco
[11:33] {Threei}  RIMM bottomed out too high on pullback
[11:33] {Threei}  I am not delighted by idea of buying .50 break
[11:34] {Threei}  unless it consolidates a bit
[11:34] {magoo} sometimes u just gotta GO
[11:34] {magoo} in
[11:34] {Threei}  nah
[11:34] {Threei}  not for me
[11:35] {magoo} just do it..we all did lol
[11:35] {Threei}  TARP INSPECTOR GENERAL BAROFSKY: REVIEWING AIG'S PAYMENTS TO BANKS
[11:35] {Threei}  uh oh
[11:36] {Threei}  {banks, together} what to review?? payments, they are just that... payments...
[11:36] {nemo} Busy work so it looks like government does something important
[11:39] {Threei}  bounce RIMM
[11:39] {Threei}  61 break
[11:39] {magoo} i hate when u are right when i go against ya :)
[11:39] {Threei}  if holding 60.90
[11:39] {Threei}  sorry
[11:40] {Threei}  i hate when u are right {--- guess who you quoted
[11:40] {nemo} invalumdited
[11:40] {nemo} invalumadated
[11:40] {Threei}  yes
[11:40] {nemo} indicted
[11:40] {nemo} no
[11:41] {Threei}  valid again
[11:41] {dino}  out chtt .09, +1.10
[11:41] {Threei}  same condition
[11:41] {Threei}  wtg dino
[11:41] {larisa} gj
[11:41] {dino} :)
[11:42] {dptl} in .03
[11:43] {nemo} in .02
[11:44] {dino} out afam flat
[11:44] {dptl} stopped
[11:45] {nemo} stopped
[11:45] {dino} mkt tanking
[11:45] {Threei}  yup
[11:49] {Threei}  BIIB... takeover rumor
[11:49] {dino} biib
[11:49] {dino} opps
[11:50] {dino} awww sh#t chtt
[11:54] {dino} afam tricked me
[11:54] {wulff} Rimm Vad?
[11:55] {Threei}  not sure
[11:56] {Threei}  market hasn't defined direction yet
[11:56] {Threei}  reversal or continuation down are equally likely
[11:57] {Threei}  F
[11:57] {Threei}  MOODY'S REVISES PROBABILITY OF DEFAULT RATING TO CAA3 FROM CA; OUTLOOK NEGATIVE
[11:57] {Threei}  - Raises long term rating on secured term loan to Caa1 from Ca
[12:01] {Threei}  REPORTEDLY US TREASURY WANTS BANK STRESS TESTS RESULTS HELD UNTIL END OF APRIL, AT THE EARLIEST
[12:02] {Threei}  watching GS for long entry on pullback to 118
[12:03] {dino} afam l .80
[12:03] {Threei}  ICE
[12:03] {Threei}  HEARING ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS
[12:11] {Threei}  sheesh GS
[12:13] {Threei}  no news on financials
[12:14] {Threei}  not sure what's got into them
[12:14] {Threei}  a bit too sudden for just a technical move
[12:15] {dino} ms % wise bigger
[12:26] {Threei}  swamp... nothing to read
[12:29] {dino} supx
[12:29] {dino} too thin
[12:29] {Threei}  PREVIEW: TREASURY'S $6B 10-YEAR TIPS AUCTION RESULTS DUE OUT JUST AFTER 1PM ET
[12:29] {Threei}  - prior auction bid-to-cover was 2.48 times with an average of 2.02 over the last 10
[12:29] {Threei}  - indirect bidders at 47.3% of competitive bids at Jan auction
[12:30] {dino} rrgb
[12:32] {dino} out afam .94 +.14
[12:33] {Threei}  GM is building Segway for two...
[12:33] {Threei}  that for sure will help them out
[12:34] {dino} i know, cnbc pushing it, and i'm thinking no wonder they are in trouble, stupid reporters
[12:35] {dino} and the govt wants them to mke hybrids that nobody buys
[12:35] {dino} great plan
[12:35] {Threei}  yup
[12:35] {Threei}  very green and very baknrupt
[12:37] {dino} govt doesn't get it, it's not about feeling good, it's about money, plain and simple
[12:37] {Threei}  not for socialists, tree0huggers and do-gooders
[12:37] {larisa} I think it is romantic, Segway for two
[12:37] {Threei}  and dino... get with the program... capitalism discredited itself, havnen't you heard?
[12:38] {Threei}  Larisa... you see this thing on TV?
[12:38] {dino} yeah, 200+ years thrown out because on 6 months of tough recession
[12:39] {dino} not even as nice as a golf cart
[12:40] {dino} lod's
[12:40] {Threei}  I want larisa to look at it, then look me in the eyes and repewat that it looks romatic
[12:40] {larisa} I do not have TV vad
[12:40] {larisa} or house.. i am poor
[12:40] {dino} i guess because you have to sit on each other
[12:40] {Threei}  oh
[12:40] {larisa} all i want is segway
[12:40] {larisa} right dino
[12:40] {Threei}  you could glue 300 rose bushes on it, and it still wouldn't look anywhere near romantic {G}
[12:41] {Threei}  I mean... Aztek would look beautful next to this thing
[12:41] {dino} i'd rather a segway too larisa
[12:42] {nemo} That's a lot of thorns 3i
[12:42] {larisa} he likes pain
[12:42] {Threei}  mostly to deliver...
[12:42] {dino} hmmmmmm
[12:42] {larisa} lol
[12:43] {Threei}  and btw, so you wouldn't feel bad, my house is not much to look at either:
[12:43] {Threei}  http://realitytrader.com/vad/h.jpg
[12:43] {larisa} this is romantic!!
[12:44] {Threei}  and the view is unobstructed
[12:44] {nemo} for everybody
[12:44] {larisa} lol
[12:44] {Threei}  right
[12:44] {nemo} too visceral
[12:46] {Threei}  feels like one little pullback, then upward move
[12:48] {dino} 12:50 up
[12:49] {Threei}  GS 119 break long
[12:49] {Threei}  if stays above .80 - .85
[12:50] {ese} there it is again.....TRAGIC topics set by Threei......
[12:50] {Threei}  huh?
[12:50] {Threei}  where do you see that?
[12:51] {ese} Topic set by Threei!RealityTra@jtc-fabf3b6e.gv.shawcable.net on Tue Apr 07 2009 05:47:49 GMT-0700 (Pacific Daylight Time)
[12:51] {ese} am messin with the last word first line
[12:51] {Threei}  lol
[12:52] {ese} shere does that come from......
[12:52] {ese} where
06[12:52] * Threei kicks GS in the rear
[12:52] {ese} too funny
[12:53] {nemo} stopped
[12:53] {Threei}  still swamp...
[12:53] {dptl} ahh...stopped gs
[12:57] {Threei}  grrr
[12:57] {Threei}  shakeout
[12:58] {dino}  whats this "swamp" talk
[12:59] {nemo} RIMM seems to have bottomed
[13:00] {Threei}  that was rude GS
[13:00] {magoo} like you have said..best to take pullbk on it
[13:01] {dino} in bears we wait
[13:01] {ese} indeed
[13:01] {Threei}  US TREASURY'S $6B 10-YEAR TIPS BID-TO-COVER RATIO: 2.25 V 2.48X PRIOR AND 2.02 AVG OVER THE LAST 10 AUCTIONS
[13:02] {Threei}  - indirect bidders take 26.2% of competitive bids
[13:02] {Threei}  - notes draw 1.58% with 46.5% alotted at the high{TLT}
[13:03] {Threei}  market no likey
[13:05] {Threei}  incredible boredom
[13:05] {Threei}  low volume, slightly red
[13:06] {Threei}  if we finish like this, more and more looks like serious rally brewing
[13:07] {dino} beating continues on the online eds, apol, esi, ceco, cpla
[13:07] {dino} esi-10+
[13:08] {dino} below 50 ma vol.
[13:08] {Threei}  FDA REPORTEDLY PROPOSING TO DELAY MAD COW RULES
[13:09] {dino} vad, you ever check out; www.sharkinvesting.com/volume.aspx
[13:09] {Threei}  why? cows don't want any tules?
[13:09] {Threei}  no... lemme look
[13:11] {Threei}  nice chart
[13:11] {Threei}  I like the visual representation
[13:11] {dino} me 2
[13:12] {dino} wynn
[13:13] {Threei}  GOOG CEO: UNCLEAR HOW DEEP OR HOW LONG RECESSION MAY ENDURE - CONVENTION COMMENTS
[13:13] {Threei}  no?
[13:13] {Threei}  wow... and we thought it was easy
[13:15] {Threei}  interesting how financials are relatilvely strong
[13:21] {larisa} they are drunk frogs in the bog
[13:21] {Threei}  lol
[13:21] {Threei}  nice image
[13:26] {nemo} you see a rally brewing 3i?
[13:26] {Threei}  ?
[13:26] {nemo} You said that earlier, I think, still have the same feeling?
[13:26] {Threei}  see the condition attached?
[13:27] {nemo} I'll look
[13:27] {Threei}  [13:06] {Threei} if we finish like this, more and more looks like serious rally brewing
[13:27] {magoo}  finish
[13:27] {nemo} gotcha
[13:28] {dino} feel that thurs. gaps will fill for dji, s/p
[13:28] {Threei}  wow LVS
[13:28] {Threei}  serious selling pressure
[13:28] {Threei}  what a difference a day makes
[13:29] {dino} wynn -4+
[13:31] {dino} dji filled
[13:38] {Threei}  this is beyond boring
[13:38] {Threei}  and fruitless
[13:38] {Threei}  I didn't expect such sustained seling today
[13:38] {nemo} expectations
[13:38] {dino} perhaps you expect too much
06[13:39] * Threei slaps dino around a bit with a large expectations, starting with DOW 14,000
[13:40] {dino} lol
[13:40] {Threei}  what... that too too much?? :)
[13:43] {Threei}  FAZ bounce scalp .41 long with .45 stop
[13:43] {Threei}  50/50 play
[13:43] {Threei}  sorry, .35 stop
[13:46] {dptl} cat?
[13:47] {Threei}  prettu much market dependent
[13:47] {Threei}  .45 short or .51 long
[13:47] {dptl} ok ty
[13:50] {Threei}  out FAZ
[13:50] {Threei}  1:1
[14:07] {Threei}  (GE) GERMAN GOVT INCREASING CAR SUBSIDIES TO 5B
[14:07] {Threei}  KS... gearing to buy new BMW?
[14:11] {dino}  rrgb l .00
[14:16] {larisa} what a day, too much work for 10 cents 
[14:16] {Threei}  no kidding
[14:17] {dino} chtt back down
[14:21] {Threei}  RIMM, pullback closer to .50 interesting for bouble bottom attempt
[14:23] {Threei}  looks to me like going back to 60 and above... finding entry is a challenge though
[14:26] {magoo} mkts vad into close??
[14:27] {Threei}  up
[14:27] {Threei}  won't go green, mind you
[14:27] {larisa} would be nice if we could finish -40 :)
[14:27] {Threei}  but should stage a bounce into close
[14:27] {magoo} GS might hit 120 magnet
[14:28] {Threei}  and RIMM should go about 60.20 -.30
[14:28] {magoo} took rimm .60
[14:29] {Threei}  this digestion is a killer
[14:29] {Threei}  just won't get resolved
[14:30] {dino} more like indigestion
[14:30] {Threei}  lol
[14:34] {Threei}  looks better RIMM
[14:34] {Threei}  probably not done dancing yet
[14:35] {Threei}  but at least indicates some resemblense of strength
[14:35] {nemo} if it keeps the range are you looking for a break of .80 plus market of course
[14:36] {Threei}  as entry? no, too high
[14:38] {Threei}  lost support
[14:38] {Threei}  no read again
[14:39] {Threei}  JAVA
[14:39] {Threei}  BOARD MEMBERS REPORTEDLY MEETING TOMMOROW OVER IBM TALKS; HAD UNANIMOUSLY REJECTED OFFER
[14:39] {Threei}  why are they meeting then?
[14:39] {Threei}  to slap each other backs in self-congratulatory joy?
[14:42] {dino} celebrate keeping their board seats
[14:49] {Threei}  amazing how market just hibernates today
[14:51] {Threei}  okay... time for recovery, market
[14:52] {Threei}  digestion is almost over
[14:53] {nemo} frickinfakeouts
[14:56] {Threei}  PREVIEW: FEB CONSUMER CREDIT DUE OUT AT 3PMET
[14:56] {Threei}  ** consensue expectation -$3.0Be v +$1.8B prior
[14:57] {Threei}  C
[14:58] {Threei}  picks up some buying, with volume
[15:00] {Threei}  *FEB CONSUMER CREDIT: -$7.5B V -$3.0BE
[15:00] {Threei}  yikes
[15:01] {nemo} Meredith whitney talked about that, how the banks will be yanking a ton of credit
[15:01] {Threei}  I am not sure which it is, banks yanking credit or consumers cutting borrowing
[15:02] {nemo} Banks are definitely cutting credit.  AMEX is paying people to close their accounts
[15:03] {Threei}  Canada is on different planet then
[15:03] {dino}  rrgb stop to .04
[15:03] {Threei}  offers of new credit cards and lines flow non-stop
[15:03] {nemo} where are you from Dagoba
[15:05] {wulff} where are your powers of market persuasion?
[15:05] {Threei}  gotta just start trying RIMM
[15:05] {Threei}  .60 break
[15:05] {nemo} use the frickinforce will you VadER
[15:05] {Threei}  be ready for multiple tries
[15:06] {Threei}  markrt didn't make new low on this last piece of bad news
[15:06] {Threei}  tried to spike vertically just before it
[15:06] {Threei}  all signs of end of day recovery are there
[15:07] {Threei}  RIMM, can start partialling if you want
[15:07] {Threei}  I still am on a hunt for bigger move
[15:08] {magoo} i want point
[15:08] {Threei}  want to sell half around .90 and half around 60.20
[15:08] {Threei}  magoo is even greedier than I am
[15:10] {Threei}  half out .97
[15:10] {Threei}  +.35
[15:11] {dino} to .20
[15:12] {dino} out rrgb .20, +.20
[15:12] {Threei}  wtg
[15:13] {dino} ty
[15:14] {wulff} next break should do it
[15:15] {magoo} read GS VAD!!!!!!!!!
[15:15] {Threei}  none!!!!!
[15:15] {magoo} UUGGGGGGGGGHHHHHHHHHHHHH
06[15:16] * Threei slaps magoo around a bit with a large yellow loudspeaker
[15:16] {Threei}  out 1/4 more RIMM .22
[15:16] {Threei}  +.60
[15:16] {magoo} still in FULL
[15:16] {Threei}  out in full
[15:17] {Threei}  +.70
[15:17] {Threei}  Finally!!
[15:17] {Threei}  can't believe it took so much patience to wait out this play
[15:18] {magoo} out .25 TY
[15:18] {wulff} and I was actually here to participate
[15:18] {Threei}  took it wulff?
[15:18] {wulff} yup 1/2 lot
[15:18] {Threei}  wtg'
[15:18] {Threei}  anyone else?
[15:18] {wulff} +.50
[15:18] {Threei}  except Magoo the Greedy
[15:19] {Threei}  gosh, I miss the market where this kind of play comes around every 15 minutes
[15:19] {wulff} mee too
[15:19] {magoo} cant even recall that
[15:19] {Threei}  this start-and-stop is tiresome
[15:20] {Threei}  BAC
[15:20] {Threei}  CUSTOMERS REPORTEDLY LOOKING TO REINSTATE CASE AGAINST COMPANY OVER ALLEGED ILLEGAL RETRIEVAL OF OVERDRAFT FEES
[15:20] {Threei}  - Reminder on 11/20 California Appeals court has thrown out a $296M overdraft ruling against company - San Francisco judge said that a trial judge erred when she ruled that company was barred from subtracting fees from deposit accounts that contained such gov't benefits.
[15:23] {Threei}  NY FED TO OFFER $37.B IN 28-DAY TSLF AUCTION TOMORROW; WILL ACCEPT SCHEDULE 2 COLLATERAL
[15:23] {Threei}  {TLT SHY}
[15:23] {Threei}  schedule 2 collateral - is it toothbrush?
[15:23] {nemo} used toilet paper
[15:25] {dptl} have a good evening all
[15:26] {Threei}  take care dp
[15:26] {dino} cya dp
[15:26] {magoo} bye dp
[15:30] {Threei}  I'd like one more nice play to fonish the day
[15:30] {Threei}  or finish
[15:30] {Threei}  whichever comes first
[15:31] {Threei}  maybe FAS bounce
[15:31] {nemo} gs bounce
[15:33] {Threei}  actually I like WFC most of them all
[15:34] {Threei}  DNDN...
[15:34] {Threei}  I am about to cry, lol
[15:35] {nemo} JBE
[15:36] {Threei}  NOURIEL ROUBINI: I WILL BE THE FIRST TO CALL A BOTTOM WHEN I SEE ONE - TV INTERVIEW
[15:36] {Threei}  I have too many comments on this one
[15:37] {larisa} your english is rich enough for that? :)
[15:37] {Threei}  not as rich as Russian, mind you
[15:37] {Threei}  but still
[15:38] {wulff} RIMM bounced twice
[15:41] {wulff} rimm going
[15:41] {Threei}  spike out of nowhere
[15:42] {nemo} FAS and GS too
[15:42] {Threei}  in retrospect FAS .35 was it, but nowhere near clear at the moment
[15:42] {wulff} longs used to be scareed at close.
[15:42] {wulff} now the shorts
[15:43] {nemo} yea market jumped 30 points in a minute
[15:45] {nemo} mags might get his point
[15:45] {Threei}  we are finishing in modest red, but the volume is bigger than I would prefer to confidently call it bull flag
[15:45] {Threei}  no way
[15:45] {dino} apol sm l .98
[15:45] {Threei}  mags, don't do it
[15:45] {Threei}  I'll burst of envy
[15:50] {nemo} G making another bounce of .80
[15:52] {nemo} wullff I guess the shorts arent covering on GS
[15:52] {wulff} the are no shorts in GS
[15:53] {nemo} is GS one of those sancrosanct stocks?
[15:54] {wulff} jesus stock
[15:54] {nemo} figures
[15:54] {Threei}  holy cow stock?
[15:54] {nemo} well, no fun if you can't short it
[15:55] {wulff} you can, but not recc
[15:55] {nemo} Hey Larisa, maybe -140
[15:55] {larisa} not good enough :( 
[15:55] {nemo} what's recc?
[15:56] {wulff} not reccomended
[15:56] {nemo} Why, praytell?
[15:56] {wulff} institutional favorite
[15:58] {wulff} FAZ....
[15:58] {larisa} AA opening earnings season at 4 PM :)
[15:58] {nemo} That'll be fun to watch
[15:59] {dino} apol sm overnight
[15:59] {Threei}  AA earnings... yeah
[15:59] {nemo} publish them please VAD
[16:01] {Threei}  okay... hopefully it's not in an hour
[16:01] {Threei}  thank you all
[16:01] {larisa} any minute now :)
[16:01] {Threei}  have a good evening
[16:01] {Threei}  see you tomorrow
[16:01] {nemo} P&Q
[16:01] {Threei}  AA players, stay put
[16:01] {vint} good evening all
[16:01] {fernp} good evening all
[16:01] {Threei}  vint :)
[16:01] {Threei}  take care fern
[16:02] {dino} not a great close
[16:02] {Threei}  no
[16:02] {Threei}  not a great day by any standard
[16:02] {Threei}  doesn't fit into bull flag