Apr 15 2009

Boring day ended up pretty much flat - some qwinds and some stops balanced each other out. Didn't have a feel for the market rythm at all so missed this end of day rally. Oh well.

Session Time: Wed Apr 15 00:00:00 2009

[07:50] {Threei}  (US) WHITE HOUSE ECON ADVISER GOOLSBEE: "NOBODY KNOWS THE CURRENT STATE OF THE BANKS"

[07:50] {Threei}  that's very encouraging

[07:51] {nemo}  oops...he told the truth...end of his job

[07:53] {nemo} Hindsight and all...shoulda' just put a short on in DNDN @ 10:15 and come back in the afternoon to close it :)

[07:54] {Threei}  trading off tomorrow's WSJ is the best strategy

[07:54] {nemo} yeah...was a short lived tv show back a few years, where the guy got tomorrow's paper today...but he was noble an helped save lives...sap.

[08:30] {Threei}  APR EMPIRE MANUFACTURING: -14.65 V -35.00E

[08:30] {Threei}  MAR CONSUMER PRICE INDEX M/M: -0.1% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E;

[08:31] {Threei}  FIRST NEGATIVE US CPI YOY SINCE 1955 - TRADERS

[08:42] {pita} gm everyone

[08:46] {Threei}  pita :)

[08:52] {fernp} Hello everybody

[08:52] {Threei}  fern :)

[08:55] {dino} gm all

[08:55] {Threei}  dino :)

[08:55] {Threei}  magoo is slacking again?

[08:56] {dino} not expecting him until tomorrow

[09:09] {ese} am I in?

[09:09] {ese} guess so

[09:09] {nemo} yeah

[09:09] {Threei}  ese :)

[09:09] {ese} one more day of repreive until my new visa gets here.....

[09:11] {Threei}  DRYS is slightly green

[09:12] {ese} yup ....only thing on my screen that is

[09:13] {ese} other than QID

[09:13] {Threei}  and FAZ :)

[09:14] {nemo} gold and metals green

[09:14] {dino} bkc

[09:14] {nemo} GE slightly green too

[09:15] {Threei}  *MARCH INDUSTRIAL PRODUCTION: -1.5% V -0.9%E; CAPACITY UTILIZATION: 69.3% V 69.9%E

[09:15] {dptl} good morning

[09:16] {Threei}  dp :)

[09:17] {ese} dp

[09:17] {dptl} :)

[09:17] {ese} it's looking sunny in your next of the woods dp

[09:17] {ese} looks beautiful across the straight

[09:17] {ese} from my window at least

[09:18] {Threei}  dp closes curtains in a hurry

[09:18] {dptl} lol....yep looks good here

[09:19] {ese} can you see mount baker from where you are dp?

[09:20] {Threei}  GE reports on Fri

[09:21] {Threei}  C too but C is tainted story

[09:21] {dptl} well..... have to go out side and drive for few min to the spot where i can see it , Ese

[09:21] {ese} ahhhhhhhhh

[09:21] {Threei}  we will wait for you dp

[09:21] {dptl} roflol

[09:22] {Threei}  :)

[09:22] {ese} yup .....go take a look.....looks fab this morning from my vantage point

[09:24] {dino} "fab", oh boy

[09:25] {ese} daily charts on indexes are looking down........can now practise shorting maybe with small lots

[09:25] {Threei}  I don't have clear strategy yet aside of trying to spot unusually strong ones

[09:25] {Threei}  candidates so far are GE, DRYS

[09:25] {magoo} morning

[09:25] {Threei}  magoo :)

[09:25] {Threei}  slacker

[09:25] {magoo} :)

[09:25] {ese} lack of vocabulary dino

[09:26] {dino} :)

[09:27] {_jfjf64} mornin

[09:27] {Threei}  jf :)

[09:27] {ese} jf

[09:28] {magoo} u do well yesterday vad?

[09:28] {Threei}  let's skip first minutes

[09:28] {Threei}  I have no clean setups for opening trades

[09:29] {Threei}  nice thing to see would be GE forming a range between .40 and .55, then breaking it to the upside

[09:29] {dino} 10.59 area big gap ge

[09:29] {Threei}  just want it to happen over 5-15 minutes, not right away

[09:31] {dino} gaps 1300, 825

[09:32] {Threei}  ummmmmmmmmm

[09:32] {Threei}  Prez is to speak later today on a matter of taaxes, with main theme being:

[09:33] {Threei}  restoring the fairness in taxes to end "favoring the wealthy"

[09:36] {dino} not good maket news 

[09:36] {dino} raising cap. gains

[09:40] {Threei} Long Setup:  DRYS  .35 if holding above .20

[09:40] {Threei} Long Setup:  GE  .30 if holding above .20

[09:42] {magoo} in ge

[09:42] {magoo} agress

[09:43] {nemo} in ge

[09:43] {dptl} in ge

[09:43] {Threei}  let's modify DRYS

[09:43] {Threei}  .30 break long

[09:44] {Threei}  want to have tighter stop

[09:44] {dptl} in drys.30

[09:44] {nemo} blew by that

[09:44] {Threei}  1:1 for you dp

[09:44] {magoo} shreesh

[09:45] {dptl} all out drys ty

[09:45] {magoo} out .46 drys

[09:45] {magoo} AWESOME fill

[09:45] {magoo} in .28

06[09:45] * Threei slaps magoo around a bit with a large roll of cash

[09:46] {magoo} unreal fill

[09:46] {Threei}  FEED

[09:46] {ese} nice mags

[09:46] {magoo} fill=feed??

[09:46] {Threei}  continuation from yesterday

[09:46] {Threei}  if you went for that overnight hold, it's coming to 1:1

[09:48] {Threei}  FEED, if you have any,

[09:48] {ese} wanted SCHW......but no place to get in ...no place

[09:48] {Threei}  with any market help looks capable of 4

[09:48] {Threei}  possibly more

[09:49] {dptl} come on ge

[09:49] {pita} too late to enter?

[09:49] {Threei}  not here pita...

[09:49] {Threei}  sharp spike

[09:49] {Threei}  see if we get a pullback

[09:50] {Threei}  you remember yesterday's idea on FEED,

[09:50] {Threei}  that was either scalp for about 15 cents or overnight hold with stop about 30

[09:50] {pita} ok

[09:50] {Threei}  so my comments are for play continuation

[09:50] {Threei}  as a new entry, well... pullback into .50-.60 zone...

[09:51] {Threei}  GE 1:1

[09:51] {dptl} out ge ty

[09:51] {fernp} out GE ty

[09:51] {Threei}  welcome guys

[09:51] {magoo} out GE .43 TY

[09:51] {_jfjf64} ty

[09:51] {Threei}  FEED had news earlier, lewt me dig it out

[09:52] {Threei}  04/15/09 06:55am

[09:52] {Threei}  [FEED] Agfeed Industries Enters hog genetic program arrangement with Hypor (pig breeding division of Hendrix Genetics)

[09:52] {Threei}  - AgFeed's strategic plan calls for development of a platform for the production and sale of approximately 2,000,000 hogs into the Chinese market during 2010-2011.

[09:52] {Threei}  - The key element to this future growth is scientific breeding which is underscored by our arrangement with Hypor.

[09:52] {Threei}  GE 1:2

[09:53] {dino} be stop to .48 ty vad

[09:53] {Threei}  :)

[09:54] {nemo} GE followed FAS slightly

[09:54] {dino} to .58

[09:54] {Threei}  beautiful way to play it dino

[09:54] {ese} L hban .76

[09:54] {dino} out .59, +.29

[09:54] {Threei}  wtg

[09:54] {_jfjf64} nice nice

[09:54] {Threei}  wow ese

[09:55] {Threei}  that's a very risky point of entry

[09:55] {dino} well, risk is his business

[09:55] {Threei}  35 cents almost vertical run

[09:55] {Threei}  why not wait for pullback

[09:56] {Threei}  it's not like I am a stranger to risk as you can gather from my choice of profession...

[09:56] {Threei}  but I want it to be caluclated :)

[09:56] {nemo} what? marriage?

[09:58] {nemo} GE...lotta' resistance at .60 from yesterday

[09:58] {Threei}  jeez... I need to calibrate my scanner tighter, so it doesn't catch this kind of things but for oldtimers, what blast from tha past: DLIA

[09:59] {nemo} DRYS double bottom?

[09:59] {Threei}  that would be triple already

[10:00] {ese} on reflextion ...not the best entry for sure......

[10:00] {nemo} well, tht last one is a tad higher, but....

[10:00] {dptl} feed?

[10:00] {ese} L hban avg .73

[10:01] {Threei}  hard to tell dp, this is not really technically read stock

[10:01] {nemo} BAC Vad?

[10:01] {dptl} ok ty

[10:01] {ese} went after it because of the daily chart......long bottoming tail

[10:01] {Threei}  I am not delighted by BAC

[10:02] {Threei}  HBAN ese?

[10:02] {Threei}  I see whast you mean but why not fine-tune entry by interadayu chart

[10:02] {ese} yes

[10:03] {Threei}  sheesh my typing

[10:03] {Threei}  how do I manage to hit twice as many keys as needed

[10:03] {Threei}  interadayu?

[10:03] {ese} yes i should have wited for this litle pullback

[10:05] {ese} i waited for the qqqq's to show up then went after it....if q's pullback hard i'm in trouble

[10:10] {Threei}  wow

[10:10] {magoo} vad.we in anything

[10:10] {Threei}  what the deuce

[10:10] {fernp} WFC breakot Vad?

[10:11] {nemo} What VAD?

[10:11] {Threei}  let's let the break go, wait for pullback and enter if market continues

[10:11] {Threei}  what what?

[10:12] {_jfjf64} you the boss

[10:12] {nemo} "What the deuce"

[10:12] {Threei}  you don't swee what happened 30 seconds before I said that? :)

[10:12] {Threei}  fern, sharp drop under .40

[10:12] {dino} aipc sm l.20

[10:13] {Threei}  this is what I want to see to enter WFC on strength resupmtion

[10:13] {Threei}  recross of .40

[10:13] {Threei}  with stop under the low of this pullback

[10:13] {nemo} you mean mags comment?

[10:13] {dptl} in wfc .41

[10:14] {dptl} stop .34?

[10:14] {Threei}  yes

[10:14] {Threei}  I mean market spike and FAZ drop

[10:14] {Threei}  no worky

[10:15] {dptl} stopped

[10:15] {ese} out HBAN .82 +.09 on 100000 of the little blighters

[10:15] {larisa} zeros are growing :)

[10:15] {Threei}  one zero too may ese?? :)

[10:16] {nemo} One hundred thousand shares ese?

[10:16] {ese} yes 10000

[10:16] {dino} axys l .25 sm

[10:16] {ese} tks nemo......other risk way out of my line

[10:17] {nemo} I was going to be really impressed

[10:17] {nemo} GE holding up pretty well

[10:19] {Threei}  no continuation to the spike

[10:20] {ese} FITB has the same lookin chart

[10:20] {fernp} lost my internet connection

[10:20] {fernp} any play with GE?

[10:20] {Threei}  if it saved you from WFC, good thing

[10:21] {Threei}  GE forms .60 - .70

[10:21] {fernp} lol

[10:21] {dptl} so long .70 ge?

[10:21] {_jfjf64} ge

[10:21] {Threei}  .71 official trigger

[10:21] {ese} missed it fitb

[10:21] {dptl} in

[10:22] {fernp} in

[10:23] {magoo} in

[10:23] {Threei}  gosh... don't pile up all at once...

[10:24] {nemo} in

[10:25] {dptl} phm?

[10:26] {Threei}  nah

[10:26] {ese} L Drys .30'

[10:26] {nemo} stop on GE vad?

[10:26] {Threei}  [10:21] {Threei} GE forms .60 - .70

[10:27] {nemo} .60 for day trade 65 for scalp?

[10:27] {Threei}  I don't see any significance to .65 as support

[10:27] {Threei}  that would be just an arbitrary stop not based on the chart

[10:28] {dino}  ncty, lufk

[10:28] {magoo} l aapl .55

[10:30] {ese} full lot mags

[10:30] {magoo} 350 sh

[10:31] {ese} am following aapl alot trying to learn how to trade it.......keep getting burnt there....for real and papper trades

[10:31] {magoo} no go

[10:32] {ese} drys ain't lookin too good either

[10:32] {magoo} it follows q ..mkt for most part

[10:32] {magoo} duped me tghere

[10:35] {dino} i hate trading appl

[10:37] {ese} drys stopped....^%$&#^   .19 -.11

[10:38] {ese} i may get to that with that stock dino

[10:40] {nemo} could you kick the market Vad?

[10:41] {pita} still in GE with stop @ .60?

[10:41] {dino} gj pita

[10:41] {ese} drys has a good lookin daily chart........cup and handle lookin thing

[10:41] {Threei}  I would say just under .60, pita

[10:41] {pita} k

[10:42] {dino} ncty sm l .82

[10:52] {magoo} ge no work

[10:53] {dptl} ksu?

[10:54] {nemo} god bless you

[10:54] {Threei}  chart is right dp, I just don't see this market as breakout-favorable

[10:55] {nemo} stopped

[10:55] {dptl} stopped ge

[10:55] {fernp} stopped GE

[10:55] {nemo} stopped

[10:55] {_jfjf64} ditto

[10:56] {dino} esrx risky, sm s .31

[10:57] {dino} bstop is .63

[10:58] {dino} deck

[11:00] {Threei} Short Setup: DNDN  .85 if stays below 17

[11:00] {Threei}  unavailable

[11:00] {Threei}  oh well

[11:01] {dptl} ip interesting

[11:02] {dino} ncty stop tightern to .58 not working

[11:02] {fernp} DRYS breakdown?

[11:03] {Threei}  hmmm

[11:03] {Threei}  not really delighted

[11:03] {Threei}  DNDN 1:1

[11:04] {Threei}  anyone got it with other brokerage?

[11:04] {dino} ncty stopped -.27 slippage

[11:04] {fernp} DNDN unavailable here

[11:05] {Threei}  too bad

[11:05] {nemo} ge short .54?

[11:06] {Threei}  not sure

[11:07] {dino} esrx to b/e

[11:07] {Threei}  DNDN over 1:2

[11:07] {Threei}  painful, isn't it

[11:08] {_jfjf64} y

[11:09] {Threei}  1:3

[11:09] {nemo} not funy

[11:09] {Threei}  is 1:4 funny?

[11:09] {_jfjf64} oh boy

[11:10] {dptl} yeah and no Dave to slap :)

[11:10] {dino} esrx stopped +.07

06[11:10] * nemo slaps Threei around a bit with a large large list of unavailable stocks to short

06[11:10] * Threei slaps MIA lasredave around with big alarm clock

[11:10] {dptl} lol

[11:10] {nemo} GE break of .60?

[11:10] {ese} drys filled yesterdays gap......

[11:11] {Threei}  nah

[11:11] {dino} lufk sm l .80

[11:13] {Threei}  ok, whatever you do - do not, I repeat, do not look at DNDN

[11:13] {nemo} nice

[11:15] {vinod} good morning

[11:16] {dino} darn esrx stop too tight

[11:18] {Threei}  vinod :)

[11:19] {Threei}  full dollar DNDN

[11:19] {Threei}  but we agreed not to look

[11:20] {dino} aipc stopped major slip -.38]

[11:20] {magoo} dammit...i held out till now...now just looked:)

[11:20] {Threei}  lol

[11:20] {Threei}  seems bottomed

[11:21] {larisa} whats with UAUA ?

[11:21] {dptl} ye all airlines heppy for some reason

[11:21] {Threei}  11:02am [AMR] Reports Q1 -$1.35(incl $0.05 charge) v -$1.68e, R$4.84B v $4.73Be

[11:22] {dptl} oh that

[11:22] {magoo} i hit DNDN long on your mention .09

[11:24] {larisa} I think LLTC reports in 10 minutes or so

[11:24] {dptl} .20 long dndn if stays above .10?

[11:26] {Threei}  yes

[11:26] {Threei}  lol

[11:26] {magoo} im out .38 here TY boss

[11:26] {dptl} lol

[11:26] {Threei}  welcome mags

[11:26] {cosmo} SOLR patiently waiting for market to bottom

[11:27] {cosmo} 7.23 hod

[11:27] {cosmo} oops

[11:28] {Threei}  nice salmonish action

[11:28] {cosmo} got impatient tho

[11:30] {ese} L drys .22 

[11:30] {ese} same couple of lots

[11:31] {_jfjf64} GE?

[11:32] {Threei}  don't know

[11:32] {Threei}  looks riight, but whipsaws everywhere

[11:33] {_jfjf64} Y

[11:34] {ese} i've got alot of solar stocks that i've been monitoring cos.....thats just a matter of time....I do have 3000shs of eslr for a long term hold....my 3 to 4year target is $35 to 45 

[11:35] {Threei}  that far exceeds my math abilities

[11:35] {cosmo} lets hope...

[11:35] {dino}  gl

[11:35] {ese} it me a while to do it on eslr for sure

[11:35] {dino} bkc l .40

[11:37] {ese} "it took"    how about typing what your thinking ese....man

[11:38] {dino} funny thing, i understood

[11:38] {Threei}  scary too

[11:38] {ese} ohhhhhh oh!!!!

[11:39] {Threei} Long Setup:  RIMM  .30 if stays above .15

[11:39] {nemo} too fast

[11:40] {dptl} in.31

[11:40] {Threei}  second chance

[11:40] {nemo} in

[11:42] {magoo} in

[11:43] {dino} pcln wants 85 area strike

[11:45] {Threei}  sh*t

[11:45] {Threei}  Prez on TV in 10 min

[11:45] {dino} out bkc .53, +.13

[11:46] {Threei}  you better work fast RIMM

[11:46] {Threei}  stop to under .20

[11:46] {nemo} You need to put stickys on your monitors

[11:47] {Threei}  with this frequency of appearances I won't see the monitor

[11:47] {pita} he does like the cameras

[11:47] {nemo} I'm going for the vodka

[11:47] {dino} (yo)bama

[11:49] {nemo} obamanibal

[11:49] {dino} yesterday he talked and we lost 70 dji points, any bets today

[11:50] {vinod} Prez on TV and market goes down?

[11:50] {dino} yes

[11:50] {Threei}  that's the pattern so far vinod

[11:50] {Threei}  like clockwork

[11:50] {Threei}  didn't work maybe once or twice

[11:50] {dino} he'll be bashing the speculators and wealthy today. forgets capitalism is all basec on speculation

[11:51] {dino} based

06[11:51] * Threei kicks RIMM in the rear with steel-toe heavy duty army boots

[11:52] {nemo} Been a while since you and those out

[11:52] {nemo} you had those out

[11:52] {dino} your nose out

[11:52] {Threei}  they already showed podium on TV

[11:53] {magoo} im out

[11:53] {dino} ndx btw filled 4/8 gap

[11:53] {magoo} not risking it

[11:53] {magoo} + .01

[11:53] {Threei}  don't spend it all at once mags

[11:53] {vinod} Prez going to join Tea party?

[11:53] {Threei}  lol

[11:53] {dino} thinking, attacking the rich, will insurers benefit

[11:54] {magoo} lunch $$

[11:54] {Threei}  what's the logic behind it dino?

[11:54] {nemo} should we put the stop under .25 with the pres coming

[11:54] {dino} life insurance is not taxable to the estate if estate is not the beneficiary

[11:55] {Threei}  I think it's reasonable nemo

[11:55] {dptl} .25?

[11:56] {Threei}  yeah

[11:56] {dino} med cos. geeting hit again

[11:56] {dptl} ok dok

[11:56] {Threei}  last pullback bottomed out at .27

[11:56] {Threei}  so let's be anal-retentive

[11:57] {magoo} anal - resentment}??

[11:57] {dino} lufk stopped -.31

[11:58] {ese} drys stop to break even .22

[11:58] {dino} damn rinse again

06[11:58] * Threei pokes RIMM with electrocharged sharp stick

[11:59] {ese} that should work

[11:59] {Threei}  unless it sends it into shock

[11:59] {nemo} I got out @ .35, don't trust Obama

[11:59] {Threei}  you don't???

[11:59] {Threei}  I am shocked

[11:59] {nemo} call me paranoid

[11:59] {Threei}  stunned I am telling you

[12:00] {nemo} Wanna' be stunned...should see me in a speedo...NOT!

[12:00] {Threei}  that would leave me blind

[12:00] {Threei}  burned retina

[12:00] {nemo} I tend to have a Medusal effect

[12:01] {dino} he'll be his usual 20 min. late

[12:02] {vinod} out rimm 0.35

[12:02] {Threei}  here he is

[12:02] {Threei}  PRESIDENT OBAMA: US SHOULD CUT TAX BURDEN ON WORKING PEOPLE

[12:02] {dino} we were at +41 dji

[12:03] {Threei}  I suspect the trick is in definition "working"

[12:04] {Threei}  ADVISIOR VOLKER PLANS TO RELEASE REPORT ON TAX CODE LATER THIS YEAR

[12:04] {Threei}  - Vows to press ahead with simplifying tax code.

[12:04] {Threei}  - Reiterates his pledge to maintain fiscal discipline, cut $2T in spending within 10 years.

[12:05] {Threei}  we are holding so far

[12:09] {Threei}  lol, DNDN made a dollar in another direction as well

[12:10] {Threei}  dam is broken

[12:10] {Threei}  out RIMM +.11

[12:11] {Threei}  prez is done

[12:12] {nemo} well that was relatively painless

[12:12] {nemo} ese, you play fitb this morning?

[12:12] {Threei}  no substance to the speech, so market didn't react

[12:12] {Threei}  just a political stunt

[12:12] {dptl} still half in rimm

[12:13] {nemo} look at GE

[12:13] {Threei}  I don't think you have that much patience dp, I think you simply fell asleep

[12:14] {dptl} lol

[12:14] {dino} sm l deck .50

[12:15] {dptl} ok out

[12:19] {Threei}  since the beginning of the current recession, the federal government has spent, lent or pledged $13 trillion on various economic recovery efforts.

[12:19] {Threei}  How big is that number?

[12:19] {Threei}  Well, if you were to spend a dollar every second, it would take 412,000 years to blow through $13 trillion.

[12:24] {dino} see, thats a problem, my calculators only go to 10 million

[12:24] {Threei}  mine too, but even that is too much - my natural limitations keep me at 100,000...

[12:28] {pita} RIMM double bottom?

[12:29] {Threei}  no pattern really

[12:29] {Threei}  just meaningless noize

[12:29] {dino} algt

[12:30] {Threei} Long Setup:  FAZ  .07 if stays above 11

[12:31] {Threei}  for a day trade - if syas above .90

[12:33] {Threei}  so far, narrow, boring and empty day

[12:33] {Threei}  15 points NQ range

[12:34] {_jfjf64} FAZ INVALIDATED???

[12:34] {Threei}  ouch

[12:34] {Threei}  don't scream at me please... I am easily scared

[12:34] {_jfjf64} LOL

[12:34] {Threei}  yes, unless goes through new consolidation

[12:35] {nemo} Great...had lunch and din't miss anything

[12:35] {Threei}  lol

[12:35] {nemo} GE vad?

[12:35] {Threei}  don't know

[12:35] {Threei}  want a strange play?

[12:36] {nemo} yeah, me neither, that's why I asked you

[12:36] {Threei} Long Setup:  UBS  11 break

[12:37] {magoo} in

[12:40] {nemo} what's the stop on UBS, Dude?

[12:40] {nemo} a breakout at lunch?  mmmmmhhhh

[12:41] {Threei}  for hardcore scalpers closest support, .95... but those already had their 1:1

[12:41] {Threei}  otherwise under .90

[12:42] {dptl} oh just stepped away for sec and missed that one

[12:44] {dptl} may be now?

[12:44] {Threei}  with strength resumption

[12:44] {dptl} ok

[12:44] {Threei}  watch FAS for help

[12:45] {Threei}  there you go

[12:45] {dptl} ok in .01

[12:45] {larisa} I am starting new business : diapers for daytraders, that will have quotes, scans and let you stare at your monitor without interraptions 24/7 :) 

[12:45] {Threei}  sounds like a winner

[12:46] {ese} HEY!!!!!!! GUESS WHAT???? I'M LONG FITB .754!!!  GONNA SCALE BY WAY IN EHHHHHH!!!!!

[12:46] {nemo} I keep my treestand bottle next to my desk

[12:46] {nemo} ese...skip your medication this morning?

[12:46] {dptl} stop under .90 for me

[12:47] {ese} ahhhhhhhh.....i think i did.....yes.....i did

[12:47] {ese} let me take care of that right now.........

[12:47] {nemo} scaaaarrrrryyyyyy.....

[12:47] {dino}  ip, oc, pjc

[12:47] {ese} HOWS THAT!!!!!

[12:47] {Threei}  PREVIEW: APRIL NAHB HOUSING MARKET INDEX DUE OUT AT 1PMET

[12:47] {Threei}  **consensus expectation: 10e v 9 prior

[12:47] {Threei}  - estimates range from 8 to 12

[12:47] {Threei}  - the index hit a record low of 8 in Jan 2009.

[12:48] {ese} drys is ticking me off though.....

06[12:49] * nemo kicks drys with spiked steel toe army boots for ese

[12:50] {ese} tks

[12:50] {ese} could use all the help it can get

[12:50] {dptl} ge?

[12:50] {Threei}  don't know

[12:50] {nemo} I asked dp, got the same answer

[12:51] {dptl} :)

[12:52] {Threei}  what a yawner of a day

[12:53] {dptl} may be ubs don't know it has to look at fas?

[12:53] {ese} i'm likin the fitb is lookin."as he say sheepishly"...not wanting to up set the master

[12:54] {nemo} GE gettin' uppity

[12:54] {ese} way ftib is lookin

[12:54] {Threei}  I actually scalped it ese :)

[12:55] {ese} nice......may i ask how

[12:55] {nemo} RIMM break of .40?

[12:55] {Threei}  was a bit late... .78 - .85

[12:55] {ese} beauty ...how shs

[12:55] {Threei}  RIMM, I am not sure... I'd expect much wider action from this one

[12:56] {Threei}  way too narrow today

[12:56] {nemo} maybe calming down after that last couple of weeks

[12:56] {Threei}  we tightened stop on it to 5 cents (!) and didn't get stopped

[12:56] {Threei}  do you remember RIMM honoring such stops ever?

[12:57] {nemo} look @ the pretty C&H between 11:10 ad 11:30 on wfc

[12:57] {nemo} nice volume drop off on the handle

[13:00] {dptl} wow...

[13:00] {dptl} now what?

[13:00] {Threei}  APR NAHB HOUSING MARKET INDEX: 14 V 10E

[13:03] {ese} closed out fitb .83 +.08 and drys .09 +.07

[13:03] {dptl} Vad should i trail ubs stop to under .94 now?

[13:03] {Threei}  sure

[13:03] {dptl} ok ty

[13:04] {Threei}  doesn't behave afer that initial spike

[13:04] {Threei}  case of not only "the first break is the best break", but also "first break is the only break", lol

[13:05] {nemo} the first break was an inverted hammer...not good by Japanese standards

[13:05] {nemo} RIMM you SOB!

[13:07] {ese} am outta here for the day everyone....see you all tomorow....definately a blast hangin with you all

[13:08] {Threei}  take care ese, we like you too

[13:08] {ese} see ya vad

[13:08] {Threei}  group hug

[13:08] {nemo} oy

[13:08] {Threei}  flowers fall from the sky

[13:08] {nemo} manna from heaven

[13:08] {nemo} birds singing

[13:08] {nemo} lion and antelope nestle together on the plain

[13:08] {Threei}  Mozart in the background

[13:08] {nemo} democrats and republicans become drinking buddies

[13:09] {nemo} oh, shit, that's in Hell.

[13:09] {dptl} stopped ubs

[13:09] {Threei}  Arafat cries on the shoulder of Netanyahu

[13:09] {nemo} He's dead

[13:09] {nemo} RIMMM!!!!

[13:10] {dptl} -.09 ubs

[13:13] {dptl} see?

[13:13] {Threei}  see what?

[13:14] {magoo} here comes the lecture he he

[13:14] {dptl} lol.....30 with .20 stop?

[13:14] {Threei}  rofl, you mean stock SEE??

[13:15] {dptl} roflol yeah

[13:15] {magoo} oh..lol

[13:16] {Threei}  ok, that one goes down in the hall of fame

[13:16] {Threei}  and no, I don't like this break

[13:16] {vinod} vad -still holding Feed and F?

[13:16] {dptl} ok ty :)

[13:16] {Threei}  FEED no, sold on a spike over 1:1 earlier

[13:17] {Threei}  F, I haven't played it this week at all

[13:17] {vinod} thanks

[13:17] {dino} bkc l .05 

[13:20] {vinod} when I has no work at job market is boaring

[13:21] {vinod} and when there is lots of work market is exiting and i can't play

[13:21] {nemo} Murphy's corrollary

[13:22] {dptl} ok,going for a smoke

[13:22] {Threei}  WHITE HOUSE: STRESS TEST RESULTS TO BE RELEASED IN MAY IN A 'COORDINATED' METHOD

[13:22] {Threei}  what a bullcrap

[13:22] {nemo} taurine excrement

[13:23] {Threei}  I've never seen such open admission of manipulation of public perception

[13:23] {vinod} what happen to april?

[13:23] {nemo} I thought you lived in the Soviet Union?

[13:24] {Threei}  "we will show tyou the bits and pieces of carefully crafted information in order to create certain impression in you" - and it's being said openly

[13:24] {vinod} it is my dream to visit there

[13:24] {Threei}  I did... and no one ever said there "yes we manipulate your perception"

[13:24] {Threei}  visit what vinod? Soviet Union?

[13:24] {Threei}  I have bad news for you then

[13:25] {vinod} yes soviet union

[13:25] {Threei}  you are 20 years late

[13:26] {Threei}  Conquest Vacation is out of business today

[13:26] {Threei}  one of biggest travel agencies in Canada

[13:27] {Threei}  PREVIEW: PREVIEW: FED'S BEIGE BOOK SURVEY OF REGIONAL ECONOMIC CONDITIONS TO BE RELEASED AT 2PMET

[13:28] {Threei}  what is it you want to see there vinod?

[13:36] {magoo} we in anything boss?

[13:36] {Threei}  coma

[13:37] {magoo} u make good dough yesterday without magoo?

[13:37] {Threei}  much better than today

[13:37] {Threei}  so I'd think it's your fault

[13:38] {nemo} Principle:  Always blame the guy who isn't there so he can't defend himself

[13:39] {vinod} vad-Too many good stories was going on Indian TV about USSR when I was child

[13:39] {vinod} Lot to do with political relation

[13:39] {Threei}  well... I hate to rain on your parade but they were lies :)

[13:40] {nemo} BKC dino...

[13:40] {Threei}  if you go though, see St Petersburg first of all

[13:40] {dino}  in it a bit high

[13:41] {vinod} Now a day it is all about Israel. 80K visiting India/year

[13:42] {vinod} will see you tomorrow

[13:42] {Threei}  take care vinod

[13:44] {Threei}  GM

[13:44] {Threei}  CONFIRMS BLACK OAK PARTNERS IS AMONG A GROUP BIDDING FOR SATURN ASSETS; NOTES THERE ARE MULTIPLE BIDDERS FOR THE SATURN BRAND

[13:44] {Threei}  - GM plans to give an update to its dealers in the next two weeks

[13:45] {Threei}  I must be from another planet

[13:45] {Threei}  I can't understand who would want Saturn

[13:46] {Threei}  wow RIMM

[13:46] {Threei}  should be a bounce soon

[13:46] {dino} why would anyone want saturn, it's never made money

[13:46] {Threei}  and ugly

[13:46] {Threei}  and crappy car

[13:49] {Threei}  speaking of cars...

[13:49] {Threei}  fighting temptation to switch from my beloved Murano to Infiniti FX 35...

[13:50] {_jfjf64} Q45 BIG GUY

[13:51] {Threei}  nah, not my type

[13:51] {Threei}  FX on the other hand...

[13:51] {_jfjf64} WIFE DRIVES FX   LOVES IT

[13:52] {Threei}  could you turn caps down please? :)

[13:52] {Threei}  told you I am easily scared, lol

[13:52] {_jfjf64} lollol

[13:52] {Threei}  I love FX... amazingly personalized car, totally feels like there is just one copy built for you

[13:53] {Threei}  in absence of roads to utilize its power, find it hard to justify the additional expense and fuel-non-economy... :)

[13:54] {Threei}  so it's reason vs emotions

[13:54] {_jfjf64} low

[13:56] {magoo} beige bk in few?

[13:56] {Threei}  yes

[13:56] {Threei}  4 min

[13:56] {Threei}  aka lately as beige book with black pages

[13:58] {dino} lufk

[14:00] {Threei}  FED'S BEIGE BOOK: NATIONAL ECONOMY CONTRACTED SLOWER IN 5 OF 12; REMAINED WEAK 2PM

[14:01] {_jfjf64} axp on mission

[14:01] {Threei}  HOUSING MARKETS HAD SIGNS OF WEAK STABILIZATION

[14:01] {Threei}  - Credit remained tight across regions;

[14:01] {Threei}  what's with it?

[14:02] {Threei}  REPORTS MARCH MASTER TRUST; NET CHARGE OFFS 8.8% V 9.3% M/M, 8.3% IN JANUARY

[14:02] {Threei}  - Delinquencies:

[14:02] {Threei}  - Owned basis 30 days past due 5.1% of total loans v 5.3% m/m

[14:02] {Threei}  - Managed Basis 30 days past due 5.1% v 5.3% m/m

[14:03] {Threei}  V followed the suit

[14:07] {Threei}  19 break long

[14:07] {Threei}  if stays above .90

[14:07] {dptl} ?

[14:07] {Threei}  AXP

[14:07] {Threei}  sorry

[14:08] {nemo} oh well

[14:08] {nemo} I almost bought V

[14:10] {dino} out deck .90, +.40 all day

[14:10] {larisa} nice

[14:11] {dino} ty

[14:12] {dino} thing falls fast

[14:12] {Threei}  - A few regions saw indications that economic activity was stabilizing at a low level; manufacturing continued to decline in most districts; auto dealers continued to struggle in March.

[14:12] {Threei}  - non financial services continued contraction across districts; retail spending 'sluggish'; signs of slight imporvement in sales.

[14:12] {Threei}  - Pressures on prices were to downside.

[14:12] {Threei}  - Non residential real estate continued to deteriorate with demand falling for office, industrial, and retail space

[14:17] {dino} deck lods

[14:18] {dino} lufk too

[14:20] {Threei}  what a chaos

[14:20] {nemo} Mmmmmmhhhhh....Get Smart

[14:21] {dino} whacko markets today again

[14:21] {nemo} Bounce scalping in the 3-4 hour

[14:22] {dino} deck drops buck in 7 minurtes

[14:23] {dino} markets are just instant reactions to news anymore

[14:25] {nemo} LOD on RIMM .11

[14:27] {Threei}  DECK looks bouncy to you dino?

[14:30] {dino} was just thinking that

[14:31] {dino} lufk too

[14:33] {dino} sm l lufk .80

[14:33] {dino} my entries suck this week

[14:41] {dino} lufk stopped

[14:41] {dptl} ge short?

[14:41] {Threei}  don't know

[14:43] {Threei}  DECK not making new lows with NASDAQ anymore

[14:43] {Threei}  could be ready for bounce when NASDAQ reverses

[14:44] {dptl} spread

[14:45] {Threei}  US HOUSE PANEL TO REPORTEDLY HOLD A MEETING ON RESOLUTION AUTHORITY ON MAY 5, 6 FOR SYSTEMICALLY IMPORTANT COMPANIES - UNCONFIRMED REPORT

[14:57] {magoo} stalking anything boss?

[14:58] {Threei}  WFC

[14:58] {dino} intc

[14:58] {Threei}  DECK

[15:00] {magoo} ok

[15:02] {dino} you get deck vad

[15:02] {Threei}  yeah

[15:03] {dino} waited 58.70, no fill

[15:03] {Threei}  I took .82

[15:04] {_jfjf64} ??

[15:04] {Threei}  I have no idea how you define exits on these dino

[15:04] {Threei}  not my kind at all

[15:05] {dino} lufk 29s

[15:05] {dino} .50 hard to get thru imo, so under that

[15:06] {nemo} crissakes RIMM

[15:06] {Threei}  whatever, I am out .34 and .32

[15:06] {dino} but usually .40 up, hard stop and let it trade

[15:06] {Threei}  I can't read these things :)

[15:06] {Threei}  that was trade in your name

[15:09] {dino} partial .70

[15:12] {dino} giddy-up

[15:12] {magoo} AXP high

[15:13] {magoo} wfc high

[15:13] {magoo} bac high

[15:15] {magoo} financials acting like good report coming in jpm

[15:17] {magoo} who is the one named magoo of which all of you ignore?

[15:18] {Threei}  that's a very complicated questiona

[15:19] {dino} some dork

[15:19] {Threei}  frkin WFC

[15:19] {magoo} all those stox ripped higher

[15:20] {dino} look at bkc rebound

[15:21] {dino} two days of rinse r oni for me

[15:21] {magoo} im up huge

[15:22] {Threei}  congratulations

[15:22] {magoo} nah

[15:22] {magoo} just in a zione'

[15:22] {magoo} zone

[15:22] {magoo} still cant type

[15:22] {Threei}  next time if you don't share your entries and come back bragging of your gains, I'll slap the living hell out of you

[15:23] {Threei}  on the day when I am cold as cucumber, no help whatsoever

[15:23] {Threei}  actually... why wait for the next time

06[15:23] * Threei slaps magoo around a bit with a large trout

[15:23] {magoo} [15:13] {magoo} AXP high

[15:23] {magoo} [15:14] {magoo} wfc high

[15:23] {magoo} [15:14] {magoo} bac high

[15:23] {magoo} [15:16] {magoo} financials acting like good report coming in jpm

[15:23] {magoo} [15:18] {magoo} who

06[15:23] * Threei slaps magoo around a bit with a large roll of cash

06[15:23] * Threei slaps magoo around a bit with a large chart of uptrending market

[15:24] {Threei}  ok, feeling better

[15:24] {magoo} glad to help

[15:27] {magoo} look long JPM next pullbk

[15:27] {magoo} close to 32

[15:27] {magoo} half lot..trisky

[15:29] {Threei}  today is a mess... I can't get a firm grip on the rythm

[15:30] {magoo} mkts are so whippy anymore

[15:30] {dino} same here

[15:30] {magoo} i took jpmn

[15:30] {magoo} jpm

[15:31] {magoo} in .25

[15:31] {magoo} stop .97

[15:31] {dino} careful

[15:31] {magoo} not liking it with futes falling

[15:35] {magoo} really need mkts to blast off here

[15:37] {Threei}  can't believe it... you know how I finish the day, money wise?

[15:37] {Threei}  up $4

[15:37] {Threei}  4.00

[15:37] {Threei}  rofl

[15:37] {magoo} 400 hundred

[15:38] {Threei}  why did I even wake up today?

[15:38] {dino} 46 here

[15:38] {magoo} to hang with magoo

[15:38] {Threei}  that must be it

[15:39] {Threei}  laserdave, you here?

[15:39] {laserdave} howdy

[15:39] {Threei}  please submit my today's profit to the fund of salvation of Amazon rainforest

[15:39] {Threei}  I want to make those $4.00 useful;

[15:40] {magoo} JPM

[15:40] {Threei}  good one mags

[15:40] {magoo} looking for .60 area

[15:41] {dino} deck to .19

[15:42] {dino} to .28

[15:42] {magoo} theres .30 cents regardless

[15:42] {dino} to .37

[15:42] {dino} to .40

[15:43] {Threei}  jeex AXP

[15:43] {dino} out +.67

[15:43] {Threei}  wtg dino, you did much better on it that I

[15:43] {dino} thats how 3i

[15:43] {dino} lock in .40, then trail tight

[15:43] {dino} well that added 300

[15:47] {dino} they need to stop publishing the efficient market theory books

[15:47] {Threei}  they can't... that would mean they need to write new ones

[15:50] {magoo} stop on jpm is now .25 flat'

[15:50] {magoo} want .60 area

[15:52] {magoo} .61 

[15:52] {magoo} .65

[15:52] {magoo} out .67

[15:52] {magoo} ty vad

[15:52] {Threei}  wtg

[15:53] {magoo} wtg= what the goo

[15:53] {magoo} goo=magoo

[15:56] {fernp} good evening. see you all tomorrow

[15:56] {magoo} cu fernp

[15:56] {Threei}  take care fern

[15:56] {Threei}  quite amazing rally at the eod

[15:56] {Threei}  for the world of me I didn't see it coming

[15:57] {dptl} have a good evening all

[15:57] {larisa} bye all :)

[15:57] {Threei}  take care larisa

[15:57] {magoo} bye u 2

[15:57] {dino} take care all

[15:57] {Threei}  thank you all

[15:58] {Threei}  have a good evening, see you tomorrow

[16:00] {Threei}  (US) TREASURY: WON'T CALL CHINA A CURRENCY MANIPULATOR

[16:00] {Threei}  {China} what a relief... we were so scared