RealityTrader Trading Log

Wednesday, April 29, 2009

Apr 29 2009

Lackluster day. A few small stops, a few even smaller wins. One of those days when you don't understand why you bothered to wake up - at least for the trading part of the day.

Session Time: Wed Apr 29 00:00:00 2009

[07:10] {nemo} anybody home?
[08:07] {Threei}  good morning
[08:07] {Threei}  wow DNDN
[08:07] {Threei}  what a killer
[08:07] {Threei}  did its best to destroy both sides
[08:14] {Threei}  Prez on TV in case you wondered
[08:16] {magoo} morning
[08:16] {Threei}  mags
[08:17] {magoo} any feel on DNDN?
[08:18] {Threei}  will be very volatile
[08:18] {Threei}  whether all good news is in or not, remains to be seen
[08:19] {Threei}  it scared the hell out of holders by that yesterday dive,
[08:19] {Threei}  it showed them just how huge the potential for a loss is in this one
[08:19] {magoo} yea
[08:19] {Threei}  so I'd think it will have considerable amount of bailing out
[08:19] {magoo} still avail short in laser
[08:20] {Threei}  my best guess at this point:
[08:20] {Threei}  it will soak in that bailing out and jump uponce again
[08:20] {Threei}  to frustrate those bailed out and to sucker in new portion
[08:21] {magoo} u think go to 30 pre mkt?
[08:21] {Threei}  I don't know
[08:21] {Threei}  it's a pure guess, don't press me
[08:22] {magoo} ask your magic 8 ball..dino smashed ours
[08:22] {Threei}  risk is on multi-points on this one, especially pre-market
[08:26] {magoo}  don't press me
[08:26] {magoo} ? no pressure, cranky
[08:26] {Threei}  cranky is my usual state
[08:26] {Threei}  just ask my wife
[08:27] {magoo} gdp nummbers
[08:27] {Threei}  in 3 min
[08:28] {Threei}  REPORTEDLY CHRYSLER CEO NARDELLI NOTES THE UAW HAVE UNANIMOUSLY APPROVED A TENTATIVE NEW LABOR PACT WITH THE FIRM - MEMO
[08:30] {Threei}  Q1 ADVANCED GDP PRICE INDEX: 2.9% V 1.8%E;
[08:30] {Threei}  CORE PCE Q/Q: 1.5% V 1.0%E
[08:30] {Threei}  Q1 ADVANCED GDP ANNUALIZED: -6.1% V -4.7%E; PERSONAL CONSUMPTION: 2.2% V 0.9%E
[08:30] {dptl} good morning all
[08:30] {Threei}  dp :)
[08:35] {pita} ola
[08:35] {Threei}  pita :)
[08:39] {fernp} Good morning
[08:40] {Threei}  fern :)
[08:40] {larisa} good morning :) 
[08:40] {Threei}  larisa :)
[08:47] {Threei}  GDP numbers failed to send the market down
[08:48] {cosmo} failed?
[08:49] {_ryanagler} first US swine flu death also failed
[08:50] {vinod} good morning
[08:50] {_ryanagler} Good morning
[08:50] {Threei}  ryan, vinod :)
[08:50] {Threei}  yes, nothing can keep this market down
[08:50] {cosmo} hmmm ... flu failed to impress
[08:51] {nemo} gotta' decrease the surplus population anyway
[08:51] {vinod} we need more bad news it is good for market
[08:52] {Threei}  market does its usual job
[08:52] {Threei}  goes up with as few on board as possible,
[08:53] {Threei}  by using bad news as a factor keeping crowd at bay
[08:53] {Threei}  climbing up against all odds,
[08:53] {Threei}  luring them in,
[08:53] {nemo} THen........
[08:53] {Threei}  and setting the stage for the usual:
[08:53] {cosmo} climbing up against all walls
[08:53] {Threei}  when the crowd gives up and jumps on board, vertical spike with volume explosion follows,
[08:53] {Threei}  then trap shuts
[08:54] {Threei}  and market drops
[08:55] {ese} GM
[08:55] {Threei}  ese :)
[08:55] {ese} hey vad
[08:57] {_ryanagler} shorting a tiny bit of fas at .75 for possible fade
[09:03] {Threei}  GERN
[09:03] {Threei}  HEARING STRENGTH BEING ATTRIBUTED TO CHATTER COMPANY MAY SIGN LARGE CONTRACT WITH A PHARMACEUTICAL COMPANY
[09:04] {ese} bulk dry index?  anybody seen or heard?
[09:08] {Threei}  not for quite a while
[09:11] {chinggis} Goodmorning
[09:11] {pita} drys up 5% on no news
[09:12] {ese} i'm liking the look of the daily chart pita....nice pullback to support
[09:12] {ese} morning chingis
[09:12] {Threei}  chingis :)
[09:13] {pita} I'm watching too
[09:14] {pita} DRYS pre mkt high close to yesterday high
[09:16] {Threei}  WFC yest high 20.12, premarket 20.15
[09:16] {ese} dndn just hit my screens
[09:16] {Threei}  if we get strength, that area is breakout point
[09:19] {dino} gm all
[09:20] {fernp} gm dino
[09:20] {nemo} hey "lucky" man
[09:20] {Threei}  dino :)
[09:20] {nemo} oh no...an ELP moment
[09:20] {dino} :)
[09:20] {jfjf64} good mornin   all
[09:20] {Threei}  jf :)
[09:20] {ese} hey dino
[09:22] {dino} gm
[09:22] {pita} Vad, thoughts on HBAN?
[09:23] {ese} don't stay in it along time....financial not that good
[09:24] {Threei}  none yet...
[09:24] {Threei}  yest high 2.96
[09:24] {Threei}  if consolidates a bit close to it, then breaks with other finnies being storng, could be a play
[09:25] {Threei}  DNDSN won't quit until last short is destroyed eh
[09:25] {ese} boy i'll say
[09:26] {ese} that thing is all over my screens this morning
[09:26] {dino} off mine
[09:26] {Threei}  I used whiteout to get rid of it
[09:26] {ese} i'll try tape
[09:26] {Threei}  works great on monitor surface
[09:27] {ese} simple mater of using a chisel to get it off ...perfect
[09:28] {Threei}  sheesh DNDN
[09:28] {Threei}  one thing is for sure
[09:29] {Threei}  if in the next 1 minute it drops to $5, buy it
[09:30] {ese} ill heed that advice
[09:31] {Threei} Long Setup:  WFC  .95 break
[09:31] {Threei}  if stays above .80
[09:32] {nemo} half or whole
[09:32] {Threei}  jeez DNDN
[09:33] {nemo} invaluamdidate
[09:33] {Threei}  invalidated anyway
[09:33] {Threei}  I am still inetersted, watching for new setup
[09:33] {dino} pfwd
[09:35] {dptl} hban?
[09:36] {Threei}  if stays close to .96 and breaks when FAS bounces, valid play
[09:36] {ese} l drys .40
[09:36] {dino} pnra
[09:38] {Threei}  looks like first morning jumpiness subsides
[09:38] {Threei}  WFC, pullback into .70 for long entry
[09:38] {dptl} in hban
[09:41] {pita} in
[09:41] {dino} hsii
[09:43] {nemo} am I still here?
[09:43] {Threei}  very existential question
[09:44] {nemo} no, because there were no entries and then all the entries from 9:36 to 9:41 popped up at the same time
[09:46] {Threei} Short Setup: WFC  .90 breakdown half lot
[09:46] {dptl} stop .85 for hban? 
[09:47] {dino} pnra sm l .50, jumpy wide
[09:47] {dptl} in wfc
[09:47] {magoo} in
[09:48] {nemo} in
[09:48] {nemo} stop is 95
[09:48] {Threei}  for scalpers...
[09:48] {Threei}  I'd prefer over over 20
[09:52] {Threei}  CRYP...
[09:53] {Threei}  no worky WFC
[09:53] {dptl} stopped
[09:54] {pita} stopped
[09:55] {pita} FITB
[09:56] {wulff} I feel a F .40 breakout coming
[09:56] {Threei}  .long lulu 14.80 break
[09:56] {Threei} Long Setup:  LULU  14.80 break
[09:57] {magoo} crazy one right?
[09:57] {Threei}  potentially
[09:58] {dptl} stop to under .90 hban
[10:01] {Threei}  (US) WHITE HOUSE'S ROMER: BELIEVES Q1 GDP MAY HAVE A "SILVER LINING" IN HIGHER CONSUMER SPENDING AND LOWER INVENTORIES - TV INTERVIEW
[10:01] {Threei}  - Reiterates that it is expected for economy to bottom out in Q2 of 2009 with recovery possible in H2
[10:02] {wulff} RIMM looks short candidate
[10:03] {nemo} NDX might be bottoming, maybe not
[10:03] {nemo} that is Rimm short if NDX going to climb
[10:03] {ese} is ARCA down?
[10:04] {Threei}  CAT
[10:04] {Threei}  CEO STATES THAT SALES OF LARGE EARTH MOVERS IN CHINA HAVE RESUMED POSITIVE TREND -WSJ
[10:04] {nemo} sorry wulff never mind, charts screwed up...you're right
[10:06] {dptl} stopped hban
[10:08] {dino} life
[10:09] {wulff} is
[10:09] {magoo} shit]
[10:09] {dino} psys close to hod
[10:09] {wulff} there goes RIMM
[10:10] {wulff} was going to do .80 break
[10:12] {Threei}  BAC
[10:12] {Threei}  LEWIS: NOTES THAT EVERY MAJOR BANK "UNDER PRESSURE"; HAVE LOST SOME TALENT TO COMPETITORS - ANNUAL MEETING
[10:12] {dino} psys spike
[10:13] {dino} pnra stopped -.50 dumb had .50
[10:16] {dino} sm s psys .10
[10:18] {ese} daaaaaaa...first opportunity i'm outa drys.....itzzaaa doing nothing
[10:18] {dptl} wfc?
[10:18] {wulff} I'll take it from you
[10:18] {Threei}  shrug
[10:18] {Threei}  you see any setup to take?
[10:19] {Threei}  slow up and down, sometimes sudden spike in random direction
[10:19] {wulff} F .38 break
[10:21] {ese} out drys .41 even daaaaaa
[10:22] {Threei}  LVS lost its mind
[10:22] {ese} vad you describing the sex life of a trader in that last post????
[10:22] {ese} 2nd last post
[10:23] {dino} hsii l .05 sm
[10:28] {vinod} wow!!! if GDP was down 10% market would been up 300
[10:28] {ese} sorry vad......that last attempt at humor has tongue tied you...appologies
[10:29] {larisa} do not worry ese, he is just asleep :)
[10:29] {ese} pheeeewww.....
[10:29] {nemo} wow up and up
[10:30] {Threei}  *DOE CRUDE: +4.05M V +2ME;
[10:31] {Threei}  we have FOMC today... mostly non-event I'd think
[10:32] {Threei}  although who nows what they say in comments
[10:32] {ese} no....Bernake will say something totally inappropriate once again and all hell will break loose
[10:36] {Threei}  jeez
[10:36] {Threei}  typed alert short DNDN 25.10 break
[10:37] {Threei}  was late as it broke while I typed
[10:38] {magoo} i got that
[10:38] {magoo} honest
[10:40] {dino} sm s life .15
[10:40] {Threei} Long Setup:  GE  .46 if stays above .40
[10:40] {magoo} covered here ,36
[10:40] {magoo} +  alot
[10:40] {dptl} in ge
[10:41] {magoo} ty vad for telepathic short call
[10:41] {Threei}  lol
[10:41] {magoo} something compelled me
[10:41] {dino} gj
[10:42] {magoo} in ge
[10:44] {jfjf64} lets go  ge
[10:45] {magoo} vad is there news RIMM?
[10:46] {Threei}  nothing fresh or urgent
[10:48] {vinod} someone should kick the GE
[10:49] {Threei}  look at it's daily
[10:49] {Threei}  screams 14
[10:49] {vinod} nemo-What are they drinking on Wall Street?
[10:50] {Threei}  EU'S JUNCKER: NO SIGNS OF EUROPEAN ECONOMIC STABILZATION AT THE MOMENT, BUT STILL SEE ECONOMY RECOVERY IN 2010
[10:50] {Threei}  sigh
[10:51] {nemo} ge seems to be caught wit fas
[10:52] {nemo} am I here
[10:52] {ese} hello
[10:52] {ese} wondering the same
[10:52] {vinod} hello
[10:53] {magoo} i cant see any of u 3
[10:53] {vinod} my screen went blank
[10:53] {nemo} :)
[10:53] {nemo} usual state for my brain vinod
[10:54] {dino} same
[10:56] {Threei}  anything's going to qwork today?
[10:56] {dptl} ah...stopped ge
[10:56] {nemo} stopped
[10:57] {cosmo} ATVI test @ 11  fwiw
[10:57] {pita} stopped
[10:57] {fernp} stopped GE
[10:57] {Threei} Long Setup:  DNDN  half lot .10 break
[10:57] {Threei}  stop under .90
[10:58] {magoo} too funny..i just took 24 long
[10:58] {dptl} valid still ?
[10:59] {vinod} see you after 1.30
[10:59] {Threei}  yes
[10:59] {Threei}  take care vinod
[11:00] {magoo} bye v
[11:00] {dino} pnra big rinse-job
[11:01] {magoo} out
[11:01] {Threei}  invalidated DNDN
[11:01] {magoo} RIMM vad..near low
[11:03] {jfjf64} stopped ge
[11:05] {dino} filled gap yesterday rimm
[11:10] {cosmo} atvi 11 wall
[11:11] {ese} didn't think it would get there but s/p 872....875 resistance....go through that and who knows
[11:11] {dino} life to b/e stuck
[11:14] {dino} psys stopped -.34
[11:15] {Threei}  WHO: MOVING TOWARDS A PHASE 5 PANDEMIC ALERT
[11:16] {dino} and ccl, rcl up
[11:16] {Threei}  NO SIGNS SWINE FLU IS SLOWING ITS SPREAD; CURRENTLY FLU CLOSE TO THAT OF SEASONAL FLU
[11:16] {Threei}  - Currently at Phase 4; raised to Phase 4 from Phase 3 on 4/27
[11:24] {Threei}  what the deuce
[11:24] {Threei}  market is climbing, I can't find any play to follow it
[11:25] {Threei}  Prez on TV btw
[11:25] {dino} same
[11:28] {dino} psys rinsed too, rinse day
[11:30] {dino} 874.96
[11:31] {nemo} right at resistance
[11:31] {magoo} huge offer rimm vad 01
[11:32] {Threei}  so.. long on break?
[11:32] {magoo} yea
[11:32] {magoo} if eats it
[11:33] {magoo} unless its  the ole dupe and poop
[11:33] {Threei}  anyone sees anything on BCON and URRE?
[11:36] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:38] {chinggis} any read on QLGC 3i?
[11:39] {Threei}  looks breaky
[11:39] {chinggis} ty
[11:39] {Threei}  if market resumes climb, should break
[11:40] {Threei}  how much it has left in it after a dollar climb is anyone's guess
[11:43] {chinggis} in.68 out .74 qlgc
[11:43] {chinggis} ty
[11:43] {dino} psys s .84
[11:44] {dino} life stopped b/e
[11:44] {dino} spiked
[11:50] {Threei}  SHAREHOLDER VOTE REGARDING CEO LEWIS' POSITIONS AS CHMN/CEO IS REPORTEDLY TOO CLOSE TO CALL
[12:03] {Threei}  if you researched whether there is life on earth and used market of last hour as your evidence, answer would have been no
[12:10] {dptl} cat short .60?
[12:11] {Threei}  looks right
[12:11] {Threei}  will require markethelp of course but the chart is right
[12:12] {Threei}  may want to think of aggressive entry
[12:12] {dptl} ok ty
[12:12] {Threei}  like .67 if stays under .75
[12:20] {magoo} u like GS short lord vader?
[12:21] {Threei}  I rarely like GS short...
[12:21] {Threei}  GS always goes up
[12:22] {Threei}  on serious note, I don't know mags
[12:22] {Threei}  I am obviously not in tune with market today so far,
[12:22] {Threei}  and GS is a stock that bills you at high rate for mistakes
[12:23] {Threei}  then again, there's not much to be in tune with today
[12:25] {magoo} NVAX takes 3
[12:33] {dino} pnra maybe double bottom in making
[12:33] {magoo} u got the ball dino..u make the call
[12:33] {Threei}  really... someone should
06[12:33] * Threei hides under the nearest rock
06[12:34] * magoo slaps magoo around a bit with a large trout
[12:35] {dptl} wfc ?
[12:36] {Threei}  still downtrending...
[12:37] {magoo} sh dndnm 
[12:37] {dptl} ye was thinking .90 break
[12:37] {Threei}  and does so against FAS
[12:37] {magoo} loss 24 
[12:37] {magoo} to fast
[12:37] {magoo} sheesh
[12:39] {magoo} sh GS here RISKY
[12:42] {magoo} DNDN 35:1 lol
[12:42] {magoo} 1 cent stop
[12:42] {nemo} DH
[12:43] {magoo} out .70
[12:45] {Threei}  I got tired of sitting... short CAT
[12:46] {Threei}  stop .81
[12:47] {dptl} in .72
[12:47] {nemo} in what?
[12:47] {Threei}  lol nemo
[12:47] {Threei}  lift your esy by two lines
[12:47] {Threei}  eyes
[12:48] {nemo} no dptl?
[12:48] {nemo} he went short cat there?
[12:48] {dptl} yes
[12:48] {nemo} o.k.
[12:49] {Threei}  ok CAT, how about you drop to 33 in one big swoop, and we make the day and go home?
[12:49] {jfjf64} lets go
[12:49] {magoo} INNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNn
[12:49] {dptl} that would be nice 
[12:49] {magoo} look out johnny...EYEEEEEEEEe
[12:49] {Threei}  dino... why do you keep coffee with cafeine in the office?
[12:50] {Threei}  with magoo around that's a big no no
[12:50] {nemo} it's not the coffee, Vad.  It's when Mags forgets to take his lithium
[12:52] {magoo} out GS loss dime
[12:52] {dptl} wfc .80 short?
[12:53] {Threei}  hard to tell...
[12:53] {Threei}  lost quite a bit already from the high
[12:54] {dino} sm pnra .95 l
[12:54] {magoo} out cat
[12:54] {magoo} loss 05
[12:55] {jfjf64} me too
[12:55] {jfjf64} loss06
[12:58] {Threei}  sigh
[12:58] {dptl} stopped
[12:59] {nemo} Some days you get the bear, some days the bear chews you limb from limb
[13:00] {Threei}  considering size of stops, rather toes than lims
[13:08] {chinggis} cake?
[13:08] {Threei}  no thanks
[13:09] {Threei}  ok... a bit too extended here
[13:09] {Threei}  oullback, maybe
[13:09] {Threei}  break - no
[13:09] {chinggis} ok ty
[13:13] {nemo} wfc vad
[13:16] {vinod} I see lots of smily face!!!!!!
[13:17] {nemo} where?
[13:17] {Threei}  where?
[13:17] {vinod} here?
[13:17] {Threei}  I hear a lot of snorring
[13:17] {nemo} damn wfc
[13:17] {pita} counting lost toes.....
[13:17] {vinod} just to make you guy laugh
[13:18] {nemo} don't quit your day job vinod
[13:18] {Threei}  all three of them?
[13:18] {Threei}  toes I mean
[13:18] {vinod} I can do limited here plus can't use software you guy using
[13:18] {nemo} what?
[13:19] {Threei}  what what?
[13:19] {nemo} oh, pita???
[13:19] {pita} yeahh
[13:19] {pita} three toed sloth I guess
[13:20] {Threei}  BAC
[13:20] {Threei}  REPORTEDLY SHAREHOLDERS ELECT ALL BOARD MEMBER CANDIDATES - UNCONFIRMED REPORT
[13:23] {Threei}  WHITE HOUSE ADVISOR VOLKER: NO MORE STIMULUS IS NEEDED, CURRENT CREDIT PROGRAMS FROM THE FED ARE RISKING ITS INDEPENDENCE
[13:23] {Threei}  - Does not believe any systemically important banks will fail
[13:23] {Threei}  wow
[13:24] {dino}  875.97
[13:24] {Threei}  that's as good excuse for the market to go up as any
[13:28] {jfjf64} ms
[13:28] {magoo} MS animal
[13:30] {vinod} now everyone on side line are going in?
[13:31] {Threei}  yes but we are approaching Fed time
[13:35] {pita} adios amigos
[13:35] {magoo} adios muchachos
[13:35] {Threei}  take care pita
[13:37] {dino} cya pita
[13:49] {vinod}  market is primed for a big move…up or down
[13:49] {magoo} UP
[13:50] {magoo} but decision day..UP..down..UP...DOWN ..finish up[
[13:50] {magoo} or down lol
[13:50] {vinod} why you wants short to be killed
[13:51] {vinod} they are half dead
[13:51] {dptl} have a good evening all
[13:51] {larisa} bye dp
06[13:52] * magoo slaps dptl around a bit with a large trout
[13:52] {Threei}  take care dp
[13:53] {vinod} money from helicopters coming
06[13:55] * magoo slaps laserdave around a bit with a large trout
06[13:55] * magoo slaps laserdave around a bit with a large trout
06[13:55] * magoo slaps laserdave around a bit with a large trout
[13:56] {laserdave} somehow i new that was coming
[13:59] {magoo} huh?
06[13:59] * magoo slaps dino around a bit with a large trout
06[13:59] * magoo slaps Threei around a bit with a large trout
06[13:59] * magoo slaps larisa around a bit with a large trout
06[13:59] * magoo slaps larisa around a bit with a large trout
06[13:59] * magoo slaps larisa around a bit with a large trout
06[13:59] * magoo slaps nemo around a bit with a large trout
06[13:59] * magoo slaps patience around a bit with a large trout
06[13:59] * Raven slaps magoo around a bit with a large trout
[13:59] {Raven} clam down !
[13:59] {magoo} HEY..what  i do?
[13:59] {Threei}  dino... you hid his Prozac or what?
[14:07] {dino} he's a pain in the azz
[14:07] {ese} whoa that looks like a heck of beating larisa......
[14:07] {ese} hows everyone......got called away on some business
[14:07] {larisa} looks like I am his favorite :)
[14:08] {ese} i'll say
[14:08] {larisa} or finger got stuck
[14:08] {dino} light day for me lots of rinses
[14:08] {ese} ya...i only gave drys a try earlier dino
[14:08] {ese} basically got rinsed
[14:09] {Threei}  he just head a seizure larisa... :)
[14:09] {larisa} or that :)
[14:10] {Threei}  broken ankle + abundance of caffeine + hidden Prozac...
[14:10] {ese} s/p bouncing off support
[14:12] {magoo} plus booze
[14:13] {ese} in for a bit....gone for the day....catch you all tomorow
[14:13] {Threei}  2 min
[14:13] {magoo} okdow up 188 before fed
[14:13] {magoo} naz up 44
[14:14] {magoo} strtategy vad?
[14:15] {nemo} shhhhhhh....don't wake him up mags
[14:15] {Threei}  shrug
[14:16] {Threei}  FOMC LEAVES RATE UNCHANGED AT 0.25%;
[14:16] {magoo} unchanged
[14:16] {Threei}  as if anyone doubted that
[14:17] {Threei}  SEES GRADUAL RESUMPTION OF ECONOMIC GROWTH
[14:21] {nemo} TBT exploding
[14:22] {Threei}  SEEING SIGNS OF STABILIZATION IN SPENDING
[14:22] {Threei}  - Leaving GSE and Treasury purchases unchanged
[14:22] {Threei}  - Vote was 10-0
[14:22] {Threei}  - Sees some risk for inflation to be below desired levels
[14:22] {Threei}  - Will continue evaluation of timing and amounts of purchases of Treasuries and GSEs
[14:22] {Threei}  - Economic outlook likely to remain weak; outlook has improved slightly since March
[14:23] {nemo} TBT up 1.50 in 5 minutes
[14:23] {nemo} non DNDN...
[14:24] {dino} tbt not believing inflation risk low
[14:24] {nemo} me neither
[14:25] {nemo} although, why this fomc decision elicited that response is beyond me.  Then again, I don't understand women either
[14:26] {magoo} see my dn up dn up call true
[14:26] {Threei}  TBT probably reacted to this line
[14:26] {Threei}  [14:22] {Threei} - Leaving GSE and Treasury purchases unchanged
[14:27] {nemo} leaving the liquidity in the market
[14:27] {nemo} that really isn't in the market, it's just mouseclicks "supposedly" sitting in the banks
[14:27] {vinod} Federal Reserve Bank. is PRIVATELY-owned, mostly by the banks receiving the bailouts
[14:28] {Threei}  BAC
[14:28] {Threei}  TO REPORTEDLY RECOUNT SHAREHOLDER VOTE ON CEO LEWIS
[14:30] {nemo} that's a riot.  GLD craters
[14:31] {Threei}  goldbugs discuss new consipracy theories right about now?
[14:32] {nemo} well, 80-90% of all gold futures contract are through 3 banks I think
[14:33] {nemo} fas to new highs
[14:33] {nemo} 400 point day coming on the dow?
[14:34] {Threei}  lwet's see if we get pullback to try
[14:34] {Threei}  FAS around .30
[14:34] {Threei}  WFC .10
[14:36] {magoo} dndn crushed in this big up move
[14:37] {vinod} how good is volume?
[14:38] {nemo} lousy as of 20 minutes ago
[14:38] {nemo} 60% on DOW 92% on nas 65% on S&P
[14:39] {nemo} wfc
[14:39] {nemo} shit was sitting at .11
[14:40] {nemo} miners are up big
[14:41] {dino} pnra stop to .60
[14:42] {dino} to .69
[14:42] {dino} out +.74
[14:44] {nemo} dino....lucky again....:)
[14:46] {dino} y
[14:49] {Threei}  +400 day got canceled or what?
[14:49] {nemo} ask larisa
[14:49] {dino} cern
[14:50] {larisa} +200 is not good enough for you ? :)
[14:50] {Threei}  not if we haven't gotten a way to exploit it
[14:52] {larisa} if you want make market Goddess laugh, tell her about your plans 
[14:52] {nemo} cute...that's what we say in general
[14:53] {Threei}  PIMCO'S BILL GROSS: BELIEVES FED IS 'SAVING AMMUNITION'; IS DISAPPOINTED - TV INTERVIEW
[14:53] {Threei}  what did he want to hear?
[14:53] {nemo} that guy pisses me off
[14:55] {dino} talks his book
[14:55] {nemo} yes, I understand.  Too close to a politician for me
[14:55] {Threei}  in WFC .81
[14:55] {dino} 60 pt drop
[14:58] {Threei}  PIMCO'S EL-ERIAN: FED IS RISKING A JAPANESE SCENARIO, IN WHICH POLICY SUPPORT IS WITHDRAWN TOO EARLY
[14:59] {Threei}  out .87
[14:59] {jfjf64} out.85
[14:59] {Threei}  as dawg would say, chrissake trade
[14:59] {jfjf64} gm on vad
[15:00] {Threei}  this is frikin first win today for me, lol
[15:01] {magoo} u suk he he {as magoo runs for cover from impending fish fest}
[15:01] {jfjf64} only 3  pm
[15:01] {Threei}  no fish for you
[15:01] {nemo} try a sledge
[15:01] {Threei}  I have nercy on men with brken ankles and nop Prozac
[15:02] {nemo} Vad, always kick a man when he's down.  He might get up and start kicking you
[15:02] {Threei}  problem is, he enjoys it too much
[15:02] {magoo} man..what i gotta say to get slapped?
[15:03] {magoo} u suk iss BAD
[15:03] {Threei}  see?
[15:07] {dino} sm s tbt .20
[15:08] {Threei}  MGM HALTED
[15:08] {larisa} AMZN does not look happy
[15:09] {Threei}  LVS can be the way to play MGM news when it appears
[15:12] {Threei}  Fiat
[15:12] {Threei}  WILL BE SIGNING PARTNERSHIP AGREMENT WITH CHRYSLER TOMMOROW; BANKRUPTCY NOT RULED OUT - CNBC REPORT
[15:23] {larisa} very clean AMZN breakdown, made 15c :) rich now!
[15:23] {Threei}  WFC getting tempting again
[15:24] {dino} gj larisa
[15:24] {Threei}  wtg
[15:25] {larisa} lol
[15:25] {dino} pnra app. lod
[15:26] {Threei}  larisa... even +200 becomes [roblematic
[15:27] {dino} 100 pt drop
[15:27] {Threei}  is that how you deminstrate the power of market goddess?
[15:27] {Threei}  okay.... bounce time
[15:27] {larisa} +200 she will give us
[15:27] {Threei}  in WFC
[15:28] {Threei}  half out .52
[15:28] {Threei}  +.10
[15:28] {Threei}  wanted FAS too but that one got away
[15:31] {Threei}  second half didn't work
[15:32] {Threei}  REPORTEDLY US HOUSE PANEL HAS PASSED MORTGAGE FINANCE REFORM BILL
[15:32] {Threei}  {XLF}
[15:34] {jfjf64} ??
[15:35] {magoo} dndn
[15:39] {Threei}  that last WFC dive was wotrth holding eh
[15:39] {dino} tbt bstop to .01
[15:39] {nemo} 3rd eye a bit fogged
[15:43] {dino} cov tbt .90, +.30
[15:45] {Threei}  why did I wake up today?
[15:45] {nemo} duh?  It's more like why did you trade today...
[15:45] {dino} rimm, intc, txn not really participating
[15:46] {Threei}  3 stops, 2 wins which haven't covered stops, just made the end result so laughable, the opnly question I have is why didn't I just sleep in
[15:46] {dino} took me until afternoon vad
[15:46] {Threei}  and on top of that I have to siffer nemo's caustic remarks
[15:47] {Threei}  and magoo's stinkin' fish
[15:47] {nemo} That wasn't caustic
[15:47] {dino} least you don't have to look at him
[15:47] {Threei}  lol... you win dino
[15:48] {dino} blow off top?
[15:49] {Threei}  US SENATE FINANCE COMMITTEE TO REPORTEDLY PRODUCE LEGISLATION AIMED AT OFFSHORE TAX EVASION IN THE NEAR TERM
[15:54] {Threei}  okay guys
[15:55] {Threei}  waste of the day
[15:55] {Threei}  we will get them tomorrow
[15:55] {Threei}  unless they get us
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {nemo} paranoid?
[15:55] {dino} pnra lod
[16:00] {vint} good evening all (have been in and out last couple of days..)
[16:01] {dino} take care all, tee time in 30