Jun 09 2009

The day started in a boring fashion, as it became customary lately... and then along came SQNM. Even though we haven't utilized its full potential, it was fun and profirable.

Session Time: Tue Jun 09 00:00:00 2009

[08:07] {Threei}  MDRNA Inc. FDA approves generic calcitonin-salmon nasal spray for osteoporosis

[08:07] {Threei}  - The company has obtained full FDA approval of its Abbreviated New Drug Application (ANDA) for generic calcitonin-salmon nasal spray for the treatment of osteoporosis and that Par Pharmaceutical Companies, Inc. has launched the product

[08:07] {Threei}  MRNA

[08:09] {pita} greetings

[08:09] {Threei}  pita :)

[08:15] {Threei}  AXP CNBC: Company is on list to repay TARP; as speculated (25.65, 0.00, 0.00%) (related XLF )

[08:22] {nemo} On CNBC this morning Prof. Elizabeth Warren, called for rerunning the bank stress tests periodically. She pointed out that the most extreme scenario in the test of 8.8% unemployment has already been surpassed. She wants updated data as it emerges used to retest the computer modeling.

[08:22] {Threei}  sigh

[08:22] {Threei}  first test was meanignless... so let's have more of those

[08:23] {nemo} Yeah...I've come to realize that all writing is fiction

[08:29] {fernp} good morning everybody

[08:29] {nemo} mornin'

[08:30] {Threei}  fern :)

[08:30] {vinod} GM

[08:33] {Threei}  vinod :)

[08:51] {larisa} good morning :)

[08:51] {Threei}  larisa :)

[08:51] {larisa} :)

[08:51] {magoo} morning

[08:52] {nemo} Hey Mags!

[08:53] {magoo} i have a quick{hopefully quick} apptnt at 9:15..then ill be back

[08:54] {Threei}  mags :)

[09:02] {vinod} nothing is one-way forever  including market

[09:04] {patience} good morning guys...another day in paradise here   :)

[09:04] {Threei}  patience :)

[09:04] {nemo} Hah!  My favorite saying

[09:04] {patience} :)

[09:04] {patience} vad, winnipeg was 15 yesterday

[09:04] {ese} good morning

[09:04] {patience} should make you feel good

[09:04] {Threei}  ese :)

[09:06] {dino} gm all

[09:06] {Threei}  dino :)

[09:06] {nemo} dino :)

[09:06] {ese} dino

[09:07] {dino} :)

[09:07] {dino} verizon adding palm pre in jan.

[09:07] {dino} cnbc

[09:11] {ese} well i won't be here long today......grad ceremonies for our high school....have to up at the university in an hour and a half...wasted trading day

[09:12] {dino} have fun es

[09:12] {ese} i would if i were hanging with you all

[09:13] {nemo} Pomp and Ceremony...necessary waste of time

[09:13] {ese} indeed nemo

[09:13] {Threei}  FITB is bumping of 2 days high

[09:14] {ese} yes may go for a quick hit........

[09:14] {nemo} Goin' for an "ese"?

[09:16] {ese} hmmmm never looked at my handle that way...but......yes

[09:16] {ese} you a golfer nemo?

[09:16] {nemo} Not since I was younger

[09:16] {nemo} Why?

[09:17] {ese} whne i finally make it to myrtle to take on dino....you'lll have to come

[09:17] {nemo} That would be nice...I'll hold down the fort at the 19th

[09:18] {dino} lol nemo. i will join you after the round

[09:18] {nemo} hehehehehe

[09:18] {ese} We literally have a course here...designed by Jack Nickalus that has 19 holes..."Bear Mountain"

[09:19] {nemo} Interesting...Only thing Mass has going for it is the longest course in the US in Bolton.

[09:19] {ese} bonus hole

[09:19] {nemo} At least I think it still is

[09:19] {nemo} I'll leave that one alone ese

[09:19] {ese} lol

[09:19] {dino} great bear about 45 minutes from me, nickalus course, i play it every summer w/banking buddy of mine

[09:19] {nemo} is the janitor looking?

[09:20] {ese} nope

[09:20] {Threei}  there are courses designed by him here dino

[09:22] {dino} guy gets around

[09:22] {ese} i'll say

[09:29] {Threei}  keeping half eye on MRNA in case of severe pullback

[09:29] {Threei}  FITB, for consolidation and .40 break if FAS helps

[09:29] {nemo} you've got three

[09:30] {Threei} Long Setup:  AUY  11 break if stays above 10.90

[09:32] {Threei} Short Setup: CAT  .40 if stays below .50

[09:33] {ese} auy l .03

[09:33] {nemo} missed trying to get cat

[09:34] {nemo} in on 2nd

[09:34] {ese} blink and i slightly missed it

[09:35] {Threei}  no go CAT

[09:35] {ese} stop .94

[09:36] {nemo} on what ese?

[09:36] {Threei}  [09:33] {ese} auy l .03

[09:36] {nemo} o.k. saw you're .90 

[09:37] {nemo} your

[09:37] {ese} yes 

[09:38] {ese} if i'd gotten in when i was spose too i'd be out by now at .05

[09:41] {Threei}  trailing AUY to .93

[09:42] {ese} hmm mmm  printed .94 i thought  stop is still intact

[09:45] {Threei}  Treasury Geithner: 10 of of bigges tbanks can repay $68B in TARP repayment

[09:45] {Threei}  68B?

[09:47] {nemo} BFD

[09:47] {ese} aye aye aye......wake up ese....stop is at .84 not .94............

[09:47] {ese} ..94 now

[09:47] {ese} sheesh....this is not a good sign

[09:48] {nemo} what?

[09:48] {Threei}  lol

[09:48] {ese} typed in .84 nemo...

[09:48] {ese} thought i had typed in .94

[09:48] {nemo} so...where is it?

[09:48] {ese}  it was suppose to be .94

[09:49] {ese} when the tape printed .94 my stop was still there....couldn't figure it out

[09:49] {ese} i stupidly typed in .84

[09:49] {Threei}  MS Reportedly notes it will repay $10B in TARP funds - unconfirmed report (8.74, 0.00, 0.00%) (related XLF )

[09:49] {dino} bpopp?

[09:51] {ese} stopped auy .93  -.10

[09:51] {nemo} .92

[09:51] {nemo} good thing we got out

[09:51] {nemo} whoa

[09:51] {ese} daaaaaaaa!!!!!!!!

[09:51] {jfjf64} mornin

[09:51] {ese} whoaaaa is right

[09:51] {ese} jf

[09:51] {Threei}  gold fell off a cliff

[09:52] {ese} welcome to the i'm typing blind session

[09:52] {nemo} Yeah, feds talking about tarp repayment probably spooked the PMs

[09:52] {Threei}  jf :)

[09:52] {ese} axp looks to be paying back tarp as well

[09:53] {nemo} PM's down, but TCK holding gains

[09:54] {Threei}  Berkshire Hathaway's Sokol: TARP repayments from banks represents progress

[09:54] {Threei}  - Believes carbon trading would create duplicate costs

[09:54] {Threei}  just what we need

[09:54] {vinod} They all talk about TARP but when they going to make loan to business and consumer

[09:54] {ese} whats carbon trading

[09:54] {nemo} This is about saving the system, not the individual Vinod

[09:55] {Threei}  BBT Announces TARP repayment approval of $3.134B; expects $48M charge in Q2

[09:55] {Threei}  - company has notified the Treasury of its intent to repurchase the outstanding warrant

[09:56] {Threei}  AXP Spokesperson: Confirms speculation that group will repay TARP funds (26.36, 0.71, 2.77%)

[09:57] {dino} cof too

[09:59] {Threei} Short Setup: SLM  .85 break

[10:00] {Threei}  stop for scalpers above .90, day traders .95 or 8

[10:00] {Threei}  APRIL WHOLESALE INVENTORIES: -1.4% V -1.2%E

[10:01] {Threei}  IBP/TIPP ECONOMIC OPTIMISM: 50.8 V 49.0E

[10:01] {jfjf64} in

[10:01] {nemo} in .84

[10:02] {jfjf64} ditto

[10:02] {Threei}  scalpers have over 1:1

[10:02] {fernp} ty

[10:03] {dino} gsbc drop

[10:03] {Threei}  daytraders have over 1:1

[10:03] {dino} thin

[10:04] {nemo} ty

[10:05] {Threei}  who partialed, trail stop to .88 for the balance

[10:06] {jfjf64} ty

[10:06] {Threei}  doesn't bounce with market so far

[10:07] {Threei}  BK Reportedly cleared to repay TARP (9.05, 0.08, 0.89%)

[10:07] {Threei}  10:06 COF Approved to repay $3.55B in TARP

[10:08] {ese} bstop intc 16.40

[10:08] {Threei}  Lawyer: GM will be able to get through bankruptcy in 60 days

[10:08] {Threei}  {Another Laywer} Are you crazy? How are we going to make a living?? This case was supposed to feed us for generations

[10:09] {Threei}  insists the UAW is not getting special treatment

[10:09] {Threei}  - Not sure how long the US government will fund Chrysler in bankruptcy.

[10:11] {ese} aggressive entry intc .35

[10:13] {jfjf64} axp double top\

[10:13] {Threei}  or breakout

[10:13] {Threei}  can't tell really, volume is rather indicative of upward

[10:14] {Threei}  to make matters more confusing:

[10:14] {Threei}  it doesn't really trading on its own merits

[10:14] {jfjf64} ty

[10:14] {Threei}  look at the broader market

[10:14] {Threei}  AXP pretty much mirrors irt

[10:15] {nemo} what's "irt"

[10:15] {ese} out 1/2 intc .44 +.09

[10:16] {Threei}  forms little C&H

[10:16] {Threei}  .63 long with stop under .50

[10:16] {dino} sm l gsbc .60

[10:17] {Threei}  SLM stop to above .80

[10:18] {ese} out full intc .42 +.07

[10:18] {ese} have to go see you all tomorow

[10:19] {Threei}  take care ese

[10:19] {Threei}  AXP invalidated

[10:19] {nemo} by ese

[10:19] {Threei}  JPM Reportedly approved to repay $25B in TARP

[10:20] {jfjf64} y

[10:20] {ese} see ya vad

[10:20] {dino} cya es

[10:20] {dino} mnkd deep pullback

[10:27] {vinod} Talking about TARP they wants to drive the market higher?

[10:27] {Threei}  they just post news

[10:27] {nemo} yeah, maybe the math is too easy...60 billion returned on 877 billion lent

[10:27] {Threei}  not everything has hidden agenda

[10:28] {nemo} are you saying I'm paranoid

[10:29] {nemo} that was rude of SLM

[10:30] {vinod} intent of TARP was to loan out and help economy

[10:30] {nemo} I'm going to disagree...that might have been what was said for public consumption

[10:31] {dino} tarp was furthered for control

[10:31] {nemo} Dino, what was your stop?

[10:31] {dino} gsbc not stopped 

[10:31] {Threei}  US Treasury Geithner: Regulatory overhaul to come within a few weeks, must be matched overseas; US still faces substantial challenges

[10:31] {Threei}  - Economy will not see large revenue increases until 2011

[10:31] {Threei}  - Once recovery in place, will work on cutting deficit

[10:32] {dino} , but gappy, so wide .25ish

[10:32] {nemo} thank you

[10:33] {Threei}  White House Budget Director Orszag: Cost savings can be found in the medicare and medicaid programs

[10:33] {Threei}  why do I find it hard to believe

[10:34] {Threei}  BRCM consolidates close to high

[10:35] {dino} 1:1 nemo, but want 3:1

[10:35] {dino} 1:3 i mean

[10:36] {nemo} You're ability to read "gappy" charts is impressive

[10:36] {Threei}  DNDN...

[10:36] {dino} lucky thats all

[10:37] {dino} wynn, pru, crdn

[10:37] {nemo} let's not go there again :)

[10:37] {dino} .21 is the area that needs to fall

[10:38] {dino} pulled offers

[10:38] {nemo} there you go

[10:39] {dino} .50 was last top

[10:40] {Threei}  DNDN spiked hard off the level that wasn't really anything technical, but activity looked interesting

[10:40] {Threei}  let's see if we get pullback

[10:45] {dino} perhaps 1:2 was enough nemo

[10:46] {nemo} oy weh

[10:47] {Threei}  DNDN

[10:47] {Threei}  watching for pullback closer to .20

[10:49] {dino} lod's

[10:51] {nemo} BRCM faceplant

[10:52] {Threei}  bounce zone BRCM

[10:52] {Threei}  off .40

[10:52] {Threei}  watch NQ for hint

[10:54] {Threei}  stop under .40 if you went for it

[11:02] {Threei}  STT Confirms approval for repurchase of $2B in TARP

[11:02] {Threei}  will also initiate discussions with the US Treasury for the repurchase of the common stock purchase warrant issued to the US Treasury in October 2008. That warrant, initially exercisable for 5,576,208 shares of State Streets common stock, now represents an interest to purchase 2,788,104 shares

[11:05] {Threei}  US Treasury Sec Geithner: Pace of housing price decline has slowed; homeowners still face challenges

[11:05] {nemo} Captain Obvious

[11:07] {Threei}  can't tell whether BRCM has more... feel free to takes scalp who went for it

[11:13] {larisa} nice BRCM bounce call

[11:14] {Threei}  you took it?

[11:14] {larisa} from the second  bottom test

[11:14] {Threei}  :)

[11:15] {Threei}  DNDN, really thought it would give better entry

[11:15] {Threei}  barely lost .30 and spent 1/100 of second there

[11:16] {Threei}  what's with SCON?

[11:17] {Threei}  I don't see anything fresh

[11:20] {dino} palm sm l .25

[11:24] {Threei}  hmmm

[11:24] {Threei}  SCON... highly gambling thing... 5 break

[11:28] {Threei}  wow BRCM

[11:32] {Threei}  GS Confirsm TARP repayment

[11:33] {vinod} What would the banks’ balance sheets have looked like under mark-to-market?, 

[11:36] {dino} nga

[11:37] {dino} gap around 6.30 nga

[11:39] {nemo} support around .75 too

[11:39] {dino} yes

[11:40] {dino} syna rock and roll

[11:41] {dino} sm l crdn .98

[11:42] {Threei} Long Setup:  DRYS  .40 break if holding above .30

[11:43] {dino} stop is .75

[11:43] {larisa} was just looking at DRYS :)

[11:43] {Threei}  not good larisa

[11:43] {larisa} i know

[11:43] {Threei}  having same thoughts as I do ought to be very disturbing

[11:44] {larisa} I did not have any, just looking as it was blinking green :)

[11:45] {Threei}  ok... you may be safe still but be on alert

[11:46] {Threei}  if sets up from here, hardcore scalpers can use .35 as support

[11:46] {nemo} hardcore or pesky?

[11:46] {Threei}  same thing...

[11:49] {Threei}  US Treasury Sec Geithner: Financial regulatory system needs a new body that would bring together the various parts of the system, will not propose concentrating all regulatory authority for systemic issues in one regulator

[11:49] {Threei}  - It is critically important for the US to draw up plans to cut deficits in the medium term.

[11:49] {Threei}  - Warns that there is "no path through the crisis" without more government debt

[11:50] {Threei}  there is "no path through the crisis" without more government debt... heh

[11:50] {Threei}  working hard to push through boss' message eh?

[11:50] {nemo} ...as long as somebody extends it.

[11:53] {dino} bth

[11:54] {magoo} sigh..just back

[12:03] {dino} this market is dead

[12:03] {larisa} they call it consolidation :)

[12:03] {Threei}  DRYS is invalidated

[12:04] {jfjf64} vad  lk axp   somethin gotta gv

[12:04] {dino} call it whatever you want, nothig really moving

[12:04] {dino} nothing

[12:04] {larisa} nofing

[12:05] {Threei}  I can't tell which way jf

[12:07] {jfjf64} yikes

[12:07] {Threei}  SQNM?

[12:07] {jfjf64} axp   market help

[12:08] {Threei}  anyone see anything on SQNM anywhere?

[12:08] {Threei}  nothing on my newsfeed

[12:09] {larisa} nope

[12:09] {fernp} nothing here (DJ News)

[12:10] {dino} no vad

[12:10] {dino} nothing at cyber

[12:10] {Threei}  ty... maybe hype somewhere

[12:10] {Threei}  I am sensitive to this thing's movemens, it feels to me highly charged with potential explosion should any bit of good news come its way

[12:11] {dino} i hope you are talking about the stock

[12:11] {Threei}  resistance on daily is around 3.75 - 3.80

[12:12] {Threei}  if it attracts interest, there is so much air above it without any slightest sign of resistance

[12:12] {dino} fdo partial fill, l .70

[12:13] {Threei}  if something does start happening there, it's a swing trade candidate providing we can get it early

[12:13] {Threei}  with potential to double

[12:16] {Threei}  somethinbg's brewing

[12:17] {pita} where do you like it?

[12:17] {Threei}  there are no technicals to such parabolic move...

[12:18] {Threei}  over 10% in a matter of minutes...

[12:19] {dino} stockwolf.com, strong buy vad

[12:19] {Threei}  gosh... who is that?

[12:20] {jfjf64} stockdogs cousin     lol

[12:20] {dino} lol

[12:20] {dino} i think it's a site run by magoo

[12:20] {Threei}  you think dawg and wulff have something to do with that?

[12:20] {dino} perhaps

[12:21] {jfjf64} hv to try and laugh    lk axp    

[12:28] {Threei}  LVS CEO: Hopes to expand Bethlehem property, add craps & blackjack tables (9.78, -0.18, -1.81%)

[12:28] {Threei}  DRYS formed C&H...

[12:29] {jfjf64} still break .40

[12:29] {Threei}  market looks to be preparing to traditional ramp-up... if starts making new highs, DRYS is .40 break canadidate again

[12:30] {Threei}  not an easy player lately

[12:31] {Threei}  SQNM more or less formed something to try if you like it

[12:31] {Threei}  .65 break

[12:31] {Threei}  stop for those hardcore scalpers under .60, otherwise (and my preference) under .55

[12:32] {jfjf64} in .66

[12:32] {jfjf64} comon buyers

[12:34] {Threei}  hardcore, aka pesky ones have 1:1

[12:35] {jfjf64} yeah  ty

[12:35] {jfjf64} double top formin

[12:35] {dino} out crdn .27, +.29

[12:36] {Threei}  dunno... volume is rather breakish

[12:37] {Threei}  ideally, should hold as close to .75 and possible and break it after little rest

[12:38] {Threei}  that should set next leg up in motion

[12:38] {Threei}  and take it closer to 4

[12:45] {magoo} was there bad news goog aapl or general mkt tech wreck vad?

[12:46] {Threei}  GOOG, main thing about it is unexpcted success of new MSFT search engine

[12:46] {Threei}  funny enough named BING

[12:46] {Threei}  BING vs GOOG...

[12:46] {magoo} oh yea..saw commercial

[12:47] {Threei}  there was a report earlier

[12:47] {Threei}  MSFT's share of search increased

[12:50] {magoo} howa bout aapl?

[12:51] {Threei}  nothing but upgrades and positive comments

[12:54] {Threei}  US) Treasury Spokesperson: Confirms that banks repaying TARP funds to be free of all pay, dividend and share buyback restrictions

[12:55] {nemo} stop on fdo Dino?

[12:56] {dino} b/e

[12:57] {dino} syna hod

[12:57] {dino} osip lod

[12:58] {Threei}  ALGN Hearing Dealreporter making positive comments on prospects as a takeover target

[12:58] {dino} fdo trouble w/.82

[12:58] {Threei}  Dealreporter... lol

[12:58] {Threei}  OK SQNM... noq or never

[12:59] {Threei}  noq = now... I guess

[13:00] {jfjf64} .75 break vad   you lk??

[13:00] {nemo} 4k jf

[13:01] {Threei}  yes but I am in from lower

[13:01] {Threei}  Prez on TV soon

[13:02] {Threei}  TREASURY'S $35B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.82 V 2.66 PRIOR AND 2.51 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei}  - indirect bidders take 43.8% of competitive bids

[13:02] {Threei}  - notes draw 1.96% with 52.27% allotted at high

[13:02] {Threei}  okay SQNM

[13:03] {Threei}  1:1 for "otherwise-ish"

[13:04] {Threei}  I am half out

[13:07] {Threei}  TREASURY'S $35B 3-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.82 V 2.66 PRIOR AND 2.51 AVG OVER THE LAST 10 AUCTIONS

[13:07] {Threei}  - indirect bidders take 43.8% of competitive bids

[13:07] {Threei}  - notes draw 1.96% with 52.27% allotted at high

[13:07] {Threei}  oops

[13:07] {Threei}  werong one

[13:07] {Threei}  US Senate Aide: Senate has indicated healthcare as priority; financial reform later in the autumn (related IYH XLF )

[13:08] {Threei}  prez on TV

[13:08] {Threei}  (US) President Obama: TARP repayments are a positve sign, but they are not a signal the crisis is over (related XLF )

[13:09] {Threei}  SQNM baby

[13:10] {Threei}  notes the govt has made a profit on the return of the first round onf TARP funds

[13:13] {dino} out gsbc .10 +.50

[13:13] {dino} fdo flat

[13:14] {larisa} gj

[13:15] {Threei}  new high SQNMee

[13:15] {Threei}  1:2, 1/4 more out

[13:16] {Threei}  [12:38] {Threei} that should set next leg up in motion

[13:16] {Threei}  [12:38] {Threei} and take it closer to 4

[13:17] {larisa} I thought only magoo likes to quote  himself :)

[13:17] {Threei}  no, we all do 0 when we nail it right

[13:17] {Threei}  and in this case, it was the easiest way to outline my target for the next portion

[13:19] {Threei}  stop for last part is under .70

[13:20] {larisa} :)

[13:22] {Threei}  over 1:3

[13:22] {Threei}  4 on the nose

[13:22] {Threei}  me out

[13:23] {Threei}  +.30

[13:23] {Threei}  not too shabby for a cheapie

[13:23] {Threei}  I still think it has more in it but probably not today

[13:24] {dino} gj

[13:24] {Threei}  ty

[13:24] {Threei}  pita... I know you have this habit to sit on them...but consider partialing at least

[13:25] {dino} fdo rinsed

[13:32] {dino} isle

[13:35] {Threei}  look at SQNM go

[13:35] {dino} sm pru .25

[13:35] {Threei}  I called it potential double when it was around 3.60, right?

[13:36] {Threei}  Larisa... this is me booking right to quote myself when it's above 7

[13:36] {nemo} so it'll hit 7.20 today?

[13:36] {Threei}  today??

[13:36] {nemo} :)

[13:36] {Threei}  [12:13] {Threei} if something does start happening there, it's a swing trade candidate providing we can get it early

[13:36] {Threei}  [12:13] {Threei} with potential to double

[13:36] {Threei}  swing

[13:40] {Threei}  01:39 PM [SQNM] Strength attributed to chatter that SQNM may be close to resolving issues of mishandlded data for SEQureDx Trisomy 21 Test

[13:40] {Threei}  - reminder: on 4/29 the stock fell over 75% on a report it would delay the launch of its SEQureDx Down syndrome test, due to the discovery by company officials of employee 'mishandling' of R&D test data and results.

[13:45] {Threei}  I am not delighted by this bit of news

[13:46] {Threei}  I would prefer it to move on now news/no rumors

[13:47] {nemo} DRYS is like a wandering drunk

[13:47] {dino}  palm stop to .55

[13:47] {dino} all dayer

[13:48] {nemo} another one of those $50/hr. stocks...pitiful

[13:49] {Threei}  how about that, SQNM

[13:49] {Threei}  lol

[13:49] {dino} lol

[13:49] {nemo} 7.20 today

[13:49] {Threei}  nah

[13:50] {dino} tighten to .60

[13:50] {dino} mkt drop

[13:53] {dino} wynn sm l .25

[13:53] {pita} cu all later

[13:53] {dino} cya pita

[13:53] {Threei}  pita... exited SQNM??

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

[13:57] {dino} to .75

[13:57] {dino} out palm .75, +.50

[13:57] {Threei}  nice PALM

[13:57] {nemo} and this is before ppt intervention after 3:00

[13:57] {Threei}  gosh... what ppt... what intervention...

[13:58] {dino} tks

[13:58] {nemo} forgot...I'm delusionally paranoid

[13:58] {Threei}  amazing how these suggestions become assumptions then acepted "facts"

[13:59] {Threei}  as if any upward move couldn't happen without intervention

[14:02] {larisa} I am with nemo, i like conspiracy theories

[14:02] {Threei}  I do too

[14:02] {dino} if these were down moves they would be screaming for shorts' heads

[14:02] {Threei}  I just don't believe in them

[14:02] {dino} ironic isn't it

[14:02] {Threei}  yeah

[14:02] {nemo} you mean there's no Easter Bunny?

[14:03] {Threei}  any move is consipracy if it happens against your opinon

[14:03] {Threei}  ummm... nemo...

[14:03] {Threei}  I don't know how to tell you this...

[14:03] {nemo} I'm sitting down

[14:03] {Threei}  but, about Santa...

[14:03] {nemo} pedophile?

[14:03] {Threei}  janitor

[14:04] {nemo} speechless

[14:04] {Threei}  sorry

[14:04] {dino} syna continues

[14:04] {nemo} Vodka is right in the drawer...hold on

[14:06] {nemo} is that a daylong C&H on tndm

[14:06] {nemo} ?

[14:06] {nemo} warped though it may be

[14:07] {Threei}  not very clean, but more or less, yeah

[14:30] {dino} .

[14:30] {nemo} ?

[14:30] {Threei}  !

[14:31] {nemo} what's with the "." anyway?

[14:31] {dino} thought i wasn't here

[14:31] {nemo} stick yourself with a fork

[14:31] {patience} ouch

[14:32] {dino} not done yet

[14:32] {nemo} if you feel pain, you're there

[14:32] {nemo} Yeah, I'm always a little soft

[14:32] {Threei}  conversation becomes an embodiment of intelligence

[14:32] {dino} you poor guy

[14:33] {nemo} mmmmhhhh....no comment

[14:33] {dino} wynn, and pru trouble w/.50

[14:33] {nemo} are youu long wynn?

[14:33] {Threei}  extraterrestials would have been delighted to contact us readuing this dialog

[14:33] {dino} what do you think we are vad

[14:34] {Threei}  oh

[14:34] {Threei}  sorry... I tend to forget nemo is from Betelgeuse

[14:34] {nemo} This sound familiar...You want to know who you are, tell me who you

[14:34] {nemo} who your friends are

[14:34] {nemo} nah...shot me right out of Cygnus X-1

[14:36] {nemo} tndm woulda' been a good idea

[14:37] {nemo} that tck is basically non-stop since March

[14:39] {dino} utek

[14:42] {Threei}  WFC Exec: Company has yet to apply to repay TARP; attempting to repay TARP at earliest possible date (25.61, 0.22, 0.87%)

[14:42] {Threei}  ummm... may be today, SQNM... lol

[14:42] {nemo} you laughed at me :(

[14:43] {Threei}  4.48 is high from 05/04

[14:43] {Threei}  highest point it's ever been since big gap

[14:43] {nemo} and 14ish was when it collapsed

[14:44] {dino} pullback

[14:58] {jfjf64} just  got  back    look at sqnm   wow    ya called  it

[14:58] {nemo} vad, kick pru fir dino

[14:58] {Threei}  thought we had a day or two for accumulation

[14:59] {Threei}  which way pru?

[14:59] {nemo} thought you already did it

[15:00] {dino} out wynn .55, +.30

[15:02] {dino} up vad

[15:02] {Threei}  lol

[15:02] {Threei}  good thing I kicked right way before asking

[15:02] {nemo} ready, fire, aim

[15:03] {dino} can't get thru .50

[15:03] {nemo} ppt in 20 minutes, just wait :)

[15:03] {Threei}  which way? {G}

[15:05] {dino} strange, just had a call from sirf tech, about proxy

[15:07] {dino} snda up to old tricks

[15:10] {Threei}  one more interesting cheapie making a move today: RFMD

[15:10] {jfjf64} hvy vol

[15:19] {dino} bth sm l .19

[15:22] {nemo} I'm off..cu 2mor O

[15:22] {nemo} frickin' sqnm

[15:22] {larisa} bye :)

[15:23] {dino} cya larisa

[15:23] {larisa} it was bye to nemo, but thank you  :)

[15:27] {dino} lol, well consider it prepaid

[15:27] {larisa} :)

[15:28] {Threei}  SQNM starts looking like 5

[15:30] {vinod} Yes, I missed it. always tomorrow?

[15:31] {_levelseven} test

[15:31] {Threei}  let's hope it gives us pullback

[15:31] {KSystems} welcome levelseven!

[15:31] {KSystems} we've been waiting for you!

[15:31] {_levelseven} looked like you might have been waiting a long time for me to type the correct pw

[15:31] {dino} yes welcome l7

[15:31] {KSystems} last 30mins we're entering

[15:31] {_levelseven} hi dino

[15:32] {KSystems} lets see if cards are gonna be shuffled again

[15:32] {jfjf64} axp  .90 break  for  me

[15:32] {Threei}  vinod, you weren't here at the moment of original call on SQNM?

[15:32] {Threei}  5

[15:34] {vinod} I was not here.

[15:34] {Threei}  BAC US House Committee subpoenas Federal Reserve over BoA/Merrill merger; with regards to securing documents in merger (12.05, -0.01, -0.08%)

[15:34] {Threei}  ugh... too bad :(

[15:34] {Threei}  knowing you, I don't doubt you would be all over it

[15:34] {vinod} I accepted this is going to be this way because of my job

[15:35] {Threei}  yeah

[15:35] {Threei}  and it was called for all tastes... as a scalp, as day trade and as a swing

[15:35] {dino} job? what do you do?

[15:35] {vinod} I am a hardware engineer server expert

[15:36] {dino} out pru .45, +.20

[15:36] {_levelseven} anyone play GORX today?

[15:36] {dino} cool vin

[15:36] {vinod} dino-I manage 1400 server all make and model

[15:37] {dino} wow, bright guy

[15:37] {Threei}  no l7

[15:37] {jfjf64} axp 1/1

[15:37] {Threei}  we generally avoid srocks under $1

[15:37] {jfjf64} 27 should blast off

[15:37] {vinod} thanks dino

[15:38] {dino} i do this, and flip r.e.

[15:39] {jfjf64} big fight at 27

[15:39] {Threei}  absence of any resistance till above 10 for SQNM shows

[15:39] {Threei}  nothing but air

[15:40] {vinod} might hit 6 today SQNM

[15:40] {Threei}  20 min left

[15:40] {Threei}  seems a buit extreme :})

[15:41] {Threei}  tomorrow though, quite possible

[15:42] {KSystems} we should have music in here

[15:42] {jfjf64} that was great call sqnm  this mornin  do  you  have  ya call there  

[15:42] {jfjf64} when ya posted it

[15:43] {Threei}  hmm?

[15:43] {Threei}  I need my decoder ring

[15:43] {larisa} just quote yourself again :)

06[15:43] * KSystems pushed a babelfish into 3i's ear

[15:43] {Threei}  rofl

[15:43] {jfjf64} that  quote  should go  in ya next book    lol

[15:43] {dino} ks music in my office all day

[15:44] {dino} bwld sm l .50

06[15:44] * Threei slaps KSystems around a bit with a large well-known electornic book with huge letters DON'T PANIC on the cover

[15:44] {KSystems} :))))

[15:45] {KSystems} Oh freddled gruntbuggly...

[15:46] {Threei}  well guys... I am not too jazzed to call overnight on SQNM after such run,

[15:46] {Threei}  but definitely something for tomnorrow

[15:46] {Threei}  hopefully it doesn't just gaps and runs on us

[15:46] {dino} bth stopped -.20

[15:46] {Threei}  RFMD is definitelt candidate too

[15:48] {Threei}  (US) Treasury Sec Geithner: Global crisis is receding a bit, encouraged by signs in demand and confidence data

[15:48] {Threei}  - G8 agenda will be recovery and reform, meeting to mainly be about taking stock. (related EUR/USD GBP/USD USD/JPY TLT SHY )

[15:49] {jfjf64} gn all

[15:49] {Threei}  take care jf

[15:49] {vinod} see you tomorrow

[15:50] {Threei}  watch SQNM for possible pullback

[15:50] {dino} cya jf, vin

[15:50] {Threei}  if profittaking hits for real, it may give pullback big enough for safer entry for overnight

[15:50] {Threei}  4.50, I would grab

[15:50] {jfjf64} hmm

[15:51] {larisa} see you later all :)

[15:51] {Threei}  larisa :)

[15:51] {fernp} good evening all. see u tomorrow

[15:51] {Threei}  taje care fern

[15:51] {_traderw} good evening all!

[15:52] {Threei}  traderw :)

[15:54] {dino} out bwldv .56, +.06

[15:54] {dino} cya trader

[15:54] {dino} fernp

[15:54] {Threei}  no pullback

[15:54] {dino} bwld no fill sorry

[15:56] {Threei}  okay guys, thank you all

[15:57] {Threei}  have a good evening, see you tomorrow

[15:57] {dino} bth rinsed

[15:57] {dino} cya 3i