Jun 10 2009

Very nice day with ESLR run as a main dish. Stock perfectly set up for three styles with single trigger: for scalpers, day traders and swing traders. All three are in the money, with day traders getting 1:4 risk/reward and swing traders taking first partial and securing the rest by trailing stop.

Session Time: Wed Jun 10 00:00:00 2009

[08:17] {vinod} GM to all

[08:18] {vinod} will be back at 9.30

[08:25] {Threei}  Good morning

[08:30] {Threei}  *(US) APR TRADE BALANCE: -$29.2B V -$29.0BE

[08:30] {pita} greetings

[08:31] {fernp} good morning everybody

[08:31] {Threei}  pita, fern :)

[08:32] {Threei}  anyone sees any news on ESLR?

[08:33] {ese} good morning

[08:33] {ese} was just looking at ESLR

[08:34] {Threei}  ese :)

[08:34] {ese} up .20   .....i still have a long position there 6k from a while back at 3.38

[08:34] {Threei}  you investor you

[08:35] {ese} i know.....just couldnt resist

[08:36] {ese} it has enough future work/contracts to put that stock somewhere between$30/40 bills

[08:36] {vinod} I have 3K eslr cost is 4.10

[08:37] {ese} hey V

[08:37] {ese} this one is a long term hold for sure

[08:38] {vinod} ESLR is closer to my home

[08:38] {ese} ahhhh  .....what do you know about V

[08:39] {ese} about them

[08:39] {nemo} transaction revenue, holds no consumer debt

[08:39] {vinod} lots of friend wotk there and working 7/24 very busy

[08:39] {vinod} but stock keepgoing down

[08:40] {ese} morning nemo

[08:41] {nemo} I thought you were asking about "V" ese.  ESLR has heavy debt burden

[08:41] {vinod} Nemo:):)

[08:41] {nemo} vino :)

[08:42] {ese} I think most solar companies do have heavy debt.......still an industry in it's infancy

[08:42] {vinod} they depend on goverment handout

[08:42] {nemo} don't disagree, but the ability to get credit becomes the bigger issue

[08:43] {ese} for sure

[08:44] {nemo} so you had the double whammy of credit and oil price collapse.  Oil is back, credit not yet

[08:44] {vinod} raising oil will drive solar stock

[08:44] {nemo} already has, look at oil in comparison to tsl and stp

[08:47] {vinod} for solar i prefer TAN instead of any perticular stock

[08:48] {ese} why is that V

[08:48] {vinod} it is ETN little less risk than individual stock

[08:49] {nemo} Mmmmmhhhh...Vinod talking about less risk...glad I'm sitting down

[08:49] {vinod} after taking pounding in ESLR

[08:50] {nemo} yeah

[08:50] {nemo} but eslr took a pounding when everything else took a pounding

[08:51] {vinod} they lost 45Mil in LEH bankrupcy

[08:51] {nemo} oh yeah...remember those

[08:52] {vinod} other wise stock was around 9-12

[08:52] {nemo} those were shares pledged for debt if I remember correctly

[08:52] {vinod} yes

[08:53] {ese} oh ya....forgot about that nemo.....LEH too them for a ride there

[08:53] {ese} took

[08:53] {vinod} they replaced that money with hifh interest rate and tough term

[08:54] {nemo} yeah, Lehman did even kiss them behind the ear

[08:54] {magoo} morning

[08:54] {vinod} and stock went to around a buck and i was cooked

[08:54] {nemo} neat timing Mags

[08:55] {Threei}  magoo :)

[08:55] {magoo} hey guyus

[08:55] {magoo} sigh

[08:56] {magoo} guys

[08:56] {_levelseven} good morning RT's

[08:56] {Threei}  l7 :)

06[08:56] * nemo slaps _levelseven around a bit with a large trout

[08:57] {_levelseven} ouch

[08:57] {nemo} it's just a fish l7...not like the 2x4 Mags uses on me

[09:00] {_levelseven} 鱼味道不如木材

[09:00] {nemo} nemo me impune lo quesit

[09:00] {_levelseven} this translation thing is cool

[09:01] {nemo} where?

[09:01] {_levelseven} wasnt my ealier post in chinese?

[09:01] {nemo} yeah...where did you find the translation thing?

[09:02] {_levelseven} right below the text box

[09:02] {_levelseven} 鱼味道不如木材

[09:02] {Threei}  that's mibbit thing nemo

[09:02] {Threei}  not mirc

[09:02] {nemo} ahhhh...I have mirc

[09:02] {_levelseven} shhhh, maybe everyone will think im smart knowing so many languages

[09:03] {nemo} You're here dude, no way

[09:03] {_levelseven} lol

[09:05] {vinod} nemo take a look at SAY in your spare time

[09:06] {nemo} the charts, or do fundamental research?

[09:06] {vinod} fubdamental-i know company good 

[09:06] {nemo} was that the guy who tried to finance his son's company

[09:07] {vinod} yes, now it is sold to good people 

[09:08] {nemo} closed above resistance from April 6 yesterday, had falling volume on the recent pullback

[09:08] {Threei}  nothing on ESLR still

[09:08] {Threei}  I like that actually

[09:09] {nemo} Gapped up yesterday, would want to see it maintain that gap

[09:09] {Threei}  if it starts climbing on now news, it could be sustainable move

[09:11] {nemo} strong this morning Vinod

[09:12] {vinod} yes, i expect 10 with in six month. i got in at 2.10

[09:13] {vinod} has 17000 us mployee

[09:13] {nemo} I remember when you played it right after the bad news.  You made a killing

[09:14] {vinod} they are working on cyber crime with us goverment

[09:14] {nemo} I'm kinda' ambivalent about that :)

[09:15] {ese} what stock are you referring to V?

[09:15] {vinod} SAY

[09:15] {Threei}  let's assume ESLR starts serious move and look how to play it

[09:15] {ese} ok

[09:15] {Threei}  early stage of reversal usually gives nasty pullbacks

[09:15] {nemo} you get that E?

[09:16] {Threei}  so let's try to get in on one of those

[09:16] {Threei}  sharp selling under 2.10, possibly closer to 2

[09:16] {ese} yes

[09:16] {vinod} under 2.10 for ESLR?

[09:17] {Threei}  worth a try

[09:17] {Threei}  as usual, if it drops here:

[09:17] {Threei}  watch for stall, stabilization, signs of strength

[09:18] {Threei}  If no pullback and it forms consolidation near the high, will re-evaluate

[09:18] {_traderw} goodmorning

[09:18] {nemo} V...SAY right @200 day

[09:19] {Threei}  traderw :)

[09:19] {jfjf64} mornin

[09:19] {Threei}  jf :)

[09:19] {Threei}  SQNM nice pullback

[09:20] {Threei}  let's let it settle down and watch for signs of strength resumption

[09:20] {jfjf64} like takin candy  from  baby   lol lol lol

[09:22] {vinod} vad-said yesterday SQNM at 4.50 a buy

[09:22] {jfjf64} 3.70

[09:23] {vinod} said near closed

[09:23] {dino} gm all

[09:24] {jfjf64} morni dino

[09:24] {Threei}  dino :)

[09:25] {dino} :)

[09:26] {dptl} good morning all

[09:26] {Threei}  dp :)

[09:26] {nemo} dino dp :)

[09:29] {Threei}  ESLT dive

[09:29] {Threei}  ESLR

[09:30] {Threei}  SQNM Hearing Caris commenting on stock activity, does not see reason for strength (53.40, 0.00, 0.00%)

[09:30] {nemo} hehehehe

[09:30] {Threei}  does not see reason for strength after speaking with the company

[09:32] {Threei} Long Setup:  ESLR  2.10 break

[09:32] {Threei}  stop for scalpers under 2.05

[09:32] {Threei}  for daytraders under 2

[09:32] {magoo} in

[09:33] {Threei}  and for swing trade if you are so inclined, under 1.80

[09:33] {nemo} in

[09:33] {Threei}  if you got SQNM near 4.50, just a bounce scalp

[09:34] {vinod} ineslr

[09:38] {jfjf64} lets get these .14 out of way

[09:38] {Threei}  hear that chomping sound?

[09:39] {nemo} I hear my teeth gnashing

[09:39] {Threei}  ESLR is not a fast one, too thick

[09:39] {jfjf64} chomp  chomp  chomp

[09:39] {Threei}  pesky scalpers got 1:1 on ESLR

[09:41] {nemo} ty

[09:41] {dino} efut drop

06[09:41] * Threei adds nemo to the list of pesky scalpers

[09:42] {jfjf64} showin  strength

[09:42] {Threei}  SQNM formed double bottom

[09:42] {nemo} well, I partialed at scalp

[09:42] {nemo} so what does that make me?

06[09:42] * Threei correct list - nemo is partially pesky and partially scalper now

[09:43] {magoo} aapl hammered vad

[09:43] {Threei}  bounce time AAPL

[09:43] {Threei}  .15 long

[09:43] {Threei}  stop under 140

[09:43] {magoo} in .12'

[09:44] {Threei}  wtg

[09:44] {Threei}  keep stop and let it trade

[09:44] {Threei}  over 1:1

[09:44] {Threei}  half out

[09:44] {Threei}  wow SAY

[09:44] {Threei}  good one vinod

[09:45] {vinod} i didn't buy it

[09:45] {nemo} he's "invested"

[09:45] {Threei}  aww... you brought it to our attention, I thought you had it

[09:45] {Threei}  AAPL, 1: a lot

[09:46] {Threei}  feel free to take profit as you see fit

[09:50] {Threei}  mags, tell me you are out??

[09:50] {magoo} yup

[09:50] {Threei}  whew

[09:50] {vinod} damm appl

[09:50] {Threei}  went up almost a buck

[09:51] {Threei}  still above entry

[09:51] {vinod} didn't stop out yet

[09:58] {dino} shld sm l .50

[09:59] {nemo} stop?

[09:59] {vinod} ESLR is stuck around 0.17

[09:59] {nemo} army boots vad

[09:59] {Threei}  ah be gentle

[10:00] {nemo} frickin' flower child

[10:00] {Threei}  thing stays near high while NQ sells down 15 points

[10:00] {Threei}  what else do you want

[10:01] {nemo} I want my unrealistic expectations fulfilled

[10:01] {vinod} i can look only one thing at a time

[10:01] {pita} I'm out, it'll take off now - ty 1:1

[10:01] {Threei}  Fed's Lacker: Labor market may weaken further; seeing evidence of consumer resilience; recession may end later this year

[10:01] {Threei}  - Remarks that fiscal stimulus may only have a 'marginal impact'; must not wait too long to move towards preventing inflation

[10:01] {Threei}  - Comments that seeing some signs housing market could bottom out in 2009

[10:02] {Threei}  duly noted pita

[10:02] {Threei}  I have your e-mail btw, will answer later in the day, sorry

[10:03] {pita} at your convenience, not urgent

[10:03] {dino} shld stopped -.41

[10:03] {vinod} out appl 0.53 see you after 13.30

[10:04] {dino} cya vin

[10:04] {Threei}  take care vinod

[10:05] {dino} s/p stopped right next to 950

[10:06] {pita} bounce point AAPL?

[10:06] {Threei}  too late for off.50...

[10:06] {ese} wish these fed guys would just shut up.....everytime they open there mouths.......man the market tanks

[10:07] {dino} psys

[10:15] {Threei}  PSYS Weakness attributed to report PSYS lost a contract with Nevada health agency

[10:16] {ese} L intc avg.35......some from yesterday more today

[10:18] {nemo} chin hit the keyboard yet Vad?

[10:18] {ese} dino....what do you think of sina,  -2.33

[10:19] {ese} price target cut to 23

[10:21] {dino} sina cut to sell, usually they drop 2 bucks

[10:22] {dino} profit falls 33%

[10:22] {ese} a day

[10:22] {dino} ads slump

[10:22] {ese} hmmm

[10:22] {dino} yes 2 bucks on a sell is typical

[10:22] {dino} we missed psys

[10:22] {ese} might try this ....1/2 lots swing short

[10:22] {ese} 1/2 lot

[10:22] {dino} wanted 17.30 when it was 17.45

[10:22] {nemo} psys didn't give much opportunity

[10:23] {ese} ya was lookin at it

[10:23] {dino} watching palm, fdo, wynn, psys, efut

[10:23] {dino} shld

[10:23] {dino} yeah, psys a pulp stock

[10:23] {nemo} define "pulp" please

[10:24] {ese} chews you up

[10:24] {nemo} oh

[10:24] {Threei}  "pulp can move baby"

[10:24] {Threei}  (G. Costanza)

[10:24] {ese} the wrong way

[10:25] {nemo} like that stuff the baby spits up on your shoulder

[10:25] {dino} seinfeld, george gets pulp in his eye, as 3i said above

[10:25] {dino} how about palm

[10:25] {ese} l fitb..30

[10:25] {nemo} Mary?

[10:26] {nemo} sqnm bottoming?

[10:26] {ese} sorry .32

[10:26] {Threei}  I'd try .65 break nemo

[10:26] {nemo} yeah, palm looks like it's strengthening

[10:27] {Threei}  if it's holding .55

[10:27] {ese} out fitb .41

[10:27] {ese} +.09

[10:27] {dino} sm l palm .10

[10:27] {Threei}  PALM strengthening?

[10:27] {Threei}  looks breakdownish to me, careful

[10:28] {nemo} nice on FITB E

[10:28] {Threei}  market strength may save it if NASDSSQ recovers for real

[10:28] {nemo} yeah, looks like everything is mirroring the market right now

[10:28] {Threei}  excpet FITB

[10:28] {nemo} of course

[10:28] {dino} bwld, pnra mcd holding

[10:29] {ese} ya i know....fitb surprised me there

[10:30] {ese} just barely caught that little run

[10:30] {fernp} SLM 8 break, Bad?

[10:30] {fernp} Vad

[10:30] {Threei}  *DOE CRUDE: -4.38M V -200KE; GASOLINE: -1.55M V +1.2ME; DISTILLATE: -318K V +1.1ME

[10:30] {_levelseven} efut nice bounce

[10:31] {Threei}  worth a try fern

[10:31] {Threei}  it's very narrow and slow today

[10:31] {fernp} ok

[10:31] {Threei}  but if market is done dropping (and looks like it), should provide a scalp

[10:31] {dino} ibkc

[10:31] {dino} thinny

[10:33] {dino} missed it l7, wanted 10

[10:33] {ese} L fitb .36 pullback

[10:34] {_levelseven} stocks feet stuck in mud this morning

[10:36] {dino} fdo l .65

[10:37] {Threei}  MS Co President: Have seen the bottom of the financial crisis; economy has 'stabilized' - TV interview

[10:37] {Threei}  - Remarks that many factors still must take place for a recovery

[10:39] {dino} easy to say w/lows 28% under

[10:39] {Threei}  no kidding

[10:40] {nemo} If $ keeps falling and oil keeps going up Xmas season should be really funny...but I'm getting ahead of myself

[10:40] {Threei}  45% Say Cancel Rest of Stimulus Spending

[10:40] {Threei}  yeah, fat chance

[10:41] {nemo} Yeah, that was mostly a restoration of spending Bush cancelled.  Got nuttin' to do w/stimulus in the 1st 2nd or last place

[10:41] {dino} sm l ibkc .00

[10:41] {dino} thin wide

[10:43] {dino} i'm w/the 45%

[10:43] {nemo} me 2

[10:49] {nemo} stop sqnm

[10:50] {Threei}  Canadian Financial Offical: USD to remains worlds primary currency for some time

[10:50] {Threei}  some time?

[10:50] {Threei}  lol

[10:50] {nemo} Yeah, a worldwide supply of toilet paper

[10:50] {pita} Sears catalog somewhat softer

[10:52] {pita} pretty slow mkts

[10:52] {nemo} ya' think

[10:52] {nemo} matches my wits perfectly

[10:52] {pita} Captain Obvious

06[10:53] * nemo gives vad a tissue

[10:53] {Threei}  I don't concede just yet

[10:53] {Threei}  today is Wed

[10:53] {Threei}  there, beat this

[10:53] {nemo} Ahhh.....the sun came up this morning

[10:53] {pita} 10:53 EST

[10:54] {nemo} I win

[10:54] {Threei}  yeah... you guys give me run for my money

[11:01] {dino} shld last try sm l .10

[11:07] {Threei}  there is just no spark in the market today

[11:07] {Threei}  yesterday there was life, excitment

[11:08] {Threei}  today is swamp

[11:11] {fernp} WU long .37

[11:11] {jfjf64} chk s.48

[11:11] {fernp} stop under .30

[11:12] {dino} wow 3i, yesterday i was bored all a.m., today lots of stuff i'm missing, you and i are oppositeno offense of course

[11:13] {nemo} you both had good days yesterday

[11:13] {dino} yes

[11:14] {Threei}  what do you mean no offense

[11:14] {nemo} today might be getting whacked by the oil numbers too

[11:14] {Threei}  if I don't take offense, I will have absolutely nothing to do at all

[11:14] {Threei}  this is my only chance to find what to do

[11:14] {dino} i mean, i'm not disrecting you

[11:14] {dino} disrespecting

[11:15] {dino} ohh, ok

[11:15] {Threei}  I understand... but if I pretend I don't, we can strat a fight and spend time productively and with fun

[11:15] {dino} them's fighting words

[11:15] {Threei}  there... see? fun is about to start :)

[11:16] {Threei}  for the beginning let's practice on magoo

[11:16] {pita} trouting anyone?

06[11:16] * Threei slaps magoo around a bit with a large practicing trout

06[11:16] * nemo slaps magoo around the ankle with a large trout

[11:17] {_levelseven} mkt not cooperating at all, I chose to blame my wife

[11:17] {dino} he's sidetracked w/real estate issues this morning

[11:17] {Threei}  all the better dino

[11:17] {Threei}  that's a valid choice too L7

[11:17] {dino} l7 is going to fit in fine

[11:18] {nemo} Welcome to the Asylum...meet your janitor-Vad...doesn't like foul language or innuendo

[11:18] {dino} i prefer, welcome to the jungle

[11:18] {Threei}  who said I don't like them?

[11:18] {Threei}  I don't like additional work if I have to edit them out

[11:18] {nemo} we get going the janitor is always waking up looking at us

[11:19] {nemo} splitting short an curlies there

[11:20] {_levelseven} threei, does chaeron still come here?

[11:20] {vinod} its time for JAZZ

[11:20] {nemo} I saw that

[11:21] {Threei}  he is out for a bout a month

[11:21] {vinod} may be good to enter around 2?

[11:22] {Threei}  can't tell in advance... let's see how it acts if it gets there

[11:24] {Threei}  it completed half of phase III... providing second half shows good results it plans to submit FDA application at the end of 2009

[11:24] {Threei}  sounds to me like recipe for fizzling out

[11:24] {Threei}  it moved as it did only because of general bio hoopla, but tnay dies down too

[11:27] {dino} end of 09 is a long time

[11:27] {Threei}  yeah

[11:27] {Threei}  and :providing second half is good"...

[11:27] {vinod} I am for end at 4.00 p.m

[11:29] {dino} by 4 i expect to be pounding down a brew

[11:30] {vinod} we are allowed to talk about vodka only

[11:32] {dino} no vin, i have to shoot a round of golf tonight, beer and tequilla only

[11:36] {_navigateqd} gone short PH and RS, I stopped out RS and holding my PH short position

[11:36] {Threei}  what price are you short PH at?

[11:38] {_navigateqd} 47.2

[11:38] {_navigateqd} and dare not long RS 

[11:38] {_navigateqd} while it is moving higher

[11:40] {_navigateqd} I feel there's a big seller in PH

[11:41] {_navigateqd} shorting CLF now

[11:42] {dino} cnqr spike

[11:43] {_navigateqd} wow

[11:44] {fernp} 1:1 WU

[11:46] {vinod} you guys are still in ESLR--I am

[11:47] {Threei}  yes

[11:47] {vinod} thanks

[11:49] {_navigateqd} 42.2 seems to be the resistance to RS

[11:50] {dino} out ibkc .69, +.69

[11:54] {jfjf64} chk s .58

[11:55] {dino} zagg spike

[11:55] {dino} and drop, too fast

[11:55] {Threei}  good boy ESLR

[11:55] {Threei}  solidly over 1:1 for day traders

[11:55] {dino} otc forget it

[11:57] {vinod} ESLR 0ut 2k 2.26 left 2k

[11:57] {Threei}  gj

[11:58] {Threei}  now trail stop to under breakeven

[11:58] {Threei}  offer 1K more closer to 1.40

[11:58] {Threei}  then re-evaluate if gets there

[11:58] {vinod} o.k reason I post detail is to let you know if i am doing any thing wrong

[11:58] {_navigateqd} covered PH short at 46.52 

[11:59] {Threei}  nope... you are getting the routine down just right

[11:59] {vinod} o.k thanks vad

[11:59] {Threei}  and you know what the best thing about routine is?

[11:59] {Threei}  it eliminates thinking

[12:00] {Threei}  with it go second guessing, emotional involvement, rule breaking

[12:00] {Threei}  all thnat is left is automated reactions

[12:00] {Threei}  which turns you into trading robot

[12:03] {Threei}  good cover navigateq

[12:03] {Threei}  trail just above last resistance, exactly as I would do it

[12:03] {_navigateqd} out CLF breakeven

[12:04] {_navigateqd} Yeah no momentum to go down any further (PH)

[12:04] {Threei}  put in double bottom, formed resistance and then broke it

[12:05] {Threei}  typical trend reversal

[12:07] {_navigateqd} and I won't go long because it was very weak this whole morning

[12:09] {dino} shld stop to .51

[12:09] {vinod} nemo-I should have joined you in SAY with couple of K

[12:09] {Threei}  SAY getting frenzied

[12:10] {dino} out shld +.41

[12:15] {jfjf64} c/h chk  if anybody  cares  been  watchin

[12:15] {Threei}  SAY becomes today's start

[12:15] {Threei}  let's call it today's SQNM

[12:15] {ese} fitb go baby go!!!

[12:16] {Threei}  Moody's raises ratings on GMAC

[12:16] {Threei}  eeck

[12:16] {dino} wynn sm l .98

[12:16] {Threei}  new high ESLR

[12:16] {dino} we care jf

[12:17] {Threei}  aww dino... what's with encouragement and caring attitude

[12:17] {Threei}  "no jf, we don't, go away" is the right answer

[12:17] {ese} of all the saying you do on here vad.....i really like that one..."eeck"   Thats just about covers everthing that is goofy in the market...cool

[12:17] {Threei}  lol

[12:17] {jfjf64} lol

[12:18] {jfjf64} are ya in say

[12:18] {dino} wow jf is out of the circle of vads' trust

[12:18] {Threei}  just the opposite dino, just the opposite

[12:18] {jfjf64} hmmm

[12:18] {Threei}  I wish jf

[12:18] {dino} no jf

[12:18] {Threei}  we are in ESLR though

[12:18] {dino} dealing w/palm, wynn, fdo

[12:18] {Threei}  and we have 1:2 for daytraders

[12:18] {Threei}  1:4 for scalpers

[12:19] {nemo} no such thing as 1:4 for scalpers

[12:19] {Threei}  no

[12:19] {dino} watching efut for double bottom-ish

[12:19] {jfjf64} i took my 5cents  and  ran   no  good

[12:19] {Threei}  it's designed specifically to tease them by invoking scalper's regret

[12:19] {nemo} Captain Obvious

[12:20] {jfjf64} .75 l chk  waitin

[12:20] {dino} pru off .50?

[12:21] {Threei}  long?

[12:21] {Threei}  if holding .40

[12:21] {Threei}  nic tight stop

[12:21] {Threei}  nice

[12:21] {Threei}  Beijing Auto has expressed intereste in Ford's Volvo automobile unit - WSJ

[12:22] {Threei}  Chinese auto industry is being born out of crisis

[12:22] {nemo} getting to buy assets at firesale prices

[12:22] {Threei}  Hammer, Volvo

[12:22] {Threei}  yup, if not now then when

[12:23] {dino} well, that is the way it works vad. 

[12:23] {Threei}  PRU invalidated

[12:23] {nemo} wow you spelled it conventionally

[12:24] {jfjf64} chk ivalidated also

[12:24] {Threei}  that's accident nemo

[12:24] {Threei}  don't assign any significance to it

[12:24] {vinod} Carl Marx talked about transferring the means of production to the State; he didn’t mean the Chinese State?

[12:25] {nemo} Brazil is providing $10B to the IMF

[12:25] {Threei}  I am not familiar with what happens in China well enough... but he sure meant USSR of 20st century and, sadly, USA of 21st

[12:28] {pita} gotta go boys - happy hunting

[12:28] {Threei}  take care pita

[12:28] {nemo} cyapita

[12:29] {dino} cya pita

[12:40] {Threei}  JAZZ is crazy

[12:42] {jfjf64} charts say  alot of way  to  run   agree

[12:44] {Threei}  vinod.... ESLR is nearing second exit zone

[12:45] {dino} atni

[12:46] {jfjf64} .30 cents later   lol

[12:48] {jfjf64} issh   5.00 coming

[12:49] {dino} vad atni?

[12:49] {nemo} bounced on property acquisition news from Verizon

[12:50] {dino} yes, but a buit extreme

[12:50] {Threei}  don't have any opinion on that

[12:51] {dino} use mine

[12:51] {nemo} we don't know what the metrics are out of those properties

[12:51] {Threei}  lol JAZZ

[12:51] {Threei}  5

[12:51] {jfjf64} yikes jazz

[12:51] {jfjf64} here ya pullback

[12:52] {jfjf64} gettin recharged

[12:52] {dino} most likely english system nemo, us properties, :)

[12:53] {Threei}  quick pullback to 4, lol

[12:53] {nemo} I meant financial metrics

[12:53] {jfjf64} yup

[12:53] {dino} i know....

[12:54] {nemo} going for Captain OBvious Dino?

[12:54] {jfjf64} 3.70 be nice

[12:54] {dino} you guys are uptight todayu

[12:54] {nemo} I'm having trouble staying awake

[12:54] {Threei}  look at JAZZ

[12:55] {Threei}  will wake you up

[12:55] {nemo} no...I'm not in it

[12:55] {dino} and cyber says none avail

[12:55] {jfjf64} 4.40 break vad

[12:56] {Threei}  shrug

[12:56] {nemo} available here dino

[12:56] {nemo} or are you talking atni?

[12:56] {dino} short it nemo.......

[12:56] {dino} jazz

[12:57] {dino} wanted at 4.50 break, cyber says n.a.

[12:57] {nemo} wish you had told me then

[12:57] {dino} atni want to short just trying to figure out where

[12:57] {Threei}  yeah, available for laser

[12:58] {nemo} [12:56] {nemo} available here dino

[12:58] {dino} some day, when i grow up i'll make the switch

[12:58] {Threei}  lol

[12:58] {nemo} to what?

[12:58] {Threei}  rofl

[12:59] {Threei}  nemo... you are something

[12:59] {nemo} I was busting Vad

[12:59] {dino} indeed vad, indeed

[12:59] {jfjf64} jazz l .40 break for me

[12:59] {nemo} Contrary opinions here

[13:02] {dino} i am the contrarian

[13:02] {nemo} sorry

[13:02] {nemo} I was talking relativistically between you and JF

[13:02] {Threei}  hey!

[13:02] {nemo} Vad, you short it?

[13:02] {Threei}  no words longer than 3 syllables!'

[13:03] {Threei}  no, I am not touching this thing

[13:03] {jfjf64} thats a big word  for  me   im  just a scalper

[13:03] {nemo} sorry, that was 7

[13:03] {dino} wynn stopped

[13:03] {nemo} so sesquepaedalian and omphaloskepsis are out?

[13:03] {jfjf64} lol

[13:04] {nemo} Mary Palm still hanging in their Dino

[13:04] {nemo} there

[13:05] {dino} .77 stop

[13:05] {dino} shld lod

[13:08] {jfjf64} looks lk  wedge formin  jazz

[13:11] {ese} Have a 10;30 meeting see you all tomorrow....

[13:11] {Threei}  take care ese

[13:11] {dino}  cya es

[13:13] {nemo} tbt spiked @1:00 was there info on the auction?

[13:13] {Threei}  yes

[13:13] {jfjf64} hmm guess ya west  coast   tk care

[13:13] {nemo} helpful as always

[13:13] {Threei}  *TREASURY'S $19B 10-YEAR NOTE REOPENING BID-TO-COVER RATIO: 2.62 V 2.49 PRIOR AND 2.41 OVER THE LAST 5 REOPENINGS

[13:13] {Threei}  - indirect bidders take 34.2% of competitive bids

[13:13] {Threei}  - notes draw 3.99% with 46.5% alloted at high

[13:14] {jfjf64} jazz broke  wedge   down

[13:14] {Threei}  yeah, shirted a little at .09

[13:14] {nemo} indirect bidders were over 40% at the last one...eewww

[13:14] {Threei}  covered .75

[13:14] {nemo} I thought you said you weren't touching it

[13:15] {Threei}  I changed my mind

[13:15] {Threei}  am I allowed?

[13:15] {dino} wynn rinsed

[13:15] {Threei}  AGEN Hearing vague positive chatter circulating on prospects for the Oncophage approval in Europe (2.24, 0.17, 8.21%)

[13:16] {dino} aapl bruised

[13:16] {nemo} nice

[13:16] {jfjf64} ya  lk bounce  here for  long   3.75

[13:17] {jfjf64} in

[13:18] {jfjf64} .77

[13:18] {jfjf64} 1/1

[13:21] {Threei}  wtg

[13:21] {Threei}  beautiful bounce and nicely executed trade

[13:32] {Threei}  Preview: Fed's Beige Book survey of regional economic conditions to be released at 2pmET

[13:32] {Threei}  **reminder: the prior Beige Book, released on 4/15, stated:

[13:32] {Threei}  - the economy contracted slower in 5 of 12 regions, and the housing market showed signs of tentative stabilization.

[13:32] {Threei}  - Credit remained tight across regions.

[13:32] {Threei}  etc

[13:41] {Threei}  MFE Microsoft to reportedly release a free anti virus service (39.94, -0.63, -1.55%) (related SYMC BCSI FIRE )

[13:43] {vinod} stop out eslr at 2.30 did not hit offering price of 2.40

[13:48] {dino} shld holding that lod

[13:49] {nemo} so aren't the indices

[13:50] {nemo} gonna' do a re-run?

[13:51] {dino} 8633 support, 1467, 923

[13:51] {dino} pru, shld may have bottomed, watch for retest

[13:51] {dino} efut getting near

[13:52] {dino} fed beige book should lean positive imo

[13:53] {dino} atni wants 40

[13:53] {jfjf64} thinkin 4.10 break vad   jazz   ya opinion

[13:56] {Threei}  hmmm

[13:57] {Threei}  hard to tell really

[13:57] {jfjf64} vol dryin up

[14:00] {dino} efut sm l .10

[14:00] {Threei}  SAY is holding rather well

[14:00] {nemo} pru dino

[14:00] {dino} missed it

[14:01] {nemo} yeah, I saw it @ .10 but passed

[14:01] {dino} thought it would re-test

[14:02] {vinod} vad-SAY is software service company with 50K employee 

[14:02] {Threei}  *FED'S BEIGE BOOK: SLUMP IS MODERATING IN 5 OF 12 DISTRICTS; Prices at all stages of production and wages were flat or falling, expectations have improved

[14:02] {Threei}  I remember the story vinod

[14:02] {nemo} shld bolted too

[14:03] {Threei}  shooting at US Holocaust Museum

[14:03] {jfjf64} crazy

[14:03] {jfjf64} look jazz   liked  news   lol

[14:04] {vinod} not only SQNM but all bio tech are down

[14:05] {jfjf64} hv feelin will test that .40

[14:07] {dptl} have a good evening all

[14:07] {jfjf64} .40break all over

[14:07] {Threei}  take care dp

[14:08] {dino} cya dp

[14:08] {jfjf64} in

[14:09] {jfjf64} .42

[14:09] {Threei}  wow... you skipped .10 but went for .40?

[14:10] {jfjf64} yeah  late  to  dance???

[14:11] {Threei}  logic escapes me :)

[14:11] {jfjf64} yikes  no  wk

[14:11] {jfjf64} stupid

[14:15] {Threei}  C Introduces a poison pill provision to protect a $43B tax benefit

[14:17] {Threei}  SAY has this look...

[14:17] {Threei}  break-and-enter

[14:17] {jfjf64} yup

[14:20] {dino} last try wynn off of .00

[14:24] {jfjf64} cd use 5 cent stop for this break  correct

[14:31] {jfjf64} SAY in aint so   maybe  later

[14:36] {vinod} are we going to closed green?

[14:36] {nemo} PPT should be showing up soon

[14:36] {dino} giddy-up wynn

[14:37] {dino} nemo, nice timing

[14:42] {nemo} wynn's kinda' got a left sided C&H going there

[14:43] {dino} meaning

[14:43] {nemo} ask Vad, it just looks opposite of what one normally thinks of a C&H

[14:44] {Threei}  you come up with some weirdo stuff and sened people to ask me?

[14:44] {dino} roflol

[14:44] {nemo} I just opined on what it looked like

[14:45] {jfjf64} do  we short  or  go  long   with this  type of cup   vad

[14:45] {dino} looks like a coin toss to me

[14:45] {nemo} ya' know, kinda' looks like a genie's lamp

[14:45] {Threei}  jf... ask nemo {G}

[14:45] {Threei}  it's his fanous Alladin setup

[14:46] {nemo} that was good

[14:46] {nemo} how's the shoulder

[14:46] {Threei}  thank you, betyter than magoo's ankle

[14:46] {dino} hurts

[14:46] {nemo} I trouted it this morning

[14:54] {Threei}  those who take ESLR fo a swing, wqe will trail stop today

[14:54] {Threei}  will decide on a new placement at the end of the day

[14:56] {dino} csfg

[14:56] {dino} cfsg

[15:06] {Threei}  some more selling and will start looking into SAY's eyes re: bounce

[15:06] {dino} wynn tighten to .89 mkt drop

[15:06] {Threei}  sharp dive into .40 would be nice

[15:06] {dino} myrg

[15:13] {dino} wynn to flat

[15:14] {dino} to .08

[15:14] {dino} out wynn, +.08

[15:17] {fernp} SAY formed double bottom

[15:17] {dino} say it isn't so

[15:22] {vinod} JAZZ and SQNM are killers

[15:23] {vinod} and lost faith in SAY

[15:23] {fernp} out SAY`+.09

[15:23] {Threei}  fern :)

[15:24] {Threei}  come on vinod... you can't lose faith in company with 50,000 employees on 30 cents pullback

[15:24] {nemo} nice one Vad

[15:25] {Threei}  JAZZ is as brutal on pullback as it was on run up

[15:25] {Threei}  JAZZ .15 long, half lot

[15:26] {vinod} I am fair weather trader?

[15:26] {Threei}  lol

[15:26] {Threei}  feel free to take profit on JAZZ as you see fit

[15:26] {Threei}  1:1 in seconds

[15:29] {vinod} look like no PPT today?

[15:30] {Threei}  day off... Wed

[15:30] {Threei}  PPT manual says no work on Wed

[15:30] {nemo} sometimes they wait until 3:40

[15:30] {vinod} they run out of money

[15:30] {nemo} just print more

[15:31] {Threei}  printing press goes on preventive care each Wed

[15:31] {magoo} rip or rott vad??

[15:31] {Threei}  neither

[15:32] {Threei}  sideways

[15:32] {nemo} where you been

[15:32] {Threei}  he was unconscious ever since [11:16] * Threei slaps magoo around a bit with a large practicing trout

[15:32] {magoo} total distractions today

[15:32] {nemo} here they come

[15:33] {Threei}  nah, it's traders trying to frontrun them

[15:33] {nemo} oh yeah volume low

[15:33] {wulff} you think SAY is good for an overnight?

[15:33] {Threei}  hmmm

[15:34] {Threei}  dunno, ESLR feels safer to me

[15:34] {_levelseven} eslr threatening new hi

[15:34] {wulff} safe....hah! whats that?

[15:34] {dino} damn missed pru again

[15:35] {Threei}  new hi runs to police to ask for retstraining order against ESLR

[15:35] {nemo} they

[15:36] {nemo} they're here

[15:36] {Threei}  {they} no us are not

[15:37] {dino} "they say if you can think it, it's been done"

[15:38] {Threei}  ESLR assault on new high

[15:38] {Threei}  new high is killed

[15:38] {Threei}  even newer high now

[15:38] {Threei}  1/4 more out

[15:39] {Threei}  +.30

[15:39] {_levelseven} seady & slow, less stress

[15:39] {_levelseven} seady

[15:39] {_levelseven} steady

[15:39] {Threei}  there

[15:39] {Threei}  third time is charm :)

[15:39] {_levelseven} ha

[15:39] {dino} fdo to .67 all day

[15:39] {dino} stopped +.02

[15:40] {Threei}  daytraders, trail stop to .15 for the last portion

[15:40] {Threei}  swingtraders, trail stop to 1.95

[15:40] {dino} efut to .25

[15:40] {Threei}  and btw, swing traders have 1:1

[15:41] {Threei}  so partial out is a valid option

[15:41] {nemo} what about scalpers?

[15:41] {dino} i picture vad at one of those "key" parties when he says that

[15:41] {Threei}  lol

[15:41] {Threei}  scalpers are crying, nemo

[15:41] {dino} out efut .22 slip, +.12

[15:42] {nemo} outta' PALM yet Dino?

[15:43] {dino} no, if it doesn't hit stop, will carry overnightif hit .25 will take it

[15:44] {dino} that was "&" hits

[15:44] {dino} all in all held well this afternoon

[15:45] {jfjf64} axp break .57 here

[15:46] {dino} brb

[15:49] {dino} efut, ugh!

[15:50] {jfjf64} common buyers   bg sale  axp  10 min

[15:51] {nemo} see that on efut dino!

[15:52] {dino} see above nemo, tricked me

[15:52] {nemo} I'm talking that .30 shakeout

[15:52] {Threei}  BAC Fed Emails Show Fed Thought BofA''s Threat To Drop Merrill Acquisition Was ''Not Credible'' - WSJ

[15:53] {fernp} good evening all. see u tomorrow

[15:53] {Threei}  take care fern

[15:54] {Threei}  SAY is back to highs

[15:54] {Threei}  ESLR too

[15:54] {Threei}  nice finish

[15:54] {dino} yes saw that

[15:54] {nemo} market will end up basically flat

[15:54] {wulff} what was your last sell on SQNM?

[15:54] {dino} thats why hard stop was not desired but eod so....

[15:54] {nemo} Everybody covering shorts in fear of PPT

[15:54] {jfjf64} 4.95 break vad  still good

[15:55] {Threei}  wow, it was yesterday

[15:55] {wulff} What's PPT?

[15:55] {Threei}  we haven't traded it today

[15:55] {wulff} I know, just curious

[15:55] {nemo} Plunge Protection Team for us conspiracy theorists

[15:55] {jfjf64} 1/1 axp

[15:55] {wulff} OK

[15:55] {Threei}  I'd have to dig it out in the log...

[15:55] {Threei}  my memory span is one of a moth

[15:55] {wulff} no prob forget it

[15:56] {dino} wulff, or w/new admin., political protection team

[15:56] {vinod} my mistake, sold ESLR too soon and did not play SAY

[15:56] {jfjf64} all out axp

[15:57] {dino} fdo l .60

[15:57] {wulff} more list BSPT

[15:57] {dino} out .65, +.05

[15:57] {wulff} more like...

[15:57] {vinod} have a nice evening to all

[15:57] {Threei}  take care vinod

[15:57] {Threei}  okay guys

[15:57] {Threei}  thank you all

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

[15:57] {jfjf64} gn 

[15:58] {_traderw} good night , thanks!

[15:58] {Threei}  sure thing

[15:59] {Threei}  ESLR babyu

[15:59] {jfjf64} monster

[15:59] {Threei}  over 1:4

[15:59] {dino} gn all, thx, positive but light. week going well tho

[16:00] {dino} tee time in 30