RealityTrader Trading Log

Monday, July 13, 2009

Jul 13 2009

Nice star to a week - 6 calls, 5 wins. RIMM and AIG made the day.

Session Time: Mon Jul 13 00:00:00 2009

[08:17] {nemo} Morning Raven
[08:20] {Raven} howdy
[08:20] {nemo} How's the birding going?
[08:21] {Raven} slow ... getting late ... singing subsided
[08:22] {nemo} one of the simple pleasures in life...waking up to birdsong. Having said that the spring cacophony can be worse than city traffic
[08:22] {Raven} nothing is worse than city traffic
[08:22] {nemo} City anything
[08:23] {Raven} correct
[08:47] {vinod} Good Morning nemo Raven and to all
[08:47] {nemo} hello
[08:47] {Raven} morn :)
[08:48] {vinod} look like they got Whitney to pump bank stock today?
[08:48] {nemo} GS upgrade...Government Sachs strikes again
[08:49] {Threei} (US) Treasury Sec Geithner: Have seen a significant easing of the financial crisis, expects different global regions to emerge from crisis at difference times
[08:49] {Threei} - Sees a good chance US and overall global economy will return to growth over the second half of 2009.
[08:49] {Threei} - Warns that the global recovery still faces plenty of sigificant risks and challenges.
[08:49] {Threei} - Monitoring CIT situation closely, US has the authority it requres to resolve CIT if needed.
[08:49] {Threei} - There is strong consensus among global economic players on measures needed to stoke recovery.
[08:49] {Threei} - The maximum impact of US stimulus spending is only just beginning to be felt
[08:50] {Raven} blahblahblahblahblah
[08:50] {vinod} aren't we in second half of 2009?
[08:51] {nemo} are we?
[08:51] {vinod} I am confuse now may be we are in frist half
[08:52] {Raven} we are in the first half of the second half
[08:52] {nemo} Arguably the first 1/8
[08:53] {cosmo} its the start of the 3rd quarter
[08:53] {KSystems} Maybe it'd be hard to find a place in time that is earlier in the second half
[08:53] {nemo} We
[08:53] {nemo} We're in Cancer transitioning to Leo
[08:53] {vinod} please don't miss quote him. he means second half of 2010
[08:54] {Threei} Merdeith Whitney: Unemployment could reach 13% (no timeframe provided) - CNBC
[08:55] {Threei} The Goldman Sachs Group Inc Follow up: Shares continue to trade higher in the NY pre-market as Meredith Whitney speaks live on CNBC
[08:55] {Threei} - Call on financials: To move +15% before flat-lining, then will make another down move
[08:55] {Threei} - Continues to be worried about the consumer, does not expect consumer levels to come back any time soon
[08:55] {Threei} - Levels of loan modifications will remain high, this will extend the lifetime of current loan facilities
[08:55] {Threei} *Reminder: Earlier in session: Shares raised to Buy from Neutral by Meredith Whitney, price target $186
[08:56] {cosmo} unemployment skyrockets on weekends ... ya know
[08:58] {dino} gm all
[08:59] {Threei} dino :)
[09:00] {dino} :)
[09:00] {ese} gooooooood morning
[09:00] {ese} dino
[09:02] {Threei} ese :)
[09:03] {BillyD} gm everyone :)
[09:04] {Threei} Billy :)
[09:06] {Threei} I just realized what is drastically different this summer
[09:06] {nemo} volatility?
[09:06] {Threei} anyone noticed which sentence that we used to hear every summer was not used even once this time?
[09:07] {Threei} Raven... we used to wonder where they got the idea
[09:07] {Threei} "Summer rally"
[09:08] {cosmo} long hot summer?
[09:08] {magoo} morn
[09:08] {Threei} every summer they would start talking about it as if it were given that every summer we have a rally
[09:08] {Threei} magoo :)
[09:09] {Raven} summer doldrums
[09:09] {cosmo} beach rallies
[09:09] {magoo} why GS up 5??
[09:09] {nemo} upgrade
[09:10] {ese} morning vad....was just geting my coffee
[09:10] {Threei} :)
[09:10] {magoo} ty, why financials up?
[09:10] {Threei} doldrums is legitimate one
[09:10] {Threei} that I accpet
[09:11] {Threei} or accept... depending on my mood
[09:11] {Raven} sigh
[09:12] {fernp} good morning everybody
[09:12] {Threei} fern :)
[09:12] {dino} ady
[09:14] {ese} hmmmm $110 target for RIMM Broadpoint AM Tech.....whoever they are
[09:15] {ese} $175 for appl
[09:15] {ese} aapl...
[09:16] {magoo} new tho
[09:19] {ese} kinda looks like an up day?......
[09:20] {dptl} good morning all
[09:20] {Threei} so fra...
[09:20] {Threei} dp :)
[09:20] {ese} ddddddddpppppppppp!!!!!!!!!1
[09:20] {dptl} :)
[09:22] {jfjf64} mornin boys
[09:22] {Threei} keeping an eye on AIG
[09:22] {Threei} jf :)
[09:24] {ese} jf......
[09:24] {magoo} u thinking up or down today vad
[09:24] {nemo} available to short today
[09:24] {Threei} me? thinking??
[09:24] {Threei} thatnk you magoo, this is so flattering
[09:25] {nemo} stand up, it'll be easier if you take pressure off your brain
[09:29] {vinod} Expecting early bounce followed by reality
[09:30] {Threei} Long Setup: BACK .40 break
[09:31] {Threei} if stays above .35 for scalpers, .30 for day traders
[09:31] {Threei} BAC
[09:33] {magoo} AIG dam
[09:33] {Threei} AIG is still in a state of blissful vacation of reason
[09:35] {Threei} BAC 1:1
[09:36] {dino} pot blood again
[09:36] {Threei} over 1:2, I am out
[09:37] {cosmo} SNDK hod = 14.99
[09:37] {cosmo} fwiw
[09:37] {cosmo} testing...
[09:39] {cosmo} sigh
[09:39] {ese} in and out of fitb .81 to .88 +.07
[09:39] {nemo} How many little buggers?
[09:39] {ese} appologies didn't have time to post
[09:39] {dino} scanners all red
[09:39] {ese} 4k nemo
[09:40] {nemo} not a bad day's work
[09:40] {ese} nope i'll take it for sure
[09:40] {nemo} Is "you know who" speaking or somethin'?
[09:41] {Threei} Long Setup: RIMM .80 break half lot
[09:41] {Threei} if stays above .65
[09:42] {Threei} .70 even if sets up from here
[09:43] {Threei} that was easy
[09:43] {Threei} take scalp
[09:43] {magoo} oput .17 TY
[09:43] {nemo} took scalp ty
[09:43] {tomg} ty vad
[09:43] {Threei} hmmm... how do I slap two in one line
[09:43] {Threei} three
[09:44] {Threei} ok... no script for that, will have to work hard...
06[09:44] * Threei slaps magoo around a bit with a large roll of cash
06[09:44] * Threei slaps nemo around a bit with a large roll of cash
06[09:44] * Threei slaps tomg around a bit with a large roll of cash
[09:44] {nemo} smaller roll...only half lot
[09:45] {Threei} yeah but over 1:3 in a few seconds
[09:45] {Threei} PRGO
[09:45] {nemo} o.k.
[09:45] {Threei} PRGO Receives FDA Approval to Market Cherry and Cinnamon Flavored Nicotine Lozenges (26.91, 0.28, 1.05%)
06[09:45] * nemo slaps nemo around a bit with a large Vad
[09:46] {cosmo} do they have regular flavor?
[09:46] {johnnyj} its all about leverage nemo
[09:46] {magoo} u say rimm..i am in
[09:46] {tomg} me too
[09:46] {Threei} poetry on Monday morning...
[09:46] {nemo} what's about leverage JJ?
[09:46] {ese} opposite of friday market....dow up, comp/ndx dn...friday dow dn, comp/ndx up....hmmmmm
[09:47] {magoo} GS crushing
[09:47] {nemo} But they got an upgrade...this doesn't make sense...Oh my GAWD!!!
[09:47] {Threei} Short Setup: AIG .50 break half lot if stays under .70
[09:48] {Threei} invalidated
[09:50] {Threei} look our BAC exit
[09:50] {magoo} yea
[09:50] {magoo} rimm somewhere a bounce vader
[09:51] {Threei} needs one more leg down at leasdt
[09:51] {nemo} aig going
[09:51] {Threei} not a bouncer here
[09:51] {magoo} AIG just has a way of making me feel stupid
[09:51] {Threei} ummm...
[09:51] {nemo} Mags, don't stick your chin out like that
[09:51] {Threei} lord give me power not to comment
[09:52] {nemo} Give him a break Vad, it's Monday
[09:52] {Threei} .short rimm .40 break half lot
[09:52] {magoo} :) i missed u guys
[09:52] {Threei} if stays under .55
[09:53] {nemo} too fast
[09:53] {nemo} nice though
[09:53] {Threei} bounced right into trigger for second chance entry
[09:54] {Threei} 1:1
[09:54] {nemo} Qs dying
[09:54] {magoo} ugly q chart
[09:54] {Threei} 1:2
[09:55] {Threei} {Q} I want second opinion
[09:55] {nemo} on what?
[09:55] {Threei} [09:54] {magoo} ugly q chart
[09:55] {Threei} out RIMM
[09:55] {Threei} +.30
[09:55] {nemo} {nemo} Qs dying
[09:55] {ese} definetly ugly
[09:56] {ese} along with the comp
[09:56] {nemo} If you're short, it's beautiful
[09:56] {Threei} AIG is totally oblivious to everything, lol
[09:56] {Threei} to the market, to reality, to gravity
[09:56] {ese} can't see the reason for it though
[09:57] {Threei} Long Setup: RIMM .10 break half lot
[09:57] {Threei} stop is understood by default here
[09:59] {Threei} 1:1
[09:59] {jfjf64} nice
[10:00] {magoo} out .34 TY
[10:00] {jfjf64} today i buy new blackberry ty VAD
[10:00] {Threei} lol
[10:00] {ese} nice bounce play vad!
[10:00] {Threei} 4:4... I work way too hard for Monday...
[10:00] {Threei} gosh AIG
[10:00] {Threei} ascending triangle
[10:02] {Threei} I guess yesterday's shishkebab with patience, ese and dptl is inspiration
[10:02] {nemo} well...it's been 2 minutes, what have you done lately?
[10:02] {Threei} blabbed about yesterday's dinner?
[10:02] {nemo} hehehehe
[10:02] {Threei} :)
[10:03] {nemo} bastad...caught me with a mouth full of coffee
[10:03] {Threei} sorry
[10:03] {ese} not to mention the wine with vodka chaser
[10:03] {Threei} I owe you a new keyboard?
[10:03] {nemo} now you're lying
[10:03] {nemo} screen
[10:03] {Threei} ese a true hero... shot of straight vodka
[10:04] {nemo} I have to start drinking during the day, since drinking at night affects my sleep
[10:04] {Threei} even dptl was impressed and it takes inhaling whole bottle to impress him
[10:05] {nemo} RIMM higher low, DB?
[10:05] {nemo} aig pull back
[10:05] {Threei} confirmation level for RIMM is way too high... 40...
[10:06] {Threei} chart wise it's a right play but risk parameters are outside of my tolerance
[10:06] {Threei} this is nice pullback AIG
[10:06] {nemo} echo in here
[10:07] {Threei} you stated the fact of pullback... I gave it a qualifier
[10:07] {nemo} I know, couldn't help it, "asshole" gene
[10:07] {ese} it was good vodka i have to admit.....but the piece du resistance is your shiskabob vad.......unbelievable
[10:08] {Threei} ty
[10:09] {ese} thaqt should be the seminar you teach down at Freeport next January.......proper shiskabob prep and barbecue
[10:09] {Threei} lol
[10:10] {jfjf64} pol
[10:10] {nemo} what's "pol"?
[10:10] {ese} thats my question too
[10:10] {Threei} stock I'd guess
[10:10] {jfjf64} y
[10:11] {Threei} we trade some of those here, ya know
[10:11] {jfjf64} ty vad
[10:11] {Threei} no news that I see
[10:11] {Threei} noty sure why it's moving
[10:11] {ese} pol it is
[10:11] {jfjf64} or puke out loud
[10:11] {jfjf64} lol
[10:11] {nemo} that's what I was thinking
[10:12] {jfjf64} me too nemo
[10:12] {nemo} I already sol
[10:15] {dino} amag sm l .70 stop lod
[10:17] {Threei} NFLX Hearing takeover chatter circulating
[10:17] {Threei} - Amazon rumored as potential acquirer (40.62, 0.55, 1.37%) (related AMZN )
[10:23] {dino} amag stopped .46, -.24
[10:24] {nemo} I had lod at .42
[10:25] {dino} reverse slip
[10:25] {ese} L qqqq .74
[10:26] {dino} and i add, rinse
[10:27] {dino} pot sm l .50 risky
[10:28] {ese} out qqqq .81 +.07
[10:28] {magoo} AIG just has the feel vad
[10:31] {Threei} I agree
[10:31] {magoo} magoo faints
[10:31] {magoo} hits head keyboard..it buys 10k AIG long
[10:32] {ese} ok....well this is interesting......naz on it's way to being green
[10:32] {ese} early morning shakeout looks like.......
[10:34] {ese} look at the compx/ and the qqqq's
[10:37] {dino} out pot .20, +.70
[10:38] {ese} nice dino.....look at it take off
[10:38] {dino} ty, was laying out, tried to move it but too fast
[10:38] {ese} picture perfect setup.......3 X breaks resistance
[10:40] {ese} 3rd X
[10:40] {Threei} Long Setup: AIG .45 break if stays above .30
[10:40] {Threei} risky as hell
[10:40] {Threei} for adrenalin deprived only
[10:41] {magoo} u didnt say half lot
[10:42] {Threei} it formed range toght enough for a full lot
[10:42] {Threei} tight
[10:42] {Threei} risk is in its a bit random behaviour andf pssible slippage
[10:43] {dino} pwrd sm l .90
[10:43] {Threei} full lot on the other side gives more flexibility in partialling out and controlling risk if it work
[10:43] {magoo} in
[10:43] {Threei} so it kind of balances each other
[10:43] {Threei} half out
[10:43] {Threei} .62
[10:43] {ese} damn.....just missed it
[10:43] {magoo} out
[10:43] {magoo} .62 lol
[10:43] {Threei} stop to .35
[10:43] {magoo} fl
[10:44] {ese} had finger on the trigger too
[10:44] {magoo} out full
[10:44] {ese} nice one boys
[10:44] {Threei} that's 5 for 5 today
[10:44] {magoo} .62
[10:44] {Threei} can I go home?
[10:44] {magoo} was less thgan 30 secs i believe
[10:44] {magoo} no
[10:44] {magoo} lets have biggest day ever..c'mon
[10:44] {ese} wha...da...ya ....say vad.....shiskabob next sunday night too?
[10:45] {magoo} lrets make the month
[10:45] {magoo} lets
[10:56] {ese} L qqqq .02
[10:57] {ese} out qqqq .11 +.09
[11:04] {Threei} Short Setup: AIG .35 break if stays under .50
[11:09] {dino} out pwrd .25, +.35
[11:11] {vinod} in sds 59.09
[11:12] {ese} what was that about a summer rally you were talking about just before i got on the board this morning
[11:12] {Threei} every summer talking heads start talking about it as if it were given
[11:12] {vinod} summer rally is on vacation
[11:12] {Threei} this year no peep
[11:13] {ese} hmmmmmm......would be nice if today was the start of it and it took alot of them by surprise
[11:13] {nemo} aig still on the menu?
[11:14] {Threei} depends on how omnivorous you are
[11:15] {nemo} I'm a "fruitarian"
[11:15] {Threei} AIG is a meaty dish
[11:15] {nemo} it just kissed .50
[11:16] {dino} nice sds vin
[11:17] {vinod} out sds 59.26
[11:18] {dino} gj
[11:21] {Threei} no go AIG
[11:24] {jfjf64} ms monster
[11:30] {ese} L qqqq .15
[11:32] {ese} out qqqq .22 +.07
[11:34] {Threei} CIT Moody's lowers ratings four notches to B3; lowest level of junk status (1.20, -0.33, -21.57%)
[11:36] {dino} psmt l .24
[11:37] {ese} intc going nuts
[11:38] {patience} a nice bounce for you ese
[11:38] {ese} yup
[11:38] {ese} we'll see what happens to it tomorow
[11:39] {jfjf64} cof l .71
[11:39] {ese} earnings release is after close.....and i don't want to be there for that
[11:39] {nemo} AIG getting weak
[11:39] {patience} you have your sell order in yet?
[11:40] {jfjf64} no go
[11:40] {ese} also patience it had a huge amount of calls purchased on it last week.....record for one day apparently....i'm assuning thats bullish and i may make some money anyway
[11:41] {patience} guess it depends if you're going to dump it before tomorrow or hold for a longer swing
[11:42] {ese} ya for sure.....
[11:43] {patience} ese, did vad send home leftover shish kabob with you?
[11:44] {ese} no.....wish i had thought to ask for some......he's still got some if you want to go and get it
[11:44] {jfjf64} fitb gonna run
[11:45] {ese} looks like it......missed it...was watching intc
[11:48] {ese} when johnny comes marching home again hurah....hurah!!! when johnny comes................
[11:49] {jfjf64} hurah hurah when johnny hurah
[11:49] {ese} sorry ....that was definetly vodka side effects
[11:49] {ese} don't know what came over me
[11:49] {jfjf64} im gonna buy johnny j a black berry hurrah thanks to vad hurahhhhhhhhhhhhhh
[11:52] {jfjf64} ms monster
[11:55] {jfjf64} guess who on TV
[11:58] {dino} the killer of capitalism
[11:59] {jfjf64} disgrace
[12:00] {johnnyj} when broker asked for margin call and trader couldn't cover - they said forget it
[12:00] {johnnyj} obama land
[12:01] {Threei} LMT Senator McCain: Reportedly believes the White House will veto defense spending bill if Congress does not terminate F-22 program (79.50, 1.59, 2.04%)
Session Close: Mon Jul 13 12:10:46 2009

Session Start: Mon Jul 13 12:10:46 2009
Session Ident: #discussions
02[12:10] * Disconnected
02[12:12] * Attempting to rejoin channel #discussions
03[12:12] * Rejoined channel #discussions
[12:13] {jfjf64} vad hvin martini with his eggs 5/5 so far
[12:13] {ese} whos this threei guy?
[12:14] {Threei} 5/6 jf
[12:14] {dino} fictional character
[12:14] {Threei} AIG short while right idea preferred to shake out first
[12:22] {jfjf64} jpm not pullin back like all otherr finnies
[12:23] {dino} psmt stopped
[12:26] {magoo} see if i can knock vad out room again
[12:26] {dino} ady sm l .85
[12:26] {magoo} vad, we in anything here?
[12:27] {Threei} no
[12:52] {vinod} taking a nap reason is i was not here?
[12:52] {vinod} If it wasn't M Whitney's GS upgrade the whole market would be down.
[12:52] {magoo} she upgraded her g-string:)
[12:58] {magoo} c'mon..that was funny
[13:00] {vinod} yes, it was. I am having hard time concentrating here and answering a phone callit .
[13:02] {vinod} Just for pure gamble. i am buying qqq july 35 put for 0.30. i should not post it but did
[13:09] {Threei} AIG... sheesh
[13:09] {BillyD} hard to tell the resal move on it
[13:09] {BillyD} real
[13:16] {Threei} LMT US President Obama: Lockheed F-22s are not needed (79.78, 1.87, 2.40%)
[13:18] {dptl} done for today...see ya tomorrow all,have a good evening
[13:18] {Threei} take care dp
[13:19] {dino} cya dp
[13:20] {vinod} have a fun see tou tomorrow
[13:22] {BillyD} any feel for AIG Vad or just noise
[13:23] {Threei} can't tell really
[13:24] {nemo} mags look
06[13:24] * magoo slaps laserdave around a bit with a large trout
[13:25] {magoo} ty
[13:26] {nemo} yw
[13:31] {johnnyj} Threei Receives FDA Approval to Market Cherry and Cinnamon Flavored Trout
[13:31] {nemo} disgusting
[13:31] {Threei} sigh
[13:37] {_johnk3} Has this day so far been average (wrt to your trading), above or below?
[13:37] {KSystems} what symbol, johnny?
[13:37] {KSystems} want to short that one
[13:37] {magoo} for summer, today a lil better than average
[13:38] {magoo} 5 for 5 i believe
[13:38] {_johnk3} thx
[13:41] {johnnyj} KSystems, it trades under symbol AIG... market loves the concept
[13:42] {johnnyj} ever been hit with a salmon? I have
06[13:44] * magoo slaps _johnk3 around a bit with a large trout
[13:51] {johnnyj} optionn traders have given RIMM a powerful laxative
[14:00] {Threei} *JUNE MONTHLY BUDGET STATEMENT: -$94.3B V -$97BE
06[14:17] * nemo slaps larisa around a bit with a large trout
[14:17] {larisa} real gmn :)
[14:17] {nemo} hehe
[14:20] {nemo} wow even aig is trading slower than molasses
[14:22] {Threei} look at the market from 11:45 roughly
[14:23] {nemo} 3 points on the S&P
[14:23] {nemo} 6 on NAS
[14:24] {ese} i'm back.....
[14:24] {nemo} funny those ranges make me think of micr-scalps and look who shows up
[14:24] {nemo} micro
06[14:25] * nemo slaps ese around a bit with a large Zildjian Gong
[14:27] {ese} weirdly enough i was talking to someone about cymbals....and gear were going to be taking to Denmark in August.....
[14:27] {nemo} Yeah, weird for a drummer to talk about cymbals
[14:27] {nemo} dcc ese
[14:29] {_johnk3} do you guys usually trade mostly in the morning?
[14:29] {Threei} depends on the market activity
[14:29] {_johnk3} OK makes sense
[14:29] {Threei} morning was active,
[14:29] {Threei} then market flatlined
[14:29] {Threei} so did our brain activity
[14:30] {Threei} providing it ever was any different
[14:30] {_johnk3} thx
[14:30] {ese} whaaaaaaaaa
[14:30] {ese} oh ...ahem....yes....very slack this afternoon
[14:31] {magoo} vad, THE question
[14:31] {Threei} sideline...
[14:31] {magoo} no..r or r
[14:31] {nemo} You gonna' bitch Magoo?
[14:31] {magoo} i think r
[14:31] {Threei} me on sideline 'cause me thinks market sideways
[14:32] {nemo} fits your personality
[14:33] {nemo} bonds taking a beating
[14:35] {dino} ady lod
[14:35] {nemo} got quite a volume spike a couple of minutes ago
[14:36] {dino} yeah saw that
[14:46] {nemo} guess that was the bottom Dino
[14:47] {dino} looks like it, wanted low 19s
[14:48] {nemo} this last touch of 20, was DB from 10:05
[14:53] {nemo} RIMM right at bottom of box range since 11:30
[15:20] {jfjf64} vad aig vol picken up anythin there
[15:20] {ese} right then!!!!! signing off for the day.....sees yous allsa tamara
[15:21] {jfjf64} later es
[15:21] {ese} jf.....later
[15:21] {Threei} take care ese
[15:21] {Threei} can't tell jf
[15:21] {Threei} can go easy any way
[15:22] {Threei} or either
[15:22] {jfjf64} yes hv to learn that
[15:24] {dino} cya es
[15:33] {dino} ady sm l .25
[15:41] {magoo} who the good reports tonite?
[15:42] {Threei} NVLS
[15:42] {Threei} nothing more
[15:42] {Threei} well... CSX
[15:44] {Threei} CIT White House's Romer: Declines comment on whether CIT fits within the 'too big to fail' category (1.40, -0.13, -8.50%)
[15:48] {dino} depends on if cit donated to campaign, they are checking now
[15:49] {johnnyj} 4000 shares under campaign donation limits
[15:59] {magoo} amazing how shitty rIMM did with amzn aapl up big
[15:59] {patience} a happy day +1.00 in teck (tck.to)
[16:00] {dino} out ady .00 -.25
[16:01] {larisa} later :)
[16:04] {johnnyj} particularly after the rinse a few days ago
[16:05] {johnnyj} RIMM
[16:12] {magoo} reports out yet
[16:12] {Threei} Dell Inc Sees Demand Stabilization, Expects Slight Sequential Revenue Growth with Modest Margin Pressure in Q2
[16:12] {Threei} - note: on 5/28, reported Q1 R$12.3B. Q2 consensus estimate is $12.5Be.
[16:12] {Threei} - Anticipates a modest decline in Q2 gross margins, the result of higher component costs, a competitive pricing environment, and an unfavorable mix of product and business-segment demand.
[16:13] {Threei} TTWO halt
[16:13] {Threei} cuts guidance
[16:13] {Threei} Auto Task Force's Rattner to return to private sector; Ron Bloom to assume leadership of Task Force
[16:13] {Threei} - Treasury's Geithner noted that these actions are occurring due to the Govt transition away from day to day restructuring of industry towards monitoring
[16:13] {Threei} okay... let them
[16:13] {Threei} see you tomorrow guys