RealityTrader Trading Log

Friday, February 27, 2009

Feb 27 2009

The two weeks-long winning streak continued today. Wasn't an easy day by any means though - slightly up, slightly down for a good half of the day until a few good trades finally turned day green. Nothing outstanding, but I'll take it in today's directionless choppy market.

Session Time: Fri Feb 27 00:00:00 2009

[08:09] {magoo} morning
[08:12] {nemo} magus
[08:12] {magoo} nem:)
[08:22] {nemo} Seen FAZ?  I guess Obama and the rescue plan ain't cutting it this morning.
[08:26] {magoo} wish i could ca5tch one of those moves
[08:26] {magoo} catch
[08:28] {nemo} volumes are so tiny pre market.  FAS would be better on either side.
[08:38] {nemo} frickin' energizer bunny FAZ
[08:39] {Onix} gm all
[08:44] {cujo} good morning all.
[08:46] {magoo} wheres our fearless leade?
[08:46] {nemo} Good question?
[08:46] {nemo} Who's got his phone number
[08:46] {magoo} and i dont mean cujo he he
[08:47] {nemo} don't piss off the rabid dog
[08:49] {cujo} dog has a sore throat this morning....
[08:50] {patience} good morning RT  :)
[08:54] {magoo} morn patience..are u the "lone" lady in room  lol?
[08:54] {patience} what about fernp
[08:56] {Threei}  Good morning
[08:56] {nemo} Sleepy head, how are you?
[08:56] {Threei}  hmmm... OK I guess
[08:57] {Threei}  my alarm, not so sure
[08:57] {cujo} morning Vad
[08:57] {hawkfan4} morning
[08:57] {Threei}  cujo :)
[08:57] {nemo} 7.62X39 problem?
[08:58] {Threei}  not sure what that is... I am familiar with 2x4 problem
[08:58] {nemo} AKM round
[08:58] {Threei}  is it C news that kill the market this morning?
[08:58] {buyemsellem} morning
[08:58] {Threei}  buyem :)
[08:58] {cujo} morning buyem
[08:59] {nemo} only thing I see
[08:59] {hawkfan4} think so vad
[08:59] {Threei}  ty hawk
[08:59] {nemo} this GDP report might not be helping either
[09:01] {Threei}  C
[09:01] {Threei}  CEO PANDIT: WHAT WE ANNOUNCED TODAY WAS NOT EASY GIVEN EXPECTED DILUTION, BUT CONFIDENCE IS KEY AND MOVE BUILDS CONFIDENCE
[09:01] {Threei}  yup
[09:01] {Threei}  confidence is abundant
[09:01] {nemo} on trader tax, found this post:
[09:01] {nemo} Traders Tax Update
[09:01] {nemo} Here is an email I received in response to the post about the traders tax.
[09:01] {nemo} hey brian, i am a board member with the boston securities traders association. we met with congressman barney frank last thursday to discuss the ftt proposal. he assured us that it was off the table for this presidential cycle (the next 4ish years.) he said that the only way it would be enacted is if wall street doesn't pay back its share of tarp funds. our stance (obviously) is that it would be extremely detrimental to the mkt efficiency a
[09:01] {nemo} our other agenda items were the short sale ban and the uptick rule.
[09:01] {nemo} thx for all you do. i am an institutional trader covering some big mutual funds and hedge funds. you ideas are extremely insightful.
[09:01] {nemo} hope that info helps.
[09:01] {nemo} Gives us enough time to move to the Bahamas
[09:03] {Threei}  Q4 PRELIMINARY GDP ANUALIZED: -6.2% V -5.4%E; PERSONAL CONSUMPTION: -4.3% V -3.7%E
[09:03] {Threei}  whole issue is tradertax's self-hype
[09:04] {nemo} Alright, call me glass half-empty, I don't believe in a benevelent government
[09:04] {nemo} benevolent
[09:04] {Threei}  netier do I
[09:04] {Threei}  but this is not a matter of benevolence
[09:04] {Threei}  this is a matter of who benefits
[09:04] {Threei}  in this case, nobody
[09:05] {Threei}  not a first time btw... I saw different entities in our industry trying to get a lot of atention by attempting to become leaders in uniting traders againstr something
[09:07] {Threei}  one even went as far as trying to organize trader's union {G}
[09:08] {pita} gm everyone, happy Friday
[09:08] {Threei}  pita :)
[09:12] {cujo} long SH .03 small lot.
[09:12] {dino} gm all, end of days again i see. nothing like wiping our the preferred before thev common on citi
[09:12] {dino} worked so well w/fre, fnm
[09:14] {Threei}  dino :)
[09:15] {Threei}  BAC is smacked down good
[09:16] {magoo} went under 4 vad
[09:16] {Threei}  yeh
[09:16] {fernp} Hello everybody
[09:16] {magoo} i sent u a wake up email lol
[09:17] {Threei}  fern :)
[09:17] {ese} morning
[09:17] {Threei}  sigh... that was fery intursive :)
[09:17] {Threei}  ese :)
[09:17] {Threei}  be back in 6
[09:18] {dino} 6?, used to be 5, slowing down?
[09:18] {nemo} two cigarettes
[09:19] {dino} :)
[09:19] {nemo} looks like it might be a bohica morning
[09:20] {nemo} 3 more minutes
[09:20] {dino} rule 1 guys, remember it today
[09:21] {cujo} what is rule 1 again?  we don't talk about fightclub?
[09:21] {nemo} what? don't forget the money?
[09:21] {dino} you must stay in the game
[09:21] {vint} good morning all
[09:21] {cujo} got it. 
[09:21] {dptl} good morning all
[09:21] {nemo} so, keep you chin down, and duck
[09:21] {nemo} two minutes
[09:22] {nemo} one minute
[09:23] {Threei}  vint, dp :)
[09:23] {nemo} right on time
06[09:23] * Threei slaps nemo around a bit with a large chronometer
[09:23] {nemo} You should go for swiss citizenship
[09:23] {nemo} or...run the trains in Germany
[09:23] {Threei}  too much socialism
[09:24] {Threei}  although we are going rith there too
[09:24] {nemo} and...we live in what?
[09:24] {magoo} [09:24] {&Threei}  too much socialism
[09:24] {nemo} check that..and wel live in what, comrade graifer
[09:24] {magoo} gonna get worse..can we profit is all?
[09:25] {cosmo} cheer up ... i say the glass is 1/3 full
[09:25] {nemo} Do you define profit as what you make trading, or what the IRS leaves for you at the end of the year?
[09:25] {nemo} cosmo...that's because you have to give the other 2/3s to Washington
[09:26] {gen} gm all
[09:26] {Threei}  too much theory for the Friday morning...
[09:26] {Threei}  gen :)
[09:26] {gen} Vad :)
[09:26] {nemo} funny...I thought I was bitching...channeling Magoo
[09:26] {magoo} thats cause someone is tired
[09:27] {Threei}  no, that's because thinking hurts
[09:27] {dino} fslr 100
[09:27] {Threei}  let's skip first minutes guys
[09:27] {nemo} Mmmmh...I was wondering what that pain in my ass was?
[09:27] {Threei}  eqzaktly nemo
[09:27] {Threei}  it causes widespread pain
[09:28] {nemo} subtle
[09:29] {ese} fslr looks promising dino
[09:29] {cosmo} gee....as a U.S. tax payer, i must be a majority share holder in C
[09:29] {cosmo} lets see......hmmmm
[09:29] {nemo} I wonder if we'll get a dividend check...thinking again :(
[09:29] {dino} es, stay away imo it goes to 80s
[09:30] {ese} done
[09:31] {cujo} stopped SH
[09:31] {cujo} -.24
[09:32] {dino} new s/p, ndk lows
[09:32] {dino} opps ndx broke mon lows, 1018 nov low
[09:32] {Threei}  watching STT
[09:33] {dino} 8.50 ge
[09:33] {dino} rimm, vz not bad
[09:34] {magoo} any read DECK vad? murdered afterhr
[09:35] {Threei}  jumped off 24 faster than I could type...
[09:35] {Threei}  too volatile mnags
[09:35] {dino} edu's up, apol, cpla, ceco, esi
[09:36] {Threei}  C
[09:36] {Threei}  GOLDMAN ANALYST: AVOID CITI SHARES; CITI MAY NEED TO SEEK FURTHER FUNDING (TIMING UNCERTAIN)
[09:36] {Threei}  ugh STT
[09:36] {magoo} jesus
[09:36] {magoo} thats funny..lost is REALLY lost
[09:37] {cujo} c
[09:41] {cosmo} CAT bounce?
[09:41] {nemo} it bounced alright
[09:42] {cosmo} SNDA
[09:43] {cosmo} 29.50 pivot
[09:43] {cosmo} maybe
[09:44] {ese} with all the selling goin on the market ain't going that far down.....blood from a stone theory
[09:44] {Threei}  can't get a feel so far, bounce or smakcdown
[09:44] {Threei}  stomach says smackdown
[09:44] {nemo} should start showing it's hand after 10
[09:45] {Threei}  FEB CHICAGO PURCHASING MANAGERS INDEX: 34.2 V 33.0E
[09:45] {dino} same feel here vad
[09:46] {dino} sitting and waiting some more
[09:46] {Threei}  me too
[09:46] {ese} me three
[09:46] {dino} rimm, aapl, mcd green
[09:46] {dino} wmt too
[09:46] {dino} fdo, dltr
[09:46] {ese} although i have been accumulating some stocks at these levels
[09:47] {dino} gl
[09:47] {ese} eslr for one 5000 shs of it in the 2 dollar range
[09:47] {Threei}  I don't know about that one ese...
[09:47] {Threei}  it's fighting for survival
[09:48] {dino} wow, solars in this environment, gutsy move imo
[09:48] {cujo} PALM thriving
[09:48] {ese} Hero for another another 5000 shs $1.50
[09:48] {dino} orders are dropping like crazy at spwr, fslr
[09:48] {Threei}  ESLR may run out of money by the summer
[09:48] {ese} ya thats possible
[09:49] {pita} but then the sum will come out and recharge them
[09:49] {pita} sun
[09:49] {Threei}  either that, or eternal darkness will cover it forever
[09:50] {cosmo} their new cells will pick up infrared though
[09:50] {dino} you know, if obama can get interest rates up to 14%, this would be just like carter all over
[09:51] {nemo} has to happen at some point
[09:51] {Threei}  and he does have Volcker in his team
[09:51] {dino} feels familiar....and i am missing reagan
[09:51] {cosmo} i am
[09:51] {nemo} The more that things change, the more they stay the same...having said that they keep Volker on a short leash.
[09:52] {Threei}  ok, this is high time for the market to drop sharply
[09:52] {Threei}  if it doesn't, I still don't have a reliable read
[09:53] {cosmo} qqqq wants green
[09:53] {pita} watch list?
[09:53] {dino} ndx wants to fill open gap
[09:53] {Threei}  RIMM, BAC, STT
[09:54] {Threei}  from where I sit, what we have right now is retest of the high on dropping volume
[09:54] {ese} QQQQ almost has dino
[09:54] {Threei}  perfect moment for the trap
[09:54] {nemo} so the rug's about to come out?
[09:54] {Threei}  let's put it this way:
[09:54] {Threei}  if rug gets pulled now, this is the event I can read
[09:55] {Threei}  if not, it's something I have no playable scenario for
[09:55] {Threei}  FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 56.3 V 56.0E
[09:55] {Threei}  wow... we have confidence?
[09:55] {Threei}  higher than estimate?
[09:57] {magoo} quite a pullbk FAZ vad
[09:57] {ese} .3 confidence....huge man huge!!!
[09:57] {magoo} can u readd it for bounce boss?
[09:57] {Threei}  magoo, FAZ is inverted market practically at this point
[09:57] {Threei}  if I have no read on the market, same goes for FAZ
[09:58] {magoo} right..so q crash..faz bounce
[09:58] {Threei}  and spike shows that I apprently don't
[09:58] {magoo} 100 shares 5 points
[09:58] {ese} what i'm finding interesting vad is looking at the stocks this morning on trade the news that have been cut to sell.......there going nowhere infact alot of them going up ESLR for example +.02
[09:59] {Threei}  that would be bottoming scenario ese...
[09:59] {Threei}  and I honestly find it very hard to believe the bottom is found
[10:00] {ese} i'm seeing it that way.....
[10:00] {ese} could be wrong but ......
[10:06] {Threei} Long Setup:  STT  half lot .55
[10:06] {Threei}  if stays above .35
[10:07] {dino} the problem i see es, is we only have like 6 positive days a month
[10:08] {Threei}  invalidated
[10:08] {ese} funny was just looking at that.......
[10:08] {cosmo} CAT bounce seems lively ....that's my gullible read....
[10:08] {dino} and of course ,new lows lower highs
[10:08] {ese} january no better
[10:08] {dino} right
[10:08] {Threei}  good... didn't really feel easy about this trade
[10:08] {Threei}  I still prefer a good pullback
[10:08] {dino} we just go straight down w/maybe 1 up/week, if that
[10:09] {Threei}  RIMM pulling back
[10:09] {ese} lower highs for sure....
[10:09] {dino} dji (which really doesn't mean much) new lows 
[10:10] {Threei}  OK, knowing the way STT moves, watching it for serious drop
[10:10] {Threei}  25.50 at least and most likely 25, before I get interested
[10:10] {Threei}  RIMM, 39.50 zone
[10:11] {dino} the only game changer i see, is m2m
[10:11] {ese} that sell off on the 20th...3rd biggest in a year....would be historic if we had a fourth
[10:12] {dino} anything can happen....and that statement has saved me a lot of $ thru this
[10:13] {ese} and your doin much better at this than i am dino......very much respect your opinion
[10:14] {Threei} Short Setup: RIMM  .14 half lot
[10:14] {Threei}  if stays below .30
[10:15] {Threei}  invalidated
[10:16] {magoo} quote server vad pl
[10:16] {Threei}  3
[10:17] {magoo} ty
[10:17] {Threei}  RIMM setup is back
[10:17] {Threei}  same conditions
[10:18] {nemo} in and out
[10:21] {Threei}  tough action to read
[10:21] {Threei}  NASDAQ green
[10:30] {ese} how do you get kicked if you are already on
[10:30] {Threei}  .long stt .85 if stays above .70
[10:30] {Threei} Long Setup:  STT  .85 if stays above .70
[10:32] {dino} gremlins attacked
[10:32] {Threei}  I have strong feeling this thing is going to break 27 and explode
[10:33] {Threei}  little market help is needed
[10:36] {Threei}  come on market... STT is holding so well, just little push
[10:37] {magoo} in btw
[10:38] {cujo} ditto
[10:38] {pita} double ditto
[10:38] {magoo} longer it takes i like it less
[10:41] {fernp} AMAT breakdown Vad?
[10:42] {Threei}  too narrow for my taste fern
[10:42] {fernp} ok
[10:43] {Threei} Long Setup:  HIG  .11 if stays above 6
[10:47] {magoo} wheres stt stop
[10:47] {Threei}  10:30] {Threei} Long Setup: STT .85 if stays above .70
[10:47] {magoo} sorry
[10:48] {Threei}  come on already STT, you know you want up
[10:48] {magoo} in hig miester
[10:48] {nemo} Violence Va
[10:48] {cujo} in HIGgy
[10:49] {Threei}  feels more than scalp, HIG
[10:50] {Threei}  let's try to partial who is up for the game
[10:50] {Threei}  over 1:1
[10:50] {dawg} dawg out half
[10:51] {magoo} kickin STT
[10:51] {pita} HIG 1:1 ty
06[10:51] * Threei kicks everything in the rear
[10:51] {cujo} any stop trail on HIG?
[10:51] {Threei}  pita :)
[10:51] {fernp} ty
[10:51] {Threei}  6.05
[10:52] {Threei}  new high, let's make it 6/09
[10:52] {Threei}  6.09
[10:53] {dino} itt sm l .10
[10:53] {magoo} must confess..out hig .22 ty
[10:53] {Threei}  full?
[10:53] {magoo} yup from .07
[10:54] {Threei}  okay
[10:54] {magoo} may reload 
[10:54] {magoo} wanted to bank it
[10:54] {cujo} STT wants it..
[10:54] {cujo} i can taste it...
[10:55] {Threei}  needs help by market...
[10:59] {Threei}  amazing how it's holding the line in the sand eh?
[10:59] {nemo} STT?
[11:00] {Threei}  yeah
[11:00] {cujo} its a plateau
[11:00] {Threei}  well... it's a salmonish plateau
[11:00] {nemo} or diving board
[11:00] {Threei}  Geo!
[11:00] {Threei}  welcome back
[11:01] {geo} :)
[11:01] {geo} good to be home ....
[11:01] {dino} gm
[11:02] {geo} hiya dino..... left anything for me to scrape off the floor?
[11:02] {dino} only hit one so far, cautious
[11:03] {dino} deck interesting
[11:03] {dino} mant too
[11:03] {geo} cool... i am rusty....
[11:03] {geo} Ty will look
[11:03] {Threei}  no worky
[11:03] {Threei}  too bad, this one was very promising
[11:04] {Threei}  was it a shake?
[11:04] {nemo} got a spike on volume there
[11:05] {pita} interpret spike?
[11:06] {nemo} who...me?
[11:06] {pita} anyone
[11:06] {nemo} Vad...
[11:06] {Threei}  those who accumulated shares during this consolidation exited as support got broken
[11:07] {Threei}  HIG, scalpers win
[11:07] {Threei}  1;1 was all
[11:07] {magoo} I WIN I WIN
[11:07] {magoo} GEOOOOOOOOOOOOOOOO
[11:07] {Threei}  lol
[11:07] {geo} hiya magoo
[11:07] {fernp} me too
[11:08] {Threei}  those pesky scalpers...
[11:08] {magoo} thats right..fern too
[11:08] {Threei}  not only they win, they gloat too
[11:08] {fernp} and covering AMAT here +.11
[11:09] {dino} gj
[11:09] {Threei}  btw... HIG formed same setup once again
[11:09] {pita} RIMM will 40 hold?
[11:09] {Threei}  only with tighter stop this time
[11:09] {Threei}  under .05
[11:10] {dino} lol citi chairman, "this should put nationalization fears to rest"....dino replies, "yes, as it just happened"
[11:11] {Threei}  lol
[11:11] {cujo} l aapl .64 stop .47
[11:12] {Threei}  hey, president on TV in 30 minutes
[11:13] {nemo} you're kidding?
[11:13] {Threei}  no
[11:13] {cujo} nice
[11:13] {Threei}  announcement on ending war in Iraq
[11:13] {dino} short 'em all
[11:13] {cujo} really?
[11:14] {Threei}  and you thought we would get our daily fix?
[11:14] {cujo} aapl stopped -.17
[11:14] {magoo} great ..lets give terrorists a timeline
[11:14] {nemo} freedom fighters, Mags
[11:14] {dino} yeah, we just have to hide for 18 months
[11:14] {Threei}  FED'S BULLARD: ENERGY PRICE 'SHOCK' WAS MAJOR DRIVER OF RECESSION IN 2008; MUST MEASURE INFLATION BETTER
[11:14] {Threei}  - Notes that when exclude prices that are rising, the Fed loses some credibility
[11:15] {Threei}  Fed loses credibility?
[11:15] {Threei}  nooooooo!!!
[11:15] {Threei}  say it ain't so
[11:15] {Threei}  my whole world comes down crashing
[11:16] {geo} VRTX 
[11:17] {dino} pharms are getting killed by obama geo, careful
[11:17] {geo} yeah
[11:17] {magoo} vad..feels like we should enter STT again just on pllbk
[11:17] {geo} IBB was given a shound beating yesterday
[11:18] {magoo} wghich is developing
[11:18] {nemo} maybe obama isn't a communist...he's an agrarianist...at this rate only farming will be left
[11:18] {patience} that's where the money is going nemo  :)
[11:19] {geo} hiya patience.....
[11:19] {geo} hows gold treating ya?
[11:19] {dino} well, not really patience over 500k no more subsidies
[11:19] {magoo} um vad
[11:19] {Threei}  ?
[11:20] {magoo} [11:17] {magoo} vad..feels like we should enter STT again just on pllbk
[11:20] {magoo} [11:18] {magoo} wghich is developing
[11:20] {patience} institutional money moving into ags again
[11:20] {Threei}  do you see any sign of bounce?
[11:20] {Threei}  I don't
[11:20] {magoo} no..i want u on it
[11:20] {nemo} JBI on STT
[11:20] {pita} HIG?
[11:20] {magoo} u are sluggish today so im helping u out
[11:21] {Threei}  no, tyou are pushing me into trade that isn't there
[11:21] {geo} i c nothing has changed
[11:21] {Threei}  HIG is bounce xcandidate as long as it's holding above 6 pita
[11:21] {geo} sigh... good to be back and feel the love
[11:22] {hawkfan4} lol 
[11:22] {Threei}  just can't count on it without market bounce, and it just not happening
[11:22] {dino} no time for bouncy bouncy
[11:24] {geo} SYK being sold nicely too
[11:25] {cujo} i think this might be the end of the world...  I actually agree with Kudlow...
[11:25] {geo} hmmm
[11:25] {nemo} nail the windows shut lock up the belt and the shoelaces
[11:26] {geo} oh yeah... not that the canadians care...... I became a permanent US resident last week....
[11:26] {geo} is my timing off ?
[11:26] {dino}  welcome aboard geo
[11:26] {geo} TY
[11:26] {Threei}  no, it's prefect Geo, country needs more taxpayers
[11:26] {geo} lol
[11:27] {geo} oh i have been doing that since 99
[11:27] {cujo} Vad, hard to become Canadian citizen?
[11:27] {geo} now i can get it back too
[11:27] {Threei}  oh, then no one cares :)
[11:27] {geo} lol
[11:27] {Threei}  not really cujo
[11:27] {Threei}  for american I mean
[11:27] {geo} its easy cujo
[11:27] {geo} i got one in 1.5 years sitting in los angeles
[11:28] {geo} no interview nothing
[11:28] {geo} its just going to toronto for christmas scared me
[11:28] {cujo} really?  Interesting...
[11:28] {cujo} why scared you?
[11:28] {geo} not citizen ship thoug cujo... permanent residency....
[11:29] {geo} you gotta live there to be citizen
[11:29] {geo} -15 windchill
[11:29] {cujo} ouch
[11:29] {cujo} use to live in Nebraska... Same thing.  -40 at some points.
[11:29] {cujo} with the wind
[11:29] {geo} oh then youre fine :)
[11:30] {geo} beautifull city..
[11:30] {dino} same here cujo in pa
[11:30] {Threei}  I don't think market is going to stay that narrow for very long
[11:31] {nemo} well, at least Obama should move the market one irection or the other
[11:31] {magoo} beautiful girls in quebec
[11:31] {nemo} how can you tell during the winter
[11:31] {cujo} YES
[11:31] {geo} and down to earth too
[11:31] {magoo} yup
[11:31] {cujo} rode motorcycle to quebec city once.  Was nice
[11:31] {cujo} but you have to speak french or "no worky" as vad puts it...
[11:31] {geo} i thought that was vad in french
[11:33] {dino} we will all be speaking french soon as we move to their system
[11:34] {geo} comeon guys.... why so glum
[11:34] {nemo} graveyard humor
[11:34] {geo} no matter what happens... the entrepreneurs will survive
[11:34] {dino} indeed geo, it's friday, be happy
[11:34] {geo} (just make sure you have guns)
[11:35] {nemo} volume is through the roof on DOW and S&P
[11:35] {geo} riding SYK and VRTX small
[11:36] {geo} man healthcare..... AMED
[11:36] {magoo} '[11:34] {geo} (just make sure you have guns)
[11:37] {magoo} dont worry..thats next on the agenda
[11:37] {geo} crap
[11:37] {magoo} assault rifle ban already getting lip srvice
[11:38] {geo} was reading economist article on russia.... their markets down 80%
[11:38] {nemo} yeah, this time they're saying they need to reinstate it because of guns flowing to Mexico in the drug wars...please...the Mexican governement is the drug cartel
[11:38] {geo} accusing us of "infecting" them
[11:38] {nemo} when things are bad you focus on external enemies to unite the herd
[11:39] {magoo} ala hitler
[11:39] {geo} hmmm
[11:39] {geo} IBM
[11:39] {nemo} choose anybody...they all use the same techniques
[11:39] {geo} wonder why
[11:39] {Threei}  because it works?
[11:40] {Threei}  watched Wag the Dog?
[11:40] {nemo} why fix what ain't broke
[11:40] {geo} y
[11:40] {nemo} scary movie
[11:40] {geo} hey patience.... whats your outlook on gold?
[11:40] {geo} i have a spread on
[11:41] {geo} been doing option spreads more due to office hours issues
[11:42] {hawkfan4} watching V if market goes
[11:43] {_paliyad2009} look at glw
[11:43] {Threei}  spike out of nowhere
[11:43] {dino} sm l apol .00
[11:43] {magoo} ty HIG boss
[11:44] {magoo} reloaded your second call .07
[11:44] {Threei}  welcme
[11:44] {magoo} out .21
[11:44] {patience} hi geo, nice to see you back.  i'm invested and swinging gold, scalping on a good volume day
[11:44] {geo} nice
[11:46] {geo} hmm banking down  but CS rocking
[11:47] {Threei}  OK, let's assume this is a pullback before another spike
[11:48] {Threei}  looking to enter STT around .50, BAC around .50, HIG around .10
[11:51] {Threei}  pres is late
[11:51] {nemo} if no pull back stt above .75  HIG .25  BAC .65 on C&H?
[11:52] {Threei}  here is pullback
[11:52] {nemo} yep
[11:52] {Threei}  and no, breakouts is not a viable strategy for today so far
[11:53] {nemo} o.k. ty
[11:53] {nemo} duh, actually
[11:53] {Threei}  OK. STT is there, watch for market to bootom out and reverse
[11:53] {Threei}  .30 is nearest support
[11:55] {magoo} u tryingt to call a trsade i forced on u??
[11:55] {magoo} as i run for rock
[11:56] {Threei}  is it me or mahgoo is twice as tiresome today vs normal day? {G}
[11:56] {magoo} its u...im doing half as much
[11:56] {magoo} alot of vodka last nite boss?
[11:56] {nemo} tough day Vad
[11:57] {nemo} Magoo just makes it worse
[11:57] {magoo} glass houses nemo:)
[11:57] {geo} yup just the kind of day to make DLTR rise
[11:58] {nemo} yeah
06[11:58] * nemo slaps nemo around a bit with a large with a baseball bat for Magoo
[11:58] {magoo} ty
[11:58] {nemo} welcome
[11:59] {Threei}  HIG bottomed out at 6.12
[11:59] {cujo} got a piece of that STT
[11:59] {Threei}  wasn't easy to read at the moment
[11:59] {fernp} in HIG 6.14
[11:59] {Threei}  good timing fern
[12:00] {magoo} in stt .48
[12:00] {Threei}  BAC bottomed out at .51
[12:00] {magoo} bac.54
[12:00] {geo} in stt .49
[12:00] {Threei}  don't know how much room they all have, prez is coming on TV
[12:01] {Threei}  but enries are very safe
[12:01] {fernp} close HIG here at 1:1?
[12:01] {Threei}  and all are slighlty in the money, excpet HIG which is nicely in the money for its size
[12:01] {Threei}  fern... honestly, with another speech in minutes, who knows :)
[12:01] {Threei}  it doesn't have much to do with market
[12:01] {nemo} bird in hand...been a tough day
[12:02] {Threei}  but market developed reflex on prez appearances
[12:02] {geo} shoot missed .7
[12:02] {dino} lphi sm l .75
[12:03] {Threei}  this is the right way to time your entries on such day
[12:03] {Threei}  breaks would be doomed
[12:03] {fernp} out HIG +.11
[12:03] {fernp} ty Vad
[12:03] {Threei}  wqelcome :)
[12:03] {Threei}  pullback took all our stocks exactly into support zones
[12:04] {Threei}  anthem
[12:04] {Threei}  see market dropping
[12:04] {cujo} out stt =.11
[12:04] {cujo} +.11
[12:04] {nemo} what's anthem?  Rand?
[12:05] {nemo} markets basically even
[12:05] {magoo} out here .69 TY STT
[12:05] {Threei}  and here is president
[12:06] {geo} wow STT
[12:06] {Threei}  welcome mags
[12:06] {geo} exited early
[12:06] {magoo} out BAC 
[12:06] {magoo} afraid of pres
[12:06] {Threei}  welcome mags
[12:06] {magoo} nice and easy BOSS
06[12:06] * Threei slaps magoo around a bit with a large bottle of Valium
[12:07] {cujo} l GS .16
[12:07] {Threei}  market forms breakout pattern on 1 min
[12:07] {Threei}  do we trust it?
[12:07] {magoo} always goes down when he speaks
[12:08] {magoo} can change but thats pattern
[12:08] {Threei}  US PRES OBAMA: IRAQ NOT 'SECURE', ARE STILL DIFFICULT DAYS LEFT IN IRAQ
[12:08] {Threei}  - Formally announces plans to remove US troops from Iraq by 2011 (Note: Media reports earlier today issued forecast of 50K troops to remain in Iraq)
[12:08] {Threei}  - Notes combat mission in Iraq to end by Aug 2010
[12:10] {cujo} stpd GS -.20
[12:10] {magoo} man..can u imagine if during WW2 obama was pres..end WW2 by aug 1943..would have saved alot of lives
[12:10] {nemo} American's yes,  Russian no
[12:12] {geo} heheheh
[12:12] {geo} PSA and DLTR
[12:12] {geo} public storae and dollartree rising
[12:12] {geo} how apt
[12:12] {nemo} PSA will have to convert to a pawnshop at some point
[12:13] {geo} airlines mulling toilet toll
[12:14] {nemo} new uses for stomach distress bags coming
[12:14] {geo} ryanair hehehe
[12:14] {geo} lol
[12:14] {Threei}  look at UAUA
[12:14] {Threei}  what a disaster
[12:17] {Threei}  RIMM...
[12:17] {cujo} riim is a runner
[12:17] {Threei}  nice strength
[12:17] {cujo} rimm
[12:19] {Threei}  what the deuce?
[12:20] {cujo} i say
[12:20] {nemo} RIMM pullback?
[12:20] {Threei}  .50 is nearest support
[12:20] {Threei}  but with these sudden market moves, I am not sure
[12:20] {cujo} so... how's that rally you been working on....  got a compelling economic theory.
[12:21] {cujo} hmm
[12:21] {Threei}  huh?
[12:21] {cujo} sry
[12:21] {cujo} family guy
[12:21] {nemo} the tv show?
[12:21] {cujo} yeah
[12:21] {dino} stewieeeeee
[12:21] {cujo} yup
[12:22] {nemo} stewie and the dog
[12:22] {Threei}  GMAC NOTES THERE REMAINS "SUBSTANDIAL DOUBT" THAT MORTGAGE UNIT RESCAP CAN CONTINUE AS A GOING CONCERN
[12:22] {cujo} http://www.youtube.com/watch?v=cuUBgkdFMqs
[12:23] {Threei}  ah... good one
[12:23] {nemo} yeah, I remember that one
[12:23] {cujo} fav
[12:23] {Threei}  stewies rising pitch is priceless
[12:23] {cujo} yes, funny little man in little red overalls...
[12:24] {nemo} the eyebrows
[12:25] {nemo} hehehehe
[12:29] {Threei}  RIMM, .60 nearest support, worth long on market uptick
[12:29] {Threei}  also AAPL
[12:29] {Threei}  right here
[12:29] {cujo} long now or longif oulls back to .60?
[12:29] {Threei}  with stop under 90
[12:30] {cujo} got ya
[12:30] {Threei}  just safe entries near support on market pullbackl
[12:31] {Threei}  market resumes, they'll work
[12:31] {Threei}  if not, stops are very tight
[12:31] {dino} athn
[12:32] {Threei}  all we need now is customary market spike
[12:34] {Threei}  nope...
[12:34] {Threei}  wrong way
[12:35] {wulff} wulff emerges to see his shadow
[12:35] {Threei}  more winter??
[12:35] {nemo} thought that was the groundhog?
[12:35] {Threei}  it was nemo... before wulff ate him
[12:36] {nemo} ohhhhhhhhh
[12:36] {Threei}  prez is done
[12:36] {wulff} came out to check my ego
[12:37] {nemo} next support .50 on RIMM
[12:37] {nemo} ?
[12:37] {Threei}  won't hold
[12:37] {nemo} so much for that
[12:37] {Threei}  yeah
[12:37] {nemo} 30 maybe?
[12:38] {Threei}  market is selling off, wh6y guess?
[12:38] {Threei}  chart pattern got broken
[12:38] {Threei}  wait for new one to form
[12:38] {wulff} don't make me say it 
[12:39] {Threei}  AAPL, if dives sharply into 89 will be worth a try for bounce
[12:41] {Threei}  in
[12:41] {Threei}  stop under 89
[12:44] {Threei}  not liking this long pause
[12:46] {Threei}  either double bottom or breakdown and panic
[12:47] {buyemsellem} not sure if I've seen a real panic selloff yet.  I'm making some popcorn right now
[12:48] {Threei}  more looks like double bottom now
[12:48] {Threei}  AAPL needs to break .30 to make it worthwhile
[12:48] {nemo} big volume spike three minutes ago
[12:53] {Threei}  out AAPL.40
[12:54] {dawg} good call on AAPL Vad in .22 out 36 ty
[12:54] {Threei}  :)
[12:55] {Threei}  overall, empty day... slightly up, slightly down, slightly up again
[12:55] {cujo} predicition time...
[12:56] {Threei}  not sure how but it must be magoo's fault
[12:56] {buyemsellem} Are things tranquil, or is something crazy about to happen?
[12:56] {nemo} nah...my fault
[12:56] {cujo} djia -250
[12:56] {Threei}  tranquil for a while, IMO
[12:56] {Threei}  but closer to eod some action will develop
[12:57] {buyemsellem} that has certainly been the pattern the last few days, late day sell offs
[12:57] {Threei}  yeah
[12:57] {nemo} both AAPL and RIMM coming back to support...possible shorts?
[12:57] {Threei}  AAPL is good 30 cents from support
[12:58] {Threei}  can't tell really
[12:58] {Threei}  market needs to form something again for me to get a read
[12:58] {Threei}  right now it's a mess
[13:00] {wulff} AAPL to breakeven
[13:00] {Threei}  sold too soon
[13:00] {Threei}  wulff?
[13:00] {nemo} in this market..still the right strategy to scalp?
[13:01] {wulff} yes
[13:01] {Threei}  you mean you are holding it and trailing stop?
[13:01] {wulff} yep
[13:01] {wulff}  sell in 90 maybe
[13:01] {magoo} out aapl .77
[13:01] {magoo} ty boss
[13:01] {Threei}  nemo... look at intraday chart... whaddoyathink? :)
[13:01] {Threei}  welcome mags
[13:01] {Threei}  fern... this time they beat us
[13:02] {magoo} i win I WIN
06[13:02] * Threei slaps magoo around a bit with a large prescription for Prozac
[13:04] {Threei}  market chart today is a creation of 4 years old with crayon
[13:07] {nemo} Sorry, put it the wrong way...given meandering market one in hand vs. two in bush still best way to go, that's the question and what seems to make sense
[13:10] {Threei}  that's how I understood it
[13:10] {nemo} That's what I was trying to confirm...english bad.
[13:12] {Threei}  we are in holding pattern... neither side knows what to do
[13:12] {nemo} so, just skirmishes testing defenses
[13:13] {Threei}  two conflicting ways to view current action
[13:14] {Threei}  one:
[13:14] {Threei}  we conttinue getting endless strem of bad news,
[13:14] {Threei}  but market doesn't gointo state on oanic
[13:14] {Threei}  and actually holding not too bad considering the circumstances
[13:14] {Threei}  another:
[13:14] {wulff} +50 on sm AAPL
[13:15] {Threei}  with all the stimuluses, bailouts, rescues, injections, etc,
[13:15] {Threei}  market slowly but still slides
[13:15] {Threei}  latter bodes for rally in preparation,
[13:15] {Threei}  sorry, former
[13:16] {Threei}  latter bodes for capitulatory pnicky selloff
[13:16] {dino}  gj wulff
[13:16] {Threei}  I don't know where my preference is at this point
[13:17] {Threei}  kind of wait-and-see for me
[13:18] {Threei}  C looks AIGy... FNMy... FREyish
[13:19] {Threei}  and BAC looks like just delayed version of C
[13:23] {ese} have a great wekend all   see ya monday
[13:23] {Threei}  take care ese
[13:23] {ese} see ya vad
[13:23] {Threei}  US OFFICIAL: THERE ARE NO CURRENT PLANS TO ASSIST MORTGAGE FINANCING COMPANIES
[13:23] {Threei}  meaning, they are fine or we have no idea how to help them?
[13:23] {Threei}  or we gave up?
[13:24] {Threei}  pace increases
[13:24] {Threei}  although direction is not established yet
[13:24] {Threei}  kind of running nowhere very fast
[13:26] {Threei}  so,anyone has point of view on two alternatives I decsribed?
[13:26] {cujo} the mortgage question Vad?
[13:26] {Threei}  no
[13:26] {magoo} i crazy...but still think we get a bear mkt 'ally for a month to suck everyone in again
[13:26] {Threei}  previous one
[13:27] {dino} risky sm l deck .40
[13:27] {Threei}  on market in general
[13:27] {nemo} the listless slide would mirror the Depression.  A capitulation would at lesast set up for a snap back rally, but for how long?
[13:27] {_paliyad2009} beer market rally?
[13:27] {cujo} i think you have optimistic people buying thinking we are at support and we will bounce off
[13:27] {Threei}  careful paliyad... word "beer" gets magoo overexcited
[13:27] {nemo} beer or bear?
[13:27] {cujo} but i think they will be proven wrong
[13:27] {magoo} bear
[13:28] {Threei}  that's the question... bear rally or just bear
[13:28] {_paliyad2009} time for beer
[13:28] {dino} bbbbbbbbbbbeer
[13:28] {magoo} as in month up..giddy commentators..rush in buy buy
[13:28] {magoo} pow..back to this level
[13:28] {nemo} gotta' do it before sell in May
[13:28] {Threei}  see, this holding pattern can't continue for very l,ong
[13:28] {cujo} {cujo} djia -250
[13:29] {Threei}  either we rally hard or panic sets in
[13:29] {magoo} correct nemo
[13:29] {magoo} sometime in march...up we go..everyone thinx bottom s in
[13:30] {Threei}  I find myself capable of arguing both sides of the argument at this point and be very convincing, LOL
[13:30] {nemo} should we call you Janus?
[13:30] {magoo} but then pow..everyone quits
[13:30] {dino} i just don't know anymore
[13:31] {magoo} can we make good money regardless is the issue
[13:31] {dino} yes
[13:32] {nemo} need a little range though
[13:32] {Threei}  haven't we?
[13:32] {nemo} speaking about today
[13:32] {Threei}  today is finishing two weeks long winning streak
[13:32] {Threei}  today is not stellar, to be sure
[13:33] {nemo} yeah, no big deal...If you were a baseball player, they'd walk you every time you came to bat, even with no outs.
[13:33] {Threei}  GE
[13:33] {Threei}  CNBCS' FABER: CUTTING DIVIDEND TO $0.10 FROM $0.31
[13:33] {Threei}  - Designed to save $9B annually
[13:33] {nemo} How much did the get from the gov?
[13:33] {dino} and in jan. on the earnings, no dividend cut coming
[13:34] {magoo} i just wanna know how come ivana trump is single
[13:34] {magoo} ivanka
[13:34] {nemo} because she can afford gigolos
[13:34] {nemo} oh...lesbian?
[13:35] {dino} hot imo
[13:35] {magoo} she is drop dead gorgeous
[13:35] {nemo} yep
[13:35] {magoo} and rich
[13:35] {magoo} and smart
[13:35] {dino} most likely single because i am not
[13:35] {nemo} oh yeah, you let Larisa go off on vacation
[13:35] {magoo} magoo falls out of chair
[13:35] {dino} :-)
[13:35] {Threei}  see? market is confused even about this news
[13:36] {cujo} they say she graduated from wharton
[13:36] {cujo} but little known
[13:36] {cujo} she got wait listed
[13:36] {Threei}  can't decide how to evaluate it
[13:36] {cujo} didn't get in till daddy donated a lot of money
[13:37] {Threei}  brutal selling
[13:38] {dino} still hot
[13:39] {Threei}  withGE in dire straits... will CNBC survive?
[13:39] {nemo} that could be a blessing?
[13:39] {Threei}  lol
[13:39] {nemo} Hell, I don't watch it now
[13:42] {nemo} If FAS and FAZ were to stay true to form of late, they should close their gaps from yesterday's close, but that doesn't feel in the cards for some reason
[13:45] {Threei}  FED'S PLOSSER: EXPECTS INCREASES IN FED'S BALANCE SHEET, MUST HAVE CLEAR EXIT STRATEGY
[13:45] {Threei}  hmmm
[13:45] {Threei}  if Fed starts thinking of exit... what poor peasans to do
[13:46] {nemo} eat cake
[13:46] {dino} sm risky l athn .15
[13:47] {magoo} look at cnbc
[13:47] {magoo} they should cut half work force there
[13:47] {nemo} what's happening?
[13:47] {magoo} i bet each makes 100k salary
[13:47] {nemo} oh..anyway
[13:47] {dino} 250k i bet
[13:48] {nemo} they pay 8.25% to the city to start, or are the studios in NJ
[13:49] {magoo} they are so smug in this crash
[13:49] {magoo} let them feel it
[13:50] {Threei}  GE movement tells you the story
[13:50] {Threei}  meaning, market has no idea what to do
[13:50] {Threei}  news is out, look at the reaction
[13:50] {Threei}  40 cents up in a matter of seconds,
[13:50] {Threei}  70 cents down,
[13:51] {Threei}  60 cents up now
[13:51] {nemo} keep your hand out of the lawnmower
[13:54] {Threei}  MEXICO CENTRAL BANK INTERVENES IN FX MARKET TO OFFER USD TO DEALERS
[13:54] {Threei}  drug dealers?
[13:54] {buyemsellem} ha
[13:55] {buyemsellem} I don't think those dealers need any more USD, they have plenty
[13:58] {magoo} am i kere
[13:58] {Threei}  no
[13:58] {Threei}  GE... looks like verdict is coming
[13:58] {Threei}  and it's positive
[13:59] {Threei}  if pulls back under 9, wirth looking for pullback entry
[13:59] {Threei}  worth
[13:59] {Threei}  hasd potential of nice run
[14:00] {Threei}  don't call me crazy but it could be 9.50 - 9.75 area
[14:00] {Threei}  can't pinpoint entry really
[14:01] {nemo} full or half?
[14:01] {Threei}  FED'S ROSENGREN: ECONOMY TO SHRINK SIGNIFICANTLY IN 1H09; MUST SUPPORT FINANCIAL SECTOR; UNEMPLOYMENT LIKELY TO REACH THROUGH 8.5%
[14:01] {Threei}  as usual... depending on entry and how far it is from your stop
[14:02] {dino} sorry booted dsl down
[14:02] {Threei}  8.80 is strong support leve, 8.90 is interim
[14:02] {dino} anyway out deck .30, +.90, stop athn to .99
[14:02] {Threei}  nice
[14:03] {Threei}  8.97 in
[14:03] {dino} thx
[14:03] {Threei}  let's see if we get a runner
[14:03] {magoo} in 9
[14:03] {Threei}  RIMM
[14:03] {Threei}  AT&T NOTES IT HAS NO INTENT TO HALT SALES OF BLACKBERRY BOLD
[14:03] {Threei}  {T}
[14:04] {dino} hod's
[14:05] {magoo} take .17
[14:05] {Threei}  half out .15
[14:05] {magoo} drat as i typed
[14:05] {Threei}  stop .89
[14:05] {dino} athn slipped stopped .91, +.76
[14:06] {Threei}  I like GEs pace
[14:07] {Threei}  entry was nicely timed too... dropped right under 9 as told
[14:07] {Threei}  now,
[14:07] {Threei}  it's possible to just scalp it and be happy,
[14:08] {Threei}  what I am trying to do is to secure the profit and leave half to work, in order to see whether it can become a play that makes the day
[14:08] {cujo} if i missed initial, would you get in here?
[14:09] {Threei}  I think so
[14:11] {nemo} still in?
[14:11] {Threei}  yes
[14:11] {nemo} you moved stop?
[14:12] {Threei}  no... but will if it goes over 9 here
[14:12] {Threei}  to .84
[14:14] {dino} maniac markets, what was that spike
[14:14] {Threei}  losing steasm...
[14:14] {Threei}  steam
[14:15] {Threei}  come on, move your butt
[14:15] {Threei}  GE
[14:15] {Threei}  CONFIRMS CUT IN DIVIDEND TO $0.10
[14:16] {Threei}  duh
[14:16] {Threei}  market doesn't know what it wanted, confirmation or denial, lol
[14:16] {nemo} woulda' thought confirmation, so the opposite
[14:17] {Threei}  ok... .84 stop
[14:18] {nemo} hammer and tong at this level 
[14:19] {dino} ppt wearing out
[14:21] {Threei}  whatever
[14:21] {Threei}  out
[14:21] {magoo} that is why mkt blows
[14:21] {Threei}  no chance to catch that starry play today eh
[14:21] {magoo} that shoul;d have worked
[14:23] {Threei}  we gave it a chance
[14:23] {Threei}  could just as easily get nice 20 cents scalp
[14:23] {Threei}  I don't regret
[14:23] {nemo} been a consistent bird in hand day
[14:23] {magoo} good call..good setup
[14:24] {magoo} freakin mkt blows..what .20 tops but down 55
[14:24] {Threei}  - CEO: "We recognize the importance of the dividend to our shareholders and the significance of this decision, but we believe it is the right precautionary action at this time to further strengthen our Company for the long-term, while still providing an attractive dividend, continues to execute well and generate strong cash flow, even in this tough environment. We have achieved all of our capital and liquidity goals ahead of plan, including lower commercial paper, reduced leverage ratios and solid debt funding. Company has made tremendous progress in strengthening GEs balance sheet to ensure that the Company is well-capitalized and with access to ample liquidity"
[14:24] {nemo} whoa
[14:25] {Threei}  GE
[14:25] {Threei}  S&P AFFIRMS RATINGS IN LIGHT OF DIVIDEND CUT
[14:25] {Threei}  this tunrs into GE-day
[14:30] {Threei}  should have shorted .80 break and make up for the half stop, lol
[14:30] {dino} b.s. statement. they are worried about the tarp issue. must pay it off or govt will do a citi to them
[14:30] {magoo} yea..sell double on stop
[14:31] {dino} deck dropolla
[14:33] {Threei}  from the very beginning of all those bailouts there were dissenting voices saying: don't try to unclog bank lending pipes, lend directly to people and businesses,
[14:33] {Threei}  override banks,
[14:33] {Threei}  let them sort their mess out and get back in the game if and when they can
[14:33] {nemo} the banks were toast
[14:34] {Threei}  I wonder what would have happened if that path was chosen
[14:34] {nemo} ehhh...we'll never know
[14:36] {Threei}  main argument in favor is, it would be way cheaper and would have softened a blow to Main Street
[14:36] {Threei}  with credit flowing, we wouldn't have seen such a desctruction of the business
[14:36] {dino} it is all an accounting issue
[14:37] {magoo} STOP IT
[14:37] {dino} just because the market slows does not mean there is no value
[14:37] {nemo} Yes...for the short term...structural issues not only in finance/capital industry...but in economy globalization as well
[14:37] {magoo} this is a trading room u two
06[14:37] * Threei slaps magoo around a bit with a large Freedom of Speech ammendment
[14:37] {nemo} the "value" was as a result of debt...what we're finding out now is where the value really is
06[14:37] * dino slaps magoo around a bit with a large trout
[14:38] {nemo} us three
[14:38] {dino} slap him nemo
06[14:38] * nemo slaps magoo around a bit with a large with a copy of Das Kapital
[14:39] {nemo} gotta' remember how to use that thing
[14:39] {Threei}  FED'S ROSENGREN: FED LIQUIDITY FACILITIES USAGE HAS FALLEN DESPITE MARKET TURMOIL
[14:40] {Threei}  hmmm
[14:40] {Threei}  they are loaded to the gill?
[14:40] {nemo} that would make sense...
[14:42] {nemo} Boy that GE chart is neat
[14:42] {nemo} right up...right down
[14:44] {Threei}  SLM tests lows
[14:45] {Threei}  I wonder if this is not one of those shorts that just goes down day after day
[14:50] {magoo} STT read boss?
[14:50] {dino} sm l athn .05
[14:51] {Threei}  none mags
[14:51] {magoo} k
[14:51] {magoo} ge read here?
[14:51] {Threei}  sigh
[14:52] {magoo} not getting any prints on "sigh"
[14:52] {_paliyad2009} vad-bac in 4.00 out 4.06 10000 what is full and half lot thank
[14:53] {Threei}  depends on your risk tolerance
[14:53] {Threei}  calculate it this way:
[14:53] {Threei}  1. figure out how much you are willing to risk on any given trade
[14:53] {Threei}  2. find out the size of the stop
[14:54] {Threei}  derive amount of shares from that
[14:55] {_paliyad2009} thanks
[14:55] {Threei}  example:
[14:55] {Threei}  your risk toleraance is, let's say 250 bucks on a trade,
[14:55] {Threei}  you see a chart with trigger at 20, stop at 19.75
[14:56] {Threei}  that would give you 1000 shares
[14:56] {Threei}  now, if you have shart with trigger at 20 and stop at .90
[14:56] {Threei}  that gives you roughly 2000
[14:57] {Threei}  consider also possible slippage on thinner stocks
[14:57] {Threei}  mags, want low risk play?
[14:57] {Threei}  SLM
[14:57] {Threei}  .78 short
[14:57] {Threei}  stop above .85
[14:58] {magoo} wouldnt everybody want a low risk play? lol
[15:02] {dino} lol
[15:02] {Threei}  C
[15:02] {Threei}  S&P REVISES OUTLOOK TO NEGATIVE; DOWNGRADES HYBRIDS
[15:02] {Threei}  US government: thank you for this
06[15:03] * Threei hits SLM over the head with 2x4
[15:03] {Threei}  violence time
[15:03] {Threei}  nemo, help
[15:03] {nemo} I don't know if it's me the market or both, but it feels tired
[15:03] {nemo} o.k.
06[15:04] * Threei shows SLM 2x4 with rusty nails
[15:04] {nemo} Breakin' out the AK
06[15:04] * nemo empties a clip into slm
06[15:05] * nemo prepares broomstick handle
[15:05] {Threei}  sharp market drop is coming, feels like
[15:05] {nemo} wow...that was easy
[15:05] {dino} gtiv blood
[15:07] {nemo} I've got a good torture if we need it
[15:08] {Threei}  here is my dropif I am right about drop coming, FAZ is going to 63 and over
[15:08] {Threei}  ummm
[15:08] {Threei}  letme try again
[15:08] {dino} too soon
[15:08] {Threei}  if I am right about drop coming, FAZ is going to 63 and over
[15:09] {dino} your drop call is too soon imo, been happening around 3:30
[15:09] {Threei}  can't nail an entry on it with precision
[15:09] {dino} sometimes i expect too much of you
[15:10] {Threei}  sorry to disappoint
[15:10] {dino} :)
[15:10] {nemo} As I said...he'd be walked as a baseball player
[15:10] {Threei}  here is my drop
[15:10] {magoo} nice vad
[15:10] {Threei}  here is 63
[15:10] {nemo} FAS about to break resistance
[15:10] {magoo} FAZ in .40 out .75
[15:10] {dino} i am wrong it seems
[15:11] {Threei}  {--- expects full blown apology from dino
[15:11] {dino} darn patterns aren't working
[15:11] {nemo} must he prostrate himself?
[15:11] {Threei}  come on SLM, die
[15:11] {Threei}  oh, and here is "over" for FAZ
[15:12] {dino} stopped athn .65, -.40
06[15:12] * dino slaps &Threei around a bit with a large trout
[15:12] {Threei}  lol... hows that for apology
[15:12] {nemo} frankly...quite congruent for this place
[15:12] {Threei}  true
[15:12] {magoo} i'd like to apoligize
[15:13] {Threei}  uh oh
06[15:13] * magoo slaps Threei around a bit with a large trout
[15:13] {dino} by all means
[15:13] {Threei}  yeah, I knew that was coming
[15:13] {Threei}  and I walked right into it
[15:14] {Threei}  GE
[15:14] {Threei}  MOODY'S COMMENTS ON DIVIDEND CUT; RATINGS REMAIN ON REVIEW FOR POSSIBLE DOWNGRADE
[15:14] {Threei}  - Notes review has no impact on FDIC-guaranteed debt issued by GE capital which remains AAA
[15:14] {nemo} the cat must like it
[15:17] {nemo} slm doesn't want to keel over
[15:18] {Threei}  another wave of selling in development
[15:18] {magoo} just hit faz rd 2..
[15:18] {dino} good call 3rdi
[15:19] {Threei}  hmmm... and no slap with that?? out of character, dino...
[15:19] {Threei}  but thank you :)
[15:19] {Threei}  SLM gave over 1:1
[15:19] {nemo} keeps you off balance
[15:19] {Threei}  most likely not over
[15:20] {nemo} I mean the "thank you"
[15:20] {dino} lol
06[15:20] * magoo slaps Threei around a bit with a large trout
[15:20] {Threei}  lol
[15:20] {Threei}  isn't it disturbing that I feel right at home with all the abuse flying around
[15:20] {Threei}  good boy SLM
[15:20] {Threei}  covered half
[15:20] {Threei}  .66
[15:21] {Threei}  stop .81
[15:21] {Threei}  see mags? nice and easy
[15:21] {Threei}  risk lousy 8 cxents
[15:21] {dino} tough luv 3i
[15:22] {Threei}  Canadaians rejoice
[15:22] {Threei}  (CA) CANADIAN FIN MIN FLAHERTY: CANADIAN ECONOMY TO REPORT 'SUBSTANTIAL' DECLINE IN Q4 GDP
[15:24] {Threei}  hey, someone said -250 for the day earlier
[15:24] {dino} last two months, no markups
[15:24] {Threei}  who was it? fess up so I don't have to scroll
[15:24] {buyemsellem} cujo
[15:24] {cujo} that was me
[15:24] {fernp} When was your entry in SLM Vad? When lost 4.72?
[15:24] {dino} went sept-dec big markups no more
[15:24] {Threei}  [14:57] {Threei} SLM
[15:24] {Threei}  [14:57] {Threei} .78 short
[15:24] {Threei}  [14:57] {Threei} stop above .85
[15:24] {cujo} still 30 min left in the day :)
[15:25] {Threei}  I like the call cujo
[15:25] {dino} athn sm l .05 last time
[15:25] {cujo} thanks.  I'm a bear at heart.  At least till there is some actual good news to think otherwise.
[15:26] {Threei}  well, concern for bears right now is,
[15:26] {Threei}  when these guys lose all hopes and realize they have no ammo left,
[15:26] {Threei}  they'll use last resort
[15:26] {Threei}  m2m
[15:26] {Threei}  ad that could explode market like there is no tomorrow
[15:26] {dino} and i'm a dinosaur
[15:27] {cujo} yeah
[15:27] {cujo} glad i'm not holding anything long term right now
[15:27] {cujo} market too crazy
[15:27] {Threei}  with their manner to announce this kind of things, no way to tell when and in what way it happens
[15:27] {dino} its inevitible m2m, but they will waste a trillion or two first
[15:27] {Threei}  so risk to get caught is big
[15:27] {Threei}  yeah dino
[15:27] {dino} because they don't want to admit they were wrong
[15:28] {fernp} what is m2m, pls?
[15:28] {Threei}  quite possible that this market hesitance is caused by exactly this fear
[15:28] {Threei}  shorts don't want to overcommit
[15:28] {dino} mark to market fas acct. change last spring
[15:28] {Threei}  risking to be caught off guard
[15:28] {Threei}  and longs can't commit not knowing when it may happen
[15:29] {dino} used to carry at cost and if performing ok
[15:30] {dptl} have a good evening all
[15:30] {Threei}  take care dp
[15:30] {dino} cya dp
[15:31] {magoo} bye dp
[15:31] {Threei}  Ron Paul coming on CNN
[15:31] {dino} bartiroma talking shorts. the end of baer is near
[15:31] {Threei}  uh oh
[15:31] {dino} bear
[15:31] {Threei}  that's a good indicator
[15:31] {Threei}  marked the start of bull market in 2003
[15:31] {dino} ]july '03 she did the same
[15:33] {Threei}  what I don't get is:
[15:33] {Threei}  who installed M2M last spring?
[15:33] {Threei}  it's wasn't this administration
[15:33] {dino} accounting committee after enron 
[15:34] {Threei}  so why wouldn't they cull it as a spirit of change?
[15:34] {dino} cull?
[15:34] {Threei}  kill
[15:34] {Threei}  strangle
[15:34] {Threei}  suffoate
[15:34] {Threei}  smother
[15:35] {magoo} u called??
[15:35] {dino} ohh, because they don't want to admit they were wrong. politicians supported the change
[15:35] {Threei}  SLM
[15:35] {Threei}  MOODY'S REVIEWS RATINGS FOR POSSIBLE DOWNGRADE
[15:35] {Threei}  here is Ron Paul
[15:36] {magoo} whos that?
[15:36] {nemo} The only politician who knows what's going on
[15:36] {Threei}  and understands finance
[15:36] {nemo} doctor too
[15:37] {cosmo} over 4000 babies served
[15:37] {dino} served, lol
[15:37] {nemo} A Modest Proposal
[15:38] {magoo} so up down or dead herre into BELL??
[15:38] {cujo} DOWN DOWN DOWn
[15:39] {dino} mant sm l .30
[15:39] {Threei}  down... but probably not as dramartic as cujo says
[15:39] {magoo} i need 100 more
[15:39] {magoo} vad..get me it palease
[15:40] {dino} ppt end of month
[15:40] {dino} obama says open the gates
[15:41] {magoo} he doesnt care about mkt
[15:41] {magoo} he wants it 60000
[15:41] {magoo} 6000
[15:41] {Threei}  why?
[15:41] {Threei}  to get sacked even before the next election?
[15:41] {magoo} he doesnt understand
[15:42] {Threei}  that's different matter... but why would he want market down
[15:42] {magoo} short term here and now
[15:42] {dino} nobody told him pensions are stocks
[15:42] {magoo} so it looks better for him if it improves later in term
[15:43] {Threei}  I doubt that the logic
[15:43] {magoo} right now he says he inherited mess..will fix it
[15:43] {cosmo} ok, so he's in cash....
[15:43] {Threei}  if they could do anything about the market, they wouldn't allow this relentless selloff
[15:43] {magoo} hes short
[15:43] {Threei}  lol cos
[15:43] {dino} punish the speculators, he says it every day
[15:45] {dino} athn stopped done w/it
[15:55] {Threei}  positive day but tiring
[15:55] {Threei}  and struggle
[15:55] {nemo} p&q
[15:55] {nemo} have nice weekend
[15:55] {Threei}  okay guys... ending two weeks of no single losing day
[15:56] {Threei}  not too bad in this market
[15:56] {Threei}  thank you all,
[15:56] {Threei}  have a good weekend
[15:56] {Threei}  see you on Monday
[15:56] {dino}  out lphi .10, +.35 all day
[15:57] {Threei}  wow
[15:57] {Threei}  look at BAC's eod
[15:58] {dino} out mant .34, +.04
[15:59] {dino} using tarp to re-engineer society
[15:59] {Threei}  I hate all kinds of social engineering
[15:59] {fernp} have a nice weekend. see you on monday
[15:59] {Threei}  the very idea of a few guys sitting in the room and re-making economy and society...
[15:59] {Threei}  fern :)
[16:00] {dino} no checks and balances, dems control entire govt
[16:00] {magoo} ty vad
[16:00] {Threei}  mags :)
[16:00] {Threei}  well... midterm election is 2010?
[16:01] {Threei}  hopefully common sense is back till then
[16:03] {dino} ok thx all, decent week
[16:07] {vint} bye all, thanks Vad for taking us through volatile day

Thursday, February 26, 2009

Feb 26 2009

STT long and CAT short made the day nicely positive despite a few small stops. Highlight of the day was CAT stop trailing with couple educational nuggets. Pull intraday chart and follow the comments!                                                                                                                                                                                                                                                                                                                                         
Session Time: Thu Feb 26 00:00:00 2009

[07:37] {nemo} mornink!
[07:38] {Threei}  Good morning comrades
[07:38] {nemo} for the glory of the Rodina
[07:38] {Threei}  what time president speaks today?
[07:38] {nemo} Easy short
[07:57] {magoo} morning
[07:57] {Threei}  Good morning comrade
[07:58] {Threei}  [07:38] {Threei} what time president speaks today?
[07:58] {Threei}  because I am sure at one point he does
[08:00] {Threei}  wowe BAC
[08:00] {nemo} So...we're gonna' be a bit short on estrogen in the room for a while
[08:00] {nemo} yeah BAC
[08:00] {Threei}  02/25/09 11:27pm
[08:00] {Threei}  [C] Citigroup Inc Reportedly Citi's initial read of regulators "stress test" plan for US banks is positive; capital level target for US banks still unclear
[08:00] {Threei}  - US banking institutions will need to meet well capitalization guidelines of tier 1 of 6% with majority in tangible common equity under stress scenario
[08:00] {Threei}  - Says regulators will ultimately define the amount of capital needed by banks
[08:00] {Threei}  - Sees no specific guideline/target likely to be provided
[08:00] {Threei}  - Under these rules and its stress test, Bank of America and Fifth Third do not need to issue more equity.
[08:00] {Threei}  - Note: The comments are from a Citigroup research note
[08:01] {nemo} Goebbels would be proud
[08:11] {magoo} vad u liking bac pre mkt pullbks?
[08:11] {Threei}  overall, yes
[08:11] {Threei}  I just am not sujre I can read them
[08:12] {magoo} well..wheres support..5?
[08:12] {Threei}  yes, yesterday's top
[08:16] {Threei}  BALTIC DRY BULK INDEX -0.5%, 4TH STRAIGHT DECLINE
[08:24] {patience} good morning RT  :)
[08:25] {nemo} Boy...is gold taking a pasting!
[08:26] {Threei}  patience :)
[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 667K V 625KE; CONTINUING CLAIMS: 5.112M V 5.025ME
[08:30] {Threei}  *JAN DURABLE GOODS ORDERS: -5.2% V -2.5%E; DURABLES EX-TRANSPORTATION: -2.5% V -2.2%E
[08:31] {nemo} drinking yet Mags?
[08:32] {Threei}  DRYS
[08:32] {Threei}  REACHED FINAL AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800 MILLION PRIMELEAD FACILITY
[08:32] {nemo} an there it goes...
[08:34] {Threei}  scalped from .22
[08:34] {nemo} what that pause?
[08:34] {Threei}  WHITE HOUSE ADVISOR SUMMERS: POLICYMAKERS HAVE TO CONFRONT WITH "VICIOUS CYCLES," NOTES US ECONOMY IS IN MOST RAPID DECLINE SINCE WWII
[08:37] {nemo} too much pre-market exuberance...alright...so I'm a glass is half empty guy...
[08:54] {magoo} .
[08:54] {nemo} ?
[08:54] {magoo} .
[08:55] {nemo} ?
[08:55] {magoo} .
[08:55] {nemo} !
[08:55] {Threei}  you do realize I will have to edit it all after hours, right?
[08:55] {magoo} just wondering why timestamp was not saved from yesterday
[08:55] {nemo} Vad, don't tempt us like that
[08:56] {ese} good morning....
[08:56] {Threei}  ese :)
[08:58] {ese} check out a friend of mine on youtube GENE HARDY...this will get your day started off right. http://www.youtube.com/watch?v=EV2Nb97aru0
[09:00] {ese} http://www.youtube.com/watch?v=EV2Nb97aru0
[09:00] {ese} don't know if you can click on that and giet it or not.
[09:01] {nemo} yes, you can....
[09:01] {pita} morning all!
[09:01] {Threei}  hey... president on TV soon
[09:01] {cosmo} yes we can
[09:01] {Threei}  pita :)
[09:01] {nemo} Short everything!!!
[09:01] {pita} change we can believe in
[09:01] {Threei}  in about 40 minutes
[09:01] {nemo} Yeah, no change
[09:02] {nemo} pissa' right after markets open
[09:03] {Threei}  looks only logical
[09:03] {nemo} I wonder if that after hours move in FAS and morning climb have something to do with his speech?
[09:03] {Threei}  if we ended yesterday's trading session with him, why wouldn't we start today's one with him
[09:05] {Threei}  seniors making over 170K a year are going to pay more for drug prescriptions
[09:06] {Onix} gm all
[09:07] {Threei}  onix :)
[09:07] {nemo} rock :)
[09:08] {ese} you guys and gals like Gene Hardys tune on youtube
[09:08] {nemo} YEP!!!!
[09:08] {Threei}  very much
[09:08] {nemo} I have a recording of that...can't remember who by
[09:09] {ese} he has a house here in victoria and come to clinic my high school band periodically
[09:10] {dptl} good morning all
[09:10] {Threei}  dp :)
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:10] {nemo} Hey ese...I sometimes go into the student performances at Berklee.  They're usually always good, and sometimes a real surprise
[09:10] {ese} dino dp....morning
[09:11] {ese} indeed.....have done that also nemo.....i would agree....there are some surprises
[09:11] {nemo} you come to Berklee all the way from there?!!!
[09:13] {dino} let's make lotsa money
[09:13] {fernp} Hello everybody
[09:13] {Threei}  you know president is on TV about 10 minutes after open, right dino?
[09:14] {Threei}  fern :)
[09:14] {pita} you have my vote dino.
[09:14] {ese} ha ha .....no sometimes the performances are posted online\
[09:15] {dino} yes?
[09:15] {Threei}  I amnot kidding
[09:15] {dino} guy cannot even figure out to talk before open or after close. even bush got that right
[09:15] {nemo} hehehe...they have a great performance hall.  Of course, we have Symphony Hall too.  Great acoustics in both venues
[09:16] {nemo} Was it Sabine who designed Symphony Hall?
[09:17] {ese} got me there
[09:17] {Threei}  so far, watching DRYS, BAC
[09:17] {Threei}  [08:32] {Threei} DRYS
[09:17] {Threei}  [08:32] {Threei} REACHED FINAL AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800 MILLION PRIMELEAD FACILITY
[09:17] {nemo} on 5 min chart making a nice bull flag
[09:18] {dino} ok, so premarket up 100+. obama comes on 10 min. after open, market will lose 100
[09:18] {nemo} Obama might make it a very looooooooooooonnnnnnnnnnngggggggg bull flag
[09:18] {cosmo} yea...let's see if he can start a 'ally
[09:18] {Threei}  cosmo, word rally is allowed while larisa is on vacation
[09:18] {nemo} Can't have a 'ally without 'arisa
[09:18] {nemo} oh
[09:19] {cosmo} i play it safe....
[09:19] {cosmo} :)
[09:19] {nemo} she might be reading the logs
[09:19] {Threei}  we have freedom of speech back for three weeks or so
[09:19] {cosmo} exactly
[09:19] {nemo} worse than having a wife...almost
[09:19] {Threei}  be back in 5
[09:19] {dino} lol
[09:22] {cujo} morning
[09:24] {nemo} ese dcc
[09:24] {Threei}  cujo :)
[09:24] {nemo} that was only two Vad
[09:25] {Threei}  exactly 5
[09:25] {nemo} must be using metric system
[09:25] {Threei}  aadd timestamp to your mirc...
[09:27] {Threei}  dive into 4 to wtch for DRYS entry
[09:27] {nemo} full or half
[09:28] {Threei}  full
[09:28] {pita} seriously 4?
[09:28] {nemo} catch the bottom of the bungee jump, huh
[09:28] {Threei}  if we get that lucky pita
[09:29] {nemo} Obama will help
[09:29] {cujo} is there a logical stop on this yet?
[09:29] {Threei}  breakout scenario would require some consolidation
[09:29] {Threei}  not yet
[09:29] {Threei}  it's not the price per se
[09:29] {Threei}  it's the type of action
[09:29] {Threei}  sharp selling closer to 4 is desirable for entry
[09:29] {Threei}  slow slide, not so sure
[09:30] {nemo} big volume spike
[09:31] {Threei}  in any case, do not buy price itself, watch for stall pause,strength returning
[09:34] {Threei}  get ready
[09:34] {Threei}  wow BAC
[09:34] {nemo} something's out on Obama's speech already
[09:35] {Threei}  most likely won't held 5
[09:35] {Threei}  4
[09:36] {nemo} shoulda' shorted :)
[09:37] {dino} edu's getting hit
[09:37] {Threei}  still doesn't feel quite ready
[09:38] {nemo} everything pulling back
[09:38] {nemo} Obama effect
[09:38] {Threei}  ok... 4 break if not losing 3.90
[09:40] {dino} esrx
[09:40] {dino} psys
[09:41] {dino} watching apol, esi, esrx, psys
[09:41] {nemo} qs crashing
[09:41] {dino} ndx negative
[09:42] {nemo} Obama must be speaking
[09:43] {Threei}  not yet
[09:43] {Threei}  invalidated DRYS
[09:43] {fernp} it is consolidating instead bounces
[09:43] {nemo} wow
[09:44] {dino} mant
[09:44] {ese} what the heck is that little tail in the 1min qqqq....sheesh...talk about buying in low
[09:45] {ese} it's who you know isn't it.....
[09:45] {nemo} same in spy
[09:47] {nemo} So what's Obama saying
[09:47] {dino} gap around 53.50s esrx
[09:48] {cosmo} he's still on the phone i think
[09:49] {Threei}  PREVIEW: JAN NEW HOME SALES DUE OUT AT 10AMET
[09:49] {Threei}  **consensus expectation: 324Ke (-2.1%e) v 331K prior
[09:49] {Threei}  - most estimates range between 300K and 350K
[09:49] {Threei}  **note: Dec New Home Sales was at a record low 331K, and the months of supply in Dec stood at 12.9, a record high.
[09:49] {dino} late as usual
[09:49] {nemo} Blackberry you mean?
[09:49] {dino} psys getting extreme
[09:50] {cosmo} not sure ... i know its not a rotary
[09:50] {cosmo} ...dial
[09:51] {ese} what do you make of PSYS dino
[09:52] {dino} crazy, :)
[09:52] {dino} feels like one more whoosh lower, but conference call at 10:00 am
[09:53] {ese} yuk yuk yuk 
[09:53] {dino} mant i like, good report, guidance up
[09:53] {Threei}  MRVL two days high
[09:53] {dino} esrx was good too, so???
[09:53] {ese} lets just have a glance at mant
[09:53] {dino} fslr wants that 100 i mentioned yesterday
[09:53] {dino} please do es
[09:54] {nemo} Everything looks so tentative
[09:54] {Threei}  yeah, a lot of hesitance
[09:55] {cosmo} bush flash backs
[09:55] {dino} well, as fire marshall bill would say....
[09:55] {Threei}  LVS?
[09:55] {Threei}  I don't see news
[09:56] {nemo} maybe the Mob is buying Adelstein out?
[09:56] {dino} "let me tell ya something, you have match and gasoline, explosive situation"
[09:56] {nemo} He lives up here outside of Boston
[09:56] {nemo} who said that Dino
[09:56] {nemo} Hell, my breath is like that by 10 every night
[09:56] {dino} lol
[09:57] {nemo} Mags probably by 3 in the afternoon
[09:57] {nemo} here it comes
[09:57] {dino} jim carey, old sat. night live 
[09:57] {nemo} or was that living color...Fire Marshall Bill
[09:57] {Threei}  PRESIDENT OBAMA: THE 2009 BUDGET IS AN "HONEST ACCOUNTING" OF THE COSTS AND HARD CHOICES AHEAD
[09:57] {nemo} precursor to Pet detective
[09:57] {nemo} HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAH
[09:58] {dino} lol
[09:58] {nemo} ROFLOL
[09:59] {nemo} Is "Honest Accounting" especially when uttered by a politician, an oxymoron?
[09:59] {ese} he seems to have the "Gift of the Gab"
[09:59] {nemo} absolutely...fantastic orator...that's why he talks everyday.  He could run a wind turbine all by himself
[09:59] {ese} he doesn't really say things that piss the market off....like you know who and the new illustrius fed chairman
[10:00] {magoo} vad..we in anything?
[10:00] {Threei}  JAN NEW HOME SALES: 309 V 324KE (% M/M)
[10:00] {Threei}  no
[10:00] {Threei}  (-10.2% M/M)
[10:00] {Threei}  - Median sales price: $201,100 v $ m/m (-13.5%)
[10:00] {Threei}  - New Home months of supply: 13.3 v 12.2 months m/m (a record high)
[10:00] {Threei}  - prior New Home Sales revised from 331K to 344
[10:02] {ese} up......hmmmmmmm
[10:03] {dino} risky, sm l esrx .35
[10:03] {nemo} where's support Dino?
[10:04] {dino} stop is .96
[10:04] {Threei}  .long rimm .40 break if stays above .25
[10:05] {Threei} Long Setup:  RIMM  .40 break if stays above .25
[10:05] {dino} coin flip nemo
[10:06] {cujo} in
[10:06] {dino} stopped
[10:07] {dino} -.39
[10:07] {dino} gap filling
[10:07] {Threei}  no worky
[10:07] {cujo} stopped
[10:08] {nemo} stopped
[10:08] {Onix} stppoed
[10:08] {ese} vads bollinger bands tightening on PSYS dino ...will go long or short depending on which side it breaks through
[10:09] {dino} let me know es
[10:09] {Threei}  STT holding close to day high
[10:10] {ese} long 21.36 or short 20.94
[10:13] {ese} s .92 1/2
[10:14] {nemo} DRYS coming in for a double bottom?
[10:14] {dino} nice es
[10:14] {hawkfan4} WFC nice consolodation
[10:14] {ese} cover .56
[10:15] {Threei}  hawk :)
[10:15] {dino} gj
[10:15] {ese} +.36 psys
[10:15] {hawkfan4} good morning :)
[10:15] {ese} tks
[10:16] {fernp} morning hawk
[10:16] {ese} worked like a plan.....used upper and lower limits of B bands
[10:16] {ese} pressure still down
[10:16] {hawkfan4} fern :)
[10:18] {dino} waiting 19.61
[10:19] {dino} mant sm l .09
[10:22] {dino} psys sm l .61 risky
[10:26] {dptl} .
[10:28] {Threei}  WHITE HOUSE SEE CUMULATIVE US DEFICIT OF $3.8T DURING 2010 TO 2014 PEROID
[10:28] {nemo} Eh..so what...world's ending in 2012
[10:29] {_paliyad2009} good moring
[10:29] {Threei}  morning paliyad
[10:30] {dino} out psys .35, + .74
[10:30] {cujo} great trade dino
[10:31] {dino} ty
[10:31] {dino} lucky entry
[10:31] {dino} never thought it would get there
[10:32] {Threei}  DRYS should change the symbol to POS, don't you thinkl
[10:32] {cujo} yes
[10:32] {magoo} man..i was just thinking that
[10:33] {cujo} but i prefer FNPOS
[10:33] {fernp} ADBE breaking down
[10:33] {magoo} just go to zero and get kicked out of naz will ya
[10:35] {cujo} ss adbe .97
[10:35] {dino} esrx big old rinse
[10:36] {dino} ouch esi
[10:38] {cujo} stoped
[10:38] {Threei}  STT
[10:38] {Threei}  half lot long
[10:38] {Threei}  29 break
[10:38] {Threei}  stop under .80
[10:39] {dino} vz finally gets thu .00
[10:41] {dino} esi es?
[10:41] {Threei}  in aggresively
[10:41] {Threei}  .89
[10:41] {Threei}  .75 stop
[10:41] {magoo} .93 here
[10:42] {dino} out mant .48, +.39
[10:43] {Threei}  held by fingertips
[10:43] {dino} psys new lows
[10:43] {dino} that why we are not greedy in this bear
[10:44] {cujo} still looking for 29 break Vad?
[10:44] {Threei}  10:41] {Threei} in aggresively
[10:44] {Threei}  [10:41] {Threei} .89
[10:44] {cujo} yes but i mean target wise, or is it just a scalp?
[10:45] {Threei}  oh
[10:45] {Threei}  no, I think it's capable of more
[10:45] {dino} meds, bios not participating
[10:45] {Threei}  half out.20
[10:46] {Threei}  stop to under .90
[10:46] {Threei}  next target is around .40 - .50
06[10:48] * Threei kicks STT in the rear
[10:48] {Threei}  time for violence
[10:48] {Threei}  it's working and it's fun
[10:49] {Threei}  stop to under 29
[10:49] {magoo} out .40 TY 
[10:49] {Threei}  wecome sir
[10:50] {Threei}  second target hit
[10:50] {dino} strange rally, education, meds., rimm, mcd, wmt not participating
[10:50] {Threei}  out
[10:50] {Threei}  .43 and .45
[10:50] {fernp} ty Vad
[10:50] {Threei}  life looks brighter
[10:50] {Threei}  fern :)
[10:51] {magoo} vad..we should reload it..feels much higher
[10:51] {dawg} great call Vad ty
[10:51] {Threei}  dawg :)
[10:51] {Threei}  cujo, you out yet?
[10:52] {cujo} y
[10:52] {cujo} trailed stop on my last piece
[10:52] {dino} out vz leftover .99, +.29
[10:52] {Threei}  okay... market is pulling back rather hard
[10:52] {Threei}  and STT is up 3.50
[10:52] {cujo} great call.  thanks.
[10:52] {Threei}  risk is way too high here
[10:53] {Threei}  BAC consolidates close to hod, forms ascending triangle
[10:53] {dino} ipcm drop
[10:54] {dino} what happened, obama talk again
[10:55] {Threei}  not that I know but I am sure we may get another speech before this trading session is over
[10:55] {dino} egomaniac
[10:57] {Threei}  not going to be an easy trade and it's kind of 51/49
[10:57] {Threei}  so see if you like it
[10:57] {magoo} IN
[10:57] {Threei}  and consider it discretionary
[10:57] {magoo} IN
[10:57] {Threei} Long Setup:  BACK  .88
[10:57] {magoo} ??
[10:57] {magoo} BAC
[10:57] {magoo} BACK?
[10:57] {Threei}  sigh
[10:57] {Threei}  BAC
[10:57] {nemo} full half
[10:57] {Threei}  if stays above .78
[10:58] {Threei}  if sets up from here, stop under .80
[10:58] {Threei}  look at its liquidity and size of stop nemo... what do you think?
[10:58] {nemo} double
[10:58] {nemo} full
[10:59] {ese} dino....sorry i didn't check out esi....was away from the computor
[11:00] {Threei}  my take:
[11:00] {Threei}  if you want to play doluble on this kind, do not buy it all on break
[11:00] {Threei}  it makes a lot of pullbacks,
[11:00] {Threei}  buy 1 lot on a trigger,
[11:00] {Threei}  and add second on pullback
[11:00] {nemo} umbrella
[11:01] {Threei}  kind of, yeah
[11:01] {Threei}  modification of it
[11:01] {dino} grrrr had bid esi 109.09, whoosh takes it from 111 to 109.89, not enough
[11:02] {nemo} financials look like they might still pull back
[11:03] {Threei}  market got smacked
[11:03] {nemo} Obama must be in the bathroom
[11:04] {dino} lol
[11:05] {nemo} see the order issue with EDGE and possibly other ECNs?
[11:06] {dino} psys new low
[11:06] {cujo} no worky
[11:08] {Threei}  market is badly confused
[11:08] {nemo} nice to have company
[11:08] {Threei}  (no wonder though)
[11:08] {Threei}  with so many mixed signals, anyone is
[11:09] {Threei}  Orszag is talking now
[11:09] {nemo} kinda' like trying to pick up a woman in a bar and then you find out she's a lesbian
[11:09] {Threei}  OMB DIRECTOR ORSZAG: PROPOSES CAPITAL GAINS TAX INCREASE TO 20% - TV
[11:09] {patience} laughing
[11:10] {nemo} That's funny...it's only 15% on LT anyway
[11:10] {dino} yuk!
[11:10] {nemo} what's yuk for Dino?
[11:11] {Threei}  RESTORING TAXES FROM CLINTON ERA; SEEKING $1T TAX INCREASE ON HIGH EARNERS AND COMPANIES
[11:11] {Threei}  - Continues favorable dividend on corporate dividend
[11:12] {Threei}  lol... "families making more than 25K a year will be asked to pay more taxes"
[11:12] {Threei}  asked?
[11:12] {Threei}  can they refuse?
[11:12] {cujo} 250K
[11:13] {Threei}  250, yes
[11:13] {Threei}  US HOUSE REPORTELY EVALUATING POSTPONEMENT OF VOTE ON HOUSING BILL INCLUDING PROVISIONS FOR 'CRAMDOWNS'
[11:13] {dino} will be "asked" ?
[11:13] {dino} just say "no"
[11:13] {Threei}  that's what he said
[11:14] {cujo} personally think it is the wrong time to ask for more taxes from anyone.  Didn't he say no new toxes first year in office in light of economic condition during campaign?
[11:14] {dino} tax cuts for all i thought
[11:14] {Threei}  nope... for 95%
[11:14] {dino} then again, he wanted a balanced budget too
[11:14] {nemo} Taxes always go up in recessions because the government has to keep running even if you can't
[11:15] {dino} no, not under reagan
[11:15] {dino} supply side
[11:15] {cujo} i'm kinda concernes with the new tax treatment of hedge funds
[11:15] {cujo} concerned
[11:15] {cujo} all taxed at reg income regardless of holding period seems like a double standard.
[11:17] {Threei}  - Tax burden for hedge funds to private equity would almost triple.
[11:17] {cujo} yeah
[11:17] {dino} they will find a way around it
[11:18] {dino} any news rimm?
[11:18] {Threei}  no
[11:18] {cujo} not sure how that would trickle down to the general public but i'm sure it will not be good for NYC. 
[11:18] {Threei}  Seinfield: it's not going to be good for anyone
[11:19] {nemo} or NJ...they got a significant portion of its revenue from Wall Street
[11:19] {Threei}  farms earning 500K a year lose subs'idy
[11:19] {cujo} yeah, NJ as well.
[11:20] {Threei}  watching CAT
[11:20] {Threei}  if market firmly decides on downward, 25 breakdown will be a short trigger
[11:22] {ese} outta here for the day all....have a good one
[11:22] {Threei}  take care ese
[11:22] {ese} see ya vad
[11:23] {Threei}  BA
[11:23] {Threei}  DROPPING PLAN TO BUILD NEW CARGO PLANE FOR US ARMY AND AIR FORCE
[11:23] {fernp} SLM - DJ reports the Obama administration would end fees paid to banks that provide loans to students, all student loans would be administered through the Education Department's direct lending program
[11:24] {fernp} look at SLM
[11:25] {Threei}  yikes
[11:26] {nemo} Vad, what?
[11:26] {Threei}  looked at what fern suggested to look
[11:26] {Threei}  nightmares are made of this stuff
[11:27] {nemo} Oh jeesus FNM FRE all over again
[11:27] {Threei}  SLM is GSE too?
[11:27] {nemo} yes
[11:28] {Threei}  lol... short at will?
[11:28] {nemo} How do you short 0
[11:28] {Threei}  SLM?
[11:28] {Threei}  5.56
[11:28] {nemo} I know...joke
[11:29] {Threei}  OMB'S ORZAG: NO PLANS TO ASK CONGRESS FOR ADDITIONAL FUNDS, $250B FIGURE IS A 'PLACEHOLDER', WILL NOT NECESSARILY BE USED
[11:29] {nemo} This is probably a precursor to what they'll do with FNM an FRE
[11:29] {cujo} stop on that CAT .14-.16 area?
[11:29] {Threei}  yeah
[11:31] {Threei}  SLM breakdown
[11:32] {dino} mcd sm l .50
[11:34] {Threei}  if SLM loses this .30...
[11:34] {Threei}  lost
[11:34] {magoo} i bet mkt tanks today
[11:35] {magoo} yesterday...although we all acted like it was a green day..actually closed red appx.85 down
[11:36] {magoo} so down mon hard...up 223 tues...down wed 85
[11:36] {Threei}  it was a green day and we acted like that,
[11:36] {Threei}  it tanked on last minutes on sudden p;rez appearance
[11:36] {magoo} still sold
[11:36] {magoo} my point
[11:36] {Threei}  my point is we ated right
[11:36] {magoo} we were nmot even up 2 days
[11:37] {Threei}  SLM chases FNM/FRE
[11:37] {Threei}  ty fern
[11:37] {nemo} gonna be cell mates
[11:37] {fernp} shorted .40
[11:37] {Threei}  wtg
[11:37] {dino} gj
[11:38] {dino} i was afraid of it
[11:38] {nemo} me too, but I'm loaded in CAT so didn't matter
[11:39] {nemo} see tck today?
[11:40] {Threei}  feels like freefall in cards
[11:40] {pita} CAT short?
[11:41] {Threei}  it already triggered
[11:41] {dino} free fall? look at apol, esi, ceco, cpla
[11:41] {Threei}  I mean market in general
[11:41] {Threei}  has rthis cascading feel to it
[11:41] {magoo} [11:35] {magoo} i bet mkt tanks today
[11:42] {Threei}  yes mags...
[11:42] {Threei}  I intentinally ignored that in order to make you scroll up, copy and paste later
[11:42] {fernp} SLM stooped 5.01 +.39 
[11:42] {Threei}  our of genreal meaninglness
[11:42] {Threei}  wtg fern
[11:42] {Threei}  CAT 1:1
[11:43] {Threei}  half out
[11:43] {Threei}  not a scalp for me
[11:43] {Threei}  and here comes my cascade predicted by magoo
[11:43] {buyemsellem} keep us posted on stop moves for the CAT, please
[11:44] {magoo} where u short CAT?
[11:44] {buyemsellem} (half out)
[11:44] {Threei}  25.05 stop now, buyem
[11:44] {buyemsellem} thanks
[11:44] {Threei}  [11:20] {Threei} watching CAT
[11:44] {Threei}  [11:20] {Threei} if market firmly decides on downward, 25 breakdown will be a short trigger
[11:45] {Threei}  you really need to take me off ingore?
[11:46] {dino} huh? you say something?
[11:46] {Threei}  1:2 CAT practically, let's cover 1/4 more
[11:47] {Threei}  lol dino
[11:47] {Threei}  stop is 25.01
[11:48] {dino} oh mannnnnn, aspol, wanted 69.60, look now.
[11:48] {dino} apol
[11:49] {Threei}  next leg down is coming
[11:51] {dino} esi v sm l .60 wide risky
[11:53] {pita} gotta little CAT ty
[11:55] {Threei}  :)
[11:58] {_paliyad2009}  CAT 1:1 meaning please
[11:58] {Threei}  risk reward ratio
[11:58] {dino} sm l cpla .40
[11:58] {Threei}  withintial stop being 15 cents, 1:1 is reached at 15 cents profit
[11:58] {Threei}  1:2 at 30
[11:59] {_paliyad2009} thanks
[12:01] {magoo} STT here vad?
[12:02] {Threei}  not sure
[12:03] {Threei}  SLM... .80 break half lot short
[12:03] {Threei}  stop above .95
[12:04] {cujo} in SLM
[12:04] {Threei}  a bit too volatile, so half lot
[12:06] {Threei}  die already you SLiMe
[12:07] {cujo} SLiMe
[12:08] {dino} forgot order, sm l ..45, mant
[12:10] {magoo} mkts trying again bodss
[12:10] {magoo} boss
[12:11] {Threei}  I don't feel like going long at all
[12:11] {magoo} well u may just HAVE too lol
[12:11] {Threei}  SLM no worky
[12:14] {cujo} VAD, ss KO .90?
[12:16] {Threei}  if market resumes down, why not
[12:16] {cujo} stop .98 level?
[12:16] {dino} mant stopped -.46
[12:16] {Threei}  above 42
[12:17] {cujo} got it. 
[12:17] {cujo} Thanks. 
[12:17] {cujo} ss .90
[12:17] {buyemsellem} still have the CAT stop at 25.01?
[12:17] {dino} ouch afam, amed
[12:18] {dino} out cpla .90, +.50
[12:18] {Threei}  yes, will trail it with new low
[12:18] {dino} most likely soon, but market dropping
[12:19] {buyemsellem} OK
[12:19] {dino} i suppose w/obama having already killed financial, the medicals were obviously his next target
[12:25] {buyemsellem} and we have a new low in CAT
[12:25] {Threei}  whcih is beautiful
[12:25] {buyemsellem} indeed
[12:25] {Threei}  now, have a look at chart
[12:26] {buyemsellem} .81?
[12:26] {Threei}  and tell me where you would place new stop
[12:26] {buyemsellem} 24.81
[12:26] {Threei}  why... .90 was high of the bounce
[12:26] {buyemsellem} I see, .91
[12:26] {Threei}  .80 is possible,
[12:26] {Threei}  but way too aggressive
[12:26] {buyemsellem} .91 more conservative, cool
[12:26] {Threei}  too easy to get shaken out
[12:26] {buyemsellem} yup
[12:26] {Threei}  so, it's kind of personal prefernce
[12:27] {buyemsellem} got it
[12:27] {Threei}  some want to give it a bit more room and try to maximize the profit,
[12:27] {Threei}  some want to save every cent earned
[12:27] {Threei}  but we are cascading again
[12:27] {Threei}  and there is no slightest sign of market being supported
[12:27] {cujo} ko isn't dropping with mkt
[12:27] {buyemsellem} I'm going to try the conservative route, I'll be happy with the result either way
[12:27] {Threei}  I say let it drop
[12:27] {cujo} makes me worry
[12:28] {cujo} little bit...
[12:28] {Threei}  me thinks you worry too much...
[12:28] {Threei}  10 cents stop, come on
[12:28] {cujo} you know me well...
[12:29] {Threei}  this kind of stops shouldn't cause even normal blnking, not speaking of excessive
[12:29] {Threei}  and if you are uncomfortable with its behaviour, just scratch the trade
[12:30] {Threei}  how nice of CAT to reach 1:3
[12:30] {cujo} very nice.good kitty
[12:34] {dino} cpla sm l .30
[12:36] {dino} well that entry sucked
[12:39] {Threei}  (RU) RUSSIAN GOVT IS REPORTEDLY MULLING SPECIAL FUND TO POOL DISTRESSED BONDS
[12:39] {Threei}  a lot of reports lately about coming Russia/Ukraine financial troubles
[12:40] {dino} still messing w/those czar bonds huh, :)
[12:40] {Threei}  well, you know how they joked about major fault of the last czar...
[12:41] {dino} western european bank are going to get hurt by them
[12:41] {buyemsellem} what's that?
[12:41] {Threei}  "he left food for only 70 years"
[12:42] {Threei}  CAT:
[12:42] {Threei}  if drops to .60 from here, stop can be trailed to .81
[12:42] {buyemsellem} got it
[12:42] {Threei}  see lower BB coming into .60?
[12:42] {Threei}  the idea now is:
[12:42] {buyemsellem} yes
[12:43] {cujo} Vad can i move stop oon KO to .92?
[12:43] {Threei}  if it comes into lower BB and finds support there without making new low, it's time to trail tighter to preserve profit in case of double bottom
[12:43] {Threei}  absolutely cujo, you are around 1:1
[12:43] {buyemsellem} ok, i see, thanks
[12:44] {cujo} yup. just got out 1/2
[12:44] {cujo} 1/3
[12:44] {Threei}  and you wanted to dismiss the trade
[12:45] {Threei}  Isay let them work
[12:45] {Threei}  keep the plan
[12:45] {cujo} i didn't want to tell you, but i have a coke problem
[12:45] {cujo} jk of course
[12:45] {dino} the soda i hope
[12:45] {cujo} yes another pun gone wrong
[12:46] {Threei}  stop to .81 CAT
[12:47] {buyemsellem} ok
[12:51] {Threei}  see how it formed typical double bottom with higher low?
[12:51] {buyemsellem} yeah, that's a signal of reversal?
[12:52] {Threei}  not definite yet,
[12:52] {Threei}  but the reason to trail stop tighter for sure
[12:52] {buyemsellem} yep
[12:53] {Threei}  let me try and put it this way
[12:53] {cujo} stop on KO moved to .88
[12:53] {Threei}  no development is for sure,
[12:53] {Threei}  but each is a kind of test
[12:53] {buyemsellem} of course
[12:53] {Threei}  CAT tested the support and held it
[12:53] {Threei}  not good for downtrend continuation, right?
[12:54] {Threei}  now it has to test the resistance,
[12:54] {Threei}  if it breaks it, no reason to stay short
[12:54] {buyemsellem} right
[12:54] {Threei}  if it fails the test of resistance, it won't have proved itself to reverse
[12:54] {Threei}  thus short is intact until new test results come in.
[12:57] {buyemsellem} well, that .80 area has certainly proven to be resistant thus far
[12:58] {Threei}  yup, shows that trailing stop to it is reasionable step
[12:59] {cujo} out KO .78
[13:01] {Threei}  small profits add up
[13:01] {cujo} yeah
[13:01] {cujo} happy with trade
[13:01] {cujo} just s little over 1:1
[13:07] {pita} later all
[13:07] {cujo} ss bac .52
[13:08] {Threei}  SLM
[13:08] {Threei}  SSUES STATEMENT
[13:08] {Threei}  - CEO: "In 2008, we worked closely with Congress and the Administration to ensure continued access to federal student loans at no increase in cost to taxpayers. Through our loan delivery systems and financial resources, we committed to make federal loans to every eligible student at every school in the country. We are proud that in this economic crisis, we provided more loans to more students than ever before, and we did it using lower-cost federal funding similar to what is being proposed today We look forward to bringing these same resources to the table to help the Administration and Congress achieve their objectives.
[13:08] {Threei}  - As more details emerge in the weeks and months ahead, we will continue to work with the Administration and Congress to implement the best solution for students, schools and taxpayers. We stand ready to continue to deliver student loans that best meet families needs. We are committed to delivering and servicing federal student loans, regardless of their funding source. "
[13:10] {cujo} out 1/2 .42
[13:11] {Threei}  cat stop to .71
[13:11] {Threei}  1:3 and counting
[13:11] {buyemsellem} very nice
[13:12] {fernp} wonderful trade. great lesson Vad
[13:12] {Threei}  :)
[13:14] {magoo} surprisesurprise red
[13:14] {cujo} Bac out full for small scalp (+.10)
[13:25] {wulff} What's the read on the afternoon? hard to tell
[13:26] {Threei}  depends on the timing of the next speech
[13:26] {wulff} mine?
[13:26] {Threei}  lol
[13:27] {Threei}  sorrty but I meant a little more influential person :)
[13:27] {Threei}  no offense :)
[13:30] {wulff} I am very influencial among my peeps
[13:30] {Threei}  ok, then please tell me stocks are among your peeps
[13:30] {Threei}  we will make a fortune in two days and retire
[13:32] {buyemsellem} If CAT goes down from here you should use this trade to make a DVD about trailing stops
[13:32] {buyemsellem} textbook
[13:32] {wulff} privilaged information
[13:33] {wulff} in RIMM .20
[13:33] {magoo} .19 here
[13:33] {Threei}  SWEDISH PM: GM MUST KEEP SAAB OR FIND A NEW OWNER TO GAIN ACCESS TO GOVT LOANS
[13:34] {dino}  lol, nobody wants it
[13:35] {wulff} my wife does
[13:43] {Threei}  CAT done
[13:43] {wulff} out of the woods MAgoo
[13:43] {jmb} Thanks Vad CAT
[13:43] {Threei}  welcome :)
[13:44] {buyemsellem} that was fun
[13:44] {Threei}  and profit
[13:44] {Threei}  and it's legal??
[13:44] {Threei}  sheesh
[13:44] {dino} cpla  out .10, +.80
[13:44] {buyemsellem} ha
[13:45] {cujo} gs pullback to .50?
[13:45] {cujo} didn't happen 
[13:45] {Threei}  if it pulls back, most likely will bottom just under .50
[13:45] {cujo} got ya.  Will keep an eye on it. 
[13:46] {magoo} out rimm .38
[13:46] {wulff} gj
[13:47] {cujo} good one Wulff
06[13:47] * Threei slaps magoo around a bit with a large suggestion to moderate this combination of fun ad profit lest gods get angry. Either sulk while making money or have fun while losing.
[13:47] {magoo} OY
[13:47] {magoo} lol
[13:48] {magoo} rimm really powerless today
[13:48] {magoo} tech inm general i guess
[13:49] {magoo} STT VAD..read here
[13:49] {magoo} 27.50 holds well
[13:50] {Threei}  I don't like buying breaks on STT
[13:53] {Threei}  watch GS off .40 or so
[13:53] {cujo} went in .53
[13:53] {Threei}  if market resumes, it's likely to return to 94 and break it
[13:56] {Threei}  took .43
[13:56] {cujo} nice entry
[13:57] {Threei}  half out .72
[13:57] {cujo} went to the well twice. Couldn't bring myself to go in again.
[14:00] {Threei}  out balance
[14:16] {Threei}  now, this is news worth a whole headline
[14:16] {Threei}  RAI
[14:16] {Threei}  URGES STATE OF NORTH CAROLINA TO EXEMPT BARS & NIGHTCLUBS FROM STATE-WIDE SMOKING BAN
[14:17] {magoo} and mkt will tank on it lol
[14:18] {Threei}  sideways action... can't get a feel for the hext direction
[14:19] {magoo} gun to head .51 % up
[14:19] {dino} sm l psys .50
[14:21] {dino} oh man, hate to see what would happen if mant missed and lowered
[14:24] {dino} psys stopped -.32
[14:24] {dino} done w/it, off screen
[14:26] {Threei}  see RIMM big offer .03?
[14:26] {Threei}  long if it's taken
[14:26] {cujo} i think i'm missing total book
[14:27] {magoo} vanished
[14:27] {cujo} stop under 40?
[14:27] {cujo} .90
[14:27] {Threei}  .95
[14:27] {cujo} got ya
[14:29] {Threei}  he is back
[14:30] {Threei}  out
[14:30] {Threei}  FDIC: TROUBLED BANK LIST GREW TO 252 IN Q4 FROM 171 IN Q3
[14:34] {Threei}  - Deposit insurance fund lost $15.7B in Q4, net charge off rate for US banks is at highest ever, reserve ratio for deposit insurance fund at lowest since 1993
[14:34] {Threei}  - Problem Bank assets at $159.4B v $115.6B q/q
[14:34] {Threei}  - Q4 Banks losses at $26.2B (first quarterly loss since Q41990)
[14:35] {dino} random action all day
[14:36] {dino} heck, aig was more than that
[14:38] {dino} out esi 109.74, +1.14 v sm
[14:41] {Threei}  NEW YORK STATE GOVERNOR SENDS LETTER TO US TREASURY REQUSTING AID FOR BOND INSURERS
[14:46] {dino} esrx may have bottomed
[14:49] {dino} mant sm l .00
[14:52] {Threei}  PSYS
[14:52] {Threei}  HEARING DEFENDED AT RAYMOND JAMES
[14:53] {dino} bit late
[14:53] {Threei}  lol
[14:54] {Threei}  let's short it?
[14:55] {dino} mant stop to .89 market drop
[14:56] {dino} [14:55] {Threei}  let's short it?
[14:56] {dino} wow, at -10+
[14:57] {Threei}  seems no such thing as bottoming today :)
[14:57] {dino} you see, only allowed one positive days/week in '09
[14:57] {Threei}  and if trying for second,powers that be give speech
[14:57] {magoo} NEWS??
[14:58] {Threei}  nope
[14:58] {Threei}  just market says what it thinks of budget, stimulus, bank rescue and general business climate
[14:58] {dino} you guys want me to start talking on cnbc every day? i could
[14:59] {Threei}  AIG
[14:59] {Threei}  REPORTEDLY EVALUATING WIDE RANGE OF POSSIBILITIES WITH THE GOVT ON THE RESTRUCTURING OF THE BAILOUT
[15:03] {dino} feel like the cheetos tiger...blah, blah, blah
[15:04] {dino} esrx sm l .65, stop lod
[15:06] {cujo} faz
[15:06] {cujo} sry, wrong window
[15:07] {nemo} faz had that cup and litle handle before it bolted through 53
[15:08] {cujo} yeah
[15:09] {dino} mant to .19
[15:10] {dino} out mant .20, +.20 reverse slip
[15:12] {nemo} mags...3:40 run?
[15:12] {dino} esrx out .95, +.30
[15:14] {Threei}  let's make bets?
[15:15] {Threei}  -150, possibly -200
[15:15] {nemo} on the S&P :)
[15:15] {Threei}  DJI
[15:15] {nemo} I figured, and frankly, I'm with you
[15:19] {dino} uh oh, forgot one, cpla l sm .56
[15:21] {dino} ndx at mondays' low
[15:22] {Threei}  and going lower, IMO
[15:22] {Threei}  GM
[15:22] {Threei}  DELAYS 10-K
[15:25] {wulff} I say we close positive
[15:25] {Threei}  I appreciate the self-sacrifice for the sake of having a bet :)
[15:25] {wulff} LOL
[15:26] {dino} we can't wuff
[15:26] {dino} [14:57] {dino} you see, only allowed one positive days/week in '09
[15:28] {Threei}  CAT new 52 week low
[15:28] {Threei}  ever since we first shorted it at 30, we could just go to sleep and wake up today
[15:29] {cujo} have to tone down the room to PG-13?
[15:31] {Threei}  well, it's a trading room... a lot of people read the log as turned out... people have different ;political inclinatrions, and while I do not hide mine I simply have no intention to turn the logs into subject of discussion of politics
[15:31] {dino} good one nemo
[15:31] {Threei}  I get enough idiotic e-mails as it is :)
[15:32] {Threei}  how about one I got a week ago, lemme find it
[15:32] {cujo} do you have a big T+1 following?
[15:33] {Threei}  here it is
[15:33] {Threei}  You say you trader. You not use indicator.
[15:33] {Threei}  You not trader.
[15:33] {Threei}  S.
[15:34] {dino} maybe he ment traitor
[15:34] {dino} you know what they say 3i
[15:34] {Threei}  whatever... this kind of e-maails is direct threat to my life - I almost died laughing of this one
[15:34] {dino} theres a chair for every azz
[15:35] {Threei}  hehe
[15:35] {cujo} maybe he has the secret indicator...?
[15:35] {wulff} 50 pts VAD
[15:35] {Threei}  hmmm... market seriously trying to recover? can't be
[15:35] {Threei}  but what do I know... I not use indicator... I not trader
[15:36] {dino} well, i guess theres only one way to trade then
[15:40] {Threei}  strange day... nicely positive but no feeling of fun
[15:40] {Threei}  rather tiresome
[15:41] {dptl} you don't have indicator ..thats all.....lolo
[15:41] {Threei}  yeah I guess
[15:41] {dino} out cpla major slip from .24 to .09, in any case, +.54
[15:41] {Threei}  that's it
[15:43] {dino} i'm thinking i'm done for day, good one and not much time left
[15:43] {Threei}  don't leave dino
[15:43] {Threei}  we have bet to be resolved
[15:43] {Threei}  and wulff seems to be going for gold
[15:43] {cosmo} "stoc-relative strength" is a fun indicator
[15:44] {cosmo} but... no matter..
[15:44] {dino} ok, i'll hang, just done
[15:44] {dino} discipline trumps conviction, as they say
[15:44] {nemo} Wow, and Larisa won't get to see this
[15:44] {wulff} Who's gold?
[15:45] {Threei}  discipline may trump conviction, but indicator trumps them all
[15:46] {dino} lol
[15:47] {dino} 944 gold
[15:48] {cosmo} it got to 850 back in 1979 .... should be doing better than that by now.
[15:49] {Threei}  well, adjused by inflation it's doing much better
[15:49] {Threei}  I mean NOT doing much better
[15:49] {cosmo} whew
[15:49] {Threei}  lol
[15:50] {patience} tsx up 243 so far...been good to me this week
[15:50] {Threei}  wo minutes wulff... 40 points still
[15:50] {Threei}  10 minutes
[15:51] {Threei}  sctually... in cotext of all the numbers we got this morning, I'd say market held remarkably storng
[15:51] {Threei}  strongly
[15:52] {Threei}  and we had only one speech today
[15:54] {Threei}  Christina Romer on CNN
[15:54] {Threei}  250K for tax purposes per household
[15:54] {Threei}  not per person
[15:54] {cosmo} darn
[15:54] {patience} ouch
[15:54] {Threei}  divorse cosmo
[15:55] {Threei}  or divorce
[15:55] {Threei}  EBAY EXEC: PLANS TO MAKE CHANGES EVEN IF THE MOVE HURTS THE BOTTOM LINE - CONF CALL
[15:56] {Threei}  huh?
[15:56] {Threei}  is change becomes new fashion?
[15:56] {Threei}  is becomes... nice grammar
[15:56] {buyemsellem} and the bottom line is out
[15:56] {wulff} wulff retires beaten to his den.
[15:56] {Threei}  4 minutes still
[15:56] {Threei}  no green but I have to say...
[15:56] {Threei}  I expected much worse close
[15:57] {cosmo} the day is young
[15:57] {Threei}  ya think?
[15:57] {cujo} cosmo, you on the west coast?
[15:57] {wulff} got caught in that GS fall
[15:57] {cosmo} yes
[15:57] {cujo} nice
[15:57] {cujo} 1pm close, hit the golf course. 
[15:58] {Threei}  with what?
[15:58] {cujo} :)
[15:58] {Threei}  not the market where blown stops are forgiven wulff...
[15:58] {cosmo} nope .... too sunny
[15:58] {wulff} got back more than I thought
[15:59] {Threei}  NASDAQ closes at the low
[16:00] {dptl} have a good evening all
[16:00] {Threei}  so does DJI
[16:00] {Threei}  take care dp
[16:00] {Threei}  okay guys
[16:00] {Threei}  thank ytou all
[16:00] {Threei}  havce a good evening
[16:00] {Threei}  see you tomorrow
[16:02] {fernp} good evening all
[16:03] {dino}  thx all
[16:04] {buyemsellem} thanks see you tomorrow
[16:05] {cujo} catch you all later
[16:06] {Threei}  DELL is getting killed
[16:06] {dino} deck too

Wednesday, February 25, 2009

Feb 25 2009

Beautiful day on both sides, short and long. Shorted CAT twice, played long on RIMM multiple times, plus BAC, STT, GS and whatnot. Profitable trades become bigger lately, well beyond just scalps, while we manage to keep stops to a scalping size.

Session Time: Wed Feb 25 00:00:00 2009

[07:59] {magoo} mornink comrades
[07:59] {Threei}  good morning
[08:01] {Threei}  BAC is knocking on yesterday's high 4.75
[08:01] {magoo} u in? morning btw
[08:02] {Threei}  hi
[08:02] {Threei}  no
[08:02] {magoo} man fslr after hrs hit 147..look here
[08:02] {Threei}  guided flat to lower
[08:02] {nemo} did I miss anything?
[08:02] {magoo} imagine buying 146 
[08:02] {Threei}  not really
[08:03] {magoo} just this nemo..............
[08:03] {Threei}  that would be painful
06[08:03] * magoo slaps nemo around a bit with a large trout
[08:03] {nemo} Ahh...fresh fish for breakfast.  Nothing like cannabilism in the morning!
[08:03] {magoo} jesus...obama referrenced the private jet last nite vad
[08:04] {Threei}  sigh
[08:07] {Threei}  BALTIC DRY BULK INDEX -2.5%, A THIRD STRAIGHT DECLINE
[08:08] {Threei}  what can I say... that was a great speech
[08:12] {nemo} True words are not fine sounding.  Fine sounding words are not true
[08:20] {Threei}  nice BAC
[08:20] {Threei}  fess up magoo
[08:20] {Threei}  I am sure you couldn't resist and grabbed the break
[08:22] {magoo} nope..watching fslr
[08:27] {larisa} good morning
[08:27] {nemo} gm larisa :)
[08:27] {magoo} larisa:)
[08:28] {larisa} nemo, magoo :) what did you do with vad ?
[08:29] {Threei}  larisa :)
[08:29] {larisa} gm:)
[08:31] {Threei}  why do you think he did anything?
[08:34] {Threei}  interesting
[08:34] {Threei}  BAC continues exhibiting strength, FAS is reddish
[08:35] {nemo} what do you mean by "reddish"?
[08:35] {magoo} real money saying speech didnt address banking issues ./..
[08:35] {nemo} duh...he doesn't understand them, how can he address them?
[08:35] {Threei}  ummm... reddish is red but nit by much :)
[08:36] {Threei}  well... to his defense, since when is state of the union speech addresses such specifics
[08:36] {nemo} just want to make sure we're not talking about your favorite wine. "with just a hint of 'ally"
[08:37] {magoo} can u imagine if mccain had won...but thgen we had exact same situation as obama...how bad the media would be all over mccainb
[08:37] {nemo} Then again, after the spike yesterday a little snap-back for both FAS and FAZ could reasonably be expected
[08:37] {magoo} well vad...thats what mkt players were looking for
[08:38] {Threei}  we are supposed to get the details on March 4
[08:38] {nemo} and then we'll march forth....
[08:38] {Threei}  if they expected to hear them in yesterday's speech, that was dumb
[08:39] {Threei}  then again...
[08:39] {magoo} cramer saying u have to start selling today{although he has been a contra of late}
[08:40] {Threei}  start?
[08:40] {Threei}  lol
[08:40] {Threei}  I'd say you had to start selling a year and half ago
[08:41] {Threei}  tioday you'd be finishing
[08:41] {magoo} good one vad
[08:41] {Threei}  but, I don't expect today to be as giddy as yesterday
[08:41] {Threei}  at least not right now
[08:41] {_paliyad2009} finaly found where to type good morning:)
[08:41] {Threei}  good morning paliyad
[08:42] {Threei}  there is just one place for that, lol
[08:42] {Threei}  remember I said yesterday,
[08:42] {magoo} paliy:)
[08:42] {Threei}  as fine as yesterday's rally was,
[08:42] {Threei}  we are not of the woods yet by any stretch of imagination,
[08:43] {Threei}  that was just a taste of things to come, but not a start of consistent bull market yet
[08:43] {Threei}  it's start and stop regime for now
[08:44] {Threei}  so, for now the plan is:
[08:44] {Threei}  withdraw yesterday's "buy anything"
[08:44] {Threei}  and back to "be picky and careful"
[08:47] {Threei}  When asked what he thought the word meant, Bernanke said with a smile, Public-private partnership, I suppose.
[08:47] {Threei}  if that's not a embodiment of hypocrisy
[08:49] {magoo} listened to some ted nugent on ride to work..."mkts got u in a stranglehold baby...so u better get outof its wayyyy"
[08:52] {Threei}  I don't know why but some of major clearing houses yesterday rendered 16 leveraged ETFs "cash only, no margin"
[08:52] {Threei}  including FAS
[08:52] {Threei}  FAZ'
[08:52] {Threei}  and 14 others that we never traded
[08:53] {Threei}  if you want I can post full list
[08:55] {buyemsellem} good morning
[08:55] {nemo} Oh geez...quoting Ted Nugent...the Apocalypse is upon us...wife is pretty hot though
[08:55] {cosmo} First Solar (FSLR.O) shares slid after the closing bell on Tuesday after the designer and manufacturer of solar modules said the short-term outlook for the solar industry has never looked more difficult.   fyi
[08:55] {Threei}  buyem :)
[08:56] {buyemsellem} that's interesting about the "no margin" on those ETF's
[08:56] {buyemsellem} you have any idea why that could be?
[08:56] {nemo} yes...maybe there's pressure about there effect on the market?
[08:57] {Threei}  not really buyem, could be anything,
[08:57] {buyemsellem} I've heard complaints that things like inverse financial ETF's have been part of financials downfall
[08:57] {Threei}  one of guesses:
[08:58] {nemo} That's BS arguably, because if the banking system were in good shape FAS would be through the roof
[08:58] {Threei}  that particular clearing house had to send too many margin calls to traders playing leveraged ETFs
[08:58] {Threei}  and decided to limit their own risk
[08:59] {buyemsellem} OK
[08:59] {buyemsellem} yeah, sounded like a lame excuse to me. Like, yeah, banking sector is actually healthy it's the ETF's fault ha
[08:59] {cosmo} PNTR:  # Pointer Telocation Presents 2008 Results - Revenue of $76.6 Million Exceeds Company GuidancePR Newswire(Wed 4:57am)
[09:00] {Threei}  blame a thermometer for the fever
[09:00] {nemo} shooting the messenger
[09:01] {nemo} "Pull"..."Dropped like a stone."..."I love my peasants."
[09:01] {magoo} we are still oversold...but what  would really kill mkt enthusiam would be a big sell down today
[09:02] {Threei}  did Cramer bash SLW yesterday?
[09:02] {nemo} Yesterday seemed like a technical response to the last week
[09:02] {Threei}  pretty much
[09:03] {Threei}  widespread explanation is, markets reacted on Ben's optimistic forecats
[09:03] {Threei}  which IMO is bs
[09:03] {cosmo} solars seemed to anticipate that speech tho...
[09:03] {nemo} It would make sense to be flat or down today, although one would expect gold and mining stocks to move higher
[09:03] {Onix} gm all
[09:03] {Threei}  amount of IFs he insterted in his forecasts effective made his sppech a "things will be good if things go well"
[09:03] {Threei}  onix :)
[09:04] {Threei}  which in my book is far from a: deep wisdom and b) something inspirational for the market
[09:05] {cosmo} there will be growth ... in the Spring
[09:05] {Threei}  here, spring is here
[09:05] {cosmo} yep
[09:06] {Threei}  closer to opening I'l repost the working asssumption for the day for late arrivales
[09:11] {Threei}  meanwhile SLW is upticking
[09:14] {dino} gm all
[09:14] {Threei}  dino :)
[09:17] {fernp} Hello everybody
[09:17] {Threei}  fern :)
[09:19] {Threei}  be back in 5
[09:19] {dino} fslr blood
[09:19] {dino} wynn too
[09:23] {Threei}  (RU) RUSSIAN OIL OUTPUT TO FALL TO 120M TONS
[09:24] {Threei}  for late arivals:
[09:25] {Threei}  [08:42] {Threei} as fine as yesterday's rally was,
[09:25] {Threei}  [08:42] {Threei} we are not of the woods yet by any stretch of imagination,
[09:25] {Threei}  [08:43] {Threei} that was just a taste of things to come, but not a start of consistent bull market yet
[09:25] {Threei}  [08:43] {Threei} it's start and stop regime for now
[09:25] {Threei}  [08:44] {Threei} so, for now the plan is:
[09:25] {Threei}  [08:44] {Threei} withdraw yesterday's "buy anything"
[09:25] {Threei}  [08:44] {Threei} and back to "be picky and careful"
[09:25] {dptl} good morning all
[09:25] {Threei}  dp :)
[09:26] {larisa} FSLR made bad joke yesterday. Reported magnificent earnings, longs jumped on board. In 30 min in CC issued warning and stated 'difficult" situation, stock dropped 15%.
[09:28] {cosmo} sandbaggers
[09:28] {Threei}  often happens when earnings andguidance are reported separately
[09:28] {dino} i puller 2 bucks out of it in 3 minutes
[09:28] {Threei}  or when CC brings more details
[09:28] {Threei}  wtg dino
[09:29] {dino} lucky, entered 138 put sell in immediately 140, hit, went to 142, then collapsed
[09:29] {larisa} wow
[09:30] {cosmo} ERIC
[09:30] {cosmo} 8.13 hi so far
[09:31] {cosmo} needs to hold 8
[09:32] {pita} gm everyone
[09:32] {Threei}  pita :)
[09:33] {patience} gm RT  :)
[09:33] {Threei}  patience :)
[09:36] {nemo} I'm getting dizzy watching fas/faz
[09:37] {ese} morning
[09:37] {Threei} Short Setup: CAT  .70 half lot
[09:37] {Threei}  stop above .90
[09:37] {Threei}  ese :)
[09:37] {nemo} too fast
[09:37] {fernp} missed
[09:38] {Threei}  anyone's in?
[09:38] {nemo} When you getting that neural implant Vad?
[09:38] {Threei}  won't track it if not
[09:38] {magoo} missed
[09:38] {_paliyad2009} vad. will send email at end of the day to understand few things
[09:38] {Threei}  sure
[09:39] {ese} dino WYNN
[09:40] {nemo} K was ist mit Qs passiert?
[09:40] {Threei}  watching AKAM
[09:40] {Threei}  would like to get pullback into .70- .75 area
[09:40] {nemo} RIMM
[09:40] {Threei}  not really jazzed about breakout
[09:41] {dino}  i like it much lower es
[09:41] {dino} pretty bad report
[09:41] {Threei}  CAT , cover half here
[09:41] {Threei}  1:1
[09:41] {Threei}  stop to .75
[09:42] {pita} got it for a change, TY
[09:42] {Threei}  pita :)
[09:42] {Threei}  what to get really, bounced right into trigger :)
[09:42] {dino} hei?
[09:42] {pita} Yes, usually too slow
[09:43] {pita} me that is
[09:43] {nemo} why RIMM running?
[09:43] {Threei}  RIMM, watch for entry on pullback into 40.60
[09:44] {ese} thinner than wynn dino
[09:44] {nemo} here it comes
[09:44] {ese} bigger drop though
[09:44] {Threei}  PREVIEW: JAN EXISTING HOME SALES DUE OUT AT 10AMET
[09:44] {Threei}  **consensus expectation: 4.79Me (+1.1%e) v 4.74M prior
[09:44] {Threei}  - analyst estimates range between 4.5M to 4.9M
[09:50] {ese} nerves of steel mags.....good one
[09:50] {dino} out bceco leftover, .47, +.33
[09:50] {Threei}  anyone caufght RIMM pullback while I was off?
[09:51] {buyemsellem} didn't pull back far enough
[09:51] {nemo} mags shorted
[09:51] {buyemsellem} I guess it did in retrospect ha
[09:52] {ese} looks like i might be down too vad
[09:52] {pita} AKAM still good?
[09:53] {Threei}  with market resuming upward only
[09:53] {Threei}  and stop under .70
[09:54] {dino} hei es?
[09:54] {dino} wynn approaches lod
[09:54] {nemo} akam almost looks like a C&H short?
[09:55] {Threei}  not against the market, it's a follower
[09:55] {dino} wynn wait under 20
[09:55] {nemo} understood
[09:56] {Threei}  if you took AKAM long, scalp only, look to exit over .80
[09:56] {Threei}  stop under .70
[09:56] {fernp} DRYS breakdown Vad?
[09:57] {Threei}  hmmm
[09:57] {Threei}  chart is right
[09:57] {Threei}  it's just that it's so stretched to the downside already on daily
[09:58] {Threei}  makes it iffy
[09:58] {Threei}  CAT, full out
[09:58] {Threei}  25.10, +.60
[09:59] {nemo} can you give guidance on range if we miss original break?
[09:59] {ese} ok i'm cut off everywhere now vad....are you online
[09:59] {Threei}  EXPLAIN PLS
[10:00] {Threei}  oops
[10:00] {Threei}  *JAN EXISTING HOME SALES: 4.49 V 4.79ME(-5.3% M/M)
[10:00] {nemo} Well...you give an exact break and the stock breaks.  have a chance to get in a few cents below or above...how far should we be willing to stretch entry?
[10:01] {Threei}  easy
[10:01] {nemo} be gentle
[10:01] {Threei}  you know your risk tolerance, you know the stop size
[10:01] {nemo} got it
[10:01] {Threei}  add a few cents to remain within your risk tolerance
[10:01] {nemo} change share size
[10:01] {Threei}  maybe adjust size
[10:01] {Threei}  right
[10:01] {Threei}  but in this case it was different
[10:01] {nemo} DENSA all the way
[10:01] {Threei}  it went down too far on original break
[10:02] {Threei}  not for chasing
[10:02] {nemo} yeah screamed through risk tolerance levels
[10:02] {Threei}  entry was available on second chance
[10:02] {Threei}  when it bounced right back into trigger
[10:03] {Threei}  STT
[10:03] {Threei}  bounce candidate, watching
[10:03] {Threei}  half lot, volatile, and let;'s wait for one more leg down
[10:04] {Threei}  wow CXAT... why do I always cover it too early
[10:04] {Threei}  CAT
[10:04] {Threei}  come on STT, drop about 40 - 50 cents more
[10:04] {nemo} chrissakes if you caught and stayed in cat you'd be done for the day
[10:05] {nemo} looking to close yesterday's gap up?
[10:06] {Threei}  it didn't gap yesteday
[10:06] {nemo} well, it shot up from 25
[10:06] {Threei}  ok, better now... want something under 25.50
[10:06] {nemo} that seems to be support
[10:06] {Threei}  sharp selling, market revesring
[10:06] {Threei}  SATT pausing
[10:06] {Threei}  that's the scenario for entry
[10:07] {dino} dino presents new law... no more politicians allowed to talk on tv
[10:08] {Threei}  OK, we are almost ready
[10:08] {Threei}  need market help now for entry
[10:09] {dino} 7105, 1126, 742 mondays' lows
[10:09] {Threei}  in
[10:09] {Threei}  stop under .30
[10:09] {dino} esi, ceco up. cpla apol down
[10:09] {Threei}  got .47
[10:11] {Threei}  half out STT
[10:12] {Threei}  .80
[10:12] {Threei}  stop .45
[10:14] {dino} watching apol, wynn, hei
[10:15] {Threei}  am I too greedy on STT?
[10:15] {nemo} singles and doubles dude
[10:15] {Threei}  well, it doesn't return to the low while market does
[10:16] {nemo} especially after yesterday
[10:16] {Threei}  and I have what, couple cents risk on the second half?
[10:16] {Threei}  whatever, I'll give it a chance
[10:16] {nemo} house money? what the hell...
[10:16] {Threei}  right
[10:16] {Threei}  and ashes of CAT knock in my heart
[10:17] {nemo} NOT GREEDY ENOUGH!!!
[10:17] {KSystems} any thoughts on gold, Vad?
[10:17] {nemo} look at SLW
[10:18] {Threei}  you know... I honestly don't understand gold
[10:18] {nemo} too small a market too few players TOO politically important
[10:18] {Threei}  I guess
[10:19] {nemo} I surmise since there's too much guessing you can't calculate the probabilities?
[10:19] {pita} reload STT this area?
[10:19] {KSystems} you gotta feel it in your little finger nemo :)
[10:20] {nemo} the little one?
[10:20] {Threei}  not sure pita
[10:20] {Threei}  I wouldn't
[10:20] {Threei}  one thing to hold the balance with half of profit secured and virtually no risk
[10:20] {Threei}  another is to go in again on this hesitance
[10:20] {nemo} kein witz bezueglich Schwanz, bitte!
[10:21] {Threei}  tinkering with STT I totally missed great RIMM pullback
[10:21] {Threei}  I need another eye
[10:21] {nemo} I was just going to say that
[10:22] {pita} and RMBS
[10:22] {Threei}  not very delighted by RMBS
[10:22] {Threei}  pitiful bounces
[10:24] {Threei}  fern... see how narrow DRYS is?
[10:24] {fernp} yes.
[10:24] {Threei}  market dropped nicely, and all this thing did was 5 cents
[10:25] {fernp} you were right
[10:27] {dino} thats like 1%
[10:27] {Threei}  lol
[10:27] {Threei}  true
[10:28] {ese} questrade is still down.....how are these 3 stock doing NVDA CSIQ & ESLR
[10:28] {Threei}  OK... offering STT 26.05
[10:28] {Threei}  NVDA 7.73
[10:28] {Threei}  CSIQ 3.8
[10:28] {Threei}  ESLR 1.32
[10:29] {Threei}  and it's a pos
[10:29] {ese} tks
[10:29] {Threei}  out STT
[10:29] {magoo} out too
[10:29] {Threei}  +.58
[10:29] {magoo} 04 exit
[10:29] {Threei}  you undercut me?
06[10:29] * Threei slaps magoo around a bit with a large roll of cash
[10:29] {nemo} Not Mags...
[10:30] {Threei}  *DOE CRUDE: +717 V +1ME;
[10:30] {Threei}  GASOLINE: -3.32M V 0.0E; DISTILLATES: +882K V -1ME; UTILIZATION: 81.4% V 82.2%E
[10:31] {nemo} SOB yesterday was talking about the huge draw down in gas 
[10:38] {Threei}  CAT doesn't bounce very much
[10:38] {Threei}  and consolidates close to .70 low
[10:38] {nemo} There's a joke in there somewhere
[10:38] {Threei}  lol
[10:39] {Threei}  risk is increasing as it drops, but
[10:39] {Threei}  probably worth a try,
[10:39] {Threei}  .70 short with stop above .85
[10:39] {nemo} It's hanging (by it's claws) to support from yesterday
[10:40] {Threei}  for hard core scalpers, stop above .80
[10:40] {Threei}  yesterday's support is .40
[10:40] {Threei}  good 30 cents lower
[10:40] {cosmo} cat came back the very next day ..... i seem to recall...
[10:40] {nemo} so that run along .80 isn't support?
[10:41] {Threei}  ?
[10:41] {Threei}  not sure I understand
[10:41] {Threei}  what run along?
[10:42] {nemo} the .80-85 area between 12:30 and 13:30
[10:42] {Threei}  scalpers have 1:1
[10:42] {nemo} cover and long around .50?
[10:42] {Threei}  no long
[10:42] {nemo} o.k. 
[10:43] {Threei}  yesterday's low is .42, right?
[10:44] {Threei}  that line along .80 from yesterday can't be a support right now because we are already below it
[10:44] {Threei}  non-scalpers have 1:1
[10:44] {pita} great timing w mkt drop, ty
[10:44] {Threei}  welcome sir
[10:45] {Threei}  when you are in tune with nature, things happen just right
[10:45] {nemo} heheheh
[10:45] {Threei}  and unenlightened call it luck
[10:45] {pita} watch that arm!
[10:45] {Threei}  :)
[10:45] {Threei}  yeah, it hurts
[10:45] {Threei}  but I need to exrecise it regularly
[10:46] {dino} always bad mouthing me
[10:46] {Threei}  never
[10:46] {pita} yes, to make more calls
[10:46] {nemo} Yeah when, Dino...must be the voices in your head
[10:48] {dino} [10:45] {Threei}  and unenlightened call it luck
[10:48] {Threei}  that was too tongue in cheek to refer to your refrain dino :)
[10:48] {nemo} Mags isn't saying anything about the market today
[10:49] {dino} new bottle og jim beam keeping him busy
[10:49] {Threei}  lol
[10:52] {Threei}  CNBC'S SANTELLI: CREDIT DEFAULT SWAPS ON US TREASURIES HAVE RISEN TO 100 BPS
[10:52] {Threei}  uh oh
[10:52] {Threei}  WFC
[10:52] {Threei}  HEARING VAGUE CHATTER BUFFET'S BERKSHIRE MAY BE MOVING TO FURTHER INCREASE ITS STAKE IN WFC
[10:52] {Threei}  - note: as of Q4, Berkshire was already the largest holder with 6.86%
[10:53] {Threei}  WFC doesn't explode on this?
[10:53] {Threei}  that's trouble
[10:54] {Threei}  or I am just early with news?
[10:54] {Threei}  nope... downticks
[10:54] {dino} buffet running out of $$$
[10:55] {Threei}  well... still must have enough to warrant more than 5 cents movement?? :)
[10:55] {Threei}  6
[10:55] {Threei}  7
[10:55] {Threei}  lol, now we are talking
[10:56] {Threei}  that's the Buffet we know and love
[10:56] {Threei}  {--- still tongue in cheek
[10:56] {Threei}  FED'S BERNANKE: PAULSON AND I WERE TOO OPTIMISTIC IN SEPT; AVOIDED A GLOBAL COLLAPSE WITH OUR COORDINATED ACTION AND CONGRESSION ACTION IN OCT - HOUSE TESTIMONY Q&A
[10:56] {dino} hei sm l .30
[11:01] {magoo} vad..u like STT down here?
[11:01] {Threei}  can't get a read on it
[11:01] {Threei}  market narrowed down too much
[11:03] {dino} apol sm l .75
[11:05] {buyemsellem} just covered second half CAT at .45 thanks vad
[11:05] {Threei}  wtg buyem
[11:05] {dino} gj
[11:17] {cujo} did you guys miss me?
[11:18] {Threei}  badly
[11:18] {ese} bstop SPWRB 28.41 1/2
[11:18] {Threei}  but more important qwuestion is,
[11:18] {magoo} i know i did
[11:18] {Threei}  what did you miss
[11:18] {cujo} i know
[11:18] {Threei}  and answer is, a lot
[11:18] {cujo} stt and cat i hear
[11:19] {Threei}  yes, and for a very nice moves
[11:19] {dino} hei stopped
[11:20] {cujo} i have faith Vad.  you have a few mor in you today.
[11:22] {Threei}  no presure eh?
[11:22] {cujo} :) never.
[11:23] {magoo} ok..quiet because was deep sea fishin
[11:23] {magoo} hooked a marlin
[11:23] {magoo} l fslr ..111 out 113
[11:24] {Threei}  that's not fair
[11:26] {Threei}  trying to get a feel, whether finnies start serious move or fizzle out
[11:26] {nemo} finnies?  I have several
[11:28] {magoo} when u know me to be fair??
[11:30] {Threei}  never, I wouldn't expect it from you and in fact would be very disturbed if you started showing any signs of that
[11:31] {Threei}  US SENATOR SCHUMER: BANK NATIONALIZATION SHOULD BE 'AVOIDED AT ALL COSTS'
[11:32] {Threei}  {--- crying
[11:33] {Threei}  BAC chart looks not bad... I just don't see yet what I want to see on it for confident entry:
[11:33] {magoo} thats what we want to hear...i'nt it?
[11:34] {Threei}  pace rising greatly, prints scrolling much faster than they do now
[11:34] {Threei}  with this confident buying pressure like yesterday
[11:35] {Threei}  instead it's this lukewarm "yeah, let's try and buy... see what happens next... yawn"
[11:35] {Threei}  WHITE HOUSE NOTES ADMINISTRATION WILL LAY OUT "BROAD PRINCIPLES" FOR REGULATORY CHANGE, INCLUDING MOVES TO REDUCE RISK
[11:35] {Threei}  this could be another reason for general market hesitance
[11:36] {Threei}  regulatory change coming...
[11:36] {dino} mcd sm l .15
[11:36] {magoo} long a mickey d's quarter pounder w/cheese  dino
[11:37] {magoo} ill buy if u fly
[11:38] {dino} nope
[11:38] {nemo} is FAZ available to short?
[11:38] {Threei}  royal with cheese you mean?
[11:38] {nemo} Thanks John...
[11:39] {Threei}  no
[11:39] {nemo} FAZ is not?
[11:39] {Threei}  right
[11:39] {Threei}  FED'S BERNANKE: BANKS WILL BE TOLD HOW MUCH CAPITAL THEY NEED FOLLOWING STRESS TESTS, BANKS WILL HAVE UP TO SIX MONTHS TO RAISE PRIVATE CAPITAL
[11:39] {buyemsellem} send order failed: security not available to borrow (FAZ)
[11:39] {Threei}  huh?
[11:39] {dino} use fas
[11:40] {Threei}  banks will be told how much capital they need?
[11:40] {nemo} I know, just wondering if it's available, means heavy bets against, probably another up in FAS coming
[11:40] {magoo} another madoff scam ....westgate capital cramer reports
[11:41] {Threei}  private?
[11:41] {Threei}  - Bernanke notes there could be more substantial share of Citi owned by the US govt
[11:42] {Threei}  FED'S BERNANKE: NOT PLANNING ANYTHING LIKE NATIONLIZATION FOR CITI
[11:42] {dino} yeah, like 100%
[11:42] {Threei}  lol
[11:42] {Threei}  he said it's not nationalization - it's public-private partnership
[11:42] {magoo} l rimm .8
[11:43] {Threei}  US SENATOR SCHUMER: BLUEPRINT FOR FINANCIAL REGULATION OVERHAUL WILL BE COMPLETED BY APRIL 2
[11:44] {Threei}  pace is much better now on BAC
[11:44] {Threei}  pullback into .65 would be nice
[11:44] {Threei}  but may not do even that
[11:45] {magoo} out RIMM .09 easy $$
[11:45] {Threei}  wtg
[11:45] {magoo} anyone??
[11:45] {Threei}  5 in cards for BAC I believe
[11:45] {magoo} vad, anyeway ti get the time on left of this sight?
[11:46] {Threei}  sure
[11:46] {magoo} as in the time i just wrote this
[11:46] {Threei}  right click on button saying #discussions
[11:46] {Threei}  Timestamp
[11:46] {Threei}  see this pace pickup?
[11:46] {Threei}  and confident pressure
[11:47] {magoo} .
[11:47] {magoo} ah..ty..im iduiot
[11:47] {ese} to funnny mags.......that crossed the language barrier nicely
[11:48] {cujo} Dino, MCD +.23.  Thanks.
[11:48] {Threei}  good job guys
[11:48] {magoo} one thing dino knows is his fast food guys
[11:48] {Threei}  lol
[11:48] {cujo} :)  love those mcnuggets.
[11:49] {dino} lol, gj
[11:50] {ese} your trading room is up above a McDonalds restaurant isn't it mags???
[11:50] {Threei}  let's try pullback entry
[11:50] {nemo} in what specifically?
[11:50] {Threei}  BAC
[11:50] {nemo} .65?
[11:50] {Threei}  two support levels, .70 and .60
[11:51] {nemo} oops
[11:52] {magoo} i always go early..tell me your in vad bac
[11:52] {Threei}  CSCO
[11:52] {Threei}  CEO: SEES EXCELLENT GROWTH FOR INDUSTRY OVER NEXT 5-10 YEARS
[11:52] {dino} gild sm l .55
[11:52] {Threei}  in
[11:52] {magoo} see that rimm? thats why we scalp'umi
[11:53] {Threei}  two ways to play it
[11:53] {Threei}  one is to keep stop under .70
[11:53] {Threei}  and try to reneter if drops into .60
[11:53] {Threei}  another is to keep stop under .60
[11:53] {dino} my entries suck today, don't follow me
[11:54] {Threei}  ECB'S ORPHANIDES: CYPRUS BANKING 'IN GOOD SHAPE'
[11:54] {Threei}  thank goodness
[11:54] {dino} what the hell was that on gild
[11:55] {Threei}  no idea... no news
[12:05] {Threei}  mags
[12:05] {Threei}  next move, IMO:
[12:06] {Threei}  offer half between .85 and .90
[12:06] {Threei}  and trry for 5 and possibly above with the rest
[12:06] {dawg} k
[12:07] {nemo} dcc laserdave
[12:07] {magoo} ok
[12:08] {Threei}  someone said something somewhere again?
[12:12] {ese} bstop for SPWRB invalidated
[12:14] {dino} ok, so what do we have, like 3 or 4 positive days this month?
[12:15] {cujo} l bac .69
[12:15] {pita} good luck, happy hunting.....
[12:16] {Threei}  take care pita
[12:17] {nemo} Bathroom Magoo?
[12:17] {magoo} been a negative indicator last few days
[12:18] {nemo} So, we'll short while you go
[12:21] {dino} lol
[12:21] {magoo} big ben on cnbc
[12:22] {Threei}  ERNANKE; TALF FUNDS WILL BE ALLOWED TO BE USE FOR REFINANCE
[12:24] {dino} good i would thinkl
[12:25] {Threei}  market doesn't react at all
[12:25] {nemo} no...refinancing won't do squat
[12:25] {Threei}  - believes credit risks are quite low under the TALF
[12:25] {nemo} 60% of workouts are already back in foreclosure
[12:30] {Threei}  - discussing mark to market, says it it problematic but does not believe the system should be junked.
[12:30] {cujo} how does this guy say short selling is a product of greed? 
[12:30] {Threei}  Supports efforts of SEC and FASB to provide guidance on ho wto value assets in a thin market.
[12:30] {cujo} doesn't he know when we are going long we are just as greedy....
[12:31] {dino} thats code for m2m talk
[12:31] {Threei}  lol
[12:31] {nemo} who is saying this?
[12:31] {dino} thin markets=m2m mods.
[12:31] {cujo} the politician who was just talking to bernanke
[12:31] {cujo} guy with a flower on his lapel
[12:31] {nemo} I'm not watching so I have no idea
[12:32] {cujo} ahh, yeah.
[12:32] {cujo} on the bberg tv
[12:32] {cujo} prob cnn as well
[12:39] {dino} esi little spike
[12:40] {magoo} fslr bottomless
[12:40] {dino} 100 magnet
[12:43] {cujo} l rimm .43
[12:43] {Threei}  nothing interesting happens for an hour at least
[12:43] {larisa} my last day today, will see you end of march guys, vacation time :) When I come back i want to see market at 10,000!
[12:43] {cujo} stpd :(
[12:43] {Threei}  lucky gal
[12:44] {cujo} have a good one.  
[12:44] {Threei}  now tell me
[12:44] {Threei}  why would want to see market going to 10000 without you
[12:44] {Threei}  I'd think you want us to hold it here for you
[12:45] {Threei}  then let it go once you are back
[12:45] {larisa} right
[12:48] {Threei}  RIMM is probably ready for a bounce here'
[12:48] {Threei}  just a scalp
[12:49] {Threei}  keep stop under .15 and aim to exit above .30
[12:50] {Threei}  there you go
[12:51] {Threei}  anyone?
[12:51] {cujo} y
[12:51] {cujo} thanks
[12:51] {dino} have a great trip larisa
[12:51] {buyemsellem} bravo, thanks
[12:51] {magoo} me 
[12:51] {Threei}  :)
[12:51] {magoo} out .44 here
[12:51] {larisa} ty dino :)
[12:53] {magoo} have nice vaca larisa
[12:54] {cosmo} vaca?
[12:54] {larisa} lol
[12:54] {cosmo} zzzz
[12:55] {cosmo} ah....trip
[12:55] {cosmo} sheesh
[12:55] {magoo} what planet u on again?
[12:55] {cosmo} the trippie one
[12:57] {cosmo} trippy, that is
[12:58] {magoo} jesus..now what..u trippin?
[12:58] {cosmo} its always summer somewhere....that kinda thing
[13:01] {cujo} Vad, RIMM .60 break worth trying here?
[13:01] {Threei}  nah
[13:01] {Threei}  not really a breakout market
[13:02] {Threei}  nor time of the day
[13:02] {cujo} got ya.  leaving it be.
[13:02] {Threei}  pullback is another matter
[13:02] {cujo} yup
[13:03] {magoo} somethings going on hee
[13:03] {Threei}  something's happening
[13:04] {magoo} lol
[13:07] {Threei}  interesting
[13:07] {Threei}  RIMM won't pull back with market
[13:09] {dino} wynn sm l .30
[13:16] {magoo} this same retard been grilling big ben for half hour
[13:16] {magoo} he probably hasnt even filed his ax returns in years and employs illegal aliens
[13:16] {Threei}  lol
[13:19] {Threei}  time to make bets?
[13:19] {Threei}  moderate green close is mine
[13:19] {magoo} up
[13:19] {magoo} 87
[13:19] {buyemsellem}  hmm
[13:20] {buyemsellem} i'll be the bear
[13:20] {Threei}  larisa... last bet before vacation?
[13:20] {buyemsellem} -200
[13:20] {nemo} I won't be here
[13:20] {dino} feic
[13:20] {cujo} ok, how we gonna make money with this crystal ball?
[13:20] {magoo} where u goin
[13:20] {nemo} sell the ball
[13:20] {Threei}  lol
[13:20] {nemo} take nefew somewhere
[13:20] {vint} green
[13:21] {Threei}  +30 DJI
[13:21] {magoo} heres the thing
06[13:21] * Threei closes his eyes
[13:21] {magoo} if IF so,...GS will make back like 4 points
[13:22] {ese} see you tomorow
[13:22] {Threei}  take care ese
[13:22] {ese} see ya vad
[13:30] {larisa} I bet we close at -150.
[13:30] {Threei}  races are on
[13:30] {magoo} good possibilityof -230
[13:31] {nemo} thought she went on vacation?
[13:32] {larisa} +30 means we will have serious rally from here and i still think we should test 7000, felt this way even yesterday.
[13:32] {larisa} not yet nemo, almost :)
[13:34] {Threei}  serious rally? it's just 150 points :)
[13:34] {Threei}  in terms of late it's like 10 min of decent trading
[13:35] {larisa} I mean some continuation, 2 days in a row.. good sign.. 
[13:35] {Threei}  we just made 25
[13:36] {Threei}  I see what you mean
[13:36] {larisa} if we go positive and close -150, i still win :)
[13:36] {Threei}  okay
[13:36] {Threei}  I feel generous tioday
[13:37] {larisa} why ?
[13:37] {Threei}  no reason
[13:38] {Threei}  maybe I just liked ben's face expression yesterday
[13:39] {larisa} then : if we go positive and close +30, I still win ? { just checking}
[13:39] {magoo} STT good candidate if IF we go up
[13:39] {Threei}  well... generous and idiot are still different things
[13:39] {larisa} lol
[13:39] {magoo} im idiot
[13:39] {cujo} l gs .51
[13:39] {Threei}  be looked like
[13:39] {Threei}  ben
[13:39] {Threei}  ummm
[13:40] {Threei}  as if he just had tremendous bowel movement
[13:40] {magoo} i just took it cujo .51
[13:40] {Threei}  AAPL
[13:40] {Threei}  SHAREHOLDERS HAVE APPROVED BOARD OF DIRECTORS, INCLUDING STEVE JOBS
[13:40] {cujo} nice
[13:41] {cujo} played small lot so i'm out 1:1
[13:42] {dino} wynn stop to .80
[13:43] {cujo} nice trade dino
[13:43] {dino} ty
[13:43] {magoo} out .20
[13:43] {magoo} + somethin good
[13:44] {Threei}  wtg
[13:44] {dino} out wyn reverse slip .87, +.57
[13:44] {cujo} nice trade mags
[13:44] {magoo} u too dawg
[13:44] {magoo} oh..we have a dawg
[13:45] {magoo} u to cujo-mojo
[13:45] {dawg} missed that one magoo but nice play
[13:45] {magoo} cujo call
[13:45] {dawg} ).
[13:45] {cujo} ;)  
[13:47] {magoo} dam..knew it
[13:47] {magoo} GS going multi points
[13:47] {cujo} things got legs
[13:47] {Threei}  didn't I tell you?
[13:48] {magoo} need to grab pullbk amd ride it to 90
[13:48] {dino} giddy-up
[13:48] {Threei}  45 points
[13:48] {Threei}  105 left
[13:49] {Threei}  90 left
[13:49] {cujo} no pullback :(  just keeps looking at me laughing.
[13:49] {dino} gild stop to .95
[13:53] {cujo} back in on pullback to 90
[13:53] {cujo} out 1/2 .38
[13:53] {Threei}  60 left
[13:53] {magoo} just did yesterdaysplay...long .40 out .65
[13:54] {Threei}  and you asked how to monetize that crystal ball
[13:54] {dino} mcd stop to .55
[13:54] {Threei}  just get general direction
[13:54] {Threei}  things will go
[13:54] {cujo} out 2nd 1/2 .67
[13:55] {cujo} +.53
[13:55] {Threei}  in fact, I may stop calling particular stocks and lmit myself to Up and Down
[13:55] {Threei}  less work... {G}
[13:56] {Threei}  here comes 5 on BAC
[13:56] {cujo} bac
[13:56] {cujo} sry, wrong screen
[13:56] {dino} mcd to .65
[13:56] {Threei}  50 points left
[13:57] {Threei}  GS up 3 points out of magoo's 4
[13:58] {dino} gild to .00
[13:58] {dino} apol to .34
[13:59] {dino} out mcd .69. +.54
[13:59] {wulff} What's a good RIMM pullback number?
[14:00] {Threei}  around 41 if we are lucky
[14:00] {dino} out apol .37, +.62
[14:01] {dino} out gild .00, +.45
[14:02] {dino} got confusing there
[14:02] {Threei}  beautiful tradinjg dino
[14:02] {Threei}  RIMM bounced off 41.05
[14:02] {dino} ixys
[14:02] {fernp} very gj dino
[14:02] {dino} ty 3i, market helped
[14:03] {wulff} missed it
[14:03] {dino} thx fernp\
[14:03] {cujo} caught RIMM thanks Vad, Wulff.
[14:04] {cujo} dino, great trading man.
[14:04] {Threei}  sounds like book title
[14:04] {dino} ty
[14:05] {Threei}  Dino, The Great Trading Man
[14:05] {cujo} he he he
[14:05] {nemo} Give Dino a bone!
[14:05] {dino} more like the lucky one
[14:05] {Threei}  only for unenlightened dino :)
[14:05] {cujo} rabid dog doesn't share bones.
[14:05] {nemo} well, than you're lucky on a large percentage of your traes
[14:05] {nemo} trades
[14:05] {Threei}  rofl cujo
[14:05] {dino} news ixys?
[14:05] {nemo} shoot rabid dog
[14:06] {cujo} i try
[14:06] {Threei}  I don't see any dino
[14:06] {dino} waiting more in '09
[14:06] {magoo} i bet mohammed aly would be a great daytrader
[14:07] {Threei}  wow
[14:07] {Threei}  BAC big pullback
[14:07] {nemo} fas too
[14:07] {magoo} float around ..jab..jab..out
[14:07] {nemo} look at him now mags
[14:07] {dino} rope a dope
[14:07] {magoo} we all gonna be likethat vrom this occupation
[14:07] {nemo} now he's just dope
[14:08] {magoo} vad bac good entry here?
[14:08] {Threei}  bounce time
[14:08] {nemo} on what specifically
[14:08] {nemo} too late
[14:09] {magoo} somethings goingon again vad
[14:09] {magoo} neg
[14:09] {Threei}  lol... I just made money by mistake
[14:10] {nemo} fur crissakes
[14:10] {Threei}  bought BAC .66,
[14:10] {Threei}  put it for sale at .73,
[14:10] {nemo} by mistake....how?
[14:10] {Threei}  changed my mind and hit .71,
[14:10] {Threei}  and didn't notice that .73 got hit too
[14:10] {Threei}  so found myself short
[14:10] {nemo} sold short huh?
[14:10] {Threei}  2K .71
[14:11] {Threei}  thing dropped to .68 and I happily covered
[14:11] {Threei}  not so much for profit as to get out
06[14:11] * magoo slaps Threei around a bit with a large trout
[14:11] {magoo} sigh
06[14:11] * Threei slaps Threei around a bit with a large roll of cash
[14:11] {magoo} wish i could be creative
06[14:11] * nemo wants Vad's fairy dust
[14:11] {Threei}  as KS for help tomorrow
[14:12] {Threei}  nemo had the same problem btw, mags
[14:12] {magoo} in a month or so i will
[14:12] {magoo} are we mostly there setup wise?
[14:12] {nemo} bummer gotta' go
[14:12] {Threei}  hmm?
[14:12] {Threei}  where there?
[14:13] {magoo} u helped me with all the settings
[14:13] {Threei}  oh
[14:13] {Threei}  one thing I thought of,
[14:14] {Threei}  you may want to try to copy that popups.ini file and paste it in MIRC folder
[14:14] {magoo} brutal pullback
[14:14] {Threei}  so you have it in two spots
[14:14] {Threei}  if that doesn't work, you are better off with KS :)
[14:14] {Threei}  BAC
[14:14] {Threei}  CEO LEWIS: MERRILL LYNCH AND COUNTRYWIDE ARE "STARS" - TV INTERVIEW
[14:15] {Threei}  lol
[14:15] {Threei}  stars or black holes?
[14:15] {dino} fallen stars perhaps
[14:15] {Threei}  dying red dwarfs
[14:16] {dino} one of those guys that pisses on your back and tells you its raining
[14:22] {Threei}  - says so far this year Merrill Lynch and Countrywide are the "star" performers at BoA.
[14:22] {Threei}  - Cannot predict what the full quarter results will look like, only discuss results so far.
[14:22] {Threei}  - Remarks that could sell certain non core assets to raise capital if necessary, could over time sell more of CCB.
[14:22] {Threei}  - Note: CEO Lewis in a memo to employees earlier this week noted that revenue would be above $100B in 2009.
[14:25] {Threei}  end of day will be interesting
[14:27] {Threei}  AFL
[14:27] {Threei}  EXEC: COMPANY HAS NO INTENTION TO ADJUST DIVIDEND THIS YEAR
[14:27] {Threei}  - Current dividend yield at approx 7%
[14:28] {Threei}  AFL is trying
[14:28] {dino} doug kass real$, 02/23., rumors merrill capital earned several billion trading year to date
[14:31] {magoo} vad..get some pics lined up if we rock
[14:33] {magoo} STT could be good one
[14:33] {Threei}  hmmm
[14:33] {Threei}  STT will go if market will but it's not the best of candidates
[14:34] {Threei}  it's at day's low while market is closer to high
[14:36] {Threei}  GS bounce candid hereate
[14:36] {Threei}  lol
[14:36] {Threei}  what's with typing
[14:37] {magoo} u need lessons
[14:37] {Threei}  badly
[14:37] {magoo} illtreasch ya
[14:37] {Threei}  watch this pullback
[14:39] {Threei}  was ideal entry near 80, too fast to type exct price
[14:39] {Threei}  anyone caught it?
[14:39] {magoo} missed that
[14:39] {magoo} thought  under
[14:39] {wulff} GS?
[14:39] {Threei}  ok, just a scalp, no chansing
[14:39] {cujo} caught it but small
[14:39] {cujo} +.13
[14:40] {magoo} CCCCUUUUUUUUUUJJJJJJJJJJOOOOOOOOOOOOo
[14:40] {magoo} h4es fast
[14:40] {cujo} got me hot keys
[14:40] {cujo} :)
[14:40] {magoo} must be a gray hound
[14:41] {Threei}  BAC over 5
[14:42] {magoo} l STT .2
[14:43] {Threei}  FDIC'S BAIR: DEPOSITORS SHOULD NOT BE CONCERNED ABOUT THE STOCK PRICE OF BANKS
[14:43] {dawg} ty magoo caught quick scalp STT
[14:44] {cujo} thanks mags
[14:44] {cujo} goo call
[14:44] {cujo} good
[14:44] {magoo} out .42 TY
[14:45] {magoo} cool beans
[14:45] {Threei}  BAC, this pace is exactly what I was refering to earlier
[14:45] {Threei}  when you see this, you have a runner
[14:46] {Threei}  watch T&S to get a feel
[14:46] {magoo} watch STT its a runner
[14:47] {magoo} problem is this mkts taking off without us
[14:48] {Threei}  I'll see you in a year
[14:48] {magoo} no..i mean now..not in BAC..GS...STT
[14:48] {Threei}  if today's calls is a problem, I want a break
[14:48] {Threei}  big one
[14:48] {magoo} u gettin to testy..lol...i meant we need a pullbk here
[14:49] {Threei}  bac buyable pullback
[14:49] {cujo} stop?
[14:49] {magoo} THATS WHAT IM SAYING HE HE
[14:49] {larisa} lets go on vacation with me vad, they will learn to appreciate you :)
[14:49] {Threei}  something like .15 entry would probably be ideal
[14:49] {Threei}  yes larisa
[14:49] {Threei}  thank you
[14:49] {larisa} yw
[14:49] {Threei}  firststrength from here
[14:50] {Threei}  .14 in
[14:50] {magoo} u guys are nuts...im just commenting on my calls and plays..scalpers regrett..for the here and now...need a pullbk
[14:50] {magoo} but then mjkts need to close green too
[14:50] {Threei}  half out .23
[14:50] {magoo} let me see..anything else lol
[14:51] {Threei}  offering balance .31
[14:52] {magoo} oferring .3099
[14:52] {Threei}  sigh
[14:52] {Threei}  out .29
[14:52] {Threei}  out of spite
[14:52] {larisa} lol
[14:52] {Threei}  lol
[14:52] {magoo} .2899
[14:52] {magoo} lol
06[14:52] * Threei slaps magoo around a bit with a large roll of cash
[14:53] {magoo} keep on slappin with that:)
[14:53] {buyemsellem} out. 29, great calls today vad
[14:53] {buyemsellem} .29
[14:53] {Threei}  ty buyem
[14:55] {Threei}  STT up a buck from bounce call
[14:55] {Threei}  GS 2 bucks
[14:55] {wulff} +.20 HIG
[14:55] {Threei}  ggh, even PIG, err, HIG works
[14:57] {magoo} 3:40 gonna be nuts..400 points up in 82 seconds
[14:58] {cujo} any plays in mind for 3:40?
[14:58] {Threei}  gosh... more than 40 minutes in advance? :)
[14:58] {Threei}  all usual suspects cujo
[14:58] {cujo} i'm demanding
[14:58] {buyemsellem} what is magical about 3:40?
[14:58] {Threei}  RIMM, STT, GS, BAC
[14:59] {Threei}  magoo has flow of energy at that time
[15:00] {Threei}  dino says "beer time" at 3:39...
[15:00] {Threei}  and ita magic time for magoo
[15:00] {dino}  funny, i was thinking of having a few tonight
[15:01] {Threei}  come on dino
[15:01] {dino} cvx sm l .25, lagging xom
[15:01] {Threei}  with today's trading you deserved single malt
[15:01] {Threei}  30 years
[15:01] {dino} ahhhh
[15:02] {Threei}  BAC want 5.50
[15:04] {wulff} took RIMM .25
[15:05] {Threei}  35 points left to my target
[15:05] {wulff} go rimm
[15:05] {Threei}  25
[15:06] {Threei}  larisa, you are breathing over there?
[15:06] {Threei}  DJI green
[15:06] {larisa} I always let you win
[15:06] {larisa} 1 hour to go
[15:06] {wulff} What's the bet?
[15:07] {Threei}  yep... as if I ask {G}
[15:07] {Threei}  oh yes... what's the bet??
[15:07] {Threei}  why do I make this mistake all the time
[15:08] {dino} out cvx .55, +.30
[15:09] {dino} emr sm l .40
[15:10] {Threei}  ACOR TICKS HIGHER AS ADDITIONAL TAKEOVER SPECULATION CIRCULATES
[15:10] {cosmo} qqqq needs 29
[15:11] {cosmo} today
[15:11] {cujo} qqqq
[15:11] {Threei}  US GOVERNMENT OFFICIAL: STRESS TEST RESULTS WILL NOT BE MADE PUBLIC
[15:12] {Threei}  shoot
[15:12] {cosmo} that bad?
[15:13] {Threei}  too stressful
[15:13] {cosmo} yeah... i dont want to know...
[15:14] {dino} green
[15:14] {cosmo} that was a long yellow
[15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.
[15:16] {Threei}  10 points left
[15:16] {Threei}  8
[15:16] {Threei}  4
[15:16] {Threei}  3
[15:16] {magoo} awesome read vad...thats why i like to ask u for your mkt "feel" all the time
[15:16] {Threei}  1
[15:16] {Threei}  +3
[15:16] {cosmo} ... reminds me of 'Aliens'
[15:16] {Threei}  +10
[15:17] {Threei}  done counting
[15:17] {dino} market does not want to know the stress levels
[15:17] {magoo} magoo said + .87
[15:19] {magoo} out BAC .45 TY boss
[15:19] {Threei}  welcome sir
[15:19] {Threei}  oh, and
06[15:19] * Threei slaps magoo around a bit with a large roll of cash
[15:19] {magoo} u said .50 so i reloaded
[15:19] {magoo} last 2 days fun
[15:19] {Threei}  sigh
[15:19] {Threei}  larisa
[15:19] {Threei}  vacation
[15:20] {magoo} eliots spitzers jkisd on tv cmnbc
[15:20] {Threei}  can I amil myself to your destination?
[15:20] {dino} out emr .60, +.20
[15:20] {Threei}  mail
[15:20] {cosmo} you two be sure to take laptops
[15:20] {Threei}  yeah right
[15:20] {cosmo} :)
[15:21] {magoo} man..fasten seatbelts..put on trading helmets, adjust googles...3:40 nears
[15:21] {magoo} i so nervous
[15:21] {magoo} LOOK cnbc
[15:21] {magoo} his kjid
[15:21] {magoo} kid
06[15:21] * Threei passes a bottle of Valum to dino with request to feed it all to magoo
[15:22] {Threei}  wulff, you sold that RIMM?
[15:22] {magoo} i said"wow..bartroma doesnt look good" dino yells back"she hasnt looked good in years "lol
[15:23] {Threei}  lol
[15:23] {Threei}  and btw...
[15:23] {wulff} Some just now at .71
[15:23] {wulff} holding half
[15:24] {Threei}  cool
[15:24] {Threei}  [15:16] {wulff} Its seems so foriegn to buy, set stop, wait, collect.
[15:24] {Threei}  why?
[15:24] {wulff} still in HIG too
[15:24] {larisa} and I thought dino was a gentleman
[15:24] {wulff} Seems like the 90's
[15:24] {wulff} for a second
[15:24] {Threei}  come on... we did it all this time
[15:24] {Threei}  2001 - 2009
[15:24] {Threei}  non-stop
[15:25] {Threei}  where were you?? :)
[15:25] {wulff} loosing $
[15:26] {Threei}  sorry to hear...
[15:27] {Threei}  but we are at this same spot, for 9 and half years already...
[15:27] {magoo} wasnt cramer selling today??he he
[15:27] {wulff} seems to remember 03 was good
[15:27] {Threei}  2003 was bul market
[15:27] {dino} larisa, i am, magoo makes stuff up about me
[15:27] {_paliyad2009} took RIMM .25 what that mean
[15:28] {Threei}  bought RIMM at .25
[15:28] {wulff} TASR
[15:28] {cosmo} bul = short bull?
[15:28] {larisa} lol
[15:28] {cosmo} k
[15:28] {wulff} go rimm
[15:29] {_paliyad2009} at 40.25 or 41.25 like that
[15:29] {dino} vz tear down that .00 wall
[15:29] {Threei}  at the time it was 41.25
[15:29] {_paliyad2009} thanks
[15:29] {Threei}  handle is usually omitted to save time
[15:30] {Threei}  since p[osts are made real time, handle is obvious
[15:30] {dino} and paper
[15:30] {_paliyad2009} vad this is vinod
[15:30] {Threei}  oh hi
[15:30] {_paliyad2009} wants to learn here befor i join
[15:31] {dino} magoo still waiting on his rotary phone trying to sell out
[15:31] {Threei}  welcome... watch what we are doing
[15:31] {Threei}  lol dino
[15:32] {wulff} +.75 rimm
[15:32] {dino} don't have the heart to tell him no line in the wall where its' plugged in
[15:32] {dino} sweet
[15:32] {Threei}  wtg wulff
[15:32] {wulff} 100 left
[15:33] {wulff} in case
[15:33] {Threei}  well... asI told a while ago,
[15:33] {Threei}  bear market is profit,
[15:33] {Threei}  bull market is profit AND fun
[15:33] {cosmo} well .. its more polite
[15:34] {Threei}  today was the great illustration:
[15:34] {dino} -paliyad, welcome to the jungle
[15:34] {Threei}  we had very profitable morning during bearish move
[15:34] {Threei}  but no one was having fun as far as I could tell
[15:34] {Threei}  afternboon is just as profitable,
[15:34] {Threei}  but fun is being had too
[15:35] {Threei}  and of course magoo slams me in the morning, in the aftrenoon and thank goodness I don't hear from him in the evening {GGG}
[15:36] {Threei}  I hope you guys observed T&S on BAC when I asked you to pay attention
[15:36] {dino} i'm going to stop coming in until after lunch, that seems to be my time in '09
[15:36] {Threei}  this is something you need to memorize and recognize
[15:37] {Threei}  there will be much more of this when we turn the corner
[15:37] {Threei}  this even stream of high-paced prints
[15:38] {Threei}  5.50
[15:38] {Threei}  touchdown
[15:38] {Threei}  INTC
[15:38] {Threei}  CEO: TECH MARKET PURCHASING PATTERN HAS STARTED TO BECOME MORE PREDICTABLE
[15:38] {Threei}  he means predictably no one buys anything?
[15:39] {Threei}  volume on NASDAQ is even slightly higher today than yesterday's
[15:42] {dino} 3:40+, should push them up
[15:46] {Threei}  if you are up to one more scalp,
[15:46] {Threei}  watch STT pullback
[15:46] {Threei}  want brief dive under 26
[15:47] {cujo} watchin, gettin my trigger finger ready
[15:47] {Threei}  one eye on the market, another on STT
[15:48] {Threei}  what you want to see is both drop,
[15:48] {Threei}  pause,
[15:48] {Threei}  market spiking up,
[15:48] {Threei}  STT giving little pause for entry
[15:48] {Threei}  then following the market
[15:48] {Threei}  oh and keep it small
[15:48] {Threei}  STT is volatile
[15:49] {Threei}  no need to spoil the perfect day on last minutes
[15:49] {Threei}  under 26
[15:49] {Threei}  pause
[15:49] {dino} wow -80 oints from high
[15:52] {Threei}  still downticks market
[15:52] {Threei}  UPDATE: US HOUSE PASSES $410B SPENDING BILL TO KEEP GOVT RUNNING THROUGH END OF FISCAL YEAR
[15:53] {dino} like it would ever shut down
[15:53] {Threei}  lol
[15:54] {Threei}  huh?
[15:54] {Threei}  president addresses nation once again today?
[15:55] {Threei}  what the
[15:55] {dino} heck of a sell off
[15:55] {dino} guess they want govt to shut down for good
[15:55] {Threei}  lol
[15:56] {larisa} can I start count ? :)
[15:56] {Threei}  yes :)
[15:56] {dino} -130 dji from3:15ish highs
[15:56] {Threei}  you don't have enough time anyway
[15:56] {Threei}  I'll be saved by the bell
[15:56] {larisa} lol
[15:56] {dino} larisa, have fun and relax
[15:56] {Threei}  here he is
[15:57] {Threei}  ahhh
[15:57] {larisa} I will dino thanks :)
[15:57] {Threei}  that;'s why market sold off...
[15:57] {Threei}  talk on economy after meeting with Geithner
[15:57] {dino} why talk w/3 minutes to go? why? idiot
[15:58] {dino} this guy is clueless about basic market stuff
[15:58] {wulff} see you tomm. PM
[15:58] {Threei}  take care wulff
[15:59] {cujo} going to go put a dent in some of that vodka....  CAtch you all tomorrow. 
[15:59] {dino} cya wuff
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a great evening
[15:59] {Threei}  see you tomorrow
[15:59] {larisa} bye :)
[15:59] {Threei}  larisa, have fun and safe trip
[15:59] {larisa} ty, you be good
[15:59] {Threei}  lol
[15:59] {Threei}  yeah right
[16:00] {cosmo} greed is good
[16:00] {Threei}  watching speech
[16:00] {dino} indeed cosmo
[16:01] {Threei}  wow
[16:01] {Threei}  do you listen?
[16:02] {dino} no
[16:02] {dptl} have a good evening all
[16:02] {Threei}  dp :)
[16:03] {Threei}  done
[16:03] {cosmo} yea... now we know what those fema camps are for...
[16:04] {Threei}  left... see you tomorrow

Tuesday, February 24, 2009

Feb 24 2009

That was a great day for both, us and the market (well, it was time for the market, wasn't it). I got a strong feeling that the relentless selling of late wasn't in the cards today, alerted about no shorting for today, and we started hunting for longs. Couple stops turned out to be just shakeouts and were easily compensated by winning plays, both scalps and day trades. FAS, HIG, BAC, RIMM - all performed for us and made a day nicely profitable AND fun.
               
Session Time: Tue Feb 24 00:00:00 2009

[07:45] {nemo} mornin'
[07:53] {magoo} morning
[08:01] {Threei}  Good morning
[08:02] {Threei}  CSUN
[08:02] {Threei}  SIGNS SOLAR CELL SALES AGREEMENT WITH U.S. BASED MANUFACTURER OF PHOTOVOLTAIC PRODUCTS
[08:07] {Threei}  Credit Markets:
[08:07] {Threei}  - WSJ notes that warning signs are once again appearing in credit markets, noting that the revival in risk appetite seen at the start of 2009 has faded.
[08:07] {Threei}  - Alarge part of the problem relates to a lack of clarity on how governments plan to inject new equity into banks and take bad assets off balance sheets.
[08:07] {Threei}  duh
[08:07] {Threei}  - The spread between US dollar Libor and the overnight indexed-swap rate is now back above 1.0 percentage points versus a low of about 0.9 percentage point in Jan.
[08:07] {Threei}  - Also spreads on nearly all tranches of the CMBX index have hit record wide levels in Feb after a Jan rally.
[08:07] {Threei}  - Furthermore, corporate defaults and ratings downgrades are accelerating.
[08:12] {nemo} slightly tongue in cheek...but we might as well just buy FAZ and go on vacation :)
[08:17] {Threei}  yeah, and get decimated when market decides it had enough :)
[08:17] {Threei}  tongue in cheek too, but here is the thought:
[08:18] {nemo} [08:12] {nemo} slightly tongue in cheek...
[08:18] {Threei}  our powers that be woould do the best thing by announcing:
[08:18] {Threei}  you know what, we don't know what to do and we are not going to do anything
[08:18] {nemo} yep
[08:18] {Threei}  we would have sold 1000 points in 15 minutes
[08:19] {Threei}  aand that would be the end of it
[08:19] {nemo} Nature is Unkind...in the end you cannot avoid the principle
[08:19] {Threei}  realizing that we are on our own, market would start healing
[08:20] {Threei}  MSFT CEO BALLMER: THE US IS EXPERIENCING AN "ECONOMIC RESET" THAT MAY TAKE SEVERAL YEARS - SHAREHOLDER MEETING
[08:20] {Threei}  - Notes Windows Mobile business is not profitable.
[08:20] {Threei}  BALTIC DRY BULK INDEX -3.6%, SECOND STRAIGHT DECREASE
[08:20] {Threei}  feeling in the air IMO:
[08:20] {Threei}  it's getting so dark that resolution is near
[08:23] {larisa} good morning
[08:23] {Threei}  larisa :)
[08:24] {larisa} threei :)
[08:25] {Threei}  *TED SPREAD OPENS AT 97 BPS V 97BPS PRIOR; LIBOR-OIS SPREAD OPENS AT 102BPS V 102BPS PRIOR
[08:31] {Threei}  FDIC'S BAIR: HIGHLIGHTS NEED FOR BANK STRESS TESTS TO DETERMINE CAPITAL REQUIREMENTS
[08:31] {Threei}  - Notes large banks have adequate regulatory capital and are "fine for now."
[08:31] {Threei}  - Reminder: Back on 2/23, the Treasury and Fed jointly stated that the US govt stands firmly behind the banking system and confirmed their intent to begin stress testing on Feb 25
[08:31] {Threei}  do we get to know the results of tests?
[08:32] {cosmo} sounds too stressful
[08:33] {Threei}  sure... but banks named as successfully tested would have posted serious rallies
[08:35] {cosmo} RMBS has sucessful day in court
[08:36] {cosmo} but they're not a bank
[08:36] {Threei}  news is quite confusing on it
[08:36] {Threei}  02/23/09 04:15pm
[08:36] {Threei}  [RMBS] Rambus Inc Reportedly Hynix wins ruling in California district court against Rambus in DRAM chip patent case
[08:36] {Threei}  - The ruling will allow Hynix to continue chip sales; Rambus had sought an injunction on the sales.
[08:36] {Threei}  - Hynix to pay Rambus royalties of 4.25% for DDR SDRAM
[08:37] {Threei}  02/23/09 09:02pm [000660.KS] Company said it will file an appeal vs the US court on royalties paid to Rambus, says sales in US will continue uninterrupted
[08:38] {cosmo} yes...confusing
[08:42] {nemo} Malzeit Herrn K!
[08:44] {magoo} vad..question..if u do not say half lot..are u still calling full lots? onl;y ask because of this brutal environmt
[08:44] {KSystems} hello :)
[08:44] {Threei}  ks :)
[08:44] {Threei}  yes mags
[08:44] {Threei}  on thick stocks with a stop tight enough
[08:45] {Threei}  what's the point to go to half lot on something that has very little slippage and stop, say, 10-15 cents
[08:45] {nemo} Fear
[08:46] {Threei}  fear of what
[08:46] {Threei}  your stop is your safety net
[08:46] {Threei}  loss is predetermined and built into expectations
[08:46] {nemo} I agree...it's acknowledging the emotional content
[08:47] {Threei}  our acknowledgment of this brutal environment is manifested in being picky
[08:47] {Threei}  not overtrading
[08:47] {Threei}  staying in the trenches
[08:47] {nemo} right there with ya'  
[08:47] {Threei}  but, when the trade comes along
[08:47] {Threei}  it's business as usual
[08:48] {Threei}  normal stop setting, normal sizing
[08:48] {Threei}  expectations on profit side may be somewhat different,
[08:48] {magoo} ok
[08:48] {Threei}  since volatility dictates more scalping
[08:48] {nemo} Not to speak for Mags specifically, but he being a hunter doesn't usually have to worry about being the prey.  This market...sometimes you're less sure who's predator and who's prey
[08:49] {Threei}  but look at our trades lately,
[08:49] {Threei}  we had quite a few sizeable wins
[08:49] {cujo} good morning
[08:49] {Threei}  cujo :)
[08:49] {Threei}  so, you never know
[08:50] {Threei}  just position yourself right, manage the trade and let market do its thing
[08:50] {fernp} Hello everybody
[08:51] {nemo} absolutely...isn't that the beauty, albeit vicious beauty of the taskmaster we call the market.  It forces a rigid rational discipline to overcome the natural emotional instincts
[08:51] {Threei}  fern :)
[08:51] {cujo} hello fern
[08:54] {Threei}  MDRX looked so good on daily
[08:54] {Threei}  broke 10- yesterday, I intended to watch it for slight pullback, holding 10 and breaking yesterday's high
[08:55] {Threei}  not sure what happened, I see just a downgrade
[08:56] {Threei}  PIMCO'S BILL GROSS: U.S. AND GLOBAL FINANCIAL SYSTEMS REQUIRE CREDIT CREATION AND FORECLOSURE PREVENTION, NOT BANK NATIONALIZATION AS CURRENTLY CONTEMPLATED BY SOME - MARCH INVESTMENT OUTLOOK
[08:56] {Threei}  - "If the government cannot substitute credit to the same extent that it is disappearing from the private system, then the U.S. and global economies will retreat"
[08:56] {Threei}  - "Liquidate debt (credit) to 2003 totals and you just might reduce economic activity (GDP) to 2003 numbers as well."
[08:57] {Threei}  - "There is fear on foreign shores that even U.S. agency debt may not be honored and that U.S. Treasury debt itself, when repoed as in prior years, may now suffer from counterparty risk. Global willingness to accept American dollars is being tested. Granted, the U.S. currency has appreciated strongly against its counterparts during most of this crisis, but technical short covering as opposed to a flight to quality may have been the dominant consideration. Watch the dollar. If it falls hard, there may be nothing policymakers can do to restore the ensuing financial chaos."
[08:57] {Threei}  one more doomsayer
[08:58] {cosmo} the dollar gets a stress test?
[08:58] {Threei}  I guess
[09:00] {nemo} Duh...that's the point...this stuff is disappearing and there is no way to replace it because all methods will appear artificial.  Unfortunately system expand and contract...you can not have permanent expansion...it has been artificially generated and the system is snapping back
[09:00] {Threei}  *Q4 SP_CASE-SHILLER US HPI Y/Y: -18.23V -17.2%E; US HPI: V 150.0 PRIOR
[09:00] {Onix} gm all
[09:00] {Threei}  onix :)
[09:01] {Threei}  DEC CASE SHILLER HOME PRICE INDEX: 150.66 V 154.59 PRIOR; COMPOSITE 20 INDEX: -18.55% V -18.3%E
[09:01] {Threei}  *Q4 SP_CASE-SHILLER US HPI Y/Y: -18.23% V -17.2%E; US HPI: 139.14 V 150.0 PRIOR
[09:03] {cosmo} ....so it IS just a zero sum game after all....
[09:03] {dino} gm all
[09:04] {nemo} no...it's a system whose natural dynamics have been thwarted.  The principles are unavoidable, and the farther they are stretched the more vicious the recoil
[09:05] {Threei}  dino :)
[09:06] {pita} morning seekers of the green...
[09:06] {Threei}  pita :)
[09:07] {dino} or pain
[09:10] {Threei}  I am not that giddy about shorting so far as I was for the past week
[09:11] {Threei}  spring is coiled and market is tired of endless selling
[09:11] {Threei}  sudden rally for no good reason may come out of nowhere
[09:11] {dptl} good morning all
[09:12] {Threei}  dp :)
[09:12] {cosmo} that rally will come after bad news too
[09:12] {dino} is there any other kind lately?
[09:12] {Threei}  could be on anything
[09:12] {Threei}  in spite of bad news, on any hint of good news or without news at all
[09:13] {Threei}  it's not that I expect it to happen and hunt for it
[09:13] {Threei}  rather, I am careful with shorting as probability of that rises
[09:15] {cosmo} i am comfortable being the 'trap door spider'
[09:15] {cosmo} ...waiting
[09:18] {cosmo} a final fanatical sell off that reverses with just a half hour to go in the trading day.... its been a long time...
[09:18] {cosmo} but its classic
[09:20] {magoo} shorts may cover AHEAD of speech tonite
[09:21] {magoo} we are down relentless here
[09:21] {magoo} than pop tomorrow and crash  after relizeobama is lost
[09:21] {Threei}  remind me what today's speech is about?
[09:22] {Threei}  I am getting lost in them
[09:22] {cosmo} slice of the onion
[09:22] {nemo} It's Tuesday so ther must be a speech
[09:22] {Threei}  ok
[09:22] {Threei}  lol
[09:23] {magoo} he'll be on tv today giving speech as a prelude to tonites speech
[09:23] {Threei}  you guys are as relentless as sellers in recent market
[09:23] {dino} and don't forget his "lecture" about responsibility
[09:24] {Threei}  be back in 5
[09:30] {Threei}  open we are
[09:31] {cosmo} onxx
[09:31] {cosmo} ...spread looks sloppy
[09:32] {cosmo} 32.45 hod fyi
[09:33] {ese} morning
[09:33] {Threei}  ese :)
[09:34] {Threei} Long Setup:  STT  .45 half lot
[09:34] {Threei}  if stays above .25
[09:34] {nemo} blew by that
[09:36] {Threei}  no worky
[09:36] {nemo} jumpy
[09:36] {Threei}  that's why half lot
[09:36] {nemo} and dramamine
[09:37] {Threei}  this sharp market spike is exactly what I meant
[09:37] {Threei}  I just don't see following stocks
[09:37] {Threei}  RIMM did follow
[09:38] {nemo} oy!
[09:40] {Threei}  PREVIEW: FEB CONSUMER CONFIDENCE DUE OUT AT 10AMET
[09:40] {Threei}  **consensus expectation: 35.0e v 37.7 prior (37.7 was a record low for the index)
[09:40] {Threei}  - Most analyst estimates range from 31 to 37 area
[09:40] {magoo} u got a read on Q?
[09:40] {Threei}  ONXX non stop
[09:44] {cosmo} my onxx stopped at 33.14
[09:45] {cosmo} ...prematurely
[09:48] {magoo} STT rinse-a-roo boss
[09:48] {Threei}  yeah
[09:49] {magoo} feels up..but it pulled back hard
[09:49] {Threei}  I can't get a feel whether we are in for continuation or it's just a brief snapback followed by resumtion of selling
[09:49] {cosmo} MRVL hod = 7.22  fwiw
[09:50] {nemo} I'm going with snap back
[09:50] {magoo} UP vad
[09:50] {Threei}  instinct says up
[09:50] {Threei}  al least into numbers and Ben's testimony
[09:50] {magoo} agree
[09:50] {nemo} My...that's hedging your position
[09:51] {Threei}  I have none
[09:51] {nemo} hedging your opinion?
[09:52] {Threei}  GM
[09:52] {Threei}  US TREASURY REPORTEDLY MEETING WITH AUTO LEADERS THIS WEEK- UNCONFIRMED REPOT
[09:53] {Threei}  ONXX finally decent pullback
[09:53] {Threei}  if we can get a selloff into 31.50 I'd get interested
[09:57] {Threei}  financials drag market down again
[09:57] {Threei}  look at GE
[09:57] {Threei}  BAC went red too
[09:59] {Threei}  *FEB RICHMOND FED MANUFACTURING INDEX: -51V -49E
[10:00] {Threei}  FEB CONSUMER CONFIDENCE: 25 V 35.0E
[10:00] {Threei}  FED'S BERNANKE: URGES STRONG ACTION TO STABILIZE MARKETS AND BANKS, SEES RECOVERY BEGINNING IN 2010 IF BANKS ARE STABILIZED - US SENATE TESTIMONY
[10:01] {Threei}  urges?
[10:01] {Threei}  he is Fed chairman for petes sake
[10:01] {Threei}  - Sees sharp contraction in first quarter
[10:01] {Threei}  - Reiterates there may be need for "exceptionally low rates" for some time
[10:03] {cosmo} unless you need a refi...
[10:06] {Threei}  DEC HOUSE PRICE INDEX: -0.1% V -1.7%E
[10:06] {cosmo} hmmm
[10:06] {Threei}  Q4 HOUSE PRICE PURCHASE INDEX Q/Q: -3.4% V -2.0%E
[10:07] {magoo} read RIMM vad}?
[10:07] {Threei} Long Setup:  RIMM  .60 half lot if stays above .45
[10:08] {nemo} fast
[10:08] {Threei}  over 1:1
[10:08] {ese} HURN dino
[10:08] {Threei}  and magoo... stop looking over my shoulder
[10:09] {Threei}  was typing RIMM alert as you asked :)
[10:09] {ese} long .01 1/2
[10:09] {ese} HURN
[10:10] {ese} risky.....big spreads
[10:10] {Threei}  RMBS
[10:11] {ese} this should be smaller than 1/2 lot....but i'm gonna roll with it
[10:12] {ese} stop is 39.50
[10:12] {magoo} out RIMM now .85 TY BOSS
[10:13] {dino}  gj
[10:13] {Threei}  welcome sir
[10:13] {ese} need help from indexes...........hello...knock knock....
[10:13] {Threei}  still, no looking over my shoulder
[10:13] {magoo} the new camera i installed is working well :)
06[10:13] * Threei orders urgent office debugging
[10:14] {dino} es, hurn 2 cent miss
[10:14] {dino} looking at it
[10:14] {dino} guides lower
[10:15] {ese} i'm in at .01 but could be out if indexes turn dn
[10:15] {ese} like now
[10:15] {dino} 37.59 52 week low fwiw
[10:15] {Threei}  watching RMBS for bounce
[10:16] {dino} dji gap fill
[10:16] {ese} out HURN .82
[10:16] {Threei}  8.60 area most lilely, if goes there
[10:16] {ese} lookin dn here more than up
[10:16] {ese} -.19
[10:16] {ese} gonna wait on it abit more
[10:17] {magoo} DINO MCD
[10:17] {dino} feels like yesterdays asei, whoosh down coming
[10:17] {dino} lay out at 38ish
[10:19] {Threei}  CECO
[10:19] {Threei}  HEARING STRENGTH ATTRIBUTED TO TAKEOVER CHATTER
[10:19] {Threei}  - APOL rumored as a potential acquirer
[10:19] {ese} back in HURN .97
[10:20] {ese} whoa...blink and it's .13
[10:21] {cujo} small scalp on that RMBS 
[10:21] {cujo} thanks Vad
[10:21] {Threei}  cujo :)
[10:21] {ese} nice cujo
[10:22] {cujo} thanks ese
[10:22] {magoo} u dog
[10:22] {cujo} sick dog this week...
[10:22] {magoo} mentally?:)
[10:22] {cujo} in addition to the rabies
[10:22] {cujo} no, cold...
[10:23] {Threei} Long Setup:  RIMM  .70 break half lot
[10:24] {nemo} gone already
[10:24] {Threei}  a bit late alert
[10:24] {cujo} in late .77
[10:24] {magoo} missed that 1
[10:24] {cujo} out .94
[10:24] {cosmo} slippery devel
[10:24] {magoo} back to the camera
[10:24] {Threei}  chasing a bit too much cujo
[10:24] {cujo} sry
[10:25] {cujo} that cold getting to my better judgement
[10:25] {Threei}  RMBS starts looking like real runner...
[10:26] {ese} ya nice looking 1min chart on RMBS
[10:26] {cujo} pullback into 9?
[10:26] {cujo} RMBS
[10:27] {Threei}  hard to tell
[10:27] {Threei}  jrcc
[10:27] {Threei}  never mind
[10:27] {dptl} ty rmbs +.30
[10:28] {Threei}  dp :)
[10:28] {cujo} nice trade DP
[10:28] {dptl} ty
[10:28] {Threei}  feels like serious 'ally in the making
[10:29] {ese} by this time yesterday market was red......?....pleasant change
[10:30] {ese} in and out where? dp on rmbs
[10:30] {dino} days not over yet
[10:30] {ese} true dino
[10:30] {ese} just thinking blood from a stone theory
[10:32] {cujo} I drink your milkshake, I drink it up.
[10:34] {dino} sm l hurn .00
[10:34] {Threei}  HIG pullback into .60 or just under for long entry
[10:35] {Threei}  yeah right HIG says
[10:37] {nemo} hig still good on pullback
[10:38] {Threei}  I believe so
[10:38] {nemo} damn should have taken it @ 6.66, but the numbers skeeved me!
[10:39] {Threei}  lol
[10:39] {cosmo} LBTYA
[10:40] {Threei}  market pulling back
[10:40] {Threei}  watch for buying resuming to grab HIG
[10:43] {Threei}  like clockwork
[10:43] {Threei}  if you got it under .60, 1:1 is reached
[10:43] {ese} stopped  out HURN .50
[10:43] {Threei}  half or scalp, your decision
[10:43] {Threei}  if taking half, stop to .54
[10:44] {ese} -.47 small shs 200
[10:44] {Threei}  FED'S BERNANKE:SEEING VERY HEAVY RISK AVERSION - Q&A
[10:44] {Threei}  no, really?
[10:44] {nemo} Looks like you're losing your crown...
[10:44] {Threei}  competition sure is growing
[10:45] {Threei} Long Setup:  CECO  .36
[10:45] {Threei}  stop under .30
[10:46] {Threei}  jeez RMBS
[10:47] {nemo} yeah, frickin' energizer bunny
[10:47] {Threei}  [09:10] {Threei} I am not that giddy about shorting so far as I was for the past week
[10:47] {Threei}  [09:11] {Threei} spring is coiled and market is tired of endless selling
[10:47] {Threei}  [09:11] {Threei} sudden rally for no good reason may come out of nowhere
[10:48] {Threei}  how about that for sudden rally
[10:48] {Threei}  for no good reason too, lol
[10:48] {nemo} woul you remin ceco this is a rally
[10:48] {nemo} remin
[10:48] {nemo} remind
[10:48] {nemo} fnnn "d"
[10:48] {ese} RMBS is classic vad....
[10:49] {Threei}  sqeezing hard
[10:49] {ese} thing of beauty
[10:49] {nemo} shoulda' chased
[10:50] {dptl} ty hig +.23
[10:50] {Threei}  :)
[10:51] {cosmo} 'greed' might be saved
[10:52] {Threei}  I give up
[10:52] {Threei}  Ben beat me to the pulp
[10:52] {Threei}  - says auto and housing industries will eventually be part of the recovery
[10:52] {nemo} Give what up?
[10:52] {nemo} oh
[10:52] {Threei}  my crown of captain obvious
[10:53] {nemo} Since an "O" is a bullseye, I think I'd rather let Bennie have it
[10:55] {dino} stopped hurn .56, -.44
[10:57] {Threei}  HIG is suspiciously obedient today
[10:57] {Threei}  pullback right into buying zone, very nice bounce
[10:57] {nemo} CECO is in a Mexican stand off
[10:57] {Threei}  let's see if it reapts the performance
[10:57] {Threei}  .80 - .85 zone to watch
[10:58] {Threei}  CECO no worky
[10:58] {nemo} got croaked on ceco
[11:04] {Threei}  this action inconsistent with rally continuation
[11:04] {Threei}  backing off for now
[11:06] {nemo} could you expound on that?
[11:06] {Threei}  ?
[11:06] {Threei}  which part?
[11:06] {nemo} what you consider inconsistent with continuation
[11:07] {Threei}  pullback into support,
[11:07] {Threei}  if the rally is in full steam still
[11:07] {Threei}  market should have bounced from there right away
[11:07] {Threei}  and proceed to back to the high quickly.
[11:07] {Threei}  Instead, it posted little bounce, returned to support and stalled there
[11:08] {nemo} ty
[11:08] {Threei}  remains unclear whether it reaks support now or regains strength
[11:08] {Threei}  but case for the rally is not as clear now
[11:10] {cujo} Vad, how do you take your Vodka?
[11:10] {Threei}  straight
[11:10] {cujo} Neat or with ice?
[11:10] {nemo} Now we're getting to important questions!
[11:10] {Threei}  neat
[11:11] {cujo} OUCH
[11:11] {nemo} room temp or do you keep it in the freezer?
[11:11] {Threei}  FED'S BERNANKE: BIG RISKS LAY WITH THE BIG FIRMS, STRESS TESTS WILL DETEMINE HOW MUCH AND WHAT TYPE OF CAPITAL BANKS SHOULD HOLD - Q&A
[11:11] {Threei}  - Notes that smaller banks can cause systemic risk if all affected by the same problem
[11:11] {Threei}  freezer
[11:11] {nemo} HIG broke resistance
[11:11] {Threei}  HIG newfound enthusiasm
[11:12] {magoo} read RMBS?
[11:12] {Threei}  toughie
[11:13] {magoo} whole dam mkt a toughie he he
[11:13] {Threei}  well
[11:13] {Threei}  I see it this way
[11:13] {Threei}  I am pretty much satisfied with strong feel of snapback coming, thus staying away from shorting
[11:14] {Threei}  a few trades worked, compensated nicely for couple stops,
[11:14] {Threei}  nothing earthshuttering,
[11:14] {Threei}  but full reversal of the trading aapproach in one day is not something you do
[11:14] {buyemsellem} I certify your accounting as accurate
[11:15] {Threei}  if you can get the feel of climate changing in time to keep you from old course
[11:15] {Threei}  and even get some crumbs along the new one
[11:15] {Threei}  I'd say it's pretty good timing
[11:16] {Threei}  frikin HIG never gave us pullback fro second entry
[11:16] {magoo} {buyemsellem} I certify your accounting as accurate
[11:16] {nemo} Can you kick a stock if you're not in it?
[11:16] {magoo} roflol
[11:16] {Threei}  JNPR CEO: FAILED TO ANTICIPATE THE ECONOMIC ENVIRONMENT CHANGING SO QUICKLY
[11:16] {Threei}  which one nemo?
[11:17] {nemo} HIG?
[11:17] {nemo} stomp it down, that is
[11:30] {nemo} market has gone eerily quiet
[11:30] {Threei}  yeah
[11:31] {Threei}  so have I
[11:34] {nemo} Headline AP article:  Stocks up as Bernanke says recession to end in '09
[11:34] {Threei}  HOUSE MAJORITY LEADER HOYER: ANY MAJORITY FEDERAL STAKE IN BANKS WOULD BE TEMPORARY, DOES NOT SEE THE US NATIONALIZING BANKS
[11:34] {Threei}  - US would return to minority ownership as quickly as possible, has no desire to take majority stakes over the long term
[11:35] {Threei}  market doesn't react on this anymore
[11:35] {Threei}  as dino said yesterday, got old very fast
[11:36] {Threei}  BAC and C are green, but gains are pitiful
[11:39] {KSystems} long Qs here for a swing, stop 27.10
[11:40] {Threei}  wow... market went into freezer, next to bottle of vodka
[11:40] {nemo} quiet...you're tempting me
[11:40] {Threei}  got a target for that KS?
[11:41] {KSystems} not yet
[11:41] {magoo} could explode up at 2 pm or crash...who knows, but feels like calm before the storm
[11:41] {Threei}  FED'S BERNANKE: TALF PROGRAM IS CLOSE TO OPENING
[11:50] {Threei}  - in response to a question of when extraordinary programs will be removed, Bernanke says Fed is focused on being ready to normalize monetary conditions when appropriate
[11:50] {magoo} well vad, we are getting pullbks for later if IF 'ally restarts
[11:51] {Threei}  yes
[11:51] {Threei}  I just don't want to try and scalp for penny bounces
[11:52] {magoo} hows volume today?
[11:52] {nemo} relatively high mags
[11:52] {Threei}  yeah, not bad
[11:53] {nemo} dow is 150% NAS is 110% SP 125%
[11:53] {nemo} check ht SP 112%
[11:54] {Threei}  market is desperately hungry for any excuse to reverse and explode to the upside
[11:55] {Threei}  to a degree where absence of horrific news will be percied as such excuse
[11:55] {magoo} remember the good ole days when we'd get a osama captuired/killed rumor
[11:55] {Threei}  lol
[11:55] {Threei}  that got old fast
[11:55] {nemo} either that or they sell off before the speech
[11:55] {magoo} worked firstr 10 times
[11:56] {cujo} now were chasing the manageres of ponzi schemes...
[11:56] {buyemsellem} as did bin laden...not sure if he's aging any more
[11:56] {nemo} died of kidney failure, didn't you hear.
[11:56] {buyemsellem} yeah, dialysis on the run can't work too well
[12:03] {magoo} what the h*ll going on?
[12:03] {nemo} Depression
[12:03] {nemo} At the library yesterday I was reading a book of funny Yiddish stories to my grandson..... A farmer has a healthy chicken and a sick one. What does he do? He makes chicken soup out of the healthy one and feeds it to the sick one. Sounds something like Stimulus Package thinking to me.
[12:05] {larisa} did sick chick get better ?
[12:06] {nemo} It didn't say, that's where the comment ended
[12:06] {Threei}  sick chicken came back and asked for two more healthy ones
[12:07] {nemo} wanted a separate hen house too
[12:08] {nemo} Business as Usual    http://finance.yahoo.com/news/House-Democrats-propose-410B-apf-14450221.html   House Democrats propose $410B spending bill
[12:08] {nemo} House bill to keep govt. running totals $410 billion, features thousands of pet projects 
[12:09] {dino} not sure cannibalism is a good idea, even for chickens
[12:09] {nemo} depends on the cut
[12:10] {larisa} lol
06[12:10] * magoo slaps laserdave around a bit with a large trout
[12:13] {Threei}  9 is fair natural support for RMBS
[12:14] {Threei}  if comes closer to t, will be on watch for bounce
[12:14] {nemo} using the word "fair" sounds political
[12:14] {Threei}  ACOR
[12:14] {Threei}  BIOGEN REPORTEDLY IN DISCUSSIONS OVER ACORDA'S MULTIPLE SCLEROSIS PILL - UNCONFIRMED REPORT
[12:14] {Threei}  {BIIB}
[12:15] {Threei}  eeck
[12:15] {nemo} sorry
[12:15] {nemo} like as in "fair share"  "modest tax"
[12:16] {magoo} acor vad..u thinking any play?
[12:16] {Threei}  BIOGEN REPORTEDLY LOOKING TO PURCHASE ACOR TO GET RIGHTS TO FAMPRIDINE MULTIPLE SCLEROSIS PILL - UNCONFIRMED REPORT
[12:16] {Threei}  who the hell knows... no price indicated
[12:17] {magoo} what they pay?
[12:17] {Threei}  [12:16] {Threei} who the hell knows... no price indicated
[12:17] {magoo} as i was typing ?
[12:17] {Threei}  is it takover vs current price or takeunder?
06[12:17] * magoo slaps Threei around a bit with a large trout
[12:18] {magoo} was thginking more short
[12:18] {Threei}  - Discussions may also include the purchase of rights to the drug instead of the entire company{
[12:20] {Threei}  just leave it alone mags
[12:20] {Threei}  pure gambling
[12:20] {magoo} yeah
[12:20] {Threei}  you short it, they announce takeover at 40
[12:20] {dino} biib drop
[12:20] {Threei}  you go long, they announce offer at 25
[12:27] {dino} and if you get it right, "they" will break the trade
[12:29] {magoo} really dino
[12:29] {nemo} RIMM DBed
[12:29] {nemo} ?
[12:32] {Threei}  something is brewing
[12:33] {Threei}  GOLDMAN ANALYST COMMENTS THAT JPM DIVIDEND CUT IS A NET POSITIVE
[12:33] {Threei}  - expects other strong banks to make similar pro-active dividend cuts
[12:33] {Threei}  FED'S FISHER: WARY OF GOVT INVOLVING ITSELF IN PRIVATE BUSINESS, UNCOMFORTABLE WITH BANK NATIONALIZATION, BUT BELIEVES GOVT. ACTION MAY BE NEEDED
[12:34] {Threei}  I don't believe market is going to stay this meek for very long
[12:34] {magoo} any financial candidates vad u like if mkt takes off?
[12:35] {Threei}  BAC... JPM...
[12:35] {Threei}  GS of course
[12:36] {Threei}  86 break GS
[12:36] {Threei}  grrr
[12:36] {cujo} in 86
[12:36] {cujo} small lot
[12:36] {Threei}  wtg
[12:37] {dino} sm l lphi .40
[12:37] {cujo} 1/2 out .29
[12:37] {Threei}  beautiful entry cujo
[12:37] {cujo} thanks
[12:39] {Threei}  pullback into .80 - .90 area on watch for another entry
[12:39] {cujo} was a really small lot. 
[12:42] {Threei}  FED'S BERNANKE: FED IS PREPARED TO BUY LONGER-DATED TREASURIES, WOULD LIKE TO KEEP THE OPTION OPEN - Q&A BEFORE SENATE PANEL
[12:42] {Threei}  - Not trying to affect the cost of govt finance, merely trying to help private credit markets.
[12:45] {Threei}  BAC is starting to look more stable
[12:45] {Threei}  if we get pullback into .10 - .15 area, will be worth a try
[12:45] {Threei}  scared to say, but possibly for a bigger run
[12:47] {Threei}  if no more incessant flow of comments form high above, this thing can move over 4.50 and quite possibly closer to 5
[12:48] {Threei}  GS new high
[12:49] {cujo} where's Hawk?
[12:49] {magoo} just wacked it .40 to 61
[12:49] {magoo} to fast
[12:49] {Threei}  didn't see him today
[12:49] {cujo} usually our GS alarm :)
[12:50] {Threei}  do you feel this rising tension in BAC?
[12:50] {cujo} y
[12:50] {cujo} some upward mobility?
[12:51] {Threei}  yeah
[12:51] {Threei}  worry isn't fully out yet
[12:51] {Threei}  but it's fighting
[12:53] {cujo} it is... 
[12:54] {Threei}  I have to say... all this selling of late,
[12:54] {Threei}  it's setting a stage for some spectaculat fireworks
[12:55] {Threei}  we are crawling through it, making small gains day by day,
[12:55] {magoo} vad...keep open mind
[12:55] {Threei}  then time comes for really explosive moves
[12:55] {magoo} do not perceive up as a gimmee
[12:55] {Threei}  I don't
[12:55] {Threei}  not yet
[12:56] {magoo} ok..good
[12:56] {Threei}  you could see my thought process this morning
[12:56] {Threei}  step by step
[12:56] {magoo} yup..u in bac?
[12:56] {Threei}  going from shorting mindset to no shorting
[12:56] {Threei}  to careful longs
[12:57] {Threei}  to full out
[12:57] {Threei}  scalped it mags
[12:57] {Threei}  not ready for a longer hold yet
[12:57] {Threei}  want to see a hard shakeout
[12:57] {magoo} where the pattern on it?
[12:57] {Threei}  it's quite capable of those
[12:57] {Threei}  I'd like to see it back into .20
[12:58] {Threei}  see how sharp its red bars can be?
[12:58] {magoo} yup
[12:59] {Threei}  S&P REPORTS CAPITAL ADEQUACY RATIOS AMONG US INSURERS REMAINS STRONG, BUT SEES DOWNWARD TREND
[12:59] {Threei}  - "Capitalization is especially important for mortgage insurers because their exposure to the mortgage and housing markets makes their operating results more volatile than most lines of business," said Standard & Poor''s credit analyst James Brender. "For this reason, our criteria caps the rating on a mortgage insurer at the rating its capital adequacy ratio (CAR) implies."
[12:59] {Threei}  - According to S&P, this is unique to mortgage insurers, and a mortgage insurer can be rated below the rating its CAR implies.
[13:00] {Threei}  BAC is getting there
[13:01] {magoo} u got the ball..u make the call:)
[13:01] {nemo} figures...I gotta' Magoo it
[13:02] {magoo} what?
[13:02] {cujo} in .22 BAC
[13:04] {nemo} think there might be some pullback left vad?
[13:04] {nemo} powder room Mags
[13:04] {nemo} not gunpowder
[13:04] {Threei}  in what?
[13:04] {nemo} general market
[13:05] {Threei}  after some move, sure
[13:05] {Threei}  half out cujo
[13:05] {cujo} y
[13:06] {cujo} 1/3 out .27, 1/3 out .32
[13:06] {magoo} chrsisakes scalp GS again same but dollar higher..hit .40 out .65
[13:06] {cujo} waiting on this last piece
[13:06] {Threei}  IMO... put .19 stop to that last piece,
[13:06] {cujo} done
[13:06] {Threei}  and see if you can get closer to .50
[13:07] {cujo} stop .19, fingers crossed...
[13:09] {Threei}  ugh... forgot about HIG
[13:12] {dino}  watching esi, apol
[13:12] {cujo} u think safe to update stop to .24 on BAC Vad?
[13:13] {Threei}  can't tell, this sharp market downtick is not technical
[13:14] {cujo} ok, holding at .19
[13:14] {Threei}  it really comes to personal preferences here
[13:14] {Threei}  I would do the same
[13:14] {Threei}  someone who cherishes every cent would better take it off the table
[13:15] {Threei}  see, to me this feels like last dance before takeoff
[13:15] {Threei}  I don't mean this very pullback on BAC
[13:15] {Threei}  but overall this market up and down over last few hours
[13:16] {Threei}  it's just a gut feel
[13:16] {Threei}  I am not ready to commit to it by taking a lot of long positions
[13:16] {Threei}  but having one already, and with most of profit protected
[13:16] {Threei}  and with negligible stop for the balance
[13:16] {Threei}  I'd oprefer to hold it and give it a chance
[13:17] {cujo} yup
[13:17] {Threei}  AIG
[13:17] {Threei}  REPORTEDLY, THE CEO COULD DIVEST SOME OPERATIONS TO THE US GOVT TO HELP PAY OFF THE GOVT LOAN -
[13:21] {Threei}  do you guys have this feeling of how willing market to go
[13:21] {magoo} JPM vad..read on it?
[13:21] {Threei}  still wall of worry of course, these things don't disappear in one day
[13:21] {wulff} Feels like a relief rally coming
[13:22] {Threei}  yes
[13:22] {Threei}  JPM, want one more pullback, slallow
[13:22] {wulff} I like beaks of recent highs
[13:23] {Threei}  wow FAS
[13:25] {Threei}  ACOR
[13:25] {Threei}  HEARING CHATTER BIOGEN MAY BE DENYING EARLIER SPECULATION THAT IT IS PURSUING ACOR'S MS DRUG
[13:25] {larisa} lol
[13:26] {Threei}  hehe
[13:26] {Threei}  here comes your reward for patience, cujo
[13:26] {magoo} and mine
[13:26] {Threei}  you took it mags?
[13:26] {magoo} yup
[13:27] {cujo} y
[13:27] {cujo} almost
[13:27] {magoo} waiting .47
[13:27] {Threei}  pullback is coming
[13:27] {Threei}  and pullbacks are unnerving
[13:27] {cujo} out .40 BAC impatient
[13:27] {cujo} sry Vad
[13:28] {Threei}  one quick theory moment guys
[13:29] {Threei}  this way of entry on running stocks as we did on BAC,
[13:29] {Threei}  waiting for a sharp pullback,
[13:29] {Threei}  is the way to do it during these early stages of bear market rallies
[13:29] {Threei}  if you tried to buy break on it,
[13:29] {Threei}  you'd be shaken out
[13:30] {Threei}  or had to sit through a gut-wrenching pullback with too wide stop
[13:30] {magoo} a "but" is coming
[13:30] {Threei}  time for pure breakouts will come
[13:30] {Threei}  for now it's pullbacks that shake weak hands out
[13:30] {Threei}  GE VICE CHAIRMAN: AFFIRMS PROFIT TARGETS OF FLAT TO +5% IN INFRASTRUCTURE SEGMENTS
[13:31] {magoo} out .41 
[13:31] {magoo} TY 
[13:31] {Threei}  welcome
[13:31] {cujo} thanks Vad.  Good call on that Stop level
[13:31] {Threei}  :)
[13:31] {wulff} in ADBE .75
[13:32] {Threei}  quite happy with my today's read
[13:32] {magoo} me too...nice boss
[13:32] {magoo} even your 2 misses were just rinses
[13:32] {cujo} KS you still in Q?
[13:33] {fernp} WFT valid cup & handle?
[13:33] {Threei}  chart wise yes fern, my concern is a very narrow range
[13:34] {fernp} ty
[13:34] {Threei}  ok guys, pullback is in order
[13:34] {Threei}  relax, let market digest things
[13:35] {Threei}  this last spike just now is a trap IMO
[13:35] {Threei}  for overly enthusiastic types
[13:36] {wulff} feeling greed...help
06[13:37] * Threei slaps wulff around a bit with a large bottle of antigreedin
[13:38] {wulff} stops etc. ok
[13:38] {Threei}  BAC really wants to run
[13:39] {wulff} sitting on 1.25 on PO, small sh
[13:39] {wulff} POT
[13:39] {nemo} looks like FAS wants to close the gap from yesterday
[13:41] {Threei}  I am sitting out this round
[13:41] {magoo} shoot..thought about taking 100 shares SKF short at 190 arera
[13:42] {Threei}  I don't feel market is in the state of total giddiness just yet
[13:47] {nemo} did I miss a call?
[13:47] {Threei}  no... other than maybe destiny call but I am not responsible for those
[13:48] {nemo} but you are a Sith lord
[13:48] {Threei}  [12:45] {Threei} scared to say, but possibly for a bigger run
[13:48] {Threei}  [12:47] {Threei} if no more incessant flow of comments form high above, this thing can move over 4.50 and quite possibly closer to 5
[13:49] {Threei}  BAC fulfilled first part
[13:49] {dino}  out lphi .84, +.44
[13:51] {Threei}  wtg
[13:51] {cujo} nice trade dino
[13:51] {dino} ty
[13:52] {dino} risky apol sm .80 l
[14:00] {magoo} what u stalking vad?
[14:01] {Threei}  really want market to settle into more serious pullback
[14:10] {Threei}  want BAC closer to .40
[14:10] {dino} apol stop is .47
[14:11] {dino} stopped
[14:14] {nemo} BAC doesn't want to give back
[14:15] {dino} rinsed
[14:17] {Threei}  (JP) JAPANESE PM: DID NOT DISCUSS PURCHASE OF US TREASURIES WITH PRES OBAMA, DISCUSSED METHODS TO MAINTAIN CONFIDENCE IN USD AS EROSION IN USD CONFIDENCE COULD HAVE A LARGE EFFECT
[14:17] {wulff} the greed in returning, where are my pills
[14:17] {nemo} and they keep writing spending bills
[14:18] {Threei}  buy FAZ and go on vacation would be really bad idea today eh? :)
[14:18] {nemo} yeah...contra indicator
[14:18] {buyemsellem} I don't know, at least you'd be on vacation
[14:19] {Threei}  lol
[14:19] {nemo} having said that, if it holds this bottom, you should get your pull back
[14:19] {nemo} if not, financials probably run
[14:20] {nemo} I'll ammend the vacation comment to three weeks ago
[14:20] {nemo} Let's see...what office can I run for???
[14:21] {nemo} oops...dangling preposition.  For what office can I run?
[14:24] {magoo} STT got away
[14:24] {wulff} Vad in this kind of rally, just put stops below last turn right?
[14:24] {Threei}  pretty much
[14:27] {Threei}  HIG, mama mia
[14:27] {nemo} manga mia
[14:29] {Threei}  turned into one of those days when you just buy anything except short ETFs and go sleep
[14:29] {nemo} ouch
[14:31] {wulff} we needed one of these days, one
[14:31] {Threei}  we will have much more
[14:31] {Threei}  not right away
[14:31] {Threei}  but this time will come
[14:31] {Threei}  and I have just an alert for those days:
[14:31] {Threei} Long Setup:  ANYTHING  at any price
[14:32] {cujo} really?  we gonna do this?
[14:32] {cujo} :)
[14:32] {nemo} except shorts
[14:32] {buyemsellem} in XXXX at .XX
[14:32] {dino}  3x
[14:34] {Threei}  magoo will help you recognize those days cujo
[14:34] {Threei}  when you see him go:
[14:34] {wulff} so don't feel like you are going to miss anything jsust yet, right?
[14:34] {buyemsellem} out @@@@ +.@@
[14:34] {Threei}  oops, I bought XYZ even though you called ABC, but made money anyway, so thank you
[14:34] {Threei}  you know it's one of those days
[14:35] {cujo} nice, magoo lemme know.
[14:35] {magoo} miss them days bvad
[14:35] {Threei}  consider today a sneak preview
[14:36] {Threei}  and don't call me bvad
[14:36] {cujo} you think we have mkt wide capitulation?
[14:36] {dino} no
[14:36] {Threei}  we didn't
[14:36] {cujo} "coming soon."
[14:37] {Threei}  we had orderly selling
[14:37] {Threei}  but nothing even close to real capitulation
[14:37] {buyemsellem} do you think capitulation is necessary for the markets to turn?
[14:37] {nemo} The capitulations might have been in November.  Too many stocks aren't anywhere near there 52 week lows
[14:37] {dino} no
[14:37] {Threei}  no, not that we must
[14:38] {Threei}  it would be nice
[14:38] {dino} bears can end w/ a whimper too
[14:38] {Threei}  but bottoming out can happen in various ways
[14:38] {Threei}  right dino
[14:38] {nemo} looks like the "pullback" might be over
[14:38] {magoo} 'thinkin same
[14:38] {dino} apathy could be a sign at some point
[14:39] {magoo} so prolonged and dismal
[14:39] {cujo} faz sub 60
[14:39] {magoo} may be sold
[14:40] {Threei}  watch HIG
[14:41] {Threei}  if sells off into .10 - .20 area will be bounce scalp candidate
[14:44] {Threei}  anyone got it, keep stop under .05
[14:44] {cujo} in
[14:44] {Threei}  aim to take profit in .25 - .30 area
[14:45] {nemo} in .12
[14:47] {Threei}  here we go
[14:47] {Threei}  easy money
[14:47] {jmb} thanks
[14:47] {Threei}  :)
[14:48] {nemo} ty
[14:48] {Threei}  I love it so when they are this obedient
[14:48] {Threei}  pullback depth is clearly readable, support is holding like charm, bounce is right into profit zone
[14:49] {wulff} Was is it support at 2:20pm or so?
[14:49] {Threei}  well, natural support is 8
[14:49] {Threei}  but in such strong markets they tend to bottom out aa bit higher
[14:50] {wulff} oh
[14:50] {Threei}  and pullback from above .50 was quite sizeable
[14:50] {Threei}  in weak downtrending markets they tend to do the opposite:
[14:50] {Threei}  they sell down under the natural support before bouncing
[14:50] {wulff} most annoying
[14:50] {Threei}  you may remeber many of my bounce calls from weak markets
[14:51] {Threei}  where I suggested zones under the support
[14:51] {Threei}  what I like about these nice quick scalps is,
[14:51] {Threei}  they help eliminate the effect of those few stops we had earlier
[14:52] {Threei}  so the gains become clean
[14:52] {Threei}  mentally I mostly percieve them in this wway
[14:52] {Threei}  stope compensation if you will
[14:53] {wulff} refunds
[14:53] {cosmo} rescue
[14:53] {Threei}  bailout?
[14:54] {cosmo} its all symantics
[14:54] {nemo} If HIG drops 8 short, or would have to fall below 7.80
[14:54] {cujo} BAC givin it all BAC.
[14:55] {Threei}  all?
[14:55] {Threei}  come on
[14:55] {Threei}  far from it
[14:55] {dino}  v sm risky esi l .30
[14:55] {cujo} i just wanted to say it...
[14:55] {cujo} sorry 
[14:55] {Threei}  oh
[14:55] {Threei}  welcome to club of bad puns and dubious humor
[14:55] {Threei}  I am the president
[14:55] {cujo} he he he
[14:55] {nemo} you hold a lot of titles
[14:56] {Threei}  most of them are self-assigned
[14:57] {nemo} FAS breaking highs
[14:57] {nemo} I was just going to say, awful quiet
[14:58] {wulff} Lots of fun. Quitting while I'm ahead. later.
[14:58] {Threei}  good to hear wulff :)
[14:58] {Threei}  told ya, bull markets are more fun
[14:59] {magoo} good job wolf
[14:59] {Threei}  we can navigate any
[14:59] {wulff} took 2.25 on POT
[14:59] {Threei}  but it comes to more fun or less fun
[14:59] {cujo} see ya Wulff
[15:00] {dino} gj wulf
[15:01] {magoo} interesting group...a dog, wolf, dinosaur, 3 eyes, blind man {magoo}
[15:01] {nemo} and "no man"
[15:01] {magoo} several birds
[15:01] {magoo} a fish
[15:01] {dino} and a cartoon character
[15:01] {nemo} "dinosaur"
[15:01] {Threei}  rofl
[15:02] {cosmo} wizard
[15:02] {cujo} l fas .53
[15:02] {nemo} no your a comic sidekick
[15:02] {Threei}  semi-precious stone too, mags
[15:03] {nemo} winemaker
[15:03] {magoo} out hig here .33
[15:04] {magoo} 1 ex girlfriend lol
[15:04] {larisa} nah :) it is just beauty and the beasts..
[15:04] {Threei}  thank you larisa
[15:04] {nemo} Vad...you should never have put your picture on the website
[15:04] {Threei}  oh wait... you listed me among beasts I suppose
[15:04] {larisa} of course not :)
[15:04] {larisa} you are our beauty
[15:05] {nemo} blowin' smoke there larisa?
[15:05] {Threei}  but you said beautY
[15:05] {Threei}  not plural
[15:05] {nemo} Larisa...stop while you're behind
[15:05] {larisa}  you started it
[15:05] {nemo} I didn't
[15:07] {cosmo} sound like a buncha bankers...
[15:07] {larisa} lol
[15:07] {Threei}  looks like market decided to finish on a strong note
[15:08] {dino} 50 min. to go
[15:08] {dino} long time in this market
[15:08] {Threei}  lol, so truye
[15:08] {dino} could do the average year in 50 min.
[15:09] {cujo} out 1/2 1:1 fas
[15:09] {nemo} BAC bolted right through the highs
[15:10] {Threei}  wtg cujo
[15:10] {cujo} thanks Vad
[15:10] {Threei}  pleasure to see
[15:10] {Threei}  nice clean setup
[15:10] {dino} esi stop to .36
[15:10] {Threei}  good discipline in execution
[15:10] {cujo} maybe i'm not hopeless?
[15:10] {dino} out +1.06
[15:10] {Threei}  I hope not, I need to retire sometime
[15:11] {larisa} gj dino
[15:11] {cujo} out full
[15:11] {Threei}  mibbit kicks people today or what
[15:11] {cujo} no retireing yet
[15:12] {dino} ty
[15:12] {cujo} go dino
[15:12] {cujo} nice one. 
[15:13] {dino} ceco sm l .14
[15:13] {cosmo} MRVL 7.50 resistance
[15:14] {larisa} stocks look tired, do not follow market as much
[15:18] {magoo} 240 up..been long time
[15:20] {nemo} bounce in HIG?
[15:20] {nemo} or have to go closer this time to 8?
[15:20] {Threei}  I don't like it dropping while market makes new highs
[15:20] {Threei}  I'd leave it alone
[15:21] {nemo} ty
[15:21] {cujo} Vad, BAC looking like it wants 5...
[15:21] {Threei}  larisa is right
[15:21] {Threei}  not many stocks follow index right now
[15:21] {magoo} 3:40 gonna be interesting
[15:22] {cosmo} birds will be singing...soon
[15:23] {cosmo} ...may be singing
[15:24] {buyemsellem} we are back to yesterday's open
[15:24] {nemo} I wonder if we get a sell off before the speech
[15:25] {cosmo} speech?
[15:25] {nemo} Obama tonight
[15:25] {nemo} The savior issues his daily pronouncement
[15:25] {cosmo} ah...waiting  for obama
[15:26] {nemo} Good title for a book
[15:26] {cosmo} gets old tho
[15:26] {nemo} I never watch
[15:26] {nemo} Hell, I don't even liste to the financial networks
[15:27] {cosmo} i stopped when roy blumberg get kicked
[15:27] {dino} comedy central on here
[15:28] {nemo} TV or this IM
[15:28] {dino} lol
[15:29] {Threei}  both
[15:31] {Threei}  MARKET INTERNALS UPDATE AT 3:30PMET
[15:31] {Threei}  - NYSE volume 1.28B shares, about 25% above its three-month average; advancers lead decliners by 10.9:1.
[15:31] {Threei}  - NASDAQ volume 1.9B shares, about 10% above its three-month average; advancers lead decliners by 2.9:1.
[15:32] {cosmo} not good enough imo
[15:32] {cosmo} need 50% more vol
[15:32] {nemo} volume nothing spectacular...technical bounce
[15:35] {magoo} strong close here might bring in buyers tomorrow
[15:36] {Threei}  we will see
[15:36] {Threei}  let's take one day at a time
[15:36] {Threei}  we are not out of the woods yet
[15:36] {Threei}  not even close
[15:37] {Threei}  we still have to hear financial plan
[15:37] {magoo} yup..or suckers bounce at open and bear kills all
[15:37] {cujo} i wouldn't be suprised with some profit taking today
[15:37] {Threei}  we still have to hear what they are going to do with GM/F
[15:38] {cosmo} qqqq needs 29
[15:39] {Threei}  KS got nice trade going on Qs
06[15:39] * Threei slaps larisa around a bit with a large roll of cash
[15:39] {Threei}  hmmm
[15:39] {larisa} ?
[15:39] {Threei}  that was inteneded for KS
[15:39] {Threei}  sorry :)
06[15:39] * Threei slaps KSystems around a bit with a large roll of cash
[15:39] {Threei}  there
[15:40] {dptl} ok...enought for today....have a good evening all
06[15:40] * Threei slaps KSystems around a bit with a large chart of uptrending market
[15:40] {Threei}  take care dp
[15:41] {KSystems} out Qs here +.56
[15:41] {KSystems} thanks Vad
[15:41] {cujo} nice trade KS
[15:41] {Threei}  always
[15:41] {Threei}  don't know for what though
[15:42] {Threei}  but being polite man I say welcome when thanked
[15:42] {cujo} palm in red territory
[15:42] {cujo} wonder why?
[15:42] {Threei}  ran out of gas
[15:46] {Threei}  this taste of bull market is so nice
[15:46] {cujo} stt gone and went nuts
[15:46] {cujo} look at that thing....
[15:46] {Threei}  I am salivating at the thought of trading when we get full blown one
[15:46] {Threei}  ugh
[15:46] {Threei}  and I knew it had huge potential
[15:46] {Threei}  but no, it to go and shake us out
[15:47] {Threei}  it had to
[15:47] {magoo} im so so excited !!! stop it vad
[15:47] {Threei}  whatever... it was a very nice day as it is
[15:47] {cujo} y
[15:47] {magoo} yes....ty ..i hit 100% today
06[15:48] * Threei slaps magoo around a bit with a large bottle of Prozac
[15:48] {magoo} funny though...scalps
[15:48] {magoo} most under $150
[15:48] {Threei}  that's OK
[15:48] {cujo} magoo, can you let me know when you are going to do that...
[15:48] {Threei}  turn in thinking does not happen in one day
[15:48] {dino} green is green magoo, 
[15:49] {magoo} cujo..i cant bro...i sukked yesterday
[15:49] {Threei}  look where the market is
[15:49] {magoo} see..i regrett it...but i am mojo trader...need up
[15:49] {Threei}  imagine what kind of upside we have when it finally turns
[15:50] {magoo} forgot hpow
[15:50] {dino} yes, but still under thursdays' close
[15:51] {magoo} sure dino...what would be the MOST demorallizing?
[15:51] {magoo} early pop..then crash after obama
[15:51] {Threei}  gosh, even DRYS is green
[15:51] {Threei}  barely but still
[15:52] {magoo} vad..thoughts on my last
[15:52] {magoo} {magoo} sure dino...what would be the MOST demorallizing?
[15:52] {magoo} {magoo} early pop..then crash after obama
[15:53] {larisa} obama is tonight I thought
[15:53] {Threei}  I don't know mags... too many ifs
[15:53] {nemo} So...think we should buy FAZ and go on vacation?
[15:53] {Threei}  let me just be happy I got this day's idea right before the day even started :)
[15:54] {nemo} How's the arm?
[15:54] {Threei}  after so many days of relentless selling it was tough call
[15:54] {magoo} man..just did it again
[15:54] {magoo} GS .40 to .65
[15:55] {nemo} Thank god for your third eye
[15:55] {magoo} exact same 
[15:55] {Threei}  especially with nemo ready to cut my head off as soon as it showed from under the armour
[15:55] {nemo} nahhhhhhhhhhhhhhh
[15:55] {Threei}  lol
[15:55] {fernp} Good evening all. See u tomorrow
[15:56] {magoo} nice work vad..worth thge price of admission he he
[15:56] {Threei}  take care fern
[15:57] {Threei}  STT, you slime
[15:58] {cujo} ok, heading out.  HAve a good one all.  Stay safe out there. 
[15:58] {nemo} P&Q
[15:58] {Threei}  cujo :)
[15:58] {Threei}  OK guys
[15:58] {Threei}  thank you all
[15:58] {nemo} gnite
[15:58] {Threei}  have a geart evening
[15:58] {Threei}  see you tomorrow
[15:58] {larisa} later all :)
[16:00] {dino} fwiw fridays closes, 7366,1172,770

Monday, February 23, 2009

Two sizeable plays covered a few small stops and made the day positive: RIMM long early in the day and CAT short that took a few hours to develop. Nothing outstanding but positive is positive. This selling is probably far from over, so might just as well get used to being very conservative in expectations.

Session Time: Mon Feb 23 00:00:00 2009

[07:36] {nemo} Only you and me Vad...maybe only me...
[08:00] {magoo} morning
[08:01] {nemo} Hi Mags...
[08:02] {magoo} captjn nemo:)
[08:04] {nemo} another 7 1/2 months until hunting season
[08:04] {magoo} some yrs i do spring bear
[08:05] {nemo} I only hunt what I eat...bear isn't one of my favorites
[08:05] {nemo} wish we had caribou around here...meat is great
[08:07] {magoo} wonder where everyone is?
[08:08] {nemo} Yeah...I was thinking the same thing...not usually this dead on a monday...the German contingent just showed up
[08:08] {nemo} Tag herrn K...warum so spaet?
[08:09] {KSystems} morning :)
[08:19] {Threei}  Good morning
[08:20] {nemo} Grand Poobah :)
[08:23] {Threei}  BAC and C are happy
[08:23] {Threei}  well, if these prices an be called happiness at all
[08:23] {nemo} twice is twice
[08:24] {nemo} fas decided to take off
[08:24] {Threei}  NCX
[08:24] {Threei}  IPIC ENTERED AGREEMENT FOR ALL CASH ACQUISITION AT $6/SHR
[08:27] {Threei}  (US) US TREASURY AND FEDERAL RESERVE INTEND TO BEGIN STRESS TESTING ON FEB 25, JOINTLY STATE THAT THE US GOVT STANDS FIRMLY BEHIND THE BANKING SYSTEM
[08:27] {Threei}  - State that US banks remain well capitalized, regulators determined to preserve the viability of "systemically important financial institutions."
[08:27] {Threei}  - Banks that are found to require more capital can turn to private sources first and the govt second.
[08:27] {Threei}  - Notes that banks should remain in private hands.
[08:28] {Threei}  - US capital would be coverted into common equity only as needed.
[08:28] {Threei}  - Statement makes no mention of particular banking institutions.
[08:28] {Threei}  - Reminder: On 2/22 the NYT reported that the US government's stress tests for the 20 largest banks are expected to begin this week and take several weeks. The stress tests will use computer run "what if" situations to estimate what would happen to each bank under Depression like conditions, with unemployment rising to 10-12% or home prices declining 20% further
[08:28] {nemo} They need a stress test for that?
[08:37] {Threei}  PALM
[08:37] {Threei}  HEARING SHARES RAISED TO BUY FROM HOLD AT DEUTSCHE BANK, PRICE TARGET $10
[08:37] {Threei}  where did all the doom and gloom of the last week go
[08:38] {cujo} good morning
[08:38] {Threei}  cujo :)
[08:38] {nemo} market's are bi-polar manic depressive
[08:38] {larisa} good morning :)
[08:38] {nemo} Larisa :)
[08:39] {Threei}  larisa :)
[08:39] {larisa} nemo, threei :)
[08:41] {Threei}  BAC and FAS are above Fri high
[08:48] {magoo} vad..any news RIMM AASPL?
[08:48] {magoo} AAPL
[08:51] {Threei}  no
[08:52] {nemo} C&H on FAS?
[08:53] {Threei}  so far just a cup, and not complete
[08:54] {nemo} I see cup 7:10 to 8:20 and handle between 8:20 to now
[08:56] {Threei}  my chart starts at 8
[08:57] {nemo} just sent it email
[08:58] {Threei}  yeah
[08:58] {Threei}  without normal and with limited particpation that early, patterns are less reliablevolume premarket
[08:58] {nemo} thought you might say that...discretion is the better part of valor
[08:59] {nemo} Having said that...FAS has traded almost 2 million this morning
[09:00] {Onix} gm all
[09:00] {Threei}  Onix :)
[09:05] {Threei}  (US) SENATE MAJORITY LEADER REID (D): NO NEED TO TALK ABOUT BANK NATIONALIZATION
[09:05] {Threei}  ummm
[09:05] {Threei}  no need to do it? Or no need to talk?
[09:05] {cosmo} i didn't know they wer gonna do that..
[09:06] {cosmo} .... 'talk'
[09:07] {Threei}  lol
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:14] {cosmo} DRYS up
[09:14] {pita} gm all ye seekers of truth, justice .......  and money!
[09:15] {Threei}  pita :)
[09:15] {buyemsellem} eh, just money
[09:15] {buyemsellem} gm
[09:15] {Threei}  byem :)
[09:16] {Threei}  08:17am Baltic Dry Bulk Index -0.7%, first decline in 5 days
[09:16] {Threei}  BAC sharp drop
[09:16] {Threei}  that;s probably how they are going to tarde near temr
[09:16] {cujo} Vad, any thoughts on a 40 RIMM break?
[09:16] {Threei}  each word about nationalisation is going to send them up and dow
[09:17] {Threei}  I'd refrain from it for now
[09:17] {Threei}  see, none of them trades on their own at this moment,
[09:17] {Threei}  they all react on banking sector
[09:17] {Threei}  and banking sector rects on every word from high above
[09:17] {cujo} got it.  following the banks.
[09:18] {Threei}  rather, following the market which follows the banks
[09:18] {fernp} Hello everybody
[09:18] {Threei}  fern :)
[09:18] {Threei}  that's important distinction
[09:18] {cujo} got ya. 
[09:18] {Threei}  because at some point market will again disconnect from financials
[09:18] {Threei}  to a degree at least
[09:19] {Threei}  and because this additional link inserted means reaction is a bit muted
[09:19] {Threei}  possibly delayed
[09:20] {Threei}  while market is focused on financials, it's about general flow of the money in the market,
[09:20] {Threei}  but when market starts compartmentalizing financials, it's going to be about redistribution between sectors
[09:24] {Threei}  keeping an eye on PLD
[09:25] {Threei}  nice daily
[09:25] {Threei}  with any market help has a chance for a serious move
[09:32] {Threei} Long Setup:  PLD  7.10 break
[09:32] {ese} now I know how dino feels....god morning
[09:32] {Threei}  ese :)
[09:32] {Threei}  6.95 invalidating
[09:34] {ese} L uaua .04
[09:34] {Threei} Long Setup:  DRYS  4.26
[09:34] {Threei}  stop under .15
[09:34] {Threei}  PLD invalidated as break
[09:35] {ese} crap no i'm not....sorry  it didn't my order
[09:35] {ese} thought i was in
[09:35] {cujo} in DRYS .27
[09:35] {ese} bstop  uaua.20 1/2
[09:36] {ese} L uaua.22
[09:36] {Threei}  let's trail DRYS stop under .20
[09:38] {Threei}  wow UAUA
[09:38] {Threei}  nice find ese
[09:38] {Threei}  06:09am [UAUA] BofA/Merrill Lynch Raised UAUA to Buy from Neutral, price target: $10
[09:38] {ese} out uauaworkin well
[09:39] {ese} i'm not out....weird morning
[09:39] {ese} now i'm out  uaua  .42 +.20 on a 1/2
[09:43] {Threei}  CECO looks heroic again
[09:43] {cujo} stopped
[09:43] {Threei}  out DRYS
[09:44] {Onix} stopped
[09:44] {nemo} Monday morning :(
[09:45] {Threei}  OPEL UNIT: FEBRUARY HAS BEEN BEST MEET MONTH IN 5-YRS FOR VEHICLE ORDERS
[09:48] {Threei} Long Setup:  RIMM  .50 if stays above .30
[09:49] {nemo} invalimadated?
[09:49] {Threei}  for now
[09:50] {nemo} Turned int a "hurry up and wait" open
[09:50] {Threei}  serious selling on AAPL
[09:50] {nemo} Jobs must be dying
[09:51] {dino}   watching vz, mcd
[09:51] {dino} lphi too
[09:52] {wulff} you like USO here
[09:52] {wulff} ?
[09:52] {Threei}  .60 break, could be
[09:53] {dino} asewi
[09:53] {Threei}  just keep it small, USO can be incredibly volatile
[09:53] {dino} asei i mean
[09:54] {wulff} invalid
[09:55] {Threei} Long Setup:  HIG  .50 break if stays above .35
[09:56] {dino} mco
[09:57] {nemo} why .35?
[09:57] {nemo} support last 15 min
[09:57] {dino} vz sm l .70
[09:59] {ese} ya whats up with that AAPL
[10:00] {Threei}  where did all the premarket giddiness go
[10:00] {wulff} more sellers than buyers
[10:00] {nemo} wullf is going for your title vad...
[10:00] {Threei}  wulff... careful... you are venturing on my territory
[10:01] {wulff} learning from the master
[10:01] {Threei}  I will fight for my title of Captian Obvious tooth and nail
[10:01] {wulff} I have only one tooth, but its sharp
[10:01] {ese} RMBS
[10:02] {Threei}  RMBS RECEIVE POSITIVE RULING IN SUPREME COURTON ROYALTIES, REJECTING FTC RULING
[10:02] {Threei}  REJECTING FTC ATTEMPT TO LIMIT RAMBUS ROYALTIES
[10:03] {wulff} WFC pullback
[10:03] {ese} l rmbs 1/2 .77
[10:04] {dino} es, asei?
[10:04] {dino} 65ish?
[10:05] {dino} last time dji was up over 100, was 02/06
[10:05] {nemo} makin' any predictions dino?
[10:06] {ese} that has potential dino
[10:06] {dino} yeah, in 15 weeks we are at zero on dji, ndx, s/p. start over
[10:10] {ese} out rmbs ..98 +.22
[10:10] {Threei}  RIMM half lot long on pullback into 39, with stop under 38.90
[10:11] {Threei}  good one ese, looked quite nervous
[10:11] {fernp} gj ese
[10:11] {ese} that might have been a little to volitaile for my liking.....worked out but was in too soon
[10:11] {dino} ndx trying to catch up to s/p drop last week
[10:11] {dino} gj es
[10:11] {ese} tks
[10:12] {ese} asei.......man  where to get in is the question
[10:12] {ese} thin thin thin
[10:12] {dino} spready too
[10:12] {dino} needs retest, to see if holds imo
[10:13] {nemo} market slowly dying too
[10:13] {dino} in bear markets, we wait
[10:13] {ese} ya .20 spread most times
[10:13] {dino} mco quite the 3 day beating
[10:13] {nemo} RIMM retesting bottom?
[10:14] {dino} dk
[10:15] {dino} asei lod
[10:15] {nemo} g'nite FAS
[10:17] {Threei}  half out RIMM
[10:17] {Threei}  scalpers take profit
[10:18] {ese} volume really thin on most stocks.....hence the volitility.....man there ain't nothin left to sell on alot of the stuff i follow
[10:18] {dino} asei sm l .21 risky
[10:18] {Threei} Long Setup:  HIG  .81
[10:19] {Threei}  stop .73
[10:19] {Threei}  out RIMM in full
[10:19] {ese} csiq usually a couple of mil by this time not even 170 thou.....no wonder it's being tanked
[10:20] {Threei}  if missed HIG first time, here is second chance
[10:20] {Threei}  gave .80 entry
[10:20] {Threei}  sold RIMM too soon eh
[10:21] {magoo} out rim .74 TY boss
[10:21] {Threei}  nice patience mags
[10:21] {buyemsellem} out .70 rimm
[10:21] {Threei}  wtg guys
[10:22] {Threei}  PPD
[10:22] {Threei}  BARRY MINKOW'S FRAUD DISCOVERY INSTITUTE OUT WITH A NEGATIVE REPORT TITLED "PONZI PLUS PYRAMID EQUALS PRE PAID LEGAL" (TIMING UNCERTAIN)
[10:23] {Threei}  half out HIG
[10:23] {Threei}  scalpers take profit
[10:24] {ese} was tath 67.21 dino?
[10:24] {ese} aesi
[10:25] {dino} y
[10:25] {dino} having trouble getting out of it w/spread
[10:26] {wulff} WFC waiting, tight entry
[10:27] {Threei}  what are you trying to do with it wulff?
[10:28] {wulff} Long on 12 break
[10:29] {Threei}  HIG balance stop to under .80
[10:31] {Threei}  out HIG balance
[10:34] {Threei}  US PRESIDENT OBAMA: US GOVT TO DISSEMINATE APPROX $15B TO STATES TO ASSIST WITH MEDICAID
[10:36] {dino} medicaid=afam, amed i thinl
[10:36] {dino} asei stopped, broken
[10:37] {Threei}  market resumes that dreadful slow slide
[10:37] {Threei}  watching CAT klittle bounce to define the resistance for a stop placement,
[10:38] {Threei}  short .05 breakdown is the idea
[10:38] {Threei}  PRESIDENT OBAMA NAMES EARL DEVANEY AS OVERSEER FOR STIMULUS FUNDS
[10:39] {Threei}  26.02 and 26.03 support from last couple dayts
[10:39] {Threei}  if losing 26, and market continues this drift down, this is bottomless
[10:39] {nemo} making a call MOTO?
[10:39] {Threei}  not a scalp trade for me
[10:40] {cujo} stop?
[10:40] {cujo} on the CAT?
[10:40] {Threei}  above .15 or .20
[10:40] {Threei}  hard to tell which is better
[10:40] {Threei}  both are valid
[10:43] {Threei}  come on kitty kitty
[10:43] {Threei}  lose that 26
[10:45] {Threei} Short Setup: HIG  .50 breakdown half lot
[10:45] {Threei}  stop above .65
[10:47] {dino} asei hits low 65s original gut feel was right
[10:51] {nemo} Well Vad, that's what you get for talkin' nice to the kitty.  Your compassion for your houseguest got you this time
[10:51] {nemo} FD:  I was cat sitting for 4 of them last week
[10:52] {Threei}  didn't get me yet
[10:52] {cujo} mom, kitty bein a di*do...
[10:52] {cujo} any southpark fans out there...?
[10:52] {wulff} si
[10:52] {nemo} kept .20 stop...no southpark for me
[10:52] {Threei}  and if you are uneasy with it, just cover here for a negligible stop
[10:54] {Threei} Long Setup:  RIMM  .75
[10:54] {Threei}  stop will be defined by this pullback
[10:54] {Threei}  want it to be under .60
[10:56] {nemo} lookin' for C&H on RIMM?
[10:56] {Threei}  yes
[10:56] {nemo} ty
[10:56] {nemo} kick cat vad
06[10:57] * nemo hold's cat's head under water
[10:58] {Threei}  RIMM invalidated
06[10:59] * nemo watches air gurgle from CAT's throat
[11:01] {Threei}  amazing how many setups don't trigger today
[11:01] {nemo} How many lives CAT got Vad:
[11:02] {nemo} Think the magoo maneuver worth a try?
[11:02] {dino}  obama's daily speech
[11:02] {magoo} ego-maniac]
[11:03] {nemo} It's part of the job description Mags
[11:03] {nemo} Funny, now CAT's got a double bottom so long??? oy weh
[11:08] {cujo} down kitty kitty
06[11:09] * cujo slaps CAT around a bit with a dead fish
[11:12] {dino} cnbc bragging that c is up 10%, whoopie, .18
[11:13] {Threei}  lol
[11:13] {ese} quiet buying goin on thought TICK +331 TRIN .61.....good market internals
[11:16] {Threei}  CA) CANADIAN PM HARPER: UNCLEAR HOW RECESSIONS WILL END UNTIL THE WORLD FIXES PROBLEMS IN FINANCIAL SECTOR
[11:16] {Threei}  hmmm
[11:16] {cujo} u giving up the title?
[11:16] {Threei}  I like the guy but really, do I need more competition?
[11:16] {nemo} I wouldn't call him competition
[11:16] {nemo} He couldn't hold a blowtorch to you
[11:17] {Threei}  this statement by him shows the potential
[11:18] {nemo} Yeah, but he has speech writers.  Do you think he thought it up?
[11:18] {nemo} You're the real deal
[11:19] {dino} asei big move off lows, may be worth another try
[11:19] {dino} strange day for a monday
[11:20] {Threei}  yeah
[11:25] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=akL0whi55dwc
[11:29] {Threei}  yawn
[11:30] {dino} ditto
[11:31] {Threei}  ok CAT
[11:31] {dino} watching mcd, asei for 65ish, mco , and lphi fwiw
[11:31] {Threei}  show us what you are capable of
[11:34] {Threei}  fairtly long consolidation under .15... I guess we can trail stop to .16 now
[11:35] {Threei}  next leg down should take us into 1:1
[11:49] {Threei}  okay... CAT is over 1:1
[11:49] {Threei}  half out .83
[11:49] {Threei}  stop to above b/e
[11:54] {Threei}  planning to cover 1/4 more somewhere closer to .50
[11:54] {Threei}  and see if I can get closer to 25 on the last portion
[11:55] {Threei}  you all fell asleep or there isd anyone breathing still?
[11:55] {cujo} i'm still in
[11:55] {cujo} but yes, fell asleep for a sec
[11:55] {Threei}  covered part?
[11:55] {cujo} yes 2/3
[11:55] {cujo} still live on 1/3
[11:55] {cujo} limit order in at .50
[11:56] {wulff} still in
[11:58] {cujo} you think stop at .88 safe or too close Vad?
[11:59] {Threei}  .91 seems more logical
[11:59] {cujo} ok
[12:01] {Threei}  new low
[12:01] {Threei}  slowly but surely
[12:02] {Threei}  accelerates
[12:02] {Threei}  BAC
[12:02] {Threei}  NY AG FILES MOTION SEEKING THAIN TESTIMONY ON MERRILL BONUSES; AG SAYS BOA INSTRUCTED HIM NOT TO ANSWER
[12:03] {Threei}  lol... CNN headline:
[12:03] {Threei}  president tackles the economy
[12:04] {Threei}  meaning, if he is successful in tackling it, it tumbles down, right?
[12:06] {dino} cnbc. bac up 11%, another whoopie, +.20
[12:06] {Threei}  lol
[12:08] {dino} govt' 40% of c, like thats not nationalization
[12:08] {dino} another 10%+ is coming boys and girls
[12:08] {Threei}  covered 1/4 more CAT
[12:08] {Threei}  +.45
[12:09] {dino} they are wasting our tax money. the fdic is there on the depositors, sieze it and get it over with
[12:09] {dino} ok, my daily rant is over
[12:09] {Threei}  oops
[12:09] {Threei}  I just wanted to join in
[12:18] {wulff} my wife asked me the other day if I was shorting stocks.
[12:18] {wulff} I told her, ummmm, yes.
[12:18] {wulff} She yelled at me for getting some TARP money! 
[12:19] {wulff} LOL
[12:19] {nemo} get rid of her
[12:20] {dino} ironically, the govt would have been better off spending that tarp money on puts
[12:20] {Threei}  lol
[12:20] {nemo} Yeah, but then they would have had to pay capital gains
[12:20] {dino} wou;d have made about 350 billion\
[12:21] {nemo} somebody would have bitched
[12:21] {dino} of course, politically that is "evil"
[12:22] {dino} i have to say, a year ago i never thought we would see 7200s again
[12:25] {Threei}  tide seems to turn
[12:26] {Threei} Long Setup:  RIMM  .05
[12:27] {Threei}  just aa scalp
[12:27] {Threei}  stop under .95
[12:29] {Threei}  no go
[12:30] {dino} obama speecg at 1:00 agaiin
[12:30] {nemo} RIMM bounce candidate 
[12:30] {Threei}  oh boy... what about this time?
[12:30] {nemo} huh?
[12:30] {dino} fiscal something or other
[12:31] {nemo} Ooohhhhhhh
[12:31] {nemo} deficits?  Stimulus? responsibility?  what?
[12:32] {wulff} basketball
[12:32] {nemo} he's giving a speech on basketball?
[12:32] {Threei}  trailing stop to .85 CAT
[12:33] {dino} another lecture i suppose
[12:37] {Threei}  PREVIEW: ATLANTA FED PRESIDENT DENNIS LOCKHART IS SCHEDULED TO SPEAK ON THE US ECONOMY BEGINNING AT 12:40PMET
[12:37] {Threei}  - audience Q&A is expected
[12:37] {Threei}  - reminder: last week Lockhart said recession will most likely continue through the first half of 2009; modest recovery is possible in second half of 2009, but any recovery faces numerous headwinds
[12:38] {Threei}  - Lower mortgage rates are aiding housing, although housing is still burdened by excess inventory.
[12:38] {Threei}  - Financial sector remains troubled, but there are modest signals that the sector is improving a bit.
[12:46] {Threei}  with all Picken's appearances on TV today, CLNE looks quite crappy
[12:48] {Threei}  dies already CAT
[12:48] {Threei}  -s
[12:48] {Threei}  stp can be trailed to .81
[12:49] {Threei}  not that it matters much vs .85... just playing by the book
[12:50] {Threei}  from pure theoretical point of view... as far as I understand, this is the first time Keynes theory is going to be fully tested in real world
[12:50] {Threei}  fascinating
[12:54] {Threei}  .50 loss is coming on CAT
[12:55] {Threei}  will trail stop to .65 after that
[12:57] {Threei}  US) HOUSE SPEAKER PELOSI: HOPES TO BRING MORTGAGE CRAMDOWN TO THE FLOOR OF THE HOUSE ON THURSDAY
[13:00] {Threei}  here we go CAT
[13:00] {Threei}  stop to .65
[13:00] {Threei}  cujo, you covered all or still got some?
[13:01] {Threei}  I think I am lone here
[13:01] {Threei}  alone
[13:01] {wulff} cujo at CAT
[13:02] {wulff} I have half lot
[13:02] {fernp} here I am. Not in CAT but reading you :)
[13:02] {Threei}  okay... I was looking for an excuse to fall asleep till tomorrow
[13:02] {Threei}  but no, wulff and fern had to ruin it for me
[13:03] {dino} .
[13:03] {wulff} good kitty
[13:03] {Threei}  very
[13:05] {dptl} whew..powere is back...good morning all
[13:05] {Threei}  C
[13:05] {Threei}  CNBC'S GASPARINO: SOURCES INDICATE A DEAL WITH THE US GOVT MAY COME AS EARLY AS TODAY OR TOMMOROW; AMOUNT TO CLOSE TO $40B
[13:05] {Threei}  dp :)
[13:06] {wulff} covered. later
[13:06] {wulff} oh TY
[13:06] {Threei}  welcome
[13:06] {Threei}  you got about 50 cents on this one?
[13:10] {Threei}  FED'S LOCKHART: SEE VERY LOW RISK OF HYPERINFLATION, FED MORE CONCERNED ABOUT INFLATION BEING 'TOO LOW' - Q&A
[13:10] {nemo} That's funny...I'm watching prices go up on food, and clothing
[13:11] {Threei}  - Notes will be difficult for China to increase consumption quickly
[13:11] {Threei}  - "worried" about commercial real estate
[13:19] {cujo} Vad, grat call on CAT.  Was away from Comp for a sec.  Got about +.45
[13:19] {cujo} got out  a little earlier than you
[13:20] {Threei}  wtg cujo
[13:20] {Threei}  great trade
[13:20] {cujo} took some time but well worth it. 
[13:21] {nemo} This cram down thing...when was the last time contract law was broken on a large scale?
[13:21] {tomg} does anyone know how to create a sound alert for Vad's highlighted calls?
[13:22] {cujo} right click onhis name
[13:22] {cujo} go to info
[13:22] {cujo} then the highlight tab
[13:22] {cujo} create a rule with his name in it
03[13:22] * Looking up tomg user info...
[13:22] {nemo} right click on the "#floor" icon above.  Then turn on "Beeping"
[13:22] {cujo} but will sound every time Vad says something
[13:23] {cujo} not just for calls...
[13:23] {Threei}  wow... they hid it well
[13:23] {Threei}  wouldn't even think to look for it in there
[13:23] {nemo} Yeah, it'll be ringing in your ear all day.  We need to create the sound effect of Vad patting himself on the back.
[13:24] {nemo} whoa...didn't realize what that was
[13:24] {tomg} ty, i was hoping there could be an alert for just the highlighted calls, for times when I'm away from the computer
[13:24] {dino} lol fiscal respojsibility speech. just doubled deficit and giving handouts all around
[13:24] {nemo} Vad will have to have a window just for calls
[13:25] {Threei}  tom
[13:25] {Threei}  what you can do is to set a sound for words
[13:25] {Threei}  long setup
[13:25] {Threei}  short setup
[13:26] {tomg} ah, ok, that might work
[13:26] {Threei}  won't work when I forget to use the script though
[13:29] {nemo} This must be what they talk about when they say private equity must help.  Either way, we pay...http://www.bloomberg.com/apps/news?pid=20601087&sid=aGqIiR1PCrq8
[13:30] {Threei}  PRESIDENT OBAMA REITERATES PLEDGE TO CUT DEFICIT IN HALF BY 2013, BUDGET TO BE SUBMITTED THIS WEEK WILL LOOK FORWARD 10 YEARS
[13:30] {Threei}  that's serious crystal ball they use in white house
[13:31] {nemo} crystal meth I think
[13:32] {Threei}  that was uncarachteristically brief
[13:33] {cujo} cheerleaders stayed home this time...
[13:33] {dino} this guy hurts the markets more than bush did
[13:44] {Threei}  done with CAT
[13:54] {nemo} Hello...am I back Magoo?
[13:54] {Threei} Long Setup:  UAUA  .5o break if stays above .45
[13:54] {magoo} 'yup
[14:00] {wulff} are you calling a break of the high of the day?
[14:00] {Threei}  invalidated
[14:02] {Threei}  if we get severe market selling, watching NVDA for short, .25 trigger
[14:03] {Threei}  invalidation above .35
[14:04] {nemo} full lot
[14:06] {wulff} UAUA!
[14:06] {wulff} stupid
[14:11] {Threei}  {UAUA} why are you calling me stupid
[14:16] {nemo} what just happened in financials?
[14:16] {magoo} any chance this mkt could close flat?
[14:17] {Threei}  easy
[14:17] {Threei}  just -130 down
[14:17] {Threei}  WHITE HOUSE PRESS SECRETARY REITERATES THAT THE ADMINISTRATION BELIEVES A PRIVATELY HELD BANKING SECTOR IS THE BEST WAY FORWARD
[14:18] {dino}   that is going to getb old fast
[14:18] {Threei}  exactly
[14:18] {Threei}  notice also this smooth way to avoid direct answer
[14:19] {Threei}  there is always a room left for "we don't want to but we have to"
[14:19] {Threei}  ADMINISTRATION BELIEVES A PRIVATELY HELD BANKING SYSTEM REGULATED BY THE FED IS THE BEST WAY FORWARD
[14:19] {Threei}  regulated by the Fed, eh
[14:19] {cujo} ugh
[14:19] {cujo} that sounds fun
[14:19] {cujo} will be buying gold
[14:20] {Threei}  all of it?
[14:20] {cujo} ha, yes.  every last piece.  
[14:20] {Threei}  - asked about Citigroup, says will not comment on individual banks
[14:30] {magoo} vad..what spike we need to bring in fliuppers to long side?
[14:30] {dino} tequilla type
[14:31] {cujo} did someone say tequilla...?
[14:31] {nemo} Who gets the worm?
[14:31] {cujo} tequila doesn't have worm..  
[14:31] {nemo} Yeah, one of them does
[14:32] {Threei}  can't answer like this mags
[14:32] {cujo} mezcal is the one that has the worm
[14:32] {nemo} or did.  I haven't spoken with Tequilla in years.  Me and Jack Daniels haven't spoken since college
[14:32] {Threei}  we need something more substantial than "we don't want to nationalize the banks"
[14:32] {Threei}  this is bs
[14:32] {nemo} Welcome to politics
[14:32] {Threei}  and all spikes on these statements will get faded
[14:33] {Threei}  AIG
[14:33] {Threei}  REPORTEDLY IN DISCUSSIONS WITH GOVT FOR ADDITIONAL FUNDS - CNBC
[14:33] {cujo} diff type of drink, kinda like tequila though...
[14:33] {Threei}  my feeling is,
[14:33] {dino} they do not have a plan, that is the problem. the easy way out was m2m reform based on cash flows....they said no to it
[14:33] {Threei}  until market hears something of substance from these guys
[14:34] {Threei}  and decides it likes it,
[14:34] {Threei}  no rally will be sustainable
[14:34] {dino} aig, now what are we up to 120 billion or so
[14:34] {Threei}  that's what market hates dino, I agree
[14:34] {Threei}  no plan,
[14:34] {Threei}  no details,
[14:34] {Threei}  no hint that they know what they are doing,
[14:34] {Threei}  markert sees a bunch of scared kids
[14:34] {dino} they don''t want to let the system fix itself
[14:35] {Threei}  who throw spagettin at the wall and watch if anything sticks
[14:36] {dino} you must accept the pain or it will last much longer and cost much more. already citi is at something like 80 billion, when does this nonsense end? in every other business the stockholders get wiped out
[14:36] {Threei}  when techs crashed in 2000,
[14:36] {Threei}  how come no bailouts were even contemlated?
[14:37] {Threei}  no one even thought of saving any of them
[14:37] {Threei}  and more importantly,
[14:37] {Threei}  if they tried,
[14:37] {Threei}  would any of those "rescued" companies survive anyway?
[14:37] {dino} nope
[14:37] {Threei}  seems to be painfully obvious that they wouldn't
[14:38] {Threei}  I don't see how this is principally different
[14:38] {Threei}  throw whatever money you want at them,
[14:38] {Threei}  if they are insolvent, they are insolvent
[14:38] {Threei}  toxic assets are not going anywhere
[14:38] {cujo} well, to be devils advocate, our economy didn't depend on a lot of the .coms making it through the crash.  
[14:38] {dino} well, some major newspaper just filed, whats the difference.
[14:38] {Threei}  no, not to such degree
[14:39] {Threei}  but the point is,
[14:39] {Threei}  these measures can't save them anyway, just as they wouldn't save techs
[14:39] {dino} also, look now they talk of bankruptcy loans for gm, after wasting 30+ billion
[14:39] {cujo} yeah, good money on bad. 
[14:39] {Threei}  so, we are going in the direction of inevitable crash for them anyway,
[14:40] {Threei}  only we burn incredible amount of money in the process
[14:40] {Threei}  and the worse yet,
[14:40] {dino} you get the carrot
[14:40] {Threei}  we are reworking the very fabric of the society and psychology of ther public
[14:41] {Threei}  What was it that undermined the economic structure of the Soviet Union?
[14:41] {Threei}  absence of motivation to work
[14:41] {dino} if it wasn't an election year in sept. when this all started, they would have went into bankruptcy before throwing all the hundreds of billions around
[14:41] {Threei}  system where better work was not better rewarded,
[14:41] {cujo} like unions in the US...
[14:41] {Threei}  laziness was not punished
[14:42] {Threei}  so people pretended they worked while state pretended it paid
[14:42] {nemo} which was the famous saying
[14:43] {Threei}  my rant for the day is over
[14:43] {cujo} i can take over if you want...
[14:43] {Threei}  comrade magoo has the tribune
[14:43] {Threei}  or comrade cujo
[14:43] {nemo} You moved here just to go through it all over again
[14:44] {Threei}  no kidding, lol
[14:44] {Threei}  what's next, Antarctica?
[14:44] {cujo} COMMUNISM: You have two cows. The government takes both and gives you spoiled milk.
[14:44] {dino} lol
[14:44] {dawg} jeeeee...sus christ RIMM scalp in .35 out .47 still goin'
[14:44] {Threei}  if penguins start building socialism, what do I do next?
[14:45] {nemo} get a tux?
[14:47] {Threei}  TREASURY WILL BEGIN STRESS TESTS ON FEB 25 WITH "AN AGRESSIVE TIME TABLE" - CNBC'S LIESMAN
[14:48] {nemo} Folks, the trader tax has been inserted in the Universal Health Care Bill
[14:48] {Threei}  dawg... careful with RIMM scalps on a ,long side
[14:49] {Threei}  looks like we are headed for the crash
[14:49] {dawg} OK thanks Vad done for now
[14:49] {Threei}  US SENATOR LEVIN: PLANS TO INTRODUCE BILL TO TIGHTEN OVERSIGN OF PENTAGON WEAPONS PROGRAMS
[14:49] {Threei}  not saying they are impossible, just keep size to a min
[14:50] {Threei}  and let it slide farther than you normally would before trying entry
[14:50] {dawg} thanks Vad 
[14:54] {Threei}  see what I mean?
[14:54] {Threei}  straight down through the day low, no slightest attempt to bounce
[14:54] {Threei}  normally you would try to get in around .15
[14:55] {Threei}  in this case you'd better wait for another 10-15 cents down
[14:55] {Threei}  and even that ws what, 10 centss bounce
[14:55] {dawg} k
[15:00] {fernp} NVDA short w/stop above .36?
[15:00] {Threei}  with next wave of market selling, worth a try
[15:12] {cujo} ss CAT .30
[15:12] {cujo} stop at .46
[15:12] {nemo} CAT's going up
[15:12] {cujo} thanks...
[15:13] {cujo} stpd
[15:13] {cujo} ugh
[15:14] {cujo} stpd = stopped
[15:21] {Threei}  reletnless
[15:24] {nemo} CALLING THE PPT!!!!
[15:26] {dino}  ugly days
[15:26] {larisa} Paulson starting to look good to me. At least he treid to explain things :)
[15:26] {Threei}  lol
[15:26] {Threei}  Terrific Tim is MIA
[15:27] {nemo} It's the end of the world as we know it...and Iiiiiii feeeeeelllll fine.....
[15:28] {dino} -14.4% dji since 02/09/09; -12% s/p; -12% ndx
[15:36] {Threei}  hey, at least we have consistency across the board
[15:36] {nemo} Yeah, Red is dead
[15:41] {nemo} So, Larisa,,,green today?
[15:41] {Threei}  lol
[15:41] {Threei}  -220
[15:41] {Threei}  am I ever so glad I am staying very conservative day after day
[15:41] {Threei}  a few small stops, nice winst on RIMM and CAT
[15:41] {Threei}  keep day positive
[15:42] {Threei}  nothing outstanding but hell
[15:43] {larisa} I forgot how green looks nemo :)
[15:43] {Threei}  ah come on, we had green Fri
[15:44] {nemo} Did we...so long ago
[15:44] {Threei}  you don't mean your meory span doesn't go that far, do you
[15:44] {nemo} vodka
[15:44] {dino} no green friday
[15:44] {Threei}  ok, on NASDAQ
[15:45] {dino} ok 
[15:45] {Threei}  :)
[15:45] {larisa} lol
[15:45] {nemo} friggin' optimists
[15:45] {Threei}  see how these "no nationalization" talks lose their power in a hurry?
[15:45] {Threei}  jawboning will get you just so far
06[15:45] * nemo slaps magoo around a bit with a large with a screaming alarm clock
[15:46] {Threei}  also... don't you think that we can safely dismiss conspiracies about giverment's ability to manipulate markets?
[15:47] {Threei}  I mean, if they really could... would we witness this murderous reaction on all latest dovt actions?
[15:47] {nemo} Wall Street's doin' it to get better prices :)
[15:47] {Threei}  uhhu
[15:47] {nemo} kidding
[15:47] {Threei}  I know
[15:47] {Threei}  I would write an article on manipulation
[15:48] {Threei}  but for some reason this topic invokes so much anger is conspirasy theorists
[15:48] {Threei}  is = in
[15:48] {larisa} Geithner will be silent until next year.. see if it affects the market :)
[15:48] {Threei}  I just don't want to waste my time on deleting angry posts
[15:48] {Threei}  yeah, maybe they meant it after all, eh
[15:48] {Threei}  when said next year
06[15:50] * Threei is bidding RIMM at $9
[15:50] {Threei}  who knows, maybe I'll get my fill this week
[15:50] {nemo} that mexican accent again
[15:51] {Threei}  no, that would be "pheel"
[15:51] {Threei}  or pheal
[15:51] {dino} turnaround tuesday coming up
[15:52] {Threei}  why?
[15:52] {nemo} turndown tuesday
[15:52] {dino} no other reason than "why not"
[15:52] {larisa} do not ask why, lets believe him :)
[15:52] {Threei}  oh
[15:52] {Threei}  I don't mind
[15:52] {Threei}  for a change I'd be glad to play long
[15:52] {cosmo} i believe
[15:52] {dino} 740 s/p nov lows
[15:52] {cosmo} :)
[15:53] {dino} ndx still 108 pts above
[15:53] {nemo} Actually, look at how many companies aren't at 52 week lows.  
[15:54] {Threei}  US TREASURY DECLINES COMMENT ON ADDITIONAL GOVT AID FOR AIG
[15:54] {Threei}  why?
[15:54] {nemo} We don't need to know
[15:54] {Threei}  and are not supposed to ask?
[15:54] {nemo} Yes comrade
[15:54] {nemo} to Dherzinski with you
[15:55] {dino} well, back to the 300 pt daily range
[15:56] {nemo} I hear Lubyanka has nice drapes
[15:56] {larisa} nemo, you are overeducated :)
[15:56] {Threei}  no kidding, lol
[15:56] {dptl} have a good evening all
[15:56] {nemo} Spend too much time with Ruskies
[15:56] {larisa} bye dp
[15:56] {Threei}  take care dp
[15:57] {dino} cya dp
[15:57] {nemo} That was a quiet 250 points down
[15:57] {Threei}  yeah
[15:57] {Threei}  no panic
[15:57] {Threei}  no huge volume
[15:58] {Threei}  no sharp selloff
[15:58] {Threei}  what does it tell us?
[15:58] {nemo} Yeah, nobody knows and it ain't worth guessin'
[15:58] {cosmo} no capit. yet
[15:58] {Threei}  yup... it's far from over
[15:58] {nemo} Great...
[15:59] {Threei}  orderly liquidiation
[15:59] {nemo} Parachutes and hemmrhoid pillows
[15:59] {Threei}  women and children first to the exit
[15:59] {Threei}  nothing to see here, move away
[15:59] {nemo} Nope...me first
[16:00] {Threei}  okay guys
[16:00] {Threei}  thank you all
[16:00] {nemo} Well Mr. Threei, how was the play?
[16:00] {Threei}  have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {larisa} later all
[16:00] {nemo} P&Q
[16:00] {vint} bye guys, see u all tomorrow
[16:00] {fernp} good evening all

Friday, February 20, 2009

Fri Feb 20 2009

Ending the week on a strong note, Not a single losing day which in and of itself is not a small feat when the markets are hurting like this. Short ADBE started us out, and the rest of the day was in tune - almost everything worked like charm.

Session Time: Fri Feb 20 00:00:00 2009

[08:24] {larisa} good morning :)
[08:25] {Threei}  Good morning larisa
[08:25] {larisa} threei :)
[08:30] {Threei}  JAN CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD%ENERGY M/M: 0.2% V 0.1%E;
[08:30] {nemo} good morning...the futures look great?
[08:30] {Threei}  both, futures look and future looks
[08:31] {nemo} have no idea about future?
[08:31] {Threei}  why... I am pretty sure sun will rise tomorrow
[08:31] {magoo} mornink comrades
[08:32] {nemo} but will I?
[08:32] {Threei}  and I would venture as far as predict after tomorrow as well
[08:32] {Threei}  magoo :)
[08:33] {Threei}  magoo, it's a pleasure to watch you connecting these days... smoothly, with no kicks, screaming, falling, climbing back up...
[08:33] {magoo} roflol..i was jusdt thinking that..how enjhoyable its been
[08:34] {Threei}  took me just a month of begging you to ask KS for help with mirc
[08:34] {Threei}  no one can call you stubborn, can they
[08:35] {magoo} nope...looky dino..he hasnt got it correct yet...
[08:36] {Threei}  how about some brotherly love... paying it forward... helping him now that you got it
[08:36] {cujo} good morning
[08:36] {Threei}  cujo :)
[08:36] {cujo} is someone handing out money?
[08:36] {cujo} i want in... 
[08:37] {Threei}  white house does cujo... with congress
[08:37] {cujo} ahhhh, thought someone in the room might have won the lottery... 
[08:38] {Threei}  (HU) HUNGARIAN GOVT SPOKESMAN: PM PROPOSES TO REVISE LAW THAT WOULD ALLOW MARKET REGULATOR TO BAN SHORTING
[08:38] {magoo} cant do it vad lol...we dont work that way...brought up on negative reinforcemt
[08:38] {Threei}  yup, that'll help them
[08:38] {Threei}  mags, you sure I am not you third long lost brother?
[08:41] {Threei}  (FR) FRENCH EU MIN: HOPES THAT EU STATES WOULD AID ANY MEMBER IN FINANCIAL DISTRESS
[08:41] {magoo} mmy dad did take a misstress in the cold war days vad
[08:43] {Threei}  a lot of hectic news headlines from Europe
[08:44] {Threei}  GE under 10 again and looks comfortable staying there
[08:54] {magoo} see dino vad
[08:55] {Threei}  yup
[08:55] {Threei}  painful
[08:58] {hawkfan4} morning
[08:58] {Threei}  hawk :)
[09:00] {hawkfan4} end of days part whatever, i've lost count
[09:01] {magoo} we may be setting up for blaclk monday...this is getting badddddd
[09:01] {dino} or capitulation friday
[09:01] {hawkfan4} i thought that too when i first looked at the futes this morning, scary stuff
[09:01] {patience} its options expiry today isnt it
[09:01] {dino} rimm 40 area
[09:02] {hawkfan4} yes
[09:02] {Threei}  GLD nice gap over highs
[09:03] {Threei}  is gold knocking on 1000 or broket it already?
[09:04] {patience} knocking
[09:04] {patience} 997.4
[09:04] {dino} ge new lows
[09:05] {Threei}  FAS under 4.50
[09:06] {nemo} faz jumps 10 overnight
[09:07] {dino} ge market cap $100 billion, msft could almost buy them w/theirs' and gates' cash
[09:07] {fernp} Hello everybody
[09:07] {hawkfan4} VIX only at 47, high is 89
[09:07] {Threei}  fern :)
[09:07] {gen} gm everybody
[09:08] {Threei}  volatility is way lower than it used to be in Nov, hawk
[09:08] {Threei}  gen :)
[09:08] {gen} Vad :)
[09:09] {Onix} gm all
[09:09] {Threei}  onix :)
[09:10] {magoo} problem is...psychologically, mkt participants are not so worried about missing a turn anymore..as more afraid of a crash 
[09:11] {Threei}  so let's crash and get it over with
[09:11] {magoo} so a selloff can easily escalate..whereas a bounce most likely used as exits
[09:13] {Threei}  that's how real capitulatory selloffs are usually developing
[09:13] {Threei}  until masses just give up and flood all the channels with "just get me out so I could never hear about stock market again"
[09:14] {Threei}  TRMP
[09:14] {Threei}  GETS DELISTING NOTICE FROM NASDAQ; CO. DOES NOT INTEND TO APPEAL
[09:14] {Threei}  - Shares to be delisted from Feb 26, 2009
[09:14] {Threei}  - Reminder: 02/17 00:54:01 TRMP: TCU 2 unit and TRMP file for bankruptcy
[09:14] {dino} hmmm, what type of music today.....
[09:15] {dino} trump filed bankruptcy yesterday i think
[09:15] {dino} casino that is
[09:15] {Threei}  a few days ago, yeah
[09:15] {Threei}  third time
[09:18] {dino} t, vz upgraded at goldman
[09:20] {dptl} good morning all
[09:21] {Threei}  dp :)
[09:23] {magoo} shorts may cover today vad...because had big down wk and afraid of some weekend anncmt
[09:23] {Threei}  that's a valid assumption
[09:23] {Threei}  another, just as valid is,
[09:23] {Threei}  longs are going to run in panic
[09:23] {nemo} I can't imagine any announcement being good
[09:24] {nemo} but who wants to be caught in any position for any length of time
[09:25] {Threei}  (FR) FRENCH FIN MIN LAGARDE: CONSENSUS IS THAT LEADERS WILL NOT ALLOW ANOTHER 'LEHMAN-TYPE' EVENT TO OCCUR AGAIN
[09:25] {Threei}  okay guys
[09:25] {Threei}  plan is the same
[09:25] {Threei}  do not form opinions,
[09:26] {Threei}  stay careful, stay picky,
[09:26] {nemo} be one with the market
[09:26] {Threei}  let's wait for safe play to shape up,
[09:26] {wulff} wait, i think that...
[09:26] {Threei}  dismiss the anxiety of missing the play,
[09:26] {Threei}  let them go easily,
[09:27] {Threei}  wait for the one that priovides best odds but first and foremost, tight stop
[09:27] {magoo} coffee
[09:27] {Threei}  you know what our major advantage over most ot ofther market participants is, right?
[09:28] {cujo} what is that?
[09:28] {Threei}  ability to stay on a sideline
[09:28] {dino} relax
[09:28] {Threei}  unlike most of them who either have to be fully invested,
[09:28] {Threei}  or obliged to make market
[09:28] {cujo} yes, makes sense. 
[09:29] {Threei}  so take the full advantage of our advantage
[09:29] {Threei}  sit in the trenches and wait for weak anthelope
[09:29] {cujo} FAZ taking off
[09:30] {Threei}  watching ADBE with short idea in mind
[09:31] {Threei}  need it to stabilize and form a range
[09:31] {Threei}  .80 support so far
[09:31] {Threei}  hopefully it doesn't break it right away
[09:31] {Threei}  ugh
[09:32] {dino} damn, where did i put my 7000 dji hat
[09:33] {dino} esi +2
[09:33] {dino} edu took beating yesterday, watching esi, cpla, apol
[09:33] {larisa} PALM green :)
[09:34] {dino} dji, does not matter...eyes on ndx, s/p
[09:34] {Threei}  yesterday:
[09:34] {Threei}  Sprint reportedly has exclusive agreement to sell the PALM Pre through 2009 - unconfirmed report
[09:35] {Threei}  OK, here is ASDBE bounce
[09:35] {Threei}  ADBE
[09:35] {Threei}  let's see if we can time short entry
[09:36] {Threei}  not really, didn't form anything readable
[09:38] {Threei} Long Setup:  GLD  half lot .71 if stays above .50
[09:38] {hawkfan4} scalped GS from 83.09 to 83.97, whole trade took 40 seconds
[09:38] {Threei}  getting slow eh hawk
[09:39] {hawkfan4} lol
[09:39] {magoo} in gld
[09:39] {dino} rimm sm l .00
[09:39] {dino} wide
[09:39] {cujo} in
[09:40] {Threei}  that quick dive into .50 was aggressive entry opportunity... it's me who is getting slow
[09:40] {dino} t vz pos.
[09:40] {dino} positive
[09:41] {Threei}  let's trail stop to under .60
[09:41] {dino} apol rockin'
[09:41] {dino} esi too
[09:43] {ese} mornin
[09:43] {Threei}  ese :)
[09:43] {ese} esi that a a stock dino
[09:43] {dino} yes, itt edu
[09:44] {Threei}  come on already, you yellow shiny pos
[09:44] {dino} what happens to the 20 year bond if banks get nationalized? any effect?
[09:45] {nemo} talk nice to it
[09:45] {ese} have you checked out MORN dino
[09:45] {Threei}  no worky
[09:45] {cujo} stpd
[09:45] {ese} dn 3 bills
[09:46] {nemo} adbe
[09:47] {ese} tried 1/2 lot WBMD....didn't get a fill
[09:47] {ese} slow on the uptake thiws morning i quess
[09:47] {Threei}  who is in GLD, feel free to take full or half
[09:48] {Threei}  it trades too nervously here
[09:48] {Threei}  and went up right into dropping upper BB
[09:53] {dino} ndx flat
[09:53] {dino} c hits 1.902
[09:53] {fernp} ADBE breakdown?
[09:54] {Threei}  range is .55 - .75
06[09:54] * dino slaps ese around a bit with a large trout
[09:54] {dino} trying to wake you up
[09:54] {Threei}  not sure fern
[09:54] {Threei}  market doesn't want to sell off
[09:54] {Threei}  and ADBE won't crash without it
[09:55] {Threei}  it still looks like a good candidate
[09:55] {ese} tks i needed thaqt
[09:55] {Threei}  just trying to form the best way to play it
[09:56] {Threei}  ideally, if we get one more upward spike in the market, double top and selloff,
[09:56] {Threei}  and ADBE doesn't break uppoer limit of the range,
[09:56] {Threei}  that's the scenario to short it
[09:56] {fernp} ty 
[09:57] {Threei}  so far so goodf
[09:57] {Threei}  let's try .58 trigger
[09:57] {Threei}  if stays below .75
[09:57] {Threei}  and if market dives without making new high for the day
[09:58] {Threei}  if NQ drops sharply, grab ADBE aggressively
[10:03] {_redcat} qcom +.50
[10:04] {Threei}  (FR) REPORTEDLY FRENCH 2009 BUDGET DEFICIT APPROACHES 5% OF GDP
[10:04] {Threei}  wtg
[10:05] {magoo} 74 down
[10:05] {dptl} adbe stop stil .75?
[10:06] {Threei}  yup
[10:06] {dptl} ty
[10:06] {Threei}  need it to drop into .50 again to start trailing it
[10:07] {ese} think were looking at an up day by the end of it looking at the q's and my watch lists
[10:07] {nemo} except for the intial drop market's been trending up
[10:09] {magoo} vad..we in anything..i was doing my own
[10:09] {cujo} in ADBE magoo
[10:09] {Threei}  ADBE short
[10:09] {cujo} {&Threei}  let's try .58 trigger
[10:09] {cujo} {&Threei}  if stays below .75
[10:09] {Threei}  with stop .75
[10:11] {Threei}  market new high for the day, ADBE doesn't try to break even high of this recent range, let alone its high
[10:11] {nemo} short fas if breaks .50
[10:11] {Threei}  in my eyes it keeps it a valid short candidate
[10:12] {Threei}  stop can be trailed to above .70 if you want to be real anal-retentive about risk control
[10:12] {Threei}  no nemo
[10:12] {Threei}  sharp drop into support
[10:13] {Threei}  not a good setup for continuation
[10:13] {Threei}  if it bounces a little, forms tighter consolidation, then breaks .50 - then yes
[10:13] {nemo} duh...45
[10:13] {nemo} support that is
[10:13] {nemo} DENSA member
[10:14] {Threei}  OK, now ADBE stop can be trailed to above .70 by all
[10:14] {Threei}  oh, and this is not a scalp trade for me
[10:14] {cujo} Vad, when you update a stop price, does that change where the 1:1 is al well?
[10:14] {Threei}  as a rule, no
[10:15] {cujo} got ya. 
[10:15] {cujo} ok
[10:15] {Threei}  it may if a stop is trailed while trade is hesitating around trigger
[10:15] {Threei}  you know... triggered, started bouncing around,
[10:15] {Threei}  not defining direction,
[10:15] {Threei}  so at some point we tighten it,
[10:15] {cujo} got ya. 
[10:15] {Threei}  not because the trade has developed
[10:16] {Threei}  but because we are too uncertain and want to control risk tighter
[10:16] {hawkfan4} COCO interesting
[10:16] {Threei}  then yes, 1:1 can be changed as well
[10:17] {nemo} woul .47 be another short entry for ADBE?
[10:17] {Threei}  with stop above .60, yes
[10:18] {Threei}  as always... a bit more risky
[10:19] {Threei}  ADBE 1:1 is within spit distance
[10:19] {Threei}  here it is
[10:20] {Threei}  covering half on a first uptick
[10:20] {Threei}  .35 half out
[10:20] {Threei}  +.23
[10:21] {Threei}  stop to above .60
[10:21] {wulff} +.23
[10:21] {magoo} vad...explain why u liked adbe short even with mkt spike going on please?
[10:21] {Threei}  it lost important support on daly,
[10:22] {Threei}  after initial volatility it stopped going up with market,
[10:22] {Threei}  and it triggered
[10:22] {Threei}  which in and of itself turning off the thought process for me :)
[10:22] {Threei}  trigger comes, my fingers execute the trade
[10:23] {Threei}  brain is only watching in helpless amazement
[10:23] {wulff} we looking for cap.?
[10:23] {magoo} ok..ty
[10:23] {Threei}  1:2 ADBE
[10:23] {Threei}  cover 1/4 more on a first uptick
[10:23] {Threei}  .18 out
[10:23] {Threei}  +.40
[10:24] {fernp} out. Thank you
[10:24] {cujo} thanks Vad
[10:24] {Threei}  last portion here witgh stop above .50
[10:24] {Threei}  welcome guys
[10:24] {Threei}  actually, wait
[10:24] {Threei}  stop above .,40
[10:25] {Threei}  C
[10:25] {Threei}  COMPANY HAS REPORTEDLY NOT HAD CONVERSATIONS WITH GOVT OVER POTENTIAL NATIONALIZATION - UNCONFIRMED REPORT
[10:25] {Threei}  uh oh
[10:25] {Threei}  WFC
[10:25] {Threei}  SHARES TRADE BELOW $10.00 FOR FIRST TIME SINCE 1995
[10:25] {cujo} excuse me, i need to go withdraw some money..
[10:26] {dino} out apol .60, +1.10
[10:26] {wulff} +.48
[10:26] {cujo} nice trade dino
[10:26] {nemo} short FAS yet? :) kidding
[10:26] {Threei}  I would expect much more violent reaction on this news
[10:26] {dptl} ty adbe...+.40
[10:26] {Threei}  not sure
[10:26] {Threei}  welcome dp
[10:26] {dino} ty
[10:26] {nemo} expectations baked in?
[10:27] {Threei}  either that, or
[10:27] {Threei}  market starts changing its mind about nationalization, at least for some banks
[10:27] {hawkfan4} HIG .73, stop .64
[10:27] {nemo} We're all comrades brothers and friends now!!!
[10:28] {dino} v sm esi l .24 wide
[10:30] {dino} mcd sm l .50
[10:32] {dino} lol c, just like they did not need to raise capital
[10:32] {Threei}  well well well ADBE
[10:32] {Threei}  we have 1:3
[10:32] {Threei}  not sure if full cover is in order yet
[10:32] {Threei}  I'll try for more wity stop trailing
[10:33] {Threei}  above .30 at this point
[10:33] {Threei}  [10:14] {Threei} oh, and this is not a scalp trade for me
[10:33] {Threei}  no kidding eh
[10:33] {nemo} Got that silk sling?
[10:34] {Threei}  never too far
[10:35] {magoo} hawk..what levels u watching now for GS?
[10:35] {Threei}  hawk, don't tell him
[10:36] {Threei}  or, answer worthy a preschoolers in a sandbox:
[10:36] {Threei}  those are my levels, you watch your own
[10:36] {hawkfan4} watching it close, if it holds here and pops i like it.  83.50 break would be sweet. under .75 not so much
[10:36] {hawkfan4} lol vad
[10:37] {nemo} Grow up, VAD!
[10:37] {Threei}  never
06[10:37] * magoo slaps Threei around a bit with a large trout
[10:37] {magoo} u are so so lucky revised slaop fest no worky on magoos computater
[10:38] {nemo} cover ADBE yet?
[10:38] {hawkfan4} in .09 mags
[10:38] {magoo} ty hawk
[10:38] {Threei}  I enjoy pillow fights, running with scissors, painting outside the lines and not eating my veggies too much to grow up and give it all up
[10:38] {Threei}  why nemo?
[10:38] {Threei}  stop is above .30
[10:39] {nemo} greedy?
[10:39] {Threei}  which is incidentally, just above upper BB
[10:39] {magoo} try walking on thin ice vad...thats real fun..adrenali
[10:39] {ese} AAARRRRRBA BA BA BA   ARBA long  .50 1/2   for old times 
[10:39] {nemo} it's also the peak of the last spike
[10:39] {Threei}  right
[10:39] {Threei}  until it's not broken, downtrend is intact
[10:40] {nemo} Once when I was a kid, I was using my brother's pocket knife to whittle.  He wanted it back, so he grabbed it by the blade.  I couldn't resist...
[10:40] {Threei}  good one on GS guys
[10:41] {Threei}  do people drive much SAAB in Europe?
[10:42] {Threei}  they contemplate going independent
[10:42] {fernp} it is an important brand here.
[10:43] {Threei}  okay, makes sense then
[10:43] {dino} green ndx
[10:43] {Threei}  it's represented in NA so poorly, would be impossible to justify
[10:43] {dino} gj on gs
[10:43] {ese} yup
[10:44] {dino} comp green
[10:44] {nemo} adbe shure dancing around the cover
[10:44] {Threei}  C SPOKESPERSON: CAPITAL BASE 'VERY STRONG'
[10:45] {Threei}  but of course
[10:45] {dino} me thinks he does protest too much
[10:45] {Threei}  that's probably why they discuss nationalization
[10:45] {Threei}  done with ADBE
[10:45] {nemo} Yeah, where have we heard that  before
[10:45] {dino} n over s today
[10:45] {ese} out ARBA .58 +.08
[10:46] {ese} just for old times
[10:46] {Threei}  blast from the past ese :)
[10:46] {magoo} surprise osama on TV
[10:46] {ese} the little profits.....dey do add up
[10:46] {Threei}  do we live to see a trade on JDSU also?
[10:46] {ese} lets check it out
[10:47] {ese} it's gonna bounce from those levesl for sure
[10:47] {Threei}  dino, he protests more:
[10:47] {Threei}  SPOKESPERSON: CAPITAL BASE 'VERY STRONG', TRIMMING ASSETS ON BALANCE SHEET
[10:47] {Threei}  - Continuing to streamline business organization for future growth potential
[10:48] {ese} some seriously stupid prices on some stock thats for sure
[10:48] {Threei}  the only thing he didn't indicate:
[10:48] {Threei}  positive growth or negative?
[10:48] {nemo} Vad prediction yet for eod?
[10:48] {Threei}  gosh
[10:48] {nemo} profound
[10:48] {Threei}  even magoo doesn't ask that until after lunch, lol
[10:49] {nemo} well, it's like preempting on the penny in an ask
[10:49] {ese} L WOOF full .63
[10:50] {wulff} its wulff
[10:50] {Threei}  lol
[10:50] {ese} appologies
[10:51] {Threei}  watching RIMM
[10:51] {Threei}  it consolidates cloer to .50
[10:51] {Threei}  if forms support close enough for a tight stop, will be interested
[10:51] {ese} ack aka dak....dak acka ack........get up there
[10:51] {ese} bugs bunny magic
[10:51] {Threei}  nah, dropped too far
[10:51] {magoo} guys..im going all out in this crisis...looking at porn early today..it u recall..mkt bounces 
[10:52] {Threei}  uh oh
[10:52] {nemo} taking the laptop to the bathroom magoo?
[10:52] {ese} too funny mags
[10:54] {ese} wheres patience been lately....holidays
06[10:55] * magoo slaps nemo around a bit with a large trout
06[10:55] * nemo slaps magoo around a bit with a large a year's subscription to Hustler
[10:58] {Threei}  WOFF actyually looks nice ese
[10:58] {Threei}  WOOF
[10:59] {Threei}  stop under .50?
[10:59] {ese} i'm likin it
[11:00] {ese} yes
[11:01] {ese} stopped...damn
[11:02] {ese} hmmmmmmm
[11:02] {ese} to re enter or not to re enter
[11:03] {ese} not
[11:03] {nemo} no momentum in market ese
[11:03] {ese} indeed
[11:05] {larisa} poor HIG
[11:07] {_redcat} +.40 RIMM
[11:08] {dino}   gj
[11:08] {ese} nice redcat
[11:08] {_redcat} thnk u
[11:09] {Threei}  RIMM
[11:09] {Threei}  MORGAN KEEGAN MAKES POSITIVE COMMENTS, CITING VALUATION (TIMING UNCERTAIN)
[11:10] {ese} back at WOOF L .58 full
[11:11] {dino} hate to see what would happen if said bad things
[11:11] {Threei}  lol, no kidding
[11:12] {dino} dji, s/p at low
[11:14] {dino} fdo, dltr, wmt holding well this week
[11:15] {wulff} no need to go long yet, eh?
[11:16] {Threei}  nah
[11:16] {wulff} Double bottoms
[11:17] {tomg} ceco vad?
[11:18] {Threei}  amazingly strong
[11:18] {Threei}  tought to find entry
[11:18] {tomg} ok ty
[11:22] {dino} ahhh, VH on, can't lose
[11:24] {wulff} madoff NEVER  bought securities?
[11:24] {dino} lol
[11:25] {magoo} can u imagine madoff? never even bought thgem
[11:26] {dino} well, then it is fine, all $ in cd's right
[11:28] {magoo} GS getting killed
[11:28] {magoo} news vad
[11:28] {Threei}  no
[11:30] {dino} out mcd flat
[11:31] {wulff} you guys still holding ADBE?
[11:31] {Threei}  no
[11:31] {magoo} man..u blow a .08 breath-a-lizer and u get a nite in the pokey...madoff sitting in multi million penthouse
[11:31] {ese} all out woof .70
[11:31] {Threei}  last 1/4 was closed on trailing stop at .32
[11:31] {ese} +.12
[11:32] {wulff} curious, not me either
[11:33] {cujo} GS = UGL
[11:34] {cujo} UGLY
[11:34] {Threei}  {GS} I demand second opinion
[11:34] {magoo} lol cujo..i was looking up sym UGL
[11:35] {cujo} ha ha sry
[11:35] {cujo} typo
[11:35] {magoo} bad dog
[11:35] {Threei}  bounce time GS
[11:35] {magoo} in .49
[11:37] {Threei}  don't lose mney on it from this point
[11:37] {magoo} out .75 TY BOSSASAURAS
[11:37] {cujo} nice bounce call
[11:38] {magoo} its team work..i bring it to the table...and vad serves it up
[11:39] {cujo} ANy thoughts HIG Vad?
[11:41] {Threei}  just a sec, lemme finish GS
[11:42] {Threei}  ok
[11:42] {Threei}  HIG, I can't bring myself to go long on it
[11:42] {cujo} yeah
[11:43] {Threei}  6 break however, starts shaping up as possible short trigger
[11:43] {cujo} ok, have low alert set on it
[11:43] {Threei}  if market starts its customary pnaicky drop
[11:43] {magoo} rimm prob better bouncer somewhere
[11:43] {Threei}  and if HIG forms good resistance
[11:43] {magoo} {magoo} its team work..i bring it to the table...and vad serves it up
[11:44] {Threei}  so far resistance levels a bit too far for my taste
[11:44] {magoo} thought that was clever lol
[11:44] {Threei}  it was mags but we are big on negative reinforcement only
[11:44] {Threei}  so consider grave silence a compliment {G}
[11:45] {Threei}  and btw... GS is coming into support for bounce scalp
[11:45] {Threei}  watch market for clue for entry
[11:47] {Threei}  double bottom zone if only market helps
[11:48] {magoo} looks down yet
[11:48] {magoo} under 80 imo
[11:49] {nemo} Mags get's the booby prize
[11:50] {wulff} too quick for me 
[11:50] {cujo} got some of that GS, thanks Guys (since mags is bringing it to the table and Vad is serving it up)
[11:51] {Threei}  lol
[11:51] {Threei}  fries with that?
[11:51] {magoo} bacon?
[11:51] {cujo} yup, and an extra side of Bacon....
[11:52] {Threei}  now you did it
[11:52] {Threei}  see you in 15
[11:52] {Threei}  don't buy GS here
[11:52] {magoo} darn..now craving bacon double cheeseburg for lunch
[11:52] {Threei}  third time, way too dangerous
[11:52] {nemo} short?
[11:52] {Threei}  no
[11:52] {Threei}  just let it be
[11:53] {nemo} Great...The Beatles
[11:54] {dino}     esi hod
[11:58] {magoo} am i back??
[11:58] {nemo} unfortunately...yes
[11:59] {magoo} gthat does itttttttttttttttttt
06[11:59] * magoo slaps nemo around a bit with a large trout
06[11:59] * magoo slaps nemo around a bit with a large trout
06[11:59] * magoo slaps nemo around a bit with a large trout
06[11:59] * magoo slaps nemo around a bit with a large trout
06[11:59] * magoo slaps nemo around a bit with a large trout
[11:59] {nemo} missed
[11:59] {nemo} ppppppphhhhhhhhhhhtttttttttttttttt!!!!!!!!!!!
[12:02] {magoo} cnbc girls irretating here...laughing about mkt crash
[12:02] {magoo} suggestiong getting into golds
[12:02] {cujo} i've made the full time switch to BBErg tv
[12:02] {cujo} just the lack of Gasperino is worth it....
[12:03] {Threei}  how is it bad mags
[12:03] {magoo} i wish parent company GE would slash 2/3 of their jobs..then id be laughing arogant f'ers
[12:03] {Threei}  didn't you have enough men crying about it?
[12:04] {magoo} poor dino..anfd i have the poweer tyo help him...but i wont he he
[12:05] {Threei}  are you going to laugh at him and kick him too?
[12:07] {Threei}  magoo??
[12:08] {magoo} huh?
[12:08] {Threei}  never mind... just wanted to know how far your cruelty goes
[12:08] {wulff} here comes rimm
[12:08] {Threei}  to high five you if far enough
[12:12] {Threei}  feels like one more little pullback, then strong upward move
[12:12] {magoo} missed that GS gift
[12:13] {Threei}  see iof we get STT pulling back closer to .80
[12:14] {Threei}  and watch market for entry timing
[12:14] {Threei}  aalso, hate to do it but
[12:14] {Threei}  WFC is long on 10 break if market spikes and if holding above 9.90
[12:17] {dino} partial fill cpla .60 l
[12:21] {ese} have to go see you all later....tks for dcc nemo....
[12:21] {Threei}  take care ese
[12:22] {cujo} catch you later ese
[12:22] {nemo} ez ese
[12:22] {Threei}  anyone got entry in STT?
[12:22] {cujo} i'm in WFC
[12:22] {Threei}  WFC is taking longer than I'd like
[12:22] {cujo} move stop?
[12:22] {cujo} .94?
[12:22] {Threei}  lower BB is at .96 now
[12:23] {Threei}  so maybe move to .95
[12:23] {Threei}  negligible loss
[12:23] {nemo} what's your BB setting Vad?
[12:23] {Threei}  either it works or who needs this rotten thing
[12:23] {Threei}  13 and 1.7 on intraday
[12:25] {nemo} FAZ strengthening and wfc holding
[12:26] {nemo} lunchtime trading
[12:26] {nemo} Mags...bathroom
[12:27] {Threei}  wow RIMM
[12:28] {magoo} that indicator is not constant nemo...changes day to day
[12:28] {nemo} bummer
[12:28] {magoo} its consistant for the subject day as an indicator..but somedays its up..somedays its down
[12:29] {dino} the beer indicator is more reliable
[12:29] {dino} when magoo wants one before the close, we are going down hard
[12:29] {Threei}  bands tightened on WFC
[12:29] {Threei}  move is coming
[12:29] {magoo} boy thats true
[12:30] {dino} gun to my head, green close
[12:30] {nemo} look at all the offers @.99
[12:30] {Threei}  on what?
[12:30] {nemo} was wfc
[12:30] {Threei}  doesn;'t mean much
[12:33] {Threei}  WFC = useless ugly pos
[12:33] {hawkfan4} HIG looks ready
[12:33] {magoo} GS RIMM could be huge if we spiked hard
[12:33] {dino} i was thinking "waste of f'ing cash"
[12:33] {hawkfan4} lol dino
[12:33] {Threei}  rofl
[12:34] {nemo} HIG ready for what...short?
[12:34] {Threei}  I like your version better
[12:34] {magoo} in rimm.0
[12:34] {magoo} 60
[12:35] {hawkfan4} COCO over hod vad?
[12:35] {wulff} WFC stop
[12:36] {magoo} out .75 lunch $$
[12:36] {cujo} nothing wrong with that.  you gotta eat
[12:37] {Threei}  probably hawk...
[12:38] {Threei}  I just have hard time buying breakouts in this market
[12:38] {nemo} O.K. Vad, it's after lunch...prediction please
[12:39] {wulff} did I get into WFC too early at 10?
[12:39] {Threei}  why, it triggered
[12:39] {nemo} stopped under .90
[12:39] {Threei}  why so low
[12:39] {Threei}  we trailed stop to .95
[12:40] {wulff} what was BB
[12:40] {cujo} can you have an upside down c&h?
[12:40] {Threei}  sure
[12:40] {nemo} yeah, for a short cujo
[12:40] {cujo} is WFC forming one?
[12:41] {Threei}  not much tea is going to remain in, but otherwise...
[12:41] {cujo} :)
[12:41] {nemo} tea?  tea?  vodka you mean
[12:41] {Threei}  from cup?
[12:41] {nemo} why not?
[12:41] {cujo} there is a bar around me that serves all drinks in tea cups.  Prohibition themed bar...
[12:42] {cujo} SS WFC .86
[12:42] {Threei}  200g cut glass
[12:42] {Threei}  classic
[12:42] {nemo} Huh...knew this chinese restaraunt that served very strong tea after drinking hours
[12:43] {cujo} ha ha 
[12:43] {nemo} yep...came in a stainless tea pot
[12:45] {Threei}  CNBC'S SANTELLI: THE FOREIGN EXCHANGE RUMOR MILL IS IN HIGH GEAR TODAY, ALL KINDS OF VAGUE RUMORS ARE FLYING AROUND SPECIFICALLY IN EUROPE
[12:45] {Threei}  - Notes rumors seem to be "based in Europe"
[12:45] {Threei}  SPOT GOLD RETESTS THE $1,000; HIGHEST LEVEL SINCE MAR 18TH, 2008
[12:45] {Threei}  - All-time high $1,032.40/oz on Mar 17th, 2008
[12:45] {Threei}  fern... what are they saying over there??
[12:45] {Threei}  nice short cujo
[12:46] {cujo} out WFC +.13
[12:46] {cujo} thanks
[12:46] {Threei}  see... turn C&H uoside down, and content does pour out
[12:46] {cujo} he he
[12:47] {nemo} another short if it breaks .70?
[12:47] {Threei}  after sharp bar down?
[12:48] {nemo} maybe cujo gets another cup  handle...thing'll start looking like a cow's udder
[12:49] {Threei}  ugliness reigns
[12:50] {nemo} FAS break low, short?
[12:50] {cujo} ha ha ha
[12:50] {Threei}  [12:47] {Threei} after sharp bar down?
[12:51] {nemo} that was about wfc, just asked about fas,,same answer?
[12:51] {nemo} there's two sharp bars down on wfc
[12:51] {Threei}  it just dropped from almost .40 in a straight line
[12:52] {Threei}  shorting such drop is the same as chasing sharp spike up
[12:52] {Threei}  let it bounce a bit, consolidate, form a breakdown setup
[12:53] {nemo} wfc or fas?
[12:53] {Threei}  any
[12:53] {Threei}  I am talking about situation
[12:54] {Threei}  FHFA REGULATOR: FNM AND FRE PLAN MAY NOT REMOVE EQUITY IN CASH FORM,
[12:54] {nemo} oh.  ha that triple/quadruple top on fas between 12:25 and 12:40 woul you have gone short @ .33?
[12:54] {Threei}  - Notes that the loans for GSE do not require more credit enhancement to refinance
[12:55] {nemo} so...credit unworthy just get more money? oy weh.
[12:55] {Threei}  that one is more setup-like
[12:56] {Threei}  not my favorite but at least has structure
[12:56] {Threei}  shorting .20 a few min ago - emphatically no
[12:57] {nemo} basically bounced at low
[12:58] {magoo} getting ugly out there
[12:58] {Threei}  [12:49] {Threei} ugliness reigns
[12:58] {Threei}  [12:50] {nemo} FAS break low, short?
[12:59] {nemo} yep...remember
[12:59] {dptl} it's my b-day today :)
[12:59] {buyemsellem} happy birthday
[12:59] {Threei}  really?
[12:59] {larisa} happy birthday dp :)
[12:59] {Threei}  happy Birthday dp!'
[12:59] {cujo} happy b-day
[13:00] {nemo} ditto
[13:00] {Threei}  can'
[13:00] {vint} happy birthday, dptl
[13:00] {dptl} ty:)...thinking its time to have a drink
[13:00] {Threei}  can't believe you are still not at my porch with good bottle of vodka
[13:01] {dptl} lol
[13:01] {nemo} getting uglier
[13:01] {cujo} Vad, if you ever make it to east coast will take you to best Vodka Bar in area...
[13:02] {nemo} where you dog?
[13:02] {cujo} NY
[13:02] {cujo} u?
[13:02] {nemo} boston...well Maine at the moment
[13:02] {nemo} Yankees or Mets
[13:02] {cujo} ehh, not a baseball fan
[13:03] {cujo} but i would say mets over yankees
[13:03] {nemo} cool
[13:03] {Threei}  thank you cujo
[13:03] {fernp} cover C 1.89 +.12 sloooow
[13:04] {magoo} rimm held that pull
[13:04] {nemo} we due for upleg Vad?
[13:05] {Threei}  doesn't feel this way to me
[13:05] {Threei}  rather more down
[13:05] {magoo} i live 2 hrs from nyc
[13:05] {cujo} poconos right?
[13:05] {magoo} take me..i like viodka
[13:05] {magoo} cant spell it..but can spiull it
[13:05] {cujo} let me know if you are around.  
[13:05] {_redcat} magoo, ever try grey goose Pear?
[13:06] {dino} yankees
[13:06] {Threei}  grey goose is good, just horribly overpriced
[13:06] {magoo} nope..but drink alot of vodka shots..
[13:06] {nemo} what about 'em Dino?
[13:06] {dino} grey goose at my house
[13:06] {magoo} like it chilled
[13:06] {cujo} http://www.riversidewinemerchants.com/r/products/jewel-of-russia-ultra-vodka/?utm_source=google;utm_medium=base
[13:06] {magoo} orange stoli
[13:06] {nemo} Oh geez...wish I had my shotgun...flock of ducks just landed in the yard
[13:06] {dino} most likely hit it satiurday night
[13:07] {cujo} best vodka i have ever tasted.  perfect just on ice. 
[13:07] {dino} family coming over, so shots will be had at the basement bar
[13:07] {magoo} is there a missing RAVEN with them ducks?
[13:08] {nemo} nah...they just took off...dog noticed them
[13:08] {nemo} not cujo
[13:08] {Threei}  cujo... ever tried canadian Iceberg?
[13:08] {cujo} no, you like?
[13:08] {_redcat} QQQQ going splat
[13:09] {Raven} {}
[13:09] {cujo} just looked it up.  Can you get in the states?
[13:10] {Threei}  no idea
[13:10] {Threei}  but if can, try it
[13:10] {Threei}  you'll be pleasantly surprized
[13:10] {cujo} its on the list.
[13:11] {dino} 13%+ down in s/p and dji from 2/9
[13:11] {_redcat} altoghether now...y did i cover ADBE...arrgh
[13:12] {Threei}  lol
[13:16] {magoo} 211 down
[13:17] {nemo} I hear that strong flushing sound
[13:17] {Threei}  market sure is cheering all the rescue efforts
[13:17] {wulff} anyone thinking they missed trading in 2001,no worries. we're here again
[13:17] {Threei}  FAS under 4
[13:18] {nemo} yeah they'll have to delist it soon
[13:18] {Threei}  what carnage eh
[13:18] {nemo} yeah...and it's 10 miles to the closest bottle of vodka
[13:18] {Threei}  now... you may consider me overly conservative these days, but,
[13:19] {Threei}  we are finishing this week with EVERY day whinning
[13:19] {nemo} whining or winning
[13:19] {cujo} did you mean winning or whining?
[13:19] {cujo} ha ha
[13:19] {Threei}  guess
[13:19] {Threei}  lol
[13:19] {nemo} Magoo whines
[13:19] {Threei}  winning
[13:19] {cujo} great minds nemo
[13:19] {nemo} Cujo, never been accused of that
[13:20] {Threei}  rabid dog and lost fish
[13:20] {cujo} first time for everything.
[13:20] {nemo} A couple of sandwiches short of a picnic
[13:20] {nemo} No, I'm the guy in with the cyclops
[13:20] {Threei}  that's too far in history
[13:20] {Threei}  lost fish is what new generations know
[13:20] {nemo} what's your point?
[13:21] {nemo} I'm old
[13:21] {nemo} same age as you you geiser
[13:21] {nemo} geezer
[13:21] {nemo} guyzer
[13:21] {nemo} whatever
[13:21] {Threei}  ok, let's settle on the mad captain of a submarine
[13:21] {magoo} im only up 3 of 4
[13:22] {nemo} works for me...huh...we're negotiating on the meaning of MY nick?  Somethin' screwy about that...well it's your ballfield
[13:22] {nemo} .750 magoo...cool
[13:23] {magoo} the losing day was when i was trading vads p[ix {as i run from slap fest a comuith}
[13:23] {nemo} WHAT?
[13:24] {Threei}  I won't even slap you
06[13:24] * nemo slaps magoo around a bit with a large Mavis Beacon teaches typing
[13:24] {Threei}  I will leave you to live with your ridiculousness
[13:24] {Threei}  and get punished by your conscience
[13:24] {nemo} he has one?
[13:24] {Threei}  ummm... that's a very questionable concept
[13:25] {Threei}  I gotta rethink that
[13:25] {nemo} I thought he was a zombie
[13:25] {Threei}  ok, I rethought that
[13:25] {nemo} and to think... he bred
[13:25] {magoo} yes
[13:25] {magoo} here it comes
06[13:25] * Threei slaps magoo around a bit with a large plate of bacon of which magoo doesn't get any single piece
[13:28] {nemo} some poor bastard put in a market order on FAS oops
[13:29] {cujo} i'm sure they will bust that trade...  but does look funny... 
[13:29] {nemo} bet his sphincter tightened on that one
[13:30] {cujo} yeah
[13:30] {Threei}  I missed that
[13:30] {Threei}  what was the price?
[13:30] {nemo} spiked t 4.50
[13:31] {larisa} late trade or may be it is rich one who shorted at 60 , so he does not care :)
[13:32] {nemo} I would NEVER have thought of that
[13:32] {Threei}  what was the size?
[13:32] {cujo} i don't have t&s :(
[13:32] {Threei}  wow
[13:32] {nemo} Well volume in that minute spiked to 5 million
[13:33] {Threei}  you do have charts and buy/sell buttons though, right?
[13:33] {nemo} Mmmmmhhh FAS forming wedge....
[13:33] {cujo} yes
[13:33] {Threei}  whew
[13:33] {nemo} Vad...be nice
[13:33] {nemo} cujo isn't Mags
[13:34] {Threei}  well... being nice is way too unnatural for me
[13:34] {Threei}  sorry
[13:34] {cujo} its ok
[13:34] {cujo} think skin here... 
[13:34] {Threei}  and I say it in a nicest possible way
[13:34] {cujo} thick
[13:36] {cujo} Any thoughts on HIG 6 break?
[13:37] {Threei}  I hate the very idea of going long for now
[13:37] {cujo} yeah
[13:38] {Threei}  anyone took that 6 breakdown btw?
[13:38] {Threei}  gave nice and easy 20 cents
[13:42] {magoo} rimm holds vad
[13:43] {nemo} paper covers rock
[13:44] {cujo} you get into that RIMM Mags?
[13:45] {magoo} not yet
[13:45] {magoo} if mkt could majke move
[13:45] {magoo} like it
[13:47] {larisa} lol, there are doubts if stocks will ever go up again :)
[13:48] {Threei}  no doubts
[13:48] {Threei}  they never will
[13:48] {Threei}  ever
[13:49] {larisa} I am not crying too. girls never cry.
[13:50] {larisa} but i miss good up day
[13:50] {Threei}  ok... I promise one
[13:50] {larisa} when ?
[13:51] {Threei}  can't tell... I am still in shock after
[13:51] {Threei}  [13:05] {magoo} take me..i like viodka
[13:51] {Threei}  that sounded uncarachteristically girly
[13:52] {magoo} news 
[13:52] {magoo} on cnbc
[13:52] {Threei}  ?
[13:53] {magoo} breaking news
[13:53] {Threei}  what's with BAC?
[13:54] {Threei}  what was the news?
[13:54] {hawkfan4} no idea
[13:54] {Threei}  magoo?
[13:54] {larisa} WH briefing : no need to nationalize the bank that is profitable :)
[13:55] {Threei}  no really?
[13:55] {Threei}  wow
[13:56] {larisa} it was daily briefing, he just answered the question
[13:57] {Threei}  WHITE HOUSE: REAFFIRMS STRONG BELIEF THAT A PRIVATELY HELD BANKING SECTOR IS THE RIGHT WAY TO GO
[13:57] {larisa} it shows how hard we are going to spike if REAL news come
[14:01] {Threei}  WFC
[14:01] {Threei}  trying to follow
[14:04] {Threei}  how's this for irony:
[14:04] {Threei}  GOOG
[14:04] {Threei}  CITIGROUP LOWERING ESTIMATES
[14:05] {hawkfan4} GOOG "i'm going to buy C and fire that analyst"
[14:05] {Threei}  {GOOG} get over $2 before you estimate anyone
[14:08] {Threei}  WFC is serious
[14:08] {Threei}  pullback into .50 for a scalp
[14:08] {nemo} look at hig
[14:11] {Threei}  by WH, Mr Santelli doesn't know what he is talking about
[14:15] {dino}   i think he's more right than most
[14:15] {dino} they must take the pain
[14:16] {Threei}  sheesh
[14:16] {nemo} no manure
[14:16] {cujo} FAS and FAZ
[14:16] {nemo} hig
[14:16] {cujo} hig
[14:16] {nemo} cujo!
[14:16] {cujo} ha ha
[14:17] {nemo} FAS coming up on resistance
[14:18] {dino} ppt
[14:18] {cujo} what is PPT?
[14:18] {nemo} Plunge Protection Team
[14:18] {dino} yes
[14:19] {cujo} heading out all.  Best of luck on the rest of the day
[14:20] {Threei}  US TREASURY TO RELEASE ADDITIONAL RETAILS ON BANK RESCUE PLAN NEXT WEEK - CNBC
[14:20] {nemo} Great Short opportunity!!!
[14:21] {Threei}  lol
[14:22] {hawkfan4} additional RETAILS? whoever typed that must be a trader
[14:22] {Threei}  you have no idea hawk
[14:22] {Threei}  this line initially had next YEAR
[14:22] {Threei}  changed to week in a few seconds
[14:23] {larisa} rofl
[14:23] {Threei}  I stared at it not being able to believe my eyes, lol
[14:23] {hawkfan4} lol
[14:23] {Threei}  jeez
[14:23] {Threei}  look at these spikes
[14:24] {nemo} FAS broke resistance
[14:24] {Threei}  I was thinking, to alert about WFC pullback entry near 10 or 9.80
[14:24] {Threei}  next second it was 10.35
[14:25] {nemo} htf do you play this?
[14:25] {dino} out esi 116.94, +3.70
[14:25] {Threei}  that's how
[14:26] {larisa} lol
[14:26] {Threei}  lol
[14:26] {Threei}  wtg dino
[14:26] {larisa} gj
[14:26] {dino} lucky
[14:26] {magoo} vad im crying..had GS long 80...right before pop..was exit out there 80.45 ..gets hit and goes 3+
[14:26] {nemo} so FAS to close gap from yesterday and go to 5.60?
[14:26] {Threei}  WHITE HOUSE: IAEA REPORT ON IRAN SHOWS IRAN HAS CONTINUED TO SHUN OBLIGATIONS ON NUCLEAR PROGRAM
[14:26] {dino} magoo, i gave you esi at 115 break too
[14:27] {Threei}  great... not only magoo posts {magoo} take me..i like viodka... he is crying too
[14:27] {magoo} oh u did.,..weheres my $$
[14:27] {dino} hmmmm, thinking instead of yelling them out i should walk over and slap the back of his head
[14:29] {Threei}  WFC
[14:29] {Threei}  look for entry near 10.10
[14:30] {Threei}  got .08
[14:30] {Threei}  stop under 10
[14:31] {Threei}  half out.16
[14:31] {magoo} out here .21
[14:32] {magoo} ty bossasauras-ass
[14:32] {Threei}  out in full .30
[14:32] {dino} grrr apol hits 80, i'm out at 78.60
[14:32] {nemo} ooohhhhhh
[14:33] {Threei}  was it a beauty or was it a beauty
[14:33] {magoo} u are a beauty allright lol
[14:33] {dawg} great call Vad ty in .04 out .33
[14:33] {Threei}  dawg :)
[14:33] {buyemsellem} yes nice call
[14:33] {nemo} throwin' stones from a glass house mags
[14:34] {Onix} ty Vad, got some in WFC :)
[14:34] {Threei}  mags... you seeded enough doubts in me today, lol
[14:34] {Threei}  onix :)
[14:34] {magoo} ok..ill be good
[14:34] {magoo} start teasing dino some more
[14:35] {Threei}  BAC straight down
[14:36] {Threei}  someone said something somewhere again I suppose
[14:36] {nemo} Dodd
[14:36] {Threei}  the only way to play these things is to catch a technical move between two speeches, lol
[14:37] {Threei}  and hope it resolves faster than the next speech starts
[14:37] {dino} i just don't play them, too random, too fast
[14:38] {Threei}  I am still giggling over that "treasury to release details next year"
[14:38] {Threei}  HUH?
[14:38] {Threei}  you guys think you can say this without sending market under zero?
[14:38] {dino} they still won't get it done in time
[14:39] {Threei}  some of those moves are readable dino... not all
[14:39] {Threei}  but that's what I am trying to do when such madness hits
[14:39] {Threei}  find those that are possible to read with better odds
[14:40] {Threei}  they do have patterns to them
[14:40] {Threei}  major being,
[14:40] {Threei}  when they pull back
[14:40] {Threei}  they tend to come into natural support,
[14:40] {Threei}  pause,
[14:40] {Threei}  bounce just a tad,
[14:40] {Threei}  then drop again seriously overstretching the move
[14:41] {Threei}  shaking out premature buyers hard
[14:41] {Threei}  and then bounce for real.
[14:41] {dino} not to me vad, not to me
[14:41] {Threei}  This was the case with this WFC move
[14:41] {Threei}  natural support was around .25
[14:41] {Threei}  and it gesitated there,
[14:41] {dino} i am a simple trader
[14:41] {Threei}  then dfropped under .10
[14:42] {Threei}  as it started downticking toward .20 and under, I alerted about .10 being entry zone
[14:43] {magoo} dino left office vad
[14:44] {Threei}  what did you do to him?
[14:45] {magoo} i sent him for more beer...it just keeps disappearing from fridge
[14:45] {dino} back w/mich light
[14:45] {nemo} If FAS breaks .90 long?
[14:46] {Threei}  no idea
[14:46] {Threei}  cxan be double top just as easy
[14:46] {dino} but still thinking about the grey goose on ice, i wonder if tanguary' tastes just as good, that only vodka at the office
[14:47] {dino} s/p wants to fill that opening gap
[14:50] {dino} skf nice range
[14:50] {Threei}  so, who is scared of holding over the weekend more, shorts or longs
[14:51] {nemo} FAS going to close the range...wow
[14:52] {dino} end of month, maybe markups next week, altho did not happen in jan.
[14:52] {Threei}  larisa... you asked for an up day
[14:52] {dino} s/p gap filled.
[14:52] {larisa} this one dino gave me, get your own :)
[14:52] {dino} my close green call looking better
[14:53] {dino} thank you larrrrisssssa
[14:53] {wulff} +1.15 POT half
[14:53] {dino} gj
[14:55] {dino} uso green
[14:55] {wulff} wow wfc
[14:57] {Threei}  BAC, will get interested around .50
[15:02] {Threei}  missed
[15:03] {nemo} yea didn't get through those 14:27 spikes
[15:03] {wulff} your mojo is off
[15:04] {Threei}  but wulff... my trout is on
[15:04] {Threei}  hmmm
[15:04] {Threei}  US TREASURY SPOKESPERSON: CANNOT IMMEDIATELY COMMENT ON ON WHETHER THERE WILL ADDITIONAL BANKING DETAILS NEXT WEEK
[15:05] {Threei}  it's still next year I guess
[15:05] {dino} then why say this at all
[15:05] {wulff} must consult the cat
[15:05] {Threei}  look CNN
[15:07] {Threei}  Gibbs on Santelli was the piece I meant
[15:11] {Threei}  CNBC'S LIESMAN: AFFIRMS THAT US TREASURY WILL RELEASE SOME DETAILS REGARDING THE BANK PLAN NEXT WEEK; NOTES IN LINE WITH PRIOR MARKET EXPECTATIONS FROM THE US TREASURY
[15:11] {Threei}  - Liesman notes that it is unclear whether this is truly ahead of expecations but notes it does match the orginal time frame of 'within weeks' issued by US Treasury officials at the G7 meeting{
[15:12] {Threei}  wtf
[15:12] {nemo} gotta fill time on Friday
[15:13] {dino} 3:40 time area should be interesting
[15:13] {Threei}  now the drama is not about content but about next week or not?
[15:14] {Threei}  I can't wait till market starts moving up and down on commentators' arguing about color of the paper report will be printed on
[15:14] {Threei}  CNBC: details on the plan will be on white paper
[15:14] {Threei}  Bloomberg: no, yellowish
[15:14] {Threei}  Reuters: greyihs
[15:14] {nemo} chartreuse
[15:15] {wulff} makes me crazy to wait for a stock to move with a trailing stop
[15:15] {Onix} :D
[15:15] {nemo} yeah, it must SUCK making money
[15:16] {wulff} totally
[15:16] {cujo} On iphone. Miss anything?
[15:17] {buyemsellem} market go up. market go down.
[15:17] {wulff} do-si-do
[15:17] {nemo} Somebody else going for Vad's title, this headline on RealMoney: Gold Is Poised for a Major Technical Breakout
[15:17] {dino} what about th inviible ink
[15:18] {buyemsellem} doing some trading on your phone?
[15:19] {cujo} Nah, just seeing if u all made millions while I was out. 
[15:19] {dino} on my rotary phone, yes
[15:19] {cujo} C ya
[15:19] {dino} c'mon, dji, go green
[15:19] {dino} later cujo
[15:24] {magoo} vad we in anything?
[15:24] {nemo} we're out of our minds
[15:24] {Threei}  in deep doodoo if you mean economy... in deep coma if you mean us personally
[15:25] {nemo} Almost feels like the market wants to call it a week
[15:26] {dino} where are my short coverers?
[15:27] {Threei}  not yet nemo
[15:27] {Threei}  I still have to get my revenge for this:
[15:27] {Threei}  [14:52] {Threei} larisa... you asked for an up day
[15:27] {Threei}  [14:52] {dino} s/p gap filled.
[15:27] {Threei}  [14:52] {larisa} this one dino gave me, get your own :)
[15:27] {Threei}  and my revenge to her will be closing markets in red
[15:27] {larisa} lol
[15:27] {larisa} not nice
[15:27] {Threei}  triple digits
[15:27] {Threei}  nope
[15:27] {larisa} dino has a gun..
[15:28] {dino} not happening
[15:28] {nemo} there you go
[15:28] {Threei}  but I told you... I don't even exchange postcards on Christmas with nice
[15:28] {Threei}  here are triple digits
[15:29] {dino} we are not closed yet 3i, i shall go down w/the ship if necessary
[15:29] {Threei}  ugh, don't
[15:29] {Threei}  let it sink without you on board
[15:29] {Threei}  what are you, captain of Titanic
[15:29] {nemo} why don't you rearrange the deck chairs
[15:29] {dino} well, i'm bring larisa along, so all is not lost
[15:30] {Threei}  now, THAT'S not nice
[15:30] {Threei}  see larisa... I at least don't try to kill you
[15:30] {nemo} they'll die together, how rom....STUPID
[15:31] {Threei}  my thinking is dino... we have enough of musicians in congfress and wh to play while this ship sinks
[15:31] {dino} smiling tho
[15:36] {dino} c'mon
[15:37] {dino} 3:37
[15:38] {Threei}  RIMM, pullback into 39 area for bounce
[15:40] {dino} itt sm l .80
[15:42] {Threei}  missed
[15:42] {fernp} have a nice weekend everybody
[15:42] {fernp} see u on monday
[15:42] {Threei}  take care fern, good week for you?
[15:43] {fernp} very good
[15:43] {Threei}  :)
[15:43] {fernp} :)
[15:46] {nemo} FAS and SPY are carbon copies
[15:47] {dptl} have a good weekend all :)
[15:47] {Threei}  take care dp, happy birthday!
[15:47] {nemo} P&Q
[15:47] {dptl} ty:)
[15:48] {dino} happy bday dp
[15:49] {dptl} ty:0
[15:49] {dino} see ya fern
[15:50] {Threei}  REP. FRANK: NATIONALIZATION IS SOMETHING TO BE AVOIDED AND DOEST SEE IT AS LIKELY RIGHT NOW - TV INTERVIEW
[15:50] {Threei}  strange
[15:50] {Threei}  from this guy I'd expect "sure, we will take them and fix them"
[15:51] {dino} "right now"
[15:51] {Threei}  "cause we already fixed GSEs, ya know"
[15:52] {magoo} they all should zip mouths here
[15:53] {Threei}  not an option
[15:53] {Threei}  careers are being made and destroyed at times like these
[15:54] {dino} out itt .10, +.30
[15:54] {patience} no shopping spree yet, just waiting
[15:54] {patience} have a good weeked guys
[15:54] {Threei}  patience :)
[15:54] {dino} u2 patience
[15:55] {Threei}  BAC CEO: BANK DOES NOT NEED FURTHER ASSISTANCE, CAN SURVIVE DOWNTURN ON ITS OWN; TRADING BUSINESS HAS 'VASTLY IMPROVED' IN CURRENT QUARTER - INTERNAL MEMO
[15:55] {Threei}  - Remarks that the corporate debt market indicating signs of 'thawing
[15:55] {vint} bye guys, see u on monday
[15:55] {Threei}  take care vint
[15:55] {dino} l8r vin
[15:56] {nemo} P&Q
[15:56] {larisa} Pint and Quart ?
[15:56] {hawkfan4} bye all
[15:57] {nemo} Peace & Quiet
[15:57] {larisa} :)
[15:57] {nemo} the older I get the more of it I want
[15:57] {larisa} when you have it, it means you are dead.. 
[15:58] {Threei}  BAC a lot of buyers
[15:59] {dino} out cpla .80, +.20
[16:00] {Threei}  okay guys
[16:00] {Threei}  great week
[16:00] {Threei}  no losing days
[16:00] {nemo} Yeah...for the most part they called it a week
[16:00] {Threei}  while market is hurting badly
[16:00] {Threei}  thsank you all
[16:01] {Threei}  have a great weekend
[16:01] {dino} thirsty...........
[16:01] {nemo} see ya'
[16:01] {Threei}  see you on monday
[16:01] {larisa} later :)
[16:01] {magoo} ty vad.....everyone
[16:01] {dino} take care all
[16:01] {dino} thx for ideas
[16:01] {_redcat}  nice being with u all
[16:01] {Threei}  you know where to find us redcat
[16:02] {magoo} take car redcat
[16:02] {Threei}  magoo even willing to give you his car
[16:02] {magoo} oh HE HE
[16:02] {dino} good to have you here redcat
[16:02] {_redcat} most generous of u magoo....should be able to make my own payments with ur guidance
[16:05] {dino} 4% over 30 or 40 years seems fair
[16:10] {dino} gn all

Thursday, February 19, 2009

Feb 19 2009

The day started with two strong trades - AKAM long for 30 something cents and CAT short for a full dollar. A few scalps on RIMM later on in both directions were like icing on a cake.                                                                                                                                                                                                                   
Session Time: Thu Feb 19 00:00:00 2009

[08:00] {KSystems} Boo
[08:03] {Threei}  good morning to you too KS
[08:06] {hawkfan4} morning
[08:06] {Threei}  hawk :)
[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:10] {Threei}  - Expectations for initial claims are 620K v prior release of 623K (range seen from 590K to 660K)
[08:10] {Threei}  - Continuing claims seen at 4.830M v prior 4.81M. (range seen from 4.800M to 4.882M)
[08:10] {Threei}  PREVIEW: JAN PRODUCER PRICE INDEX AND PPI EX FOOD & ENERGY DUE AT 8:30AMET
[08:10] {Threei}  Consensus expectations:
[08:10] {Threei}  - Producer Price Index MoM: 0.3%e v -1.9% prior; YoY expected at -2.4% v -0.9% prior
[08:10] {Threei}  - PPI ex Food & Energy MoM: 0.1%e v 0.2% prior; YoY expected at 3.8% v 4.3% prior
[08:14] {KSystems} Morning :)
[08:14] {Threei}  ks :)
[08:15] {nemo} Gruess Gott
[08:15] {Threei}  nemo :)
[08:16] {nemo} Nasdrovya Vad
[08:16] {nemo} Any interesting overnight news other than the Russians firing on the Chinese
[08:17] {Threei}  I missed that
[08:17] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=acUuNBiKjveM
[08:20] {Threei}  non-event, IMO
[08:20] {nemo} entertaining
[08:20] {larisa} good morning :)
[08:21] {Threei}  larisa :)
[08:21] {nemo} larisa :)
[08:21] {larisa} threei, nemo :)
[08:26] {Threei}  BALTIC DRY BULK INDEX +3.6%, 3RD STRAIGHT INCREASE FOR 4 MONTH HIGHS
[08:28] {Threei}  EGLE halved in 7 sessions
[08:29] {hawkfan4} wow
[08:29] {Threei}  DRYS at least had all those news with refinancing
[08:30] {Threei}  *INITIAL JOBLESS CLAIMS: 627K V 620KE;
[08:30] {Threei}  CONTINUING CLAIMS: 4.987M V 4.839ME
[08:30] {Threei}  JAN PRODUCER PRICE INDEX M/M: 0.8% V 0.3%E; PPI EX FOOD&ENERGY: 0.4% V 0.1%E
[08:31] {nemo} so producer inflation still high
[08:32] {cujo} good morning
[08:32] {Threei}  cujo :)
[08:32] {nemo} dog :)
[08:33] {cujo} hey nemo, how things
[08:33] {Threei}  GG
[08:34] {Threei}  REPORTS Q4 $0.12 V $0.11E, R $609M V $626.9ME
[08:34] {Threei}  - Q4 results include a non-cash foreign exchange gain on the revaluation of future income tax liabilities.
[08:48] {Threei}  market shrugs off another miserable job report
[08:50] {patience} good morning RT  :)
[08:50] {Threei}  patience :)
[09:03] {Onix} gm all
[09:03] {Threei}  onix :)
[09:06] {nemo} That PPI doesn't surprise me.  Companies trying to cover fixed costs.  At my weekend job, they're jacking up fishing equipment between 25-75%
[09:08] {cosmo} WFMI 11 resistance  ...fwiw
[09:09] {cosmo} looks like a buy out...
[09:11] {Threei}  quite a gap, PCLN
[09:13] {Threei}  SAN FRANCISCO FED ECONOMIST: THIS RECESSION WILL BE THE WORST FOR JOB LOSSES IN 50 YEARS
[09:13] {magoo} morming..I GOT IN EASY:)
[09:13] {Threei}  lol magoo
[09:13] {magoo} gonna be a good day
[09:14] {nemo} That SF Economist is going for your title, Vad.
[09:14] {Threei}  took you what, a month to get to configure mirc? and 20 min to finally do it?
[09:15] {magoo} yeah vad..pretty good huh?
[09:15] {Threei}  efficient too
[09:15] {cujo} Anyone know what happened to AAPL?
[09:16] {Threei}  no news
[09:17] {hawkfan4} Wall street journal reported AAPL computer unit sales in US declined 6% yr/yr in Jan
[09:18] {dptl} good morning all
[09:18] {Threei}  dp :)
[09:18] {fernp} Hello everybody
[09:18] {Threei}  fern :)
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:19] {Threei}  be back in 5
[09:19] {ese} morning
[09:19] {cosmo} WFMI 11.11 ...so far
[09:20] {pita} gm all
[09:24] {Threei}  ese, pita :)
[09:25] {Threei}  HIG is knocking on resistance
[09:26] {ese} hmmmmm seems like the new thing....raise the price target on a stock and it goes shooting up PCLN up +10 bills
[09:26] {Threei}  it reported yesterday
[09:26] {Threei}  upgrdaes came in after that
[09:28] {ese} ahhh....missed it i guess
[09:34] {Threei} Long Setup:  HIG  .50 break if stays above .40
[09:35] {buyemsellem} did that HIG invalidate?
[09:36] {Threei}  barely
[09:36] {nemo} teleport
[09:36] {Threei}  a bar or two more of trading here and will be valid again
[09:37] {nemo} stick a fork in it?
[09:37] {Threei}  invalidated now, bounce candidate rather than break
[09:38] {Threei}  NVAX
[09:38] {Threei}  REPORTS POSITIVE PRECLINICAL RESULTS FOR A NOVEL, BROADLY CROSS-PROTECTIVE H5N1 PANDEMIC INFLUENZA VIRUS-LIKE PARTICLE (VLP) VACCINE CANDIDATE
[09:38] {dino} amed stop to .51 yesterdays leftover
[09:38] {dino} pout slipped .49, +.99
[09:39] {Threei}  STT, pullback into 24.20 area will be interesting
[09:39] {magoo} c'mon bulls hold
[09:39] {Threei}  missed it
[09:40] {_redcat} ss orly 31.29
[09:41] {ese} L NIHD
[09:41] {Threei}  AKAM
[09:41] {ese}  1/2.72
[09:41] {Threei}  18.02 long if stays above 17.85
[09:42] {dino} celg strong
[09:44] {ese} out NIHD avg .93
[09:44] {ese}  +.21
[09:44] {Threei}  AKAM half out
[09:44] {Threei}  .19
[09:45] {Threei}  stop to .95
[09:45] {Threei}  offering 1/4 more .29
[09:46] {Threei}  taken
[09:46] {Threei}  last portion is still with stop under 18
[09:46] {cujo} great call.
[09:46] {Threei}  offering .41
[09:49] {ese} dino ITRI...wha da ya make of it?
[09:49] {ese} double botom.....
[09:49] {dino} missed earns last night
[09:50] {ese} no strength to bounce probably
[09:50] {dino} like it better around lod
[09:51] {Threei}  DEALERS NOTING THAT NUMEROUS SOVEREIGN CREDIT DEFAULT SWAPS CONTINUE TO HIT FRESH ALL-TIME HIGHS
[09:51] {Threei}  - US 5-year CDS at 96.6 bps
[09:51] {Threei}  - German 5-year CDS at 87.2
[09:51] {Threei}  French, Austrian, Finnish 5-year CDS also at record levels
[09:52] {nemo} oy...look at the difference...not good
[09:52] {dino} out celg .08, +.46
[09:52] {Threei} Short Setup: CAT  .64
[09:52] {Threei}  if stays below .80
[09:53] {ese} Bstop  WFMI .51
[09:53] {dino} rimm larisa
[09:54] {dino} amed gap fill from open
[09:54] {larisa} do not want to short it, will scalp on bounces
[09:54] {ese} filled .50 full lot
[09:54] {Threei}  CAT stop .75
[09:54] {dino} ahhh yes, music to my ears
[09:55] {dino} 40.60s
[09:55] {larisa} nice
[09:55] {ese} lots of resistance at .50 wfmi
[09:56] {dino} no, waiting there
[09:56] {dino} bmrn es?
[09:57] {dino} pretty good haircut
[09:58] {ese} was looking at that to dino...whats your take
[09:58] {dino} feeling bad for bauges
[09:58] {Threei}  AKAM stop to under .10 for the last 1/4
[09:58] {dino} 12.25 area sm
[09:58] {dino} no too low, 12.60s
[09:58] {ese} ok  i'll give that a shot
[09:59] {Threei}  cover half CAT
[10:00] {dino} itri wow, nice bounce
[10:00] {Threei}  JAN LEADING INDICATORS: 0.4% V 0.1%E
[10:00] {Threei}  FEB PHILADELPHIA FED INDEX: -41.3 V -25E
[10:01] {Threei}  stop to b/e for the balance
[10:01] {nemo} HIG plunging
[10:01] {ese} stopped WFMI -.15
[10:01] {Threei}  bid 1/4 more CAT .36
[10:02] {Threei}  and trail stop to just above .60
[10:02] {dino} amed sm l .82
[10:02] {fernp} grat call Vad. ty
[10:02] {Threei}  :)
[10:03] {buyemsellem} great call thanks
[10:03] {cujo} nice one.  
[10:03] {Threei}  welcome guys
[10:05] {Threei}  .36 bid hit
[10:05] {Threei}  stop for the last portion is .56
[10:05] {dino} 30 fixed at 5% and politicians say t too high, geeze i built at 9.5%
[10:06] {Threei}  bidding .21 last portion
[10:07] {Threei}  stop to above .50
[10:08] {Onix} ty Vad, got some in CAT
[10:08] {Threei}  stop to .46
[10:08] {Threei}  onix :)
[10:09] {Threei}  changing last cover, want to leave 100 shares
[10:10] {Threei}  direct hit on .21
[10:11] {Threei}  not sure yet what I want from that last 100 shares
[10:11] {dptl} ty cat +.16    +.46
[10:11] {pita} very nice call 
[10:11] {Threei}  dp :)
[10:11] {Threei}  stop is above .40 for those
[10:12] {pita} small sh only but ty
[10:12] {Threei}  pita :)
[10:12] {larisa} i had a dream today that market opened at -800 :) may be it will close there, keep 100 shares :)
[10:13] {Threei}  "I have a dream"...
[10:13] {nemo} ohoh
[10:13] {ese} missed BMRN...was watching something else...you in dino
[10:13] {dino} itri buck drop fast
[10:13] {dino} no waited at .51 no fill
[10:14] {dino} still waiting
[10:14] {Threei}  stop to above .30
[10:14] {cujo} u still short Vad??
[10:15] {Threei}  [10:09] {Threei} changing last cover, want to leave 100 shares
[10:15] {Threei}  had 300 left, covered 200 at .21
[10:15] {cujo} ahh, i thoght the "direct hit .21" was your last lot....  got ya
[10:15] {Threei}  sharp down with big volume
[10:15] {cujo} very nice play
[10:16] {Threei}  stop to .16
[10:17] {dino} es thoughts itri?
[10:19] {dino} ndx negative
[10:20] {ese} just takin a look 
[10:20] {ese} big double bottom
[10:21] {ese} volume not big enough for a bounce ....
[10:22] {ese} seems like it's stalled
[10:22] {dino} bmrn sm l .40
[10:23] {dino} nice range .70s-.20s itri
[10:25] {ese} seems to be hangin in the 
[10:25] {ese} if any of the indexes bounce it could go
[10:26] {ese} aww what the heck L ITRI .13 small
[10:26] {larisa} vad, interested in HIG bounce and where if at all? ty
[10:28] {Threei}  watching it but not sure yet
[10:28] {larisa} k
[10:29] {Threei}  8.90 is obvious setup but I don't like the stop being that wide
[10:29] {Threei}  and market bounce is not convincing at all
[10:29] {nemo} if CAT get's closer to 27.80 another short set up?
[10:30] {Threei}  formally yes... just much higher risk
[10:30] {nemo} ty
[10:31] {ese} stopped ITRI  
[10:31] {ese} -.20
[10:31] {dino} fast fall
[10:32] {magoo} GSdidnt even sell in that mkt drop fwiw
[10:33] {magoo} any read GS HAWK?
[10:33] {ese} yup $60 trial and error
[10:34] {dino} bmrn stopped .07 -.33
[10:35] {hawkfan4} not here, if market turns then .65 break, otherwise could fill the gap to 85
[10:35] {Threei}  STT
[10:35] {Threei}  half lot long .56
[10:35] {Threei}  just a scalp
[10:35] {nemo} too fast
[10:36] {cujo} caught .06
[10:36] {Threei}  good reflexes
[10:37] {pita} stop STT?
[10:37] {nemo} .40?
[10:37] {Threei}  just under
[10:38] {hawkfan4} 87 support for GS bounce mags, not in
[10:38] {Threei}  it went about 10 cents from entry and was designated as a scalp
[10:39] {Threei}  stop to above 28 CAT
[10:39] {hawkfan4} in .30, stop .10
[10:41] {nemo} CAT dancin' at the precipice-bear trap Vad?
[10:41] {magoo} ok hawk..not ion yet
[10:41] {Threei}  I've no idea
[10:42] {Threei}  at this point I just manage the trade
[10:42] {Threei}  trailing stop to above last resistance
[10:42] {Threei}  and letting it decide what to do
[10:42] {nemo} just wondering on umbrella principle?
[10:42] {Threei}  nah, I wouldn't do it on this trade
[10:43] {nemo} too much radical action on the stock?
[10:43] {Threei}  it's too far from original entry, risk rises as moves stretches
[10:44] {hawkfan4} HPQ .46, stop .35
[10:45] {hawkfan4} out GS .69
[10:45] {magoo} nice read hawk
[10:46] {dino} gj
[10:46] {hawkfan4} thx  if it breaks .80 should keep going, but it's right at the 20 sma 1 minute
[10:47] {dino} bmrn rinse r roni
[10:51] {larisa} hard to read reversal, did not get it
[10:51] {dino} sm l itri .60 risky
[10:53] {Threei}  OK
[10:53] {Threei}  now I know what I want fro CAT
[10:53] {Threei}  $1 or more
[10:53] {nemo} heheheheh
[10:53] {Threei}  been a while since I get a full dollar win
[10:54] {nemo} last week?
[10:54] {Threei}  if so I don't remember
[10:54] {Threei}  I have multiple challenges you see... gotta fight moth-like memory span on top of everything else
[10:55] {Threei}  come to me deat CAT
[10:55] {Threei}  dear that was
[10:55] {nemo} Shirley you jest?
[10:56] {hawkfan4} no, i'm serious, and stop calling me Shirley
[10:56] {Threei}  lol
[10:56] {nemo} I knew somebody saw the movie
[10:56] {Threei}  yessssss
[10:56] {Threei}  .65 hit
[10:56] {Threei}  covered for +1
[10:56] {cujo} geezzzz......    
[10:56] {Threei}  can I go home?
[10:56] {cujo} No
[10:56] {nemo} You'll have to get a silk sling for that arm, Vad  NO!
[10:56] {hawkfan4} nice one
[10:57] {Threei}  come on, two trades, both more than scalp
[10:57] {Threei}  never even hinted at jeopardizing stop
[11:00] {Threei}  DOE CRUDE: -138K V +3ME; GASOLINE: +1.1M V -500KE; DISTILLATES: -813K V -1.5ME
[11:00] {nemo} and gas prices are still going up...go figure
[11:01] {hawkfan4} GS .55, stop .30
[11:01] {hawkfan4} small
[11:01] {hawkfan4} that was fast
[11:02] {hawkfan4} rinse cycle
[11:03] {dino}  random swings again today
[11:11] {dino} apol
[11:19] {dino} .
[11:21] {dino} orly
[11:24] {dino} http://investorscoalition.blogspot.com
[11:24] {dino} trader tax pending
[11:26] {Threei}  has zero chance of passing, IMO
[11:26] {hawkfan4} i hate politicians
[11:26] {cujo} ditto
[11:28] {cujo} ss HIG .99
[11:31] {dino} just a bunch of lawyers that couldn't make it
[11:32] {dino} education stocks bloody today, cpla, apol, etc
[11:33] {dino} out itri .20, +.60
[11:35] {larisa} gj
[11:39] {dino} ty
[11:40] {dino} out amed .14, +.32
[11:43] {dino} es apol?
[11:43] {dino} 6 point range
[11:46] {ese} hmmmmmmm
[11:46] {Threei}  HIG is not dropping with this market drop
[11:46] {hawkfan4} was just looking at that
[11:47] {Threei}  watching for 9 break with market bounce
[11:47] {cujo} y, covered my short.
[11:47] {hawkfan4} 9 break 
[11:48] {Threei}  BAC under 4...
[11:48] {dino} c 2.5
[11:48] {ese} long at 79 dino
[11:49] {ese} L apol sm .00
[11:49] {Threei}  looking at them plus FAS... market really thinks next step will be nationalization of banks eh?
[11:50] {dino} ndx 1172 and s/p 780 lows yesterday
[11:50] {dino} 7479 dji
[11:51] {dino} ok es
[11:51] {ese} increased apol to 1/2 avg .06
[11:51] {dino} i am at 78.50 waiting
[11:52] {dino} gutsiest move i ever saw maverick
[11:53] {nemo} Permission for flyby
[11:53] {nemo} watch your coffee
[11:53] {dino} denied
[11:53] {nemo} VVVVVVVVRRRRRRRRRRRRROOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMM!!!!!!!!!!
[11:53] {dino} nice trade
[11:54] {ese} out apol .36
[11:54] {ese}  +.30
[11:54] {ese} tks dino
[11:54] {dino} vz opening gap at .07, waiting for fill
[11:54] {magoo} god dam that guy{as wipe coffee off shirt}
[11:55] {dino} you've lost that luvin' feeling
[11:56] {ese} apol comin down your way dino
[11:56] {dino} fwiw waiting on apol, watching itri, bmrn again
[11:56] {dino} missing lots of entries as i'm in bear market wait for them mode
[11:57] {_redcat} out PTEN 1/2 +.09
[11:57] {hawkfan4} watching HPQ again, support .28
[11:57] {larisa} btw today is International disturbed people's day :)
[11:57] {dino} ahhh, that explains my luck
[11:57] {hawkfan4} really?  then i should have the day off
[11:58] {larisa} lol
[11:58] {hawkfan4} :)
[11:58] {Threei}  you ashorted it redcat?
[11:58] {_redcat} yes
[11:59] {dino} red cat brings back memories
[11:59] {dino} hhj hazlet horny juice, hazlet's winery
[11:59] {dino} ny finger lakes
[11:59] {dino} ok apol sm off of .50 risky
[12:00] {pita} GS bounce area 86.25?
[12:00] {dino} all things considered itri held at .50 this time around
[12:01] {dino} wanted lod
[12:02] {dino} certain stocks getting stronger, amed, itri, bmrn
[12:06] {dino} dji pounding yesterdays low
[12:06] {nemo} HIG dropping now
[12:06] {dino} not good according to "hammer" theory
[12:08] {dino} apol stopped -.33
[12:11] {magoo} hawk..GS read here please
[12:11] {ese} a bounce off of these index levels would be a strong double bottom...
[12:12] {hawkfan4} no read really, stop would be under 85.80
[12:13] {hawkfan4} HPQ .31, stop .19
[12:13] {dino} vz gap fill
[12:14] {_redcat} out AMZN +.70
[12:14] {Threei}  nice trading
[12:14] {Threei}  ese... problem is, there is slightest sign of bounce
[12:15] {_redcat} thnk u...flattens my ORLY blunder
[12:16] {ese} ya....looks like it's going to go through them
[12:18] {dino} gj red
[12:19] {Threei}  ummm... there is NO sign of bounce
[12:20] {magoo} a bounce coming here
[12:21] {laserdave} magoo dcc please
[12:25] {_bobv} hi
[12:25] {Threei}  hi bob
[12:29] {dino} gm bob
[12:32] {Threei}  SOUTHERN CALIFORNIA HOME SALES ROSE 53% IN JANUARY - DATAQUICK
[12:32] {dino} apol monster rinse
[12:32] {hawkfan4} FAS .45, stop under .40
[12:34] {dino} shoot rimm 40s and i forgot to watch it
[12:40] {Threei}  nice one on FAS
[12:41] {hawkfan4} thx, little inverse h/s on 1 min, got in a little early
[12:41] {Threei}  scalping it or you want more?
[12:41] {cujo} Thanks Hawk
[12:41] {cujo} little scalp
[12:42] {hawkfan4} more i think, get that feeling like they can't break it so they'll have to buy it
[12:43] {nemo} still lunchtime...might only be able to get a scalp out of it
[12:43] {hawkfan4} true
[12:49] {Threei}  who wants a few minutes of rest from watching the market,
[12:49] {Threei}  http://www.cnbc.com/id/15840232?video=1039849853&play=1
[12:50] {dino} slacker
[12:51] {wulff} check out the action on RE
[12:53] {dino} bmrn approaches lod
[12:54] {cujo} Obama plan suspect at best...
[12:56] {Threei}  RIMM
[12:56] {Threei}  HEARING STRENGTH ATTRIBUTED TO POSITIVE COMMENTS FROM AMTECH (TIMING UNCERTAIN)
[12:57] {Threei}  AAPL
[12:57] {Threei}  DOWNGRADED TO SELL FROM NEUTRAL AT MF GLOBAL (TIMINIG UNCERTAIN)
[12:58] {hawkfan4} more time filler :  http://www.youtube.com/watch?v=h05ZQ7WHw8Y
[12:58] {Threei}  RIMM should be bouncable off .40 - .50
[12:59] {dino} itri approaches lod
[13:02] {Threei}  watch market bounce for RIMM entry
[13:03] {Threei}  in, stop under .40
[13:07] {magoo} vad was there news HIG?
[13:07] {Threei}  nope
[13:07] {magoo} i mean..its pummeled
[13:07] {Threei}  half out .63, scalpers take profit
[13:08] {magoo} whats your mkt "feel"for today vad?
[13:08] {Threei}  out RIMM in full .74
[13:08] {Threei}  easy money
[13:08] {Threei}  anyone?
[13:08] {cujo} y
[13:08] {Threei}  :)
[13:08] {cujo} .10+
[13:09] {jmb} thanks
[13:09] {cujo} thanks
[13:09] {Threei}  welcome guys
[13:09] {Threei}  I don't really have any today mags
[13:09] {Threei}  not yet at least
[13:09] {dawg} +.14 ty sir
[13:09] {Threei}  :)
[13:09] {magoo} usually..u have  like feel as close up..or setting up
[13:09] {Threei}  don't you love it when they are so predictable
[13:09] {magoo} ty RIMM btw
[13:10] {Threei}  entry point was clear way in advance
[13:10] {dino} up into close, opt exp tomorrow, no up yet this week
[13:10] {Threei}  PRU
[13:10] {Threei}  FITCH CUTS RATINGS
[13:11] {Threei}  PRU troubles are weighing on HIG
[13:11] {dino} buying financials is like playing russian roulette
[13:11] {Threei}  (not that HIG lacks its own troubles mind you)
[13:11] {Threei}  yeah
[13:12] {wulff} buy more rimm under .60?
[13:12] {Threei}  but while your Prez is in Canada, they are i=unlikely to anounce anything drastic
[13:12] {Threei}  so consider us a stabilizing fdactor for today :)
[13:12] {Threei}  looks right wulff
[13:12] {Threei}  but watch market
[13:13] {Threei}  gotta have bounce in NA for RIMM to play out
[13:13] {Threei}  in NQ
[13:14] {wulff} in .60 S .40
[13:15] {hawkfan4} brb
[13:15] {Threei}  UBS
[13:15] {Threei}  ANNOUNCES IT INTENDS TO CHALLENGE ENFORCEMENT OF THE IRS' "JOHN DOE" SUMMONS
[13:15] {Threei}  - earlier today the IRS sued to bank to reveal the names of US account holders
[13:17] {Threei}  I would keeop stop under .50 on this entry, wulff
[13:17] {wulff} ko
[13:17] {Threei}  lower BB came into .50
[13:17] {Threei}  and you are nicely over 1:1
[13:18] {wulff} muffled excitment
[13:18] {larisa} freaking HIG, 2 stops before giving me nice trade.
[13:18] {dino} itri sm l .50
[13:18] {Threei}  beautiful RIMM
[13:19] {dino} gj
[13:19] {wulff} VAD i'm in UNH at .40, offer balance at .80?
[13:19] {Threei}  (US) ENERGY SECRETARY CHU: DOE PLANS TO SPEND 70% OF STIMULUS FUNDING BY 2010, WILL AIM TO APPROVE SPENDING PROJECTS FROM STIMULUS BY EARLY SUMMER OF 2009
[13:20] {Threei}  you already partialed?
[13:20] {wulff} .60
[13:20] {Threei}  I'd move stop to .55
[13:20] {Threei}  and look for spike over .80 to exit
[13:21] {wulff} ty
[13:21] {nemo} Hawk-still holding?
[13:23] {Threei}  dump RIMM here and dance
[13:30] {wulff} here comes .80 in UNH
[13:31] {Threei}  I'd move stop to .65
[13:31] {Threei}  or .59
[13:31] {Threei}  hard to tell which is better, just different degrees of conservatism
[13:33] {wulff} .61
[13:33] {wulff} good shake in RIMM
[13:35] {dino}  bm,rn sm l .25
[13:36] {dino} bmrn
[13:38] {wulff} held .65
[13:40] {Threei}  looking for sharp drop RIMM to grab for bounce scalp
[13:40] {Threei}  probably closer to .30
[13:42] {Threei}  PRU
[13:42] {Threei}  REPORTEDLY LOSES ELIGIBILITY FOR A COMMERCIAL PAPER PROGRAM DUE TO FITCH DOWNGRADE
[13:43] {Threei}  serious dump PRU
[13:44] {nemo} disembowlment
[13:44] {nemo} should be going for tarp any time now
[13:46] {dino}  already did 1st time around
[13:46] {dino} trv, cigna, and met big ones that did not, i think
[13:46] {dino} no, cig did, chubb didn't
[13:47] {Threei}  here comes RIMM selloff
[13:47] {Threei}  PRU looks shovel-ready
[13:47] {dino} pru 13.10 52 week low
[13:48] {Threei}  MOODY'S REVISES OUTLOOK FOR US TECH HARDWARE SECTOR TO NEGATIVE
[13:48] {dawg} RIMM scalp in .32 out .42
[13:48] {Threei}  :)
[13:49] {dawg} ty Va
[13:49] {dawg} Vad
[13:49] {Threei}  they are easy when you get their rtyhm eh?
[13:49] {dawg} Yessir they are
[13:50] {dino} moodys reminds me of cramer, last summer all was well according to them
[13:50] {Threei}  so very true
[13:51] {dawg} ){
[13:51] {wulff} .80 Stop .68
[13:51] {dino} itri filling dec gap
[13:53] {Threei}  over .80, wulff... I am done looking at it
[13:53] {Threei}  good trade, congrats
[13:53] {wulff} ty
[13:54] {dino} gj
[13:55] {Threei}  mags... to answer your question earlier... down
[13:56] {Threei}  my eod bet is triple digits red
[13:56] {larisa} lol
[13:56] {Threei}  don't lol me
[13:57] {Threei}  make your bet
[13:57] {dino} triple digits green
[13:57] {larisa} my dream told me -800.  so i am with you :)
[13:57] {larisa} wow dino
[13:58] {dino} more like a nightmare
[13:58] {Threei}  lol, no kidding
[13:58] {Threei}  what kind of dream is that
[13:59] {Threei}  one must have had a quart of milk expired month ago to have it
[13:59] {Threei}  with hot dog made during Prohibition
[13:59] {larisa} if you do, you will not sleep at all silly
[14:00] {Threei}  could be... I don't have any personal experience {G}
06[14:00] * larisa slaps Threei around a bit with a large trout
[14:00] {Threei}  FED'S LOCKHART: ODDS TOWARDS BANK NATIONALIZATIONS ARE SUBSTANTIALLY LOWER - Q&A
[14:00] {Threei}  lower than when?
[14:00] {Threei}  or than what
[14:02] {nemo} well I guess FAS heard that comment
[14:02] {Threei}  FED'S LOCKHART: RECESSION WILL MOST LIKELY CONTINUE THROUGH THE FIRST HALF OF 2009; MODEST RECOVERY IS POSSIBLE IN SECOND HALF OF 2009, BUT ANY RECOVERY FACES NUMEROUS HEADWINDS
[14:02] {Threei}  - Consumers are being helped by lower energy prices
[14:02] {Threei}  - Monetary policy is still helping the US economy
[14:02] {Threei}  - The big inventory pullbacks will help boost production in the future
[14:02] {Threei}  - Lower mortgage rates are aiding housing, although housing is still burdened by excess inventory.
[14:02] {Threei}  - Financial sector remains troubled, but there are modest signals that the sector is improving a bit.
[14:04] {Threei}  FED'S LOCKHART: CHANCES FOR BANK NATIONALIZATIONS ARE SUBSTANTIALLY 'OFF THE TABLE FOR NOW' - Q&A
[14:04] {Threei}  for now?
[14:04] {Threei}  FAS fainted
[14:05] {dino} m2m is the "key"
[14:05] {Threei}  I guess it's coming
[14:05] {Threei}  they tried almost all remaining keys
[14:05] {Threei}  nothing helps
[14:05] {Threei}  so, m2m and bad bank are almost all left
[14:07] {nemo} It's gettin' off the mat
[14:07] {dino} brb
[14:07] {magoo} buffets down another 350 million today in afc and wfc
[14:08] {larisa} it is like $35 for us, nothing :)
[14:09] {nemo} Yeah, that's a half hour of drinks
[14:10] {Threei}  35? nothing?
[14:10] {Threei}  come on... I am crying for hours if I lose %35
[14:10] {Threei}  $35
[14:10] {nemo} You have issues
[14:11] {larisa} i am not, I am much stronger than you mentally
[14:11] {Threei}  hmmm... people keep telling me that
[14:11] {Threei}  which makes me cry more
[14:12] {nemo} ruff tuff immigrant...you've been here to long
[14:12] {Threei}  no, I actually got better... before immigration my crying treshold was $15
[14:20] {hawkfan4} ok, who killed my rally while i was gone
[14:20] {nemo} It's Larisa's fault
[14:20] {Threei}  we also moved your cheese
[14:21] {Threei}  and poured ink into washer
[14:21] {nemo} put Gold Bond in your jock strap
[14:21] {hawkfan4} i'm more concerned about the cheese
[14:22] {nemo} Whoa! that Santili rant at the top of Drudge
[14:27] {dino} watching cpla, apol
[14:28] {Threei}  wth USO
[14:31] {dino} sm apol l .60
[14:33] {Threei}  CAT just slides down
[14:33] {Threei}  when we shorted it first time three days ago, we could just hold it and go sleep :)
[14:33] {nemo} armchair quarterbacking?
[14:34] {Threei}  yup, I am very good at that
[14:34] {nemo} how can you throw with that arm?
[14:35] {dino} idcc
[14:44] {Threei}  anyone's up for serious adrenalin overload?
[14:44] {cujo} y
[14:44] {cujo} sleepy
[14:45] {nemo} of course...the rabid dog
[14:45] {Threei}  PRU... .50 break short
[14:45] {Threei}  one thing I promise:
[14:45] {Threei}  you won't be sleepy
[14:46] {Threei}  your guy and our guy give press-conference
[14:46] {nemo} huh?
[14:47] {Threei}  our guy speaks french... yours is looking at him with face expression you should see
[14:47] {nemo} oh...
[14:47] {Threei}  it's on CNN actually
[14:48] {larisa} and CNBC
[14:48] {nemo} I'll wake up the cats
[14:49] {Threei}  switch to english already, whole USA will think Canada speaks French
[14:49] {Threei}  finally
[14:49] {nemo} most of US doesn't know where canada is
[14:50] {Threei}  thta could well be true... trying to place an order with one NY company once I was told "sorry, we do not ship overseas"
[14:51] {nemo} No way...pru going up?
[14:51] {nemo} Hear that...a great pleasure to be in Iowa
[14:51] {Threei}  GE touched under 10
[14:52] {dino}  does a day every go by w/o an obama speech?
[14:53] {Threei}  kidding? it's a new economic engine
[14:53] {nemo} he'll have to buy carbon credits
[14:54] {dino} lol
[14:54] {nemo} subtle...huh?
[14:55] {Threei}  not really but who am I to judge subtlety
[14:56] {nemo} that's right...though...sensitivity has never been my strong suit...ask you ex's...
[14:56] {nemo} ask my ex's
[14:57] {nemo} look @ PRU!
[14:58] {Threei}  never triggered on a short side, so went up
[15:01] {magoo} vad..ill re-ask that question here
[15:02] {Threei}  [13:55] {Threei} mags... to answer your question earlier... down
[15:06] {magoo} felt like we were going up there
[15:08] {dptl} have a good evening all :)
[15:08] {Threei}  NQ loses 1170, market is toast
[15:08] {Threei}  take care dp
[15:09] {Threei}  28.80 in Qs terms
[15:10] {magoo} ok
[15:10] {nemo} hair's breadth
[15:11] {Threei}  holding by fingertips
[15:12] {nemo} FAS testing lows
[15:12] {Threei}  under
[15:12] {nemo} ohoh
[15:12] {nemo} quick hide the women and children!
[15:12] {Threei}  my triple red is coming
[15:12] {dino} ok, new lows 
[15:13] {dino} 7449 nov low, 1018 (far away), and 741 
[15:13] {nemo} How low can you go?
[15:15] {nemo} Cramer's ranting against Santili
[15:16] {hawkfan4} now i know for sure Rick was right
[15:16] {Threei}  lol
[15:20] {dawg} RIMM scalp in .73 out .83
[15:20] {Threei}  careful with bounces guys
[15:20] {dawg} K
[15:21] {Threei}  guts say, cruel flush is coming
[15:21] {Threei}  in fact, I'd see to short RIMM
[15:27] {Threei}  ok... guts wrong
[15:27] {dino} ppt steps in
[15:27] {magoo} you r skerrin me
[15:27] {nemo} There's still time
[15:27] {Threei}  little short RIMM
[15:28] {Threei}  .24, stop above .30
[15:28] {Threei}  half out .12
[15:28] {nemo} too quick for me
[15:30] {Threei}  never played RIMM with 7 cents stop before
[15:32] {Threei}  out 1/4 more
[15:32] {Threei}  42.01
[15:33] {Threei}  FAS new low
[15:34] {Threei}  market selling accelerates
[15:34] {Threei}  I still may win that bet
[15:34] {nemo} [15:27] {nemo} There's still time
[15:35] {nemo} Of course Meredith Whitney is on saying banks are screwed
[15:35] {wulff} AAPL +50
[15:35] {wulff} .50
[15:36] {Threei}  beautiful
[15:36] {Threei}  fas
[15:36] {nemo} you scalp it?
[15:36] {Threei}  ?
[15:37] {Threei}  beautiful was to wulff's trade
[15:37] {wulff} Shorted scalp
[15:37] {nemo} oh
[15:37] {wulff} .70-.22
[15:37] {Threei}  fas was typed in a wrong window
[15:37] {Threei}  MEREDITH WHITNEY: WOULD BE A SELLER OF CITIGROUP, EVEN AT THESE LEVELS - CNBC COMMENTS
[15:37] {Threei}  {C}
[15:39] {dino} who is this meredith gal?
[15:40] {dino} s/p -11% since 02/09/09
[15:40] {nemo} Bank analyst...she's been nailing it since the debacle started
[15:40] {Threei}  triple red
[15:40] {Threei}  HIG lower and lower
[15:40] {larisa} famous oppenheimer girl who predicted banks crisis
[15:40] {dino} ok, thx
[15:40] {_bobv} yes, triple digit red
[15:40] {Threei}  FAS frikin 5
[15:41] {nemo} was 5
[15:41] {Threei}  DOW JONES INDUSTRIAL BREAKS BELOW NOV 21ST INTRADAY LOWS OF 7,449.38
[15:42] {Threei}  can I start those gestures, you know... drumming the chest...
[15:42] {Threei}  patting the back
[15:42] {nemo} You mean you stopped?
[15:42] {nemo} When?
[15:42] {Threei}  not really,
[15:42] {Threei}  but I never revealed I did it
[15:42] {Threei}  so now I asm trying to officiate it
[15:43] {dino} we must start to contrary trade my "gut"
[15:44] {Threei}  jokes aside, I am fairly proud of how we handled this week
[15:44] {Threei}  I don't believe many can say they run close to 100% these days
[15:44] {_bobv} sp futures rebound
[15:45] {buyemsellem} yes, great week
[15:45] {Threei}  closed last portion RIMM
[15:45] {nemo} ppt struck...it's only Thursday
[15:45] {cujo} good week, good day
[15:45] {Threei}  what PPT...
[15:45] {Threei}  myth
[15:45] {nemo} whatever...bye Santa
[15:46] {Threei}  wait... I have something to tell you about Easter bunny too
[15:47] {wulff} could have range traded AAPL all afternoon
[15:47] {dino} radical thought, everybody on tv says we are going to hell. contrary trade is up. could be double bottom in the making
[15:47] {dino} patience????
[15:48] {Threei}  now you are talking like I did yesterday dino... remember my dilemma?
[15:48] {dino} bacon or salad?
[15:48] {dino} no, seriously
[15:48] {Threei}  that one is no a dilemma
[15:49] {nemo} sob look at FAS
[15:49] {Threei}  I said yesterday, I was torn on the market,
[15:49] {Threei}  chart is absolutyely breakdownish
[15:49] {Threei}  and NOV lows is total magnet
[15:49] {Threei}  but everyine says we are going to break down
[15:49] {Threei}  and it can't be just that easy
[15:50] {dino} ahhhh
[15:50] {dino} great cloudy minds think alike
[15:50] {Threei}  lol
[15:50] {dino} i just have a hard time following the crowds
[15:50] {Threei}  tell me about it
[15:51] {Threei}  unless it's a crowd of short skirts and high heels
[15:52] {nemo} drag queens?
[15:52] {dino} indeed, no problem there
[15:52] {dino} s's over n's today unusual
[15:52] {Threei}  nemo, dino said cloudy minds, not dirty
[15:53] {nemo} mushroom clouds are dirty
[15:53] {dino} no drag queens
[15:55] {wulff} see ya'll
[15:55] {Threei}  okay guys
[15:55] {Threei}  thank you all
[15:55] {Threei}  have a good evening
[15:55] {larisa} bye
[15:55] {Threei}  see you tomorrow
[15:55] {nemo} P&Q
[15:55] {dino} esi ouch
[15:56] {fernp} good evening

Wednesday, February 18, 2009

Feb 18 2009

The day started rather slow with flat trade and a small stop, then picked up with 40 cents profit on CAT short, RIMM, HIG and STT longs, and some other scalps scattered here and there. Still staying picky and careful.

Session Time: Wed Feb 18 00:00:00 2009

[07:57] {Threei}  Good morning
[07:57] {Threei}  GM
[07:57] {Threei}  CEO WAGNER: THE $30B REQUEST IS FOR WORST-CASE SCENARIO, TOOK CONSERVATIVE VIEW TO VIABILITY PLAN - CNBC
[07:57] {Threei}  - Current funding request is "pretty much in line with prior request."
[07:57] {Threei}  - New UAW deal makes labor costs more competitive with foreign automakers.{F}
[07:57] {nemo} Top o' the mornin' to ya"!
[07:57] {Threei}  Russian exchange halted again?
[07:58] {nemo} mafia
[08:08] {magoo} morning
[08:09] {nemo} mornin' mags
[08:09] {Threei}  magoo :)
[08:10] {magoo} can someone walk me thru downkload of new room mirc now while we are not busy?
[08:11] {Threei}  KS?
[08:11] {magoo} the caddress is no longer on real money i believe also
[08:11] {Threei}  who?
[08:11] {magoo} the mirc download address
[08:12] {Threei}  what does realmoney have to do with it?
[08:12] {magoo} thats where u had the ling to mirc
[08:13] {Threei}  mags... are you drinking that early?
[08:13] {Threei}  what do I have to do with realmoney, or ever did?
[08:13] {magoo} OH SHIT LOL
[08:14] {magoo} ROFLOL
[08:14] {Threei}  http://www.realitytrader.com/tradingroom/
[08:14] {Threei}  scroll down
[08:14] {Threei}  all instructions are in place
[08:14] {Threei}  but dcc KS first
[08:15] {Threei}  my assumption is, before installing new mirc you need to eliminate old one
[08:15] {Threei}  otherwise settings are getting copied
[08:16] {magoo} how i dcc in this room again?
[08:16] {Threei}  ummm... doubleclick on the nick?
[08:16] {Threei}  BALTIC DRY BULK INDEX RISES 4.8%; SECOND STRAIGHT RISE
[08:20] {Threei}  QCOM CEO: SEEING OPPORTUNITIES FOR ACQUISITIONS AND INVESTMENTS
[08:30] {Threei}  JAN IMPORT PRICE INDEX M/M: -1.1% V -1.2%E
[08:30] {Threei}  Y/Y: -12.5% V -11.2%E
[08:30] {cujo} good morning
[08:30] {Threei}  JAN HOUSING STARTS:466K V 529KE; BUILDING PERMITS: 521K V 525KE
[08:30] {Threei}  cujo :)
[08:32] {Threei}  Import prices - Prior MoM revised from -1.2% to -5.0%
[08:32] {Threei}  - Prior YoY revised from -9.3% to -10.3%
[08:35] {larisa} good morning
[08:35] {Threei}  larisa :)
[08:35] {larisa} threei :)
[08:37] {elepet} good morning from sunny mexico
[08:37] {Threei}  elepet :)
[08:41] {nemo} bad news:  http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:
[08:45] {Onix} gm all
[08:45] {Threei}  onix :)
[08:49] {hawkfan4} good morning
[08:50] {Threei}  hawk :)
[08:55] {dino} gm all
[08:55] {Threei}  dino :)
[08:56] {Threei}  sigh
[08:56] {Threei}  FED'S PINALTO: CURRENT ECONOMIC SITUATION IS 'HISTORIC AND UNPRECEDENTED'
[08:56] {Threei}  TURMOIL NOT LIMITED TO US
[08:56] {Threei}  double sigh
[08:57] {hawkfan4} im learning so much so early in the day...
[08:57] {Threei}  yes
[08:57] {Threei}  good thing they share all this highly classified information with us
[08:58] {dino} it's shocking (like they haven't said it every day since september), 
[08:58] {Threei}  hell is repetition
[08:59] {Threei}  also, I appreciate them being considerate enough to repeat it 183 times just for me - I usually start remembering things after 180th time
[09:00] {dino} give me what i want and i'll go away
[09:01] {Threei}  TREASURY SEC GEITHNER: TREASURY WILL INCREASES GSE LOAN REFINANCING BY UP TO $400B
[09:02] {Threei}  FED'S PIANALTO: WORRIED ABOUT 'UNWELCOMED DISINFLATION'
[09:02] {Threei}  - Economy was substantially worsened, turmoil not limited to US
[09:02] {Threei}  - Not expecting economy to improve until housing, financial markets stabilize
[09:02] {Threei}  - Sees dramatic decline in GDP during H1 2009; expects a modest upturn in US growth during H2 2009.
[09:02] {Threei}  - Unemployment will probably rise throughout this year.
[09:04] {nemo} look at FAS
[09:05] {dino} "no aid for speculators" obama plan
[09:06] {dino} when did capitalism become the enemy
[09:09] {Threei}  be back in 5
[09:10] {fernp} Hello everybody
[09:11] {dptl} good morning all
[09:11] {fernp} hi dp
[09:11] {hawkfan4} morning
[09:15] {Threei}  fern, dp :)
[09:16] {Threei}  today is promising to be considerably tougher read, with expectations for financial plan announced
[09:17] {Threei}  AN INDUSTRIAL PRODUCTION: -1.8% V -1.5%E; CAPACITY UTILIZATION: 72% V 72.4%E
[09:17] {Threei}  - prior Industrial Production revised from -2.0% to -2.4%
[09:17] {Threei}  going to stay picky
[09:17] {ese} morning
[09:17] {Threei}  ese :)
[09:19] {Threei}  first course of action looks to be looking to buy pullback to scalp the bounce
[09:19] {Threei}  then we will see what transpires
[09:19] {ese} don't know which way is "up" or  "down" these days....mostly watching you all...not doing much trading 
[09:20] {Threei}  TREASURY SEC GEITHNER: TREASURY WILL INCREASE GSE LOAN REFINANCING BY UP TO $400B, BELIEVES STRENGTHENING GSES WILL MAKE MORTGAGES MORE AFFORDABLE
[09:20] {Threei}  - GSE mortgage portfolios will be boosted by $50B each to a total of $900B
[09:20] {Threei}  - Purchase agreements amended to $200B from $100B
[09:20] {Threei}  - Launches $75B stability initiative, for owner-occupied homes
[09:20] {Threei}  - Plan seeks to help 7M-9M homeowners avoid foreclosure
[09:20] {Threei}  - Allows for 4M-5M home refis and targets another 3M-4M "at risk" homeowners
[09:20] {ese} smokin busy doing shows with my high school R&B band....got one tonight for the education facultyies of all the universities across canada
[09:21] {Threei}  cool ese :)
[09:21] {Threei}  let's teach them to rade also
[09:21] {Threei}  trade
[09:21] {ese} thats a good idea
[09:22] {cosmo} i'll trade an old trombone mouthpeice for some drum sticks...
[09:22] {ese} lots of cut backs in fine arts even at the post secondary level....
[09:24] {ese} my group is very high performance in what it does and so the unive of Victoria wanted to show them off as a " what you stand to loose if these cutbacks continues"
[09:27] {ese} anyway....hard to concentrate on trading
[09:28] {ese} hows everbody else doin though......
[09:28] {dino} have fun w/it es
[09:30] {Threei}  FAS, will be interested in pullback to about 6.15
[09:31] {ese} tks dino
[09:32] {Threei}  stop would be under 6, so let's try to cach it if it dives under 6.20 quickly
[09:34] {hawkfan4} watching SQNM pullback
[09:35] {Threei}  in
[09:35] {Threei}  .16
[09:35] {Threei}  for scalpers stop under 6.10
[09:36] {Threei}  half out .25
[09:37] {dino} markets not liking interference in contract law/mortgages
[09:37] {KSystems} there you go mags
[09:37] {KSystems} Congrats :-)
[09:37] {KSystems} poh no
[09:37] {KSystems} your back with mibbit?
[09:38] {Threei}  out balance
[09:38] {Onix} stopped
[09:39] {Threei}  wash... +.09, -.07
[09:39] {KSystems} better?
[09:39] {magoo} AM I HERE?
[09:39] {KSystems} yep
[09:40] {Threei} Short Setup: HIG  .25 break
[09:40] {Threei}  stop above .40
[09:40] {nemo} too fast
[09:40] {Threei}  bouncing into trigger
[09:42] {Onix} stopped hig
[09:43] {fernp} stopped
[09:44] {dino} itri sm l .90
[09:44] {dino} whippy one
[09:49] {dino} stopped itri -.35
[09:49] {Threei}  FAS dive under 6.10 worth a try for double bottom
[09:51] {Threei}  stop under 6
[09:54] {dino} vz sm l .20
[09:55] {Threei}  GERN
[09:55] {Threei}  STEM CELL RELATED STOCKS LOWER TODAY AFTER REPORT OF SEVERE SIDE EFFECT FROM ONE STEM CELL TREATMENT CASE
[09:55] {Threei}  - according to today's report, a patient in Israel being treated for a genetic disorder was being injected with fetal stem cells and developed tumors in his brain directly related to the treatment.
[09:58] {dptl} hey Hawkfan....are you using esignal with laser?
[09:58] {hawkfan4} yes
[09:59] {dptl} are they working fine together last couple of days?
[10:00] {hawkfan4} yeah, no problems with it here
[10:01] {Threei}  CAT yesterday's low is 28.52
[10:01] {Threei}  watching bounce
[10:01] {Threei}  if forms the high close enough for a tight stop, .50 will be a short trigger
[10:01] {dptl} ok ty hawk....mine are start shuting down the system if they are open together... wierd
[10:02] {Threei}  what do you use esignal for?
[10:02] {hawkfan4} hmm, that is wierd. charts
[10:02] {Threei}  duh
[10:02] {Threei}  lol
[10:03] {hawkfan4} :) 
[10:03] {Threei}  didn't think you fried eggs on it
[10:03] {dino} rimm gap filled
[10:03] {Threei}  .65 holding so far as CAT's resistance
[10:04] {Threei}  lert's make it invalidating level
[10:07] {fernp} out ACAS +.10 CIT +.20 and AA +.20 (all shorts)
[10:08] {Threei}  HIG, couldn't you do that when we shorted you?
[10:08] {Threei}  CAT 1:1, cover half or scalp, at your discretion
[10:08] {Threei}  nice scalping footwork, fern
[10:08] {fernp} ty
[10:09] {Threei}  stop to just above breakeven for other half
[10:09] {dino} cramer pushing and buying gold on his site; possible top in the making
[10:09] {Onix} ty Vad, got some in CAT
[10:09] {Threei}  1:2, 1/4 more out
[10:10] {Threei}  stop is still above .50 for the last portion
[10:11] {hawkfan4} SQNM .51 break, under .40, whippy
[10:11] {Threei}  out CAT in full
[10:11] {Threei}  1:3
[10:11] {hawkfan4} stop under .40 if it triggers
[10:11] {Threei}  direct hit
[10:11] {Threei}  +.45
[10:12] {hawkfan4} nice one
[10:12] {Onix} beautiful
[10:12] {dino} 7449, 1018, 741
[10:12] {Threei}  HIG was so supposed to do the same
[10:12] {Threei}  getting a bit overstrethced
[10:14] {Threei}  sheesh... covered CAT too soon again
[10:15] {Threei}  HIG .50 break long half lot
06[10:15] * magoo slaps Threei around a bit with a large trout
[10:15] {Threei}  if stays above .40
[10:16] {Threei}  what was that for?
[10:17] {magoo} just seeing if had the good slap program
[10:17] {magoo} do not  now
[10:21] {Threei}  let's trail HIG to .45
[10:21] {Threei}  it touched 1:1 earlier but way too ffast
[10:22] {Threei}  unless you had sell order in, no way you'd catch that
[10:22] {magoo} waiting .87 here 
[10:22] {Threei}  greedy aren't we
[10:22] {magoo} as always..whats changed lol
[10:23] {hawkfan4} .869 here
[10:23] {Threei}  nothing, excpet you don't have those creative slaps anymore {G}
[10:23] {Threei}  over 1:1, half out or scalp
06[10:24] * nemo slaps Magoo with a hahahahah turnabout is fair play
[10:25] {magoo} i knew some paybk was coming he he
[10:29] {Threei}  elepet, you liquidated your PALM on that march into 9 and above, right?
[10:29] {fernp} where's the stop .45?
[10:30] {Threei}  for HIG?
[10:30] {Threei}  yeah
[10:31] {fernp} ty
[10:31] {Threei}  with next break of .60, trail to just under .50
[10:32] {Threei}  let it spike into magoo.hawk sell zone and make sure you undercut them by .00001
[10:32] {hawkfan4} you know it :)
[10:32] {Threei}  hehe
[10:33] {Threei}  gotta use this favorable moment while magoo is unarmed
06[10:33] * Threei slaps magoo around a bit with a large sell order undercutting magoo's one by 1/zillionth of a cent
06[10:33] * nemo pulls magoo's network cable
[10:34] {Threei}  1:2 HIG
[10:34] {nemo} I think we're ganging up on him
[10:34] {Threei}  and it's bad why?
[10:35] {Threei}  when he has those fancy slaps, he gangs up on the whole room - don't know how he manages to do that alone but he does
[10:35] {nemo} I stated a fact, not a judgement.  I fully believe in kicking a man when he's down.  Because, if he gets up, he might start kicking you!
[10:35] {magoo} u guys :)
[10:36] {Threei}  OK, HIG and FAS scalps compensated initial HIG stop, and CAT profit keeps the day in black
[10:36] {Threei}  nothing outstanding
[10:37] {Threei}  but better than poke in the eye
[10:37] {nemo} Well, at least I have a nice view of the ocean this week
[10:37] {nemo} Snow storm coming in tonight though
[10:37] {Threei}  yikes
[10:38] {larisa} make sure horses are warm :)
[10:38] {nemo} They're in the barn...supposed to get a foot...if it changes over to freezing rain...I probably won't be here tomorrow
[10:40] {larisa} rain here and expect 4" of snow. February :)
[10:40] {magoo} where u at nemo?
[10:41] {Threei}  in a fedw months after I moved to Victoria I heard a phrase here that sounded like total oxymoron to me:
[10:41] {Threei}  "on a hot February day"...
[10:41] {nemo} Harpswell, Maine
[10:41] {Threei}  sounds normal to me now
[10:41] {nemo} Now there's an oxymoron   Vad and "normal"
[10:41] {magoo} oh..main
[10:41] {Threei}  lol
[10:42] {nemo} stuck your chin out,dude.  Had to whack it.
[10:42] {Threei}  my first impulse was to take severe umbrage... then I decided why pretend
[10:42] {nemo} dilligaf
[10:43] {Threei}  there is not much normal about a guy for whom bacon is weight loss diet
[10:43] {magoo} u had to mention bacon? now i gotta have it
[10:43] {nemo} Yeah, makes me hungry too
[10:44] {nemo} Got home slaughtered pork and bacon in the freezer
[10:45] {Threei}  what's with TSYS
[10:45] {Threei}  what is normal about a stock that makes 52 week highs in this market
[10:49] {hawkfan4} 05-Feb-09 16:11 ET In Play TeleComm Sys beats by $0.04, beats on revs (7.25 ) : Reports Q4 (Dec) EBITDA per share of $0.15 per share, $0.04 better than the First Call consensus of $0.11; revenues rose 113.7% year/year to $79.3 mln vs the $61.9 mln consensus. 
[10:55] {magoo} chanserv is one tough cookike
[10:56] {Threei}  it's trained to be tough
[11:00] {Threei}  any indications when the speech is expected on foreclosures?
[11:01] {nemo} watching FAS and HIG for another short?
[11:01] {larisa} set to unveil his housing plan formally at 12:15 p.m. EST
[11:02] {Threei}  ty larisa
[11:02] {Threei}  I am bit torn on that nemo
[11:02] {Threei}  here is my train of what goes for thoughts with me
[11:03] {nemo} just on the stocks, right?
[11:03] {Threei}  any hint at nationalisation of some banks should send FAS down screaming
[11:03] {dino} greenspoan favors it, cnbc right now
[11:04] {Threei}  firm statement against it plus some variation of a bad bank idea should send it up
[11:04] {Threei}  while they debate and jawbone, I don't want to get caught into sharp moves
[11:04] {Threei}  caused by hints and interpretations
[11:05] {Threei}  so, I am kind of in the limbo on the sector
[11:06] {Threei}  look at WFC
[11:10] {Threei} Long Setup:  RIMM  .65 if stays above .50
[11:11] {nemo} too fast
[11:11] {magoo} in
[11:11] {fernp} missed
[11:12] {Threei}  WFC looks like flush is coming
[11:13] {Threei}  no defined trigger
[11:13] {Threei}  low is a bit too far from here
[11:13] {Threei}  so is resistance
[11:15] {Threei}  RIMM 1:1, half ot scalp
[11:16] {magoo} wait .93
[11:16] {Threei}  if taking half, stop to under .60
[11:16] {Threei}  and don't forget to offer at .9299
[11:16] {magoo} :)
[11:19] {cujo} great call Vad
[11:19] {buyemsellem} yes, nice call
[11:20] {Threei}  as larisa indicated yesterday, I show nice leadership when I wake up
[11:20] {Threei}  which seldom happens
[11:20] {Threei}  FHFA BELIEVES OBAMA HOUSING PLAN WILL HELP KEEP INTEREST RATES ON MORTGAGES LOW
[11:21] {magoo} ty rimm boss 
[11:21] {Threei}  wecome sir
[11:29] {magoo} HIG escaped me
[11:29] {cujo} i got in hig .66
[11:29] {cujo} but got out .76
[11:29] {cujo} ugh
[11:30] {Threei}  FDIC'S BAIR: HOUSING PLAN ANNOUNCED TODAY IS 'MISSING LINK' IN RESCUE EFFORT
[11:30] {Threei}  why am I not convinced
[11:30] {cosmo} its a tradition
[11:31] {hawkfan4} trailing SQNM stop to .90
[11:32] {magoo} they used to say patric ewing was the missding link lol
[11:33] {Threei}  I even applied for that position once but they said my IQ was below the lower link, so I wouldn't fit as a middle one
[11:34] {magoo} but yours looks qualified correct {as magoo runs for cover from imp[ending slap fest}
[11:34] {nemo} I remember when Ewing's Georgetown coach wouldn't let the team come out because of a rather derogatory sign about him in the stands
[11:36] {Threei}  at least one good thing came out of automakers debacle
[11:36] {Threei}  PT Cruiser is no more
[11:37] {hawkfan4} lol
[11:38] {Threei}  one of the most meaningless cars I've ever seen, lol
[11:40] {Threei} Short Setup: HIG  with stop above .10
[11:41] {cujo} 10.00 break?
[11:41] {Threei}  either 10 break or aggressively on market weakness
[11:41] {Threei}  matter of taste really
[11:42] {Threei}  invalidated anyway
[11:47] {dino}   sm l fdo .40
[11:50] {hawkfan4} out SQNM +.44
[11:50] {Threei}  beautiful trade
06[11:50] * magoo slaps hawkfan4 around a bit with a large trout
[11:50] {hawkfan4} thx vad :)
[11:51] {cujo} nice Hawk.
[11:51] {Threei}  magoo... just find that e-mail with slaps and install them again
[11:51] {Threei}  I just can't watch how you torture yourself
[11:51] {hawkfan4} thx cujo
[11:52] {magoo} could u send it again..its long gone
[11:52] {Threei}  you mean you delete e-mails with vital information?
[11:53] {magoo} yeah..not having any fun w/ole trouaroop
[11:53] {hawkfan4} i could use it too
[11:53] {magoo} everything must go vad
[11:53] {magoo} provides clarety
[11:53] {magoo} even ditched spell check..no need for it he he
[11:54] {Threei}  dcc me your e-mails please to save time on address book search
[11:54] {magoo} its there
[11:57] {Threei}  sent
06[11:57] * nemo slaps magoo around a bit with a large Master Profit Plan
06[11:57] * nemo slaps Threei around a bit with a large book of Techniques of Tape Reading
06[11:57] * nemo slaps Threei around a bit with a large roll of cash
06[11:58] * nemo slaps Threei around a bit with a large daytrading course
06[11:58] * nemo slaps Threei around a bit with a large chart of uptrending market
[11:58] {nemo} mmmmmhhh....seems to work now
[11:58] {cujo} n21=Slap(Cash):/me slaps $$1 around a bit with a large roll of cash
[11:58] {cujo} hmm
[11:58] {cujo} how do you use these things?
[11:58] {Threei}  lol
[11:58] {nemo} carefully
[11:59] {cujo} ha ha ha laugh at the new guy.... 
[11:59] {Threei}  of course... when there are no old ones to laugh at around
06[11:59] * cujo slaps buyemsellem around a bit with a large trout
[11:59] {nemo} Trish Regan skeeves me
[11:59] {buyemsellem} ouch
06[12:00] * cujo slaps $$1 around a bit with a large roll of cash
[12:00] {cujo} there we go..
06[12:00] * nemo slaps cujo around a bit with a large a rabies vaccine
[12:00] {Threei}  who is $$1?
[12:00] {cujo} just testing the script...
[12:01] {nemo} details
[12:01] {larisa} do we have a limit like 2 slaps per day per person ?  
[12:01] {larisa} or somefing
06[12:01] * cujo slaps everyone around a bit with a large 2x4
[12:02] {nemo} how does a dog hold a 2x4
[12:02] {Threei}  fine with me larisa, as long as it's not imposed on me
[12:02] {cujo} ehh, improvised.  
[12:02] {larisa} for you it is 1 per day and you can say "r" word...
[12:02] {nemo} You mean you can only slap twice, or the same person twice?
[12:02] {Threei}  no way... I need slap-a-plenty
[12:03] {nemo} Sounds like oppresive communism to me, comrade
[12:09] {magoo} vad dcc
[12:09] {hawkfan4} DRYS .76, stop .67
[12:14] {cujo} Hawk, any thoughts on GS here...?
[12:14] {cujo} looks liek it keeps butting its head against that 86.00 price....
[12:14] {hawkfan4} too close to Obama time, i'd stay away for now
[12:14] {cujo} yeah good point. 
[12:15] {cujo} who knows what havoc will occure.....
[12:17] {dino}  what time obama?
[12:17] {larisa} 2 min late
[12:17] {dino} of course, thx
[12:18] {larisa} Bernanke in 40 min too
[12:18] {nemo} Sell the news?
[12:19] {Threei}  what news
[12:19] {Threei}  they already disclosed practically all content
[12:24] {nemo} yeah, but so wasn't the rescue package in November.  Market sold off on the vote.
[12:24] {Threei}  no
[12:24] {Threei}  that one was voted for
[12:25] {Threei}  the matter was whether it passes or not
[12:25] {Threei}  this one is a fact
[12:25] {nemo} we knew it was going to pass
[12:25] {Threei}  yes
[12:26] {Threei}  so market went up into that moment
[12:26] {Threei}  and sold off when it came to fruition
[12:26] {Threei}  there was expectation of news and moment of news itself
[12:26] {Threei}  with this speech both are behind us
[12:27] {Threei}  we will most likely sell down anyway
[12:27] {Threei}  but the mechanics are different
[12:29] {hawkfan4} back in a bit
[12:31] {Threei}  why is it a big speech again?
[12:31] {nemo} It's given by a "black" president?
[12:32] {nemo} pretty anti-climactic
[12:40] {dino} always sell after obama
[12:41] {dino} icentives for staying current on mortgage?????i thought the incentive was to keep your house!
[12:41] {nemo} What did FASB say about Mark-to-Market?
[12:41] {dino} this administration is clueless!!!!!!!!!\
[12:43] {dino} did not see any m2m comments nemo
[12:46] {Threei}  IMF'S STRAUSS-KAHN REITERATES STIMULUS PLANS MUST BE MOVED FORWARD QUICKER, COULD REVISE GLOBAL GROWTH FORECAST TO NEAR 0%
[12:46] {Threei}  - Remarks that the crisis may turn around by beginning of 2010
06[12:46] * magoo slaps cujo around a bit with a large trout
[12:46] {dino} what the hell is a "1k success fee" for 3 years?
06[12:48] * cujo slaps magoo around
[12:48] {cujo} :)
[12:51] {larisa} dino, If I or you stay current on the loan, servicer will get rewarded 1K a year for 3 years :)
[12:52] {dino} from who, govt?
[12:52] {larisa} yup
[12:52] {Threei}  market is underwhelmed
[12:52] {dino} they are destroying the free market, imo
[12:52] {Threei}  and create zillion of new questions down the road
[12:53] {dino} details out march 4th, more of nothing
[12:53] {dino} they most likely do not have it figured out yet, otherwise why wait?
[12:56] {magoo} or close here again first
[13:00] {larisa} I like this redhead on CNBC. rich looking :)
[13:00] {dino} ;-)
[13:00] {Threei}  I like redheads, period
[13:01] {wulff} not to suddly join in, but me too
[13:01] {Threei}  FED'S BERNANKE: SUGGESTING A LONG TERM INFLATION FORECAST SIMILIAR TO THAT OF A TARGET; ENCOURAGED BY MARKET RESPONSE TO ACTIONS THUS FAR, EXPECTS INFLATION TO BE LOW FOR SOME TIME
[13:01] {Threei}  - Long term forecasts to be released with FOMC minutes later today
[13:01] {Threei}  - Fed will extend economic forecast horizons to a period of 5-6 years
[13:01] {Threei}  - Sees recovering Bear Stears and AIG loans
[13:02] {nemo} great....5 year plans
[13:02] {Threei}  ENCOURAGED BY MARKET RESPONSE??
[13:02] {larisa} like DRYS CEO, going in right direction :)
[13:03] {Threei}  should we lose 2000 points in one day for him to be slighly disappointed?
[13:03] {cujo} HIG short under 10.00 Vad?
[13:03] {dino} itri last try sm l .00
[13:03] {dino} spiked
[13:04] {magoo} dcc vad
[13:04] {Threei}  that would be third test cujo
[13:04] {Threei}  so yeah, worth a try
[13:04] {cujo} ok
[13:05] {Threei}  VNDA
[13:05] {Threei}  UPDATE: HOLDER KEVIN TANG URGES BOARD TO LIQUIDATE REMAINING ASSETS AND RETURN REMAINING CAPITAL TO STOCKHOLDERS - FILING
[13:06] {Threei}  Board: no way
[13:07] {Threei}  TICKING LOWER AFTER CNBC'S GASPARINO REPORTS CERTAIN PARTNERS HAVE BORROWED MONEY TO COVER MARGIN CALLS
[13:07] {Threei}  - his sources say this is affecting a few partners, is not widespread at the moment
[13:07] {Threei}  GS
[13:07] {Threei}  3 min ago
[13:07] {Threei}  let me get this straight
[13:07] {Threei}  those supposedly brightest traders
[13:07] {Threei}  mighty, market-moving, well-informed
[13:08] {Threei}  having access to everything and everyone, well-connected
[13:08] {Threei}  trade so well that they are hit by margin calls?
[13:10] {Threei}  I'll teach them for GS, 5 mil per head
[13:10] {Threei}  I thought of 1 mil, but... having all that and still losing money, they must be real hard to teach
[13:11] {cujo} Little thick headed over there at GS....
[13:15] {Threei}  market is doing precisely nothing
[13:17] {cujo} Like Bernanke's beard.
[13:17] {larisa} lol
[13:17] {cujo} Vad, you still have a beard?
[13:17] {Threei}  yes sir
[13:17] {Threei}  photo on a website is very recenbt
[13:18] {cujo} nice, i think i'm going to grow a lucky handlebar mustache.  
[13:21] {nemo} I've got a beard too Larisa :))))
[13:22] {dptl} shorted hig .98
[13:22] {cujo} in .97
[13:23] {dino} clean here larisa
[13:25] {nemo} I have to have a beard...my skin is too sensitive to shave
[13:25] {larisa} clean here too dino :)
[13:25] {patience} no beard here larisa
[13:25] {larisa} LOL
[13:26] {dino} amed
[13:27] {dino} nice
[13:27] {larisa} room is out of control, we need 'ally. 
[13:28] {nemo} bored...maybe...outta' control....hehehehehe....always :)
06[13:29] * cujo pushes HIG down with a speech from bernanke
[13:29] {dino} feels like big move coming soon
[13:30] {larisa} up or up ?
[13:30] {nemo} could you be specific as to direction?
[13:30] {nemo} There's upward pressure in FAS
[13:30] {dino} gut feels up
[13:31] {nemo} TNA is pointing up also
[13:31] {nemo} one of the cats has decided to hop up and help
[13:33] {dino} ahhh
[13:33] {dino} just added 2 kittens to household. it seems i can't say no to my daughhter
[13:34] {nemo} uiiiiiiiiiiiiiiiiiiiiikmjjjjjjjjj,,
[13:34] {nemo} oy...sorry the cat
[13:34] {nemo} Well, he didn't buy anything
[13:34] {Threei}  FED'S BERNANKE: THERE ARE TWO PARTS TO RECOVERY, FISCAL AND MONETARY STIMULUS, AND FURTHER STABILIZATION OF BANKING SYSTEM; BOTH ARE ESSENTIAL, CANNOT SKIP ONE OR OTHER - Q&A
[13:35] {dptl} Vad can you kick that hig for us 
[13:36] {Threei}  PREVIEW: MINUTES OF THE JAN 28TH FOMC MEETING AND QUARTERLY ECONOMIC FORECASTS FOR 2009-2011 TO BE RELEASED AT 2PMET
[13:36] {nemo} Hig is pointing north
[13:36] {Threei}  there is nothing indicative either way right now, dp...
[13:36] {Threei}  GS is upticking
[13:36] {Threei}  helping financials
[13:36] {nemo} I just cut the head off the chicken, the blood spatter still says up
[13:37] {dino} as good as it gets nemo
[13:38] {nemo} Biting the head off is better
[13:39] {nemo} damn chicken
[13:40] {Threei}  sharp down out of nowhere
[13:41] {dptl} good
[13:42] {nemo} Bernanke says TALF will start up any day now
[13:42] {Threei}  uhhu
[13:42] {Threei}  market says YEP and drops
[13:43] {Threei}  - Says TALF will help lower credit card rates
[13:44] {Threei}  this is actrually funny:
[13:44] {Threei}  GDP HEARING VAGUE TAKEOVER CHATTER CIRCULATING
[13:44] {Threei}  by China?
[13:45] {dino} amed sm l .50
[13:45] {nemo} cat likes watching Level II
[13:45] {Threei}  sigh... my sense of humor remains grossly misunderstood
[13:46] {nemo} Not understood is more like it...
[13:46] {dino} i got it
[13:46] {Threei}  GDP...
[13:46] {Threei}  as in Gross Domestic Product...
[13:46] {nemo} Gross Domestic Product?
[13:46] {nemo} got that
[13:46] {Threei}  whew
[13:46] {nemo} What, China is us?
[13:49] {dino} lphi blood
[13:49] {Threei}  want to short RIMM
[13:49] {Threei}  and not sure whether we get snapback any minute now
[13:50] {Threei}  ugh...
[13:50] {Threei}  gotta trust my instincts
[13:51] {magoo} back
[13:51] {magoo} in anything
[13:52] {Threei}  no
[13:52] {nemo} I thought you shorte RIMM?
[13:52] {magoo} make a killing without me
[13:52] {Threei}  nemo... reread my post :)
[13:53] {Threei}  does it indicate that I did or that I wanted, skipped and regretted skipping? :)
[13:53] {nemo} Now that I look at rimm...regret:(
[13:55] {Threei}  GG
[13:55] {Threei}  tough stock
[13:56] {Threei}  looks like breaking out at 32.40
[13:56] {Threei}  half lot with stop under .25
[13:56] {Threei}  can be disgustingly volatile
[13:56] {Threei}  consider it discretionary trade
[13:59] {magoo} in
[13:59] {cujo} in
[14:00] {Threei}  MINUTES OF THE JAN 28 FOMC MEETING: SAW RISKS OF PROTRACTED TOO LOW INFLATION, SET 2% AS LONG TERM US INFLATION GOAL
[14:00] {Threei}  -
[14:02] {dino} that seems low 2%
[14:02] {Threei}  - Increase in spending could be short lived in consumer spending due to stimulus, no signs housing stabilizing
[14:02] {Threei}  **economic forecast:
[14:02] {Threei}  - 2009 GDP growth forecast revised to-1.3% to -0.5%# from -0.2% to 1.1% range prior.
[14:02] {Threei}  - 2009 jobless rate forecast revised to 8.5-8.8% from 7.1-7.6% range prior.
[14:02] {Threei}  - 2010 GDP growth forecast revised to +2.5-3.3% from 2.3-3.2% prior forecast.
[14:02] {Threei}  - 2010 jobless rate forecast revised to 8-8.3 from 6.5-7.3% prior forecast.
[14:02] {Threei}  - Introduces 2011 GDP forecast of +3.8-5%,
[14:02] {nemo} that's the goal dino
[14:03] {Threei}  stop to .29 GG
[14:03] {dino} realistically we are not even at 2% right now
[14:03] {Threei}  nope, we are in deflation
[14:04] {Threei}  stop to .34 GG
[14:04] {Threei}  1:1, half out, stop to .39
[14:05] {Threei}  FED'S EVANS: FULL IMPACT OF STIMULUS PACKAGE ON GDP IS 'UNCLEAR' - Q&A
[14:05] {Threei}  - Stimulus is a critical bridge over the wide gap in demand.
[14:05] {Threei}  - Very important to keep the US auto industry viable.
[14:05] {Threei}  - Disinflation is definately at work in the US economy.
[14:05] {Threei}  - says will expand loan facilities "as appropriate."
[14:07] {Threei}  oh btw, no more Saturn either
[14:07] {Threei}  nor am I not crying about that one
[14:08] {nemo} I know Pluto isn't considered a planet anymore, but Saturn?
[14:08] {Threei}  well, Pluto demotion hit me hard
[14:08] {Threei}  the reason for it was, it was small, not too bright and gassy
[14:08] {Threei}  I don't feel safe
[14:09] {nemo} Oh, I thought you were talking about me
[14:09] {Threei}  I am not that rude...
[14:09] {Threei}  wait
[14:09] {Threei}  I am
[14:09] {Threei}  sorry for misrepresenting myself
[14:10] {dino} uranus
[14:10] {dino} now thats a name
[14:11] {nemo} what does the starship Enterprise and toilet paper have in common?
[14:11] {dino} dk
[14:11] {Threei}  good boy GG, let's go to 1:2
[14:11] {nemo} they both circle uranus looking for klingons
06[14:11] * magoo slaps nemo around a bit with a large trout
[14:12] {Threei}  by the way... all who struggles with mirc... magoo did it
[14:12] {Threei}  and if magoo did it...
[14:12] {Threei}  out GG balance
[14:13] {nemo} did he have federal assistance
[14:13] {Threei}  who doesn't these days
[14:13] {jmb} thanks Vad GG
[14:13] {nemo} me
[14:13] {cujo} ditto
[14:13] {Threei}  jmb :)
[14:13] {cujo} out 1:1
[14:13] {ese} have a great rest of the day all...gota go
[14:13] {Threei}  take care ese :)
[14:13] {ese} see ya vad
[14:13] {nemo} ese :0
[14:14] {Threei}  everyone does, nemo... it's just that some with +, some with -
[14:14] {Threei}  if they can say negative growth
[14:14] {nemo} I'm -
[14:14] {Threei}  why can't they call tax a negative assistance?
[14:15] {magoo}  by the way... all who struggles with mirc... magoo did it
[14:15] {magoo} {&Threei}  and if magoo did it...
[14:15] {magoo} only because of KS
[14:15] {hawkfan4} test
[14:16] {Threei}  A+
[14:16] {nemo} Meredith Whitney is starting her own company
[14:17] {hawkfan4} lol, testing remote connection from my iphone
04[14:18] -} [hawkfan4] PING
[14:18] {Threei}  [14:18] [hawkfan4 PING reply]: 0secs
[14:18] {Threei}  not bad
[14:18] {hawkfan4} and im in the car
[14:20] {Threei}  driving?
06[14:20] * Threei slaps hawkfan4 around a bit with a large safety manual
[14:23] {hawkfan4} back at the desk
[14:30] {Threei}  SAAB and Hummer are out too
[14:31] {Threei}  don't care about Saab
[14:31] {nemo} Ahhnold's bummin'
[14:31] {magoo} what u mean"out" officially closed down and gone
[14:31] {Threei}  EIA NOTES US SAUDI ARABIAN CRUDE IMPORTS -18.2% Y/Y
[14:31] {Threei}  yeas
[14:32] {magoo} so no more hummers bein g maded?
[14:32] {Threei}  GM and Chrysler are shutting down some models and brands
[14:32] {nemo} GM should have done that 20 years ago.
[14:32] {Threei}  Chrysler - PT Cruiser, Dodge Durango and Aspen
[14:32] {cosmo} they did.... the wrong ones
[14:33] {dino} ugh, my durango
[14:33] {Threei}  they said something about Pontiak but I didn't catch it
[14:33] {cosmo} where's my Fiero?
[14:34] {Threei}  sorry cos... in the same tar pit as Hugo
[14:34] {cosmo} figures
[14:34] {Threei}  EIA NOTES US SAUDI ARABIAN CRUDE IMPORTS -18.2% Y/Y, HITTING LOWEST LEVELS SINCE OCTOBER 2007
[14:35] {Threei}  I don't get it
[14:35] {nemo} Hugo?
[14:35] {Threei}  was saudi arabia very poor before 2007?
[14:35] {Threei}  or during oil at 10?
[14:36] {Threei}  how come oil at 30-40 now is considered too low and detrimental to development?
[14:36] {nemo} Oil isn't high enough to warrant new development projects
[14:36] {dino} because of time factor
[14:37] {cosmo} time for free energy
[14:37] {dino} sure
[14:38] {cosmo} plants do it...
[14:38] {Threei}  cost of extraction of one barrel in the gulf is $1-3
[14:38] {Threei}  10 is not good enough margin?
[14:38] {Threei}  30-40 is not good enough either?
[14:39] {nemo} For them, yes, for other OPEC prducers, no...or at least according to their claims
[14:40] {Threei}  RIMM down ad down
[14:40] {larisa} even haircut costs 40$ these days, what you are talking about threei :)
[14:40] {Threei}  say what?
[14:42] {larisa} 70$ and everybody is happy. Setting the price here to end oil wars. 
[14:42] {Threei}  I am not happy
[14:42] {dino} larisa, if you're here, i'm happy
[14:42] {larisa} ty :)
[14:42] {Threei}  gas is going up even as oil drops
[14:43] {Threei}  if it goes up to 70, bastards will double it
[14:43] {cosmo} i would never spend $70 for a hair cut
[14:43] {dino} then i guess john edwards barber is out for you
[14:43] {Threei}  oil 20 and haircut 8... that's my price range
[14:43] {dino} $600
[14:44] {dino} guns and roses on....guess which one
[14:44] {Threei}  keep $5 latte too
[14:44] {dino} never had one. 
[14:44] {cosmo} 5 seems high
[14:45] {dino} i'm a simple guy, i like my coffee like my women.....hot and bitter
[14:46] {Threei}  LOL{ this one is really good
[14:46] {Threei}  JPM CEO: CONCERNED MAY LOSE TALENT DUE TO OBAMA COMPENSATION RULES
[14:46] {Threei}  lose to whom?
[14:46] {nemo} did I miss anything had to reboot because of cat
[14:46] {magoo} yup nemo..this..
06[14:46] * magoo slaps nemo around a bit with a large trout
[14:47] {Threei}  who needs those talents that get margin calls, run their banks in the ground
[14:47] {nemo} thanks mags
[14:47] {Threei}  and where do they go these days?
[14:47] {cosmo} carls jr.
[14:47] {cujo} buy side maybe?  hedge funds 
[14:48] {dino} to reality trader i heard
[14:48] {Threei}  if one can read the market well enough to operate successful hedge fund...
[14:48] {Threei}  watching STT
[14:49] {Threei}  conasolidates close to .50
[14:49] {Threei}  if stays above .35 and breaks with market help, will be worth a scalp
[14:57] {Threei}  over 1:1
[14:57] {Threei}  take scalp, IMO
[14:57] {jmb} thanks Vad Stt
[14:57] {Threei}  welcome :)
[14:57] {magoo} vicious spike here
[14:58] {Threei}  and no one knows why I take it
[14:58] {Onix} Thanks Vad, got some in STT
[14:59] {Threei}  :)
[14:59] {nemo} take what Vad?
[14:59] {Threei}  I take it, no one know why market spiked visiously
[14:59] {Threei}  viciously
[14:59] {nemo} viscously
[14:59] {Threei}  whatever
[14:59] {nemo} no, you were right
[14:59] {Onix} no idea
[15:00] {larisa} whiskasly
[15:00] {Threei}  isn't that cat's treat?
[15:00] {larisa} cat food
[15:01] {nemo} she's phonetically spelling in her accent?
[15:02] {magoo} is this news driven??
[15:03] {Threei}  no news that I see
[15:03] {Threei}  this is one of those things that keep me so careful these days
[15:04] {nemo} Don't think so...just one of those spiles out of the blue, although...I should hav noticed, volume picked up drastically @ 14:49 on FAS
[15:05] {Threei}  14:49?
[15:05] {Threei}  you sure?
[15:05] {nemo} then, volume dropped off drasitcally after the big leg up..yes
[15:05] {Threei}  there is practically no volume on that bar on my chart
[15:05] {nemo} I've got nothing @ 14:48 and then 1.4 million for 14:49 on IB
[15:06] {Threei}  big leg up was 14:57 - 58
[15:06] {Threei}  sheesh STT
[15:06] {nemo} yes...volume started picking up @ 14:49
[15:06] {dino} what the heck, drop
[15:07] {Threei}  false positive... lookm at volume spike at 14:40,
[15:07] {Threei}  nothing happend after that
[15:07] {nemo} STT wasn't as drastic, but starting @14:50 volume hit 50k for th next five minutes and then the price bolted
[15:08] {nemo} on FAS? 
[15:08] {Threei}  you are looking at/for non-existing patterns
[15:08] {Threei}  STT went up because market spiked
[15:09] {Threei}  its own volume before the spike had nothing to do with it
[15:09] {Threei}  and had no predictive value
[15:10] {nemo} I was looking first @ FAS.  Had a volume spike @ 14:49 and then more than 2x that @ 14:50.  Price didn't begin to break range until14:46
[15:10] {nemo} 14:56
[15:11] {nemo} looks like STT moved @ 14:57
[15:11] {Threei}  do you see volume spike at 14:40 on FAS?
[15:11] {nemo} small one
[15:11] {nemo} much bigger @ 14:49
[15:11] {dino} getting whippy
[15:12] {nemo} that  1st volume was in a downtrend, yes?
[15:13] {Threei}  yes
[15:13] {Threei}  after sharp drop
[15:13] {Threei}  not before
[15:13] {nemo} between 14:49 an 14:56 the volume was absorbed in a 5-6 cent range
[15:13] {nemo} then bang
[15:13] {Threei}  okay
[15:14] {nemo} cool...at least I can read the chart...interpret...well...that's a different story.
[15:14] {Threei}  let me say last time
[15:14] {Threei}  tyoyu are looking at non-existing pattern and making conclusions from false positives
[15:15] {Threei}  none of what you see had anything to do with that spike
[15:16] {nemo} o.k., so STT had a good probability pattern, but FAS did not?
[15:16] {Threei}  market took both of them up but STT had better odds
[15:16] {nemo} o.k.
[15:17] {Threei}  it formed clean consolidation under .50 resistance
[15:17] {Threei}  there was a setup to go off
[15:17] {Threei}  for FAS, it was simply market following
[15:17] {nemo} You had support for STT also, whereas not for FAS?
[15:18] {Threei}  5.60 was support
[15:18] {Threei}  no chart formation for clean play though
[15:18] {nemo} understand
[15:18] {nemo} or as the Japanese like to say, "Hai"
[15:19] {Threei}  STT's own foration was nothing but scalp btw
[15:19] {Threei}  formation
[15:19] {Threei}  market's tide turned it into more
[15:19] {nemo} which formation was STT?
[15:19] {Threei}  mini-JBE
[15:19] {nemo} hai
[15:25] {Threei}  these sudden spikes in both directions are killers
[15:26] {Threei}  get caught on a wrong side, you are roadkill
[15:26] {Onix} for sure
[15:27] {nemo} Saw a great book once:  So an So's guide to "Flattened Fauna"  How to identify a carcass after it had been run over by an 18 wheeler.
[15:28] {Threei}  I don't klnow how I lived without this skill
[15:28] {nemo} there was a corresponding cook book published by "The Roadkill cafe"
[15:30] {larisa} triple digit down closure (any bets?)
[15:30] {Threei}  hmmm?
[15:30] {nemo} take it vad
[15:30] {Threei}  I am game
[15:30] {Threei}  no way
[15:31] {nemo} why not?
[15:31] {larisa} you only can say triple up
[15:31] {Threei}  no
[15:31] {Threei}  my bet is no way we rich triple down
[15:31] {nemo} Larisa, you betting down?
[15:31] {Threei}  reach
[15:31] {larisa} yup
[15:31] {nemo} that's how you say it with a spanish accent
[15:31] {magoo} up here
[15:32] {larisa} :)
[15:32] {Threei}  SENATE MAJORITY LEADER REID: AIMING TO ALLOW PRES OBAMA 'ROOM' WITH WHICH TO EVALUATE AUTOMAKER ASSISTANCE
[15:32] {Threei}  {GM F}
[15:33] {dino} great, he'll just keep feeding them money
[15:33] {dino} ford getting screwed royally on this
[15:33] {magoo} funny how everyone gives osama the benefit of doubt
[15:33] {Threei}  ford refused assistance
[15:33] {magoo} likes hes such expert 
[15:34] {dino} yes
[15:34] {nemo} osama?
[15:35] {dino} gm takes $ offer 0%, f doesn't take $. how is this fair. gm should be bankrupt, f picks up slack, survival of fittest
[15:39] {dptl} have a good evening all
[15:39] {Threei}  take care dp
[15:39] {magoo} u2
[15:41] {dino} out itri .40, +.40
[15:41] {larisa} gj
[15:42] {magoo} STT bouncer vad
[15:42] {Threei}  not sure
[15:42] {Threei}  can't break this resistatnce for quite a while
[15:44] {magoo} ill ask nemo instead he he
[15:46] {larisa} 15 min left and market looks like Flattened fauna :)
[15:47] {Threei}  and green
[15:47] {Threei}  not red
[15:47] {magoo} up
[15:47] {Threei}  not triple digits red
[15:47] {magoo} 50 at close
[15:47] {dino} yesterday we dropped about 80 points into close
[15:47] {larisa} right dino
[15:48] {nemo} volume patterns are sporadic
[15:48] {dino} and price
[15:49] {larisa} vad, even if we close -1.13, I win (3 digits red..)
[15:49] {Threei}  sigh
[15:51] {Threei}  small spike into close is my final feel
[15:51] {nemo} gonna' bet him Larisa?
[15:52] {larisa} that we will get big spike ? :) no :)
[15:53] {nemo} Oh jeez...just changed time frame settings on the IB charts, adn the volumes all changed...ohoh
[15:53] {larisa} PLD is strong into the close
[15:53] {nemo} adn=and
[15:54] {Threei}  what was the stake?
[15:55] {nemo} never discussed
[15:55] {Threei}  what it is I am going to win in 6 minutes?
[15:55] {larisa} nothing.. {NO WAY} is not betting.
[15:55] {magoo} a beer with magoo vad
[15:55] {larisa} lol
[15:57] {Threei}  next time I'll ask before making my opinion known...
[15:57] {Threei}  such perfect read, so perfectly wasted
[15:58] {nemo} I know how you feel..............NOT
[15:59] {larisa} RIMM is losing it
[15:59] {dino} out fdo .44, +.04\
[16:00] {Threei}  okay guys
[16:00] {Threei}  fairly nice day
[16:00] {dino} rimm wants 40ish strike imo. tomorrow 40.60 thinking buy area
[16:00] {nemo} P&Q
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening
[16:01] {Threei}  see you tomorrow
[16:01] {larisa} will watch it too dino, see you guys :)
[16:01] {buyemsellem} thank you, see you tomorrow

Tuesday, February 17, 2009

Feb 17 2009

CAT and HIG shorts yielded nice sizeable profits in early trading. A few nice scalps with just one small stop helped make the day as close to perfect as it gets in this miserable market.

Session Time: Tue Feb 17 00:00:00 2009

[07:40] {nemo} Wie geht's heute Herrn K?
[07:40] {nemo} Hi LaserD
[08:15] {nemo} Anbody here?
[08:16] {Threei}  no
[08:16] {Threei}  but, good morning
[08:16] {nemo} Didn't think so
[08:16] {larisa} good morning :)
[08:16] {Threei}  "ggod" is questionable too, eh?
[08:16] {Threei}  larisa :)
[08:17] {larisa} threei :)
[08:22] {cujo} good morning
[08:22] {nemo} dog :)
[08:32] {Threei}  *FEB EMPIRE MANUFACTURING: -34.65 V -23.75E
[08:32] {Threei}  cujo :)
[08:32] {cujo} morning Vad
[08:32] {nemo} ouch!
[08:37] {nemo} We should be able to pick up FAS for $2 and change some time this week :)
[08:37] {Threei}  cool
[08:39] {patience} good morning rt  :)     gold jumping nicely this morning
[08:40] {Threei}  patience :)
[08:41] {magoo} morning
[08:41] {Threei}  magoo :)
[08:41] {nemo} magus :)
[08:44] {magoo} end of world vad?
[08:44] {Onix} gm all
[08:45] {cosmo} that's on friday, magoo
[08:45] {cosmo} MELA
[08:47] {Threei}  onix, cosmo :)
[08:47] {Threei}  sure mags
[08:49] {_livia} good morning
[08:49] {Threei}  livia :)
[08:49] {pita} gm everyone!
[08:50] {Threei}  pita :)
[08:55] {tomg} good morning everyone 
[08:55] {Threei}  tom :)
[09:01] {fernp} Hi everybody
[09:01] {Threei}  fern :)
[09:06] {dino} gm all
[09:07] {Threei}  dino :)
[09:07] {nemo} dino :)
[09:07] {dino} ;)
[09:07] {magoo} vad..news RIMM AAPL GS?
[09:07] {Threei}  ??
[09:07] {Threei}  why would any of them need news?
[09:08] {nemo} any thoughts, percolating, distilling, brewing, photosynthesizing  there Vad?
[09:08] {Threei}  thoughts?
[09:08] {Threei}  kidding?
[09:08] {nemo} well, I thought using the terms distilling and brewing might motivate you
[09:09] {cosmo} its the thought that coubts....
[09:09] {cosmo} counts
[09:09] {Threei}  coubts is right
[09:09] {cosmo} hmm  ...yea
[09:10] {Threei}  FAS under 7
[09:10] {Threei}  world ends dino
[09:12] {dino} indeed (again)
[09:12] {dino} as they say...it's a good day to die, and the day's not over yet
[09:14] {dptl} good morning all
[09:15] {Threei}  dp :)
[09:20] {Threei}  okay guys
[09:20] {Threei}  this week is promising to be very nervous
[09:20] {Threei}  with a lot of news coming from high above
[09:20] {Threei}  and market digesting them
[09:20] {dino} plus expirationb
[09:20] {Threei}  we have stimulus bill, financial help, automakers,
[09:21] {Threei}  housing help coming
[09:21] {Threei}  a lot of details will matter
[09:21] {Threei}  so far market doesn't like any of it
[09:21] {Threei}  but it's going to bery news-sensitive
[09:21] {Threei}  What we need to do in this situaation is get back to our Sept-Oct trading
[09:22] {Threei}  very careful picky, defensive
[09:22] {cosmo} watch CAT for indications?
[09:22] {Threei}  not overtrading
[09:22] {Threei}  staying picky and nimble
[09:22] {Threei}  don't jump on selloffs too soon,
[09:23] {Threei}  weak bounces are likely to be sold into
[09:23] {Threei}  better miss something that jump on mediocre trades
[09:24] {dino} cat may be down off of de downgrade, can't get financing lined up for buyers cosmo
[09:24] {Threei}  CAT is near major support at 30,
[09:24] {cosmo} CAT for sale?
[09:24] {Threei}  and looks like breakdown is likely
[09:25] {Threei}  let's see if it consolidates close enough to 30 for a nice tight stop, and short break
[09:26] {cosmo} if the 'buy american' sentiment picks up ....
[09:29] {Threei}  if gold strength contines, GG will be interesting
[09:29] {Threei}  tough one to time but will see
[09:30] {Threei}  CAT is a bit too volatile for now
[09:31] {pita} FAS below 7 still good call?
[09:31] {pita} sinking fast
[09:31] {Threei}  for what, long?
[09:31] {Threei}  no
[09:31] {Threei}  let it sink
[09:32] {Threei}  CAT stablized a bit
[09:32] {Threei}  let's see if it stays under .20 - .25
[09:33] {Threei}  half lot short on 30 breakdown
[09:34] {Threei}  see that big bid by ARCA at .09?
[09:34] {Threei}  possible aggressive entry if it gets hit
[09:35] {Threei}  with stop above .25
[09:37] {Threei}  needs to lose 30 now
[09:38] {Threei}  if does, there is a lot of downside
[09:41] {Threei} Short Setup: HIG  .25 if holding below .40
[09:41] {nemo} half lot?
[09:42] {Threei}  with 15-20 cents stop...
[09:42] {dino} 7500 strike in works for dji
[09:43] {magoo} agree dino
[09:43] {magoo} in hig
[09:43] {Threei}  HIG 1:1, half out, scalpers take profit
[09:44] {magoo} out GihTY
[09:44] {magoo} 'hIG
[09:44] {magoo} sigh
[09:44] {magoo} HIG
[09:45] {Threei}  stop to above .30 for the balance
[09:45] {nemo} Battle Royale at CAT
[09:46] {Threei}  let's see how many lives CAT has
[09:46] {Threei}  bad pun...
[09:46] {nemo} don't quit your day job
[09:47] {Threei}  Seinfield can sleep well
[09:47] {magoo} dow-226
[09:47] {Threei}  HIG 1:2, 1/4 more out
[09:48] {Threei}  stop to .15
[09:48] {Threei}  come on CAT, break down that wall
[09:48] {Threei}  Attention:  CAT  cover half
[09:48] {Threei}  stop to .15
[09:50] {fernp} out. ty vad
[09:50] {Threei}  fern :)
[09:50] {Threei}  scalpers make up your mind here,
[09:50] {Threei}  the rest - look for serious dump,
[09:50] {Threei}  quite possibly under 29.50,
[09:51] {magoo} waiting .58 here'
[09:51] {Threei}  closer to 29 is not out of question
[09:51] {dino} 7500s
[09:51] {larisa} out CAT, beautiful call
[09:52] {magoo} out .70 TY 
[09:52] {Threei}  welcome guys
[09:52] {cujo} great calls Vad
[09:52] {Threei}  yeah, I have my moments
[09:52] {nemo} Your moments are hours
[09:52] {cujo} HIG +.30
[09:52] {magoo} - 275
[09:52] {nemo} How's the arm?
[09:52] {Threei}  only when senility hits and I forget to look at time
[09:52] {magoo} im speaker of obvious today ok?
[09:53] {cujo} CAT +.25
[09:53] {Threei}  sorry mags, that's my prerogative
[09:53] {nemo} Geez...Mags even picked up some of your syntax
[09:53] {magoo} thought id give u a break
[09:53] {Threei}  I am touched
[09:54] {cosmo} CAT 29.60 = recent daily low 
[09:54] {Threei}  my stop is trailed to above 30 on CAT
[09:54] {dino} gj
[09:55] {Threei}  still looking for major reward on it, so trying to give it breathing room
[09:55] {magoo} if bounces ii may reenter
[09:55] {Threei}  29.60 is its low from 02/02
[09:56] {Threei}  HIG stop to above 11 for the balance
[09:58] {Threei}  .50 target is hit on CAT, and bounces are still pitiful
[09:59] {Threei}  I guess I'll trail to above .90
[09:59] {Threei}  and if loses .50 - to above .80
[10:01] {Threei}  (US) WHITE HOUSE: STATES THAT OBAMA TO RELEASE BUDGET ON FEB 26
[10:02] {Threei}  F
[10:02] {Threei}  GETS $55M IN REFUNDABLE TAX CREDITS FROM THE STATE OF MICHIGAN FOR FUTURE ELECTRIC VEHICLES
[10:02] {Threei}  good boy CAT
[10:02] {Threei}  girl?
[10:03] {Threei}  covered 1/4 more CAT +.50
[10:03] {Threei}  stop to above .80
[10:03] {Threei}  letting it trade
[10:03] {ese} morning...slept in.....
[10:04] {cosmo} CAT looks so....'shovel ready'
[10:04] {Threei}  ese :)
[10:04] {Threei}  lol cosmo
[10:06] {magoo} 2 beauties vad
[10:06] {Threei}  stop to above .50, and getting ready to cover on the next dive
[10:06] {ese} bstop CTSH .01 1/2
[10:07] {ese} long
[10:09] {cujo} Great trade Vad...  
[10:09] {Threei}  stop to above .40
[10:09] {ese} stop .85
[10:09] {Threei}  I have 90 cents here... am I getting too greedy?
[10:10] {cujo} nah
[10:17] {Threei}  HIG new low
[10:18] {Threei}  held 11 resistance like charm
[10:18] {ese} stopped .85 -.16   got no market help
[10:20] {dino}  bac gap 4.90 filled
[10:22] {Threei}  HIG stop to .85
[10:23] {Threei}  CAT is not very clear here
[10:23] {Threei}  haven;'t given me a reason to trail top tighter than .40
[10:23] {Threei}  and doesn't make new lows
[10:24] {Threei}  ok
[10:24] {Threei}  out
[10:24] {Threei}  .41
[10:24] {Threei}  +.67 or something like that
[10:27] {Threei}  HIG new low
[10:27] {Threei}  stop to above .65
[10:29] {magoo} CAT may be a nice bouncer vad?
[10:29] {ese} ouuuu got in MDRX .19 1/2
[10:29] {Threei}  still looks pathetic mags
[10:30] {Threei}  OK, time to stop being too greedy I guess
[10:30] {Threei}  out HIG last portion
[10:30] {Threei}  +.70 or so
[10:31] {magoo} nice
[10:31] {magoo} id help u calculate but still working on my exit 
[10:32] {ese} out MDRX  .33 +.14
[10:32] {ese} quick hit
[10:32] {Threei}  nothing's wrong with that
[10:34] {ese} nope not at all
[10:34] {Threei}  I don't have clear feel for the market here, waiting for something to shape up
[10:35] {ese} mdrx did what i expected ctsh to do
[10:36] {ese} was watching RSI on ctsh thought it was strong enough 
[10:36] {ese} is that because MDRX was trading a little thinner vad?
[10:37] {ese} certainly more risk with MDRX
[10:41] {Threei}  hard to tell ese
[10:41] {Threei}  not evverything has a clear reason
[10:42] {Threei}  it's just one worked another didn't
[10:44] {Threei}  CBAK
[10:44] {Threei}  REAFFIRMS FY09 R$275-300M V $270ME
[10:44] {ese} hmmm.....
[10:45] {Threei}  market took a very long breath
[10:45] {Threei}  looks a bit more stable now,
[10:45] {Threei}  want to see if it's a fake or trend changes
[10:46] {nemo}  {@Alert} Threei  want to see if it's a fake or trend #discussionsges
[10:47] {dino} rimm sm l .10
[10:48] {Threei}  HIG is knocking on .70
[10:49] {Threei}  don't chase it,
[10:49] {Threei}  rather look for pullback in mid .60
[10:49] {Threei}  and try to get it with tight stop under .60
[10:49] {Threei}  just a scalp idea
[10:55] {Threei}  took .66, not looking for much though
[10:56] {Threei}  out .76
[10:57] {cujo} out .74
[10:57] {cujo} thankw
[10:57] {cujo} thanks
[10:57] {Threei}  welcome
[10:57] {Threei}  uhhu... now it goes :)
[10:57] {cujo} murphy's law...
[10:57] {Threei}  whatever, it's hunt and peck
[10:58] {Threei}  with two sizeable trades eaerlier, I am in capital preservation mode
[10:58] {nemo} The trading gods were very good the first hour
[10:58] {Threei}  taking surest profits,
[10:58] {Threei}  waiting for something more clear,
[10:58] {Threei}  ignoring iffy trades
[10:59] {Threei}  that's what got us through the fall with nice profits, and market is pretty much the same as we had back then
[11:01] {Threei}  DRYS gives new meaning to the word UGLY
[11:06] {dino} gild sm l .90
[11:06] {cujo} any thoughts on RIMM here Vad?
[11:06] {Threei}  chart is upward looking
[11:06] {Threei}  help by market is a big IF
[11:07] {cujo} thanks.
[11:07] {Threei}  if we get better market action, .35 is RIMM long trigger
[11:08] {Threei}  wulff... mix of good/bad news for you
[11:08] {wulff} and
[11:08] {Threei}  you finally woke up, which is good...
[11:09] {Threei}  missed three nice trades, which is bad
[11:09] {wulff} figured
[11:09] {wulff} unavoidable work obligation
[11:09] {Threei}  present them with bill for missed profits?
[11:10] {cujo} hate it when work gets in the way of trading :)
[11:10] {wulff} full on rimm if triggers?
[11:11] {Threei}  I am not jazzed about this trade
[11:12] {Threei}  just answered question... doubt I'd make a call
[11:12] {dino} change the station then 3i
[11:12] {Threei}  if it consolidates tighter, let's say above .20, and market shows real strength, maybe then
[11:12] {dino} it wants 46ish
[11:19] {cujo} out RIMM +.10
[11:20] {Threei}  why not
[11:20] {Threei}  RIMM actually looks not too bad
[11:20] {cujo} yeah got in at .34 out .44
[11:20] {Threei}  just don't want to get stuck in anything during this nausious market
[11:20] {dino} gj, 
[11:21] {cujo} thanks dino
[11:22] {wulff} in POT .90
[11:24] {dino} still in
[11:26] {wulff} stopped
[11:28] {KSystems} elepet?
[11:28] {KSystems} dcc please :)
[11:29] {Threei}  impressive resilience RIMM
[11:31] {dino} lol, -6% too
[11:31] {Threei}  I mean how it's holding while market downticks
[11:31] {dino} i know, just irinic
[11:31] {dino} ironic
[11:31] {dino} a year in a day, again
[11:32] {Threei}  yeah, perception divergence between day traders and those who see final numbers at the end of the day :)
[11:32] {wulff} palm too
[11:32] {Threei}  saw it many times...
[11:32] {Threei}  market opens -500, moves up to -100,
[11:32] {Threei}  day trader says, strong bullish day
[11:32] {Threei}  the rest of pupulation says red again
[11:33] {Threei}  NASDAQ now is lower than where it was when RIMM tested .30 - .35 areas,
[11:33] {Threei}  and RIMM is holding above it
[11:34] {cujo} CAT pretty close to day low.  Any short set up?
[11:34] {Threei}  chart wise, yes
[11:35] {Threei}  I am just a bit hesitatnt to go to the same well too many times
[11:35] {cujo} yeah, shorting very small lot
[11:38] {magoo} u  would ,make a good buck vad..cautious...not patternable
[11:38] {magoo} spooked easy
[11:38] {Threei}  lol
[11:38] {magoo} quick to bolt lol
[11:42] {Threei}  I gave it some thoughts magoo
[11:42] {Threei}  (which in and of itself is not a small feat for me)
[11:42] {Threei}  and decided, it's not me... it's market that is a good fit to your description,
[11:43] {Threei}  and I am simply emulating the market
[11:43] {Threei}  being the water so to speak
[11:43] {nemo} mizo no kokuro
[11:44] {Threei}  great... another language to learn?
[11:44] {nemo} mind like the surface of calm water
[11:44] {Threei}  I could count till 10 in Japanese when practiced karate
[11:44] {Threei}  that's all the xntent of my language
[11:45] {nemo} hai
[11:45] {Threei}  oh, and I know word satori
[11:45] {nemo} the Sake?
[11:46] {Threei}  lol
[11:46] {dino} mela
[11:47] {pita} day job calling....  catch you all later I hope.
[11:47] {Threei}  take care pita
[11:47] {larisa} 10 serifu ? amari.
[11:47] {Threei}  there... and I though larisa knew subaru only
[11:48] {Threei}  PALM...
[11:48] {Threei}  I like this big pullback on daily
[11:48] {Threei}  I just hate the idea of going long in this market
[11:49] {Threei}  not hating it altogether, just for any extended period of time... and PALM is not a fast trader
[11:50] {Threei}  stay patient guys
[11:50] {Threei}  I know it's not easy
[11:51] {nemo} I gotta' go check on the horses anyway
[11:51] {Threei}  but that's the major skill to deploy in this kind of market
[11:51] {Threei}  ambush trading
[11:51] {Threei}  sit in the trenches and wait for the weak anthelope to walk by
[11:52] {Threei}  SEC IS SEEKING A TEMPORARY RESTRAINING ORDER AGAINST STANFORD FINANCIAL GROUP FOR ALLEGED FRAUD, MISREPRESENTING SAFETY OF UNISURED CDS
[11:52] {Threei}  - SEC says it can not account for $8B in assets in Stanford's Antiqua bank - NYT
[11:52] {Threei}  - Note that Stanford Financial Group is a privately held group of financial services companies. The firm's core businesses are private wealth management and investment banking for institutions and emerging growth companies.
[11:52] {Threei}  - The firm confirmed on Friday that it has been under investigation by the SEC and the Financial Industry Regulatory Authority since January.
[11:53] {cujo} GS day lows
[11:53] {Threei}  CAT starts working for you cujo
[11:53] {nemo} I like sentry work :)
[11:53] {nemo} SLW just popped
[11:53] {cujo} yup
[11:53] {cujo} took a while
[11:54] {cujo} out for scalp though....
[11:54] {Threei}  that's fine
[11:54] {Threei}  we got big trade out of it
[11:54] {Threei}  no need to be a hero now
[11:55] {cujo} yeah, bonus play
[11:55] {Threei}  exactly, icing on a cake
[11:55] {dino} bear markets we wait
[12:01] {Threei}  CYTX interesting strength
[12:02] {Threei}  moves on stem cells hype
[12:10] {Threei}  CAT starts looking like there is more in the store
[12:11] {Threei}  this slooooow slide
[12:14] {larisa} at these levels I want to wait for vol and fast selling to go for a bounce, you still think a lot of downside ?
[12:15] {Threei}  hard to tell, we are in time period when market often starts those brief moves up adn down
[12:17] {Threei}  overall, we haven't had any meaningful movement for what, couple hours now?
[12:18] {wulff} you like cytx now?
[12:18] {Threei}  I'd like it much more closer to 4
[12:19] {Threei}  CYTX is typical pre-news play
[12:19] {Threei}  executive order in works about stem cells research funding,
[12:19] {Threei}  so the names in the field get bought in dvance
[12:20] {Threei}  and will be dumped into te hands os fresh crop of buyers when actual news is out
[12:20] {Threei}  Since no one knows when it's going to happen, it's just us traders scalping each other for now
[12:21] {Threei}  Buy too high, and you may have to hold it at loss, waiting for news to hit
[12:21] {Threei}  only to get out flat at best
[12:21] {wulff} there is other fish to fry, as we say
[12:21] {Threei}  take a look at daily, see when it started its upward march?
[12:22] {Threei}  mid November... tells you something? :)
[12:24] {larisa} something in japanese, not sure what it is
[12:24] {nemo} larisa, what are you talking about?
[12:25] {larisa} nobody answered vad, i felt sorry for him, made funny joke, nobody understood, vad feels sorry for me now :) 
[12:26] {Threei}  not really, I aam not that sensitive
06[12:26] * larisa slaps Threei around a bit with a large trout
[12:26] {nemo} Yeah, just ask his wife
[12:26] {Threei}  sorry about that {G}
[12:35] {cujo} going for a run.  Back in a few.
[12:37] {Threei}  DRYS
[12:37] {Threei}  NORDEA BANK EXEC: DRYS IS MOVING IN THE RIGHT DIRECTION, DOING WELL FOLLOWING RENEGOTIATION OF LOAN - INTERVIEW
[12:37] {Threei}  - Reminder: Back on 2/09 DRYS signed a preliminary agreement with Nordea Bank for a covenant waiver on its $800M prime lead facility
[12:37] {hawkfan4} so...down is the right direction?
[12:37] {Threei}  lol, that was my thought as well
[12:37] {hawkfan4} :)
[12:38] {Threei}  if they consider it right direction and push further...
[12:38] {wulff} stepping out for a while, feel free to rally while I am gone
[12:38] {Threei}  ok... let's find a trade, quick
[12:38] {Threei}  while cujo and wulff are out
[12:40] {dino}     spike
[12:44] {dino} short lived
[12:45] {Threei}  yeah but some life seems to appear in the market
[12:48] {Threei}  watch RIMM
[12:48] {Threei}  if we get fast spike in the market, RIMM break of .50 should give a trade
[12:52] {Threei}  feels like little spike is coming
[12:55] {Threei}  here it is
[12:55] {magoo} in aggress .41
[12:55] {Threei}  lol, me too
[12:55] {magoo} scary
[12:56] {Threei}  not really, it held above .35 before tagging .40 break
[12:56] {Threei}  so worst case scenario your stop is under .30
[12:56] {Threei}  unless you bought 5K shares, what's 12 cents stop
[12:56] {magoo} i meant us thinking alike
[12:56] {Threei}  oh
[12:56] {Threei}  yeah, disturbing
[12:58] {dino} out rimm .50, +.40
[12:58] {Threei}  nice
[12:58] {Threei}  lol, look at this:
[12:58] {Threei}  SLE CEO: FIGHTING UNEXPECTED HEADWINDS
[12:58] {Threei}  unexpected??
[12:58] {Threei}  where was he last year or so?
[12:58] {larisa} liked your entry dino, perfect support with tight stop
[12:59] {Threei}  yup, thing of beauty
[12:59] {magoo} yeah he nailed it
[13:00] {Threei}  FEB NAHB HOUSING MARKET INDEX: 9 V 8E
[13:00] {Threei}  wow... silver lining?
[13:01] {dino} ty larisa
[13:03] {nemo} Coax RIMM, would ya' Vad?
[13:04] {Threei}  with .50 entry? or .40?
[13:04] {nemo} latter
[13:04] {nemo} err...former
[13:04] {Threei}  I'd keep stop under .35
[13:04] {magoo} i scalped out
[13:04] {nemo} yep.
[13:04] {Threei}  with .40, it was already above 1:1
[13:04] {magoo} didnt like mkt pullbk
[13:05] {KSystems} wb elepet
[13:05] {KSystems} can you spare a minute for dcc?
[13:05] {Threei}  market new wave of seasickness
[13:05] {magoo} careful here
[13:05] {nemo} stopped -.14 
[13:07] {Threei}  why did we ever bother to cover CAT?
[13:08] {magoo} u mad us do it he he
[13:12] {cujo} back from the run
[13:13] {dino} brb
[13:19] {Threei}  FAS is bottomless... doesn't look like market believe in salvation of financials
[13:20] {nemo} Put in an order for $2
[13:20] {magoo} faz is topless lol
[13:21] {Threei}  what a couple
[13:22] {nemo} So, now that FAS is declared dead, does that mean we should go long?
[13:22] {Threei}  declrared by whom?
[13:22] {nemo} well, falling..."bottomless"
[13:23] {Threei}  yeah but didn't fall ultimately yet and hasn't reached that non-existing bottom
[13:23] {Threei}  it's just sliding down slowly, no slightest indication of reversal
[13:26] {Threei}  look at CEDC... people don't even want vodka anymore
[13:27] {elepet} hello. internet here is off and on and haven't been paying attention. just noticed message from KSystems. I don't know how to dcc.
[13:27] {Threei}  IAEA'S EL BARADEI: IRAN REMAINS UNCOOPERATIVE WITH REGARDS TO RESOLVING QUESTIONS IN NUCLEAR PROGRAM
[13:27] {Threei}  you should have a message from him elepet
[13:27] {nemo} so what's changed over the last 7 years with IRAN?
[13:28] {elepet} that is the message..to dcc him.
[13:28] {Threei}  look for a button with his name on it
[13:28] {magoo} GS just pummeled
[13:28] {Threei}  click on it to get into private chat window
[13:29] {Threei}  WHITE HOUSE: IMPORTANT TO HAVE A 'STRONG AND VIABLE' AUTO INDUSTRY
[13:29] {Threei}  {GM F}
[13:29] {Threei}  ugh magoo
[13:29] {Threei}  white house leaves us both in the dust as far as stating the obvious goes
[13:29] {Threei}  - spokesperson says will not make a judgement ahead of time on whether a govt backed bankruptcy option is needed for the auto industry
[13:32] {Threei}  BOE'S BESLEY: HARD TO KNOW HOW BIG A SPUR STIMULUS WILL BE FOR THE ECONOMY; FISCAL STIMULUS PACKAGES ARE NEEDED WORLDWIDE
[13:32] {Threei}  how come whole world suddenly went keynesian??
[13:33] {nemo} Because it's handout based and big government
[13:33] {dino} obviously it is as nobody will loan auto industry money
[13:34] {dino} pre-packaged should have happened in dec., just wasted billions more
[13:34] {magoo} wopw spike
[13:35] {Threei}  out of nowhere
[13:35] {Threei}  this is exactly kind of things that keep me at bay for now
[13:36] {Threei}  no news, no technicals
[13:36] {Threei}  just spike
[13:37] {magoo} spikearolla
[13:39] {Threei}  watch FAS for dive under .30 for a long scalp with stop under .20
[13:43] {Threei}  didn't give a chance for entry
[13:44] {magoo} rimm slow to respond to spike
[13:45] {Threei}  RIMM SEC CHARGES CO. AND 4 SENIOR EXECUTIVES WITH OPTION BACKDATING
[13:46] {nemo} HA!  Guess we were contrarian indicators on FAS  [13:22] {nemo} So, now that FAS is declared dead, does that mean we should go long?
[13:50] {dino}  good thinking nemo
[13:50] {nemo} No one has ever accused me of that!
[13:50] {hawkfan4} lol
[13:52] {Threei} Long Setup:  SQNM  .36 half lot if stays above .20
[13:55] {larisa} vad, when you post news without stamp, is it always current? 
[13:55] {Threei}  yes
[13:55] {larisa} was nice alert on RIMM, did not know if it just out or not
[13:56] {larisa} ok, thanks
[13:56] {Threei}  if it's old I post with date/stamp
[13:56] {larisa} i see
[13:56] {nemo} old like us, Vad?
[13:56] {Threei}  and add "news earlier" unless I forget
[13:56] {Threei}  which is often the case
[13:56] {Threei}  RIMM crossed the wire at 13:44
[13:58] {fernp} my esignal crashed. triggered SQNM?
[13:59] {nemo} no fern
[13:59] {cujo} nope
[13:59] {Threei}  no
[13:59] {fernp} ty
[13:59] {Threei}  still hanging there
[14:03] {cujo} in .36
[14:04] {Threei}  with this low on pullback, stop strictly speaking can be located under .25... higher odds of shakeout
[14:04] {Threei}  let's do a compromises: if it tags .40, let's trail to under .25
[14:04] {_bobv} hi guys
[14:04] {Threei}  hi bobv
[14:05] {Threei}  trailed
[14:06] {dino} rimm sm l .90, risky
[14:07] {Threei}  coming into 1:1
[14:09] {Threei}  a few min ago:
[14:09] {Threei}  RIMM
[14:09] {Threei}  CONFIRMS SETTLEMENT WITH THE SEC
[14:09] {Threei}  - RIM and four of its officers, Jim Balsillie, Mike Lazaridis, Dennis Kavelman and Angelo Loberto, have entered into settlements with the SEC that resolve the previously-disclosed SEC investigation of RIM''s historical stock option granting practices. RIM previously disclosed a management-initiated, voluntary review of its historical stock option granting practices that had commenced in 2006 and had been self-reported to the SEC and the Ontario Securities Commission
[14:09] {Threei}  - In the settlement with the SEC that was filed today, RIM consented, without admitting or denying allegations in a complaint filed by the SEC
[14:09] {Threei}  (GE) GERMAN GOVT HAS REPORTEDLY REACHED AN AGREEMENT TO PERMIT NATIONALIZATION OF CERTAIN BANKS - UNCONFIRMED REPORT
[14:09] {nemo} Ask K
[14:09] {Threei}  hello comrades
[14:09] {Threei}  comrade ksystems
[14:10] {nemo} comrade, brother, friend
[14:10] {Threei}  where is comrade fernp
[14:10] {nemo} I don't know Comrade Vad
[14:11] {Threei}  who else is from Europe, raise your hands... we will follow your steps very soon
[14:11] {Threei}  so might as well start practicing now
[14:11] {nemo} All for the Rodina!
[14:14] {Threei}  SQNM went 2 cents shy of 1:1
[14:14] {Threei}  if you haven't sold any, trail stop to under .30
[14:14] {Threei}  no need to risk anything more than a few cents anymore
[14:21] {magoo} vad..is there news GS? 
[14:21] {Threei}  no
[14:22] {magoo} ty
[14:22] {Threei}  US FTC NOMINEE VARNEY: GOOG IS A 'MSFT TYPE' MONOPOLIST
[14:22] {Threei}  uhhu
[14:23] {nemo} How's that?  Just because yahoo can't get their feces assembled?
[14:23] {Threei}  eqzaktly
[14:23] {nemo} It's not like they own the operating system.  What an IDIOT!
[14:23] {Threei}  Atlas Shrugged... almost page by page, line by line
[14:24] {Threei}  "but GOOG must give others a chance"
[14:24] {nemo} Yeah, she was a little over the top, but she was a pretty good judge of where the revolution was going, that's why she left.
[14:24] {larisa} comrade GOOG
[14:24] {nemo} Fountainhead was great too
[14:30] {cujo} Vad, 29.10 break on CAT?
[14:31] {Threei}  I don't have read on it here
[14:35] {magoo} vad, any news aapl?
[14:35] {Threei}  no
[14:35] {Threei}  why?
[14:35] {magoo} im just looking for candidates if mkt revcersed hard up
[14:35] {Threei}  I don't see it doing anything
[14:36] {larisa} lol
[14:37] {larisa} market hopes Obama will say something nice ?
[14:38] {Threei}  hmmm
[14:38] {magoo} well..i took .21 
[14:41] {Threei}  uncharacteristically narrow market today
[14:42] {magoo} out mkt ruined it
[14:42] {magoo} mad .50 area tho
[14:42] {Threei}  after two morning trades all we go was couple scalps, and one either small scalp or small stop depending you type of entry
[14:42] {Threei}  go = got
[14:43] {Threei}  not that I am unhappy about this performance, but it's getting hard to keep eyelids open
[14:43] {nemo} Two shifts 9:30-11:00 Nap   2:00-4:00
[14:43] {cujo} yeah, that afternoon run helped. 
[14:44] {cujo} still shaking off sleep....
[14:44] {Threei}  shaking off sleep AFTER run?
[14:44] {Threei}  my kind of running
[14:44] {cujo} ha ha
[14:44] {larisa} any news HIG vad {in best magoo voice}
[14:45] {dino} smoke 'em if you got 'em, out rimm .45, +.55
[14:45] {cujo} nice
[14:45] {larisa} gj
[14:45] {Threei}  no but there was news on PRU which is affecting HIG:
[14:45] {Threei}  S&P LOWERS RATING TO A FROM A+; OUTLOOK NEGATIVE
[14:45] {dino} ty
[14:45] {larisa} thanks
[14:47] {Threei}  solemn signing of the bill if coming up
[14:47] {nemo} and FAZ is climbing...heheheh
[14:49] {nemo} The government should send us each a jar of vaseline
[14:50] {dino} probably cheaper to just mail $50k to everybody, rather than this joker plan
[14:50] {hawkfan4} i vote for dino's plan
[14:51] {nemo} You're more likely to get the vaseline
[14:51] {dino} no, they want it to hurt
[14:51] {nemo} Then they
[14:51] {nemo} send the #60 grit
[14:55] {larisa} so many angry people on TV. My friend in Russia owns TV station, his advice always : watch as little TV as you can :)  
[14:56] {larisa} addicted to it though
[14:56] {Threei}  me too... TV sound helps me fall asleep
[14:59] {Threei}  FAS is back into low
[15:00] {Threei}  feels like reakdown is coming
[15:00] {Threei}  breakdown
[15:01] {Threei}  as guys on TV praise solars, FSLR is -10 with change and trades at low
[15:02] {Threei}  I see no single green solar
[15:02] {cosmo} GERN steady
[15:03] {cosmo} photosynthsis should be simple  ....plants can do it for free
[15:04] {Threei}  new low FAS
[15:05] {Threei}  http://www.namastesolar.com/
[15:05] {Threei}  The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.
[15:05] {nemo} wonder how much of today was fallout from the Japanese GDP report?
[15:06] {nemo} buddhist solar company...sheesh
[15:09] {larisa} they are installers, not manufacturers ?? :) 45 owner-employees company
[15:10] {cosmo} and they're napping now....
[15:10] {cujo} is it just me or does Obama soud like he's hostong a pep 'ally?
[15:11] {cujo} hosting
[15:11] {dino}  bingo!
[15:11] {dino} a gree, like a clueless cheerleader
[15:11] {Threei}  someone should tell them campaign is over
[15:12] {dino} exactly, stop the b.s. trpis
[15:12] {cujo} yeah
[15:12] {nemo} whaddya' figure the collective IQ of the audience to be?
[15:12] {cosmo} 100
[15:12] {nemo} generous...aren't you
[15:12] {Threei}  hard for me with my 43, nemo
[15:12] {nemo} 43 squared-you mean
[15:13] {Threei}  my dilemma:
[15:13] {dino} markets are saying bush's way better than obama spending; as bush's way was faster and infinitely less expensive
[15:13] {Threei}  I want to short this market right now badly,
[15:13] {Threei}  but can't tell whether it's real read or just a manifestation of what I think of this bill
[15:14] {nemo} I think this is from the Japanese GDP report.  We would have gotten this yesterday
[15:14] {dino} it's all smoke and mirrors 3i, flip the coin
[15:15] {Threei}  just feels like flush is coming
[15:15] {larisa} you think there will be reaction to signature ? market voted already
[15:15] {Threei}  but I don't want to force any trade
[15:15] {Threei}  no, not really larisa
[15:15] {cujo} depends which pen he uses larisa...
[15:15] {nemo} The signing was anti-climactic to the passage in Congress
[15:16] {Threei}  there is no significance to act of signing itself
[15:16] {nemo} FAS continues to strengthen
[15:16] {dino} yeah, the typical reaction....down hard
[15:16] {nemo} "Congress's 31% approval rating highest in 2 years"
[15:17] {dino} lol, i do better on the family polls
[15:17] {Threei}  really?
[15:17] {Threei}  wow
[15:18] {Threei}  out of 4 family members only cat votes for me
[15:18] {larisa} you are the one feeding her ?
[15:18] {Threei}  AAPL
[15:18] {Threei}  HEARING PIPER MAKING COMMENTS; NPD DATA CAME IN AT 'LOW END' OF EXPECTATIONS (TIMING UNCERTAIN)
[15:19] {Threei}  I am the one who gives her favorite treat in the morning... 'cause I wake up before everyone else does
[15:19] {nemo} Ohoh...FAS heaed for low
[15:19] {nemo} headed
[15:19] {Threei}  AAPL sells down hard
[15:20] {nemo} this is gonna' be close
[15:20] {Threei}  WFC
[15:20] {Threei}  HEARING DEALREPORTER MAKING CAUTIOUS COMMENTS; CITES UNDERESTIMATION OF WACHOVIA'S FUTURE LOSSES
[15:20] {nemo} FAS held
[15:23] {nemo} ohoh
[15:23] {Threei}  here comes flush
[15:23] {nemo} Should we ask Mrs. Lincoln about the play?
[15:23] {larisa} why he uses different pens ? tradition ?
[15:24] {nemo} He gives pens to different people as mementos
[15:24] {larisa} sigh
[15:24] {wulff} and his finger are sticky
[15:24] {nemo} why?
[15:24] {Threei}  I feel stimulated
[15:25] {larisa} lets rally!
[15:25] {nemo} why?
[15:25] {nemo} who said th "R" word!!!
[15:25] {Threei}  oh wait... it's just magoo shared one of his favorite websites with me
[15:25] {nemo} I don't want to know
[15:25] {nemo} I'm closing my eyes
[15:26] {nemo} Not listening....
[15:27] {Threei}  what was the Nov low for DJI?
[15:27] {larisa} 7400 something
[15:27] {nemo} 68 somethin'
[15:28] {larisa} lol
[15:28] {hawkfan4} 7460
[15:28] {dino} 7449.38
[15:28] {larisa} we need dino he always knows
[15:28] {larisa} :)
[15:28] {nemo} I thought it went below 7000 intraday
[15:28] {Threei}  we are just 120 points away
[15:28] {dino} ndx 1018.86
[15:28] {dino} s/p 741.02
[15:29] {Threei}  two ways to view it:
[15:29] {Threei}  one is obvious,
[15:29] {dino} right or wrong
[15:29] {Threei}  we are so close to this magnet, we are boundf to tag and break it
[15:29] {Threei}  yes dino :)
[15:29] {Threei}  another is,
[15:29] {dino} as livermore would say, if wrong, only one thing to do...get right
[15:29] {Threei}  it's so obvious and so many are calling for it, we will turn around here and rally
[15:30] {dino} well then, giddy-up
[15:31] {magoo} man vad
[15:31] {magoo} look
[15:32] {dino} out gild .30, +.40
[15:33] {dino} all day
[15:33] {fernp} gj dino
[15:34] {dino} ty, spike helped
[15:34] {Threei}  let's try to catch this pullback
[15:34] {dino} welol, all in all, 4 for 4
[15:34] {Threei}  RIMM closer to .15 - .20
[15:35] {_bobv} jeez
[15:36] {Threei}  same for FAS
[15:36] {cosmo} GERN gonna test 6.66   
[15:37] {cosmo} hod
[15:38] {larisa} scalped 15 cents on HIG, somehow does not feel like r word
[15:38] {larisa} :(
[15:39] {magoo} very iffy here
[15:42] {Threei}  PRESIDENT OBAMA ORDERS 10,000 TROOP INCREASE FOR AFGHANISTAN
[15:43] {Threei}  get ready FAS if you are in the mood for one more play
[15:44] {larisa} nice :)
[15:44] {nemo} when it touched the Bollinger band?
[15:45] {Threei}  who took it, feel free to exit
[15:45] {Threei}  missed RIMM
[15:45] {magoo} me too
[15:45] {Threei}  hit my bounce level to the cent too
[15:46] {wulff} great call
[15:46] {Threei}  ty
[15:46] {cujo} yeah, got the fas
[15:46] {Threei}  :)
[15:46] {cujo} thanks Vad
[15:46] {Threei}  sure
[15:47] {Threei}  Ok guys, I want to quit now while we are solidly ahead
[15:47] {Threei}  one stop today?
[15:47] {Threei}  4 or 5 wins
[15:48] {Threei}  not bad for this miserable market
[15:48] {larisa} good leadership by you today :)
[15:48] {Threei}  yeah, I am reading Tao of Leadership, lol
[15:48] {hawkfan4} nice job Vad
[15:48] {cujo} yup. good day.  Catch you all tomorrow.
[15:48] {Threei}  thank you all
[15:48] {Threei}  have a good evening
[15:49] {larisa} see you
[15:49] {Threei}  see you for new bailouts tomorrow
[15:49] {vint} thanks vad
[15:49] {nemo} P&Q
[15:49] {dino} gj room
[15:54] {magoo} thanx vad
[15:54] {magoo} ty all
[15:54] {magoo} tough mkt imo..but we navigated well
[15:56] {patience} one trade hgu +1.78   bought it again before the close, will play it for as long as its got momo
[15:57] {dino} gj
[15:57] {patience} ty dino, will do some buying this week i think
[15:58] {dino} same
[15:58] {fernp} good evening everyone
[15:58] {patience} crude shorts are ready to get whacked
[15:58] {dino} we should get exp. up 200 one day this week
[16:01] {dptl} gn all

Friday, February 13, 2009

Feb 13 2009

Nice strong day. 7 calls, 6 of them wins. Got the idea of the rally right, managed to time it and get nice trade on FAS. Good way to finish the week before the long weekend.


Session Time: Fri Feb 13 00:00:00 2009

[08:12] {Threei}  Good morning
[08:13] {nemo} Well...I'll give you the morning part :)
[08:13] {Threei}  BALTIC DRY BULK INDEX FALLS 4.1%, SECOND STRAIGHT DECLINE
[08:13] {Threei}  I amnimble, I'll take it
[08:16] {magoo} morning
[08:16] {nemo} morgen
[08:17] {Threei}  magoo
[08:17] {larisa} good morning :)
[08:18] {nemo} Hi Larisa
[08:18] {larisa} nemo, threei :)
[08:18] {Threei}  larisa :)
[08:18] {Threei}  PALM had news yesterday after close
[08:19] {Threei}  02/12/09 04:16pm
[08:19] {Threei}  [QCOM] Qualcomm Inc Introduces new chipset targeting sub-$150 smartphones
[08:19] {Threei}  - Announced the new Mobile Station Modem(TM) (MSM(TM)) MSM7227(TM) chipset designed to enable high-performance, sub-$150 Smartphones.
[08:19] {Threei}  - The MSM7227 solution will offer advanced processing and rich multimedia while utilizing HSDPA/HSUPA for broadband data speeds over 3G networks. It also can support all leading mobile operating systems including Android, Symbian S60, Windows Mobile(R) and BREW(R) Mobile Platform.
[08:19] {Threei}  02/12/09 09:18pm [PALM] Macquarie Initiates PALM with buy, price target: $10
[08:19] {Threei}  06:52am [PALM] Credit Suisse Initiates PALM with Outperform, price target: $11
[08:39] {Onix} gm all
[08:39] {Threei}  onix :)
[08:41] {magoo} thoughts on PALM vad
[08:42] {Threei}  none yet... gap is gap, gotta see how it trades
[08:42] {Threei}  aside of upgrades, no real news on it came out yet
[08:43] {Threei}  whch means major deal stock moves on is still ahead
[08:43] {Threei}  and may or may not materialize
[08:43] {Threei}  look how GERN got smacked yesterday after hours
[08:43] {Threei}  those who simply kept it counting on news got hit
[08:44] {cujo} good morning
[08:44] {Threei}  cujo :)
[08:45] {magoo} ok
[08:47] {Threei}  one thing bothers me about yesterday rally
[08:47] {Threei}  it started at 15.10
[08:48] {Threei}  news that is considered to trigger it came out at 14:59
[08:48] {Threei}  11 minutes for major players capable of moving market that much to see and digest news of such magnitude?
[08:48] {Threei}  something doesn't add up here
[08:50] {Threei}  one more curious divergence:
[08:50] {Threei}  CAT is widely expected to be one of major benefitters of stimulus plan
[08:51] {Threei}  and in fact said itself as much
[08:51] {Threei}  yet no any meaningful move last days
[08:51] {Threei}  to me, looks like there is no absolute confidence in the market that the deal will pass
[08:52] {Threei}  margins are so thin, no one wants to bet
[08:52] {Threei}  it hangs on what, 3 votes?
[08:55] {Threei}  Gregg's wathdrawal doesn't help either
[08:56] {Threei}  REPORTEDLY A G7 SOURCE NOTES THE ROME COMMUNIQUE WILL INCLUDE A COMMITTMENT TO FREE TRADE
[08:56] {Threei}  - G7 members have been expressing concerns over protectionism in recent sessions
[09:00] {Threei}  GERN CONFIRMS PRCING OF 7.25M SHARE OFFERING
[09:01] {Threei}  - Pricing of an underwritten public offering of 7.25 million shares of its common stock. The offering is expected to close on February 19, 2009.
[09:01] {Threei}  - On February 12, 2009, the last reported sales price of Geron common stock on the Nasdaq Global Market was $7.77
[09:02] {fernp} Hello everybody
[09:02] {Threei}  fern :)
[09:03] {Threei}  hmmm... no pricing in the news
[09:03] {Threei}  I don't think it's 7.77
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:12] {magoo} i lost the icon to other other old trading room..that was how dino and i were getting into mirc, anyway to get that back?real
[09:12] {magoo} i am in bogus room yester and today
[09:12] {magoo} this driving me crazy
[09:12] {cosmo} i know the feeling
[09:12] {Threei}  go to:
[09:13] {Threei}  my computer - C - program files - mirc
[09:13] {magoo} i know im an idiot, but i gotta get this resolved
[09:13] {Threei}  find mirc.exe file,
[09:13] {Threei}  right click,
[09:13] {Threei}  create shortcut
[09:13] {Threei}  drug that shortcut to desktop
[09:13] {Threei}  and your icon will be back
[09:14] {Threei}  how do icons disappear by themselves...
[09:17] {magoo} no worky..i know we need to focus, but after trading i need someone to walk me ythru this crap
[09:18] {magoo} my system did a scan, then the icon came up"shortcut no longer there"  
[09:18] {magoo} gone
[09:19] {Threei}  but you do have mirc folder?
[09:20] {fernp} click on Star - RUN and write this mags: C:\Program Files\mIRC\mirc.exe
[09:20] {nemo} all he should have to do is highlight mirc.exe and drag it to the desktop
[09:20] {magoo} wheres Star/
[09:21] {ese} password recognizsed....you are now acceptted......good morning
[09:21] {fernp} star = start
[09:21] {magoo} did anyone use the other download successfully?
[09:21] {Threei}  ese :)
[09:21] {magoo} i had troubles with that
[09:22] {magoo} say i never had old room, there was other download
[09:23] {dptl} good morning all
[09:23] {Threei}  dp :)
[09:23] {Threei}  mags... what doesn't work when you do what I described?
[09:24] {magoo} femp..is your slash correct "/"
[09:25] {magoo} where the reverse slash
[09:25] {magoo} its not in there
[09:25] {magoo} vad
[09:25] {Threei}  you don't have mirc folder?
[09:25] {ese} anything sticking out premarket
[09:26] {magoo} lets trade but MAN..io need assistance
[09:26] {magoo} is there a reverse slash????
[09:26] {Threei}  watching PALM, ese... also HIG, FAS, RIMM, CAT
[09:26] {magoo} shit found ittttttttttttttttttt
[09:26] {magoo} lets trade
[09:26] {magoo} make $$$
[09:26] {Threei}  lol
[09:27] {nemo} any crissake trade on RIMM this mornin'?
[09:27] {magoo} if u knew my personality this crap drives me nuts..about ready to smash keyboard
[09:27] {ese} by the way.....exited  QQQQ at .51 yesterday + .51 on a full lot
[09:27] {vint} looks like there is downgrade on RIMM by credit su..
[09:27] {magoo} and dino worse than me...couldnt find reverse slash either
06[09:28] * Threei is really glad he doesn't know magoo's personality
[09:28] {pita} morning all, I'm with magoo, make $$$
[09:28] {dino} nice timing huh vint
[09:28] {Threei}  pita :)
[09:30] {Threei}  RIMM .50 break long half lot
[09:30] {cosmo} SVNT: # FDA extends review time for gout drugAP(Thu 8:39pm)
[09:30] {Threei}  stop under .35
[09:30] {fernp} the slash is correct mags...
[09:31] {nemo} whoa!
[09:31] {nemo} blew right by
[09:31] {Threei}  over 1:1
[09:31] {Threei}  over 1:2, I am out
[09:32] {tomg} out ty vad
[09:32] {cujo} thanks Vad
[09:32] {Threei}  :)
[09:32] {Onix} out ty Vad
[09:32] {buyemsellem} nice thanks
[09:32] {Threei}  welcome guys
[09:32] {pita} I blinked
[09:32] {nemo} look at FS
[09:32] {nemo} fas
[09:32] {Threei}  blinking is prohibited on RIMM{ especially at the open
[09:33] {pita} I see that - reload?
[09:33] {magoo} no kidding..went for coffee..u called trade..missed it
[09:33] {nemo} I gotta' get reading glasses
[09:33] {Threei}  no reload on RIMM for now
[09:33] {dino} lol nemo, bought a pair last night
[09:37] {magoo} mkts losing it a biyt
[09:39] {wulff} PALM
[09:39] {wulff} whatever...
[09:39] {Threei}  lol
[09:40] {Threei}  it got couple upgrades wulff
[09:40] {magoo} one too 11
[09:40] {Threei}  PREVIEW: FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE INDEX DUE OUT AT 9:55AMET
[09:40] {Threei}  **consensus expectation: 60.2e v 61.2 prior
[09:40] {Threei}  - analyst estimates range between 56.5 to 64
[09:40] {wulff} got what i needed for now
[09:42] {Threei} Long Setup:  HIG  ..41 if holding above .30
[09:42] {nemo} gone already
[09:43] {magoo} quotes sticking here..anyone else?
[09:43] {Threei}  OK here
[09:43] {pita} yes cannot read qqqq
[09:43] {magoo} are u laser pita?
[09:44] {nemo} you need that neural implant vad...although might get too much unfiltered info
[09:44] {Threei}  Qs 30.45
[09:45] {pita} Yes laser - some charts ok others not
[09:45] {pita} shut it down and restart has fixed
[09:45] {magoo} cause was wondering if its on there side or mine
[09:45] {Threei}  pita, can you give me symbol on a wrong chart?
[09:46] {pita} ???
[09:46] {Threei}  ok... btw you can often fix it without shutting down, just switch a quote server
[09:46] {Threei}  or chart server
[09:46] {pita} tried that - no worky
[09:47] {magoo} which quiote srver u on vad/
[09:47] {Threei}  3
[09:47] {magoo} ty
[09:47] {Threei}  HIG looks salmonish
[09:47] {nemo} FAS is moving up high with it
[09:48] {wulff} and salmonish is?
[09:49] {nemo} against the current
[09:49] {wulff} ah
[09:50] {Threei}  half out HIG .57
[09:50] {Threei}  stop to .35
[09:52] {Threei}  I found new trading pattern
[09:53] {Threei}  every time new bad news come out on economy as a whole, CEDC goes up
[09:53] {Threei}  which is not a surprize when you look at its product
[09:53] {Threei}  before you waste your time looking at the charts, it's a joke
[09:54] {dino} lol
[09:54] {Threei}  cat
[09:55] {dino} stepping back
[09:55] {Threei}  FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: ##56.2 V 60.2E
[09:55] {Threei}  lol
[09:55] {Threei}  big surprise eh
[09:55] {dino} 48 was rimm bottom yesterday
[09:55] {dino} watching
[09:56] {Threei} Long Setup:  CAT  .26 if holding above .15
[09:56] {dino} 47 wmt, 55.65ish mcd, fwiw
[09:58] {magoo} in cat
[09:58] {Threei}  over 1:1, half out, scalpers are scalpers
[09:59] {Threei}  HIG balance stop to under .40
[10:00] {Threei}  CAT balance stop to under .20
[10:00] {dino} wmt sm l .20
[10:00] {magoo} out cat..i am what i am..ty boss
[10:00] {Threei}  (US) FED: EXPANDS FOMC MEETINGS FROM TO TWO DAYS FROM ONE
[10:01] {Threei}  hmm?
[10:01] {Threei}  welcome mags
[10:02] {Threei}  CAT balance stop to under b/e
[10:02] {dino} emr sm l .50
[10:04] {Threei}  options at this point:
[10:04] {Threei}  take full profit on the next spike on both, HIG and CAT
[10:04] {Threei}  or 1/4 more out and leave them trade
[10:05] {Threei}  here is HIG spike
[10:05] {Threei}  1/4 more out .71
[10:05] {wulff} 1.0 on PCLN small
[10:05] {Threei}  stop to under .50
[10:06] {Onix} ty Vad, got some in HIG
[10:06] {Threei}  :)
[10:06] {vint} cat out .42
[10:07] {Threei}  out HIG in full .90
[10:07] {Threei}  +.50 for chrissake
[10:07] {dino} gj
[10:07] {Threei}  ty'
[10:07] {dawg} wtg Vad
[10:08] {Threei}  wow, top-ticked it
[10:08] {Threei}  CAT balance stop to under .30
[10:10] {Threei}  SCLN is strong for some reason
[10:11] {Threei}  noplay there, it's just a sentimental stock for me
[10:11] {Threei}  first I ever bought
[10:11] {Threei}  back in 1996
[10:11] {Threei}  it hunted down some ill mouse and cured it
[10:11] {dino} softie
[10:12] {Threei}  I was impressed, bought it and lost money
[10:12] {larisa} lol
[10:12] {larisa} sorry :)
[10:12] {Threei}  nah :)
[10:12] {Threei}  it's rather funny now to remember what a sucker I was
[10:14] {magoo} i nhavre like no quotes here
[10:15] {joeys} possible cup and handle developing on hig?
[10:15] {joeys} on 2 ion
[10:15] {dino} magoo has pissed off the trading gods
[10:15] {joeys} on 2 min
[10:17] {Threei}  would be much cleaner formation if continued up instead of these two red bars, joyes
[10:17] {joeys} talked too soon
[10:17] {Threei}  no, it was in a process of shaping up when you asked
[10:17] {Threei}  just got ruined
[10:18] {joeys} exactly
[10:19] {Threei}  OK, 3 for 3 so far
[10:19] {magoo} am gonna smash everything i have here
[10:19] {Threei}  dino, you maintaining safe distance from magoo?
[10:21] {magoo} ive tried every server
[10:21] {Threei}  quotes are fine here mags
[10:22] {larisa} designer handle on HIG's cup :)
[10:22] {magoo} i know i know..makes me even madder
[10:22] {Threei}  lol... that one creative designer
[10:23] {Threei}  what is he, working on tableware for aliens?
[10:24] {larisa} just bringing beautiful things into this ugly world
06[10:25] * Threei is going to watch Alien tonight to understand larisa's criteria of beauty
[10:25] {Threei}  RIMM's weakness is remarkable
[10:26] {ese} bstop QQQQ .61 full lot
[10:28] {Threei}  larisa facing her favorite alien:
[10:28] {Threei}  http://www.imdb.com/media/rm1331927296/tt0090605
[10:29] {larisa} Sigurni looks like me ? men..
[10:30] {Threei}  ok guys... if my feeling of what is going to happen today is right,
[10:31] {dino} lol
[10:31] {Threei}  we need to start looking for longs
[10:31] {Threei}  my usual candidate would be RIMM, but something is not right about it today
[10:32] {vint} it is downgraded, right?
[10:32] {magoo} im gonna do new download..maybe thats it
[10:32] {magoo} brb
[10:32] {nemo} yeah, that means buy
[10:33] {Threei}  yes vint
[10:33] {ese} long qqqq .61
[10:33] {wulff} long aapl .04
[10:34] {Threei} Long Setup:  ADBE  .21 if stays above .10
[10:34] {hawkfan4} HIG a 1 min cup/handle asc tri break over 12.90
[10:35] {Threei}  IMO... we are on a verge of a big 'ally starting
[10:36] {Threei}  the only p'oblem is possible shakeouts befo'e all hell breaks lose
[10:36] {ese} out qqqq .75
[10:37] {ese} +.24
[10:37] {dino} you stuttering?
[10:37] {dino} gj es
[10:38] {ese} definately stutering
[10:38] {ese} have so much on the go these days that the q's are about the only thing i can concentrate on
[10:39] {dino} i was talking to vad
[10:39] {Threei}  your yesterday's Qs entry was right on ese
[10:39] {cosmo} HIG needs 13
[10:39] {larisa} why do you think rally, threei? We broke all important supports, but did not test ultimate lows. Just a feeling ?
[10:39] {Threei}  no dino, I am just under strict p'ohibition by larisa to say 'ally
[10:39] {larisa} lol
[10:39] {ese} ya vad ...that worked really well
[10:39] {dino} what is w/ `
[10:40] {cosmo} la'isa .... you mean
[10:40] {dino} oh, no i get it, slow today
[10:40] {Threei}  'ight
[10:40] {Threei}  lol dino
[10:40] {wulff} you in adbe vad?
[10:40] {Threei}  not enough CEDC I guess
[10:40] {Threei}  it triggered... why wouldn't I
[10:40] {Threei}  1:1 btw
[10:41] {Threei}  half out
[10:41] {Threei}  larisa, I am not ingoring your question
[10:41] {Threei}  I am trying to put it in words
[10:41] {ese} man can't add...it's + .14 not 24 sheeesh......what was that that I said about concentration
[10:42] {Threei}  I noticed that ese... but didn't want to go into any math arguments, I always lose those
[10:42] {magoo} back
[10:42] {larisa} ty, i am just interested in your tought train
[10:43] {Threei}  I am flattered that you think I have thoughts... but somewhat disturbed that you considered them "tought"
[10:43] {larisa} sigh
[10:43] {magoo} download seems SEEMS to have worked
[10:44] {dino} alrighty then magoo, grab some brews now that trouble is past
[10:44] {dino} opps, it's only 10:45 check that
[10:44] {magoo} on it dino..u dont gotta ask twice
[10:44] {nemo} Magoo, you don't drink before lunch, do ya'?
[10:45] {Threei}  OK, I am not sure it will be comprehensible enough
[10:45] {magoo} its lunch somewhere in the world right now im sure
[10:45] {cosmo} its lunch everywhere...
[10:45] {nemo} Yeah, that's usually my answer/rationalization too
[10:45] {Threei}  we havce long weekend ahead,
[10:46] {nemo} whoa, that means three hangovers...oy
[10:46] {Threei}  with big piece of legislation hanging by the fingertips
[10:46] {ese} back long Q's .69
[10:46] {Threei}  normal reaction by normal people is,
[10:46] {Threei}  to get out and wait to see what happens
[10:47] {nemo} Did you see where congress put up pdf images of the legislation instead of html files so you can't search it?
[10:47] {Threei}  Did market ever reward normal thinking?
[10:47] {vint} vad- DRYS is crawling upwards
[10:47] {ese} 1/2 jst in case it retreats more
[10:47] {Threei}  I don't know vint... it's seriously damaged
[10:47] {ese} if not i'll be full lot at .76
[10:47] {magoo} thank god mkt doesnt or entire room would be f'ed lol
[10:48] {vint} k,got it
[10:48] {ese} retreating 
[10:48] {magoo} turn into all day project vint imo
[10:48] {Threei}  yesterday was quite indicative
[10:48] {ese} will add the other around .60 or so
[10:48] {magoo} it was the classic cramer indicator vad
[10:49] {Threei}  just when it seemed we are destined to drop couple hundred points, markety staged stunning rally
[10:49] {dino} rimm breakdown
[10:49] {Threei}  and I am still not sure that WH announcement was not just picked as a lame excuse
[10:50] {Threei}  in short, it feels to me, market has set up big trap for bears
[10:50] {Threei}  and it's ready to trigger
[10:50] {cosmo} t'igger
[10:51] {nemo} Pooh?
[10:51] {Threei}  co''ect
[10:51] {larisa} see, for me normal is : market will rally on stimulus, jump on it :) may be i am not normal myself . THank you for explanation
[10:51] {Threei}  when you say rally on stimulus,
[10:51] {Threei}  you mean after it's passed?
[10:51] {larisa} sure, and it will 995
[10:51] {larisa} 99%
[10:52] {Threei}  well... more market-like behavior would be to rally before the passage
[10:52] {cosmo} as you are coming on to it... i thought
[10:52] {Threei}  and drop after, trapping late buyers
[10:52] {Threei}  just as it did with TARP I
[10:53] {Threei}  that it doesn't happen complicates the picture
[10:53] {Threei}  too many factors in play... PR disaster with TARP II upset the normal way
[10:53] {Threei}  no full confidence in passage
[10:54] {Threei}  plus, serious doubts whether the bill itself is as beneficial as administration says it is
[10:54] {magoo} vad u said r word 10:51 bro..u gonna kill it
[10:55] {Threei}  btw, ADBE stop is trailed
[10:55] {Threei}  larisa said it first mags
[10:56] {Threei}  [10:51] {larisa} see, for me normal is : market will rally
[10:56] {magoo} two wrongs dont make a right
[10:56] {cujo} 3 lefts do...
[10:56] {Threei}  they don't???
[10:56] {magoo} but 2 lefts i guess would make a right
[10:56] {magoo} confusing
[10:56] {Threei}  my whole world is crashing...
[10:56] {cujo} 2 lefts turn you around....
[10:56] {larisa} dino, thanks for RIMM alert, scalped breakdown
[10:57] {larisa} vad, ty for CAT call earlier, scalped it too :)  { to be fair}
[10:57] {Threei}  welcome but don't worry... unfair is fine with me
[10:57] {larisa} good :)
[10:58] {cosmo} sounds fair
[10:58] {ese} q's full..... avg .72 and whatever that goofy fraction is
[10:58] {Threei}  world works thank to unfair
[10:58] {vint} Vad- how much is trail stop for ADBE?
[10:59] {Threei}  to under .20 to be strict... to .15 to give it a little room
[10:59] {vint} I've .10 = atr
[10:59] {vint} k, got it
[10:59] {Threei}  hmm?
[10:59] {Threei}  what does atr have to do with it?
[11:00] {Threei}  you set or trail stops based on it?
[11:00] {vint} actually yes..and i get stopped out frequently
[11:00] {Threei}  no way
[11:01] {Threei}  this is mistaken way to approach it
[11:01] {buyemsellem} what is ATR?
[11:01] {Threei}  average true range
[11:01] {vint} Vad- how do u approach TS?
[11:02] {Threei}  what's TS?
[11:02] {larisa} lol
[11:02] {vint} trail stop, sorry
[11:02] {ese} ack ackka dak...............dak ackka  ack       magic words...from bugs bunny 
[11:02] {Threei}  ok
[11:03] {ese} suppose to help my stock go up vad...
[11:03] {Threei}  http://www.realitytrader.com/blog/2007/04/stops-why-and-how.html
[11:03] {Threei}  http://www.realitytrader.com/blog/2007/05/stops-deeper-look.html
[11:03] {ese} it may or may not work.......
[11:04] {dino} rimm interesting es
[11:04] {ese} in trial stages with those workds
[11:04] {vint} thanks vad
[11:04] {ese} words
[11:04] {Threei}  those couple artuicles describe the concept
[11:04] {ese} tks will check that out
[11:05] {ese} what are ya thinkin dino
[11:07] {magoo} chridssakes trade..hitt rimm off dino .54 out .86
[11:07] {dino} think i was too low at .25\
[11:07] {ese} rimm would have made nice bounce dino
[11:07] {Threei}  nice
[11:07] {dino} now thinking retest of .50 area
[11:07] {magoo} u dedicate a blog yet?
[11:07] {magoo} too fast to call
[11:08] {magoo} less than 2 minutes
[11:10] {magoo} like aapl long
[11:10] {magoo} risky
[11:11] {wulff} allready there
[11:11] {magoo} needs mkt
[11:12] {wulff} im waiting
[11:12] {wulff} or it is the market
[11:14] {cosmo} HIG needs to hold 12.70    imho
[11:15] {magoo} mkt killed aapl
[11:15] {wulff} yup. 
[11:16] {ese} q's stopped .59
[11:16] {ese} -.12 approx
[11:21] {nemo} dcc Vad
[11:31] {dino} vz sm l .75
[11:32] {dino} atmi spike
[11:37] {magoo} feels like mkts powering up as vad mentioned
[11:37] {magoo} someone wake vad
[11:40] {dino} please don't
[11:40] {magoo} ya gotta kick the russian bear to wake him
[11:40] {wulff} scalped HIG
[11:42] {wulff} none too soon
[11:47] {Threei} Long Setup:  RIMM  .15 half lot if stays above 48
[11:55] {Threei}  yawn
[11:59] {larisa} 3.5 days weekend is better than 3, see you tuesday guys :) still think no rally, but hope we will get one :) 
[11:59] {Threei}  have a good one larisa
[11:59] {larisa} you too
[12:04] {magoo} bye larisa
[12:04] {Threei}  US HOUSE SPEAKER PELOSI: VIABILITY PLANS FOR AUTOMAKERS NEED TO ASSES LONG TERM VIABILITY AND FORECAST MARKET SIZE
[12:05] {nemo} "ASSES"
[12:05] {Threei}  don'tshoot the messenger...
[12:05] {nemo} just assking
[12:06] {Threei}  there is some incredibly irritating quality about that woman...
[12:06] {KSystems} no trading at all on monday?
[12:06] {magoo} agree
[12:06] {nemo} can't understand normal thinking
[12:07] {Threei}  no ks
[12:07] {KSystems} damn
[12:07] {magoo} cant spell either lol
[12:09] {magoo} rimm
[12:15] {magoo} in
[12:16] {Threei}  why not wait for pullback first... we have no serious strength anywhere yet
[12:23] {magoo} thought i saw strength actually
[12:24] {magoo} aapl was moving up
[12:24] {Threei}  just a little bounce within BBs at the moment... notthing earth9shuttering
[12:24] {Threei}  not really breakout conditions
[12:25] {nemo} still got the 'ally feeling, vad?
[12:25] {magoo} u are correct..just andswering yourv?
[12:25] {Threei}  yes... sneaky one
[12:25] {nemo} fits your nature
[12:25] {Threei}  plenty of shakeouts before real deal starts
[12:25] {Threei}  just as yesteday
[12:28] {dino}  pcln
[12:33] {pita} gotta go - happy hunting...
[12:33] {Threei}  have a good long weekend pita
[12:33] {magoo} man.whole room cuting out vad
[12:33] {magoo} bye pita
[12:44] {Threei}  CAT
[12:44] {Threei}  ISSUES CEO STATEMENT ON US STIMULUS PACKAGE, AGREES WILL BE BENEFICIAL TO ECONOMY, CAT PRODUCTS
[12:44] {Threei}  - CEO" "As I indicated yesterday, the President and I fundamentally agree that the U.S. stimulus package will be beneficial to the U.S. economy and should spur demand for the types of products made by Caterpillar. The passage of significant stimulus packages in the United States and abroad would help move the global economy toward a recovery, and if these packages are enacted quickly, they could stimulate demand for our products that would likely, over time, provide Caterpillar the opportunity to recall employees who have been laid off during this downturn. We know this won''t happen overnight, but I am confident that swift passage of the stimulus will lay the important groundwork to rebuild our workforce,"
[12:45] {magoo} 78 down..its time.....this mkt blows
[12:46] {Threei}  I am about to cry here... 4 calls, 4 wins
[12:46] {Threei}  what is it you expect?? :)
[12:46] {nemo} 4 calls......an hour
[12:46] {Threei}  suffering comes from expectations that are not grounded in reality
[12:47] {nemo} crissakes it's still lunchtime
[12:47] {nemo} speaking of RIMM?
[12:47] {ese} mags.....your my market indicator man!!!!!
[12:47] {ese} I always wait for your calls
[12:48] {ese} I'm selling everything right now indiscriminatly!!!!
06[12:49] * Threei slaps magoo around a bit with a large list of correct expectations
[12:50] {dino} magoo is trademarking that
[12:51] {nemo} you can't trademark it...you can copyright it though.
[12:52] {dino} tough crowd
[12:52] {nemo} Go to Cambridge if you want sympathy
[12:52] {Threei}  just heavy eyelids dino
[12:54] {Threei}  noises from Washington show that bill is going to be a real squeaker
[12:54] {Threei}  see CAT?
[13:09] {dino} gaparino complaining about gs meeting this week. guys' an idiot, like investment bankers are not supposed to have "private" meetings, invitation only
[13:10] {Threei}  nah... cameras must be everywhere
[13:10] {dino} getting the spitzer complex
[13:10] {Threei}  and mikes
[13:10] {Threei}  you sneeze - public has right to know
[13:10] {dino} have to get hank greenberg to set up the hooker sting
[13:12] {Threei}  US OFFICIAL: US MAY ADJUST DEVELOPMENT OF MISSILE SHIELD IF RUSSIA ASSISTS NEGOTIATIONS WITH IRAN
[13:14] {buyemsellem} hmm, what would the adjustment be...leave a window open for missiles from Russia?
[13:14] {dino} not armimng them, lol
[13:15] {Threei}  Kennedy is out, so bill is hanging on exat number of votes
[13:15] {Threei}  any single vote nay among those who are expected to vote yay, and it's failed
[13:16] {Threei}  this is what spookes the market, IMO
[13:17] {nemo} are they voting now?
[13:17] {Threei}  no, talking
[13:17] {Threei}  expected later today
[13:17] {cujo} they are always talking, just never saying much.
[13:17] {nemo} then the market would seem unlikely to do anything until the vote...caveats included
[13:18] {Threei}  enormous pressure on those 3 reps, plus some of dems are complaining they haven't had enough time to read it through
[13:18] {magoo} mkt spike
[13:18] {Threei}  ok, let's watch if this is it
[13:18] {cujo} something happening
[13:18] {Threei}  shallow pullback anfd another spike will be a good signal
[13:18] {Threei}  that's how it started yesterday
[13:21] {Threei}  FAS .16 long
[13:21] {Threei}  HIG .50 long
[13:22] {Threei}  just listing those triggers to keep in mind if this is the start of rally
[13:23] {Threei}  problem with these sneaky rallies is their sneakiness
[13:24] {Threei}  hard to tell whether it's for real or just another spike with immediate fallback
[13:24] {Threei}  that's why we missed it yesterday
[13:24] {Threei}  too many spikes got smacked down, how do you tell the one that continues
[13:25] {Threei}  but any new high now after pause has serious chance to repeat yesterday
[13:25] {ese} outta here for the weekend all...see ya monday
[13:25] {Threei}  take care ese
[13:25] {ese} see ya vad
[13:26] {Threei}  live from washington
[13:26] {Threei}  Pelosi
[13:27] {Threei}  here we go, next spike
[13:30] {Threei}  FAS half out
[13:30] {magoo} and those who missed yesterdays will not qwant to miss todays......causing more force
[13:30] {Threei}  right
[13:31] {Threei}  HIG stop under .40
[13:32] {nemo} no volume on this FAS run
[13:32] {Threei}  up iover 1:1
[13:33] {Threei}  just take half out and let it trade
[13:35] {nemo} re load if it gets to .15?
[13:35] {Threei}  support is .10
[13:35] {Threei}  if it drops there, pauses and starts strengthening, I'd rather buy there
[13:36] {Threei}  if loses .10, let it be
[13:36] {Threei}  HIG no worky
[13:39] {Threei}  now, sell half that you bought back near .10
[13:39] {Threei}  keep original half
[13:39] {nemo} ty
[13:40] {Threei}  stop is still under .10 for original one
[13:40] {Threei}  and you secured profit from two halves
[13:41] {Threei}  whatever happens, you can't lose on this trade anymore
[13:42] {nemo} as long as the machine doesn't crap out in the middle...that plane loooks.....
[13:42] {nemo} buy back at .10 or too many times to the well
[13:42] {Threei}  nah, this time is questionable
[13:42] {Threei}  I wouldn't
[13:42] {nemo} volume really drying up
[13:43] {Threei}  major reason is,
[13:43] {Threei}  market does not behave as it did yesterday after first two steps up
[13:43] {Threei}  yesetrday third and all consuenquent ones followed wirth blistering speed
[13:44] {Threei}  this pause is way too long,
[13:44] {Threei}  which will give participants looking for repeat a pause
[13:44] {nemo} oh well
[13:44] {Threei}  if it resumes, you still have your original half
[13:44] {Threei}  and that's what we kept it for
[13:44] {Threei}  but no need to increase risk
[13:44] {Threei}  WHITE HOUSE: PRES OBAMA TO MAKE ANNOUNCEMENT ON HOME FORECLOSURES WEDNESDAY, FEB 18
[13:45] {Threei}  here we go
[13:45] {Threei}  that's next catalyst
[13:45] {Threei}  frikin HIG
[13:45] {Threei}  shakeout
[13:46] {wulff} still in
[13:46] {Threei}  1/4 more out
[13:46] {Threei}  above .30
[13:47] {Threei}  stop to b/e
[13:48] {Threei}  and let it trade
[13:48] {cujo} s RIMM .96
[13:49] {Threei}  offer last portion FAS somewhere between .40 and .50
[13:49] {cujo} stpd -.09
[13:49] {Threei}  I am out .44
[13:50] {Threei}  now, don't tell me it wasn't payed to perfection
[13:50] {nemo} Magoo?
[13:50] {vint} out .43
06[13:50] * Threei slaps magoo around a bit with a large roll of cash
[13:51] {Threei}  I wish HIG didn't shake us out before working
[13:51] {Threei}  but heck
[13:51] {cujo} y
[13:51] {cujo} same here... :(
[13:51] {Threei}  10 cents stop on HIG, over 30 cents profit on FAS
[13:52] {vint} vad- ADBE breaking up?
[13:52] {Threei}  ugh
[13:52] {dino} 100 pts roughly in what, 5 minutes
[13:53] {Threei}  straight line from under 20.90
[13:53] {Threei}  need pullback or at least consolidation
[13:53] {wulff} chose Hig instead of FAs 
[13:53] {vint} got it,thx
[13:53] {Threei}  why chose?
[13:53] {Threei}  both were in play
[13:53] {cujo} i just missed FAS
[13:54] {Threei}  it gave a lot of time
[13:54] {wulff} could only concentrate on one
[13:54] {cujo} didn't want to chase it... 
[13:54] {Threei}  it even returned back
[13:54] {Threei}  twice
[13:55] {wulff} smart ,not smart---learned, learning
[13:56] {Threei}  well... here is a lesson to learn: smart ain't got nothing to do with it
[13:56] {Threei}  focused and disciplined does
[13:56] {wulff} still +.18 in HIG
[13:57] {wulff} $ is $
[13:57] {Threei}  certainly
[13:59] {wulff} my lot of HIG was broken into 13 parts!
[13:59] {Threei}  lol
[13:59] {wulff} one was 2 shares
[13:59] {Threei}  some big spender was buying from you
[14:03] {Threei}  magoo, are you awake?
[14:06] {Threei}  LOL
[14:06] {Threei}  White House
[14:06] {Threei}  - Warns against 'unreasonable expectations' on housing plan
[14:06] {Threei}  - no details issued at this time
[14:06] {Threei}  they learned their lesson eh
[14:06] {nemo} well that explains that drop in fas
[14:07] {Threei}  yup
[14:12] {dino} Dino's Office Announcement
[14:12] {dino} - Perhaps things will get better.
[14:12] {dino} Market spikes 100 pts
[14:15] {dino} market drop attributed to
[14:15] {dino} [12:45] {magoo} 78 down..its time.....this mkt blows
[14:15] {Threei}  lol
[14:20] {Threei}  US HOUSE OF REPRESENTATIVES PASSES THE COMPROMISE STIMULUS BILL, AS EXPECTED
[14:21] {Threei}  Time still remaining on vote
[14:22] {Threei}  - Vote as it stands is 243-180
[14:25] {magoo} mkt still red..still blows imo
06[14:25] * Threei removes himself in a very very remote monastery
[14:25] {dino} the bill blows
[14:25] {Threei}  (as of now no republicans have voted for stimulus, 7 Dems have voted against the bill)
[14:26] {Threei}  Seante is going to vote later in the evening
[14:32] {Threei}  IMF WARNS DEVELOPING MARKETS LACK THE RESOURCES TO BAIL OUT FINANCIAL SECTOR
[14:33] {Threei}  what resources
[14:33] {Threei}  don't they have printing presses like everybody else
[14:33] {patience} maybe they have honest politicians?
[14:34] {Threei}  now, that's a thought I need 10 minutes to recover from
[14:34] {patience} kidding, just kidding
[14:34] {Threei}  I mean, laughter than sends you on the floor in convulsion
[14:34] {wulff} anyone dare hold longs over the  weekend?
[14:34] {Threei}  why?
[14:35] {wulff} cheap thrills
[14:35] {nemo} He wants an ulcer
[14:35] {Threei}  could be not so cheap, lol
[14:35] {Threei}  btw, same goes for short
[14:36] {magoo} hold ovrer weekend..u got a death wish? better luck picking bar fight w/charles bronson
[14:36] {Threei}  or trying to take beer from magoo or bacon from me
[14:38] {patience} i am a confirmed idiot.  been buying this week and will next week
[14:38] {patience} swing trades though
[14:38] {Threei}  buying what?
[14:38] {patience} mostly commodities
[14:39] {magoo} if yu can log into proper mirc room u got this idiot beat
[14:40] {Threei}  RIMM picking up steam
[14:40] {magoo} not in tho
[14:40] {magoo} were entry
[14:45] {magoo} were=wheres
[14:46] {magoo} tricky last hour...will we go nuts like yesterday or sell off since 3 day weekend..
[14:46] {cujo} in .27 rimm
[14:47] {cujo} out +.10
[14:47] {Threei}  BAC
[14:47] {Threei}  REPORTEDLY SPLITS CORPORATE AND INVESTMENT BANKS - UNCONFIRMED REPORT
[14:49] {wulff} vad do you make more money in conjunction with market strength or doesn't matter?
[14:49] {wulff} in general
[14:49] {Threei}  well, bull markets are easier and generally more fun
[14:49] {wulff} course
[14:50] {Threei}  but today is anything but bull, and we are 5 for 6
[14:53] {wulff} seem to have done well since at least november
[14:54] {wulff} shorts are nervous
[14:55] {Threei}  not that longs are calm and confident... :)
[14:56] {wulff} just a few weeks of the 90's would be nice
[14:56] {Threei}  it's coming
[14:57] {wulff} figure if you can make $ here, then...its got to be easier
[14:57] {Threei}  totally
[14:59] {Threei}  this market is tremendous learning opportunity
[14:59] {Threei}  you can trade this, you can trade anything
[14:59] {nemo} great for changing your hair color too
[15:00] {Threei}  nemo = magoo's twin I suspect {G}
[15:00] {nemo} No...I saw pictures of Magoo
[15:00] {Threei}  seriously guys, what kind of expectations do you have?
[15:01] {Threei}  let me suggest you mental experiement
[15:01] {nemo} NONE
[15:01] {Threei}  go over today's calls,
[15:01] {magoo} i expect to make big bux everyday
[15:01] {nemo} you get big bucks in the fall, mags.
[15:01] {Threei}  imagine you took each and every of them and emulated my exits to the cent
[15:01] {Threei}  took 1000 shares on each
[15:01] {Threei}  how much would you be up today?
[15:02] {nemo} Lunch Money at The Four Seasons?
[15:03] {nemo} don't forget the double in FAS
[15:08] {Threei}  HIG
[15:08] {Threei}  TICKING HIGHER ON TAKEOVER CHATTER CIRCULATING
[15:08] {Threei}  - Allianz rumored as potential acquire
[15:10] {dptl} have a good long weekend all....see ya tue....:)
[15:10] {Threei}  take care dpo, have a good weekend
[15:10] {magoo} bye dp
[15:11] {dptl} oh...and happy Valentines......lol
[15:11] {Threei}  ummm
06[15:12] * Threei slaps dptl around a bit with a large bouqet of roses 0 each with nice spiky thorn
[15:12] {dptl} lol
[15:13] {Threei}  FAS is coming into bounce scalp zone
[15:13] {nemo} half lot or full
[15:13] {Threei}  from under 8 desirably
[15:13] {Threei}  full
[15:14] {Threei}  want to see it diving under 8,
[15:14] {Threei}  pausing,. not losing 8.90
[15:14] {Threei}  consolidating a little
[15:14] {Threei}  then breaking 8 again
[15:14] {Threei}  not losing 7.90 that was
[15:18] {vint} looks like we missed fas
[15:18] {Threei}  yup
[15:20] {pita} still valid on dive below 8?
[15:21] {Threei}  yes, not much changed so far
[15:22] {wulff} ok corral market
[15:28] {wulff} good example of capitulation in PCLN
[15:34] {Threei}  feels like pullback and then one last thrust upward
[15:34] {Threei}  let's try to catch it
[15:35] {Threei}  FAS around .15 - .20, RIMM around .50
[15:36] {Threei}  SEN MAJORITY LEADER REID: SENATE VOTE ON STIMULUS TO BEGIN AT 5:30PMET
[15:37] {Threei}  took .21 FAS
[15:38] {Threei}  RIMM is not pulling far
[15:39] {cujo} in .21 as well
[15:40] {Threei}  tough fight here
[15:40] {Threei}  stop under .10
[15:41] {cujo} scalped 1/2 at .27
[15:41] {cujo} waiting on 2nd half
[15:41] {Threei}  good idea
[15:42] {Threei}  out half too
[15:43] {Threei}  stop to .15
[15:43] {cujo} k
[15:43] {pita} courage lacking - got small piece - TY
[15:44] {Threei}  sure
[15:48] {Threei}  DEALER SAYS CHRYSLER HAS HIT ITS FEB ORDER GOAL
[15:48] {cujo} some sellinh in RIG
[15:48] {Threei}  one dealer sold one car I guess?
[15:51] {Threei}  so, let's meet tomorrow after bill vote and trade something?
[15:51] {Threei}  baseball cards?
[15:52] {Threei}  US AUTO PARTS SUPPLIERS HAVE REPORTEDLY SUBMITTED THEIR REQUEST TO THE US TREASURY FOR AID
[15:54] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[15:57] {Threei}  10 min more, we would get once more scalp out of FAS
[15:57] {nemo} Reality says you don't have 10 minutes :)
[15:57] {Threei}  nope
[15:57] {nemo} Vodka calling....
[15:58] {Threei}  CEDC you mean
[15:58] {magoo} answetr
[15:58] {nemo} DIAGIO
[15:58] {Threei}  overall, market says:
[15:58] {pita} about to get dive under 8
[15:58] {Threei}  I don't think your bill will pass... or I don't think it's a good bill
[15:58] {Threei}  or both
[15:58] {dino} out vz -.09
[15:59] {Threei}  wow
[15:59] {wulff} later all
[15:59] {Threei}  nice dump
[15:59] {Threei}  ok guys
[15:59] {Threei}  thank you all
[16:00] {cujo} have a good weekend. 
[16:00] {nemo} buhbye!!!
[16:00] {Threei}  have a good relaaxing long weekend,
[16:00] {pita} good wknd all
[16:00] {Threei}  see you all on Tuesday,
[16:00] {magoo} ty vad
[16:00] {Threei}  and if bill passes
[16:00] {Threei}  let's greet each other as comprades on Tuesday morning
[16:00] {nemo} edengi bili
[16:00] {Threei}  "take care comrade magoo" - has a nice ring to it, don';t you think
[16:01] {magoo} indeed comrade vad
[16:01] {magoo} yours rhimes
06[16:01] * Threei slaps magoo around a bit with a large Manifesto of Communist Party
06[16:01] * nemo slaps magoo around with Das Kapital
[16:01] {magoo} oy..required reading over weekend
[16:02] {dawg} ty Vad adn all
[16:03] {dino} not a good close
[16:03] {patience} shopping time in the markets dino

Thursday, February 12, 2009

Feb 12 2009

What a day. Can't say we exploited it to the fullest, this last hour rally wasn't easy to read by any means and even harder to chase after seeing all bounces being sold throughout the day. Still, almost all trades worked, and swing trade on PALM hit its $9 target. No complaints.

Session Time: Thu Feb 12 00:00:00 2009

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:10] {Threei}  - Expectations for initial claims are 610K v prior release of 626K (range seen from 510K to 650K)
[08:10] {Threei}  - Continuing claims seen at 4.800M v prior 4.788M. (range seen from 4.710M to 4.860M)
[08:13] {larisa} good morning :)
[08:13] {Threei}  BALTIC DRY BULK INDEX - 3.2%, FIRST DECLINE IN 18 SESSIONS
[08:13] {Threei}  larisa :)
[08:13] {larisa} threei :)
[08:14] {nemo} Larisa :)
[08:14] {Threei}  if DRYS dropped so much during those 18 sessions, what happens top it now, lol
[08:14] {nemo} delisting
[08:14] {larisa} gm nemo :)
[08:30] {Threei}  NITIAL JOBLESS CLAIMS: 623K V 610KE
[08:30] {Threei}  CONTINUING CLAIMS: 4.810M V 4.800ME
[08:30] {Threei}  - Prior jobless claims revised from 626K to 631K
[08:31] {Threei}  JAN ADVANCE RETAIL SALES: 1.0% V -0.8%E; LESS AUTOS: 0.9*% V -0.4%E
[08:31] {Threei}  - Prior Advance Retail Sales revised from -2.7% to -3.0%
[08:31] {Threei}  - Prior Less Autos revised from -3.1% to -3.2%
[08:33] {Onix} gm all
[08:33] {Threei}  market is hungry for any good news
[08:33] {Threei}  onix :)
[08:33] {Threei}  retail sales look unexpctedly good
[08:41] {cujo} good morning
[08:41] {Threei}  cujo :)
[08:42] {nemo} canus domesticus :)
[08:43] {cujo} morning nemo
[08:44] {_livia} good morning
[08:44] {Threei}  livia :)
[08:45] {Threei}  (FR) FRENCH PM FILLON: WILL LIKELY NOT SEE FAST ECONOMIC RECOVERY
[08:45] {Threei}  - Fears concerning French auto bailout are not founded
[08:45] {Threei}  - Loands to French carmakers will be at the market inrterest rates
[08:45] {Threei}  - None of the conditions for auto loans are protectionist
[08:45] {Threei}  - Reminder on 02/11 EU's Kroes: Recently announced French car plans are 'clear protectionist' rhetoric
[08:57] {Threei}  so far, stimulus package being pushed through is not impressing market at all
[08:57] {nemo} no look at FAS/FAZ
[08:58] {Threei}  it's help to financials that market is very sensitive to
[08:58] {dino} gm all
[08:58] {Threei}  dino :)
[09:03] {pita} gm everyone
[09:03] {Threei}  pita :)
[09:03] {cujo} g'morning pita
[09:04] {pita} hey cujo
[09:08] {tomg} good morning all
[09:08] {Threei}  tom :)
[09:08] {Threei}  APOL got beating
[09:08] {Threei}  dino, your kind of stock maybe
[09:09] {Threei}  thin, moves in wide ranges
[09:12] {wulff} a link to a NY Magazine article about Daytrading if things get boring. Real good
[09:12] {wulff}     http://nymag.com/news/businessfinance/53617/
[09:16] {Threei}  very much reminds me articles about day tdaing of 1990s
[09:17] {Threei}  lol
[09:17] {Threei}  technical analysis, a controversial method of prediction based on studying buying and selling patterns.
[09:17] {Threei}  what is so controversial about that?
[09:18] {Threei}  FAS is back into yesterday's low
[09:18] {wulff} populace is oblivious
[09:19] {dino}  vad, magoo has lost all type of connection to your room, please email him the info
[09:19] {Threei}  just a sec dino, let me dig it out
[09:20] {Threei}  sent
[09:20] {dino} ty
[09:21] {Threei}  oh boy
[09:21] {Threei}  one of the most useless books ever written about tyrading is getting such a respectful reference:
[09:21] {Threei}  Even Burton Malkiel, the Princeton economist who wrote the 1973 best seller A Random Walk Down Wall Street, which argued that technical analysis is a bogus method of prediction, admits that its a strategy that seems to be working now.
[09:21] {Threei}  even?
[09:21] {Threei}  lol
[09:22] {fernp} Hello everybody
[09:22] {Threei}  fern :)
[09:22] {_bobv} hi
[09:22] {Threei}  bobv :)
[09:23] {Threei}  be back in 5
[09:23] {magoo} SIGH...
[09:24] {magoo} back in old style room
[09:24] {dino} apol done on cpla earnings, maybe?gap around 77-78
[09:24] {magoo} my shortcut icon is no longer valid
[09:26] {_bobv} seems today will be an interesting day, futures lower
[09:27] {nemo} did you move any files in your file manager mags?
[09:27] {dptl} good morning all
[09:28] {Threei}  magoo, dp :)
[09:28] {_bobv} gm
[09:29] {Threei}  RIMM is getting sold again
[09:31] {Threei} Short Setup: HIG  .70 break half lot if stays below .90
[09:33] {magoo} man, missed it and was ready
[09:33] {dino} big opening gaps 
[09:33] {Threei}  cover half or scalp
[09:33] {wulff} missed
[09:33] {fernp} too fast. missed
[09:33] {nemo} me too
[09:33] {Threei}  cover in full here who got it
[09:33] {tomg} ty vad
[09:33] {nemo} would have been NIiiiiceeeee
[09:33] {Threei}  tom :)
[09:33] {cujo} very nice
[09:34] {cujo} in .68 out 1/3 .40 1/3 .35 1/3 .34
[09:34] {dino} rimm upgrade
[09:34] {_bobv} gj
[09:35] {dino} nice guys
[09:35] {nemo} upgrade?  surprise...not...up $2
[09:36] {dino} feb lows ndx 1167, s/p 812
[09:36] {dino} dji broke them
[09:37] {wulff} XLF l .98
[09:38] {Threei}  REPORTEDLY RUSSIAN AUTO-MAKER GAZ FAILS TO MEET DEBT OBLIGATION ON ROUBLE DEMONINATED PUT BOND
[09:40] {dino} auto business sucks everywhere but china it seems
[09:40] {Threei}  NFLX, try to bid small shares .75
[09:40] {ese} morning
[09:41] {Threei}  stop under .50
[09:41] {Threei}  ese :)
[09:42] {dino} lod's
[09:43] {wulff} .65
[09:43] {dino} watching apol, fdo, dltr, emr, mcd, wmt
[09:44] {dino} darn apol, wanted hi 75s
[09:45] {Threei}  feel free to exit NFLX here
[09:45] {tomg} ty vad :)
[09:45] {Threei}  welcome
[09:46] {dino} memories..."that smell" on
[09:46] {pita} ty, got small piece
[09:46] {Threei}  pita :)
[09:46] {wulff} NFLX +.33
[09:46] {Threei}  cool beans
[09:46] {Threei}  easy money
[09:47] {Threei}  rarity these days
[09:47] {wulff} very
[09:47] {Threei}  (US) CONGRESSIONAL AIDE: VOTE ON STIMULUS BILL IN HOUSE NOT LIKELY UNTIL FRIDAY
[09:48] {Threei}  STEM CELL NAMES TRADING HIGHER AFTER REPORT PUBLISHED ON A STEM CELL SURGERY LEADING TO FREE A MAN FROM HIV
[09:48] {Threei}  - Report was published in the New England Journal of Medicine on Wednesday
[09:48] {Threei}  - The case was first reported in November
[09:48] {dino} and fri. they push it until tues (mon. holiday)
[09:48] {Threei}  GERN jumped on that
[09:48] {Threei}  don't chase
[09:48] {Threei}  GERN is heavy pullback stock
[09:49] {tomg} asia on pb vad?
[09:51] {Threei}  11.40 is nearest support... next is 11.20... let's observe how it behaves as it donticks to it
[09:51] {Threei}  02/11/09 04:24pm
[09:51] {Threei}  [ASIA] AsiaInfo Holdings, Inc. Reports Q4 $0.23 v $0.16e, R $53.7M v $49.1Me
[09:51] {Threei}  - Guides Q1 EPS $0.12-0.13 v $0.11e
[09:51] {dino} steppib=ng back
[09:51] {dino} stepping
[09:52] {fernp} cover XL +.20
[09:52] {Threei}  nice one fern
[09:52] {fernp} ty
[09:52] {dino} axys, rimm afam  appl green
[09:53] {Threei}  don't be in a rush to buy it here tom
[09:53] {Threei}  it's a treacherous stock
[09:53] {tomg} ok
[09:53] {dino} uh oh, feels bad
[09:53] {Threei}  failed first support with not so much as pause
[09:54] {Threei}  FAS
[09:54] {Threei}  watch for double bottom
[09:54] {Threei}  8 support
[09:55] {Threei}  if holding it, 8.11 long, semi-aggressive entry
[09:55] {Threei}  looks to fail rather though
[09:56] {dino} .
[09:56] {Threei}  yup, lost 8
[09:59] {patience} good morning RT  :)
[09:59] {Threei}  patience :)
[10:00] {Threei}  DEC BUSINESS INVENTORIES: -1.3% V -0.9%E
[10:01] {Threei}  how do ytou spell ugly?
[10:01] {dino} w/ capital letters
[10:02] {dino} under the obama takes over levels
[10:06] {tomg} fas?
[10:07] {Threei}  can't tell tom
[10:08] {tomg} ty
[10:08] {Threei}  best way to play it that I see is to try to get it as close to 8 as you can get with 7.95 stop
[10:08] {tomg} ok
[10:09] {dino} off 7% since monday highs
[10:12] {dino} afam, rimm, ms, axys green
[10:15] {nemo} see oil?  Somethin' ain't right.  Reminds me of the gold market for the last couple of months
[10:15] {Threei}  why is it not right?
[10:16] {nemo} dropped that much since yesterday?
[10:17] {Threei}  market is down... oil is moving with market lately
[10:17] {nemo} this is reminding me of what happened in reverse.  I look at gas prices and their movements aren't correlated with oil.
[10:17] {Threei}  with some divergencies here and there
[10:18] {Threei}  no, gas styarted its own life to a degree
[10:18] {nemo} Retail prices are going up 3-8 cents a week
[10:20] {Threei}  watching GG for long
[10:21] {dino} woring off higher inventory prices
[10:21] {dino} woking
[10:21] {dino} working
[10:21] {dino} i can't type
[10:22] {Threei}  as if anyone can
[10:22] {nemo} 110 words a minute
[10:22] {larisa} i can, correct way is wokring
[10:22] {Threei}  lol
[10:22] {dino} lol
[10:22] {Threei}  and notice, in my "lol" I confused first and second Ls
[10:23] {nemo} yeah, suppose to capitalize
[10:23] {Threei}  GG feels to me like setting up for a big move
[10:23] {Threei}  but finding entry onit is tricky
[10:23] {dino} bios holding fairly well
[10:24] {Threei}  SENATOR DODD: CREDIT CARD PRACTICES UNFAIR
[10:24] {Threei}  {MA V}
[10:25] {dino} rimm 50
[10:26] {Threei}  SENATOR DODD: CREDIT CARD COMPANY PRACTICES UNFAIR, COMPANIES WILL NOT BE ALLOWED TO "BILK" CUSTOMERS ANY LONGER
[10:26] {dino} think its more banks than v ma
[10:26] {magoo} UUUUUUUUUUUUGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG
[10:27] {nemo} lllllllllllllllyyyyyyyyyyyyyyyyyyyy
[10:27] {magoo} how do i make thids room window sytay on top as i look at other windows anyone?
[10:28] {ese} bstop QQQQ .00
[10:28] {magoo} its a setting..cant remember it
[10:28] {Threei}  RIMM is trying to form C&H
[10:29] {magoo} K..nemo..vad???
[10:29] {Threei}  I know for mirc mags, not for mibbit
[10:29] {ese} full lot
[10:29] {ese} l QQQQ
[10:30] {magoo} ok
[10:31] {fernp} keep on top utility. magoo. http://www.delayedreaction.com/freestuff/keepontop.zip
[10:31] {KSystems} thanks fern
[10:31] {KSystems} you need third-party software magoo, as mibbit cant do it by itself
[10:31] {fernp} :)
[10:31] {magoo} i need to download that?
[10:31] {fernp} yes
[10:32] {magoo} then what?
[10:32] {dino} watching apol, as cpla pushes higher
[10:32] {fernp} select mibbit window from the list
[10:33] {ese} dino are you in cpla....been watching that most of the morning
[10:34] {ese} thought long at 55.50  but didn't do it
[10:34] {ese} up 3 bill from there now
[10:34] {ese} was juuusssst a little tooo thin for my liking
[10:34] {dino} no unfortunately, using as tell for apol
[10:34] {magoo} i have to buy it it saysn
[10:34] {dino} 79.75 waiting
[10:35] {Threei} Long Setup:  RIMM  50 break half lot
[10:35] {Threei}  if stays above .80
[10:35] {magoo} says i need to purchase UnzipWizard..sound correct to u?
[10:35] {ese} if the q's go though 30    i'm thinkin up for the rest of the day....
[10:36] {fernp} no. it is free
[10:36] {magoo} not that link
[10:36] {wulff} plug the market back in
[10:37] {fernp} use this and click on "external mirror 1" http://www.softpedia.com/progDownload/Keep-On-Top-Download-67817.html
[10:37] {fernp} just downloaded and working fine
[10:38] {dino} magoo's gremlins will not allow it
[10:43] {magoo} .
[10:46] {Threei}  great... sharp spikes out of nowhere started
[10:46] {Threei}  next is big red bar I assume
[10:46] {magoo} am i here/been bumpred so many times
[10:46] {Threei}  yes mags
[10:46] {magoo} ty
[10:46] {magoo} i know i shouldnt have cursed the trading gods last nite
[10:47] {nemo} oh jeez...gotta' go make a sacrifice
[10:48] {magoo} maximus...i will sacrifice a 100 bulls {for the bull mkt 'ally guys}
[10:49] {nemo} boy, that's a lot of bs...
[10:49] {Threei}  RIMM setup is back
[10:50] {magoo} in .97 aggress
[10:51] {magoo} 'damm was watchin fas 7.90 area
[10:51] {fernp} under .80 stop?
[10:51] {Threei}  yes
[10:51] {Threei}  if triggers, not a scalp for me
[10:51] {Threei}  partial and let it trade
[10:52] {gen} gm everybody
[10:52] {dino} cyber issues
[10:52] {Threei}  gen :)
[10:52] {gen} Vad :)
[10:52] {Threei}  feels classic consolidation for a big break, just needs market help
[10:53] {dino} mcd sm l .05
[10:57] {cosmo} atvi healing
[10:58] {dino} guess apol not going to fill
[11:02] {Threei}  let's change tactic on RIMM
[11:02] {Threei}  .55 break
[11:03] {Threei}  stop .45
[11:03] {nemo} l or s?
[11:03] {nemo} I'll gather l
[11:05] {Threei}  half out
[11:05] {Threei}  or scalp if you like
[11:06] {Threei}  stop to under b/e
[11:07] {gen} thanks Vad :) +.15 RIMM
[11:07] {Threei}  :)
[11:07] {cujo} out +.15 as well.  thanks Vad. 
[11:08] {Threei}  welcome
[11:09] {cujo} nice audible Vad
[11:09] {Threei}  audible?
[11:09] {magoo} nice bioss
[11:09] {cujo} last min change of strategy in foot ball terms
[11:09] {buyemsellem} football reference, changing the play in the huddle
[11:10] {buyemsellem} by football i mean american football
[11:10] {Threei}  thanks... unfamiliar term :)
[11:10] {nemo} or at the line
[11:10] {buyemsellem} oh yeah, actually it's at the line you're right
[11:10] {nemo} yeah qb sees the defense, changes the play
[11:17] {dino} apol big pullback
[11:22] {Threei}  if market dives sharply, RIMM short on .50 break
[11:22] {Threei}  with stop above .60
[11:26] {dino} vad, did you forget what i said yesterday on rimm?
[11:26] {Threei}  remind me
[11:26] {larisa} you said 52
[11:26] {dino} indeed
[11:26] {wulff} any good ideas for my PALM target, ST?
[11:26] {magoo} powereing up here
[11:27] {Threei}  where are you long from on PALM?
[11:27] {wulff} 7.75
[11:28] {Threei}  if enough shares for partial, take half
[11:28] {wulff} 1 lot, sounds good
[11:28] {Threei}  and let it trade, with any meaningful market rebound 9 should be reachable
[11:29] {wulff} ty
[11:29] {Threei}  RIMM, 50 break is kind of lingering setup
[11:29] {Threei}  will be on and off, until finally breaks
[11:33] {Threei}  meanwhile, it looks quite scalpable on market moves
[11:33] {Threei}  as long as .50 is holding, it's bouncing from there when market helps
[11:35] {wulff} i think its over 50 in less than an hour
[11:37] {Threei}  yeah, coiling
[11:37] {ese} i'm otta here for a bit...still long Q's catch ya later
[11:37] {Threei}  take care ese
[11:38] {ese} see ya vad
[11:44] {Threei}  NQ went green
[11:47] {cujo} rimm refuses to break 50...
[11:48] {wulff} like yest.
[11:49] {magoo} if or once it does prob go to m52
[11:51] {Threei}  {RIMM} don't rush me, I do things on my own schedule
[11:55] {dino} ndx and naz are separating from general market lately, much stronger
[11:59] {nemo} So....can we blame this on Mags since he pissed off the trading gods?
[11:59] {Threei}  financials weigh on listed where they are represented much heavier
[12:00] {nemo} I wasn't looking for a rational explanation...I wanted an emotional knee-jerk response.
[12:00] {magoo} blame what? today is easier trading day
[12:00] {Threei}  I actually commented on dino
[12:00] {magoo} my GREMLINS are the gods response tio me
[12:00] {nemo} oh.....nevermind
[12:01] {magoo} btw..cramer over on site is actually pissed at naz strenght
[12:01] {magoo} he wants it to crash...hes out of touch
[12:01] {nemo} hedgies...he's blaming them
[12:02] {magoo} if Gs cant powerup...bodes bad for overall day
[12:03] {Threei}  I truly hope tou meant Qs and not some kind of Gstrings or something of that kind
[12:04] {nemo} Well, it is lunchtime...and Mags is probably...uh....eh.....web surfing
[12:04] {magoo} roflol..the latter or, um 
[12:04] {dino} afam?
[12:05] {Threei}  NIKKEI NEWS REPORTS TOYOTA TO START "WORK-SHARING" IN THE US AND UK
[12:05] {nemo} cutting hours
[12:08] {magoo} this vad will appreciate...saw a news clip of seenate hearings grilling bank execs...asked show of hands of all execs who have a private jet...HE HE they all look sheepishly at each other and slowly raise hands..everyone
[12:09] {Threei}  I hate this populism
[12:10] {Threei}  good CEO now is the one who rides the bus... bad - SUV and private jet
[12:10] {cujo} i hate Barney Frank
[12:10] {Threei}  I second that
[12:10] {nemo} Yeah...you can't explain them as productivity tools 
[12:10] {cosmo} those......banksters
[12:10] {cujo} in my opinion he is the next spitzer
[12:10] {dino}  i 3rd that
[12:11] {dino} his pets were the '92 mortgage changes and fnm, fre
[12:11] {Threei}  yup
[12:11] {Threei}  and now he is Mr Righteouus Indignation
[12:12] {dino} just wait until they find the school boy tapes
[12:17] {Threei}  wow
[12:17] {Threei}  US and Ruissian satellites collide in space
[12:17] {nemo} yeah, yesterday...
[12:17] {Threei}  just saw it
[12:17] {Threei}  do they need traffic lights up there or what
[12:18] {larisa} not enough space even in space :)
[12:18] {nemo} old russian spy sattelite and one of the Iridium...hahaha...global cellular satellites.
[12:18] {nemo} No, floating debris in orbit is a huge deal...Flecks of paint can go right through metal
[12:21] {Threei}  Iridium... now, that's name from the past
[12:21] {Threei}  symbol was IRID
[12:21] {nemo} Yeah...I was working in the industry back then.
[12:21] {Threei}  and I was trading the stock, lol
[12:21] {Threei}  PALM nice climb
[12:24] {Threei}  DJI -100, COMP practically flat
[12:24] {Threei}  some divergence
[12:24] {nemo} DJI is almost worthless...It's like that great athlete who shoulda' retired 5 years ago
[12:27] {Threei}  PALM tags the high 02/06
[12:30] {cujo} Vad, what was the set up on that NFLX from earlier?
[12:31] {Threei}  pullback into support
[12:31] {Threei}  on uotrending stock
[12:31] {cujo} thanks. 
[12:41] {Threei}  RIMM pulled back into 50
[12:42] {Threei}  see if market starts upticking from here to provide a scalp
[12:50] {magoo} .
[12:51] {magoo} need help....90 mm + how many inches exactly anyone?
[12:51] {magoo} = was equals
[12:51] {nemo} 2.54 cm to an inch 10 mm to a cm 
[12:51] {magoo} and 25mm = in inches?
[12:51] {Threei}  3.5433
[12:52] {magoo} 90mm = 3.5433 inches vad?
[12:52] {dino}  out mcd .45, +.40
[12:52] {Threei}  yes
[12:52] {cujo} nice trade dino
[12:52] {magoo} THANX
[12:52] {magoo} 25mm =?
[12:53] {larisa} what are you measuring magoo ?
[12:53] {cujo} .984 in
[12:53] {magoo} sons motocross suspension settings
[12:54] {larisa} http://www.convertunits.com/from/mm/to/inches
[12:54] {magoo} thanx cujo
[12:54] {cujo} np
[12:55] {Threei}  I don't know what I would be scared of more, that magoo answers larisa's question or sudden eartquake right under my house
[12:56] {nemo} He was heading off wise-ass comments at the pass.  I know...I was preparing one
[12:57] {magoo} neat site vad, thanx
[12:58] {magoo} she always did that to me when we were together lol
[13:09] {Threei}  yawn
[13:09] {cujo} some humor...
[13:09] {cujo} http://www.youtube.com/watch?v=WALIARHHLII&NR=1
[13:09] {nemo} just writing it made me yawn
[13:09] {nemo} watch "the smart dog" Vad
[13:10] {nemo} I used to live in SC...there' a lot of them...cute though
[13:11] {nemo} larisa dcc
[13:14] {pita} somebody waterboard me, I need to wake up...
[13:15] {pita} think I'll pick you all up later.
[13:15] {dino} sm l .60 apol
[13:17] {magoo} cramer is such a pessimst here..predicting dow 6000 or ;llowert
[13:21] {Threei}  if RIMM drops into 49 area, will be nice bounce opportunity
[13:22] {Threei}  I don't want to jump on this little bounces
[13:23] {Threei}  downtrend is fairly solid right now
[13:23] {Threei}  want nice flush
[13:23] {Threei}  look at FAS... what a misrey
[13:23] {Threei}  misery
[13:24] {Threei}  imagine what those who bet on big move on all those stimulus/TARPs feel holding FAS
[13:27] {nemo} three days of sell the news
[13:27] {Threei}  well... there was no real news to sell, lol
[13:27] {nemo} yeah...details
[13:27] {Threei}  to me, it looks different a bit
[13:27] {Threei}  market did want that news and was ready to ramp up
[13:28] {Threei}  selloff is disappoinment by absence of news
[13:28] {_bobv} I thnik the same
[13:29] {Threei}  CNBC'S GASPARINO: GOLDMAN HOSTED AN 'EMERGENCY MEETING' OVER GEITHNER PLAN, ATTENDEES DISCUSSED 'VIABILITY' OF A GEITHNER PLAN
[13:29] {Threei}  - Attendees agreed that underlying mortgages were what needed to be addressed
[13:29] {nemo} looking at FAS voulme picked up after lunch, but no capitulation
[13:29] {nemo} for whom...what's good for the country is unlikely good for Goldman
[13:30] {Threei}  yeah, I am not so sure addresing mortgages will solve anything
[13:30] {dawg} RIMM scalp .46 out .56 for chrissake small shares
[13:30] {Threei}  this becomes a new setup dawg
[13:31] {Threei}  scalp for crissake
[13:31] {dawg} yessir
[13:36] {dino}   lol
[13:37] {Threei}  here comes more serious selloff
[13:40] {nemo} we need a toilet flushing .wav file
[13:40] {Threei}  hawk, look dcc please
[13:41] {nemo} there was a computer cleaning program called "Clean up" that had one.  It made a flushing sound as it cleaned your computer
[13:42] {Threei}  DOW CUTS DIVIEND
[13:46] {Threei}  CUTS DIVIDEND 64% TO $0.15 FROM $0.42
[13:46] {Threei}  - payable April 30, 2009, to shareholders of record on March 31, 2009.
[13:46] {Threei}  - Board of Directors cited a confluence of factors, including uncertainty in the credit markets, unprecedented lower demand for chemical products, the ongoing global recession and pending business issues.
[13:46] {Threei}  - Note: This is the first time DOW has cut their dividend
[13:48] {Threei}  - Note: Dow has upheld or increased its dividend for over 385 consecutive quarters, back to 1911
[13:48] {Threei}  wow
[13:48] {dawg} RIMM for a scalp in .17 out .31 small shares
[13:49] {Threei}  chrissake setup
[13:49] {dawg} yessir
[13:51] {Threei}  GS
[13:51] {Threei}  RESPONDS TO REPORT BY CNBC'S GASPARINO: HAD A PREVIOUSLY SCHEDULED DINNER MEETING WITH CLIENTS ON FEB 10, WAS NOT A SECRET MEETING IN RESPONSE TO GEITHNER'S COMMENTS
[13:52] {Threei}  I suggest to shut down CNBC in order to provide for healthier markets
[13:52] {cujo} Personally i've moved to Bloomberg TV
[13:52] {Threei}  this is unbelievably irresponsible that some hack can move market by baseless speculations
[13:53] {cujo} worth it just to not hear Gasparino
[13:53] {cujo} aka the hack
[13:54] {Threei}  even loss of some nice-looking gals can be compensated easily if magoo shares thr sites he visits with us...
[13:56] {magoo} :)
[13:56] {magoo} vad, thouights on rest of day?
[13:58] {Threei}  up, but make it 51/49
[13:59] {Threei}  RIMM nicely bounced off 49.10
[13:59] {Threei}  not sure I want it here uinless it goes through new consolidation
[14:02] {Threei}  bounce zone again RIMM{ watch NASDAQfor guidance
[14:04] {magoo} .
[14:06] {Threei}  {--- waiting for dawg to report chrissake trade .41 - .63
[14:09] {dawg} GS bounce scalp for chrissake in .03 out .16
[14:09] {Threei}  lol
[14:09] {dawg} ).
[14:11] {Threei}  Monday is day off, right?
[14:11] {larisa} yup
[14:11] {nemo} bummer
[14:11] {patience} why?
[14:11] {Threei}  so, we have long weekend with stimulus bill most likely being signed over weekend
[14:11] {nemo} president's day
[14:11] {dptl} ye why?
[14:11] {nemo} President's Day
[14:11] {Threei}  what does it tell you about tomorrow's trading?
[14:12] {larisa} nothing
[14:12] {nemo} Don't want to get caught long
[14:12] {Threei}  larisa is right...
[14:12] {nemo} Yeah...just like the next two hours
[14:13] {larisa} I miss old good times, when smallest news moved stocks several points in right direction :)
[14:13] {Threei}  I am lost in these bill corrections
[14:13] {Threei}  reps fought it, and they were all for tax cuts,
[14:13] {Threei}  so how come compromise version prsentes less tax ioncentives?
[14:14] {nemo} Because more than 1/3 of the "working" population pays no taxes already, only fica and medicare.
[14:15] {magoo} i truly miss those continuing days when down 400 treversed to up 300
[14:15] {Threei}  what is it, nostalgy night?
[14:15] {patience} see you tomorrow guys
[14:16] {Threei}  take care patience
[14:16] {cujo} c ya
[14:16] {dino} out apol .65, +1.05
[14:16] {larisa} nice
[14:16] {dino} ty
[14:16] {Threei}  beauty
[14:16] {magoo} WOW
[14:17] {cujo} RIMM gettin near 50 again
[14:19] {dino} with cramer preaching crash, most likely we go up 300-400 pts in a day or two. he's always saying get out around 8000 and buy 8400
[14:19] {Threei}  well, you have to give it to him... he is consistent
[14:20] {cujo} Just remembering his Bear Sterns rant...
[14:20] {cujo} that was great. 
[14:20] {Threei}  so far, feels to me like solidly green day tomorrow
[14:20] {larisa} tomorrow is friday 13th too..
[14:21] {dino} of course it is larisa, of course
[14:21] {larisa} scary :)
[14:21] {Threei}  that's when we murder Freddie Kruger (sp?), right?
[14:21] {larisa} or he gets us
[14:21] {nemo} Ya' can't kill Freddy
[14:21] {Threei}  ok... Jason then
[14:22] {nemo} Na' they just resurrected him for another movie
[14:22] {dino} jason is the 13th
[14:22] {dino} kruger was funny
[14:23] {nemo} Probably when the movie comes out
[14:24] {dino} kruger was nightmare on elm street. magoo lives on elm street
[14:24] {dino} put it together...kruger is magoo
[14:24] {nemo} The walrus is Paul
[14:24] {nemo} Actually Kruger is better looking
[14:25] {dino} and dino is a flintstone
[14:26] {nemo} I liked Betty
[14:26] {dino} kruger tho, he had a sense of humor
[14:27] {Threei}  wacthing RIM... doesn't sell much with this market drop
[14:31] {Threei}  oil 34?
[14:36] {nemo} the toilet just keeps running...and running...
[14:38] {dino} watching mcd, wmt, vz, gild
[14:38] {Threei}  RIMM is bounce ready
[14:39] {Threei}  mrket uptick should jump it
[14:41] {wulff} sh HIG @ 12
[14:42] {magoo} 'what entry u want rimm.40 area?
[14:43] {Threei}  if it loses .50, likelty to dive more
[14:43] {Threei}  impossible to tell the price, pretty much will depend on market bounce
[14:44] {magoo} 201 down
[14:45] {dino} whoosh down coming imo
[14:46] {Threei}  yup
[14:46] {Threei}  that's why I am not in rush to jump on these microbounces
[14:46] {Threei}  unless you are scalping for 5-10 cents in seconds, makes no sense
[14:46] {magoo} its sad really
[14:47] {magoo} 380 down..barely bounce..200 down again
[14:47] {Threei}  it is what it is... sad markets are followed by happy markets
[14:48] {Threei}  although this year it's mor like sad markets are followed by sadder markets, lol
[14:50] {larisa} at these levels traders think we must retest lows i guess. Big mistake by Geitner. Or it was done for a reason we do not know about :)
[14:51] {Threei}  just a PR disaster IMO
[14:51] {larisa} I agree
[14:51] {Threei}  hugely built up expectations
[14:51] {Threei}  "Tim be be terrific"...
[14:51] {Threei}  will be
[14:51] {Threei}  then sizzle
[14:51] {Threei}  and no steak
[14:58] {magoo} see any short setrups if IF we going down 400?
[14:58] {Threei}  gosh... everything
[14:58] {dptl} have a good evening all
[14:58] {Threei}  take care dp
[14:58] {cujo} see ya
[14:59] {magoo} c u dp
[15:00] {Threei}  OBAMA ADMINISTRATION MAY REPORTEDLY BE CLOSE TO LOWERING COSTS FOR THOSE WITH PROBLEM LOANS - UNCONFIRMED REPORT
[15:03] {Threei}  - Plan could aim to subsidize homeowner payments after a home value has been established and the homeowner has been means tested
[15:03] {dino} cya dp
[15:06] {Threei}  PALM is totally oblivious to market selling
[15:06] {dino} {7700
[15:08] {Threei}  frikin RIMM makes these scalpable moves but they are way faster than I could alert
[15:09] {dino} fafam screwy too
[15:09] {dino} afam
[15:09] {cujo} in Palm.52
[15:09] {Threei}  US AGRICULTURE COMMITTEE APPROVES PROPOSAL FOR CFTC TO SUSPEND CDS TRADES TEMPORARILY
[15:10] {Threei}  crap
[15:10] {Threei}  this was THE bounce on RIMM
[15:10] {cujo} dough
[15:10] {nemo} bounce on everything
[15:10] {magoo} chrissake scalp..rimm .33 to .58
[15:10] {cujo} doh i mean
[15:11] {_bobv} market bounce
[15:11] {Threei}  is it this CDS news that sent market flying??
[15:11] {nemo} damn things don't trade anyway, that's one of the problems
[15:11] {magoo} time of day is all
[15:12] {Threei}  nah
[15:13] {nemo} HS!
[15:14] {_bobv} I do not know what do you think guys but seems that sp support at this levels is very strong....
[15:15] {larisa} technical analysis are so controversial..
[15:16] {cujo} calling it a day. See you all tomorrow. 
[15:16] {Threei}  take care cujo
[15:16] {cujo} c ya
[15:16] {nemo} dog
[15:17] {Threei}  cool... democratic senator on CNN: there is a role for goverment in everytyhing we do
[15:17] {magoo} bye cuj
[15:18] {nemo} which senator
[15:18] {Threei}  missed the name
[15:19] {Threei}  glich or something close to that
[15:19] {Threei}  PALM... 9 is getting closer
[15:20] {dino} i'm starting to feel that this is a govt. conspiracy to grab power in every day business
[15:21] {Threei}  9!
[15:21] {Threei}  wulff
[15:21] {magoo} holy crap palm
[15:22] {wulff} sold 1/4 8.70
[15:22] {wulff} last I held
[15:23] {Threei}  and I begged you to hold for 9...
[15:23] {wulff} I did some
[15:23] {wulff} In HIG 12.06 though
[15:23] {Threei}  I don't see any news
[15:24] {Threei}  this explosion certainly looks news-caused
[15:24] {Threei}  nothing on wires though
[15:24] {_bobv} maybe a double bottom on sp futures vad
[15:24] {dino} ppt
[15:25] {Threei}  I still feel tomorrow should be green, and nicely green
[15:25] {larisa} how nicely ? +300 ?
[15:25] {magoo} rimm 
[15:26] {_bobv} ok guys, take care..bye
[15:26] {magoo} bye bobv
[15:26] {Threei}  take care bobv
[15:27] {wulff} Out for my last palm, or hold?250
[15:27] {dino} left?
[15:27] {Threei}  IMO, out
[15:27] {nemo} Well, if know news, program trading?
[15:28] {magoo} im believer of bank it
[15:28] {nemo} know=no
[15:28] {Threei}  on PALM? don't think so
[15:28] {nemo} in general...everything popped
[15:29] {nemo} Palm stayed relatively strong all day, but jumped with everhtying els @ 3:10
[15:29] {Threei}  anyone's guess
[15:29] {Threei}  market could react on this mortgage news
[15:30] {wulff} let's take vad $ and see what happens
[15:30] {nemo} FAS just keeps going
[15:36] {Threei}  you are still in HIG wulff, or took profit?
[15:37] {wulff} half out .25 half in
[15:37] {wulff} milking it
[15:37] {Threei}  ok... looks like we are double-topping
[15:41] {nemo} I'm off...P&Q
[15:41] {larisa} bye :)
[15:41] {Threei}  wow
[15:41] {Threei}  jeez
[15:42] {dino} this market is ridiculous anymore. it swings3% in half hour
[15:42] {wulff} is it fair to say vad you know what price you want to exit on every trade, DT ST or PT?
[15:43] {Threei}  not always
[15:43] {dino} isn't the long term yearly aberage somethong like 6%? we do that every other day
[15:43] {Threei}  roughly, yes,
[15:43] {Threei}  but market action changes things
[15:43] {dino} plunge protection team stepped up today
[15:43] {wulff} as it comes then. with faster buying etc.
[15:43] {Threei}  right
[15:44] {dino} what has changed from 3:00 pm -250 to 3:45 -30?
[15:45] {magoo} time of day...3:40
[15:45] {dino} no wonder nobody wants to hold for more than minutes
[15:45] {Threei}  I gues crisis is over and economy got cured
[15:45] {Threei}  move started at 3:10 mags
[15:45] {dino} as good as any reason imo
[15:46] {magoo} yeah
[15:46] {magoo} but second volly up 3:40
[15:46] {magoo} we finish dow green ill cut my wrists with a banana
[15:47] {Threei}  ok, and I'll eat my keyboard
[15:47] {wulff} PALM out .92 last 1/4
[15:47] {dino} heck magoo, green close i buy you a beer
[15:48] {dino} s&p and ndx only. screw the worthless dji
[15:48] {magoo} ill take one with n red too
[15:48] {wulff} out HIG +.30
[15:48] {dino} gj
[15:49] {dino} man i blew it, only 2 trades today. 2 for 2, but still i should hve been all over this
[15:49] {Threei}  I dunno dino... it came out of nowhere
[15:50] {dino} yeah, but this is what i get paid for
[15:50] {Threei}  and with every bounce earlier being sold into, was not an obvious decision to buy and hold this one
[15:50] {wulff} buy and hold 2 minutes
[15:51] {magoo} shows some strong dip buyers lurking
[15:52] {wulff} hig +another .10
[15:52] {dino} gj
[15:52] {wulff} no no it, not me
[15:53] {dino} ohhh mannnn i owe 2 beers if dji goes green
[15:53] {magoo} dammit..dino ate the last banana
[15:54] {fernp} lol
[15:54] {magoo} chrissake trade again...hit rimm .50 0ut .63
[15:54] {magoo} cant post ridiculous
[15:54] {magoo} just buy..put out sell
[15:55] {magoo} vad..u need to do a blog on the chrissake play
[15:55] {Threei}  lol
[15:55] {Threei}  this was quite amazing
[15:56] {Threei}  look at FAS
[15:56] {Threei}  what a difference one hour makes
[15:56] {magoo} cramer ptrob liquidated all his followers at bottom today AGAIN
[15:56] {Threei}  well... consistency, told ya...
[15:57] {Threei}  OK guys
[15:57] {Threei}  strong green day tomorrow
[15:57] {larisa} 4 more min, i want to see you eating your keyboard!
[15:57] {Threei}  thak you all, let's have a good relxing evening
[15:57] {Threei}  I'll tape it
[15:57] {Threei}  see you tomorrow
[15:58] {fernp} good evening
[15:58] {magoo} bye boss
[15:58] {larisa} bye and you can not have a cookie in a shape of keyboard :)
[15:58] {wulff} later all
[15:58] {dino} lol on cramer magoo
[15:58] {dino} cya vadster
[15:58] {dino} and wuff
[15:58] {magoo} GOING GREEN
[15:58] {magoo} -4
[15:59] {magoo} -2
[15:59] {magoo} 1 minute
[15:59] {Threei}  no way
[15:59] {magoo} -1
06[15:59] * Threei is off to buy new keyboard, just in case
[15:59] {Threei}  downticks
[15:59] {Threei}  whew
[15:59] {magoo} GREEN NAZ
[15:59] {Threei}  -8
[15:59] {Threei}  saved by the bell
[15:59] {larisa} :(
[15:59] {dino} capitulation was by many perhaps, cramer for sure
[15:59] {Threei}  but it was close
[15:59] {magoo} and magoo bananas
[15:59] {larisa} bye all
[15:59] {magoo} WOW
[16:00] {dino} take care all...as bret michaels would say; "good times"

Wednesday, February 11, 2009

Feb 11 2009

Today took real patience. Opening was unreadable to me, then no real trades were coming along, until finally RIMM formed real setup for a nice pop, nicely beyond scalping profits. Single trade made a day, the rest was not worth mention.

Session Time: Wed Feb 11 00:00:00 2009

[07:53] {magoo} morning
[07:56] {Threei}  Good morning
[07:56] {nemo} mornin'
[07:57] {Threei}  magoo, nemo :)
[07:57] {nemo} What's new?
[07:57] {Threei}  well... how about this to start the day:
[07:58] {Threei}  (EU) EU'S BARROSO: 'ECONOMY CAPITALISM' POSES A THREAT TO THE GLOBAL ECONOMY
[07:58] {nemo} Yeah, expect to hear alot of that
[07:58] {nemo} History repeating itself
[07:59] {Threei}  and economy socialism works flawlesssly I assume
[07:59] {Threei}  USSR is the most powerful state, and Cuba prospers
[08:00] {nemo} It's all relative.  You didn't know how bad you had it...well until you found out how well the Politburo and apparatchiks lived
[08:00] {Threei}  NY AG CUOMO REPORTEDLY LAUNCHING INVESTIGATION INTO 2 BANKS ON WHETHER THE TIMING OF BONUSES 'FORCED' THE TAXPAPERS TO PROVIDE SUCH FUNDING
[08:00] {Threei}  {XLF}
[08:00] {nemo} what about xlf
[08:01] {ese} looks like a couple of ya hanging around
[08:01] {Threei}  attached at the end of the headline to indicate the headline's relation
[08:01] {Threei}  ese :)
[08:01] {nemo} how ya' feelin' ese
[08:01] {nemo} maybe it's a message from God to trade XLF today?
[08:02] {Threei}  everyone knew how those guys lived
[08:02] {ese} not good today......pain in left leg came back last night.....hard to sleep
[08:02] {Threei}  what we didn't know for a while or at least not to full extend was how West lived
[08:02] {ese} feel ok now though......now that i'm not lying down
[08:02] {Threei}  sorry to hear ese...
[08:02] {nemo} It's a process ese
[08:03] {ese} soldier on and all that.....cheree ho hip hip what ....and all that
[08:03] {Threei}  wehile to iron curtain was in pl;ace, information from the West was trickling through very sparingly
[08:04] {nemo} Yeah, I was in Germany the end of 88, and met a family who had just come from East Germany that week.  I took them around, they couldn't believe all the shops and all the goods.  It literally was like kids in a candy store
[08:04] {Threei}  yup
[08:05] {Threei}  those rare individuals who got to visit, were under strict obligation to share very little and to filter it to the ideological purposes
[08:06] {Threei}  no TV programs from the West, no papers, magazines
[08:07] {Threei}  some radio broadcasts that were scrambled by soviet authorities to the best of their abilities
[08:08] {Threei}  RIMM is hit
[08:13] {magoo} bounce play vad?
[08:13] {Threei}  as a concept yes... I don'ty see how their announcement warrants such drop
[08:14] {Threei}  what they said was, hliday sales exceeded the norm so they expewct to return to the norm
[08:14] {Threei}  only with better spelling
[08:15] {Threei}  guidance around midrange to lower end of the range
[08:15] {Threei}  is it really 6 dolars dump worthy?
[08:15] {hawkfan4} what stock?
[08:15] {Threei}  RIMM
[08:16] {hawkfan4} ah, thx
[08:16] {hawkfan4} oh yeah, good morning
[08:16] {Threei}  lol... hi
[08:21] {Threei}  .50 break mags, with stop under .30
[08:21] {Threei}  small shares of course
[08:21] {magoo} in .49
[08:22] {Threei}  not ready yet
[08:23] {magoo} yep
[08:23] {magoo} out
[08:23] {Threei}  BALTIC DRY BULK INDEX +4.1%, 17TH STRAIGHT INCREASE
[08:29] {Threei}  wow
06[08:29] * Threei is bidding $1 for RIMM
[08:30] {Threei}  at this rate I may get my fill before market open
[08:30] {Threei}  DEC TRADE BALANCE -$39.9B V -$35.7BE
[08:30] {Threei}  - Prior revised from -$40.4B to -$41.6B
[08:31] {magoo} 49.50 area vad?
[08:31] {Threei}  no idea
[08:31] {Threei}  how do you tell 49.50 from 50.50 in this thin premarket trading?
[08:34] {magoo} i cant...
[08:34] {magoo} was hoping u could
[08:35] {Threei}  if you want me to repeat for zillionth time that no technicals work during premarket... there, I said it
[08:36] {ese} missed the news on rimm....what is it
[08:36] {nemo} Oija board works great
[08:37] {Threei}  07:03am [RIMM] Reaffirms Q4 EPS $0.83-0.91 v $0.85e, R "at or near midpoint" of $3.3-3.5B v $3.4Be; Guides Q4 net adds 20% higher than the 2.9M prior forecast
[08:37] {ese} Ok   so the news is OK and it goes down.....hmmmmm yup thats normal
[08:40] {Threei}  REP. FRANK: I DO NOT THINK YOU WANT TO MOVE AWAY FROM MARK-TO-MARKET ACCOUNTING - CNBC
[08:41] {magoo} great
[08:41] {Threei}  there is no limit to the damage this guy can cause
[08:42] {Threei}  "fannie and freddie will do what I tell them to" Frank
[08:42] {Threei}  - You do not want politicians legislating accounting rules.
[08:42] {Threei}  - Looking for "flexibility" in the consequences of fair value accounting.
[08:43] {Threei}  flexibility in accounting - this sounds beyond scary
[08:43] {Threei}  DRYS ate through huge offer at .50
[08:44] {nemo} when you describe a stock that way, I envision a little pacman
[08:45] {nemo} drys
[08:45] {nemo} sorry
[08:46] {ese} ouch laris....thats gotta hurt
[08:52] {larisa} good morning :)
[08:52] {ese} morning
[08:53] {Threei}  larisa :)
[08:53] {fernp} morning all
[08:53] {ese} board didn't like you this morning
[08:53] {Threei}  fern :)
[08:53] {larisa} ese, threei :)
[08:53] {ese} fern
[08:53] {larisa} was my fault ese :)
[08:53] {dino} gm all
[08:53] {Threei}  dino :)
[08:54] {Onix} Good morning all
[08:54] {Threei}  onix :)
[08:54] {ese} onix
[08:55] {elepet} good morning
[08:55] {Threei}  elepet :)
[09:06] {Threei}  someone with deep pocket just woke up, turned computer on, fired up quotes, saw RIMM and grabbed all her could
[09:07] {magoo} how u know it was a woman?
[09:08] {cosmo} its a tradition
[09:08] {larisa} lol
[09:08] {cosmo} :)
[09:08] {Threei}  I don't... I just type he and hit r which is next to e on the keyboard
[09:08] {Threei}  or what cosmo said
[09:08] {cosmo} same thing
[09:09] {magoo} but u never hit "R" he he
[09:09] {patience} good morning RT  :)
[09:09] {Threei}  patience :)
[09:12] {KSystems} good morning!
[09:12] {Threei}  ks :)
[09:13] {_livia} good morning everybody
[09:13] {cujo} morning
[09:13] {Threei}  livia :)
[09:13] {Threei}  cujo :)
[09:13] {cujo} morning
[09:13] {Threei}  biggest question of today:
[09:14] {Threei}  was yesterday's selloff just a bervous reaction on a lack of details in Tim's plan
[09:14] {Threei}  or the market is seriously out of gas
[09:14] {Threei}  I tend to think former
[09:14] {Threei}  but let's watch it for the confirmation
[09:14] {Threei}  also, we have those bad bankers testifying today about how they wasted TARP I
[09:15] {Threei}  who knows what we hear from them
[09:15] {cosmo} banksters
[09:17] {cosmo} INSU healing  fwiw
[09:19] {cosmo} ... strong pre.mkt. technicals ....hehe
[09:19] {dptl} good morning all
[09:19] {pita} good morning troops
[09:21] {Threei}  dp, pita :)
[09:23] {Threei}  have smaller shares order prepared on RIMM in case something readable apears
[09:23] {magoo} me too
[09:24] {Threei}  so far 49.50 area has shaped up as support but opening panic could take it lower
[09:25] {Threei}  if there are a lot of MOOs pout there, they'll be taken advantage of
[09:25] {Threei}  pout = out
[09:26] {nemo} MOOs=herd cows
[09:26] {Threei}  pretty much
[09:26] {Threei}  market on open is technical definition :)
[09:26] {nemo} you'll see that reference in the book often
[09:26] {nemo} oh
[09:27] {vint} Good Morning all
[09:27] {Threei}  vint :)
[09:27] {Threei}  working assumption is so far: dive at the open on FAS and HIG, then quick rebound
[09:28] {Threei}  let's see if it materializes and if we can read the bottom
[09:28] {Threei}  don't route ARCA, laser traders
[09:28] {Threei}  use INET
[09:29] {nemo} is that Island
[09:29] {Threei}  yeah
[09:29] {Threei}  be patient, market is nervous
[09:29] {Threei}  better wait for our trades to come to us naturally than push
[09:30] {nemo} yeah, leading with my head has always hurt alot.
[09:30] {Threei}  HIG is selling
[09:31] {Threei}  wait for quick dive
[09:32] {Threei}  aslternatively, .50 break half lot, much riskier
[09:32] {_bobv} good morning
[09:32] {Threei}  bobov :)
[09:33] {Threei}  FAS sharp selling
[09:33] {Threei}  HIG too
[09:37] {nemo} Oh jeez...FAS
[09:37] {Threei}  HIG break setup is back
[09:38] {dino} sm l fdo .40
[09:39] {Threei}  FAS, quick drop under .50 for entry
[09:42] {dino} construction co. up
[09:48] {dino} rimm sm wide l .75
[09:48] {Threei}  if you took FAS on the dive to .50, half out here
[09:48] {Threei}  or just take scalp
[09:49] {dino} feels like +200 day
[09:50] {nemo} What's Larisa's opinion?
[09:50] {Threei}  feel free to take profit on HIG here if you took the break
[09:51] {Threei}  RIMM... feels like should lose 49.50
[09:51] {dino} sm dltr .65 l
[09:51] {Threei}  (FR) REPORTEDLY FRENCH GOV SEEKING TO REGULATE SALARIES OF TRADERS AND FINANCIAL OPERATORS
[09:51] {Threei}  I am not moving to France
[09:52] {Threei}  (CH) CHINESE REGULATOR: US TREASURIES REMAIN A SAVE HAVEN INVESTMENT
[09:52] {dino} obama on phone,"get me the ppt now!"
[09:52] {patience} but they're not buying anymore
[09:53] {Threei}  RIMM... one more quick leg down, and will be worth trying
[09:53] {dino} they are running out of money, hopefully they weren't buying yesterday, that would tell the tale
[09:54] {Threei}  for fast and furious only... and andrenalin-deprived
[09:54] {nemo} I'll mainline some valium
[09:54] {Threei}  closer to 49
[09:54] {Threei}  under most likely
[09:55] {Threei}  REPORTEDLY HOUSE AND SENATE MEMBERS TO MEET AT 3PM ET TO WORK ON STIMULUS PACKAGE
[09:56] {Threei}  BAC, watch for drop to 5.90 for long entry
[09:57] {Threei}  TARP BAILOUT WATCHDOG: HAS OPENED CRIMINAL INVESTIGATIONS, NOTES THAT LARGE AMOUNT OF FEDERAL BAILOUT FUNDING CREATES "CRIMINAL INCENTIVES"
[09:57] {Threei}  RIMM under 49
[09:58] {Threei}  accelerates
[09:58] {Threei}  if willing to make a few tries, get ready
[09:59] {magoo} .
[10:00] {Threei}  .50 crossback
[10:00] {Threei}  if holding .30
[10:00] {nemo} too late
[10:00] {Threei}  half out
[10:01] {Threei}  stop to under .50
[10:01] {magoo} out .90 TY
[10:01] {magoo} got 54
[10:01] {Threei}  wtg
[10:01] {cujo} nice
[10:01] {cujo} missed it :(
[10:02] {Threei}  {Threei} for fast and furious only... and andrenalin-deprived
[10:02] {Threei}  [09:54] {nemo} I'll mainline some valium
[10:02] {nemo} Guess it took effect to fast
[10:02] {cujo} yeah
[10:02] {Threei}  lol
[10:03] {larisa} does not look like capitulation still to me
[10:03] {larisa} guess i missed it :)
[10:06] {Threei}  BAC is holding well on this market dive
[10:08] {magoo} is barney bringin down the mkt jere?
[10:08] {cosmo} SVNT holds so far
[10:08] {magoo} here
[10:09] {Threei}  FAS, closer to .40 should be of interest again
[10:09] {cosmo} svnt... needs to hold .30
[10:12] {Threei}  ok... RIMM 48 break
[10:12] {magoo} in
[10:12] {cujo} in .05
[10:13] {Threei}  stop under .75 for now
[10:13] {Threei}  you remember it's a possible "multiple try" trade, right?
[10:15] {Threei}  market more weakness is holding it back
[10:15] {Threei}  by itself it's ready for a good bounce
[10:16] {nemo} after a fall like that probably needs to bounce on the bottom once or twice...then again wouldn't be the first time I was wrong today...or is that just "early" 
[10:16] {cujo} stopped
[10:16] {larisa} at least it tried to base this time
[10:17] {Threei}  it's ready
[10:17] {Threei}  just needs market to stop puking
[10:17] {Threei}  anyone took FAS under .50?
[10:23] {patience} out hgu (gold etf) +1.47
[10:25] {patience} foo, should have bought some silver wheaton as well, big move for it
[10:26] {larisa} nice patience :)
[10:27] {patience} ty, i keep thinking gold will pullback
[10:28] {dino}   dltr stopped
[10:29] {nemo} Vad, still have that RIMM bid for $1
[10:29] {magoo} this RIMM sell off is ridiculous
[10:29] {Threei}  volume starts drying up on RIMM
[10:30] {Threei}  watch market, RIMM has hard time going against it
[10:30] {Threei}  *DOE CRUDE: +4.7M V +2.6ME; GASOLINE: -2.6M V +500KE; DISTILLATES: -1M V -1.7ME;
[10:31] {nemo} what are gasoline futures doing?
[10:32] {patience} deciding
[10:32] {nemo} nice, patience...
[10:33] {patience} ok, puking
[10:33] {dino} 45 strike coming, rimm
[10:33] {dino} crazy
[10:33] {nemo} Geez what did the bankers say
[10:34] {cosmo} 'trick or treat'?
[10:34] {dino} rimm updates & raises guidance last month. analysts raise, now this month they say they will be at low end of raised guidance. so we sell it off 20%,
[10:35] {dino} anything (and everything) can happen
[10:35] {Threei}  RIMM HEARING LIGHTLY DEFENDED AT MERRILL/BOA (TIMING UNCERTAIN)
[10:35] {Threei}  lightly?
[10:35] {Threei}  not dropping with market anymore
[10:50] {Threei}  GS
[10:51] {Threei}  pullback under 93
[10:51] {Threei}  for long entry
[10:53] {Threei}  not much readable so far eh?
[10:55] {Threei}  are you all asleep?
[10:56] {cujo} tired...  but awake
[10:56] {nemo} no...just quiet
[10:56] {cujo} think i'm coming down with something... 
06[10:56] * nemo thinks Vad getting lonely
[10:57] {Threei} Long Setup:  STT  half lot .30
[10:57] {Threei}  too fast
[10:57] {nemo} yeah
[10:57] {Threei}  don't chase, watch for pullback
[10:58] {Threei}  support for a stop is .15
[11:00] {Threei}  GS is coming there
[11:02] {cujo} GS out +.20
[11:02] {cujo} thanks
[11:02] {Threei}  good reflexes
[11:02] {Threei}  OK, STT is back, watch market now
[11:03] {Threei}  stop is under .15 still, wether you chose afggressive entry or .30
[11:05] {Threei}  ECB'S STARK: PUBLIC FINANCES ARE A 'CONCERN' IN SOME MEMBER STATES, SOME EU FISCAL DEFICITS 'ALARMING'
[11:05] {Threei}  what's going on in europe...
[11:05] {Threei}  come on europians, share with us
[11:06] {nemo} your-a-peons?
[11:06] {nemo} sorry K
[11:06] {Threei}  STT lost support
[11:10] {magoo} time for my daily comment..."this market blows"
[11:11] {nemo} worthy of Charlie Gasparino
[11:11] {Threei}  for now
[11:11] {Threei}  quite a shock yesterday, still a lot of nervousness out there
[11:11] {Threei}  view it as some kind of churning
[11:12] {Threei}  just have to digest a lot of things before getting free
[11:12] {Threei}  all this bickering in Washington is not helful
[11:13] {cujo} think i'm going to pack it in for the day.  Have a good one guys.  
[11:14] {ese} blows what?
[11:14] {nemo} oh jeez are we bored?
[11:15] {Threei}  take care cujo
[11:15] {_bobv} guys, do you think maybe this is typical climax for a market bottom?
[11:15] {magoo} nope
[11:16] {magoo} im just looking foe a couple weeks BEAR mkt 'ally
[11:16] {Threei}  WSJ: WHITE AND CONGRESS ARE NEARING AGREEMENT ON A SMALLER STIMULUS PACKAGE NEAR $790B
[11:17] {Threei}  FAS, pullback into 8.70 for long entry
[11:19] {magoo} vader, any read AAPL?
[11:20] {Threei}  pullback under .50, I'd get interested... most likely .35-.40 area
[11:21] {Threei}  US TREASURY'S GEITHNER: UNDERSTANDS CONCERNS OVER LACK OF DETAIL, DOES NTO WANT TO 'RUSH PROPOSALS'
[11:21] {Threei}  no rush?? but don't we face catastrophe if we don't act TODAY?
[11:22] {_bobv} what a disaster
[11:22] {Threei}  HIG, pullback to about .50 for long entry
[11:26] {Threei}  ok, really pullback time
[11:26] {Threei}  for the world of me I can't make myself buy breakouts today
[11:29] {Threei}  US HOUSE AGRICULTURE CHAIR: CFTC SHOULD BE ABLE SUSPEND NAKED CDS SWAPS, PROVIDE REGULATORS CRIMINAL PROSECUTORIAL AUTHORITY
[11:29] {magoo} cant imagine why:)
[11:30] {magoo} out STT .75 TY
[11:30] {dino} gj
[11:30] {Threei}  what do you know... no pullbacks
[11:31] {nemo} after the slam down yesterday it doesn't want to go further
[11:33] {magoo} volume on the up spike vad....less on pullbk in Q
[11:35] {Threei}  FAS under 8.90
[11:39] {Threei}  sharper dive is coming it seems
[11:40] {Threei}  here it is
[11:40] {Threei}  FAS to about .80
[11:40] {Threei}  and HIG .60
[11:42] {dino} out fdo .84 +.44
[11:48] {Threei}  CONGRESSIONAL AIDE: ECONOMIC STIMULUS BILL TO TRIM TAX CREDIT TO $400/PERSON, 'BUY AMERICAN' UNDER REVIEW AND STILL IN NEGOTIATIONS
[11:48] {Threei}  - Sees stimulus bill at approx $790-800B
[11:48] {nemo} A congressional aide? BFD
[11:54] {Threei}  SENATE FINANCIAL BAILOUT BILL WOULD RESTRICT EXECUTIVE PAY TO $400K FOR ANY EMPLOYEE, NOT JUST TOP EXECUTIVES - WSJ
[11:56] {dino}  it's really a non-issue as options grants are unaffected
[11:59] {Threei}  WHITE HOUSE SPOKESMAN: GOOD PROGRESS IS BEING MADE ON NEGOTIATIONS OVER FINAL STIMULUS BILL
[12:00] {Threei}  feels like pullback is over and market is ready to resume upward
[12:03] {Threei}  WSJ: HOUSE MAY FORMALLY INTRODUCE COMPROMISE BILL TODAY FOR A FINAL VOTE TOMMOROW, SENATE LEADER REID TO PUSH FOR FINAL PASSAGE OVER THE WEEKEND
[12:04] {Threei}  GM
[12:04] {Threei}  TO REPORTEDLY END CERTAIN HEALTH CARE BENEFITS TO RETIREES NOW ELIGIBLE FOR MEDICARE
[12:04] {dawg} RIMM in .37 out .52  for crissake
[12:05] {Threei}  :)
[12:05] {Threei}  if my feel is right FAS should go back closer to 9
[12:05] {dawg} ).
[12:05] {dino}  gj dawg
[12:05] {dawg} ty dino
[12:06] {Threei}  in .83, stop .75
06[12:09] * Threei kicks FAS in the rear
[12:11] {Threei}  CHRYSLER REPORTEDLY IN DISCUSSIONS WITH BANKERS ABOUT A DEBT FOR EQUITY SWAP TO BE COMPLETED BEFORE FEB 17 - UNCONFIRMED REPORT
06[12:12] * Threei repeatedly kicks FAS in the rear
[12:12] {larisa} do not hurt your leg
06[12:13] * Threei kicks FAS in the rear with steel toe heavy duty army boots
[12:13] {Threei}  oops... I think I got the wrong side
[12:14] {larisa} stopped out HIG, did not take +.10. looks like no chance to get more than that today
[12:14] {Threei}  no kidding
[12:14] {Threei}  some new soundbite from somewhere
[12:15] {nemo} martians invading
[12:15] {Threei}  out FAS
[12:19] {dino} rate
[12:20] {vint} market has no direction today
[12:20] {Threei}  nope
[12:20] {Threei}  digests yesterday's shock
[12:21] {Threei}  and is pretty much lost about what's next
[12:22] {vint} will wait and watch
[12:25] {vint} Vad- could RIMM break up if mkt goes up? based on 5 mt chart
[12:26] {vint} or it will continuew prior trend-down
[12:26] {dino} indeed
[12:26] {dino} up
[12:26] {Threei}  I believe so vint
[12:27] {Threei}  market help though is fleeting thing today
[12:29] {Threei}  MOODY'S: US FINANCIAL STABILITY PROGRAM IS A 'POSITIVE' FOR US BANKS
[12:33] {pita} later all - hope mkt starts trending for you
[12:34] {Threei}  take care pita, dismal day
[12:44] {Threei}  sharp pullback RIMM
[12:44] {dino} axys blood
[12:48] {dino} risky sm l .45
[12:52] {Threei}  REPORTEDLY A MAGNITUDE 7.5 EARTHQUAKE REPORTED OFF THE COAST OF INDONESIA
[12:52] {Threei}  - Tsunami alert issued{TAYD }
[12:52] {magoo} this no bounce whartsoever in rimm blkows my mind
[12:55] {Threei}  holding well here
[12:56] {Threei}  watch for pullback entry
[12:58] {magoo} i mean..like a 4 point bnounce
[12:58] {magoo} to 51 ..52
[12:59] {Threei}  not in this market
[13:00] {Threei}  FED'S EVANS: US GDP WILL LIKELY FALL CONSIDERABLY IN THE FIRST HALF OF 2009, MAY BEGIN RISING AGAIN IN 2010
[13:01] {nemo} You mean they don't know?
[13:06] {dino}  blah, ba blah, ba blah...or as elaine would say "yada yadda"
[13:07] {Threei}  .56 RIMM long
[13:07] {vint} in .56
[13:07] {Threei}  .45 stop
[13:07] {Threei}  jeez
[13:08] {Threei}  get me out of here
[13:08] {vint} wow
06[13:08] * nemo hands Vad a 2 litre bottle of Grey Goose w/intravenous
[13:08] {Threei}  who said what where?
[13:09] {nemo} Here's a cultural reference, "Was that one lump or two?"
[13:10] {Threei}  market literally trips of itself
[13:10] {larisa} hey! 0.05 bounces DO work! :)
[13:10] {larisa} lol
[13:10] {Threei}  uhhu
[13:14] {Threei}  today I will have to side with magoo
[13:14] {Threei}  frustrating market
[13:14] {Threei}  but mags, it's a one time deal
[13:14] {magoo} vad..yesterday suk too
[13:14] {Threei}  next time I agree with you on anything is going to be in 2010
[13:14] {magoo} 2 winners in first 10 mins..thats it
[13:15] {nemo} there have definitely been more suck days since the beginning of the year.  It's averaging about 2 a week
[13:16] {nemo} Then again the other three have been killings, and, if I remember correctly...it was home run day after homerun day in the Fall
[13:16] {dptl} gonna finish on positive note...and see ya all tomorrow...have a good one all..
06[13:16] * Threei slaps dptl around a bit with a large roll of cash
[13:16] {magoo} u 2 dp
[13:16] {dptl} :)
[13:17] {Threei}  what kind of friend are you really
[13:17] {patience} this chaos has been good for my trading style
[13:17] {Threei}  we are suffering here, and he not only leaves but leaves with profit
[13:17] {nemo} Reminds me of a Steve Miller song...
[13:18] {dptl} :)
[13:21] {patience} back in hgu
[13:22] {larisa} patience, go on vacation, so chaos can stop for a while :)
[13:23] {patience} vad, take me to the bahamas please
[13:23] {larisa} lol
[13:23] {_bobv} jajaja
[13:23] {Threei}  that's a market for your trading stykle, not mine... so who is taking who
[13:24] {patience} i have so many more mouths to feed though
[13:31] {Threei}  uh oh
[13:31] {Threei}  Muzak filed for bankruptsy
[13:31] {Threei}  the only kind of music I understand...
[13:31] {nemo} Thank God!
[13:31] {patience} you are going to start singing in the elevator now?
[13:31] {Threei}  I hope they don't sop playing it in elevators
[13:33] {Threei}  if Lego goes out of business, I'll be left with no enetrtainment at all
[13:34] {Threei}  of course there are those books where you need to paint within the lines... but I have troubles with those
[13:35] {magoo} this mkts going RED
[13:43] {Threei}  IMF: NOT CHANGING GOLD SALE PLANS
[13:43] {Threei}  - Reminder on 4/7/08 IMF Board backed plan to sell 403.3 Tons from Gold holdings, sales would require approval from US Congress
[13:43] {Threei}  almost there... DJI is last one green
[13:44] {Threei}  PREVIEW: JAN MONTHLY BUDGET STATEMENT DUE OUT AT 2PMET
[13:44] {Threei}  **consensus expectation: -$78.0Be v +17.8B prior
[13:44] {larisa} cmon market, life is good and spring is coming! :)
[13:44] {dino} axys stopped
[13:45] {nemo} Miss sunshine
[13:45] {larisa} ty:)
[13:46] {Threei}  US SEN LIEBERMAN: SENATE BILL MAY CUT HOME BUYING TAX CREDIT TO $7,500 FROM $15,000
[13:46] {Threei}  great
[13:46] {Threei}  DJI red
[13:46] {Threei}  seems every time these guys open thier mouth it's a new whack on the market
[13:53] {dawg} RIMM in .98 out .10 small shares for crissake
[13:54] {Threei}  did the same, only with 1000... for the same reason
[13:54] {dawg} wtg Vadster
[13:54] {nemo} The Darkside strikes back!
[13:56] {cosmo} NICE wants more ... if she breaks 21.90
[13:56] {Threei}  AMZN, half lot short .60 break
[13:56] {Threei}  if stays below .70
[13:58] {Threei}  S&P REVISES U.S. SUBPRIME AND PRIME RMBS LOSS ASSUMPTIONS
[13:58] {Threei}  - Due to the generally poor outlook for the U.S. housing market, increased delinquencies and defaults, and residential inventory buildup, Standard & Poor''s is projecting that the underlying mortgage pools supporting subprime RMBS transactions issued in 2006 will experience aggregate cumulative losses ranging from 23% to 27% of the original principal balance, with an average of approximately 25%, and pools supporting transactions issued in 2007 will experience aggregate cumulative losses ranging from 28% to 32%, with an average of approximately 31%.
[13:59] {Threei}  5 cents, today's profit range per larisa
[14:00] {Threei}  JAN MONTHLY BUDGET STATEMENT: -$83.8B V -$78.0BE
[14:00] {Threei}  yikes
[14:03] {Threei}  AMZN 1:1 for crissssssake
[14:04] {dawg} )}
[14:04] {Threei}  lol
[14:04] {dawg} me too
[14:05] {Threei}  hawk, look dcc please
[14:05] {Threei}  market isn't dropping on that?...
[14:05] {nemo} it's been talked about forever
[14:09] {cosmo} NICE salmon
[14:10] {cosmo} well schooled
[14:11] {nemo} cute cosmo
[14:11] {cosmo} they have to be...
[14:12] {nemo} naother leg down coming?
[14:13] {Threei}  most likely
[14:15] {Threei}  looks like panic selloff in the making
[14:15] {Threei}  RIMM is likely to make new lows
[14:17] {Threei}  -10... what a carnage on RIMM
[14:18] {Threei}  laserdave, dcc
[14:28] {Threei}  sheesh
[14:28] {Threei}  anyone can read this?? :)
[14:28] {dawg} caugt spike in RIMM .91 to .38 small shares
[14:28] {Threei}  wow
[14:28] {Threei}  nice!
[14:28] {dawg} ).
[14:30] {Threei}  no way in the world I could see this spike coming
[14:31] {wulff} need to put your spikey hat on
[14:32] {Threei}  but, ever since I put spikes on inner side, it hurts
[14:32] {dawg} lol
[14:34] {wulff} kind of neutral here
[14:35] {Threei}  .50 break on RIMM?
[14:35] {Threei}  dawg?
[14:36] {dawg} i'll man up for that Vad
[14:37] {Threei}  not breaking yet... but trying
[14:37] {dawg} ).
[14:40] {wulff} c'mon girl
[14:40] {magoo} resort to violence vad
[14:40] {nemo} whip the bitch
[14:41] {nemo} oooh....sorry...got a little carried away
[14:41] {wulff} who has the spikey hat on?
[14:42] {Threei}  can you believe this?
[14:42] {nemo} reality sucks
[14:43] {magoo} it will rinse us..then pop 3 points
[14:43] {Threei}  anyway, this pullback gave us support level for a stop
[14:43] {magoo} in
[14:43] {dawg} in
[14:44] {wulff} allready in
[14:44] {Threei}  1:1 was easy
[14:44] {Threei}  can it do more, no idea
[14:45] {Threei}  half out .67
[14:46] {wulff} scalp
[14:48] {magoo} stock down 10 points..cant even get 20 cents
[14:51] {magoo} WHOOOOOOOHHOOO
[14:51] {Threei}  SENATE MAJORITY LEADER REID: NEGOTIATORS HAVE REACHED A DEAL ON STIMULUS BILL
[14:51] {dawg} out if full
[14:51] {Threei}  no
[14:51] {Threei}  I am tired of it
[14:51] {Threei}  I am holding
[14:51] {Threei}  .45 stop
[14:51] {Threei}  and I want it over 48
[14:51] {magoo} look at that spike
[14:52] {Threei}  that's a good spike
[14:55] {wulff} somebody put the hat away
[14:55] {Threei}  yessssss
[14:56] {Threei}  my a$$ is out 48.15
[14:56] {Threei}  +63
[14:56] {Threei}  .63
[14:56] {magoo} me too .13 YYYYYYYYYYYEEEEEEEEE
[14:56] {magoo} biggest gain of year
[14:56] {Threei}  jeez... took all day to get one worthy trade!
[14:57] {magoo} stay focused boss
[14:57] {Threei}  but it made day positive
[14:57] {nemo} yeah...well get your arm back over your shoulder
[15:03] {dino} lol only about 135 to go
[15:04] {nemo} looks like the euphoria might be wearing off
[15:05] {dino} chatter about m2m coming out again
[15:05] {cosmo} NICE test at 22.19
[15:09] {dawg} RIMM in .20 break out .38 small shares
[15:09] {Threei}  don't overdo it... market retreats :)
[15:09] {dawg} OK i'm done for the day
[15:14] {dino} gj dawg
[15:15] {magoo} GS takethe high vad?
[15:15] {dawg} ty dino
[15:15] {Threei}  feels so mags...
[15:15] {magoo} to me too
[15:16] {magoo} mkt help of course
[15:16] {patience} vad, is today a heavier volume day?  ty
[15:17] {Threei}  vs yesterday? no
[15:17] {wulff} go PALM
[15:17] {magoo} in out GS .22 - .61
[15:17] {magoo} that fast
[15:22] {Threei}  wait
[15:22] {Threei}  what do you mean saying
[15:22] {Threei}  [14:56] {magoo} biggest gain of year
[15:23] {Threei}  we had bigger trades
[15:23] {dino} not magoo 3i
[15:23] {Threei}  where was he then
[15:23] {magoo} how come no comment on my GS
[15:24] {magoo} asked u..took it
[15:24] {magoo} +.39
[15:24] {Threei}  well... we were jealous
[15:24] {Threei}  so we ignored you
[15:24] {magoo} oh..i can relate to that
[15:24] {Threei}  :)
[15:25] {dino} where is he ever
[15:28] {dino} xl
[15:29] {Threei}  important how we close this day
[15:30] {Threei}  if with rally, it bodes well for a very strong day tomorrow
[15:31] {magoo} if IF buyers show up...RIMM should see 49
[15:32] {wulff} sensei, anything in particular that made you keep RIMM for more than a scalp?
[15:32] {dino} if...a word in the middle of life
[15:32] {magoo} also in middle of..nifwitt
[15:34] {Threei}  couple things wulff
[15:34] {Threei}  one of course was it being down so much for what just doesn't seem to be any valid reason
[15:35] {Threei}  I meant haircut is fine,
[15:35] {Threei}  but beheading for merely return to normal sales after holiday spike?
[15:35] {Threei}  so there was kind of loaded spring in it
[15:35] {magoo} and not even 1 pre bounce before his call
[15:35] {Threei}  right
[15:36] {dino} rimm trades to 52 tomorrow
[15:36] {Threei}  and another, that .50 resistance,
[15:36] {Threei}  it held for so long absorbing so much buying
[15:36] {wulff} ok
[15:36] {Threei}  usually when a seller is finally steamrolled in such cases, stock has nice p;otential
[15:36] {Threei}  big seller is finally done
[15:37] {magoo} mr miogi
[15:37] {Threei}  providing he isn't back with more of course, lol
[15:37] {Threei}  but more often that's the end of a big chunck of selling
[15:37] {wulff} dump truck selling
[15:37] {Threei}  yes
[15:37] {Threei}  the concept here is,
[15:37] {magoo} 15:37] {magoo} mr miogi
[15:37] {Threei}  he has some huge block to sell,
[15:37] {magoo} how u know so much:)?
[15:38] {Threei}  so he is looking for a certain point
[15:38] {Threei}  where buyers are wqilling to take a lot
[15:38] {Threei}  he isn't lifting because he is not confident buyers will chanse,
[15:38] {dino} 3:40ish spike up coming
[15:38] {Threei}  and because at higher prices he will have more competition from other sellers,
[15:38] {magoo} its been real late dino...3:43
[15:39] {Threei}  so this equilibrium he found is kind of ideal combination: not many other sellers, and buyers are taking all he has
[15:39] {magoo} which stock vad??HE HE
[15:39] {wulff} complex
[15:39] {Threei}  we had similar situation last week or mabe one before that
[15:39] {Threei}  don't remember stockj
[15:39] {Threei}  hawk was with me on it
[15:39] {Threei}  I remember price... .15
[15:40] {magoo} palm
[15:40] {magoo} popped to .80
[15:40] {Threei}  seller just wouldn't budge, no matter how much buyers took
[15:40] {Threei}  then he was finallyu out, and a stock was up 20 cents or so in a blink of eye
[15:40] {wulff} seller meaning at the "ask"?
[15:40] {Threei}  right
[15:41] {Threei}  I remember that was ARCA
[15:42] {Threei}  what you want to see in such cases is stock pulling back shallowly from the resistance, immediately rreturning, hitting offer again and again
[15:42] {Threei}  exactly what you saw on RIMM today
[15:42] {Threei}  also, it's usually one guy
[15:43] {Threei}  all tohers are eliminated, he is holding the fortress singlehandedly
[15:43] {Threei}  while he is sitting there, some return to sell with him and get taken out right away, and he is alone again
[15:44] {Threei}  almoast always he is using reserve
[15:44] {wulff} yup
[15:44] {Threei}  all you see is 100-200 shares
[15:45] {larisa} stubborn stock was STT with seller at 23.15 :)
[15:45] {Threei}  wow.. thank you :)
[15:45] {larisa} yw
[15:46] {Threei}  you remember? or found it somewhere?
[15:46] {larisa} my notes
[15:46] {larisa} febr 03 
[15:46] {Threei}  okay then... makes me feel better that it's not my memory (which is admittedly barely enough to remember my name in the morning)
[15:47] {Threei}  but makes me think, I am being watched and documented
[15:47] {larisa} absolutely
[15:47] {Threei}  RIMM really trying
[15:56] {Threei}  CEOS AT CONGRESSIONAL HEARING WITH EXCEPTION OF CITIGROUP'S PANDIT NOTE THEY DO NOT PLANT O SEEK ADDITIONAL TARP CAPITAL
[15:56] {dino} good
[15:59] {Threei}  FAS is closing almost at high
[16:00] {wulff} ty for the education
[16:00] {Threei}  always
[16:00] {magoo} rough day..but green..tired
[16:00] {Threei}  okay guys
[16:00] {magoo} ty sensei
[16:00] {Threei}  tired but overall not unhappy with this day
[16:00] {nemo} P&Q
[16:00] {magoo} yup
[16:00] {magoo} gotta hunt all day
[16:00] {Threei}  thank you all for your patience
[16:00] {magoo} never know what shows up
[16:00] {Threei}  takes a lot of it to wait out unfavorable market
06[16:00] * larisa slaps Threei around a bit with a large trout
[16:01] {Threei}  hmmm
[16:01] {larisa} had to vent
[16:01] {Threei}  what was that for?
[16:01] {Threei}  oh
[16:01] {Threei}  kay then
[16:01] {Threei}  feel free
[16:01] {larisa} :)
[16:01] {Threei}  just send me something for bruises
[16:01] {larisa} lol
[16:01] {Threei}  have a good evening, see you tomorrow
[16:02] {vint} good evening Vad, see you tomorrow
[16:02] {vint} bye all
[16:02] {Threei}  yoo too

Tuesday, February 10, 2009

Feb 10 2009

Got a resfreshment on TARP I? Almost exact repetition of what happened back then. Fortunately, we made our winning trades early in the morning and largely sat out sharp unreadable spikes in the aftrenoon. Still, got some little scalps here and there, especially on FAS. 

Session Time: Tue Feb 10 00:00:00 2009

[08:04] {magoo} kkhhfekfakefhiekekjfhhea
[08:04] {Threei}  certainly
[08:04] {Threei}  good morning
[08:05] {magoo} is laser up and running..couldnt log in
[08:05] {Threei}  yes
[08:06] {Threei}  FAS sold off after market to 10.80s... shrugged and picked up 1500 shares
[08:06] {Threei}  it just didn't look right to me
[08:06] {magoo} ok..in now
[08:06] {magoo} fas..nice
[08:07] {Threei}  with Geithner plan coming
[08:07] {Threei}  gap seemed no brainer
[08:08] {Threei}  sold 1000
[08:08] {magoo} there are 2 themes out there currently...a sell the news reaction to events {as in todays announcemt} and the other that we are basing..holding..and due for a bear mkt rally for few months
[08:09] {Threei}  so very true
[08:09] {Threei}  my personal feeling, it's both
[08:09] {Threei}  initial reaction is sell the news as in shake out weak hands
[08:10] {Threei}  scare those who is not convinced yet
[08:10] {Threei}  then proceed with mind-boggling rally
06[08:10] * nemo says good morning
[08:10] {Threei}  nemo :)
[08:10] {hawkfan4} good morning
[08:11] {Threei}  hawk :)
[08:11] {Threei}  out 200 more .27
[08:11] {Threei}  300 left
[08:11] {hawkfan4} bac
[08:11] {Threei}  with stop under .20
[08:11] {nemo} figures I take a little nap after my morning sojourn...STUPID!!!
[08:12] {hawkfan4} making the early morning money, nice
[08:12] {elepet} good morning. 
[08:12] {magoo} sounds reasonable vad
[08:12] {Threei}  elepet :)
[08:13] {Threei}  look at this end of day and after market selloff on FAS
[08:13] {Threei}  what was that other than shakeout?
[08:13] {Threei}  anyone could seriously suggest that Geithner comes out and says, nah we are not going to do anything for banks?
[08:13] {Threei}  or that his proposal would be harmful for them?
[08:14] {Threei}  selling AFTER the plan announcement, OK, fine
[08:14] {Threei}  that I can understand
[08:15] {Threei}  butthat smackdown was nothing other than a gift
[08:15] {Threei}  BALTIC DRY BULK INDEX 8.8%, 16TH STRAIGHT INCREASE
[08:15] {Threei}  thought of taking DRYS home also and decided against it
[08:16] {Threei}  I mean, 15 increases in a row... odds get stacked against
[08:16] {hawkfan4} me too, i bot it at .58 and ditched it even in the after hours
[08:16] {Threei}  a bit high... we had .40 entry on it
[08:17] {hawkfan4} yeah, i took the scalp on that one
[08:17] {Threei}  :)
[08:17] {Threei}  that was one weird trade
[08:17] {Threei}  wait... peter is not here, I can say "wierd"
[08:18] {hawkfan4} lol
[08:19] {Threei}  thought of taking 5K FAS... risk control considerations of course kept me from it
[08:19] {Threei}  too bad, daty would be largely done, lol
[08:19] {Threei}  day
[08:20] {hawkfan4} You see HIG drop in after hours?
[08:20] {Threei}  yes but never found any reason for that
[08:20] {Threei}  there were cuts to rating
[08:21] {Threei}  but heck... these days it's not really a reason, lol
[08:29] {cujo} good morning
[08:29] {Threei}  cujo :)
[08:29] {nemo} ruff!
[08:30] {cujo} arf arf...
[08:31] {cujo} can't believe they canceled House last night for presidents speech...
[08:32] {nemo} arf arf?  Thought you were a rabid Saint Bernard, not a toy poodle!
[08:32] {cujo} ehh, its early.  
[08:32] {cujo} still waking up.  
[08:41] {Threei}  couple days ago SIRF appeared on a scanner,
[08:42] {Threei}  I looked, thought daily had this "bottom is in" look
[08:42] {Threei}  but it obiously was not a day trade
[08:42] {Threei}  and I had not much appetite for a swing trade on it
[08:42] {Threei}  too bad, lol
[08:43] {hawkfan4} wow, i didn't know it went that low
[08:43] {Threei}  yeah, quite amazing
[08:44] {Threei}  but look at GRMN
[08:44] {Threei}  formerly $70-80
[08:45] {Threei}  speaks volumes about the industry situation
[08:45] {Threei}  and if no hot demand for GRMN products, what's SIRF to do
[08:46] {Threei}  what time does Terrific Tim speak?
[08:47] {hawkfan4} i think 11 et
[08:47] {Threei}  ty
[08:47] {hawkfan4} not sure i read it right tho, checking
[08:49] {cosmo} i think its 'Tim Terrific'.....
[08:50] {Threei}  as in Ivan the Terrible?
[08:51] {nemo} Ivan the Strict?
[08:51] {cosmo} no .... an old time cartoon protagonist.... called tom terrific
[08:51] {hawkfan4} yep 11 
[08:53] {Onix} Good moring all
[08:55] {Threei}  onix :)
[08:58] {Threei}  FAS is right back into my yesterday's entry, lol
[08:58] {Threei}  illustrates the idea "if you bought for a gap, take the gap"
[08:59] {nemo} going for "twice is twice
[08:59] {Threei}  not sure
[08:59] {Threei}  I'll leav it alone for now
[09:04] {Threei}  DRYS is back
[09:04] {_bobv} good morning
[09:04] {Threei}  bobv :)
[09:05] {Threei}  FAS still hasn't found bottom
[09:05] {Threei}  am I glad I dumped it into morning gap
[09:06] {KSystems} morning!
[09:06] {Threei}  ks :)
[09:06] {nemo} Gruess Gott
[09:07] {KSystems} now THATS a cool nick
[09:08] {nemo} What's a cool nick?
[09:09] {KSystems} [15:07] * _ has joined #discussions
[09:10] {Threei}  lol
[09:10] {fernp} Hello everybody
[09:10] {Threei}  fern :)
[09:10] {KSystems} wow....oil's up today
[09:11] {magoo} back
[09:11] {magoo} nice out FAS vad
[09:11] {nemo} Hi Magus
[09:11] {Threei}  ty... not rushing back in
[09:12] {magoo} nemo:0
[09:12] {Threei}  not sure I understand what's happening here
[09:12] {magoo} yeah..this pullbk kinda goes against intial thoufgts
[09:12] {nemo} Bet your wife says that alot about you
[09:13] {Threei}  not lately... she decided it's not even worth a breath
[09:13] {nemo} Eh...everybody knows Geithner's coming, FAS has been running up.  Remember when Congress passed the first bail out.  When the act passed...look out beeeeelllllloooowwwwwww
[09:15] {Threei}  yes... but that was after
[09:15] {Threei}  this dump begings way too early
[09:15] {magoo} if mkt reacts badly vad...FAZ may be the ticket
[09:15] {Threei}  FAS is shortable
[09:15] {nemo} It's only a couple of hours before Geithner speak.  I remember things started getting creaky late morning
[09:15] {nemo} FAS oesn't show up as shortable to me
[09:16] {cosmo} it only has 3 letters...
[09:16] {nemo} and that means...what?
[09:16] {Threei}  ?
[09:16] {cosmo} ...sorry
[09:17] {Threei}  wehat do you mean doesn't sahow as shortable?
[09:17] {Threei}  just enter sell order solidly above the market
[09:17] {Threei}  11 or higher
[09:17] {nemo} Well...my setting make it so that any "shortable" equity appears in red.  I ain't got no read for FAS
[09:17] {nemo} read=red
[09:18] {nemo} got a DB?
[09:18] {Threei}  in laser?
[09:18] {nemo} in LASER, da.
[09:18] {Threei}  I didn't even know such setting existed, lol
[09:18] {Threei}  enter order
[09:18] {nemo} I'm not as dumb as I look.
[09:18] {Threei}  it ghoes through
[09:19] {nemo} LevelII}Trading Settings}Level II Style   bottom right hand box
[09:20] {magoo} its avail laser, but hey, FAZ could go to 50
[09:20] {Threei}  I have no idea what that setting means
[09:20] {Threei}  not sure you read it right
[09:20] {Threei}  but FAS is shortable
[09:21] {nemo} Well, wouldn't be the first time today I was wrong
[09:21] {Threei}  day goes well so far eh? :)
[09:21] {Threei}  HIG is solidly down
[09:22] {Threei}  be back in 5
[09:23] {dptl} good morning all
[09:24] {Onix} hi dp
[09:24] {dptl} :)
[09:25] {cosmo} VPHM
[09:26] {magoo} im gonna go smoke with vad..brb
[09:27] {Threei}  dp :)
[09:27] {Threei}  just a thought:
[09:27] {Threei}  maybe too many clued in on the pattern of trading during first TARP,
[09:27] {Threei}  and pattern reverses now,
[09:28] {Threei}  selling before the stimulus/TARP II, and ramp up after passage
[09:28] {Threei}  as it happens when pattern gets overexploited
[09:29] {nemo} So we sit for a few...
[09:29] {Threei}  I think so
[09:29] {ese} morning.....
[09:29] {Threei}  ese :)
[09:29] {Threei}  let's skip first minutes
[09:29] {Threei}  see what transpires
[09:30] {ese} was out NUAN yesterday even at the end of the day.....it did nothing
[09:30] {Threei}  prepare half lot HIG just in case we get sharp selloff
[09:33] {dino} pfg blood
[09:33] {Threei}  pullback is coming
[09:34] {Threei}  watching for entry FAS under .60 if holding .50, HIG around 14
[09:35] {Threei}  half lot HIG
[09:35] {cujo} in .06 HIG
[09:35] {Threei}  in .06
[09:35] {Threei}  half out .23
[09:36] {cujo} out .25
[09:36] {Threei}  missed FAS
[09:36] {dino} cat sm l .00
[09:37] {ese} L NTAP .09 sm
[09:37] {Threei}  out HIG in full .38
[09:37] {cujo} nice call.  Thanks Vad. 
[09:37] {Threei}  welcome
[09:42] {ese} out ntap .19 +.10  quick hit
[09:42] {Threei}  nice morning warm-up
[09:42] {buyemsellem} indeed
[09:43] {Threei} Long Setup:  STT  .80 break smaller shares, if holding above .60
[09:46] {Threei}  INTC
[09:46] {Threei}  CNBC'S : PLANS TO HIRE 7K HIGH WAGE WORKERS FOR $7B INVESTMENT PLANT
[09:46] {dino} ndx green
[09:46] {dino} comp too
[09:47] {magoo} in out STT out .94
[09:47] {magoo} TY
[09:47] {Threei}  1:1 STT
[09:47] {Threei}  half out
[09:48] {Threei}  stop under .75
[09:48] {Threei}  out in full.36
[09:49] {Threei}  +.54 or so
[09:49] {Threei}  wow, top-ticked it
[09:49] {nemo} How's the arm?
[09:49] {Threei}  rarely happens to me
[09:49] {nemo} more than twice a day?
[09:49] {Threei}  I am traditionally "out too soon"
[09:50] {nemo} not touchin' that one.
[09:50] {magoo} lok at my exit ..sigh
[09:52] {dino} wmt sm l .70
[09:55] {Threei}  feels like deeper pullback is coming
[09:58] {Threei}  one more sharp step down, IMO
[09:58] {Threei}  then bounce
[09:58] {Threei}  in terms of QQQQ, drop to .40
[09:59] {hawkfan4} cosmo, nice heads up VPHM
[10:00] {Threei}  DEC WHOLESALE INVENTORIES: -1.4% V -0.7%E
[10:00] {Threei}  - prior revised from -0.6% to -0.9%
[10:00] {Threei}  FEB IBD/TIPP ECONOMIC OPTIMISM INDEX: 44.6 V 44E
[10:00] {Threei}  economic optimism?
[10:01] {Threei}  okay then
[10:01] {nemo} It's relative. Like Braveheart...you have a choice of decapitation or disembowlement
[10:02] {dino} ahhh, now i understand
[10:06] {Threei}  price chart shapes up for upward thrust, but volume does not
[10:07] {Threei}  high odds of a trap, staying away
[10:09] {Threei}  REPORTEDLY, FUNDING FOR BAILOUT PACKAGE TO BE A LOWER END OF RANGES, FORECLOSURE MITIGATION MAY BE NEAR $50B V $50-100B PRIOR - UNCONFIRMED REPORT
[10:09] {Threei}  - $100B may be provided towards 'bad bank' public-private partnership
[10:09] {Threei}  - $100B for capital injections for banks
[10:09] {Threei}  - $100B to go towards expansion of TALF from $200B (expectations prior were to move TALF towards the $500B- $1T level)
[10:09] {nemo} Isn't 350 billion still left over from the first act?
[10:10] {Threei}  who is counting
[10:10] {Threei}  trillion here, trillion there
[10:12] {Threei}  trap that was
[10:13] {nemo} Not my point...they haven't even used the second half-of the first, and they're already appropriating the second under a sky is falling scenario...is the sky falling?  This thing is a typical spending bill drawn out over 10 years.  So either Congress can't write anything but their typical bill, or might there be a belief things are not as bad as they seem, but if we scare the manure out of them, we can 
[10:13] {nemo} throw more debt on their backs
[10:13] {ese} your hard earned tax dollars at work nemo......
[10:14] {nemo} ese dcc
[10:14] {fernp} BAC
[10:14] {Threei}  my understanding is, that ws about second half of that priginal 700B
[10:14] {nemo} yeah...and it hasn't been used
[10:14] {Threei}  so, that comment was about how they intend to use it
[10:15] {Threei}  what's wit BAC?
[10:16] {hawkfan4} no idea
[10:16] {fernp} no news here
[10:16] {Threei}  none here either
[10:18] {Threei}  starting to get interested in HIG again
[10:18] {Threei}  not enough of interest for entry yet
[10:18] {Threei}  has more downside
[10:19] {Threei}  prepare half lot
[10:19] {Threei}  sharp drop into 13.30 area feels to be it
[10:20] {Threei}  FAS, one more leg down and should be bounce-wrothy
[10:20] {magoo} mkts down 85
[10:22] {Threei}  FAS, in
[10:22] {Threei}  stop under .05
[10:23] {Threei}  out
[10:23] {Threei}  -.07
[10:23] {Threei}  grrrr. shake
[10:25] {magoo} gettin ugly out there
[10:25] {Threei}  HIG is ready for a drop
[10:25] {nemo} lookin in the mirror again Mags?
[10:26] {Threei}  actually, holding rather well, HIG
[10:27] {Threei}  .60 break smaller shares
[10:27] {Threei}  stop under .40
[10:28] {Threei}  under .45 is more precisehalf out
[10:28] {Threei}  umm
[10:28] {Threei}  half out
[10:28] {hawkfan4} vphm .25, stop .19
[10:29] {Threei}  scalpers take full
[10:33] {KSystems} livia!
[10:33] {KSystems} welcome ;)
[10:34] {Threei}  HIG, stop for the remaining shares to .55
[10:34] {Threei}  looking for exit above .90
[10:35] {dino} celg sm l .64
[10:35] {_livia} 'morning !
[10:35] {nemo} it's "whacka mole" trading until we get past Geithner
[10:36] {Threei}  hi livia, welcome
[10:36] {Threei}  lol nemo
[10:36] {dino} welcome liv
[10:37] {Threei}  so far so good... 3 out of 4, backing off a bit and watching how market reacts on Terrific Tim
[10:38] {nemo} see if FAS DBs
[10:38] {hawkfan4} GS big drop
[10:40] {Threei}  want a scary trade?
[10:40] {hawkfan4} kinda
[10:40] {cujo} sure why not?
[10:40] {Threei}  if market drops sharply, HIG .50 breakdown short
[10:41] {Threei}  smaller shares, .65 - .70 zone is a stop/invalidating level
[10:41] {dino} what time does the announcement/press start
[10:41] {dino} 11 or 12?}
[10:41] {Threei}  about 20 min from now, dino
[10:41] {dino} ty
[10:43] {cujo} you going to try this one Vad?
[10:45] {Threei}  took .49, got just 300 shares though, lol
[10:45] {Threei}  not going to add
[10:46] {cujo} yeah im in at .46
[10:46] {Threei}  either this miniscule position works, or I don't care much about stop of this magnigtude
[10:47] {Threei}  out
[10:47] {cujo} out
[10:48] {Threei}  about 15 min till Tim speaking
[10:52] {Threei}  what is killing DRYS today?
[10:54] {hawkfan4} egle, ocnf, gnk, all down today 10%
[10:57] {hawkfan4} stopped vphm -.06
[11:00] {nemo} maybe that financing deal for DRYS wasn't so good
[11:00] {Threei}  US TREASURY'S GEITHNER: FED TO EXPAND TALF TO $1T
[11:00] {Threei}  FAS spike
[11:01] {Threei}  TALF EXPANSION TO BE FUNDED BY TARP
[11:01] {Threei}  TOXIC ASSETS RELIEF FUND TO START AT $500B, COULD REACH $1T
[11:02] {Threei}  FAS pullback worth trying, keep it half lot
[11:02] {Threei}  under .50
[11:04] {Threei}  sharper drop is coming
[11:04] {Threei}  if you are scalping these moves, be quick
[11:05] {Threei}  if caught FAS, take scalp here
[11:05] {Threei}  let it pull back again
[11:05] {hawkfan4} whew, out .64
[11:06] {Threei}  - Public private fund will focus on legacy loan assets.
[11:06] {Threei}  - Notes that the TALF expansion will be assisted by funds from TARP by US Treasury; Fed TALF expansion would be in consultation with the Treasury. TALF collateral could include AAA commercial mortgage backed securities, mortgage backed securities and other asset backed securities.
[11:06] {Threei}  good move hawk
[11:06] {dino} markets not pleased
[11:06] {Threei}  no
[11:06] {dino} celg stopped
[11:06] {Threei}  BAC big down
[11:06] {nemo} AAA  ZZZ what's the difference?
[11:07] {Threei}  so's FAS
[11:07] {nemo} wow FAZ jumpe $2
[11:08] {nemo} $3
[11:08] {Threei}  EQUITY MARKETS SLIDE AS GEITNER RELEASE IS SHORT ON DETAILS, NOTES THAT TREASURY IS STILL WORKING OUT MECHANICS OF SEVERAL PROGRAMS
[11:09] {Threei}  I guess Tim wasn't so terrific after all eh?
[11:09] {nemo} details?  oy...
[11:09] {hawkfan4} Tim the Terrible
[11:10] {Threei}  OK... FAS 10 break long half lot if holding above .85 - .90
[11:10] {Threei}  keep stops as if your very life depended on it
[11:10] {Threei}  and don't touch these bounces unless willing to try a few times
[11:11] {nemo} of course my quotes screw up...
[11:12] {Threei}  no worky
[11:13] {Threei}  BAC is not making new lows with FAS
[11:13] {cujo} my system experiencing extreme slowness
[11:13] {cujo} market order took 5 sec to execute
[11:13] {hawkfan4} mine too, had to close esignal
[11:14] {Threei}  as if need quotes
[11:14] {nemo} hehehe
[11:14] {Threei}  runs fine here
[11:14] {nemo} yeah me too
[11:14] {dino} ok here
[11:15] {Threei}  that was "ask" if need quotes
[11:15] {dino} no mark to market changes
[11:15] {dino} ?
[11:15] {Threei}  no mention
[11:15] {cujo} got ya.  Quotes good on my side.  Execution was not so nice. 
[11:16] {Threei}  bad bank and mtm was what market wanted I'd guess
[11:16] {Threei}  HOUSE MAJORITY LEADER: STIMULUS NEGOTIATIONS COULD STRETCH INTO NEXT WEEK
[11:16] {Threei}  yikes
[11:17] {Threei}  anyone went for BAC?
[11:17] {dino} m2m was a big one
[11:17] {nemo} nah...that's a good thing.  They've got $350 billion to play with from the first act
[11:17] {Threei}  - Note that Senate passage of the Obama administration's stimulus bill is expected this afternoon. After passage of the Senate verision, House and Senate negotiators must reconcile the two bills in conference.
[11:19] {dino} that bill is nonsense waste, better to keep putting it off
[11:20] {patience} in crude etf HOU
[11:21] {Threei}  second break on FAS worked
[11:21] {dino} vz sm l .60
[11:23] {Threei}  pullback entry on FAS under 10.10, on BAC around .20-.30
[11:23] {Threei}  no way to give more precise prices
[11:25] {Threei}  in .05
[11:25] {Threei}  stop under .90
[11:25] {Threei}  BAC is coming there
[11:27] {Threei}  had sell FAS at .15, it topped out at .14
[11:27] {Threei}  US GEITHER: TO ANNOUNCE PLANS ON MORTGAGE FORECLOSURE PROGRAM WITHIN NEXT FEW WEEKS
[11:27] {cujo} yeah out .13
[11:28] {cujo} still a 1:1
[11:28] {dino} lncr
[11:30] {Threei}  market hates him
[11:31] {nemo} in the long run, that might be good economically
[11:31] {magoo} a sell the news
[11:31] {Threei}  it rather looks to me "we didn't get the kind of news we wanted"
[11:32] {nemo} It's my ball and bat, I'm going home!
[11:32] {dino} the big bounce last week was the talk of easing or suspending m2m
[11:32] {dino} we did not get it
[11:32] {nemo} so the banks are porked
[11:33] {dino} an accounting rule change 12 months ago is ruining the worlds' banking system
[11:33] {nemo} well CDO's that require the Rosetta Stone to figure out what's inside arent helping either
[11:34] {dino} they are still worth the discounted cash flows, not the current market, as there is no current buyer
[11:34] {nemo} well, at least DRYS looks like it's trying to bottom
[11:34] {Threei}  FAS is getting overextended here
[11:34] {Threei}  .30 break witgh stop under .20
[11:35] {Threei}  invalidated
[11:35] {nemo} corresponding volume on FAZ isn't hitting capitulation
[11:36] {Threei}  look at BAC
[11:36] {Threei}  sheer panic
[11:36] {nemo} Just like after TARP
[11:38] {Threei}  time for snapback
[11:39] {dino} not yet, imo
[11:40] {dino} neg. b-day coming
[11:40] {Threei}  in FAS with stop under 8.90
[11:40] {Threei}  got 9
[11:41] {Threei}  half out .22
[11:41] {Threei}  BAC .80 break
[11:41] {Threei}  stop .65
[11:42] {cujo} in .81
[11:44] {Threei}  half out
[11:44] {cujo} out .90
[11:45] {Threei}  out FAS in full .29
[11:45] {dino} mcd sm l .25 stop .96
[11:48] {Threei}  probably another leg down is coming
[11:48] {Threei}  not sure this time is worth trying for bounce
[11:48] {Threei}  I'll sit it out
[11:49] {hawkfan4} VPHM .06 stop .99
[11:50] {nemo} let's see...two strong up days Thurs. Fri., mixed yesterday, down today makes sense
[11:59] {dino} 7845-8314 new range it would seem
[12:01] {dino} wynn wants gap fill from thurs. close
[12:03] {Threei}  6 break BAC worth a try
[12:03] {Threei}  if holding above .85
[12:04] {cujo} Vad, on 5 min, is FAZ forming a flag?
[12:04] {Threei}  which of them? :)
[12:04] {nemo} faz
[12:04] {Threei}  which flag? bear or bull
[12:04] {cujo} sry, not too familiar with flags yet.  Just remember a previous call you had made
06[12:05] * dino slaps cujo around a bit with a large trout
[12:05] {dino} :)
[12:05] {cujo} ;)  
06[12:06] * dino slaps magoo around a bit with a large trout
[12:06] {nemo} just outta' curiosity, why trout?
[12:06] {dino} thought i heard him snoring
[12:07] {nemo} why not salmon, or mackeral, flounder?
[12:07] {dino} never updated nemo, i'm lazy
[12:07] {nemo} I thought there was something deeper :(
[12:08] {Threei}  (US) US TREASURY'S GEITHNER: LESSONS OF THE PAST ARE THAT GOVERNMENTS TEND TO UNDERESTIMATE THE COST OF FINANCIAL CRISES - CNBC INTERVIEW
[12:08] {dino} nah, i keep things simple
[12:08] {Threei}  is it a hint "we will be back for more"?
[12:08] {dino} not much going on in my head
[12:08] {nemo} I've got stuff falling off my head...
[12:11] {dino} you know, i think the lessons are that the regulators did not do their job
[12:12] {Threei}  yeah but at that point in time Tim played for the other team {G}
[12:12] {dino} of course
[12:12] {magoo}  Tim played for the other team {G}????
[12:12] {magoo} gAY??
[12:13] {nemo} Mags....
[12:13] {nemo} Vad...you know better than that
[12:14] {Threei}  if BAC triggers, won't be a scalp for me
[12:17] {Threei}  serious digestion here
[12:17] {Threei}  or should I say indigestion
[12:23] {Threei}  TREASURY'S GEITHNER: A STRONG DOLLAR IS IN THE BEST INTEREST OF THE US - NBC INTERVIEW
[12:23] {Threei}  do I see ghost of mr Snow?
[12:24] {Threei}  US ECONOMIC STIMULUS BILL PASSES SENATE PROCEDURAL VOTE
[12:27] {magoo} pretty ugly when america has even given up on the golden arches
[12:35] {Threei}  eerily quiet
[12:39] {Threei}  no way to tell which way this standoff resolves
[12:39] {Threei}  sitting it out
[12:39] {Threei}  US SENATE PASSES STIMULUS PLAN
[12:39] {nemo} just waitin' in the weeds, huh Vad?
[12:44] {magoo} dip buyers should give it a try 
[12:47] {hawkfan4} watching FAS for .11 break, stop 8.90
[12:49] {hawkfan4} in .13
[12:50] {Threei}  US TREASURY'S GEITHNER: NO FINAL JUDGEMENT HAS BEEN MADE ON WHETHER CHINA IS A CURRENCY MANIPULATOR OR NOT
[12:50] {Threei}  - Note that the next Treasury report determining currency manipulators comes out in April.
[12:50] {Threei}  sounds like threat
[12:51] {hawkfan4} stop to .99
[12:51] {nemo} nice hawk
[12:51] {dino} sm l fdo .90
[12:52] {hawkfan4} thx
[12:52] {Threei}  TREASURY OFFICIAL: US WILL PROVIDE LONG-TERM CAPITAL FOR US INSTITUTIONS TO BUY DISTRESSED AND TOXIC ASSTES
[12:52] {nemo} still watching the BAC trigger, VAD?
[12:52] {Threei}  too bad I am not a US institution... I would love nothing more to buy some toxic assets
[12:52] {Threei}  no
[12:53] {Threei}  6 is way too far from here
[12:53] {Threei}  need whole new consolidation
[12:55] {dino} cnbc getting serious now
[12:55] {nemo} Ironic Headline:  Bloomberg
[12:55] {nemo} Bloomberg Anywhere
[12:55] {nemo} Updated:  New York, Feb 10 12:54
[12:55] {nemo} London, Feb 10 17:54
[12:55] {nemo} Tokyo, Feb 11 02:54
[12:55] {nemo} Search
[12:55] {nemo} Symbol Lookup
[12:55] {nemo}
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[12:56] {hawkfan4} what are they saying dino?
[12:56] {nemo} sorry, it grabbed more than I thought
[12:57] {dino} sports illustrated swimsuit issue pictures
[12:57] {hawkfan4} lol
[12:57] {nemo} ahhh...no
[12:58] {Threei}  REMINDER: FED CHAIRMAN BERNANKE TO TESTIFY BEFORE A HOUSE COMMITTEE REGARDING THE FED'S LENDING PROGRAMS
[12:58] {dino} i guess another form of stimulus
[12:58] {nemo} subtle
[12:59] {Threei}  HIG may be interesting here if market starts creeping up
[12:59] {Threei}  .40 long if holding above .25
[13:00] {Threei}  FED'S BERNANKE: AMPLE LIQUIDITY FROM THE FED IS NOT A PANACEA
[13:02] {nemo} Oh no: J&J Ejaculation Pill, Worlds First, Wins European Approvals 
[13:05] {hawkfan4} stopped fas -.14
[13:08] {Threei}  - Fed funds rates have hit an "effective floor."
[13:08] {Threei}  - Encouraged by the market response to new liquidity instruments.
[13:08] {Threei}  - The commercial paper program has been successful.
[13:08] {Threei}  - Urges the creation of a special regieme for aiding at risk firms.
[13:08] {Threei}  - Plans to review disclosure of details of Fed lending.
[13:09] {wulff} you still in palm, vad? add any?
[13:09] {Threei}  no
[13:09] {Threei}  I posted yesterday trailing the stop to under 8
[13:09] {wulff} i see
[13:10] {Threei}  and we had an exchange about adding
[13:10] {Threei}  let me find it
[13:10] {Threei}  [15:23] {cujo} Vad, PALM break above 8.15?
[13:10] {Threei}  [15:24] {Threei} not sure cujo
[13:10] {Threei}  [15:24] {Threei} PALM kind of take backseat in this battle of bills
[13:11] {dino} out mcd .11 -.14
[13:11] {wulff} saw it
[13:11] {Threei}  although it comes into possible buying point
[13:11] {Threei}  but I'd like to see market stabilizing first
[13:12] {Threei}  not delighted by the idea of initiating long position for a swing into dropping nervous market
[13:12] {dino} felt the same
[13:13] {Threei}  the more these guys jawbone it, the less confidence market has in them
[13:14] {nemo} that was a short visit by Larisa...what did you do, Dino?
[13:16] {dino} nothing, i swear
[13:17] {nemo} So, we're basically back to last Wednesday?
[13:20] {dino} stopped fdo -.32
[13:20] {nemo} WOW
[13:21] {Threei}  and still dropping
[13:21] {Threei}  wow FAS
[13:21] {nemo} stomach just hit my tonsils
[13:21] {Threei}  US INTERIOR SEC: DELAYS OFFSHORE DRILLING PLAN THAT WAS ENACTED IN THE WANING DAYS OF THE BUSH ADMINISTRATION
[13:21] {Threei}  - seeking a comment period
[13:21] {nemo} be nice, Dino
[13:22] {Threei}  PRU
[13:22] {Threei}  MOODY'S PLACES RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE
[13:22] {Threei}  - Review to focus on profitability and capital generation
[13:22] {dino} targets, 7845, 1199, 819
[13:23] {Threei}  GE
[13:23] {Threei}  CFO: NO LONGER USING FED'S COMMERCIAL PAPER FUNDING FACILITY, WORKING ENTIRELY IN OPEN MARKET
[13:24] {Threei}  -350
[13:26] {Threei}  another leg down is coming
[13:26] {Threei}  watching FAS
[13:27] {Threei}  too fast
[13:27] {Threei}  didn't really give a chance for double bottom entry
[13:27] {nemo} just that lone long tail
[13:27] {Threei}  IEA'S TANAKA: CURRENT OIL PRICE IS HELPING THE ECONOMIC RECOVERY; WILL LIKELY REVISE 2009 OIL FORECAST LOWER
[13:28] {Threei}  what recovery?
[13:30] {dino} uso 52 week low
[13:31] {larisa} wow, never leaving you again guys.
[13:31] {dino} aw shucks
[13:31] {Threei}  no kidding... Tim killed the market in your absence
[13:34] {wulff} XLE  half l .97
[13:35] {dino} ugh mcd and fdo much higher now
[13:36] {dino} sm l gild .45
[13:40] {dawg} Thanks Dino picked a ten cent scalp in GILD
[13:41] {dino} gj
[13:41] {dino} aPOL
[13:42] {Threei}  FED'S BERNANKE: 95% OF THE FED'S BALANCE SHEET IS EXTREMELY SAFE - Q&A
[13:42] {Threei}  - 5% has risk related to exposure to risk at big financial istitutions
[13:43] {nemo} Oh great, so there's only a 1 in 20 chance of a kaboom!
[13:48] {Threei}  glad we got our morning plays and cut down on activity after that
[13:49] {Threei}  avoiding yesterday's mistake
[13:49] {Threei}  would hate to fight for each cent in this mess
[13:50] {patience} exiting overnight hold of qid  +3.64
[13:50] {hawkfan4} aw cmon, this is lovely :)
[13:50] {Threei}  wtg
[13:50] {hawkfan4} wow, nice one
[13:50] {cujo} nice one patience
[13:50] {patience} took a guess
[13:50] {hawkfan4} good guess
[13:50] {cujo} good guess then...
[13:51] {patience} watch it's going to run this week, ahead of options expiry next week  lol
[13:51] {patience} i'm guessing, don't take me seriously
[13:52] {Threei}  too late
[13:52] {Threei}  I mortgaged out the house and bought all QID
[13:53] {patience} good, you're taking me to the bahamas with mrs. vad
[13:53] {Threei}  ummm... not if you guess wrong {G}
[13:53] {patience} trust me, i bought crude today   roflol
[13:53] {cujo} vad, will you miss any room time in Bahamas?
[13:54] {Threei}  a few days
[13:54] {Threei}  3 or 4
[13:54] {cujo} got it.. 
[13:57] {Threei}  FED'S BERNANKE: NOT ATTEMPTING TO 'PROP' UP HOME PRICES, GEITHNER PLAN WILL ENCOURAGE PRICE DISCOVERY
[13:57] {Threei}  anyone's scared of what they may discover?
[13:58] {Threei}  MICHIGAN SEN LEVIN: GM MAY MEET ITS FEB 17 RESTRUCTURING PLAN GOALS, A BANKRUPTCY FOR ANY AUTOMAKERS WOULD BE A 'NON STARTER'
[13:58] {_bobv} jajaja
[14:03] {wulff} went long palm .63 1 lot, a while ago
[14:03] {Threei}  wow DRYS
[14:03] {Threei}  is it planning to revist the low in 3s?
[14:04] {Threei}  NEW JERSEY REPORTS JANUARY CASINO REVENUES: ATLANTIC CITY CASINO REVENUE -9.4% Y/Y
[14:04] {hawkfan4} looks like it
[14:04] {Threei}  I'd say casinos fare much better than automakers
[14:04] {Threei}  FED'S BERNANKE: DEMAND FOR US TREASURIES REMAIN 'STRONG'
[14:05] {dawg} GILD scalp ty Dino +.12
[14:06] {dino} you dog you
[14:06] {dawg} .
[14:07] {Threei}  - believes Fed's losses from credit programs are likely very small, and profits from lending program will likely offset any losses.
[14:07] {Threei}  - says balance sheet increase has been carefully planned so that the Fed can eventually bring down the size of the balance sheet and begin raising interest rates as economic conditions improve.
[14:19] {cujo} USO just broke 52 week low
[14:19] {Threei}  - Wall Street has not responded well to the Treasury's announcement of its new Financial Stability Plan. More than one commentator has noted that there seemed to be more substance to the leaks coming out of the government overnight and earlier this morning that there was to Treasury Secretary Geithner's actual presentation. Before Geithner's 11amET announcement, the three leading US equity indices had been down modestly, roughly half a percent each.
[14:19] {Threei}  Shortly after the text of Geithner's speech was formally released stocks moved lower in unison with acceleration to the downside picking up following the conclusion of his remarks. Things have only gotten worse through the early afternoon. Shares of the biggest US banks have been hard-hit, with Goldman, JP Morgan and Morgan Stanley down more than 5%, Citi and WFC down more than 10% and Bank of America down more than 15%.
[14:20] {Threei}  - In his speech at the Treasury, Geithner seemed to indicate that whatever its final form, the administration is still working out the mechanics of how the Financial Stability Plan will work.
[14:21] {Threei}  feels like FAS is going to lose .50
[14:23] {dino} stability plan, lol. better off w/o it
[14:26] {dino} sm l uso, most likely swing .00
[14:28] {wulff} PLD ouch
[14:28] {Threei}  can you find anything that isn't ouch? :)
[14:29] {Threei}  except short ETFs
[14:29] {nemo} FAZ TZA
[14:29] {Threei}  {Threei} except short ETFs
[14:29] {patience} i still can't believe POT strength
[14:29] {nemo} in this environment, it's feeding off the call letters
[14:30] {Threei}  strength?
[14:30] {Threei}  what do I miss... it's down 1.30
[14:30] {Threei}  3.5 off day's high
[14:30] {patience} sorry, toronto is different, it's up 1.60
[14:30] {Threei}  wow, really?
[14:31] {patience} tsx stronger than u.s. exchanges
[14:31] {Threei}  FAS, if you believed me and shorted .50 break feel fee to cover
[14:32] {Threei}  US TREASURY SEC GEITHNER: CREDIT HAS SLOWED, AMERICANS HAVE LOST FAITH IN BANKING EXECUTIVES, JOB CUTS ARE ACCELERATING - CONGRESSIONAL TESTIMONY
[14:32] {Threei}  lost faith in banking executives?
[14:32] {Threei}  anyone ever had any?
[14:32] {cujo} long long time ago....
[14:33] {nemo} what cujo, you had a banking executive, or faith in one?
[14:33] {cujo} ha ha
06[14:33] * larisa slaps nemo around a bit with a large trout
[14:33] {cujo} use to have faith in them
[14:33] {cujo} now, not so much
[14:33] {nemo} tellers?
[14:33] {cujo} yeah, and the lady who would greet me at the door 
[14:34] {nemo} harder Larisa
[14:34] {_bobv} One question to all of you, I do not live on the US, but I want to know if the crisis is reflected on the streets and people around you..??
[14:34] {larisa} we do not get out much bob
[14:34] {Threei}  lol
[14:35] {dino} by me, people are tightening up, but most don't seem to see the depths the politicians are whinig about
[14:35] {Threei}  not where I live
[14:35] {Threei}  fancy yachts park at the harbor
[14:35] {nemo} Well...I have to drive north on 128/95 at afternoon rush hour several times a week.  It was always knwn as one of the busiest highways in the country.  It's 55-65 all the way.
[14:35] {Threei}  record number of cruise ships this year
[14:35] {dino} surprisingly, real estate has been holding up 
[14:36] {cujo} my neighborhood is a mess
[14:36] {cujo} rent and housing prices are not well
[14:36] {dino} i am northern poconos, resort type area
[14:36] {patience} vad, we have close to lowest unemployment in country
[14:36] {cujo} spending wayyy down as well
[14:36] {_bobv} interesting
[14:36] {Threei}  yeah
[14:36] {Threei}  I guess it's spotty
[14:36] {Threei}  depends on kind of industries in a particular place
[14:37] {cujo} dino, you by the old mt airy lodge?
[14:37] {Threei}  towns relying on automakers are hit hard
[14:37] {dino} banks here are having great years, lending up, etc. not involved in the cdo stuff. they are compklaining about govt help to the big boys. i.e. "not fair we should get the slack"
[14:38] {cujo} ave home price in detroit was something like 20K last i looked
[14:38] {dino} little over an hour north cujo
[14:38] {Threei}  20K?
[14:38] {cujo} yeah
[14:38] {cujo} will send article  one sec
[14:38] {Threei}  I don't want to live in Detroit... but this sounds like investment, lol
[14:38] {cujo} http://www.tribbleagency.com/?p=3598
[14:39] {dino} detroit=autos=layoffs=crime. that will be bad for awhile imo
[14:39] {dino} better worlds than that imo
[14:39] {cujo} Vad, you want to start a detroit real estate reit?
[14:39] {Threei}  I am too lazy for that
[14:39] {dino} been bidding n. myrtle condos last couple weeks; forclosures
[14:40] {cujo} how much a sq ft?
[14:40] {dino} 980 golf course, going for 125k. topped 250k
[14:40] {cujo} wow not bad
[14:41] {cujo} you a golfer?
[14:41] {dino} they go fast
[14:41] {dino} y
[14:41] {cujo} nice, big golf fan
[14:42] {dino} i have 2 places, sunset beach, 10 miles north
[14:43] {larisa} you married dino?
[14:43] {dino} yes 13 years
[14:43] {larisa} me too :(
[14:43] {larisa} :)
[14:43] {cujo} waiting to see what that new R9 looks like from Taylor made. 
[14:43] {dino} i like you larisa, you make me laugh
[14:43] {larisa} ty
[14:43] {nemo} Freudian slip I think
[14:43] {_bobv} jaja
[14:44] {dino} still on my erc II
[14:44] {nemo} what's an erc II?
[14:44] {dino} callaway
[14:44] {cujo} driver
[14:44] {nemo} oh
[14:44] {dino} y
[14:44] {dino} vsat blood
[14:44] {dino} fast
[14:45] {Threei}  nemo, look dcc pls
[14:45] {dino} wynn gap filled
[14:52] {nemo} FAS repeating it's pattern from yesterday. 
[14:55] {Threei}  notice, financials are weaker than the market overall
[14:55] {nemo} GEEZ FAZ up 25%
[14:55] {nemo} Wonder who had the stones to go long that yesterday
[14:57] {nemo} 3:30 'ally or shark?
[14:57] {Threei}  I say down
[14:58] {dino} yeah, feels like death
[14:58] {Threei}  -500 at the eod
[14:58] {dino} going for the -500
[14:58] {nemo} yeah...but I'm a pessimist by nature...goin' for the bottle
[14:58] {dino} markets figured out obama is not center, but really leaning to the left
[14:59] {nemo} How so Dino?
[15:00] {dino} inceasing entitlements; welfare, unemployment, heathcare, spending on everything but what he campaigned on
[15:00] {Threei}  KADIMA WINS MAJORITY IN ISRAELI VOTE
[15:00] {nemo} Well, he campaigned on universal health care, which is an entitlement
[15:01] {nemo} It was clear they'd have more of a personal focus on this spending bill
[15:01] {dino} also said he would balance budget, cut spending, increase infrastructure, etc
[15:01] {nemo} Having said that, maybe the markets are just pissed the banks aren't getting an immediate bail out
[15:02] {dino} don't really see that happening tho. if it was, they would be trading up
[15:02] {dino} but, time will tell, no matter really.
[15:02] {nemo} 2012
[15:03] {dino} 2010, the house vote
[15:03] {nemo} no 2012...mayan calendar
[15:04] {dino} lost me
[15:04] {nemo} world is supposed to end
[15:04] {dino} well then, nothing matters, spend like crazy
[15:04] {nemo} I use it as a pick-up line
[15:04] {larisa} works?
[15:05] {nemo} when they're drunk enough so they can't think or really see what I look like-yeah
[15:09] {larisa} DRYS waking up, will it lead the market :)
[15:10] {Threei}  into abyss? sure :)
[15:10] {larisa} lol
[15:10] {nemo} hehehehehehe
[15:10] {Threei}  I think I went over 30 stocks over last 5 min
[15:11] {Threei}  can't find any worthy trading candidate
[15:11] {Threei}  same pattern holds... make your money in the morning, then sit sand look pretty
[15:11] {Threei}  which is only half option for me
[15:12] {Threei}  I mean I can sit...
[15:12] {nemo} It's all relative Vad just sit a bulldog next to ya'
[15:13] {nemo} I took the mirrors out of the house, myself
[15:18] {larisa} can I get free month in the room if we close above 8000 ?
[15:19] {Threei}  US TREASURY SEC GEITHNER: TODAY WAS FOR 'OVERARCHING' DESCRIPTION OF PROGRAM, DETAILS WILL FOLLOW, TODAY WE ARE "BEGINNING OUR CONSULTATION" WITH CONGRESS
[15:19] {Threei}  - says the new plan is fundamentally different from the Paulson plan; we will be guided by "what will work and what will engender confidence.
[15:19] {dptl} have a good evening all
[15:19] {Threei}  take care dp
[15:19] {cujo} c ya
[15:19] {larisa} bye dp
[15:19] {nemo} So, get rid of the fed, blow up Congress...
[15:19] {dino} basically saying "we are just throwing stuff at the wall"
[15:20] {nemo} Who the hell knows what will work in this environment
[15:20] {dino} gild stopped .54, +.09
[15:21] {cosmo} what ever bails you out
[15:21] {cosmo} ... that works
[15:22] {dino} 7845, 1199, 819 feb. lows
[15:22] {dino} opps 1167, 812
[15:24] {dino} s&p -6% from yesterday hod, dji, ndx -5%
[15:26] {dawg} FAS +.19 for crissake
[15:26] {Threei}  nice
[15:26] {dawg} ty Vad
[15:26] {dino} gj
[15:26] {dawg} ty dino
[15:29] {Threei}  should give one more bounce
[15:31] {Threei}  DNDN
[15:31] {Threei}  CEO: DATA FROM PHAS III STUDY RAISED NO RED FLAGS FOR PROVENGE
[15:32] {nemo} downard wedge on FAS
[15:34] {Threei}  scalped DNDN from .70
[15:35] {larisa} nice
[15:37] {Threei}  -400
[15:37] {larisa} why do you want to be right threei?
[15:37] {Threei}  that's my second nature, sorry
[15:37] {Threei}  highly irritating
[15:39] {Threei}  last bounce FAS?
[15:39] {larisa} STT +.20  -.15 scalps HIG +.15 -.10 . Too funny
[15:40] {nemo} interesting sense of humor :)
06[15:42] * larisa optimist and waiting for a bounce to close above 8000
[15:43] {Threei}  whew
[15:43] {Threei}  .98 - .18
[15:43] {Threei}  not for faint heart
[15:43] {larisa} gj
[15:43] {Threei}  above 8000?
[15:43] {larisa} yes
[15:43] {Threei}  okaaayyy...
[15:44] {cosmo} naz?
[15:44] {larisa} LOL
[15:45] {cosmo} only a matter of time
[15:45] {larisa} I am too old to see that :)
[15:45] {Threei}  and creative accounting
[15:46] {cosmo} just a good idea
[15:49] {cosmo} ... like: mirrors just make it look like there's more smoke....
[15:49] {_bobv} or pray lol
[15:49] {dino}  larisa's winning
[15:49] {Threei}  not by my quotes... unless they are wrong
[15:50] {larisa} too many stubborn  threeis holding market down :)
[15:50] {Threei}  lol
[15:51] {_bobv} larisa maybe your dreams can come true in the next 10 minutes
[15:52] {Threei}  0
[15:52] {larisa} bob, you are too new to know : I have POWERS
[15:52] {Threei}  8
[15:52] {Threei}  no way
06[15:52] * Threei smakcs the market over the head with 2x4
[15:52] {dino} lol
[15:52] {dino} she's like a vamp, puts you under her spell
[15:53] {Threei}  7
[15:53] {Threei}  down boy, down
[15:53] {nemo} scary...is your family from the Altai Larisa?
[15:53] {_bobv} lol
[15:53] {Threei}  from Transilvania, according to dino
[15:53] {nemo} that would make her Romanian
[15:54] {dino} dead in dixie
[15:54] {Threei}  Vlad the Impaler is her grandgrand
[15:55] {Threei}  (US) PRESIDENT OBAMA: NATIONALIZATION OF US BANKS WOULD NOT MAKE ANY SENSE - BBC INTERVIEW
[15:56] {cosmo} maybe then just the Fed
[15:56] {Threei}  4
[15:57] {Threei}  giving up yet larisa?
[15:57] {nemo} Laaaaaarrrrrrriiiisssssaaaa
[15:57] {larisa} Looks like this is a mans World still
[15:57] {nemo} Reminds me of a joke
[15:58] {Threei}  only quality men {G}
[15:59] {nemo} Big guy gets up in the morning tells his wife to put on his jeans.  She says, there so big I'm swimming in them.  He says, you just remember who wears the pants in the family!!!  So, wife says to him, "Why don't you try on my jeans."  He says, "I can't even get half a leg into them."  She says, "That's right.  And if you ever want to get in my pants again...you remember who's boss!!!
[16:00] {larisa} my point was different:)
[16:00] {Threei}  lol
[16:00] {Threei}  okay guys... quite a day
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good evening
[16:00] {nemo} I know, I was being supportive outside of my usual boorish behavior
[16:00] {Threei}  see you tomorrow
[16:00] {nemo} P&Q
[16:01] {larisa} happy i missed most of it, see you later :)
[16:01] {_bobv} bye
[16:02] {cosmo} hmm... its end day
[16:03] {cujo} c ya all tomorrow. 

Monday, February 9, 2009

Feb 09 2009

Couple trades worked like charm in the morning, and that's when we should have just gone back to sleep. Whole rest of the day with rare exceptions was just a colossal waste of time and cutting into morning profits.
 
Session Time: Mon Feb 09 00:00:00 2009

[07:34] {nemo} Haroo?
[07:57] {hawkfan4} good morning
[07:57] {nemo} How'd the hawks do this weekend?
[07:59] {hawkfan4} I know they lost to Vancouver pretty bad Saturday
[07:59] {nemo} Sorry...
[08:00] {hawkfan4} u use laser nemo?
[08:01] {nemo} try to...I use Laser for taxable
[08:01] {nemo} I'm switching from Fidelity to IB because of the fees
[08:02] {nemo} I use chart indicators, and I have to give Fidelity credit, they have a most elegant charting package
[08:02] {hawkfan4} I have a couple IB accts still, they're not bad, but Laser is way better for daytrading
[08:03] {nemo} Yeah, that level II trading interface can't be beat
[08:05] {Threei}  Good morning
[08:05] {nemo} Hallo
[08:05] {Threei}  DRYS
[08:05] {Threei}  ANNOUNCES PRELIMINARY AGREEMENT WITH NORDEA BANK FOR A COVENANT WAIVER ON THE $800M PRIMELEAD FACILITY
[08:05] {Threei}  - reached preliminary agreement with Nordea Bank Finland Plc to obtain a covenant waiver in connection with the $800.0 million Primelead facility, which was used to partially finance the acquisition of Ocean Rig ASA. As of today, the outstanding loan amount under the facility is $650.0 million
[08:05] {Threei}  HIG, that's some gap
[08:05] {hawkfan4} no kidding
[08:05] {hawkfan4} Vad, u having quote issues with Laser ?
[08:05] {Threei}  no... looks fine
[08:05] {Threei}  what stock?
[08:06] {magoo} morning
[08:06] {hawkfan4} hmm, ok, no, says my quote connection is bad, keeps doing it
[08:06] {Threei}  magoo :)
[08:14] {magoo} news SOHU? up 5
[08:14] {Threei}  02/09/09 03:00am
[08:14] {Threei}  [SOHU] Sohu.com Inc Reports Q4 $1.50 v $1.16e, R $121.6M v $121.0Me
[08:14] {Threei}  - Guides Q1 EPS $1.05-1.10 v $1.01e, R $111.5-115.5M v $117.5Me
[08:14] {Threei}  - Q4 Gross Margins 75% v 74% q/q, v 71% y/y
[08:16] {hawkfan4} gern moving
[08:16] {Threei}  BALTIC DRY BULK INDEX +11%, 15TH STRAIGHT INCREASE
[08:21] {Threei}  maybe today is the day for GERN... but thing is so treacherous on breaks
[08:22] {Threei}  on pullbacks though it's more predictable
[08:23] {Threei}  jeez FAS
[08:25] {Threei}  (EU) EU'S JUNCKER: REITERATES HIS CONCERN REGARDING LACK OF COORDINATION IN EU
[08:30] {larisa} good morning :)
[08:30] {Threei}  larisa :)
[08:30] {larisa} threei :)
[08:31] {cujo} good morning. 
[08:31] {Threei}  cujo :)
[08:38] {Threei}  BAC resurrection
[08:38] {Threei}  or was that alien
[08:38] {Threei}  or they both are similarly ugly
[08:39] {Threei}  (RU) REPORTEDLY RUSSIAN PRES MEDVEDEV: CAN MEET SPENDING WITHOUT EXCESSIVE LOANS
[08:46] {Threei}  PIMCO'S BILL GROSS: LOOKING FOR AN EXPANSION OF TALF INTO COPRORATE BONDS AND CMBS TOMORROW
[08:50] {ese} morning all
[08:50] {Threei}  ese :)
[08:50] {ese} lousy news....market goes up......what does that tell ya
[08:50] {ese} morning vad
[08:51] {cosmo} tery're all masocists
[08:51] {Threei}  lol
[08:51] {cosmo} they're
[08:51] {ese} exactly what i would have said
[08:53] {Onix} Good morning all
[08:55] {cosmo} drys up....
[08:56] {ese} dinos butt has to be geting sore by now....
[08:57] {cosmo} i can emphasize
[08:58] {Threei}  onix :)
[08:58] {ese} onix
[08:59] {Threei}  PALM ticking
[09:00] {Threei}  shorts really get fried on HIG
[09:00] {dino} gm all
[09:01] {Threei}  dino :)
[09:01] {Threei}  welcome aboard wulff
[09:01] {cujo} morning wulff
[09:02] {Threei}  so, Geithner's announcement is pushed to Tuesday
[09:02] {dino} sounds familiar
[09:02] {Threei}  yeah
[09:02] {dino} think sept.
[09:02] {Threei}  for today, it's stimulus plan all opver the news
[09:03] {buyemsellem} gm all. Hey Cujo, how was the market on Saturday?
[09:04] {Threei}  buyem :)
[09:04] {cujo} :)
[09:05] {ese} wulff.....join the crew....welcome
[09:06] {dino} lol buyem
[09:08] {wulff} sorry was away. TY
[09:09] {Threei}  VPHM
[09:09] {Threei}  MARIBAVIR IN BONE MARROW TRANSPLANT PATIENTS FAILED TO ACHIEVE PRIMARY, SECONDARY ENDPOINTS IN PHASE 3 CLINICAL TRIAL
[09:10] {Threei}  HIG is pulling back finally
[09:12] {Threei}  if it sells off sharply at the open, will be big bounce candidate... tough read though, makes wild swings
[09:15] {Threei}  working assumption so far is creep-up day
[09:15] {Threei}  but headlines from high above can do anything as we wll know
[09:17] {fernp} Hello everybody
[09:17] {Threei}  fern :)
[09:17] {ese} fern
[09:19] {Onix} hi fern
[09:20] {fernp} morning ese, onix
[09:21] {Threei}  trailing stop for the PALM swing position is under 8 now
[09:21] {Threei}  do not intend to lose any single cent on it
[09:21] {Threei}  and if it does go that low, will be looking for another entry
[09:22] {ese} didn't realise you had a swing going on with Palm Vad....where were you in?
[09:22] {Threei}  7.70... open from Wed
[09:22] {nemo} Vad swings with Palm...not going there
[09:23] {dptl} good morning all
[09:23] {Threei}  dp :)
[09:23] {ese} DDDDDDPPPPPPPP!!!!!!
[09:23] {dptl} :)
[09:25] {KSystems} good morning :)
[09:25] {cujo} morning KS
[09:25] {ese} ksys!
[09:25] {KSystems} hey cujo
[09:25] {nemo} Gruess dich...
[09:25] {KSystems} ese :) nemo :))
[09:26] {Threei}  ks :)
[09:28] {Onix} hi ks
[09:28] {_bobv} good morning!
[09:28] {Threei}  bobv :)
[09:29] {Threei}  I can't bring myself to call breakout on HIG here
[09:29] {dino} saddle-up
[09:29] {wulff} aapl beaks 100
[09:33] {Threei}  morning vint, welcome aboard
[09:34] {Threei}  HIG... grrr
[09:34] {vint} thanks vad, vint=vinthombre
[09:34] {dino} vrtx, simple gap fill or worse
[09:34] {Threei}  thank you for shortening it... :)
[09:35] {dino} earnings tonight vrtx
[09:35] {Threei}  HIG pullback to about 14.60 is long
[09:35] {Threei}  keep it to half lot, wild animal
[09:35] {cosmo} GERN hod = .45
[09:35] {cosmo} so far
[09:36] {hawkfan4} technical difficulties, back in a bit
[09:37] {wulff} Rimm?
[09:37] {Threei}  in .66, stop under .40
[09:37] {nemo} what, HIG?
[09:37] {Threei}  yes
[09:38] {nemo} bummer
[09:38] {Threei}  half out .85
[09:38] {nemo} FAS pulling back
[09:38] {Threei}  stop to .55
[09:39] {Threei}  out 15
[09:41] {Threei}  RIMM should pull back now to 60 or just under
[09:41] {dino} dltr sm l .10
[09:42] {Threei} Long Setup:  RIMM  60.10 break
[09:42] {Threei}  if holding above 60
[09:42] {nemo} rimm
[09:42] {nemo} nevermind
[09:43] {cosmo} GERN tests 8.45 soon
[09:43] {cosmo} i think
[09:43] {magoo} HIG 16 prob
[09:44] {Threei}  RIMM invalidated, wouldn't follow ther market
[09:44] {dino} kick it
[09:44] {Threei}  GERN 8.50 big resistance to break on daily
[09:45] {wulff} amzn pullback
[09:45] {Threei}  didn't work on any previous break attempt
[09:45] {cosmo} k
[09:45] {Threei}  maybe today is the day... no way to tell really
[09:45] {cosmo} i'm an optimist
[09:46] {Threei}  VPHM got killed
[09:47] {Threei}  [09:09] {Threei} VPHM
[09:47] {Threei}  [09:09] {Threei} MARIBAVIR IN BONE MARROW TRANSPLANT PATIENTS FAILED TO ACHIEVE PRIMARY, SECONDARY ENDPOINTS IN PHASE 3 CLINICAL TRIAL
[09:48] {Threei} Long Setup:  HIG  15.30 break if holding .20
[09:50] {ese} dino vphm?
[09:51] {dino} celg
[09:51] {dino} sm l .40
[09:53] {Threei} Long Setup:  STT  .20 break half lot
[09:53] {Threei}  stop under 31
[09:53] {dino} hmmm
[09:53] {dino} vphm around the lows maybe, lots of q's on it
[09:54] {dino} i'll watch for feel
[09:55] {Threei}  lost 31, look for bounce off 30.50
[09:55] {ese} Q's dino??
[09:55] {Threei}  HIG really consolidates for anothermarch up it seems
[09:55] {dino} celg stop is .07 fwiw
[09:56] {dino} celg stopped -.33
[09:56] {dino} the cubes?
[09:56] {dino} don't usually trade them
[09:57] {dino} celg rinse r oni
[09:58] {dino} dltr stop to .49
[09:58] {dino} stopped .49, +.39
[09:58] {Threei}  STT bounced precisely off .51 but I don't think it gave an entry chance
[09:59] {nemo} dino, you get alot of milk out of that cow
[09:59] {dino} lol
[09:59] {dino} well if its' free....
[09:59] {cujo} got a little piece Vad.
[09:59] {nemo} talkin about the stock? or?
[09:59] {Threei}  where did you catch it?
[09:59] {cujo} .58
[09:59] {Threei}  very nice
[09:59] {cujo} thanks
[10:00] {dino} :)
[10:01] {dino} wmt gap around 48.50 fwiw
[10:02] {dino} gj cujo
[10:02] {dino} stepping back for min.
[10:04] {Threei}  FAS, if drops qwuickly into .60 area is bounce candidate
[10:09] {Threei}  these bounces are occuring off readable zones but not exact prices for the call
[10:09] {Threei}  kind of "if you get a read on it, great, if not stay away"
[10:09] {nemo} so we have to go with French ranges as opposed to German precision?
[10:10] {Threei}  that's often the case
[10:10] {Threei}  pullbacks in an uptrend are easier to nail down to exact price
[10:10] {Threei}  but we don't have uptrend today so far
[10:11] {nemo} Well, considering Thu and Fri, some consolidation would be in order.  We are in a Depression you know...
[10:11] {dino} itt sm l off the hod
[10:12] {Threei}  OK{ looks like change of heart in the market
[10:12] {Threei} Long Setup:  HIG  half lot .10 break
[10:12] {Threei}  stop under .95
[10:13] {dino} you depressed nemo?
[10:13] {dino} c'mon, lets have fun w/the sh#t market
[10:15] {dino} waiting on wmt,dltr, fdo, itt, vrtx, celg
[10:16] {Threei}  HIG is not a scalp for me
[10:17] {Threei}  anyone found entry on FAS?
[10:17] {cujo} y
[10:17] {magoo} me either vad
[10:17] {cujo} in .725
[10:17] {cujo} out for scalp
[10:17] {Threei}  :)
[10:18] {cujo} :)
[10:18] {nemo} about 10 minutes ago @ .70 stop under .60
[10:19] {nemo} 12 minutes ago
[10:19] {dino} gj guys
[10:20] {magoo} hawk..gs read
[10:20] {Threei}  1:1 HIG
[10:20] {Threei}  whatever you chose, partial or hold, stop is trailed to just under 15
[10:20] {Threei}  if you take scalp, do not trail stop {G}
[10:21] {wulff} HIG +.18
[10:21] {Threei}  AMZN
[10:21] {Threei}  FORMALLY RELEASES THE KINDLE 2 ELECTRONIC READER FOR $359
[10:21] {Threei}  - ships feb 24
[10:22] {dino} celg sm l .20, last try
[10:22] {Threei}  I'll be intereasted when that reader can just read instead of me doing that, as name implies... and transfer the knowledge to me
[10:22] {nemo} vulcan mind meld
[10:22] {Threei}  half out HIG .31
[10:22] {Threei}  stop to .05
[10:23] {magoo} AAPL animal vad
[10:23] {cosmo} i'm holding out for the implant...
[10:25] {nemo} cosmo, it'll come with a GPS chip so the gubmint will know where you are
[10:26] {_bobv} there´s no direction right now for ES futures
[10:27] {Threei}  mags... still riding hig or lightening the load?
[10:28] {dino} sort of like me bobv
[10:29] {magoo} half out boss
[10:29] {cujo} would you get back into HIG at around .20 Vad?
[10:29] {wulff} short day see ya
[10:31] {dino} cya
[10:32] {magoo} take care wulff
[10:32] {Threei}  TREASURY'S GEITHNER REPORTEDLY TO TESTIFY BEFORE SENATE BANKING PANEL ON THE TARP AT 2:30PMET ON TUESDAY
[10:33] {cosmo} sounds 'down and dirty'
[10:33] {Threei}  on the tarp? :)
[10:33] {Threei}  cosmo... your imagination... lol
[10:33] {cosmo} yeah.... the mat if you like
[10:35] {dino} so now pushed to wednesday
[10:35] {Threei}  you assume?
[10:35] {cosmo} its eternal...
[10:35] {Threei}  I don't see it announced
[10:35] {dino} spelling error in last release vad, it's carp, not tarp. lunch issues
[10:36] {nemo} no...it's TRAP
[10:37] {nemo} C&H on HIG?
[10:37] {Threei}  ok... as if whole thing was not complicated enough, they misspell vital parts... like senate lunch menu
[10:38] {dino} :)
[10:38] {Threei}  yes nemo but I hate playing breaks on it
[10:38] {dino} new chef i think, need details
[10:39] {nemo} afraid it might be a topping formation?
[10:39] {Threei}  it's generally not a breakout stock
[10:39] {Threei}  behaves well on pullbacks if nail entry right, but usually disappoints on breaks
[10:40] {Threei}  1/4 more out .64
[10:40] {Threei}  last portion with stop under .20
[10:41] {nemo} well, looks like its breaking today, bummer
[10:41] {cosmo} solr
[10:41] {cosmo} 5.50
[10:42] {cosmo} so far
[10:43] {_bobv} es futures moving higher, possible breakout of day highs
[10:46] {Threei}  see nemo?
[10:46] {Threei}  break would have trapped you
[10:46] {nemo} I bow to you oh, master...
[10:47] {cujo} Hawk, any read GS?
[10:48] {hawkfan4} working off my backup computer, looks risky here, but my setup is a mess at the moment
06[10:48] * magoo slaps hawkfan4 around a bit with a large cup of coffee to WAKE up
[10:49] {hawkfan4} should go with the market though
[10:49] {Threei}  pullback into .50 however would be a clean scalp
[10:49] {Threei}  I don't like that HIG is not making new highs with market anymore
[10:49] {Threei}  dumping last 1/4
[10:49] {Threei}  +.40 last part
[10:50] {Threei}  +.21 and .54 previous partials
[10:50] {hawkfan4} great call vad
[10:50] {Threei}  ty
[10:51] {Threei}  you guys saw laser announcement?
[10:51] {hawkfan4} yes
[10:51] {Threei}  okay
[10:51] {cujo} thanks HAwk
[10:54] {hawkfan4} np cujo
[10:54] {dino} out celg .64, +.44
[10:55] {ese} that worked dino ...good one
[10:57] {dino} out itt .15, +.40
[10:57] {dino} ty es
[10:58] {dino} t sm l .00
[10:58] {ese} didn't know you were in itt.......just looked at it nice
[10:59] {magoo} vad..i see m,message..says its easy fix...u know how?
[10:59] {Threei}  no, it says contact dave for easy fix
[10:59] {magoo} ok
[11:00] {Threei}  MS
[11:00] {Threei}  INTEND TO COTNINUE TO PAY DIVIEND
[11:00] {dino} [10:11] {dino} itt sm l off the hod\
[11:00] {Threei}  creep-up day starts shaping up
[11:00] {dino} vrtx interesting
[11:00] {Threei}  FAS buyable pullback
[11:01] {Threei}  .10 is closest support
[11:01] {Threei}  watch for dive under .20
[11:01] {Threei}  .15 area should be ideal for entry
[11:05] {Threei}  no worky
[11:08] {Threei} Long Setup:  AMZN  .05 half lot
[11:09] {Threei}  if stays above 65.90
[11:10] {ese} long NUAN .07 sm
[11:19] {magoo} anyone in amzn w/me?
[11:20] {Threei}  you are all alone in those jungles mags
[11:20] {buyemsellem} I'm in there, no machete
[11:20] {Threei}  and anacondas all over
[11:20] {Threei}  AMZN is holding like champ...needs market reversal to start working
[11:21] {Threei}  I am comfortable with 15 cents stop on a half lot
[11:22] {Threei}  market strong upticks
[11:22] {Threei}  come on you musty bookstore...
[11:23] {Threei}  no worky
[11:23] {Threei}  65.50 isd next area of interest
[11:26] {dino}  celg
[11:27] {dino} sm l .23
[11:37] {Threei}  bobv, dcc please
[11:37] {Threei}  AMZN perfect bounce off .56
[11:38] {Threei}  and just as perfectly impossible to call at the time, lol
[11:38] {Threei}  this is a trademark of todays trades
[11:38] {cujo} :)  
[11:38] {Threei}  cujo... don't tell me you got it
[11:38] {cujo} no
[11:38] {Threei}  I'll get jealous
[11:38] {cujo} but it has been a consistent theme today
[11:38] {Threei}  yeah
[11:42] {Threei}  HIG
[11:42] {Threei}  big fast pullback
[11:44] {Threei}  .30 is closest support
[11:49] {dino} cat sm l .05
[11:52] {Threei} Long Setup:  HIG  .40 if holding above .30
[11:54] {magoo} in
[11:57] {Threei} Long Setup:  FAS  .08 if stays above 11
[11:59] {Threei}  let's go market, you look ready
[12:00] {magoo} magoo takes his shotgun sites off raven and points at market...get movin slowly off his lips 
[12:00] {vint} probably waiting for word from Obama shortly
[12:01] {magoo} news"obama to name cousin osama as defense secretary"
[12:04] {Threei}  HIG lost will to live
[12:07] {dino} lol
[12:10] {Threei}  gotyta wait out this period of narrow directionless up and down
[12:11] {Threei}  (US) PRESIDENT OBAMA: 90% OF THE JOBS CREATED BY STIMULUS PACKAGE WILL BE PRIVATE JOBS, CRISIS IS "DEEP AND DIRE"
[12:13] {elepet} hello from hot sunny Mexico. internet off and on. on for the moment
[12:13] {larisa} hi elepet :)
[12:16] {Threei}  elepet :)
[12:17] {_bobv} jajaja
[12:17] {Threei}  strong feeling that market prepares for a 'ally
[12:17] {_bobv} same thing for colombia elepet
[12:18] {Threei}  ok, probably one more little pullback in order, then ramp-up
[12:20] {magoo} candidates vad
[12:20] {Threei}  want FAS under 11.10
[12:20] {Threei}  RIMM.60 break if stays above .45
[12:21] {Threei}  RIMM invalidated
[12:21] {Threei}  AAPL is probably better candidate
[12:22] {Threei}  .85 long
[12:26] {elepet} fas . or did i miss something?
[12:27] {elepet} this is slightly crazy. some things work some don't
[12:27] {Threei}  half out AAPL on a spike above 103
[12:28] {Threei}  FAS never lost .10, had to get it above
[12:30] {magoo} kickin AAPL 
[12:33] {ese} outta here...still long NUAN...it ain't doin much will exit at end of the day
[12:33] {Threei}  take care ese
06[12:33] * magoo slaps ese around a bit with a large roll of cash
[12:33] {ese} tks needed that
[12:36] {Threei}  let's see if this pullback gives us FAS entry
[12:38] {Threei}  ECB: HYBRID SCHEME FOR BAD BANKS, AND ASSET PURCHASES SHOULD BE CONSIDERED BY GOVERNMENTS - DRAFT
[12:39] {cujo} b MCD .31
[12:41] {Threei}  US TREASURY SPOKESPERSON: GEITHNER PLAN TO BE ANNOUNCED TOMMOROW IS 'COMPREHENSIVE', BANK RESCUE PLAN 'IN TACT';
[12:44] {Threei}  market lost it again
[12:44] {cujo} MCD -.08
[12:45] {Threei}  US PRESIDENT OBAMA: STIMULUS PACKAGE TO 'DOUBLE' ALTERNATIVE ENERGY PRODUCTION IN THE US
[12:46] {nemo} I love when politicians make pronouncements about how their actions will pan out
[12:51] {Threei}  is it me or it's next to impossible to get pubback entries right today
[12:51] {Threei}  missed frikin FAS again
[12:51] {nemo} it's you
[12:51] {larisa} and us :)
[12:51] {magoo} your right
[12:51] {nemo} Larisa is soooooo........Larisa
[12:52] {Threei}  look at it go
[12:52] {nemo} hi larisa...
[12:53] {larisa} hi captain :)
[12:54] {nemo} cute :)
[12:54] {nemo} I'm having identity problems, I don't know whether I'm Oddyseus, an undersea madman, or a fish
[12:55] {magoo} someone else kick AAPL for awhile...tired
06[12:56] * nemo throws a reverse long side kick at aapl
[12:57] {magoo} dude..wrong end
[12:58] {nemo} sorry...
[12:58] {nemo} It usually works on real bodies
[12:58] {nemo} might get your FAS pullback
[13:00] {Threei}  feels like FAS just wants to go up into the finanscial rescue package announcement, setting the trap for buyers on announcement itself
[13:00] {nemo} Didn't it peak out @ about 12 recently
[13:01] {Threei}  12.33
[13:01] {Threei}  01/28
[13:01] {nemo} That would be coincidental with the announcement.  Yep, scary
[13:02] {Threei}  market next leg up is coming
[13:02] {nemo} Where to mon frere?
[13:03] {Threei}  should tag day high this time, then consolidate again
[13:04] {Threei}  SMSC
[13:04] {Threei}  GUIDES Q4 AT HIGH END OF R$45-51M V $47.1ME, GUIDES Q1 HIGHER THAN Q4 V $53.3ME
[13:04] {dino}  smsc
[13:07] {Threei}  GE... non-stop
[13:08] {Threei}  US SENATE MAJORITY LEADER REID: MUST COMPLETE STIMULUS BILL WORK THIS WEEK
[13:08] {Threei}  this week?
[13:08] {larisa} lol
[13:08] {Threei}  what happened to 3 previous dates
[13:09] {larisa} similar to daytraders, flexible and change their mind a lot
[13:09] {vint} looks like FAS has few more days on upside
[13:12] {nemo} Interesting for you history buffs. GE's 52 week low was 10.66
[13:15] {hawkfan4} GS coiled
[13:16] {vint} vad- time for HIG to breakout? up or down...moving in very narrow range?
[13:16] {Threei}  I'd leave this thing alone
[13:16] {Threei}  doesn't go with financials
[13:16] {Threei}  doesn't go with market
[13:16] {Threei}  nothing to hang your hat on
[13:16] {vint} got it, thanks
06[13:18] * nemo says pretty please to apple for Magus
[13:20] {Threei}  what's this about?
[13:21] {nemo} You mean the pull back?
[13:21] {Threei}  if you can call it that
[13:21] {Threei}  rather like smashing one's forehead of lamp post and dropping like a potato bag
[13:22] {nemo} When did we go out drinking?
[13:24] {magoo} ill be back..gotta reboot
[13:25] {nemo} Mags must be watching porn again
[13:32] {Threei}  FAS, looking for entry near .20
[13:33] {Threei}  first strength from here
[13:34] {nemo} full or half lot
[13:34] {Threei}  in
[13:34] {Threei}  .21
[13:34] {Threei}  stop under .15
[13:34] {Threei}  full, stop is small
[13:34] {vint} in
[13:35] {Threei}  come on, time to bounce, really
[13:35] {dawg} Vad pick up some more PALM here?
[13:36] {Threei}  not sure, not much life to it today
[13:36] {dawg} k
06[13:38] * Threei kicks market, FAS and neighbor passing by in the rear
[13:38] {nemo} wow, you're flexible
[13:42] {nemo} eh...lunch doesn't get over for another 20 minutes
[13:43] {Threei}  half out .30
[13:45] {nemo} see the teleport @ 13:43
[13:46] {Threei}  if drops under .20, want to try to get that half back
[13:47] {Threei}  if goes up, looking to sell around .40 or higher, and enter STT on .50 break if stays above .35
[13:47] {Threei}  half lot for STT
[13:47] {nemo} stt
[13:49] {dino} vrtx sm l .32
[13:54] {Threei}  time for someone to come out and say they have enough votes to pass the bill
[13:54] {Threei}  can they work for us just once?
[13:54] {nemo} Why should things change?
[13:56] {Threei}  FR) FRENCH WORKER UNIONS REPORTEDLY ASKING FOR A NATIONWIDE STRIKE ON MARCH 19 FOR PROTESTS OVER ECONOMIC SITUATION -
[13:57] {Threei}  lol
[13:57] {Threei}  ain't it a beauty
[13:57] {nemo} did you buy back Vad
[13:58] {Threei}  .21
[13:58] {Threei}  saem price, same stop
[13:58] {nemo} STT aproaching .50
[14:01] {Threei}  out half FAS .34
[14:01] {dino} chanserv is tough
[14:02] {Threei}  didn't STT invalidate?
[14:02] {magoo} back
[14:05] {hawkfan4} STT hit .32
[14:11] {nemo} buying again vad?
[14:11] {Threei}  not sure about third time
[14:11] {nemo} twice is twice...
[14:11] {Threei}  will let it stay as it is
[14:12] {Threei}  market is badly confused about what it wants
[14:13] {vint} did FAS developed bear flag and going down ?
[14:13] {Threei}  ummm
[14:13] {Threei}  contradictive sentence
[14:14] {Threei}  for a bear flag it had to show small bounce on a shallow volume
[14:14] {Threei}  not what happened
[14:14] {vint} oh..yes
[14:14] {vint} thanks!
[14:24] {hawkfan4} anyone know the easy fix for the Laser quote problem?
[14:25] {Threei}  dave does
[14:25] {hawkfan4} ok, thx
[14:26] {Threei}  selling accelerates
[14:26] {Threei}  no news
[14:28] {Threei}  market often experiences hangover on Mondays, but with today's events and expectations feeling was it had a chance for more direction than this
[14:28] {magoo} i do hawk dcc
[14:28] {Threei}  instead we got old http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[14:29] {larisa} funny. looks like he is suffering from global warming too :)
[14:30] {magoo} HAWK DCC
[14:30] {hawkfan4} thx mags
[14:32] {magoo} :)
[14:32] {magoo} call me losermagoo
[14:32] {magoo} oops laser that is lol
[14:35] {Threei}  let's start lookinh for reversal entries?
[14:35] {nemo} FAS .00 stop .95?
[14:35] {Threei}  break of
[14:35] {nemo} 11
[14:35] {Threei}  .95 I don't know
[14:35] {Threei}  doesn't look right
[14:36] {Threei}  low is .93 on the last drop
[14:36] {nemo} quasi ouble bottom she's beggining upward wedge and it's after lunch now
[14:36] {Threei}  that's tru... just stop too tight
[14:37] {magoo} how about AAPL vad..strong
[14:37] {magoo} or RIMm nears low
[14:38] {Threei}  can't tell anything on those two
[14:38] {magoo} with mkt of couser
[14:38] {Threei}  they don't have their own formations
[14:44] {Threei}  hate these sudden up and down jerky moves
[14:49] {magoo} i just luv 'um lol
[14:49] {Threei}  sigh
[14:51] {Threei} Long Setup:  DRYS  .40 break , stop under .25
[14:51] {Threei}  for scalpers stop under .30
[14:52] {cujo} in .43
[14:58] {Threei}  will we reverse today at all??
[15:01] {magoo} frustrating eh?
[15:02] {Threei}  feels like it's time
[15:04] {Threei}  but every time it's ready, it gets smacked down
[15:04] {Threei}  whoa
[15:04] {Threei}  DRYS
[15:04] {Threei}  out
[15:04] {cujo} wow
[15:04] {Threei}  .55
[15:04] {cujo} hit my limits fast
[15:04] {cujo} geez
[15:04] {Threei}  what was that?
[15:04] {Threei}  not that I mind
[15:05] {cujo} that was inpressive...
[15:05] {nemo} sometimes it's better to be lucky than good
[15:05] {larisa} i helped you a little so you feel better :)
[15:05] {Threei}  thank you
[15:05] {larisa} yw
[15:05] {Threei}  how did you do that? :)
[15:05] {cujo} just said that to KS about an hour ago....
[15:05] {larisa} I have my ways
[15:05] {nemo} what, that you helped cujo?
[15:05] {nemo} shaman people...geez
[15:06] {cujo} no, better lucky than good
[15:06] {nemo} oh
[15:07] {Threei}  larisa, if I buy DRYS again, will you do that once more?
[15:07] {larisa} no
[15:07] {Threei}  sigh
[15:08] {Threei}  no news to warrant that
[15:08] {Threei}  just teleportation
[15:08] {Threei}  oprogram trading gone wild
[15:09] {Threei}  having order out there at .55 was just what doctor prescibed
[15:10] {vint} mine was at .60
[15:10] {Threei}  3 cents shy
[15:10] {Threei}  topped at .57
[15:10] {vint} yep
[15:13] {Threei}  look at this chop
[15:14] {nemo} lota volatility in the S&P
[15:14] {Threei}  it;s scalpable, just dopn't chase anything
[15:14] {Threei}  these sharp drops are buyable for 10 cents spikes
[15:15] {nemo} yeah, might get reverse scalped
[15:15] {Threei}  DRYS just did it to .36 and back to .45
[15:15] {Threei}  FAS to 10.90 and back ro 11.04
[15:15] {dino}     zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[15:15] {Threei}  requires some steel body parts though
[15:16] {nemo} or zoloft
[15:17] {Threei}  vint... put order above .50 in on DRYS, in case it does it again
[15:17] {larisa} I made 2 snow people yesterday, snowgirl and snowguy. Hope neighbours will not call police on me.
[15:18] {vint} yep, trying at .55
[15:18] {Threei}  depends on how you equipped them
[15:18] {larisa} life like.. I am artsy, you know
[15:19] {nemo} I think positioning might be an issue
[15:19] {Threei}  lol
[15:19] {cosmo} abominal maybe?
[15:20] {larisa} lol, no :)
[15:21] {nemo} careful Mags might have to reboot again
[15:21] {cosmo} abominable?
[15:21] {nemo} Bumbles
[15:22] {nemo} FFFFAS!!!!
[15:22] {larisa} 'ally, back to trading
06[15:22] * magoo slaps nemo around a bit with a large trout
[15:22] {magoo} oldie but goodie
[15:22] {nemo} nemo pulls off larisa's snow people's appendages and throws them at Magoo
[15:23] {nemo} oops, forgot.
[15:23] {cujo} Vad, PALM break above 8.15?
[15:24] {Threei}  not sure cujo
[15:24] {Threei}  PALM kind of take backseat in this battle of bills
[15:24] {cujo} got ya. 
[15:25] {dino} vrtx stop to .47
[15:25] {dino} stopped +.15, bad entry
[15:30] {Threei}  if market remains tru to its today's self, FAS should drop to under .20 now
[15:30] {Threei}  then spike to who knows where
[15:37] {Threei}  hard to imagine anyone willing to be short FAS into tomorrow
[15:37] {vint} not me
[15:37] {vint} unless u tell
[15:37] {Threei}  no way
[15:38] {vint} :)
[15:39] {Threei}  here comes drop under .20
[15:40] {Threei}  in .13
[15:40] {dptl} have a good evening all
[15:40] {Threei}  take care dp
[15:40] {Threei}  stop under 11
[15:40] {Threei}  for extreme scalpers under 11.10
[15:40] {vint} in .13
[15:42] {Threei}  come on, should try for .30 or so
[15:43] {nemo} I thought you were scalping
[15:43] {Threei}  should have
[15:43] {nemo} FAZ still showing strength
[15:45] {patience} i am a doubting thomas...lining up my shopping list and watching qid
[15:52] {Threei}  come on market, how about some short covering for the last minutes
[15:52] {Threei}  all 8 of them
[15:52] {dino} ok
[15:53] {Threei}  larisa... apply your powers
[15:53] {larisa} can not. I only do it when you are to unhappy and remind me of magoo too much. now you are ok.
[15:53] {nemo} Remind her of Magoo...ooohhhhh
[15:54] {magoo} good times :)
[15:54] {nemo} heheheheheh
[15:54] {nemo} need to reboot Vad?
06[15:54] * Threei slaps nemo around a bit with a large trout
06[15:55] * nemo takes it willingly because he deserves it
[15:55] {dino} lol
[15:56] {nemo} that's not funny Mags
[15:56] {Threei}  useless market today
[15:57] {Threei}  out FAS
[15:59] {dino} out celg .23 flat
[15:59] {vint} out 
[15:59] {cujo} ugh
[16:00] {Threei}  oh well
[16:00] {larisa} bye all, better day tomorrow! :)
[16:00] {dino} cya larisa
[16:00] {nemo} Let's call it a day.  P&Q
[16:00] {Threei}  had to stop trading after two morning trades, lol
[16:00] {cujo} :)
[16:00] {Threei}  okay guys, tomorrow will be at least interesting
[16:00] {vint} morning calls worked great
[16:01] {Threei}  yeah, the rest was waste of profits
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {buyemsellem} thanks see you tomorrow
[16:01] {vint} see u all on wed, might be out tomorrow
[16:02] {magoo} y all
[16:02] {magoo} ty
[16:11] {dino} ok gotta hop, take care all

Friday, February 6, 2009

Feb 06 2009

Very nice end for a strong week. Not only our day trades and scalps worked, our swing trade on PALM opened on Wed went up a dollar. More and more trades work for more than just scalps. 

Session Time: Fri Feb 06 00:00:00 2009

[07:44] {ese} good morning.....i'm real early this time
[07:52] {Threei}  good morning
[07:54] {hawkfan4} morning vad :)
[07:55] {Threei}  hawk :)
[07:56] {Threei}  you got quotes?
[07:56] {hawkfan4} can't get in Laser yet
[07:56] {Threei}  ok
[07:56] {Threei}  normally it's up from one hour ago
[07:57] {Threei}  but sometimes someone's asleep at the switch
[07:57] {hawkfan4} i have esig running though.  HIG at 12
[07:57] {Threei}  wow... nice beating
[07:57] {Threei}  although there goes our ideal scenario
[07:58] {hawkfan4} yep
[08:00] {Threei}  ese... insomnia?
[08:06] {nemo} Harooo?
06[08:07] * nemo nemo hands magoo a cup of coffee and says "good morning"
[08:08] {Threei}  nemo :)
[08:09] {nemo} gm Vad
[08:12] {magoo} sheesh
[08:12] {magoo} morning
[08:12] {cosmo} agree
[08:12] {Threei}  sheesh to you too magoo
[08:13] {nemo} Here's a good word for you Magoo "Scheiss"
[08:13] {magoo} scheister
[08:14] {magoo} u play HIG last nite vad?
[08:14] {nemo} might be where it comes from mags
[08:14] {Threei}  larisa hit it for .40 on a short side
[08:14] {magoo} hawk?
[08:14] {magoo} nice
[08:15] {Threei}  nice bid to begin the day on PALM
[08:22] {larisa} good morning :)
[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN
[08:22] {Threei}  BALTIC DRY BULK INDEX +9.6%, 14TH SUCESSIVE GAIN
[08:22] {Threei}  larisa :)
[08:22] {hawkfan4} es, my back is fine and i did the same thing ;)
[08:22] {larisa} threei :)
[08:24] {magoo} i had opposite affect last nite
[08:24] {Threei}  GERN again
[08:25] {magoo} drank all dinos beer here...fell down our office steps when leaving..and hurt my back lol
[08:25] {hawkfan4} lol
[08:26] {ese} too funny mags
[08:26] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH
[08:27] {hawkfan4} is that fresh?
[08:27] {Threei}  1 min
[08:28] {hawkfan4} thanks
[08:28] {Threei}  (US) UPDATE: PRES OBAMA 'GUARANTEES' HE WILL SIGN EXECUTIVE ORDER FOR STEM CELL RESEARCH - WASHINGTON TIMES
[08:28] {Threei}  - "I guarantee you that we will sign an executive order for stem cells," Pres Obama{STEM GERN AVII ASTM OSIR CYTX KOOL VIAC}
[08:29] {hawkfan4} i just like to call them KOOL and the gang
[08:30] {Threei}  JAN UNEMPLOYMENT RATE: 7.6% V 7.5%E
[08:30] {Threei}  JAN CHANGE IN NONFARM PAYROLL: -598K V -540KE; CHANGE IN MANUFACTURING PAYROLLS: -207K V -145KE
[08:30] {Threei}  - Prior Dec Nonfarm revised Lower from -524K to -577K
[08:30] {Threei}  - Prior Dec Manufacturing revised from -149K to -162K
[08:31] {Threei}  *JAN AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.2%E; AVERAGE WEEKLY HOURS: 33.3 V 33.3E
[08:31] {Threei}  - Prior Avg Hourly Easrnings revised from 0.3% to 0.4%
[08:32] {Threei}  DRYS ANNOUNCES SALE OF M/V TORO FOR $36.0M
[08:32] {Threei}  BAC buyers
[08:35] {Threei}  HIG's back to low
[08:36] {magoo} what were the HIG numberes?
[08:37] {Threei}  yucky
[08:37] {Threei}  [17:23] {Threei} EPORTS Q4 -$2.71 V $1.30E,
[08:37] {Threei}  [17:23] {Threei} UTS DIVIDEND TO $0.05 FROM $0.32
[08:37] {Threei}  [17:24] {Threei} - Guides FY09 EPS $ 5.80-$6.20v $6.08e
[08:39] {magoo} man...end coming again today?
[08:40] {Threei}  huh?
[08:40] {cosmo} its friday
[08:40] {Threei}  look at the futs
[08:40] {Threei}  NQ +11, SP +5
[08:42] {Threei}  GERN broke 8.10
[08:45] {Threei}  this would be funny if it weren't so sad:
[08:45] {Threei}  PIMCO'S EL-ERIAN: THIS MORNING'S EMPLOYMENT DATA IS OF PARTICULAR CONCERN
[08:46] {Onix} o yes?
[08:46] {Onix} good morning
[08:46] {Threei}  onix :)
[08:47] {elepet} good morning
[08:47] {Threei}  elepet :)
[08:48] {cujo} good morning
[08:48] {Threei}  cujo :)
[08:49] {magoo} news BIIB vader?
[08:49] {magoo} el:)
[08:49] {Threei}  02/06/09 07:34am
[08:49] {Threei}  [BIIB] Biogen Idec, Inc. Reports Q4 $0.93 v $0.92e, R $1.1B v $1.09Be
[08:49] {Threei}  - Guides FY09 EPS above $4.00 v $3.99e, Rev growth expected to be in high single digits v $4.48Be
[08:49] {Threei}  - Guides FY09 capex $210-$250M
[08:49] {Threei}  - Avonex $565.8M v $502.5M y/y
[08:49] {Threei}  - Tysabri $155.6M v $89.6M y/y
[08:49] {Threei}  - Fumaderm $ 10.6M v $9.0M y/y
[08:50] {Threei}  08:39am [BIIB] Biogen Idec, Inc. CEO: It will be difficult to get 100K Tysabri patients by 2010, confirmed new case of PML in the EU yesterday - conf call
[08:50] {magoo} down 3
[08:54] {Threei}  so, plan to bring stimulus bill to the vote yesterday didn't pan out,
[08:54] {Threei}  expect more of headlines today
[08:54] {Threei}  "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"
[08:59] {ese} too funny.....seems like dino gets nailed everytime
[08:59] {Threei}  quite amazing that market goes green on such job data
[08:59] {nemo} everybody expected bad
[09:00] {Threei}  yeah but it's even worse than expected, lol
[09:00] {nemo} Topsy turvy world.  Bad news is good
[09:00] {ese} market turn around sign when bad news creates up day...
[09:00] {Threei}  you guys...
[09:01] {Threei}  preaching to the choire :)
[09:01] {nemo} It's good to be insane
[09:01] {Threei}  that's what cosmo told me for years
[09:02] {Threei}  (using magoo as example)
[09:02] {nemo} "It's good to be the King"  "O.K everybody, thank the Queen for being such a good sport."
[09:02] {dino} gm all
[09:02] {Threei}  dino :)
[09:02] {ese} dino ya made it
[09:03] {Threei}  who happened to watch prez speech yesterday?
[09:03] {dino} yeah, it's a struggle some mornings
[09:03] {Onix} caught quite a bit of it
[09:04] {Onix} he seems very upset and determined
[09:04] {Threei}  I was unpleasantly surprised by it
[09:04] {ese} unpleasantly??
[09:04] {Threei}  very partisan, crass, sarcastic
[09:05] {ese} clarify that one vad
[09:05] {ese} ahhhhhh
[09:05] {Onix} with all these plans, they must do them all right now, for the world is coming to an end
[09:05] {Threei}  that's fearmongering
[09:06] {cosmo} so...there's no hope?
[09:06] {Onix} then they do it, and nothing happens ... nothing improves
[09:06] {Onix} the money just disappears\
[09:07] {dino} i vote, do nothing, let the markets work it out
[09:07] {cosmo} Star Trek has yet to give us the cashless society
[09:07] {dino} they are taking it as a power grab
[09:07] {cosmo} and the holodeck
[09:08] {nemo} I'll believe that when they invent the transporter
[09:08] {Threei}  (RU) REPORTEDLY RUSSIAN Q4 GDP DECLINED 1.9%
[09:08] {dino} i want the transporter
[09:09] {dino} but the auto makers will not allow it (unions stoppoing them)
[09:09] {Threei}  (RU) RUSSIAN PM PUTIN: READY TO LOOK FOR COMPROMISE ON EVERY ISSUE WITH EU
[09:09] {Threei}  why the change of heart
[09:10] {cosmo} transporters may be passe, dino
[09:10] {Threei}  beam me up is in?
[09:10] {cosmo} no... thinking
[09:10] {cosmo} hehe
[09:10] {dino} :)
06[09:11] * Threei thinks himself onto Maui
[09:11] {cosmo} keep trying
[09:11] {cosmo} it'll come
[09:12] {magoo} thats the one inconsistancy with tREK...ferengi want gold....on deep space 9 everyone wants $$...and thats same timeline as next generation
[09:13] {dino} magoo's studying trek i see
[09:16] {Threei}  be back in 5
[09:16] {cosmo} swks
[09:17] {cosmo} Skyworks Q1 profit tops Wall St view; shares upat Reuters(Thu 6:40pm)
[09:17] {dino} rate
[09:17] {cosmo} 5.90 high so far
[09:18] {patience} tgif RT   :)
[09:19] {larisa} gm patience :)
[09:21] {Threei}  patience :)
[09:23] {_vinthombre} good morning everyone
[09:23] {Threei}  SEC'S SCHAPIRO SAYS SHE WILL END THE 2 YEAR PENALTY PILOT PROGRAM, WHICH WILL HELP THE SEC GET SUBPOENAS
[09:23] {Threei}  vinthombre :)
[09:23] {dptl} good morning all
[09:23] {Threei}  dp :)
[09:24] {Threei}  watching STT for possible opening play
[09:24] {magoo} probs with iscan vad
[09:24] {Threei}  ?
[09:24] {magoo} all my scanners are blank except pre mkt ones 
[09:24] {Threei}  ahh
[09:25] {dino} you must plug it in 
[09:26] {cosmo} swks
[09:26] {cosmo} tests .90
[09:26] {pita} gm all
[09:26] {Threei}  pita :)
[09:27] {fernp} Hello everybody
[09:27] {buyemsellem} gm
[09:27] {Threei}  fern :)
[09:27] {Threei}  buyem :)
[09:31] {Threei} Long Setup:  HIG  12 break half lot
[09:31] {Threei}  if stays above .85
[09:33] {Threei}  invalidated
[09:36] {Threei}  wow
[09:37] {Threei}  watching JNPR for pullback
[09:41] {Threei} Long Setup:  JNPR  .50 break if stays above .35
[09:43] {Threei}  turns into bolunce play from under .20
[09:44] {dino} chtt
[09:46] {buyemsellem} would you say the JNPR bounce play is invalid?
[09:47] {Threei}  never went into more safe zone
[09:47] {dino} need coffee, reactions are slow missing entries
[09:49] {Threei}  HIG, that was some hard to stomach move
[09:49] {larisa} up or down? histerical both ways
[09:49] {Threei}  both
[09:54] {Threei} Long Setup:  STT  30 break half lot
[09:54] {Threei}  if stays above .80
[09:55] {_wulff} WFC +.13
[09:58] {Threei}  HIG under 11 again
[10:01] {Threei}  half out STT .21
[10:01] {Threei}  stop to 29.95
[10:04] {Threei}  scalpers win
[10:04] {dino} waiting for rate, chtt, hig
[10:05] {larisa} where do you want HIG dino
[10:05] {Threei} Long Setup:  AMZN  66 break if stays above .85
[10:05] {dino} 9.91
[10:05] {larisa} k
[10:06] {dino} 10 feels like big magnet, plus options exp two weeks
[10:06] {larisa}  I like 10, but may be too optimistic :)
[10:07] {dino} well, look at it this way. it shouldn't get there, so if it does, it shouldn't stay there
[10:07] {larisa} lol
[10:07] {Threei}  HIG CEO: COMPANY WELL CAPITALIZED AT END OF 2008, NOT CONTENT WITH Q4 PEFORMANCE - CONF CALL
[10:07] {dino}  if it does, it does, if not so what, looking for others
[10:08] {dino} dltr coming down
[10:08] {dino} fdo w/it
[10:08] {dino} ot; i stopped at dltr last night, beef jerky
[10:09] {Threei} Long Setup:  RIMM  59 break if stays above .85
[10:11] {magoo} in
[10:11] {_wulff} in
[10:12] {magoo} out STT .52...lucky
[10:13] {Threei}  you held?
[10:13] {Threei}  wow
[10:13] {Threei}  nice one
[10:13] {magoo} yeah partialed
[10:13] {magoo} then held 300
[10:13] {magoo} new its wild
[10:14] {Threei}  half out RIMM
[10:14] {Threei}  stop to .95
[10:15] {Threei}  1/4 more out .31
[10:15] {magoo} waiting .57
[10:15] {buyemsellem} very nice call Vad
[10:15] {Threei}  ty
[10:16] {Threei}  not often RIMM gives a chance to play with 15 cents stop
[10:16] {Threei}  that weas clean setup
[10:16] {cujo} very clean
[10:16] {cujo} thanks
[10:16] {Threei}  welcome
[10:16] {Threei}  hit 1:3
[10:16] {Threei}  took me out at .45
[10:17] {_wulff} holding for DT
[10:19] {magoo} STT darn
[10:19] {Threei}  who lacks adrenaline...HIG short smaaal shares
[10:19] {Threei}  with stop above 14
[10:20] {cujo} hig?
[10:20] {cujo} .14?
[10:20] {Threei}  11
[10:20] {cujo} ok got ya
[10:20] {magoo} out rimm TY
[10:22] {Threei}  US SENATE MAJORITY LEADER REID: SENATE HAS MADE PROGRESS ON STIMULUS PACKAGE, MAY BE A VOTE TODAY BETWEEN 5-7PM
[10:22] {Threei}  - Notes belief that the Senate can 'work something out' on stimulus bill.
[10:22] {Threei}  - reminder: yesterday Reid said that if a vote does not come today, it may occur on Sunday.
[10:22] {Threei}  lol
[10:23] {Threei}  [08:54] {Threei} expect more of headlines today
[10:23] {Threei}  [08:54] {Threei} "in three hours... now, later today... no, over the weeked... we have votes... we have no votes"
[10:25] {dino} the emporer has no cloths
[10:26] {magoo} RIMM vad?reload?
[10:26] {Threei}  not sure
[10:27] {magoo} i think its gonna go..just would rather hit pullbk
[10:27] {Threei}  market slowed down so much, I can't gauge sentiment
[10:28] {Threei}  GS can though, lol
[10:29] {Threei}  can you believe PEIX price?
[10:29] {magoo} used to be player
[10:29] {magoo} 20 aresa i think
[10:29] {dino} sm l fdo .98
[10:30] {Threei}  ethanol play
[10:30] {Threei}  btw larisa
[10:30] {Threei}  STT will never stop
[10:30] {Threei}  it will go up from here and forever
[10:31] {magoo} reminds of DRYS back when
[10:31] {magoo} just kept going
[10:31] {larisa} 1 sec ago i thought you should say that
[10:31] {Threei}  I am so predictable?
[10:32] {larisa} like all men
[10:32] {nemo} like all women too
[10:32] {larisa} why STT so strong ? no pullbacks at all
[10:35] {Threei}  ugh, in morning heat forgot to post
[10:35] {Threei}  that half of PALM I rebought yesterday at 8.08, sold it at 8.30 on morning spike
[10:35] {Threei}  and bought back 8.10
[10:36] {Threei}  OK, this is not an easy call by any means
[10:36] {Threei}  and consider it discretional
[10:36] {magoo} OY
[10:37] {magoo} ilkl have to go do it
[10:37] {Threei} Long Setup:  DRYS  .20 break
[10:37] {magoo} ill
[10:37] {magoo} oh NO
[10:37] {magoo} not that
[10:37] {Threei}  discretionary mags... know the word?? :)
[10:37] {cujo} stop?
[10:37] {cujo} or where invalidated?
[10:37] {Threei}  means, if you don't take it I am not going to chase you with hammer in hand
[10:37] {magoo} looking it up in pictionary right now
[10:38] {Threei}  there are two supports for it cujo,
[10:38] {Threei}  6.10 and 6.05,
[10:38] {Threei}  I am waiting to see which of them holds
[10:38] {Threei}  to define the stop level
[10:38] {cujo} got ya.
[10:38] {magoo} i thought u were going to call STT long
[10:38] {magoo} 32 in the cards
[10:39] {Threei}  STT will never ever stop going up, so just buy it anywhere
[10:39] {Threei}  kidding of course
[10:39] {Threei}  or am I...
[10:39] {magoo} KIDDING"???
[10:39] {magoo} oh no
[10:40] {hawkfan4} gap fill and 50 day at 34.50 for STT
[10:42] {magoo} read on GS hawk?
[10:44] {hawkfan4} kind of a bull flag break over 94.35, but needs the market
[10:45] {hawkfan4} needs to hold 94
[10:47] {hawkfan4} in .32, stop 94
[10:47] {magoo} in .24 here
[10:47] {hawkfan4} nice
[10:48] {Threei}  what he didn't tell you hawk is that he sold at .32...
[10:48] {magoo} lol
[10:48] {Threei}  :)
[10:48] {hawkfan4} lol, hey, it's a profit ::)
[10:48] {magoo} out .65 here TY HAWK
[10:48] {hawkfan4} nice, np
[10:49] {magoo} vadf..any read STT
[10:49] {hawkfan4} out .80
[10:50] {Threei}  wtg hawk
[10:50] {hawkfan4} thx
[10:50] {Threei}  it needs serious pullback mags...
[10:54] {Threei}  and market says no pullbacks
[10:54] {hawkfan4} GS little cup/handle break over hod
[10:54] {magoo} well..actually
[10:54] {magoo} should i fess up?
[10:54] {Threei}  let me guess
[10:54] {Threei}  you bought it a dollar ago?
[10:54] {magoo} give serious guess..see if u know me
[10:55] {larisa} 31.50 ?
[10:55] {magoo} hit .60 exit .89
[10:55] {magoo} and its still going
[10:57] {dino} chtt sm l .12
[10:57] {cujo} Hawk, c&h still valid?
[10:58] {hawkfan4} yeah, but need 95 break, and should hold above .50 area
[10:58] {patience} Potash having a happy day
[11:00] {magoo} i still like GS pullbks better than breaks ..just my opinion
[11:01] {magoo} but HAWK really nails it
[11:01] {hawkfan4} yeah, me too, hard to call them.  close to .50 with stop under .50
[11:01] {dino} he has that eagle eye
[11:02] {hawkfan4} hawkeye
[11:02] {magoo} tends to fall fa'the' than 'easonable hawk
[11:02] {hawkfan4} yep here she goes
[11:02] {dino} itt sm l .95
[11:03] {dino} opps
[11:03] {dino} "hawkeye"
[11:03] {hawkfan4} :)
[11:03] {magoo} M*A*S*H*?
[11:04] {magoo} u old enough to remember that show?}
[11:04] {hawkfan4} i'd be more like Klinger
[11:04] {magoo} cross dresser/
[11:05] {hawkfan4} lol :)
[11:05] {hawkfan4} GS in action, breaks out then slams everyone who bought it
[11:06] {cujo} nother break out coming
[11:06] {cujo} ?
[11:06] {magoo} hey vad..can u post something i said yesterday?is it possible
[11:06] {dino} don't do it vad
[11:06] {hawkfan4} think so cujo
[11:06] {Threei}  it's possible but I won't
[11:07] {dino} ty
[11:07] {magoo} i said to dino jobs # would be "non event"
[11:07] {magoo} nonissue i believe
[11:08] {magoo} ChanServ kickin butts again
[11:08] {dino} and i think i said "never know until you bet"
[11:10] {dino} channelserv used to be a bouncer at ny clubs for investment bankers
[11:10] {magoo} WOW vad..u seriously won't? :)
[11:10] {Threei}  dino said I shouldn't
[11:11] {_wulff} 1.0 on RIMM
[11:11] {magoo} nice
[11:11] {Threei}  wth wulff
[11:11] {dino} thats why i pay you the big bucks vad
[11:11] {magoo} but wuff...............................
[11:11] {dino} gj wolf
[11:11] {Threei}  great pastience
[11:11] {Threei}  well, you indicated you intended to hold it for day trade
06[11:11] * magoo slaps _wulff around a bit with a large indecent profits for a newbie while well are scalpin
[11:11] {Threei}  kept your plan
[11:11] {_bobv} hi 
[11:12] {Threei}  so reward is well deserved
[11:12] {hawkfan4} nice job
[11:12] {Threei}  hi bobv
[11:12] {Threei}  welcome
[11:12] {_bobv} thanks
[11:12] {magoo} bobv:)
[11:12] {_wulff} sm l though
[11:12] {Threei}  whatever
[11:12] {Threei}  +1 is +1
[11:13] {_wulff} pays for the month
[11:13] {Threei}  and RIMM is not your father's oldsmobile
[11:13] {cujo} that is hardly small.... :)
[11:13] {Threei}  this thing can hurt badly if you are not careful
[11:13] {_wulff} so noted in my history
[11:14] {Threei}  although lately it much more tame
[11:14] {Threei}  used to be way wilder
[11:14] {magoo} yeah vad...good times ..sigh
[11:14] {_wulff} held 100
[11:16] {KSystems} lol magoo
[11:16] {dino} qsii
[11:24] {Threei}  PALM... I repeated that trick with reentering and reselling twice already
[11:24] {Threei}  at some point it won't pull back anymore or won't recover, lol
06[11:30] * magoo slaps &Threei around a bit with a large a nice big slap on back for vad patting himself on back AFTEr{not before} he does something good
[11:30] {Threei}  that's deep
[11:35] {hawkfan4} STT pretty good pullback
[11:35] {Threei}  I would me more jazzed about 31 at least
[11:38] {hawkfan4} your wish is stt's command
[11:38] {Threei}  lol
[11:39] {Threei}  looks much better now
[11:39] {Threei}  can start trying for bounces
[11:39] {Threei}  on our usual setup
[11:39] {Threei}  .10 break if holding 31
[11:39] {Threei}  if not holding, watch for next consolidation range and break
[11:40] {Threei}  1:1
[11:40] {Threei}  easy money
[11:41] {Threei}  1:2
[11:41] {Threei}  anyone??
[11:41] {hawkfan4} yessir. needed that cuz i completely whiffed on GS  while i was watching STT
[11:41] {cujo} out 1:1 Vad
[11:41] {Threei}  :0
[11:41] {cujo} :)
[11:41] {pita} missed
[11:42] {hawkfan4} HIG .45 break vad?
[11:42] {Threei}  yeah... chart wise
[11:42] {Threei}  stock wise, look into your soul
[11:43] {larisa} lol
[11:43] {Threei}  and decide if you are comfortable with this piece of crap :)
[11:43] {hawkfan4} lol :)
[11:44] {hawkfan4} once you've traded GERN, any other pos smells like roses 
[11:44] {Threei}  lol
[11:48] {_vinthombre} vad- your thoughts on AKAM for long position
[11:48] {dino} like looking thru to next office (ducking)
[11:50] {Threei}  not sure about AKAM...
[11:50] {_vinthombre} k, thanks
[11:52] {Threei}  it tries to shape into break
[11:53] {Threei}  with .25 trigger
[11:53] {Threei}  I just am not sure this is a good time of the day for breakouts
[11:55] {hawkfan4} STT shaping up for more
[12:03] {Threei}  and what do you know
[12:03] {Threei}  like charm
[12:03] {Threei}  don't buy this level third time
[12:07] {dino} thor
[12:09] {Threei}  we got new advisory team
[12:09] {Threei}  on economic recovery
[12:09] {Threei}  I feel much more confidfent now
[12:09] {Threei}  do you?
[12:09] {hawkfan4} no
[12:09] {Threei}  come on
[12:10] {Threei}  it's a brand new team
[12:10] {Threei}  well... some members of it are not very new
[12:10] {dino} how many teams does he need
[12:10] {Threei}  actually none is
[12:10] {Threei}  but hey, it's two teams now
[12:10] {dino} just hiring and making teams up like crazy
[12:10] {Threei}  twice the confidence
[12:10] {_vinthombre} they are not politicians
[12:10] {_vinthombre} good thing i beleive
[12:11] {larisa} he wants representation of all layers
[12:11] {dino} some kind of religion team yesterday
[12:11] {Threei}  I'd better left economic recovery to religion team
[12:11] {larisa} this is why you are not our president :) 
[12:12] {dino} out chtt .67 +.55
[12:12] {cujo} dino, i just sendt you a link on something i read on THOR
[12:12] {Threei}  no kidding... if I were, you'd have 10 times as many failed banks, lolo
[12:12] {dino} lol larisa
[12:12] {dino} we might just stop all th b.s. and get to work
[12:12] {Threei}  'cause no frigin way any of them would get a penny with no strings attached
[12:13] {dino} daytraders running the country, things would get taken care of fast
[12:13] {Threei}  and btw... see how STT lost 21 on a third time?
[12:13] {Threei}  31
[12:13] {Threei}  [12:03] {Threei} don't buy this level third time
[12:15] {Threei}  I may be not as radical as dino in "let them all fail", after all LEH failure showed outcome could be really beyind the worst nightmare... but come on, if we give them money to restore credit flow with no condition to start lending and no mechanism of checking on them and no putcome for them?
[12:16] {Threei}  what else do we expect other than them taking money and using it for any other purpose
[12:16] {dino} perhaps we should ask obama to appt us as a team
[12:17] {dino} lol
[12:17] {Threei}  Tracking Baiout Bilions on CNN
[12:17] {Threei}  good luck tracking them
[12:18] {Threei}  as two teams dino... this way we will look more solid
[12:18] {Threei}  and we can appoint magoo as mediator betwen us
[12:19] {Threei}  under condition he always has beer for negotiations
[12:19] {buyemsellem} I'll be on the committee that investigates what went wrong with the teams
[12:19] {Threei}  again, with beer
[12:19] {Threei}  'cause you know... giotta right the wrongs at some point
[12:22] {dino} bottom line, committees (TEAMS) are timid, they are used to hide behind
[12:23] {Threei}  and, you know what camel is, right?
[12:23] {Threei}  it's a horse designed by big commitee
[12:25] {dino} thor sm l .56
[12:25] {dino} lol
[12:27] {dino} pizza hut cajun wings, they have some "heat"
[12:28] {dino} need a beer that you mentioned above
[12:31] {Threei}  HIG
[12:31] {Threei}  HEARING DEFENDED AT CITIGROUP
[12:31] {dino} confidence inspiring
[12:31] {hawkfan4} lol
[12:31] {Threei}  they sure are in position to defend someone else...
[12:34] {Threei}  well well well PALM
[12:35] {hawkfan4} halle friggin lujah
[12:35] {dino} thor stop ton .99
[12:35] {Threei}  lol
[12:35] {dino} to .06
[12:36] {dino} out thir .06, +.50
[12:37] {dino} too tight
[12:37] {larisa} nice 
[12:37] {hawkfan4} i'm gonna go make lunch so i don't look at PALM
[12:37] {dino} ty larisa baby
[12:38] {Threei}  PALM is up 70 cents from our swing entry
[12:41] {pita} gotta go, happy hunting
[12:41] {Threei}  take care pita
[12:42] {dino} cya pita
[12:52] {magoo} vad..thoughts today..sell off or resume up
[12:52] {Threei}  lol
[12:53] {Threei}  I just wanted to suggest to start making bets
[12:53] {magoo} hmmmmmm
[12:54] {Threei}  ok, considering that larisa is watching and my job is to irritate the heck out of her: +300
[12:55] {larisa} not serious, not eating healthy, plus gamblers.. very irritating
[12:55] {Threei}  not eating healthy?
[12:56] {Threei}  what could be healthier than bacon explosion?
[12:57] {magoo} i like bacon
[12:57] {hawkfan4} GERN spike with volume
[12:58] {cujo} have you ever had a fried twinky?
[12:58] {Threei}  no but I like traditional ukrainian food: pork belly covered in chocolate
[12:59] {cujo} :( ugh... Joking right?
[12:59] {buyemsellem} I've had bacon covered in chocolate
[12:59] {buyemsellem} It's excellent
[12:59] {hawkfan4} :)
[13:00] {ese} ya'll have a good weekend ya hear......just a watchin day for me......always injoy it
[13:00] {hawkfan4} later es
[13:00] {Threei}  take care ese... hope you feel better
[13:00] {ese} later hawk
[13:00] {ese} vad
[13:00] {magoo} ferel better es
[13:01] {magoo} l STT ,80
[13:01] {hawkfan4} .75 ;)
[13:02] {magoo} GS..thoughts hawk?
[13:02] {hawkfan4} up, .50 support
[13:02] {larisa} I say +125 for EOD, if Vad lose, I will trade his account on Monday. good punishment I think. 
[13:03] {hawkfan4} geesh
06[13:03] * Threei urgently withdraws all but $200 from his trading account
[13:03] {larisa} do not cheat
[13:03] {cujo} no worries Hawk, you still have an outstanding record with GS...
[13:03] {hawkfan4} yeah, it can be nasty when it wants to
[13:04] {hawkfan4} a buck in 2 minutes
[13:04] {dino} +76 dji my bet
[13:05] {larisa} :)
[13:05] {magoo} dont want GS to lead mkt down
[13:05] {magoo} covered STT .94
[13:05] {magoo} prob reload
[13:05] {dino} thor pullback again
[13:08] {magoo} reloaded .965
[13:08] {Threei}  larisa... as market ticking up, I start asking myself... what do I get if my forecast comes true?
[13:09] {Threei}  and no, asnwer "I won't trade your account" is not good enough
[13:09] {dino} sm risky, l rate .00
[13:09] {patience} larisa, give him the unsalted, lightly smoked bacon
[13:09] {Threei}  unsalted??
[13:10] {larisa} no,  he will trade my account for a month if he wins, as a reward
[13:10] {Threei}  unsalted bacon is perversion
[13:12] {cujo} so is turkey bacon...
[13:17] {dino} agreed
[13:17] {dino} like eating hot cardboard
[13:18] {Threei}  lol
[13:18] {cujo} ha ha ha which i actually do eat from time to time. 
[13:19] {cujo} AAPL 100 today?
[13:19] {dino} beggin' strips probably taste better
[13:19] {cujo} it's bacon!
[13:20] {dino} lol
[13:21] {magoo} vad..u are missing the greatest up day of the YEAR????
[13:22] {patience} 218 points?
[13:22] {Threei}  mags... stop this pressure
[13:22] {Threei}  first, we had way bigger days
[13:22] {Threei}  and will have more
[13:22] {magoo} really
[13:22] {Threei}  second, do you see entries?
[13:22] {Threei}  share
[13:22] {magoo} just kidding
[13:23] {Threei}  in order to capture gain hard to read on intraday chart I called a swing trade two days ago
[13:23] {Threei}  it's up 80 cents, on a cheap stock
[13:24] {_vinthombre} vad- is FAS looking ok for entry?
[13:24] {_vinthombre} or too much uncertainity
[13:25] {Threei}  I would feel much better about it on plullback into .30 area
[13:25] {Threei}  breaks rarely work on this one
[13:25] {Threei}  today some did
[13:25] {Threei}  but main thing that keeps me away from it is this senate bickering
[13:26] {_vinthombre} got it, thanks
[13:26] {Threei}  scared to imagine what happens if someone comes on CNBC and says no votes for the bill
[13:26] {Threei}  and they do it constantly
[13:26] {Threei}  just remember TARP discussion in late Sept
[13:26] {magoo} MS has fallen to day low
[13:26] {patience} i am in cash, i am ready to go shopping if the market goes on sale
[13:26] {Threei}  market would drop or jump 50 points in a amtter of seconds of each such comment
[13:27] {elepet} are you still holding PALM?
[13:27] {_vinthombre} very true
[13:27] {Threei}  yes elepet
[13:27] {elepet} so am i
[13:27] {Threei}  I want closer to 9 to unload, or start unloading
[13:27] {elepet} Is it close to the big Kahuna?
[13:28] {Threei}  JNPR
[13:28] {Threei}  watch this pullback
[13:28] {Threei}  nice quick 20 cents drop
[13:28] {Threei}  .50 closest support
[13:29] {Threei}  would like to see couple more downticks, holding .50 and crossing .60 with market sreuming upward
[13:40] {hawkfan4} out STT .22
[13:41] {dino}   out fdo .10, all day for +.12
[13:42] {dino} out itt .05, +.10, all day
[13:43] {larisa} HIG serious short covering
[13:44] {dino} rate stop to .09, bad entry
[13:44] {Threei}  sentiment changed on HIG
[13:44] {Threei}  I'd look for pullback to try it long
[13:44] {Threei}  11.80 feels right
[13:44] {dino} dltr going for open gap fill
[13:45] {dino} rate out .11 ave, +.11
[13:46] {dino} brb
[13:52] {Threei}  here comes HIG selling
[13:52] {Threei}  let's keep it to half lot
[13:54] {Threei}  a bit too shallow pullback...
[13:57] {_vinthombre} vad- JNPR , is it developing decending traingle?
[13:58] {_vinthombre} or it doesn't matter
[13:58] {Threei}  pretty much depens on market's next move... can be what you said, can be bull flak
[13:58] {Threei}  see how volume dried up on this retreat?
[13:59] {Threei}  flak = flag.... lol
[13:59] {_vinthombre} oh yes..i didn't look at it
[14:00] {Threei}  if market resumes up and breaks day high, JNPR will be long with stop under .50
[14:00] {Threei}  ideal scenario for us would be:
[14:00] {Threei}  sharp spike NQ,
[14:00] {Threei}  JNPR little delay
[14:00] {Threei}  giving us window for entry
[14:00] {Threei}  then this thing would follow the market
[14:04] {Threei}  see how its drifting with market?
[14:04] {_vinthombre} yep
[14:05] {Threei}  HIG becomes more like it
[14:07] {Threei}  grrr
[14:07] {Threei}  no way to read that entry under 12
[14:08] {Threei}  jeez
[14:15] {Threei}  CA) CANADIAN PM HARPER: US AND CANADIAN UNEMPLOYMENT NUMBERS ARE 'BAD NEWS'
[14:16] {Onix} really!
[14:18] {dptl} got to go...have a good weekend all
[14:18] {Threei}  take care dp
[14:18] {_vinthombre} bye dp
[14:21] {dino} dltr gap filled
[14:22] {dino} cya dp
[14:23] {Threei}  HIG complteted bull flag
[14:24] {Threei}  try half lot as close to 12 as you can get
[14:24] {Threei}  US HOUSE SPEAKER PELOSI: SENATE MAY HAVE ECONOMIC STIMULUS PACKAGE 'TODAY'
[14:24] {Threei}  - Note: This affirms Sen Maj Leader Reid's comments earlier
[14:27] {Threei}  if you got HIG, half out
[14:28] {Threei}  and try to offer second half above .30
[14:28] {cujo} stop around .90?
[14:28] {Threei}  original was u8nder 12
[14:29] {Threei}  can tgrail to under .10 now for the balance
[14:29] {Threei}  here comes "over .30"
[14:30] {cujo} out
[14:30] {cujo} thanks Vad
[14:30] {Threei}  :)
[14:30] {Threei}  what entry did you get?
[14:30] {Threei}  was impossible to call it exactly, danced around too much
[14:30] {cujo} little high but still good .16
[14:30] {hawkfan4} i got .09 avg, sold 1/2 .33
[14:30] {Threei}  :)
[14:31] {hawkfan4} nice call, thx vad
[14:32] {_vinthombre} good one
[14:32] {Threei}  sheesh
[14:32] {hawkfan4} out rest .73
[14:32] {_vinthombre} still trailing
[14:33] {hawkfan4} hoochie mama
[14:33] {Threei}  I told you gravity was myth
[14:33] {Threei}  but nooo... cosmo had to argue
[14:33] {hawkfan4} love when that happens
[14:33] {Threei}  wtg hawk
[14:33] {magoo} beauty vad
[14:33] {hawkfan4} thx, great call
[14:34] {Threei}  I need to return to my "earth is flat, gravity is myth" philosophy
[14:35] {Threei}  - Pelosi notes that the stimulus bill should 'reject republican policies that initially' created economic problems.
[14:35] {Threei}  - reminder: the first TARP bill was voted down in the House in October after Republicans felt slighted by partisan comments from Speaker Pelosi.
[14:35] {Threei}  somuch for bi-partisanship
[14:35] {Threei}  is she determinded to derail whole thing?
[14:36] {dino} dltr sm l .25
[14:36] {_vinthombre} vad- JNPR coming back?
[14:37] {Threei}  I would expect more activity on it with this market move
[14:37] {Threei}  maybe tired already
[14:37] {_vinthombre} no volume also
[14:37] {Threei}  not sure... just not much willingness on it
[14:37] {Threei}  if market stages stunning move it still should follow
[14:38] {Threei}  but so-so lukewarm move by market will hardly inspire JNPR
[14:38] {dino} ]stunning move, lol
[14:42] {Threei}  GE
[14:42] {Threei}  DECLAIRES $0.31 SHARE DIVIDEND
[14:43] {dino} sm l itt .75
[14:47] {Threei}  HIG nears next bounce zone
[14:47] {dino} almost 10% annually, they will be cutting that soon
[14:50] {magoo} .15 area u thinking?
[14:51] {Threei}  unless market totally loses it, may not go that low
[14:51] {Threei}  .20 - .30 rather
[14:51] {Threei}  although... it's HIG...
[14:55] {magoo} STT bounce somewhere vad?
[14:55] {elepet} I just took profits on several stocks but am still holding Palm.  Tomorrow I leave for Mexico and internet connect may not be that reliable.so am wondering what to do with Palm. Sell or good till cancelled order at about 8.90?
[14:57] {_vinthombre} hig did it again
[14:57] {dino} brittany spears stock
[14:58] {larisa} lol
[14:58] {Threei}  don't know what to say elepet... I hate trading with no control
[14:59] {Threei}  who knows what can happen
[15:00] {Threei}  DEC CONSUMER CREDIT: -6.6$ V -$3.5BE
[15:01] {Threei}  US TREASURY'S PLAN TO BE RELEASED MONDAY WILL TARGET CREDIT FLOW GROWTH, CREATE 'LASTING RECOVERY'
[15:01] {nemo}  Wonder if that'll be sell the news
[15:02] {elepet} yeah me too. by the way, before everyone leaves for the day, I want to say so long, and thanks. I've enjoyed being here and have learned alot from you. I cancelled the RT automatic payment, but may have a few days left in Mexico.  will be back in March.
[15:03] {Threei}  we will be ere elepet
[15:03] {Threei}  here
[15:03] {Threei}  have a great vacation
[15:03] {hawkfan4} enjoy elepet
[15:04] {larisa} bye elepet, enjoy the sun :) 
[15:05] {Threei}  ASTM REPORTS Q2 R$28K V $84K Y/Y
[15:05] {Threei}  ummm
[15:05] {Threei}  my personal revenue is way higher than that company
[15:05] {dino} elep have fun
[15:05] {Threei}  HIG
[15:06] {nemo} fas hasn't turne quite yet
[15:08] {Threei}  perfect bounce from that .20 - .30 zone
[15:13] {Threei}  market looks like ready to reverse a bit
[15:13] {Threei}  and PALM forms double bottom
[15:14] {Threei}  .37 long if holding .30
[15:16] {Threei}  .40 break now should take it closer to .50 for 1:1
[15:22] {dino} thor sm l .09
[15:30] {cujo} have to go get taxes done.  C'ya tomorrow. 
[15:31] {Threei}  that's what you get for profitable trading
[15:31] {cujo} :)
[15:31] {Threei}  take care cujo... but we won't be here tomorrow
[15:31] {cujo} geez, going nuts
[15:31] {cujo} see you all monday.  
[15:31] {Threei}  anyone did PALM?
[15:31] {cujo} yup
[15:31] {Threei}  :)
[15:31] {cujo} out .42 for 1:1
[15:31] {Threei}  clean double bottom
[15:32] {patience} thank you for that image
[15:32] {Threei}  ummm
[15:32] {patience} sorry, i'm bored
[15:32] {Threei}  yeah, sounded better in m y head
[15:32] {dino} lol
[15:33] {Threei} Long Setup:  STT  half lot 30.10
[15:33] {Threei}  if stays above 29.90
[15:34] {Threei}  half out
[15:38] {Threei}  out in full .50
[15:38] {Threei}  +.38
[15:38] {Threei}  everyone's asleep?
[15:38] {hawkfan4} me 2, thx, great one
[15:38] {magoo} i hit it..out .49 TY
[15:38] {Threei}  okay :)
[15:38] {_vinthombre} i'm watching HIG
[15:38] {Threei}  I thought I was last one stan... trading
[15:39] {magoo} NICE boss
[15:39] {Onix} ty Vad, got some $ in STT
[15:39] {Threei}  cool beans
[15:39] {buyemsellem} veeeery nice on the STT
[15:39] {Threei}  I have to say, this was a nicely profitable but for some reason tiring week
[15:39] {Onix} earlier in HIG also thanls hey
[15:39] {Threei}  I for one feel like I ewas carrying potato bags on my back
[15:40] {Threei}  onix :)
[15:40] {magoo} agree..i am exhausted but had best week in awghile
[15:40] {Onix} :D
[15:40] {Threei}  see mags... and you though this market blows
[15:40] {magoo} i told u..wghen i complain..i am usually wrong..so i complain to make it work for us..strategy
[15:41] {Threei}  oh
[15:41] {Threei}  got it
[15:41] {patience} i'll drink to that magoo
[15:41] {magoo} very deep
[15:41] {Threei}  annoying... but if it works, but I'll make my peace with it :)
[15:41] {Threei}  minus one but
[15:41] {Threei}  and again... sounded better bewfore I said it
[15:42] {Threei}  I can just see larisa typing: look who is talking, you are the last person to call other people annoying
[15:42] {jmb} late but thanks for PALM
[15:42] {Threei}  kmb :)
[15:43] {Threei}  HIG is quite amazing
[15:43] {magoo} any setup?
[15:44] {Threei}  +230
[15:44] {Threei}  I need 70 points more
[15:45] {larisa} see you monday good people, have a great weekend :)
[15:45] {magoo} u too]
[15:45] {hawkfan4} u 2 :)
[15:45] {Threei}  wait!
[15:46] {Threei}  65 more points and I'll be needing username and pasword for your account
[15:46] {_vinthombre} will hig toich 13?
[15:46] {dino} cya larisa
[15:46] {_vinthombre} touch
[15:46] {Threei}  feels so
[15:46] {Threei}  oh... I didn't notice she said good people
[15:46] {Threei}  doesn't include me
[15:47] {dino} giddy-up feel
[15:51] {magoo} yeah..u were particularly mean to magoo today :)
[15:51] {Threei}  hmmm... today was somehow different from any other day?
[15:52] {Threei}  wow, big drop HIG
[15:52] {magoo} felt lilharsher
[15:52] {nemo} He didn't want you to be all full of yourself after your great week
[15:52] {Threei}  it only means I was not in a very good shape on other days mags :)
[15:53] {dino} cleanup time
[15:55] {Threei}  some ptofit-taking into close in the market but nothing earthshaking
[15:55] {Threei}  5 points NQ
[15:55] {Threei}  HIG of course dropped whole 50 cents but that's HIG
[15:56] {dino} out dltr -.02
[15:56] {dino} out thor +.06
[15:57] {Threei}  had we had 15 more minutes, PALM would be an entry here again
[15:57] {dino} thx all for ideas, decent week. 
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {hawkfan4} ditto, best week in a while, thx all
[15:57] {Threei}  have a great relaxing weekend
[15:58] {buyemsellem} thank you have a good weekend
[15:58] {Threei}  congratulations on good work
[15:58] {Threei}  see you on Monday
[15:58] {hawkfan4} enjoy the weekend all
[15:58] {Threei}  and if coju come here tomorrow to trade, someone slap him with a trout
[15:58] {Threei}  cujo
[15:58] {Threei}  US) REPORTEDLY FINAL SENATE PASSAGE OF STIMULUS BILL IS NOT LIKELY TODAY
[15:58] {Threei}  there you go
[15:59] {Threei}  didn't we foretold this
[15:59] {Threei}  foretell too
[15:59] {dino} shocking
[15:59] {dino} gotta hop
[15:59] {magoo} pat back FIRST vad
[16:00] {Threei}  what's second?
[16:00] {magoo} first=before 
[16:00] {magoo} as in u just congrats yourself
[16:01] {Threei}  I am lost but what else is new :)
06[16:01] * magoo slaps &Threei around a bit with a large a thanx and have good weekend..think fondly of magoo
[16:02] {Threei}  I'll try... but can't promise
[16:02] {nemo} bye boys and girls
[16:03] {magoo} could u at least if u see someone doing something really stupid think of me?
[16:03] {Threei}  in the mirror
[16:03] {Threei}  always
[16:03] {_vinthombre} thanks Vad, have a great week end..see u on Monday
[16:03] {Threei}  take care vinthombre
[16:03] {_vinthombre} bye all

Thursday, February 5, 2009

Feb 05 2009

Beautiful day, strong and fun. Plays are working like charm, and after a long scalping period we are finally hitting  better runs, like on JNPR today. 
        
Session Time: Thu Feb 05 00:00:00 2009

[07:40] {Threei}  Good morning insomniacs
[07:41] {Threei}  and Europians :)
[07:41] {nemo} It's almost 8:00 here.  Then again, I've been up since 5
[07:41] {nemo} GM
[07:41] {Threei}  nemo :)
[07:42] {nemo} enjoy LOST last night?
[07:42] {hawkfan4} good morning
[07:42] {Threei}  hawk :)
[07:42] {Threei}  sure did
[07:42] {nemo} That show has never grabbed me
[07:42] {nemo} Having said that, the brunette is gorgeous
[07:43] {Threei}  if I didn't know you at all, I'd reacted by crude "watch your Desperate Housewives then"... {G}
[07:43] {nemo} Don't watch that either
[07:43] {Threei}  lol, didn't think so
[07:44] {Threei}  just me being generally crude
[07:44] {nemo} I watch movies, documentaries
[07:44] {nemo} preachin' to the choir dude
[07:44] {Threei}  that brunette is an interesting story btw
[07:44] {nemo} Story-line or her real-life?
[07:44] {Threei}  Canadian, tried to make her way in acting
[07:45] {Threei}  while on vacation in, I think, Kelowna
[07:45] {Threei}  spectacular but very small place, very unlikely a place for the first step into big league
[07:46] {Threei}  got noticed practically accidentally on the stgreet by a crew member looking for actors for the LOst
[07:46] {Threei}  (EU) ECB LEAVES INTEREST RATES UNCHANGED AT 2.0%; AS EXPECTED
[07:46] {Threei}  ***Reminder: ECB Press Conference to begin after 8:30am ET
[07:47] {nemo} Classic Hollywood "seen in the drugstore" kinda' story.  Life is a bitch.
[07:47] {Threei}  pretty much
[07:49] {Threei}  all the while no one from Hollywood breaks down my door wanting to make a movie about soviet businessman fighting mafia, escpaing to the West and learning trading for a living... shrug
[07:49] {Threei}  life IS a bitch :)
[07:49] {hawkfan4} :)
[07:49] {hawkfan4} u fought the mafia?
[07:50] {Threei}  well, not "fought" in a sense of shootouts etc
[07:50] {Threei}  but got a lot of colourful stories
[07:51] {hawkfan4} i bet, u should write a book...:)
[07:51] {Threei}  my whole immigration was triggered by the events with those guys
[07:51] {nemo} Yeah...that fellow in the book your getting, they wanted to make a movie about his life...talked him out of it.
[07:52] {Threei}  TTR in its original form should have been starting with couple charters about that
[07:52] {Threei}  publisher said, too removed from trading
[07:52] {Threei}  which actually was right
[07:53] {Threei}  I still have those couple chapters, just very poorly written
[07:53] {Threei}  not by me, however ironic it is
[07:53] {Threei}  gotta correct them a bit and make available :)
[07:53] {nemo} What...not written by you?
[07:53] {hawkfan4} u should
[07:54] {Threei}  funny as it sounds nemo, those I wrote is bettter writing that what native english-speaking did, lol
[07:55] {nemo} I believe you.  Funny, my grandfather originally left Italy because he kept getting drafted to fight in wars...ended up in NY running some restaraunts...and then left NY because the mafia wanted to much of his earnings...sounds familiar...Met an Italian guy in Germany, left Italy because of the mafia for the same reason.
[07:56] {Threei}  lol
[07:56] {Threei}  tentacles everywhere
[07:56] {Threei}  ok, here it is, but be warned - even I cringe of the quality of this writing
[07:56] {Threei}  http://www.realitytrader.com/chapter1.html
[07:57] {hawkfan4} cool, thx vad
[07:58] {Threei}  )
[07:58] {nemo} huh...not bad Vad
[07:58] {Threei}  you already read it??
[07:59] {Threei}  that's serious speed-reading, lol
[07:59] {nemo} first few paragraphs.  English is remarkably good.  I do read very fast
[07:59] {Threei}  yeah, those I corrected a little
[07:59] {Threei}  it gets worse further
[08:00] {nemo} Yeah, but...considering it's a second language, it's very good.  My written German was ghastly.
[08:00] {nemo} No wonder the mafia liked you...you made concrete!
[08:01] {Threei}  lol
[08:03] {fernp} good morning
[08:05] {Threei}  fern :)_
[08:07] {magoo} morning
[08:07] {Threei}  magoo :)
[08:11] {nemo} gm magus
[08:14] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET
[08:14] {Threei}  - Expectations for initial claims are 580K v prior release of 588K (range seen from 480K to 620K)
[08:14] {Threei}  - Continuing claims seen at 4.795M v prior 4.776M. (range seen from 4.695M to 4.860M)
[08:20] {Threei}  BALTIC DRY BULK INDEX +14%
[08:20] {Threei}  eeck'
[08:20] {nemo} yeah saw that last night
[08:21] {nemo} supposedly on China trade.  
[08:24] {cujo} good morning
[08:24] {Threei}  cujo :)
[08:25] {larisa} good morning :)
[08:25] {Threei}  larisa :)
[08:26] {nemo} larisa :)
[08:26] {cujo} morning larisa
[08:26] {nemo} dog :)
[08:26] {larisa} gm guys :)
[08:28] {Threei}  larisa... I did serious sould searching about yesterday's life-changing lessons from dino and you
[08:28] {Threei}  can do nothing about dino's since balding process is out of hand
[08:28] {Threei}  but with yours, I came to resolution
[08:28] {larisa} can NOT you mean :)
[08:29] {Threei}  can do nothing = can not
[08:29] {larisa} I need coffee
[08:29] {Threei}  let me post jobless numbers, then tell you about my resoltion
[08:30] {Threei}  NITIAL JOBLESS CLAIMS: 626K V 580KE;
[08:30] {Threei}  CONTINUING CLAIMS: 4.788M V 4.795ME
[08:30] {nemo} that'll hurt
[08:30] {Threei}  sigh
[08:30] {Threei}  OK
[08:31] {Threei}  I was always reporting my achievement and praising myself rather quickly,
[08:31] {Threei}  but you say others can praise me
[08:31] {Threei}  which makes me think now:
[08:32] {Threei}  if someone may be faster than me and praise me first, the only way I can prevent it is to praise myself BEFORE reporting the achievement
[08:32] {Threei}  so, thank you for the valuable lesson, and that's how I'll rectify the situation
06[08:32] * KSystems is listening to Mike & the Mechanics - Another cup of coffee for larisa
[08:32] {nemo} How?  Continue to praise yourself?
[08:33] {Threei}  changing the order
[08:33] {nemo} You mean, you'll wait for Mags to call you a "beauty"
[08:33] {Threei}  self-back-patting first... explanation why second
[08:33] {cujo} This sounds like the beginning to a new book, "Zen and the art of day trading"?
[08:33] {nemo} already written
[08:33] {cujo} really?
[08:33] {cujo} hmmmm
[08:33] {nemo} Tao of trading
[08:33] {cujo} ah
[08:33] {Threei}  well... ZEN in the Markets :)
[08:33] {nemo} somethin' like that
[08:34] {nemo} did you read Pirsig's sequel?
[08:34] {cujo} i knew a guy named Tao once.  He was an arse.
[08:34] {nemo} careful dog...
[08:34] {cujo} :)
[08:34] {Threei}  I liked Zen in the markets more than I did Tao of Trading
[08:35] {nemo} Yeah...Tao is thrown around too much and nobody really understands it
[08:37] {cujo} hmm, one was written by a guy names toppel, the other by a guy named koppel...
[08:37] {cujo} that is really strange
[08:40] {larisa} vad, this approach  will guide you into abyss, soon you will even stop explaining. I know, i am there :) 
[08:40] {larisa} morning KS :)
[08:40] {Threei}  all the better larisa... less typing for me :)
[08:41] {Onix} Good morning
[08:41] {Threei}  and, since you are already in that abyss... there is enough of beer supply?
[08:41] {Threei}  onix :)
[08:41] {cujo} guten morgen KS
[08:41] {larisa} gm Onix
[08:41] {nemo} Wie geht's Jung?
[08:42] {larisa} abyss of milkshakes here
[08:42] {Threei}  hmmm
[08:42] {Threei}  bacon?
[08:42] {nemo} Ever had a frappe, Larisa?
[08:44] {larisa}  sure, actually this is what i call milkshake. i love icecream :)
[08:44] {KSystems} moin cujo, nemo ;)
[08:44] {nemo} Volksprache K?
[08:45] {KSystems} jo
[08:45] {nemo} na ja nur Boiyrisch hier
[08:45] {KSystems} eigentlich slang in norddeutschland, aber im chat wirds in ganz deutschland benutzt weils so schn kurz ist ;)
[08:46] {KSystems} omg...dont scare me away with bavarian :)
[08:47] {nemo} ich komm mit
[08:47] {Threei}  Boiyrisch hier {--- very duboius for russian ear...
[08:47] {nemo} Why dubious?
[08:48] {Threei}  sounds solidly out of what you'd say with Queen or kids around
[08:49] {nemo} just the name of the Bavarian dialect
[08:50] {nemo} Spoken around Munich up to Frankfurt and east into Austria
[08:51] {nemo} Hey K, ever have Andechser Bier?  Ganz Toll!
[08:51] {KSystems} its not merely a dialect, its  a redefinition of insanity
[08:51] {KSystems} andechser? no not yet
[08:51] {nemo} Lech mich
[08:51] {KSystems} I used to brew my own though
[08:51] {KSystems} lol
[08:51] {cujo} brewing beer?  sounds fun.  Expensive to do?
[08:51] {nemo} funny that's what every region says about the other's dialect
[08:51] {nemo} Love the Schwarzwalder accent
[08:52] {KSystems} depending on the equipment cujo...in small amounts you pay about twice what you'd pay for mid-priced beer from the shop
[08:52] {KSystems} plus the time
[08:52] {nemo} Yeah, and with just a little competence, you can make great home made beer.  Fresh just can't be beat.
[08:53] {KSystems} AND you can set the amount of alcohol individually for every single bottle
[08:53] {KSystems} very cool when you want to compete with friends........
[08:53] {KSystems} you just have to remember where you put what bottle
[08:53] {nemo} Yeah..I favor stark bier :)  Stark Bier Fest in Munich...very painful
[08:54] {cujo} Cool.
[08:54] {KSystems} in my experiments i once threw Port Wine yeast into the brew....that shot it up to 18% alc but tasted rather.....
[08:54] {KSystems} individual
[08:55] {nemo} Better after 7 or 8 shots of vodka, sounds like
[08:55] {KSystems} absolutely
[08:56] {nemo} After having both moonshine and that Polish potato juice-Spiritus  everything else tastes like manna
[08:57] {Threei}  DRYS resurrects again
[08:57] {nemo} 15% increase in the Baltic Index will do that to you
[09:01] {dino} gm all
[09:01] {KSystems} Vad, do you know what gold future is most actively traded?
[09:01] {KSystems} morning dino
[09:01] {KSystems} or anyone else?
[09:01] {dino} :)
[09:01] {nemo} gld
[09:02] {KSystems} thats hong kong nemo, u shure?
[09:02] {KSystems} I'm looking at ZG April, but that has just about 2K trades for yesterday
[09:02] {dino} out wmt leftovers .45, +.55
[09:02] {nemo} GLD is an etf that's trae 1.1 mil this morning
[09:02] {nemo} traded
[09:03] {cujo} last 3 times USO has hit 28, has bounced right off.
[09:05] {dino} dltr, cnqr
[09:05] {Threei}  dino :)
[09:05] {Threei}  sorry KS, I don't
[09:05] {tomg} KS, ZG is 100 oz. gold futures, most traded
[09:06] {tomg} good morning all :)
[09:06] {Threei}  tom :)
[09:06] {Threei}  today should be interesting and indicative... if NASDAQ can recover and go green after dismall CSCO conf call, that should clear path for the 'ally
[09:07] {KSystems} thanks tom..GC is pit, ZG elec?
[09:07] {nemo} spoiling it already vad...
[09:07] {Threei}  job numbers didn't cause more drop either
[09:08] {tomg} ZG globex, GC Comex Gold
[09:08] {dino} what am i missing on dltr?
[09:09] {KSystems} any important difference between the two?
[09:09] {tomg} only traded ZG, so don't know, but you should probably look at March
[09:09] {KSystems} cool, thank you
[09:09] {Threei}  guided higher dino... SSS is positive too...
[09:09] {tomg} welcome
[09:10] {Threei}  is there conference call they hold?
[09:10] {dino} -3.00 and guide higher?
[09:10] {Threei}  yeah
[09:10] {dino} alrighty then
[09:10] {Threei}  02/05/09 08:41am
[09:10] {Threei}  [DLTR] Dollar Tree Stores Inc Reports Q4 Revenues $1.39B v $1.42Be, SSS +2.2%
[09:10] {Threei}  - Guides Q4 EPS "above" $1.07-1.15 v $1.14e
[09:10] {Threei}  - Gudies FY08 EPS "above" $2.45-2.53 v 2.52e
[09:12] {Threei}  I assume they closed some stores?
[09:12] {dino} thx, i'll be watching it
[09:12] {Threei}  otyherwise how could revenues be down while SSS is up
[09:13] {Threei}  actually, range of guidance is questionable... headline is a little misleading
[09:15] {dino} don't waste time on it 3i, the tape will tell me
[09:15] {dino} ty tho
[09:15] {nemo} whoa...man bites dog
[09:16] {cosmo} dog musta deverved it
[09:16] {cosmo} deserved
[09:16] {nemo} yeah, but it's his ball, bat and field
[09:16] {cosmo} the dog's?
[09:17] {nemo} Vad's
[09:17] {Threei}  drinking early I see?
[09:17] {nemo} who?
[09:18] {nemo} actually it could be considered late if you never stopped :)
[09:26] {Threei}  keeping half eye on OCNF
[09:26] {nemo} you got three, don't be stingy
[09:26] {hawkfan4} that only leaves you with 2 1/2
[09:27] {Threei}  one of more volatile shippers
[09:27] {Threei}  nice bids, not sure how real they are
[09:28] {Threei}  (EU) TRICHET NOW SAYS HE GAVE NO INDICATION ON SIZE OF POSSIBLE RATE CUT IN MARCH
[09:28] {Threei}  - Earlier Trichet appeared to indicate a 50bps cut to the refi rate was likely
[09:30] {Threei}  wow
[09:30] {Threei}  what's with offers on PALM
[09:31] {nemo} swing trader's regret
[09:31] {Threei}  if they get cleared, I buy it all
[09:32] {nemo} sellers ain't bitin'
[09:33] {Threei}  CSCO actually not bad recovery
[09:34] {Threei}  watching pullback
[09:35] {Threei}  two possible entries, .40 zone or .50
[09:35] {nemo} csco
[09:36] {magoo} look RIMM vasd
[09:36] {Threei}  .40 would be double bottom, .50 higher low... hard to tell which one materializes
[09:36] {Threei}  RIMM is bounce-ready
[09:36] {Threei}  55 break
[09:37] {magoo} in 98
[09:40] {patience} gm RT  :)
[09:40] {Threei}  patience :)
[09:41] {Threei}  PALM ate through .90
[09:41] {Threei}  I am impressed
[09:41] {pita} gm all
[09:41] {Threei}  pita :)
[09:42] {Threei}  RIMM half out or scalp above .20
[09:43] {Threei}  stop to .95
[09:43] {dino} dltr gap fill from nov.?
[09:44] {Threei}  scary thing
[09:44] {_wulff} +.32 ty
[09:44] {dino} gj
[09:44] {cujo} nice trade
[09:44] {dino} waiting sm .76
[09:44] {Threei}  wulff :)
[09:45] {Threei}  out in full RIMM .39
[09:45] {magoo} me too boss TY
[09:45] {hawkfan4} nice one, thx
[09:45] {Threei}  welcome guys
[09:45] {Threei}  keeping an eye on AKAM
[09:46] {Threei}  want pullback
[09:46] {Threei}  lol... remember my musings about .50 or .40 on CSCO? it elected .45
[09:47] {Threei}  AKAM, if we get so lucky to see pullback to under 16
[09:48] {dino} sm, risky, l dltr .60
[09:48] {Threei}  half lot entry
[09:48] {cujo} rimm coming back a little as well
[09:49] {Threei}  in
[09:49] {Threei}  stop under .80
[09:50] {Threei}  half out 16..12
[09:50] {Threei}  scalpers take profit
[09:50] {_wulff} +.20
[09:50] {Threei}  stop to under .90
[09:50] {cujo} out +.20
[09:51] {tomg} ty vad
[09:51] {cujo} 2 great calls Vad
[09:51] {Threei}  good reflexes guys
[09:51] {_vinthombre} out +.20
[09:51] {nemo} 3
[09:51] {_wulff} nice call
[09:51] {buyemsellem} very nice call
[09:51] {Threei}  market sharp drop
[09:52] {Threei}  AKAM is holding so far
[09:52] {dino} out dltr .00, +.409
[09:52] {dino} .40
[09:52] {Threei}  if can keep this level and clear high of the bounce, my second half will be justified
[09:52] {Threei}  if not, scalpers win
[09:53] {Threei}  nice one dino
[09:53] {Threei}  gutsy too
[09:53] {dino} lucky
[09:53] {nemo} dino, think dltr about to make another leg up
[09:53] {Threei}  and probably took 8-ball from your daughter back
[09:54] {cosmo} JNPR tests 14.90
[09:54] {cosmo} hod
[09:54] {dino} feels it, but mkt not helping
[09:55] {Threei}  scalpers win on AKAM
[09:55] {Threei}  JNPR... daily looks explosive
[09:56] {Threei}  14.95 high yesterday
[09:56] {Threei}  knocking on cosmo's 14.90
[09:56] {Threei}  if clears this 14.90 - 15 area, and market helps... looks like serious mover in the making
[09:57] {_wulff} anything look good for Daytrade? Sm l
[09:57] {Threei}  wulff... trust me, when I see them I call them, not hiding :)
[09:57] {magoo} mkts down 100
[09:57] {dino} dltr waiting 34.75
[09:57] {Threei}  look at BAC mags
[09:57] {dino} t waiting 24.20
[09:58] {dino} vz 29.70
[09:58] {Threei}  financials getting killed again
[09:58] {magoo} wow
[09:58] {Threei}  and drag listeds with them
[09:58] {magoo} faz vad
[09:58] {magoo} 10 points higher than yesterday
[09:58] {Threei}  NASDAQ's relative strength is different sectors representation
[09:58] {dino} ge new low 10s
[09:59] {Threei}  that's BAC;s effect...
[09:59] {dino} c and bac 3s
[09:59] {Threei}  and GE of course
[09:59] {Threei}  JNPR
[09:59] {Threei}  .95 break is long by charts
[09:59] {Threei}  hopefully market recovers to help the play
[10:00] {Threei}  .80 is closest support
[10:00] {Threei}  DEC FACTORY ORDERS: -3.9% V -3.1%E
[10:00] {Threei}  - prior revised from -4.6% to -6.5%
[10:00] {dino} lower all bids
[10:00] {dino} check that t and vz remain
[10:01] {dino} gun to the head on dltr
[10:02] {nemo} if market turns dino
[10:02] {hawkfan4} GS strong if market turns
[10:02] {nemo} oops someboy screwed up on FAS
[10:02] {dino} understood nemo
[10:03] {dino} thats the bet
[10:03] {dino} sitting .35
[10:03] {dino} missed by 1 cent
[10:04] {cosmo} jnpr ready  ... i think
[10:05] {dino} sm risky l dltr .40
[10:06] {nemo} there ya' go dino
[10:07] {nemo} bummer...shoulda' shut up
[10:07] {dino} benatar on "hell is for (traders)
[10:07] {dino} out dltr .80, +.40
[10:07] {nemo} cool
[10:08] {dino} lucky
[10:09] {nemo} dcc dino
[10:09] {magoo} don't do it dino lol
[10:09] {nemo} magus man...be nice
[10:09] {Threei}  poor DRYS
[10:09] {magoo} against my nature
[10:09] {Threei}  and that's with BDI up 14%
[10:10] {magoo} w/baltic up 14 straight..wheres drys go when it pullsbk
[10:10] {magoo} soorry vad..we keep thinking alike
[10:10] {dino} to zero
[10:11] {magoo} can stocks go to like negative 3.05 }??
[10:12] {Threei}  AMZN pullback
[10:12] {Threei}  JNPR 1:1, half out
[10:12] {Threei}  or scalp
[10:13] {Threei}  ugh
[10:13] {dino} cat holding up
[10:13] {Threei}  missed AMZN .50... looked like had another 15-20 cents drop in it
[10:14] {magoo} l rimm .50
[10:14] {Threei}  market spiked suddenly
[10:14] {Threei}  WHITE HOUSE OFFICIAL: PRESIDENT OBAMA TO REQUIRE NEW ENERGY EFFICIENCY STANDARDS AMONG VARIETY OF APPLIANCES
[10:14] {dino} t sm l .49, stop .13
[10:14] {dino} oh gee wiz
[10:14] {Threei}  US SENATOR DODD: TARP DIRECTION REQUIRES A 'SHARP CHANGE'
[10:15] {dino} afam amed green
[10:15] {dino} wynn bottomed(?)
[10:15] {Threei}  JNPR approaches 1:2
[10:15] {dino} dodd; more like sharp knife
[10:15] {Threei}  lol
[10:15] {Threei}  so, do we get solar-powered toaster?
[10:16] {Threei}  1:2 JNPR, 1/4 more out
[10:17] {dino} yes, sort of like "sun" tea
[10:17] {magoo} with mkt help..thinkin RIMM 56 area
[10:18] {Threei}  stop to under 15.10 on JNPR
[10:18] {magoo} AAPL the stronger today..opposite yester
[10:18] {Threei}  offering last portion .35
[10:18] {Threei}  direct hit
[10:18] {Threei}  +.40
[10:19] {cujo} nice
[10:19] {magoo} .24 stiop rimm
[10:19] {Threei}  for once, scalpers don't win
[10:20] {Threei}  that's 3:3... can I go home?
[10:20] {hawkfan4} awesome call vad
[10:20] {Threei}  cosmo's find...
[10:20] {nemo} NO
[10:20] {hawkfan4} thx cos, sweet
[10:20] {cosmo} :)
[10:21] {cosmo} not done...
[10:21] {Threei}  NQ flat
[10:21] {Threei}  green
[10:21] {Threei}  if that's not impressive
[10:22] {cosmo} done
[10:23] {elepet} good morning
[10:23] {Threei}  elepet :)
06[10:24] * magoo slaps elepet around a bit with a large alarm clock so u make the easy money with us
[10:24] {Threei}  lol
[10:24] {elepet} I actually slept late this morning. first time
[10:25] {Threei}  missed three wins as result...
[10:25] {magoo} rimm tagged .64 twice...over 1:1 but weak
[10:25] {Threei}  I am not helping, am I
[10:25] {Threei}  RIMM, if market spikes again
[10:26] {Threei}  .45 long if stays above .30
[10:26] {Threei}  market looks spike-ready
[10:27] {Threei}  that was very short-lived spike, lol
[10:27] {Threei}  no worky RIMM
[10:28] {Threei}  JNPR sizeable pullback
[10:28] {nemo} jnpr
[10:31] {magoo} mkts down 106
[10:34] {Threei}  PALM baby
[10:34] {Threei}  held beautifully during down market
[10:34] {Threei}  gnawed through all those offers
[10:35] {Threei}  doesn't look scared by this big one at 8.10
[10:35] {Threei}  I am proud of its bravery
[10:35] {hawkfan4} me too :)
[10:35] {Threei}  now... go to 9 and make me happy
06[10:36] * Threei reinforces his priase with swift kick in PALM's rear
[10:36] {cujo} if it gets through the .10 do you think it is a long set up?
[10:36] {hawkfan4} grabbed another .13 on jnpr pullback, thx
[10:36] {Threei}  :)
[10:36] {dino} 3i getting attached to palm
[10:37] {cujo} ha ha.  no pun intended...?
[10:37] {nemo} yeah
[10:37] {Threei}  see... kind word and a gun is better than kind word alone
[10:37] {Threei}  cujo... not on intraday
[10:37] {nemo} the Corleone approach
[10:37] {Threei}  and on daily, actual setup is 8.30 8.40 breakout
[10:37] {cujo} got it. 
[10:37] {Threei}  which I was not too delighted about
[10:37] {hawkfan4} GS lloks explosive off 90, super risky animal
[10:38] {Threei}  too far from where we had it yesterday, while its behavior started confirming high odds of breakout coming
[10:38] {Threei}  so I wanted aggressive entry
[10:39] {Threei}  odds are less but stop is smaller and potential is bigger
[10:39] {Threei}  understanding this tradeoff gives you key to the trade
[10:40] {Threei}  http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html
[10:42] {magoo} u in hawk?
[10:42] {hawkfan4} yep, 89.58 avg
[10:43] {Threei}  generous
[10:43] {magoo} yea..id rather nail a pullbk
[10:43] {Threei}  from 1999 or what?
[10:43] {hawkfan4} GS
[10:43] {cujo} grat call on that GS Hawk
[10:44] {hawkfan4} thx cujo :)
[10:44] {Threei}  larisa... may I finally say 'ally?
[10:44] {magoo} news bidu vad?weird down
[10:45] {Threei}  yesterday Piper Jaffray
[10:45] {Threei}  said expects lower earnings
[10:45] {Threei}  that's all I see
[10:46] {larisa} vad, i gave up, say whatever you want :)
[10:46] {Threei}  thank you
[10:46] {magoo} 38 down...professor of obvious
[10:46] {Threei}  RRRRRRRalllyyyy
[10:46] {Threei}  alright PALM
[10:46] {Threei}  now .40
[10:46] {elepet} PALM. I
[10:46] {Threei}  and off to races
[10:46] {magoo} am i chasing PALM
[10:47] {Threei}  sheesh
[10:47] {magoo} not if goes 9
[10:47] {elepet} 've been buying and selling a small profits. time to hold for awhile?
[10:47] {Threei}  it's 50 cents up from our entry
[10:47] {Threei}  some yes elepet
[10:47] {dino} gl elepet, holding has been the kiss of death for 6 months now
[10:47] {elepet} Palm? first part of above sentance. coffee time
[10:48] {Threei}  yes, talking about PALM
[10:49] {Threei}  hawk
[10:49] {magoo} well then..riddle me this joker,..wheres the reload PALM?
[10:49] {Threei}  maybe half out and add it back on pullback?
[10:49] {magoo} .09?
[10:49] {hawkfan4} 1/2 out +2.03, thx vad, good idea
[10:49] {Threei}  it usually gives harder pullbacks than that mags
[10:50] {Threei}  I'd say 8 or under
[10:50] {dino} gj hawk
[10:50] {hawkfan4} thx dino
[10:50] {Threei}  but be ready for a swing
[10:50] {magoo} u can tell its a RAAAAAAAALLLLLLLLLLYYYYYYYY...dino rocking office out LOUD
[10:50] {Threei}  lol
[10:53] {dino} dltr pullback
[10:57] {Threei}  all markets are green
[10:57] {dino} better than cnbc talk magoo
[10:57] {pita} KS, dcc please
[10:57] {Threei}  lordy, even FAS is green
[10:58] {Threei}  JNPR, I am crying
[10:58] {magoo} me too
[10:58] {Threei}  that's OK... can't switch from pure scalpig mode to longer holds in one day
[10:59] {Threei}  we will have much more of this
[10:59] {hawkfan4} GS 1/5 high of 92.87 resistance, out full +3.08 rest
[10:59] {dino} t stop to .99
[10:59] {Threei}  hawk stopped counting in cents
[10:59] {Threei}  between PALM and GS, dollars only
[10:59] {hawkfan4} that was awesome, added 1/2 lot back at 92 ;)
[11:00] {Threei}  modification of umbrella
[11:00] {hawkfan4} lol, yep
[11:01] {Threei}  when market switches to full blown bull mode, we will make more of umbrella trades
[11:02] {magoo} yeah..until this morn i couldn't get more than a dime
[11:02] {dino} itt sm l .00
[11:02] {magoo} then rinse-a-roo
[11:02] {Threei}  you just picked wrong corner mags
[11:03] {magoo} corner"
[11:03] {dino} bear markets we wait magoo
[11:04] {dino} beer markets, we party
[11:04] {Threei}  HEARING EQUITY MARKET STRENGTH BEING ATTRIBUTED TO RUMORS OF POSSIBLE EASING OR SUSPENSION OF MARK TO MARKET ACCOUNTING RULES
[11:04] {dino} shocking.
[11:04] {dino} i've been saying this since sept
[11:05] {dino} 80% of mortgages are not going to default, but mtom has it happening
[11:09] {dino} to to .09
[11:10] {dino} stopped t .09, +.60
[11:14] {nemo} my LII quotes are screwed
[11:14] {hawkfan4} esignal's lagging bad 
[11:14] {nemo} rimm
[11:15] {Threei}  click Quotes- switch quoteserver
[11:15] {nemo} fas
[11:15] {nemo} everything
[11:15] {nemo} ty
[11:15] {Threei}  pick other server, it will reload quotes
[11:18] {Threei}  oh boy
[11:18] {Threei}  TARP WATCHDOG PANEL CHAIRWOMAN REPORTEDLY SAYS THE US TREASURY OVERPAID BY $78B ON THE FIRST SET OF TARP TRANSACTIONS
[11:19] {Threei}  not only they have no idea where the money went, they don't even know how much they paid
[11:19] {nemo} Well..we knew that...GS gave Buffet a much better deal than the gov't...thanks Paulson
[11:19] {magoo} if u dont have anything nice to say about TARP/economy..just dont say anything
[11:19] {Threei}  lol
[11:28] {dino} tell the politicians magoo
[11:28] {dino} sm l dltr .25
[11:29] {magoo} not much of a pullback..hard to find entries
[11:34] {magoo} VAD...what u in?
[11:34] {Threei}  nothing
[11:35] {Threei}  IMMU
[11:35] {Threei}  RECEIVES FAST TRACK DESIGNATION FROM FDA FOR THERAPY OF PANCREATIC CANCER
[11:36] {Threei}  GERN... another wave of enthusiasm
[11:36] {Threei}  STEM CELL STOCKS MOVE HIGHER ONCE AGAIN, STRENGHT BEING ATTRIBUTED TO SPECULATION A BILL IS WORKING ITS WAY TOWARDS HOUSE THAT INCREASED FUNDING FOR RESEARCH
[11:41] {magoo} HAWK..wheres strong support on GS?
[11:42] {Threei}  Deepak Chopra gives advice on war on terror
[11:42] {dino} at 48 magoo, 52 week low
[11:42] {magoo} ok ty
[11:43] {nemo} Figures...he lives in Massachusetts
[11:43] {dino} who is that, some rock star?
[11:43] {hawkfan4} 93ish
[11:43] {nemo} New Age guru
[11:43] {hawkfan4} i'll be watching it if it pops under 93 and holds
[11:44] {dino} my advice, burn them all and bury in pig skins
[11:44] {Threei}  speaking with respect and giving room for forgiveness is his weapon of choice
[11:44] {nemo} he's indian 
[11:48] {dino} out dltr .69, +.44
[11:48] {dino} .49
[11:49] {dino} opps, +.44 i mean
[11:49] {hawkfan4} nice
[11:49] {dino} ty
[11:50] {larisa} $ transfer from DLTR investors to dino's port :)
[11:50] {hawkfan4} GERN new high
[11:50] {dino} that way i can go buy lots of $ items tonight
[11:55] {cujo} Vad any read on RIMM here?
[11:56] {Threei}  not really... kind of in the middle of everything
[11:56] {dino} out itt .47, +.47
[11:56] {Threei}  56.50 break would be a trigger - with market continuation of course
[11:56] {cujo} y
[11:56] {cujo} target around 57.70?
[11:57] {Threei}  no idea
[11:57] {Threei}  I don't know how you can arrive at this kind of targets
[11:57] {Threei}  RIMM is market-driven
[11:57] {Threei}  you don't really read it on its own in such broad ranges
[11:57] {cujo} got it
[11:58] {dino} taking break 5/5
[11:58] {nemo} fas going through C&H?
[11:59] {Threei}  kind of, yeah
[11:59] {nemo} or is FAZ double bottoming?
[11:59] {Threei}  RIMM triggered
[11:59] {cujo} y
[12:01] {Threei}  30 cents in a few minutes
[12:01] {cujo} really a nice move
[12:01] {cujo} thanks for verification on that one... :)
[12:01] {Threei}  sure thing
[12:02] {Threei}  US SENATE MODERATES HAVE REPORTEDLY AGREED TO A STIMULUS PACKAGE NEAR SIZE INDICATED BY PRESIDENT OBAMA
[12:02] {dawg} PALM is a dog
[12:03] {Threei}  {PALM} me dog?? look who is talkeng!
[12:03] {dawg} LOL
[12:03] {Threei}  :)
[12:05] {Threei}  50 cents RIMM
[12:06] {cujo} thing is movin!
[12:07] {Threei}  DJI +100
[12:08] {Threei}  truly impressive recovery
[12:08] {magoo} HEY..thats my job today
[12:08] {magoo} up 110
[12:08] {Threei}  volume is not a slouch either
[12:11] {dino} resistance at 8111
[12:11] {dino} 8162
[12:11] {pita} keep up the good work guys, gotta go for now...
[12:11] {nemo} Tht news about mtom must be behind this financial moon shot
[12:11] {Threei}  take care pita
[12:11] {magoo} TY vad
[12:11] {dino} 851 s/p
[12:12] {Threei}  welcome mags... for what btw?
[12:12] {Threei}  not that it's very important
[12:12] {Threei}  prez on tv
[12:12] {magoo} im thanking u in advance of your advanced personnal compliment which is forthecoming
[12:13] {Threei}  wow
[12:13] {Threei}  that's deep
[12:14] {Threei}  US PRESIDENT OBAMA: NON FARM PAYROLLS DUE TOMMOROW WILL BE 'DISMAL'
[12:14] {Threei}  540Ke
[12:15] {magoo} boy he is smart
[12:15] {magoo} i wish he'd announce a senate and house salary ceiling of 55k
[12:18] {magoo} not to bragg here {cant believe it myself} but i scalped AAPL and was waiting .67
[12:18] {magoo} look at high
[12:18] {magoo} .6798
[12:19] {larisa} looks like bragging to me :)
[12:19] {cujo} nice
[12:19] {magoo} that was always are problem larisa ::)
[12:19] {larisa} lol
[12:21] {dino} you're right, he's bragging
[12:23] {Threei}  we are switching into retreat mode, IMO
[12:25] {dino} chilli dogs
[12:26] {dptl} good morning all
[12:26] {Threei}  wow
[12:27] {Threei}  hi dp :)
[12:27] {dptl} :)
[12:28] {magoo} dp:)
[12:30] {cujo} HAWK, GS at 93, what you think?
[12:31] {hawkfan4} not sure, market feels lower, i'm staying away for right now.  Stop would have to be under 92.70, so maybe if it gets closer
[12:35] {cujo} thanks Hawk
[12:35] {magoo} just be careful here...traders are used to bailing quick
[12:38] {hawkfan4} np :)
[12:40] {Threei}  SEN MAJORITY LEADER REID: HOPE TO HAVE VOTE ON STIMULUS PACKAGE ON THURSDAY, BELIEVE THERE ARE ENOUGH VOTES TO PASS THE BILL
[12:41] {magoo} so it begins vad lol
[12:41] {Threei}  yup
[12:44] {magoo} u dance with GS hawk like red and scarlett at the southern ball
[12:44] {Threei}  got my half PALM back at 8.07
[12:45] {hawkfan4} lol mags
[12:47] {dino} sm dltr l .49
[12:49] {hawkfan4} STT strong
[12:49] {dawg} picked up some more PALM at 8.08
[12:50] {Threei}  pullback into .50-.60 area on STT will be interesting
[12:51] {magoo} ok vad ..dont screw me up today he he...im 10 for 10
[12:51] {Threei}  - Reid says he believes they can find two Republicans to vote with Democrats, overcoming a potential filibuster
[12:51] {Threei}  so go home
[12:52] {magoo} cant
[12:52] {magoo} been a rough new yr..need ching 
[12:52] {magoo} so u better keep it up 
[12:52] {Threei}  market has no idea bout what you need
[12:53] {magoo} but u do lol
[12:54] {dino} probabilities magoo, play probabilities
[12:54] {Threei}  yeah... at 10:10, which side do you think your odds are leaning now?
[12:54] {magoo} ive been sitting here flipping a quarter...its come up heads 10 for 10
[12:56] {dino} go flip some burgers
[12:57] {hawkfan4} STT says "what pullback" and points and laughs at me
[12:57] {Threei}  yeah
[12:58] {larisa} dino, whisper to me EOD numbers, do we have new patterns yet ? :)  
[12:59] {dino} no idea, but will be surprised if we close at highs, employment numbers tomorrow 8:30 am, will not be good
[13:00] {dino} most likely sell-off starts around 1:45, that has been pattern
[13:00] {larisa} all because somebody  said {r} word
[13:01] {magoo} mkt is a forward looking mechanism...everyone expects number to stink
[13:02] {magoo} nonissue imo
[13:02] {dino} mcd, if takes out hod, may work, needs mkt help
[13:03] {dino} we'll see
[13:07] {Threei}  {larisa} all because somebody said {r} word {--- I disagree...
[13:07] {Threei}  we got our 'ally, then I alerted about retreat starting
[13:07] {Threei}  right at the top
[13:09] {Threei}  US SENATOR DODD: FORECLOSURE MITIGATION PLANS HAVE GAINED TRACTION IN THE US TREASURY
[13:09] {Threei}  {XHB}
[13:10] {Threei}  HIG
[13:10] {Threei}  forming break at 16
[13:13] {magoo} just gave STT your phone number vad...quite rude to me..i hung up
[13:13] {Threei}  I think it tried to conference-call us both
[13:14] {Threei}  wow, big drop
[13:15] {Threei}  news
[13:15] {Threei}  STT
[13:15] {Threei}  CEO: GUIDES 2009 ROE AT LOW END OF 14-17% RANGE
[13:15] {Threei}  EARNINGS MAY FALL 12-13%
[13:16] {dino} short?
[13:16] {Threei}  not very clear...
[13:16] {dino} s .25 sm risky
[13:21] {dino} bstop is .51
[13:23] {dino} seems i was early
[13:23] {dino} [13:00] {dino} most likely sell-off starts around 1:45, that has been pattern
[13:24] {larisa} :)
[13:24] {nemo} What are you so happy about Larisa?
[13:25] {larisa} I like dino
[13:25] {nemo} Ohhhhhhhhh
[13:25] {larisa} do you need a reason to be happy ?
[13:26] {Threei}  yes but not very big... usually pound of bacon will do
[13:27] {dino} (blushing)
[13:28] {Threei}  aimless wandering in the market
[13:28] {dino} wandering down
[13:28] {Threei}  GM TO REPORTEDLY TRIM HEADCOUNT BY 600 AT A MEXICAN PLANT
[13:28] {Threei}  is it euphemism for cut the jobs?
[13:29] {dino} stt bstop to .01
[13:29] {cujo} no, free haircuts for workers
[13:29] {Threei}  'cause to me "trim headcount" sounds more like barber's miskae
[13:29] {Threei}  cutting a bit too low
[13:29] {Threei}  particularly at the neck level
[13:29] {dino} stoped/co .01, +.24
[13:29] {magoo} 600 mexican gm workers aprehended crossing border illegally{AP}
[13:30] {Threei}  lol
[13:30] {nemo} well...as long as you're the one administering the haircut
[13:30] {cujo} all driving hummers
[13:30] {nemo} with a funny smell and white powder wafting from the back
[13:30] {cujo} :)
[13:30] {magoo} border patroll notes all were "well groomed"
[13:31] {cujo} ha ha ha
[13:31] {Threei}  pink elephants observed flying over the roof of the custom building
[13:31] {magoo} now..if IF mkts were to resume strong upward thrust...GS would be a beauty
[13:32] {dino} ge cutting 8 cnbc anchors
[13:32] {dino} the 8 on right now
[13:32] {Threei}  cutting or trimming?
[13:33] {dino} firing
[13:33] {Threei}  maybe bald is in again (in hopeful voice)?
[13:33] {nemo} so a disgusting picture of Maria Bartiromo the other day.  She could use some trimming
[13:33] {dino} gray 3i
[13:33] {Threei}  got that in beard
[13:33] {dino} ohhhh mannnnnnnnn
[13:34] {Threei}  now get bald back in fashion and I got it all covered
[13:34] {nemo} or not covered, as the case may be
[13:34] {dino} not receeding, just going gray
[13:34] {dino} mend blood
[13:34] {nemo} I'm doing both, so I'm letting it grow
[13:34] {magoo} [13:33] {nemo} so a disgusting picture of Maria Bartiromo the other day.  She could use some trimming
[13:34] {magoo} WHAT THE??
[13:35] {nemo} Yeah, notice how they almost never show her below the shoulders anymore
[13:35] {magoo} dino cranking talking heads now
[13:35] {magoo} this aint no party..this aint no disco
[13:35] {dino} life during wartime
[13:35] {Threei}  HIG getting hit
[13:36] {Threei}  STT too
[13:36] {Threei}  good short dino
[13:36] {Threei}  MOODY'S: US GOVT FINANCIAL POSITION EXPECTED TO WORSEN CONSIDERABLY OVER THE NEXT TWO YEARS
[13:36] {Threei}  -Cties actions on financial sector{
[13:36] {dino} ty
[13:36] {nemo} masters of the obvious
[13:37] {dino} and the get the big bucks
[13:37] {Threei}  Moody... wake up... that headline would be timely in the summer of 2007
[13:40] {dino} fdo
[13:41] {larisa} Maria is only 5'5", hard to stay skinny
[13:42] {nemo} Nah...not buyin' it
[13:42] {dino} athn
[13:43] {magoo} all the other girls manage he he {exception of sue herrarra}
[13:44] {Threei}  FED'S BULLARD: US IN A 'SHARP' RECESSION AT THE MOMENT, US GROWTH WILL BE NEGATIVE THROUGH Q209, Q1 WEAK, Q408 GDP COULD BE REVISED LOWER
[13:44] {Threei}  sigh
[13:44] {dino} athn tempting
[13:44] {dino} lol
[13:45] {Threei}  didn't expect HIG to bounce so strongly
[13:47] {dino} eqix spike
[13:51] {Threei}  HIG, fast selling under .60 for entry with stop under .50
[13:52] {nemo} little to quick for me
[13:52] {nemo} too
[13:52] {cujo} ditto
[13:53] {cujo} fast finger Vad
[13:53] {cujo} :)
[13:53] {nemo} I was reading Vad...
[13:54] {nemo} quotes keep getting screwed up today
[13:56] {magoo} u laser nemo?
[13:56] {Threei}  FED'S STERN: LOW INTEREST RATES PROVIDE FOR CHANCE OF RECOVERY, ECONOMY TO BE WEAK THROUGHJUNE
[13:56] {nemo} yes
[13:56] {Threei}  june?
[13:56] {Threei}  so in july we are fine
[13:56] {magoo} m,ine a lil clunky today too
[13:56] {Threei}  here comes HIG
[13:57] {Threei}  .52 in
[13:58] {Threei}  stopped
[13:58] {Threei}  ugh... shake
[13:59] {larisa} lower highs on bounces not important ? was wondering. you looking at 5 min for setup ?
[13:59] {Threei}  just briefly oversold for a bounce
[13:59] {nemo} where's Laserdave when you need him...
06[14:00] * Threei slaps laserdave around a bit with a large trout
[14:01] {dino} sleeping on the couch
[14:01] {Threei}  lol, here is my scalp on HIG
[14:01] {nemo} you mean after stop
[14:02] {Threei}  correction:
[14:02] {Threei}  lol, here is my would-be scalp on HIG
[14:02] {larisa} lol
[14:02] {nemo} Yeah...I was gonna' say, discipline slippin' a bit.
[14:03] {nemo} and, you'd have scalper's regret to boot
[14:03] {nemo} life just isn't fair.
[14:03] {Threei}  thank goodness
[14:04] {Threei}  unfair is what makes world function
[14:04] {nemo} Yeah, I got stuck being good looking and a genius IQ...right
[14:04] {dino} my problem is chic's...they dig me
[14:05] {nemo} yeah, you seem to have Larisa's number
[14:05] {larisa} of course
[14:05] {dino} :)
[14:05] {dino} actually   ;-)
[14:06] {Threei}  who gave HIG my number?
[14:06] {Threei}  PRESIDENT OBAMA SETS NEWS CONFERENCE FOR 8PMET MONDAY
[14:06] {Threei}  - no topic has been announced yet
[14:07] {dino} is there any day he is not on tv?
[14:07] {nemo} triple top or break on FAS
[14:09] {cujo} serious selling in palm
06[14:10] * magoo slaps laserdave around a bit with a large trout
06[14:10] * nemo slaps dino around a bit with a large trout
[14:10] {magoo} vad..start reading RIMM please
[14:10] {Threei}  FMCN
[14:10] {Threei}  HEARING TAKEOVER CHATTER CIRCULATING
[14:10] {nemo} sucks though...all I have is the trout
06[14:10] * dino slaps nemo around a bit with a large trout
[14:11] {nemo} It's tough to pick on my cousins
06[14:11] * magoo slaps nemo around a bit with a large grinn as i can take advantage of nemos trout specific weaknesses
[14:11] {nemo} That's it...dueling '06s at 1000 yards!
06[14:12] * magoo slaps nemo around a bit with a large large snowball into nemos forehead
[14:12] {magoo} HAWK..GS rread please
[14:12] {nemo} ow
[14:13] {Threei}  jeez mags
[14:13] {Threei}  relax... market is doing nothing
[14:13] {Threei}  why so anxious
[14:13] {magoo} i just got back into office
[14:13] {magoo} u didnt miss me?
[14:13] {dino} adhd magoo?
[14:13] {Threei}  I did but I'll aim better next time
[14:13] {hawkfan4} 93 break maybe 
[14:15] {magoo} no quotes on it dino
[14:15] {dino} attention deficit h..... disorder
[14:15] {_wulff} You still have your swing PALm vad?
[14:16] {Threei}  yes
[14:16] {Threei}  sold half at 8.30 and re-bought it back at 8.08
[14:16] {_wulff} too late for me  now?
[14:16] {Threei}  vs entry at 7.80? :)
[14:16] {_wulff} well...
[14:17] {Threei}  it's all about risk management...
[14:17] {Threei}  with 7.80 entry, what was my risk?
[14:17] {Threei}  compare it with 8.15
[14:18] {Threei}  you would have to have your stop around 7.60
[14:18] {_wulff} yup
[14:18] {Threei}  pretty wide, easy to get shaken out only to see it snapping back up
[14:18] {_wulff} 25 shares it is
[14:19] {Threei}  25 shares guranatee you safe trade, negligible profits and broker's hatred
[14:20] {nemo} Fidelity would love him
[14:20] {_wulff} joke
[14:20] {Threei}  here is one more joke:
[14:20] {Threei}  FED'S STERN: THERE IS ROOM TO EVALUATE CURRENT ACCOUNTING STANDARDS - Q&A
[14:20] {Threei}  yup... I hope that room is in prison
[14:21] {nemo} Not at between $16 and $24 a round trip up to 1000 shares.  They make a killing
[14:21] {Threei}  jeez
[14:21] {nemo} No vaseline either
[14:21] {Threei}  I haven't paid such commissions since 1999 :)
[14:21] {cujo} just out of curiosity, what are good exe rates now a days?
[14:21] {magoo} nemesis..who charges that?
[14:22] {Threei}  .005 per share cujo
[14:22] {Threei}  with ecn passthrough
[14:22] {cujo} gotcha
[14:22] {nemo} Fidelity charges according to how many trades you make, and never less than $16 round trip.
[14:22] {cosmo} JNPR wants more
[14:23] {magoo} and their superior executions and service make it worth it?
[14:23] {cosmo} .39 hod
[14:23] {nemo} nope
[14:23] {cujo} still thinking 93 break for GS Hawk?
[14:24] {magoo} vad..aapl hangs right at high
[14:24] {Threei}  breaky
[14:24] {nemo} About the only thing they have that is really good, is the charting software.  Although, they have a software platform "Wealth Lab" I've never played with.
[14:24] {hawkfan4} yeah, just super risky, could pop n drop
[14:24] {cujo} yeah
[14:25] {cujo} stock likes to move
[14:25] {cosmo} JNPR should hold 16.30
[14:25] {magoo} my thoughtsd here GS...if IF mkt wants to rock on"ally..GS returns to high..but needs mkt
[14:26] {magoo} best play imo..take only 100 sh to start on pullbk..if starts moving add
[14:26] {magoo} RISKY
[14:26] {cujo} y
[14:26] {cujo} yes
[14:27] {Threei}  la'isa fi'mly dest'oyed 'oom's ability to use lett' " ' " in the or'd 'ally
[14:28] {cosmo} wo'd
[14:28] {magoo} 'ight..i ag'ee
06[14:28] * nemo Finally...nemo uncorks a Louisville Slugger right between Magoo's eyes!!!
[14:29] {magoo} ROFLOL
[14:29] {dino} lol
[14:29] {Threei}  is there any single serious person in the room?
[14:29] {larisa} of course
[14:29] {Threei}  you know... thinking... analyzing... grown-up...
[14:30] {dino} 2 years ago, i took my son and his friend to yankees game, in ny. it was pat day. they gave out 10,000 louisvile sluggers to kids. all i could think of was what a security nightmare if a fight were to break out
[14:30] {nemo} My big setups passed me this morning and i've been waiting...what can I say...not too mention I've been pining for that ability for a looooong, time
[14:30] {dino} 30'
[14:30] {dino} 30"
[14:30] {nemo} the bat you mean, right dino?
[14:31] {dino} yes
[14:33] {Threei}  FED'S BULLARD: SUSPENDING MARK TO MARKET ACCT HAS NOT BEEN A GOOD IDEA IN THE PAST
[14:33] {magoo} my god MA up 19 points
[14:34] {dino} i think it was just put into force last year
[14:34] {Threei}  so he is right
[14:34] {Threei}  at no point before that suspending it was a good idea
[14:34] {dino} lol
[14:36] {Threei}  priates release Ukrainian ship after 4 months
[14:36] {larisa} got paid ?
[14:36] {Threei}  no
[14:36] {Threei}  somali village ran out of food
[14:37] {cosmo} sanctions worked?
[14:37] {Threei}  next time they'll think twice before hijacking ukrainians
[14:39] {magoo} aapl breaks
[14:40] {nemo} {@Alert} Threei  is there any single serious person in the room?  Is your wife standing next to you?
[14:40] {Threei}  US TREASURY'S GEITHNER WILL REPORTEDLY DISCLOSE A COMPREHENSIVE FINANCIAL FRAMEWORK ON MONDAY
[14:40] {Threei}  - Reminder: President Obama has scheduled a news conference for 8:00pmET on Monday
[14:40] {Threei}  no... why?
[14:40] {nemo} serious person
[14:41] {Threei}  I don't usually marry overly serious ones
[14:41] {nemo} But you do need supervision
[14:42] {Threei}  that's what everyone keeps telling me... :(
[14:42] {nemo} but you never listen
[14:42] {Threei}  why, I do
[14:42] {Threei}  that's how I know what they are telling me
[14:42] {nemo} Mags...V didn't do badly today either
[14:42] {nemo} O.K.  listen but no follow through
[14:42] {Threei}  it's Alzheimer's fault
[14:43] {nemo} Know him well
[14:43] {Threei}  I intend to follow through but I forget next morning
[14:43] {Threei}  lol... White House spokesperson:
[14:44] {Threei}  The bill is a moving target
[14:44] {dino} serious? if you guys make me trade w/o having fun, then i must leave this room.
[14:45] {Threei}  you prtobably missed latest bill by the administration dino
[14:45] {Threei}  fun is forbidden
[14:45] {cosmo} no general mirth
[14:46] {dino} ohhhh mannnnn...in my swiper voice
[14:47] {nemo} think the tide turned
[14:48] {Threei}  don't bet on it
[14:49] {Threei}  we are in change-by-coment situation
[14:49] {nemo} Alright, I'll just be a voyeur
[14:49] {nemo} well, been watching a shift in FAS FAZ since 2:20
[14:49] {Threei}  every musing out of senate directly or via commentators can cause big move
[14:51] {nemo} Shouldn't you be calling FAS scalps or somethin'?
[14:51] {hawkfan4} everything's too jumpy
[14:52] {Threei}  want to get a few papercujts?
[14:52] {Threei}  this market is exactly the type right now
[14:54] {larisa} HIG was such a perfect short off 15.50 when it did not go up with a market.. larisa-chicken.
[14:55] {Threei}  true... classic setup
[14:55] {Threei}  I missed it
[14:59] {dino} fast fall
[15:01] {larisa} why market can not get excited? stimulus almost passed, financials will be rescued on monday.. go market!
[15:01] {dptl} got to go...have a good evening all
[15:01] {dawg} Hig scalp off of 8.22
[15:01] {Threei}  take care dp
[15:02] {dawg} +.10
[15:02] {dawg} how about 15.22
[15:02] {larisa} better :)
[15:02] {dawg} larisa is a 10
[15:03] {dino} athn sm l .50
[15:03] {dino} cya dp
[15:03] {dino} sell the news larisa
[15:04] {larisa} I wish we bought the news first :) no buyers
[15:04] {dino} they bought the rumor, imo
[15:11] {dawg} Hig scalp from 15.20 +.13
[15:11] {dino} stopped athn -.30
[15:13] {dino} rinsed
[15:14] {dawg} HIG scalp from .23 +.10
[15:14] {Threei}  nice work dawg
[15:14] {dawg} gettin the Vad rthym ty
[15:15] {Threei}  :)
[15:15] {dino} good dog dawg
[15:17] {dawg} ty dino you have been hot lately
[15:17] {Threei}  group hug
[15:18] {dino} today, but under goals m-w
[15:19] {dawg} )}
[15:19] {dino} markets don't know what to do
[15:22] {Threei}  btw
[15:23] {Threei}  HIG reports today after close
[15:23] {larisa} interesting
[15:23] {Threei}  also, very important report today, real marketr mover: NAVR
[15:23] {larisa} lol
[15:24] {Threei}  this one used to be a big moneymaker back in tech era :)
[15:24] {larisa} we are too old threei
[15:25] {dino} about as o0ld as me i guess
[15:26] {dino} 44 next month
[15:26] {Threei}  heh
[15:36] {dino} giddy-up
[15:41] {Threei}  many financials have this interesting manner lately to go up on earnings report no matter how bad it looks
[15:41] {Threei}  let's see what HIG does
[15:42] {Threei}  (CA) CANADA PM FLAHERTY: UNEMPLOYMENT NUMBERS DUE FRIDAY WILL BE 'REGRETTABLE'
[15:42] {Threei}  interesting way to put it
[15:43] {dino} mcd stop to .49
[15:44] {Threei}  look at PALM daily
[15:44] {Threei}  feels like pregnant with break to you?
[15:45] {dino} out mcd .55, +.30
[15:45] {hawkfan4} interesting way to put it
[15:45] {Threei}  lol
[15:45] {hawkfan4} :)
[15:46] {Threei}  HIG speculators crowd fire exits
[15:48] {larisa} dawg was waiting for them at .20:)
[15:50] {Threei}  TREASURY SEC GEITHNER: WANT TO WORK CLOSELY WITH OTHER COUNTRIES TO INCREASE CHANCES FOR ECONOMIC RECOVERY
[15:50] {Threei}  {Other countries} thanks, you guys recovered us enough
[15:51] {dino} so nice
[15:51] {larisa} it is global economy, some prosper, all suffer :)
[15:51] {Threei}  {Other countries} we feel a little bit overrecovered as it is
[15:53] {Threei}  I'll stick around to wait for HIG
[15:53] {larisa} ty
[15:53] {hawkfan4} me too
[15:53] {magoo} HIG reports?
[15:53] {hawkfan4} yep
[15:54] {magoo} after bell or 4:30?
[15:55] {hawkfan4} all i have is after market closes
[15:56] {larisa} go for smoke now vad or we will miss it :)
[15:56] {magoo} me too..brbv
[15:56] {Threei}  lol
[15:58] {Threei}  PALM ginishes above 8 this time
[15:58] {Threei}  good to see
06[15:58] * larisa slaps threei a bit with palm venik
[15:58] {Threei}  why?
[15:59] {Threei}  I behaved
[15:59] {Threei}  Ithink
[15:59] {larisa} too much PALM, i am looking at it with your every mention, tired :)
[16:00] {Threei}  she is tired and I get slapped? What kind of logic is that
[16:00] {larisa} lol
[16:00] {cujo} any news about OIL just now?  USO going nuts?
[16:00] {Threei}  not that I see
[16:00] {cujo} more activity at close than usual 
[16:01] {cujo} just makes me wonder. 
[16:01] {Threei}  nor do I see anything out of ordinary on USO
[16:01] {dino} thx all, had fun
[16:01] {Threei}  dino :)
[16:01] {larisa} bye dino :)
[16:01] {hawkfan4} cu dino
[16:01] {Threei}  but again, abut fun
[16:02] {patience} good day, raising cash mostly  thanks vad
[16:02] {Threei}  :)
[16:02] {cujo} thanks Vad
[16:02] {cujo} see you tomorrow
[16:02] {dino} cujo- biz.yahoo.com/research/earncal/today
[16:02] {magoo} stay put vad..wee are NOT done lol
[16:02] {Threei}  take care coju
[16:02] {dino} about 80
[16:03] {cujo} dino, link no worky
[16:04] {dino} http://biz.yahoo.com/research/earncal/today.html
[16:04] {larisa} ADF wants to sell HIG at 301000 :)
[16:04] {Threei}  that's my short
[16:04] {cujo} cool.  Se eyou all later:)
[16:04] {larisa} oh
[16:05] {Threei}  also, see .01 bid
[16:05] {larisa} your long ?
[16:05] {Threei}  right

Wednesday, February 4, 2009

Feb 04 2009

Not very active but fairly positive day. Overall no complaints other than prolonged period of boredom, but HIG, STT etc break that down now and then.

Session Time: Wed Feb 04 00:00:00 2009

[07:34] {nemo} good morning soulless sleepers
[07:46] {hawkfan4} drys
[07:46] {hawkfan4} :)
[07:46] {hawkfan4} and good morning
[07:46] {nemo} Bruins are killin' it.
[07:47] {nemo} Baltic Dyr up again?
[07:48] {nemo} Dry...I guess sub-consciously thinking of Led Zeppelin
[07:48] {hawkfan4} they are rockin nemo
[07:48] {hawkfan4} bruins that is
[07:49] {nemo} Yes...I don't watch much TV anymore, nevermind sports, but the local sports radio hosts always talk about how hockey players, as a rule, are such good guys, so good for them, it's been a looooong time.
[07:56] {Threei}  Good morning
[07:56] {hawkfan4} gm vad
[07:56] {nemo} comrade :)
[07:56] {Threei}  hawk, nemo :)
[07:57] {nemo} any oracular pronouncements? :)
[07:57] {Threei}  none
[07:57] {nemo} I foresaw that response :)
[07:59] {magoo} morning
[08:01] {Threei}  magoo :)
[08:05] {Threei}  DRYS has 9 lives
[08:06] {magoo} yes..it styarted moving afterhours
[08:06] {cosmo} ERTS:  # Electronic Arts posts wider loss, hurt by chargesAP(Tue 7:41pm)
[08:06] {magoo} u have a premkt play here?
[08:06] {cosmo} ... seems to firm pre mkt
[08:08] {magoo} DRYS #1 volume on naz this morn
[08:15] {Threei}  JAN ADP EMPLOYMENT CHANGE: -522KK V -535KE
[08:15] {Threei}  - Prior month revised from -693K to -659K
[08:21] {larisa} good morning :)
[08:21] {Threei}  larisa :)
[08:21] {cosmo} so far...
[08:21] {nemo} gm larisa :)
[08:22] {larisa} threei, cosmo, nemo :)
[08:22] {cosmo} :)
[08:24] {hawkfan4} ELN back over 8
[08:24] {Threei}  this one makes me uncomfortable
[08:25] {hawkfan4} yeah, it's a strange one
[08:27] {cujo} good morning
[08:27] {Threei}  cujo :)
[08:28] {Threei}  BALTIC DRY BULK INDEX RISES FOR ITS 12 STRAIGHT INCREASE
[08:29] {magoo} when more players come in DRYS may pop
[08:29] {magoo} u have a read on it vad?
[08:29] {Threei}  no
[08:30] {magoo} u cranky? lol
[08:30] {Threei}  can drop on profit-taking just as well
[08:30] {Threei}  always
[08:31] {Threei}  this gap can easily be nothing more than folks coming home yesteredayt, reading news they mised and calling their brokers
[08:31] {Threei}  "buy me that thing tomorrow morning"
[08:31] {Threei}  if that's so, they'll be trapped
[08:31] {cosmo} that was 15 years ago 3i... 
[08:31] {nemo} like rats
[08:32] {Threei}  you'd think cos
[08:32] {cosmo} for me...yes
[08:32] {nemo} No...still happens...saw it with my own eyes a couple of months ago
[08:32] {cosmo} nah ... more like 20
[08:36] {Onix} Good morning
[08:37] {Threei}  onix :)
[08:41] {cosmo} ERTS pre mkt high = 16.15  ...needs to hold 15.90  imo
[08:42] {nemo} cosmo, when id erts announce?
[08:42] {nemo} id=did
[08:43] {cosmo} last nite
[08:43] {cosmo} plenty of time to call your broker
[08:43] {nemo} the rats probably haven't all jumped
[08:43] {cosmo} :)
[08:43] {Threei}  DRYS found new crop of fans
[08:43] {nemo} Funny how broke and broker...huh?
[08:44] {cosmo} hmmm
[08:45] {Threei}  INTC CFO: THIS IS ONE OF THE WORST ECONOMIC CYCLES WE HAVE EVER SEEN, SEEING RESET OF DEMAND TO A NEW LEVEL
[08:45] {nemo} I wonder if they'll have broadband in Hoovervilles?
[08:53] {magoo} CSCO report yet?
[08:54] {Threei}  no
[08:54] {Threei}  after the close today
[09:00] {KSystems} goooood morrrrning!
[09:00] {Threei}  ks :)
[09:03] {dino} gm all
[09:03] {Threei}  dino :)
[09:05] {dino} i see some value added analysis; keybanac downgrades wynn to underperform (after stock has fallen 12 points in two weeks)
[09:06] {nemo} Feb. 3 (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, extended its best start to a year since at least 1986 on demand to haul iron ore to China. 
[09:06] {dino} downgrade them when at lows, raise them at highs
[09:06] {Threei}  their quotes are delayed I'd guess
[09:07] {fernp} Hello everybody
[09:07] {Threei}  fern :)
[09:07] {dino} iron, is that fcx
[09:08] {nemo} slw
[09:08] {nemo} oops
[09:09] {elepet} good morning
[09:09] {Threei}  FCX is copper, gold and molybdenum
[09:09] {Threei}  elepet :)
[09:09] {Threei}  and... it was mentioned positively yesterday on Mad Money
[09:10] {dino} thx
[09:20] {elepet} all the Baltic components are way up today
[09:21] {ese} good morning
[09:22] {Threei}  ese :)
[09:27] {dptl} gm all
[09:29] {larisa} dm dp
[09:29] {Threei}  dp :)
[09:31] {dino} out cpla leftover, .62, +.68
[09:31] {nemo} Mags, think we should just keep a tree stand "bottle" nearby?
[09:31] {magoo} :)
[09:31] {magoo} news RIMM vad?
[09:31] {dino} indeed nemo
[09:31] {ese} bstop ILMN sm  .50
[09:32] {nemo} harvest venison Dino, do ya?
[09:32] {Threei}  nothing significant
[09:32] {magoo} amzn drops
[09:32] {ese} 32.50 not 31.50
[09:32] {dino} itt
[09:33] {Threei}  EGLE looks stronger than DRYS
[09:34] {ese} invalidated
[09:34] {dino} rate smackdown
[09:35] {nemo} fas tanking
[09:36] {Threei}  sharp drop DRYS
[09:36] {Threei}  EGLE did teleportation dance
[09:37] {Threei}  worth watch for scalpers
[09:37] {Threei}  watching too
[09:37] {Threei}  PALM is back into 8
[09:37] {Threei}  no news that I see
[09:41] {Threei} Long Setup:  RIMM  .40 if stays above .20
[09:42] {ese} Long ILMN 32
[09:42] {Threei}  1:1
[09:42] {tomg} ty vad
[09:42] {ese} 1/2
[09:42] {ese} fast
[09:43] {cujo} RIMM +.20
[09:43] {cujo} thanks Vad
[09:43] {ese} out .72 + .72
[09:44] {ese} gonna try pullback
[09:44] {ese} bstop .50 ILMN  1/2
[09:45] {Threei}  watching EGLE for wquick pullback into .40 area
[09:45] {ese} breakout instead of pullback is better
[09:46] {magoo} out RIMM .73 TY 
[09:46] {Threei}  welcome
[09:48] {dino} gj
[09:49] {Threei}  look who is waking up
[09:49] {Threei}  LULU
[09:49] {Threei}  long time no see
[09:51] {Threei}  not sure anout break on it, but pullback would be worth attention
[09:53] {magoo} decent pullbk RIMM vad
[09:53] {Threei}  .40 closest support... got away
[09:53] {Threei}  PALM
[09:53] {Threei}  today may be the day
[09:54] {dino} itt sm l .20
[09:54] {dino} hod's
[09:56] {ese} bstop invalidated
[09:56] {ese} ILMN
[09:59] {tomg} stt vad?
[09:59] {Threei}  it's opening pullback keeps me concerned a bit
[09:59] {tomg} ok
[10:00] {Threei}  wouldn't take much to send it to 24 from here
[10:00] {tomg} ty
[10:00] {Threei}  if that happened I'd be an eager buyer
[10:00] {Threei}  break, I don't know
[10:00] {Threei}  *JAN ISM NON-MANUFACTURING COMPOSITE: 42.9 V 39.0E
[10:01] {Threei}  this starts shaping up as creep-up day
[10:01] {nemo} fas off to the races this morning
[10:04] {_wulff} Do you get more active when things go up up up? Or Steady as she goes?
[10:04] {Threei}  too wide question...
[10:05] {Threei}  there are good setups, we take them
[10:05] {_wulff} ok
[10:05] {Threei}  slow creep up with no pullback is not one of our favorite
[10:05] {_wulff} annoying
[10:05] {Threei}  it's a kmind of days when investors are happy but traders don't find much
[10:05] {_wulff} i see
[10:06] {Threei} Long Setup:  JNPR  .75 if stays above .60
[10:06] {Threei}  look EGLE for example
[10:07] {Threei}  if missed first drop into .20, and it was microsecond for entry, where do you enter that?
[10:07] {pita} good morning all - been gone so long had difficulty finding my way back!
[10:07] {dino} gm pita
[10:08] {Threei}  pita :)
[10:08] {cujo} invalidated?
[10:09] {Threei}  yeah
[10:09] {Threei}  was forming cup and handle
[10:09] {cujo} yup
[10:10] {cujo} RIMM just won't stop today
[10:10] {magoo} i could stop it LOL
[10:10] {cujo} ha ha me too
[10:10] {pita} KS, any chance of getting help setting up mIRC?  Where to start w/o bothering everyone else?  Perhaps you can tell I am in browser.
[10:10] {magoo} together we could kill it
[10:11] {cujo} in rimm .74
[10:11] {cujo} just a little test
[10:11] {dino} if i bought w/you, we would freeze it
[10:11] {cujo} look at that now won't go over .75
[10:12] {cujo} :)
[10:12] {nemo} impressive mags!
[10:12] {Threei}  you didn't really buy RIMM there cujo?
[10:13] {cujo} no
[10:13] {cujo} but it does seem out to get me.  
[10:13] {cujo} Just a paper trade. 
[10:13] {Threei}  of course, with this kind of entries, lol
[10:13] {cujo} :)
[10:13] {magoo} toilet paper trade
[10:13] {Threei}  top of sharp spike? come on :)
[10:14] {Threei}  sucker's trade
[10:14] {Threei}  and as Jesse said,
[10:14] {Threei}  first rule of trading:
[10:14] {tomg} jnpr still valid?
[10:14] {Threei}  Don't be a sucker!'
[10:14] {magoo} jesse james was a trader?
[10:14] {cujo} yup
[10:14] {cosmo} traded bullets
[10:15] {Threei}  tom... I think we need ot play JNPR differently
[10:15] {nemo} Geez...ya' just start thinking mags has really got something...and then he walks off the cliff :(
[10:15] {Threei}  aggressive entry for a scalp off pullback, as NQ jumps and JNPR goves a little delay
[10:15] {Threei}  .61 was an entry, but I couldn't type al;ert in time
[10:15] {tomg} ok 
[10:16] {Threei}  another NQ spike is coming
[10:16] {patience} good morning RT  :)
[10:16] {cujo} morning
[10:17] {Threei}  patience :)
[10:17] {Threei}  if breaks 1240, grab RIMM as close to .50 as you can
[10:17] {dino} :) patience
[10:17] {tomg} Q? equiv.
[10:18] {tomg} .50?
[10:18] {Threei}  .55
[10:18] {KSystems} pita?
[10:18] {tomg} ty
[10:18] {pita} yes?
[10:18] {KSystems} dcc plz
[10:18] {pita} dcc how?
[10:19] {KSystems} you see my nick in the bar at the top of your screen
[10:19] {KSystems} click it
[10:19] {Threei}  NASDAQ retreats a bit
[10:19] {Threei}  RIMM is holding well
[10:19] {pita} brings up PM Whois and Ignore
[10:20] {Threei}  I would love to see a pullback on it, to .20 - .30
[10:20] {Threei}  but doesn't seem to be the case
[10:20] {cujo} where stop if in RIMM?
[10:20] {Threei}  sorry, don't understand
[10:21] {Threei}  if already in?
[10:21] {cujo} y
[10:21] {Threei}  or if sets up?
[10:21] {Threei}  well... where are you in then? :)
[10:21] {cujo} bought 1 lot near .50.  
[10:21] {cujo} guess i jumped gun
[10:21] {Threei}  keep it under .40
[10:22] {cujo} ok, thanks.
[10:26] {Threei}  held like a champ
[10:27] {Threei}  needs to break .60 now
[10:28] {Threei}  start taking profit
[10:28] {cujo} out 1/2
[10:28] {Threei}  half out at least
[10:28] {Threei}  stop to under .50
[10:28] {cujo} y
[10:29] {Threei}  precision with which it held .40 is remarkable
[10:29] {nemo} fAS available for short?
[10:30] {cujo} yeah
[10:30] {nemo} doesn't show up in LASER for me
[10:30] {Threei}  DOE CRUDE: +7.2 V +3ME
[10:30] {Threei}  GASOLINE: +300K V +1ME;
[10:31] {Threei}  shortable nemo
[10:31] {cujo} out full RIMM thanks Vad
[10:31] {Threei}  feel free to take RIMM profit in full
[10:31] {cujo} yup
[10:31] {Threei}  good job
[10:31] {dino} gj
[10:31] {cujo} thank, was hairy for a sec there near .40
[10:32] {Threei}  ah come on
[10:32] {Threei}  10 cents stop
[10:32] {Threei}  nothing to give a second thought to
[10:32] {magoo} hairy for a dog like u?
[10:32] {cujo} :)
[10:32] {cujo} yeah something like that :)
[10:32] {nemo} mags, don't forget...he's rabid
[10:33] {cujo} grrrrr
[10:35] {Threei} Long Setup:  HIG  .25
[10:36] {Threei}  if stays above .15
[10:37] {dino} up or down, and wouldn't you know it, my daughter took magic 8-ball home
[10:38] {hawkfan4} lol
[10:38] {Threei}  you don't lock it up?
[10:38] {hawkfan4} it should have its own bodyguard
[10:38] {dino} hindsight
[10:39] {nemo} trend change in market?
[10:40] {Threei}  so far, not
[10:41] {dino} out itt .77, +.57
[10:41] {hawkfan4} good one
[10:41] {cujo} nice trade dino
[10:42] {Threei}  I suspect dino has reserve 8-ball
[10:42] {dino} thx; easy button
[10:42] {dino} thx; easy button
[10:42] {dino} opps
[10:43] {magoo} restrm alert..alerty
[10:43] {fernp} in HIG
[10:43] {cujo} in HIG
[10:47] {Threei}  wow... line on TV:
[10:48] {Threei}  British PM says world in recession
[10:48] {Threei}  no, really?
[10:48] {hawkfan4} more competition vad
[10:48] {nemo} He's a POL not an economist :)
[10:48] {Threei}  no kidding hawk
[10:48] {Threei}  defending my title of the master of the obvious becomes so tough, I wonder ifit's worth it
[10:49] {cujo} dirty job, but someone has to do it... 
[10:49] {nemo} tough staying on top
[10:49] {nemo} Heavy is the head that wears the crown :(
[10:50] {Threei}  next CEO comes out and says the conditions are tougher than they've ever seen... I gove up
[10:50] {cujo} Vad, ok to move stop to below .20 on the HIG?
[10:50] {Threei}  I am a bit torn about it
[10:50] {Threei}  too easy to get tagged
[10:51] {cujo} y
[10:51] {cujo} yeah
[10:51] {nemo} FAS looks week probably holding HIG back
[10:51] {Threei}  and I am not sure market is ready for continuation
[10:51] {nemo} week=weak
[10:51] {Threei}  and HIG is holding very well
[10:51] {cujo} yeah, ok, holding at .14
[10:52] {cosmo} NETL 24 test
[10:53] {cosmo} hod
[10:56] {cosmo} should hold 23.75
[10:56] {cujo} come on HIG
[10:57] {Threei}  {HIG} don't rush me! I am on Hawaiian time! I move on my own terms
[10:57] {cujo} lol
[10:57] {Threei}  1:1
[10:57] {Threei}  make your choice
[10:57] {Threei}  half out or scalp
[10:58] {cujo} out.38
[10:58] {cujo} thanks Vad
[10:58] {Threei}  sure
[10:58] {magoo} waiting .47
[10:59] {larisa} did you say yesterday AMZN to the moon ?? breaking things :) 
[11:00] {Threei}  that was yesterday
[11:00] {Threei}  today it's curious what's under the basement floor
[11:00] {nemo} pour new concrete last night?
[11:00] {Threei}  HIG hit 1:2
[11:01] {larisa}  I think you are prohibited to say "M" word :)
[11:01] {nemo} No, he just can't say 'ally
[11:01] {Threei}  hmmm... no r no m... larisa, my vocabulary is quite limited as it is...
[11:02] {larisa} lol
[11:02] {Threei}  you'll make me look as an imbecil if you continue cutting down words I can use
[11:02] {Threei}  I mean, I manage with 15
[11:02] {Threei}  now 13
[11:02] {nemo} obviously not using "e" either
[11:03] {Threei}  but aything below 10, it's going to be tough wihtout intense gesticulation
[11:03] {nemo} sign language
[11:03] {KSystems} HME hl l .97 stop .82
[11:11] {dino} mhs hmmm
[11:17] {KSystems} HME stopped -.16
[11:17] {KSystems} WYE l .47 stop .43
[11:17] {dino} v s sm .03
[11:24] {KSystems} GE l .60 stop .53
[11:24] {KSystems} CBE hl l .57 stop .38
[11:26] {dino} cov v .00, +.04 mkt spike
[11:26] {dino} .03 opps
[11:26] {dino} damn, rinsed me
[11:29] {KSystems} WYE stopped -.04
[11:31] {pita} KS, am I there?
[11:31] {cujo} you are here...
[11:31] {Threei}  you made it pita
[11:31] {dino} over here
[11:31] {KSystems} :)
[11:31] {pita} thanks cujo!, thanks Vad, and specially KS!
[11:32] {KSystems} no prob
[11:32] {Threei}  NCX??
[11:33] {Threei}  11:25am [NCX] Strength attributed to rumor the co. has struck a $100M funding agreement from an Alberta pension plan
[11:33] {Threei}  I'll say
[11:41] {dino} coiled springs
[11:42] {nemo} which way though, Dino???
[11:43] {dino} gut says down
[11:43] {nemo} I agree
[11:44] {nemo} I saw a trend change around 10:00 an now it can't make up it's mind...mmmhhh...sounds like me.
[11:47] {pita} Is there no replay or time stamp here?
[11:47] {Threei}  time stamp yes
[11:47] {pita} don't see it
[11:47] {nemo} right click on discussions above
[11:47] {cujo} i don't see eithe pita
[11:47] {Threei}  right click on the button #discussions, pick Timestamp from dropdown menu
[11:47] {cujo} cool
[11:48] {cujo} look at that.  There it is. 
[11:48] {Threei}  replay no
[11:48] {nemo} how do you work the mouse with your paws cujo?
[11:48] {cujo} Vad, trader by day, tech support by night...
[11:48] {Threei}  lol
[11:48] {cujo} pencil in mouth
[11:48] {pita} ty, got it
[11:48] {nemo} ahhh
[11:48] {cujo} tough working with mouse, all hotkeys
[11:49] {nemo} get slobber on keyboard?
[11:49] {cujo} yup.  
[11:49] {cujo} have that new waterproof keyboard...
[11:50] {nemo} Sorry vad...I think I bring down the collective IQ around here.
[11:50] {dino} gs wants to pay back tarp, offering rumor
[11:50] {Threei}  you'd need a concrete-breaking tools for that
[11:51] {Threei}  basement floor, you know
[11:51] {pita} How do you get sound alert for Vad or other selected member?
[11:51] {cujo} Lloyd could pay that back himself.  
[11:51] {nemo} Yeah, when I lived in SC they made we wear a helmet while on my motorcycle. They figured if I fell off and landed on my head, I'd damage the street. 
[11:52] {cujo} what you ride Nemo?
[11:52] {nemo} Then...KZ1000
[11:52] {nemo} How I got around during grad school
[11:53] {cujo} gotta love that Kawi green... 
[11:53] {nemo} They were fantastic bikes...rice burner aside
[11:53] {Threei}  sorry pita, can't remember that one... it's done in Highlight section but between diff mIRC versions I can't remember where to find it
[11:54] {cujo} pita, right click on the user name you want to make sounds
[11:54] {magoo} i had Harley back then
[11:54] {magoo} sportster..black
[11:54] {pita} what are we watching?
[11:54] {nemo} same thing pita, right click on "beeping"
[11:54] {dino} buffet will be riding harley magoo, just loaned them 300 mill, at 15%
[11:54] {cujo} then go to info
[11:54] {cujo} then highlight
[11:54] {cujo} then you can create the rule based on names and words
[11:55] {dino} becn hmmmm
[11:55] {nemo} if you put the cursonr in the #floor window, where Vad emanates, right click choose "Beeping" and turn it on
[11:55] {Threei}  emanates... lol
[11:55] {pita} ty
[11:56] {nemo} Yeah...pontificates would have been better
[11:56] {cujo} cool.  I have always been on sportier bikes but like the Harleys....
[11:56] {nemo} Love Hogs, but they still break down too much
[11:56] {cujo} yeah, and the are HEAVY
[11:56] {magoo} i know its dangerous..but me and friends luv to bar hop on bikes 
[11:56] {cujo} if and when you go down, you go down hard......
[11:56] {cujo} ditto
[11:56] {magoo} it was fun fun funnnn
[11:57] {cujo} what you on magoo?
[11:57] {nemo} Good thing you were riding, too drunk to walk
[11:57] {cujo} bike wise
[11:57] {magoo} all i have now is 4 motocross bikes
[11:57] {nemo} Yeah, that left alot to the imagination for a second cujo
[11:57] {cujo} ha ha
[11:58] {magoo} ex motocrosser here..and son  now races
[11:58] {nemo} This market is like watching asymptotic relationships
[11:58] {Threei} Long Setup:  FAZ  small shares .50 break if stays above .30-
[11:59] {cujo} always wanted to try motorcross... 
[11:59] {Threei}  feels like spike into 50 in cards
[11:59] {magoo} in FAZ vad
[12:00] {Threei}  just keep it small, too volatile
[12:00] {cujo} in as well
[12:02] {larisa} dino nice BECN bottom alert
[12:02] {Threei}  no worky
[12:02] {cujo} out
[12:02] {dino} missed it, am waiting at .01
[12:03] {larisa} scalped from under 10, ty
[12:04] {dino} gj
[12:06] {dino} i really missed that
[12:08] {dino} watching apol, itt, becn
[12:09] {larisa} that FAZ is really crazy, off my screen :) 
[12:09] {dino} mine too
[12:10] {dino} 3x's i believe
[12:10] {hawkfan4} yep
[12:10] {nemo} yes, but gotta' look at faz  an fas together.  Right now fas moves with S&P
[12:10] {dino} as they say "there are other worlds' than this"
[12:11] {nemo} huh?
[12:11] {nemo} dimensions?
[12:11] {dino} stephen king, the gunslinger
[12:11] {dino}  9/0
[12:11] {dino} disregard
[12:12] {Threei}  "Go on the. There are other worlds than this"
[12:12] {Threei}  the = then
[12:12] {dino} just substitute stocks for worlds, that was my point
[12:12] {nemo} Geez...I see him at Red Sox games some times.  Sits over behind first base.
[12:13] {dino} cool
[12:13] {nemo} Big baseball fan, built a bunch of fields for kids up in Maine
[12:14] {cujo} dino, have any price in mind for APOL entry?
[12:14] {cujo} around .50-.60 maybe?
[12:14] {dino} i coach babe ruth team
[12:15] {dino} .40s
[12:15] {dino} itt around .90
[12:15] {cujo} got it
[12:17] {Threei}  COST EXEC: WE BELIEVE THE US ECONOMY HAS HIT BOTTOM - CONF CALL
[12:17] {cujo} hmmm
[12:17] {dino} gutsy call
[12:17] {nemo} Did they say how long it would be on the floor?
[12:19] {Threei}  GERN some enthusiasm
[12:20] {dino} darn v would've worked, too tight
[12:20] {Threei}  (RU) RUSSIAN FIN MIN KUDRIN: INFLATION IN RUSSIA MAY BE HIGHER THAN FORECASTED 13%
[12:21] {dino} shocking
[12:22] {Threei}  between that and Zimbabwe, I wonder whether we have right to complain when ours hits 3%
[12:22] {nemo} ask Kaimu
[12:22] {Threei}  FAZ shakeout... above 50
[12:23] {cujo} ITT getting there
[12:23] {nemo} bounce scalp on fas?
[12:23] {Threei}  only if you are into microscalping
[12:24] {Threei}  I doubt it has much in it
[12:24] {nemo} hey...how did you know about my hair transplant?
[12:24] {dino} cx apol, mkt drops
[12:24] {Threei}  I'd better look at STT for bounce scalp
[12:26] {dino} hmmm apol held .50 cujo right
[12:26] {cujo} rarely
[12:27] {magoo} what the read on GS hawk?
[12:28] {hawkfan4} dunno, looks down, but support at 88, rock n hard place right now
[12:29] {hawkfan4} gotta run out for a bit
[12:29] {magoo} ok ty
[12:34] {Threei}  market is totally dead
[12:34] {dino} itt sm l .07
[12:35] {dino} stop is .78
[12:40] {dino} apol sm l .55, stop .18
[12:42] {fernp} MEE good DBI?
[12:43] {Threei}  chart wise, yes...
[12:43] {Threei}  it's just the market right now
[12:43] {Threei}  directionless
[12:45] {magoo} going to eat some bacon vad
[12:45] {Threei}  US SENATE REPORTEDLY TAKING STEPS TO INCREASE GSE LOAN LIMITS
[12:45] {Threei}  {FNM XHB}
[12:45] {Threei}  wait mags
[12:46] {Threei}  that's for you:
[12:46] {Threei}  http://www.nytimes.com/2009/01/28/dining/281brex.html
[12:46] {dino} why, when values are down
[12:46] {nemo} that's quite a chart on fnm
[12:47] {magoo} YUMMY vad
[12:48] {larisa} at least wrap some carrots with it :)
[12:49] {nemo} Friend of mine gave me meat from a pig he raised, including bacon...what a difference from the store bought stuff
[12:50] {dino} apol stopped
[12:55] {Threei}  lol... renewable energy push is likely to create more jobs on Aisa than in USA
[12:56] {dino} hampster wheels?
[12:58] {larisa} depends on a company, solars keep technology and manufacturing in US, back end in Asia, Mexico. Gov can put condition in : create jobs in US ? :)
[12:59] {magoo} why doesnt govt become a solar copany...already a bank and auto companies
[13:00] {dino} tech?
[13:00] {larisa} lol
[13:00] {pita} bounce area STT Vad?
[13:01] {Threei}  not while FAS is dropping
[13:01] {magoo} darn faz vad..we were 5 minutes early
[13:02] {Threei}  yeah
[13:02] {Threei}  US HOUSE SPEAKER PELOSI: UNCLEAR WHETHER OR NOT ADDITIONAL BANK BAILOUT REQUESTS
[13:05] {dino} i vote, no more anything, let it syhake out
[13:10] {Threei}  woq... what a yawn, ever since those early plays
06[13:10] * dino slaps &Threei around a bit with a large trout
[13:11] {Threei}  you think it helps?
[13:12] {dino} watcing some old favs. wmt, mcd
[13:12] {Threei}  let's see if we get double bottom
[13:12] {cujo} mcd c&h?
[13:12] {Threei} Long Setup:  STT  .50
[13:12] {Threei}  if stays above .40
[13:14] {nemo} S&P STB
[13:14] {dino} no idea cujo
[13:14] {Threei}  market and FAS quick downticks, STT is holding
[13:14] {Threei}  not sure if it can hold if market continues down, but bounce should make it work
[13:15] {Threei}  so far so good
[13:16] {magoo} in 
[13:16] {Threei}  1:1
[13:18] {magoo} rimm aapl hjeld well..any plauyy vad?
[13:19] {Threei}  RIMM is stronger than AAPL
[13:19] {Threei}  it is a play when market reverses
[13:19] {Threei}  but no technical on its own
[13:19] {dino} wmt sm l .90
[13:19] {magoo} if IF mkt reverses
[13:20] {Threei}  hmm? did we switch in "market never goes up again" mode yet?
[13:20] {pita} in/out STT +13 ty
[13:20] {Threei}  pita :)
[13:20] {nemo} it's tomorrow vad
[13:20] {Threei}  I must have stuck in yesterday's "we never ever pull back again"
[13:21] {nemo} maybe you should have your "good twin" trade every other day :)
[13:21] {Threei}  I would... problem is, no matter how often we duke it out, we can't agree who of us is good one
[13:22] {larisa} you both want to be bad ?
[13:22] {Threei}  how did you guess?
[13:22] {larisa} girls like bad boys :)
[13:23] {Threei}  hmmm... maybe I should take glasses off then
[13:23] {Threei}  and tie
[13:23] {Threei}  and elbow patches
[13:23] {cujo} Vad, double Bottomon KO?
[13:24] {Threei}  doesn't feel right to me
[13:24] {nemo} those plaid pants and striped shirts don't work either
[13:25] {Threei}  market may help it of course but on its own it looks rather breakdownish
[13:25] {cujo} yeah
[13:25] {cujo} thanks. 
[13:25] {pita} reload STT?
[13:26] {Threei}  this one looks right
[13:26] {Threei}  same stop, under .40
[13:27] {cujo} fast 1:1
[13:27] {Threei}  1:1 again
[13:27] {cujo} thanks
[13:28] {Threei}  KO bounced too
[13:28] {Threei}  oh well
[13:28] {cujo} no biggie, have a friend who wants to unload
[13:28] {cujo} i wan'ts looking to get long
[13:29] {magoo} vad..all we looking for is 1:1? i still in
[13:30] {Threei}  mags, no idea
[13:30] {Threei}  market is so sleepy
[13:30] {Threei}  it feels like it's bouncing not really coming out of coma
[13:30] {magoo} ok out here .67
[13:30] {magoo} like 1:1.7
[13:30] {Threei}  when in doubt partial out
[13:31] {magoo} when in doubt..bail oout
06[13:31] * Threei made a piece of poetry and almost dies of extreme pride
[13:32] {Threei}  over 1:2
[13:32] {Threei}  even most stubborn holders must not lose money on it
[13:32] {jmb} thanks vad STT
[13:32] {Threei}  jmb :)
[13:37] {dino} mcd sm l .25
[13:37] {magoo} ill have a big mac please
[13:37] {Threei}  not sure about STT this time
[13:38] {Threei}  leavit it be
[13:38] {nemo} FAZ testing top
[13:38] {Threei}  after what it did to us, I refuse to acknowledge its existence
[13:38] {Threei}  as far as I am concerned, no such thing as FAZ
[13:39] {nemo} fine...FAS testing .85
[13:39] {cujo} same here Vad
[13:39] {nemo} now now boys you're taking this much too personally
[13:39] {cujo} Fas
[13:40] {nemo} Ohh bottom showdown CUJO
[13:41] {nemo} S&P crapping out
06[13:41] * Threei pats himself on tha back for staying away from STT this time around
[13:42] {nemo} looks like the one that can't be named wants to test the range
[13:43] {magoo} its time for my daily here............................drumroll
[13:43] {magoo} this markety BLOEWS
[13:44] {cujo} he he
[13:44] {magoo} we are down 70
[13:48] {Threei}  and never ever are going to go up again
[13:50] {Threei}  STT become a candidate here
[13:51] {Threei}  24 crossback
[13:51] {Threei}  stop under 23.90
[13:51] {magoo} in 24
[13:53] {Threei}  looks good with any market bounce
[13:53] {Threei}  not dropping anymore
[13:53] {Threei}  hopefully no shake
[13:53] {Threei}  over 1;1, half out
[13:54] {Threei}  .95 stop
[13:57] {magoo} AAPl RIMM read vad?
[13:57] {Threei}  HP
[13:57] {Threei}  REPORTEDLY VENEZUELAN OIL WORKERS UNION HAS TAKEN CONTROL OF FOUR HP OIL RIGS
[13:57] {Threei}  can't tell on those
[13:57] {Threei}  1;2 STT
[13:58] {Threei}  out .19
[13:59] {magoo} out here .28 TY boss
[13:59] {Threei}  too soon
[13:59] {Threei}  wtg
[13:59] {dino} that country's a mess
[14:01] {Threei}  hehe... name me one that isn't
[14:01] {nemo} fiji
[14:06] {cujo} stt Vad?
[14:07] {Threei}  looking at how LULU is holding you would think yoga accessories and clothes is an answer to financial crisis
[14:07] {cujo} i am wearing lulu right now...
[14:07] {Threei}  worth secvond try here cujo
[14:07] {Threei}  no chasing
[14:07] {Threei}  bounced fast off 24
[14:07] {cujo} yup
[14:08] {cujo} missed it... 
[14:08] {Threei}  NASDAQ is green still
[14:09] {Threei}  a lot of green techs
[14:09] {magoo} u in LULU?
[14:10] {Threei}  no
[14:10] {Threei}  nor am I in tutu
[14:10] {cujo} i'm in lulu
[14:10] {magoo} u taking yoga?
[14:10] {nemo} scary...I was thinking just that vad
[14:10] {cujo} ha ha
[14:10] {cujo} no
[14:10] {cujo} just comfy pants
[14:10] {cujo} trading attire
[14:12] {magoo} again i ask...aapl rimm?
[14:12] {Threei}  sigh
[14:13] {magoo} u know if u give in and call it..and itswrong...your dead right?
[14:14] {Threei}  so survivor in me says, do not call them
[14:14] {nemo} Geez mags...bite the hand that feeds ya'
[14:14] {magoo} but the badger in me keeps saying ..ask
[14:14] {nemo} scorpion and the turtle
[14:14] {magoo} cujo taught me
[14:15] {nemo} he's a rabid dog!
[14:15] {magoo} whenever i look at porn mkt goes up...so im gonna go sacrifice for ya all
[14:15] {cujo} ha ha ha
[14:15] {cujo} nice
[14:16] {dino} ncit
[14:16] {nemo} wedges on STT and FAS?
[14:17] {Threei}  I can't tell... chart shapes up and reversal but volume doesn't
[14:17] {Threei}  and = as
[14:18] {nemo} yeah, volume on FAS anemic
[14:18] {Threei}  DYAX FDA PANEL: ECALLANTIDE RULED EFFECTIVE FOR ADULTS
[14:18] {Threei}  hatled
[14:18] {Threei}  from 7 am
[14:22] {hawkfan4} ok Vad, you were supposed to remind me not to make appts in the middle of the day :)
[14:22] {Threei}  I was?
[14:23] {Threei}  see... you assume I remember anything about anyone
[14:23] {hawkfan4} :) no.  i covered GS short at 88.30 right b4 i left, and sold FAZ at 50.60, uggg
[14:25] {Threei}  lol
[14:25] {Threei}  I want to warn people from Nigeria who might be watching our show, if you get any emails from Washington asking for money, it's a scam. Don't fall for it - Jay Leno
[14:28] {hawkfan4} lol
[14:30] {nemo} you finished yet Mags?
[14:32] {Threei}  I am taking PALM swing trade here
[14:32] {cujo} long or short?
[14:32] {Threei}  long
[14:32] {nemo} I thought he was making a crack about Mags
[14:34] {cujo} in the swing trade
[14:35] {dptl} have a good evening all...leaving early...
[14:35] {cujo} see ya
[14:36] {Threei}  take care dp
[14:42] {magoo} vad mkt powering up jhere
[14:42] {magoo} candidates boss
[14:43] {Threei}  one more pullback in order... STT closer to 24 is candidate
[14:45] {Threei}  .10 break if stays above 24
[14:46] {Threei}  changes to 24 break if holding above 23.90
[14:46] {nemo} If FAS holds @ .55 is STT a candidate?
[14:47] {dino} cryp
[14:48] {Threei}  CRYP
[14:48] {Threei}  MOVING HIGHER ON REPORT IN FT SUMMARIZING COMMENTS FROM BARNEY FRANK LAST WEEK ABOUT BRINGING BILL FOR LEGALIZING ONLINE GAMBLING IN THE US
[14:49] {Threei}  half out
[14:50] {Threei}  GIGM another one on the same headline
[14:51] {nemo} How's IGT doing?
[14:51] {nemo} not well
[14:55] {nemo} I wonder if Obama's compensation controls are kaiboshing the financials?
[14:57] {Threei}  brightest minds will leave?
[14:58] {Threei}  for greener pastures?
[14:58] {Threei}  good riddance if you ask me
[14:58] {magoo} big jump
[14:59] {pita} late for day job - thanks again KS, see y'all tomorrow.
[14:59] {Threei}  take care pita
[14:59] {cujo} c'ya
[15:01] {Threei}  FORMER FED CHAIR VOLCKER: NEED REGISTRATION FOR HEDGE FUNDS AND PRIVATE EQUITY FUNDS, FNM AND FRE CANNOT ULTIMATELY BE A PRIVATE/ PUBLIC MIX
[15:04] {Threei}  BAC CEO: JAN PERFORMANCE 'ENCOURAGING', NOTES WILL NOT TAKE YEAR END PERFORMANCE COMPENSATION 2009 - MEMO DATED 2/2
[15:04] {Threei}  - Remarked that the Board has endorsed the strategy and direction
[15:06] {magoo} c'mon vad...youare missing the greatest spike of the new year here lol
[15:06] {Threei}  this??
[15:06] {Threei}  lol
[15:07] {Threei}  your standards really dropped low
[15:07] {magoo} ell put eh?
[15:07] {magoo} ell=well
[15:07] {Threei}  ell too
[15:09] {Threei}  STT does teleportation dance
[15:09] {nemo} You thinking Palm C&H Vad?
[15:09] {Threei}  it's scalpable but there is no way to call it in time
[15:09] {nemo} not Rosie mags
[15:09] {Threei}  on daily you mean?
[15:09] {nemo} no swing
[15:09] {Threei}  ummm
[15:09] {Threei}  C&H on what chart?
[15:10] {nemo} six month daily
[15:10] {Threei}  well, that one would have too high breakout
[15:10] {Threei}  although yes, it plays a role in general idea of what this stock does
[15:11] {nemo} wouldn't it be above 8..stone's throw
[15:11] {Threei}  my idea of this trade is rather smaller C&H,
[15:11] {Threei}  forming from 01/16
[15:11] {Threei}  with rim at 8.30 - 8.40
[15:12] {nemo} 2/2 base of handle
[15:12] {Threei}  taking aggressive entry on this pullback
[15:13] {Threei}  {nemo} 2/2 base of handle - right
[15:13] {Threei}  break of the rim should take it to 9 at least
[15:14] {cujo} wow, its moving
[15:14] {Threei}  against market, no less
[15:14] {Threei}  no news that I see
[15:14] {cujo} 9 here we come
[15:15] {Threei}  lol
[15:15] {nemo} had that ascending triangle, where'd that volume spike come from
[15:16] {Threei}  don't know... but something's brewing here
[15:16] {Threei}  one of the reasons I want to be in aggressively:
[15:16] {Threei}  thing is expecting news from Best Buy and Sprint on their smartphone,
[15:17] {tomg} which stock, vad?
[15:17] {Threei}  and if that comes overnight, it will just open with gap
[15:17] {magoo} cat scratch fever crankin here
[15:17] {Threei}  PALM, tom, swing trade from .80
[15:17] {tomg} ty
[15:17] {nemo} what, figure no downside if no news
[15:18] {cujo} u think it will come back to .80 tomorrow?
[15:18] {Threei}  to be ready for this trade for a week already, wake up and see it opening at 9?
[15:18] {Threei}  ummm
[15:18] {Threei}  cujo... don't make this widespreade and very common mistake assuming that I think
[15:19] {cujo} sry :)
[15:19] {Threei}  you should be... I almost feel insulted
[15:19] {Threei}  seriously though, no idea... see,
[15:19] {Threei}  it's in a wasiting position,
[15:19] {Threei}  waiting
[15:19] {cujo} got ya. 
[15:19] {Threei}  for news, for market support etc
[15:19] {Threei}  no news and market drops - it will retreat
[15:20] {cujo} any price that would get you to sell before close of day today short of 9?
[15:20] {Threei}  how far and for how long - anyone's guess
[15:20] {larisa} sry is sorry for lazy? I wish I did not know russian :)
[15:20] {Threei}  today? nah
[15:20] {Threei}  lol larisa
[15:21] {Threei}  mags.. so much for that bounce of the century {G}
[15:21] {larisa} erasing yest 'ally
[15:22] {nemo} up a day down a day
[15:22] {Threei}  STT is a player again though
[15:22] {nemo} 23.90?
[15:24] {Threei}  it's not a technical play... can't name the price
[15:25] {nemo} Great :(
[15:25] {Threei}  observe it to get the rhytm of these teleportations up and down
[15:25] {nemo} although it touch .90
[15:26] {Threei}  CRYP continues...
[15:26] {cujo} i have an order resting at .87 nemo
[15:26] {Threei}  GIGM too
[15:29] {magoo} DINOOOOOOO..make the call{3:40}
[15:29] {nemo} you mean 'ally
[15:29] {dino} up
[15:31] {dino} wcrx
[15:33] {Threei}  GIGM goes for a break it seems
[15:33] {magoo} u making a call?
[15:34] {Threei}  only if you are extremely adrenaline-deprived
[15:34] {Threei}  this is not a stock for faint hearts
[15:34] {magoo} in
[15:34] {nemo} Magoo likes bungee jumping
[15:34] {Threei}  did it break yet?
[15:35] {magoo} oops
[15:35] {larisa} lol
[15:35] {Threei}  not only you want super-risky stock, but you also want it aggresively
[15:35] {Threei}  sigh
[15:35] {magoo} well hared to watch while in GS GOOG AAPL too
[15:35] {Threei}  oh boy
[15:36] {nemo} Geez mags and porn too!
[15:36] {Threei}  oops NCX
[15:36] {Threei}  ALBERTA FUND MANAGER CONFIRMS NOT PROVIDING FINANCING TO NCX
[15:36] {magoo} porn off..system crashed
[15:37] {Threei}  CANADA FIN MIN FLAHERTY CONFIRMS G7 DISCUSSION TO INCLUDE ASIAN CURRENCIES, ASK FOR CNY TO APPRECIATE
[15:37] {Threei}  easy way to fix trade imbalance eh?
[15:38] {Threei}  how do you like these PALM spikes?
[15:40] {dino} wcrx drop
[15:42] {dino} ironic, because it purchased the mr big cream
[15:42] {_vinthombre} vad- how far PALM could go?
[15:42] {Threei}  anyone played STT off 24?
[15:42] {hawkfan4} i did vad, sold .19
[15:42] {Threei}  hawk :)
[15:42] {Threei}  PALM... IF, if it does what I envision, 9 at least
[15:43] {_vinthombre} thanks
[15:43] {Threei}  it has big resistance to break at 8.30 - 8.40
[15:43] {Threei}  please realize the dangers of overnight hold, respect them and size position accordingly
[15:43] {_vinthombre} got it, thx
[15:44] {Threei}  using Livermore's words... keep it down to sleeping level :})
[15:44] {_vinthombre} very true
[15:44] {Threei}  'cause you know... he who goes for a killing is the first one to get killed
[15:44] {dino} ffch div. cut, blood
06[15:44] * Threei is unusually deep today
[15:44] {nemo} yep, first strike is a master shot
[15:44] {Threei}  way beyonbd normal "tree good, fire bad"
[15:45] {dino} fortune favors the bold
[15:46] {Threei}  ???
[15:46] {Threei}  you sure??
[15:46] {dino} darkness lies one inch ahead
[15:46] {Threei}  I always thought it was bAld
[15:46] {dino} lol
[15:46] {larisa} threei, usually you say something and wait for others to compliment you, do not do it yourself :)
[15:46] {dino} then i am in trouble, not balding here
[15:46] {Threei}  you destroy the very core of my beliefs dino :(
[15:46] {nemo} and in the immortal words of Frank Zappa "Whatch out where the huskies go"    Dino you want to finish
[15:47] {Threei}  wow larisa... that's how it's done?
[15:47] {larisa} usually :)
[15:47] {Threei}  jeez, I learn so much today
[15:47] {dino} dk that one
[15:47] {Threei}  my whole world comes down crashing
[15:48] {larisa} magoo would say : beauty boss. means you did somefing right
[15:48] {Threei}  naaah... that's just him hitting on me
[15:50] {Threei}  look at BAC
[15:50] {Threei}  this is baaad
[15:50] {hawkfan4} berry bad
[15:51] {Threei}  even if market starts kind of compartmentalizing, isolating financials... BAC crash is really bad
[15:51] {dino} c is going to catch it
[15:51] {cujo} time to start buying gold bars?
[15:52] {Threei}  that's not my area of experise... I don't understand gold :)
[15:52] {cujo} or taking cash out and putting it in mattress?
[15:52] {dino} it's a shiny metal 3i, whats to know?
[15:52] {dino} chick's dig it
[15:52] {Threei}  lol
[15:53] {cujo} chicks to dig it... 
[15:53] {cujo} do
[15:54] {dino} so the new patttern under obama, 1 out of 5 days/week dji rises
[15:54] {larisa} lol
[15:55] {dino} seems to be
[15:57] {larisa} Cisco, visa report after hours
[15:58] {Threei}  well guys... not overly active day but positive
[15:58] {Threei}  and thanks to dino and larisa I learned a lot of new things
[15:58] {Threei}  about life
[15:58] {Threei}  thaank you all, have a good evening
[15:58] {Threei}  see you tomorrow
[15:59] {larisa} bye :)
[15:59] {dino} anytime vad
[15:59] {hawkfan4} u 2 vad, thx
[15:59] {cujo} ha ha ha.  Thanks Vad.  Have a good one. 
[15:59] {cujo} catch you all tomorrow.
[16:00] {Threei}  btw
[16:00] {Threei}  if you haven't gotten enough of wisdom from high above for the day
[16:00] {Threei}  FOUNDER GATES: NEXT 3-4 YEARS WILL BE 'VERY TOUGH' FOR THE US ECONOMY
[16:00] {hawkfan4} i feel smarter already
[16:01] {Threei}  AKAm
[16:01] {Threei}  REPORTS Q4 $0.44 V $0.40E, R $212M V $206ME

Tuesday, February 3, 2009

Feb 03 2009

Started out rather slow, then the day picked up with a few nice wins, exceeding usual scalping profits. Long on STT, couple long trades on AMZN and short on FAS made the day.

 
Session Time: Tue Feb 03 00:00:00 2009

[07:54] {cujo} morning all. 
[07:58] {Threei}  Good morning
[08:01] {cujo} morning Vad
[08:02] {tomg} good morning :)
[08:02] {Threei}  cujo, tom :)
[08:03] {magoo} morning
[08:03] {Threei}  magoo :)
[08:05] {nemo} haroo?
[08:05] {Threei}  I don't know what haroo is, but good morning to you too :)
[08:06] {nemo} I have a lambdasism (sp)
[08:06] {magoo} here come the games...senator on cnbc saying want to scrap the bill
[08:07] {Threei}  rep?
[08:08] {magoo} shelby republican
[08:08] {magoo} "start over"
[08:11] {hawkfan4} drys
[08:11] {Threei}  DRYS to you too hawk
[08:11] {nemo} corny
[08:11] {magoo} drys hawk:)
[08:11] {Threei}  I don't see news
[08:11] {magoo} SNDK hit hard'
[08:11] {hawkfan4} good morning :)
[08:14] {Threei}  you see anything anywhere on DRYS?
[08:14] {hawkfan4} nope
[08:15] {magoo} quite active here DRYS
[08:15] {Threei}  look at EKN hawk... good thing we ignored it
[08:15] {Threei}  ELN
[08:15] {hawkfan4} i know, wtf, that was a wierd move
[08:16] {hawkfan4} drys nonstop, no news on briefing
[08:17] {magoo} has FEEL to go over 6  premkt
[08:17] {hawkfan4} yessir
[08:17] {magoo} need a pullbk
[08:22] {larisa} good morning :)
[08:22] {elepet} good morning
[08:22] {nemo} GM larisa :)
[08:22] {Threei}  larisa, elepet :)
[08:23] {hawkfan4} drys, drys :)
[08:23] {larisa} nemo, elepet, threei :) 
[08:23] {Threei}  lol hawk
[08:23] {Threei}  BALTIC DRY BULK INDEX +4.5%
[08:24] {nemo} there ya' go
[08:25] {elepet} but it's been up for days and drys down
[08:25] {Threei}  yup
[08:25] {Threei}  good thinking elepet
[08:26] {nemo} elepet looking for logic...don't bother with relationships then
[08:26] {Threei}  plus, being 11th straight increase, ity's probably nearing the top of the cycle
[08:26] {elepet} EXM and EGLE also up today
[08:28] {patience} good morning RT  :)
[08:28] {Threei}  patience :)
[08:29] {nemo} patience :)
[08:30] {Threei}  wow
[08:30] {Threei}  what the?
[08:30] {Threei}  REACHES PRELIM AGREEMENT ON COVENANT WAIVER
[08:30] {hawkfan4} jeesh
[08:30] {Threei}  what does it even mean, lol
[08:30] {nemo} damn...coulda' quit early
[08:31] {Threei}  what covenant was that?
[08:31] {Threei}  - Has reached an in principle agreement with Piraeus Bank, one of its largest lenders, to restructure its two loan facilities in the original aggregate principal amount of $220.0 million with current outstanding $164.9M
[08:31] {magoo} [08:17] {magoo} has FEEL to go over 6  premkt
[08:31] {Threei}  ahha
[08:31] {nemo} bow to Mags
[08:31] {Threei}  loan restructuring
[08:32] {Threei}  WATG
[08:32] {Threei}  AWARDED COMPETITIVE BID CONTRACT TO SUPPLY STARTERS TO A TOP THREE DOMESTIC AUTO MAKER IN CHINA
[08:46] {ese} morning.....
[08:48] {Threei}  ese :)
[08:48] {elepet} Is it possible with short covering that DRYS could rise to its former glory?
[08:48] {ese} hey vad....not sure if i signed off with you all properly yesterday......appologies
[08:48] {Threei}  as in, back in 20s? :)
[08:49] {Threei}  no ese, you haven't... we decided to punish you for that today
[08:49] {elepet} that would be fun. i mean above 9
[08:49] {magoo} heck..DRYS 52 wk high appx 116..thats its former glory
[08:49] {Threei}  but we couldn't come to agreement about how... and ended up beating each other up
[08:49] {Threei}  so I guess you are off the hook
[08:50] {magoo} 3 52 wk low
[08:50] {Threei}  elepet... DRYSA is very volatile animal... it could do practically anything
[08:51] {elepet} I must confess i bought 500 shares yesterday at 5.10 but was ashamed to tell anyone.
[08:51] {elepet} yeah i know...sell
[08:51] {magoo} 16.50 DRYS 1 month high
[08:51] {magoo} just filled first gap upward for dino
[08:52] {magoo} another upward gap to 12
[08:52] {hawkfan4} i bot 1k at 4.92 in the afterhours yesterday...and sold 4.93 
[08:52] {Threei}  don't spend it all at once hawk
[08:52] {magoo} ALTHOUGH..i must say I HATE DRYS
[08:52] {Threei}  you may contribute to inflation
[08:52] {hawkfan4} that was right about the time i covered my SNDK short from 11.60 for a .10 loss
[08:53] {ese} ITMN.....
[08:53] {hawkfan4} i've got a case of the woulda-coulda-shoulda's
[08:53] {magoo} MYGN gapper
[08:53] {ese} up 5 bills....nice for those who got in yesterday
[08:54] {Threei}  ITMN
[08:54] {Threei}  07:08am [ITMN] Two Phase III studies of Pirfenidone in IPF InterMune demonstrated statistical significance
[08:54] {Threei}  and whole lot of scientific gibberish after that
[08:56] {magoo} ITMN avail short to laserheads...just kreep in mind
[08:57] {nemo} I'd have to have a mind to keep it in.
[08:57] {nemo} ehh...in which to keep it.
[08:59] {elepet} Palm seems ready to move up again. Is market in for a rally?
[08:59] {Threei}  HRYSLER EXEC: JAN RETAIL SALES CLOSE TO OBJECTIVE
[08:59] {Threei}  objective was to sell anything?
[09:00] {nemo} Yeah, only down 50%
[09:00] {Threei}  looks so at this point elepet
[09:00] {Threei}  but you know how fast things change these days
[09:00] {Threei}  JPM
[09:00] {Threei}  SELECTED BY THE FEDERAL RESERVE AS CUSTODIAN FOR ITS MORTGAGE-BACKED SECURITIES PURCHASE PROGRAM
[09:01] {nemo} They're already a hazardous waste dump
[09:02] {Threei}  HIG near yesterday's high
[09:02] {nemo} dino :)
[09:05] {Threei}  DRYS assault on high
[09:06] {dino} gm nemo
[09:06] {Threei}  dino :)
[09:06] {Threei}  if its normal personality is still in effect, should pull back now
[09:06] {Onix} Good morning all
[09:07] {Threei}  onix :)
[09:07] {Threei}  JPM CEO DIMON CALLS FOR FED RESERVE TO FINANCIAL SYSTEM REGULATOR
[09:07] {Threei}  is it even English?
[09:07] {hawkfan4} lol
[09:08] {KSystems} Good morning!
[09:08] {Threei}  well, as long as they unmderstand each other...
[09:08] {Threei}  ks :)
[09:08] {Threei}  ahha, correction
[09:08] {Threei}  CEO DIMON CALLS FOR UNIFICATION OF REGULATORY STRUCTURES, FED RESERVE TO HAVE AUTHORITY OVER FINANCIAL SYSTEM
[09:09] {nemo} I'd rather Treasury have authority
[09:09] {Threei}  thought of Fed being a regulating entity for fiancial system boggles my mind
[09:13] {Threei}  be back in 5
[09:18] {Threei}  elepet... my outlook on PALM is the same...
[09:18] {Threei}  if market gains strength, techs perform well, and it breaks 8-8.40 zone, it's poised for 9 and above
[09:19] {Threei}  will also depend on whether their deal with retailers goes through
[09:19] {Threei}  with Best Buy particularly
[09:23] {Threei}  DRYS... sharp pullback at the open is its trademark
[09:25] {KSystems} welcome buyem
[09:25] {buyemsellem} thank you, morning everyone
[09:25] {Threei}  hi byem, welcome aboard
[09:25] {hawkfan4} gm
[09:26] {nemo} there's a lurking lycanthrope too...
[09:27] {Threei}  so far, on watch
[09:27] {Threei}  DRYS for pullback etry
[09:27] {Threei}  HIG for possible continuation
[09:27] {magoo} sndk?
[09:27] {magoo} bounce?
[09:27] {Threei}  and whatever scanner spits out
[09:27] {Threei}  ugh
[09:27] {Threei}  don't know about SNDK
[09:28] {Threei}  thing is damaged badly
[09:28] {Threei}  let's observe it for a while
[09:28] {dptl} gm all
[09:28] {Threei}  dp :)
[09:28] {Threei}  it filed shelf
[09:29] {dino} prgo
[09:29] {Threei}  07:51am [PRGO] Reports Q2 $0.46 v $0.50e, R $561.5M v $541.3Me. Lowers FY09 guidance)more.. - Guides FY09 EPS $1.75-1.90 v $1.95e ($1.92-2.00 prior)
[09:30] {Threei}  here comes DRYS drop
[09:31] {Threei}  under 6.20 should become an entry
[09:31] {Threei}  in
[09:31] {Threei}  stop under 6
[09:31] {magoo} in
[09:31] {cujo} in
[09:31] {Threei}  got 6.14
[09:32] {hawkfan4} .18
[09:32] {magoo} .18
[09:32] {Threei}  out half .27
[09:32] {Threei}  stop to under .10
[09:33] {Threei}  FAS sharp downtick
[09:34] {nemo} hig too
[09:35] {Threei}  out DRYS balance
[09:35] {cujo} Thanks Vad
[09:35] {Threei}  ugh... missed FAS
[09:35] {dino} mygn
[09:35] {Threei}  felt like diving under .20
[09:36] {Threei}  DRYS will give more opportunties, need to let it calm down a little
[09:36] {nemo} pre market on FAS congestion at 9.25
[09:37] {Threei}  let's see if we get double bottom
[09:37] {magoo} nasty q
[09:37] {ese} PRGO bstop  25.31
[09:39] {Threei} Long Setup:  FAS  .35 if holding above .20
[09:39] {dino} where you get in short prgo es?
[09:41] {Threei}  invalidated
[09:41] {Threei}  rather bounce candidate now from under 9.10
[09:41] {elepet} not much of a rally.
[09:42] {dino} lol
[09:42] {Threei} Long Setup:  HIG  half lot .95
[09:43] {Threei}  if holding above .80
[09:43] {ese} prgo bstop invalidated
[09:43] {Threei}  1:1
[09:44] {Threei}  fast thing
[09:44] {Threei}  anyone caught it?
[09:44] {ese} anyone catch coco?
[09:44] {_wulff} }93
[09:44] {Threei}  nice entry
[09:44] {Threei}  was very fast on spike too
[09:46] {_wulff} out
[09:46] {Threei}  haven't sold any into spike?
[09:46] {_wulff} pullback entry
[09:46] {Threei}  oh
[09:47] {Threei}  market is downtrending, usually secondary entries should be lower than original
[09:47] {_wulff} DRYS not selling off
[09:48] {dino} re-fi in the works on drys
[09:49] {hawkfan4} GS holding better than FAS, wild one
[09:50] {Threei}  FAS, quick pullback into .20 or just below is an entry
[09:50] {Threei}  stop under .10
[09:51] {Threei}  first strength from here
[09:51] {cujo} stopped
[09:57] {dino} beav sm l .00
[09:58] {cujo} b aapl .78
[09:59] {cujo} out .83
[09:59] {cujo} grrr
[10:00] {Threei}  DEC PENDING HOME SALES M/M: 6.3% V 0.0%E
[10:00] {cosmo} hmm
[10:00] {Threei}  -Prior revised from -4.0% to -3.7%
[10:11] {dptl} .
[10:11] {Threei} Long Setup:  FAS  .31
[10:11] {Threei}  if stays above .20
[10:13] {Threei}  invalidated
[10:13] {nemo} maybe db of .15 
[10:14] {_wulff} smh?
[10:16] {Threei}  .26 SMH with stop under .20... not very entyusiastic about it
[10:17] {cujo} in .26 half lot
[10:17] {cujo} SMH
[10:19] {cujo} out
[10:19] {Threei}  who unplugged the market?
[10:20] {nemo} look around your feet
[10:21] {KSystems} yesterday that time my scanner was buzzing like a nervous bee
[10:22] {cujo} drys fast selling
[10:27] {Threei}  time to start looking for FAS reversal
[10:27] {Threei}  darn thing jumped as I typed
[10:27] {Threei}  hoppefully, pullback closer to .80
[10:28] {fernp} hello everybody
[10:28] {Threei}  yeah right
[10:28] {Threei}  fern :)
[10:31] {dino} sm l prgo .50, stop .18
[10:37] {magoo} dam..missed GS..was looking @ 81.50
[10:39] {_wulff} Drys .02
[10:40] {magoo} l rimm 55
[10:40] {nemo} lunchtime already?
[10:41] {magoo} kicking it
[10:42] {magoo} .79 stop
[10:42] {Threei}  stop under .85 mags?
[10:42] {magoo} [10:42] {magoo} .79 stop
[10:42] {Threei}  yeah... I mean, trailing after this pullback and bottoming at .88?
[10:43] {magoo} ok
[10:43] {KSystems} PAC hl s .35 stop .43
[10:43] {Threei}  or want to give it breathing room?
[10:43] {magoo} first exit .23 area..
[10:43] {magoo} second .43 area
[10:45] {magoo} c'mon RIMM ..sheesh
[10:45] {cujo} .30 cent spike in CAT
[10:45] {magoo} everythings in place here
[10:45] {Threei} Long Setup:  AMZN  .80 half lot
[10:45] {Threei}  if stays above .60
[10:46] {Threei}  .50 is more reliable support for it but requires smaller shares
[10:46] {dino}  prgo stopped -.32
[10:48] {magoo} in amzn
[10:48] {elepet} i went to make breakfast and the rally returned.
[10:48] {Threei}  ahha
[10:48] {Threei}  we need you tyo go cook breakfast for the rally
[10:49] {dino} rinsed
[10:49] {magoo} are u sure it wasnt restroom?do not be embarrassed
[10:49] {dino} throw some bacon on for me
[10:49] {Threei}  AMZN 5 cents shy of 1:1? come on
[10:52] {Threei}  NQ needs to break 1200
[10:53] {Threei}  not this time it seems
[10:54] {cujo} no worky
[10:54] {Threei}  nope
[10:54] {Threei}  sppi
[10:54] {Threei}  never mind
[10:55] {Threei}  gotta adjust that volume filter
[10:55] {Threei}  US SEN SCHUMER: BAD BANK SOLUTION WOULD BE 'TOO COSTLY', PREFERS GUARANTEES
[10:56] {Threei}  (US) OBAMA ADMINISTRATION NOTES ITS "GREAT CONCERN" OVER THE IRANIAN SATELLITE LAUNCH
[10:56] {Threei}  - The French and British governments have also voiced their concern this morning over the Iranian actions.
[10:57] {Threei}  wow GS
[11:03] {KSystems} KLAC sm s .57 stop .81
[11:04] {dino} sm l t .10
[11:05] {fernp} IP 
[11:05] {fernp} valid jbe?
[11:05] {Threei}  too narrow for my taste
[11:05] {Threei}  25 cents who day range
[11:06] {fernp} true
[11:06] {magoo} rinse-a-rama today boss
[11:06] {Threei}  PALM is quietly creeping up
[11:06] {Threei}  yeah mags
[11:06] {magoo} RIMM and AMZN
[11:07] {Threei}  why do you think I shrink away from a call-per-minute mode
[11:07] {dino} figured you were ducking the shoes being thrown at you
[11:08] {Threei}  look at AMZN
[11:08] {KSystems} KLAC stopped -.25
[11:11] {Threei}  lol... third person with tax issues?